NOTICE OF PUBLIC HEARING OF CITY OF BATESVILLE, INDIANA ECONOMIC DEVELOPMENT COMMISSION Notice is hereby given that the City of Batesville, Indiana ("City") Economic Development Commission (the "Commission") will hold a public hearing pursuant to Indiana Code 36-7-12-24 at 8:00 p.m. (local time) on June 10, 2016, at the Batesville Memorial Building, first floor conference room, Batesville, Indiana, regarding the proposed partial financing for the redevelopment, improvement, installation and equipping of a commercial facility, commonly known as the Sherman House, to be located in Batesville, Indiana ("the Project"), which will be owned and operated by HPH Hospitality, LLC, an Indiana limited liability company, or its subsidiaries or affiliates, or its respective successors, assigns or any affiliates thereof (the "Applicant"), to be used for the redevelopment, improvement, installation and equipping of all or a portion of the Project and paying expenses related to the financing of the Project; to provide a reasonable opportunity for interested individuals to express their views on the proposed Project and the location and nature of the proposed Project to be financed; and to determine whether said financing will have an adverse competitive effect on any similar facilities already constructed or operating in or near the City. The financing of the Project by the City pursuant to Indiana Code 36-7-11.9 and Indiana Code 36-7-12 and an ordinance adopted by the Common Council of the City. The financing on the Project will be secured, as necessary, by a financing agreement, promissory note and other documents relating to the financing of the Project (collectively, the "Financing Agreement"). The public is invited to attend and comment on any of the matters herein noted, and all taxpayers, residents or interested parties who appear will be given a reasonable opportunity to express their views, both orally and in writing on the proposed financing of the Project and the location and nature of the Project. If you are unable to attend the public hearing, written comments concerning any of the matters herein noted may be addressed to the Batesville Economic Development Commission, Office of the Mayor, 132 S. Main Street, Batesville, Indiana 47006, and must be received no later than 12:00 noon, June 9, 2016. If the Commission shall find for itself and on behalf of the City that the proposed financing will be of benefit to the health and welfare of the City and complies with the purposes and provisions of Indiana Code 36-7-11.9 and Indiana Code 36-7-12, the Commission will adopt a resolution and the Common Council of the City will adopt an ordinance approving the proposed financing and the form of the Financing Agreement and other related documents. CITY OF BATESVILLE ECONOMIC DEVELOPMENT COMMISSION Dated: May 31, 2016 B-66 May 31 hspaxlp
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