CAPITAL PROJECTS FINANCE AUTHORITY
NOTICE OF PUBLIC HEARING
For purposes of Section 147(f) of the Internal Revenue Code of 1986, as amended (the “IRC”), notice is hereby given that the Capital Projects Finance Authority (“CaPFA”) will hold a public hearing on May 20, 2026, at 10:00 a.m. EST or as soon thereafter as practicable. In accordance with Internal Revenue Service Revenue Procedure 2022-20, this public hearing will be held by telephone conference. Interested persons are encouraged to attend the telephone conference using the following instructions:
TELEPHONE CONFERENCE INSTRUCTIONS:
TOLL-FREE DIAL IN NUMBER: 1-800-719-6100
PASSCODE: 7584552
The public hearing is being conducted for the purpose of receiving comments and hearing discussion concerning the proposed adoption by CaPFA of a resolution approving the issuance by CaPFA of an aggregate principal amount not to exceed $215,000,000 of its Housing Revenue Bonds (PRG Fletcher Properties LLC Project at USF Tampa Campus), in multiple series of tax-exempt and taxable bonds (collectively, the “Bonds”) pursuant to a plan of finance. The tax-exempt bonds will be issued as qualified 501(c)(3) bonds on their respective dates of issuance pursuant to Section 145 of the IRC. The proceeds of the Bonds will be loaned by CaPFA to PRG Fletcher Properties LLC, a Florida limited liability company (the “Borrower”), the sole member of which is Provident Resources Group Inc., a Georgia not for profit corporation and an organization described in Section 501(c)(3) of the IRC. The Borrower will use the proceeds of the Bonds for the purposes of: (i) financing the costs related to the acquisition, renovation, furnishing, construction, improvement and equipping of an approximately 710-bed, 335,000 SF, undergraduate student housing facility for the benefit of undergraduate students of the University of South Florida (the “University”) and an approximately 150-bed, 160,000 SF, apartment style housing facility serving faculty, staff, employees, and graduate students of the University, and other faculty, staff, and employees of certain affiliates of the University, together with green and recreational spaces and corresponding infrastructure including appropriate surface parking spaces (the “Facilities”), to be a part of a mixed-use community located on approximately 27 acres of the total approximately 138 acres of land located at the northeast corner of E. Fletcher Avenue and N. 46th Street, Tampa, Hillsborough County, Florida; (ii) funding of debt service reserves for the Bonds, if deemed necessary or desirable; (iii) funding of capitalized interest for the Bonds, if deemed necessary or desirable; and (iv) payment of costs of issuing the Bonds, including but not limited to the premium for a new issue of municipal bond insurance policy (items (i) through (iv) collectively, the “Project”). The Facilities will be owned and operated by the Borrower or subject to a qualified management contract as required by the IRC.
The Bonds will be issued by CaPFA under the authority of the Constitution and laws of the State of Florida, and particularly Ordinance No. 214 enacted on September 23, 1993 by the City of Moore Haven, Florida, as amended from time to time, Chapter 159, Part II, Florida Statutes, as amended, and other applicable provisions of law (collectively, the “Act”), and the proceeds thereof are being loaned to the Borrower pursuant to the Act. The Bonds shall be payable solely from the revenues derived by the Borrower from the ownership and operation of the Facilities. Such Bonds and the interest thereon shall not constitute an indebtedness or pledge of the general credit or taxing power of CaPFA, City of Moore Haven, City of Tampa, the State of Florida, or any political subdivision or agency thereof. CaPFA has no taxing power. Issuance of the Bonds is subject to several conditions including satisfactory documentation and receipt of necessary approvals for the financing.
Any persons wishing to express their views on the issuance of the Bonds will be given the opportunity to do so at the public hearing, by accessing the telephone conference as indicated above. Written comments may also be submitted prior to the hearing to CaPFA at ACS Management & Consulting LLC, 121 S. Orange Ave, Suite 1500, Orlando, Florida 32801, directed to the Program Administrator. Comments made at the hearing are for the consideration of the party(ies) providing an approval of the issuance of the Bonds and the proceeds of which will be loaned to the Borrower but will not bind CaPFA or such party(ies) as to any action it may take.
ALL PERSONS FOR OR AGAINST SAID APPROVAL CAN BE HEARD AT SAID TIME AND PLACE. IF A PERSON DECIDES TO APPEAL ANY DECISION MADE BY CaPFA OR OTHER PARTIES WITH RESPECT TO SUCH HEARING OR MEETING (S)HE WILL NEED TO ENSURE THAT A VERBATIM RECORD OF SUCH HEARING OR MEETING IS MADE WHICH RECORD INCLUDES THE TESTIMONY AND EVIDENCE UPON WHICH THE APPEAL IS BASED.
In accordance with the Americans with Disabilities Act, persons needing a special accommodation to participate in this proceeding should contact CaPFA no later than twenty-four (24) hours prior to the date of the hearing at the address given in this notice or by telephone at (407) 717-9707.
By order of CaPFA.
CAPITAL PROJECTS FINANCE AUTHORITY
May 13, 2026 88496