►
Description
June 20, 2023 at 3:00 PM MDT
A
B
C
A
C
B
All
right
well
good
afternoon,
Mr
chair
members
of
the
board,
I
am
the
deputy
City
Treasurer
for
the
city
of
Boise
and
the
administrator
for
the
Harris
Ranch
Community
infrastructure
district.
There
are
two
remaining
agenda
items
that
we'll
present
today.
The
first
is
an
item
for
the
board
to
approve
a
service
agreement
to
contract
with
Gregory
gray
Badger
to
provide
Appraisal
Services.
B
Both
are
land,
reimbursements
or
land
purchases.
Sorry
that
were
used
in
the
development
of
community
infrastructure
staff
will
be
submitting
these
two
requests
to
the
board
in
October
of
this
year
and
before
making
any
recommendation
to
the
board
staff
would
like
to
seek
the
review
of
a
qualified
appraiser
to
confirm
the
purchase
amounts.
B
Mr
Gray
Badger
has
20
years
of
experience.
Most
recently,
he
was
Chief
Appraiser
for
the
U.S
general
Services
IT
services
Administration
a
couple
of
notes.
The
two
projects,
one
is
for
roadway
purchases
and
the
second
is
for
conservation
easement,
and
he
has
both
training
and
experience
in
both
of
these
areas.
We
believe
that
Mr
Gray
Badger
is
well
qualified
to
perform
the
required
work
and
recommend
that
you
approve
this
resolution.
B
C
A
B
Yes,
so
Mr
chair
at
this
point,
I'll
turn
it
over
to
my
colleague,
Zechariah
Taylor
and
he'll
be
going
over
the
2024
budget,
as
I
mentioned,
we're
not
seeking
an
approval
at
this
time.
Instead,
it
will
will
seek
guidance
from
you,
for
that
will
help
inform
the
actual
budget
that
will
be
presented
at
the
July
13th
budget
public
hearing
with
that
I'll
turn
it
over
to
Mr.
A
D
So
in
today's
budget
Workshop
we'll
present
the
Harris
Ranch
Community
infrastructure,
District's
number
one
proposed
fiscal
year,
2024
budget.
The
purpose
of
today's
meeting
is
to
to
obtain
your
feedback
and
confirm
the
direction
of
the
fiscal
24
budget.
I
will
introduce
the
proposed
budget,
discuss
the
highlights
and
then
review
the
Strategic
focus
and
impact.
D
Okay,
the
24
budget
follows
a
similar
format
as
previous
budgets
for
the
community
infrastructure.
District
revenues
and
expenditures
are
divided
out
into
three
categories:
Administration
General
obligation,
bonds
and
the
special
assessment
Bond.
The
administration
Levy
is
based
on
property
value.
The
general
obligation
category
is
based
on
property
value
as
well,
and
the
special
assessment
is
based
on
property,
size
or
acreage.
D
So,
in
section
c,
in
line
six,
you
will
see
13
million
dollars
allocated
for
a
new
Geo
bond
that
is
from
previously
approved
budgets.
As
you
are
aware,
the
district
has
not
issued
General
obligation,
bonds
for
fiscal
22
or
23,
and
this
category
reserves
budget
for
when
the
district
can
issue
those
previously
approved
budgets.
Bonds.
Excuse
me
so
before
we
review
each
of
these
Revenue
categories,
we're
just
going
to
compare
fiscal
24
with
previous
years.
D
D
Therefore,
a
new
Geo
Bond
issuance
is
not
proposed
for
the
FY
24
budget
and
line
three
shows
zero
revenue
from
Bond
proceeds.
Consequently,
there
are
no
new
infrastructure
expenditures
represented
in
line
eight.
When
previously
approved,
Geo
bonds
are
able
to
be
issued.
They
will
represent
the
miscellaneous
expenditures
for
infrastructure
improvements
from
previously
approved
bonds.
D
The
first
category
is
the
administration
section
and
budgeted
administrative
costs
are
based
on
the
service
contracts
between
the
district,
the
city
and
third-party
Professional
Services
compared
to
previous
years.
The
fy24
budget
shows
higher
revenues
in
line
three
and
expenses
in
line
8.
Due
to
the
ongoing
judicial
review
related
to
the
October
5th
District
board
resolutions.
D
D
So
by
design
of
the
CID
act,
this
allows
for
administrative
charges
not
covered
by
Bond
proceeds
to
be
level
levied
on
real
property
within
the
district.
So
we
will
be
asking
the
board
to
consider
recovering
a
portion
of
foregone
administrative
Levy
during
our
July
budget
meeting,
as
was
completed
last
year
in
in
fiscal
23..
D
The
district
has
a
foregone
balance
of
three
thousand
and
thirty
three
dollars
as
compared
to
3209.
Last
year
this
year
the
district
can
can
claim
192
dollars
and
12
cents
of
that
foregone
Levy,
while
not
large
in
amount
in
this
individual
year.
If
the
district
continues
to
claim
a
portion
of
the
foregone
Reverend
Levy
each
year,
it
will
meaningly
meaningfully
impact
the
repayment
of
the
advances
from
the
city
of
Boise
over
a
multi-year
repayment
of
the
350
000
advance
from
the
city,
claiming
the
administrative
Levy
will
contribute
an
additional
forty.
D
And
next
we're
just
going
to
cover
the
special
assessment
section
this
year,
the
district
intends
to
refinance
the
special
assessment
Bond.
This
budget
will
include
potential
revenue
from
refinancing
that
Bond
and
expenditures
of
debt
service
and
proceeds
to
refinance
the
bonds
for
the
special
assessment.
D
A
D
D
D
So,
due
to
the
fact
that
Ada
County
estimates
that
property
values
will
decrease
this
year,
the
levy
rate
for
other
districts
will
rise.
However,
the
district
has
a
fixed
Levy
that
remains
constant
at
2.85
mils.
Consequently,
the
district
levy
has
a
proportion
of
the
overall
property.
Taxes
should
decrease
compared
to
other
property
tax
levies.
C
B
So
Mr
Mr
chair
board,
member
woodings.
We
do
have
already
projects
that
have
been
submitted
and
have
not
yet
been
approved
by
the
the
board.
So
the
board
will
still
hear
those
those
projects
and
make
a
decision
as
to
whether
to
approve
them,
and
when
the
district
then
has
funds
the
then
the
district
will
be
able
to
finance
the
purchase
of
those
approved
projects.
B
A
D
No,
it's
really.
This
is
a
time
for
your
feedback
if
there's
anything
that
you
want
us
to
analyze
or
review
farther,
as
we
finalize
the
budget
for
Preparation
to
present
to
you
at
the
July
13th
hearing,
if
there
is
not
any
feedback
at
this
time,
we
will
take
this
budget
and
then
review
everything
and
then
just
finalize
it
for
a
presentation
of
that
July
13th
public
hearing.
A
Great
I
think
one
thing
that
at
least
some
of
the
public
would
appreciate
in
that
meeting
brief.
You
know
one
minute
two
minute
tops
analysis
of
what
their
property
tax
bill
is
expected
to
look
like
you
touched
on
it
here
briefly,
but
because
the
mill
rate
is
fixed
because
home
values
have
fallen
at
least
for
this
year.
Things
are
going
to
look
a
little
bit
different
on
the
property,
tax
statement
and
I'm
sure
that's
top
of
mind
for
many
people
and
I'm
sure
they'd
love
to
have
that
touched
on
briefly
absolutely
so.