NOTICE OF PUBLIC HEARING ON LOAN AGREEMENT
IN A PRINCIPAL AMOUNT NOT TO EXCEED $2,250,000
(GENERAL OBLIGATION ESSENTIAL COUNTY PURPOSE)
The Board of Supervisors of Johnson County, Iowa, will meet in Room 203 B/C, Johnson County Health and Human Services Building, 855 South Dubuque Street, Iowa City, Iowa, on June 13, 2024, at 5:30 p.m. for the purpose of instituting proceedings and taking action to enter into a loan agreement (the “Essential County Purpose Loan Agreement”) in a principal amount not to exceed $2,250,000 for the purpose of paying costs, to that extent, of the acquisition and restoration of a multifamily affordable housing apartment building, including but not limited to restoration of HVAC systems, water heaters and other structural and safety restoration (the “Project”).
The Essential County Purpose Loan Agreement is proposed to be entered into pursuant to authority contained in Sections 331.402, 331.441, 331.443 and Chapter 403A of the Code of Iowa, 2023, as amended, (the “Code”) and will constitute a general obligation of the County.
At that time and place, oral or written objections may be filed or made to the proposal to enter into the Essential County Purpose Loan Agreement. After receiving objections, the Board of Supervisors may determine to enter into the Essential County Purpose 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 Johnson County, Iowa.
Dated this 30th of May, 2024
/s/ Travis Weipert
Auditor Johnson County, Iowa
Published in The News, Thursday, June 6, 2024 L-51
