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12-13-10 Town Council Packets(2) 014 /idie SNOWMASS VILLAGE USINUM GENERAL IMPROVEMENT DISTRICT NO. 1 AGENDA DECEMBER 13, 2010 CALL TO ORDER AT 4:00 P.M. Item No. 1: ROLL CALL Item No. 2: RESOLUTION NO. 3, SERIES OF 2010 CONSIDERATION OF A RESOLUTION LEVYING GENERAL PROPERTY TAXES FOR THE 2011 TO HELP DEFRAY THE OPERATING COSTS OF THE SNOWMASS VILLAGE GENERAL IMPROVEMENT DISTRICT NO. 1 FOR THE TOWN OF SNOWMASS VILLAGE, FOR THE 2011 BUDGET YEAR --Marianne Rakowski I Page 1 Item No. 3: DISCUSSION OF COMPOSITION OF THE GID ADVISORY BOARD Page 4 Item No. 4: APPROVAL OF GID MEETING MINUTES FOR: -April 19, 2010 -November 1, 2010 Page 5 Item No. 5: EXECUTIVE SESSION The General Improvement District Board will now meet in Executive Session pursuant to C.R.S. 24-6-402(4), to discuss one item and to receive advice of counsel: a) Determining positions relative to matters that may be subject to negotiations, developing strategy for negotiations, instructing negotiators pursuant to C.R.S. 24-6-402(4)(e), and b) Conferences with an attorney for the purposes of receiving legal advice on specific legal questions pursuant to C.R.S. 24-6 402(4)(c); Provided, there is an affirmative vote of two-thirds of the quorum present at this meeting to hold an Executive Session and for the sole purposes referenced above. Provided further, that no adoption of any proposed policy, position, resolution, regulation, or formal action shall occur at this Executive Session Item No. 6: ADJOURNMENT MEMORANDUM TO: General Improvement District Board of Directors FROM: Marianne Rakowsi, Finance Director DATE: December 13, 2010 SUBJECT: GID Resolution No. 3 Approving the 2011 mill levy for the Snowmass Village General Improvement District No. 1 I. PURPOSE AND ACTIONS REQUESTED OF COUNCIL: Review and approve Resolution No. 3, Series of 2010. A Resolution establishing the property tax mill levy for the Snowmass Village General Improvement District No. 1 of the Town of Snowmass Village. II. DISCUSSION ISSUES Resolution No. 3, Series of 2010 establishes the property tax mill levy for the year 2011. The Pitkin County Assessors Office provided the General Improvement District with the estimated assessed valuation in August of this year for use in the budget process. By December I O of each year, the County Assessor must recertify the assessed valuation to each entity. By December 15"' of each year, the General Improvement District must certify the mill levy to Pitkin County. This resolution meets that deadline. III. STAFF RECOMMENDATIONS AND FINDINGS Adopt Resolution No. 3, Series of 2010. SNOWMASS VILLAGE GENERAL IMPROVEMENT DISTRICT NO. 1 TOWN OF SNOWMASS VILLAGE, COLORADO RESOLUTION NO. 3 SERIES OF 2010 A RESOLUTION LEVYING GENERAL PROPERTY TAXES FOR THE YEAR 2011 FOR GENERAL OPERATING EXPENSES OF THE SNOWMASS VILLAGE GENERAL IMPROVEMENT DISTRICT NO. 1 FOR THE TOWN OF SNOWMASS VILLAGE, FOR THE 2011 BUDGET YEAR. WHEREAS, the Board of Directors of the Snowmass Village General Improvement District No. 1 of the Town of Snowmass Village (the "District') has adopted the annual budget in accordance with the Local Government Budget Law on October 18, 2010; and WHEREAS, the amount of money necessary for general operating expenses in 2011 and creating additional funds for future operating expenditures is $267,635.00; and WHEREAS, the 2010 valuation for assessment for the Snowmass Village General Improvement District No. 1 of the Town of Snowmass Village, Colorado, as certified by the Pitkin County Assessor is $44,605,870 which valuation may be amended and recertified by the Pitkin County Assessor. NOW, THEREFORE, BE IT RESOLVED by the Snowmass Village General Improvement District No. 1 of the Town of Snowmass Village, Colorado: Section One: Action 1. That the Snowmass Village General Improvement District No. 1 of the Town of Snowmass Village does hereby levy a tax of 10.000 mills less a temporary mill levy reduction of 4.000 mills for a net mill levy of 6.000 upon each dollar of the total valuation for assessment of all taxable property within the Snowmass Village General Improvement District No. 1 of the Town of Snowmass Village for the year 2011 for the purposes of meeting general operating expenses. There is also hereby levied a tax of .002 upon each dollar of the total valuation for assessment of all taxable property within the district for the year 201 1 to receive $89.21 for the purpose of receiving taxes abated and refunded. 