NOTICE OF PUBLIC HEARING

Loan Authorization
February 9, 2012
Dear Water User;
The Hanna Water and Sewer Improvement District, Duchesne County, Utah (the “District”) has applied to the Utah Drinking Water Board (the “Drinking Water Board”) for a loan to be used to construct water system improvements, including developing the Annie Mae spring and water transmission lines, etc. Security for the loan would be provided though the sale of a “nonvoted” taxable water revenue bond bearing no interest to the Drinking Water Board. The bonds will be issued in a Repayable Principal Amount not to exceed $1,100,000, to bear no interest, to be repaid in 30 annual payments. The bond will also include a Debt Forgiveness Amount, equivalent to a grant, not to exceed $1,100,000, which the District will not be required to repay.
Payments shall be made from the net revenues of the District’s water system. The District proposes to increase water rates for all users, both standby and operating connections, by the amount of $6.00 per user effective April 1, 2012. This will increase the standby fee from $25 to $31 per month and the base user fee for $8,000 gallons from
$45 to $51 per month. The District further proposes to increase water rates for all users, both standby and operating connections, by the additional amount of $7.00 per user effective April 1, 2013. This will increase the standby fee to $38 per month and the base user fee for
8,000 gallons to $58 per month.
In this regard, the District invites comments on the water project and rate increase (either favorable or negative). The District will hold a public hearing on February 22, 2012, at 6:00 p.m. or as soon thereafter as feasible at 38152 West 3900 North, Tabiona, Utah. The District will receive both written and oral comments at that time. Your comments
will be considered and if there is significant opposition to the proposed project, the Drinking Water Board may require a bond election to obtain the Board’s funds.
Thank you for your consideration in this matter.
HANNA WATER AND SEWER IMPROVEMENT DISTRICT
Published in the Uintah Basin Standard February 14 & 21, 2012


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