Volume 41 - Issue 42 - October 20, 2022
State of Kansas
Kansas Development Finance Authority
Notice of Hearing
A public hearing will be held at 9:00 a.m. October 27, 2022, 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 tax-exempt exempt facility revenue bonds (the “Bonds”) in a principal amount not to exceed $6,120,000 to refund and reissue the Authority’s Multifamily Housing Revenue Draw-Down Bonds (YMCA Lofts Project) Series 2019L. The proceeds of such prior bonds were issued pursuant to K.S.A. 74-8901 et seq. (the “Act”) to finance the acquisition, rehabilitation, and equipping of a 44-unit residential rental project under Section 142 of the Internal Revenue Code known as YMCA Lofts, located at or about 900 N. 8th St., Kansas City, Kansas (the “Project”). The Project was initially, and is currently, owned and operated by Y Lofts, 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 and only from revenues pledged by the Borrower in amounts sufficient to pay the principal of, interest and redemption premium, if any, on the Bonds.
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 any specific Bonds, and all written comments previously sent to 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
Doc. No. 050606