2. That the Finance Director of the Town of Snowmass Village is hereby authorized and directed to immediately certify to the County Commissioners of Pitkin County, Colorado, the mill levy for the Snowmass Village General Improvement District No. 1 as hereinabove determined and set. INTRODUCED, READ AND ADOPTED on the first reading by the Board of Directors of the Snowmass Village General Improvement District No. 1 of the Town of Snowmass Village, Colorado on the 13th day of December, 2010, with a motion by and seconded by The motion was approved by a vote of in favor to opposed. 10 -03 SNOWMASS VILLAGE GENERAL IMPROVEMENT DISTRICT NO, 1 Bill Boineau, Chair ATTEST: Rhonda Coxon, Secretary MEMORANDUM TO: General Improvement District Board of Directors FROM: Russ Forrest, GID Advisory Board member DATE: December 13, 2010 SUBJECT: GID Advisory Board Vacancies I. PURPOSE AND ACTIONS REQUESTED OF COUNCIL: The purpose is to discuss the three vacancies on the GID Advisory Board. Action: The GID Board to decide whether to fill the vacancies with the names submitted by Lowe Enterprises now or to wait until after the foreclosure. II. DISCUSSION ISSUES The GID Advisory Board to the GID Board is made of six members. The three vacant seats were held by Mak Keeling, Shawn Gleason and Scott Stenman. The GID Advisory Board has received their formal resignations. Russ Forrest, Marianne Rakowski and Hunt Walker are the remaining three members. Lowe Enterprises has submitted three names to fill those vacancies, which are James De Francia, Michael Tande and Steve Santomo. The current GID Advisory Boardmembers continue to meet to support the GID Board and the operations. The Town Council can choose to: 1) Fill the three vacancies with the names submitted by Lowe, 2) Advertise or seek additional options (Aspen Ski Co, Base Village owners, etc.) for filling the advisory board, or 3) Waite until after the foreclosure is completed. SNOWMASS VILLAGE GENERAL IMPROVEMENT DISTRICT NO. 1 MINUTES APRIL 19, 2010 G.I.D. Board Chair Bill Boineau called to order the Meeting of the General Improvement District on Monday, April 19, 2010, at 5:00 p.m. Item No. 1: ROLL CALL G.I.D. BOARD MEMBERS PRESENT: Bill Boineau, John Wilkinson, Markey Butler, and Arnold Mordkin G.I.D. BOARD MEMBERS ABSENT: Reed Lewis STAFF PRESENT: Russ Forrest, Town Manager; Susan Hamley, Tourism Director; Chris Conrad, Planning Director; John Dresser, Town Attorney; Hunt Walker, Public Works Director; and Donna J. Garcia, Deputy Town Clerk PUBLIC PRESENT: Madeleine Osberger and Mary Harris Item No.2: G.I.D. MILL LEVY The Town Manager Russ Forrest reported that the Finance Director would not be in attendance during today's meeting due to a family illness. Forrest provided G.I.D. Board with background information for today's discussion and stated that during the December 7, 2009 G.I.D. Board meeting the Board inquired as to the possibility of increasing the G.I.D. mill levy to support operations; Calvin Hansen from Sherman Howard has responded with a letter attached to today's packet of information explaining the history behind the mill levy. Forrest provided the G.I.D. Board with a recap on the combined mill levies of the G.I.D. Metro District and the Base Village Districts of 49.5 mills; of this amount the Base Village Districts are authorized under the IGA to levy up to 37.5 mills for bond repayment; 6 mills for Metro District operating expenses such as the maintenance operation in Base Village and general public areas; and 6 mills for G.I.D. operations, which covers the Budget summarized within today's packet. He stated that 6 mills pays for the Skittle Lift and the snow melt system on Lower Snowmelt Road. Mr. Hansen looked at the various issues associated with this and summarized that the G.I.D. mill levy is limited to 6 mills for operating expenses based upon an Intergovernmental Agreement (IGA) between the Metro District and the G.I.D. executed in 2006 and spells out how the mill levy would be operated and the understanding behind it used in the 04 -19 -10 