General Information

Government Type

County

Entity

Summit County

Entity Website

http://www.summitcounty.org

Public Body

Summit County Council

Notice Information

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Notice Title

Notice of Bonds to be Issued

Notice Type(s)

Notice, Hearing

Event Start Date & Time

March 25, 2026 06:00 PM

Event End Date & Time

April 25, 2026 06:00 PM

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, that on March 25, 2026, the County Council (the 'Council') of Summit County, Utah, acting on behalf of the Mountain Regional Water Special Service District, Utah (the 'Issuer'), adopted a resolution (the 'Resolution') in which it authorized the issuance of the Issuer's Water Revenue Refunding Bonds, Series 2026B (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 Issuer). PURPOSE FOR ISSUING THE BONDS The Bonds will be issued for the purpose of (a) refunding certain of its outstanding water revenue bonds, (b) funding a debt service reserve fund, if necessary, 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 Eighteen Million Dollars ($18,000,000), to mature in not more than nineteen (19) years from their dated date or dated dates, to be sold at a price not less than ninety-nine percent (99%) of the total principal amount thereof, and bearing interest at a rate or rates not to exceed five percent (5.0%) 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 Mountain Regional Water Special Service District, 5739 Paintbrush Road, Park City, Utah, where they may be examined during regular business hours of the Issuer from 8:30 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 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 March 25, 2026. /s/ Evelyn Furse County Clerk

Notice of Special Accommodations (ADA)

Pursuant to the Americans with Disabilities Act, individuals needing special accommodations during this meeting should notify Annette Singleton (435) 336-3025, 615-3025, 783-4351 ext. 3025 prior to the meeting.

Notice of Electronic or Telephone Participation

To participate in Council meeting: Join Zoom webinar: https://zoom.us/j/772302472 OR To listen by phone only: Dial 1-301-715-8592, Webinar ID: 772 302 472

Meeting Information

Meeting Location

1885 W. Ute Blvd.
Park City, UT 84098
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Contact Name

Annette Singleton

Contact Email

asingleton@summitcounty.org

Contact Phone

(435)336-3025

Notice Posting Details

Notice Posted On

March 27, 2026 12:08 PM

Notice Last Edited On

March 27, 2026 12:08 PM

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