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09/11/2019 Minutes 1611 MINUTES OF MEETING CURRENTS COMMUNITY DEVELOPMENT DISTRICT The Regular Meeting of the Board of Supervisors of the Currents Community Development District will be held on Wednesday, September 11, 2019 at 11:00 a.m. at the offices of Coleman, Yovanovich& Koester,4001 Tamiami Trail North, Suite 300, Naples, Florida 34103. Present and constituting a quorum: John Wollard Chairman Ryan Futch Vice Chairman Robert D. Summers, II Assistant Secretary Timothy Martin Assistant Secretary Absent: Brian Keller Assistant Secretary Also present were: James P. Ward District Manager Greg Urbancic District Counsel Jeremy Arnold Interim District Engineer Audience: All resident's names were not included with the minutes. If a resident did not identify themselves or the audio file did not pick up the name, the name was not recorded in these minutes. FIRST ORDER OF BUSINESS Call to Order/Roll Call District Manager James P. Ward called the meeting to order at approximately 11:10 a.m. and all Members of the Board were present at roll call with the exception of Supervisor Keller. He noted all Members of the Board were elected at the Landowners Meeting held just prior to today's meeting. ORGANIZATIONAL MATTERS FOR THE DISTRICT SECOND ORDER OF BUSINESS Administration of Oath of Office Oath of Office for newly elected Board Members from the Landowners Meeting of September 11, 2019 I. Administration of the Oath of Office i Page 16I1 Currents Development District September 11, 2019 Mr. Ward stated he was a Notary Public in the State of Florida and as such he was authorized to administer the Oath of Office to the newly appointed Board Members. He distributed copies of the Oath of Office,administered the Oath of Office, and asked the newly appointed Members to sign and return the Oath to himself. II. Form 1—Statement of Financial Interests Mr. Ward provided a copy of the Form 1 — Statement of Financial Interests to the Board Members. He indicated this was required to be filled out and filed with the Supervisor of Elections in the County in which the respective Members of the Board each resided within 30 days or fines may be incurred. He noted for those who were already Members of another CDD Board, the Form should be amended to reflect the Currents CDD. He briefly explained the Form 1—Statement of Financial Interests. III. Guide to the Sunshine Amendment and Code of Ethics Mr. Ward provided copies of the Guide to the Sunshine Law and Code of Ethics for public employees. He recommended the Board Members read through these documents. He asked if all of the Board Members were familiar with these laws and codes. The Board Members responded in the affirmative; all were familiar with the Sunshine Amendment and Code of Ethics. Mr. Ward noted if there were any questions, the Board Members should feel free to contact himself or Mr. Urbancic. THIRD ORDER OF BUSINESS Consideration of Resolution 2019-1 Consideration of Resolution 2019-1 canvassing and certifying the results of the landowner's election of Supervisors held pursuant to Section 190.006(2), Florida Statutes. Mr. Ward reported Seat 1 would filled by John Wollard with 516 votes, Seat 2: Robert Summers with 510 votes,Seat 3: Brian Keller with 510 votes, Seat 4: Ryan Futch with 516 votes and Seat 5:Tim Martin with 510 votes. He reported Mr. Wollard and Mr. Futch would serve four year terms while Mr.Summers, Mr. Martin and Mr. Keller would serve two year terms. On MOTION made by Mr. John Wollard, seconded by Mr. Tim Martin, and with all in favor, Resolution 2019-1 was adopted as presented and the Chair was authorized to sign. FOURTH ORDER OF BUSINESS Consideration of Resolution 2019-2 Consideration of Resolution 2019-2 designating certain officers of the Currents Community Development District Mr. Ward stated Resolution 2019-2 named the officers of the Board. He noted a Chairperson and Vice Chairperson should be selected and the remaining Board Members would serve as Assistant Secretaries while he served as Secretary and Treasurer. He called for a simple motion. 