Iron Horse Public Infrastructure District public meetings in 2024
10 substantive meetings from 2024, with official agendas or minutes and plain-English summaries.
Board of Trustees
The Iron Horse Public Infrastructure District 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 Tentative Budget and consider adoption of Final Budget for Calendar Year 2025
Board of Trustees
The Board of Trustees will hold a public hearing and special meeting to discuss and adopt the 2025 budget. The board will also consider an annexation resolution and the 2025 meeting schedule.
- Public hearing for the 2025 Budget
- Budget Resolution 2024-10 to adopt the 2025 Budget
- Annexation Resolution 2024-11
- Adoption of the 2025 Annual Meeting Schedule
Board of Trustees
The Iron Horse Public Infrastructure District Board of Trustees will hold a special meeting to consider accepting the third-quarter financial statements and approving the tentative 2025 budget prepared by CLA. The board will also vote on minutes from the May 2024 meeting. This is a routine financial review and budget adoption meeting.
- Approve minutes from the May 6, 2024 board meeting
- Accept Third Quarter Financial Statements as outlined by CLA
- Consider approval of the Tentative 2025 Budget prepared by CLA
Board of Trustees
The Iron Horse Public Infrastructure District Board of Trustees will hold a special meeting to consider approving Resolution 2024-09, which authorizes the issuance and sale of up to $15,000,000 in Special Assessment Bonds, Series 2024, for Iron Horse Assessment Area #1. The board will also consider approving agreements with Zions Public Finance and D.A. Davidson, and a tentative 2024 budget.
- Resolution 2024-09 authorizing up to $15,000,000 in Special Assessment Bonds, Series 2024
- Engagement agreement with Zions Public Finance for bond pricing certificate
- Placement Agent Agreement with D.A. Davidson
- Tentative 2024 budget proposed by CLA
- Approve minutes of April 24, 2024 board meeting
Board of Trustees
The Iron Horse Public Infrastructure District Board of Trustees is authorizing the issuance of up to $15 million in special assessment bonds to finance public infrastructure. The bonds will be repaid through assessments on property within the district. The total estimated principal and interest cost is about $33.2 million. A 30-day public comment period to contest the bonds begins after the notice is posted.
- Authorizes issuance of Special Assessment Bonds (Iron Horse Assessment Area #1), Series 2024, up to $15,000,000
- Bonds mature in up to 30 years, with interest rates not exceeding 12% per annum
- Total estimated principal and interest cost: approximately $33,238,854.43
- Bonds payable from special assessments on property within the district
- 30-day period to contest the legality of the resolution, indenture, or bonds
Board of Trustees
The Iron Horse Public Infrastructure District Board of Trustees is considering Resolution 2024-08, which would establish the Iron Horse Assessment Area #1 to finance up to $15,000,000 in public infrastructure improvements. The resolution authorizes the execution of a Designation Resolution and Assessment Ordinance, approves an appraisal, and allows a designated officer to finalize terms with property owner consent. The resolution takes effect only after all property owners in the area sign consent agreements.
- Authorizes up to $15,000,000 in improvements for Iron Horse Assessment Area #1
- Approves the appraisal for the assessment area
- Allows Chair, Vice Chair, or Treasurer to finalize Designation Resolution and Assessment Ordinance
- Resolution contingent on consent from all property owners in the assessment area
- Declares intent to issue tax-exempt Series 2024 Bonds up to $15,000,000
Board of Trustees
The Iron Horse Public Infrastructure District Board of Trustees is considering a resolution to designate Iron Horse Assessment Area #1 to finance approximately $15 million in public infrastructure improvements for a 1,377-acre residential and commercial development. The resolution outlines the assessment methodology, bond issuance, and property owner consent. The meeting is scheduled for May 2, 2024.
- Designation of Iron Horse Assessment Area #1 for infrastructure improvements
- Estimated $15,000,000 in improvements financed by assessments and bonds
- Assessments: $8,700,000 for residential zone (397.8 ERUs at $21,870.29 per ERU) and $6,300,000 for excess property zone (700 acres at $9,000 per acre)
- Improvements include sewer, water, roads, storm drains, and amenities
- Bonds estimated at 6.25% interest, maturing within 30 years
Board of Trustees
The Iron Horse Public Infrastructure District Board of Trustees is considering an assessment ordinance to finance up to $15 million in public infrastructure for the Iron Horse Development, a 1,377-acre residential and commercial project. The ordinance levies assessments on properties in Iron Horse Assessment Area #1, with costs allocated via an ERU methodology for residential lots and a per-acre methodology for vacant land. The board will confirm the assessment list and set payment terms, including direct billing and potential additional assessments if costs exceed estimates.
- Assessment ordinance for Iron Horse Assessment Area #1, up to $15,000,000
- Infrastructure includes sewer, water, roads, storm drains, and amenities
- Residential Zone: $8,700,000 via ERU methodology, $21,870.29 per ERU
- Excess Property Zone: $6,300,000 via acreage methodology, $9,000 per acre
- Assessments billed quarterly, due Jan 1, Apr 1, Jul 1, Oct 1
Board of Trustees
The Iron Horse Public Infrastructure District Board of Trustees will hold a special meeting to consider four resolutions: re-approving annexation of about 1,360.426 acres and withdrawal of about 1.76 acres, approving reimbursement of infrastructure costs with tax-exempt bond proceeds, and establishing an assessment ordinance for Iron Horse Assessment Area #1. The board will also approve minutes from its April 5, 2024 meeting and take public comment.
- Re-approval of Resolution 2024-05 to certify petition annexing ~1,360.426 acres into the district
- Re-approval of Resolution 2024-06 to certify petition withdrawing ~1.76 acres from the district
- Resolution 2024-07 to reimburse public improvement expenditures with tax-exempt bond proceeds
- Resolution 2024-08 establishing terms for Iron Horse Assessment Area #1 assessment ordinance and appraisal
- Approve minutes of April 5, 2024 board meeting
Board of Trustees
The Board of Trustees will hold a special meeting to elect district officers, including a Chair, Treasurer, and Clerk. The board is also considering several resolutions regarding administrative policies, insurance coverage, and land petitions for annexation and withdrawal.
- Election of District Chair, Treasurer/Vice Chair, and Clerk/Secretary
- Resolution 2024-05: Petition to annex approximately 1360.426 acres into the District
- Resolution 2024-06: Petition to withdraw approximately 1.76 acres from the District
- Authorization of a General Liability Policy with minimum $2 million aggregate coverage
- Engagement agreement for legal services with Snow Jensen & Reece, PC