MINUTES OF MEETING STOREY CREEK
COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the Storey Creek Community Development District was held Monday, August 5, 2019 at 12:40 p.m. at the Oasis Club at ChampionsGate, 1520 Oasis Club Blvd., Championsgate, Florida 33896.

Present and constituting a quorum were:

Adam Morgan Lane Register Rob Bonin

Also present were:

George Flint Andrew d' Adesky Steve Boyd
Alan Scheerer Nora Schuster

FIRST ORDER OF BUSINESS

Chairman
Vice Chairman Assistant Secretary

District Manager District Engineer
Interim District Engineer GMS
Lennar Homes

Roll Call

Mr. Flint called the meeting to order and called the roll.

SECOND ORDER OF BUSINESS	Public Comment Period
Mr. Flint opened the meeting up for public comment period. There being none, the next item followed.

TIDRD ORDER OF BUSNESS	Organizational Matters
Administration of Oaths of Office to Newly Elected Supervisors
Mr. Flint: We have three board members that I will administer the Oath of Office to. As citizens of the State of Florida and of the United States of America and as officers of the Storey Creek Community Development District, do you hereby solemnly swear or affirm you will support the Constitution of the United States and of the State of Florida?
Mr. Morgan: I do.
Mr. Bonin: I do.

Mr. Register: I do.
Mr. Flint: Thank you, welcome to the Board. Since you are on other boards, I won't go over everything. We have provided you with information on Community Development Districts and with information on being a public official. We have also provided you with a copy of Chapter 190 of the Florida Statutes.

Consideration of Resolution 2019-15 Canvassing and Certifying the Results of the Landowners' Election
Mr. Flint: Resolution 2019-15 canvasses and certifies the results of the landowners' election and we fill in the 5 individuals that were elected; Mr. Bonin, Mr. Morgan, Mr. Register, Mr. Catanzariti, Mr. Lewellen. Mr. Bonin and Mr. Morgan received 300 votes and Mr. Register, Mr. Catanzariti, and Mr. Lewellen received 299 votes.

On MOTION by Mr. Morgan seconded by Mr. Register with all in favor, Resolution 2019-15 Canvassing and Certifying the Results of the Landowners' Election, was ratified.

Election of Officers
Mr. Flint: Previously, Mr. Morgan was Chairman, Mr. Bonin was Vice Chairman, and the other three supervisors were Assistant Secretaries. I was an Assistant Secretary and Ariel Lovera was Treasurer.

Consideration of Resolution 2019-16 Electing Officers
Mr. Flint: Do you want to keep the previous offices?
Mr. Morgan: That's perfect.

On MOTION by Mr. Morgan seconded by Mr. Register with all in favor, Resolution 2019-16 Electing Officers, was approved.

FOURTH ORDER OF BUSINESS	Approval of Minutes of the July 1, 2019
Meeting
Mr. Flint: Are there any comments, corrections, or question on the July 1, 2019 Minutes.
Mr. Morgan: They look accurate.

On MOTION by Mr. Morgan seconded by Mr. Register with all in favor, the Minutes of the July 1, 2019 Meeting were approved, as presented.

Mr. Sheerer: For the record, as part of the organizational matters section of the agenda we are going to amend the agenda to add two additional resolutions. We are adding Resolution 2019- 19 and 2019-20 to declare assessments on two separate areas.

FIFTH ORDER OF BUSINESS	Ranking	of	Proposals	for	District
Engineering Services and Selection of District Engineer
Mr. Flint: Under the Consultants Competitive Negotiation Act we are required to bid these services out. We received one response from Boyd Civil Engineering. When you only receive one bid you have the ability to reject and rebid or accept the proposal.

On MOTION by Mr. Register seconded by Mr. Morgan with all in favor, the Ranking of Proposals for District Engineering Services and Selection of District Engineer Boyd Civil Engineering, was approved.

