PUBLIC NOTICE - DC Economic Development Commission Meeting Feb 22

NOTICE OF PUBLIC HEARING OF THE

DEARBORN COUNTY ECONOMIC DEVELOPMENT COMMISSION 

Notice is hereby given that the Dearborn County Economic Development Commission will hold a public hearing at 5:00 p.m., local time, on Monday, February 22, 2016, in the Administration Building, Commissioner’s Room, 215B West High Street, Lawrenceburg, IN 47025, concerning the proposed issuance by Dearborn County, Indiana (the “County”) of its  Economic Development Revenue Bonds, in an aggregate principal amount not to exceed Three Million Eight Hundred Thousand Dollars ($3,800,000) (the “Bonds”).  The County will provide a portion of the proceeds of the Bonds in an amount not to exceed Eight Hundred Thousand Dollars ($800,000) to Odette, LLC (d/b/a Skally’s Old World Bakery), or an affiliated entity (“Odette, LLC”), to finance all or a portion of the costs of the acquisition, construction, renovation and equipping of land and/or facilities for use by Odette, LLC in its bagel manufacturing and related operations in the County, which will be located in the West Harrison Expanded Economic Development Area (the “Area”), created by the Dearborn County Redevelopment Commission in the County.  The County will also provide a portion of the proceeds of the Bonds in an amount not to exceed Three Million Dollars ($3,000,000) to West Harrison LLC, or an affiliated entity (“West Harrison, LLC”), to finance all or a portion of the costs of the acquisition, construction, renovation and equipping of various public infrastructure and real property improvements for use by West Harrison, LLC, in its commercial development and related operations in the County, which will also be located in the Area.

The Bonds will not be an indebtedness or general obligation of the County and will not be payable in any manner by the taxing power of the County.  The Bonds and the interest payable thereon will be payable solely from certain revenues and properties, including certain tax increment revenues derived from the Area, as described in the agreements of the County concerning the financing of the economic development facilities. 

At the time and place fixed for the public hearing, all taxpayers, residents or interested persons will be given an opportunity to express their views for or against the proposed financing in writing or in person.

Dated this 9th day of February, 2016.

DEARBORN COUNTY ECONOMIC DEVELOPMENT COMMISSION

TO BE PUBLISHED ONE TIME IN EACH OF THE  DEARBORN COUNTY REGISTER AND JOURNAL PRESS ON FEBRUARY 9 AND 11, 2016.]