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2023-09-08 SID 590 Minutes (2) CERTIFICATE The undersigned hereby certify that they are the Chairperson and Clerk of Sanitary and Improvement District Number 590 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 form 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 • " -d .ur o ficial signature this 8111 day of September 2023. -.t •ga a,C an Jay n Clerk MINUTES OF THE MEETING OF THE BOARD OF TRUSTEES OF SANITARY AND IMPROVEMENT DISTRICT NO. 590 OF DOUGLAS COUNTY, NEBRASKA HELD ON SEPTEMBER 8, 2023 AT 10404 ESSEX CIRCLE, OMAHA, NEBRASKA. The meeting of the Board of Trustees of Sanitary and Improvement District No. 590 of Douglas County, Nebraska was convened in open and public session immediately following the adjournment of the preceding budget hearing which started at 1:15 p.m. on September 8, 2023 at 10404 Essex Circle, Omaha, Nebraska 68114, and pursuant the terms and conditions set forth in the Nebraska Open Meetings Act, a copy of which was made available to all in attendance at these proceedings. Trustees Arun Agarwal, Drew Soya, Jay Kline and Alex Bullington were all present at the location referenced hereinabove. Also present at the meeting was Larry Jobeun of Fullenkamp Jobeun Johnson & Beller, LLP, attorneys on behalf of the District. Doug Walter of E & A Consulting Group, Inc., engineers on behalf of the District also attended the meeting. Trustee Sudha Agarwal was absent. Notice of the meeting was given in advance thereof by publication in The Daily Record on August 30, 2023, 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. The 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. 590 was held the 8th day of September, 2023 at 1:15 p.m. Three (3) copies of the proposed budget statement were available to the public. The Chairman then presented the proposed budget as discussed at the Budget Hearing 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 (www.omahadailyrecord.com) a legal newspaper of Douglas County, Nebraska on August 30, 2023, 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 $15,845.40 $0.900000 Total $15,845.40 $0.900000 The Chairman further stated that the Board is required to hold a separate Special Public Hearing in order to set the 2023/24 Property Tax Request, and that the District has until October 15 to file with the County Clerk a Resolution setting the final tax request. 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 as required by Neb. Rev. Stat. §77-1632. 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. 590 OF DOUGLAS COUNTY,NEBRASKA, AS FOLLOWS: 1) The 2023/24 Property Tax Request be set at $15,845.40 ($0.900000) broken down as follows: Bond Fund $-0- $0.0 General Fund $15,845.40 $0.900000 Total $15,845.40 $0.900000 2) The total assessed value of property differs from last year's total assessed value by 1012%. 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 $0.080921 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 $15,845.40 $0.900000 Total $15,845.40 $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 year by 0%. 6) A copy of this Resolution be certified and forwarded to the County Clerk on or before October 15, 2023. The Clerk was then directed to attach a copy of the approved budget to these minutes, the same being incorporated herein by this reference. The Board next discussed the snapshot financial report of the District, the same being in even date herewith and prepared by the District's municipal advisor, Bluestem Capital Partners. The Clerk was then directed to attach a copy of the same to these minutes and by this reference is hereby incorporated. The Board then discussed the recommended cancellation of Warrants No. 327 and 328, issued of the General Fund of the District as part of the August 18, 2023 meeting. It was then noted that the same had been registered with the Douglas County Treasurer, as requested by the District's municipal advisor. Then, upon a motion duly made, seconded, and upon a roll call vote of "aye", the Trustees unanimously approved the cancellation of the above warrants and instructed the attorney to advise the County of said cancellation. The Clerk was then directed to remove the warrants from the financial records of the District. The Chairman then presented the following statements for payment from the General Fund Account of the District: a. Fullenkamp Jobeun Johnson& Beller, LLP for legal services and $7,291.19 expenses of the District for FY 2023. b. Bluestem Capital Partners for municipal advisory services on Gen- $ 236.96 eral Fund Warrants issued at this meeting (3.25%). c. Bluestem Capital Partners for Financial Advisor/Fiscal Agent ser- $10,500.00 vices for FY 2023/2024 (#3059). d. West Gate Bank for warrant holding fee on General Fund Warrants $ 45.07 issued at this meeting (0.25%). The Chairman then presented the following statements for payment from the Construction Fund Account of the District: a. E & A Consulting Group Inc. for engineering design services in $25,596.68 connection with the Fort Street Improvements (ICA) (No. 1678- 80). b. Terracon Construction for testing in connection with the Sanitary $5,896.50 Sewer, Storm Sewer & Paving—Section II improvements (No. TJ- 61078, TJ46369, TJ23480, TI04024). c. Bluestem Capital Partners for municipal advisory services on Con- $ 831.89 struction Fund Warrants issued at this meeting, less overage from August 18th meeting (3.25%). d. West Gate Bank for warrant holding fee on Construction Fund War- $ 65.59 rants issued at this meeting, less overage from August 18`h meeting (0.25%). The Clerk was then directed to attach copies of the above invoices and statements to these minutes and by this reference are incorporated herein. Then, upon a motion duly made, seconded and upon a roll call vote of "aye" by the Trustees Agarwal, Kline, Soya and Bullington, the following Resolutions were unanimously adopted: BE IT RESOLVED by the Board of Trustees of Sanitary and Improvement District No. 590 of Douglas County, Nebraska that the Chairman and Clerk be and they hereby are authorized and directed to execute and deliver Warrant Nos. 343 through 353, 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 6% per annum in the General Fund and Construction Fund Accounts of the District, Warrant Nos. 343 through 349, 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 8, 2026 (the "General Fund Warrants"), and Warrant Nos. 350 through 353, inclusive, to be payable from the Construction Fund Account of the District and to be redeemed no later than five (5) years of the date hereof, being September 8, 2028 (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. 343 for $5,000.00 and Warrant No. 344 for $2,291.19, both made payable to Fullenkamp Jobeun Johnson & Beller, LLP for legal services and expenses of the District for FY 2023. b) Warrant No. 345 for $23696 made payable to Bluestem Capital Partners for municipal advisory services on General Fund Warrants issued at this meeting. c) Warrant Nos. 346 and 347 for $5,000.00 each and Warrant No. 348 for$500.00, all made payable to Bluestem Capital Partners for Financial Advisor/Fiscal Agent services for FY 2023/2024. d) Warrant No. 349 for $45.07 made payable to West Gate Bank for warrant holding fee on General Fund Warrants issued at this meeting. e) Warrant No. 350 for $25,596.68 made payable to E & A Consulting Group Inc. for engineering design services in connection with the Fort Street Improvements (ICA). CF f) Warrant No. 351 for $5,896.50 made payable to Terracon Construction for testing in connection with the Sanitary Sewer, Storm Sewer&Paving— Section II improvements. CF g) Warrant No. 352 for $831.89 made payable to Bluestem Capital Partners for municipal advisory services on Construction Fund Warrants issued at this meeting, less overaged from August 18th meeting. CF h) Warrant No. 353 for $65.59 made payable to West Gate Bank for warrant holding fee on Construction Fund Warrants issued at this meeting less, overage from August 18th meeting. CF BE IT FURTHER RESOLVED by the Board of Trustees of Sanitary and Improvement District No. 590 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. 