NOTICE OF PUBLIC HEARING:
STREET RECONSTRUCTION PLAN AND
NOTICE OF INTENT TO ISSUE
STREET RECONSTRUCTION BONDS
TO WHOM IT MAY CONCERN: Notice is hereby given that the City Council of the City of Owatonna, Minnesota, will meet in Council
Chambers at 540 West Hills Circle at 7:00 p.m. on Tuesday, March 21, 2023, to consider:
(1) the adoption of a five-year street reconstruction plan (the “Plan”); and
(2) the proposed issuance of general obligation bonds (the “Bonds”) to finance certain street reconstruction projects described in the Plan, all pursuant to Minnesota Statutes, Chapter 475.58, subdivision 3b. The maximum principal amount of the Bonds to be issued under the Plan is $3,400,000. A draft copy of the Plan is on file with the City Clerk and is available for public inspection at City Hall during regular business hours.
All interested person 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.
If a petition requesting a vote on the issuance of the Bonds, signed by voters equal to 5% of the votes cast in the City in the last general election, is filed with the City Clerk within 30 days after the public hearing (i.e. April 20,2023), the City may issue the Bonds only after obtaining approval of a majority of voters on the question at an election.
Public Hearing Notice