Laurel Road Community Development District
3501 Quadrangle Boulevard, Suite 270, Orlando, FL 32817
Phone 407-723-5900; Fax 407-723-5901

The following is the agenda for the Board of Supervisors Meeting for the Laurel Road Community Development District scheduled to be held Wednesday, January 12, 2022 at 12:15 PM located at 5800 Lakewood Ranch Blvd, Sarasota, FL 34240. The following is the proposed agenda for this meeting.

Call in number: 1-844-621-3956 Passcode: 790 562 990 #
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 December 8, 2021 Board of Supervisors’ Meeting
Consideration of the Minutes of the December 16, 2021 Continued Board of Supervisors’ Meeting
Ratification of Funding Requests 59 -- 63
Review of District Financial Statements

Other Business

Staff Reports District Counsel District Engineer District Manager

Supervisor Requests and Audience Comments Adjournment

Laurel Road Community Development District

Consideration of the Minutes of the December 8, 2021 Board of Supervisors’ Meeting

MINUTES OF MEETING

LAUREL ROAD COMMUNITY DEVELOPMENT DISTRICT BOARD OF SUPERVISORS MEETING
Wednesday, December 8, 2021 at 12:15 p.m. 5800 Lakewood Ranch Blvd,
Sarasota, FL 34240

Board Members present at roll call:

Pete Williams	Chairperson John Leinaweaver Vice Chairperson
John Blakley	Assistant Secretary Dale Weidemiller Assistant Secretary Janice Snow	Assistant Secretary

Also present at roll call via speakerphone or in-person:

Vivian Carvalho        District Manager-PFM Group Consulting LLC
Venessa Ripoll	Assistant District Manager-PFM Group Consulting LLC (via phone)
Kim Ashton	District Counsel- Vogler Ashton    (via phone) Ed Vogler	District Counsel- Vogler Ashton (via phone) John McKay	Neal Communities
Bobbi Claybrooke District Engineer- AM Engineering (via phone) Shawn Leins	District Engineer- AM Engineering (via phone) Tom Panaseny	Neal Communities	(via phone) Jim Schier	Neal Communities
Misty Taylor	Bryant Miller Olive	(via phone)
Sete Zare	MBS Capital Markets	(via phone) Sandy Foster	Neal Communities
Mike Kennedy	Stantec
Kim Zawacki	Neal Communities

FIRST ORDER OF BUSINESS	Administrative Matters

Call to Order and Roll Call

Ms. Carvalho called the meeting to order at 12:31 p.m. and proceeded with roll call. The Board Members and Staff in attendance are outlined above.

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Public Comment Period

There were no members of the public present.

SECOND ORDER OF BUSINESS	Business Matters

Consideration of the Minutes of the November 10, 2021 Board of Supervisors’ Meeting

The Board reviewed the Minutes from the November 10, 2021 Board of Supervisors’ Meeting.

On MOTION by Mr. Weidemiller, seconded by Mr. Blakley, with all in favor, the Board approved the Minutes of the November 10, 2021 Board of Supervisors’ Meeting.

Consideration of the Minutes of the November 18, 2021 Special Board of Supervisors’ Meeting

The Board reviewed the Minutes from the November 18, 2021 Special Board of Supervisors’ Meeting.

On MOTION by Mr. Williams, seconded by Mr. Leinaweaver, with all in favor, the Board approved the Minutes of the November 18, 2021 Special Board of Supervisors’ Meeting.

Consideration of Resolution 2022- 08, Ratification of Revised Adopted Budget for Fiscal Year 2021

Ms. Carvalho explained that last month when the Board adopted the revised budget the Resolution number of 2022-07 was already used for a Bond Resolution. So, it is the same information as last month with just the Resolution number being revised.

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On MOTION by Mr. Blakely, seconded by Mr. Williams, with all in favor, the Board approved Resolution 2022-08, Ratification of Revised Adopted Budget for Fiscal Year 2021.

Ratification of Driggers Engineering Services Incorporated Proposal

The Board reviewed the Driggers Engineering Services Incorporated Proposal.

On MOTION by Mr. Williams, seconded by Ms. Snow, with all in favor, the Board ratified the Driggers Engineering Services Incorporated Proposal.

