5. Hear and Consider 2025 tax rate recommendation from Financial Advisor. Mr. Wilson recognized Mr. Neupert, who presented to and reviewed with the Board the financial advisor’s 2025 Tax Rate Analyses, copies of which are attached hereto as Exhibit D and Exhibit E. He stated that there are two different scenarios, the first scenario includes a bond issuance and the second scenario does not. He noted that he will be reviewing the second scenario, as it is unlikely that the District would issue a bond due to the completion timeline of the outstanding audits. Mr. Neupert reviewed the District’s certified assessed value for 2025, and recommended a total tax rate of $0.85 per $100 in assessed value. He discussed allocating $0.38 of the total tax per assessed $100 valuation to fund the District’s debt payments and $0.47 per assessed $100 valuation to pay for the operation and maintenance of District facilities. He noted that with the upcoming projects to the system the District is defined as a “developing” district. He noted that the value of one penny is $27,661. Discussion ensued. Mr. Neupert stated that the Board can consider going below the published rate, however, the Board can not consider a rate above the published rate. Discussion ensued. Mr. Wilson reviewed an Order Designating Officer to Calculate and Publish Tax rates for 2025 (the “Order”), a copy of which is attached hereto as Exhibit F. Upon motion by Director Higgins, seconded by Director Jacobs, after full discussion and the question being put to the Board, the Board voted unanimously to adopt the Order, thereby 299681034.1 authorizing Tax Tech Inc. to publish a proposed tax rate of $0.85 per assessed $100 valuation ($0.38 for debt service and $0.47 for maintenance and operation).

Bastiat Liberty & Property Rights Analysis

This motion is scored as RESTRAINS_GOVERNMENT (Impact Weight: 2.7/10). Under the Bastiat Liberty Watchdog Index, voting YES on measures that cap or reduce ad valorem tax burdens, expand taxpayer exemptions, retire debt early, enforce competitive bidding caps, or remove regulatory/zoning barriers to private property rights earns a positive Pro-Liberty score.