G.I.D. Minutes Page 2 of 5 issuance of the bonds. There is the potential opportunity to go from 6 to 10 mills, which would require a modification to the IGA and consent of both parties and according to Mr. Hansen this could be an issue for the bond holders. Forrest stated that staff could have a discussion with the Metro District and they would not be excited about shifting from 6 to 10 mills. It is also possible to increase that mixed maximum mill levy and would require approval of the individuals from that district. He further discussed Mr. Hansen's letter and stated that staff recommendation to the G.I.D. Advisory board (due to the current economic climate) is to wait two to three years when we have a better idea of future assessed values and property tax impacts to look at this issue again. G.I.D. Board Chair Boineau inquired of staff if during the original financial discussion on this property was the Town counting on the property being completed today and what is the difference in value because of lack of completion? The G.I.D. Board and staff reviewed the Budget for the Skittles operation out to 2014, which is a negative fund balance and next year from an operational standpoint, we first fund the Snowmelt operation and whatever is left is committed to the Skittles operation; the key implication for next year is instead of $150,000 for the Skittles operation we are down to $100,000. G.I.D. Board Member Markey Butler stated one of the conversations the Board had during the last meeting was the viability of G.I.D. and it looks like we're on the path of doing something significant with the G.I.D. in making sure the Skittles are running, while the summer operations we continue to decrease services because of the short fall in cash and taking it to 10 mills doesn't make sense. Forrest explained that staff is talking about from Wood Road all the way up threw and past the Children's Center Tree House. The Public Works Director Hunt Walker clarified the Base Village in 2007 constructed the snow melt on Wood Road and stopped just shy of the bridge on Wood Road and also constructed the snow melt up to Children's Center and this is the snow melt we are talking about and the town is responsible for the heating costs associated with the GAP Section, which goes from the Children's Center up to the old snow melt, which the Town built in 2008. G.I.D. Board Member Mordkin and staff discussed the cost of snow melting last year, which was approximately $194,000 and from 1967 until 2009 this Village somehow managed to not have snow melt on that particular piece of property. Mordkin stated that he would to turn it off and run the skittles for the same funds. The Public Works Director commented that the problem with cutting out snow melt operations and funding the Skittles is that that section of road would be destroyed with the snow plows. 04 -19 -10 G.I.D. Minutes Page 3of5 Mordkin stated that we are talking about a three -to -five year period and in this time frame we will be in a better position to fund the replacement of damaged roads, than putting our merchants out of business. Walker further pointed out the reason we don't plow the historical sections of snow melt road is if he sands it it doesn't do that much good and cars start sliding down so that section of road, which would impact businesses would be closed much more often than it is now and his strong recommendation is to snow melt. G.I.D. Board Member Butler stated "We can play around with the snow melt issue and I see as a potential safety issue with the change in grade but at the end of day I don't see a lot of construction happening in 2014 and I think we've got to address the big issue of where are we going with it long term and I don't see patch work quilts happening and we really need to sit down and figure out the long -term solution on this G.I.D. if we don't see any construction coming." G.I.D. Board Member John Wilkinson asked a couple of Budget questions and in response the Town Manager stated that operating costs changed from $80,000 $150,000, which was due to a decrease in operational costs, with the ASC working with staff and announced a significant reduction. This year we are able to operate it at $150,000 and still maintain the number of hours we