The next item to come before the Board was to consider approval of a District.
Registration Form. Ms. Collins directed the Board's attention to the draft in their packet. She
noted that the terms had been extended consistent with the election results. She requested that'
everyone review their personal information. Upon motion by Directo Raley and second by
Director Roberts, the Board unanimously approved the revised District Registration Form, a
copy of which is attached hereto as Exhibit "C".
The next item to come before the Board was to receive a report' from the District's
bookkeeper and consider payment of bills and transfers. Mr. Bott briefly reviewed the invoices
for payment today. She stated that there was one transfer between District
accounts. She
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directed the Board's attention to the year-end budget-to-actual comparison. She stated that they
were $47,427 ahead of plan and still used almost $300,000 for the purchase dffacilities from the
developer. Ms. Bott noted that she would void the per diem to Director Schroeder if he did not
arrive at the meeting. Upon motion by Director Raley and second 1:JyDirector Roberts, the
Board unanimously approved the payment of bills and invoices and the transfer as
recommended.
Director Huffcut stated that the Board would next consider matters related to the
District's pending bond issue, He recognized Ms. Allen who stated that the bonds had closed
that morning. Ms. Martin then reviewed the reimbursement report with the Board; A copy of
the reimbursement report is attached hereto as Exhibit "D". She noted that there was' $39,353 in
apparent surplus funds at this time.. Upon motion by Director Saxon and.second by Director
Roberts, the Board unanimously approved the report. The Board then considered approval of
payment to the developer for-the cost of facilities and the payment of the cost of issuance of
bonds and acceptance of the facilities. Ms. Collins noted that Mr. Lloyd had executed a bill of
sale for the facilities in Rim Rock 3, Section 3. Upon motion by Director Raley and second by
Director Roberts, the Board unanimously approved the payment of costs in accordance ' ith the
reimbursement report and acceptance of the facilities. Ms. Collins noted that the District wou d
also need to amend its Information Form to reflect the higher amount of bonds that had been
issued by the District. Upon motion by Director Saxon and second by Director Roberts, the
Board unanimously approved the amendment, a copy of which is attached hereto as Exhibit "E".
Director Huffcut stated that the Board would next consider approval of a Resolution
Authorizing an Application to the Commission for the Use of the Surplus Funds. Ms. Collins
directed the Board's attention to the draft in their packet. Mr. Ferguson stated that he anticipate
requesting that the Commission approve the use' of the funds to purchase another portion of the
facilities that have already 'been reviewed by the Commission. Upon motion by Director Saxon
and second by Director Roberts, the 'Board unanimously approved the Resolution, a copy of
which is attached hereto as Exhibit "F".
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The next item to come before the Board was to receive a report from the District's
engineer. Mr. Ferguson briefly reviewed his report, a copy of which is attached hereto as Exhibit
"0". He then discussed the impact fee increase that had been approved by the PUA. He
discussed the issue of whether the new impact fee went into effect immediately. Ms. Collins
stated that she would contact the attorney for the PUA for clarification. Mr. Ferguson then
discussed the drainage easements for the District. He stated that all lots in Rim Rock have
drainage easements on them. He stated that the larger drainage areas are to be maintained by the
{W0561148,1}
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