Title: MCID Minutes 04-18-2023

MYRTLE CREEK IMPROVEMENT DISTRICT BOARD OF SUPERVISORS' MEETING MINUTES

FIRST ORDER OF BUSINESS	Roll Call to Confirm a Quorum

The Board of Supervisors' Meeting for the Myrtle Creek Improvement District was called to order on Tuesday, April 18, 2023, at 5:00 p.m. at the Courtyard Orlando Lake Nona, 6955 Lake Nona Blvd, Orlando, FL 32827.	.

Present:

Bob Da Silva Kyle Scholl John Lynaugh Marsha Leed Kam Shenai

Also attending:

Jennifer Walden Lynne Mullins Amanda Lane Jeffrey Newton Matt McDermott Larry Kaufmann Tucker Mackie Katie Harmer

Chairman Assistant Secretary Assistant Secretary Assistant Secretary Vice Chairman

PFM PFM PFM
Donald W. Melntosh Associates Construction Committee Member Construction Supervisor
Kutak Rock Berman

Uoined @ 5:02 pm)

(via phone) (via phone)

(via phone) (via phone)

SECOND ORDER OF BUSINESS	Public Comment Period

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

THIRD ORDER OF BUSINESS	Consideration of the Minutes of the March 21, 2023, Board of Supervisors' Meeting

The Board reviewed the minutes of the March 21, 2023, Board of Supervisors' Meeting.

On motion by Mr. Shenai, seconded by Mr. Lynaugh, with all in favor, the Board of Supervisors for the Myrtle Creek Improvement District approved the Minutes of the March 21, 2023, Board of Supervisors' Meeting.

FOURTH ORDER OF BUSINESS	Review of Fiscal Year 2024 Operations & Maintenance Budget

Ms. Walden stated no action is required on this item, but District staff wanted to provide the budget for the Board to review and give feedback. The Board will be adopting the proposed budget at the next meeting.

Discussion ensued regarding the landscaping budget and the need for trail repairs.

FIFTH ORDER OF BUSINESS	Review and Acceptance of Arbitrage Rebate Report for the Series 2016A Bonds

Ms. Walden stated Arbitrage Rebate Counselors, LLC provided the report and they indicated there's no cumulative rebatable arbitrage liability as of September 14, 2021. The Board will need to accept this report for the record.

Ms. Leed asked about an item in the report that listed the District earned $91,000.00 less on its investments during a computation period. Ms. Mackie responded that is a good thing because if the District is earning arbitrage on the Bonds, then the District is making money by continuing to sit on proceeds above the tax exempt rate. That's not money that the District would be allowed to keep as it would need to be provided to the IRS.

On motion by Ms. Leed, seconded by Mr. Lynaugh, with all in favor, the Board of Supervisors for the Myrtle Creek Improvement District accepted the Arbitrage Rebate Report for the Series 2016A Bonds.

SIXTH ORDER OF BUSINESS		Ratification of Operation and Maintenance Expenditures Paid in March 2023 in an amount totaling
$58,093.18

Ms. Walden noted that these Operation and Maintenance Expenditures have been approved and need to be ratified by the Board.

On motion by Mr. Scholl, seconded by Mr. Lynaugh, with all in favor, the Board of Supervisors for the Myrtle Creek Improvement District ratified the Operation and Maintenance Expenditures paid in March 2023 in an amount totaling $58,093.18.

SEVENTH ORDER OF BUSINESS	Recommendation of Work Authorization/Proposed Services

Mr. Kaufmann stated there were no Work Authorizations.

EIGHTH ORDER OF BUSINESS	Review of District's Financial Position and Budget to Actual YTD

Ms. Walden stated the financials are listed through March and the District has expenses of $284,000.00 versus a little over $1,000,000.00 budget. This equates to about 28% of the budget being spent so far.

Mr. Scholl stated that he supports the idea that the District needs to spend money on safety items like trail improvements. He asked if there is room in the budget to commission a local artist to decorate Lake Nona Boulevard now that a lot of the construction has been done. The Board discussed this idea and if it is something Tavistock or other entities would like to be involved with. Mr. Shenai stated he has been communicating with Craig Collin at Tavistock about artwork in the District, and it is something they are looking into. Ms. Mackie noted the District has the ability to make enhancements and use the funds available for such items, but it's the City's right-of-way, and the permit currently only allows the District to maintain existing landscaping and irrigation. The District would have to involve the City to the extent that the District would be locating something that from a traffic perspective might be problematic given its location. Further discussion ensued regarding areas of placement of potential items.

NINTH ORDER OF BUSINESS	Staff Reports

District Counsel -	No report.

District Manager -	Ms. Walden stated the next scheduled meeting is the second Tuesday of
the month, which is May 9, 2023. Mr. Shenai, Ms. Leed and Mr. Da Silva all confirmed they would be in attendance.

Ms. Leed asked about the $400,000.00 that is in the account for the ponds. Ms. Mackie replied that the Boggy Creek ID Board approved a Work Authorization today for new metes and bounds descriptions so that the land can be acquired. It's anticipated that at the June meeting the acquisition item will come back to the Board.

Ms. Walden noted the District has the Construction Committee Meetings that meet every other week at the District Engineer's office. District staff is changing locations to be held at the Tavistock office and will move forward with meeting only once a month. The meetings will be held on May 4, 2023, June 15, 2023, July 13, 2023, August 10, 2023, and September 7, 2023.

District Engineer -

Construction Supervisor -

Landscape Supervisor -

Mr. Newton stated the update for the Performance Drive project and the roundabout on Lake Nona Boulevard is that they are in review by the City.

No report.

Mr. McDermott stated for the Narcoossee entrance, the Advent Health Contractor finally moved in and started doing their work. There have been three broken irrigation issues already. He noted that he will bring an update to the June meeting as he is not sure the work will be done by the May meeting date. That update will include a fully thought-out proposal and price, which he will be looking for the Board's approval to use those funds.

Mr. McDermott stated for maintenance, District staff will be reaching out to BrightView a little more often as there's a lot of sod issues both in the median and on the east side of the road.

Mr. Shenai mentioned the floodlight on the monument being out for five months and is concerned about why the light can't be replaced. Mr. McDermott responded that it's not the District's property and the District doesn't have authorization to change it. Discussion ensued regarding solutions to this item. District staff stated they will continue to follow up with OUC regarding getting the issue fixed.

Irrigation SupeNisor -	No report.

TENTH ORDER OF BUSINESS	Supervisor Requests

No SupeNisor requests.

ELEVENTH ORDER OF BUSINESS	Adjournment

On motion by Mr. Shenai, seconded by Mr. Lynaugh, with all in favor, the April 18, 2023, Meeting of the Board of SupeNisors for the Myrtle Creek Improvement District was adjourned.

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