HUDSON HOUSING AUTHORITY: 2/13/13 Public Hearing - Bonds

NOTICE OF PUBLIC HEARING ON ISSUANCE OF REVENUE BONDS BY THE HOUSING AUTHORITY OF THE CITY OF HUDSON, WISCONSIN AT THE

REQUEST OF HUDSON LEASED HOUSING

ASSOCIATES V, LIMITED PARTNERSHIP

NOTICE IS HEREBY GIVEN that a public hearing shall be conducted by the Board of Commissioners of the Housing Authority of the City of Hudson, Wisconsin (the “Authority”), on a proposal that the Authority issue its revenue bonds (the “Bonds”) to provide financing for the acquisition and renovation of a 72-unit multifamily rental housing project for persons of low and moderate income known as Cedar Ridge Apartments (the “Project”), located at 1400 and 1401 Namekagon Street in the City of Hudson (the “City”). The Project and the issuance of the revenue bonds are being undertaken by the Authority pursuant to Wisconsin Statutes, Sections 66.1201 to 66.1211, as amended (collectively, the “Act”).

The maximum aggregate face amount of the Bonds is currently estimated to not exceed $7,000,000. The owner and operator of the Project will be Hudson Leased Housing Associates V, Limited Partnership, a Minnesota limited partnership, or an affiliate thereof (the “Company”).

The Bonds shall be payable solely from payments and security provided by the Company. The Bonds shall not constitute an indebtedness of the Authority or the City within the meaning of any state constitutional provision or statutory limitation. The Bonds shall not constitute or give rise to a pecuniary liability, direct or contingent, of any kind or degree whatsoever, of the Authority or the City or a charge against the general credit or taxing powers of either.

The hearing will be held at the Authority’s general offices, 1015 2nd Street in the City. The hearing will be held on Wednesday, February 13, 2013 at 4:30 p.m. At said time and place the Board of Commissioners shall give all parties who appear an opportunity to express their views with respect to the acquisition and renovation of the Project and the issuance of the Bonds.

Publication Date: January 24, 2013

BY ORDER OF THE BOARD OF COMMISSIONERS

By: /s/ Joanne Branson, Executive Director

___________________________________ (Pub. 01/24/13) WNAXLP

Tags: public notices, meetings