Spring Valley Community Improvement District - Regular Meeting

That must be because there are more homes up there. Their levy went up. Valuation. Oh, yeah. That was interesting to look at that. I'm glad they did it all back. Why don't we go down so bad? Between 24, 25, and 26. 12 in the hour. Hmm.

All right, welcome everyone. I'm gonna go ahead and call to order the Spring Valley Community Infrastructure District number one meeting for August 26, 2026 at 6 p.m. Go ahead and have a roll call.

Kwame.

Here.

May.

Here.

Merrill. Here. All present.

All right, item number three, approval of minutes. This is an action item for the minutes from June 24th, 2026. Mr.

Chair, I'll make a motion to approve the minutes of June 24th, 2026. All right, is there a second?

Second. All right, all in favor?

Aye.

Motion passes. Are there any additions, deletions, or modifications to the agenda this evening?

None here.

All right. Seeing none, we'll move on to item number five, approval of claims. Again, this is an action item, so I'm looking for a motion.

Ms. Chair, I'll make a motion to approve the expenses for July 2026 claims in the amount of $22,056.46 and August 2020. 26 claims in the amount of $21,778.04. All right, thank you.

Is there a second? Second. Okay, any further discussion?

No.

All right, all in favor, we'll need a roll call, please. Kwame?

Aye. May? Aye. Merrill? Aye.

Thank you. Motion passes. Motion passes. All right, that takes us down to item number six, new business. 6A is an action item. Is there any discussion or information you'd like to share?

Madam Chair, this is just us looking ahead for the year on the arbitrage that's going to be necessary on one of the bonds that Spring Valley has. So like we have these arbitrage agreements on Avam or CID, this will just be putting our contract in place for us to meet that compliance when it's necessary.

And allow us to move forward. Okay, all right, so we'll be looking for a motion to approve a letter of engagement. Do we have a motion?

Madam Chair, I'll make a motion to approve a letter of engagement with arbitrage compliance specialists for arbitrage compliance services for the series 2021 special assessment bonds.

All right, thank you. Is there a second? Second. All right, any further discussion? Hearing none, all in favor?

Aye.

Aye. All right, 6B, another action item, approving another letter of engagement. Do we have any background info or anything you'd like to expand on?

Madam Chair, members of the board, this is an engagement letter with Quest CPAs who does our audit, and it's for us to just get our contract locked in with them for the next three audits.

All right, thank you very much. We'll need a motion.

Madam Chairman. I'll make a motion to approve a letter of engagement with Quest CPAs LLC for annual auditing services for the fiscal years ending September 30th, 2026 and 2027 and 2028. All right, thank you very much.

We have a motion. Is there a second? Second. All right, any further discussion? All in favor, please signify by saying aye. Aye. All right, motion passes. Item number seven, public hearing. We have none on our agenda this evening. Reports, item eight. Anything from our board members? Okay. District financial manager.

Madam Chair, members of the board, you have the July financial statements and then copies of the continuing disclosure report for series 2026 general obligation bond and the 2026 second quarter continuing disclosure reports Again, those are required by the bank as part of our compliance and are filed with the SEC.

All right, thank you very much. Appreciate all you do in putting those agendas together. Any message or statement from our district engineer or our district attorney? None, thank you. All right. All right, that takes us down to public comment. I don't see anyone in attendance, and we have nobody online, correct? That is correct, Madam Chair. All right, so... then we can forego that statement, and that takes us down to item number 10, which is adjournment.

Madam Chair, I make a motion we adjourn.

Is there a second? Second. All right. All in favor?

Aye.

We are adjourned.