General Information

Government Type

Special Service District

Entity

Ash Creek Special Service District

Public Body

Administrative Control Board

Notice Information

Add Notice to Calendar

Notice Title

Notice of Public Hearing and Bonds to be Issued

Notice Type(s)

Notice, Hearing

Event Start Date & Time

May 28, 2026 06:00 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 April 23, 2026, the Administrative Control Board (the 'Board') of Ash Creek Special Service District, Utah (the 'Issuer'), adopted a resolution (the 'Resolution') in which it authorized the issuance of the Issuer's Federally Taxable Sewer Revenue Bonds, Series 2026 (the '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 (a) the issuance of the Bonds and (b) any potential economic impact that the Project (defined below) to be financed with the proceeds of the Bonds may have on the private sector. TIME, PLACE AND LOCATION OF PUBLIC HEARING The Issuer shall hold a public hearing on May 28, 2026, at the hour of 6:00 p.m. at 1350 South Sand Hollow Road, Hurricane, Utah. The purpose of the hearing is to receive input from the public with respect to (a) the issuance of the Bonds and (b) any potential economic impact that the Project (defined below) to be financed with the proceeds of that portion of the Bonds issued under the Act may have on the private sector. All members of the public are invited to attend and participate. PURPOSE FOR ISSUING THE BONDS The Bonds will be issued for the purpose of (a) financing all or a portion of the costs of construction of improvements to its sewer system (the 'System'), including the construction of a regional sewer lift station and pressure sewer force main connecting additional users into all or a portion of the System, and all related improvements (collectively, the 'Project'), (b) funding a debt service reserve fund, if necessary, and (c) paying costs of issuance of the Bonds. PARAMETERS OF THE BONDS The Issuer intends to issue the Bonds in the aggregate principal amount of not more than Six Million Eight Hundred Seventy-Six Thousand ($6,876,000), to mature in not more than thirty-two (32) years from their date or dates, to be sold at a price not less than one hundred percent (100%) of the total principal amount thereof, and bearing interest at a rate or rates not to exceed zero percent (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 dated October 1, 2020 (the 'General Indenture'), as previously supplemented and as further supplemented by a Third Supplemental Indenture of Trust (the 'Third Supplemental Indenture' and together with the General Indenture, the 'Indenture') each by and between the Issuer and Zions Bancorporation, National Association (the 'Trustee') which was before the Council in substantially final form at the time of the adoption of the Resolution and said Indenture is to be executed by the Issuer in such form 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 Bonds will not exceed the maximums set forth above. The Issuer reserves the right to not issue the Bonds for any reason and at any time up to the issuance of the Bonds. REVENUES PROPOSED TO BE PLEDGED The Bonds are special limited obligations of the Issuer payable from the net revenues of the System (the 'Revenues'). OUTSTANDING BONDS SECURED BY REVENUES The Issuer currently has $21,333,000 of bonds outstanding secured by the Revenues. OTHER OUTSTANDING BONDS OF THE ISSUER Additional information regarding the Issuer's outstanding bonds may be found in the Issuer's financial report (the 'Financial Report') at: https://reporting.auditor.utah.gov/searchreport. For additional information, including any information more recent than as of the date of the Financial Report, please contact the Superintendent at (435) 635-2348. TOTAL ESTIMATED COST OF BONDS Based on the Issuer's current plan of finance and a current estimate of interest rates, the total principal and interest cost of the Bonds to be issued under the Act to finance the Project, if held until maturity, is $6,876,000. A copy of the Resolution and the Indenture are on file in the office of Clerk, 1350 South Sand Hollow Road, Hurricane, Utah, where they may be examined during regular business hours of the Clerk from 8:00 a.m. to 4:30 p.m. Monday through Thursday, and 8:00 a.m. to 3:00 p.m. on 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 publication 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, or the Bonds, 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 April 23, 2026. /s/ Kavyn Bringhurst Clerk

Notice of Special Accommodations (ADA)

In compliance with the Americans with Disabilities Act, individuals needing special accommodations during this meeting should notify Darrel Humphries at the District Office 635-2348, at least 24 hours in advance.

Notice of Electronic or Telephone Participation

N/A

Meeting Information

Meeting Location

1350 South Sandhollow Rd
Hurricane, UT 84737
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Contact Name

Darrel Humphries

Contact Email

darrel@ashcreekssd.utah.gov

Contact Phone

(435)635-2348

Notice Posting Details

Notice Posted On

April 28, 2026 08:26 AM

Notice Last Edited On

April 28, 2026 08:26 AM

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