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NOTICE OF PUBLIC HEARING AND BONDS TO BE

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serving 2013-01-11 through 2013-01-18

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, that on January 8, 2013, the City Council (the "City Council ") of Ogden City, Utah (the "Issuer "), adopted a resolution (the "Resolution ") in which it authorized the issuance of the Issuer 's Sewer and Water Revenue Bonds, Series 2013A (the "Series 2013A Bonds ") and called a public hearing to receive input from the public with respect to (a) the issuance of the Series 2013A Bonds and (b) any potential economic impact that the Project described herein to be financed with the proceeds of the Series 2013A Bonds may have on the private sector. TIME, PLACE AND LOCATION OF PUBLIC HEARING The Issuer shall hold a public hearing on February 5, 2013, at the hour of 6:00 p.m. at 2549 Washington Blvd., Ogden, Utah. All members of the public are invited to attend and participate. PURPOSE FOR ISSUING THE SERIES 2013A BONDS The Series 2013A Bonds will be issued for the purpose of (a) financing the reconstruction and rehabilitation of a main water transmission line, construction of a water storage tank and related improvements (collectively, the "Project "), (b) fund a debt service reserve fund, and (c) paying costs of issuance of the Series 2013A Bonds. REVENUES TO BE PLEDGED The Series 2013A Bonds are special limited obligations of the Issuer payable from the net revenues of the Issuer 's sewer and water system. PARAMETERS OF THE SERIES 2013A BONDS The Issuer intends to issue the Series 2013A Bonds in the aggregate principal amount of not more than Six Million Five Hundred Thousand Dollars ($6,000,000), to bear interest at the rate or rates of not to exceed three and one-half percent (3.50%) per annum, to mature in not more than twenty-five (25) years from their date or dates, and to be sold at a price not less than ninety-eight percent (98%) of the total principal amount thereof. The Series 2013A Bonds are to be issued and sold by the Issuer pursuant to the Resolution, including as part of said Resolution, a General Indenture of Trust dated as of December 1, 1994, as heretofore amended and supplemented (the "General Indenture "), and a Supplemental Indenture of Trust (the "Supplemental Indenture " and together with the General Indenture, the "Indenture ") which were before the City Council in substantially final form at the time of the adoption of the Resolution. Said Supplemental Indenture is to be executed by the Issuer in such form and with such changes thereto as shall be approved by the Issuer; provided that the principal amount, interest rate or rates, maturity, and discount of the Series 2013A Bonds will not exceed the maximums set forth above. A copy of the Resolution and the Indenture are on file in the office of the City Recorder, 2549 Washington Blvd., Ogden, 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 Indenture (only as the same relates to the Series 2013A Bonds), or the Series 2013A Bonds, or any provision made for the security and payment of the Series 2013A 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 January 8, 2013. /s/ Tracy Hansen City Recorder Pub.: January 11, 18, 2013. 510762

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