VERONA WALK COMMUNITY DEVELOPMENT DISTRICT COLLIER COUNTY REGULAR BOARD MEETING OCTOBER 19, :00 A.M.

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1 VERONA WALK COMMUNITY DEVELOPMENT DISTRICT COLLIER COUNTY REGULAR BOARD MEETING OCTOBER 19, :00 A.M. Special District Services, Inc. The Oaks Center 2501A Burns Road Palm Beach Gardens, FL Telephone 877.SDS.4922 Toll Free Facsimile

2 AGENDA VERONA WALK COMMUNITY DEVELOPMENT DISTRICT Town Center at Verona Walk 8090 Sorrento Lane Naples, Florida REGULAR BOARD MEETING September 11, :00 a.m. A. Call to Order B. Pledge of Allegiance C. Proof of Publication..Page 1 D. Consider Resignation and Appointment to Vacancy...Page 3 E. Establish Quorum F. Election of Officers Chairman Vice Chairman Secretary/Treasurer Assistant Secretaries G. Additions or Deletions to Agenda H. Comments from the Public for Items not on the Agenda I. Approval of Minutes 1. August 17, 2017 Regular Board Meeting & Public Hearing.Page 6 J. Old Business K. New Business 1. Consider Approval of Fourth Supplemental Assessment Methodology Report of Benefits for 2017 Refinancing...Page Consider Resolution No Declaring Special Assessments Related to Refunding District Capital Improvement Revenue Bonds, Series 2006 Page Consider Resolution No Setting a Public Hearing on Imposing Special Assessments Related to Refunding Page Consider Resolution No Adopting a Fiscal Year 2016/2017 Amended Budget.Page Update on Post-Storm Status L. Administrative Matters 1. District Attorney Update 2. District Engineer Update 3. Field Inspector Update 4. District Manager Update M. Board Members Comments N. Adjourn

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5 From: harry barford Sent: Monday, October 2, :45 PM To: Kathleen Dailey Cc: Greg Urbancic Attorney Subject: RESIGNATION Kathleen: Due to my declining health, I find it necessary to resign from the Verona Walk CDD Board of Supervisors effective immediately. I have enjoyed my time on the board and have developed many friendships with several of the board members. I continue to have deep respect for you and your superior work ethic. I feel confident that with all we have accomplished from Day One, that the Verona Walk CDD is one of the most successful entity of its kind in SWFL. There is no doubt in my mind that I leave the VW CDD Board of Supervisors in the very capable and professional hands with Diane taking the reins. My sincerest best wishes and thanks, Sincerely, Harry J. Barford P.E., P.R.S. PS: I would appreciate your distributing this to the necessary individuals. Thank you. HB Sent from my ipad Harry J. Barford 8505 Deimille Ct. Naples, Fl Page 3

6 PAULINE CARON 8783 Ferrara Ct, Naples, FL (239) October 7, 2017 Harry Barford, Chairman Verona Walk CDD Dear Mr. Barford I am writing to express interest in the anticipated vacancy on the Verona Walk Community Development District. My professional background includes 28 years as a school administrator a role which required the successful management of a multi-million dollar budget, one hundred fifty staff members, and multiple education programs. During my tenure as the principal of a 1,500 pupil school, I served on the construction committee that oversaw a comprehensive 16-month, six million dollar renovation of the building. Underscoring a dedication to my field were numerous professional committees and supervision of Rivier College s graduate level administrative practicums. Throughout my career, I have addressed tasks with professionalism, commitment, and integrity. I am able to offer you a strong work ethic combined with excellent management and organizational skills. I have long had an interest in the CDD s work and would commit to serve the interests of the community-at-large. I submit the above for your consideration. Sincerely, PAULINE CARON Page 4

