Olympus Community Development District
12051 Corporate Boulevard, Orlando, FL 32817; 407-723-5900
http://olympuscdd.com/
Notice is hereby given that the Board of Supervisors (“Board”) of the Olympus Community
Development District (“District”) will hold a regular meeting of the Board of Supervisors on August 7, 2020 at 2:00 p.m. to be conducted by telephonic conferencing communications media technology pursuant to Executive Orders 20-52, 20-69, 20-123,and 20-150 issued by Governor DeSantis, and any extensions or supplements thereof, and pursuant to Section 120.54(5)(b)2., Florida Statutes.

Please use the following information to join the telephonic conferencing: Phone:	1-844-621-3956 Participant Code:	796 580 192#
BOARD OF SUPERVISORS’ MEETING AGENDA

Organizational Matters
Roll Call to Confirm a Quorum
Public Comment Period
Discussion regarding Executive Orders 20-52, 20-69 & 20-112
Consideration of the Minutes of the June 5, 2020 Board of Supervisors’ Meeting
Consideration of the Minutes of the June 5, 2020 Auditor Selection Committee Meeting
Consideration of Resolution 2020-33, Approving an Annual Meeting Schedule for Fiscal Year 2020-2021

Business Matters
Review of Auditor Selection Committee Rankings & Selection of Auditor
Public Hearing on the Adoption of the District’s Annual Budget
Public Comments and Testimony
Board Comments
Consideration of Resolution 2020-34, Adopting the Fiscal Year 2021 Budget and Appropriating Funds
Consideration of Funding Agreement for Fiscal Year 2020-2021
Consideration of Payment Authorization Nos. 10 - 14
Review of District’s Financial Position and Budget to Actual YTD

Other Business

Staff Reports
District Counsel
District Engineer
District Manager
Developer’s Report
Supervisor Requests and Audience Comments Adjournment

Olympus Community Development District

Executive Orders
20-52, 20-69, 20-123 and 20-150

STATE OF FLORIDA
OFFICE OF THE GOVERNOR EXECUTIVE ORDER NUMBER 20-52
(Emergency Management - COVID-19 Public Health Emergency)

WHEREAS, Novel Coronavirus Disease 2019 (COVID-19) is a severe acute respiratory illness that can spread among humans through respiratory transmission and presents with symptoms similar to those of influenza; and
WHEREAS, in late 2019, a new and significant outbreak of COVID-19 emerged in China;

and

WHEREAS, the World Health Organization previously declared COVID-19 a Public Health Emergency of International Concern; and
WHEREAS, in response to the recent COVID-19 outbreak in China, Iran, Italy, Japan and South Korea, the Centers for Disease Control and Prevention ("CDC") has deemed it necessary to prohibit or restrict non-essential travel to or from those countries; and
WHEREAS, on March 1, 2020, I issued Executive Order number 20-51 directing the Florida Department of Health to issue a Public Health Emergency; and
WHEREAS, on March 1, 2020, the State Surgeon General and State Health Officer declared a Public Health Emergency exists in the State of Florida as a result of COVID-19; and
WHEREAS, on March 7, 2020, I directed the Director of the Division of Emergency Management to activate the State Emergency Operations Center to Level 2 to provide coordination and response to the COVID-19 emergency; and
WHEREAS, as of March 9, 2020, eight counties in Florida have positive cases for COVID-19, and COVID-19 poses a risk to the entire state of Florida; and

WHEREAS, the CDC currently recommends community preparedness and everyday prevention measures be taken by all individuals and families in the United States, including voluntary home isolation when individuals are sick with respiratory symptoms, covering coughs and sneezes with a tissue and disposal of the tissue immediately thereafter, washing hands often with soap and water for at least 20 seconds, using of alcohol-based hand sanitizers with 60%-95% alcohol if soap and water are not readily available and routinely cleaning frequently touched surfaces and objects to increase community resilience and readiness for responding to an outbreak; and
WHEREAS, the CDC currently recommends mitigation measures for communities experiencing an outbreak including staying at home when sick, keeping away from others who are sick, limiting face-to-face contact with others as much as possible, consulting with your healthcare provider if individuals or members of a household are at high risk for COVID-19 complications , wearing a facemask if advised to do so by a healthcare provider or by a public health official, staying home when a household member is sick with respiratory disease symptoms if instructed to do so by public health officials or a health care provider; and
WHEREAS, as Governor, I am responsible for meeting the dangers presented to this state and its people by this emergency.
NOW, THEREFORE, I, RON DESANTIS, as Governor of Florida, by virtue of the authority vested in me by Article IV, Section (l)(a) of the Florida Constitution, Chapter 252, Florida Statutes, and all other applicable laws, promulgate the following Executive Order to take immediate effect:
Section I. Because of the foregoing conditions, I declare a state of emergency exists in the State of Florida.

Section 2. I designate the Director of the Division of Emergency Management ("Director") as the State Coordinating Officer for the duration of this emergency and direct him to execute the State's Comprehensive Emergency Management Plan and other response, recovery, and mitigation plans necessary to cope with the emergency. Additionally, I designate the State Health Officer and Surgeon General as a Deputy State Coordinating Officer and State Incident Commander.
Pursuant to section 252.36(1)(a), Florida Statutes, I delegate to the State Coordinating

Officer the authority to exercise those powers delineated in sections 252.36(5)-(10), Florida Statutes, which he shall exercise as needed to meet this emergency, subject to the limitations of section 252.33, Florida Statutes. In exercising the powers delegated by this Order, the State Coordinating Officer shall confer with the Governor to the fullest extent practicable. The State Coordinating Officer shall also have the authority to:
Seek direct assistance and enter into agreements with any and all agencies of the United States Government as may be needed to meet the emergency.
Designate additional Deputy State Coordinating Officers, as necessary.

Suspend the effect of any statute, rule, or order that would in any way prevent, hinder, or delay any mitigation, response, or recovery action necessary to cope with this emergency.
Enter orders as may be needed to implement any of the foregoing powers; however, the requirements of sections 252.46 and 120.54(4), Florida Statutes , do not apply to any such orders issued by the State Coordinating Officer; however, no such order shall remain in effect beyond the expiration of this Executive Order, to include any extension.
Section 3. I order the Adjutant General to activate the Florida National Guard, as needed, to deal with this emergency.

Section 4. I find that the special duties and responsibilities resting upon some State, regional, and local agencies and other governmental bodies in responding to the emergency may require them to suspend the application of the statutes, rules, ordinances, and orders they administer. Therefore, I issue the following authorizations:
Pursuant to section 252.36(1)(a), Florida Statutes, the Executive Office of the Governor may suspend all statutes and rules affecting budgeting to the extent necessary to provide budget authority for state agencies to cope with this emergency. The requirements of sections
252.46 and 120.54(4), Florida Statutes, do not apply to any such suspension issued by the Executive Office of the Governor; however, no such suspension shall remain in effect beyond the expiration of this Executive Order, to include any extension.
Each State agency may suspend the provisions of any regulatory statute prescribing the procedures for conduct of state business or the orders or rules of that agency, if strict compliance with the provisions of any such statute, order, or rule would in any way prevent, hinder, or delay necessary action in coping with the emergency. This includes, but is not limited to, the authority to suspend any and all statutes, rules, ordinances, or orders which affect leasing, printing, purchasing, travel, and the condition of employment and the compensation of employees. For the purposes of this Executive Order, "necessary action in coping with the emergency" means any emergency mitigation, response, or recovery action: (1) prescribed in the State Comprehensive Emergency Management Plan ("CEMP"); or (2) ordered by the State Coordinating Officer. The requirements of sections 252.46 and 120.54, Florida Statutes, shall not apply to any such suspension issued by a State agency; however, no such suspension shall remain in effect beyond the expiration of this Executive Order, to include any extensions.

