TO BE PUBLISHED IN
THE PARKERSBURG NEWS AND SENTINEL ON
WEDNESDAY, NOVEMBER 15, 2023, AND
WEDNESDAY, NOVEMBER 22, 2023]
CITY OF VIENNA
NOTICE OF PUBLIC HEARING
REGARDING BOND AUTHORIZING ORDINANCE
(AQUATIC FACILITY)
A public hearing will be held on the following-entitled Ordinance at a special meeting of the City Council of the City of Vienna to be held on Monday, November 27, 2023, at 9:00 a.m., in the Council Chambers, City Hall, 609 29th Street, Vienna, West Virginia West Virginia and at such hearing any person interested may appear before the Council and present protests, comments and suggestions, and all protests, comments and suggestions shall be heard by the Council and it shall then take such action as it shall deem proper in the premises upon an Ordinance entitled:
AN ORDINANCE AUTHORIZING AND APPROVING THE CONVEYANCE OF CERTAIN REAL PROPERTY, FIXTURES AND PERSONAL PROPERTY AND APPURTENANCES TO THE CITY OF VIENNA BUILDING COMMISSION FOR THE PURPOSE OF FACILITATING THE DESIGN, ACQUISITION, CONSTRUCTION, RENOVATION AND EQUIPPING OF A NEW AQUATIC FACILITY AT JACKSON PARK BY THE CITY OF VIENNA ON BEHALF OF THE CITY OF VIENNA BUILDING COMMISSION; THE LEASING OF SUCH REAL PROPERTY AND ALL PROJECT IMPROVEMENTS AND APPURTENANCES THERETO BY THE CITY OF VIENNA FROM THE CITY OF VIENNA BUILDING COMMISSION; THE SALE AND ISSUANCE BY THE CITY OF VIENNA BUILDING COMMISSION OF NOT TO EXCEED $4,000,000 IN PRINCIPAL AMOUNT OF LEASE REVENUE BONDS, IN ONE OR MORE SERIES TO PAY ALL OR A PORTION OF THE COSTS OF THE PROJECT AND COSTS OF ISSUANCE OF THE BONDS; AUTHORIZING THE EXECUTION AND DELIVERY OF AN AGREEMENT AND LEASE AND OTHER INSTRUMENTS AND AUTHORIZING AND APPROVING OTHER DOCUMENTS AND MATTERS RELATING TO THE TERMS AND SECURITY OF SUCH BONDS; AND PROVIDING FOR OTHER MATTERS IN CONNECTION THEREWITH.
The above-entitled Ordinance has been approved by the City Council of the City of Vienna (the “City”) upon first reading on September 28, 2023.
The above-quoted title of the Ordinance describes generally the contents thereof and the purposes of the Bond issue contemplated thereby. The proceeds of the Bonds will be used to pay a portion of the costs to design, acquire, construct, renovate and equip on the Aquatic Facility Site, as defined in the Ordinance, a new swimming pool and recreational aquatic facility (the “Project”). The City approves the issuance of Lease Revenue Bonds, in one or more series, by the City of Vienna Municipal Building Commission (the “Building Commission”) for the purpose of facilitating the financing of costs of the Project, all as described in the Ordinance.
The Ordinance also approves the leasing of the Project by the City from the Building Commission pursuant to an Agreement and Lease, by and between the City and the Building Commission (the “Lease”) and the payment of lease rentals by the City to the Building Commission at such time and in such amount as to pay the principal of and interest on the Bonds as the same becomes due and payable. The Bonds will be payable solely from the lease rentals to be paid by the City to the Building Commission pursuant to the Lease. No taxes may at any time be levied for the payment of the Bonds or the interest thereon.
A certified copy of the above-entitled Ordinance is on file with the City of Vienna for review by interested parties during regular office hours.
Following said public hearing, the City Council intends to consider enactment of said Ordinance upon final reading and placement of such Ordinance into effect if such action appears to be appropriate after taking into consideration the comments and suggestions made at the public hearing.
Dated: November 13, 2023.
/s/ Recorder, City of Vienna
Nov 15, 22