Chelsey Public Infrastructure District No. 1 public meetings in 2023
5 substantive meetings from 2023, with official agendas or minutes and plain-English summaries.
Chelsey Public Infrastructure District No. 1
The Chelsey Public Infrastructure District No. 1 Board of Trustees will hold a special meeting to consider approving an Agreement for Municipal Advisory Services with Zions Public Finance, Inc., and authorizing the District Chair to sign. The board will also approve the draft minutes from the July 19, 2023 meeting. The meeting is open to the public in person or via Zoom.
- Consider approval of Agreement for Municipal Advisory Services with Zions Public Finance, Inc.
- Authorize District Chair to sign the agreement
- Approve draft minutes of July 19, 2023 board meeting
Chelsey Public Infrastructure District No. 1
The Chelsey Public Infrastructure District No. 1 Board of Trustees will hold a special meeting to consider three resolutions: one to withdraw property from the district, one to authorize up to $6,000,000 in Limited Tax Bonds, and one to approve a Placement Agent Agreement for the bond sale. The board will also approve the minutes from the June 23, 2023 meeting. The meeting is open to the public in person or via Zoom.
- Resolution 2023-05: withdrawal of certain property from the district
- Resolution 2023-09: issuance of up to $6,000,000 Limited Tax Bonds with intent to reimburse
- Resolution 2023-10: approval of Placement Agent Agreement for Series 2023A-1 bonds
- Consent item: approve draft minutes of June 23, 2023 board meeting
Chelsey Public Infrastructure District No. 1
The Chelsey Public Infrastructure District No. 1 Board of Trustees will hold a special meeting to consider issuing bonds and approving agreements related to infrastructure projects. The board will hold a public hearing on the issuance of Limited Tax General Obligation Bonds and Subordinate Limited Tax General Obligation Bonds, and will consider a resolution for up to $8,284,733 in Special Assessment Bonds. They will also vote on two agreements with Chelsey Partners LLC for funding and infrastructure acquisition.
- Public hearing on 2023 A-1 Senior Bonds and 2023B Subordinate Bonds
- Resolution 2023-08: Issue up to $8,284,733 in Series 2023A-2 Special Assessment Bonds
- Approve Funding and Reimbursement Agreement with Chelsey Partners LLC
- Approve Infrastructure Acquisition and Reimbursement Agreement with Chelsey Partners LLC
- Approve draft minutes of June 7, 2023 board meeting
Chelsey Public Infrastructure District No. 1
The Chelsey Public Infrastructure District No. 1 will hold a public hearing to receive input on issuing up to $6,000,000 in limited tax general obligation bonds (Series 2023A-1 and 2023B) to finance public infrastructure. The hearing will also consider potential economic impacts on the private sector. The bonds would be repaid from property taxes and are estimated to cost about $12.3 million total with interest.
- Public hearing on June 23, 2023 at 10:00 AM at 10610 South Jordan Gateway, Suite 200, South Jordan, UT 84095 or via Zoom
- Issuance of up to $6,000,000 in Limited Tax General Obligation Bonds (Series 2023A-1 and 2023B)
- Bonds to mature in up to 31 years, with taxes imposed for up to 40 years
- Estimated total principal and interest cost: $9,813,606 (Senior) and $2,530,219 (Subordinate)
- 30-day contest period for the legality of the bonds
Chelsey Public Infrastructure District No. 1
This is a notice, not a meeting agenda, for the Chelsey Public Infrastructure District No. 1. The agenda text states 'Not applicable' and the only item is a posted Assessment Ordinance for 2023, with the relevant document attached. No decisions or discussions are listed.
- Assessment Ordinance - Chelsey PID 2023 (POSTED).pdf attached