C_ypress Cove. Communit_y Development District

Transcription

1 C_ypress Cove Communit_y Development District Maritza Abstendo, Chairperson Yvette Weekes, Vice Chairperson Susan Gottesman, Assistant Treasurer Jul.Y 17, Governmental Management Services...

2 Cypress C ve C'ommunity Development District 5385 N. Nob Hill Road, Stmrise, Florida Phone: Fax: July 10, 2018 Board of Supervisors Cypress Cove Community Development District Dear Board Members: The regular meeting of the Board of Supervisors of the Cypress Cove Community Development District will be held on July 17, 2018 at 7:00 p.m. at United Community Management Office, West Sample Road, Suite 103, Coral Springs, Florida. Following is a copy of the advance agenda: 1. Roll Call 2. Organizational Matters A. Consideration of Appointment of Supervisor(s) to Unexpired Tenn(s) of Office - Seat #4 (11/2020) and Seat #5 (11/2020) B. Oath of Office for Newly Appointed Supervisor(s) C. Election of Officers 3. Approval of the Minutes of the May 15, 2018 Meeting 4. Public Hearing to Adopt the Fiscal Year 2019 Budget A. Motion to Open the Public Hearing B. Public Comment and Discussion C. Consideration of Resolution # Annual Appropriation Resolution D. Consideration of Resolution # Levy of Non Ad Valorem Assessments E. Motion to Close the Public Hearing 5. Staff Reports A. Attorney - Discussion of 2018 Legislative Session Memorandum and Recently Approved Legislation B. Engineer C. Manager 1) Consideration of Proposed Fiscal Year 2019 Meeting Schedule 2) Discussion of Financial Disclosure Report from Commission on Ethics - even1one has filed 6. Financial Reports A. Approval of Check Run Summary B. Balance Sheet 7. Supervisors Requests and Audience Comments 8. Adjournment Meetings are open to the public and may be continued to a time, date and place certain. For more information regarding this COD please visit the website:

3 MINUTES OF MEETING CYPRESS COVE COMMUNITY DEVELOPMENT DISTRICT The regular meeting of the Board of Supervisors of the Cypress Cove Community Development District was held on May 15, 2018 at 7:00 p.m. at the United Community Management Office, West Sample Road, Suite 103, Coral Springs, Florida. Present and constituting a quorum were: Maritza Abstencio Yvette Weekes Susan Gottesman Chairperson Vice Chairperson Assistant Secretary Also present were: Dennis Baldis Vanessa Steinerts District Manager District Counsel FIRST ORDER OR BUSINESS Roll Call Mr. Baldis called the meeting to order and called the roll. SECOND ORDER OF BUSINESS Organizational Matters A. Acceptance of Resignation Letter from Mr. Jonathan Kraljic Mr. Baldis presented Mr. Kraljic' s resignation letter and asked the Board for a motion to accept it. On MOTION by Ms. Abstencio seconded by Ms. Gottesman with all in favor Mr. Kraljic' s resignation letter was accepted. B. Consideration of Appointment of Supervisor(s) to Unexpired Term(s) of Office - Seat #4 (11/2020) and Seat #5 (11/2020) C. Oath of Office for Newly Appointed Supervisor(s) D. Election of Officers These items were tabled until a future meeting. THIRD ORDER OR BUSINESS Approval of the Minutes of the April 17, 2018 Meeting Mr. Baldis presented the minutes from the April 17, 2018 meeting.

4 May 15, 2018 Cypress Cove CDD There not being any comments or corrections, On MOTION by Ms. Weekes seconded by Ms. Abstencio with all in favor the Minutes of the April 17, 2018 Meeting were approved. FOURTH ORDER OF BUSINESS Ratification of Tree Removal by Moses Tree Services for additional $500 Mr. Baldis reminded the Board that Moses Tree Service initially gave a quote for $700 but asked for an additional $500 due to the size of the job and that needed to be ratified since the Board had already authorized it. On MOTION by Ms. Abstencio seconded by Ms. Weekes with all in favor paying Moses Tree Service an additional $500 for tree removal was ratified. FIFTH ORDER OF BUSINESS Discussion of Estimate from Ms. Johns Mr. Baldis presented the estimate from Ms. Johns related to fixing her car after it was damaged by the gate. There was a brief discussion about there not being any video recording from the gate company showing the gate damaging the car, Ms. Johns didn't file a police report and also waited a month until after the incident occurred to bring it to the Board's attention. Ms. Steinerts mentioned the claim could be submitted to the CDD' s insurance company for review and position to see if it would be covered or not. On MOTION by Ms. Abstencio seconded by Ms. Weekes with all in favor Ms. Johns was directed to submit her claim with the CDD' s insurance company for review. SIXTH ORDER OF BUSINESS Consideration of Proposal from ASAP Gate Plus, LLC Mr. Baldis presented a proposal from ASAP Gate Plus, LLC. Ms. Abstencio explained the older model gates didn't have a backup battery so if there was a power outage the gates couldn't be opened. Newer models did allow access through the backup battery. 2

