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Hinckley council adopts resolution to authorize wastewater bonds; public hearing set for July 2
Summary
Hinckley adopted Resolution 26-06-04 to authorize Wastewater Revenue Bonds of up to $1.5 million to finance lagoon upgrades and system improvements; the town expects to issue about $961,000, with a public hearing on July 2 to receive input on economic impacts.
Hinckley’s Town Council on June 4 adopted Resolution 26-06-04 authorizing the issuance of Wastewater Revenue Bonds in an aggregate principal amount not to exceed $1,500,000 to fund upgrades to the town’s wastewater lagoons and other system improvements. Mayor Alan Miller read the resolution before the council voted to adopt it.
The resolution authorizes a maximum bond issuance of $1.5 million, though town officials said they anticipate issuing about $961,000. Estimated interest cost on that anticipated issue is $210,805, for an estimated total cost of $1,171,803. The State of Utah Water Quality Board has tentatively agreed to purchase the bonds at an interest rate not to exceed 2% per annum with a maturity of up to 35 years.
Council Member Ron Black moved to adopt the resolution; Council Member Skip Taylor seconded. The roll call vote recorded Skip Taylor, aye; Kristi Townsend, aye; Ron Black, aye; Mayor Alan Miller, aye; Council Member Chris Mork, absent. The motion carried and the resolution was adopted.
Under the resolution, the town will pledge wastewater revenues for repayment. Officials scheduled a public hearing on the proposed bond issuance and any potential private-sector impacts for July 2, 2026, at 7:00 PM in the Town Council Chambers. Notice will be published on the Utah Public Notice Website, the town website, and for two consecutive weeks in the Millard County Chronicle Progress.
The council’s action sets a framework — maximum amounts, interest ceiling, maximum maturity, and contest period — but does not finalize the exact sale terms. The council said there are currently no outstanding bonds secured by wastewater revenues for Hinckley. The next procedural step is the July 2 public hearing, where residents may comment on the project and its potential economic impacts.