590 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. 590 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. 590 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. 590 of Douglas County, Nebraska that 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. 590 OF DOUGLAS COUNTY, NEBRASKA, HELD ON SEPTEMBER 8, 2023—ANNUAL BUDGET HEARING T ere b r g no furtt business to come before the meeting, the meeting was adjourned. Arun garwal, Chair Jay K1�', Clerk ACKNOWLEDGMENT OF RECEIPT OF NOTICE OF MEETING The undersigned Trustees of Sanitary and Improvement District No.590 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 1:15 p.m. on September 8, 2023 at 10404 Essex Court, Ste. 101, Omaha,Nebraska 68114 and in accordance with the Nebraska Open Meetings Act,is kept continuously current and is available for public inspection at the office of the District's counsel during normal business hours. DATED this 8th day of September 2023._3. CERTIFICATE The undersigned being Clerk of Sanitary and Improvement District No. 590 of Douglas County,Nebraska hereby certifies that Notice of meeting of the Board of Trustees of said District held on September 8, 2023, 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 30, 2023, 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 meeting. Jay Klin Clerk O M N 0. , Nco E 1 ' V N N ro N s mzM NC ) -_ 0 �' SI 15 m >- .,.a a c en ea „, c £ Ea > w Z a to a) Q S.4E) 0 a) aa)) ° a_ - a N w Y cu ro d Qa `° O °� : ti va ro o d o W Z � � g aZ a � o o � m E o, � p >> Y - c E 0 U O lz to (roi C] u w'f Z N Z � C M N +-' Q O N C Q N C N N a N a) N a y CO z v Q 0 ©9 'y w >- w E .::: or o C E a ®o :ro o. z. d h 1- LC) .X - C Q (`) ro F- a E c u v c = c 2, ar ` To 3 it a N N N m N CO °' N v ° =C a) a C D.co fa_-°° N rC O a N O a' - N m w a v ,O ,,:c >,'° ..-m '`o w Zr.) ;a:. h P CD ro y m g O .r a, v c D •c .% J y 0 2 ° _o U 8 n �. y M LLI N a) ro a) ,. = a) ' i N O 0 o E m O o '5 ; ro Q ° 3 -= c ¢ y c:- E. Q C n o W U. o ro 2 of O a . W 0 (n ca on leW. E 2 m ... (� uy: 0 is,o Z N o w >- } (`i o '(a } F « 'o > =a>- a O N-' >- a) 0 O U =O ii , rn ro O O_0 _c d Z ❑'w } i g 'a) ,�, g .0 O a),_ a)',m 0. co w ¢, �:� I ! ! J (a M 7 t 13 W C d o 7 n j _ OL r. d > - C? G • +' co F `o 0 71 — W d ` m Oo U � O Q0- C ya, a wNN C. G NQ o C tO Et a. 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N c 6 ° H O 171 V O N F V3 (fl 64 5 5 (A 69 0 • H.BJ-SID#590 NOTICE OF BUDGET HEARING&BUDGET SUMMARY I FULLENNAMP,11440 WEST CENTER ROAOJOHNSON& ELLER LIP THE DAILY RECORD ' OMAHA,NEBRASKA 68144 SANITARY AND IMPROVEMENT DISTRICT NO.590 OF OMAHA OF DOUGLAS COUNTY,NEBRASKA p TAT��) �7��T+ tdOTICF OP BUDGET HEARING AND BUDGET-SUMMARY JASON W.HUFF, PU1350E toC13513,that the CE is governing body will meet oance withn thhee atb day ofSrovisions of pfambere o)neIons at PROOF OF PUBLICATION 7•1 R P.M at 11440 W.Center Road,Omaha,Nebraska 68144,for the purpose of hearing ropo�b dge.lbe budget detailsOforsthis meeting are availaces of ble for publiers c Insspecdon to the l at the UNITED STATES OF AMERICA, office of the Clerk at 11440 West Center Road,Omaha,Nebraska during regular business hours, which meeting will be open tithe public and held in accordance with the Nebraska Open Meetings The State of Nebraska, Act. 2021-2022Actual Olsbursemen6&Transfers $ 2,511,303.00 District of Nebraska, ss, 2022-2023 Actual Disbursements&.Transfers $ 1,942,987..00 County of Douglas, 2023-2024 Proposed Budget of Disbursements&Transfers $ 2,684,600.00 2023-2024 Necessary Cash Reserve $ 24,325.71 City of Omaha 2023-2024 Total Resources Available - $ 2,708,925.71 Total 2023-2024 Personal&Real Property Tax Requirement $ 15,845.40 Unused Budget Authority Created For Next Year $ 533,287.54 Breakdown of Property Tax: Personal and Real Property Tax Required for Non-Bond Purposes $ 15,845.40 Personal and Real Property Tax Required for Bonds $ - JASON W. HUFF and/or JOSIE CHARRON, being duly sworn, ' 5OTIrF OF SPECIAL PUBLIC NEARING TO SET FINAL TAX REOUEST deposes and say that they are the PUBLISHER and/or MANAGING PUBLIC Noire Is hereby given,In compliance with the provisions of State Statute Section EDITOR of THE DAILY RECORD, of Omaha, a legal newspaper, 77-1632,that the governing body will meet on.the 8th day of September,2023,and will printed andpublished dailyin the English language,commence immediately upon adjournment of.the:preceding Budget Hearing and g having a bona fide Budget Summary,whim will begin at 1:15 P.M.at.11440 W.Center Road,Omaha, paid circulation in Douglas County in excess of 300 copies,and a general Nebraska 68144,for the purpose of hearing support,-opposlaon,mlttlsm,suggestions,or observations of taxpayers relating to setting the final tax request. circulation in Sarpy,Lancaster, Cass and Dodge Counties,printed in Oerk of the District Omaha, in said County of Douglas,Nebraska for more than fifty-two 2022 2023 Change weeks last past;that the printed notice here-to attached was published in Operating Budget 2,689,000.00 2,684,600.00 0% Property Tax Request $1,424.70 $15,845.40 1012% THE DAILY RECORD,of Omaha,for I consecutive weeks on: Valuation 158,300 1,760,600 1012% Tax Rate 0.900000 0.900000 0% Tax Rate if Prior Tax Request was at 8/30/23 Current Valuation 0.080921 8/30 2NFZ That said Newspaper during that time was regularly published and in general circulation in the County of Douglas,and State of Nebraska. GENERAL NOTARY-State of Nebraska ICOLEComm E M.PALMER My Comm.Erp.Oclobert,22,02"5 CV e( Publisher's Fee $80.72 "Ant, C *- Subscribed in my presence and sworn to before Additional Copies $ me this AUGUST 30 2023 Filing Fee $ Total$80.72 , y Notary ublic in and for Douglas County,State of Nebraska H.BJ-SID#590 NOTICE OF REG MTG-9/8/23 FULLENNAJOBBIN,CE R D ELLER LLP 11440, T CENTER ROA - THE DAILY RECORD OMAHA,NEBRASKA 68194 SANITARY AND IMPROVEMENT DISTRICT NO.590 OF OMAHA OF DOUGLAS COUNTY,NEBRASKA NOTICE OF REGULAR MEETING JASON W.HUFF, Publisher• sher NOTICE 5S HEREBY GIVEN that the regular board meegngofSanitaryand Improvement DistrictNo. 0 of Douglas County,Nebraska will commence Immediately upon adjournmentof PROOF OF PUBLICATIO Nthe preceding 0202eE Hearing and Special Public Hearing,which will begin at 1:15 P.M.onSeptenpen E 1e23,and c eue antil all hard (s)kes onn concluded,which meetingull be opento the thel An agenda frcush meeting,kept cn ously current is available for UNITED STATES OF AVERICrypublic inspection at the oe of the Districts counsel during normal business hours,and Includesthe payment of hullo and other business of Me District. The State of Nebraska, Jay Kline,Clerk of the District District of Nebraska, 0/30 ZNEZ Ss. — - - - County of Douglas, City of Omaha JASON W. HUFF and/or JOSIE CHARRON, being duly sworn, deposes and say that they are the PUBLISHER and/or MANAGING EDITOR of THE DAILY RECORD, of Omaha, a legal newspaper, printed and published daily in the English language,having a bona fide paid circulation in Douglas County in excess of 300 copies,and a general circulation in Sarpy,Lancaster, Cass and Dodge Counties,printed in Omaha, in said County of Douglas,Nebraska for more than fifty-two weeks last past;that the printed notice here-to attached was published in THE DAILY RECORD,of Omaha,for 1 consecutive weeks on: 8/30/23 • That said Newspaper during that time was regularly published and in general circulation in the County of Douglas,and State of Nebraska. eit GENERAL NOTARY-State of Nebraska NICOLE M.PALMER My Comm.Exp.October 11�20255 fI,/ Publisher's Fee $42.32 �'�' `� C$t 9dt�-- Additional Copies t Subscribed in my presence and sworn to before me this AUGUST 30 2023 Filing Fee S \�� \�� PC\W Total$42.32 \\s , V�i\Notary iii"'I\i\i\mmm lic in and for Doug ,State of Nebraska Sanitary and Improvement District# 590 IN Douglas County, Nebraska NOTICE OF BUDGET HEARING AND BUDGET SUMMARY PUBLIC NOTICE is hereby given, in compliance with the provisions of State Statute Sections 13-501 to 13-513,that the governing body will meet on the day of _ 2023, at o'clock , at for the purpose of hearing support, opposition, criticism, suggestions or observations of taxpayers relating to the following proposed budget. The budget detail is available at the office of the Clerk during regular business hours. 