* This transcript was created by voice-to-text technology. The transcript has not been edited for errors or omissions, it is for reference only and is not the official minutes of the meeting.
          THIS TIME 
          [00:00:01]
I WOULD LIKE TO CALL TO ORDER THE ALAMAR 
          [1. ROLL CALL BY THE DISTRICT CLERK]
COMMUNITY FACILITY DISTRICT'S BOARD MEETING OF MAY 19TH, 2025. 
          CHRIS, IF WE CAN HAVE ROLL CALL BOARD MEMBER CONDI HERE. 
          BOARD MEMBER GARCIA HERE. 
          BOARD MEMBER SOLORIO HERE. 
          BOARD MEMBER WHITE PRESENT VICE CHAIR NIELSEN HERE. 
          CHAIR PINEDA HERE. 
          AND BOARD MEMBER WEISS HAS AN EXCUSED ABSENCE TONIGHT. 
          THANK YOU SO MUCH. 
          CHRIS. 
          [a. Minutes]
CAN I GET A MOTION, UH, THE NEXT TIME ON THE AGENDA IS THE MINUTES. 
          APPROVAL OF THE MINUTES. 
          CAN I GET A MOTION? GOT A MOTION FROM COUNCIL MEMBER GARCIA SECOND FROM COUNCIL MEMBER SOLORIO, PLEASE VOTE. 
          AYE. 
          THANK YOU. 
          COUNCIL MEMBER WHITE ITEM PASSES. 
          THANK YOU SO MUCH, RON. 
          NEXT ITEM 
          [b. Public Hearing and CFD Resolution 2-2025 - Authorizing and Ratifying the Giving of Notice of Hearing with Respect to Approving a Feasibility Report and Authorizing the Sale and Issuance of General Obligation Bonds, Series 2025 of the District]
PLEASE. 
          THANK YOU MR. MAYOR. 
          COUNCIL. 
          UP NEXT, WE HAVE A PRESENTATION BY YOUR, UH, DIRECTOR OF FINANCE AND BUDGET, RENEE. 
          GOOD EVENING CHAIR, VICE CHAIR AND MEMBERS OF THE BOARD. 
          UM, THE PURPOSE OF TONIGHT'S ITEM IS TO CONDUCT A PUBLIC HEARING TO APPROVE THE AMENDMENT TO THE FEASIBILITY REPORT AND TO AUTHORIZE STAFF TO PROCEED WITH THE ISSUANCE OF GENERAL OBLIGATION BONDS FOR THE ALAMAR COMMUNITY FACILITIES DISTRICT. 
          THE ALAMAR CFD WAS ESTABLISHED IN MAY OF 2018. 
          THE DISTRICT ITSELF IS APPROXIMATELY 1,086 ACRES THAT WILL INCLUDE, UM, 4,036 HOUSING UNITS, UM, AT FULL BUILD OUT. 
          AND AT THIS POINT, OVER HALF OF THOSE UNITS ARE CURRENTLY PLATTED. 
          TO DATE MORE THAN 1,062 LOTS HAVE BEEN SOLD TO HOME BUYERS. 
          BACK IN NOVEMBER OF 2018, VOTERS AUTHORIZED UP TO $70 MILLION OF GENERAL OBLIGATION BONDS TO BE ISSUED BY THE DISTRICT. 
          UM, TO DATE THE DISTRICT HAS ISSUED A TOTAL OF 6.6 MILLION. 
          THE PROPERTY TAX, WHICH IS USED TO REPAY THOSE, THOSE DEBTS, IT TOTALS $4 AND 15 CENTS FOR THE ALAMAR CFD AND IT'S ASSESSED ONLY TO THE PROPERTIES INSIDE THE DISTRICT BOUNDARIES. 
          IT CONSISTS OF A PRIMARY PROPERTY TAX RATE OF 30 CENTS PER $100 OF NET ASSESSED VALUATION, WHICH IS USED TO OPERATE AND MAINTAIN THE DISTRICT ITSELF. 
          THE SECONDARY PROPERTY TAX IS $3 AND 85 CENTS PER $100 OF NET ASSESSED VALUATION. 
