City of Boise, Idaho CID #1 Harris Ranch, 25 Oct 2021

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From YouTube: Harris Ranch Community Infrastructure District No. 1

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October 25, 2021

A

It's 1203 I'll call. This meeting of the harris ranch community infrastructure district number one to order clerk. Will you please call the roll clegg.

B

Here we'll note that council member thompson is online woodings here all present.

A

The next item on the agenda is the approval of the minutes.

C

Madame vice chair, um I move that we approve the minutes of the harris ranch community infrastructure district number, one of the regular meeting of october 5th 2021.

A

I'm reading councilmember thompson's lips here and it sounds like he's seconds: can you give us a thumbs up if that's true, councilmember thompson, all right, it's been moved by um councilmember clegg and seconded by councilmember thompson to approve the minutes clerk. Will you please call the roll clegg.

B

Yes, thompson woodings! Yes, all in favor motion carries.

A

And item three on the agenda is resolutions david. Are you going to give us a introduction to each of these resolutions as we go through.

D

Yes, I'll give a short introduction great.

A

D

All right well, mr chair members of the board. In today's meeting, the board will consider three resolutions. The first resolution is a resolution to approve the special assessment roles that will be sent to ada county for collection in the 2021 tax year.

D

The special assessment roles and the associated assessments that are collected from each parcel within the special assessment area are used to pay debt service on the 2011 special assessment bond, the bond was issued in 2011 in the amount of approximately 3.9 million each year, as development is conducted within the district, land is platted and land is also dedicated to public use, to achd and for common area.

D

This year's assessment list reflects those changes and instructs the ada county assessor's office to collect assessments that will pay for debt service and administrative expenses.

D

As a side note, the next resolution that will be before the board will get the process started for a refinancing of that special assessment bond.

D

The district staff expect that the refinancing will significantly decrease the amount of the annual special assessment. Those are my prepared remarks for this resolution. I'll stand for any questions.

A

Great, thank you so much david questions from the board. No questions.

A

Nope we can hear you now tj, oh great, all right without any further questions. um I believe a motion is in order.

C

Madam vice chair, I move that we approve hrc id 15-20-21 a resolution to the board of directors of the harris ranch, cid ratifying and approving um whoops. I'm sorry.

C

Approving special assessments upon the real property within the assessment area of the hrcid second.

A

It's been moved and seconded. Is there any discussion hearing none clerk? Will you please call the.

B

Roll clegg, yes, thompson.

C

B

Woodings, yes, all in favor motion carries all right so.

A

Next up, we have hrcid 15-20-21 david.

D

All right well, this one is pretty simple. The second agenda item is a resolution to engage skinner fawcett as bond counsel for that special assessment refinance.

A

um David am I understanding also that skinner faucet has been our bond council in the past as well, and this is just kind of re-upping. That arrangement.

D

That's correct the this resolution and the next resolution are re-upping their uh engagement now. The next resolution is for the general obligation debt. This will be the first time that the district has considered refinancing the special assessment bond, and that is because it is this year that the special assessment bond is eligible for refinance.

A

Great, are there any further questions for david.

C

And vice chair, I move that we approve hrc id 15-20-21, a resolution of the board of directors of the harris ranch, cid ratifying and approving bond council services for the issuance of the refunding of special assessment bonds and consultation with the administration of the district provided by skinner. Fawcett llp.

A

A second the motion, thank you. Is there any further discussion hearing none clerk? Will you please call the role.

B

Craig, yes, thompson.

C

B

Winnings, yes, all in favor motion carries.

A

And then did you have anything further prepared for 16-20-21.

D

No madame vice chair, that's it.

A

Okay, any questions on um resolution 16-22.

C

Great none uh madame vice chair, I move that we approve hrc id 16-20-21 a resolution of the board of directors of the harris ranch cid uh number one approving bond council services uh for the preparation of general election general obligation, bonds um and consultation uh to be provided by skinner, faucet llp.

A

Second, the motion: it's been moved and seconded. Is there any discussion hearing none clerk? Will you please call.

B

The roll clegg- yes thompson, yes woodens, yes, all in favor motion- carries thank.

A

You very much david for all the details and for uh preparing for this meeting today, hate it and without anything, further adamara move. We adjourn.

C

A

Moisture, I just got a big promotion. Thanks. That's another thing, all right, all those in favor, please say aye all right, excellent! Thank you! So much all right.