General Information

Government Type

Special Service District

Entity

Verk Industrial Regional Public Infrastructure District

Public Body

Board of Trustees

Notice Information

Add Notice to Calendar

Notice Title

Notice of Board Meeting

Notice Tags

Bonds

Notice Type(s)

Notice, Meeting, Bond

Event Start Date & Time

April 8, 2025 04:00 PM

Description/Agenda

PUBLIC NOTICE AND AGENDA Verk Industrial Regional Public Infrastructure District Board of Trustees Special Meeting NOTICE IS HEREBY GIVEN THAT THE BOARD OF TRUSTEES OF VERK INDUSTRIAL REGIONAL PUBLIC INFRASTRUCTURE DISTRICT WILL HOLD A MEETING ON APRIL 8, 2025, AT 4:00 P.M. AT THE LIBRARY HALL BUILDING, 80 S MAIN, SPANISH FORK, UTAH 84660. THE MEETING WILL OCCUR ON THE EXPLORER ROOM, WHICH IS ON THE 2ND FLOOR. A. Call to Order B. Preliminary Action Items 1. Oaths of Office for remaining Trustees C. Action Items 1. Approve minutes from the March 25, 2025 meeting. 2. Consider approval of Resolution 2025-07: A RESOLUTION OF THE BOARD AUTHORIZING THE ISSUANCE AND SALE OF TAX DIFFERENTIAL BONDS, SERIES 2025 IN THE AGGREGATE PRINCIPAL AMOUNT OF NOT TO EXCEED $100,000,000, FIXING THE MAXIMUM AGGREGATE PRINCIPAL AMOUNT OF THE BONDS, THE MAXIMUM NUMBER OF YEARS OVER WHICH THE BONDS MAY MATURE, THE MAXIMUM INTEREST RATE WHICH THE BONDS MAY BEAR, AND THE MAXIMUM DISCOUNT FROM PAR AT WHICH THE BONDS MAY BE SOLD; DELEGATING TO CERTAIN OFFICERS OF THE DISTRICT THE AUTHORITY TO APPROVE THE FINAL TERMS AND PROVISIONS OF THE BONDS WITHIN THE PARAMETERS SET FORTH HEREIN; PROVIDING FOR THE PUBLICATION OF A NOTICE OF PUBLIC HEARING AND BONDS TO BE ISSUED; PROVIDING FOR THE RUNNING OF A CONTEST PERIOD AND SETTING OF A PUBLIC HEARING DATE; AUTHORIZING AND APPROVING THE EXECUTION OF AN INDENTURE, A TAX SHARING AGREEMENT, 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. D. Administrative Non-Action Items 1. Board Training - Open and Public Meetings Act 2. Training required by the state auditor for New Board Members. 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 contact the Spanish Fork City Manager's Office at 801-804-4530 at least one full business day before the meeting. This meeting will be simulcast via Google Meet 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 Google Meet at: meet.google.com/vem-zmyf-rhi

Notice of Special Accommodations (ADA)

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 contact the Spanish Fork City Manager's Office at 801-804-4530 at least one full business day before the meeting.

Notice of Electronic or Telephone Participation

This meeting will be simulcast via Google Meet so members of the Board and the public may participate electronically. Please use meet.google.com/vem-zmyf-rhi to participate in the meeting.

Meeting Information

Meeting Location

LIBRARY HALL BUILDING, 80 S MAIN
SPANISH FORK, UT 84660
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Contact Name

Seth Perrins

Contact Email

sperrins@spanishfork.gov

Notice Posting Details

Notice Posted On

April 07, 2025 02:28 PM

Notice Last Edited On

April 07, 2025 05:19 PM

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