MINUTES OF MEETING ASTONIA
COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the Astonia Community Development District was held Wednesday, May 12, 2021 at 1:00 p.m. at 4900 Dundee Rd., Winter Haven, Florida.

Present and constituting a quorum:

Brian Walsh Halsey Carson Brent Elliott

Also present were:

Jill Burns Michelle Rigoni
Dennis Wood via Zoom Bob Gang via Zoom Ashton Bligh via Zoom

FIRST ORDER OF BUSINESS

Vice Chair Assistant Secretary Assistant Secretary

District Manager, GMS Hopping Green & Sams Engineer
Greenberg Greenberg

Roll Call

Ms. Bums called the meeting to order and called the roll. Three Supervisors were present constituting a quorum.

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

THIRD ORDER OF BUSINESS	Approval of Minutes of the April 14, 2021
Board of Supervisors Meeting
Ms. Bums.as  ke   d for...any questions, comments, or corrections to the April14, 2021meeting minutes. Hearing no changes, she asked for a motion to approve.

On MOTION by Mr. Walsh, seconded by Mr. Elliott, with all in favor, the Minutes of the April 14, 2021 Board of Supervisors Meeting, were approved.

FOURIB ORDER OF BUSINESS	Presentation of First Amendment to the
Engineer's Report
Michelle Rigoni started a brief overview of the updated Engineer's Report. Mr. Woods joined the meeting. Ms. Rigoni asked Mr. Woods if the report was consistent with the prior Master Capital Improvement Plan that was previously adopted. Mr. Woods replied yes. She also asked if the cost were reasonable for the project of this size and scope. Mr. Woods replied yes. She asked if there was any reason it could not be carried out, which Mr. Woods replied no. It was asked about
a recently received change order on $100,000 increase and what it reflected. Ms. Burns responded the if it was not issued over the Master Lien amount, they would be fine.

On MOTION by Mr. Elliot, seconded by Mr. Walsh, with all in favor, the First Amendment to the Engineer's Report, was approved.

FIFm ORDER OF BUSINESS	Presentation of Amended and Restated
Master Assessment Methodology
Ms. Burns noted the Masters Assessment Methodology was issued on February 13, 2020. Since that time there have been extensions to add new parcels including the 332 lots in Astonia North to the boundary amendment. Ms. Burns reviewed the tables of the Assessment Methodology report to include the Development program that includes single family 40' lots with an ERU of .8, and single family 50' lots with an ERU of .1. totaling 1,013 units in the District. The cost estimate is $25,920,000. The par debt for the 40' would be $28,725 and for the 50' lots would be $35,907. The net par annual assessment on a 40' lot is $2,087 and the 50' lot would be $2,609. Ms. Rigoni asked for the record if the benefit received by the parcels was greater than or equal to the assessment burden being placed on the parcels by the improvement costs, to which Ms. Burns answered yes. Ms Rigoni asked for the record if the assessments were fairly and reasonably apportioned across the various product types, to which Ms. Bums answered yes.

On MOTION by Mr. Elliott, seconded by Mr. Walsh, with all in favor, the Amended and Restated Master Assessment Methodology, was approved.

SIXTH ORDER OF BUSINESS	Consideration	of	Resolution	2021-07
Declaring	Special	Assessments	on Boundary Amendment Parcel
Ms. Burns stated that a notice on boundary amendment parcel would be sent. This starts the assessment process and the fmdings.

On MOTION by Mr. Elliott, seconded by Mr. Walsh, with all in favor, Resolution 2021-07 Declaring Special Assessment son Boundary Amendment Parcel, was approved as amended.

SEVENTH ORDER OF BUSINESS	Consideration	of	Resolution	2021-08
Setting a Public Hearing on the Imposition of Special Assessments on Boundary Amendment Parcel
Ms. Burns recommended the Public Hearing Date for Wednesday, July 14, 2021, at 1:00 PM. At the regular meeting location. This requires a 30-day mailed notice to all landowners. We must have 3 Board members in attendance.

On MOTION by Mr. Elliott, seconded by Mr. Walsh, with all in favor, Resolution 2021-08 Setting a Public Hearing on the Imposition of Special Assessment on Boundary Amendment Parcel for July 14, 2021 at 1:00, was approved as amended.

EIGHTH ORDER OF BUSINESS	Consideration	of	Resolution	2021-09
Setting a Public Hearing Expressing the District's Intent to Utilize the Uniform Method of Levying, Collecting, and Enforcing Non-Ad Valorem Assessments on Boundary Amendment Parcel
Ms. Bums suggeste4. holding t:Jtis hearing on the same dat(?, Wednesday, July 14, 2021, at I :00 PM at the regular meeting location.

On MOTION by Mr. Elliott, seconded by Mr. Walsh, with all in favor, Resolution 2021-09 Setting a Public Hearing on July 14, 2021 at 1:00 at 4900 Dundee Road, Winter Haven, FL 33884 Expressing the District's Intent to Utilize the Uniform Method of Levying,

Collecting, and Enforcing Non-Ad Valorem Assessment  on Boundary Amendment Parcel, was approved.

