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: August 5, 2008, 10:00 a.m.

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

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 bonds by Florida Housing to refinance the acquisition and construction of the following multifamily residential rental development in the aggregate face amount, not to exceed the amount listed below:

Ocean Walk Apartments, a 296-unit multifamily residential rental development located at 3900 South Roosevelt Boulevard, Key West in Monroe County, FL 33040. The prospective owner and operator of the proposed development is CRICO of Ocean Walk, Limited Partnership, Two North Riverside Plaza, Suite 400, Chicago, IL 60606, or such successor in interest in which CRICO of Ocean Walk, Limited Partnership, or an affiliate thereof, is a managing member, general partner and/or controlling stockholder. The prospective manager of the proposed development is ERP Residential Management, LLC, Two North Riverside Plaza, Chicago, IL 60606. The total tax-exempt bond amount is not to exceed $21,079,921.

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), August 4, 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.

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.