General Information

Government Type

Municipality

Entity

Spanish Fork

Public Body

City Council

Notice Information

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Notice Title

Spanish Fork City Council & the Local Building Authority NOTICE OF INTENT TO ISSUE A LEASE REVENUE BOND AND PUBLIC HEARING

Notice Tags

Official Notices, Public Meetings, Public Hearing, Bond

Notice Type(s)

Notice, Meeting, Hearing, Bond

Event Start Date & Time

July 7, 2026 06:00 PM

Event End Date & Time

July 7, 2026 10:00 PM

Description/Agenda

NOTICE OF INTENT TO ISSUE A LEASE REVENUE BOND AND PUBLIC HEARING PUBLIC NOTICE IS HEREBY GIVEN pursuant to the provisions of the Local Building Authority Act, Title 17D, Chapter 2, Utah Code Annotated 1953, as amended, the Local Government Bonding Act, Title 11, Chapter 14, Utah Code, as amended, and the Utah Refunding Bond Act, Title 11, Chapter 27, Utah Code Annotated 1953, as amended (collectively, the 'Act'), that the Governing Board (the 'Governing Board') of the Local Building Authority of Spanish Fork City, Utah (the 'Authority') intends to issue its Lease Revenue and Refunding Bonds, Series 2026 (the 'Series 2026 Bonds') and will hold a public hearing to provide members of the public desiring to be heard an opportunity to present testimony on the proposed issuance of the Series 2026 Bonds in accordance with Sections 11-14-103 and 17D-2-501 of the Utah Code Annotated 1953, as amended. Said public hearing will be held on July 7, 2026, at 6:00 p.m., at 40 South Main Street, Spanish Fork, Utah. The purpose of the Series 2026 Bonds is to provide funds to (a) finance the costs of construction of a fire station and public works building and all related improvements (the 'Series 2026 Project'); (b) refund certain outstanding bonds of the Authority; (c) fund any required debt service reserve fund; and (d) pay costs associated with the issuance of the Series 2026 Bonds. The length of term of the Series 2026 Bonds shall not exceed 21 years. The average annual amount that the Authority will be required to pay in principal and interest on the Series 2026 Bonds is $5,655,595. The intended lessee of the facility to be constructed using proceeds from the Series 2026 Bonds is Spanish Fork City, Utah (the 'City') and the expected annual amount of lease payments that the City will pay is $5,684,834. The Authority anticipates taking action on the proposal to issue the Series 2026 Bonds directly following the public hearing at the same meeting listed above. DATED this June 3, 2026. /s/ Tara Silver Secretary-Treasurer

Notice of Special Accommodations (ADA)

SPANISH FORK CITY does not discriminate on the basis of race, color, national origin, sex, religion, age or disability in the employment or the provision of services. The public is invited to participate in all Spanish Fork City Council Meetings located at 40 South Main St. If you need special accommodation to participate in the meeting, please contact the City Manager's Office at 801-804-4530.

Notice of Electronic or Telephone Participation

N/A

Other Information

*Supporting documentation is available on the City's website www.spanishfork.org Executive Board Contacts council@spanishfork.org 801-804-4530 Mayor Mendenhall mayor@spanishfork.org 801-804-4530 Stacy Beck sbeck@spanishfork.org 801-804-4530 Landon Tooke ltooke@spanishfork.org 801-804-4530 Shane Marshall smarshal@spanishfork.org 801-804-4530 Kevin Oyler koyler@spanishfork.org 801-804-4530 Jesse Cardon jcardon@spanishfork.org 801-804-4530

Meeting Information

Meeting Location

80 South Main Street at Library Hall
Spanish Fork, UT 84660
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Contact Name

Tara Silver

Contact Email

tsilver@spanishfork.org

Contact Phone

(801)804-4530

Notice Posting Details

Notice Posted On

June 03, 2026 11:28 AM

Notice Last Edited On

June 03, 2026 11:28 AM

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