Legal Notices

L E G A L Notice is hereby given that on September 23, 2024, at 7:30 p.m., or as soon thereafter as the matter can be heard, the Council of the City of Huntington, in Conference Room #5 of the Convention Center of the Marshall Health Network Arena, 1 Civic Center Drive, Huntington, WV, proposes to finally vote on the adoption of an ordinance, the subject matter of which is as follows: 2024-O-28 – AN ORDINANCE AUTHORIZING AND APPROVING THE REFUNDING BY THE CITY OF HUNTINGTON BUILDING COMMISSION (THE “BUILDING COMMISSION”) OF THE HUNTINGTON MUNICIPAL DEVELOPMENT AUTHORITY TAXABLE REFUNDING AND IMPROVEMENT REVENUE BONDS (HUNTINGTON PUBLIC FACILITIES) SERIES 2010 B (THE “SERIES 2010 BONDS”); THE CONVEYANCE OF CERTAIN REAL AND PERSONAL PROPERTY BY THE CITY OF HUNTINGTON (THE “CITY”) AND THE HUNTINGTON MUNICIPAL DEVELOPMENT AUTHORITY (“HMDA”) TO THE BUILDING COMMISSION IN CONNECTION WITH THE DESIGN, ACQUISITION, CONSTRUCTION, FURNISH, AND EQUIPPING OF IMPROVEMENTS TO CIVIC ARENA CURRENTLY KNOWN AS MARSHALL HEALTH NETWORK ARENA (THE “PROJECT”); AUTHORIZING THE CITY TO UNDERTAKE THE DESIGN, ACQUISITION, CONSTRUCTION AND EQUIPPING OF THE PROJECT; AUTHORIZING AND APPROVING THE ISSUANCE BY THE BUILDING COMMISSION OF ITS LEASE REVENUE REFUNDING BONDS IN AN AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED $12,000,000 (THE “BONDS”), TO FINANCE THE REFUNDING OF THE SERIES 2010 BONDS, ALL OR A PORTION OF THE COSTS OF THE PROJECT, THE FUNDING OF A DEBT SERVICE RESERVE FUND FOR THE BONDS, IF REQUIRED, AND THE PAYMENT OF COSTS OF ISSUANCE OF THE BONDS AND RELATED COSTS, INCLUDING THE PREMIUM FOR ONE OR MORE MUNICIPAL BOND INSURANCE POLICIES, IF NECESSARY; AUTHORIZING THE LEASING OF THE PROPERTY ASSOCIATED WITH THE PROJECT, TOGETHER WITH ALL BUILDINGS, IMPROVEMENTS, FIXTURES, EQUIPMENT, RIGHTS OF WAY AND APPURTENANCES ASSOCIATED THEREWITH BY THE CITY FROM THE BUILDING COMMISSION PURSUANT TO A LEASE AGREEMENT TO BE EXECUTED AND DELIVERED BY THE MAYOR OF THE CITY; AUTHORIZING THE ACKNOWLEDGEMENT AND AGREEMENT BY THE MAYOR OF THE CITY OF A BOND PURCHASE AGREEMENT BETWEEN THE BUILDING COMMISSION AND THE PURCHASER OF THE BONDS; AUTHORIZING THE DISTRIBUTION OF A PRELIMINARY OFFICIAL STATEMENT, IF NECESSARY, AND THE EXECUTION, DELIVERY AND DISTRIBUTION OF AN OFFICIAL STATEMENT, IF NECESSARY; AUTHORIZING, IF DEEMED ADVISABLE, THE PURCHASE OF ONE OR MORE BOND INSURANCE POLICIES WITH RESPECT TO THE BONDS; AUTHORIZING, IF DEEMED ADVISABLE, THE PURSUIT AND OBTAINING OF CREDIT RATINGS ON THE CITY OR ANY SERIES OF BONDS; AND AUTHORIZING OTHER NECESSARY ACTIONS IN CONNECTION WITH THE FOREGOING Such ordinance is filed in the City Clerk’s Office, Room 135, City Hall, 800 5th Ave., Huntington, WV, where the same may be inspected by the public, and interested parties may appear at the meeting and be heard with respect to the proposed ordinance. Dated: 091/801/4024 Lisa Adkins, Assistant City Clerk LH-183454 09-13;2024