Title: UPRD Agenda Packet 09.25.2026 (PFM) BOS
Subject: Proposal Name
Author: Megan Baughman
Company: PFM FA LLC
Category: RFP #

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

The rescheduled meeting of the Board of Supervisors of the University Park Recreation District will be held on Friday, September 25, 2026, at 1:00 PM at the Business Offices located at 8301 The Park Boulevard, University Park, FL 34201 and virtually.

Meeting ID: 648 161 1158
Join meeting via Zoom:

Passcode: 597609

https://us02web.zoom.us/j/6481611158?pwd=eWEwQ01tWUFSNDJRTUpNbCtoQmpHUT09&o mn=84588938513

Join via mobile:

+16469313860,,6481611158#,,,,*597609# US
+19292056099,,6481611158#,,,,*597609# US (New York)

BOARD OF SUPERVISORS’ MEETING AGENDA

Organizational Matters	(1:00 – 1:15 PM)

•
•
•

Call to Order
Roll Call to Confirm Quorum
Public Comment Period [for any members of the public desiring to speak on any proposition before the Board]
Opening Remarks by Board Chairman

•

Administrative Matters	(1:15 – 1:25 PM)

1.
2.

Consideration of Minutes of September 1, 2026, Board of Supervisors’ Meeting Consideration of Minutes of September 9, 2026, Strategic Planning Committee Workshop Meeting
Public Records Request Summary List Correspondence Summary List

3.
4.

Staff Report Matters	(1:25 - 1:40 PM)

5.
6.
7.

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

8.

Old Business Matters	(1:40 – 1:55 PM)
Nominations and Appointment of Board Member for Vacant Seat
John Haddock
Dale Otterman
Rusty Piersons
Bill Price
Nominations and Appointment of Governance Committee Members
William Keppler
Henry Resnikoff
Chris Edwards
Dean Matt
Steve Parkinson

New Business Matters	(1:55 – 2:45 PM)
Setting October Meeting Date for the Finance Committee Monthly Meeting
Consideration of Finance Committee Recommendations & Request:

a.
b.
c.

Banking Relationship
Capital Dues Increase (provided under separate cover) Fitness Equipment

Consideration of Osprey Consulting Agreement (provided under separate cover)
Discussion of Townhall Meeting for Realtors
Discussion of Year End Finance Townhall Meeting

District Financial Matters 	(2:45 – 2:47 PM)
16. Ratification of Payment Authorization Nos. 168 - 169

17. Supervisor Comments & Future Agenda Items	(2:47 – 3:00 PM)

Adjournment

Date

Meeting Type

Time

Location

Note

October 9, 2026

Board of Supervisors’ Meeting

2:00 PM

University Park

Business Offices

October 13, 2026

Board of Supervisors Workshop – Strategic Club Solutions Retreat

9:00 AM –
3:00 PM

University Park

Lakeside Room

October 27, 2026

Board of Supervisors’ Meeting

2:00 PM

University Park

Business Offices

November 13, 2026

Board of Supervisors’ Meeting

2:00 PM

University Park

Business Offices

November 24, 2026

Board of Supervisors’ Meeting

2:00 PM

University Park

Business Offices

December 11, 2026

Board of Supervisors’ Meeting

2:00 PM

University Park

Business Offices

December 29, 2026

Board of Supervisors’ Meeting

2:00 PM

University Park

Business Offices

University Park Recreation District

Consideration of Minutes of September 1, 2026,
Board of Supervisors’ Meeting

MINUTES OF MEETING

UNIVERSITY PARK RECREATION DISTRICT BOARD OF SUPERVISORS’ MEETING
Tuesday, September 1, 2026
2:00 p.m.
Business Offices
8301 The Park Boulevard, University Park, FL 34201

Board Members present in person or via phone:

Steve Heitzner Gregory Selep Steve Swanson

Chairperson Board Secretary Treasurer

Also, Present in person or via phone:

Vivian Carvalho Kwame Jackson Joe Rassett
Paul Fay Marisa Powers

District Manager – PFM Management Services LLC Associate DM – PFM Management Services LLC (via Zoom) Interim General Manager – Country Club
Financial Controller – 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 2:01 p.m. by Ms. Carvalho. Those in attendance are outlined above.

The Pledge of Allegiance was recited.

Public Comments

Mr. Heitzner noted that UPCAI agreed to a severance package with Mr. Fetsick and that the District would need to pay for 80% of the severance. He noted that UPCAI did not consult with the District regarding the terms or financials of the severance and that he has not approved any payments. Mr. heitzner noted that last week the District received an invoice in the amount of
$203,000.00 to pay for the severance, and he again gave instructions to not pay and does not think it is the District’s responsibility.

A resident commented on Section 2A, regarding the five-year plan and noted that the District is in compliance. He also commented on the mischaracterization of the purchase price of the club.

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A resident commented on resident misinformation at the last board meeting and provided clarification on the Capital Improvement Plan and the residents in favor of the Bonds.

A resident commented on the tone and criticism from residents to members of the Board.

Two residents noted their support of the Board of Supervisors.

SECOND ORDER OF BUSINESS

Administrative Matters

Consideration of Minutes:

a.

August 4, 2026, Supervisors’ Meeting

Board of Special
and

Attorney/Client Session August 4, 2026, Board of Supervisors’ Meeting August 11, 2026, Board of Supervisors’ Rescheduled Meeting

b.

c.

The Board reviewed the Minutes.

Public Records Request Summary List

Ms. Carvalho noted that there was a records request regarding the shade meeting and asked the Board for approval to post the minutes on the website. The Board agreed that all Shade Meeting minutes should be included on the website now that the litigation matter has ended.

Ms. Carvalho noted there were two additional records requests that have been acknowledged.

Correspondence Summary List

The Board reviewed the Correspondence Summary List.

No action was required.

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ON MOTION by Mr. Selep, second by Mr. Heitzner, with all in favor, the Board of Supervisors for the University Park Recreation District approved the Minutes of the August 4, 2026, Board of Supervisors’ Special Meeting and Attorney/Client Session, the August 4, 2026, Board of Supervisors’ Meeting and the August 11, 2026, Board of Supervisor’s Rescheduled Meeting.

THIRD ORDER OF BUSINESS

Staff Report Matters

District Counsel

No report.

District Manager

No report.

Club Management

No report.

Committee Reports
a.  Finance

Mr. Crouch noted that the banking questions have gone back to two recommendation by January 1, 2027.

relationship proposals have been received.

Additional

banks regarding the proposals. The plan is for a

b. Strategic Planning

The next meeting will be held September 9, 2026. Quorum will not be established and so the meeting has been changed to a workshop.

FOURTH ORDER OF BUSINESS

New Business Matters

Public Hearing on the Adoption of the District’s Annual Budget & Country Club Budget

a.

Public Testimony

Comments

and

b.
c.

Board Comments Consideration of 2026-23, Adopting
Year   2026-2027

Resolution the Fiscal District’s

Annual

Budget

and

Appropriating Funds

i.
ii.

General Fund Budget Debt Service Budgets

d.

Consideration	of	Resolution 2026-24, Adopting the Fiscal

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Year 2026-2027 Country Club

Budget Funds

and

Appropriating

i.

Enterprise Fund Budget

Ms. Carvalho requested a motion to open the public hearing.

Ms. Carvalho clarified that the hearing would continue to September 11, 2026, for the purpose of approving and finalizing the tax roll for the Budget.

Mr. Fay reviewed the General Fund Budget and the changes; $10,000.00 increase due to Bonds and Assessments.

Mr. Fay noted that the revenue section of the budget is where the funds are coming from to be able to pay the expenses.

Mr. Fay reviewed the proposed Debt Service Budget regarding the 2019 Bonds Special Assessments and noted that no changes have been made.

Mr. Fay reviewed the 2027 proposed Debt Service Budget for the 2026 Bonds Special Assessments. He noted that these are preliminary numbers and will be finalized by the September 11, 2026, meeting.

Mr. Fay reviewed the Enterprise Fund Budget.

Mr. Fay reviewed the Capital Fund Budget and noted that no changes have been made.

Mr. Crouch recommended working on the pricing with Liebold for the irrigation and re-grass of the golf course. He noted that the turf and the contractor need to be secured one year in advance.

Mr. Rassett provided comments on the matter.

There were no Board comments as it relates to the budget.

A resident commented on the need to expand the pickleball facility.

A resident requested the budget be conservative of rounds.

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ON MOTION by Mr. Heitzner, second by Mr. Swanson, with all in favor, the Board of Supervisors for the University Park Recreation District opened the public hearing.

Consideration of Resolution 2026-25, Adopting the Annual Board Meeting Schedule for Fiscal Year 2026-2027

Ms. Carvalho reviewed the meeting schedule with the Board.

Ms. Powers noted that the July 27, 2027, meeting needs to be corrected to July 28, 2028.

Consideration of Arbitrage Rebate Counselors, LLC Proposal for Annual Arbitrage Calculations for the Series 2024 Note

Ms. Carvalho reviewed the proposal from Arbitrage Rebate Counselors, LLC with the Board and noted the fee of $350 for the annual arbitrage calculation for the Series 2024 Note.

Discussion of Invoice Approval Process

Mr. Fay gave an overview of the invoice and payment process.

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ON MOTION by Mr. Heitzner, second by Mr. Swanson, with all in favor, the Board of Supervisors for the University Park Recreation District approved the Proposal with Arbitrage Rebate Counselors, LLC for Annual Arbitrage Calculations for the Series 2024 Note.

ON MOTION by Mr. Heitzner, second by Mr. Swanson, with all in favor, the Board of Supervisors for the University Park Recreation District approved Resolution 2026-25, Adopting the Annual Board Meeting Schedule for Fiscal Year 2026-2027.

ON MOTION by Mr. Selep, second by Mr. Swanson, with all in favor, the Board of Supervisors for the University Park Recreation District Continued the Public Hearing on the Adoption of the District’s Annual Budget & Country Club Budget to September 11, 2026, at 8:00 AM.

There was brief discussion regarding modifying the process to include additional members on the emails.

Mr. Swanson noted that residents are reaching out to counsel.

Mr. Heitzner stated that counsel should not be taking phone calls from residents unless directed.

Discussion of Request for Legal Assistance by Non-Board Members

This was discussed with the Discussion of Invoice Approval Process.

FIFTH ORDER OF BUSINESS

District Financial Matters

Consideration of Payment Authorization No. 168

This item was deferred.

Ratification of Payment Authorization No. 167

Mr. Fay noted this included an invoice from Blalock Walters for the Bond Validation in the amount
$5,508.00, invoice for District Management Monthly Fee and Postage Fee in the amount of
$7,566.68, Notice of Public Meeting fee in the amount of $345.66 and Website Maintenance in the amount of $400.00.

Ms. Carvalho noted that the continuation of the public hearing will be held on September 11, 2026, and will only be one hour.

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ON MOTION by Mr. Selep, second by Mr. Swanson, with all in favor, the Board of Supervisors for the University Park Recreation District ratified Payment Authorization No. 167.

Supervisor Comments & Future Agenda Items

Mr. Selep suggested an all-hands meeting to present the final budget to the community.

Mr. Swanson shared comments on the expense versus value.

Ms. Carvalho discussed the Strategic Club Solution workshop/retreat on October 13, 2026, from 9:00 a.m. – 3:00 p.m. with a one-hour lunch.

Mr. Jackson noted the Financial Advisory Team would like to provide an update.

Mr. Dennis provided the final amount of today’s Bond Sale.

SIXTH ORDER OF BUSINESS

Adjournment

There was no further business to discuss.

Secretary / Assistant Secretary

Chairperson / Vice Chairperson

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ON MOTION by Mr. Swanson, second by Mr. Heitzner, with all in favor, the September 1, 2026, Board of Supervisors Meeting for the University Park Recreation District was continued to September 11, 2026, at 3:28 p.m.

Date

Meeting Type

Time

Location

September	11,
2026

Board of Supervisors’ Meeting

8:00 AM

University Park Business Offices

September	29,
2026

Board of Supervisors’ Meeting

2:00 PM

University Park Business Offices

September	25,
2026

Board of Supervisor’s Rescheduled Meeting

1:00 PM

University Park Business Offices

University Park Recreation District

Consideration of Minutes of September 9, 2026,
Strategic Planning Committee Workshop Meeting

MINUTES OF MEETING

UNIVERSITY PARK RECREATION DISTRICT STRATEGIC PLANNING COMMITTEE WORKSHOP
Wednesday, September 9, 2026
3:00 PM
Business Offices
8301 The Park Boulevard, University Park, FL 34201

Strategic Planning Committee Members Present:

Bill Mutryn Steve Ferrara Ken Schreder Don Sheets
Beth Wolchock

Member (via Zoom) Member (in person) Member (via Zoom) Member (via Zoom)
Member (via Zoom)

Also Present (in person and via Zoom):

Greg Selep Marisa Powers Kwame Jackson Joseph Rassett Sydney Johnson Rob Schlingman
Members of the Public

Secretary, UPRD Board of Supervisors
Legal Counsel, University Park Recreation District
Assistant District Manager, University Park Recreation District Interim General Manager, University Park Country Club Communications Director, University Park Country Club Strategic Club Solutions

FIRST ORDER OF BUSINESS

Organizational Matters
Call to Order and Roll Call

The workshop was called to order at approximately 3:02 PM. Roll call was conducted. One Committee member was present in person and four members participated via Zoom; therefore, a quorum was not physically present. The Committee proceeded in workshop format, and no formal action was taken.
Public Comment
No public comments were made at this time.