2021-2022 Actual Disbursements&Transfers $ 2,511,383.00 2022-2023 Actual Disbursements&Transfers $ 1,942,987.00 2023-2024 Proposed Budget of Disbursements&Transfers $ 2,684,600.00 2023-2024 Necessary Cash Reserve $ 24,325.71 2023-2024 Total Resources Available $ 2,708,925.71 Total 2023-2024 Personal&Real Property Tax Requirement $ 15,845.40 Unused Budget Authority Created For Next Year $ 533,287.54 Breakdown of Property Tax: • Personal and Real Property Tax Required for Non-Bond Purposes $ 15,845.40 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 77-1632,that the governing body will meet on the day of 2023, at o'clock , at for the purpose of hearing support, opposition, criticism,suggestions or observations of taxpayers relating to setting the final tax request. 2022 2023 Change Operating Budget 2,689,000.00 2,684,600.00 0% Property Tax Request $ 1,424.70 $ 15,845.40 1012% Valuation 158,300 1,760,600 1012% Tax Rate 0.900000 0.900000 0% Tax Rate if Prior Tax Request was at Current Valuation 0.080921 ' ; ({ . % 0 0 ® } / 5 } 7 1 Fi ) ) e � is2A § ! \ \d 2 \ { 71 % \ ±) en eN I \ * a ° [ a, \ \� m ti \ 5 to— \\ §\\ ) \)® ) ) / § j \/ ¢ \ qq ±/ F % o j \ ) ..S1 g § ( k ^ \ \ o § ) \b ° g { ) z } / § ! \ ) \ \ § 0 ) /j { / . w Fl I % U &utI U / § ( 2 j 5 « °° ) \ / B 1 ° 5 ) ® / / 0 0 \ 0 0 0 0 0 0 0 0 — r °) 0 0 0 N 0 0 n o 0 0 O N N CD v I V r O . r r O r r h• 0 0 i O r ' ' O N 4 O 4i co• CO CO 0 N 0 O 0 O N M 9 N N CO CO r0 {; O O) O O f0 uD P l0 M co .cr .4. ,_ ,_ F- O r N O M W Ntri W W C Mt £ f o N }, V 0 14�'r N 10 a La NC F1 N N N q5�.a N 'o Q ( Eft 09 fA e0 (9 69 f!) 69' di (9 (N 69 69 t9 6 fA 69 69 . 69 69 6/3 69 M M 69 (9 69 0 0 0 0 0 0 0 • 0 0 0 0 0 0 0 0 O O O O O O O O O r r CO CO I-- r N r N r r CO M M r r I r A • r0 N 0 N N CO .- N r N CO CO N N N r N M u) N N 0 C) co UD N V N V CO N V co N N * 0) co co O N C) . 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E Oca Tr so i- 3 Ct co4 3 a c o o E — ? 'm w m m Q° Q a) 0 •O R M j m IL V a d R w m 0 -:Imso a Z, LL E v w > Q lij O mo p o Z do D o .0 w o W, r s — V ° � - a o 3 0o o w w Z Z h cc CD C M 03 > O W W co Y . N CO O C Ca a o W m m o U a o Z; y U -, U co ` a` o c o n :O; O L > 6. cis a- o oo w 7 0 L if, d — U W, 'o co N O W cca caa c =o 'o 2 H a) 'W" O W a'ISI ot$ W O a C ¢ m >' 0] a)I— W w ca y V EC o a o I a) c 7 N o 3 N . Q@m`� o 0 D a m aoi 0 O [ O O L ' a5 E o • m as a) co o U co H m U co Q O. M —. , O co E. $ o Y as p j • N o c a) O- < o d,' o m U d -o m as E W t © co a) 2 co c z w O Ill 2 c - Z O O CC 0 W W a < O z w H _1 Q Z 1— i w u- SID # 590 in Douglas County 2023-2024 LID SUPPORTING SCHEDULE Calculation of Restricted Funds Total Personal and Real Property Tax Requirements (1) $ 15,845.40 Motor Vehicle Pro-Rate (2) $ 10.00 In-Lieu of Tax Payments (3) $ - Transfers of Surplus Fees (4) $ - Prior Year Budgeted Capital Improvements that were excluded from Restricted Funds. Prior Year Capital Improvements Excluded from Restricted Funds (From Prior Year Lid Exceptions, Line(10)) $ - (5) LESS: Amount Spent During 2022-2023 $ - (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) $ 15,855.40 .._. Lid Exceptions:- am .. .- - 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 (18) Refund of Property Taxes to Taxpayers (17) Repairs to Infrastructure Damaged by a Natural Disaster (18) TOTAL LID EXCEPTIONS (B) (19) $fit.? :1427-011 - TOTAL RESTRICTED FUNDS For Lid Computation (To Line 9 oftle LidCo rmputation Form) $ 15,855.40 To Calculate Total Restricted`Fu,fruutunds$Line 9 MINUS'Total L id`Ex ce"frptions(BJLinoT'!9 Total Restricted Funds for Lid Computation cannot be less than zero. See Instruction Manual on completing the Lid Supporting Schedule. Page 4 SID # 590 in Douglas County LID COMPUTATION FORM FOR FISCAL YEAR 2023-2024 PRIOR YEAR'"RESTRICTED FUNDS AUTHORITY OPTION i'felblkidktiON 2 e .a__" ; ._.� L Win. :_,.._ ..,� '. OPP-IO I n.:x..,-, Prior Year Restricted Funds Authority = Line (8)from last year's Lid Computation Form 1,433.70 5 ;`, OP3ON2 tl Option 1 -(1) *12 7On se ifa was taken last'yea�ownhall iaar fo.exceed Lie' for omenyear 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 Prior Year Restricted Funds Authority (Base Amount) Line (A) Plus Line (C) - Option 2 -(1) Cje at3S CURREN r YEAR ALLOWABLE INCREASES - 1 BASE LIMITATION PERCENT INCREASE (2.5%) 2.50 % (2) ALLOWABLE GROWTH PER THE ASSESSOR MINUS 2.5% - % - / 158,300.00 = - % (3) 2023 Growth 2022 Valuation Multiply times per Assessor 100 To get% ❑3 ADDITIONAL 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 Meetina Governing Body ATTACH A COPY OF THE BOARD MINUTES APPROVING THE INCREASE. ❑4 SPECIAL ELECTIONITOWNHALL MEETING-VOTER APPROVED%INCREASE 38,200.00 % (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) 38,202.50 % (6) Allowable Dollar Amount of Increase to Restricted Funds= Line(1) x Line(6) 547,709.24 (7) Total Restricted Funds Authority= Line (1) + Line(7) 549,142.94 (8) Less: Restricted Funds from Lid Supporting Schedule 15,855.40 (9) Total Unused Restricted Funds Authority= Line (8) -Line(9) 533,287.54 (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 Levy Limit Form Sanitary and Improvement Districts SID # 590 in Douglas County Total Personal and Real Property Tax Request $ 15,845.40 (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 $ 15,845.40 (3) Valuation (Per the County Assessor) $ 1,760,600.00 (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 REPORT OF JOINT PUBLIC AGENCY AND INTERLOCAL AGREEMENTS REPORTING, PERIOD JULY 1,w2022 THRQ.IJGH DUNE 3Q2023 v SID #590 Douglas County SUBDIVISION NAME COUNTY Amount Used as Lid Parties to Agreement Agreement Period Description Exemption (Column 1) (Column 2) (Column 3) (Column 4) SID#404, SID#580, SID#612, SID 10/4/22-project Fort Street Improvements #619, SID#620 and Douglas County, completion NE. From Page 2 $ - Total Amount used as Lid Exemption $ - Sanitary and Improvement District No. 590 of Douglas County, Nebraska 2022/2023 Valuations -Final 158,300 2022/2023 Levy General Fund 0.009000 Bond Fund 0.000000 Total Levy 0.009000 2022/2023 Estimated Taxes General Fund 1,424.70 Bond Fund 0.00 1,424.70 2023/2024 Valuations -Final 1,760,600 2023/2024 Levy General Fund 0.009000 Bond Fund 0.000000 Total Levy 0.009000 2023/2024 Estimated Taxes General Fund 15,845.40 Bond Fund 0.00 15,845.40 2023/2024 GROWTH 0 2023/2024 GROWTH ALLOCATION 0.00% LESS: BASE LIMITATION 2.50% ALLOWABLE GROWTH LESS BASE -2.50% , N N O N f0 1- N to N M C N N O CI N m 0 0 tiititit in in Ms 3 - NI M +C O to N N 0 i O -0-0- -o to Z to N J N N to in C O N N J N "o > v o E ^ en to 0 to W C DO C on cu j = N d \ o to N x N C N 001 O oO) N 00 'Cl ro N 0 0 0 M ` c N NI N ill 0 N it a >. m a) 3 Too N N W TIT) ) w 0N N T O OOi -o L 0 t M 0 0 0 a+ r N w CO C 'O 0 O > Q N 4: N C c E 0 J C > o Q > no -o C O ? tyy O t J Y-o O. ,a CO O ea E CD J N > L C D U C -o Y C COH "O C To O -0 N N C O N tLn o O N O `• w a.+ N cocu ro \ ro to -o � w N c 3 Fes- Co. A _1 , CO n O ei N \r T E .: CC v G 0 0 u G CO O j m < a N ! , ! . w . . , . . , . . . � . . � . . . ! \ ! ! B ! r & (in 7a / ! - ! . . . . . . . . . 1 . 5 . m . ; . . . . . § . . , N . . : ! . . $ | § ® \ § , ¢ i ( ' \ ' \ } } - 0 0! . ! . 1 . . . . . # . . . l . . l .' § § , mo . 1 8 . + [)\ . } . . : . . ! # . . . . . . . , -I ` f 7 / ( ` ® ' * . (0 ; ; ! \ El f ; § 8 ` ; . . . . . , 1 . 4 ! \!§ . . . . # . . \ § 4. • IS 0• et \ , \ #$ cii. . . . . . l ' f f/1 . . . . 1 . . . § §® # ! § ` _ A 4: 1 . . ^ . . . . . § . ¥ [\\ . § . . 1 , ' N oa NE . . . | ! } ( \ ; & ! ( \ to ` | § } . - §° 8 . . , . . . }_ 7 ! ( /§ . . . . ; . . 1 ; . . : m - - \ \ \ . . . 0 0 6 , . . , § ! o • \ , ! , . : . 8 . . § . . § . , 77 . 7 ° CO , ; \ \ _N . . . N ; \ , § f ! § « # { ; \ \\ ) . § ; 5 § ! . ` = , ! ! , # ; - - - - ;! 2] ) ) ! ! ) ] ® ! } ! | {\fl flt { } ) \4 \ [t §/ #| / f ! ! ) ! ! ! ) \ !