NOTICE OF PUBLIC HEARING ON THE ISSUANCE OF REVENUE BONDS TO FINANCE A MULTIFAMILY RENTAL HOUSING DEVELOPMENT UNDER MINNESOTA STATUTES, CHAPTER 462C, AS AMENDED NOTICE IS HEREBY GIVEN that the Board of Commissioners (the "Board") of the Hennepin County Housing and Redevelopment Authority (the "HRA") will hold a public hearing on May 2, 2017, commencing on or after 1:30 p.m. in the Hennepin County Commissioner Board Room (A-2400) at the Hennepin County Government Center, 300 South Sixth Street, in the City of Minneapolis to consider a housing program (a "Housing Program") prepared under the provisions of Minnesota Statutes, Chapter 462C, as amended (the "Act"), for the issuance by the HRA of revenue bonds or other obligations (the "Bonds") to finance a multifamily housing development to be located in the City of Minneapolis. The Bonds are proposed to be issued to finance the Housing Program in an amount not to exceed $20,000,000. The Bonds may be issued in one or more series of tax-exempt or taxable obligations. The project proposed to be financed under the Housing Program consists of the acquisition, construction, and equipping of an approximately 169-unit multifamily rental housing development to be located at 815 South Sixth Street in the City of Minneapolis (the "Project"). The Project will be developed and initially operated by East Town Apartments Limited Partnership, a Minnesota limited partnership, or its affiliates or assigns. The Bonds will be issued by the HRA and will be a special, limited obligation of the HRA payable solely from the revenues pledged to the payment thereof. The Bonds will not constitute a general or moral obligation of the HRA and will not be secured by any taxing powers of the HRA or Hennepin County or other assets of the HRA (other than the interests of the HRA in the Project) or assets of Hennepin County. At said time and place all parties who appear shall be given an opportunity to express their views with respect to the Housing Program and the proposal to issue the Bonds to finance the Housing Program and the Project. For further information, please contact Margo Geffen, Manager of Housing Development and Finance, 612-543-1965.
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