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Holly Hills board reviews financing options, approves Flatirons manhole addendum and ratifies $100,695.46 in payments
Summary
At its March 19 meeting the Holly Hills Water and Sanitation District board heard financing options for capital projects, approved a Flatirons addendum for South Holly Street Manhole Phase 2, ratified $100,695.46 in accounts payable, and accepted unaudited financials; the board also confirmed the May 6 election was canceled.
The Board of Directors of the Holly Hills Water and Sanitation District met by Zoom on March 19, 2025 and reviewed financing alternatives for planned capital projects, approved a work-order addendum for manhole work, ratified payments totaling $100,695.46 and accepted unaudited financial statements.
Alan Matlosz of Stifel, Nicholaus & Company presented several financing options and answered board questions about viability and long-term impacts. The board asked Matlosz to return to a future meeting with a more refined and detailed financing plan to address their concerns.
Engineering consultant Will Raatz updated the board on an upcoming capital project wholly within Arapahoe County and flagged potential county approvals and permit issues as well as the need to coordinate with High Line Canal Trail improvements. Raatz said construction at Holly Hills Elementary School will require increasing the water tap and a corresponding sewer tap increase; the increase fee is $380,000, of which the district will receive one-half, and the manhole installed for the school will be conveyed to the district upon completion.
On a motion by Director Thomas Thomasson, seconded by Director Scott Kemmeries, the Board approved the Addendum to the Work Order and Authorization from Flatirons, Inc. for the South Holly Street Manhole Exhibit Phase 2.
Finance staff Mike Bakarich reviewed the accounts-payable list and noted refunds due to home sales. The Board ratified approval of accounts payable in the amount of $100,695.46 on a motion by Director Linda Rhea, seconded by Director Kemmeries. The Board also accepted unaudited financial statements for the period ending Feb. 28, 2025 on a motion by Director Rhea, seconded by Director Thomasson; both votes were unanimous.
Manager Justin Janca presented the manager’s report, noting a summary from a SDA/DOLA joint webinar, a new "News" page on the district website and work on a draft monthly newsletter the board plans to include with April 1 billing statements. Janca also confirmed Director Rhea submitted a self-nomination for the May 6, 2025 election, that no other nominations were received, and the election has been cancelled.
Operations consultant Wayne Ramey said annual maintenance will begin soon but is behind the anticipated start date because of scheduling conflicts.
The board agreed it was a worthwhile security step to remove director titles from the district website to reduce the risk of phishing that uses titles to impersonate officers. The meeting was adjourned by unanimous consent.
Votes at a glance: The board unanimously approved the meeting agenda as amended; approved the Feb. 19, 2025 minutes; approved the Flatirons addendum for South Holly Street Manhole Exhibit Phase 2; ratified accounts payable of $100,695.46; accepted unaudited financial statements for Feb. 28, 2025; and adjourned the meeting. The May 6 election was canceled because only one self-nomination was filed.
