General Information

Government Type

Municipality

Entity

Pleasant View

Public Body

City Council

Notice Information

Add Notice to Calendar

Notice Title

city council

Notice Tags

Bonds

Notice Type(s)

Notice

Event Start Date & Time

September 27, 2018 09:00 AM

Event End Date & Time

September 27, 2018 09:00 AM

Description/Agenda

NOTICE OF BONDS TO BE ISSUED NOTICE IS HEREBY GIVEN pursuant to the provisions of the Utah Refunding Bond Act, Title 11, Chapter 27, Utah Code Annotated 1953, as amended (the 'Act'), that on September 25, 2018, the City Council (the 'Council') of Pleasant View City, Utah (the 'Issuer'), adopted a resolution (the 'Resolution') in which it authorized the issuance of the Issuer's Water Revenue Refunding Bonds, Series 2018 (the 'Series 2018 Bonds') (to be issued in one or more series and with such other series or title designation(s) as may be determined by the Issuer). The Series 2018 Bonds will be issued for the purpose of (a) refunding a portion of the Issuer's outstanding water revenue bonds (the 'Refunded Bonds'), (b) funding a deposit to a debt service reserve fund, if necessary, and (c) paying costs of issuance of the Series 2018 Bonds. The Issuer intends to issue its Water Revenue Refunding Bonds, Series 2018 in the aggregate principal amount of not more than Nine Hundred Thousand Dollars ($900,000), to mature in not more than sixteen (16) years from their date or dates, to be sold at a price not less than ninety-eight percent (98%) of the total principal amount thereof, and to bear interest a rate of not to exceed three and one-half percent (3.5%). The Series 2018 Bonds are to be issued and sold by the Issuer pursuant to the Resolution, and a General Indenture of Trust, as supplemented by a Supplemental Indenture (collectively, the 'Indenture') 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 Indenture is to be executed by the Council in such form and with such changes thereto as shall be approved by the Issuer; provided that the principal amount, interest rate or rates, maturity, and discount of the Series 2018 Bonds will not exceed the maximums set forth above. The Series 2018 Bonds will be secured by a pledge of the net revenues of the Issuer's water system. A copy of the Resolution, the Indenture and the Bond Purchase Agreement are on file in the office of the Pleasant View City Recorder, 520 West Elberta Drive, Pleasant View, Utah, where they may be examined during regular business hours of the City Recorder 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 Indenture, or the Series 2018 Bonds, or any provision made for the security and payment of the Series 2018 Bonds, and that after such time, no one shall have any cause of action to contest the regularity, formality, or legality thereof for any cause whatsoever. DATED this September 25, 2018 /s/ Laurie Hellstrom City Recorder

Notice of Special Accommodations (ADA)

IN COMPLIANCE WITH THE AMERICANS WITH DISABILITIES ACT, PERSONS NEEDING AUXILIARY SERVICES FOR THESE MEETINGS SHOULD CALL THE PLEASANT VIEW CITY OFFICE AT 801-782-8529, AT LEAST 24 HOURS PRIOR TO THE MEETING.

Notice of Electronic or Telephone Participation

NA

Meeting Information

Meeting Location

520 W ELBERTA DRIVE
PLEASANT VIEW, 84414
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Contact Name

No Name

Contact Email

notapplicable@noemailprovided.gov

Contact Phone

NULL

Notice Posting Details

Notice Posted On

September 27, 2018 08:28 AM

Notice Last Edited On

September 27, 2018 08:28 AM

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