General Information

Government Type

County

Entity

Duchesne County

Public Body

Duchesne County Commission

Notice Information

Add Notice to Calendar

Notice Title

NOTICE OF PUBLIC HEARING AND BONDS TO BE ISSUED

Notice Type(s)

Notice, Meeting, Hearing

Event Start Date & Time

July 21, 2025 01:00 PM

Description/Agenda

NOTICE IS HEREBY GIVEN pursuant to the provisions of the Utah Interlocal Cooperation Act, Title 11, Chapter 14, Utah Code Annotated 1953, as amended, that on May 8, 2025, the Governing Board (the 'Governing Board') of Seven County Infrastructure Coalition, Utah (the 'Issuer') adopted an inducement resolution (the 'Resolution') in which it expressed its intent to issue Private Activity Bonds in the aggregate principal amount of not to exceed Two Billion Four Hundred Million Dollars ($2,400,000,000) (the 'Bonds') to finance, acquire, construct and equip a rail surface transportation and freight transfer facilities and related improvements from the Kyune, Utah area near Soldier Summit in Utah County to the Uinta Basin area (the 'Project'). The Project will be owned and operated in whole or in part by Drexel Hamilton Infrastructure Partners Fund II, LLC, or its affiliate Uintah Basin Railway Holdings, LLC, or an affiliate entity thereof, including Uinta Basin Railway, LLC and Uinta Basin Terminal, LLC (the 'Borrower'). NOTICE IS FURTHER GIVEN that the Board of Duchesne County Commissioners, the governing body of Duchesne County, Utah (the 'Board'), is one of the member counties of the Issuer. The Board hereby calls a public hearing with respect to the Bonds on July 21, 2025, at 1:00 p.m., located at 734 North Center Street, Duchesne, Utah 84021. The Project involves the financing, acquisition and construction of the rail and related improvements. All members of the public are invited to attend and participate in person or by written comment. The Bonds are to be issued pursuant to the Resolution and a Final Bond Resolution which authorizes an Indenture of Trust or similarly related document (collectively, 'Final Bond Resolution') to be adopted by the Issuer authorizing and confirming the sale of the Bonds for the purpose of financing the Project, establishing associated funds, and paying issuance expenses to be incurred in connection with the issuance and sale of the Bonds. The Bonds are to be issued and sold by the Issuer pursuant to the Resolution, including as part of said Resolution the draft of a Final Bond Resolution which was before the Governing Board and attached to the Resolution in substantially final form at the time of the adoption of the Resolution (collectively, the 'Bond Resolution') and said Final Bond Resolution is to be adopted by the Governing Board in such form and with such changes thereto as shall be approved by the Governing Board upon the adoption thereof. The proposed Bonds will not constitute general obligations of the Issuer, any of its member counties, the Board, the State of Utah or any public body. The Issuer will not be obligated to pay costs incurred in connection with the issuance of the Bonds nor will it be liable to make payments of interest or principal on the Bonds. A copy of the Resolution and the Final Bond Resolution are on file in the office of the Secretary of the Issuer at 751 E., 100 N., Price, Utah which is also the office of the Carbon County Clerk/Auditor, where they may be examined during regular business hours of the Carbon County Clerk/Auditor and Secretary from 8:00 a.m. to 5:00 p.m. for a period of at least thirty (30) days from and after the date of publication of this notice. NOTICE IS FURTHER GIVEN that a period of thirty (30) days from and after the date of the publication of this notice is provided by law during which any person in interest shall have the right to contest the legality of the Bond Resolution or the Bonds, or any provision made for the security and payment of the Bonds, and that after such time, other than referendum rights, no one shall have any cause of action to contest the regularity, formality or legality thereof for any cause whatsoever. This public hearing is required by the Federal Tax Reform Act of 1986. Comments at the public hearing are invited. Written comments may be submitted to the Board to its Commission Secretary at the offices of the Board at 734 North Center Street, Duchesne, Utah 84021. Additional information can be obtained from the Board by calling (435) 738-1139. DATED July 14, 2025. /s/ Melissa Hughes Commission Executive Assistant

Notice of Special Accommodations (ADA)

In compliance with the Americans with Disabilities Act, individuals needing special accommodations (including auxiliary communicative aids and services) during this meeting should notify the Duchesne County Clerk's Office 435-738-1103

Notice of Electronic or Telephone Participation

Pursuant to UCA 52-4-207 - no electronic or telephonic participation is available for the meeting.

Meeting Information

Meeting Location

734 North Center Street
Duchesne, UT 84021
Show in Apple Maps Show in Google Maps

Contact Name

Melissa Hughes

Contact Email

melissa.hughes@duchesne.utah.gov

Contact Phone

(435)738-1139

Notice Posting Details

Notice Posted On

July 14, 2025 01:58 PM

Notice Last Edited On

July 14, 2025 01:58 PM

Subscribe by Email

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