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HomeMy WebLinkAboutDoc 595 - Housing Authority Certificate....... fl ..__ 405 SW 6th Street Redmond, OR 97756 p: 541.923.1018 f: 541.923.6441 www.housing-works.org October 3, 2013 BY MAIL/EMAIL Board of County Commissioners Deschutes County 1300 NW Wall Street, Suite 200 Bend, OR 97701 Re: Central Oregon Regional Housing Authority Multifamily Housing Revenue Bonds (Ariel Glen and Healy Heights Projects), Series 2013 Honorable Board of County Commissioners: The Central Oregon Regional Housing Authority (the "Authority") intends to issue tax-exempt conduit revenue bonds to finance 140 units of affordable housing in Deschutes County. The purpose of this letter is to notify you of the bond issuance and, pursuant to Section 147(f}(2}(A)(ii) of the Internal Revenue Code of 1986, as amended (the "Code"), to request the approval for the bond issue from the Board of County Commissioners of Deschutes County, as the "applicable elected representative" for Deschutes County, the jurisdiction in which the Authority is issuing bonds. The Authority intends to issue its Multifamily Housing Revenue Bonds (Ariel Glen and Healy Heights Projects), Series 2013 and to loan the proceeds of the bonds to Larkspur Housing LLC, an Oregon limited liability company of which the Authority is the managing member. Larkspur Housing LLC will acquire and rehabilitate (1) the 70-unit multifamily apartment complex presently known as the Ariel Glen Apartments, located in Bend, Oregon and (2) the 70-unit multifamily apartment complex presently known as the Healy Heights Apartments, located in Bend, Oregon. As required by the Code, the Authority published a notice in the Bend Bulletin of a public hearing for the projects and the bond issue at least two weeks in advance of the hearing. The hearing occurred on October 1, 2013. Attached for your reference are copies of the notice which was published, the affidavit of publication, and the minutes of the public hearing, along with the Certificate of County Commissioners approving the bond issue. We respectfully request that the Board of County Commissioners review and execute the certificate in order to approve the bond transaction as required by the Code. BOARD OF COMMISSIONERS ADMINISTRATION OCT - 7 2013 The bond issue is scheduled to close on December 12,2013. We appreciate your review of the attached documents and return of the executed certificate at your earliest convenience. Please let me know if you anticipate any issues in meeting this schedule. Please call me or Faith Pettis of Pacifica Law Group LLP, bond counsel to the Authority, at (206) 245-1715 if you have any questions. Very truly yours, Executive Director • Affidavit of Publication STATEjlF OREGON, COUNTY OF DESCHUTES I, Polly Schoenhoff, a citizen of the United States and a resident of the county aforesaid; 1 am over the age of eighteen years, and not party to pr interested in the above-entitled matter. I am the principal clerk of the printer of '. The Bulletin 1777 SW Chandler Ave, Bend OR 97702 a daily newspaper of general circulation, published in the aforesaid county and state as defined by ORS 193.010 and ORS 193.020, that Acct Name: HOUSI NG WORKS Legal Description: LEGAL NOTICE, Central Oregon Regional Housing Authority dba Housing Works (the "Authority") will hold an open public hearing for the purpose of considering the issuance ... a printed copy of which is hereto affixed was published in each regular and entire issue of the said newspaper and not in any supplement thereof on the following dates, to wit: 9115113 PageG5 I certify (or declare) under penalty of perjury that the foregoing is tr Dated at Bend, Oregon, this 16 day of September, 2013. AdName:20399953D State of Oregon, County of Deschutes Subscribed and Sworn to before me this lit? day of • ' 2011. by ~hb4 Notary Public for Oregon No. ____________________ In the _________ Court of the STATE OF OREGON for the COUNTY OF DESCHUTES OFFICIAL SEAL KENDRA L STOKES NOTARYPU~REGON COMMISSION NO. 480590 2017 AFFIDAVIT OF PUBLICATION Filed ___________ By _____________ From the Office of Attorney for __________ • I Raoge Rover. 