City of Warsaw
February 21, 2025 at 6:00 a.m.
NOTICE OF PUBLIC HEARING BY THE COMMON COUNCIL OF THE CITY OF WARSAW, INDIANA, CONCERNING AN ADDITIONAL APPROPRIATION FOR THE STREET DEPARTMENT BUILDING PROJECT
Notice is hereby given to the residents and taxpayers of the City of Warsaw, Indiana (the “City”), that on Monday, March 3, 2025, at 7:00 p.m. (local time), in the Council Chambers of City Hall, which is located at 102 South Buffalo Street, Warsaw, Indiana, the Common Council of the City (the “Council”) will hold a public hearing on the matter of appropriating a portion of the proceeds of certain lease rental revenue bonds of the City of Warsaw Redevelopment Authority (the “Authority”), to be issued in one or more series (collectively, the “Bonds”), which will be paid to the City by the Authority as the purchase price for the acquisition of certain existing local public improvements located in, and currently owned by, the City (collectively, the “Leased Premises”), as more particularly described and identified in the proposed Lease Agreement between the Authority, as lessor, and the City of Warsaw Redevelopment Commission (the “Commission”), as lessee. The purchase price to be paid by the Authority to the City for the Leased Premises will not exceed $14,500,000.
The proceeds received by the City from the sale of the Leased Premises, together with all interest earnings thereon, will be used by the City and the Commission to (a) finance or reimburse the cost of all or any portion of the design, acquisition, construction, installation and equipping of a new building and related facilities for use by the Street Department of the City (collectively, the “Project”), which will be located in, or will directly serve or benefit, one or more redevelopment areas or economic development areas in the City.
Said appropriation is in addition to any appropriation provided for in the existing budget and tax levy and shall continue in effect until the completion of the described purposes of the Project. Funds to cover said appropriation are to be provided from a portion of the proceeds of the Bonds, and interest earnings thereon in the amount set forth in this notice. At said public hearing, all persons shall have the right to appear and be heard on the necessity of said appropriation.
Dated this 21st day of February, 2025.
COMMON COUNCIL OF THE
CITY OF WARSAW, INDIANA
2-21 hspaxlp
NOTICE OF PUBLIC HEARING BY THE COMMON COUNCIL OF THE CITY OF WARSAW, INDIANA, CONCERNING AN ADDITIONAL APPROPRIATION FOR THE STREET DEPARTMENT BUILDING PROJECT
Notice is hereby given to the residents and taxpayers of the City of Warsaw, Indiana (the “City”), that on Monday, March 3, 2025, at 7:00 p.m. (local time), in the Council Chambers of City Hall, which is located at 102 South Buffalo Street, Warsaw, Indiana, the Common Council of the City (the “Council”) will hold a public hearing on the matter of appropriating a portion of the proceeds of certain lease rental revenue bonds of the City of Warsaw Redevelopment Authority (the “Authority”), to be issued in one or more series (collectively, the “Bonds”), which will be paid to the City by the Authority as the purchase price for the acquisition of certain existing local public improvements located in, and currently owned by, the City (collectively, the “Leased Premises”), as more particularly described and identified in the proposed Lease Agreement between the Authority, as lessor, and the City of Warsaw Redevelopment Commission (the “Commission”), as lessee. The purchase price to be paid by the Authority to the City for the Leased Premises will not exceed $14,500,000.
The proceeds received by the City from the sale of the Leased Premises, together with all interest earnings thereon, will be used by the City and the Commission to (a) finance or reimburse the cost of all or any portion of the design, acquisition, construction, installation and equipping of a new building and related facilities for use by the Street Department of the City (collectively, the “Project”), which will be located in, or will directly serve or benefit, one or more redevelopment areas or economic development areas in the City.
Said appropriation is in addition to any appropriation provided for in the existing budget and tax levy and shall continue in effect until the completion of the described purposes of the Project. Funds to cover said appropriation are to be provided from a portion of the proceeds of the Bonds, and interest earnings thereon in the amount set forth in this notice. At said public hearing, all persons shall have the right to appear and be heard on the necessity of said appropriation.
Dated this 21st day of February, 2025.
COMMON COUNCIL OF THE
CITY OF WARSAW, INDIANA
2-21 hspaxlp