7 Goal Summary Community /Volunteer Activities Douglas A. Jensen 10/ Ferrara Court, Naples, FL (312) To utilize my leadership, administrative and business skills in support of the Verona Walk community in general and the residents specifically. Energetic ethical leader and proven administrator with excellent problem solving and relationship building skills; and a common sense approach to successfully balancing financial responsibility with user expectations and needs. ICSO H&W Trust - Countrywide Current Chair of named fiduciaries administering health and welfare benefits for 40 insurance industry employers and 1,400 participants. Continue to drive major improvement in ICSO H&W benefit administration while achieving cost saving for participating employers. First Presbyterian Church of Naples- Naples Current Member of Associate Pastor Nominating Committee. Conservancy of Southwest Florida - Naples Current Boat captain and narrator highlighting the ecosystems of southwest Florida. Grace Place for Children and Families - Naples Current Teacher s Assistant for three year olds in Bright Beginnings program. ICSO 401(k) Trust - Countrywide Named fiduciary for 401(k) plan for 46 insurance industry employers, 1,600 participants and $260,000,000 in assets. Achieved benefit improvements while reducing costs. Lakeview Presbyterian Church - Chicago Member of Session; Chair of Personnel Committee; Member of OHG (Capital Campaign) Committee; Chair of OHG Business Planning Committee; Chair of Associate Pastor Nominating Committee. Lincoln Central Association - Chicago Member of Zoning Committee for association serving Lincoln Park neighborhood. Clusters on Vine Homeowners Association - Chicago President/member of board for self-managed thirty-unit homeowner s association. East Lakeview Neighbors - Chicago Member of board for community group serving about 25,000 neighborhood residents. Career President, Illinois FAIR Plan Association Not-for-profit property insurance company providing insurance for property owners who could not obtain insurance in the standard market for reasons beyond their control. Achieved significant Plan expense reductions while not sacrificing customer service through increased efficiencies, 50% staff reduction, effective use of automation, vendor management, benefit cost savings and cost sharing with other state FAIR Plans. Vice President, Zurich-American Commercial Insurance Vice President, Lumbermen s Mutual Insurance Company Insurance Company of North America Personal Fini Geography Living full time in Verona Walk since September, 2015 Raised in Minnesota, followed by career moves to Chicago, Philadelphia, Kansas City, Ohio, Chicago again, New York City, New Jersey and eventually returning to Chicago Family Wife Holly, married forty - eight years. Two children and one grandson Education Associates of Arts Degree, Willmar Community College Service to others is the rent you pay for your room here on Earth." - Muhammad Ali Page 5

8 VERONA WALK COMMUNITY DEVELOPMENT DISTRICT PUBLIC HEARING & REGULAR BOARD MEETING AUGUST 17, 2017 A. CALL TO ORDER The August 17, 2017, Regular Board Meeting of the Verona Walk Community Development District was called to order at 10:00 a.m. in the Town Center at Verona Walk located at 8090 Sorrento Lane, Naples, Florida B. PLEDGE OF ALLEGIANCE C. PROOF OF PUBLICATION Proof of publication was presented that notice of the Regular Board Meeting had been published in the Naples Daily News on October 3, 2016, as part of the District s Fiscal year 2016/2017 Regular Meeting Schedule, as legally required. D. ESTABLISH A QUORUM It was determined that the attendance of the following Supervisors constituted a quorum and it was in order to proceed with the meeting: Chairman Harry Barford (via phone) Present Vice Chairperson Diann Cucinella Present Supervisor Patrick Clifford Absent Supervisor Jack Hogan Present Supervisor Michael J. Doyle Present Staff members in attendance were: District Manager Kathleen Dailey Special District Services General Counsel Greg Urbancic Coleman, Yovanovich & Koester Engineer Terry Cole (via phone) Hole Montes Contract Field Inspector Bohdan Hirniak Also present were: Matt Lalla of First Southwest (via phone); Joey Cope Verona Walk Community Manager; and the following District residents: Joe Cucinella, David Caroh, Marilyn & Richard Czubkowski and Larry Misszcak. E. ADDITIONS OR DELETIONS TO THE AGENDA There were no additions or deletions to the agenda. F. COMMENTS FROM THE PUBLIC FOR ITEMS NOT ON THE AGENDA Page 1 of 6 Page 6

9 VERONA WALK COMMUNITY DEVELOPMENT DISTRICT PUBLIC HEARING & REGULAR BOARD MEETING AUGUST 17, 2017 District resident Larry Misszcak stated that he was on the Board when it started and all seems to be working well. He asked about a Board Member being paid and indicated that when he was on the Board no one received payment, as he thought it had been a Board decision. Ms. Dailey explained that it is an individual decision and one Board Member chose to take the payment. G. APPROVAL OF MINUTES 1. May 18, 2017, Regular Board Meeting The May 18, 2017, Regular Board Meeting minutes were presented for approval. A motion was made by Mr. Hogan, seconded by Mr. Doyle and passed unanimously to approve the minutes of the May 18, 2017, Regular Board Meeting, as presented. The Regular Board Meeting was then recessed and the Public Hearing was opened. H. PUBLIC HEARING 1. Proof of Publication Proof of publication was presented that notice of the Public Hearing had been published in the Naples Daily News on July 28, 2017, and August 4, 2017 as legally required. 2. Receive Public Comment on the Fiscal Year 2017/2018 Final Budget There was no public comment on the Fiscal Year 2017/2018 Final Budget. 3. Consider Resolution No Adopting a Fiscal Year 2017/2018 Final Budget Resolution No was presented, entitled: RESOLUTION NO A RESOLUTION OF THE VERONA WALK COMMUNITY DEVELOPMENT DISTRICT ADOPTING A FISCAL YEAR 2017/2018 BUDGET. A motion was made by Mr. Doyle, seconded by Mr. Hogan and passed unanimously to adopt Resolution No , as presented. The Public Hearing was then closed and the Regular Board Meeting was reconvened. I. OLD BUSINESS 1. Update Regarding Golf Cart Storage Page 2 of 6 Page 7

