Board of Supervisors’
Special Meeting
Wednesday, August 28, 2019
1:00 PM Lakeside Room

The Board of Supervisors will hold a special meeting on Wednesday August 28th at 1:00 p.m. in the Lakeside Room. The Board plans to hold a Shade Meeting with its attorneys to discuss litigation strategy.

Manatee County Commission Rejects Settlement Offer

On August 20, 2019, the Board of County Commissioners for Manatee County considered the Garrett Settlement Agreement proposed to the County (which was materially different than the one proposed to the District). Several members of the opposition spoke against the County Attorney’s recommendation to reject the proposal. Mr. Barnebey reminded the Commission that at their public hearing on August 2, 2018 there was a vigorous discussion of the proposal to form the RD, and the Commission voted 7-0 to form the RD. Mr. Barnebey also noted that the RD has held 3 different votes with different voting criteria each time, and each time over 80% voted in favor of the current Board and the proposed bond issue to purchase the club, the recreational facilities and the property.

The Manatee County Commission voted 7-0 to reject a settlement offer from Mr. Garrett.

Special Assessment for Operations and Maintenance

The RD has collected over $803,000 from its $1,000 per home special assessment. As of August 22, 840 residents have paid their assessments. On August 19, the District sent reminder notices to those who have not paid their assessments.
If you have not made your payment, please do so. You may pay your assessment in one of two ways:

  1. A single payment of $1,000 due no later than August 30, 2019 or
  2. In three (3) equal installments of $353.333 due as follows:
    • Payment 1 Due August 30, 2019
    • Payment 2 Due October 29, 2019
    • Payment 3 Due December 28, 2019

Please include your University Park address on your check so that we can identify which parcels have paid their assessment. Please make your check payable to: University Park Recreation District.

Send your check to:
University Park Recreation District
12051 Corporate Blvd.
Orlando, FL 32817

If you have questions, please call or email:
Alan Mishlove
PFM Group Consulting LLC

Note: This is the only way you can pay the assessment. The Manatee County Clerk of the Court will not accept payment. Please make your payment.

Update on the Proposed Bond Anticipation Note (“BAN”)

The financing team has made excellent progress drafting the offering statement for the BAN. Financing documents will be presented to the District at its September 13th meeting, or perhaps earlier. If the RD decides to proceed, the marketing period for the BAN could begin. Then, if RC is successful, they would present a BAN purchase contract proposal for the Board to consider.

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Upcoming Meetings

Special Meeting        August 28           1:00 PM         Lakeside Room
Workshop                  September 6      8:00 AM         Card Room
Regular Meeting       September 13    1:00 PM         Lakeside Room
Workshop                  September 24    10:00 AM      Card Room