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Public Hearing: Intent to Issue Bonds

Tuesday, March 11, 2014 - 6:00pm

Public Hearing

Publish March 7, 12, 2014

EXHIBIT A

CITY OF

ALEXANDRIA, MINNESOTA

NOTICE OF PUBLIC HEARING

ON INTENTION TO ISSUE

GENERAL OBLIGTATION STREET

RECONSTRUCTION BONDS AND

PROPOSAL TO ADOPT A STREET

RECONSTRUCTION PLAN

NOTICE IS HEREBY GIVEN, that the City Council of the City of Alexandria, Minnesota will hold a public hearing during their regularly scheduled meeting on March 24, 2014. The public hearing will be held at 7:30PM at the City Hall, 704 Broadway, Alexandria, Minnesota, for the purpose of conducting a public hearing on (a) the intention to issue general obligation street reconstruction plan bonds in an amount not to exceed $740,200 and (b) the proposal to adopt a street reconstruction plan therefore. The proceeds of the bonds will be used to finance various street reconstructions within the City pursuant to Minnesota Statutes, Section 475.58, Subdivision 3b.

All persons interested may appear and be heard at the time and place set forth above.

If a petition requesting a vote on the issuance of the bonds is signed by voters equal to 5 percent of the votes cast in the City in the last general election and is filed with the City within 30 days after the public hearing, the bonds may only be issued upon obtaining the approval of the majority of the voters voting on the question of issuing the bonds.

Individuals unable to attend the public hearing can make written comment by writing to Martin Schultz, City Administrator, 704 Broadway, Alexandria, Minnesota 56308. Written comments must be received prior to the public hearing.

BY ORDER OF

THE CITY COUNCIL

/s/ Martin D. Schultz

City Administrator

1876678


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