Verk Industrial Regional Public Infrastructure District public meetings in 2025
13 substantive meetings from 2025, with official agendas or minutes and plain-English summaries.
Board of Trustees
The Board of Trustees will meet to consider the approval of previous meeting minutes and review unaudited financial statements from September 30, 2025. The meeting includes time for public comment and potential closed sessions for legal or real property matters.
- Approval of minutes from the September 17, 2025 special board meeting
- Review and acceptance of September 30, 2025 Unaudited Financial Statements
Board of Trustees
The Verk Industrial Regional Public Infrastructure District Board of Trustees will meet on September 17, 2025, to review and potentially approve minutes from the August 19 meeting, a reimbursement agreement with GLH, and a resolution ratifying a previously approved motion to reimburse Spanish Fork City up to $27,500,000. The meeting will also include public comment and administrative updates.
- Review and approval of minutes from August 19, 2025 special board meeting
- Consideration of reimbursement agreement with GLH (enclosure)
- Adoption of resolution ratifying $27,500,000 reimbursement to Spanish Fork City
Board of Trustees
The Verk Industrial Regional Public Infrastructure District Board of Trustees will meet to discuss financial and insurance matters. The board will consider adopting a new trust agreement and approving policies regarding fund usage and finance costs.
- Resolution Approving Amended & Restated Agreement Creating the Utah Local Government Trust
- Policy regarding Finance Costs Procedures
- Policy Regarding Usage of District Funds
- Reimbursement request from GLH
- Reimbursement agreements and general reimbursement process
Board of Trustees
The Board of Trustees will discuss financial updates and consider amendments to the General Fund, Debt Service Fund, and Capital Project Fund budgets for fiscal year 2025-2026. The board will also review policies regarding finance costs and district banking.
- Public hearing on budget amendments for General Fund, Debt Service Fund, and Capital Project Fund (FY 2025-2026)
- Approval of initial reimbursement to Spanish Fork City from Bond Proceeds
- Resolution to change District Bylaws from a calendar year to a fiscal year
- Approval of Policy regarding Finance Costs Procedures
- Authorization to open a District bank account and designate signers
Board of Trustees
The Board of Trustees is posting a Tax Sharing Agreement in accordance with the Interlocal Cooperation Act and the provisions of the agreement. The notice provides a public information handout regarding the executed agreement.
- Executed Tax Sharing Agreement
Board of Trustees
The Verk Industrial Regional Public Infrastructure District Board of Trustees will discuss financial updates and the opening of a district bank account. The Board is considering amendments to the General Fund, Debt Service Fund, and Capital Project Fund budgets.
- Proposed budget amendments for General Fund, Debt Service Fund, and Capital Project Fund (FY 2025-2026)
- Authorization to open a District bank account and designate signers
- Review of minutes from the June 3, 2025, special board meeting
- Update on insurance matters
- Financial and bond update
Board of Trustees
The Board of Trustees will hold a special meeting to adopt budgets for the 2024-2025 and 2025-2026 fiscal years. The meeting includes public hearings on both budget cycles.
- Public hearing on FY25 Budget
- Public hearing on FY26 Budget
- Resolution to adopt the Fiscal Year 2024-2025 budget
- Resolution to adopt the Fiscal Year 2025-2026 budget
- Discussion on financial/bond updates
Board of Trustees
The Verk Industrial Regional Public Infrastructure District Board of Trustees will hold a public hearing to consider proposed budgets. The discussion covers fiscal years 2024-2025 and 2025-2026.
- Public hearing on proposed budgets for fiscal years 2024-2025 and 2025-2026
Board of Trustees
The Verk Industrial Regional Public Infrastructure District Board of Trustees will meet to approve minutes from the May 1, 2025 meeting and discuss the timing of the district fiscal year and Bylaw XVIII. The board will also consider adopting tentative budgets for fiscal years 2024-2025 and 2025-2026 and set dates for public hearings and final budget approvals.
- Approve minutes from May 1, 2025 meeting
- Adopt tentative budget for fiscal year 2024-2025
- Adopt tentative budget for fiscal year 2025-2026
- Discuss and select District Accountant/Administrator
Board of Trustees
The Verk Industrial Regional Public Infrastructure District Board of Trustees is holding a public hearing on May 1, 2025, to receive input on issuing up to $100 million in Tax Differential Bonds, Series 2025. The board adopted a resolution on April 8, 2025, authorizing the bonds to finance public infrastructure, capitalized interest, reserves, and issuance costs. The bonds would be repaid from tax differentials pledged by the Utah Inland Port Authority. The agenda contains only this bond-related public hearing and no other business items.
- Public hearing on issuance of up to $100,000,000 in Tax Differential Bonds, Series 2025
- Estimated total principal and interest cost of the bonds: $120,206,550
- Bonds payable from tax differentials pledged by the Utah Inland Port Authority
- Resolution authorizing bonds adopted April 8, 2025
- Currently $0 in outstanding bonds secured by the pledged revenues
Board of Trustees
This meeting has been cancelled, as indicated on the public notice. The agenda would have included a public hearing on the issuance of Tax Differential Bonds, Series 2025, and the selection of a Bond Trustee, General Counsel, Accountant/Administrator, and District Engineer.
- Public hearing on Tax Differential Bonds, Series 2025
- Selection and engagement of Bond Trustee
- Selection and engagement of District General Counsel
- Selection and engagement of District Accountant/Administrator
- Selection and engagement of District Engineer
Board of Trustees
The Verk Industrial Regional Public Infrastructure District Board of Trustees will hold a special meeting on April 8, 2025. The board is considering approval of Resolution 2025-07 authorizing the issuance and sale of tax differential bonds not to exceed $100,000,000. Other items include administering oaths of office for remaining trustees, approving meeting minutes, and board training on open meetings and state auditor requirements.
- Consider approval of Resolution 2025-07 authorizing up to $100,000,000 in tax differential bonds
- Administer oaths of office for remaining trustees
- Approve minutes from the March 25, 2025 meeting
- Board training on the Open and Public Meetings Act
- Training required by the state auditor for new board members
Board of Trustees
The Board of Trustees will hold a special meeting to elect officers and adopt foundational rules, bylaws, and records policies. The board will also consider several professional engagement agreements for bond underwriting, municipal advisory, and legal services.
- Election of District Chair, Vice Chair, Treasurer, and Clerk/Secretary
- Approval of an interlocal agreement with the Utah Inland Port Authority
- Authorization of a $250,000 public officials' bond for the District Treasurer
- Engagement agreements with D.A. Davidson, Zions Public Finance, Inc., and Gilmore & Bell, P.C.
- Authorization of General Liability policy proposals with minimum aggregate coverage of $5 million