NOTICE OF NOTES TO BE ISSUED
WEBER-BOX ELDER CONSERVATION DISTRICT
NOTICE IS HEREBY GIVEN pursuant to the provisions of the Utah Local Government Bonding Act, Title 11, Chapter 14, Utah Code Annotated 1953, as amended, the Board of Trustees (the 'Governing Body') of the Weber-Box Elder Conservation District, Utah (the 'Issuer'), desires to declare its intention to issue Tax Anticipation Notes, Series 2016 (the 'Notes') in an aggregate principal amount not to exceed One Million and Six Hundred Thousand Dollars ($1,600,000), to bear interest at a rate or rates not to exceed 0.75% per annum, to mature by the end of the current fiscal year, and to be sold at a price not less than ninety-nine percent (99%) of the total principal amount thereof. Real property taxes and water revenues will be pledged to secure the Notes. The estimated total cost to the Issuer for the proposed Note if the Note is held until maturity is $1,606,170. The total par amount of bonds and notes currently outstanding that are secured by the same pledge of the Issuer's taxes and water revenues as the proposed Note is not more than $5,705,100.
The Notes will be issued pursuant to a Final Note Resolution adopted authorizing and confirming the sale of the Notes (the 'Final Note Resolution') for the purposes of meeting the current and necessary expenses of the Issuer and for any other purpose for which funds of the Issuer may be legally expended during the fiscal year beginning January 1, 2016 including costs of issuing the Notes.
Copies of the minutes of the Governing Body of its public proceedings declaring its intention to issue the Notes and of the Final Note Resolution are on file in the office of the District Secretary of the Issuer in Ogden, Utah, where they may be examined during regular business hours, i.e., between 8:00 a.m. and 5:00 p.m., Monday through Friday, for at least thirty (30) days from and after the date of publication of this notice.
NOTICE IS FURTHER GIVEN that, for a period of thirty (30) days from and after the date of the publication of this notice, any person in interest shall have the right to contest the legality of the public proceedings, of the Final Note Resolution, or the Notes, or any provision made for the security and payment of the Notes by filing a verified written complaint in the district court of their county of residence, and that after such 30-day period, other than referendum rights no one shall have any cause of action to contest the regularity, formality or legality thereof for any reason.
DATED: May 25, 2016. /s/ ¬¬¬¬¬¬¬¬¬¬ Tamera Martinson
District Secretary
