NOTICE OF PUBLIC HEARING
$40,000,000 West
Virginia Economic
Development Authority
Solid Waste Disposal
Facilities Revenue Bonds
(Empire Green
Generation, LLC
Project)
Series 2022
Notice is hereby given of a public hearing to be held on behalf of the West Virginia Economic Development Authority (the “Authority”), on Thursday, October 20, 2022, at 9:00 a.m., at 180 Association Drive, Charleston, WV 25311, with respect to the issuance from time to time as a plan of finance of one or more series of bonds (the “Bonds”) in an aggregate principal amount not to exceed $40,000,000 by the West Virginia Economic Development Authority. The Bonds may be refunded in the future. Proceeds of the Bonds will be loaned to Empire Green Generation, LLC, a Delaware limited liability company, or an affiliate thereof or related person thereto (the “Borrower”), to finance or refinance the costs of acquiring, constructing, rehabilitating, developing, improving and equipping capital improvements, equipment, land and infrastructure and pay related financing costs with respect to solid waste disposal facilities within the meaning of Section 142(a)(6) of the Internal Revenue Code, located on approximately 13 acres of land at Koppers Road at the Ohio River, Follansbee, West Virginia, including the deployment of a 70 ton per day thermochemical medical waste recycling system to generate electricity, together with other real and personal property to be constructed and equipped (together, the “Project”). The initial owner or operator of the Project will be the Borrower.
The Bonds shall not constitute an indebtedness of the Authority but shall be limited obligations of the Authority, payable solely from loan repayment proceeds or other revenues to be derived pursuant to a loan agreement to be entered into between the Authority and the Borrower. Neither the Bonds nor the interest thereon shall constitute a debt or pledge of the faith and credit or taxing authority of the State of West Virginia or of any county, municipality or any other political subdivision thereof.
The public hearing will be conducted by the Executive Director of the Authority. All interested persons are invited to attend such public hearing to express their views with respect to the nature and location of Project and the Bonds. To promote and protect the safety of both the public and the Authority’s staff in light of the COVID-19 pandemic, in lieu of physical presence at the public hearing, attendance will be solely by telephone. All those wishing to participate may call-in by toll free number at 1-888-273-3658, Participant Code: 9045340. Interested persons may submit their views in writing, or questions or requests for additional information may be directed, to Kris Warner, Executive Director, West Virginia Economic Development Authority, 180 Association Drive, Charleston, WV 25311 or e-mail
[email protected]
on or before 9:00 a.m. on October 20, 2022. This notice is published and the hearing is to be held in satisfaction of the requirements of Section 147(f) of the Internal Revenue Code of 1986, as amended.
West Virginia Economic Development Authority
Int. Oct 12, 2022