Notice of Public Hearing
Board of Education of Rich County School District,
Utah
Public Notice is
Hereby Given that on Tuesday, July 18, 2018, the Board of Education (the
“Board”) of Rich 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
6, 2018, 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 $8,500,000 (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 and, to the extent necessary,
for providing moneys for the refunding, at or prior to the maturity thereof, of
general obligation bonds 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 $8,500,000, 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 6:00 p.m. on
September 18, 2018. The public hearing
will be held at the District’s offices, located at 25 South 100 West, Randolph,
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,
25 South 100 West, Randolph, Utah 84064.
Dated July 18, 2018.
Board
of Education of Rich County School District, Utah
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