MINUTES OF MEETING STOREY DRIVE
COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the Storey Drive Community Development District was held Thursday, March 20, 2025, at 11:00 a.m. at the Offices of GMS-CF, 219 E. Livingston Street, Orlando, Florida.

Present and constituting a quorum were:

Adam Morgan	Chairman
Dan La Rosa	Vice Chairman
Brent Kewley	Assistant Secretary
Josh Jochims	Assistant Secretary Also present were:
George Flint	District Manager
Jay Lazarovich	District Counsel
Stephen Saha by phone	District Engineer
Alan Scheerer	Field Manager

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 BUSINESS	Public Comment Period
Mr. Flint: There are no members of the public other than the Board and staff here. We’ll move on to organizational matters.

THIRD ORDER OF BUSINESS	Organizational Matters
Appointment of Individual to Fulfill the Vacancy with a Term Ending November 2027
Mr. Flint: You do have a vacancy. Are there any nominations at this time to fill that? Mr. Morgan: Not at this time.
Mr. Flint: We’ll continue to carry that item then on the next agenda.

Administration of Oath of Office to Newly Appointed Board Member

Consideration of Resolution 2025-01 Designating Assistant Secretary
Items B and C were tabled to a future meeting agenda.

FOURTH ORDER OF BUSINESS	Approval of Minutes of the February 20,
2025 Meeting
Mr. Flint: The next is approval of your February 20th minutes. Did the Board have any comments or questions?
Mr. Morgan: Is everybody good with the minutes?
Mr. Lazarovich: I just have a couple of comments that I have printed here. They are minor corrections.
Mr. Flint: Is the Board okay to approve the minutes subject to incorporation of Counsel’s comments?

On MOTION by Mr. Morgan, seconded by Mr. Kewley, with all in favor, the Minutes of the February 20, 2025, Meeting, were approved, as amended.

FIFTH ORDER OF BUSINESS	Consideration	of	Resolution	2025-02
Approving the Proposed Fiscal Year 2026 Budget and Setting a Public Hearing
Mr. Flint: Item 5 is Resolution 2025-02 approving a proposed budget for FY26 and setting the public hearing. Each year the Board is required to approve what’s called a proposed budget and set the date, place, and time of the public hearing for its final consideration. The proposed budget doesn’t bind you in any way. We can make changes to this. The only issue would be whether there would need to be an increase in assessments because it can go down but not up. We’re recommending your June 19th meeting at 11:00 a.m. in this location for the final adoption. That’s your regular June meeting. Attached as Exhibit A to the resolution is the proposed budget. It does not contemplate a change in the per unit assessment amounts. We are using about $40,599 of carry forward a balance of the budget right now for next year. We still have some unknowns on some of the expenses, water and sewer. I know that it’s master metered. I think the HOA is paying that bill right now. If there's some intent in the future to allocate a portion of those costs to the CDD, we’ll need to figure that out. Right now we’re not getting billed for any of the irrigation. We’ve kept that budgeted. Next year we’ll need to zero in on what the right number is going to be. Landscape maintenance, we’re projecting $97,000 through the end of this year. There are still some areas that we’ll be maintaining that aren’t online yet, and we’re also going to be soliciting a

proposal from another landscape company as well per the recommendation of Mark. He asked us to get a price, so we’ll be getting another price and that will keep Cherry Lake honest as well on their pricing. We don’t expect that number to go higher than 134, but it’s possible we could bring that down. We have $40,000 in carry forward balance so right now we’ve got a mismatch on expenses and assessments, but we don’t want to recommend an increase in the assessments until we get the expenses zeroed in a little bit better
Mr. Jochims: What are the non-assessed areas? You said there were some areas that are not on yet.
Mr. Scheerer: Yeah, there’s a lift station trash compactor area in and area we’re supposed to be maintaining which hasn’t been turned over yet and there’s another section along the parking lot that is supposed to be HOA, that Mark made clear he wanted CDD to do it as well.
Mr. Kewley: Along the condo 1-2-3 parking lot. Yeah, the buffer between the town homes and the condos that was all installed together. It’s ready to turn over now.
Mr. Scheerer: Whenever Cherry Lake wants to do the walk, I’ll be happy to do the walk with them.
Mr. Kewley: Why don’t we shoot for sometime early next week? Felix is around all the time. He’s over at Universal and the trail over there so he can come over.
Mr. Morgan: Don’t we have a one-year warranty on all landscaping that’s installed? Mr. Kewley: We do.
Mr. Morgan: So why would we want to change vendors when the warranty is still in effect?
Wouldn’t it be easier to keep the same vendor for the one year.
Mr. Kewley: Well, for continuity and consistency, we would like to look and the Floralawn because they’re doing everything else in there. What we’re trying to do is we’re trying to get the entire system over to one maintenance contractor because it’s getting confusing with, is this our valve, is this your valve, etc.?
Mr. Morgan: Got it.
Mr. Kewley: You know, so the assessment areas are a little wonky. I have Felix right now putting together a master list with a site plan to turn over to floor lawn as well as Henderson, the installer, to show them where every zone is, every valve is, everything is because Cherry Lake has made it clear that they kind of have a desire to sort of get out of there and just let the whole thing go to somebody else.

