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

Minutes • Board of Supervisor's Meeting - by Telephonic Conferencing
May 1, 2020, 9:00 a.m.

Attending and constituting a quorum:

Rex Jensen Tony Chiofalo Scott Almand Ed Hunzeker Jim Schier

Also attending were:

Hank Fishkind Brent  Wilder Kevin Plenzler Jane Gaarlandt Jonathan Johnson Misty Taylor
Brett Sealy Rob Engel Mike Kennedy Louis Lawman Bob Simons Roger Aman Debbie Byerly Debbie Cooper
Robert Hedgecock Ed Vogler

Board Member Board Member Board Member Board Member Board Member

PFM Financial Advisors, LLC PFM Financial Advisors, LLC PFM Financial Advisors, LLC PFM Group Consulting LLC Hopping Green & Sams BMO
MBS
Stantec Stantec
SMR Development SMR
SMR SMR SMR
US Bank
Vogler Ashton, PLLC

FIRST ORDER OF BUSINESS	Call to Order and Roll Call

Ms. Gaarlandt called the meeting to order and proceeded with the roll call. The members in attendance are as outlined above.

There were no public comments.

SECOND ORDER OF BUSINESS	Administrative Matters

Consideration of Minutes of the April 3, 2020 Board of Supervisors Meeting

Mr. Jensen presented the minutes from the previous meetings and asked if there were any questions or comments.

On MOTION by Mr. Hunzeker, seconded by Chiofalo, with all in favor, the Board of Supervisors  of  the Lakewood Ranch Stewardshi  District a	roved the minutes of the A ril 3, 2020 Board of Su ervisors Meetin .

THIRD ORDER OF BUSINESS	Consideration	of	Resolution	2020-18, Appointing District Officers

1

Tabled

FOURTH ORDER OF BUSINESS	Consideration of Resolution 2020-19, Designating Date, Time and Location for a Landowners Meeting and Election

Mr. Johnson presented the Resolution.

On MOTION by Mr. Hunzeker, seconded by Chiofalo, with all in favor, the Board of Supervisors of the Lakewood Ranch Stewardship District approved Resolution 2020-19, Setting the Landowners Meeting and Election for November 3, 2020 at 9:00 a.m. at the SMR Offices.

FIFTH ORDER OF BUSINESS		Consideration	of	Resolution	2020-20, Regarding General Election

Mr. Johnson presented the Resolution noting the criteria of 10,000 residents had been met for one (1) seat transitioning to general election.

On MOTION by Mr. Chiofalo, seconded by Schier, with all in favor, the Board of Supervisors of the Lakewood
  Ranch Stewardshi District a	roved Resolution 2020-20, Re ardin General Election.

SIXTH ORDER OF BUSINESS	Business Matters

Consideration of Financing Matters Relative to the Taxable Series 2020 Refinancing Bonds, Lakewood Centre and NW Sector
Other	Matters	(provided	under separate cover)

Dr. Fishkind asked Mr. Sealy to provide updates on the financial market. Mr. Sealy noted that the team continues to monitor the market and is ready to take action once the market presents beneficial conditions.

SEVENTH ORDER OF BUSINESS

Consideration of Financing Matters Relative to the Series 2020 Refunding Bonds, Country Club East
Consideration of MBS Capital Markets, LLC IBA Supplement
other Matters (provided under separate cover)

Same as above.

EIGHTH ORDER OF BUSINESS

Consideration	of	Financing Relative to the Lorraine Lakes Series 2020 Bonds

Matters Project,

Same as above.

Presentation of Supplemental Engineer's Report (provided under separate cover)
Presentation of Supplemental Assessment Report (provided under separate cover)
Consideration of MBS Capital Markets, LLC IBA Supplement
Other Matters (provided under separate cover)

Mr. Sealy asked for the Board's consideration of the IBA Supplements.

On MOTION by Mr. Almand, seconded by Hunzeker, with all in favor, the Board of Supervisors of the Lakewood Ranch Stewardship District approved the MBS Capital Markets, LLC IBA Supplements as presented per items 6 and 7 of the aaenda.

NINTH ORDER OF BUSINESS	Consideration of Agreement between the District and Irrigation Design Associates, Inc. for Irrigation Installation Services and Materials (Rangeland Pkwy. Phase IV from Benito Court to Lorraine Road Irrigation Construction)

Mr. Lawman presented the agreement for a total amount of $110,177.50.

On MOTION by Mr. Chiofalo, seconded by Mr. Almand, with all in favor, the Board of Supervisors of the Lakewood Ranch Stewardship District approved the Agreement with IDA for Irrigation Installation Services and Materials.

Mr. Jensen noted that Mr. Hunzeker had initiated for him to discuss with the DOT and the County the possibility of the District funding and constructing a temporary signal as well as being the conduit to the permanent signal at the intersection of SR70 and White Eagle Blvd. in order get the signal up as soon as possible. The cost of the temporary signal is estimated at approximately $150,000 and for the permanent signal approximately
$1,100,000. The funding can be a temporary funding from SMR to the District and reimbursed to SMR once the District is reimbursed by the County.

On MOTION by Mr. Schier, seconded by Mr. Hunzeker, with all in favor, the Board of Supervisors of the Lakewood Ranch Stewardship District Authorized the Chair to work with SMR, DOT, and the County to
construct and fund a temporary as well as a permanent signal at the SR70 and White Eagle Blvd. Intersection based on reimbursement to the contractina oartv bv the Countv.

