MINUTES OF MEETING SCENIC HIGHWAY
COMMUNITY DEVELOPMENT DISTRICT

The Regular Meeting of the Board of Supervisors of the Scenic Highway Community Development District was held on Thursday, March 19, 2020 at 10:30 a.m. at 346  E. Central Ave. Winter Haven, Florida 33880.

Present and constituting a quorum were:

Rennie Heath Lauren Schwenk Andrew Rhinehart Patrick Marone

Also, present were:

Jil] Bums
Roy Van Wyk via phone

FIRST ORDER OF BUSINESS
Chairman
Vice Chairwoman Assistant Secretary Assistant Secretary

District Manager, GMS Hopping Green & Sams

Roll Call
Ms. Burns called the meeting to order. There were four members present constituting a quorum.

SECOND ORDER OF BUSINESS	Public Comment Period
Ms. Burns noted there were no members of the public present at the meeting.

THIRD ORDER OF BUSINESS	Approval of Minutes of the February 20,
2020 Board of Supervisors Meeting
Ms. Burns asked for questions, comments, or corrections on the minutes. The board  had no changes.
March 19, 2020	Scenic  Highway COD

FOURTH ORDER OF BUSINESS	Consideration	of	Personnel	Leasing
Agreement
Ms. Burns stated the agreement was with JMBI Real Estate, LLC to lease employees to assist the District Manager and the District Engineer with the administration and processing of construction related activities.

FIFTH ORDER OF BUSINESS	Consideration	of	Supplemental
Methodology for Phase 1
Ms. Burns stated the board previously approved a Master Report. This report outlines the Assessment Area I issuance and outlines the debt that will be allocated  to the properties  within the District based on the benefit that they receive. Ms. Burns stated Table 1 shows 225 lots in Assessment Area 1 with the same ERU as they are similar in size, so they will  be assessed equally. Table 2 shows the Capital Improvement Plan that is in Assessment  Area  1. Table  3 is the Bond Sizing showing two different construction funds; one for Phase 1 and one for Phase 2 with the total par amount of bonds at $4,580,000. Table 4 shows the improvement cost per unit. Table 5 shows the par debt per unit at $20,356. Table 6 shows the net and gross annual debt assessment per unit at $1,212 for the net amount and $1,304 for the gross annual debt which includes the gross amount to be collected on the tax bill. Table 7 is the Preliminary Assessment Roll that shows the two property owners with the debt allocated by acre.  Ms.  Burns asked  for any questions.
Mr. Van Wyk asked Ms. Bums to confirm that the Supplemental Methodology is consistent with the Master Methodology; Ms. Bums replied yes, it is. Mr. Van Wyk asked in Ms. Bums opinion that the benefit received by the parcels is equal to or greater  than  the  burden placed on the property by the assessment amount; Ms. Bums replied yes, it is. Mr. Van Wyk  asked in Ms. Burns opinion that the assessments are fairly and reasonably apportioned across the property types; Ms. Bums replied yes.
Ms. Schwenk stated they had discussed what the net is with the early payment fees and if that was acceptable to the builder or not. She asked if they could pass it and  come  back  and revise it. Mr. Van Wyk stated yes. Ms. Schwenk made a note to check the contract.

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March 19, 2020	Scenic Highway CDD

SIXTH ORDER OF BUSINESS
Attorney
There being none, the next item followed.
Staff Reports

Engineer
There being none, the next item followed.

District Manager's Report
Approval of Check Register

Balance Sheet and Income Statement
Ms. Bums stated the financials are included in the package, but no action is needed.

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

EIGHTH ORDER OF BUSINESS

There being none, the next item followed.

NINTH ORDER OF BUSINESS
Other Business

Supervisors	Requests	and	Audience Comments

Adjournment

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