MINUTES OF MEETING HUNT CLUB GROVE
COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the Hunt Club Grove Community Development District was held Tuesday, August 12, 2025, at 9:46 a.m. at the Lake Alfred Public Library, 245 N. Seminole Avenue, Lake Alfred, Florida, and via Zoom.

Present and constituting a quorum:

Adam Morgan by Zoom	Chairman
Rob Bonin	Vice Chairman
Kayla Word	Assistant Secretary
Brent Kewley	Assistant Secretary Also present were:
Tricia Adams	District Manager, GMS
Mark Watts	District Counsel
Dave Schmitt	District Engineer
Allen Bailey	Field Manager
Steve Sanford	Bond Counsel

FIRST ORDER OF BUSINESS	Roll Call
Ms. Adams called the meeting to order at 9:46 a.m. and took roll call. Three Board members were present in person constituting a quorum.

SECOND ORDER OF BUSINESS	Public Comment Period
There were no members of the public present, nor attending via Zoom.

THIRD ORDER OF BUSINESS	Approval of Minutes of the July 8, 2025
Board of Supervisors Meeting
Ms. Adams presented the minutes from the July 8, 2025 Board of Supervisors meeting. She noted that she had reviewed the minutes and asked for any comments, corrections, or changes. The Board had no changes to the minutes.

On MOTION by Mr. Bonin, seconded by Ms. Word, with all in favor, the Minutes of the July 8, 2025 Board of Supervisors Meeting were approved.

FOURTH ORDER OF BUSINESS	Presentation  and  Approval  of  Second
Supplemental Engineer’s Report dated July 29, 2025
Ms. Adams stated that the Board had kicked off the Series 2025 bond process for Assessment Area 2. She noted that they will review the Engineer’s report, the supplemental assessment methodology, the delegation resolution to be presented by Steve Sanford, and the appointment of the underwriter. Ms. Adams added that the first agenda item was the presentation and approval of the second supplemental engineer’s report. District Engineer Mr. Schmidt, joined by phone, and explained that the requested changes had been incorporated for Assessment Area 2. Ms. Adams asked if there were any further comments from the District engineering staff before moving forward.

On MOTION by Mr. Bonin, seconded by Ms. Word, with all in favor, the of Second Supplemental Engineer’s Report dated July 29, 2025, was approved in substantial form.

FIFTH ORDER OF BUSINESS	Presentation and Approval of Preliminary
Supplemental Assessment Methodology Report for Assessment Area Two dated August 12, 2025
Ms. Adams stated that the Board had reviewed the supplemental assessment methodology report. She noted that the District engineer provided the construction costs, which were portioned out reasonably among the benefiting properties. She added that a preliminary version had been circulated for review and comments had been received regarding clarification of the number of lots. It was confirmed that there were 223 total units in Assessment Area 2, comprised of 136 40- foot units and 87 50-foot units, both of which are equal to one ERU. The estimated project costs, bond sizing, issuance costs, and debt service reserve were presented, with an estimated interest rate. The par debt per unit was calculated for each product type. The gross annual debt assessments to appear on tax bills were noted. Ms. Adams noted that a table showing all lots, current owners,

and debt allocation was included. She said if there were no further questions, a motion was requested to approve the supplemental assessment methodology in substantial form.

On MOTION by Mr. Bonin, seconded by Ms. Word, with all in favor, the Preliminary Supplemental Assessment Methodology Report for Assessment Area Two dated August 12, 2025, was approved in substantial form

SIXTH ORDER OF BUSINESS	Consideration	of	Resolution	2025-08
Delegation Resolution (Series 2025, Assessment Area Two Bonds)
Mr. Steve Sanford from Greenberg Traurig, serving as bond counsel, presented Resolution 2025-08, the delegation resolution. He explained that the resolution sets parameters in Section 3, which allowed the Chair or Vice Chair to sign the bond purchase contract if the terms were within those limits. Mr. Sanford noted that the resolution authorized a maximum principal amount of $6 million, though the Board was not bound to issue that full amount. He added that the interest rate could not exceed what Florida law permitted, and the underwriter’s compensation came from buying the bonds at 98% and reselling at 100%. Mr. Sanford reviewed the exhibits included with the resolution: the Bond Purchase Contract with FMS as underwriter, the Preliminary Limited Offering Memorandum used to market the bonds, the Continuing Disclosure Agreement requiring both the District and developer to provide information under SEC rules, and the second supplemental trust indenture that would include the specific terms for this bond issue. He then asked for a motion to adopt Resolution 2025-08.

