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American Fork:
City Council

Entity: American Fork

Public Body: City Council

Subject: Bonds

Notice Title: American Fork Bond Election Public Hearing

Notice Type: Notice, Meeting, Hearing

Notice Date & Time: September 24, 2013 | 7:00 PM

Description/Agenda:

NOTICE OF PUBLIC HEARING

NOTICE IS HEREBY GIVEN pursuant to the provisions of the Local Government Bonding Act, Title 11, Chapter 14, Utah Code Annotated 1953, as amended, that on August 15, 2013, the City Council (the “Council”) of American Fork City, Utah (the “City”), adopted a resolution (the “Resolution”) in which it authorized the calling of an election (the “Election”) concerning the issuance of the City’s General Obligation Bonds (the “Bonds”) and called a public hearing to receive input from the public with respect to (a) the issuance of the Bonds and (b) any potential economic impact that the improvements, facilities or properties financed in whole or in part with the proceeds of the Bonds (see below) may have on the private sector. 
TIME, PLACE, AND LOCATION OF PUBLIC HEARING

The Council shall hold a public hearing on Tuesday, September 24, 2013, at the hour of 7:00 p.m. at 31 No. Church Street, American Fork, Utah.  The purpose of the hearing is to receive input from the public with respect to (a) the issuance of the Bonds and (b) any potential economic impact that the improvements, facilities, or properties financed in whole or in part with the proceeds of the Bonds may have on the private sector.  All members of the public are invited to attend and participate.
PURPOSE FOR ISSUING THE BONDS, MAXIMUM AMOUNT AND SECURITY

The Bonds are to be issued in the aggregate principal amount of not to exceed $20,000,000 for the purpose of financing all or a portion of the costs of constructing road improvements and related improvements, including repairing and improving related municipal water system, sewer system and storm drain system infrastructure, and paying costs of issuance of the Bonds.  The Bonds shall be secured by ad valorem property taxes of the City to the extent authorized by law.
The Bonds may be issued in one or more series and be sold from time to time, all as the Council may determine.
DATED this August 15, 2013.


/s/  	Richard Colborn	
City Recorder

Notice of Special Accommodations:

NOTICE OF SPECIAL ACCOMMODATION DURING PUBLIC MEETINGS In compliance with the Americans with Disabilities Act, individuals needing special accommodations (including auxiliary communicative aids and services) during this meeting should notify Richard Colborn at 801-763-3000.

Notice of Electronic or telephone participation:

NA

Other information:

This notice was posted on: August 22, 2013 07:27 AM
This notice was last edited on: August 22, 2013 07:27 AM

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