1
00:00:04,730 --> 00:00:09,130
We're going to call the order, especially in the board of trustees, for Panorama Public

2
00:00:09,130 --> 00:00:15,530
Infrastructure District number one, this Monday, March 16, 2026 at 2.30 p.m., the media

3
00:00:15,530 --> 00:00:21,770
is being held at the office of York Hall and South Jordan. Utah, let's do a group call

4
00:00:21,770 --> 00:00:26,950
today. I made a sound job in a district council. Stand in the dark, district council,

5
00:00:26,950 --> 00:00:27,450
the paralegal.

6
00:00:31,170 --> 00:00:37,350
Jim Giles, district president, Brian Flam, org member,

7
00:00:41,380 --> 00:00:42,680
Erin Wade Gilmore-Bill.

8
00:00:43,840 --> 00:00:48,160
Are she Stevens Gilmore-Bill? Shelby Climber with CLA.

9
00:00:49,620 --> 00:00:50,860
Ben Willhelm, D. A. Davidson.

10
00:00:55,040 --> 00:00:57,760
Mary Barnes. Okay, go ahead, Mary.

11
00:00:58,320 --> 00:01:05,340
Get Mary Barnes Gilmore-Bill. Thanks, everyone. We're just going to follow our agenda today. We have

12
00:01:05,340 --> 00:01:10,460
military action items. We do have two concern items, the first of which is to

13
00:01:10,460 --> 00:01:16,160
approve the draft minutes from the February 18th, 2026 board meeting. The board

14
00:01:16,160 --> 00:01:20,900
did receive its pack at these meeting minutes. I'm going to ask if there are any

15
00:01:20,900 --> 00:01:22,960
questions from the board on the minutes.

16
00:01:24,990 --> 00:01:28,730
I have none. Okay, do we have a motion to

17
00:01:28,730 --> 00:01:32,070
adopt the minutes of the February 18th, 2026 board meeting?

18
00:01:35,190 --> 00:01:36,090
I'll make a motion to

19
00:01:36,090 --> 00:01:37,950
approve the minutes from February 18th, 2026.

20
00:01:39,030 --> 00:01:40,030
I'll second that.

21
00:01:41,090 --> 00:01:43,130
All in favor say irs.

22
00:01:43,350 --> 00:01:43,770
Aye.

23
00:01:44,490 --> 00:01:44,890
Aye.

24
00:01:45,390 --> 00:01:46,510
Thank you motion.

25
00:01:46,670 --> 00:01:47,890
That's the form of the board.

26
00:01:48,630 --> 00:01:49,890
Did you get that?

27
00:01:50,010 --> 00:01:52,290
That was Jim Giles made the motion.

28
00:01:53,390 --> 00:01:54,550
Pardon the second.

29
00:01:55,070 --> 00:01:57,150
Placement to our seconds.

30
00:01:57,970 --> 00:02:00,090
Approval item set item.

31
00:02:00,190 --> 00:02:03,970
This is to approve and ratify payment applications and requisitions.

32
00:02:03,970 --> 00:02:10,250
the last four meetings. This is a requirement of our acquisition of reimbursement agreement

33
00:02:10,250 --> 00:02:21,730
to ratify these payments, requisitions. Do we have any questions? Shelby, we did have

34
00:02:21,730 --> 00:02:26,470
a few, I think. We did. We had a handful from the first two cost

35
00:02:26,470 --> 00:02:30,830
specifications, which included the initial land reimbursement as well.

36
00:02:32,270 --> 00:02:40,050
Thank you. All right. Go ahead. As I was asking right here, we've got all that dialed

37
00:02:40,050 --> 00:02:45,410
for most questions and he said yes, so I'm good. Great. So do we have a motion to approve

38
00:02:45,410 --> 00:02:50,930
and ratify all payment applications and requisition requests made since the last board meeting

39
00:02:50,930 --> 00:02:53,050
on February 18th, 2026.

40
00:02:54,710 --> 00:02:57,990
I'll make a motion to approve item number two on the consent.

41
00:03:00,070 --> 00:03:02,410
I'll second that.

42
00:03:03,490 --> 00:03:04,690
All in favor say aye.

43
00:03:04,830 --> 00:03:05,070
Yes.

44
00:03:05,650 --> 00:03:06,010
Aye.

45
00:03:07,960 --> 00:03:10,500
Thank you motion passes by form of the board.

46
00:03:10,720 --> 00:03:12,200
Let's move to our action items.

