FINANCIAL_SERVICESAPPROVED

Hinckley Town Resolution Authorizing Issuance of Wastewater Revenue Bonds 2026-06-04

Hinckley Town Sells $961K Wastewater Revenue Bond to State Board

$961,000 (principal)Town of HinckleySTATE OF UTAH DEPARTMENT OF ENVIRONMENTAL QUALITY WATER QUALITY BOARDJune 4, 2026

Trusted by teams at

Description

Hinckley Town approved issuance and sale of its $961,000 Wastewater Revenue Bond, Series 2026, to the State of Utah Water Quality Board for funding wastewater system and lagoon improvements. The bond has a 1.33% interest rate with a maturity schedule from 2027 to 2058 and is secured by system revenues.

Contract Details

Contract Amount

$961,000 (principal)

Vendor

STATE OF UTAH DEPARTMENT OF ENVIRONMENTAL QUALITY WATER QUALITY BOARD

Agency

Town of Hinckley, UT

Contract Type

FINANCIAL_SERVICES

Document Date

June 4, 2026

Contract Term

March 1, 2027 – March 1, 2058 (first interest-only payments in 2027 and 2028; principal and interest payments 2029–2058)

Renewal Date

2058-03-01

Renewal Info

Prepayment permitted at any time without premium; early payment applies to principal in inverse order of maturity. Payments due annually, March 1 each year, through 2058. If not paid when due, interest accrues at 18% per annum on overdue amount.

More from STATE OF UTAH DEPARTMENT OF ENVIRONMENTAL QUALITY WATER QUALITY BOARD