11/10/2015 Minutes to
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THE MINUTES OF MEETING OF THE
FLOW WAY COMMUNITY DEVELOPMENT DISTRICT
The Regular Meeting of the Flow Way Community Development District's Board
of Supervisors was held on Tuesday, November 10, 2015, at 3:00 p.m., at the Offices of
Coleman, Yovanovich & Koester, P.A., 4001 Tamiami Trail North, Suite 300, Naples,
Florida 34103.
Present and constituting a quorum were:
John Asher Chairman
Keith Berg Assistant Secretary
Chris Batchelor Assistant Secretary
Absent were:
Anthony Burdett Assistant Secretary
Steve Reiter Assistant Secretary
Also present were:
James P. Ward District Manager
Greg Urbancic District Counsel
David Williams District Engineer
Misty Taylor Bond Counsel (telephonically)
1. Call to Order& Roll Call
Mr. Ward called the meeting to order at 3:00 p.m., and roll call determined that all
members of the Board were present.
2. Consideration of Resolution 2016-3
CONSIDERATION OF RESOLUTION 2016-3 OF THE BOARD OF SUPERVISORS OF
FLOW WAY COMMUNITY DEVELOPMENT DISTRICT AUTHORIZING THE
ISSUANCE OF NOT TO EXCEED $5,800,000 AGGREGATE PRINCIPAL AMOUNT OF
ITS FLOW WAY COMMUNITY DEVELOPMENT DISTRICT SPECIAL ASSESSMENT
BONDS, SERIES 2015 (PHASE 4 PROJECT), IN ONE OR MORE SERIES (THE
"SERIES 2015 BONDS"); DETERMINING CERTAIN DETAILS OF THE SERIES 2015
BONDS; APPROVING THE FORM OF AND AUTHORIZING THE EXECUTION AND
DELIVERY OF A THIRD SUPPLEMENTAL TRUST INDENTURE; AUTHORIZING THE
NEGOTIATED SALE OF THE SERIES 2015 BONDS; APPOINTING THE
UNDERWRITER :APPROVING THE FORM OF AND AUTHORIZING THE
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Flow Way Community Development District November10, 2016
EXECUTION AND DELIVERY OF A BOND PURCHASE CONTRACT WITH RESPECT
TO THE SERIES 2015 BONDS AND AWARDING THE SERIES 2015 BONDS TO
THE UNDERWRITER NAMED THEREIN PURSUANT TO THE PARAMETERS SET
FORTH IN THIS RESOLUTION; APPROVING THE FORM OF AND AUTHORIZING
THE DISTRIBUTION OF THE PRELIMINARY LIMITED OFFERING MEMORANDUM
AND ITS USE BY THE UNDERWRITER IN CONNECTION WITH THE OFFERING
FOR SALE OF THE SERIES 2015 BONDS AND APPROVING THE EXECUTION AND
DELIVERY OF A FINAL LIMITED OFFERING MEMORANDUM; AUTHORIZING THE
EXECUTION AND DELIVERY OF A CONTINUING DISCLOSURE AGREEMENT
AND THE APPOINTMENT OF A DISSEMINATION AGENT, A TRUE UP
AGREEMENT, AN ACQUISITION AGREEMENT, AN ASSIGNMENT AGREEMENT,
AND A COMPLETION AGREEMENT; PROVIDING FOR THE APPLICATION OF
SERIES 2015 BOND PROCEEDS; AUTHORIZING THE PROPER OFFICIALS TO DO
ALL THINGS DEEMED NECESSARY IN CONNECTION WITH THE ISSUANCE, SALE
AND DELIVERY OF THE SERIES 2015 BONDS; MAKING CERTAIN DECLARATIONS;
APPOINTING A TRUSTEE; PROVIDING FOR THE REGISTRATION OF THE BONDS
PURSUANT TO THE DTC BOOK-ENTRY SYSTEM; PROVIDING AN EFFECTIVE
DATE AND FOR OTHER PURPOSES.
Misty Taylor provided to the Board a brief summary of Resolution 2016-3 as described
above.
On Motion was made by Mr. Asher, and seconded by Mr. Berg, to adjourn the
meeting, and with all in favor the motion was approved.
3. Staff Reports
a) District Attorney - Mr. Urbancic stated he has no additional report.
b) District Engineer- Mr. Williams stated he has nothing to report.
c) District Manager- Mr. Ward stated he has nothing further to report.
4. Supervisor's Requests and Audience Comments
There were no members of the public present.
5. Adjournment
On Motion was made by Mr. Batchelor, and seconded by Mr. Berg, to adjourn the
meeting, and with all in favor the motion was approved.
The meeting was adjourned at 3:14 p.m.
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Flow Way Community Development District November10,2016
Flow Way Community Development District
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Jame . Ward, Secretary John Arher, Chairman
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