10 VERONA WALK COMMUNITY DEVELOPMENT DISTRICT PUBLIC HEARING & REGULAR BOARD MEETING AUGUST 17, 2017 Mr. Hirniak advised that progress had been made and, coordinating with the HOA, the parking bumpers were cut and the current storage area is now working better. 2. Update Regarding Lake Spraying Mr. Hirniak advised that spraying was ongoing and Nolan Noris is hitting the edges for torpedo grass. He explained that this can cause some dead material in the lakes while it decomposes. Mr. Doyle asked if the dead material on Julia is brown from spraying and Mr. Hirniak responded that it was. Mr. Hirniak added that the spike rush is under control much better this year. Mr. Doyle asked about the actual expenses versus budget on spraying costs and Ms. Cucinella responded that spraying costs are under budget. Mr. Doyle asked about the accumulation of debris in some ponds and Mr. Hirniak advised that Verona Walk has a passive lake system where dead material stays and decomposes. 3. Discussion Regarding Bridge/Roadway Ownership Ms. Dailey gave the background whereas the engineer had produced a report that was included in the agenda packet, which detailed how the bridges in the District are the responsibility of the HOA. Mr. Doyle stated that he had reviewed several documents and disagreed with the findings. He furthered that he felt that a declaration had been negated by the dissolution of the maintenance agreement between the CDD and HOA. He noted that believes the bridges are owned by the CDD and asked that the attorney research the issue. Mr. Barford stated that the issue has been resolved and that it makes no sense to put money and energy into the issue since it is all coming from the residents big pot and that the bridges are the responsibility of the HOA, not the CDD, as had been noted by the attorney and engineer. Mr. Barford made a motion and it was seconded by Ms. Cucinella to put the issue to bed. Mr. Hogan asked for the Mr. Urbancic s opinion. Mr. Doyle handed Mr. Urbancic a letter from the County s mapping department. Mr. Urbancic stated that Collier County does not show dedicated easements and explained that terminating a maintenance agreement does not change easement responsibility. He noted that the declaration is clear that the intent was for the HOA to maintain the bridges. Ms. Cucinella asked why the HOA is not looking in to this if they have questions, instead of wasting public funds. She also added that the bridges have no value to the water system and that the HOA has always maintained them. Mr. Urbancic explained that there seems to be a recognition over time that the HOA is responsible for the bridges. Ms. Cucinella called for a vote on the motion to put the issue to bed and to no longer spend public funds on it. Upon being put to a vote, the motion carried 3 to 1 with Mr. Doyle dissenting. Page 3 of 6 Page 8

11 VERONA WALK COMMUNITY DEVELOPMENT DISTRICT PUBLIC HEARING & REGULAR BOARD MEETING AUGUST 17, 2017 District resident Marilyn Czubkowski requested that all of the documents Mr. Doyle had on this issue be made part of the record. 4. Discussion Regarding Proposed Meeting and Administrative Rules of Procedure Mr. Doyle stated that there was a conflict in the document, as Roberts Rules was referenced and the public may speak on anything on the agenda, whereas in the beginning of the meeting, they may speak regarding items not on the agenda. Ms. Dailey stated that the public speaks at that time for items not on the agenda and speaks to items on the agenda as they are addressed during the meeting. Mr. Urbancic suggested taking the word not out of the topic Comment from the Public for Items Not on the Agenda. Mr. Doyle stated that he thought the Board should call for comments at the end of the meeting on any topic. Mr. Urbancic advised that although Roberts Rules are referenced, there are exceptions the Board has made. Mr. Doyle mentioned going through the Chairman to make a comment and Mr. Urbancic explained that the Board wanted the procedure less formal and that the Chairman still can control the meeting. Mr. Urbancic furthered that the rules need to go through a public process and a date would need to be set for a public hearing on the matter. There was a consensus of the Board to move forward. 5. Update on Refinancing Mr. Lalla went over the schedule and stated the refunding approval of the assessment would be heard at the September 21, 2017, meeting and that two public hearings would be necessary in October and November. He explained that responses to the RFP are due in October and would be approved at the second public hearing in November. He noted that the bonds would close the following week in November and he is anticipating realizing a savings of 15.7%. There was discussion by the board of their schedule and several advised that they could not make the scheduled September 21, 2017, meeting. A motion was made by Mr. Hogan, seconded by Mr. Barford and passed unanimously to hold the September meeting on September 11, 2017, at the same time and location and to cancel the scheduled September 21, 2017, meeting. J. NEW BUSINESS 1. Consider Approval of Updates to Retention Pond Guidelines Ms. Dailey gave an overview on the guidelines that they were developed with the help of District resident Richard Czubkowski and turned over to the HOA for printing and distribution. There were additions to be made, which were included in the agenda backup documentation. Mr. Barford stated that they were to be made part of the HOA guidelines. Mr. Doyle advised that there were men power washing at the corner and he could smell chlorine fumes. Community Manager Joey Cope stated that they are using chlorine at acceptable levels and Mr. Hirniak stated that there are concentrations acceptable to the Page 4 of 6 Page 9

