1. Myakka Valley Ranches Multi-Phase Comprehensive Road Plan
August 21, 2017

2. Open Meeting as per the Agenda
Workshop Overview
Purpose of this Workshop and Clarifications of Reserves vs. Grants
Members and Invited Guests – Please Remember The Golden Rule
All questions and comments will be addressed after the presentation
Each person will be allowed to speak with either
Two Questions or
One Question and One 3 Minute Comment
Open Meeting as per the Agenda

3. Multi-Phase Comprehensive Road Plan
The MVRIA Member approved Multi-Phase Road Plan is designed to address the needed drainage repairs and road repaving throughout the Valley without the need for any special assessments for MVRIA homeowner members.
The project will be divided into two parts – Primary Roads and Secondary Roads. Each part will have multiple phases that will be completed over several years.

4. Multi-Phase Comprehensive Road Plan
Our Road Reserve account is projected to have a total of $385,738 by March to begin Phase 1 of the Road Plan
Breakdown of Funds:
$195,920 - Road Reserve – May-2016
$40, Road Case Settlement – May-2016 (paid back money borrowed from reserve for member lawsuit)
$ 3,245 - Replenish the remaining balance from the member lawsuit
$69,720 – 2016/2017 Annual Assessment for Road Reserve – March-2017
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$308,885
+ $76,853 – 2017/2018 Annual Assessment for Road Reserve – March-2018
$385,738 – Total Funds Available for Phase 1

5. Multi-Phase Comprehensive Road Plan
In addition to the $385,738 total funds available for Phase 1…
$65,000 From the cell tower company (to be used to pave the Unrecorded section of MVT from the Guardhouse to the Nursery)
$300,000 Member approved bank loan* (I will discuss the status)
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$365,000 additional funds
Total Funds - $750,738.00

6. Multi-Phase Comprehensive Road Plan
Our $300,000 bank loan was approved in April when we won all 6 counts of the member lawsuit, but the approval was rescinded by the bank due to the latest Appeal filed in May.
Unfortunately, we now have $450,738 in total funds and not the $750,738 the bank loan would have raised our total to

7. Multi-Phase Comprehensive Road Plan
Plan B
As part of the Paving Contractor Bid, we will request they allow for a final payment in the amount of approx. $84,300 (which represents 50% of the 2018/2019 Annual Dues that go to the Road Reserve in 2018) to be delayed until late 2018 (approx. six months from the completion of Phase 1
That will raise our budget to - $535,038
The $535,038 in Total Road Project Funds will be used for drainage, road milling, road repairs, striping, signage, safety, and fresh new pavement on:
MVT From State Road 72 to across the Bridge to Combee Lane. Any remaining funds will be used on Old Ranch Road.
All Bids will be reviewed by 3rd party engineer/project manager and our attorney

8. Road Safety and Security
Annual Meeting Member Main Concerns Were Traffic Safety of neighbors walking, running, biking, horseback riding, golf carts, etc.
Current Speed Limit – 35 mph, however not posted anywhere in the Valley
Proposal - lower speed to either 25mph or 30 mph with postings throughout the Valley.
Stop Signs, Caution Signs, Reflective Striping and Reflectors on Curves
New pavement will continue 20 feet into side roads w/painted stop bar & stop sign

9. Road Safety and Security
Continued…
Non-Perminent Speed Tables

11. Road Safety and Security
Continued…
Security Gates

13. Residents will have either
Bar Code Scanners or
auto-remotes to open gates
Gates Auto-Open
Upon Exit
Will lower homeowners
insurance
Gates paid for with Operating Budget money and not Road Reserves

14. Additional Items of Interest
Speed Islands
Residents will be able to individually contract with the awarded paving contractor for reduced pavement pricing for their property
Estimated Start Date – February-2018

15. Questions and Comments
Close Meeting