General Information

Government Type

State Agency

Entity

Office of State Treasurer

Public Body

Utah Charter School Finance Authority

Notice Information

Add Notice to Calendar

Notice Title

Notice of Public Hearing (TEFRA)

Notice Type(s)

Notice, Hearing, Bond

Event Start Date & Time

October 13, 2026 10:00 AM

Event End Date & Time

October 13, 2026 10:15 AM

Description/Agenda

NOTICE OF PUBLIC HEARING AND NOTICE OF BONDS TO BE ISSUED NOTICE IS HEREBY GIVEN that on September 21, 2026, the Utah Charter School Finance Authority (the 'Authority') adopted a resolution (the 'Resolution') declaring its intent to issue charter school revenue bonds in an amount not to exceed $20,000,000, to bear interest at interest rates not to exceed 7.00% per annum, which interest may be federally taxable or tax-exempt, to mature in not more than 40 years, and to be sold to the purchasers thereof at a discount of not more than 95% of the principal amount thereof (the 'Bonds') pursuant to the Charter School Financing Act, Title 53G, Chapter 5, Part 6, Utah Code Annotated 1953, as amended, and the Utah Industrial Facilities and Development Act, Title 11, Chapter 17, Utah Code Annotated 1953, as amended (collectively, the 'Act'). The Authority or its designee shall hold a public hearing on October 13, 2026 at 10:00 a.m., at the offices of the State Treasurer, C180 State Capitol Complex (Room 180 in the State Capitol), Salt Lake City, Utah to receive input from the public with respect to the issuance of the Bonds and the financing of the costs of the Facilities (as defined below). Public access to the public hearing shall be both in person and by remote access. The Authority proposes to loan the proceeds of the Bonds to Wasatch Waldorf Charter School, Inc., a Utah non-profit corporation (the 'Borrower'), pursuant to the terms of a loan agreement (the 'Loan Agreement') for the purpose of refunding the Issuer's outstanding Charter School Revenue Bonds (Wasatch Waldorf Charter School Project), Series 2018A, financing the cost of acquiring and constructing an expansion of the Borrower's existing facilities, providing for capitalized interest, if necessary, funding a debt service reserve, and paying costs of issuance of the Bonds. The facilities to be financed or refinanced by the Bonds (the 'Facilities') consist of an approximately 12,718 square-foot expansion to the Borrower's existing 42,969 square-foot charter school facility, and a remodel of a portion of such existing facility, located on approximately 2.7 acres at 1458 E. Murray-Holladay Road, Holladay, Utah 84117. The Facilities are or will be owned and operated by the Borrower. The Bonds will be special obligations of the Authority payable solely from the trust estate pledged under a Trust Indenture between the Authority and U.S. Bank Trust Company, National Association, as trustee thereunder (collectively, the 'Indenture'). The Bonds and the interest thereon will not be a general obligation debt of the Authority, the State of Utah or any political subdivision thereof, and none of the Authority, the State of Utah nor any political subdivision thereof will be liable thereon, and in no event will the Bonds or the interest thereon be payable out of any funds or properties other than those expressly provided therefor under the Indenture. The Bonds shall be issued in an aggregate principal amount of up to $20,000,000. All members of the public are invited to attend and participate in the public hearing. Written comments may be submitted to the Utah Charter School Finance Authority, Utah State Treasurer, C180 State Capitol Complex, Salt Lake City, Utah 84114, Attention Chief Deputy State Treasurer. Written comments should be mailed in sufficient time to be received before the October 13, 2026, public hearing. Additional information can be obtained from the Authority at its office shown above or by calling (801) 538-1042. Subsequent to the public hearing, the Governor of the State of Utah will consider approving the issuance of the Bonds. NOTICE IS FURTHER GIVEN that a period of 30 days after the date of 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, the Loan Agreement 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 September 21, 2026. UTAH CHARTER SCHOOL FINANCE AUTHORITY NOTICE OF PUBLIC HEARING AND NOTICE OF BONDS TO BE ISSUED NOTICE IS HEREBY GIVEN that on September 21, 2026 the Utah Charter School Finance Authority (the 'Authority') adopted a resolution (the 'Resolution') declaring its intent to issue charter school revenue bonds in an aggregate principal amount not to exceed $19,000,000, to mature in not more than 40 years, to bear interest at rates not to exceed 9.25% per annum (exclusive of any default rate), and to be sold to the purchasers