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 the Board of County Commissioners of Emery County, Utah, acting as the Governing Body (the “Board”) of the Castle Valley Special Service District, Emery County, Utah (the “Issuer”) desires to authorize the issuance of the Issuer’s General Obligation Bonds in the aggregate principal amount of not to exceed $848,000 (the “Bonds”) the Bonds 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 six (6) 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 calls 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 March 19, 2019, at 3:00 p.m., or as soon thereafter as feasible, at the County Building located at 75 East Main, Castle Dale, Utah. The General Obligation Bonds are intended to be issued pursuant to a special bond election held on November 3, 2009, and will be secured by a full faith and credit pledge of ad valorem (real) property taxes.
The Bonds will be issued pursuant to a Final Bond Resolution to be adopted authorizing and confirming the sale of the Bonds for the purposes of (i) improving, through purchase or construction or both, facilities for the collection and treatment of sewage; facilities used in connection with the acquisition, treatment, storage, transportation, and supply of water for domestic, industrial, secondary and other purposes; drainage and storm sewer facilities, including curbs and gutters; and transportation facilities consisting of roads, sidewalks and related bridges and viaducts; together with all necessary land, rights of way, equipment and furnishings therefor, and including such legal, engineering, and fiscal agent expenses reasonably incurred in connection with the acquisition of such facilities in and for the District, and (ii) paying the costs of issuance of the Bonds.
Copies of the Final Bond Resolution will be on file in the office of the Clerk of the Issuer at the Issuer’s office at 86 South 100 East in Castle Dale, Utah and in the office of the County Clerk/Auditor at 75 East Main in Castle Dale, Utah, where they may be examined during regular business hours of the Issuer’s Clerk and the County Clerk/Auditor from 8:30 a.m. to 5:00 p.m. Monday through Friday for a period of at least thirty (30) days from and after the public hearing.
Dated: February 20, 2019
/s/ Brenda Tuttle
Published in the ETV Newspaper on on February 27 and March 6, 2019.