NOTICE OF BONDS TO BE ISSUED
NOTICE IS HEREBY GIVEN that on April 21, 2025, the Board of Trustees of the Central Weber Sewer Improvement District (the 'Issuer') adopted a resolution (the 'Resolution') in which it authorized and approved the issuance, in one or more series, of the Issuer's sewer revenue bonds (the 'Bonds') in an aggregate principal amount of not to exceed $35,000,000, to mature in not more than 25 years from their date or dates, to bear interest at rates not exceeding 6% per annum (exclusive of any default rate), and to be sold at a discount from par, expressed as a percentage of principal amount, of not to exceed 2% per annum.
The Bonds are to be issued and sold by the Issuer pursuant to (1) the Resolution, (2) a Master Trust Indenture Providing for the Issuance of Sewer Revenue Bonds, dated as of April 1, 2008 (as previously supplemented and amended, the 'Master Indenture'), and (3) one or more supplemental indentures (the 'Supplemental Indenture' and, collectively with the Master Indenture, the 'Indenture'). A copy of the Master Indenture was attached to the Resolution at the time of the adoption of the Resolution.
The Bonds are to be issued for the purpose of financing the costs of certain improvements to the Issuer's sewer system (the 'System'), satisfying a debt service reserve requirement, if necessary, and paying costs of issuance of the Bonds, all as set forth in the Resolution and the Indenture.
The Bonds shall be payable from and secured by the revenues of the System and certain other funds, as more particularly described in the Indenture. The total par amount of bonds currently outstanding that are secured by the same pledge of revenues under the Indenture as the proposed Bonds, is $111,450,000. Access to more detailed information relating to the outstanding bonds of the Issuer may be obtained at the office of the Clerk of the Issuer at the address below, during the regular business hours indicated below.
The estimated total debt service on the Bonds, if the Bonds were held until the expected maturity dates, based on the currently-estimated maturity dates, principal amount, and interest rates in effect as of the date of this notice, is $41,505,031.
A copy of the Resolution (including the Master Indenture) is on file in the office of the Clerk of the Issuer, located at 2618 West Pioneer Road, Marriott-Slaterville, Utah, where it may be examined during regular business hours of the Clerk from 7:00 a.m. to 5:00 p.m. The Resolution (including the Master Indenture) shall be so available for inspection for a period of at least 30 days from and after the date of this notice.
NOTICE IS FURTHER GIVEN that, pursuant to law, for a period of 30 days from and after the date of this notice, any person in interest shall have the right to contest the legality of the above-described Resolution (including the Master Indenture) of the Board of Trustees of the Issuer, 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 April 21, 2025.
CENTRAL WEBER SEWER IMPROVEMENT DISTRICT
Notice of Special Accommodations (ADA)
In compliance with the Americans with Disabilities Act persons needing auxiliary services for this notice should call Central Weber Sewer Improvement District at 801-731-3011.
Notice of Electronic or Telephone Participation
Electronic Participation is currently not available