NOTICE OF PUBLIC HEARING
Published on November 26, 2025
NOTICE IS HEREBY GIVEN that a public hearing will be held by the Town of Addison, Texas (the “Town”), on December 9, 2025, at a meeting starting at 7:30 p.m. local time (CT), or as soon thereafter as the matter can be heard, at the hearing address set forth below, regarding the proposed issuance by the Public Finance Authority (the “Issuer”) of its revenue bonds in one or more series from time to time pursuant to a plan of financing, in an amount to be issued with respect to the Project described below of not to exceed $95,000,000 (the “Bonds”). The public hearing is required by Section 147(f) of Internal Revenue Code of 1986, as amended (the “Code”). The Project, the owner of the Project, the initial occupant of the Project, the Borrower of the proceeds of the Bonds, and the location of the Project are further described below:
A. Airport Owner: Town of Addison, Texas
B. Initial Occupant/Borrower: Addison Hangars LLC, a Delaware limited liability company or, another authorized affiliate of Sky Harbour Capital LLC
C. Description of Project: This project includes the development of a general aviation and aircraft storage facility at Addison Airport in Addison, Texas (“ADS”), comprising four hangars aggregating approximately 86,600 square feet, including approximately 21,720 square feet of related office space for aviation use, and adjacent vehicle access, parking and landscape/hardscape improvements.
D. Project Location: 4505 Claire Chennault, Addison, Dallas County, Texas 75001.
E. Maximum amount of Bonds to be issued with respect to the Project: $95,000,000.
The Bonds, including the principal of (premium, if any) and interest thereon, do not constitute a debt or a loan of credit or a pledge of the full faith and credit or taxing power of the Issuer, the Town, the State of Texas, or any political subdivision thereof, within the meaning of any State Constitutional provision or statutory limitation and shall never constitute or give rise to a pecuniary liability of the Issuer, the Town, the State of Texas, or any political subdivision thereof. The Bonds shall not constitute, directly or indirectly, or contingently obligate or otherwise constitute a general obligation of or a charge against the general credit of the Issuer, the Town, the State of Texas, or any political subdivision thereof, but shall be special limited obligations of the Issuer payable solely from the sources provided for in the proceedings for the issuance of the Bonds. The Issuer has no taxing power.
At the time set for the public hearing, interested persons will be given a reasonable opportunity to express their views, both orally and in writing, on the merits of the Project, the location of the Project, the issuance of the Bonds, the plan of financing, or related matters. Members of the public may attend the hearing in person at the following address: 15600 Addison Road, Addison, TX 75001. Persons wishing to participate should submit a written request to speak to vgarcia@addisontx.gov (Town of Addison City Secretary) or via online by accessing the Town of Addison's Meetings & Agendas webpage (www.AddisonTx.gov/government/Meetings-Agendas) at least 24 hours before the hearing; however, the hearing officer will also provide a time for additional comments at the end of the hearing. Oral remarks may not exceed three minutes in duration. Written comments may be submitted to the Town, on behalf of the Issuer, electronically at vgarcia@addisontx.gov and via physical delivery at the following address: 15600 Addison Road, Addison, TX 75001, Attention: Town of Addison City Secretary, until the time and date of the hearing (subject to the timing limitations of mail delivery).
TOWN OF ADDISON, TEXAS