►
Description
Please visit the following link for information on how to testify during virtual public hearings:
https://www.cityofboise.org/departments/finance-and-administration/city-clerk/virtual-meetings/
B
A
A
And
now
would
be
the
time
to
ask
if
there's
any
changes
or
additions
to
the
agenda.
If
not,
it
will
be
accepted,
as
noticed
all
right.
Second
item
on
the
agenda
is
approval
of
the
harris
ranch
infrastructure
district
number
one
minutes
of
may
12
2020.
A
Second,
moved
and
seconded
any
discussion.
All
those
in
favor,
aye
aye
motion
carries
I'll
note
that
everyone
was
an
eye.
So
I
didn't
ask
for
nays
sorry
item
number
three
on
the
agenda
is
the
fy
2021
budget
workshop
and
our
first
presenter?
Maybe
our
only
presenter
is
david
hassagaba
welcome
david.
C
E
Yes,
all
right.
Well
then,
madam
president,
members
of
the
board
and
those
who
are
watching
online,
it's
good
to
see
everyone
again.
As
you
know,
I
am
david
hassagawa.
I
am
the
district
manager
and
in
today's
budget
workshop
I
will
present
the
fiscal
2021
proposed
budget
and
the
purpose
of
today's
meeting
is
to
obtain
your
feedback
and
confirm
the
direction
for
the
budget.
E
E
So
up
on
the
screen,
we
have
the
proposed
fiscal
2021
budget.
It
follows
pretty
much
the
the
same
structure
that
we've
had
in
years.
Past
revenue
and
expenditures
are
divided
up
into
three
different
categories.
We
have
administration,
general
obligation,
bond
debt
service
and
then
the
special
assessment
bond,
and
so
the
purpose
of
the
infrastructure
district
itself
is
to
accelerate
development,
and
so
the
vast
majority
of
any
revenues
collected
are
going
to
be
used
to
pay
for
debt
service.
E
That
will
be
then
refunding
projects
that
infrastructure
projects
that
have
been
completed
within
the
district
and
so
a
couple
of
notes
in
the
administration
category.
You
can
see
that
that
we
have
a
fifteen
thousand
dollar
line
item
for
administration
and
then
twenty
five
thousand
dollar
for
contingencies.
E
We
have
not
had
need
to
to
use
that
contingency
to
this
point,
but
it
is
there
in
case
we
do
have
a
large
event
and
then,
within
the
general
obligation,
the
new
general
obligation
bond,
the
3.6
million.
We
expect
only
about
2
million
in
bond
revenue
for
this
fiscal
year,
the
additional
1.6
million-
if
you
recall
for
those
of
you
that
were
here
last
year,
if
you
recall,
we
did
get
an
offer
from
a
lender
to
for
a
20-year
bond
as
opposed
to
what
we
had
expected
previously
was
a
15-year
this
year.
E
Okay,
a
couple
of
highlights:
I
mentioned
that
the
administrative
levy
itself
is
fifteen
thousand
dollars
and
then.
C
E
Have
a
the
additional
contingency
or
unallocated
amount
of
of
about
seventeen
hundred
dollars-
I
guess
at
sixteen
hundred
dollars
and
then
for
the
debt
service
payment
about
eight
hundred
and
thirty.
Four
thousand
for
this
year
will
be
used
for
existing
general
obligation
debt
and
then
the
special
assessment
will
be
400
and
401
000.
E
So
what,
as,
as
I
pointed
out,
what
is
unique
about
the
budget
here
is
it's
really
all
the
revenue
is
coming
from
taxation
specifically
to
be
used
for
bond
service,
existing
bond
debt
service
or
towards
new
bonds
that
that
will
be
issued
in
the
upcoming
year.
E
Last
slide
on
the
highlights
a
couple
of
considerations
that
we
give
in
terms
of
the
debt
service
itself
when
the
district
was
originally
created.
It
was
given
by
vote
authorization
for
up
to
50
million
dollars
to
be
issued
in
general
obligation
debt,
that's
separate
from
the
special
assessment
side
and
a
maximum
of
30
years
in
duration.
E
The
way
that
the
district
works
is
that
each
year
as
property
values
increase,
the
additional
incremental
value
of
increase
is
used
to
issue
new
debt.
Currently,
there's
about
16
million
of
debt
that
is
outstanding
and
the
actual
levy
amount
that
is
used
for
debt
service
is
2.85
mills
or
0.2.
E
A
Questions
david
question:
you'll:
go
into
it
later
on
what
we
expect
to
spend
the
money
on
this
year
right.
E
Yeah,
absolutely
I
I
don't
have
a
slide
on
that's
all.
I
can
address
it
right
now
we
have,
most
of
it
will
be
used
to
refund
the
roundabouts
that
have
been
already
constructed.
Those
are
the
ones
on
on
warm
springs
boulevard
and
then
we're
also
looking
at
probably
an
easement
for
that
was
issued
in
2007
environmental
easement.
So,
ultimately,
there's
about
five
million.
