NOTICE OF PUBLIC HEARING A public hearing will be held on the following-entitled Ordinance at a regular meeting of the City Council of The City of Huntington (the “City”) to be held on Monday, September 23, 2024, at 7:30 p.m. (or as soon thereafter as the matter may be heard) in Conference Rooms 4 and 5 at Marshall Health Network Arena, 1 Civic Center Plaza, Huntington, 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 ACQUISITION OF IMPROVEMENTS AND EXTENSIONS TO THE EXISTING PUBLIC SEWERAGE SYSTEM AND TEMPORARILY FINANCING OF THE COST THEREOF, NOT OTHERWISE PROVIDED, AND PAYING COSTS OF ISSUANCE AND RELATED COSTS, THROUGH THE ISSUANCE OF THE SEWER REVENUE BOND ANTICIPATION NOTE, SERIES 2024 (TAX EXEMPT) OF THE CITY OF HUNTINGTON IN THE AGGREGATE PRINCIPAL AMOUNT OF NOT MORE THAN $5,000,000; PROVIDING FOR THE RIGHTS AND REMEDIES OF, AND THE SECURITY FOR, THE REGISTERED OWNER OF SUCH NOTE; AUTHORIZING THE EXECUTION AND DELIVERY OF A TAX CERTIFICATE, A TAX COMPLIANCE POLICY AND OTHER DOCUMENTS; AUTHORIZING THE SALE AND PROVIDING FOR THE TERMS AND PROVISIONS OF SUCH NOTE AND ADOPTING OTHER PROVISIONS RELATING THERETO. The above quoted title of the Ordinance describes generally the contents thereof and the purposes of the Bond Anticipation Note (the “Series 2024 BAN”) contemplated thereby. The City contemplates issuance of the Series 2024 BAN described in the Ordinance. The proceeds of the Series 2024 BAN will be used to (i) pay costs of acquisition of certain real property, and the improvements thereon, necessary for the acquisition, construction and equipping of certain additions, betterments and improvements for the System and operation of the System (the “Project”); and (ii) pay certain costs of issuance of the Series 2024 A BAN and related costs. The Series 2024 A BAN is payable solely from proceeds of sewer revenue bonds issued to permanently finance the Project and Surplus Revenues of the System. No taxes may at any time be levied by the City for the payment of the Series 2024 A BAN or the interest thereon. The above-entitled Ordinance was approved and adopted on second reading by the City Council on September 9, 2024. A certified copy of the above-entitled Ordinance is on file with the City Clerk of the City for review by interested parties during regular office hours. Following the public hearing, the City Council of the City intends to enact the Ordinance upon final reading. By: Barbara Miller City Clerk LH-183626 09-13,20;2024
