General Information

Government Type

Municipality

Entity

Wellsville

Public Body

City Council

Notice Information

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Notice Title

NOTICE OF PUBLIC HEARING AND BONDS TO BE ISSUED

Notice Tags

Bonds

Notice Type(s)

Event Start Date & Time

May 19, 2010 06:00 PM

Event End Date & Time

May 19, 2010 07:00 PM

Description/Agenda

PARAMETERS FOR ISSUING THE SERIES 2010 BONDS The Issuer intends to issue the Series 2010 Bonds in the aggregate principal amount of not to exceed One Million Dollars ($1,000,000) to bear interest at a rate or rates of not to exceed six percent (6%) per annum, to mature in not more than twenty (20) years from their date or dates, and to be sold at a price not less than ninety-eight percent (98%) of the total principal amount thereof. The Series 2010 Bonds are to be issued and sold by the Issuer pursuant to the Resolution, including as part of said Resolution, a General Indenture dated as of August 1, 1987, a Fifth Supplemental Indenture dated as of May 1, 2010 (collectively, the "Indenture"), and the Authorizing Resolution which were before the Council and attached to the Resolution in substantially final form at the time of the adoption of the Resolution, and said Authorizing Resolution is to be adopted and executed by the Commission, and such Fifth Supplemental Indenture is to be executed, in such form and with such changes thereto as shall be approved by the Council upon the adoption thereof; provided that the principal amount, interest rate or rates, maturity, and discount of the Series 2010 Bonds will not exceed the maximums set forth above. A copy of the Resolution, the Authorizing Resolution, and the Fifth Supplmental Indenture are on file in the office of the City Recorder of Wellsville City, Utah in Wellsville City, Utah, where they may be examined during regular business hours of the City Recorder from 9:00 a.m. to 4:30 p.m., Monday through Thursday, 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 Authorizing Resolution, the Indenture, or the Series 2010 Bonds, and that after such time, no one shall have any cause of action to contest the regularity, fomality, or legality thereof for any cause whatsoever. DATED this April 21, 2010.

Notice of Special Accommodations (ADA)

NA

Notice of Electronic or Telephone Participation

NA

Meeting Information

Meeting Location

75 East Main
wellsvillecourt@comcast.net, 84339
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Contact Name

Laurie Christensen

Contact Email

wellsvillecourt@comcast.net

Contact Phone

(435)245-3686

Notice Posting Details

Notice Posted On

April 22, 2010 03:40 PM

Notice Last Edited On

April 22, 2010 03:40 PM

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