In accordance with section 465.0275, Florida Statutes, phannacists may dispense up to a 30-day emergency prescription refill of maintenance medication to persons who reside in an area or county covered under this Executive Order and to emergency personnel who have been activated by their state and local agency but who do not reside in an area or county covered by this Executive Order.
In accordance with section 252.38, Florida Statutes, each political subdivision within the State of Florida may waive the procedures and fonnalities otherwise required of the political subdivision by law pertaining to:
Perfonnance of public work and taking whatever prudent action is necessary to ensure the health, safety, and welfare of the community;
Entering into contracts; however, political subdivisions are cautioned against entering into time and materials contracts without ceiling as defined by 2 CFR 200.318(j) or cost plus percentage contracts as defined by 2 CFR 200.323(d);
Incurring obligations;

Employment of pennanent and temporary workers;

Utilization of volunteer workers;

Rental of equipment ;

Acquisition and distribution, with or without compensation, of supplies, materials, and facilities; and,
Appropriation and expenditure of public funds.

All State agencies responsible for the use of State buildings and facilities may close such buildings and facilities in those portions of the State affected by this emergency, to the extent necessary to meet this emergency. I direct each State agency to report the closure of any State

building or facility to the Secretary of the Department of Management Services. Under the authority contained in section 252.36, Florida Statutes, I direct each County to report the closure of any building or facility operated or maintained by the County or any political subdivision therein to the Secretary of the Department of Management Services. Furthermore, I direct the Secretary of the Department of Management Services to:
Maintain an accurate and up-to-date list of all such closures; and,

Provide that list daily to the State Coordinating Officer.

Section 5. I find that the demands placed upon the funds appropriated to the agencies of the State of Florida and to local agencies are unreasonably great and the funds currently available may be inadequate to pay the costs of coping with this emergency. In accordance with section 252.37(2), Florida Statutes, I direct that sufficient funds be made available, as needed, by transferring and expending moneys appropriated for other purposes, moneys from unappropriated surplus funds, or from the Budget Stabilization Fund.
Section 6. All State agencies entering emergency final orders or other final actions in response to this emergency shall advise the State Coordinating Officer contemporaneously or as soon as practicable.
Section 7. Medical professionals and workers, social workers, and counselors with good and valid professional licenses issued by states other than the State of Florida may render such services in Florida during this emergency for persons affected by this emergency with the condition that such services be rendered to such persons free of charge, and with the further condition that such services be rendered under the auspices of the American Red Cross or the Florida Department of Health.

Section 8. All activities taken by the Director of the Division of Emergency Management and the State Health Officer and Surgeon General with respect to this emergency before the issuance of this Executive Order are ratified. This Executive Order shall expire sixty days from this date unless extended.

IN TESTIMONY WHEREOF, I have hereunto set my hand and caused the Great Seal of the State of Florida to be affixed, at Tallahassee, this 9th day of

March, 2::0.._	.,..

ATTEST:

STATE OF FLORIDA
OFFICE OF THE GOVERNOR EXECUTIVE ORDER NUMBER 20-69
(Emergency Management- COVID-19 -  Local Government Public Meetings)

WHEREAS, on March 1, 2020, I issued Executive Order 20-51 directing the Florida Department of Health to issue a Public Health Emergency as a result of COVID-19; and
WHEREAS, on March 1, 2020, the State Surgeon General and State Health Officer declared a Public Health Emergency exists in the State of Florida as a result of COVID-19; and
WHEREAS, on March 9, 2020, I issued Executive Order 20-52 declaring a state of emergency for the entire State of Florida as a result of COVID-19; and
WHEREAS, on March 16, 2020, President Donald J. Trump and the Centers for Disease Control and Prevention ("CDC") issued the "15 Days to Slow the Spread" guidance advising individuals to adopt far-reaching social distancing measures, such as working from home and avoiding gatherings of more than 10 people; and
WHEREAS, on March 17, 2020, I wrote a letter to Attorney General Ashley  Moody seeking an advisory opinion regarding concerns raised by local government bodies  about  their ability to hold meetings through teleconferencing and other technological means in order to protect the public and follow the CDC guidance regarding social distancing; and
WHEREAS, on March 19, 2020, Attorney General Ashley Moody delivered an opinion to me indicating that certain provisions of Florida law require a physical quorum be present for local government bodies to conduct official business, and that local government bodies may only conduct meetings by teleconferencing or other technological means if either a statute permits a quorum to be present by means other than in person, or that the in person requirement for constituting a quorum is lawfully suspended during the state of emergency; and

WHEREAS, it is necessary and appropriate to take action to ensure  that  COVID-19 remains controlled , and that residents and visitors in Florida remain safe and secure;
NOW, THEREFORE, I, RON DESANTIS, as Governor of Florida, by virtue of the authority vested in me by rticle IV, Section (l)(a) of the Florida Constitution , Chapter 252, Florida Statutes, and all other applicable laws, promulgate the following Executive Order to take immediate effect:
Section 1.	I hereby suspend any Florida Statute that requires a quorum to be present in

person or requires a local government body to meet at a specific public place.

Section 2.	Local government  bodies may utilize communications media technology,

such as telephonic and video conferencing, as provided in section 120.54(5)(b)2., Florida Statutes.

Section 3. This Executive Order does not waive any other requirement  under the  Florida Constitution and "Florida's Government in the Sunshine Laws," including Chapter 286, Florida Statutes.
Section 4.	This Executive Order shall expire at the expiration of Executive Order 20- 52, including any extension.

IN TESTIMONY WHEREOF, I have hereunto set my hand and caused the Great Seal of the State of Florida to be affixed, at Tallahassee, this

20th da T of March, 20

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STATE OF FLORIDA
OFFICE OF THE GOVERNOR EXECUTIVE ORDER NUMBER 20-123
(Full Phase I: Safe. Smart. Step-by-Step. Plan for Florida's Recovery)

WHEREAS, on March 9, 2020, I issued Executive Order 20-52 declaring a state of emergency for the entire State of Florida as a result of COVID-19; and
WHEREAS, on April 29, 2020, I issued Executive Order 20-112 initiating Phase l of the Safe. Smart. Step-by-Step. Plan for Florida' s Recovery; and
WHEREAS, Executive Order 20-112 did not exhaust the recommendations of the proposed Phase 1 included in the White House' s Guidelines for Re-Opening America Again.
NOW, THEREFORE, I, RON DESANTIS, as Governor of Florida, by virtue of the authority vested in me by Article IV, Section (I)(a) of the Florida Constitution and Chapter 252, Florida Statutes, and all other applfoable laws, promulgate the following Executive Order:
Executive Order 20-112, as modified by Executive Order 20-120, is extended as further modified by this order below, bringing all Florida counties into Full Phase 1.
Section 1.	Restaurants, Retail, Museums and Gyms

