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2021-09-07 SID 587 Minutes CERTIFICATE The undersigned hereby certify that they are the Chairperson and Clerk of Sanitary and Improvement District Number 587 of Douglas County,Nebraska,(the"District")and hereby further certify as follows: 1. Annexed to this certificate is a true and correct transcript of the proceedings of the Board of Trustees of the District relating to a meeting of said District held on the date and at the time reflected in the meeting minutes contained in said foregoing transcript(the"Meeting"). All of the proceedings of the District and of the Board of Trustees thereof which are set out in the annexed and foregoing transcript have been fully recorded in the journal of proceedings of the District and the undersigned District Clerk has carefully compared the annexed and foregoing transcript with said journal and with the records and files of the District which are in such Clerk's official custody and said transcript is a full, true and complete copy of said journal,records and files which are set out therein. 2. Advanced notice for the Meeting was given by publication as set forth in the affidavit of publication contained in the foregoing transcript and was mailed to the Clerk of the municipality or county within whose zoning jurisdiction the District is located at least seven days prior to the date of the Meeting. Advanced notice for the Meeting, including notice of agenda subjects, was given to all members of the Board of Trustees. All news media requesting notification of meetings of said body were provided with advanced notice of the times and places of such meetings and the subjects to be discussed. 3. All of the subjects addressed at the Meeting were contained in the agenda for the Meeting, which agenda was kept continually current and readily available for public inspection at the address listed in the meeting notice for the Meeting and a copy of which is attached to this Certificate; such subjects were contained in said agenda for at least 24 hours prior to the Meeting and each agenda item was sufficiently descriptive to give the public reasonable notice of the matters to be considered at the Meeting. 4. A current copy of the Nebraska Open Meetings Act was available and accessible to members of the public, posted during the Meeting in the room in which such Meeting was held and all in attendance at the Meeting were informed that such copy of the Nebraska Open Meetings Act was available for review and were informed of the location of such copy in the room in which such Meeting was being held. At least one copy of all resolutions and other reproducible written materials,for which actions are shown in said proceedings,was made available for examination and copying by members of the public at the Meeting. 5. The minutes of the Meeting were in written fonn and available for public inspection within ten(10)working days after the Meeting or prior to the next convened meeting, whichever occurred earlier, at the office of the District; within thirty(30)days after the date of the Meeting, a copy of the minutes of the Meeting was sent to the Clerk of the municipality or county within whose zoning jurisdiction the District is located. 6. No litigation is now pending or threatened to restrain or enjoin the District from the issuance and delivery of any warrants or other obligations issued by the District or the levy and collection of tax or other revenues or relating to any of the improvements for which any such warrants or other obligations were or are issued nor in any manner questioning the proceedings and authority under which any such warrants or other obligations were or are issued or affecting the validity thereof; neither the corporate existence or boundaries of the District nor the title of its present officers to their respective offices is being contested; no authority or proceedings for the issuance of any warrants or other obligations by the District have been repealed,revoked or rescinded as of the date hereof. All actions taken by the Board of Trustees referred to in said transcript were taken at a public meeting while open to the attendance of the public. IN WITNESS WHEREOF,we have hereunto affixes our official sia atures this 7th day of September,2021. SI Ii _ ice. WPo Air I- ill* Terri Krasne,Clerk MINUTES OF THE MEETING OF THE BOARD OF TRUSTEES OF SANITARY AND IMPROVEMENT DISTRICT NO. 587 OF DOUGLAS COUNTY, NEBRASKA HELD AT 3:00 P.M. ON SEPTEMBER 7,2021 The meeting of the Board of Trustees of Sanitary and Improvement District No. 587 of Douglas County, Nebraska was convened in open and public session at 3:00 p.m. on September 7, 2021 at 10909 Mill Valley Road, Omaha,Nebraska, 68154, and pursuant to the conditions set forth in the Nebraska Open Meetings Act, a copy of which was made available for review to all in attendance at these proceedings, in accordance with State Law. Trustees Terri Krasne, Steve Champoux, and Alicia Jones were present at the meeting at the abovementioned location. Larry A. Jobeun of Fullenkamp Jobeun Johnson & Beller, LLP, attorneys on behalf of the District, Adam Flanagan of Kuehl Capital Corporation, municipal advisors on behalf of the District, and Kyle Vohl of E & A Consulting Group, Inc., consulting engineers on behalf of the District were also present at the meeting. Trustees Larry Kelberg and Tim Kerrigan were absent. Notice of the meeting was given in advance thereof by publication in The Daily Record on August 31;2021, a copy of the Proof of Publication being attached to these minutes. Notice of the meeting was simultaneously given to all members of the Board of Trustees and a copy of their Acknowledgement of Receipt of Notice is attached to these minutes. Availability of the agenda was communicated in the published notice and in the notice of the Trustees of this meeting. All proceedings of the Board were taken while the convened meeting was open to the attendance of the public. The Clerk then certified that notice of this meeting had been given to the City of Omaha, Nebraska and the Douglas County Clerk at least seven days prior to the time set by the Board of Trustees for this meeting and filed his Certificate to that effect, said Certificate being attached to these minutes and made part hereof by this reference. The Budget Hearing of Sanitary and Improvement District No. 587 was held the 7th day of September, 2021 at 3:00 p.m. Three (3) copies of the proposed budget statement were available to the public. The Chairman then presented the proposed budget of the District outlining the key provisions of the proposed budget statement, including, but not limited to, a comparison with the prior year's budget and advised that the Budget Summary had been published in The Daily Record a legal newspaper of Douglas County, Nebraska on August 31, 2021, a copy of the Proof of Publication being attached to these minutes. The floor was then opened for public comment on the proposed budget statement. All members of the public wishing to address the governing body were provided a reasonable amount of time to do so. It was then advised that no one owning property or having a vested interest in the property located within the boundaries of the District appeared at this hearing on the proposed Budget and Budget Summary to offer support, opposition, criticism, suggestions, or observations concerning the proposed Budget. The Chairman noted that the budget complies with the current provisions of the Nebraska Lid Law, and that the property taxes for the Bond Fund and General Fund are as follows: Bond Fund $-0- $0.0 General Fund $72,738.00 $0.900000 Total $72,738.00 $0.900000 Following discussion concerning the budget, a motion was duly made, seconded, and approved by unanimous vote of the Board of Trustees to adopt the budget as proposed for the 2021/22 fiscal year. The Clerk was then directed to attach a copy of the budget as adopted to these minutes. The Chairman further stated that the Board is required to hold a separate Special Public Hearing in order to set the 2021/22 Property Tax Request at an amount which is different from the prior year's tax request, and that the District has until October 13 to file with the County Clerk a Resolution setting a tax request different from the prior year. The District must also publish notice of the Special Public Hearing reflecting the date and time for said Special Public Hearing, and the Chairman noted that such notice had been published as reflected in the Proof of Publication attached hereto. The Chairman then advised that the meeting was now open for a Special Public Hearing on the issue of setting the Property Tax Request at an amount different from the prior year's request as required by Neb. Rev. Stat. §77-1601.02. The Chairman advised that no one appeared in opposition. Following discussion, the Chairman declared the public hearing on the Budget and the Special Public Hearing to be closed, whereupon, a motion was duly made, seconded, and the following resolutions passed: NOW, THEREFORE BE IT RESOLVED BY SANITARY AND IMPROVEMENT DISTRICT NO. 587 OF DOUGLAS COUNTY,NEBRASKA,AS FOLLOWS: 1) The 2021/22 Property Tax Request be set at $72,738.00, ($0.900000)broken down as follows: Bond Fund $-0- $0.0 General Fund $72,738.00 $0.900000 Total $72,738.00 $0.900000 2) The total assessed value of property differs from last year's total assessed value by 156%. 