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Wasatch County Council
Entity: Wasatch County
Body: Wasatch County Council
Notice Title: Wasatch County Council
Notice Type: Notice
Event Start Date & Time: June 6, 2018 04:00 PM
Discussion/ Consideration on the County Council of Wasatch County, Utah (the 'County'), regarding a plan by Utah County, Utah (the 'Issuer') to issue its revenue bonds (the 'Bonds') in one or more series and in an aggregate principal amount not to exceed $35,000,000 with respect to facilities located in Wasatch County. The proceeds of the Bonds will be loaned to IHC Health Services, Inc., a Utah nonprofit corporation ('Intermountain'), and used, together with other available funds, to (i) finance, refinance, or reimburse Intermountain for its prior payment of, the costs of acquiring, constructing and equipping certain of the health care facilities described below which are or will be owned by Intermountain, (ii) fund a debt service reserve fund, if deemed advisable by the Issuer and Intermountain, and (iii) pay certain expenses incurred in connection with the issuance of the Bonds, including any premium and fees associated with the credit or liquidity enhancement of the Bonds, if credit or liquidity enhancement is deemed advisable by the Issuer and Intermountain. The costs of acquiring, constructing, improving or renovating the facilities listed below and the costs of acquiring equipment (including, but not limited to, medical equipment, computer equipment, office equipment and general building furniture, fixtures and equipment) to be used at the facilities listed below are expected to be financed with a combination of proceeds of the Bonds and funds of Intermountain. A general functional description and the location of each such facility and the maximum aggregate principal amount of Bonds to be issued with respect to each such facility are listed below: Wasatch County: renovation and expansion of facilities at Heber Valley Hospital, a 19-bed general acute-care hospital, including, but not limited to, approximately 75,000 square feet of hospital renovation and expansion space located at 1485 South Highway 40, Heber City, Utah - $35,000,000. The public hearing referred to above is required by Section 147(f) of the Internal Revenue Code of 1986, as amended (the 'Code'). Interested individuals are invited to express their views, either orally or in writing, on the proposed issuance of the Bonds. Comments at the public hearing are invited. Written comments may be submitted to the County at its offices located at the Wasatch County Administration Building, 25 North Main Street, Heber City, Utah 84032, Attention: County Attorney, until the commencement of the public hearing. Additional information can be obtained from the County at its office shown above. Subsequent to the public hearing, the County Council of the County will consider whether to approve the issuance of the Bonds for purposes of Section 147(f) of the Code. In accordance with the Americans with Disabilities Act, individuals needing special accommodations to participate in the public hearing should notify the Michelle Crook (435) 657-3190 at least one day prior to the meeting. DATED: May 18, 2018. WASATCH COUNTY, UTAH By /s/ Greg McPhie Chair
Notice of Special Accommodations:
Wasatch County will make efforts to provide reasonable accommodations to disabled members of the public in accessing County programs. Please contact Michelle Crook at the Wasatch County Council office at 435-657-3190 in advance if you have special needs.
Notice of Electronic or telephone participation:
There is no electronic participation at this time.
This notice was posted on: May 17, 2018 01:29 PM
This notice was last edited on: May 17, 2018 01:29 PM