CITY OF NORTON, VIRGINIA TO PROPOSE FOR PASSAGE A RESOLUTION AUTHORIZING THE ISSUANCE OF A GENERAL OBLIGATION TAXABLE LINE OF CREDIT

February 13, 2020

NOTICE OF

PUBLIC HEARING

CONCERNING THE

INTENTION OF THE

CITY OF NORTON, VIRGINIA TO PROPOSE FOR

PASSAGE A RESOLUTION AUTHORIZING THE

ISSUANCE OF A

GENERAL OBLIGATION

TAXABLE LINE OF CREDIT NOTE IN A PRINCIPAL AMOUNT NOT TO EXCEED $3,000,000

Notice is hereby given to all interested persons of a public hearing of the City Council (the “City Council”) of the City of Norton, Virginia (the “City”), to be held on Tuesday, March 3, 2020 at 6:00 p.m. in Council Chambers, 618 Virginia Ave. NW, Norton, VA 24273, concerning the intention of the City Council to propose for passage a resolution entitled “A Resolution of the City of Norton, Virginia, Authorizing the Issuance and Sale of a Not to Exceed $3,000,000 General Obligation Taxable Line of Credit Note, Series 2020, and Providing for the Form, Details and Payment Thereof,” authorizing the issuance of a taxable line of credit note of the City in the estimated maximum amount of $3,000,000. The proposed use of the taxable line of credit note is to be used if and as needed to provide an easily accessed source of liquidity for general needs of the City. Persons may appear and present their views at the public hearing. A copy of the full text of the resolution is on file in the office of the City Manager of the City of Norton, at 618 Virginia Ave. NW, Norton, Virginia 24273 and is available for public inspection during normal business hours. Anyone needing assistance or accommodation under the provisions of the Americans with Disabilities Act should call the City Manager's Office at (276) 679-1160 at least five (5) days in advance of the public hearing.

CITY COUNCIL

CITY OF NORTON, VIRGINIA