PUBLIC NOTICE AND AGENDA of NS Public Infrastructure District No. 2
Notice Tags
Public Meetings, Budgeting
Notice Type(s)
Notice,
Meeting,
Bond
Event Start Date & Time
September 5, 2024 02:30 PM
Event End Date & Time
September 5, 2024 03:30 PM
Event Deadline Date & Time
09/04/24 02:30 PM
Description/Agenda
NOTICE IS HEREBY GIVEN that the Board of Trustees of NS PUBLIC INFRASTRUCTURE DISTRICT NO. 2 will hold a special joint meeting on Thursday, September 5, 2024 at 460 W. 50 N. Suite 300, Salt Lake City UT 84101, at 2:30 p.m. This meeting is open to the public and will be simulcast via Zoom so that members of the public may participate. The meeting may be accessed at the following link: https://us06web.zoom.us/j/84347494064; Meeting ID: 843 4749 4064.
1. Call to Order/Declaration of Quorum
2. Preliminary Action Items
a. Election of District Chair
b. Election of District Treasurer/Vice Chair
c. Election of District Clerk/Secretary
d. Election of Recording Secretary/Records Officer
e. Consider Approval of Agenda
3. Public Comment - Members of the public may express their views to the Board on matters that affect the District. Comments will be limited to three (3) minutes.
4. Action Items
a. Engagement Letters
i. Approve Engagement Letter with White Bear Ankele Tanaka & Waldron for Legal Services
ii. Approve Master Services Agreement and Statement of Work from CliftonLarsonAllen, LLP for Accounting Services
iii. Approve Proposal from The Connextion Group for District Engineering Services
iv. Approve Engagement Letter with Piper Sandler & Co., for Underwriting Services
v. Approve Engagement Letter with CliftonLarsonAllen LLP for Cash Flow Analysis
vi. Approve Engagement Letter with Gilmore & Bell, P.C. for Bond Counsel and Disclosure Counsel
vii. Approve Engagement Letter with Zions Public Finance for Municipal Advisor Services
viii. Approve Engagement Letter with Zonda Advisory for Market Study
ix. Approve Special Fee Disclosure Letter from White Bear Ankele Tanaka & Waldron
b. Agreements
i. Approve of Interlocal Agreement with Salem City
ii. Approve Funding and Reimbursement Agreement with Woodside Homes of Utah, LLC
iii. Approve Infrastructure Acquisition Agreement with Woodside Homes of Utah, LLC
c. Resolutions
i. Adopt Resolution Adopting a Conflicts of Interest Policy
ii. Adopt Resolution Adopting Rules of Order and Procedure
iii. Adopt Resolution Adopting Written Procedures Governing Electronic Meetings
iv. Adopt Resolution Adopting a Public Records Policy
v. Adopt Annual Administrative Resolution
d. Approve Written Certification to State Auditor
e. Tentative Budget
i. Adopt Tentative Operating and Capital Budget for 2024 and Set Public Hearing Date to take Public Comment on Same
ii. Authorize Trustees to obtain public surety bonds, as required, through the Utah Local Governments Trust in the amount of $5,000 for the District Treasurer and $1,000 each for the District Chair and District Clerk
f. Bond Issuance
i. CONSIDER ADOPTION OF A RESOLUTION OF THE BOARD OF TRUSTEES OF THE NS PUBLIC INFRASTRUCTURE DISTRICT NO. 2 (THE 'DISTRICT'), AUTHORIZING THE ISSUANCE AND SALE OF THE ISSUANCE OF THE DISTRICT'S LIMITED TAX GENERAL OBLIGATION BONDS, SERIES 2024A (THE 'SERIES 2024A BONDS') AND THE DISTRICT'S LIMITED TAX GENERAL OBLIGATION SUBORDINATE CASH FLOW BONDS, SERIES 2024B (THE 'SERIES 2024B BONDS' AND TOGETHER WITH THE SERIES 2024A BONDS, THE 'BONDS') IN THE AGGREGATE PRINCIPAL AMOUNT OF NOT TO EXCEED $10,000,000 FIXING THE MAXIMUM 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 DISTRICT THE AUTHORITY TO APPROVE THE FINAL TERMS AND PROVISIONS OF THE BONDS WITHIN THE PARAMETERS SET FORTH HEREIN; AUTHORIZING THE EXECUTION BY THE DISTRICT OF AN INDENTURE OF TRUST AND PLEDGE, A PRELIMINARY LIMITED OFFERING MEMORANDUM, A LIMITED OFFERING MEMORANDUM, 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; PROVIDING FOR A POSTING OF A NOTICE OF BONDS TO BE ISSUED; AND RELATED MATTERS.
g. Administrative Non-Action Items
i. Discussion Regarding Liability Insurance
h. Board Training - Open and Public Meetings Act
i. Training required by state auditor for New Board Members: https://training.auditor.utah.gov
5. 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 call Emilee Hansen at 303-858-1800 at least 24 hours before the meeting.
Notice of Electronic or Telephone Participation
For meetings held via videoconferencing or telephonic communication, Trustees and other meeting participants and attendees will be able to participate remotely.
This meeting is open to the public and will be simulcast via Zoom so that members of the Board and the public may participate.
The meeting may be accessed at the following link: https://us06web.zoom.us/j/84347494064; Meeting ID: 843 4749 4064.