General Information

Government Type

Special Service District

Entity

Hurricane Valley Fire District

Public Body

Local Building Authority of Hurricane Valley Fire Special Service District

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

July 9, 2026 06:00 PM

Description/Agenda

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, and the Local Government Bonding Act, Title 11, Chapter 14, Utah Code Annotated 1953, as amended (together, the 'Act'), that on June 11, 2026, the Governing Board (the 'Board') of the Local Building Authority of Hurricane Valley Fire Special Service District, Utah (the 'Authority') adopted a resolution (the 'Resolution') declaring its intention to issue its Lease Revenue Bonds, Series 2026 (the 'Bonds'), and calling a public hearing to receive input from the public with respect to the issuance of the Bonds. TIME, PLACE AND LOCATION OF PUBLIC HEARING The Authority shall hold a public hearing on July 9, 2026, at the hour of 6:00 p.m. The location of the public hearing is at the Fire Station #46/64, 56 North Coral Canyon Boulevard, Hurricane, Utah. The purpose of the hearing is to receive input from the public with respect to: (a) the proposed Bonds, and (b) any potential economic impact that the improvements, facility or property financed in whole or in part with the proceeds of the Bonds may have on the private sector. All members of the public are invited to attend and participate. PURPOSE FOR ISSUING BONDS The Authority intends to issue the Bonds to provide funds to (a) finance all or a portion of the construction of one or more fire stations within the District, and all related improvements (the 'Series 2026 Project'); (b) fund any required debt service reserve fund; and (c) pay costs associated with the issuance of the Bonds. PARAMETERS OF THE BONDS The Authority intends to issue the Bonds in a principal amount of not to exceed Twenty-Two Million Dollars ($22,000,000), to bear interest at a rate or rates of not to exceed six percent (6.00%) per annum, to mature in not more than twenty-six (26) years from their date or dates, and to be sold at a price not less than ninety-eight percent (98%) of the total principal amount thereof, plus accrued interest, if any, to the date of delivery of the Bonds. The Bonds are to be issued and sold by the Authority pursuant to the Resolution, including as attachments to said Resolution a form of the General Indenture of Trust and First Supplemental Indenture of Trust (collectively, the 'Indenture') and a form of a Master Lease Agreement (the 'Lease'), which were before the Board at the time of the adoption of the Resolution. The Indenture and the Lease are to be executed by the Authority and/or the District with such terms and provisions and any changes thereto as authorized by the Resolution. SECURITY FOR THE BONDS The Bonds are payable solely from the rents, revenues and other income received by the Authority from the leasing of the Series 2026 Project to the District on an annually renewable basis (the 'Lease Revenues'). OUTSTANDING BONDS SECURED BY LEASE REVENUES The Authority currently has no bonds outstanding secured by Lease Revenues. OTHER OUTSTANDING BONDS OF THE AUTHORITY Information regarding all of the Authority's outstanding bonds may be found in the District's audited financial report (the 'Financial Report') at https://reporting.auditor.utah.gov/searchreports/s/. For additional information, including any more recent than as of the date of the Financial Report please contact Melinda Falaniko, District Clerk at (435) 635-9562. TOTAL ESTIMATED COST Based on an estimate of the current interest rate and financing plan, the estimated total debt service cost of the Bonds, if held until maturity, is $43,987,000. A copy of the Resolution and the forms of Indenture and the Lease are on file in the District offices, located at 202 E. State St, Hurricane, Utah, where they may be examined during regular business hours from 7:00a.m. to 6:00 p.m., Monday through Thursday, for a period of at least thirty (30) days from and after the last date of posting of this notice. NOTICE IS FURTHER GIVEN that a period of thirty (30) days from and after the date of the posting of this notice is provided by law during which (i) any person in interest shall have the right to contest the legality of the Resolution, the Indenture, the Lease, or the Bonds, or any provision made for the security and payment of the Bonds, and after such time, no one shall have any cause of action to contest the regularity, formality or legality thereof for any cause whatsoever, and (ii) active voters (as defined in Section 20A-1-102 of the Utah Code) within the District 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 twenty percent (20%) of the active voters of the District are filed with the Authority during said 30-day period, the Authority shall be required to hold an election to obtain voter authorization prior to the issuance of the Bonds. If fewer than twenty percent (20%) of the active voters of the District file a written petition during said 30-day period, the Authority may proceed to issue the Bonds without an election. DATED this June 11, 2026. /s/Melinda Falaniko Secretary-Treasurer

Notice of Special Accommodations (ADA)

In compliance with the Americans with Disabilities Act, individuals needing special accommodations (including auxiliary communicative aids and services) during this meeting should notify Melinda Falaniko at 435-635-9562.

Notice of Electronic or Telephone Participation

N/A

Meeting Information

Meeting Location

56 Coral Canyon Blvd
hurricane, UT 84737
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Contact Name

Melinda Falaniko

Contact Email

mfalaniko@hvfssd.org

Notice Posting Details

Notice Posted On

June 17, 2026 03:53 PM

Notice Last Edited On

June 17, 2026 03:53 PM

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