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www.edufundamerica.com
American	
  Charter	
  
Development,	
  LLC	
  
Financing Schools that Inspire Children
www.edufundamerica.com
American	
  Charter	
  
Development,	
  LLC	
  
SCHOOLS AND EB-5
PERFECT!
Project Overview
Champs at Wellington and the Education Fund of America offer EB-5 investors a unique opportunity to invest in a government
funded privately managed public charter school. Public charter schools have proven countless times their ability to create jobs
and have demonstrated an ability to return investor funds, typically within three to four years.
Our school developer, American Charter Development, LLC (ACD), will be developing the CHAMPS at Wellington school to
open in the fall of 2014. The school will educate 580 students in kindergarten through 5th grade. ACD has already developed 24
charter schools and will construct another 20+ in 2014 school year. All ACD schools have been successful growing student
populations and creating many more jobs then were originally planned.
Direct EB-5 Project - Approvals Generally in 4-6 months
EB-5 funds to be repaid when the school
purchases their facility - planned for 48
months, or soon after all I-829 approvals.
Charter School – West Palm Beach, Florida
Government Payments
State pays tuition
$500,000 Direct EB-5 Investment
School in TEA
Quick Return of EB-5 Funds
Likely in 42 months
Only 3 EB-5 Investor openings
36 jobs will be created
Source of Investment
Funds Amount Percent
Project Equity 1,552,991$ 25.0%
EB-5 Investor 1,500,000$ 25.0%
Senior Debt 3,052,991$ 50%
Total 6,105,981$ 100%
SCHOOLS AND EB-5
PERFECT!
Project Overview
Champs at Wellington and the Education Fund of America offer EB-5 investors a unique opportunity to invest in a government
funded privately managed public charter school. Public charter schools have proven countless times their ability to create jobs
and have demonstrated an ability to return investor funds, typically within three to four years.
Our school developer, American Charter Development, LLC (ACD), will be developing the CHAMPS at Wellington school to
open in the fall of 2014. The school will educate 580 students in kindergarten through 5th grade. ACD has already developed 24
charter schools and will construct another 20+ in 2014 school year. All ACD schools have been successful growing student
populations and creating many more jobs then were originally planned.
Direct EB-5 Project - Approvals Generally in 4-6 months
EB-5 funds to be repaid when the school
purchases their facility - planned for 48
months, or soon after all I-829 approvals.
Charter School – West Palm Beach, Florida
Government Payments
State pays tuition
$500,000 Direct EB-5 Investment
School in TEA
Quick Return of EB-5 Funds
Likely in 42 months
Only 3 EB-5 Investor openings
36 jobs will be created
Source of Investment
Funds Amount Percent
Project Equity 1,552,991$ 25.0%
EB-5 Investor 1,500,000$ 25.0%
Senior Debt 3,052,991$ 50%
Total 6,105,981$ 100%
www.edufundamerica.com
Project Overview
Champs at Wellington and the Education Fund of America offer EB-5 investors a unique opportunity to invest in a government
funded privately managed public charter school. Public charter schools have proven countless times their ability to create jobs
and have demonstrated an ability to return investor funds, typically within three to four years.
Our school developer, American Charter Development, LLC (ACD), will be developing the CHAMPS at Wellington school to
Direct EB-5 Project - Approvals Generally in 4-6 months
Charter School – West Palm Beach, Florida
Government Payments
State pays tuition
$500,000 Direct EB-5 Investment
School in TEA
Quick Return of EB-5 Funds
Likely in 42 months
Only 3 EB-5 Investor openings
36 jobs will be created
Project Overview
Champs at Wellington and the Education Fund of America offer EB-5 investors a unique opportunity to invest in a government
funded privately managed public charter school. Public charter schools have proven countless times their ability to create jobs
and have demonstrated an ability to return investor funds, typically within three to four years.
Our school developer, American Charter Development, LLC (ACD), will be developing the CHAMPS at Wellington school to
open in the fall of 2014. The school will educate 580 students in kindergarten through 5th grade. ACD has already developed 24
charter schools and will construct another 20+ in 2014 school year. All ACD schools have been successful growing student
Direct EB-5 Project - Approvals Generally in 4-6 months
Charter School – West Palm Beach, Florida
Government Payments
State pays tuition
$500,000 Direct EB-5 Investment
School in TEA
Quick Return of EB-5 Funds
Likely in 42 months
Only 3 EB-5 Investor openings
36 jobs will be created
Project Overview
Champs at Wellington and the Education Fund of America offer EB-5 investors a unique opportunity to invest in a government
funded privately managed public charter school. Public charter schools have proven countless times their ability to create jobs
Direct EB-5 Project - Approvals Generally in 4-6 months
Charter School – West Palm Beach, Florida
Government Payments
State pays tuition
$500,000 Direct EB-5 Investment
School in TEA
Quick Return of EB-5 Funds
Likely in 42 months
Only 3 EB-5 Investor openings
36 jobs will be created
Direct EB-5 Project - Approvals Generally in 4-6 months
Charter School – West Palm Beach, Florida
Government Payments
State pays tuition
$500,000 Direct EB-5 Investment
School in TEA
Quick Return of EB-5 Funds
Likely in 42 months
Only 3 EB-5 Investor openings
36 jobs will be created
www.edufundamerica.com
American	
  Charter	
  
Development,	
  LLC	
  
Education Fund of America, LLC provides financing for schools that
Inspire Children. The Company is part of a corporate finance business
that provided over $5 billion (USD) to companies throughout the USA.
Because of it’s expertise, the company safeguards it’s 22 years of
successful history by only sponsoring schools for EB-5 investors
that are Safe, Secure, and Predictable.
This summary overview is qualified in its entirety by
the Private Placement Memorandum detailing all the
terms, conditions and forward looking statements.
Bond funds have been used to finance over $5 billion USD of charter schools
in the USA. Investor funds will not be returned prior to the I-829 adjudication.
I
T
f
t
T
t
R
U
T
r
p
B
i
Direct EB-5 USCIS processing time: 4 – 6 months
Regional Center USCIS processing time: 16+ Months
USCIS processing I-526 petitions from March 2012 – in Sept. 2013
www.edufundamerica.com
American	
  Charter	
  
Development,	
  LLC	
  
Risk	
  Mi'ga'on:	
  
If	
  school	
  fails	
  to	
  create	
  10	
  jobs	
  for	
  an	
  investor.	
  
We:	
  
– Do	
  not	
  submit	
  that	
  school	
  project’s	
  I-­‐829	
  
– Move	
  investors	
  $500,000	
  to	
  a	
  new	
  school	
  
– Submit	
  a	
  replacement	
  I-­‐526	
  to	
  USCIS	
  
– Prove	
  jobs	
  were	
  created	
  by	
  the	
  new	
  school	
  
– Repay	
  EB-­‐5	
  investor’s	
  $500,000.	
  
