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From YouTube: Harris Ranch Community Infrastructure District No. 1
Description
October 5, 2021
A
C
C
A
E
These
approvals
will
be
done
via
resolution.
This
meeting
is
not
a
public
hearing.
The
board
will
not
hear
oral
testimony
today,
but
will
instead
consider
the
staff
report
provided
to
the
board
and
the
letters
that
have
been
sent
in
by
the
stakeholders
of
the
district,
which
are
all
included
within
the
staff
report.
E
The
developer
is
a
third
entity
separate
and
apart
from
the
city
and
separate,
and
apart
from
the
district,
the
developer
constructs
community
infrastructure
projects
and
submits
those
improvements
to
the
district
for
consideration
and,
if
approved
by
the
board,
purchase
the
district
issues.
General
obligation,
bonds
that
are
repaid
via
tax
levy,
proceeds
of
the
district's
general
obligation
bonds
are
used
to
fund
the
purchase
of
the
board
approved
projects.
E
E
On
june
22
2021,
the
board
held
a
budget
workshop
where
guidance
for
the
financial
direction
of
the
district
was
given
the
board,
heard,
alternative
budgetary
directions
and
directed
staff
to
prepare
the
budget
in
the
same
fashion.
As
previous
years
on
july,
20th
2021
the
board,
read
and
heard
testimony
from
residents
in
a
public
hearing
primarily
expressing
objection
to
the
projects
that
are
being
considered
today.
E
E
E
E
The
board
can
amend
the
resolution
to
approve
or
reject
projects
in
whole
or
in
part
on
september,
23
2021
the
district
published
a
notice
on
its
web
page
with
the
project,
descriptions,
objections,
counter
arguments
and
the
letters
that
have
been
submitted
so
far.
The
district
has
since
published
additional
materials
from
the
association,
the
developer
residents
and
other
stakeholders
as
they
came
in.
E
One
important
point
to
note:
the
association
has
raised
many
objections
not
only
to
these
three
projects.
Some
of
the
objections
fall
outside
of
the
scope
of
what
the
board
will
consider
today.
Today,
for
example,
issues
of
the
district
creation
or
the
eligibility
of
past
projects
for
purchase
is
not
being
considered
today.
E
With
the
stage
set,
let's
examine
the
projects
themselves.
There
are
three
projects
before
the
board
today,
certain
other
projects
have
either
been
removed
or
in
the
case
of
the
conservation
easement
will
be
considered
by
the
board
after
the
district
has
had
a
chance
to
conduct
further
review,
including
an
independent
appraisal
review.
E
E
The
development
agreement
between
the
city,
the
developer
and
the
district
allows
interest
to
accrue
between
the
completion
of
a
project
and
its
purchase.
The
association
has
raised
several
objections
to
this
purchase
request.
Their
objections
are
summarized
in
the
staff
report
and
can
be
found
in
exhibit
ee
of
the
staff
report.
E
E
Section
two
of
the
project
resolution
relates
to
project
geo21-2,
and
this
project
is
comprised
of
roadways,
sidewalks
storm
drains
sanitary
sewer,
street
lights
and
other
related
costs
within
the
dallas
harris
estates.
Townhomes
number
nine
subdivision:
the
cost
of
this
project
is
approximately
1.7
million
because
of
the
because
the
objections
and
counter
arguments
to
this
and
the
next
project
are
grouped
together.
I'm
going
to
move
on
to
the
next
project.
E
A
C
E
The
district
staff
also
looked
into
whether
the
projects
meet
the
eligibility
criteria
of
the
cid
act.
Those
three
requirements
are
that
there
be
a
substantial
nexus
to
the
district,
that
there
be
a
direct
or
indirect
benefit
to
the
district
and
that
the
improvements
are
not
fronting
individual
single-family
residential
laws.
E
E
E
E
The
substantiality
of
the
stormwater
ponds
was
due
to
the
large
coverage
area
within
the
district
provided
by
those
provided
by
those
storm
water
ponds,
and
you
can.
Oh,
we
lost
it
when
the
map
comes
back
up,
you'll
see
that
the
green
roadways
are
the
roadways
that
are
being
considered
for
those
projects
and
that
the
stormwater
ponds
is
the
green
section
in
the
south
and
greg
it
does
look
like
we
lost
the
the
screen
share
again.
E
E
E
Finally,
the
last
eligibility
requirement
is
that
improvements
fronting
individual
single-family
residential
lots
are
excluded
at
issue
is
the
definition
of
fronting.
Unfortunately,
the
cid
act
does
not
define
this
term.
The
association
takes
the
position
of
using
the
plain
language.
