MINUTES OF MEETING ASTONIA
COMMUNITY DEVELOPMENT DISTRICT

The Regular meeting of the Board of Supervisors of the Astonia Community Development District was held Wednesday, March 26, 2020 at 1:00 p.m. at 4900 Dundee Rd., Winter Haven, Florida.

Present and constituting a quorum:

Reggie Baxter
Brian Walsh via phone Milton Andrade Halsey Carson
Also present were: Jill Burns
Michelle Rigoni via phone Roy Van Wyk via phone Dennis Wood via phone

FIRST ORDER OF BUSINESS

Chairman
Vice Chainnan Assistant Secretary Assistant Secretary

Dislricl Manager, GMS Hopping Green & Sams Hopping Green & Sams
Wood & Associates Engineering

Roll Call

Ms. Burns called the meeting to order and called the roll. A quorum was present.

SECOND  ORDER OF BUSINESS	Public Comment Period There were no members of the public present for the meeting.

THIRD ORDER OF BUSINESS	Public Hearing

On MOTION by Mr. Baxter, seconded by Mr. Andrade, with all in favor. to OPEN Public Hearing on the Imposition of Special Assessments, was approved.

Public Hearing on the Imposition of Special Assessments

Ms. Burns noted that the public hearing was noticed by publication and mailed notices in accordance witl1 Florida law.

Presentation of Engineer's Report
Mr. Wood presented the Engineer's Report for the Astonia COD. The district contains approximately 159.93 acres and 681 single family lots. The Engineer's Report gives the construction cost estimates for the infrastructure of the project and is shown on Exhibit 'T. It will all be done in one phase and the total cost estimated is $18, l 00,000. That cost includes offsite improvements, stormwater management, master sanitary, sewer, lift station and utility, entry features, landscaping, signage, and parks and recreational facilities.
Ms. Rigoni asked Mr. Wood if the cost estimates were reasonable and just for the project of the size and scope. Mr. Wood answered yes. Ms. Rigoni asked Mr. Wood if there was any reason to believe the district could not caJTy out the improvements in the report. Mr. Wood answered no.

Presentation of A sessment Methodology
Ms. Bums presented the Assessment Methodology. She noted that the report allocates debt to properties that benefit from the Capital Improvement Plan. The Assessment Methodology will be supplemented with one or more methodologies to reflect the actual terms of the bonds once they are ready to issue. Table I shows the Land Development Program with 289 40' lots with an ERU of .8 and 392 50' lots with an ERU of I for a total of 681 units. Table 2 shows the Capital Improvement Plan cost estimates that are included in the Engineer's Report for $18.I million. Table 3 shows a bond sizing of $23,500,000 in order to generate that construction fund of
$18, I 00,000. Table 4 shows an allocation of the improvement cost per unit. Table 5 shows the par debt for each product type. The par debt for the 40' lots is $30,167 and the par debt for the 50' lots is $37,709. Table 6 shows the net and gross annual assessment amount per unit. For the 40' lot the net assessment is $2,192 and for the 50' lot it is $2,739. Table 7 shows the preliminary assessments roll and the debt allocated per acre for the parcels within the community. The board had no questions on the Assessment Methodology.
Ms. Rigoni asked Ms. Burns if the lands subject to the special assessments receive special benefits from the Capital Improvement Plan. Ms. Burns answered yes they do. Ms. Rigoni asked Ms. Burns if the special benefits equal or exceed the special assessments to be levied. Ms. Burns

answered yes. Ms. Rigoni asked Ms. Bums if the special assessments were reasonably apportioned among the land in accordance with the Methodology. Ms. Burns answered yes. Ms. Rigoni asked Ms. Burns if it was reasonable, proper, and just to assess the costs of the Capital Improvement Plan against the lands in accordance with the Methodology. Ms. Burns answered yes. Ms. Rigoni asked Ms. Burns if it was in the best interest of the district that the special assessments be collected in accordance with the methodology and the assessment resolutions. Ms. Bums answered yes.

Consideration of Resolution 2020-36 Levying Special Assessments
Ms. Burns explained the findings that the resolution provides. The Capital Improvements will constitute a special benefit to all the parcels within the property. The Capital Improvement Plan is fairly and reasonably apportioned. The assessments provide a special benefit to the parcels that benefit from that improvement plan.

On MOTION by Mr. Baxter, seconded by Mr. Andrade, with all in favor, Resolution 2020-36 Levying Special Assessments, was approved.

Ms. Burns asked if the Board members had any questions, hearing none.

Consideration of Notice of Special Assessments

On MOTION by Mr. Andrade, seconded by Mr. Baxter, with all in favor, the Notice of Special Assessments, was annroved.

Ms. Burns noted that this will be recorded so that potential property owners will know that there is a lien on the property and be on notice that there are assessments on that property in accordance with Florida law and the assessment resolution.

On MOTJ ON by Mr. Baxter, seconded by Mr. Andrade, with all in favor, to CLOSE Public Hearing on the Imposition of Special Assessments, was approved.

FOURTH ORDER OF BUSINESS	Consideration	of	Resolution	2020-37
Direct Purchase Resolution
Ms. Burns presented Resolution 2020-37 and noted that it would allow the district to directly purchase materials for construction which would provide significant savings because the district is tax exempt. Ms. Burns explained the attached exhibits, including a work authorization

fonn, and procurement procedures, that need to be followed. The board had no questions on the resolution or the exhibits to the resolution.

On MOTION by Mr. Andrade, seconded by Mr. Baxter, with all in favor, Resolution 2020-37 Direct Purchase Resolution, was approved.

FIFTH ORDER OF BUSINESS	Consideration of Construction Funding
Agreement
Ms. Bums noted that U1is is an agreement with Ernie Caldwell Properties, LLC and it states that they agree to fund the construction of the district and will be refunded through a bond issuance.
On MOTION by Mr. Baxter, seconded by Mr. Carson, with all in
    favor. the Construction Funding Agreement. was approved.	

SIXTH ORDER OF BUSINESS	Consideration of Temporary Construction
Easement Agreement

I On MOTION by Mr. Andrade, seconded by Mr. Baxter, with all in favor, the Temporary Construction Easement Agreement, was approved.

Ms. Burns stated that this agreement was also with Ernie Caldwell Properties, LLC and it will grant the district temporary non-exclusive construction access in order for the district to construct improvements on the property. The board had no questions on the agreement.

SEVENTH ORDER OF BUSINESS	Staff Reports
Attorney
Ms. Rigoni  noted  that there  is a  bond  validation  hearing on  April  14th•    She stated  that they filed a motion to appear telephonically and they are waiting on the order to allow them to do U1at.

Engineer
Mr. Wood had nothing further for the board.

District Manager's Report

Ms. Bums stated that she did not have anything to report as there are no financials. They are waiting for the funds to open the account, once those are processed and it is open, the board will see monthly financials included in the agenda packages.

EIGHTH ORDER OF BUSINESS
There being none, the next item followed.

NINTH ORDER OF BUSINESS

Other Business

Supervisor's Requests and Audience
Comments

There were no supervisor requests or audience comments. The next item followed.

TENTH ORDER OF BUSINESS	Adjournment

On MOTION by Mr. Baxter, seconded by Mr. Andrade. with all in favor, the meeting was adjourned at I: IO p.m.

Ms. Burns adjourned the meeting at 1:10 p.m.

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Secretary/ istant Secretary	mnan/Vice Chairman