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THURSDAY, FEBRUARY 18, 2021

THE CITY RECORD

expenses associated with the issuance of the Bonds. The Owned Facility will be owned by the Foundationand leased to and operated by ICS as the Richmond school. The Leased Facilities are to be leased to Foundationand subleased and operated by ICS as the Lavelle, New Ventures, Nicotra,and Richmond temporarily schools. Address: 2245
Richmond Avenue, Staten Island NY 10314. Type of Benefits:
Tax-exempt bond financing and exemption from City and State mortgage recording taxes. Total Project Cost: $33,500,000.
Projected Jobs: 1 full-time-equivalent jobs retained; 73 full-timeequivalent jobs created. Hourly Wage Average and Range: $38.25/
hour, estimated range of $20.00/hour to $60.00/hour.
Borrower Name: KIPP New York, Inc., KIPP, a Delaware corporation and a charter school support corporation, exempt from federal taxation, pursuant to Section 501c3 of the Internal Revenue Code of 1986, as amended the Code, and its affiliated entities: KIPP
NYC Public Charter Schools, a New York not-for-profit education corporation KIPP NYC, operating a network of charter schools in New York City, KIPP NYC Properties, LLC, a Delaware limited liability company KIPP NYC Properties and the sole member of each of Macombs 1504, LLC Macombs LLC, Jerome 2720, LLC Jerome LLC and Gerard 501, LLC Gerard LLC, each of which is a Delaware limited liability company. Financing Amount: $260,000,000
in tax-exempt revenue bonds in respect of the projects described in clauses 1 and 2 below and $20,000,000 in taxable revenue bonds in respect to the projects described in clauses 1, 2 and 3 below collectively, the Bonds. Project Description: Proceeds from the Bonds, the tax-exempt portion of which are to be issued as qualified 501c3 bonds under Section 145 of the Code, together with other funds contributed by KIPP and/or its affiliates, will be used, as part of a plan of financing, to finance and refinance the costs of: 1 the acquisition of two parcels of land and the demolition of the existing structures thereon and the construction, furnishing and equipping of a new 96,000 square foot facility on a 24,656 square foot parcel of land, located at 1504 and 1518 Macombs Road, Bronx, NY the Macombs Facility, utilizing $132,000,000 of tax-exempt bond proceeds, which Macombs Facility is owned by Macombs LLC, will be leased by Macombs LLC to KIPP NYC for use as a charter school serving approximately 950 students in Kindergarten through Grade 8, and will be operated by KIPP under a management agreement with KIPP NYC;
2 the acquisition of a parcel of land and the demolition of the existing structures thereon and the construction, furnishing and equipping of a new 96,000 square foot facility on a 22,000 square foot parcel of land, located at 2720 Jerome Avenue, Bronx, NY the Jerome Facility, utilizing $128,000,000 of tax-exempt bond proceeds, which Jerome Facility is owned by Jerome LLC, will be leased by Jerome LLC to KIPP NYC for use as a charter school serving approximately 950
students in Kindergarten through Grade 8, and will be operated by KIPP under a management agreement with KIPP NYC; 3 the renovation, furnishing and equipping of a leased 67,000 square foot 6-story facility on a 13,546 square foot parcel of land, located at 501
Gerard Avenue and 110 East 149th Street, Bronx, NY the Gerard Facility, utilizing $15,500,000 of taxable bond proceeds, which Gerard Facility will be leased to Gerard LLC, will be subleased by Gerard LLC
to KIPP NYC for use as a charter school serving approximately 1,000
students in varying grades from Kindergarten through Grade 12, and will be operated by KIPP under a management agreement with KIPP
NYC; 4 funding capitalized interest, other capitalizable costs and one or more debt service reserve funds; and 5 paying for certain costs related to the issuance of the Bonds. PCS Properties Foundation, Inc., a Delaware not-for-profit corporation, has applied to the Internal Revenue Service the IRS for recognition of its status as an organization described in Section 501c3 of the Code, and is expected to replace KIPP NYC Properties as the sole member of each of Macombs LLC, Jerome LLC and Gerard LLC in the event that it is recognized by the IRS as an organization described in Section 501c3
of the Code. Addresses: 1504 and 1518 Macombs Road, Bronx, NY
10452; 2720 Jerome Avenue, Bronx, NY 10468; and 501 Gerard Avenue and 110 East 149th Street, Bronx, NY 10451.Type of Benefits:
Tax-exempt and taxable bond financing and exemption from City and State mortgage recording taxes. Total Project Cost: $280,000,000.
Projected Jobs: 139 full time equivalent jobs retained; 175 full time equivalent jobs created. Hourly Wage Average and Range: $47.68/
hour, estimated range of $30.00/hour to $67.19/hour.
Borrower Name: Marymount School of New York School, a New York not-for-profit education corporation exempt from federal taxation, pursuant to Section 501c3 of the Internal Revenue Code of 1986, as amended, as borrower. Financing Amount: $80,000,000 in taxexempt revenue bonds the Bonds. Project Description: Proceeds from the Bonds, which are to be issued as qualified 501c3 bonds, together with other funds contributed by the School, will be used, as part of a plan of financing, to: 1 refinance all or a portion of the Build NYC Resource Corporation Revenue Bonds Marymount School of New York Project, Series 2012A, currently outstanding in the aggregate principal amount of $10,000,000, the proceeds of which were applied to:
a refinance tax-exempt debt incurred by the School to acquire, renovate and improve a 15,325 square foot building, located at 2 East 82nd Street, New York the 82nd Street Facility, and b refinance the costs of acquiring five adjacent vacant parcels of land, located at 115