Restaurants and food establishments licensed under Chapters 500 or 509, Florida Statutes , may serve patrons at indoor seating so long as they limit indoor occupancy up to fifty (50) percent of their seating capac it y, excludin g employees. The requirement for a minimum of 6 feet between parties is superseded to the extent appropriate partitioning is in place. Bar counters are to remain closed to seating, and

outdoor seating remains available with social distancing. The Department of Business and Professional Regula tion (DBPR) will post and update appropriate safety measures on its website.
In-store retail sales establishments may operate up to fifty (50) percent of their building occupancy and abide by the safety guideline s issued by the CDC and OSHA.
Museums and libraries may operate up to fifty (50) percent of their building occupancy, provided, however , that local public muse ums and local public lib raries ma y operate only if permitted by local government.
Gyms and fitness centers may operate up to fifty (50) percent of their building occupancy so long as they adopt safety measures including appropriate social distancing for classes and sufficient cleaning supplies to ensure, at a minim um, patrons' individual self-cleaning of surfaces and machines using sa nitation wipes following each use. DBPR will post and update best practices on its website.
Section 2.	Professional Sports Venues

Professional sports may operate in the State of Florida and venues may host training, competitions, events and games. This provision shall preempt any local rule prohibiting a professional sports team conducting, or the operations of the venue from hosting, those sports activities at facilities in the State.
Section 3.	Amusement Parks

Amusement parks may submit a re-opening plan to the State of Florida that include s a propo sed date for resumptio n of operations and proposed guidelines to ensure guest and staff safety. Requests to re-open must include an endorsement letter from the County Mayor or in absence of a county mayor from the City Mayor and County Administ rator. This request shall

2

identify a future date certain for re-opening and verify that the official has approved a re-open plan to ensure patron and staff safety.
Section 4.	Vacation Rentals

Counties may seek approval to operate vacation rentals with a written request from the County Administrator and the cow1ty's safety plan for vacation rental operations submitted to the DBPR Secretary. DBPR will post and update guidance on its website.
Section 5.	Local Government Public Meetings Order Extended The Executive Order 20-69 is extended for the duration of this order.
Section 6.	Enforcement

This order shall be enforced under section 252.47, Florida Statutes. Violation of this order is a second-degree misdemeanor pursuant to section 252.50; Florida Statutes, and 1s punishable by imprisonment not to exceed 60 days, a fine not to exceed $500, or both.
Section 7.	Effective Date

This order is effective at 12:01 a.m. on Monday, May 18, 2020.

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IN TESTIMONY WHEREOF, I have hereunlo set my hand and caused the Great Seal of the State of Florida to be affixed, at Tallahassee, this 14th day of -	2020.

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STATE OF FLORIDA
OFFICE OF THE GOVERNOR EXECUTIVE ORDER NUMBER 20-150
(Emergency Management - COVID-19 - Local Government Public Meetings)

WHEREAS, Executive Order 20-69, as extended by Executive Order 20-112, Executive Order 20-123 and Executive Order 20-139, expires on June 30, 2020, unless extended.
NOW, THEREFORE, I, RON DESANTIS, as Governor of Florida, by virtue of the authority vested in me by Article IV, Section (l)(a) of the Florida Constitution, Chapter 252, Florida Statutes, and all other applicable laws, promulgate the following Executive Order to take immediate effect:
Section I. I hereby extend Executive Order 20-69, as extended by Executive Orders 20- 121, 20-123 and 20-139, until 12:01 a.m. on August 1, 2020.

IN TESTIMONY WHEREOF, I have hereunto set my hand and caused the Great Seal of the State of Florida to be affixed, at Tallahassee, this 23rd day o	e, 2020.

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OLYMPUS COMMUNITY DEVELOPMENT DISTRICT

NOTICE OF PUBLIC HEARING TO CONSIDER THE ADOPTION OF THE FISCAL YEAR 2020/2021 BUDGET; NOTICE OF POSSIBLE REMOTE PROCEDURES DURING PUBLIC HEALTH EMERGENCY DUE TO COVID-19; AND NOTICE OF REGULAR BOARD OF SUPERVISORS’ MEETING.

The Board of Supervisors (“Board”) of the Olympus Community Development District (“District”) will hold a public hearing on August 7, 2020 at 2:00 p.m. at the Home 2 Suites by Hilton, 1450 Champions Way, Clermont, FL 34711 for the purpose of hearing comments and objections on the adoption of the proposed budget (“Proposed Budget”) of the District for the fiscal year beginning October 1, 2020 and ending September 30, 2021 (“Fiscal Year 2020/2021”). A regular board meeting of the District will also be held at that time where the Board may consider any other business that may properly come before it. A copy of the agenda and Proposed Budget may be obtained at the offices of the District Manager, PFM Group Consulting, LLC at (407) 723-5935, mullinsl@pfm.com (“District Manager’s Office”), during normal business hours, or by visiting the District’s website at http://olympuscdd.com/.

It is anticipated that the public hearing and meeting will take place at the location provided above. In the event that the COVID-19 public health emergency prevents the hearing and meeting from occurring in-person, the District may conduct the public hearing by telephone or video conferencing communications media technology pursuant to governmental orders, including but not limited to Executive Orders 20-52, 20-69, 20-123,and 20-150 issued by Governor DeSantis, and any extensions or supplements thereof, and pursuant to Section 120.54(5)(b)2., Florida Statutes.

While it may be necessary to hold the above referenced public hearing and meeting utilizing communications media technology due to the current COVID-19 public health emergency, the District fully encourages public participation in a safe and efficient manner. To that end, anyone wishing to listen to and/or participate in the meeting can do so telephonically at 1-844- 621-3956, Participant Code: 796 580 192#. Participants are strongly encouraged to submit questions and comments to the District Manager’s Office at mullinsl@pfm.com or by calling (407) 723-5935 by August 6, 2020 at 5:00 p.m. in advance of the meeting to facilitate the Board’s consideration of such questions and comments during the meeting.

The public hearing and meeting are open to the public and will be conducted in accordance with the provisions of Florida law. The public hearing and meeting may be continued to a date, time, and place to be specified on the record at the meeting. There may be occasions when Board Supervisors or District Staff may participate by speaker telephone.

Any person requiring special accommodations at this meeting because of a disability or physical impairment should contact the District Manager’s Office at least forty-eight (48) hours prior to the meeting. If you are hearing or speech impaired, please contact the Florida Relay

Service by dialing 7-1-1, or 1-800-955-8771 (TTY) / 1-800-955-8770 (Voice), for aid in contacting the District Manager’s Office.

Each person who decides to appeal any decision made by the Board with respect to any matter considered at the public hearing or meeting is advised that person will need a record of proceedings and that accordingly, the person may need to ensure that a verbatim record of the proceedings is made, including the testimony and evidence upon which such appeal is to be based.

Lynne Mullins
Assistant District Manager

[NOTE: PUBLISH TWICE, ONE WEEK APART WITH FIRST PUBLICATION AT LEAST 15 DAYS PRIOR TO THE PROPOSED BUDGET HEARING]

Olympus Community Development District

Minutes of the June 5, 2020 Board of Supervisors’ Meeting

MINUTES OF MEETING

OLYMPUS COMMUNITY DEVELOPMENT DISTRICT BOARD OF SUPERVISORS’ MEETING
Friday, June 5, 2020 2:05 p.m.
Via conference call due to the COVID-19 Executive Order 20-52, 20-69 & 20-112.

