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RESOLUTION NO. 2013-15 WHEREAS, the City of Moscow, State of Idaho (the "City") is considering adoption of a resolution to file a petition for judicial confirmation pursuant to Title 7, Chapter 13 of the Idaho Code to confirm the power of the City to issue revenue bonds or other evidences of indebtedness (the "Bonds") under the provisions of Section 50-237, Idaho Code, and Sections 50-1027 through 50-1042, Idaho Code, inclusive, pursuant to a resolution or ordinance to be adopted by the members of the City Council (the "Council"). The proceeds from the sale of the Bonds will be used by the City to finance the costs of certain improvements to the domestic water system serving the City's residents (the "System"), which System is owned and operated by the City; WHEREAS, the City desires to hold a public hearing pursuant to Idaho Code § 7-1304 to consider whether it should adopt a resolution or ordinance authorizing the filing of the petition for judicial confirmation; WHEREAS, pursuant to Idaho Code § § 7-1304 and 7-1306, notice of the public hearing in substantially the form attached hereto as Exhibit A shall be published in the The Moscow-Pullman Daily News in the main news section, far forward, at least 15 days prior to the date of the public hearing, and shall be provided to all persons requesting such notice via certified mail at least 14 days prior to the date of the public hearing. NOW, THEREFORE, be it resolved by the Council as follows: Section 1. Calling of Public Hearing. The City shall hold a public hearing at its regularly scheduled meeting of its Council on January 6, 2014 at 7:00 p.m. to obtain public comment regarding its consideration of adopting a resolution to file a petition for judicial confirmation to confirm its power to issue revenue bonds or other evidences of indebtedness (the "Bonds") in accordance with Section 50-237, Idaho Code, and Sections 50-1027 through 50- 1042, Idaho Code, inclusive, pursuant to the terms of an ordinance. The proceeds from the sale of the Bonds will be used by the City to finance all or a portion of the costs of the improvements to the System as described in the Notice of Public Hearing, a draft of which is attached hereto as Exhibit A. Section 2. Notice of Public Hearing. The notice of the public hearing in substantially the form attached hereto as Exhibit A will be published in the The Moscow-Pullman Daily News in the main news section, far forward, at least 15 days prior to the date of the public hearing and shall be provided to all persons requesting such notice via certified mail at least 14 days prior to the date of the public hearing. - 1 - 417 43.0004.6184235.2 ---PAGE BREAK--- PASSED by the Council of the City this 2nd day of December, 2013. ATTEST: CITY OF MOSCOW, STATE OF IDAHO ---PAGE BREAK--- EXHIBIT A NOTICE OF PUBLIC HEARING NOTICE OF HEARING TO CONSIDER A RESOLUTION AUTHORIZING THE FILING OF A PETITION FOR JUDICIAL CONFIRMATION UNDER THE IDAHO JUDICIAL CONFIRMATION LAW CITY OF MOSCOW, STATE OF IDAHO THIS NOTICE OF HEARING is provided pursuant to Idaho Code Section 7-1304. Notice is hereby given that the City Council (the "Council") of the City of Moscow, State of Idaho (the "City") shall conduct a public hearing to consider the adoption of a resolution or ordinance authorizing the filing of a petition for judicial confirmation under Title 7, Chapter 13 of the Idaho Code (the "Judicial Confirmation Law"). The public hearing will be held on January 6, 2014, at 7:00 p.m., in the Council Chambers at City Hall, 206 East Third Street, Moscow, Idaho. The matter to be discussed in the public hearing is whether the Council should adopt a resolution or ordinance authorizing the filing of a petition in the Second Judicial District Court of the State of Idaho (the "District Court") under the Judicial Confirmation Law to obtain judicial examination and determination of the validity of certain revenue bonds or other evidences of indebtedness to be issued by the City (the "Bonds") pursuant to the terms of an ordinance to be adopted by the Council, the proceeds from the sale of said Bonds to be used to finance the costs of certain improvements to the City's domestic water system (the "System"), which improvements are included in the System's facility plan and required to address deficiencies in the System, ensure adequate fire protection supply, and comply with requirements of the Idaho Department of Environmental Quality The proposed improvements to the System to be financed with the Bonds and estimated costs thereof are specifically listed below. The District Court will be requested to determine the validity of the Bonds under Section 50-237, Idaho Code, and Sections 50-1027 through 50-1042, Idaho Code, inclusive, and that such Bonds may be payable from the rates and charges levied, assessed and collected for the services, facilities and commodities furnished by the System, pursuant to Idaho Code Section 50-1030(f). Description of Proposed Improvements Design, development and construction of a production well and associated transmission mains Replacement of existing booster pump stations Replacement of existing water line Total: Estimated Costs $2,700,000 1,275,000 320,000 $4,295,000 Copies of the proposed petition and form of ordinance may be examined at the administrative offices of the Council during regular business hours 8:00 a.m. to 5:00 p.m. DATED: December 21, 2013 CITY OF MOSCOW, STATE OF IDAHO - 3 -