General Information

Government Type

Municipality

Entity

Kaysville

Public Body

City Council

Notice Information

Add Notice to Calendar

Notice Title

Notice of Public Hearing and Bonds to be Issued

Notice Tags

Bond

Notice Type(s)

Notice, Meeting, Hearing, Bond

Event Start Date & Time

November 5, 2026 07:00 PM

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 (the 'Act'), that on September 17, 2026, the City Council (the 'Council') of Kaysville City, Utah (the 'City'), adopted a resolution (the 'Resolution') authorizing the issuance of the City's Sales Tax Revenue Bonds, Series 2026 (the 'Series 2026 Bonds'), to be issued in one or more series and with such other series or title designation(s) as may be determined by the City and called a public hearing to receive input from the public with respect to the issuance of the Series 2026 Bonds. PURPOSE, TIME, PLACE AND LOCATION OF PUBLIC HEARING The City shall hold a public hearing on November 5, 2026, at the hour of 7:00 p.m. at 23 East Center Street, Kaysville, Utah. The purpose of the hearing is to receive input from the public with respect to (a) the issuance of the Series 2026 Bonds and (b) any potential economic impact that the project to be financed with the proceeds of the Series 2026 Bonds may have on the private sector. All members of the public are invited to attend and participate. PURPOSE FOR ISSUING THE SERIES 2026 BONDS The Series 2026 Bonds will be issued for the purpose of (a) financing the refurbishing and expansion of the public works and utility operations center and all related improvements (collectively, the 'Project'), (b) funding a deposit to a debt service reserve fund, if necessary, and (c) paying costs of issuance of the Series 2026 Bonds. PARAMETERS OF THE SERIES 2026 BONDS The City intends to issue the Series 2026 Bonds in the aggregate principal amount of not more than Six Million Five Hundred Thousand Dollars ($6,500,000), to mature in not more than twenty-one (21) years from their date or dates, to be sold at a price of not less than ninety-eight percent (98%) of the total principal amount thereof, and to bear interest at a rate or rates not to exceed six percent (6.00%) per annum. The Series 2026 Bonds are to be issued and sold by the City pursuant to the Resolution, including as part of said Resolution a General Indenture of Trust and a Second Supplemental Indenture of Trust (together, the 'Indenture'), which will be before the Council in substantially final form at the time of the adoption of the Resolution. REVENUES PROPOSED TO BE PLEDGED The City proposes to pledge all or a portion of the (i) local sales and use tax revenues received by the City pursuant to the Local Sales and Use Tax Act, Title 59, Chapter 12, Part 2 of the Utah Code, (ii) the Municipal Energy Sales and Use Tax revenues received by the City pursuant to Title 10, Chapter 1, Part 3, Utah Code; and (iii) the Telecommunications Franchise Tax revenues received by the City pursuant to Title 10, Chapter 1, Part 4, Utah Code for the payment of the Series 2026 Bonds (the 'Revenues'). OUTSTANDING BONDS SECURED BY REVENUES The City currently has no bonds outstanding secured by the Revenues. OTHER OUTSTANDING BONDS OF THE CITY Information regarding all of the City's outstanding bonds may be found in the City's audited financial report (the 'Financial Report') at: https://reporting.auditor.utah.gov/searchreports/s/. For additional information more recent than as of the date of the Financial Report please contact Jaysen Christensen, City Manager at (801) 497-7007. TOTAL ESTIMATED COST Based on an estimate of the current interest rate and financing plan, the estimated total debt service cost of the Series 2026 Bonds, if held until maturity is $9,166,725.00. A copy of the Resolution and the Indenture will be on file in the office of the City Recorder, 23 East Center Street, Kaysville, Utah, where they may be examined during regular business hours of the City Recorder from 8:30 a.m. to 5:00 p.m., Monday through Thursday, and from 8:30 a.m. to 1:00 p.m. on Friday, for a period of at least thirty (30) days from and after the date of publication of this notice. 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 of interest shall have the right to contest the legality of the Resolution, the Indenture (but only as it relates to the Series 2026 Bonds), or the Series 2026 Bonds, or any provision made for the security and payment of the Series 2026 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 September 17, 2026. /s/ Annemarie Plaizier City Recorder

Notice of Special Accommodations (ADA)

Kaysville City is dedicated to a policy of non-discrimination in admission to, access to, or operations of its programs, services or activities. If you need special assistance due to a disability, please contact the Kaysville City Offices at 801-546-1235.

Notice of Electronic or Telephone Participation

A member of the governing body may participate in meetings by telephone providing that at least three members of the City Council are present in person at the meeting, no more than two members of the governing body participate by telephone, and if the Mayor is participating by telephone, the governing body shall elect one of the members physically present to preside over the meeting as Mayor pro-tempore.

Other Information

This notice has been posted on the Utah Public Notice Website (www.utah.gov/pmn), the Kaysville City website (www.kaysville.gov), and at Kaysville City Hall, 23 East Center Street, Kaysville, Utah.

Meeting Information

Meeting Location

23 East Center Street
Kaysville, UT 84037
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Contact Name

Annemarie Plaizier

Contact Email

aplaizier@kaysville.gov

Notice Posting Details

Notice Posted On

September 18, 2026 01:35 PM

Notice Last Edited On

September 18, 2026 01:35 PM

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