NOTICE OF ADOPTION AND PURPORT OF BOND ORDINANCE

NOTICE OF DETERMINATION TO CONSTRUCT AND FINANCE ADDITIONS AND IMPROVEMENTS TO THE GOSHEN SEWAGE WORKS AND THE ADOPTION AND PURPORT OF THE ORDINANCE AUTHORIZING SAME

Property owners, ratepayers and other interested parties in or served or to be served by the sewage works of the City of Goshen, Indiana (“City”), are hereby notified that on February 4, 2020, the Common Council adopted Ordinance No. 5034, thereby determining to construct additions and improvements to the City’s sewage works consisting of the following projects:

  • WWTP Improvements Project consisting of upgrades to the existing facilities to improve preliminary treatment, primary treatment, secondary treatment, and sludge handling processes as well as general site improvements.
  • Lift Station Improvements consisting of upgrades to 25 of the existing lift stations throughout the City wastewater collection system. Lift station upgrades are categorized as Category 1, Category 2, and Category 3 upgrades.
  • Rock Run Sewer Improvements consisting mainly of installation of approximately 1,300 feet of 42-inch sewer generally parallel to the existing Rock Run Sewer, redirecting flow to the new sewer, and abandoning the existing sewer. Portions of the sewer alignment will pass through contaminated soils which have previously been encapsulated and special soil disposal and backfill procedures must be used.

all pursuant to plans and specifications prepared by consulting engineers of the City. (collectively,”Project”). The Project is further set forth on Exhibit A to Ordinance No. 5034.

The total estimated cost of the Project will not exceed $26,200,000. Ordinance No. 5034 further directed that the cost of the Project be financed by the issuance of revenue bonds in an amount not to exceed $26,200,000 which bonds will be payable from net revenues of the sewage works, on a parity with certain outstanding sewage works revenue bonds of the City. The bonds will be sold at a private sale to the Indiana Finance Authority or by competitive bidding, at an interest rate not to exceed 4.0% per annum, and will mature semiannually on January 1 and July 1 over a period ending no later than January 1, 2050. Copies of the plans, specifications, cost estimates and of Ordinance No. 5034 are on file in the office of the Clerk-Treasurer and are available for inspection by any interested parties during regular business hours. Objections to said project and the bonds may be filed in the time and manner provided by the Indiana Code, Title 36, Article 9, Chapter 23.

Dated this 13th day of February, 2020.

/s/ Adam Scharf
Clerk-Treasurer, City of Goshen, Indiana