MINUTES OF MEETING
BOGGY BRANCH COMMUNITY DEVELOPMENT DISTRICT BOARD OF SUPERVISORS' MEETING MINUTES
Thursday, February 15, 2024, at 10:00 a.m. 14775 Old St. Augustine Road Jacksonville, FL 32258

Board Members present at roll call in person or via speaker phone:

Kelly White James Stowers Andy Hagan KC Middleton Jon Morris

Chairperson
Vice Chairperson Assistant Secretary Assistant Secretary Assistant Secretary

Also, present in person or via phone:

Vivian Carvalho Venessa Ripoll Jorge Jimenez Jennifer Glasgow Kevin Plenzler Michael Dennis Sete Zare
Brett Sealy Mike Veazey Scott Wild Keith Donnelly

District Manager - PFM Group Consulting LLC
District Manager - PFM Group Consulting LLC  (via phone) ADM - PFM Group Consulting LLC		(via phone) District Accountant - PFM Group Consulting LLC (via phone) PFM Financial Advisors	(via phone)
PFM Financial Advisors	(via phone)
Underwriter- MBS Capital Markets	(via phone)
MBS Capital Markets	(via phone) ICI Homes
District Engineer- England-Thims & Miller David Weekley Homes

Mark Watts Lo Etienne

District Counsel - Cobb Cole Bryant Miller Olive

(via phone) (via phone)

FIRST ORDER OF BUSINESS		Organizational Matters Call to Order and Roll
The meeting was called to order at 10:01 a.m. Ms. Carvalho proceeded with roll call and confirmed quorum to proceed with the meeting. Those in attendance are outlined above.

Public Comment Period
There were no public comments at this time.

SECOND ORDER OF BUSINESS	General Business Matters
Consideration of Minutes of the January 11, 2024, Board of Supervisors Meeting

The Board reviewed the Minutes of the January 11, 2024, Board of Supervisors' Meeting.

ON MOTION by Ms. White, seconded by Mr. Stowers, with all in favor, the Board approved the Minutes of the January 11, 2024, Board of Supervisor's Meeting.

Consideration of Resolution 2024- 07, Ratifying the Rescheduling of the Public Hearing on •
Equalizing and Imposing Special Assessments

ON MOTION by Mr. Hagan, seconded by Mr. Middleton, with all in favor, the Board approved Resolution 2024-07, Ratifying the Rescheduling of the Public Hearing on Equalizing and Imposing Special Assessments.

Public Hearing on the Equalization and Imposition of Special Assessments
Public Comments and Testimony
Board Comments
Consideration of Resolution	2024-08, Equalizing and Imposing Special Assessments

ON MOTION by Ms. White, seconded by Mr. Hagan, with all in favor, the Board opened the public hearing.

Mr. Watts reviewed the resolution for the Board as the final resolution in the assessment process.

ON MOTION by Ms. White, seconded by Mr. Middleton, with all in favor, the Board closed the public hearing.

ON MOTION by Ms. White, seconded by Mr. Stowers, with all in favor, the Board approved Resolution 2024-08, Equalizing and Imposing Special Assessments.

Consideration of the Supplemental Engineer's Report
Mr. Wild reviewed the report for the Board. There are 467 units in Phase 2 with the cost of the infrastructure totaling $49,696,000.00. Phase 1 infrastructure that had been advanced funded by the developer totaled $7,240,000.00.

ON MOTION by Mr. Hagan, seconded by Mr. Middleton, with all in favor, the Board approved the Supplemental Engineer's Report.

Consideration of the Supplemental Assessment Methodology Report

Mr. Dennis reviewed the Supplemental Assessment Methodology Report for the 2024 A Bonds for the Board. Mr. Dennis stated, that after review, the assessments have been found to be reasonably and equitably allocated.

ON MOTION by Mr. Hagan, seconded by Mr. Stowers, with all in favor, the Board approved the Supplemental Assessment Methodology Report.

