MINUTES OF MEETING STOREY DRIVE
COMMUN1TY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the Storey Drive Community Development District was held Thursday, July 7, 2022 at 10:00 a.m. at the Offices of GMS-CF, 219 East Livingston Street, Orlando, Florida.

Present and constituting a quorum were:

Adam Morgan Ashley Baksh Brent Kewley Josh Jochims

Also present were:

George Flint Kristen Trucco
Darin Lockwood by plume
Jeremy LeBrun by phone

Chairman Assistant Secretary Assistant Secretary Assistant Secretary

District Manager District Counsel District Engineer GMS

"'The meeting recording started late; the recording starts under the fourth item of business.
The minutes are summarized using meeting notes until item four.

FIRST ORDER OF BUSINESS	Roll Call
Mr. Flint called the meeting to order and called the roll. Four Board members were present constituting a quorum.

SECOND ORDER OF BUSNESS	Public Comment Period
There were only members of staff and the Board present.

THIRD ORDER OF BUSINESS	Approval of Minutes of the June 6, 2022
Meeting
Mr. Flint presented the June 6, 2022 meeting minutes and asked for any comments, corrections, or changes. The Board had no changes.

July 7, 2022	Storey Drive CDD

On MOTION by Mr. Morgan, seconded by Ms. Baksh, with all in favor, the Minutes of the June 6, 2022 Meeting, were approved as presented.

FOURTH ORDER OF BUSINESS	Consideration	of	Resolution	2022-05
Accepting	the	Conveyance	of	Real Property and Improvements
Mr. Trucco presented Resolution 2022-05 and asked for a motion to approve.

On MOTION by Mr. Morgan, seconded by Ms. Baksh, with all in favor, Resolution 2022-05 Accepting the Conveyance of Real Property and Improvements, was approved.

FIFTH ORDER OF BUSINESS	Public Hearing
A. Consideration of Resolution 2022-06 Adopting the Fiscal Year 2023 Budget and Relating to the Annual Appropriations
*The recording started at this time.
Mr. Flint: You all adopted the proposed budget a couple of months ago, and you set today as the public hearing for its final adoption. Resolution 2022-06 adopts the Fiscal Year 2023 Budget. We will go ahead and open the public hearing and note for the record that there are no members of the public present. Exhibit 'A' to the resolution is the proposed budget and it contemplates that the platted lots would be on roll, the unplatted would be direct billed, and then there is a developer funding agreement component. This budget in your agenda is a buildout budget, and we are balancing it based on the developer contribution line. We are direct billing the developed portion of it and then balancing it based on developer contribution which may or may not come into play. We think that the assessment revenue will cover the expenses. If there are any. questions, we can discuss those, otherwise we need a motion to approve.

On MOTION by Mr. Morgan, seconded by Ms. Baksh, with all in favor, Resolution 2022-06 Adopting the Fiscal Year 2023 Budget and Relating to the Annual Appropriations, was approved.

Mr. Flint: This is a little unusual because we have a combination of a developer funding agreement and you're imposing assessments. So we would like to add another item under your public hearing, Resolution 2022-07. That would be your assessment resolution. There would be

July 7, 2022	Storey Drive CDD

two attachments, so the first resolution is the budget that was just approved, and the other would be the assessment roll.
Ms. Trucco: There is a copy of the assessment roll attached to the Funding Agreement.

On MOTION by Mr. Morgan, seconded by Ms. Baksh, with all in favor, Resolution 2022-07 Adopting the Assessment Roll, was approved.

Mr. Flint: The public hearing is now closed.

SIXTH ORDER OF BUSINESS	Consideration of Fiscal Year 2022-2023
Developer Funding Agreement
Mr. Flint: This is a standard form of Funding Agreement You've seen these agreements in the past. The District entered into an agreement for the current year.

On MOTION by Mr. Morgan, seconded by Mr. Jochims, with all in favor, Fiscal Year 2022-2023 Developer Funding Agreement, was approved.

