MINUTES OF lvffiETING CANDLER HILtS EAST
COMMUNITY DEVELOPlvffiNT DISTRICT

The Regular Meeting of the Board of Supervisors of the Candler Hills East Community Development District was held on Tuesday, February 18, 2020 at 9:00 a.m. at Circle Square Commons, Cultural Center, 8395 SW 80th Street, Ocala, Florida.

Present and constituting a quorum were:

Philip J. Moherek Elmer Greene Robert Scherff John Bain
Larry Garvin

Also present were:

George Flint Rachel Wagoner Gerald Colen Lynette Vermillion Robert Stepp
Patty Soriano Travis Smith

FIRST ORDER OF BUSINESS

Chairman
Vice Chairman Assistant Secretary Assistant Secretary Assistant Secretary

District Manager District Counsel District Counsel
On Top Of The World Communities On Top Of The World Communities On Top Of The World Communities On Top Of The World Communities

Roll Call

Mr. Flint called the meeting to order and called the roll. A quorum was present.

SECOND ORDER OF BUSINESS	Public Comment Period
Mr. Flint: This is an opportunity for any members of the public to provide comment to the Candler Hills East CDD board about anything on the agenda or not on the agenda. Is there anything for Candler Hills East? Hearing none, we will move on to the next item.

TIDRD ORDER OF BUSINESS	Notice for Meeting
Mr. Flint: You do have the legal notice in your agenda packet showing that there is a meeting advertised for today in this location at 9:00 a.m.

FOURTH ORDER OF BUSINESS	Approval of Minutes of the November 19,
2019 Board of Supervisors Meeting
Mr. Flint: Did the Board have any comments or corrections to the minutes? Hearing none, I would ask for a motion to approve.

On MOTION by Mr. Scherff, seconded by Mr. Greene, with all in favor, the Minutes of the November 19, 2019 Board of Supervisors Meeting, were approved as presented.

FIFTH ORDER OF BUSINESS	Ratification	of	Temporary	Access
Easement Agreement
Mr. Flint: The next item is a Temporary Access Easement Agreement that we are asking the Board to ratify. This was a situation where a gentleman had to have a tree removed on his property behind his home and he had limited ability for his contractor to get back there to be able to grind the stump. So, he asked to have the ability to cross a CDD dry retention area. We looked at it, evaluated it, and ended up asking the homeowner to enter into this agreement which would have required him to restore, to the extent there would have been damage, the area. There wasn't really any costs associated with this agreement, it's a standard agreement that has been used in the past. We did inspect the area and there was no damage that we saw. We are just asking the Board to ratify this, we didn't want to have to wait until this Board meeting to approve it.

On MOTION by Mr. Moherek, seconded by Mr. Bain, with all in favor, the Temporary Access Easement Agreement, was ratified.

SIXTH ORDER OF BUSINESS
Attorney

Staff Reports

Mr. Colen: I don't have anything further to report. Mr. Flint: Okay, that's always typically good.

District Manager's Report
Approval of Check Register
Mr. Flint: You have approval of the check register from November 11, 2019 through February 10, 2020. It totals $111,668.17. The majority of those expenses are transfers of debt service assessment revenue from the General Fund to the Trustee, anywhere it says Candler Hills

East care of US Banlc. We have to write a check to move the money, and it shows up in the register as a General Fund expense. Are there any questions?
Mr. Moherek: Were there two payments made in December is that typical?
Mr. Flint: Yes, the distributions come in somewhat sporadically from the Tax Collector. We attempt to transfer that money within seven days of receipt. So, we are processing those checks as we receive them. Any other questions on the check register? If not. is there a motion to approve it?

On MOTION by Mr. Greene, seconded by Mr. Scherff, with all in favor, the Check Register totaling $111,668.17, was approved.

Balance Sheet and Income Statement
Mr. Flint: Next is the unaudited financials through January 3 pt_ There is no action required by the Board on these, but if you have any questions we can discuss them. We've collected through the end of January $50,553 of the $55,000 that was certified for collection on the tax bill, which is very good. As you know you have until the end of March to pay your tax bill, so it looks like a lot of people are taking advantage of the discount for early payment. The expenses for Administrative are slightly under the prorated $22,900 against the prorated budget of $24,770. Any questions on the financials?

Presentation of Arbitrage Rebate Calculation Report
Mr. Flint: The District is required to have an Arbitrage Rebate Calculation done to insure we are not earning more interest than we are paying on the debt service. You have hired Grau and Associates to preform that calculation. And as you can see from their letter, there's a negative rebate requirement of $13,071. As long as that number is negative that's good. That means we don't have any arbitrage issues. Is there a motion to accept that report?

On MOTION by Mr. Moherek, seconded by Mr. Scherff, with all in favor, the Arbitrage Rebate Calculation Report, was approved.

SEVENTH ORDER OF BUSINESS	Other Business

Mr. Flint: Was there any other business or Supervisors' Request, items the Board would like to discuss that were not on the agenda?
Mr. Scherff: In the financial report from Berger Toombs on page 26, it says the District does not have a formal investment policy. Should we have a formal investment policy?
Mr. Flint: That's standard language. Per Florida statute, we do have an investment policy and it's basically laid out in the statue as far as the types of investments. We have not developed our own separate investment policy, we default to the investment policy that's in the statues. There's a list of four or five different types of investments that we can follow. That's standard language that's in just about every audit, because CDDs typically don't develop their own investment policy, they default to the statutory investment policy.
Mr. Schreff: Okay, good.
Mr. Flint: Mr. Garvin?
Mr. Garvin: Yes, in the management letter they didn't point anything out, that there were any deficiencies.
Mr. Flint: Yes. This audit was actually on the last agenda and accepted by the Board. We just provided you the hard copy of the final. But as Mr. Garvin indicated, there were no findings or recommendations in the prior year, or current year. It is a clean audit. We were just providing you the fmal bound version. You've already accepted this audit on the last agenda.
EIGHTH ORDER OF BUSINESS	Supervisor's Requests
Mr. Flint: Anything else from the Board? Hearing none,

NINTH ORDER OF BUSINESS
The meeting was adjourned.

Adjournment

On MOTION by Mr. Moherek, seconded by Mr. Bain, with all in favor, the meeting adiourned.

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Secretary/Assistant Secretary	Chairman/Vice Chairman