2I 1611 Currents Development District September 11, 2019 I[ MOTION made by Mr. Tim Martin, seconded by Mr. John Wollard, and with all in favor, John Wollard was appointed as Chairperson and Ryan Futch was appointed as Vice Chairperson. _ �1 RETENTION OF PROFESSIONAL STAFF FOR THE DISTRICT FIFTH ORDER OF BUSINESS Consideration of Resolution 2019-3 Consideration of Resolution 2019-3 designating JPWard&Associates, LLC as the District Manager Mr. Ward noted Resolution 2019-3 appointed his firm, JPWard & Associates, LLC, as District Manager pursuant to the agreement which was attached to the Resolution. He noted the agreement had been reviewed and approved by Mr. Urbancic. On MOTION made by Mr. John Wollard, seconded by Mr. Tim Martin,-'I and with all in favor, Resolution 2019-3 was adopted as presented and the Chair was authorized to sign. SIXTH ORDER OF BUSINESS Consideration of Resolution 2019-4 Consideration of Resolution 2019-4 appointing Coleman,Yovanovich&Koester as District Counsel Mr. Ward reported Resolution 2019-4 appointed the firm of Coleman, Yovanovich& Koester as District's General Counsel. He noted Mr. Urbancic with Coleman, Yovanovich & Koester was present. He stated he had worked with Mr. Urbancic in many of his CDDs. He indicated Mr. Urbancic and his firm were beyond reproach with respect to the representation of governmental agencies. 'On MOTION made by Mr. Tim Martin, seconded by Mr. John Wollard, land with all in favor, Resolution 2019-4 was adopted as presented and rthe Chair was authorized to sign. SEVENTH ORDER OF BUSINESS Consideration of Resolution 2019-5 Consideration of Resolution 2019-5 appointing FMS Bonds, Inc.as District Underwriter Mr. Ward stated Resolution 2019-5 designated the firm of FMS Bonds, Inc. as the district underwriter. He stated the agreement was attached to the agenda package. He noted the fee structure was based upon the issuance of bonds at a flat fee of 2% which was standard. He stated he highly recommended FMS Bonds, Inc. 3I 0 a lot ' Currents Development District September 11,2019 On MOTION made by Mr. John Wollard, seconded by Mr. Tim Martin, and with all in favor, Resolution 2019-5 was adopted as presented and the Chair was authorized to sign. EIGHTH ORDER OF BUSINESS Consideration of Resolution 2019-6 Consideration of Resolution 2019-6 appointing Greenspoon Marder LLP as Bond Counsel, and authorizing the execution of an Agreement with Taylor Morrison of Florida, Inc. and Bond Counsel waiving any conflict of interest,relative to Greenspoon Marder LLP representation of Taylor Morrison of Florida,Inc. in various transactions unrelated to the District Mr. Ward stated Resolution 2019-6 appointed the firm of Greenspoon Marder LLP as Bond Counsel. He stated Denise Ganz with Greenspoon Marder was on the phone if there were any questions. He reported he had worked with Ms. Ganz for more than 30 years and highly recommended Greenspoon Marder and Ms. Ganz as Bond Counsel. On MOTION made by Mr. Tim Martin, seconded by Mr.John Wollard, sand with all in favor, Resolution 2019-6 was adopted as presented and the Chair was authorized to sign. NINTH ORDER OF BUSINESS Consideration of Resolution 2019-7 Consideration of Resolution 2019-7 appointing Waldrop Engineering as interim District Engineer and authorizing the preparation of the District's Engineer's Report for the Capital Improvement Program for the District Mr. Ward stated Resolution 2019-7 appointed Waldrop Engineering as the Interim District Engineer, and authorized preparation of the Capital Improvement Program. He explained the CDD had the ability to appoint an interim engineer; later in the Agenda there would be a Resolution regarding the Engineering Full Employment Act (Chapter 287 of the Florida Statutes) which required the District to advertise for Engineers on a qualification basis. He stated this would be done at a later date, but Waldrop Engineering could be appointed to serve in the interim. On MOTION made by Mr. John Wollard, seconded by Mr. Tim Martin, .and with all in favor, Resolution 2019-7 was adopted as presented and the Chair was authorized to sign. _i ADMINISTRATIVE MATTERS OF THE DISTRICT TENTH ORDER OF BUSINESS Consideration of Resolution 2019-8 4I Currents Development District September 11, 2019 Consideration of Resolution 2019-8 designating the Registered Agent' designating the Office of Location of the Registered Agent,and designation the offices or location as the office of record for the Currents