Notice of Public Hearing Regarding Plan of Finance

NOTICE OF PUBLIC HEARING REGARDING PLAN OF FINANCE INVOLVING THE ISSUANCE OF REVENUE BONDS BY THE PRIVATE COLLEGES AND UNIVERSITIES AUTHORITY FOR THE BENEFIT OF EMORY UNIVERSITY YOU ARE HEREBY NOTIFIED that, pursuant to the provisions of Section 147(f) of the Internal Revenue Code of 1986, as amended (the "Code"), a public hearing (the "Hearing") will be held on the 24th day of July, 2019, at 11:00 a.m., at the law offices of Alston & Bird LLP, One Atlantic Center, 1201 W. Peachtree Street, 49th Floor, Atlanta, GA 30309, regarding a plan of finance (the "Plan of Finance") proposed by Emory University, a Georgia non profit corporation (the "University"), involving the issuance by the Private Colleges and Universities Authority (the "Issuer") of its revenue bonds (the "Bonds") for the benefit of the University to finance or refinance the Facilities as hereinafter defined and to refund certain outstanding indebtedness of the Issuer or the University. The Bonds may be issued by the Issuer pursuant to the Plan of Finance from time to time and in one or more series, in an aggregate principal amount of up to $400,000,000. The proceeds of the Bonds will be loaned to the University for the purpose of (A) financing or refinancing, in whole or in part, the costs of the acquisition, construction, installation, renovation, expansion and/or improvement of (i) certain academic and research buildings; (ii) certain administrative buildings and parking decks; (iii) certain student housing facilities and related parking decks; (iv) certain hospital and health care related facilities, equipment and parking decks; (v) certain alumni, administration, recreation, performing arts, library facilities, student dining, and student centers (vi) certain infrastructure, administrative, utility, telecommunications, roadway, landscape and parking facilities and improvements; (vii) certain physical education facilities; and (viii) certain other projects (such facilities and equipment, the "Facilities"); and (B) refunding certain prior obligations issued by or for the benefit of or assumed by the University or Emory Healthcare, Inc., a Georgia non-profit corporation that is controlled by the University, or an entity which is controlled by the University or Emory Healthcare, Inc., or one of their affiliates, including, but not limited to, the (i) $250,000,000 in original principal amount Emory University Taxable Revenue Bonds, Series 2009A, (ii) $241,470,000 in the original aggregate principal amount of the Private Colleges and Universities Authority Emory University Revenue Bonds, Series 2009B; and (iii) the $97,915,000 in the original aggregate principal amount of the Private Colleges and Universities Authority Emory University Revenue Bonds, Series 2009C. The Facilities (or portions of the Facilities) are or will be located at the following locations: Main Campus The main campus of the University is located in Atlanta, Georgia and generally includes the following area: From the intersection of Oxford Road and North Decatur Road, east along North Decatur Road to Haygood Drive, northwest along Haygood Drive to Andrews Circle at the crossing of Starvine Way and the CSX Railroad, east along the CSX Railroad to Clairmont Road, north along Clairmont Road to the crossing of Clairmont Road and the South Fork of Peachtree Creek, west along the South Fork of Peachtree Creek to Peavine Creek (including the undeveloped area along the creek), south along Peavine Creek to the crossing of Peavine Creek and Oxford Road, and south along Oxford Road back to the intersection of Oxford Road and North Decatur Road. The main campus also includes Wesley Woods Geriatric Hospital located at 1821 Clifton Road. The primary address for the main campus of the University is 201 Dowman Drive, Atlanta, Georgia. The maximum stated principal amount of Bonds to be issued to finance or refinance facilities at this location is $326,923,550. Briarcliff Campus - The University's Briarcliff Campus includes approximately 42 acres located approximately one mile west of the University's main campus; principal buildings include buildings whose address is 1256 and 1260 Briarcliff Road. The maximum stated principal amount of Bonds to be issued to finance facilities at this location is $80,000. Oxford College Campus The Oxford College campus of the University is located in Oxford, Georgia, east of Atlanta, and generally includes the area bordered on the north by Clark Street, on the East by Emory Street, on the west by Stone Street and on the South by Hearn Nature Trail. The main address of the University's Oxford College campus is 100 Hamell Street, Oxford, Georgia. The maximum stated principal amount of Bonds to be issued to finance facilities at this location is $21,227,000. Emory University Hospital Midtown Emory