General Information

Government Type

Municipality

Entity

Holladay

Public Body

Local Building Authority (LBA)

Notice Information

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Notice Title

NOTICE OF INTENT TO ISSUE A LEASE REVENUE BOND AND PUBLIC HEARING

Notice Type(s)

Notice, Hearing, Bond

Event Start Date & Time

November 6, 2025 06:00 PM

Description/Agenda

NOTICE OF INTENT TO ISSUE A LEASE REVENUE BOND AND PUBLIC HEARING PUBLIC NOTICE IS HEREBY GIVEN pursuant to the provisions of the Local Building Authority Act, Title 17D, Chapter 2, Utah Code Annotated 1953, as amended, and the Local Government Bonding Act, Title 11, Chapter 14, Utah Code, as amended (together, the 'Act'), that the Governing Board (the 'Governing Board') of the Local Building Authority of the City of Holladay, Utah (the 'Authority') intends to issue its Lease Revenue Bonds, Series 2025 (the 'Series 2025 Bonds') and will hold a public hearing to provide members of the public desiring to be heard an opportunity to present testimony on the proposed issuance of the Series 2025 Bonds in accordance with Sections 11-14-103 and 17D-2-501 of the Utah Code Annotated 1953, as amended. Said public hearing will be held on November 6, 2025, at 6:00 p.m., at 4580 South 2300 East, Holladay, Utah. The purpose of the Series 2025 Bonds is to provide funds to (a) finance all or a portion of the costs of (i) the acquisition and construction of a park and recreation facility and all related improvements, (ii) the renovation, retrofit and improvements of a city hall, including seismic upgrades and related improvements and (iii) the improvements to other city facilities, including parks and roadways and related improvements (collectively, the 'Series 2025 Project'); (b) fund any required debt service reserve fund; and (c) pay costs associated with the issuance of the Series 2025 Bonds. The length of term of the Series 2025 Bonds shall not exceed 25 years. The average annual amount that the Authority will be required to pay in principal and interest on the Series 2025 Bonds is $1,025,000. The intended lessee of the facility to be constructed using proceeds from the Series 2025 Bonds is the City of Holladay, Utah (the 'City') and the expected annual amount of lease payments that the City will pay is $1,025,000. The Authority anticipates taking action on the proposal to issue the Series 2025 Bonds directly following the public hearing at the same meeting listed above. DATED this September 18, 2025. /s/ Stephanie Carlson Secretary-Treasurer CERTIFICATE OF POSTING I, Stephanie N. Carlson, the City Recorder of the City of Holladay, certify that the above agenda notice was posted at City Hall, the City website www.holladayut.gov, the Utah Public Notice website www.utah.gov/pmn, and was emailed to the Salt Lake Tribune and Desert News and others who have indicated interest. DATE POSTED: Tuesday, September 16, 2025 @ 4:30pm Stephanie N. Carlson MMC City Recorder City of Holladay Reasonable accommodations for individuals with disabilities or those needing language interpretation services can be provided upon request. For assistance, please call the City Recorder's office at 272-9450 at least three days in advance. TTY/TDD number is (801)270-2425 or call Relay Utah at #7-1-1

Notice of Special Accommodations (ADA)

Reasonable accommodations for individuals with disabilities or those needing language interpretation services can be provided upon request. For assistance, please call the City Recorder's office at 272-9450 at least three days in advance. TTY/TDD number is (801)270-2425 or call Relay Utah at #7-1-1

Notice of Electronic or Telephone Participation

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Meeting Information

Meeting Location

4580 S 2300 E
Holladay, UT 84117
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Contact Name

Stephanie Carlson

Contact Email

scarlson@holladayut.gov

Notice Posting Details

Notice Posted On

September 22, 2025 11:02 AM

Notice Last Edited On

September 22, 2025 11:02 AM

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