General Information

Government Type

Municipality

Entity

Cedar Hills

Public Body

City Council

Notice Information

Add Notice to Calendar

Notice Title

Public Hearing

Notice Subject(s)

Bonds

Notice Type(s)

Notice, Hearing

Event Start Date & Time

February 6, 2024 06:00 PM

Description/Agenda

CITY OF CEDAR HILLS, UTAH NOTICE OF PUBLIC HEARING WITH RESPECT TO UTILITY REVENUE BONDS PUBLIC NOTICE IS HEREBY GIVEN that the City Council (the 'Council') of the City of Cedar Hills, Utah (the 'City'), will hold a public hearing to receive input from the public with respect to the issuance of its Utility Revenue Bonds (the 'Bonds') to finance all or a portion of the cost of acquiring and constructing certain improvements (the 'Project') to the City's culinary water and pressurized irrigation system (the 'System') and the potential economic impact that the Project will have on the private sector, pursuant to the Local Government Bonding Act, Title 11, Chapter 14, Utah Code Annotated 1953, as amended (the 'Act'). PURPOSE FOR ISSUING BONDS The City intends to issue the Bonds for the purpose of (1) financing all or a portion of the costs of the acquisition, construction and improvement of the Project, (2) funding any necessary reserves and contingencies in connection with the Bonds, and (3) paying the costs incurred in connection with the issuance and sale of the Bonds. MAXIMUM PRINCIPAL AMOUNT OF THE BONDS The City intends to issue the Bonds in an aggregate principal amount not exceeding $3,000,000. UTILITY REVENUES PROPOSED TO BE PLEDGED The City proposes to pledge to the payment of the Bonds the net revenues from the System (the 'Net Revenues'). TIME, PLACE AND LOCATION OF PUBLIC HEARING The City will hold a public hearing during its City Council meeting that begins at 6:00 p.m. on February 6, 2024. The public hearing will be held at the regular meeting place of the Council at the Community Recreation Center,10640 N Clubhouse Drive, in Cedar Hills, Utah. All members of the public are invited to attend and participate in the public hearing. Written comments may be submitted to the City, to the attention of the City Recorder, prior to the public hearing. PURPOSE FOR HEARING The purpose of the hearing is to receive input from the public with respect to the issuance of the Bonds and the potential economic impact that the Project will have on the private sector. Posted this 10th day of January, 2024 /s/ Colleen A. Mulvey, City Recorder

Notice of Special Accommodations (ADA)

In accordance with the Americans with Disabilities Act, the City of Cedar Hills will make reasonable accommodations to participate in the meeting. Requests for assistance can be made by contacting the City Recorder at 801-785-9668 at least 48 hours in advance of the meeting to be held.

Notice of Electronic or Telephone Participation

This meeting may be held electronically via telephone to permit one or more of the council members to participate.

Meeting Information

Meeting Location

10640 N Clubhouse Drive
Cedar Hills, UT 84062
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Contact Name

Colleen A. Mulvey

Contact Email

cmulvey@cedarhills.org

Contact Phone

(801)785-9668

Notice Posting Details

Notice Posted On

January 10, 2024 11:14 AM

Notice Last Edited On

January 10, 2024 11:14 AM

Audio File Address

Audio File Location

https://www.cedarhills.org/page/agendas-audios-and-minutes

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