Resolution #20210208 Water Bonds

The following resolution was offered by Terry and seconded Cotton

RESOLUTION 20210208

A resolution finding and determining that a public hearing has been held and that no petition has been filed objecting to the proposed issuance by the Village of Harrisonburg, State Louisiana, of its Water Revenue Bonds in an amount not to exceed Two Hundred Thousand Dollars ($200,000); authorizing the officials of said Village to proceed with the preparation of the documents required for the issuance of such Bonds; and providing for other matters in connection therewith.

WHEREAS, on January 11, 2021, the Mayor and Board of Aldermen of the Village of Harrisonburg, State of Louisiana (the “Governing Authority”), adopted a resolution declaring its intention to issue not to exceed Two Hundred Thousand Dollars ($200,000) of Water Revenue Bonds (the “Bonds”) of the Village of Harrisonburg, State of Louisiana (the “Village”), to pay a portion of the costs of constructing and acquiring improvements, extensions, renovations and replacements to the waterworks system of the Village, including equipment, fixtures and accessories, both personal and real, a work of public improvement for the Issuer (the “Project”), and providing for other matters in connection therewith, in compliance with the provisions of R.S. 39:524 and the other applicable provisions of Part II of Chapter 4 of Subtitle II of Title 39 of the Louisiana Revised Statutes of 1950, as amended (the “Act”), and other constitutional and statutory authority, and authorized the publication of a Notice of Intention in connection therewith; and

WHEREAS, pursuant to the provisions as set out above, said Notice of Intention was published once a week for four consecutive weeks in the “Catahoula News Booster“, a newspaper of general circulation in the Village, namely on January 13, January 20, January 27 and February 3, 2021; and

WHEREAS, said Notice of Intention, as published, included a general description of the Bonds and the security therefor and set forth a place, date and time when a public hearing would be held by the Village in open and public session to hear any objections or receive any petitions to the proposed issuance of the Bonds without the holding of an election thereon; and

WHEREAS, at said place and on said date and at said time a public hearing was duly held, and no one presented or had filed any petition or written objections pertaining to the issuance of the proposed Bonds; and

WHEREAS, it is now the wish of the Village to authorize such further action as may be required to proceed with the issuance of the Bonds;

NOW, THEREFORE, BE IT RESOLVED by the Mayor and Board of Aldermen of the Village of Harrisonburg, State of Louisiana (the “Governing Authority”), acting as the governing authority of the Village, that:

SECTION 1.   All of the findings of fact made and set forth in the preamble to this resolution are hereby declared to be true and correct, and it is hereby further found and determined that the Village, acting through this Governing Authority, is hereby authorized to proceed with the issuance of the Bonds, as described in the preamble hereto, the proceeds of which will be used to pay a portion of the costs of the Project, the Bonds to mature over a period not exceeding ten (10) years from their date of issuance, and to bear interest at a rate or rates not exceeding five percent (5%) per annum, pursuant to the authority of the Act, and other constitutional and statutory authority, without the necessity of the holding of an election on the question of the issuance of such Bonds.

SECTION 2.   The appropriate officers of the Village shall proceed with the preparation of the necessary documents and the taking of the necessary steps to issue the Bonds, all subject to such further approvals of this Governing Authority as may be appropriate or required.

The foregoing resolution having been submitted to a vote, the vote thereon was as follows:

Member Yea Nay Absent Abstaining
Greg Terry 1      
Judy Cotten 1      
Arthurine Watson 1      

This resolution was declared adopted on this, the 8th day of February, 2021.

       /s/ Patricia Hefner                                                       /s/ Michael Tubre
    Clerk                                                                                        Mayor