Ratification of Funding Requests 51-58

The Board reviewed Funding Requests 51-58.

On MOTION by Mr. Williams, seconded by Mr. Leinaweaver, with all in favor, the Board ratified Funding Requests 51-58.

Review	of	District	Financial Statements

The Board reviewed the District Financial Statements through October 31, 2021.

On MOTION by Mr. Williams, seconded by Ms. Snow, 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 –	No Report

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District Manager –	Ms. Carvalho noted the next meeting is scheduled for January 12, 2022.

Audience Comments and Supervisor Requests

Ms. Taylor explained that the Bonds are expected to price today, and all documents must be signed by December 20, 2021. She will need to get together offline with Mr. Williams and Ms. Carvalho about getting those documents signed.

FOURTH ORDER OF BUSINESS	Adjournment

There were no other questions or comments. A discussion ensued regarding adjourning or continuing the meeting.

On MOTION by Mr. Williams, seconded by Mr. Leinaweaver, with all in favor, the December 8, 2021 Board of Supervisors’ Meeting for the Laurel Road Community Development District at 12:43 p.m. was continued to December 16, 2021 at 11:00 a.m. at 5800 Lakewood Ranch Blvd.,
Sarasota, FL 34240.

Secretary / Assistant Secretary	Chairperson / Vice Chairperson

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Laurel Road Community Development District

Consideration of the Minutes of the December 16, 2021 Continued Board of Supervisors’ Meeting

MINUTES OF MEETING

LAUREL ROAD COMMUNITY DEVELOPMENT DISTRICT CONTINUED BOARD OF SUPERVISORS MEETING
Wednesday, December 16, 2021 at 11:00 a.m. 5800 Lakewood Ranch Blvd,
Sarasota, FL 34240

Board Members present at roll call:

Pete Williams	Chairperson John Leinaweaver	Vice Chairperson
Janice Snow	Assistant Secretary Dale Weidemiller	Assistant Secretary
John Blakley	Assistant Secretary	(via phone) Also present at roll call via speakerphone or in-person:
Vivian Carvalho	District Manager-PFM Group Consulting LLC
(via phone)
Kim Ashton	District Counsel- Vogler Ashton	(via phone) Jim Schier	Neal Communities
Pam Curran	Neal Communities
Misty Taylor	Bond Counsel - Bryant Miller Olive
Sete Zare	MBS Capital Markets	(via phone)

FIRST ORDER OF BUSINESS	Administrative Matters

Call to Order and Roll Call

Ms. Carvalho called the meeting to order at 11:02 a.m. and proceeded with roll call. The Board Members and Staff in attendance are outlined above.

Public Comment Period

Mr. Williams noted there are no members of the public present other than those individuals named at the outset of the meeting.

SECOND ORDER OF BUSINESS	Business Matters

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Review and Consideration of the Final Supplemental Assessment Methodology Report, Series 2021A Bonds

Ms. Carvalho stated Mr. Plenzler is not on the phone but she asked Ms. Ashton to comment on the Final Supplemental Assessment Methodology Report.

Ms. Ashton stated the District priced its Series 2021A Bonds. Mr. Plenzler previously presented the prior Assessment Methodology Report which was approved on November 18, 2021 and modified it to the actual bond pricing. He slightly adjusted the assessments and all were either the same or lower than the noticed amount. The Board has reviewed these reports several times and approved them at prior meetings and the Final Supplemental Assessment Methodology Report confirms the final numbers. There were no questions from the Board.

Consideration of Resolution 2022- 09, Special Assessment Liens Final Assessment Report

Mr. Williams presented Resolution 2022-09, Special Assessment Liens Final Assessment Report. Ms. Ashton stated the Resolution confirms the Final Assessments associated with the Series 2021A Bonds. On November 18, 2021, the Board approved Resolution 2022- 06, Final Assessment Resolution for the entire project. That Resolution contemplates that every time there is a bond closing and a new series of bonds, there will be another resolution. Resolution 2022-09 sets forth the terms of the District’s Special Assessments associated with that Bond, confirms, and conforms the assessments to the final bond pricing. The Supplemental Assessment Methodology dated December 9, 2021 has been approved and it sets forth the final assessments for the project associated with the Series 2021A Bonds. The Supplemental Engineer’s Report has not changed was previously approved by the Board. This Resolution sets forth the cost, establishes the final lien, and authorizes the CDD to record it in its Improvement Lien Book.

