►
Description
August 30, 2022
A
B
B
D
B
B
B
Right
next
up,
we
have
our
agenda
items
and
I'm
going
to
turn
it
over
to
david
for
a
short
presentation.
E
All
right!
Well,
madam
chair,
it's
members
of
the
board.
It's
good
to
see
all
of
you
again
in
our
last
meeting,
the
board
approved
the
fiscal
year
2023
budget,
with
the
change
that
the
full
levy
was
to
be
used,
the
full
levy,
amount
of
2.85
mills,
and
so
in
this
meeting
the
board
will
consider
two
resolutions.
E
The
fiscal
year
2023
budget
is
materially
the
same
as
the
one
that
was
presented
at
the
july
19th
public
hearing
with
two
changes.
The
first
is
that
the
levied
amount
has
been
updated
to
incorporate
ada
county's
latest
estimate
for
the
taxable
value
of
the
district,
and
this
reduced
the
revenue
in
line
one
of
this
budget.
E
Okay,
real
quickly,
just
just
looking
at
the
actual
levy
itself
and
the
bonding
capacity,
the
bonding
capacity
changes
slightly
based
on
on
interest
rates.
The
last
time
we're
here
I
had
stated
8
million
in
the
overall
capacity
that
could
be
you
that
could
be
issued
with
a
0.7
million
dollar
incremental
revenue.
That's
shifted
slightly.
As
rates
have
gone
up,
it's
meant
that
the
overall
bonding
capacity
has
dropped
slightly
and
so
on.
E
The
screen
you
can
see
the
full
levy
dollar
amount
that
was
present
in
the
budgets
for
fiscal
years,
21,
22
and
23
at
the
1
million
1.4
million,
and
then
2.1
million
and
then
in
yellow
is
the
incremental
amounts
that
are
used
to
issue
the
the
debt.
E
That
came
from
appreciation,
so
in
orange
there
that
that
181
million
came
from
appreciation
alone,
and
so,
and
that
was
a
37
increase,
so
stating
that
residents
taxes
will
go
up
somewhere.
North
of
35
is,
is
a
representative
statement
for
for
the
district-
and
I
say
representative,
without
going
and
looking
at
every
single
home.
A
Madam
chairman,
yes,
david
just
a
clarification,
so
that
increase
is
for
this
portion
of
each
homeowners
property
tax
bill
and
not
for
their
entire
bill,
not
to.
B
E
Yeah
so
madam
chair
and
board
member
clegg,
that's
that's
an
accurate
statement
that
it
is
only
harris
ranch
that
is
we'll
see
that
that
particular
increase
that
completely
excludes
any
property
taxes
from
the
school
district,
ada
county
or
the
city
itself
has
been
the
other
large
levy
amounts.
E
B
There
any
additional
questions
for
david
david.
I
just
wanted
to
say
thank
you
for
the
follow-up
on
the
information
that
you
provided
and
the
additional
context
really
appreciate
it
all
right.
Well,
we
have
a
couple
of
resolutions
before
us.
What
is
the
will
of
the
board?
E
Just
for
for
this
l2
resolution,
I,
if
just
so
that
you
have
all
of
my
statements-
this
is
a
procedural
matter
which
is
just
simply
to
approve
the
l2
which
was
included
in
the
meeting
packet,
which
will
transmit
to
ada
county
the
amounts
that
they
should
levy
based
on
the
budget.
Great.
D
B
I
believe
that
board
member
klig
seconded
so
you're
muted,
sorry,
second.
A
B
B
I
still
stand
in
support
of
us
looking
at
that
levy
rate
year
over
year
and
seeing
what
impact
that's
going
to
have
on
homeowners
with
you
know
the
many
things
that
we
discussed
around
balancing
the
brevity
of
paying
down
those
bonds
with
that
impact
on
homeowners.
So
I
will
be
voting
against
the
motion.
A
Madam
chair,
yes,
thank
you
and
I
I
understand
your
concern.
