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Publications iconKansas Register

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Volume 42 - Issue 44 - November 2, 2023

State of Kansas

Kansas Development Finance Authority

Notice of Hearing

A public hearing will be held at 9:00 a.m. November 17, 2023, 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 or notes (the “Tax-Exempt Obligations”) in a principal amount not to exceed $45,000,000. The Tax-Exempt Obligations 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 220-unit qualified residential rental project under Section 142 of the Internal Revenue Code located at or about 16700 W. 127th St., Olathe, Kansas and generally bounded by W. 127th Street to the south, Rogers Road to the west, E. 126th Terrace to the north, and N. Mur-Len Road to the east, known as Clarion Park Apartments (the “Project”), the principal user of which will be Clarion Park Housing I, LLC, a Kansas limited liability company (the “Borrower”).

The Tax-Exempt Obligations 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 Tax-Exempt Obligations constitute an indebtedness for which the faith and credit and taxing powers of the State of Kansas are pledged, but the Tax-Exempt Obligations 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 Tax-Exempt Obligations.

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 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 Tax-Exempt Obligations 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 E. Floyd
President
Kansas Development Finance Authority

Doc. No. 051606

Secretary of State Seal