ChampionCCCChChaha
CHAMPS at Wellington
The new school will be located in beautiful West Palm Beach, Florida
- about 75 miles north of Miami. There are 1.3 million people in Palm
Beach County.
The School will be a two story, 33,000 square foot facility located on
5 acres of land. The new school will be built with 30 classrooms, a
computer lab, multipurpose space, library, office spaces and a
teachers work area.
Investment Considerations
The school will be 100% financed by a bond
fund and those funds will be used to purchase
the land and construct the new school facility.
The EB-5 investors funds will be used to repay
the bond loan - classified as a bridge loan.
Repaying a bridge loan is an approved
ChampionCCCChChaha
CHAMPS at Wellington
The new school will be located in beautiful West Palm Beach, Florida
- about 75 miles north of Miami. There are 1.3 million people in Palm
Beach County.
The School will be a two story, 33,000 square foot facility located on
5 acres of land. The new school will be built with 30 classrooms, a
computer lab, multipurpose space, library, office spaces and a
teachers work area.
Investment Considerations
The school will be 100% financed by a bond
fund and those funds will be used to purchase
the land and construct the new school facility.
The EB-5 investors funds will be used to repay
the bond loan - classified as a bridge loan.
Repaying a bridge loan is an approved
USCIS activity.
The investor’s $500,000 is planned to be
returned when the school finances the
purchase of the school - using bond funds.
Bond funds have been used to finance over $5 billion USD of charter schools
in the USA. Investor funds will not be returned prior to the I-829 adjudication.
www.edufundamerica.com
American	
  Charter	
  
Development,	
  LLC	
  
Why	
  we	
  finance	
  Charter	
  Schools	
  
www.edufundamerica.com
American	
  Charter	
  
Development,	
  LLC	
  
Public	
  Charter	
  Schools	
  Are:	
  
•  Privately	
  Managed	
  -­‐	
  Public	
  Schools	
  	
  
•  Funded	
  by	
  State	
  Government	
  	
  
	
  
•  Benefits	
  to	
  Parents	
  &	
  Children:	
  
–  Academic	
  excellence	
  
–  Inspiring	
  environment	
  
www.edufundamerica.com
American	
  Charter	
  
Development,	
  LLC	
  
Public	
  Charter	
  Schools	
  Are:	
  
•  Licensed	
  by	
  the	
  State	
  Government	
  
	
  
•  Compete	
  with	
  Public	
  schools	
  for	
  
the	
  students	
  
•  Offer	
  Parents	
  and	
  	
  
	
  	
  	
  	
  	
  children	
  a	
  CHOICE	
  
www.edufundamerica.com
American	
  Charter	
  
Development,	
  LLC	
  
Direct Job Creation – Charter Schools 	
One	
  new	
  job	
  is	
  created	
  for	
  every	
  14	
  –	
  16	
  	
  students	
  
(on	
  average	
  -­‐	
  depending	
  on	
  the	
  school)	
  
www.edufundamerica.com
American	
  Charter	
  
Development,	
  LLC	
  
Job Creation & Students
8,300 students enrolled
	
  
553 jobs created	
  	
  
School&Name
1 Summit Academy
2 American Leadership Academy
3 Lincoln Academy
4 Ronald Reagan Academy
5 Thomas Edison Academy South
6 Mountainland Technology
7 Noah Webster Academy
8 Washington Academy
9 Odyssey Preparatory Academy
10 CS Lewis Academy
11 Dual Immersion Academy
12 Berean Academy
13 Mountainville Academy
14 Legacy Traditional Schools
15 Mosaica Academy
16 Champion Schools
17 Starshine Academy (Temporary Site)
Total Student Enrollment
Enrollment Enrollmen
Plan 2012
550 1,024
1,200 1,772
550 640
500 677
450 576
300 475
500 550
400 725
600 900
200 430
350 460
500 550
600 680
600 1,100
400 560
400 560
200 254
8,300 11,933
Our School Developer
www.edufundamerica.com
American	
  Charter	
  
Development,	
  LLC	
  
As	
  of	
  December	
  2012	
  
11,933	
  students	
  enrolled
	
  	
  
242 more jobs created
than were planed	

School&Name
1 Summit Academy
2 American Leadership Academy
3 Lincoln Academy
4 Ronald Reagan Academy
5 Thomas Edison Academy South
6 Mountainland Technology
7 Noah Webster Academy
8 Washington Academy
9 Odyssey Preparatory Academy
10 CS Lewis Academy
11 Dual Immersion Academy
12 Berean Academy
13 Mountainville Academy
14 Legacy Traditional Schools
15 Mosaica Academy
16 Champion Schools
17 Starshine Academy (Temporary Site)
Total Student Enrollment
Enrollment Enrollment&
Plan 2012
550 1,024
1,200 1,772
550 640
500 677
450 576
300 475
500 550
400 725
600 900
200 430
350 460
500 550
600 680
600 1,100
400 560
400 560
200 254
8,300 11,933
795 Jobs Created
www.edufundamerica.com
American	
  Charter	
  
Development,	
  LLC	
  
5/18/13 8:18 AMMichael Van Beek: What Michigan's Charter Schools Can Teach the Country - WSJ.com
Page 1 of 3http://online.wsj.com/article/SB10001424127887323375204578271853227727678.html#printMode
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OPINION May 17, 2013, 6:38 p.m. ET
By MICHAEL VAN BEEK
Public charter schools now serve 2.3 million children nationwide and enjoy growing bipartisan
support. But they are still loathed by teachers unions and traditional public-school officials more
interested in protecting their piece of the school-funding pie than in providing students trapped
in failing schools with a chance at a decent education.
Those familiar with the controversy over charters have probably heard of the 2009 study by
Stanford University's Center for Research on Education Outcomes. The Credo study, routinely
cited by groups opposed to school choice, analyzed charter schools in 16 states and found that, on
average, only 17% were outperforming conventional public schools while 37% were doing worse.
However, Credo noted that the study's results "vary strongly by state and are shown to be
influenced in significant ways by several characteristics of state charter school policies." These
include laws determining how many charters can operate in a state, who can authorize them, and
the level of autonomy these schools will have from certain state regulations.
Although largely ignored, this finding is especially relevant in light of a more recent Credo study
focusing solely on the performance of Michigan's charter schools. The findings, released in
January, portray Michigan's charter schools as a clear-cut success story and provide lessons for
other states.
Credo found that 42% of Michigan's charter schools are
outperforming conventional public schools in math and
35% of charters are outperforming in reading. Only 6%
of charters are underperforming in math and only 2%
in reading. Further, 82% of charters produced growth
in average reading test scores and 72% did so in math.
Dow Jones Reprints: This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients or
customers, use the Order Reprints tool at the bottom of any article or visit www.djreprints.com
What Michigan's Charter Schools Can Teach the
Country
The secrets of reform success include liberal chartering rules and freedom from teacher tenure.
Michigan Study findings:
	
“After five years the average
charter-school student made
cumulative learning gains
equivalent to an entire additional
year of schooling."	

