Notice of Bonds to Be Issued
General Information
- Government Type
- Interlocal
- Entity
- Central Valley Water Reclamation Facility
- Entity Website
- http://www.cvwrf.org/
- Public Body
- Central Valley Water Reclamation Facility
Notice Information
- Notice Title
- Notice of Bonds to Be Issued
- Notice Tags
- Funding
- Notice Type(s)
- Notice, Bond
- Event Start Date & Time
- August 28, 2024 03:00 PM
- Event Deadline Date & Time
- 09/28/24 03:00 PM
- Description/Agenda
- NOTICE OF BONDS TO BE ISSUED NOTICE IS HEREBY GIVEN that on August 28, 2024, the governing board (the 'Board') of Central Valley Water Reclamation Facility (the 'Issuer') adopted a resolution (the 'Resolution') in which it authorized the issuance of one or more series of the Issuer's sewer revenue bonds (collectively, the 'Bonds') in an aggregate principal amount of not to exceed $87,000,000, to mature in not more than 26 years from their date or dates, to bear interest at a rate or rates not to exceed 6.0% per annum, and to be sold at a discount from par, expressed as a percentage of principal amount, of not to exceed 2%. The Bonds are to be issued and sold by the Issuer pursuant to (1) a Master Trust Indenture Providing for the Issuance of Sewer Revenue Bonds, dated as of July 1, 2017 (the 'Master Indenture') and (2) a Supplemental Indenture providing for the issuance of the Bonds (the 'Supplemental Indenture'). The Bonds are to be issued for the purpose of (a) financing the acquisition and construction of certain improvements to the Issuer's sewer system, (b) funding a debt service reserve requirement, and (c) paying costs of issuance. The Issuer will not pledge any taxes of the Issuer for the payment of the Bonds. The Issuer will pledge, pursuant to the Master Indenture, the revenues attributable to the Issuer's sewer system for the payment of the Bonds. The total principal amount of revenue bonds currently outstanding that are secured by the same pledge of revenues as the proposed Bonds, is $274,961,000. The estimated total cost to the Issuer for the proposed Bonds, if the Bonds are held until maturity, based on estimated interest rates in effect as of the date of this notice is $112,893,170 (based on current estimates of the principal amount anticipated to be issued, anticipated maturity dates, and anticipated interest rates). Copies of the Master Indenture and the Supplemental Indenture are on file in the office of the Issuer, located at 800 Central Valley Road, Salt Lake City, Utah, where they may be examined during the regular business hours of the Issuer from 8:00 a.m. to 5:00 p.m., Monday through Thursday. The Resolution, including copies of the Master Indenture and the Supplemental Indenture shall be so available for inspection for a period of at least 30 days from and after the date of publication of this notice. NOTICE IS FURTHER GIVEN that, pursuant to law, for a period of 30 days from and after the date of publication of this notice, any person in interest shall have the right to contest the legality of the above-described Resolution of the Board, or the Bonds or any provisions 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. DATED this August 28, 2024. CENTRAL VALLEY WATER RECLAMATION FACILITY
- Notice of Special Accommodations (ADA)
- In compliance with the Americans with Disabilities Act, individuals needing special accommodations (including auxiliary communicative aids and services) during this meeting should notify Phillip Heck at 801-973-9100.
- Notice of Electronic or Telephone Participation
- N/A
Meeting Information
- Meeting Location
-
800 W Central Valley Rd
Salt Lake City, UT 84119
Show in Apple Maps Show in Google Maps - Contact Name
- Phillip Heck
- Contact Email
- heckp@cvwrf.org
- Contact Phone
- (801)973-9100
Notice Posting Details
- Notice Posted On
- September 17, 2024 09:35 AM
- Notice Last Edited On
- September 17, 2024 09:35 AM
- Deadline Date
- September 28, 2024 03:00 PM
Board/Committee Contacts
| Member | Phone | |
|---|---|---|
| Debra Armstrong | deb_arm@hotmail.com | (801)973-9100 |
| Donald Russell | drussell@tbid.gov | (801)973-9100 |
| LeAnn Huff | lhuff@sslc.gov | N/A |
| Jeff Monson | jmonson_3@q.com | N/A |
| Brett Hales | bhales@murray.utah.gov | N/A |
| Keith Lord | klord@mtoid.org | N/A |
| Kim Galbraith | kimgalbraith@cid.utah.gov | N/A |
Subscribe
Subscribe by Email
Subscription options will send you alerts regarding future notices posted by this Body.