PUBLIC NOTICE--ECONOMIC DEVELOPMENT COMMISSION
DELPHI ECONOMIC DEVELOPMENT COMMISSION NOTICE OF PUBLIC HEARING
The Delphi ("City") Economic Development Commission ("Commission") will hold a public hearing at 5:30 p.m., local time, on July 3, 2023, in the Delphi Community Center, 311 N. Washington Street, Delphi, Indiana, regarding: (i) a proposed financing of the cost of all or a portion of the construction of economic development facilities, including construction of multi-family housing and the construction of infrastructure improvements including, but not limited to, water, sewer, electric and road infrastructure and stormwater improvements, together with all necessary appurtenances, equipment and related improvements (collectively, "Project"), in or physically connected to the Delphi Economic Development Area ("Area"); (ii) the issuance of its [Taxable] Economic Development Revenue Bonds, Series 2023 ("Bonds") in the aggregate, collective, principal amount not to exceed One Million Five Hundred Thousand Dollars $1,500,000 to finance the Project; and (iii) to consider whether this financing will have an adverse competitive effect on any similar facilities already constructed or operating in the City.
The Bonds will be issued by the City pursuant to IC 36-7-11.9, 36-7-12, 36-7-14 and 36-7-25, and an ordinance to be adopted by the Common Council ("Ordinance"). The Bonds will not be payable in any manner by taxation but are proposed to be payable from TIF Revenues (as defined in the Trust Indenture) and as otherwise provided in the Financing and Covenant Agreement, the Trust Indenture and the Ordinance related to the Bonds.
Proceeds of the economic development financing will be used for the costs of a portion of the Project to be located on the following parcels in the City of Delphi, Indiana: 08-06-29-021-082.000-007, No. 08-06-29-021-085.000-007, No. 08-06-29-021-081.000-007 and No. 08-06-29-021-086.000-007.
The public hearing is being held pursuant to IC 36-7-12-24. The public is invited to attend and comment on any of the matters herein noted. Written comments may also be submitted to the Secretary of the Commission until the end of business on July 3, 2023, by delivering such comments to the office of the Department of Redevelopment, Delphi, Indiana.
Dated: June 21, 2023.
DELPHI ECONOMIC DEVELOPMENT COMMISSION
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