MINUTES OF MEETING BONNET CREEK RESORT
COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the Bonnet Creek Resort Community Development District was held Thursday, October 6, 2022 at 1 :30 p.m. at the Signia by Hilton, Bonnet Creek, 14100 Bonnet Creek Lane, Orlando, Florida.

Present and constituting a quorum were:

Randall Greene Fred Sawyers Herb Von Kluge

Chairman Secretary Assistant Secretary

Also present were:

George Flint Jay Lazarovich Jim Nugent Clayton Smith

District Manager District Counsel District Engineer Field Manager

The following is a summary of the discussions and actions taken at the October 6, 2022 meeting. An audio copy of the proceedings can be obtained by contacting the District Manager.

FIRST ORDER OF BUSINESS	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.

TIDRD ORDER OF BUSINESS	Approval of the Minutes of the September 1,
2022 Meeting

On MOTION by Mr. Sawyers seconded by Mr. Greene with al1 in favor the minutes of the September 1, 2022 meeting were approved as presented.

FOURTH ORDER OF BUSINESS	Consideration   of   Resolution   2023-01
Amending the Fiscal Year 2022 Budget
Mr. Flint stated Resolution 2023-01 amends the Fiscal Year 2022 budget. The statutes require that if your total expenses exceed your total budget you have to amend the budget within 60-days of the end of the fiscal year. In the budget process for Fiscal Year 2023 which just started on October 1st we plan to move everything above our operating reserve into the capital reserve. On the bottom of page 2 under transfer out capital reserve the budgeted transfer was
$237,000 and we increased that by about $300,000 and we are transferring out about $537,000 and that caused the total actuals to exceed our total budget. At the top under revenue, we recognized $252,000 of beginning fund balance to be able to transfer that out. Normally we don't appropriate fund balance, but when we have cash that exceeds our three-month operating requirements that allows us to do this. We trued up other line items up and down.

On MOTION by Mr. Greene seconded by Mr. Sawyers with all in favor Resolution 2023-01 Amending the Fiscal Year 2022 Budget was approved.

FIFTH ORDER OF BUSINESS	Sign Construction Update
Engineer Update on Sign Construction
Status of Remedial Activities
Review of Letter to Don Bell Signs, LLC
Mr. Nugent stated I talk to the contractor periodically and at the end of September they got an email from Reedy Creek that they will continue to review the revised plans that Canin prepared, but they will not issue the permit until the Army Corps of Engineers permit is issued.

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

Engineer
Mr. Nugent stated after talking with Herb I reached out to Terracon to schedule a meeting to talk about cost estimates for repair of the control berm at Crosby Island Marsh.

Manager
Consideration of Check Register

On MOTION by Mr. Greene seconded by Mr. Sawyers 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 Moving December 1, 2022 Meeting to Wyndham
Mr. Flint stated the Board approved an annual meeting schedule at the last meeting and it alternates between Wyndham, Signia and JW Marriott. Unfortunately, there was a conflict with one of the dates for the JW Marriott and we are asking the Board to approve moving the December to the Wyndham.

On MOTION by Mr. Greene seconded by Mr. Sawyers with all in favor the December I, 2022 meeting will be held at the Wyndham.

Field Manager's Report
Mr. Smith stated before the storm we had some general maintenance items done and repaired some potholes in the road. The photocell for the lights up front did go bad, we replaced that and fixed some of the latches on some of the equipment. The damaged grasses as you come in have been run over a couple times and we are going to replace those. The big thing is the storm, we did pretty well, the only area we experienced a little flooding was across the road just past the Signia and Waldorf on the stretch to the JW Marriott and it had gone down by the next morning. The wetlands were high because of the amount of water from the storm. I don't anticipate that to be an ongoing issue.

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

EIGHTH ORDER OF BUSINESS
There being none,

Other Business

NINTH ORDER OF BUSINESS	Adjournment

On MOTION by Mr. Greene seconded by Mr. Sawyers with all in favor the meeting adjourned at I :54 p.m.

Chairman/Vice Chairman

Secreta

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