General Information

Government Type

County

Entity

Salt Lake County

Public Body

Council Public Notice

Notice Information

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Notice Title

Notice of Bonds to be Issued

Notice Tags

Bonds

Notice Type(s)

Notice

Event Start Date & Time

January 4, 2022 04:00 PM

Event End Date & Time

January 4, 2022 05:00 PM

Description/Agenda

NOTICE OF BONDS TO BE ISSUED NOTICE IS HEREBY GIVEN pursuant to the provisions of the Utah Refunding Bond Act, Title 11, Chapter 27, Utah Code Annotated 1953, as amended, that on January 4, 2022, the County Council (the 'Council') of Salt Lake County, Utah (the 'Issuer') adopted a resolution (the 'Resolution') in which it authorized the issuance of its General Obligation Refunding Bonds, Series 2024A (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) refunding outstanding bonds of the Issuer in order to achieve a debt service savings and (b) paying related expenses. PARAMETERS OF THE BONDS The Issuer intends to issue the Bonds in the aggregate principal amount of not to exceed Sixteen Million Dollars ($16,000,000), to mature in not more than sixteen (16) years, 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 five percent (5.0%) per annum (except while in default or upon an event of taxability, in which case the rate shall not exceed twelve percent (12.0%) 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 Issuer, provided that said final terms shall not exceed the maximums set forth above. A copy of the Resolution is on file in the office of the County Clerk at the Issuer's offices located at 2001 South State Street, Salt Lake City, 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. SECURITY PLEDGED FOR THE BONDS The Bonds are general obligations of the County secured by the full faith and credit and taxing power of the County. 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 January 4, 2022. /s/ Sherrie Swensen County Clerk

Notice of Special Accommodations (ADA)

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Notice of Electronic or Telephone Participation

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Meeting Information

Meeting Location

2001 South State Street
Suite N2-200
Salt Lake City, UT 84114
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Contact Name

Catalina Davison

Contact Email

cdavison@slco.org

Contact Phone

(385)468-7500

Notice Posting Details

Notice Posted On

January 05, 2022 11:18 AM

Notice Last Edited On

January 05, 2022 11:18 AM

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