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1-9-23
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1-9-23
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9/12/2023 7:35:06 AM
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City Meetings
Meeting Body
City Council
Meeting Doc Type
Agenda Packet
Date
1/9/2023
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MINUTES OF PUBLIC HEARING <br />A public hearing was held by The Southeast Texas Housing Finance Corporation (the <br />"Issuer") telephonically whereby all interested persons could monitor and participate in the <br />hearing by calling 1-800-504-4496 (Access Code: 4844663, followed by the # key), on October <br />12, 2022, beginning at 11:00 a.m.., Central time. <br />The hearing was held with respect to the proposed issuance by the Issuer of not to exceed <br />$30,000,000 of its Multifamily Housing Revenue Bonds (The Portofino) (the "Bonds") in <br />satisfaction of the requirements of Section 147(f) of the Internal Revenue Code of 1986, as <br />amended, regarding the public approval prerequisite to the excludability of the interest on the <br />Bonds from gross income for federal income tax purposes. <br />The Notice of Public Hearing published in the Houston Chronical and the Beaumont <br />Enterprise on September 27, 2022 indicated that the proceeds of the Bonds will be used to <br />finance the acquisition, rehabilitation and equipping of The Portofino (the "Development"), <br />located within the geographic limits of the City of Pasadena, Texas, by Pasadena Leased Housing <br />Associates I, Limited Partnership, or an affiliate thereof (the "Borrower "). <br />Present at the hearing on behalf of the Issuer was Ron Williams, the hearing officer for <br />the Issuer (the "Hearing Officer ") and Candace Carrier -Spencer, executive assistant of the <br />Issuer. Others present were Evelyn Irwin, Rachael Jensen and Nora O'Brien of Chapman and <br />Cutler LLP, bond counsel to the Issuer and Austin Holmes, Evan Sandoe and Jeffrey Spicer of <br />Dominium Development and Acquisition, LLC, an affiliate of the Borrower. <br />The Hearing Officer called the meeting to order and asked if there were any interested <br />persons present who wished to express their views with respect to the issuance of the Bonds, or <br />the Development being financed. <br />No one expressed an interest to speak. <br />Whereupon the Hearing Officer closed the public hearing at 11:16 a.m. <br />TEFRA Minutes - The Portofino 4867-9523-9480 v2.docx <br />2306579 <br />
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