Downtown Revitalization Public Infrastructure District - Board Meeting Special Meeting - Revision 11
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General Information
- Government Type
- Local District
- Entity
- Downtown Revitalization Public Infrastructure District
- Public Body
- Downtown Revitalization Public Infrastructure District Board
Notice Information
- Notice Title
- Downtown Revitalization Public Infrastructure District - Board Meeting Special Meeting
- Notice Tags
- Public Meetings, Resolutions
- Notice Type(s)
- Notice, Meeting, Bond
- Event Start Date & Time
- April 17, 2025 04:00 PM
- Event End Date & Time
- April 17, 2025 05:10 PM
- Event Deadline Date & Time
- 04/17/25 04:00 PM
- Description/Agenda
- PUBLIC NOTICE AND AGENDA Downtown Revitalization Public Infrastructure District Board of Trustees, Special Meeting NOTICE IS HEREBY GIVEN THAT THE BOARD OF TRUSTEES OF THE DOWNTOWN REVITALIZATION PUBLIC INFRASTRUCTURE DISTRICT (THE 'DISTRICT') WILL HOLD A MEETING ON APRIL 17, 2025, AT 4:00 P.M. AT THE OFFICE OF GILMORE & BELL P.C., 15 WEST SOUTH TEMPLE STREET, SALT LAKE CITY, UTAH 84101 IN THE CONFERENCE ROOM WHICH IS ON THE 14th FLOOR OF THE GATEWAY TOWER. A. Call to Order B. Preliminary Action Items 1. Oaths of Office 2. Election of District Chair/Treasurer 3. Election of District Vice Chair 4. Election of District Clerk/Secretary 5. Election of District Assistant Clerk/Secretary 6. Election of Board Member 7. Discussion of trustees' conflict disclosures and ethics pledge. C. Action Items 1. Consider approval of Resolution 2025-01: A resolution adopting rules of order. 2. Consider approval of Resolution 2025-02: A resolution implementing an electronic meetings policy. 3. Consider approval of Resolution 2025-03: A resolution adopting District bylaws, including ethics and fraud prevention policies. 4. Consider approval of Resolution 2025-04: A resolution implementing District records policy. 5. Consider approval of Resolution 2025-05: A RESOLUTION OF THE BOARD OF TRUSTEES OF THE DOWNTOWN REVITALIZATION PUBLIC INFRASTRUCTURE DISTRICT (THE 'ISSUER'), AUTHORIZING THE ISSUANCE AND SALE OF SALES TAX REVENUE BONDS (SEG REDEVELOPMENT PROJECT) SERIES 2025, TO BE ISSUED IN MULTIPLE SERIES AND WITH DIFFERENT LIENS, IN THE COMBINED AGGREGATE PRINCIPAL AMOUNT OF NOT TO EXCEED $1,100,000,000 (THE 'BONDS'); 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 ISSUER 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, INTERLOCAL AGREEMENT 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 INDENTURES, A CAPITAL PLEDGE AGREEMENT, A PRELIMINARY OFFICIAL STATEMENT, AN OFFICIAL STATEMENT, 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. 6. Consider authorizing the District Chair/Treasurer or Vice Chair to (a) obtain General Liability policy proposals; (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. 7. District authorizing the District Chair/Treasurer or Vice Chair to obtain public officials' bonds for the district Treasurer in the amounts of $250,000. 8. Consider approval of a tentative District board meeting calendar for calendar year 2025, Public Hearing date and time. 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
- 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 Gilmore & Bell P.C. at 801-258-2772. Motions relating to any of the items listed above, including final action, may be taken. Meetings may be closed for reasons allowed by statute.
- Notice of Electronic or Telephone Participation
- This meeting will be simulcast via Microsoft Teams, (link to follow) https://teams.microsoft.com/l/meetup-join/19%3ameeting_ZmI5YjFkOWQtMWVkZC00MDExLThhZjktZDM3MmRkYzkyODM1%40thread.v2/0?context=%7b%22Tid%22%3a%224b5aaf7a-1586-422b-9db2-49d135f2dfdd%22%2c%22Oid%22%3a%22d6664ffc-2810-46b7-8498-2f7f723c66fc%22%7d
Meeting Information
- Meeting Location
-
15 W South Temple
Suite 1400
Salt Lake City, UT 84101
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Notice Posting Details
- Notice Posted On
- April 15, 2025 12:43 PM
- Notice Last Edited On
- May 06, 2025 03:10 PM
- Deadline Date
- April 17, 2025 04:00 PM
Audio File Address
- Audio File Location
- https://events.teams.microsoft.com/event/ea7acae1-c41b-4155-b41f-da992511d7fd@4b5aaf7a-1586-422b-9db2-49d135f2dfdd
Download Attachments
| File Name | Category | Date Added |
|---|---|---|
| Downtown Revitalization PID Initial Meeting Agenda.docx | Public Information Handout | 2025/04/17 10:12 AM |
Board/Committee Contacts
| Member | Phone | |
|---|---|---|
| John Larson | jlarson@teamseg.com | N/A |
| Mike Maughan | mm@teamseg.com | N/A |
| Blake Thomas | blake.thomas@slc.gov | N/A |
| Andrew Smith | mm@teamseg.com | N/A |
| Darrin Casper | dcasper@saltlakecounty.gov | N/A |