HomeMy WebLinkAbout1980-02-26 Public hearingNOTICE OF PUBLIC HEARING OF INTENTION
TO ISSUE
INDUSTRIAL DEVELOPMENT REVENUE BONDS
(E. B. & A. C. WHITING COMPANY PROJECT)
" Notice is r herebygiven that a 9� public hearing will be conducted
before the City Council of Iowa City, Iowa, in the City Hall,
4 Iowa City, Iowa, at J o o'clock �.M., onj a
c COV �n �
1980, on the proposal to issue not to exceed $2,000,000
principal amount of the City's Industrial Development Revenue
Bonds (E. B. & A. C. Whiting Company Project) pursuant to the
provisions of Chapter 419 of the Code of Iowa, for the purpose
of defraying all or a portion of the cost of acquisition,
construction, improving and equipping of a facility for
manufacturing and processing thermoplastic monofilaments,
an industrial development project within said City, suitable
for use as a facility for manufacturing and processing
thermoplastic monofilaments. The proposed facility will be
owned by E. B. & A. C. Whiting Company, a Vermont corporation.
It is contemplated that a Loan Agreement will be entered into
between the City and E. B. & A. C. Whiting Company, under
which the City would loan to said Company the proceeds from
the sale of the Bonds in return for loan payments from the
Company sufficient to pay the principal of and interest and
premium, if any, on such Bonds as the same shall fall due.
Such Bonds, if issued, and the interest thereon will be
payable solely out of the revenues derived from the said Loan
Agreement and shall never constitute an indebtedness of said
City within the meaning of any state constitutional provision
or statutory limitation, and shall not constitute nor give
rise•to a pecuniary liability of said City'or a charge against
its general credit or taxing powers.
All local residents who appear at said hearing shall be given
an opportunity to express their views for or against the
proposal to issue said Bonds, and at said hearing, or any
adjournment thereof, the City Council of said City shall adopt
a resolution determining whether or not to proceed with the
issuance of said Bonds.
By order of the City Council.
iAbd ei Stolfus, ity Clerk
MICROFILMED BY >,
JORM MICR+LAB
CEDAR RAPIDS • DES MOINES
M
NOTICE OF PUBLIC HEARING
Public Notice is hereby given that a public hearing
will be held by the City Council on February 26, 1980,
at 7:30 P.M. in the Council Chambers of City Hall on
a proposed Resolution Declaring that public con-
venience and necessity require the proposed taxicab
service applied for by A Better Cab Company within
the City of Iowa City, Iowa.
At said time and place, last above mentioned, any
interested persons may appear and file objections
thereto. Dated this 25th day of January, 1980.
ABBIE STOLFUS, CITY CLERK
MICROFILMED BY
JORM MICR+LAB
CEDAR RAPIDS • DES MOINES
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