Monday, July 1, 2019
NOTICE OF HEARING
Issuance of Bonds for industrial Building and Pollution Control
Facilities for Cities and Counties
KRS 103.200 — 103.285
City of Newport, Kentucky
Industrial Revenue Bonds
(World Peace Hospitality Project)
Notice is hereby given that, pursuant to a Notice of Intent for Issuance of Bonds under KRS 103.200 — 103.285 (Industrial Building and Pollution Control Facilities for Cities and Counties), the City of Newport, Kentucky has requested the State Local Debt Officer to approve the financial plan whereby the City of Newport, Kentucky proposes to issue Bonds in an amount not to exceed $45,000,000.00. The proceeds will provide funding for a new mixed-used project in downtown Newport that includes a hotel and office building and related uses, along with structured parking.. A hearing will be held in the Conference Room, Department for Local Government, 100 Airport Road, Frankfort, Kentucky on Monday, July 29, 2019 at 10:00 AM, (Prevailing Eastern Time) to consider whether or not the financial plan for the issuance of the Bonds should be approved.
Petitioner, The City of Newport, Kentucky is responsible for the publication of this notice and for the information contained herein. Specific questions about the type of project should be directed to the petitioners. The purpose of this notice is to comply with KRS 103.2101 and KRS 424.130 by notifying the public that the petitioner intends to issue the Bonds
At this hearing, any taxpayer may appear and will be given an opportunity to be heard.
Sandra K. Dunahoo
Commissioner and State Local Debt Officer
Commonwealth of Kentucky