On MOTION by Mr. Leinaweaver, seconded by Ms. Snow, with all in favor, the Board approved Resolution 2022-09, Special Assessment Liens Final Assessment Report.

THIRD ORDER OF BUSINESS	Other Business

Staff Reports

District Counsel –	No Report

District Engineer –	Not Present

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District Manager –	Ms. Carvalho noted the next meeting is scheduled for January 12, 2022.

Mr. Williams commented Ms. Zare and others at MBS Capital Markets did a great job at putting the financing together. Ms. Zare commented it was a successful bond financing and she and Mr. Vogler appreciated seeing the table and look forward to the next bond issuances.

FOURTH ORDER OF BUSINESS	Audience Comments and Supervisor Requests

There were no audience comments or Supervisor Requests.

FIFTH ORDER OF BUSINESS	Continuance

There were no other questions or comments. Mr. Williams requested a motion to adjourn the meeting at 11:09 a.m.

On MOTION by Mr. Leinaweaver, seconded by Mr. Widemiller, with all in favor, the December 16, 2021 Continued Board of Supervisors’ Meeting for the Laurel Road Community Development District was adjourned at 11:09 a.m.

Secretary / Assistant Secretary	Chairperson / Vice Chairperson

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Laurel Road Community Development District

Ratification of Funding Requests 59 -- 63

LAUREL ROAD COMMUNITY DEVELOPMENT DISTRICT	

Funding Request 59-63	

FR #	Description	Amount	Total	
				
59	CA Florida Holdings			
		$	550.00		
	Supervisor Fees - 11/18/2021 Meeting			
		$	200.00		
		$	200.00		
		$	200.00		
		$	200.00		
			$1,350.00	
60	Ferguson Waterworks			
		$	80,110.80		
		$	23,408.00		
	Forsberg Construction			
		$	620,839.25		
			$724,358.05	
				
61	PFM Group Consulting			
		$	2,500.00		
		$	19.86		
	Supervisor Fees - 12/18/2021 Meeting			
		$	200.00		
		$	200.00		
		$	200.00		
		$	200.00		
		$	200.00		
	VGlobalTech			
		$	125.00		
			$3,644.86	

62	Supervisor Fees - 12/16/2021 Meeting			
		$	200.00		
		$	200.00		
		$	200.00		
		$	200.00		
		$	200.00		
	VGlobalTech			
		$	300.00		
			$1,300.00	
63	Ferguson Waterworks			
		$	76,640.00		
		$	19,160.00		
		$	72,828.00		
		$	23,408.00		
		$	325,720.00		
		$	172,440.00		
		$	246,040.00		
		$	67,628.80		
		$	221,620.00		
			$1,225,484.80	
				
		Total	$1,956,137.71	

LAUREL ROAD

LAUREL ROAD

C O M M U N I T Y	D E V E L O P M E N T	D I S T R I C T

C O M M U N I T Y	D E V E L O P M E N T	D I S T R I C T

Funding Request No. 059

Funding Request No. 059

12/3/202

12/3/2021

Item

Vendor

Invoice	General

Item	Vendor	Invoice	General

No.

