Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Infrastructure Finance topic
No spam. Unsubscribe anytime.
Grantsville creates Sun Sage Terrace PID; city delays permits and bonds until development agreement items resolved
Summary
Grantsville approved creation of the Sun Sage Terrace Public Infrastructure District on Feb. 5 but directed that bonds and assessments may not be issued until outstanding as-built, fence/retaining-wall, storm-drain and fee-in-lieu items are addressed in the development agreement.
The Grantsville City Council voted Feb. 5 to create the Sun Sage Terrace Public Infrastructure District (PID) and to authorize the governing documents necessary to form the district. Staff and the applicant’s PID attorney, Aaron Wade, told the council the governing documents would allow the district to form a board and prepare administrative steps while the city and developer work through outstanding development-agreement items.
City staff and public-works personnel identified open items from earlier phases of development that must be addressed before the district can issue bonds or assessments: as-built PDF plans and GIS shapefiles for Hawthorne phases 1 and 2, repairs to a sinking road/manhole cover on Main Street, clarification and installation of required fences or retaining walls, and resolution of a remaining fee-in-lieu payment tied to prior plats. PID counsel noted the governing document already ties the district’s ability to issue debt to an "approved development plan" and advised that placing construction-, as-built- and fee obligations in the forthcoming development agreement protects the city because the district cannot lawfully issue bonds until the agreement exists.
"The district can't issue any bonds or impose assessments until they get that agreement," Aaron Wade told the council. City staff asked for the applicant and developer to provide the missing files; staff said some of the as-built data had been supplied in prior submissions but that large CAD files would be provided on flash drive for city review. The developer (Larry / Parkview Ventures) indicated willingness to work with staff to supply documentation and, where appropriate, provide missing fee payments or take responsibility under the development agreement.
Council voted to approve formation of the PID at the meeting and directed staff to sign and file the notice of impending boundary action with the lieutenant governor’s office within the 10-calendar-day deadline. At the same time the council recorded clear direction that the city retain approvals for permits and bond issuance until the development agreement and the listed construction/recordation items are resolved. Counsel advised the council that if desired they could make approval conditional, but that the governing documents already contain a gating mechanism: issuance of district debt requires an approved development plan or development agreement.
Council asked staff to pull the governing-document signature paperwork so that the city could submit files to the lieutenant governor’s office within 10 calendar days to comply with state filing deadlines.
