NOTICE OF PUBLIC HEARING ON THE CITY OF HUNTINGTON STORMWATER REVENUE BONDS, SERIES 2017 A A public hearing will be held on the following-entitled Ordinance at a regular meeting of the City Council of the City of Huntington (the "City") to be held on Monday, March 13, 2017, at 7:30 p.m. in the City Council Chambers at The City of Huntington, City Hall, 800 5th Avenue, Huntington, West Virginia, and at such hearing any person interested may appear before the City Council and present comments, 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 Ordinance entitled: ORDINANCE AUTHORIZING THE DESIGN, ACQUISTION, CONSTRUCTION AND EQUIPPING OF CERTAIN ADDITIONS, BETTERMENTS AND IMPROVEMENTS TO THE EXISTING STORMWATER SYSTEM OF THE CITY OF HUNTINGTON AND THE FINANCING OF THE COST THEREOF, NOT OTHERWISE PROVIDED, THROUGH THE ISSUANCE BY THE CITY OF HUNTINGTON OF NOT MORE THAN $3,500,000 IN AGGREGATE PRINCIPAL AMOUNT OF STORMWATER REVENUE BONDS, SERIES 2017 A; PROVIDING FOR THE RIGHTS AND REMEDIES OF AND SECURITY FOR THE HOLDER OF SUCH BONDS; AUTHORIZING THE SALE AND PROVIDING FOR THE TERMS AND PROVISIONS OF SUCH BONDS AND ADOPTING OTHER PROVISIONS RELATING THERETO. The above-quoted title of the Ordinance describes generally the contents thereof and the purposes of the Bonds contemplated thereby. The City contemplates the issuance of the Bonds described in the Ordinance, in one or more series. The proceeds of the Bonds will be used to (i) finance the costs of design, acquisition, construction and equipping of additions, betterments and improvements to the City's Stormwater System specifically including, but not limited to, repair of the Memorial Park Drive slip, repair of the North Edgemont Road slip and repair and stabilization of the 11th Street floodwall pump station, and all related appurtenances; (ii) fund reserve accounts for the Bonds, if required; and (iii) pay costs of issuance of the Bonds and related costs. The Bonds are payable from the revenues derived from the Stormwater System. No taxes may at any time be levied for the payment of the Bonds or the interest thereon. The above-entitled Ordinance was adopted by the City Council of the City of Huntington on February 27, 2017. A certified copy of the above-entitled Ordinance is on file with the City Clerk for review by interested parties during regular office hours. Following the public hearing, the Ordinance will be presented to City Council for enactment upon final reading. /s/ Barbara Miller City Clerk LH-50907 3-4,11; 2017
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