Mr. Morgan: Because most of the time we keep the same vendor during the warranty period, but that makes sense.
Mr. Scheerer: If you think about it though, the only portion that probably wouldn’t be covered under that one year is the new area that we’re getting ready to turn over.
Mr. Kewley: Ponds 3 & 4 have just had all their trees and all their landscaping as well at the same time that we did the lift station and we did that, but just, get those coupons as well, but Ponds 1 & 2 were turned over a long time ago.
Mr. Scheerer: Cherry Lake was working on updated numbers to make sure that they have all the Palm trees captured and all of the F&P that’s going to go along with that, but there isn’t that much that’s outside the one year that we would have to worry about going with Floralawn or whoever wants us to deal with.
Mr. Morgan: So we feel like this proposed budget is good?
Mr. Flint: Yes, I think this gives us the flexibility we need going into the public hearing in
June.

On MOTION by Mr. Morgan, seconded by Mr. Jochims, with all in favor, Resolution 2025-02 Approving the Proposed Fiscal Year 2026 Budget and Setting a Public Hearing was approved.

SIXTH ORDER OF BUSINESS	Consideration of Series 2022 Requisition
#15
Mr. Flint: Item 6 is Requisition #15. This is for TraceAir, that’s being paid out of the construction account.

On MOTION by Mr. Morgan, seconded by Mr. Kewley, with all in favor, the Series 2022 Requisition #15 was approved.

SEVENTH ORDER OF BUSINESS	Staff Reports
Attorney
Mr. Flint: Staff reports, Jay?
Mr. Lazarovich: Yes, I spoke to Kristen, and she said that all the platted tracts dedicated to to the CDD have been turned over. We’ll just confirm that lift station tract to make sure of the ownership.

Mr. Scheerer: Well, the ownership of the lift stations, there’s just the landscaping around there’s some vegetation around that were going to maintain. But the lift station we don’t own or maintain the lift.
Mr. Lazarovich: So, everything has been turned over. So we’re now working on the completion certificate, which is required under Trust Indenture. Accompanying that is a Certificate of the District Engineer, so that will come back to the next meeting. Other than that she said that she received an update and I guess there was a reimbursement request for damage caused to a pedestrian bridge. It was denied by the GC’s. The GC’s claim was denied by the carrier so she’s still working on that and she’ll bring up the next month.
Mr. Morgan: How could it be denied? Mr. Jochims: It’s just the carrier.
Mr. Flint: Yeah, the sub was claiming that dewatering wasn’t part of the contract or they told their insurer that the dewatering wasn’t part of the contract and the GC is like, yes, it was part of your contract. You did do the dewatering but they told your insurance company that the dewatering was part of their contract. So, their insurer denied it.
Mr. Jochims: So, when you say everything has been turned over, we have deeded and have all the ponds been put into maintenance certified operation?
Mr. Scheerer: We’re doing the maintenance of all the ponds. Mr. Flint: He’s talking about the ERP.
Mr. Jochims: Yeah, I want to make sure that if they are deeded over, then everything needs to be also with the operation and the ERP and if not, we can fill all those out and send them in.
Mr. Flint: Steve, do you want to do it or do you want Poulos & Bennett?
Mr. Jochims: Well, this certification is going to have to come from Poulos & Bennett. Your Engineer has to certify it.
Mr. Saha: We certified them as far as transferring it over to the CDD as the entity. Mr. Jochims: You transferred them into operation though?
Mr. Saha: Yes, that’s been done. The transfer to the CDD is something that sometimes we do, sometimes the developer client does it.
Mr. Flint: But the form, do you want them to do it, the actual form transferring it to the operating entity.
Mr. Jochims: I would prefer that you guys do it.

