4842-2703-9944, v. 1
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 11, 2020, the City Council (the 'Council') of Syracuse 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 September 22, 2020, at the hour of 6:00 p.m. in the City offices, located at 1979 West 1900 South, Syracuse, Utah. 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 $26,000,000 for the purpose of (i) financing all or a portion of the costs of acquiring, constructing, furnishing and equipping a park, (ii) refinancing the existing City Hall, a fire station, remodel of the police station and improvements to the public works building and related improvements and (iii) paying costs of issuance of the Bonds. 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 11, 2020.
/s/ Cassie Z. Brown
City Recorder
Notice of Special Accommodations (ADA)
In compliance with the Americans Disabilities Act, persons needing auxiliary communicative aids and services for this meeting should contact the City Offices at 825-1477 at least 48 hours in advance of the meeting.