	

5/18/13 8:18 AMMichael Van Beek: What Michigan's Charter Schools Can Teach the Country - WSJ.com
Associated Press
Detroit Midtown Academy teacher Rochell
Dunson works with students in 2008.
Of the 56 outcomes for different subgroups of students
and schools the study dissected, 52 showed charter-
school students outperforming their peers in
conventional public schools.
Perhaps the most notable finding was that from 2007-
11 the typical Michigan charter-school student made
annual academic gains in both reading and math
equivalent to about two additional months of learning,
compared with his or her peers in conventional public
schools. The longer a student stayed in a charter school
the greater the annual gains. After five years the
average charter-school student made cumulative
learning gains equivalent to an entire additional year of schooling.
As Cindy Schumacher, executive director of the Center for Charter Schools at Central Michigan
University, told the press after the Credo report was released, the report "shows that the Michigan
Model is working, with it leading to significant improvements for children, especially at-risk
children who are historically underserved."
The results were even more pronounced in Detroit, welcome news in a city where an estimated
47% of the adult population is functionally illiterate, according to the Detroit Regional Workforce
Fund. The typical Detroit charter-school student made annual gains worth about three additional
months of learning in both reading and math compared with their peers in nearby conventional
schools. Of the 100 or so charters in Detroit, 47% did significantly better than conventional
schools in reading and 49% did significantly better in math. Only one charter school in Detroit did
worse in reading compared with the city's district-run schools.
The Michigan Education Association, the state's largest teachers union, and other defenders of
the public-school status quo have tried to play down these results. Some point out that the Credo
study didn't include every charter school. In fact, the study included 86% of all charter-school
students in the state and remains the most comprehensive and rigorous study of Michigan charter
schools.
Wall Street Journal – May 17, 2013
www.edufundamerica.com
American	
  Charter	
  
Development,	
  LLC	
  
Charter Schools in the USA	
	
  
•  5,600 Charter Schools
•  Need 4,000 more Charter Schools because… over 1.2
million children on wait lists, Center for Educational Reform,
Washington DC.
www.edufundamerica.com
American	
  Charter	
  
Development,	
  LLC	
  
School	
  En'ty	
Licensed by State to operate a charter school	
	
	
	
  
Project Structure	
Creates: NEW Limited Partnership – that:
1. Operates School – hires employees	
2. Leases a new School Facility	
3. Invests EB-5 Funds into: F,F & E, Operations, etc.
www.edufundamerica.com
American	
  Charter	
  
Development,	
  LLC	
  
New	
  Limited	
  Partnership	
  
	
  
	
  
48.00%51.99%
Ownership	
  
School	
  En_ty	
   EB-­‐5	
  Investors	
   Educa_on	
  Fund	
  
51.99%48.0%
www.edufundamerica.com
American	
  Charter	
  
Development,	
  LLC	
  
School Financing	
  –	
  Phase	
  I	
	

Senior	
  Bonds	
  
	
  50%	
  Funding	
  
	
   Charter	
  School	
  
Development	
  
CompanySubordinate	
  Bonds	
  
25%	
  funding	
  
	

Leases School
Facility	

Limited	
  Partnership	

Subordinate	
  Bonds	
  
25%	
  -­‐	
  Bridge	
  loan	
  
	
  
Direct	
  Investment	
  
Builds School
Facility
www.edufundamerica.com
American	
  Charter	
  
Development,	
  LLC	
  
School Financing	
  –	
  Phase	
  II	
	

Senior Bonds	

50% Funding	

	

 Charter	
  School	
  
Development	
  
CompanySubordinate	
  Bonds	
  
25%	
  funding	

	

Leases School	

Limited	
  Partnership	

EB-­‐5	
  Investors	
  
25%	

	

Pays off bridge
loan
www.edufundamerica.com
American	
  Charter	
  
Development,	
  LLC	
  
EB-­‐5	
  Direct	
  Investment	
Limited
Partnership
EB5	
  
EB5	
  
EB5	
  
EB5	
  
EB-5
Investors
Funding Direct Investment
Operations
Working Capital
Tenant Improvements
Furniture & Equipment
www.edufundamerica.com
American	
  Charter	
  
Development,	
  LLC	
  
Repayment	
  Financing	
Limited
Partnership
Senior	
  
Bonds	

Subordinate	
  
Bonds	

School	
  En'ty
Municipal Bond
EB-5
Investors
Financing	

Repayment	
EB5	
  
EB5	
  
EB5	
  
EB5	
  
After 39 – 42 months
www.edufundamerica.com
American	
  Charter	
  
Development,	
  LLC	
  
Over	
  30	
  years	
  experience	
  developing	
  commercial	
  proper_es	
  
• 	
  	
  	
  	
  Started	
  Charter	
  School	
  business	
  in	
  2003	
  
• 	
  	
  	
  Developed	
  dozens	
  of	
  VERY	
  successful	
  Charter	
  Schools	
  
• 	
  	
  	
  	
  	
  Utah	
  State	
  Legislature,	
  	
  Chairman	
  -­‐	
  Higher	
  Educa_on	
  
• 	
  	
  	
  	
  	
  Net	
  Worth	
  over	
  8	
  figures,	
  	
  Excellent	
  Credit	
  Ra_ng	
  
	
  
Mike Morley, Chairman
American Charter Development, LLC
Charter	
  School	
  Developer	
  
www.edufundamerica.com
American	
  Charter	
  
Development,	
  LLC	
  
Capital	
  	
  Stack	
  –	
  sample	
  school	
  project	
  
	
  
Tax	
  Free	
  Municipal	
  Bonds	
  –	
  from	
  large	
  Ins_tu_onal	
  Funds	
  
www.edufundamerica.com
American	
  Charter	
  
Development,	
  LLC	
  
EB-­‐5	
  Funds	
  pay	
  off	
  “bridge	
  loan”	
  
Interest	
  payment	
  savings	
  with	
  EB-­‐5	
  funds,	
  36	
  months	
  
www.edufundamerica.com
American	
  Charter	
  
Development,	
  LLC	
  
New	
  Bond	
  issued	
  in	
  39	
  –	
  42	
  months	
  pays	
  off	
  previous	
  
issued	
  bonds	
  and	
  EB-­‐5	
  investment.	
  
Interest savings to school :
www.edufundamerica.com
American	
  Charter	
  
Development,	
  LLC	
  
In	
  our	
  example	
  
	
  
	
  
	
  
Interest	
  payment	
  savings	
  during	
  the	
  30	
  bond	
  term	
  	
  
	
  
	
  
Why	
  do	
  schools	
  want	
  to	
  quickly	
  pay	
  off	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  
EB-­‐5	
  and	
  bond	
  lenders?	
  	