12 VERONA WALK COMMUNITY DEVELOPMENT DISTRICT PUBLIC HEARING & REGULAR BOARD MEETING AUGUST 17, 2017 County and the State. Mr. Cope advised that he would confirm the acceptable levels with the contractor. 2. Discussion Regarding Mowing Responsibilities around Lakes/Ponds Mr. Hirniak advised that this was ongoing and that there was nothing is new report. Mr. Doyle added that Mr. Hirniak was doing a good job on the weeds. 3. Consider Resolution No Adopting a Fiscal Year 2017/2018 Meeting Schedule Resolution No was presented, entitled: RESOLUTION NO A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE VERONA WALK COMMUNITY DEVELOPMENT DISTRICT, ESTABLISHING A REGULAR MEETING SCHEDULE FOR FISCAL YEAR 2017/2018 AND SETTING THE TIME AND LOCATION OF SAID DISTRICT MEETINGS; AND PROVIDING AN EFFECTIVE DATE. A motion was made by Mr. Hogan, seconded by Mr. Doyle and passed unanimously to adopt Resolution No , as presented. K. ADMINISTRATIVE MATTERS 1. District Attorney Update Mr. Urbancic noted that he had provided a background memo to the HOA regarding the front lakes, as had been requested by the Board. 2. District Engineer Update Mr. Cole had no report at this time. Mr. Barford complimented Mr. Cole on his research and work on the bridges. 3. Field Inspector Update Mr. Hirniak stated that the historical average for rain this time of year is 17.6 inches, but that we had received 34.5 inches thus far. He indicated that the lakes are handling it well, considering there is also inflow from areas south of the District. In addition, he noted that there had been a 6.4 foot fluctuation from all the water. District resident Joe Cucinella Page 5 of 6 Page 10

13 VERONA WALK COMMUNITY DEVELOPMENT DISTRICT PUBLIC HEARING & REGULAR BOARD MEETING AUGUST 17, 2017 asked why the lakes had gone down the past few days and Mr. Hirniak explained that it was due to evaporation. 4. District Manager Update Ms. Dailey reminded the Board that their next meeting was scheduled for Monday, September 11, not Thursday, September 21, as previously discussed. L. BOARD MEMBER COMMENTS 1. Discussion Regarding Codified Documentation of All CDD Assets Michael Doyle Mr. Doyle asked Mr. Urbancic and Ms. Dailey if a codification of assets was available. Both responded that there is no such document. Mr. Doyle then asked if after 30 years the value of the infrastructure is turned over to the HOA. Mr. Urbancic stated that he had not seen that happen since public funding, i.e., tax exempt financing, was used to build the infrastructure. The District divesting itself is not allowed. Mr. Doyle asked about neighboring development, Lely. Mr. Urbancic indicated that there was never a CDD in the north of Lely. M. ADJOURNMENT There being no further business to come before the Board, the Regular Board Meeting was adjourned at 11:04 a.m. on a motion made by Mr. Hogan, seconded by Mr. Doyle and passed unanimously. Secretary/Assistant Secretary Chair/Vice-Chair Page 6 of 6 Page 11