1 3) The tax rate which would levy the same amount of property j taxes as last year, when multiplied by the new total assessed value of property, would be $0.351058 per $100 of assessed valuation. 4) The District proposes to adopt a Property Tax Request that will cause its tax rate to be $0.900000 per $100 of assessed value, broken down as follows: Bond Fund $-0- $0.0 General Fund $72,738.00 $0.900000 Total $72,738.00 $0.900000 5) Based on the proposed Property Tax Request and changes in other revenue, the total operating budget of the District will exceed last years by 439%. 6) A copy of this Resolution be certified and forwarded to the County Clerk on or before October 13, 2021. Then, upon a motion duly made, seconded, and unanimously adopted, the Chairman declared the above resolutions duly carried and adopted. The compliance officer for the District, Terri Krasne, the duly acting Clerk and a Trustee on behalf of the District, acknowledged that Kuehl Capital Corporation, as Municipal Advisor for the District, completed the Post Issuance Tax Exempt Compliance Review and the District is adhering to its post issuance compliance obligations. The Chairman next presented the following invoices and statements to be paid out of the General Fund Account of the District: a. Commercial Seeding Contractors for SWPPP, erosion control main- $2,421.74 tenance, and ROW and basin mowing, as directed (#25194, 25370, 25372, 25529). b. Lutz& Company, PC for preparation of the budget documents and $3,250.00 related accounting services (No. 291671). c. Fullenkamp Jobeun Johnson& Beller, LLP for legal services and ex- $8,364.52 penses of the District for FY 2021. d. SID Services LLC for Paying Agent and Registrar Annual Fee on $ 500.00 General Fund Warrants of the District(#126). e. Kuehl Capital Corporation for municipal advisory services on Gen- $ 472.43 eral Fund Warrants issued at this meeting (3.25%). f. Kuehl Capital Corporation for Financial Advisor/Fiscal Agent ser- $7,500.00 vices for FY 2021/2022 (General Fund) {#2649}. g. The Baker Group, L.P. for underwriting services on General Fund $ 168.82 Warrants issued at this meeting (0.75%). The Chairman next presented the following invoices and statements to be paid out of the Construction Fund Account of the District: a. SID Services LLC for Paying Agent and Registrar Annual Fee on $ 500.00 Construction Fund Warrants of the District (#19). b. Kuehl Capital Corporation for municipal advisory services on Con- $ 16.25 struction Fund Warrants issued at this meeting (3.25%). c. Kuehl Capital Corporation for Financial Advisor/Fiscal Agent ser- $ 582.00 vices for FY 2021/2022 (Bond Fund) {#2649}. d. The Baker Group, L.P. for underwriting services on Construction $ 8.24 Fund Warrants issued at this meeting (0.75%). Upon a motion made, seconded and upon a roll call vote of"aye", the Board voted three (3) "ayes" and zero (0) "nay" to approve the payments from the General Fund Account and Construction Fund Account of the District. The Clerk was then directed to attach copies of the invoices to these minutes. After discussion the Resolution contained herein below and by this reference incorporated was duly introduced, seconded and upon a roll call vote of"aye" by the Trustees Terri Krasne, Steve Champoux, and Alicia Jones was unanimously adopted: BE IT RESOLVED by the Board of Trustees of Sanitary and Improvement District No. 587 of Douglas County, Nebraska that the Chairman and Clerk be and hereby are authorized and directed to execute and deliver Warrant Nos. 286 through 298, inclusive, of the District, dated the date of this meeting, to the payees, for the following services and in the following amounts, said warrants to draw interest at the rate of 7% per annum, Warrant Nos. 286 through 294, inclusive, to be payable from the General Fund Account of the District and to be redeemed no later than three (3) years of the date hereof being September 7, 2024 (the "General Fund Warrants"), and Warrant Nos. 295 through 298, inclusive, to be payable from the Construction Fund Account of the District (interest payable annually on August 1st) and to be redeemed no later than five (5) years of the date of Septemeber 7, 2026 (the "Construction Fund Warrants"), subject to extension of said maturity date by order of the District Court of Douglas County, Nebraska after notice is given as required by law, to- wit: a) Warrant No. 286 for $2,421.74 made payable to Commercial Seeding Contractors for SWPPP, erosion control maintenance, and ROW and basin mowing, as directed. b) Warrant No. 287 for $3,250.00 made payable to Lutz & Company, PC for preparation of the budget documents and related accounting services. c) Warrant No. 288 for $5,000.00 and Warrant No. 289 for $3,364.52, both made payable to Fullenkamp Jobeun Johnson & Beller, LLP for legal services and expenses of the District for FY 2021. d) Warrant No. 290 for $500.00 made payable to SID Services LLC for Paying Agent and Registrar Annual Fee on General Fund Warrants of the District. e) Warrant No. 291 for $472.43 made payable to Kuehl Capital Corporation for municipal advisory services on General Fund Warrants issued at this meeting (3.25%). f) Warrant No. 292 for $5,000.00 and Warrant No. 293 for $2,500.00, both made payable to Kuehl Capital Corporation for Financial Advisor/Fiscal Agent services for FY 2021/2022 (General Fund). g) Warrant No. 294 for $168.82 made payable to The Baker Group, L.P. for underwriting services on General Fund Warrants issued at this meeting (0.75%). h) Warrant No. 295 for $500.00 made payable to SID Services LLC for Paying Agent and Registrar Annual Fee on Construction Fund Warrants of the District. CF i) Warrant No. 296 for $16.25 made payable to Kuehl Capital Corporation for municipal advisory services on Construction Fund Warrants issued at this meeting (3.25%). CF j) Warrant No. 297 for $582.00 made payable to Kuehl Capital Corporation for Financial Advisor/Fiscal Agent services for FY 2021/2022 (Bond Fund). CF k) Warrant No. 298 for $8.24 made payable to The Baker Group, L.P. for underwriting services on Construction Fund Warrants issued at this meeting (0.75%). CF BE IT FURTHER RESOLVED by the Board of Trustees of Sanitary and Improvement District No. 587 of Douglas County, Nebraska, that the District hereby finds and determines and covenants, warrants and agrees as follows in connection with the issuance of the Construction Fund Warrants: (i) the improvements being financed by the Construction Fund Warrants are for essential governmental functions of the District and are designed to serve members of the general public on an equal basis; (ii) all said improvements have from the time of their first acquisition and construction been owned, are owned and are to be owned by the District or another political subdivision; (iii) to the extent special assessments have been or are to be levied for any of said improvements, such special assessments have been or are to be levied under Nebraska law as a matter of general application to all property specially benefited by said improvements in the District; (iv) the development of the land in the District is for residential or commercial use and the development of the land in the District for sale and occupation by the general public has proceeded and is proceeding with reasonable speed; (v) other than any incidental use of said improvements by a developer during the initial period of development of said improvements, there