Public Notices - Regular Meeting - 3/28/2019 NOTICE OF PUBLIC HEARING
The public is hereby notified that the Round Rock City Council will hold a public hearing
on March 28, 2019 at 6:00 p.m. at the City Council Chambers, 221 East Main Street, Round
Rock, Texas, to consider the approval of a tax exempt financing by the Milford Higher
Education Facilities Corporation (the "Corporation") of a project to be owned and operated by
RR Christian Academy, d/b/a Round Rock Christian Academy (the "School"). The financing
will be in a maximum principal amount not to exceed $7,500,000.
The proceeds of the financing will be used to: (i) refinance a loan of the School which
was used to purchase approximately 9 acres of real property located at 800 Westwood Drive,
Round Rock, Texas 78681 (the "School Campus Site"); and (ii) construct two (2) academic
buildings on the School Campus Site which will include classrooms, science facilities, a library,
two (2) art classrooms, choir room, music room, media room, restrooms, administrative offices
and teachers' lounges, together with related roads and parking facilities, all to be located on the
School Campus Site (collectively the "Project"). A portion of the proceeds of the financing will
be used to pay certain expenses in connection with the issuance of the financing. The obligation
to repay this financing is solely that of the School. The Project is, or will be, owned and
operated by the School.
THE FINANCING IS SOLELY THE OBLIGATION OF THE SCHOOL AND NOT AN
OBLIGATION OR DEBT IN ANY WAY OF THE CITY OF ROUND ROCK, TEXAS, THE
CITY OF MILFORD, TEXAS, THE CORPORATION OR ANY OTHER POLITICAL
SUBDIVISION OF THE STATE OF TEXAS WHATSOEVER.
The public is invited to attend this meeting. Interested persons are invited to submit
written comments prior to the hearing to the Clyde von Rosenberg, Sr. Planner, 301 W. Bagdad
Ave., Ste. 210, Round Rock, Texas 78664 or by phone 512-341-3174.
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POSTING CERTIFICATION
I certify that this notice of public hearing was posted on this 7th day of March 2019, at 5:00 p.m. as
required by law in accordance with Section 551.043 of the Texas Government Cade. r
Meaga. Spin D uty City 6erk
Publication Date: Saturday, March 9, 2019