Entity: Pleasant Grove
Body: City Council
| Subject: | Bonds |
| Notice Title: | Notice of Public Hearing for Bond Election |
| Meeting Location: | 86 East 100 South Pleasant Grove 84062 |
| Event Date & Time: |
September 17, 2013 September 17, 2013 06:00 PM |
| Description/Agenda: |
NOTICE OF PUBLIC HEARING
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 August 20, 2013, the City Council (the ?Council?) of Pleasant Grove City, Utah (the ?City?), adopted a resolution (the ?Resolution?) in which it authorized the calling of an election (the ?Election?) concerning the issuance of the City?s General Obligation Bonds (the ?Bonds?) and called a public hearing to receive input from the public with respect to (a) the issuance of the Bonds and (b) any potential economic impact that the improvements, facilities or properties financed in whole or in part with the proceeds of the Bonds (see below) may have on the private sector.
TIME, PLACE, AND LOCATION OF PUBLIC HEARING
The Council shall hold a public hearing on Tuesday, September 17, 2013, at the hour of 6:00 p.m. at 86 E. 100 So., Pleasant Grove, Utah. The purpose of the hearing is to receive input from the public with respect to (a) the issuance of the Bonds and (b) any potential economic impact that the improvements, facilities, or properties financed in whole or in part with the proceeds of the Bonds may have on the private sector. All members of the public are invited to attend and participate.
PURPOSE FOR ISSUING THE BONDS, MAXIMUM AMOUNT AND SECURITY
The Bonds are to be issued in the aggregate principal amount of not to exceed $16,960,000 for the purpose of financing all or a portion of the costs of constructing and furnishing a new fire station, police station and justice court facility and all related improvements, and paying costs of issuance of the Bonds. The Bonds shall be secured by ad valorem property taxes of the City to the extent authorized by law.
The Bonds may be issued in one or more series and be sold from time to time, all as the Council may determine.
CERTIFICATE OF POSTING:
I certify that the above notice was posted in three public places within the Pleasant Grove City limits and on the State (http://pmn.utah.gov) and City websites (www.plgrove.org).
Posted by: Kathy T. Kresser, City Recorder
Date: August 21, 2013
Time: 2:00 p.m.
Notice published in the Daily Herald on August 27 and September 3, 2013.
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| Notice of Special Accommodations: | NOTE: If you are planning to attend this public meeting and, due to a disability, need assistance in understanding or participating in the meeting, please notify the City Recorder, 801-785-5045, forty-eight in advance of the meeting and we will try to provide whatever assistance may be required. |
| Notice of Electronic or telephone participation: | NA |
| Other information: | |
| Contact Information: |
Wendy Thorpe wthorpe@pgcity.org |
| Posted on: | August 21, 2013 11:35 AM |
| Last edited on: | August 21, 2013 11:36 AM |