Board Members present:		
Michael Carroll, Jr.	Chairman	(via phone)	
Michael J. Carroll, Sr.	Vice Chairman	(via phone)	
Matt Carroll	Assistant Secretary	(via phone)	
Russ Caldwell	Assistant Secretary	(via phone)	
Edward Dempsey	Assistant Secretary	(via phone)	
Also present were:			
Johnathan Johnson	Hopping Green & Sams, P.A.	(via phone)	
Hank Fishkind	PFM Financial Advisors, LLC	(via phone)	
Lynne Mullins	PFM Group Consulting, LLC	(via phone)	
Jennifer Walden	PFM Group Consulting, LLC	(via phone)	
Brett Sealy	MBS Capital Markets, LLC	(via phone)	
Chris Buttermore	Matthews Design Group, Inc.	(via phone)	
Misty Taylor	Bryant Miller Olive P.A.	(via phone)	

FIRST ORDER OF BUSINESS	Call to Order and Roll Call Ms. Mullins called the meeting of the Olympus CDD to order at 2:05 p.m. and the roll was called. SECOND ORDER OF BUSINESS	Public Comment Period
Ms. Mullins called for any public comments. There were no public comments at this time.

THIRD ORDER OF BUSINESS	Discussion regarding Executive Orders 20- 52, 20-69 & 20-112

Mr. Johnson provided information regarding Executive Orders 20-52, 20-69 & 20-112, the Governor has waived the requirement for a physical quorum due to COVID-19.

FOURTH ORDER OF BUSINESS	Consideration of the Minutes of the May 1, 2020 Auditor Selection Committee Meeting

The Board reviewed the minutes of the Auditor Selection Committee Meeting.

On MOTION by Michael J. Carroll, Sr., seconded by Mr. Caldwell, with all in favor, the Board approved the Minutes of the May 1, 2020 Auditor Selection Committee Meeting.

FIFTH ORDER OF BUSINESS	Consideration of the Minutes of the May 1, 2020 Board of Supervisors’ Meeting

The Board reviewed the minutes for the May 1, 2020 Board of Supervisors’ Meeting.

On MOTION by Mr. Michael J. Carroll, Sr., seconded by Mr. Matt Carroll, with all in favor, the Board approved the Minutes of the May 1, 2020 Board of Supervisors’ Meeting.

SIXTH ORDER OF BUSINESS	Public Hearing on the District’s Use of the Uniform Method of Levying, Collection and Enforcing Non Ad-
Valorem Assessments
Public Comments and Testimony
Board Comments
Consideration of Resolution 2020-32, Adopting the Uniform Method

Ms. Mullins noted the public hearing has been advertised in the newspaper as required by Florida Statue. Do we have a motion to open the public hearing?

On Motion by Mr. Michael J. Carroll, Sr., seconded by Mr. Matt Carroll, with all in favor, the Board of Supervisors for the Olympus Community Development District opened the Public Hearing.

Mr. Johnson stated it is the District’s intention to one day collect assessments on the County’s tax roll. Any questions from the public? Any questions from the Board? Hearing none, a motion to close the public hearing.

On Motion by Mr. Michael J. Carroll, Sr., seconded by Mr. Matt Carroll, with all in favor, the Board of Supervisors for the Olympus Community Development District closed the Public Hearing.

Ms. Mullins requested a motion to approve Resolution 2020-32.

On Motion by Michael J. Carroll, Sr., seconded by Mr. Caldwell, with all in favor, the Board of Supervisors for the Olympus Community Development District approved Resolution 2020-32, Adopting the Uniform Method.

SEVENTH ORDER OF BUSINESS	Consideration of Payment Authorizations Nos. 7 Revised, 8 and 9

Ms. Mullins requested a motion to approve payment authorizations 7 revised, 8 and 9.

On MOTION by Mr. Michael J. Carroll, Sr., seconded by Mr. Matt Carroll, with all in favor, the Board approved Payment Authorizations Nos. 7 revised, 8 and 9.

EIGHTH ORDER OF BUSINESS	Review of District’s Financial Position and Budget to Actual YTD.

The Board reviewed the District financials. No action was required by the Board.

NINTH ORDER OF BUSINESS	Staff Reports

District Counsel: Mr. Johnson noted that the Bond Validation is scheduled for July 22, 2020 with Judge Davis and will be a Zoom Hearing.

District Engineer: Mr. Buttermore stated there was a slight change to the cost of construction to help absorb the cost of the survey.

District Manager: Ms. Mullins stated the next meeting is July 3, 2020 and is an observance holiday. The Board moved the meeting to July 2, 2020 at 2:00 p.m..

Developer’s Report: Mr. Carroll, Jr. stated Florida Governor Ron DeSantis issued an Executive Order declaring a state of emergency statewide due to COVID-19 and in response that, the Developer filed a letter with the City of Clermont notifying the intent to utilize Section 252.363, Florida Statutes, provides that upon the declaration of a state of emergency by the Governor for a “natural” emergency, development orders, permits, and other authorizations are tolled for the duration of the declaration plus an additional six (6) months.

TENTH ORDER OF BUSINESS	Audience Comments & Supervisor Requests

There were no Supervisors requests and there were no audience members present.

ELEVENTH ORDER OF BUSINESS	Adjournment

There was no further business to discuss. Dr. Fishkind requested a motion to adjourn.

On MOTION by Mr. Michael J. Carroll, Sr., seconded by Mr. Matt Carroll, with all in favor, the June 5, 2020 Board of Supervisors’ Meeting of the Olympus Community Development District was adjourned.

 	_ 		 	_ 	
Secretary / Assistant Secretary	Chairperson / Vice Chairperson

Olympus Community Development District

Minutes of the June 5, 2020 Auditor Selection Committee Meeting

MINUTES OF MEETING

OLYMPUS COMMUNITY DEVELOPMENT DISTRICT AUDITOR SELECTION COMMITTEE MEETING
Friday, June 5, 2020
Called to order at 2:00 p.m.
Via conference call due to the COVID-19 Executive Order 20-52, 20-69 & 201-112.

Present:		
Michael J. Carroll, Sr.	Committee Member	(via phone)	
Michael Carroll, Jr.	Committee Member	(via phone)	
Matt Carroll	Committee Member	(via phone)	
Russ Caldwell	Committee Member	(via phone)	
Edward Dempsey	Committee Member	(via phone)	

Others in Attendance:

Johnathan Johnson	Hopping Green & Sams, P.A.	(via phone)	
Hank Fishkind	PFM Financial Advisors, LLC	(via phone)	
Lynne Mullins	PFM Group Consulting, LLC	(via phone)	
Jennifer Walden	PFM Group Consulting, LLC	(via phone)	
Brett Sealy	MBS Capital Markets, LLC	(via phone)	
Chris Buttermore	Matthews Design Group, Inc.	(via phone)	
Misty Taylor	Bryant Miller Olive P.A.	(via phone)	

FIRST ORDER OF BUSINESS	Call to Order and Roll Call

The meeting was called to order at 2:00 p.m.

SECOND ORDER OF BUSINESS	Review	and	Auditing Services Proposals
Carr, Riggs & Ingram

Ms. Mullins noted for the record, the deadline was 10:00 a.m. and this proposal was not received until 10:45
a.m. This was the only proposal the District received; however, District Counsel stated it is up to the discretion of the Board if they wanted to accept the proposal late or go back out to bid.

Mr. Johnson noted if the Board would like to see more than one proposal, the Board can reject this and go back.

On MOTION by Mr. Michael J. Carroll, Sr., seconded by Mr. Michael Carroll, Jr., with all in favor, the Board waived the irregularity of the timing and moved to accept the proposal and authorize District Staff to negotiate a Contract with CRI.

