The Municipal Building Authority of the City of South Jordan intends to issue Series 2026 Lease Revenue Bonds to finance the construction of a new fire station and related improvements, according to a September 16 notice.
The proposed project includes the acquisition and construction of a new fire station and improvements to offsite fire training facilities.
A public hearing is scheduled for October 6, 2026, at 6:30 p.m. at 1600 W. Towne Center Drive in South Jordan. The hearing will allow members of the public to present testimony regarding the proposed issuance of the Series 2026 Bonds.
The authority anticipates taking action on the proposal directly following the public hearing. The bonds' term shall not exceed 26 years, with an expected average annual payment in principal and interest of $1,732,500. The City of South Jordan is the intended lessee of the facility, with expected annual lease payments of $1,732,500.
The Series 2026 Bonds will also be used to fund a required debt service reserve fund and cover costs associated with the issuance of the bonds.
