MINUTES OF MEETING RHODINE ROAD NORTH
COMMUNITY DEVELOPMENT DISTRICT

The Regular Meeting of the Board of Supervisors of the Rhodine  Road  North Community Development District was held on Wednesday, June 24, 2019 at 1:00 p.m. at Holiday Inn Express, 2102 N Park Road, Plant City, Florida.

Present and constituting a quorum:

Andrew Rhinehart Patrick Marone Matthew Cassidy
Lauren Schwenk via phone
Also, present were: Jill Burns
Roy Van Wyk via phone
Bob Gang via phone

FIRST ORDER OF BUSINESS

Vice Chairman Assistant Secretary Assistant Secretary Assistant Secretary

District Manager, GMS HGS
Greenberg Traurig

Roll Call

Ms. Burns called the meeting to order at 1:07 p.m. and noted that a quorum was established.

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

THIRD ORDER OF BUSINESS	Approval of Minutes of the May 1, 2019
and May 22, 2019 Board of Supervisors Meetings
Ms. Burns asked for comments or corrections to the May 1, 2019 and May 22, 2019 meeting minutes. The board had no changes.

On MOTION by Mr. Rhinehart, seconded by Mr. Cassidy, with all in favor, the Minutes of the May 1, 2019 and May 22, 2019 Board of Supervisors Meetings, were approved.

FOURTH ORDER OF BUSINESS	Public Hearing
A. Public Hearing on the Imposition of Special Assessments

On MOTION by Mr. Rhinehart, seconded by Mr. Cassidy, with all in favor, Opening the Public Hearing, was approved.

Ms. Burns noted they sent a mailed notice to all the landowners prior to 30 days of the meeting and published the public hearing in the paper.

Ms. Burns noted there were no members of the public present.

On MOTION by Mr. Rhinehart, seconded by Mr. Cassidy, with all in favor, Closing the Public Hearing, was approved.

i. Consideration of Resolution 2019-43 Equalizing, Approving, Confirming, and Levying Special Assessments on Property Specially Benefited by the District's Improvements
Ms. Bums presented Resolution 2019-43. She noted this had not changed since the board reviewed it at the prior meeting. Ms. Burns asked for any questions, the board had none.

On MOTION by Mr. Marone, seconded by Mr. Rhinehart, with all in favor, Resolution 2019-43 Equalizing, Approving, Confirming, and Levying Special Assessments on Property Specially Benefited by the District's Improvements, was approved.

Mr. Wyk asked if it was Ms. Burns opinion that the benefit on the parcels is equal to or exceeds the burden placed on those parcels by the assessments. Ms. Burns answered yes. Mr. Wyk asked Ms. Burns if it was her opinion that the assessments as imposed are fairly and reasonably apportioned. Ms. Bums answered yes. Mr. Wyk asked the board if they had any questions, the board had nothing.

FIFTH ORDER OF BUSINESS	Consideration	of	Resolution	2019-44
Supplemental Assessment Resolution

Ms. Burns presented Resolution 2019-44 and explained the exhibits including the Engineer's Report and Methodology. Mr. Wyk noted there are some funds being held in escrow pending the annexation of the parcel into the district. Once the annexation takes place, they will

On MOTION by Mr. Cassidy, seconded by Mr. Rhinehart, with all in favor, Resolution 2019-44 Supplemental Assessment Resolution, was approved.

spread the assessments over the rest of the parcels after the release of the escrow funds is completed.

SIXTH  ORDER OF BUSINESS	Consideration of True-up Agreement

On MOTION by Mr. Rhinehart. seconded by Mr. Marone, with all in favor, the True-up Agreement, was approved in substantial form.

Ms. Bums presented the True-up Agreement and suggested approving the agreement in substantial form. This agreement confirms the Developer's intention and obligation to make true­ up payments related to the 2019 Special Assessments. Mr. Wyk noted there are still 7 lots under consideration for development.

SEVENTH  ORDER OF BUSINESS	Consideration of Collateral Assignment
and Assumption of Development Rights

On MOTION by Mr. Marone, seconded by Mr. Rhinehart, with all in favor, the Collateral Assignment and Assumption of Development Rights, was approved in substantial form.

Ms. Bums presented the Collateral Assignment and Assumption of Development Rights and suggested approving in substantial form.

EIGHTH  ORDER OF BUSINESS	Consideration of Completion Agreement

On MOTION by Mr. Rhinehart, seconded by Mr. Marone, with all in favor, the Completion Agreement, was approved in substantial form.

Ms. Burns presented the Completion Agreement. The Developer will agree to complete or provide funds for the Series 2019 project.

NINTH  ORDER OF BUSINESS	Consideration of Acquisition Agreement
Ms. Bums presented the Acquisition Agreement and suggested approving in substantial
form.

On MOTION by Mr. Rhinehart, seconded by Mr. Marone, with all in favor, the Acquisition Agreement, was approved in substantial form.

TENTH ORDER OF BUSINESS	Staff Reports
Attorney

On MOTION by Mr. Rhinehart, seconded by Mr. Marone, with all in favor, Authorization to Assign the Construction Funding Contract to Ridgewood LLC, was approved.

Mr. Van Wyk noted at the previous meeting the Construction Funding Agreement was approved with the Developer. The majority of that property is now owned by Ridgewood. Mr. Van Wyk asked for the board's authorization to assign the Construction Funding Contract from JMBI to Ridgewood LLC.

Engineer
There being none, the next item followed.

District Manager's Report
Approval of Check Register

On MOTION by Mr. Rhinehart, seconded by Mr. Marone, with all in favor, the Check Register, was approved.

Ms. Burns noted the total amount from May 1st through June 19th was $31,595.53.

Balance Sheet and Income Statement
Ms. Bums noted the balance sheet and income statement were in the agenda package, this item required no action.

ELEVENTH ORDER OF BUSINESS	Other Business
The July 3rd meeting at 1:00 p.m. was cancelled.

TWELTH ORDER OF BUSINESS	Supervisors	Requests	and	Audience
Comments
Ms. Burns asked for any supervisor requests or audience comments. The board had no requests.

On MOTION by Mr. Rhinehart, seconded by Mr. Cassidy, with all in favor, the meeting was adjourned.

THIRTEENTH ORDER OF BUSINESS	Adjournment