I'm
getting
ahead
a
little
bit,
there's
about
five
million
in
pending
invoices,
and
we
only
expect
to
issue
about
two.
C
E
The
items
that
we
expect
to
address
primarily
roundabouts,
as
we
will
not
be
able
to
issue
enough
to
cover
the
full
amount
of
outstanding
invoices.
A
Thank
you,
and
just
as
a
reminder
to
the
public
who
may
be
watching
the
way
the
infrastructure
district
works
is
that
it's
actually
reactive
after
things
have
been
built.
It
refunds
the
cost
of
those
based
on
the
plan
that
was
adopted
when
the
master
plan
was
was
created.
E
Right
so
here
is
a
multi-year
comparison
and
if
you
look
at
the
property
tax
line,
you
can
see
it
starts
in
2018
at
435
000,
moving
up
to
the
1
million
mark
for
fiscal
2021
and
the
that
dramatic
rise
represents
how
steeply
property
values
have
increased
within
the
district,
and
the
next
slide
will
actually
cover
those
those
increases.
But
the
revenue
from
that
goes
to
cover
bond
debt
service
and
then,
as
you
look,
you
can
tell
additionally
that
bond
proceeds.
Those
amounts
are
not.
E
E
In
terms
of
the
administrative
costs
moving
over
to
the
expenditure
side,
those
administrative
costs
have
risen.
We've
been
building
at
a
cost
of
adjustment
as
the
the
the
amount
of
hours
that
the
staff
puts
in
between
the
city
engineer,
the
deputy
attorney
deputy
city
attorney
and
myself
is
about
400
hours
per
year,
and
so
we've
tried
to
bring
that
up
to
match
the
amount
of
work
that's
going
in
and
then
the
other
side
is.
Those
administrative
costs
also
go
to
cover
bond
counsel.
A
D
D
E
This
next
slide
is
the
actual
property
values
within
the
district,
starting
in
2016.
and
so
year.
Over
year,
we've
we've
since
2016
we've
had
about
40
percent
increases.
E
This
year
we
only
had
a
19
increase
and,
according
to
ada
county,
that
increase
entirely
came
from
new
construction,
so
they
are
not
estimating
that
there
was
any
property
value
increase.
Now
this
is
their
initial
estimate.
They've
made
some
pretty
big
revisions
between
march
and
and
june,
so
once
june
is
over
I'll,
be
getting
another
estimate
from
them
just
to
get
a
better
understanding
and
to
see.
If,
if
things
change,
excuse
me,
my
cat
is
trying
to
button
in
on
the
presentation
all
right,
any
questions.
E
All
right.
I
already
covered
the
existing
invoices
so
I'll
just
focus
on
the
taxpayer
impact.
There
are
three
different
types
of
taxes
that
the
residents
of
harris
ranch
will
see.
One
covers
the
debt
service
and
that
one
is
the
standard
levy
that
that
you
expect
to
see
and
that
actually
gets
combined
with
the
administrative
levy,
so
those
two
amounts
show
up
as
a
percentage
of
the
property
value.
E
The
special
assessment
is
a
different
type
of
debt
and
that
one
is
based
off
of
the
acreage
of
the
property
itself,
so
that
one
is
that's
why
that
is
just
the
245,
because
it's
based
on
the
average
property
size
of
a
house
within
harris
ranch.
E
So
before
I
go
into
the
next
meetings,
that
is
the
the
presentation
on
the
budget
itself.
I
welcome
any
comments
or
or
feedback
for
for
direction
on
the
district.
C
C
Did
they
have
questions
in
advance
ever
on
that
cid
payment
that
they're
making,
in
addition
to
their
regular
property
taxes,
or
does
anybody
ever
show
any
surprise
when
that
shows
up
I'm
just
kind
of
curious
how
that
works
out.
B
This
is
doug.
We
have
a
complete
buyer's
package
that
has
everything
in
it
from
ccnrs
to
cid
disclosures
to
an
actual
thumb,
drive
of
the
reality
virtual
reality.
Video
of
what
harris
ranch
will
look
like
in
the
future
as
well.
B
As
you
know,
some
other
things
for
buyers
to
you
know
pick
up
posters
and
information
on
the
harris,
ranch
wildlife
mitigation
association
and
a
guidebook
on
wildlife
in
the
foothills
and
along
the
river
and
we're
required
to
at
every
closing,
have
a
cid
disclosure
signed
by
all
the
buyers
before
at
closing,
so
they
they
are
informed
in
advance
of
the
closing.
So
it
doesn't
come
as
a
surprise.
A
D
Sorry,
madam
chair,
either
hi
for
david
or.
D
Or
any
of
you
I
I'm
just
wondering
are,
are
you
are
we
at
where
we
expected
to
be
at
this
point
farther
ahead?
This
far
into
the
cid
in
terms
of
expansion
and
what's
been
built.
