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NOTICE OF HEARING ON PROPOSAL OF THE BOARD OF SUPERVISORS OF YUMA COUNTY, ARIZONA, TO INCUR A LONG-TERM OBLIGATION NOT SECURED BY THE FULL FAITH AND CREDIT OF SUCH COUNTY

Post Date:07/03/2018 10:15 AM

Yuma County Seal-PANTONE color

The Yuma County Board of Supervisors will hold a public hearing on July 23, 2018, at 9:00 a.m., Arizona time, in the Board of Supervisors Auditorium at 198 South Main Street, Yuma, Arizona.  Such hearing is a requirement if Yuma County is to enter into a purchase agreement (the “Agreement”) to be secured by a pledge of the revenues from excise taxes that Yuma County now or hereafter levies, except for any taxes hereafter levied for an inconsistent purpose.  The total estimated financing cost will be $6,414,068, consisting of an estimated principal amount of not to exceed $5,309,000 and total estimated interest of $1,105,068.

Yuma County proposes to pay the costs to acquire, replace and/or upgrade fire alarm systems and surveillance cameras, specialized equipment and software integration upgrades for, in and at buildings located in the County and to renovate and make additions to such buildings, including environmental remediation, with the proceeds of the financing.  (More detail about the foregoing will be provided in an analysis provided at the public hearing.)

Oral comments will be received at the public hearing.  Persons who wish to comment but are unable to attend the public hearing may, before August 20, 2018, at 8:00 a.m., (1) forward written comments to Susan Thorpe, Clerk of the Yuma County Board of Supervisors, 198 South Main Street, Yuma, Arizona 85364; or (2) utilize the PUBLIC NOTICE LINK on the Yuma County website.

For more information, contact Gilberto Villegas at (928) 373-1012.

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