SIXTH ORDER OF BUSINESS	Financing Matters - Item Revised
Assessment Area 1
Consideration of Engineer's Report
Mr. Flint: The desire is to break the District up into two assessment area and impose assessments separately on each area. It is anticipated that there will be two separate bond issues. Assessment Area 1, you have a consideration of Engineer's Report, a Master Assessment Methodology, and the two resolutions that Andrew referenced. We would go through the same process for Assessment Area 2. On page two of the Engineer's Report you can see the acres of each area and the proposed development plan for each area. On page 5, Steve broke out the probable cost estimates for district infrastructure in both areas.
Mr. Boyd: Table 1 is a summary of the land areas included in each Assessment Area. The boundary between to two Assessment Areas is on a large open stormwater tract, so that can be adjusted without affecting the units. The units will be fixed. Table 2 provides the lot mix for each

area and the lot totals. Table 3 provides the Engineer's opinion of probably cost. Are there any questions?
Mr. Morgan: So, we are doing Phase 1, Phase 2B?
Mr. Boyd: Phase 1 then Phase 2A.
Mr. Morgan: I see that now, then 2B.

Consideration of Master Assessment Methodology for Assessment Area 1
Mr. Morgan: Lane, are those unit numbers correct?
Mr. Register: Yes, they are appropriate.
Mr. Flint: This information came out of the Engineer's Report. Table 2 is the development plan. Table 3 is the bond sizing, and this assumes we are going to fund 100% of the infrastructure. These are conservative bond assumptions on interest rates and capitalized interest. Table 4 breaks up the costs per unit. Table 5 is the par debt per unit of$51,306. We don't anticipate we are going to issue that much. You have the preliminary assessment roll, it's showing all the units paying the same understanding that when we get the product type break down that will vary. Are there any questions on the methodology?

Consideration of Resolution 2019-17 Declaring Special Assessments
Mr. d' Adesky: Resolution 2019-17 approves the engineer's report and the methodology provided.

On MOTION by Mr. Morgan seconded by Mr. Register with all in favor, Resolution 2019-17 Declaring Special Assessments, was approved.

Consideration of Resolution 2019-18 Setting a Public Hearing for Special Assessments
Mr. d' Adesky: This resolution sets the public hearing.
Mr. Flint: We are suggesting holding the meeting at the October 7th meeting at our current location at 12:30 p.m.

On MOTION by Mr. Morgan seconded by Mr. Register with all in favor, Resolution 2019-18 Setting a Public Hearing for Special Assessments on October 7th at the Oasis Club at ChampionsGate at 12:30 p.m., was approved.

Assessment Area 2
Consideration of Engineer's Report
Mr. Flint: Assessment Area 2 Engineer's Report is the same as Assessment Area 1.

Consideration of Master Assessment Methodology for Assessment Area2
Mr. Flint: The only different in the Methodologies is that Assessment Area 2 is a little small. There are 482 units in this area.

Consideration of Resolution 2019-19 Declaring Special Assessments
Mr. D' Adesky: Resolution 2019-19 declares Special Assessments for Assessment Area 2.

On MOTION by Mr. Morgan seconded by Mr. Register with all in favor, Resolution 2019-19 Declaring Special Assessments, was approved.

Consideration of Resolution 2019-20 Setting a Public Hearing for Special Assessments
Mr. d' Adesky: The public hearing would take place on October 7th, 2019 at 12:30 at the Oasis Club.

On MOTION by Mr. Register seconded by Mr. Morgan with all in favor, Resolution 2019-20 Setting a Public Hearing for Special Assessments on October 7th, 2019 at 12:30 at Oasis Club at ChampionsGate, was approved.

SEVENTH ORDER OF BUSINESS	Acceptance	of	Utility	Conveyances	-
Added
Mr. Flint: A new item, number eight, was added to the agenda.
Mr. Scheerer: I provided the conveyance information as well as the final form of the Acquisition Agreement. This confirms that Lennar is able to get reimbursed for everything they are transferring to Toho.

On MOTION by Mr. Morgan seconded by Mr. Register with all in favor, the Utility Conveyances were accepted.

EIGHTH ORDER OF BUSINESS	Staff Reports
Attorney
Mr. d' Adesky: The Validation Complaint is filed. After they've finished the assessment process, we will probably amend the complaint to add the assessment if they haven't ended the case before then to protect the assessments.

Engineer
Mr. Boyd: I have nothing further to report.

District Manager's Report
There being none, the next item followed.

NINTH ORDER OF BUSINESS	Supervisor's Requests
Mr. Flint: Are there any other requests? Hearing none, we will move on.

TENTH  ORDER OF BUSINESS	Adjournment
Mr. Flint adjourned the meeting at 12:51 p.m.

On MOTION by Mr. Morgan seconded by Mr. Register with all in favor the meeting was adjourned at 12:51 p.m.

Secretary/Assistant Secretary