PUBLIC NOTICE AND AGENDA
Stockman Flats Public Infrastructure District No. 1
Board of Trustees
Special Meeting
NOTICE IS HEREBY GIVEN THAT THE BOARD OF TRUSTEES OF STOCKMAN FLATS PUBLIC INFRASTRUCTURE DISTRICT NO. 1 WILL HOLD A MEETING ON AUGUST 3, 2026, AT THE SPANISH FORK LIBRARY, 80 SOUTH MAIN STREET, SPANISH FORK,
UTAH 84660
AT 3:00 P.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 2026-01, adopting Rules of Order
3. Consider approval of Resolution 2026-02, implementing an Electronic Meetings Policy
4. Consider approval of Resolution 2026-03, adopting District Bylaws, including Ethics and Fraud Prevention Policies
5. Consider approval of Resolution 2026-04, implementing a District Records Policy
6. Consider approval of Resolution 2026-05, A RESOLUTION OF THE BOARD OF TRUSTEES OF THE STOCKMAN FLATS PUBLIC INFRASTRUCTURE DISTRICT NO. 1 (THE 'DISTRICT'), 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 LIMITED TAX GENERAL OBLIGATION BONDS, SERIES 2026A AND SUBORDINATE LIMITED TAX GENERAL OBLIGATION BONDS, SERIES 2026B IN THE COMBINED AGGREGATE PRINCIPAL AMOUNT OF NOT TO EXCEED $100,000,000 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
7. Consider approval of Resolution 2026-06, CONSIDERATION OF A RESOLUTION OF THE BOARD OF TRUSTEES OF STOCKMAN FLATS PUBLIC INFRASTRUCTURE DISTRICT NO. 1 (THE 'ISSUER'), AUTHORIZING THE ISSUANCE AND SALE OF LIMITED TAX GENERAL OBLIGATION BONDS, SERIES 2026A AND SUBORDINATE LIMITED TAX GENERAL OBLIGATION BONDS, SERIES 2026B IN THE COMBINED AGGREGATE PRINCIPAL AMOUNT OF NOT TO EXCEED $35,000,000; 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 INDENTURES, 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.
8. Consider approval of Resolution 2026-07, Annexation No. 1
9. Consider approval of the Infrastructure Acquisition and Reimbursement Agreement between the District and Developer and authorize the District Chair to sign
10. Consider approval of the Administrative Funding and Reimbursement Agreement between the District and Developer and authorize the District Chair to sign
11. Consider Resolution 2026-08, 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
12. Consider approval to ratify the Engagement Agreement for Bond Underwriting Services between the District and Zions Bank and authorize the District Chair to sign
13. Consider approval of the Engagement Agreement for Legal Services between the District and Snow Jensen & Reece, PC, and authorize the District Chair to sign
14. Discussion on Municipal Advisor
15. Discussion on Municipal Accountant
16. Consider approval of the 2026 Tentative Budget
17. Consider approval of the U.S. Bank Trustee Engagement Letter
18. Consider approval to ratify the District Engineer Agreement
D. Administrative Non-Action Items
1. Board Training - Open and Public Meetings Act
2. Training required by State Auditor for new Board Members -
https://training.auditor.utah.gov/courses/special-district-special-service-district-board-member-training-2026
E. Adjourn
The district complies with the Americans with Disabilities Act by providing reasonable accommodations for those in need of assistance. People requesting accommodation for public meetings should call Kristi Barker at 435-628-3688 at least one full business day before the meeting.
This meeting will be simulcast via Zoom so members of the Board and the public may participate electronically.
Motions relating to any of the items listed above, including final action, may be taken. Meetings may be closed for reasons allowed by statute.
This meeting can be accessed through Zoom at:
Join Zoom Meeting
https://us06web.zoom.us/j/81302869828?pwd=CtI6EDixM1ed1SgEWvBBi3xYP88CCl.1
Meeting ID: 813 0286 9828
Passcode: 671836
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.