LAKEWOOD RANCH STEWARDSHIP DISTRICT
Schroeder-Manatee Ranch, Inc.
14400 Covenant Way, Lakewood Ranch, Florida 34202

Minutes - Board of Supervisor's Meeting
August 14, 2019, 9:00 a.m. Present and constituting a quorum:

Rex Jensen Tony Chiofalo Scott Almand Ed Hunzeker Jim Schier
Also present were:
Hank Ftshkind Jonathan Johnson Misty Taylor
Brett Sealy Rob Engel Deborah Byerly Pat Neal

Board Member Board Member Board Member Board Member Board Member

PFM Financial Advisors, LLC Hopping Green & Sams BMO
MBS
Stantec SMR
NEAL Communities

FIRST ORDER OF BUSINESS	Call to Order and Roll Call
Dr. Fishkind called the meeting to order and proceeded w,th the rofl call. The members in attendance are as outlined above.
There were no public comments.

SECOND ORDER OF BUSINESS

Business Matters
Consideration of Matters Relative to the Indigo Project (Second Expansion Area), Series 2019 Bond Issuance
Public Hearing on the Imposition of Special Assessment for Indigo (Second Expansion Parcel)
Public Comments
Board Comments
Consideration of Resolution 2019- 39, Imposing Special Assessment for Indigo (Second Expansion Parcel)
Resolution 2019-40, Delegation Resolution
24th Supplemental Indenture
Bond Purchase Contract
Preliminary Limited Offereing Memorandum
Continuing Disclosure Agreement
Other Matters (provided under separate cover)

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On MOTION by Mr. Chiofalo, seconded by Mr. Almand, with all in favor, the Board of Supervisors of the
  Lakewood Ranch Stewardshi District o ened the ublic hearin .
There were no comments from the public.

On MOTION by Mr. Chiofalo, seconded by Mr. Schier, with all in favor, the Board of Supervisors of the Lakewood Ranch Stewardshi District closed the ublic hearin .
Mr. Johnson asked to Fishkind to confirm for the record that the assessment methodology as presented today is substantially the same as the one previously considered when setting today's hearing. Dr. Fishkind confirm that no changes had been made to the report and further confirmed that the assessments are fairly and reasonably apportioned and that the benefit from the Project is greater than the burden of the assessments being placed on the land. Mr. Johnson provided details of Resolution 2019-39.

On MOTION by Mr. Schier, seconded by Mr. Almand, with all in favor, the Board of Supervisors of the Lakewood Ranch Stewardship District approved Resolution 2019-39, Imposing Special Assessments for Indigo (Second Exoansion Parcel).

Ms. Taylor provided details of the Delegation Resolution.

On MOTION by Mr. Chiofalo, seconded by Mr. Almand, with all in favor, the Board of Supervisors of the Lakewood Ranch Stewardshi District a	roved Resolution 2019-40, Dele ation Resolution.	
There were no other matters to discuss. Pre-closing is anticipated following the September 6th meeting.
THIRD ORDER OF BUSINESS		Consideration of Resolution 2019-41, Approving Conveyance from FOOT for Stormwater Pond

Mr. Johnson distributed Resolution 2019-41 and provided details of the resolution relative to expansion of the pond.

On MOTION by Mr. Chiofalo, seconded by Mr. Almand, with all in favor, the Board of Supervisors of the Lakewood Ranch Stewardshi District a	roved Resolution 2019-41, Conve ance of Stormwater Pond.	
FOURTH ORDER OF BUSINESS		Consideration of Amended and Restated Funding Agreement between the District and SMR Northwest Land, LLC (provided under separate cover)

Mr. Johnson presented the amended agreement. Mr. Chiofalo provided details.

On MOTION by Mr. Chiofalo, seconded by Mr. Almand, with all in favor, the Board of Supervisors of the Lakewood Ranch Stewardshi a	roved the Amended and Restated Fundin A reement.

FIFTH ORDER OF BUSINESS

Mr. Almand presented for the Board's Consideration:

Financial Matters
Draw Requests & Requisitions

Requisition List for Draw No. 1 Lakewood Centre North
Landowner/County Construction Funding Agreement

On MOTION by Mr. Chiofalo, seconded by Mr. Schier, with all in favor, the Board of Supervisors of the Lakewood Ranch Stewardship District approved Draw No. 1 for Lakewood Centre North - Landowner/County Construction Funding Agreement.

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SIXTH ORDER OF BUSINESS	Staff Reports
Manager's Report - Dr. Fishkind noted that Staff is working through options for refinancing of Country Club East, Series 2006 Bonds
Attorney's Report - No report
Engineer's Report - No report

SEVENTH ORDER OF BUSINESS
There were no Supervisor requests
EIGHTH ORDER OF BUSINESS
There were no Audience Comments
NINTH ORDER OF BUSINESS

Supervisor Requests

Audience Comments

Adiournment

Mr. Jensen asked for a motion to adjourn the meeting.

On MOTION by Mr. Schier, seconded by Mr. Chiofalo, with all in favor, the Board of Supervisors of the Lakewood Ranch Stewardshi District moved to ad'ourn the Au ust 14, 2019 meetin .

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