Villa Portofino East Community Development District

May 181  2020

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Villa Portofino East
Community Development District
5385 N. Nob Hill Road, Sunrise, Florida 33351 Phone: 954-721-8681 - Fax: 954-721-9202
May 11, 2020
Board of Supervisors Villa Portofino East
Community Development District
Dear Board Members:
A communications media technology meeting of the Board of Supervisors of the Villa Portofino East Community Development District will be held on May 18, 2020 at 11:45 a.m. In accordance with Office of the Governor, Executive Order 20-69 (Emergency Management - COVID-19 - Local Government Public Meetings), authorizing the use of communications media technology, such as telephonic conferencing, as provided in Section 120.54(5)(b)2, Florida Statutes, the Board of Supervisors and members of the public may attend and participate in the meeting utilizing the following call-in information: from your computer, tablet or smartphone go to: https://global.gotomeeting.com/ioin/446648861 or by dialing (872)240-3212 Access Code: 446648861# and are further encouraged to submit comments or questions in advance of the meeting by email to info@gmssf.com or by telephone by calling 954-721-8681. If Executive Order 20-69 expires prior to this meeting date, the meeting will be held at the previously advertised location at 1031 Ives Dairy Road, Suite 228, Miami, Florida.
Roll Call
Organizational Matters
Consideration of Appointment of Supervisor(s) to Unexpired Term(s) of Office for Seat #1 (11/2020) and Seat #4 (11/2020)
Oath of Office for Newly Appointed Supervisor(s)
Election of Officers
Approval of the Minutes of the June 19, 2017, April 15, 2019, October 21, 2019, November 18, 2019 and February 24, 2020 Meetings
Public Hearing to Adopt the Fiscal Year 2021 Budget
Motion to Open the Public Hearing
Public Comment and Discussion
Consideration of Resolution #2020-04 Annual Appropriation Resolution
Consideration of Resolution #2020-05 Levy of Non Ad Valorem Assessments
Motion to Close the Public Hearing
Discussion of Procedures for the Landowners Election - November 16, 2020
Consideration/ Ratification of Agreement for Access . t o Certain Exempt Information Maintained by Miami­ Dade County Property Appraiser
Staff Reports
Attorney
Engineer
Field Manager
Manager
Consideration of Proposed Fiscal Year 2021 Meeting Schedule
Reminder to File Annual Financial Disclosure Form
Update on Status of Refinancing
Financial Reports
Approval of Check Run Summary
Balance Sheet and Income Statement
Supervisors Requests and Audience Comments
Adjournment
Meetings are open to the public and maybe continued to a time, date and place certain. For more information regarding this CDD please visit the website: http://www.villaportofinoeastcdd.com

MINUTES OF MEETING VILLA_ PORTOFINO EAST
COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the Villa Portofino East Community Development District was held on Monday, June 19, 2017 at 11:45 a.m.  at 1031 Ives Dairy Road, Suite 228, Miami, Florida.

Present and constituting a quorum were:

Nancy Iglesias Jorge Cepero Jim Dupre

Chairman  Vice Chairman
Assistant Secretary

Also present were:
Gerry Knight Vanessa Steinerts Luis Hernandez Eli Pluzynski

District Counsel
Billing, Cochran, Lyles et al District Manager
Prime Homes

FIRST ORDER OF BUSINESS	Roll Call
Mr. Hernandez called the meeting to order and called the roll.

SECOND ORDER OF BUSINESS	Organizational Matters
Consideration of Appointment of Supervisor(s) to Fill Unexpired Term(s) of Office for Seat #1 (11/2018) and Seat #3 (11/2018)
Oath of Office for Newly Appointed Supervisor(s)
Election of Officers
Mr. Hernandez: Similar to what we faced at the prior meetings, does the Board have anyone they would like to appoint for the vacant seats?
Ms. Iglesias: Not yet.
Mr. Hernandez:	So with that being said, we will table this item for the next meeting.

Mr. Hernandez: Before we move to the next item, I'm just passing out a copy of the proposed budget which has not changed from what was presented originally 2 ½ months ago.

THIRD  ORDER OF BUSINESS	Approval	of	the	Minutes   of
the	March  21,  2016,  May 16,
2016, July 18, 2016 and October
17, 2016 Meetings
Mr. Hernandez: With that being said, the next item we have is approval of the minutes of March 21, 2016, May 16, 2016, July 18, 2016 and October 17, 2016 meetings.
Mr. Cepero: Table.

FOURTH  ORDER OF BUSINESS	Public	Hearing	to	Adopt	the
Fiscal Year 2018 Budget
Motion to Open the Public Hearing
Mr. Hernandez: Moving on to the public hearing to adopt the fiscal year 2018 budget. The first action from the Board would be a motion to open the public hearing.

On MOTION by Mr. Dupre seconded by Ms. Iglesias with all in favor, opening the Public Hearing was approved.

Public Comment and Discussion
Consideration of Resolution #2017-07 Annual Appropriation Resolution
Mr. Hernandez: Before we do the comments from the audience I just want to indicate that we have no public today, so the District is not avoiding that subject. As to the proposed budget itself, the only thing I need to indicate is that there is no need to have any increase, District staff believes that with the set amount of levies that the District has been charging over the last year, the District will be able to continue providing the same services as it has been providing, therefore  there is no increase in the general fund. The debt portion is the fixed amount, so no changes whatsoever are taking place in either of those two items, those being and meaning by that the Series

2007 and the Series 2012 Bonds. With that being said, unless anyone has any questions in regard to the proposed budget we can move on to the resolution.
Mr. Cepero: Eli, you've looked through these budgeted expense line items? Mr. Pluzynski: No, just now.
Mr. Hernandez: They are the same ones that were presented 2 months ago. Mr. Cepero: Well, then are these are alright?
Mr. Pluzynski: As far as it looks on here it looks fine, but I don't see operating financials as far as to compare what it was to what's being proposed, so I don't really feel like I really have all the information to really say either way, but just judging by this it looks fine because it's the same as it was, but I don't see the operating financials for this so I don't know really if I have the ability to say, "yes it makes sense"  or "it doesn't" either way, because I don't really see those.
Mr. Cepero: Well, we're over budget last year, or were we good?
Mr. Hernandez: We were good, and the part that I don't get from the statement is, do you see the first column, the 2017, that's the adopted budget, so for instance, the electricity in the field the prior year we used to have $6,000, as of right now the District has spent $5,506, and it's expected that the remainder of the year the District is going to spend $1,494, so the total estimated amount of expenses for that fiscal year 2017 is to be
$7,000, and that's the amount that we're budgeting for the fiscal year 2018. Landscaping, we have $12,000 and that's an agreement that the District has, we are budgeting for the coming year another $12,000. For the lake maintenance, the District does not have any lake maintena:11:ce requirements, but still we do  have in the  budget
$5,000. It's being maintained that way. For the fountains, we do have an agreement, the prior year was $1,500, and it's being kept and maintained at the same amount. For repairs and maintenance, out of the $10,000 the District has not spent anything as of yet, but still we' re maintaining the same amount. Field operation is the agreement that the District has, and it continues to be the same amount $19,000, and for the contingency, so far the District has spent $3,400, but  we're maintaining the same amount of $8,500.   So

for all those reasons, I can say that the expenses that we have faced in the current fiscal year will match what we're estimating for the following year.
Mr. Cepero: We don't have any budgeted  expenses for the lake maintenance? Mr. Hernandez: No, the District is not the one that is paying for that expense.
The lakes are being maintained by the HOA. Mr. Cepero: They are?
Mr. Hernandez: Yes.
Mr. Cepero: Ok So why are we having a lake maintenance line item?
Mr. Hernandez: Since it has been since establishment, we don't know if it's that the HOA may choose to terminate that agreement, but the lake belongs to the CDD, so they could potentially come back and ask the District to be responsible for that. So we'd rather have the line item, if it doesn't get to be spent as we have done in the past, it's just carried forward for the next year.
Mr. Cepero: Alright, I make a motion to approve.
Mr. Hernandez: The way to approve it would be through the resolution, which is resolution #2017-07, and what this is going to be doing is taking this proposed budget and making it the District's adopted budget. So by approving resolution #2017-07 you are adopting the budget.

On MOTION by Mr. Cepero seconded by Mr. Dupre with all in favor, Resolution #2017-07 the Annual Appropriation Resolution was approved.

Consideration of Resolution #2017-08 Levy of  Non  Ad  Valorem Assessments
Mr. Hernandez: The next item is resolution #2017-08 that is going to levy the Non Ad Valorem Assessments which means that the District once again is levying on the Miami-Dade County tax bill. So recommendation at this point is to adopt resolution #2017-08.

On MOTION by Mr. Cepero seconded by Mr. Dupre with all in favor, Resolution #2017-08 levy of Non Ad Valorem Assessments was approved.

Motion to Close the Public Hearing
Mr. Hernandez: Unless anyone has any other questions in regard to the budget, a motion to close the public hearing would be in order.

On MOTION by Mr. Dupre seconded by Ms. Iglesias with all in favor, closing the Public Hearing was approved.

FIFTH ORDER OF BUSINESS	Acceptance  of	Audit for Fiscal
Year Ending September 30, 2016
Mr. Hernandez: Moving on, similar to what we did in the past, you have received an electronic copy of the audit, and I'm passing out hard copies of the District's audit for the fiscal year ending September 30, 2016. It is a clean audit, and unless anyone has any questions, a motion to accept the audit for fiscal year ending September 30, 2016 would be in order.

On MOTION by Mr. Cepero seconded by Mr. Dupre with all in favor, accepting the audit for Fiscal Year ending September 30, 2016 was approved.

SIXTH ORDER OF BUSINESS	Consideration	of	Proposal	for
Dadeland Pool CPC
Mr. Hernandez:	We have received a proposal form Dadeland Pool, and that pertains to and is for the fountain. It needs to be repaired, and it's for a total amount of
$895 and this came from you Eli, so I would assume you are fine with that?
Mr. Pulzynski: Yes. It's the portion of the fountains that shoots from the bottom, and the tops aren't working, that's the pump for those.
Mr. Cepero: How many times have we fixed this fountain?

Mr. Pulzynski: Since I've been here we've only fixed it once, and we switched vendors on it like a month ago, or two months ago maybe, and so this has come up once they did their inspection as far as why it wasn't working properly.
Mr. Knight: We just did an agreement with them right for fountain maintenance?
Mr. Pulzynski: Yes.
Mr. Hernandez: Yes.
Mr. Knight: Is this covered by the agreement that we did?
Mr. Pulzynski: No, the maintenance is more like pool maintenance, so maintaining the chemicals, and that portion of it.
Mr. Knight: Ok, I'm just trying to clarify, any work that they do is under the agreement, or I'm trying to get it under the agreement so that everything in  there applies.
Mr. Pulzynski: Right, the agreements primarily are strictly for service, so maintaining the chemicals, and whatnot, so any repairs are extraneous from that.
Mr. Knight: Ok.
Mr. Pulzynski: I mean I'll check them if they'd off er like a service agreement.
Mr. Knight: Maybe they could put it under the agreement as a work order or something, I don't know.
Mr. Pulzynski: Ok, I see what you're saying, like just so it's not separate.
Mr. Knight: Right, I don't want to necessarily do a new agreement just for this. Mr. Pulzynski: I see what you're saying.
Mr. Knight: But I do want all the stuff in that agreement to apply. If they're going to go out there and do this work, they should have insurance and all of that stuff.
Mr. Pulzynski: Right.
Mr. Knight: So, I wanted to make sure, I'd like to make it under the agreement as like a work order, if it could be done that way.
Mr. Hernandez:	If they're a District vendor it means that it has already been provided to the District, insurance and so forth.

Mr. Pulzynski: Right.
Mr. Hernandez: So, if this work were to be done as part of the agreement that they have, the only thing they need to do is footnote it, that as per the agreement they have with us, so it's part of it, and it's understood the fact that it's going to be extra to contract, but it's still covered from the agreement.
Mr. Pulzynski: Sort of like a change order type of thing.
Mr. Hernandez: Exactly, that's exactly right, a change order is what you're approving here.
Mr. Knight: Right.
Mr. Pulzynski: Ok. Alright, so we just need to have that, obviously they need to approve this expenditure, but just have them redo that estimate as like a change order,  or something?
Mr. Knight: Right, or a work order under that.
Mr. Hernandez: All we would need for that would be an invoice, rather than an estimate. So it would be an invoice indicating in that invoice that as per the agreement that they have with the District, this is covered.
Mr. Pulzynski: Ok, alright.
Mr. Hernandez: With that being said, consideration for the Board is on the table to approve work that needs to be done to the fountain based on estimate #2350 in the amount of $895.

On MOTION by Mr. Dupre seconded by Mr. Cepero with all in favor, accepting the proposal #2350 from Dadeland Pool CPC in an amount not to exceed $895 to repair the fountain as stated on the record was approved.

SEVENTH ORDER OF BUSINESS	Staff Reports
Mr. Hernandez: Moving on to staff reports, Mr. Knight?

Attorney
Mr. Knight: Nothing to report.

Mr. Hernandez: Thank you.

Engineer
Mr. Hernandez: Nothing from the engineer.

Field Manager
Mr. Hernandez: Eli, anything else that you need to present?
Mr. Pulzynski: Yes, I just wanted to check, do we need to approve the increase for the storm drain cleaning as well?
Mr. Hernandez: Yes, the $400?
Mr. Pulzynski: Yes, so when they came out to actually clean the storm drains, cut the roots out that we talked about a while ago, it took them longer and basically that's what it was based on "X" amount of hours and it took longer, so it ended up being, the total including the reimbursement to the HOA was $400 more than what we had originally approved, so we just need an additional $400 approved for that.
Ms. Iglesias: What was the original?
Mr. Hernandez: $5,000, and at the end when the entire project was finalized it was $5,400.
Mr. Knight: Did we do an agreement for that?
Mr. Hernandez: Yes, we did an agreement with the vendor for the portion that  the District paid for, there was a portion that the homeowners association has already paid for, and what we have done so far to be able to release the vendor is, the amount that was pending to be paid to the vendor has already been paid, and once I obtain the approval from the Board for the extra $400, the HOA will be reimbursed.
Mr. Cepero: Well, I expected the proposal to be a lump sum proposal, not a hourly proposal that they were going to raise later.
Mr. Pulzynski: The proposal stated it was based on like 4 hours or something, I don't remember the exact time was, but they could take longer to cut through the roots based on, and it would be based on total time spent for the job.

Mr. Cepero: But who verifies that? How can we have a bid comparison if they come back later and say, oh well it took longer so here's a new bill?
Mr. Pulzynski: Some of the bids didn't even give an estimated time, they just said, we charge "X" amount of dollars per hour to cut out the roots, and they were there because I talked to Jose the day they came, and he said they were there as long as he was over there from the morning all the way until the evening.
Mr. Dupre: Who's Jose?
Mr. Pulzynski: Jose is the maintenance guy for the HOA. Mr. Dupre: So what else did they do for the $5,000?
Mr. Pulzynski: They originally camera'd, and that was what the HOA paid for, was the camera to go down, and see what it was, and then they came back, and did the actual cutting.
Mr. Dupre: So, I make a motion to approve the additional amount. Mr. Cepero: Hold on, so the pipes are now root free?
Mr. Pulzynski: Correct.
Mr. Cepero: Are they going to camera it again to verify that?
Mr. Pulzynski: Yes, they said when they cut it, they bring two trucks, they bring the camera truck, and the other truck so they're cameraing while  they're cutting  to make sure because I discussed that with them when I was asking about as far as damaging the pipes, and making sure of that. So when I was asking why everyone else is saying, we can't use mechanical because it's a PVC pipe, and they were saying we have skids on ours so it keeps it safe, and then we put a camera in at the same time so they can see what's going on while they're cutting.
Ms. Iglesias: We have a warranty, I'm sure though.
Mr. Pulzynski: Yes, for a short amount of time because the roots will grow back unless we continue to treat which is what they told me, basically once a year we should buy the Root X, it's like root treatment, and we can obviously hire someone, or we just buy a few bags from Home Depot and before it rains we dump it down and it goes down and it keeps the roots out of the storm system.

