1 00:00:06,030 --> 00:00:10,730 We're going to call the board of the special meeting at the board of trustees for panorama, public 2 00:00:10,730 --> 00:00:20,230 hearing for structure. Districts 1 through 5, this Monday, April 20, 20, 26. At 1 p.m., the meeting 3 00:00:20,230 --> 00:00:25,410 is being held at the office of New York out in South Jordan, Utah. Let's do a roll call 4 00:00:25,410 --> 00:00:29,510 for our meeting minutes today. My name is Tom Jolly, and I am District Council. 5 00:00:29,510 --> 00:00:32,070 Chairman Bidard, District Council Paralegal. 6 00:00:35,170 --> 00:00:36,630 Jim Jones, mid-President. 7 00:00:40,420 --> 00:00:41,680 Hi, I'm Flam, board member. 8 00:00:42,380 --> 00:00:43,420 Nateship, board member. 9 00:00:44,420 --> 00:00:45,940 Greg Campbell, project manager. 10 00:00:46,640 --> 00:00:49,220 Shelby Climer, with CLA, District Accountant. 11 00:00:50,040 --> 00:00:50,940 Thanks, everybody. 12 00:00:51,100 --> 00:00:54,760 We're just going to follow our agenda, which has been posted and circulated. 13 00:00:55,120 --> 00:01:02,760 We do have a preliminary action item, which is to consider combining the board meeting for all five districts. 14 00:01:02,760 --> 00:01:09,940 for efficiency purposes as we've done in the past. Do we have a motion to combine the 15 00:01:09,940 --> 00:01:11,240 meeting for all five pids? 16 00:01:13,410 --> 00:01:16,230 I'll make a motion to combine all five pids. 17 00:01:17,250 --> 00:01:26,070 We have a second. I'll second that. All right. Thanks, Brandon. With a second, all of 18 00:01:26,070 --> 00:01:27,950 favorite say areas. Hi. 19 00:01:30,930 --> 00:01:39,410 Thank you motion passes unanimously. We're going to we're going to do our 20 00:01:39,410 --> 00:01:44,030 consent items. We're going to go ahead and combine the public comment and the public hearing 21 00:01:44,870 --> 00:01:52,630 together a little bit later. So the first consent item is to approve the draft minutes 22 00:01:52,630 --> 00:01:58,950 of the panorama public infrastructure district board meeting held on March 16th, 23 00:01:59,290 --> 00:02:04,450 2026. That packet was or that was in your board packet the set of those minutes. 24 00:02:05,150 --> 00:02:06,290 Are there any questions? 25 00:02:08,310 --> 00:02:09,470 I don't have any questions. 26 00:02:10,610 --> 00:02:17,030 Great then let's have a motion to approve the March 16th, 2026 board meeting minutes. 27 00:02:17,030 --> 00:02:17,870 This 28 00:02:21,520 --> 00:02:23,980 is Nate. I'll make a motion. I saw the kid. 29 00:02:26,720 --> 00:02:31,440 Second. I'll second it. All in favor say I 30 00:02:31,440 --> 00:02:39,020 are. Yes. Yes. All right. Thank you. Thank you motion does pass unanimously. Let's move to our 31 00:02:39,020 --> 00:02:47,440 second consent item. Do we show that we have any payment applications or requisition requests since 32 00:02:47,440 --> 00:02:52,860 last board meeting? We did. Yeah, we had a couple of requisitions, which really represents one 33 00:02:53,640 --> 00:02:58,480 kind of cost certification, which the majority of that was only in reimbursement to the developer. 34 00:02:59,620 --> 00:03:05,320 Okay, great. Well, the acquisition of reimbursement agreement does require that we 35 00:03:07,400 --> 00:03:15,920 ratify and approve all payment applications. We try to do it in between board meetings or in quarterly 36 00:03:15,920 --> 00:03:25,300 board meetings. So unless there are any questions about the specific requisitions, we can entertain 37 00:03:25,300 --> 00:03:31,800 a motion to accept and improve all payment applications since the March 16th board meeting. 38 00:03:32,400 --> 00:03:37,260 This land reimbursement is just for South Venture. It's for, 39 00:03:40,050 --> 00:03:41,450 maybe it might be both of them. 40 00:03:41,450 --> 00:03:46,570 The total and both kind of in town is all okay. 41 00:03:46,910 --> 00:03:47,690 I have no questions. 42 00:03:50,060 --> 00:03:54,900 Hey, do we have a motion to approve and ratify payment applications since the March 16th board meeting? 43 00:03:56,540 --> 00:03:58,280 This is Nate. I so move. 44 00:04:00,780 --> 00:04:01,300 Second. 45 00:04:01,540 --> 00:04:04,520 Thank you all in favor say yes. 46 00:04:04,980 --> 00:04:05,260 Hi. 47 00:04:05,880 --> 00:04:09,470 Thank you motion does pass unanimously. 48 00:04:10,030 --> 00:04:13,670 Let's move to our public hearing and our public comment portion. 49 00:04:13,670 --> 00:04:19,790 We do need a motion to open this for public comment and questions. 