Point Phase 1 Public Infrastructure District (PID) Nos. 1-9

In 2018, the Utah State Legislature passed, and Governor Gary Herbert signed into law, House Bill 372, establishing the Point of the Mountain State Land Authority (“POMSLA”). The legislation created a board to guide the future development of approximately 600 acres of state-owned land located near the Point of the Mountain.

Pursuant to state law, the POMSLA Board is responsible for planning, managing, and implementing development that advances the following objectives:

• Maximizes the creation of high-quality jobs and supports a highly trained workforce;
• Ensures strategic residential and commercial growth;
• Promotes a high quality of life for residents both on and surrounding the site;
• Strategically plans for employment opportunities near where people live;
• Facilitates vibrant urban centers and housing options that align with workforce needs;
• Creates parks, connected trails, open space, and recreational opportunities;
• Complements surrounding development in the vicinity of the site;
• Improves air quality and minimizes resource use;
• Enhances mobility while protecting the environment; and
• Researches and explores the feasibility of attracting a nationally recognized research center.

The POMSLA Board has partnered with The Point Partners for Phase 1 of the development. The Point Partners is led by Lincoln Property Company, Colmena Group, and Wadsworth Development Group. Developer affiliates, together with POMSLA appointees, comprise the Board of Trustees of the Point Phase 1 Public Infrastructure District Nos. 1-9. 

A Utah Public Infrastructure District, or “PID,” is a limited-purpose local government entity authorized under Utah law to help finance, construct, and manage public infrastructure needed to support development. Public infrastructure may include improvements such as roads, water and sewer systems, storm drainage, parks, trails, open space, and other public facilities.

A PID is typically created by a city, county, or other authorized public entity. Once established, it may have the ability to issue bonds, collect fees, and, if authorized, levy property taxes or assessments to pay for eligible public improvements. These financing tools allow public infrastructure to be built earlier in the development process, with costs repaid over time by property owners within the district.

Although a PID may support new residential, commercial, or mixed-use development, it is separate from a homeowners association and is intended to fund public infrastructure rather than private improvements or private amenities. Utah’s Public Infrastructure District Act is found in Title 17D, Chapter 4 of the Utah Code.

PID projects are typically financed by issuing bonds or other debt to pay for eligible public infrastructure upfront. The bonds are then repaid over time using revenues generated within the District, which may include property tax revenues, fees, assessments, or other authorized District revenues.

In general, the process works as follows:

• Infrastructure needs are identified, such as roads, utilities, stormwater systems, parks, trails, or other public improvements.
• The PID issues bonds or other financing to generate the funds needed to construct those improvements.
• The improvements are constructed to support development within the District.
• The debt is repaid over time through revenues collected from property within the District. Depending on the PID’s governing documents and approvals, repayment may come from property taxes, fees, assessments, or revenue generated from increased property values within the District.

The Point Phase 1 Public Infrastructure District Nos. 1-9 are governed by a Board of Trustees. The Board is responsible for overseeing the Districts' operations, approving budgets, authorizing financing, and making decisions related to the public infrastructure improvements the Districts' are authorized to provide.

For the Point Phase 1 PID, the Board of Trustees is made up of developer affiliates, together with appointees of the Point of the Mountain State Land Authority (“POMSLA”). This governance structure allows the District to coordinate closely with both the Phase 1 development team and POMSLA as public infrastructure is planned, financed, and constructed.

In general, the Board’s role is to ensure that the Districts' carry s out its responsibilities in accordance with Utah law, the District’s governing documents, and the public infrastructure needs of Phase 1 of The Point development.

For more information, please visit the thepointutah.org, or submit a question via our Contact Us page.