TENTH ORDER OF BUSINESS

Mr. Almand presented for the Board's Consideration:

Financial Matters

Draw Requests & Requisitions

Requisition List for Draw No. 17 Lakewood Centre & NW Sector Series 2018 Bond

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. 17 for Lakewood Centre & NW Sector.

Requisition List for Draw No. 10 Lakewood Centre North
Pre-Funding

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. 10, Lakewood Centre North - Pre-Funding.

Requisition List for Draw No. 34 Lakewood Centre South
Pre-Funding

On MOTION by Mr. Chiofalo, seconded by Mr. Schier, with all in favor, the Board of Supervisors of the Lakewood Ranch Stewardship District approved Requisition List No. 34 for Lakewood Centre South.

Requisition List for Draw No. 6
Lakewood National and Polo Run Projects Series 2017 Bond

On MOTION by Mr. Chiofalo, seconded by Mr. Schier, with all in favor, the Board of Supervisors of the Lakewood Ranch Stewardship District approved Requisition List No. 6 for Lakewood National and Polo Run Projects.

Requisition List for Draw No. 15 Northeast Sector
2017 Note

On MOTION by Mr. Chiofalo, seconded by Mr. Schier, with all in favor, the Board of Supervisors of the
uisition List No. 15 for Northeast Sector.
Requisition List for Draw No. 5
The Villages of Lakewood Ranch South Pre-Funding - 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 accepted the Construction Funding and approved payment of Requisition List No. 5 for The Villages of Lakewood Ranch South

ELEVENTH ORDER OF BUSINESS

No Report

TWELFTH ORDER OF BUSINESS

Compilation Report

Staff Reports

Manager's Report -
Ms. Gaarlandt noted for the record that as of April 15th, 2020 per the Supervisor of Elections Offices there are 11,153 registered voters in Manatee County and 425 registered voters in Sarasota County.

Attorney's Report - Mr. Johnson noted that District Counsel continues to monitor legislative matters.

Engineer's Report -
Mr. Engel presented for the Board's approval:	Change Order No. 82 Under Specific
Authorization No. 76 Staniec
Waterside Mate Utilities - Miscellaneous Services Project

On MOTION by Mr. Almand, seconded by Mr. Schier, with all in favor, the Board of Supervisors of the Lakewood Ranch Stewardship District approved Change Order No. 82 Under Specific Authorization No. 76, Stantec.

Proposal
Hardeman Kempton & Associates, Inc. Pine Warbler Place
Landscape Architectural Design Services

On MOTION by Mr. Chiofalo, seconded by Mr. Schier, with all in favor, the Board of Supervisors of the
  Lakewood Ranch Stewardship District approved Proposal from Hardeman Kempton & Associates, Inc.	

Mr. Engel noted that two pre-bid meetings were successfully conducted by phone conferencing this week.
Mr. Kennedy noted another pre-bid meeting for 2 landscape maintenance contracts were scheduled for the coming Monday.

Consent Agenda

Change Order No. 15

E.T. MacKenzie of Florida, Inc. 44th Ave East Phase V
Delineators added to tie-in to Lorraine Rd in lieu of placing stripling  per LWRS (ph  4 & 5). Clean & test elliptical storm sewer run installed by Woodruff & Sons at Lorraine perLWRSD

Change Order No. 5
RIPA & Associates, LLC Bourneside Blvd NorthPhase II
Removal of Off-Site Work from Contract

Change Order No. 2 Woodruff & Sons, Inc.
Lorraine Road Master Water Main
Install Double Thrust Block: County required gate valve added requiring additional earthwork, potable water, and force main

Change Order No. 3 Ryangolf Corporation
Uihlein Road Phase 3 with SR-64 FDOT Turn Lanes
Plan Changes Rev H: Asphaltic concrete, road base, subgrade, handicap Ramps, sidewalks, F curbs. Stockpiles and fill

Change Order No. 8-Final Woodruff & Sons, Inc.
Villages of Lakewood Ranch - Lakewood Ranch Blvd (Fruitville South)
Final Reconciliation

Change Order No. 1 SMR Farms, LLC
Lakewood Ranch Blvd. South Phase 2 Landscape Construction
Decrease in Contract price
Change in Contract Scope including eliminating shrubs and ground covers and revision of tree quantities to adjust  to minor changes in site conditions from plan

Change Order No. 2A SMR Farms, LLC
44th Av E. Lorraine Rd to Uihlein Rd
Decrease in Contract price
Additional Items procured for job per Louis Lawman
160 Juniper Parsonii, 284 Blue  my  mind Blue Daze, 169 Jasmine Confederate (from LWRSD stock), 14, 440sf Floratam installed Woodruff & Sons at Lorraine per LWRSD

On MOTION by Mr. Chiofalo, seconded by Mr. Almand, with all in favor, the Board of Supervisors of the Lakewood Ranch Stewardship District approved the Consent Agenda Items.

THIRTEENTH ORDER OF BUSINESS	Supervisor Requests

There were no Supervisor requests.

FOURTEENTH ORDER OF BUSINESS

There were no audience comments.

FIFTEENTH ORDER OF BUSINESS

Audience Comments

Adjournment

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

On MOTION by Mr. Chiofalo, seconded by Mr. Schier, with all in favor, the Board of Supervisors of the Lakewood Ranch Stewardshi District moved to ad·ourn the Ma 1, 2020 meetin .

n/Vice-Chairperson