50 00:04:23,880 --> 00:04:26,260 I'll make a motion to open the public comment. 51 00:04:27,840 --> 00:04:28,400 Second. 52 00:04:28,880 --> 00:04:29,180 Second. 53 00:04:30,700 --> 00:04:32,040 I'll hear a say aye, yes. 54 00:04:32,720 --> 00:04:33,420 All right. 55 00:04:33,660 --> 00:04:34,180 All right. 56 00:04:35,440 --> 00:04:36,640 Thank you, motion. 57 00:04:36,980 --> 00:04:41,740 Passes the public hearing and public comment portion of the meeting is now open. 58 00:04:42,480 --> 00:04:44,920 Specifically, if there are any members of the public here today. 59 00:04:44,920 --> 00:04:49,360 We can take comment on the amended 60 00:04:49,360 --> 00:04:58,280 candidate operating in capital budget which was adopted on March 16th or any other district 61 00:04:58,280 --> 00:05:01,840 business that any members of the public would like to talk about. 62 00:05:02,680 --> 00:05:07,520 So we can confirm that there are no members of the public attending a person at the office 63 00:05:07,520 --> 00:05:14,180 of the New York Hall, do not see any members of the public participating via the Zoom link 64 00:05:14,180 --> 00:05:21,320 today. Ben, we do welcome you. We hope you don't have anything to say, but if you do, go ahead. 65 00:05:21,740 --> 00:05:33,800 Just jump in. Just keep positive guys. We can close, we can entertain a motion to close 66 00:05:33,800 --> 00:05:41,460 the public comment and hearing of the board meeting. I'll make a motion to close public comment. 67 00:05:42,580 --> 00:05:43,700 I'll second it. 68 00:05:44,720 --> 00:05:45,820 All in favor say aye. 69 00:05:45,960 --> 00:05:46,260 Yes. 70 00:05:46,520 --> 00:05:47,000 All right. 71 00:05:47,720 --> 00:05:51,100 I think he motion does pass unanimously. 72 00:05:51,540 --> 00:05:53,700 Let's remove right into our action items. 73 00:05:53,840 --> 00:05:57,980 The first action item is to consider adoption of Resolution 202604. 74 00:05:59,220 --> 00:06:05,220 This is to a resolution adopted in the amended final operating calendar budget for 2026. 75 00:06:05,980 --> 00:06:08,860 Shelby, I'll let you walk the board through it. 76 00:06:08,860 --> 00:06:14,520 Okay, Board, just really quickly, we, again, reviewed this about a month ago. 77 00:06:14,780 --> 00:06:19,160 We did make some slight tweaks to this just to represent final pricing numbers. 78 00:06:20,060 --> 00:06:24,060 So the part amount of the bonds was that 11.1 million, which did not change from the 79 00:06:24,060 --> 00:06:29,080 prior version, but then just some kind of updates to the bond issue costs and then the transfers 80 00:06:29,080 --> 00:06:31,580 to the new debt service fund. 81 00:06:32,400 --> 00:06:36,140 Would you like me to run through this again quickly, or are there any questions? 82 00:06:38,260 --> 00:06:40,060 questions. Okay. 83 00:06:42,720 --> 00:06:46,660 Well, thanks, Shelby. Appreciate that. Do we have a motion of proving the final 84 00:06:46,660 --> 00:06:53,180 amendment to 2026 budget for panorama and public infrastructure district? Then we'll make motion 85 00:06:53,180 --> 00:06:54,240 to prove as stated. 86 00:06:56,810 --> 00:07:06,130 Second. Second. Second. All they say are yes. I thank you. Thank you. Motion does 87 00:07:06,130 --> 00:07:11,770 passed unanimously. Let's move to our second action item is to consider adoption of Resolution 88 00:07:11,770 --> 00:07:13,910 2026-05. 89 00:07:17,070 --> 00:07:23,310 This is a resolution of the Board adopting a finding of the estimated number of 90 00:07:23,310 --> 00:07:29,190 certificates of occupancy to be issued by Herrmann City. The Board did receive this resolution 91 00:07:29,190 --> 00:07:35,810 as packet. The governing document does require that the district make this finding of estimated 92 00:07:35,810 --> 00:07:42,650 numbers certificates. You may or may not recall. This was done when we issue the first set of bonds 93 00:07:42,650 --> 00:07:50,790 for the based on the tax bonds back in February 6, 2025. Bond Council has asked that we update 94 00:07:51,710 --> 00:08:01,270 and amend this estimate based on the new special assessment bonds that were issued. So 95 00:08:01,270 --> 00:08:07,710 So the number that has been estimated is 1,371. 96 00:08:08,450 --> 00:08:10,110 Are there any questions from the board? 97 00:08:11,970 --> 00:08:12,790 Nope, that's not correct. 98 00:08:15,260 --> 00:08:19,900 Do we have a motion to adopt resolution 2026-05 as so stated? 