  	
  	
  
	
  
To	
  save	
  money…	
  
	
  
	
  
www.edufundamerica.com
American	
  Charter	
  
Development,	
  LLC	
  
1
THE INDUSTRIAL DEVELOPMENT AUTHORITY
OF THE COUNTY OF PIMA
$10,975,000
EDUCATION FACILITY REVENUE BONDS
(AMERICAN LEADERSHIP ACADEMY PROJECT)
SERIES 2012A
INTRODUCTION
The following is a brief introduction as to certain matters discussed elsewhere in this Official Statement and is
qualified in its entirety as to such matters by such discussion and the text of the actual documents described or referenced.
Any capitalized term not required to be capitalized is used with the meaning assigned in “EXHIBIT E – SUMMARIES OF
FINANCING DOCUMENTS,” or in the Indenture of Trust, to be dated as of January 1, 2012 (the “Indenture”), between
The Industrial Development Authority of the County of Pima (the “Issuer”), and U.S. Bank National Association, as
trustee (the “Trustee”), the Loan Agreement, to be dated as of January 1, 2012 (the “Loan Agreement”), between the
Issuer and American Leadership Academy, Inc. (the “Borrower”), an Arizona non-profit corporation, or other document
with respect to which the term is used. Definitions contained in the text hereof are for ease of reference only and are
qualified in their entirety by the definitions in “EXHIBIT E – SUMMARIES OF FINANCING DOCUMENTS,” or the
documents with respect to which such terms relate. The Exhibits hereto are an integral part of this Official Statement and
each potential investor should review the Exhibits in their entirety.
General
This Official Statement, including the cover page, the inside cover, the introductory statement and the Exhibits
attached hereto (this “Official Statement”), is furnished in connection with this offering by the Issuer of its Education
Facility Revenue Bonds (American Leadership Academy Project), Series 2012A, in the aggregate principal amount of
$10,975,000 (the “Series 2012A Bonds). The Series 2012A Bonds were authorized by a resolution adopted by the Board
of Directors of the Issuer on September 7, 2010, as amended by an amending resolution adopted by the Board of Directors
of the Issuer on February 18, 2011, as further amended by that second amending resolution adopted by the Board of
Directors of the Issuer on October 21, 2011, the Constitution and laws of the State of Arizona (the “State”), particularly
The Industrial Development Financing Act, comprised of Title 35, Chapter 5 of the Arizona Revised Statutes (the “Act”)
and will be issued under the Indenture.
The proceeds of the Series 2012A Bonds will be loaned to the Borrower pursuant to the Loan Agreement. The
Borrower will use the proceeds of the Series 2012A Bonds to: (i) finance and/or refinance the costs of acquiring,
constructing, improving, operating and/or equipping of charter school facilities located at 34696 North Village Lane, San
Tan Valley, Arizona (the “Series 2012 Facilities”); (ii) fund any required reserve funds as set forth in the Indenture; (iii)
pay capitalized interest on the Series 2012A Bonds; and (iv) pay certain issuance expenses (collectively, the “Series 2012
Project”). The Borrower’s repayment obligation under the Loan Agreement will be evidenced by the Series 2012A
Promissory Note executed by the Borrower (the “Series 2012A Promissory Note”).
The Series 2012A Bonds and any Additional Senior Bonds issued on a parity therewith pursuant to the Indenture
(collectively, the “Senior Bonds”), are special limited obligations of the Issuer payable exclusively from the Trust Estate
pledged, assigned and mortgaged to the Trustee pursuant to the Indenture. The Trust Estate includes: (i) the rights, title
and interests of the Issuer under the Loan Agreement (except for Issuer’s Unassigned Rights); (ii) the rights, title and
interests of the Issuer in the Project (except the Issuer’s Unassigned Rights), subject to Permitted Encumbrances; (iii) the
Revenues and all rights, title and interests of the Issuer in the Pledged Revenues, subject to Permitted Encumbrances
(except the Issuer’s Unassigned Rights); (iv) the rights, title and interests of the Issuer and the Borrower under the
Promissory Note(s) (except the Issuer’s Unassigned Rights) and the Deed of Trust, Security Agreement, Assignment of
Rents and Leases and Fixture Filing, dated as of January 1, 2012, from the Borrower for the benefit of the Trustee as
beneficiary thereunder (the “Deed of Trust”); (v) all Funds held by the Trustee pursuant to the Indenture (except amounts
on deposit in the Cost of Issuance Fund, the Tax and Insurance Escrow Fund and the Rebate Fund), subject to the
exceptions as provided in the Indenture; and (vi) any and all other interests in real or personal property of every name and
nature from time to time hereafter by delivery or by writing of any kind specifically mortgaged, pledged or hypothecated.
Funds	
  returned	
  via	
  Bond	
  financing…	
  
Bond refinancing - January 2012	

$10,875,000
Bond Amount
Financed with Tax Free
Bonds
Bond Issuer – Gov. Bond Seller / Lender
www.edufundamerica.com
American	
  Charter	
  
Development,	
  LLC	
  
Over	
  $5	
  Billion	
  in	
  charter	
  school	
  bonds	
  issued	
  
$0	
  
$200	
  
$400	
  
$600	
  
$800	
  
$1,000	
  
$1,200	
  
1998	
   1999	
   2000	
   2001	
   2002	
   2003	
   2004	
   2005	
   2006	
   2007	
   2008	
   2009	
   2010	
   2011	
   2012	
  
$11	
  
$80	
  
$208	
  
$305	
  
$225	
  
$274	
  
$327	
  
$396	
  
$571	
  
$1,037	
  
$556	
  
$361	
  
$951	
  
$800	
  
$340	
  
www.edufundamerica.com
American	
  Charter	
  
Development,	
  LLC	
  
Charter School - USCIS Approvals – I-526
www.edufundamerica.com
American	
  Charter	
  
Development,	
  LLC	
  
American Leadership Academy	
  
Spanish Fork 	
  
	
  
	
  
INVESTOR REPAYMENT
	
  
	
  
16 months	
  
Months to Repay Previous School Investor:
www.edufundamerica.com
American	
  Charter	
  
Development,	
  LLC	
  
Mountainville Academy 	
  
	
  
	
  
INVESTOR REPAYMENT
	
  
	
  
37 months	
  
Months to Repay Previous School Investor:
www.edufundamerica.com
American	
  Charter	
  
Development,	
  LLC	
  
Washington Academy 	
  
	
  
	
  
INVESTOR REPAYMENT
	
  
	
  
26 months	
  
Washington Academy 	
  
	
  
	
  
Months to Repay Previous School Investor:
www.edufundamerica.com
American	
  Charter	
  
Development,	
  LLC	
  
Washington Academy 	
  
	
  
	
  
Thomas Edison Academy 	
  
	
  
	
  
INVESTOR REPAYMENT
	
  
	
  
36 months	
  
Months to Repay Previous School Investor:
www.edufundamerica.com
American	
  Charter	
  
Development,	
  LLC	
  
Washington Academy 	
  
	
  
	
  
INVESTOR REPAYMENT
	
  
	
  
22 months	
  
Regan Academy 	
  
	
  
	
  
Months to Repay Previous School Investor:
www.edufundamerica.com
American	
  Charter	
  
Development,	
  LLC	
  
Washington Academy 	
  
	
  
	
  
INVESTOR REPAYMENT
	
  
	
  
35 months	
  
Summit Academy 	
  
	
  
	
  
Months to Repay Previous School Investor:
www.edufundamerica.com
American	
  Charter	
  
Development,	
  LLC	
  
Washington Academy 	
  
	
  
	
  
INVESTOR REPAYMENT
	
  
	
  
20 months	
  
Webster Academy 	
  
	
  
	
  
