MINUTES OF MEETING LAKE EMMA COMMUNITY DEVELOPMENT DISTRICT The regular meeting of the Board of Supervisors of the Lake Emma Community Development District was held Wednesday, March 26, 2025, at 10:00 a.m. at the Cooper Memorial Library, 2525 Oakley Seaver Drive, Clermont, Florida. Present and constituting a quorum: Anthony Iorio Chairman Doug Beasley Vice Chairman Rocky Owen Assistant Secretary Tom Franklin Assistant Secretary Also present were: George Flint District Manager, GMS Khris Brown District Engineer, Dewberry Robert Szozda Field Manager, GMS FIRST ORDER OF BUSINESS Roll Call Mr. Flint called the meeting to order. Three members of the Board were present constituting a quorum. SECOND ORDER OF BUSINESS Public Comment Period There were no members of the public present to provide comment. THIRD ORDER OF BUSINESS Organizational Matters A. Consideration of Resolution 2025-01 Certifying Results of Landowners’ Election Mr. Flint presented the resolution and offered to answer any questions. On MOTION by Mr. Beasley, seconded by Mr. Owen, with all in favor, Resolution 2025-01 Certifying Results of Landowners’ Election, was approved. B. Administration of Oaths of Office to Newly Elected Supervisors Mr. Flint noted Mr. Beasley, Mr. Iorio and Mr. Owen were sworn in prior to the meeting. C. Acceptance of Supervisor Morgan’s Resignation of Seat 4 Mr. Flint asked for an acceptance of Mr. Morgan’s resignation. On MOTION by Mr. Iorio, seconded by Mr. Owen, with all in favor, Accepting Supervisor Morgan’s Resignation of Seat 4, was approved. D. Appointment of Individual to Fulfill Vacancy in Seat 4 Mr. Flint asked if there were any nomination to fill Seat 4. Mr. Iorio nominated Tom Franklin to fill Seat 4. On MOTION by Mr. Iorio, seconded by Mr. Beasley, with all in favor, the Appointment of Mr. Franklin to Fulfill Vacancy in Seat 4, was approved. E. Administration of Oaths of Office to Newly Appointed Supervisors Mr. Flint administered the oath of office to Mr. Franklin. F. Consideration of Resolution 2025-02 Electing Officers Mr. Flint stated previously Mr. Morgan was Chair and Mr. Iorio was Vice Chair and the remaining officers were Assistant Secretaries with Jill Burns as Treasurer and Katie Costa and Darrin Mossing as Assistant Treasurers. Mr. Beasley nominated Mr. Iorio to serve as Chairman, Mr. Beasley to serve as Vice Chair, and the remaining Board members as Assistant Secretaries with staff remaining the same. On MOTION by Mr. Beasley, seconded by Mr. Kewley, with all in favor, Resolution 2025-02 Electing Officers as slated above, was approved. FOURTH ORDER OF BUSINESS Approval of Minutes of the August 28, 2024 Board of Supervisors Meeting Mr. Flint presented the minutes of the August 28, 2024 Board of Supervisor’s Meeting and asked for any questions, comments, or concerns. The Board had no changes to the minutes. On MOTION by Mr. Beasley, seconded by Mr. Iorio with all in favor, the Minutes of the August 28, 2024 Board of Supervisors Meeting, were approved. FIFTH ORDER OF BUSINESS Approval of Minutes of the November 27, 2024 Landowners’ Meeting Mr. Flint presented the minutes for the November 27, 2024 Landowners’ Meeting. He asked for any questions, comments, or concerns. On MOTION by Mr. Owen, seconded by Mr. Beasley, with all in favor, the Minutes for the November 27, 2024 Landowners’ Meeting, were approved. SIXTH ORDER OF BUSINESS Consideration of Resolution 2025-03 Authorizing the Opening of State Board of Administration Account Mr. Flint stated the SBA is a government financing pool that is operated by the governor in cabinet. He recommended opening an account with the SBA as an Interest-Bearing Account to place funds above what is needed for operations. On MOTION by Mr. Franklin, seconded by Mr. Beasley, with all in favor, Resolution 2025-03 Authorizing the Opening of State Board of Administration Account, was approved. SEVENTH ORDER OF BUSINESS Presentation of Series 2023 Arbitrage Rebate Report Mr. Flint presented the Series 2023 rebate report. He stated the IRS requires the District to demonstrate that we are not earning more interest that what we are paying. He added they used AMTEC to perform the calculation on behalf of the District. He noted the report indicated a negative rebatable arbitrage of $5,442.45. On MOTION by Mr. Beasley, seconded by Mr. Franklin, with all in favor, the Series 2023 Arbitrage Rebate Report, was approved. EIGHTH ORDER OF BUSINESS Staff Reports A. Attorney i. Stormwater Ratification Bill and O&M Requirements Memo Ms. Sandy presented the stormwater ratification bill and O&M requirements Memo. She stated she was happy to answer any questions the Board may have. Mr. Iorio asked if the implication of this will be for future phases. Ms. Sandy stated it was. B. Engineer Mr. Allen stated they will start preparing the Annual Stormwater Report for this year in the next couple of months. C. District Manager’s Report i. Check Run Summary ii. Balance Sheet and Income Statement Mr. Flint presented the check register from August 19, 2024, through March 5, 2025, totaling $975,849.90. On MOTION by Mr. Iorio, seconded by Mr. Franklin, with all in favor, the Check Register, was approved. Mr. Flint presented the unaudited financials through February 28, 2025. He asked for any questions. There was no action required. D. Field Manager’s Report Mr. Szozda stated there is a little erosion and a few bare spots on the grass, but they are adding seed whenever they can. NINTH ORDER OF BUSINESS Other Business There being no comments, the next item followed. TENTH ORDER OF BUSINESS Supervisors Requests There being no comments, the next item followed. ELEVENTH ORDER OF BUSINESS Adjournment The meeting was adjourned. On MOTION by Mr. Franklin, seconded by Mr. Iorio with all in favor, the meeting was adjourned. Secretary/Assistant Secretary Chairman/Vice Chairman