had last year. The reduction from $150,000 to $100,000 from 10 to 11 would be a reduction in hours of operation or some other cost such as snow melt operations. In response to an inquiry by G.I.D. Board Member Wilkinson, Forrest stated that the way this is being funded is by reducing the fund balance. Wilkinson stated that in two years we are looking at reduced services and in 2014 we are totally busted and we need to increase the mill levy to keep this town going. Forrest stressed that staff does not see a practical way to raise the mill levy. If what the G.I.D. Board is asking is "How can we find a sustainable solution and it is potentially coming back to The G.I.D. Board the Skittles operation in front of you is based upon the opportunity we have with Elk Camp. He explained that one messages received within the community was to try and mirror the Skittles operation with Elk Camp and we are able to do that. If there was a desire to look at the snow melt side of it we can look at that; in terms of a pot of money we can balance that out and extend the operations further into the future but it can only go so far if we don't have further development and additional tax base. The only thing above and beyond that would be looking for other sources of funding through that other entity known as the Town of Snowmass Village. The Town Attorney John Dresser stated that the G.I.D. Board is talking about funding their operation and they also have an obligation because they put bonds out there to 04 -19 -10 G.I.D. Minutes Page 4 of 5 repay those so that is part of what the G.I.D. Board is doing and to say that you are going to close it down or let it go bankrupt and you have all those bond holders to take care of so your options are 1)Try and raise the mill levy, which is futile, think of who the voters are for raising the mill levy; or 2)As the Managing Board of the entity is cut back on the services you provide. It is very important that the G.I.D. Board makes sure that the bond holders are paid back because the credit this district enjoys is the Town of Snowmass Village's credit, which is exact the same credit that the Metro District enjoys and if you do anything to jeopardize that credit you are actually doing a disservice to the other entity that you represent as a Board. G.I.D. Board Chair Boineau directed staff to develop a number of options, including where the Town can cut back and mentioned that we should be looking at cutting back on snow melt roads; cutting out sky cab; and perhaps approaching the Town for help to run it or forming another merchant's district and continue implementing the Budget that has been approved this year and punt until next year. Boineau further clarified that the G.I.D. Board does not want staff to do anything with the mill levy question and requested that staff review how we can move forward with the next step to cut expenses or raise alternative sources of revenue. Item No. 3: DISCUSSION OF THE G.I.D. FUNDING OF THE SKITTLES LIFTS RELATING TO THE HOURS OF OPERATION AND G.I.D. MILL LEVY G.I.D. Board Chair Boineau directed staff to develop a number of options, including where the Town can cut back and mentioned that we should be looking at cutting back on snow melt roads; cutting out sky cab; and perhaps approaching the Town for help to run it or forming another merchant's district and continue implementing the Budget that has been approved this year and punt until next year. He further clarified that the G.I.D. Board does not want staff to do anything with the mill levy question and requested that staff review how we can move forward with the next step to cut expenses or raise alternative sources of revenue. G.I.D. Board Member Butler made the motion to approve the summer operations as presented by staff, keeping hours of operation from 10:00 a.m. until 8:30 p.m. and running it for seven days per week, with option to review once we are into the season. G.I.D. Board Chair Boineau seconded the motion. The motion was approved by a vote of 4 in favor to 0 opposed. G.I.D. Board Member Lewis was absent. Voting Aye: Mayor Bill Boineau, John Wilkinson, Markey Butler, and John Dresser, Town Attorney. Voting Nay: None. 04 -19 -10 G.I.D. Minutes Page 5 of 5 Item No.4: APPROVAL G.I.D. MEETING MINUTES