Notice Date & Time: 7/12/16 11:00 AM
NOTICE OF BONDS TO BE ISSUED
NOTICE IS HEREBY GIVEN pursuant to the provisions of the Local Government Bonding Act, Title 11, Chapter 14, Utah Code Annotated 1953, as amended, that on July 12, 2016, the Board of County Commissioners (the 'Commission') of Weber County, Utah (the 'Issuer') adopted a resolution (the 'Resolution') in which it authorized the issuance of the Issuer's General Obligation Bonds, Series 2016 (to be issued in one or more series and from time to time, with any other title or series designation) (the 'Bonds').
PURPOSE FOR ISSUING THE BONDS
Pursuant to the Resolution, the Bonds are to be issued for the purpose of (a) paying all or part of the cost of acquiring, constructing, furnishing and equipping libraries and related improvements and (b) paying related expenses.
PARAMETERS OF THE BONDS
The Issuer intends to issue the Bonds in the aggregate principal amount of not to exceed Twelve Million One Hundred Ten Thousand Dollars ($12,110,000), to mature in not more than twenty-one (21) years, 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 five and one-half percent (5.50%) per annum.
The Bonds are to be issued and sold by the Issuer pursuant to the Resolution, with such final terms and provisions as may be deemed appropriate by authorized officers of the Issuer, 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 County Clerk/Auditor at the Issuer's offices located at 2380 Washington Blvd, Suite 320, Ogden, Utah, where they may be examined during regular business hours 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 Issuer secured by the full faith and credit and taxing power of the Issuer.
OUTSTANDING BONDS SECURED BY THE FULL FAITH AND CREDIT AND TAXING POWER OF THE ISSUER
The Issuer currently has outstanding $36,280,000 principal amount of general obligation bonds that are secured by the full faith and credit and taxing power of the Issuer.
OTHER OUTSTANDING BONDS OF THE ISSUER
Additional information regarding the Issuer's outstanding bonds may be found in the Issuer's financial report (the 'Financial Report') at: http://auditor.utah.gov/accountability/financial-reports-of-local-governments. For additional information, including any information more recent than as of the date of the Financial Report, please contact the office of the County Clerk/Auditor, at (801) 399-8400.
TOTAL ESTIMATED COST
Based on the Issuer's current plan of finance and a current estimate of interest rates, the total principal and interest cost of the Bonds if held until maturity is $17,387,956.
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 July 12, 2016.
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Notice Date & Time: 7/12/16 11:00 AM
NOTICE OF BONDS TO BE ISSUED
NOTICE IS HEREBY GIVEN pursuant to the provisions of the Local Government Bonding Act, Title 11, Chapter 14, Utah Code Annotated 1953, as amended, that on July 12, 2016, the Board of County Commissioners (the 'Commission') of Weber County, Utah (the 'Issuer') adopted a resolution (the 'Resolution') in which it authorized the issuance of the Issuer's General Obligation Bonds, Series 2016 (to be issued in one or more series and from time to time, with any other title or series designation) (the 'Bonds').
PURPOSE FOR ISSUING THE BONDS
Pursuant to the Resolution, the Bonds are to be issued for the purpose of (a) paying all or part of the cost of acquiring, constructing, furnishing and equipping libraries and related improvements and (b) paying related expenses.
PARAMETERS OF THE BONDS
The Issuer intends to issue the Bonds in the aggregate principal amount of not to exceed Twelve Million One Hundred Ten Thousand Dollars ($12,110,000), to mature in not more than twenty-one (21) years, 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 five and one-half percent (5.50%) per annum.
The Bonds are to be issued and sold by the Issuer pursuant to the Resolution, with such final terms and provisions as may be deemed appropriate by authorized officers of the Issuer, 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 County Clerk/Auditor at the Issuer's offices located at 2380 Washington Blvd, Suite 320, Ogden, Utah, where they may be examined during regular business hours 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 Issuer secured by the full faith and credit and taxing power of the Issuer.
OUTSTANDING BONDS SECURED BY THE FULL FAITH AND CREDIT AND TAXING POWER OF THE ISSUER
The Issuer currently has outstanding $36,280,000 principal amount of general obligation bonds that are secured by the full faith and credit and taxing power of the Issuer.
OTHER OUTSTANDING BONDS OF THE ISSUER
Additional information regarding the Issuer's outstanding bonds may be found in the Issuer's financial report (the 'Financial Report') at: http://auditor.utah.gov/accountability/financial-reports-of-local-governments. For additional information, including any information more recent than as of the date of the Financial Report, please contact the office of the County Clerk/Auditor, at (801) 399-8400.
TOTAL ESTIMATED COST
Based on the Issuer's current plan of finance and a current estimate of interest rates, the total principal and interest cost of the Bonds if held until maturity is $17,387,956.
