Details for GIBSON COUNTY ECONOMIC DEVELOPMENT COMMISSION NOTICE OF PUBLIC HEARING
GIBSON COUNTY ECONOMIC
NOTICE OF PUBLIC HEARING
The Gibson County ("County") Economic Development Commission ("Commission") will hold a public hearing at 8:00 a.m. on June 12, 2018, at the North Annex, 225 North Hart Street, Princeton, Indiana, regarding: (i) a proposed financing of economic development facilities, including the construction of utility and infrastructure improvements for the proposed construction of a training and education facility and central support center, together with all necessary appurtenances, improvements and equipment (collectively, "Project") by Vuteq USA , Inc., in or physically connected to the Patoka/Union Townships Economic Development Area ("Area"); (ii) the issuance of its Economic Development Revenue Bonds, Series 2018 (Vuteq Project) ("Bonds") in the aggregate principal amount not to exceed Four Million Four Hundred Thousand Dollars ($4,400,000) to finance the Project and costs of issuance; and (iii) to consider whether this financing will have an adverse competitive effect on any similar facilities already constructed or operating in the County.
The Bonds will be issued by the County pursuant to IC 36-7-11.9, 36-7-12, 36-7-14 and 36-7-25, and an ordinance adopted by the County Council ("Ordinance"). The Bonds will not be a general obligation of the County and will not be payable in any manner by taxation, but are proposed to be payable solely from TIF Revenues (as defined in the Trust Indenture), collected in the Area and as otherwise provided in the Financing Agreement, the Trust Indenture for the Bonds and the Ordinance.
Proceeds of the economic development financing will be used for the construction of the Project to be located at the northeast corner of County Road 50 W and 550 South intersection, in Princeton, Gibson County, Indiana.
The public hearing is being held pursuant to IC 36-7-12-24. The public is invited to attend and comment on any of the matters herein noted. Written comments may also be submitted to the Secretary of the Commission until June 12, 2018, by delivering such comments to the office of the Auditor, 101 North Main Street, Princeton, Indiana.
Dated: May 29, 2018.
GIBSON COUNTY ECONOMIC DEVELOPMENT COMMISSION
PDC 06/01/2018 HSPAXLP