University Park Recreation District
3501 Quadrangle Blvd., Suite 270, Orlando, FL 32817
Phone: 407-723-5900 Fax: 407-723-5901
http://universityparkrd.com/

The regular meeting of the Board of Supervisors of the University Park Recreation District will be held on Friday, December 12, 2025, at 1:00 PM at the Business Offices located at 8301 The Park Boulevard, University Park, FL 34201 and or virtually.

Meeting ID: 845 8893 8513
Join meeting via Zoom:

Passcode: 755354

https://us02web.zoom.us/j/84588938513?pwd=eUE4Q3BTNGVLNXBsOGViRXk1cWo2QT09

BOARD OF SUPERVISORS’ MEETING AGENDA

Organizational Matters





Call to Order
Roll Call to Confirm Quorum
Public Comment Period [for any members of the public desiring proposition before the Board]

to speak on any

Administrative Matters
Consideration of Minutes of the:
November 4, 2025, Workshop Meeting
November 6, 2025, Auditor Selection Committee Meeting
November 14, 2025, Board of Supervisors’ Meeting

Staff Report Matters

2.
3.
4.

District Counsel District Manager Club Management
Management Discussion & Analysis Report Committee Reports
Finance
Strategic Planning

5.

Old Business Matters

6.
7.

Review and Acceptance of Fiscal Year 2025 District Goals & Objectives Reporting Form Review and Consideration of Professional Consulting Services RFP Template (provided under separate cover)
Consideration and Appointment of Election Chair
Discussion of Park Boulevard Management (PBM) Spending Authority

8.
9.

10. Update on Capital Improvement Plan

New Business Matters
Consideration of Arbitrage Rebate Calculation Services Proposal
Consideration of Sunshade Proposal
Discussion of Florida Ethics Commission Response

14. Consideration of Firm for Election Ballot Counting Services (provided under separate cover)

District Financial Matters
15. Ratification of Payment Authorization No. 149 – 151

Supervisor Comments & Future Agenda Items
Public Comments

Adjournment

Date

Meeting Type

Time

Location

December 17, 2025

Finance Committee Meeting

3:00PM

University Park Business Offices

January 9, 2026

Board of Supervisors’ Meeting

1:00 PM

University Park Business Offices

January 14, 2026

Strategic Planning Committee Meeting

3:00 PM

University Park Business Offices

January 16, 2026

Rescheduled Workshop Meeting

2:00PM

University Park Business Offices

January 21, 2026

Finance Committee Meeting

3:00PM

University Park Business Offices

University Park Recreation District

Consideration of Minutes of the:

November 4, 2025, Workshop Meeting
November 6, 2025, Auditor Selection Committee Meeting
November 14, 2025, Board of Supervisors’ Meeting

MINUTES OF MEETING

UNIVERSITY PARK RECREATION DISTRICT BOARD OF SUPERVISORS’ WORKSHOP MEETING
Tuesday, November 4, 2025
2:00 p.m.
Business Offices
8301 The Park Boulevard, University Park, FL 34201

Board Members present in person or via phone:

Steve Heitzner Rusty Piersons David Murphy
Scott Huebner

Vice Chairperson
2nd Vice Chairperson Treasurer
Assistant Secretary

Also, Present in person or via phone:

Vivian Carvalho Kwame Jackson John Fetsick Curtis Nickerson
Mark Barnebey

District Manager - PFM Group Consulting LLC ADM - PFM Group Consulting LLC
General Manager - Country Club

(via phone)

Director of Properties & Facilities– Country Club

District Counsel - Blalock Walters

(via phone)

Various Audience Members in-person and via Zoom

FIRST ORDER OF BUSINESS

Organizational Matters

Call to Order, Roll Call, & Pledge of Allegiance

The meeting was called to order at 2:01 p.m. Those in attendance are outlined above.

The Pledge of Allegiance was recited.

Public Comments

Mr. Dean Matt commented regarding the Country Club Management Agreement and pointed out his concerns. He also commented regarding the ethics of Ms. Dickson and Mr. Fetsick.

There were no further public comments at this time.

SECOND ORDER OF BUSINESS

Discussion Matters

Park

Boulevard

Management

(PBM) Spending Authority

Mr. Huebner gave an overview and noted everyone should be working towards the same goals and objectives. He recommended including explanation of these types of expenditures in the published annual Business Plan, in order for residents and Board members to be aware in advance.

It was noted the Board should review the yearly plan of projects and approve or deny based on the Capital Plan and budget.

There was discussion regarding the approval of projects.

Mr. Huebner gave an overview of the spending authority that Park Boulevard Management has without Board approval, and their allotted expenses. He noted the Board is responsible to the constituents.

It was noted there should be no extra spending during hurricane season.

Mr. Fetsick noted the annual projects and plans are discussed internally but have never been presented to the Board. It was noted moving forward, the Capital Expenditure Worksheet will become a part of the annual process that is presented.

There was discussion regarding past approved projects and the budget for those projects.

Mr. Fetsick noted there is a bank account for capital and gave an overview of that account. Any projects not completed in the current fiscal year are kept on the capital project list for the next fiscal year. The projects are not removed until completed.

Mr. Fetsick gave an overview of the capital needs plan process. It was noted this information can be included in the next fiscal year’s budget that is presented to the Board as well.

There was brief discussion regarding the capital project process.

Mr. Huebner noted this process can provide alternate plans to fund the projects.

The Board requested a presentation of the capital projects list and expenditure for the next meeting in order to review.

There was discussion regarding the details of the agreement and any adjustments needed.

District Counsel will follow up regarding any conflicts within the existing agreement and adding any details needed.

It was noted the Finance Committee will use the capital projects list to plan for a budget.

Mr. Huebner also requested the Spending Authority to be reviewed by District Counsel for further explanation.

Board	Meeting	and	Workshop Agenda Policy

Mr. Huebner gave an overview regarding the process of how a Board member adds an item to the agenda and noted he had received recommendations from District Counsel.

Ms. Carvalho gave an overview of the agenda process and noted most topics are deadline or process driven. Any optional topics are normally discussed at the workshop level.

Mr. Murphy requested a calendar for the required agenda topics in order to navigate requests from the Supervisors.

It was noted other topics can be brought up under Supervisor Requests.

There was discussion regarding the process of supervisor requests and placing items on the agenda.

Mr. Barnebey gave an overview of the policy, procedure, and timing related to placing topics on the agenda. This can be amended based on the Board’s decision.

There was continued discussion regarding the process.

Mr. Huebner noted he had requested discussion on alternative financing options related to the BAN for the next workshop. It was noted that it is a topic for the Finance Committee. Mr. Huebner noted he can meet with Mr. Crouch to relay the information.

Ms. Carvalho recommended reviewing the process.

Mr. Huebner gave an overview of the current policy and procedure and District Counsel’s recommendation. He also gave an overview of his personal recommendations.

There was brief discussion regarding the recommendations and agenda topics. It was recommended that any topics that do not get placed on the Board Meeting agenda should be placed on the next Workshop agenda.

There was discussion regarding the process of approval and denial for agenda topics.

Mr. Murphy noted the committees can be given Board suggestions for topics.

District Counsel will draft an amendment to the rules of procedure for agenda topics for the next Board meeting.

The Board reviewed Ms. Dickson’s recommendations.

There was brief discussion regarding workshop agenda topics. It was noted that these can be given at the end of each meeting.

Supervisor Requests and Public Comments

Mr. Nickerson commented regarding next year’s possible golf course renovations and standard maintenance. He noted these will be brought to the next meeting for the Board to review along with the Master Plan.

Mr. Huebner commented regarding items discussed within the minutes that need follow up. He gave examples of the amendment for the membership cap and adjusting the membership calendar year. It was noted that items need to be reviewed for closure.

Mr. Murphy recommended opening meetings with old business matters that are still open.

Mr. Piersons commented regarding the process of reviewing the minutes. He requested a change in the process and noted it should go to all Board members to review, and all changes can be given to District Management.

Ms. Carvalho reviewed the process of reviewing meeting minutes. She noted any changes can be sent to District Management prior to the meeting for review.

There was discussion regarding the process for approval of meeting minutes.

Mr. Jackson gave an overview of the timeline for the meeting minutes and the process of review and approval.

The Board agreed that minutes should be sent out to the entire Board for review with the agenda packet prior to the meeting. Any changes can be sent to District Management.

There was lengthy discussion regarding the breakdown of profit and loss for Trivia and Bingo.

Mr. Piersons stated there should be more details given. He recommended having the Finance Committee review this item.

Mr. Huebner recommended including overhead factors in the breakdown.

Mr. Heitzner commented regarding the dining survey results.

There was brief discussion regarding opening the dining area to the public for dinner or events for additional revenue. It was noted this could be a topic for the Finance Committee.