47
00:03:12,500 --> 00:03:17,360
First action item is to consider adoption of the mended tentative operating capital

48
00:03:17,360 --> 00:03:24,480
budget for calendar year 2026 or panorama PID number one and a set of public hearing to take public

49
00:03:24,480 --> 00:03:32,560
comment on the same. The board did receive the proposed amended tentative budget in your packet.

50
00:03:33,240 --> 00:03:37,580
We're going to turn the time over to Shelby to go over that with the board and answer any questions.

51
00:03:38,760 --> 00:03:44,060
Thanks Tom. Board, I'm going to share my screen just to walk through this pretty quickly. So this

52
00:03:44,060 --> 00:03:49,540
This budget amendment is directly related to the bond issuance that's currently in progress.

53
00:03:49,800 --> 00:03:53,840
So this would account for that bond issuance and related activity.

54
00:03:54,560 --> 00:04:00,340
So the first page here is to amend what would be a new fund of the district, the debt service

55
00:04:00,340 --> 00:04:03,240
fund for the 2026 special assessment bonds.

56
00:04:03,920 --> 00:04:08,840
Primary activity here would be a transfer in from the capital projects fund, which is anticipated

57
00:04:08,840 --> 00:04:13,120
to cover capitalized interest and also fund a reserve fund.

58
00:04:13,120 --> 00:04:19,600
and then at this point in time an anticipated bond interest payment to be made from capitalized interest.

59
00:04:21,060 --> 00:04:24,220
Then the second page here is the Capital Projects Fund.

60
00:04:24,880 --> 00:04:33,540
We did have an initial budget for 2026 so this would be to amend that budget again to account for the anticipated bond issue.

61
00:04:34,140 --> 00:04:39,160
So we've got about 11.1 million in estimated bond proceeds slated in here.

62
00:04:39,160 --> 00:04:46,240
also accounted for bond issue costs, and then the transfers to the debt service fund for that

63
00:04:46,240 --> 00:04:52,500
capitalized interest and reserve fund, everything else really unchanged from the original budget.

64
00:04:54,020 --> 00:04:59,180
Any questions on this or any kind of feedback or comment from the board?

65
00:05:01,040 --> 00:05:05,700
No questions from me. No questions. Okay.

66
00:05:06,800 --> 00:05:07,500
Thanks, Shelby.

67
00:05:07,740 --> 00:05:08,580
Appreciate that.

68
00:05:08,720 --> 00:05:11,680
Do we have a motion approving the amended intended budget?

69
00:05:12,740 --> 00:05:17,580
Can you turn on the PID number one and setting a public hearing to take comment on the

70
00:05:17,580 --> 00:05:17,800
budget?

71
00:05:19,140 --> 00:05:20,900
I'll make a motion to approve as stated.

72
00:05:22,460 --> 00:05:23,240
Oh, second.

73
00:05:24,000 --> 00:05:24,920
Yes, I'll second it.

74
00:05:25,700 --> 00:05:26,200
Thanks, Brian.

75
00:05:26,440 --> 00:05:26,740
All right.

76
00:05:29,140 --> 00:05:29,580
Hi.

77
00:05:30,580 --> 00:05:31,480
Thank you, motion.

78
00:05:31,600 --> 00:05:34,340
Does it pass by forum of the board?

79
00:05:34,340 --> 00:05:41,200
Do we want to take time now to identify a time for the public hearing day, next meeting,

80
00:05:42,860 --> 00:05:46,020
or would you prefer we center around some proposed times?

81
00:05:49,210 --> 00:05:50,730
Oh, we can, when are we thinking?

82
00:05:51,350 --> 00:05:52,550
What does it need to be soon?

83
00:05:54,030 --> 00:05:55,530
So we need at least seven days.

84
00:05:56,870 --> 00:05:57,350
And

85
00:05:59,370 --> 00:06:03,650
this can be adopted, the final budget can be adopted after the bond issuance.

86
00:06:05,710 --> 00:06:10,430
So you had to do this ahead of the bond offering being posted or priced.

87
00:06:11,490 --> 00:06:20,870
Okay, so do you want to take care of the final budget approval by the four bond closing or after then?

88
00:06:22,110 --> 00:06:26,350
I think for sometime between pricing and closing might be nice.

89
00:06:27,090 --> 00:06:28,730
I don't know where and if you have a preference.

90
00:06:28,730 --> 00:06:34,370
That's no strong preference for you tonight to be able to

91
00:06:37,920 --> 00:06:39,600
look quickly here.

