North River Ranch Community Development District
12051 Corporate Blvd., Orlando, FL 32817
Phone: 407-723-5900, Fax: 407-723-5901
www.northriverranchcdd.com
The following is the agenda for the Board of Supervisors Meeting for the North River Ranch Community Development District, scheduled to be held Wednesday, November 11, 2020 1:30 p.m. at 8141 Lakewood Main Street, Bradenton, FL 34202. The following is the proposed agenda for this meeting.

Call in number: 1-844-621-3956 (New) Passcode: 790 562 990 # (New)
BOARD OF SUPERVISORS’ MEETING AGENDA

Administrative Matters
Roll Call to Confirm Quorum
Public Comment Period [for any members of the public desiring to speak on any proposition before the Board]

Business Matters

Consideration of the Minutes of the October 14, 2020 Board of Supervisors’ Meeting
Ratification of Funding Requests 2020-45 & 2021-01-2021-03
Review of District Financial Statements

Other Business Staff Reports
District Counsel District Engineer District Manager

Supervisor Requests and Audience Comments Adjournment

North River Ranch Community Development District

Consideration of the Minutes of the October 14, 2020 Board of Supervisors’ Meeting

MINUTES OF MEETING

NORTH RIVER RANCH COMMUNITY DEVELOPMENT DISTRICT BOARD OF SUPERVISORS MEETING MINUTES
Wednesday, October 14, 2020 at 1:30 p.m.
via conference call due to the COVID-19 Executive Order 20-246
Board Members present via phone or in person: Pete Williams	Chairperson
Ivory Matthews	Vice Chairman
Priscilla Heim	Assistant Secretary
Dale Weidemiller	Assistant Secretary
John Blakley	Assistant Secretary	(via phone) Also present via phone or in person:
Vivian Carvalho	District Manager- PFM Group Consulting, LLC Venessa Ripoll	Assistant District Manger- PFM Group Consulting, LLC
(via phone)
Kevin Plenzler	PFM Financial Advisors, LLC	(via phone) Ed Vogler	District Counsel- Vogler Ashton	(via phone) Kim Ashton	District Counsel- Vogler Ashton	(via phone) Christopher Fisher	District Engineer-Clearview Land Design, P.L. (via phone) Tom Panaseny	Neal Communities	(via phone) Jim Schier	Neal Communities
Pam Curran	Neal Communities
Mistry Taylor	Bryant Miller Olive
Sete Zare	MBS Capital Markets	(via phone) Rob Engle	Stantec – Fieldstone Engineer	(via phone)

FIRST ORDER OF BUSINESS	Administrative Matters

Call to Order and Roll Call

Ms. Carvalho called to order at 1:32 pm the meeting of the Board of Supervisors of the North River Ranch Community Development District and proceeded with roll call. The persons in attendance are outlined above either in person or via speaker phone.

Public Comment Period

There were no members of the public present at this time.

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Discussion regarding Executive Order 20-246

A discussion took place regarding Executive Order 20-246. The Executive Order has been extended thru 12:01 AM of November 1, 2020. District Management will keep everyone informed if the Executive Order is lifted or extended beyond November 1, 2020.

SECOND ORDER OF BUSINESS	General Business Matters

Consideration of the Minutes of the September 9, 2020 Board of Supervisors’ Meeting

The Board reviewed the Minutes of the September 9, 2020 Board of Supervisors’ Meeting.

On MOTION by Mr. Williams, seconded by Mr. Weidemiller, with all in favor, the Board approved the Minutes of the September 9, 2020 Board of Supervisors’ Meeting.

Discussion Regarding Material on the District Website

Ms. Carvalho reviewed the recent amendments to Section 189.069 (2)(a), Florida Statutes as it relates to material on the District website that when into effect as of July 1, 2020.  The consensus of the Board is to keep everything on the website except for Funding Requests, Payment Authorizations, and Requisitions as a backup. Only include the cover pages accordingly.

On MOTION by Mr. Williams, seconded by Mr. Weidemiller, with all in favor, the Board approved keeping everything on the website except for Funding Requests, Payment Authorizations, and Requisitions as a backup. Only include the cover pages accordingly.

Consideration of Resolution 2021- 01, Authorizing Disbursement of Funds

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The Board reviewed Resolution 2021-01, Authorizing Disbursement of Funds.

On MOTION by Mr. Williams, seconded by Mr. Weidemiller, with all in favor, the Board approved Resolution 2021-01, Authorizing Disbursement of Funds.

