NOTICE OF PUBLIC HEARING FOR PROPOSED PIERCETON, INDIANA ECONOMIC DEVELOPMENT REFUNDING REVENUE BONDS, SERIES 2010 (LIFELINE YOUTH & FAMILY SERVICES, INC. PROJECT) Notice is hereby given that the Pierceton Economic Development Commission will conduct a public hearing on December 13, 2010 at 5:30 p.m. in the Town Hall located at the Town Community Building, 105 Walnut Street in Pierceton, Indiana to consider comments regarding the proposed issuance by the Town of Pierceton, Indiana (the "Issuer") of its Economic Development Refunding Revenue Bonds, Series 2010 (Lifeline Youth & Family Services, Inc. Project) in an aggregate principal amount not to exceed $4,624,000.00 (the "Series 2010 Bonds") and the lending of the proceeds thereof to Lifeline Youth & Family Services, Inc., an Indiana not-for-profit corporation (the "Borrower"). The Series 2010 Bonds are proposed to be issued to refund the Town of Pierceton Economic Development Revenue Bonds, Series 2007 dated as of April 1, 2007, originally issued to finance the construction and equipping of campus facilities for children who have been removed from their homes as a result of abuse, neglect or delinquency, including residential group homes, an alternative school and recreational facilities situated on a 59 acre tract of land located in the Pierceton Industrial Park, 27 Pequignot Drive, Pierceton, Indiana (the "Project"). The Series 2010 Bonds will be issued by the Town of Pierceton, Indiana pursuant to Indiana Code 36-7-11.9, 36-7-12 and 5-1-5. The Series 2010 Bonds are to be limited obligations of the Issuer payable from the revenues, receipts and security pledged therefor. The Series 2010 Bonds shall not be a debt or a pledge of the faith and credit or the taxing power of the Issuer, the State of Indiana (the "State") or any other political subdivision or body corporate and politic of the State. The public hearing is being held pursuant to Indiana Code 36-7-12-24 and Section 147(f) of the Internal Revenue Code of 1986, as amended. Interested persons may appear at the hearing to comment on the proposed issuance of the Bonds. Written comments may also be submitted to the President of the Pierceton Economic Development Commission until 3:00 p.m. on December 13, 2010 by delivering such comments to James L. Walmer at 827 South Union Street, Warsaw, Indiana 46581. Matthew Garcia, President Pierceton Economic Development Commission n30 [[In-content Ad]]