Months to Repay Previous School Investor:
www.edufundamerica.com
American	
  Charter	
  
Development,	
  LLC	
  
Washington Academy 	
  
	
  
	
  
INVESTOR REPAYMENT
	
  
	
  
21 months	
  
Lincoln Academy 	
  
	
  
	
  
Months to Repay Previous School Investor:
www.edufundamerica.com
American	
  Charter	
  
Development,	
  LLC	
  
Fast	
  &	
  Proven	
  Return	
  of	
  Investor	
  Funds	
  
www.edufundamerica.com
American	
  Charter	
  
Development,	
  LLC	
  
Why	
  we	
  Finance	
  Charter	
  Schools	
  
Safe: Government Pays Tuition,
Secure: 10 years of Proven Job Creation success
Predictable: 10 years Successfully Repaying Investors
www.edufundamerica.com
American	
  Charter	
  
Development,	
  LLC	
  
Inspired	
  Children	
  
Join us and
improve the
lives of children
too…
www.edufundamerica.com
American	
  Charter	
  
Development,	
  LLC	
  
Financing Schools that Inspire Children

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Efa ppt 9-2013

  • 1. www.edufundamerica.com American  Charter   Development,  LLC   Financing Schools that Inspire Children
  • 2. www.edufundamerica.com American  Charter   Development,  LLC   SCHOOLS AND EB-5 PERFECT! Project Overview Champs at Wellington and the Education Fund of America offer EB-5 investors a unique opportunity to invest in a government funded privately managed public charter school. Public charter schools have proven countless times their ability to create jobs and have demonstrated an ability to return investor funds, typically within three to four years. Our school developer, American Charter Development, LLC (ACD), will be developing the CHAMPS at Wellington school to open in the fall of 2014. The school will educate 580 students in kindergarten through 5th grade. ACD has already developed 24 charter schools and will construct another 20+ in 2014 school year. All ACD schools have been successful growing student populations and creating many more jobs then were originally planned. Direct EB-5 Project - Approvals Generally in 4-6 months EB-5 funds to be repaid when the school purchases their facility - planned for 48 months, or soon after all I-829 approvals. Charter School – West Palm Beach, Florida Government Payments State pays tuition $500,000 Direct EB-5 Investment School in TEA Quick Return of EB-5 Funds Likely in 42 months Only 3 EB-5 Investor openings 36 jobs will be created Source of Investment Funds Amount Percent Project Equity 1,552,991$ 25.0% EB-5 Investor 1,500,000$ 25.0% Senior Debt 3,052,991$ 50% Total 6,105,981$ 100% SCHOOLS AND EB-5 PERFECT! Project Overview Champs at Wellington and the Education Fund of America offer EB-5 investors a unique opportunity to invest in a government funded privately managed public charter school. Public charter schools have proven countless times their ability to create jobs and have demonstrated an ability to return investor funds, typically within three to four years. Our school developer, American Charter Development, LLC (ACD), will be developing the CHAMPS at Wellington school to open in the fall of 2014. The school will educate 580 students in kindergarten through 5th grade. ACD has already developed 24 charter schools and will construct another 20+ in 2014 school year. All ACD schools have been successful growing student populations and creating many more jobs then were originally planned. Direct EB-5 Project - Approvals Generally in 4-6 months EB-5 funds to be repaid when the school purchases their facility - planned for 48 months, or soon after all I-829 approvals. Charter School – West Palm Beach, Florida Government Payments State pays tuition $500,000 Direct EB-5 Investment School in TEA Quick Return of EB-5 Funds Likely in 42 months Only 3 EB-5 Investor openings 36 jobs will be created Source of Investment Funds Amount Percent Project Equity 1,552,991$ 25.0% EB-5 Investor 1,500,000$ 25.0% Senior Debt 3,052,991$ 50% Total 6,105,981$ 100% www.edufundamerica.com Project Overview Champs at Wellington and the Education Fund of America offer EB-5 investors a unique opportunity to invest in a government funded privately managed public charter school. Public charter schools have proven countless times their ability to create jobs and have demonstrated an ability to return investor funds, typically within three to four years. Our school developer, American Charter Development, LLC (ACD), will be developing the CHAMPS at Wellington school to Direct EB-5 Project - Approvals Generally in 4-6 months Charter School – West Palm Beach, Florida Government Payments State pays tuition $500,000 Direct EB-5 Investment School in TEA Quick Return of EB-5 Funds Likely in 42 months Only 3 EB-5 Investor openings 36 jobs will be created Project Overview Champs at Wellington and the Education Fund of America offer EB-5 investors a unique opportunity to invest in a government funded privately managed public charter school. Public charter schools have proven countless times their ability to create jobs and have demonstrated an ability to return investor funds, typically within three to four years. Our school developer, American Charter Development, LLC (ACD), will be developing the CHAMPS at Wellington school to open in the fall of 2014. The school will educate 580 students in kindergarten through 5th grade. ACD has already developed 24 charter schools and will construct another 20+ in 2014 school year. All ACD schools have been successful growing student Direct EB-5 Project - Approvals Generally in 4-6 months Charter School – West Palm Beach, Florida Government Payments State pays tuition $500,000 Direct EB-5 Investment School in TEA Quick Return of EB-5 Funds Likely in 42 months Only 3 EB-5 Investor openings 36 jobs will be created Project Overview Champs at Wellington and the Education Fund of America offer EB-5 investors a unique opportunity to invest in a government funded privately managed public charter school. Public charter schools have proven countless times their ability to create jobs Direct EB-5 Project - Approvals Generally in 4-6 months Charter School – West Palm Beach, Florida Government Payments State pays tuition $500,000 Direct EB-5 Investment School in TEA Quick Return of EB-5 Funds Likely in 42 months Only 3 EB-5 Investor openings 36 jobs will be created Direct EB-5 Project - Approvals Generally in 4-6 months Charter School – West Palm Beach, Florida Government Payments State pays tuition $500,000 Direct EB-5 Investment School in TEA Quick Return of EB-5 Funds Likely in 42 months Only 3 EB-5 Investor openings 36 jobs will be created
  • 3. www.edufundamerica.com American  Charter   Development,  LLC   Education Fund of America, LLC provides financing for schools that Inspire Children. The Company is part of a corporate finance business that provided over $5 billion (USD) to companies throughout the USA. Because of it’s expertise, the company safeguards it’s 22 years of successful history by only sponsoring schools for EB-5 investors that are Safe, Secure, and Predictable. This summary overview is qualified in its entirety by the Private Placement Memorandum detailing all the terms, conditions and forward looking statements. Bond funds have been used to finance over $5 billion USD of charter schools in the USA. Investor funds will not be returned prior to the I-829 adjudication. I T f t T t R U T r p B i Direct EB-5 USCIS processing time: 4 – 6 months Regional Center USCIS processing time: 16+ Months USCIS processing I-526 petitions from March 2012 – in Sept. 2013
  • 4. www.edufundamerica.com American  Charter   Development,  LLC   Risk  Mi'ga'on:   If  school  fails  to  create  10  jobs  for  an  investor.   We:   – Do  not  submit  that  school  project’s  I-­‐829   – Move  investors  $500,000  to  a  new  school   – Submit  a  replacement  I-­‐526  to  USCIS   – Prove  jobs  were  created  by  the  new  school   – Repay  EB-­‐5  investor’s  $500,000.   ChampionCCCChChaha CHAMPS at Wellington The new school will be located in beautiful West Palm Beach, Florida - about 75 miles north of Miami. There are 1.3 million people in Palm Beach County. The School will be a two story, 33,000 square foot facility located on 5 acres of land. The new school will be built with 30 classrooms, a computer lab, multipurpose space, library, office spaces and a teachers work area. Investment Considerations The school will be 100% financed by a bond fund and those funds will be used to purchase the land and construct the new school facility. The EB-5 investors funds will be used to repay the bond loan - classified as a bridge loan. Repaying a bridge loan is an approved ChampionCCCChChaha CHAMPS at Wellington The new school will be located in beautiful West Palm Beach, Florida - about 75 miles north of Miami. There are 1.3 million people in Palm Beach County. The School will be a two story, 33,000 square foot facility located on 5 acres of land. The new school will be built with 30 classrooms, a computer lab, multipurpose space, library, office spaces and a teachers work area. Investment Considerations The school will be 100% financed by a bond fund and those funds will be used to purchase the land and construct the new school facility. The EB-5 investors funds will be used to repay the bond loan - classified as a bridge loan. Repaying a bridge loan is an approved USCIS activity. The investor’s $500,000 is planned to be returned when the school finances the purchase of the school - using bond funds. Bond funds have been used to finance over $5 billion USD of charter schools in the USA. Investor funds will not be returned prior to the I-829 adjudication.