Consideration   of	Supplemental Engineer’s Report

Mr. Fisher provided an overview of the Supplemental Engineer’s Report. Additional exhibits were added to the original Engineer’s Report. He clarified the Cost Share Agreement between the Landowner and Fieldstone Community Development District. There is an existing clarification of acquisition, construction, installation, landowner funding and reimbursement agreement between the NP Land Partners LLC and the Fieldstone CDD of the offsite shared improvements. Article 1,4 of the agreement identifies the Master Infrastructure Improvements in the amount of $4,331,030.00 that benefit the lands within the District and it can be found under Exhibit E of the Supplemental Engineer’s Report.

There are no additional offsite utility extensions that are going to be needed to serve Phase 4A and 4B. There will be small recreational facilities within those phases with a larger recreational facility to serve the entire District in future phases.

On MOTION by Mr. Williams, seconded by Mr. Weidemiller, with all in favor, the Board approved the Supplemental Engineer’s Report.

Consideration   of	Supplemental Assessment Methodology Report

Mr. Plenzler provided an overview of the Supplemental Assessment Methodology Report. Table 1 outlines the District’s Land Use Plan. Table 2 highlights the CIP Cost Estimates as detailed by the District Engineer. Table 3 details the Series 2020 A Bonds with estimating  a  par  amount  of  $16,800,000.00 to fund construction proceeds of  just over
$15,300,000.00. Table 5 outlines information related to the summary of principal and annual assessments associated with the 2020 A1 and A2 Bonds. Table 6 is the summary of the allocation of principal and annual assessments associated with the 2020 A3 Series of Bonds. He analyzed the Debt Service Assessment on an acreage and per lot basis and find the assessments to be reasonably and equitably allocated and there is a benefit received by each of the District’s property owners that will exceed the cost of the related assessments.

On MOTION by Mr. Williams, seconded by Ms. Matthews, with all in favor, the Board approved the Supplemental Assessment Methodology Report.

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Consideration of the Lands Legal Description.

This was part of the Supplemental Engineer’s Report.

Consideration of Resolution 2021- 02, Bond Delegation Award Resolution
Exhibit A: Form of First Supplemental Trust Indenture
Exhibit B: Form of Second
Supplemental Trust Indenture
Exhibit C: Form of Purchase Agreement
Exhibit D: Preliminary Limited Offering Memorandum
Exhibit	E:	Continuing Disclosure Agreement
Exhibit F: Not to Exceed Cost of Issuance Budget

Ms. Taylor explained the District is looking to authorize a not to exceed amount of
$19,000,000.00 for Series 2020 Bonds and attached to the Resolution are various documents. Ms. Taylor reviewed the Bond Delegation Resolution and attached exhibits.

On MOTION by Mr. Williams, seconded by Mr. Weidemiller, with all in favor, the Board approved Resolution 2021-02, Bond Delegation Award Resolution in substantial final form delegating authority to the Chair to sign the Bond Purchase Agreement in the not -to- exceed amount of $19,000.000.00.

Review & Consideration of the GeoPoint Proposal for Fort Hamer 1st Extension

The Board reviewed the GeoPoint Proposal for Fort Hamer 1st Extension.

On MOTION by Mr. Williams, seconded by Ms. Heim, with all in favor, the Board approved the GeoPoint Proposal for Fort Hamer 1st Extension.

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Review & Consideration of Grau & Associates Engagement Letter for Auditing Services

The Board reviewed the Grau & Associates Engagement Letter for Auditing Services.

On MOTION by Mr. Williams, seconded by Mr. Weidemiller, with all in favor, the Board approved the Grau & Associates Engagement Letter for Auditing Services.

Review & Consideration of LRK Architects, Designers and Planners Proposal

The Board reviewed the LRK Architects, Designers and Planners Proposal.

On MOTION by Mr. Williams, seconded by Ms. Matthews, with all in favor, the Board approved the LRK Architects, Designers and Planners Proposal.

Ratification of Funding Requests 2020-40 – 2020-44

Ms. Carvalho presented Funding Requests 2020-40 – 2020-44.

On MOTION by Mr. Williams, seconded by Mr. Weidemiller, with all in favor, the Board ratified Funding Requests 2020-40– 2020-44.

Review of District Financial Statements.

The Board reviewed the District’s Financial Statements through September 30, 2020.

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On MOTION by Mr. Williams, seconded by Mr. Weidemiller, with all in favor, the Board accepted the District Financial Statements.

THIRD ORDER OF BUSINESS	Other Business

Staff Reports

District Counsel – No Report

District Engineer – Mr. Fisher reviewed the Prequalified Contractor Comparison Sheet. He sent out and RFQ for civil contractors to be pre-qualified on any future work the District may need. He received and  reviewed eight RFQ packages. He took out pertinent information with regard to insurance limits, OSHA Violations in last two years, worker- comp rating, recent litigation in last two years, home office location, Bonding limits, average revenue in last two years, and the largest project completed in last two years.