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and 117 East 97th Street and 122, 118 and 116 East 98th Street, New York, NY 10029, which have been combined and have a single address at 115 East 97th Street the East 97th Street Site, and together with the 82nd Street Facility, the Existing Facilities; 2 finance the construction, furnishing and equipping of a 155,531 square foot building the New Facility, which will be located on the 15,137
square foot East 97th Street Site and which will include classrooms, laboratories, library, performing arts center and auditorium, fitness and wellness center, a music room, kitchen and dining areas and administrative offices; 3 fund capitalized interest; and 4 pay for certain costs related to the issuance of the Bonds. The Existing Facilities are used to provide educational services to students of the School and to allow for the Schools future expansion. As part of the Schools plan of consolidation, the 82nd Street Facility will be sold and its services transferred to another facility owned by the School upon completion of the New Facility, which will be used by School to serve students from Grades 6 through 12. Address: 115 East 97th Street, New York, NY 10029. Type of Benefits: Tax-exempt bond financing and exemption from City and State mortgage recording taxes. Total Project Cost: $140,450,000. Projected Jobs: 84.5 full time equivalent jobs retained. Hourly Wage Average and Range: $45.20/
hour, estimated range of $16.50/hour to $48.60/hour.
Borrower Name: Saint Anns School the School, a New York not-for-profit educational corporation exempt from federal taxation, pursuant to Section 501c3 of the Internal Revenue Code of 1986, as amended, as borrower. Financing Amount: $40,000,000 in taxexempt bonds to be issued as qualified 501c3 bonds. Project Description: Proceeds of the Bonds, together with other funds available to the School, will be used to: i refinance the outstanding balance of a 2015 Tax-Exempt Revenue Note St. Anns School Project issued by Build NYC Resource Corporation in the aggregate principal amount of up to $28,900,000, the proceeds of which were used by the School to: 1 finance the renovation, expansion, furnishing and equipping of three buildings: a a 116,863 square foot seven-level building located on a 8,121 square foot parcel of land, located at 129
Pierrepont Street, Brooklyn, NY 129 Pierrepont, b a 10,275 square foot five-level building located on a 2,500 square foot parcel of land, located at 124 Pierrepont Street, Brooklyn, NY 124 Pierrepont and c a 8,325 square foot five-level building located on a 2,500 square foot parcel of land, located at 122 Pierrepont Street, Brooklyn, NY 122
Pierrepont; the tax lots for 122 Pierrepont and 124 Pierrepont were subsequently merged and are now all part of 124 Pierrepont and the reference below to 124 Pierrepont includes the combined building and parcel of land; and 2 pay for certain costs associated with the issuance of the bonds; ii finance the acquisition of a 5,000 square foot, five-level building located on a 2,500 square foot parcel of land, located at 116 Pierrepont Street, Brooklyn 11201 116 Pierrepont; iii finance necessary renovations, repairs and upgrades to three buildings:
a 129 Pierrepont, b 124 Pierrepont, c a 27,680 square foot 6-level building located on a 3,979 square foot parcel of land, located at 153
Pierrepont Street, Brooklyn, NY 153 Pierrepont; and iv pay for certain costs related to the issuance of the Bonds i, ii, iii, and iv collectively, the Project. All of the facilities that are part of the Project are owned and operated by the School as part of a coeducational private school for students from Kindergarten through Grade 12. Addresses: 116, 122, 124, 129 and 153 Pierrepont Street, Brooklyn, NY 11201. Type of Benefits: Tax-exempt bond financing and exemption from City and State mortgage recording taxes. Total Project Cost: $40,000,000. Projected Jobs: 232 full time equivalent jobs currently, 0 new full time equivalent jobs projected. Hourly Wage Average and Range: $43.29/hour, estimated range of $15/hour to $68.14/hour.

For any updates to project information after the date of this notice, please visit the website of New York City Economic Development Corporation NYCEDC, at https edc.nyc/buildnyc-project-info.

The Corporation is committed to ensuring meaningful access to its programs. If you require any accommodation for language access, including sign language, please contact NYCEDCs Equal Access Officer, at 212 312-3602 or at EqualAccess@edc.nyc.

Pursuant to Executive Order 202.1 extended by Executive Order by 202.55 and subsequently further extended by Executive Order 202.60, Executive Order 202.73, Executive Order 202.79 and Executive Order 202.91 issued by the Governor of the State of New York, the Corporation will hold a hearing remotely by conference call on the proposed financings and transactions set forth above, commencing at 10:00 A.M. on Thursday, March 4TH, 2021. Interested members of the public are invited to participate in the conference call for the public hearing by dialing 877 853-5247 Toll Free or 888 788-0099 Toll Free and entering the following Meeting ID: 968 8097 9610 followed by Participant Code: 635386. The hearing will also be accessible as a free-to-join webinar accessible through the world wide web address:
https nycedc.zoom.us/j/96880979610?pwd=Z3JzbEg4NTlreGhjZGtQW
nZKYnN6Zz09 and entering the password: 635386.

Once on the conference call or Zoom webinar, members of the public will be given an opportunity to make a brief statement regarding