FOR: October 19 2009 and December 7, 2009 G.I.D. Board Member Wilkinson made the motion to approve the December 7, 2009 minutes contingent upon all references as Mayor be changed to G.I.D. Chair and all references to Town Council be changed to G.I.D. Board throughout this set of minutes. Voting Aye: Mayor Bill Boineau, John Wilkinson, Markey Butler, and John Dresser, Town Attorney. Voting Nay: None. G.I.D. Board Member Wilkinson made a motion to approve as amended the minutes for October 19, 2009 contingent upon all references as Mayor be changed to G.I.D. Chair and all references to Town Council be changed to G.I.D. Board throughout this set of minutes. G.I.D. Board Member Butler seconded the motion. The motion was approved by a vote of 4 in favor to 0 opposed. G.I.D. Board Member Lewis was absent. Voting Aye: Mayor Bill Boineau, John Wilkinson, Markey Butler, and John Dresser, Town Attorney. Voting Nay: None. Item No. 5: G.I.D. MEETING ADJOURNMENT At 5:45 p.m. G.I.D. Board Member Mordkin made the motion to adjourn the G.I.D. meeting of April 19, 2010, seconded by G.I.D. Board Member Wilkinson. The motion was approved by a vote of 4 in favor to 0 opposed. G.I.D. Board Member Lewis was absent. Voting Aye: Mayor Bill Boineau, John Wilkinson, Markey Butler, John Dresser, Town Attorney, and Arnold Mordkin. Voting Nay: None. Respectfully Submitted by: Donna J. Garcia, CMC Deputy Town Clerk I SNOWMASS VILLAGE 2 REGULAR G.I.D. MEETING MINUTES 3 MONDAY, NOVEMBER 1, 2010 4 5 G.I.D. Board Chair Bill Boineau called to order the Meeting of the General Improvement 6 District on Monday, November 1, 2010, at 4:00 p.m. 7 8 Item No. 1: ROLL CALL 9 10 G.I.D. BOARD MEMBERS Bill Boineau, John Wilkinson, Reed Lewis, 11 PRESENT: and Markey Butler. 12 13 G.I.D. BOARD MEMBERS Arnold Mordkin 14 ABSENT: 15 16 STAFF PRESENT: Russ Forrest, Town Manager; Hunt Walker, 17 Public Works Director; John Dresser, Town 18 Attorney; Marianne Rakowski, Finance 19 Director; and Donna J. Garcia, Deputy Town 20 Clerk 21 22 PUBLIC PRESENT: Howard Gross, Jean Coulter, Fred Kucker, 23 Madeleine Osberger and other Members of 24 the public interested in today's agenda items 25 26 Item No. 2: RESOLUTION NO. 1 SERIES OF 2010 27 CONSIDERATION OF A RESOLUTION AMENDING THE 2010 BUDGET 28 FOR THE SNOWMASS VILLAGE GENERAL IMPROVEMENT DISTRCIT 29 NO. 1 OF THE TOWN OF SNOWMASS VILLAGE, COLOARDO 30 31 Finance Director Marianne Rakowski referred the G.I.D. Board to the packet and 32 recapped the 2010 and 2011 Revised Budget. Rakowski explained that Resolution 33 No. 1, Series of 2010 adopts the 2010 Budget and Resolution No. 2, Series of 2010 34 adopts the 2011 Budget. 35 36 Rakowski reported that revenues for 2010 are slightly down by approximately $4,500 37 due to the decrease in specific ownership, taxes and decreased income; expenditures 38 reflect an increase in legal by $4,900; the expenditures are down by approximately 39 $35,000 for operating and maintenance costs mostly in the snow melting, Lower 40 Carriage Way and Wood Road costs for boilers that needed repaired, which decreased 41 to $162,000. During 2011 the Facility Maintenance Superintendent Nick Reiter is 42 budgeting approximately $160,000. According to Rakowski, in 2010 the Sky Cab 43 operating costs are approximately $150,000 and may be a little bit lower, since we 44 haven't received the bill for September yet. 45 11- 01 -10G I Dtc Page 2 of 5 46 Rakowski explained that the Budget is based upon the per- hour -costs depending upon 47 hours of operation of the Skittles and how much it costs the Skiing Company (ASC). 48 For 2011 we are proposing the same operating hours, which means winter hours will be 49 from 4:00 8:00 p.m. and staff will come back to the G.I.D. during spring of 2011 to 50 discuss the summer operating hours. 51 52 John Wilkinson inquired of staff if this Board is subject to Tabor Amendments? 53 Rakowski responded that the Board is not and stated that Tabor doesn't restrict us from 54 using fund balances. 55 56 Wilkinson stated in reviewing the information provided to the Board through 2015 it 57 appears that the G.I.D. goes bankrupt at a certain point. Rakowski explained that the 58 original premises for the G.I.D. operating budget was the 20 mils that we had in the first 59 three years of operations, which was to build up enough of a fund balance to help 60 support those beginning years while Base Village was being built. 