Community Development District Mr. Ward stated Resolution 2019-8 designated the Registered Office, the Local Office of Record, and the Registered Agent for the District. He indicated he would act as the Registered Agent and Registered Office. He explained the Local Office of Record would be Mr. Urbancic's office at 4001 Tamiami Trail N., Suite 300. On MOTION made by Mr. John Wollard, seconded by Mr.Tim Martin, land with all in favor, Resolution 2019-8 was adopted as presented and ,the Chair was authorized to sign. ELEVENTH ORDER OF BUSINESS Consideration of Resolution 2019-9 Consideration of Resolution 2019-9 setting forth the policy with regard to the support and legal defense of the Board of Supervisors and District officers Mr. Ward stated Resolution 2019-9 set forth the policy with respect to the legal defense of the Board and the Officers. He stated essentially the Resolution indicated if any Officers, Staff or Board Members were sued individually as Members of the Board or professional staff, the District would provide legal defense. He noted he was in the process of obtaining Director's and Officer's Liability Insurance. He explained this Resolution allowed the CDD to proceed forward in the event a suit was brought against the District, Board Members or Staff. On MOTION made by Mr. Tim Martin, seconded by Mr. John Wollard, 'land with all in favor, Resolution 2019-9 was adopted as presented and ,the Chair was authorized to sign. TWELFTH ORDER OF BUSINESS Consideration of Resolution 2019-10 Consideration of Resolution 2019-10 adopting an electronic records policy and policy on the use of electronic signatures Mr. Ward stated Resolution 2019-10 adopted an electronic records policy and the use of electronic signatures for the District. He indicated his firm was completely electronic with respect to records. He noted State Law had caught up with technology for the most part and this Resolution conformed to State Law and indicated the District wished to use an electronics records policy for record storage. 'On MOTION made by Mr. John Wollard, seconded by Mr. Tim Martin, and with all in favor, Resolution 2019-10 was adopted as presented [and the Chair was authorized to sign. THIRTEENTH ORDER OF BUSINESS Consideration of Resolution 2019-11 5I - 16I 1 Currents Development District September 11, 2019 Consideration of Resolution 2019-11 designating a qualified public depository pursuant to Chapter 280 Florida Statutes, authorizing signatories on the account, authorizing the number of the signatories on the qualified depository account Mr. Ward stated Resolution 2019-11 designated a qualified public depository for the District pursuant to Chapter 280 of the Florida Statutes. He reported Statute required the CDD to name the bank which would hold the General Funds for the District. He explained a qualified public depository was a bank with more reserves for a public entity than for a private bank account. He noted most banks in the State of Florida were qualified public depositories. He stated he generally used SunTrust due to ease of use and recommended SunTrust; however, the CDD could choose whichever bank it wished. !On MOTION made by Mr. Tim Martin, seconded by Mr.John Wollard, land with all in favor, Resolution 2019-11 was adopted as presented ' land the Chair was authorized to sign. FOURTEENTH ORDER OF BUSINESS Consideration of Resolution 2019-12 Consideration of Resolution 2019-12 Authorizing the District Manager to advertise a Request for Qualification (RFQ), pursuant to the Chapter 287.055 F.S. (Consultants Competitive Negotiations Act) for a District Engineer Mr. Ward stated Resolution 2019-12 authorized the District Manager to advertise a Request for Proposal for the District Fngineer. He stated the Request for Proposal (or Request for Qualification)was attached for review. ;On MOTION made by Mr. John Wollard, seconded by Mr. Tim Martin, land with all in favor, Resolution 2019-12 was adopted as presented 1 and the Chair was authorized to sign. FIFTEENTH ORDER OF BUSINESS Consideration of Resolution 2019-13 Consideration of Resolution 2019-13 providing for the Public's opportunity to be heard, designating a public comment period, designating a procedure to identify individuals seeking to be heard, addressing public decorum,addressing