Government : County to hold hearing on $8,000,000 loan at Tuesday's Meeting

NOTICE OF PROPOSED ACTION TO INSTITUTE PROCEEDINGS FOR THE ENTERING INTO A LOAN AGREEMENT AND TO BORROW MONEY THEREUNDER IN A PRINCIPAL AMOUNT NOT TO EXCEED $8,250,000

The Board of Supervisors of Benton County, Iowa, will meet on the 19th day of October, 2021 at 9:30 a.m., at The Benton County Service Center in Vinton, Iowa for the purpose of instituting proceedings and taking action to enter into a loan agreement and borrowing money in an amount not to exceed $8,250,000 for the purpose of paying the cost, to that extent, of improving and equipping emergency communications systems.

The Loan Agreement is proposed to be entered into, and bonds will be issued thereunder, pursuant to authority contained in Section 331.402 and Section 331.441(2)(b)(17) of the Code of Iowa. The Loan Agreement and the bonds will constitute general obligations 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 Board 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 Benton County, Iowa.

Hayley Rippel County Auditor