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Council hears public questions on Series 2025 bond to finance water tank; city says impact fees will repay debt
Summary
At a public hearing, residents asked where a new water tank and developer‑drilled well would be located and whether the project is paid for by taxpayers. City staff said the tank will be bid and built next summer, the well will be drilled by the developer, and the Series 2025 bond will be repaid from developer impact fees.
Grantsville — Council held a public hearing Dec. 18 on the proposed issuance of a Series 2025 bond to finance a water tank and related infrastructure.
Resident Robert Durfee asked for the tank’s location and whether it would be above or underground; city staff said the tank site is up on the hill west of North Star, by the irrigation company, and that the structure will be partially above ground. Staff said the tank will go out to bid and is scheduled for construction next summer, and the developer will drill the new well to supply it.
Several speakers asked who would pay for the tank. Derek Dalton told the council that Grantsville taxpayers should not bear the burden for a tank installed by the North Star Ranch development. City staff and the mayor responded that the Series 2025 bond is structured to be repaid with impact fees collected from the development; staff reiterated that impact fees rather than the current taxpayer base will fund the repayment.
The hearing was closed after public comment and council moved on to the regular agenda.
Next steps: staff will put the tank project out to bid; construction and the developer‑drilled well are proposed to follow, and funding will be managed through the Series 2025 bond with repayment from impact fees.
