$80 million bonds sought for Benjamin Franklin Charter School projects in Queen Creek

Marisa Acuna colors during the third day of kindergarten in August 2017 at Benjamin Franklin’s Crismon Campus. / Photo by Arianna Grainey / Queen Creek Independent

 

Queen Creek Independent

The Maricopa County Board of Supervisors on Oct. 24 is slated to adopt a resolution approving the proceedings of the Industrial Development Authority for the issuance of $80 million in education revenue bonds to Benjamin Franklin Charter School projects in Queen Creek and Gilbert.

The meeting begins at 9:30 a.m. Wednesday in the Supervisors’ Auditorium, 205 W. Jefferson in Phoenix.

Proceeds of the bonds will be loaned by the issuer to the borrower to finance the cost of acquiring, leasing, constructing, improving and equipping charter-school educational facilities (including all related furniture, fixtures and equipment), according to an IDA document. It includes:

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