TRUE NORTH CLASSICAL ACADEMY

Board of County Commissioners · 2026-07-21 · resolution

Miami-Dade County is considering the approval of revenue bonds not to exceed $40,000,000.00 for the benefit of True North Classical Academy, Inc. The purpose of these bonds is to fund capital projects, including the acquisition, construction, expansion, remodeling, renovation, improvement, furnishing, and/or equipping of educational facilities for True North Classical Academy at Gateway. The Arizona Industrial Development Authority will issue the bonds, and the proceeds will be loaned to Equitable Facilities Fund, Inc. or its affiliate, which will then loan the funds to True North Classical Academy, Inc. This approval is required for federal tax purposes under Section 147(f) of the Internal Revenue Code. The matter is currently in draft status, pending BCC assignment, with an agenda date of July 21, 2026.