Legal Notices

NOTICE OF PUBLIC HEARING APPROVAL OF PROJECT PLAN NO. 2 FOR THE CITY OF HUNTINGTON DOWNTOWN DEVELOPMENT / REDEVELOPMENT DISTRICT NO. 1 AND ISSUANCE OF TAX INCREMENT FINANCING OBLIGATIONS A public hearing will be held at a regular meeting of the City Council of The City of Huntington (the “City”) on MONDAY, DECEMBER 23, 2019, at 7:30 p.m. prevailing time, and at such hearing any person interested may appear before the City Council and present comments, protests and suggestions. All comments, protests and suggestions shall be heard by the City Council and it shall then take such actions as it shall deem proper in the premises regarding the approval, pursuant to Chapter 7, Article 11B of the Code of West Virginia, 1931, as amended (the “Tax Increment Financing Act”), of the Application for Project Plan No. 2 for The City of Huntington Downtown Development/Redevelopment District No. 1 (the “TIF District”). Following is a brief summary of such matters. Approval of Project Plan No. 2 By an Ordinance entered on November 8, 2004, the City approved the creation of the TIF District. The City proposes a new project plan which would provide for the design, acquisition, construction and equipping of public improvements within, or for the benefit of, the TIF District specifically including, but not limited to, additions, betterments and improvements to Huntington Civic Arena, water lines, storm water management culverts and facilities, sanitary sewer lines, road improvements, streetscape systems, traffic control, pedestrian ways and systems, utility relocations, street lighting, real property and right-of-way acquisition, demolition and site preparation, and related infrastructure, on land within the TIF District or located near the TIF District and which contains facilities which serve or benefit the TIF District (“Project Plan No. 2”) Tax Increment Financing Obligations The City proposes to issue tax increment revenue bonds or other obligations (the “TIF Obligations”) in one or more series in an aggregate principal amount not to exceed $5,000,000, with maturities not to exceed 30 years from the date of the creation of the TIF District to (i) finance the costs of Project Plan No. 2, (ii) finance the costs of obtaining approval of Project Plan No. 2, (iii) fund reserves for the TIF Obligations, as necessary, (iv) fund capitalized interest on the TIF Obligations, as necessary, and (v) pay costs of issuance of the TIF Obligations and other related costs. Such obligations may be issued from time to time in one or more series. A portion of the costs of Project Plan No. 2 may also be paid directly from tax increment revenues. Further information regarding the proposed Application and the TIF Obligations are on file and available for inspection at the office of the City Clerk during regular business hours, located at City Hall, 800 Fifth Avenue, Huntington, West Virginia. Dated: December 13, 2019. By: /s/ Barbara Miller City Clerk LH-84414 12/13/20/19