Mr. Cepero: And can we get a copy of the video to verify that everything has been cut properly?
Mr.  Pulzynski:	I  can  ask  them,  I  don't  know  if   it  was	a video they were recording, or if it was a video they were just watching as they were cutting.
Mr. Hernandez: No they need to record it. Mr. Pulzynski: That it's cleared?
Mr. Hernandez: Yes, they need to record that, and you are entitled to get a copy of that.
Mr. Cepero: And was there any damage to the pipe? Mr. Pulzynski: No.
Mr. Cepero:	I'm not approving the change order, we only do lump sum agreements.
Mr. Pulzynski: Well, that was the quote they provided us, which was $400.
Mr. Cepero: That was not fully understood, we do things that way, so people can charge whatever they want.
Ms. Iglesias: It was because they did extra hours.
Mr. Dupre: Right, but is there something in the contract that would allow them  to charge the $400, yes right?
Mr. Pulzynski: Yes.
Mr. Dupre: And the agreement has been signed.
Mr. Pulzynski: Yes, the agreement said this is based on an estimate of this many hours, it could go over.
Ms. Iglesias: Ok, so it does say that it could go over, ok so we did sign off on
that.
Mr. Cepero:	But what's the point of having a bid if everybody just puts in a
lower number, and then says, oh well this is hourly, and I'm going to charge you actually whatever time it takes.

Mr. Pulzynski: But like I said, those were the standards, some of the other companies that quoted, they just said we charge $200 or $250 an hour, and it was based on how long it takes.
Ms. Iglesias: And they let you know that they were going to go extra hours, and we left it open like that, and we approved it.
Mr. Cepero: Yes but we have to understand that when we're looking at these contracts. We at least would have had you go back to them, and request that they commit to a number.
Mr. Pulzynski: I don't think they would have, because I don't think any of them · would because they don't know how long.
Mr. Cepero: Well, moving forward, unless everybody absolutely refuses, our position is we need a lump sum, we don't do hourly stuff because they can go out for a "smoke" while they're doing that, and I'm sure the truck was there, but  does  that include their nap time after lunch?
Mr. Dupre: And the other bids were similar right? Mr. Pulzynski: Yes.
Mr. Hernandez: So, I have a motion on the table authorizing the $400, based on the discussion the Board wants to move forward, and finalize this?
Mr. Cepero: I guess under protest because we have a signed contract, but that's not what I understood the contract to be, but I guess I'll have to go along with what the contract says.

On MOTION by Mr. Dupre seconded by Ms. Iglesias with all in favor, authorizing an addition $400 to be paid to the vendor for the root cutting in the storm drains was approved.

Mr. Pulzynski: Then the other thing is, did you get the paperwork that shows you, as far as what was CDD area for the landscaping that we discussed last time?
Mr. Hernandez: No, I have not received that.

Mr. Pulzynski: I think I emailed, I may have even emailed it twice, I actually brought my copy though. This shows what we discussed last time as far as what tracts are CDD in that area.
Mr. Hernandez: Got it, so the portion that was questioned at the last meeting in regard as to who rightful owner is, based on this document belongs to the CDD.
Mr. Pulzynski: Yes. Mr. Hernandez: Ok.
Mr. Pulzynski: Or the one street is city, maintained by the CDD, and then the other is actually owned by the CDD.
Mr. Hernandez: There is an agreement for that, yes, that one I will not have a problem with.
Mr. Pulzynski: Alright.
Mr. Hernandez: I just need to take some notes off of the paperwork, and then I can return that back to you.
Mr. Pulzynski: Ok, and that should be in one of the emails I sent you, so you should have it electronically as well.
Mr. Hernandez: Ok. Anything else that you need for the Board to consider at this point?
Mr. Pulzynski: No, that's all I have.
Mr. Cepero: What about the funds available? Mr. Pulzynski: We went through that last time.
Mr. Hernandez: Yes, the Board already authorized that. Mr. Cepero: No we couldn't get the numbers.
Mr. Pulzynski: That was previous the last meeting, but the last meeting you guys approve the expenditure contingent on that the land was part of the CDD and/ or maintained or owned by the CDD.
Mr. Cepero: Alright.

Manager
· Number of Registered Voters in the District - 171
Consideration of Proposed Fiscal Year 2018 Meeting Schedule
Discussion of Financial Disclosure Report from the Commission on Ethics
Mr. Hernandez: Not have any other items for the field manager, as for the manager, the first item that I need to report is that the number of registered voters within the District is 171. The reason and importance of that statement is once the District meets two of the requirements of the Florida Statutes those being 6 years of establishment, and 250 registered voters, the election of the Supervisors will be held and maintain by Miami­ Dade County. As of yet, the District has not met the 250 registered voters so the District will continue to have landowners elections. Moving on, the next item that I have is consideration of the proposed fiscal year 2018 meeting schedule. Similar to what was presented before, the District intends to have meetings on the third Monday  of  each month at 11:45 a.m. with the exceptions in January and February because of holidays. Since the same has been approved in the prior meeting my recommendation is to accept it, and approve it the same thing for this one. With that being said, a motion to approve the proposed fiscal year 2018 meeting schedule would be in order.

On MOTION by Mr. Cepero seconded by Mr. Dupre with all in favor, accepting the proposed Fiscal Year 2018 Meeting Schedule was approved.

Mr. Hernandez: Moving on to the financial disclosure report, just a reminder please file those forms as soon as possible.

EIGHTH ORDER OF BUSINESS	Supervisors	Requests	and
Audience Comments
Mr. Hernandez: Are there any Supervisors requests at this time? Ms. Iglesias: No.

Mr. Hernandez: Once again, we have no audience today for any comments.

NINTH ORDER OF BUSINESS
Approval of Check Run Summary
Balance Sheet and Income Statement

Financial Reports

Mr. Hernandez: Item No. 9 is the financial reports, behind tab A you have the check run summary, and behind tab B you have the balance sheet, and income statement. Unless anyone has any questions in regard to the financials, a motion to approve would be in order.

On MOTION by Mr. Cepero seconded by Mr. Dupre with all in favor, the Check Run Summary and the Balance Sheet and Income Statement were approved.

TENTH ORDER OF BUSINESS	Adjournment
Mr. Hernandez:	Unless anyone has any other District business to discuss, a motion to adjourn would be in order.

On MOTION by Mr. Dupre seconded by Ms. Iglesias with all in favor, the Meeting was adjourned.

Secretary / Assistant Secretary	Chairman / Vice Chairman

MINUTES OF MEETING VILLA PORTOFINO EAST
COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the Villa Portofino East Community Development District was held on Monday, April 15, 2019 at 11:45 a.m. at 1031 Ives Dairy Road, Suite 228, Miami, Florida.

Present and constituting a quorum were:

Nancy Iglesias Jorge Cepero Jim Dupre

Chairman Vice Chairman
Assistant Secretary

Also present were:

Ginger Wald Luis Hernandez Rich Hans NourShehadeh Yanely Moreno Eric Weiner

District Counsel District Manager
Governmental Management Services District Engineer
Prime Management Group Resident

FIRST ORDER OF BUSINESS	Roll Call
Mr. Hernandez called the meeting to order and called the roll.

SECOND ORDER OF BUSINESS	Organizational Matters
A. Consideration of Appointment of Supervisor(s) to Unexpired Term(s) of Office for Seat #1 (11/2020) and Seat #4 (11/2020)
8. Oath of Office for Newly Appointed Supervisor(s)
C. Election of Officers
Mr. Hernandez: Moving on to item No. 2, I just need to remind the Board that you have seat #1 and seat #4 vacant. Does the Board have anyone they would like to appoint for that vacant seat?
Mr. Cepero: Not at this time.
Mr. Hernandez: So, the entire section 2 will be tabled.

THIRD ORDER OF BUSINESS	Approval   of  the  Minutes   of the
March  21,  2016,  May  16, 2016,
July 18, 2016, October 17, 2016,
March  20, 2017, March  27, 2017,
May  15,  2017;  June  19,  2017,
March  19,  2018,  May   21, 2018
and February 11, 2019 Meetings
Mr. Hernandez: Moving on to section 3, you have approval of the minutes of the March  21, May 16, July  18 and  October 17, 2016.	Also,  the meetings  for March 20,
March  27, May 15, June  19 of 2017, and then March 19, May 21, 2018  and February
11,2019.
Mr. Cepero: Motion to approve March 21, 2016, and table the rest.

On MOTION by Mr. Cepero seconded by Ms. Iglesias with all in favor, the Minutes of the March 21, 2016 were approved,  and May  16, 2016,  July 18, 2016,  October  17,
2016, March 20, 2017, March 27, 2017, May 15, 2017, June
19, 2017, March 19, 2018, May 21, 2018 and February 11, 2019 Meetings were tabled.

FOURTH ORDER OF BUSINESS

Discussion of Drainage Issues
- Concerns and Solutions

Mr. Hernandez: Next we have discussion of the drainage issue, so let me just start and take the lead, and Yanely please help me to understand it. What the District has been informed of, and I received an email from the resident Eric letting me know that on the residential side that it seems to be that the drainage system is not properly working. I know I was working with Robert Cantu but he could not be here for some reason so we don't have the full details. What is the portion that you know as to what the problem is?
Ms. Moreno: Ok, I'm aware that there is flooding issue, and maybe caused by lack of maintenance.
Mr. Hernandez: So, all we know is that we have a flooding problem. Ms. Moreno: Yes.

Mr. Hernandez: No inspection has been made, nor has there been a discussion with the District engineer that you're aware.
Ms. Moreno: Right, I'm not aware of any of that.
Mr. Cepero: So, why are you saying it's a lack of maintenance? Ms. Moreno: Because that's what I have on Robert's emails.
Mr. Cepero: Who's Robert?
Ms. Moreno: Robert is the manager of the property.
Mr. Cepero: Why is he saying there's a lack of maintenance? I thought we were cleaning the drains regularly?
Ms. Moreno: Yes, the last cleaning was done in 2016-2017, so it's been like 2 years that it hasn't been done.
Mr. Cepero: Why didn't we do it last year?
Ms. Moreno: I'm not sure, I don't have that information. Ms. Iglesias: She just took over for Robert.
Ms. Moreno: Yes.
Mr. Cepero: Do you know why we didn't do it last year?
Mr. Hernandez: I have no idea. The part that I know,  and let's try to shift this  and give it a proactive action, Nour was asked to come to the meeting today, and for some reason he's not here. I just called him on his cell, he's not answering it. The District can only undertake the actions that the Board has allowed us to do. As I was speaking to some of the Supervisors prior to the start of today's meeting, we will have a meeting in a month approximately but just to be exact, the next meeting will be on May 20th. Rather than give another 30 days for this issue to be taken care of, one of the proactive actions that we can take is, try to get direction of a not to exceed to start cleaning or TVing, or whatever needs to be done, and as long as we don't exceed the amount that has been given, we will be able to come back with some answers.
Mr. Cepero: But, don't we already have money in the budget for cleaning the drains?
Mr. Hernandez: No, what we have done in the past is we used the last cleanup that we had, the District spent $3,700, and that's the only part I can attest to but, whether it was the entire parcel being done, or it was just a portion, I don't have the

details of that. The part that I can tell you is that the District could allocate, and I'm using that number as part of the number the Board can authorize, is that if we spend in one area $4,000 for giving a rough number with an area that we have a problem, I think it would be wise to authorize a not to exceed amount of $8,000.
Mr. Cepero: Do you have proposals for cleaning the drains? Ms. Moreno: I can get them.
Mr. Hernandez: So, we can take two actions, we can go back, and get some proposals, come back in a month to show you the proposals, and say let's wait and do the cleanup, or you can authorize a not to exceed amount now, and internally staff will have a not to exceed amount to work with, move forward, so that way we'll come next month, and if required, part of the discussion that we're having is that, it may be, and it appears that it's not only a cleanup issue, it may be that pipes need to be TV'd. If that comes to be the case, it is likely that we're facing something that is not a regular maintenance issue. If that is the case, my approach and my suggestion is to be a little bit proactive, so that when we come back in a month, we will be able to tell you if we have a major problem, what that problem is, and how to solve it, so that's the reason for my direction.
Ms. Iglesias: I agree. Ms. Moreno: I agree.
Mr. Hernandez: So, if the Board so wants to define the amount not to exceed, and give discretion to staff so that we will be able to work between the engineer, the field management company, and the regular management company of the COD to work and get this done, and hopefully come with a nice report to the next meeting, or we can come back, and just get you the quotes, and we come to the next meeting with a report as to how much it will cost.
Mr. Cepero: They don't need to have the quotes approved by the Board?
Mr. Hernandez: As long as it's within the not to exceed amount, no. You can appoint one of the Supervisors as we have done in the past to be the one giving the final blessing to the process, but the part that is required from the COD to be able to utilize the operation and maintenance funds is to have a blessing for a not to exceed amount.

Ms. Wald: And what you're doing.
Mr. Hernandez: Which is limited to the cleanup of the drainage system.
Ms. Wald: Well, what you're talking about is the COD TVing and videoing and cleaning, depending on what it shows on the video.
Mr. Hernandez: Correct.
Mr. Cepero:	We did TV previously for the drains? That's not usually done for
drains.
Mr. Hernandez: We did some portions because back in 2015, and I'm just going
by memory, we had some issues that there was a pipe that was broken by some trees, and roots were entering into the system, and that was what was clogging the drainage system every time. Supposedly at that time, they came, they removed the roots, they fixed the pipe, and in theory if the pipe is sealed, no roots will get in. The problem is if you a have minor crack, the roots start going to water, and they're going to enter into the pipe. Whether we're facing something similar right now, I don't know.  All I can report is what has taken place in the past.
Mr. Cepero: Can we also get quotes to do regular maintenance, not wait until there's a problem somewhere?
Ms. Moreno: Ok.
Mr. Cepero: And, have that brought to the Board so we can have an ongoing process.
Mr. Hernandez: Not only that, you will have it as a line item, there will be a line item in the budget.
Mr. Cepero: Exactly. We don't have that line item now?
Mr. Hernandez: We have that as a contingency, that has always been handled as a contingency.
Mr. Cepero: I'm assuming this all has to do with drainage pipes, but you just mentioned flooding. Is this what we're thinking? Is this the homeowner that you just mentioned had a problem? Would you like to speak a little bit as to your problem sir?
Mr. Weiner: Water would typically come on two thirds into my driveway, and as cars go through the road, creating wave issues that would then create a wave that would go up against my garage door, and water would then come into my garage under

the garage door. My understanding from say two years ago when Eli Pluzyaki was our temporary property manager that he had the lines scoped out, and Roto Rooter cleaned it, and within less than a month, during the next rain storm, that flooding was right back.
Mr. Dupre: We're going to get your address to see if the area, like where it went up into your garage, what length of the road does it apply to? Like at what distance do you think was the highest water level, so they can understand where to concentrate on finding a problem?
Mr. Weiner: On 30th Avenue. This is the pool area. Mr. Dupre: Which one is 30th, can you label it?
Mr. Weiner: This is the pool, here's the entrance gates. Mr. Dupre: And your house is where?
Mr. Weiner: I am right over here.
Mr. Dupre: Ok, so it flows from where to where?
Mr. Weiner: Typically, from near the pool to the area where the cul-de-sac is going to the north end.
Mr. Dupre: Ok.
Mr. Weiner: There is a lake back here, and there's also a lake on the other end, and again, I'm right in the middle, and here's one of the drains, and here I am, and I'm in the low spot, lucky me but, typically from the pool area, just before the cul-de-sac.
Mr. Dupre: That's the highest water right there?
Mr. Weiner: Yes, this is the highest, and this is the only area that floods, the south end does not flood because I'm told that water goes into the lake, and at the north end all that water goes into that lake.
Mr. Dupre: I got it, ok.
Mr. Hernandez: So, how does the Board want to move forward with this?  Do  you want to authorize a not to exceed amount, appointing a Supervisor to give the final blessing of that part? Or do you want us to get you some quotes and bring those back to the next meeting?
Mr. Cepero: Hold on, I want to understand this.

