Volume 40 - Issue 17 - April 29, 2021
State of Kansas
Kansas Development Finance Authority
Notice of Hearing
A public hearing will be held at 9:00 a.m. May 17, 2021, in the conference room of Kansas Development Finance Authority (the “Authority”), 534 S. Kansas Ave., Suite 800, Topeka, Kansas, on the proposed issuance by the Authority in one or more series of revenue bonds (the “Bonds”) in a principal amount not to exceed $35,000,000. The Bonds will be issued pursuant to K.S.A. 74-8901 et seq. (the “Act”) to finance the construction and equipping of an approximately 248-unit qualified residential rental project under Section 142 of the Internal Revenue Code to be known as Union at the Loop, which project will be located at or about 3250 Michigan St., Lawrence, Kansas, and will be owned and operated by Union at the Loop, LP, an Indiana limited partnership (the “Borrower”).
The Bonds will be limited obligations of the Authority, payable solely from revenues pledged by the Borrower, and will not constitute a general obligation or indebtedness of the State of Kansas or any political subdivision thereof, nor will the Bonds constitute an indebtedness for which the faith and credit and taxing powers of the State of Kansas are pledged, but the Bonds will be payable solely and only from revenues pledged by the Borrower in amounts sufficient to pay the principal of, interest and redemption premium, if any, on the Bonds.
As part of ongoing efforts to limit the spread of novel coronavirus in Kansas and in compliance with IRS Revenue Procedures 2020-21 and 2020-49, interested individuals are encouraged to participate in the public hearing via conference call. Please call toll free at 866-620-7326 and use conference identification number 1597221260 followed by # to join the conference.
All individuals who participate in the hearing, including those physically present and those joining the hearing via conference call, will be given an opportunity to express their views for or against the proposal to issue the Bonds, and all written comments previously filed with the Authority at its above referenced offices will be considered. Additional information regarding the project may be obtained by contacting the Authority at the address of its offices shown above.
Rebecca E. Floyd
Doc. No. 049080