Volume 43 - Issue 15 - April 11, 2024

State of Kansas

Kansas Development Finance Authority

Notice of Hearing

A public hearing will be held at 9:00 a.m. April 26, 2024, in the conference room of Kansas Development Finance Authority (the “Authority”), 534 S. Kansas Ave., Suite 800, Topeka, Kansas, regarding the technical reissuance by the Authority of its Multifamily Note (Pioneer Curtis Homes Project), Series 2020Q (the “Note”). The Note was issued in the amount of $4,081,000 to finance the costs of acquisition and rehabilitation of an existing 59-unit affordable multi-family housing property, operated as Pioneer Curtis Homes and located at 300 NW Grant St., Topeka, Kansas (the “Project”). The Project is owned and operated by Curtis Homes, LLC, a Kansas limited liability company (the “Borrower”). The technical reissuance of the Note will occur upon the conversion of the Project financing from the construction phase to the permanent phase, at which time the outstanding principal amount of the Note is expected to be $2,880,000.

The Note will be a limited obligation 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 Note constitute an indebtedness for which the faith and credit and taxing powers of the State of Kansas are pledged, but the Note 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 Note.

This public hearing does not impose any liability on the Authority or the State of Kansas but is an accommodation by the Authority to satisfy the requirements of Section 147(f) of the Internal Revenue Code of 1986, as amended.

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 hearing.

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 Note 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

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