Hampshire

NOTICE OF PUBLIC HEARING ON THE CITY OF ROMNEY BOND ORDINANCE

A public hearing will be held on the followingentitled Ordinance at a regular meeting of the Council of the City of Romney (the “City”) to be held on Monday, October 3, 2016, at 7:00 p.m. at the City Hall, 340 East Main Street, Romney, West Virginia, and at such hearing any person interested may appear before the City and present protests, and all protests and suggestions shall be heard by the City and it shall then take such actions as it shall deem proper in the premises upon an Ordinance entitled:

ORDINANCE AUTHORIZING THE REFUNDING OF THE OUTSTANDING SEWER REVENUE BONDS, SERIES 1994 OF THE CITY OF ROMNEY THROUGH THE ISSUANCE BY THE CITY OF ROMNEY OF NOT MORE THAN $400,000 IN AGGREGATE PRINCIPAL AMOUNT OF SEWER REFUNDING REVENUE BONDS, SERIES 2016 A; PROVIDING FOR THE RIGHTS AND REMEDIES OF AND SECURITY FOR THE HOLDER OF SUCH BONDS; AUTHORIZING THE SALE AND PROVIDING FOR THE TERMS AND PROVISIONS OF SUCH BONDS AND ADOPTING OTHER PROVISIONS RELATING THERETO.

The abovequoted title of the Ordinance describes generally the contents thereof and the purposes of the Bonds contemplated thereby. The City contemplates the issuance of the Bonds described in the Ordinance. The proceeds of the Bonds will be used to (i) refund the Issuer’s Sewer Revenue Bonds, Series 1994; (ii) fund the Series 2016 A Bonds Reserve Account; and (iii) pay costs of issuance and related costs. The Bonds are payable from the revenues derived from the System.  No taxes may at any time be levied for the payment of the Bonds or the interest thereon.

The above-entitled Ordinance was adopted by the Council of the City of Romney on August 15, 2016.  A certified copy of the aboveentitled Ordinance is on file with the City for review by interested parties during regular office hours.

Following the public hearing, the City intends to enact the Ordinance upon final reading.

/s/ Betty Colebank
Clerk

776910.00012

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