have been, are and will be no persons with rights to use such improvements other than as members of the general public; (vi) none of the proceeds of said Construction Fund Warrants have been or will be loaned to any private person or entity; and (vii) and the District does not reasonably expect to sell or otherwise dispose of said improvements, in whole or in part, prior to the last maturity of the Construction Fund Warrants. BE IT FURTHER RESOLVED by the Board of Trustees of Sanitary and Improvement District No. 587 of Douglas County, Nebraska that the District hereby covenants and agrees as follows in connection with the issuance of the Construction Fund Warrants: (i) it will comply with all applicable provisions of the Code, including Sections 103 and 141 through 150, necessary to maintain the exclusion from gross income for federal income tax purposes of the interest on the Construction Fund Warrants and (ii) it will not use or permit the use of any proceeds of the Construction Fund Warrants or any other funds of the District nor take or permit any other action, or fail to take any action, if any such action or failure to take action would adversely affect the exclusion from gross income of the interest on the Construction Fund Warrants. In addition, the District will adopt such other resolutions and take such other actions as may be necessary to comply with the Code and with all other applicable future laws, regulations, published rulings and judicial decisions, in order to ensure that the interest on the Construction Fund Warrants will remain excluded from federal gross income, to the extent any such actions can be taken by the District. The District covenants and agrees that (i) it will comply with all requirements of Section 148 of the Code to the extent applicable to the Construction Fund Warrants, (ii) it will use the proceeds of the Construction Fund Warrants as soon as practicable and with all reasonable dispatch for the purposes for which the Construction Fund Warrants are issued, and (iii) it will not invest or directly or indirectly use or permit the use of any proceeds of the Construction Fund Warrants or any other funds of the District in any manner, or take or omit to take any action, that would cause the Construction Fund Warrants to be "arbitrage bonds" within the meaning of Section 148(a) of the Code. The District covenants and agrees that it will pay or provide for the payment from time to time of all amounts required to be rebated to the United States pursuant to Section 148(f) of the Code and any Regulations applicable to the Construction Fund Warrants from time to time. This covenant shall survive payment in full of the Construction Fund Warrants. The District specifically covenants to pay or cause to be paid to the United States, the required amounts of rebatable arbitrage at the times and in the amounts as determined by reference to the Code and the Regulations. Pursuant to the "small issuer exception" set forth below, the District does not believe the Construction Fund Warrants will be subject to rebate. The District covenants and agrees that (to the extent within its power or direction) it will not use any portion of the proceeds of the Construction Fund Warrants, including any investment income earned on such proceeds, directly or indirectly, in a manner that would cause any Construction Fund Warrant to be a "private activity bond". The District makes the following representations in connection with the exception for small governmental units from the arbitrage rebate requirements under Section 148(f)(4)(D) of the Code: (i) the District is a governmental unit under Nebraska law with general taxing powers; (ii) none of the Construction Fund Warrants is a private activity bond as defined in Section 141 of the Code; (iii) ninety-five percent or more of the net proceeds of the Construction Fund Warrants are to be used for local governmental activities of the District; (iv) the aggregate face amount of all tax-exempt obligations (other than "private activity bonds," but including any tax-exempt lease-purchase agreements) to be issued by the District during the current calendar year is not reasonably expected to exceed $5,000,000; and (v) the District (including all subordinate entities thereof) will not issue in excess of $5,000,000 of tax-exempt indebtedness (other than "private activity bonds" and certain refunding bonds, but including any tax-exempt lease-purchase agreements) during the current calendar year without first obtaining an opinion of nationally recognized counsel in the area of municipal finance that the excludability of the interest on the Construction Fund Warrants from gross income for federal tax purposes will not be adversely affected thereby. BE IT FURTHER RESOLVED by the Board of Trustees of Sanitary and Improvement District No. 587 of Douglas County, Nebraska that the District hereby designates the Construction Fund Warrants as its "qualified tax-exempt obligations"under Section 265(b)(3)(B)(i)(III) of the Code. BE IT FURTHER RESOLVED by the Board of Trustees of Sanitary and Improvement District No. 587 of Douglas County, Nebraska that this and the preceding Resolutions are hereby adopted as the Certificate with Respect to Arbitrage of the District pertaining to the Construction Fund Warrants and the District hereby further certifies, as of the date of the registration of the Construction Fund Warrants with Douglas County,Nebraska as follows: 1. The District reasonably anticipates that a portion of the monies in its Bond Fund will be expended for payment of principal of and interest on its bonds and/or construction fund warrants of the District within 12 months after receipt of such monies. The District hereby establishes a reserve fund within its Bond Fund in connection with the issuance of the Construction Fund Warrants in the amount equal to the least of (i) 10% of the stated principal amount of the Construction Fund Warrants, (ii) the maximum annual debt service due on the Construction Fund Warrants during any fiscal year, or (iii) 125% of the average annual debt service for the Construction Fund Warrants over the term of such warrants. That amount that is currently held in the District's Bond Fund which exceeds the amount to be expended for payment of principal and interest on the bonds and/or construction fund warrants of the District within 12 months after receipt of such monies, plus that amount arrived at pursuant to the immediately preceding sentence, will not be invested in any securities or any other investment obligations which bear a yield, as computed in accordance with the actuarial method, in excess of the yield on the Construction Fund Warrants. 2. To the best of their knowledge, information, and belief, the above expectations are reasonable. 3. The District has not been notified of any listing of it by the Internal Revenue Service as an issuer that may not certify its debt. 4. This Certificate is being passed, executed and delivered pursuant to Section 1.148-2 (b) (2) of the Income Tax Regulations under the Code (the "Regulations"). BE IT FURTHER RESOLVED by the Board of Trustees of Sanitary and Improvement District No. 587 of Douglas County, Nebraska the District hereby authorizes and directs the Chair or Clerk to file or cause to be filed, when due, an information reporting form pursuant to Section 149(e) of the Internal Revenue Code of 1986, as amended (the "Code"), pertaining to the General Fund Warrants and the Construction Fund Warrants; and No opinion of nationally recognized counsel in the area of municipal finance has been delivered with respect to the treatment of interest on the General Fund Warrants. Purchasers of the General Fund Warrants are advised to consult their tax advisors as to the tax consequences of purchasing or holding the General Fund Warrants. {Remainder of page intentionally left blank; signatures on following page} MINUTES SIGNATURE PAGE FROM THE MEETING OF SANITARY AND IMPROVEMENT DISTRICT NO. 587 OF DOUGLAS COUNTY, NEBRASKA, HELD ON SEPTEMEBR 7, 2021 —ANNUAL BUDGET MEETING There being no further business to come before the meeting, the meeting was adjourned. ve Ch Terri Krasne, C er ACKNOWLEDGMENT OF RECEIPT OF NOTICE OF MEETING The undersigned Trustees of Sanitary and Improvement District No. 587 of Douglas County, Nebraska do hereby acknowledge receipt of advanced notice of a meeting of the Board of Trustees of said District and