PUBLIC NOTICE AND AGENDA
SkyRidge Pegasus Infrastructure Financing District
Board of Trustees
Special Meeting
NOTICE IS HEREBY GIVEN THAT THE BOARD OF TRUSTEES OF SKYRIDGE PEGASUS INFRASTRUCTURE FINANCING DISTRICT WILL HOLD A MEETING ON FRIDAY, AUGUST 30, 2024, AT SNOW JENSEN & REECE, P.C., 912 W. 1600 S., SUITE B-200, ST. GEORGE, UTAH 84770
AT 11:00 am.
A. Call to Order
B. Preliminary Action Items
1. Oaths of Office
2. Election of District Chair
3. Election of District Treasurer/Vice Chair
4. Election of District Clerk/Secretary
5. Discussion of trustees' conflict disclosures and ethics pledge.
C. Action Items
1. Consider approval of Resolution 2023-01: A resolution adopting rules of order.
2. Consider approval of Resolution 2023-02: A resolution implementing an electronic meetings policy.
3. Consider approval of Resolution 2023-03: A resolution adopting District bylaws, including ethics and fraud prevention policies.
4. Consider approval of Resolution 2023-04: A resolution implementing a District records policy.
5. Consider approval of Resolution 2024-05 A RESOLUTION OF THE BOARD OF TRUSTEES OF THE SKYRIDGE PEGASUS INFRASTRUCTURE FINANCING DISTRICT ESTABLISHING THE TERMS AND CONDITIONS OF AN ASSESSMENT ORDINANCE FOR THE SKYRIDGE PEGASUS 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.
6. Consider approval of Resolution 2024-06 A RESOLUTION OF THE BOARD OF TRUSTEES OF THE SKYRIDGE PEGASUS INFRASTRUCTURE FINANCING DISTRICT (THE 'DISTRICT'), AUTHORIZING THE ISSUANCE AND SALE OF THE ISSUANCE OF THE DISTRICT'S SPECIAL ASSESSMENT BONDS, SERIES 2024 (SKYRIDGE PEGASUS ASSESSMENT AREA) (THE 'SERIES 2024 BONDS') IN THE AGGREGATE PRINCIPAL AMOUNT OF NOT TO EXCEED $49,233,000; 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, 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.
7. Consider authorizing the District Chair to (a) obtain a General Liability policy proposal from Utah Local Governments Trust; (b) accept any policy proposal for aggregate coverage of a minimum of $5 million with an annual premium; and (c) to adjust the policy period as needed to coordinate with pending bond issuance.
8. District authorizing the District Chair to obtain public officials' bonds for the district Treasurer from Utah Local Governments Trust in the amounts of $250,000.
9. Consider approval of engagement agreement for bond underwriting services between the District and Piper Sandler and authorize District Chair to sign.
10. Consider approval of engagement agreement for legal services between the District and Snow Jensen & Reece, PC, and authorize District Chair to sign.
11. Consider approval of a tentative District board meeting calendar for calendar year 2024.
12. Consider approval of the Infrastructure Acquisition and Reimbursement Agreement between the District and Developer and authorize the District Chair to sign.
13. Consider approval of the Funding and Reimbursement Agreement between the
District and Developer and authorize the District Chair to sign.
D. Administrative Non-Action Items
1. Board Training - Open and Public Meetings Act
2. Training required by state auditor for New Board Members:
https://training.auditor.utah.gov
E. Adjourn
The district complies with the Americans with Disabilities Act by providing reasonable accommodations for those in need of assistance. People requesting accommodation for public meetings should call Jennifer Gowans at 435-628-3688 at least one full business day before the meeting.
This meeting will be simulcast via Zoom so members of the Board and the public may participate electronically.
Motions relating to any of the items listed above, including final action, may be taken. Meetings may be closed for reasons allowed by statute.
This meeting can be accessed through Zoom at:
Join Zoom Meeting
https://us06web.zoom.us/j/87475095141?pwd=R95d7ojc9i5Dflgd8iL8aayPDqrvIv.1
Meeting ID: 874 7509 5141
Passcode: 393965
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 Jennifer Gowans 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 Jennifer Gowans at 435-628-3688 to make arrangements.