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Supporting Documents for Agenda Items can be found HERE.
Attendance: Present: David Hoover (Place 2), Ted Fletcher (Place 5) and Ron Raymaker (Place 1) Absent: President Byron Bevers (Place 4) Late: Joanna Gonzalez (Place 3), Arrived during item 5 discussion
ITEM 4: Monthly Cash Flow Report- As requested by MDD, staff has created a visual for a 5-year cash flow projection for the MDD as well as a monthly cash flow report for future agendas. The projection takes into consideration: 2019-2020 modified revenue projection from COVID, eligible projects per the Capital Improvement Plan (CIP) and allocated projects that are expected to start construction and complete in 2020-2021. Discussion only.
ITEM 5: MDD 2021-2022 Budget- Every year the Shenandoah Municipal Development District must produce an annual budget. City staff helps prepare the budget document with recurring costs and provides an anticipated surplus/deficit. Proposed Operating Budget
ITEM 6: Adoption of the 2021-2022MDD Budget s - Staff presented the updated proposed budget with the changes to capital discussed at the June 23 meeting. MDD voted 4-0 to adopt the MDD budget as presented.
ITEM 7: Capital Improvement Plan (5-year) - In the June 23 MDD meeting, the Board discussed which projects would be planned for funding in the next fiscal year. The current CIP was presented to the Board last year and adopted by Council after some modifications. Director Bevers asked that MDD also adopt the plan. The CIP notes MDD eligible projects but does not guarantee to fund each year. Discussion only.
ITEM 8: Approval of April 28, 2021 Minutes- MDD voted 4-0 to approve the minutes.
ITEM 9: Ratification of June Accounts Payable- MDD voted 4-0 to ratify the accounts payable.
MDD adjourned at 6:12 p.m.
August 7: 2 Cool 4 School "Back 2 School" Pool Party, 11 am - 1 pm
August 10: Civic Club, 6 pm
August 11: City Council, 7 pm
August 12: Budget Workshop, 6 pm
August 14: Shenandoah Farmer's Market, 9 am - 1 pm
August 17: Planning and Zoning Commission, 6 pm
August 25: Municipal Development District, 6 pm
August 25: City Council, 7 pm