Public Utilities campus bonds and notes
Up to $50 million in bond anticipation notes (Series 2025B) to buy and improve a Public Utilities campus and up to $50 million in refunding bonds (Series 2025C) to refund Series 2017 bonds. The Council adopted parameters Sept. 2, 2025 and held the issuance hearing Oct. 7, 2025 with no public comment.
- Where it stands
- Approved
- Type
- Public project
- Applicant
- Salt Lake City Public Utilities
Every hearing and vote
September 2, 2025 · City Council
Public Utilities bond anticipation notes and refunding bonds: parameters resolution
Approved · 7-0
The Council adopted Resolution 28 of 2025 setting parameters for up to $50 million in Public Utilities revenue bond anticipation notes, Series 2025B (to finance a Public Utilities campus), and up to $50 million in revenue refunding bonds, Series 2025C (to refund Series 2017 bonds early), and referred a public hearing on the issuance to Oct. 7.
September 2, 2025 · City Council work session
Public Utilities bond anticipation notes and refunding bonds (briefing)
Discussed
Staff described a parameters resolution authorizing up to $50 million in bond anticipation notes (Series 2025B) to buy and improve a campus for Public Utilities, and up to $50 million in revenue refunding bonds (Series 2025C) to refund Series 2017 bonds early. Staff said the note financing allows the property purchase without raising utility rates, and that revenue from the recent rate increase would not pay for the campus or the notes.
October 7, 2025 · City Council
Public Utilities bond anticipation notes and refunding bonds (public hearing)
No action · 6-0
The Council held a public hearing on up to $50 million in Public Utilities revenue bond anticipation notes, Series 2025B (for a Public Utilities campus), and up to $50 million in revenue refunding bonds, Series 2025C (refunding Series 2017 bonds). No one spoke and the hearing was closed.