THIRD ORDER OF BUSINESS	Adjournment

Ms. Mullins requested a motion to adjourn the Auditor Selection Committee Meeting.

On MOTION by Mr. Michael J. Carroll, Sr., seconded by Mr. Dempsey, with all in favor, the June 5, 2020 the Olympus Community Development District Auditor Selection Committee Meeting was adjourned.

 	_ 	_	 	_ 	
Secretary / Assistant Secretary	Chairperson / Vice Chairperson

Olympus Community Development District

Resolution 2020-33,
Approving an Annual Meeting Schedule for Fiscal Year 2020-2021

RESOLUTION 2020-33

A RESOLUTION OF THE BOARD OF SUPERVISORS OF OLYMPUS COMMUNITY DEVELOPMENT DISTRICT DESIGNATING DATES, TIME AND LOCATION FOR REGULAR MEETINGS OF THE BOARD OF SUPERVISORS OF THE DISTRICT, AND PROVIDING FOR AN EFFECTIVE DATE

WHEREAS, Olympus Community Development District (hereinafter the “District”) is a local unit of special-purpose government created and existing pursuant to Chapter 190, Florida Statutes, being situated entirely within the City of Clermont, Florida; and

WHEREAS, the District is an independent special district as defined in Chapter 189, Florida Statutes, and subject to certain requirements therein; and

WHEREAS, Section 189. 015(1), Florida Statutes, requires that the Board of Supervisors of the District (“Board”), file a schedule of its regular meeting dates, times, and location either quarterly, semi-annually, or annually with the local governing authority and the Florida Department of Economic Opportunity; and

WHEREAS, the District is required by Section 189.069(13), Florida Statutes, to post the regular meeting dates, times, and locations on its official website, and cause the same to be published in a newspaper of general circulation; and

WHEREAS, all meetings of the Board shall be open to the public and governed by the provisions of Chapter 286, Florida Statutes.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF OLYMPUS COMMUNITY DEVELOPMENT DISTRICT:

Section 1. Regular meetings of the Board of the District shall be held as provided on the schedule attached as Exhibit “A”.

Section 2. In accordance with Sections 189.015 (1), and 189.069(13), Florida Statutes, the District’s Secretary is hereby directed to file this resolution with the City of Mulberry and Polk County, Florida, publish a notice of the regular meeting dates, times, and locations in a newspaper of general circulation, and post the same on the District’s official website.

Section 3. This Resolution shall become effective immediately upon its adoption.

PASSED AND ADOPTED THIS 7th DAY OF AUGUST, 2020.

OLYMPUS COMMUNITY DEVELOPMENT DISTRICT

Chairman/Vice Chairman

ATTEST:

Secretary/Assistant Secretary

EXHIBIT “A”
BOARD OF SUPERVISORS MEETING DATES OLYMPUS COMMUNITY DEVELOPMENT DISTRICT FOR FISCAL YEAR 2020/2021

October 2, 2020
November 6, 2020
December 4, 2020
January 1, 2021
February 5, 2021
March 5, 2021
April 2, 2021
May 7, 2021
June 4, 2021
July 2, 2021
August 6, 2021
September 3, 2021

All meetings will convene at 2:00 p.m. on the specified dates at Clermont City Center, 620 W. Montrose St., Clermont, FL 34711

Olympus Community Development District

Auditor Selection Committee Rankings & Selection of Auditor

Olympus Community Development District
Auditor Selection - Manager Recommended Rankings

Criteria	Possible Points	Carr Riggs Ingram	CRI Rec.
Points	

Ability of Personnel	

20.0	Qualified, Multiple CPAs on Staff	

20.0	

Proposer's Experience	

20.0	
Extensive CDD Experience	

20.0	

Understanding of Scope of Work	

20.0	

Sufficient	

20.0	

Ability to Furnish Required Services	

20.0	

Capable	

20.0	

Price for Services for Five Years	

20.0	$5,000 +
$5,000 +
$5,000 +
$5,000 +
$5,000 =
$25,000	

20	
Total	100.0		100.0	

Olympus Community Development District

Resolution 2020-34,
Adopting the Fiscal Year 2021 Budget and Appropriating Funds

RESOLUTION 2020-34

THE ANNUAL APPROPRIATION RESOLUTION OF THE OLYMPUS COMMUNITY DEVELOPMENT DISTRICT (“DISTRICT”) RELATING TO THE ANNUAL APPROPRIATIONS AND ADOPTING THE BUDGET FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2020, AND ENDING SEPTEMBER 30, 2021; AUTHORIZING BUDGET AMENDMENTS; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the District Manager has, prior to the fifteenth (15th) day in June, 2020, submitted to the Board of Supervisors (“Board”) of the Olympus Community Development District (“District”) proposed budget (“Proposed Budget”) for the fiscal year beginning October 1, 2020 and ending September 30, 2021 (“Fiscal Year 2020/2021”) along with an explanatory and complete financial plan for each fund of the District, pursuant to the provisions of Section 190.008(2)(a), Florida Statutes; and

WHEREAS, at least sixty (60) days prior to the adoption of the Proposed Budget, the District filed a copy of the Proposed Budget with the local governing authorities having jurisdiction over the area included in the District pursuant to the provisions of Section 190.008(2)(b), Florida Statutes; and

WHEREAS, the Board set a public hearing thereon and caused notice of such public hearing to be given by publication pursuant to Section 190.008(2)(a), Florida Statutes; and

WHEREAS, the District Manager posted the Proposed Budget on the District’s website at least two days before the public hearing; and

WHEREAS, Section 190.008(2)(a), Florida Statutes, requires that, prior to October 1st of each year, the Board, by passage of the Annual Appropriation Resolution, shall adopt a budget for the ensuing fiscal year and appropriate such sums of money as the Board deems necessary to defray all expenditures of the District during the ensuing fiscal year; and

WHEREAS, the District Manager has prepared a Proposed Budget, whereby the budget shall project the cash receipts and disbursements anticipated during a given time period, including reserves for contingencies for emergency or other unanticipated expenditures during the fiscal year.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE OLYMPUS COMMUNITY DEVELOPMENT DISTRICT:

SECTION 1.   BUDGET

The Board has reviewed the Proposed Budget, a copy of which is on file with the office of the District Manager and at the District’s Local Records Office, and hereby approves certain amendments thereto, as shown in Section 2 below.

The Proposed Budget, attached hereto as Exhibit “A,” as amended by the Board, is hereby adopted in accordance with the provisions of Section 190.008(2)(a), Florida Statutes (“Adopted Budget”), and incorporated herein by reference; provided, however, that the comparative figures contained in the Adopted Budget

may be subsequently revised as deemed necessary by the District Manager to reflect actual revenues and expenditures.

The Adopted Budget, as amended, shall be maintained in the office of the District Manager and at the District’s Local Records Office and identified as “The Budget for the Olympus Community Development District for the Fiscal Year Ending September 30, 2021.”

The Adopted Budget shall be posted by the District Manager on the District’s official website within thirty (30) days after adoption and shall remain on the website for at least 2 years.

