MINUTES OF MEETING HAMMOCK RESERVE
COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the Hammock Reserve Community Development District was held Tuesday, July 6, 2021 at I :30 p.m. at 346 E. Central Ave., Winter Haven, Florida.
Present and constituting a quorum:

Lauren Schwenk Patrick Marone Matthew Cassidy
Andrew Rhinehart by Zoom

Also present were:

Jill Burns
Michelle Rigoni by Zoom Dennis Wood by Zoom Bob Gang by Zoom

FIRST ORDER OF BUSINESS

Vice Chairman Assistant Secretary Assistant Secretary Assistant Secretary

District Manager, GMS HGS
Wood & Associates Greenberg Traurig

Roll Call

Ms. Bums called the meeting to order and called the roll. There were three members present constituting a quorum. One additional member joined by Zoom.

SECOND ORDER OF BUSINESS	Public Comment Period
Ms. Bums stated that there were no members of the public present.

THIRD ORDER OF BUSINESS	Approval of Minutes of the June 1, 2021
2021 Board of Supervisors Meeting
Ms. Burns presented the June I, 2021, Board of Supervisors meeting minutes and asked for any comments, changes, or corrections. The Board had no changes to the minutes.

On MOTION by Ms. Schwenk, seconded by Mr. Cassidy, with all in favor, the Minutes of the June 1, 2021, Board of Supervisors Meeting, were approved.

FOURTH ORDER OF BUSINESS	Consideration of Amended and Restated
Engineer's Report
Mr. Wood presented that Phases 1 and 2 remained unchanged on the report. He elaborated that the expanded CDD District included the addition of Phase 3. Phase 3 consisted of382 single family lots and Phase 4 consisted of209 lots. The expanded CDD had a total of 1,028 single family lots and consisted of approximately 393.19 acres. The table in the report was modified to accurately represent the numbers.
Mr. Wood noted that the Phase 1 total was $5,658,000. The Phase 2 total was $4,796,000. The Phase 3 total was $8,140,000. The Phase 4 total was $5,274,500. The total of the 1,028 lots was $23,868,500. The updated report included the breakdown of the 40' and 50' lots as well.
Ms. Rigoni inquired about the updated report and asked if it would be consistent to the original Master Capital Improvement Plan as amended and supplemented by the reports issued for the Series 2020 and 2021 bonds. Mr. Wood responded that they would be consistent. Ms. Rigoni then asked about the cost estimates being reasonable for the project size. Mr. Wood confirmed that the cost estimates were reasonable. Ms. Rigoni asked about any possible reasons why the District would not be able to carry out the development of the infrastructures in the report, Mr. Wood responded that he was not aware of any potential issues.
Ms. Burns asked if the Board if they had any additional questions, and hearing none, asked for a motion to approve.

On MOTION by Ms. Schwenk, seconded by Mr. Cassidy, with all in favor, the Amended and Restated Engineer's Report as amended, was approved.

FIFTH ORDER OF BUSINESS	Consideration of Amended and Restated
Master Assessment Methodology
Ms. Burns noted this report was consistent with the Master report that was issued in December 2019. The Series 2020 and 2021 bonds remained unchanged by this Amended and Restated Master report. Ms. Burns reviewed the tables in the Master Methodology report for the Board.
Ms. Rigoni asked Ms. Burns if the annexed parcels subject to the Special Assessments especially benefitted from the improvements. Ms. Burns confirmed that they did. Ms. Rigoni then asked if the Special Assessments were fairly and reasonably allocated based on the methodology

presented in the Master Methodology report. Ms. Burns confirmed that they were. Ms. Rigoni also asked if the special benefits described in the Assessment report at least equaled or exceeded the assessments to be levied on that land. Ms. Burns said yes.

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

SIXTH ORDER OF BUSINESS	Consideration	of	Resolution	2021-11
Declaring	Special	Assessments	on Boundary Amendment Parcels
Ms. Bums noted this was included in the package and would set off the assessment process on the annexed parcels that were recently added to the District.

On MOTION by Ms. Schwenk, seconded by Mr. Cassidy, with all in favor, the Resolution 2021-11 Declaring Special Assessments on Boundary Amendment Parcels, was approved.

SEVENTH ORDER OF BUSINESS

Consideration of Resolution 2021-12 Setting a Public Hearing on the Imposition of Special Assessments on the Boundary Amendment Parcels

Ms. Bums noted the documents were included in the agenda package. The Public Hearing was set for September 7th , 2021 at I :30 p.m.

