Kaysville sets a $6.5 million ceiling for operations-center bonds backed by sales and other taxes

Kaysville's City Council has authorized the sale of up to $6.5 million in sales tax revenue bonds to renovate and expand the building that houses its Public Works, Power and Parks operations. Final terms have not been set. ^[1][2]

The council approved the parameters resolution 4–0 on Sept. 17, 2026, on a motion by Council Member Abbigayle Hunt seconded by Council Member Joshua McBride. Council members McBride, John Swan Adams, Hunt and Mike Blackham voted yes; Council Member Nate Jackson was absent. ^[1]

The limits

The city's notice says the Series 2026 bonds may not exceed $6,500,000, mature more than 21 years after issuance, carry interest above 6.00% or sell for less than 98% of principal. They may also fund a debt service reserve if needed and pay issuance costs. ^[2]

The notice estimates total debt service of $9,166,725 if the bonds are held to maturity, based on "an estimate of the current interest rate and financing plan." ^[2]

A public hearing on the bonds and their potential economic impact on the private sector is scheduled for Nov. 5, 2026, at 7 p.m., at 23 East Center Street. ^[2]

What the money would pay for

Christensen said the roughly 34-year-old facility no longer meets current needs. The project was scaled back from an earlier concept estimated at about $39 million to a current estimate of about $6.4 million, he said. It would renovate and expand the building, add covered vehicle and equipment storage and bring the fuel island into compliance. ^[1]

Asked during public comment why the cost rose from about $5.4 million discussed in November 2025, Parks and Recreation Director Cole Stephens said that figure mainly covered construction. It did not include design, construction documents, permits, furniture, fixtures and equipment. Christensen said the scope had not materially changed. ^[1]

Stephens said the city targets a construction bid in February or March 2027, with construction lasting 12 to 18 months. ^[1]

Repayment and security

Christensen said the bonds would be repaid from utility revenues, not property taxes. He cited previously adopted average monthly increases of about $1.63 for water, $0.31 for electric and $2.40 for stormwater, and said those increases support citywide utility infrastructure, not solely this project. ^[1]

The bonds' legal security is broader. The notice says the city proposes to pledge all or a portion of its local sales and use tax revenues, municipal energy sales and use tax revenues and telecommunications franchise tax revenues. ^[2]

Bond counsel Garrett Gross of Gilmore Bell said the resolution sets maximum parameters, not final terms, and the city is not obligated to issue the full amount. He said the sales tax pledge is expected to support a stronger credit rating. ^[1]