Mr. Dupre: He's Googling it. My preference would be not to waste a lot of time with this, and if we wait another 3 days, we get another storm, so let's get this started as soon as possible so I would like to go with a not to exceed amount, and get her started.
Mr. Hernandez: And appoint some Supervisor to lead the group as to the steps that need to be taken?
Mr. Dupre: Yes, and Jorge since you're very knowledgeable about all those roads, would you mind taking a look at the bids once they come in?
Mr. Cepero: Sure.
Mr. Hernandez: So, the amount will be $8,000, is that fine with the Board? Mr. Dupre: Yes, I move that we do that.
Mr. Hernandez: And the appointment would be for Jorge Cepero to give the final blessing to the process.
Mr. Dupre: Yes.
Mr. Cepero: Hold on, I'm sorry sir, which building is your house? Mr. Hernandez: Here, this one.
Mr. Cepero:  Oh, so you're right by the entry, so you're saying from here to here it floods?
Mr. Weiner: Yes, and at least 40% to 50% of the street floods, of course at the extreme it might only be 2" or 3" of water.
Mr. Cepero: Well, you have a lake back here too.
Mr. Weiner: No, we don't, there's a south lake and there's a north lake.
Mr. Cepero: So, you're not this house then? Can you point on this map where you're at?
Mr. Weiner: On the map?
Ms. Wald: Well, what's your address, let's do it that way.
Mr. Weiner: I'm 1052 NE 3oth Avenue, and I'm right there in the middle on the west side.
Mr. Cepero: So, I think there's a lake connection  here somewhere.  So, were you the gentlemen where we did those root cleanings? Is that your area that was addressed?
Mr. Weiner: Yes.

Mr. Dupre: When Eli was here, he said that Eli had it cleaned out, and then all of a sudden, 30 days later it was flooding again, so it wasn't what Eli did.
Mr. Cepero: Well, there has to be several inlets throughout this area.
Mr. Dupre: So, you're going to have to get the engineering plans to see exactly where that is.
Mr. Hernandez: Correct, that's the first step. Mr. Dupre: Yes.
Mr. Cepero: That's surprising the whole road would flood, so I think we need to get Nour involved.
Mr. Dupre: Yes.
Mr. Hernandez: Sure.
Mr. Cepero: And, we need to get him out there during a, I'm sorry, Nour is the District engineer, so he needs to get out there during a rain event, or maybe the vendors need to get out there during a rain event. I don't understand why if we did that cleaning a couple of years ago why this is happening to this magnitude.
Mr. Dupre: That's the other thing, we need to know what they did before so that the people that you hire, understand, "hey, this didn't work, what's going on? Maybe they missed a pipe going into the lake?", or whatever.
Mr. Cepero: Can you see in the records where the location was that was supposedly cleaned the tree roots that were causing a problem? So, we need to do a little bit of detective work and find out where the problem is.
Ms. Iglesias: Yes.
Mr. Cepero: Because either we didn't fix it last time, or we only fixed it partially, so maybe there's more than one location with a problem.
Mr. Dupre: Well, she's going to be consulting you before she does anything so, you'll be getting the bids and you can help with that.
Mr. Cepero:	And then, we need to have a maintenance line item for all the

drains.

Ms. Iglesias: Moving forward, yes.
Mr. Cepero: Is there any other places that this is happening?

Mr. Hernandez:	I don't know, that would be a good question for the field management company.
Mr. Dupre:	He says no, because he says that as you go out north, that lake takes care of that drain, there's never a problem.
Mr. Cepero:	Well, all the drains connect to the lakes, so there's something stopping it to get to the lakes.
Mr. Dupre: Ok.
Mr. Cepero:	So, maybe like you said, the roots grew back, but that's pretty aggressive within 2 years.
Mr. Dupre: But he said it happened again in 30 days. Mr. Cepero: Oh, 30 days it happened again.
Mr. Hernandez: That's what he's saying, yes. Mr. Cepero: So, we didn't fix anything then.
Mr. Hernandez: To me, that's part of the issue.
Mr. Weiner: My understanding is that middle section is only dry wells that the runoff saturates into.
Mr. Dupre: The engineer will confirm that, he has all the plans, so we're going to look into that as well.
Mr. Cepero: Well, this hasn't been happening for 15 years.
Mr. Weiner: I've only been a resident for 3 years, and I was greeted by this 2 weeks after I moved in April, 2016.
Mr. Cepero: Ok.
Mr. Hernandez: So, there is a motion on the table appointing you to be the contact person to describe what the District is doing. District staff is going to be working on it, meaning the field group, the District engineer, and the management company and the Board has authorized to get anything that is required for solving this drainage issue in an amount not to exceed $8,000.
Mr. Cepero: $8,000, I thought you said $3,000 before? Ms. Iglesias: No, $8,000.
Mr. Hernandez: No, $3,700 is what we spent last time when we did the cleanup. Mr. Dupre: But it might not have been up to this area, not this larger area.

Mr. Hernandez: I'm using that as part of my rationale for the numbers that I just presented. If it were a minor issue, we would use close to $4,000, and if we see some video that it shows us we're facing something bigger in magnitude, I'm just trying to estimate a number that would be enough.
Mr. Dupre: And you will be involved in approving that once you see the paperwork Jorge.
Mr. Cepero: But there's no minor or major. A plug in your bathtub makes it overflow. If you throw a little bit of water it doesn't. If you throw a lot of water it will. It's still just a plug but, let's leave it at $8,000 just to be cautious, but it shouldn't be anywhere near that but, let's only authorize the, let's call this an emergency repair, or emergency maintenance, and then we'll address ongoing maintenance because I would like to get proposals to clean all the drains throughout the District, and make sure that any other maintenance items are being handled.

On MOTION by Mr. Dupre seconded by Ms. Iglesias with all in favor, authorizing a not to exceed amount of $8,000 to proceed with the drainage research and cleanup to provide a solution to the flooding issue as stated on the record, and appointing Jorge Cepero as the contact liaison to review the bids and give the final go ahead on the process on behalf of the District was approved.

FIFTH ORDER OF BUSINESS	Consideration of Landscaping
Items
A. Termination of Tropical Touch
Consideration of Landscape Maintenance Agreement with Trimscape Corp.
Mr. Hernandez: Moving on, the next item that we have is consideration of the landscaping items. I don't know if you're aware of that or not.
Mr. Cepero: Of the what?
Mr. Hernandez: The landscape items, we have a company that was terminated, Tropical Touch, but there is no record from the COD of the termination. The issue was passed on to Robert but, the only letter that exists is from the homeowner's side, and the company that was providing the services stopped providing services to the COD. That took place back in January of this year, so District Counsel passed on to Robert a

letter that needs to be signed by that company accepting that they have been terminated, and once we have a termination letter we will be able to enter into a new contract. I don't know the status of any of that.
Ms. Iglesias: You didn't get that?
Ms. Moreno: Well, I don't have that termination letter, he didn't forward that to

me.

Mr. Dupre: Do you have his cell number?
Ms. Moreno: Yes, I do have his phone number, but I texted him.
Mr. Dupre:	Ok, well if you don't get a hold of him send me an email, and I'll

follow up with him.
Ms. Moreno: Ok, so a termination letter from which company? Mr. Hernandez: Tropical Touch.
Ms. Moreno: Ok.
Mr. Cepero: And the old company has to sign the termination letter before we can hire somebody else?
Ms. Wald: Well, here's what happened. So, originally from the last meeting you did the motion to terminate Tropical Touch Landscaping, you knew that you had to do a 30 day notification, what was determined later on was that they actually hadn't been out there because there was some type of confusion or something happened with notification to the company, as to the termination of the HOA portion, but they included the COD from Robert's side, and so if you were just going to do a straight termination letter, basically, the Tropical Touch landscaper could come back and say, pay us. So that would be the COD ending up basically paying money when they should have had a termination before, and so in discussions with Luis and Robert, we prepared a joint consent for a mutual termination and release, we're not holding them responsible from that date forward, they're not going to hold us responsible, the COD, for any cost perspective from that day forward. That was prepared, and sent over a month ago, so I followed up to see what happened with that, with Luis, and we haven't received anything, and then I heard back from Robert, and I said, Robert what happened to the joint consent, was it submitted to them, did you talk to them, were there any questions, and I haven't heard anything, did you hear anything?

Mr. Hernandez: No, I have not heard anything.
Ms. Wald: So, that's your problem, he could have just sent the termination letter but we were attempting to get the release so we could walk away.
Mr. Dupre: Apparently, he's no longer with the company.
Ms. Wald: But, now you're in a position where you don't have that.
Mr. Dupre: Well, if he doesn't respond then we'll have to send him a letter, and you take over, and get it done.
Ms. Moreno: Yes.
Mr. Hernandez: In the meantime, so that the Board is comfortable, the District has made arrangements to have the new landscape company, that being Trimscape Corporation on an interim basis. We cannot sign a contract with them because we still need to finalize the other one, but as per my understanding they are providing services, and we'll pay them as they provide those services.
Ms. Moreno: So, we do have the contract.
Mr. Hernandez: Yes, well, landscaping is being done. No one has abandoned that service. The part is, we don't have a formal agreement with the current company, and we're trying to finalize that.
Mr. Dupre: Ok.
Mr. Hernandez: So, as we get informed, we will report back to the Board at the next meeting.

SIXTH ORDER OF BUSINESS	Consideration	of	User	Fee
Payment and Disposition Agreement
Mr. Hernandez: Moving on to item No. 6, we have consideration of user fee payment and disposition agreement, anything that needs to be expressed regarding that agreement?
Ms. Wald: No, it's a standard agreement that was requested.
Mr. Hernandez: So, based on that, a motion accepting the user fee payment and disposition agreement from the COD, and by accepting it, authorizing the appropriate officials to execute the document.

On MOTION by Mr. Cepero seconded by Ms. Iglesias with all in favor, accepting the User Fee Payment and Disposition Agreement, and also authorizing the proper District officials to execute the document was approved.

SEVENTH ORDER OF BUSINESS	Acceptance	of	Audit	for
Fiscal Year Ending September 30, 2018
Mr. Hernandez: Moving on, we have acceptance of the audit for fiscal year ending September 30, 2018, a copy of which has been passed on to the Supervisors. It's a clean audit, and unless the Board wants me to go over it, I would suggest a motion to accept the audit ending on September 30, 2018.

On MOTION by Mr. Cepero seconded by Mr. Dupre with all in favor, accepting the audit for fiscal year ending September 30, 2018 was approved.

EIGHTH ORDER OF BUSINESS	Staff Reports
Mr. Hernandez: Moving on to staff reports, Ginger?

Attorney
Ms. Wald: Nothing to report.

Engineer
Mr. Hernandez: There is nothing from the engineer.

Field Manager
Mr. Hernandez: Anything further from the field? Ms. Moreno: No.
Mr. Hernandez: I will be sharing my contact information with you so we can work on that project proactively.
Ms. Moreno: Ok.

Manager
Mr. Hernandez: As for the manager, I do want to indicate to the Supervisors that the next scheduled meeting is for May 20th. It is my intent at that time to start working on the proposed budget.
Mr. Cepero: That's going to be the first meeting?
Mr. Hernandez: The first meeting for the budget, yes, May 20th.

NINTH ORDER OF BUSINESS	Financial Reports
A. Approval of Check Run Summary
8. Balance Sheet and Income Statement
Mr. Hernandez: The next item we have in our agenda is the financial reports. Tab A contains the check run summary, and tab B has the balance sheet and income statement. Unless you have any questions, a motion to approve financials would be in order.
Mr. Cepero: Yes, this second charge is a lot higher than the other ones, is this the lift station?
Mr.  Hernandez:  Yes,  but  they  are different invoices.	I will have to pull the invoices to see what it is they are charging us but, it's all related to the lift station.
Mr. Cepero: They're all the same date, that's what's weird.
Mr. Hernandez: Yes, they break it down into some services, and I don't know the details, I will have to pull the actual invoice.
Mr. Cepero: So, each one is for a different type of service? Mr. Hernandez: Yes, they just break it down into pieces.
Mr. Cepero: And is that amount more or less normal? Mr. Hernandez: Yes, that's what we normally pay.
Mr. Cepero: Ok.

On MOTION by Mr. Cepero seconded by Mr. Dupre with all in favor, the Check Run Summary and the Balance Sheet and Income Statement were approved.

TENTH ORDER OF BUSINESS	Supervisors Requests and
Audience Comments
Mr. Hernandez: Are there any other Supervisors requests? Not hearing any, are there any other audience comments? Anything else you need to express to the Board?
Mr. Weiner: Well, I noticed that there are two vacant seats on this Board. How does one find out about openings? Three years I've been a resident, and I haven't recalled any notifications about openings, so what's the mechanism for getting a seat filled? Does the Board have the power to appoint vacancies, or do you have to go through the election process? The outside election process for every 2 years on a general election? What's the process? I'm just curious.
Ms. Wald: So, I'm going to tell you generally  from the legal side, and then we'll fill in the factual for each one of these. So, a Community Development District, being a special purpose governmental entity, at first when it is established for the first 6 years and also 250 registered voters that are in the community, they have landowner's elections. So, until those two things actually happen, the elections occur by the people that own property, which of course you're a property owner, you will be one of the electors. What happens with that is every 2 years, there is an advertisement and it actually goes in the paper, advising of a landowner's election. Landowner's elections are normally held in November, and at that landowner's election people get to cast their votes, and you would get one vote because you own one piece of property, I'm assuming, and then other landowners would also get to vote, and they can also vote by proxy. They choose the Board member that's up for that election, and  it's every  2 years, we have staggered terms, so some people serve 2 years, some people serve 4 years. Once we get to that point of the 6 years of establishment, and 250 registered voters, which we receive from the Supervisor of Elections office, then it goes to general election. So, then you actually get to go and vote, so you would go ahead, and in June of each year, go to Miami-Dade County Supervisor of Elections, fill out the forms, say I want to run for let's say seat #1, for the Community Development District. If somebody else fills out the paperwork as well, then you have an actual election, it will be on the ballot. If nobody else fills out the paperwork, then you would win unopposed, and then you would be seated 2 weeks thereafter. So, that again, has to happen before you go  to a general election, and eventually they do go to general elections because you're

going to have enough registered voters, and then each one of the landowner's seats disappears, and everything is done by general election. If nobody runs, which unfortunately sometimes happens, because people just aren't that interested, then what will occur is the individuals stay in their seats, they're called holdovers until we can go ahead and get a get replacement, until that time, the Board, when they have a vacancy, such as we have two vacancies now, they're the ones that actually vote, and make a determination to appoint somebody for that seat, for the unexpired term. Whatever the remainder of that term is, whether that term is a year, two years, three years, or four years, the Board would have the authority, they would nominate someone, then second that nomination, and then they would appoint. So that's how it works, so it's kind of a three-fold, it's not just one process, it goes a long time, and so that's how it is generally.
Mr. Hernandez: Specifically the District has not reached the 250 registered voters, so we are still in a landowner's election, and last November there was a landowner's election, and at that time, based on the results of that landowner's election, two individuals were appointed to those seats that were up for election, and as Ginger was explaining, at this point we'll continue to be in the landowner's election until we reach the 250 registered voters.
Mr. Weiner: So, it's landowners only, not residents. Mr. Hernandez: Yes, landowners only.
Ms. Wald: Yes, landowners, so if you own your home then you would have one
vote.
Mr. Weiner: The problem is, we have 122 occupied units at VPE, so that's
nowhere near the 250 registered voters that is required, so it's like a standoff.
Mr. Hernandez: No because, and just for you to know, it's registered voters, the average household, if they were to have two individuals per household, you can easily reach the 250 requirement, unfortunately and sadly, we don't have that many American citizens living in that area, and that's part of what creates the problem.
Mr. Weiner: Well, be that as it may, at least 40% of the units are investor owned, which means 60%, or 55% to 60% of the units that are owned, or resident owned, what's 60% of 120, 70, so double it to 140, we're still not making the 250 threshold. Now, that seems kind of contradictory to me.

Ms. Wald: Well that's just the law, that's what the Statute provides for. If, from what you're saying, on being an investor property, so let's say you live in one property, and let's say you owned two more units, and you've rented those units out, those units that you rented out, if the individuals that live in those units were 18 or over, were a registered voter of Miami-Dade County, and obviously were residing in those units, they would be counted, and they could vote in a general election, if we got to 250 registered voters. So, it doesn't have to be a landowner for the voting portion.
Mr. Weiner: Which is totally contradictory, what Luis just said, that it has to be property owners.
Ms. Wald: No, that's for the landowner's election. They are two different things. That's for the landowner's election. We move away from landowner's elections when we get to the 250 registered voters.
Mr. Weiner: Ok.
Ms. Wald: And that's what I was trying to explain. Mr. Weiner: Ok, alright, I apologize.
Ms. Wald: No, that's ok, please, I know it's not clear cut as it sounds but,  you can get to the 250 registered voters. It could be all rentals I mean we have apartment complexes that are all rental, and as long as someone registered to vote, and they live there, they can vote. Now, as soon as it becomes a general election, you can get to  250 registered voters.
Mr. Weiner: We were trying to get the community interested for a community watch program also. The Homestead PD requires at least 40 people to show interest, but we were only able to get 25, so that went to the wayside, so it's frustrating.
Ms. Wald: Yes, I know it's hard to get people involved in their communities.
Mr. Hernandez: The part that I do want you to keep in mind is that, despite whether you are a Supervisor or not, you can provide any comments that you have to this group through me, and I will pass on to you my contact information, and I know that we have exchanged emails, so despite the fact of being a Supervisor or not, your voice will be heard, and that's the part that I want you to keep in mind. If you have the time to come to the meetings, this is a public meeting, so you can attend these meetings as many times as you want, and part of our job is to help those residents who are living in

the community so let us know what those concerns are, we are limited as a unit of government in what we can do or not, but I will be more than happy to guide you through that process whenever those issues are raised.
Mr. Weiner: I appreciate it, thank you.