\ ) ) ) ) \\ \ ] ) ; 2f; ; ) ! ! ! f \ A o ea 4 et::Y M EA M ry inirr � zEA EA i. O e v o a n O kin ro 0 00 00 -ao N. v; kn ILEAs5 o OOO OOOO W 7 RH O '• x k cn• H Snapshot Report SID NO. 590 - ENCLAVE FLATS \ BLUESTEM As of August 25,2023 APITAL PAPTNERS VALUATION VALUE NET DEBT TO VALUE 2021 $1,354,400.00 2022 $158,300.00 2023 $1,760,600.00 310.78% CASH AND INVESTMENTS AS OF 07/31/2023 GENERAL FUND BOND FUND CASH $6,226.63 $10,154.22 INVESTMENTS $0.00 $0.00 TOTAL CASH AND INVESTMENTS $6,226.63 $10,154.22 SPECIAL ASSESSMENTS DATE OF LEVY LEVIED BALANCE $0.00 $0.00 $0.00 $0.00 BONDS OUTSTANDING FISCAL YEAR DATE OF ISSUE ISSUE AMOUNT BALANCE DEBT SERVICE $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 WARRANTS OUTSTANDING GENERAL FUND BOND FUND 2024 $38,874.68 $0.00 2025 $36,227.67 $0.00 2026 $52,788.63 $1,588,677.77 2027 $0.00 $2,445,246.46 2028 $0.00 $1,447,824.78 $127,890.98 $5,481,749.01 LEVY (FISCAL YEAR 2022-20231 LEVY (FISCAL YEAR 2023-20241 RATE PER$100 NET TAX REVS RATE PER$100 NET TAX REVS BOND FUND $0.0000 $0.00 BOND FUND $0.0000 $0.00 GENERAL FUND $0.9000 $1,396.21 GENERAL FUND $0.9000 $15,528.49 TOTAL LEVY $0.9000 TOTAL LEVY $0.9000 1414 N.205th St.,Ste. 1 • Omaha, NE 68022 • 402-391-7977 8/25/2023 11:56 Member FINRA/SIPC Page 1 of 9 Sources and Uses of Funds f SID NO. 590 - ENCLAVE FLATS Ni BLUE July 1 2022 t0 June 30 2023 c APITAL ARTNERS CASH AND INVESTMENTS BEGINNING OF PERIOD GENERAL FUND BOND FUND CASH $6,258.28 $0.00 INVESTMENTS $0.00 $0.00 TOTAL CASH AND INVESTMENTS $6,258.28 $0.00 SOURCES OF FUNDS REAL PROPERTY TAXES 21-22 $5,835.27 $0.00 REAL PROPERTY TAXES 22-23 $1,371.98 $0.00 MOTOR VEH PRO RATE ALLOCATION $9.07 $0.00 PROPERTY TAX CREDIT ALLOCATION ($295.78) $0.00 AG STATE TAX CREDIT ALLOCATION $418.05 $0.00 COLLECTION IN DISTRICT $258.29 $10,154.22 TOTAL SOURCES OF FUNDS $7,596.88 $10,154.22 USES OF FUNDS REGISTERED WARRANT ($7,484.38) $0.00 TRES COMMISSION DISTR-TAXES ($144.15) $0.00 TOTAL USES OF FUNDS ($7,628.53) $0.00 CHANGE IN CASH AND INVESTMENTS ($31.65) $10,154.22 CASH AND INVESTMENTS END OF PERIOD $6,226.63 $10,154.22 1414 N.205th St.,Ste. 1 • Omaha, NE 68022 • 402-391-7977 8/25/2023 11:56 Member FINRA/SIPC Page 2 of 9 Statement of Activities /7 SID NO. 590 ENCLAVE FLATS BLUEST July 2022 to June 2023 CAPITAL PAIRTNERS Current Year July 2022 to June 2023 GENERAL FUND BOND FUND • REVENUES TOTAL REVENUES $7,596.88 $10,154.22 EXPENDITURES ACCOUNTING-BOOKKEEPING $7,130.00 $0.00 DISSEMINATION AGENT FEES $275.00 $0.00 ELECTION FEES $259.48 $0.00 ENGINEERING $16,086.33 $489,910.83 FINANCIAL ADVISORY FEES $10,500.00 $0.00 INSURANCE $3,792.00 $0.00 LEGAL EXPENSES-SID ATTORNEY $7,300.26 $52,295.14 PAVING&STORM SEWER $0.00 $704,889.82 PAVING(EXTERNAL) $0.00 $351,752.61 PAYING AGENT&REGISTRAR FEES $1,000.00 $1,000.00 SANITARY SEWER,STORM&PAVING $0.00 $4,019.50 STORM SEWER $0.00 $9,649.50 TRES COMMISSION DISTR-TAXES $144.15 $0.00 UNDERWRITING FEES $118.68 $4,707.56 WARRANT INTEREST EXPENSE $0.00 $210,236.14 WARRANT STRUCTURING FEES $1,164.91 $59,271.99 TOTAL EXPENDITURES $47,770.81 $1,887,733.09 REVENUES OVER EXPENDITURES (EXPENDITURES OVER REVENUES) ($40,173.93) ($1,877,578.87) Note:Statement of Activities does not reflect the bond payments nor interest on warrant redemptions. 1414 N.205th St.,Ste. 1 • Omaha, NE 68022 • 402-391-7977 8/25/2023 11:56 Member FINRA/SIPC Page 3 of 9 Statement of Activities fi SID NO. 590 - ENCLAVE FLATS !(BLUE TE July 2021 to June 2022 c A R I T A L P A R T N e rl S Previous Year July 2021 to June 2022 Previous Year July 2020 to June 2021 GENERAL FUND BOND FUND GENERAL FUND BOND FUND REVENUES TOTAL REVENUES $6,376.46 $0.00 $0.00 $0.00 EXPENDITURES Accounting-Bookkeeping $2,050.00 $0.00 $0.00 $0.00 Acquisition:Right of Ways $0.00 $0.00 $0.00 $10,010.00 City-County Review Fees $0.00 $0.00 $0.00 $33,398.99 Community Park Fees $0.00 $0.00 $0.00 $15,646.41 Dissemination Agent Fees $275.00 $0.00 $0.00 $0.00 Engineering $6,977.49 $401,546.42 $144.51 $0.00 Financial Advisory Fees $13,095.83 $0.00 $0.00 $0.00 Insurance $3,395.00 $0.00 $6,778.00 $0.00 Legal Expenses-SID Attorney $7,034.23 $135,419.21 $11,608.10 $2,952.77 Paving&Storm Sewer $0.00 $1,144,753.60 $0.00 $0.00 Paying Agent&Registrar Fees $1,246.58 $1,246.58 $0.00 $0.00 Sanitary Sewer(Internal) $0.00 $428,231.53 $0.00 $0.00 Sanitary Sewer,Storm&Paving $0.00 $93,041.25 $0.00 $0.00 TRES COMMISSION DISTR-TAXES $118.18 $0.00 $0.00 $0.00 Underwriting Fees $86.89 $8,350.60 $47.83 $159.28 Warrant Interest Expense $0.00 $41,114.75 $0.00 $0.00 Warrant Structuring Fees $681.79 $105,140.80 $602.24 $2,005.52 Water Main Extension $0.00 $989,748.00 $0.00 $0.00 TOTAL EXPENDITURES $34,960.99 $3,348,592.74 $19,180.68 $64,172.97 REVENUES OVER EXPENDITURES (EXPENDITURES OVER REVENUES) ($28,584.53) ($3,348,592.74) ($19,180.68) ($64,172.97) Note:Statement of Activities does not reflect the bond payments nor interest on warrant redemptions. 1414 N.205th St.,Ste. 1 • Omaha, NE 68022 • 402-391-7977 8/25/2023 11:56 Member FINRA/SIPC Page 4 of 9 Warrant Issuance Report (By Category) Ns ;./ SID No. 590 - ENCLAVE FLATS ®'I, LUESTE CAPITAL PAIRTNERS July 1, 2022-June 30,2023 ACCOUNTING - BOOKKEEPING EXPENSE WARRANT TYPE WARRANT# ISSUE DATE PAYEE AMOUNT VALUE PERCENTAGE GF 226 09/09/2022 Lutz&Company $3,250.00 $3,250.00 100% GF 267 02/10/2023 Lutz&Company $3,550.00 $3,550.00 100% GF 288 03/24/2023 Lutz&Company $330.00 $330.00 100% $7,130.00 DISSEMINATION AGENT FEES EXPENSE WARRANT TYPE WARRANT# ISSUE DATE PAYEE AMOUNT VALUE PERCENTAGE GF 289 03/24/2023 SID Services LLC $275.00 $1,275.00 22% $275.00 ELECTION FEES EXPENSE WARRANT TYPE WARRANT# ISSUE DATE PAYEE AMOUNT VALUE PERCENTAGE GF 256 01/06/2023 Douglas County Election Commission $1.19 $1.19 100% GF 302 06/02/2023 Douglas County Election Commission $258.29 $258.29 100% $259.48 ENGINEERING EXPENSE WARRANT TYPE WARRANT# ISSUE DATE PAYEE AMOUNT VALUE PERCENTAGE CF 237 10/21/2022 E&A Consulting Group,Inc. $50,000.00 $50,000.00 100% CF 238 10/21/2022 E&A Consulting Group,Inc. $50,000.00 $50,000.00 100% CF 239 10/21/2022 E&A Consulting Group,Inc. $50,000.00 $50,000.00 100% CF 240 10/21/2022 E&A Consulting Group,Inc. $50,000.00 $50,000.00 100% CF 241 10/21/2022 E&A Consulting Group,Inc. $50,000.00 $50,000.00 100% CF 242 10/21/2022 E&A Consulting Group,Inc. $50,000.00 $50,000.00 100% CF 243 10/21/2022 E&A Consulting Group,Inc. $50,000.00 $50,000.00 100% CF 244 10/21/2022 E&A Consulting Group,Inc. $50,000.00 $50,000.00 100% CF 245 10/21/2022 E&A Consulting Group,Inc. $50,000.00 $50,000.00 100% CF 246 10/21/2022 E&A Consulting Group,Inc. $1,924.63 $1,924.63 100% CF 297 03/24/2023 E&A Consulting Group,Inc. $14,884.40 $14,884.40 100% CF 305 06/02/2023 E&A Consulting Group,Inc. $23,101.80 $23,101.80 100% GF 221 07/08/2022 E&A Consulting Group,Inc. $1,166.02 $1,166.02 100% GF 225 09/09/2022 E&A Consulting Group,Inc. $3,322.99 $3,322.99 100% GF 231 10/21/2022 E&A Consulting Group,Inc. $1,723.67 $1,723.67 100% GF 254 01/06/2023 E&A Consulting Group,Inc. $967.95 $967.95 100% GF 266 02/10/2023 E&A Consulting Group,Inc. $3,104.14 $3,104.14 100% GF 287 03/24/2023 E&A Consulting Group,Inc. $1,256.80 $1,256.80 100% 1414 N.205th St.,Ste. 1 • Omaha, NE 68022 • 402-391-7977 8/25/2023 11:56 Member FINRA/SIPC Page 5 of 9 Warrant Issuance Report (By Category) f` SID No. 590 - ENCLAVE FLATS BLUE July 1,2022-June 30,2023 c r TA PARTNERS ENGINEERING EXPENSE WARRANT TYPE WARRANT# ISSUE DATE PAYEE AMOUNT VALUE PERCENTAGE GF 301 06/02/2023 E&A Consulting Group,Inc. $4,544.76 $4,544.76 100% $505,997.16 FINANCIAL ADVISORY FEES EXPENSE WARRANT TYPE WARRANT# ISSUE DATE PAYEE AMOUNT VALUE PERCENTAGE GF 233 10/21/2022 Bluestem Capital Partners $5,000.00 $5,000.00 100% GF 234 10/21/2022 Bluestem Capital Partners $5,000.00 $5,000.00 100% GF 235 10/21/2022 Bluestem Capital Partners $500.00 $500.00 100% $10,500.00 INSURANCE EXPENSE WARRANT TYPE WARRANT# ISSUE DATE PAYEE AMOUNT VALUE PERCENTAGE GF 222 07/08/2022 Chastain Otis $120.00 $120.00 100% GF 255 01/06/2023 Chastain Otis $3,672.00 $3,672.00 100% $3,792.00 LEGAL EXPENSES-SID ATTORNEY