He then went through what each contractor would be able to handle from a maximum contract perspective and included that at the end of the report. He noted on the last page he gave his recommendation because there was an error. All the Contractors requested to provide all three services for excavation, sewer water, and paving.

On MOTION by Mr. Williams, seconded by Mr. Weidemiller, with all in favor, the Board accepted the Pre-qualified Contractors Comparison Sheet.

District Manager – No Report

Audience	Comments	and Supervisor Requests

There were no Supervisor requests or audience comments.

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FOURTH ORDER OF BUSINESS	Adjournment

Ms. Carvalho requested if there are no further business to come before the Board for a motion to adjourn.

ON MOTION by Mr. Williams, seconded by Ms. Heim, with all in favor, the Board adjourned the October 14, 2020 Board of Supervisor’s Meeting for the North River Ranch Community Development District at 1:50 p.m.

___________________________	__________________________
Secretary / Assistant Secretary	Chairperson / Vice Chairperson

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North River Ranch Community Development District

Ratification of Funding Requests 2020-45 & 2021-01-2021-03

NORTH RIVER RANCH COMMUNITY DEVELOPMENT DISTRICT

Funding Request 2020-45 - 2021-01--2021-03

FR #	Description	Amount	Total	
				
2020-45	Ardurra Group	$2,645.00		
	Bradenton Herald	$121.68		
	GeoPoint Surveying	$22,500.00		
			$25,266.68	
				
2021-01	Florida Department of Economic Opportunity	$175.00		
			$175.00	
				
2021-02	Bradenton Herald	$71.37		
	PFM Group Consulting	$1,666.67		
	Supervisor Fees - 10/14/2020 Meeting	$1,000.00		
	Vogler Ashton	$750.00		
			$3,488.04	
				
2021-03	Booth Design Group	$5,288.52		
	Bradenton Herald	$243.36		
	Clearview Land Design	$14,370.80		
			$19,902.68	

North River Ranch Community Development District

Funding Request 2020-45
10/2/2020

Item	

Payee	

Invoice#	

General	

Construction	

Fiscal	
No.			Fund	Fund	Year	

1	
Ardurra Group					
	Haval Tree Inventory Through 08/31/2020	111531		$ 1,105.00	FY2020	
	Haval Farms Permitting Services Through 08/31/2020	111542		$ 1,540.00	FY2020	
2	Bradenton Herald					
	Legal Advertising on 09/02/2020	4737335	$	121.68		FY2020	
3	GeoPoint Surveying					
	Fort Hamer Stake Soil Borings	58303		$ 1,000.00	FY 2020	
Phase 3A Tree Location Survey	58305		$ 21,500 .00	FY2020	
	$	121.68	$25,145.00		

TOTAL	$25,266.68

121.68	25,145.00

v

Secretary/Assistant Secretary	Chairman

Return to:

RECEIVED
By Amanda Lane at 11:24 am, Oct 06, 2020

Orlando, FL 32817

c/o Fishkind & Associates

By Amanda Lane at 11:24 am, Oct 06, 2020

North River Ranch COD 12051 Corporate Boulevard
(407) 382-3256	Page 1 of 1

North River Ranch Community Development District

Funding Request 2021-01
10/9/2020

Item

Payee

Invoice#	General	Fiscal

 	No.	Fund	Year

1	Florida Department of Economic Opportunity		
FY 2020 / 2021 Special District Fee	83664	$	175.00	 	FY 2021		
2	PFM Group Consulting
Reimbursables: September	
OE-EXP-01141	
$	17.79	

FY 2020	
3	VGlobalTech				
July - September ADA Audit	1939	$	300.00	FY 2020	
October Website Maintenance	2033	$	125.00	 	FY 2021		
		$	617.79		
		
317.79		

Secretary/ Assistant Secretary	Chairman

Return to:
North River Ranch COD
c/o Fishkind & Associates 12051 Corporate Boulevard
Orlando, FL 32817
(407) 382-3256	Page 1 of 1
Received via email on Monday, October 13, 2020 - ALane

North River Ranch Community Development District

Funding Request 2021-02
10/16/2020

Item	Payee	Invoice#	General	Fiscal
No.	Fund	Year

Bradenton Herald

Legal Advertising on 10/07/2020	4761296	$	71.37	 	FY2021	

PFM Group Consulting

OM Fee: October 2020	DM-10-2020-0026	$  1,666.67	 	FY 2021	

FY 2021
FY 2021 FY2021 rY 2021
p:y 2021

Supervisor Fees -10/14/2020 Meeting
Dale Weidemiller	$	200.00
Priscilla Heim	$	200.00
Pete Williams	$	200.00
John Blakley	$	200.00
Ivory Matthews	$	200.00

