General Information

Government Type

Special Service District

Entity

Trails at Shurtz Canyon Public Infrastructure District

Public Body

Trails at Shurtz Canyon Public Infrastructure District

Notice Information

Add Notice to Calendar

Notice Title

NOTICE OF BONDS TO BE ISSUED

Notice Tags

Bonds

Notice Type(s)

Notice, Bond

Event Start Date & Time

January 22, 2025 10:45 AM

Description/Agenda

NOTICE OF BONDS TO BE ISSUED NOTICE IS HEREBY GIVEN pursuant to the provisions of the Public Infrastructure District Act, Title 17D, Chapter 4, Utah Code Annotated 1953, as amended (the 'Act'), that on January 22, 2025, the Board of Trustees (the 'Board') of the Trails at Shurtz Canyon Public Infrastructure District (the 'Issuer'), adopted a resolution (the 'Resolution') in which it authorized the issuance of the Issuer's Special Assessment Bonds, Series 2025A-2 (Trails at Shurtz Canyon Assessment Area) (the 'Series 2025A-2 Bonds') (to be issued in one or more series and with such other series or title designation(s) as may be determined by the Issuer). PURPOSE FOR ISSUING THE SERIES 2025A-2 BONDS The Series 2025A-2 Bonds will be issued for the purpose of (a) financing all or a portion of the cost of public infrastructure as permitted under the Special District Act, Title 17B, Utah Code Annotated 1953, as amended, (b) funding a surplus or reserve fund, and (c) paying costs of issuance of the Series 2025A-2 Bonds. PARAMETERS OF THE SERIES 2025A-2 BONDS The Issuer intends to issue the Series 2025A-2 Bonds in the aggregate principal amount of not more than Seven Million Nine Hundred Ninety-Five Thousand Dollars ($7,995,000), to mature in not more than thirty (30) years from the date of the Resolution, to be sold at a price not less than ninety-five percent (95%) of the total principal amount thereof and bearing interest at a rate or rates not to exceed twelve percent (12.00%) per annum. The Series 2025A-2 Bonds are to be issued and sold by the Issuer pursuant to the Resolution, including as part of said Resolution, an Indenture of Trust and Pledge (the 'Indenture') which was before the Board in substantially final form at the time of the adoption of the Resolution and said Indenture is to be executed by the Issuer in such form and with such changes thereto as shall be approved by the Issuer; provided that the principal amount, interest rate or rates, maturity, and discount of the Series 2025A-2 Bonds will not exceed the maximums set forth above. The Issuer reserves the right to not issue the Series 2025A-2 Bonds for any reason and at any time up to the issuance of the Series 2025A-2 Bonds. REVENUES TO BE PLEDGED The Series 2025A-2 Bonds are special assessment obligations of the Issuer payable from assessments to be levied on property within the boundaries of the Issuer (the 'Pledged Revenues'). OUTSTANDING BONDS SECURED BY PLEDGED REVENUES The Issuer currently has $0 principal amount of bonds outstanding secured by the Pledged Revenues. TOTAL ESTIMATED COST OF SERIES 2025A-2 BONDS Based on the Issuer's current plan of finance and a current estimate of interest rates, the total principal and interest cost of the Series 2025A-2 Bonds is estimated at approximately $13,772,486.46. A copy of the Resolution and the Indenture are on file at Snow Jensen & Reece, 912 West 1600 South, Suite B-200, St. George, Utah 84770 where they may be examined during regular business hours from 9:00 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. For electronic copies of the Resolution and Indentures, please call (435) 628-3688 or email mence@snowjensen.com. 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, the Indenture (as it pertains to the Series 2025A-2 Bonds), or the Series 2025A-2 Bonds, or any provision made for the security and payment of the Series 2025A-2 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 22, 2025. /s/ Ryan Howard Secretary/Clerk

Notice of Special Accommodations (ADA)

The District complies with the Americans with Disabilities Act by providing accommodations and auxiliary communicative aids and services for all those in need of assistance. Persons requesting these accommodations for public meetings should call Kristi Barker at 435-628-3688 at least 24 hours before the meeting.

Notice of Electronic or Telephone Participation

Unless otherwise noted on the posted Agenda, meetings of the Board of Trustees will be held in person. For meetings held via videoconferencing or telephonic communication Trustees and other meeting participants and attendees will be able to participate remotely. Persons requesting video conference or telephonic accommodation for public meetings should call Kristi Barker at 435-628-3688 to make arrangements.

Meeting Information

Meeting Location

912 W. 1600 S., SUITE B-200,
St George, UT 84770
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Contact Name

Michael Jensen

Contact Email

mjensen@snowjensen.com

Contact Phone

4356283688

Notice Posting Details

Notice Posted On

January 22, 2025 10:48 AM

Notice Last Edited On

January 22, 2025 10:48 AM

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