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Price City schedules public hearing on up to $14 million water and sewer revenue bonds
Summary
The Price City Council on Aug. 27 adopted a resolution calling a public hearing on a maximum $14,000,000 taxable water and sewer revenue bond package to fund replacement of aging mains; the resolution does not itself authorize borrowing.
The Price City Council on Aug. 27 adopted a resolution calling a public hearing on a potential bond issue of up to $14,000,000 to fund replacement of an aging water main installed in the 1930s. The council passed Resolution No. 2025-20 by motion after staff described the project need and the funding package from state drinking-water authorities.
Council members said the main has exceeded its useful life and the work is urgent. Eric Johnson, a city staff member, told the council the Utah Department of Environmental Quality Drinking Water Board has approved a funding package that includes subsidized terms; he said the resolution’s purpose is to set the required public- and court-hearing process under state law and…
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