Payson City Council Minutes 2026-05-06
$5 Million Sewer Revenue Bonds Issuance Approved
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Description
The City Council authorized the issuance and sale of up to $5,000,000 in Sewer Revenue Bonds, Series 2026, with Brian Baker as bond agent. The bonds will fund completion of the sewer plant project, with repayment over 21 years.
Contract Details
Contract Amount
Not more than $5,000,000 (aggregate principal amount of bonds)
Vendor
BAKER, BRIAN
Agency
City of Payson, UT
Contract Type
FINANCIAL_SERVICES
Document Date
May 6, 2026
Contract Term
21 years
Renewal Date
2047-06-11
Renewal Info
Subject to refinancing or future bond issuance options as market allows
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