exceptions Mr. Ward stated Resolution 2019-13 was a resolution regarding the public's opportunity to be heard, designating a public comment period during meetings and establishing a procedure to identify individuals seeking to be heard. He stated this Resolution also established protocol which ensured decorum during Board Meetings. On MOTION made by Mr.John Wollard, seconded by Mr. Tim Martin, and with all in favor, Resolution 2019-13 was adopted as presented II „and the Chair was authorized to sign. p 6I 1611 Currents Development District September 11, 2019 SIXTEENTH ORDER OF BUSINESS Consideration of Resolution 2019-14 Consideration of Resolution 2019-14 designating the Regular Meeting Dates, time and location for Fiscal Year 2020 Mr. Ward stated Resolution 2019-14 designated the dates, times and locations of Board Meetings. He stated this Resolution did not bind the Board to designated dates, times and locations; the Board could change the meetings as deemed appropriate. He stated this Resolution set the Meetings for the second Wednesday of each month at 1:30 p.m. at the offices of Coleman, Yovanovich & Koester,4001 Tamiami Trail North,Suite 300, Naples, Florida 34103. On MOTION made by Mr. Tim Martin, seconded by Mr. John Wollard, land with all in favor, Resolution 2019-14 was adopted as presented i and the Chair was authorized to sign. SEVENTEENTH ORDER OF BUSINESS Consideration of Resolution 2019-15 Consideration of Resolution 2019-15 granting the authority to the Chairperson, Vice Chairperson to execute real and personal property conveyances and dedications documents, and plats and other document related to the development of the District's improvements, subject to the approval of the District Manager, District Engineer and District Counsel is legal, consistent with the District's improvement plan and necessary for the development of the Improvements Mr. Ward stated Resolution 2019-15 granted the authority to the Chairperson and Vice Chairperson to execute certain actions on behalf of the District between Board Meetings as required. On MOTION made by Mr. John Wollard, seconded by Mr. Tim Martin, 'and with all in favor, Resolution 2019-15 was adopted as presented [and the Chair was authorized to sign. EIGHTEENTH ORDER OF BUSINESS Consideration of Resolution 2019-16 Consideration of Resolution 2019-16 designating a date, time and location of a public hearing regarding the District's intent to use the uniform method for the levy, collection, and enforcement of non-ad valorem special assessments as authorized by Section 197.3632, Florida Statutes Mr. Ward stated Resolution 2019-16 designated a date, time and location for a public hearing regarding assessments on October 14, 2019 at 11:00 a.m. at the offices of Coleman, Yovanovich & Koester, 4001 Tamiami Trail North, Suite 300, Naples, Florida 34103. He explained Districts had the ability to place assessments on the tax bill distributed by the Tax Collector and this was the first step in the process of establishing this methodology. He briefly explained the methodology process. Discussion ensued regarding the Meeting on October 14, 2019, being required to advertise for a certain amount of time prior to the public hearing which prevented holding the public hearing at the Regular Meeting on October 9, 2019,and postponing the October 9, 2019 Meeting until October 14,2019. 7I . ., 16I 1 Currents Development District September 11, 2019 On MOTION made by Mr. Tim Martin, seconded by Mr. John Wollard, and with all in favor, Resolution 2019-16 was adopted as presented I' and the Chair was authorized to sign. FISCAL YEAR 2020 BUDGET MATTERS NINTEENTH ORDER OF BUSINESS Consideration of Resolution 2019-17 Consideration of Resolution 2019-17 Approving the Proposed Budget for Fiscal Year 2020 and setting a Public Hearing for Wednesday, October 14, 2019 at 11:00 A.M. at the offices of Coleman, Yovanovich &Koester,4001 Tamiami Trail North,Suite 300,Naples, Florida 34103 Mr. Ward stated Resolution 2019-17 approved the proposed Budget for Fiscal Year 2020 and set the public hearing for the budget on October 14, 2019. IOn MOTION made by Mr. John Wollard, seconded by Mr. Tim Martin, and with all in favor, Resolution 2019-17 was adopted as presented and the Chair was authorized to sign. TWENTIETH