Public Hearings

NOTICE OF MEETING OF THE BOARD OF TRUSTEES OF THE ALGONA MUNICIPAL UTILITIES, STATE OF IOWA, ON THE MATTER OF THE PROPOSED AUTHORIZATION OF A LOAN AND DISBURSEMENT AGREEMENT AND THE ISSUANCE OF NOT TO EXCEED $859,000 WATER REVENUE CAPITAL LOAN NOTES, AND THE HEARING ON THE ISSUANCE THEREOF

PUBLIC NOTICE is hereby given that the Board of Trustees of Algona Municipal Utilities, State of Iowa, will hold a public hearing on the 29th day of November, 2023, at 11:00 A.M., in the Algona Municipal Utilities office, 104 W. Call Street, Algona, Iowa, at which meeting the Board proposes to take additional action for the authorization of a Loan and Disbursement Agreement by and between the City and the Iowa Finance Authority and the issuance to the Iowa Finance Authority of Not to exceed $859,000 Water Revenue Capital Loan Notes, to evidence the obligations of the City under the said Loan and Disbursement Agreement, in order to provide funds to pay the costs of acquisition, construction, reconstruction, extending, remodeling, improving, repairing and equipping all or part of the Municipal Water Utility, including those costs associated with construction of the Highway 18/ 220th Street and 100^th Avenue Watermain project, and related site improvements.  The Notes will not constitute general obligations or be payable in any manner by taxation, but will be payable from and secured by the Net Revenues of the Municipal Water Utility.

At the above meeting the Board shall receive oral or written objections from any resident or property owner of the City to the above action.  After all objections have been received and considered, the Board will at the meeting or at any adjournment thereof, take additional action for the authorization of a Loan and Disbursement Agreement and the issuance of the Notes to evidence the obligation of the City thereunder or will abandon the proposal to issue said Notes.

This notice is given by order of the Board of Trustees of Algona Municipal Utilities, State of Iowa, as provided by Sections 384.24A and 384.83 of the Code of Iowa.

Dated this 9^th day of November, 2023.

NOTICE OF PUBLIC HEARING ON PROPOSED Rates for the Sale of WATER BY THE BOARD OF TRUSTEES OF THE ALGONA MUNICIPAL UTILITIES AND REPEALING RESOLUTIONS IN CONFLICT.

Notice is hereby given by the given that the Board of Trustees of Algona Municipal Utilities, State of Iowa, Algona, Iowa, that the Board of Trustees will meet on November 29, 2023 at 11:00 A.M.at the Utility Offices at 104 West Call Street, Algona, IA 50511.  At said time and place the Board of Trustees will conduct a public hearing and consider adoption of Resolution Number 2023-14: Resolution Establishing Rates for the Sale of Water by the Board of Trustees of the Algona Municipal Utilities and Repealing Resolutions in Conflict, which is on file at the Utility Offices.  Comments may be presented orally by attending the meeting or written comments shall be received by the General Manager by November 29, 2023 at 11:00 AM at the Algona Municipal Utilities Office, 104 West Call Street, Algona, Iowa 50511.

 

Dated this 9^th day of November, 2023.                     

/s/ Robert Harrington