NYC Bonds

NOTICE OF PUBLIC HEARING

The City of New York (the “City”) is proposing to issue one or more issues of its tax exempt general obligation bonds (the “Refunding Bonds”), the proceeds of which will be used to refund all or a portion of outstanding general obligation bonds of the City dated: April 11, 2024, March 7, 2024, June 13, 2023, March 14, 2023, February 28, 2023, April 12, 2022, October 15, 2020, September 9, 2020, February 25, 2020, March 19, 2019, December 18, 2018, August 22, 2018, April 19, 2018, March 13, 2018, December 20, 2017, October 3, 2017, August 10, 2017, February 22, 2017, May 27, 2016, March 10, 2016, August 13, 2015, June 18, 2015, March 31, 2015, September 4, 2014, June 23, 2014, March 25, 2014, December 19, 2013, October 16, 2013, June 11, 2013, March 19, 2013, January 3, 2013, October 23, 2012, March 8, 2012, December 21, 2010, October 20, 2010, August 20, 2008, April 23, 2008, April 1, 2008, October 4, 2007, August 15, 2007, April 11, 2006, December 22, 2005, September 22, 2005, August 17, 2005, June 2, 2005, April 28, 2005, November 10, 2004, July 29, 2004, February 26, 2004, July 14, 2003, January 22, 2003, June 3, 2002, April 1, 1998, November 18, 1997, January 28, 1997, February 15, 1996, or June 1, 1990 (collectively, the “Refunded Bonds”) if issuance of such Refunding Bonds is approved by the Mayor and the Comptroller of the City. The maximum amount of the Refunding Bonds is $4 billion.

The proceeds of the Refunded Bonds were used for one or all of the following purposes: (i) to provide generally for urban renewal, payment of judgments and claims, the acquisition, construction, reconstruction, renovation or improvement of bridges, tunnels, buildings, recreational areas, pedestrian malls, water and sewer systems, solid waste management resource recovery facilities, solid waste and water pollution control systems, docks, piers and wharfs, rapid transit, highways, parking areas and traffic systems, motor vehicles, land and other general municipal capital purposes (the “Projects”) as more fully described in the appropriate Adopted Budget of the City, on file in the Offices of the Comptroller and the City Clerk, or (ii) to refund general obligation bonds of the City originally issued for such Projects described in (i) above. At the time of issuance of the Refunded Bonds, the Projects were owned or operated by, or for the benefit of, the City and located throughout its five boroughs or were established to service such five boroughs.

Please take notice that the City will hold a public hearing at the offices of the Law Department of the City, 100 Church Street, 5th Floor, Room 5-152, New York, New York 10007 on Friday, June 21, 2024, at 10:00 a.m. EDT, at which time any person may be heard regarding the proposed issuance of the Refunding Bonds. To attend the meeting, please arrive at 100 Church Street prior to the start of the meeting and inform the security officer at the lobby desk that you are attending the public hearing at the aforementioned location. If there are any issues please contact Michael Moore at 212-356-2517.

Any person wishing to comment in writing on the proposed issuance of the Refunding Bonds should do so by e-mailing their comments to mmoore@law.nyc.gov, no later than 9:30 a.m. EDT on June 21, 2024. Any person wishing to speak at the hearing should register to do so by sending an e-mail to mmoore@law.nyc.gov, no later than 5:00 p.m. EDT on June 20, 2024. Each person who timely registers to speak at the hearing will be permitted to do so for a period not to exceed three minutes.