Mr. Murphy gave an overview of the various surveys and the current benchmarking. He also commented regarding membership fees and dues and what can be charged for these items.

Mr. Fetsick noted he will send the benchmarking presentation to the Board. It has great information for recurring revenue.

Mr. Huebner requested exploring finance options for the BAN at the next meeting. It was noted this will be a topic for the Finance Committee.

Mr. Freedman gave an overview of the next Strategic Planning Committee meeting.

The upcoming workshops and meetings were noted.

Mr. Dean Matt commented regarding censorship powers of the Chair and the $2,000.00 that was spent on District Counsel. He also commented regarding an apology from Mr. Fetsick and Ms. Dickson and the bond issuance legalities.

Mr. Murphy noted that without the appeal, the bond would have gone through 30 days after the lower court approved it. He also gave an overview of the timeline related to the appeal.

Mr. Crouch commented regarding being the Chair of the Finance Committee. He noted finance topics should come to the committee to alleviate unnecessary issues for the Board. It was also noted the goal is to serve a membership experience, not return on investment.

Mr. Fetsick congratulated Luisa on being with University Park Country Club for 20 years.

There were no further Supervisor requests or public comments.

THIRD ORDER OF BUSINESS

Adjournment

Secretary / Assistant Secretary

Chairperson / Vice Chairperson

ON MOTION by Mr. Murphy, seconded by Mr. Piersons, with all in favor, the Board adjourned the University Park Recreation District Board of Supervisors’ Workshop Meeting, at 3:51 p.m.

Date

Meeting Type

Time

Location

November 6, 2025

Strategic Planning Committee Special Meeting

10:00 AM

University Park Business Offices

November 6, 2025

Auditor Selection Committee Meeting

1:00PM

University Park Business Offices

November 12, 2025

Strategic Planning Committee Meeting

3:00 PM

University Park Business Offices

November 14, 2025

Board of Supervisors’ Meeting

1:00 PM

University Park Business Offices

November 19, 2025

Finance Committee Meeting

3:00PM

University Park Business Offices

MINUTES OF MEETING
UNIVERSITY PARK RECREATION DISTRICT AUDITOR SELECTION COMMITTEE
Thursday, November 6, 2025
1:00 p.m.
Business Offices
8301 The Park Boulevard, University Park, FL 34201

Committee Members present in person or via phone:

Dick Crouch Tony Crisafio David Murphy

Auditor Selection Committee Member Auditor Selection Committee Member Auditor Selection Committee Member

Also, Present in person or via phone:

Vivian Carvalho Kwame Jackson John Fetsick Paul Fay

District Manager - PFM Group Consulting LLC (via phone)

ADM – PFM Group Consulting LLC General Manager – Country Club Accountant – Country Club

(via phone) (via phone)

FIRST ORDER OF BUSINESS

Organizational Matters

Call to Order, Roll Call, and Public Comment Period

The Auditor Selection Committee meeting was called to order at 1:01 p.m. by Ms. Carvalho. Those in attendance are outlined above.

There were no public comments at this time.

SECOND ORDER OF BUSINESS

Administrative Matters

Review

of

Auditing

Services

Proposals

a.
b.
c.
d.
e.

Carr, Riggs & Ingram Grau & Associates Mauldin & Jenkins Phillips Feldman Group Richie Tandoc, P.A.

Ms. Carvalho gave an overview of the five proposals.

Ranking Proposals

of

Auditing

Services

Ms. Carvalho gave an overview of the recommended rankings and criteria.

There was brief discussion regarding the points given to each proposer and the process of ranking. It was noted each proposer can receive 100 points or less based on the ranking criteria.

Mr. Jackson noted the rankings are important as the proposals are not solely ranked based on price.

There was discussion regarding the proposals and qualifications.

It was noted that Phillips Feldman Group has the most experience. The committee agreed to rank them as the number one proposer.

Ms. Carvalho gave an overview of the auditor selection process.

The committee ranked Phillips Feldman Group as number one with 300 points, Grau and Associates as number two with 230 points, Mauldin and Jenkins as number three with 209 points, Carr, Riggs, & Ingram as number four with 195 points, and Richie Tandoc, P.A., as number five with 175 points.

THIRD ORDER OF BUSINESS

Adjournment

There was no further business to discuss.

Secretary / Assistant Secretary

Chairperson / Vice Chairperson

ON MOTION by Mr. Murphy, seconded by Mr. Crouch, with all in favor, the November 6, 2025, University Park Recreation District Auditor Selection Committee was adjourned at 1:20 p.m.

ON MOTION by Mr. Crouch, seconded by Mr. Crisafio, with all in favor, the Auditor Selection Committee approved the Auditor Selection Points and Rankings, and ranked Phillips Feldman Group as the number one proposer.

MINUTES OF MEETING

UNIVERSITY PARK RECREATION DISTRICT BOARD OF SUPERVISORS’ MEETING
Friday, November 14, 2025
1:00 p.m.
Business Offices
8301 The Park Boulevard, University Park, FL 34201

Board Members present in person or via phone:

Sally Dickson Steve Heitzner Rusty Piersons David Murphy
Scott Huebner

Chairperson
Vice Chairperson
2nd Vice Chairperson Treasurer
Assistant Secretary

Also, Present in person or via phone:

Vivian Carvalho Kwame Jackson John Fetsick Curtis Nickerson
Marisa Powers

District Manager - PFM Group Consulting LLC

ADM - PFM Group Consulting LLC General Manager - Country Club

(via phone)

Director of Properties & Facilities - Country Club District Counsel - Blalock Walters

Various Audience Members in-person and via Zoom

FIRST ORDER OF BUSINESS

Organizational Matters

Call to Order, Roll Call, and Pledge of Allegiance

The meeting was called to order at 1:00 p.m. by Ms. Dickson. Those in attendance are outlined above.

The Pledge of Allegiance was recited.

Public Comments

Mr. Ludmerer commented regarding the strategic planning for the RFP. He questioned what the deliverable is going to be for the strategic plan.

Mr. Huebner noted he had received two letters from residents. Ms. Carvalho recommended forwarding letters to District Management.

Mr. Huebner gave an overview of the letters. One letter was regarding estoppels.

Ms. Dickson noted she referred the resident to District Management.

Ms. Carvalho gave an overview of the process related to resident emails.

There was brief discussion regarding paying off a resident’s bond portion and golf membership. It was noted that the two are separate.

Mr. Huebner noted the second resident letter was regarding the expansion of a home that could affect the golf course.

Mr. Nickerson gave an overview of the location. There was brief discussion regarding the expansion.

Mr. Murphy noted it is currently being presented to Manatee County.

There were no further public comments.

SECOND ORDER OF BUSINESS

Administrative Matters

Consideration of Minutes of the:

a)

September Auditor

30,

2025,

Selection

Committee Meeting

b)

October 6, 2025, Board of

Supervisors’ Meeting

Special

c)

October 17, 2025, Board of Supervisors’ Meeting October 23, 2025, Board of

d)

Supervisors' Meeting

Continued

The Board reviewed the minutes.

Ms. Carvalho noted any changes by the Board have been incorporated as requested.

Mr. Huebner recommended redlining any changes for the Board’s review.

Mr. Murphy noted the word “form” on page 3 of the October 17, 2025, meeting should be changed to “forum”.

ON MOTION by Mr. Murphy, second by Mr. Piersons, with all in favor, the Board of Supervisors for the University Park Recreation District approved the Minutes of the September 30, 2025, Auditor Selection Committee Meeting, the October 6, 2025, Board of Supervisors’ Special Meeting, the October 17, 2025, Board of Supervisors’ Meeting, and the October 23, 2025, Board of Supervisors Continued Meeting.

Ratification of Approval of Varsity Club Renovation Project

Ms. Carvalho noted there was a vote taken during the last meeting authorizing the purchase of the Varsity Club furniture. This is to ratify that action.

THIRD ORDER OF BUSINESS

Staff Report Matters

District Counsel – No report.

District Manager –

Ms. Carvalho noted there are no open records requests at this time.

Ms. Johnson will be sending out the Voter Eligibility Form today in the Club Weekly.

Ms. Carvalho gave an overview of the form that will be on the District’s website. All submissions will be sent to District Management. The deadline is December 31, 2025. It was noted that if you are a deeded resident, you do not have to register.

Club Management –
a. Management Discussion & Analysis Report

Mr. Fetsick gave an overview of the report. He gave an update on the Finance and Strategic Planning Committees. They each have had several meetings. He noted the Finance Committee will be requesting an increase in Initiation Fees at the December Board meeting. The Strategic Planning Committee is requesting RFP approval at today’s Board meeting, with proposals due December 12, 2025, at noon.

Mr. Fetsick recommended having an update from the committees on the agenda at each meeting. This should be done by a committee representative, other than Mr. Fetsick.

