Wednesday, October 19, 2011

What is planned for the 174 unit multi-family residential unit in Southwest Palmetto Bay? Public Notice posted in the Miami Herald regarding November 8 Public Hearing in Tallahassee regarding issuance of bonds to Finance Multifamily Residential Rental Developments

Very few people actually ever catch public notices.  This one can be found on the on-line Miami Herald, (CLICK HERE to read the actual online notice in Herald classified). The full text can be read either by clicking “Read more” below or by following the link.  This hearing affects the property known as Royal Coast Apartments, a 174-unit multifamily residential rental development located on 9001 SW 156th Street in Palmetto Bay, Miami-Dade County, Florida 33157.  I doubt anyone will attend or ever learn what occurs at this hearing.  It is being held in Tallahassee, Florida on November 8.
This might be worth looking into as to what future plans exist for this property.  It may be forecasting great improvements to this property. 

Notice of Public Hearing Concerning Issuance of Bonds to Finance Multifamily Residential Rental Developments Notice is hereby given that the Florida Housing Finance Corporation (" Florida Housing" ) will conduct a public hearing in accordance with Section 147(f) of the Internal Revenue Code (" TEFRA" Hearing) to which all interested persons are invited. Date and Time: November 8, 2011 at 10:00 AM (Tallahassee local time) Place: The offices of Florida Housing Finance Corporation, 227 North Bronough Street, Suite 5000, Tallahassee, Florida 32301 Purpose: To conduct a TEFRA hearing concerning the potential future issuance of tax-exempt bonds by Florida Housing to provide additional financing for the acquisition, construction or rehabilitation of the following multifamily residential rental development in the aggregate face amount, not to exceed the amount listed below: Royal Coast Apartments, a 174-unit multifamily residential rental development located on 9001 SW 156th Street in Palmetto Bay, Miami-Dade County, Florida 33157 The owner and operator of the development is Royal Coast Preservation, L.P. or such successor in interest in which Royal Coast Developer, L.L.C. or an affiliate thereof, is a managing member, general partner and/or controlling stockholder. The prospective manager of the proposed development is TRG Management Company of Florida. The tax-exempt bond amount is not to exceed $9,250,000. All interested parties may present oral comments at the public TEFRA hearing or submit written comments regarding the potential bond issuance for the development being financed. Written comments should be received by Florida Housing by 5:00 PM (Tallahassee local time), November 7, 2011, and should be addressed to the attention of Len Stirrat, Multifamily Bond Administrator. Any persons desiring to present oral comments should appear at the hearing. If requested in writing, a fact-finding hearing will be held in the county where the property is located. When possible, the local hearing will be held before the formal TEFRA hearing and comments received at the local hearing will be placed on record at the TEFRA hearing. Any person requiring a special accommodation at this meeting because of a disability or physical impairment should contact Len Stirrat, Multifamily Bond Administrator, Florida Housing Finance Corporation at 850-488-4197 at least five calendar days prior to the meeting. If you are hearing impaired, please contact Florida Housing using the Dual Party Relay System that can be reached at 1-800-955-8770 (Voice) and 1-800-955-8771 (TDD). Any person who decides to appeal any decision made by Florida Housing with respect to any matter considered at this hearing, will need a record of the proceedings, and for such purpose may need to ensure that a verbatim record of the proceedings be made, which will include the testimony and evidence upon which the appeal is based.

1 comment:

  1. Did any of the individuals involved in this project donate to Mayor Stanczyk's campaign like the charter school?