NOTICE OF A PUBLIC HEARING ON THE CAPITAL IMPROVEMENT PLAN AND ON THE INTENT TO ISSUE CAPITAL IMPROVEMENT BONDS BY THE CITY OF HIBBING, MINNESOTA,
UNDER MINNESOTA STATUTES, SECTION 475.521
Notice is hereby given that the City Council of the City of Hibbing, Minnesota (the "City") will conduct a public hearing on Wednesday, February 19, 2025, at 5:00 p.m. at the City Hall City Council Chambers, located at 40 I East 21st Street, Hibbing, Minnesota, for the purpose of conducting a public hearing on the City's proposed Capital Improvement Plan for the years 2025- 2029 prepared under Minnesota Statutes, Section 475.521 and the City's intention to issue bonds in one or more series, in an amount not to exceed $10,000,000 (the "Bonds") to finance improvements to the City's Public Works Facility identified in the capital improvement plan and pay a portion of the costs of issuing the Bonds. The payment of the Bonds and interest thereon shall constitute a general obligation of the City secured by the full faith and credit of the City.
If a petition requesting a vote on the issuance of the bonds is signed by voters equal to 5 percent of the votes cast in the City in the last municipal general election and is filed with the City within 30 days after the public hearing, the Bonds may only be issued upon obtaining the approval of the majority of the voters voting on the question of issuing the Bonds.
A copy of the capital improvement plan is available for inspection in the City Clerk's Office, City Hall, 401 East 21st Street, Hibbing, Minnesota 55746.
All interested persons may appear and be heard at the public hearing either orally, or in writing, or may file written comments with the City Clerk before the hearing.
CITY OF HIBBING, MINNESOTA
/s/ Candie Seppala, City Clerk