SECOND ORDER OF BUSINESS

Business Matters
Strategic Club Solutions Update

Member Survey Results
Mr. Schlingman provided a high-level overview of the recently completed member survey. Approximately 56% of member households responded. Overall satisfaction with the Club and its

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amenities was favorable, and the survey produced a Net Promoter Score of +11. Mr. Schlingman explained that this score was positive but below common private-club benchmarks, and that comments from detractors focused primarily on governance changes and transparency concerns occurring during the survey period.

The Committee discussed the survey findings and requested additional context regarding industry benchmarks and amenity-specific results. Mr. Schlingman reported that the fitness center received the greatest criticism, including concerns regarding its size and capacity, and that approximately 23% of respondents reported regular use of the facility.

Mr. Selep advised that the survey summary would be distributed to Committee members for individual review. Strategic Club Solutions will consolidate comments received from the Committee and the Board into a final report. The final report will become a public record and will be made available to the public.

Strategic Planning Process and October 13 Board Workshop
Mr. Schlingman reviewed the next phase of the strategic-planning process. Strategic Club Solutions will prepare a pre-workshop workbook that includes a SWOT analysis for the October 13, 2026 Board workshop. The workshop is expected to address mission, vision, core values, brand identity, survey findings, the SWOT analysis, and the development of strategic pillars, objectives, and tactics. A draft strategic plan will be prepared following the workshop, with completion anticipated in late fourth quarter 2026 or early first quarter 2027.

The Committee discussed its participation in the October 13 workshop. Mr. Selep stated that at least one Strategic Planning Committee representative would attend, while the Board continued to consider whether broader committee participation would be appropriate. Ms. Johnson suggested providing the pre-workshop workbook to all Committee members so their input could be incorporated through the attending representative. Mr. Schlingman confirmed that this approach could be accommodated with board approval.

The workshop will be publicly noticed and open to the public. Because it will be conducted as a workshop, no formal action will be taken. Zoom availability remained to be determined based on the capabilities of the Lakeside Room; District Counsel clarified that remote access is not legally required.

Competitive, Demographic and Capital Planning Considerations
The Committee discussed the importance of incorporating external market conditions, competing communities, local demographics, and recent homebuyer trends into the strategic plan. Mr.
Schlingman confirmed that Strategic Club Solutions will evaluate competitors, opportunities unique to University Park, risks affecting home sales, broader Sarasota-area demographics, and the characteristics of purchasers during the most recent four-year period.

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Members also discussed the relationship between the strategic plan, the District’s asset-level capital projections, and the revenue generated by golf, food and beverage, and fitness operations. Mr. Selep recommended that Paul Fay provide the Committee with a focused presentation on the District’s assets, capital projections, and financial position rather than distributing a large volume of supporting documents without context.

Mr. Selep confirmed that the kitchen renovation is the first project to be funded from the current bond. Project estimates are available, but hard construction pricing has not yet been finalized. Planning for the fitness and activity center has begun, but the scope and available funding will depend on the final kitchen cost and remaining bond proceeds.

Prior Strategic Planning Materials
The Committee discussed access to prior strategic-planning documents, the original bond materials, and comparative benchmarking information. Mr. Selep noted that existing documents are available on the District website and were included in materials previously provided to the Committee. Strategic Club Solutions confirmed that all materials produced to date had been shared and encouraged members to direct questions to the consultant. Members requested that substantive reports and planning materials continue to be distributed to the full Committee.

THIRD ORDER OF BUSINESS

Sunshine Law Public Records and Ethics

Ms. Powers provided an overview of the Government in the Sunshine Law, Chapter 119 public-records requirements, and ethics obligations applicable to the Committee. She explained that, because the Committee was established by the Board of Supervisors and serves in an advisory capacity, meetings at which Committee business is discussed must be publicly noticed, open to the public, and recorded through minutes.

Committee members may not communicate with one another about matters that may foreseeably come before the Committee outside a publicly noticed meeting. This restriction applies to in-person conversations, telephone calls, email, text messages, and social media. A member may send information to other members without soliciting a response; however, replies or exchanges among members may constitute a meeting outside the Sunshine. Members may communicate individually with staff or management, provided staff does not serve as a conduit between Committee members.

Ms. Powers advised that a majority of the Committee must be physically present in the same location to establish a quorum and take formal action. Participation by Zoom does not count toward the physical quorum requirement. A regular meeting at which formal action may be taken must include an opportunity for public comment; a workshop at which no formal action is taken does not require a public-comment period.

All materials made or received in connection with Committee business are public records unless a statutory exemption applies. This includes emails, agenda packets, supporting documents, memoranda, photographs, and communications with District Counsel. Committee members were instructed to use their District-issued email accounts for Committee business. Communications

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with District Counsel are not automatically protected by attorney-client privilege and may be subject to disclosure.

Ms. Powers also reviewed potential voting conflicts, gift restrictions, and restrictions on doing business with entities in which a member, spouse, or child has a material interest. Although many ethics provisions applicable to elected officials may not apply to an advisory committee, members were advised to consult District Counsel promptly regarding any potential conflict or suspected Sunshine or public-records issue so corrective action can be evaluated.

FOURTH ORDER OF BUSINESS

Committee Structure and Quorum

Following the legal briefing, members discussed the practical effect of the Sunshine Law and physical-quorum requirements on the Committee’s ability to collaborate and complete strategic-planning work. Members referenced prior advisory models that reported to Club management and allowed work to occur between meetings, and suggested that a different structure could preserve transparency while improving effectiveness.

Mr. Selep acknowledged the Committee’s concerns and stated that the Board was aware of the operational challenges. He noted that consideration of a different advisory structure would be affected by the unresolved management arrangement and the future permanent General Manager or management company. He agreed to raise the Committee structure issue with the Board when the broader management structure is resolved.

The Committee also discussed the inability to adopt a meeting schedule for the new fiscal year without a physical quorum. Mr. Jackson advised that adoption of a Committee meeting schedule requires formal action by a quorum. Mr. Selep proposed consulting District Counsel and asking the Board whether it could establish an initial October meeting date to address the scheduling impasse. Members were asked to provide their in-person availability between October 13 and October 31, with a preferred meeting time of 3:00 PM.

Next Meeting Scheduled

Committee Member Requests/Comments
No additional Committee member requests or comments were made.

Adjournment

As the meeting was conducted as a workshop, no formal motion was taken. The workshop concluded at approximately 4:27 PM

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Date

Meeting Type

Time

Location

Note

TBD by Board of Supervisors

Strategic Planning Committee Meeting

3:00 PM

Business
Offices

In person or by Zoom

University Park Recreation District

Public Records Request Summary List

Total of All Records Request

Tally of Records

ID# Assignment

Date Updated

Name of File / Subject

Status

Files Released

1

Additional Documents

9.6.24

Additional Documents

Completed

33

1

Insurance

9.26.24

Insurance

Completed

8

1

Additional Records

10.25.24

Additional Records

Completed

3

1

Additional Document

11.7.24

Additional Document

Completed

1

1

Additional Document

11.11.24

Additional Document

Completed

5

1

Additional Document

12.12.24

Additional Document

Completed

2

1

10.1.24 & 12.19.24 Additional Document

12.19.24

10.1.24 & 12.19.24 Additional Document

Completed

6

1

Election

2.6.25

Election

Completed

34

1

4th Election Voter List

2.20.26

4th Election Voter List

Completed

2

1

4th Election Invalid Ballots 3.14.25

3.14.25

4th Election Invalid Ballots 3.14.25

Completed

1

1

Official Tally Sheet 3.14.25

3.14.25

Official Tally Sheet 3.14.25

Completed

1

1

3.31.25

3.31.25

3.31.25

Completed

1

1

2025 Election

4.5.25

2025 Election

Completed

19

1

Ballot Results

4.7.25

Ballot Results

Completed

1

1

4.14.25

4.14.25

4.14.25

Completed

5

1

Business Plan Group Executive

4.14.25

Business Plan Group Executive

Completed

1

1

5 Year Plan

5.6.25

5 Year Plan

Completed

17

1

Organizational Charts

7.15.25

Organizational Charts

Completed

2

1

Finance & Strategic Planning

7.28.25

Finance & Strategic Planning

Completed

9

1

Committee Expertise Summary

7.29.25

Committee Expertise Summary

Completed

2

1

July Board Meetings Attendance

8.1.25

July Board Meetings Attendance

Completed

4

1

8.7.25 District Financial Reports

8.7.25

8.7.25 District Financial Reports

Completed

5

1

MD&A Request

8.8.25

MD&A Request

Completed

3

1

District Financials

8.12.25

District Financials

Completed

2

1

Irrigation System Evaluation

9.17.25

Irrigation System Evaluatiion

Completed

1

1

MB 9.18.25

9.18.25

MB 9.18.25

Completed

1

1

Records Request #1 Fact Focus

10.27.25

Records Request #1 Fact Focus

Completed

3

1

Records Request #2 Finance Legal Issues

10.27.25

Records Request #2 Finance Legal Issues

Completed

16

1

Records Request #4 BOS Workshop Cancel

10.27.25

Records Request #4 BOS Workshop Cancellation

Completed

20

1

Records Request #3 Stock Touting SEC

10.28.25

Records Request #3 Stock Touting SEC

Completed

5

1

Records Request #9 Proposals

10.28.25

Records Request #9 Proposals

Completed

2

1

Records Request #9 Proposals

10.28.25

Records Request #9 Proposals

Completed

2

1

Records Request #7 Finance Cancellation

10.28.25

Records Request #7 Finance Cancellation

Completed

10

1

Records Request #8 Invoice Redaction

10.28.25

Records Request #8 Invoice Redaction

Completed

2

1

Records Request #6 9.22.25

10.29.25

Records Request #6 9.22.25

Completed

3

1

ID#3

11.3.25

ID#3 Public Records Request

Completed

1

1

ID#1

11.6.25

ID#1 10.29.25

Completed

3

1

ID#8

11.6.25

ID#8 7.8.24

Completed

5

1

ID#5

11.6.25

ID#5 7.8.24

Completed

4

1

Records Request 11.16.23

11.6.25

Records Request 11.16.23

Completed

2

1

Records Request 2.23.24

11.6.25

Records Request 2.23.24

Completed

2

1

Records Request 3.22.24

11.6.25

Records Request 3.22.24

Completed

5

1

Records Request 5.11.24

11.6.25

Records Request 5.11.24

Completed

3

1

Records Request 5.29.24

11.6.25

Records Request 5.29.24

Completed

4

1

Records Request 1.22.25

11.6.25

Records Request 1.22.25

Completed

2

1

Records Request 3.14.25

11.6.25

Records Request 3.14.25

Completed

2

1

Records Request #5 Varsity Club

11.10.25

Records Request #5 Varsity Club

Completed

8

1

ID#3

11.18.25

ID#3 11.18.25

Completed

1

1

ID#2

11.18.25

Records Request ID#2 10.29.25

Completed

16

1

ID#5

11.18.25

Records Request ID#5 11.16.25

Completed

2

1

ID#10

12.15.25

E-mails from Mark Invoice

Completed

8

1

ID#9

12.17.25

ID#9 11.24.25

Completed

1

1

ID#13

1.8.26

12.29.25 Election Procedure & General Inforamtion Package

Completed

2

1

ID#15

1.8.26

Dec. Start Mtg Recording, Strategic Planning Committee

Completed

4

1

ID#17

1.21.26

Zoom Information

Completed

2

1

ID#6

2.19.26

11.19.25 Maintenance 5-Year Ago

Completed

28

1

ID#1

2.19.26

ID# 1 7.8.24

Completed

5

1

ID#6

2.19.26

ID#6 7.8.24

Completed

19

1

ID#7

2.19.26

ID#7 7.10.24

Completed

23

1

ID#18

3.12.26

AI Invoice from District Counsel

Completed

2

1

ID#11

3.12.26 / 5.22.26

Invoices from Mark B Year 2024

Completed

33

1

ID#12

3.16.26 / 5.22.26

ID #2 10.29.25 (2nd Request)

Completed

72

1

ID#22

4.21.26

Draft of the Opinion Letter from the Comission on Ethics

Completed

5

1

ID#19

5.7.26

Funds Transaction Points A, B, C

Completed

43

1

ID#21

5.7.26

Lewis Longman Walker

Completed

4

1

ID#20

5.21.26

Lewis Longman Walker

Completed

40

1

ID#23

5.21.26

Invoices for Security Equipment 1/1/2020

Completed

10

1

ID#24

5.21.26 / 5.22.26

Emails about Open Seat Position

Completed

14

1

ID#25

8.6.26

Email About Membership Categories

Completed

3

1

ID#26

8.15.26

Email About the 5-Year Plan provided to SCS

Completed

0

1

ID#27

8.19.26

Bond Counsel Write Off Amount Information

1

ID#28

8.20.26

District Counsel Invoice Credits

Completed

2

1

ID#29

8.28.26

Client Attorney Session Meeting Minutes

Completed

9

1

ID#30

8.30.26

Severance Pay - Employment Contract

74

Total of Records Request

9.25.26

621

Total of Files Released

9.25.26

University Park Recreation District

Correspondence Summary List

Correspondence Summary List (for 9/25/2026)

Name

Date Received

Topic

Ted Baumen

8/27/2026

Vacancy on Board of Supervisors for UPRD

Dean Matt

8/28/2026

Public Records Request

Dean Matt

8/28/2026

Please update Records request list in 9/1 Agenda

Valerie Szymaniak

8/28/2026

Request for Public Records

Valerie Szymaniak

8/28/2026

Financial issues

Valerie Szymaniak

8/28/2026

Budget question

Valerie Szymaniak

8/28/2026

question for you

Valerie Szymaniak

8/29/2026

hopefully a helpful suggestion

Dean Matt

8/30/2026

Public Records Request: Severance Pay??? Employment contract legal questions???