ORDER OF BUSINESS Consideration of Agreement Consideration of Agreement with Taylor Morrison of Florida, Inc.to fund the District's Fiscal Year 2020 General Fund Operating Budgets in lieu of the District levying assessments Mr. Ward stated this was an agreement with Taylor Morrison of Florida Inc. to fund the Fiscal Year 2020 Budget in lieu of levying assessments. :On MOTION made by Mr. Tim Martin, seconded by Mr.John Wollard, land with all in favor, the Agreement with Taylor Morrison of Florida, Inc. was approved. CAPITAL IMPROVEMENT PROGRAM TWENTY FIRST ORDER OF BUSINESS Consideration of Resolution 2019-18 Consideration of Resolution 2019-18 declaring special assessments, designating the nature and location of the proposed improvements, declaring the total estimated cost of the improvements the portion to be paid by assessments, and the manner and timing in which the assessments are to be paid, designating the lands upon which the assessments shall be levied, providing for an assessment 8I 1 6 I i Currents Development District September 11, 2019 plat and a preliminary assessment roll, addressing the setting of a public hearing and providing for publication Mr. Ward stated Resolution 2019-18 declared special assessments, designated the total estimated costs, etc. He noted there were two exhibits attached to this Resolution: the Engineer's Report and the Special Assessment Methodology. He noted he would review this information if any Board Members were unfamiliar with the material. He stated the information could be reviewed for the Public at the public hearing on October 14, 2019. He noted this Resolution included significant land acquisitions for portions of water management which would be constructed, as well as the preserves within the community. He asked if there were any questions; there were none. On MOTION made by Mr. Tim Martin, seconded by Mr.John Wollard, and with all in favor, Resolution 2019-18 was adopted as presented [and the Chair was authorized to sign. TWENTY SECOND ORDER OF BUSINESS Consideration of Resolution 2019-19 Consideration of Resolution 2019-19 approving the District's post-issuance compliance guide for tax- exempt bonds Mr. Ward stated Resolution 2019-19 approved the post issuance compliance guideline for tax exempt bonds. He noted with the downturn of the real estate market the IRS came down hard on Districts with reporting requirements on bonds. He stated as a result bond counsel required CDDs to adopt these post issuance compliance guidelines. He indicated this was the same type of document the Board Members had seen in the past. On MOTION made by Mr. Tim Martin, seconded by Mr. John Wollard, I j and with all in favor, Resolution 2019-19 was adopted as presented Land the Chair was authorized to sign. TWENTY THIRD ORDER OF BUSINESS Consideration of Resolution 2019-20 Consideration of resolution 2019-20 of the currents community development district authorizing the issuance of its capital improvement revenue bonds, in one or more series, in an aggregate principal amount not exceeding $90,620,000.00 to finance the cost of public infrastructure and facilities benefiting district lands and/or acquiring related interests in land and for refunding purposes; approving the form of a master trust indenture relating to the bonds and bond anticipation notes and authorizing execution of the master trust indenture; providing for indentures supplemental thereto; appointing a trustee, paying agent and bond registrar for the bonds and bond anticipation notes; approving the form of and authorizing execution of the bonds and bond anticipation notes; authorizing the application of the proceeds of the bonds and bond anticipation notes; authorizing judicial validation of the bonds; providing for miscellaneous matters and authority; providing for severability;and providing an effective date 9I : ; i 6 1 1 Currents Development District September 11, 2019 Mr. Ward stated Resolution 2019-20 was relatively important. He asked Ms. Denise Ganz to review this Resolution. Ms. Denise Ganz reported the District would embark upon a financing program for issuing long term bonds for public improvements. She explained Chapter 190 which applied to Community Development Districts and the requirements regarding funding through bonds. She explained Resolution 2019-20 approved the long term bond financial plan including the short term bond anticipation note plan, and authorized the issuance of bonds in an amount not to exceed $90,620,000 dollars; it approved the form of a master trust indenture pursuant to which the bonds and notes would be issued, and authorized validation. 