Massachusetts Development Finance Agency Public Hearing

The Bonds will be issued to provide for the financing and/or refinancing of, and the reimbursement of funds advanced by Glen Urquhart School, Inc. (the “Borrower,” which term includes for purposes of this Notice any parent, subsidiary or other affiliate thereof) with respect to educational facilities owned or to be owned and operated by the Borrower which are or will be located in Beverly, Massachusetts (including without limitation such financing, refinancing or reimbursement of bond reserves, capitalized interest, issuance costs and associated working capital expenditures). In particular, the Bond proceeds will be loaned to the Borrower and used to fund costs of the following project (the “Project”): financing of the demolition of an existing building and construction, equipping and furnishing of a new educational facility located at 74 Hart Street, Beverly, MA, which is owned by the Borrower, which will replace an existing approximately 2,600 square foot building currently used for administrative and storage space with a new approximately 4,000 square foot, one-story educational building that will serve as the primary campus entry building and provide additional classroom and administrative space.

The Bonds, which will constitute qualified 501(c)(3) bonds for charitable purposes, will not constitute a general obligation of, or a pledge of the faith and credit of MassDevelopment or a general obligation of, or a debt or pledge of the faith and credit of the Commonwealth.

Interested persons wishing to express their views on such Project and the proposed issuance of revenue bonds to finance and refinance the costs of such Project will be given the opportunity to do so at the public hearing or may, prior to the time of the public hearing, submit their views in writing to Massachusetts Development Finance Agency, 99 High Street, 11th Floor, Boston, Massachusetts 02110. Persons desiring to participate at the telephonic public hearing must make a written request at least 24 hours prior to the hearing by email to tefrahearinginfo@MassDevelopment.com or by mail to MassDevelopment, 99 High Street, Boston, MA 02110, Attn: TEFRA Hearings.