Davis County approves bond parameters for South Davis County Library project funding

The Davis County Commission held a regular meeting on May 27, 2025, addressing several key issues, including property sales, tax collection results, and funding for a new library project.

One of the primary discussions involved a letter to gauge interest from a property owner regarding the sale of a 10,398 square foot office building situated on 1.35 acres. The commission moved to approve this inquiry, indicating a proactive approach to managing county assets.

The meeting also covered the results of the recent delinquent real property tax sale, which took place on May 14, 2025. Out of 28 homes, 30 parcels of land, and 6 commercial properties listed, only 12 parcels of land were sold, with no homes or commercial properties changing hands. The commission accepted the results of the tax sale, commending the controller's office for their efforts in keeping the number of delinquent properties low.

Additionally, the commission discussed a resolution concerning the issuance of bonds for the South Davis County Library project. Financial advisor Jonathan Ward outlined parameters for the bond sale, which is set not to exceed $6.2 million over a maximum of 21 years. The bonds will be sold directly to investors, allowing for potentially more favorable terms. A public hearing is scheduled for June 17, 2025, to allow community input on the bond issuance.

The meeting concluded with acknowledgments of the library leadership's contributions and the financial planning that has been in place since 2017 to support the new library project without requiring additional tax increases. The commission's actions reflect a commitment to enhancing community resources while managing fiscal responsibilities effectively.