MINUTES OF MEETING

STOREY PARK
COMMUNITY DEVELOPMENT DISTRICT

The  regular	meeting

of

the	Board

of

Supervisors

of

the

Storey

Park	Community

Development	District was held	on	Thursday, October 25, 2018 at 4:00		
					
GMS-CF, LLC, 135 W. Central Blvd, Suite 320, Orlando, Florida.		
Present and constituting a quorum were:		
Rob Bonin		Chairman		
Karen Morgan		Vice Chair by phone		
Lane Register		Assistant Secretary		
BenKraljev		Assistant Secretary		
Also present were:				
George Flint		District Manager		
Andrew d' Adesky		District Counsel		
Christina Baxter				
		Engineer by phone		
Michelle Barr		Lennar by phone		

p.m. at the Offices

of

FIRST ORDER OF BUSINESS	Roll Call	

with

Mr.	Flint called the	meeting to order and called the roll.  All Supervisors were present		
				
the				
exception of Mr. Adelman.		

SECOND ORDER OF

BUSINESS

Organizational Matters

Mr. Flint:

At

this point,

we

don't

have a resignation from Mr. Adelman, so we

don't

have a vacancy on the Board.

to a future agenda.

We

may

be receiving one from him,

and

if

we

do, we will add that

THIRD ORDER OF BUSINESS	Approval	of	Minutes	
	2018 Meeting		
Mr. Flint:  Did the				
Board have any comments on those?			

of

the  August  30,

On MOTION by Mr. favor the Minutes of as presented.

Register seconded by Mr. Kraljev with all in the August 30, 2018 Meeting were approved

October 25, 2018	Storey Park CDD		

FOURTH ORDER

OF

BUSINESS

Consideration	of	Audit	Committee	
Recommendation   and  Selection	of  #1	
Ranked   Firm	to	Provide	Auditing	
Services for Fiscal Year 2018			

Mr. Flint: The Board met as & Associates number one. We need

an Audit Committee prior to this a motion to accept this ranking.

meeting

and ranked Grau

On			
MOTION by Mr. Register seconded by Mr. Kraljev with all in	
favor	approving the ranking of Grau & Associates as the	number	
one ranked firm for auditing services was approved.		

FIFTH ORDER OF BUSINESS

Ratification
No.1

of

Series	2018	Requisition

Mr. Flint:  This	It's for the		
requisition is in your agenda.			
		Assessment Area 2 bonds, to be		
paid out of the Construction and Acquisition Account for		
		approximately $3.55 million to Lennar		
Homes, LLC.  It was				
executed by the Chairman and District		
		Engineer, submitted to the Trustee		
and has been paid.  The				
Board is not required to approve it in advance of it being funded, but as a		
practice,  we  like to  have  it ratified  so  it gets into the	record.   We  need a  motion to  ratify		
				
Requisition No. 1.				

On MOTION by Mr. Register seconded by Mr.

favor Requisition No. I as stated was ratified.

Kraljev

with

all in

Mr.

d'

Adesky:

George, do you know the balance

of

the Construction and Acquisition

Account?								
Mr. Flint:  There is about $100,000.						
Mr. d'	Adesky:  That							
	pretty much draws it out.  We definitely have some conveyances		
that we need to proceed with.   When we did the Bills	of Sale	associated with this, we got the		
							
improvements	moved over, but it seems there are	definitely  some tracts yet that need to  be		

conveyed as part of the final							
	turnover.  Then we will have a		bonds		
				completion for those series of			
that  removes  your  obligation  under  the  Completion  Developer,  which  is  the  developer's		
obligation and gets everything	transferred over to the District.	In general, we try to do those		
					
contemporaneous.  It seems at this point, the infrastructure for this series should be about done,		
in terms of what the District is going to take.  Christina is that fairly accurate that most	of the		
Assessment Area 2 infrastructure is complete?						

