BLUFFTON ECONOMIC
DEVELOPMENT COMMISSION NOTICE OF PUBLIC HEARING
The Bluffton (“City”) Economic Development Commission (“Commission”) will hold a public hearing at 5:30 p.m. on February 18, 2025, in the Common Council of the City of Bluffton Chambers at City Hall, 128 East Market Street, Bluffton, Indiana, regarding a proposed financing of economic development facilities including but not limited to the construction or extension of infrastructure improvements, construction of roads, public safety equipment, and parking and lighting, together with all necessary appurtenances, related improvements and equipment and costs of issuance (collectively, “Project”), in or physically connected to the Hale Street Economic Development Area; (ii) the issuance of one or more series of its Economic Development Revenue Bonds of 2025 (“Bonds”) in the aggregate principal amount not to exceed One Million Five Hundred Thousand Dollars ($1,500,000) to finance the Project; and (iii) to consider whether this financing will have an adverse competitive effect on any similar facilities already constructed or operating in the City.
The Bonds will be issued by the City pursuant to IC 36-7-11.9, 36-7-12, 36-7-14 and 36-7-25, and an ordinance to be adopted by the Common Council (“Ordinance”). The Bonds will not be a general obligation of the City and will not be payable in any manner by taxation, but are proposed to be payable from TIF Revenues generated in the Allocation Area (each as defined in the Trust Indenture related to the Bonds) and as otherwise provided in the Trust Indenture and the Ordinance.
Proceeds of the economic development financing will be used for the construction of the Project to be located in the Hale Street Economic Development Area.
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 February 17, 2025, by delivering such comments to the office of the Clerk-Treasurer at City Hall, 128 East Market Street, Bluffton, Indiana or to tami@blufftonindiana.gov.
Dated: February 6, 2025.
BLUFFTON ECONOMIC
DEVELOPMENT
COMMISSION
oj, nb 2/6
hspaxlp