Harris Ranch Community Infrastructure District No. 1 - Regular Meeting

The Harris Ranch Community Infrastructure District No. 1 held a regular meeting on July 14, 2026, focusing primarily on fiscal and procurement-related updates. Key topics included the postponement of the fiscal year 2027 budget public hearing to August 11, 2026, to accommodate ongoing special assessment bond refunding and the transition to outsourcing district management to Blackwood Advisors. The district staff presented the proposed 2027 budget, highlighting a significant decrease from the previous year due to a successful $22 million general obligation bond issuance. Discussions covered administrative costs, debt service supported by property tax levies, and the impact of property value increases on tax revenues. Board members requested further clarification on certain budget line items and affirmed direction to proceed with the full levy and budget presentation at the upcoming public hearing. No contract awards or vendor selections were finalized during this meeting, but the transition to external management and bond refinancing represent significant upcoming procurement activities.