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Home My WebLink About2014-079RESOLUTION NO. 14-079 A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF ST. LUCIE COUNTY, FLORIDA, APPROVING THE ISSUANCE BY THE HOUSING FINANCE AUTHORITY OF ST. LUCIE COUNTY OF ITS MULTIFAMILY HOUSING REVENUE BONDS, SERIES 2014 IN THE AGGREGATE AMOUNT NOT TO EXCEED $18,000,000 TO PROVIDE FUNDS TO FINANCE THE MULTIFAMILY RESIDENTIAL RENTAL HOUSING PROJECT FOR THE BENEFIT OF LENNARD ROAD PARTNERS, LTD., A FLORIDA LIMITED PARTNERSHIP, OR ITS AFFILIATE; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, the Housing Finance Authority of St. Lucie County, Florida (the "Authority") has authorized the initiation of official action to issue its Multifamily Housing Revenue Bonds, Series 2014 (Grove Park Apartments) (the "Bonds") on behalf of Lennard Road Partners, Ltd., a Florida limited partnership, to provide financing or refinancing for the acquisition, construction and equipping of a residential rental facility to be known as Grove Park Apartments, to consist of approximately 210 units to be located on approximately 18.54 acres located on S.E. Lennard Road, east of the intersection of S.E. Lennard Road and S.E. Hillmoor Drive, Port St. Lucie, Florida 34952; and WHEREAS, the Authority conducted a public hearing on May 29, 2014, notice of which hearing was published on May 15, 2014, in the News Tribune (a copy of which notice is attached hereto as Exhibit "A" and incorporated herein), for the purpose of considering the issuance of the Bonds by the authority in the aggregate principal amount not to exceed $18,000,000, in conformance with the requirements of Section 147(f) of the Internal Revenue Code of 1986, as amended. Said public hearing disclosed no reason why the Bonds should not be issued. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF ST. LUCIE COUNTY, FLORIDA: Section 1. This Resolution is adopted pursuant to the requirements of Section 147(f) of the Internal Revenue Code of 1986, as amended, and other applicable provisions of law. Section 2. The Board of County Commissioners (the "Board") of St. Lucie County, Florida, hereby approves the issuance by the Authority of its not to exceed $18,000,000 Multifamily Housing Revenue Bonds (Grove Park Apartments), Series 2014. Section 3. Nothing contained in this consent and approval shall be deemed to create any obligation or obligations of St. Lucie County or the Board of County Commissioners. Section 3. This resolution shall take effect immediately upon its adoption. Passed and Adopted this v day of June, 2014, at a regular meeting called and held. (SEAL) ST. LUCIE COUNTY, FLORIDA Chair, Boa of County Commissioners ATTEST: By: r f the ircuit Court and -officio Clerk of the Board APPROVED AS TO FORM AND CORRECTNESS: ~ypY County Attorney '~-~;•. NOTICE OF PUBLIC HEARING= ' ~' ` office is ~hereby,`given~ that the":Housing ~inence Authonty,of SL :L'ucie„County, lorida {the 'Authority'-.will',hold anc 4be heard, at-the offices of the Authorit, in the law .Library of.the -County •Atto ;:ney.'s_ Office, 2300• Virginia Avenue, 3r c Floor, Fart"Pierce, Flonda 3482; for th purpo"se. of!receiving comments: an ~'hearinq: discussion'concerning-a`ptan~< ~finaricrri "(within the meaning~of~Ser 'tion, 147~fj of the Internal`Revanue~Cod 'of 1986, a's amendedlt-on;the".following: The.,proPPosed issuance; by the>Authoril 'of it's' Multifamily Housrng"Revenu 'Bonds,-`fn ~an aggi.egate-princip< ;>amount. of not ~to' exceed 578;000,000 i ' 'one`~.o} -more. series;;toprovide finani ing.;for ttie acquisitiorc, con'structio and equipping of residential rental it ~cilities'°to be known.as.Grove~. Par Apartments' cansisting:`of.;approx :merely '210 :units'to~ba located ;on- a{ ;oioximately 18.54-acres .located:;on"S:I .~ of: S.E. Lerinard'Road.and'S:E.' Hillmoor Drive; Port-SL Lucie, Flontla.34952,to ' be occupied by, persons;of low: to'.mod= -orate income; and'~owned`and operated ,by',`Lennard' Road ~Partriers,. Cid:;~,a Flori- '-dad limited: partnership;~and/or.'its affili- ates ' .,~ - c, . ~f_ `r•q , All'.interestetl -pahies ere:'invited ao,,pres- :erit,their'commenfs at`theaime and place,set`forth.abowe.., Persons: ere'adyised~ that; of they' decide ;to appeal~anysidecision'made'at~thls hearing, -they wi11'.rieed~ a record of the :, proceedings,_arid;forsucly..purpose; 'they-'may',_need to ensure that .a, varba- rim record 'of°the: proceedings; is made_ ',which'record includes''the testimony Y'and evidence: upom which the appeal' is "to.be.tiased: - . !n :accordance with the Amencensywith gmeefing'stiouldccontact George Landry` 'rAOA. Coordinator, at`,(7:721' 462-1546, or T.D.D:.(7721.462 1428:: at-loess"t•forty- e}ght _1481 hours pnor to ahe meeting HOUSING~RNANCE Af1THORITY,OF-' ~' ST, tUCIE COUNTY; Fl`OFtIDA ~;: _ ' ' " - ' fi06ERT;DAVIS;:CHAIRMAN? ~ ;;.'f.' PUBLISH DATEi May-15;.2014 `- .: ;TCN2623500 .~. ~. ~, a'' <;~ .r - . !i -. .'~ '~ y. .. n: _ '?' . ~~ EXHIBIT „A ,, D .~.