General Information

Government Type

Municipality

Entity

Woodland Hills

Public Body

City Council

Notice Information

Add Notice to Calendar

Notice Title

Notice of Public Hearing and Bonds to Be Issued

Notice Type(s)

Notice, Hearing, Bond

Event Start Date & Time

May 26, 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 28, 2026, the City Council (the 'Council') of the City of Woodland Hills, Utah (the 'Issuer'), adopted a resolution (the 'Resolution') in which it authorized the issuance of the Issuer's Sales and Franchise Tax Revenue Bonds, Series 2026 (the 'Series 2026 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 Series 2026 Bonds and (b) any potential economic impact that the Series 2026 Project (defined below) financed with the proceeds of the Series 2026 Bonds may have on the private sector. TIME, PLACE AND LOCATION OF PUBLIC HEARING The Issuer shall hold a public hearing on May 26, 2026, at the hour of 6:00 p.m. at 690 South Woodland Hills Drive, in Woodland Hills, Utah. The purpose of the hearing is to receive input from the public with respect to (a) the issuance of the Series 2026 Bonds and (b) any potential economic impact that the Series 2026 Project (defined below) to be financed with the proceeds of the Series 2026 Bonds may have on the private sector. All members of the public are invited to attend and participate. PURPOSE FOR ISSUING THE SERIES 2026 BONDS The Series 2026 Bonds will be issued for the purpose of (a) financing the construction of road improvements and maintenance (the 'Series 2026 Project'), (b) funding any debt service reserve fund, as necessary, and (c) paying costs of issuance of the Series 2026 Bonds. PARAMETERS OF THE SERIES 2026 BONDS The Issuer intends to issue the Series 2026 Bonds in the aggregate principal amount of not more than One Million Four Hundred Thousand Dollars ($1,400,000), to mature in not more than ten (10) years from their date or dates, to be sold at a price not less than ninety-eight percent (98%) of the total principal amount thereof and bearing interest at a rate or rates not to exceed six percent (6.0%) per annum. The Series 2026 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 (together, the 'Indenture') which were before the Council in substantially final form at the time of the adoption of the Resolution. SALES AND USE TAXES PROPOSED TO BE PLEDGED The City proposes to pledge up to 100% of the local sales and use tax revenues, excise tax revenues (including, but not limited to energy and telecommunication taxes) for the payment of the Bonds. OUTSTANDING BONDS SECURED BY PLEDGED TAXES The Issuer currently has $690,000 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: http://secure.utah.gov/auditor-search/. For additional information, including any information more recent than as of the date of the Financial Report, please contact the City Treasurer at (801) 423-3900. 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 Series 2026 Bonds to be issued under the Act to finance the Series 2026 Project, if held until maturity, is $1,902,020. A copy of the Resolution and the Indenture are on file in the office of the City of Woodland Hills Recorder, 690 South Woodland Hills Drive, Woodland Hills, Utah, where they may be examined during regular business hours of the City Recorder from 9:00 a.m. to 3:00 p.m. Monday through Thursday, 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 (as it pertains to the Series 2026 Bonds), or the Series 2026 Bonds, or any provision made for the security and payment of the Series 2026 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 29, 2026. /s/ Jody Stones City Recorder

Notice of Special Accommodations (ADA)

NOTICE OF SPECIAL ACCOMMODATION DURING PUBLIC MEETINGS In compliance with the Americans with Disabilities Act, individuals needing special accommodations (including auxiliary communicative aids and services) during this meeting should notify Jody Stones at 801-423-1962.

Notice of Electronic or Telephone Participation

NA

Other Information

City Web-Site www.woodlandhills-ut.gov

Meeting Information

Meeting Location

690 S WOODLAND HILLS DR
Woodland Hills, UT 84653
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Contact Name

Jody Stones

Contact Email

recorder@woodlandhills.cc

Contact Phone

8014231962

Notice Posting Details

Notice Posted On

April 29, 2026 04:30 PM

Notice Last Edited On

April 29, 2026 04:33 PM

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