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

Minutes - Board of Supervisor's Meeting
January 9, 2026, 9:00 a.m.

Attending and constituting a quorum:

Rex Jensen Tony Chiofalo John Gleeson Tryn Stimart Bob Hanbury
Also attending were:

Chair
Vice-Chair/ Assistant Secretary Assistant Secretary
Board Member Assistant Secretary

Jane Gaarlandt Gazmin Kerr Jennifer Glasgow Brent Wilder Kevin Plenzler Jonathan Johnson Anne Ross Heather Ross Scott Almand Misty Taylor
Sete Zare Bob Simons Tracy Caridi Rob Engel Keith Litzell
Suzanne Henke Asrael Arteaga

PFM Group Consulting LLC PFM Group Consulting LLC PFM Group Consulting LLC PFM Financial Advisors PFM Financial Advisors Kutak Rock
LWRSD LWRSD LWR BMO MBS
LWR Development LWR Development Stantec
Stantec• Public Public

(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. The members in attendance are as outlined above.

Public Comments
There were no public comments.

SECOND ORDER OF BUSINESS	Administrative Matters Consent Agenda

Mr. Jensen presented the consent agenda:

Minutes
December 5, 2025 Board of Supervisors Meeting
Agreements between the District and
Cepra Landscape, LLC for Landscape Maintenance Services:
44th Ave (Lorraine to Uihlein)

44th Ave (Uihlein to Bourneside)
Academic & Lighterwood Trail
Bourneside East (Masters to University)
Bourneside Taylor (SR 64 to Calusa Country Club)
Rangeland (Lorraine to Uihlein)
Rangeland	(Uihlein	to Bourneside)
Rangeland Taylor (Bourneside to District Boundary)
Uihlein Road
Waterside Park
44th Ave Taylor (Bourneside to District Boundary)
Memorandum Regarding Doug Manson,
PA Services
Engineer's Report
Change Order No. 3 Garney Construction Inc. Lorraine Road Utilities Founders Club Fence replacement
Change Order No. 19
RIPA & Associates, LLC Bourneside Blvd Widening w/3 Roundabouts/ Reclaimed WM & Booster Pump Station
Repair to curb and sidewalk damaged by landscapers and credit given to SMR for sod and seed and mulch
Change Order No. 16
Frederick Derr & Company, Inc. Taylor Ranch E Landscape Buffer Project, 44th Avenue East Phase VI
Deductive CO from Permacast - removing painting berm wall from scope

On MOTION by Mr. Chiofalo, seconded by Mr. Stimart, 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

Tabled to the March meeting. FOURTH ORDER OF BUSINESS

Business Matters

Consideration of Financing Matters Relative to the Saddlestone (Taylor Ranch) Project, Series 2025 Special Assessment Revenue Bonds
Other Matters (provided under separate cover)

Consideration of Contract Recommendation for Shellstone Trail Project

Award Recommendation Letter and Bid Tabulation

Resolution 2026-06, Award of Contract

Mr. Engel provided details recommending awarding the contract to Woodruff & Sons for the total bid amount of
$1,973,492.63, within budget. Funds for the project are available in the budget. Mr. Engel noted a typo on the tabulation sheet referencing a previous project.

On MOTION by Mr. Chiofalo, seconded by Mr. Hanbury, with all in favor, the Board of Supervisors of the Lakewood Ranch Stewardship District approved Resolution 2026-06, Award of Contract to Woodruff & Sons in the amount of $1, 973,492.63.

FIFTH ORDER OF BUSINESS

Mr. Almand presented for the Board's Consideration:

Financial Matters Draw Requests
Requisition List for Draw No. 15 SMR Taylor Ranch
Landowner Construction Funding Agreement

On MOTION by Mr. Chiofalo, seconded by Mr. Stimart, with all in favor, the Board of Supervisors of the Lakewood Ranch Stewardship District approved Draw No. 15 - SMR Taylor Ranch - Landowner Construction Funding Agreement.

List for Draw No. 6 Lakewood Ranch Southeast Series 2025 Bond

On MOTION by Mr. Chiofalo, seconded by Mr. Gleeson, with all in favor, the Board of Supervisors of the Lakewood Ranch Stewardship District approved Draw No. 6 - Lakewood Ranch Southeast - Series 2025 Bond.

Requisition List for Draw No. 71 Villages of Lakewood Ranch South
Landowner/County Construction Funding Agreement

On MOTION by Mr. Chiofalo, seconded by Mr. Stimart, with all in favor, the Board of Supervisors of the Lakewood Ranch Stewardship District approved Draw No. 71 -Villages of Lakewood Ranch South, Landowner/County Construction Funding Agreement.

