Attendance

The special meeting of the Board of Directors of the Triview Metropolitan District was called and held as shown above in accordance with the applicable statutes of the State of Colorado.  The following Directors, having confirmed their continued qualification to serve on the Board were in attendance:

Steve Stephenson
Julie Glenn
Joe Belzer
Joe Martin

Also present were Larry D. Bishop, Sr., District Manager, Triview Metropolitan District, Dale Hill, District Administrator, Triview Metropolitan District, Chuck Ritter, Nolte Engineering, Pete Susemihl, Susemihl, McDermott and Cowan P.C. Kevin Burnett, Red Oak Consulting and Elizabeth Hacker, OCN.

Call to Order

Director Steve Stephenson noted that a quorum of the Board was present and that the Directors had confirmed their continuing qualification to serve, and therefore called the special meeting of the Board of Directors of the Triview Metropolitan District to order at approximately 5:00 pm.

Notice and Posting

Mr. Bishop stated that the meeting has been properly noticed and posted.

Presentation of Impact Fees Methodology

Mr. Bishop introduced Mr. Kevin Burnett of Red Oak Consulting stating that there is a lot of commercial in the “pipe” and THF Reality is proposing 600,000 square feet of commercial in “The Timbers.”

Mr. Burnett explained the three methodologies that were looked at in calculating the Triview impact fees.  The Hybrid approach was used for Triview to determine the maximum allowable fee. The value of the system divided by the capacity gives us the unit costs.  Mr. Burnett stated that this is the standard of industry and normally the methodology that is used.  Mr. Burnett presented the impact fee of $0.41 per square foot of impervious surface for the drainage fee.

Questions from the Board indicated concerns as to how this fee is comparable to the fee that other communities charge.

It was explained that our needs our different then those of surrounding communities and other communities across the state.

Red Oak proposed that the Parks and Rec. impact fee be removed from COI which will result in a loss of significant revenue between now and the year 2015 to Triview Metropolitan District.

 Roads and Bridges impact fees will be based upon the actual square footage of the building.

Discussion followed with Mr. Susemihl informing the Board that if the Baptist Road Interchange was built then the responsibility of extending Jackson Creek Parkway would lie upon the property owners adjacent to the Parkway.

Industry data was used to determine how much traffic each type of commercial development would generate.  The number of trips that each development type would generate was multiplied by TMD’s unit costs to come up with these impact fees.  This was all tied in with the Institute of Traffic Engineers Trip Generation Manual.

Two of the impact fees, drainage and Parks and Rec., are going down in terms of developer costs.

Types of commercial development must be clearly defined and Mr. Bishop and Mr. Burnett will work together to achieve clear definitions.

Lengthy discussion then ensued on the Development Incentive Rebate Formula and the time frame necessary to solidify the Formula and project it into the District’s Cash Flow Projections.

Approval of Resolution 07-03, Increase in Impact Fees

Upon motion duly made and seconded Resolution 07-03 increasing the impact fees for Triview Metropolitan District was unanimously approved with understanding that Triview will include a Development Incentive Rebate Formula for selected and applicable types of commercial development.

Public Comment

There was no comment from the public

Other Business

Mr. Bishop recommended an increase construction water fees retroactive to April 1, 2007 from $4.58 per thousand to $7.25 per thousand informing the Board that our water supply is finite and because of how the water system is constructed, construction water will have to be treated water and that expense of treatment must be covered.  The water that will be used for construction will be District owned water under Promontory Point that has been deeded to TMD.  The Board requested that the manager research the possibility of using reuse water for construction.  Mr. Bishop informed the Board that we have an IGA with the Town of Monument that gives the Town the right to purchase all of Triview’s excess effluent.

Upon motion duly made and seconded the increase in construction water fees from $4.58 per thousand to $7.25 per thousand was unanimously approved.

Mr. Bishop recommended that a one time waiver of the policy of not serving water outside the District Service Area be approved to sell construction water for the YMCA.  Mr. Bishop further stated that the YMCA is in Woodmoor’s District and they have a policy not to sell construction water. Mr. Bishop clarified for the Board that this water would only come from water that Triview currently has a deed of ownership for and not from any water that is under the Water Purchase Agreement.

Upon motion duly made, seconded and carried unanimously the Board approved the selling of District owned water for construction of the YMCA.

Executive Session

Upon motion duly made, seconded and unanimously carried the Board adjourned into Executive Session under § 24-6-402 (4) (f) Personnel Matters.

Re-convene in Public Session

After determining that no action was taken in Executive Session and upon motion duly made, seconded and carried unanimously the Board re-convened into public session.

Appointment of new Board Member

Upon motion duly made, seconded and unanimously carried Mr. Robert Eskridge was appointed to the Board of Directors for Triview Metropolitan District to replace Martha Gurnick, who has resigned.

Adjournment

There being no further business to come before the Board and upon motion duly made, seconded and unanimously carried the meeting was adjourned.

Larry D. Bishop, Sr.
Manager