Pursuant to 10 MRS §1063, the Finance Authority of Maine (the “Authority”) will hold a public hearing on October 25, 2024 at 10:00 A.M. at 2 Portland Fish Pier (Marine Trade Center), Suite 204, Portland, Maine, on an application for an amended Certificate of Approval to be issued with respect to issuance by the Town of Cumberland, Maine (the “Issuer”) of refunding revenue bonds (the “Refunding Revenue Bonds”) to refinance and refund the currently outstanding principal of the Issuer’s $2,160,000 Town of Cumberland, Maine, Revenue Bonds (Friends School of Portland Project, Series 2014) (the “2014 Bonds”).

BOND ISSUER: Town of Cumberland, Maine

PROJECT OWNER / USER: Friends School of Portland (“FSP”)

PROJECT LOCATION: 11 Route 1, Cumberland, Maine

PROJECT DESCRIPTION: Proceeds of the Refunding Revenue Bonds will be loaned to FSP and used to refinance and refund the currently outstanding principal of the 2014 Bonds, issued to design, build and equip FSP’s current preschool – 8th grade school and campus.

MAXIMUM AMOUNT OF REVENUE OBLIGATIONS SECURITIES TO BE ISSUED BY THE MUNICIPALITY TO REFINANCE AND REFUND THE ORIGINAL BONDS: $1,700,000

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 Project and issuance of the Refunding Revenue Bonds will not result in substantial detriment to existing businesses.

All persons who desire to be heard on the proposed amended Certificate of Approval are invited to attend and speak at the public hearing. Any person or competitor who wishes to make an oral or written statement at the hearing should provide notice to the Authority on or before October 22, 2024. The notice 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.