PUBLIC NOTICE AND AGENDA of NS Public Infrastructure District No. 1
Notice Tags
Public Meetings, Bonds
Notice Type(s)
Notice,
Meeting,
Bond
Event Start Date & Time
October 31, 2024 10:00 AM
Event Deadline Date & Time
10/30/24 10:00 AM
Description/Agenda
NS PUBLIC INFRASTRUCTURE DISTRICT NOS. 1, 3-5
JOINT SPECIAL MEETING via teleconference on
Thursday, October 31, 2024, at 10:00 am
This meeting is open to the public and may be joined using the following information:
LINK: https://us06web.zoom.us/j/84015712890?pwd=VkVItItX7sLLMrkNOxvRHdmQZHrwsb.1
Meeting ID: 840 1571 2890
Passcode: 200355
Call-in Number: 1-720-707-2699
ANCHOR LOCATION: 1265 E Fort Union Blvd., Suite 302, Cottonwood Heights, UT
NOTICE OF JOINT SPECIAL MEETING AND AGENDA
1. Call to Order/Declaration of Quorum
2. Preliminary Action Items
a. Approve 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. Agreements
i. Approval of Infrastructure Acquisition Agreement with New Salem Vision 1, LLC (District No. 1)
ii. Approval of Agreement with Zions Public Finance, Inc.
b. 2024 Bonds (District No. 1)
i. CONSIDERATION FOR ADOPTION OF A RESOLUTION AUTHORIZING THE ISSUANCE AND SALE OF THE DISTRICT'S SPECIAL ASSESSMENT BONDS, SERIES 2024 (NS ASSESSMENT AREA NO. 1) (THE 'SERIES 2024 BONDS') IN THE AGGREGATE PRINCIPAL AMOUNT OF NOT TO EXCEED $7,280,000; 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 ESTABLISHED; 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 THE RESOLUTION; PROVIDING FOR A POSTING OF A NOTICE OF BONDS TO BE ISSUED; AND RELATED MATTERS.
c. Tentative Amended 2024 Budgets
i. Consider Adoption of Tentative Amended 2024 Budgets and Confirm Public Hearing Date to hear public comment on the same
d. Tentative 2025 Budgets
i. Consider Adoption of Tentative 2025 Budgets and Confirm Public Hearing Date to hear public comment on the same
e. Approve Minutes from October 3, 2024 Special Meeting and October 9, 2024 Special Meeting
5. Administrative Non-Action Items
a. Confirmation of Completed Trustee Training - Open and Public Meetings Act
b. Confirmation of Completed Trustee Training required by state auditor for New Board Members: https://training.auditor.utah.gov
6. 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/84015712890?pwd=VkVItItX7sLLMrkNOxvRHdmQZHrwsb.1
Meeting ID: 840 1571 2890
Passcode: 200355
Call-in Number: 1-720-707-2699