David Owens

8/30/2026

Follow-Up to August 24 Public Comment –
$1.07 Million Fitness Center Project

Ike Koziol

8/31/2026

Public comment

Dean Matt

9/1/2026

Irrigation Costs

Dean Matt

//9/1/2026

University Park Recreation District- Updated Response to Records Request ID#25 - ID#30

Steve Ludmerer

9/1/2026

Stopping Misinformation

David Owens

9/1/2026

Re: Follow-Up to August 24 Public Comment –
$1.07 Million Fitness Center Project

Dean Matt

9/1/2026

UPRD - Home of the $200K Severance Payment?

Valerie Szymaniak

9/2/2026

UPCAI discussions

Chris Heckman/ Richard Garrett

9/3/2026

Severance

Jim Graham

9/3/2026

Severance

Dean Matt

9/4/2026

University Park Recreation District- Updated Response to Records Request ID#25 - ID#30

Steve Ludmerer

9/6/2026

35th Anniversary Residents' Day — Concept for Board Approval

Correspondence Summary List (for 9/25/2026)

Wolfgang Armbruster

9/6/2026

Suggestions On Creating a True 5-Year Financial Plan

Jimmy Larkin

9/7/2026

Board meeting on 9/11

Bernadette Schaffer

9/8/2026

Severance Package

Ian Nicolson

9/9/2026

RD Updates

Valerie Szymaniak

9/13/2026

Request for Public Records

Wolfgang Armbruster

9/13/2026

FORMAL NOTICE: UPRD Has Not
Demonstrated Charter §2-8-161 Compliance—Potential Implications for the Series 2026 Bonds

Jean Richards

9/15/2026

Membership Fees

University Park Recreation District

Staff Reports

University Park Recreation District

Club Management

Management Discussion and Analysis & Financial Statements

University Park Recreation District
Management Discussion & Analysis Report As of August 31, 2026

Member Experience/Dining

In the month of August, we had 2,550 covers with 749 reservations made via open table (142), your
network (437), phone-in (885), and walk-ins (1,086). Year-to-Date financials through August are $122,305 positive to budget.

Golf Operations

Golf did 3,743 rounds for the month of July averaging 121 rounds per day. Member rounds accounted for
56% of play while guest play held strong at 44%. Year-to-date member rounds are down to budget 5% while guest rounds are up 8%. Overall weather conditions were good with only 4 days of Cart Path Only. Year-to-Date financials through August are $303,802 positive to budget.

Golf Maintenance welcomed two new members to the team; Renze Berg as Director of Facilities and
Matthew Ayling as Golf Course Superintendent. August scheduled aerifications were completed. Year-to-Date financials through August are $25,793 positive to budget.

Racquets Operations

Racquets program bookings have slowed for the month, and morning and late afternoon inclement weather
has had an impact on daily play. A successful junior camp has wrapped up this month. Our specialized programs were well attended for the month. Year-to-date financials through August in our Fitness & Wellness departments are $24,120 positive to budget.

Wellness & Fitness

August is typically a quiet month, and this was no exception. September will see an uptick as seasonal
residents return. Balance & Stretch, Barre Fit Fusion, Pilates, Total Body Strength, and Chair-based balance & Stretch programs remain as our strongest attended classes.

UNIVERSITY PARK COUNTRY CLUB STATEMENT OF OPERATIONS

9/13/2026

1/5

YTD OPERATING RESULTS, 11 MONTHS THROUGH 8/31/26

Actual Results of UPCC Operations

Budget

$ Variance

% Change

COMMENTS

Total Revenues

$13,503

$13,177

$326

2.5%

Less: Outside Golf Capital Allocation

(268)

(239)

(29)

12.3%

10% of Outside Golf Allocated to Capital

Total Revenues, Less Capital Allocation

13,235

12,938

297

2.3%

Total Expenses

12,130

12,314

184

1.5%

Net Operating Surplus (Deficit)

1,105

624

481

77.1%

Net Operating impact

Revenues and Expenses, Details

Actual

Budget

$ Variance

% Change

Dues revenue

$6,056

$6,137

($ 82)

(1.3%)

Golf operations revenue

3,856

3,566

290

8.1%

Outside rounds exceeded the budget by 2,346
rounds. Merchandise sales $49K favorable to budget.

Dining operations revenue

3,036

3,017

19

0.6%

Racquets/Fitness/Other operations revenue

288

217

70

32.4%

Subtotal, Revenues

13,235

12,938

297

2.3%

Golf operations

1,741

1,725

(15)

(0.9%)

Golf maintenance

3,283

3,309

26

0.8%

Dining operations

4,117

4,221

103

2.5%

Food COGS 55k, Linens 27k, waste and

Racquets & Fitness operations

659

619

(40)

(6.5%)

General & Adm

2,330

2,440

110

4.5%

Payroll 95k & Insurance 18k

Subtotal, Expenses

12,130

12,314

184

1.5%

Net Operating Surplus (Deficit), net of $268k
outside golf capital allocation

$1,105

$ 624

$ 481

77.1%

Variance is $481k, 77.1% from budget

Strategic Club Solutions

$48

-

(48)

0.0%

Strategic Plan

Osprey Consulting

50

-

(50)

0.0%

Project Manager

General Fund - Transfers

237

237

-

0.0%

Subtotal, Non-Operating Expenses

336

237

(98)

(41.4%)

SURPLUS FOR OTHER RD NEEDS

$769

$386

$383

99.1%

UNIVERSITY PARK COUNTRY CLUB COMPARATIVE BALANCE SHEET AS OF AUGUST 31, 2026 AND 2025

9/13/2026

2/5

UPCC Operating Fund

Capital Irrigation Fund

Assets

Unaudited 8/31/26

Unaudited 8/31/25

Unaudited 8/31/26

Unaudited 8/31/25

Comments & Assumptions

Operating Cash & Short-Term Investments

$2,547

$1,388

Accounts Receivable

367

414

Inventory

306

295

Deposits & Prepaids

361

225

FY26 - Prepaid Insurance & Prepaid Cart Lease, software, sales tax etc.

Future Assessments based on BAN or Long-Term Bonds

6,065

5,922

Amounts drawn from BAN, $4,216 + Accrued Interest $14, Amounts borrowed from UPCC Capital Reserves, $1,835

Subtotal, operating assets

3,581

2,323

6,065

5,922

Board Designated Cash & Investments & Receivable from Irrigation Fund:

Operating Reserves

400

400

BOS designated for future use.

Capital Reserves & Short-Term Investments

1,376

571

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

1,835

1,835

Portion of irrigation project paid out of UPCC reserve funds

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

3,611

2,806

-

-

Property and Equipment - Net

26,421

24,770

Property and Equipment - CIP

251

1,007

-

-

TotaI Assets

$33,865

$30,906

$6,065

$5,922

Liabilities & Net Position:

Accounts Payable

Operations Related

$265

$260

Accrued Liabilities & Other Payables

292

238

14

28

Gift Cards & Store Credits

136

120

Subtotal, operating liabilities

692

617

14

28

Deferred Revenue

2,192

2,021

Capital Lease Obligations

2,009

418

New cart lease and GCM Equipment

Capital Projects Payable

25

2

Due to UPCC Operating Fund

1,835

$1,835

BAN Payable to Bank

4,216

4,059

Total Liabilities

4,919

3,059

6,065

5,922

Beginning Balance, Purchase of UPCC assets in 2019

16,750

16,750

-

-

Due From Capital Irrigation Fund

1,835

1,835

Prior Years' Operating Surplus

9,868

7,281

Current Period Non-Operating Surplus (Deficit)

(612)

1,557

Current Period Operating Surplus (Deficit)

1,105

424

Net Position

28,946

27,847

-

-

Total Liabilities & Net Position

$33,865

$30,906

$6,065

$5,922

UNIVERSITY PARK COUNTRY CLUB CAPITAL SOURCES AND USES AS OF AUGUST 31, 2026

9/13/2026

3/5

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

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 -2025 Initiation Fees

3,554

FY 2021-2025 10% Outside Golf

1,530

FY 2023-2025 Capital Dues

872

FY 2026 Interest on Investments

20

FY 2026 Initiation Fees

976

FY 2026 10% Outside Golf

268

FY 2026 Capital Dues

435

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

7,655

Capital raised through Operations

Total Sources of Capital

16,425

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

123

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

13,092

FY2026 Uses

2026, Golf Course Maintenance Equipment

36

2026, Back 9 Renovation

1,164

2026, Buildings, Varsity Club, Admin & Locker Room Renovation, Cart Barn Garage Doors

87

2026, Golf Club Rentals

12

2026, Grille - Kitchen Equipment

26

2026, Admin Furniture

3

2026, Security Cameras

23

2026, Exhaust Fan

3

2026, Front 9 Project

349

2026, Boardwalk Project

25

Subtotal, FY2026 Uses

1,729

Construction In Progress

2020, Master Plan Project

182

Garl Nix -Master Plan

69

Subtotal, CIP

251

Total Uses

15,072

Remaining Capital Reserves

1,352

Capital Account Balance at 8/31/2026

Due to operating capital from BAN or Bond

1,835

Total Capital Reserves

3,187

Balance with Irrigation Project repayment

UNIVERSITY PARK COUNTRY CLUB STATEMENT OF CASH FLOWS AS OF AUGUST 31, 2026

9/13/2026

4/5

MTD & YTD STATEMENT OF CASH FLOWS, 11 MONTHS THROUGH 8/31/26

August

MTD

YTD

Cash Flows From Operating Activities:

Cash Receipts From Members & Guests

$ 555

$ 14,073

Cash Payments To Vendors & Suppliers

(325)

(5,666)

Cash Payments To PBM Staff Serving UPCC & UPRD

(482)

(6,778)

Net Cash Provided (Used) By Operating Activities

(252)

1,629

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

Initiation Fees

$ 44

$ 986

Capital Dues

11

435

Purchase Of Equipment & Capital Projects

(101)

(847)

FEMA Proceeds

-

8

Payments to SCS/Osprey

(14)

(98)

Transfer to General Fund

-

(237)

Interest From Investments

10

71

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

(51)

317

Net Increase (Decrease) In Cash

(303)

1,947

Cash At Beginning Of Period

4,627

2,378

Cash At End Of Period

$ 4,324

$ 4,324

UNIVERSITY PARK COUNTRY CLUB MEMBERSHIP COUNTS AS OF AUGUST 31, 2026

9/13/2026

5/5

MEMBERSHIP COUNTS

CYTD Change

Beg. Aug

Additions

Resignations

Conversions

Total

Golf

Family - Resident

2

180

1

-

(1)

180

Family - Non Resident

-

75

-

-

-

75

Single - Resident

7

130

-

-

-

130

Single - Non Resident

1

72

-

-

-

72

10

457

1

-

(1)

457

Racquets & Fitness

Family - Resident

3

31

-

-

-

31

Family - Non Resident

(1)

14

-

-

-

14

Single - Resident

(1)

36

-

-

-

36

Single - Non Resident

1

26

-

-

-

26

2

107

-

-

-

107

Social

Family - Resident

(2)

455

3

(2)

-

456

Family - Non Resident

-

52

-

-

-

52

Single - Resident

6

212

3

(2)

1

214

Single - Non Resident

(6)

52

-

-

-

52

(2)

771

6

(4)

1

774

Total Memberships

10

1,335

7

(4)

-

1,338

Passes

CYTD Change

Beg. Aug

Net Change

Total

Fitness

7

151

1

152

Range

6

60

1

61

Pickleball

4

54

-

54

Twilight Tennis

(2)

17

-

17

SAP

8

138

-

138

23

420

2

422

Grandfathered

CYTD Change

Beg. Aug

Added

Resigned

Sold

Total

Members

(8)

180

-

-

-

180

Non-Members

(12)

129

-

-

(2)

127

(20)

309

-

-

(2)

307

University Park Recreation District Summary Operating Data
As of August 31, 2026

Rounds of Golf (as of August 31, 2026):

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

Overall revenue is $297k favorable to budget, driven primarily by Golf operations. Golf revenue is $290k favorable to budget (net of capital allocation), with higher outside rounds producing an $275k favorable variance in greens fees. Merchandise sales also surpassed budget, contributing an additional $49k favorable variance.
Food cost of sales ran favorable (44.2% of food revenue vs. a 46% target, -$55,461)

)

August

YTD

Actual

Budget

Variance

Actual

Budget

Variance

Member Rounds

1,931

2,410

(479)

39,176

45,897

(6,721)

Outside Rounds

1,471

1,812

(341)

25,211

30,133

(4,922)

3,402

4,222

(820)

64,387

76,030

(11,643)

August

YTD

Actual

Budget

Variance

Actual

Budget

Variance

Member Rounds

2,082

1,938

144

40,660

42,941

(2,281)

Outside Rounds

1,661

1,203

458

29,000

26,654

2,346

3,743

3,141

602

69,660

69,595

65

University Park Recreation District

Nominations and Appointment of Board Member for Vacant Seat

From: JOHN HADDOCK <ccmrp2@msn.com>
Sent: Friday, 07 August 2026 03:46:26
To: Vivian Carvalho <carvalhov@pfm.com>
Subject: Re: UPRD- Confirming Interest to Serve on the Board for the Vacancy

I am still interested

John Haddock
Sent from my iPhone

On Aug 6, 2026, at 11:03 PM, Vivian Carvalho <carvalhov@pfm.com> wrote:

Dear John,

I hope this message finds you well. I am reaching out on behalf of the Board of Supervisors regarding your application submitted on May 8, 2026, to fill the vacant position on the UPRD board.