61 62 G.I.D. Board Member Markey Butler stated in terms of 2015's fund balance at $28,751 63 we are talking about the critical question of long -term survival of the G.I.D and inquired 64 to what extent are those who are apart of this tax authority having discussions? The 65 Town Manager Russ Forrest reported that the Metro District is having those discussions 66 as it relates to the Metro District, which also relates to these improvements but they 67 have not reached a conclusion. Rakowski stated that in the beginning when the Metro 68 District and the General Improvement District met the first thing they decided would not 69 be funded is the Skittles and were to look for other ways to fund it. 70 71 G.I.D. Board Member Reed Lewis inquired with regard to the specific ownership how 72 is it going backwards? In response, Rakowski stated based upon vehicle registrations, 73 which are down approximately to 18 Lewis further stated this is not sustainable and 74 he does not like passing budget where you spend more than you take in and he is not 75 comfortable with the information being reviewed. 76 77 The Town Manager clarified that the G.I.D. Board directed staff to look at options and 78 the previous ownership is in transition, then once the foreclosure is concluded staff 79 intends to talk with that ownership for other options; the options from the G.I.D. Board's 80 standpoint is to reduce costs and operations of the Skittles. At this point we can 81 maintain operations for another year and intend to come back to the Board during 82 spring of 2011 with additional answers and thoughts. 83 84 G.I.D. Board Member Lewis stated "It's almost as if we are planning for a bankruptcy; 85 it's not sustainable." Rakowski stated if we take out the Skittles it is sustainable and if 86 development continues, then assessed values go up. 87 11- 01 -10G I Dtc Page 3 of 5 88 G.I.D. Board Member Butler wondered if it might be wise to say that we are not going to 89 spend more than the revenue coming in and it looks like we are approximately $80,000 90 short and what we say on the Skittles line at this point we would only approve $704,000 91 for the Skittles operation and if there is change as a result of the foreclosure we would 92 be willing to consider amending the budget as we see additional revenue coming in. 93 Rakowski stated that in the Ending Fund Balance line item there is a 10% reserve for 94 anything the Board decides they want to use. She stated that last year we were 95 predicting for his year so each year we are getting a little bit better depending upon 96 what happens with the assessed value in 2012, which is the wild card. Town Attorney 97 John Dresser stated that utilities are another wild card. 98 99 After further discussion, G.I.D. Board Member Butler made a motion to approve 100 Resolution No. 1, Series of 2010 amending the 2010 Budget, seconded by G.I.D. Board 101 Chair Boineau. The vote passed with 3 in favor and 1 opposed. G.I.D. Board Member 102 Lewis opposed and Arnold Mordkin was absent. 103 104 The G.I.D. Board and staff discussed equaled budget revenues to expenditures that 105 could get us through winter time. The Town Attorney clarified that if we do it this way 106 staff will have to come back to the Board and amend the budget to operate during the 107 summer time. 108 109 G.I.D. Board Chair Boineau stated that he is willing to not have a negative budget and 110 we are not changing anything we had considered previously. He further stated that by 111 2012 we need to have a good handle on things because this is when the reassessment 112 of property tax collection affects 2012. 113 114 The Town Attorney John Dresser explained that the bond holders are bound by the 115 Intergovernmental Agreement of the G.I.D. and the only thing one can do without 116 compromising the G.I.D. to liability from bond holders is to adjust the hours of Sky Cab 117 per the contract and the G.I.D. Board does not have to contemplate that until April 2011, 118 since they have told the Advisory Board you want to run it. Rakowski stated that the 119 Board can always amend the budget during spring. 