          AND THAT IS USED TO, UM, SOLELY PAY BACK THE DEBT SERVICE. 
          AND THEN THE PROCEEDS FROM THE SALE OF THE BONDS THEMSELVES ARE USED TO REIMBURSE THE DEVELOPER FOR PUBLIC INFRASTRUCTURE. 
          SO AS I MENTIONED, WE HAVE, UM, ISSUED BONDS, UM, ABOUT 6.6 MILLION STARTING IN FISCAL 22. 
          UM, AGAIN IN 23 AND 24. 
          UM, WE ARE REQUESTING APPROVAL TO ISSUE UP TO $6.5 MILLION OF GENERAL OBLIGATION BONDS THIS FISCAL YEAR. 
          UH, AFTER THE SALE OF THE BONDS, THE DISTRICT WILL HA, EXCUSE ME, WILL HAVE JUST UNDER 57 MILLION OF REMAINING AUTHORIZATION. 
          AND THE PLAN IS TO CONTINUE ISSUING GENERAL OBLIGATION BONDS EACH YEAR UNTIL FULL BUILD OUT. 
          SO WITH THAT THERE, OUR RECOMMENDATION IS TO OPEN A PUBLIC HEARING TO AMEND THE FEASIBILITY REPORT AND THEN TO ADOPT CCF D RESOLUTION TO DASH 2 0 2 5 TO APPROVE THE FEASIBILITY REPORT AND AUTHORIZE STAFF TO ISSUE UP TO $6.5 MILLION OF GENERAL OBLIGATION BONDS. 
          THAT DOES CONCLUDE MY PRESENTATION. 
          I'LL TAKE ANY QUESTIONS. 
          THANK YOU, RENEE, FOR THE PRESENTATION. 
          AND AT THIS TIME I'D LIKE TO OPEN UP THE PUBLIC HEARING. 
          CHRIS, HAVE WE RECEIVED ANY REQUESTS TO SPEAK? UH, NO, MAYOR, WE HAVE NOT. 
          OKAY. 
          THANK YOU SO MUCH. 
          AT THIS TIME, I'LL CLOSE THE PUBLIC HEARING AND OPEN THE FLOOR FOR COMMENTS FROM COUNCIL. 
          ANY MEMBERS OF COUNCIL HAVE ANY QUESTIONS, COMMENTS, COUNCIL MEMBER? WHITE, ANY QUESTIONS OR COMMENTS? I'M SORRY, THE SLIDE THAT HAD THE DATA ON IT, I DON'T HAVE A AVAILABLE. 
          UM, SO I'LL PASS RIGHT NOW, SIR, UH, TO SOMEONE IN THE, UH, CHAMBERS. 
          OKAY. 
          ALL RIGHT. 
          SEEING NO OTHER QUESTIONS AT THIS TIME, CAN I GET A MOTION? GOT A MOTION FROM VICE MAYOR NIELSEN, A SECOND FROM COUNCIL MEMBER SOLORIO, PLEASE VOTE. 
          AYE. 
          THANK YOU. 
          COUNCIL MEMBER WHITE ITEM PASSES. 
          THANK YOU SO MUCH, RON. 
          NEXT ITEM PLEASE. 
          OH, ACTUALLY, NOPE. 
          NEXT ITEM IS ADJOURNMENT. 
          CAN I GET A MOTION FOR ADJOURNMENT? OKAY. 
          WE GOT A MOTION FROM COUNCIL MEMBER GARCIA SECOND FOR VICE MAYOR NIELSEN, PLEASE VOTE. 
          AYE. 
          THANK YOU. 
          COUNCIL MEMBER WHITE ITEM PASSES. 
          WE ARE OUR ITEM PASSES. 
          SORRY, WE 
          [00:05:01]
ARE NOW ADJOURNED. 
          EVERYBODY PLEASE DRIVE SAFE HOME AND HAVE A GREAT REST OF THE EVENING. 
          THANK YOU. 
          THANK YOU.
* This transcript was created by voice-to-text technology. The transcript has not been edited for errors or omissions, it is for reference only and is not the official minutes of the meeting.