ELEVENTH ORDER OF BUSINESS	Adjournment
Mr. Hernandez:	Not hearing any other comments, and unless any of the Supervisors have any other questions, a motion to adjourn would be in order.

On MOTION by Ms. Iglesias seconded by Mr. Dupre with all in favor, the Meeting was adjourned.

Secretary/ Assistant Secretary	Chairman/ Vice Chairman

MINUTES OF MEETING
VILLA PORTOFINO EAST
COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the Villa Portofino East Community Development District was held on Monday, October 21, 2019 at 11:45 a.m. at 1031 Ives Dairy Road, Suite 228, Miami, Florida.

Present and constituting a quorum were:

Nancy Iglesias Jorge Cepero Jim Dupre

Chairman Vice Chairman
Assistant Secretary

Also present were:

Vanessa Steinerts Luis Hernandez Mauricio Romero

District Counsel District Manager Prime Group Services

FIRST ORDER OF BUSINESS	Roll Call
Mr. Hernandez called the meeting to order and called the roll.

SECOND ORDER OF BUSINESS	Organizational Matters
Consideration of Appointment of Supervisor(s) to Unexpired Term(s) of Office for Seat #1 (11/2020) and Seat #4 (11/2020)
Oath of Office for Newly Appointed Supervisor(s)
Election of Officers
Mr. Hernandez: As the second part of the agenda, we have organizational matters. just need to remind the Board of Supervisors that you have two vacant seats. Unless you have anyone that you would like to appoint at this time, we can table that matter.
Ms. Iglesias: Not at this time.

THIRD ORDER OF BUSINESS	Discussion	of	Potential
Refinancing of the Series 2007A Bonds and Series 2012A Bonds
A. Consideration of Engagement Letter with FMS Bonds, Inc.
Discussion of Potential Savings Summary
Mr. Hernandez: Moving on, we have similar to what was being discussed at the prior meeting, discussion of the potential refinancing. What you have received is that by reviewing only the Series 2007, the underwriter did not check the Series 2012. As for the 2012, basically it affects commercial parcels, they didn't want to be extremely optimistic with the commercial side until they are working with it.
Mr. Cepero: What does that mean?
Mr. Hernandez: That they haven't even touched the market, they don't start to talk to potential buyers of the bonds until they have been hired. They need to be hired by the District before they will start.
Mr. Cepero: So, we hire them for the 2007 bonds, they can then talk to the market, and see if the 2012 bonds are also a good opportunity for refinancing?
Mr. Hernandez: That's correct. Mr. Cepero: Ok.
Mr. Hernandez: So the part that they can provide us as of right now is that the existing bonds, if they were to be refinanced, it would be providing a little bit over $57,000 annually in savings, which will be in excess of $1 million dollars, and that represents 15%. Therefore, it is good advice for the District to move forward with the potential refinancing. Similar to what was being addressed at the prior meeting, if the Board chose to move on with FMS, it will be just an agreement that the District will only be responsible if the bonds are refinanced. With all those indications, if there is any further discussion, and if not, we would need direction from the Board.
Mr. Cepero: Motion to approve with the same conditions that Jim stated for the other
COD.
Mr. Hernandez: Pending District counsel review, and with the understanding that the
interest rate which is also stated in this one is 1.5%.
Mr. Dupre:	Precisely, and the appropriation of documents that are done until we review and sign.

bonds.

Mr. Cepero:	And, once they've looked at this, we need to hear back on the 2012

Mr. Hernandez: Sure.

On MOTION by Mr. Cepero seconded by Mr. Dupre with all in favor, accepting the engagement letter with FMSbonds, Inc. to provide underwriting services relating to the refinancing of the Series 2007A Bonds, subject to final legal review, and also to hear back on the 2012A Bonds was approved.

Mr. Hernandez: The savings has already been presented.

FOURTH ORDER OF BUSINESS	Public Hearing to Adopt the
Rules
Motion to Open the Public Hearing
Mr. Hernandez: Moving on, what we have today is the public hearing to adopt the rules. The rules that pertain and are meant for the parking within the District's property. The first action that I need to take from the Board would be a motion to open the public hearing.
Mr. Cepero: I'm sorry, public hearing for what?
Mr. Hernandez: For the rules for parking spaces, remember we were having issues
with it.
Mr. Cepero: Ok.
Mr. Hernandez: So, the first action would be to open the public hearing.

On MOTION by Mr. Dupre seconded by Ms. Iglesias with all in favor, opening the Public Hearing was approved.

8. Public Comment and Discussion
Adoption of Resolution #2020-01
Mr. Hernandez: Moving on, are there any public comments? Not hearing any, the way the rules are set is with a resolution. Resolution #2020-01, which is a simple resolution that adopts rules, and regulations for parking and towing so that it will set what will be the

standards of the District, and later on could be modified, if needed. Unless anyone has any questions?
Mr. Dupre: What are the highlights, mainly? Mr. Cepero: Which section is this?
Mr. Hernandez: You will find it in section C. The highlights basically is, if you look there is an exhibit A which will give you the particular areas for the parking and towing restrictions. What is being considered to be applicable, what are the lots that belong to the District that are subject to that condition, we left the limit from 6:00 p.m. to 7:00 a.m., vehicles can park using more than one space.
Mr. Cepero: For oversized vehicles.
Mr. Dupre: Yes, and this is for the residential.
Mr. Cepero: No, this is so if vehicles want to stay overnight, or over the weekend for the hotel, and they have oversized vehicles that they can take up more than a single space, which was not explicitly prohibited before but, we just want to have rules so everybody knows what's allowed, and not allowed.
Mr. Dupre: Ok, so that was reviewed by you, and there's other persons in the company that reviewed it?
Mr. Cepero: Right, and I'm reading this for the first time right now actually but, that was the intent.
Mr. Dupre: So, now you've reviewed it, and you're in agreement? Ms. Iglesias: He's reading it.
Mr. Hernandez: He's reading it now.
Mr. Dupre: Anyway, it seems pretty reasonable, and if we miss something, or find it burdensome we can always reverse it, right?
Mr. Hernandez: Not only that, I think what is appropriate for the Board while he finishes reading it to know, is that there were no particular rules, and that's what started the problem. So, at least now we have the rules, if it needs to be improved, we can do that.
Mr. Dupre: Of course.
Ms. Iglesias: Ok, so just incorporate that. Mr. Dupre: Ok. Who drafted this, Vanessa?
Mr. Hernandez: Portions of it, but Ginger was the one who did most of it.

Mr. Cepero: In section 1.2 for legal, it says in the second sentence, "commercial vehicles are permitted to park within the parking areas, and may utilize multiple parking spaces from 6:00 p.m. to 7:00 a.m. daily". So, that kind of sounds like that both the first part, "commercial vehicles", and the second part, "the times for parking" are subject to the 6:00
p.m. to 7:00 a.m. restriction. The commercial vehicles and the multiple parking spaces are both from 6:00 p.m. to 7:00 a.m. but, the commercial vehicles should be able to park, if they're not oversized, should be able to park anytime.
Ms. Steinerts: Right, non-commercial, and commercial vehicles, not otherwise prohibited can park in the parking areas, first come, first served at any time. The multiple spaces would be limited to those times.
Mr. Cepero: I know, but the sentence, "commercial vehicles are permitted to park within the parking areas, and", so it's joining both of those together", "may utilize parking spaces from 6:00 p.m. to 7:00 a.m.", so it sounds like the first part of commercial vehicles, is also being tied to a time limit.
Ms. Steinerts: No, the way I'm reading this is that there is no restriction between commercial, and non-commercial vehicles, as long as they're not otherwise prohibited from parking, and they're permitting in a parking spot, first come, first served. If it's a commercial vehicle, that is what you refer to as oversized vehicles, require to utilize multiple parking spaces, then that commercial vehicle is permitted only within those timeframes to utilize the multiple parking spaces.
Mr. Cepero: Ok, can we separate that sentence so that's 100% clear?
Ms. Steinerts: Which part of the sentence are you referring to because I see the first sentence?
Mr. Cepero: The second sentence.
Ms. Steinerts: Right, and the second sentence only refers to commercial vehicles, that are permitted to park within the parking areas, I see what you're saying, the "and" I think may be throwing off the sentence, so you just want the reference to multiple spaces in that sentence, not that they are already permitted.
Mr. Cepero: Right, that it's completely clear that the time limit is only for taking up of multiple spaces, so maybe just throw a period there, and start a new sentence, "commercial

vehicles are permitted to park within the parking areas. Commercial vehicles may utilize multiple parking spaces from 6:00 p.m. to 7:00 a.m. daily".
Ms. Steinerts: Ok.
Mr. Cepero: Although, I think also the "first come, first served basis was meant to cover both sections."
Ms. Steinerts: Yes, it's a bit redundant when it comes to the commercial vehicles, and then goes further to explain that commercial vehicles may take up more than one space, only during those times.
Mr. Cepero: Well, on the first sentence it ends with the first served basis, was that meant to say first come, first serve basis?
Ms. Steinerts: I believe so.
Mr. Cepero: So maybe correct that, oh no, it does say that, on a first come, first served basis, I didn't read that part before. You know, I think the first part of that second sentence is not needed because I think that's what you meant, it's redundant from the first sentence, so maybe just take out the first part of the sentence.
Ms. Steinerts: Yes, it is redundant so, commercial vehicles may utilize multiple parking spaces.
Mr. Cepero: Right.
Ms. Steinerts: Ok.
Mr. Cepero: With that change I motion for approval.

On MOTION by Mr. Cepero seconded by Mr. Dupre with all in favor, Resolution #2020-01 with the indicated change to Section 1.2 of the Rules, as stated on the record was approved.

Motion to Close the Public Hearing
Mr. Hernandez:	Unless anyone has any other questions in regard to the adopted rules, a motion to close the public hearing would be in order.

On MOTION by Mr. Cepero seconded by Mr. Dupre with all in favor, closing the Public Hearing was approved.

FIFTH ORDER OF BUSINESS	Consideration of Engagement
Letter with Grau & Associates to perform the Audit for Fiscal Year Ending September 30, 2019
Mr. Hernandez: We have an engagement letter from Grau & Associates, the auditing firm for the District. I have reviewed the agreement, the amount matches what the Board, and the audit selection committee has approved, and because of that, recommendation from staff is to authorize the engagement letter, and by doing so authorize the appropriate officials to execute it.

On MOTION by Mr. Cepero seconded by Mr. Dupre with all in favor, accepting the engagement letter with Grau & Associates to perform the audit for Fiscal Year ending September 30, 2019, and authorizing the proper District officials to execute the document was approved.

SIXTH ORDER OF BUSINESS	Approval  of  the  Minutes  of the
May	16,	2016,	July   18,	2016,
October	17,	2016,	March	20,
2017,  March  27,  2017,  May 15,
2017,  June  19,  2017,  March 19,
2018, May 21, 2018, February 11,
2019,	April   15,  2019,  May	20,
2019	and	August	19,	2019 Meetings
Mr. Hernandez: Next we have the minutes, do you have any of the outstanding minutes you wish to approve?
Mr. Cepero:	Yes.	I make a motion to approve the May, 2016, July, 2016, October, 2016 minutes, and the March, 20, 2017 minutes, and table the rest.
Mr. Hernandez: Ok, so a motion to approve those 4 given sets of minutes, May, July and October, 2016, and March 20, 2017.

On MOTION by Mr. Cepero seconded by Mr. Dupre with all in favor,  the Minutes  of the  May  16, 2016,  July  18, 2016,
October   17,  2016   and  March  20,  2017  Meetings  were
approved, and the March 27, 2017, May 15, 2017, June  19,
2017,  March  19, 2018,  May 21, 2018, February  11, 2019,
April 15, 2019, May 20, 2019 and August 19, 2019 Meetings were tabled.

SEVENTH ORDER OF BUSINESS	Staff Reports
Mr. Hernandez: Moving on, staff reports, Vanessa?

Attorney
Ms. Steinerts: I have no report, thank you.

Engineer
Mr. Hernandez: Nothing to report from the engineer's side.

Field Manager
Mr. Hernandez: Field manager, Mauricio do you have anything else?
Mr. Romero: Just a follow up from the last meeting where we were dealing with the storm drains, as of now the storm drains have been cleaned, they did a TVing, and we had some roots in it, and you can see from the company that performed the VAC, last time, they're willing to do the proper scope of work to remove the roots from  it. Also, this is to prevent any future issues, right now the drain is draining perfectly, even though we've had heavy rain, and the proposal for that is $2,350.
Mr. Cepero: And what's involved in that repair?
Mr. Romero: They will come, and they use like a rotary that will remove all the roots, and this is the drain that goes along with the french drain.
Mr. Cepero: So, it's kind of like a snake with blades at the tip, and that shreds the roots from inside the pipe?
Mr. Romero: Correct.
Mr. Dupre: What happens is that, when the debris gets caught up, and then it builds up, and ends up blocking the flow, and then that's where you have problems.

Mr. Cepero: What's the company? Mr. Romero: TGC.
Mr. Dupre: We have one estimate or two?
Mr. Romero: No, we have the one estimate from TGC, and that is the original company, and first we requested 3 estimates, and the Board decided to go with the original company.
Mr. Cepero: Can we get another proposal, one or two more proposals? Mr. Romero: We can sure can, definitely.
Mr. Cepero: And then, if there are other ones, I'll follow up with that once you have the proposals, and see who we hire, but you said right now it's not flooding any longer.
Mr. Romero: No.
Mr. Cepero: So, it's working fine right now, so this is preventative, so as Jim was saying, stuff doesn't get caught up in the roots moving forward, so that will clear it. We spoke about this a couple of years ago, there is danger that the blades might damage the pipe, but if we don't do this, what the District engineer was proposing is to rip out the whole thing, and put in new drains, so this is still a better option.
Mr. Dupre: I propose that we approve a certain amount, I would say not to exceed $3,000, and then Jorge gets an opportunity to review the other two bids, and make a decision.
Ms. Iglesias: Yes.
Mr. Hernandez: So, I have a motion on the table not to exceed $3,000, and passing on the responsibility to Jorge Cepero to define which is the best qualified vendor within that price, does anyone second that motion?

On MOTION by Mr. Dupre seconded by Ms. Iglesias with all in favor, authorizing a not to exceed amount of $3,000 for root removal of the storm drains, subject to Jorge Cepero reviewing two additional proposals, and authorizing him to decide on the best qualified vendor to proceed on behalf of the District was approved.

Mr. Hernandez: Anything else Mauricio?

Mr. Romero: That's it, nothing else to report.

Manager
Mr. Hernandez: As to the manager, nothing else to report.

EIGHTH ORDER OF BUSINESS
Approval of Check Run Summary
Balance Sheet and Income Statement

Financial Reports

Mr. Hernandez: Moving on, you will find financial reports in Section 8. Tab A contains the check run summary, and tab B has the balance sheet and income statement. Unless anyone has any questions, a motion to accept financials would be in order.

On MOTION by Mr. Cepero seconded by Mr. Dupre with all in favor, the Check Run Summary and the Balance Sheet and Income Statement were approved.

NINTH ORDER OF BUSINESS	Supervisors Requests and
Audience Comments
Mr. Hernandez:	Are there any other Supervisors requests? Not hearing any, I just need to indicate for the record that we have no audience here today.

TENTH ORDER OF BUSINESS	Adjournment
Mr. Hernandez:	Unless anyone had any other District business to discuss, a motion to adjourn would be in order.

On MOTION by Ms. Iglesias seconded by Mr. Dupre with all in favor, the Meeting was adjourned.

