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Cape Gazette
Lewes, Delaware
Jim's Towing Service
November 14, 2006     Cape Gazette
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PAGE 49     (49 of 52 available)        PREVIOUS     NEXT      Full Size Image
November 14, 2006
 

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CAPE GAZETTE - Tuesday, November 14 - Thursday, November 16 - 49 Continued from page 48 Continued on page 50 NOTICE OF PUBLIC HEARING BEFORE THE COUNCIL ON DEVELOPMENT .... FINANCE Public Notice is hereby given in accordance with Iitle 29, Sections 5055 and 10004 of the Delaware Code, as amended, and Section 147(0 of the Internal Revenue Code of 1986, as amended, that the Council on Development Finance (the "Council") will conduct a public hearing on Monday, November 27, 2006 at 9:00 A.M. at Buena Vista, 661 South DuPont Highway in New Castle, Delaware 19720, with respect to applications to The Delaware Economic Development Authority (the "Authority") for the issuance of bonds of the Authority and for the provision of other forms of financial support by the Authority in connection with the proposed financings of the projects, in the amounts and on behalf of the applicants identified below. The public is invited to attend 0nd participate in the hearing. In advance of the hearing, additional information concerning the applications to be considered at the hearing may be obtained from, and written comments may be submitted to, the Council in care of the Authority, 99 Kings Highway, Dover, Delaware 19901, (302) 739-4271. The Council intends to conduct a part of the hearing in one or more executive sessions closed to the public for the purpose of discussing certain confidential commercial and financial information submitted by the applicants for assistance that is not a public record within the meaning of Section 10002 of the Delaware Code. The agenda for the hearing, which is subject to change, is as follows: 1. Applicant: Delaware Hospice Inc. Amount of Proposed Issuance: Not to exceed at any time outstanding $7,000,000. Location: 0 Airport Road in Kent County, Delaware; Nature of Project and/or Plan of Financing and Description of the Type and Use of the Facilities to be Financed or Refinanced: The proceeds of the revenue bonds will be applied to make a loan to the Applicant to fund, or to reimburse the Applicant for, or to provide permanent financing for interim financing used for, one or more of the following undertakings (collectively, the "Project"): (1) the acquisition of 11.8 acres of land to design and construct thereon a new single story, approximately 35,000 sq. ft. wood frame building, which will provide sixteen private patient and family suites, a community resource center, family support and counseling center and offices for home-based services and administrative staff; (2) the costs of credit enhancement; and (3) the costs of issuance of the bonds. The Project will be owned and operated by the Applicant. 2. Applicant: Hockessin Montessori School - Wilmineton Montessori Association. lac., a Delaware corporation d/b/a Hockessin Montessori School; Amount of Pm. Issuance: Not to exceed at any time outstanding $2,200,000; Location: 1000 Old Lancaster Pike, HockessIn, Delaware 19707 (the "School"); Nature of Proi'ect and/or Plan of Financing and Description of the Type and Use of the Facility to be Financed: The proceeds of the revenue bonds will be applied to make a loan to the Applicant to fund, or to reimburse the Applicant for, or to provide permanent financing for interim financing used for, one or more of the following undertakings: 1) design and construction of a loop road around the School, additional parking and an athletic field; 2) capital improvements to the Applicant's existing facilities at the School, including a middle school classroom and science laboratory, renovations to the interior courtyard and a new standing seam metal roof; 3) refunding of existing tax-exempt bonds in the amount of approximately $580,000, which were originally issued to finance capital improvements to the Applicant's facilities at the School, including the construction of a library and gTmnasium/multi-purpose building; and 4) allowable costs of issuance of the bonds (collectively, the "Project"). The project will be owned and operated by the Applicant, The Applicant is a not for profit organization described in section 501(c)(3) of the Internal Revenue Code. Neither the members of the Authority nor any person executing the bonds described in items 1 and 2 above on behalf of the Authority shall be liable personally on such bonds by reason of their issuance and such bonds shall not be in any way a debt or liability of the State of Delaware or any political subdivision thereof, and shall not Create or constitute an indebtedness, liability or obligation of the State of Delaware or any political subdivision thereof other than the Authority. 3. Applicant: Otrest Pharmaceutical Services. LLC - The Applicant is requesting a grant in the amount of $220,000 from the Delaware Strategic Fund of the State of Delaware. The Applicant proposes to use the proceeds towards the cost of the expansion of its research facility located in Newark, Delaware. 4. Applicant: Volkswagen of America. Inc. - The Applicant, through the Diamond State Port Corporation ("Port"), is seeking a grant from the Delaware Strategic Fund in the amount of up to $500,000. The amount Of this Grant will be based on the number of vehicles discharged at the Port over the life of the Leases between the Diamond State Port Corporation and Volkswagen of America, Inc. IN THE SUPERIOR COURT OF THE STATE OF DELAWARE IN AND FOR SUSSEX COUNTY IN THE MATTER OF THE VACATION ) OF A PORTION OF AN UNNAMED DIRT ) ROAD ADJACENT TO CANAL ) CIVIL ACTION NO. BOULEVARD IN AND AROUND WEST ) REHOBOTH, LEWES REHOBOTH ) HUNDRED, SUSSEX COUNTY ) DELAWARE ) PETITION TO VACATE A PUBLIC STREET Please take notice that a Petition will be presented in the Superior Court of the State of Delaware in and for Sussex County at the Courthouse in Georgetown, Delaware at 11:00 in the morning on December 15th, 2006 to vacate a portion of an unnamed dirt road adjacent to Canal Boulevard in and around West Rehoboth, Lewes Rehoboth Hundred, Sussex County, Delaware. Christopher M. Holmon, Attorney for the Petitioners, 309 Rehoboth Avenue, Rehoboth Beach, Delaware 19971. \\; \\; \\; \\; Reasedr, eck(vlbox if opa'a m NOT weaing dr  Law enforcement agencies across the state are enfocing Delaware's seatbelt and child restraint law. , Motorim NOT BUCKLED UP can expect to receive a seatbett  tt aoltl  a  oatioo. . People v/no Buckle Up reduce thelr chence ol sumining m'ious eo modetm iniury  50 . Ihe Ddamm L Enform.ive Communy rmlnds you to BUCl(LE UP becaum we cate" SAVING LIVES by Enforcing the LAW!