ADVERTISEMENT

NOTICE OF PUBLIC HEARING ON THE ADOPTION OF AN ORDINANCE NOTICE IS HEREBY GIVEN by the City Council of the City of Willmar, Minnesota, that the City Council will conduct a public hearing on and consider adoption of the Ordinance described below, at 6:02 o'clock p.

NOTICE OF PUBLIC HEARING
ON THE ADOPTION OF AN ORDINANCE
NOTICE IS HEREBY GIVEN by the City Council of the City of Willmar, Minnesota, that the City Council will conduct a public hearing on and consider adoption of the Ordinance described below, at 6:02 o'clock p.m. on the 16th day of August, 2021 at the Kandiyohi County Health and Human Services Building Board Room, 2200 23rd St NE #1020, Willmar, MN 56201, said proposed Ordinance is as follows:
AN ORDINANCE AUTHORIZING THE ISSUANCE OF UP TO $16,000,000 GENERAL OBLIGATION SALES TAX REVENUE BONDS, SERIES 2021C.
The City of Willmar hereby ordains:
1.The City of Willmar has heretofore determined to construct and finance the following capital projects in the City in the approximate amounts set forth below (collectively, the "Projects"):
$10,000,000 for new event/recreation center facilities; and
$6,000,000 for new athletic fields.
2.This Ordinance is adopted in order to authorize the borrowing of money and the issuance of General Obligation Sales Tax Revenue Bonds Series 2021C and the levying of taxes therefor, to finance a portion of the costs of the Projects in an approximate aggregate principal amount not to exceed $16,000,000, as provided in Section 2.12 of the City Charter. Further details shall be set forth by resolution.
By Order of the City Council
/s/ Judy Thompson
City Clerk
(Aug. 7, 2021)2899426