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 July 12, 2016.
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Notice Date & Time: 7/12/16 11:00 AM
NOTICE OF PUBLIC HEARING AND BONDS TO BE ISSUED
NOTICE IS HEREBY GIVEN pursuant to the provisions of the Local Government Bonding Act, Title 11, Chapter 14, Utah Code Annotated 1953, as amended, that on July 12, 2016, the Board of County Commissioners (the 'Commission') of Weber County, Utah (the 'Issuer'), adopted a resolution (the 'Resolution') in which it authorized the issuance of the Issuer's Sales Tax Revenue Bonds, Series 2016 (with any other series or title designation determined by the Issuer, the 'Series 2016 Bonds') and called a public hearing to receive input from the public.
PURPOSE, TIME, PLACE AND LOCATION OF PUBLIC HEARING
The Issuer shall hold a public hearing on August 9, 2016, at the hour of 10:00 a.m. at 2380 Washington Blvd., Ogden, Utah. The purpose of the hearing is to receive input from the public with respect to (a) the issuance of the Series 2016 Bonds and (b) any potential economic impact that the Project to be financed with the proceeds of the Series 2016 Bonds may have on the private sector. All members of the public are invited to attend and participate.
PURPOSE FOR ISSUING THE SERIES 2016 BONDS
The Series 2016 Bonds will be issued for the purpose of (a) financing the costs of (i) construction of road and related improvements to 12th Street (including Sewer lines) and 3500 West Street and (ii) purchasing a portion of the Bayview landfill in Utah County, Utah for use by the Issuer (collectively, the 'Project'), (b) funding any required deposit to a debt service reserve fund, and (c) paying costs of issuance of the Series 2016 Bonds.
PARAMETERS OF THE SERIES 2016 BONDS
The Issuer intends to issue is Sales Tax Revenue Bonds, Series 2016 in the aggregate principal amount of not more than Ten Million One Hundred and Fifty Thousand Dollars ($10,150,000), to mature in not more than twenty-one (21) 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 five and one-half percent (5.5%) per annum. The Series 2016 Bonds are to be issued and sold by the Issuer pursuant to the Resolution, including as part of said Resolution, a General Indenture of Trust and a Supplemental Indenture of Trust (collectively, the 'Indenture'), which Indenture was before the Commission in substantially final form at the time of the adoption of the Resolution.
EXCISE TAXES PROPOSED TO BE PLEDGED
The Issuer proposes to pledge 100% of the Local Sales and Use Tax and County Option Sales and Use Tax received by the Issuer pursuant to Title 59, Chapter 12, Parts 2 and 11 of Utah Code Annotated 1953, as amended, to the payment of the Series 2016 Bonds (the 'Pledged Taxes').
OUTSTANDING BONDS SECURED BY PLEDGED TAXES
Other than the proposed Series 2016 Bonds, the Issuer currently has $11,865,000 of bonds outstanding secured by the Pledged Taxes.
OTHER OUTSTANDING BONDS OF THE ISSUER
Additional information regarding the Issuer's outstanding bonds may be found in the Issuer's financial report (the 'Financial Report') at: http://auditor.utah.gov/accountability/financial-reports-of-local-governments. For additional information, including any information more recent than as of the date of the Financial Report, please contact the office of the County Clerk/Auditor, at (801) 399-8400.
TOTAL ESTIMATED COST
Based on the Issuer's current plan of finance and a current estimate of interest rates, the total principal and interest cost of the Series 2016 Bonds, if held until maturity, is approximately $11,751,760.
A copy of the Resolution and the Indenture are on file in the office of the County Clerk/Auditor, 2380 Washington Blvd., Ogden, Utah, where they may be examined during regular business hours of the County Clerk/Auditor from 8:00 a.m. to 5:00 p.m., Monday through Friday, for a period of at least thirty (30) days from and after the last date of publication of this notice.
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 (i) any person in interest shall have the right to contest the legality of the Resolution, the Indenture (only as it pertains to the Series 2016 Bonds), or the Series 2016 Bonds, or any provision made for the security and payment of the Series 2016 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 and (ii) registered voters within Weber County, Utah may sign a written petition requesting an election to authorize the issuance of the Series 2016 Bonds. If written petitions which have been signed by at least 20% of the registered voters of Weber County, Utah are filed with the Issuer during said 30-day period, the Issuer shall be required to hold an election to obtain voter authorization prior to the issuance of the Series 2016 Bonds. If fewer than 20% of the registered voters of Weber County, Utah file a written petition during said 30-day period, the Issuer may proceed to issue the Series 2016 Bonds without an election.
DATED this July 12, 2016.
