Heritage Bay Minutes 03/19/2018 MINUTES OF PUBLIC HEARING/MEETING
HERITAGE BAY
COMMUNITY DEVELOPMENT DISTRICT
A Public Hearing/Meeting of the Board of Supervisors of the Heritage Bay Community
Development District was held Monday, March 19, 2018 at 9:00 a.m. at the Heritage Bay
Clubhouse, located at 10154 Heritage,Bay Boulevard,Naples,Florida.
Present and constituting a quorum were:
Edwin Hubbard Chairman
John May Vice Chairman
Jack Arcurie Assistant Secretary
Dennis Gagne Assistant Secretary
Donna Hunter Assistant Secretary
Also present were:
Justin Faircloth District Manager
Greg Urbancic District Counsel
Jeffrey Satfield CPH
Wendell Gaertner PRAG
Natalie Sidor Raymond James
Residents
The following is a summary of the discussions and actions taken at the March 19,2018
Heritage Bay Community Development District's Board of Supervisors Public
Hearing/Meeting.
FIRST ORDER OF BUSINESS Call to Order and Roll Call
Mr. Faircloth called the Public Hearing/Meeting to order and called the roll.
SECOND ORDER OF BUSINESS Public Hearing Under Chapters 170, 190
and 197 Florida Statutes to Consider the
Imposition of Assessments for the
Refinancing of the District's Series 2018
Bonds and Financing and Securing
Certain Additional Public Improvements
March 19,2018 Heritage Bay CDD
A. Presentation Regarding Bond Refinancing, Supplemental Project and
Proposed Assessments
• Mr.Hubbard gave a brief overview of the Board of Supervisors.
• Mr.Hubbard gave an overview of the damage history and prior loan process.
• It was noted that there has been further damage to the lake banks from Hurricane
Irma and repair costs would only increase if the issue is ignored.
• Mr. Wendell Gaertner provided an update on the bond process.
B. Public Comment and Testimony
On MOTION by Mr. Hubbard seconded by Mr. Gagne with all in
favor,the Public Hearing to Consider the Imposition of Assessments
for the Refinancing of the District's Series 2018 Bonds and
Financing and Securing Certain Additional Public Improvements,
was opened.
• Questions and comments from residents were addressed.
There being no further comments or questions from the audience,
On MOTION by Mr.Arcurie seconded by Mr.May with all in favor,
the Public Hearing to Consider the Imposition of Assessments for
the Refinancing of the District's Series 2018 Bonds and Financing
and Securing Certain Additional Public Improvements,was closed.
The record shall reflect the Board recessed for a short period.
THIRD ORDER OF BUSINESS Consideration of Resolution 2018-06
Authorizing and Confirming District
Projects for Construction and/or
Acquisition of Infrastructure
Improvements
(Space Left Intentionally)
March 19,2018 Heritage Bay CDD
Mr. May MOVED to adopt Resolution 2018-06, Authorizing and
Confirming District Projects for Construction and/or Acquisition of
Infrastructure Improvements; Making Certain Findings Including
the Refunding of the District's Capital Improvement Revenue
Refunding Bonds, Series 2014 and Imposition of Series 2018
Assessments; Equalizing, Approving, Confirming, and Levying
Special Assessments on Lots or Parcels of Land Within the District
Specially Benefited by Such Projects to Pay the Cost Thereof;
Confirming and Adopting a Supplemental Assessment Report;
Providing for the Payment and the Collection of Such Special
Assessments by the Methods Provided for by Chapters 170, 190,
and 197 Florida Statutes; Providing for the Recording of an
Assessment Notice; Providing for Severability, Conflicts and an
Effective Date;and Mr.Gagne seconded the motion.
• It was noted that a Supplemental Assessment Resolution will be presented once the
bonds are priced in the near future.
• It was also noted that further letters to residents are not required.
There being no further discussion,
On VOICE vote with all in favor,the prior motion was adopted.
• Ms.Natalie Sidor from Raymond James addressed the Board regarding the process
of pricing the bonds.
FOURTH ORDER OF BUSINESS Consideration of Resolution 2018-07,
Delegation Resolution
• It was noted that the Resolution delegates authority to sign off on the bond issue
and that there are a number of Exhibits that will be attached to the document that
the Board has not reviewed. Therefore, Mr. Urbancic mentioned it would be best
to continue the meeting in order to give the Board time to review the documents
once available,to which the Board concurred.
FIFTH ORDER OF BUSINESS Continuance
There being no further discussion,
March 19,2018 Heritage Bay CDD
On MOTION by Mr.Hubbard seconded by Mr. Arcurie with all in
favor, the meeting was continued to Monday, March 26, 2018 at
9:00 a.m.at the Heritage Bay Clubhouse,located at 10154 Heritage
Bay Boulevard,Naples,Florida.
/(-
Jud Faircloth Edwin Hubbard
,•cretary Chairman