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Front Page » November 30, 2010 » Legal Notices » Public Notice
Published 1,368 days ago

Public Notice


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NOTICE OF PUBLIC HEARING AND BONDS TO BE ISSUED MUNICIPAL BUILDING
AUTHORITY OF CARBON COUNTY, UTAH

NOTICE IS HEREBY GIVEN pursuant to the provisions of the Local
Building Authority Act, Title 17D, Chapter 2, Utah Code Annotated
1953, as amended, that on November 17, 2010, the Governing Board (the
"Governing Board") of the Municipal Building Authority of Carbon
County, Utah (the "Issuer") adopted a resolution (the "Resolution") in
which it authorized the issuance by the Issuer of its Taxable Lease
Revenue Bonds (the "Bonds") in the aggregate principal amount of not
to exceed One Million Five Hundred Thousand Dollars ($1,500,000), to
bear no interest, to mature in not more than thirty-five (35) years
from their date or dates, and to be sold at a price not less than
ninety-nine percent (99%) of the total principal amount thereof, plus
accrued interest to the date of delivery.

The Bonds will be issued pursuant to the Resolution, and one or more
Authorizing Resolutions and one or more Master Resolutions
(collectively, the "Final Bond Resolutions"), to be adopted
authorizing and confirming the sale of the Bonds for the purpose of
(i) financing fairground improvements, and (ii) paying issuance
expenses to be incurred in connection with the issuance and sale of
the Bonds.

NOTICE IS FURTHER GIVEN that the Issuer calls a public hearing for
December 8, 2010, at 4:30 p.m., or as soon thereafter as feasible, in
the County Commission Chambers at 120 East Main Street in Price, Utah
to receive input from the public with respect to the issuance of the
Bonds and the potential economic impact that the facilities and
related improvements to be paid for in whole or in part with the Bonds
will have on the private sector.  The maximum amount, interest rate,
maturity, and discount on the Bonds will be as set forth above.  As
lease revenue obligations, no taxes are proposed to be pledged for
repayment of the Bonds.

A draft of the Final Bond Resolutions in substantially final form was
before the Governing Board and was part of the Resolution
(collectively, the "Borrowing Resolutions") at the time of its
adoption by the Governing Board.  The Final Bond Resolutions will be
adopted by the Governing Board in such form and with such changes
thereto as shall be approved by the Governing Board upon the adoption
thereof; provided that the principal amount, interest rate, maturity
and discount of the Bonds will not exceed the maximums set forth
above. 

Copies of the Borrowing Resolutions are on file in the office of the
Secretary of the Municipal Building Authority of Carbon County, Utah,
in the County offices in Price, Utah, where they may be examined
during regular business hours of the Secretary 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.

NOTICE IS FURTHER GIVEN that, for a period of thirty (30) days from
and after the date of the publication of this notice (the "30-day
Period"), (i) any person in interest shall have the right to contest
the legality of the Borrowing Resolutions,  the Bonds, or any
provision made for the security and payment of the Bonds, and that
after the 30-day Period, no one shall have any cause of action to
contest the regularity, formality or legality thereof for any cause
for any reason, and (ii) registered voters within Carbon County  may
sign a written petition requesting an election to authorize the
issuance of the Bonds.  If written petitions which have been signed by
at least 20% of the registered voters of Carbon County are filed with
the Issuer during the 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 Carbon
County file a written petition during the 30-day Period, the Issuer
may proceed to issue the Bonds without an election.
DATED this November 17, 2010.


/s/ Robert P. Pero
Secretary

Published in the Sun Advocate November 23 and 30, 2010.
    
    

These legal notices, along with those from other fine Utah newspapers, can be viewed at www.utahlegals.com.


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