that the agenda for such meeting, held at 3:00 p.m. on September 7, 2021, at 10909 Mill Valley Road,Omaha,Nebraska,68154,is kept continuously current and shall be readily available for public inspection at the principal office of the public body during normal business hours. DATED this day of September, 2021. // li Wrier CERTIFICATE The undersigned being Clerk of Sanitary and Improvement District No. 587 of Douglas County,Nebraska hereby certifies that Notice of meeting of the Board of Trustees of said District held on September 7, 2021, was delivered to the City Clerk of Omaha,Nebraska, via facsimile or electronic mail transmittal, at least seven(7) days prior to the date of said meeting. The undersigned further certifies that the agenda for the meeting of the Board of Trustees of said District was prepared and available for public inspection pursuant the instructions contained in the notice of meeting given in advance thereof by publication in The Daily Record on August 31, 2021, and that no items were added to the agenda after the commencement of the meeting; and further,that the minutes for the meeting were available for public inspection within ten(10)days of the date of said meeting and that a copy of the minutes of this meeting were sent to the Douglas County Clerk, Omaha,Nebraska within thirty (30) days from the date of this meeti g. Terri asne, Clerk RESOLUTION AND EXTRACT OF MINUTES OF BUDGET HEARING AND SPECIAL PUBLIC HEARING TO ADOPT BUDGET AND SET FINAL TAX REQUEST SANITARY AND IMPROVEMENT DISTRICT NO. 587 OF DOUGLAS COUNTY,NEBRASKA The.Budget Hearing of Sanitary and Improvement District No. 587 was held the 7`h day of September, 2021 at 3:00 p.m. Three (3) copies of the proposed budget statement were available to the public. The Chairman then presented the proposed budget of the District outlining the key provisions of the proposed budget statement, including, but not limited to, a comparison with the prior year's budget and advised that the Budget Summary had been published in The Daily Record a legal newspaper of Douglas County,Nebraska on August 31, 2021, a copy of the Proof of Publication being attached to these minutes. The floor was then opened for public comment on the proposed budget statement.All members of the public wishing to address the governing body were provided a reasonable amount of time to do so. It was then advised that no one owning property or having a vested interest in the property located within the boundaries of the District appeared at this hearing on the proposed Budget and Budget Summary to offer support,opposition,criticism, suggestions,or observations concerning the proposed Budget.The Chairman noted that the budget complies with the current provisions of the Nebraska Lid Law, and that the property taxes for the Bond Fund and General Fund are as follows: Bond Fund $-0- $0.0 General Fund $72,738.00 $0.900000 Total $72,738.00 $0.900000 Following discussion concerning the budget,a motion was duly made, seconded,and approved by unanimous vote of the Board of Trustees to adopt the budget as proposed for the 2021/22 fiscal year. The Clerk was then directed to attach a copy of the budget as adopted to these minutes. The Chairman further stated that the Board is required to hold a separate Special Public Hearing in order to set the 2021/22 Property Tax Request at an amount which is different from the prior year's tax request, and that the District has until October 13 to file with the County Clerk a Resolution setting a tax request different from the prior year. The District must also publish notice of the Special Public Hearing reflecting the date and time for said Special Public Hearing, and the Chairman noted that such notice had been published as reflected in the Proof of Publication attached hereto. The Chairman then advised that the meeting was now open for a Special Public Hearing on the issue of setting the Property Tax Request at an amount different from the prior year's request as required by Neb. Rev. Stat. §77-1601.02. The Chairman advised that no one appeared in opposition. Following discussion, the Chairman declared the public hearing on the Budget and the Special Public Hearing to be closed,whereupon, a motion was duly made, seconded, and the following resolutions passed: NOW, THEREFORE BE IT RESOLVED BY SANITARY AND IMPROVEMENT DISTRICT NO. 587 OF DOUGLAS COUNTY, NEBRASKA,AS FOLLOWS: 1) The 2021/22 Property Tax Request be set at$72,738.00, ($0.900000) broken down as follows: Bond Fund $-0- $0.0 General Fund $72,738.00 $0.900000 Total $72,738.00 $0.900000 2) The total assessed value of property differs from last year's total assessed value by 156%. 3) The tax rate which would levy the same amount of property taxes as last year,when multiplied by the new total assessed value of property, would be$0.351058 per$100 of assessed valuation. 4) The District proposes to adopt a Property Tax Request that will cause its tax rate to be $0.900000 per$100 of assessed value, broken down as follows: Bond Fund $-0- $0.0 General Fund $72,738.00 $0.900000 Total $72,738.00 $0.900000 5) Based on the proposed Property Tax Request and changes in other revenue, the total operating budget of the District will exceed last years by 439%. 6) A copy of this Resolution be certified and forwarded to the County Clerk on or before October 13, 2021. Then, upon a motion duly made, seconded, and unanimously adopted, the Chairman declared the above resolutions duly carried and adopted. The undersigned hereby certifies that he is the duly elected, qualified and acting Clerk of Sanitary and Improvement District No. 587 of Douglas County, Nebraska, and that the foregoing extract is a full, true, and complete copy of that portion of the Minutes as it claims to be and that the foregoing resolutions have been spread upon the minutes of the District. Dated this 7th day of September, 2021. TERM KRASNE, CLERK o 0. r. E ° y co a) co cN +• 0 Z.M r - a) 0 Q _oO ° J N C a M Z � .0 a.. N A r a) Ere caa2 0- mE ° C E 0 O U- a) J > N I_ U C `p L Q C O. m a N a) cn re O _2 Sc J `o la Z 2 4 Ca c m0.63 � E.= O a C a 0 o m m a) o o j Zas U p N o 0 0 E .L.. z too Z N Z ° C N m z >, v < 0 a) 'm w >-O CO .- :: m o Ny E m o i0 /V1\� ° T O C L 'O N - y C Q u) 'x J C Q N C a{ F. N 1 ^ N CO 0 O O > > ° a c c a) °� o >,. 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The budget detail is available at the office of the Clerk during regular business hours. 2019-2020 Actual Disbursements&Transfers $ 936,529.00 2020-2021 Actual Disbursements&Transfers $ 402,509.00 2021-2022 Proposed Budget of Disbursements&Transfers $ 2,047,820.00 2021-2022 Necessary Cash Reserve $ 543,259.76 2021-2022 Total Resources Available - $ 2,591,079.76 Total 2021-2022 Personal&Real Property Tax Requirement $ 72,738.00 Unused Budget Authority Created For Next Year N/A Breakdown of Property Tax: Personal and Real Property Tax Required for Non-Bond Purposes $ 72,738.00 Personal and Real Property Tax Required for Bonds $ - NOTICE OF SPECIAL HEARING TO SET FINAL TAX REQUEST PUBLIC NOTICE is hereby given, in compliance with the provisions of State Statute Section 77-1601.02,that the governing body will meet on the day of 2021, at o'clock ,at for the purpose of hearing support, opposition,criticism, suggestions or observations of taxpayers relating to setting the final tax request. 2020 2021 Change Operating Budget 380,140.00 2,047,820.00 439% Property Tax Request $ 28,372.50 $ 72,738.00 156% Valuation 3,152,500 8,082,000 156% Tax Rate 0.900000 0.900000 0% Tax Rate if Prior Tax Request was at Current Valuation 0.351058 CERTIFICATION OF TAXABLE VALUE And VALUE ATTRIBUTABLE TO GROWTH TAX YEAR 2021 TO: Whom it May Concern TAXABLE VALUE LOCATED IN THE COUNTY OF DOUGLAS Name of Subdivision *2021 Value 2021 Total Political Subdivision Type Attributable to Growth Taxable Value 587 SID $4,699,500 $8,082,000 * Value attributable to growth is determined pursuant to section 13-518 which includes real and personal property and annexation, if applicable. Pursuant to section 13-509, I Diane L. Battiato, CPO, Douglas County Assessor/Register of Deeds hereby certifies that the valuation listed herein is, to the best of my knowledge and belief, the true and accurate taxable valuation for the current year. Cia szind Affloatera August 20, 2021 Date CC: County Clerk, Douglas County Note to political subdivision: A copy of the certification of Value must be attached to budget document. Form provided by the State of Nebraska Department of Property Assessment&Taxation, 2010 O O <o O a to O a 0 CO (O a O O O N. 0 0 IN 0 0 O h I- N O N ao CO r OI CD ' r 0) 0 O C. 0) (0 (0 0) a I' O r N. N O N N ` N CO CO O CO Co O O (0 O CO N Co a N. CO a laaa N fix. 