MINUTES OF MEETING
CORDOVA PALMS COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the Cordova Palms Community Development District was held on Wednesday, July 14, 2021 at 10:00 a.m. at the offices of Governmental Management Services, LLC, 475 West Town Place, Suite 114, St. Augustine, Florida 32092.

Present and constituting a quorum were:

Louis Cowling Don Gullion Andrew Charlson Ken Brown Joyce Conway

Also present were:

Chairman
Vice Chaitman Supervisor Supervisor Supervisor

Daniel Laughlin Wes Haber Scott Wild Chad Sigmon Jim Perry
Rhonda Mossing David Rothman Misty Taylor Charlie Nelson

District Manager
District Counsel (by phone) District Engineer
Dream Finders Homes GMS (by phone)
MBS Capital Markets (by phone) Bryant Miller Olive (by phone) Bryant Miller Olive (by phone) BNYMellon

The following is a summary of the discussions and actions taken at the July 14, 2021 meeting. An audio copy of the proceedings can be obtained by contacting the District Manager.

FIRST ORDER OF BUSINESS	Roll Call
Mr. Laughlin called the meeting to order at 10:07 a.m.

SECOND ORDER OF BUSINESS	Public Comment
There being no members of the public present, the next item followed.

THIRD ORDER OF BUSINESS	Organizational Matters
Oath of Office for Newly Elected Supervisors
Mr. Laughlin administered an oath of office to Mr. Cowling, Mr. Gullion, Mr. Brown, Mr. Charlson and Ms. Conway.

Consideration of Resolution 2021-25, Canvassing and Certifying the Results of the Landowners Election
The landowners' elections results are Louis Cowling with 100 votes, Don Gullion with
100 votes, Andrew Charlson with 50 votes, Kenneth Brown with 25 votes and Joyce Conway with 25 votes. Louis Cowling and Don Gullion will serve four-year terms and Andrew Charlson, Kenneth Brown and Joyce Conway will serve two-year terms.

On MOTION by Mr. Cowling seconded by Ms. Conway  with all in favor Resolution 2021-25 canvassing and certifying the results of the landowner's election was approved.

Consideration of Resolution 2021-26, Electing and Designating the Officers of the District
Mr. Cowling will serve as Chairman, Don Gullion will serve as Vice
Chairman, Mr. Laughlin will serve as Secretary, Jim Perry will serve as Treasurer and Jim Oliver, Ernesto Torres, Ms. Conway, Mr. Charlson and Ken Brown will serve as Assistant Secretaries.

On MOTION by Mr. Cowling seconded by Ms. Conway with all  in favor Resolution 2021-26 electing and designating officers of the District as listed above was approved.

FOURTH ORDER OF BUSINESS	Consideration of Financing Matters
Master Engineer's Report
Mr. Wild noted the copy of the engineer's report included in the agenda package was missing the exhibits. A updated report with those items included was provided to the Board. Page one of the report provides a background of the District. Table one provides the various areas that make up the District. Table two provides the unit mix. Page two provides the status of the various permits. Tables 3A and 3B provide the infrastructure cost estimates. Pages four and five provide brief descriptions of the various improvements. Pages six and eight provides the basis of the cost estimate for the improvements.

On MOTION by Mr. Cowling seconded by Mr. Brown with all in favor the master engineer's report was approved.

Master Assessment Methodology Report
Mr. Perry gave an overview of the master methodology report noting the total capital improvement plan is $42,060,700. The maximum amount of debt being proposed is
$52,930,000. The tables attached show the land use, infrastructure cost estimates, the financing estimates, determination of benefit and a preliminary assessment roll. Mr. Perry noted the master assessment methodology will be utilized for the bond validation and with the issuance  of bonds a supplemental assessment methodology report will be updated for the units that are being financed with the bond issue.

On MOTION by Mr. Cowling seconded by Mr. Gullion with all in favor the master assessment methodology report was approved.

Resolution 2021-27, Declaring Special Assessments
Mr. Haber infonned the Board this is the first step in the process to impose special assessments against the prope1ty. This resolution provides the intent with regard to the assessments to be levied.

On MOTION by Mr. Cowling seconded by Mr. Gullion with all in favor Resolution 2021-27 declaring special assessments was approved.

Resolution 2021-28, Setting a Public Hearing for the Purpose of Imposing Special Assessments
Mr. Haber recommended the public hearing be set for the September meeting to allow
time for a 30-day mailed notice to landowners. He also clarified that all properties are covered in the resolution and methodology repo1t due to all properties receiving a benefit, however at the time the District issues the bonds there will be an amount identified that will need to be contributed by the developer in lieu of assessments on the property that is not to be assessed.

On MOTION by Mr. Cowling seconded by Ms. Conway  with all in favor Resolution 2021-28 setting a public hearing on September 8, 2021 at 10:00 a.m. at the offices of GMS for the purpose of imposing special assessments was approved.

Resolution 2021-29, Authorizing the Issuance of Bonds
Ms. Taylor informed the Board this resolution authorizes $52,930,000 of bonds in one or more series for the purpose of financing the capital improvement plan and authorizes bond counsel and district counsel to move forward with filing the bond validation.

On MOTION by Mr. Cowling seconded by Ms. Conway with all in favor Resolution 2021-29 authorizing the issuance of bonds was approved.

FIFTH ORDER OF BUSINESS	Approval of Minutes of the June 2, 2021
Organizational Meeting
Mr. Gullion noted the spelling of his last name is incorrect.

On MOTION by Mr. Cowling seconded by Mr. Brown with all in favor the minutes of the June 2, 2021 organizational meeting were approved as revised.

SIXTH ORDER OF BUSINESS	Consideration of Responses to Request for
Qualifications for Engineering Services
Mr. Laughlin informed the Board one response was received from England Thims &
Miller.

On MOTION by Mr. Cowling seconded by Mr. Brown with all in favor deeming England Thims & Miller as qualified and authorizing staff to negotiate with England Thims & Miller to complete an agreement was approved.

SEVENTH ORDER OF BUSINESS	Consideration of Funding Request No. 2
Mr. Laughlin noted the funding request totals $5,508.

On MOTION by Mr. Cowling seconded by Ms. Conway with all in favor funding request number two was approved.

EIGHTH ORDER OF BUSINESS
District Counsel

Staff Reports

There being nothing to report, the next item followed.
Interim Engineer
There being nothing to report, the next item followed.

District Manager
There being nothing to repot1, the next item followed.

NINTH ORDER OF BUSINESS	Supervisor's	Requests	and	Audience
Comments
There being none, the next item followed.

TENTH ORDER OF BUSINESS

ELEVENTH ORDER OF BUSINESS

Next Scheduled Meeting - August 11, 2021 at 10:00 a.m. at the offices of Governmental Management Services, LLC, 475 West Town Place, Suite 114, St. Augustine, Florida 32092

Adjournment

On MOTION by Mr. Brown seconded by Mr. Cowling with all in favor the meeting was adjourned.