Mr. Piersons recommended having the Chair do those updates.

Mr. Fetsick noted the busy Club season is here. The Gridiron Fall Festival was highly attended and had positive feedback. Thanksgiving is sold out with approximately 600 reservations. Trivia nights are continuing.

There was brief discussion regarding trivia nights and hours of operation. Mr. Fetsick noted there will be more consistent hours for dining.

ON MOTION by Mr. Murphy, second by Mr. Heitzner, with all in favor, the Board of Supervisors for the University Park Recreation District ratified the Approval of the Varsity Club Renovation Project Furniture.

There was also brief discussion regarding sold out events.

The Amenity Survey Process has concluded. Results will be presented at an upcoming Workshop.

Mr. Murphy noted he will be meeting with the Advisory Groups to review information and questions.

Ms. Dickson recommended sharing this information with the Strategic Planning Committee.

Mr. Murphy noted a goal of the Strategic Planning Committee is to determine how to satisfy the needs of today, while also planning for the needs of the future.

There was brief discussion regarding having someone from each Advisory Group report back to the Strategic Planning Committee.

It was noted there is no bias in the results. The only bias is that it was an opt-in survey. Mr. Murphy gave an overview of the surveys.

Mr. Fetsick noted that all sports activities are continuing and staying busy.

Mr. Fetsick gave an overview of the membership report. It was noted there will be formal action at today’s meeting regarding the 450-membership cap. Mr. Fetsick noted he will provide a breakdown of resident and non-resident members for racquets in future reports.

Mr. Fetsick gave an overview of the Statement of Operations through September 20, 2025. It was noted this was for operating results. Mr. Fetsick also gave an overview of the Balance Sheet and the Capital Sources and Uses Sheet.

There was brief discussion regarding the dining and food operational costs.

FOURTH ORDER OF BUSINESS

Business Matters

Consideration of Resolution 2026- 03, Adopting Membership Cap

Ms. Dickson gave an overview.

Ms. Powers noted the Resolution should have Exhibit A attached, which would list the membership cap.

There was lengthy discussion regarding the increase in the membership cap and the member experience. It was noted the previous full membership cap was 450 and the Board previously agreed to a 10-person increase when needed.

There was also discussion regarding resident versus non-resident membership caps. Mr. Murphy gave a historical overview of membership.

Mr. Piersons noted the consulting groups have expertise related to this subject and can make recommendations to the Board. There was brief discussion regarding the consulting groups.

There was continued discussion regarding the membership cap. It was noted the cap will be exceeded at some point in the year.

Mr. Murphy recommended approving the 460-flexibility cap.

There was brief discussion regarding approving the resolution with the 460-membership cap.

Mr. Jackson noted that the previous Resolution 2025-10 states that the full membership cap, initiated at 450 members, can only be surpassed by District Homeowners.

There was continued discussion regarding the membership cap and member experience. It was noted the 460 cap is for flexibility being that membership ebbs and flows. If the new resolution is rejected, the current resolution stays in place.

Ms. Dickson recommended discussing this at a workshop.

There was brief discussion regarding membership related to home sales and non-resident membership.

Ms. Dickson recommended leaving the resolution as it is and note that there is flexibility of 10 members. Any other increase will have to be reviewed by the Board.

There was brief discussion regarding the cap and having a waitlist.

This item was deferred.

Consideration

of

General

Manager’s Goals and Objectives

Ms. Dickson gave an overview and noted the goals and objectives have been updated as requested.

There was brief discussion regarding the goals and objectives of the General Manager. It was noted changes can be made next year as needed.

There was also brief discussion regarding the frequency of reporting to the Board.

Mr. Murphy commented regarding the KPI’s and benchmarks.

ON MOTION by Mr. Piersons, second by Mr. Heitzner, with Mr. Murphy opposed, and all others in favor, the Board of Supervisors for the University Park Recreation District approved the General Manager’s Goals and Objectives.

Review

and

Consideration

of

Professional Consulting Services RFP Template
a) RFP Template

b) Email

from

Supervisor

Piersons

Ms. Dickson gave an overview of the template and Mr. Piersons’s email in support of professional consulting services.

There was discussion regarding hiring consulting services.

Mr. Freedman commented regarding the consulting services and noted these services will help understand the future market for housing sales in the UPRD.

There was discussion regarding the RFP template and the timing of the request. Mr. Murphy recommended pushing back 60 to 90 days.

Ms. Dickson gave a historical overview of strategic planning in the District. She noted the process would not be completed until the beginning of the year.

Mr. Heitzner agreed the timing is too early for the Strategic Planning Committee to hire outside sources. He also requested clarification on what the deliverable would be. Mr. Heitzner recommended a facilitator, instead of a consultant.

There was brief discussion regarding having a facilitator.

Mr. Huebner noted this is the request from the Strategic Planning Committee of what they need.

Mr. Piersons noted this was the same request that the Business Planning Team had.

There was continued discussion regarding the timing of the request and the process of the RFP. It was noted that the RFP is solely a proposal request and ultimately does not have to be approved.

Mr. Freedman noted there will be information gained from the RFP process, and it would take the Committee some time before coming before the Board. The entire process and review would take approximately 4 to 6 months.

There was brief discussion regarding the work currently going on with the kitchen and fitness center.

Ms. Dickson noted the Strategic Plan is not the Master Plan. She gave an overview of the responsibilities of the Strategic Planning Committee and noted it is not related to building.

There was discussion regarding the Master Plan versus the Strategic Plan and the goals of each.

Ms. Powers noted this approval is for the template, but the RFP will be modified prior to sending out.

There was lengthy discussion regarding the deadline for the RFP. It was noted the revised template with updated dates and required legalities will be brought back to the Board at the December meeting. The final document will also include the evaluation criteria.

This item was deferred until the December meeting.

Consideration

of

Recommendation of the Auditor Selection Committee

Ms. Carvalho noted the Auditor Selection Committee met on December 6, 2025, and ranked five companies. She gave an overview of the rankings and noted the Phillips Feldman Group was ranked number one. Once approved, District Management will reach out to the selected auditor for an engagement letter.

It was noted that the Board previously approved the members of the Auditor Selection Committee. Ms. Carvalho gave an overview of the process related to auditing services.

Consideration and Appointment of Election Chair

Ms. Carvalho gave an overview and noted communication was sent out for candidacy interest. There has been no interest thus far. There must be an Election Chair appointed by January, or an outside company can be hired.

The Board can send recommendations to Ms. Carvalho. This can be determined at the December meeting.

It was noted there will be a committee to help the Election Chair.

This item will be kept on the agenda.

Consideration of Resolution 2026- 04, Setting a Public Hearing Date

for

Amendment

to

Rules

of

Procedure

ON MOTION by Mr. Piersons, second by Mr. Heitzner, with Mr. Huebner opposed, and all others in favor, the Board of Supervisors for the University Park Recreation District approved the recommendation of the Auditor Selection Committee and ranking of Phillips Feldman Group as Number One.

Ms. Carvalho gave an overview and how it relates to items being placed on the agenda. District Counsel provided a template for the Board’s review. A hearing has to be scheduled to change the rule of procedure. Due to timing requirements, this would take place at the January Board meeting.

FIFTH ORDER OF BUSINESS

District Financial Matters

Ratification

of

Payment

Authorization No. 149

This item was deferred due to the invoices not being included in the agenda packet.

Supervisor Comments

Requests

&

Public

The upcoming workshops and meetings were noted.

It was noted the Voter Eligibility Registration announcement was already sent out and reminders will be sent out as well.

Date

Meeting Type

Time

Location

November 19, 2025

Finance Committee Meeting

3:00PM

University Park Business Offices

December 2, 2025

Board Workshop Meeting

2:00PM

University Park Business Offices

December 10, 2025

Strategic Planning Committee Meeting

3:00PM

University Park Business Offices

December 12, 2025

Board of Supervisors’ Meeting

1:00 PM

University Park Business Offices

December 17, 2025

Finance Committee Meeting

3:00PM

University Park Business Offices

December 30, 2025

Board Workshop Meeting

2:00PM

University Park Business Offices

ON MOTION by Mr. Murphy, second by Mr. Heitzner, with all in favor, the Board of Supervisors for the University Park Recreation District approved Resolution 2026-04, Setting a Public Hearing Date for Amendment to Rules of Procedure, with a date of January 9, 2025.

There was brief discussion regarding the meeting and workshop dates. It was requested that the December 30, 2025, workshop be moved to January. District Management will follow up with possible dates to reschedule.

Ms. Dickson commented regarding an incident of possible illegal gambling on Club property. The incident was reported to the police, and it has been closed as non-criminal. District Counsel was contacted and made aware of the situation. Any future issues or questions can be directed to Club Management or Board Supervisors for appropriate action to be taken. The incident report will be a part of the minutes.

