NOTICE OF BONDS
TO BE ISSUED
NOTICE IS HEREBY GIVEN pursuant to the provisions of Section 11-27-4, Utah Code Annotated 1953, as amended, that on January 17, 2012, the Board of Education of Davis School District, Utah (the “Board”), adopted a resolution (the “Resolution”) in which it authorized and approved the issuance of its General Obligation School Building Bonds (Utah School Bond Guaranty Program), Series 2012A (the “Series 2012A Bonds”) and General Obligation Refunding Bonds (Utah School Bond Guaranty Program), Series 2012B (the “Series 2012B Bonds” and, collectively with the Series 2012A Bonds, the “Bonds”), in the aggregate principal amount of not to exceed $36,500,000, for the Series 2012A Bonds, and $15,000,000, for the Series 2012B Bonds, to bear interest at a rate or rates of not to exceed 5.25% per annum, to mature over a period not to exceed 21 years from their date or dates and to be sold at a discount from par, expressed as a percentage of the principal amount, of not to exceed 3.00%.
Pursuant to the Resolution, the Bonds are to be issued for the purpose of (a) defraying all or a portion of the costs of new school construction, land acquisition, equipment acquisition, and renovation and improvement of existing school facilities, and for payment of expenses reasonably incurred in connection with the acquisition and construction of said improvements, (b) the refunding of certain of the Boards outstanding general obligation bonds and (c) paying costs related to the issuance and sale of the Bonds and refunding of the bonds to be refunded. The Bonds are to be issued and sold by the Board pursuant to the Resolution and the terms of the Certificate of Determination of the designated officer of the Board, the form of which is attached to the Resolution; provided that the principal amount, interest rate or rates, maturity and discount, if any, will not exceed the respective maximums described above.
A copy of the Resolution (including the form of the Certificate of Determination) is on file in the office of the Business Administrator of Davis School District at 45 East State Street, in Farmington, Utah, where the Resolution may be examined during regular business hours of the Business Administrator from 8:00 a.m. to 5:00 p.m. The Resolution shall be so available for inspection for a period of at least thirty (30) days from and after the date of the publication of this notice.
NOTICE IS FURTHER GIVEN that pursuant to law for a period of thirty (30) days from and after the date of the publication of this notice, any person in interest shall have the right to contest the legality of the above-described Resolution (including the Certificate of Determination) of the Board or the Bonds authorized thereby or any provisions made for the security and payment of the Bonds. After such time, no one shall have any cause of action to contest the regularity, formality or legality of the Resolution, the Bonds or the provisions for their security or payment for any cause.
DATED this 17th day of January, 2012.
BOARD OF EDUCATION OF DAVIS SCHOOL DISTRICT, UTAH
By /s/ Craig Carter