2006, low miles, excellent condition. 6 disc CD, NC, leather interior; great SUV .. for wJnter driving. . ad, visit letin.com 95-5809 t .. 'II~ QQI't•• '-"'..............__ .... real property which 17.201!i. ~ijii8SLEGAL NOTICE the Grantor has or been canceIted. TheTRUSTEE'S NO­had power to next regu/!lrly, ached­TICE ~F SALE. convey at tha time uled meetirlg will be• Refere'nee is made of the execution by OOfIduoted Tuesday.to that certaln Trust Grantor of the II8id 0cr0bet1, 2013. TheDeed made by Deed of Trust, agenda and meetingDeAnna Dawn together with any report for·the OctoberChristiansen. as interest which the 1, 2013, meeting winGrantor, to Westem obligations thereby be posted Friday.TItle & Escrow secured and the September 27, 2013, ~any. as coats and expenses on the dis1ricI's web­Trustee, in favor of of sale. IncIudlng a site: www.bendpark-· Ron R. Bennett, as reasonable charge sandrac.org. For moreBeneficiary, dated by the TrUstee. infol11'Wl#on , callOctober 8, 2008, re­Notice is further 541-7()&.61 00.corded October 24. given that any 2008. as Instrument Pf¥'SOrt named in What are youNo. 2008-43208, ORs 86.753 has the Records of Des­right, at any lime lookingfor'?'chutes ,County, Or-prior to five (5) days You'll find It in fOllowing described egon, covering the before the date last sat for the sale, to The Bulletin Cl!Wlifieds real 'property situ­have' this ated in Deschutes foreclosura County, Oregon, proceeding 541-385-1809to-wit: lot 1, MCK- Regional "A hOld an ing the ISSUance by oftdt==~"BOnds") to finance the aO<1iU1S1tion ar housing facilitle$ in =~~ oated at, 405 commutl/Cation with BoElI'drrien...rs., The Bonds will be issued pursuant to Chapter 456 of the -~Re­ vise.d StatiJtes, aridthe Intl!lmld ~C<MIe of 1986, as~. The proceeds.of the Bonds will be ..~provide financing fdr the fol­ lowing plOjecls: • ­ project: Ariel Glen APartments Project Address: 1700 SE Tempest Drive, Bend, OR 9n02 Project: Healy Heights Apartments ProjflK:t Address: 1TlOo Nf: Bear Creek Road, Bend, OR m01 Total Estimated Cost $12.000,000 Estimates Maximum Bond Amount $7,500,000 Proceeds of the Bonds wi! be used,to~a p;IrtIon,of the ~ ~~~~whJc6':a~~~ Written oomments with ~to the pmposed projec;t.arId the pro­ds may be mailed or faxed t6the attention of Tom ~r, Works. ExecutIve Directclf, q sw 6th SWet. ftlIdrnond. Or­~n ~. or to (541) 923-2095; for ~t no Ieter thM 5 p.m. on septe~r 30'~ 2013. PutlIlc tesSimQny will, be ~_aIllnte~ members of the pubflC attending the hea'!n!'i. The AUtf\ori(y will COOiIIder the public testimony arid written comments In detarn:iiil!I'l if the proje(;ts will recE!ive funding ~tax-exempt bonds. TestImonY arid wtIttan cortt­ mants reaarQing I8nd use, zoning and environmental' regutatIoi't should be directed to fie local Iurisdlctlon that-is authorized to consider these metters when issuing building permits for the project. Anyone requiring an ~ClOIlSi$tent with the~with DiSabIlities Act sI'IoUIdcontact lmt HIll at (541)' S230i7402 or 1-866-327-88n ' . (TTY) at least 48 !lours in advance.of the hearirlg. For special assia­ tance due to motion. vision, speech and hearing dIiabiIItIes. the tali free number of CenturyUnk's services for customers with disabilities Is 1·800-223-3131. The results of the hearing will be sent to the City of Bend Mayor, Jim Clinton. for approval. Tom Kemper. Executive Director Housing Works (abn Central Oregon Regional Housing ~rity) ...... .J MINUTES OF THE PUBLIC HEARING Proposed Issuance of Tax-exempt Bonds October 1, 2013 I. Call to