MINUTES OF MEETING ROLLING OAKS
COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the Rolling Oaks Community Development District was held Thursday, August 25, 2022 at 1:00 p.m. at the Margaritaville Resort Orlando, 8000 Fins Up Circle, Kissimmee, Florida.

Present and constituting a quorum were:

John Chiste
Cora Difiore by telephone
Peter Brown Steven Dougherty

Also present were: George Flint
Vivek Babbar by telephone

FIRST ORDER OF BUSINESS

Chairman Assistant Secretary Assistant Secretary Assistant Secretary

District Manager District Counsel

Roll Call

Mr. Flint called the meeting to order and called the roll.

SECOND ORDER OF BUSINESS	Public Comment Period
There being none, the next item followed.

THIRD ORDER OF BUSINESS	Approval of the Minutes of the July 28, 2022
Meeting

On MOTION by Mr. Chiste seconded by Mr. Brown with all in favor the minutes of the July 28, 2022 meeting were approved as presented.

FOURTH ORDER OF BUSINESS	Public Hearing

On MOTION by Mr. Chiste seconded by Mr. Dougherty with all in favor the public hearing was opened.

Consideration of Resolution 2022-07 Adopting the Fiscal Year 2023 Budget and Relating to the Annual Appropriations
Mr. Flint stated there are no members of the public present to provide comment or testimony so we will bring it back to the Board. The Board previously approved a proposed budget and set today for the public hearing for its final consideration. Attached to the resolution is the proposed budget that includes assessments and a small developer contribution of $45,000. We are assessing all 663 single-family, 240 ERUs for the condo units and 176 BRUS for the apartments. We kept the per unit amounts the same as they have been in the past, there may need to be some adjustment in the next fiscal year. We still have a small developer contribution to balance the budget. As we refine the operating expenses, we may need to adjust the per unit amounts.

On MOTION by Mr. Dougherty seconded by Mr. Brown with all in favor Resolution 2022-07 Adopting the Fiscal Year 2023 Budget and Relating to the Annual Appropriations was approved.

Consideration of Resolution 2022-08 Imposing Special Assessments and Certifying an Assessment Roll
Mr. Flint stated Resolution 2022-08 is the assessment resolution and the budget you just approved will be attached as exhibit A and the assessment roll will be attached as exhibit B.

On MOTION by Mr. Chiste seconded by Mr. Dougherty with all in favor Resolution 2022-08 Imposing Special Assessments and Certifying an Assessment Roll was approved.

On MOTION by Mr. Chiste seconded by Mr. Brown with all in favor the public hearing was closed.

FIFIB ORDER OF BUSINESS	Consideration of Fiscal Year 2023 Budget
Funding Agreement
Mr. Flint stated item five is the funding agreement for Fiscal Year 2023 for the shortfall contemplated in the budget.

On MOTION by Mr. Chiste seconded by Mr. Brown with all in favor the Fiscal Year 2023 developer funding agreement with Rolling Oaks Splendid, LLC was approved.

SIXTH ORDER OF BUSINESS	Staff Reports
Attorney
There being none, the next item followed.

Engineer
There being none, the next item followed.

Manager
Approval of Ch_eck Register

On MOTION by Mr. Chiste seconded by Mr. Dougherty with all in favor the check register was approved.

Balance Sheet and Income Statement
A copy of the balance sheet and income statement were included in the agenda package.

Approval of Fiscal Year 2023 Meeting Schedule

On MOTION by Mr. Chiste seconded by Mr. Dougherty with all in favor the Fiscal Year 2023 meeting schedule reflecting meetings on the fourth Thursday of the month was approved.

SEVENIB ORDER OF BUSINESS	Supervisor's Requests
There being none, the next item followed.

EIGHTH ORDER OF BUSINESS	Next Meeting Date - September 22, 202
Mr. Flint stated the next meeting is scheduled for September 22, 2022.

NINTH ORDER OF BUSINESS	Adjournment

On MOTION by Mr. Chiste seconded by Mr. Dougherty with a11 in favor the meeting adjourned at 1:07 p.m.

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