Desert Edge Public Infrastructure District No. 1 public meetings in 2025
9 substantive meetings from 2025, with official agendas or minutes and plain-English summaries.
Desert Edge Public Infrastructure District No. 1
The Board of Trustees will hold a public hearing on the tentative 2026 operating and capital budget. The board will also consider the dissolution of Desert Hills Public Infrastructure District Nos. 2-3 and the renewal of several professional service contracts.
- Public hearing and potential adoption of the final 2026 operating and capital budget (Resolution 2025-06)
- Proposed dissolution of Desert Hills Public Infrastructure District Nos. 2-3 (Resolution 2025-07)
- Renewal of engagement for York Howell (District Counsel) and Pinnacle Consulting (District Accountant)
- Authorization to request proposals and select a firm for the 2025 audit
- Consideration of engaging a district management firm
Desert Edge Public Infrastructure District No. 1
The Board of Trustees of Desert Edge Public Infrastructure District No. 1 will hold a public hearing to discuss the district's tentative budget. The board intends to adopt the tentative operating and capital budget for calendar year 2026 as the final budget.
- Public hearing to adopt the final operating and capital budget for calendar year 2026
Desert Edge Public Infrastructure District No. 1
The Desert Edge Public Infrastructure District Board will meet to approve Q3 financial statements, consider a resolution to replace a trustee, and adopt a tentative 2026 budget. The meeting will also include a public hearing on the budget.
- Approve draft minutes from August 22, 2025
- Accept Q3 financial statements for 2025
- Adopt Resolution 2025-05 to amend governing document and replace trustee
- Adopt tentative operating and capital budget for 2026
- Set public hearing for 2026 budget
Desert Edge Public Infrastructure District No. 1
The Desert Edge Public Infrastructure District No. 1 Board of Trustees will hold a special meeting on August 22, 2025, at 10:00 AM in South Jordan, Utah. The board will review and act on routine administrative items, including approving past meeting minutes, payment applications, and Q2 financial statements for 2025. No major policy decisions are listed on the agenda.
- Approve draft minutes from March 24, 2025 meeting
- Approve and ratify payment applications and requisition requests since last meeting
- Consider accepting Q2 financial statements for calendar year 2025
Desert Edge Public Infrastructure District No. 1
The Board of Trustees of Desert Edge Public Infrastructure District No. 1 will hold a public hearing to discuss the district's tentative budget. The board intends to adopt the tentative operating and capital budget for calendar year 2025 as the final budget.
- Public hearing to adopt the final operating and capital budget for calendar year 2025
Desert Edge Public Infrastructure District No. 1
The board will hold a public hearing on the tentative 2025 operating and capital budget, then consider adopting it as final via Resolution 2025-04. They will also consider a finding that the district's anticipated residential unit count is 700. The meeting includes approval of draft minutes from March 11, 2025.
- Public hearing on tentative operating and capital budget for calendar year 2025
- Consider adoption of Resolution 2025-04 adopting final budget for 2025
- Consider finding that anticipated residential units within district is 700
- Approve draft minutes of board meeting held March 11, 2025
Desert Edge Public Infrastructure District No. 1
The Desert Edge Public Infrastructure District No. 1 Board will hold a public hearing on March 11, 2025, to receive input on issuing up to $12 million in Limited Tax General Obligation Bonds (Series 2025A and 2025B). The bonds would finance public infrastructure, with repayment from property taxes and pioneering agreement revenues. The total estimated principal and interest cost is approximately $25.3 million over up to 31 years. Currently, the district has $0 in outstanding bonds secured by the pledged revenues.
- Proposed issuance of up to $12,000,000 in combined Limited Tax General Obligation Bonds, Series 2025A (Senior) and 2025B (Subordinate)
- Public hearing scheduled for March 11, 2025 at 10:00 AM via Zoom (Meeting ID: 886 7311 3158, Passcode: 939944)
- Bonds would mature in no more than 31 years with interest capped at 12% per annum
- Total estimated principal and interest cost: $17,029,815 (Series 2025A) and $8,279,078 (Series 2025B)
- District currently has $0 outstanding bonds secured by the same pledged revenues
Desert Edge Public Infrastructure District No. 1
The Desert Edge Public Infrastructure District No. 1 will discuss changes to proposed general obligation bonds and consider a resolution to annex property. The board will also review the tentative 2025 operating and capital budget.
- Public hearing on Limited Tax General Obligation Bonds, Series 2025A and Subordinate Limited Tax General Obligation Bonds, Series 2025B
- Resolution 2025-03 to authorize the annexation of property within the Annexation Area
- Adoption of the tentative operating and capital budget for calendar year 2025
- Discussion of adding a convertible capital appreciation bond to the bond structure
Desert Edge Public Infrastructure District No. 1
The Desert Edge Public Infrastructure District No. 1 Board of Trustees will meet to discuss bond issuance, property annexation, and agreements with LGI Homes - Utah, LLC. The board will also consider reducing the number of Trustees from five to three.
- Resolution 2025-01: Issuance and sale of bonds not to exceed $12,000,000
- Funding and Infrastructure Acquisition agreements with LGI Homes - Utah, LLC
- Resolution 2025-02: Annexation of property into the District
- Resolution 2025-03: Reducing Board of Trustees from five members to three
- Engagement agreements with The Connextion Group, Pinnacle Consulting Group, Inc., Zions Public Finance, Inc., and D.A. Davidson