Notice of Public Hearing
The City of Sanford, Maine (the “Municipality”) and York County Community Action Corporation (the “Agency”) previously submitted an application to the Finance Authority of Maine (the “Authority”) pursuant to 10 MRS §1063, requesting a Certificate of Approval with respect to the proposed issuance of Revenue Obligation Securities by the City of Sanford, Maine for the Original Project (defined below). The Authority approved the application and issued a Certificate of Approval dated May 30, 2023 and the Municipality issued the Securities for the Original Project on August 2, 2023. The Municipality and the Agency have now requested that the Authority issue an amended Certificate of Approval to modify the Original Project to include the Additional Improvements (defined below, and together with the Original Project, the “Amended Project”).
Notice is hereby given that the Authority will hold a public hearing on the proposed amended Certificate of Approval as follows:
BOND ISSUER:
PROJECT OWNER / USER:
PROJECT LOCATION:
DESCRIPTION OF AMENDED PROJECT:
City of Sanford, Maine
York County Community Action Corporation
6 Spruce St., Sanford, Maine 04073
Bond proceeds will be loaned to the Agency and used for the following purposes:
Original Project:
To refinance an existing bond issued by the City of Sanford in 2013, which in turn had refinanced a prior 2000 FAME bond issued to construct the Agency’s current building at 6 Spruce St, Sanford, Maine, and (ii) to finance energy efficiency upgrades to the building (i.e, insulation, energy efficient lighting, and HVAC updates), and
Additional Improvements:
To convert a portion of the existing facility at the Agency’s current building located at 6 Spruce St, Sanford, Maine to office space.
MAXIMUM AMOUNT OF REVENUE OBLIGATIONS SECURITIES TO BE ISSUED BY THE MUNICIPALITY TO PROVIDE FINANCING FOR THE AMENDED PROJECT: $1,110,000; MAXIMUM AMOUNT OF PROCEEDS TO BE ALLOCATED TO ADDITIONAL PROJECT IMPROVEMENTS: $350,000
The Authority will conduct a public hearing at 2 Portland Fish Pier (Marine Trade Center), Suite 204, Portland, Maine, on January 11, 2024 at 10:00 A.M., in order to receive comments on and to consider the application for the Certificate of Approval. Prior to issuing the amended Certificate of Approval, the Authority must make certain findings, including a finding under 10 MRS §1063(2)(B) that the Amended Project will not result in substantial detriment to existing businesses. Opponents of the Amended Project are entitled to appear at the hearing and object to issuance of the amended Certificate of Approval on the grounds that the Amended Project is likely to cause substantial detriment. Any person or competitor who wishes to make an oral or written statement at the hearing should provide the Authority with written notice summarizing the statement and stating the person’s or competitor’s name, address and telephone number. The written notice should be received at the Authority on or before January 10, 2024, and should be sent to:
Finance Authority of Maine
Attn: Christopher H. Roney, General Counsel
5 Community Drive
P.O. Box 949
Augusta, Maine 04332-0949
(207) 623-3263
The hearing may be continued to a subsequent date and time without further notice other than to those who have entered objections or requests for notification of the hearing.
