Notice of Public Hearing
NOTICE OF PUBLIC HEARING
NOTICE IS HEREBY GIVEN that on June 9, 2026, a public hearing as required by Section 147(f) of the Internal Revenue Code of 1986 will be held with respect to the proposed plan of finance providing for the issuance by the California Public Finance Authority (the "Authority") of its educational facility revenue bonds in one or more series in an amount not to exceed $55,000,000 (the "Bonds") on behalf of Mana 7 Riverside LLC (the "Borrower"), a California limited liability company, the sole member of which is Mana 7 Charities, a Utah nonprofit corporation and an organization described in Section 501(c)(3) of the Internal Revenue Code of 1986 (the "Code"). The proceeds of the Bonds will be used to: (1) finance and/or refinance the acquisition, construction, installation, improvement, furnishing and equipping of certain educational facilities, including (a) educational facilities located at or adjacent to 50930 Calhoun Street, Coachella, California 92236 and known generally as Imagine Schools Riverside County, and (b) educational facilities located at or adjacent to 42655 Florida Avenue, Hemet, California 92544 and known generally as Imagine Schools Hemet (collectively, the "Facilities"); (2) pay costs of issuance of the Bonds; and (3) fund all or a portion of a debt service reserve fund deposit, capitalized interest, and related working capital (collectively, the "Project"). The Facilities are to be owned by the Borrower, leased to Imagine Schools Riverside County (the "Lessee"), a California nonprofit public benefit corporation and an organization described in Section 501(c)(3) of the Code, and operated as a public charter school.
The Bonds and the obligation to pay principal of and interest thereon and any redemption premium with respect thereto do not constitute indebtedness or an obligation of the County of Riverside, the Authority, the State of California or any political subdivision thereof, within the meaning of any constitutional or statutory debt limitation, or a charge against the general credit or taxing powers of any of them. The Bonds shall be a limited obligation of the Authority, payable solely from certain revenues duly pledged therefor and generally representing amounts paid by the Borrower and the Lessee. The Bonds will be issued as "qualified 501(c)(3) bonds" under Section 145 of the Code.
The hearing will commence at 9:30 a.m. or as soon thereafter as the matter can be heard, in the County of Riverside Board Chambers, 4080 Lemon Street, First Floor, Riverside, California 92501. Interested persons wishing to express their views on the issuance of the Bonds or on the nature and location of the Facilities proposed to be financed and refinanced may attend the public hearing or, prior to the time of the hearing, submit written comments. Additional information concerning the above matter may be obtained from, and written comments should be addressed to: County of Riverside, Clerk of the Board of Supervisors, 4080 Lemon Street, 1st Floor, Riverside California 92501, (951) 955-1069, Email: cob@rivco.org, or may be submitted at https://www.rivcocob.org/web-comments.
Accommodations under the Americans with Disabilities Act are available upon request. Requests must be made at least 72 hours prior to meeting. Later requests will be accommodated to the extent feasible. Please call the Clerk of the Board of Supervisors office at (951) 955-1069, from 8:00 a.m. to 5:00 p.m., Monday through Friday.
Dated: June 1, 2026
June 1 2026
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