General Information

Government Type

Municipality

Entity

Salt Lake City

Public Body

Salt Lake City Council

Notice Information

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Notice Title

Notice of Bonds to be Issued - General Obligation (Parks, Trails, and Open Space) Bonds, Series 2026

Notice Type(s)

Notice, Bond

Event Start Date & Time

March 23, 2026 05:00 PM

Description/Agenda

NOTICE OF BONDS TO BE ISSUED NOTICE IS HEREBY GIVEN pursuant to the provisions of Sections 11-14-316, 45-1-101 and 63G-30-102, Utah Code Annotated 1953, as amended, that on February 17, 2026, the City Council of Salt Lake City, Utah (the 'City'), adopted a resolution (the 'Resolution') in which it authorized and approved the issuance of its federally taxable general obligation bonds (the 'Bonds'), in an aggregate principal amount of not to exceed $51,000,000, to bear interest at a rate or rates of not to exceed 6.50% per annum, to mature over a period not to exceed 21 years from their date or dates and to be sold at a discount from par, expressed as a percentage of the principal amount, of not to exceed 2.00%. Pursuant to the Resolution, the Bonds are to be issued for the purpose of raising money for paying all or a portion of the costs to acquire, improve, renovate and upgrade various parks, trails, open space and related facilities and recreational amenities. The Bonds will be secured by the full faith and credit of the City. The City currently has $125,130,000 par amount of bonds currently outstanding that are secured by the full faith and credit of the City. More detailed information relating to the City's outstanding bonds can be found in the City's most recent Comprehensive Financial Reports that are available on the Office of the Utah State Auditor's website (www.auditor.utah.gov). Assuming a final maturity for the Bonds of approximately 20 years from the date hereof and that the Bonds are issued in an aggregate principal amount of $49,720,000 and are held until maturity, based on the City's currently expected financing structure and interest rates in effect around the time of publication of this notice, the estimated total cost to the City of the proposed Bonds is $79,517,967. The Bonds are to be issued and sold by the City pursuant to the Resolution. A copy of the Resolution may be examined during regular business hours (8:30 am - 5:00 pm) at the office of the City Recorder, City and County Building, 451 South State Street, Room 415, Salt Lake City, Utah. To request a protected, pdf copy of the Resolution please call (801) 535-7671 or email slcrecorder@slcgov.com. The Resolution shall be so available for inspection for a period of at least 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 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 above-described Resolution of the City Council 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 this 18th day of February, 2026. SALT LAKE CITY, UTAH By /s/ Thais Stewart Deputy City Recorder [SEAL]

Notice of Special Accommodations (ADA)

Please contact the City Recorder's Office at (801) 535-7671 or email slcrecorder@slcgov.com or relay service 711.

Notice of Electronic or Telephone Participation

This is not a public meeting notice

Meeting Information

Meeting Location

451 South State Street
Room 415
Salt Lake City, UT 84111
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Contact Name

Salt Lake City Council Office

Contact Email

council.comments@slc.gov

Contact Phone

(801)535-7600

Notice Posting Details

Notice Posted On

February 18, 2026 02:46 PM

Notice Last Edited On

February 18, 2026 03:33 PM

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