NOTICE OF MEETING OF THE BOARD OF SUPERVISORS AUTHORIZATION OF A LOAN AGREEMENT

PUBLIC NOTICE is hereby given that the Board of Supervisors of Chickasaw County, State of Iowa, will hold a public hearing on the 13th day of October, 2025, at 9:10 A.M., in the Chickasaw County Courthouse, 8 East Prospect Street, New Hampton, Iowa, at which meeting the Board proposes to take additional action for the authorization of a Loan Agreement and the issuance of not to exceed $600,000 General Obligation Capital Loan Notes, for essential county purposes, to provide funds to pay the costs of aiding in the planning, undertaking, and carrying out of urban renewal projects under the authority of Iowa Code chapter 403 including the construction of two new secondary roads shop buildings; one for the engineer’s office and one to replace the secondary roads shop building's West storage bays, as authorized in the CWEC Urban Renewal Plan.  Principal and interest on the proposed Loan Agreement will be payable from the Debt Service Fund.

At any time before the date of the meeting, a petition, asking that the question of issuing such Notes be submitted to the legal voters of the County, may be filed with the Auditor of the County in the manner provided by Section 331.306 of the Code of Iowa, pursuant to the provisions of Sections 331.402, 331.441(2)(b)(14), 331.443 and 403.12 of the Code of Iowa.

The annual increase in property taxes as the result of the issuance on a residential property with an actual value of one hundred thousand dollars is estimated not to exceed $29.50.  This estimate only considers the impact on property taxes of financing authority established by this hearing for the above-described project(s). The note may be issued in one or more series over a number of years. Finance authority established by this hearing may be combined with additional finance authority, causing the estimate for the annual increase in property taxes for the entire issuance to be greater than the estimate stated herein.  Changes in other levies may cause the actual annual increase in property taxes to vary.

At the above meeting the Board shall receive oral or written objections from any resident or property owner of the County to the above action.  After all objections have been received and considered, the Board will at the meeting or at any adjournment thereof, take additional action for the authorization of a Loan Agreement and the issuance of the Notes to evidence the obligation of the County thereunder or will abandon the proposal to issue said Notes.

This notice is given by order of the Board of Supervisors of Chickasaw County, State of Iowa, as provided by Chapters 331 and 403 of the Code of Iowa.

Dated this 22 day of September, 2025.