[This transcript was generated automatically from audio using AI and hasn't been reviewed by a person -- it can contain mistakes, including plausible-sounding sentences that were never actually said. Treat it as a starting point, not a verbatim record.]

[0:02] Okay, we're good to go.
[0:10] David, do you have your materials with it to call the meeting to order? Do you want one of us to do it? Is Eric the chair of this one? That's correct. I think so. I would love it if you can do it. I can read off this if that works. You've got it. Okay. Yeah, I can see on the on the screen.
[0:35] as the chair of the Board of Trustees of the Trappers Loop Water Improvement District.
[0:39] I hereby call this regular meeting of the Board to order at 2 p.m. on May 4th, 2026,
[0:46] at the office of the district located at 3825 East Somers Road, Huntsville, Utah,
[0:52] 84317, and compliance with requirements of Utah's open and public meetings law.
[0:57] Notice of this meeting has been duly posted and published, and this meeting is being recorded in
[1:02] minutes of the meeting and its entirely are being kept in compliance with the Americans
[1:07] with Disability Act, individuals needing special accommodations, including auxiliary
[1:11] communicative aids and services during this meeting should notify Reagan Mansfield 8-01620-105-3,
[1:20] at least 24 hours prior to this meeting.
[1:27] For the record, we would like to recognize those present from the Board of Trustees and staff,
[1:32] my self-arrogate-hearned trustee chair. We have trustee, Davey Rashford, trustee, Ryan Wolsey,
[1:42] District Clerk, Reagan Mansfield, Brent Rose Legal Counsel, and from district management,
[1:52] CLA, who do we have, President? Nick Carlson. Nick Carlson, and Reagan or Wolsey,
[2:01] Do we have any public present?
[2:04] We do not.
[2:06] And is there any public on the team's call?
[2:11] There is not.
[2:15] This is, Brian.
[2:16] I just point out one thing.
[2:17] I don't know who, who princes, I guess you do, Nick, but legal counsel, counsel's misspelled.
[2:24] It sure is.
[2:25] Sorry about that.
[2:27] That's okay.
[2:31] I voted.
[2:33] All right.
[2:33] As we can move into meeting business.
[2:35] our agenda.
[2:40] First item is a disclosure of conflicts of interest. Brent, have
[2:44] those been filed? Yeah, yeah, this is just our, there are any
[2:48] matters on the agenda today that would cause any one of the board members to
[2:53] have a conflict of interest. And if there aren't, then we move on to the next
[2:57] night.
[3:00] Okay, hearing none, we can move on. Next item is public input.
[3:10] Seeing
[3:11] consent agenda is the next item we have two items on that the approval of the
[3:17] February 2nd 2026 meeting minutes and the claims totaling $3,858.9 we can
[3:27] approve those together or separately whichever the board would prefer.
[3:32] This brand I suggest to do them separately. I
[3:39] had a chance to look at the
[3:41] minutes from February.
[3:46] If so, I'll make a motion to accept the minutes from the
[3:52] February 2nd, 2026 meeting. We'll second that motion. We'll see. All those in
[4:01] favor? All right. Motion passes. Next is the approval of the claims.
[4:17] three thousand eight hundred fifty eight dollars and nine cents correct just two checks have
[4:24] been issued yet I
[4:28] will put forward emotion to approve the claims wait yep there is a need for
[4:37] emotion on that correct yes all second motion thank you Eric all those in favor all right all right
[4:49] Moving on, we have public hearings. As far as I know, there's no need for a public hearing today.
[4:55] Brent, Brett, and you concur. All right. We have no administrative matters.
[5:01] We do have the March 31st, 2026, unaudited financial statements enclosed in the packet.
[5:08] I'm not Shelby, but I'm going to pretend to be her today. She's under the weather.
[5:13] So I will review those with you all.
[5:16] You can see we have just over a million dollars in the Capital Projects Fund,
[5:21] $13,000, almost $14,000 in the General Fund, just shy of $16,000 in accounts payable,
[5:30] leaving you with a fund balance of $13,885 in the General Fund, just over a million dollars
[5:39] in Capital Projects Fund, and a million overall after you back out those expenditures.
[5:47] Moving on to the general fund, you can see the actuals through March 31st,
[5:52] of sitting at just about $4,000 in expenditures over a budget of $54,000.
[6:00] We have received one developer advance in the totaling $1885
[6:06] against an annual budget of $54,000. That
[6:15] is the end. I'm sorry, we have the capital projects fund.
