NOTICE OF PUBLIC HEARING ON THE
BOND AUTHORIZING ORDINANCE OF THE
PENDLETON COUNTY BUILDING
COMMISSION
A public hearing will be held on the following entitled Ordinance at a meeting of the Board of the Pendleton County Building Commission (the “Building Commission”) to be held on Tuesday, July 1, 2025, at 9:00 a.m. in the Pendleton County Courthouse, 100 South Main Street, Franklin, West Virginia, and at such hearing any person interested may appear before the Building Commission and present protests, and all protests and suggestions shall be heard by the Board of the Building Commission and it shall then take such actions as it shall deem proper in the premises upon an Ordinance entitled:
AN ORDINANCE AUTHORIZING THE ISSUANCE BY THE PENDLETON COUNTY BUILDING COMMISSION OF NOT MORE THAN $2,000,000 IN AGGREGATE PRINCIPAL AMOUNT OF PENDLETON COUNTY BUILDING COMMISSION LEASE REVENUE BONDS, SERIES 2025 A (COURTHOUSE ANNEX PROJECT) TO PROVIDE FUNDS TO FINANCE ALL OR A PORTION OF THE COSTS OF THE ACQUISITION OF REAL PROPERTY, CONSTRUCTION, RENOVATION, IMPROVEMENT, FURNISHING AND EQUIPPING OF A COURTHOUSE ANNEX FACILITY FOR THE COUNTY COMMISSION OF PENDLETON COUNTY, AND TO PAY OTHER COSTS IN CONNECTION THEREWITH AND APPROVING THE LEASING OF SAID FACILITY TO THE COUNTY COMMISSION OF PENDLETON COUNTY, ALL AS MORE FULLY SET FORTH HEREIN; AUTHORIZING THE EXECUTION AND DELIVERY OF A DEED OF TRUST, AN AGREEMENT AND LEASE, A LEASE ASSIGNMENT AND OTHER INSTRUMENTS AND DOCUMENTS AND APPROVING OTHER MATTERS RELATING TO THE TERMS AND SECURITY OF SUCH BONDS; DEFINING AND PRESCRIBING THE TERMS AND PROVISIONS OF THE SERIES 2025 A BONDS; PROVIDING GENERALLY FOR THE RIGHTS AND REMEDIES AND SECURITY OF THE HOLDERS OF THE SERIES 2025 A BONDS; PROVIDING FOR CERTAIN OTHER MATTERS IN CONNECTION THEREWITH; AND PROVIDING WHEN THIS ORDINANCE SHALL TAKE EFFECT.
The above quoted title of the Ordinance describes generally the contents thereof and the purposes of the bonds contemplated thereby. The Building Commission contemplates the issuance of Lease Revenue Bonds, Series 2025 A (the “Series 2025 A Bonds”) described in the Ordinance. The proceeds of the Series 2025 A Bonds will be used to (i) pay the costs of the acquisition of real property, construction, renovation, improvement, furnishing and equipping of the Courthouse Annex Facility; and (ii) pay the costs of issuance of the Series 2025 A Bonds and certain other costs in connection therewith. The Series 2025 A Bonds are payable solely from lease rentals payable to the Building Commission by The County Commission of Pendleton County. No taxes may at any time be levied for the payment of the Series 2025 A Bonds or the interest thereon.
The above-entitled Ordinance was adopted on second reading by the Board of the Building Commission on June 17, 2025. A certified copy of the above entitled Ordinance is on file with The County Commission of Pendleton County, on behalf of the Secretary of the Building Commission, for review by interested parties during regular office hours.
Following the public hearing, the Building Commission intends to enact the Ordinance upon final reading.
/s/ Elise White
County Clerk
6-19-2c