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Notice of Public Hearing - 08.14.18

Please take a moment and view the "Notice of Public Hearing" from the Washington County School District Board of Education about the issuance of a general obligation bond.


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NOTICE OF PUBLIC HEARING

BOARD OF EDUCATION OF WASHINGTON COUNTY SCHOOL DISTRICT, WASHINGTON COUNTY, UTAH

PUBLIC NOTICE IS HEREBY GIVEN that on August 14, 2018, the Board of Education (the “Board”) of Washington County School District, Washington County, Utah (the “District”) adopted a resolution (the “Resolution”), providing for a local special 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 $125,000,000 (the “Local Special 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 Local Special Bond Election, the Board intends to issue general obligation bonds for the purpose of raising money for constructing, improving and acquiring one or more school sites, buildings and furnishings and improving, remodeling and updating existing school property, including safety upgrades, under the charge of the Board, and, to the extent necessary, for providing moneys for the refunding of general obligation bonds.

MAXIMUM PRINCIPAL AMOUNT OF THE GENERAL OBLIGATION BONDS

If approved by eligible voters at the Local Special Bond Election, the Board intends to issue general obligation bonds in an amount not to exceed $125,000,000, 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 will be obligated to levy and collect ad valorem taxes sufficient to pay the general obligation bonds, as provided by law.

TIME, PLACE AND LOCA TION OF PUBLIC HEARING

The Board will hold a public hearing during its meeting that begins at 4:30 p.m. on September 11, 2018. The public hearing will be held at the District’s Office located at 121 West Tabernacle Street, St. George, Utah 84770. 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, 121 West Tabernacle Street, St. George, Utah 84770.

DATED this 14th day of August, 2018.

BOARD OF EDUCATION OF WASHINGTON COUNTY SCHOOL DISTRICT, WASHINGTON COUNTY, UTAH

By /s/BrentBills
Business Administrator

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