serving 2012-05-23 through 2012-05-28
NOTICE OF PUBLIC HEARING AND BONDS TO BE ISSUED NOTICE IS HEREBY GIVEN pursuant to the provisions of the Local Government Bonding Act, Title 11, Chapter 14, Utah Code Annotated 1953, as amended and the Utah Refunding Bond Act, Title 11, Chapter 27, Utah Code Annotated 1953, as amended, that on May 21, 2012, the Board of Trustees (the "Board ") of Taylor-West Weber Water Improvement District (the "Issuer "), adopted a resolution (the "Resolution ") in which it authorized the issuance of the Issuer 's Water Revenue Refunding Bonds, Series 2012 (the "Series 2012 Bonds ") (to be issued in one or more series and with such other series or title designation(s) as may be determined by the Issuer) and called a public hearing to receive input from the public with respect to the Series 2012 Bonds. TIME, PLACE AND LOCATION OF AND PURPOSE FOR PUBLIC HEARING The Issuer shall hold a public hearing on June 18, 2012, at the hour of 4:15 p.m. at 2815 West 3300 South, West Haven, Utah. The purpose of the hearing is to receive input from the public with respect to (a) the issuance of the Series 2012 Bonds and (b) any potential economic impact that the refunding of the Refunded Obligations may have on the private sector. All members of the public are invited to attend and participate. PURPOSE FOR ISSUING THE SERIES 2012 BONDS The Series 2012 Bonds will be issued for the purpose of (a) refunding outstanding water revenue obligations consisting of a construction loan dated March 19, 2008, with the Bank of Utah in the original amount of $400,000, and a loan dated as of October 6, 2003, with the State of Utah Department of Natural Resources, Division of Water Resources in the original principal amount of $825,000 (together, the "Refunded Obligations "), (b) funding a debt service reserve fund, if necessary, and (c) paying costs of issuance of the Series 2012 Bonds. PARAMETERS OF THE SERIES 2012 BONDS The Issuer intends to issue the Series 2012 Bonds in the aggregate principal amount of not more than One Million Five Hundred Thousand Dollars ($1,500,000), to mature in not more than thirteen (13) years from their date or dates, to be sold at a price not less than ninety-eight percent (98%) of the total principal amount thereof, and bearing interest at a rate or rates not to exceed four percent (4.00%) per annum. The Series 2012 Bonds are to be issued and sold by the Issuer pursuant to the Resolution, including as part of said Resolution, a Master Resolution (the "Master Resolution ") which was before the Board at the time of the adoption of the Resolution. SECURITY PLEDGED FOR THE SERIES 2012 BONDS The Series 2012 Bonds are special limited obligations of the Issuer payable from the net revenues of the System. A copy of the Resolution and the Master Resolution are on file in the office of Secretary of the Issuer at 2815 West 3300 South, West Haven, Utah, where they may be examined during regular business hours of the City Recorder from 8:00 a.m. to 5:00 p.m., Monday through Friday,] 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 Master Resolution (only as it relates to the Series 2012 Bonds), or the Series 2012 Bonds, or any provision made for the security and payment of the Series 2012 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 May 21, 2012. /s/ Shelley Hadley Secretary Pub.: May 23, 28, 2012. 490020
NOTICE OF PUBLIC HEARING AND BONDS TO BE ISSUED NOTICE IS HEREBY GIVEN pursuant to the provisions of the Local Government Bonding Act, Title 11, Chapter 14, Utah Code Annotated 1953, as amended and the Utah Refunding Bond Act, Title 11, Chapter 27, Utah Code Annotated 1953, as amended, that on May 21, 2012, the Board of Trustees (the "Board ") of Taylor-West Weber Water Improvement District (the "Issuer "), adopted a resolution (the "Resolution ") in which it authorized the issuance of the Issuer 's Water Revenue Refunding Bonds, Series 2012 (the "Series 2012 Bonds ") (to be issued in one or more series and with such other series or title designation(s) as may be determined by the Issuer) and called a public hearing to receive input from the public with respect to the Series 2012 Bonds. TIME, PLACE AND LOCATION OF AND PURPOSE FOR PUBLIC HEARING The Issuer shall hold a public hearing on June 18, 2012, at the hour of 4:15 p.m. at 2815 West 3300 South, West Haven, Utah. The purpose of the hearing is to receive input from the public with respect to (a) the issuance of the Series 2012 Bonds and (b) any potential economic impact that the refunding of the Refunded Obligations may have on the private sector. All members of the public are invited to attend and participate. PURPOSE FOR ISSUING THE SERIES 2012 BONDS The Series 2012 Bonds will be issued for the purpose of (a) refunding outstanding water revenue obligations consisting of a construction loan dated March 19, 2008, with the Bank of Utah in the original amount of $400,000, and a loan dated as of October 6, 2003, with the State of Utah Department of Natural Resources, Division of Water Resources in the original principal amount of $825,000 (together, the "Refunded Obligations "), (b) funding a debt service reserve fund, if necessary, and (c) paying costs of issuance of the Series 2012 Bonds. PARAMETERS OF THE SERIES 2012 BONDS The Issuer intends to issue the Series 2012 Bonds in the aggregate principal amount of not more than One Million Five Hundred Thousand Dollars ($1,500,000), to mature in not more than thirteen (13) years from their date or dates, to be sold at a price not less than ninety-eight percent (98%) of the total principal amount thereof, and bearing interest at a rate or rates not to exceed four percent (4.00%) per annum. The Series 2012 Bonds are to be issued and sold by the Issuer pursuant to the Resolution, including as part of said Resolution, a Master Resolution (the "Master Resolution ") which was before the Board at the time of the adoption of the Resolution. SECURITY PLEDGED FOR THE SERIES 2012 BONDS The Series 2012 Bonds are special limited obligations of the Issuer payable from the net revenues of the System. A copy of the Resolution and the Master Resolution are on file in the office of Secretary of the Issuer at 2815 West 3300 South, West Haven, Utah, where they may be examined during regular business hours of the City Recorder from 8:00 a.m. to 5:00 p.m., Monday through Friday,] 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 Master Resolution (only as it relates to the Series 2012 Bonds), or the Series 2012 Bonds, or any provision made for the security and payment of the Series 2012 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 May 21, 2012. /s/ Shelley Hadley Secretary Pub.: May 23, 28, 2012. 490020