thereof at a discount of not more than 10% of the principal amount thereof (the 'Bonds'), pursuant to Title 53G, Chapter 5, Part 6, Utah Code Annotated 1953, as amended and the Utah Industrial Facilities and Development Act, Title 11, Chapter 17, Utah Code Annotated 1953, as amended (collectively, the 'Act'). The Authority or its designee shall hold a public hearing on October 13, 2026, at the hour of 10:00 a.m., to receive input from the public with respect to the issuance of the Bonds and the financing of the Series 2026 Project (defined below), which public hearing shall be held at the offices of the Authority, Utah State Treasurer, C180 State Capitol Complex (Room 180 in the State Capitol), Salt Lake City, Utah. The Authority proposes to loan the proceeds of the Bonds to Louisa May Alcott Community School, a Utah non-profit corporation (the 'Borrower'), pursuant to the terms of a Loan Agreement (the 'Loan Agreement') for the purpose of financing the acquisition and construction of charter school facilities in Mapleton, Utah (the 'Series 2026 Project'), funding a debt service reserve, if necessary, providing for capitalized interest, and paying costs of issuance of the Bonds. The Series 2026 Project will consist of the purchase and improvement of an approximately 32,348 square-foot charter school facility located on approximately 5.7 acres at 1244 East 1200 North, Mapleton, Utah. The Series 2026 Project is or will be owned and operated by the Borrower. The Bonds shall be special obligations of the Authority payable solely from the trust estate pledged under an Indenture of Trust (the 'Indenture'), between the Authority and UMB Bank, N.A., as trustee thereunder. The Bonds and the interest thereon will not be a general obligation debt of the Authority, the State of Utah or any political subdivision thereof, and none of the Authority, the State of Utah, or any political subdivision thereof will be liable thereon, and in no event will the Bonds or the interest thereon be payable out of any funds or properties other than those expressly provided therefor under the Indenture. The Bonds shall be issued pursuant to the Resolution and the Indenture. The Indenture and the Loan Agreement may contain such additional or alternative terms and provisions as shall be approved by the governing board of the Authority; provided that the principal amount, interest rate or rates, maturity and discount, if any, will not exceed the respective maximums described in the Resolution. Copies of the Resolution, the Indenture and the Loan Agreement are on file in the offices of the Authority, Utah State Treasurer, C180 State Capitol Complex (Room 180 in the State Capitol), Salt Lake City, Utah, where they may be examined from 8:00 a.m. to 5:00 p.m., Monday through Friday, except for legal holidays, for a period of at least 30 days from and after the date of publication of this notice. All members of the public are invited to attend and participate in the public hearing. Written comments may be submitted to the Utah Charter School Finance Authority, Utah State Treasurer, C180 State Capitol Complex, Salt Lake City, Utah 84114, Attention Chief Deputy State Treasurer. Written comments should be mailed in sufficient time to be received before the October 13, 2026, public hearing. Additional information can be obtained from the Authority at its office shown above or by calling (801) 538-1042. Subsequent to the public hearing, the Governor of the State of Utah will consider approving the issuance of the Bonds. NOTICE IS FURTHER GIVEN that a period of 30 days after the date of 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, the Loan Agreement 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 September 21, 2026. UTAH CHARTER SCHOOL FINANCE AUTHORITY

Notice of Special Accommodations (ADA)

In compliance with the Americans with disabilities Act, individuals needing special accommodations during this meeting should notify Reba Arndt, Administrative Assistant, at Room 180 State Capitol Building, 801-538-1042.

Notice of Electronic or Telephone Participation

One or more members of the Authority will participate via telephonic conference originated by the Chair, and the meeting shall be an electronic meeting, and the anchor location shall be the offices of the State Treasurer set forth above, within the meanin

Meeting Information

Meeting Location

350 N. State Street Ste 180
Salt Lake City, UT 84114
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Contact Name

Kirt Slaugh

Contact Email

kslaugh@utah.gov

Contact Phone

(801)538-1472

Notice Posting Details

Notice Posted On

September 22, 2026 09:09 AM

Notice Last Edited On

September 22, 2026 09:09 AM

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