Notices of Public Hearing
For certain types of private activity bonds, a public hearing (sometimes referred to as a “TEFRA hearing”) is mandated by the IRS to provide a reasonable opportunity for interested individuals to express their views, either orally or in writing, on the issuance of bonds and the nature of the improvements and projects for which the bond funds will be allocated. Please consult your tax lawyer should you have any questions regarding the requirements to satisfy the mandate of Section 147(f) of the Internal Revenue Code of 1986, as amended.
If no information is listed below, there are no public hearings currently scheduled.
HEARING DATE: Wednesday, April 17, 2024, at 11:00 a.m. local time (Arizona Time)
REFERENCE: Ironwood Ranch Apartments, L.P., an Arizona Limited Partnership
– Click the link below the Summary for the Notice in its entirety. File Type: PDF
BRIEF SUMMARY: A public hearing will be held by a representative of the Arizona Industrial Development Authority (the “Issuer”) on April 17, 2024, at 11:00 a.m. local time (Arizona Time), or as soon thereafter as the matter can be heard, regarding the proposed issuance by the Issuer of its revenue notes, bonds or other obligations in one or more series from time to time pursuant to a plan of financing, in an amount not to exceed $60,000,000, the proceeds of which will be loaned to Ironwood Ranch Apartments, L.P., an Arizona limited partnership (together with any of its successors or affiliates, the “Borrower”), to finance and/or refinance, as applicable, all or a portion of the costs of the acquisition, construction, improvement, equipping and/or operation of a qualified residential rental facility (including improvements and facilities functionally related and subordinate thereto) to be comprised of an anticipated 252 units (all or a portion of which will be set aside for occupancy by low- to moderate-income tenants) situated on approximately 12 acres of real property generally located at the southwest corner of North White and Parker Road and Honeycutt Road, Maricopa, Arizona (collectively, the “Facilities”). The Facilities will be owned and/or operated by the Borrower. For more information, including information on how to attend the public hearing, please see the complete Notice of Public Hearing linked below, which includes toll free dial-in information.
HEARING DATE: Thursday, February 1, 2024, at 11:00 a.m. local time (Arizona Time)
REFERENCE: FSL Village on Humphreys Flagstaff 2019, LP, an Arizona Limited Partnership
– Click the link below the Summary for the Notice in its entirety. File Type: PDF
BRIEF SUMMARY: A public hearing will be held by a representative of the Arizona Industrial Development Authority (the “Issuer”) on February 1, 2024, at 11:00 a.m. local time (Arizona Time), or as soon thereafter as the matter can be heard, regarding the proposed issuance by the Issuer of its revenue notes, bonds or other obligations in one or more series from time to time pursuant to a plan of financing, in an amount not to exceed $10,000,000, the proceeds of which will be loaned to FSL Village on Humphreys Flagstaff 2019, LP, an Arizona limited partnership (the “Borrower”), in order to finance and/or refinance, as applicable, all or a portion of the costs of the acquisition, construction, improvement, equipping and/or operating of a qualified residential rental facility (including improvements and facilities functionally related and subordinate thereto) which is expected to be comprised of approximately 70 units (all or a portion of which will be set aside for occupancy by low- to moderate-income senior tenants (age-restricted)) situated on approximately one acre of real property generally located at or near 320 N. Humphreys St, Flagstaff, Arizona 86001 (collectively, the “Facilities”). The Facilities will be owned and/or operated by the Borrower. For more information and to attend the public hearing, please see the complete Notice of Public Hearing linked below, which includes toll free dial-in information.
