MINUTES OF SPECIAL MEETING VILLASOL COMMUNITY DEVELOPMENT DISTRICT The regular meeting of the Board of Supervisors of the VillaSol Community Development District was held Friday May 5, 2023, at 10:00 a.m. at VillaSol Clubhouse, 3050 Puerta Del Sol Boulevard, Kissimmee, FL 34744. Present and constituting a quorum were: Herman Perez Chairman Mario Cordova (by phone) Vice Chairman Corey Gagnon Assistant Secretary Servando Comas Assistant Secretary Michael Edgecombe Assistant Secretary Also participating were: Gabriel Mena District Manager Angel Montagna Regional Manager Freddy Blanco Field Manager Kristen Trucco Latham Luna FIRST ORDER OF BUSINESS Call to Order and Roll Call Mr. Mena called the meeting to order at 10:00 a.m. Mr. Mena called the roll and indicated a quorum was present for the meeting. SECOND ORDER OF BUSINESS Pledge of Allegiance The Pledge ofAllegiance was recited. THIRD ORDER OF BUSINESS Discussion Items A. Review of Requests for Proposals for District Management Mr. Mena suggested each company be limited to 20 minutes each for their presentations. i. Governmental Management Services A representative for Governmental Management Services (GMS) provided information regarding their operations, company, and services they provide. It was stated they manage 250 Districts. Another representative provided information regarding their office locations, operation, and staff. Discussion ensued regarding the management transition on June 1. Mr. Perez asked if GMS offered anything weekly that is covered in the agreement or is it an extra cost. It was stated GMS offers maintenance contracts. Villa Sol cnn May 5, 2023 Mr. Perez asked if the field manager included things like fire extinguishers, alc filters and if it was an additional cost or included. It was stated that they are included. OMS stated their priority is the budget. Mr. Comas asked if GMS has ever transitioned from Inframark. It was stated that GMS has made over 80 transitions from Inframark. Mr. Comas asked if there was going to be any issues transitioning records by June 1. GMS stated anything requiring a permit, or licensed individual would be subcontracted out. Mr. Cordova stated his main concern is the work getting done appropriately. Mr. Cordova asked if OMS keeps Maintenance records. GMS stated they do keep those records internally but would be able to provide at request. ii. PFM Group Consulting, LLC A representative for PFM Group Consulting, LLC provided information regarding their operations, company, and services they provide. It was stated that PFM meets with the vendors to start off with and inspects the District monthly. A discussion ensued regarding work orders. It was stated that insurance and licenses are put into the system prior to any work being done. Mr. Perez asked about the monthly maintenance fee. It was stated this fee is for the website and the fees are kept separate from the management fees. Mr. Perez asked if the field manager included things like fire extinguishers, alc filters and if it was an additional cost or included. PFM stated that is included in the costs and there will be work orders done. A discussion ensued regarding banking and what options are given to the District. Discussion ensued regarding risks involved with the transition from Inframark and during the budget season. Discussion ensued regarding the reserve study. It was stated that the District does not have a reserve study. Mr. Comas asked ifPFM has ever transitioned from Inframark. It was stated that they have not. FOURTH ORDER OF BUSINESS Open Supervisor Discussion Mr. Mena provided two options for transitioning a new company in budget season. Mr. Mena stated a special meeting or set the budget high and then can be reduced as a suggestion. A discussion ensued regarding tax exempt bonds and refinancing current bonds. 2 Villa Sol CDD May 5, 2023 Discussion ensued regarding GMS and PFM management services. Mr. Cordova stated he was concerned that PFM has a different company doing their field work and they are located in Leesburg. FIFTH ORDER OF BUSINESS Audience Comments A Resident stated he likes GMS however he liked that PFM pointed out that some things can be fixed and their concerns with being involved in the budget. He also stated that some Residents might be concerned if the Board chooses to raise the budget and provide an explanation as to why. Mr. Mena provided an explanation ofthe reserve study. SIXTH ORDER OF BUSINESS Adjournment I Meeting adjourned at 11:46 a.m. 3