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Front Page » October 18, 2011 » Legal Notices » Notice Of Public Hearing And Bonds To Be Issued
Published 1,135 days ago

Notice Of Public Hearing And Bonds To Be Issued


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 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 October 6, 2011, the Administrative Control
Board (the "Board") of the North Emery Water Users Special Service
District, Utah (the "Issuer"), adopted a resolution (the "Resolution")
in which it authorized the issuance of the Issuer's Water Revenue
Bonds, Series 2011 (the "Series 2011 Bonds") and called a public
hearing to receive input from the public with respect to  the issuance
of the Series 2011 Bonds and  any potential economic impact that the
improvements to be financed with the proceeds of the Series 2011 Bonds
may have on the private sector. 
 
 TIME, PLACE AND LOCATION OF PUBLIC HEARING
 
 	The Issuer shall hold a public hearing on November 3, 2011, at the
hour of 7:00 p.m. at the Issuer's offices located at 1325 North
Highway 155, Cleveland, Utah.  The purpose of the hearing is to
receive input from the public with respect to  the issuance of the
Series 2011 Bonds and  any potential economic impact that the
improvements to be financed with the proceeds of the Series 2011 Bonds
may have on the private sector.  All members of the public are invited
to attend and participate.  
 
 PURPOSE FOR ISSUING THE SERIES 2011 BONDS
 
 	The Series 2011 Bonds will be issued for the purpose of financing
the construction of water system improvements, including the
redevelopment of spring collection areas and the construction of a
storage reservoir (collectively, the "Project"). 
 
 PARAMETERS OF THE SERIES 2011 BONDS
 
 	The Issuer intends to issue the Series 2011 Bonds in one or more
series, from time to time, in the aggregate principal amount of not to
exceed Three Hundred Thousand Dollars ($300,000), which Series 2011
Bonds shall bear interest at a rate or rates not to exceed two and
one-half percent (2.50%), shall mature in not more than thirty-two
(32) years from their date or dates, and shall be sold at not less
than one hundred percent (100%) of the total principal amount thereof.
 
 
 	The Series 2011 Bonds are to be issued and sold by the Issuer
pursuant to the Resolution, including as part of said Resolution, a
Final Bond Resolution which was before the Board and attached to the
Resolution at the time of the adoption of the Resolution, and said
Final Bond Resolution is to be adopted and executed by the Board, in
such form and with such changes thereto as shall be approved by the
Board upon the adoption thereof; provided that the principal amount,
interest rate or rates, maturity, and discount of the Series 2011
Bonds will not exceed the maximums set forth above.
 
 	A copy of the Resolution and the Final Bond Resolution are on file
in the office of the Secretary of the North Emery Water Users Special
Service District in Cleveland, Utah, where they may be examined during
regular business hours of the Secretary 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.
 
 	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, the Final Bond Resolution, or the
Series 2011 Bonds, or any provision made for the security and payment
of the Series 2011 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 October 6, 2011. 
 	/s/Joy Barton
 Secretary
 Published in the Emery County Progress 11 and 18, 2011.
     
     

These legal notices, along with those from other fine Utah newspapers, can be viewed at www.utahlegals.com.


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