Pointe West Public Infrastructure District public meetings in 2024
12 substantive meetings from 2024, with official agendas or minutes and plain-English summaries.
Board of Trustees
The Board of Trustees of Pointe West Public Infrastructure District will hold a public hearing to review and receive public comment on the tentative budget and consider adoption of the final budget for calendar year 2025. No other items are listed on the agenda. The meeting will be held in person with Zoom simulcast.
- Public hearing to receive comment on tentative 2025 budget and consider final adoption
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 determine the 2025 annual meeting schedule.
- Public hearing for the 2025 Budget
- Consideration of Budget Resolution 2024-07 to adopt the 2025 Budget
- Adoption of the 2025 Annual Meeting Schedule
- Approval of November 25, 2024 meeting minutes
Board of Trustees
The Pointe West Public Infrastructure District Board of Trustees will meet to discuss financial planning for the upcoming year. The board is scheduled to consider the approval of a tentative 2025 budget prepared by CLA.
- Approval of Tentative 2025 Budget prepared by CLA
- Approval of draft minutes from the September 27, 2024 meeting
Board of Trustees
The Pointe West Public Infrastructure District Board of Trustees will hold a special meeting to consider Resolution 2024-06A, which would certify a petition to withdraw approximately 19.01 acres from the district. The board will also vote on draft minutes from the August 19, 2024 meeting. Other agenda items include public comment and discussion of additional board matters.
- Resolution 2024-06A: Consider certifying a Petition for Withdrawal of ~19.01 acres from the district
- Consider approval of draft minutes from August 19, 2024 board meeting
- Public comment period
- Discussion of other items from board members
Board of Trustees
The Board will consider and potentially adopt a resolution authorizing the issuance of up to $3,090,000 in Special Assessment Bonds, Series 2024, to finance publicly owned infrastructure improvements in Pointe West Assessment Area No. 1. The resolution sets parameters including a maximum interest rate of 12% and a 30-year maturity, and delegates to officers the authority to finalize terms within those limits. The bonds are payable solely from special assessments, not general district obligations.
- Authorization to issue up to $3,090,000 in Special Assessment Bonds, Series 2024 (Pointe West Assessment Area No. 1)
- Bonds to finance publicly owned infrastructure improvements, including capitalized interest and a bond-funded reserve fund
- Maximum interest rate of 12% per annum, maximum maturity of 30 years, minimum sale price of 95% of par
- Delegation to designated officers to approve final bond terms within set parameters
- Approval of related documents: Indenture of Trust, Bond Purchase Agreement with D.A. Davidson & Co., Preliminary Limited Offering Memorandum, Continuing Disclosure Agreement, Completion Agreement, and Collateral Assignment Agreement
Board of Trustees
The Pointe West Public Infrastructure District Board of Trustees is meeting to consider the issuance of special assessment bonds and the withdrawal of land from the district. The board will also review infrastructure and funding agreements with a developer.
- Resolution 2024-07: Issuance and sale of Special Assessment Bonds, Series 2024, not to exceed $3,090,000
- Resolution 2024-06: Petition for withdrawal of approximately 19.01 acres from the District
- Approval of Infrastructure Acquisition and Reimbursement Agreement between the District and Developer
- Approval of Funding and Reimbursement Agreement between the District and Developer
Board of Trustees
The August 16, 2024, special meeting of the Pointe West Public Infrastructure District Board of Trustees was canceled. The agenda had included a proposed withdrawal of 19.01 acres from the district and authorization of up to $3,090,000 in special assessment bonds, but no action was taken.
- Resolution 2024-06 to certify withdrawal of approx. 19.01 acres from the district (canceled)
- Resolution 2024-07 authorizing up to $3,090,000 in Series 2024 special assessment bonds (canceled)
- Consideration of Infrastructure Acquisition and Reimbursement Agreement with developer (canceled)
- Consideration of Funding and Reimbursement Agreement with developer (canceled)
Board of Trustees
The Board of Trustees meeting scheduled for July 11, 2024, was cancelled. The proposed agenda included resolutions regarding bond parameters and documents related to a bond closing.
- Resolution No. 2024-06: Bond parameters for Pointe West
- Resolution No. 2024-07: Documents related to bond closing
- Resolution No. 2024-08: Documents related to bond closing
- Approval of June 26, 2024, meeting minutes
Board of Trustees
The Board is reviewing a resolution to designate an assessment area to finance infrastructure improvements for a 45-acre residential development. The project includes sewer, water, road, and storm drain improvements. Funding will be provided through property assessments and the issuance of assessment bonds.
- Designation of Pointe West Assessment Area No. 1
- Estimated $10,785,523 for infrastructure improvements including sewer, water, roads, and storm drains
- Proposed $3,090,000 in assessments to be levied against properties within the area
- Assessment rate of $27,837.84 per Equivalent Residential Unit (ERU)
- Issuance of assessment bonds at an estimated 6.69% interest rate
Board of Trustees
The Board is confirming an ordinance to levy assessments within Pointe West Assessment Area No. 1. These funds will finance sewer, water, road, and storm drain improvements for a 45-acre residential development.
- Levy of $3,090,000 in assessments for infrastructure improvements
- Total estimated cost for improvements is $10,785,523
- Assessment rate set at $27,837.84 per Equivalent Residential Unit (ERU)
- Infrastructure includes sewer, water, roads, and storm drains
Board of Trustees
The Board of Trustees will consider Resolution No. 2024-05 to establish terms and conditions for an assessment ordinance in the Pointe West Assessment Area No. 1. This action includes approving an appraisal and authorizing related resolutions. The board will also review minutes from the May 23, 2024 meeting.
- Resolution No. 2024-05 regarding Pointe West Assessment Area No. 1 ordinance
- Approval of assessment area appraisal
- Approval of draft minutes from the May 23, 2024 board meeting
Board of Trustees
The Pointe West Public Infrastructure District Board of Trustees is holding a special meeting to organize itself and approve foundational documents. The board will elect officers, adopt rules and policies, and consider several contracts, including legal services and a placement agent agreement. This is a special meeting with a full agenda of action items.
- Election of District Chair, Treasurer/Vice Chair, and Clerk/Secretary
- Consider approval of Resolution 2024-01 adopting Rules of Order
- Consider approval of Resolution 2024-03 adopting District Bylaws, including Ethics and Fraud Prevention Policies
- Consider authorizing general liability policy with minimum $5 million aggregate coverage from Utah Local Governments Trust
- Consider approval of engagement agreement for legal services with Snow Jensen & Reece, PC