LEWISBURG (WVDN) -The city of Lewisburg Building Commission will hold a special meeting on Tuesday, April 12, at 5:30 p.m., at the city of Lewisburg City Hall, 942 Washington Street West.
On the agenda: public hearing and third reading upon a proposed ordinance of the building commission titled: “An ordinance approving and authorizing the design, acquisition, construction and equipping of a public works building to be constructed on real property owned by the city of Lewisburg; the issuance by the city of Lewisburg building commission of its lease revenue bonds, in one or more series, in the aggregate principal amount of not more than $5,000,000, the proceeds of which shall be expended to finance a portion of the costs of such project and paying costs in connection with the issuance of such bonds and related costs; authorizing the execution and delivery of a deed of trust, an agreement and lease, a lease assignment and other instruments and documents and approving other matters relating to the terms and security of such bonds; defining and prescribing the terms and provisions of the bonds; providing generally for the rights and remedies and security of the holders of the bonds; providing for certain other matters in connection therewith; and providing when this ordinance shall take effect.”
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