General Information

Government Type

Municipality

Entity

South Jordan

Public Body

CITY STAFF

Notice Information

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Notice Title

NOTICE OF PUBLIC HEARING FOR THE SOUTH JORDAN, UTAH CITY COUNCIL RELATING TO AN AMOUNT NOT TO EXCEED $140,000,000 OF PUBLIC FINANCE AUTHORITY REVENUE AND REVENUE REFUNDING BONDS (ROSEMAN UNIVERSITY OF HEALTH SCIENCES PROJECT) SERIES 2026

Notice Tags

Public Meeting - Public Hearing

Notice Type(s)

Notice, Meeting, Hearing

Event Start Date & Time

May 20, 2026 04:00 PM

Event End Date & Time

May 20, 2026 05:00 PM

Description/Agenda

NOTICE OF PUBLIC HEARING FOR THE SOUTH JORDAN, UTAH CITY COUNCIL RELATING TO AN AMOUNT NOT TO EXCEED $140,000,000 OF PUBLIC FINANCE AUTHORITY REVENUE AND REVENUE REFUNDING BONDS (ROSEMAN UNIVERSITY OF HEALTH SCIENCES PROJECT) SERIES 2026 Notice is hereby given that on May 20, 2026, a public hearing, as required by Section 147(f) of the Internal Revenue Code of 1986, as amended (the 'Code'), will be held by the Chief Financial Officer of South Jordan, Utah (the 'City') with respect to the proposed plan of finance and the proposed issuance, from time to time, by the Public Finance Authority (the 'Authority') in the State of Wisconsin, of its Revenue and Revenue Refunding Bonds (Roseman University of Health Sciences Project), Series 2026 in one or more series or issuances (the 'Bonds'), in an aggregate principal amount not to exceed $140,000,000. The hearing will commence at 4:00 p.m. and will be held in the first floor classroom of the College of Dental Medicine building (RiverPark Eleven) located at 10894 South River Front Parkway, South Jordan, Utah 84095. The Bonds are expected to be tax-exempt qualified 501(c)(3) bonds issued for educational purposes pursuant to Section 66.0304 of the Wisconsin Statutes, as amended, and pursuant to the plan of finance the proceeds from the sale of the Bonds will be loaned by the Authority to Roseman University of Health Sciences, a Nevada nonprofit corporation and 501(c)(3) organization under the Code (the 'Borrower'). A portion of the proceeds of the Bonds in an amount not to exceed $3,000,000 (the 'South Jordan Bonds') will be applied by the Borrower to: (a) finance, refinance and/or reimburse the cost of (1) acquisition and installation of photovoltaic systems on the real property located at 10894 South River Front Parkway and 10920 South River Front Parkway, South Jordan, Utah 84095, and (2) various additional capital improvement projects at such locations; (b) fund a debt service reserve fund for the South Jordan Bonds; (c) fund interest on the South Jordan Bonds; and (d) fund the payment of certain costs of issuance with respect to the South Jordan Bonds (collectively, the 'Project,' and the property being financed or refinanced, the 'Facilities'). The Facilities financed and/or refinanced by the South Jordan Bonds will be owned and used by the Borrower as part of its educational facilities for educational purposes, and as part of an integrated operation. The Borrower will be seeking a separate public approval pursuant to Section 147(f) of the Code from Clark County, Nevada for the remaining $137,000,000 of Bonds to be issued by the Authority for the benefit of the Borrower for projects located in Clark County, Nevada. The Bonds will be limited obligations of the Authority payable solely from the loan repayments to be made by the Borrower to the Authority, and certain funds and accounts established by the Indenture of Trust for the Bonds. The public hearing will provide a reasonable opportunity to be heard for persons wishing to express their views on the merits of the Project, its locations, the issuance of the South Jordan Bonds, the plan of finance or related matters. Persons with disabilities who may need assistance should contact Sunil Naidu, Chief Financial Officer at (801) 254-3742 or Terrell Sparks, Vice President for Operations of the Borrower at (801) 878-1494, at least 24 hours prior to the meeting. Notice Published May 11, 2026 on the Public Notice Website https://www.utah.gov/pmn

Notice of Special Accommodations (ADA)

Persons with disabilities who may need assistance should contact the City Recorder at 801-446-HELP (4357) at least 24 hours prior to the start of the meeting.

Notice of Electronic or Telephone Participation

Not applicable to these meetings

Meeting Information

Meeting Location

10894 South River Front Parkway
Roseman University (first floor classroom of the College of Dental Medicine building (RiverPark Eleven)
South Jordan, UT 84095
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Contact Name

Anna Crookston

Contact Email

acrookston@sjc.utah.gov

Contact Phone

(801)446-4357

Notice Posting Details

Notice Posted On

May 11, 2026 02:48 PM

Notice Last Edited On

May 11, 2026 02:48 PM

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