Mr. Heitzner gave an update on the revised plan for the kitchen as it relates to storage and bathrooms. Cost effectiveness and designs are being worked on with the architects. Mr. Heitzner also gave an update on the fitness center plans and gave an overview of the previous choices. He noted the two-story building option received good feedback. There is a recommendation to use the space on the opposite side of the golf pro shop for the Fitness Center, instead of the originally planned activity center. This would eliminate a lot of the disruption during construction and provide cost savings. The building next to the racquet courts could be used for other needed space.

There was discussion regarding the location and parking/traffic issues. There was also discussion regarding the Fitness Center options.

Mr. Huebner recommended adding the Fitness Center to the Cart Barn expansion.

There was brief discussion regarding the location and previous plans for an activity center. It was noted the Club has the archived plans.

Mr. Nickerson requested the use of the current consulting architects for the Front Nine project. This is not a new expense and is rolled into next year’s contract, with an approximate cost of
$10,000.00. The choices will be brought back to the Board for review.

Ms. Loundy commented regarding the office space and noted it is needed in the Master Plan. She also commented regarding the traffic for the possible Fitness Center. It was noted the admin offices are included in the proposal. It was also noted the current planned parking spaces would be inadequate for classes and a safety issue for pedestrian traffic.

Mr. Matt commented regarding the history of the approval of the legal and finance issues club.

ON MOTION by Mr. Piersons, second by Mr. Murphy, with all in favor, the Board of Supervisors for the University Park Recreation District approved the engagement of the architect consultant company for the Front Nine project, with the fee rolled into next year’s contract.

He also commented regarding Ms. Dickson holding a Chair seat on the Board and being a member of the PBM committee.

Ms. Dickson noted Mr. Matt’s comments were non-factual and noted the Ethics Commission stated there are no conflicts of interest with her serving in the positions.

There were no further Supervisor requests or public comments.

SIXTH ORDER OF BUSINESS

Adjournment

There was no further business to discuss.

Secretary / Assistant Secretary

Chairperson / Vice Chairperson

ON MOTION by Mr. Murphy, second by Mr. Heitzner, with all in favor, the November 14, 2025, Board of Supervisors Meeting for the University Park Recreation District was adjourned at 3:52 p.m.

University Park Recreation District

Staff Reports

University Park Recreation District

Club Management

a. Management Discussion & Analysis Report

University Park Recreation District
Management Discussion & Analysis Report As of November 30, 2025

The Holiday Season is here!

“Thank you” to the entire Team for a very successful Thanksgiving to-go service and dinner buffet.
Thanksgiving Day was sold-out with approximately 600 reservations (all Members & Guests) and we finished with approximately 100 “to-go” orders the Wednesday before. In total, approximately 700 Members were provided with a Thanksgiving meal over a 24-hour period.

Our Staff Holiday Party was on Monday, December 8th at Lakewood National CC (we hosted their party on December 1st). Approximately 175 staff members and guests enjoyed great food, drink, prizes and more!

The Team has now moved on to hosting member and public Holiday Parties. Member events include our
Racquets Holiday Party (12/6), Member Christmas Party (12/13), Hanukkah Dinner (12/15), Wine Club Holiday Tasting (12/20), Christmas Eve Breakfast with Santa (12/24), and a New Year’s Eve Dinner (12/31). In addition, we are also hosting many other Holiday Parties including several for UP neighborhoods.

All of these events in addition to our standard Bingo (12/4), Trivia (12/18), Trucks and Tunes (12/22),
among many others.

It is shaping up to be a busy month of Member Experiences!

Varsity Club

John Fetsick to provide a verbal update on the Varsity Club furniture.

Racquets Furniture

John Fetsick will seek approval to move forward with the purchase of new outdoor furniture within the
Racquets & Fitness spaces. The proposed furniture will be on-site Thursday, December 11th for review for the Board and Membership.

University Park Recreation District
Management Discussion & Analysis Report As of November 30, 2025

Membership

*134 grandfathered non-members (flat to prior month), 194 grandfathered members (-1 to prior month)

**315 non-resident memberships (+3 to prior month)

Full

Racquets

Social

Net Change in
Memberships

Trial Full

Trial Rac/Fit

Trial Fit/Soc

Trial Social

Sum Golf

Sum Tennis

Wait List

2024 Totals 12/31/24

445

108

786

1339

2

0

0

2

0

0

9

January

-1

1

0

0

3

February

-4

1

3

0

March

1

2

-6

-3

-2

2

-2

-2

April

2

1

4

7

-3

41

14

-6

May

5

-1

-1

3

-2

29

33

June

1

1

-1

1

5

2

July

-2

2

0

0

2

August

5

-1

1

5

September

3

-2

-1

0

1

October

7

4

-7

4

-75

-51

1

November

11/20

2

1

0

3

-2

Total Members

464

115

780

1359

0

0

0

0

0

0

1

Social Access

104

28

132

Fitness

21

1

131

153

Range

10

57

67

Tw ilight Tennis

24

24

Pickleball

2

56

58

Total Passes

434

UNIVERSITY PARK COUNTRY CLUB STATEMENT OF OPERATIONS

11/17/2025

1/4

YTD OPERATING RESULTS, 1 MONTH THROUGH 10/31/25

Actual Results of UPCC Operations

Budget

$ Variance

% Change

COMMENTS

Total Revenues

$1,043

$1,017

$26

2.6%

Less: Outside Golf Capital Allocation

(18)

(17)

(0)

2.1%

10% of Outside Golf Allocated to Capital

Total Revenues, Less Capital Allocation

1,026

1,000

26

2.6%

Total Expenses

1,024

1,020

(3)

(0.3%)

Net Operating Surplus (Deficit)

2

(20)

22

(111.0%)

Net Operating impact

Revenues and Expenses, Details

Actual

Budget

$ Variance

% Change

Dues revenue

$506

$510

($ 3)

(0.6%)

Golf operations revenue

271

267

4

1.5%

Dining operations revenue

229

209

20

9.7%

Racquets/Fitness/Other operations revenue

19

15

5

32.0%

Subtotal, Revenues

1,026

1,000

26

2.6%

Golf operations

131

152

21

14.0%

Golf maintenance

315

278

(37)

(13.4%)

Projects that were budgeted for later in the year completed early

Dining operations

321

325

4

1.3%

Racquets & Fitness operations

59

50

(9)

(18.5%)

General & Adm

198

216

17

8.1%

Subtotal, Expenses

1,024

1,020

(3)

(0.3%)

Net Operating Surplus (Deficit), net of $18k outside golf capital allocation

$2

($ 20)

$ 22

(111.0%)

Variance is $22k, 111.% from budget

UNIVERSITY PARK COUNTRY CLUB COMPARATIVE BALANCE SHEET AS OF OCTOBER 31, 2025 AND 2024

11/17/2025

2/4

UPCC Operating Fund

Capital Irrigation Fund

Assets

Unaudited 10/31/25

Unaudited 10/31/24

Unaudited 10/31/25

Unaudited 10/31/24

Comments & Assumptions

Operating Cash & Short-Term Investments

$827

$492

Accounts Receivable

585

593

Inventory

354

339

Deposits & Prepaids

254

166

Future Assessments based on BAN or Long- Term Bonds

5,936

5,137

Amounts drawn from BAN, $4,059 + Amounts borrowed from UPCC Capital Reserves, $1,835 as of FY25, $42 accrued interest

Subtotal, operating assets

2,020

1,590

5,936

5,137

Board Designated Cash & Investments & Receivable from Irrigation Fund:

Operating Reserves

400

400

BOS designated for future use.

Capital Reserves

501

4

Capital Reserves Used for Irrigation Project-- Due from Capital Irrigation Fund

1,835

2,532

Portion of irrigation project paid out of UPCC reserve funds

Sub total, Board Designated Cash, Capital Reserves & Capital Irrigation Fund Receivable

2,736

2,936

-

-

Property and Equipment - Net

26,613

20,313

Property and Equipment - CIP

1,323

5,619

-

-

TotaI Assets

$32,692

$30,458

$5,936

$5,137

Liabilities & Net Position:

Accounts Payable

Operations Related

$519

$428

Accrued Liabilities & Other Payables

380

357

42

-

Gift Cards & Store Credits

119

108

Subtotal, operating liabilities

1,018

894

42

-

Deferred Revenue

1,164

1,076

Capital Lease Obligations

2,009

418

Capital Projects Payable

58

785

Due to UPCC Operating Fund

$1,835

$2,532

BAN Payable to Bank

4,059

2,605

Total Liabilities

4,249

3,172

5,936

5,137

Beginning Balance, Purchase of UPCC assets in 2019

16,750

16,750

-

-

Due From Capital Irrigation Fund

1,835

2,532

Prior Years' Operating Surplus

9,868

7,281

Current Period Operating Surplus

(10)

723

Net Position

28,443

27,286

-

-

Total Liabilities & Net Position

$32,692

$30,458

$5,936

$5,137

UNIVERSITY PARK COUNTRY CLUB CAPITAL SOURCES AND USES AS OF OCTOBER 31, 2025

11/17/2025

3/4

Sources

Notes

2019, Construction Fund after UPCC club purchase

$4,157

2021, Loan Forgiveness

856

2024-5, Bond Anticipation Note for Irrigation Project

3,757

$1,838 was paid out of Operating Cash and needs to be repaid from either BAN assessment or 2024 Bond funds when available.