5 May 15, 2018 Cypress Cove CDD After a brief discussion, the Board gave direction to staff to try to renegotiate for a price reduction not-to-exceed the amount of $5,500. On MOTION by Ms. Abstencio seconded by Ms. Gottesman with all in favor staff was directed to renegotiate the pricing in the proposal from ASAP Gate Plus, LLC; not-to-exceed the amount of $5,500. SEVENTH ORDER OF BUSINESS Consideration of Resolution # Approving the Proposed Fiscal Year 2019 Budget and Setting the Public Hearing Mr. Baldis presented Resolution # Approving the Proposed Fiscal Year 2019 Budget and Setting the Public Hearing, briefly went over the budget process, and asked the Board which date they wanted to set the public hearing to adopt the final budget. After a brief discussion, the budget public hearing was set for July 17, On MOTION by Ms. Abstencio seconded by Ms. Weekes with all in favor Resolution # Approving the Proposed Fiscal Year 2019 Budget and Setting the Public Hearing was approved; and the public hearing was set for July 17, 2018 at 7:00 p.m. at the United Community Management Office, West Sample Road, Suite 103, Coral Springs, Florida. EIGHTH ORDER OF BUSINESS Discussion of Procedures for the General Election Mr. Baldis discussed the procedures for the general election and the timeframe for the qualifying period. Ms. Steinerts indicated that the seats occupied by Ms. Abstencio and Ms. Weekes were up for election in November. NINTH ORDER OF BUSINESS Staff Reports A. Attorney Ms. Steinerts reminded the Board to file their annual Form 1' s by July 1st. B. Engineer There not being any report, the next item followed. 3

6 May 15, 2018 Cypress Cove CDD C. Manager - Number of Registered Voters in the District-407 Mr. Baldis mentioned there were 407 registered voters in Cypress Cove CDD and presented a proposal from First Sign for signage at the resident gate for $435 and staff was directed to reduce the amount of signage there. On MOTION by Ms. Abstencio seconded by Ms. Gottesman with all in favor the proposal from First Sign for signage at the resident gate was approved for an amount of $435. Mr. Baldis indicated he was still working on getting with the City of Margate regarding the NOP ARKING signs on 73rd A venue and would follow up. TENTH ORDER OF BUSINESS Financial Reports A. Approval of Check Run Summary B. Balance Sheet Mr. Baldis presented the check run summary and balance sheet, asked for any comments or questions, and upon not hearing any, asked for a motion to approve them. On MOTION by Ms. Abstencio seconded by Ms. Gottesman with all in favor the check run summary the balance sheet were approved. ELEVENTH ORDER OF BUSINESS Supervisors Requests Audience Comments Mr. Baldis asked for any Supervisors requests or audience comments. and TWELFTH ORDER OF BUSINESS Adjournment Mr. Baldis asked for any further District business, and upon not hearing any, asked for a motion to adjourn the meeting. On MOTION by Ms. Abstencio seconded by Ms. Weekes with all in favor the meeting was adjourned. Secretary / Assistant Secretary Chairman/ Vice Chairman 4

7 Proposed Budget Fiscal Year 2019 Cypress Cove Community Development District July 17, 2018

8 Cypress Cove Community Development District TABLE OF CONTENTS General Fund Budget Narrative Amortization - Series 2006 Page 1 Page 2-4 Page5

9 Cypress Cove Community Development District General Fund Adopted Actual Projected Total Proposed Budget Thru Next Projected Budget Descrle.tton FY2018 5/31/201B 4Months 9/30/201B FY2019 Revenues Maintenance Assessments $161,997 $152,801 $9,196 $151,075 $151,075 Debt Service Assessments $75,753 $71,453 $4,300 $72,491 $72,491 Interest Income $150 $187 $25 $212 $150 Miscellaneous Income $0 $86 $0 $86 $0 Carry Forward Surplus $0 $66,024 $0 $66,024 $7,651 TOTAL REVENUES $237,900 $290,551 $13,521 $289,888 $231,367 Expenditures AdmlnlstraUve Engineering $0 $2,000 $2,000 $4,000 $3,000 Attorney $7,500 $10,013 $2,487 $12,500 $12,500 Annual Audit $4,200 $200 $4,200 $4,400 $4,800 Management Fees $15,000 $11,694 $5,000 $16,694 $15,000 Trustee Fees $2,700 $0 $3,100 $3,100 $3,100 Telephone $1,800 $0 $100 $100 $100 Postage $100 $103 $99 $201 $200 Printing & Binding $0 $107 $93 $200 $200 Insurance $5,500 $5,778 $0 $5,778 $6,400 Legal Advertising $3,000 $237 $1,263 $1,500 $1,500 Other Current Charges $6,840 $1,070 $ $1,605 $1,500 Office Supplies $0 $3 $47 $50 $50 Dues, Licenses & Subscriptions $1,000 $175 $0 $175 $175 Capital Outaly $22,500 $0 $250 $250 $250 Property Appraiser $3,000 $400 $0 $400 $400 Collection Fees/Discounts $10,699 $0 $0 $0 $0 Debt Service Payment - Principal $33,228 $0 $43,903 $43,903 $46,419 Debt Service Payment -Interest $39,263 $0 $28,587 $28,587 $26,072 TOTAL ADMINISTRATIVE EXPENDITURES $156,330 $31,779 $91,665 $123,444 $121,666 Field Security $5,000 $7,640 $3, $11,459 $15,500 Cable $0 $2,270 $1, $3,405 $3,400 Phone $0 $1,365 $ $2,047 $2,000 Electric $6,500 $3,626 $1, $5,439 $6,000 Lake Maintenance $4,380 $4,015 $1,460 $5,475 $5,500 Landscape Maintenance $35,000 $20,590 $10, $30,884 $35,000 Repairs & Maintenance $5,000 $9,120 $4, $13,679 $15,000 Contingency $0 $1,500 $750 $2,250 $2,500 Emergency Reserves $4,000 $0 $0 $0 $4,000 Capital Reserves $20,000 $0 $20,000 $20,000 $13,000 TOTAL FIELD EXPENDITURES $79,880 $50,125 $44,515 $94,640 $101,900 TOTAL EXPENDITURES $236,210 $81,903 $136,180 $218,0B3 $223,566 EXCESS REVENUES $1,690 $208,647 ($122,659/ $71,805 $7,801 FY 2019 NET ASSESSMENTS O&M $151,075 PLUS COLLECTION FEES $9,643 GROSS ASSESSMENTS O&M $160,718 NO. OF UNITS 195 PER UNIT ASSESSMENT O&M $ NET ASSESSMENTS DEBT $72,491 PLUS COLLECTION FEES $4,627 GROSS ASSESSMENTS DEBT $77,118 NO. OF UNITS 195 PER UNIT ASSESSMENT DEBT $ Total $1, Pagel