SECTION 2.	APPROPRIATIONS

There is hereby appropriated out of the revenues of the District, for Fiscal Year 2020/2021, the sum of $124,875.00 to be raised by the levy of assessments and/or otherwise, which sum is deemed by the Board to be necessary to defray all expenditures of the District during said budget year, to be divided and appropriated in the following fashion:

TOTAL GENERAL FUND	$124,875.00	
TOTAL ALL FUNDS	$124,875.00	
SECTION 3.	BUDGET AMENDMENTS		

Pursuant to Section 189.016, Florida Statutes, the District at any time within Fiscal Year 2020/2021 or within 60 days following the end of the Fiscal Year 2020/2021 may amend its Adopted Budget for that fiscal year as follows:

The Board may authorize an increase or decrease in line item appropriations within a fund by motion recorded in the minutes if the total appropriations of the fund do not increase.

The District Manager or Treasurer may authorize an increase or decrease in line item appropriations within a fund if the total appropriations of the fund do not increase and if the aggregate change in the original appropriation item does not exceed $10,000 or 10% of the original appropriation.

By resolution, the Board may increase any appropriation item and/or fund to reflect receipt of any additional unbudgeted monies and make the corresponding change to appropriations or the unappropriated balance.

Any other budget amendments shall be adopted by resolution and consistent with Florida law.

The District Manager or Treasurer must establish administrative procedures to ensure that any budget amendments are in compliance with this Section 3 and Section 189.016, Florida Statutes, among other applicable laws. Among other procedures, the District Manager or Treasurer must ensure that any amendments to budget under subparagraphs c. and d. above are posted on the District’s website within 5 days after adoption and remain on the website for at least 2 years.

SECTION 4.	EFFECTIVE DATE. This Resolution shall take effect immediately upon adoption.

PASSED AND ADOPTED THIS 7th DAY OF AUGUST, 2020.

ATTEST:	OLYMPUS COMMUNITY
DEVELOPMENT DISTRICT

Secretary/Assistant Secretary

By:	 Its: Chairman

Olympus Community Development District
FY 2021 O&M Proposed Budget
EXHIBIT A

Actual Through 07/31/2020

Anticipated Aug. - Sep.

Anticipated FY 2020 Totals

FY 2020
Adopted Budget

FY 2021
Proposed Budget

Revenues

Developer Contributions	$	27,779.30		$	63,346.49		$	91,125.79		$ 124,875.00		$ 124,875.00	
Other Income & Other Financing Sources	187.80		-		187.80		-		-	
Total Revenues	$	27,967.10		$	63,346.49		$	91,313.59		$ 124,875.00		$ 124,875.00	

General & Administrative Expenses

Engineering	$	2,172.10		$	1,481.48		$	3,653.58		$	10,000.00		$	10,000.00	
District Management	8,333.34		24,999.99		33,333.33		50,000.00		50,000.00	
District Counsel	11,313.27		3,771.09		15,084.36		25,000.00		25,000.00	
Assessment Administration	-		7,500.00		7,500.00		7,500.00		7,500.00	
Dissemination Agent	-		5,000.00		5,000.00		5,000.00		5,000.00	
Audit Fees	-		5,000.00		5,000.00		5,000.00		6,000.00	
Website Maintenance	3,800.00		1,660.00		5,460.00		5,700.00		2,700.00	
Conference Calls	-		7.41		7.41		50.00		50.00	
Postage and Shipping	8.00		38.52		46.52		260.00		300.00	
General Liability Insurance	2,057.00		-		2,057.00		2,057.00		2,800.00	
Public Officials' Liability Insurance	1,683.00		-		1,683.00		1,683.00		2,350.00	
Travel and Per Diem	124.24		41.41		165.65		1,000.00		1,000.00	
Meeting Room	311.70		103.90		415.60		900.00		950.00	
Copies	-		44.44		44.44		300.00		300.00	
Legal Advertising	8,756.74		2,918.91		11,675.65		9,500.00		9,500.00	
Dues, Licenses & Fees	150.00		-		150.00		175.00		175.00	
Bank Fees	-		37.04		37.04		250.00		250.00	
Miscellaneous	-		-		-		500.00		1,000.00	
Total Expenditures	$	38,709.39		$	52,604.20		$	91,313.59		$ 124,875.00		$ 124,875.00	
Net Income (Loss)	  $	(10,742.29)		  $	10,742.29 		  $	-			  $	-			  $	-		

Page 1 of 1

Olympus Community Development District

Funding Agreement for Fiscal Year 2020-2021

OLYMPUS COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2020/2021 BUDGET FUNDING AGREEMENT

This Agreement (the “Agreement”) is made and entered into this 7th day of August, 2020, by and between:

Olympus Community Development District, a local unit of special-purpose government established pursuant to Chapter 190, Florida Statutes, and located in the City of Clermont, Florida with a mailing address of 12051 Corporate Boulevard, Orlando, Florida 32817 ("District"), and

Olympus Sports & Entertainment Group, LLC, a Florida corporation and the developer of the lands in the District ("Developer") with a mailing address of 12051 Corporate Blvd, Orlando, Florida 32817.

Recitals

WHEREAS, the District was established by an ordinance adopted by the City Council of the City of Clermont, Florida, for the purpose of planning, financing, constructing, operating and/or maintaining certain infrastructure; and

WHEREAS, the District, pursuant to Chapter 190, Florida Statutes, is authorized to levy such taxes, special assessments, fees and other charges as may be necessary in furtherance of the District's activities and services; and

WHEREAS, Developer presently is developing the majority of all real property (“Property”) within the District, which Property will benefit from the timely construction and acquisition of the District's facilities, activities and services and from the continued operations of the District; and

WHEREAS, the District is adopting its general fund budget for Fiscal Year 2020/2021, which year beings on October 1, 2020 and concludes on September 30, 2021 (the “FY 2021 Budget”); and

WHEREAS, the FY 2021 Budget, which both parties recognize may be amended from time to time in the sole discretion of the District, is attached hereto and incorporated herein by reference as Exhibit A; and

WHEREAS, the District has the option of levying non-ad valorem assessments on all land, including the Property owned by the Developer, that will benefit from the activities, operations and services set forth in the FY 2021 Budget, or utilizing such other revenue sources as may be available to it; and

WHEREAS, in lieu of levying assessments on the Property, the Developer is willing to provide such funds as are necessary to allow the District to proceed with its operations as described in Exhibit A; and

WHEREAS, the Developer agrees that the activities, operations and services provide a special and peculiar benefit equal to or in excess of the costs reflected on Exhibit A to the Property; and

WHEREAS, the Developer has agreed to enter into this Agreement in lieu of having the District levy and collect any non-ad valorem assessments as authorized by law against the Property located within the District for the activities, operations and services set forth in Exhibit A;

NOW, THEREFORE, based upon good and valuable consideration and the mutual covenants of the parties, the receipt of which and sufficiency of which are hereby acknowledged, the parties agree as follows:

SECTION 1. The Developer agrees to make available to the District the monies necessary for the operation of the District, as called for in the FY 2021 Budget attached hereto as Exhibit A, within fifteen (15) days of written request by the District. Amendments to the FY 2021 Budget as shown on Exhibit A adopted by the District at a duly noticed meeting shall have the effect of amending this Agreement without further action of the parties. Funds provided hereunder shall be placed in the District's general checking account. In no way shall the foregoing in any way affect the District’s ability to levy special assessments upon the property within the District, including the Property, in accordance with Florida law, to provide funds for any unfunded expenditures whether such expenditures are the result of an amendment to the District’s FY 2021 Budget or otherwise. These payments are made by Developer in lieu of operation and maintenance assessments which might otherwise be levied or imposed by the District.

