PUBLIC NOTICE AND AGENDA of Sage Creek Infrastructure Financing District
Notice Tags
Public Meetings, Bonds
Notice Type(s)
Notice,
Meeting,
Bond
Event Start Date & Time
October 29, 2024 03:30 PM
Event Deadline Date & Time
10/28/24 03:30 PM
Description/Agenda
SAGE CREEK INFRASTRUCTURE FINANCING DISTRICT
INITIAL MEETING
Tuesday, October 29, 2024 at 3:30 p.m. via teleconference and at
MEETING PHYSICAL LOCATION: 1946 W 5600 S, Roy UT, 84067
This meeting is open to the public and may be joined using the following information:
LINK: https://us06web.zoom.us/j/84401572063?pwd=yBunTtVwj40KS761xIPxYiT4hjp0i8.1
Meeting ID: 844 0157 2063
Passcode: 345801
DIAL IN: 720-707-2699
NOTICE OF INITIAL MEETING AND AGENDA
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
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. Approval of Engagement Letter with White Bear Ankele Tanaka & Waldron for Legal Services
ii. Approval of Engagement Letter with CliftonLarsonAllen, LLP for Accounting Services
iii. Ratification of Proposal for Engineering Services with The Connextion Group, LLC
iv. Approval of Engagement Letter with D.A. Davidson & Co. as Underwriter
v. Approval of Special Bond Fee Disclosure Letter with White Bear Ankele Tanaka & Waldron
vi. Approval of Engagement Letter with Gilmore & Bell, PC as Bond Counsel
vii. Approval of Engagement Letter with CliftonLarsonAllen, LLP for SAA Administrator Services
b. Agreements
i. Approval of Funding and Reimbursement Agreement with Lync Construction, LLC
ii. Approval of Infrastructure Acquisition Agreement with Lync Construction, LLC
c. Resolutions
i. Adoption of Resolution Adopting a Conflicts of Interest Policy
ii. Adoption of Resolution Adopting Rules of Order and Procedure
iii. Adoption of a Resolution Adopting Written Procedures Governing Electronic Meetings
iv. Adoption of a Resolution Adopting a Public Records Policy
v. Adoption of Annual Administrative Resolution
d. Approval of Written Certification to State Auditor
e. Tentative Budgets
i. Adoption of Tentative Operating and Capital Budget for 2024 and Set Public Hearing Date to take Public Comment on Same
ii. Adoption of Tentative Operating and Capital Budget for 2025 and Set Public Hearing Date to take Public Comment on Same
iii. 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. 2024 Bonds
i. A RESOLUTION OF THE BOARD ESTABLISHING THE TERMS AND CONDITIONS OF AN ASSESSMENT ORDINANCE FOR SAGE CREEK ASSESSMENT AREA (THE 'ASSESSMENT AREA'), AUTHORIZING THE EXECUTION OF A DESIGNATION RESOLUTION AND AN ASSESSMENT ORDINANCE FOR THE ASSESSMENT AREA; APPROVING THE APPRAISAL FOR THE ASSESSMENT AREA; AUTHORIZING THE TAKING OF ALL OTHER ACTIONS NECESSARY TO THE CONSUMMATION OF THE TRANSACTIONS CONTEMPLATED BY THIS RESOLUTION; AND RELATED MATTERS.
ii. A RESOLUTION OF THE BOARD, AUTHORIZING THE ISSUANCE AND SALE OF THE ISSUANCE OF THE DISTRICT'S SPECIAL ASSESSMENT BONDS, SERIES 2024 (SAGE CREEK ASSESSMENT AREA) (THE 'SERIES 2024 BONDS') IN THE AGGREGATE PRINCIPAL AMOUNT OF NOT TO EXCEED $8,155,000; FIXING THE MAXIMUM PRINCIPAL AMOUNT OF THE SERIES 2024 BONDS, THE MAXIMUM NUMBER OF YEARS OVER WHICH THE SERIES 2024 BONDS MAY MATURE, THE MAXIMUM INTEREST RATE WHICH THE SERIES 2024 BONDS MAY BEAR, AND THE MAXIMUM DISCOUNT FROM PAR AT WHICH THE SERIES 2024 BONDS MAY BE SOLD; DELEGATING TO CERTAIN OFFICERS OF THE DISTRICT THE AUTHORITY TO APPROVE THE FINAL TERMS AND PROVISIONS OF THE SERIES 2024 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, A COMPLETION AGREEMENT, A COLLATERAL ASSIGNMENT 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.
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 Allison Hanson 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/84401572063?pwd=yBunTtVwj40KS761xIPxYiT4hjp0i8.1
Meeting ID: 844 0157 2063
Passcode: 345801
DIAL IN: 720-707-2699