NOTICE OF PUBLIC HEARING ON THE
TOWN OF PADEN CITY BOND ORDINANCE
A public hearing will be held on the followingentitled
Ordinance at a regular meeting of the Council of the
Town of Paden City (the “Town”) to be held on Monday,
March 1, 2021, at 7:00 p.m. at the Town Hall, Paden
City, West Virginia, and at such hearing any person
interested may appear before the Town and present
protests, and all protests and suggestions shall be
heard by the Town and it shall then take such actions as
it shall deem proper in the premises upon an Ordinance
entitled:
ORDINANCE AUTHORIZING THE PAYMENT OF THE
PRIOR NOTE AND THE ACQUISITION AND
CONSTRUCTION OF CERTAIN ADDITIONS,
BETTERMENTS AND IMPROVEMENTS TO THE
EXISTING PUBLIC WATERWORKS FACILITIES OF
TOWN OF PADEN CITY, AND THE FINANCING OF
THE COST, NOT OTHERWISE PROVIDED
THEREOF, THROUGH THE ISSUANCE BY TOWN OF
PADEN CITY OF NOT MORE THAN $5,800,000 IN
AGGREGATE PRINCIPAL AMOUNT OF WATER
REVENUE BONDS, SERIES 2021 A (UNITED
STATES DEPARTMENT OF AGRICULTURE) IN ONE
OR MORE SERIES; DEFINING AND PRESCRIBING
THE TERMS AND PROVISIONS OF THE BONDS;
PROVIDING GENERALLY FOR THE RIGHTS AND
REMEDIES OF AND SECURITY FOR THE HOLDER
OF THE BONDS; AND PROVIDING WHEN THIS
ORDINANCE SHALL TAKE EFFECT.
The abovequoted title of the Ordinance describes
generally the contents thereof and the purposes of the
Bonds contemplated thereby. The Town contemplates
the issuance of the Bonds described in the Ordinance.
The proceeds of the Bonds will be used (i) to pay in full
the Construction Anticipation Note, Series 2019 A; (ii) to
pay a portion of the costs of acquisition and construction
of certain additions, betterments and improvements to
the existing public waterworks system of the Issuer (the
“Project”); and (iii) to pay certain costs of issuance of the
Bonds and related costs. No taxes may at any time be
levied for the payment of the Bonds or the interest
thereon.
The Town Council is following the mandates from
the Office of the Governor of West Virginia with
respect to COVID-19. These mandates change from
time to time and may impact the manner in which
members of the public may attend meetings of
Town Council and participate in public hearings.
Members of the public who wish to participate in
the public hearing on this ordinance are
encouraged to call Town Hall prior to the meeting to
verify the then current procedures for meetings of
Town Council and public participation in public
hearings.
The above-entitled Ordinance was adopted by the
Council of the Town of Paden City on February 1, 2021.
A certified copy of the aboveentitled Ordinance is on file
with the Town for review by interested parties during
regular office hours.
Following the public hearing, the Town intends to enact
the Ordinance upon final reading.
/s/ Sheila Ervin
Recorder
Steptoe & Johnson PLLC
WC 2/17 2/24 14795