MINUTES OF MEETING

SHINGLE CREEK

COMMUNITY DEVELOPMENT DISTRICT

The  regular  meeting

of

the  Board

of

Supervisors

of

the

Shingle

Creek  Community

Development District was held on Monday, December 10, 2018 at 12:00 p.m. at the Oasis Club	
at ChampionsGate, 1520 Oasis Club Blvd., ChampionsGate, Florida.	
Present and constituting a quorum were:		
Rob Bonin	Chairman (Appointed)	
Lane Register	Chairman (Resigned)	
Adam Morgan	Vice Chairman	
Mark Revell	Assistant Secretary	
Barry Bichard	Assistant Secretary	
Also present were:		
George Flint	District Manager	
Andrew d' Adesky	District Counsel	
Michael Enot	District Engineer	
Alan Scheerer	Field Manager	

FIRST

ORDER

OF

BUSINESS

Roll Call

Mr.

Flint called the meeting to order and called the roll.  A quorum was present.

SECOND ORDER OF BUSINESS	Public Comment Period	

Mr.

Flint:

Only Board Members and staff are present, so there are

no

public comments.

THIRD ORDER OF BUSINESS	Organizational Matters	

A.

Acceptance of Resignation of Alvey to FuliIII the Board Vacancy with a

Kaufman and Appointment of Individual Term Ending November 2019

Mr.

resignation.

Flint:	We have a resignation from Mr. Kaufman.	We need a motion to accept the

On MOTION by Mr. Register seconded by Mr. Morgan with all in favor accepting Alvey Kaufman's resignation was approved.

December 10, 2018	Shingle Creek COD		

Mr.

Flint:  Any time there is	a vacancy on the Board, the remaining Board Members	

appoint the Mr.

replacement. Are there any nominations at this time to Register: I appoint Rob Bonin.

fill

that

position?

On MOTION by Mr. Register
favor the appointment of Rob
a term ending November 2019

seconded by Mr. Morgan with Bonin to fill the Board vacancy was approved.

all in
with

B.

Administration

of

Oath

of

Office to Newly

Appointed

Board

Member

Office

Mr. Flint, a Notary to Mr. Bonin.

of

the

State

of

Florida

and duly authorized,

administered the

Oath

of

Mr.

Flint:	Since  you  are  already  on other  CDD  Boards,  we

don't

need  to  discuss

financial disclosure and the other	the		
information.  Now that Mr. Bonin is on			
Mr. Register may be resigning.			
Mr. Register:  That is correct.			
Mr. Flint:  We need a motion to accept Mr. Register's resignation.			
On MOTION by Mr. Morgan seconded by Mr. Revell with		
favor accepting Lane Register's resignation was approved.			
Mr. Flint:  Thank you for your service.			

Board, I understand

all in

Mr.

Register left the meeting.

Mr.	Flint:  Since Lane resigned, there is another	
	vacancy.  Are there any nominations to	
fill this seat?

Mr.

Morgan:  I appoint Barry Bichard.			
On MOTION by Mr. Morgan	seconded by Mr.	Revell with all in	
favor the	appointment of Barry Bichard to fill the Board vacancy	
with a term ending November 2021 was approved.	

Office

Mr. Flint, a Notary to Mr. Richard.

of

the

State

of

Florida

and duly authorized,

administered the

Oath

of

Mr.

Flint:

Barry,

I

don't

think you are on any other CDD Boards.

Mr.

Bichard:  I am not on any other CDD Board.

2

December 10, 2018								Shingle Creek CDD		
												
Mr. Flint:	Behind the Oath is a Financial							
						Disclosure Form that is required by the State of		
Florida to	be filed within	30 days of today with the Supervisor of	Elections in the County you		
											
reside in.		It's important to file this form because the	Commission on Ethics has the ability to		
									
fine if you don't submit it.	Annually they will send you a	revised one in June.	It's	due on July		

pt_													
Mr. d' Adesky:  I will discuss	everything with Barry after the meeting.	I actually have a		
								
packet of	information with Chapter  190, Code of Ethics and the	Sunshine Law.	The most		
												
important thing to											
		remember is that you are now a public						
							official and are not permitted to discuss		
any CDD	business outside	of meetings.	Remember your emails can be audited for public records		

requests, so just keep that in mind when you are							
						talking about CDD business.				

C.