/s/ Ricky Hatch
County Clerk/Auditor
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Notice Date & Time: 7/12/16 11:00 AM
NOTICE OF PUBLIC HEARING AND BONDS TO BE ISSUED
NOTICE IS HEREBY GIVEN pursuant to the provisions of the Local Government Bonding Act, Title 11, Chapter 14, Utah Code Annotated 1953, as amended, that on July 12, 2016, the Board of County Commissioners (the 'Commission') of Weber County, Utah (the 'Issuer'), adopted a resolution (the 'Resolution') in which it authorized the issuance of the Issuer's Sales Tax Revenue Bonds, Series 2016 (with any other series or title designation determined by the Issuer, the 'Series 2016 Bonds') and called a public hearing to receive input from the public.
PURPOSE, TIME, PLACE AND LOCATION OF PUBLIC HEARING
The Issuer shall hold a public hearing on August 9, 2016, at the hour of 10:00 a.m. at 2380 Washington Blvd., Ogden, Utah. The purpose of the hearing is to receive input from the public with respect to (a) the issuance of the Series 2016 Bonds and (b) any potential economic impact that the Project to be financed with the proceeds of the Series 2016 Bonds may have on the private sector. All members of the public are invited to attend and participate.
PURPOSE FOR ISSUING THE SERIES 2016 BONDS
The Series 2016 Bonds will be issued for the purpose of (a) financing the costs of (i) construction of road and related improvements to 12th Street (including Sewer lines) and 3500 West Street and (ii) purchasing a portion of the Bayview landfill in Utah County, Utah for use by the Issuer (collectively, the 'Project'), (b) funding any required deposit to a debt service reserve fund, and (c) paying costs of issuance of the Series 2016 Bonds.
PARAMETERS OF THE SERIES 2016 BONDS
The Issuer intends to issue is Sales Tax Revenue Bonds, Series 2016 in the aggregate principal amount of not more than Ten Million One Hundred and Fifty Thousand Dollars ($10,150,000), to mature in not more than twenty-one (21) 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 five and one-half percent (5.5%) per annum. The Series 2016 Bonds are to be issued and sold by the Issuer pursuant to the Resolution, including as part of said Resolution, a General Indenture of Trust and a Supplemental Indenture of Trust (collectively, the 'Indenture'), which Indenture was before the Commission in substantially final form at the time of the adoption of the Resolution.
EXCISE TAXES PROPOSED TO BE PLEDGED
The Issuer proposes to pledge 100% of the Local Sales and Use Tax and County Option Sales and Use Tax received by the Issuer pursuant to Title 59, Chapter 12, Parts 2 and 11 of Utah Code Annotated 1953, as amended, to the payment of the Series 2016 Bonds (the 'Pledged Taxes').
OUTSTANDING BONDS SECURED BY PLEDGED TAXES
Other than the proposed Series 2016 Bonds, the Issuer currently has $11,865,000 of bonds outstanding secured by the Pledged Taxes.
OTHER OUTSTANDING BONDS OF THE ISSUER
Additional information regarding the Issuer's outstanding bonds may be found in the Issuer's financial report (the 'Financial Report') at: http://auditor.utah.gov/accountability/financial-reports-of-local-governments. For additional information, including any information more recent than as of the date of the Financial Report, please contact the office of the County Clerk/Auditor, at (801) 399-8400.
TOTAL ESTIMATED COST
Based on the Issuer's current plan of finance and a current estimate of interest rates, the total principal and interest cost of the Series 2016 Bonds, if held until maturity, is approximately $11,751,760.
A copy of the Resolution and the Indenture are on file in the office of the County Clerk/Auditor, 2380 Washington Blvd., Ogden, Utah, where they may be examined during regular business hours of the County Clerk/Auditor from 8:00 a.m. to 5:00 p.m., Monday through Friday, for a period of at least thirty (30) days from and after the last date of publication of this notice.
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 (i) any person in interest shall have the right to contest the legality of the Resolution, the Indenture (only as it pertains to the Series 2016 Bonds), or the Series 2016 Bonds, or any provision made for the security and payment of the Series 2016 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 and (ii) registered voters within Weber County, Utah may sign a written petition requesting an election to authorize the issuance of the Series 2016 Bonds. If written petitions which have been signed by at least 20% of the registered voters of Weber County, Utah are filed with the Issuer during said 30-day period, the Issuer shall be required to hold an election to obtain voter authorization prior to the issuance of the Series 2016 Bonds. If fewer than 20% of the registered voters of Weber County, Utah file a written petition during said 30-day period, the Issuer may proceed to issue the Series 2016 Bonds without an election.
DATED this July 12, 2016.
/s/ Ricky Hatch
County Clerk/Auditor
