Ohio

Public Notice

NOTICE OF PUBLIC HEARING ON THE
CITY OF WHEELING BOND AUTHORIZING RESOLUTION AND
ORDINANCE

A public hearing will be held on the following entitled Resolution and Ordinance at a regular meeting of the Council of the City of Wheeling (the “City”) to be held on Tuesday, January 5, 2016, at 12:00 p.m. at the City Council Chambers located on the first floor of the City-County Building, 1500 Chapline Street, Wheeling, West Virginia, and at such hearing any person interested may appear before the City Council and present protests, and all protests and suggestions shall be heard by the City Council and it shall then take such actions as it shall deem proper in the premises upon an Resolution and Ordinance entitled:

A RESOLUTION AND ORDINANCE AUTHORIZING THE REFUNDING OF THE CITY OF WHEELING TAX INCREMENT REFUNDING REVENUE BONDS SERIES 2013 A (NON-BANK QUALIFIED) (THE “SERIES 2013 A BONDS”) AND THE CITY OF WHEELING TAX INCREMENT REFUNDING REVENUE BONDS SERIES 2013 B (BANK QUALIFIED) (THE “2013 B BONDS” AND, TOGETHER WITH THE SERIES 2013 A BONDS, THE “PRIOR BONDS”); AUTHORIZING THE ISSUANCE OF NOT MORE THAN $16,000,000 IN ORIGINAL AGGREGATE PRINCIPAL AMOUNT OF TAX INCREMENT REVENUE BONDS SERIES 2016, IN ONE OR MORE SERIES (COLLECTIVELY, THE “SERIES 2016 BONDS”), OF THE CITY OF WHEELING A PORTION OF THE PROCEEDS OF WHICH SHALL BE EXPENDED TO REFINANCE AND PAY IN FULL THE PRIOR BONDS, TO FUND ONE OR MORE DEBT SERVICE RESERVE FUNDS FOR THE SERIES 2016 BONDS, TO FINANCE COSTS OF PROPERTY ACQUISITION AND THE DESIGN, ACQUISITION, CONSTRUCTION AND EQUIPPING OF PROJECT COSTS IN THE CITY OF WHEELING REDEVELOPMENT PROJECT DISTRICT NO. 1 AND ALL NECESSARY APPURTENANCES AND RELATED FACILITIES, AND OTHER EXPENSES AND COSTS RELATED THERETO AND TO PAY COSTS OF ISSUANCE OF THE SERIES 2016 BONDS; AUTHORIZING THE EXECUTION AND DELIVERY OF AN INDENTURE OF TRUST, A BOND PURCHASE AGREEMENT AND ANY OTHER DOCUMENTS RELATING THERETO; AUTHORIZING DISTRIBUTION OF A PRIVATE PLACEMENT MEMORANDUM OR OTHER OFFERING DOCUMENT; AUTHORIZING EXECUTION AND DELIVERY OF OTHER DOCUMENTS, INSTRUMENTS, AGREEMENTS AND CERTIFICATES; AUTHORIZING AND DIRECTING THE EXECUTION AND DELIVERY OF SUCH SERIES 2016 BONDS; PROVIDING PARAMETERS FOR THE PRINCIPAL AMOUNTS, MATURITIES, INTEREST RATES AND OTHER TERMS OF THE SERIES 2016 BONDS; AUTHORIZING THE MAYOR TO APPROVE A CERTIFICATE OF DETERMINATIONS RELATING TO THE FINAL TERMS OF THE SERIES 2016 BONDS; APPOINTING A TRUSTEE, REGISTRAR, PAYING AGENT AND OTHER PARTICIPANTS IN THE FINANCING; AND AUTHORIZING THE TAKING OF ALL OTHER ACTIONS RELATING TO THE ISSUANCE OF THE SERIES 2016 BONDS.

The above-quoted title of the Resolution and Ordinance describes generally the contents thereof and the purposes of the Series 2016 Bonds contemplated thereby. The City contemplates the issuance of the Series 2016 Bonds, in one or more series, as described in the Resolution and Ordinance. The aggregate proceeds of the Series 2016 Bonds will be used to (i) refund the outstanding principal of, and to pay all interest accrued on, the Prior Bonds; (ii) pay costs of financing the Project; (iii) fund one or more reserve accounts for the Series 2016 Bonds; and (iv) pay costs of issuance of the Series 2016 Bonds. The Series 2016 Bonds are payable from the ad valorem property tax increment deposited in the TIF Fund for the City of Wheeling Redevelopment Project District No. 1. No other taxes may, at any time, be levied for the payment of the principal of the Series 2016 Bonds or the interest thereon.

The above-entitled Resolution and Ordinance was presented for first reading to the Council of the City of Wheeling on December 15, 2015. certified copy of the above-entitled Resolution and Ordinance is on file with the City for review by interested parties during regular office hours.

Following the public hearing, the City intends to adopt and enact the Resolution and Ordinance upon final reading.

/s/ Janice Jones
Clerk
Int. Dec. 23, 30, 2015

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