NOTICE OF PUBLIC HEARING
NOTICE IS HEREBY GIVEN that Randy Trivette, the Assistant City Manager of the City of Johnson City, Tennessee, will hold a public hearing on behalf of the City of Johnson City, Tennessee and The Health and Educational Facilities Board of the City of Johnson City, Tennessee (the “Board”) on January 19, 2023 at 4:00 p.m. in the Commission Chambers in the Municipal and Safety Building located at 601 E. Market St. in Johnson City, Tennessee, in connection with the proposed issuance of the Board's exempt facility revenue bonds in the total amount not to exceed $27,500,000 (the “Bonds”) pursuant to Part 3, Chapter 101, Title 48 of the Tennessee Code Annotated. The proceeds of the Bonds, if issued would be loaned to Roan Hill, L.P., a Tennessee limited partnership (the “Borrower”), to finance the acquisition, construction and equipping of an approximately 145-unit multifamily housing facility for low and moderate-income citizens to be located at 2162 S. Roan St. in Johnson City, Tennessee (the “Project”). The principal user of the Project is expected to be the Borrower.
THE BONDS DO NOT REPRESENT OR CONSTITUTE A DEBT OR PLEDGE OF THE FAITH AND CREDIT OR THE TAXING POWER OF THE CITY OF JOHNSON CITY, TENNESSEE, THE STATE OF TENNESSEE, OR ANY POLITICAL SUBDIVISION THEREOF.
At the time and place set forth above, the public hearing will be held relative to the proposed issuance of the Bonds. The public hearing will be held pursuant to the requirements of Section 147(f) of the U.S. Internal Revenue Code of 1986, as amended. Any person interested in the issuance of the Bonds or the location or purpose of the assets to be financed or refinanced with the proceeds of the Bonds is invited to attend the public hearing (which may be continued or adjourned to a later date), and they will be given an opportunity to express their views both orally and in written form concerning the proposed issuance of the Bonds and the financing and refinancing of the projects with the proceeds thereof.