NOTICE OF PUBLIC HEARING
Seattle Chinatown-International District Preservation and Development Authority (the “SCIDPDA”) will hold an open public hearing for the purpose of considering the issuance by SCIDPDA of one or more series of tax–exempt revenue obligations (the “Bonds”) to finance the acquisition, construction and equipping of the qualified residential rental portion of a mixed-use facility with residential, commercial and community facilities located in Seattle, Washington, to be owned by Lot on the Hill LLLP, a Washington limited liability limited partnership.
The public hearing will be held starting at 11:00 a.m., on Thursday, December 2, 2021 via
Teleconference number: 253-215-8782 (U.S. toll-free)
Meeting ID: 821 3935 9095
The Bonds will be issued pursuant to Chapter 35.21 of the Revised Code of Washington for the purpose of financing a residential rental facility under Section 142(d) of the Internal Revenue Code of 1986, as amended (the “Code”).
The proceeds of the Bonds will be used to provide financing for the acquisition, construction and equipping of the following project:
Project: North Lot Development
Project Address: 1200 12th Avenue South, Seattle, Washington 98144
Units: 160 units
Total Estimated Cost: $115,000,000.00
Estimated Maximum Note Amount: $55,000,000.00
A percentage of the total apartment units will be set aside for persons or households with low incomes.
Written comments with respect to the proposed project and the proposed Bonds may be mailed or faxed to the attention of Josh Sellers Park, Seattle Chinatown-International District Preservation and Development Authority, 409 Maynard Avenue South, Suite P2, Seattle, Washington 98104 or to (206) 919-1224, for receipt no later than 5 p.m. on Thursday December 2, 2021. Public testimony will be heard from all interested members of the public participating in the hearing. SCIDPDA will consider the public testimony and written comments in determining if the projects will receive funding from tax–exempt and taxable obligations. Testimony and written comments regarding land use, zoning and environmental regulation should be directed to the local jurisdiction that is authorized to consider these matters when issuing building permits for the projects.
Anyone requiring an accommodation consistent with the Americans with Disabilities Act should contact Josh Sellers Park at (206) 919-1224 at least 48 hours in advance of the hearing.
The results of the hearing will be sent to the Mayor of the City of Seattle for approval.