WHEN RECORDED, RETURN TO:
NOTICE OF RESOLUTION AND BONDS TO BE ISSUED
NOTICE IS HEREBY GIVEN that the Board of Trustees (the 'Board') of the Gateway at Sand Hollow Public Infrastructure District No. 2 (the 'District') has adopted a Resolution on April 16, 2025 (the 'Resolution') in which it made a finding that it had obtained the consent of 100% of the surface property owners within the boundaries of the District (the 'Property Owner Consents') to the issuance of not to exceed EIGHTY MILLION DOLLARS ($80,000,000) (the 'Bonds') for the purpose of paying all or a portion of the costs of public infrastructure, as permitted under Title 17B and Title 17D, Chapter 4 of the Utah Code Annotated 1953, as amended ('Utah Code'). Notice is further given that on such date there were no registered voters residing within the boundaries of the District.
Within the Resolution, the Board declared its intent to issue limited tax bonds, in one or more series, the debt service upon which is repayable from taxes levied against property within the boundaries of the District, subject to a maximum mill levy for repayment of 0.0045 per dollar of taxable value (and subject to adjustment as provided in Section 17D-4-301(8) of the Utah Code) which may be imposed for a period of up to forty (40) years from the first date of imposition thereof with respect to each series of bonds. The Board further declared its intent to issue such limited tax bonds on or before March 5, 2035.
The Property Owner Consents are binding on the Property Owners and their successors in title and assigns and all future residents, owners, lessors, voters, and taxpayers of the District, and no further consent of property owners within the District will be required by the District to issue bonds. A legal description of the boundaries of the District is attached as Exhibit A.
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 regularity, formality, or legality of the Resolution, 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.
GATEWAY AT SAND HOLLOW PUBLIC INFRASTRUCTURE DISTRICT NO. 2
By:
Brent Moser, Chair
STATE OF UTAH )
: ss.
COUNTY OF _____________ )
On __________, 2025 personally appeared before me ____________, who duly acknowledged to me that s/he executed the foregoing instrument on behalf of the Gateway at Sand Hollow Public Infrastructure District No. 2 in the capacity of Chair.
Notary Public
Residing at: _______________________, Utah
My Commission Expires: _________________
EXHIBIT A
LEGAL DESCRIPTION (as recorded 11/18/2022)
COMMENCING AT THE SOUTHWEST CORNER OF SECTION 6, TOWNSHIP 42 SOUTH, RANGE 13 WEST, SALT LAKE BASE AND MERIDIAN; THENCE N88°17'53'W ALONG THE SOUTH SECTION LINE OF SECTION 1, TOWNSHIP 42 SOUTH, RANGE 14 WEST, SALT LAKE BASE AND MERIDIAN, 35.00 FEET TO THE POINT OF BEGINNING; RUNNING THENCE N01°22'30'E PARALLEL TO THE WEST SECTION LINE OF SAID SECTION 6, 1762.61 FEET; THENCE NORTHWESTERLY ALONG THE ARC OF A NON-TANGENT CURVE
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.