General Information

Government Type

Special Service District

Entity

Castle Valley Special Service District

Public Body

Board of Directors

Notice Information

Add Notice to Calendar

Notice Title

REVISED NOTICE OF PUBLIC HEARING

Notice Tags

Bonds

Notice Type(s)

Notice, Hearing

Event Start Date & Time

October 1, 2019 03:00 PM

Description/Agenda

NOTICE OF PUBLIC HEARING PUBLIC NOTICE IS HEREBY GIVEN that on August 20, 2019, the Board of County Commissioners (the 'Board') for Emery County, Utah acting as the Governing Body of the Castle Valley Special Service District, Utah (the 'District') adopted a resolution (the 'Resolution') calling an Election for November 5, 2019, to consider whether to issue General Obligation Bonds in an amount not to exceed $14,000,000 (the 'Bonds'), pursuant to the Utah Local Government Bonding Act, Title 11, Chapter 14, Utah Code Annotated 1953, as amended, (the 'Act') and calling the public hearing described below. TIME, PLACE AND LOCATION OF PUBLIC HEARING The Governing Body shall hold a public hearing on October 1, 2019, at the hour of 3:00 p.m. Mountain Time, or as soon thereafter as feasible. The location of the public hearing will be at the County's office at 75 E. Main Street, Castle Dale, Utah. The purpose of the public hearing is to receive input from the public with respect to the issuance of the Bonds and the potential economic impact that the facilities and associated assets and related improvements to be paid for, in whole or in part, will have on the private sector. All members of the public are invited to attend and participate. PURPOSE FOR ISSUING BONDS The District intends to issue the Bonds for the purpose of (i) acquiring or improving, through purchase or construction or both, facilities for the collection and treatment of sewage; facilities used in connection with the acquisition, treatment, storage, transportation, and supply of water for domestic, industrial secondary and other purposes; drainage and storm sewer facilities, including curbs and gutters; and transportation facilities consisting of roads, sidewalks and related bridges and viaducts; together with all necessary land, rights-of-way, equipment and furnishings therefor, and including such legal, engineering, and fiscal agent expenses reasonably incurred in connection with the acquisition of such facilities in and for the District (collectively, the 'Project'), (ii) for providing moneys for the refunding, at or prior to maturity thereof, of all or part of the bonds authorized hereunder or heretofore issued and now outstanding, and (iii) paying the costs of issuing the Bonds. PARAMETERS OF THE BONDS The District intends to issue the Bonds in an aggregate principal amount not to exceed $14,000,000, bearing interest at a rate or rates not to exceed 6%, with a maximum maturity of 15 years from the date of issuance. TAXES PROPOSED TO BE PLEDGED The Bonds shall be General Obligation Bonds for which the ad valorem or real property taxes on properties located in the District shall be pledged as security. /s/ Brenda Tuttle,County Clerk/Auditor To be published on: September 18 and September 25, 2019, in the ETV news.

Notice of Special Accommodations (ADA)

In compliance with the Americans with Disabilities Act, indiviudals needing special accommodations during this meeting should call Castle Valley Special Service District at 435-381-5333.

Notice of Electronic or Telephone Participation

None available

Meeting Information

Meeting Location

75 E. Main Street
Castle Dale, 84513
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Contact Name

Jacob Sharp

Contact Email

jsharp@etv.net

Notice Posting Details

Notice Posted On

September 12, 2019 11:34 AM

Notice Last Edited On

September 12, 2019 11:34 AM

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