Sub total, Bond Proceeds and Loan Forgiveness

8,769

Bonds & Loan Forgiveness

FY 2021 Init Fees & 10% Outside Golf

673

FY 2022 Init Fees & 10% Outside Golf

666

FY 2023 Init Fees, Cap Dues & 10% Outside Golf

1,330

FY 2024 Init Fees, Cap Dues & 10% Outside Golf

1,850

FY 2025 Init Fees, Cap Dues & 10% Outside Golf

1,439

FY 2026 Init Fees, Cap Dues & 10% Outside Golf

194

Sub total, Init Fees, Capital Dues & 10% Outside Golf

6,151

Capital raised through Operations

Total Sources of Capital

14,920

Uses

2022, Parking Lot - Asphalt

136

2021-2025, Golf Course Improvement & Irrigation

7,412

2023, Tennis/Pickleball Courts

810

2022-2023, Buildings - Renovations, A/C and Upgrades

291

2023-2025, Range Picker, Bag Drop/Pro Shop FF&E

127

2022-2024, Grille - Kitchen Equipment

289

2023, Golf Course Maintenance Equipment

459

2023, IT Equipment - Computers, Server etc

91

2023-2024, Racquets And Fitness Equipmet

89

2021-2023, Indoor Dining Renovation

1,066

2023-2024, Outdoor Dining (Cafe) Renovation

2,326

Subtotal, Uses

13,096

FY2025 Uses

2025, Varsity Club Renovation

47

2025, Admin Office Renovation

31

2025, (4)Toro Greensmasters

29

Subtotal, FY2025 Uses

107

Construction In Progress

2025, Back 9 Renovation

1,115

2020, Master Plan Project

151

Locker Room Renovation

3

Other - Carpeting

5

Subtotal, CIP

1,274

Total Uses

14,477

Remaining Capital Reserves

443

Capital Account Balance at 10/31/2025

Due to operating capital from BAN or Bond

1,835

Total Capital Reserves

2,278

Balance with Irrigation Project repayment

UNIVERSITY PARK COUNTRY CLUB STATEMENT OF CASH FLOWS AS OF OCTOBER 31, 2025

11/17/2025

4/4

MTD & YTD STATEMENT OF CASH FLOWS, 1 MONTH THROUGH 10/31/25

October

MTD

YTD

Cash Flows From Operating Activities:

Cash Receipts From Members & Guests

$ 428

$ 428

Cash Payments To Vendors & Suppliers

(344)

(344)

Cash Payments To PBM Staff Serving UPCC & UPRD

(594)

(594)

Net Cash Provided (Used) By Operating Activities

(509)

(509)

Cash Flows From Capital, Financing, And Other Non-Operating Activities:

Initiation Fees

$ 163

$ 163

Capital Dues

10

10

Purchase Of Equipment & Capital Projects

(264)

(264)

Transfer to General Fund

(50)

(50)

Interest From Investments

1

1

Net Cash Provided (Used) By Capital And Other Non-Operating Activities

(140)

(140)

Net Increase (Decrease) In Cash

(649)

(649)

Cash At Beginning Of Period

2,378

2,378

Cash At End Of Period

$ 1,728

$ 1,728

University Park Recreation District Summary Operating Data
As of October 31, 2025

Rounds of Golf (as of October 31, 2025):

Rounds of Golf (as of October 31, 2024):

Overall revenue is $22K favorable to budget, variance driven primarily by strong dining sales. Golf operations revenue is on target with budget, with higher outside rounds producing a $5K favorable variance in greens fees, which helped offset lower member rounds resulting in a $7K unfavorable variance in cart fees. Merchandise sales also surpassed budget, contributing an additional $6K favorable variance.
Golf course maintenance expenses are currently over budget due to various projects that were scheduled for later in the year but were completed earlier. We anticipate this trend will continue over the next couple of months, with expenses realigning to budget by summer.

October

YTD

Actual

Budget

Variance

Actual

Budget

Variance

Member Rounds

2,133

3,699

(1,566)

2,133

3,699

(1,566)

Outside Rounds

840

2,432

(1,592)

840

2,432

(1,592)

2,973

6,131

(3,158)

2,973

6,131

(3,158)

October

YTD

Actual

Budget

Variance

Actual

Budget

Variance

Member Rounds

3,248

3,899

(651)

3,248

3,899

(651)

Outside Rounds

2,563

2,356

207

2,563

2,356

207

5,811

6,255

(444)

5,811

6,255

(444)

University Park Recreation District

Review and Acceptance of Fiscal Year 2025 District Goals & Objectives Reporting Form

University Park Recreation District

Review and Consideration of Professional Consulting Services RFP Template (provided under separate cover)

University Park Recreation District

Consideration and Appointment of Election Chair

University Park Recreation District

Discussion of Park Boulevard Management (PBM) Spending Authority

University Park Recreation District (UPRD)
Summary of Park Boulevard Management Spending Authority
Based on the Country Club Management Agreement (Effective December 2024)

Park Boulevard Management (PBM) manages daily operations of University Park Country Club under defined limits of spending and contracting authority. UPRD retains oversight of all major, capital, and unbudgeted expenditures. The following summarizes PBM’s financial and contractual authority without prior approval.

d)

e

Summary: PBM’s spending authority covers routine and budgeted operations. Unbudgeted, emergency, and capital expenditures require UPRD approval as outlined. The Board retains oversight of all major financial commitments and deviations from the approved Annual Business Plan.

Category

Authority Without Approval

Requires UPRD / Officer Approval

Operating Expenses

Within approved Annual Operating Budget

Outside budgeted limits

Emergency Repairs

Up to $25,000 for safety or damage prevention

Over $25,000 (Chair/Treasurer approval require

Unbudgeted Minor Expenses

 $10,000 per month or  $50,000 per year

Exceeding $10,000/month or $50,000/year

Service Contracts

Within budget and  $50,000 total

Over $50,000 or not in budget

Capital Expenditures

None without inclusion in Annual Business Pla

nAll capital items not pre-approved by Board

Bank Signatures

 $50,000 single signature (GM/Finance/Facili

tie>s)$50,000 requires Chair/Treasurer co-signatur

---------- Original Message ----------
From: Mark Barnebey <mbarnebey@blalockwalters.com>
To: "Sally Dickson - UPRD (sally.dickson@UniversityParkRD.com)"
<sally.dickson@UniversityParkRD.com>, "steve.heitzner@universityparkrd.com" <steve.heitzner@universityparkrd.com>, Scott Huebner <scott.huebner@universityparkrd.com>, "David.Murphy@universityparkrd.com"
<David.Murphy@universityparkrd.com>, Rusty Piersons
<russell.piersons@universityparkrd.com>
Cc: "John Fetsick (jfetsick@universitypark-fl.com)" <jfetsick@universitypark- fl.com>, "Vivian Carvalho (carvalhov@pfm.com)" <carvalhov@pfm.com>, Jennifer Alexander <jalexander@blalockwalters.com>
Date: 12/02/2025 5:27 PM EST
Subject: University Park Recreation District/

Please do not respond to all.

Supervisors – In prior workshops, there was the inquiry below. Our response is as set forth below:

Was the Summary of Park Boulevard Management Spending Authority presented at the November 4, 2025 workshop and attached hereto correct?

In general terms, the Summary of Park Boulevard Management Spending Authority is consistent with the Country Club Management Agreement of December

13, 2024. As with any summary, there are more details in the Management Agreement, but this is a good summary.

Mark P. Barnebey

Board Certified in City, County and Local Government Law

802 11th Street West | Bradenton, FL 34205
2 North Tamiami Trail, #402 | Sarasota, FL 34236

Office 941.748.0100 | Facsimile 941.745.2093
mbarnebey@blalockwalters.com

To ensure compliance with Treasury Department regulations, we advise you that, unless otherwise expressly indicated, any tax advice contained in this communication (including any attachments) was not intended or written to be used, and cannot be used, for the purpose of (i) avoiding tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions or (ii) promoting, marketing or recommending to another party any tax-related matters addressed herein.