Requisition List for Draw No. 51 Northeast Sector	- Landowner Construction Funding Agreement

On MOTION by Mr. Chiofalo, seconded by Mr. Stimart, with all in favor, the Board of Supervisors of the Lakewood Ranch Stewardship District approved Draw No. 51 - Northeast Sector - Landowner Construction Funding Agreement.

SIXTH ORDER OF BUSINESS	Compilation Report
There were no comments to the financial statements.

SEVENTH ORDER OF BUSINESS

Attorney's Report

Staff Reports

Update on Headquarters Bond Validation Legislative Update

Mr. Johnson noted that the legislative session will start next week and the Capitol Conversations news letter will be distributed on a regular basis. Counsel continues to monitor bills, particularly the sovereign immunity bill increasing limits. Another bill filed provides for the ability for certain special districts to recall elected board members elected by qualified electorate, only applies to community development districts. A big issue being monitored is property tax reform and whether proposed legislation would impact the Stewardship District's ability to collect assessment via the uniform method. Presently none of the bills filed would adversely impact the District's ability to continue collecting assessment via the uniform method.
Mr. Johnson handed out a break-down provided by Staff of the previously approved estimated cost of not-to-exceed $15,000,000 for the District's Headquarter Facilities to be included in the joint stipulation and asked for the Board's approval of the break-down as a conceptual plan with the understanding that changes can be made within the categories.
Ms. Ross noted that she and Mr. Simons compared cost of similar projects for the cost estimate break-down. Mr. Johnson stated that this bond validation is an additional category to the original bond validation and there is no legal mechanism or obligation to reduce the existing categories as long as the overall cap is not exceeded.

On MOTION by Mr. Stimart, seconded by Mr. Hanbury, with all in favor, the Board of Supervisors of the Lakewood Ranch Stewardship District approved the inclusion of the estimated cost break-down as a conceptual plan in the joint stipulation.

Manager's Report - No Report

Engineer's Report

Change Order No. 1
E.T. MacKenzie
LWR Southeast Off-site Utilities
Owner Direct Material Purchase contract with Core & Main

Mr. Engel provided details of the deductive change order in the amount of $3,982,649.37 / owner direct purchase agreement, saving $225,432.98 in taxes.

On MOTION by Mr. Chiofalo, seconded by Mr. Gleeson, with all in favor, the Board of Supervisors of the Lakewood Ranch Stewardship District approved Change Order No. 1, E.T. MacKenzie.

Change Order No. 4 Garney Construction Inc. Lorraine Road Utilities
USACE Permit restriction impacts -	24 days added
Mr. Engel noted presented the Change Order in the amount of $398,593.45.

On MOTION by Mr. Hanbury, seconded by Mr. Gleeson, with all in favor, the Board of Supervisors of the Lakewood Ranch Stewardship District approved Change Order No. 4, Garney Construction Inc.

Executive Director's Report	Executed Documents

Mr. Ross provided updates on the Fruitville PONE study being conducted on behalf of Sarasota County. The RFQ will be advertised on January 12th with responses due by February 12th and presented to the Board at the March meeting. Mr. Jensen provided background information for the project.

Ms. Ross noted that of the almost $1,600,000 reimbursement requested from FEMA for Hurricane Milton over 5 categories, payment for 3 of those categories in the amount of $170,424.58 was received.
EIGHTH ORDER OF BUSINESS	 Supervisor Requests Mr. Gleeson complimented the team that put together the Lakewood Ranch book. NINTH ORDER OF BUSINESS	Audience Comments

Ms. Henke inquired about plans for replacing a stand of trees in the median strip on 44th Avenue that sustained wind damage due to Hurricane Milton and was removed. Additionally, grasses in the median are impacting the line of sight. Ms. Ross responded that replanting from the storm is ongoing and will reach out to Ms. Henke for the exact location. Mr. Jensen asked that the line-of-sight issue be looked into, as well.

Mr. Arteaga introduced himself as the newly elected HOA board president for Savannah at Lakewood Ranch.. Mr. Jensen offered to meet with Mr. Arteaga.
TENTH ORDER OF BUSINESSAdjournment

On MOTION by Mr. Gleeson, seconded by Mr. Stimart, with all in favor, the Board of Supervisors of the
 Lakewood Ranch Stewardshi District moved to ad·ourn the Janua	9, 2026 meetin .	

y/Assistant Secretary

Executive irector