Sandy council authorizes up to $8.5 million in water bond refinancing, 6-1
July 28, 2020, 5:15 p.m. · Online meeting (Sandy City Council, 10000 Centennial Parkway)
The Sandy City Council, meeting online, approved a resolution authorizing up to $8,500,000 in water revenue refunding bonds on a 6-1 vote. After a public hearing on a partial vacation of a street near 9270 South State Street, the council continued the hearing to a future agenda.
From the approved minutes. Updated October 14, 2026.
Decisions at a glance
| Item | Result |
|---|---|
| Water revenue refunding bonds, up to $8,500,000 (Resolution 20-30C) | Approved · 6-1 |
| Partial street vacation near 9270 South State Street (Ordinance 20-07) | Continued · 7-0 |
Agenda, item by item
Item 1 · Budget
Water revenue refunding bonds, up to $8,500,000 (Resolution 20-30C)
Approved · 6-1
The resolution authorizes up to $8,500,000 in Sandy City water revenue refunding bonds and approves a Preliminary Official Statement, a Fourth Supplemental Indenture of Trust and a Bond Purchase Agreement. Finance staff member Brian Kelley introduced Jason Burningham and Randy Larsen, who described the refinancing process, estimated interest rates and estimated savings; the minutes do not give specific rate or savings figures. Steve Van Maren raised a concern about blanks in the attachments and said it had been addressed. Council Member Kris Coleman-Nicholl voted no.
- Bond$8.50 million
Item 2 · Public hearing
Partial street vacation near 9270 South State Street (Ordinance 20-07)
Continued · 7-0
Craig Evans and Tom Timmerman presented the proposed partial street vacation in Community #4 (Historic Sandy). A nearby property owner, Kris Brady, asked about foot traffic on the future street. The council voted to continue the public hearing to a future agenda.
- Item MISC-07-20-5878 CC
What residents said
Water bond refinancingStreet vacation foot trafficHale Centre Theatre impactEmergency manager vacancy
No public comments were made at the citizen comment period. Steve Van Maren spoke on the bond item and a nearby property owner spoke on the street vacation.