Consideration

of

Resolution 2019-01 Electing Officers

	Mr. Flint:	Since we shifted the Board around, you may want to consider officers at this		
					
time.  We	included	Resolution 2019-01 in your agenda, electing a Chair, Vice Chair, Secretary,		
						
Assistant Secretaries, Treasurer and Assistant Treasurer.	Previously, Mr. Register was Chair,		
	Morgan was Vice Chairman, I					
Mr.		was Secretary and the other three  Board Members were		
										
Assistant Secretaries.  Ariel Lovera, the District Accountant was		
								Treasurer.  I'm not sure if we		
had an Assistant Treasurer.						
	Mr.	Morgan:  Rob, did you want to be Chair and I will continue as Vice Chair?		
										
	Mr.	Bonin:  Yes, I will serve	as	Chair.  Are you going	to be		
									
								available in the first quarter		
of2019?									
	Mr.	Morgan:  Absolutely.						
		On	MOTION by Mr.	Morgan seconded by -Mr.	Revell with all in		
		favor  Resolution 2019-01  Electing Officers as  stated above was		
		adopted.						

FOURTH ORDER OF BUSINESS

Approval
Meeting

of

Minutes of the

October

1,

2018

Mr.	Flint:	You have the minutes from the		
				
package.  Did the Board have any additions, deletions		
Mr.	Morgan:  They look good.		

October 1, 2018 meeting in your agenda or corrections?

Mr.

presented.

Flint:

If

there are

no

corrections, we need  a motion

to

approve the minutes as

3

December 10, 2018	Shingle Creek CDD		

On MOTION by favor the minutes as presented.

Mr.	Morgan seconded by Mr. Revell		
			
of the October 1,	2018 meeting were		

with all in
approved,

FIFTH

ORDER

OF

BUSINESS

Ratification	of	the	Amended  and  Restated	
Notice of Establishment	

Mr. Flint:	Because we recently expanded the			
			boundaries of the District, District Counsel		
recorded a revised Notice of				
		Establishment, reflecting the expanded	boundaries of the District.		
						
It's  something the  District is  required to  do,  so  anyone  who  purchases  property  within the		
District will know that the property is	Do you have anything else, Andrew?		
		within a CDD.			
Mr. d' Adesky:  No.				
Mr.						
Morgan:  Does that include Westgate?				
Mr.						
d'Adesky:  Yes, every time you form or	expand a CDD, you are required to record a		
					
new notice, so everybody knows we are within a CDD.  You have to record it in 90 days and we		
have it	so	we don't miss that				
ratified,						
		requirement and get into trouble.			
Mr.						
Morgan:  Sure, so that's part of the Interlocal Agreement?			
Mr. d'Adesky:  Yes, it was				
		recorded when the District was expanding when we received		
the ordinance.	The Interlocal				
		Agreement is a requirement of Osceola County and not statutory.		
They are						
requiring it for every single CDD when you expand or establish.		
Mr. Bonin:  Is the 569.4 acres what the new expanded			
			boundary encompasses and is there		
a map that goes with this?				

2-2A

clock.

If not,

Mr.	Morgan:	It's in the Engineering Report.			
					
Mr.	Enot:  Exhibit 2-1 shows the District			
		boundary.  The legal that goes with it is Exhibit		
and 2-2B.				
Mr.	Morgan:	Andrew, are we going to establish a different CDD for the Bronson tract?		
				
Mr.	d'Adesky:  That was what Chip said to me.		
			
Mr.	Morgan:  Yes, because there are enough units to support that.		
			
Mr.	d'		It		
	Adesky:  That was my understanding.			
			makes sense to me because it resets the		
Mr.	Morgan:  Absolutely.			
Mr.	Flint:  Are there any questions on the amended and restated Notice of Establishment?		
we need a motion to ratify it.			

4

December 10, 2018	Shingle Creek CDD		

On MOTION by Mr. favor the Amended ratified.

Bonin seconded by and  Restated  Notice

Mr. of

Morgan with all in Establishment was

SIXTH ORDER OF BUSINESS	Ratification	of	Interlocal  Agreement  with		
					
	Osceola County			

Mr.

d'

Adesky:

This is the same thing.	The Interlocal Agreement is required by Osceola

County that. It

and has Mr.

includes a lot of notices and development information. Mark McDonald worked on all been reviewed, signed off on, executed by the County and recorded. Flint: We need a motion to ratify the execution of the Interlocal Agreement.

