General Information

Government Type

Municipality

Entity

Huntsville

Public Body

Town Council

Notice Information

Add Notice to Calendar

Notice Title

Notice of Bonds

Notice Tags

Bonds

Notice Type(s)

Notice

Event Start Date & Time

June 10, 2019 04:00 PM

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, that on June 6, 2019, the Town Council (the 'Council') of Huntsville Town, Utah (the 'Issuer'), adopted a resolution (the 'Resolution') in which it authorized the issuance of the Issuer's Water Revenue Refunding Bonds, Series 2019 (the 'Bonds'). PURPOSE FOR ISSUING THE BONDS The Bonds will be issued for the purpose of (a) refunding all or a portion of the Issuer's outstanding water revenue bonds and (b) paying costs of issuance of the Bonds. PARAMETERS OF THE BONDS The Issuer intends to issue the Bonds in the aggregate principal amount of not more than Nine Hundred Thousand Dollars ($900,000), to mature in not more than fifteen (15) 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 percent (3.0%). The Bonds are to be issued and sold by the Issuer pursuant to the Resolution, including as part of said Resolution, a Master Resolution (the 'Master Resolution') which was before the Council and attached to the Resolution in substantially final form at the time of the adoption of the Resolution. SECURITY PLEDGE FOR PAYMENT OF THE BONDS The Bonds will be secured by a pledge of the net revenues of the Issuer's water system. A copy of the Resolution, the Master Resolution and the Bond Purchase Agreement are on file in the office of the Huntsville Town Recorder, 7309 East 200 South, Huntsville, Utah, where they may be examined during regular business hours of the Town 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 Master Resolution, or the Bonds, or any provision made for the security and payment of the 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 June 6, 2019. /s/ Beckki Endicott Town Recorder

Notice of Special Accommodations (ADA)

In compliance with the Americans with Disabilities Act, persons needing assistance with attendance to these meetings should call Gail Ahlstrom @ 745-3420, giving at least a 48 hour advance notice

Notice of Electronic or Telephone Participation

NA

Meeting Information

Meeting Location

7309 East 200 South
Huntsville, 84317
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Contact Name

Beckki Endicott

Contact Email

bendicott@huntsvilleutah.gov

Notice Posting Details

Notice Posted On

June 10, 2019 03:29 PM

Notice Last Edited On

June 10, 2019 03:29 PM

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