Secretary I Assistant Secretary	Chairman/ Vice Chairman

10

MINUTES OF MEETING
VILLA PORTOFINO EAST
COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the Villa Portofino East Community Development District was held on Monday, November 18, 2019 at 11:45 a.m. at 1031 Ives Dairy Road, Suite 228, Miami, Florida.

Present and constituting a quorum were:

Nancy Iglesias Jorge Cepero Jim Dupre

Chairman
Vice Chairman Assistant Secretary

Also present were:

Ginger Wald Luis Hernandez Steve Sanford Jon Kessler NourShehadeh Mauricio Romero

District Counsel District Manager
Bond Counsel (by phone) FMS Bonds (by phone) District Engineer
Prime Group Services (by phone)

FIRST ORDER OF BUSINESS	Roll Call
Mr. Hernandez called the meeting to order and called the roll.

SECOND  ORDER OF BUSINESS	Organizational Matters
Consideration of Appointment of Supervisor(s) to Unexpired Term(s) of Office for Seat #1 (11/2020) and Seat #4 (11/2020)
Oath of Office for Newly Appointed Supervisor(s)
Election of Officers
Mr. Hernandez: Moving on, the first item that the Board needs to consider is organizational matters. I just need to remind the Supervisors that you have two vacant seats. Does the Board have anyone they would like to appoint to those seats?
Ms. Iglesias: Not at this time.
Mr. Hernandez: So, we will just table that matter.

THIRD ORDER OF BUSINESS

Discussion of  Potential Refinancing of the Series 2007A Bonds and Series 2012A Bonds and  if  necessary  Consideration of Proposals from Appropriate Professionals

Consideration of Engagement Letter with Greenberg Traurig to serve as Bond Counsel
Mr. Hernandez: Moving on, we have item No. 3 discussion of the potential refinancing of the Series 2007A bonds, and we also have the potential Series 2012A bonds. So, Jon, if you would please just let us know what is the status of the potential refinancing for the District bonds.
Mr. Sanford: I don't know, maybe Jon has a little bit of news. He's being asked the
status of the refunding for I guess both the 2007's and the 2012As.
Mr. Kessler: Right, and the 2012As aren't callable, they are not callable.
Mr. Hernandez: Perfect.  Now, in regard to the Series 2007A, just for you to know Jon, I passed out a copy of the tables for the potential refinancing effect of the Series 2007A, I passed a copy to each one of the Supervisors, and what this one will allow the Board to see is, what would be the potential affect if the District were to go to the market, and try to refinance the note. Based on that, I have also passed a copy of a supplemental assessment methodology that takes into consideration the presented interest rate. It's easier for me to explain it, and just move to the tables. On table 2 what you're seeing is the par amount that the District will need to issue, and specifically the interest rate, and all the different allocations of bonds that the District will need to have, and how those funds are going to be maintained and presented. It is important to note that based on the preliminary steps that has been taken, it is estimated that the interest rate will be an average of 3.82%, the bonds will be kept at the same maturity date, that being on November 1, 2037, and as a result of it, if you just move on to table 3, in the bottom the post refinancing shows what would be the affect annually for each one of the product types that the community has. For the residential side, it will be a savings of $177.77 per year which is a significant amount.
Mr. Dupre: How much?
Mr. Hernandez: $177 per year.
Mr. Cepero: Where does it say that? Mr. Dupre: Per unit.

Mr. Hernandez: Per unit, correct. Table 4 presents what would be the summary of the assessments, this preliminary draft report is missing table 5, that is the specific folios of all the units within the District but it just passes on this summary to each one of those units. With that being said, part of what is presented in this supplemental assessment methodology would be that it's beneficial for the District, it provides savings to all the property units, and by maintaining, and keeping the same rationale that was being used with the original methodology, the property owners will see a savings as per the result of this assessment.
Mr. Dupre: Will these savings include costs?
Mr. Hernandez: Yes, the costs is being included within the prices, and numbers that are being presented. So, with that being said, let's move on. Does anyone have any questions?
Mr. Sanford: Luis, this is Steve, just two points, one, the bonds mature on May 1, 2037, not a big deal.
Mr. Hernandez: Ok, thank you for that clarification.
Mr. Sanford: And then second, I would think your table 2 is preliminary, subject to change based on Jon's marketing of the bonds.
Mr. Kessler: The other thing is, which this is probably a good time to bring this up, is that we were confirming the balances with the trustee that you previously provided their statement, and there was $100,000 left in the revenue fund in the numbers that we just received. So, if you look at your report, your report says that there's $367,000 of money in the revenue account, but there's not, it's like $250,000 because apparently there was some money that was inadvertently sent to the District that you sent back. So two things, one that you need to update your report, and two, the other reason why I'm mentioning this now is just the savings analysis, so with that $100,000 I thought we were going to be in like the 20% savings range, we're going to probably be more like the 12% to 13% range, which is essentially what Steve has in his resolution, it's the 12% minimum threshold for savings, hopefully we're slightly better but I just wanted to bring that to the Board's attention because that's a pretty big swing, and that's because that $100,000 is not accurate.
Mr. Hernandez: Thank you very much for that. So, with those notes let's try to follow what we have on the agenda. The first action that I have for the Board to consider will be the engagement letter from Greenberg Traurig, and by doing so what the Board will be doing is ratifying that action.

Mr. Cepero:	I'm sorry Luis, what page were you on for that account, transfer of revenue funds?
Mr.  Hernandez:	Yes, this one shows $367,000, when realistically it should be somewhere around $250,000.
Mr. Cepero: Why?
Mr. Hernandez: I don't know exactly.
Mr. Kessler: There's a letter I have that the trustee sent to you all earlier this year that said that somehow there was a mistake and they deposited the wrong, it was something the trustee did, they somehow inadvertently deposited over $100,000 into the bank account, and that was taken out, so that's why. It was a mistake, but I just forwarded you the letter we received Luis.
Mr. Hernandez: Ok, that's fine.
Mr. Cepero: Why does that affect the savings?
Mr. Hernandez: It does not affect the.savings, it affects the total amount that should be in the savings.
Mr. Kessler: It will affect the savings because there's less money on hand towards the
refunding, but what I just said though, we're thinking now that the savings would be like in the 12% to 13% range, and in Steve's resolution that's what he has is 12%, so there's no refinancing unless there's savings of 12% annually.
Mr. Hernandez: So, in order to get to that resolution, let me just go ahead and present one step first. For those who have a copy of the agenda, section 3A contains a letter from Greenberg Traurig, and what this letter does is it accepts the work that Greenberg Traurig has already been prepared, and part of the resolution that you have, it has been prepared by Mr. Sanford. Recommendation from staff at this point is to accept the letter. Once again, all the numbers that have been given, all the numbers that have been provided, takes into consideration that the cost for professionals for this refinancing will be absorbed within the total savings from the refinancir,g. With that indication being said, unless anyone has any questions in regard to the letter from Greenberg Traurig, I will be asking for a motion to accept, and by doing so, authorizing the appropriate officials to execute it.
Mr. Cepero: Is the fee consistent to what we've paid in the past? Mr. Hernandez: Yes, sir it is.

On MOTION by Mr. Cepero seconded by Ms. Iglesias with all in favor, accepting the engagement letter with Greenberg, Traurig to serve as Bond Counsel, and authorizing the proper District officials to execute the document was approved.

Consideration of Resolution #2020-02 Delegating Resolution
Any Other Related Updates and Approvals Required
Mr. Hernandez: Now moving on, the part that is important for the meeting today is resolution #2020-02 and you will find that behind tab B of the agenda. Steve, if you would please just help us understand what this resolution will do, I would greatly appreciate it.
Mr. Sanford: I sure will. Did you vote or approve your methodology in final form, didn't hear that?
Mr. Hernandez: No, we haven't accepted it, I was going to present the parameters of your resolution and then have the draft form of the supplemental methodology being accepted, if that's ok with you.
Mr. Sanford: Ok. Alright, this is Steve Sanford for the record, Greenberg Traurig serving as bond counsel to the District. This is resolution #2020-02, and it's what we call a delegation resolution, and the reason why we call it that is that in section 2 we set forth certain parameters that when Jon is pricing the bonds, if we fall within those parameters then the chairman, or the vice chairman would be authorized to sign a bond purchase contract without the need for a special meeting. So, let me go through the parameters with you, without extending the maturity of the bonds, so the bonds will stay at May 1, 2037 as the maturity date, and it would not increase the principal amounts of the bonds, so the maximum amount of bonds that we can issue is equal to the principal amount of bonds that are outstanding. The underwriter's compensation is 98.5%, so the difference between 100% and 98.5% is the compensation to the underwriter, they buy the bonds at that price, 98.5%, turn around and sell it for 98.5%, and sell it for a dollar and that difference is their compensation. The annual debt service reduction can't be less than 12%, so as Jon mentioned, if we don't get that far then we're not going to do the refunding. Then lastly, if the bonds, or two things, lastly is the bonds are subject to redemption, the outside redemption date is May 1, 2032 and that's necessary because the investor wants to know that they have some call protection, and if interest should drop, not likely but if they should drop, they don't want the District to immediately turn around and refund those bonds. Then lastly, the maximum arbitrage yield on the bonds can't exceed 4.25%. So, if we're within those parameters when Jon markets the bonds, we can have the

bond purchase contract signed by the chairman or the vice chairman. A couple of other things, this resolution also asks the Board to approve certain documents, and I'll quickly go through what they are. There's the trust indenture, and that's the document between the District and Regions Bank as your trustee, and that's going to have all the rights, and remedies, and security for the bondholders, and the final bond terms. Then there is the bond purchase contract, which I mentioned earlier, that's the contract between the District, and FMS Bonds, and that sets forth what are the parameters for a successful closing, the conditions for closing, the deliverable for the closing, and that gets executed after the bonds are priced, and that sets forth the terms at closing. The two other documents, the continuing disclosure agreement, under SEC rules this document is a standard document required by the SEC for the underwriter to underwrite the bonds for the District, and what that is, it provides for annual operating data about the District, and the bonds, and disclosure of certain enumerated internal events. The reason why there is this agreement is that, if somebody wanted to buy the bonds in the secondary market after they're issued, we provide a prospectus, but that prospectus only speaks as of this date, so by having this annual reporting requirement it creates a level playing field for the bondholders, and prospective bondholders to know what's going on regarding the District, the development, and the bonds. Then the last document is what we call the preliminary limited offering memorandum, and that's the prospectus, a preliminary document doesn't have any of the bond terms yet, that's the document that FMS uses to market the bonds, once the bonds are sold that preliminary offering memorandum gets turned into a final document with all the interest rates, and redemption provisions, and final terms of the bonds, and that's the document that gets delivered ultimately to the investors of the bonds. All these documents that are mentioned in part of this resolution are in substantially finally form, and they will all be finalized by the time we get to the closing. So, unless any Board members have any questions, it would be my recommendation as bond counsel to move to adopt resolution #2020-02.
Mr. Dupre: What is the timing of all this?
Mr. Hernandez: Jon, do we have a timing for this transaction to take place?
Mr. Sanford: Maybe he's dropped off the line, but they asked me about timing Luis? Mr. Hernandez: Yes, that's correct.
Mr. Sanford: Ok, I would think that if we get approval today with the adoption of this resolution, we would probably need a couple of days to clean up, and finalize the preliminary

November 18, 2019	Villa Portofino East COD

limited offering memorandum, and then probably this week we'll mail the preliminary, and within I would say 10 days or less, probably less, Jon will price the bonds, and then 10 days after that we'll close on the bonds, so I put this in mid-December.
Mr. Kessler: Yes, sorry this is Jon, that was mid-December.
Mr. Dupre: So, you're going to present final documents once you have them, and then we vote again?
Ms. Wald: No.
Mr. Hernandez: No.
Mr. Sanford: No, this is the final step, if the Board adopts this delegation resolution all of the authorization is set forth therein, so we don't need another Board meeting to close on the bonds.
Mr. Dupre: Ok, and just out of curiosity, historically since those bonds were first sold, have we ever done a refinance before or is this the first one?
Mr. Hernandez: The first one Mr. Dupre: Ok.
Mr. Sanford: I'm sorry, I didn't hear the question.
Mr. Hernandez: The question, was there any prior refinancing to the original bonds, and I answered no, this is the first refinancing.
Mr. Sanford: That's correct.
Mr. Hernandez: All the documents that Mr. Sanford has been describing have been passed on electronically to the Supervisors, but at the same time I brought copies in case anyone would like to see them.
Mr. Sanford: Right, and that's why, and I don't know if that was Jorge asking that question, but that's why Villa Portofino West can't be refunded because under SEC rules we can only refund bonds that are subject to option redemption, and Villa Portofino West, those bonds are not yet subject to redemption.
Mr. Kessler: No, they're callable, we're just waiting to see, well the Villa Portofino East 2012 bonds are not callable, but the Villa Portofino West bonds are callable.
Mr. Sanford: That's what I meant, I'm sorry Jon. Mr. Kessler: That's alright.
Mr. Cepero: So, they're not callable period, or they're not callable until a certain date? Mr. Hernandez: A certain date.

Mr. Kessler: First of all, there's only like a million bonds, there's not that many bonds, so honestly even refunding them is really not, the problem is there's costs in doing these, and hold on, let me just tell you what's outstanding. There's only like a million, wasn't it a really small financing?
Mr. Hernandez: Yes.
Mr. Kessler: I'm pulling it up right now, yes there's only a $1.2 million outstanding, oh sorry, $1.5 million outstanding, and those bonds are not callable until 2033.
Mr. Sanford: Yes, it's way out there.
Mr. Hernandez: So, with that being said, the Board has to consider resolution #2020- 02 as it has been presented and recommended.
Mr. Kessler: Luis, this is Jon, can you get the signature page of the bond purchase contract executed by the chairman, and held in escrow until we price, just so we're not chasing that down after we price the bonds?
Mr. Hernandez: Not a problem sir, I will take care of that.
Mr. Kessler: Ok, and then just also in terms of the timing, what I was thinking of in terms of talking with Luis, is when we are ready to pre-close we thought maybe Steve could send the documents to Luis maybe, and then Luis could get them signed at Prime's office, and Nancy is the chairman, so Nancy would be the only one that needs to sign anything.
Mr. Hernandez: That's exactly right sir.
Mr. Kessler: So, we could do it there, or we could do it at Dennis' office in Fort Lauderdale, or something like that.
Mr. Hernandez: Nancy and I will discuss it, and we will find a common place to get that
done.
Mr. Kessler:	Ok, and maybe Fort Lauderdale would make sense, Dennis or Steve's
office in Fort Lauderdale.
Mr. Hernandez: She travels a lot so that's what I'm going to be checking. Mr. Kessler: Ok.
Mr. Sanford: Jon, did you hear me, somebody asked for the schedule and I said mid­ December?
Mr. Kessler:	Yes, I heard all that, and that's fine, I think if we mail this week, we'll probably price next week, so I think it will be a little bit tighter, but that's fine.

Mr. Hernandez: Alright, so if you just send me a copy of the document that you need her to sign, I would greatly appreciate it because I don't have it within the package. You mean the resolution #2020-02 is that what you're asking me for?
Mr. Kessler: No, I'm talking about the back page of the bond purchase contract.
Mr. Hernandez: Let me find it, and if not, I will call you to get it signed, don't worry, yes, I do have it.

On MOTION by Mr. Cepero seconded by Ms. Iglesias with all in favor, Resolution #2020-02 the Delegating Resolution was approved.

Mr. Hernandez: The second part that r need to have would  be a motion  accepting  in  final substantial form the supplemental assessment methodology  dated  November  18,  2019 with the understanding that figures will be updated  to the  latest  information  that  we  received on the phone. With that being said, a motion to accept  in  substantial  final  form  the supplemental assessment methodology for Villa Portofino East dated November 18, 2019
would be in order.

On MOTION by Mr. Cepero seconded by Ms. Iglesias with all in favor, accepting the Supplemental Assessment Methodology Report dated November 18, 2019 in substantially final form was approved.

Mr. Hernandez: Anything else that we need to do at this point gentlemen? Mr. Kessler: No.
Mr. Sanford: No, the only thing Luis is, on your report, remember what I said earlier, that it's all a matter of the bonds is subject to Jon's marketing of the bonds. So that's a preliminary number, and so when the bonds are sold, you'll probably have to update that report a little just to put in the final numbers, and the final interest rate.
Mr. Hernandez: Yes sir, that will not be a problem, I will make sure that gets to be done that way.
Mr. Sanford: Alright, that's it.
Mr. Hernandez: Thank you very much.