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Prior Year Capital Improvements Excluded from Restricted Funds (From Prior Year Lid Exceptions, Line (10)) $ - (5) LESS: Amount Spent During 2020-2021 $ - (6) LESS: Amount Expected to be Spent in Future Budget Years $ - (7) Amount to be included as Restricted Funds(cannot be a Negative Number) (8) $ Nameplate Capacity Tax (8a) $ TOTAL RESTRICTED FUNDS (A) (9) $ 72,788.00 Lid Exceptions Capital Improvements (Real Property and Improvements on Real Property) $ - (10) LESS: Amount of prior year capital improvements that were excluded from previous lid calculations but were not spent and now budgeted this fiscal year (cannot exclude same capital improvements from more than one lid calculation.) Agrees to Line (7). $ - (11) Allowable Capital Improvements (12) $ - Bonded Indebtedness (13) $ - Public Facilities Construction Projects (Statutes 72-2301 to 72-2308) (14) Interlocal Agreements/Joint Public Agency Agreements (15) $ - Judgments (16) Refund of Property Taxes to Taxpayers (17) Repairs to Infrastructure Damaged by a Natural Disaster (18) TOTAL LID EXCEPTIONS (B) (19) $ - TOTAL RESTRICTED FUNDS For Lid Computation (To Line 9 of the Lid Computation Form) $ 72,788.00 To Calculate: Total Restricted Funds(A)-Line 9 MINUS Total Lid Exceptions(B)-Line 19 Total Restricted Funds for Lid Computation cannot be less than zero. See Instruction Manual on completing the Lid Supporting Schedule. Page 4 SID#587 in Douglas County LID COMPUTATION FORM FOR FISCAL YEAR 2021-2022 PRIOR YEAR RESTRICTED FUNDS AUTHORITY OPTION 1 OR OPTION 2 OPTION 1 2020-2021 Restricted Funds Authority=Line(8)from last year's Lid Computation Form - Option 1 -(1) OPTION 2 Only use if a vote was taken last year at a townhall meeting to exceed Lid for one year Line(1)of Prior Year Lid Computation Form Option 2-(A) Allowable Percent Increase Less Vote Taken From Prior Year Lid Computation Form Line(6)-Line(5) Option 2-(B) Dollar Amount of Allowable Increase Excluding the vote taken Line(A)times Line(B) - Option 2-(C) Calculated 2020-2021 Restricted Funds Authority(Base Amount) Line(A) Plus Line(C) - Option 2-(1) CURRENT YEAR ALLOWABLE INCREASES LA BASE LIMITATION PERCENT INCREASE(2.5%) 2.50 % (2) ElALLOWABLE GROWTH PER THE ASSESSOR MINUS 2.5% 146.57 % 4,699,500.00 / 3,152,500.00 = 149.07 % (3) 2021 Growth 2020 Valuation Multiply times per Assessor 100 To get% ElADDITIONAL ONE PERCENT BOARD APPROVED INCREASE - % - % (4) #of Board Members Total#of Members Must be at least voting"Yes"for Increase in Governing Body at .75(75%)of the Meeting Governing Body ATTACH A COPY OF THE BOARD MINUTES APPROVING THE INCREASE. EISPECIAL ELECTIONITOWNHALL MEETING-VOTER APPROVED%INCREASE (5) Please Attach Ballot Sample and Election Results OR Record of Action From Townhall Meeting TOTAL ALLOWABLE PERCENT INCREASE=Line(2)+ Line(3)+Line(4)+ Line(5) 149.07 % (6) Allowable Dollar Amount of Increase to Restricted Funds=Line(1)x Line(6) - (7) Total Restricted Funds Authority= Line (1)+Line(7) - (8) Less: Restricted Funds from Lid Supporting Schedule 72,788.00 (9) Total Unused Restricted Funds Authority=Line(8)-Line(9) N/A (10) LINE(10)MUST BE GREATER THAN OR EQUAL TO ZERO OR YOU ARE IN VIOLATION OF THE LID LAW. The amount of Unused Restricted Funds Authority on Line(10)must be published in the Notice of Budget Hearing. Page 5 2021-2022 Levy Limit Form Sanitary and Improvement Districts SID# 587 in Douglas County Total Personal and Real Property Tax Request $ 72,738.00 (1) Less Personal and Real Property Tax Request for: Judgments(not paid by liability insurance coverage) ( ) (A) Preexisting lease-purchase contracts approved prior to July 1. 1998 ( ) (B) • Bonded Indebtedness ( $ - ) (c) Public Facilities Construction Projects (Statutes 72-2301 to 72-2308) ( ) (D) Total Exclusions ( $ - ) (2) Personal and Real Property Tax Request subject to Levy Limit $ 72,738.00 (3) Valuation (Per the County Assessor) $ 8,082,000.00 (4) Calculated Levy for Levy Limit Compliance 0.900000 [Line(3) Divided By Line(4)Times 100] (5) Note : Levy Limit established by State Statute Section 77-3442: Sanitary and Improvement District (SID) Levy-40 cents Attach supporting documentation if a vote was held to exceed levy limits. Page 7 SID#587 of Douglas County 2020/2021 Valuations-Final 3,152,500 2020/2021 Levy General Fund 0.009000 Bond Fund 0.000000 Total Levy 0.0090 2020/2021 Estimated Taxes General Fund 28,372.50 Bond Fund 0.00 28,372.50 2021/2022 Valuations-Final 8,082,000 2021/2022 Levy General Fund 0.009000 Bond Fund 0.000000 Total Levy 0.0090 2021/2022 Estimated Taxes General Fund 72,738.00 Bond Fund 0.00 72,738.00 2021/2022 GROWTH 4,699,500 2021/2022 GROWTH ALLOCATION 149.07% LESS: BASE LIMITATION 2.50% ALLOWABLE GROWTH LESS BASE 146.57% N � 1 co 0 r � Y S N C c Q N CO O C :II tN CO a ti 'C N ® O N EO O > N y O ro C N J o n G 0- a m v in N co In N y. O N a) N -O > O In en CO In W ci C C N N = O 0 X m 0 ei m O m N p N O O O Q C 'O 0 N C N N O CO N N N N N >- d X N N o1 p in O N m O m 'o >a o 0 0 a 0 ‘-Im >- ++,, 4- N w O s -O 0 O U O Li-. a• 0+ N C a in p > >N o - = v U1Li- l. = co -O C = d T to - roN O COC 0 - v C CO H O N ti O -o y N �n d n C O to 'n E o N N 00 N N C t o C tztrn Q 3 F- Co. 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M M 6 N fA 69 O O O O O O O O O 00 O 00 N M 69 M 00 n n C N N 00 l- n 6H 69 69 O O O O O I O O\ O, O O C O O O O O ❑7 Ocip UvI 04 a o O d � C7 W F CO W Q a a H FK En Snapshot Report frerKU E H L CAPITAL SID NO. 587 - TOWNHOMES OF VILLAGE POINTE MUNICIPAL FINANCIAL ADVISORS As of September 01,2021 VALUATION VALUE NET DEBT TO VALUE 2019 $206,200.00 423.87% 2020 $3,152,500.00 27.72% 2021 $8,082,000.00 10.81% CASH AND INVESTMENTS AS OF 07/31/2021 GENERAL FUND BOND FUND CASH $12,726.94 $220,024.48 INVESTMENTS $0.00 $0.00 TOTAL CASH AND INVESTMENTS $12,726.94 $220,024.48 SPECIAL ASSESSMENTS AS OF 07/31/2021 DATE OF LEVY LEVIED BALANCE 06/04/2020 $633,288.25 $186,261.25 $633,288.25 $186,261.25 BONDS OUTSTANDING REMAINING AVERAGE DATE OF ISSUE ISSUE AMOUNT BALANCE ANNUAL DEBT SERVICE $0.00 $0.00 $0 $0.00 $0.00 $0 WARRANTS OUTSTANDING GENERAL FUND BOND FUND 2022 $41,369.36 $0.00 2023 $71,631.03 $0.00 2024 $54,175.71 $962,968.71 2025 $0.00 $229,716.50 2026 $0.00 $87,628.64 $167,176.10 $1,280,313.85 LEVY (FISCAL YEAR 2020-20211 LEVY (FISCAL YEAR 2021-20221 RATE PER 5100 NET TAX REVS RATE PER 5100 NET TAX REVS BOND FUND $0.0000 $0.00 BOND FUND $0.0000 $0.00 GENERAL FUND $0.9000 $27,805.05 GENERAL FUND $0.9000 $71,283.24 TOTAL LEVY $0.9000 TOTAL LEVY $0.9000 14747 California Street,Suite 1 • Omaha, NE 68154 • 402-391-7977 9/1/2021 10:48 Member FINRA/SIPC Page 1 of 6 Sources and Uses of Funds KU E H L CAPITAL SID NO. 587 - TOWNHOMES OF VILLAGE POINTE flik. MUNICIPAL FINANCIAL ADVISORS July 12021 to June 30 2022 CASH AND INVESTMENTS BEGINNING OF PERIOD GENERAL FUND BOND FUND CASH $9,824.13 $220,024.48 INVESTMENTS $0.00 $0.00 TOTAL CASH AND INVESTMENTS $9,824.13 $220,024.48 SOURCES OF FUNDS REAL PROPERTY TAXES 20-21 $2,962.05 $0.00 TOTAL SOURCES OF FUNDS $2,962.05 $0.00 USES OF FUNDS TRES COMMISSION DISTR-TAXES ($59.24) $0.00 TOTAL USES OF FUNDS ($59.24) $0.00 CHANGE IN CASH AND INVESTMENTS $2,902.81 $0.00 CASH AND INVESTMENTS END OF PERIOD $12,726.94 $220,024.48 14747 California Street,Suite 1 • Omaha, NE 68154 • 402-391-7977 9/1/2021 10:48 Member FINRA/SIPC Page 2 of 6 Statement of Activites KU E H L CAPITAL July 2021 to June 2022 MUNICIPAL FINANCIAL ADVISORS Current Year July 2021 to June 2022 GENERAL FUND BOND FUND REVENUES TOTAL REVENUES $2,962.05 $0.00 EXPENDITURES ENGINEERING $18,726.62 $0.00 EROSION CONTROL $6,569.82 $0.00 GREEN AREA MAINTENANCE $1,695.60 $0.00 INSURANCE $3,777.50 $0.00 MAINTENANCE:TREES $4,540.00 $0.00 SIGNS-SIGN REPAIR $1,949.00 $0.00 STREET CLEANING $375.00 $0.00 TRES COMMISSION DISTR-TAXES $59.24 $0.00 UNDERWRITING FEES $291.43 $646.52 WARRANT INTEREST EXPENSE $0.00 $83,489.71 WARRANT STRUCTURING FEES $1,223.09 $2,713.42 TOTAL EXPENDITURES $39,207.30 $86,849.65 REVENUES OVER EXPENDITURES (EXPENDITURES OVER REVENUES) ($36,245.25) ($86,849.65) Note:Statement of Activities does not reflect the bond payments nor interest on warrant redemptions. 