General Information

Government Type

Municipality

Entity

Gunnison

Public Body

City Council

Notice Information

Add Notice to Calendar

Notice Title

Gunnison City Council Public Hearing

Notice Tags

Economic Development

Notice Type(s)

Notice, Hearing

Event Start Date & Time

May 19, 2021 07:00 PM

Event End Date & Time

May 19, 2021 07:30 PM

Description/Agenda

NOTICE OF PUBLIC HEARING CITY COUNCIL OF GUNNISON CITY, UTAH 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 (the 'Act') and Section 147 of the Internal Revenue Code of 1986, as amended, that on May 19, 2021, the City Council (the 'Council') of Gunnison City, Utah (the 'City') will hold a public hearing at 38 West Center, Gunnison, Utah at 7:00 p.m. regarding the issuance of the City's Industrial Development Revenue Bonds, Series 2021 (Future Comp Project) (or such other designation as may be determined by the City) (the 'Bonds') in the aggregate principal amount of not to exceed $10,000,000. It is anticipated that the City will loan the proceeds of the Bonds to Future Comp LLC, a Utah limited liability company (the 'Borrower') for the purpose of financing the costs of acquisition, construction and equipping by the Borrower of a bicycle components manufacturing facility and related facilities (the 'Project'). The Project will be on approximately 10 acres located at approximately 425 East 400 North in Gunnison, Utah. The Project and related property and improvements will be owned and operated by the Borrower. 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. Comments at the public hearing are invited. Written comments may be submitted to the Finance Director at City's offices located at 38 West Center in Gunnison, Utah, until 7:00 p.m. on May 19, 2021. Additional information may be obtained from the Recorder at its office shown above or by calling (435) 528-7969. 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 of the City within the meaning of any constitutional or statutory debt limitation or restriction. Date: April 30, 2021

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 City Offices at (435)528-7969 giving 24 hours notice

Notice of Electronic or Telephone Participation

NA

Meeting Information

Meeting Location

38 West Center
P.O. Box 790
Gunnison, UT 84634
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Contact Name

Angela Leatherwood

Contact Email

a.leatherwood@gunnisoncityut.gov

Contact Phone

(435)528-7969

Notice Posting Details

Notice Posted On

April 30, 2021 11:11 AM

Notice Last Edited On

June 17, 2021 02:31 PM

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