TRUE NORTH CLASSICAL ACADEMY

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

Resolution approving issuance by Arizona Industrial Development Authority of revenue bonds not to exceed $40,000,000.00 for True North Classical Academy, Inc. to fund a plan of finance including capital projects located in Miami-Dade County, specifically the charter school educational facilities known as True North Classical Academy at Gateway, located at 6500 SW 97th Ave., Miami, FL 33173. Adopted by the Board of County Commissioners on 7/21/2026. Prime sponsor: Anthony Rodriguez. File number: 261295. Reference: R-604-26. Introduced: 7/13/2026. Final action: 7/21/2026. Agenda date: 7/21/2026. Agenda item number: 5V. The resolution approves the bond issuance for purposes of Section 147(f) of the Internal Revenue Code of 1986, as amended. The bonds are expected to be part of a larger issuance for multiple charter schools in multiple states, with proceeds loaned to Equitable Facilities Fund, Inc. or Equitable School Revolving Fund, LLC, which will finance a loan to True North Classical Academy, Inc. for the acquisition, construction, expansion, remodeling, renovation, improvement, furnishing and/or equipping of the Project, and pay costs of issuing the bonds and closing the loan. The bonds shall not constitute a general obligation, debt or indebtedness of the State of Florida or the County, and shall be payable solely from revenues and other moneys provided by the Borrower.