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Front Page » December 28, 2010 » Legal Notices » Notice Of Public Hearing And Bonds To Be Issued
Published 1,450 days ago

Notice Of Public Hearing And Bonds To Be Issued


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WELLINGTON CITY, UTAH

	NOTICE IS HEREBY GIVEN pursuant to the provisions of the Utah Local
Government Bonding Act, Title 11, Chapter 14, Utah Code Annotated
1953, as amended, that Wellington City, Utah (the "Issuer"), intends
to issue Taxable Sewer Revenue Bonds (the "Bonds") in the aggregate
principal amount of not to exceed $280,000 to bear no interest, to
mature in not more than 35 years from their date or dates, and to be
sold at a price not less than 99% of the total principal amount
thereof.

	NOTICE IS FURTHER GIVEN that the Issuer will hold a public hearing on
January 5, 2011, at 7:00 p.m. or as soon thereafter as feasible.  The
location of the public hearing is at the Issuer's offices at 150 West
Main Street in Wellington, Utah.  The purpose of the meeting is to
receive input from the public with respect to the issuance of the
Bonds and the potential economic impact that the improvement,
facility, or property for which the Bonds will pay all or part of the
cost will have on the private sector. All members of the public are
invited to attend and participate.

	The Bonds will be issued for the purposes of (i) financing the
construction of improvements to the Issuer's Sewer system and related
improvements, and (ii) paying issuance expenses of the Bonds. As sewer
revenue bonds, no property taxes will be pledged for repayment of the
Bonds.

	The Bonds are to be issued and sold by the Issuer pursuant to a
Resolution, including as part of the Resolution the draft of a Final
Bond Resolution (collectively, the "Bond Resolutions"). The Final Bond
Resolution is to be adopted by the Council in such form and with such
changes thereto as shall be approved by the Council upon the adoption
thereof; provided that the principal amount, interest rate or rates,
maturity, and discount of the Bonds will not exceed the maximums set
forth above.

	A copy of the Bond Resolutions are on file in the office of the City
Recorder of the Issuer in Wellington, Utah, where they may be examined
during regular business hours of the City Recorder from 9:00 a.m. to
5:00 p.m. Monday through Friday for a period of at least thirty (30)
days from and after the last date of publication of this notice.

	NOTICE IS FURTHER GIVEN that a period of thirty (30) days from and
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 Final Bond Resolution, 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, no one
shall have any cause of action to contest the regularity, formality or
legality thereof for any cause whatsoever.
DATED January 5, 2011.
   /s/ Ken Powell
City Recorder
Published in the Sun Advocate December 21 and 28, 2010.
    
    

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


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