MINUTES OF MEETING VILLAMAR
COMMUNITY DEVELOPMENT DISTRICT

The Regular Meeting of the Board of Supervisors of the VillaMar Community Development District was held on Wednesday, February 13, 2019 at 3:15 p.m. at 346 E. Central Ave, Winter Haven, Florida.

Present and constituting a quorum were:

Rennie Heath Lauren Schwenk Joel Adams Andrew Rhineheart

Chairman Vice Chair
Assistant Secretary by phone Assistant Secretary

Also, present were:

Jill Bums
Roy Van Wyk Ashton Bligh Bob Gang

District Manager District Counsel Bond Counsel Bond Counsel

The following is a summary of the discussions and actions taken at the February 13, 2019 VillaMar Community Development District's Regular Board of Supervisor's Meeting.

FIRST ORDER OF BUSINESS	Roll Call
Ms. Bums called the meeting to order and noted that a quorum was established.

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

TIDRD ORDER OF BUSINESS	Approval of Minutes of the February 6,
2019 Meeting
Ms. Bums asked for questions, comments, and corrections to the minutes. The Board reviewed the minutes and there were no corrections.

On MOTION by Mr. Heath, seconded by Mr. Rhineheart, with all in favor, the minutes of the February 6, 2019 Meeting were approved, as presented.

FOURTH  ORDER OF BUSINESS	Public Hearings

On MOTION by Mr. Heath, seconded by Mr. Rhineheart, with all in favor, the public hearing was opened.

Public Hearing on Adoption of the District's Fiscal Year 2018-2019 Budget
Consideration of Resolution 2019-33 Adoption of the Fiscal Year 2018- 2019 Budget and Appropriating Funds
Ms. Burns noted the budget has not changed from the previous version the Board had reviewed. She stated the total amount was $91,248 for administrative fees for  this fiscal  year. Ms. Burns asked for any changes from the Board. The Board had no changes to the budget.
Ms. Burns noted there were no members of the public present and asked for a motion to close the public hearing.

On MOTION by Mr. Rhineheart, seconded by Mr. Heath, with all in favor, the public hearing was closed.

On MOTION by Mr. Heath, seconded by Mr. Rhineheart, with all in favor, Resolution 2019-33 Adoption of the Fiscal Year 2018- 2019 Budget and Appropriating Funds, was approved.

FIFTH  ORDER OF BUSINESS	Consideration	of	Resolution	2019-34
Delegation Resolution
Ms. Bligh reviewed Resolution 2019-34 for the Board. She noted the purpose of the resolution is to authorize the issuance of the VillaMar Community Development District Special Assessment Bonds Series 2019. It also authorizes the tax-exempt public infrastructure described in the Engineer's Report, a description of which was attached to the resolution  as Schedule  1. Ms. Bligh pointed out and reviewed the attachments to the resolution, which she asked the Board to approve in substantial final form. Ms. Bligh noted that because of the complexity of the financing structure, it is beneficial for an underwriter to be involved. She explained the parameters of the bond in section 5. Ms. Bligh stated the amount of the 2019 bonds will not exceed $10,000,000 and the final maturity will not be any later than the maximum allowed by

Florida law which is 30 years of principal amortization. She noted the price at which the Series 2019 bonds will be sold to the Underwriter shall not be less than the aggregate amount of the bonds. Ms. Bligh asked the Board for any questions on Resolution 2019-34.

On MOTION by Ms. Schwenk, seconded by Mr. Heath, with all in favor, Resolution 2019-34 Delegation Resolution, was approved.

SIXTH ORDER OF BUSINESS	Staff Reports
Attorney
Mr. Van Wyk noted the Board was good to go on the Phase 2 Project.

Engineer
There being none, the next item followed.

District Manager's Report
Ms. Burns noted the next meeting is on March 13, 2019.

SEVENTH ORDER OF BUSINESS	Other Business
Ms. Burns asked for any other comments or questions.

EIGHTH ORDER OF BUSINESS	Supervisors	Requests	and	Audience
Comments
Ms. Burns asked for supervisor requests, there being none the next item followed.

NINTH ORDER OF BUSINESS	Adjournment

On MOTION by Mr. Heath, seconded by Mr. Rhineheart, with all in favor, the meeting was adjourned at 3:23 p.m.