General Information

Government Type

Municipality

Entity

Herriman

Public Body

City Council

Notice Information

Add Notice to Calendar

Notice Title

Public Notice

Notice Subject(s)

Bonds

Notice Type(s)

Notice

Event Start Date & Time

May 20, 2014 05:26 PM

Event End Date & Time

May 22, 2014 07:26 PM

Description/Agenda

PUBLIC NOTICE OF NOTES TO BE ISSUED NOTICE IS HEREBY GIVEN pursuant to the provisions of the Local Government Bonding Act, Title 11, Chapter 14, Utah Code Annotated 1953, as amended, that on May 22, 2014, the City Council (the ?Council?) of Herriman City, Utah (the ?Issuer?), adopted a resolution (the ?Resolution?) in which it authorized the issuance of the Issuer?s Water Revenue Bond Anticipation Notes, Series 2014 (the ?Series 2014 Notes?) (to be issued in one or more series and with such other series or title designation(s) as may be determined by the Issuer). The Series 2014 Notes will be issued for the purpose of (a) financing the acquisition and construction of improvements to the Issuer?s water system and related improvements (collectively, the ?Project?), (b) funding a deposit to a debt service reserve fund, if necessary, and (c) paying costs of issuance of the Series 2014 Notes. The Series 2014 Notes are special limited obligations of the Issuer payable from the net revenues of the Issuer?s water system and the anticipated issuance of water revenue bonds as described in the Indenture (defined below). The Issuer intends to issue its Water Revenue Bond Anticipation Notes, Series 2014 in the aggregate principal amount of not more than Seven Million Dollars ($7,000,000), to mature in not more than two (2) 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 three percent (3.0%) per annum. The Series 2014 Notes are to be issued and sold by the Issuer pursuant to the Resolution, including as part of said Resolution, a General Indenture of Trust (the ?General Indenture?), and a Supplemental Indenture of Trust (the ?Supplemental Indenture? and together with the General Indenture, the ?Indenture?) which were before the Council and attached to the Resolution in substantially final form at the time of the adoption of the Resolution and said Supplemental Indenture is to be executed by the Council in such form and with such changes thereto as shall be approved by the Mayor or Mayor pro tem; provided that the principal amount, interest rate or rates, maturity, and discount of the Series 2014 Notes will not exceed the maximums set forth above. /s/Herriman City Council

Notice of Special Accommodations (ADA)

In accordance with the Americans with Disabilities Act, Herriman City will make reasonable accommodation for participation in the meeting. Request assistance by contacting Herriman City at (801) 446-5323, providing at least 48 hours advance notice of the meeting.

Notice of Electronic or Telephone Participation

Electronic or Telephonic Participation may be used if needed from time to time. Public notice will be provided pursuant to UCA 52-4-207

Meeting Information

Meeting Location

13011 South Pioneer Street
(6000 West)
Herriman, 84096
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Contact Name

Jackie Nostrom

Contact Email

jnostrom@herriman.org

Contact Phone

(801)446-5323

Notice Posting Details

Notice Posted On

May 19, 2014 05:27 PM

Notice Last Edited On

May 19, 2014 05:27 PM

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