General Information

Government Type

Special Service District

Entity

Holiday Hills Water District

Public Body

Holiday Hills Water District Board

Notice Information

Add Notice to Calendar

Notice Title

Public Hearing

Notice Type(s)

Hearing

Event Start Date & Time

January 10, 2026 02:00 PM

Event End Date & Time

January 10, 2026 04:00 PM

Description/Agenda

NOTICE OF PUBLIC HEARING AND BONDS TO BE ISSUED NOTICE IS HEREBY GIVEN pursuant to the provisions of the Utah Local Government Bonding Act, Title 11, Chapter 14, Utah Code Annotated 1953, as amended, that on December 20, 2025, the District Board (the 'District') of the Holiday Hills Water District, Utah County, Utah (the 'Issuer') adopted a resolution (the 'Resolution') in which it authorized the issuance and sale of the Issuer's Taxable Water Revenue Bonds, in one or more series (the 'Bonds'), in an aggregate repayable principal amount not to exceed $900,000, bearing no interest (0%) per annum, to mature in not more than forty (40) years from their date or dates, and to be sold at a price not less than 99% of the total principal amount thereof, plus accrued interest, if any. The estimated total cost to the Issuer for the proposed Bonds, if the Bonds are held until the maximum maturity, based on the maximum interest rate above, if any, is $900,000. The Issuer has obtained a funding commitment in the amount of $855,830 for the Project from the State of Utah Department of Environmental Quality, Drinking Water Board (the 'DWB'), of which $256,830 will be principal forgiveness and the amount of $599,000 will repayable over 40 years and will bear no interest, in which case the amount to be repaid will be $599,000. Presently, the Issuer has no outstanding bonds secured by a pledge of water revenues. NOTICE IS FURTHER GIVEN that the Issuer called a public hearing for the purpose of inviting public comment on the proposed issuance of the Bonds and the economic impact that the improvements proposed to be financed with the Bonds will have on the private sector. The public hearing will be held on January 10, 2026, at 2:00 p.m., or as soon thereafter as feasible, at the Holiday Hills Water District offices located at 204 Hobble Creek Canyon Road, in Springville, Utah 84663. As Taxable Water Revenue Bonds, no property taxes will be pledged for repayment of the Bonds. The Bonds will be issued pursuant to the Resolution and a Final Bond Resolution (the 'Final Bond Resolution') of the District of the Issuer, authorizing and confirming the sale of the Bonds for the purposes to (i) finance the acquisition and construction of water system improvements, and related improvements, and (ii) pay the costs of issuing the Bonds. A draft of the Final Bond Resolution in substantially final form was before the District and was part of the Resolution at the time of the adoption of the Resolution by the District (collectively, the 'Bond Resolutions'). The Final Bond Resolution is to be adopted by the District in such form and with such changes thereto as shall be approved by the District upon the adoption thereof; provided that the principal amount, the interest rate or rates, maturity, and discount of the Bonds will not exceed the maximums set forth above. Copies of the Bond Resolutions are on file in the office of the District Clerk of the Issuer in the Issuer's offices in Springville, Utah, where they may be examined during regular business hours, by appointment Monday through Friday, for a period of at least thirty (30) days from and after the date of publication of this notice, or at other times during business hours by appointment by calling (719) 684-5305. NOTICE IS FURTHER GIVEN that 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 Bonds, or any provision made for the security and payment of the Bonds by filing a verified written complaint in the district court of their county of residence, and that after such 30-day period, no one shall have any cause of action to contest the regularity, formality or legality thereof for any reason. December 20, 2025 Holiday Hills Water District /s/ Krista Hiatt District Clerk

Notice of Special Accommodations (ADA)

ADA Accessible

Notice of Electronic or Telephone Participation

Not available

Meeting Information

Meeting Location

2054 S Blue Grouse Cir.
Springville, UT 84663
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Notice Posting Details

Notice Posted On

December 26, 2025 01:20 PM

Notice Last Edited On

December 26, 2025 01:20 PM

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