NOTICE OF PUBLIC HEARING ON THE
THE CITY OF
WHEELING BOND
ORDINANCE
A public hearing will be held on the following entitled Ordinance at a regular meeting of the Council of The City of Wheeling (the “City”) to be held on Tuesday, July 6, 2021, at noon at the City Hall, 1500 Chapline Street, Wheeling, 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 a Series 2021 A Bond Ordinance entitled:
AN ORDINANCE AUTHORIZING THE PAYMENT IN FULL OF THE SERIES 2018 NOTES AND THE SERIES 2020 NOTES AND THE DESIGN, ACQUISITION, CONSTRUCTION AND EQUIPPING OF CERTAIN ADDITIONS, BETTERMENTS AND IMPROVEMENTS TO THE WATERWORKS PORTION AND THE SEWERAGE PORTION OF THE EXISTING COMBINED WATERWORKS AND SEWERAGE SYSTEM OF THE CITY OF WHEELING AND THE FINANCING OF THE COST THEREOF, NOT OTHERWISE PROVIDED, THROUGH THE ISSUANCE BY THE CITY OF NOT MORE THAN $50,000,000 IN AGGREGATE PRINCIPAL AMOUNT OF COMBINED WATERWORKS AND SEWERAGE SYSTEM REVENUE BONDS, SERIES 2021 A (TAX-EXEMPT); PROVIDING FOR THE RIGHTS AND REMEDIES OF, AND THE SECURITY FOR, THE REGISTERED OWNERS OF SUCH BONDS; AUTHORIZING THE EXECUTION AND DELIVERY OF A BOND PURCHASE AGREEMENT, A CONTINUING DISCLOSURE AGREEMENT, TAX CERTIFICATE, TAX COMPLIANCE POLICY, CONTINUING DISCLOSURE POLICY AND OTHER DOCUMENTS RELATING TO THE BONDS; AND ENACTING OTHER PROVISIONS WITH RESPECT TO SUCH BONDS.
The above quoted title of the Series 2021 A Bond Ordinance describes generally the contents thereof and the purposes of the Series 2021 A Bonds contemplated thereby. The City contemplates the issuance of the Series 2021 A Bonds described in the Series 2021 A Bond Ordinance. The proceeds of the Series 2021 A Bonds will be used to (i) pay the outstanding principal of and interest on the Issuer’s Combined Waterworks and Sewerage System Bond Anticipation Notes, Series 2018, dated December 20. 2018, issued in the original aggregate principal amount of $10,000,000; (ii) pay the outstanding principal of and interest on the Issuer’s Combined Waterworks and Sewerage System Bond Anticipation Notes, Series 2020, dated December 23, 2020, issued in the original aggregate principal amount of $7,050,000; (iii) finance all or a portion of the Costs of design, acquisition, construction and equipping of the Project; (iv) pay capitalized interest on the Series 2021 A Bonds; (v) pay the premium for a Municipal Bond Insurance Policy to secure the payment of the principal of, and interest on, the Series 2021 A Bonds; (vi) fund the Series 2021 A Bonds Reserve Account for the Series 2021 A Bonds or to pay the premium for a Municipal Bond Debt Service Reserve Insurance Policy in an amount equal to the Series 2021 A Bonds Reserve Account Requirement; and (vii) pay certain costs of issuance of the Series 2021 A Bonds and related costs. The Series 2021 A Bonds are payable from the revenues derived from the System. No taxes may at any time be levied for the payment of the Series 2021 A Bonds or the interest thereon.
The above-entitled Ordinance was adopted by the Council of The City of Wheeling on June 15, 2021. A certified copy of the above entitled Series 2021 A Bond Ordinance is on file with the City Clerk for review by interested parties during regular office hours.
Following the public hearing, the Council of The City of Wheeling intends to enact the Series 2021 A Bond Ordinance upon final reading.
