Public Notice

A public hearing will be held on Tuesday, June 22, 2021 at 7:00 p.m. during City Council regarding a rezone request to rezone the subject properties from A-1 (Agricultural) and C-2 (Commercial) to R-3 (Residential). Location: 1455, 1525, 1527, 1543, 1550 South 1000 West & 942, 922 West 1600 South (TINs: 12-065-0005, 12-065-0086, 12-065-0091, 12-065-0096, 12-065-0104, 12-065-0186, 12-391-0011, 12-391-0012, 12-391-0022, & 12-391-0023). Project Area: 12.193 Acres.

 Public Hearing, Discussion and Possible Action on ZTA 2021-040034, a zoning text amendment request by David Clayton with Modal Services, LLC to amend zoning regulations relating to assisted living facilities in Clearfield City and within the C-1 (Commercial) Zone specifically. Staff: Brad McIlrath (Legislative Action).

NOTICE OF PUBLIC HEARING

Notice is hereby given that a public hearing will be held before the Clearfield City Council on Tuesday, June 22, 2021 at 7:00 P.M. in the City Council Chambers 55 South State, 3rd Floor, Clearfield, Utah, to receive public comment regarding the amending of the budget for Clearfield City Corporation for Fiscal Year 2021. Information on the proposed amendments is available by contacting the Finance Manager, Rich Knapp at 55 South State Street, Clearfield, Monday through Friday between the hours of 8:00 a.m. and 5:00 p.m.

All interested persons shall be given an opportunity to be heard.

Dated this 9th day of June, 2021.

CLEARFIELD CITY CORPORATION

/s/Nancy R. Dean, City Recorder

NOTICE OF PUBLIC HEARING

Notice is hereby given that a public hearing will be held before the Clearfield Community Development and Renewal Agency (CDRA) on Tuesday, June 22, 2021 at 7:00 p.m, in the City Council Chambers, 55 South State, 3rd Floor, Clearfield, Utah, to receive public comment regarding the amending of the CDRA budget for Fiscal Year 2021. Information on the proposed amendments is available by contacting the Finance Manager, Rich Knapp at 55 South State Street, Clearfield, Monday through Friday between the hours of 8:00 a.m. and 5:00 p.m.

All interested persons shall be given an opportunity to be heard.

Dated this 9th day of June, 2021.

CLEARFIELD COMMUNITY DEVELOPMENT
AND RENEWAL AGENCY

/s/Nancy R. Dean, City Recorder

NOTICE OF PUBLIC HEARING AND BONDS TO BE ISSUED

NOTICE IS HEREBY GIVEN pursuant to the provisions of the Local Government Bonding Act, Title 11, Chapter 14, Utah Code Annotated 1953, as amended (the “Act”), that on June 8, 2021, the City Council (the “Council”) of Clearfield City, Utah (the “City”), adopted a supplemental resolution (the “Supplemental Resolution”) in which it authorized the issuance of an additional principal amount of $3,500,000 of sales tax revenue bonds originally authorized by the Council by a previously adopted resolution on May 11, 2021 (the “Resolution”) wherein it authorized the issuance and sale of not to exceed $19,500,000 Sales Tax Revenue Bonds, Series 2021 for a total aggregate principal amount of not to exceed $23,000,000 Sales Tax Revenue Bonds, Series 2021 (collectively, the “Series 2021 Bonds”) (to be issued in one or more series and with such other series or title designation(s) as may be determined by the City), and called a public hearing to receive input from the public on the additional bonds authorized by the Supplemental Resolution.
TIME, PLACE, LOCATION AND PURPOSE OF PUBLIC HEARING

The City shall hold a public hearing on July 13, 2021, at the hour of 7:00 p.m. at 55 South State Street, Clearfield City, Utah. The purpose of the hearing is to receive input from the public with respect to (a) the issuance of the additional Series 2021 Bonds authorized by the Supplemental Resolution for the Project described herein and (b) any potential economic impact that the public infrastructure including roads, water, sewer and other improvements Project to be financed with the proceeds of the Series 2021 Bonds of the additional Series 2021 Bonds authorized by the Supplemental Resolution may have on the private sector. All members of the public are invited to attend and participate.
PURPOSE FOR ISSUING THE SERIES 2021 BONDS

