Utah Inland Port Authority > UIPA Crossroads Public Infrastructure District public meetings in 2021
4 substantive meetings from 2021, with official agendas or minutes and plain-English summaries.
UIPA Crossroads PID Board
The UIPA Crossroads Public Infrastructure District Board is meeting to hold a public hearing and consider a resolution authorizing the issuance of Tax Differential Revenue Bonds, Series 2021, along with a related loan agreement. The meeting is conducted via Zoom due to COVID-19 health and safety concerns.
- Public hearing on Tax Differential Revenue Bonds, Series 2021
- Resolution 2021-02 to approve Preliminary and Limited Offering Memoranda
- Approval of Loan Agreement execution
- Meeting held via Zoom due to COVID-19
UIPA Crossroads PID Board
The UIPA Crossroads Public Infrastructure District Board is notifying the public of its intent to issue up to $150 million in Tax Differential Revenue Bonds, Series 2021, to finance public infrastructure. A public hearing on the bond issuance and its potential economic impact on the private sector is scheduled for November 22, 2021, via Zoom. The board has already adopted a resolution authorizing the bonds on November 3, 2021.
- Issuance of up to $150,000,000 in Tax Differential Revenue Bonds, Series 2021
- Public hearing on November 22, 2021 at 3 p.m. via Zoom
- Bonds to mature in up to 35 years, interest rate not exceeding 8.5%
- Estimated total principal and interest cost: approximately $317,194,333
- 30-day legal contest period for the bond resolution and issuance
UIPA Crossroads PID Board
The UIPA Crossroads Public Infrastructure District Board meeting includes actions on several financial resolutions and a project review. The agenda also covers administrative items such as an oath of office and chair designation.
- Action on resolutions regarding Indenture of Trust, Capital Pledge Agreement, Bond Purchase Agreement, and Continuing Disclosure Agreement
- Project Review action
- Oath of Office action
- Chair Designation procedural item
UIPA Crossroads PID Board
The UIPA Crossroads PID Board is issuing a notice of bonds to be issued, authorizing up to $150 million in Tax Differential Bonds, Series 2021. The bonds will finance capital improvements for the inland port project, fund a reserve fund, pay capitalized interest, and cover issuance costs. The total estimated principal and interest cost is approximately $255.6 million, with a 30-day public comment period to contest the legality of the resolution.
- Authorizes up to $150,000,000 in Tax Differential Bonds, Series 2021
- Bonds to finance capital improvements and related costs for the inland port project
- Total estimated principal and interest cost: approximately $255,594,236
- Bonds mature in up to 35 years with interest rates not exceeding 8.5% per annum
- 30-day period for contesting the legality of the resolution and bond obligation