Town Council Notice of Public Hearing on Proposed Issuance of General Obligation Bonds by the Town of Leesburg, Virginia
- Date: 05/28/2019 7:00 PM
- Location: Council Chamber
25 West Market Street
Leesburg, Virginia 20176
NOTICE OF PUBLIC HEARING
ON PROPOSED ISSUANCE OF GENERAL OBLIGATION BONDS
BY THE TOWN OF LEESBURG, VIRGINIA
MAY 28, 2019 AT 7:00 P.M.
NOTICE IS HEREBY GIVEN that the Town Council of the Town of Leesburg, Virginia (the "Town") will hold a public hearing in accordance with Section 15.2-2606 of the Code of Virginia of 1950, as amended, on the proposed issuance of one or more series of general obligation bonds in an estimated maximum principal amount of $60,000,000. The Town proposes to issue the bonds and use the bond proceeds to finance the costs of various capital improvement projects in the Town's Capital Improvements Program and other approved capital projects. The proposed uses of the bond proceeds for which the Town expects that more than ten percent of the total bond proceeds will be used include financing the costs of: (1) the Leesburg Police Department Headquarters, (2) purchase of a hangar at the Leesburg Airport, and (3) utilities system projects.
The public hearing, which may be continued or adjourned, will be held at 7:00 p.m. or as soon thereafter as the matter may be heard on Tuesday, May 28, 2019, before the Town Council in the Council Chambers, Town Hall, 25 West Market Street, in Leesburg, Virginia.
A resolution authorizing the issuance of the bonds will be considered by the Town Council at its meeting on Tuesday, May 28, 2019, following the public hearing on the issuance of the bonds. The resolution also authorizes the issuance of general obligation bonds of the Town to refund outstanding bonds or other obligations of the Town. A copy of the proposed resolution is available from the Town Clerk, located in Town Hall. Additional information regarding the bond financing is available in the Department of Finance, located on the first floor of the Leesburg Town Hall, 25 West Market Street, Leesburg, Virginia, during normal business hours (Monday-Friday, 8:30 a.m. to 5:00 p.m.).
At this hearing, all persons desiring to express their views concerning these matters will be heard. Persons requiring special accommodations should contact Eileen Boeing, the Clerk of Council, at 703-771-2733, no later than three days in advance of the meeting. For TTY/TDD service, use the Virginia Relay Center by dialing 711.