Weber Basin Water Conservancy District authorized up to $182 million in new bond debt on Oct. 29, 2026.
The district's Board of Trustees adopted two separate resolutions that day, according to public notices posted on the district's website. The larger is a water revenue and refunding bond of up to $175 million. The smaller is a general obligation bond of up to $7 million.
The two bonds serve different purposes and carry different terms.
The $175 million water revenue bond would finance improvements to the district's water system, refund certain outstanding water revenue bonds, cover debt service reserves and pay issuance costs, according to the district's bond notice. Those bonds could mature in up to 41 years and carry interest of up to 6.5% per year.
If held to full maturity at current interest rates, the district estimates total principal and interest payments on the revenue bonds would reach roughly $389 million. The district listed approximately $105 million in existing outstanding obligations payable from water revenues, separate from the new bonds.
The $7 million general obligation bond would refund certain outstanding district bonds and pay issuance costs. Those bonds could mature in up to 12 years at interest rates up to 5%. Payment would be secured by ad valorem property taxes levied on taxable property within the district.
Final terms for both bonds, including exact principal amounts, interest rates and maturity dates, will be set by a designated district officer through a Certificate of Determination. Neither bond can exceed the maximums spelled out in the resolutions.
Under Utah law, any interested person has 30 days from the notice publication date to contest the legality of either resolution or the bonds themselves. After that window closes, no legal challenge can be filed.
Copies of both resolutions are available for public inspection at the district's office at 2837 East Highway 193 in Layton, weekdays from 8 a.m. to 4:30 p.m., for at least 30 days from the notice date.
