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Continuously serving Kosciusko County since 1854

WARSAW - DECISION TO ISSUE BONDS

Posted
NOTICE TO TAXPAYERS OF
DECISION TO ISSUE BONDS IN
EXCESS OF FIVE THOUSAND DOLLARS
    Notice is hereby given pursuant to Indiana Code 6-1.1-20-5(a) to the taxpayers of the Redevelopment District of the City of Warsaw, Indiana (the “District”) that the City of Warsaw, Indiana, Redevelopment Commission did, on the 1st day of August, 2011, adopt a Resolution determining to issue bonds of the District in an aggregate principal amount not to exceed One Million Three Hundred Thousand and 00/100 Dollars ($1,300,000.00) (the “Bonds”) for the purpose of procuring funds to undertake certain local public improvements in the Warsaw Central Development Area, including, without limitation, the renovation of a building for the use as a City Hall, together with expenses incidental thereto, including expenses in connection with the issuance of the Bonds.  The Bonds are to bear interest at the rate or rates not exceeding seven percent (7.0%) per annum (the exact rate or rates to be determined by bidding), and are to mature serially in various amounts with a final maturity not later than January 15, 2027.  
    Dated this 26th day of August, 2011.
CITY OF WARSAW, INDIANA
REDEVELOPMENT COMMISSION
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