Contact: Dee Ann Deaton

Mobile: (602) 402-6306

Email: deeaz@cox.net

PRESS RELEASE-IMMEDIATE RELEASE

Monday, July 17, 2006

$28,600,000 IDA BOND AWARDED to Charter Group

One of the Largest Issued to Non-profit Charter Schools in Arizona History!

New facilities and major renovation projects will soon be underway at three Choice Education and Development Corporation Charter School Campuses.   Sequoia Charter located in Mesa, Arizona Conservatory for the Arts and Academics in Phoenix, and Sequoia Village in Show Low, thanks to the $28,600,000 Education Facility Revenue Bonds Series 2006 (IDA Bond). The IDA Bond, issued on June 1, 2006 by the Industrial Development Authority of the County of Pima (IDA), is one of the largest designated to a nonprofit Charter School in Arizona history.

 “We are very thankful for the IDA Bond because Students attending Sequoia Charter School, Arizona Conservatory for Arts and Academics, Sequoia Charter School for the Deaf and Hard of Hearing and Sequoia Village will continue to receive the nurturing environment of our small schools and also reap the rewards that the new  resources and state-of-the-art facilities provide. The $28,600,000 from the bonds is our commitment to building a great future for our charter schools.” stated Ron Neil, Superintendent.

The IDA Bonds will finance the acquisition and renovation of:

• Sequoia Charter School (Horne campus) and Sequoia Charter School for the Deaf and Hard of Hearings 52,324 square foot facility located at 1460 South Horne in Mesa. New construction includes a 10,000 square foot gymnasium, classrooms and facilities for three new programs: Distance Learning Center, Performing Arts Program and expanded special education services. The Horne campus serves Kindergarten through 12^th grade Students.
• The Arizona Conservatory for the Arts and Academics (ACAA) 47,526 square foot facility. ACAA, a high end performing arts school with a college prep program, serves 6^th through 12^th grade students at 2820 West Kelton Lane in Phoenix.
• Sequoia Village’s 11,853 square foot facility. Construction and equipment for the new Home School Resource Support Center. Sequoia Village is a Kindergarten through 12^th grade school located at 982 Full House Lane in Show Low.

Enrollment is underway! To learn more visit www.sequoiaschools.org or call
(480) 461-3200 ext: 3.

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