John E. Strabel

The Board ratified the payment of claims across various funds and periods, accepted unaudited financial statements, and held a public hearing to adopt a resolution amending the 2023 Budget. Additionally, the Board approved the 2023 Audit, adopted three resolutions regarding continuing disclosure policies and procedures, discussed service plan amendments and website accessibility, authorized an increase in crime insurance coverage, and requested further information regarding regional transportation authority funds.

The agenda includes administrative matters such as scheduling 2025 meetings, transparency notice requirements, and renewal of district insurance and association memberships. Financial discussions focus on the ratification of payment claims, acceptance of unaudited financial statements, engagement of auditors for the 2024 audit, and public hearings regarding the amendment of the 2024 budget and adoption of the 2025 budget. Legal matters involve preparations for the May 2025 director election, service plan amendments, and district website accessibility. Additionally, the board will discuss priority projects for the use of ARTA funds.

The Board discussed potential conflicts of interest, finalized the meeting conduct via video conference, and established the 24-hour public posting location for notices. Administrative updates included acknowledging a director's resignation and reviewing election results. Financial actions involved the approval of the 2024 Audit and authorization of the associated representation letter. Legal updates provided details on an increased debt authorization following City of Aurora approval of a service plan and IGA, and the Board adopted a resolution calling for a regular election regarding debt questions. Additionally, the Board discussed the use of ARTA funds and appointed a delegate.

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.