MINUTES OF MEETING KEPLER ROAD
COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the Kepler Road Community Development District was held Monday, July 8, 2024 at 11:00 a.m. at the Gateway Center for the Arts, 880 Highway 17, DeBary, Florida.

Present and constituting a quorum:
Tony Iorio	Chairman
Duane “Rocky” Owen	Assistant Secretary
Tom Franklin	Assistant Secretary Also present were:
George Flint	District Manager, GMS
Michelle Rigoni	District Counsel by phone
Sean Fortier	District Engineer, Kelly, Collins & Gentry, Inc. Scott Stuart

FIRST ORDER OF BUSINESS	Roll Call
Mr. Iorio called the meeting to order and called the roll. Three Board members were present constituting a quorum.

SECOND ORDER OF BUSINESS	Public Comment Period
Mr. Flint stated that there were only Board members and staff present today.

THIRD ORDER OF BUSINESS	Approval of Minutes of the April 8, 2024
Board of Supervisors Meeting
Mr. Flint presented the minutes from the April 8, 2024, Board of Supervisors meeting and asked for any comments or corrections to the minutes. There were no comments or corrections to the minutes. The Board approved the minutes.

On MOTION by Mr. Iorio, seconded by Mr. Franklin, with all in favor, the Minutes of the April 8, 2024, Board of Supervisors Meeting, were approved subject to changes from counsel.

FOURTH ORDER OF BUSINESS	Public Hearing
Mr. Flint asked for a motion to open the public hearing.

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

Mr. Flint noted that there were no members of the public present to provide comment and asked for a motion to close the public hearing.

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

A. Consideration of Resolution 2024-36 Adopting the Fiscal Year 2025 Proposed Budget and Appropriating Funds
Mr. Flint presented the Fiscal Year 2025 proposed budget and noted that the actuals had been updated through the end of May. He stated that this budget would be developer funded in lieu of assessments. The developer would only be responsible for the actual expenses up to the budgeted amount.

On MOTION by Mr. Franklin, seconded by Mr. Owen, with all in favor, Resolution 2024-36 Adopting the Fiscal Year 2025 Proposed Budget and Appropriating Funds, was approved.

FIFTH ORDER OF BUSINESS	Consideration of Fiscal Year 2024/2025
Developer Funding Agreement
Mr. Flint presented the Developer Funding Agreement and stated it was between the CDD and TLC Trinity Gardens LLC. He asked Ms. Rigoni if there was anything she would like to add on the Funding Agreement. Ms. Rigoni stated the substance and the terms of the agreement have stayed the same as prior years, however the structure has been updated. She asked their counsel to review the agreement. Board consensus was to bring back another agreement with LandSea who

will be acquiring Phase 1. Mr. Flint asked for a motion to approve the budget Funding Agreement for Fiscal Year 2025 in substantial form.

On MOTION by Mr. Franklin, seconded by Mr. Iorio, with all in favor, the Fiscal Year 2024/2025 Developer Funding Agreement and Authorizing the Chairman or Vice Chairman to Execute the Final Agreement, was approved in substantial form.

SIXTH ORDER OF BUSINESS	Staff Reports
A. Attorney
Ms. Rigoni stated that they have filed a validation complaint and warned the Board they will see some requests for documentation. There were no further questions for Ms. Rigoni.

B. Engineer
Mr. Fortier gave an update on the general construction overview and noted that Phase One is still ongoing. Utility testing will start in the next few weeks. Other phases have not started, however will be getting new drone photography this week. Mr. Iorio asked if the schedule is still set for the end of the year, as discussed. Mr. Fortier believed it is, however, he needs a full update. Any builds or turnovers will be coordinated with Kutak Rock. There was no action required.

C. District Manager’s Report
Balance Sheet & Income Statement
Mr. Flint stated the balance and income statements are through the end of May and were unaudited. He noted no action is required.

Ratification of Funding Requests No. 3-8
Mr. Flint stated that funding request #3-8 were transmitted to the developer under the funding agreement. There were no questions, Mr. Flint asks for a motion to ratify funding requests 3-8.

On MOTION by Mr. Franklin, seconded by Mr. Owen, with all in favor, Funding Requests #3-8, were ratified.

Adoption of District Goals and Objectives

Mr. Flint stated the legislature implemented a new law that requires Special Districts to adopt goals and objectives by October 1st, and annually after that. There needs to be a report by December 2025 on how the District has performed against those adopted goals and objectives. Mr. Flint asked the Board to approve this to meet the October 1st deadline.
Mr. Iorio asked if this was something that came from the legislators or if this was something the Board drafted. Mr. Flint stated this was something the Board put together. There were no further questions, and Mr. Flint asked for a motion of approval.

On MOTION by Mr. Franklin, seconded by Mr. Owen, with all in favor, the Adoption of District Goals and Objectives, was approved.

Approval of Fiscal Year 2025 Meeting Schedule
Mr. Flint stated the Board is required to adopt an annual meeting schedule. The schedule will follow meeting on the second Monday of each month at 11 am. They asked for a motion of approval.

On MOTION by Mr. Iorio seconded by Mr. Franklin, with all in favor, the Fiscal Year 2025 Meeting Schedule, was approved.

SEVENTH ORDER OF BUSINESS	Other Business
There being no comments, the next item followed.

EIGHTH ORDER OF BUSINESS	Supervisors Requests
There being no comments, the next item followed.

NINTH ORDER OF BUSINESS	Adjournment

On MOTION by Mr. Owen seconded by Mr. Franklin with all in favor, the meeting was adjourned.

Secretary/Assistant Secretary	Chairman/Vice Chairman