The Board met on August 4, 2026, and has directed management to contact all candidates to confirm their continued interest in serving. If you are still interested in the position, please reply to this email confirming so at your earliest convenience. Your Bio will then be included in the agenda packet for the Board's consideration at the upcoming meeting scheduled for August 11, 2026.

We look forward to hearing from you. Please don't hesitate to reach out if you have any questions.

Regards,

ALERT: This message is from an external source.BE CAUTIOUS before clicking any link or attachment

Vivian Carvalho
Senior District Manager

PFM Management Services LLC
carvalhov@pfm.com | phone & text 407.723-5945 | web pfmmanagement.com Home
3501 Quadrangle Boulevard | Suite 270 | Orlando, Florida 32817

<image001.jpg>

John E. Haddock 7219 Chatsworth Court University Park, Fl 34201 Mobile 941-302-1074
ccmrp2@msn.com

RESTRUCTURING…INTERNATIONAL…MARKETING… MANUFACTURING…STRATEGY…ACQUISITIONS…BOARD EXPERIENCE

Highly successful career in specialty chemicals and stored power industries leading businesses from start ups to
$250 million in revenue, with multiple product lines and markets. Experienced leader who has consistently built and repositioned businesses for higher profits through organic growth, divestment and acquisitions. Strong international experience with assignments in Europe and Quebec and extensive interaction within global companies.

PROFESSIONAL EXPERIENCE
Valtris Specialty Chemicals, Independence, OH Board Member
Polymer additives company acquired by H.I.G. Capital in 2014 from Ferro Corporation.

2015 to 2024

MidOcean Partners-New York, New York A leading mid-market private equity fund

2007 to present

Management Affiliate
Advise on acquisitions and due diligence in the chemicals and stored power industries, as well as general industrials sectors.

AVESTOR – Boucherville, Québec
A leader in innovative stored power solutions

President and CEO

2005 – 2007

Recruited to take AVESTOR from a start up phase to commercialization into the markets and steer the company onto a path of growth and profitability. Took company through bankruptcy process and sold it when strategic direction of the two owners changed.
Signed $170MM deal with leading telecom as launch customer

•
•
•
•

Increased sales from $3MM in 2004 to 2006 run rate of $60MM, order backlog $200MM Improved cash flow by $90MM, excluding asset sales
Shut satellite plant allowing monetization of asset with $60MM gain Reduced SGA by 13%

UBS Capital Americas – New York, New York
A $1 billion private equity fund

2002 – 2005

Senior Advisor
Partnering with UBS to make acquisitions in the chemical industry, and then act as Chief Executive Officer.

Ferro Corporation – Cleveland, Ohio
A $2 billion producer of specialty chemicals

1999 – 2002

World-Wide Business Director-Pharmaceuticals and Fine Chemicals
Recruited to lead and accelerate growth of a declining chemical business. Full profit and loss responsibility. Directed all functions including sales, marketing, research, manufacturing and strategy of $110 million business.
Developed and implemented a strategy targeting pharmaceutical chemicals and services. Bought new platform company. Pharmaceutical sales grew organically 24% annually to $30 million.

•
•

Shifted remaining businesses to value-added customer focus, improving gross margins by over 20% Sold non-core flame retardant business and repositioned petroleum additive business.

Rhone Poulenc (Rhodia) – Cranbury, New Jersey
A $6 billion French producer of specialty chemicals

1990 – 1999

Vice President and General Manager – Coating and Construction Materials Chairman-RP Shared Services

(1995 – 1999)

Promoted to turn-around a group of under-performing product line units, with strategy to build a single market-driven organization. Full profit and loss responsibility for this new unit. Directed sales, marketing, manufacturing, research and strategic planning. Global leader for all RP activities at major paint companies including Dupont and PPG. Additional role as leader of Shared Services Group, overseeing service groups with 500 employees and $90 million budget.
Increased operating profit by 42% over 3 years. Tripled EVA.

•

Built customer partnerships and secured long-term supply contracts that increased market share in isocyanates by 5%, defoamers by 6%, and ink additives by 20%.
Reduced Shared Services costs by 10%.

•

Vice President and General Manager, Fine Organics Division

(1992 – 1995)

Responsible for $230 million product-based unit, producing a diverse range of fine chemicals and intermediates

for the chemical industry. Directed operations at six major sites, with asset base of $200+ million, operating budget of $50 million, and 500 employees. Led manufacturing, sales, finance, marketing, technical service and supply chain.
Increased annual operating profit from loss to an EBIT of $16 million in three years.

•

Increased free cash flow from negative to over $30 million per year.

Business Director-Silicones

(1991 – 1992)

Profit and Loss responsibility for $45 million silicone operation, manufacturing specialty elastomers for automotive and aerospace operations.

•

Reduced losses from $6 million per year to break-even through downsizing and product line rationalization.

Manchem – Princeton, New Jersey
$16 million producer of metal organic compounds.

1980 – 1990

President
Increased sales from $1 million to $16 million, EBIT from loss to positive $2.5 million.

Vice President and General Manager

(1980 – 1987)

Took over start-up company losing money. Changed focus from commodities to high margin specialties.

Sun Chemical – Carlstadt, New Jersey
Responsible for developing new ink systems for printing.

1972 – 1980

BOARD EXPERIENCE

Valerus Specialty Chemical AVESTOR

2015 to 2024
2005-2007

Education
MBA, Finance – Rutgers Graduate School of Management, Newark, New Jersey BS, Chemistry – Seton Hall University, South Orange, New Jersey Senior Management Program, INSEAD – Fontainebleau, France
Executive Management Program – Columbia University School of Business, New York City, New York

From: To: Subject: Date:

Vivian Carvalho Dale Otterman
RE: Open Board seat
Wednesday, August 5, 2026 10:56:00 AM

Thank you, Dale, for the confirmation.

Greatly appreciate you letting me know.

Take care,

Vivian Carvalho
Senior District Manager

PFM Management Services LLC
carvalhov@pfm.com | phone & text 407.723-5945 | web pfmmanagement.com Home 3501 Quadrangle Boulevard | Suite 270 | Orlando, Florida 32817

-----Original Message-----
From: Dale Otterman <daleotterman@gmail.com> Sent: Wednesday, August 5, 2026 10:00 AM
To: Vivian Carvalho <carvalhov@pfm.com> Subject: Open Board seat

ALERT: This message is from an external source.BE CAUTIOUS before clicking any link or attachment

Hi Vivian,
I just want to confirm that I am still interested in pursuing the open board seat. Thank you,
Dale Otterman

Dale Otterman
7919 Warwick Gardens Lane
941-544-6416 | daleotterman@comcast.net Social Member with Fitness Pass

For over 22 years, I have been deeply invested in the success of University Park. During that time, we successfully purchased UPCC, giving residents greater control over our future. The club is truly the heart of the community, and a majority of residents have supported continued investment in its improvement. This commitment helps ensure that University Park remains a premier club in the area.

If appointed to the board, I will follow through on approved improvements, protect financial stability while maximizing member value, enhance the value of our social memberships, and improve transparency and communication with residents.

My involvement in University Park includes four years on the Fitness & Wellness Advisory Group, participation in the Warwick Gardens Neighborhood Committee, and co-founder of Solo Connections.

Outside of the community, I served as a Guardian ad Litem for children in the dependency court, am a member of the League of Women Voters, and a volunteer for Embracing Our Differences.

I built my career in banking operations, serving as Vice President of Customer Information Services where I developed strong management and communication skills. I later founded and co-directed ParentPower, a nonprofit focused on increasing parental involvement in education. I also served as President of PTA/PTO organizations at all school levels and was elected to the School

Board, dedicating significant time to improving our public education.

I have always believed that when you benefit from a community, you have a responsibility to give back. I have been proud to do so in University Park and would welcome the opportunity to serve on the RD board as we continue our path of progress and success.

I bring proven leadership, strong communication skills and prior board experience. I am fully prepared to commit the time and effort this role requires. I respectfully ask for your support as we build a strong, financially sound community.

From: To:
Cc: Subject: Date:

Russell Piersons Vivian Carvalho
Racheal Meade; Kwame Jackson
Re: UPRD- Confirming Interest to Serve on the Board for the Vacancy Thursday, August 6, 2026 9:48:14 PM

I do. Rusty Piersons

On Thursday, August 6, 2026 at 06:02:01 PM EDT, Vivian Carvalho <carvalhov@pfm.com> wrote:

Dear Rusty,

I hope this message finds you well. I am reaching out on behalf of the Board of Supervisors regarding your application submitted on May 8, 2026, to fill the vacant position on the UPRD board.

The Board met on August 4, 2026, and has directed management to contact all candidates to confirm their continued interest in serving. If you are still interested in the position, please reply to this email confirming so at your earliest convenience. Your Bio will then be included in the agenda packet for the Board's consideration at the upcoming meeting scheduled for August 11, 2026.

We look forward to hearing from you. Please don't hesitate to reach out if you have any questions.

Regards,

Vivian Carvalho
Senior District Manager

PFM Management Services LLC
carvalhov@pfm.com | phone & text 407.723-5945 | web pfmmanagement.com Home
3501 Quadrangle Boulevard | Suite 270 | Orlando, Florida 32817

ALERT: This message is from an external source.BE CAUTIOUS before clicking any link or attachment

RUSSEL ‘RUSTY’ PIERSONS

UPRD Board Member
February 2023 – February 2026

Willowbend Country Club Board Member (2006 – 2011) Vice President (Second Term)

Qualifications and Relevant Experience

1.
2.

Served on the UPRD Board from February 2023 through February 2026. Served on multiple boards, including Willowbend Country Club (Vice President, second term) and United Way of Cape Cod.
Selected as the Board representative for the inaugural UPRD Strategic Planning Committee; delivered a comprehensive overview report to the Board.
Met with legal counsel and the plaintiff at the Board’s request to explore potential settlement or compromise options on our litigation; reported findings and recommendations back to the Board.
Owner of several growth-oriented companies with a focus on strategic planning, sales, and marketing, supported by strong fiscal discipline. Developed both long-and short-term strategies centered on profitability, growth, and expansion.
Consistently met or exceeded budgeted goals for revenue, expenses, and profit. Proven leader in change management and brand development.
Executive leader with a track record of identifying and developing high-performing talent, fostering a team-driven, customer-focused culture.

3.

4.

5.

6.
7.

8.

Honored my 2022–2023 campaign commitment to actively listen to residents and members, including past UPCC Board members, club staff, active and non-active members, and homeowners. I continue to engage with board members, general managers of other clubs, and club management companies to expand my knowledge and apply best practices for UPRD.
Established relationships with club consulting firms, such as Strategic Club Solutions.

9.

Commitment to the Supervisor Role
Will continue to bring the same level of dedication, time commitment, and positive, results-driven approach demonstrated over the past three-plus years on the UPRD Board, always prioritizing the best interests of residents and the district.
Maintained a significant time commitment as a Board member, including ongoing communication, feedback, and engagement with residents and members, while supporting club management and staff as needed.

Priorities for the UPRD (Short- and Long-Term)

1.

Support the Chair and fellow Board members while representing the perspectives of residents and members. Promote open dialogue to clearly define and align homeowner expectations.
Work toward a timely and diplomatic resolution of the ongoing legal matter involving UPRD.
Ensure engagement of a professional club consultant (Strategic Club Solutions) to evaluate all aspects of operations and provide recommendations aligned with UPRD’s (5year) strategic plan, financial position, and capital investment priorities—prior to further major expenditures. Outcomes must meet the long-term needs of the community while incorporating member input.
Following completion of the consultant’s work, implement Board-approved capital projects—such as the previously approved golf course irrigation system—within a realistic budget, on schedule, and with results that meet or exceed member expectations.
Promote a sustainable, profitable business model aligned with strategic planning and capital investment initiatives.
Continue holding UPRD Board meetings in accessible venues such as the Lakeside Room/Varsity Club to encourage transparency and community involvement.

2.

3.

4.

5.

6.

Assessing Current and Future Needs of UPRD

1.

Establish a Governance Committee to support the Board and ensure long-term stability, balancing member expectations with financial responsibility while maintaining consistent policies and direction.
Implement a standardized vendor bidding process to improve transparency and reduce the potential for favoritism.
Initiate discussion regarding potential expansion of the Board from five to seven members.
Increase resident involvement by forming committees that report to the Board, where appropriate, while remaining compliant with applicable regulations.
Set clear expectations and objectives for all committees, with a focus on fact-based, results-oriented reporting.

2.

3.

4.

5.

