|CITY OF GOODING
NOTICE OF HEARING TO CONSIDER A
RESOLUTION AUTHORIZING THE
FILING OF A PETITION FOR JUDICIAL
CONFIRMATION UNDER THE IDAHO
JUDICIAL CONFIRMATION LAW
NOTICE IS HEREBY GIVEN that on Wednesday, the 26th day of September, 2012, at 7:00 o’clock P.M., or as soon thereafter as the matter may be heard, at the Gooding Municipal Building, 308 5th Avenue West, Gooding, Idaho, the City Council of the City of Gooding, Idaho (the “City”), will conduct a public hearing to consider the adoption of a resolution authorizing the filing of a petition for judicial confirmation under the Idaho Judicial Confirmation Law, Title 7, Chapter 13, Idaho Code.
The proposed petition would seek judicial confirmation of the power of the City (1) to incur an indebtedness as an “ordinary and necessary expense” of the City authorized by the general laws of the State, within the meaning of Article 8, Section 3, of the Idaho Constitution, in a principal amount not to exceed $9,454,000, for the purchase of improvements to the water system; (2) to issue revenue bonds or other evidence of indebtedness of the City for the same, for the purpose of financing the cost of necessary improvements to the public water system of the City; and (3) to pledge the City’s water system revenues for the payment of such indebtedness for a term of not more than thirty (30) years.
Information relating to the proposed petition is available at the office of the City Clerk, 308 5th Avenue West, Gooding, Idaho, during normal business hours of the City. Interested persons are encouraged to attend the public hearing and to present comments. Comments may also be submitted in writing to the Mayor and Council, City of Gooding, 308 5th Avenue West, Gooding, Idaho 83330.
DATED the 4th day of September, 2012.
CITY OF GOODING