Agenda - Council - 02/14/2012 - Laserfiche WebLink

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EXHIBIT A CITY OF RAMSEY NOTICE OF PUBLIC HEARING ON INTENTION TO ISSUE GENERAL OBLIGATION CAPITAL IMPROVEMENT PLAN REFUNDING BONDS AND THE PROPOSAL TO ADOPT A CAPITAL IMPROVEMENT PLAN THEREFOR NOTICE IS HEREBY GIVEN, that the City Council of the City of Ramsey, Minnesota, will meet on March 13, 2012, at 7:00 p.m. at the Ramsey Municipal Center, 7550 Sunwood Drive NW, in Ramsey, Minnesota, for the purpose of conducting a public hearing on (a) the intention to issue general obligation capital improvement plan refunding bonds in an amount not to exceed $17,900,000 and (b) the proposal to adopt a capital improvement plan therefor. The proceeds of the bonds will be used to finance the acquisition of the existing city hall and public safety facility (the "Municipal Center") from the Economic Development Authority of the City of Ramsey, Minnesota (the "EDA"), the lessor of the Municipal Center under the outstanding lease agreement and refund the EDA's outstanding principal amount of its Public Project Lease Revenue Bonds, Series 2005A (City of Ramsey, Minnesota Lease Obligation), dated June 1, 2005 in anticipation of reducing debt service costs to the City. All persons interested may appear and be heard at the time and place set forth above. If a petition requesting a vote on the issuance of the bonds is signed by voters equal to five percent of the votes cast in the City in the last general election and is filed with the City within thirty days after the public hearing, the bonds may only be issued upon obtaining the approval of the majority of the voters voting on the question of issuing the bonds. Individuals unable to attend the public hearing can make written comment by writing to the City Administrator, Ramsey Municipal Center, 7550 Sunwood Drive NW, Ramsey, Minnesota 55303-5137. Written comments must be received prior to the date and time of the public hearing. BY ORDER OF THE CITY COUNCIL City Administrator A-1 4485232v1