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HomeMy WebLinkAboutECHDA24-20 Application Letter_Eagle Villas Eagle County Housing and Development Authority Matt Scherr 970-328-8605 www.eaglecounty.us 500 Broadway, P.O. Box 850, Eagle, Colorado 81631 November 1, 2024 Colorado Department of Local Affairs Office of Housing Finance and Sustainability 1313 Sherman Street Denver, Colorado 80203 Attention: Ms. Theresa Cassano Re: Statewide Balance Application for Private Activity Bond Ceiling Allocation by the Eagle County Housing and Development Authority for the Eagle Villas Project; Carryforward of Private Activity Bond Ceiling Allocation Ladies and Gentlemen: Under Section 24-32-1709 of the Colorado Private Activity Bond Ceiling Allocation Act (the “Allocation Act”), the Eagle County Housing and Development Authority, also known as Housing Eagle County (the “Authority”), as an “issuing authority” under the Allocation Act, has applied for an allocation of up to $10,300,000 of the State of Colorado’s 2024 statewide balance on behalf of Ulysses Development Group or an affiliated entity (the “Sponsor”) to support the Eagle Villas Project in Eagle, Colorado. Pursuant to Section 24-32-1709(2) of the Allocation Act, the Authority hereby notifies the Department that the Authority has allocated such $10,300,000 to a carryforward purpose described in the inducement resolution attached hereto, and that the Authority desires to treat such allocation as an allocation for a “carryforward purpose” as such term is defined in the Allocation Act. Attached to this notification are the following: 1. Exhibit A containing the information required by Section 24-32-1709 of the Allocation Act with respect to the allocation. 2. Certified copy of the inducement resolution. 3. Preliminary bond counsel opinion required by Sections 24-32-1709(1)(g) and 24- 32-1709(2)(d) of the Allocation Act with respect to the statewide balance application and carryforward allocation. Docusign Envelope ID: 067267BF-87A4-4FF7-B5FD-A29118ECD49D 4. Certification of an official of the Authority and a representative of the Sponsor as to the issuance of bonds within the carryforward period pursuant to Section 24- 32-1709(2)(d) of the Allocation Act. Please advise us if you require any additional information with this notification. Very truly yours, EAGLE COUNTY HOUSING AND DEVELOPMENT AUTHORITY By:_________________________________ Name:______________________________ Title:_______________________________ cc: Blaise Rastello, Ulysses Development Group Steve Johnson, Colorado Housing and Finance Authority Heather Schell, Esq., Colorado Housing and Finance Authority Cory Kalanick, Esq., Sherman & Howard L.L.C. Attachments Docusign Envelope ID: 067267BF-87A4-4FF7-B5FD-A29118ECD49D Matt Scherr Chair, Board of County Commi