2011/06/01 Council Agenda Packet

MINUTES OF PUBLIC HEARING 2 The Housing Authority of the City of Everett (the"Authority") conducted a public hearing on Tuesday, May 3, at 10:00 a.m., at the offices of the Authority located at 3107 Colby Avenue, Everett, Washington. The-purpose-of-the-hearing was to consider public testimony on the proposed issuance-by Authority, pursuant to chapter 35.82 RCW and a plan of financing with respect to the Broadway Plaza Apartments project described below (the "Project"), of certain obligations the interest on which will be excluded from gross income for federal income tax purposes pursuant to Sections 103 and 142 of the Internal Revenue Code of 1986, as amended(the"Code"). Project Description: Finance or refinance the rehabilitation of a 190- unit apartment complex to provide housing for low-income persons. Maximum Amount of Obligations: Not to Exceed $13,000,000 Project Operator: Broadway Plaza LLLP, a Washington limited liability limited partnership of which the Authority is the sole general partner Project Location: 3017 Lombard Avenue and 3020 Broadway, Everett,Washington The hearing was called to order by S. Bud Alkire, Executive Director of the Authority, at 10:00 a.m. No one from the public appeared to present testimony. No written comments were received prior to or at the hearing. The hearing was .:'ourn10:05 a.m. j107/ S. ud kire, Executive Director 51141719.1 16 5