NOTICE OF PUBLIC HEARING
PACKERWARE CORPORATION
REQUEST FOR TAX ABATEMENT AND INDUSTRIAL REVENUE BONDS
Notice is hereby given that the Governing Body of the City of Lawrence, Kansas (the “City”) will meet for the purpose of conducting a public hearing on Tuesday January, 24, 2006, at 6:35 p.m., or as soon thereafter as it may be heard, in the City Commission meeting room, City Hall, 6 East 6th Street, in regard to the issuance of industrial revenue bonds of the City, in multiple series, in an aggregate amount not to exceed $118,000,000 (the “Bonds”) and in regard to an exemption from ad valorem taxation on real and personal property purchased with the proceeds of such bonds in accordance with the City’s tax abatement policy. The Bonds are proposed to be issued by the City under authority of K.S.A. 12-1740 et seq., as amended, for the purpose of modifying an existing 40,000 square foot warehouse space to convert to manufacturing space, constructing an additional approximately 40,000 square feet of manufacturing space and to purchase new machinery and equipment. The facility will be located at 2330 Packer Road in Lawrence, Kansas. The City further intends to lease such facility to Packerware Corporation.
A copy of this Notice, together with a draft copy of the inducement resolution to be considered for adoption on January 24, 2006, and a report prepared for the City analyzing the costs and benefits of such property tax exemption as required by K.S.A. 12-1749d, as amended, will be on file in the office of the City Clerk 3rd Floor, City Hall, 6 East 6th Street, and will be available for public inspection during normal business hours on and after January 16, 2006.
All persons having an interest in the matter will be given an opportunity to be heard at the times and place above specified.
Dated: January 16, 2006
City of Lawrence, Kansas
/s/ Frank S. Reeb
Frank S. Reeb
City Clerk