NOTICE OF PUBLIC HEARING FOR ISSUANCE OF INDUSTRIAL REVENUE BONDS
Public notice is hereby given that the City of Olathe, Kansas (the “Issuer”), will conduct a public hearing on August 16, 2022 at 7:00 p.m., or as soon thereafter as may be heard, at Olathe City Hall, 100 East Santa Fe, Olathe, Kansas, regarding the proposed issuance by the Issuer of its industrial revenue bonds in a principal amount of not to exceed $30,000,000 (the “Bonds”) and in regard to an exemption from ad valorem taxation for property constructed or purchased with the proceeds of such 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, purchasing, constructing, installing and equipping an approximately 50,000 square foot office and manufacturing facility approximately located at the northwest corner of 107th Street and S. Valley Road in the City of Olathe, Kansas. The Issuer intends to base lease the facility and further intends to lease the facility to Artio Medical, Inc., a Delaware corporation, or its successors and assigns. The applicant has requested a 10-year, approximately 55% property tax abatement for the property constructed or purchased with the proceeds of the Bonds. This abatement request complies with the Issuer’s tax abatement policy. A copy of this Notice, together with a copy of the resolution of intent of the Issuer to be considered for adoption, indicating the intent of the governing body of the Issuer to issue such series of Bonds, and a report analyzing the costs and benefits of such property tax exemption are on file in the office of the 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 August 3, 2022.
City Clerk of the City of Olathe
Kansas 100 East Santa Fe
Olathe, Kansas 66061