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Front Page » January 29, 2013 » Legal Notices » NOTICE OF PUBLIC HEARING AND BONDS TO BE ISSUED CASTLE VA...
Published 595 days ago

NOTICE OF PUBLIC HEARING AND BONDS TO BE ISSUED CASTLE VALLEY SPECIAL SERVICE DISTRICT, 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  (the "Act") that on January 22, 2013, the Board of
County Commissioners of Emery County, Utah acting as the Governing
Body (the "Board") of the Castle Valley Special Service District, Utah
(the "Issuer"), adopted a resolution (the "Resolution") in which it
called a public hearing and authorized the issuance of the Issuer's
General Obligation Bonds, Series 2013 (the "Series 2013 Bonds") in the
aggregate principal amount of not to exceed Two Million Dollars
($2,000,000), to bear interest at a rate or rates of not to exceed two
and one-half percent (2.5%) per annum, to mature in not more than
seven (7) years from their date or dates, at a price not less than
ninety-eight percent (98%) of the total principal amount thereof, plus
accrued interest to the date of delivery.

	The Bonds will be issued pursuant to an Election duly passed on
November 3, 2009, from which it appears that the total number of votes
cast at the Election in favor of the issuance of General Obligation
Bonds was 1101 and that the total number of votes cast at said
election against the issuance of said bonds was 623 and there were 0
mutilated ballots.

	NOTICE IF FURTHER GIVEN that the Board of County Commissioners of
Emery County, Utah acting as the Governing Body of the Castle Valley
Special Service District, Utah, calls a public hearing for February
12, 2013, at 9:00 a.m., or as soon thereafter as feasible, in the
County Commission Chambers at 75 East Main Street in Castle Dale, Utah
to receive input from the public with respect to the issuance of the
Bonds and the potential economic impact that the facilities and
related improvements to be paid for in whole or in part with the Bonds
will have on the private sector.  The maximum amount, interest rate,
maturity, and discount on the Bonds will be as set forth above.  As
general obligation bonds, ad valorem (real) property taxes are
proposed to be pledged for repayment of the Bonds.

	The Bonds will be issued pursuant to a Final Bond Resolution to be
adopted authorizing and confirming the sale of the Bonds for the
purposes of (i) improving, through purchase or construction or both,
facilities for the collection and treatment of sewage; facilities used
in connection with the acquisition, treatment, storage,
transportation, and supply of water for domestic, industrial,
secondary and other purposes; drainage and storm sewer facilities,
including curbs and gutters; and transportation facilities consisting
of roads, sidewalks and related bridges and viaducts; together with
all necessary land, rights??'of??'way, equipment and furnishings
therefor, and including such legal, engineering, and fiscal agent
expenses reasonably incurred in connection with the acquisition of
such facilities in and for the District, and (ii) paying the costs of
issuance of the Bonds.

	The Final Bond Resolution will be adopted 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, maturity and discount of the Bonds will not exceed the maximums
set forth above.

	Copies of the Final Bond Resolution 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 public hearing.

	NOTICE IS HEREBY GIVEN that a period of thirty (30) days from and
after the public hearing is provided by law during which any person in
interest shall have the right to contest the legality of the Final
Bond Resolution, 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 January 29 and February 5,
2013.
    
    

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


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