Resort Core Public Infrastructure District No. 1
Meeting of the Board of Trustees
April 23, 2026 - 9:15 A.M. Mountain time
Physical (Anchor) Location
1840 Sun Peak Drive, Suite A201, Park City UT 84098
Microsoft Teams Meeting link:
https://teams.live.com/meet/9363622415887?p=i1F1iVsV9H0CgtpL0Y
AGENDA
1. Call to order and confirmation of quorum
2. Oaths of office
3. Elections of
a. Chair
b. Vice-Chair/Secretary/Clerk
c. Treasurer
4. Consider authorizing the Chair to obtain a general liability policy proposal and/or public officials' bonds from Utah Local Governments Trust or another insurance provider and to adjust the policy period(s) and other terms as needed to coordinate with pending or future bond issuance.
5. Consider Resolution 2026-01 adopting Bylaws
6. Consider Resolution 2026-02 adopting Rules of Order
7. Consider Resolution 2026-03 approving Electronic Meetings
8. Consider Resolution 2026-04 adopting a Records Policy
9. Consider Resolution 2026-05 authorizing the Chair to execute a Funding and Reimbursement Agreement
10. Consider Resolution 2026-06 authorizing the Chair to execute an Infrastructure Acquisition and Reimbursement Agreement
11. CONSIDER RESOLUTION 2026-07 OF THE BOARD, MAKING A FINDING THAT THE DISTRICT HAS OBTAINED CONSENT OF 100% OF THE SURFACE PROPERTY OWNERS WITHIN THE BOUNDARIES OF THE DISTRICT TO THE ISSUANCE OF NOT TO EXCEED $1,000,000,000 OF LIMITED TAX GENERAL OBLIGATION BONDS AND THAT THERE ARE NO REGISTERED VOTERS WITHIN THE BOUNDARIES OF THE DISTRICT; AUTHORIZING THE POSTING OF A NOTICE OF THIS RESOLUTION; AUTHORIZING THE TAKING OF ALL OTHER ACTIONS NECESSARY TO THE CONSUMMATION OF THE TRANSACTIONS CONTEMPLATED BY THIS RESOLUTION; AND RELATED MATTERS.
12. CONSIDER RESOLUTION OF THE BOARD OF TRUSTEES OF RESORT CORE PUBLIC INFRASTRUCTURE DISTRICT NO. 1 (THE 'ISSUER'), AUTHORIZING THE ISSUANCE AND SALE OF LIMITED TAX GENERAL OBLIGATION BONDS, SERIES 2026A-1, LIMITED TAX GENERAL OBLIGATION CONVERTIBLE CAPITAL APPRECIATION BONDS, SERIES 2026A-2, AND SUBORDINATE LIMITED TAX GENERAL OBLIGATION BONDS, SERIES 2026B IN THE COMBINED AGGREGATE ORIGINAL PRINCIPAL AMOUNT OF NOT TO EXCEED $500,000,000; FIXING THE MAXIMUM AGGREGATE ORIGINAL 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 INDENTURES, A PRELIMINARY OFFICIAL STATEMENT, AN OFFICIAL STATEMENT, A BOND PURCHASE AGREEMENT, ANY DERIVATIVE INSTRUMENTS RELATED TO THE ISSUANCE OF THE BONDS, 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.
13. Training - Open and Public Meetings Act
14. Utah State Auditor Training
15. Other items by the Board, if any
16. Adjourn
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 email kyle@mcdonaldfielding.com at least six hours before the meeting.
Notice of Electronic or Telephone Participation
Microsoft Teams Meeting link:
https://teams.live.com/meet/9363622415887?p=i1F1iVsV9H0CgtpL0Y