Agenda Item Title
Title
IHC Health Services, Inc. Public Hearing: Conducting a public hearing with respect to the proposed issuance by Utah County, Utah (the “Issuer”) of its hospital revenue bonds (the “Bonds”) in one or more series and in an aggregate principal amount not to exceed $130,000,000 with respect to certain health care facilities of IHC Health Services, Inc. located in Sandy City, Utah, for the purpose of financing, refinancing or providing reimbursement for the acquisition, improvement and equipping of such health care facilities and considering for adoption a resolution approving the issuance of the Bonds for purposes of Section 147(f) of the Internal Revenue Code of 1986, as amended. Interlocal Agreement: Considering for adoption a resolution authorizing the execution and delivery by Sandy City, Utah (the “City”) of an Interlocal Cooperation Agreement, which will authorize the Issuer to issue a portion of the Bonds on behalf of the City and certain other public agencies located in the State of Utah.
Body
Presenter
Presenter
Dustin Matsumori
Body
Description/Background:
Dustin Matsumori will provide a verbal overview of this item and be available to answer questions at the public hearing.
Recommended Action and/or Suggested Motion:
Recommendation
Motion to:
1. Adopt Resolution approving and authorizing the execution of the Interlocal Cooperation Agreement dated as of October 1, 2012, as supplemented and amended among Utah County, Utah, Cache County, Utah, Davis County, Utah, Murray City, Utah, Riverton City, Utah, Sandy City, Utah, Salt Lake County, Utah, Sevier County, Utah, Summit County, Utah, Wasatch County, Utah, Washington County, Utah and Weber County, Utah; and related matters, and
2. Adopt Resolution approving the proposed issuance by Utah County, Utah of its hospital revenue bonds in one or more series, in an aggregate principal amount not to exceed $130,000,000 with respect to facilities in Sandy City, Utah.