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33 RESOLUTION NO A RESOLUTION OF THE BOARD OF SUPERVISORS OF VERONA WALK COMMUNITY DEVELOPMENT DISTRICT RELATING TO THE REFUNDING OF THE VERONA WALK COMMUNITY DEVELOPMENT DISTRICT CAPITAL IMPROVEMENT REVENUE BONDS, SERIES 2006; DECLARING SPECIAL ASSESSMENTS; INDICATING THE LOCATION, NATURE AND ESTIMATED COST OF THOSE IMPROVEMENTS WHICH COST IS TO BE DEFRAYED IN WHOLE OR IN PART BY THE SPECIAL ASSESSMENTS; PROVIDING THE PORTION OF THE ESTIMATED COST OF THE IMPROVEMENTS TO BE DEFRAYED IN WHOLE OR IN PART BY THE SPECIAL ASSESSMENTS; PROVIDING THE MANNER IN WHICH SUCH SPECIAL ASSESSMENTS SHALL BE MADE; PROVIDING WHEN SUCH SPECIAL ASSESSMENTS SHALL BE MADE; DESIGNATING LANDS UPON WHICH THE SPECIAL ASSESSMENTS SHALL BE LEVIED; PROVIDING FOR AN ASSESSMENT PLAT; ADOPTING A PRELIMINARY ASSESSMENT ROLL; PROVIDING FOR A PUBLIC HEARING TO CONSIDER THE ADVISABILITY AND PROPRIETY OF SAID ASSESSMENTS AND THE RELATED IMPROVEMENTS; PROVIDING FOR NOTICE OF SAID PUBLIC HEARING; PROVIDING FOR PUBLICATION OF THIS RESOLUTION; PROVIDING FOR CONFLICTS, PROVIDING FOR SEVERABILITY AND PROVIDING AN EFFECTIVE DATE. WHEREAS, Verona Walk Community Development District (the District ) is a local unit of special-purpose government organized and existing in accordance with Chapter 190, Florida Statutes, as amended (the Uniform Community Development District Act of 1980) (the Act ), created by Ordinance No of the Board of County Commissioners of Collier County, Florida, effective on April 30, 2004; and WHEREAS, the Board of Supervisors (the Board ) of the District previously authorized and approved the issuance of the District s $9,520, Capital Improvement Revenue Bonds, Series 2006 (the Series 2006 Bonds ) for the purpose of constructing certain public infrastructure and other public infrastructure improvements (collectively, the 2006 Project ), as further described and detailed in the Amended and Restated for Verona Walk Community Development District prepared by WilsonMiller, Inc. and dated May 2006 (the Engineer s Report ), and the plans and specifications that are a part of the District s records, as approved by the Board in resolutions adopted by the Board in connection therewith. A copy of the Engineer s Report is incorporated herein by reference and maintained on file at the offices of Hole Montes, Inc., 950 Encore Way, Naples, FL (the District Engineer s Office ) and the offices of the District 1 Page 31

34 Resolution Declaring Special Assessments Verona Walk Community Development District Manager at Special District Services, Inc., The Oaks Center, 2501A Burns Road, Palm Beach Gardens, FL (the District Manager s Office ); and WHEREAS, a portion of the 2006 Project was previously constructed with the proceeds from the sale of the Series 2006 Bonds pursuant to provisions of Chapter 190, Florida Statutes; and WHEREAS, the Board previously determined that it was in the best interest of the District to defray the cost of the construction of all or a portion of the 2006 Project by levying special assessments against the certain lots and lands located within the District which are specifically benefited thereby, to pay installments of principal and interest as the same become due on the Series 2006 Bonds (the Series 2006 Assessments ) through the adoption of Resolutions , and (the Assessment Resolutions ); and WHEREAS, the Board further determined in the Assessment Resolutions that benefits will accrue to the lots and land improved, the amount of those benefits, and that the Series 2006 Assessments would be made in proportion to the benefits received as set forth in the District s Final Special Assessment Methodology Report prepared by Rizzetta & Company, Inc. dated June 2, 2006 (the Original Methodology Report ); and WHEREAS, for reference purposes, the Board subsequently adopted Resolution , which Resolution adopted that certain Second Supplemental Special Assessment Methodology Report prepared by Special District Services, Inc. and dated November 9, 2012 (the Second Supplemental Methodology Report ) to update the total number of units subject to the Series 2006 Assessments and confirm that the change in product mix produced sufficient revenue to support the debt service requirements of the Series 2006 Bonds; and WHEREAS, the Board has determined it to be advantageous for the District to potentially issue its Verona Walk Community Development District Capital Improvement Revenue Refunding Note, Series 2017 (the Series 2017 Note ) for the purpose of refunding the Series 2006 Bonds; and WHEREAS, the District hereby declares its intent to allocate additional debt (i.e. in addition to the debt represented by the outstanding Series 2006 Bonds) to the lots and lands within the District that have benefitted from the 2006 Project and thereby increase the amount of the special assessment lien imposed thereon, with the amount of the proposed debt assessments to be levied by the District on such residential lots and lands to fund items including, but not limited to, the costs of issuance on the Series 2017 Note to be issued to refund the Series 2006 Bonds (the Assessments ); and WHEREAS, notwithstanding the immediately preceding recital, the total annual Assessments levied against each lot and parcel of land will be less than the total annual amount of the Series 2006 Assessments now being paid by the applicable property owners; and 2 Page 32

