NOTICE OF PUBLIC HEARING CONCERNING THE INTENTION OF THE CITY COUNCIL OF THE CITY OF PETERSBURG, VIRGINIA TO PROPOSE FOR PASSAGE A RESOLUTION AUTHORIZING THE ISSUANCE OF UP TO $70,000,000 IN PRINCIPAL AMOUNT OF GENERAL OBLIGATION BOND ANTICIPATION NOTES OF THE CITY OF PETERSBURG, VIRGINIA
Notice is hereby given to all interested persons of a public hearing concerning the intention of the City of Petersburg, Virginia (the “City”), to propose for passage at a regular meeting of the City Council of the City of Petersburg, Virginia to be held on Tuesday, October 21, 2025 at 5:00 p.m. at the Petersburg Public Library, 201 West Washington Street, Petersburg, Virginia 23803, in accordance with Section 15.2-2606 of the Code of Virginia of 1950, as amended, a resolution authorizing the issuance of one or more series of a general obligation bond anticipation note, series 2025 of the City in the maximum aggregate principal amount of $70,000,000 (the “Notes”). The City expects to spend approximately $30,000,000 of the proceeds of the Notes to finance various City general fund purposes, including but not limited to, bridge replacement, fire stations and equipment, public safety facilities, vehicles and equipment, city hall improvements and a training center and related City capital improvement projects and expects to spend approximately $40,000,000 of the proceeds of the Notes for various water and sewer utility fund purposes, including but not limited to water pump stations rehabilitation and upgrades, watermain replacement, water lines and storage facilities, nutrient removal upgrades, sewer interceptor upgrades, sewer pump station improvements and sewer conveyance system rehabilitation and related City utility fund capital improvement projects. The Notes will be secured by the full faith and credit of the City. A copy of the full text of the resolution is on file in the office of the City Manager of the City of Petersburg, Virginia, 135 North Union Street, Petersburg, Virginia 23803 and is available for public inspection during normal business hours. Persons may appear and present their views at the public hearing. Anyone needing assistance or accommodation under the provisions of the Americans with Disabilities Act should call the office of the Clerk of Council at (804) 733-2323.
TANGI R. HILL, CMC
CLERK OF COUNCIL
CITY OF PETERSBURG, VIRGINIA
11703290 9/30 10/7/25