NOTICE OF PUBLIC HEARING GALVESTON PUBLIC FACILITY NOTICE CORPORATION MULTIFAMILY HOUSING REVENUE BONDS (CEDAR TERRACE) SERIES 2013 Notice is hereby given of a public hearing to be held by Galveston Public Facility Corporation (the Issuer), on Tuesday, November 12, 2013, at 6:00 p.m., at the Galveston Housing Authority, Island Community Center, 4700 Broadway, Galveston, Texas 77551, with respect to an issue of multifamily housing revenue bonds (the Bonds), to be issued by the Issuer in one or more series of tax-exempt bonds in an aggregate principal amount not to exceed $15,000,000. The proceeds of the Bonds will be loaned to Galveston Initiative II, L.P. (or a related person or affiliate thereof, the Borrower), to finance a portion of the costs of development and construction of a multifamily residential rental development formerly known as Cedar Terrace (the Development), containing approximately 122 units and to be located at 2914 Ball Street, Galveston, Texas 77550. The Development will be initially owned by the Borrower. All interested persons are invited to attend such public hearing to express their views with respect to the Development and the issuance of the Bonds. Questions or requests for additional information may be directed to Deyna Sims-Hobdy, 4700 Broadway, Galveston, Texas 77551 or (409) 765-1980. Persons who intend to appear at the hearing and express their views are invited to contact Deyna Sims-Hobdy in writing or by telephone in advance of the hearing. Any interested persons unable to attend the hearing may submit their views in writing to Deyna Sims-Hobdy prior to the date scheduled for the hearing. This notice is published and the above-described hearing is to be held in satisfaction of the requirements of Section 147(f) of the Internal Revenue Code of 1986, as amended, regarding the public approval prerequisite to the exclusion from gross income for federal tax purposes of the interest on the Bonds, other than any taxable bonds. Location 2914 Ball Street Published Oct. 6 2012 than any taxable bonds. Published: October 6, 2013 00342533 2914 Ball Street Posted in Legal on Sunday, October 6, 2013 12:32 am. Find other ads like this Featured Searches By Category More Legals
Posted on: Tue, 05 Nov 2013 21:42:06 +0000
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