35 Resolution Declaring Special Assessments Verona Walk Community Development District WHEREAS, notwithstanding the District s adoption of this Resolution to begin the process of levying the Assessments, the Series 2006 Assessments proposed to be restructured shall remain valid and binding until such time as the District finalizes the levy of the Assessments and issues the Series 2017 Note, which may be issued in multiple series, to be secured by the Assessments; and WHEREAS, the District is empowered by Chapters 190 and 170, Florida Statutes to issue the Series 2017 Note, to continue implementation of the 2006 Project, to levy the Assessments upon the lots and land located in the District which are specifically benefited by the 2006 Project to pay principal and interest due with respect to the Series 2017 Note, and to refund the Series 2006 Bonds; and WHEREAS, the Board finds that it is in the best interest of the District to pay all or a portion of the cost of the 2006 Project by imposing, levying, and collecting the Assessments pursuant to Chapters 170, 190 and 197, Florida Statutes; and WHEREAS, the District hereby determines that benefits will accrue to the property improved, the amount of those benefits, and that the Assessments will be made in proportion to the benefits received as set forth in the Original Methodology Report, as supplemented and amended by the Second Supplemental Methodology Report, as further supplemented and amended by that certain Verona Walk Community Development District Fourth Supplemental Assessment Methodology Report of Benefits for 2017 Refunding prepared by Special District Services, Inc. and dated October 19, 2017 (the Fourth Supplemental Methodology Report ). The Fourth Supplemental Methodology Report is on file at the District Engineer s Office and the District Manager s Office and is incorporated by reference as part of this Resolution. (The Original Methodology Report, as supplemented and amended by the Second Supplemental Methodology Report and Fourth Supplemental Methodology Report are sometimes collectively referred to herein as the Assessment Methodology Report ); and WHEREAS, the District hereby determines that the Assessments to be levied will not exceed the benefits to the lots and land benefited by the 2006 Project. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF VERONA WALK COMMUNITY DEVELOPMENT DISTRICT THAT: Section 1. The foregoing recitals are hereby incorporated as the findings of the Board. Section 2. The Assessments shall be levied to defray the cost of the refunding of the Series 2006 Bonds, which Series 2006 Bonds were issued for purposes of acquiring and/or constructing all or a portion of the 2006 Project. Section 3. The nature and general location of, and plans and specifications for, the 2006 Project is described in the Engineer s Report maintained on file at the District Manager s Office and the District Engineer s Office. 3 Page 33

36 Resolution Declaring Special Assessments Verona Walk Community Development District Section 4. The total cost of the 2006 Project was $27,952, The total estimated cost of the refunding of the Series 2006 Bonds relating to the 2006 Project is approximately $8,028, (the Estimated Cost ). Section 5. The Assessments will defray approximately $8,028, in bonded indebtedness which includes, without limitation, the Estimated Cost, plus financing related costs and expenses, capitalized interest, a debt service reserve and contingency, applicable. Section 6. The manner in which the Assessments shall be apportioned and paid is set forth in the Assessment Methodology Report, subject to provisions for supplemental assessment resolutions. The Assessment Methodology Report is also available at the District Manager s Office. Section 7. The Assessments shall be levied within the District in accordance with the Assessment Methodology Report on certain lots and lands, which are adjoining and contiguous or bounding and abutting upon the 2006 Project or specially benefited thereby and further designated by the assessment plat hereinafter provided for; provided, however, that no debt service assessments shall be levied on lots and land for which the Series 2006 Assessments securing the Series 2006 Bonds have been prepaid in full. Section 8. There is on file at the District Manager s Office, an assessment plat showing the area to be assessed, with the plans and specifications describing the 2006 Project and the Estimated Cost, all of which shall be open to inspection by the public. Section 9. The District Manager has caused to be made a preliminary assessment roll, a copy of which is attached to the Supplemental Assessment Methodology, in accordance with the method of assessment described in the Assessment Methodology Report, which shows the lots and land assessed, the amount of benefit to and the Assessment against each lot or parcel of land and the number of annual installments into which such Assessment may be divided, which is hereby adopted and approved as the District s preliminary assessment roll. Section 10. Commencing with the year in which the Assessments are certified to the Collier County Tax Collector for collection, the Assessments shall be paid in not more than twenty (20) annual installments or the maximum period of time permitted by law then in effect, which installments shall include principal and interest as calculated in accordance with the Assessment Methodology Report. The Assessments shall be payable at the same time and in the same manner as are ad-valorem taxes and as prescribed in Chapter 197, Florida Statutes; provided, however, that in the event the uniform non ad-valorem assessment method of collecting the Assessments is not available to the District in any year, or the District otherwise determines not to utilize the provisions of Chapter 197, Florida Statutes, the Assessments may be collected as is otherwise permitted by law. Section 11. The Board shall adopt a subsequent resolution to fix a time and place at which the owners of lots and land to be assessed or any other persons interested therein may appear before the Board and be heard as to the propriety and advisability of the Assessments or the Page 34