1On MOTION made by Mr.Tim Martin, seconded by Mr. John Wollard, ',and with all in favor, Resolution 2019-20 was adopted as presented G and the Chair was authorized to sign. TWENTY FOURTH ORDER OF BUSINESS Consideration of Resolution 2019-21 Consideration of resolution 2019-21 of the Currents Community Development District authorizing the issuance of not exceeding $15,000,000 in aggregate principal amount of its bond anticipation note, series 2019 to finance all or a portion of the cost of a series project consisting of the acquisition of certain interests in land to be improved as part of the infrastructure and facilities benefiting certain district lands,funding the series reserve account for the series 2019 note and paying costs of issuance of the series 2019 note; authorizing the issuance of its capital improvement revenue bonds in one or more series for the principal purpose of paying the principal of and interest on the series 2019 note at maturity or earlier permitted redemption; approving the form, and authorizing the execution and delivery, of a first supplemental indenture in connection with the series 2019 note; ratifying the appointment of a trustee, paying agent and bond registrar for the series 2019 note; providing for redemption of the series 2019 note; authorizing the application of the proceeds of the series 2019 note; approving the form, and authorizing the execution and delivery, of a note purchase contract providing for the negotiated sale of the series 2019 note; delegating to the chairperson or vice- chairperson, or in their absence any member of the board of supervisors, the authority to award the series 2019 note within the parameters specified herein; approving the form,and authorizing the use, of a preliminary limited offering memorandum for the series 2019 note; approving the distribution of a final limited offering memorandum for the series 2019 note and the execution thereof; approving the form, and authorizing execution, of a continuing disclosure agreement; providing for miscellaneous matters and authority; providing for severability;and providing an effective date Ms. Ganz stated Resolution 2019-21 was needed to enable the short term bond anticipation note financing. She explained this authorized the issuance of bond anticipation notes, not to exceed $15 million dollars, for the purpose of acquiring lands. She stated the Resolution authorized certain findings related to the negotiated sale of the note to FMS Bonds as the underwriter of the bonds and approved financing documents and marketing documents which would be needed to accomplish the sale of the notes. She further explained the Resolution and discussed the agreements and memorandums involved. She stated the parameters of the note were set forth through the Resolution: not exceeding$15 million dollars, not exceeding the maximum principle interest rate permitted by law, and not having a maturity of more than five years. She stated the plan was for a short term note, probably one year to eighteen 10IPage Currents Development District September 11,2019 16 I 1 months, while awaiting more information from the underwriters regarding the exact terms. She stated the note would be procured from the proceeds of special assessments or future series bonds issued to refinance the note. She stated this Resolution authorized the issuance of this note with those terms with the understanding the note would be paid at maturity from proceeds from a future series of bonds. She stated if this Resolution was approved, the CDD would not need to come back to the Board for any further authorization, but the note would not be issued until after the special assessments were equalized,after the public hearing on October 14, 2019. jiOn MOTION made by Mr. Tim Martin, seconded by Mr. John Wollard land with all in favor, Resolution 2019-21 was adopted as presented and the Chair was authorized to sign. TWENTY FIFTH ORDER OF BUSINESS