Notice of Public Hearing and Intent to Issue Bonds
November 19, 2026
PUBLIC NOTICE IS HEREBY GIVEN that on October 15, 2026, the Board of Trustees (the "Board") of the South Davis Sewer District, Utah (the “District”), adopted a resolution (the "Resolution”), calling a public hearing to receive input from the public with respect to the issuance of its combined utility system revenue bonds, in one or more series (the "Bonds”), to finance all or a portion of the cost of the acquisition, construction and completion of improvements to the District’s north sewer treatment and disposition plant and various other improvements to the District’s system for the collection, treatment and disposition of sewage (the "Project") and the potential economic impact that the Project will have on the private sector, pursuant to the Local Government Bonding Act, Title 11, Chapter 14, Utah Code Annotated 1953, as amended (the "Act”).
PURPOSE FOR ISSUING BONDS
The District intends to issue the Bonds for the purpose of (1) financing all or a portion of the costs of the acquisition, construction and completion of the Project, (2) funding any necessary reserves and contingencies in connection with the Bonds, and (3) paying the costs incurred in connection with the issuance and sale of the Bonds.
MAXIMUM PRINCIPAL AMOUNT OF THE BONDS
The District intends to issue the Bonds in an aggregate principal amount not exceeding $25,000,000.
NO TAXES PROPOSED TO BE PLEDGED
The Bonds will be secured by and paid from revenues, fees, income, rents and receipts derived by the District from or attributable to the District’s sewer system and certain other facilities or projects of the District that are designated as additional facilities under the Resolution remaining after the payment of operation and maintenance costs, and no taxes will be pledged for repayment of the Bonds.
TIME, PLACE AND LOCATION OF PUBLIC HEARING
The District will hold a public hearing during its Board meeting which begins at 5:00 p.m. on November 19, 2026. The public hearing will be held at the regular meeting place of the Board at 1800 West 1200 North, in West Bountiful, Utah. All members of the public are invited to attend and participate in the public hearing. Written comments may be submitted to the District, to the attention of the Clerk, prior to the public hearing.
PURPOSE FOR HEARING
The purpose of the hearing is to receive input from the public with respect to the issuance of the Bonds and the potential economic impact that the Project will have on the private sector.
SOUTH DAVIS SEWER DISTRICT
Candice L. Venn
Clerk