19-01019M

NOTICE OF PUBLIC HEARING TO CONSIDER IMPOSITION OF SPECIAL ASSESSMENTS PURSUANT TO SECTION 13 OF CHAPTER 2005-338, LAWS OF FLORIDA, BY THE
LAKEWOOD RANCH STEWARDSHIP DISTRICT

NOTICE OF PUBLIC HEARING TO CONSIDER ADOPTION OF ASSESSMENT ROLL PURSUANT TO SECTION 13 OF
CHAPTER 2005-338, LAWS OF FLORIDA, BY THE
LAKEWOOD RANCH STEWARDSHIP DISTRICT

NOTICE OF PUBLIC MEETING

The Lakewood Ranch Stewardship District's (the “District”) Board of Supervisors (the “Board”) will hold a public hearing at 9:00 a.m., on August 14, 2019, at the offices of Schroeder-Manatee Ranch, Inc., 14400 Covenant Way, Lakewood Ranch, Florida, to consider the adoption of an assessment roll, the imposition of special assessments on certain benefited lands within the District known as the “Indigo Project” (the “Project Area”), and to provide for the levy, collection and enforcement of assessments securing bonds and/or notes issued to finance a portion of the cost of the acquisition and/or construction of the Indigo Project (hereinafter defined). The public hearing is being conducted pursuant to Chapters 170 and 197, Florida Statutes, and Chapter 2005-338, Laws of Florida.
The Project Area, geographically depicted below, is generally bounded by White Eagle Boulevard on its west side and 44th Avenue East on its south side. The streets and areas to be improved are more specifically depicted in the Engineer's Report (hereinafter defined) and in the map below. The Indigo Project contemplates that construction and/or acquisition of drainage and stormwater management systems, and water and wastewater distribution systems, and other improvements, all as more fully described in the preliminary Amended and Restated Master Engineer's Report for the Indigo Project (the “Engineer's Report”) dated July 12, 2019 (collectively, the “Indigo Project”).
The District intends to impose assessments on benefited lands within the Project Area in the manner set forth in its preliminary Amended and Restated Master Assessment Methodology Report of the Lakewood Ranch Stewardship District NW Sector Expansion Area (Indigo Project), dated July 12, 2019 (the “Assessment Report”), which is on file with the District and available during normal business hours at the address provided below.
The District expects to collect sufficient revenues to retire no more than $5,850,000 in principal amount of debt to be incurred by the District, exclusive of fees and costs of collection or enforcement, discounts for early payment and interest. The annual assessment levied against each parcel will be based on repayment over thirty (30) years of the total debt allocated to each parcel. A description of the property to be assessed and the amount to be assessed to each piece or parcel of property may be ascertained at the office of the District Manager located at 12051 Corporate Blvd., Orlando, Florida 32817 and at the local records office located at 14400 Covenant Way, Lakewood Ranch, Florida 34202.
The proposed schedule of maximum principal debt to be allocated to the properties within the Project Area is as follows:
Lot Area Lot Count % Lots Par Debt
Lots 208 100% $5,850,000

Par Debt/Unit Annual
Assessment Administrative
Charges Total Annual
Assessment
Lots $28,125 $2,043 $154 $2,197

*Includes 7% gross up for 4% early payment discount and Manatee County Property Appraiser and Tax Collector fees.

The assessments will be collected on the Manatee County tax roll by the Tax Collector. Alternatively, the District may choose to directly collect and enforce the assessments. All affected property owners have the right to appear at the public hearing and the right to file written objections with the District within twenty (20) days of the publication of this notice.
Also at 9:00 a.m. on August 14, 2019, at the office of Schroeder-Manatee Ranch, Inc., 14400 Covenant Way, Lakewood Ranch, Florida, the Board will hold a public meeting to consider any other business that may lawfully be considered by the District. This Board meeting is open to the public and will be conducted in accordance with the provisions of Florida law for independent special districts. This Board meeting and/or the public hearing may be continued in progress to a date and time certain announced at the meeting.
If anyone chooses to appeal any decision of the Board with respect to any matter considered at the hearing, such person will need a record of the proceedings and should accordingly ensure that a verbatim record of the proceedings is made, which includes the testimony and evidence upon which such appeal is to be based.
Any person requiring special accommodations at this meeting because of a disability or physical impairment should contact the District Office at (407) 382-3256 at least forty-eight (48) hours prior to the meeting. If you are hearing or speech impaired, please contact the Florida Relay Service at 1-800-955-8770 for aid in contacting the District office.

