General Information

Government Type

Public School

Entity

Canyons School District

Public Body

Canyons School District Board of Education

Notice Information

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Notice Title

March 12, 2025 Notification of Bond Issuance

Notice Tags

Schools

Notice Type(s)

Bond

Event Start Date & Time

March 12, 2025 11:00 AM

Description/Agenda

NOTICE OF BONDS TO BE ISSUED NOTICE IS HEREBY GIVEN pursuant to the provisions of the Utah Refunding Bond Act, Title 11, Chapter 27, Utah Code Annotated 1953, as amended, that on March 4, 2025, the Board of Education (the 'Board') of Canyons School District, Utah (the 'School District') adopted a resolution (the 'Resolution') in which it authorized the issuance of the Board's General Obligation Refunding Bonds (Utah School Bond Guaranty Program) (the 'Bonds') (to be issued from time to time, in one or more series and with such other designation(s) as the Board may determine). PURPOSE FOR ISSUING THE BONDS The Bonds, pursuant to the Resolution, are to be issued for the purpose of (i) refunding outstanding bonds of the Board in order to achieve a debt service savings and (ii) paying related expenses. PARAMETERS OF THE BONDS The Board intends to issue the Bonds in the aggregate principal amount of not to exceed Twenty Five Million Five Hundred Thousand Dollars ($25,500,000), to mature in not more than ten (10) years from their date or dates, to be sold at a price not less than ninety-eight percent (98%) of the total principal amount thereof and bearing interest at a rate or rates not to exceed six percent (6.0%) per annum. The Bonds are to be issued and sold by the Board pursuant to the Resolution, with such final terms and provisions as may be deemed appropriate by authorized officers of the Board, provided that said final terms shall not exceed the maximums set forth above. A copy of the Resolution is on file in the office of the Business Administrator of the Board in the Board's offices located at 9361 South 300 East, Sandy, Utah, where they may be examined during regular business hours of the Business Administrator, from 8:00 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. SECURITY PLEDGED FOR THE BONDS The Bonds are general obligations of the Board secured by the full faith and credit and taxing power of the Board. 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 or the Bonds, or any provision 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 whatsoever. DATED this March 4, 2025. /s/ Leon Wilcox Business Administrator

Notice of Special Accommodations (ADA)

In compliance with the American with Disabilities Act, individuals needing special accommodations, including auxiliary communications aids and services, during these meetings should notify Dan Harper, ADA Coordinator, at 801-826-5062 at least three working days prior to the meeting.

Notice of Electronic or Telephone Participation

One or more Board members, but less than a majority, may be participating by telephone in the Board meeting outlined above. Such telephonic participation does not constitute an electronic meeting.

Meeting Information

Meeting Location

9361 S 300 E
Sandy, UT 84070
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Contact Name

Cindee Clawson

Contact Email

cindee.clawson@canyonsdistrict.org

Contact Phone

(801)826-5011

Notice Posting Details

Notice Posted On

March 12, 2025 11:39 AM

Notice Last Edited On

March 12, 2025 11:39 AM

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