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 BONDS TO BE ISSUED

Notice Subject(s)

Bonds

Notice Type(s)

Notice, Bond

Event Start Date & Time

April 9, 2014 12:00 PM

Event End Date & Time

May 9, 2014 12:00 PM

Description/Agenda

NOTICE OF BONDS TO BE ISSUED NOTICE IS HEREBY GIVEN pursuant to the provisions of the Utah Refunding Bond Act, Title 11, Chapter 27, Utah Code Annotated 1953, as amended (the ?Act?), that on April 8, 2014, the Board of County Commissioners (the ?Commission?) of Utah County, Utah (the ?Issuer?), adopted a resolution (the ?Resolution?) in which it authorized the issuance of the Issuer?s Sales Tax Revenue Refunding Bonds, Series 2014 (the ?Series 2014 Bonds?) (to be issued in one or more series and with such other series or title designation(s) as may be determined by the Issuer). PURPOSE FOR ISSUING THE SERIES 2014 BONDS The Series 2014 Bonds will be issued for the purpose of (a) refunding all or a portion of certain outstanding sales tax revenue bonds of the Issuer, (b) funding any required debt service reserve fund, and (c) paying costs of issuance of the Series 2014 Bonds. PARAMETERS OF THE SERIES 2014 BONDS The Issuer intends to issue its Sales Tax Revenue Refunding, Series 2014, in the aggregate principal amount of not more than Seven Million Dollars ($7,000,000), to mature in not more than seven (7) years from their date or dates, to be sold at a price not less than ninety-eight percent (98%) of the total principal amount thereof, and bearing interest at a rate or rates not to exceed 5.0% per annum. The Series 2014 Bonds are to be issued and sold by the Issuer pursuant to the Resolution, including as part of said Resolution, a General Indenture of Trust and a Supplemental Indenture of Trust (collectively, the ?Indenture?) which were before the Commission and attached to the Resolution in substantially final form at the time of the adoption of the Resolution and said Indenture is to be executed by the Commission in such form and with such changes thereto as shall be approved by the Commission; provided that the principal amount, interest rate or rates, maturity, and discount of the Series 2014 Bonds will not exceed the maximums set forth above. EXCISE TAXES PROPOSED TO BE PLEDGED The Issuer proposes to pledge 100% of the (i) Local Sales and Use Tax revenues received by the Issuer pursuant to Title 59, Chapter 12, Part 2 of Utah Code Annotated 1953, as amended, and (ii) County Option Sales and Use Tax revenues received by the Issuer pursuant to Title 59, Chapter 12, Part 11, Utah Code Annotated 1953, as amended, to the payment of the Series 2014 Bonds. A copy of the Resolution and the Indenture are on file in the office of the Utah County Clerk/Auditor, 100 East Center Street, Provo, Utah, where they may be examined during regular business hours of 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 date of publication of this notice. NOTICE IS FURTHER GIVEN that a period of thirty (30) days from and after the date of the publication of this notice is provided by law during which any person in interest shall have the right to contest the legality of the Resolution, the Indenture (but only as it relates to the Series 2014 Bonds), or the Series 2014 Bonds, or any provision made for the security and payment of the Series 2014 Bonds, and that after such time, no one shall have any cause of action to contest the regularity, formality, or legality thereof for any cause whatsoever. DATED this April 8, 2014. /s/ Bryan E. Thompson County Clerk/Auditor

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

100 East Center Street
Provo, UT, 84606
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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 08, 2014 06:26 PM

Notice Last Edited On

April 08, 2014 06:26 PM

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