Newspaper article THE JOURNAL RECORD

Miscellaneous

Newspaper article THE JOURNAL RECORD

Miscellaneous

Article excerpt

(68164) NOTICE OF PUBLIC HEARING Oklahoma City Redevelopment Authority A Public Trust The Oklahoma City Redevelopment Authority (the "Authority"), by and with the consent and approval of the City Council of Oklahoma City, Oklahoma, (the "Council") is empowered under the Oklahoma Public Trust Act, Title 60 Oklahoma Statutes 1981, Section 176 et seq., as amended, and Title 11, Oklahoma Statutes 1981, Section 40-112 et seq., as amended, and pursuant to the Trust Indenture creating said Authority, as amended, to issue tax exempt, nonrecourse revenue bonds/notes in order to assist in financing, among other things, the cost of land, buildings, improvements, equipment and other property of every kind and character, whether real, personal or mixed, for the conservation and implementation of the public welfare and the promotion, growth, development and redevelopment of industrial, commercial, retail, residential and public structures and spaces as may be appropriate within designated areas of the City of Oklahoma City, State of Oklahoma.

The Authority has received applications for financing of the following described projects through the issuance of the Authority's revenue note or bond issue or issues:

1. The Authority has been requested by EHP X-Oklahoma, Limited Partnership, an Arkansas limited partnership, to issue bonds/notes in an amount not to exceed $9,750,000 in order to acquire, rehabilitate, furnish and equip an existing structure for use as a hotel and convention center, said facilities to be located at 4545 Lincoln Boulevard, Oklahoma City, Oklahoma.

2. The Authority has been requested by Robinson Renaissance Corporation, an Oklahoma corporation, to issue bonds/notes in an amount not to exceed $2,500,000 in order to acquire, rehabilitate, furnish and equip existing structures for use as residential rental housing facilities, said facilities to be located at 3312-3512 N. …

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