General Information

Government Type

Municipality

Entity

Enterprise

Public Body

Enterprise City Council

Notice Information

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Notice Title

cancelled -PUBLIC HEARING - BOND

Notice Tags

Bonds

Notice Type(s)

Notice, Meeting

Event Start Date & Time

September 13, 2017 07:00 PM

Description/Agenda

NOTICE OF PUBLIC HEARING PUBLIC NOTICE IS HEREBY GIVEN that on August 9, 2017, the City Council (the 'Council') of the City of Enterprise, Utah (the 'City') adopted a resolution (the 'Resolution') calling a Bond Election for November 7, 2017, to consider whether to issue General Obligation Bonds in an amount not to exceed $450,000 (the 'Bonds'), pursuant to the Utah Local Government Bonding Act, Title 11, Chapter 14, Utah Code Annotated 1953, as amended, (the 'Act') and calling the public hearing described below. TIME, PLACE AND LOCATION OF PUBLIC HEARING The Council shall hold a public hearing on September 13, 2017, at the hour of 7:00 p.m., or as soon thereafter as feasible. The location of the public hearing will be the City of Enterprise Council Chambers at 375 S. 200 E., Enterprise, Utah. The purpose of the public hearing is to receive input from the public with respect to the issuance of the Bonds and the potential economic impact of flood mitigation and recreation improvements, including a park (the 'Project') that the improvement, facility, or property for which the Bonds will pay all or part of the cost will have on the private sector. All members of the public are invited to attend and participate. PURPOSE FOR ISSUING BONDS The City intends to issue the Bonds for the purpose of (i) constructing a portion of the Project (the park), most of which is financed without debt, and (ii) paying the costs of issuing the Bonds. PARAMETERS OF THE BONDS The City intends to issue the Bonds in an aggregate principal amount not to exceed $450,000, bearing interest at a rate or rates of not to exceed 4.25% per annum, with a maximum maturity of 30 years from the date of issuance. TAXES PROPOSED TO BE PLEDGED The Bonds shall be General Obligation Bonds for which ad valorem or real property taxes on properties located in the City shall be pledged as security. If the bond authorization is approved, the Council may obtain funds from another City fund, or from other sources if desirable funding terms can be secured. Taxes on a $150,000 home could be increased by an amount of $45.81 to repay the Bonds. /s/ Wendy Paine City Recorder

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 City Office at (435) 878-2221 at least 48 hours prior to the meeting.

Notice of Electronic or Telephone Participation

NA

Meeting Information

Meeting Location

375 South 200 East
City Council Chambers
ENTERPRISE, 84725
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Contact Name

Wendy Paine

Contact Email

wendy@enterpriseutah.org

Contact Phone

4358782221

Notice Posting Details

Notice Posted On

August 18, 2017 01:56 PM

Notice Last Edited On

September 12, 2017 02:44 PM

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