Confidentiality Notice - This message is being sent by or on behalf of an attorney. It is intended exclusively for the individual or entity to which it is addressed. This communication may contain information that is proprietary, privileged or confidential or otherwise legally exempt from disclosure. If you are not the named addressee, you are not authorized to read, print, retain, copy or disseminate this message or any part of it. If you have received this message in error, please notify the sender immediately by e-mail and delete all copies of this message.

University Park Recreation District

Update on Capital Improvement Plan

University Park Recreation District

Consideration of Arbitrage Rebate Calculation Services Proposal

University Park Recreation District

Consideration of Sunshade Proposal

September 19, 2025

Univeristy Park Country Club
7671 The Park Blvd University Park, FL 34201 502-382-8997

Thank you for allowing us to provide you with a proposal for hurricane protection. We have listed below a line-item
quote reflecting the scope of work for your project. The number shown with each line item corresponds to the drawing provided as part of this proposal.

Your project includes the following:
7 PROGRESSIVE MAGNA TRACK MOTORIZED HURRICANE SCREEN(S) at the following location(s):
Exceeds the requirements for the State of Florida and Miami-Dade Certification.
Screens are Twitchel OmegaTex with Kevlar reinforcement.
Designed for CAT5 hurricanes to withstand both wind and missile impactions.
Keeps the lanai much cooler and dramatically reduces cooling costs inside your home.
NO-SEE-UM protection.
Provides 95% UV Protection.
Best looking screens on the market.
The only screens on the market that can be left exposed to the UV of the Florida sun.
Gaposa Motors have a 5-year manufacturer's warranty.
Screens have a 15-Year manufacturer's warranty.
| Progressive Hurricane Screen, Motorized | White / White & Tan | Other | Unit Size: 176 x 144
| Progressive Hurricane Screen, Motorized | White / White & Tan | Other | Unit Size: 175 x 144
| Progressive Hurricane Screen, Motorized | White / White & Tan | Other | Unit Size: 185 x 144
| Progressive Hurricane Screen, Motorized | White / White & Tan | Other | Unit Size: 186 x 144
| Progressive Hurricane Screen, Motorized | White / White & Tan | Other | Unit Size: 186 x 143
| Progressive Hurricane Screen, Motorized | White / White & Tan | Other | Unit Size: 184 x 143
| Progressive Hurricane Screen, Motorized | White / White & Tan | Other | Unit Size: 265 x 143

$
$
$
$
$
$
$

8,334.00
8,334.00
8,593.00
8,593.00
8,593.00
8,593.00
10,508.00

Permitting:

$

500.00

Removal / Refunding 7 Solar Screens

$

7,000.00

Contractor License CBC1264026
6915 15th St East, Unit 205, Sarasota, FL 34243 - (941) 900-8924

Page 1 of 2

TOTAL PRICE:
DISCOUNT:
TOTAL PROJECT COST:

$

55,048.00

$

49,500.00

Terms and Conditions:
Payment: A deposit equal to, or greater than 50% of the contract price is due upon signing the contract. All warranties will be void unless all money due to Sun and Storm Systems, LLC (Seller) is paid in full when installed.

The products listed in this agreement are to be custom made for this purchase and therefore cannot
be changed, cancelled, modified, or discharged in whole or in part by the Purchaser except in accordance with the law or with written consent from the Seller.

Customer Signature: 	

Date: 	

Contractor License CBC1264026
6915 15th St East, Unit 205, Sarasota, FL 34243 - (941) 900-8924

Page 2 of 2

University Park Recreation District

Discussion of
Florida Ethics Commission Response

 AMENDED AND RESTATED 

 OPERATING AGREEMENT 

 OF 

 PARK BOULEVARD MANAGEMENT, LLC 

Prepared by:
J. Michael Hartenstine
Williams Parker Harrison Dietz & Getzen 200 South Orange Avenue
Sarasota, Florida 34236

AMENDED AND RESTATED OPERATING AGREEMENT OF PARK BOULEVARD MANAGEMENT, LLC

 This Amended and Restated Operating Agreement, dated as of December 13, 2019, 

 forth herein. The terms of this Agreement supersede any contrary terms in the Act, un- less the Act makes such contrary terms non-waivable, in which case the Act will govern such terms. In addition, this Agreement amends, restates, supersedes, and replaces the Operating Agreement of UPCC, LLC, dated August 16, 2018.
ARTICLE 1: DEFINITIONS
Unless the context indicates otherwise or the terms are otherwise defined herein, the following terms have the meanings assigned to them in this Article 1.
“ACT” means the Florida Limited Liability Company Act, Chapter 605, Florida Statutes, as amended.
“CODE” means the Internal Revenue Code of 1986, as amended, and any subse- quently enacted United States income tax code.
“COMPANY” means PARK BOULEVARD MANAGEMENT, LLC (formerly
known as UPCC, LLC), a Florida limited liability company, formed in accordance with the Articles of Organization filed with the State of Florida effective as of August 16, 2018, having document number L18000197208, as amended by Articles of Amendment filed with the State of Florida effective as of October 24, 2019, having document number H19000313041.
“Company Property” means all the assets of the Company, including money; accounts receivable; investments; bank accounts; shares of stock; interests in partner- ships and limited liability companies; other intangible assets; and any other real prop- erty, personal property, and property rights belonging to the Company.
“PERSON” means any natural person, partnership, corporation, trust, association, or other legal entity.
ARTICLE 2: MANAGEMENT
Authority and Power. The Company will be manager-managed. Except as ex- 
 pressly set forth in this Agreement or the Act, the Manager has full, exclusive, and com- 
 plete authority and discretion to manage and control the business of the Company and 
 to make all decisions affecting the business of the Company, including the exclusive right 
 to conclusively approve transactions outside the ordinary course of business. Any Per- son dealing with the Company may conclusively rely on a certificate signed by the Man- ager as to its identity and its authority to act on behalf of the Company and without

Page 1 of 7

is made by and between PARK BOULEVARD MANAGEMENT, LLC (formerly known as UPCC, LLC), a Florida limited liability company, and UNIVERSITY PARK COMMUNITY ASSOCIATION, INC., a Florida corporation not for profit, its sole Member and Manager, in consideration of the mutual covenants and obligations set

further inquiry may rely upon the authority of the Manager to perform any act or exe- cute and deliver any instrument for the Company. Except as expressly set forth in this Agreement, the Manager has all the rights and powers which may be possessed by the Manager pursuant to the Act.
2.2  Limitation Upon Rights and Powers of the Manager. The Manager does
not have the authority to do any act expressly prohibited by the Act or by other law.
Consent of Member Required. Except as expressly permitted by this Agree- ment, the Manager does not have the authority to do any of the following acts without the prior consent of the Member:
any act in contravention to this Agreement;
any act that would cause the Company to become taxable as an associa- tion for Federal income tax purposes;
any act that would subject any Member to personal liability for acts of the Company or the Manager; or
possess or assign rights in Company Property for other than a Company
purpose.
Statement of Authority. The Company may file a statement of authority with any applicable governmental body or non-governmental organization as necessary to enforce limitations upon the power of the Manager or other Persons to act on the Company’s behalf.

2.3   General Duties 

Manager. The Manager shall manage and control the 

 affairs of the Company for its benefit and the benefit of the Member. The Manager owes

a duty of loyalty and duty of care to the Company and the Member as provided by the Act, except as provided in this Agreement.
NUMBER. The name and address of the Manager is set forth on Exhibit A. Exhibit A will be amended, from time to time, to reflect changes in the Manager. The number of Managers may be increased only by the Member. If at any time there is more than one Manager, then any reference in this Agreement to the “Manager” will refer to the Man- agers, and an act will be considered approved by the Managers if and only if a majority of the Managers approve the act. At any time the Member is the Company’s sole Man- ager, it may refer to itself and execute documents on the Company’s behalf as either “Manager” or “Managing Member.”
Term of Office; Resignation. The Manager will hold office until resignation, removal from office pursuant to Section 2.6, irrevocable dissolution, or death, whichever first occurs. The Manager may resign at any time upon 30 days' prior written notice to the Member. For the foregoing purposes, an administrative dissolution does not consti- tute an irrevocable dissolution. The acceptance of a resignation is not necessary to make it effective.
Removal; Vacancies. The Manager may be removed at any time and for any reason by the Member, upon written notice by the Member to the Manager. Any vacan- cies (whether arising out of resignation, death, irrevocable dissolution of an entity which is the Manager, or removal) will be filled by the Member. For the foregoing purposes, an