SECTION 2. The District shall have the right to file a continuing lien (the “Lien”) upon the Property described in Exhibit B for all payments due and owing under the terms of this Agreement and for interest thereon, and for reasonable attorneys’ fees, paralegals’ fees, expenses and court costs incurred by the District incident to the collection of funds under this Agreement or for enforcement of this Lien, and all sums advanced and paid by the District for taxes and payment on account of superior interests, liens and encumbrances in order to preserve and protect the District’s Lien. The Lien shall be effective as of the date and time of the recording of a “Notice of Lien for the FY 2021 Budget” in the public records of Lake County, Florida, stating among other things, the description of the real property and the amount due as of the recording of the Notice, and the existence of this Agreement. The District Manager, in its sole discretion, is hereby authorized by the District to file the Notice of Lien for the FY 2021 Budget on behalf of the District, without the need of further Board action authorizing or directing such filing. At the District Manager’s direction, the District may also bring an action at law against the record title holders to the Property to pay the amount due under this Agreement, or may foreclose the Lien against the Property in any manner authorized by law. The District may partially release any filed Lien for portions of the Property subject to a plat if and when the Developers have demonstrated, in the District’s sole discretion, such release will not materially impair the ability of the District to enforce the collection of funds hereunder. In the event the Developers sell any of the Property described in Exhibit B after the execution of this Agreement, the Developers’ rights and obligations under this Agreement shall remain the same, provided however that the District shall only have the right to file a Lien upon the remaining Property owned by the Developers.

SECTION 3. In the event Developer fails to make payments as and when due to the District pursuant to this Agreement, the District shall have the following remedies, in addition to other remedies available at law and equity:

At the Board’s direction, the District may bring an action at law against the record title holder to the Property to pay the amount due under this Agreement, or may foreclose the Lien against the Property in any manner authorized by law. The District may enforce the collection of funds due under this Agreement by action against Developer in the appropriate judicial forum in and for Lake County, Florida. The enforcement of the collection of funds in this manner shall be in the sole discretion of the District Manager on behalf of the District.

The District hereby finds that the activities, operations and services set out in Exhibit A provide a special and peculiar benefit to the Property, which benefit is initially allocated on an equal developable acreage basis. Developer agrees that the activities, operations and services set forth in Exhibit A provide a special and peculiar benefit to the Property equal to or in excess of the costs set out in Exhibit A, on an equal developable acreage basis. Therefore, in the alternative, or in addition to the other methods of collection set forth in this Agreement, the District, in its sole discretion, may choose to certify amounts due hereunder as a non-ad valorem assessment on all or any part of the Property for collection, either through the Uniform Method of Collection set forth in Chapter 197, Florida Statutes, or under any method of direct bill and collection authorized by Florida law. Such assessment, if imposed, may be certified on the next available tax roll of the Lake County property appraiser. Developer hereby waives and/or relinquishes any rights it may have to challenge or object to such assessments if imposed, as well as the means of collection thereof.

SECTION 4. This instrument shall constitute the final and complete expression of the agreement between the parties relating to the subject matter of this Agreement. Amendments to and waivers of the provisions contained in this Agreement may be made only by an instrument in writing which is executed by both of the parties hereto.

SECTION 5. The execution of this Agreement has been duly authorized by the appropriate body or official of all parties hereto, each party has complied with all the requirements of law, and each party has full power and authority to comply with the terms and provisions of this instrument.

SECTION 6. This Agreement may be assigned, in whole or in part, by either party only upon the written consent of the other, which consent shall not be unreasonably withheld. In the event that Developer sells or otherwise disposes of its business or of all or substantially all of its assets relating to the lands within the District, including the Property, Developer will expressly require that the purchaser agree to be bound by the terms of this Agreement. In the event of such sale or disposition, Developer may place into escrow an amount equal to the then unfunded portion of the adopted FY 2021 Budget to fund any budgeted expenses that may arise during the remainder of the fiscal year and provide the District evidence of assignment of this Agreement to the purchaser. Upon confirmation of the deposit of said funds into escrow, and evidence of such assignment to, and assumption by the purchaser, the Developer’s obligation under this Agreement

shall be deemed fulfilled and this Agreement terminated with respect to Developer’s obligations. The parties hereto recognize that Developer is responsible for expenditures of the District in the FY 2021 Budget and that expenditures approved by the Board may exceed the amount adopted in the FY 2021 Budget. Developer shall notify the District in writing ninety (90) days prior to an anticipated sale or disposition of all or substantially all of the Property.

SECTION 7. A default by either party under this Agreement shall entitle the other to all remedies available at law or in equity, which shall include, but not be limited to, the right of damages, injunctive relief and specific performance and specifically including the ability of the District to enforce any and all payment obligations under this Agreement in the manner described in Paragraph 3 above.

SECTION 8. This Agreement is solely for the benefit of the parties hereto and no right or cause of action shall accrue upon or by reason hereof, to or for the benefit of any person or entity not a party hereto. Nothing in this Agreement expressed or implied is intended or shall be construed to confer upon any person or entity other than the parties hereto any right, remedy or claim under or by reason of this Agreement or any provisions or conditions hereof; and all of the provisions, representations, covenants and conditions herein contained shall inure to the sole benefit of and shall be binding upon the parties hereto and their respective representatives, successors and assigns subject to the terms of Paragraph 6 above.

SECTION 9. This Agreement and the provisions contained herein shall be construed, interpreted and controlled according to the laws of the State of Florida. Venue shall be in Lake County, Florida.

SECTION 10. This Agreement has been negotiated fully between the parties as an arm's length transaction. The parties participated fully in the preparation of this Agreement with the assistance of their respective counsel. In the case of a dispute concerning the interpretation of any provision of this Agreement, the parties are each deemed to have drafted, chosen and selected the language, and the doubtful language will not be interpreted or construed against any party.

SECTION 11. The Agreement shall be effective after execution by both parties hereto. The enforcement provisions of this Agreement shall survive its termination, until all payments due under this Agreement are paid in full.

SECTION 12. In the event that either party is required to enforce this Agreement by court proceedings or otherwise, then the parties agree that the substantially prevailing party shall be entitled to recover from the other all costs incurred, including reasonable attorneys' fees, paralegal fees and expert witness fees and costs for trial, alternative dispute resolution, or appellate proceedings.

[signatures on following page]

IN WITNESS WHEREOF, the parties execute this Agreement the day and year first written above.

ATTEST:	OLYMPUS COMMUNITY
DEVELOPMENT DISTRICT

Secretary/Assistant Secretary	Chairman/Vice Chairman

Olympus Sports & Entertainment Group LLC, a Florida corporation

Witness	By:  	
Its:  	

Exhibit A:	Fiscal Year 2020/2021 General Fund Budget
Exhibit B:	Description of the Property

Exhibit A

Fiscal Year 2020/2021 General Fund Budget

Olympus Community Development District
FY 2021 O&M Adopted Budget

FY 2021
Adopted Budget

Revenues
Developer Contributions
Other Income & Other Financing Sources
Total Revenues

General & Administrative Expenses

$    124,875.00
-

$    124,875.00

Engineering	$	10,000.00	
District Management	50,000.00	
District Counsel	25,000.00	
Assessment Administration	7,500.00	
Dissemination Agent	5,000.00	
Audit Fees	6,000.00	
Website Maintenance	2,700.00	
Conference Calls	50.00	
Postage and Shipping	300.00	
General Liability Insurance	2,800.00	
Public Officials' Liability Insurance	2,350.00	
Travel and Per Diem	1,000.00	
Meeting Room	950.00	
Copies	300.00	
Legal Advertising	9,500.00	
Dues, Licenses & Fees	175.00	
Bank Fees	250.00	
Miscellaneous	1,000.00	
Total Expenditures	$ 124,875.00	

