The Utah Infrastructure Agency is scheduled to meet on Sept. 8, 2026, to consider a resolution that would authorize the issuance and sale of up to $25,000,000 in tax-exempt telecommunications revenue bonds.
Upcoming Board Meeting Details
According to meeting agendas released by the City of Midvale and the City of Orem, the board meeting is scheduled to begin at 8:30 a.m. at the UTOPIA offices located at 5858 South 900 East in Murray, Utah. The meeting is intended for board members, though the agency has provided a live streaming link via the UTOPIA website for public viewing.
Resolution 26-05 and Bond Terms
A primary focus of the meeting is the consideration and potential approval of Resolution 26-05. This resolution would authorize the agency to issue and sell an aggregate principal amount of not more than $25,000,000 in tax-exempt telecommunications revenue bonds. The resolution also seeks to establish the maximum aggregate principal amount, the maximum number of years for bond maturity, the maximum interest rate, and the maximum discount from par at which the bonds may be sold.
Administrative and Legal Requirements
The proposed resolution delegates authority to certain agency officers to approve the final terms and provisions of the bonds within the parameters established by the board. Additionally, the resolution outlines procedures for setting a public hearing date related to the bonds, posting notices, and managing a contest period. The board will also consider the execution of a supplemental indenture, a bond purchase contract, and other necessary documents to complete the transactions.
Meeting Leadership and Agenda
The agenda, as outlined by the agency, includes the distribution of a preliminary official statement and an official statement. The meeting will be led by Board Chair Derek Oyler and will include a presentation or consideration of the resolution by Chief Executive Officer Roger Timmerman.
The meeting is expected to conclude with an adjournment following the discussion of the proposed bond issuance and other related matters.