LAKEWOOD RANCH STEWARDSHIP DISTRICT
RESOLUTION 2019-33

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE LAKEWOOD RANCH STEWARDSHIP DISTRICT DECLARING SPECIAL ASSESSMENTS; INDICATING THE LOCATION, NATURE AND ESTIMATED COST OF THOSE INFRASTRUCTURE IMPROVEMENTS WHOSE COST IS TO BE DEFRAYED BY THE SPECIAL ASSESSMENTS; AMENDING AND RESTATING THE FORM OF MASTER ENGINEER'S REPORT ADOPTED BY THE PRIOR RESOLUTIONS; PROVIDING THE PORTION OF THE ESTIMATED COST OF THE IMPROVEMENTS TO BE DEFRAYED BY THE SPECIAL ASSESSMENT; PROVIDING THE MANNER IN WHICH SUCH SPECIAL ASSESSMENTS SHALL BE MADE; AMENDING AND RESTATING THE MASTER ASSESSMENT REPORT ADOPTED BY THE PRIOR RESOLUTIONS; PROVIDING WHEN SUCH SPECIAL ASSESSMENTS SHALL BE MADE; DESIGNATING LANDS UPON WHICH THE SPECIAL ASSESSMENTS SHALL BE LEVIED; PROVIDING FOR AN ASSESSMENT PLAT; ADOPTING A PRELIMINARY ASSESSMENT ROLL; AND PROVIDING FOR PUBLICATION OF THIS RESOLUTION.

