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PUBLIC HEARING ON MULTIFAMILY HOUSING REVENUE BONDS June 5, 2020

NOTICE OF PUBLIC HEARING ON PROPOSED MULTIFAMILY HOUSING REVENUE BONDS TO BE ISSUED BY THE HOUSING AUTHORITY OF THE CITY OF GAINESVILLE, GEORGIA

Notice is hereby given that on the 5th day of June, 2020, at 10:00 a.m. a public hearing will be held and members of the public may participate by telephone through the use of a toll-free teleconference, at phone number (877) 853-5247 with Meeting ID No. 816 2595 3754.

The hearing will be held concerning the proposed issuance of multifamily housing revenue bonds, in one or more series (the “Bonds”) by the Housing Authority of the City of Gainesville, Georgia (the “Authority”) in the aggregate principal amount of approximately $25,000,000, for the purpose of assisting Gainesville Leased Housing Associates IV, LLLP, a Minnesota limited liability limited partnership (hereinafter referred to as the “Borrower”), with the acquisition, rehabilitation, installation and equipping of an approximately 220-unit multifamily housing apartment project located on an approximately 18-acre site at 1240 Vineyard Way, 30504, near the intersection of McEver Road and Browns Bridge Road, in the City of Gainesville, Georgia 30504 (the “Project”). The hearing will be held before a hearing officer designated by the Authority, and may be continued or adjourned.

The Bonds, when and if issued, will be the limited obligation of the Authority and will not constitute a general obligation of the State of Georgia, the City of Gainesville, Georgia or the Authority, nor shall the Bonds be payable in any manner by taxation but are payable solely from the payments made by or on behalf of the Authority, pursuant to an agreement between the Authority and the Borrower which are pledged to the payment of the Bonds. The issuance of Bonds will be is in furtherance of the public purpose of the Authority.

Any person having views on the proposed issuance of the Bonds or the nature or location of the proposed project may be heard at such public hearing.

Housing Authority of the City of Gainesville, Georgia
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