10 Cypress Cove COMMUNITY DEVELOPMENT DISTRICT ADOPTED GENERAL FUND BUDGET FISCAL YEAR 2019 REVENUES: Maintenance Assessments The District will levy a non ad-valorem special assessment on all taxable property within the District to fund all of the General Operating Expenditures for the fiscal year. Interest Income The District will have all excess funds invested with the State Board of Administration. The amount is based upon the estimated average balance of funds available during the fiscal year. EXPENDITURES: Administrative: Engineering Fees The District's engineer will be providing general engineering services to the District including attendance and preparation for board meetings, etc Attorney The District's legal counsel will be providing general legal services to the District, i.e., attendance and preparation for monthly meetings, review operating and maintenance contracts, etc. Annual Audit The District is required annually to conduct an audit of its financial records by an Independent Certified Public Accounting Firm. Management Fees The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services. These services are further outlined in Exhibit "A" of the Management Agreement. Trustee Fees The District issued Series 2006 Special Assessments Bonds which are held with a Trustee at US Bank. The amount of the trustee fees is based on the agreement between US Bank and the District. Telephone Telephone and fax machine. Postage Mailing of agenda packages, overnight deliveries, correspondence, etc. Page2

11 Cypress Cove COMMUNITY DEVELOPMENT DISTRICT ADOPTED GENERAL FUND BUDGET FISCAL YEAR 2019 Printing & Binding Printing and Binding agenda packages for board meetings, printing of computerized checks, stationary, envelopes etc. Insurance The District's General Liability & Public Officials Liability Insurance policy is with Florida Insurance Alliance. Florida Insurance Alliance specializes in providing insurance coverage to governmental agencies. Legal Advertising The District is required to advertise various notices for monthly Board meetings, public hearings, etc. in a newspaper of general circulation. Other Current Charges Bank charges and any other miscellaneous expenses that are incurred during the year. Office Supplies Miscellaneous office supplies. Dues, Licenses & Subscriptions The District is required to pay an annual fee to the Department of Community Affairs for $775. This is the only expense under this category for the District. Capital Outlay Represents any minor capital expenditures the District may need to make during the Fiscal Year such as a file cabinet for District files. Maintenance: Security The District has a contract with ASAP Gate Plus, LLC for any security gate related expenses. Cable The District has a contract with Comcast for cable services. Phone The District has a contract with ATT for phone services. Utilities The cost of electricity for Cypress Cove COD thru FPL. Lake Maintenance The District has a contract with Southern Weed Control Management who provide monthly water management services to all the Lakes throughout the District. Page3

12 Cypress Cove COMMUNITY DEVELOPMENT DISTRICT ADOPTED GENERAL FUND BUDGET FISCAL YEAR 2019 Landscape/Irrigation Maintenance The District has contracted with Innovative Grounds to provide landscaping and irrigation maintenance services to all the common areas within the District. Repairs & Maintenance Unscheduled repairs and maintenance to the District's facilities through the community. Page4

13 Cypress Cove Communtiy Development District Amortization Schedule Series 2006 Bonds Payment Principal Interest Date Notional Amount Amount 7/7/ , /7/ , , , /7/ , , , /7/ , , , /7/ , , , /7/ , , , /7/ , , , /7/ , , , /7/ , , , /7/ , , , /7/ , , , /7/ , , , /7/ , , , /7/ , , , /7/ , , , /7/ , , , /7/ , , , /7/ , , , /7/ , , , /7/ , , , /7/ , , Totals 850, , Principal+ Interest Rate 72, % 1,449, Page5