FOURTH ORDER OF BUSINESS	Discussion and Consideration
of Replat of Lake Parcel, Rezoning of Southern Area from	Residential	to Commercial and Site Plan
Mr. Hernandez: Moving on, the next item we have would be discussion, and consideration of the replat of the lake parcel rezoning of the southern area from residential to commercial, and site plan. With that being said, Nour why don't you help us to understand what has been given to the District.
Mr. Shehadeh: I received documents a week or two ago from Jorge proposing the changes to the tract "I" which is the lake tract, and what they're trying to do in there is, they're taking part of this lake for a parking lot, to expand the parking lot to the north, and at the same time they're giving up I think you said trees from this area here, so they can provide that. Do you have the plans that shows the roundabout in this area, so I can show the trees? This is the one we were discussing over the phone, and this is the area that will make it easier for residents to make a U-turn and go back, and for the fire trucks to continue going through, and the gate will be here.
Mr. Cepero: The gate is only an emergency exit per the second approval from 10
years ago.
Mr. Shehadeh: Ok.
Mr. Cepero: So, that only remains a fire exit for the trucks, the only thing we're doing there is the garbage trucks couldn't turnaround when they got to the last building, so they were actually driving over the empty buildings over here, the building pads, which now we're going to build those buildings so, they would have to back out. So, we're going to build a roundabout at the end there for the trucks, but also for just regular vehicles of course. It's just not a convenience issue, it's going to be a nice landscape feature, and in order to do that, the developer is giving up two home sites to allow for open space for that turnaround, and then a little bit of that open space goes to the Hampton Inn, the hotel to the south over here for this tract that's going to also be parking, so this is going to be parking. So, what's happening  down here to the north, between the hotel, and the lake, is that right now that's just a pass through road with some parallel parking, it has a few parallel parking spaces there, and by pushing it a little bit into the north, it allows for head in parking on both sides thereby

increasing the amount of parking by part of it as you can see here. So, the developer is giving the two lots to the HOA for open space, and the roundabout, the HOA is giving a little bit of land over here for parking, and then the COD is not giving land to anybody, but it keeps what it owns, but it's turning part of the lake into parking lot, and just having parking spaces as part of that tract, a sliver of that tract.
Mr. Shehadeh: Part of the documents I received was the drainage analysis that was done by the consultants who prepared this, and they were showing whatever they lost from the lake storage which has been compensated for in this design which is their proposal in the near parking area. So, from this point of view there is no legal impact on what they are doing, and from talking to Jorge the roundabout is going to be a community feature that you will all look forward to seeing in that location in particular, and the only thing I want to bring up here is so we're all clear when we're doing work within the COD boundary, we are proposing something like this because we have talked about this in the past Jorge, and I know I got some real sketches calculations at the beginning, and my answer to you was we need to know what's going on, and the issue died completely, and then all of a sudden I found out that you guys went ahead, and you did the permitting through them, and what have you, and boom here it is. Then when I told you I needed the drainage calculations to see who had designed, and sealed it, I know I have it now, and it's behind us, but this is just for clarification in the future, anything that needs to be done within the District, whether it's me as the engineer being here, or somebody else, they need to be involved, they need to be part of the process, and we go from there. I know this in the past, if you remember that we had been saying we need certain improvements, or really this is the issue, switch it, and this roundabout is in, and there was a utility cut that was done years ago, maybe 3, 4 or 5 years ago. I brought up the issue that it was not done properly, now the pavement was sinking at the time, I haven't really been back then to see if anything happened after it or not, but this is just really for the record that when something is being done, whether with engineering, or construction, that the engineer has to know of it. What happened in here for the parking lot, reviewing all the documents that you sent me, everything looks fine. So, if anything happens, you have your engineer of record, and I don't see any issues with it from what I saw.
Mr. Cepero: Right, and I thought that the stuff that I sent you was what you needed, so I don't know what the issue is, or what the difference between the first batch or the second batch is.

November 18, 2019	Villa Portofino East CDD

Mr. Shehadeh: Let me stop you right there, the difference is it was one cent per sheet with three lines on it, and what I received from you the other day is a full drainage report, that's a big difference, a huge difference, that's one of the questions I had, what am I looking at here.
Mr. Cepero: Well, they should have sent you the whole thing.
Mr. Shehadeh: They never did, and that's why I'm bringing this to your attention.
Mr. Cepero: Right, if they didn't send you the whole thing, they should have, there was no reason why not to. What happened at the end there, you were saying?
Mr. Shehadeh: Do you have that sheet right there? If you go there, there was some utility cut, I don't know what kind of a cut they did through the roundabout.
Mr. Hernandez: I don't have the Google map, I have the one from Miami-Dade County, so the two parcels that we're losing on those two?
Mr. Shehadeh:  No, these two. Mr. Hernandez: So, this and this? Mr. Shehadeh: Yes.
. Mr. Hernandez: Ok.
Mr. Cepero: So, whatever that is, we talked to a lot of managers, so we'll have Luis send you some information. So, keep explaining Nour, they did a utility cut, and what happened, so the repair was sinking the pavers?
Mr. Shehadeh: It's in my report actually, so somewhere in here there's a cut. Mr. Cepero: Ok, and it's sinking?
Mr. Shehadeh:	It is in bad shape, at the time I saw it, so I don't know how it is right

now.

Mr. Cepero: Didn't we do a second lift here at some point? Mr. Shehadeh: No, we didn't.
Mr. Hernandez: We haven't.
Ms. Wald: No, it still needs to be done.
Mr. Cepero:	So, Mauricio we're talking about the very end of Villa Portofino East,

Mauricio are you there?
Mr. Romero: Yes, I'm here.
Mr. Cepero: Ok, we're talking about the very end of Villa Portofino East residential, the roundabout at the very end, there's seems to be a cut that was done there for a utility, and a

November 18, 2019	. Villa Portofino East COD

few years ago that cut was in bad shape, we don't know if it was fixed or not, but when you get a chance if you could take a look at it.
Mr. Romero: Certainly, and I've done my regular sections. I haven't found anything, and additionally nothing has been reported from the maintenance person, but I'll be happy to double check.
Mr. Shehadeh: Maybe you need to look at the last 2 or 3 engineer's reports, and you will see what we are talking about.
Ms. Wald: So, let's go back to this, let's focus back on that. So, when this was put on the agenda Luis, and Nour, and myself had a conversation because this had never been brought in front of the Board. The folks here today sitting in your capacity, and with your hats on as Supervisors of the Community Development District. So, as Nour had stated from the engineering aspect, the first question is, is this a public benefit, this improvement to the COD, and the residents, and the community within the COD which also includes this, so that was step number one. Then number two, as to the removal of portions of the lake which is owned by the COD, making sure that we're going to have proper coverage which was just explained by Naur, and that was an important component as well. Then the third issue which Luis and I discussed, with the removal of two of the units on the residential side, the developer is going to have to do a true-up with the payment of that debt owed, so that's going to have to be done as well. The COD, because we are discussing COD property, and of course notwithstanding, the COD has to approve what has already been done. The proper procedure would be for this to come to the COD first, for the COD to approve, the developer proceeding as the applicant because I was just handed today a slew of different recorded documents from 2018 from the City of Homestead dealing with this, and also changing the use. So, the COD can approve it, can bless it, give the authority to the developer to move forward as opposed to coming back, and doing it at the back end. Why is that important, it's important for what was just stated, what I just stated, and what Nour just stated, so this Board, I would state would need to approve the actions that were taken in regards to what is provided in the plans with the change of the lake, and also understanding that a true-up is going to have to be met, and the zoning being changed as well for COD property.
Mr. Cepero: So, let me explain the paperwork that I handed you. You have several things there, first you have the site plan that is basically the permit for the site saying where the buildings are going to go, where the parking is going to go, etc. for the units, and the site

plan change is what changes the building from 8 units to 6 units, what's in the roundabout, and if it's parking on the lake, etc. In order to be able to have that site plan you also need to rezone the slivers that are directly north of the hotel, the COD and HOA slivers from residential to commercial, and then the plat subdivides the property so the plat also is what
turns the 8 unit building into a 6 unit, and then reassigns the tracts for the roundabout, and things like that. The PUD, and the site plan are already approved by the city, the T plat has been approved by the city, the T plat is the preliminary plat that comes first. The city has just approved the final plat, and it's now in the process of going to the county, so the plat is still in process.
Mr. Hernandez: So, with the understanding of the actions it would be appropriate then to have a motion from the Board at this point ratifying all those actions that have been taken, and explained per Mr. Cepero, so I need a Supervisor to make a motion of ratifying all those documents, and steps necessary for the documents to take place.

On MOTION by Mr. Cepero seconded by Ms. Iglesias with all in favor, ratifying all the actions and documents explained by Jorge Cepero as stated on the record was approved.

Mr. Hernandez: Anything else we need to ratify? Ms. Wald: No.
Mr. Hernandez: Alright, so we move forward, and define what the actual costs per unit are, I will send the developer details for the two units that will be lost. That also will mean, so that everybody has a clear understanding that as of yet the District in its budget has 137 townhomes, and that will be reduced to 135. Anything else we need to do with this?
Ms. Wald: No.
Mr. Hernandez: Nour, do you have anything else? Mr. Shehadeh: No.
Mr. Hernandez: There was a question being asked that I have not heard an answer to, is there any timetable for the last layer of asphalt, do you know anything about it?
Mr. Cepero: I don't know anything about it. Well, I guess once the last buildings
are built, then they can probably do the second lift at that point.

Mr. Hernandez: Ok, do we have any estimate on that or no? Mr. Cepero: Nancy, do you know?
Ms. Iglesias: No.
Mr. Hernandez: Alright, with that being said, we can move on to the next item.

FIFTH ORDER OF BUSINESS	Approval   of  the  Minutes  of the
March   27,  2017,  May  15,  2017,
June  19,  2017,  March  19,  2018,
May  21, 2018, February  11, 2019,
April	15,	2019,	May	20,	2019,
August 19, 2019 and October 21,
2019 Meetings
Mr. Hernandez: Moving on we have item No. 5, approval of the minutes of March 27, 2017, May 15, 2017, June 19, 2017, March 19, 2018, May 21, 2018 and ..
Mr. Cepero: I don't have any, so I'm just going to table all of them.
Ms. Wald: No, you can't. So, you're now going to be refinancing, you're going to have to have all of these completed for the refinancing.
Mr. Cepero: Ok.
Ms. Wald: So, you're going to either have to approve these in this meeting, you're going to have to have another meeting, and approve them at that meeting.
Mr. Cepero: We'll have to have another meeting in December. Ms. Wald: Unless another Board member has a motion.
Mr. Cepero: I'm sorry?
Mr. Hernandez: She's asking for someone to make the motion to approve.
Mr. Dupre:	What is the issue going with 2017 Jorge, why can't we not approve these minutes?
Mr. Cepero:  I haven't reviewed them.
Mr. Dupre: Have you come up with anything that's major? Mr. Cepero: I haven't reviewed them.
Mr. Dupre: You haven't, ok.
Mr. Cepero: I need to review them, and I will do that for the next meeting. Mr. Hernandez: Alright, with that being said, we'll just table them.
Mr. Dupre: So, that delays the refunding?
Mr. Cepero: No, because there's a meeting in December.

November 18, 2019	Villa Portofino East COD

Mr. Hernandez: The next meeting that we have scheduled is for December 16th. Ms. Iglesias: Can we move forward, and approve them?
Ms. Wald: You can do a motion to approve them now, no one has made a motion yet, you're just discussing.
Mr. Cepero: I'm ok with having that closing a little bit after, or right after the December meeting.
Mr. Dupre: Is there any way like for him to approve them between meetings, no he has to come here, and approve them?
Ms. Wald: No, the only way to approve, and it's not him, you have to remember, this a Board decision, it's each one of you are Board members, each one of you has the same responsibility, so you each have the same power.
Mr. Dupre: So, anyone of us can approve minutes? Ms. Wald: Yes, but you have to do it in a meeting. Ms. Iglesias: So, we can approve them?
Ms. Wald: You can approve them, and we'll move forward. Mr. Dupre: Well, he hasn't reviewed them.
Mr. Cepero: I will review them for the next meeting, and then we can close after the meeting date, December 16th.
Ms. Wald: Yes, and there has to be certifications that everything was done properly, it's just like doing a new bond closing, so everything has to be reviewed, it has to be reviewed by bond counsel, it has to be reviewed by the District counsel to make sure that everything that the Board of Supervisors have done, they have done in accordance with the law. If you have, and that's why we stated numerous times, you have to approve these minutes, having these minutes going out for years on end is going to delay certain actions, and it could also be a red flag for audits as well, and also the explanation is the minutes are just the summary of what occurred at each one of the meetings, and the approval is the official action saying this is what occurred at the meetings.
Mr. Dupre: So, the only way not to delay this refinance is to have a special meeting.
Mr. Cepero: Why is it going to be delayed? They're saying it's going to be in December.

Mr. Dupre:	Right, and that's when our meeting is, and you have to be in the meeting to approve minutes.
Mr. Cepero:	So, we approve the minutes and then we can have the closing whenever the closing ends up falling on.
Mr. Dupre: If they approve that because they're going to be doing a due diligence to make sure everything is up to date, and that's where the problem is.
Mr. Cepero: What does that have to do with the minutes? Mr. Dupre: We have to approve them in this venue.
Mr. Cepero: Yes.
Mr. Dupre: But if you wait until then, they'll say, hey, we're not going to be able to refinance.
Mr. Cepero: No, because they will be approved by that point. Ms. Iglesias: Can we approve them subject to his review?
Ms. Wald: No.
Ms. Iglesias: Ok.
Mr. Cepero: We'll approve them at the next meeting, that's it.
Mr. Dupre: Unless, they could come back, and say, hey you haven't approved your minutes, everything is delayed because they have to go on, and make a deal when they float the bonds.
Mr. Hernandez: Whoever the bond owner will be, yes.
Mr. Dupre: You make a commitment on the interest rate and everything. Ms. Wald: Everything has to be done in a package before the pre-closing. Ms. Iglesias: Right.
Ms. Wald: Which is basically you signing off on everything, which includes all certifications, so it's not done like the day before, it's done at least a week if not before, 10 days before, especially with the holidays. That's the other thing, the holidays are coming up and you have a lot people that are going to be out, so you do have those issues as well. Again, I'm not telling you what to do, or what not to do, I'm just providing the information so you're aware of the fact that it could delay everything, and then also with Jon moving forward with the pricing could also be delayed.
Mr. Cepero: I don't think anybody is going to delay over minutes, so I motion to table the minutes until the next meeting.

On MOTION by Mr. Cepero seconded by Mr. Dupre with all in favor, the Minutes of the March 27, 2017, May 15, 2017, June
19, 2017, March 19, 2018, May 21, 2018, February  11, 2019,
April 15, 2019, May 20, 2019,  August  19, 2019  and October
21, 2019 Meetings were tabled.

SIXTH ORDER OF BUSINESS	Staff Reports
Mr. Hernandez: Moving on, we have staff reports, Ginger?

Attorney
Ms. Wald: Nothing.

Engineer
Mr. Hernandez: Nour, anything else you need to present?
Mr. Shehadeh: No, I think we need to be preparing the annual report, am I right? Ms. Wald: Yes.
Mr. Shehadeh: Maybe when we have the final plat approved by the county. Mr. Hernandez: That would be perfectly fine.

Field Manager
Mr. Hernandez: Alright, moving on, Mauricio anything that you need to present to the Board at this point?
Mr. Romero: Not for now, nothing to report. Mr. Hernandez: Ok.
Mr. Shehadeh: I have one issue, what happened with the drainage issue that you were talking about last time?
Mr. Hernandez: It was discussed at the last meeting, they came, they cleaned it, they found some roots that had been in there, the Board gave approval, and all those roots have been removed, and the system as of last rain event, there have been no issues.
Mr. Shehadeh: And I was out of the whole picture, but I didn't see anything. Mr. Hernandez: I can send you a copy of what I received.