14747 California Street,Suite 1 • Omaha, NE 68154 • 402-391-7977 9/1/2021 10:48 Member FINRA/SIPC Page 3 of 6 Statement of Activites KU E H L CAPITAL SID NO. 587 -TOWNHOMES OF VILLAGE POINTE leraA MUNICIPAL FINANCIAL ADVISORS July 2020 to June 2021 Previous Year July 2020 to June 2021 Previous Year July 2019 to June 2020 REVENUES GENERAL FUND BOND FUND GENERAL FUND BOND FUND �'i TOTAL REVENUES $18,044.11 $459,472.01 $1,126.33 $0.00 EXPENDITURES Accounting-Bookkeeping $6,280.00 $0.00 $6,370.00 $0.00 Electrical $0.00 $0.00 $0.00 $5,828.10 Engineering $27,902.16 $0.00 $16,089.44 $67,183.53 Financial Advisory Fees $7,500.00 $0.00 $7,500.00 $0.00 Green Area Maintenance $8,703.93 $0.00 $0.00 $0.00 Insurance $198.00 $0.00 $3,414.00 $0.00 Landscaping $0.00 $0.00 $1,200.00 $0.00 Legal Expenses-SID Attorney $5,802.11 $0.00 $6,029.59 $36,714.28 Mowing-Weeding $0.00 $0.00. $1,715.00 $0.00 Paving&Storni Sewer $0.00 $o.00 $0.00 - $435,854.98 Paving(Internal) $0.00 $0.00 $0.00 $6,879.00 Paying Agent&Registrar Fees $898.85 $898.85 $500.00 $500.00 Sanitary Sewer(Internal) $0.00 $0.00 $0.00 $375.00 Sanitary Sewer,Storm&Paving $0.00 $0.00 $0.00 $292,988.29 Sanitary Storm and Sewer $0.00 $550.00 $0.00 $0.00 Signs-Sign Repair $0.00 $0.00 $966.92 $0.00 Storm Sewer $0.00 $5,644.34 $0.00 $0.00 Street Cleaning $0.00 $0.00 $300.00 $0.00 SWPPP $3,704.37 $0.00 $0.00 $0.00 TRES COMMISSION DISTR-TAXES $340.24 $9,189.44 $21.15 $0.00 Underwriting Fees $479.75 $1,045.14 $339.55 $6,631.97 Warrant Interest Expense $0.00 $77,964.00 $0.00 $10,105.49 Warrant Structuring Fees $1,777.40 $4,386.40 $1,189.02 $27,833.92 TOTAL EXPENDITURES $63,586.81 $99,678.17 $45,634.67 $890,894.56 REVENUES OVER EXPENDITURES (EXPENDITURES OVER REVENUES) ($45,542.70) $359,793.84 ($44,508.34) ($890,894.56) Note:Statement of Activities does not reflect the bond payments nor interest on warrant redemptions. 14747 California Street,Suite 1 • Omaha, NE 68154 • 402-391-7977 9/1/2021 10:48 Member FINRA/SIPC Page 4 of 6 Warrant Issuance Report (By Category) frorKU E H L CAPITAL SID No. 587 - TOWNHOMES OF VILLAGE POINTS ilk MUNICIPAL FINANCIAL ADVISORS July 1,2021-June 30,2022 ENGINEERING EXPENSE WARRANT TYPE WARRANT# ISSUE DATE PAYEE AMOUNT VALUE PERCENTAGE GF 260 07/20/2021 E&A Consulting Group,Inc. $5,000.00 $5,000.00 100% GF 261 07/20/2021 E&A Consulting Group,Inc. $5,000.00 $5,000.00 100% GF 262 07/20/2021 E&A Consulting Group,Inc. $5,000.00 $5,000.00 100% GF 263 07/20/2021 E&A Consulting Group,Inc. $3,726.62 $3,726.62 100% $18,726.62 EROSION CONTROL EXPENSE WARRANT TYPE WARRANT# ISSUE DATE PAYEE AMOUNT VALUE PERCENTAGE GF 265 07/20/2021 Commercial Seeding Contractors $3,570.82 $3,570.82 100% GF 267 07/20/2021 Roth Enterprises $2,999.00 $2,999.00 100% $6,569.82 GREEN AREA MAINTENANCE EXPENSE WARRANT TYPE WARRANT# ISSUE DATE PAYEE AMOUNT VALUE PERCENTAGE GF 264 07/20/2021 Boice Landscaping $1,695.60 $1,695.60 100% $1,695.60 INSURANCE EXPENSE WARRANT TYPE WARRANT# ISSUE DATE PAYEE AMOUNT VALUE PERCENTAGE GF 269 07/20/2021 Chastain Otis $3,777.50 $3,777.50 100% $3,777.50 MAINTENANCE:TREES EXPENSE WARRANT TYPE WARRANT# ISSUE DATE PAYEE AMOUNT VALUE PERCENTAGE GF 283 07/20/2021 Walvoord Excavating&Grading LLC $4,540.00 $4,540.00 100% $4,540.00 SIGNS-SIGN REPAIR EXPENSE WARRANT TYPE WARRANT# ISSUE DATE PAYEE AMOUNT VALUE PERCENTAGE GF 268 • 07/20/2021 Douglas County Engineer $1,949.00 $1,949.00 100% $1,949.00 STREET CLEANING EXPENSE WARRANT TYPE WARRANT# ISSUE DATE PAYEE AMOUNT VALUE PERCENTAGE GF 266 07/20/2021 Broomers,Inc $375.00 $375.00 100% 14747 California Street,Suite 1 • Omaha, NE 68154 • 402-391-7977 9/1/2021 10:48 Member FINRA/SIPC Page 5 of 6 • Warrant Issuance Report (By Category) , , J�� i J� SID No. 587 - TOWNHOMES OF VILLAGE POINTE "" ` `FI CAPITAL July 1,2021-June 30,2022 MUNICIPAL FINANCIAL ADVISORS STREET CLEANING EXPENSE WARRANT TYPE WARRANT* ISSUE DATE PAYEE AMOUNT VALUE PERCENTAGE $375.00 • UNDERWRITING FEES EXPENSE WARRANT I TYPE WARRANT* ISSUE DATE PAYEE AMOUNT VALUE PERCENTAGE CF 282 07/20/2021 The Baker Group LP $646.52 $646.52 100% GF 271 07/20/2021 The Baker Group LP $256.27 $256.27 100% GF ' 285 .- 07/20/2021 The Baker Group LP $35.16 $35.16 100% $937.95 • WARRANT INTEREST EXPENSE EXPENSE WARRANT TYPE WARRANT* ISSUE DATE PAYEE AMOUNT VALUE PERCENTAGE CF 272 07/20/2021 American High Income Muni Bond Fund $10,000.00 $10,000.00. 100% CF 273 07/20/2021 American High Income Muni Bond Fund . . $10,000.00 $10,000.00 100% CF 274 07/20/2021 American High Income Muni Bond Fund $10,000.00 $10,000.00 100% CF 275 07/20/2021 American High Income Muni Bond Fund $10,000.00 $10,000.00 100% CF 276 07/20/2021 American High Income Muni Bond Fund $10,000.00 $10,000.00 100% CF • 277 07/20/2021 American High Income Muni Bond Fund $10,000.00 $10,000.00 100% CF 278 07/20/2021 American High Income Muni Bond Fund $10,000.00 $10,000.00 100% CF 279 07/20/2021 American High Income Muni Bond Fund $10,000.00 $10,000.00 100% CF 280 07/20/2021 American High Income Muni Bond Fund $3,489.71 $3,489.71 100% $83,489.71 WARRANT STRUCTURING FEES EXPENSE WARRANT TYPE WARRANT* ISSUE DATE PAYEE AMOUNT VALUE PERCENTAGE CF 281 07/20/2021 Kuehl Capital Corporation $2,713.42 $2,713.42 100% GF 270 07/20/2021 Kuehl Capital Corporation $1,075.54 $1,075.54 100% GF 284 07/20/2021 Kuehl Capital Corporation $147.55 $147.55 100% $3,936.51 TOTAL FOR TOWNHOMES OF VILLAGE POINTE $125,997.71 • 14747 California Street,Suite 1 • Omaha, NE 68154 • 402-391-7977 9/1/202110:48 Member FINRA/SIPC Page 6 of 6 Lutz MIND WHAT MATTERS July 13, 2021 Board of Trustees Sanitary and Improvement District No.587 of Douglas County, Nebraska This letter is intended to communicate certain matters related to the planned scope and timing of our audit of the financial statements of Sanitary and Improvement District No. 587 of Douglas County, Nebraska (the District)as of and for the year ended June 30, 2021. Communication Effective two-way communication between our Firm and the Board of Trustees is important to understanding matters related to the audit and in developing a constructive working relationship. Your insights may assist us in understanding the District and its environment, in identifying appropriate sources of audit evidence, and in providing information about specific transactions or events. We will discuss with you your oversight of the effectiveness of internal control and any areas where you request additional procedures to be undertaken. We expect that you will timely communicate with us any matters you consider relevant to the audit. Such matters might include strategic decisions that may significantly affect the nature, timing, and extent of audit procedures, your suspicion or detection of fraud, or any concerns you may have about the integrity or competence of senior management. We will timely communicate to you any fraud involving senior management and other fraud that causes a material misstatement of the financial statements, illegal acts that come to our attention (unless they are clearly inconsequential), and disagreements with management and other serious difficulties encountered in performing the audit. We also will communicate to you and to management any significant deficiencies or material weaknesses in internal control that become known to us during the course of the audit. Other matters arising from the audit that are, in our professional judgment, significant and relevant to you in your oversight of the financial reporting process will be communicated to you in writing after the audit. Independence Our independence policies and procedures are designed to provide reasonable assurance that our firm and its personnel comply with applicable professional independence standards. Our policies address financial interests, business and family relationships,and non-audit services that may be thought to bear on independence. For example, without our permission, no partner or professional employee of Lutz & Company, P.C. and its affiliates is permitted to own any direct financial interest or a material indirect financial interest in a client or any affiliates of a client. Also, if an immediate family member or close relative of a partner or professional employee is employed by a client in a key position, the incident must be reported and resolved in accordance with Firm policy. In addition, our policies restrict certain non-audit services that may be provided by Lutz & Company, P.C. and its affiliates and require audit clients to accept certain