General Information

Government Type

Municipality

Entity

Midway

Public Body

City Council

Notice Information

Add Notice to Calendar

Notice Title

PUBLIC HEARING REGARDING THE ISSUANCE OF GENERAL OBLIGATION BONDS

Notice Tags

Bonds

Notice Type(s)

Notice, Hearing, Bond

Event Start Date & Time

September 18, 2018 06:00 PM

Description/Agenda

NOTICE OF PUBLIC HEARING NOTICE IS HEREBY GIVEN pursuant to the provisions of the Local Government Bonding Act, Title 11, Chapter 14, Utah Code Annotated 1953, as amended, that on August 8, 2018, the City Council (the 'Council') of Midway City, Utah (the 'City'), adopted a resolution (the 'Resolution') in which it authorized the calling of an election (the 'Election') concerning a proposition for the issuance of the City's General Obligation Bonds (the 'Bonds') and called a public hearing to receive input from the public with respect to (a) the issuance of the Bonds and (b) any potential economic impact that the improvements, facilities or properties financed in whole or in part with the proceeds of the Bonds (see below) may have on the private sector. TIME, PLACE, AND LOCATION OF PUBLIC HEARING The Council shall hold a public hearing on Tuesday, September 18, 2018, at the hour of 6:00 p.m. in the Council Chambers, 160 West Main Street, Midway, Utah. The purpose of the hearing is to receive input from the public with respect to (a) the issuance of the Bonds and (b) any potential economic impact that the improvements, facilities, or properties financed in whole or in part with the proceeds of the Bonds may have on the private sector. All members of the public are invited to attend and participate. PURPOSE FOR ISSUING THE BONDS, MAXIMUM AMOUNT AND SECURITY The Bonds are to be issued in the aggregate principal amount of not to exceed $5,000,000 for the purpose of partnering with willing landowners, private organizations, land preservation foundations, governmental agencies and private donors, all at the discretion of the City Council, to pay all or a portion of the costs to preserve open space (as open space is defined and is consistent with the Midway City General Plan and as permitted by the laws of the State of Utah) and related improvements within the proposed annexation boundaries of the City as established in the land use map of the City dated December 13, 2017, including but not limited to acquisition of land, development rights, conservation easements, maintenance of use agreements, or related start-up expense. The Bonds shall be secured by ad valorem property taxes of the City to the extent authorized by law. The Bonds may be issued in one or more series and be sold from time to time, all as the Council may determine. DATED this August 8, 2018. /s/ _Brad Wilson City Recorder To be published on or about August 22, 2018 and August 29, 2018.

Notice of Special Accommodations (ADA)

For those individuals needing special assistance in accordance with the Americans with Disabilities Act, please contact Brad Wilson at the Midway City Office Building, at 75 North 100 West, Midway, UT 84049, 1-435-654-3223 x118, or by email at: bwilson@midwaycityut.org. The order of individual items on this agenda is subject to change to accommodate the needs of the Council and those in attendance. All times are approximate. City residents interested in giving opening remarks or an invocation should submit their name and address to the city recorder no sooner than one month and no later than 48 hours prior to the time of the meeting, specifying the particular meeting for which they are applying.

Notice of Electronic or Telephone Participation

Electronic or telephonic participation is permitted.

Meeting Information

Meeting Location

Midway Community Center
160 West Main Street
Midway, 84049
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Contact Name

Brad Wilson

Contact Email

bwilson@midwaycityut.gov

Contact Phone

(435)654-3223

Notice Posting Details

Notice Posted On

August 14, 2018 09:05 AM

Notice Last Edited On

August 14, 2018 09:05 AM

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