Order Pursuant to notice through the media and in conformance with the Public Hearings Law, Executive Director Thomas J. Kemper called the hearing to order at 3:02 p.m. II. Individuals Present Thomas J. Kemper Lori Hill Keith Wooden III. Discussion Kemper opened the public hearing by announcing the reason for the hearing. The hearing was open to public comment regarding the proposed issuance of tax-exempt bonds by Central Oregon Regional Housing Authority dba Housing Works to finance the acquisition and rehabilitation of the Ariel Glen and Healy Heights Apartments by Larkspur Housing LLC, of which the Authority is the managing member. Estimated bond amount would not exceed $7,000,000. Both apartment complexes are located in Bend, Oregon. The hearing was opened to public testimony and written comments. There were no written comments submitted and no members of the public in attendance. There being no public testimony or written comments the hearing was closed by Kemper at 3:07 p.m. Respectfully submitted, Lori Hill Acting Recording Secretary Page 1 of 1 nllhli,. hI:o::orinn mimlt/>c: 10 01 J01 ':\ CERTIFICATE OF BOARD OF COUNTY COMMISSIONERS OF DESCHUTES COUNTY APPROVING BONDS ISSUED BY THE CENTRAL OREGON REGIONAL HOUSING AUTHORITY We, the Board of County Commissioners of Deschutes County, Oregon (the "County"), CERTIFY that: WHEREAS, the Central Oregon Regional Housing Authority (the "Authority") is a public body corporate and politic of the State of Oregon; and WHEREAS, ORS 456.175 provides that a housing authority may issue bonds for any of its corporate purposes; and WHEREAS, the Authority intends to issue its Multifamily Housing Revenue Bonds (Ariel Glen and Healy Heights Projects), Series 2013 (the "Bonds"), in the aggregate principal amount of not to exceed $7,000,000 and to loan the proceeds thereof to Larkspur Housing LLC, an Oregon limited liability company (the "Borrower") of which the Authority is the managing member, in connection with the acquisition and rehabilitation of (1) the 70-unit multifamily apartment complex presently known as the Ariel Glen Apartments, located in Bend, Oregon and (2) the 70-unit multifamily apartment complex presently known as the Healy Heights Apartments, located in Bend, Oregon, and the payment of issuance costs with respect to the Bonds (together, the "Project"); and WHEREAS, a public hearing was held pursuant to the requirements of Section 147(f) of the Internal Revenue Code of 1986, as amended (the "Code"), with respect to the Bonds on October 1, 20l3, in Bend, Oregon, following timely notice being published in a newspaper of general circulation throughout the County; and WHEREAS, we have received a written summary of the public testimony; and WHEREAS, the Board of County Commissioners is a County-wide elected legislative body representing the County with respect to the approval of the Bonds for purposes of Section 147(f)(2)(A)(ii) of the Code. NOW, THEREFORE, we approve the issuance by the Authority of the Bonds, the proceeds of which will be loaned to the Borrower to finance the Project. This approval is intended to comply with the requirements of Section 147(f)(2)(A)(ii) of the Code in order to permit the issuance of the Bonds. In providing this certificate, the County shall take no financial responsibility and incur no financial liability with respect to the Authority'S issuance or repayment of the Bonds. C:IUsersltkemperlAppDalalLocallMicrosoftlWindowslTemporary Internel FileslContentOutiooklS819YJPElCounly Commissioners Certificate -CORHA 2013.doc DC -2013-595 IN WITNESS WHEREOF, we have executed this instrument this _ day of ____ 2013. Alan Unger, County Commissioner Deschutes County, Oregon Tammy Baney, County Commissioner Deschutes County, Oregon Tony DeBone, County Commissioner Deschutes County, Oregon -hIIErlJJ LEGAL COUNSEL -2-FLPOJY,DOC 13110102