www.charlescountymd.gov

Charles County, Maryland

6 PM Public Hearing: Bond Authorization for Financing the Costs of Certain Public Facilities

Public Notices

6 PM Public Hearing: Bond Authorization for Financing the Costs of Certain Public Facilities

Public Hearing Date: 
Tuesday, November 14, 2017 - 6:00pm
Department: 
Commissioners Office
Type of Notice: 
Public Notice
Date Posted: 
Thursday, November 2, 2017 - 9:01am

NOTICE OF PUBLIC HEARING

TO BE HELD ON NOVEMBER 14, 2017

CONCERNING BOND AUTHORIZATION FOR FINANCING THE COSTS OF CERTAIN PUBLIC FACILITIES

Notice is hereby given that the Board of County Commissioners of Charles County, Maryland will conduct a public hearing on Tuesday, November 14, 2017 at 6:00 p.m. in the County Commissioner’s Meeting Room, Charles County Government Building, La Plata, Maryland on Bill No. 2017-09, an act concerning Bond Authorization for Financing the Costs of Certain Public Facilities.

Bill 2017-09 would authorize and empower the County Commissioners of Charles County, from time to time, to borrow not more than One Hundred Ninety Million Dollars ($190,000,000) for the purpose of financing the costs of certain public facilities in Charles County and providing funds for a portion of the County’s Capital Improvement Program for FY2018-20, and to effect such borrowing by the issuance and sale of its general obligation bonds in one or more series; empower the Board of County Commissioners of Charles County to adopt a resolution or resolutions in accordance with Section 19-504 of the Local Government Article of the Annotated Code of Maryland (2013 Replacement Volume) prior to issuing the bonds; empower and direct the County to levy ad valorem taxes in rate and amount sufficient to provide funds for the payment of the maturing principal of and interest on the bonds; exempt the bonds from the provisions of Sections 19-205 and 19-206 of the Local Government Article of the Annotated Code of Maryland (2013 Replacement Volume); authorize the County to issue and sell bond anticipation notes in one or more series pursuant to the authority of Section 19-211 through 19-221, inclusive, of the Local Government Article of the Annotated Code of Maryland (2013 Replacement Volume) prior to and in anticipation of the sale of the bonds; provide that the County may issue and sell all or any portion of the bonds as bonds the interest on which is not excludable from gross income for federal income tax purposes; and relates generally to the issuance and sale of such bonds.

The hearing is open to the public and testimony is encouraged.  Persons with questions regarding this hearing may call (301) 645-0570 for further information.

Those citizens with special needs please contact the Maryland Relay Service TDD 1-800-735-2258.  Charles County Government is an Equal Opportunity Employer.

COUNTY COMMISSIONERS OF CHARLES COUNTY, MARYLAND

Peter F. Murphy, President