120 121 Dresser further advised the G.I.D. Board to schedule a separate meeting appointing 122 more 123 people to the G.I.D. Advisory Board in an effort to get better spectrum of commercial 124 interest from both ends. 125 126 Item No. 3: RESOLUTION NO. 2 SERIES OF 2010 127 CONSIDERATION OF A RESOLUTION SUMMARIZING REVENUES 128 AND EXPENDITURES FOR THE SNOWMASS VILLAGE GENERAL 129 IMPROVEMENT DISTRICT NO. 1, OF THE TOWN OF SNOWMASS 11-01-10GIDtc Page 4 of 5 130 VILLAGE, COLORADO, AND ADOPTING A BUDGET AND 131 APPROPRIATING SUMS OF MONEY FOR THE CALENDAR YEAR 132 BEGINNING ON THE FIRST DAY OF JANUARY 2011 AND ENDING ON 133 THE LAST DAY OF DECEMBER, 2011. 134 135 There being no further discussion, G.I.D. Board Member Wilkinson made a motion to 136 approve Resolution No. 2, Series of 2010, seconded by G.I.D. Board Chair Boineau. 137 The vote passed with 3 in favor and 1 opposed. G.I.D. Board Member Lewis opposed 138 and Arnold Mordkin was absent. 139 140 Voting Aye: Mayor Bill Boineau, John Wilkinson and Markey Butler. 141 142 Voting Nay: Reed Lewis. 143 144 Item No. 4: CONSIDERATION AND APPOINTING GENERAL IMPROVEMENT 145 DISTRICT BOARD OF DIRECTORS 146 147 The Town Manager Russ Forrest stated the purpose of this discussion is the three 148 vacancies on the G.I.D. Advisory Board; the three members from the Developer have 149 resigned and we have additional names from the Receiver as of today and we don't 150 know what will happen following the foreclosure. Forrest explained that there are 151 several options, including 1) appoint individuals suggested by Lowe, 2) Take no action 152 and wait until after the foreclosure, and 3) Seek out broader participation on this 153 Advisory Board such as other representatives from the community and property owners 154 in addition to the three individuals on town staff. He further stated that the Board is 155 under no obligation to fill the positions today. 156 157 G.I.D. Board Member Wilkinson stated that unless this Advisory Board can advise the 158 G.I.D. Board on how to increase revenues to keep operations functional "I'm inclined to 159 wait until after the foreclosure." 160 161 The Town Attorney John Dresser stated that there is only one option to the G.I.D. Board 162 contractually and this Board does not like that option. The only other way to do it is to 163 have the voters vote to increase their mill levy. 164 165 The Town Manager stated that this is one of the strategic discussions the next Council 166 will be working with and one of those significant issues will be taxing structure of both 167 Metro Districts and the General Improvement District. 168 169 Forrest stated the next action outside this governance is a discussion concerning 170 summer operations. 171 11- 01- 10GIDtc Page 5of5 172 The G.I.D. Board requested that staff schedule another meeting with the G.I.D. Board in 173 a month to appoint more members at that time. 174 175 Item No. 5: APPROVAL OF GID MEETING MINUTES FOR April 19 2010 176 177 G.I.D. Board Member Butler made a motion to approve the meeting minutes of April 19, 178 2010, seconded by G.I.D. Board Chair Boineau. G.I.D. Board Member Lewis stated 179 that he can not vote on the minutes, since he was not present during this meeting. 180 181 After further discussion, the G.I.D. Board requested that all references as Mayor be 182 changed to G.I.D. Board Chair and all references to Town Council be changed to G.I.D. 183 Board throughout this set of minutes. 184 185 G.I.D. Board Member Butler withdrew her motion to approve the G.I.D. minutes of April 186 19, 2010 and tabled further discussion until the next G.I.D. meeting, seconded by G.I.D. 187 Board Chair Boineau. The motion to table passed unanimously with 4 in favor and 0 188 opposed. G.I.D. Board Member Mordkin was absent. 189 190 Item No. 6: ADJOURNMENT 191 192 G.I.D. Board Member Wilkinson made a motion to adjourn the meeting, seconded by 193 G.I.D. Board Member Lewis. The motion passed with 4 in favor and 0 opposed. G.I.D. 194 Board Member Mordkin was absent. The meeting adjourned at 4:35 p.m. 195 196 Voting Aye: Mayor Bill Boineau, John Wilkinson, Markey Butler, and Reed Lewis. 197 198 Voting Nay: None. 199 200 Respectfully Submitted by: 201 202 203 Donna J. Garcia, CMC 204 Deputy Town Clerk