At issue: a15-year limited tax general obligation bond (totaling $815,000) for the purpose of converting existing interfund loans to long term debt.
The San Juan County Council will postpone a public hearing on a proposed Ordinance for San Juan County Limited Tax General Obligation Bond, 2012 . The public hearing was scheduled for April 24, 2012 at 10:15.
The hearing will be opened and postponed to 10:15 on Tuesday, May 8, 2012 to be held in the Council Hearing Room at 55 Second Street, Friday Harbor, Washington. The hearing may be continued from time to time and place to place as may be desired by the Council without additional written notice.
At the hearing, members of the public will be invited to speak and/or provide written statements regarding the proposed Ordinance. After the public testimony portion of the hearing has ended, the Council will deliberate and consider modifications to the Ordinance that are proposed by members of the public, county employees or the Council. The proposed Ordinance may then be adopted with or without modifications.
A summary of the ordinance follows although all persons are encouraged to read the ordinance: https://www.sanjuanco.com/Council/PendingOrdinances.aspx.
The proposed ordinance will authorize a sale of 15-year limited tax general obligation bonds for the purpose of converting existing interfund loans to long term debt. The ordinance identifies that this type of bond is a primary obligation of the county to pay through its existing tax levy. A total of $815,000 will be financed and payments will be made to the lender beginning in December 2012 and ending in December 2027.
The ordinance gives instructions as to the form, execution, registration, authentication, and how the proceeds are to be used.
All persons wishing to be heard on this matter are encouraged to attend. Written comments may be submitted in advance of the hearing by mail or at the hearing by delivery in person. Please deliver 8 copies of all written comments to the Clerk of the San Juan County Council at 55 Second Street, Friday Harbor or mail to 355 Court Street#1, Friday Harbor, WA 98250. The Ordinance is filed at the Office of the County Council, 55 Second Street, Friday Harbor, WA and may be inspected and copies obtained at the Council offices during each business day between the hours of 8:30 a.m. and 4:30 p.m.
The Ordinance may also be viewed 24 hours a day at the County website at https://www.sanjuanco.com/Council/PendingOrdinances.aspx. A copy of the Ordinance will be mailed without charge upon request. For more information please contact the Clerk of the County Council at 360-370-7470 and/or Pete Rose at 360-370-7401.