14 RESOLUTION A RESOLUTION OF THE CYPRESS COVE COMMUNITY DEVELOPMENT DISTRICT (THE "DISTRICT") RELATING TO THE ANNUAL APPROPRIATIONS AND ADOPTING THE BUDGET FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2018, AND ENDING SEPTEMBER 30, WHEREAS, the District Manager of the District has, prior to the fifteenth (15th) day in June, 2018, submitted to the Board of Supervisors (the "Board") a proposed budget for the next ensuing budget year along with an explanatory and complete financial plan for each fund of the District, pursuant to the provisions of Section (2)(a), Florida Statutes; and WHEREAS, at least sixty (60) days prior to the adoption of the proposed annual budget and any proposed long-term financial plan or program of the District for future operations (the "Proposed Budget") the District did file 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 Sections (2)(b) and (3), Florida Statutes; and WHEREAS, on May 15, 2018, the Board set July 17, 2018 as the date for a public hearing thereon and caused notice of such public hearing to be given by publication pursuant to Section (2)(a) Florida Statutes; and WHEREAS, Section (2)(a), Florida Statutes, requires that, prior to October 1 of each year, the District 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 on a Cash Flow Budget basis, 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; and WHEREAS, Section , Florida Statutes, provides that the Annual Appropriation Resolution shall also fix the Maintenance Special Assessments and Benefit Special Assessments upon each piece of property within the boundaries of the District benefited by the adopted maintenance and capital improvement program of the District, such levy representing the amount of assessments for District purposes necessary to provide for payment during the ensuing budget year of all properly authorized expenditures to be incurred by the District, including principal and interest of special revenue, capital improvement and/or benefit assessment bonds.

15 NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF CYPRESS COVE COMMUNITY DEVELOPMENT DISTRICT, THAT; Section 1. Budget a. The Board of Supervisors has reviewed the District Manager's Proposed Budget, a copy of which is on file with the office of the District Treasurer and the office of the Recording Secretary, and hereby approves certain amendments thereto, as shown in Section 2 below. b. The District Manager's Proposed Budget as amended by the Board, is hereby adopted in accordance with the provisions of Section (2)(a), Florida Statutes, and is 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 for the fiscal year 2018 and/or revised projections for fiscal year c. The adopted budget as amended, shall be maintained in the office of the District Treasurer and the District Recording Secretary and identified as "The Budget for the Cypress Cove Community Development District for the Fiscal Year Ending September 30, 2019, as Adopted by the Board of Supervisors on July 17, 2018." Section 2. Appropriations That there be, and hereby is appropriated out of the revenues of the Cypress Cove Community Development District, for the fiscal year beginning October 1, 2018, and ending September 30, 2019 the sum of$ 223,566 to be raised by the levy of assessments and otherwise, which sum is deemed by the Board of Supervisors 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 $ 223,566 Total All Funds $ 223,566

16 Section 3. Supplemental Appropriations The Board may authorize by resolution supplemental appropriations or revenue changes for any lawful purpose from funds on hand or estimated to be received within the fiscal year as follows: a. The Board may authorize a transfer of the unexpended balance or portion thereof of any appropriation item. b. The Board may authorize an appropriation from the unappropriated balance of any fund. c. The Board may increase any revenue or income budget account to reflect receipt of any additional unbudgeted monies and make the corresponding change to appropriations or the unappropriated balance. The District Manager and Treasurer shall have the power within a given fund to authorize the transfer of any unexpended balance of any appropriation item or any portion thereof, provided such transfers do not exceed Ten Thousand ($10,000) Dollars or have the effect of causing more than 10% of the total appropriation of a given program or project to be transferred previously approved transfers included. Such transfer shall not have the effect of causing a more than $10,000 or 10% increase, previously approved transfers included, to the original budget appropriation for the receiving program. Transfers within a program or project may be approved by the applicable department director and the District Manager or Treasurer. The District Manager or Treasurer must establish administrative procedures, which require information on the request forms proving that such transfer requests comply with this section. Introduced, considered favorably, and adopted this 17th day of July, Cypress Cove Community Development District Chairman I Vice Chairman Attest: Secretary I Assistant Secretary

17 RESOLUTION A RESOLUTION LEVYING A NON AD VALOREM MAINTENANCE ASSESSMENT FOR THE GENERAL FUND AND ADOPTING AN ASSESSMENT ROLL OF THE CYPRESS COVE COMMUNITY DEVELOPMENT DISTRICT FOR FISCAL YEAR2019 WHEREAS, certain improvements exist within the Cypress Cove Community Development District (the "District") and certain costs associated with the operation, repairs and maintenance of these improvements are being incurred; and WHEREAS, the Board of Supervisors of the Cypress Cove Community Development District (the "Board") find that the District's total General Fund Assessment during Fiscal Year 2019, will amount to $ 237,836 ; and WHEREAS, the District has previously levied an assessment for debt service, which the District desires to collect on the tax roll pursuant to the Uniform Method authorized by Chapter 197, Florida Statutes; alternatively, the district may choose to directly collect and enforce all or a portion of the debt service assessment; and WHEREAS, the Board finds that the costs of administration of the Debt Service Fund provide special and peculiar benefit to certain property within the District; and WHEREAS, the Board finds that the assessments on the affected parcels of property to pay for the special and peculiar benefits are fairly and reasonably apportioned in proportion to the benefits received; NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE CYPRESS COVE COMMUNITY DEVELOPMENT DISTRICT OF BROWARD COUNTY, FLORIDA, THAT; Section 1. A special assessment for maintenance as provided for in Chapter 190 Florida Statutes (hereinafter referred to as "assessment" or "assessments") is hereby levied on all assessable land within the District.