Interpretation
of
in
front
of
this
interpretation
would
make
the
exclusion
broader.
That
is,
improvements
that
are
excluded.
It
would
broaden
the
amount
of
improvements
that
are
excluded
from
eligibility.
E
The
developer
argues
that
the
fronting
should
be
interpreted
in
the
context
of
zoning.
In
that
context,
boise
city,
inc,
boise
city
code
interprets
fronting
as
a
budding
or
touching
district
staff
reviewed
many
legal
definitions
where
fronting
requires
some
sort
of
immediate
adjacency
or
physical
contact
between
parcels
of
land.
E
District
staff
also
determined
that
fronting
should
follow
the
developmental
interpretation
because
of
the
context
of
the
cid
act.
District
staff
determined
that
the
improvements
are
not
fronting
individual
single-family
residential
lots
with
that
said,
however,
if
the
board
wants
to
follow
the
association's
interpretation,
then
it
could
adopt
the
association's
position
that
fronting
means
in
front
of
and
amend
the
resolution
to
approve
only
the
portions
of
roadways
that
are
not
in
front
of
town
homes.
E
A
C
C
C
I
would
like
to
move
that
we
approve
hrcid
12-2021,
a
resolution
of
the
board
of
directors
of
the
harris
ranch
community
infrastructure,
district,
ada,
county,
idaho,
making
certain
findings
and
determinations
with
respect
to
certain
community
infrastructure
projects
within
the
district,
providing
for
related
matters
and
providing
an
effective
date.
Second,
second,.
D
D
As
I
read
my
role
as
an
infrastructure
district
board
member,
my
role
today
is
very
narrow
and
that
is
to
rule
whether
or
not
the
three
projects
that
were
presented
by
staff
that
are
before
us
are
eligible
for
reimbursement
through
the
infrastructure
district.
Do
they
meet
the
findings
necessary
to
meet
the
requirements
in
the
cid
act
and
if
they
do
do,
they
also
meet
the
requirements
of
the
development
agreement
which
defined
which
projects
within
this
particular
development
we
could
reimburse
in
reading
the
very
thorough
staff
report
on
those
three
very
specific
issues.
D
C
A
Thank
you
board
member
clegg
and
board
member
woodings
and
before
I
call
a
roll
call,
I
will
also
add
my
two
cents.
I
greatly
appreciate
all
the
input
that
we
have
received
today.
We've,
it's
been
very
thorough.
We've
reviewed
I've
reviewed
everything
we
have
received
today,
and
I
too
am
inclined
to
support
the
staff
report
and
staff
recommendations.
A
C
A
E
All
right
well,
mr
chair
members
of
the
board.
My
remarks
on
this
item
will
be
brief.
The
second
resolution
is
a
bond
resolution
that
will
support
a
bond
that
would
purchase
the
projects
in
question
from
the
previous
resolution,
as
well
as
any
projects
previously
approved,
we
had
an
initial
offer
from
zion's
bank
to
purchase
the
bonds
and
zions
bank
has
reaffirmed
that
offer.
It
has
provided
an
updated
term
sheet
that
was
sent
to
you
all
earlier
today
and
that
term
sheet
will
also
be
included
as
part
of
the
meeting
minutes.
E
The
size
of
the
bond
itself
will
depend
on
the
rate
on
the
day
of
of
closing
and
will
probably
be
a
little
under
5
million
dollars.
The
bond
resolution
authorizes
the
issuance
of
the
bond
subject
to
certain
parameters.
Those
parameters
are
number
one.
The
principal
amount
of
the
bond
cannot
exceed
5.2
million.
E
The
interest
rate
on
the
bond
as
measured
by
true
interest
cost
cannot
exceed
3.5
per
annum
and
the
final
maturity
of
the
bond
cannot
exceed
30
years
but
is
expected
to
have
a
15-year
maturity.
Those
are
the
major
points
of
the
bond
resolution
based
on
the
need
for
funding
for
the
three
projects
considered
under
the
project
resolution.
E
D
What
is
before
us
today
is
whether
or
not
now
that
we
have
found
three
projects
eligible
for
reimbursement
that
are
worth
more
than
the
amount
that
we
can
bond
for,
whether
or
not
we
should
go
ahead
and
issue
a
bond
so
that
we
can
begin
reimbursement
of
those
projects
and,
as
I
look
at
the
cid
act
and
my
responsibilities
as
a
board
member
under
that
act,
it
would
be
the
responsible
action
to
go
ahead
and
issue
those
bonds.
Once
we
found
those
projects
eligible
for
reimbursement,
and
for
that
reason
I
will
be
supporting
this
motion.