Public Notice and Agenda for Olympia Public Infrastructure District No. 1 - Revision 5
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General Information
- Government Type
- Local District
- Entity
- Olympia Public Infrastructure District No.1
- Public Body
- Board of Trustees of Olympia Public Infrastructure District No. 1
Notice Information
- Notice Title
- Public Notice and Agenda for Olympia Public Infrastructure District No. 1
- Notice Tags
- Annexation
- Notice Type(s)
- Notice, Meeting
- Event Start Date & Time
- January 22, 2024 10:00 AM
- Event End Date & Time
- January 22, 2024 11:00 AM
- Description/Agenda
- PUBLIC NOTICE AND AGENDA Olympia Public Infrastructure District No. 1 Special Meeting NOTICE IS HEREBY GIVEN THAT THE BOARDS OF TRUSTEES OF OLYMPIA PUBLIC INFRASTRUCTURE DISTRICT NO. 1 WILL HOLD A SPECIAL MEETING ON MONDAY, JANUARY 22, 2024, AT SNOW JENSEN & REECE, P.C., 912 W. 1600 S., SUITE B-200, ST. GEORGE, UTAH 84770 AT 10:00 am. A. Call to Order B. Preliminary Action Items 1. Approve the minutes of Board meetings held on July 31, 2023, and December 19, 2023. C. Action Items 1. Consider approval of Resolution 2024-01: A resolution of the board of trustees of Olympia Public Infrastructure District to the withdrawal of approximately 0.111 acres; authorizing the plat and other documents in connection therewith; authorizing the publication of notice of this resolution; and related matters. 2. Consider approval of Resolution 2024-02: A resolution of the board of trustees of Olympia Public Infrastructure District for annexation of approximately 132.687 acres; authorizing the plat and other documents in connection therewith; authorizing the publication of notice of this resolution; and related matters. 3. Consider approval of Resolution 2024-03: A RESOLUTION OF THE BOARD OF TRUSTEES OF OLYMPIA PUBLIC INFRASTRUCTURE DISTRICT NO. 1 (THE 'ISSUER'), AUTHORIZING THE ISSUANCE AND SALE OF LIMITED TAX GENERAL OBLIGATION BONDS, SERIES 2024A-1, SPECIAL REVENUE BONDS, SERIES 2024A-2 AND SUBORDINATE LIMITED TAX GENERAL OBLIGATION BONDS, SERIES 2024B IN THE COMBINED AGGREGATE PRINCIPAL AMOUNT OF NOT TO EXCEED $35,000,000; 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 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 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 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. 4. Consider approval of a Funding and Reimbursement Agreement between the District and developer Olympia Land, LLC., and authorize the Chair to sign. 5. Consider approval of an Infrastructure Acquisition and Reimbursement Agreement between the District and developer Olympia Land, LLC, and authorize the Chair to sign. 6. Consider approval (or ratification) of the engagement agreement between D.A. Davidson and the District for bond underwriting services and authorizing the Chair to sign (or ratifying the Chair's signature). C. Administrative Non-Action Items 1. Attention to the completion of Bond applications for District officers from Utah Local Governments Trust bonds in the amounts of $250,000 for the District Treasurer and $100,000 each for the other District officers. F. Adjourn 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 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/88400206920?pwd=eB8vknFovdsP27LqSvnRtES2Cgx6SS.1 Meeting ID: 884 0020 6920 Passcode: 119649
- 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 in 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 accommodations for public meetings should call Jennifer Gowans at 435-628-3688 to make arrangements.
- Other Information
- https://us06web.zoom.us/j/88400206920?pwd=eB8vknFovdsP27LqSvnRtES2Cgx6SS.1 Meeting ID: 884 0020 6920 Passcode: 119649
Meeting Information
- Meeting Location
-
912 W. 1600 S., SUITE B-200,
St. George, UT 84770
Show in Apple Maps Show in Google Maps - Contact Name
- Michael Jensen
- Contact Email
- mjensen@snowjensen.com
- Contact Phone
- 4356283688
Notice Posting Details
- Notice Posted On
- January 19, 2024 02:30 PM
- Notice Last Edited On
- February 08, 2024 12:04 PM
Download Attachments
| File Name | Category | Date Added |
|---|---|---|
| Olympia PID audio 01 22 2024.m4a | Audio Recording | 2024/01/26 05:01 PM |
| OPID 2024 01 22 Minutes DRAFT jg.docx | Meeting Minutes | 2024/01/30 12:37 PM |
| OPID 2024 01 22 Notice and Agenda.docx | Other | 2024/01/19 02:28 PM |
| DA Davidson Engagement Letter_Olympia PID No. 1.pdf | Other | 2024/01/26 05:08 PM |
| final entity plat-PID1.pdf | Other | 2024/01/26 05:09 PM |
| Olympia Public Infrastructure District No. 1 Legal.pdf | Other | 2024/01/26 05:09 PM |
| OPID Administrative Funding and Reimbursement Agreement 101023 - D5 SENT 4SIG.docx | Other | 2024/01/26 05:10 PM |
| OPID Infrastructure Acquisition and Reimbursement Agreement 101023 - D6 SENT 4SIG.docx | Other | 2024/01/26 05:10 PM |
| OPID Res 2024-01 Withdrawal 011024.docx | Other | 2024/01/26 05:12 PM |
| OPID Res 2024-02 Annexation 011024.docx | Other | 2024/01/26 05:12 PM |
| OPID Res 2024-03 Parameters Resolution (super) - Olympia PID 1, Series 2023.docx | Other | 2024/01/26 05:13 PM |
Board/Committee Contacts
| Member | Phone | |
|---|---|---|
| Doug Young | doug@projectutah.com | 8012055500 |
| Ryan Button | ryan@projectutah.com | 8019106206 |
| Kirk Young | kirk@projectutah.com | 8018899977 |