WITH RESPECT TO NOT TO EXCEED $8,000,000 REVENUE BONDS (HOBOKEN CHARTER SCHOOL PROJECT) SERIES 2026
NOTICE IS HEREBY GIVEN that the City of Hoboken, in the County of Hudson, New Jersey (“Hoboken” or the “City”) will hold a telephonic public hearing on November 5, 2026, at 3:00 p.m., local time, in compliance with Internal Revenue Service Revenue Procedure 2022-20, for the purpose of providing a reasonable opportunity for interested persons to express their views orally regarding the proposed issuance by the Public Finance Authority, a unit of government and a body corporate and politic of the State of Wisconsin (the “Authority”), of its revenue bonds (the “Bonds”), pursuant to a plan of financing for the Project (defined below) with respect to the following application for economic development bond financing for the facility described below. Interested persons may participate in the telephonic public hearing by calling the following telephonic conference line, 267-930-4000 (a toll-free telephone number)and entering the participant code 822-511-153.
Interested persons may also submit written comments regarding theproposed issuance of the Bonds. Suchwritten comments must be received by 2 p.m., local time, on November 5, 2026. Written comments must be emailed to: jwinitsky@parkermccay.com.
The Bonds are expected to be qualified 501(c)(3) bonds, as defined insection 145 of the Internal Revenue Code of 1986, as amended, and are expectedto be issued pursuant to Section 66.0304 of the Wisconsin Statutes, asamended. The proceedsfrom the sale of the Bonds will be loaned by the Authority to The Friends ofHoboken Charter School, Inc., a New Jersey nonprofit corporation (the “Borrower”),and used to fund a project consisting of the: (i) refinancing of theoutstanding principal amount of the Authority’s Revenue Bond (Friends ofHoboken Charter School) Series 2018A and Revenue Bond (Friends of HobokenCharter School) Series 2018B (collectively, the “2018 Bonds”); (ii) payingcosts of ancillary capital improvements to the buildings located at 709-713Washington Street in Hoboken, New Jersey (the “2026 Project”); and (iii) payingcosts of issuance of the Bonds and certain other costs incurred in connectionwith the issuance of the Bonds.
Proceeds of the 2018 Bonds were used to (i) refinance a commercial loan and mortgage, the proceeds of which were used to refinance a loan which was used to acquire real property located at 713 Washington Street in Hoboken, New Jersey (now known as 709-713 Washington Street); (ii) pay costs of acquiring real property located at 709-711 Washington Street in Hoboken, New Jersey (now known as 709-713 Washington Street); and (iii) pay costs of the construction and renovation of the building located at 709-711 Washington Street (now known as 709-713 Washington Street) in Hoboken, New Jersey (collectively, the “2018 Project” and, together with the 2026 Project, the “Project”).
The Project is owned by the Borrower and leased to,and operated by, Hoboken Charter School, a New Jersey nonprofit corporation, asa school. The Project is located at:
709-713 Washington Street
Hoboken, New Jersey 07030
Block 218, Lot 3.01 (formerly Lot 3 & 4) in the City of Hoboken, County of Hudson, State of New Jersey
The maximum principal amount of the Bonds shall not exceed $8,000,000. The City will have no financial obligation with respect to the Bonds.
THE BONDS WILL BE SPECIAL LIMITED OBLIGATIONS OF THE AUTHORITY. THE BONDS WILL NOT BE A DEBT OF THECITY. THE BONDS WILL BE PAYABLE SOLELYFROM THE LOAN REPAYMENTS TO BE MADE BY THE BORROWER TO THE AUTHORITY, ANDCERTAIN FUNDS AND ACCOUNTS ESTABLISHED BY THE BOND AGREEMENT FOR THE BONDS.
This notice is published in accordance with the public notice requirements of Section 147(f) of the Internal Revenue Code of 1986, as amended, and the regulations promulgated thereunder, as modified by Internal Revenue Service Revenue Procedure 2022-20.