EXPENSE WARRANT TYPE WARRANT# ISSUE DATE PAYEE AMOUNT VALUE PERCENTAGE CF 251 10/21/2022 Fullenkamp,Jobeun,Johnson&Beller LLP $6,596.79 $6,596.79 100% CF 263 01/06/2023 Fullenkamp,Jobeun,Johnson&Beller LLP $2,695.50 $2,695.50 100% CF 278 02/10/2023 Fullenkamp,Jobeun,Johnson&Beller LLP $17,587.63 $17,587.63 100% CF 284 02/10/2023 Fullenkamp,Jobeun,Johnson&Beller LLP $7,258.51 $7,258.51 100% CF 314 06/02/2023 Fullenkamp,Jobeun,Johnson&Beller LLP $18,156.71 $18,156.71 100% GF 227 09/09/2022 Fullenkamp,Jobeun,Johnson&Beller LLP $5,000.00 $5,000.00 100% GF 228 09/09/2022 Fullenkamp,Jobeun,Johnson&Beller LLP $2,300.26 $2,300.26 100% $59,595.40 PAVING & STORM SEWER EXPENSE WARRANT TYPE WARRANT# ISSUE DATE PAYEE AMOUNT VALUE PERCENTAGE CF 248 10/21/2022 Luxa Construction Company $50,000.00 $50,000.00 100% CF 249 10/21/2022 Luxa Construction Company $50,000.00 $50,000.00 100% CF 250 10/21/2022 Luxa Construction Company $31,935.13 $31,935.13 100% CF 259 01/06/2023 Utilities Service Group $1,298.48 $1,298.48 100% CF 260 01/06/2023 Terracon $9,441.88 $9,441.88 100% CF 261 01/06/2023 Tab Holding Company $50,000.00 $50,000.00 100% 1414 N.205th St.,Ste.1 • Omaha, NE 68022 • 402-391-7977 8/25/2023 11:56 Member FINRA/SIPC Page 6 of 9 Warrant Issuance Report (By Category) \itko f SID No. 590 - ENCLAVE FLATS BLUE July1,2022-June30,2023 CA P TA L P A R T N E r3 S PAVING &STORM SEWER EXPENSE WARRANT TYPE WARRANT# ISSUE DATE PAYEE AMOUNT VALUE PERCENTAGE CF 262 01/06/2023 Tab Holding Company $3,910.00 $3,910.00 100% CF 281 02/10/2023 Luxa Construction Company $50,000.00 $50,000.00 100% CF 282 02/10/2023 Luxa Construction Company $50,000.00 $50,000.00 100% CF 283 02/10/2023 Luxa Construction Company $45,170.21 $45,170.21 100% CF 306 06/02/2023 Tab Construction Co. $50,000.00 $50,000.00 100% CF 307 06/02/2023 Tab Construction Co. $50,000.00 $50,000.00 100% CF 308 06/02/2023 Tab Construction Co. $50,000.00 $50,000.00 100% CF 309 06/02/2023 Tab Construction Co. $50,000.00 $50,000.00 100% CF 310 06/02/2023 Tab Construction Co. $50,000.00 $50,000.00 100% CF 311 06/02/2023 Tab Construction Co. $50,000.00 $50,000.00 100% CF 312 06/02/2023 Tab Construction Co. $50,000.00 $50,000.00 100% CF 313 06/02/2023 Tab Construction Co. $13,134.12 $13,134.12 100% $704,889.82 PAVING (EXTERNAL) EXPENSE WARRANT TYPE WARRANT# ISSUE DATE PAYEE AMOUNT VALUE PERCENTAGE CF 270 02/10/2023 Douglas County Treasurer $50,000.00 $50,000.00 100% CF 271 02/10/2023 Douglas County Treasurer $50,000.00 $50,000.00 100% CF 272 02/10/2023 Douglas County Treasurer $50,000.00 $50,000.00 100% CF 273 02/10/2023 Douglas County Treasurer $50,000.00 $50,000.00 100% CF 274 02/10/2023 Douglas County Treasurer $50,000.00 $50,000.00 100% CF 275 02/10/2023 Douglas County Treasurer $50,000.00 $50,000.00 100% CF 276 02/10/2023 Douglas County Treasurer $50,000.00 $50,000.00 100% CF 277 02/10/2023 Douglas County Treasurer $1,752.61 $1,752.61 100% $351,752.61 PAYING AGENT& REGISTRAR FEES EXPENSE WARRANT TYPE WARRANT# ISSUE DATE PAYEE AMOUNT VALUE PERCENTAGE CF 298 03/24/2023 SID Services LLC $1,000.00 $1,000.00 100% GF 289 03/24/2023 SID Services LLC $1,000.00 $1,275.00 78% $2,000.00 SANITARY SEWER, STORM & PAVING EXPENSE WARRANT TYPE WARRANT# ISSUE DATE PAYEE AMOUNT VALUE PERCENTAGE CF 315 06/02/2023 Terracon $4,019.50 $4,019.50 100% $4,019.50 1414 N.205th St.,Ste. 1 • Omaha, NE 68022 • 402-391-7977 8/25/2023 11:56 Member FINRA/SIPC Page 7 of 9 Warrant Issuance Report (By Category) ; , SID No. 590 - ENCLAVE FLATS t BLUE July 1, 2022-June 30,2023 c is r TA r» r� T N RS STORM SEWER EXPENSE WARRANT TYPE WARRANT# ISSUE DATE PAYEE AMOUNT VALUE PERCENTAGE CF 247 10/21/2022 Utilities Service Group $9,649.50 $9,649.50 100% $9,649.50 UNDERWRITING FEES EXPENSE WARRANT TYPE WARRANT# ISSUE DATE PAYEE AMOUNT VALUE PERCENTAGE CF 253 10/21/2022 West Gate Bank $1,549.02 $1,549.02 100% CF 265 01/06/2023 West Gate Bank $173.84 $173.84 100% CF 280 02/10/2023 West Gate Bank $953.36 $953.36 100% CF 286 02/10/2023 West Gate Bank $393.46 $393.46 100% CF 300 03/24/2023 West Gate Bank $583.67 $583.67 100% CF 317 06/02/2023 West Gate Bank $1,054.21 $1,054.21 100% GF 224 07/08/2022 West Gate Bank $3.32 $3.32 100% GF 230 09/09/2022 West Gate Bank $35.71 $35.71 100% GF 236 10/21/2022 West Gate Bank $30.70 $30.70 100% GF 258 01/06/2023 West Gate Bank $11.98 $11.98 100% GF 269 02/10/2023 West Gate Bank $17.18 $17.18 100% GF 291 03/24/2023 West Gate Bank $7.39 $7.39 100% GF 304 06/02/2023 West Gate Bank $12.40 $12.40 100% $4,826.24 WARRANT INTEREST EXPENSE EXPENSE WARRANT TYPE WARRANT# ISSUE DATE PAYEE AMOUNT VALUE PERCENTAGE CF 292 03/24/2023 UMB Bank NA $50,000.00 $50,000.00 100% CF 293 03/24/2023 UMB Bank NA $50,000.00 $50,000.00 100% CF 294 03/24/2023 UMB Bank NA $50,000.00 $50,000.00 100% CF 295 03/24/2023 UMB Bank NA $50,000.00 $50,000.00 100% CF 296 03/24/2023 UMB Bank NA $10,236.14 $10,236.14 100% $210,236.14 WARRANT STRUCTURING FEES EXPENSE WARRANT TYPE WARRANT# ISSUE DATE PAYEE AMOUNT VALUE PERCENTAGE CF 252 10/21/2022 Bluestem Capital Partners $19,503.45 $19,503.45 100% CF 264 01/06/2023 Bluestem Capital Partners $2,188.74 $2,188.74 100% CF 279 02/10/2023 Bluestein Capital Partners $12,003.56 $12,003.56 100% CF 285 02/10/2023 Bluestein Capital Partners $4,953.93 $4,953.93 100% CF 299 03/24/2023 Bluestein Capital Partners $7,348.92 $7,348.92 100% 1414 N.205th St.,Ste. 1 • Omaha, NE 68022 • 402-391-7977 8/25/2023 11:56 Member FINRA/SIPC Page 8 of 9 Warrant Issuance Report (By Category) r SID No. 590 - ENCLAVE FLATS + BLUE July 1,2022-June 30,2023 C A P I T A L PARTNERS WARRANT STRUCTURING FEES EXPENSE WARRANT TYPE WARRANT# ISSUE DATE PAYEE AMOUNT VALUE PERCENTAGE CF 316 06/02/2023 Bluestem Capital Partners $13,273.39 $13,273.39 100% GE 223 07/08/2022 Bluestem Capital Partners $41.80 $41.80 100% GE 229 09/09/2022 Bluestem Capital Partners $450.88 $450.88 100% GE 232 10/21/2022 Bluestem Capital Partners $56.02 $56.02 100% GF 257 01/06/2023 Bluestem Capital Partners $150.84 $150.84 100% GE 268 02/10/2023 Bluestem Capital Partners $216.26 $216.26 100% GF 290 03/24/2023 Bluestem Capital Partners $93.01 $93.01 100% GF 303 06/02/2023 Bluestem Capital Partners $156.10 $156.10 100% $60,436.90 TOTAL FOR ENCLAVE FLATS $1,935,359.75 1414 N.205th St.,Ste. 1 • Omaha, NE 68022 • 402-391-7977 8/25/2023 11:56 Member FINRA/SIPC Page 9 of 9 Lui Z MIND WHAT MATTERS July 26, 2023 Board of Trustees Sanitary and Improvement District No. 590 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. 590 of Douglas County, Nebraska (the District) as of and for the year ended June 30, 2023. 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. Shared Responsibilities:AICPA Independence The AICPA regularly emphasizes that auditor independence is a joint responsibility and is managed most effectively when management, audit committees, and audit firms work together in considering compliance with AICPA independence rules. For Lutz & Company, P.C. to fulfill its professional responsibility to maintain and monitor independence, management, the audit committee and Lutz & Company, P.C. each play an important role. Our Responsibilities • AICPA rules require independence both of mind and in appearance when providing audit and other attestation services. Lutz & Company, P.C. is to ensure that the AICPA's General Requirements for performing non-attest services are adhered to and included in all letters of engagement. • Maintain a system of quality control over compliance with independence rules and firm policies. LUTZ & COMPANY, PC 13616 CALIFORNIA STREET, SUITE 300, OMAHA, NE 68154-5336 ( 402.496.8800 I INFO@)LUTZ.US I WWW.LUTZ,US ,j I Sanitary and Improvement District No. 590 of Douglas County, Nebraska July 26, 2023 Page 2 Your Responsibilities Timely inform Lutz& Company, P.C., before the effective date of transactions or other business changes, of the following: • New affiliates,directors, officers,or person in financial reporting oversight roles. • Understand and conclude on the permissibility, prior to the District, and the officers, directors, or persons in a decision-making capacity, engaging in business relationships with Lutz & Company, P.C. • Not entering into relationships resulting in Lutz & Company, P.C., Lutz & Company, P.C. covered persons or their close family members,temporarily or permanently acting as an officer, director, or person in an accounting or financial reporting oversight role at the District. 