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NOTICE OF PUBLIC HEARING

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General Information

Government Type
County
Entity
Davis County
Public Body
Davis County Commission

Notice Information

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Notice Title
NOTICE OF PUBLIC HEARING
Notice Subject(s)
Bonds
Notice Type(s)
Notice, Hearing
Event Start Date & Time
May 10, 2016 10:00 AM
Description/Agenda
NOTICE OF PUBLIC HEARING NOTICE IS HEREBY GIVEN that a public hearing will be held on Tuesday, May 10, 2016, at 10:00 A.M., in Room 303 of the Davis County Administration Building, 61 South Main Street, Farmington, Utah, by the Board of County Commissioners of Davis County, Utah (the 'County'), regarding a plan by Utah County, Utah (the 'Issuer') to issue its revenue bonds (the 'Bonds') in one or more series and in an aggregate principal amount not to exceed $155,000,000 with respect to facilities located in Davis County. The proceeds of the Bonds will be loaned to IHC Health Services, Inc., a Utah nonprofit corporation ('Intermountain'), and used, together with other available funds, to (i) finance, refinance or reimburse Intermountain for its prior payment of, the costs of acquiring, constructing and equipping certain of the health care facilities described below which are or will be owned by Intermountain, (ii) fund a debt service reserve fund, if deemed advisable by the Issuer and Intermountain, and (iii) pay certain expenses incurred in connection with the issuance of the Bonds, including any premium and fees associated with the credit or liquidity enhancement of the Bonds, if credit or liquidity enhancement is deemed advisable by the Issuer and Intermountain. The proceeds of the Bonds will be used to finance, refinance or reimburse Intermountain for the costs of acquiring, constructing, improving or renovating the facilities (including related land costs) listed below and the costs of acquiring equipment (including, but not limited to, medical equipment, computer equipment, office equipment and general building equipment and fixtures) to be used at the facilities listed below. A general functional description and the location of such facilities, and the estimated maximum aggregate face amount of Bonds to be issued with respect to each such facilities, are listed below: Davis County: (i) a new facility consisting of approximately 205,000 square feet of hospital space and approximately 115,000 square feet of medical clinic space located on a parcel of land consisting of approximately 36 acres on the Southeast corner of Flint Street and Layton Parkway, Layton, Utah - $130,000,000; and (ii) expansion of facilities at Bountiful Clinic, consisting of approximately 60,000 square feet of new medical clinic space located at 390 North Main Street, Bountiful, Utah - $25,000,000. The public hearing referred to above is required by Section 147(f) of the Internal Revenue Code of 1986, as amended (the 'Code'). Interested individuals are invited to express their views, either orally or in writing, on the proposed issuance of the Bonds. Comments at the public hearing are invited. Written comments may be submitted to the County at its offices located at the Davis County Administration Building, 61 South Main Street, Farmington, Utah 84025, Attention: County Attorney, until the commencement of the public hearing. Additional information can be obtained from the County at its office shown above. Subsequent to the public hearing, the Board of County Commissioners of the County will consider whether to approve the issuance of the Bonds for purposes of Section 147(f) of the Code. In accordance with the Americans with Disabilities Act, individuals needing special accommodations to participate in the public hearing should notify the Davis County Commission Office, at (801) 451-3200 prior to the meeting. DATED: April 21, 2016. DAVIS COUNTY, UTAH By /s/ John Petroff, Jr. Chair
Notice of Special Accommodations (ADA)
Pursuant to the Americans with Disabilities Act, individuals needing special accommodations during this meeting should notify the Davis County Commission Office at 801-451-3200 prior to the meeting.
Notice of Electronic or Telephone Participation
NA

Meeting Information

Meeting Location
61 South Main Street, Room 303
Farmington, 84025
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Contact Name
Rebecca Abbott
Contact Email
rabbot@co.davis.ut.us

Notice Posting Details

Notice Posted On
April 18, 2016 03:08 PM
Notice Last Edited On
April 18, 2016 03:08 PM

Download Attachments

File Name Category Date Added
Notice of Public Hearing- May 10, 2016.pdf Other 2016/04/18 03:03 PM


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