serving 2013-06-18 through 2013-06-18
NOTICE OF BONDS TO BE ISSUED NOTICE IS HEREBY GIVEN pursuant to the provisions of Section 11-14-316, Utah Code Annotated 1953, as amended, that on June 12, 2013, the Board of Education (the "Board ") of Weber School District, Utah (the "District "), adopted a resolution (the "Resolution ") in which it authorized and approved the issuance of its General Obligation School Building Bonds (Utah School Bond Guaranty Program) (the "Bonds "), in the aggregate principal amount of not to exceed Twenty-Five Million Dollars, to bear interest at a rate or rates of not to exceed five percent per annum, to mature over a period not to exceed twenty-one years from their date or dates and to be sold at a discount from par, expressed as a percentage of the principal amount, of not to exceed two percent. The purchaser will be required to make a good faith deposit in connection with its agreement to purchase the Bonds. Pursuant to the Resolution, the Bonds are to be issued for the purpose of, among other things, raising money for constructing and acquiring buildings and furnishings and remodeling and updating existing school property under the charge of the Board. The Board will pledge the full faith and credit of the District for the payment of the Bonds. The Board currently has $109,330,000 par amount of bonds currently outstanding that are secured by the full faith and credit of the District. More detailed information relating to the Board 's outstanding bonds can be found in the District 's most recent Basic Financial Statements that are available on the Office of the Utah State Auditor 's website (www.sao.state.ut.us). Assuming a final maturity for the Bonds of 20 years from the date hereof and that the Bonds are issued in an aggregate principal amount of $25,000,000 and are held until maturity, based on the Board 's currently expected financing structure and interest rates in effect around the time of publication of this notice, the estimated total cost to the Board of the proposed Bonds is $38,375,260. The Bonds are to be issued and sold by the Board pursuant to the Resolution. A copy of the Resolution is on file in the office of the Business Administrator of Weber School District at 5320 South Adams Avenue Parkway, in Washington Terrace, Utah, where the Resolution may be examined during regular business hours of the Business Administrator from 8:00 a.m. to 5:00 p.m. The Resolution shall be so available for inspection for a period of at least thirty days from and after the date of the publication of this notice. NOTICE IS FURTHER GIVEN that pursuant to law for a period of thirty days from and after the date of the publication of this notice, any person in interest shall have the right to contest the legality of the above-described Resolution of the Issuer or the Bonds authorized thereby or any provisions made for the security and payment of the Bonds. After such time, no one shall have any cause of action to contest the regularity, formality or legality of the Resolution, the Bonds or the provisions for their security or payment for any cause. DATED this 12th day of June, 2013. BOARD OF EDUCATION OF WEBER SCHOOL DISTRICT, UTAH By /s/ Robert D. Peterson Robert D. Petersen Business Administrator [SEAL] Pub.: June 18, 2013. 524310
NOTICE OF BONDS TO BE ISSUED NOTICE IS HEREBY GIVEN pursuant to the provisions of Section 11-14-316, Utah Code Annotated 1953, as amended, that on June 12, 2013, the Board of Education (the "Board ") of Weber School District, Utah (the "District "), adopted a resolution (the "Resolution ") in which it authorized and approved the issuance of its General Obligation School Building Bonds (Utah School Bond Guaranty Program) (the "Bonds "), in the aggregate principal amount of not to exceed Twenty-Five Million Dollars, to bear interest at a rate or rates of not to exceed five percent per annum, to mature over a period not to exceed twenty-one years from their date or dates and to be sold at a discount from par, expressed as a percentage of the principal amount, of not to exceed two percent. The purchaser will be required to make a good faith deposit in connection with its agreement to purchase the Bonds. Pursuant to the Resolution, the Bonds are to be issued for the purpose of, among other things, raising money for constructing and acquiring buildings and furnishings and remodeling and updating existing school property under the charge of the Board. The Board will pledge the full faith and credit of the District for the payment of the Bonds. The Board currently has $109,330,000 par amount of bonds currently outstanding that are secured by the full faith and credit of the District. More detailed information relating to the Board 's outstanding bonds can be found in the District 's most recent Basic Financial Statements that are available on the Office of the Utah State Auditor 's website (www.sao.state.ut.us). Assuming a final maturity for the Bonds of 20 years from the date hereof and that the Bonds are issued in an aggregate principal amount of $25,000,000 and are held until maturity, based on the Board 's currently expected financing structure and interest rates in effect around the time of publication of this notice, the estimated total cost to the Board of the proposed Bonds is $38,375,260. The Bonds are to be issued and sold by the Board pursuant to the Resolution. A copy of the Resolution is on file in the office of the Business Administrator of Weber School District at 5320 South Adams Avenue Parkway, in Washington Terrace, Utah, where the Resolution may be examined during regular business hours of the Business Administrator from 8:00 a.m. to 5:00 p.m. The Resolution shall be so available for inspection for a period of at least thirty days from and after the date of the publication of this notice. NOTICE IS FURTHER GIVEN that pursuant to law for a period of thirty days from and after the date of the publication of this notice, any person in interest shall have the right to contest the legality of the above-described Resolution of the Issuer or the Bonds authorized thereby or any provisions made for the security and payment of the Bonds. After such time, no one shall have any cause of action to contest the regularity, formality or legality of the Resolution, the Bonds or the provisions for their security or payment for any cause. DATED this 12th day of June, 2013. BOARD OF EDUCATION OF WEBER SCHOOL DISTRICT, UTAH By /s/ Robert D. Peterson Robert D. Petersen Business Administrator [SEAL] Pub.: June 18, 2013. 524310