Page 2 of 7

OF THE 

administrative dissolution does not constitute an irrevocable dissolution.
OFFICERS. Those persons from time to time serving as president, vice president, secretary, and treasurer of the Member are designated officers of the Company, each holding ex officio the same office in the Company as is held in the Member. An officer will have the same authority and responsibility with respect to the Company as the cor- responding officer of a Florida corporation would have with respect to the corporation.
Executives. In addition to the officers, the Company will have an executive staff 
 comprised of a General Manager, a Deputy General Manager, and a Director of Finance 
 (each being referred to herein as an “Executive”). The Executives will have full, exclu- 
 sive, and complete authority and discretion to manage and control, and to make all de- 
 cisions affecting, matters within the ordinary course of business of the Company, subject 
 only to directives of the Management Committee. The Executives shall render to the 
 Management Committee such oral or written reports of their management of the Com- 
 pany’s business in such form and on such occasions as the Management Committee may 
 require. 
Management Committee. The Company will have a Management Committee 
 comprised of three members, each of whom will be appointed by, and serve at the pleas- 
 ure of, the Manager. The Management Committee will have full, exclusive, and complete 
 authority and discretion to hire, terminate, compensate, supervise, and direct the Exec- 
 utives. 
Bank Accounts. All funds of the Company will be deposited in one or more bank accounts in such banking institutions as the Manager may determine. All with- drawals against such accounts for the payment of payroll expenses, payroll taxes, and other employee-related expenses must be made by check, draft, or other written order signed by two Executives, by two officers of the Company, or by an Executive and an officer of the Company. All other withdrawals against such accounts must be made by check, draft, or other written order signed by an Executive and an officer of the Company or by two officers of the Company.
Indemnification. The duty of care owed by the Member, the Manager, the of- ficers, the Executives, and members of the Management Committee in the discharge of their duties to the Company is limited to refraining from engaging in grossly negligent or reckless conduct, intentional misconduct, conduct involving bad faith or a knowing violation of law, or such lower standard as may be permitted by a non-waivable term in the Act. In discharging their duties, the Member, the Manager, the officers, the Execu- tives, and members of the Management Committee will be fully protected in relying in good faith upon the records required to be maintained under the Act and upon such information, opinions, reports, or statements by (a) any of the Company’s agents or (b) any other Person as to matters they reasonably believe are within such other Person’s professional or expert competence and who has been selected with reasonable care by or on behalf of the Company, including information, opinions, reports, or statements as to the value and amount of the assets, liabilities, profits, or losses of the Company or any other facts pertinent to the existence and amount of assets from which distributions to

Page 3 of 7

the Member might properly be paid. The Company shall indemnify the Member, the Manager, the officers, the Executives, and members of the Management Committee for their conduct in such capacities to the maximum extent permitted by law.
ARTICLE 3: CONTRIBUTIONS
Initial Capital Contribution. The Member shall make the capital contribu- tion described on Exhibit A at the time and on the terms specified on Exhibit A and will become the Company’s sole member in exchange for such contribution. If no time for the capital contribution is specified, the capital contribution will be made upon the filing of the Articles of Organization with the Secretary of State. The value of the capital contri- bution is as set forth on Exhibit A. No interest will accrue on the capital contribution, and the Member does not have the right to withdraw or be repaid any capital contribu- tion except as provided in this Agreement.
Additional Capital Contributions. In addition to the initial capital contri- bution, the Member may make additional capital contributions. Except to the extent of any unpaid portion of the capital contribution described on Exhibit A, the Member is not obligated to make any additional capital contributions.
ARTICLE 4: DISTRIBUTIONS
The Company may make distributions to the Member as determined by the Man- ager from time to time in accordance with this Agreement. However, no distribution may be declared and paid if such distribution would violate the limitations on distribu- tions set forth in the Act.
ARTICLE 5: TAX MATTERS
Except as provided in the next sentence, as long as the Company has only one Mem- ber, the Company will be taxed as a disregarded entity for Federal income tax purposes. If the Company’s sole Member consists of individuals holding their membership interest as tenants by the entirety, joint tenants, tenants in common, or through some other sim- ilar form of ownership, the Company will be taxed as a partnership under the Code, but will be treated as a single-member limited liability company for all non-income tax pur- poses. If the Company is taxed as a partnership under the Code, capital accounts will be maintained and Federal income tax attributes will be allocated in accordance with Code Sections 704(b) and 704(c) and the Regulations thereunder. To the extent possible, the state income tax classification of the Company will mirror its Federal income tax classification.
ARTICLE 6: COMPETITION
The Member and the Manager are entitled to enter into transactions that may be considered to be competitive with, or exploit a business opportunity that may be bene- ficial to, the Company, it being expressly understood that the Member and the Manager may enter into transactions that are similar to the transactions into which the Company

Page 4 of 7

may enter.

ARTICLE 7: TRANSFER OF MEMBERSHIP INTEREST
The Member’s membership interest is transferable in whole or in part without the consent of any other Person. An assignee of such membership interest will be admitted as a Member only if the transferring Member, in the Member’s sole discretion, consents to such admission. If the Member does not consent to the admission of an assignee as a Member, the Member will retain all the management rights granted to the Member here- under. If the Member’s membership interest is involuntarily transferred pursuant to a divorce proceeding or some other event, the transferee will only be entitled to the rights of an assignee, and the Member will retain all the management rights granted to the Member hereunder. The rights of a creditor of the Member who acquires an interest in the Member’s membership interest, whether by reason of a pledge of such interest or otherwise, will be limited to the rights described in Section 605.0503, Florida Statutes, as applicable to single-member limited liability companies, and such creditor will have no other rights whatsoever. Notwithstanding anything to the contrary herein, if a member- ship interest in the Company is held by a Member as tenants by the entireties, a transfer of such interest to the surviving tenant upon the death of the other tenant will be per- mitted, and the surviving tenant will automatically be admitted as a Member with re- spect to the entire interest formerly held as tenants by the entireties.
ARTICLE 8: DISSOLUTION
Perpetual Term. The Company’s existence will be perpetual unless the Member determines to dissolve it. Only the Member may determine if and when the Company will be dissolved. Such right is exclusively reserved to the Member even if the Member’s creditor or another Person has acquired part or all of the Member’s membership interest without being admitted as a substitute Member.
Liquidation. Upon the dissolution of the Company, the Company’s business will be wound up, its assets liquidated, and the net proceeds of such liquidation distrib- uted to the Member. The Member shall proceed without any unnecessary delay to sell and otherwise liquidate the Company Property. However, if the Member determines an immediate sale of part or all of the Company Property would cause undue loss, in order to avoid such loss, the Member may defer the liquidation, except to the extent provided by the Act. Upon the completion of the liquidation and distribution of the Company Property, the Member shall execute, acknowledge, and cause to be filed all certificates and notices required by law to reflect the dissolution of the Company.
Continuing Governance. In the event of a dissolution of the Company, the business affairs of the Company will continue to be governed by the terms of this Agree- ment during the winding up of the Company’s business and affairs.
ARTICLE 9: AMENDMENTS
The Articles of Organization and this Agreement may be amended or restated, or a

Page 5 of 7

new Operating Agreement may be adopted, by mutual agreement of the Member and the Company.
ARTICLE 10: MISCELLANEOUS
NOTICES. Notices or other communications will be deemed to have been given only when personally delivered by the Person giving notice to the Person receiving no- tice.
Applicable Law. This Agreement will be governed by, and construed in accord- ance with, the law of the State of Florida (without regard to conflict of laws or similar concepts).
Construction. Words of gender used in this Agreement will be interpreted to include the other genders, and words in the singular number will be interpreted to in- clude the plural and vice-versa, when the context so requires. The captions to each Arti- cle are inserted only as a matter of convenience and for reference purposes and in no way define, limit, or describe the scope or intent of this Agreement.
Integration. This Agreement contains the entire understanding between the parties and supersedes any prior understandings and agreements between them con- cerning the within subject matter. There are no representations, agreements, arrange- ments, or understandings, oral or written, between the parties relating to the subject matter of this Agreement that are not described herein.
INVALIDITY. This Agreement is intended to be performed in accordance with, and only to the extent permitted by, all applicable laws, ordinances, rules, and regula- tions of the jurisdictions in which the Company does business. If any provisions of this Agreement or its application to any Person or circumstance is, for any reason or to any extent, found to be invalid or unenforceable, the remainder of this Agreement or the application of such provision to other Persons or circumstances will not be affected thereby, but rather will be enforced to the greatest extent permitted by law.
Successors Bound. This Agreement will be binding upon, and inure to the benefit of, the Member and the Member’s legal representatives, heirs, and permitted suc- cessors and assigns.
EXECUTION. The parties may evidence their execution of this Agreement by fac- simile or electronic transmission of a copy of this Agreement bearing the respective party’s signature, and such facsimile or electronic copy will be binding for all purposes as fully as a copy bearing the original signature of such party.

Page 6 of 7

In witness whereof, the Company, the Member, and the Manager have signed this Agreement effective as of the date first appearing above.

The Company

PARK BOULEVARD MANAGEMENT, LLC
By:		University Park Community Association, Inc., a Florida corporation As its Manager

By:		 John Whyte
As its President

The Member

UNIVERSITY PARK COMMUNITY ASSOCIATION, INC.