  • 5. www.edufundamerica.com American  Charter   Development,  LLC   Why  we  finance  Charter  Schools  
  • 6. www.edufundamerica.com American  Charter   Development,  LLC   Public  Charter  Schools  Are:   •  Privately  Managed  -­‐  Public  Schools     •  Funded  by  State  Government       •  Benefits  to  Parents  &  Children:   –  Academic  excellence   –  Inspiring  environment  
  • 7. www.edufundamerica.com American  Charter   Development,  LLC   Public  Charter  Schools  Are:   •  Licensed  by  the  State  Government     •  Compete  with  Public  schools  for   the  students   •  Offer  Parents  and              children  a  CHOICE  
  • 8. www.edufundamerica.com American  Charter   Development,  LLC   Direct Job Creation – Charter Schools One  new  job  is  created  for  every  14  –  16    students   (on  average  -­‐  depending  on  the  school)  
  • 9. www.edufundamerica.com American  Charter   Development,  LLC   Job Creation & Students 8,300 students enrolled   553 jobs created     School&Name 1 Summit Academy 2 American Leadership Academy 3 Lincoln Academy 4 Ronald Reagan Academy 5 Thomas Edison Academy South 6 Mountainland Technology 7 Noah Webster Academy 8 Washington Academy 9 Odyssey Preparatory Academy 10 CS Lewis Academy 11 Dual Immersion Academy 12 Berean Academy 13 Mountainville Academy 14 Legacy Traditional Schools 15 Mosaica Academy 16 Champion Schools 17 Starshine Academy (Temporary Site) Total Student Enrollment Enrollment Enrollmen Plan 2012 550 1,024 1,200 1,772 550 640 500 677 450 576 300 475 500 550 400 725 600 900 200 430 350 460 500 550 600 680 600 1,100 400 560 400 560 200 254 8,300 11,933 Our School Developer
  • 10. www.edufundamerica.com American  Charter   Development,  LLC   As  of  December  2012   11,933  students  enrolled     242 more jobs created than were planed School&Name 1 Summit Academy 2 American Leadership Academy 3 Lincoln Academy 4 Ronald Reagan Academy 5 Thomas Edison Academy South 6 Mountainland Technology 7 Noah Webster Academy 8 Washington Academy 9 Odyssey Preparatory Academy 10 CS Lewis Academy 11 Dual Immersion Academy 12 Berean Academy 13 Mountainville Academy 14 Legacy Traditional Schools 15 Mosaica Academy 16 Champion Schools 17 Starshine Academy (Temporary Site) Total Student Enrollment Enrollment Enrollment& Plan 2012 550 1,024 1,200 1,772 550 640 500 677 450 576 300 475 500 550 400 725 600 900 200 430 350 460 500 550 600 680 600 1,100 400 560 400 560 200 254 8,300 11,933 795 Jobs Created
  • 11. www.edufundamerica.com American  Charter   Development,  LLC   5/18/13 8:18 AMMichael Van Beek: What Michigan's Charter Schools Can Teach the Country - WSJ.com Page 1 of 3http://online.wsj.com/article/SB10001424127887323375204578271853227727678.html#printMode See a sample reprint in PDF format. Order a reprint of this article now OPINION May 17, 2013, 6:38 p.m. ET By MICHAEL VAN BEEK Public charter schools now serve 2.3 million children nationwide and enjoy growing bipartisan support. But they are still loathed by teachers unions and traditional public-school officials more interested in protecting their piece of the school-funding pie than in providing students trapped in failing schools with a chance at a decent education. Those familiar with the controversy over charters have probably heard of the 2009 study by Stanford University's Center for Research on Education Outcomes. The Credo study, routinely cited by groups opposed to school choice, analyzed charter schools in 16 states and found that, on average, only 17% were outperforming conventional public schools while 37% were doing worse. However, Credo noted that the study's results "vary strongly by state and are shown to be influenced in significant ways by several characteristics of state charter school policies." These include laws determining how many charters can operate in a state, who can authorize them, and the level of autonomy these schools will have from certain state regulations. Although largely ignored, this finding is especially relevant in light of a more recent Credo study focusing solely on the performance of Michigan's charter schools. The findings, released in January, portray Michigan's charter schools as a clear-cut success story and provide lessons for other states. Credo found that 42% of Michigan's charter schools are outperforming conventional public schools in math and 35% of charters are outperforming in reading. Only 6% of charters are underperforming in math and only 2% in reading. Further, 82% of charters produced growth in average reading test scores and 72% did so in math. Dow Jones Reprints: This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients or customers, use the Order Reprints tool at the bottom of any article or visit www.djreprints.com What Michigan's Charter Schools Can Teach the Country The secrets of reform success include liberal chartering rules and freedom from teacher tenure. Michigan Study findings: “After five years the average charter-school student made cumulative learning gains equivalent to an entire additional year of schooling." 5/18/13 8:18 AMMichael Van Beek: What Michigan's Charter Schools Can Teach the Country - WSJ.com Associated Press Detroit Midtown Academy teacher Rochell Dunson works with students in 2008. Of the 56 outcomes for different subgroups of students and schools the study dissected, 52 showed charter- school students outperforming their peers in conventional public schools. Perhaps the most notable finding was that from 2007- 11 the typical Michigan charter-school student made annual academic gains in both reading and math equivalent to about two additional months of learning, compared with his or her peers in conventional public schools. The longer a student stayed in a charter school the greater the annual gains. After five years the average charter-school student made cumulative learning gains equivalent to an entire additional year of schooling. As Cindy Schumacher, executive director of the Center for Charter Schools at Central Michigan University, told the press after the Credo report was released, the report "shows that the Michigan Model is working, with it leading to significant improvements for children, especially at-risk children who are historically underserved." The results were even more pronounced in Detroit, welcome news in a city where an estimated 47% of the adult population is functionally illiterate, according to the Detroit Regional Workforce Fund. The typical Detroit charter-school student made annual gains worth about three additional months of learning in both reading and math compared with their peers in nearby conventional schools. Of the 100 or so charters in Detroit, 47% did significantly better than conventional schools in reading and 49% did significantly better in math. Only one charter school in Detroit did worse in reading compared with the city's district-run schools. The Michigan Education Association, the state's largest teachers union, and other defenders of the public-school status quo have tried to play down these results. Some point out that the Credo study didn't include every charter school. In fact, the study included 86% of all charter-school students in the state and remains the most comprehensive and rigorous study of Michigan charter schools. Wall Street Journal – May 17, 2013
  • 12. www.edufundamerica.com American  Charter   Development,  LLC   Charter Schools in the USA   •  5,600 Charter Schools •  Need 4,000 more Charter Schools because… over 1.2 million children on wait lists, Center for Educational Reform, Washington DC.
  • 13. www.edufundamerica.com American  Charter   Development,  LLC   School  En'ty Licensed by State to operate a charter school   Project Structure Creates: NEW Limited Partnership – that: 1. Operates School – hires employees 2. Leases a new School Facility 3. Invests EB-5 Funds into: F,F & E, Operations, etc.
  • 14. www.edufundamerica.com American  Charter   Development,  LLC   New  Limited  Partnership       48.00%51.99% Ownership   School  En_ty   EB-­‐5  Investors   Educa_on  Fund   51.99%48.0%
  • 15. www.edufundamerica.com American  Charter   Development,  LLC   School Financing  –  Phase  I Senior  Bonds    50%  Funding     Charter  School   Development   CompanySubordinate  Bonds   25%  funding   Leases School Facility Limited  Partnership Subordinate  Bonds   25%  -­‐  Bridge  loan     Direct  Investment   Builds School Facility
  • 16. www.edufundamerica.com American  Charter   Development,  LLC   School Financing  –  Phase  II Senior Bonds 50% Funding Charter  School   Development   CompanySubordinate  Bonds   25%  funding Leases School Limited  Partnership EB-­‐5  Investors   25% Pays off bridge loan
  • 17. www.edufundamerica.com American  Charter   Development,  LLC   EB-­‐5  Direct  Investment Limited Partnership EB5   EB5   EB5   EB5   EB-5 Investors Funding Direct Investment Operations Working Capital Tenant Improvements Furniture & Equipment