2

October 25, 2018

I

Storey Park CDD

	Ms. Baxter:  Yes.  The Phase	I	infrastructure is complete.	We are just waiting on the		

Certification of Completion and then	we can finalize the Bill	of Sale and everything else that		
goes with it.								
	Mr.	d'Adesky:  Okay.  Thank you.					
										
	Ms. Baxter:  You're welcome.							
	Mr.	Flint:	The Construction and Acquisition Account had $3.55 million and Requisition		
					
No.	1 is drawn down by $3.45 million, so there is about $100,000	remaining.	We will have		
										
another requisition, at least one more, to draw down the balance.					

SIXTH ORDER OF BUSINESS

A.	Attorney

Staff Reports

	Mr.	Flint:  Do you have				
			anything else, Andrew?		
	Mr.	d'Adesky:  No, that was it.	I am just putting on		
					
some conveyances coming down the pike.	I will get with		
with	Chuck	on	this or is it Kate?				

everyone's radar that there should be your Counsel. Are you still working

Mr.

Mr.

Kraljev:  It's Chuck.

d'Adesky:  I will get

with Chuck on this.

B.	Engineer

We

Mr. Flint:  Christina, do you have anything?

Ms. Baxter:	The only update I have is the Parcel L, Phase 2 plat

are getting close to the certification completion on Parcel L, Phase 1

has now been recorded. and subsequently, Phase

L,

Phase

2.

Mr.

Ms.

Flint:  Could you email

Baxter:	Sure.

us

copies

of

those plats,

if

you have PDF copies?

Mr. Flint:  We	had a								
		question for you on the ponds.						
Mr.	Kraljev:	Christine,  this  is	Ben.  We  are  working	on	turning	over  the  pond		

										
maintenance.  We									
	already turned over the lawn maintenance on a					
					number of the existing areas.  I		
emailed Nicole about the operating	permits, but I don't recall	if I	copied you	on that or not.		
								
Before we	turn the aquatics portion	over, we were trying to make sure that we were in good		
					
shape.										

Ms. Baxter:

Mr. Kraljev:

So we need to Correct.

get the

transfers

over

to

the CDD for those ponds.

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October 25, 2018	Storey Park CDD		

Ms.

Mr.

Baxter:  Okay.

Kraljev:	Thank you.

C.

District Manager's Report		
i.	Approval of Check Register		

Mr.  Flint:   You have the Check Register from  August 24, 2018 through October 18,		
2018, totaling $49,504.87.  Are there any questions on the Check	If not, we need a		
	Register?			
motion to approve it.				
On	Register			
MOTION by Mr.				
	seconded by Mr. Kraljev with all in		
favor the check register was approved.			

ii.

Balance Sheet and Income Statement

	Mr. Flint:	Then we have the Unaudited Financial Statements through September 30	th.		
						
No action is required by the	Board, but	if you have any questions we can discuss those.  It	is		
									
pending any audit adjustments								
					during the audit.  It should fairly					
								closely reflect where we will be		
at the end of Fiscal Year 2018.	There is a schedule in here for the Assessment Area 1 Series		
								
2015 bonds,	which starts on Page 10 and on Page	12 is the one for Assessment Area 2.  It doesn't		
					
show Requisition No. 1 funded yet because this was through September 30	and that requisition		
									th				
was	actually  paid at the  beginning of	October.	Are  there  any	questions	on the  financials?		

Hearing none,											
SEVENTH ORDER OF BUSINESS		Supervisor's Requests				
	Mr. Flint:	Is there	anything else that was not on the agenda that the Board wants to		
						
discuss or that anyone on the phone wants to discuss?					
	Ms. Barr:	I'm good.										

Mr.

Flint:

If

not, we

need a motion to adjourn.

4

October 25, 2018

EIGHTH ORDER OF BUSINESS

Storey Park CDD

Adjournment

On MOTION by favor the meeting

Mr.
was

Register seconded adjourned.

by

Mr.

Kraljev with all

in

Secretary/Assistant Secretary	Chairman/Vice Chairman	

5