37 Resolution Declaring Special Assessments Verona Walk Community Development District Project, the cost thereof, the manner of payment therefore, or the amount thereof to be assessed against each property as improved; and to authorize such notice and publications of same as may be required by Chapter 170, Florida Statutes, or other applicable law. Section 12. The District Manager is hereby directed to cause this resolution to be published twice (once a week for two (2) weeks) in a newspaper of general circulation within Collier County and to provide mailed notices to the owners of the property subject to the proposed Assessments and such other notice as may be required by law or deemed in the best interest of the District. Section 13. If any one of the covenants, agreements or provisions herein contained shall be held contrary to any express provision of law or contract to the policy of express law, but not expressly prohibited or against public policy, or shall for any reason whatsoever be held invalid, then such covenants, agreements or provisions shall be null and void and shall be deemed separable from the remaining covenants, agreements or provisions and shall in no way effect the validity of the other provisions hereof. Section 14. All resolutions or parts thereof in conflict herewith are, to the extent of such conflict, superseded and repealed. Section 15. This Resolution shall become effective upon its adoption. PASSED AND ADOPTED this 19 th day of October, ATTEST: VERONA WALK COMMUNITY DEVELOPMENT DISTRICT Secretary/Assistant Secretary Chair/Vice-Chair 5 Page 35

38 RESOLUTION NO A RESOLUTION OF THE BOARD OF SUPERVISORS OF VERONA WALK COMMUNITY DEVELOPMENT DISTRICT SETTING A PUBLIC HEARING TO BE HELD ON DECEMBER, 2017 AT 10:00 A.M. AT THE TOWN CENTER AT VERONA WALK, 8090 SORRENTO LANE, NAPLES, FLORIDA 34114, FOR THE PURPOSE OF HEARING PUBLIC COMMENT ON IMPOSING SPECIAL ASSESSMENTS ON CERTAIN PROPERTY WITHIN THE DISTRICT GENERALLY DESCRIBED AS THE VERONA WALK COMMUNITY DEVELOPMENT DISTRICT IN ACCORDANCE WITH CHAPTERS 170, 190 AND 197, FLORIDA STATUTES; PROVIDING FOR CONFLICTS, PROVIDING FOR SEVERABILITY AND PROVIDING AN EFFECTIVE DATE. WHEREAS, the Board of Supervisors of Verona Walk Community Development District ( Board ) has previously adopted Resolution No entitled: A RESOLUTION OF THE BOARD OF SUPERVISORS OF VERONA WALK COMMUNITY DEVELOPMENT DISTRICT RELATING TO THE REFUNDING OF THE VERONA WALK COMMUNITY DEVELOPMENT DISTRICT CAPITAL IMPROVEMENT REVENUE BONDS, SERIES 2006; DECLARING SPECIAL ASSESSMENTS; INDICATING THE LOCATION, NATURE AND ESTIMATED COST OF THOSE IMPROVEMENTS WHICH COST IS TO BE DEFRAYED IN WHOLE OR IN PART BY THE SPECIAL ASSESSMENTS; PROVIDING THE PORTION OF THE ESTIMATED COST OF THE IMPROVEMENTS TO BE DEFRAYED IN WHOLE OR IN PART BY THE SPECIAL ASSESSMENTS; PROVIDING THE MANNER IN WHICH SUCH SPECIAL ASSESSMENTS SHALL BE MADE; PROVIDING WHEN SUCH SPECIAL ASSESSMENTS SHALL BE MADE; DESIGNATING LANDS UPON WHICH THE SPECIAL ASSESSMENTS SHALL BE LEVIED; PROVIDING FOR AN ASSESSMENT PLAT; ADOPTING A PRELIMINARY ASSESSMENT ROLL; PROVIDING FOR A PUBLIC HEARING TO CONSIDER THE ADVISABILITY AND PROPRIETY OF SAID ASSESSMENTS AND THE RELATED IMPROVEMENTS; PROVIDING FOR NOTICE OF SAID PUBLIC HEARING; PROVIDING FOR PUBLICATION OF THIS RESOLUTION; PROVIDING FOR CONFLICTS, PROVIDING FOR SEVERABILITY AND PROVIDING AN EFFECTIVE DATE. 1 Page 36