Net Income (Loss)	 $	-	

Page 1 of 1

Exhibit B
Description of the Property

Olympus Community Development District

Payment Authorization Nos. 10-14

Olympus
C O M M U N I T Y	D E V E L O P M E N T	D I S T R I C T

Payment Authorization No. 010 (revised)	
6/5/2020	

Item	Vendor	Invoice	General	
No.		Number	Fund	

1	PFM Group Consulting		
	February Postage	OE-EXP-00746	

$	1.00

TOTAL	$	1.00

Board Member

Olympus
C O M M U N I T Y	D E V E L O P M E N T	D I S T R I C T

Payment Authorization No. 011	
6/12/2020	

Item	Vendor	Invoice	General	
No.		Number	Fund	

1	Orlando Sentinel		
	Legal Advertising on 05/05 & 05/26/2020; Ad: 6667528	OSC20838564	
	Legal Advertising on 05/12/2020; Ad: 6670564	OSC20838564	
	Legal Advertising on 05/29/2020; Ad: 6677874	OSC20838564	
	Legal Advertising Credit	--	

$ 2,075.04	
$	233.75	
$	421.26	
$	(256.25)	

TOTAL	$ 2,473.80

Board Member

Olympus
C O M M U N I T Y	D E V E L O P M E N T	D I S T R I C T

Payment Authorization No. 012	
6/26/2020	

Item	Vendor	Invoice	General	
No.		Number	Fund	

1	Hopping Green & Sams		
	General Counsel Through 05/31/2020	115435	

$  2,654.00

TOTAL	$  2,654.00

Board Member

Olympus
C O M M U N I T Y	D E V E L O P M E N T	D I S T R I C T

Payment Authorization No. 013 (revised)	
7/3/2020	

Item	Vendor	Invoice	General	
No.		Number	Fund	

1	VGlobalTech		
	Quarterly ADA & WCAG Audit	1715	

$	300.00

TOTAL	$	300.00

Board Member

Olympus
C O M M U N I T Y	D E V E L O P M E N T	D I S T R I C T

Payment Authorization No. 014	
7/31/2020	

Item	Vendor	Invoice	General	
No.		Number	Fund	

1	PFM Group Consulting		
	Reimbursables: May 2020	OE-EXP-00907	
	Reimbursables: June 2020	OE-EXP-00962	

$	2.00	
$	2.50	

2	VGlobalTech		
	Web Design: ADA Compliance - Type M	1799	
	ADA Website Maintenance: July 2020	1807	

$ 3,000.00	
$	500.00	

TOTAL	$ 3,504.50

Board Member

Olympus Community Development District

District’s Financial Position And Budget to Actual YTD

Olympus CDD
Statement of Financial Position As of 7/31/2020

General Fund	Construction
Fund

Total

Assets

Current Assets
General Checking Account Total Current Assets

$3,066.55	$3,066.55

$3,066.55	$0.00	$3,066.55

Total Assets	$3,066.55		$0.00		$3,066.55	

Liabilities and Net Assets					
Current Liabilities
Accounts Payable	$14,792.84				
$14,792.84	
Total Current Liabilities	$14,792.84		$0.00		$14,792.84	
Total Liabilities	$14,792.84		$0.00		$14,792.84	

Net Assets				

0.00	
Current Year Net Assets, Unrestricted	(984.00)				(984.00)	
				0.00	
Current Year Net Assets - General Government	(10,742.29)				(10,742.29)	
Total Net Assets	($11,726.29)		$0.00		($11,726.29)	
					
Total Liabilities and Net Assets	$3,066.55		$0.00		$3,066.55	

Olympus CDD Statement of Activities As of 7/31/2020

General Fund	Construction
Fund

Total

Revenues

Developer Contributions	$27,779.30				$27,779.30	
Other Income & Other Financing Sources	187.80				187.80	
Inter-Fund Transfers In	(984.00)				(984.00)	
Inter-Fund Transfers In			$984.00		984.00	
Total Revenues	$26,983.10		$984.00		$27,967.10	

Public Officials' Liability Insurance	$1,683.00				$1,683.00	
Management	8,333.34				8,333.34	
Engineering	2,172.10				2,172.10	
District Counsel	11,313.27				11,313.27	
Travel and Per Diem	124.24				124.24	
Postage & Shipping	8.00				8.00	
Legal Advertising	8,756.74				8,756.74	
Meeting Room	311.70				311.70	
Web Site Maintenance	3,800.00				3,800.00	
Dues, Licenses, and Fees	150.00				150.00	
General Insurance	2,057.00				2,057.00	
District Counsel			$984.00		984.00	
Total Expenses	$38,709.39	$984.00	$39,693.39

her Revenues (Expenses) & Gains (Losses)	
Total Other Revenues (Expenses) & Gains (Losses)	$0.00		$0.00		$0.00	
Change In Net Assets	($11,726.29)		$0.00		($11,726.29)	

Net Assets At Beginning Of Year	
$0.00		
$0.00		
$0.00	

Net Assets At End Of Year	
($11,726.29)		
$0.00		
($11,726.29)	

Expenses

Ot

Olympus CDD
Budget to Actual
For the Month Ending 7/31/2020

Year To Date

Actual	Budget	Variance	FY 2020
Adopted Budget

Revenues		
Developer Contributions	$	27,779.30		$	104,062.50		$	(76,283.20)		$	124,875.00	
Other Income & Other Financing Sources	187.80		-		187.80		-	
Net Revenues	$	27,967.10		$	104,062.50		$	(76,095.40)		$	124,875.00	
General & Administrative Expenses								
Public Officials' Liability Insurance	$	1,683.00		$	1,402.50		$	280.50		$	1,683.00	
Management	8,333.34		41,666.70		(33,333.36)		50,000.00	
Engineering	2,172.10		8,333.30		(6,161.20)		10,000.00	
Dissemination Agent	-		4,166.70		(4,166.70)		5,000.00	
District Counsel	11,313.27		20,833.30		(9,520.03)		25,000.00	
Assessment Administration	-		6,250.00		(6,250.00)		7,500.00	
Audit	-		4,166.70		(4,166.70)		5,000.00	
Travel and Per Diem	124.24		833.30		(709.06)		1,000.00	
Telephone	-		41.70		(41.70)		50.00	
Postage & Shipping	8.00		216.70		(208.70)		260.00	
Copies	-		250.00		(250.00)		300.00	
Legal Advertising	8,756.74		7,916.70		840.04		9,500.00	
Bank Fees	-		208.30		(208.30)		250.00	
Miscellaneous	-		416.60		(416.60)		500.00	
Meeting Room	311.70		750.00		(438.30)		900.00	
Web Site Maintenance	3,800.00		4,750.00		(950.00)		5,700.00	
Dues, Licenses, and Fees	150.00		145.80		4.20		175.00	
General Insurance	2,057.00		1,714.20		342.80		2,057.00	
Total General & Administrative Expenses	$	38,709.39		$	104,062.50		$	(65,353.11)		$	124,875.00	

Total Expenses	
  $	38,709.39 		
   $	104,062.50 		
   $	(65,353.11)		
  $	124,875.00 	
Net Income (Loss)	$	(10,742.29)		$	-		$	(10,742.29)		$	-