Oculta Roca Public Infrastructure District No.1 public meetings in 2025
3 substantive meetings from 2025, with official agendas or minutes and plain-English summaries.
Oculta Roca Public Infrastructure District No.1
The Oculta Roca Public Infrastructure District No. 1 Board of Trustees will hold a public hearing to receive input on the issuance of bonds. The board will also discuss the potential economic impact the bond-financed project may have on the private sector.
- Public hearing regarding the issuance of Bonds
- Discussion of economic impact of the project financed by Bonds on the private sector
- Approval of Board Meeting Minutes from January 17, 2025
Oculta Roca Public Infrastructure District No.1
The Oculta Roca Public Infrastructure District No.1 Board of Trustees is holding a public hearing on February 10, 2025, to receive input on the proposed issuance of up to $35 million in Limited Tax General Obligation Bonds (Series 2025). The bonds would finance public infrastructure, capitalized interest, a reserve fund, and issuance costs, with an estimated total principal and interest cost of approximately $77.16 million. The hearing also considers potential economic impacts on the private sector.
- Proposed bond amount: up to $35,000,000 in Limited Tax General Obligation Bonds, Series 2025
- Maximum interest rate: 12.0% per annum; bond price not less than 95% of principal
- Maturity: up to 31 years; taxes imposed for up to 40 years
- Pledged revenues: ad valorem property taxes (max 0.010 per dollar of taxable value) and pioneering agreement revenues
- Current outstanding bonds secured by pledged revenues: $0
Oculta Roca Public Infrastructure District No.1
The Oculta Roca Public Infrastructure District No. 1 Board of Trustees will meet to establish administrative policies and elect officers. The board is considering the authorization of limited tax general obligation bonds and several agreements with developers and the Town of Apple Valley.
- Resolution 2025-05: Authorization of Limited Tax General Obligation Bonds, Series 2025, not to exceed $15,000,000
- Infrastructure Acquisition and Reimbursement Agreement between the District and Developer
- Administrative Funding and Reimbursement Agreement between the District and Developer
- Resolution 2025-06: Interlocal agreement between the District and the Town of Apple Valley
- Engagement agreements for bond underwriting with D.A. Davidson & Co. and legal services with Snow Jensen & Reece, PC