SEVENTH ORDER OF BUSINESS	Ratification of Series 2022 Requisition #1
Mr. Flint: This requisition is for Poulos & Bennett. These are c;osts related to preparing the first acquisition requisition.
Mr. Morgan: Has that been completed?
Mr. Flint: I talked to the District Engineer this morning and they are finalizing their inspections. Darin, do you want_to give the Board the status?
Mr. Lockwood: I am just working with my construction guys to pull out of the estimate what we are transferring. It should be completed by the next meeting.
Ms. Trucco: Darin, as part of that, Adam had just said that Phase 1 has been substantially completed. I know you saw the stormwater tracts 1 and 2 from the Storey Drive plat, but if any other property tracts or improvements that need to be conveyed to the District as part of your requisition that you all are working on, please let us know so that we can get those moving.
Mr. Lockwood: From what I understand, the stormwater tracts are the only thing that are completed and that we could transfer at this time. The roads are not accepted by the county. We could transfer water that has been approved by the county.

July 7, 2022	Storey Drive COD

Mr. Flint: This requisition is just for engineering services related to preparing the acquisition requisition. It's been executed and conveyed to the trustee, and we are asking the Board to ratify that.

On MOTION by Mr. Morgan, seconded by Ms. Baksh, with all in favor, the Series 2022 Requisition #1, was ratified.

EIGHTH ORDER OF BUSINESS	Discussion of Pending Plat Conveyances
Ms. Trucco: We will stand by until other tracts are ready to be accepted by the District.

NINTH ORDER OF BUSINESS
Attorney
Ms. Trucco: I have no other updates.

Staff Reports

Engineer
Mr. Showe: Anything else Darin?
Mr. Lockwood: I can bring us up to speed on what is happening with the construction. The force main has had quite a delay in the tie in by the road, and that is really what is keeping it from progressing and being complete. The sewer lines in the entire Phase 1 are done. The pump station is under construction. All of Phase 1 is essential]y done and Phase 2 is about 50% complete.
Mr. Morgan: Is the only thing remaining for the lift station power? Mr. Lockwood: The power and the tie in yes.
Mr. Flint: If the water improvements are already complete, we can go ahead and acquire
those.

District Manager's Report
Balance Sheet and Income Statement
Mr. Flint: You have the unaudited financials through May 31. There is no action required by the Board. But if you have questions, we can discuss those.

Ratification of Funding Request #9
Mr. Showe: This was transmitted to the developer under the Funding Agreement. It funds the audit and includes management fees, legal expenses, and Board compensation.

July 7, 2022	Storey Drive CDD '

'

On MOTION by Mr. Morgan, seconded by Ms. Baksh, with all in
favor, Func;ling Request #9, was ratified.

Preseµtation of Number of Registered Voters-0
Mr. Flint: Each year we are required to announce the number of registered voters. As of April 15th, there were none.

Approval of Fiscal Year 2023 Meeting Schedule
Mr. Flint: Each year, the Board is required to approve an annual meeting schedule. We usually do that at your budget adoption meeting. Historically you have met on the first Thursday of the month at 10 a.m. in this location. We have prepared a meeting notice for next Fiscal Year reflecting those dates if that continues to work for the Board.

On MOTION by Mr. Morgan, seconded by Ms. Baksh, with all in
:: favor, the Fiscal Year 2023 Meeting Schedule, was approved.

,

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

ELEVENTH ORDER OF BUSINESS

Other Business

Supervisor's Requests

Mr. Kewley: On the Storey Drive Developer funding agreement, it looks like on the second page, it references St. Cloud in Osceola County. I just wanted to make sure that was correct.
Mr. Flint: Yeah, that should be Orlando and Orange County. Thank you for catching that,
Brent.

TWELFm ORDER OF BUSINESS
Mr. Flint adjourned the meeting.

Adjournment

On MOTION by Mr. Morgan, seconded by Ms. Baksh, with all in
_ favor, the JI1eeting was adjourn.ed.

Secretary/Assistant Secretary	Chairman/Vice Chairman