Commercial Place Mural Update — September 17, 2026

 

Public Hearing: Bonds to be Issued - Payson City Sales Tax Revenue Bonds Series 2026

Payson City Council

Notice Date & Time: 10/7/26 6:00 PM

Description/Agenda:

                     

                   NOTICE OF PUBLIC HEARING AND BONDS TO BE ISSUED

NOTICE IS HEREBY GIVEN pursuant to the provisions of the Local Government Bonding Act, Title 11, Chapter 14, Utah Code Annotated 1953, as amended (the 'Act'), that on September 16, 2026, the City Council (the 'Council') of Payson City, Utah (the 'Issuer'), adopted a resolution (the 'Resolution') authorizing the issuance of the Issuer's Sales Tax Revenue Bonds, Series 2026 (the 'Series 2026 Bonds'), to be issued in one or more series and with such other series or title designation(s) as may be determined by the Issuer and called a public hearing to receive input from the public with respect to  the issuance of the Series 2026 Bonds.

PURPOSE, TIME, PLACE AND LOCATION OF PUBLIC HEARING

The Issuer shall hold a public hearing on October 7, 2026, at the hour of 6:00 p.m. at 439 West, Utah Avenue, Payson, Utah. The purpose of the hearing is to receive input from the public with respect to (a) the issuance of the Series 2026 Bonds and (b) any potential economic impact that the project to be financed with the proceeds of the Series 2026 Bonds may have on the private sector.  All members of the public are invited to attend and participate.  

PURPOSE FOR ISSUING THE SERIES 2026 BONDS

The Series 2026 Bonds will be issued for the purpose of (a) financing all or a portion of the construction of a fire station and all related improvements (the 'Series 2026 Project'), (b) funding a deposit to a debt service reserve fund, if necessary, and (c) paying costs of issuance of the Series 2026 Bonds.

PARAMETERS OF THE SERIES 2026 BONDS

The Issuer intends to issue the Series 2026 Bonds in the aggregate principal amount of not more than Six Million, Four Hundred Thousand Dollars ($6,400,000), to mature in not more than twenty (20) years from their date or dates, to be sold at a price of not less than ninety-seven percent (97%) of the total principal amount thereof, and to bear interest at a rate or rates not to exceed six percent (6.00%) per annum.  The Series 2026 Bonds are to be issued and sold by the Issuer pursuant to the Resolution, including as part of said Resolution a General Indenture of Trust, as previously supplemented and as further supplemented by a Supplemental Indenture of Trust (together, the 'Indenture'), which will be before the City Council in substantially final form at the time of the adoption of the Resolution.

REVENUES PROPOSED TO BE PLEDGED

The Issuer proposes to pledge toward the payment of the Series 2026 Bonds all or any portion of revenues produced by the local sales and use taxes received by the Issuer.

OUTSTANDING BONDS SECURED BY REVENUES

The Issuer currently has $0 of outstanding bonds secured by the revenues.

OTHER OUTSTANDING BONDS OF THE ISSUER

Information regarding all of the Issuer's outstanding bonds may be found in the Issuer's audited financial report (the 'Financial Report') at: https://reporting.auditor.utah.gov/searchreports/s/.  For additional information more recent than as of the date of the Financial Report please contact the City Manager at (801) 465-5200.

TOTAL ESTIMATED COST

Based on an estimate of the current interest rate and financing plan, the estimated total debt service cost of the Series 2026 Bonds, if held until maturity is $10,135,700. 

A copy of the Resolution and the Indenture will be on file in the office of the City Recorder, 439 West, Utah Avenue, Payson, Utah, where they may be examined during regular business hours of the City Recorder from 7:30 a.m. to 6:00 p.m., Monday through Thursday, for a period of at least thirty (30) days from and after the date of the posting of this notice.

NOTICE IS FURTHER GIVEN that a period of thirty (30) days from and after the date of the posting of this notice is provided by law during which any person in interest shall have the right to contest the legality of the Resolution, the Indenture (but only as it relates to the Series 2026 Bonds), or any provision made for the security and payment of the Series 2026 Bonds, and that after such time, no one shall have any cause of action to contest the regularity, formality, or legality thereof for any cause whatsoever. 

DATED this September 17, 2026. 

/s/ Amalie R. Ottley

City Recorder

Notice of Special Accommodations:

In accordance with the Americans with Disabilities Act, Payson City will make reasonable accommodations to participate in the meeting. Requests for assistance can be made by calling 465-5205 at least 48 hours in advance of the meeting to be attended.

Notice of Electronic or telephone participation:

Some Councilmembers may attend by Electronic Device.

Other information:

The order of agenda items may change to accommodate the needs of the City Council, staff, and/or public. A Closed Session may be called to order pursuant to Utah State Code 54-4-204 and 54-4-205.

Location:

439 W Utah Ave, Payson, 84651

Contact information:

Amalie Ottley , amalieo@paysonutah.gov

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In This Week’s Edition of The Payson Chronicle

 

Mourning the Passing of Our Friend

                       DAVID L. WOLTERS

David “Dave” Wolters, beloved husband, father, grandfather, and great-grandfather, passed away on December 18th, 2025 at his home in Payson, Utah, with his devoted and loving wife, Antonia “Toni” Wolters, by his side.

Dave was born on February 17th, 1945 in Salt Lake City, Utah, into a loving family with three sisters and four brothers. Family was always an important part of Dave’s life, and the bonds he shared with those closest to him remained special throughout his life.

Dave was a hardworking and dedicated man who took great pride in his work and his strong work ethic. He spent many years working at C.B.I. Structural in Salt Lake City before continuing his career at Rayloc in Payson, Utah, where he eventually retired. Throughout his working years, Dave was known as a dependable man who was always willing to work hard and help others.

Dave proudly served his country in the United States Marine Corps. He had a deep love for the outdoors and enjoyed hunting, fishing, and riding his Harley with his wife. In his latter years, some of his happiest times were spent with Toni enjoying their property in Fremont (Wayne County) surrounded by their beloved dogs and the beauty and peace of the outdoors.

Dave was also a talented artist who enjoyed expressing his creativity. Most of all, he treasured his family and the time he spent with them. He was a kind and considerate man who was always willing to lend a helping hand. To the kids in his life, he was the one who would happily put the worm on the hook (no matter how old or young they were) and help them enjoy the experience of fishing.

Dave’s quick wit, humor, and unforgettable one-liners brought laughter to those around him and will be deeply missed by all who knew and loved him.

Dave is survived by his loving wife, Antonia “Toni” Wolters; his two children Kelly Walker, David Wolters; four grandchildren; four great-grandchildren; and one great-great-grandchild.

Dave leaves behind a lifetime of memories, a family who loved him dearly, and a legacy of hard work, kindness, humor, and creativity. He will be deeply missed and forever remembered by all who had the privilege of knowing and loving him.

A Celebration of Life honoring David L. Wolters will be held on Saturday, September 19, 2026, from 1:00 PM to 3:00 PM at Payson City Park, 300 South Main Street, Payson, Utah, at the Northwest Pavilion.

We invite all those who knew and loved Dave to come by during this time to share memories, laughter, and stories as we remember and celebrate his life.

PARC Tax Public Hearing

 

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