General Information

Government Type

Municipality

Entity

South Jordan

Public Body

City Council

Notice Information

Add Notice to Calendar

Notice Title

City Council Public Notice

Notice Tags

Public Meetings

Notice Type(s)

Notice, Meeting

Event Start Date & Time

November 21, 2019 06:00 PM

Event End Date & Time

November 21, 2019 06:00 PM

Description/Agenda

NOTICE OF PUBLIC HEARING FOR THE SOUTH JORDAN CITY COUNCIL RELATING TO AN AMOUNT NOT TO EXCEED $87,750,000 OF PUBLIC FINANCE AUTHORITY REVENUE BONDS (ROSEMAN UNIVERSITY OF HEALTH SCIENCES PROJECT) SERIES 2020 Notice is hereby given that on Thursday, November 21, 2019, a public hearing, as required by Section 147(f) of the Internal Revenue Code of 1986, as amended (the 'Code'), will be held by the Chief Financial Officer of South Jordan, Utah (the 'City') with respect to the proposed plan of finance and the proposed issuance by the Public Finance Authority, Wisconsin (the 'Authority') of its Revenue Bonds (Roseman University of Health Sciences Project) Series 2020 in one or more series or issuances (the 'Bonds'), in a maximum stated principal amount not to exceed $87,750,000. The hearing will commence at 6:00 p.m. and will be held in the first floor classroom of the College of Dental Medicine building (RiverPark Eleven) located at 10894 South River Front Parkway, South Jordan, Utah 84095. The Bonds are expected to be issued, as tax-exempt qualified 501(c)(3) tax-exempt bonds issued for educational purposes, pursuant to Section 66.0304 of the Wisconsin Statutes, as amended, and pursuant to the plan of finance the proceeds from the sale of the Bonds will be loaned by the Authority to Roseman University of Health Sciences, formerly known as University of Southern Nevada, a Nevada Non-Profit corporation and 501(c)(3) organization (the 'Borrower'), and used to finance and refinance various capital projects as hereinafter described, a debt service reserve fund, capitalized interest and costs of issuance. The proceeds of the Bonds will finance a plan of finance that includes the following elements: (1) the acquisition of the building known as RiverPark Eleven, located at 10894 South River Front Parkway, South Jordan, Utah 84095 ('RiverPark Eleven'); (2) the acquisition of approximately 10.74 acres of land of which approximately 4.5 acres are improved with 192 parking spaces known as the AHVA property, located at 1786 Whitney Mesa Drive, Henderson, Nevada 89014 ('Crex-Rancho'); (3) the acquisition of the buildings known as 4 Sunset Way, Buildings A, B, and C, located at 4 Sunset Way, Henderson, Nevada 89014 ('Sunset Vista Park I'); (4) the acquisition of the building known as 4 Sunset Way, Building E, located at 4 Sunset Way, Henderson, Nevada 89014 ('Sunset Vista Park II'); (5) the acquisition of the building known as 14B Sunset Way, located at 14 Sunset Way, Building B, Henderson, Nevada 89014 ('Stonerose Research Lab'); (6) the financing of the construction, expansion, improvement, renovation, furnishing and equipping of the RiverPark Eleven, Crex-Rancho, Sunset Vista Park I, Sunset Vista Park II and Stonerose Research Lab; (7) funding of a debt service reserve fund; (8) funding of capitalized interest on the Bonds; and (9) funding of the costs of issuance of the Bonds (the 'Project'). The proceeds of the Bonds allocated to the RiverPark Eleven project element (including its share of the project elements described in clauses 7-9 above) will not exceed a maximum principal amount of $50,250,000 and the proceeds of the Bonds allocated to the project elements described in clauses 2-6 above (including their share of the project elements described in clauses 7-9 above) will not exceed a maximum principal amount of $37,500,000. The portion of the Project constituting bond financed property will be initially owned and principally used by the Borrower. The Bonds will be limited obligations of the Authority payable solely from the loan repayments to be made by the Borrower to the Authority, and certain funds and accounts established by the Indenture of Trust for the Bonds. The public hearing will provide a reasonable opportunity to be heard for persons wishing to express their views on the merits of the Project, its locations, the issuance of the Bonds, the plan of finance or related matters. Persons with disabilities who may need assistance should contact Sunil Naidu. Chief Financial Officer at (801) 254-3742 or Terrell Sparks, Vice President for Operations of the Borrower at (801) 878-1494, at least 24 hours prior to the meeting.

Notice of Special Accommodations (ADA)

NOTICE OF SPECIAL ACCOMMODATION DURING PUBLIC MEETINGS In compliance with the Americans with Disabilities Act, individuals needing special accommodations (including auxiliary communicative aids and services) during this meeting should notify the Assistant City Manager at 801-254-3742 at least 24 hours prior to this meeting.

Notice of Electronic or Telephone Participation

Only available when noticed as Electronic

Meeting Information

Meeting Location

10894 South River Front Parkway
College of Dental Medicine - First Floor Classroom
South Jordan, 84095
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Contact Name

Anna Crookston

Contact Email

acrookston@sjc.utah.gov

Contact Phone

(801)446-4357

Notice Posting Details

Notice Posted On

November 12, 2019 10:00 AM

Notice Last Edited On

November 12, 2019 10:00 AM

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