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2019-08-20 10:00 AM - Commissioners' Agenda
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HA Resolution
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8/15/2019 12:45:20 PM
Creation date
8/15/2019 12:44:42 PM
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Meeting
Date
8/20/2019
Meeting title
Commissioners' Agenda
Location
Commissioners' Auditorium
Address
205 West 5th Room 109 - Ellensburg
Meeting type
Regular
Meeting document type
Supporting documentation
Supplemental fields
Alpha Order
b
Item
Request to Approve a Resolution Approving the Issuance of Revenue Obligations by the Housing Authority of Kittitas County in the Principal Amount of Not to exceed $15,435,000 to Finance the Acquisition, Rehabilitation and Equipping of Six Apartment Complexes to Provide Housing for Low-Income Persons in Kittitas County WA
Order
2
Placement
Consent Agenda
Row ID
55882
Type
Resolution
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MINUTES OF PUBLIC HEARING <br />The Housing Authority of Kittitas County (the "Authority") conducted a public hearing on <br />Tuesday, July 30, 2019, at 9:00 a.m., in the conference room on the second floor of the offices of <br />the Authority located at 107 West 11th Avenue, Ellensburg, Washington. <br />The purpose of the hearing was to consider public testimony on the proposed issuance by the <br />Authority, pursuant to chapter 35.82 RCW and a plan of financing with respect to the acquisition, <br />rehabilitation, and equipping of six multifamily housing facilities described below (collectively, <br />the "Projects"), of certain obligations the interest on which will be excluded from gross income for <br />federal income tax purposes pursuant to Sections 103 and 142 of the Internal Revenue Code of <br />1986, as amended (the "Code"). <br />Projects Portfolio Name: <br />Maximum Aggregate Total Principal <br />Amount of Obligations: <br />Projects Portfolio Principal User: <br />Cahill Manor Project <br />Project Description: <br />Project Location: <br />Maximum Principal Amount of <br />Obligations: <br />Cherry Lane Project <br />Project Description: <br />Project Location: <br />Maximum Principal Amount of <br />Obligations: <br />Helena Annex Project <br />Project Description: <br />Project Location: <br />53433727,2 <br />RAD Affordable Housing Portfolio Project <br />(Comprised of the six separate Projects listed below) <br />$15,435,000 <br />Kittitas RAD Affordable Housing Portfolio LLLP, <br />a Washington limited liability limited partnership <br />of which the Authority is the sole general partner <br />Acquisition, rehabilitation and equipping of a 20 -unit <br />multifamily housing facility currently known as <br />Cahill Manor <br />404 East Patrick Avenue, Kittitas, Washington <br />98934 <br />$2,757,000 <br />Acquisition, rehabilitation and equipping of a nine - <br />unit multifamily housing facility currently known as <br />Cherry Lane <br />301 East Cherry Lane, Ellensburg, Washington <br />98926 <br />$1,284,000 <br />Acquisition, rehabilitation and equipping of a five - <br />unit multifamily housing facility currently known as <br />Helena Annex <br />2201 North Airport Road, Ellensburg, Washington <br />98926 <br />
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