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In the Spring of 2026, there will be two additional "bumps" of Fluridone at 2 PPB each. The two <br />subsequent bumps will occur two weeks after the ice melts, and then 30 days after the initial spring <br />bump, and will complete our "full bay" treatment that we start late this fall. Treatments will be done by <br />PLM, a professional, trained and insured contractor, very familiar with our bay. Property owners will be <br />notified when treatments occur. <br />A Point -Intercept (PI) survey and Delineation Study will be conducted by Freshwater Scientific to track <br />efficacy of AIS mitigation and native plant growth. <br />The total Budget for 2026 is $24,634 (reference handout), which falls within our estimated budget. The <br />Board forecasts expenses of $16,225 to manage the two known aquatic invasive plants (CLP and EWM) <br />and $6,490 for post -treatment surveys which will inform our AIS treatment plans for the subsequent <br />year. Additional administrative expenses are forecasted at $1,919. <br />The revenue required to cover the forecasted budget translates to a Levy of $2.36 per lineal foot of <br />lakeshore for the 2026 tax year for each of the 68 District properties (reference handout). Lineal foot <br />measurements were provided by the Hennepin County Assessor's Office on August 6, 2025. A straight- <br />line measurement was used to determine lake shore, which in some cases may be different than <br />lakefront noted for home value tax purposes. Any questions about your measured lakeshore can be <br />addressed to the Hennepin County Assessor's Office. <br />Chair asks for a motion from a Director Motion to Approve the 2026 Annual Budget dated <br />August 27, 2025, with revenues of $24,693 via tax proceeds of $2.36 per lineal foot and <br />expenditures of $24,634. <br />Open for discussion. Discussion or corrections offered. Restate motion. All Property Owners (1 <br />per property) in favor... all opposed ... any abstain? Chair announces MOTION Passed <br />unanimously. <br />C. Property Owners for vote to Approve proposed 2026 projects by the district having a cost to the <br />district in excess of $5,000. <br />The district requires property owner approval on projects having a cost in excess of $5,000. The district <br />has one public project of controlling, when reasonably achievable, Aquatic Invasive Species in Stubbs <br />Bay. The 2026 budget represents that one project. <br />Chair asks any Director to put forth a Motion to Approve the District's 2026 public project of <br />controlling, when reasonably achievable, Aquatic Invasive Species in Stubbs Bay. The district's <br />2026 forecasted project expenses are $24, 634. Ask for Second. <br />Open for discussion. Discussion or corrections offered. Restate motion. All Property Owners, in <br />favor... all opposed.. any abstain? Chair announces MOTION Passed unanimously. <br />D. As required by our governing documents, the Board of Directors is required to propose a levy <br />including the proposed distribution of such levy among the Property Owners. <br />100 <br />