Cass County Economic Development Commission Meeting and Public Hearings

CASS COUNTY ECONOMIC DEVELOPMENT COMMISSION
August 17, 2020
1:00 p.m.
Cass 4H Community Center, 2281 East 125 N, Logansport, IN
I. Call to Order
Announcements:
-Those wishing to speak during the public hearing are not required to sign-up prior to speaking, but we do ask that when you approach the podium to speak you sign in on the sheet provided
-There are hand sanitizer and sanitizing wipes available at the podium to sanitize the pen and the microphone between speakers
-Those participating by video conference, once the in person attendees have spoken, you may click on the “hand” at the bottom of your screen and your line will be unmuted in order of receipt -Those participating by phone that emailed your name and phone number to the County Auditor at cheryl.alcorn@co.cass.in.us by 11:00 a.m. on August 17, 2020 will be called upon and your line will be unmuted when time to speak
-We understand that there are a lot of people who wish to be heard on this matter and in order to hear from as many of you as possible, please limit your comments to 4 minutes and avoid repeating comments previously made; we ask that you follow these rules so that we can accommodate all of you who would like to speak
II. Approval of the Minutes from the July 15, 2020 Meeting
III. Project presentation from Waelz Sustainable Products, LLC
IV. PUBLIC HEARING on Two (2) Economic Development Revenue Bonds
V. Consideration of Project Report for TIF EDC Bonds
VI. Consideration of Resolution 2020-01(TIF EDC Bonds )
VII. Presentation on private activity bonds
VIII. Consideration of Project Report for Private Activity EDC Bonds
IX. Consideration of Resolution 2020-02(Private Activity EDC Bonds)
X. Next Meeting –Will be determined as needed
XI. Adjournment
This meeting will be conducted in accordance with federal, state and local guidance concerning the ongoing public health emergency. You are invited to join in person subject to social distancing requirements and room capacity or call in on Lifesize or phone as set forth below.
Click to call from Mobile (audio only)United States: +1 (312) 584-2401, 4173330#
Call in by Phone (audio only)United States: +1 (312) 584-2401
Meeting extension: 4173330#
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If experiencing technical difficulties, please go to https://www.co.cass.in.us/resources/public-meetings for additional instructions.

CASS COUNTY ECONOMIC DEVELOPMENT COMMISSION NOTICE OF PUBLIC HEARING The Cass County (“County”) Economic Development Commission (“Commission”) will hold a public hearing at 1:00 p.m. on August 17, 2020, at the Cass 4H Community Center, 2281 East 125 N, Logansport, Indiana, regarding a proposed financing of the cost of a portion of the construction and expansion of a waelz kiln facility consisting of several buildings totaling approximately 220,000 square feet, together with all necessary appurtenances and related improvements (“Project”), in or physically connected to the Clymers Economic Development Area (“Area”); (ii) the issuance of its Taxable Economic Development Revenue Bonds, Series ___ (to be completed with the year in which issued and series designation) (“Bonds”), to be issued in series, in the aggregate principal amount not to exceed Twenty-three Million Dollars ($23,000,000) to finance a portion of the Project; and (iii) to consider whether this financing will have an adverse competitive effect on any similar facilities already constructed or operating in the County. The Bonds would be issued by the County pursuant to IC 36-7-11.9, 36-7-12, 36-7-14 and 36-7-25, and an ordinance to be adopted by the County Council (“Ordinance”). The Bonds will not be payable in any manner by taxation, but are proposed to be payable from Pledged TIF Revenues from the Project Outdoor Allocation Area (as defined in the Trust Indenture) and as otherwise provided in the Financing and Covenant Agreement, the Trust Indenture and the Ordinance. Proceeds of the economic development financing will be used for the construction of a portion of the Project to be located at West County Road 300 South, west of the intersection of County Road 300 and South County Road 325 West in Cass County, Indiana. The public hearing is being held pursuant to IC 36-7-12-24. The public is invited to attend and comment on any of the matters herein noted. Written comments may also be submitted to the Secretary of the Commission until 5:00 p.m. August 14, 2020, by delivering such comments to the office of the Auditor, 200 Court Park, Room 105, Logansport, Indiana. In light of the changing circumstances as they relate to COVID-19 and the Indiana Governor’s Executive Orders regarding social distancing, please check the County’s website at https://www.co.cass.in.us or contact the Auditor’s office prior to the scheduled hearing to receive up to date information about meeting logistics and instructions. PLEASE NOTE: THE COUNTY IS MAKING EVERY EFFORT TO FOLLOW THE SPIRIT AND INTENT OF ALL APPLICABLE LAWS REGULATING THE CONDUCT OF PUBLIC MEETINGS, IN ORDER TO MAXIMIZE TRANSPARENCY AND PUBLIC ACCESS DESPITE THE ONGOING PUBLIC HEALTH EMERGENCY. Dated: August 7, 2020. CASS COUNTY ECONOMIC DEVELOPMENT COMMISSION L-289 8/7 hspaxlp 1657838 (Link)

