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A
All
right,
everyone,
sorry
we're
getting
started
a
little
bit
late.
We
had
an
executive
session
that
ran
over
a
bit.
This
is
the
time
and
place
for
the
Harris
Ranch
Community
infrastructure,
District
board,
meeting
of
September
27th
we're
beginning
at
1,
18.
clerk.
Will
you
please
call
the
roll
agent
here
weddings
here,
free
present
all
right?
Next
up
we
have
the
approval
of
the
minutes,
foreign.
A
Second,
we
have
a
motion
in
a
second
clerk.
Will
you
please
call
the
roll
agent?
Yes,
yes,
weddings?
Yes,
three
all
in
favor
motion
carries
thank
you
and
then
next
up
we
have
David
with
our
next
couple
of
agenda
items.
All.
C
Right
well,
Madam,
chair
members
of
the
board.
It's
good
to
see
all
of
you
again.
Today's
two
resolutions
are
really
housekeeping
items
for
the
district.
The
first
resolution
is
the
annual
approval
of
the
special
assessment
roles,
and
the
second
resolution
will
allow
the
district
to
prepay
its
out
a
portion
of
its
outstanding
debt.
C
So,
looking
at
the
first
resolution,
this
resolution
approves
the
updates
to
the
special
assessment
rules
that
will
be
sent
to
Ada
County
for
Ada
County's
2022
tax
year,
which
will
be
the
district's
2023
fiscal
year.
The
assessment
that's
collected
is
based
on
these
roles
and
is
used
to
pay
for
the
debt
service
for
the
special
assessment
bond
that
was
issued
in
2011.,
and
this
update
is
done
each
year
to
reflect
changes
to
the
assessment
area
and
those
include
changes
in
Property
Owners,
plotting
of
plots
and
changes
in
parcel
numbers.
D
For
David
Madam
chair,
quick
question
David.
If
we
had
been
able
to
issue
bonds
last
year,
we
would
not
had
have
had
to
collect
the
special
assessment
this
year.
Is
that
correct.
C
The
the
special
assessment
we
would
have
had
the
opportunity
to
refinance
the
special
assessment
Bond
at
lower
at
considerably
lower
rates
and
the
district
would
have
had
the
option
of
refinancing
as
either
a
general
obligation
Bond
or
as
a
a
new
special
assessment
Bond.
So
the
answer
is,
it
would
have
depended
on
on.
D
My
memory
is
that
we
had
made
a
determination
that,
before
we
suspended
the
bond
issuance,
that
we
would
refinance
the
special
assessment
as
a
general
obligation.
Is
that
correct
the.
C
D
You
with
that
Madam
chair
I
would
move
approval
of
HR
CID
12
2022,
a
resolution
approving
special
assessments
upon
the
real
property
within
the
assessment
area
of
Harris
Ranch
Community
infrastructure,
District
number
one.
B
A
C
All
right,
then,
the
last
resolution
is
a
prepayment
resolution
and
this
resolution
would
approve
the
use
of
three
hundred
and
seventy
thousand
dollars
from
fiscal
year.
2022
the
fiscal
year,
2022
Bond
Levy
to
be
used
to
prepay
outstanding
debt,
and
this
is
actually
necessary
because
the
district
was
not
able
to
issue
any
general
obligation
bonds
during
fiscal
2022,
and
so
we
do
need
to
put
those
funds
to
use
for
paying
Debt
Service.
C
This
will
produce
a
modest
Savings
of
interest
of
about
seven
thousand
dollars
on
a
present
value
basis
over
the
the
life
of
all
of
these
bonds.
Now
that,
unfortunately,
is
going
to
be
offset
by
the
cost
for
not
issuing
bonds
and
not
paying
for
the
outstanding
projects,
and
so
the
cost
of
that
is
about
a
hundred
and
forty
thousand
dollars
in
this
single
year
alone.
So
I
did
not
calculate
for
the
rest
of
the
time,
simply
because
rates
continue
to
change.
But
this
gives
you
an
idea.
D
Chair,
yes,
I
would
move
approval
of
hrcid
13-2022,
a
resolution
of
the
board
of
directors
of
the
Harris
Ranch
Community
infrastructure,
District
number
one
in
city
of
Boise,
Idaho
County
authorizing
the
prepayment
of
certain
outstanding
bonds
and
providing
an
effective
date.
Second,.