A TEFRA hearing will take place on Monday, October 28th at 7:00 p.m. (or after the conclusion of the Planning & Development Committee meeting) in the James C. Lytle Council Chambers.  Materials for this hearing can be found in the City Council packet at www.cityofevanston.org/citycouncil.

The proposal to issue City of Evanston Revenue Bonds, Series 2019A (Chiaravalle Montessori School) in two series of bonds, the Series 2019A Bonds in a maximum stated principal amount not to exceed $3,925,000 and the Series 2019B Bonds in a maximum stated principal amount not to exceed $3,735,000 (together, the “Bonds”) and loan the proceeds thereof to Chiaravalle Montessori School, a not for profit corporation (the “Corporation”) to:  (i) refund the City of Evanston’s (the “City’s”) outstanding Revenue Refunding Bonds, Series 2014A (Chiaravalle Montessori School) (the “2014A Bonds”) and Revenue Bonds, Series 2014B (Chiaravalle Montessori School) (the “2014B Bonds,” and together with the 2014A Bonds, the “Prior Bonds”), (ii) finance, refinance or reimburse the Corporation for the cost of renovation, exterior and interior expansion, improvement and equipping of the Corporation’s private early education and elementary school located at 425 Dempster Street, Evanston, Illinois 60201 (the “School Facility”), (iii) fund certain working capital if determined to be in the best interest of the Corporation, and (iv) pay certain costs incurred in connection with the issuance of the Bonds and the refunding of the Prior Bonds.