  • 18. www.edufundamerica.com American  Charter   Development,  LLC   Repayment  Financing Limited Partnership Senior   Bonds Subordinate   Bonds School  En'ty Municipal Bond EB-5 Investors Financing Repayment EB5   EB5   EB5   EB5   After 39 – 42 months
  • 19. www.edufundamerica.com American  Charter   Development,  LLC   Over  30  years  experience  developing  commercial  proper_es   •         Started  Charter  School  business  in  2003   •       Developed  dozens  of  VERY  successful  Charter  Schools   •           Utah  State  Legislature,    Chairman  -­‐  Higher  Educa_on   •           Net  Worth  over  8  figures,    Excellent  Credit  Ra_ng     Mike Morley, Chairman American Charter Development, LLC Charter  School  Developer  
  • 20. www.edufundamerica.com American  Charter   Development,  LLC   Capital    Stack  –  sample  school  project     Tax  Free  Municipal  Bonds  –  from  large  Ins_tu_onal  Funds  
  • 21. www.edufundamerica.com American  Charter   Development,  LLC   EB-­‐5  Funds  pay  off  “bridge  loan”   Interest  payment  savings  with  EB-­‐5  funds,  36  months  
  • 22. www.edufundamerica.com American  Charter   Development,  LLC   New  Bond  issued  in  39  –  42  months  pays  off  previous   issued  bonds  and  EB-­‐5  investment.   Interest savings to school :
  • 23. www.edufundamerica.com American  Charter   Development,  LLC   In  our  example         Interest  payment  savings  during  the  30  bond  term         Why  do  schools  want  to  quickly  pay  off                                         EB-­‐5  and  bond  lenders?           To  save  money…      
  • 24. www.edufundamerica.com American  Charter   Development,  LLC   1 THE INDUSTRIAL DEVELOPMENT AUTHORITY OF THE COUNTY OF PIMA $10,975,000 EDUCATION FACILITY REVENUE BONDS (AMERICAN LEADERSHIP ACADEMY PROJECT) SERIES 2012A INTRODUCTION The following is a brief introduction as to certain matters discussed elsewhere in this Official Statement and is qualified in its entirety as to such matters by such discussion and the text of the actual documents described or referenced. Any capitalized term not required to be capitalized is used with the meaning assigned in “EXHIBIT E – SUMMARIES OF FINANCING DOCUMENTS,” or in the Indenture of Trust, to be dated as of January 1, 2012 (the “Indenture”), between The Industrial Development Authority of the County of Pima (the “Issuer”), and U.S. Bank National Association, as trustee (the “Trustee”), the Loan Agreement, to be dated as of January 1, 2012 (the “Loan Agreement”), between the Issuer and American Leadership Academy, Inc. (the “Borrower”), an Arizona non-profit corporation, or other document with respect to which the term is used. Definitions contained in the text hereof are for ease of reference only and are qualified in their entirety by the definitions in “EXHIBIT E – SUMMARIES OF FINANCING DOCUMENTS,” or the documents with respect to which such terms relate. The Exhibits hereto are an integral part of this Official Statement and each potential investor should review the Exhibits in their entirety. General This Official Statement, including the cover page, the inside cover, the introductory statement and the Exhibits attached hereto (this “Official Statement”), is furnished in connection with this offering by the Issuer of its Education Facility Revenue Bonds (American Leadership Academy Project), Series 2012A, in the aggregate principal amount of $10,975,000 (the “Series 2012A Bonds). The Series 2012A Bonds were authorized by a resolution adopted by the Board of Directors of the Issuer on September 7, 2010, as amended by an amending resolution adopted by the Board of Directors of the Issuer on February 18, 2011, as further amended by that second amending resolution adopted by the Board of Directors of the Issuer on October 21, 2011, the Constitution and laws of the State of Arizona (the “State”), particularly The Industrial Development Financing Act, comprised of Title 35, Chapter 5 of the Arizona Revised Statutes (the “Act”) and will be issued under the Indenture. The proceeds of the Series 2012A Bonds will be loaned to the Borrower pursuant to the Loan Agreement. The Borrower will use the proceeds of the Series 2012A Bonds to: (i) finance and/or refinance the costs of acquiring, constructing, improving, operating and/or equipping of charter school facilities located at 34696 North Village Lane, San Tan Valley, Arizona (the “Series 2012 Facilities”); (ii) fund any required reserve funds as set forth in the Indenture; (iii) pay capitalized interest on the Series 2012A Bonds; and (iv) pay certain issuance expenses (collectively, the “Series 2012 Project”). The Borrower’s repayment obligation under the Loan Agreement will be evidenced by the Series 2012A Promissory Note executed by the Borrower (the “Series 2012A Promissory Note”). The Series 2012A Bonds and any Additional Senior Bonds issued on a parity therewith pursuant to the Indenture (collectively, the “Senior Bonds”), are special limited obligations of the Issuer payable exclusively from the Trust Estate pledged, assigned and mortgaged to the Trustee pursuant to the Indenture. The Trust Estate includes: (i) the rights, title and interests of the Issuer under the Loan Agreement (except for Issuer’s Unassigned Rights); (ii) the rights, title and interests of the Issuer in the Project (except the Issuer’s Unassigned Rights), subject to Permitted Encumbrances; (iii) the Revenues and all rights, title and interests of the Issuer in the Pledged Revenues, subject to Permitted Encumbrances (except the Issuer’s Unassigned Rights); (iv) the rights, title and interests of the Issuer and the Borrower under the Promissory Note(s) (except the Issuer’s Unassigned Rights) and the Deed of Trust, Security Agreement, Assignment of Rents and Leases and Fixture Filing, dated as of January 1, 2012, from the Borrower for the benefit of the Trustee as beneficiary thereunder (the “Deed of Trust”); (v) all Funds held by the Trustee pursuant to the Indenture (except amounts on deposit in the Cost of Issuance Fund, the Tax and Insurance Escrow Fund and the Rebate Fund), subject to the exceptions as provided in the Indenture; and (vi) any and all other interests in real or personal property of every name and nature from time to time hereafter by delivery or by writing of any kind specifically mortgaged, pledged or hypothecated. Funds  returned  via  Bond  financing…   Bond refinancing - January 2012 $10,875,000 Bond Amount Financed with Tax Free Bonds Bond Issuer – Gov. Bond Seller / Lender
  • 25. www.edufundamerica.com American  Charter   Development,  LLC   Over  $5  Billion  in  charter  school  bonds  issued   $0   $200   $400   $600   $800   $1,000   $1,200   1998   1999   2000   2001   2002   2003   2004   2005   2006   2007   2008   2009   2010   2011   2012   $11   $80   $208   $305   $225   $274   $327   $396   $571   $1,037   $556   $361   $951   $800   $340  
  • 26. www.edufundamerica.com American  Charter   Development,  LLC   Charter School - USCIS Approvals – I-526
  • 27. www.edufundamerica.com American  Charter   Development,  LLC   American Leadership Academy   Spanish Fork       INVESTOR REPAYMENT     16 months   Months to Repay Previous School Investor:
  • 28. www.edufundamerica.com American  Charter   Development,  LLC   Mountainville Academy       INVESTOR REPAYMENT     37 months   Months to Repay Previous School Investor:
  • 29. www.edufundamerica.com American  Charter   Development,  LLC   Washington Academy       INVESTOR REPAYMENT     26 months   Washington Academy       Months to Repay Previous School Investor:
  • 30. www.edufundamerica.com American  Charter   Development,  LLC   Washington Academy       Thomas Edison Academy       INVESTOR REPAYMENT     36 months   Months to Repay Previous School Investor:
  • 31. www.edufundamerica.com American  Charter   Development,  LLC   Washington Academy       INVESTOR REPAYMENT     22 months   Regan Academy       Months to Repay Previous School Investor:
  • 32. www.edufundamerica.com American  Charter   Development,  LLC   Washington Academy       INVESTOR REPAYMENT     35 months   Summit Academy       Months to Repay Previous School Investor:
  • 33. www.edufundamerica.com American  Charter   Development,  LLC   Washington Academy       INVESTOR REPAYMENT     20 months   Webster Academy       Months to Repay Previous School Investor:
  • 34. www.edufundamerica.com American  Charter   Development,  LLC   Washington Academy       INVESTOR REPAYMENT     21 months   Lincoln Academy       Months to Repay Previous School Investor:
  • 35. www.edufundamerica.com American  Charter   Development,  LLC   Fast  &  Proven  Return  of  Investor  Funds  
  • 36. www.edufundamerica.com American  Charter   Development,  LLC   Why  we  Finance  Charter  Schools   Safe: Government Pays Tuition, Secure: 10 years of Proven Job Creation success Predictable: 10 years Successfully Repaying Investors
  • 37. www.edufundamerica.com American  Charter   Development,  LLC   Inspired  Children   Join us and improve the lives of children too…
  • 38. www.edufundamerica.com American  Charter   Development,  LLC   Financing Schools that Inspire Children

