General Information

Government Type

Municipality

Entity

Monticello

Public Body

City Council

Notice Information

Add Notice to Calendar

Notice Title

City Council Public Hearing

Notice Type(s)

Notice, Meeting, Hearing, Bond

Event Start Date & Time

July 22, 2025 07:00 PM

Event End Date & Time

July 22, 2025 07:30 PM

Event Deadline Date & Time

07/22/25 01:00 PM

Description/Agenda

NOTICE TO USERS OF THE SYSTEM REQUEST FOR PUBLIC COMMENT ON LOAN APPLICATION TO THE PERMANENT COMMUNITY IMPACT FUND BOARD Monticello City (the 'Issuer') has applied to the State of Utah, Permanent Community Impact Fund Board ('CIB') for a loan (the 'Loan') to be used in financing all or a portion of the cost of the acquisition Spring Creek water rights (the 'Project'). The City Council of the Issuer (the 'Council') has determined that the Project is necessary to preserve the sources and supply of water in the Issuer's water system (the 'System'). Security for the Loan would be provided through the sale of a non-voted Water Revenue Bond (the 'Bond') to CIB. The Bonds will be issued for a total of $258,000, which amount will be repaid to the CIB over a period of 30 years with an interest rate of 0.50%. Payments will be made from the net revenues of the System. It is not expected that the Issuer's water rates will increase in order to pay for the Project. It is the policy of the CIB to provide a 15-day period for public comment prior to the purchase of any non-voted Water Revenue Bonds. In this regard, the Council is soliciting the comments of the users of the System (either favorable or negative). Interested individuals are encouraged to respond in writing by July 22, 2025. All written comments received prior to that date will be reviewed by the CIB prior to the final decision on whether to proceed with the Bond purchase. Comments should be addressed to the Issuer: Monticello City PO Box 457 Monticello, Utah 84535 In addition, the Issuer will hold and conduct a public hearing on July 22, 2025, at a meeting commencing at 7:00 p.m. to receive input from the public with respect to the Bonds and the Project. The public hearing will be held at the Hideout Community Center, 648 S Hideout Way, in Monticello, Utah. All members of the public are invited to attend and participate in the public hearing. In accordance with the Americans with Disabilities Act, anyone needing special accommodations to attend this Public Hearing may contact the City Office, 435-587-2271, at least three days prior to the hearing. Thank you for your consideration in this matter Sincerely, /s/Melissa Gill CMC, UCC Recorder

Notice of Special Accommodations (ADA)

THE PUBLIC IS INVITED TO ATTEND ALL CITY MEETINGS Monticello City Council holds meetings on the 2nd and 4th Tuesdays of each month, unless otherwise posted, at the Hideout Community Center, 648 S Main, beginning promptly at 7:00 p.m. In accordance with the Americans with Disabilities Act, anyone needing special accommodations to attend a meeting may contact the City Office, 587-2271, at least three working days prior to the meeting. City Council may adjourn to closed session by majority vote, pursuant to Utah Code Section 52-4-4 & 5.

Notice of Electronic or Telephone Participation

NA

Meeting Information

Meeting Location

648 S Hideout Way
Monticello, UT 84535
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Contact Name

Melissa Gill

Contact Email

melissa@monticelloutah.org

Notice Posting Details

Notice Posted On

June 25, 2025 03:24 PM

Notice Last Edited On

June 25, 2025 03:24 PM

Deadline Date

July 22, 2025 01:00 PM

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