Viridian Farm Public Infrastructure District 1 public meetings in 2024
3 substantive meetings from 2024, with official agendas or minutes and plain-English summaries.
Viridian Farm Public Infrastructure District 1
The Board of Trustees will hold a public hearing regarding the issuance of Limited Tax General Obligation Bonds, Series 2024A and 2024B. The meeting includes a discussion on the potential economic impact of the project on the private sector. Additionally, the board will consider ratifying an engagement letter with Causey Demgen & Moore P.C.
- Public hearing for Series 2024A Senior Bonds and Series 2024B Subordinate Bonds
- Discussion of economic impact on the private sector
- Ratification of engagement letter with Causey Demgen & Moore P.C.
- Approval of June 14, 2024 meeting minutes
Viridian Farm Public Infrastructure District 1
The Board of Trustees will hold a public hearing on July 10, 2024, regarding the issuance of Series 2024A and 2024B bonds. These bonds are intended to finance public infrastructure, capitalized interest, and related issuance costs. The hearing will also address potential economic impacts on the private sector.
- Issuance of Series 2024A Senior and 2024B Subordinate Bonds
- Proposed bond principal amount up to $13,500,000
- Estimated total cost for 2024A Senior Bonds is approximately $28,507,040
- Estimated total cost for 2024B Subordinate Bonds is approximately $7,536,461
- Pledged revenues include property taxes at a maximum rate of 0.005 per dollar
Viridian Farm Public Infrastructure District 1
The boards of trustees for Viridian Farm Public Infrastructure Districts 1-3 will meet to discuss land boundary changes and bond issuances. The agenda includes proposals to annex acreage into District 1 and withdraw acreage from all three districts. Additionally, the board will consider authorizing the sale of up to $12 million in bonds.
- Authorization of up to $12,000,000 in limited tax general obligation bonds for District 1
- Annexation of approximately 57.19 acres into District 1 boundaries
- Withdrawal of approximately 78.04 acres from District 1 boundaries
- Withdrawal of approximately 55.56 acres from District 2 boundaries
- Withdrawal of approximately 1.63 acres from District 3 boundaries