NOTICE OF INTENT TO ISSUE A LEASE REVENUE BOND AND PUBLIC HEARING
Notice Tags
Public Meeting, Public Hearing
Notice Type(s)
Notice,
Meeting,
Hearing,
Bond
Event Start Date & Time
October 6, 2026 06:30 PM
Event End Date & Time
October 6, 2026 06:30 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, and the Local Government Bonding Act, Title 11, Chapter 14, Utah Code Annotated 1953, as amended (together, the 'Act'), that the Governing Board (the 'Board') of the Municipal Building Authority of the City of South Jordan, Utah (the 'Authority') intends to issue its Lease Revenue 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 October 6, 2026, at 6:30 p.m., at 1600 W. Towne Center Drive, South Jordan, Utah. The purpose of the Series 2026 Bonds is to provide funds to finance the acquisition and construction of a new fire station and related improvements including a portion of fire training facilities located offsite (the 'Series 2026 Project'); (b) fund any required debt service reserve fund; and (c) pay costs associated with the issuance of the Series 2026 Bonds. The length of term of the Series 2026 Bonds shall not exceed 26 years. The average annual amount that the Authority will be required to pay in principal and interest on the Series 2026 Bonds is $1,732,500. The intended lessee of the facility to be constructed using proceeds from the Series 2026 Bonds is the City of South Jordan, Utah (the 'City') and the expected annual amount of lease payments that the City will pay is $1,732,500. 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 September 16, 2026.
/s/ Anna Crookston
Secretary-Treasurer
Notice of Special Accommodations (ADA)
NOTICE OF SPECIAL ACCOMMODATION DURING PUBLIC MEETINGS
In compliance with the Americans with Disabilities Act, individuals needing special accommodations (including auxiliary communicative aids and services) during this meeting should notify the Assistant City Manager at 801-446-HELP (4357) at least 24 hours prior to this meeting.