MINUTES OF MEETING 

RIVERWALK 

COMMUNITY DEVELOPMENT DISTRICT 

 

 The special meeting of the Board of Supervisors of the Riverwalk Community 
Development District was held Wednesday, May 1, 2024 at 3:30 p.m. at 219 E Livingston St, 
Orlando, Florida. 

 

 Present and constituting a quorum: 

 

 Chris Wrenn Chairman 

 Eric Baker Vice Chairman 

 Mary Burns Assistant Secretary 

 

 

 Also present were: 

 

 

George Flint District Manager, GMS 

Jarrett Wright by phone Field Manager 

Tucker Mackie by phone District Counsel 

 Ryan Dugan District Counsel 

 John Townsend District Engineer 

 

 

 

FIRST ORDER OF BUSINESS Roll Call 

 Mr. Flint called the meeting to order and called the roll. Three Board members were present 
in person constituting a quorum. 

 

SECOND ORDER OF BUSINESS Public Comment Period 

 There were no members of the public present for the meeting. 

 

THIRD ORDER OF BUSINESS Approval of Minutes of the March 20, 
2024 Board of Supervisors Meeting 

 Mr. Flint presented the minutes from the March 20, 2024 meeting and asked the Board for 
any comments, corrections, or questions. There being none, there was a motion of approval. 

 


On MOTION by Mr. Baker, seconded by Ms. Burns, with all in 
favor, the Minutes of the March 20, 2024 Board of Supervisors 
Meeting, were approved. 

 

FOURTH ORDER OF BUSINESS Financing Matters 

A. Consideration of Resolution 2024-02 Supplemental Assessment Resolution 

 Mr. Flint stated that the underwriter has priced the bonds, and they have a closing date 
scheduled for May 8th. They went through an assessment process to place a master lien. He 
explained that this resolution is approving the final form of the Supplemental Assessment 
Methodology, which reflects the actual terms of the bond issue. 

 Mr. Dugan explained that this resolution is finalizing the assessments based on what 
actually happened with the bonds. He further explained that the exhibits would lay forth the 
engineer’s reports that are used for the assessments and also the key terms for the bonds that are 
used to finalize the assessment roll. He was happy to answer any questions. 

 

On MOTION by Mr. Wrenn, seconded by Mr. Baker, with all in 
favor, Resolution 2024-02 Supplemental Assessment Resolution, 
was approved. 

 

B. Consideration of Post Issuance Compliance and Remedial Action Procedures 

 Mr. Dugan explained that the federal tax law has restrictions on how bond funds are used 
trying to address private use of bond funds. After explaining the post issuance compliance and 
remedial action procedures, Mr. Dugan stated that he would be happy to answer any questions. 

 

On MOTION by Mr. Wrenn, seconded by Mr. Baker, with all in 
favor, the Post Issuance Compliance and Remedial Action 
Procedures, was approved. 

 

C. Ratification of Acquisition of Completed Improvements 

i. Riverwalk Phase 1A Utility Improvements 

ii. Riverwalk Phase 1A Roads and Stormwater Improvements 

iii. Riverwalk Phase 1C Utility Improvements 

iv. Riverwalk Phase 1C Roads and Stormwater Improvements 

v. Econlockhatchee Trail Segment E2 Phase 1 Utility Improvements 

vi. Econlockhatchee Trail Segment E2 Phase 2A Utility Improvements 

vii. Econlockhatchee Trail Segment E2 Phase 2B Utility Improvements 


 Mr. Dugan stated the agenda package included all of the acquisition binders that have been 
put together and reviewed by District staff. He explained that this is for this District’s acquisition 
of completed improvements that were constructed by the developer pursuant to the Acquisition 
Agreement that they already have in place. The total amount from all these different acquisitions 
from the various phases is approximately $14,400,000, which doesn’t include certain retainage 
amounts that are noted in the documents. The District staff has reviewed the supporting documents 
and confirmed that they meet the terms of the Acquisition Agreement. 

 

On MOTION by Mr. Wrenn, seconded by Mr. Baker, with all in 
favor, the Acquisition of Completed Improvements, was ratified. 

 

FIFTH ORDER OF BUSINESS Consideration of Requisition #1 for Series 
2024 Project to Pulte Home Company, 
LLC 

 Mr. Dugan explained that there is a process in the indenture for requesting bonds funds 
from the trustee. He further explained that this Requisition #1 is based on the form that is filled in 
to correspond with the improvements that were just acquired. He noted that the improvements 
acquired exceed the amount of available bond funds by approximately $10,000,000. He was happy 
to answer any questions. He stated that they were asking the Board to approve Requisition #1 for 
the $4,900,000 that will be available after closing on May 8th. 

 

On MOTION by Mr. Wrenn, seconded by Mr. Baker, with all in 
favor, Requisition #1 for Series 2024 Project to Pulte Home 
Company, LLC, was approved. 

 

SIXTH ORDER OF BUSINESS Consideration of Agreement between the 
District and Disclosure Technology 
Services, LLC, for Disclosure 
Dissemination Support Services 

 Mr. Flint noted that DTS provides a software that facilitates the reporting that is required 
on the Continuing Disclosure Agreement. He explained that this software basically works in 
conjunction with the CDD as dissemination agent and facilitates the developer being able to do 
their quarterly and annual reports more easily. He added that it was something the underwriter, 


FMS, has requested that all the Districts utilized. The cost in the first year is covered in the cost of 
issuance. 

 

On MOTION by Mr. Baker, seconded by Mr. Wrenn, with all in 
favor, the Agreement between the District and Disclosure 
Technology Services, LLC, for Disclosure Dissemination Support 
Services, was approved. 

 

SEVENTH ORDER OF BUSINESS Staff Reports 

A. Attorney 


Mr. Dugan had nothing further to report. 

 

B. Engineer 


 Mr. Townsend had nothing for the Board. 

 

C. District Manager’s Report 
i. Presentation of Number of Registered Voters: 0 


 Mr. Flint stated that there was currently no registered voters in the community. 

 

EIGHTH ORDER OF BUSINESS Field Manager’s Report 

 Mr. Wright deferred the Field Manger’s report to the May 15th meeting. 

 

NINTH ORDER OF BUSINESS Other Business 

 There being no comments, the next item followed. 

 

TENTH ORDER OF BUSINESS Supervisor’s Requests 

 There being no comments, the next item followed. 

 

ELEVENTH ORDER OF BUSINESS Adjournment 

 

On MOTION by Mr. Wrenn, seconded by Mr. Baker, with all in 
favor, the meeting was adjourned. 

 

 

 


Signature - George Flint
Signature - Chris Wrenn
______________________________ ______________________________ 

Secretary/Assistant Secretary Chairman/Vice Chairman