[6:18] Really no movement in the capital projects fund, no expenditures incurred to date.
[6:22] There has been $125 of interest accrued, leaving you with that ending fund balance of
[6:29] $1,5,476.49. Are there any questions on the financial statements?
[6:37] This is brand. Is anybody checked with, and I'm not even sure who you check with,
[6:42] to see if if that million dollars is still okay to be sitting there on the
[6:49] words you know are they gonna is this taking a want that back I can double check
[6:54] was shall be on that okay so we out we just want to out of check that and see
[7:00] at what point it becomes in jeopardy when we when we made this application for the
[7:06] grant on this, there was a contemplation that would be done in some reasonable period of time,
[7:16] and I don't know if we've sort of gone beyond reasonable or not. We have to just look at that.
[7:23] You kind of hate to call the state and say, we still okay because it just prompts them on it,
[7:29] but on the other hand, you know, we wouldn't want to get a letter that says, oh, by the way,
[7:35] we're going to require up to be paid back, I don't know.
[7:40] Yep, let me touch base with Shelby and we'll get some clarity on that.
[7:44] Okay.
[7:47] Are there any other questions on the quarter one financial statements?
[7:56] Sorry, go ahead.
[7:57] Yep, all good.
[8:00] If there are no questions, just a motion and a second to accept those.
[8:04] I'll make a motion to accept the financial statements of March 31st, 2026 for
[8:13] Trappers Loop Water Improvement District.
[8:17] I will second that motion.
[8:20] Thank you all in favor.
[8:24] All right motion passes.
[8:27] Moving on legal matters.
[8:30] We don't have anything on the agenda.
[8:31] and Brent any updates to provide this morning?
[8:33] No, not for trappers.
[8:36] OK.
[8:37] We have nothing for manager matters.
[8:39] Is there any other business for the trappers loop meeting
[8:42] this morning?
[8:47] Can I ask a question any further movement from the owners
[8:51] about moving forward with anything
[8:53] or everything still on all the way it's been?
[8:57] So we are currently in the process of working with SE
[9:01] group on a couple of different initiatives that we will be presenting in a preliminary fashion
[9:08] to the board in early June. That would, nothing in the sense of lodging in that regard,
[9:16] but assets around the resort. So we don't have a, we have a couple of scenarios that will be
[9:22] presenting in early June and hopefully hear something soon after that.
[9:27] Yeah, okay, you might just, Dave, you might just be thinking about what we can do with
[9:34] that million dollars. I know we, I'm trying to remember what we got that for. I was
[9:39] well, I think. I think it was sewer improvement.
[9:43] Sew that with the sewer improvement. That's correct. And, and obviously, we're not putting
[9:47] a pipeline down there, down to, down to green. But the question is, is that even still a possibility?
[9:54] We have to be looking at that, but there's a risk.
[9:56] And if not, then maybe we ought to be talking to states
[9:59] if we can use it for something else.
[10:01] So my understanding is Kate on our governmental relations
[10:05] team was going to be working on how could we use that money
[10:10] in a different way, if it's what the scope of that money
[10:16] can be used for.
[10:17] I'm unaware of the specifics of that yet,
[10:19] but we totally agree is if it's not,
[10:21] if it does not have to be used towards the mountain green sewer connection, but in some other fashion,
[10:28] we would be very keen to understand what that would look like. So we totally agree with you
[10:32] and that's an area follow up that we need to have. Yeah, I can't remember. There was a guy
[10:39] that we were working with. There was a consultant with the state that kind of helped us get the grant
[10:45] and kind of walked us through the process and all that stuff.
[10:50] And I just can't remember his name.
[10:55] But we can probably find it somewhere.
[10:59] Yeah, I can reach out to Jim Hill too and see if there's,
[11:02] if he has that contact with Jim was very involved in that.
[11:05] Well, Jim was totally involved.
[11:07] He had, yeah.
[11:09] He was working with this other fellow that his name I can't remember
[11:13] or really kind of shepherd it through what is sort of said what we couldn't do without
[11:18] the money. So maybe Kate, that would be a good contact for Kate to make if we can get
[11:22] his name. I'll work on that. Okay.
[11:29] Anything else to discuss this afternoon?
[11:35] I'll make a
[11:36] motion to adjourn, trapper's loot, water, improvement district, board of trustee's board
[11:45] board meeting today and Monday May 4, 2026.
[11:51] Is there a second?
[11:53] I'll second that.
[11:55] All in favor?
[11:58] Aye.
[12:00] All right, we are adjourned.