Chickasaw County holds public hearing to clear way for up to $3 million in urban‑renewal notes

The Chickasaw County Board of Supervisors on Feb. 9 held a public hearing on authorizing a loan agreement and issuing general obligation capital notes not to exceed $3,000,000 to finance urban renewal projects under Iowa Code chapter 403, including the B22 paving project.

County Auditor Sheila Shefferton told the board that no petitions requesting an election on the question had been filed and that "no written objections have been filed" to the proposed issuance. After hearing no oral objections, the board closed the public hearing and moved forward with the resolution to institute proceedings.

The board discussed schedule and next steps: staff said bids for contractors on the project are expected within days, and that further loan documents would be prepared for review before the county finalizes borrowing. Supervisors noted the county may not draw the full $3,000,000 authority and expect to tailor borrowing to project needs.

A vote to open and close the hearing and to institute the necessary proceedings was taken by voice; at the public hearing vote the clerk recorded the motion as carried 5 to 0.

Next steps: county staff will complete required documents, receive contractor bids, and return to the board with final loan paperwork and timing. A formal resolution (referenced in meeting materials as resolution 2926-12) was moved and carried to allow the county to proceed with statutory steps toward issuance.

Sources: Board discussion and auditor statements during the Feb. 9 public hearing.