NOTICE OF PUBLIC HEARING
ISSUANCE OF INDUSTRIAL REVENUE BONDS
Public notice is hereby given that the City Council of the City of Edgerton, Kansas (the “City”), will conduct a public hearing on Thursday, June 13, 2013, at 7:00 p.m., or as soon thereafter as may be heard, at the Edgerton Community Building, 404 E. Nelson Street, Edgerton, Kansas, in regard to the proposed issuance by the City of its Industrial Revenue Bonds (ELHC II, LLC Project), in the approximate maximum principal amount of $20,000,000 (the “Bonds”) and in regard to an exemption from ad valorem taxation for property constructed or purchased with the proceeds of the Bonds.
The Bonds are proposed to be issued under authority of K.S.A. 12‑1740 et seq., as amended, to provide funds for acquiring, constructing and equipping a commercial project, consisting of an approximately 323,000 sq. ft. warehouse and distribution facility (the “Project”). The Project will be located on approximately 17 acres of land at the northwest corner of 191st Street and Waverley Road in Edgerton, Kansas. The Project is located within The Logistics Park-KC, which is adjacent to the BNSF intermodal facility. A diagram of the BNSF intermodal facility and The Logistics Park-KC is available for public viewing at the Edgerton Community Building or on the City’s website at www.edgertonks.org/BNSF. The City will own the Project and will lease the Project to ELHC II, LLC, or its assigns (the “Applicant”). The Applicant has requested a 10-year, 75% property tax abatement for the Project.
The City Council will not consider passage of a resolution evidencing its intent to issue the Bonds until the public hearing has been concluded. A copy of the proposed resolution of intent of the City indicating the intent of the governing body of the City to issue the Bonds and a report analyzing the costs and benefits of such property tax exemption are on file in the office of the City Clerk and available for public inspection during normal business hours. All persons having an interest in this matter will be given an opportunity to be heard at the time and place above specified.
Dated this 5th day of June, 2013.
404 E. Nelson Street
Edgerton, Kansas 66021