Mr. Shehadeh: But that's what I'm saying, we're dealing with the same issues again. I know I was part of the pricing for it, and then I didn't see anything of how they resolved it, how they did it, because we can give feedback.
Mr. Cepero: Well, I understand that you and Mauricio have been corresponding about the TVing, and he also sent you the TVing, and to get your ok, I know every time I talked to Mauricio, I told him to make sure he gets on the same page with you.
Mr. Shehadeh: I didn't see anything, that's what I'm saying, I did not see anything. Mr. Cepero: You didn't see the TVing?
Mr. Shehadeh: No.
Mr. Cepero: Mauricio, didn't you send the TVing to Naur?
Mr. Romero: I sent an email with the TVing and the footage to everyone, and the
report.
Mr. Shehadeh: I don't think I've seen any of this, no. Ms. Wald: Nobody received it.
Mr. Cepero: Can you resend it Mauricio, or send it to Luis so he can send to
everybody?
Mr. Romero: Certainly.
Mr. Hernandez: They TV'd it, they found that some roots were getting into one of the pipes.
Mr. Romero: Maybe there was an issue with the file that it didn't go through right, I believe that you did receive it, right Jorge?
Mr. Hernandez: Jorge is just a Supervisor, the one that is asking you is the District engineer.
Mr. Romero: I understand, but I'm very sure that I sent it by email with the report, but I'll be happy to forward it again.
Mr. Hernandez: Alright, so Mauricio could you please summarize what took place with that blockage that we had in the drainage system so that our District engineer will have a full understanding of it?
Mr. Romero: Sure. So, they did the flushing, they did the snake, and they cleared everything. After the snake, we monitored whenever we had heavy rain there was still flooding, and there was no flooding, so everything was draining properly. After we did the snake, we also did the TVing by CAM, so in the CAM it showed that it was clear but there

November 18, 2019	Villa Portofino East CDD

were roots. So, at a previous meeting we decided to get some proposals to remove the roots which is something that the vendor recommended. So, as of now we have two proposals, and we're waiting for the third one, and the proposal is to remove the roots with like a snake in the drain, with like a rotary tool that would destroy the roots.
Mr. Shehadeh: So, that's all they did. Mr. Hernandez: So far, yes.
Mr. Shehadeh: That's all they did, right? Ms. Wald: Yes.
Mr. Cepero: So, all we did was clean it, and TVing.
Mr. Shehadeh: With all due respect, this is fine for now, this is a bandaid solution to the problem. This is not going to resolve it, this is wasting money, and we said from the beginning that we can look at the issue, and we can put root barrier instead of keep coming back every 2 years, and doing the same issue over, and over again. There are other solutions we could really reach without doing what you guys are doing, it's fine to clean it for now because we want the system to go back the way it was, but this is not a solution.
Mr. Romero: Ok, so like I said, Naur I'll be happy to get with you, and go deeper in the subject, I'll send you all the information, and you being the engineer you can give me whatever you think the solution is, and I can work based on that concept that you can tell me.
Mr. Shehadeh: If the file is too large, just put it up on the website somehow, and I can download it or something, instead of emailing it.
Mr. Romero: Certainly.
Mr. Shehadeh: Actually, we discussed this before, and we said that is not going to solve the issue, we know that.
Mr. Romero: Ok, so from whatever information you now, what do you think is the solution?
Mr. Shehadeh: I'm telling you right now, if you're telling me the roots are coming back, because that's what they had before, then we have to do so ething for the landscape area in there. We ca put root barriers in there, so the roots will never reach the pipes, or we can do something about the landscaping itself, we can remove some of these trees.

November 18, 2019	Villa Portofino East COD

Mr. Romero: Ok, and I checked on the landscaping, the only one item that may be triggering that, or most likely is triggering it, is one tree that we have there adjacent to the drain.
Mr. Shehadeh: That's what I'm saying, we can remove some.
Mr. Romero: That is something that is coming in the proposal, that we're missing that one proposal, so they can tell me how to do that.
Mr. Shehadeh: My point is this, and this is to everybody, that when there are issues like this, I said the engineer has to be involved, it's as simple as that, you cannot just go ahead, and do things like this, that's not the way to do it.
Mr. Romero: Nour, you're talking and I cannot hear you.
Mr. Hernandez: The part was a statement coming from the District engineer, and what he's asking is that before you take any actions, to please get him involved.
Mr. Romero: 100%, I'll be happy to do so.
Mr. Hernandez: Ok, no need for anymore field management stuff, let's move on.

Manager
Mr. Hernandez: As to the manager, the only thing I need to do is remind you that the next meeting that we have is December 16th.
Mr. Romero: I cannot hear you guys, you're breaking up.
Mr. Hernandez: If you just please mute your phone so that we can continue with the meeting.
Mr. Romero: Ok, I'll be happy to do so, I'll be happy to get Nour involved, and I'll be happy to comply with that request.
Ms. Iglesias: We're done with him, right?
Mr. Hernandez:  Yes. Alright, thank you. So once again, moving on as the manager, I just want to remind the Supervisors December 16th is our next meeting.

SEVENTH ORDER OF BUSINESS	Financial Reports
Approval of Check Run Summary
Balance Sheet and Income Statement
Mr. Hernandez: Moving on to item No. 7 that you have, on your agenda contains the financial reports.	Tab A has the check run summary, and tab B has the balance

November 18, 2019	Villa Portofino East CDD

sheet  and  income statement.	Unless anyone has any questions in regard to the financials, a motion to approve would be in order.

On MOTION by Mr. Cepero seconded by Ms. Iglesias with all in favo'r, the Check Run Summary and the Balance Sheet and Income Statement were approved.

EIGHTH ORDER OF BUSINESS	Supervisors	Requests	and
Audience Comments
Mr. Hernandez: Moving on, are there any Supervisors requests at this time?
Ms. Iglesias:	Yes, do you want to propose to change the time to 9:00 o'clock, these meetings?
Mr. Dupre: What do you all think? Ms. Wald: That's fine with me.
Mr. Dupre: Fine.
Mr. Cepero: Why?
Mr. Dupre: Because it's right in the middle of the day. Mr. Cepero: I'm sorry I didn't hear you.
Ms. Iglesias: We think it would be better for everyone because these meetings at this time kills everybody's day, you don't want to do it at 9:00, first thing in the morning?
Mr. Dupre: Does that help you? Mr. Shehadeh: Of course it does. Ms. Iglesias: What about you?
Ms. Wald: Yes.
Mr. Dupre: But what about traffic, you all coming to Miami, is that a problem? Mr. Hernandez: I come from Broward.
Mr. Dupre: Ok.
Ms. Iglesias: What about you Jorge?
Mr. Dupre:	It's closer for you, you don't even have to go to the office, you can come straight over here.
Mr. Cepero: Yes, but I like to go to the office and prepare for the meeting, I mean we can change it to maybe Tuesdays.
Mr. Dupre: Tuesdays at 9:00?

November 18, 2019	Villa Portofino East COD

Ms. Wald: Well, wait I have to look at my schedule now if you're going to change dates, we have to look at different dates.
Ms. Iglesias: We have another meeting on Tuesdays. Ms. Wald: Yes.
Mr. Cepero: What?
Ms. Iglesias: We have another COD meeting on Tuesday.
Mr. Cepero: Yes, but that's a second Tuesday, and this would be a third Tuesday, what about end of the day on Monday?
Ms. Wald: Can't do it.
Ms. Iglesias: No, the traffic is insane then, I prefer then just to leave it at this time. Mr. Dupre: Me too.
Mr. Cepero: Alright.
Ms. Iglesias:	I prefer to do it early in the morning if that works for everyone, on Monday we come straight here.
Mr. Cepero: Let's look at it, and let's try to figure out, then we'll discuss it at the next meeting next month.
Ms. Iglesias: Ok, so we'll make a decision at the next meeting.
Mr. Hernandez: So, we will just take that into consideration at the next meeting. Mr. Iglesias: Thank you.
Mr. Hernandez: I'm making a note so that we can discuss it at the next meeting. Ms. Iglesias: Ok.
Mr. Hernandez:  Are there any other Supervisors requests?	Hearing none, I just need to indicate for the record that we have no audience here today.

NINTH ORDER OF BUSINESS	Adjournment
Mr. Hernandez:	Unless anyone has any other District business to discuss, a motion to adjourn would be in order.

On MOTION by Ms. Iglesias seconded by Mr. Dupre with all in favor, the Meeting was adjourned.

Secretary/ Assistant Secretary	Chairman / Vice Chairman

23

MINUTES OF MEETING
VILLA PORTOFINO EAST
COMMUNITY DEVELOPMENT DISTRICT

The special meeting of the Board of Supervisors of the Villa Portofino East Community Development District was held on Monday, February 24, 2020 at 1:00 p.m. at 1031 Ives Dairy Road, Suite 228, Miami, Florida.

Present and constituting a quorum were:

Nancy Iglesias Jorge Cepero Jim Dupre

Chairman Vice Chairman
Assistant Secretary

Also present were:

Scott Cochran Luis Hernandez Jamyra Rusley

District Counsel District Manager Prime Homes

FIRST ORDER OF BUSINESS	Roll Call
Mr. Hernandez called the meeting to order and called the roll.

SECOND ORDER OF BUSINESS	Organizational Matters
Consideration of Appointment of Supervisor(s) to Unexpired Term(s) of Office for Seat #1 (11/2020) and Seat #4 (11/2020)
Oath of Office for Newly Appointed Supervisor(s)
Election of Officers
Mr. Hernandez: As the second item on the agenda, you have organizational matters. I just need to remind the Board of Supervisors that you have two vacant seats, #1 and #4. Does the Board have anyone they would like to appoint at this time?
Ms. Iglesias: No.
Mr. Dupre: When will we appoint somebody the next time? Mr. Cepero: When we come up with somebody.
Mr. Dupre: Ok.

Ms. Iglesias: He's open for suggestions.
Mr. Cepero: You can't have the manager be a Board member.
Mr. Dupre: Well somebody else, there's like a bunch of other people, just in case. Ms. Iglesias: So, we don't have anybody at this time.
Mr. Hernandez:	I will just table that for this time, and I just want to remind the Supervisors of that taking place.

THIRD ORDER OF BUSINESS	Approval  of  the  Minutes  of the
March  27,  2017,  May  15, 2017,
June 19, 2017, March 19,  2018,
May 21, 2018, February 11, 2019,
April   15,  2019,  May	20,  2019,
August  19,  2019	and  October
21, 2019 Meetings
Mr. Hernandez:	Moving on, item No. 3 you will find the minutes from the meetings of March 27, 2017, May 15, 2017, June 19, 2017, then you have March 19,
2018, May 21, 2018, February 11, 2019, April 15, 2019, May 20, 2019, August 19, 2019
and October 21, 2019.
Mr. Cepero: I make a motion to approve, with the exception of the June 19, 2017 and April 15, 2019, and the last one, October 21, 2019, table those and approve all the others.
Mr. Hernandez: So, I have a motion on the table of the ones that have been indicated by Jorge. Is there a second to that motion?

On MOTION by Mr. Cepero seconded by Ms. Iglesias with all in favor, the Minutes of the March 27, 2017, May 15, 2017, March  19, 2018, May 21,  2018, February  11,  2019,
May   20,   2019   and   August   19,   2019   Meetings  were
approved,   and  the  June  19,   2017,  April  15,  2019  and
October 21, 2019 Meetings were tabled.

FOURTH ORDER OF BUSINESS	Update on Final Status of
Approved Refunding of Series 2007 Bonds and Any Associated Board's Action
Mr. Hernandez: Moving on, next we have the update on the final status of the refunding. I just want to inform the Supervisors that the District was able to secure the refinancing of the bonds. I have included all the final numbers, which came out to be as it was originally and initially expected, and the District refinanced those bonds so the savings will start taking place this current year.
Mr. Cepero: How do I flip to different tabs on this tablet?
Mr. Hernandez: You can do it here, so the tab you want to see is section 4, and that is the document for the closing and those are the final numbers.
Mr. Cepero: You emailed this, the Villa Portofino East?
Mr. Hernandez: Yes, I emailed it to you prior to the closing documents to be executed. All of them match, the direction that was being done by the bond resolution, and that's the reason why the District was able and successful to close on the bond. So, no action on this matter is required at this point, it's just being passed on to the Board for your acknowledgement, and to keep a record of it.

FIFTH  ORDER OF BUSINESS	Discussion and Consideration
of Quit Claim Deed to SFDIL, LLC
Mr. Hernandez: Moving on to the quit claim deed, with SFDIL, LLC, that's the property that's being conveyed. Villa Portofino East is passing this on to a Florida Limited Liability Company, called SFDIL.
Mr. Cepero: Which section is this?
Mr. Hernandez: That would be section 5. Mr. Cepero: It's only one page?
Mr. Hernandez: Yes sir.
Mr. Cochran: It does reference exhibit A, which apparently is not attached.
Mr. Cepero:	Haven't  I given  you the original?	It was supposed to be for the meeting that got canceled, I don't know if I mailed it to you.
Mr. Hernandez: I'm just trying to see what was given to us.

Mr. Dupre: What is this all about?
Mr. Cepero: What we're discussing right now? Mr. Dupre: Yes.
Mr. Cepero: It is a cleanup deed because there's been so many land transfers over the years from one entity to another, some of them involving the COD, and there's been several plats along the way, and one of the plats slightly move 30th Terrace that goes up to the roundabout road. So, it moved this slightly, that was done through a plat, and while these plans were happening, at different times each were transferring pieces of land from one entity to another. So, this is preventive, or just in case, any sliver of land, because the title company found a discrepancy of 2" or 3", so it's very minor stuff, but to make sure that there's no leftover slivers, or that there's no gaps  in anything. This deed is simply granting what used to be the SFDIL parcel which contains the Outback and retail buildings. It's just saying, if the COD through any of these deeds happen to end up with any sliver of land that lands inside of the platted SFDIL parcel, we're disclaiming, or giving it to SFDIL, and that's it.
Mr. Hernandez: So, based on that explanation, if the Board is in acceptance, a motion to authorize the execution of the quit claim deed as presented would be in order.
Mr. Cepero: The deed is technically already signed, so we're just ratifying that. Mr. Hernandez: Ok.

On MOTION by Mr. Cepero seconded by Mr. Dupre with all in favor, ratifying the quit claim deed to SFDIL, LLC was approved.

SIXTH  ORDER OF BUSINESS	Consideration of Resolution
#2020-03 Approving the Proposed Fiscal Year 2021 Budget and Setting the Public Hearing
Mr. Hernandez: Moving on, the next item we have is consideration of resolution #2020-03 approving the proposed fiscal year 2021 budget, and before we go to the resolution itself, I will ask the Board to go to the budget which you will find in section 6.

What you see on the budget is, as District staff has checked the current expenditures of the District, the District will be able to maintain the same level of assessments as the ones that were levied in the prior year with no increases, and maintain the same level of services. Part of the exercise of checking the proposed budget is to make sure that the District is not going to need to have mainly an increase at this point. it is important for the Board to be aware that once we adopt this proposed budget, if it is adopted in the way it's being presented, the District will not have the ability to increase assessments, at least on the operation and maintenance side for this coming fiscal year. As it pertains to pages 2, 3, and 4, try to describe what is meant, and intended with a portion of the operation and maintenance budget. The part of the bonds is a fixed amount, so there is nothing that will be changing on that side.
Mr. Cepero: Why are you erasing printing, and binding, if you're getting rid of the books?
Mr. Hernandez: Because the accountant that is doing it doesn't know that, and it is not material. At the end of the day, the fact that you have an increase, you have the ability to lower your assessments, but part of the intent of the meeting today is to define that we will be able to function with the same level as the one we had last year.
Mr. Cepero: What happened with the law, and I don't know if it passed, or it's in process, or there was just talk of it, of not allowing, or not requiring any longer that meetings be advertised in local newspapers? Did that happen?
Mr. Hernandez: No, the requirement is still that you need to provide the annual meeting schedule, so if you advertise for the entire year, with that you will be able to fulfill the fact. Still, there are other requirements the District has to be operational that require additional advertising, for instance, at the time you adopt your budget you need by law to advertise for that particular step, and none of that has changed. What was added to it is the fact that now it's a requirement to maintain records on the community webpage, and it's kind of a debate this year as to what is required to have on that webpage or not, that's the only item for people to spend time on. Part of the concerns, and the issue that has been erased in the fact of having a webpage is that, the webpage needs to satisfy the requirements with the Americans with Disabilities Act, which means that the webpage for those who are blind needs to allow them to go to the webpage,

and be able to hear what is being said on that webpage, which limits what is presented and said on those webpages.
Mr. Cepero: I know you're new, and this is your first meeting, but that portion is basically the budget for maintaining the property. I don't know if you had a chance to look at this property, or previous budget what we spend, but do you have any input on those numbers?
Ms. Rusley: No.
Mr. Cepero:  Ok.
Mr. Dupre: What is the difference between the two years?
Mr. Hernandez: None, it's exactly the same, and what the Board is considering at this point is not to adopt the budget, the only thing you're adopting is the proposed budget. By law, you need to adopt the proposed budget, and give at least 60 days prior to adopting the final budget, and then at the final budget you will be adopting what would be the budget for the District.
Mr. Cepero: So, can you for the next meeting, which will be in 2 or 3 months, or I guess what we're going to pick, in the next motion, can you make sure that these numbers work?
Ms. Rusley: Yes.
Mr. Hernandez: Are there any questions from the Board? Mr. Cepero: No.
Mr. Hernandez: So, the part that we need to define at this point is when it would be a good time for the Board to have the adoption of the budget. As I indicated, the earliest you will be able to do so would be 60 days from today, and the next scheduled meeting that we have that will fall into that requirement would be May 18th, that is the earliest we can have the meeting.
Ms. Iglesias: That's fine.
Mr. Hernandez: So, we have May 18th, June 15th, or July 20th, so May 18th would be fine with you?
Ms. Iglesias: It would be fine with me, what about you two? Mr. Cepero: It's fine.
Mr. Dupre:  I'm good.

