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Post Date: Aug.31,2021

NOTICE OF PUBLIC HEARING ON PROPOSED

REVENUE BONDS TO BE ISSUED BY

THE HOUSING AUTHORITY OF THE CITY OF EAST POINT, GEORGIA

Notice is hereby given that on the 9th day of September, 2021, at 10:30 a.m. a Public Hearing will be held concerning the proposed issuance of multifamily housing revenue bonds, in one or more series (the “Bonds”) by the Housing Authority of the City of East Point, Georgia (the “Authority”) in the aggregate principal amount of not to exceed $13,500,000 (the “Bonds”) for the purpose of assisting VG Nelms, LP, a Georgia limited partnership (hereinafter referred to as the “Borrower”), with the acquisition, construction, rehabilitation and equipping of an multifamily housing apartment complex consisting of approximately 88 apartment units,  to located on an approximately 1.37-acre site at 1600 Connally Drive in the City of East Point, Georgia 30344, near the intersection of Connally Drive and Main Street (the “Project”).  The hearing will be held via teleconference in accordance with Revenue Procedure 2020-49 due to the COVID-19 pandemic and will be accessible to the residents of the City of East Point by joining a Zoom meeting or calling the numbers below, with the listed passcode:

Join Zoom Meeting
https://us02web.zoom.us/j/87015408335?pwd=WVlMWkhkZUhUMlRyLzFTZUJRWHo5Zz09

Meeting ID: 870 1540 8335

Passcode: 580293

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+13126266799,,87015408335#,,,,*580293# US (Chicago)
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Meeting ID: 870 1540 8335
Passcode: 580293
 

Any person interested in the proposed issuance of the Bonds or the financing of the Project may join in the meeting as instructed above and be heard. The Bonds, when and if issued, will be the limited obligation of the Authority and will not constitute a general obligation of the State of Georgia, the City of East Point, Georgia, or the Authority, nor shall the Bonds be payable in any manner by taxation, but are payable solely from the payments made by or on behalf of the Borrower, which are pledged to the payment of the Bonds pursuant to an agreement between the Authority and the Borrower.  The issuance of Bonds is in furtherance of the public purpose of the Authority. NO PERFORMANCE AUDIT OR PERFORMANCE REVIEW SHALL BE CONDUCTED WITH RESPECT TO THE BONDS. Further information regarding the proposed Bonds and the proposed facility financed are of public record in the office of the Housing Authority of the City of East Point, Georgia, Georgia at 3056 Norman Berry Drive, East Point, Georgia 30344, Attention: Executive Director.

Any interested party having views on the proposed issuance of the Bonds or the nature or location of the proposed project may be heard at such public hearing.

Housing Authority of the City of East Point, Georgia

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