General Information

Government Type

Municipality

Entity

Cedar Hills

Public Body

City Council

Notice Information

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Notice Title

Notice of Bonds to be Issued

Notice Type(s)

Notice, Bond

Event Start Date & Time

February 3, 2026 06:00 PM

Description/Agenda

NOTICE OF BONDS TO BE ISSUED NOTICE IS HEREBY GIVEN pursuant to the provisions of Section 11-14-316, Utah Code Annotated 1953, as amended, that on February 3, 2026, the City Council (the 'Council') of the City of Cedar Hills, Utah (the 'City'), adopted a resolution (the 'Resolution') in which it authorized and approved the issuance of its Sales Tax Revenue Bonds (the 'Bonds') in one or more series, in an aggregate principal amount of not to exceed five million dollars to bear interest at a rate or rates of not to exceed seven percent per annum and to mature not later than thirty-one years from their date or dates and to be sold at a discount from par not to exceed two percent. The Bonds shall be subject to such optional and mandatory redemption and other provisions as are contained in the Master Indenture, described below, and the final form of the Bonds and Supplemental Indenture, described below. Pursuant to the Resolution, the Bonds are to be issued for the purpose of financing all or a portion of the cost of the acquisition, construction, renovation and improvement of a municipal golf course and related facilities and buildings, and related improvements (collectively the 'Project') and (b) paying all or a portion of the costs incurred in connection with the issuance and sale of the Bonds. The Bonds are to be issued and sold by the City pursuant to the Resolution and copies of a Master Indenture of Trust (the 'Master Indenture') and a Supplemental Indenture of Trust (the 'Supplemental Indenture' and, together with the Supplemental Indenture, the 'Indenture'), that were before the Council and attached to the Resolution at the time of the adoption of the Resolution. The Council will adopt the bond resolution and the City will cause the Indenture to be executed and delivered, in each case in such form and with such changes thereto as the Council shall approve upon the adoption of the bond resolution, provided that the principal amount, interest rate or rates, maturity and discount, if any, will not exceed the respective maximums described above. The repayment of the Bonds will be secured by a pledge of the legally available revenues from the Local Sales and Use Taxes received by the City pursuant to Title 59, Chapter 12, Part 2, Utah Code (the 'Pledged Taxes'). The City currently has no bonds outstanding that are secured by the Pledged Taxes. More detailed information relating to the City's outstanding bonds can be found in the City's most recent Annual Comprehensive Financial Report that is available on the Office of the Utah State Auditor's website (www.sao.state.ut.us). The estimated total cost to the City of the proposed Bonds that will be used to finance the costs of the Project, if the Bonds are held until maturity and based on estimated interest rates currently in effect, is $8,956,036.75. A copy of the Resolution (including the drafts of the Indenture attached to the Resolution) is on file in the office of the City Recorder at City Hall, 10246 Canyon Road, Cedar Hills, Utah, where the Resolution may be examined during regular business hours of the City Recorder from 8:00 a.m. to 5:00 p.m. The Resolution shall be so available for inspection for a period of at least thirty (30) days from and after the date of the publication of this notice. NOTICE IS FURTHER GIVEN that pursuant to law 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 Resolution (including the Indenture and the Supplemental Trust Indenture attached thereto) of the City or the Bonds authorized thereby or any provisions made for the security and payment of the Bonds. After such time, no one shall have any cause of action to contest the regularity, formality or legality of the Resolution, the Bonds or the provisions for their security or payment for any cause DATED February 3, 2026. CITY OF CEDAR HILLS, UTAH Posted this 4th day of February, 2026 /s/ Colleen A. Mulvey, City Recorder

Notice of Special Accommodations (ADA)

In accordance with the Americans with Disabilities Act, the City of Cedar Hills will make reasonable accommodations to participate in the meeting. Requests for assistance can be made by contacting the City Recorder at 801-785-9668 at least 48 hours in advance of the meeting to be held.

Notice of Electronic or Telephone Participation

This meeting may be held electronically via telephone to permit one or more of the council members to participate.

Other Information

A Closed Session may be called to order pursuant to Utah State Code 54-4-204 & 54-4-205. The order of agenda items may change to accommodate the needs of the city council, the staff, and the public. The order of agenda items may change to accommodate the needs of the City Council, the staff, and the public.

Meeting Information

Meeting Location

3925 W Cedar Hills Drive
Cedar Hills, UT 84062
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Contact Name

Colleen A. Mulvey

Contact Email

cmulvey@cedarhills.org

Contact Phone

(801)785-9668

Notice Posting Details

Notice Posted On

February 04, 2026 10:26 AM

Notice Last Edited On

February 04, 2026 10:26 AM

Audio File Address

Audio File Location

https://www.cedarhillsutah.gov/page/agendas-audios-and-minutes

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