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. 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 Sanitary and Improvement District No. 590 of Douglas County, Nebraska July 26, 2023 Page 3 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. As part of our risk assessment procedures, we identified the following risks as significant risks: management override of controls. Additional significant risks may be identified as we perform additional audit procedures. 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. 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& CO PANY, P.C. Jeff Paesl 4=`NUI FULLENKAMP Larry A.Jobeun F Mark Johnson JOBEUN Brent W.Beller 1)p JOHNSON & Robert T. Griffith BELLER],LP Writers e-mail:larry@fijblaw.com Writers direct dial:(402)691-5266 September 8, 2023 Chairman and Board of Trustees Sanitary and Improvement District No. 590 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. 7-01-22—6-30-23 Meetings: Draft and prepare notice of meeting, send to paper for publication, County 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 County Clerk. 2023 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: $6,000.00 EXPENSES: Filing Fees, Publications, Copying, $1,291.19 & Postage TOTAL AMOUNT DUE: $7,291.19 Respectfully submitted, /s/Larry A.Jobeun 11440 W. Center Road, Ste. C—Omaha,Nebraska,68144—Phone: (402)334-0700—Website:www.fliblaw.com E&A Consulting Group,Inc. Engineering Answers 10909 Mill Valley Road,Suite 100 Omaha,NE 68154-3950 402.895.4700 Douglas County SID#590 July 27,2023 do Mr.Larry Jobeun,Attorney Project No: P2017.248.002 11440 West Center Road Invoice No: 167880 Omaha,NE 68144 Project P2017.248.002 Enclave Flats Subdivision at 186th&Fort in Omaha,NE-Single Family Subdivision Professional Services from April 24,2023 to July 16,2023 Phase 015 Design-Fort Street Fee Estimated Construction Cost 3,455,579.60 Fee Percentage 10.00 Total Fee 345,557.96 Percent Description of Fee Fee Percent Complete Earned SID 590 Cost 17.00 58,744.85 85.00 49,933.13 SID 580 Reimbursement to SID 590 7.00 24,189.06 85.00 20,560.70 SID 612 Reimbursement to SID 590 2.00 6,911.16 85.00 5,874.49 SID 404 Reimbursement to SID 590 16.00 55,289.27 85.00 46,995.88 SID 620 Reimbursement to SID 590 4.00 13,822.32 85.00 11,748.97 SID 619 Reimbursement to SID 590 8.00 27,644.64 85.00 23,497.94 Gottsch Property Reimb to SID 590 8.00 27,644.64 85.00 23,497.94 Douglas County Reimbursement to SID 38.00 131,312.02 85.00 111,615.22 590 Total Earned 293,724.27 Previous Fee Billing 351,752.60 Current Fee Billing -58,028.33 Total Fee -58,028.33 Total this Phase -$58,028.33 Phase 025 Construction Management,Staking,&Testing Services-Fort Street Fee Estimated Construction Cost 3,455,579.60 Fee Percentage 11.00 Total Fee 380,113.76 Percent Description of Fee Fee Percent Complete Earned • SID 590 Cost 17.00 64,619.34 22.00 14,216.25 SID 580 Reimbursement to SID 590 7.00 26,607.96 22.00 5,853.75 SID 612 Reimbursement to SID 590 2.00 ' 7,602.28 22.00 1,672.50 SID 404 Reimbursement to SID 590 16.00 60,818.20 22.00 13,380.00 SID 620 Reimbursement to SID 590 4.00 15,204.55 22.00 3,345.00 SID 619 Reimbursement to SW 590 8.00 30,409.10 22.00 6,690.00 Gottsch Property Reimb to SID 590 8.00 30,409.10 22.00 6,690.00 Douglas County Reimbursement to SID 38.00 144,443.23 22.00 31,777.51 590 Total Earned 83,625,01 . Project P2017.248.002 Enclave Flats 186th&Fort DC 590 Invoice 167880 Previous Fee Billing 0.00 Current Fee Billing 83,625.01 Total Fee 83,625.01 Total this Phase $83,625.01 Total this Invoice $25,596.68 Approved By: Douglas Walter Page 2 Construction Management&Administration 3306 North 180th Street Elkhorn, NE 68022 METRO PROJECT SERVICES August 9th,2023 Chairman and Board of Trustees Sanitary and Improvements District No. 590 c/o Mr. Larry Jobeun,Attorney 11440 W.Center Road Omaha, NE 68144 RE: Sanitary Sewer,Storm Sewer,&Paving System—Section II—Enclave Flats Engineers Project No. OPW 53486 Board Members, Attached Is an invoice,D61078,from Terracon Construction for testing related to Sanitary Sewer,Storm Sewer, &Paving Section II in the total amount of$580.50. If you have any questions related to the above, please contact the undersigned. METRO PROJECT SERVICES,INC Gabe Morton OJOroC Ay. US tlgnM byoebo MoPoplinON',� Gabe Mort _�n®nnnooprola[I.,Mmv.mm. 1. �• PmIed8PMm0.CN•Rebe irerraccn INVOICE Omaha,NE 402-330-2202 Project Mgr: Matt Schiele Project: Enclave Flats • • REMIT TO: 186th andNE Fort Sts Invoice Number: TJ61078 Omaha, Terracon Consultants, Inc. To: SID 590 PO Box 959673 C/O:White Lotus Group St Louis, MO 6 31 95-9673 Attn: Eric Wolfe 10404 Essex Court, Suite 101 Omaha, NE 68114 Federal E.I.N.: 42-1249917 Project Number 05211377 Billed to Date: $45,184.88 Invoice Date: 6/29/2023 Services Through: 6/24/2023 Date Report Description of Services Quantity Rate Total TASK: 01 -Earthwork Observation and Testing 8/8/23 05211377.0073 Soils Technician,per hour 1.00 $61.00 $61.00 6/8/23 05211377.0073 Trip Charge(Technician),each 1.00 $40.00 $40.00 Task Total $101.00 TASK: 09-Portland Cement Concrete Testing - 6/13/23 05211377.0074 Concrete Technician, per hour 2.00 $61.00 $122.00 6/13/23 05211377.0074 Trip Charge(Technician), each 1.00 $40.00 $40.00 6/13/23 05211377.0074 Concrete Compressive Strength C-39,each 4.00 $17.00 $68.00 6/14/23 05211377.0075 Sample Retrieval,per trip 1,00 $50.00 $50.00 . Task Total $280.00 TASK: 22-Project Management 5/27/23 Project Manager, per hour 0.50 $110.00 $55.00 5/27/23 Project Coordinator, per hour 0.25 $62:00 $15.50 6/3/23 Project Manager,per hour 0.25 $110.00 $27.50 6/10/23 Project Manager,per hour 0.25 $110.00 $27.50 6/10/23 Project Coordinator,per hour 0.25 $62.00 $15.50 6/17/23 Project Coordinator,per hour 0.50 $62.00 $31.00 6/24/23 Project Manager,per hour 0.25 $110.00 $27.50 Task Total $199.50 invoice Total $580.50 TERMS: DUE UPON PRESENTATION OF INVOICE Created on 6/28/2023 Page 1 of 1 Client#576170 Construction Management&Administration 3306 North 180th Street Elkhorn, NE 68022 METRO PRWECT SERVICUS August 9th, 2023 Chairman and Board of Trustees Sanitary and Improvements District No.590 c/o Mr.Larry Jobeun,Attorney 11440 W.Center Road Omaha, NE 68144 RE: Sanitary Sewer,Storm Sewer,&Paving System—Section II—Enclave Flats Engineers Project No, OPW 53486 Board Members, Attached is an invoice,TJ46369,from Terracon Construction for testing related to Sanitary Sewer,Storm Sewer, &Paving Section II In the total amount of$383.00. If you have any questions related to the above, please contact the undersigned. METRO PROJECT SERVICES,INC Gabe Morton MISLawAr on.moon. y s, Gabe Morton* mwMmm irerracon INVOICE Omaha,NE 402-330-2202 Project Mgr: Matt Schiele Project: Enclave Flats REMIT TO: 166th and Fort Sts Invoice Number: TJ46369 Omaha,NE Terracon Consultants, Inc. To: SID 590 PO Box 959673 C/O:White Lotus Group St LouIs, MO 63195.9673 Attn: Eric Wolfe 10404 Essex Court, Suite 101 Omaha, NE 68114 Federal E.I.N.: 42-1249917 Project Number: 05211377 Invoice Date: 5/31/2023 Services Through: 5/20/2023 Date Report Description of Services Quantity Rate Total TASK:01 -Earthwork Observation and Testing 5/1/23 05211377.0072 Soils Technician,per hour 1.00 $61.00 $61.00 5/1/23 05211377.0072 Trip Charge(Technician),each 1.00 $40.00 $40.00 Task Total $101.00 TASK:22-Project Management 5/6/23 Project Manager,per hour 1.75 $110.00 $192.50 5/6/23 Project Coordinator,per hour 0.75 $62.00 $46.50 5/13/23 Project Manager, per hour 0.25 $110.00 $27.50 5/13/23 Project Coordinator, per hour 0,25 $62.00 $15.50 Task Total $282.00 Invoice Total $383.00 TERMS:DUE UPON PRESENTATION OF INVOICE Created on 5/24/2023 Page 1 of 1 Client#576170 Construction Management&Administration 3306 North 180th Street Elkhorn,NE 68022 