HomeMy Public PortalAboutAB 04-21 attch - Pub Hearing Notice
NOTICE OF HEARING TO CONSIDER A
RESOLUTION AUTHORIZING THE
FILING OF A PETITION FOR JUDICIAL
CONFIRMATION UNDER THE IDAHO
JUDICIAL CONFIRMATION LAW
NOTICE IS HEREBY GIVEN that on
Thursday, the 11th day of March, 2004, at 7:00 o'clock P.M., at the City Council meeting room at the McCall City Hall, 216 E. Park, McCall, Idaho, the City Council of the City of McCall
(the "City"), will conduct a public hearing to consider the adoption of a resolution authorizing the filing of a petition for judicial confirmation under the Idaho Judicial Confirmation
Law, Title 7, Chapter 13, Idaho Code.
The proposed petition would seek judicial confirmation of the power of the City (1) to incur an indebtedness as an "ordinary and necessary expense"
of the City authorized by the general laws of the state within the meaning of Article 8, Section 3, of the Idaho Constitution, in an amount not to exceed $1,800,000 for the purpose of
financing the cost of necessary improvements to its domestic water supply and distribution system facilities; (2) to enter into a loan agreement with the State of Idaho, Division of
Environmental Quality, to finance such indebtedness and to issue its promissory note or other evidence of indebtedness for the same; (3) to enter into an agreement with any other institution
or entity for the purpose of financing all or a portion of such indebtedness and to issue evidence of indebtedness for the same; and (4) to pledge the net revenues of its domestic water
system for the payment of such indebtedness, on parity with the City’s existing domestic water system indebtedness.
Information relating to the proposed petition and financing is available
at the office of the City Clerk, McCall City Hall, 216 E. Park, McCall, Idaho, during normal business hours of the City. Interested persons are encouraged to attend the public hearing
and to present comments. Comments may also be submitted in writing to the Mayor and Council, McCall City Hall, 216 E. Park, McCall, Idaho 83638.
DATED the 12th day of February, 2004.
CITY
OF McCALL
Valley County, Idaho
By: Robert Strope
City Clerk