I
also
share
it,
but
also
believe
that
our
obligation
is
to
find
if
or
we
have,
a
budget
that
fairly
represents
reimbursable
expenses
and
fairly
represents
the
assessed
market
value
of
the
district.
A
A
B
D
A
A
Madam
chair
just
a
comment
for
those
who
are
watching
who
may
not
know
there
was
an
error
made
on
the
city's
tattoo
some
years
ago
and,
as
a
result,
a
request
for
the
boards
in
charge
of
them
to
review
them
before
they're
sent
off
and
to
be
certified
and
that's
what
we
have
before
us.
I've
reviewed
it
as
I
look
at
those
numbers,
they
look
like
the
right
ones,.
B
B
B
Up,
it's
been
requested
by
board
member
craig
that
we
have
a
discussion
about
items
that
we
would
like
to
have
brought
back
to
the
board
by
staff
for
some
more
strategic
discussion.
A
B
Yeah
and
I
think,
in
addition
to
everything
that
that
you
said
council
member
claig,
some
things
that
I've
been
thinking
about
are
working
with
the
developer,
to
develop
some
projections
into
future
years
on
what
the
bond
reimbursements
might
look
like,
based
on
projects
to
get
schedules
and
costs
and
seeing
if
we
can
maybe
build
a
little
bit
more
reliability
and
expectation
into
this
process.
B
I
think
that
that's
one
of
the
things
that
really
took
me
off
guard
this
year
was
that
dramatic
increase
in
property
values
and
how
that
was
going
to
impact
the
tax,
the
property
tax
receipts
using
the
same
levy
rate,
which
is
something
that
this
you
know.
This
is
the
only
level
of
government.
I
think
where
a
levy
rate
will
stay
exactly
the
same,
regardless
of
what
the
underlying
property
values
are.
C
D
I
think
the
most
helpful
thing
to
me
in
terms
of
thinking
about
that
this
type
of
question
next
year
would
be
you
know
the
the
actual
math
and
value
changes
that
would
occur
as
a
result
of
changing
the
levy
rate
and
by
math
and
value
changes.
What
I
mean
is
the
effect
on
the
bonding
authority.
The
effect
on
what
portions
of
revenues
then
get
shifted
to
pay
accrued
interest
to
the
developer.
A
D
Long-Term
outcomes
of
those
types
of
changes
would
be
helpful.
A
Madam
chair,
if
quickly,
one
last
thing
I
would
say
is
that,
in
addition
to
considering
the
mill
levy,
which
is
one
way,
we've
always
thought
about
adjusting
the
budget
in
this
particular.
A
Infrastructure
district,
we
might
consider
a
budget
increase
limitation
and
that
might
be
another
path
to
get
us
to
a
place.
That's
a
little
more
predictable,
and
if
we
can
talk
about
it
strategically,
as
with
the
items
that
both
you
and
councilmember
beijing
just
talked
about,
I
think
we
could
perhaps
project
how
to
go
forward
in
a
way
that
would
would
meet
at
all
of
the
concerns-
maybe
maybe
not
perfectly
but
more
efficiently
than
balancing
them
just
one
way
or
the
other.
E
E
So
looking
at
the
possibility
of
budgetary
limitations
and
a
few
different
structures
bringing
those
forward,
as
well
as
doing
some
modeling
around
the
growth
of
the
district
and
how
that
will
impact
the
the
bonding
ability
to
bond
and
ultimately
the
budget
and
then
finally,
the
the
last
area
is,
is
just
overall,
I'm
afraid
I
lost
my
train
of
thought
so
I'll
I'll
stick
with
those
those
two
ideas
for
for
now,
but
it
sounds
like
bringing
some
of
those
forward.
E
Oh
I
remember,
and
then
the
interest
allocation
and
how
any
changes
in
budget
would
shift
the
interest
allocation.
Those
those
three
areas
sound
like
it'd,
be
helpful
to
to
bring
some
ideas
forward
to
the
board
and
probably
the
upcoming
months
well
before
we
get
to
the
to
the
budgetary
season
for
next
year.
B
Yep,
absolutely
all
right
is
there
anything
else
for
the
good
of
the
order.