Personal Background
Bachelor of Science in Business and Economics, Ashland University
Extensive career in media, including newspaper, magazine, television, digital, social media, and sales
Entrepreneur and business owner; consultant with PGA of America

Board Candidate Profile
Experienced executive and business leader with a strong background in financial oversight, strategic planning, and team leadership. Proven ability to evaluate complex issues, make balanced decisions, and act in the best interest of stakeholders. Brings a collaborative, transparent approach to governance, with a focus on fiscal responsibility, community engagement, and long-term planning.

Core Qualifications

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Budgeting & Financial Oversight Strategic Planning & Governance Policy Development & Implementation Team Leadership & Consensus Building Vendor & Contract Evaluation Stakeholder & Community Relations Operational Efficiency & Cost Control

Professional Experience
Lighthouse Media Solutions - President / CEO September 2009 – December 2018

•

Founding Partner; built and scaled a multi-platform media company

Consultant - PGA Magazine / Metropolitan Golf Association March 2008 – March 2009

Cape Cod Life Publications - Partner / President June 2003 – March 2008

Cahners Publishing Company - Vice President, Supply Chain Division April 1993 – May 2003

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Managed division of 600+ employees with full P&L responsibility

Playboy Magazine - North Mid-west Sales representative

Education & Leadership
Ashland University, Ashland, Ohio
Bachelor of Science in Business / Economics
Varsity Baseball (4 years)

•
•

Student Government (2 years) Vice President, Senior Class

Community & Board Interest

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•
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•

Committed to supporting the community through: Responsible financial stewardship
Transparent decision-making
Fair and consistent policy enforcement
Long-term planning that protects property values and resident interests

From:
To:
Cc: Subject: Date:
Attachments:

Vivian Carvalho B and K Price
Racheal Meade; Ashley Quiros; Kwame Jackson FW: Board of Supervisors Interest – Bill Price Thursday, August 6, 2026 10:51:30 AM
UPCC BIO.pdf

Good morning, Bill,

Let this email serve as acknowledgment of your interest to serve on the UPRD Board for the open vacancy.

We will make sure your email, and Bio is included on updated agenda package that will be emailed and posted on the website on Friday afternoon.

Thank you again for your interest to serve on the Board of Supervisors of UPRD.

Regards,

Vivian Carvalho
Senior District Manager

PFM Management Services LLC
carvalhov@pfm.com | phone & text 407.723-5945 | web pfmmanagement.com Home
3501 Quadrangle Boulevard | Suite 270 | Orlando, Florida 32817

From: B and K Price <stanhopeplace2019@gmail.com>
Sent: Wednesday, August 5, 2026 7:53 PM
To: Vivian Carvalho <carvalhov@pfm.com>
Subject: Board of Supervisors Interest – Bill Price

Dear Vivian,

I am writing to re-express my interest in serving on the UPRD Board of Supervisors.

Attached is a brief summary of my relevant background and experience for your reference.

I look forward to the opportunity to contribute to the UPRD.

ALERT: This message is from an external source.BE CAUTIOUS before clicking any link or
attachment

Thanks,

Bill Price
513-477-1716
stanhopeplace2019@gmail.com

BILL PRICE
7027 STANHOPE PLACE

EDUCATION
Bachelor of Arts in Economics – DePauw University Juris Doctorate – Salmon P. Chase College of Law MBA – Xavier University

UNIVERSITY PARK
Karin and I moved into University Park in early 2019 and are full members of UPCC. We are Florida residents and spend 8 to 9 months in Florida. We have a second home in Cincinnati, Ohio.

BUSINESS EXPERIENCE
I spent my first 12 years of my legal career doing trial work primarily in federal courts. I was an equity partner for 7 of those 12 years and co-chair of the litigation department. My practice focused on life and disability insurance defense, general maritime/Jones Act defense, product liability, environmental related to inland river system and commercial litigation.

In January, 2024, I retired as Executive Vice President & General Counsel from a multi-billion dollar multi-national financial services company. I also served as CEO of our life insurance company for the last year plus before I retired

My professional career was defined by managing complex disciplines—including legal, audit, compliance, human resources and operations and solving complex business issues our company and the industry faced—including capital, regulatory (state and federal), finance, risk, investments, and actuarial. I also served on the Board of Directors for a majority of our subsidiaries, including our international subsidiaries, bringing my legal, compliance, audit and business knowledge to these entities.

My experience managing and working with multiple disciplines and businesses provides me with a unique combination of business, legal, and risk aptitude to traverse an array of challenges. I understand financial statements, budgets, governance, audit, legal and regulatory issues. I can comprehend complex issues and simplify those issues to an understandable level.
PUBLIC BOARD EXPERIENCE
Beyond the private sector, I was elected to and served four years as a member on the Oak Hills school board, one of the largest suburban school districts in Ohio. I focused on improving transparency within the community, implementing zero-based budgeting, curriculum focused on building a strong learning base, student achievement, and being the board representative to negotiate the teacher union contract.
I will bring these same skill sets and a focus on fiscal responsibility, governance, and clear communication to benefit our University Park community.

University Park Recreation District

Nominations / Appointment of Governance Committee Members

From: Vivian Carvalho <carvalhov@pfm.com>
Sent: Wednesday, July 29, 2026 8:26 AM
To: Klepper, William <wmk1@gsb.columbia.edu>
Cc: Scott Huebner <scott.huebner@universityparkrd.com>; Kwame Jackson <jacksonk@pfm.com>; Racheal Meade <meader@pfm.com>; Ashley Quiros <quirosa@pfm.com>
Subject: FW: UPRD Governance Committee Interest – [Your Name]

Good morning, Mr. Klepper,

Thank you for your email and your interest in serving on the newly created Governance Committee at University Park Recreation District.

Please let this email confirm that we received your email prior to the deadline of today, July 29, 2026, at noon. Your information will be provided to the Board accordingly.

Additionally, Scott Huebner, the liaison Board Member is copied on this email for awareness of your interest.

We appreciate you putting your name forward for consideration. The Board will be reviewing all emails and bios at the upcoming Board of Supervisors meeting scheduled for August 4, 2026.

If you have any questions in the meantime, please do not hesitate to reach out.

Regards,

Vivian Carvalho
Senior District Manager

PFM Management Services LLC
carvalhov@pfm.com | phone & text 407.723-5945 | web pfmmanagement.com Home
3501 Quadrangle Boulevard | Suite 270 | Orlando, Florida 32817

From: Klepper, William <wmk1@gsb.columbia.edu>
Sent: Thursday, July 23, 2026 9:22 AM
To: Vivian Carvalho <carvalhov@pfm.com>
Subject: UPRD Governance Committee Interest – [Your Name]

Dear Vivian,
I am writing to express my interest in serving on the Governance Committee.

ALERT: This message is from an external source.BE CAUTIOUS before clicking any link or attachment

Below is a brief summary of my relevant background and experience:

Why I’m Interested:

I recently retired from Columbia so now have the availability and desire to contribute, as well as governance is among my areas of expertise.
I look forward to the opportunity to contribute to the UPRD.

Sincerely,
Bill

William M. Klepper, PhD
Retired Academic Director, Executive Education and former Professor, Management
Columbia Business School FL address:
7172 Victoria Circle University Park, FL 34201 917-907-4100 (mobile)
https://www8.gsb.columbia.edu/cbs-directory/detail/wmk1 https://cup.columbia.edu/book/the-ceos-boss/9780231187503 T h e C E O ' s B o s s : Tough Love in the Boardroom, Second Edition
William M. Klepper, Columbia University Press, PUB DATE: January 2019

Vita
William M. Klepper, Ph.D.
Retired Management Professor and Academic Director Columbia Business School
Columbia University in the City of New York Geffen Hall, 212-854-3405 Cell: 917-907-4100
wmk1@gsb.columbia.edu

Recently mentioned:

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- and Turning to Corporations Instead
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Vox

2

Professional Profile

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Experienced executive with over fifty years of leadership in higher education Accomplished executive educator focusing on Executive Learning, Strategic Leadership, and Corporate Governance
Documented teaching excellence in Executive Education and MBA offerings Published author, case writer and presenter of data-driven thought leadership

•
•

Education
•

Ph.D., Saint Louis University, St. Louis, MO, 1975
Dissertation: “An Investigation of the Historical and Philosophical Development of the Management of Objectives (MBO) principle of Administration in Higher Education,”
Major: Education (General Administration in Higher Education) Minor: Quantitative Research Methodology.

•

M.Ed., Saint Louis University, St. Louis, MO, 1967
Major: College Student Personnel; Graduate Assistantship in Human Relations Department.

•

B.S., Saint Louis University, St. Louis, MO, 1966
Major: Biology; Minor: Chemistry with equivalent course work in Philosophy.

•

The Wharton School, University of Pennsylvania, 1979 Executive Education: Management and Administration.

Academic Honors and Recognitions

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Graduate Assistantship (Danforth Fellowship) Phi Delta Kappa
Alpha Sigma Nu Blue Key
Who’s Who in the East
Who’s Who in American Education Who’s Who in Business Education
Lima Central Catholic Hall of Fame (Professional Achievement) Lifetime Achievement Award by Marquis Who's Who
Saint Louis University, Alumni Merit Award
Saint Louis University, Honorary Doctor of Education (Commencement 2024)

3

Academic/Teaching Experience

•

Academic Director, Executive Education, 1996 – 2004, 2006 to present Columbia University, Graduate School of Business, chief academic officer, responsible for coordinating faculty resources, overseeing program design, teaching and conducting research. Design and develop open-enrollment and custom programs.

•

Professor of Management, 2006 to 2014 Columbia University Graduate School of Business, Executive Leadership, B7550, 3 semester credit hours.

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Faculty Director, Outstanding Directors Exchange partnership with Columbia Business School, 2007 to present, Corporate Governance case studies (see Scholarly Contributions).

•

Faculty, 1996 to 2005, Executive Education, Columbia University, Graduate School of Business
Open Enrollment Programs: Faculty director and teaches in the General Management Leadership Program, Faculty director and teaches in the Fundamentals of Management: Highlights of an MBA, faculty co-director and teaches in Managing and Interpersonal and Group Dynamics (EQ). Teaches in the Creating Breakthrough Strategy, Creating Learning

Organizations,

Negotiations,

Managing

Cultural

Diversity,

Sales

Management, Key Account Management and Columbia Senior Executive programs. Taught in the graduate business educational alliance between Columbia and the Beijing Management Institute in Beijing, China, a graduate

level course titled “Decision-Making Process and Skills” to prospective MBA faculty and students.

•

Adjunct Professor, 1986-1995, 2014 to present Columbia University Graduate School of Business, Executive Leadership, B7550, 3 semester credit hours; Managing Group and Interpersonal Dynamics, B8706, 3 semester credit hours.

Teachers College, graduate seminar, The Chief Student Affairs Officer

Custom Programs: Designed, developed, serves as faculty director and

teaches

in

customized

executive

education

programs

for

AT&T,

BankBoston, Bausch & Lomb, Bell Canada, BOC Gases, Bristal Meyers

Squibb, Chase Manhattan Bank, China Eastern Airlines, Altria(Philip Morris Companies), Aviva(CGNU), Deloitte Touche Tomatsu, DuPont, Ericsson, Finmeccanica, General Electric, GKN, Grand Metropolitan, Johnson & Johnson, KONE, M&T Bank, Nabisco, Novartis, Pfizer, Roche, SAP, Sony, StorageTek, Sun Microsystems and White Eagle Industries (Poland).

•

Coordinator and Faculty, The College of New Jersey (formerly Trenton State College), 1971-1996

4

School of Arts and Sciences: Interdisciplinary Core Faculty, Athens to New York, IDSC 201, 3 semester credit hours.

Coordinator and Faculty, Human Relations Department, Dynamics of Leadership, HUR 250, 3 semester credit hours.

Counseling & Personnel Services: Graduate Faculty, Organization and Administration of Student Personnel Services, SPG 660, 3 semester credit hours.

Teaching Evaluations

•

Executive Education teaching evaluations consistently fall between 4 and 5 on a 5-point scale which 5 is the top score. Detailed evaluations are available from the Executive Education department, Columbia Business School Evaluation of B7550(Executive Leadership) teaching on a 5-point scale which 5 is the highest score, Median score of 5 overall. Detailed evaluations are available from Columbia Business School
Evaluations of B8706(Managing Group and Interpersonal Dynamics) teaching on both a 7-point and 5-point scale, which 7 and 5 are the highest score, fall into the top segment of the range – above 6 or 4. Detailed evaluations are available from the Columbia Business School

•

•

Highlights of Professional Experience
Columbia University, Graduate School of Business, Academic Director, Executive Education, 1996 -2004; 2006 to present

⮚

No.1 Executive Education program worldwide (Financial Times 2000, 2001, 2002, 2003)
Identified Instructor and faculty resources to conduct programs.

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⮚

Established criteria for use of external resources and oversee all contractual and organizational details including, but not limited to hiring criteria, teaching objectives, instructor evaluations and incentives, and program topics.
Identified potential opportunities for additional programs and for increasing revenue, including promotion and marketing programs in collaboration with the departmental staff.
Participated in account management programs.
Coordinated with individual program faculty directors and their ongoing initiatives.
Assisted in developing overall Executive Education program strategies and policies and contribute to the creation of new business development opportunities.
Remained current on external initiatives regarding organizational development, adult learning and executive development

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•

The College of New Jersey, (formerly Trenton State College), Vice President for Student Life (formerly the Dean of Student Life), 1985-1996
Leadership in Student Affairs documented in Effective Leadership in Student Services (Clement and Rickard, 1992).

