Travis County Commissioners Court
May 1, 2007
Item 2
Item 2, receive comments regarding the following: 1. The proposed issuance by the Travis County housing finance corporation of one or more series of single family mortgage revenue bonds in an aggregate face amount not to exceed $20,000,000; and b, the proposed extension of the maturity date of $10,297,972 principal amount of the Travis County housing finance corporation's single family mortgage revenue notes series 2001-1.
>> good morning, cliff blunt with naman, house, smith and lee.
>> move to open the public hearing.
>> oh, yes.
>> second.
>> all in favor? Thank you.
>> cliff blunt, we would just like to state that notice of this public hearing was published in the Austin american-statesman more than 14 days ago as required by the internal revenue code. For the a item this is just a required public hearing for issuing the single family mortgage bonds for the 2007 program which provides -- provides mortgage money for low and moderate income first time home buyers in Travis County. The -- the b portion of the hearing relates to a -- a note program that needs to be extended, it actually expires today. If we don't extend that program the authority to issue that up to $10,297,972 in single family bonds will go away. As part of that keeping those notes tax exempt and extending that program, we needed to have a public hearing for that and I believe the action items are mentioned there in number 42. So I'm available to answer any other questions.
>> anyone here to -- to -- for comments? Yes, sir?
>>
>> [indiscernible]
>> we can't hear you in the back.
>> you all might speak a little bit into the microphone a little louder.
>> yes, ma'am.
>> anyone here for comments?
>> move to close the public hearing.
>> second.
>> all in favor? Thank you. Okay.
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Last Modified:
Wednesday, May 2, 2007, 8:00 AM