General Information

Government Type

Public School

Entity

Salt Lake City School District

Public Body

Salt Lake City Board of Education

Notice Information

Add Notice to Calendar

Notice Title

Salt Lake City School District 2025 Notice of Bonds to be Issued

Notice Tags

Education, Bonds

Notice Type(s)

Notice

Event Start Date & Time

March 6, 2025 08:47 AM

Description/Agenda

NOTICE OF BONDS TO BE ISSUED NOTICE IS HEREBY GIVEN pursuant to the provisions of Section 11-14-316, Utah Code Annotated 1953, as amended, that on March 4, 2025, the Board of Education of Salt Lake City School District, Utah (the 'Board'), adopted a resolution (the 'Resolution') in which it authorized and approved the issuance of its general obligation school building bonds (the 'Bonds'), in the aggregate principal amount of not to exceed $155,000,000, to bear interest at a rate or rates of not to exceed 5.50% per annum, to mature over a period not to exceed 21 years from their date or dates and to be sold at a discount from par, expressed as a percentage of the principal amount, of not to exceed 2.00%. Pursuant to the Resolution, the Bonds are to be issued for the purpose of raising money for constructing buildings, acquiring land and furnishings and remodeling and updating existing school property, under the charge of the Board. The Bonds are to be issued and sold by the Board pursuant to the Resolution, including as part of the Resolution the draft of a final bond resolution that was before the Board and attached to the Resolution in substantially final form at the time of the adoption of the Resolution. The Board is to adopt that final bond resolution in such form and with such changes thereto as the Board shall approve upon the adoption thereof, provided that the principal amount, interest rate or rates, maturity and discount, if any, will not exceed the respective maximums described above. The Board will pledge the full faith and credit of the District for the payment of the Bonds. The Board currently has no other bonds currently outstanding that are secured by the full faith and credit of the District. More detailed information relating to the Board's outstanding bonds can be found in the District's most recent Annual Comprehensive Financial Report that is available on the Office of the Utah State Auditor's website (www.sao.state.ut.us). Assuming a final maturity for the Bonds of 20 years from the date hereof and that the Bonds are issued in an aggregate principal amount of $137,790,000 and are held until maturity, based on the Board's currently expected financing structure and interest rates in effect around the time of publication of this notice, the estimated total cost to the Board of the proposed Bonds is $210,165,105. A copy of the Resolution (including the draft of the final bond resolution attached to the Resolution) is on file in the office of the Business Administrator of Salt Lake City School District at 406 East 100 South, in Salt Lake City, Utah, where the Resolution may be examined during regular business hours of the Business Administrator from 8:00 a.m. to 5:00 p.m. The Resolution shall be so available for inspection for a period of at least thirty (30) days from and after the date of the publication of this notice. NOTICE IS FURTHER GIVEN that pursuant to law for a period of thirty (30) days from and after the date of the publication of this notice, any person in interest shall have the right to contest the legality of the above-described Resolution (including the final bond resolution attached thereto) of the Board or the Bonds authorized thereby or any provisions made for the security and payment of the Bonds. After such time, no one shall have any cause of action to contest the regularity, formality or legality of the Resolution, the Bonds or the provisions for their security or payment for any cause. DATED this 4th day of March, 2025. BOARD OF EDUCATION OF SALT LAKE CITY SCHOOL DISTRICT, UTAH By /s/ Alan Kearsley Alan Kearsley Business Administrator [SEAL]

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 the ADA coordinator at 465 South 400 East, at least three working days prior to the meeting. No district employee or student shall be subjected to discrimination in employment or any district program or activity on the basis of age, color, disability, gender, gender identity, genetic information, national origin, pregnancy, race, religion, sexual orientation, or veteran status. The district is committed to providing equal access and equal opportunity in its programs, services and employment including its policies, complaint processes, program accessibility, district facility use, accommodations and other Equal Employment Opportunity matters. The district also provides equal access to district facilities for all youth groups listed in Title 36 of the United States Code, including scouting groups. The following person has bee

Notice of Electronic or Telephone Participation

Electronic Meetings. The board authorizes that an electronic board meeting may be held when necessary as determined by board leadership and consistent with the requirements of Utah law. Remote access and participation by phone, of a single board members

Meeting Information

Meeting Location

406 East 100 South
Salt Lake City, UT 84111
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Contact Name

Helen Butz

Contact Email

helen.butz@slcschools.org

Notice Posting Details

Notice Posted On

March 06, 2025 08:48 AM

Notice Last Edited On

March 06, 2025 08:48 AM

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