General Information

Government Type

Municipality

Entity

Eagle Mountain

Public Body

City Council

Notice Information

Add Notice to Calendar

Notice Title

Notice of Bonds to be Issued

Notice Type(s)

Notice

Event Start Date & Time

February 18, 2026 11:35 AM

Description/Agenda

NOTICE OF BONDS TO BE ISSUED NOTICE IS HEREBY GIVEN pursuant to the provisions of the Utah Refunding Bond Act, Title 11, Chapter 27, Utah Code Annotated 1953, as amended, (the 'Refunding Act') that on February 17, 2026, the City Council (the 'Council') of Eagle Mountain City, Utah, (the 'City'), adopted a resolution (the 'Resolution') in which it authorized the issuance of the City's Water and Sewer Revenue and Refunding Bonds, Series 2026 (the 'Bonds') (to be issued in one or more series, under one or more indentures and with such other series or title designation(s) as may be determined by the City). PURPOSE FOR ISSUING THE BONDS The Bonds will be issued for the purpose of (a) refunding certain of its outstanding bonds, (b) funding any debt service reserve funds, as desirable, and (c) paying costs of issuance of the Bonds. REVENUES TO BE PLEDGED The Bonds are special limited obligations of the Issuer payable from the net revenues of the Issuer's water system (the 'Revenues'). PARAMETERS OF THE BONDS The Issuer intends to issue the Bonds in the aggregate principal amount of not more than Ten Million Dollars ($10,000,000), to mature in not more than thirty-five (35) years from their dated date or dated dates, to be sold at a price not less than ninety-seven percent (97%) of the total principal amount thereof, and bearing interest at a rate or rates not to exceed six and one half percent (6.5%) per annum. The Bonds are to be issued and sold by the Issuer pursuant to the Resolution, including as part of said Resolution, a General Indenture of Trust and a Supplemental Indenture of Trust (collectively, the 'Indenture'), and a Bond Purchase Agreement (the 'Bond Purchase Agreement'), which Indenture and Bond Purchase Agreement were before the Council in substantially final forms at the time of the adoption of the Resolution and said Indenture and Bond Purchase Agreement are to be executed by the Issuer in such forms and with such changes thereto as shall be approved by the Issuer; provided that the principal amount, interest rate or rates, maturity, and discount of the Bond will not exceed the maximums set forth above. A copy of the Resolution, the Indenture, and the Bond Purchase Agreement are on file in the office of the City Recorder at 1650 E. Stagecoach Run, Eagle Mountain, Utah, where they may be examined during regular business hours of the City Recorder from 7:30 a.m. to 5:30 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 any person in interest shall have the right to contest the legality of the Resolution, the Indenture (but only as it relates to the Bonds), and the Bond Purchase Agreement, or any provision made for the security and payment of the 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 February 17, 2026. /s/ Lacie Messerly City Recorder

Notice of Special Accommodations (ADA)

In compliance with the Americans with Disabilities Act, individuals needing special accommodations (including auxiliary communicative aids and services) during this meeting should notify 801-789-6610 at least 3 working days prior to the meeting.

Notice of Electronic or Telephone Participation

NA

Meeting Information

Meeting Location

1650 Stage Coach Run
Eagle Mountain, UT 84005
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Contact Name

Gina Olsen

Contact Email

golsen@eaglemountain.gov

Contact Phone

801-789-6611

Notice Posting Details

Notice Posted On

February 18, 2026 11:36 AM

Notice Last Edited On

February 18, 2026 11:36 AM

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