5

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Chief student affairs officer of the College. Served as Executive Officer of the College,
Administrative Member of Governance Steering Committee Chairperson of Student Center Board of Governors Member of the College Foundation Board
Direct administrative responsibility for divisions of Auxiliary (Conference and Meeting and Contracted Services), Athletics Intramural and Recreation Services, Community Development Services (Campus Life and Residence Life), and the individual development offices of Counseling Services, Child Care Center, Health Services, Special Services, and Campus Ministries

Director of Group Student Development Services, 1974-1985
A nationally recognized program model for creating a sense of community on the campus.
Direct administrative responsibility for Residence Life, Student Life, Housing, Student Center, Auxiliary Services, Conference and Meeting Services, and Corporate Services.

Director of Housing, 1971-1974
Implemented the Intentional Democratic Community residence model
Developed and implemented the Community Advisor peer assistant role
Direct responsibility for the on and off-campus housing program -- 2,200 students on campus and referral services for off-campus and apartment complexes in the area of the college.

•

Saint Louis University, Associate Dean of Students, 1969-1971
Designed and developed Educational Living Center for first year students
Direct responsibility for the undergraduate and graduate/professional student housing program -- 1,900 residence spaces and 100 apartments.

•

University of South Carolina, Assistant Dean of Men, 1967-1969
Entry position into Higher Education career path
Direct responsibility for the men’s residence hall program while assisted

with

fraternities, and counseled individuals and groups -- 3,500 on-

campus spaces.

Scholarly Contributions
The six pitfalls of succession planning by W. Klepper, R. McGrath and C. Wilson, Research Insight, Advisor Management Institute, New York Life, February 2024 Featured presenter of research at Forbes-Snook, Miami, FL, February 21, 2004

ExecOnline: It Takes a Leader to Broaden Access to Leadership Development by William Klepper, Columbia CaseWorks, Fall 2022

What It Takes To Change To The New Normal William M. Klepper, Ph.D. Columbia Business School, TRACOM, 2021

6

The CEO’s Boss: Tough Love in the Boardroom. Columbia University Publishing, 2^nd Edition, 2019.

Volunteering for Conflict? by William Klepper, Columbia CaseWorks, January 18, 2018.

Corporate Culture in the Headlines: A View from the Boardroom, panelist, NACD, New York City, November 16, 2017.

Wells Fargo and Company: Corporate Governance Crisis by William Klepper, Columbia CaseWorks, June 9, 2017.

Wounded Warrior Project in 2016, by William Klepper, Columbia CaseWorks, October 28, 2016.

Demoulas Market Basket: A Governance Challenge by William Klepper, Columbia CaseWorks, November 10, 2015.

Governance and Managing Change in the Company of the 21^st Century by William Klepper, in Reinventing the Company in the Digital Age, BBVA, 2014.

Wounded Warrior Project: Leading from the Front by William Klepper, Columbia CaseWorks, July 24, 2014.

Procter & Gamble: CEOs, Strategy, Activists and the Board’s Handling of Them, Case Study, ODX 2013

Columbia Business School Alumni Club of New York, The Pillars of Leadership: The Klepper Integrated Leadership Model, The Conference Center, New York City, June 20, 2013.

Integrated Leadership in the C-Suite, IPADE (Mexico), March 6-8, 2013.

Hewlett-Packard: Its Board, Its CEOs, Its Business Case Study, ODX 2012.

Leadership Credo by William Klepper and Yoshie Tomozumi Nakaura, IEDP, Issue 8, 2012.

Integrated Leadership and the Social Contract for Change, IEDP, May 24, 2012.

BP: A Company in Peril by William Klepper, Columbia CaseWorks, April 12, 2012

BP Oil: A Company in Peril (B) by William Klepper, Columbia CaseWorks, April 13, 2012

Corporate Leadership and the Personal Leadership Credo by William Klepper and Yoshie Tomozumi Nakamura, Columbia CaseWorks, December 2011

7

The Client Who Fell through the Cracks (A&B) by Mary Gentile and William Klepper, Columbia CaseWorks, May 2011.

Caught in the System: Felipe Montez and Concerns about the Global Supply Chain, Case Study by Mary Gentile and William Klepper, Columbia CaseWorks, May, 2011

“Tough Love in the Boardroom,” Effective Executive, ICFAI, August 2010.

BP: A Company in Peril?, Case Study, ODX 2010.

The CEO’s Boss: Tough Love in the Boardroom. Columbia University Publishing, May, 2010

Good to Great to Gone, Circuit City Case Study, ODX, 2009.

“What Effective CEOs Have Yet to Learn,” Effective Executive. ICFAI, January, 2009.

Lehman’s Collapse: The Board, the CEO and the Risk, Case Study, ODX, 2008

Leadership, Innovation and Culture: Lessons Learned from Jet Blue, Case Study, ODX, 2007.

“What CEOs Have Yet To Learn,” Columbia Business Schools Alumni E-Newsletter, March 30, 2005

“Klepper Leadership Model,” Key Account Management and Planning, Simon & Schuster, 2002.

“How educational initiatives are aligned with business objectives: the problem-solving process employed by Columbia Executive Education.” 2000 edition of International Executive Development Programs, London, England: Kogan Page.

“Institutional Issues Facing Student Affairs.” State of the Art Preparation and Practice in Student Affairs. American College Personnel Association, scheduled for publication, 1998.

“Hate Speech: A Call to Principles.” NASPA Journal. 35, 39-45, Fall 1997.

“Achieving Community: Where Are We in 1995?” NASPA Region II Newsletter, Winter, 1996.

“Crime Prevention: Role of the Campus Security Group.” The Campus Community Confronts Sexual Assault: Institutional Issues and Campus Awareness, Holmes Beach, FL: Learning Publications, 1994.

“When Hate Speech Comes to Call.” NASPA Region II Newsletter, Fall, 1994.

8

“A Call for Community.” The Bulletin, Bloomington, Indiana: Association of College Unions-International, July, 1992.

“Retrenchment May Be Survival Strategy.” NASPA Region II Newsletter, Fall, 1991.

Increasing Retention-Academic and Student Affairs Administrators in Partnership, New Directions for Higher Education, no. 60, San Francisco: Jossey Bass, 1987. “The Role of Institutional Research in Retention.” Chapter 3. “The Benefits of Consortium Partnership.” Chapter 6.

“Student Government in China.” NASPA Journal, 25, 169-173, Winter 1988.

“College Unions/Activities Contribute Significantly to Campus Retention.” The Bulletin, Bloomington, Indiana: Association of College Unions International, May, 1987.

“What is the Business of the College Union-Education or Entrepreneur?” The Bulletin, Bloomington, Indiana: Association of College Unions International, October,1984.

“Creating a Safe Environment.” Auxiliary Services, Stanton, VA: National Association of College Auxiliary Services, 1984.

“Asbestos.” Auxiliary Services, Stanton, VA: National Association of College Auxiliary Services, 1983.

“Assessment Models: The Interaction Between Students and College Unions.” The Impact of College Unions and Their Programs on Today’s Students. Stanford, CA: Association of College Unions-International. 9, 1981.

“What is the Impact of the College Union Program on Today’s Student?” The Bulletin, Stanford, CA: Association of College Unions-International. 46, 1978.

“Evaluation: A Commentary.” Residence Hall Programming. Columbus, OH: Association of College and University Housing Officers-International. 11, 1977.

“Group Student Development Services.” The Future of Student Affairs. San Francisco: Jossey-Bass, Inc. 1976.

“A Training Program for the Community Advisor.” Student Staff in College Residence Halls. Washington, DC: American College Personnel Association, 39-64, 1975.

“Dynamics of the School Board.” School Board Journal. Trenton, NJ: New Jersey Board Association, 1975.

“Introduction.” Apartment Type Student Housing. Columbus, OH: Association of College and University Housing Officers-International, 1972.

9

“A New Model for the Chief Student Personnel Worker in Higher Education.” NASPA Journal. Washington, DC: National Association of Student Personnel Administrators, 10 (1), 1972.

“Letter from the Editor.” Journal of College and University Student Housing. Columbus, OH: Association of College and University Housing Officers-International. 1971-1977.

Columbia University and Business School Service
Chairman, Advisory Board, J.M. Huber Institute for Learning in Organizations

•
•
•

Presenter, Columbia Business School New Student Orientation Presenter, Columbia Business School Alumni Reunion Program
Presenter, Columbia Business School Alumni Clubs (Mexico City; New York, Saint Petersburg, FL)

Consulting Services -- Business Clients

Aegion Corporation Adolor Corporation Bowne Financial Printing Chase Manhattan Bank Deloitte
Estee Lauder Frog Design Gucci HACR
Henry Schein Keysight
Microsoft of Latin America New York Life
Nabisco
Petros Capital Management Pfizer
Playtex SAP WMS
Wounded Warrior Project

•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•

Professional Service (Student Affairs Administration)

•

National Association of Student Personnel Administrators (NASPA): Co-director of 12-school consortium for Intentional Student Development and Retention in the Mid-Atlantic Region
NASPA Region II Chief Student Affairs Officers Conference Chair NASPA Mid-Atlantic Think Tank member
National Association of College Auxiliary Services (NACAS), Chairman of Education Committee
NACAS Journal, Editorial Board member.
Association of College and University Housing Officers-International (ACUHO-I), President Mid-Atlantic region

•
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•

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10

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ACUHO-I, Founding Editor of College and University Housing Journal ACUHO-I, Chairman of Research Information Committee
Association of College Unions-International (ACUI), Chairman of Publications Committee
ACUI, Feature Editor ACUI, Monograph Editor.

•
•

11

Community Service
President, Mercer County Board of Chosen Freeholders

•
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Mayor, Ewing Township, New Jersey President, Ewing Township Board of Education
Member, The Urban League of Metropolitan Trenton Advisor, Wounded Warrior Project
Saint Louis University National Alumni Board (2017-2019)

Professional Affiliations
Academy of Management

•
•

International Consortium for Executive Development Research International University Consortium for Executive Education

12

From: Vivian Carvalho
Sent: Wednesday, July 29, 2026 8:24 AM
To: 'Henry Resnikoff' <resnikoffhenry@gmail.com>
Cc: Kwame Jackson <jacksonk@pfm.com>; Scott Huebner <scott.huebner@universityparkrd.com>; Racheal Meade <meader@pfm.com>
Subject: RE: UPRD Governance Committee Interest – Henry Resnikoff

Good morning, Mr. Resnikoff,

Thank you for your email and your interest in serving on the newly created Governance Committee at University Park Recreation District.

Please let this email confirm that we received your email prior to the deadline of today, July 29, 2026, at noon. Your information will be provided to the Board accordingly.

Additionally, Scott Huebner, the liaison Board Member is copied on this email for awareness of your interest.

We appreciate you putting your name forward for consideration. The Board will be reviewing all emails and bios at the upcoming Board of Supervisors meeting scheduled for August 4, 2026.

If you have any questions in the meantime, please do not hesitate to reach out.

Regards,

Vivian Carvalho
Senior District Manager

PFM Management Services LLC
carvalhov@pfm.com | phone & text 407.723-5945 | web pfmmanagement.com Home
3501 Quadrangle Boulevard | Suite 270 | Orlando, Florida 32817

From: Henry Resnikoff <resnikoffhenry@gmail.com>
Sent: Wednesday, July 22, 2026 2:04 PM
To: Vivian Carvalho <carvalhov@pfm.com>
Subject: UPRD Governance Committee Interest – Henry Resnikoff

Dear Vivian,
I am writing to express my interest in serving on the Governance Committee.
Below is a brief summary of my relevant background and experience (or I have attached my resume for your reference):

ALERT: This message is from an external source.BE CAUTIOUS before clicking any link or attachment

Background & Experience:
I have been a real estate developer for the last 49 years and was previously an economist working in Washington D.C.

Over the last many years while serving on various non-profit boards I became involved in reviewing and writing bylaws from scratch. This led me to develop a deep interest in governance particularly for not-for-profit organizations.

My wife and I have lived in UPCC for 8 years and became full-time, year-round residents in September 2025.

Why I’m Interested:
I served on the Whitebridge Neighborhood Committee for six years and the Infrastructure Committee (no longer active), and I have been very interested in the rewrite of the governing articles of UPCC. Whitebridge, in particular, required a lot of attention to the CCRS. Even during the recent group interviews of residents I brought up governance issues as a key factor that need attention to resolve the existing somewhat mystifying and chaotic way UPCC is run. I believe there are basic resident driven decision paths that can easily be created to foster a more cohesive and better governed community. I hope I can participate on this committee in an open dialouge with others to make suggestions for an easier and more inclusive path to governance.

I look forward to the opportunity to contribute to the UPRD.

Sincerely,
Henry B. Resnikoff resnikoffhenry@gmail.com 860-575-5988

From:
To:
Cc: Subject: Date:
Attachments:

Vivian Carvalho Chris Edwards
Kwame Jackson; Racheal Meade; Scott Huebner
FW: UPRD Governance Committee Interest – Chris Edwards Thursday, August 6, 2026 12:26:56 PM
Chris Edwards UPRD Governance Committee Membership Interest.docx

Good morning, Mr. Edwards,

Thank you for your email and your interest in serving on the Governance Committee at University Park Recreation District.

