Notice Of Public Hearing And Bonds To Be Issued
PUBLIC NOTICE IS HEREBY GIVEN that on March 8, 2011, the Mayor and
Town Council of Emery Town (the "Issuer"), adopted a resolution (the
"Resolution") declaring its intention to issue its Water Revenue Bonds
(the "Bonds") pursuant to the Utah Local Government Bonding Act, Title
11, Chapter 14, Utah Code Annotated 1953, as amended and to call a
public hearing to receive input from the public with respect to the
issuance of the Bonds.
TIME, PLACE AND LOCATION OF PUBLIC HEARING
The Issuer shall hold a public hearing on May 10, 2011, at the hour
of 6:00 p.m. The location of the public hearing is in the Emery Town
Community Center, 76 North 100 West, Emery, Utah. The purpose of the
meeting is to receive input from the public with respect to the
issuance of the Bonds and any potential economic impact to the private
sector from the construction of the Project to be funded by the Bonds.
All members of the public are invited to attend and participate.
PURPOSE FOR ISSUING BONDS
The Issuer intends to issue the Bonds for the purpose of (i)
financing all or a portion of the cost of construction of improvements
to the Town's culinary water system, including the construction and
installation of a new diversion pipeline and a study to identify an
additional culinary water source for the Town, together with all
related work and improvements; and (ii) paying costs of issuing the
PARAMETERS OF THE BONDS
The Issuer intends to issue the Bonds in the principal amount of not
to exceed $300,00, to bear interest at a rate not to exceed 2.5% per
annum, to mature in not to more than 35 years from their date or
dates, and to be sold at a price not less than 100% of the total
principal amount thereof, plus accrued interest to the date of
delivery. The Bonds will specify that any installment of principal on
the Bonds which shall not be paid when due shall bear interest at the
rate of 18% per annum from the due date thereof until paid.
NOTICE IS FURTHER GIVEN that a period of 30 days from and after the
last date of 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.
A copy of the Resolution is on file in the office of the Town Clerk
in Emery, Utah, where it may be examined during regular business hours
of the Town Clerk from 2:30 to 4:30 p.m., Tuesday and Wednesday.
Fiscal Year 2011 Amended Budget
Fiscal year 2012 Budget
Compressor/ Power Washer
Animal Control Ordinance-Fee Schedule
DATED this 28th day of April, 2011
/s/ Tara Payne
Published in the Emery County Progress May 3 and 10, 2011.
These legal notices, along with those from other fine Utah newspapers, can be viewed at www.utahlegals.com