Notice of Public Hearing and Intent to Issue General Obligation Bonds
Notice Subject(s)
Hearings
, Bonds
Notice Type(s)
Notice,
Meeting,
Hearing,
Bond
Event Start Date & Time
September 25, 2018 05:30 PM
Event End Date & Time
September 25, 2018 07:30 PM
Description/Agenda
NOTICE OF PUBLIC HEARING
PROVO CITY, UTAH
PUBLIC NOTICE IS HEREBY GIVEN that on August 7, 2018, the Municipal Council (the 'Municipal Council') of Provo City, Utah (the 'City') adopted a resolution (the 'Resolution'), providing for a local special bond election to be held in the City on Tuesday, November 6, 2018, for the purpose of submitting to the qualified electors of the City the question of the issuance of general obligation bonds in an amount not to exceed $69,000,000 (the 'Local Special Bond Election') and calling a public hearing to receive input from the public with respect to the issuance of general obligation bonds and the potential economic impact that the improvement, facility, or property for which the bonds pay all or part of the cost will have on the private sector, pursuant to the Section 11-14-318 of the Utah Code Annotated 1953, as amended.
If approved by eligible voters at the Local Special Bond Election, the City intends to issue general obligation bonds for the purpose of raising money paying all or a portion of the costs of acquiring, constructing, and equipping in the downtown area a new police and fire headquarters, emergency dispatch center, and city hall; acquiring, constructing, and equipping a new fire station to replace the fire station on Canyon Road; and providing for related improvements in Provo City; and, to the extent necessary, for providing moneys for the refunding of general obligation bonds.
If approved by eligible voters at the Local Special Bond Election, the City intends to issue general obligation bonds in an amount not to exceed $69,000,000, in one or more series at one or more times.
The City proposes to pledge the full faith and credit of the City for the payment of its general obligation bonds and will be obligated to levy and collect ad valorem taxes sufficient to pay the general obligation bonds, as provided by law.
The City will hold a public hearing during its Municipal Council meeting which begins at 5:30 p.m. on September 25, 2018. The public hearing will be held at the regular meeting place of the Municipal Council in the Municipal Council Chambers, Room 200, 351 West Center, in Provo, Utah. All members of the public are invited to attend and participate in the public hearing. Prior to the public hearing, written comments may be submitted to the City, to the attention of the City Recorder.
DATED this 7th day of August, 2018.
PROVO CITY, UTAH
Notice of Special Accommodations (ADA)
In compliance with the Americans with Disabilities Act, individuals needing special accommodations (including auxiliary communicative aides and services) during this meeting are invited to notify the Provo Council Office at 351 W. Center, Provo, Utah 84601, phone: (801) 852-6120 or email evanderwerken@provo.org at least three working days prior to the meeting. The meeting room in Provo City Center is fully accessible via the south parking garage access to the elevator. The Council Meeting is also broadcast live Provo Channel 17 at https://www.youtube.com/user/ProvoChannel17. The Work Meeting is broadcast live at https://www.youtube.com/user/ProvoCityCouncil. For access to past Work and Council Meetings, go to playlists on https://www.youtube.com/user/ProvoChannel17.
Notice of Electronic or Telephone Participation
One or more Council members may participate by telephone or Internet communication in this meeting. Telephone or Internet communications will be amplified as needed so all Council members and others attending the meeting will be able to hear the person(s) participating electronically as well as those participating in person. The meeting will be conducted using the same procedures applicable to regular Municipal Council meetings.