responsibilities in connection with the provision of permitted non-attest services. LUTZ & COMPANY, PC 13616 CALIFORNIA STREET, SUITE 300, OMAHA, NE 68154-5336 1402.496.8800 I INFO0iLUTZ.US I WWW.LUTZ.US Sanitary and Improvement District No. 587 of Douglas County, Nebraska July 13,2021 Page 2 The Audit Planning Process Our audit approach places a strong emphasis on obtaining an understanding of how your business functions. This enables us to identify key audit components and tailor our procedures to the unique aspects of your business. The development of a specific audit plan will begin by meeting with you and with management to obtain an understanding of your business objectives, strategies, risks, and performance. As part of obtaining an understanding of your business and its environment, we will obtain an understanding of internal control. We will use this understanding to identify risks of material misstatement, which will provide us with a basis for designing and implementing responses to the assessed risks of material misstatement. We will also obtain an understanding of the users of the financial statements in order to establish an overall materiality level for audit purposes. We will conduct formal discussions among engagement team members to consider how and where your financial statements might be susceptible to material misstatement due to fraud or error. The Concept of Materiality in Planning and Executing the Audit We apply the concept of materiality both in planning and performing the audit, evaluating the effect of identified misstatements on the audit, and the effect of uncorrected misstatements, if any, on the financial statements, and in forming the opinion in our report. Our determination of materiality is a matter of professional judgment and is affected by our perception of the financial information needs of users of the financial statements. We establish performance materiality at an amount less than materiality for the financial statements as a whole to allow for the risk of misstatements that may not be detected by the audit. We use performance materiality for purposes of assessing the risks of material misstatement and determining the nature, timing and extent of further audit procedures. Our assessment of materiality throughout the audit will be based on both quantitative and qualitative considerations. Because of the interaction of quantitative and qualitative considerations, misstatements of a relatively small amount could have a material effect on the current financial statements as well as financial statements of future periods. We will accumulate misstatements identified during the audit, other than those that are clearly trivial. At the end of the audit, we will inform you of all individual unrecorded misstatements aggregated by us in connection with our evaluation of our audit test results. Significant Risks of Material Misstatement Our audit of the financial statements includes the performance of risk assessment procedures in order to identify risks of material misstatement, whether due to fraud or error. As part of these risk assessment procedures, we determine whether any risks identified are a significant risk. A significant risk is an identified and assessed risk of material misstatement that, in our professional judgement, requires special audit consideration. Our Approach to Internal Control Relevant to the Audit Our audit of the financial statements will include obtaining an understanding of internal control sufficient to plan the audit and to determine the nature, timing and extent of audit procedures to be performed. An audit is not designed to provide assurance on internal control or to identify significant deficiencies or material weaknesses. Our review and understanding of the District's internal control is not undertaken for the purpose of expressing an opinion on the effectiveness of internal control. Timing of the Audit We have scheduled audit work for the months of September through November. The Board of Trustee's adherence timely completion of information used by us in performance of the audit is essential to timely completion of the audit. Sanitary and Improvement District No.587 of Douglas County, Nebraska July 13, 2021 Page 3 Closing We will be pleased to respond to any questions you have about the foregoing. We appreciate the opportunity to be of service to the District. This communication is intended solely for the information and use of the Board of Trustees and is not intended to be and should not be used by anyone other than these specified parties. Sincerely, LUTZ�&��COMPANY, P.C.riar-- Shawn A.Wederquist Commercial Seeding Contractors Invoice 26365 Reichmuth Circle Valley,NE 68064 Date Invoice# 6/25/2021 25194 Bill To SID 587 Townhomes of Village Pointe do E&A Consulting Group ( ■ ! 10909 Mill Valley Road,Suite 100 1 1 1 Omaha,NE 68154 COMMERCIAL SEEDING CONTRACTORS P.O.No. Terms Project SID 587 Townhomes of Village Pointe Quantity Description U/M Rate Amount SWPPP work performed in ROW as requested by Terri Krasne 19 Silt Fence(LF)HAND INSTALL 3.30 62.70T 7.5 Laborers(Hours)to repair silt fence 45.00 337.50T 1 Materials used in silt fence repairs 67.50 67.50T 2 Skid Loader(Hours)to clean streets 115.00 230.00 Sales Tax-State 5.50% 25.72 Approved b�E &A4So.nsui''ing Groul, Inc_ Date: g`/ot/ J W� Initials: SID No. r f7 Project NO.Y.OI'i. ,7•CRO Total $723.42 Commercial Seeding Contractors Invoice 26365 Reichmuth Circle Valley,NE 68064 yy ,. V° ,,.,,� Date Invoice# 7/22/2021 25370 Bill To SID 587 Townhomes of Village Pointe � ' c/o E&A Consulting Group 10909 Mill Valley Road,Suite 100 Omaha,NE 68154 COMMERCIAL SEEDING CONTRACTORS P.O. No. Terms Project SID 587 Townhomes of Village Pointe Quantity Description U/M Rate Amount ROW mowing as requested by Terri Krause 3 Mowing tractor with 6'shredder(Hours) 90.00 270.00 9 Laborers with heavy duty trimmers(Hours)to weed eat 50.00 450.00 Approved by E A Qonsultng Group, Inc Date: e / Initials: SD No. Project No. Total $720.00 Commercial Seeding Contractors Invoice 26365 Reichmuth Circle Valley,NE 68064 Date Invoice# 7/22/2021 25372 Bill To SID 587 Townhomes of Village Pointe do E&A Consulting Group 1 f ( (( f 1 10909 Mill Valley Road,Suite 100 1 Omaha,NE 68154 COMMERCIAL SEEDING CONTRACTORS P.O. No. Terms Project SID 587 Townhomes of Village Pointe Quantity Description U/M Rate Amount Basin mowing as requested by Terri Kranse 3 Mowing tractor with 6'shredder(Hours) 90.00 270.00 4 Laborers with heavy duty trimmers(Hours)to weed eat 50.00 200.00 Approved by wk onsultiristt Group, Inc Date: / l Initials: SID No. se Project No. Zen (D1(7.QUJ Total $470.00 Commercial Seeding Contractors Invoice 26365 Reichmuth Circle Valley,NE 68064 AUG 19 2021 Date Invoice# 8/17/2021 25529 BIII To SID 587 Townhomes of Village Pointe I c/o E&A Consulting Group 1 10909 Mill Valley Road,Suite 100 Omaha,NE 68154 COMMERCIAL SEEDING CONTRACTORS I I P.O.No. • Terms Project • I SID 587 Townhomes of Village Pointe Quantity Description U/M Rate Amount SWPPP work performed as requested by Patrick Smeller 2 Skid Loader(Hours) 115.00 230.00 2 Laborers(Hours) 45.00 90.00 5 Silt Fence(LE)HAND INSTALL 3.30 16.50T 3 Laborers(Hours)to repair silt fence 45.00 135.00T 1 Materials used in silt fence repairs 27.00 27.00T Sales Tax-State 5.50% 9.82 Approved by E 8 A Consulting G'OUL. Inc Dote. e - /(%Z7 Whale, /2 SID No cc:4:5'7 Project Nu. ZD 11. 0 I(D•000 Total $508.32 Lutz MIND WHAT MATTERS Brianna Johnson SID #587 The Townhomes of Village Pointe 11440 West Center Road Omaha, NE 68144 Invoice No. 291671 Date 08/31/2021 Client No. 16534.1700 SID #587 The Townhomes of Village Pointe Please include Client No. with payment Pay Online at www.lutz.us/pay For Professional Services Rendered: Completion of annual budget document for 2021 and progress bill related to audited financial statements. Current Amount Due $ 3.250.00 ACCOUNTING • FINANCIAL • TECH • M&A • TALENT 13616 CALIFORNIA STREET, SUITE 300, OMAHA, NE 68154-5336 1402.496.8800 I INFOaLUTZ.US I WWW.LUTZ,US Fv" FLILLENKAMP John H.Fullenkamp F I JOBEUN Larry A.Jobeun Mark B.Johnson T B JOHNSON & Brent W.Beller J BELLER LLP Writers e-mail:lame 1wiiblaw.com Writers direct dial:(402)691-5266 September 7, 2021 Chairman and Board of Trustees Sanitary and Improvement District No. 587 of Douglas County,Nebraska Statement of Services Rendered Preparation of Certificate of Indebtedness to be filed with the Register of Deeds. Preparation of letter to accountants re: threatened and pending litigation. Various correspondence with the accountant and municipal advisor on behalf of the District. Correspondence with the Election Commissioner and preparation of election notices; applications to current Trustees. 