NOTICE OF PUBLIC HEARING
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 August 20, 2024, the City Council (the 'Council') of the city of Cottonwood Heights, Utah (the 'City'), adopted a resolution (the 'Resolution') in which it authorized the calling of an election (the 'Election') concerning a proposition for the issuance of the City's General Obligation Bonds (the 'Bonds') and called a public hearing to receive input from the public with respect to (a) the issuance of the Bonds and (b) any potential economic impact that the improvements, facilities or properties financed in whole or in part with the proceeds of the Bonds (see below) may have on the private sector.
TIME, PLACE, AND LOCATION OF PUBLIC HEARING
The Council shall hold a public hearing on September 17, 2024, at the hour of 7:00 p.m. or as soon thereafter as possible, at 2277 Bengal Blvd., Cottonwood Heights, Utah. All members of the public are invited to attend and participate.
PURPOSE FOR ISSUING THE BONDS, MAXIMUM AMOUNT AND SECURITY
The Bonds are to be issued in the aggregate principal amount of not to exceed $30,000,000 for the purpose of financing and refinancing a portion of the costs to acquire and improve land (including prior bond carrying costs for the same), provide public open space and amenities, pedestrian improvements, and other needed infrastructure to facilitate economic development, community events and activities in and around the City's proposed Town Center at approximately 2300 East and Fort Union Blvd. in the City and paying costs of issuance of the Bonds. The Bonds shall be secured by ad valorem property taxes of the City to the extent authorized by law.
The Bonds may be issued in one or more series and be sold from time to time, all as the Council may determine.
DATED this August 30, 2024.
/s/ Paula Melgar
City Recorder
AVISO DE AUDIENCIA P BLICA
SE NOTIFICA POR LA PRESENTE, de conformidad con las disposiciones de la Ley de Bonos de Gobiernos Locales, T tulo 11, Cap tulo 14, C digo Anotado de Utah de 1953, seg n enmendado, que el 20 de agosto de 2024, el Consejo de la Ciudad (el 'Consejo') de la ciudad de Cottonwood Heights, Utah (la 'Ciudad'), adopt una resoluci n (la 'Resoluci n') en la que autoriz la convocatoria de una elecci n (la 'Elecci n') relacionada con una propuesta para la emisi n de Bonos de Obligaci n General de la Ciudad (los 'Bonos') y convoc una audiencia p blica para recibir comentarios del p blico con respecto a (a) la emisi n de los Bonos y (b) cualquier posible impacto econ mico que las mejoras, instalaciones o propiedades financiadas total o parcialmente con los ingresos de los Bonos (ver m s abajo) puedan tener en el sector privado.
HORA, LUGAR Y UBICACI N DE LA AUDIENCIA P BLICA
El Consejo llevar a cabo una audiencia p blica el 17 de septiembre de 2024, a las 7:00 p.m. o tan pronto como sea posible despu s de esa hora, en 2277 Bengal Blvd., Cottonwood Heights, Utah. Todos los miembros del p blico est n invitados a asistir y participar.
PROP SITO DE LA EMISI N DE LOS BONOS, MONTO M XIMO Y GARANT A
Los Bonos se emitir n por un monto principal agregado que no exceder de $30,000,000 con el prop sito de financiar y refinanciar una parte de los costos para adquirir y mejorar terrenos (incluidos los costos previos de mantenimiento de bonos para los mismos), proporcionar espacio p blico abierto y comodidades, mejoras peatonales y otra infraestructura necesaria para facilitar el desarrollo econ mico, eventos y actividades comunitarias en y alrededor del propuesto Centro de la Ciudad en aproximadamente 2300 East y Fort Union Blvd. en la Ciudad, y pagar los costos de emisi n de los Bonos. Los Bonos estar n garantizados por impuestos sobre la propiedad ad valorem de la Ciudad en la medida autorizada por la ley.
Los Bonos pueden emitirse en una o m s series y venderse de vez en cuando, seg n lo determine el Consejo.
FECHADO este 30 de Agosto de 2024.
/s/ Paula Melgar
Secretario(a) de la Ciudad
Notice of Special Accommodations (ADA)
In compliance with the Americans with Disabilities Act, individuals needing special accommodations or assistance during this meeting shall notify Paula Melgar, City Recorder, at 801-944-7021 at least 24 hours prior to the meeting. If you would like to submit written comments on any agenda item they should be received by Paula Melgar, City Recorder no later than Tuesday at noon. Comments can be emailed to pmelgar@ch.utah.gov
Notice of Electronic or Telephone Participation
Council Members may participate in the meeting via telephonic communication. If a Council Member does participate via telephonic communication, the Councilmember will be on speakerphone. The speakerphone will be amplified so that the other Council Members