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Publications iconKansas Register

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Volume 42 - Issue 46 - November 16, 2023

State of Kansas

Kansas Development Finance Authority

Notice of Hearing

A public hearing will be held at 9:00 a.m. December 1, 2023, in the conference room of Kansas Development Finance Authority (the “Authority”), 534 S. Kansas Ave., Suite 800, Topeka, Kansas, on the proposed issuance of revenue bonds (the “Bonds”) by the Authority, in one or more series, in a total aggregate principal amount not to exceed $30,000,000. 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 111-unit qualified residential rental project under Section 142 of the Internal Revenue Code, on vacant land located at or about 657 N. Millridge Street (generally, bounded by the South Trail to the North, Millridge Street to the East, Southside Pet Hospital to the South, and the Rolling Ridge Trail to the West) in the City of Olathe, Kansas, to be known as Elevate Senior Living at Olathe (the “Project”), the principal user of which will be Elevate Safepoint KC, LLC, a Kansas limited liability company (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 from revenues pledged by the Borrower in amounts sufficient to pay the principal of, interest and redemption premium, if any, on the Bonds.

Interested individuals may participate in the public hearing in person or via conference call. Please call toll-free 844-621-3956 and use access code 145 880 8929 followed by # to join the conference.

At the time and place fixed for the hearing, all individuals who appear will be given an opportunity to express their views for or against the proposal to issue the Bonds for the Project, 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 Floyd
President
Kansas Development Finance Authority

Doc. No. 051662

Secretary of State Seal