NOTICE OF PUBLIC HEARING
AND OF
ISSUANCE OF TAXABLE INDUSTRIAL REVENUE BONDS
Public notice is hereby given that the City Commission of the City of Salina, Kansas (the "Issuer"), will conduct a public hearing on December 9, 2024 at 4:00 p.m., or as soon thereafter as may be heard at City-County Building, 300 W. Ash, Salina, Kansas in regard to the issuance by the Issuer of its Taxable Industrial Revenue Bonds (Phase Two Apartments), in a principal amount not to exceed $56,700,000 (the "Bonds") and in regard to an exemption from ad valorem taxation of property constructed or purchased with the proceeds of such Bonds. The Bonds are proposed to be issued by the Issuer under authority of K.S.A. 12‑1740 et seq., as amended, to pay the costs of the acquisition, construction and equipping of a 248-unit multifamily housing facility to be located southwest of Magnolia Road and Virginia Avenue in the City of Salina. The Issuer further intends to lease such facility to Salina Destination Development, LLC, a Kansas limited liability company (the “Tenant”). The governing body of the Issuer will not pass an ordinance authorizing the issuance of such revenue bonds until the public hearing has been concluded.
Notice is further given, in accordance with K.S.A. 12‑1744e, that the Issuer intends to issue the Bonds and lease the facility to the Tenant as set out above.
A copy of this Notice, together with a copy of the inducement resolution of the Issuer adopted to be considered for adoption on December 9, 2024, indicating the intent of the governing body of the Issuer to issue such Bonds and a report analyzing the costs and benefits of such property tax exemption are on file in the office of the Clerk, or will be as soon as completed, and available for public inspection during normal business hours.
All persons having an interest in this matter will be given an opportunity to be heard at the time and place above specified.
Dated: November 26, 2024
CITY OF SALINA, KANSAS
Nikki Goding, Clerk