92
00:06:47,640 --> 00:06:53,340
We would anticipate pricing on the 8th of this new set, so I think that should work

93
00:06:53,340 --> 00:06:54,320
from our standpoint.

94
00:06:54,380 --> 00:06:54,520
Yeah.

95
00:06:54,760 --> 00:06:55,640
April 9th works.

96
00:07:00,590 --> 00:07:01,590
Morning or afternoon.

97
00:07:02,150 --> 00:07:06,470
Nate and I are both going to be that spring break for our neck of the woods, so I know Nate

98
00:07:06,470 --> 00:07:07,770
and I will both be out of town out week.

99
00:07:08,830 --> 00:07:09,230
Okay.

100
00:07:10,250 --> 00:07:12,290
You won't do it that way.

101
00:07:12,290 --> 00:07:13,430
but I can do the following week,

102
00:07:14,050 --> 00:07:16,830
anytime after the 14th.

103
00:07:19,850 --> 00:07:20,410
Okay.

104
00:07:21,450 --> 00:07:23,210
Does this affect the closing date?

105
00:07:23,670 --> 00:07:27,570
Closing date is expected to be on the 15th.

106
00:07:27,650 --> 00:07:28,530
This is what we're targeting.

107
00:07:29,410 --> 00:07:32,750
So if you can do 13 to 14th, I think we could be fine.

108
00:07:35,030 --> 00:07:37,050
So she's the 14th.

109
00:07:37,090 --> 00:07:39,810
So the 14th, let's see here.

110
00:07:39,810 --> 00:07:40,830
So,

111
00:07:45,160 --> 00:07:52,180
so we can do about 10 o'clock, works for me,

112
00:07:55,280 --> 00:07:55,420
right?

113
00:07:56,280 --> 00:08:11,680
I don't, I don't, I don't know Nate's schedule, but I don't land until it's a red eye coming back. So I land at 10 o' 4 on the 14th in the morning.

114
00:08:15,740 --> 00:08:16,960
about 3.30.

115
00:08:22,100 --> 00:08:27,020
The other option, we have a we have a partner's meeting Wednesday morning. What if we?

116
00:08:27,900 --> 00:08:38,170
Yeah, I mean, that works for me at 3.30 on the 14th. Okay, what 3.30? Wish me. Okay, and then Brian, we check with Nate.

117
00:08:40,530 --> 00:08:43,970
I mean, we can. Yeah, we can obviously adopt.

118
00:08:45,410 --> 00:08:50,630
I'm looking at it, Nate shows he's in town and he doesn't show anything on his calendar so it should be fine.

119
00:08:51,090 --> 00:08:56,510
Okay, let's do that. The 14th at 330.

120
00:08:57,790 --> 00:08:59,510
Shelby, how many years have worked for you?

121
00:09:00,050 --> 00:09:00,670
That works.

122
00:09:01,470 --> 00:09:01,750
Aaron?

123
00:09:04,680 --> 00:09:11,140
You know, I don't have it in front of me, but you'll be fine whether we're on or not, so no.

124
00:09:11,820 --> 00:09:12,260
Okay.

125
00:09:12,260 --> 00:09:17,960
No issue will make it work if we're needed. Yep. Great. Well, then let's move on. Thanks for taking

126
00:09:17,960 --> 00:09:23,000
the time to select the date. Let's move on to our second action item, which is to consider

127
00:09:23,000 --> 00:09:30,520
approving G 17 disclosure for DA Davidson. This disclosure was also providing your board packet.

128
00:09:31,140 --> 00:09:37,340
Ben, I'm going to turn the time over to you to see if the board has any questions about the G 17 disclosure.

129
00:09:37,340 --> 00:09:46,160
Yeah, just a reminder MSRB rules require us to have you guys acknowledge that we're not municipal advisor.

130
00:09:47,340 --> 00:09:48,680
We're a bond underwriter.

131
00:09:49,300 --> 00:09:52,340
You guys acknowledge this in the past just over email.

132
00:09:52,700 --> 00:09:56,180
I threw it on the agenda for the board for convenience.

133
00:09:56,720 --> 00:09:58,360
So let me know if there are any questions.

134
00:10:00,960 --> 00:10:01,760
I don't have any questions.

135
00:10:04,060 --> 00:10:09,820
Okay. Do we have a motion approving the G17 disclosure letter and authorizing the district

136
00:10:09,820 --> 00:10:11,140
chair to sign it?