N1NTH ORDER OF BUSINESS	Consideration	of	Resolution	2021-10
Delegation Resolution
Ms. Bligh reviewed the Delegation Resolution and stated this was contemplated when the Board adopted the original resolution last year. This resolution contains documents as exhibits to sell two series of bonds, the 2nd and 3rd series of bonds. The parameters for the bonds, the aggregate principal amount of the bonds will not exceed $18,000,000. The principal amortization period is no longer than 30 years. The price shall not exceed 98% of aggregate face amount of bonds. The Public Hearing date will be added to the report.

On MOTION by Mr. Elliott, seconded by Mr. Walsh, with all in favor, Resolution 2021-10 Delegation Resolution, was approved.

TENTH ORDER OF BUSINESS	Consideration of Developer Agreements
(AA2 Project)
Ms. Burns noted these agreements are the same for both the AA2 project and the North Parcel AA project, so the Board will make 2 motions on the same information.

True-Up Agreement
Ms. Burns noted this confirms the Developers intention and obligation is required to make Tru-up payments related to the Assessment Area.

Completion Agreement
Ms. Burns stated this agreement since the Developer has requested that the District limit the amount of debt assessments opposed on the project. And this allows the Developer to fund a portion of the project not funded from the bonds for that assessment area.

Acquisition Agreement
Ms. Burns noted this agreement if the District desires to acquire some of the work project or improvement and accept assignment of certain agreements.

Collateral Assignment Agreement
Ms. Burns noted that in the event of default in the payment of the bonds for the assessment area, the Developer can assign Developer rights to the District that allows the District to enable a 3rd party to complete the project.

Declaration of Consent
Ms. Burns noted the agreement the Landowner confirms and agrees that the debt assessments have been adopted by the Board in accordance with Florida law, and the District has taken all action necessary to levy and impose the assessment area and they are legal, valid and binding.

On MOTION by Mr. Elliott, seconded by Mr. Walsh, with all in favor, Consideration of Developer Agreements for Assessment Area 2 Project, was approved in substantial fonn.

Consideration of Developer Agreements (North Parcel AA Project)
True-Up Agreement
Completion Agreement
Acquisition Agreement
Collateral Assignment Agreement
Declaration of Consent

On MOTION by Mr. Elliott, seconded by Mr. Walsh, with all in favor, Consideration of Developer Agreements for North Parcel Assessment Area Project, was approved in substantial form.

ELEVENTH  ORDER OF BUSINESS	Consideration	of	Resolution	2021-11
Approving the Proposed Fiscal Year 2022 Budget (Suggested Date: August 11, 2021), Declaring Special-Assessments, and Setting the Public Hearings on the Fiscal Year 2022 Budget and the Imposition of Operations & Maintenance Assessment
Ms. Burns noted this was the first time we are levying an O&M Assessment in this District and we are completely Developer funded. She reviewed the budget attached to the Resolution.

Changes included the added field services, landscaping maintenance, and amenity services as they are anticipated coming online sometime throughout the fiscal year. The total for field is $145,000. The amenity services opening is estimated from March - May 2022. Exact plans are not made for this facility, and these are estimates. Platted lots are estimated at 191 lots in Phase 1, and they receive a greater benefit than the unplatted areas. We will cap assessments at $725 for the upcoming year. That would generate $128,781.75 for on roll assessments. The Developer contribution amount funding the remainder of the budget. A deficit funding agreement will be in place at the time of budget adoption. Ms. Burns suggested the Public Hearing be set for Wednesday, August 11, 2021, at 1:00 p.m. at the regular meeting location, 4900 Dundee Road, Winter Haven, Florida.

On MOTION by Mr. Elliott, seconded by Mr. Walsh, with all in favor, Resolution 2021-11 Approving the FY 2022 Budget and Setting the Public Hearing on Budget and Declaring Imposition of O&M Assessments for August 11, 2021 at 1:00a.m. at 4900 Dundee Road, Winter Haven, FL 33884, was approved.

THIRTEENTH ORDER OF BUSINESS Staff Reports
Attorney
Ms. Rigoni had nothing further to report.

Engineer
Mr. Wood had nothing further to report.

District Manager's Report
Approval of Check Register
Ms. Bums presented the check register inciuded in the agenda package totaling $23,719.41 through March 1-May. The Board had no questions on the check register.

On MOTION by Mr. Elliott, seconded by Mr. Walsh, with all in favor, the Check Register totaling $23,719.41, was approved.

Balance Sheet & Income Statement
Ms. Bums stated the financial packets are included in the package.

Presentation of Registered Voters-0
Ms. Burns stated there is a requirement by statute to determine the number of registered voters within the District as of April I5th of each year. There are currently no registered voters within the Astonia District. Suggested date for pre-closing was discussed for July.

FOURTEENTH  ORDER OF BUSINESS	Other Business
There was a brief discussion about tax bill timelines.

FIFTEENTH ORDER OF BUSINESS	Supervisor's Requests and Audience
Comments
There being none, the next item followed.

SIXTEENTH ORDER OF BUSINESS	Adjournment

On MOTION by Mr. Walsh, seconded by Mr. Elliott, with all in favor, the meeting was adjourned.

Ms. Burns adjourned the meeting.