Issue up to $71 million in special assessment bonds for the Iron Horse development in Cedar City

The board of the Iron Horse Public Infrastructure District, a district created for the Iron Horse development, considers two bond issues: up to $20,000,000 in special assessment bonds for Assessment Area #1, and up to $51,462,000 for a new Assessment Area #2. The same agenda would amend Area #1's assessment ordinance, create Area #2, approve Area #2's appraisal, and let district officers set the final bond terms within the limits the resolutions set. Special assessment bonds are repaid from assessments on the property inside each assessment area. The agenda doesn't say what the money would build.

1. Board votes on the bonds · Thu, Nov 12, 2026, 4:30 PM MT176 W 725 S, Cedar City, and on ZoomIron Horse Public Infrastructure District Board of Trustees

Board agenda, Nov 12, 2026 · Cedar City Iron Horse rezone hearing notice (location of the development)

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