137
00:10:16,240 --> 00:10:22,780
I'll make a motion to approve that statement. I'll second it. All in

138
00:10:22,780 --> 00:10:28,580
favor say aye. Aye. Aye. Thank you motion passes by form of the board.

139
00:10:28,580 --> 00:10:35,340
Let's now move to our third action item, which is to consider engaging an assessment administrator

140
00:10:35,340 --> 00:10:41,180
and authorizing the district chair to sign the engagement letter of the district,

141
00:10:41,660 --> 00:10:46,640
excuse me, assessment administrator. The board did receive its packet of proposal from

142
00:10:46,640 --> 00:10:52,800
CLA to provide assessment administrative services to the district. Turn the time back forward,

143
00:10:52,800 --> 00:10:55,520
we shall be to answer any questions.

144
00:10:57,920 --> 00:10:58,760
Thanks, Tom.

145
00:10:59,100 --> 00:11:00,620
Board just a quick overview.

146
00:11:00,800 --> 00:11:07,480
We did include a short proposal in your meeting packet for today based on the anticipated

147
00:11:07,480 --> 00:11:11,160
structure, number of lots within the assessment area.

148
00:11:11,560 --> 00:11:19,140
We were estimating kind of not to exceed 2500 to 3000 per year, which would be kind of dependent

149
00:11:19,140 --> 00:11:21,580
upon level of activity each year.

150
00:11:21,580 --> 00:11:27,600
So if you have higher number of lot sales in one year, we could be on the higher end if you, you know, kind of have

151
00:11:27,600 --> 00:11:31,360
zero through this capitalized interest period that would be lower. So

152
00:11:33,300 --> 00:11:37,540
I guess at that, I would just kind of open it up for any questions or discussion.

153
00:11:41,000 --> 00:11:41,980
Any questions, Brian?

154
00:11:44,930 --> 00:11:45,050
No.

155
00:11:46,270 --> 00:11:49,850
I'm assuming this is built around our takedown schedule to be submitted.

156
00:11:55,200 --> 00:12:04,380
We haven't seen that, but I did talk to Ben about, again, just kind of the anticipated flow years.

157
00:12:04,860 --> 00:12:09,760
There's an annual fee, correct Shelby, for administering the assessment.

158
00:12:10,140 --> 00:12:18,360
We have a takedown schedule anticipated as they sell lots, they'll pay off the associated decision.

159
00:12:18,360 --> 00:12:23,220
I mean, as you see on other projects and they're expecting about two and a half probably

160
00:12:23,220 --> 00:12:31,200
to three years of payoffs before they'll fully pay off the bond under this run.

161
00:12:31,980 --> 00:12:32,040
Okay.

162
00:12:32,460 --> 00:12:33,060
Yep, yep.

163
00:12:33,220 --> 00:12:40,240
I think then that's, yeah, that fees, again, kind of, we'd be on the kind of higher end of

164
00:12:40,240 --> 00:12:44,220
that fee range then, if all goes to plan.

165
00:12:44,220 --> 00:12:45,160
and

166
00:12:47,180 --> 00:12:49,680
the fee was baked into our bond runs.

167
00:12:50,160 --> 00:12:51,600
So there's nothing new that you haven't seen

168
00:12:52,080 --> 00:12:53,180
as far as what we're.

169
00:12:53,360 --> 00:12:53,560
Perfect.

170
00:12:56,260 --> 00:12:59,720
Well, that said, then, I'll make a motion

171
00:12:59,720 --> 00:13:02,340
to approve action at number three as stated.

172
00:13:04,670 --> 00:13:05,490
I'll second it.

173
00:13:06,690 --> 00:13:08,270
All in favor say, yes.

174
00:13:08,990 --> 00:13:09,450
All right.

175
00:13:09,850 --> 00:13:09,970
Hi.

176
00:13:10,690 --> 00:13:12,970
Thank you, motion passes by board of the board.

177
00:13:13,290 --> 00:13:15,130
Let's move on to our board.

178
00:13:15,970 --> 00:13:22,150
This is considered engaging the dissemination agent and authorizing the district chair to sign the engagement letter.

179
00:13:23,430 --> 00:13:31,390
A proposal was received by DAAC to provide dissemination agent services to the district.

180
00:13:31,730 --> 00:13:37,800
That proposal was in your board packet.

181
00:13:38,700 --> 00:13:45,220
Maybe I'll just shoot the time over to Ben in case the board has any questions about that.

182
00:13:45,220 --> 00:13:55,960
Yeah, so this is just having a specific designated firm that will help with the ongoing continuing disclosure obligation of the district.

