Agenda

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AI- 53311

Housing Finance Corporation

Meeting Date:	12/05/2022
TEFRA Hearing - Meridian at Wylie
Submitted By:	Hilari Monk
Department:	Administrative Services

Information

Department Action

TEFRA Hearing: The Internal Revenue Code requires that prior to the issuance of “private activity bonds” (bonds issued by or on behalf of a state or local government for the purpose of financing a project for a non-governmental user) such as the bonds proposed for Meridian at Wylie, the bonds and the project must be approved by an “Applicable Elected Representative” (either the County Judge or the Commissioners Court in the case of Collin County) following a public hearing at which members of the general public are given the opportunity to express their views regarding the bonds or the project. The purpose of the hearing is to provide a forum for public comment to be considered by the Applicable Representative whether to approve the bonds and the project for the limited purpose required by the Internal Revenue Code. As such, no response to any comments is required other than that the comments will be considered by the Commissioners Court.

Purchasing Department Action

HR and/or IT Action

Budget Department Action

Auditor's Office Action

Commissioners Court

Public Hearing - Revenue bonds to be issued in an aggregate principal amount not to exceed $32,500,000 to finance the acquisition and construction and equipping of a residential rental development for seniors in Collin County by Roers Wylie Apartments Owner I, L.P., Administrative Services.

Budget Information

Information about available funds

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Adjustment:

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Unbudgeted:

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Amendment:

Account Code(s) for Available Funds
1:

Fund Transfers

Attachments
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