39 Resolution Setting of Public Hearing Verona Walk Community Development District WHEREAS, in accordance with Resolution No , a preliminary assessment roll has been prepared and all other conditions precedent set forth in Chapters 170, 190 and 197, Florida Statutes to the holding of the aforementioned public hearing have been satisfied, and the roll and related documents are available for public inspection at the offices of the District Manager at Special District Services, Inc., The Oaks Center, 2501A Burns Road, Palm Beach Gardens, FL ( District Manager s Office ); NOW THEREFORE BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF VERONA WALK COMMUNITY DEVELOPMENT DISTRICT: Section 1. There is hereby declared a public hearing to be held on December, 2017 at 10:00 a.m., at the Town Center at Verona Walk, 8090 Sorrento Lane, Naples, FL 34114, for the purpose of hearing comment and objections to the proposed special assessment program for community improvements as identified in the preliminary assessment roll, a copy of which is on file at the District Manager s Office. Said preliminary assessment roll indicates the areas to be improved, description of the project for which assessment are to be made and the amount expected to be assessed to each benefited piece or parcel of property. Affected parties may appear at that hearing or submit their comments in writing prior to the meeting and submit same to the office of the District Manager at District Manager at Special District Services, Inc., The Oaks Center, 2501A Burns Road, Palm Beach Gardens, FL Section 2. Notice of said hearing shall be advertised in accordance with Chapters 170, 190 and 197 Florida Statutes, and the District Manager is hereby authorized and directed to place said notice in a newspaper of general circulation published within Collier County (by two publications one week apart with the last publication at least one week prior to the date of the hearing established herein). The District Manager shall file a publisher s affidavit with the District Secretary verifying such publication of notice. The District Manager is further authorized and directed to give (30) thirty days written notice by mail of the time and place of this hearing to the owners of all property to be assessed and include in such notice the amount of the assessment for each such property owner, a description of the areas to be improved and notice that information concerning all assessments may be ascertained at the District Manager s Office. The District Manager shall file proof of such mailing by affidavit with the District Secretary. 2 Page 37

40 Resolution Setting of Public Hearing Verona Walk Community Development District Section 3. If any one of the covenants, agreements or provisions herein contained shall be held contrary to any express provision of law or contract to the policy of express law, but not expressly prohibited or against public policy, or shall for any reason whatsoever be held invalid, then such covenants, agreements or provisions shall be null and void and shall be deemed separable from the remaining covenants, agreements or provisions and shall in no way effect the validity of the other provisions hereof. Section 4. All resolutions or parts thereof in conflict herewith are, to the extent of such conflict, superseded and repealed. Section 5. This Resolution shall become effective upon its adoption. PASSED AND ADOPTED this 19 th day of October, ATTEST: VERONA WALK COMMUNITY DEVELOPMENT DISTRICT Secretary/ Assistant Secretary Chair/Vice-Chair 3 Page 38

41 RESOLUTION NO A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE VERONA WALK COMMUNITY DEVELOPMENT DISTRICT AUTHORIZING AND ADOPTING AN AMENDED FINAL FISCAL YEAR 2016/2017 BUDGET ( AMENDED BUDGET ), PURSUANT TO CHAPTER 189, FLORIDA STATUTES; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, the Board of Supervisors of the Verona Walk Community Development District ( District ) is empowered to provide a funding source and to impose special assessments upon the properties within the District; and, WHEREAS, the District has prepared for consideration and approval an Amended Budget. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE VERONA WALK COMMUNITY DEVELOPMENT DISTRICT, THAT: Section 1. The Amended Budget for Fiscal Year 2016/2017 attached hereto as Exhibit A is hereby approved and adopted. Section 2. The Secretary/Assistant Secretary of the District is authorized to execute any and all necessary transmittals, certifications or other acknowledgements or writings, as necessary, to comply with the intent of this Resolution. PASSED, ADOPTED and EFFECTIVE this 19 th day of October, ATTEST: VERONA WALK COMMUNITY DEVELOPMENT DISTRICT By: Secretary/Assistant Secretary By: Chairperson/Vice Chairperson Page 39

42 Verona Walk Community Development District Amended Final Budget For Fiscal Year 2016/2017 October 1, September 30, 2017 Page 40

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