John Adams Academy Selects the CMFA as Issuer of a $19,500,000 Bond Financing
The proceeds of the Series 2018 Bonds will be used for (i) the acquisition of an approximately 1.4-acre site located in the unincorporated territory of County of El Dorado and the existing improvements thereon, including an approximately 80,000 square-foot building and the improvement of the site and the building and the acquisition and installation of fixtures, furniture and equipment for public charter school use; (ii) capitalized interest, if necessary, with respect to the Bonds; (iii) a reserve fund, if necessary, with respect to the Bonds; and (iv) certain expenses incurred in connection with the issuance of the Bonds, including any applicable credit enhancement costs for the Bonds.