Notice Of Public Hearing
AND BONDS TO BE ISSUED
PRICE 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 on November 23, 2010, the City Council (the
"Council") of Price City, Utah (the "Issuer"), adopted a resolution
(the "Resolution") in which it authorized the issuance and sale of the
Issuer's Taxable Water and Sewer Revenue Bonds (herein, the "Bonds")
in an aggregate principal amount not to exceed One Million Six Hundred
Thousand Dollars ($1,600,000), to bear no interest, to mature in not
more than twenty-five (25) 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.
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. No taxes
will be pledged to secure the Bonds. The public hearing will be held
on January 12, 2011, at 5:30 p.m. or as soon thereafter as feasible,
at Price City Offices located at 185 East Main, Price, 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 (the "Final Bond Resolution") for the purposes of (i) financing
improvements to the Issuer's water system, and (ii) paying the costs
of issuing the Bonds.
A draft of the Final Bond Resolution in substantially final form was
before the Council and was part of the Resolution at the time of the
adoption of the Resolution by the Council (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, the interest rate, maturity and discount of the
Bonds will not exceed the maximums set forth above.
Copies of the Bond Resolutions are on file in the office of the City
Recorder of the Issuer in Price, Utah, where they may be examined
during regular business hours, i.e., between 8:00 a.m. and 4:00 p.m.,
Monday through Friday, for 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, any person in
interest shall have the right to contest the legality of the 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 their county of residence, and that after such
30-day period, no one shall have any cause of action to contest the
regularity, formality or legality thereof for any reason.
DATED: November 23, 2010.
/s/ ---------- Laurie Tryon
Published in the Sun Advocate November 30 and December 7, 2010.
These legal notices, along with those from other fine Utah newspapers, can be viewed at www.utahlegals.com