PUBLIC NOTICE AND AGENDA
Downtown Daybreak Public Infrastructure District No. 1
Board of Trustees
Special Meeting
NOTICE IS HEREBY GIVEN THAT THE BOARD OF TRUSTEES OF DOWNTOWN DAYBREACK PUBLIC INFRASTRUCTURE DISTRICT NO. 1 WILL HOLD A MEETING ON FEBRUARY 5, 2026, AT SNOW JENSEN & REECE, P.C., 912 W. 1600 S., SUITE B-200, ST. GEORGE, UTAH 84770
AT 9:30 A.M.
A. Call to Order
B. Preliminary Action Items
1. Oaths of Office, Discussion of Trustees' Conflict Disclosures and Ethics Pledge
C. Action Items
1. Election of District Chair, Treasurer/Vice Chair, and Clerk/Secretary
2. Consider approval of Resolution 2025-01, adopting Rules of Order
3. Consider approval of Resolution 2025-02, implementing an Electronic Meetings Policy
4. Consider approval of Resolution 2025-03, adopting District Bylaws, including Ethics and Fraud Prevention Policies
5. Consider approval of Resolution 2025-04, implementing a District
Records Policy
6. Consider approval of Resolution 2025-05 A RESOLUTION OF THE BOARD OF TRUSTEES OF DOWNTOWN DAYBREAK PUBLIC INFRASTRUCTURE DISTRICT NO. 1 (THE 'ISSUER'), AUTHORIZING THE ISSUANCE AND SALE OF TAX INCREMENT REVENUE BONDS, SERIES 2026 IN THE AGGREGATE PRINCIPAL AMOUNT OF NOT TO EXCEED $120,000,000; FIXING THE MAXIMUM AGGREGATE PRINCIPAL AMOUNT OF THE BONDS, THE MAXIMUM NUMBER OF YEARS OVER WHICH THE BONDS MAY MATURE, THE MAXIMUM INTEREST RATE WHICH THE BONDS MAY BEAR, AND THE MAXIMUM DISCOUNT FROM PAR AT WHICH THE BONDS MAY BE SOLD; DELEGATING TO CERTAIN OFFICERS OF THE ISSUER THE AUTHORITY TO APPROVE THE FINAL TERMS AND PROVISIONS OF THE BONDS WITHIN THE PARAMETERS SET FORTH HEREIN; PROVIDING FOR THE PUBLICATION OF A NOTICE OF PUBLIC HEARING AND BONDS TO BE ISSUED; PROVIDING FOR THE RUNNING OF A CONTEST PERIOD AND SETTING OF A PUBLIC HEARING DATE; AUTHORIZING AND APPROVING THE EXECUTION OF AN INDENTURE, A CAPITAL PLEDGE AGREEMENT, A PRELIMINARY OFFICIAL STATEMENT, AN OFFICIAL STATEMENT, A BOND PURCHASE AGREEMENT, A CONTINUING DISCLOSURE AGREEMENT; AND OTHER DOCUMENTS REQUIRED IN CONNECTION THEREWITH; AUTHORIZING THE TAKING OF ALL OTHER ACTIONS NECESSARY TO THE CONSUMMATION OF THE TRANSACTIONS CONTEMPLATED BY THIS RESOLUTION; AND RELATED MATTERS..
7. Consider approval of the Infrastructure Acquisition and Reimbursement Agreement between the District and Developer and authorize the District Chair to sign
8. Consider approval of the Administrative Funding and Reimbursement Agreement between the District and Developer and authorize the District Chair to sign
9. Consider Resolution 2025-06, Interlocal Agreement with Utah Local Governments Trust and authorizing the District Chair to obtain a Crime Policy for the District from Utah Local Governments Trust and (a) obtain a General Liability Policy proposal from Utah Local Governments Trust; (b) accept any policy proposal for aggregate coverage of a minimum of $2 million with an annual premium; and (c) to adjust the policy period as needed to coordinate with pending bond issuance
10. Consider approval of the Engagement Agreement for Bond Underwriting Services between the District and Piper Sandler and authorize the District Chair to sign
11. Consider approval of the Engagement Agreement for Legal Services between the District and Snow Jensen & Reece, PC, and authorize the District Chair to sign
12. Consider approval of the Municipal Advisor Agreement with Zions Bank
13. Consider approval of the Municipal Accountant Agreement with Pinnacle Consulting
14. Consider approval of the Interlocal Capital Pledge Agreement
15. Consider approval of the Causey Engagement Agreement for Financial Forecast
Notice of Special Accommodations (ADA)
The District complies with the Americans with Disabilities Act by providing accommodations and auxiliary communicative aids and services for all those in need of assistance. Persons requesting these accommodations for public meetings should call Kristi Barker at 435-628-3688 at least 24 hours before the meeting.
Notice of Electronic or Telephone Participation
Unless otherwise noted on the posted Agenda, meetings of the Board of Trustees will be held in person. For meetings held via videoconferencing or telephonic communication Trustees and other meeting participants and attendees will be able to participate remotely. Persons requesting video conference or telephonic accommodation for public meetings should call Kristi Barker at 435-628-3688 to make arrangements.