Public Hearing - Multifamily Housing Revenue Bonds Orchard Grove Apartments

NOTICE OF PUBLIC HEARING For the purpose of Section 147(f) of the Internal Revenue Code of 1986, as amended, notice is hereby given that the Board of County Commissioners of Indian River County, Florida (the “County”) will hold a public hearing to be held on June 16, 2026, beginning at 9:15 a.m. or as soon thereafter as such matters may be heard, in the County Commission Chambers  located at 1801 27th Street, Vero Beach, Florida 32960, to consider a plan of finance for the issuance of a series of bonds by the Housing Finance Authority of St. Lucie County, Florida (the “Authority”) for the following purpose: The proposed issuance by the Authority of its Multifamily Housing Revenue Bonds, in an aggregate principal amount of not to exceed $28,000,000.00 in one or more installments or series of tax-exempt bonds, notes or other obligations, to provide financing for the acquisition and rehabilitation of Orchard Grove Apartments, an existing multifamily rental housing facility presently containing of 234 units on approximately 28.8 acres located at 1810 Woodland Circle, Vero Beach, Florida 32967, to be occupied by persons of low to moderate income and to be owned and operated by Vero Beach Leased Housing Associates IV, LLLP a Florida limited liability limited partnership, and/or its affiliates (the “Borrower”). The Bonds, when issued, will be special, limited obligations of the Authority payable solely out of the revenues derived from a financing agreement with the Borrower.  The Bonds and interest thereon shall never pledge the taxing power, or constitute the debt or indebtedness of the County, the Authority, St. Lucie County, Florida, the State or any other political subdivision, public agency or municipality thereof within the meaning of any constitutional or statutory prohibition.  The Authority has no taxing power. At the time and place fixed for said public hearing all who appear will be given an opportunity to express their views for or against the proposal to approve said Bonds and the plan of finance, including the Project listed above.  Prior to said public hearing, written comments may be delivered to County Attorney, Indian River County Administrative Office, 1801 27th Street, Vero Beach, Florida 32960. All persons are advised that, if they decide to appeal any decision made by the County with respect to any matter considered at this meeting, they will need a record of the proceedings, and for such purpose, they may need to ensure that a verbatim record of the proceedings is made, which record includes the testimony and evidence upon which the appeal is to be based.  All interested persons are invited to present their comments at the time and place set forth above. Pursuant to the Americans with Disabilities Act, persons needing special accommodation to attend the hearing must contact the County at 772-226-3491 at least five (5) business days prior to the hearing.  Indian River County, Florida