www.charlescountymd.gov

Charles County, Maryland

6 PM: Bond Issuance Public Hearing

Public Notices

6 PM: Bond Issuance Public Hearing

Public Hearing Date: 
Tuesday, October 17, 2017 - 6:00pm
Type of Notice: 
Public Notice
Date Posted: 
Thursday, October 5, 2017 - 3:13pm

REVISED NOTICE OF PUBLIC HEARING TO BE HELD ON OCTOBER 17, 2017  

CONCERNING THE PROPOSED ISSUANCE OF BONDS OF COUNTY COMMISSIONERS OF CHARLES COUNTY 

Notice is hereby given pursuant to Section 8-1 of the Code of Public Local Laws of Charles County that the Board of County Commissioners of Charles County, Maryland, will conduct a public hearing in the County Commissioners’ Meeting Room, Charles County Government Building, La Plata, Maryland, at 6:00 p.m. local time on Tuesday, October 17, 2017, concerning the proposed issuance of general obligation bonds of the County (i) in a principal amount not to exceed $56,000,000 for the purpose of financing and refinancing certain buildings, facilities and grounds in the County and (ii) in a principal amount not to exceed $59,000,000 for the purpose of refunding certain outstanding general obligation bonds of the County.  Significant projects include: (a) additions and renovations to Board of Education facilities ($23,500,000); (b) renovations and additions to College of Southern Maryland facilities ($100,000); (c) acquisition of interests in land for agricultural preservation and rural legacy programs ($904,000); (d) improvements to various general government facilities ($3,589,000); (e) acquisition of transferrable development rights ($733,000); (f) various road and sidewalk upgrades and drainage system improvements ($9,600,000); (g) various park projects ($500,000); (h) various stormwater projects ($4,800,000); and (i) various water and sewer projects ($12,274,000).   

A portion of the bonds in the amount of $19,926,000 issued to finance additions to certain Board of Education facilities will be issued as New School Capacity Construction Bonds pursuant to Sections 19-615 and 19-616 of the Local Government Article of the Annotated Code of Maryland and Chapter 249 of the Code of Charles County.  These bonds are payable first from fair share school construction excise taxes and second from general county taxes.  
Information regarding this proposed issuance is available during business hours from David Eicholtz, Director of Fiscal and Administrative Services, Charles County Government Building, La Plata, Maryland. 

Those citizens with special needs please contact Kim Bender, voice phone number (301) 6450643 or Maryland Relay Service TDD 1-800-735-2258. 

All interested persons will be permitted to appear at the hearing and testify concerning the proposed bond issue. 

COUNTY COMMISSIONERS  OF CHARLES COUNTY, MARYLAND 
Peter F. Murphy, President 

Charles County Government is an Equal Opportunity Employer.