Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Weber County hears update on Black Pine bonds; legal and legislative fixes could clear way to market
Summary
County staff told commissioners Black Pine cannot access the bond market while the Inland Port faces a statewide lawsuit; staff said a pending bill to ratify existing inland-port contracts would allow bond counsel to proceed and avoid reopening a community reinvestment area (CRA).
Weber County commissioners received an update Jan. 27 on efforts to help Black Pine Infrastructure access the bond market for a joint infrastructure project in the Little Mountain service area.
The update centered on two problems preventing Black Pine from selling bonds: a statewide lawsuit against the Inland Port that has caused bond counsel to withhold market approval, and an incomplete Community Reinvestment Area (CRA) process the county started but never finished. "They're not able to go to the bond market right now because the Inland Port has a statewide lawsuit," said Stephanie Russell, who gave the presentation to the commission.
Why it matters: Black Pine needs bond proceeds to start infrastructure tied to ARPA funding that, staff said, must be "signed, sealed and…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