Number	Fund

No.	Number	Fund

1	CA Florida Holdings

CA Florida Holdings

Legal Ads Through 11/11/2021 ; Ads: 6460055, 6432215	4219573

Legal Ads Through 11/11/2021 ; Ads: 6460055, 6432215	4219573

$	550.00

550.00

$

2	Supervisor Fees - 11/18/2021 Meeting

Supervisor Fees - 11/18/2021 Meeting

Dale Weidemiller

John Blakley

Pete Williams

Dale Weidemiller John Blakley Pete Williams

John Leinaweaver

John Leinaweaver

--	$

$

--	$

$

--	$
--	$

200.00

200.00

200.00

200.00

200.00

200.00

200.00

200.00

TOTAL

$1,350.00

TOTAL	$1,350.00

cretary

Se

Board Member

retary / Assistant Se

Secretary / Assistant Se retary	Board Member

Laurel Road CDD

Laurel Road CDD

c/o PFM Group Consulting

3501 Quadrangle Blvd. Ste. 270

c/o PFM Group Consulting 3501 Quadrangle Blvd. Ste. 270

Orlando, FL 32817

Orlando, FL 32817

LaneA@pfm.com // (407) 723-5925

LaneA@pfm.com // (407) 723-5925

By Amanda Lane at 1:16 pm, Dec 08, 2021

LAUREL ROAD

LAUREL ROAD

C O M M U N I T Y	D E V E L O P M E N T	D I S T R I C T

C O M M U N I T Y	D E V E L O P M E N T	D I S T R I C T

Funding Request No. 060

Funding Request No. 060

12/3/202

12/3/2021

Item

Vendo

r

Invoice	Construction

te	Vend	nvoice	Constr ctio

No.

Number

Fund

No.	Number	Fund

1	Ferguson Waterworks

Vistera Construction Materials

$

Vistera Construction Materials

$

2	Forsberg Construction

Vistera of Venice - Phase 1 pay app 4 Through 11/30/202

620,839.25

$

1	Ferguson Waterworks
Vister   Co structio   Mat  rials	1536107	80,110.80	
	Vistera Construction Materials	1534915	23,408.00	
2	Forsberg Construction
Vistera of Venice - Phase 1 pay app 4 Through 11/30/2021	
--	
$ 620,839.25	
		
TOTAL	
$ 724,358.05	

TOTAL

S

y

Board Member

724,358.05

$

ecretary / Assistant Se

Secretary / Assistant Secretary	Bo rd Member

Laurel Road CDD

Laurel Road CDD

c/o PFM Group Consulting

c/o PFM Group Consulting

3501 Quadrangle Blvd. Ste. 270

3501 Quadrangle Blvd. Ste. 270

Orlando, FL 32817

Orlando, FL 32817

LaneA@pfm.com // (407) 723-5925

LaneA@pfm.com // (407) 723-5925
By Amanda Lane at 1:16 pm, Dec 08, 2021

LAUREL ROAD

LAUREL ROAD

C O M M U N I T Y	D E V E L O P M E N T	D I S T R I C T

C O M M U N I T Y	D E V E L O P M E N T	D I S T R I C T

Funding Request No. 06

Funding Request No. 061

12/10/202

12/10/2021

Item

Vendor

Invoice	General

Item	Vendor	Invoice	Genera

No.

Number	Fund

No.	Number	Fund

1	PFM Group Consulting

PFM Group Consulting

DM Fee: December 202

DM Fee: December 2021

$

DM-12-2021-27	2,500.00

October Reimbursables

19.86

OE-EXP-11-20

$

October Reimbursables	OE-EXP-11-20	19.86

2	Supervisor Fees - 12/18/2021 Meeting

Supervisor Fees - 12/18/2021 Meeting

Dale Weidemiller

John Blakley

Pete Williams

Janice Snow

Dale Weidemiller John Blakley Pete Williams Jani	S	w

John Leinaweaver

John Leinaweaver

--	$

$

--	$

$

--	$
--	$
--	$

200.00

200.00

200.00

200.00

200.00

200.00

200.00

200.00

200.00

200.00

3	VGlobalTech

VGlobalTech

December Website Maintenance

3386

December Website Maintenance	3386

$	125.00

125.00

$

TOTAL

$3,644.86

TOTAL	$3,644.86

Board Member

eetary / Assistant Secre

Secretary / Assistant Secr tary	Board Member

Laurel Road CDD

Laurel Road CDD

c/o PFM Group Consulting

3501 Quadrangle Blvd. Ste. 270

c/o PFM Group Consulting 3501 Quadrangle Blvd. Ste. 270

Orlando, FL 32817

Orlando, FL 32817

LaneA@pfm.com // (407) 723-5925

LaneA@pfm.com // (407) 723-5925
By Amanda Lane at 4:09 pm, Dec 13, 2021

LAUREL ROAD

LAUREL ROAD

C O M M U N I T Y	D E V E L O P M E N T	D I S T R I C T

C O M M U N I T Y	D E V E L O P M E N T	D I S T R I C T

Funding Request No. 062

Funding Request No. 062

12/17/202

12/17/2021

Item

Vendor

Invoice	General

Item	Vendor	Invoice	General

No.

