MINUTES OF MEETING WIND MEADOWS SOUTH
COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the Wind Meadows South Community Development District was held Wednesday, September 8, 2021 at 1:30 p.m. at 4900 Dundee Road, Winter Haven, Florida.
Present and constituting a quorum:

Brent  Elliott Halsey Carson Dottie Mobley Helene Bradley Branden Eckenrode

Chairman Vice Chair
Assistant Secretary Assistant Secretary Assistant Secretary

Also present were:

Jill  Burns Roy Van Wyk Ashton Bligh Bob Gang Bryan Hunter

District Manager, GMS KELaw
Greenberg Traurig Greenberg Traurig Hunter Engineering

FmST  ORDER OF BUSINESS	Roll Call
Ms. Burns called the meeting to order and called the roll. Five Board members were present constituting a quorum.

SECOND ORDER OF BUSNESS	Public Comment Period
Ms. Bums noted that there were no members of the public present in person or attending via Zoom. The next item followed.

THIRD ORDER OF BUSINESS	Approval of Minutes of the August 11,
2021 Landowners' Meeting and Board of Supervisors Meeting
Ms. Bums presented the minutes of the August 11, 2021 landowners'  meeting and Board of Supervisors meeting and asked if there were any comments or corrections. Hearing none, she asked for a motion to approve.

On MOTION by Mr. Elliott, seconded by Mr. Eckenrode, with all in favor, the Minutes of the August 11, 2021 Landowners' Meeting and Board of Supervisors Meeting, were approved.

FOURTH  ORDER OF BUSINESS	Consideration	of	Supplemental
Assessment Methodology for Assessment Area 1
Ms. Burns stated that the methodology would be updated to reflect the final pricing at the time of issuance based on a bond sizing that was provided by John Kessler's office. She presented the methodology. Table 1 included the development program with 327 50' lots and 89 70'  lots for a total of 416. Table 2 showed the capital improvement program with a total of $13,476,667. Table 3 showed a bond sizing of $9,160,000, Table 4 showed the improvement costs per unit, and Table 5 showed the par debt per unit after developer contribution. Table 6 showed the net and gross annual debt assessment per unit of $1,344 after the collection costs, and Table 7 showed the preliminary assessment roll.
Mr. Van Wyk asked Ms. Bums if it was consistent with the Master Assessment
Methodology, and Ms. Burns answered yes. Mr. Van Wyk asked if the benefit exceeds the burden placed on the property by the assessments. Ms. Burns answered yes. Mr. Van Wyk asked if it was still Ms. Burns's opinion that the assessments are fairly and reasonably apportioned across the property. Ms. Burns answered yes, they are.

On MOTION by Mr. Elliott, seconded by Mr. Eckenrode, with all in favor, the Supplemental Assessment Methodology for Assessment Area 1, was approved.

FIFTH ORDER OF BUSINESS	Consideration	of	Resolution	2021-35
Delegation Resolution
Ms. Bligh presented the resolution, noting it was contemplated when the Board  adopted the original bond resolution in June. She added that it contained documents of exhibits to sell the Assessment Area 1 bonds which would be issued for the purpose of providing funds to pay for all or a portion of the public infrastructure that will support 416 units. She pointed out Section 4, which included requirements, and Section 5 which included the parameter. Ms. Burns asked if there were any questions, and hearing none she asked for a motion to approve.

On MOTION by Mr. Elliott, seconded by Mr. Eckenrode, with all in favor, Resolution 2021-35 Delegation Resolution, was approved.

SIXTH ORDER OF BUSINESS	Consideration of Series 2021 Developer
Agreements for AAl:
True-Up Agreement
Ms. Burns stated that the agreement confirmed the landowner's intent and obligation required to make true-up payments if needed.

Collateral Assignment Agreement
Ms. Burns stated that the agreement outlined, in the event of default, that the landowner would sign certain development rights to the District to enable to District or third party to complete the construction of the improvements that were outlined in the project.

Acquisition Agreement
Ms. Bums stated that the agreement was included in the agenda, and that the developer had advanced funds to the District in order to begin construction, so the agreement noted that certain work product and improvements had been done and that the District would accept those improvements.

Completion Agreement
Ms. Burns stated that the landowner had asked the District to limit the amount of debt special assessments that were imposed on Assessment Area 1, which would allow them to directly fund a portion of the project, so the landowner agreed to provide those funds.
Declaration of Consent
Ms. Bums stated that the agreement outlined that the landowner agreed that the debt assessments had been adopted by the Board and that all proceedings had been in accordance with Florida Law and that the District had taken all action necessary to levy and impose the assessments. asked if the Board had any questions. Hearing none,

On MOTION by Mr. Elliott, seconded by Mr. Eckenrode, with all in favor, the Series 2021 Developer Agreements for AAl, were approved in substantial form subject to final review.

SEVENTH ORDER OF BUSINESS
Attorney

Staff Reports

Memorandum Regarding Wastewater Services and Stormwater Management Needs Analysis
Mr. Van Wyk stated that the bonds were validated, and the plan was to issue them in October. He also added that the memorandum had been circulated and that they would need to have their report done by June of next year.
Engineer
There being none, the next item following.

District Manager's Report
Approval of Funding Request #2
Ms. Bums stated that the requisition was for O&M funding and was the next $20,000 installment. She asked for a motion to approve.

On MOTION by Mr. Elliott, seconded by Mr. Eckenrode, with all in favor, the Series 2021 Developer Agreements for AAI, were approved, subject to review.

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

NINTH ORDER OF BUSINESS

There being none, the next item followed.

TENm ORDER OF BUSINESS

Ms. Bums adjourned the meeting.

Other Business

Supervisors Requests and Audience Comments

Adjournment

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

Chairman/Vice Chairman