CDD meeting book · 2025-09-25

What the document adds#

• Jason Weg’s July 9, 2025 letter resigns from the district board effective immediately.

  Resignation letter · PDF page4 ↗ Opens a leaving notice in a new tab.

• The board accepted Menachem (Mark) Raksin’s Seat 4 resignation and appointed Yitzchok Braun.

  Minutes: March 19, 2025 · PDF pages5, 6 ↗ Opens a leaving notice in a new tab.

• The board approved the proposed FY2025–26 budget and draft substantial-form supplemental engineer and methodology reports. The delegation resolution was tabled to April 9.

  Minutes: March 19, 2025 · PDF page6 ↗ Opens a leaving notice in a new tab.

• The board moved future meetings to the project site at 11 a.m. and reset the budget-hearing details accordingly.

  Minutes: March 19, 2025 · PDF page7 ↗ Opens a leaving notice in a new tab.

• Residential benefit is allocated by unit size, with Emerald as one equivalent residential unit. Commercial allocations use 1,000-square-foot units.

  Preliminary methodology · PDF page17 ↗ Opens a leaving notice in a new tab.

• The master plan contains 272 townhomes, 162 duplex units, 144 Ranch, 404 Emerald, 213 Luxor and 105 Majestic homes, totaling 1,300 units.

  Preliminary methodology · PDF page19 ↗ Opens a leaving notice in a new tab.

• The master tables estimate $121,548,650 in project costs and model $135 million in bonds at 7.50% over 30 years, leaving $110,498,268 of construction funds. These are planning assumptions.

  Preliminary methodology · PDF pages21, 22 ↗ Opens a leaving notice in a new tab.

• The supplemental table estimates $28,685,055 of Series 2025 project costs, including $500,000 for wetland basins.

  Preliminary methodology · PDF page35 ↗ Opens a leaving notice in a new tab.

• Preliminary Series 2025 sizing models $9,055,000 par, $668,383 reserve, $278,441 capitalized interest, $381,100 issuance costs and $7,727,076 construction funds, at 6.15%. Final issuance differs.

  Preliminary methodology · PDF page36 ↗ Opens a leaving notice in a new tab.

• The supplemental tables use 199 residential units and approximately 209,836 commercial square feet, with annual debt assessments grossed up for collection fees and early-payment discounts.

  Preliminary methodology · PDF pages37, 39, 40 ↗ Opens a leaving notice in a new tab.

How to read this document#

Publisher title and filename use 2024; the PDF cover and agenda say 2025-09-25. This register uses the internal date.

Meeting books combine agendas, earlier minutes, proposals and exhibits. Recorded actions are attributed to the date of the enclosed minutes. Many minute copies have blank attestation lines.

Fact citations count PDF pages from the cover. RTF layout and printed packet numbering may differ. Summaries are selective; consult the original for complete wording and exhibits.

Agenda’s document index#

These are the agenda’s own printed page references, preserved as a finding aid. A listed item may be a proposal, repeated attachment or “under separate cover” notice.

• B. Proof of Publication · printed page 1
• C. Accept Board Member Resignation · printed page 2
• 1. March 19, 2024 Regular Board Meeting · printed page 3
• 1. Consider Resolution No. 2025-03 – Adopting a Fiscal Year 2025/2026 Meeting Schedule · printed page 6
• 2. Consider Resolution No. 2025-04 – Amending Resolution 2025-01 and Resetting the Public Hearing to Consider the Fiscal Year 2025/2026 Final Budget · printed page 8
• 3. Consider Resolution No. 2025-05 – Extending Terms of Office · printed page 10
• 4. Consider Approval of Preliminary Amended and Restated Master Methodology Report · printed page 12
• 5. Consider Approval of Preliminary Supplemental Methodology Report · printed page 26
• 6. Consider Resolution No. 2025-06 – Rescinding Prior Levy & Declaring Assessments · printed page 39
• 7. Consider Resolution No. 2025-07 – Setting Assessment Hearing · printed page 42
• 1. Proof of Publication · printed page 44
• 3. Consider Resolution No. 2025-08 – Adopting a Fiscal Year 2025/2026 Final Budget · printed page 46

Related claims#

• A master assessment methodology used planning assumptions of approximately $135 million maximum bond size.
• The September preliminary methodology estimates $28,685,055 for Assessment Area One. The July-dated engineering attachment in the October book gives $28,560,055 and uses a different wetland-basin amount.
• The September preliminary methodology models $9.055 million par at 6.15%, with $7,727,076 construction funds. The final Series 2025 issuance was $8.99 million.

Timeline events#

• March 19, 2025 · Braun appointed; bond delegation tabled

Original documents#

Published PDF ↗ Opens a leaving notice in a new tab. · Published RTF ↗ Opens a leaving notice in a new tab. · District document listing ↗ Opens a leaving notice in a new tab.

Page citations refer to the PDF. When supplied, the RTF version may have different formatting or omit images.