Mr. Saha: Yeah, we’ll get those over to you. As we do our annual reports for the CDD this is something we’re going to start tracking. I have a list of all the ERPs that are associated with it and if it is closed out, we know it has been transferred operations. But we may have to look to see if it was transferred over to the CDD. I’m just going to create a table and just show that date in there and make sure everything is transferred over, so we’ll be tracking those regularly.
Mr. Flint: We want to make sure we don’t close the construction account out until we’re done with the TraceAir because we’re paying TraceAir out of that. We don’t want to certify it complete yet and close that account out until we run out of money.
Engineer
Discussion of Pending Plat Conveyances
Status of Permit Transfers
Status of Construction Funds & Requisitions
Mr. Flint: Steve, do you have anything?
Mr. Saha: Nothing additional. I will get in touch with Allen in the next couple of weeks about doing the yearly inspections.
District Manager’s Report
Approval of Check Register
Mr. Flint: I have the approval of the check register for the month of February for the General Fund and Board compensations. Were there any questions on that?

On MOTION by Mr. Morgan, seconded by Mr. Jochims, with all in favor, the Check Register was approved.

Balance Sheet and Income Statement
Mr. Flint: You have the unaudited financials through the end of February. There is no action required. If you have any questions, we can discuss those. It looks like you have $3,600 left in the construction account.
Designation of November 20, 2025, as Landowners’ Meeting Date
Mr. Flint: We need to designate our landowner meeting date. You do have three seats that are coming up in November, so we’re recommending November 20, in this location at 11:00 a.m. Is there a motion to designate?

Mr. Morgan: That’s our normal meeting date? I’m the only one that needs to here for the Landowner meeting.
Mr. Flint: Yeah, or someone from Lennar, it doesn’t need to be you. It could be whoever the proxy holder is that’s designated.

On MOTION by Mr. Morgan, seconded by Mr. Kewley, with all in favor, the Designation of November 20, 2025, as Landowners’ Meeting Date, was approved.

Field Manager’s Report
Mr. Scheerer: We may have touched on this or not, but we did the harvesting of the vegetation behind the amenity, we’ll call it pond 3. I was out there this morning, did another ride through. It’s looking pretty good when you have some shoreline torpedo grass that’s coming up. I sent some pictures to the aquatic vendor and I also found some algae on what I’m calling pond 4, the one all the way in the back so they’ll get that sprayed. Also one of the fountains was down, so it was just a trip breaker. I went ahead and reset it. They’re relatively new, so it’d be kind of strange if they’d have any kind of problems at this point, but we’ll keep an eye on that. That’s been reset this morning.
Mr. Morgan: Is that box locked? Can the kids flip it off?
Mr. Scheerer: No, it wasn’t flipped off and it was tripped. I had to reset it. I did adjust the time as well because they weren’t adjusted for daylight savings time.
Mr. Jochims: We are adding an additional fountain in pond 3.
Mr. Scheerer: The one in the middle? Yeah, I figured. Just one fountain?
Mr. Jochims: Just a single one in the middle. It’s a larger one than the others. It’s a 5-horsepower versus the three. It’s going to have a larger spread. We drew that pond down to fix the mitered end section. It has all been injection grouted and fixed. It’s going to start coming back up. So now would be a great time to get in there and just because they could just walk along the shoreline and spray everything.
Mr. Scheerer: Yeah, that’s what I told him in my video. I’ll just have somebody come in and backpack it.
Mr. Jochims: In a month that water is going to be back up.
Mr. Scheerer: Yeah, because it’s well below the normal water level, you can see it. Other than that, I think everything is looking pretty good.

EIGHTH ORDER OF BUSINESS	Other Business
Mr. Flint: All right, any other business or supervisors' requests?

NINTH ORDER OF BUSINESS	Supervisor’s Requests
There being no comments, the next item followed.

TENTH ORDER OF BUSINESS	Adjournment

On MOTION by Mr. Morgan, seconded by Mr. Kewley with all in favor, the meeting was adjourned.

Secretary/Assistant Secretary	Chairman/Vice Chairman