Oquirrh Point Public Infrastructure District No. 1 public meetings in 2024
8 substantive meetings from 2024, with official agendas or minutes and plain-English summaries.
Oquirrh Point Public Infrastructure District No. 1
The Board of Trustees will hold a public hearing to review the District's Tentative Budget. The board will consider the adoption of the Final Budget for Calendar Year 2025.
- Public hearing to review and receive comment on the Tentative Budget
- Consideration for adoption of the Final Budget for Calendar Year 2025
Oquirrh Point Public Infrastructure District No. 1
The Oquirrh Point Public Infrastructure District No. 1 Board of Trustees will hold a public hearing and special meeting to consider adopting the 2025 Budget via Resolution 2024-06, and to approve the 2025 annual meeting schedule. The meeting also includes a public comment period, approval of prior minutes, and open meeting training.
- Public hearing on the 2025 Budget
- Consider adoption of Budget Resolution 2024-06 for the 2025 Budget
- Adoption of the 2025 Annual Meeting Schedule
- Approve minutes of the November 26, 2024 Board meeting
Oquirrh Point Public Infrastructure District No. 1
The Oquirrh Point Improvement District and Oquirrh Point Public Infrastructure District No. 1 boards will hold a joint special meeting to consider approving their 2025 budgets. Action items include a tentative 2025 budget for the Infrastructure District as outlined by CLA, and a $0.00 initial tentative budget for the Improvement District. The boards will also vote on minutes from their September 19, 2024 meetings.
- Approve minutes of Oquirrh Point Public Infrastructure District No.1 meeting held September 19, 2024
- Approve minutes of Oquirrh Point Improvement District meeting held September 19, 2024
- Consider approval of Tentative 2025 Budget for Oquirrh Point Public Infrastructure District No.1 as outlined by CLA
- Consider approval of $0.00 Initial Tentative 2025 Budget for Oquirrh Point Improvement District
Oquirrh Point Public Infrastructure District No. 1
The Board of Trustees is holding a special meeting to discuss district expansion. The primary action item is the certification of a petition to annex land into the district.
- Resolution 2024-05: Petition for annexing approximately 283.28 acres into the District
- Approval of meeting minutes from September 11, 2024
Oquirrh Point Public Infrastructure District No. 1
Oquirrh Point Public Infrastructure District No. 1 will hold a public hearing to receive input on issuing up to $15 million in limited tax general obligation bonds (Series 2024A Senior and 2024B Subordinate) to finance public infrastructure. The board adopted a resolution authorizing the bonds on August 22, 2024. The estimated total principal and interest cost is approximately $28 million for the senior bonds and $7.2 million for the subordinate bonds. The bonds would be repaid from ad valorem property taxes.
- Proposed issuance of up to $15,000,000 in combined principal amount of bonds
- Bonds divided into Series 2024A Senior and Series 2024B Subordinate
- Estimated total interest cost: $28,016,852 (senior) and $7,228,865 (subordinate)
- Bonds payable from ad valorem property taxes and pioneering agreement revenues
- No existing bonds outstanding secured by the pledged revenues
Oquirrh Point Public Infrastructure District No. 1
The Oquirrh Point Public Infrastructure District No. 1 Board of Trustees will hold a special meeting including a public hearing on issuing Limited Tax General Obligation Bonds (Series 2024A Senior and 2024B Subordinate) and discussing potential economic impacts. They will also consider approving the minutes from August 22, 2024.
- Public hearing on the issuance of Series 2024A Senior Bonds and Series 2024B Subordinate Bonds
- Discussion of potential economic impact of the project financed by bond proceeds on the private sector
- Consideration and approval of August 22, 2024 meeting minutes
Oquirrh Point Public Infrastructure District No. 1
The Oquirrh Point Public Infrastructure District No. 1 is holding a joint special meeting to discuss financing and expansion. The board will consider authorizing bonds for infrastructure and annexing approximately 283.21 acres into the district.
- Resolution 2024-06: Authorization of Limited Tax General Obligation Bonds not to exceed $15,000,000
- Resolution 2024-05: Petition for annexing approximately 283.21 acres into the District
- Infrastructure Acquisition and Reimbursement Agreement with Developer
- Funding and Reimbursement Agreement with Developer
- Engagement letter with CLA
Oquirrh Point Public Infrastructure District No. 1
The Oquirrh Point Public Infrastructure District No. 1 Board of Trustees will hold a joint special meeting with Districts 2, 3, and 4 to consider approving meeting minutes and a resolution declaring intent to reimburse itself for public improvement expenditures with tax-exempt bond proceeds. The meeting is scheduled for April 12, 2024, at 10:00 AM in St. George, Utah.
- Consider approval of meeting minutes from November 3, 2023
- Consider Resolution 2024-04 to reimburse expenditures with tax-exempt bond proceeds
- Public comment period
- Meeting held jointly with Districts 2, 3, and 4
- Zoom participation available