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Home My WebLink About08 25 2023 Ord. 862State of Idaho County of Bannock PROOF OF PUBLICATION Idaho State Journal I, Collins Crapo first being duly sworn, depose and say: That I am the Eia"i€red ft rragorr� Processing Clerk employed by Adams Publishing Group of the Rockies LLC, publishers of Idaho State Journal, a newspaper of general circulation, published 4 days, Tues -Wed -Friday and Satur- day, at Pocatello, Idaho. That the notice, of which a copy is hereto attached and made a part of this affidavit, was pub- lished in said Idaho State Journal and on IdahoPublir-Notices.com for 1 day(s), first publication having been made on 08/25/2023 last publication having been made on 0812512023, and that the said notice was published in the regular and entire issue of said paper on the respective dates of publication, and that such notice was published in the newspaper and not in a supplement en. '019" //O/_� Subscribed and sworn to before me, on this 25th day of August, 2023 Notary Public i UWEEF: 2T_22624 My commission expires: ;, �i�, RAS 5-311-2o28 attached jurat STATE OF IDAHO MR COUNTY OF BANNOCK On this 25th day of August, 2023 before me, the undersigned, a Notary public for said state, person- ally appeared r Collins Crapo, known or identified to me to be the person(s) whose name(s) is/are subscribed to the within instrument, and being by me first duly sworn, declared that the statements therein are true, and acknowledged to me that he/she/they executed the same, IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the day and year in this c t _ve written. k _ VERAJ P. _,ir; NOT,A,?Y PUSUC - 8- ':F 10A -1-f0 CD,�ltri,5„JN t'I.?;Ft;l; ='072252.1 MYCO�fni�55ii?i! LK}�ii{�S 5-3i-''C�2$ Notary Public for APG of the Rockies Residing: Idaho Falls, Idaho Commission expires: 413082 AD# 413082AD# ORDINANCE NO. 862 AN ORDINANCE OF THE CITY OF CHUBBUCK, IDAHO, AUTHORIZING AND PROVIDING FOR THE ISSUANCE OF A WATER REVENUE BOND, SERIES 2023, IN A PRINCIPAL AMOUNT NOT TO EXCEED $9,223,000.00, FOR THE PUR- POSE OF FINANCING THE ACQUISITION, CONSTRUC- TION AND INSTALLATION OF IMPROVEMENTS TO THE DOMESTIC DRINKING WATER SYSTEM OF THE CITY OF CHUBBUCK, BANNOCK COUNTY, IDAHO; DESCRIBING THE BOND; PROVIDING FOR THE COLLECTION AND DIS- POSITION OF REVENUES; PROVIDING FOR THE PAYMENT OFTHE PRINCIPAL OFAND INTEREST ON THE BOND; ES- TABLISHING FUNDS AND ACCOUNTS; PROVIDING COV- ENANTS RELATING TO THE BOND; PROVIDING FOR THE SALE OF THE BOND TO THE IDAHO DEPARTMENT OF EN- VIRONMENTAL QUALITY; PROVIDING, FOR RELATED MAT- TERS; ATTERS; AND PROVIDING AN EFFECTIVE DATE A summary of the principal provisions of Ordinance No. 862 of the City of Chubbuck, Bannock County, Idaho, adopted on August 16, 2023, is as follows: Section 1: Defines the terms and phrases used in the Or- dinance. Section 2: Describes the domestic water improvement proj- ect to be constructed with the proceeds of the Bond authorized by the Ordinance, and states that an amount not to exceed $9,223,000 of the cost thereof is to be paid from the sale of the Bond of the City described in Section 3. Section 3: Describes the City of Chubbuck Water Revenue Bond, Series 2023 (the "Bond"), and provides for the terms of payment and the maturity of the Bond. Section 4: Provides for the manner and method of execution at the Bond. Section 5: Provides for the place and manner of payment of the Bond. Section 6: Appoints the City Treasurer as Bond Registrar. Section 7: Provides for the prepayment of the Bond. Section 8: Provides for water rates and charges. Section 2 Pledges the Net Revenues of the domestic water System for the payment of the Bond. Section 10: Establishes the City of Chubbuck Water Project Capital Improvement Fund. Section 11: Establishes the Water Revenue Fund. Section 12: Establishes the Water Revenue Bond Fund. Section 13: Establishes the Debt Service Reserve Fund. Section 14: Provides for the disposition of surplus funds. Section 15- Establishes the conditions of and limitations on the issuance of additional bonds or other obligations. Section 16: Provides for the investment of surplus funds. Section 17 Provides certain general covenants of the City with the Registered Owner of the Bond. Section 18; Provides certain special covenants of the City with respect to the exclusion of interest on the Bond from in- come taxation. Section 18: Provides for method of amending the Ordinance and adopting supplemental ordinances. Section 201 Recites that the Bond are issued pursuant to the Idaho Revenue Bond Act. Section 21: Provides for remedies of the Registered Owner of the Bnnd. Section 22: States that the Ordinance constitutes a contract with the Registered Owner of the Bond. Section 23: Provides for severability. Section 24: Repeals prior inconsistent ordinances, to the ex- tent of any inconsistency. Section 25: Authorizes the Mayor, City Clerk, and City Trea- surer to execute any additional documents necessary to sell and deliver the Bond. Section 26: Provides for the publication of the Ordinance or a summary thereof and the effective date of the Ordinance. The full text of Ordinance No. 862 is available at City Hall and will be provided to any citizen upon personal request during normal office hours. DATED this 16th day of August, 2023. CITY OF CHUBBUCK Bannock County, Idaho Isl Kevin B. England Mayor ATTEST:/s/ Joey Bowers City Clerk CERTIFICATION OF ATTORNEY I, the undersigned attorney at law, duly licensed in the State of Idaho and serving as special bond counsel to the City of Chubbuck, Idaho, hereby certify that I have read the attached Summary of Ordinance No. 862 of the City of Chubbuck and that the same is true and complete and provides adequate notice to the public of the contents of said Ordinance. Dated as of the 16th day of August, 2023. Isl Stephanie J. Bonney Attorney at Law Published: August 25th, 2023 (ISJ848-413082)