NOTICE OF PUBLIC HEARING

 

Town of Waynesville, North Carolina -- Notice of Public Hearing

Fire Station and Tanker Truck Financing and Refinancing of Existing of Loans

             The Board of Alderman (the “Board”) of the Town of Waynesville North Carolina (the “Town”), will hold a public hearing on September 14, 2021, at 6:00 p.m. (or as soon thereafter as the matter may be heard). The purpose of the hearing is to take public comment concerning a proposed financing contract, under which the Town would borrow approximately $1,000,000 to pay for a new tanker truck and  the acquisition of property for a new fire station.

              Under the contract, the Town will also borrow up to $2,100,000 to refinance existing loan obligations. The refinancing will reduce borrowing costs and save the Town money.

            The proposed financing would be secured by a lien on Town’s public works facility (and its associated land), as well as the Town’s promise to repay the financing, but there would be no recourse against the Town or its property (other than the pledged public works facility and the associated land) if there were a default on the financing.

The hearing will be held at the Town Hall Board Room located at 9 South Main Street, Waynesville, North Carolina 28786.                                                                                                                     

All interested persons will be heard. The Town’s plans are subject to change based on the comments received at the public hearing and the Board’s subsequent discussion and consideration. The Town’s entering into the financing is subject to obtaining approval from the North Carolina Local Government Commission.

            Persons wishing to make written comments in advance of the hearing or wishing more information concerning the subject of the hearing may contact Autumn Lyvers, Finance Officer, 16 South Main Street, Waynesville, North Carolina 28786 (telephone (828) 452-2491, alyvers@waynesvillenc.gov).