Davis County Agenda Notice of Regular Meeting of the Board of Davis County Commissioners 2026-06-02
$10 Million Industrial Development Bonds for Kihomac, Inc.
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Description
The Davis County Commissioners approved a resolution to finance up to $10,000,000 in Industrial Development Revenue Bonds for Kihomac, Inc. This supports construction of a manufacturing facility through a conduit loan agreement involving Kansas City Financial Corporation. The bonds, starting June 1, 2026, have a ten-year term and are repayable solely from project revenues.
Contract Details
Contract Amount
Up to $10,000,000.00
Vendor
KIHOMAC INC
Agency
Davis County, UT
Contract Type
FINANCIAL_SERVICES
Document Date
June 2, 2026
Contract Term
Ten-Year Term, beginning 06/01/2026
Renewal Date
2036-06-01
Renewal Info
Ten-year term per bond issuance; no auto-renewals or extensions noted.
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