Cons'ideration of Resolution 2024- 09, Supplemental Assessment Resolution
Mr. Watts reviewed the resolution for the Board. He stated that it is consistent with the Master Methodology that was approved back in December and is updated to reflect actual pricing.

ON MOTION by Ms. White, seconded by Mr. Middleton, with all in favor, the Board approved Resolution 2024-09, Supplemental Assessment Resolution.

Ratification of Completion Agreement, Collateral Assignment Agreement, True-Up Agreement, and Acquisition Agreement

Mr. Watts explained that these were some ancillary documents that have already been approved and executed in anticipation of the closing today. Ms. Etienne stated that these have been uploaded to the bond closing document portal/file.

ON MOTION by Ms. White, seconded by Mr. Hagan, with all in favor, the Board ratified the Completion Agreement, Collateral Assignment Agreement, True-Up Agreement, and Acquisition Agreement.

Consideration of Matters Pertaining to Reimbursement of Phase 1 improvements

Ms. White mentioned that the Board needed to ratify Series 2024A Requisition No. 1 for the reimbursement of Phase 1 improvements which totals $7,240,000.00.

ON MOTION by Ms. White, seconded by Mr. Hagan, with all in favor, the Board ratified Series 2024A Requisition No. 1.

Review and Consideration of Bids for the Phase 2 Construction Project

Mr. Wild reviewed the four bids received for Phase 2A as of January 26, 2024. He provided the recommended rankings with W. Gardner at #1, AJ Johns, Inc. at #2, Vallencourt at #3, and Petticoat-Schmitt at #4. W. Gardner was the lowest bidder at $9,807,726.98.

ON MOTION by Mr. Hagan, seconded by Ms. White, with all in favor, the Board approved the ranking as of W. Gardner at #1, AJ Johns, Inc. at #2, Vallencourt at #3, and Petticoat-Schmitt at #4.

Ratification of Vallencourt Change Orders No. 1 & 2 - Seven Pines Phase 1C

Ms. Carvalho noted that these items have already been approved.

ON MOTION by Mr. Hagan, seconded by Mr. Stowers, with all in favor, the Board ratified Vallencourt Change Orders No. 1 & 2 - Seven Pines Phase 1C.

Ratification of Requisitions Nos. 227 - 231

Ms. Carvalho noted that these items have already been approved.

ON MOTION by Mr. Hagan, seconded by Mr. Middleton, with all in favor, the Board ratified Requisitions Nos. 227 - 231.

Ratification	of	Payment Authorizations Nos. 105 - 109

Ms. Carvalho noted that these items have already been approved.

ON MOTION by Mr. Hagan, seconded by Mr. Middleton, with all in favor, the Board ratified Payment Authorizations Nos. 105 - 109.

Review	of	District	Financial Statements

The Board reviewed the District Financial Statements as of January 31, 2024. Ms. White noted that there are $50,000.00 remaining in the acquisition fund.

THIRD ORDER OF BUSINESS		Other Business Staff Reports
District Counsel -	No report.

District Engineer-	No report.

District Manager -	Ms. Carvalho stated that the next meeting is scheduled for April 18, 2024, where they will present the preliminary FY 2025 budget.

Audience	Comments	and Supervisors Requests
Ms. White suggested authorizing staff to proceed.with the next steps following the approval of the ranking.

ON MOTION by Ms. White, seconded by Mr. Stowers, with all in favor, the Board approved for staff to proceed with next steps by sending notice of award and allowing the protest period to complete and authorizing District Council to enter into an agreement with the No. 1 Ranked company in regard to Bids for the Phase 2 Construction Project.

FOURTH ORDER OF BUSINESS	Adjournment

There were no additional items to discuss. Ms. Carvalho requested a motion to adjourn.

ON MOTION by Ms. White, seconded by Mr. Middleton, with all in favor, the February 15, 2024, of Supervisors' Meeting of the Boggy Branch Community Development District was adjourned at 10:25 a.m.

Secretary/Assistant Secretary