Orem Utah News with Mt Timpanogos outline
Orem News
Serving Orem, Utah (Utah County)Vol. 1, No. 8
Government

Utah County commissioners to hold Wednesday hearing on up to $30 million in bonds for a public works facility

PROVO - The Utah County commissioners will hold a public hearing Wednesday, Nov. 4, on issuing up to $30 million in sales tax revenue bonds for a new county public works facility, according to the commission's agenda posted Nov. 2. The meeting starts at 2 p.m. in Room 1400 of the county administration building, 100 E. Center St., Provo, and streams live on the Utah County Government YouTube channel. Public comment is limited to two minutes per person unless the board approves otherwise.

Later on the same agenda, the commissioners are set to consider a resolution authorizing a preliminary official statement, an official notice of bond sale and related documents for $30 million in Sales Tax Revenue Bonds, Series 2026. Commissioner Paul Jones is listed for both items.

The county's Oct. 12 notice says the bonds would pay for a new public works facility and related improvements, a debt service reserve and the costs of issuing them. They would mature in no more than 21 years, sell for at least 98% of their principal and carry interest of no more than 6.5%. The county would repay them from its county option sales and use tax revenue and other sales or excise taxes legally available. It has $420,000 in bonds outstanding backed by those revenues. The notice estimates total principal and interest at $37,561,157 if the bonds are held to maturity. The county reserves the right not to issue the bonds.

Neither the notice nor the agenda says where the facility would be built. The bonds are a county-level borrowing, so they are not specific to Orem.

The agenda also includes a consent item to set a Nov. 18 hearing at 2 p.m. on the county's 2027 budget. The next commission meetings are Nov. 18 and Dec. 2, both at 2 p.m.

Source: Utah County Board of Commissioners agenda, Nov. 4, 2026 and Utah County public notices, Notice of Public Hearing and Bonds to be Issued.

Drafted by AI from the linked public source. Approved by a Daily News Editor.

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