Public Hearing - Revision 1
This is a Notice Revision
You are currently viewing a revision of a notice. This is a previous copy of a notice that has been published more recently. To view the current version of this notice, click here.
Please Note: Only the files that were associated to this version are included in the Download Attachments section. If that section does not display, all attachments were removed from this version of the notice.
General Information
- Government Type
- Municipality
- Entity
- Spring City
- Public Body
- Spring City Council
Notice Information
- Notice Title
- Public Hearing
- Notice Tags
- Bonds, Public Utilities
- Notice Type(s)
- Notice
- Event Start Date & Time
- June 12, 2024 07:30 PM
- Description/Agenda
- Public Hearing Date: June 12, 2024 Start Time for Public Hearing: 6:30 pm Place To Be Held: 45 S 100 E, Spring City Utah 84662 Spring City gives public notice of a Public Hearing to be held on June 12, 2024. The purpose of this public hearing is to receive input from the public on culinary water bonds. The total estimated project cost is $6,289,000. $6,198,000 of the project cost shall be covered by the loan/grant ($4,338,000 loan and $1,860,000 grant/principal forgiveness). The City is obligated to contribute $100,000 towards the project. The loan from DWB in the amount of $4,338,000 will bear interest at 1% and is repayable as follows: Bond (Loan) Payable Interest Rate Term (years) Annual Payment Required Annual Reserve Payment Total Annual Payment $4,338,000 1% 40 $135,470 $13,547 (Years 1-10) $149,017 In order to pay the new bond indebtedness (loan) the City is proposing an increase in culinary water user charges per month per connection as follows: Monthly base rate for connections within the City limits shall be increased from $53.00 to $58.00 pre month for 0 to 5,000 gallons. Monthly base rate for connections outside the City limits shall be increased from $58.00 per month to $68.00 for 0 to 5,000 gallons. The City will hold a public hearing at the City Office, 45 South 100 East, Spring City, Utah, on June 12, 2024 at 7:30 p.m. to receive public comment on the loan and the intended project. Anyone wishing to submit written comment may do so any time prior to the public hearing. Written comments should be addressed to: Spring City P.O. Box 189 Spring City, UT 84662
- Notice of Special Accommodations (ADA)
- If you would like to attend this meeting, and due to a disability need assistance in participating in or understanding the meeting, please contact the City Recorder at 435-462-2244, twenty-four (24) hours in advance, and reasonable assistance to accommodate you will be provided.
- Notice of Electronic or Telephone Participation
- Electronic Participation is not available at this time.
Meeting Information
- Meeting Location
-
45 South 100 East
Spring City, UT 84662
Show in Apple Maps Show in Google Maps - Contact Name
- Ruth Ann McCain
- Contact Email
- ruthann.mccain@springcityutah.gov
Notice Posting Details
- Notice Posted On
- June 05, 2024 01:17 PM
- Notice Last Edited On
- June 11, 2024 10:51 AM
Download Attachments
| File Name | Category | Date Added |
|---|---|---|
| Request for Comment (1).pdf | Public Information Handout | 2024/06/05 01:17 PM |