MINUTES OF MEETING DOWDEN WEST COMMUNITY DEVELOPMENT DISTRICT The regular meeting of the Board of Supervisors of the Dowden West Community Development District was held Thursday, January 18, 2024 at 9:00 a.m. in the offices of GMSCF, LLC, 219 E. Livingston Street, Orlando, Florida. Present and constituting a quorum were: Chuck Bell Chairman Gabe Madlang Vic~ Chairperson Tom Franklin Assistant Secretary Dane Hamilton Assistant Secretary Also present were: Jason Showe District Manager Jay Lazarovich District Counsel Rey Malave District Engineer by telephone Alan Scheerer Field Manager Sete Zare MBS Capital Markets rmsr ORDER OF BUSINESS Roll Call Mr. Showe called the meeting to order and called the roll. SECOND ORDER OF BUSINESS Public Comment Period There being no comments, the next item followed. THIRD ORDER OF BUSINESS Approval of the Minutes of the October 19, 2023 Meeting On MOTION by Mr. Franklin seconded by Mr. Bell with all in favor the minutes of the October 19, 2023 meeting were approved as presented. FOURTH ORDER OF BUSINESS Financing Matters Mr. Showe: We still have some issues with the Engineer's Report and methodology and would like to continue this meeting until next week. January 18,2024 Dowden West CDD A. Consideration of Engineer's Report B. Consideration of Master Assessment Methodology Report for Assessment Area Two C. Consideration of Resolution 2024-04 Declaring Special Assessments D. Consideration of Resolution 2024-05 Setting a Public Hearing for Special Assessments Items A, B, C and D were continued. E. Consideration of Acquisition Agreement with Beachline South Residential, LLC Mr. Lazarovich: The acquisition agreement is the basic contract between the developer and the cnD and sets forth the District's intent of issuing bonds for assessment area two, for villages N4, N5 and a portion of NlC. It also sets forth the procedure in turning over completed infrastructure to the CDD in..accordance with the Engineer's Report that is being revised and this will be approved in substantially final form subject to staff signoff on the Engineer's Report. On MOTION by Mr. Franklin seconded by Mr. Bell with all in favor the acquisition agreement with Beachline South Residential LLC was approved in substantially final form subject to staff sign off on the Engineer's Report. F. Consideration of Bond Issue Funding Agreement with Beachline South Residential, LLC Mr. Lazarovich: The Bond Issue Funding Agreement is another contract between the developer and the CDD indicating that the District will incur costs for the bond issuance and if for any reason the bonds do not close the developer will take on those costs, so it doesn't fall on the residents. On MOTION by Mr. Franklin seconded by Mr. Bell with all in favor the bond issue funding agreement with Beachline South Residential, LLC was approved. G. Consideration of Supplement to Investment Banking Agreement with MBS Capital Markets, LLC Mr. Showe: The investment banking agreement with MBS Capital Markets is for them to do the background work on this bond issue. Their last agreement only covered Assessment Area One. 2 January 18,2024 Dowden West CDD On MOTION by Mr. Franklin seconded by Mr. Bell with all in favor the supplement to the investment banking agreement with MBS Capital Markets, LLC was approved. FIFTH ORDER OF BUSINESS Consideration of Resolution 2024-06 Declaring the Series 2018 Project Complete Mr. Showe: This resolution certifies that all the infrastructure for the series 2018 project is complete. On MOTION by Mr. Franklin seconded by Mr. Bell with all in favor Resolution 2024-06 Declaring the Series 2018 Project Complete was approved. SIXTH ORDER OF BUSINESS Ratification Items A. Non-Ad Valorem Assessment Administration Agreement with the Orange County Property Appraiser B. Agreement with Clark Environmental Mosquito Management, Inc. for Midge Control Services On MOTION by Mr. Franklin seconded by Mr. Bell with all in favor the assessment administration agreement with the Orange County Property appraiser and the agreement with Clark Environmental Mosquito Management, Inc. for midge control were ratified. SEVENTH ORDER OF BUSINESS Discussion of Temporary Access Easement Agreement with 9544 Launch Point Mr. Showe: We received a request from a resident for temporary access to 9544 Launch Point to construct a pool. Alan has indicated there is a road behind there they can use for access. Mr. Bell: The District owns a tract behind there that there are some Orange County utilities in. Mr. Showe: They have received HOA approval for the pool and screening. On MOTION by Mr. Bell seconded by Mr. Franklin with all in favor the temporary access agreement for 9544 Launch Point was approved. EIGHTH ORDER OF BUSINESS Consideration of Resolution 2024-07 Designating an Assistant Secretary and an Assistant Treasurer 3 January 18, 2024 Dowden West CDD Mr. Showe: We had some staff changes in our accounting office and Resolution 2024-07 has Rich Hans as an Assistant Secretary, Darrin Mossing, Sr. as an Assistant Treasurer and Patti Powers as an Assistant Treasurer for the purposes of signing documents. On MOTION by Mr. Bell seconded by Mr. Franklin with all in favor Resolution 2024-07 Designating an Assistant Secretary and an Assistant Treasurer was approved. NINTH ORDER OF BUSINESS Staff Reports A. Attorney Mr. Lazarovich: We are still working through an easement agreement with the Orange County public schools. We have been in touch with their Counsel and will send a follow-up this week. We had a couple comments and are waiting for a revised agreement. B. Engineer Mr. Malave: We are working on the revised Engineer's Report. C. Manager i. Approval of Check Register Mr. Showe presented the November and December 2023 check registers in the amount of $68,734.77. On MOTION by Mr. Bell seconded by Mr. Franklin with all in favor the check register was approved. ii. Balance Sheet and Income Statement A copy of the balance sheet and income statement were included in the agenda package. D. Field Manager Mr. Scheerer: The Podocarpus were reinstalled in the alleyway we talked about at the last meeting. We are talking to a resident who lives off of Waterfield around the 7948 on the Phase 2 pond. You did a great job in installing some landscape buffers between some ofthe homes on that pond and he wants us to remove the pink muhly grass behind his house because it impedes his view of the lake and possible snake hiding. As we do every year, we cut back all the grasses and haystack them, let them grow back and according to Lathan it looks like there may be some damage to a few ofthose grasses already. We are not sure if someone is intentionally trying to spray them 4 January 18,2024 Dowden West CDn out but we will keep an eye on them and keep an eye on the homeowner. We told him they are part of the landscape package; he bought the house with the buffer areas and everything in existence and there is no plan at this time to remove it. We will keep you posted on any future outcome when it comes to this particular location. It is the only one and the grasses look great. TENTH ORDER OF BUSINESS Supervisor's Requests There being no comments, the next item followed. ELEVENTH ORDER OF BUSINESS Other Business There being no comments, the next item followed. TWELFTH ORDER OF BUSINESS Next Meeting Date Mr. Showe: The next regular meeting is February 15th but we would like to continue this meeting to January 25, 2024 at 10:30 a.m. in the same location. THIRTEENTH ORDER OF BUSINESS Continuation of Meeting On MOTION by Mr. Franklin seconded by Mr. Bell with all in favor the meeting was continued to January 25, 2024 at 10:30 a.m. in the same location. 'f ssistant Secretary 5