METRO PROJECT SERVICES August 9th,2023 Chairman and Board of Trustees Sanitary and Improvements District No.590 c/o Mr.Larry Jobeun,Attorney 11440 W.Center Road Omaha, NE 68144 RE: Sanitary Sewer,Storm Sewer,&Paving System—Section II—Enclave Flats Engineers Project No.OPW 53486 Board Members, Attached is an invoice,TJ23480,from Terracon Construction for testing related to Sanitary Sewer,Storm Sewer, & Paving Section II in the total amount of$1,270.00. If you have any questions related to the above, please contact the undersigned. METRO pRojEa SERVICES,INC Gabe Morton Gabe Mot rill, P?: mu uo:n.. J LaM.W 11:S11S-05'LC' Fuson INVOICE Omaha, NE 402-330-2202 Project Mgr: Matt Schiele Project: Enclave Flats REMIT TO: 186th and Fort Sts Invoice Number: TJ23480 Omaha, NE Terracon Consultants, Inc. To: SID 590 PO Box 959673 C/O:White Lotus Group St Louis, MO 63195-9673 Attn: Eric Wolfe 10404 Essex Court, Suite 101 Omaha, NE 68114 Federal E.I.N.: 42-1249917 Project Number: 05211377 Billed to Date: $43,504.38 Invoice Date: 4/18/2023 Services Through: 4/08/2023 Date Report Description of Services Quantity Rate Total TASK:07-Concrete Reinforcing Steel Special Inspection 3/23/23 05211377.0059 Reinforcing Steel Technician, per hour 1.00 $61.00 $61.00 3/29/23 05211377.0062 Reinforcing Steel Technician, per hour 1.00 $81.00 $61.00 4/6/23 05211377.0065 Reinforcing Steel Technician, per hour 1.00 $61.00 $61.00 Task Total $183.00 TASK:09-Portland Cement Concrete Testing 3/23/23 05211377.0060 Concrete Technician, per hour 1.00 $61.00 $61.00 3/23/23 05211377.0060 Trip Charge(Technician),each 1.00 $40.00 $40.00 3/23/23 05211377.0060 Concrete Compressive Strength C-39, each 4.00 $17.00 $68.00 3/24/23 05211377.0061 Sample Retrieval, per trip 1.00 $50.00 $50.00 3/29/23 05211377.0063 Concrete Technician,per hour 1.00 $61.00 $61.00 3/29/23 05211377.0063 Trip Charge(Technician),each 1.00 $40.00 $40.00 3/29/23 05211377.0063 Concrete Compressive Strength C-39,each 4.00 $17.00 $68.00 3/30/23 05211377.0064 Sample Retrieval,per trip 1.00 $50.00 $50.00 4/8/23 05211377.0066 Concrete Technician,per hour 1.00 $61.00 $61.00 4/6/23 05211377.0066 Trip Charge(Technician),each 1.00 $40.00 $40.00 4/6/23 05211377.0066 Concrete Compressive Strength C-39,each 4.00 $17.00 $68.00 417/23 05211377.0067 Sample Retrieval,per trip 1.00 $50.00 $50.00 Task Total $657.00 TASK:22-Project Management 3/25/23 Project Manager,per hour 1.00 $110.00 $110.00 3/25/23 Project Coordinator,per hour 1.00 $62.00 $62.00 4/1/23 Project Manager, per hour 0.25 $110.00 $27.50 4/1/23 Project Coordinator, per hour 0.75 $62.00 $46.50 4/8/23 Project Manager, per hour 1.25 $110.00 $137.50 4/8/23 Project Coordinator, per hour 0.75 $62.00 $46.50 TERMS:DUE UPON PRESENTATION OF INVOICE Created on 4/12/2023 Page 1 of 2 Client#576170 Invoice No.: TJ23480 enaconINVOICE Project No.: 05211377 Project: Enclave Flats 186th and Fort Sts Omaha, NE Project Mgr: Matt Schiele Date Report Description of Services Quantity Rate Total Continued Task Total $430.00 Invoice Total $1,270.00 TERMS:DUE UPON PRESENTATION OF INVOICE Created on 4/12/2023 Page 2 of 2 Client#576170 Bluestem Capital Partners Inc Invoice 1414 N 205th Street, Suite#1 Omaha, NE 68022 Date Invoice# (402) 391-7977 8/30/2023 3059 Bill To: SID#590 of Douglas County Nebraska c/o Fullenkamp, Jobeun, Johnson &Beller Attn: Mr. LarryJobeun 11440 West Center Rd, Ste. C Omaha, NE 68144-4421 Description Amount Financial Advisor/Fiscal Agent Services for Fiscal Year 2023-2024. 0.00 Annual Contractual Fee Calculation: 10 Basis Paints of Final Valuation of$1,760,600 with a floor of $10,500. 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 Bluestem Capital Partners Inc. 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 Bluestem Capital Partners Inc. 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 Bluestem Capital Partners Inc. directly or indirectly related to the management of the capital outlay debt of the District. Fee Breakdown: 1 -General Fund 10,500.00 2- Bond Fund 0.00 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) Bluestem Capital Partners Inc. 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 (Hi) 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 $10,500.00 Payments/Credits $0.00 Balance Due $10,500.00 Catie Voshell From: Justice, Micki E. <Micki.Justice@KutakRock.com> Sent: Monday,August 28, 2023 10:40 AM To: Catie Voshell Cc: Brianna Johnson Subject: RE: SID 590 - 8/18/23 Minutes d tik CAI I will just remove it from our op n.IV� „nlln elf Micki Micki Justice J Paralegal Kutak Rock LLP 1650 Farnam Street,Omaha,NE 68102 mickilustice@kutakrock.com p:402.346.6000 X 1060 f:402.346.1148 From: Catie Voshell <Catie@fjjblaw.com> Sent: Monday,August 28, 2023 10:10 AM To:Justice, Micki E. <Micki.Justice@KutakRock.com> Cc: Brianna Johnson<brianna@fjiblaw.com> Subject: RE: SID 590-8/18/23 Minutes [CAUTION -EXTERNAL SENDER] Micki: Just heard back from Bluestem this morning. They would prefer we cancel the warrants issued in error and reissue from the CF at the next meeting. Is it easiest for you to omit this payment from the opinion, contingent upon our cancellation of the $5,896.50 payment and adjustment of fees at the next meeting? Please let us know how you'd like to proceed (and if there is anything I can do to assist). Thanks! Catie Voshell . `T. FULL ENIKAMP J0I3FUN fl JOHNSON cat SELLER.LLP 11440 West Center Road Omaha, Nebraska 68144 o. (402) 334-0700 d. (402) 691-5261 NOTICE OF CONFIDENTIALITY: This email,and any attachments thereto, is confidential information covered by the Electronic Communications Privacy Act, 18 U.S.C.2510-2521 and any other applicable law,and is intended for use only by the addressee(s) named herein and may be attorney work product and protected by attorney-client privilege. If you are not the intended recipient of this email,you are hereby notified that any dissemination,distribution or copying of this email,and any attachments thereto,is strictly prohibited. If you have received this email in error,please notify the sender by email, and permanently delete the original,including attachments, and any copies. Although this e-mail and any attachments are believed to be free of any virus or other defect that might 1 affect any computer system in to which it is received and opened, it is the responsibility of the recipient to ensure that it is virus free and no responsibility is accepted by Fullenkamp Jobeun Johnson&Beller,LLP or the author hereof in any way for its use.Thank you. From:Justice, Micki E. <Micki.Justice@KutakRock.com> Sent: Monday, August 28, 2023 9:29 AM To: Brianna Johnson <brianna@fjjblaw.com> Cc: Catie Voshell <Catie@fjiblaw.com> Subject: RE: SID 590-8/18/23 Minutes Just following up on my below email. I have opinion ready to go as soon as you can verify the below. Thanks. Micki Justice Paralegal Kutak Rock LLP 1650 Farnam Street,Omaha,NE 68102 mickilustice@kutakrock.com p:402.346.6000 X1060 f:402.346.1148 From:Justice, Micki E. Sent: Friday, August 25, 2023 3:16 PM To: Brianna Johnson<brianna@fiiblaw.com> Cc: Catie Voshell<Catie@filblaw.com> Subject: RE: SID 590-8/18/23 Minutes As long as we are not issuing a Validity Opinion in connection with the GFWs and the amount paid is not a burden to the GF then we are good to leave as is. Can you verify this will not be a burden to the GF? Micki Justice Paralegal Kutak Rock LLP 1650 Farnam Street,Omaha, NE 68102 micki.iustice@kutakrock.com p:402.346.6000 X1060 f:402.346.1148 From: Brianna Johnson <brianna@fiiblaw.com> Sent: Friday,August 25, 2023 10:57 AM To:Justice, Micki E. <Micki.Justice@KutakRock.com> Cc: Catie Voshell <Catie@fiiblaw.com> Subject: RE: SID 590-8/18/23 Minutes [CAUTION - EXTERNAL SENDER] Good morning: No, that was a mistake. We can either cancel it and reissue from the Construction Fund, or just let it ride, since it's a nominal amount---thoughts? Attached is our invoice, as requested. Thanks, Brianna Johnson 2 EULLENKAMP F I PREUN B JOHNSON& Ea BELLER.LLP 11440 West Center Road Omaha, Nebraska 68144 0. (402) 334-0700 d. (402) 691-5265 NOTICE OF CONFIDENTIALITY: This email,and any attachments thereto, is confidential information covered by the Electronic Communications Privacy Act, 18 U.S.C.2510-2521 and any other applicable law, and is intended for use only by the addressee(s) named herein and may be attorney work product and protected by attorney-client privilege. If you are not the intended recipient of this email,you are hereby notified that any dissemination,distribution or copying of this email,and any attachments thereto, is strictly prohibited. If you have received this email in error,please notify the sender by email, and permanently delete the original, including attachments, and any copies.Although this e-mail and any attachments are believed to be free of any virus or other defect that might affect any computer system in to which it is received and opened, it is the responsibility of the recipient to ensure that it is virus free and no responsibility is accepted by Fullenkamp Jobeun Johnson&Beller,LLP or the author hereof in any way for its use. Thank you. From:Justice, Micki E.