NOTICE OF PUBLIC HEARING

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NOTICE OF PUBLIC HEARING
ON A PROPOSED PROJECT AND THE
ISSUANCE OF INDUSTRIAL DEVELOPMENT REVENUE
BONDS UNDER THE INDUSTRIAL DEVELOPMENT ACT
(RIVERVIEW LLP PROJECT)

NOTICE IS HEREBY GIVEN that the County Board of Commissioners of Swift County, Minnesota, will meet on July 17, 2018, at 10:30 a.m., in the Commission Meeting Room of the Swift County Courthouse, 301 14th Street N., Benson, Minnesota, for the purpose of holding a public hearing on a proposal that the County issue revenue bonds under the Industrial Development Act, Minnesota Statutes sections 469.152 to 469.1651, in order to finance the cost of a Project described below.
The proposed Project will consist of the solid waste disposal facilities for Swenoda Dairy.  The Project will consist of the construction, acquisition and installation of facilities and equipment to be used in connection with the storage and disposal of manure including site preparation, concreted flushing and scraping lanes, flushing equipment, separators, storage pit and functionally related facilities to be used in the owner’s dairy facilities.  The amount of the proposed bond issue is not to exceed $20,000,000.  The Project may be financed by one or more series of bonds issued pursuant to a plan of financing.  The Project will be owned and operated by Riverview LLP, a Minnesota limited liability partnership, and will be located at 230 120th Street SW, Benson, Minnesota.  Riverview LLP is engaged in the business of owning and operating a dairy.
The Bonds, if and when issued by the County to finance the Project, shall be limited obligations of the County payable solely from the revenue pledged to the payment thereof, and may be secured by a mortgage or other encumbrances on the Project.  No holder of any such bonds shall ever have the right to compel any exercise of the taxing power of the County to pay such bonds, or the interest thereon, nor to enforce payment against any property of the County except the Project secured thereby.
A draft of the proposed application to the Minnesota Department of Employment and Economic Development for approval of the Project, together with attachments and exhibits thereto, is available for public inspection at the office of the County Administrator during normal business hours.
All persons interested may appear and be heard at the time and place set forth above or may file written comments with the County Administrator which will be considered at the public hearing.
6-27-1c
 

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