R26-46 Resolution authorizing the Issuance and Sale of Water Revenue Refunding Bond
Notice Type(s)
Notice
Event Start Date & Time
July 21, 2026 06:30 PM
Description/Agenda
A RESOLUTION OF THE MUNICIPAL COUNCIL OF MURRAY CITY, UTAH
(THE 'CITY'), AUTHORIZING THE ISSUANCE AND SALE OF NOT MORE
THAN $7,791,000 AGGREGATE PRINCIPAL AMOUNT OF WATER
REVENUE REFUNDING BONDS, SERIES 2026 (TO BE ISSUED IN ONE OR
MORE SERIES AND WITH SUCH OTHER SERIES OR TITLE AS MAY BE
DETERMINED) (THE 'SERIES 2026 BONDS'); FIXING THE MAXIMUM
AGGREGATE PRINCIPAL AMOUNT OF THE SERIES 2026 BONDS, THE
MAXIMUM NUMBER OF YEARS OVER WHICH THE SERIES 2026 BONDS
MAY MATURE, THE MAXIMUM INTEREST RATE WHICH THE SERIES
2026 BONDS MAY BEAR, AND THE MAXIMUM DISCOUNT FROM PAR
AT WHICH THE SERIES 2026 BONDS MAY BE SOLD; DELEGATING TO
CERTAIN OFFICERS OF THE CITY THE AUTHORITY TO APPROVE THE
FINAL TERMS AND PROVISIONS OF THE SERIES 2026 BONDS WITHIN
THE PARAMETERS SET FORTH HEREIN; AUTHORIZING THE
PUBLICATION OF A NOTICE OF BONDS TO BE ISSUED AND THE
RUNNING OF A CONTEST PERIOD; AUTHORIZING AND APPROVING A
GENERAL INDENTURE OF TRUST, A SUPPLEMENTAL INDENTURE OF
TRUST, AND OTHER . DOCUMENTS REQUIRED IN CONNECTION
THEREWITH; AUTHORIZING THE TAKING OF ALL OTHER ACTIONS
NECESSARY TO THE CONSUMMATION OF THE TRANSACTIONS
CONTEMPLATED BY THIS RESOLUTION; AND RELATED MATTERS.