Hospital Midtown is located at (1) 550 Peachtree Street, N.E., Atlanta, Georgia, (2) 505 Peachtree Street N.E., Atlanta, Georgia, (3) 511 Peachtree Street, N.E. Atlanta Georgia, (3) 560 Peachtree Street N.E., Atlanta, Georgia (4) 565 and 575 West Peachtree Street N.W., Atlanta, Georgia, and (5) 530 West Peachtree Street N.W., Atlanta, Georgia. The maximum stated principal amount of Bonds to be issued to finance facilities at this location is $35,423,550. Emory University Orthopedics and Spine Hospital The Emory University Orthopedics and Spine Hospital is located at 1455 and 1459 Montreal Drive, Tucker, Georgia. The maximum stated principal amount of Bonds to be issued to finance facilities at this location is $10,176,000. Emory University Hospital Smyrna The Emory University Hospital Smyrna (EUHS) campus is located in Smyrna, Cobb County, Georgia and includes approximately 12.7 acres of land and three buildings along South Cobb Drive SE. The buildings include 3903, 3949 and 3969 South Cobb Drive SE. The maximum stated principal amount of Bonds to be issued to finance facilities at this location is $60,000. Emory Research Building Emory Research building located at 2409 Taylor Lane, Lawrenceville, GA. The maximum stated principal amount of Bonds to be issued to finance facilities at this location is $2,856,000. The Emory Clinic, Inc. The addresses of those portions of the Facilities located or to be located at various sites of The Emory Clinic, Inc. are as follows: (1) Executive Park Building 59, Atlanta, Georgia (the maximum stated principal amount of Bonds to be issued to finance facilities at this location is $2,402,000); (2) 101 West Ponce De Leon Avenue, N.E., Decatur, Georgia (the maximum stated principal amount of Bonds to be issued to finance facilities at this location is $250,000); (3) 4245 Pleasant Hill Road, Duluth, Georgia (the maximum stated principal amount of Bonds to be issued to finance facilities at this location is $152,000); (4) 401 Permian Way, Villa Rica, Georgia (the maximum stated principal amount of Bonds to be issued to finance facilities at this location is $74,000); (5) 1776 Old Spring House Lane, Dunwoody, Georgia (the maximum stated principal amount of Bonds to be issued to finance facilities at this location is $53,700); (6) 137 Johnson Ferry Road, Marietta, Georgia (the maximum stated principal amount of Bonds to be issued to finance facilities at this location is $64,000); (7) 2165 North Decatur Road, Decatur, Georgia (the maximum stated principal amount of Bonds to be issued to finance facilities at this location is $62,200); (8) 1670 Clairmont Road, Decatur, Georgia (the maximum stated principal amount of Bonds to be issued to finance facilities at this location is $45,000); (9) 2801 North Decatur Road, Decatur, Georgia (the maximum stated principal amount of Bonds to be issued to finance facilities at this location is $45,000); (10) 4555 North Shallowford Road, Dunwoody, Georgia (the maximum stated principal amount of Bonds to be issued to finance facilities at this location is $45,000); (11) 80 Butler Street, SE, Atlanta, Georgia (the maximum stated principal amount of Bonds to be issued to finance facilities at this location is $35,000); (12) 4153 Flat Shoals Parkway, Decatur, Georgia (the maximum stated principal amount of Bonds to be issued to finance facilities at this location is $13,000); and (13) 1845 Satellite Blvd, NW, Duluth, Georgia (the maximum stated principal amount of Bonds to be issued to finance facilities at this location is $13,000). The owner or operator of the Facilities financed or refinanced by the Bonds is or will be the University or Emory Healthcare, Inc., or an entity which is controlled by the University or Emory Healthcare, Inc. or one of their affiliates. The Bonds will not constitute an indebtedness or general obligation of the Issuer or the State of Georgia or any political subdivision thereof, but will be payable solely from amounts paid to the Issuer by the University pursuant to one or more loan agreements to be entered into between the Issuer and the University and not from any other fund or source. Any person interested in the proposed issuance of the Bonds or the nature or locations of the Facilities financed or refinanced by the Bonds may appear at the Hearing and be heard or may submit their views in writing. Written comments should be submitted to the Private Colleges and Universities Authority, c/o Alston & Bird LLP, 1201 West Peachtree Street, Atlanta, Georgia 30309-3424, Attention: Amber Pelot and should be mailed in sufficient time to be received before the date of the Hearing. The Issuer will not conduct any performance audit or performance review with respect to the Bonds as such terms are described in Section 36-82-100, Official Code of Georgia Annotated. PRIVATE COLLEGES AND UNIVERSITIES AUTHORITY 7-11/2019