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, December 2, 2019 at 12:30 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

FIRST ORDER OF BUSINESS

Chairman
Vice Chairman Assistant Secretary

District Manager District Counsel District Engineer Field Manager

Roll Call

Mr. Flint called the meeting to order, called the roll, and a quorum was present.

SECOND ORDER OF BUSINESS	Public Comment Period
Mr. Flint: There are no members of the public here to provide comment.

THIRD ORDER OF BUSINESS	Organizational Matters
A.		Consideration of Resignation and Appointment of Individual to Fulfill Board Vacancy
Mr. Flint: I don't believe we are ready to handle this item at this time. We will move on  to approval of minutes of the October 21st and November 4th meetings.

FOURTH ORDER OF BUSINESS	Approval of Minutes of the October 21,
2019 Meeting and November 4, 2019
Mr. Flint: Were there any comments or corrections to those minutes?
Mr. Morgan: They looked good to me.

On MOTION by Mr. Morgan, seconded by Mr. Register, with all in favor, the minutes of the Octol;Jer 21, 2019, and the November 4, 2019 meeting, were approved.

FIFTH ORDER OF BUSINESS	Consideration	of	Resolution	2020-04
Finalizing	Special	Assessments	and Securing the District's Series 2019 Bonds
Mr. d' Adesky: This is the finalization resolution that brings the assessments levied by the bonds in line with the final pricing of the bonds. So, they are brought down to the interest rate, and the particular amount that was issued.
Mr. Morgan: That's the $8,445,000?
Mr. d'Adesky: Yes.
Mr. Flint: Any questions on Resolution 2020-04 or the attached  Supplemental Assessment and Methodology?
Mr. Morgan: We reviewed all that previously.

On MOTION by Mr. Register, seconded by Mr. Morgan, with all in favor, the Resolution 2020-04 Finalizing Special Assessment and Securing the District's Series 2019 Bonds, were approved.

SIXTH ORDER OF BUSINESS	Consideration	of	Resolution	2020-05
Approving the Form Acquisition, Collateral Assignment, Completion and True-Up Agreements
Mr. d' Adesky: These are all standard documents. We are doing another acquisition agreement because the initial acquisition agreement we did only contemplated  2 million dollars in funding.

On MOTION by Mr. Register, seconded by Mr. Morgan, with all in favor, the Resolution 2020-05 Approving the Form Acquisition, Collateral Assignment, Completion and True-Up Agreement, was approved.

SEVENTH ORDER OF BUSINESS	Consideration	of	Resolution	2020-06
Amending the Fiscal Year 2019 Budget
Mr. Flint: Any time the total expenses exceed the total adopted budget year, we are required to amend it. Legal advertising, with the Bond Issue and the required assessment process,

was over budget. Basically we're recognizing $6,800 in additional developer contributions, and then adjusting the attorney and legal advertising line items. Any questions on that budget amendment?

On MOTION by Mr. Morgan, seconded by Mr. Register, with all in favor, the Resolution of 2020-06 Amending the Fiscal Year 2019 Budget, was approved.

EIGHTH ORDER OF BUSINESS
Attorney
Mr. Flint: Andrew, anything else?

Staff Reports

Mr. d'Adesky: No, these bonds should get issued shortly, and we should have  a requisition to us soon. When we do, we will process that expeditiously so that the bonds can be requisitioned off as quickly as possible.
Mr. Morgan: All that will happen after next week?
Mr. d'Adesky: We can already begin to reviewing the form because the form is included in the bond packets.

Engineer
Mr. Flint: Steve, anything?
Mr. Boyd: I'm just working on the first capital requisition that will be executed in conjunction with the bond issuance. It's going to be about $8 million dollar  capital.  Right now I'm working on the draft, it is a very rough draft of items that will be included which will exceed that amount right now. Obviously, we'll be adjusting it, so it doesn't' exceed the value of the  bonds issued.
Mr. d'Adesky: So, the construction fund itself $7.77 million.
Mr. Morgan: That's $2 million over?
Mr. Flint: Yes, all you need to do is to show another row with the difference being developer contribution. There's a $479,043 payment here, and then I see a $479,000 payment agam.
Mr. Morgan: Yes, it's showing up twice.
Mr. Boyd: I just got this from my assistant this morning. I'll go through it again.
Mr. Flint: We've got different payment numbers, but the amounts are the same.

Mr. Boyd: Oh, I see what we did. I'm sorry. That's my fault for not catching that before I forwarded that to you this morning.
Mr. d' Adesky: Just cc George on everything you send, so we are in the loop.
Mr. Flint: Yes, he needs to prepare the bills of sale or any deeds.
Mr. Boyd: We will have these numbers finalized and in your hands this week, Andrew.

District Manager's Report
Balance Sheet and Income Statement
Mr. Flint: You have the balance sheet and income statement for October. No action is required. If there are any questions we can discuss those.

Ratification of Funding Request #2
Mr. Flint: Part of the funding request is for FY19 and part of it is for FY20 and it totals
$13,523.83. It has already been transmitted to the developer under the funding agreement. We are just asking for the Board to ratify that.

On MOTION by Mr. Morgan, seconded by Mr. Register, with all in favor, the Funding Request #2, was ratified.

NINTH ORDER OF BUSINESS		Supervisor's Request & Audience Comments
Mr. Flint: Any other items the Board would like to discuss that's not on the agenda?
Hearing none,

TENTH ORDER OF BUSINESS
Mr. Flint: Is there a motion to adjourn?

Adjournment

On MOTION by Mr. Morgan, seconded by Mr. Register, with all in favor, the was meeting adjourned.

Secretary/Assistant Secretary