On MOTION by Ms. Schwenk, seconded by Mr. Cassidy, with all in favor, Resolution 2021-12 Setting a Public Hearing on the Imposition of Special Assessments on the Boundary Amendment Parcels for September 7, 2021 at 1:30 p.m., was approved.

EIGHTH ORDER OF BUSINESS	Consideration	of	Resolution	2021-13
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 Parcels

Ms. Bums noted the documents were included in the agenda package. Ms. Bums suggested the next Public Hearing date be September 71h, 2021 at 1:30 p.m.

On MOTION by Ms. Schwenk, seconded by Mr. Cassidy, with all in favor, Resolution 2021-13 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 Parcels for September 7, 2021 at 1:30 p.m., was approved.

NINTH ORDER OF BUSINESS	Consideration	of	Resolution	2021-14
Amending Bond Resolution 2020-24, Increasing the Total Amount of Special Assessments Bonds to be Issued by the District Not to Exceed $31,000,000
Ms. Bums asked Mr. Gang, who joined via Zoom, to elaborate on the Resolution. Mr. Gang overviewed this by stating they originally validated $14,000,000 of bonds, and then the District issued $5,380,000. He stated they then issued again at $4,990,000. Mr. Gang followed up that there was still an amount left over from the original validation. Due to the anticipation of the annexation, the amount to be issued was increased by an additional $14,000,000. Mr. Gang stated that this had placed the total at $28,000,000 authorized, but it was realized that they would need more. He elaborated that this recent increase put the authorized amount at $31,000,000. It is noted by Mr. Gang that counsel would be going back to court to update the original amount of $14,000,000 to
$31,000,000. Ms. Bums asked for any other questions, and hearing none,

On MOTION by Ms. Schwenk, seconded by Mr. Cassidy, with all in favor, the Resolution 2021-14 Amending Bond Resolution 2020-24, Increasing the Total Amount of Special Assessments Bonds to be Issued by the District Not to Exceed $31,000,000, was approved.

TENTH ORDER OF BUSINESS	Acceptance of the Fiscal Year 2020 Audit
Report
Ms. Burns noted the documents were included in the agenda package. She stated this was considered a clean audit as there were no instances of noncompliance and no findings.

On MOTION by Ms. Schwenk, seconded by Mr. Cassidy, with all in favor, Acceptance of the Fiscal Year 2020 Audit Report, was approved.

ELEVENTH ORDER OF BUSINESS	Staff Reports
Attorney
Ms. Rigoni stated that she did not have anything particular to report other than a few legislative bills that passed and went into effect July 1st• She said they are working on aggregating all of the changes and will be coming back with a report on those at the next meeting or sooner. Ms. Rigoni followed up by saying that given the approval of the resolution that increased the Not to Exceed amount, they will be filing as soon as possible and moving forward with the validation of additional capacity. She offered to answer any questions.

Engineer
Mr. Wood did not have additional information to add.

District Manager's Report
Approval of Check Register
Ms. Bums presented the check register from May 26th through June 28th, and asked for a motion to approve. The total amount was $281,977.99.

On MOTION by Ms. Schwenk, seconded by Mr. Cassidy, with all in favor, the Check Register, was approved.

Balance Sheet & Income Statement
Ms. Bums stated that the financials were included in the packet for review and there is no action necessary unless there were any questions. The Board had no questions on the financials.

111.	Ratification of Summary of Series 2020 (AAl) Requisitions #53 and #54
Ms. Bums noted these have been approved they just need to be ratified by the Board.

On MOTION by Ms. Schwenk, seconded by Mr. Cassidy, with all in favor, the Series 2020 (AAl) Requisitions #53 and #54, were ratified .

iv.	Ratification of Summary of Series 2021 (AA2) Requisitions #1 to #12

Ms. Bums noted these have been approved they just need to be ratified by the Board.

On MOTION by Ms. Schwenk, seconded by Mr. Cassidy, with all in favor, the Series 2021 (AA2) Requisitions #1 to #12, were ratified.

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

THmTEENTH ORDER OF BUSINESS

There being none, the next item followed.

FOURTEENTH ORDER OF BUSINESS
Ms. Bums adjourned the meeting.

Other Business

Supervisors Requests and Audience Comments

Adjournment

On MOTION by Ms. Schwenk, seconded by Mr. Cassidy, with all in favor, the meeting was adjourned.