183
00:13:56,920 --> 00:14:13,760
This is something that we've just established as a best practice so that the market, the bond market of investors has information that's above board on a quarterly basis with regards to the progress of the development.

184
00:14:14,340 --> 00:14:34,340
The numbers were included in our bond financing plan, so nothing that you haven't seen before, but this is just something that we're asking so that for purposes of managing our investor accounts that hold the bonds that they'll have a way to get the information in a timely manner.

185
00:14:34,340 --> 00:14:42,460
So I think it helps you guys from the standpoint of, you know, we're making sure that the quarterly

186
00:14:42,460 --> 00:14:49,820
continuing disclosure filings are done in a timely fashion and a complete fashion and it helps

187
00:14:49,820 --> 00:14:55,400
with future bond issuances knowing that the bondholders who are buying these deals have access to the

188
00:14:55,400 --> 00:14:59,980
information on the ongoing progress of the development, so they're more likely to-

189
00:15:00,000 --> 00:15:28,500
By future transactions as well. So I'm going to answer any questions. I don't know. Any questions? Pretty straightforward. Any. Thanks, Ben. Appreciate. All right. Do we have a motion to approve the DAC dissemination agent services agreement and authorizing the district chair to sign? I'll make the motion to approve action item number four as stated. Second. All in favor say aye, yes. Aye.

190
00:15:28,500 --> 00:15:39,360
Thank you. Motion passes by the board. Let's move to our 5th item. Resolution of the board of trustees or

191
00:15:40,580 --> 00:15:48,140
Anorama public infrastructure district number one. We're going to turn the time over to Aaron or Darcy

192
00:15:49,200 --> 00:15:56,220
To go through this resolution. And by the way, I think this will be resolution 2020

193
00:15:56,220 --> 00:16:03,200
20, excuse me, 2026, 022 will be the numbering on this resolution.

194
00:16:03,880 --> 00:16:04,600
Thanks, Tom.

195
00:16:05,040 --> 00:16:07,240
This is Darcy Stevens with Gilmore Bell,

196
00:16:07,400 --> 00:16:09,120
Bond Council to the District.

197
00:16:09,600 --> 00:16:13,100
And as you know, we've previously come before the board

198
00:16:13,100 --> 00:16:16,460
to have the Bond documents approved for the Special Assessment

199
00:16:16,460 --> 00:16:18,280
Bond Series 2026.

200
00:16:19,020 --> 00:16:23,360
Today's resolution approves a draft of the preliminary official

201
00:16:23,360 --> 00:16:30,200
statement which will be used in connection with the issuance of the 2026 bonds. And the

202
00:16:30,200 --> 00:16:35,180
final official statement which will have all of the final terms for the bonds will be in

203
00:16:35,180 --> 00:16:39,940
substantially the same form as the preliminary official statement before you.

204
00:16:41,300 --> 00:16:48,180
The section, the resolution is very short. It approves the use and distribution of the preliminary

205
00:16:48,180 --> 00:16:56,820
official statement. Section 3 also approves future lot sales and equity of the developer to be

206
00:16:56,820 --> 00:17:01,660
used to finance a portion of the improvements. It's deemed a construction loan for purposes

207
00:17:01,660 --> 00:17:06,880
of the Assessment Area Act to the extent any of those are used to finance the public improvements.

208
00:17:08,680 --> 00:17:17,280
And the specific, if you have any specific questions about the contents of the preliminary

209
00:17:17,280 --> 00:17:23,100
official statement, Aaron's on the phone, and he could answer those, and otherwise I'm happy to answer any questions about the resolution.

210
00:17:27,530 --> 00:17:28,030
Anything, Brian?

211
00:17:33,160 --> 00:17:33,340
Nope.

212
00:17:35,640 --> 00:17:35,960
Okay.

213
00:17:36,180 --> 00:17:44,900
Do we have a motion to adopt resolution 202602 for an or another public infrastructure district number one?

214
00:17:45,340 --> 00:17:46,280
That's a statement.

215
00:17:47,660 --> 00:17:49,300
I'll make a motion to prove as stated.

216
00:17:51,160 --> 00:17:52,100
All the things.

217
00:17:54,020 --> 00:17:56,020
Thanks. I'll be there to say I. Yes.

218
00:17:56,240 --> 00:17:56,960
All right.

219
00:17:57,440 --> 00:17:57,620
I.

220
00:17:58,360 --> 00:17:59,620
Thanks motion passes.

