
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: Thursday, February 6, 2025, at 11:00 a.m. local time (Arizona time)
REFERENCE: Banner Health, an Arizona nonprofit corporation
– 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 6, 2025, 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 Industrial Development Authority of the County of Maricopa (the “Maricopa IDA”) of its Tax-Exempt Commercial Paper Revenue Notes (Banner Health) (the “Commercial Paper Notes”) to provide for a plan of financing, refinancing and reimbursing Banner Health (the “Corporation”), an Arizona nonprofit corporation, for the costs of the projects as hereinafter described and to pay costs of issuance of the Commercial Paper Notes. The Commercial Paper Notes will be issued from time to time in a maximum principal amount not to exceed $400,000,000 outstanding at any time, and the maximum aggregate principal amount of Commercial Paper Notes to be issued pursuant to the plan of finance described herein shall not exceed $400,000,000 (exclusive of Commercial Paper Notes issued solely to pay the maturing principal of Commercial Paper Notes). A portion of the Commercial Paper Notes, up to $207,600,000 in aggregate principal amount (the “Non-Maricopa County Portion”), is expected to be used to finance, refinance or reimburse the Corporation for the costs of certain projects located outside of the jurisdiction of Maricopa County in Tucson, Casa Grande, and Payson, Arizona. The Commercial Paper Notes will be issued as “qualified 501(c)(3)” bonds pursuant to Section 145 of the Internal Revenue Code of 1985, as amended. The projects and facilities to be financed and refinanced with the proceeds of the Commercial Paper Notes in Tucson, Arizona, are owned and operated by the Corporation through its wholly owned affiliates, Banner-University Medical Center Tucson Campus, LLC and Banner-University Medical Center South Campus, LLC. All other projects and facilities described herein to be financed and refinanced with the proceeds of the Commercial Paper Notes are owned and operated by the Corporation. 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 6, 2025, 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 6, 2025, 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 $16,000,000, the proceeds of which will be loaned to FSL Village on Humphreys Flagstaff 2019, LP, an Arizona limited partnership (together with any of its successors or affiliates, 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.
HEARING DATE: Thursday, February 6, 2025, at 11:00 a.m. local time (Arizona time)
REFERENCE: Butterfield Commons Apartments LLC, a Colorado limited liability company
– 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 6, 2025, 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 $45,000,000, the proceeds of which will be loaned to Butterfield Commons Apartments LLC, a Colorado limited liability company (together with any of its successors or affiliates, 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 174 units (all or a portion of which will be set aside for occupancy by low- to moderate-income tenants) situated on approximately 6.79 acres of real property generally located east of the southeast corner of North John Wayne Parkway and West Honeycutt Avenue (west of West Maricopa-Casa Grande Highway) in the City of Maricopa, Arizona (expected to be assigned an address of 44235 Reinsman Blvd, Maricopa, Arizona 85139) (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.