HomeMy WebLinkAbout07 09 2007 Judicial ConfirmationCITY OF.CHUBBUCK
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 Tuesday, the 2411 day of July, 2007, at 7:30 o'clock
RM., or as soon thereafter as the matter may be heard, at the City Council meeting room at the
Chubbuck City Hall, 5160 Yellowstone, Chubbuck, Idaho, the City Council of the City of Chubbuck,
Idaho (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 a principal amount
not to exceed $1,400,000, for public sewer system improvements; (2) to enter into a loan agreement
and to issue the promissory note or other evidence of indebtedness of the City for the same, for the.
purpose of financing the cost of necessary improvements to the public sewer system of the City; and
(3) to pledge the City's sewer system revenues for the payment of such indebtedness for a term of not
more than twenty (20) years
Information relating to the proposed petition and financing is available at the office of the City
Clerk, Chubbuck City Hall, 5160 Yellowstone, Chubbuck, 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, City of Chubbuck, 5160
Yellowstone, Chubbuck, Idaho, 83202.
DATED the 261 day of June, 2007. CITY OF CHUBBUCK
Bannock County, Idaho
By: Ron Conlin
City Clerk