MINUTES OF MEETING HICKS DITCH
COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the Hicks Ditch Community Development District was held Wednesday, March 26, 2025, at 9:30 a.m. at the Cooper Memorial Library, 2525 Oakley Seaver Drive, Clermont, Florida.

Present and constituting a quorum:
Tony Iorio	Chairman
Doug Beasley	Vice Chairman
Jonas Lonas by phone	Assistant Secretary
Rocky Owen	Assistant Secretary
Shane Blanton	Assistant Secretary Also present were:
George Flint	District Manager, GMS
Sarah Sandy	District Counsel, Kutak Rock
Major Stacy	District Engineer
Sete Zare by phone	MBS
Rob Szozda	Field Manager

FIRST ORDER OF BUSINESS	Roll Call
Mr. Flint called the meeting to order and called the roll. Four Board members were present, constituting a quorum.

SECOND ORDER OF BUSINESS	Public Comment Period
Mr. Flint stated only Board members and staff were present at the meeting.

THIRD ORDER OF BUSINESS	Approval of Minutes of the November 19,
2024 Board of Supervisors Meeting
Mr. Flint presented the November 19, 2024 Board of Supervisors meeting minutes and asked if the Board had any comments, corrections, or changes. The Board had no changes to the minutes.

On MOTION by Mr. Owen, seconded by Mr. Beasley, with all in favor, the Minutes of the November 19, 2024 Board of Supervisors Meeting, were approved.

FOURTH ORDER OF BUSINESS	Consideration of Resolution 2025-04 Bond
Ratification Resolution
Ms. Sandy stated this ratifies the actions taken by Board and staff that issued the bonds. She added this recognizes the fact that number of documents that are executed by the District in conjunction with the bond closing and approved the cost of issuance.

On MOTION by Mr. Iorio, seconded by Mr. Owen, with all in favor, Resolution 2025-04 Bond Ratification Resolution, was approved.

FIFTH ORDER OF BUSINESS	Consideration  of  Disclosure  of  Public
Financing
Mr. Flint noted the statutes require certain steps be taken to disclose the CDD and any bonds that are issued by the CDD. He noted this document will be recorded so when anyone buys a home in Hicks Ditch, the title will show up.

On MOTION by Mr. Beasley, seconded by Mr. Owen, with all in favor, the Disclosure of Public Financing, was approved.

SIXTH ORDER OF BUSINESS	Consideration	of	Resolution	2025-05
Authorizing Final Requisition
Ms. Sandy stated the value of the components that were required greatly exceeded the bond proceeds they had. She added once they hit certain release conditions, there are amounts in the reserve account that will be put into the construction account. She noted this provides a requisition of when those proceeds will be released in the future.

On MOTION by Mr. Beasley, seconded by Mr. Owen, with all in favor, Resolution 2025-05 Authorizing Final Requisition, was approved.

SEVENTH ORDER OF BUSINESS	Staff Reports
Attorney
Stormwater Ratification Bill and O&M Requirements Memo
Ms. Sandy presented the memo on page 32 of the agenda package for the Stormwater Ratification Bill O&M requirements. She stated this does not affect permits that are already in place but will in the future. She noted there might be additional costs for stormwater in the future.

Engineer
Mr. Stacy had nothing further to report.

Field Manager
Mr. Szozda stated Phase 1B is under construction and they are hoping for a late 3rd quarter completion.

District Manager
Balance Sheet and Income Statement
Mr. Flint presented the unaudited financials through January 31, 2025.

Ratification of Funding Request No. 30-33
Mr. Flint presented Funding Request No. 30-33. He offered to answer any questions.

On MOTION by Mr. Iorio, seconded by Mr. Beasley, with all in favor, Funding Requests No. 30-33, were ratified.

Approval of Capital Projects Funding Request No. 1
Mr. Flint stated this funding request is for Kutak Rock and the costs are related to the bond issue that are being paid under the developer funding agreement.

On MOTION by Mr. Iorio, seconded by Mr. Blanton, with all in favor, the Capital Projects Funding Request No. 1, was approved.

EIGHTH ORDER OF BUSINESS	Other Business
There being no comments, the next item followed.

NINTH ORDER OF BUSINESS	Supervisors	Requests	and	Audience
Comments
There being no comments, the next item followed.

TENTH ORDER OF BUSINESS	Adjournment
Mr. Flint asked for a motion of adjournment.

On MOTION by Mr. Beasley, seconded by Mr. Blanton, with all in favor, the meeting was adjourned.

Secretary/Assistant Secretary	Chairman/Vice Chairman