Notice is hereby given that on August 15, 2023, beginning at 6:00 p.m. or as soon thereafter as may be heard, the Town Council of the Town of Louisa, Virginia will hold a public hearing to receive public comment and to consider the adoption of a proposed Resolution authorizing the issuance by the Town of an aggregate not to exceed $1,402,000 general obligation loan/ line of credit note (the “Note”). The Town would use the proceeds of the Note, together with other funds lawfully available to the Town, to provide interim financing to (i) acquire, construct, rehabilitate, and equip various improvements to the Town’s water system and related facilities, including but not limited to replacement and repair of water lines; and (ii) pay costs of issuance in connection with the financing (the “Project”).
As set forth in a letter to the Town dated March 30, 2021 from the United States of America, acting through Rural Utilities Service, an Agency of the United States Department of Agriculture (“RUS”), RUS has advised that the Project is eligible for a not to exceed $1,402,000 permanent loan represented by a bond of the Town.
The public hearing, which may be continued or adjourned, will be held before the Town Council at the Louisa Town Hall, located at 212 Fredericksburg Avenue, Louisa, Virginia 23093. Any person interested in the Project or the Town’s issuance of the Note for interim financing for the Project may appear at the hearing, and may present comments. The Town Council may set time limits on speakers and other rules and procedures for the conduct of this public hearing. Written comments regarding the proposed Resolution may be delivered or mailed to the Town Council prior to the public hearing in care of the Town Manager at the address above or given to the Town Council during the hearing.
TOWN OF LOUISA, VIRGINIA – Elizabeth T. Nelson, Town Manager