Winona Lake Revenue Bonds
August 26, 2020 at 12:43 p.m.
By -
The residents and taxpayers of the Town of Winona Lake, Indiana (the “Town”), are hereby notified that the Town Council of the Town (the “Town Council”), will consider at its meeting on September 15, 2020, issuing general obligation bonds of the Town, in one or more series or issues, in an original aggregate principal amount not to exceed One Million Two Hundred Fifty Thousand Dollars ($1,250,000) (the “Bonds”) for the purpose of financing the costs of certain infrastructure projects within the Town, consisting of any or all or any portion of the following: (i) a municipal water main extension from approximately 1093 250 East, South along 250 East to Pierceton Road, then continuing East along Pierceton Road to approximately 3085 E Pierceton Road consisting of a total expansion of about 1.3 miles of water main for the purpose of supporting future residential and commercial development along that route, (ii) simultaneous greenway trail installation along the same route in an effort to mitigate total costs by allowing the installation of the greenway in conjunction with the water main extension work, and (iii) paying related expenses, including the costs of issuing the Bonds.
The Bonds (a) will have a final maturity of not later than fifteen (15) years from the issuance date of the Bonds, and (b) will bear interest at a rate or rates not exceeding four percent (4.0%) (to be determined by bidding).
Taxpayers and residents of the Town are further notified that the Town Council will hold a public hearing at 6:00 p.m., local time, on September 15, 2020, in the Town Hall Council Chambers, 1310 Park Avenue, Winona Lake, Indiana, on the matter of appropriating the proceeds of the Bonds in the original aggregate principal amount of $1,250,000, together with all interest earnings thereon. Said appropriation is in addition to all appropriations provided for in the existing budget and tax levy of the Town. Funds to cover said appropriation are to be provided from the proceeds of the Bonds.
At said public hearing, all persons shall have the right to appear and be heard on the necessity of said appropriation.
Dated this 28th day of August, 2020.
TOWN OF WINONA LAKE, INDIANA
8-28 hspaxlp
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The residents and taxpayers of the Town of Winona Lake, Indiana (the “Town”), are hereby notified that the Town Council of the Town (the “Town Council”), will consider at its meeting on September 15, 2020, issuing general obligation bonds of the Town, in one or more series or issues, in an original aggregate principal amount not to exceed One Million Two Hundred Fifty Thousand Dollars ($1,250,000) (the “Bonds”) for the purpose of financing the costs of certain infrastructure projects within the Town, consisting of any or all or any portion of the following: (i) a municipal water main extension from approximately 1093 250 East, South along 250 East to Pierceton Road, then continuing East along Pierceton Road to approximately 3085 E Pierceton Road consisting of a total expansion of about 1.3 miles of water main for the purpose of supporting future residential and commercial development along that route, (ii) simultaneous greenway trail installation along the same route in an effort to mitigate total costs by allowing the installation of the greenway in conjunction with the water main extension work, and (iii) paying related expenses, including the costs of issuing the Bonds.
The Bonds (a) will have a final maturity of not later than fifteen (15) years from the issuance date of the Bonds, and (b) will bear interest at a rate or rates not exceeding four percent (4.0%) (to be determined by bidding).
Taxpayers and residents of the Town are further notified that the Town Council will hold a public hearing at 6:00 p.m., local time, on September 15, 2020, in the Town Hall Council Chambers, 1310 Park Avenue, Winona Lake, Indiana, on the matter of appropriating the proceeds of the Bonds in the original aggregate principal amount of $1,250,000, together with all interest earnings thereon. Said appropriation is in addition to all appropriations provided for in the existing budget and tax levy of the Town. Funds to cover said appropriation are to be provided from the proceeds of the Bonds.
At said public hearing, all persons shall have the right to appear and be heard on the necessity of said appropriation.
Dated this 28th day of August, 2020.
TOWN OF WINONA LAKE, INDIANA
8-28 hspaxlp
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