THE SOUTH CHARLESTON MUNICI…

THE SOUTH CHARLESTON MUNICIPAL BUILDING COMMISSION NOTICE OF PUBLIC HEARING ON LEASE REVENUE REFUNDING BONDS (PARK PLACE AND JEFFERSON ROAD DEVELOPMENT PROJECTS) SERIES 2026 AND RELATED MATTERS Pursuant to W.Va. Code 8-16-7, a public hearing will be held by The South Charleston Municipal Building Commission (the "Building Commission") on the following entitled Ordinance and on the question of whether there should be approved the issuance by the Building Commission of Lease Revenue Refunding Bonds (Park Place and Jefferson Road Development Projects), Series 2026 (the "Bonds"), in one or more series, in an aggregate principal amount not to exceed $45,000,000 for the purpose of financing the costs of (i) refunding The South Charleston Municipal Building Commission Lease Revenue Refunding Bonds (South Charleston Park Place Project), Series 2022 A (Taxable), The South Charleston Municipal Building Commission Lease Revenue Bonds (Jefferson Road Development Project), Series 2022 B (Taxable), The South Charleston Municipal Building Commission Lease Revenue Bonds (South Charleston Park Place Project), Series 2023 A, and The South Charleston Municipal Building Commission Lease Revenue Bonds (South Charleston Park Place Project), Series 2023 B (Taxable) (collectively, the "Refunding"); and (ii) the construction, improvement, development and equipping of certain property along and around 60 MacCorkle Avenue, commonly known as Park Place, and along and around Jefferson Road, commonly known as Jefferson Park, for purposes of commercial and economic development, including reimbursement of certain prior expenditures for such purposes (collectively, the "Project") and (iii) paying the costs of issuance of the Bonds and related costs. At the regular meeting of the Board of the Building Commission to be held at 6:30 p.m., on May 7, 2026, in City Council Chambers in the City Hall, 401 D Street, South Charleston, West Virginia, all parties and interested persons may attend and appear before the Building Commission and be heard as to whether the Ordinance shall be put into effect and to express their views on the proposed issuance of Bonds and at such hearing all objections and suggestions shall also be heard and the Building Commission shall then take such action as it shall deem proper in the premises upon an Ordinance entitled: ORDINANCE AUTHORIZING THE ISSUANCE OF NOT TO EXCEED $45,000,000 THE SOUTH CHARLESTON MUNICIPAL BUILDING COMMISSION LEASE REVENUE REFUNDING BONDS (PARK PLACE AND JEFFERSON ROAD DEVELOPMENT PROJECTS), SERIES 2026, IN ONE OR MORE SERIES TO PROVIDE FUNDS TO FINANCE THE COSTS OF (I) REFUNDING THE SOUTH CHARLESTON MUNICIPAL BUILDING COMMISSION LEASE REVENUE REFUNDING BONDS, SERIES 2022 A (SOUTH CHARLESTON PARK PLACE PROJECT) (TAXABLE), THE SOUTH CHARLESTON MUNICIPAL BUILDING COMMISSION LEASE REVENUE BONDS, SERIES 2022 B (JEFFERSON ROAD DEVELOPMENT PROJECT) (TAXABLE), THE SOUTH CHARLESTON MUNICIPAL BUILDING COMMISSION LEASE REVENUE BONDS, SERIES 2023 A (CITY OF SOUTH CHARLESTON PARK PLACE PROJECT), THE SOUTH CHARLESTON MUNICIPAL BUILDING COMMISSION LEASE REVENUE BONDS, SERIES 2023 B (SOUTH CHARLESTON PARK PLACE PROJECT) (TAXABLE); (II) THE CONSTRUCTION, IMPROVEMENT, DEVELOPMENT AND EQUIPPING OF REAL PROPERTY LOCATED AT THE PARK PLACE AND JEFFERSON PARK DEVELOPMENTS, INCLUDING REIMBURSEMENT OF PRIOR EXPENDITURES FOR SUCH PURPOSES; AND (III) PAYING THE COSTS OF ISSUANCE OF THE BONDS AND RELATED COSTS; AUTHORIZING THE EXECUTION AND DELIVERY OF AN INDENTURE, CREDIT LINE DEED OF TRUST, SECURITY AGREEMENT, FIXTURE FILING AND ASSIGNMENT OF RENTS AND LEASES AND A CONTRACT OF LEASE-PURCHASE; AUTHORIZING THE EXECUTION AND DELIVERY OF THE BONDS; PROVIDING PARAMETERS FOR THE TERMS OF THE BONDS; AUTHORIZING THE EXECUTION AND DELIVERY OF OTHER DOCUMENTS, INSTRUMENTS, AGREEMENT AND CERTIFICATES; AND AUTHORIZING THE TAKING OF ALL OTHER ACTIONS RELATING TO THE FINANCING. The above-quoted title of the Ordinance generally describes the contents thereof and the purposes of the Bonds issued by the Building Commission contemplated thereby. The proceeds of the Bonds issued by the Building Commission will be used to (i) finance the costs of the Refunding; (ii) finance the costs of the Project and (iii) pay the costs of issuance of the Bonds and related costs. The Building Commission and the City of South Charleston (the "City") will enter into a Contract of Lease-Purchase dated as of the date specified therein (the "Lease"). The lease payments to be paid by the City under the Lease will be sufficient to pay the principal of and interest due on the Bonds. The Bonds are payable solely from the Trust Estate. The Lease is cancellable upon 30-days' notice or an event of non-appropriation. A certified copy of the above-entitled Ordinance is on file at the office of the City Manager, the Municipal Building, 238 4th Avenue, South Charleston, West Virginia, for review by interested persons during regular office hours. Following the public hearing, the Building Commission intends to adopt a Resolution to make the Ordinance effective. Dated: April 16, 2026. THE SOUTH CHARLESTON MUNICIPAL BUILDING COMMISSION By: /s/ Danny Huffman Its Secretary LC-444856 04-17,24;2026
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