Vogler Ashton
General Legal Through 09/30/2020	6202	$	750.00	FY 2020

$ 3,488.04

750 .00	FY 2020
2,738.04	FY2021
//	@LA(
Secretary/Assistant Secretary	Chairman

By Amanda Lane at 11:26 am, Oct 19, 2020

Return to:

12051 Corporate Boulevard

RECEIVED
By Amanda Lane at 11:26 am, Oct 19, 2020

North River Ranch COD c/o Fishkind & Associates
Orlando, FL 32817

(407) 382-3256	Page 1 of 1

North River Ranch Community Development District

Funding Request 2021-03
10/23/2020

Item

Payee	Invoice#

General	Construction	Fiscal

 	No.		Fund	Fund	Year

Booth Design Group
Phases 3A-38 Services	2502
Bradenton Herald
Lega l Advertising : Landowners' Election Meeting	4763861

$  5,288.52	 	FY2021	
$	243.36	 	FY2021	

Clearview Land Design
Services Through 09/30/2020
Services 10/01/2020 Through 10/16/2020
Phases 3A & 38 Design Services Through 10/16/2020 Fort Hamer Rd Design Services Through 09/30/2020
Fort Hamer Rd Design Services 10/01/2020 Through 10/16/2020

20-02203
20-02203
20-02204
20-02206
20-02206

$   2,006.30
$   1,505.00

FY 2020 FY2021 FY 2021
FY 2020
F-Y 2021

$	487.50
$   5,090.00
$   5,285.00

$ 3,754.66 $ 16,151.02

TOTAL

$19,905.68

2,006.30	5,090.00

 	1,748 .36	11,061.02	

Secretary/Assistant Secretary	Chairman

North River Ranch CDD

RECEIVED
By Amanda Lane at 8:46 am, Oct 28, 2020

By Amanda Lane at 8:46 am, Oct 28, 2020

Return to:
c/o Fishkind & Associates 12051 Corporate Boulevard
Orlando, FL 32817
(407) 382-3256	Page 1 of 1

North River Ranch Community Development District

Review of District Financial Statements

North River Ranch CDD Statement of Financial Position As of 10/31/2020

General Fund	Capital Projects Fund

Total

Assets

Current Assets
General Checking Account
Accounts Receivable - Due from Developer Accounts Receivable - Due from Developer
Total Current Assets

$1,608.72	$1,608.72
7,982.17	7,982.17
$41,296.02	41,296.02

$9,590.89	$41,296.02	$50,886.91

Total Assets	$9,590.89		$41,296.02		$50,886.91	

Liabilities and Net Assets					
Current Liabilities
Accounts Payable	$7,982.17				
$7,982.17	
Deferred Revenue	7,982.17				7,982.17	
Accounts Payable		$41,296.02		41,296.02	
Deferred Revenue		41,296.02		41,296.02	
Total Current Liabilities	$15,964.34		$82,592.04		$98,556.38	
Total Liabilities	$15,964.34		$82,592.04		$98,556.38	

Net Assets
Net Assets, Unrestricted	($7,559.05)				

($7,559.05)	
Current Year Net Assets - General Government	1,185.60				1,185.60	
Net Assets, Unrestricted		($24,263.00)		(24,263.00)	
Current Year Net Assets, Unrestricted		(17,033.02)		(17,033.02)	
Total Net Assets	($6,373.45)		($41,296.02)		($47,669.47)	
					
Total Liabilities and Net Assets	$9,590.89		$41,296.02		$50,886.91	

Page 1 of 1

North River Ranch CDD Statement of Activities As of 10/31/2020

General Fund	Capital Projects
Fund

Total

Revenues

Developer Contributions	$5,381.00				$5,381.00	
Inter-fund Transfers In	5,972.00				5,972.00	
Inter-fund Transfers In			($5,972.00)		(5,972.00)	
Total Revenues	$11,353.00		($5,972.00)		$5,381.00	