The Series 2021 Bonds will be issued for the purpose of (a) financing public infrastructure improvements, including roads, water, sewer and other related improvements (the “Project”), (b) funding any debt service reserve funds, as desirable and (c) paying costs of issuance of the Series 2021 Bonds.
PARAMETERS OF THE SERIES 2021 BONDS

The City intends to issue the Series 2021 Bonds in the aggregate principal amount of not more than Twenty-Three Million Dollars ($23,00,000), to mature in not more than twenty-five (25) years from their date or dates, to be sold at a price not less than ninety-eight percent (98%) of the total principal amount thereof and bearing interest at a rate or rates not to exceed five and one-half percent (5.50%) per annum. The Series 2021 Bonds are to be issued and sold by the City pursuant to the Supplemental Resolution and a General Indenture of Trust and a Supplemental Indenture to be entered into in connection with the Series 2021 Bonds (together, the “Indenture”) which were before the Council in substantially final form at the time of the adoption of the Supplemental Resolution and said Supplemental Indenture is to be executed by the City in such form and with such changes thereto as shall be approved by the City; provided that the principal amount, interest rate or rates, maturity, and discount of the Series 2021 Bonds will not exceed the maximums set forth above. The City reserves the right to not issue the Series 2021 Bonds for any reason and at any time up to the issuance of the Series 2021 Bonds.
SALES AND USE TAXES PROPOSED TO BE PLEDGED
The City proposes to pledge 100% of the local sales and use tax revenues received by the Issuer pursuant to the Local Sales and Use Tax Act, Title 59, Chapter 12, Part 2 of the Utah Code for the payment of the Series 2021 Bonds (the “Revenues”).
OUTSTANDING BONDS SECURED BY PLEDGED TAXES
The City currently has $7,526,000 of parity bonds outstanding secured by the Revenues.
OTHER OUTSTANDING BONDS OF THE CITY
Additional information regarding the City’s outstanding bonds may be found in the City’s financial report (the “Financial Report”) at: http://secure.utah.gov/auditor-search/. For additional information, including any information more recent than as of the date of the Financial Report, please contact at Richard Knapp, Finance Director at (801) 525-2700.
TOTAL ESTIMATED COST OF BONDS
Based on the City’s current plan of finance and a current estimate of interest rates, the total principal and interest cost of the additional Series 2021 Bonds by the Supplemental Resolution, if held until maturity, is $3,915,376.48.
A copy of the Supplemental Resolution and the Indenture are on file in the office of the City Recorder 55 South State Street, Clearfield City, Utah, where they may be examined during regular business hours of the City Recorder from 8:00 a.m. to 5:00 p.m. Monday through Friday, for a period of at least thirty (30) days from and after the date of publication of this notice.
NOTICE IS FURTHER GIVEN that a period of thirty (30) days from and after the date of the publication of this notice is provided by law during which (i) any person in interest shall have the right to contest the legality of the Supplemental Resolution, the Indenture (only as it pertains to the additional Series 2021 Bonds authorized by the Supplemental Indenture), or any provision made for the security and payment of the additional Series 2021 Bonds authorized by the Supplemental Resolution, and that after such time, no one shall have any cause of action to contest the regularity, formality, or legality thereof for any cause whatsoever and (ii) registered voters within Clearfield City, Utah may sign a written petition requesting an election to authorize the issuance of the additional Series 2021 Bonds authorized by the Supplemental Resolution. If written petitions which have been signed by at least 20% of the registered voters of Clearfield City, Utah are filed with the City during said 30-day period, the City shall be required to hold an election to obtain voter authorization prior to the issuance of the additional Series 2021 Bonds authorized by the Supplemental Resolution. If fewer than 20% of the registered voters of Clearfield City, Utah file a written petition during said 30-day period, the City may proceed to issue the additional Series 2021 Bonds authorized by the Supplemental Resolution without an election.
DATED this June 8, 2021.
/s/ Nancy Dean
City Recorder