<Micki.Justice@KutakRock.com> Sent: Friday, August 25, 2023 10:53 AM To: Brianna Johnson <brianna@fiiblaw.com>; Catie Voshell <Catie@fiiblaw.com> Subject: SID 590-8/18/23 Minutes Ladies: Did you mean to issue warrants from General Fund to pay Terracon for testing in connection with Sanitary Sewer,Storm Sewer& Paving—Section II? Per my spreadsheet we are still within the RON amount. It looks like there will probably be another substantial bill from E&A so maybe that's why??? Just curious. Also, I need Fullenkamp's invoice. Thanks. Micki Justice Paralegal Kutak Rock LLP 1650 Farnam Street,Omaha,NE 68102 micki.iustice@ kutakrock.com p:402.346.6000 X1060 f:402.346.1148 This E-mail message is confidential, is intended only for the named recipients above and may contain information that is privileged, attorney work product or otherwise protected by applicable law. If you have received this message in error, please notify the sender at 402-346-6000 and delete this E-mail message. Thank you. This email has been scanned for spam and viruses by Proofpoint Essentials. Click here to report this email as spam. 3 d. Bluestem Capital Partners for municipal advisory services on $3,536.52 Construction Fund Warrants issued at this meeting, less over- age from the July 7, 2023 meeting(3.25%). e. West Gate Bank for warrant holding fee on Construction Fund $ 280.88 ants issued at this meeting, less overage from the July 7, 2023 meeting(0.25%). Then, upon a motion duly made, seconded and upon a roll call vote of "aye" by the Trustees Agarwal, Soya, Kline and Bullington, the following Resolutions were unanimously adopted: BE IT RESOLVED by the Board of Trustees of Sanitary and Improvement District No. 590 of Douglas County, Nebraska that the Chairman and Clerk be and they hereby are authorized and directed to execute and deliver Warrant Nos. 326 through 342, inclusive, 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 6% per annum in the General Fund and Construction Fund Accounts of the District, Warrant Nos. 326 through 335 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 August 18, 2026 (the "General Fund Warrants") and Warrant Nos. 336 through 342 to be payable from the Construction Fund Account of the District and to be redeemed no later than five (5) years of the date hereof, being August 18, 2028 (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. 326 for $1,796.20 made payable to E & A Consulting Group, Inc. for engineering services relating to general maintenance of the District and reporting. b) arrant No. 327 for $5,000.00 and Warrant No. $896.50, both made payable to Terracon for testing in connection with Sanitary, Storm and Paving—Section II improvements. c) Warrants No. 329 through 331 for $5,000.00 each and Warrant No. 332 for $1,477.50, all made payable to Labrador Excavating Corp. for SWPPP maintenance and silt basin clean out. d) Warrant No. 333 for $2,406.00 made payable to the Douglas County Engineer for installation of traffic control signage and related materials, as directed. e) Warrant No. 334 for $863.73 made payable to Bluestem Capital Partners for municipal advisory services on General Fund Warrants issued at this meeting. f) Warrant No. 335 for $68.60 made payable to West Gate Bank for warrant holding fee on General Fund Warrants issued at this meeting. g) Warrants No. 336 and 337 for $50,000.00 each and Warrant No. 338 for $27,084.44, all made payable to TAB Construction Co. for construction of a portion of the Sanitary, Storm & Paving — Section II improvements and in connection with Pay Est.Nos. 7-10. CF h) Warrant No. 339 for $6,354.22 made payable to Fullenkamp Jobeun Johnson & Beller, LLP for legal services rendered in connection with item g) hereinabove. CF i) Warrant No. 340 for$10,802.17 made payable to Metro Project Services for construction administrative services in connection with the Sanitary, Storm & Paving — Section II improvements and the PE's No. 7-10 related thereto. CF ® arrant No. 341 for $3,536.52 made payable to Bluestem Capital Partners for municipal advisory services on , Construction Fund Warrants issued at this meeting (inclusive of fee adjustment from overpayment made at July 7, 2023 meeting). CF ak) Warrant No. 342 for $280.88 made payable to West Gate Bank for warrant holding fee on Construction Fund Warrants issued at this meeting (inclusive of fee adjustment from overpayment made at July 7, 2023 meeting). CF BE IT FURTHER RESOLVED by the Board of Trustees of Sanitary and Improvement District No. 590 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 tont#0,3 AGENDA N ex Sanitary and Improvement District No. 590 of Douglas County,Nebraska(Enclave Flats);Meeting to be held September 8, 2023, immediately following the adjournment of the preceding budget hearing beginning at 1:15 p.m. at 10404 Essex Circle, Omaha, Nebraska 68114 — ANNUAL BUDGET MEETING. 1. esent Nebraska Open Meetings Act; Trustee roll call: .. __�lg—aC ' an - Klinec Cler , - en Sov - - ran Ikn %1 cant ',Present proposed Budget; open floor for public comment. 3. Conduct Special Public Hearing to set Final Property Tax Request. 0 ote on and approve 2023-2024 Budget and Final Property Tax Request. . ssion in re: Blu- em Capital Partners Snapshot report; ancellation of GF Warrant Nos. 327 and 328 in the collective amount of 0,,( $5,896.50 and payable to Terracon Construction, the same having been ,/%G . issued from the General Fund in error as part of the August 18th meeting of the District; vote on and approve the same; remove warrants from financial / records of the District; reissue payment from the CF as part of these proceedings. b. Engineering report; c. Other matters. i ''`r '_ 6. llPresent below items for approval and payment from the General Fund Account of the District: =—'" , 4 Fullenkamp Jobeun Johnson & Beller, LLP for legal services and 1 $7,291.19 expenses of the District for FY 2023. ~ 0 Bluestem Capital Partners for municipal advisory services on Gen- eral Fund Warrants issued at this meeting (3.25%). Bluestem Capital Partners for Financial Advisor/Fiscal Agent ser- c.S $10,500.00 vices for FY 2023/2024 (#3059). d.\ West Gate Bank for warrant holding fee on General Fund Warrants $ 45.07 issued at this meeting (0.25%). . Pr sent below items for approval and payment from the Construction Fund Account of the 'strict: &A Consulting Group Inc. for engineering design services in $25,596.68 connection with the Fort Street Improvements (ICA) (No. 1678- 80). eb. Terracon Construction for testing in connection with the Sanitary $5,896.50 Sewer, Storm Sewer& Paving—Section II improvements (No. TJ- 61078, TJ46369, TJ23480, TI04024). c.struluestem Capital Partners for municipal advisory services on Con- $ 831.89 ction Fund Warrants issued at this meeting, less overage from August 18th meeting (3.25%). e` kest Gate Bank for warrant holding fee on Construction Fund War- $ 65.59 is issued at this meeting less overage from August 18th meeting (0.25%). 8. Any and all business before the Board as deemed necessary; meeting adjourned.