Legal Notices

CITY OF SOUTH CHARLESTON NOTICE OF PUBLIC HEARING Pursuant to W. Va. Code 8-12-18, a public hearing will be held by the City Council of South Charleston, West Virginia (the “City”), on the following entitled Ordinance on the question of whether the City should lease certain real estate located at 60 MacCorkle Avenue, South Charleston, West Virginia (the “Property”). At a regular meeting of the City Council to be held at 7:30 p.m., on October 21, 2021 in its Chambers at City Hall, 401 D Street, South Charleston, West Virginia, all parties and interested persons may attend and appear before the City Council and be heard as to whether the Ordinance shall be put into effect and to express their views on the proposed leasing of the Property and at such hearing all objections and suggestions shall also be heard and the City Council shall then take such action as it shall deem proper in the premises upon an Ordinance entitled: AN ORDINANCE AUTHORIZING THE REFUNDING OF THE SOUTH CHARLESTON MUNICIPAL BUILDING COMMISSION LEASE REVENUE BONDS, SERIES 2017 (CITY OF SOUTH CHARLESTON PARK PLACE PROJECT) AND THE SOUTH CHARLESTON MUNICIPAL BUILDING COMMISSION LEASE REVENUE BONDS, SERIES 2018 A (SOUTH CHARLESTON PARK PLACE PROJECT) THROUGH THE ISSUANCE BY THE SOUTH CHARLESTON MUNICIPAL BUILDING COMMISSION (THE “BUILDING COMMISSION”) OF ITS LEASE REVENUE REFUNDING BONDS (SOUTH CHARLESTON PARK PLACE PROJECT), SERIES 2021 A (TAXABLE) IN AN AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED $11,000,000 (THE “BONDS”); AUTHORIZING THE CITY OF SOUTH CHARLESTON TO ENTER INTO A CONTRACT OF LEASE-PURCHASE WITH THE BUILDING COMMISSION; AUTHORIZING THE EXECUTION AND DELIVERY OF OTHER DOCUMENTS, INSTRUMENTS, AGREEMENT AND CERTIFICATES; AND AUTHORIZING THE TAKING OF ALL OTHER ACTIONS RELATING TO THE FOREGOING. The above-quoted title of the Ordinance generally describes the contents thereof. The proceeds of the Bonds issued by the South Charleston Municipal Building Commission will be used to (i) currently refund the Building Commission’s Lease Revenue Bonds, Series 2017 (City of South Charleston Park Place Project) and Lease Revenue Bonds, Series 2018 A (South Charleston Park Place Project) (the “Refunding”); and (ii) pay the costs of issuance of the Bonds and related costs. The Building Commission and the City will enter into a Contract of Lease-Purchase dated as of the date specified therein (the “Lease”). The lease payments to be paid by the City under the Lease will be sufficient to pay the principal of and interest due on the Bonds. The Bonds are payable solely from revenues and rentals to be derived from the Lease. The Lease is cancellable upon 30 days’ notice or an event of non-appropriation. A certified copy of the above-entitled Ordinance is on file at the office of the Mayor at City Hall, 401 D Street, South Charleston, West Virginia, for review by interested persons during regular office hours. Following the public hearing, the City Council intends to adopt a Resolution to make the Ordinance effective. Dated: October 15, 2021. CITY OF SOUTH CHARLESTON By: /s/ Margie Spence City Clerk LC-117943 10-15;2021