General Information

Government Type

Municipality

Entity

Sandy

Public Body

City Council

Notice Information

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Notice Title

Notice of Public Hearing and Bonds to be Issue

Notice Type(s)

Hearing, Bond

Event Start Date & Time

February 10, 2026 05:15 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 January 20, 2026, the City Council (the 'Council') of Sandy City, Utah (the 'Issuer'), adopted a resolution (the 'Resolution') authorizing the issuance of the Issuer's Sales Tax 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 February 10, 2026, at the hour of 5:15 p.m. at 10000 Centennial Parkway, Sandy City, 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 any portion of the costs of the acquisition of (i) a building, including certain fixtures, furniture and equipment therein, and all related improvements and (ii) improvements to the city council chambers (collectively, the 'Project'), (b) fund any necessary debt service reserve funds, and (c) pay costs of issuance with respect to the Series 2026 Bonds. PARAMETERS OF THE SERIES 2026 BONDS The Issuer intends to issue the Series 2026 Bonds in the aggregate principal amount of not more than Nine Million Dollars ($9,000,000), to mature in not more than twenty-two (22) years from their date or dates, to be sold at a price of not less than ninety-eight percent (98%) of the total principal amount thereof, and to bear interest at a rate or rates not to exceed six and one-half percent (6.5%) per annum for fixed rate bonds and not to exceed twelve percent (12%) per annum for variable rate bonds. The Series 2026 Bonds are to be issued and sold by the Issuer pursuant to the Resolution, including as part of said Resolution a Supplemental Indenture of Trust, supplementing a General Indenture of Trust dated as of March 1, 2002 (together, the 'Indenture'), which was before the Council in substantially final form at the time of the adoption of the Resolution. SALES TAXES PROPOSED TO BE PLEDGED The Issuer proposes to pledge 100% of the Local Sales and Use Tax revenues received by the Issuer pursuant to Title 59, Chapter 12, Part 2, Utah Code Annotated 1953, as amended to the payment of the Series 2026 Bonds (the 'Revenues'). OUTSTANDING BONDS SECURED BY REVENUES The Issuer currently has $21,093,000 of parity bonds outstanding secured by the Revenues. OTHER OUTSTANDING BONDS OF THE ISSUER Information regarding all of the Issuer's outstanding bonds may be found in the Issuer's audited financial report (the 'Financial Report') at: https://reporting.auditor.utah.gov/searchreports/s/. For additional information more recent than as of the date of the Financial Report, please contact Brian Kelley, Administrative Services Director, at (801) 568-7117. 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 $12,443,813. A copy of the Resolution and the Supplemental Indenture will be on file in the office of the City Recorder, 10000 Centennial Parkway, Sandy City, Utah, where they may be examined during regular business hours of the City Recorder from 8:00 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 posting 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 any person in interest shall have the right to contest the legality of the Resolution, the Indenture (but only as it relates to the Series 2026 Bonds), 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. DATED this January 20, 2026. /s/ Wendy Downs City Recorder

Notice of Special Accommodations (ADA)

In compliance with the Americans with Disabilities Act, reasonable accommodations for individuals with disabilities will be provided upon request. For assistance, please call 801-568-7140

Notice of Electronic or Telephone Participation

The February 10th Sandy City Council meeting will be conducted in-person and virtually, via Zoom Webinar. Citizens wishing to comment virtually on the public hearing must access the meeting via the Zoom Webinar link, which will be included on the February 10th meeting agenda. The meeting agenda will be published at least 24 hours prior to the beginning of the meeting and can be found at https://sandyutah.legistar.com/Calendar.aspx.

Meeting Information

Meeting Location

10000 S Centennial Parkway
Sandy, UT 84070
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Contact Name

No Name

Contact Email

notapplicable@noemailprovided.gov

Contact Phone

NULL

Notice Posting Details

Notice Posted On

January 21, 2026 03:29 PM

Notice Last Edited On

January 21, 2026 04:06 PM

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