General Information

Government Type

Special Service District

Entity

Avian Shores Public Infrastructure District

Public Body

Avian Shores Public Infrastructure District Board

Notice Information

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Notice Title

Public Hearing and Notice of Bonds to be Issued

Notice Type(s)

Notice, Meeting, Hearing, Bond

Event Start Date & Time

July 14, 2026 09:00 AM

Event End Date & Time

July 14, 2026 10:00 AM

Event Deadline Date & Time

07/14/26 09:00 AM

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, that on June 25, 2026, the Board of Trustees (the 'Board') of Avian Shores Public Infrastructure District (the 'Issuer') adopted a resolution (the 'Resolution') in which it authorized the issuance of the Issuer's Limited Tax General Obligation Convertible Capital Appreciation Bonds, Series 2026A-1 (the 'Bonds') (to be issued in one or more series, under one or more indenture and with such other series or title designation(s) as may be determined by the Issuer) and the holding of a public hearing as described herein. PURPOSE, TIME, PLACE AND LOCATION OF PUBLIC HEARING The Issuer shall hold a public hearing at 9 West Forest St, Suite 208 - Conference Room, Brigham City, Utah 84302 on July 14, 2026, at the hour of 9:00 a.m. and via electronic means at https://www.microsoft.com/en-us/microsoft-teams/join-a-meeting using Meeting ID: 932 123 828 048 0 and Passcode: N4Ya6C. The purpose of the hearing is to receive input from the public with respect to (a) the issuance of the Bonds and (b) any potential economic impact that the Project to be financed with the proceeds of the Bonds may have on the private sector. All members of the public are invited to attend and participate. Comments received will be added to the public record at the public hearing. Public comment during the meeting will be allowed. PURPOSE FOR ISSUING THE BONDS The Bonds will be issued for the purpose of (a) financing or reimbursing all or a portion of the cost of public infrastructure as permitted under the Special District Act, Title 17B, (b) funding capitalized interest (as necessary), (c) funding any necessary reserve and/or surplus funds, and (d) paying costs of issuance of the Bonds. REVENUES TO BE PLEDGED The Bonds are limited tax general obligations of the Issuer payable from all or any portion of ad valorem property taxes of the Issuer and pioneering agreement revenues, if any (collectively, the 'Pledged Revenues'). PARAMETERS OF THE BONDS The Issuer intends to issue the Bonds in the combined aggregate principal amount of not more than Ten Million Dollars ($10,000,000). The Bonds shall mature in not more than thirty- one (31) years from their date or dates, taxes being imposed for a period of up to forty (40) years from the first date of imposition thereof, to be sold at a price not less than ninety-five percent (95%) of the total principal amount thereof (except for capital appreciation bonds which shall just be limited to the maximum par amount as described herein), and bearing interest at a rate or rates of not to exceed twelve percent (12%) per annum. The Bonds are to be issued and sold by the Issuer pursuant to the Resolution, including as part of said Resolution an Indenture of Trust (the 'Indenture'). OUTSTANDING BONDS SECURED BY REVENUES Other than the proposed Bonds, the Issuer currently has $-0- principal amount of bonds outstanding secured by the Pledged Revenues. 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 is estimated at approximately $10,033,050 for the 2026 Bonds. A copy of the Resolution and the Indenture are on file in the office of McDonald Fielding, PLLC, 230 North 1680 East, Suite W2, St. George, UT, 84790, where they may be examined during regular business hours from 9:00 a.m. to 4:00 p.m. for a period of at least thirty (30) days from and after the date of publication of this notice. For electronic copies of the Resolution and the Indenture, please call (801) 792-2561 or email kyle@mcdonaldfielding.com. 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, or the Bonds, or any provision made for the security and payment of the 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 June 25, 2026. Board of Trustees of Avian Shores Public Infrastructure District

Notice of Special Accommodations (ADA)

The District complies with the Americans with Disabilities Act by providing accommodations and auxiliary communicative aids and services for all those in need of assistance. Persons requesting these accommodations for public meetings should email kyle@mcdonaldfielding.com by 3:00 p.m. on the last business day before the meeting date.

Notice of Electronic or Telephone Participation

Microsoft Teams meeting https://teams.live.com/meet/9321238280480?p=EUOH8e7EMbNU8WObP7 Meeting ID: 932 123 828 048 0 Passcode: N4Ya6C

Meeting Information

Meeting Location

9 West Forest St
Suite 208 - Conference Room
Brigham City, UT 84302
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Notice Posting Details

Notice Posted On

June 26, 2026 01:17 PM

Notice Last Edited On

June 26, 2026 01:17 PM

Deadline Date

July 14, 2026 09:00 AM

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