12-10-20 Meeting: Draft and prepare notice of meeting,send to paper for publication, City Clerk and Trustees; prepare Agendas and send to Trustees; draft minutes and prepare warrants; send for signatures; send copy of minutes to fiscal agent and City Clerk. 03-25-21 Meeting: Draft and prepare notice of meeting,send to paper for publication, City Clerk and Trustees; prepare Agendas and send to Trustees; draft minutes and prepare warrants; send for signatures; send copy of minutes to fiscal agent and City Clerk. 07-20-21 Meeting: Draft and prepare notice of meeting, send to paper for publication, City Clerk and Trustees; prepare Agendas and send to Trustees; draft minutes and prepare warrants; send for signatures; send copy of minutes to fiscal agent and City Clerk. 11440 W.Center Road, Ste. C—Omaha,Nebraska,68144—Phone: (402)334-0700--Website: www.fljblaw.com FULLENKAMP John H.Fullenkamp JOBEUN Larry A.Jobeun Mark B.Johnson ® B JOHNSON & Brent W.Beller BELLER 1-LP Writers e-mail:IarrycTht-Ublaw.com Writers direct dial:(402)691-5266 2021 Budget Hearing: Draft and prepare notice of meeting, send to paper for publication, County Clerk and Trustees; attend meeting, draft minutes and prepare warrants; send for signatures; send copies of minutes to fiscal agent and County Clerk; telephone conference with accountant re: preparation of Budget Summary,prepare Notices and publication of same; file budget with County Clerk and State Auditor. LEGAL FEES: $8,000.00 EXPENSES: Filing Fees,Publications, Copying, $ 364.52 &Postage TOTAL AMOUNT DUE: $8,364.52 Respectfully submitted, /s/Larry A. Jobeun 11440 W. Center Road, Ste. C—Omaha,Nebraska,68144—Phone: (402)334-0700—Website:www.fiiblaw.com SERVICES Invoice Date Invoice# 7/29/2021 126 SID Services LLC 14747 California Street Ste 1A Omaha,NE 68154 (402) 504-3967 Bill To SID #587 of Douglas County Nebraska do Fullenkamp, Jobeun, Johnson&Beller Attn: Mr. Larry Jobeun 11440 West Center Road, Ste. C Omaha,NE 68144-4421 -` Via criPSt° Paying Agent and Registrar Annual Fee Prorated from January 1,2021 to June 30,2021: .. 500.00 GENERAL FUND Total $500.00 Kuehl Capital Corporation Invoice 14747 California Street, Suite#1 Omaha, NE 68154 Date Invoice# (402) 391-7977 8/23/2021 2649 Bill To: SID#587 of Douglas County Nebraska c/o Fullenkamp, Jobeun, Johnson & Beller Attn: Mr. Larry Jobeun 11440 West Center Road, Ste. C Omaha, NE 68144 Description Amount Financial Advisor/Fiscal Agent Services for Fiscal Year 2021-2022 0.00 Annual Contractual Fee Calculation: 10 Basis Points of Final Valuation of$8,082,000. A portion of the above stated fee shall be paid from the District's General Fund pursuant to its General Fund levy and is attributable to the services provided by Kuehl Capital as outlined under the headings: (i)"Strategic Services--#1 (Projected financial feasibility analysis) and --#5 (Annual budget analysis and recommendations)and (ii) "Post-Issuance Services" set forth in Exhibit A of the Contract for Financial Advisor/Fiscal Agent Services between the District and Kuehl Capital. The remaining portion of the above stated fee shall be paid from the District's Bond Fund pursuant to its Bond Fund levy and is attributable to services provided by Kuehl Capital directly or indirectly related to the management of the capital outlay debt of the District. Fee Breakdown: 1 -General Fund 7,500.00 2- Bond Fund 582.00 We are required by the Municipal Securities Rulemaking Board Amended Rule G-10 which became effective on October 13, 2017, to provide in writing to our Municipal Advisory clients at the inception of the municipal advisory relationship and annually thereafter, the following information: (i) Kuehl Capital Corporation is a registered Municipal Advisor with the U.S. Securities and Exchange Commission as well as the Municipal Securities Rulemaking Board: (ii) The website address of the Municipal Securities Rulemaking Board is www.msrb.org; and (iii) On the Municipal Securities Rulemaking Board's website is an investor brochure that is available to you which describes the protections that may be provided by the Municipal Securities Rulemaking Board's rules and also the procedures to file a complaint with an appropriate regulatory authority. If you have any questions, please do not hesitate to call. Total $8,082.00 Payments/Credits $0.00 Balance Due $8,082.00 sip ISERVICES Invoice Date Invoice# 7/28/2021 19 SID Services LLC 14747 California Street Ste 1A Omaha,NE 68154 (402) 504-3967 Bill To SID #587 of Douglas County Nebraska do Fullenkamp, Jobeun, Johnson&Beller Attn: Mr. Larry Jobeun 11440 West Center Road, Ste. C Omaha,NE 68144-4421 Paying Agent and Registrar Annual Fee Prorated from January 1,2021 to June 30,2021: 500.00 CONSTRUCTION FUND Total $500.00 lmiE 1 E o • ms �ro a. z E. AA N 1 ® pE �°' iI tiE m m � gm y to �! B r U M i 4. 5 MAINN 0 a4 .11 Is rzi fsa d 3 ra 1N c�1 POzp111 Mli • ge8 ,r 5Zeel en 0 OGy WA � pypwo W � pgp +-' bqF� aWE O O ta p m W z Q V ,� t• a 0 '��Wi", E 4 qg W•;1 u O N Cli N �i W 2 G O o O m 9 G7 .s q V .� .Q. LEJ,n w ea ' F+i [Fr �pp GL7�7 ' p C� z 3- w o 9� oa '� Pi m . oG a w l . a 8 ,d T= & 0 o q qV qa � .0 fx 1 ` H F 1 � . Z3NZ T£/B 11LL7sla ay;Jo Wail lop ism ay;Jo ssauisnq Jaw pue slllq JO.;uawked ay;sapnpw pue'e;seigaN'eyew0 'peon J44ua01s4/A Oyylr;e uopadsug ougnd Jo;aIgepene s';ua,mo Aisnonupuoo idam'6upaaw prism;epua6e uy opgnd ay;o;uado aq pim 6upaaw yoiym'papnpuoo seq Auowgsa;(s)aapuaue He'pun anupuoo pue'eHseJgaN'eI w0'peon Aa0eA II!W 6060T;e'ME'L iagwe das uo•Wd OWE le u163q p!M galgM'6upeaH a0gnd!mods pue 6upeeo W6pn9 6ulpaoa.d aq;Jo;uawuanorpe uodn AIa;elpauiwl oJuawuoD h IM miseigaN'A;unol se'6noa Jo CBS'oN plasm;uawanoidwr pue A.e;iues Jo 6upaaw preoq rein6ara's wig MAID A93NaH SI 3lnON 9NLL33W He1093n d0 30LLON VNStln93N'ALNOOa SY1S0003O LIS'ON 17I111SI01N3W3A0Jd WI.GNv Antl1INVS bbrs9 e3seJgaN'eyew0 Paoli La;ue0;saM OWL; dll 1131739 9 NOSNHOI N0390C dw1MNallOd s AGENDA Sanitary and Improvement District No. 587 of Douglas County,Nebraska(Townhomes of Village Pointe);Meeting to be held at 3:00 p.m.on September 7,2021 at 10909 Mill Valley Road,Ste. 100, Omaha,Nebraska—ANNUAL BUDGET MEETING. esen ktce tings Act; Trustee roll call: oux Chairman - Larry Kelberg - T n., .igan I - - • icia o- Ill'resent proposed 2021/2022 Budget;open session for public discussion;vote on and approve he same. t .cj 0 aF onduct Special Public Hearing to set Property Tax Request at a different amount than the prior fiscal year. Regular Session Meeting: 111) 'resent statements, vote on and approve payment from the General Fund Account of the District for the following: Commercial Seeding Contractors for SWPPP, erosion control main- $2,421.74 2 tenance, and ROW and basin mowing, as directed (#25194, 25370, 25372, 25529). b. utz & Company, PC for preparation of the budget documents and $3,250.00 related accounting services (No. 291671). c. Fullenkamp Jobeun Johnson &Beller, LLP for legal services and ex- $8,364.52 penes of the District for FY 2021. d. SID Services LLC for Paying Agent and Registrar Annual Fee on $ 500.00 General Fund Warrants of the District (#126). all Kuehl Capital Corporation for municipal advisory services on Gen- $ 472.43 eral Fund Warrants issued at this meeting (3.25%). gipKuehl Capital Corporation for Financial Advisor/Fiscal Agent services $7,500.00 for FY 2021/2022 (General Fund) {#2649}. \ 0 The Baker Group, L.P. for underwriting services on General Fund War- $ 168.82 rants issued at this meeting (0.75%). 5. resent statements,vote on and approve payment from the Construction Fund Account of the istrict for the following: APID Services LLC for Paying Agent and Registrar Annual Fee on $ 500.00 Construction Fund Warrants of the District(#19). b. Kuehl Capital Corporation for municipal advisory services on Con- $ 16.25 struction Fund Warrants issued at this meeting (3.25%). MISuehl Capital Corporation for Financial Advisor/Fiscal Agent services $ 582.00 for FY 2021/2022 (Bond Fund) {#2649}. d. The Baker Group, L.P. for underwriting services on Construction $ 8.24 Fund Warrants issued at this meeting (0.75%). 6. Any and all business before the Board as deemed necessary; meeting adjourned.