E-470 Commercial Area General Improvement District

7887 E. 60th Ave. Commerce City Commerce City, CO 80022 c3gov.com Meeting Minutes - Final E-470 Commercial Area General Improvement District Monday, March 22, 2021 8:40 PMThis meeting will be conducted electronically via Zoom. There will be no physical meeting. Public access to this meeting can be found in the agenda below. The meeting will also be live on Channel 8 and c3gov.com/video Or Immediately Following the City Council Study Session Joint Meeting with the ERAGID Per Ordinance 2291 the City Manager is authorized to conduct this meeting via Zoom 1. Call To Order/Roll Call Chair Huseman called the joint meeting to order at 9:04 PM. A motion was made by Board Member Grimes, seconded by Board Member Allen-Thomas, to excuse members not present. VOTE: 8 - Aye, 1 - Excused (Frank) Present: 8 - Chair Benjamin Huseman, Jose Guardiola, Oscar Madera, Jennifer Allen-Thomas, Susan Noble, Craig Hurst, Meghan Grimes and Robyn Smith Excused: 1 - Vice Chair Nicole Frank 2. Presentations Pres 21-192 Placement Agreement for Limited Tax General Obligation Loan Series 2021 Discussion Roger Tinklenberg, Interim City Manager, gave the presentation. A motion was made by Board Member Hurst, seconded by Board Member Grimes, to advance the Series 2021 loans with DA Davidson. VOTE: 8 - Aye, 1 - Excused (Frank) 3. Ordinances on 1st Reading Ord ECAGID 16 AN ORDINANCE OF THE CITY OF COMMERCE CITY E-470 COMMERCIAL AREA GENERAL IMPROVEMENT DISTRICT AUTHORIZING THE ISSUANCE AND SALE OF THE DISTRICT’S LIMITED TAX GENERAL OBLIGATION LOAN, SERIES 2021 AND DECLARING AN EMERGENCY ON SECOND READING. A motion was made by Board Member Hurst, seconded by Board Member Madera, that this ordinance be introduced and approved on first reading. VOTE: Aye: 8- Chair Huseman, Board Member Guardiola, Board Member Madera, Board Member Allen-Thomas, Board Member Noble, Board Member Hurst, Board Member Grimes and Board Member Smith Commerce City Page 1 E-470 Commercial Area General Meeting Minutes - Final March 22, 2021 Improvement District Excused: 1- Vice Chair Frank Ord ECAGID 17 AN ORDINANCE AMENDING THE 2021 BUDGET OF THE COMMERCE CITY E-470 COMMERCIAL AREA GENERAL IMPROVEMENT DISTRICT BY APPROPRIATING PORTIONS OF THE UNENCUMBERED FUND BALANCE OF THE ECAGID FUND IN THE AMOUNT OF $400,000 TO ESTABLISH A DEBT SERVICE RESERVE FUND HELD FOR THE LIMITED TAX GENERAL OBLIGATION LOAN, SERIES 2021, MADE BY ZIONS BANK CORPORATION AND AUTHORIZATION OF THE EXPENDITURE THEREOF. A motion was made by Board Member Allen-Thomas, seconded by Board Member Madera, that this ordinance be introduced and approved on first reading. VOTE: Aye: 8- Chair Huseman, Board Member Guardiola, Board Member Madera, Board Member Allen-Thomas, Board Member Noble, Board Member Hurst, Board Member Grimes and Board Member Smith Excused: 1- Vice Chair Frank 4. Resolutions Res ECAGID JOINT RESOLUTION AUTHORIZING NEGOTIATION AND EXECUTION 21-02 OF AMENDMENT TO ANNEXATION AND INCLUSION AGREEMENT FOR THIRD CREEK WEST IN AN-19-253, AN-19-254, ECAGID-012-19 AND ERAGID-002-19 A motion was made by Board Member Madera, seconded by Board Member Grimes, that this resolution be adopted. VOICE VOTE: 8 - Aye, 1 - Excused (Frank) 5. Adjourn The joint meeting adjourned at 9:10 PM. _____________________________ Dylan A. Gibson, Secretary Commerce City Page 2