Number	Fund

No.	Number	Fund

1	Supervisor Fees - 12/16/2021 Meeting

Supervisor Fees - 12/16/2021 Meeting

Dale Weidemiller

John Blakley

Pete Williams

Janice Snow

Dale Weidemiller John Blakley Pete Williams Janice Snow

John Leinaweaver

John Leinaweaver

--	$

$

--	$

$

--	$
--	$
--	$

200.00

200.00

200.00

200.00

200.00

200.00

200.00

200.00

200.00

200.00

2	VGlobalTech

VGlobalTech

Quarterly Website Audit

3420

Quarterly Website Audit	3420

$	300.00

300.00

$

TOTAL

$1,300.00

TOTAL	$1,300.00

Board Member

ecretary / Assistant S

Secretary / Assistant Secretary	Board Member

Laurel Road CDD

Laurel Road CDD

c/o PFM Group Consulting

3501 Quadrangle Blvd. Ste. 270

c/o PFM Group Consulting 3501 Quadrangle Blvd. Ste. 270

Orlando, FL 32817

Orlando, FL 32817

LaneA@pfm.com // (407) 723-5925

LaneA@pfm.com // (407) 723-5925
By Amanda Lane at 1:39 pm, Dec 20, 2021

LAUREL ROAD

LAUREL ROAD

C O M M U N I T Y	D E V E L O P M E N T	D I S T R I C T

C O M M U N I T Y	D E V E L O P M E N T	D I S T R I C T

Funding Request No. 063

Funding Request No. 063

12/17/202

12/17/2021

Item

Vendo

r

Invoice	Construction

te	Vend	nvoice	Constructio

No.

Number

Fund

No.	Number	Fund

1	Ferguson Waterworks

1	Ferguson Waterworks

Vistera Construction Materials

1529999

Vister   Con tr ction Materials	1529999

Vistera Construction Materials

1529999-

Vistera Construction Materials	1529999-1

Vistera Construction Materials

1537190

Vistera Con tr ction Materials	1537190

Vistera Construction Materials

1531109-3

Vistera Construction Materials	1531109-3

$	76,640.00

76,640.00

$

19,160.00

$

$	19,160.00

72,828.00

$

$	72,828.00

23,408.00

$

$	23,408.00

Vistera Construction Materials

$

Vistera Construction Materials	1529999-2	325,720.00

Vistera Construction Materials

$

Vistera Construction Materials	1529999-3	172,440.00

Vistera Construction Materials

$

Vistera Construction Materials	1529999-4	246,040.00

Vistera Construction Materials

1529999-5

67,628.80

$

Vistera Construction Materials	1529999-5	$	67,628.80

Vistera Construction Materials

$

Vistera Construction Materials	1529999-6	221,620.00

TOTAL

1,225,484.80

$

TOTAL	$ 1,225,484.80

S

Board Member

ecretary / Assistant Se

Secretary / Assistant Secretary	Board Member

Laurel Road CDD

Laurel Road CDD

c/o PFM Group Consulting

c/o PFM Group Consulting

3501 Quadrangle Blvd. Ste. 270

3501 Quadrangle Blvd. Ste. 270

Orlando, FL 32817

Orlando, FL 32817

LaneA@pfm.com // (407) 723-5925

LaneA@pfm.com // (407) 723-5925
By Amanda Lane at 1:39 pm, Dec 20, 2021

Laurel Road Community Development District

Review of District Financial Statements

Laurel Road CDD
Statement of Financial Position As of 11/30/2021

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

$3,228.97	$3,228.97
20,108.17	20,108.17
$677,949.09	677,949.09

$23,337.14	$677,949.09	$701,286.23

Total Assets	$23,337.14		$677,949.09		$701,286.23	

Liabilities and Net Assets					
Current Liabilities
Accounts Payable	$18,308.17				
$18,308.17	
Deferred Revenue	17,216.50				17,216.50	
Accounts Payable		$677,949.09		677,949.09	
Deferred Revenue		677,949.09		677,949.09	
Total Current Liabilities	$35,524.67		$1,355,898.18		$1,391,422.85	

