NOTICE OF BONDS TO BE ISSUED PUBLIC HEARING
NOTICE IS HEREBY GIVEN that the Fruitland Special Service District, Utah (the
'Issuer') has obtain a commitment from the Utah Permanent Community Impact Fund Board for
a grant in the amount of $1,825,000 and a loan, bearing interest at the rate or rates of 0.50% per
annum, in the amount of $425,000 for water system improvements, including water chlorination
and also the acquisition of water rights, and related improvements, and accordingly pursuant to the
provisions of the Utah Local Government Bonding Act, Title 11, Chapter 14, Utah Code Annotated
1953, as amended, that on October 16, 2025, the Board of Directors (the 'Board') of the Issuer
adopted a resolution (the 'Resolution') in which it authorized the issuance and sale of the Issuer's
Water Revenue Bonds, Series 2025B (herein, the 'Series 2025B Bonds') in an aggregate principal
amount not to exceed $650,000, to bear interest at a rate or rates not to exceed 0.50% per annum,
to mature in not more than thirty-five (35) years from their date or dates, and to be sold at a price
not less than ninety-nine percent (99%) of the total principal amount thereof. If the Series 2025B
Bonds are issued in the maximum amount for the maximum maturity then the amount to be repaid
will be approximately $708,668. However, if the Series 2025B Bonds are issued in the amount
approved by the Community Impact Board of $425,000 for a 30-year term then the amount to be
repaid will be 458,820. The Issuer currently has no more than $799,000 in outstanding water
revenue bonds. As water revenue bonds, no taxes will be pledged to secure the Series 2025B
Bonds.
NOTICE IS FURTHER GIVEN that the Issuer called a public hearing for the purpose of
inviting public comment on the proposed issuance of the Series 2025B Bonds and the economic
impact that the improvements proposed to be financed with the Series 2025B Bonds will have on
the private sector. No taxes will be pledged to secure the Series 2025B Bonds. The public hearing
will be held on November 13, 2025, at 10:00 a.m., or as soon thereafter as feasible, at the Fruitland
Special Service District Offices located at 6186 South 45000 West in Fruitland, Utah.
The Series 2025B Bonds will be issued pursuant to the Resolution and a Final Bond
Resolution to be adopted authorizing and confirming the sale of the Series 2025B Bonds (the
'Final Bond Resolution') for the purposes of (i) financing improvements to the Issuer's water
system, and related matters, and (ii) paying the costs of issuing the Series 2025B Bonds.
A draft of the Final Bond Resolution in substantially final form was before the Board and
was part of the Resolution at the time of the adoption of the Resolution by the Board (collectively,
the 'Bond Resolutions'). The Final Bond Resolution is to be adopted by the Board in such form
and with such changes thereto as shall be approved by the Board upon the adoption thereof;
provided that the principal amount, the interest rate, maturity and discount of the Series 2025B
Bonds will not exceed the maximums set forth above.
Copies of the Bond Resolutions are on file in the office of the Clerk of the Issuer in
Fruitland, Utah, where they may be examined during regular business hours, i.e., between11:00
a.m. and 3:00 p.m. Monday through Friday, for at least thirty (30) days from and after the date of
publication of this notice.
NOTICE IS FURTHER GIVEN that, for a period of thirty (30) days from and after the
date of the publication of this notice, any person in interest shall have the right to contest the
legality of the Bond Resolutions or the Series 2025B Bonds, or any provision made for the security
and payment of the Series 2025B Bonds by filing a verified written complaint in the district court
of their county of residence, and that after such 30-day period, other than referendum rights no one
shall have any cause of action to contest the regularity, formality or legality thereof for any reason.
DATED: October 16, 2025.
/s/ Judy Wilkerson_________
Clerk
Notice of Special Accommodations (ADA)
NOTICE OF SPECIAL ACCOMMODATION DURING PUBLIC MEETINGS
In compliance with the Americans with Disabilities Act, individuals needing special accommodations (including auxiliary communicative aids and services) during this meeting should notify Judy Wilkerson at helpdesk@fssdutah.gov or 435-548-2399.