PROPOSAL TO ENTER INTO A LOAN AGREEMENT

NOTICE OF PUBLIC HEARING ON PROPOSAL TO ENTER INTO A LOAN AGREEMENT AND TO BORROW MONEY THEREUNDER IN A PRINCIPAL AMOUNT NOT TO EXCEED $2,100,000.

 

(General Obligation)

The Board of Supervisors of Wright County, Iowa, will meet on April 23, 2018, at the Courthouse Board room, Clarion, Iowa, at 9:30 o’clock a.m., for the purpose holding a public hearing on a proposal to enter into a loan agreement (the “Loan Agreement”) and to borrow money thereunder in a principal amount not to exceed $2,100,000 for the purpose of paying the costs, to that extent, of acquiring and installing emergency communications system and equipment, including the refunding of a lease financing obligation previously entered into by the County for this purpose.

               The Loan Agreement is proposed to be entered into pursuant to authority contained in Section 331.402 of the Code of Iowa.  The Loan Agreement will constitute a general obligation of the County.

 

At that time and place, oral or written objections may be filed or made to the proposal to enter into the Loan Agreement.  After receiving objections, the County may determine to enter into the Loan Agreement, in which case, the decision will be final unless appealed to the District Court within fifteen (15) days thereafter.

By order of the Board of Supervisors of Wright County, Iowa.

Betty Ellis
County Auditor