General Information

Government Type

Special Service District

Entity

Stockman Flats Public Infrastructure District 1

Public Body

Stockman Flats Public Infrastructure District 1 Board

Notice Information

Add Notice to Calendar

Notice Title

NOTICE OF RESOLUTION AND BONDS TO BE ISSUED

Notice Tags

Resolutions/Bond

Notice Type(s)

Notice, Bond

Event Start Date & Time

August 5, 2026 01:55 PM

Description/Agenda

NOTICE OF RESOLUTION AND BONDS TO BE ISSUED NOTICE IS HEREBY GIVEN that the Board of Trustees (the 'Board') of the Stockman Flats Public Infrastructure District No. 1 (the 'District') adopted a Resolution on August 3, 2026 (the 'Resolution') in which it made a finding that it had obtained the consent of 100% of the surface property owners within the boundaries of the District (the 'Property Owner Consents') to the issuance of not to exceed ONE HUNDRED MILLION DOLLARS ($100,000,000) of limited tax bonds (the 'Bonds') for the purpose of paying all or a portion of the costs of public infrastructure and improvements, as permitted under Title 17B and Title 17D, Chapter 4 of the Utah Code Annotated 1953, as amended ('Utah Code'). For any capital appreciation Bonds issued by the District, only the par amount of such Bonds at issuance (and not the value at conversion) of such Bonds shall count against this amount. Notice is further given that on such date there were no registered voters residing within the boundaries of the District. A copy of the Resolution is attached hereto as Appendix 1. Within the Resolution, the Board declared its intent to issue Bonds, in one or more series, the debt service upon which is repayable from taxes levied against property within the boundaries of the District, subject to a maximum mill levy for repayment of 0.005 per dollar of taxable value (and subject to adjustment as provided in Section 17D-4-301(13) of the Utah Code) which may be imposed for a period of up to forty (40) years from the first date of imposition thereof with respect to each series of Bonds. The Board further declared its intent to issue such Bonds on or before August 3, 2036. The Property Owner Consents are binding on the Property Owners and their successors in title and assigns and all future residents, owners, lessors, voters, and taxpayers of the District, and no further consent of property owners within the District will be required by the District to issue the Bonds. NOTICE IS FURTHER GIVEN that a period of thirty (30) days from and after the date of the publication of this notice is provided by law during which any person in interest shall have the right to contest the regularity, formality, or legality of the Resolution, and that after such time, no one shall have any cause of action to contest the regularity, formality, or legality thereof for any cause whatsoever. STOCKMAN FLATS PUBLIC INFRASTRUCTURE DISTRICT NO. 1 By: /s/ Farzad Mohebbizadeh Chair

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.

Meeting Information

Meeting Location

80 South Main Street
Spanish Fork, UT 84660
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Contact Name

Michael Jensen

Contact Email

mjensen@snowjensen.com

Contact Phone

4356283688

Notice Posting Details

Notice Posted On

August 05, 2026 01:57 PM

Notice Last Edited On

August 05, 2026 01:57 PM

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