NOTICE OF PUBLIC HEARING The Cass County, Indiana (the “County”) Economic Development Commission (the “Commission”) will hold a public hearing at 1:00 p.m., local time, on August 17, 2020, with respect to the issuance by the County of its Economic Development Revenue Bonds, Series 2020 (WSP Recycling Project) (the “Bonds”), in one or more taxable or tax-exempt series, with a maximum aggregate principal amount not to exceed Seventy Million Dollars ($70,000,000), the proceeds of the sale thereof to be loaned to Waelz Sustainable Products, LLC (the “Borrower”) to finance the acquisition, construction, improvement and equipping of a proposed solid waste recycling facility consisting of buildings and equipment related to recycling of metallurgical feed and production of zinc oxide and iron concentrate, together with functionally related and subordinate facilities, located at West County Road 300 South, west of the intersection of County Road 300 and South County Road 325 West in Cass County, Indiana (collectively, the “Project”), paying certain costs of issuing the Bonds and funding related reserves, funds and accounts, if necessary. The Bonds would be issued pursuant to the provisions of IC 36-7-11.9 and 12 (collectively, the “Act”) and an ordinance to be adopted by the County Council. The Bonds would not constitute a debt, liability or obligation of the County, the State of Indiana or any political subdivision thereof or a pledge of the faith and credit of the County, the State of Indiana or any political subdivision thereof, but shall be payable solely from the funds pledged to the payment thereof. A substantial portion of the Bonds are expected to be issued as “exempt facility bonds” pursuant to Section 142 of the Internal Revenue Code of 1986, as amended (the “Code”). The Borrower would own and operate the Project. The public hearing will be held at the Cass County 4-H Community Center located at 2281 East County Road 125 North, Logansport, Indiana. The public is invited to attend or to submit written comments to the Secretary of the Commission at the office of the Auditor, 200 Court Park, Room 105, Logansport, Indiana on or before 5:00 p.m., August 14, 2020. This public hearing is being held pursuant to the provisions of Section 147 of the Code and the Act. In light of the changing circumstances as they relate to COVID-19 and the Indiana Governor’s Executive Orders regarding social distancing, please check the County’s website at https://www.co.cass.in.us or contact the Auditor’s office prior to the scheduled hearing to receive up to date information about meeting logistics and instructions. PLEASE NOTE: THE COUNTY IS MAKING EVERY EFFORT TO FOLLOW THE SPIRIT AND INTENT OF ALL APPLICABLE LAWS REGULATING THE CONDUCT OF PUBLIC MEETINGS, IN ORDER TO MAXIMIZE TRANSPARENCY AND PUBLIC ACCESS DESPITE THE ONGOING PUBLIC HEALTH EMERGENCY. Dated: August 07, 2020. CASS COUNTY ECONOMIC DEVELOPMENT COMMISSION L-291 8/7 hspaxlp 1658320 (Link)

 

Date

Aug 17 2020
Expired!

Time

1:00 pm

Location

Cass County 4-H Fairgrounds
2281 E Co Rd 125 N, Logansport, IN 46947
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August

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