Subject
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 which all interested persons are invited.
To conduct a TEFRA hearing concerning the potential future issuance of tax-exempt bonds by Florida Housing to provide additional financing for the acquisition, construction or rehabilitation of the following multifamily residential rental development in the aggregate face amount, not to exceed the amount listed below:
Greynolds Commons, a 100-unit multifamily residential rental development located on or about the northwest corner of N. E. 179th Street and West Dixie Highway (including all land east and west of N. E. 25th Avenue right of way and 17990 West Dixie Highway, North Miami Beach, Miami-Dade County, Florida 33160. The owner and operator of the development is Greynolds Common, Ltd., 1666 Kennedy Causeway, Suite 505, North Bay Village, Florida 33141 or such successor in interest in which Landmark Development Corp., 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, Florida 32405. The tax-exempt bond amount is not to exceed $13,500,000.
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 14, 2010, and should be addressed to the Attention: Len Stirrat, Multifamily Bond Administrator. 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.