City of South Salt Lake

Events

Bond Public Hearing - Water Bond

Date:

Wednesday Aug. 24, 7:00 PM - Wednesday Aug. 24, 8:00 AM

Location:

City Council Chambers

Address:

City Hall
220 East Morris Ave
South Salt Lake, UT

NOTICE OF PUBLIC HEARING
City of South Salt Lake and Division of Board of Water Resources
Notice is hereby given that a public hearing will be held before the City of South Salt Lake Council on Wednesday, August 24, 2022, starting at 7:00 p.m. in the City of South Salt Lake Council Chambers located at 220 East Morris Avenue, Second Floor, South Salt Lake, Utah. Time will be allowed for public comment both for and against the following item:
Application to the State of Utah Board of Water Resources (the “Board”) for the purchase of approximately $10,000,000 City of South Salt Lake, non-voted water revenue bonds. The bonds would be paid back with interest at a rate of 1% over a period of approximately 30 years. The City’s tentative budget includes a $1 per billing tier increase to water rates to accommodate the issuance of the bonds, which rate increase is anticipated to effective for services provided beginning July 1, 2022. The funding is contemplated for the construction of improvements to the City’s water system, including the development of a new well, pump station and treatment plant and the replacement of pipes and all related improvements.
It is the policy of the Board to provide a 15-day period for public comment prior to the purchase of any non-voted revenue bonds. In this regard, the Board wishes to solicit the comments of the water users (either for or against the project). Interested individuals are encouraged to respond before August 24, 2022. Verbal comments may also be made during the hearing. Written comments should be addressed either to the City of South Salt Lake City Council or the Board of Water Resources:
City of South Salt Lake
Attn: City Council
220 East Morris Avenue, Suite 200
South Salt Lake City, UT 84115
Board of Water Resources
P.O. Box 146201
Salt Lake City, UT 84114-6201
Please call City of South Salt Lake at (801) 483-6000 for special accommodations for individuals with disabilities

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