Downtown Revitalization Public Infrastructure District public meetings in 2025
9 substantive meetings from 2025, with official agendas or minutes and plain-English summaries.
Downtown Revitalization Public Infrastructure District Board
The Downtown Revitalization Public Infrastructure District Board will hold a budget public hearing and board meeting on December 29, 2025, to receive public comment and consider adopting an amendment to the 2025 debt service fund budget and the final 2026 budget. The board will also consider approving minutes, creating bank accounts for sales tax deposits, and selecting an auditor.
- Public hearing and adoption of 2025 budget amendment (debt service fund)
- Public hearing and adoption of final 2026 budget
- Approval of minutes from December 19, 2025 meeting
- Creation of bank accounts for fifth-fifth sales taxes and related revenues
- Approval of an auditor for the District
Downtown Revitalization Public Infrastructure District Board
The Downtown Revitalization Public Infrastructure District Board will hold public hearings on December 29, 2025, to review and receive comment on an amendment to the 2025 budget (specifically the debt service fund) and the 2026 tentative budget. The board may take final action on both items. The meeting will be held in person and via Microsoft Teams.
- Public hearing on amendment to 2025 debt service fund budget
- Public hearing on 2026 tentative budget and possible adoption
- Meeting at Gilmore & Bell P.C., 15 West South Temple Street, Suite 1400, Salt Lake City
- Electronic participation via Microsoft Teams and phone
Downtown Revitalization Public Infrastructure District Board
The Downtown Revitalization Public Infrastructure District Board will hold a special meeting to consider several financial actions, including amending the 2025 budget, setting hearing dates for budget amendments, and discussing the 2026 tentative and final budgets. The board will also consider a resolution to reimburse itself for Salt Palace Convention Center improvement costs with future bond proceeds, and discuss a request for proposals for an auditor.
- Consider resolution to reimburse itself for Salt Palace Convention Center improvement costs with bond proceeds
- Amend 2025 debt service fund budget
- Set hearing date for 2025 final budget amendment
- Consider accepting 2026 tentative budget and discuss final budget adoption
- Discuss request for proposal for auditor
Downtown Revitalization Public Infrastructure District Board
The Downtown Revitalization Public Infrastructure District Board will hold a budget public hearing and consider adopting the final 2025 budget. The board will also vote on an Infrastructure Acquisition and Reimbursement Agreement with SEG Real Estate LLC and Smith Entertainment Group, LLC, and authorize bonds for the district treasurer. Reports on bond pricing and hiring a dissemination agent are scheduled.
- Public hearing and adoption of Final Budget for Calendar Year 2025
- Approval of Infrastructure Acquisition and Reimbursement Agreement with SEG Real Estate LLC and Smith Entertainment Group, LLC
- Authorization to obtain public officials' bonds for Treasurer up to $1,500,000
- Approve minutes from May 29, 2025 and amended minutes from April 17, 2025
- Reports on bond pricing and hiring of Dissemination Agent
Downtown Revitalization Public Infrastructure District Board
The Downtown Revitalization Public Infrastructure District Board is meeting to review its tentative 2025 budget. The final budget will be adopted after the pricing of the District's bonds. The meeting is scheduled for May 29, 2025, at 9:00 AM.
- Tentative 2025 budget review
- Final budget adoption pending bond pricing
Downtown Revitalization Public Infrastructure District Board
The Downtown Revitalization Public Infrastructure District Board will hold a special meeting to consider approving its 2025 tentative budget, engaging an accountant, an engineer, and a dissemination agent, and approving minutes from the May 8 meeting. The board will also receive reports on a municipal advisor certificate from Zions Public Finance and an insurance policy from Utah Local Government Trust.
- Approve minutes from May 8, 2025 meeting
- Engage an Accountant for the District
- Adopt 2025 final budget
- Engage an Engineer for the District
- Engage a Dissemination Agent for the District
Downtown Revitalization Public Infrastructure District Board
The Downtown Revitalization Public Infrastructure District Board will hold a special meeting and public hearing on May 8, 2025, to receive input on issuing First Lien Sales Tax Revenue Bonds (Series 2025A), Second Lien Sales Tax Revenue Bonds (Series 2025B), and Subordinate Lien Sales Tax Revenue Bonds (Series 2025C) for the SEG Redevelopment Project, and on the project's potential economic impact on the private sector. The board will also consider approving minutes from April 17, 2025, and an Infrastructure Acquisition and Reimbursement Agreement with Jazz Arena Investors LLC. The agenda includes administrative training items and a possible closed session.
- Public hearing on issuance of 2025A, 2025B, and 2025C sales tax revenue bonds for SEG Redevelopment Project
- Consider approval of Infrastructure Acquisition and Reimbursement Agreement with Jazz Arena Investors LLC
- Approve minutes from April 17, 2025 board meeting
- Board training on Open and Public Meetings Act and state auditor training for new members
- Possible closed session for real property, litigation, or personnel matters
Downtown Revitalization Public Infrastructure District Board
The Downtown Revitalization Public Infrastructure District Board will hold a public hearing on May 8, 2025, to receive input on the proposed issuance of up to $1.1 billion in sales tax revenue bonds for the SEG Redevelopment Project. The bonds would be repaid with Salt Lake City-imposed revitalization sales tax revenues pledged under a Capital Pledge Agreement. The hearing also covers the potential economic impact of the project on the private sector.
- Public hearing on issuance of First Lien Sales Tax Revenue Bonds Series 2025A, Second Lien Series 2025B, and Subordinate Lien Series 2025C
- Bonds up to $1,100,000,000 aggregate principal, maturing in up to 31 years, interest not exceeding 7.5%
- Estimated total principal and interest cost approximately $1,887,000,000
- Capital Pledge Agreement with Salt Lake City pledges city-imposed revitalization sales tax revenues; term April 8, 2025 to April 8, 2075
- Project financed under Capital City Revitalization Zone Act and Participation, Tax Sharing and Reimbursement Agreement with SEG Real Estate, LLC and Smith Entertainment Group, LLC
Downtown Revitalization Public Infrastructure District Board
The Downtown Revitalization Public Infrastructure District Board will hold a special meeting to organize itself and consider several resolutions, including a major bond issuance. The board will elect officers, adopt rules and policies, and consider authorizing up to $1.1 billion in sales tax revenue bonds for the SEG redevelopment project. They will also discuss liability insurance and public officials' bonds.
- Resolution 2025-05: authorize up to $1,100,000,000 in sales tax revenue bonds (SEG redevelopment project)
- Resolution 2025-01: adopt rules of order
- Resolution 2025-02: implement electronic meetings policy
- Resolution 2025-03: adopt bylaws including ethics and fraud prevention policies
- Authorize obtaining general liability insurance with minimum $5 million aggregate coverage