18 Section 2. That the collection and enforcement of the aforesaid assessments on assessable lands within the District shall be by the Tax Collector serving as agent of the State of Florida in Broward County ("Tax Collector") and shall be at the same time and in like manner as ad valorem taxes and subject to all ad valorem tax collection and enforcement procedures which attend the use of the official annual tax notice under Section (3), Florida Statutes. Alternatively, the District may choose to directly collect and enforce all or a portion of these assessments. Section 3. That a portion of said assessment levies on the assessable lands within the District as shown in the Assessment Roll, Exhibit "A", are hereby certified to the Broward County Property Appraiser, to be extended on the Broward County Tax Roll and shall be collected by the Tax Collector in the same manner and time as Broward County taxes pursuant to the uniform collection methodology Section , Florida Statutes. The proceeds therefrom shall be paid to the District. The chairman of the Board of the District shall designate the District Manager these certification duties. The balance of said assessment levies as shown in the Assessment Roll, Exhibit" A", are directly assessed to the landowner(s) by the District pursuant to Chapters 170 and 190, Florida Statutes. Section 4. The District Manager shall keep appraised of all updates made to the Broward County property roll by the Property Appraiser after the date of this Resolution, and shall amend the District's Assessment Roll in accordance with any such updates, for such time as authorized by Florida law, to the Broward County property roll. After any amendment of the Assessment Roll, the District Manager shall file updates to the Assessment Roll in the District records. Section 5 Be it further resolved, that a copy of this Resolution be transmitted to the proper public and governmental officials so that its purpose and effect may be carried out in accordance with law. PASSED AND ADOPTED this 17th day of July, 2018, by the Board of Supervisors of the Cypress Cove Community Development District, Broward County, Florida. Secretary I Assistant Secretary Chairman I Vice Chairman

19 Exhibit /1 A" Assessment Roll

20 Exhibit A I Folio Number Site Address 2018 Tax Bill SEVILLE ST $1, SEVILLE ST $1, SEVILLE ST $1, SEVILLE ST $1, SEVILLE ST $1, SEVILLE ST $1, SEVILLE ST $1, SEVILLE ST $1, SEVILLE ST $1, FLORES WAY $1, FLORES WAY $1, FLORES WAY $1, FLORES WAY $1, FLORES WAY $1, FLORES WAY $1, FLORES WAY $1, FLORES WAY $1, FLORES WAY $1, FLORES WAY $1, FLORES WAY $1, FLORES WAY $1, FLORES WAY $1, BARCELONA TER $1, BARCELONA TER $1, BARCELONA TER $1, BARCELONA TER $1, BARCELONA TER $1, BARCELONA TER $1, BARCELONA TER $1, BARCELONA TER $1, BARCELONA TER $1, BARCELONA TER $1, BARCELONA TER $1, BARCELONA TER $1, VI SCA YA CIR $1, VI SCA YA CIR $1, VI SCA YA CIR $1, VI SCA YA CIR $1, VISCAYA CIR $1, VI SCA YA CIR $1, VI SCA YA CIR $1, VISCAYA CIR $1, VI SCA YA CIR $1, VISCAYA CIR $1, VI SCA YA CIR $1, VI SCA YA CIR $1, VI SCA YA CIR $1, page 1 of 4

21 I Folio Number Site Address 2018 Tax Bill VI SCA YA CIR $1, VISCAYA CIR $1, VI SCA YA CIR $1, VI SCA YA CIR $1, VISCAYA CIR $1, VISCAYA CIR $1, VISTA WAY $1, VISTA WAY $1, VISTA WAY $1, VISTA WAY $1, VISTA WAY $1, VISTA WAY $1, VISTA WAY $1, VISTA WAY $1, VISTA WAY $1, VISTA WAY $1, SANTA MONIC DR $1, SANTA MONIC DR $1, SANTA MONIC DR $1, SANTA MONIC DR $1, SANTA MONIC DR $1, SANTA MONIC DR $1, SANTA MONIC DR $1, SANTA MONIC DR $1, SANTA MONIC DR $1, SANTA MONIC DR $1, SANTA MONIC DR $1, SANTA MONIC DR $1, SANTA MONIC DR $1, SANTA MONIC DR $1, SANTA MONIC DR $1, SANTA MONIC DR $1, SANTA MONIC DR $1, VISTA WAY $1, VISTA WAY $1, VISTA WAY $1, VISTA WAY $1, VISTA WAY $1, VISCAYA CIR $1, VI SCA YA CIR $1, VISCAYA CIR $1, VISCAYA CIR $1, VISCAYA CIR $1, VISCAYA CIR $1, VI SCA YA CIR $1, VISCAYA CIR $1, VI SCA YA CIR $1, VISCAYA CIR $1, VI SCA YA CIR $1, VI SCA YA CIR $1, VISCAYA CIR $1, page 2 of 4

22 I Folio Number Site Address 2018 Tax Bill VI SCA YA CIR $1, VI SCA YA CIR $1, VI SCA YA CIR $1, VI SCA YA CIR $1, VI SCA YA CIR $1, VI SCA YA CIR $1, VISCAYA CIR $1, SANTA MONIC DR $1, SANTA MONIC DR $1, SANTA MONIC DR $1, SANTA MONIC DR $1, SANTA MONIC DR $1, SANTA MONIC DR $1, SANTA MONIC DR $1, SANTA MONIC DR $1, BARCELONA TER $1, BARCELONA TER $1, VISCAYA CIR $1, VISCAYA CIR $1, VI SCA YA CIR $1, VISCAYA CIR $1, VI SCA YA CIR $1, VISCAYA CIR $1, VISCAYA CIR $1, VISCAYA CIR $1, VI SCA YA CIR $1, VISCAYA CIR $1, VISCAYA CIR $1, SEVILLE ST $1, SEVILLE ST $1, SEVILLE ST $1, SEVILLE ST $1, SEVILLE ST $1, BARCELONA TER $1, BARCELONA TER $1, BARCELONA TER $1, CYPRESS DR $1, CYPRESS DR $1, CYPRESS DR $1, CYPRESS DR $1, CYPRESS DR $1, CYPRESS DR $1, CYPRESS DR $1, CYPRESS DR $1, SEVILLE ST $1, SEVILLE ST $1, SEVILLE ST $1, SEVILLE ST $1, VISCAYA CIR $1, VISCAYA CIR $1, VISCAYA CIR $1, page 3 of 4

