General Information

Government Type

Municipality

Entity

Garland

Public Body

City Council

Notice Information

Add Notice to Calendar

Notice Title

Notice of Public Hearing and Intent to Issue Sales Tax Revenue Bonds

Notice Tags

Bonds

Notice Type(s)

Notice, Hearing

Event Start Date & Time

January 17, 2024 08:00 PM

Description/Agenda

CITY OF GARLAND, UTAH NOTICE OF PUBLIC HEARING AND INTENT TO ISSUE SALES TAX REVENUE BONDS PUBLIC NOTICE IS HEREBY GIVEN that the City Council (the 'Council') of the City of Garland, Utah (the 'City'), shall hold a public hearing to receive input from the public with respect to the issuance of its Sales Tax Revenue Bonds (the 'Bonds') to finance all or a portion of the cost of acquisition and construction of street improvements in the City, and related improvements (collectively the 'Project') and the potential economic impact that the Project will have on the private sector, pursuant to the Local Government Bonding Act, Title 11, Chapter 14, Utah Code Annotated 1953, as amended (the 'Act'). PURPOSE FOR ISSUING BONDS The City intends to issue the Bonds for the purpose of (1) financing all or a portion of the costs of the acquisition, construction and improvement of the Project and, (2) providing for capitalized interest and reserves, if necessary, (3) paying the costs incurred in connection with the issuance and sale of the Bonds. MAXIMUM PRINCIPAL AMOUNT OF THE BONDS The City intends to issue the Bonds in an aggregate principal amount not exceeding $4,500,000. SALES TAXES PROPOSED TO BE PLEDGED The City proposes to pledge to the payment of the Bonds all of the legally available revenues from Local Sales and Use Taxes received by the City pursuant to Title 59, Chapter 12, Part 2, Utah Code and franchise taxes levied by the City. TIME, PLACE AND LOCATION OF PUBLIC HEARING The City will hold a public hearing during its City Council meeting that begins at 8:00 p.m. on January 17, 2024. The public hearing will be held at the regular meeting place of the Council at City Hall, 72 North Main Street, Garland, Utah. All members of the public are invited to attend and participate in the public hearing. Written comments may be submitted to the City, to the attention of the City Recorder, prior to the public hearing. PURPOSE FOR HEARING The purpose of the hearing is to receive input from the public with respect to the issuance of the Bonds and the potential economic impact that the Project will have on the private sector. NOTICE OF RIGHT TO FILE PETITION TO HOLD AN ELECTION NOTICE IS FURTHER GIVEN that pursuant to Section 11-14-307(7), Utah Code, if within 30 calendar days of the publication of this notice on December 27, 2023, a written petition requesting an election and signed by at least twenty percent (20%) of the registered voters of the City is filed with the City, then the City shall submit the question of whether or not to issue the Bonds to the voters of the City for their approval or rejection. If no written petition is filed or if fewer than 20% of the registered voters of the City sign a written petition, in either case, within 30 calendar days of the final publication of this notice on December 27, 2023, the City may proceed to issue the Bonds without an election. DATED December 20, 2023. CITY OF GARLAND, UTAH

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 Sharlet Anderson at 435-257-3118.

Notice of Electronic or Telephone Participation

NA

Meeting Information

Meeting Location

72 North Main St
Garland, UT 84312
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Contact Name

Kristal Edwards

Contact Email

kristal@garlandutah.gov

Contact Phone

4352573118 ext. 1001

Notice Posting Details

Notice Posted On

January 02, 2024 03:30 PM

Notice Last Edited On

January 02, 2024 03:30 PM

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