221
00:18:00,160 --> 00:18:01,300
The core of the board.

222
00:18:01,580 --> 00:18:03,640
Let's move to our final action item number six,

223
00:18:03,640 --> 00:18:08,120
which is to consider accepting the Q4 financial statement for calendar year 25.

224
00:18:09,300 --> 00:18:10,340
For a.

225
00:18:11,400 --> 00:18:13,000
The number one.

226
00:18:13,900 --> 00:18:16,180
Turn the time back over Shelby.

227
00:18:16,180 --> 00:18:20,140
by the way, the Q4 financials, 4.25, we're in the board.

228
00:18:20,740 --> 00:18:23,260
Get distributed to the board members.

229
00:18:23,620 --> 00:18:24,060
Two ahead, Shelby.

230
00:18:24,640 --> 00:18:25,100
Thanks, Tom.

231
00:18:26,020 --> 00:18:27,800
Boarding in, I'll run through this pretty quickly.

232
00:18:28,020 --> 00:18:29,820
So just bear with me for a couple of minutes here.

233
00:18:30,820 --> 00:18:33,000
So these are unaudited year-end financial statements,

234
00:18:33,380 --> 00:18:35,160
total assets at the end of the year,

235
00:18:35,620 --> 00:18:39,640
just under $32 million, about $23.3 million,

236
00:18:40,380 --> 00:18:42,960
represents funds available in the Capital Projects Fund

237
00:18:42,960 --> 00:18:43,900
at the end of the year.

238
00:18:43,900 --> 00:18:56,140
So in your project fund available for capital expenditures, about 8.5 million restricted to the bonds and then we had a receivable of about 4200 in the general fund.

239
00:18:57,060 --> 00:19:04,960
For the general fund budget to actual expenditures came in just over 10,000, which was it within the original budget of 23,000.

240
00:19:05,080 --> 00:19:08,440
All costs at this point were covered through developer advances.

241
00:19:10,180 --> 00:19:29,480
The debt service fund budget to actual activity here was primarily the transfer in from the 2025 bond issuance to establish the capitalized interest in the surplus fund and then some interest that was earned on those funds sitting at the trustee and then lastly is the capital projects fund.

242
00:19:29,480 --> 00:19:37,920
A couple of notes here, we had the bond issuance of $33,456,000 that transfers out, again

243
00:19:37,920 --> 00:19:43,300
really represents the capitalized interest in surplus funds, and then for expenditures,

244
00:19:43,800 --> 00:19:49,980
we had bond issue costs of about $971,000, and then capital outlay represents that first

245
00:19:49,980 --> 00:19:53,520
cost certification for reimbursement to DAI.

246
00:19:53,520 --> 00:20:00,260
Okay. Any questions on these very limited activity at the end of the year?

247
00:20:01,400 --> 00:20:02,660
Yeah, I've got no questions.

248
00:20:04,180 --> 00:20:05,380
Okay, thank you.

249
00:20:07,840 --> 00:20:09,280
Brian, did you have any questions?

250
00:20:09,940 --> 00:20:10,200
No, sir.

251
00:20:11,580 --> 00:20:12,780
Okay, thanks, Shelby.

252
00:20:13,080 --> 00:20:17,160
Do we have a motion accepting the key four financial statements for the district?

253
00:20:20,890 --> 00:20:22,790
Oh, make a motion to prove that stated.

254
00:20:25,160 --> 00:20:26,100
I'll second up.

255
00:20:29,180 --> 00:20:37,220
All right. Thank you. Motion has to spike forward the board. Let's move on to administrative

256
00:20:37,220 --> 00:20:44,440
non-action items. Anything listed on that on schedule. So I'll just quickly go grab

257
00:20:44,440 --> 00:20:50,380
the board see if the board wants to bring up any non-administrative action items.

258
00:20:53,380 --> 00:21:00,060
Okay, then we can move to have a motion to adjourn.

259
00:21:00,220 --> 00:21:02,340
I'll make a motion to adjourn this meeting.

260
00:21:03,980 --> 00:21:05,100
I will second it.

261
00:21:05,740 --> 00:21:07,280
All in favor say I ask.

262
00:21:08,140 --> 00:21:08,760
All right.

263
00:21:09,160 --> 00:21:11,900
Thank you motion passes by court of the board.

264
00:21:12,060 --> 00:21:12,960
We stand adjourned.

265
00:21:13,100 --> 00:21:14,260
Appreciate everybody's time today.