Notice Of Public Hearing And Bonds To Be Issued
CARBON COUNTY, UTAH
Pursuant to the Utah Local Government Bonding Act, Title 11, Chapter
14, Utah Code Annotated 1953, as amended (the "Act"), on September 15,
2010, the Board of County Commissioners (the "Commission") of Carbon
County, Utah (the "Issuer") adopted a resolution (the "Resolution") in
which it authorized the potential issuance of the Issuer's Taxable
Excise Tax Revenue Bonds, in one or more series, in an aggregate
principal amount of not more than $1,500,000 (the "Bonds"), 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, plus accrued interest, if any, thereon.
NOTICE IS FURTHER GIVEN that the Issuer will hold a public hearing on
October 20, 2010 at 4:30 p.m. or as soon thereafter as feasible at the
County offices located at 120 East Main, Price, Utah. The purpose of
the public hearing is to receive public input regarding the proposed
issuance of the Bonds and the potential economic impact that the
improvement, facility, or property for which the bonds pay all or a
part of the cost will have on the private sector. As Taxable Excise
Tax Revenue Bonds, no property taxes will be pledged for repayment of
The Bonds, pursuant to the Resolution, and a Bond Resolution to be
adopted authorizing the sale of the Bonds, are to be issued for the
purpose of (i) financing the acquisition and construction of
Recreation Facilities, including Fairground Improvements and related
matters; (ii) paying costs associated with the issuance of the Bonds.
The Issuer proposes to pledge 100% of the Restaurant Tax Funds
received by Issuer pursuant to Title 59, Chapter 12, Part 6, Section
603(1)(a)(ii), Utah Code Annotated 1953, as amended, and for repayment
of the Bonds.
Copies of the Resolution and the Bond Resolution are on file in the
office of the County Clerk/Auditor in the County offices, where they
may be examined during regular business hours of the County
Clerk/Auditor from 8:00 a.m. to 5:00 p.m., Monday through Friday, for
a period of at least 30 days from and after the last date of
publication of this notice.
NOTICE IS FURTHER GIVEN that a period of 30 days 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 Bond Resolution, 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. If written petitions which have been signed by at least
20% of the registered voters of the Issuer, are filed with the Issuer
during said 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 the Issuer, file
a written petition during said 30-day period, the Issuer may proceed
to issue the Bonds without an election.
DATED this September 15, 2010.
/s/ Robert P. Pero
Published in the Sun Advocate September 21 and 28, 2010.
These legal notices, along with those from other fine Utah newspapers, can be viewed at www.utahlegals.com