The CMFA issues $29,152,000 in Bonds to the J. Craig Venter Institute located in San Diego, California
The J. Craig Venter Institute (“JCVI”) is a non-profit genomics research institute founded by J. Craig Venter, Ph.D. in October 2006. JCVI is one of the largest independent, not-for-profit research institutes in the United States. The institute employs approximately 310 scientists and staff located in Rockville, Maryland and San Diego, California. The main campus, located in Rockville, is comprised of two buildings with 162,000 square feet of space and approximately 255 staff with laboratories devoted to a variety of genomic research programs. The current San Diego facility houses approximately 55 scientists and staff focused mostly on human, synthetic and environmental genomic research.
The Authority issued revenue bonds for the purpose of refinancing the Project which consists of research facilities and facilities related and appurtenant thereto, including a 45,000 gross square foot, three story research building, including: (1) laboratory space; (2) conference facilities; (3) research and administrative offices; (4) interaction spaces; and (5) parking, all owned and operated by and for the benefit of the Borrower on a site owned by The Regents of the University of California.