HomeMy WebLinkAbout33645 / 85-11iVovember 7, 1985
Resolution # 11
RESOLUTION APPROVING RENTAL HOUSING PROJECT OF THE
ELDERLY HOUSING AUTiiORITY OF THE
CITY OF OSHKOSH, WISCONSIN
(WHISPERING PINES PROJECT)
WHEREAS, on October 30, 1985, a public hearing was
held be£ore the Elderly Housing Authority o£ the City of Oshkosh,
Wisconsin, (the "Authority") with respect to a rental housing
project for elderly persons (the "Project") to be located at 1255
West 18th Avenue, in the City of Oshkosh; and
F7HEREAS, notice of such public hearing, in the £orm
attached as Exhibit A hereto and incorporated herein (the "Notice"),
was published by one insertion in the Oshkosh Northwestern, the
o££icial newspaper o£ the City for the publication of notices
t:.i:iGllaII.`. �O Chap±e,- g�S pf +hc jqii �cer_�sin Cta+�,tc5 and 3 I?eWSpaper
of general circulation in the locality of the Project, no less
than £ourteen .(14) days prior to the date of such public hearing;
and
WHEREAS, such public hearing was conducted in a manner
that provided a reasonable opportunity to be hezrd £or persons
with differing views on both issuance of the bonds referred to in
the Notice (the "Bonds") and the location and the nature of the
Project, which is to be £inanced by the Bonds; and
WHEREAS, the Authority has made a repert of such public
hearing to this body, which report this body has considered; and
WHEREAS, this body is an elected legislative body o£
the City;
NOW, THEREFORE, on behalf o£ the Authority, £or the
purposes of Section 103(k) of the Internal Revenue Code of 1954,
as amer.ded, this body hereby approves issuance of the Bonds £or
the Project.
* * � ,�
The £oregoing resolution of the City Council of the
City of Oshkosh was adopted and recorde3 on November _, 1985.
SUBISITTED HY
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MJM2IA:B
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Mayor
Clerk
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November 7, 1985
Exhibit A
NOTICE OF PUBLIC HEARING TO
RESIDENTS OF THE CITY OF OSHKOSH� WISCONSIN
_ Resol. # 11
NOTICE is hereby given that the Elderly Housing
Authority of the City of Oshkosh, Wisconsin (the "Authority")
will hold a public hearing at 8:30 a.m. on October 30, 1985
at Marian Manor, 600 Merritt Avenue, Oshkosh, Wisconsin, regarding
the proposed issuance by the Authority of revenue bonds pursuant
to Section 66.395 and Sections 66.40 to 66.404 of the Wisconsin
Statutes, as amended, in a maximum aggregate face amount of
$2,750,000 (the "Bonds"), on behalf of Whispering Pines
Fi550C1dt.E`S� a Limited Fdi�,^.EiS::lt.� a Lti'iscor.sin i1P1�2C1 y'Sdr�73ET-
snip to be organized in which Gordon Decker and Plarlene Decker
will be general partners. The bonds would finance the con-
struction of a multifamily residential rental facility for
elderly persons containing approxir�ately 66 apartments and related
equipment and facilities. The Drospective location of the
facility to be financed is 1255 West 18th Avenue, Oshkosh,
Plisconsin. The initial owner of the facility will be Whispering
Pines Associates, a Limited Partnership.
THE BONDS WILL NOT CONSTITUTE AN INDEBTEDNESS OF
THE CITY OR THE AUTHOP.ITY WITHIN THE MEAA;ING OF ANY WISCONSIPd
CONSTITUTZONAL PROVISION OR STATUTORY LIMITATION AND WILL NOT
CONSTITUTE OR GIVE RISE TO A PECONIARY LIABILITY OF TI-IE CITY
OR THE AUTHORITY OR A CHARGE AGAINST THE GENERT�L CR�DIT OR
TAXING POWERS OF THE CITY OR THE AUTHORITY.
The public hearing will be conducted in a manner
that provides a reasonable opportunity to be heard for persons
with differing views on both issuance of the bonds and the
location and nature of the proposed facility. Any person
desiring to be heard on this matter is requested to attend
the public hearing or send a representative. Written comments
(not exceeding 250 words) to be considered at the hearing may
be submitted to the Authority. Comments made at the hearing are
ior the consideration of the City Council of the City of Oshkosh.
/s/
Executive Director
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