NOTICE OF MEETING AND PUBLIC HEARINGS
THE HEALTH AND EDUCATIONAL FACILITIES BOARD OF THE METROPOLITAN GOVERNMENT OF NASHVILLE AND DAVIDSON COUNTY, TENNESSEE (the "Board"), will meet in public session at 11:00 a.m. local time, on Monday, June 8, 2026 in Metropolitan County Council Committee Room No. 2, 2nd Floor, in the Metropolitan Courthouse, 1 Public Square, Nashville, Tennessee, for the purpose of considering and transacting all business which may properly come before the Board, such business to include, but not necessarily be limited to, the following:
1. Pursuant to Section 8-44-112 of the Tennessee Code Annotated, the Board holds a designated public comment period at each meeting. Members of the public in attendance may provide comments to the Board during such designated time. No advance registration is required.
2. The request of 120 W Due W, LP, a Tennessee limited partnership, for preliminary approval of the issuance of multifamily housing revenue bonds, in one or more series (the "120 W Due West Bonds"), in an amount not to exceed $35,000,000, the proceeds of the sale thereof to be loaned to 120 W Due W, LP, to finance the acquisition, construction, and equipping of an approximately 200 unit multifamily housing facility to be located at or near 120 W Due West Avenue, Madison, Davidson County, Tennessee 37115 (the "120 W Due West Project"). 120 W Due W, LP, will be the owner and operator of the 120 W Due West Project to be financed with the proceeds of the 120 W Due West Bonds.
3. Authorizing all documents and matters necessary or desirable in connection with the amendment in connection with the conversion to permanent financing of the Board's not to exceed $41,561,000 Multifamily Housing Revenue Bonds (HV Land Co. Apartments), Series 2022 (the "McCrory Bonds"), the proceeds of the sale thereof which were loaned to HV Land Co, LP, a Tennessee limited partnership, to finance the acquisition, construction and equipping of an approximately 251 unit multifamily housing facility located at 8121 McCrory Lane, Nashville, Davidson County, Tennessee 37221 ("McCrory Flats"). HV Land Co, LP, is the owner and operator of McCrory Flats financed with the proceeds of the McCrory Bonds.
4. Authorizing all documents and matters necessary or desirable in connection with the Board's issuance of Educational Facilities Revenue Bonds (The Vanderbilt University), Series 2026, in one or more series (the "Vanderbilt Bonds") in the original principal amount of not to exceed $430,000,000. The Vanderbilt Bonds will be qualified 501(c)(3) bonds, as defined in Section 145 of the Internal Revenue Code of 1986, the proceeds of the sale of which will be used to make one or more loans to The Vanderbilt University, a Tennessee nonprofit corporation, ("Vanderbilt University") for the purposes of (i) financing the hereinafter described Vanderbilt Projects and (ii) paying expenses incurred in connection with the issuance of the Vanderbilt Bonds. Additionally, the Board will consider approval of amendments to Vanderbilt University's tax-exempt commercial paper program to increase the maximum principal amount of notes that may be issued thereunder, in one or more series, to $700,000,000 (the "Vanderbilt Notes"), the proceeds of which will be loaned to Vanderbilt University for the purposes of (1) financing the hereinafter described Vanderbilt Projects and (2) paying expenses incurred in connection with the issuance of the Vanderbilt Notes. The Vanderbilt Bonds and the Vanderbilt Notes will be issued as part of Vanderbilt University's plan of finance (the "Vanderbilt Plan of Finance") pursuant to which it plans to borrow up to $1,130,000,000 over a three-year period, subject to final approval by the Vanderbilt University Board of Trust, through the issuance of tax-exempt obligations, in one or more series, constituting "qualified 501(c)(3) bonds" as defined in Section 145 of the Internal Revenue Code of 1986 (the "Vanderbilt Plan of Finance Obligations"). Vanderbilt University will use the proceeds of the Vanderbilt Plan of Finance Obligations to (a) finance the acquisition, construction, renovation and equipping of various educational, administrative, athletic, parking, student housing, auxiliary and other facilities that are or will be owned and operated by Vanderbilt University (the "Vanderbilt Projects"); and (b) pay certain costs of issuance of the Vanderbilt Plan of Finance Obligations. All of the proceeds of the Vanderbilt Plan of Finance Obligations will be used for Vanderbilt Projects that will be located within the bounds of 16th Avenue on the East; Church Street / Elliston Place / Centennial Park / Poston Avenue on the North; 31st Avenue S. on the West; and Blakemore Avenue / Wedgewood Avenue to the South. Vanderbilt University does not own all of the property within these bounds; rather this is meant to generally identify the location of the Vanderbilt Projects for purposes of complying with Section 147(f) of the Internal Revenue Code of 1986, as amended.
