The Municipal Building Authority of the City of Hurricane intends to issue Lease Revenue Bonds, Series 2026, according to a notice published October 2, 2026. The proposed issuance aims to finance the acquisition and construction of a new city hall building, a new police station, and related improvements.
The Series 2026 Project is intended to fund the construction of the new facilities, any required debt service reserve fund, and costs associated with the issuance of the bonds. The term for the Series 2026 Bonds will not exceed 31 years.
The expected annual amount that the City of Hurricane will pay in lease payments is $2,024,754.57. This matches the average annual amount the Authority will be required to pay in principal and interest on the bonds.
A public hearing for members of the public to present testimony on the proposed bond issuance will be held on Nov. 5, 2026, at 6:00 p.m. The meeting will take place at 147 North 870 West, Hurricane, Utah. The Authority anticipates taking action on the proposal to issue the bonds directly following the hearing.
