NOTICE OF INTENTION TO ISSUE
NOT EXCEEDING $2,294,000 OF
TAXABLE SEWER REVENUE BONDS (DEQ)
OF SEWERAGE DISTRICT NO. 1 OF
RAPIDES PARISH, LOUISIANA
PUBLIC NOTICE IS HEREBY GIVEN, pursuant to and in compliance with the provisions of Part II of Chapter 4 of Subtitle II of Title 39 of the Louisiana Revised Statutes of 1950, as amended, and/or other applicable laws (the "Act"), that the Board of Supervisors of Sewerage District No. 1 of Rapides Parish, Louisiana (the "District"), does hereby declare its intention to issue not exceeding Two Million Two Hundred Ninety-Four Thousand Dollars ($2,294,000) of Taxable Sewer Revenue Bonds (DEQ) of the District, the proceeds of which will be used to finance the costs of designing, constructing, and acquiring improvements, extensions, and replacements to the sewerage system of the District (the "System"), including equipment and fixtures therefor, and paying costs of issuance incurred in connection therewith.
The Bonds shall be limited and special revenue bonds of the District, secured by and payable in principal and interest solely from the income and revenues derived or to be derived by the District from the operation of the System, after payment therefrom of the reasonable and necessary expenses of operating and maintaining the System, as may be more fully described in the resolution issuing the Bonds. The Bonds shall not be a charge on the other income and revenues of the District, nor shall they constitute an indebtedness or pledge of the general credit of the District; however, the District, in its discretion, may supplement the revenues of the System from other revenues of the District available for such purpose.
The Bonds will be issued pursuant to the Act in one or more series, will mature not later than 22 years from their date or dates of issuance, and will bear interest at rates not more than 0.95% per annum.
As provided by the Act, all of the other details of the Bonds will be set forth in the resolution(s) authorizing their issuance, including the following: covenants relating to the management and operation of the System, the imposition and collection of rates and charges from the System's customers, the expenditure of such rates and charges, the issuance of future bonds and the creation of future liens and encumbrances against the System and all other pertinent matters as may be necessary to the authorization and issuance of the Bonds.
The Bonds are expected to be sold at a private sale, as provided for in the Act, to the Clean Water State Revolving Fund of the State of Louisiana, and the Bonds will also be approved by the State Bond Commission prior to their delivery.
NOTICE IS HEREBY FURTHER GIVEN that the Mayor and Board of Aldermen, acting as the governing authority of the District, will meet in open and public session on Tuesday, November 4, 2025at three o'clock (3:00) p.m., at 2826 Lee Street, Alexandria, Louisiana 71301, to hear any objections to the proposed issuance of the Bonds; provided, however, if at such hearing a petition duly signed by electors of the District in a number not less than five percent (5%) of the number of the electors of the District voting in the last election held in the District object to the issuance of the Bonds, then the Bonds shall not be issued until approved by a vote of a majority of the qualified electors of the District who vote at a special election held for that purpose in the manner provided by Chapter 6-A, Title 18 of the Louisiana Revised Statutes of 1950, as amended. Any such petition shall be accompanied by a certificate of the Rapides Parish Registrar of Voters certifying that the signers of the petition are registered electors of the District and the number of signers amounts to not less than five percent (5%) of the registered voters that voted in the last election held in the District, all as provided by the Act.
SEWERAGE DISTRICT NO. 1 OF RAPIDES PARISH, LOUISIANA
11729022 10/8 10/15 10/22 10/29/25 ($280.16)