On MOTION by Mr. Morgan seconded by Mr. Revell with all in favor the Interlocal Agreement with Osceola County was ratified.

SEVENTH ORDER OF BUSINESS	Consideration

Approving the

of
Phase

l

-

Resolution	2019-02	
3B Plat		

Mr.

d'

Adesky:

There was  a requirement

of

the  County

to

get proof that the  Board

approved the dedications on the I-3B plat.  I reviewed it and don't have any objections, it seems		
to be standard.	Therefore,	I ask that the Board to approve this and allow the Chair and Vice		
					
Chair to sign so we can forward it to the County to sign off on the plat and process in a timely		
fashion.							
Mr. Morgan:	Barry, did you review this plat and approve?		
					
Mr. Bichard:  Yes.				
Mr.	Morgan:  Do we have to	amend it because we changed something or are we just		

resubmitting it?						

Mr.

d' Adesky:  There was a revision that I received

On MOTION by Mr. Morgan seconded by favor Resolution 2019-02 Approving the adopted.

this week, but it was minor.

Mr. Revell with all in Phase 1-3B Plat was

EIGHTH

A.

B.

ORDER OF BUSINESS	Financing Matters	
Consideration of		
Supplemental Engineer's Report	
Consideration of Master Assessment Methodology	
	Report	

Mr.

Flint:	I	distributed  the  latest  version	

of

the	Engineer's	Report	and	Master

Assessment  Methodology  Report.	These  documents	are  drafts.

The

purpose

of

the  two

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December 10, 2018																Shingle Creek CDD		
																				
resolutions that we are asking you to	consider today is to declare the District's intent to put the		
										
special	assessments in place and set the date of the public	hearing.  You are not approving the		

Engineer's Report and Master Assessment Methodology  Report in its  final  version,  but are		
initiating the public hearing process,	which will allow us	to	impose	assessments	in	the expansion		

area, the Westgate parcel,	which	is also called The Cove.  The									
													Engineer's Report addresses costs		
for the 2015 assessment area, which was the previous assessment area before the boundaries		
were  expanded.   He  also  included  costs  associated  with  The  Cove,  which is the  Westgate		
expansion parcel.  The methodology only deals with the expansion parcel because the boundaries		
of the District prior to the	expansion, had a lien from the Series 2015	bonds.  So, we will have to		

figure out when the Underwriter issues the	bonds, how we are going to  structure that, but for		
													
purposes of today, we are initiating the process of putting	assessments on the expansion piece.		
														
Mr.	Morgan:  Is this for the $9	million in bonds that we need?								

Mr.	d'																				
		Adesky:  Yes, the total amount would be around $9 million.							
Mr.	Morgan:  For the 195	units.														
																	
Mr.	d' Adesky:	Correct, the issue is that the Westgate portion has never gone through this		
					
assessment	process, so we have	to place a notice, hold a public hearing and go through all of		
					
that, whereas the property that is within the District has already gone through that process.		
Mr.	Morgan:	So  this	would  be  like  a  subset  within the  CDD,  but  for  a different		
							
assessment area?																				
Mr.	d' Adesky:	Exactly.		It would be for a different assessment area that does not have		
							
bonds, as well as the Westgate portion.	Like I said, there is going to be	a lot	of	discussion on		
how we structure it on the business side,	whether or not there are two series	of	bonds or two		
														
separate assessment areas within one	series	of bond.  That's something we	will have to work out,		
											
but the  important thing  is  that the Engineer's  Report  and Master Assessment  Methodology		
Report identify the 'ceiling, the high end.  The bonds will	inevitably come	in	under that.  We will		
																
finalize it and bring the	amount down to	actuals, once we get further along	in	the process.		
								
Mr.	Morgan:  Okay.																		

Mr. Flint:	The District

Page 14, which is Mr. Enot's

Cove, which total $6.7 million.

Engineer broke the expansion	on		
property costs out in Table 9.2			
estimate of probable costs related to the improvements in The		
Do you have anything else Mike that you want to point out?			

Mr.

Mr.

Enot:  No.

Flint:  Are

there any questions for the District Engineer?

6

December 10, 2018

Shingle Creek

CDD

	Mr. Bonin:	Refresh my	memory on your response email this morning about the game		
											
plan you are talking about.																
Mr. Flint:  As	I mentioned, the											
												Series 2015 overlaid the entire	boundaries of the District		
																					
before the expansion took place for	Westgate.  There is a lien across all of the parcels, with the		
												
exception of Westgate, which has an	existing assessment lien over the District.  The first couple		
													
of units	absorbed the Series 2015 bonds leaving room for additional bonds to be issued under		
			
that initial levy.	We	expanded the boundaries of	the District to bring in the Westgate parcel.		
									