99 00:08:20,800 --> 00:08:22,760 I'll make a motion to approve that stated. 100 00:08:25,920 --> 00:08:26,440 Second. 101 00:08:27,520 --> 00:08:27,740 Second. 102 00:08:28,220 --> 00:08:28,740 I'll second it. 103 00:08:29,940 --> 00:08:31,520 All of the people say I already asked. 104 00:08:32,020 --> 00:08:32,260 All right. 105 00:08:32,260 --> 00:08:39,600 Hi, thank you. Thanks, everybody. Motion passes unanimously. We're going to go to our last action item, 106 00:08:40,360 --> 00:08:47,080 which is to consider accepting the key one financial statements for calendar year 2026. 107 00:08:48,640 --> 00:08:54,280 Shall we return time more to you? Thanks, Tom. So, Board, I'm going to put these up on the screen. 108 00:08:54,460 --> 00:08:59,580 Just walk through these pretty quickly with you. So, first quarter financial statements total assets 109 00:08:59,580 --> 00:09:06,440 for the district, about 27.3 million, of course, as you know, this was prior to the assessment bond 110 00:09:06,440 --> 00:09:13,380 issuance. Capital Projects Fund, there was about 19.3 million remaining in project funds, 111 00:09:14,020 --> 00:09:18,740 and then about 8 million in the debt service fund, which is all restricted to the 2025 property 112 00:09:18,740 --> 00:09:25,720 tax bonds, and we had a receivable about 3,400 in the general fund. Accounts payable were about 12,000, 113 00:09:25,720 --> 00:09:30,600 which brings total fund balances or equity to about 27.3 million. 114 00:09:32,460 --> 00:09:36,780 General fund budget to actual expenses through the first quarter, about 7400, 115 00:09:37,720 --> 00:09:43,780 which I would say is, you know, kind of as expected, that auditing cost will hit a little bit later on. 116 00:09:44,120 --> 00:09:47,680 It will note that we are working through fieldwork with the auditor, 117 00:09:48,200 --> 00:09:51,880 so that's anticipated to be done and filed before the June 38 deadline. 118 00:09:51,880 --> 00:09:57,020 and then all amounts here are being funded by developer advances through the first quarter. 119 00:09:58,580 --> 00:10:04,300 Next page is the debt service fund again for the 2025 property tax bonds interest income 120 00:10:04,300 --> 00:10:09,560 of about 76,000 has been realized through first quarter. Then there was this scheduled payment on 121 00:10:09,560 --> 00:10:15,360 March 1st on those bonds of 532,000 which was covered through capitalized interest. 122 00:10:16,540 --> 00:10:24,580 Then lastly is the Capital Projects Fund. Here interest income totals about 197,000. We did have cost 123 00:10:24,580 --> 00:10:30,980 acceptances of just under 4 million which were repaid and then about another 300,000 in capital 124 00:10:30,980 --> 00:10:38,320 outlay costs and engineering costs. Can about 19.3 million remaining available in the Capital Projects Fund. 125 00:10:40,620 --> 00:10:44,600 Any questions on the financial statements or would you like me to go into any further detail? 126 00:10:44,600 --> 00:10:49,330 No? No, I reviewed them. Okay. 127 00:10:50,330 --> 00:11:00,230 Hey, Shelby. There are no further questions from the board. Do we have a motion accepting the Q1 2026 financial statements for the district? 128 00:11:06,120 --> 00:11:08,720 Let's move. Do we have a second? 129 00:11:09,520 --> 00:11:10,100 I'll second it. 130 00:11:11,200 --> 00:11:12,980 Thank you all. Favorite say aye, or yes? 131 00:11:13,380 --> 00:11:13,520 Aye. 132 00:11:13,520 --> 00:11:14,760 All right. Thank 133 00:11:17,040 --> 00:11:27,120 you motion passes unanimously. We're now moving to our administrative non action items. We have not was that any specific non action items. 134 00:11:27,540 --> 00:11:30,940 Unless the board wants to raise something at this time. 135 00:11:33,730 --> 00:11:37,450 Do we need to do anything further with the ending lawsuit? Tom? 136 00:11:39,950 --> 00:11:46,250 Nothing further at this point in time. We're monitoring the situation. 137 00:11:46,250 --> 00:11:56,390 Okay. And there we haven't seen any, any, any filing naming the district yet. Actually, Shannon, 138 00:11:56,490 --> 00:12:04,710 that's another thing that we can do today is run another litigation search on that. Okay. Well, 139 00:12:05,380 --> 00:12:14,550 if there is no further business, we can entertain a motion to adjourn. I'll make a motion to adjourn. 140 00:12:16,390 --> 00:12:30,470 Second. Second out. All in favor say yes. All right, all right. Fantastic motion passes unanimously and the board meeting is adjourned. Have a great day everybody.