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

July 14, 2016 12:00 AM

Event End Date & Time

August 4, 2016 12:00 AM

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, that on July 13, 2016, 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 Federally Taxable/Convertible to Tax-Exempt Special Assessment Refunding Bonds (Towne Center Assessment Area), Series 2016 (the 'Series 2016 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). The Series 2016 Bonds will be issued for the purpose of (a) refunding its outstanding Special Assessment Bonds (Towne Center Assessment Area), Series 2010 (the 'Refunded Bonds'), (b) funding a debt service reserve fund, if necessary, and (c) paying costs of issuance of the Series 2016 Bonds. The Issuer intends to issue its Series 2016 Bonds, in the aggregate principal amount of not more than Fifteen Million Dollars ($15,000,000), to mature in not more than fourteen (14) 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 five and one-quarter percent (5.25%) per annum. The Series 2016 Bonds are to be issued and sold by the Issuer pursuant to the Resolution, including as part of said Resolution, an Indenture of Trust and Pledge (the 'Indenture') which was before the Council 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 Council in such form and with such changes thereto as shall be approved by the Designated Officer; provided that the principal amount, interest rate or rates, maturity, and discount of the Series 2016 Bonds will not exceed the maximums set forth above. A copy of the Resolution and the Indenture are on file in the office of the Herriman City Recorder, 13011 South Pioneer Street, Herriman, Utah, where they may be examined during regular business hours of the City Recorder from 7:30 a.m. to 5:30 p.m., Monday through Friday, for a period of at least thirty (30) days from and after the date of publication of this notice. DATED this July 13, 2016. /s/ Jackie Nostrom City Recorder

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
Herriman, 84096
Show in Apple Maps Show in Google Maps

Contact Name

Jackie Nostrom

Contact Email

jnostrom@herriman.org

Contact Phone

(801)446-5323

Notice Posting Details

Notice Posted On

July 14, 2016 12:49 PM

Notice Last Edited On

July 14, 2016 12:49 PM

Subscribe by Email

Subscription options will send you alerts regarding future notices posted by this Body.