NOTICE OF PUBLIC HEARING (Tax Equity and Fiscal Responsibility Act)
The Kansas City Area Transportation Authority (the “Authority”), a quasi-federal, bi-state Compact political subdivision existing by the authority of Congress as of September 21, 1966, pursuant to 80 Stat. 826, P.L. 89- 599 (the “Compact”), will conduct a public hearing at 11:00 a.m. on Wednesday, September 10, 2025, at the offices of the Authority, 1200 E. 18th Street, Kansas City, Missouri 64108, Breen Conference Room and via Zoom (using the link provided below), to consider the issuance by the Authority of one or more series of taxable and tax-exempt negotiable financing instruments in the maximum principal amount of not to exceed $52,500,000 (collectively, the “Series 2025 Instruments”). The proceeds of the Series 2025 Instruments will be loaned to Redbud Reserve, LLC, a Kansas limited liability company duly organized and existing under the laws of the State of Kansas (the “State”), to finance and reimburse the costs to acquire, construct, and equip a 192-unit affordable multi-family housing transit-based facility located at 6909 State Avenue, Kansas City, Kansas, commonly known as “Redbud Reserve” project ( “TOD Facility”), to provide monies for funding reserves for the TOD Facility, if applicable, and to pay certain costs of issuance of the Series 2025 Instruments. The TOD Facility will be owned by the Authority, create substantial housing density along and within the Authority’s passenger transportation system, and promote federal transit policy objectives (including, among others, 49 U.S.C. § 5302) to create density near and promote the use of public transportation, and improve the resilience and reliability of federally funded transportation systems.
The Authority has jurisdiction to finance, develop, own and/or operate facilities for its passenger transportation system in the Counties of Leavenworth, Johson and Wyandotte in Kansas, and in the Counties of Cass, Clay, Platte, Jackson in Missouri (the “Compact District”). The Compact District was established by the Compact following enactment by the States of Kansas and Missouri, respectively, of Section 12-2524, et seq., of the Kansas Statutes Annotated and Section 238.010 et seq., of the Revised Missouri Statutes. The TOD Facility is located in the Compact District. The Series 2025 Instruments issued and executed by the Authority for the TOD Facility will not constitute an indebtedness or obligation of the Authority, Kansas City, Kansas (the “City”), Wyandotte County the “County”), the State or any political subdivision thereof within the meaning of any constitutional or statutory debt limitation, nor will the Authority, the City, the County, the State or any political subdivision thereof be liable thereon. The Series 2025 Instruments will be special, limited obligations of the Authority, payable solely from and secured by revenues and payments received from the operation of the TOD Facility.
This notice of public hearing is intended to comply with the public approval requirements of Section 147(f) of the Internal Revenue Code of 1986, as amended, and other applicable laws.
The hearing will be open to the public and will provide a reasonable opportunity for interested persons to express their views, orally and in writing, concerning the proposed issuance of the Series 2025 Instruments. Written comments with respect to the TOD Facility may also be submitted to the undersigned, prior to the hearing.
Dated: August 29, 2025
Frank White III, President and CEO
Kansas City Area Transportation Authority
1200 E. 18th Street Kansas City, Missouri 64108
(816) 346-0200
Email: .(JavaScript must be enabled to view this email address)
https://us06web.zoom.us/j/82813415687?pwd=KH3AzCZ3aY4GMwlqUa3qbDeYg3Ql29.1
Meeting ID: 828 1341 5687
Passcode: 646245