B
We
are
surprised
that
the
increase
this
year,
at
least
for
right
now,
is
19
instead
of
in
that
40
area,
and
so
we're
looking
at
that
in
conjunction
with
conversations
with
david
and
because
we
just
well,
we
just
want
to
make
sure
that
you
know
everything's
being
included
and
there
was
a
small
part
of
harris
north
that
was
not
and
the
cid,
but
because
our
sales
have
remained
very
constant
and
and
overall
have
increased,
and
the
other
concern
is,
you
know
as
problematic
as
appreciation
is
based
on
last
year's
property
taxes.
B
If
there
was
just
five
percent
appreciation,
that
would
be
a
significant
increase
in
and
of
itself.
So
we're
you
know
a
little
disappointed
by
the
19
increase,
but
we're.
B
We're
in
the
process
of
visiting
that
and
and
and
seeing
if
there's
anything
that
we
may
have
missed.
B
That
being
said,
if
it's
okay,
we
have
in
escrow.
B
Being
built
currently,
if
it's
okay,
to
give
a
brief
update,
we
just
pulled
curb
and
gutter
on
64
townhouse,
lots
and
that
are
in
escrow
already
sold,
and
we
and
also
four
more
30
unit
condominium
projects,
which
I
am
free
to
announce
and
have
the
okay.
That,
even
though.
B
B
Apartment
project
that
are
making
their
way
through
the
system,
and
then
lastly,
we
have
one
more
175
unit,
condo
project
that
we
haven't
even
turned
into
applications
for
yet.
A
David
doug
in
follow-up
to
tj's
question
and
your
response.
It's
also
true
that
if
that
valuation
estimate
is
low,
we
have
the
ability
to
increase
our
budget
and
increase
the
the
geo
bond.
Is
that
correct?
E
So
the
we
can,
we
can
increase
the
amount
that
will
be
used
for
general
obligation
debt
if
it
needs
a
certain
test,
and
so
it's
at
that
2.85
mils,
and
so
as
long
as
there
is
additional
room
we
can
add
on
at
this
point
they're
based
on
the
estimate
from
the
county
to
date,
there
is
no
additional
room
to
add
on
anything
above
two
million.
E
A
And,
and
if
I'm
not
mistaken,
though
in
the
past,
in
order
to
stay
at
the
0.285
mill,
if
it
were
to
go
up,
we
would
actually
issue
would
we
would
we
issue
some
short-term
debt
and
then
release
it
into
next
year?
How
would
because
our
objective
is
to
stay
at
the
0.285
mill?
How
would
we
do
that.
E
Yeah,
so
ultimately,
what
we
will
do-
and
I
hope
this,
madam
chair-
I
hope
this
this
answers
the
question:
if
there
is
any
additional
room
we
will
find
out
about
it
from
the
estimate
from
the
final
estimate
that
we
received
from
the
county
in
mid-july
and
the
the
contingency
that
I
mentioned,
of
about
1.6
million,
we
would
adjust
that
and
when
we
go
before
the
board
again
in
august,
we
will
request
that
the
board
approve
a
bond
resolution
that
appropriates
some
of
that
1.6
million
to
go
up.
E
Good,
yes,
and
one
more
point,
you
know
when,
when
doug
expressed
a
disappointment
about
the
the
19
part
of
the
the
reason
we
are
looking
to
and
that's
something
that
I
forgot
to
mention,
but
we
do
have
about
2.4
million
dollars
that
we
estimate
in
interest
expense
that
the
district
also
owes,
in
addition
to
the
5
million
in
invoices,
and
so
we
ultimately
want
to
refund
projects
in
as
expedient
a
manner
as
possible
to
halt
the
any
additional
interest
accrual.
E
So
that's
that
is
important
for
for
the
district.
It's
something
that
we're
ultimately
looking
to
to
balance
for,
for
the
taxpayers
it
can
be
financially
responsible
is,
is
halt.
E
Accruals
and
and
pay
back
these
projects
in
as
quickly
and
timely
a
manner
as
possible.
A
A
E
D
A
E
Well,
madam
chair,
the
the
next
steps
are,
we
will
have
the
public
hearing
on
july
21st,
which
will
match
with
the
city's
public
hearing
as
prior
to
that
the
district
will
be
posting
notices
throughout
the
neighborhoods
themselves,
as
well
as
advertising
in
the
idaho
statesman.
E
So
that
will
be
our
july
21st
public
hearing,
as
as
we
discussed
at
the
beginning
of
the
meeting,
I
do
expect
that
this
time
there
will
be
public
participation
in
that
hearing
and
then,
finally,
with
the
august
25th
that
I
would
like
to
propose
that
that
be
our
date
or
sometime
close
to
then
to
go
through
the
assessment
role.
E
So
the
engineers
report
that
we'll
set
the
amount
that
will
be
used
for
the
special
assessment
pawns
that
meaning
also
will
will
approve
the
bond
resolution
for
the
actual
issuance
and
then
certify
the
fiscal
2021
budget.
So
would
ask
if
that
date
works
for
the
board.
Then
I'll
work
with
amanda
to
set
that
up.
A
Remind
me,
I
assume,
you've
checked
this
with
amanda
and
we
already
have
a
regular
city
council
meeting.
That's
also
certifying
the
city
council
budget
that
that
evening
is
that
correct.