CDD meeting book · 2023-05-24

What the document adds#

• The organizational agenda proposes initial officers, six professional appointments, administrative policies, two annual budgets, funding agreements and an initial landowners’ meeting.

  Agenda · PDF pages2, 3 ↗ Opens a leaving notice in a new tab.

• The proposed Special District Services agreement sets management at $36,000 annually, paid $3,000 monthly, plus a $5,000 annual assessment-roll fee. These are terms, not evidence of payment.

  Proposed management agreement · PDF page8 ↗ Opens a leaving notice in a new tab.

• Proposed policies cover records, public comments, legal defense, investment, prompt payment, travel, internal controls and bank signatories. Later minutes in the August book document adoption and tabled items.

  Agenda · PDF pages2, 3 ↗ Opens a leaving notice in a new tab.

• Additional SDS terms include a 3% annual cap on CPI increases, $3,000 annual website management, $20,000 per bond issue, $15,000 for the master assessment methodology and $10,000 for each supplemental methodology.

  Proposed management agreement · PDF page8 ↗ Opens a leaving notice in a new tab.

• Kutak Rock’s initial hourly schedule lists $395 for partners, $270 for associates and $170 for paralegals. The agreement permits annual increases of up to $15 per hour without additional consent.

  Proposed counsel agreement · PDF page13 ↗ Opens a leaving notice in a new tab.

• The engineering schedule lists senior engineer/surveyor and landscape architect rates of $290 per hour, junior engineer/surveyor $190, senior drafter $120, junior drafter $95 and administration $45.

  Proposed engineer rate schedule · PDF page18 ↗ Opens a leaving notice in a new tab.

• The May 12, 2023 FMSbonds letter proposes a sole-lead underwriting role and a 2% fee on bonds issued, payable at closing and subject to modification. It expressly distinguishes underwriting from a financial or municipal advisory role and is not a firm financing commitment.

  Proposed underwriting engagement · PDF pages20, 21, 22 ↗ Opens a leaving notice in a new tab.

• U.S. Bank’s initial proposal lists $2,125 acceptance, an estimated $150 closing expense, $3,950 annual trustee/paying-agent/registrar fee, ongoing expenses at 7.50% of annual fees and estimated $6,250 trustee counsel. These are proposed fees, not amounts paid.

  Trustee fee proposal · PDF page25 ↗ Opens a leaving notice in a new tab.

• Greenberg Traurig proposes approximately $55,000 for the initial bond series plus $3,000 expenses, including assistance with validation. In an uncompleted financing, the letter contemplates discounted hourly charges subject to a cap and a developer funding agreement.

  Bond-counsel proposal · PDF page26 ↗ Opens a leaving notice in a new tab.

How to read this document#

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
• G. Consider Resolution No. 2023-01 – Election of Officers · printed page 2
• 1. Consider Appointment of District Manager · printed page 3
• 2. Consider Appointment of District General Counsel · printed page 9
• 3. Consider Appointment of Interim District Engineer · printed page 14
• 4. Consider Appointment of Investment Banker · printed page 17
• 5. Consider Appointment of Trustee · printed page 22
• 6. Consider Appointment of Bond Counsel · printed page 23
• 1. Consider Resolution No. 2023-02 – Designating a Registered Agent and Primary Administrative Office · printed page 25
• 2. Consider Resolution No. 2023-03 – Ratifying, Confirming and Approving the Recording of the Notice of Establishment · printed page 26
• 3. Consider Resolution No. 2023-04 – Designating Local Records Office · printed page 32
• 4. Consider Resolution No. 2023-05 – Adopting Records Retention Policy · printed page 33
• 5. Consider Resolution No. 2023-06 – Designating a Public Comment Period · printed page 37
• 6. Consider Resolution No. 2023-07 – Adopting Legal Defense Policy · printed page 40
• 7. Consider Resolution No. 2023-08 – Authorizing Chairman to Execute Plats, Permits and Conveyances · printed page 44
• 8. Consider Resolution No. 2023-09 – Adopting Alternative Investment Guidelines · printed page 46
• 9. Consider Resolution No. 2023-10 – Adopting Prompt Payment Policy · printed page 48
• 10. Consider Resolution No. 2023-11 – Approving Statewide Mutual Aid Agreement · printed page 61
• 11. Consider Resolution No. 2023-12 – Adopting Travel Reimbursement Policy · printed page 64
• 1. Authorization to Issue RFQ for Engineering Services · printed page 67
• 2. Authorization to Issue RFP for Auditing Services · printed page 69
• 5. Consider Resolution No. 2023-13 – Setting the FY 2022/2023 Regular Meeting Schedule and Location · printed page 73
• 6. Consider Resolution No. 2023-14 – Approving Proposed FY 2022/2023 Annual Budget and Setting a Public Hearing Date for Final Adoption · printed page 75
• 7. Consider Resolution No. 2023-15 – Approving Proposed FY 2023/2024 Annual Budget and Setting a Public Hearing Date for Final Adoption · printed page 82
• 8. Consider Budget Funding Agreement for Fiscal Year 2022/2023 · printed page 89
• 9. Consider Budget Funding Agreement for Fiscal Year 2023/2024 · printed page 97
• 10. Consider Resolution No. 2023-16 – Setting Public Hearing on the Rules of Procedure · printed page 105
• 11. Consider Resolution No. 2023-17 – Setting Public Hearing for Intent to Use Uniform Method of Collection · printed page 106
• 12. Consider Resolution No. 2023-18 – Designating a Qualified Public Depository · printed page 107
• 13. Consider Resolution No. 2023-19 – Establishing CDD Checking Account Signers · printed page 109
• 14. Consider Resolution No. 2023-20 – Adopting Internal Control Policy · printed page 110
• 15. Consider Resolution No. 2023-21 – Adopting Compensation for Board Members · printed page 116
• 16. Consider Resolution No. 2023-22 – Ordering and Calling for Initial Landowner’s Meeting and Public Notice Thereof · printed page 117

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.