Editor's Notes

  1. Each EB-5 requires 10 jobs.As long as there are enough students, there will be enough jobs because tuition income is guaranteed by the government.Other EB-5 projects need to take time to create enough jobs. Our schools will have enough jobs on the First Day of school.
  2. Actual student enrollment is much higher than planed because of high demand.
  3. An Affidavit is a legally bidding document. Actual student enrollment is much higher than planed because of high demand.
  4. (Jean Allen, President, Center for Education Reform, Washington, DC)
  5. EB5 investors join together to form a limited partnership company. They are the only partners (shareholders) of that company. EFA is the general partner (manager) of that company.ACD = American Charter DevelopmentThe Charter School itself is non-profit.Municipal bonds are guaranteed by the government. They are usually purchased by investment companies within a day. They carry very low interest.
  6. EB5 investors join together to form a limited partnership company. They are the only partners (shareholders) of that company. EFA is the general partner (manager) of that company.ACD = American Charter DevelopmentThe Charter School itself is non-profit.Municipal bonds are guaranteed by the government. They are usually purchased by investment companies within a day. They carry very low interest.
  7. EB5 investors join together to form a limited partnership company. They are the only partners (shareholders) of that company. EFA is the general partner (manager) of that company.ACD = American Charter DevelopmentThe Charter School itself is non-profit.Municipal bonds are guaranteed by the government. They are usually purchased by investment companies within a day. They carry very low interest.
  8. EB5 investors join together to form a limited partnership company. They are the only partners (shareholders) of that company. EFA is the general partner (manager) of that company.ACD = American Charter DevelopmentThe Charter School itself is non-profit.Municipal bonds are guaranteed by the government. They are usually purchased by investment companies within a day. They carry very low interest.
  9. EB5 investors join together to form a limited partnership company. They are the only partners (shareholders) of that company. EFA is the general partner (manager) of that company.ACD = American Charter DevelopmentThe Charter School itself is non-profit.Municipal bonds are guaranteed by the government. They are usually purchased by investment companies within a day. They carry very low interest.
  10. EB5 investors join together to form a limited partnership company. They are the only partners (shareholders) of that company. EFA is the general partner (manager) of that company.ACD = American Charter DevelopmentThe Charter School itself is non-profit.Municipal bonds are guaranteed by the government. They are usually purchased by investment companies within a day. They carry very low interest.