General Information

Government Type

County

Entity

Utah County

Public Body

Board of Commissioners of Utah County

Notice Information

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Notice Title

NOTICE OF PUBLIC HEARING AND BONDS TO BE ISSUED

Notice Subject(s)

Administrative Rules and Procedures

Notice Type(s)

Notice, Hearing, Bond

Event Start Date & Time

April 22, 2014 07:00 PM

Description/Agenda

NOTICE OF PUBLIC HEARING AND BONDS TO BE ISSUED ALPINE COVE WATER SPECIAL SERVICE DISTRICT, UTAH NOTICE IS HEREBY GIVEN pursuant to the provisions of the Utah Local Government Bonding Act, Title 11, Chapter 14, Utah Code Annotated 1953, as amended (the ?Bonding Act?), that on April 3, 2014, the Administrative Control Board of the Alpine Cove Water Special Service District, Utah (the ?Issuer?), adopted a resolution (the ?Resolution?) in which it called a public hearing and authorized the issuance of the Issuer's Water Revenue Bonds, Series 2014 (the ?Series 2014 Bonds?) in the aggregate principal amount of not to exceed $75,000, to bear interest at a rate or rates of not to exceed 6.00% per annum, to mature in not more than 11 years from their date or dates, at a price not less than ninety-seven percent (97%) of the total principal amount thereof, plus accrued interest to the date of delivery. The purpose of the Bonds is to purchase certain water rights and related matters (the ?2014 Project?). The Issuer has no other bonds outstanding that are secured by its water revenues. The estimated total cost to the Issuer for the proposed Bonds, if the Bonds are held until maturity based on the maximum interest rate above is $103,000. NOTICE IS FURTHER GIVEN that the Administrative Control Board of the Alpine Cove Water Special Service District, Utah, calls a public hearing for April 22, 2014, at 7:00 p.m., or as soon thereafter as feasible, at 13528 Alpine Cove Dr., Alpine, Utah to receive input from the public with respect to the issuance of the Bonds and the potential economic impact that the facilities and related improvements (the 2014 Project) to be paid for in whole or in part with the Bonds will have on the private sector. The maximum amount, interest rate, maturity, and discount on the Bonds will be as set forth above. As water revenue bonds, general ad valorem (real) property taxes are not proposed to be pledged for repayment of the Bonds, however the net revenues of the Issuer?s water system will be pledged. The Bonds will be issued pursuant to a Final Bond Resolution to be adopted authorizing and confirming the sale of the Bonds for the purposes of (i) funding the 2014 Project, and (ii) paying the costs of issuance of the Bonds. The Final Bond Resolution will be adopted by the Board in such form and with such changes thereto as shall be approved by the Board upon the adoption thereof; provided that the principal amount, interest rate, maturity and discount of the Bonds will not exceed the maximums set forth above. Copies of the Final Bond Resolution are on file in the office of the Clerk of the Issuer at the Issuer?s office at 13528 Alpine Cove Drive in Alpine, Utah and in the office of the County Clerk/Auditor at 100 East Center Street in Provo, Utah, where they may be examined during regular business hours of the Issuer?s Clerk upon prior appointment by calling Mr. Drew Empey at (801) 492-7861 and the County Clerk/Auditor from 8:00 a.m. to 5:00 p.m. Monday through Friday for a period of at least thirty (30) days from and after the last publication of this Notice. NOTICE IS HEREBY GIVEN that a period of thirty (30) days from and after the public hearing is provided by law during which any person in interest shall have the right to contest the legality of the Final Bond Resolution, or the Bonds, or any provision made for the security and payment of the Bonds by filing a verified written complaint in the district court of the county in which he/she resides, and that after such time, other than referendum rights no one shall have any cause of action to contest the regularity, formality or legality thereof for any cause whatsoever. /s/ Dan Anderson District Clerk

Notice of Special Accommodations (ADA)

NOTICE OF SPECIAL ACCOMMODATION DURING PUBLIC MEETINGS In compliance with the Americans with Disabilities Act, individuals needing special accommodations (including auxiliary communicative aids and services) during this meeting should notify Renee Huggins-Caron at 801-851-8111. Handicap parking is available, as well as a level entrance to the building. Interpretation services are available with prior notice for the hearing disabled.

Notice of Electronic or Telephone Participation

Electronic/telephone participation is available for board members.

Meeting Information

Meeting Location

13528 Alpine Cove Drive
Alpine, UT, 84004
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Contact Name

Alice Black

Contact Email

aliceb@utahcounty.gov

Contact Phone

(801)851-8111

Notice Posting Details

Notice Posted On

April 04, 2014 04:52 PM

Notice Last Edited On

April 04, 2014 04:52 PM

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