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

Minutes - Board of Supervisor's Meeting
March 4, 2022, 9:00 a.m.

Attending and constituting a quorum:

Rex Jensen Tony Chiofalo Scott Almand Jim Schier Ed Hunzeker

Also attending were:

Chair
Vice-Chair/Assistant Secretary Treasurer/Assistant Secretary Assistant Secretary
Assistant Secretary

Jane Gaarlandt Kourtney Dinkins Jennifer Glasgow Brent Wilder Kevin Plenzler Jonathan Johnson Anne Ross
Misty Taylor Brett Sealy Rob Engel Bob Simons

PFM Group Consulting LLC PFM Group Consulting LLC PFM Group Consulting LLC PFM Financial Advisors LLC PFM Financial Advisors LLC Hopping Green & Sams LWRSD
BMO MBS
Stanctec
SMR

(by phone) (by phone) (by phone) (by phone)

(by phone)

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

Mr. Jensen presented the consent agenda:

Consent Agenda

Minutes
February	4,	2022	Board	of Supervisors Meeting
Engineer's Report
Specific Authorization No. 133 Stantec
Services Associated with the Lakewood Ranch Stewardship District
Parcel J - Infrastructure Services
Change	Order	No.	113	Under Specific Authorization No. 91 Stantec

1

East-West Force Main and Water Main Extension Project
Change Order No. 1 C&M Road Builders, Inc.
Waterside Neighborhood 8 Retrofit Lift Station 10
Performance and Payment Bonds; Additional Bypass Pumping per County Utility Dept due to additional time or DEP Certification

On MOTION by Mr. Chiofalo, seconded by Mr. Schier, with all in favor, the Board of Supervisors of the

 Lakewood Ranch Stewardshi  District a	roved the items on the consent a enda.

THIRD ORDER OF BUSINESS	Business Matters

Acceptance and Approval of the September 30, 2021 Audited Financial Statements

Mr. Chiofalo provided highlights of the Fiscal Year 2021 audited financial statements.

On MOTION by Mr. Hunzeker, seconded by Mr. Almand, with all in favor, the Board of Supervisors of the Lakewood Ranch Stewardship District accepted and approved the September 30, 2021 Audited Financial Statements.

FOURTH ORDER OF BUSINESS	Consideration of Bid Award for Waterside Neighborhood 8, Phase 3
Award Recommendation Letter and Bid Tabulation
Resolution 2022-15, Award of Contract

Mr. Engel presented the presented the recommendation to award the contract for Waterside - Neighborhood 8, Phase 3 to C&M Roadbuilders Inc. for the total bid amount of $1,315,443.00.
Mr. Simons noted that the bid amount is withing the CIP.

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 2022-15, Award of Contract.

FIFTH ORDER OF BUSINESS	Status Report on Braden River Utilities (BRU)

Ms. Ross stated that based on internal discussions within SMR regarding the future of BRU, the District's water provider, as SMR may be looking to sell BRU it was determined that BRU would be a good fit for the District moving forward. Staff level investigations into possibly financing and how it could be evaluated by the Board has been initiated. Mr. Jensen provided additional insight noting that though he is convinced SMR can get a higher price in the marketplace he believes it would not be in the best interest of the residents and he is therefore open to see if the District is the right fit.
Mr. Johnson noted that Counsel at the staff level has had the opportunity to discuss with MBS and PFM in terms of process and next steps as to determining a fair value and bringing that to BRU and would be asking for the Boards authorization for staff to initiate that process. Mr. Johnson also confirmed that there was no conflict of interest with three SMR employees voting on this kind of transaction.

On MOTION by Mr. Almand, seconded by Mr. Schier, with all in favor, the Board of Supervisors of the Lakewood Ranch Stewardship District authorized the executive director and, either the chair or vice chair as needed, to commence the process to allow for the Lakewood Ranch Stewardship District Board to analyze and consider the acquisition of Braden River Utilities including the execution of standard funding agreements, work authorizations and contracts for engineering and financial advisory services and analysis, and such other actions as may be needed between meetings.

SIXTH ORDER OF BUSINESS

Mr. Almand presented for the Board's Consideration:

Financial Matters

Draw Requests

Requisition List for Draw No. 27
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. 27 for The Villages of Lakewood Ranch South.

Requisition List for Draw No. 51 Lakewood Centre & NW Sector 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. 51 for Lakewood Centre & NW Sector.

Requisition List for Draw No. 6 Northeast Sector
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. 6 for Northeast Sector- Pre-Funding.

Requisition List for Draw No. 7 The Isles at Lakewood Ranch Ph 2 Series 2021 Bond

Mr. Simons provided details.

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. 7, The Isles at Lakewood Ranch Ph 2.

SEVENTH ORDER OF BUSINESS	Compilation Report

There were no comments to the financial statements.

EIGHTH ORDER OF BUSINESS	Staff Reports

Attorney's Report -

Stormwater	Needs Memorandum
Legislative Update

Analysis

Mr. Johnson noted that Stantec will be providing a proposal to complete a stormwater needs analysis study mandated by new legislation.
Additional updates were provided, including details of the Amendment 12 Lobbying Ban.

Manager's Report - No report

Engineer's Report - Mr. Engel presented for the Board's consideration:
Change Order No. 7 Ryangolf Corporation Blue Lake Road

Add entrance to Lakehouse Cove; asphalt cross-section thickness changes; Sidewalk changes; and time extension

Mr. Engel answered questions from Mr. Jensen noting that the cost increase was due to re-classification of the road.

On MOTION by Mr. Chiofalo, seconded by Mr. Almand, with all in favor, the Board of Supervisors of the Lakewood Ranch Stewardship District approved Change Order No. 7, Ryangolf Corporation.

Change Order No. 2
Kissinger Campo & Associates Lakewood Ranch Boulevard Overpass over 1-75 Cattlemen Road
Time Extension
Change Order No. 2 Under Specific Authorization No. 1
Kissinger Campo & Associates Lakewood Ranch Boulevard Overpass over 1-75 Cattlemen Road
Project Development & Environmental (PD&D) Services

Mr. Simons provided additional details.

On MOTION by Mr. Chiofalo, seconded by Mr. Almand, with all in favor, the Board of Supervisors of the Lakewood Ranch Stewardship District approved Change Order No. 2 and Change Order No. 2 Under Specific Authorization No. 1, Ryangolf Corporation.

Executive Director's Report
Executed Documents

Ms. Ross presented a memo summarizing documents signed by her under the authority granted.

NINTH ORDER OF BUSINESS

There were no Supervisor requests.

TENTH ORDER OF BUSINESS

There were no audience comments.

ELEVENTH ORDER OF BUSINESS

Supervisor Requests

Audience Comments

Adjournment

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

On MOTION by Mr. Chiofalo, seconded by Mr. Almand, with all in favor, the Board of Supervisors of the

 Lakewood Ranch Stewardshi  District moved to ad·ourn the March 4, 2022 meetin	

Executive Director