MINUTES OF MEETING

OLYMPUS COMMUNITY DEVELOPMENT DISTRICT BOARD OF SUPERVISORS' MEETING
Thursday, May 8, 2025, at 11:00 a.m.
Holiday Inn Express 1810 S. HWY. 27, Clermont, FL 34711

Board Members present:

Board Members present:

Michael Carroll, Jr. Russ Caldwell Andrew Reber Shawn Walton

Also attending:

Chair
Vice Chair Assistant Secretary Assistant Secretary

Lynne Mullins Jennifer Walden Blake Firth Johnathan Johnson Rob Rosen
Rudd Jones

FIRST ORDER OF BUSINESS

PFM PFM PFM
Kutak Rock Burr & Forman Matthews

(via phone) (via phone) (via phone) (via phone) (via phone)

Organizational Matters

Roll Call to Confirm Quorum

Ms. Mullins called the meeting to order at 11:02 a.m. and a quorum was established.

SECOND ORDER OF BUSINESS	Public Comment Period

Ms. Mullins called for public comments. There were no public comments.

THIRD ORDER OF BUSINESS	Consideration of the Minutes of the March 13, 2025, Board of Supervisors' Meeting

The Board reviewed the minutes.

On motion by Mr. Carroll, seconded by Mr. Caldwell, with all in favor, the Board of Supervisors for the Olympus Community Development District approved the Minutes of the March 13, 2025, Board of Supervisors Meeting.

FOURTH ORDER OF BUSINESS	Letter	from	Supervisor	of Elections - Lake County

Ms. Mullins noted as of April 15, 2025, there are 200 registered voters in the District per the Letter from the Supervisor of Elections - Lake County. No action was required from the Board.

FIFTH ORDER OF BUSINESS	Business Matters

Consideration of DM Fee Increase Letter for FY 2026

Ms. Mullins noted that District Management is requesting an increase from $50,000 to $57,500 for the year. There is increased accounting work related to the bonds and PFM has not taken an increase since 2022.

On motion by Mr. Carroll, seconded by Mr. Walton, with all in favor, the Board of Supervisors for the Olympus Community Development District approved the OM Fee Increase Letter for FY 2026.

SIXTH ORDER OF BUSINESS		Consideration of Resolution 2025- 12, Approving the Proposed Budget for Fiscal Year 2025-2026 and Setting a Public Hearing Date, Time, and Location

Ms. Mullins recommended August 14, 2025, at 11:00 a.m., at the same location for the Public Hearing. She noted this is the same overall budget as last year and has been reviewed by the Chair.

On motion by Mr. Reber, seconded by Mr. Caldwell, with all in favor, the Board of Supervisors for the Olympus Community Development District approved Resolution 2025-12, Approving the Proposed Budget for Fiscal Year 2025-2026 and Setting a Public Hearing Date, Time, and Location, as August 14, 2025, at 11:00 a.m., at the same location.

SEVENTH ORDER OF BUSINESS		Consideration of Proposal from VGlobalTech for Increase of Monthly Website Maintenance

Ms. Mullins noted the vendor is requesting an increase from $130 to $145 a month. They have not had an increase since 2021.

On motion by Mr. Walton, seconded by Mr. Caldwell, with all in favor, the Board of Supervisors for the Olympus Community Development District approved the Proposal from VGlobalTech for Increase of Monthly Website Maintenance.

EIGHTH ORDER OF BUSINESS	Consideration of Olympus Phase 1B & 2 Change Order #1 (Ferguson)
The Board reviewed the change order.

Mr. Jones gave an overview of the change orders. He noted the amounts were not matching up to his records. He would like to review.

Mr. Carroll suggested approving the change orders in substantial form, with authorization for the Chair to have final review and execution.

On motion by Mr. Carroll, seconded by Mr. Walton, with all in favor, the Board of Supervisors for the Olympus Community Development District approved the Olympus Phase 1B & 2 Change Order #1 (Ferguson), in substantial form.

NINTH ORDER OF BUSINESS	Consideration of Olympus Phase 1B & 2 Change Order #1 (Xylem)

On motion by Mr. Carroll, seconded by Mr. Walton, with all in favor, the Board of Supervisors for the Olympus Community Development District approved the Olympus Phase 1B & 2 Change Order #1 (Xylem), in substantial form.

TENTH ORDER OF BUSINESS	Consideration of Olympus Phase 1B & 2 Change Order #8 (Ferguson ODP)

On motion by Mr. Walton, seconded by Mr. Reber, with all in favor, the Board of Supervisors for the Olympus Community Development District approved Olympus Phase 1B & 2 Change Order #8 (Ferguson ODP), in substantial form.

ELEVENTH ORDER OF BUSINESS	Consideration of Olympus Phase 1B & 2 Change Order #9

On motion by Mr. Carroll, seconded by Mr. Reber, with all in favor, the Board of Supervisors for the Olympus Community Development District approved the Olympus Phase 1B & 2 Change Order #9, in substantial form.

TWELFTH ORDER OF BUSINESS	Consideration of Olympus Phase 18 & 2 Change Order #10 (Xylem)

On motion by Mr. Walton, seconded by Mr. Caldwell, with all in favor, the Board of Supervisors for the Olympus Community Development District approved the Olympus Phase 1B & 2 Change Order #10 (Xylem), in substantial form.

THIRTEENTH ORDER OF BUSINESS	Ratification	of Authorization No. 113

Payment

Ms. Mullins noted this payment authorization has been approved and paid and is solely for ratification.

On motion by Mr. Carroll, seconded by Mr. Caldwell, with all in favor, the Board of Supervisors for the Olympus Community Development District ratified Payment Authorization No. 113.

FOURTEENTH ORDER OF BUSINESS	Review	of	District's	Financial Position and Budget to Actual YTD

The Board reviewed the District's financial position and budget through March 2025. Ms. Mullins stated that the District has spent approximately 29% of the budget.

FIFTEENTH ORDER OF BUSINESS	Other Business

Staff Reports

District Counsel - District Engineer - District Manager -

No report. No report. No report.

Developer's Report -	No report.

SIXTEENTH ORDER OF BUSINESS	Supervisor	Requests Audience Comments

and

There were no supervisor requests or audience comments at this time.

Mr. Carroll asked for an update on Phase 2 regarding the stormwater. Mr. Jones noted he will setup a call to discuss and send out a summary via email. Ms. Mullins requested to be included on the email summary as well.

SEVENTEENTH ORDER OF BUSINESS	Adjournment

Ms. Mullins called for a motion.

On motion by Mr. Caldwell, seconded by Mr. Reber, with all in favor, the May 8, 2025, Meeting of the Board of Supervisors for the Olympus Community Development District was adjourned.