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Front Page » November 29, 2011 » Legal Notices » Notice Of Bonds To Be Issued Castle Valley Special Servic...
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Notice Of Bonds To Be Issued Castle Valley Special Service District, Emery County, Utah

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  NOTICE IS HEREBY GIVEN pursuant to the provisions of the Utah Local
Government Bonding Act, Title 11, Chapter 14, Utah Code Annotated
1953, as amended, that the Board of County Commissioners of Emery
County, Utah, acting as the Governing Authority (the "Board") of the
Castle Valley Special Service District, Emery County, Utah (the
"Issuer") held a public hearing on November 22, 2011 as properly
noticed, in which it expressed its desire to authorize the issuance of
the Issuer's Taxable General Obligation Bonds in the aggregate
principal amount of not to exceed $400,000 and its Water Revenue Bonds
in the aggregate principal amount of not to exceed another $400,000
(collectively, the "Bonds") with each of the Bonds to bear no
interest, to mature in not more than 13 years from their date or
dates, and to be sold at a price not less than 99% of the total
principal amount thereof.
  	The Bonds will be issued pursuant to one or more Final Bond
Resolutions to be adopted authorizing and confirming the sale of the
Bonds for the purposes of (i) financing the costs of constructing
water system improvements, including water meters, for the Issuer and
related improvements and (ii) paying the costs of issuance of the
Bonds.  Ad valorem (real) property taxes will be pledge to secure the
General Obligation Bonds.  As Water Revenue Bonds, only water revenues
will be pledged as security for those bonds and no property taxes will
be pledged to secure the Water Revenue Bonds.
  	The Final Bond Resolutions were adopted by the Board in such form
and with such changes thereto as approved by the Board; provided that
the principal amount, interest rate, maturity and discount of the
Bonds will not exceed the maximums set forth above.
  	Copies of the Final Bond Resolutions are on file in the office of
the Clerk of the Issuer at the Issuer's office at 86 South 100 East in
Castle Dale, Utah and in the office of the County Clerk/Auditor at 75
East Main in Castle Dale, Utah, where they may be examined during
regular business hours of the Issuer's Clerk and the County
Clerk/Auditor from 8:30 a.m. to 5:00 p.m. Monday through Friday for a
period of at least thirty (30) days from and after the publication of
this Notice.
  	NOTICE IS HEREBY GIVEN that a period of thirty (30) days from and
after the publication hereof is provided by law during which any
person in interest shall have the right to contest the legality of the
Final Bond Resolutions, or the Bonds, or any provision made for the
security and payment of the Bonds by filing a verified written
complaint in the district court of the county in which he/she resides,
and that after such time, other than referendum rights no one shall
have any cause of action to contest the regularity, formality or
legality thereof for any cause whatsoever.
  /s/ Brenda Tuttle
  County Clerk/Auditor
  Published in the Emery County Progress November 29, 2011.

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