NOTICE TO RESIDENTS OF WOOD COUNTY, WEST
VIRGINIA AND OTHER PERSONS INTERESTED IN THE
ISSUANCE OF LEASE REVENUE BONDS
The Wood County Building Commission (the âBuilding Commissionã) is considering the final enactment of a bond ordinance approving the issuance of Lease Revenue Bonds by the Building Commission in an aggregate principal amount not to exceed $500,000 (the âBondsã), pursuant to Chapter 8, Article 33, and certain provisions of Chapter 8, Article 16 of the Code of West Virginia, 1931, as amended, for the purpose of permanently financing all of a portion of the costs of the acquisition, construction and equipping of a new training facility to be located on a .544 acre lot on the eastern side of Hugh Street near Camden Avenue, and having an address of 403 Hugh Street, in Parkersburg, Wood County, West Virginia, and to consist of a building with a four story tower section, two story section and one story section containing approximately 1,700 square feet and related appurtenances, facilities and equipment (collectively, the âProjectã) for the Wood County Fire Fighters Association, Inc. (the âAssociationã), a West Virginia nonprofit corporation that is exempt from federal income tax under Section 501(a) of the Internal Revenue Code of 1986, as amended (the âCodeã), as an organization described in Section 501(c)(3) of the Code. The Project will also be used by the following members of the Association, each of which is a West Virginia nonprofit corporation that is exempt from federal income tax under Section 501(a) of Code, as an organization described in Section 501(c)(3) of the Code: The Blennerhassett Volunteer Fire Department, Inc.; The Deerwalk Volunteer Fire Department; East Wood Volunteer Fire Department, Inc.; The Lubeck Volunteer Fire Department, Inc.; Mineral Wells VFD, Inc.; Pond Creek Volunteer Fire Department, Inc.; Washington Bottom Volunteer Fire Dept., Inc.; Waverly Volunteer Fire Rescue & EMS Company, Inc.; Williamstown Vol. Fire Co.; and Vienna Volunteer Fire Co., as well as by the City of Parkersburg, Wood County Technical Center and Public Service Training, each of which is a governmental unit.
The Bonds shall not constitute a general obligation or indebtedness of Wood County, West Virginia (the âCountyã), The County Commission of Wood County (the âWood County Commissionã) or the State of West Virginia (the âStateã), or any other county, municipality or other political subdivision of the State, but shall be special limited obligations of the Building Commission, payable solely from the property, revenues and monies pledged therefor, and neither the Bonds nor the interest thereon, nor any charge in connection therewith, shall be a charge against the general credit or taxing powers of the County, the Wood County Commission, or the State or any other county, municipality or other political subdivision of the State, nor shall the same ever constitute an indebtedness of the County, the Wood County Commission or the State or any other county, municipality or other political subdivision of the State within the meaning of any constitutional provision or statutory limitations.
Pursuant to Section 147(f) of the Code a public hearing will be held by the Wood County Commission, being the applicable elected representative with respect to the proposed Bonds, in the County Commission Meeting Room, Wood County Courthouse, #1 Court Square, Parkersburg, West Virginia, on Thursday, September 28, 2007, at 10:30 a.m., and any interested individuals may appear at such time to express their views, both orally and in writing, and be heard on the question of whether such applicable elected representative should approve the proposed issue of Bonds and the nature and location of the proposed facility to be financed with the Bonds. Written comments may also be submitted prior to such hearing to The County Commission of Wood County, Attention: President, Wood County Courthouse, #1 Court Square, Parkersburg, West Virginia 26101.
Dated this 14th day of September, 2017.
David Blair Couch, President
The County Commission of Wood County
Sep 14, 21