Holladay council appoints Brewer to mosquito district board and raises maximum bond coupon to 5%

Decisions at a glance

Agenda, item by item

1. Item IV · Appointment

   Resolution 2022-14: Appoint Ty Brewer to the South Salt Lake Valley Mosquito Abatement District board

   Approved · 6-0

   Appointment for a term not to exceed four years. Brewer voted aye on his own appointment; the minutes record no disclosure.

   Moved by Council Member Paul Fotheringham, seconded by Council Member Matt Durham. Vote: 6-0; unanimous

2. Item V · Budget

   Resolution 2022-15: Modify sales tax revenue bond parameters

   Approved · 6-0

   The maximum coupon was raised from 4.5% to 5%. Construction proceeds would be $18 million either way, with a true interest cost of 3.65% at a 4% coupon and 3.57% at a 5% coupon, and debt service of about $1.51 million at 4% and $1.497 million at 5%. Pricing was targeted for June 1 or 2 after a rating on May 23 or 24.

   • Bond$18.0 million Construction proceeds from Series 2022 sales tax revenue bonds. Paid from Sales tax revenue

   Moved by Council Member Paul Fotheringham, seconded by Council Member Drew Quinn. Vote: 6-0; unanimous

   Follow Series 2022 sales tax revenue bonds in the development tracker →

3. Item VIII · Other

   Work meeting: school district population analysis and tentative budgets

   Discussed

   Granite School District presented enrollment declines, possible elementary consolidations and a Skyline, Olympus and Cottonwood high school study, with a recommendation due June 14. On the tentative 2022-23 budget, items included $300,000 for a bond-funded carpet, paint and furniture refresh, about $50,000 per Highland Drive island for xeriscaping, a $20,000 sidewalk 50/50 program and about $10 million for 12 stormwater projects. No votes were taken.

What residents said

Skate park noiseTraffic on 2000 East

A library representative announced a 50th anniversary party, a summer reading kickoff and a blood drive.