NOTICE OF PROPOSED ACTION TO HOLD A HEARING ON A LOAN AGREEMENT IN A PRINCIPAL AMOUNT NOT TO EXCEED $4,000,000

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NOTICE OF PROPOSED ACTION TO HOLD A HEARING ON A LOAN AGREEMENT IN A PRINCIPAL AMOUNT NOT TO EXCEED $4,000,000

(GENERAL OBLIGATION REFUNDING)

The City Council of the City of Jefferson, Iowa, will meet on January 26, 2021, at the City Hall, Jefferson, Iowa, at 5:30 p.m., for the purpose of holding a hearing on a loan agreement (the “General Obligation Refunding Loan Agreement”) in a principal amount not to exceed $4,000,000 for the purpose of refunding the outstanding balances of the City’s General Obligation Urban Renewal Corporate Purpose Bonds, Series 2012; General Obligation Urban Renewal Corporate Purpose Bonds, Series 2015A and General Obligation Reimbursement Bonds, Series 2015B.

The General Obligation Refunding Loan Agreement is proposed to be entered into pursuant to authority contained in Section 384.24A of the Code of Iowa and will constitute a general obligation of the City.

At that time and place, oral or written objections may be filed or made to the proposal to enter into the General Obligation Refunding Loan Agreement.  After receiving objections, the City may determine to enter into the General Obligation Refunding Loan Agreement, in which case, the decision will be final unless appealed to the District Court within fifteen (15) days thereafter.

By order of the City Council of the City of Jefferson, Iowa.

Roxanne Gorsuch

City Clerk