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Publications iconKansas Register

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Volume 42 - Issue 9 - March 2, 2023

State of Kansas

Kansas Development Finance Authority

Notice of Hearing

A public hearing will be held at 9:00 a.m. March 16, 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 notes (the “Tax-Exempt Obligations”) in a principal amount not to exceed $12,500,000. The Tax-Exempt Obligations will be issued pursuant to K.S.A. 74-8901 et seq. (the “Act”) to finance the acquisition and rehabilitation of an approximately 137-unit qualified residential rental project under Section 142 of the Internal Revenue Code comprised of three residential buildings, two of which are located at or about 623 Johnstown Ave. (currently known as Johnstown Towers), and one of which is located at 125 S. Oakdale Ave. (currently known as Oakdale Plaza), all in the City of Salina, Kansas, to be collectively renamed Oakdale Senior Village (the “Project”), the principal user of which will be OPG Oakdale Partners, 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 Floyd
President
Kansas Development Finance Authority

Doc. No. 050920

Secretary of State Seal