NOTICE TO RESIDENTS OF CABELL COUNTY, WEST VIRGINIA AND THE STATE OF WEST VIRGINIA AND OTHER PERSONS INTERESTED - ISSUANCE OF MULTIFAMILY MORTGAGE REVENUE BONDS FOR CULLODEN GREENE LIMITED PARTNERSHIP NOTICE IS HEREBY GIVEN, pursuant to Section 147(f) of the Internal Revenue Code of 1986, as amended, that the WEST VIRGINIA HOUSING DEVELOPMENT FUND (the "Issuer") contemplates the adoption of a bond authorizing resolution to approve the issuance of its revenue bonds in the maximum aggregate principal amount of $3,100,000 (the "Bonds"), pursuant to Chapter 31, Article 18 of the West Virginia Code of 1931, as amended, to assist Culloden Greene Limited Partnership, a West Virginia limited partnership, in financing a portion of the cost of the acquisition and rehabilitation of 39-unit affordable rental housing project known as Culloden Greene Apartments (aka Culloden Manor) located at 100 Ridge Run Road, Culloden, Cabell County, West Virginia. The Issuer shall have no financial obligation or liability of any kind in connection with payment of the principal of or interest on the Bonds, and the Bonds are to be paid and secured solely by the revenues and assets of the project and/or a form of credit enhancement. The project will be owned by Culloden Greene Limited Partnership. The Bonds shall not constitute an indebtedness of the Issuer, but shall be a limited obligation of the Issuer payable solely from the, revenues and assets of the project and/or a form of credit enhancement, and neither the Bonds nor the interest thereon, nor any charge in connection therewith, shall be a charge against the general credit or taxing powers of the State of West Virginia or the Issuer, nor shall the same ever constitute an indebtedness of the State of West Virginia or the Issuer, within the meaning of any constitutional provision or statutory limitations. A public hearing will be held before a representative of the Issuer at the Cabell County Public Library, Meeting Room #3, 455 9th Street, Huntington, WV, 25701 on Monday, November 27, 2017, at 10:00 a.m., and any person or persons interested may appear before the Issuer's representative to present written or oral comments and suggestions and be heard as to the proposed issue of Bonds and the location and nature of the proposed facilities to be acquired and rehabilitated with the proceeds of the Bonds. Interested individuals may also submit written comments to the Issuer at 5710 MacCorkle Avenue SE, Charleston, West Virginia 25304 before November 27, 2017. LH-57632 11-10,17; 2017
↧