General Information

Government Type

Municipality

Entity

Stockton

Public Body

Town Council

Notice Information

Add Notice to Calendar

Notice Title

Request for Public comment

Notice Tags

Water and Irrigation

Notice Type(s)

Notice, Hearing

Event Start Date & Time

December 8, 2022 07:00 PM

Event End Date & Time

December 8, 2022 08:00 PM

Description/Agenda

REQUEST FOR PUBLIC COMMENT Loan Authorization Dear Water User: Stockton Town applied to the Department of Environmental Quality, Drinking Water Board for a loan and grant to finance, in part, the acquisition and construction of improvements to the Issuer's Water System (the 'System'), and related improvements, including all equipment and necessary appurtenances thereof (the 'Project'). Security for the loan would be provided through the sale of a 'nonvoted' water revenue bond to the Drinking Water Board. The bonds will be issued in the amount of $640,000 bearing interest at the rate of 2.00% per annum, to be repaid over thirty (30) years. Payments shall be made from the net revenues of the Town's water system. It is anticipated that the base water rate will need to be increased by approximately $11.50 per month to service this loan and existing water revenue bonds of the Town. The Drinking Water Board has also authorized a grant in the amount of $640,000 that will not need to be repaid. It is the policy of the Drinking Water Board to provide a period for public comment. In this regard, the Town invites comments on the water project and associated loan (either favorable or negative). Interested individuals are encouraged to respond in writing before 1:00 p.m. on December 8, 2022. The Town will hold a public meeting on December 8, 2022 at 7:00 p.m., or as soon thereafter as feasible, at the regular meeting place of the Town at 18 N. Johnson Street, Stockton Utah. The Town will receive both written and oral comments at that time. Your comments will be considered and if there is significant opposition to the proposed project, the lending agency may require a bond election to obtain the Board's funds. Thank you for your consideration in this matter. Stockton Town

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 Martha Faaifoaso, Stockton town clerk, at 435-882-3877.

Notice of Electronic or Telephone Participation

None available at this time.

Meeting Information

Meeting Location

18 North Johnson Street
po box 240
Stockton, UT 84071
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Contact Name

Martha Faaifoaso

Contact Email

townclerk@stocktown.org

Contact Phone

(435)882-3877

Notice Posting Details

Notice Posted On

November 08, 2022 03:29 PM

Notice Last Edited On

November 09, 2022 10:41 AM

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