What we are doing at this point is  imposing a	lien on the Westgate  parcel because there is		
already	an	existing  lien  on the rest		of the  property.  Mike  estimated  the	cost of The  Cove		
improvements  at  about  $6.7  million  and	Table	1  on  Page  10	of		the	Master  Assessment		
																				
Methodology Report shows the	Development Plan.  There are 195	single-family homes planned		

for  the  Westgate  expansion  area,  what  we  are  calling  The  Cove  assessment  area.  Table  2		
identifies the engineer's estimated improvement costs at 6.7	million.  That is taken directly from		
																			
his report.																						
Mr.	Bonin:	I want to be clear on what 195	is.								
																						
Mr.	Flint:  Those are the units to be											
												constructed in the expansion.			
Mr.	Morgan:  In the Cove.															
Mr.	Bonin:  But it's more than that.	Where did this number come from?		

Mr.	Enot:	It was	based on what I	was provided;	however, Mark McDonald sent me a		

new exhibit for The Cove.																	
Mr.	Bonin:	I can't read the Cove plat, but	it	has 237 lots.						
																						
Mr.	Enot:	I thought there were	241 lots, but a portion was already accounted for.		
Mr.	Bonin:  That's what I want	to be clear	on.								
Mr.	Flint:  A portion of that was in the original boundaries.						
Mr.	Bonin:  That's what I want	to be clear about.								
Mr.	d'	Adesky:  That is the piece we added.	Westgate has	195		units.  The plat is larger		

than that, I just wanted to be clear.														
Mr.	Flint:	It's	good to ask these questions.										
Mr.	Enot:	I think Mark McDonald changed the numbers, but if	it changes again, he can		
always send me those changes.																

7

December 10, 2018																						Srnngle Creek CDD		
																												
	Mr.	d'																									
				Adesky:  The benefit is for the larger	issuance, you can	include some of those		
																	
master improvements and not just focus on The Cove	improvements, so	you are getting that as		
																		
part of the issuance to reimburse some of those expenses.														
	Mr. Flint:	Table 3 on Page 12, takes the $6.7 million in estimated probable costs for the		
							
improvements and	we add a debt service reserve of one year's maximum annual debt.  What we		
are doing is creating a ceiling.  We don't	anticipate that	we are going to	issue	$9 million in bonds		
																	
for The Cove because the per unit	assessment would	be	much higher	than	what the market is		
																
going to bare.  You only want to go	through this once	so	you are doing	the	worst-case scenario		
																	
here.  For capitalized interest (Cl), we have 24 months.	Statutorily, you	can	go up to 36 months.		
																			
We don't expect it to be 24	months.  You want to time it with	either May	pt	or November l51,		

depending	on when you issue and what the developer wants to	do as far	as	how	long they want to		
capitalize the interest.  There is a 2% Underwriter's discount,	which is	per contract between the		
																					
District and	FMSbonds.	We put the cost	of issuance (COi) at $220,000, but it will come in		
								
lower than that.  Then we added a	contingency to round it up	to $9 million.		So,	we have a par		
															
amount of	$9 million, understanding that when we actually issue bonds,	it's	likely to be lower		
than that.	Table 4 takes the cost of	those improvements and allocates it to the	195	units, resulting		
							
in $34,484 per unit.  Table 5 takes the par debt and							195	units,	so	when you take		
													allocates it to the						
the	improvement cost plus all of the other costs involved in issuing										
																			bonds, you are at $6,154 per		
unit.  Table 6 shows what the per unit annual assessment	would be if we	were	to issue the full $9		
																				
million.  The net assessment is $3,353 and the gross is	$3,605.  Our plan is when we ultimately		
																	
issue, we	are going to be match it with the																
													assessment levels that are									
																				currently in place for the		
Series 2015 bonds.																									
	Mr.	Bonin:  That's the plan.																					
	Mr.	Flint:		It will	come  in lower	when we	price them.	Table	7	is the Preliminary		
																								
Assessment Roll, the legal	description of	the expansion area and the	acreage, divided into the par		

and  improvement  costs.   Are  there  any  questions  on  the  Engineer's  Report  and  Master		
Assessment Methodology Report?  We will be refining these reports between now and the public		
hearing.																												

