Public Notice

NOTICE OF PUBLIC HEARING
A public hearing will be held on the following – entitled Ordinance at a regular meeting of the Council of The City of Wheeling (the “City”) to be held on Tuesday, April 5, 2022, at 12:00 p.m. in City Council Chambers at the City-County Building, 1500 Chapline Street, Wheeling, West Virginia, and at such hearing any person interested may appear before the City and present protests, and all protests and suggestions shall be heard by the City and it shall then take such actions as it shall deem proper in the premises upon an Ordinance entitled:
AN ORDINANCE AUTHORIZING AND APPROVING THE DESIGN, ACQUISITION, CONSTRUCTION, IMPROVEMENT, FURNISHING AND EQUIPPING OF PROPERTY TO BE CONVEYED BY THE CITY OF
WHEELING (THE “CITY”) TO THE WHEELING MUNICIPAL BUILDING COMMISSION (THE “BUILDING COMMISSION”) LOCATED WEST OF WOOD STREET, BETWEEN SEVENTEENTH STREET AND LANE 15, WHEELING, WEST VIRGINIA, FOR USE AS A FIRE DEPARTMENT HEADQUARTERS (THE “PROJECT”) BY THE CITY AND THE ISSUANCE BY THE BUILDING COMMISSION OF ITS LEASE REVENUE BONDS, IN ONE OR MORE SERIES, IN AN AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED $9,000,000 (THE “SERIES 2022 A BONDS”), TO FINANCE THE COSTS THEREOF, 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; AUTHORIZING AND APPROVING THE CONVEYANCE OF ALL REAL AND PERSONAL PROPERTY CONSTITUTING THE PROPERTY OF THE PROPOSED FIRE DEPARTMENT HEADQUARTERS WITH ALL BUILDINGS, IMPROVEMENTS, FIXTURES, EQUIPMENT, RIGHTS OF WAY AND APPURTENANCES ASSOCIATED THEREWITH BY THE CITY TO THE BUILDING COMMISSION; AUTHORIZING THE LEASING OF THE PROPERTY OF THE PROPOSED FIRE DEPARTMENT HEADQUARTERS 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 EXECUTION AND DELIVERY OF A CREDIT LINE DEED OF TRUST, SECURITY AGREEMENT AND FIXTURE FILING BY THE CITY AND THE BUILDING COMMISSION IN FAVOR OF THE PURCHASER OF THE BONDS; AUTHORIZING THE EXECUTION AND DELIVERY BY THE MAYOR OF THE CITY OF A BOND PURCHASE AGREEMENT BETWEEN THE BUILDING COMMISSION AND THE PURCHASER OF THE BONDS, WITH THE ACKNOWLEDGEMENT AND AGREEMENT OF THE CITY; AND AUTHORIZING OTHER NECESSARY ACTIONS IN CONNECTION WITH THE FOREGOING.
The above quoted title of the Ordinance describes generally the contents thereof and the purposes of the transfer of certain real property and the improvement thereon (collectively, as presently existing and further improved, the “Site”) to, and the subsequent leasing of the property from, the Wheeling Municipal Building Commission (the “Building Commission”). The City contemplates that the Wheeling Municipal Building Commission will issue Lease Revenue Bonds, Series 2022 A (the “Series 2022 A Bonds”) to finance (i) the design, acquisition, construction, improvement, furnishing and equipping of certain real estate, together with the improvements thereon, located in Wheeling, West Virginia as a fire department headquarters (the “Project”); (ii) the funding of a debt service reserve fund for the Series 2022 A Bonds, if required; and (iii) the costs of issuance of the Series 2022 A Bonds and related costs. The Site is located west of Wood Street, between 17th Street and Lane 15, Wheeling, West Virginia. The Series 2022 A Bonds will be payable solely from lease rentals payable to the Wheeling Municipal Building Commission by The City of Wheeling. No taxes may at any time be levied for the payment of the Series 2022 A Bonds or the interest thereon.
The above-entitled Ordinance was approved and adopted on first reading by the Council of The City of Wheeling on March 1, 2022. A certified copy of the above-entitled Ordinance is on file with the City Clerk for review by interested parties during regular office hours.
Following the public hear ing, the Council of The City of Wheeling intends to enact the Ordinance upon final reading.
Int. March 25. April 1, 2022