Notice of Public Hearing
NOTICE OF PUBLIC HEARING ON PROPOSED
REVENUE BOND FINANCING BY
INDUSTRIAL DEVELOPMENT AUTHORITY OF BRUNSWICK COUNTY, VIRGINIA
Notice is hereby given that the Industrial Development Authority of Brunswick County, Virginia (the “Authority”), whose mailing address is 116 W. Hicks Street, P.O. Box 48, Lawrenceville, Virginia 23868, will hold a public hearing on the application of TTG Pinecrest Limited Partnership (the “Applicant”), a Virginia limited partnership whose headquarters address is 601 Cypress Avenue, Suite 301, Hermosa Beach, California. The Applicant has requested the Authority to issue up to $8,000,000 of its revenue bonds, in one or more series of qualified residential rental bonds, at one time or from time to time pursuant to a plan of finance, to assist the Applicant in financing or refinancing a portion of the costs of acquiring, rehabilitating and equipping a multifamily residential rental housing project known as Pinecrest Apartments, to consist of 70 apartment units located at 27 Crestview Road, Lawrenceville (Brunswick County), Virginia (the “Project”). The Project will meet the requirements of a qualified residential rental project within the meaning of Section 142(d) of the Internal Revenue Code of 1986, as amended (the “Code”). The Project will be owned by the Applicant or an entity affiliated with and controlled by or under common ownership with the Applicant.
The issuance of revenue bonds as requested by the Applicant will not constitute a debt or pledge of the faith and credit of the Commonwealth of Virginia, the County of Brunswick or the Authority, and neither the faith and credit nor the taxing power of the Commonwealth of Virginia or any political subdivision thereof, including the County of Brunswick and the Authority, will be pledged to the payment of such bonds. The Authority has no taxing power.
The public hearing, which may be continued or adjourned, will be held at a meeting of the Authority commencing at 6:00 p.m. on Tuesday, August 12, 2025 at the Brunswick County Conference Center, 100 Athletic Field Road, Lawrenceville, Virginia 23868.
Any person interested in the issuance of the revenue bonds or the proposed financing may provide public comment during the hearing.
This notice is published, and the public hearing is being held by or on behalf of the Authority as issuer of the proposed revenue bonds, as required by Section 147(f) of the Code and the regulations promulgated thereunder.
Industrial Development Authority of Brunswick County, Virginia
Advertised: July 30, 2025
