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Sunday, November 8, 2026

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Wellington · City Council

Wellington to hold Nov. 10 hearing on up to $750,000 in lease revenue bonds for a fire bay and a proposed sale of four city properties

November 10, 2026, 6:00 p.m. · Council Chambers, 102 N 100 W

Wellington's Municipal Building Authority will hold a public hearing at 6 p.m. Nov. 10 on issuing lease revenue bonds of up to $750,000 at no more than 1 percent interest, maturing in no more than 35 years, to finance a fire bay and related improvements; repayment at the maximum would total about $871,600. The city has a $250,000 grant commitment from the state Community Impact Fund Board that does not have to be repaid, and no taxes are pledged. At the same meeting the city council will take comment on a proposal to sell four significant real properties, with written comments accepted before the Nov. 5 meeting.

From the agenda; results are added when minutes are posted. Updated November 3, 2026.

In brief

2 items came up for a decision or discussion: 2 pending.

The agenda records 2 dollar amounts, the largest $750,000.

1 item here is tracked in the city's development tracker.

This write-up links 2 source documents.

Decisions at a glance

ItemResult
Public hearing on lease revenue bonds for a fire bayPending
Proposed sale of four significant city propertiesPending

Agenda, item by item

  1. Public hearing

    Public hearing on lease revenue bonds for a fire bay

    Pending · Wellington fire bay

    The Municipal Building Authority intends to issue lease revenue bonds of up to $750,000 at a rate not above 1.00 percent for up to 35 years, sold at no less than 99 percent of principal. The security is the fire bay and related improvements to be acquired. At the maximum, the amount repaid would be about $871,600. A $250,000 Community Impact Fund Board grant covers part of the project and no taxes are pledged. The hearing takes input on the bonds and the economic effect on the private sector, and residents have 30 days to contest the legality of the bond resolutions.

    • Bond$750,000 Lease revenue bonds to finance a fire bay and related improvements (maximum). Paid from Lease revenue; $250,000 state Community Impact Fund Board grant also committed
    • Grant$250,000 Fire bay project. Paid from Utah Community Impact Fund Board
    • Maximum rate: 1.00%
    • Maximum term: 35 years
    • Maximum total repayment: about $871,600

    Follow Fire bay lease revenue bonds in the development tracker →

  2. Other

    Proposed sale of four significant city properties

    Pending · Parcels 1B-147-3, -5, -6, -7

    The council gave notice of its proposal to sell or dispose of four parcels (1B-147-3, 1B-147-5, 1B-147-6 and 1B-147-7). Written comments are accepted until the Nov. 5 council meeting and oral comments at the Nov. 10 meeting, after which the council will decide.

    • Land dealAmount not given Proposed sale of four city parcels. Public comment period
    • Written comments before Nov. 5; oral comments Nov. 10
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