NOTICE OF PROPOSED ACTION TO INSTITUTE PROCEEDINGS TO
ENTER INTO A LOAN AND DISBURSEMENT AGREEMENT AND BORROW
MONEY IN A PRINCIPAL AMOUNT NOT TO EXCEED $4,100,000
The Board of Supervisors of Wright County, Iowa, (the “County”) will meet on October 23, 2017 at the Supervisor Board Room, Clarion, Iowa, at 10:00 o’clock a.m., for the purpose of instituting proceedings and taking action to enter into a loan and disbursement agreement (the “Agreement”) and to borrow money thereunder in a principal amount not to exceed $4,100,000 for the purpose of paying the cost, to that extent, of planning, designing and constructing improvements and extensions to works and facilities useful for the collection, treatment, and disposal of sewage and industrial waste in a sanitary manner in the County.
The Agreement will constitute a general obligation of the County and is proposed to be entered into pursuant to authority contained in Section 331.402 of the Code of Iowa.
At the aforementioned time and place, oral or written objections may be filed or made to the proposal to enter into the Agreement. After receiving objections, the Board may determine to enter into the Agreement, in which case, the decision will be final unless appealed to the District Court within fifteen (15) days thereafter.
By order of the Board of Supervisors of Wright County, Iowa.