Commissioners Public Hearing/Meeting
Date/Time
Date(s) - March 26, 2025
6:00 pm
Location
Queenstown Town Office
The Queenstown Commissioners will hold a Public Hearing and Regular Meeting in the Town Office on Wednesday, March 26, 2025, at 6:00pm.
Zoom information can be found on the Agenda.
The Queenstown Commissioners will conduct a public hearing on the following proposed ordinance: (click link to view)
ORDINANCE 25-01 AN ORDINANCE of The Town Commissioners of Queenstown (the “Town”) authorizing the issuance, upon the full faith and credit of the Town, of (i) a general obligation installment bond in the principal amount not to exceed One Million Eight Hundred Twenty-Eight Thousand Dollars ($1,828,000) to be designated “The Town Commissioners of Queenstown General Obligation Bond (Water System Improvement)” (the “Bond”), with such other designation or modified designation as authorized by the Town, and (ii) a general obligation note in the maximum principal amount not to exceed One Million Eight Hundred Twenty-Eight Thousand Dollars ($1,828,000) to be designated “The Town Commissioners of Queenstown General Obligation Note (Water System Improvement)” (the “Note”) with such other designation or modified designation as authorized by the Town, each under the authority of 19-207 and 19-301, et seq. of the Local Government Article of the Annotated Code of Maryland (2013 Replacement Volume, as amended) (the “Enabling Act”) and Section 19-46 of the Charter of the Town (the “Charter”); the net proceeds of the sale of the Bond and the Note, respectively, will be used and applied for the public purpose of financing and refinancing the costs of the refurbishment of the existing 50,000 gallon elevated tank located on Wall Street, the installation of a new 100,000 gallon ground storage tank, the construction of a new four inch well into the Mattawan aquifer and a new water treatment facility, and the replacement of undersized and/or defective watermains to meet the provisions of the 10 States Standards to all areas within the Town service area, and the extension of new water mains to new areas, together with the acquisition of all necessary property rights and equipment, together with any related construction, architectural, financial, fiscal, legal, design, planning and engineering expenses; prescribing the form and tenor of the Bond and the Note and the terms and conditions for the issuance and sale of the Bond and the Note; providing for the levy and collection of any taxes necessary for the prompt payment of the maturing principal of and interest on the Bond and the Note and that the full faith and credit and taxing power of the Town be irrevocably and unconditionally pledged to the payment of the principal and interest on the Bond and the Note.