PUBLIC NOTICE AND AGENDA
BRIXTON INFRASTRUCTURE FINANCING DISTRICT
SPECIAL MEETING
NOTICE IS HEREBY GIVEN THAT THE BOARD OF TRUSTEES OF BRIXTON INFRASTRUCTURE FINANCING DISTRICT WILL HOLD A SPECIAL MEETING ON
FRIDAY, FEBRUARY 7, 2025 AT YORK HOWELL, 10610 SOUTH JORDAN GATEWAY, SUITE 200, SOUTH JORDAN, UTAH 84095
AT 10:00am
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 of Interest Disclosure Forms and Ethical Behavior Pledge Forms
C. Action Items
1. Consider approval and ratification of the Governing Document, Final Local Entity Plat, and all actions taken by the Board of Trustees to consummate the creation of the District.
2. Consider approval of Resolution 2025-01: A resolution adopting rules of order.
3. Consider approval of Resolution 2025-02: A resolution implementing an electronic meetings policy.
4. Consider approval of Resolution 2025-03: A resolution adopting District bylaws, including ethics and fraud prevention policies.
5. Consider approval of Resolution 2025-04: A resolution implementing a District records policy.
6. Consider approval of Resolution 2025-05: A resolution of the Board of Trustees of Brixton Infrastructure Financing District establishing the terms and conditions of an Assessment Ordinance for the Brixton 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.
7. Consider approval of Resolution 2025-06: A resolution of the Board of Trustees of Brixton Infrastructure Financing District (the 'District'), authorizing the issuance and sale of the District's Special Assessment Bonds, Series 2025 (the 'Series 2025 Bonds') in the aggregate principal amount of not to exceed $38,505,000; fixing the maximum principal amount of the Series 2025 Bonds, the maximum number of years over which the Series 2025 Bonds may mature, the maximum interest rate which the Series 2025 Bonds may bear, and the maximum discount from par at which the Series 2025 Bonds may be sold; delegating to certain officers of the District the authority to approve the final terms and provisions of the Series 2025 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.
8. Consider approval of the proposed Funding and Reimbursement Agreement (Administrative) between the District and Saratoga 262 Partners LLC, and authorizing the District Chair to sign.
9. Consider approval of the proposed Infrastructure Acquisition and Reimbursement Agreement between the District and Saratoga 262 Partners LLC, and authorizing the District Chair to sign.
10. Consider authorizing the District Chair to (a) obtain a general liability policy proposal from Utah Local Governments Trust or such other insurance provider, (b) accept any policy proposal for aggregate coverage of a minimum of $2 million with an annual premium not to exceed $3,500; and (c) to adjust the policy period as needed to coordinate with pending bond issuance.
11. Consider authorizing the District Chair to obtain public officials' bonds for the District's officers from Utah Local Governments Trust or such other insurance provider in the amounts of $250,000 for the District Treasurer and $100,000 for each of the other District Officers, and authorizing the payment of premiums for the same.
12. Consider approval of a tentative District board meeting calendar for the calendar year of 2025.
13. Consider approval of an engagement agreement for legal services between the District and York Howell, and authorizing the District Chair to sign.
14. Consider approval and/or ratification of the Letter Agreement for Investment Banking Services between the District and D.A. Davidson, and authorizing the District Chair to sign.
15. Consider approval and/or ratification of the proposal/engagement agreement from The Connextion Group for engineering cost certification services, and authorizing the District Chair to sign.
16. Consider approval and/or ratification of the proposal/engagement agreement from Launch Development Finance Advisors for administration, consulting, and accounting services, and authorizing 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. Persons requesting accommodations for public meetings should call Ashley Tedesco at 801-527-1023 at least one (1) full business day before the meeting.
Notice of Special Accommodations (ADA)
The District complies with the Americans with Disabilities Act by providing reasonable accommodations for those in need of assistance. Persons requesting accommodations for public meetings should call Ashley Tedesco at 801-527-1023 at least one (1) full business day before the meeting.
Notice of Electronic or Telephone Participation
Topic: Brixton Infrastructure Financing District - Initial Board Meeting
Time: Feb 7, 2025 10:00 AM Mountain Time (US and Canada)
Join Zoom Meeting
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Meeting ID: 816 4505 0458
Passcode: 635032
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