Please let this email confirm that we received your email prior to the deadline of Friday, August 7, 2026, at noon. Your information will be provided to the Board accordingly.

Additionally, Scott Huebner, the Board liaison of the Committee is copied on this email for awareness of your interest.

We appreciate you putting your name forward for consideration. The Board will be reviewing all emails and bios at the upcoming Board of Supervisors meeting scheduled for August 11, 2026.

If you have any questions in the meantime, please do not hesitate to reach out.

Regards,

Vivian Carvalho
Senior District Manager

PFM Management Services LLC
carvalhov@pfm.com | phone & text 407.723-5945 | web pfmmanagement.com Home
3501 Quadrangle Boulevard | Suite 270 | Orlando, Florida 32817

From: Chris Edwards <chris0550@pm.me>
Sent: Wednesday, August 5, 2026 10:56 AM
To: Vivian Carvalho <carvalhov@pfm.com>
Subject: UPRD Governance Committee Interest – Chris Edwards

Dear Vivian,

I am writing to express my interest in serving on the UPRD Governance Committee.

ALERT: This message is from an external source.BE CAUTIOUS before clicking any link or
attachment

A summary of my Background, Experience and Why I'm Interested is attached for your
reference.

I look forward to the opportunity to contribute to the UPRD.

Sincerely,

Chris Edwards 248.496.0550
chris0550@pm.me

Sent with Proton Mail secure email.

Chris Edwards’ UPRD Governance Committee Membership Interest

•

Personal Information

o o o o o

Chris Edwards
6509 Berkshire Place University Park FL 34201 248.496.0550
chris0550@pm.me

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UPRD Experience

o o o o o o

UP Homeowner since 2005
Reside in UP from October through June
Reside in Michigan from July through September Full member of UPCC
Served as an advisor to the RD Board when Jim Case was Chair Served as member of the RD Business Plan Committee when Sally Dickson was Chair
Member of the Hampton Green Neighborhood Committee

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Professional Experience

o o o

IBM, Sales Executive
Kelly Services, Vice President Managed Services
Renaissance Executive Forums Michigan, Founder and Business Leadership Advisor & Coach
The CEO Advantage, Co-Founder and Business Leadership Advisor & Coach
Trinitas Advisors, Co-Founder and Business Leadership Advisor & Coach
Align To Win, Founder and Business Leadership Advisor & Coach

o

o

o

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Why I’m Interested in Being a Member of the RD Governance
Committee
I believe my experience as a senior level corporate executive, business leadership advisor and coach and understanding of UPRD’s governance structure and governing documents can help the RD Board develop the clarity and alignment that is essential for
UPRD’s long-term success.

From: Vivian Carvalho <carvalhov@pfm.com>
Sent: Wednesday, July 29, 2026 8:31 AM
To: Dean Matt <muchodeanaero@aol.com>
Cc: Scott Huebner <scott.huebner@universityparkrd.com>; Kwame Jackson <jacksonk@pfm.com>; Racheal Meade <meader@pfm.com>; Ashley Quiros <quirosa@pfm.com>
Subject: FW: Call for UPRD Volunteers for Governance Committee

Good morning, Mr. Matt,

Thank you for your email and your interest in serving on the newly created Governance Committee at University Park Recreation District.

Please let this email confirm that we received your email prior to the deadline of today, July 29, 2026, at noon. Your information will be provided to the Board accordingly.

Additionally, Scott Huebner, the liaison Board Member is copied on this email for awareness of your interest.

We appreciate you putting your name forward for consideration. The Board will be reviewing all emails and bios at the upcoming Board of Supervisors meeting scheduled for August 4, 2026.

If you have any questions in the meantime, please do not hesitate to reach out.

Regards,

Vivian Carvalho
Senior District Manager

PFM Management Services LLC
carvalhov@pfm.com | phone & text 407.723-5945 | web pfmmanagement.com Home
3501 Quadrangle Boulevard | Suite 270 | Orlando, Florida 32817

From: muchodeanaero@aol.com <muchodeanaero@aol.com>
Sent: Saturday, 25 July 2026 11:57:26
To: Vivian Carvalho <carvalhov@pfm.com>
Subject: Fw: Call for UPRD Volunteers for Governance Committee

Hi Vivian -

ALERT: This message is from an external source.BE CAUTIOUS before clicking any link or attachment

when I clicked on your email address hyperlink I received the following:

Nonetheless, I am interested in serving on the Governance Committee being formed:

Dean Matt
7006 Lancaster Ct Henley
MuchoDeanAero@aol.com 630.248.0646

Vivian -

I am interested in serving on the Governance Committee being formed.

Pertinent Background:

Retired, 40+ years in senior financial and operational roles in acquisitive companies in a variety of industries

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MBA - Finance with a minor in Corporate Governance; University of Chicago Participated or led $500 mm of debt and equity raises (IPO, private equity, VC) resulting in over $3 billion of successful exits
Integrity and Ethics, RIGHT v. WRONG:
As SVP Finance and Head of Investor Relations in a Chicago-based aircraft leasing company, I uncovered a $100 mm Ponzi scheme being perpetrated by the CEO
At great personal sacrifice [predictably, being terminated] I blew the whistle and worked closely with the DOJ - Northern District of Illinois, FBI,
SEC and other agencies to protect over 250 individual investors
Result: I was the government's key witness in an 8 week-long trial. The CEO and CFO went to prison. An unheard of 100% of investor money was recovered
Recommended that UPRD establish a Governance Committee two years ago, over objection of the, then, Board of Supervisors
Filled a vacuum here at UPRD in holding the actions of UPRD Supervisors and employees accountable when they failed to do so themselves and when UPRD attorneys did not provide customary oversight to ensure UPRD would steer well-clear of legal and financial liability
Result: nefarious actions have been exposed leading to:
Resignations of offenders
Improvements to voting rules
Improvements and transparency to Public Records Requests (obligations and procedures)
Awareness that OUR CORE VALUES were being purposefully ignored to the detriment of ALL residents
Awareness of Censorship and Defamation by Supervisors and employees

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Need and Philosophy:

Not everyone operates with the highest of integrity or ethics. This is human nature.

This is why there are referees and umpires, ethics committees, judges and juries, internal audit departments and other mechanisms to provide oversight to sports, government, companies and more
University Park is not exempt from the need for such oversight
The people in these oversight roles need to be beyond reproach. They need to call balls and strikes without bias. They need to act as Lady Justice with a blindfold.

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The goal of a Governance Committee at University Park is to keep the organization and its leaders, managers, employees and, thus, its residents insulated from legal jeopardy and potential financial jeopardy that may result from bad actions (purposeful or unintentional)
The people comprising the Governance Committee should come from a variety of known viewpoints and must check their agendas at the door for a common
goal: the betterment of UPRD and protection of the interests of its residents.
Selecting Governance Committee members must go beyond selecting folks based on partisan viewpoints. Member selection must not be a popularity contest. If the fox guards the henhouse the UPRD will have done nothing to protect itself and assure residents that rules, procedures, and OUR CORE Values are being followed for the benefit of the entire community.
By identifying potential issues and working with UPRD attorneys and Supervisors, the UPRD Governance Committee should seek to identify potential issues and solutions as early in the process as possible.

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I have provided UPRD countless recommendations for improvements in its governance...most have been ignored...including the need for a Governance Committee in the first place.

Just the presence of an internal audit department in a company sends a signal as to behaviors expected. The same holds true for having a Governance Committee: Supervisors, management, agents' and residents' behavior will be influenced knowing that DOING THE WRONG THING will be called out and addressed.

Finally, I hope that the Governance Committee is like the Maytag Repairman: rarely needed to step in to provide guardrails to the activities of the Board Supervisors. All residents want and expect from their leaders is to:

Follow the rule of law

Act in accordance with OUR MISSION/VISION/CORE VALUES
Act transparently
Hold themselves accountable
Act ethically and with integrity and with no hidden agendas
Not participate or lead nefarious activities such as censorship or defamation
Act as fiduciaries for ALL residents and conduct proper due diligence in large financial matters

If our current and future Supervisors and Committee members follow these ideals, then the Governance Committee will not have much work to do. More importantly, residents will rest easy and unite knowing that these leaders are DOING THE RIGHT THING.

Summary:

I have the demonstrated track record in understanding and implementing RIGHT from WRONG actions in corporate governance and in assuring a level playing field for all stakeholders and look forward to serving with like-minded residents to provide oversight [as needed] in UPRD.

Dean Matt
aka MuchoDeanAero aka The Pickleball Pilot 630.248.0646

MuchoDeanAero - aviation adventures and the home of The World Record 48-48-48 Pickleball Challenge

Golf Gear - golf accessories
Gone to Pot Book - cannabis industry non-fiction

----- Forwarded Message -----
From: University Park RD <uprdmessage@universityparkrd.com>

Steve Parkinson

Candidate For Member Of UPRD Governance Committee August 2, 2026

7004 Stanhope Place, University Park, Florida 34201

(direct): 941-359-0510 (cell): 941-225-5859

e-mail: stevepknsn@aol.com

Built home in Stanhope Gate 2004.
Year-round resident of UPCC for 22 years.

CAREER

26 years as CEO of 4 biotech/ pharmaceutical development companies, including, one taken public.

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Over 40 years in start-up and development stage biotech/biopharma companies. Raised over $200M in private/public equity financing and corporate investment. Accomplished senior executive with strong scientific background in microbiology and business, including P&L, deal making and personnel management.
Memberships of multiple professional organizations and boards of directors over several decades.

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EDUCATION

Degrees in life sciences (microbiology) and marketing from Heriot-Watt and Napier Universities in Edinburgh, Scotland.

PERSONNAL

Born in Edinburgh, Scotland. Moved to the USA almost 32 years ago – 12 years in Massachusetts and 20 years in Florida.

Wife Julie, two daughters and four grandchildren.

Page 1 of 2

WHAT DO I BRING TO THE COMMITTEE

I have spent most of my career convincing a wide variety of people, especially investors, of my personal integrity and honesty. In doing so I have had to establish trust and credibility and overcome investor’s cynicism of ‘it sounds too good to be true’ pitches. I have managed hundreds of people of widely divergent backgrounds and conducted complex and difficult negotiations in varied commercial and regulatory collaborations – I know how to set realistic goals and compromise to get a deal done.

In serving on many different boards, I have worked with many lawyers, accountants, advisors and government regulatory agencies. I bring education, intelligence and common sense along with tough business experience, including fiduciary and financial responsibility, to the committee.

I participated in various town halls and other meetings and discussions pertaining to the purchase of UPCC from the developer, the establishment of the UPRD and the 2019 bond and matters and issues arising from the transition.

Since retiring three years ago, I have become more actively involved in the community including attending UPRD board and workshop meetings, town halls and other community meetings.

MY VIEWS ON THE UPRD

Maintenance of the club facilities to ensure excellent operational standards is a top priority. Expeditious completion of ongoing improvements including golf irrigation are essential and evaluation and execution of other meritorious projects and upgrades are high priority. Competitiveness, especially pertaining to the golf course, is a long-term focus.

The UPRD must establish a solid Business Plan including long-term planning for essential maintenance and modernization. Operational revenue should be maximized through fair but value-based membership fees, and funding sources for improvement projects should be extensively explored with a fair balance of creative funding vehicles, including sponsorships, commercial funding and member support.

Most of all, I stand for open transparency and exhaustive communications with all UPCC residents to engage with them, communicate with them and get their opinions, participation and involvement with the club to support those on the BoS who represent their hopes and wishes for the club.

Page 2 of 2

University Park Recreation District

Consideration of Finance Committee Recommendations & Request:

a.
b.
c.

Banking Relationship Capital Dues Increase Fitness Equipment

Proposal to Change University Park Recreational District’s Primary Banking Relationship
September 2026

1

Executive Summary

Request: To recommend to the University Park Recreational District’s (“UPRD”) Board of Supervisors to change their primary banking relationship from Chase / JP Morgan (“Incumbent Bank”) to Regions Bank (“Regions”).
History: The Finance Committee (“Committee”) reviewed UPRD’s banking relationships and future needs in February and March 2026. Based on this review the Incumbent Bank was approached to consider providing UPRD with a purchase card program and revolving line of credit. The incumbent bank was not interested in providing credit services to UPRD. Based on this response the Committee recommended we issue a formal Request for Proposal (RFP), to multiple financial institutions to shop our primary banking relationship. The Board of Supervisors approved the issuance of an RFP in June 2026 using PFM Financial Advisors, LLC (“PFM”) to conduct the independent process.
PFM issued the RFP to more than 100 financial institutions and / or capital market companies, with three showing interest and two providing written responses. The third bank made initial inquiries and elected to pass on the opportunity, due to their inexperience in working with recreational districts, the complexity of our organizational structure and related bond issues. The Incumbent Bank elected not to respond to the RFP, which is not a surprise given their lack of interest in providing UPRD with a line of credit or purchasing card program.
The two banks submitting written responses were Regions and First Horizon Bank. Both Banks are investment grade entities based on their most recent bond ratings and they are Ǫualified Public Depositories to provide financial services to Florida governmental entities. Both banks offered comparable deposit products and purchasing card programs with favorable security features. Both banks offered a Revolving Line of Credit (“RLOC”) in the amount of one million dollars ($1,000,000).
After reviewing the two proposals^1, a series of additional clarifying questions were submitted to the Banks by PFM. Regions provided good clarity to our questions; however, the questions related to their RLOC’s proposed covenants and security terms, will need better clarity and understanding based on future discussions with the respective legal counsels representing Regions and UPRD.
In follow-up to our questions, and to our surprise, First Horizon^2 withdrew their RLOC proposal.

