Concerning Issuance of Bonds to Finance Multifamily Residential Rental Developments Notice is hereby given that the Florida Housing Finance Corporation (“Florida Housing”) will conduct a public hearing in accordance with the Tax Equity and Fiscal ...

 

FLORIDA HOUSING FINANCE CORPORATION

The Florida Housing Finance Corporation announces a public meeting to which all persons are invited.

DATE AND TIME: June 17, 2008, 10:00 a.m. (Tallahassee local time)

PLACE: Florida Housing Finance Corporation, 227 North Bronough Street, Suite 5000, Tallahassee, Florida 32301

GENERAL SUBJECT MATTER TO BE CONSIDERED: Concerning Issuance of Bonds to Finance Multifamily Residential Rental Developments.

Notice is hereby given that the Florida Housing Finance Corporation (“Florida Housing”) will conduct a public hearing in accordance with the Tax Equity and Fiscal Responsibility Act of 1982 (“TEFRA”).

To conduct a TEFRA hearing concerning the potential future issuance of tax-exempt bonds by Florida Housing to finance the acquisition, construction or rehabilitation of the following multifamily residential rental development in the aggregate face amount, not to exceed the amount listed below:

Willow Lakes, a 304-unit multifamily residential rental development located on Hare Ave., approximately 135 feet west from the southwest corner of the intersection of Hare Ave. and Pecan St., and on Hare Ave., approximately 1,100 feet east from the northeast corner of the intersection of N. Arlington Ave. and Hare Ave., and on Hare Ave., approximately 850 feet east from the northeast corner of the intersection of N. Arlington Ave. and Hare Ave., and on Hare Ave., approximately 550 feet east from the northeast corner of the intersection of N. Arlington Ave. and Hare Ave., and on Hare Ave., approximately 350 feet east from the northeast corner of the intersection of N. Arlington Ave. and Hare Ave., and on India Ave., approximately 1,000 feet east of the northeast corner of the intersection of N. Arlington Ave. and India Ave., and on India Ave., approximately 800 feet east of the northeast corner of the intersection of N. Arlington Ave. and India Ave., and on India Ave., approximately 750 feet east of the northeast corner of the intersection of N. Arlington Ave. and India Ave., and on India Ave., approximately 350 feet east of the northeast corner of the intersection of N. Arlington Ave. and India Ave., and on Jasper Ave., approximately 550 feet west of the northwest corner of the intersection of Jasper Ave. and Pecan St., and on Kona Ave. at the northwest intersection of Kona Ave. and Pecan St., with a street address of 7703 Hare Avenue, Jacksonville, Duval County, FL 32211. The prospective owner and operator of the proposed development is CEC Willow Lakes, LLC, 151 Summer Street, Somerville, MA 02143, or such successor in interest in which Created Equal Communities, LLC, or an affiliate thereof, is a managing member, general partner and/or controlling stockholder. The prospective manager of the proposed development is Royal American Management, 1002 West 23rd Street, Suite 400, Panama City, FL 32405. The total tax-exempt bond amount is not to exceed $9,800,000.

All interested parties may present oral comments at the public TEFRA hearing or submit written comments regarding the potential bond issuance for the development being financed. Written comments should be received by Florida Housing by 5:00 p.m. (Tallahassee local time), June 16, 2008, and should be addressed to the attention of Wayne Conner, Deputy Development Officer. Any persons desiring to present oral comments should appear at the hearing.

If requested in writing, a fact-finding hearing will be held in the county where the property is located. When possible, the local hearing will be held before the formal TEFRA hearing and comments received at the local hearing will be placed on record at the TEFRA hearing.

Pursuant to the provisions of the Americans with Disabilities Act, any person requiring special accommodations to participate in this workshop/meeting is asked to advise the agency at least 5 days before the workshop/meeting by contacting: Wayne Conner at [phone]. If you are hearing or speech impaired, please contact the agency using the Florida Relay Service, 1(800)955-8771 (TDD) or 1(800)955-8770 (Voice).

If any person decides to appeal any decision made by the Board with respect to any matter considered at this meeting or hearing, he/she will need to ensure that a verbatim record of the proceeding is made, which record includes the testimony and evidence from which the appeal is to be issued.