General Information

Government Type

Special Service District

Entity

East Zion Special Service District

Public Body

Administrative Control Board

Notice Information

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Notice Title

NOTICE OF PUBLIC HEARING AND BONDS TO BE ISSUED

Notice Type(s)

Notice, Hearing, Bond

Event Start Date & Time

November 9, 2026 06:00 PM

Event End Date & Time

November 9, 2026 07:00 PM

Event Deadline Date & Time

11/08/26 05:00 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 October 20, 2026, the Administrative Control Board (the 'Board') of East Zion Special Service District, Utah (the 'Issuer'), adopted a resolution (the 'Resolution') in which it authorized the issuance of the Issuer's Sewer Revenue Bond Anticipation Notes, Series 2026 (the 'Notes') and called a public hearing to receive input from the public with respect to (a) the issuance of the Notes and (b) any potential economic impact that the Project described herein to be financed with the proceeds of the Notes may have on the private sector. TIME, PLACE AND LOCATION OF PUBLIC HEARING The Issuer shall hold a public hearing on November 9, 2026, at the hour of 6:00 p.m., at the Zion Ponderosa Conference Room, 5 Miles Up North Fork Road Mt. Carmel, Utah 84755. The purpose of the hearing is to receive input from the public with respect to (a) the issuance of the Notes and (b) any potential economic impact that the Project (defined herein) to be financed with the proceeds of the Notes may have on the private sector. All members of the public are invited to attend and participate. PURPOSE FOR ISSUING THE NOTES The Notes will be issued for the purpose of (a) financing all or a portion of the costs of construction of improvements to the Issuer's sewer system (the 'System'), and all related improvements (collectively, the 'Project') and (b) paying costs of issuance of the Notes. PARAMETERS OF THE NOTES The Issuer intends to issue the Notes in the aggregate principal amount of not more than One Million Three Hundred Seventy Thousand Dollars ($1,370,000), to mature in not more than four (4) years from their date or dates, to be sold at a price not less than ninety-eight percent (98%) of the total principal amount thereof and bearing interest at a rate or rates not to exceed six percent (6.0%) per annum. The Notes are to be issued and sold by the Issuer pursuant to the Resolution, including as part of said Resolution, a Master Resolution (the 'Master Resolution') which was before the Board in substantially final form at the time of the adoption of the Resolution and said Master Resolution is to be executed by the Issuer in such form and with such changes thereto as shall be approved by the Issuer; provided that the principal amount, interest rate or rates, maturity, and discount of the Notes will not exceed the maximums set forth above. The Issuer reserves the right to not issue the Notes for any reason and at any time up to the issuance of the Notes. REVENUES PROPOSED TO BE PLEDGED The Notes are special limited obligations of the Issuer payable from the net revenues of the System (the 'Revenues'). OUTSTANDING BONDS SECURED BY REVENUES The Issuer currently has $157,000 bonds outstanding secured by the Revenues. OTHER OUTSTANDING BONDS OF THE ISSUER Additional information regarding the Issuer's outstanding bonds may be found in the Issuer's financial report (the 'Financial Report') at: https://reporting.auditor.utah.gov/searchreports/s/. For additional information, including any information more recent than as of the date of the Financial Report, please contact the Clerk at (435) 691-2446 at extension 2451. TOTAL ESTIMATED COST OF NOTES Based on the Issuer's current plan of finance and a current estimate of interest rates, the interest cost of the Notes, if held until maturity, is $81,515 and the principal cost of the Notes, if held until maturity, is $1,370,000, for a total principal and interest cost of $1,451,758.17. (The Issuer expects to refinance the $1,370,000 principal amount of the Notes prior to the maturity of the Notes through the issuance of a longer-term bond.) Copies of the Resolution and the Master Resolution are on file in the office of the East Zion Special Service District Clerk, at 220 S. Twin Knolls Road, Mt. Carmel, Utah, where they may be examined during regular business hours from 8:00 a.m. to 5:00 p.m. Monday through 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 in interest shall have the right to contest the legality of the Resolution, the Master Resolution or the Notes, or any provision made for the security and payment of the Notes, 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 October 20, 2026. /s/ Lynnette Spencer Clerk

Notice of Special Accommodations (ADA)

In compliance with the Americans with Disabilities Act, individuals needing special accommodations (including auxiliary communicative aids and services) during this meeting should notify Lynnette Spencer at 435-691-2446.

Notice of Electronic or Telephone Participation

NA

Meeting Information

Meeting Location

220 S TWIN KNOLLS RD
MT CARMEL, UT 84755
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Contact Name

Lynnette Spencer

Contact Email

lynnette@zionponderosa.com

Contact Phone

4356912446

Notice Posting Details

Notice Posted On

October 22, 2026 01:02 PM

Notice Last Edited On

October 22, 2026 01:02 PM

Deadline Date

November 8, 2026 05:00 PM

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