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(February 20, 2025)

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CITY OF STACY,
NOTICE OF PUBLIC
HEARING REGARDING A STREET RECONSTRUCTION PLAN AND THE ISSUANCE OF BONDS THEREUNDER

NOTICE IS HEREBY GIVEN that the City Council of the City of Stacy, Minnesota (the “City”), will hold a public hearing on Monday, March 10, 2025, at or after 7:00 p.m. at Lent Town Hall, located at 33155 Hemingway Avenue in the City, relating to a proposal concerning (1) the adoption of a five-year street reconstruction plan (the “Plan”); and (2) the issuance of general obligation street reconstruction bonds (the “Bonds”) to finance the reconstruction of certain streets in the City, all pursuant to Minnesota Statutes, Section 475.58, subdivision 3b, as amended. The Bonds will be issued in a principal amount not to exceed $1,400,000, plus any premium received. A draft copy of the Plan is on file with the City Clerk and is available for public inspection at City Hall during regular business hours.

If a petition requesting a vote on the issuance of the Bonds, signed by voters equal to 5 percent of the votes cast in the last City general election, is filed with the City Clerk within 30 days after the public hearing, the City may issue the Bonds only after obtaining approval of a majority of voters voting on the question at an election.

At the time and place fixed for the public hearing, the City Council will give all persons who appear at the hearing an opportunity to express their views with respect to the proposal. In addition, interested persons may direct any questions or file written comments respecting the proposal with the City Clerk, at or prior to said public hearing.

Dated: February 20, 2025

BY ORDER OF THE CITY COUNCIL OF THE CITY OF STACY, MINNESOTA

/s/ Angie Comstock
Deputy City Clerk
City of Stacy, Minnesota

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