23 I Folio Number Site Address 2018 Tax Bill VISCAYA CIR $1, VISCAYA CIR $1, VISCAYA CIR $1, VISCAYA CIR $1, VISCAYA CIR $1, SEVILLE ST $1, CYPRESS DR $1, CYPRESS DR $1, CYPRESS DR $1, CYPRESS DR $1, CYPRESS DR $1, CYPRESS DR $1, CYPRESS DR $1, CYPRESS DR $1, CYPRESS DR $1, GRANADA WAY $1, GRANADA WAY $1, GRANADA WAY $1, GRANADA WAY $1, GRANADA WAY $1, GRANADA WAY $1, GRANADA WAY $1, GRANADA WAY $1, GRANADA WAY $1, SEVILLE ST $1, SEVILLE ST $1, SEVILLE ST $1, GRANADA WAY $1, GRANADA WAY $1, GRANADA WAY $1, GRANADA WAY $1, GRANADA WAY $1, GRANADA WAY $1, GRANADA WAY $1, BARCELONA TER $1, BARCELONA TER $1, BARCELONA TER $1, FLORES WAY $1, FLORES WAY $1, FLORES WAY $1, FLORES WAY $1, FLORES WAY $1, FLORES WAY $1, FLORES WAY $1, SEVILLE ST $1, SEVILLE ST $1, $237, page 4 of 4

24 MEMORANDUM TO: FROM: District Manager EV.~c{;) Michael J, Pawelczyk, Esq~', r VJJ Vanessa T. Steinerts, Es~ / DATE: June 22, 2018 RE: 2018 Legislative Session, Recently Approved Legislation ~ ~--- Attached please find copies of three (3) new laws recently adopted by the Florida Legislature during the 2018 Legislative Session and enacted into law. These new laws could have some impact on special districts and are summarized below. 1. Chapter 2018~52, Laws of Florida. This act prohibits a company that is on the 1 <Scrutinized Companies that Boycott IsraeP' List or that is engaged in boycott of Israel, from bidding on, submitting proposals for, or entering into or renewing a contract for any amount with an agency or local governmental entity for goods or setvices. A company that is on the ''Scrutinized Companies with Activities in Sudan" List, or the "Scrutinized Companies with Activities in the Iran Petroleum Energy Sector" List, or which is engaged in business operations in Cuba or Syria) is ineligible to, and may not, bid on, submit a proposal for, or enter into or renew a contract with an agency or local governmental entity for goods or services in the amount of One Million Dollars ($1,000,000) or more. At the time a company submits a bid or proposal for a contract or before the company enters into or renews a contract with an agency or local governmental entity for goods or services, the company must certify that the company is eligible under the Section , Florida Statutes. This section provides for certain exceptions and requires contracts that have already been entered into to contain termination provisions. This legislation becomes effective July 1, Chapter , Laws of Florida. This act relates to public record laws and provides for a new exemption from public records disclosure requirements for fire safety systems of certain properties held by an agency and exempts from public records and public meetings requirements portions of meetings that would reveal fire safety system plans held by an agency. The act provides for a retroactive application of the exemption, This. legislation became effective oh April 6, 2018.

25 3. Chapter , Laws of Florida. The act provides that special districts that are building, improving or expanding public facilities addressed by a development order issued to a developer tnay use the most recent local government report submitted by the developer on a development ofregional impact required by Section (6), Florida Statutes, as its public facilities report, provlded that all information required by Section (2), Florida Statutes, is in the report. This law became effective April 6, Should you have any questions regarding these newly enacted laws please do not hesitate to contact this office. 2

26 The Board of Supervisors of the Cypress Cove Community Development District will hold their regularly scheduled public meetings for Fiscal Year 2019 the offices of United Community Management, West Sample Road, Suite 103, Coral Springs, Florida at 7:00 p.m. on the third Tuesday of the month as follows: October 16, 2018 November 20, 2018 December 18, 2018 January 15, 2019 February 19, 2019 March 19, 2019 April 16, 2019 May 21, 2019 June 18, 2019 July 16, 2019 August 20, 2019 September 17, 2019 There may be occasions when one or more Supervisors will participate by telephone. At the above location there will be present a speaker telephone so that any interested person can attend the meeting at the above location and be fully informed of the discussions taking place either in person or by telephone communication. These meetings are open to the public and may be continued to a time, date and place certain. Supervisors may attend the meeting by telephone as long as there is a quorum present at the meeting place. Any person wishing to receive a copy of the minutes of the meeting may contact Rich Hans at (954) Each person who decides to appeal any action taken at these meetings is advised that person will need a record of the 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. Rich Hans Manager

