Resolution 2012-43 - Laserfiche WebLink

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base to the District by adding logical extensions of the development would be a new revenue source. The inclusion of the Property has become possible because RMCS acquired the Property after formation of the District; however, RMCS needs assurances before it voluntarily petitions to bring its Property into the District, that SDFs will not be imposed by the District. The District has asked its External Financial Advisor, Alan Matlosz of George K. Baum & Company, to provide a revised financial plan showing the effect of the inclusion and development of the Property. That plan, which shows that the SDF would not be needed to support the bonds, is attached as Exhibit B. Upon approval of this Amendment, Exhibit B will replace the applicable portions of the financial plan in the original Service Plan, the District's authority to impose an SDF or similar impact fee shall be eliminated, and the following specific revisions to the original Service Plan text shall become effective: - Page 11, Section V.A, strike ", system development fees" from second to last paragraph, insert "and" before "investment income:, and strike last paragraph in of Section V.A in its entirety. - Page 15, Section V.K, strike the opening phrase of said section from the word "Except"through the phrase "Systems Development Fee),". Section 3. To authorize additional public improvements that may be financed and furnished by the District within the District's existing debt authorization. In order to encourage the owner of the Property to voluntarily include the Property into the District, (which the owner is not required to do), the District needs the authority to assist the 3