STRATEGIC PRIORITY: Housing & Homelessness Solutions Government Performance and Financial Management
AGENDA DATE: January 8, 2025
COUNCIL DISTRICT(S): 6, 11
DEPARTMENT: Office of Government Affairs
EXECUTIVE: Elizabeth Saab Kimberly Bizor Tolbert
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SUBJECT
Title
Authorize (1) a public hearing to be held on January 22, 2025, to receive comments concerning the issuance of tax exempt revenue bonds in an amount not to exceed $152,000,000.00 by the Public Finance Authority for the benefit of AIDS Healthcare Foundation to finance the cost of acquisition, construction and equipping of (i) a multifamily apartment building and related amenities facilities to be located at 2330 West Northwest Highway, in Dallas, TX Texas 75220; and (ii) a multifamily apartment building and related amenities to be located at 8051 Lyndon B. Johnson Freeway, Dallas, Texas 75251, as required by the 147(f) of the Internal Revenue Code of 1986, as amended (Code); and (2) at the close of the public hearing consider host approval of a resolution authorizing the issuance of bonds as required by Section 147(f) of the code by the Authority - Financing: No cost consideration to the City
Body
BACKGROUND
The agenda item concerns the approval, under the Tax Equity and Fiscal Responsibility Act of 1982 (the "TEFRA Approval"), of the proposed issuance by the Public Finance Authority (the "Authority") of tax-exempt and/or taxable revenue bonds for the benefit of AIDS Healthcare Foundation, a California nonprofit public benefit corporation (the "Borrower") and an organization described in Section 501(c)(3) of the Internal Revenue Code of 1986, as amended (the "Code").
The Authority is a commission organized under and pursuant to the provisions of Sections 66.0301, 66.0303 and 66.0304 of the Wisconsin Statutes (the "Wisconsin Act") authorized to issue tax-exempt and taxable bonds and other obligations for the benefit of nonprofit enti...
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