Borrow up to $500,000 in lease revenue bonds to help build a library in Parowan

Parowan's Local Building Authority (a city-created body that owns and leases public buildings) plans to issue up to $500,000 in lease revenue bonds to help pay for library facilities, and holds a public hearing first. The notice says no taxes are pledged; the bonds are secured by the building. At the maximum rate and term (3% for up to 32 years), repayment would be about $778,405. The city also has a state Community Impact Fund commitment of a $142,000 grant and a $333,000 loan at up to 1.5% over 30 years; if that is used, repayment would be about $415,030.

1. Public hearing · Thu, Nov 12, 2026, 5:30 PM MT35 E 100 N, ParowanLocal Building Authority of Parowan CityA public hearing: anyone may speak.
2. Bond resolutions ($333,000) · Thu, Nov 12, 2026, 5:30 PM MT35 E 100 N, ParowanParowan City Council and Local Building Authority

Notice of public hearing and bonds to be issued · City Council and Local Building Authority agenda, Nov 12, 2026

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