John E. Strabel

The Board discussed and took action on several administrative and financial matters. This included the engagement of Tatton & Company for the preparation of the 2023 audit. Legal proceedings included the adoption of a resolution authorizing amendments to the District's outstanding Series 2019A and Series 2019B loan agreements and promissory notes to conform with the Series 2024 loan. Additionally, the Board approved Requisition No. 1 from the Series 2024 loan, which authorizes the reimbursement to the developer under the existing Facilities Funding and Acquisition Agreement. A potential Service Plan Amendment was also reviewed with no further action taken.

The Board discussed and ratified the payment of claims and reviewed unaudited financial statements and the schedule of cash position. The Board also approved the engagement of investment banking services, bond counsel, and an external financial advisor. A significant portion of the meeting was dedicated to approving a resolution for the incurrence of a loan with Zions Bancorporation to fund public improvements, including the approval of the loan agreement and related instruments. A potential service plan amendment was discussed but no action was taken, and several agenda items regarding capital improvements were deferred.

The Board discussed potential conflicts of interest, established regular meeting dates and locations for the upcoming year, and updated procedures for posting meeting notices. The Board reviewed financial matters, including the ratification of claims, acceptance of unaudited financial statements, the engagement of an auditor for the 2024 fiscal year, and the appointment of an accountant for 2026 budget preparation. Public hearings were held to consider an amendment to the 2024 budget and the adoption of the 2025 budget, with associated resolutions concerning mill levies and tax certification being approved. Additionally, the Board authorized the renewal of insurance and membership, addressed compliance requirements for transparency notices, called for the 2025 regular election, and briefly discussed the use of ARTA funds.

The ACC Metropolitan District announced the cancellation of the regular election scheduled for May 6, 2025, because the number of candidates did not exceed the available positions. The notice declares the election of John Strabel and Brenda Lamer, and indicates two vacant positions.