Total Liabilities	$35,524.67		$1,355,898.18		$1,391,422.85	

Net Assets
Net Assets, Unrestricted	($0.05)				

($0.05)	
Net Assets - General Government	4,729.07				4,729.07	
Current Year Net Assets - General Government	(16,916.55)				(16,916.55)	
Net Assets, Unrestricted		($21,097.50)		(21,097.50)	
Current Year Net Assets, Unrestricted		(656,851.59)		(656,851.59)	

Total Net Assets	($12,187.53)		($677,949.09)		($690,136.62)	

					
Total Liabilities and Net Assets	$23,337.14		$677,949.09		$701,286.23	

Page 1 of 1

Laurel Road CDD Statement of Activities As of 11/30/2021

General Fund	Capital Projects
Fund

Total

Revenues

Developer Contributions	$5,350.00				$5,350.00	
Total Revenues	$5,350.00		$0.00		$5,350.00	

Supervisor Fees	$2,000.00				$2,000.00	
Public Officials' Liability Insurance	2,329.00				2,329.00	
Management	5,000.00				5,000.00	
District Counsel	7,212.50				7,212.50	
Legal Advertising	2,454.00				2,454.00	
Miscellaneous	0.05				0.05	
Web Site Maintenance	250.00				250.00	
Dues, Licenses, and Fees	175.00				175.00	
General Insurance	2,846.00				2,846.00	
Contingency			$656,851.59		656,851.59	
Total Expenses	$22,266.55	$656,851.59	$679,118.14

her Revenues (Expenses) & Gains (Losses)	
Total Other Revenues (Expenses) & Gains (Losses)	$0.00		$0.00		$0.00	
Change In Net Assets	($16,916.55)		($656,851.59)		($673,768.14)	

Net Assets At Beginning Of Year	
$4,729.02		
($21,097.50)		
($16,368.48)	

Net Assets At End Of Year	
($12,187.53)		
($677,949.09)		
($690,136.62)	

Expenses

Ot

Page 1 of 1

Laurel Road CDD
Budget to Actual
For the Month Ending 11/30/2021

Year To Date

Actual	Budget	Variance

FY 2022
Adopted Budget

Revenues

Developer Contributions	$	5,350.00		$	20,225.84		$	(14,875.84)		$ 121,355.00	
Net Revenues	$	5,350.00		$	20,225.84		$	(14,875.84)		$ 121,355.00	

General & Administrative Expenses

Supervisor Fees	$	2,000.00		$	2,000.00		$	-		$	12,000.00	
Public Officials' Liability Insurance	2,329.00		412.50		1,916.50		2,475.00	
Trustee Services	-		1,000.00		(1,000.00)		6,000.00	
Management	5,000.00		5,000.00		-		30,000.00	
Engineering	-		2,500.00		(2,500.00)		15,000.00	
Dissemination Agent	-		833.34		(833.34)		5,000.00	
District Counsel	7,212.50		3,333.34		3,879.16		20,000.00	
Assessment Administration	-		1,250.00		(1,250.00)		7,500.00	
Reamortization Schedules	-		41.66		(41.66)		250.00	
Audit	-		1,000.00		(1,000.00)		6,000.00	
Postage & Shipping	-		50.00		(50.00)		300.00	
Legal Advertising	2,454.00		1,666.66		787.34		10,000.00	
Bank Fees	-		30.00		(30.00)		180.00	
Miscellaneous	0.05		83.36		(83.31)		500.00	
Office Supplies	-		41.66		(41.66)		250.00	
Web Site Maintenance	250.00		450.00		(200.00)		2,700.00	
Dues, Licenses, and Fees	175.00		29.16		145.84		175.00	
General Insurance	2,846.00		504.16		2,341.84		3,025.00	
Total General & Administrative Expenses	$	22,266.55		$	20,225.84		$	2,040.71		$ 121,355.00	

Total Expenses

  $	22,266.55  

   $	20,225.84  

  $	2,040.71  

  $   121,355.00  

  	 

Net Income (Loss)

$	(16,916.55)	$

-	$	(16,916.55)	$	-

  	 

Page 1 of 1