General Information

Government Type

Municipality

Entity

Clinton

Public Body

City Council

Notice Information

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Notice Title

NOTICE OF PUBLIC HEARING AND BONDS TO BE ISSUED

Notice Type(s)

Notice

Event Start Date & Time

December 1, 2025 12:50 PM

Description/Agenda

NOTICE OF PUBLIC HEARING AND BONDS TO BE ISSUED NOTICE IS HEREBY GIVEN pursuant to the provisions of the Local Government Bonding Act, Title 11, Chapter 14, Utah Code Annotated 1953, as amended (the 'Act'), that on November 12, 2025, the City Council (the 'Council') of Clinton City, Utah (the 'Issuer'), adopted a resolution (the 'Resolution') in which it authorized the issuance of the Issuer's Water Revenue Bonds, Series 2026 (the 'Series 2026 Bonds') (to be issued in one or more series and with such other series or title designation(s) as may be determined by the Issuer) and called a public hearing to receive input from the public with respect to the issuance of the Series 2026 Bonds. PURPOSE, TIME, PLACE AND LOCATION OF PUBLIC HEARING The Issuer shall hold a public hearing on January 13, 2026, at the hour of 6:00 p.m., or as soon thereafter as possible, at 2267 N 1500 W, Clinton, Utah. The purpose of the hearing is to receive input from the public with respect to (a) the issuance of the Series 2026 Bonds and (b) any potential economic impact that the project to be financed with the proceeds of the Series 2026 Bonds may have on the private sector. All members of the public are invited to attend and participate. PURPOSE FOR ISSUING THE SERIES 2026 BONDS The Series 2026 Bonds will be issued for the purpose of (a) financing all or a portion of costs of improvements to the Issuer's water system (the 'System') and all related improvements (collectively, the 'Project'), (b) funding any required debt service reserve fund, and (c) paying costs of issuance of the Series 2026 Bonds. REVENUES TO BE PLEDGED The Series 2026 Bonds are special limited obligations of the Issuer payable from the net revenues of the Issuer's water system (the 'System'). PARAMETERS OF THE SERIES 2026 BONDS The Issuer intends to issue the Series 2026 Bonds in the aggregate principal amount of not more than Three Million Nine Hundred Thousand Dollars ($3,900,000), to mature in not more than thirty-two (20) years from their date or dates, to be sold at a price not less than ninety-eight percent (98%) of the total principal amount thereof, and bearing interest at a rate or rates not to exceed four percent (4%) per annum. The Series 2026 Bonds are to be issued and sold by the Issuer pursuant to the Resolution, a Master Resolution (the 'Master Resolution'), s form of which was before the Council and in substantially final form at the time of the adoption of the Resolution and said Master Resolution is to be executed by the Council in such form and with such changes thereto as shall be approved by the Mayor (or Mayor Pro Tem) or the City Manager; provided that the principal amount, interest rate or rates, maturity, and discount of the Series 2026 Bonds will not exceed the maximums set forth above. OUTSTANDING BONDS SECURED BY REVENUES Other than the proposed Series 2026 Bonds, the Issuer does not currently have any outstanding bonds secured by the net revenues of the System. OTHER OUTSTANDING BONDS OF THE ISSUER The Issuer has no other outstanding bonds. Information may be found in the Issuer's audited financial report (the 'Financial Report') available on the Issuer's official website at: https://www.clintoncity.net/DocumentCenter/View/4495/Clinton-City-FY24-Audited-Financial-Statements. For additional information more recent than as of the date of the Financial Report please contact Trevor Cahoon, City Manager at (801) 654-0757. TOTAL ESTIMATED COST Based on an estimate of the current interest rate and financing plan, the estimated total debt service cost of the Series 2026 Bonds, if held until maturity is $5,337,685. A copy of the Resolution and the form of the Master Resolution are on file in the office of the Clinton City Recorder, 2267 N. 1500 W., Clinton, Utah, where they may be examined during regular business hours of the City Recorder from 8 a.m. to 5:00 p.m. Monday through Friday, 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 posting of this notice is provided by law during which (i) any person in interest shall have the right to contest the legality of the Resolution, the Master Resolution, or the Series 2026 Bonds, or any provision made for the security and payment of the Series 2026 Bonds, and that after such time, no one shall have any cause of action to contest the regularity, formality, or legality thereof for any cause whatsoever and (ii) registered voters within Clinton, Utah, may sign a written petition requesting an election to authorize the issuance of the Series 2026 Bonds. If written petitions which have been signed by at least 20% of the registered voters of Clinton City, Utah, are filed with the Issuer during said 30-day period, the Issuer shall be required to hold an election to obtain voter authorization prior to the issuance of the Series 2026 Bonds. If fewer than 20% of the registered voters of Clinton City, Utah, file a written petition during said 30-day period, the Issuer may proceed to issue the Series 2026 Bonds without an election. DATED this December 1, 2025. /s/ Lisa Titensor City Recorder

Notice of Special Accommodations (ADA)

NA

Notice of Electronic or Telephone Participation

NA

Meeting Information

Meeting Location

2267 N 1500 W
2267 N 1500 W
Clinton, UT 84015
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Contact Name

Lisa Titensor

Contact Email

ltitensor@clintoncity.com

Contact Phone

(801)614-0700

Notice Posting Details

Notice Posted On

December 01, 2025 12:53 PM

Notice Last Edited On

December 01, 2025 12:53 PM

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