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Front Page » March 25, 2014 » Legal Notices » NOTICE OF BONDS TO BE ISSUED
Published 177 days ago

NOTICE OF BONDS TO BE ISSUED


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NOTICE OF BONDS TO BE ISSUED

	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 February 11, 2014, as properly
noticed, in which it expressed its desire to authorize the issuance of
the Issuer's General Obligation Bonds in the aggregate principal
amount of not to exceed $1,348,000   (the "Bonds") the Bonds to bear
interest at a rate not to exceed 1.5% per annum, to mature in not more
than 7 years from their date or dates, and to be sold at a price not
less than 99% of the total principal amount thereof.  The estimated
total cost to the Issuer for the proposed Bonds, if the Bonds are held
until the maximum maturity, based on the maximum interest rate above,
is $1,420,850. Presently, the Issuer has no more than $5,216,000 in
outstanding bonds secured by a pledge of the full faith and credit of
the Issuer. The Utah Permanent Community Impact Fund Board has
authorized a grant to the Issuer in the amount of $700,000 for the
Project.

	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
therefore, and including such legal, engineering, and fiscal agent
expenses reasonably incurred in connection with the acquisition of
such facilities in and for the Issuer, and (ii) paying the costs of
issuance of the Bonds.  Ad valorem (real) property taxes will be
pledge to secure the Bonds.  

	The Final Bond Resolution was 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.

	A Copy of the Final Bond Resolution and information on the Issuer's
outstanding bonds 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 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 March 25, 2014.
    
    

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


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