General Information

Government Type

Public School

Entity

Ogden School District

Public Body

Board of Education, Ogden City School District

Notice Information

Add Notice to Calendar

Notice Title

NOTICE OF BONDS TO BE ISSUED

Notice Tags

Bonds

Notice Type(s)

Notice

Event Start Date & Time

September 21, 2021 01:00 AM

Description/Agenda

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 September 16, 2021, the Board of Education (the 'Board') of Ogden City School District, Utah (the 'Issuer') adopted a resolution (the 'Resolution') in which it authorized the issuance of its General Obligation School Building Bonds (to be issued in one or more series and from time to time, with any other title or series designation) (the 'Bonds'). PURPOSE FOR ISSUING THE BONDS Pursuant to the Resolution, the Bonds are to be issued for the purpose of (a) paying all or a portion of the costs to purchase school sites, purchase or construct buildings, furnish schools or improve existing school property, as provided in the Board's November 6, 2018 Bond Election and (b) paying related expenses. PARAMETERS OF THE BONDS The Board intends to issue the Bonds in the aggregate principal amount of not to exceed Twenty-Seven Million Dollars ($27,000,000), to mature in not more than twenty-one (21) years from issuance, to be sold at a price not less than ninety-eight percent (98%) of the total principal amount thereof, and bearing interest at a rate or rates not to exceed six percent (6.0%) per annum. The Bonds are to be issued and sold by the Issuer pursuant to the Resolution, with such final terms and provisions as may be deemed appropriate by authorized officers of the Board, provided that said final terms shall not exceed the maximums set forth above. SECURITY PLEDGED FOR THE BONDS The Bonds are general obligations of the Board secured by the full faith and credit and taxing power of the Board. OUTSTANDING BONDS Other than the proposed Bonds, the Board currently has $79,716,000 of general obligation bonds currently outstanding. OTHER OUTSTANDING BONDS OF THE ISSUER Additional information regarding the Board's outstanding bonds or obligations may be found in the Board's financial report (the 'Financial Report') at: http://secure.utah.gov/auditor-search/. For additional information, including any information more recent than as of the date of the Financial Report, please contact Zane Woolstenhulme, Business Administrator at (801) 737-7300. TOTAL ESTIMATED COST Based on the Board's current plan of finance and a current estimate of interest rates, the total principal and interest cost of the Bonds if held until maturity is $32,304,000. A copy of the Resolution is on file in the office of the Business Administrator at the Board's offices located at 1950 Monroe Boulevard, Ogden, Utah, where they may be examined during regular business hours from 8:00 a.m. to 5:00 p.m. 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. DATED this September 16, 2021. /s/ Zane Woolstenhulme Business Administrator

Notice of Special Accommodations (ADA)

In compliance with Section 504 of the Rehabilitation Act of 1973 and the Americans with Disabilities Act of 1991, individuals needing special accommodations (including auxiliary aids and services) during this meeting should notify Jessica Bennington, Director of Human Resources, at 1950 Monroe Blvd., Ogden, UT, 737-7322, at least three days prior to the meeting.

Notice of Electronic or Telephone Participation

NA

Meeting Information

Meeting Location

1950 Monroe Blvd
Ogden, UT 84401
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Contact Name

Nelida Gil

Contact Email

giln@ogdensd.org

Contact Phone

801-737-7301

Notice Posting Details

Notice Posted On

September 21, 2021 11:03 AM

Notice Last Edited On

September 21, 2021 11:03 AM

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