Supervisor Fees	$1,000.00				$1,000.00	
Public Officials' Insurance	2,421.00				2,421.00	
Management	1,666.67				1,666.67	
Engineering	1,505.00				1,505.00	
Legal Advertising	314.73				314.73	
Web Site Maintenance	125.00				125.00	
Dues, Licenses, and Fees	175.00				175.00	
General Insurance	2,960.00				2,960.00	
Contingency			$11,061.02		11,061.02	
Total Expenses	$10,167.40	$11,061.02	$21,228.42

her Revenues (Expenses) & Gains (Losses)	
Total Other Revenues (Expenses) & Gains (Losses)	$0.00		$0.00		$0.00	
Change In Net Assets	$1,185.60		($17,033.02)		($15,847.42)	

Net Assets At Beginning Of Year	
($7,559.05)		
($24,263.00)		
($31,822.05)	

Net Assets At End Of Year	
($6,373.45)		
($41,296.02)		
($47,669.47)	

Expenses

Ot

Page 1 of 1

North River Ranch CDD
Budget to Actual
For the Month Ending 10/31/2020

Year To Date

Actual	Budget	Variance

FY 2021
Adopted Budget

Revenues

Developer Contributions	$	5,381.00		$	8,514.58		$	(3,133.58)		$ 102,175.00	
Net Revenues	$	5,381.00		$	8,514.58		$	(3,133.58)		$ 102,175.00	

General & Administrative Expenses

Supervisor Fees	$	1,000.00		$	1,000.00		$	-		$	12,000.00	
Public Officials' Insurance	2,421.00		206.25		2,214.75		2,475.00	
Trustee Services	-		500.00		(500.00)		6,000.00	
Management	1,666.67		1,666.67		-		20,000.00	
Engineering	1,505.00		1,250.00		255.00		15,000.00	
Dissemination Agent	-		416.67		(416.67)		5,000.00	
District Counsel	-		1,666.67		(1,666.67)		20,000.00	
Assessment Administration	-		625.00		(625.00)		7,500.00	
Audit	-		500.00		(500.00)		6,000.00	
Postage & Shipping	-		25.00		(25.00)		300.00	
Copies	-		41.67		(41.67)		500.00	
Legal Advertising	314.73		83.33		231.40		1,000.00	
Miscellaneous	-		41.66		(41.66)		500.00	
Web Site Maintenance	125.00		225.00		(100.00)		2,700.00	
Dues, Licenses, and Fees	175.00		14.58		160.42		175.00	
General Insurance	2,960.00		252.08		2,707.92		3,025.00	
Total General & Administrative Expenses	$	10,167.40		$	8,514.58		$	1,652.82		$ 102,175.00	

Total Expenses

  $	10,167.40 

   $	8,514.58 

  $	1,652.82 

   $ 102,175.00 

  	 

Net Income (Loss)

$	(4,786.40)	$

-	$	(4,786.40)	$	-

  	 

Page 1 of 1

North River Ranch CDD
Revised FY 2020 O&M Budget

Actuals Through 09/30/2020

FY 2020
Adopted Budget

Revised FY 2020 Budget

Increase / (Decrease)

Revenues
Developer Contributions

$	82,161.54

$	95,375.00

$	95,375.00	$	-

Other Income & Other Financing Sources	835.29	-	-	-

Net Revenues

$	82,996.83

$	95,375.00

 
$	95,375.00	$	-

General & Administrative Expenses

Supervisor Fees	$	11,400.00		$	12,000.00		$	12,000.00		$	-	
Public Officials' Insurance	2,306.00		2,475.00		2,475.00		-	
Trustee Services	-		6,000.00		3,792.51		(2,207.49)	
Management	20,000.00		20,000.00		20,000.00		-	
Engineering	14,626.03		15,000.00		15,000.00		-	
Dissemination Agent	-		5,000.00		-		(5,000.00)	
District Counsel	18,481.00		20,000.00		20,000.00		-	
Audit	3,200.00		6,000.00		6,000.00		-	
Travel and Per Diem	-		500.00		500.00		-	
Telephone	-		200.00		200.00		-	
Postage & Shipping	457.08		300.00		457.08		157.08	
Copies	580.70		500.00		580.70		80.70	
Legal Advertising	7,134.42		1,000.00		7,134.42		6,134.42	
Miscellaneous	170.08		500.00		500.00		-	
Office Supplies	-		-		-		-	
Web Site Maintenance	2,400.00		2,700.00		2,700.00		-	
Dues, Licenses, and Fees	175.00		175.00		175.00		-	
Water Reclaimed	835.29		-		835.29		835.29	
General Insurance	2,819.00		3,025.00		3,025.00		-	
Total General & Administrative Expenses	$	84,584.60		$	95,375.00		$	95,375.00		$	-	

Total Expenses

  $	84,584.60 

  $	95,375.00 

  $	95,375.00 

  $	-	

   
Net Income (Loss)	$	(1,587.77)	$	-	$	-	$	-