27 Search for Financial Disclosure Filers Search Results In the table below, organization names are linked to coordinator contact information. Supervisor of Election and CommfssioJl on Ethics links display the relevant contact information. Once we have logged in a Form 6, the status will contain the date received and the message "Form Available Soon!" Whe~ the Form 6 becomes available online, the Filing Requirement Fulfilled status will have a link to uv1ew form." If you filed wlth the Commission or the Supervisor of Elections and no date appears in the "Filing Requirement Fulfill~Ji'' column, it means either the Supervisor or Commission has not yet recorded receipt of your form. Generally, forms are recorded within a few days of receipt. If you are concerned about the status of ~~ur form, please use the contact information under ' 1 Statutory Flllng Requirement." Section , Florida Statutes, requires that all CE Form 6 Full and Public Disclosure of Financial lnte~~$ts, other than those of judges and judges of compensation claims, be posted onllne. Before being posted onl\ne, any information required by law to be maintained as conftdentlal must be redct,c:ted. For persons other than those who have flied as candidates with the Department of State, this process may take up to five business days. IMPORTANT INFORMATION FOR INCUMBENTS FILING AS CANDIDATES WITH THE DEPARTMENT OF STATE If you are an incumbent filing financial disclosure with the Department of State as part of qualifying for r~ electlon, you do not have to separately file disclosure with the Commission; the Department is required to send us your form. However, we do not expect the Department to send the forms until June.27, and we expect them to send a very large volume on that date, meaning an increase in our processing time. Therefore, if you filed your Form 6 with the Department of State as part of the qualifyjhg period that began June 4, there will be a delay in showing your form as "received" on our website. Those forms may be available for viewing on the Department of State website before they are available here. Your Search for" Cypress Cove Community Development District - Board of SJlpervisors " returned the following results: Coordinator: Rich Hans Governmental Management Services 5385 N. Nob Hill Rd Sunrise, FL, (954) rhans@gmssf.com Narrow results to a particular suborg: All Suborganizations Board of Supervisors Employees Filer ID form Year Full Name Organizations Statutory Filing Requirement Filing Requirement Fulfilled Filing History Abstencio, Maritza Cypress Cove Community Dey~lopment District-Board of Supervise~ form 1 with Broward County SOE ~ 06/22/2018 j View Filing History j Cypress Cove Community J~evelopment District-Board of Supervisors form 1 with Broward County SOE (ii!;) 06/25/2018 j View Filing History j Cypress Cove Communfi.Y Development District-Board of SUPJ!fyisors Form 1 with Broward County SOE ~ 06/29 /2018 j View Filing History j Cypress Cove Comnt~nity Development District-Board of S/~~ervlsors Form 1 with Broward County SOE e;i 06/20/2018 j View Filing History j j Search Again j General Information about Filing Fi;!tncial Disclosur~~ "'; ;,," Brochure: A Gulde to the Sunshine Ame~d~ent and Coctlif Ethics (PDF) Financial Disclosure Laws The Commission on Ethics Rules on Financialb1~lo_~ufy; Forms and Detailed Instructions.,_,sy+ For assistance with financial disclosure, you may wish to contact the Commission's Flnanclal Disclosure Coordinator, Kimberly Holmes, at disclosure@leg.state.fl.us or (850) Address correspondence to P.o. Drawer Tallahassee, FL Under Florida law, addresses are public records. lf you do not want your address released in response to a public-records request, do not send electronic mail to this entity. Instead, contact this office by phone or ln writing.

28 Cypress Cove Community Development District Check Register Summary Check Date Check #'s Total Amount Total $10, $79, $90,315.40

29 AP300R YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER RUN 7/09/18 PAGE 1 *** CHECK DATES 05/01/ /30/2018 *** CYPRESS COVE - GF BANK A CYPRESS COVE - GF CHECK VEND#... INVOICE EXPENSED TO... VENDOR NAME STATUS AMOUNT... CHECK... DATE DATE INVOICE YRMO DPT ACCT# SUB SUBCLASS AMOUNT # 5/07/ /05/ * VISITOR ENTRANCE SRVC 5/04/ * SRVC RESIDENT ENTRANCE ASAP GATE PLUS, LLC /07/ /16/ * REPAIR WATCH FOR CHILD SG 5/01/ * 2, MAY 2018 GROUNDS MAINT 5/03/ * IRRIGATION SRVC 5/3/18 INNOVATIVE GROUNDS 3, /07/ /28/ FIN * FINAL PMT LIGHT POLE VOLTAGE ELECTRIC, INC /07/ /31/ * DEC 2017 PRORATED MGMT FS 1/01/ * 1, JAN 2018 MGMT FEES 2/01/ * 1, FEB 2018 MGMT FEES 2/01/ *.15 FEB 2018 OFFICE SUPPLIES 2/01/ * FEB 2018 COPIES 3/01/ * 1, MAR 2018 MGMT FEES 3/01/ ~2000 * MAR 2018 POSTAGE 3/01/ * MAR 2018 COPIES 4/01/ * 1, APR 2018 MGMT FEES 4/01/ * 4.75 APR 2018 POSTAGE 4/01/ * 9.90 APR 2018 COPIES 5/01/ * 1, MAY 2018 MGMT FEES 5/01/ * 4.19 MAY 2018 POSTAGE 5/01/ * MAY 2018 COPIES GMS - SO FLORIDA, LLC 6, CCOV CYPRESS COVE MPHILLIPS

