March 26, 2014
NORTHERN ILLINOIS UNIVERSITY PUBLIC HEARING
Pursuant to Section 147(f)
of the Internal Revenue Code of 1986, as amended
10 a.m. Tuesday, April 8, 2014
Board of Trustees Room
315 Altgeld Hall – Northern Illinois University
NOTICE OF PUBLIC HEARING
On Tuesday, April 8, 2014 at 10:00 a.m., a public hearing will be held before the Interim Chief Financial Officer, or her designee, on behalf of the Board of Trustees of Northern Illinois University (the “Board”), at Northern Illinois University, 595 College Avenue, (Intersection of College Avenue and Castle Drive), Altgeld Hall, DeKalb, Illinois in Room 315 (3rd Floor), regarding a plan of finance by the Board to issue Certificates of Participation (Capital Improvement Projects), Series 2014 in one or more series (the “Certificates”), in an aggregate principal amount not to exceed $12,535,000.
The proceeds of the Certificates will be used to (i) refinance the costs of acquiring, constructing and equipping improvements to certain educational facilities of Northern Illinois University (the “University”) at the locations listed below: (1) an approximate 113,000 gross square foot facility located on an approximate 11.2 acre site located at 1120 East Diehl Road, Naperville, Illinois 60563, on the Naperville campus of the University which is used for office, conference and institutional space by the University’s Business and Industry unit, and (2) energy savings improvements in Montgomery Hall – 155 Castle Drive, Music Building – 550 Lucinda Avenue, Psych/Computer Science Building – 100 Normal Road, Visual Arts Building – 330 Gilbert Drive, and Founders Library – 217 Normal Road, located on the University’s DeKalb Campus, DeKalb, Illinois 60115; and (ii) pay certain costs of issuance of the Certificates. The educational facilities so refinanced are owned and operated by the Board.
The public hearing is required by Section 147(f) of the Internal Revenue Code of 1986, as amended. At the public hearing, residents, taxpayers and other interested persons will have the opportunity to express their views for or against the facilities to be refinanced and the proposed issuance of the Certificates. Speakers must limit their remarks to no more than five minutes. Written comments may also be submitted to Linda Odom, Office Administrator, Northern Illinois University, Division of Finance, Altgeld Hall, 595 College Avenue, Room 232, DeKalb, Illinois 60115, or via fax to (815) 753-1950, until 4:00 p.m. on April 7, 2014.
In accordance with the Americans with Disabilities Act (“ADA”), if any person with a disability (as defined by the ADA) needs special accommodations to participate in the public hearing, he or she should contact Linda Odom at (815) 753-1508 not later than April 7, 2014.
AGENDA FORMAT FOR MEETING
1. STATEMENT OF PURPOSE OF HEARING
2. PUBLIC COMMENTS, IF ANY *
* The Board and its committees comply with P.A. 91-0715 through its Bylaws, Article II, Section 5.B:
1. Consistent with Public Act 91-0715 and reasonable constraints determined by these Bylaws and the Chair, at each regular or special meeting of the Board or its committees that is open to the public, members of the public may request a brief time on the approved agenda of the meeting to address the Board on relevant matters within its jurisdiction.
2. Committees of the Board review University proposals for action and make adjustments and endorsements as appropriate for further consideration by the full Board. Public comments are generally most useful at meetings of Board committees, where proposals are first considered and the time for interaction most feasible.
3. To facilitate an orderly process, appearance requests must be registered on a Board-provided form and submitted to the Board’s Parliamentarian at least 45 minutes before the meeting is scheduled to be called to order. To be recognized, the appearance request will include the name, address and position of the individual wishing to speak, the name of the organization or group represented, a concise summary of the presentation, and whether the requestor has appeared earlier on the topic before any other meeting of the Board. The Parliamentarian may confer with registered speakers to cooperatively assist the Chair of the meeting in assuring coordinated issue presentation and an efficient use of allocated time. The Parliamentarian will acquaint requestors with the generally acceptable rules of decorum for their presentations. In lieu of oral presentations, individuals may present brief written materials not to exceed five (5) pages to the Parliamentarian for distribution and consideration by the Board in advance of the meeting.
4. The Chair of the meeting will recognize duly registered individuals at the appropriate point during the meeting. Unduly repetitive comments may be discouraged and restricted by the Chair. To assure an orderly and timely meeting the Chair may limit time allotments to five minutes or less, may delay or defer appearances when appropriate, and defer or refer questions received from presenters for answers if available.
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Media Contact: Paul Palian, NIU Media & Public Relations