City of Austin City Council met Nov. 15.
Here is the agenda provided by the council:
MINUTES OF PUBLIC HEARING
Re: — Austin Affordable PFC, Inc. Multifamily Housing Revenue Bonds (Bridge at Canyon View)
The undersigned Hearing Officer of the Austin Affordable PFC, Inc. (the “Issuer’’) had the public hearing called to order at 9:02 a.m. on Friday, November 15, 2024, and conducted telephonically on behalf of the Issuer pursuant to Section 147(f) of the Internal Revenue Code and Revenue Procedure 2020-21.
The Hearing Officer declared that the public hearing, required under Section 147(f) of the Internal Revenue Code of 1986, was open for purposes of discussing the Bonds, the proceeds of which will be loaned to Bridges at Canyon View, LP (the “Borrower”), to finance a portion of the costs of the acquisition and construction of a multifamily residential rental development containing approximately 215 units and to be located at approximately 4506 E. William Cannon Drive, Austin, Texas 78744 (the “Project”). The proposed multifamily residential rental development will be initially owned and operated by the Borrower.
The required notice of the public hearing for the Project was published in the Austin American Statesman, being a newspaper of general circulation in the specific location of the Project and in the jurisdiction in which the public hearing was held, as set forth in the affidavit of publication attached hereto as Exhibit A. No comments were made by the general public at the public hearing with respect to the Project.
After sufficient time was given for all present to make their comments with respect to the Bonds and the Project, the Hearing Officer declared the Public Hearing closed.
https://services.austintexas.gov/edims/document.cfm?id=441928