On MOTION by Mr. Bonin, seconded by Mr. Kewley, with all in favor, Resolution 2025-08 Delegation Resolution (Series 2025, Assessment Area Two Bonds), was approved.

SEVENTH ORDER OF BUSINESS	Appointment of Underwriter – FMS
Ms. Adams stated that the Board had discussed the appointment of the underwriter for the Series 2025 bond. She noted there was a letter on page 246 that authorized FMS to serve as the underwriter.

On MOTION by Mr. Bonin, seconded by Ms. Word, with all in favor, the Appointment of FMS as Underwriter, was approved.

EIGHTH ORDER OF BUSINESS	Review of Floralawn Price Reduction –
ADDED
Ms. Adams stated that they had received good news. On page 250, following negotiations with Supervisor Bonin, Floralawn agreed to a monthly service price reduction of $806.06. She said that the Board was asked to make a motion to accept the agreement addendum.

On MOTION by Mr. Bonin, seconded by Ms. Word, with all in favor, Accepting the Floralawn Price Reduction, was approved.

NINTH ORDER OF BUSINESS	Staff Reports
Attorney
Mr. Watts stated that they were working on the ancillary bond documents and working toward a closing. He added that he would get an addendum together for the Floralawn update.

Engineer
Mr. Schmidt stated they had nothing to report.

Field Manager’s Report
Mr. Bailey reported that the central sidewalk erosion issue had been reviewed and fixed. He added that the area looked good but would continue to be monitored. He stated that the landscaping along the southern sidewalks was thriving after the recent rain. In Phase 2, the dry pond had shown some standing water and grass growth, but Floralawn had since disked the ponds, so they should be in good order.
Mr. Bailey added that he had followed up with Floralawn to ensure the work was completed, as the photos were from the previous month. He noted that additional work was delayed because the contract signatures were pending. Mr. Bailey stated that the Supervisor had asked him to visit the site that week, take pictures, and send updates. Mr. Bailey said lastly that the water that had been pooling was likely gone by then, though some might remain.

District Manager
Approval of Check Register
Ms. Adams stated that the items for the check register were from June 2025 to August 2025. She added that the total amount was $25,162.46 and that the items included in the agenda packet were for the Board's review and approval.

On MOTION by Mr. Bonin, seconded by Ms. Word, with all in favor, the Check Register from June 2025 to August 2025, for
$25,162.46 was approved.

Balance Sheet & Income Statement
Ms. Adams stated that the unaudited financials on page 266 were reviewed. She added that nothing was brought to the Board’s attention. She noted that the cash balance was being monitored, and collections for the fiscal year were complete. She said that the Board had controlled expenses well, with administration running under budget, and the field budget was also under, especially in areas not yet turned over to the District.

Project Development Update
Status of Property Conveyance
Status of Permit Transfers
Ms. Adams stated that she no updates.

Status of Construction Funds & Requisitions
Ratification of Series 2024, AA1 – Requisition #7
Ms. Adams stated that Bond requisition #7 covered two Trace Air invoices totaling $3,980.
She added that it had already been processed, and the Board was asked for a motion to ratify it.

On MOTION by Mr. Bonin, seconded by Ms. Word, with all in favor, the Series 2024-AA1 Requisition #7, was ratified.

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

ELEVENTH ORDER OF BUSINESS	Supervisors	Requests	and	Audience
Comments
There being no comments, the next item followed.

TWELFTH ORDER OF BUSINESS	Adjournment
Ms. Burns asked for a motion to adjourn the meeting.

On MOTION by Mr. Bonin, seconded by Ms. Word, with all in favor, the meeting was adjourned.

Secretary/Assistant Secretary	Chairman/Vice Chairman