5. Authorizing all documents and matters necessary or desirable in connection with the issuance of those certain not to exceed $133,000,000 Educational Facilities Revenue Bonds (Belmont University), Series 2026 (the "Belmont Bonds") constituting "qualified 501(c)(3) bonds" as defined in Section 145 of the Internal Revenue Code of 1986, as amended, the proceeds of which will be loaned to Belmont University ("Belmont University"), a Tennessee nonprofit corporation and 501(c)(3) organization, for the purposes of (a)(i) financing and refinancing the expansion and construction of an approximately six story academic building for the Mike Curb College of Entertainment and Music Business, including an underground parking garage with approximately 173 parking spaces, and all related facilities to be located on the Belmont University campus at or near 15 Music Circle South, Nashville, Davidson County, Tennessee 37212; (ii) financing and refinancing the renovation of the historic powerhouse building and construction of an approximately three story building for an interdisciplinary creative center, including a performance venue, and all related facilities to be located on the Belmont University campus at or near at 1819 E. Belmont Circle, Nashville, Davidson County, Tennessee 37212; and (iii) financing the renovation and construction of other related campus facilities, including, without limitation, capital costs related to implementation of Belmont University's enterprise resource planning system, to be located on the Belmont University campus at or near 1900 Belmont Boulevard, Nashville, Davidson County, Tennessee 37212 (collectively, the "Belmont Projects"); (b) funding capitalized interest; and (c) paying certain expenses incurred in connection with the issuance of the Belmont Bonds. Belmont University will be the owner and operator of the Belmont Projects to be financed with the proceeds of the Belmont Bonds.
6. Authorizing all documents and matters necessary or desirable in connection with the issuance of not to exceed $45,720,813 in the total aggregate principal amount of those certain Multifamily Housing Revenue Notes (Madison Station Apartments) Series 2026A-1, Multifamily Housing Revenue Notes (Madison Station Apartments) 2026A-2, and Subordinate Multifamily Housing Revenue Bonds (Madison Station Apartments), Series 2026B, the proceeds of the sale thereof to be loaned to Madison Station Phase 1, LP, a Tennessee limited partnership, to finance the acquisition, construction and equipping of an approximately 211 unit multifamily housing facility to be located at or near 721 Madison Square, Madison, Davidson County, Tennessee 37115.
7. Authorizing all documents and matters necessary or desirable in connection with the issuance of those certain not to exceed $21,171,000 Multifamily Housing Revenue Bonds (Skyline Heights), Series 2026 (the "Skyline Heights Bonds"), the proceeds of the sale thereof to be loaned to 927 Skyline Ridge Drive, LP, a Tennessee limited partnership, to finance the acquisition, construction and equipping of an approximately 280 unit multifamily housing facility to be located at or near 927 Skyline Ridge Drive, Madison, Davidson County, Tennessee 37115 (the "Skyline Heights Project"). 927 Skyline Ridge Drive, LP, will be the owner and operator of the Skyline Heights Project to be financed with the proceeds of the Skyline Heights Bonds.
Public hearings (pursuant to Section 147(f) of the Internal Revenue Code of 1986, as amended) will be held at the above scheduled meeting by the Board in connection with (i) the issuance of the 120 W Due West Bonds and the location and nature of the 120 W Due West Project to be financed with the 120 W Due West Bonds, (ii) the amendment of the McCrory Bonds and the location and nature of McCrory Flats financed with the McCrory Bonds, (iii) the Vanderbilt Plan of Finance and the location and nature of the Vanderbilt Projects to be financed with the Vanderbilt Plan of Finance Obligations, (iv) the issuance of the Belmont Bonds and the location and nature of the Belmont Projects to be financed with the Belmont Bonds, and (v) the issuance of the Skyline Heights Bonds and the location and nature of the Skyline Heights Project to be financed with the Skyline Heights Bonds. At such public hearings there will be an opportunity for persons to express their views concerning the foregoing. Anyone may speak at such public hearings or submit written comments to be considered thereat. Persons wishing to participate should submit a written request to speak to Cynthia M. Barnett, counsel to the Board, at the below address at least 24 hours prior to the public hearings.
Additional information concerning the above may be obtained from Ms. Cynthia M. Barnett, Adams and Reese LLP, 1600 West End Avenue, Suite 1400, Nashville, Tennessee 37203, email cindy.barnett@arlaw.com, telephone number (615) 259-1454.
If any accommodations are needed for individuals with disabilities who wish to be present at this meeting, please request the accommodation through hubNashville at https://nashville.gov/hub-ADA-boards or by calling (615)862-5000. Requests should be made as soon as possible, but 72 hours prior to the scheduled meeting is recommended.
Becky Sharpe, Chair
June 1 2026
LOKR0526785