General Information

Government Type

Municipality

Entity

St. George

Public Body

City Council

Notice Information

Add Notice to Calendar

Notice Title

NOTICE OF PUBLIC HEARING AND BONDS TO BE ISSUED

Notice Tags

Bonds

Notice Type(s)

Notice, Hearing

Event Start Date & Time

December 10, 2020 04:00 PM

Description/Agenda

NOTICE OF BONDS TO BE ISSUED AND OF PUBLIC HEARING CITY COUNCIL OF THE CITY OF ST. GEORGE, UTAH WITH RESPECT TO NOT TO EXCEED $7,500,000 INDUSTRIAL FACILITIES AND DEVELOPMENT REVENUE BONDS (FAMILY HEALTHCARE) SERIES 2020 NOTICE IS HEREBY GIVEN pursuant to the provisions of the Utah Industrial Facilities and Development Act, Title 11, Chapter 17, Utah Code Annotated 1953, as amended, that on November 12, 2020, the City Council (the 'Council') of the City of St. George, Utah (the 'City') adopted a resolution (the 'Resolution') in which it authorized the issuance of the City's Industrial Development Revenue Bonds, Series 2020 (with such other designation as may be determined by the City) (the 'Bonds') in the aggregate principal amount of not to exceed $7,500,000 and to mature in not more than 30 years from the date of issuance. Pursuant to the Resolution, the City proposes to lend the proceeds of the Bonds to Southwest Utah Community Health Center, Inc. dba Family Healthcare, a Utah non-profit corporation (the 'Borrower') for the purpose of financing a portion of the acquisition and construction of an approximately 30,000 square feet medical office building to be used by the Borrower as a healthcare facility along with related improvements, furnishings and equipment (the 'Project') at approximately 2300 E. Riverside Dr., in St. George, Utah, between Taylor Andrews Academy and Millcreek High School. The Project will be owned and operated by the Borrower. NOTICE IS FURTHER GIVEN that, in connection with the City's proposed issuance of the Bonds, the City will meet electronically on December 10, 2020 at 4:00 p.m. via Zoom using Meeting ID 978 4750 3323 for the purpose of conducting a public hearing. Interested individuals are invited to express their views, both orally and in writing, on the proposed issue of the Bonds and the location and nature of the Project. The public may participate by visiting https://zoom.us/j/97847503323, calling 253-215-8782 meeting ID 978 4750 3323, or calling toll-free 877-230-5394 password 2582730#. Comments at the public hearing are invited. Written comments may be submitted to the City at its Council office located at 175 East 200 North, in St. George, Utah, until 3:00 p.m. on December 10, 2020. Additional information may be obtained from the City at its office shown above or by calling (435) 627-4003. Subsequent to the hearing, the Council will consider approving the Bonds. The City is authorized to issue the Bonds pursuant to the Act. The Bonds will be special limited obligations of the City payable solely from amounts provided by the Borrower, including monies and securities held from time to time pursuant to a loan or other financing agreement and related security documents pursuant to which the Bonds are to be issued. The Bonds and the interest thereon will not be a debt of the City or of the State of Utah or any political subdivision, and neither the City nor the State of Utah or any political subdivision will be liable thereon, and in no event will the Bonds or the interest thereon be payable out of any funds or properties other than those of the Borrower. The Bonds will not constitute indebtedness within the meaning of any constitutional or statutory debt limitation or restriction. The Bonds are to be issued and sold by the City pursuant to the Resolution and a Final Bond Resolution to be adopted by the City. A copy of the Resolution is on file in the office of the City Recorder of the City at 175 East 200 North, St. George, Utah, where it may be examined during regular business hours of the City from 8:00 a.m. to 5:00 p.m., Monday through Friday, 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 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. Date: November 12, 2020 /s/ Christina Fernandez City Recorder

Notice of Special Accommodations (ADA)

NA

Notice of Electronic or Telephone Participation

NA

Meeting Information

Meeting Location

175 East 200 North
St. George, UT 84770
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Contact Name

Christina Fernandez

Contact Email

christina.fernandez@sgcityutah.gov

Contact Phone

(435)627-4003

Notice Posting Details

Notice Posted On

November 16, 2020 02:31 PM

Notice Last Edited On

November 16, 2020 02:31 PM

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