Legal Notices

NOTICE OF PUBLIC HEARING THE CITY OF HUNTINGTON NOTICE OF PUBLIC HEARING REGARDING TAX INCREMENT FINANCING BOND AUTHORIZING ORDINANCE (DEVELOPMENT/ REDEVELOPMENT DISTRICT NO. 2 – KINETIC PAR PROJECT) A public hearing will be held at a regular meeting of the City Council of The City of Huntington (the “City”) on MONDAY, JUNE 22, 2020, 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 an ordinance entitled: AN ORDINANCE AUTHORIZING THE ISSUANCE OF NOT MORE THAN $3,750,000 AGGREGATE PRINCIPAL AMOUNT OF TAX INCREMENT REVENUE BONDS, IN ONE OR MORE SERIES (THE “BONDS”), OF THE CITY OF HUNTINGTON (THE “CITY”); AUTHORIZING THE USE OF THE PROCEEDS OF THE BONDS TO FINANCE COSTS OF THE DESIGN, ACQUISITION, CONSTRUCTION AND EQUIPPING OF PUBLIC IMPROVEMENTS WITHIN, OR FOR THE BENEFIT OF, THE CITY OF HUNTINGTON KINETIC PARK DEVELOPMENT/REDEVELOPMENT DISTRICT NO. 2 AND ALL NECESSARY APPURTENANCES AND RELATED FACILITIES, OTHER EXPENSES AND COSTS RELATED THERETO AND TO ISSUANCE OF THE BONDS; AUTHORIZING THE EXECUTION AND DELIVERY OF AN INDENTURE OF TRUST WITH RESPECT TO THE ISSUANCE OF THE BONDS; AUTHORIZING EXECUTION AND DELIVERY OF OTHER DOCUMENTS, INSTRUMENTS, AGREEMENTS AND CERTIFICATES IN CONNECTION WITH THE ISSUANCE OF THE BONDS AND THE UNDERTAKING OF SUCH PUBLIC IMPROVEMENTS; AUTHORIZING AND DIRECTING THE EXECUTION AND DELIVERY OF SUCH BONDS; PROVIDING PARAMETERS FOR THE PRINCIPAL AMOUNTS, MATURITIES, INTEREST RATES AND OTHER TERMS OF SUCH BONDS; AUTHORIZING THE MAYOR TO APPROVE, EXECUTE AND DELIVER A BOND PURCHASE AGREEMENT RELATING TO THE FINAL TERMS OF THE BONDS AND THE USES OF THE BOND PROCEEDS; APPOINTING A TRUSTEE, REGISTRAR, PAYING AGENT AND OTHER PARTICIPANTS IN THE FINANCING; AND AUTHORIZING THE TAKING OF ALL OTHER ACTIONS RELATING TO THE AMENDED PROJECT PLAN (AS HEREINAFTER DEFINED) AND ISSUANCE OF SUCH BONDS. The above-entitled Ordinance (the “Ordinance”) has been adopted on first reading by the Council of the City at a meeting of Council held on Monday, June 8, 2020. The above-quoted title of the Ordinance describes generally the contents thereof and the actions contemplated thereby. The City contemplates enactment of said Ordinance authorizing the issuance by the City of Tax Increment Revenue Bonds (the “Bonds”) in an aggregate principal amount not to exceed $3,750,000, for the benefit of The City of Huntington Kinetic Development/Redevelopment District No. 2 (the “TIF District”); authorizing the use of the proceeds of such Bonds to be used for the purposes of (i) financing costs of the design, acquisition, construction and equipping of the Amended Project Plan for the TIF District, (ii) funding or partially funding a reserve fund for the Bonds, and (iii) paying costs of issuance of the Bonds. The Bonds shall be payable from the tax increment revenues generated in the TIF District, certain funds and accounts established with a bond trustee in connection with the Bonds, and unexpended proceeds of the Bonds. A certified copy of the Ordinance is on file for review during regular business hours at the office of the City Clerk, located at City Hall, 800 Fifth Avenue, Huntington, West Virginia. Dated: June 12, 2020. By /s/Barbara Miller City Clerk LH-93720 6-12,19;2020