Viridian Farm Public Infrastructure District 1 public meetings in 2024
8 substantive meetings from 2024, with official agendas or minutes and plain-English summaries.
Viridian Farm Public Infrastructure District 1
The Viridian Farm PID No. 1 Board of Trustees will hold a public hearing and special meeting to consider adopting the 2025 budget via Budget Resolution 2024-09. The board will also vote on the 2025 annual meeting schedule and approve minutes from a prior meeting. A training on open public meetings is scheduled.
- Public hearing on the 2025 budget
- Consider adoption of Budget Resolution 2024-09 adopting the 2025 budget
- Adoption of the 2025 annual meeting schedule
- Approval of December 6, 2024 meeting minutes
- Open Public Meeting Training
Viridian Farm Public Infrastructure District 1
The Viridian Farm Public Infrastructure District 1 Board of Trustees will hold a public hearing to review the Tentative Budget and consider adopting the Final Budget for Calendar Year 2025. Public comment will be accepted in person at the meeting or via Zoom. The board may take final action on the budget.
- Public hearing to receive comment on the Tentative Budget for 2025
- Consideration of adoption of the Final Budget for Calendar Year 2025
- Meeting location: Snow Jensen & Reece, 912 W 1600 S Suite B-200, St. George, UT
- Virtual participation available via Zoom (Meeting ID: 824 9966 8804, Passcode: 866537)
- Motions for final action may be taken on budget items
Viridian Farm Public Infrastructure District 1
The Viridian Farm Public Infrastructure District 1 Board of Trustees will hold a special meeting to consider approving the tentative 2025 budget prepared by CLA and accepting third-quarter financial statements. The board will also vote on draft minutes from the October 8, 2024 meeting. Public comment will be taken.
- Consider approving the Tentative 2025 Budget prepared by CLA
- Consider accepting Third Quarter Financial Statements as outlined by CLA
- Consider approval of draft minutes from October 8, 2024 meeting
Viridian Farm Public Infrastructure District 1
The Viridian Farm Public Infrastructure District No. 1 Board of Trustees will hold a special meeting to consider two action items: a resolution to approve a requisition of the bond project fund for reimbursing eligible public infrastructure costs, and an administrative funding and reimbursement agreement with DR Horton Inc. The board will also consider approving draft minutes from the July 10, 2024 meeting.
- Consider approval of Resolution 2024-08 for bond fund requisition to reimburse public infrastructure costs
- Consider approval of Administrative Funding and Reimbursement Agreement between the District and DR Horton Inc.
- Consider approval of draft minutes from the July 10, 2024 meeting
- Meeting to be held at Snow Jensen & Reece, P.C., 912 W. 1600 S., Suite B-200, St. George, UT
- Public comment period included
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 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
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 of Viridian Farm Public Infrastructure Districts 1-3 will hold a combined special meeting to organize their boards, adopt governing rules and policies, and consider several resolutions related to financing public improvements. District No. 1 will specifically consider resolutions to reimburse the developer with bond proceeds, ratify contracts with Wells Fargo, Tierra Municipal Advisors, and Zonda Advisors, and authorize liability insurance and public officials' bonds.
- Resolution 2024-05 (District 1): declare intent to reimburse developer for public improvements with tax-exempt bond proceeds
- Ratify bond underwriting agreement with Wells Fargo Corporate & Investment Banking
- Ratify municipal advisory agreement with Tierra Municipal Advisors, LLC
- Ratify market study agreement with Zonda Advisors
- Authorize general liability insurance (min. $2M coverage, premium ≤ $3,500) and public officials' bonds ($250K treasurer, $100K others)