^1 Initial review of the two proposals was conducted by PFM, Paul Fay C Craig Dwight.
^2 UPRD should find out why First Horizon withdrew their RLOC proposal and what their perceived credit risks are, and if they are willing to comment.

2

Reasons to Consider Regions:

1.

Regions Bank is well known to UPRD through its municipal finance division, which issued the Bond Anticipation Notes and worked cooperatively to identify repayment alternatives and to extend maturity dates. Overall, Regions is familiar with UPRD, and UPRD is similarly familiar with Regions.
Region’s branch is conveniently located to assist with our coin and currency needs. Region’s most recent SCP Global bond credit rating is considered investment grade with a rating of BBB+.
They are a Florida State Ǫualified Public Depository, which means they are approved to offer banking services to State and local governmental entities.
Primary deposit products and services are comparable to the programs currently offered by our Incumbent Bank and First Horizon; however, Region’s appeared more willing to work with UPRD regarding sweeping excess balances to interest bearing accounts. As a result, Regions overall cost to maintain our deposit accounts was lower that First Horizon.
Chase’s overall cost to maintain deposit accounts appears lower; however, UPRD must manually invest excess cash and is therefore most likely not maximizing investment returns because of timing delays and excess balances left in its primary deposit accounts. Therefore, Region’s proposal is superior due to ease of investing and ability to maximize investment returns.
Region’s purchase card program is comparable to First Horizon’s proposal and both offered
security features that if properly maintained will protect UPRD from several key risks. (Note: UPRD will need to establish a policy and user guidelines in conjunction with the Bank at a future date.)
Region’s RLOC proposal was superior to First Horizon’s proposal. (Note: the security to collateralize the loan and loan covenants are still under discussion and will be determined after the respective attorneys for Regions and UPRD review.)

2.
3.

4.

5.

6.

7.

8.

See Attached Exhibit A for Detailed Bank Comparison Chart.

3

Exhibit A
Detailed Bank Comparison Chart

^3 Chase includes maintenance, volume fees, ach services, quick deposit, also an earnings credit on excess deposits.
^4 Chase’s, average yield on “UPRD’s manually invested funds”, is approximately 3.5%.
^5 Region’s current interest rate can be found on page 8 of their RFP response.
^6 First Horizon’s interest rate can be found on page 117 of their RFP response.
^7 Regions net fee calculation can be found on pages 10 C 11 of their RFP Response. Total fees include $80.00 sweep fee.
^8 First Horizon’s net fee calculation can be found on pages 118 C 119 of their RFP Response.
4

General Points

Regions

First Horizon

Chase

1

Convenient Branch Locations

Yes

Yes

Yes

2

Florida State Ǫualified Public Depository

Yes

Yes

Yes

3

Recent SGP Global Bond Ratings

BBB+

BBB+

AA-

4

UPRD Familiarity

Yes

No

Yes

DEPOSITS

Regions

First Horizon

Chase

5

Estimated Monthly Fees

$491.95

$961.34

$128.95^3

6

Estimated Monthly Earnings in Interest Bearing Account

$5,038.99

$772.88

$5,000.00^4

7

Sweep into Interest Bearing Account – current interest rate

3.49%^5

2.60%^6

UPCC
manages

8

Net Earnings / (Net Fees)

4,547.04^7

($188.46)^8

$4,871.05

7

Sweep Accounts

Yes

Yes

Yes

8

Auto Sweeps to RLOC

Yes

Yes

Not Offered

G

Account Analysis

Yes

Yes

Yes

10

ACH Positive Pay

Yes

Yes

Yes

11

Reverse Positive Pay

Yes

Yes

Yes

12

Other Products G Services, including but not limited to wire transfer fees, ACH, coin G currency:

Comparable

Comparable

Comparable

PURCHASING CARD PROGRAM

Regions

First Horizon

Chase

13

Program Offered to UPRD

Yes

Yes

Not Offered

14

Estimated Costs

Comparable

Comparable

15

Security Features Included

Yes

Yes

16

Rebate Program Included

Yes

Yes

Exhibit “A” Continued
Revolving Line of Credit (“RLOC”)

5

Description

Regions

First Horizon

Chase

1

Approval Status:

Approved, subject to UPRD Acceptance

Offered in Initial Proposal, then withdrawn.

Not Offered

2

Borrower:

UPRD

UPRD

3

Amount:

$1,000,000

$1,000,000

4

Credit Description:

RLOC

RLOC

5

Use of Proceeds:

As UPRD
requested

As UPRD
requested

6

Loan Fee:

½ of 1.00%

1.00%

7

Annual Renewal Fee

½ of 1.00%

1.00%

8

Interest Rate:

79% of 1-Month SOFR, tax exempt rate (indicative rate: 4.13%)

Prime Rate + 1.00%, fully taxable rate (indicative rate: 7.75%)

G

Default Rate:

6.00%

Not mentioned

10

Late Fees:

5% of payment amount

similar

11

Maturity Date:

12 months

12 months

12

Payments:

Monthly Interest, balance due at maturity

Monthly Interest, balance due at maturity

13

Security

To Be Determined Original request: Lien on non-ad valorem special assessments, however not feasible so alternatives to be discussed

To Be Determined

14

Expenses

Lender’s expenses to be reimbursed; legal fees not to exceed $15,000

Lender’s expenses to be reimbursed, including legal fees; to pay even if we do not close on the RLOC.

15

Reporting Requirements:

Annual audited financial statements.

Annual audited financial statements; other reasonable information as requested.

***Continued on the Next Page***

Notes
Terms and conditions for Regions RLOC proposal can be found in their written proposal on pages 23 through 28.
Terms and conditions for First Horizon’s RLOC proposal can be found in their written proposal on pages 16 through 17.

1.

2.

6

Description

Regions

First Horizon

Chase

16

Financial Covenants:

Yes, annual debt service coverage ratio of 105% of Maximum Annual Debt Service on all debt.

None However, may
include after they finish credit approval process.

17

Other:

Legal opinion from corporate counsel.

Other terms C conditions may be applicable after credit approval.

_��_!--_��--�_LARK
Capital Expenditure Request Form

Date:

Department:

Fitness / Wellness

8.24.26- URdated : 8.26.26

Requested By:

Suzanne Sinclair Thomson

Please give a brief description of the project or equipment:

•

Requesting purchase of 2 X Recumbent Bike and 1x Elliptical due to existing issues with these pieces on the Cardio Floor.

If equipment, complete this section:

Replacement Equipment? No
Manufacturer: Elliptical & Recumbant True

Yes

�placeme� Elliptical / ADD on for Recumbent until they break down.

Model#: Elliptical Replacement-Asset# 00025 Recumbant Add on & Removal - Asset# 00035

Vendor: Johnson Fitness - Marc Scanlan-Vendor will remove 1x treadmill, 1x Elliptical and 1x Recumbant Bike
Total Project/Equipment Cost: $9,796.43 (LED Screens) - through Johnson Fitness - Other Vendor-Fitness Smith
-Garret stated that "Trade in is not offered on equipment 10yrs or older." at Fitness Smith. They would dispose of them for us only.

Please indicate if this expenditure is a need or an item your department would like to have.
**NEED

Please attach a copy of the quote that was obtained from the vendor. Once approved a project# will be assigned to your project/equipment. Please use this number to submit your invoices to accounts payable.

D

D PENDING:

Approved?

Yes

No

Project#:

Approved By:

Date:

(PLEASE PRINT)

Signature:

WARRANTY & SERVICE
COMMERCIAL FITNESS EQUIPMENT
UNITED STATES

UNITED STATES WARRANTY INFORMATION
We are dedicated to growing your business by offering intuitive and reliable commercial fitness equipment that delivers incredible value. Our products are backed by a comprehensive warranty that will cover all your products for the duration of the agreement, so you can rest easy knowing that you’re making a smart investment in the future.

Standard warranty includes labor for the duration of each coverage as outlined in the charts below, up to a maximum of 2 years.

CARDIO

Frame *

7 years

Motor **

5 years

Generator

5 years

Parts / Console

5 years

Labor

2 years

Wear Items ***

90 days

*  Frame is defined as the welded metal base of the unit and does not include removable parts or coatings. All coatings are covered for one year.
** Vision Fitness will provide a maximum of one replacement motor, and may require other components be replaced, possibly at user’s cost, as a condition of supplying the replacement motor..
*** Wear items include: headphone jack, HDMI ports, USB ports, batteries, straps.

SPECIALTY CARDIO^+

Frame *

7 years

Parts**

3 years

Electronics***

1 year

Pedals

1 year

Labor

1 year

Wear Items ****

90 days

+ Specialty Cardio includes the IC700 Indoor Cycle and AB700 Air Bike
*  Frame is defined as the welded metal base of the unit and does not include removable parts or coatings. All coatings are covered for one year.
** Braking included in parts
*** Electronics include console, console cables, battery
**** Wear items include: headphone jack, HDMI ports, USB ports, batteries, straps, seat, grip, and handles

STRENGTH

Frame *

10 years

Parts

5 years

Accessories

6 months

Upholstery

1 year

Labor

2 years

Coatings

1 year

*  Frame is defined as the welded metal base of the unit and does not include removable parts or coatings. All coatings are covered for one year.

COMMERCIAL

COMMERCIAL

COMMERCIAL

EXCLUSIVE REMEDY
The exclusive remedy for any of the above warranties shall be repair or replacement of defective parts, or the supply of labor to cure any defect, per the terms of the Commercial Warranty. The product must be located within that service provider’s service area. Labor will not be covered for products located outside service area.

SERVICE
We take great pride and care into supporting our customers for the duration of ownership of Vision products. The following methods can be used to reach our Customer Tech Support team to report an issue and request service:

See following page for complete terms.

PARTS, TECH & WARRANTY SUPPORT

OUT-OF-WARRANTY SUPPORT

800.335.4348
M – F 8:00 am – 5:00 pm CST
info@johnsonfit.com

888.993.3199
M – F 8:00 am – 5:00 pm CST
visionparts@johnsonfit.com

UNITED STATES WARRANTY
VISION EXCLUSIONS AND LIMITATIONS

1.
2.

This warranty applies only to the original owner and is not transferable.
Under no circumstances will Vision Fitness be liable by virtue of this warranty or otherwise for damage to any person or property whatsoever for any special, indirect, incidental, secondary or consequential losses, damages or expenses in connection with exercise products.
This warranty is expressly limited to the repair or replacement of a defective frame, motor, electronic component, or part. Repair or replacement will be at the discretion of Vision Fitness, and is the sole remedy of the warranty.
Do not use equipment in any location that is not climate controlled, such as but not limited to garages, porches, poolrooms, saunas, bathrooms, car ports or outdoors. Failure to comply may void the warranty.
This warranty does not cover normal wear and tear – including but not limited to: USB port, HDMI port and headphone jack, cuts in upholstery, damage caused externally that is not due to a manufacturer defect, improper assembly or maintenance, or installation of parts or accessories not originally intended or compatible with the Vision Fitness Product as sold.
This warranty does not cover damage or failure due to accident, abuse, corrosion, discoloration of paint or plastic, neglect, theft, vandalism, fire, flood, wind, lightning, freezing, or other natural disasters of any kind, power reduction, fluctuation or failure from whatever cause, unusual atmospheric conditions, collision, introduction of foreign objects or intrusion of liquids into the covered unit, or modifications that are unauthorized or not recommended by Vision Fitness.
This warranty does not cover damage or corrosion caused by failure to follow recommended cleaning guidelines, including the use of unapproved cleaners, chemicals or solutions.
Parts reconditioned to As New Condition by Vision Fitness or its vendors may sometimes be supplied as warranty replacement parts and constitute fulfillment of warranty terms. Any warranty replacement parts shall be warranted for the remainder of the original warranty term.
The warranty does not cover damage or equipment failure due to electrical wiring that is not in compliance with applicable electrical codes and Vision Fitness Owner’s Manual specifications.
Treadmill decks will NOT be replaced unless both surfaces are worn through. Deck and belt replacement limited to one per treadmill. For running deck and belt wear testing and maintenance, please refer to the Treadmill Deck Friction Test document.

3.

4.

5.

6.

7.

8.

9.

10.

This warranty shall NOT apply to the following:

1.
2.
3.
4.
5.

Failure to provide reasonable and necessary maintenance as outlined in the Owner’s Manual. Software limitations and upgrades.
Batteries or other consumable goods.
Cosmetic items.
Repairs performed on equipment missing a serial number or with a serial number tag that has been altered or removed.
Service calls to correct installation of the equipment or instructing on use of equipment. Pick-up, delivery or freight charges involved with repairs.
Any labor changes incurred beyond the applicable labor warranty.

6.
7.
8.

Vision Fitness expressly disclaims all other warranties, express or implied, including but not limited to all warranties of fitness for a particular purpose or of merchantability. This warranty gives you specific legal rights, and your rights may vary from state to state.

Note: This warranty information applies only to products purchased and used within the United States. For warranty details in other
countries, please contact your local office.

University Park Recreation District

Consideration of Osprey Consulting Agreement

(provided under separate cover)

University Park Recreation District

Ratification of Payment Authorization Nos. 168 - 169