NOTICE OF PUBLIC HEARING AND BONDS TO BE ISSUED
NOTICE IS HEREBY GIVEN pursuant to the provisions of the Utah Local Government
Bonding Act, Title 11, Chapter 14, Utah Code Annotated 1953, as amended, that on June 9,
2026, the Governing Body of the Uintah Transportation Special Service District, Uintah County,
Utah (the 'Issuer'), adopted a resolution (the 'Resolution') in which it authorized the issuance
and sale of the Issuer's Mineral Lease Revenue Bonds, in one or more series (the 'Bonds'), in an
aggregate principal amount not to exceed $1,100,000; the Bonds to bear interest at the rate or
rates not to exceed one-half of one percent (0.5%) per annum, to mature in not more than 15
years from their date or dates, and to be sold at a price not less than 99% percent of the total
principal amount thereof, plus accrued interest to the date of delivery, if any. The estimated total
cost to the Issuer for the proposed Bonds, if the Bonds are held until the maximum maturity,
based on the maximum interest rate above, is $1,144,470. Presently, the Issuer has no
outstanding bonds secured by a pledge of mineral lease revenues. The State of Utah Permanent
Community Impact Fund Board has authorized a grant to the Issuer for the project in the amount
of $3,792,000, none of which will need to be repaid.
NOTICE IS FURTHER GIVEN that the Issuer called a public hearing for the purpose of
inviting public comment on the proposed issuance of the Bonds and the economic impact that the
improvements proposed to be financed with the Bonds will have on the private sector. The public
hearing will be held on July 14, 2026 at 7:00 p.m., or as soon thereafter as feasible, at 152 E. 100
N., Vernal, Utah, Commissioner's Large Conference Room (2 nd Floor). All members of the
public are invited to attend and participate.
The Bonds will be issued pursuant to the Resolution and a Final Bond Resolution to be
adopted authorizing and confirming the sale of the Bonds (the 'Final Bond Resolution') for the
purpose to finance, in part, (i) the acquisition and construction of road and street transportation
improvements in Uintah County, including Redwash Road, and related improvements (the
'Project'), and (ii) paying the costs of issuing the Bonds.
The Issuer proposes to pledge the federal mineral lease payments received by the Issuer
pursuant to Title 59, Chapter 21, Utah Code Annotated 1953, as amended, to the repayment of
the Bonds. As mineral lease revenue bonds, no property taxes will be pledged for repayment of
the Bonds.
A draft of the Final Bond Resolution in substantially final form was before the Governing
Body and was part of the Resolution at the time of its adoption by the Governing Body
(collectively, the 'Bond Resolutions'). The Final Bond Resolution is to be adopted by the
Governing Body in such form and with such changes thereto as shall be approved by the
Governing Body upon the adoption thereof; provided that the principal amount, interest rate or
rates, maturity and discount of the Bonds will not exceed the maximums set forth above.
Copies of the Bond Resolutions and information on the Issuer's bonds are on file in the
office of the Administrative Assistant of the Issuer located at 152 E. 100 N., Vernal, Utah, where
they may be examined during regular business hours from 8:00 a.m. to 5:00 p.m. Monday
through Friday for at least 30 days from and after the first date of publication of this notice.
NOTICE IS FURTHER GIVEN that, for a period of thirty (30) days from and after the
first date of the publication of this notice, (1) any person in interest shall have the right to contest
the legality of the Resolution, the Final Bond Resolution, or the Bonds, or any provision made
for the security and payment of the Bonds by filing a verified written complaint in the district
court of the county in which he/she resides, and that after such time, other than referendum
rights, no one shall have any cause of action to contest the regularity, formality or legality thereof
for any cause whatsoever, and (2) registered voters within the Issuer may sign a written petition
requesting an election to authorize the issuance of the Bonds. If written petitions which have
been signed by at least 20% of the registered voters of the Issuer are filed with the Issuer during
that 30-day period, the Issuer will be required to hold an election to obtain voter authorization
prior to the issuance of the Bonds. If fewer than 20% of the registered voters of the Issuer file a
written petition during that 30-day period, the Issuer may proceed to issue the Bonds without an
election. Registered voters may also exercise their right to a referendum election.
DATED: June 9, 2026.
/s/ Julie Joy-Hundley
Administrative Assistant
Notice of Special Accommodations (ADA)
In accordance with the Americans with Disabilities Act, individuals needing special accommodations during this meeting should notify Julie Joy-Hundley 24 hours in advance at 435-828-8407.