Notice of Bonds to be Issued

Utah Public Notice

Board of Education

Wasatch County School District Notice of Bonds to be Issued

Notice Date & Time: 6/14/22 6:30 PM

Description/Agenda:

        NOTICE OF BONDS TO BE ISSUED

NOTICE IS HEREBY GIVEN pursuant to the provisions of the Utah Refunding Bond Act, Title 11, Chapter 27, Utah Code Annotated 1953, as amended, that on June 14, 2022, the Board of Education (the 'Board') of Wasatch County School District, Utah (the 'School District') adopted a resolution (the 'Resolution'), in which it authorizes the issuance of its General Obligation Refunding Bonds (Utah School District Bond Guaranty Program) (to be issued from time to time, in one or more series and with such other designation(s) as the Board may determine) (the 'Bonds').

 

PURPOSE FOR ISSUING THE BONDS

Pursuant to the Resolution, the Bonds are to be issued for the purpose of (i) refunding outstanding bonds of the Board in order to achieve a debt service savings, and (ii) paying related expenses.

 

PARAMETERS OF THE BONDS

The Board intends to issue the Bonds in the aggregate principal amount of not to exceed Fourteen Million Five Hundred Thousand Dollars ($14,500,000), to mature in not more than five (5) 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 five percent (5.0%) per annum. 

The Bonds are to be issued and sold by the Board pursuant to the Resolution, with such final terms and provisions as may be deemed appropriate by authorized officers of the Board, provided that said final terms shall not exceed the maximums set forth above.

A copy of the Resolution is on file in the office of the Business Administrator of the Board in the Board's offices located at 101 East 200 North, Heber, Utah, where it may be examined during regular business hours of the Business Administrator, from 8:00 a.m. to 5:00 p.m., for a period of at least thirty (30) days from and after the date of publication of this notice.

 

SECURITY PLEDGED FOR THE BONDS

 

The Bonds are general obligations of the Board secured by the full faith and credit and taxing power of the Board.

 

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 or the Bonds, or any provision made for the security and payment of the 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 June 14, 2022.

 

 

               /s/          Keith Johansen     

               Business Administrator

 

 

                                                                           

Notice of Special Accommodations:

In compliance with the Americans With Disabilities Act, individuals needing special accommodations during this meeting should notify the Superintendents office at 435-654-0280 at least one day prior to the meeting.

Notice of Electronic or telephone participation:

Not Available

Other information:

Location:

101 E 200 N, HEBER CITY, 84032

Contact information:

Stacey Moore , stacey.moore@wasatch.edu, (435)654-0280