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

Minutes - Board of Supervisor's Meeting
February 6, 2026, 9:00 a.m. Attending and constituting a quorum:

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

Chair
Vice-Chair/ 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 Brett Sealy Bob Simons Laura Cole Rob Engel Keith Litzell Scott Schuhle
Suzanne Henke

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 MBS
LWR Development LWR Marketing Stantec
Stantec US Bank 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
January 9, 2025 Board of Supervisors Meeting
Arbitrage Rebate Report
Special Assessment Revenue Bonds, Series 2020 (Northeast Sector Project - Phase 2C)
Project Completion and Assessment Finalization Resolutions
1

 2026-07, Lakewood Ranch Stewardship District Special Assessment Revenue Bonds, Series 2015 (Lakewood Centre North Project)
 2026-08, Lakewood Ranch Special Assessment Revenue Bonds, Series 20q6 (Village of Lakewood Ranch South Project)
Agreements between the District and Schroeder-Manatee Ranch, Inc. for Sale and Purchase
Engineer's Report
Change Order No. 3
Frederick Derr & Company, Inc. SR-64 & Uihlein Road
Remove Contaminated soils; Remove existing Utility Conduit; Damaged FDC control point: Relocate ARVs in conflict; Additional Survey to stake ROW and re-establish site control points; 2", 4", 6" owner conduits; TMS/MSB additional electrical power; FDC management fee
Change Order No. 7
Frederick Derr & Company, Inc. Bourneside Blvd Ph 1 - SE
Tax reductions for Utilities from CO#2; bourneside N regrading; Curb work; Sump Lake install
Change Order No. 4 RyanGolf Corporation Bourneside Ph 2 - SE Modifications to plan sheets - modifications to drainage to clear utilities; potable water return line
Change Order No. 155 Under Specific Authorization No. 137 Stantec
Masters Avenue and Bourneside Boulevard Roundabout Project
Plan / Permit Preparation; Permit Proecessing

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

roved the items on the consent a enda.

THIRD ORDER OF BUSINESS	Business Matters

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

Mr. Sealy noted that sign-off on offering documents is expected shortly. Pre-closing documents to be presented at next meeting.

FOURTH ORDER OF BUSINESS		Consideration of Wastewater Forcemain Upsizing Reimbursement Agreement between the District and Sarasota County (Toll Connector Road/Brightwater Drive Segment)

Ms. Ross provided details of the agreement noting it was the next step of the reimbursement agreement.

On MOTION by Mr. Stimart, seconded by Mr. Chiofalo, with all in favor, the Board of Supervisors of the Lakewood Ranch Stewardship District approved the Wastewater Forcemain Upsizing Reimbursement Aareement between the District and Sarasota County (Toll Connector Road/Brightwater Drive Segment).

FIFTH ORDER OF BUSINESS

Mr. Almand presented for the Board's Consideration:

Financial Matters Draw Requests
List for Draw No. 7 Lakewood Ranch Southeast Series 2025 Bond

On MOTION by Mr. Chiofalo, seconded by Mr. Hanbury, with all in favor, the Board of Supervisors of the Lakewood Ranch Stewardship District approved Draw No. 7- Lakewood Ranch Southeast- Series 2025 Bond.

Requisition List for Draw No. 16 SMR Taylor Ranch
Landowner Construction Funding Agreement

List for Draw No. 1 Calusa Project Series 2025 Bond

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. 1 - Calusa Project - Series 2025 Bond.

Requisition List for Draw No. 52 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. 52 - 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. 16 - SMR Taylor Ranch - Landowner Construction Funding Agreement.

SIXTH ORDER OF BUSINESS	Compilation Report

There were no comments to the financial statements.

SEVENTH ORDER OF BUSINESS	Staff Reports
Attorney's Report

Mr. Johnson provided legislative updates and reported that the headquarter bond validation hearing went well.

Manager's Report

Ms. Gaarlandt confirmed quorum for the March meeting.

Engineer's Report

Mr. Engel provided updates on upcoming construction projects.

Executive Director's Report

No additional report.

Next Meeting March 6, 2026

Executed Documents

EIGHTH ORDER OF BUSINESS	Supervisor Requests

Mr. Chiofalo noted that the FY25 draft audit report will be presented at the next meeting. NINTH ORDER OF BUSINESS	Audience Comments There were no audience comments.
TENTH ORDER OF BUSINESS Adjournment

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

 Lakewood Ranch Stewardshi  District moved to ad·ourn the Februa	6, 2026 meetin .	

&ssistant Secretary