NOTICE OF PUBLIC HEARING AND BONDS TO BE ISSUED
CITY OF HELPER, 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 on August 2, 2012, the City Council (the
"Council") of the City of Helper, Utah (the "Issuer") adopted a
resolution (the "Resolution") in which it authorized the issuance of
the Issuer's Water Revenue Bonds (the "Bonds") in the aggregate
principal amount of not to exceed $8,000,000, to bear interest at the
rate or rates not to exceed two and one-half percent (2.5%) per annum,
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
NOTICE IS FURTHER GIVEN that the Issuer called a public hearing for
the purpose of inviting public comment on the proposed issuance of the
Bonds and the economic impact that the improvements proposed to be
financed with the Bonds will have on the private sector. The public
hearing will be held on September 6, 2012, at 6:00 p.m. or as soon
thereafter as feasible, at the Council Chambers located at 19 South
Main Street, Helper, Utah.
The Bonds will be issued pursuant to the Resolution and a Final Bond
Resolution to be adopted authorizing and confirming the sale of the
Bonds for the purposes of (i) financing the costs of constructing
drinking water system improvements, including replacement of
transmission lines, and related improving and (ii) paying the costs of
issuance of the Bonds.
A draft of the Final Bond Resolution in substantially final form was
before the Council and was part of the Resolution (collectively, the
"Bond Resolutions") at the time of its adoption by the City Council.
The Final Bond Resolution will 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, 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 at the Issuer's offices in Helper, 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 last date of
publication of this notice.
NOTICE IS HEREBY 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 Resolutions, 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, other
than referendum rights, no one shall have any cause of action to
contest the regularity, formality or legality thereof for any cause
DATED August 2, 2012.
/s/ Jona Skerl
Published in the Sun Advocate August 7 and 14, 2012.
These legal notices, along with those from other fine Utah newspapers, can be viewed at www.utahlegals.com