HomeMy WebLinkAbout2007-004 Signed Notice of Public Hearing •
CITY 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 24th day of July, 2007, at
7:30 o'clock P.M., 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 26m¢ay of June, 2007.
CITY OF CHUBBUCK
B ck C ty,Idaho
By: Ron Conlin
City Clerk