Sun Stone Infrastructure Financing District Meeting
Notice Tags
Local Districts
Notice Type(s)
Notice,
Meeting
Event Start Date & Time
November 15, 2024 11:00 AM
Description/Agenda
The Board of Trustees of the Sun Stone Infrastructure Financing District (the 'District') will meet in public session to hold its Board Meeting on November 15, 2024 at 11:00 AM. The meeting will be an in person meeting with the anchor location held at 8371 S. State Street, Ste. 202, Sandy, UT 84070. The public is welcome to attend the Board Meeting. The Agenda includes the following items:
AGENDA
1. Welcome and call meeting to order.
2. Oath of office.
3. Open and Public Meeting Act training.
4. Election of Temporary Chairman.
5. Appointment of District Clerk.
6. Discussion/Action Items
a. RESOLUTION NO. 2024-01 A RESOLUTION OF THE BOARD OF TRUSTEES OF THE SUN STONE INFRASTRUCTURE FINANCING DISTRICT ESTABLISHING THE TERMS AND CONDITIONS OF AN ASSESSMENT ORDINANCE FOR THE SUN STONE ASSESSMENT AREA NO. 1 (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.
b. RESOLUTION NO. 2024-02 A RESOLUTION OF THE BOARD OF TRUSTEES OF THE SUN STONE INFRASTRUCTURE FINANCING DISTRICT (THE 'DISTRICT'), ESTABLISHING THE TERMS AND CONDITIONS OF THE DISTRICT'S NOT TO EXCEED $19,665,000 SPECIAL ASSESSMENT BONDS, SERIES 2024 (SUN STONE ASSESSMENT AREA NO. 1) (THE 'SERIES 2024 BONDS'); 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.
c. Adoption of Electronic Meeting Policy.
7. Board Member communications and further items as may be required.
8. Potential closed session to discuss the character, professional competence, or physical or mental health of an individual, pending or reasonably imminent litigation, the sale or purchase of real property, and/or other matters as permitted by Utah Code ยงยง 52-4-204 through 205 (if needed, motion and majority vote required to proceed).
9. Adjourn
Notice of Special Accommodations (ADA)
Contact Jacob Clark at (801) 413-1600.
Notice of Electronic or Telephone Participation
Pursuant to UCA 52-4-207, electronic or telephonic participation will not be available unless and until the District passes such a resolution.