Mr.	Bonin:  The other email that I sent was about the process.		
			
Mr.	Flint:  As long as we don't go higher than the		
	amounts in these existing reports,		
can revise them up to the public hearing.		
Mr.	Morgan:  Is this estimated construction budget accurate to our budget?		

we

8

December 10, 2018		Shingle Creek CDD		
					
Mr. d' Adesky:  Its close, but it's not going to be more than that.		
Mr.	Flint:  At this point, it's	a good probable cost estimate,	understanding that you are		
					
likely to come in much lower.  You will have some room.			
Mr.	Morgan:  So what are we approving at this point?			
				
Mr.	Flint:  Resolution 2019-03.			

C.

Consideration

of

2019-03 Declaring Special Assessments

Mr. d'Adesky:	Resolution 2019-03 declares the special assessments.  The blanks will be		
			
filled in with the numbers that George just mentioned.	It attaches and approves the Engineer's		
Report, as well as the preliminary Master Assessment Methodology		
				Report and directs the Board		
to proceed with scheduling the public hearing.  Once again, as	George noted, there's a ceiling		
						
and there will be a						
finalization resolution later on.				
On MOTION by Mr. Morgan	seconded	by Mr. Revell with all in		
favor  Resolution  2019-03  Declaring  Special  Assessments  was		
adopted.						

D.

Consideration

of

2019-04 Setting a Public Hearing for Special Assessments

Mr. Flint:  Resolution 2019-04 sets the date, place and time of the public		
is a 30-day mailed notice	requirement, so we can set the public hearing for	mid		
						
Is the Board available on	January 21, 2019, which is				
				Martin Luther King Day?		
enough time to		th	.				
							
	schedule it for January 14					
Mr.	d' Adesky:	It	doesn't need to be on your	typical meeting date	and		

schedule it	whenever we want to.					
Mr.	Flint:  I wouldn't go earlier than January 17	, which is a Thursday.		
				th			

hearing. There to late January. We don't have

time.	We can

After further discussion,

a.m.

the public hearing was scheduled/or January

22,

2019

at

11:00

we

Mr. Flint:	The public hearing will be at this location.

need a motion to adopt Resolution 2019-04.

Are there

any

questions?

If

not,

On MOTION by Mr. Morgan favor 2019-04 Setting a Public January 22, 2019 at 11 :00 a.m.

seconded by Mr. Bichard with all in Hearing for Special Assessments on at this location was adopted.

NINTH ORDER OF BUSINESS

Staff Reports

9

December 10, 2018	Shingle Creek CDD		

A.	Attorney				
Mr. Flint:  Andrew?				
Mr.	d' Adesky:   We  are	working  with Mike  to  finalize  the		
					
conservation parcels turned over.			
Mr.	Bonin:  Is this for the 2.25 acres?		
			
Mr.	d'Adesky:  Yes.	There are 2.2 acres each way.		

land

swap  and get those

B.

Engineer

Mr.

Mr.

Flint:  Mike, do you have anything?

Enot:  No.

C.

District Manager's Report		
i.	Approval of Check Registers		

Mr. Flint: You have the check register from September 25, 2018 2018 totaling $39,081.22. The detailed register is behind the summary.

through October If the Board has

29, any

questions, we can discuss those.

If

not, I would ask for a motion to approve it.

On MOTION by Mr. Bonin seconded by Mr.	Morgan with all in	
favor the  September 25, 2018  through October 29,  2018  Check	
Register was approved.		

ii.

Balance Sheet and Income Statement

Mr. Flint:	You also have the unaudited financial statements

No action is required by the Board, but if you have any questions we

month of Fiscal Year 2019 started on October Pt.

through October 31, 2018. can discuss those. The first

TENTH ORDER OF BUSINESS	Other Business	

Mr.

Flint:  Was there any other business?  Hearing none,

ELEVENTH ORDER OF BUSINESS	Supervisor's Requests	

Mr.

Flint:  Are there any Supervisor's requests?

If

not,

we

need

a

motion

to adjourn.

10

December 10, 2018

TWELFTH ORDER OF BUSINESS	Adjournment

Shingle Creek

CDD

On MOTION by favor the meeting

Mr. was

Bonin seconded adjourned.

by

Mr.

Morgan

with

all

in

Secretary/Assistant Secretary	Chairman/Vice Chairman	

11