Government : Hearing set for loan for new Nature Center

The Benton County Supervisors have given tentative approval for a loan from the Donovan Trust to the Benton County Conservation Department for the purchase of the house and property that will become the site of the new Nature Center.

The official public notice appears eelow:

NOTICE OF PROPOSED ACTION TO INSTITUTE PROCEEDINGS TO ENTER INTO A LOAN AGREEMENT IN A PRINCIPAL AMOUNT NOT TO EXCEED $400,000

(GENERAL OBLIGATION/GENERAL FUND)

The Board of Supervisors of Benton County, Iowa, will meet on the 6th day of July, 2010, at the Boardroom, Benton County Courthouse, 111 E. 4th St., Vinton, Iowa, at 10:00 o’clock a.m. for the purpose of instituting proceedings and taking action to enter into a loan agreement (the “Loan Agreement”) in a principal amount not to exceed $400,000 for the purpose of paying the cost, to that extent, of acquiring property and remodeling a Benton County Conservation Nature Center.

The Loan Agreement is proposed to be entered into pursuant to authority contained in Section 331.402 of the Code of Iowa and will constitute a general obligation of the County. The Loan Agreement will be payable from the County’s General Fund, and no debt service property taxes will be levied.

At that time and place, oral or written objections may be filed or made to the proposal to enter into the Loan Agreement. After receiving objections, the County may determine to enter into the Loan Agreement, in which case, the decision will be final unless appealed to the District Court within fifteen (15) days thereafter.

By order of the Board of Supervisors of Benton County, Iowa.

Jill Marlow

CountyAuditor