PUBLIC NOTICE IS HEREBY GIVEN that on Wednesday, August 14, 2019, the Board of Education (the “Board”) of Carbon County School District, Utah (the “District”) adopted a resolution (the “Resolution”), providing for a Bond Election to be held in the District on Tuesday, November 5, 2019, for the purpose of submitting to the qualified electors of the District the question of the issuance of general obligation bonds in an amount not to exceed $36,000,000 (the “Bond Election”) and calling a public hearing to receive input from the public with respect to the issuance of general obligation bonds and the potential economic impact that the improvement, facility, or property for which the bonds pay all or part of the cost will have on the private sector, pursuant to the Section 11-14-318 of the Utah Code Annotated 1953, as amended.
PURPOSE FOR THE ISSUANCE OF GENERAL OBLIGATION BONDS
If approved by eligible voters at the Bond Election, the Board intends to issue general obligation bonds for the purpose of constructing and acquiring one or more school sites, buildings and furnishings and improving existing school property under the charge of the Board.
MAXIMUM PRINCIPAL AMOUNT OF THE GENERAL OBLIGATION BONDS
If approved by eligible voters at the Bond Election, the Board intends to issue general obligation bonds in an amount not to exceed $36,000,000, in one or more series at one or more times.
THE TAXES, IF ANY, PROPOSED TO BE PLEDGED
The Board proposes to pledge the full faith and credit of the District for the payment of its general obligation bonds and may be obligated to levy and collect ad valorem taxes sufficient to pay the general obligation bonds, as provided by law.
TIME, PLACE AND LOCATION OF PUBLIC HEARING
The Board will hold a public hearing at 5:00 p.m. on October 11, 2019. The public hearing will be held at the District’s offices, located at 251 W 400 N, Price, Utah. All members of the public are invited to attend and participate in the public hearing. Prior to the public hearing, written comments may be submitted to the Board, to the attention of the Business Administrator, 251 W 400 N, Price, Utah 84501.
Published in the ETV Newspaper on September 25, and October 2, 2019.