Lomond Heights Public Infrastructure District, UT

Lomond Heights Public Infrastructure District Board

The Lomond Heights Public Infrastructure District Board will hold a public hearing to adopt the final operating and capital budgets for calendar year 2026. The public may comment on revenue estimates and expenditures in the tentative budgets. The meeting is on August 13, 2026, at 547 W 1850 N, Harrisville, with Zoom participation available.

• Public hearing to adopt final operating and capital budgets for 2026
• Public comment opportunity on revenue estimates and expenditures
• Meeting at 547 W 1850 N, Harrisville, UT 84404
• Zoom participation available (Meeting ID: 962 0385 5892, Passcode: 541155)
• ADA accommodations available by calling Shana Bedard at 801-527-1040

Lomond Heights Public Infrastructure District Board

The Lomond Heights Public Infrastructure District Board will hold a special meeting to take public comment on the tentative 2026 operating and capital budget, then consider adopting it as the final budget via Resolution 2026-09. The board will also approve minutes from the July 7, 2026 meeting and discuss district business.

• Public hearing on the tentative 2026 operating and capital budget
• Consider adoption of Resolution 2026-09 adopting the final 2026 budget
• Approve draft minutes of the July 7, 2026 board meeting

Lomond Heights Public Infrastructure District Board

The Lomond Heights Public Infrastructure District Board will hold a special meeting on July 7, 2026, featuring a public hearing on the proposed issuance of Limited Tax General Obligation Bonds (Series 2026A-1 Senior and Series 2026B Subordinate). The board will also consider approving draft minutes from its June 12 meeting and hold open discussion on district business. The meeting is open to the public in person and via Zoom.

• Public hearing on issuance of 2026A-1 Senior Bonds and 2026B Subordinate Bonds (Limited Tax General Obligation)
• Approval of draft minutes from board meeting held June 12, 2026
• Open discussion among board members on public infrastructure district business

Lomond Heights Public Infrastructure District Board

The Lomond Heights Public Infrastructure District Board will hold a public hearing to receive input on the issuance of Limited Tax General Obligation Bonds. The bonds are intended to finance or reimburse the cost of public infrastructure, working capital, and issuance costs.

• Proposed issuance of Series 2026A-1 Senior Bonds and Series 2026B Subordinate Bonds
• Combined aggregate principal amount not to exceed $20,000,000
• Estimated total cost of Senior Bonds: $24,049,524
• Estimated total cost of Subordinate Bonds: $6,187,820
• Bonds to be paid via ad valorem property taxes (max rate 0.005 per dollar) and impact fee or infrastructure reimbursement agreements

Lomond Heights Public Infrastructure District Board

The Lomond Heights Public Infrastructure District Board is meeting to consider an Assessment Ordinance, the only item on the agenda. The agenda includes an attached PDF titled 'Assessment Ordinance - Lomond Heights UT PID 2026 SAA Bonds.pdf', indicating discussion of special assessment area bonds. No other business is listed.

• Consideration of Assessment Ordinance (see attached PDF: 'Assessment Ordinance - Lomond Heights UT PID 2026 SAA Bonds.pdf')

Lomond Heights Public Infrastructure District Board

The Lomond Heights Public Infrastructure District Board is scheduled to meet on June 16, 2026, at 547 W 1850 N, Harrisville, UT 84404. The agenda lists a single item titled 'Designation Resolution' with no additional description or discussion points provided.

Lomond Heights Public Infrastructure District Board

The Lomond Heights Public Infrastructure District Board is considering issuing up to $34,060,000 in Special Assessment Bonds (Series 2026A-2) to finance public infrastructure, with a maximum interest rate of 12% and a 30-year maturity. The bonds would be repaid through property assessments within the district. A 30-day public contest period begins after this notice.

• Bond principal authorized up to $34,060,000, with total principal and interest estimated at $77,107,695
• Bonds carry maximum interest rate of 12% per annum and may be sold at no less than 95% of par
• Proceeds to fund infrastructure, capitalized interest, working capital, reserve funds, and issuance costs
• No bonds are currently outstanding secured by the same pledged revenues ($0 outstanding)
• Resolution approved June 12, 2026; 30-day contest period for interested parties

Lomond Heights Public Infrastructure District Board

The Lomond Heights Public Infrastructure District Board will hold a special meeting to consider issuing up to $20 million in limited-tax general obligation bonds and up to $34 million in special assessment bonds for infrastructure improvements. The board will also vote on engagement agreements for bond counsel and municipal advisor services, funding and reimbursement agreements with BCP Ben Lomond LLC, and adoption of the 2026 tentative operating and capital budgets with a public hearing set.

• Consider Resolution 2026-07 authorizing up to $20,000,000 in Series 2026A-1 and 2026B limited-tax general obligation bonds
• Consider Resolution 2026-09 authorizing up to $34,060,000 in Series 2026A-2 special assessment bonds for the Lomond Heights Assessment Area
• Consider approval of bond counsel engagement agreement with Gilmore & Bell
• Consider approval of municipal advisor engagement agreement with Crews & Associates
• Consider approval of Funding and Reimbursement Agreement and Infrastructure Acquisition and Reimbursement Agreement with BCP Ben Lomond LLC

Lomond Heights Public Infrastructure District Board

The Lomond Heights Public Infrastructure District Board is meeting to discuss a resolution and the issuance of bonds. The agenda does not provide specific financial amounts or project details.

• Resolution Finding Bond Consent
• Notice of Bond Consent and Resolution Finding Bond Consent

Lomond Heights Public Infrastructure District Board

The newly formed Lomond Heights Public Infrastructure District Board holds its initial special meeting to appoint three new trustees, elect officers, and adopt foundational resolutions. Key actions include approving up to $20 million in bonds, adopting bylaws and ethics policies, authorizing insurance coverage, and hiring legal, accounting, investment banking, and engineering firms. The board will also consider funding and infrastructure agreements with BCP Ben Lomond LLC.

• Resolution 2026-06 authorizing up to $20,000,000 in limited tax general obligation bonds with consent from 100% of surface property owners
• Appointment of Matt Rasband, Pete Evans, and Ben Ferry as Trustees, replacing Kameron Spencer, Braiden Hampton, and Brandon Green
• Approval of engagement agreements: York Howell (legal), Pinnacle Consulting (accountant), DA Davidson (investment banking), Connextion Group (engineer)
• Approval of Funding and Reimbursement Agreement (Administrative) and Infrastructure Acquisition and Reimbursement Agreement with BCP Ben Lomond LLC
• Adoption of Resolutions 2026-02 through 2026-05 for rules of order, electronic meetings, bylaws with ethics/fraud policies, and records policy

Lomond Heights Public Infrastructure District Board

This meeting is a procedural session for Lomond Heights Public Infrastructure District Board members to submit signed ethical behavior pledges and conflict of interest disclosure forms. No substantive decisions or discussions are scheduled.

• Signed Ethical Behavior Pledge for Matt Rasband
• Signed Conflict of Interest Disclosure Form for Pete Evans
• Signed Ethical Behavior Pledge Form for Pete Evans
• Signed Conflict of Interest Form for Ben Ferry
• Signed Ethical Behavior Pledge for Ben Ferry