Consideration of Agreement Consideration of Bond Financing Team Fund Agreement Mr. Ward noted there were two agreements with Taylor Morrison, one financed the General Operation Budget (approved earlier in the Meeting) and the other was the Bond Financing Team Fund Agreement which indicated if there were any costs related to the financing itself,the costs would be initially funded by the Developer,and the CDD would reimburse the Developer from bond proceeds. On MOTION made by Mr. Tim Martin, seconded by Mr. John Wollard, and with all in favor, the Bond Financing Team Fund Agreement was ,approved. TWENTY SIXTH ORDER OF BUSINESS Staff Reports Staff Reports a) District Attorney Mr. Urbancic stated a ministerial act would be recording the Notice of Establishment for the District. b) District Engineer No report. c) District Manager No report. TWENTY SEVENTH ORDER OF BUSINESS Supervisor's Requests and Audience Comments There were no Supervisor's requests and no audience members were present. 11 1 - t6ll Currents Development District September 11, 2019 TWENTY EIGHTH ORDER OF BUSINESS Adjournment Mr. Ward adjourned the Meeting at approximately 11:43 a.m.ran MOTION made by Mr.Tim Martin, seconded by Mr.John Wollard, and with all in favor,the meeting was adjourned. Currents Community Development District James P.Ward, Secretary John !lard, Chairperson 12 I 161 1' MINUTES OF MEETING CURRENTS COMMUNITY DEVELOPMENT DISTRICT The Landowners Meeting of the Currents Community Development District was held on Wednesday, September 11, 2019 at 11:00 a.m. at the offices of Coleman,Yovanovich& Koester,4001 Tamiami Trail North, Suite 300, Naples, Florida 34103. Landowners: Tim Martin Also present were: James P. Ward District Manager Greg Urbancic District Counsel John Wollard Ryan Futch Jeremy Arnold Audience: All resident's names were not included with the minutes. If a resident did not identify themselves or the audio file did not pick up the name, the name was not recorded in these minutes. FIRST ORDER OF BUSINESS Call to Order Mr.James P. Ward called the meeting to order at approximately 11:05 a.m. SECOND ORDER OF BUSINESS Election of Chairperson Election of a Chairperson for the Purpose of Conducting the Landowner's Meeting Mr. Ward noted Mr.Tim Martin was the only landowner present. He requested Mr. Martin's permission to continue to conduct meeting. Mr. Martin agreed. THIRD ORDER OF BUSINESS Election of Supervisors Election of Supervisors I. Determination of the Number of Voting Units Represented or Assigned by Proxy Mr. Ward stated Mr. Timothy Martin with Taylor Morrison was present and representing the developer. He noted Mr. Martin was an officer of Taylor Morrison and as such was authorized to vote in today's meeting. 1I 16l1 Currents Development District September 11, 2019 II. Nominations for Supervisor's(Five Positions) Mr. Ward asked Mr. Martin to nominate five individuals to serve on the Board of Supervisors. Mr. Martin nominated Mr. John Wollard, Mr. Robert D. Summers, II, Mr. Brian Keller, Mr. Ryan Futch, and Mr.Timothy Martin. III. Casting of Ballots Mr. Ward provided Mr. Martin with a ballot and noted the two individuals who received the highest number of votes (516 votes) would serve a four year term while the three individuals who received a lesser number of votes would serve a two year term. He asked Mr. Martin to fill out the ballot. IV. Ballot Tabulations and Results Mr. Ward reported Mr. Wollard received 516 votes and would be sworn in at the next meeting to serve a four year term. He reported Mr. Summers received 510 votes and would be sworn in at the next meeting to serve a two year term. He reported Mr. Keller received 510 votes and would be sworn in at the next meeting to serve a two year term. He reported Mr. Futch received 516 votes and would be sworn in at the next meeting to serve a four year term. He reported Mr. Martin received 510 votes and would be sworn in at the next meeting to serve a two year term. FOURTH ORDER OF BUSINESS Landowner's Question or Comments Mr. Ward asked if there were any landowner questions or comments;there were none. FIFTH ORDER OF BUSINESS Adjournment Mr. Ward adjourned the meeting at approximately 11:08 a.m. Currents Community Development District James P.hard,Secretary John (lard, Chairperson 2I