PUBLIC NOTICE: Cleveland Forward 2021 meeting and TEFRA hearing

NOTICE OF ELECTRONIC SPECIAL MEETING AND PUBLIC HEARING OF THE

CLEVELAND HOUSING AUTHORITY

NOTICE IS HEREBY GIVEN that the Board of Commissioners of the Cleveland Housing Authority (the "Board") will hold a special meeting at 12:00 p.m. on January 25, 2021. In accordance with Governor Lee's Executive Order No. 71, the Chairman of the Board has determined that the meeting will be held by electronic means to conduct the essential business of the Board in order to protect the health, safety, and welfare of the public in the midst of the COVID-19 pandemic.

The meeting will be open to the public by a telephone call or through computer access through the Zoom platform and may be accessed as follows:

Dial:  1-646-558-8656

Meeting ID: 85637380240

Password: 072568

OR

ZoomLink:https://us02web.zoom.us/j/85637380240?pwd=OGhoNEFrbDRNSGo0eW1gaEzcNloxUT09

(Please Note:  This method requires registration and the creation of a Zoom account.)

At such meeting, the Board will consider and act upon all business which may properly come before the Board, said business to include, but not necessarily be limited to the preliminary approval of the issuance of the Board's exempt facility revenue bonds in an aggregate principal amount not to exceed $25,000,000 (the "Bonds"), the proceeds of which, if issued, would be loaned to Cleveland Forward, LLC for the purposes of financing the following projects with respect to the below listed multifamily housing facilities for low and moderate income citizens all of which are located in Cleveland, Bradley County, Tennessee (collectively, the "Projects"):

i.   The acquisition and rehabilitation of approximately 22 units located at 1850 Fisher St. SE (the principal amount of the Bonds to be spent at such location is not expected to exceed $2,500,000);

ii.   The acquisition and rehabilitation of approximately 16 units located at 904-912 17th St. SE and 985 18th St. SE (the principal amount of the Bonds to be spent at such location is not expected to exceed $1,700,000);

iii.  The acquisition and rehabilitation of approximately 8 units located at 1600 Hardwick St. SE (the principal amount of the Bonds to be spent at such location is not expected to exceed $1,000,000);

iv.   The acquisition and rehabilitation of approximately 18 units located at 1525 Aurora Ave. SE, 530-660 15th St. SE, 1411-1421 Wilson Ave. SE, 1480 Wiggins St. SE and 355-625 16th St. SE (the principal amount of the Bonds to be spent at such location is not expected to exceed $2,000,000);

v.   The acquisition and rehabilitation of approximately 10 units located at 901 Lang St. SE (the principal amount of the Bonds to be spent at such location is not expected to exceed $1,300,000);

vi.   The acquisition and rehabilitation of approximately 58 units located at 1130, 1131 and 1400 Gaut St. NE, 800 15th St. NE and 1155 Poplar St. NE (the principal amount of the Bonds to be spent at such location is not expected to exceed $5,500,000);

vii.  The acquisition and rehabilitation of approximately 21 units located at 160 East St. NE, 840-920 2nd St. NE, and 195-196 Lang St. NE (the principal amount of the Bonds to be spent at such location is not expected to exceed $2,300,000);

viii.  The acquisition and rehabilitation of approximately 61 units and the construction of approximately 20 new units located at 1110-1210 and 1350 11th St. SE and 1103-1307 Lay St. (the principal amount of the Bonds to be spent at such location is not expected to exceed $7,500,000); and

ix.  The acquisition and rehabilitation of approximately 49 units and the construction of approximately 9 new units located at 730-794 4th St. SE, 718-787 6th St. SE and 661-679 Gaut St. SE (the principal amount of the Bonds to be spent at such location is not expected to exceed $5,500,000).

The initial principal user of the Projects is expected to be Cleveland Forward, LLC.

THE BONDS IF ISSUED SHALL NOT REPRESENT OR CONSTITUTE A DEBT OR PLEDGE OF THE FAITH AND CREDIT OR THE TAXING POWER OF THE BOARD, CLEVELAND, TENNESSEE, THE STATE OF TENNESSEE, OR ANY POLITICAL SUBDIVISION THEREOF.

At the time set forth above, the Chairman of the Board will hold a public hearing relative to the proposed issuance of the Bonds.  The public hearing will be held pursuant to the requirements of Section 147(f) of the U.S. Internal Revenue Code of 1986, as amended.  At such public hearing, there will be an opportunity for persons to express their views concerning the Projects, the issuance of the Bonds or the location or purpose of the assets to be financed with the proceeds of the Bonds. In addition to accessing the meeting and public hearing by telephone or computer access as described above, anyone may attend the meeting and public hearing at the time set forth above in person at the Community Room in the Cleveland Housing Authority's main offices located at 450 Walker St. NE, Cleveland, TN 37311.

Anyone desiring to speak at or submit written comments to be considered at the meeting or public hearing should make a written request at least 24 hours before the meeting and public hearing. Additional information concerning the above (including the precautions and procedures that will be observed related to COVID-19 for anyone appearing in person at the public hearing) may be obtained from, and written comments and requests to speak at the hearing should be addressed to the Board's Executive Director, Paul Dellinger, telephone number (423) 479-9659, email paul@clevelandhousingauthority.org. A recording of the meeting and public hearing will be made available to the public no more than two business days thereafter on the Board's website: https://www.clevelandhousingauthority.org.

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