WHEREAS, the Lakewood Ranch Improvement District (the “District”) is a local unit of special-purpose government located in Sarasota and Manatee Counties, and established pursuant to Chapter 2005-338, Laws of Florida, as amended (the “Act”) for the purposes of constructing, installing, acquiring, operating and/or maintaining public infrastructure improvements; and
WHEREAS, the Board of Supervisors (the “Board”) of the District, through the adoption of Resolutions 2018-12, 2018-13, and 2018-17 (hereinafter, the “Prior Resolutions”) at its May 4, 2018 and June 8, 2018 meetings, previously determined to undertake the construction and/or acquisition of certain infrastructure improvements within the portion of the District known as the “Indigo Project;” and
WHEREAS, subsequent to its adoption of the Prior Resolutions, the scope of the Indigo Project changed such that the acreage and unit counts within such project increased due to a boundary amendment approved in 2019 (hereinafter, the “2019 Expansion Parcel”); and
WHEREAS, the Board now desires to commence the assessment process relative to the 2019 Expansion Parcel within the Indigo Project, and to amend the Master Engineer's Report and Master Assessment Report (each as hereinafter defined) to reflect such updated acreage and unit counts for the project; and
WHEREAS, notwithstanding the amendment of the Master Engineer's Report and Master Assessment Report, the Prior Resolutions and the assessment liens associated therewith remain in full force and effect after the adoption of this Resolution; and
WHEREAS, the Board hereby determines to undertake, install, plan, establish, construct or reconstruct, enlarge or extend, equip, acquire, operate, and/or maintain the infrastructure improvements (“Improvements”) within the Indigo Project as more particularly described in that certain preliminary Amended and Restated Master Engineer's Report for Indigo Project dated July 12, 2019, attached hereto as Exhibit A and incorporated herein by reference; and
WHEREAS, it is in the best interest of the District to pay the cost of the Improvements by special assessments levied on benefitted lands within the Indigo Project pursuant to Section 13 of the Act (hereinafter, the “Assessments”); and
WHEREAS, the District is empowered by the Act, and Chapters 170 and 197, Florida Statutes, to finance, fund, plan, establish, acquire, construct or reconstruct, enlarge or extend, equip, operate and maintain the Improvements and to impose, levy and collect the Assessments; and
WHEREAS, the District hereby determines that benefits will accrue to the property improved, the amount of those benefits, and that special assessments will be made in proportion to the benefits received for lands within the Indigo Project of the District as set forth in that certain Amended and Restated Master Assessment Methodology Report of the Lakewood Ranch Stewardship District NW Sector Expansion Area (Indigo Project), dated July 12, 2019 (the “Master Assessment Report”) attached hereto as Exhibit B and incorporated herein by reference and on file at 14400 Covenant Way, Lakewood Ranch, Florida 34202 (the “District Records Office”); and
WHEREAS, the District hereby determines that the Assessments to be levied will not exceed the benefits to the property improved; and
WHEREAS, this Resolution shall serve as the “resolution required to declare special assessments” contemplated by Section 170.03, Florida Statutes, for the assessment lien(s) levied against the property as described in Exhibits A and B that secure the Assessments.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE LAKEWOOD RANCH STEWARDSHIP DISTRICT:
1. The Assessments shall be levied to defray the cost of the Improvements.
2. The nature and general location of, and plans and specifications for, the Improvements are described in Exhibit A, and are on file at the District Records Office. The Master Engineer's Report attached hereto as Exhibit A shall have the effect of amending and restating the master engineer's report adopted in the Prior Resolutions.
3. The total estimated cost of the Improvements is $4,806,747 (the “Estimated Cost”).
4. The Assessments will defray approximately $5,850,000, which includes the Estimated Cost, plus financing-related costs, capitalized interest, and debt service reserve.
5. The manner in which the Assessments shall be apportioned and paid is set forth in Exhibit B and are on file at the District Records Office. The Master Assessment Report attached hereto as Exhibit B shall have the effect of amending and restating the master assessment report adopted in the Prior Resolutions.
6. The Assessments shall be levied, within the Indigo Project of the District, on all lots and lands adjoining and contiguous or bounding and abutting upon such improvements or specially benefitted thereby and further designated by the assessment plat hereinafter provided for.
7. There is on file, at the District Records Office, an assessment plat showing the area to be assessed, with certain plans and specifications describing the Improvements and the Estimated Cost of the Improvements, all of which shall be open to inspection by the public.
8. Commencing with the year in which the Assessments are confirmed, the Assessments shall be paid in not more than (30) thirty annual installments. The Assessments may be payable at the same time and in the same manner as are ad-valorem taxes and collected pursuant to the Act and Chapter 197, Florida Statutes; provided, however, that in the event the uniform non ad-valorem assessment method of collecting the Assessments is not available to the District in any year, or if determined by the District to be in its best interest, the Assessments may be collected as is otherwise permitted by law.
9. The District Manager has caused to be made a preliminary assessment roll, in accordance with the method of assessment described in Exhibit B hereto, which shows the lots and lands assessed, the amount of benefit to and the assessment against each lot or parcel of land and the number of annual installments into which the assessment may be divided, which is hereby adopted and approved as the District's preliminary assessment roll.
10. The Board shall adopt a subsequent resolution to fix a time and place at which the owners of property to be assessed or any other persons interested therein may appear before the Board and be heard as to the propriety and advisability of the Assessments or the making of the Improvements, the cost thereof, the manner of payment therefor, or the amount thereof to be assessed against each property as improved.
11. The District Manager is hereby directed to cause this Resolution to be published twice (once a week for two (2) weeks) in a newspaper of general circulation within Manatee and Sarasota Counties and to provide such other notice as may be required by law or desired in the best interests of the District.
12. This Resolution shall become effective upon its passage.

PASSED AND ADOPTED this 12th day of July, 2019.
ATTEST: BOARD OF SUPERVISORS OF THE
LAKEWOOD RANCH STEWARDSHIP DISTRICT

__/s/Hank Fishkind_______ ____/s/Rex Jensen__________________
Secretary Rex Jensen, Chairman
Exhibit A: Amended and Restated Master Engineer's Report for Indigo Project, dated July 12, 2019
Exhibit B: Amended and Restated Master Assessment Methodology Report of the Lakewood Ranch Stewardship District NW Sector Expansion Area (Indigo Project), dated July 12, 2019
July 19, 26, 2019 19-01019M

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