serving 2012-06-05 through 2012-06-12
SOUTH OGDEN CITY NOTICE OF PUBLIC HEARING AND BONDS TO BE ISSUED Pursuant to the Utah Local Government Bonding Act, Title 11, Chapter 14, Utah Code Annotated 1953, as amended (the Act), the City Council (the Council) of South Ogden City, Utah (the Issuer) on June 5, 2012, shall consider or has considered a resolution (the Resolution) in which it authorizes the potential issuance of the Issuer 's Road Bonds, in one or more series, in an aggregate principal amount of not more than $2,500,000 (the Bonds), to bear interest at a rate or rates of not to exceed 5.0% per annum, to mature in not more than 10 years from their date or dates, and to be sold at a price not less than 98% of the total principal amount thereof, plus accrued interest, if any, thereon. NOTICE IS FURTHER GIVEN that the Issuer will hold a public hearing on June 19, 2012 at 6:00 p.m. or as soon thereafter as feasible at the bowery of Friendship Park located at 5500 S 650 E, South Ogden, Utah. The purpose of the public hearing is to receive public input regarding the proposed issuance of the Bonds and the potential economic impact that the improvement, facility, or property for which the bonds pay all or a part of the cost will have on the private sector. As Road Bonds, no property taxes will be pledged for repayment of the Bonds. The Bonds, pursuant to the Resolution, and of a Bond Resolution, including the authorization of an Indenture, to be adopted authorizing the sale of the Bonds, are to be issued for the purpose of (i) financing the acquisition and construction of Road Improvements and related matters; and (ii) paying costs associated with the issuance of the Bonds. The Issuer proposes to pledge 100% of the Road Funds received by Issuer pursuant to Sections 72-2-107 through 72-2-110, Utah Code Annotated 1953, as amended, for repayment of the Bonds. Copies of the Resolution, and the Bond Resolution, including form of Indenture, are on file in the office of the City Recorder in the City offices, 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 30 days from and after the last date of publication of this notice. NOTICE IS FURTHER GIVEN that a period of 30 days after the last 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 Bond Resolution, including Indenture, 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. If written petitions which have been signed by at least 20% of the registered voters of the Issuer, are filed with the Issuer during said 30-day period, the Issuer shall be required to hold an election to obtain voter authorization prior to the issuance of the Bonds. If fewer than 20% of the registered voters of the Issuer, file a written petition during said 30-day period, the Issuer may proceed to issue the Bonds without an election. Leesa Kapetanov South Ogden City Recorder Pub.: June 5, 12, 2012. 490993
SOUTH OGDEN CITY NOTICE OF PUBLIC HEARING AND BONDS TO BE ISSUED Pursuant to the Utah Local Government Bonding Act, Title 11, Chapter 14, Utah Code Annotated 1953, as amended (the Act), the City Council (the Council) of South Ogden City, Utah (the Issuer) on June 5, 2012, shall consider or has considered a resolution (the Resolution) in which it authorizes the potential issuance of the Issuer 's Road Bonds, in one or more series, in an aggregate principal amount of not more than $2,500,000 (the Bonds), to bear interest at a rate or rates of not to exceed 5.0% per annum, to mature in not more than 10 years from their date or dates, and to be sold at a price not less than 98% of the total principal amount thereof, plus accrued interest, if any, thereon. NOTICE IS FURTHER GIVEN that the Issuer will hold a public hearing on June 19, 2012 at 6:00 p.m. or as soon thereafter as feasible at the bowery of Friendship Park located at 5500 S 650 E, South Ogden, Utah. The purpose of the public hearing is to receive public input regarding the proposed issuance of the Bonds and the potential economic impact that the improvement, facility, or property for which the bonds pay all or a part of the cost will have on the private sector. As Road Bonds, no property taxes will be pledged for repayment of the Bonds. The Bonds, pursuant to the Resolution, and of a Bond Resolution, including the authorization of an Indenture, to be adopted authorizing the sale of the Bonds, are to be issued for the purpose of (i) financing the acquisition and construction of Road Improvements and related matters; and (ii) paying costs associated with the issuance of the Bonds. The Issuer proposes to pledge 100% of the Road Funds received by Issuer pursuant to Sections 72-2-107 through 72-2-110, Utah Code Annotated 1953, as amended, for repayment of the Bonds. Copies of the Resolution, and the Bond Resolution, including form of Indenture, are on file in the office of the City Recorder in the City offices, 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 30 days from and after the last date of publication of this notice. NOTICE IS FURTHER GIVEN that a period of 30 days after the last 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 Bond Resolution, including Indenture, 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. If written petitions which have been signed by at least 20% of the registered voters of the Issuer, are filed with the Issuer during said 30-day period, the Issuer shall be required to hold an election to obtain voter authorization prior to the issuance of the Bonds. If fewer than 20% of the registered voters of the Issuer, file a written petition during said 30-day period, the Issuer may proceed to issue the Bonds without an election. Leesa Kapetanov South Ogden City Recorder Pub.: June 5, 12, 2012. 490993