NOTICE OF PUBLIC HEARING ON THE
TOWN OF PADEN CITY BOND ORDINANCE
A public hearing will be held on the following entitled
Ordinance at a regular meeting of the Council of the
Town of Paden City (the “Town”) to be held on Monday,
October 6, 2025, at 7:00 p.m. at the Town Hall, Paden
City, West Virginia, and at such hearing any person
interested may appear before the Town and present
protests, and all protests and suggestions shall be
heard by the Town and it shall then take such actions as
it shall deem proper in the premises upon an Ordinance
entitled:
ORDINANCE AUTHORIZING THE PAYMENT OF THE
PRIOR NOTE AND THE ACQUISITION AND
CONSTRUCTION OF CERTAIN EXTENSIONS,
ADDITIONS, BETTERMENTS AND IMPROVEMENTS
TO THE EXISTING PUBLIC SEWERAGE SYSTEM OF
THE TOWN OF PADEN CITY AND THE FINANCING
OF THE COST THEREOF, NOT OTHERWISE
PROVIDED, THROUGH THE ISSUANCE BY THE
TOWN OF PADEN CITY OF NOT MORE THAN
$500,000 IN ORIGINAL AGGREGATE PRINCIPAL
AMOUNT OF SEWER REVENUE BONDS, SERIES
2025 A (WEST VIRGINIA INFRASTRUCTURE FUND);
PROVIDING FOR THE RIGHTS AND REMEDIES OF
AND SECURITY FOR THE REGISTERED OWNERS
OF SUCH BONDS; AUTHORIZING EXECUTION AND
DELIVERY OF ALL DOCUMENTS RELATING TO THE
ISSUANCE OF SUCH BONDS; APPROVING,
RATIFYING AND CONFIRMING A LOAN
AGREEMENT RELATING TO SUCH BONDS;
AUTHORIZING THE SALE AND PROVIDING FOR
THE TERMS AND PROVISIONS OF SUCH BONDS
AND ADOPTING OTHER PROVISIONS RELATING
THERETO.
The above quoted title of the Ordinance describes
generally the contents thereof and the purposes of the
Bonds contemplated thereby. The Town contemplates
the issuance of the Bonds described in the Ordinance.
The proceeds of the Bonds will be used (i) to pay the
prior notes; (ii) to pay a portion of the costs of
acquisition and construction of certain extensions,
additions, betterments and improvements to the existing
public sewerage system of the Town; and (iii) to pay
certain costs of issuance of the Bonds and related
costs. 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 Town of Paden City on second reading
on September 2, 2025. A certified copy of the above
entitled Ordinance is on file with the Town for review by
interested parties during regular office hours.
Following the public hearing, the Town intends to enact
the Ordinance upon final reading.
/s/ Sheila Ervin
Recorder
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