NOTICE OF INTENT TO ISSUE SEWAGE DISPOSAL SYSTEM REVENUE BONDS TO THE ELECTORS OF THE CITY OF EAST LANSING

PLEASE TAKE NOTICE that the City Council of the City of East Lansing (the “City”) intends to issue bonds, in one or more series, in an amount of not to exceed $51,000,000 (the “Bonds”).
The Bonds shall be issued to pay the cost to design, purchase, acquire and construct improvements to the City’s Sewage Disposal System, including without limitation: (1.) the separation of combined sewers in the River Street, Waters Edge, Woodmere Street, Gunson Street, Milford Street, and Wilmarth Area, through the conversion of existing combined sewers to either separate storm sewers or sanitary sewers and the construction of new complimentary storm sewers or sanitary sewers as appropriate, relocation of water mains as necessary, the reduction of sanitary sewer and combined sewer overflows to the Red Cedar River, stormwater quality improvements, and the construction of a flow control structure; (2.) improvements to the Water Resource Recovery Facility (WRRF) administration and controls building, including without limitation, repurposing of building spaces occupied by obsolete and abandoned equipment previously used for incineration, solids storage, solids dewatering, and handling processes in order to construct staff offices, a central control operations center, and laboratory improvements; provide ADA improvements; provide equitable facilities for female employees; utilization of excess heat from the combined heat and power unit to heat the administration building and galleries; and upgrading the laboratory and the sampling system; and (3.) improvements to the WRRF treatment system’s operations and controls, including without limitation, solids handling piping modifications and instrumentation improvements, improvements to the aeration tank instrumentation and controls, modifications to the WRRF effluent reaeration chamber, RAS headbox modifications, construction of a vactor dump station, and modifications to the equalization basin; as well as all work, equipment, and appurtenances necessary or incidental to these improvements and such other improvements to the Sewage Disposal System as the City may determine to make (the “Improvements”), and to finance the Improvements by the issuance of bonds pursuant to Act 94, Public Acts of Michigan, 1933, as amended (“Act 94”);
The Bonds of this issue shall mature within the maximum terms permitted by law with interest on the unpaid balance at a rate not to exceed the maximum rate permitted by law payable over not more than forty (40) years from the date of issuance of the Bonds. The Bonds shall be issued pursuant to Act 94, Public Acts of Michigan, 1933, as amended.
SOURCE OF PAYMENT
The principal of and interest on the Bonds shall be payable from the net revenues derived from the operation of the Sewage Disposal System. In addition, the Bonds may be secured by the full faith and credit of the City as limited by applicable constitutional, statutory and charter limitations on the taxing power of the City. In addition, the Bonds may be secured by a pledge of the state revenue sharing payments that the City is eligible to receive from the State of Michigan.
RIGHT OF REFERENDUM

The Bonds will be issued without a vote of the electors approving such Bonds, unless, within 45 days from the date of publication of this Notice of Intent, a petition requesting a referendum, signed by not less than 10% or 15,000 of the registered electors residing within the limits of the City, whichever is lesser, shall have been filed with the Clerk of the City or other recording officer of the City requesting a referendum upon the question of the issuance of the Bonds. If such a petition is filed, the Bonds shall not be issued until approved by the vote of a majority of the electors residing within the City qualified to vote and voting thereon at a general or special election.
This Notice is published pursuant to the requirements of Section 33 of Act 94.
Amy Gordon, Interim Clerk
CP#25-082