30 AP300R YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER RUN 7/09/18 PAGE 2 *** CHECK DATES 05/01/ /30/2018 *** CYPRESS COVE - GF BANK A CYPRESS COVE - CHECK VEND#... INVOICE... EXPENSED TO... VENDOR NAME DATE DATE INVOICE YRMO DPT ACCT# SUB SUBCLASS 6/14/ /14/ /14/ /21/18 I NOTICE OF QUALIFYING PERD ALM MEDIA, LLC 5/08/18 5/22/18 6/01/ /14/ /14/ REINSTALL GATE ARM REINSTALL GATE ARM REINSTALL GATE ARM ASAP GATE PLUS, LLC. 4/30/ SERVICE THRU 4/30/2018 BILLING, COCHRAN, LYLES, MAURO & 6/14/18 6/14/ /14/ /01/18 6/01/18 6/01/18 6/01/ /14/ /04/18 5/11/18 6/01/ DS P /1/18 PRINCIPAL NOTE 2018DS P /1/18 INT NOTE 2018DS P TOTAL ON DEP IN REV ACCT 40 JUNE 40 JUNE 40 JUNE 40 JUNE GF CYPRESS COVE CDD C/O US BANK S MGMT FEES OFFICE SUPPLIES POSTAGE COPIES GMS - SO FLORIDA, LLC INSPECT LIGHTS AND OUTAGE INSTAL 3 SURINAM CHERRY JUNE 2018 LANDSCAPE MAINT INNOVATIVE GROUNDS 6/14/ /04/ ELECTRIC SERVICE LIGHTING MANAGEMENT CO., INC. STATUS AMOUNT... CHECK... AMOUNT # * * * * * 1, , * 43, * 28, * , * 1, * * 5.17 * , * * * 2, , * CCOV CYPRESS COVE MPHILLIPS

31 AP300R YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER *** CHECK DATES 05/01/ /30/2018 *** CYPRESS COVE - GF BANK A CYPRESS COVE - CHECK VEND#... INVOICE... EXPENSED TO... VENDOR NAME DATE DATE INVOICE YRMO DPT ACCT# SUB SUBCLASS 6/14/ /21/ MAY 2018 AQUATIC SERVICE SOUTHERN WEED CONTROL MANAGEMENT, GF TOTAL FOR BANK A TOTAL FOR REGISTER STATUS * RUN 7/09/18 AMOUNT , , PAGE 3... CHECK... AMOUNT # CCOV CYPRESS COVE MPHILLIPS

32 CYPRESS COVE COMMUNITY DEVELOPMENT DISTRICT COMBINED BALANCE SHEET May 31, 2018 General ASSETS: CASH INVESTMENTS Construction Revenue PREPAID EXPENSES $793,787 $20,294 $25 $2,688 TOTAL ASSETS $276,787 LIABILITIES: ACCOUNTS PAYABLE FUND BALANCES: UNRESERVED TOTAL LIABILITIES & FUND EQUITY & OTHER CREDITS $8, 740 $208,647 $276,787 Page 7

33 REVENUES: Cypress Cove Community Development District General Fund Statement of Revenues & Expenditures For the Period Ended May 31, 2018 Adopted Prorated Budget Actual Budqet Thru Thru Variance Maintenance Assessments $161,997 $161,997 $152,801 {$9, 196) Debt Service Assessments $75,753 $75,753 $71,453 ($4,300) Misc. Income $0 $0 $86 $86 Interest Income $150 $100 $187 $87 TOTAL REVENUES I s237,9oo $237,850 $224,526 rs13,324j I EXPENDITURES: ADMINISTRATIVE: Engineering Fees $0 $0 $2,000 ($2,000) Attorney Fees $7,500 $5,000 $10,013 ($5,013) Annual Audit $4,200 $200 $200 $0 Trustee Fees $2,700 $0 $0 $0 Management Fees $15,000 $11,694 $11,694 $0 Telephone $1,800 $1,200 $0 $1,200 Postage $100 $67 $103 ($36) Printing and Binding $0 $0 $107 ($107) Insurance $5,500 $5,500 $5,778 ($278) Legal Advertising $3,000 $2,000 $237 $1,763 Other Current Charges/Office Supplies $6,840 $4,560 $1,073 $3,487 Dues, Licenses, Subscriptions $1,000 $667 $175 $492 Capital Outlay $22,500 $15,000 $0 $15,000 Property Appraiser $3,000 $2,000 $400 $1,600 Collection Fees & Early Payment $10,699 $7, 133 $0 $7,133 Debt Service Payment - Principal $33,228 $0 $0 $0 Debt Service Payment - Interest $39,263 $0 $0 $0 TOTAL ADMINISTRATIVE $156,330 $55,019 $31,779 $23,241 MAINTENANCE Security $5,000 $3,333 $7,640 ($4,306) Cable $0 $0 $2,270 ($2,270) Phone $0 $0 $1,365 {$1,365) Electric $6,500 $4,333 $3,626 $707 Lake Maintenance $4,380 $2,920 $4,015 ($1,095) Landscape Maintenance $35,000 $23,333 $20,590 $2,744 Repairs & Maintenance $5,000 $3,333 $9,120 ($5,786) Contingency $0 $0 $1,500 {$1,500) Emergency Reserves $4,000 $2,667 $0 $2,667 Capital Reserves $20,000 $13,333 $0 $13,333 TOTAL MAINTENANCE $79,880 $53,253 $50,125 $3, 129 TOTAL EXPENDITURES $236,270 $708,273 $81,903 $26,369 EXCESS REVENUESl{EXPENSES) $7,690 $142,623 Fund Balance - Beginning $0 $66,024 Fund Balance - Ending $1,690 $208,647 Page2