By:		 John Whyte
As its President

The Manager

UNIVERSITY PARK COMMUNITY ASSOCIATION, INC.

By:		 John Whyte
As its President

5358174v2

Page 7 of 7

EXHIBIT A
TO THE AMENDED AND RESTATED OPERATING AGREEMENT OF PARK BOULEVARD MANAGEMENT, LLC

Agreed Value of Initial Capital Contribution
or Commitment

Name and Address of Member

Initial Capital Contribution

N/A

N/A

University Park Community Association, Inc.
8301 The Park Boulevard University Park, FL 34201

Name and Address of Manager

University Park Community Association, Inc.
8301 The Park Boulevard University Park, FL 34201

MEMORANDUM

TO:

Board of Supervisors

FROM:

Mark P. Barnebey, Esquire, District Counsel

CC:

Vivian Carvahlo, District Manager
Kwame Jackson, Assistant District Manager John Fetsick, General Manager
Marisa J. Powers, Esquire

DATE:

December 5, 2025

RE:

Questions Related to Conflicts of Interest

We received the following inquiries:

1.

Whether a Supervisor's service on the board of directors or management
body of one of the District's major vendors constitutes a prohibited employment or contractual relationship under Florida Statute 112.313(3) or 112.313(7)?

BRADENTON
802 11th Street West Bradenton, FL 34205

This question is not directed to a specific scenario. The general
answer is there is a potential of such a relationship being a prohibited employment or contractual relationship under Sections 112.313(3) or 112.313(7), Florida Statutes, if a Supervisor serves in a role on the board of directors or management body of a District vendor but the analysis of these questions are very fact specific. Whenever there is a potential for a violation of the Florida ethics laws, I encourage elected officials to reach out to the Office of the Florida Ethics Commission for guidance. Recently, this question was the subject of an inquiry by the Chair to the staff of the Commission on Ethics related to the Chair serving as a volunteer on the management committee of Park Boulevard Management, Inc. (PBM), which is a corporation formed by the University Park Community Association, Inc. (UPCAI).  It was

SARASOTA
2 North Tamiami Trail Suite 400
Sarasota, FL 34236

941.748.0100 phone
941.745.2093 fax
BlalockWalters.com

mbarnebey@blalockwalters.com

5419029v1

Board of Supervisors, University Park Recreation District
Supervisor's Prohibited Employment or Contractual Relationship December 5, 2025
Page 2 of 5

addressed in a May 5, 2025 letter from attorney Stephanie
Novenario of the Florida Ethics Commission. Without rehashing the lengthy analysis by Attorney Novenario, the summary of the analysis is provided at the end of the letter and states as follows:

In summation, your simultaneous service as a Board Supervisor for
the UPRD and as a volunteer member of PBM’s Management Committee does not appear to present a prohibited conflict of interest pursuant to either prohibition found within Section 112.313(7)(a), Florida Statutes. Based on your assertion that your service as a member of PBM's three-person Management Committee does not functionally amount to service as a director of PBM, it does not appear that your membership on the Management Committee violates either prohibition found within Section 112.313(3), Florida Statutes. However, if your duties on the Management Committee do amount to the functional equivalent of a director position, your service on the Management Committee would likely violate both prohibitions found in Section 112.313(3). (Emphasis added)

The summary by Attorney Novenario indicates that based on the
information provided by the Chair, there is not a conflict under Section 112.313(7) or 112.313, Florida Statutes.

2.

Whether such a relationship requires the Supervisor to disclose a conflict
and abstain from voting under Florida Statute 112.313(3) when matters involving that vendor come before the Board, including contract renewals or extensions?

Again, this is general question and not directed to a specific
facts. Thus, it is possible that such a relation would require a Supervisor to disclose a conflict and abstain from voting under Florida law, but again the analysis related to such a question would be very fact specific Whenever there is a potential for a violation of the Florida ethics laws, I encourage elected officials to reach out to the Office of the Florida Ethics Commission for guidance.

Discussion of issues related to Section 112.313(3) were addressed
in the response to question 1. However, voting conflicts are generally covered by Section 112.3143, Florida Statutes. Section 112.3143, Florida Statutes, states in part as follows:

5419029v1

Board of Supervisors, University Park Recreation District
Supervisor's Prohibited Employment or Contractual Relationship December 5, 2025
Page 3 of 5

(3)(a)  No county, municipal, or other local public officer
shall vote in an official capacity upon any measure which would inure to his or her special private gain or loss; which he or she knows would inure to the special private gain or loss of any principal by whom he or she is retained or to the parent organization or subsidiary of a corporate principal by which he or she is retained, other than an agency as defined in s. 112.312(2); or which he or she knows would inure to the special private gain or loss of a relative or business associate of the public officer. Such public officer shall, prior to the vote being taken, publicly state to the assembly the nature of the officer’s interest in the matter from which he or she is abstaining from voting and, within 15 days after the vote occurs, disclose the nature of his or her interest as a public record in a memorandum filed with the person responsible for recording the minutes of the meeting, who shall incorporate the memorandum in the minutes.

Two definitions in subsection 1 are relevant to this discussion:

(a)  “Principal by whom retained” means an individual or
entity, other than an agency as defined in s. 112.312(2), that for compensation, salary, pay, consideration, or similar thing of value, has permitted or directed another to act for the individual or entity, and includes, but is not limited to, one’s client, employer, or the parent, subsidiary, or sibling organization of one’s client or employer.

And

(d)  “Special private gain or loss” means an economic
benefit or harm that would inure to the officer, his or her relative, business associate, or principal, unless the measure affects a class that includes the officer, his or her relative, business associate, or principal, in which case, at least the following factors must be considered when determining whether a special private gain or loss exists:

The size of the class affected by the vote.
The nature of the interests involved.

5419029v1

Board of Supervisors, University Park Recreation District
Supervisor's Prohibited Employment or Contractual Relationship December 5, 2025
Page 4 of 5

The  degree  to  which  the  interests  of  all
members of the class are affected by the vote.
The degree to which the officer, his or her relative, business associate, or principal receives a greater benefit or harm when compared to other members of the class.

The degree to which there is uncertainty at the time of the
vote as to whether there would be any economic benefit or harm to the public officer, his or her relative, business associate, or principal and, if so, the nature or degree of the economic benefit or harm must also be considered.

This analysis is fact specific. Thus, for example, a key question
would be whether the measure being voted on would inure to his or her special private gain or loss or which he or she knows would inure to the special private gain or loss of any principal by whom he or she is retained or to the parent organization or subsidiary of a corporate principal by which he or she is retained.

3.

Whether a Supervisor in this circumstance was required to abstain from

the vote on extension of the vendor's contract and whether Form 8B should have
been filed?

As noted above, the analysis is fact specifics and I do not know specifics to
which you are referring. However, it would be inappropriate for me to comment on actions already taken by a Supervisor.

4. Whether I have a specific position regarding the May 5, 2025 letter from
attorney Stephanie Novenario representing the Florida Commission on Ethics, as it pertains to action or non-action to be taken by the UPRD board?

The May 5 letter from Commission on Ethics attorney Stephanie Novenario
is discussed in detail above. In regard to the May 5, 2025 letter, I can assure you that the Ethics Commission staff and attorneys take inquiries such as the one initiated by the Chair on this issue very seriously and carefully analyze the information provided. It should be noted that each of these cases are very fact specific and the facts related to the relationship with PBM, UPCAI, and the District are likely very unique in the state of

Florida.

The opinion by Attorney Novenario is the best information

available to the Chair and the District at this point.  However, regardless

5419029v1

Board of Supervisors, University Park Recreation District
Supervisor's Prohibited Employment or Contractual Relationship December 5, 2025
Page 5 of 5

of the opinion rendered, the Board of Supervisors could examine
alternatives if the Board believes that alternative better serves the

District.

For example, the Board could examine the possibility of

appointing an individual, who is not a Supervisor, to serve as the District
representative on the PBM Management Committee. Depending on what alternative is being considered, it is likely that such a change would require some discussion with UPCAI.

5419029v1

University Park Recreation District

Consideration of Firm for Election Ballot Counting Services (provided under separate cover)

University Park Recreation District

Ratification of Payment Authorization No. 149 – 151

University Park Recreation District

10/16/2025

Payment Authorization No. 150

O&M - General Fund Expenses

�
Blalock Walters
Blalock Walters PFM
Vglobal Tech

Invoice 40896-000-85
40896-033-21
DM-10-2025-61 7771

Description
$21 Million Bond Validation General Representation
District Management Fee: October 2025 ADA Website Maintenance - October 2025

Amount 3,348.00
8,879.00
5,833.33
400.00

$
$
$
$

O&M - General Fund Expenses Total

$

18.460.33

Asst Traasu�

Asst. Secretary/Secretary