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Publications iconKansas Register

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Volume 43 - Issue 44 - October 31, 2024

State of Kansas

Kansas Development Finance Authority

Notice of Hearing

A public hearing will be held at 9:00 a.m. November 15, 2024, 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 $19,000,000. The Bonds will be issued pursuant to K.S.A. 74-8901 et seq. (the “Act”) to finance a portion of the costs of the acquisition and rehabilitation of an approximately 125-unit qualified residential rental project under Section 142 of the Internal Revenue Code, with an approximate address of 641 S. 71st Terr., and generally located on a lot at the southeast corner of the intersection of Kansas Ave. and S. 72nd St., in Kansas City, Kansas, known as Terrace Pointe, (the “Project”), to be owned and operated by Terrace Pointe, LP, a Kansas 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 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 at 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 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. 052612

Secretary of State Seal