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Council holds public hearing on $3.5M sales-and-franchise tax bond package for police station and city hall
Summary
Harrisville held the required public hearing after adopting a parameters resolution in April to issue $3.5 million in sales-and-franchise tax revenue bonds to complete financing for a new police station and city hall. Staff said the issue would not raise taxes and that current market rates are under 5% in negotiations with Bank of Utah.
Harrisville — The City Council held a public hearing on a proposed $3.5 million sales-and-franchise tax revenue bond package intended to complete financing for a combined police-department and city-hall project at the new City Road 1750 North site.
Jenny, a city staff member, briefed the council by noting that the council had adopted a parameters resolution in April authorizing the issuance of $3,500,000 in sales-and-franchise tax bonds. The public hearing provided an…
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