A second public hearing will be held on the following entitled Ordinance at a regular meeting of the Council of The City of Wheeling (the “City”) to be held on Tuesday, July 6, 2021, at noon at the City Hall, 1500 Chapline Street, Wheeling, 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 a Series 2021 B Bond Ordinance entitled:
AN ORDINANCE AUTHORIZING THE REFUNDING OF THE ISSUER’S OUTSTANDING COMBINED WATERWORKS AND SEWERAGE SYSTEM REVENUE BONDS, SERIES 2013 AND THE FINANCING OF THE COST THEREOF, NOT OTHERWISE PROVIDED, FUNDING A DEBT SERVICE RESERVE FUND AND PAYING COSTS OF ISSUANCE AND RELATED COSTS, THROUGH THE ISSUANCE OF COMBINED WATERWORKS AND SEWERAGE SYSTEM REFUNDING REVENUE BONDS, SERIES 2021 B (TAXABLE) OF THE CITY IN THE AGGREGATE PRINCIPAL AMOUNT OF NOT MORE THAN $35,000,000 PROVIDING FOR THE RIGHTS AND REMEDIES OF, AND THE SECURITY FOR, THE REGISTERED OWNERS OF SUCH BONDS; AUTHORIZING THE EXECUTION AND DELIVERY OF A TAX CERTIFICATE, AN OFFICIAL STATEMENT, A BOND PURCHASE AGREEMENT, A CONTINUING DISCLOSURE AGREEMENT, AN ESCROW AGREEMENT AND OTHER DOCUMENTS; 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 Series 2021 B Bond Ordinance describes generally the contents thereof and the purposes of the Series 2021 B Bonds contemplated thereby. The City contemplates the issuance of the Series 2021 B Bonds described in the Series 2021 B Bond Ordinance. The proceeds of the Series 2021 B Bonds will be used to (i) finance the costs of advance refunding all or a portion of the Issuer’s Series 2013 Bonds, (ii) purchase a Municipal Bond Insurance Policy to secure the payment of the principal of, and interest on, the Series 2021 B Bonds, (iii) fund the Series 2021 B Bonds Reserve Account or purchase a Municipal Bond Debt Service Reserve Insurance Policy from the Bond Insurer in an amount sufficient to satisfy the Series 2021 B Bonds Reserve Account Requirement, and (iv) to pay certain costs of issuance of the Series 2021 B Bonds and related costs. The Series 2021 B Bonds are payable from the revenues derived from the System. No taxes may at any time be levied for the payment of the Series 2021 B Bonds or the interest thereon.
The above-entitled Ordinance was adopted by the Council of The City of Wheeling on June 15, 2021. A certified copy of the above entitled Series 2021 B Bond Ordinance is on file with the City Clerk for review by interested parties during regular office hours.
Following the public hearing, the Council of The City of Wheeling intends to enact the Series 2021 B Bond Ordinance upon final reading.
A third public hearing will be held on the following entitled Ordinance at a regular meeting of the Council of The City of Wheeling (the “City”) to be held on Tuesday, July 6, 2021, at noon at the City Hall, 1500 Chapline Street, Wheeling, 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 a Series 2021 C Bond Ordinance entitled:
AN ORDINANCE AUTHORIZING THE REFUNDING OF THE ISSUER’S OUTSTANDING COMBINED WATERWORKS AND SEWERAGE SYSTEM REFUNDING REVENUE BONDS, SERIES 2015 A AND THE FINANCING OF THE COST THEREOF, NOT OTHERWISE PROVIDED, FUNDING A DEBT SERVICE RESERVE FUND AND PAYING COSTS OF ISSUANCE AND RELATED COSTS, THROUGH THE ISSUANCE OF COMBINED WATERWORKS AND SEWERAGE SYSTEM REFUNDING REVENUE BONDS, SERIES 2021 C (TAXABLE) OF THE CITY IN THE AGGREGATE PRINCIPAL AMOUNT OF NOT MORE THAN $10,000,000 PROVIDING FOR THE RIGHTS AND REMEDIES OF, AND THE SECURITY FOR, THE REGISTERED OWNERS OF SUCH BONDS; AUTHORIZING THE EXECUTION AND DELIVERY OF A TAX CERTIFICATE, AN OFFICIAL STATEMENT, A BOND PURCHASE AGREEMENT, A CONTINUING DISCLOSURE AGREEMENT, AN ESCROW AGREEMENT AND OTHER DOCUMENTS; 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 Series 2021 C Bond Ordinance describes generally the contents thereof and the purposes of the Series 2021 C Bonds contemplated thereby. The City contemplates the issuance of the Series 2021 C Bonds described in the Series 2021 C Bond Ordinance. The proceeds of the Series 2021 C Bonds will be used to (i) finance the costs of advance refunding all or a portion of the Issuer’s Series 2015 A Bonds, (ii) purchase a Municipal Bond Insurance Policy to secure the payment of the principal of, and interest on, the Series 2021 C Bonds, (iii) fund the Series 2021 C Bonds Reserve Account or purchase a Municipal Bond Debt Service Reserve Insurance Policy from the Bond Insurer in an amount sufficient to satisfy the Series 2021 C Bonds Reserve Account Requirement, and (iv) pay certain costs of issuance of the Series 2021 C Bonds and related costs. The Series 2021 C Bonds are payable from the revenues derived from the System. No taxes may at any time be levied for the payment of the Series 2021 C Bonds or the interest thereon.
The above-entitled Ordinance was adopted by the Council of The City of Wheeling on June 15, 2021. A certified copy of the above entitled Series 2021 C Bond Ordinance is on file with the City Clerk for review by interested parties during regular office hours.
Following the public hearing, the Council of The City of Wheeling intends to enact the Series 2021 C Bond Ordinance upon final reading.
/s/ Brenda J. Delbert
City Clerk
Int. June 24. July 1, 2021