Mr. Hernandez: So, the intent would be to have it on May 18th, at the same time and place as the regular meeting, that being 11:25 a.m. and the location being at 1031 Ives Dairy Road, Suite 228, Miami, Florida. With that being said, a motion to adopt resolution #2020-03 as I have just described it would be in order.

On MOTION by Mr. Dupre seconded by Ms. Iglesias with all in favor, Resolution #2020-03 approving the proposed Fiscal Year 2021 budget and setting the Public Hearing on May 18, 2020 at 11:25 a.m. at 1031 Ives Dairy Road, Suite 228, Miami, Florida was approved.

SEVENTH ORDER OF BUSINESS	Staff Reports
Mr. Hernandez: Moving on, staff reports, Scott?

A. Attorney
Mr. Cochran: Yes, I consulted with Ginger before the meeting, and she actually said there was nothing specific to report, so I don't have anything to report.

8. Engineer
Mr. Hernandez: I'm not aware of any matters needed to be presented from the engineer.

Field Manager
Mr. Hernandez: Is there anything from the field manager that you need  to present at this point, or no?
Ms. Rusley: No, I don't have anything.
Mr. Cepero: What's going on with the inlet? The trench drain that we cleaned, and we removed some roots from the inside? We still needed to take some preventive measures so the roots wouldn't grow back in there.
Ms. Rusley: So, I did talk to Mauricio about that and he said we just passed the 2020 budget, and out of those capital expenditures that I did find in the engineer report was put in the budget. So, we did clean that out, and he did say that it was addressed

originally, and in 2021, well this year we're going to be doing a long term preventive project to keep it from ending up being another issue in the future.
Mr. Cepero: So, when will that drain be addressed?
Ms. Rusley: So, we are getting proposals now, like I said, the budget was approved two weeks ago, and that was one of the capital projects that was approved.
Mr. Hernandez: But the one that you're referring to is for the HOA. The COD budget was adopted last year sometime in June or July.
Ms. Rusley: Ok.
Mr. Hernandez: So, if you're referring to COD, the COD budget is adopted way before the HOA's, levies were being imposed, and collections started on the tax bill 2019. So, the part that you're saying doesn't match anything of what is taking place.
Ms. Rusley: Well, we wrote it down, I wrote down the whole thing about the inlet in regards to the drain. He said, it was addressed already, and that we were going to be doing the final, he said it was cleaned out, and it is running properly at this time. So, he did say in 2020, so I'm guessing it was a part of that budget, I apologize but in regards to that he did say that it was addressed originally, and then in 2020 we will be doing the long term project.
Mr. Hernandez: Just to bring you up to speed, and it's not the intent to put you in a hot spot, but what was being discussed at the last meeting, and the request from the Board was, is a root barrier necessary in this area, and the part that we were supposed to get back, once again, right now there appears to be confusion between COD and HOA, and it's something that you and I need to work on to take one out of the other. It  is the inlet, or the drainage system, which is COD. It has nothing to do with the HOA. Part of what was requested at the last meeting is to get that cost, what those options are, and then the Board can go ahead, and define, which direction we need to be going forward.
Ms. Rusley: Ok, and that is what he is working on. He did say, because I did put that in there about the barrier, that is in my notes, and I wrote that down, he said the roots were originally cleaned up, and it's draining properly as of now. The long-term solution is he is getting prices and that so we will provide it to the Board.

Mr. Hernandez: Perfect, and just for you to know you will be getting an email from my office 10 days ahead of the meeting, and by Statute, as I was indicating, we need to include in our agenda items that we're going to be discussing, so those need to be passed on to my office at least 10 days before the meeting so that it becomes part of the agenda.
Ms. Rusley: Ok, so I'll work on getting those proposals, and I will get them over to
you.
Mr. Hernandez: Thank you very much for that.
Mr. Cepero: In the root barrier, you would have coordinated that with the District
engineer.
Ms. Rusley: So, that's where he got the whole thing of what was needed, from the engineer report. I did review the report.
Mr. Cepero: Not just the report, the report doesn't address this specific drain that we're talking about, and there's been a lack of communication between the managers and the engineer.
Ms. Rusley: Ok.
Mr. Cepero: We cannot just go out there and put root barriers, we have to, at the last meeting the engineer had not seen the, I think he hadn't seen the video, the inside of it and some of the other information, so we have to make sure that he gets all the information he's supposed to get, and that he approves whatever work, we can just decide on our own what to do, he has to say whether that's the right course of action or not.
Ms. Rusley: Got it, so is that Nour? Mr. Hernandez: Yes.
Ms. Rusley: So, I will get the plans, and the proposals, and everything, and I'll get his contact information from Mauricio.
Mr. Cepero:	And, I don't know if this drain is in the engineer report, so this particular drain is in addition to whatever the engineer report has.
Ms. Rusley: Ok.
Mr. Cepero:	And, the rest of the engineer report, which I don't remember off hand, but I think it had like paver issues.

Ms. Rusley: The pavers I know for sure, we got that approved, and we're going to be working on that, because that's one of my first tasks is to get proposals for that as well. I didn't know I had to run it through the engineer but I will him an update.
Mr. Cepero: Well, in the case of that drain, the pavers just need to be repaired, I don't remember what the cost of it was, or what the issue was, the engineer report should provide guidance as to what needs to be done.
Ms. Rusley: I did see that in that report.
Mr. Cepero: You probably just want to talk to Nour about it, and go over each item, and get his input as to what needs to happen. I don't know when you say that, something has been approved, or budgets have been approved, I think you mean by the management office.
Ms. Rusley: Yes.
Mr. Cepero: But you can't start spending money until the Board approves it, so you have to come back to the Board, and tell us what needs to be done, how much it's going to cost, a minimum of 3 proposals, and then the Board will consider, and decide which way to go.
Ms. Rusley: Ok.
Mr. Cepero: But you have to coordinate with Nour. He doesn't necessarily need to approve it, that's what the Board does, but we want to know what his recommendation is.
Ms. Rusley: Ok, got it.
Mr. Hernandez: The other that I recall by heart, is the last layer of asphalt, it was inquired as to when it would be put on, especially on the inside part. So, I just passed you my contact information, feel free to reach out to me, you can call my office or email, whatever works for you, I'm here to assist.
Ms. Rusley: Ok, and Mauricio did mention the whole thing about the resurfacing the asphalt, and he said that would become a developer expense, so that's another thing that I'll work with.
Mr. Cepero: Ok.
Mr. Hernandez: Alright, unless anyone has any questions in regard to the field manager's service, we can move on to the next item.

Manager
Mr. Hernandez: As to the manager, I have nothing to report.

EIGHTH ORDER OF BUSINESS	Financial Reports
A. Approval of Check Run Summary
8. Balance Sheet and Income Statement
Mr. Hernandez: Item No. 8 on your agenda, you will find your financial reports. Behind tab A you have the check run summary, and tab B you have the balance sheet and income statement. Unless anyone has any questions, a motion to accept financials would be in order.

On MOTION by Mr. Cepero seconded by Mr. Dupre with all in favor, the Check Run Summary and the Balance Sheet and Income Statement were approved.

NINTH ORDER OF BUSINESS

Supervisors Requests and Audience Comments

Mr. Hernandez:	Are there  any  other  Supervisors  requests  at this time?	Not hearing any, I just need to indicate for the record that we have no audience here today.

TENTH  ORDER OF BUSINESS	Adjournment
Mr. Hernandez:	Unless anyone had any other District business to discuss, a motion to adjourn would be in order.

On MOTION by Ms. Iglesias seconded by Mr. Dupre with all in favor, the Meeting was adjourned.

Secretary I Assistant Secretary	Chairman/ Vice Chairman

Proposed Budget
Fiscal Year 2021

Villa	ortofino East
Community	evelopment	istrict

May 18, 2020

Villa Portofino East
Community Development District

TABLE OF CONTENTS

General Fund Budget Narrative

Page 1
Page 2-4

Debt Service Fund Budget - Series 2007

Budget - Series 2012 Amortization Schedule

Budget - Series 2019 Amortization Schedule

Page 5

Page 6
Page 7

Page 8
Page 9

Villa Portofino		
Community Development District									General Fund	
	FY2020		Actual		Projected		Total		FY2021	
	Adopted		thru		Next		Projected at		Proposed	
 Description		 	Budget			 	4/30/2020			 	5 Months			 	9/30/2020			 	Budget		
Revenues										
Maintenance Assessments	$124,708		$102,503		$22,205		$124,708		$108,772	
Interest Income	$1,500		$2,212		$150		$2,362		$1,500	
Unassigned Fund Balance	$235,174		$274,084		$0		$274,084		$114,330	
Total Revenues	 	$361,382 		 	$378,799 		 	$22,355 		 	$401,154 		 	$224,603 	
Expenditures										
Administrative										
Engineering	$10,000		$0		$5,000		$5,000		$10,000	
Arbitrage	$1,200		$0		$1,200		$1,200		$1,200	
Dissemination	$2,500		$1,458		$1,042		$2,500		$2,500	
Assessment Roll	$2,000		$2,000		$0		$2,000		$2,000	
Attorney	$18,500		$7,623		$10,877		$18,500		$18,500	
Auditing	$5,300		$1,000		$4,300		$5,300		$5,600	
Trustee Fees	$10,500		$7,000		$3,500		$10,500		$10,500	
Management Fees	$35,423		$20,663		$14,760		$35,423		$35,423	
Computer Time	$1,000		$583		$417		$1,000		$1,000	
Website Compliance	$1,000		$583		$417		$1,000		$1,000	
Telephone	$25		$0		$25		$25		$25	
Postage	$100		$46		$54		$100		$100	
Printing & Binding	$400		$498		$50		$548		$500	
Rentals & Leases	$2,400		$1,400		$1,000		$2,400		$2,400	
Insurance	$6,646		$6,193		$0		$6,193		$6,646	
Legal Advertising .	$1,750		$72		$500		$572		$1,000	
Other Current Charges	$450		$437		$563		$1,000		$1,000	
Office Supplies	$50		$33		$17		$50		$50	
Dues, Licenses & Subscriptions	$175		$175		$0		$175		$175	
Capital Outlay	$250		$0		$250		$250		$250	
First Quarter Operating	 	$33,065 		 	$0 		 	$33,065 		 	$33,065 		 	$34,234 	
Total Administrative	 	$132,733 		 	$49,765 		 	$77,035 		 	$126,800 		$134,103	
Field
Electric	
$10,000		
$5,265		
$4,735		
$10,000		
$10,000	
Landscaping	$12,000		$7,324		$6,000		$13,324		$13,500	
Lake Maintenance	$5,000		$0		$5,000		$5,000		$5,000	
Fountain Maintenance	$2,500		$1,365		$1,135		$2,500		$2,500	
Repairs & Maintenance	$10,000		$0		$10,000		$10,000		$10,000	
Field Operation	$10,649		$2,662		$7,987		$10,649		$11,000	
Contingency	$8,500		$930		$7,570		$8,500		$8,500	
Capital Reserves	 	$170,000 		 	$0 		 	$100,000 		 	$100,000 		 	$30,000 	
Total Field	 	$228,649 		 	$17,546 		 	$142,426 		 	$159,973 		 	$90,500 	
Total Expenditures	 	$361,382 		 	$67,312 		 	$219,462 		 	$286,773 		 	$224,603 	
Assigned Fund Balance	 	$0 		 	$311,487 		 	($197,107) 		 	$114,380 		 	$0	
	Product Type		 	# Units			Assessment		Assessment		 	Total		
	Townhomes		137		$260.59		$35,700.83		$35,701	
	Professional Ctr		60,293 sq.ft		$0.22		$13,264.46		$13,264	
	Commercial		4.849 ac.		$5,832.30		$28,280.82		$28,281	
	Hotel - Courtyard		1.61 ac		$5,832.30		$9,390.00		$9,390	
	Hotel - Hampton		2.487 ac		$5,832.30		$14,504.93		$14,505	
	Hotel - Marriot		2.29 ac		$5,832.30		$13,355.97		 	$13,356 	
							Total Gross:		$114,497	

Page 1

 Less: Disc/Coll  5% :	$5,725 
 Total Net:	$108,772 

rtofino 
Community Development District	General Fund

REVENUES:

Maintenance Assessment
The District will levy a Maintenance Assessment to all landowners within the District to funding the Operations and Maintenance 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, i.e. attendance  and preparation  for monthly board meetings, review invoices, etc.

Arbitrage
The District is required to have an annual arbitrage rebate calculation on the District's Bonds. The District will contract with an independent auditing firm to perform the calculations.

Dissemination
The District is required by the Security and Exchange Commission to comply with Rule 15(c) (2)-12(b)  (5),  which  relates  to additional reporting requirements for un-rated bond issues.

Assessment Roll
Represents an annual charge from for preparing and administrating the District's  assessments  on  the  landowner's  tax  bills. Amount is 1% of the annual roll, not to exceed $2,000.

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 & maintenance contracts, etc. The District has contracted with Billing, Cochran, Heath, Lyles, Mauro & Anderson, P.A. for these services.

Annual Audit
The District is required to annually conduct an audit of its financial  records  by an Independent  Certified  Public Accounting  Firm. The fee is based on similar Community Development Districts and includes the GASB 34 pronouncement.

Trustee Fees
The District will issue bonds to be held with a Trustee at Regions Bank. The amount of the trustee fees is based on the agreement between Regions Bank and the District for the Series 2007 and Wells Fargo Bank and the District for the Series 2012.

Management Fees
The District receives Management, Accounting and Administrative services as part  of  a  Management  Agreement  with Governmental Management Services - South Florida, LLC. These services are further outlined in Exhibit "A" of the Management Agreement.

Computer Time
The District processes all of its financial activities, i.e. accounts payable, financial statements,  etc. on  a main  frame  computer leased by Governmental Management Services - South Florida, LLC.

Website Compliance
Per Section 189.069 F.S., all Districts must have a website by October  1, 2015 to provide  detailed information  on the COD as well as links to useful websites regarding Compliance issues. This website will be maintained by GMS-SF,  LLC  and  updated  as  required by the Statute.

Administrative: (continued)

Telephone
Telephone and fax machine

Postage
Mailing of agenda packages, overnight deliveries, correspondence, etc.

Printing & Binding
Printing and Binding agenda packages for board meetings, printing of computerized checks, stationary, envelopes etc.

Rental & Leases
The District will be charged $200 per month for office rent from Governmental Management Services - South Florida, LLC, for the District's administrative office located in Fort Lauderdale.

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. The amount is based upon similar Community Development Districts.

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 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 Economic Opportunity  for $175.  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.

First Quarter Operating
Represents funds needed for 1st Quarter Operating of the next Fiscal  Year,  prior  to the collection  of Maintenance  Assessments from the Tax Collector.

Field:

Electric
The District currently has the two following accounts with City of Homestead:

Account
1019383-355333
1019383-356147
1019383-359143

Address
1031 NE 30 Terrace Lift Station
3160 NE 11 Street Irrigation
925 NE 30 Ave

Landscape Maintenance:
Schedules maintenance consists of mowing, edging, blowing, applying pest and disease control chemicals to sod.

Lake Maintenance
The District will enter into a contract for water management services to the lakes.

Fountain Maintenance:
Represents a cost for the fountain of the District.

Field: (continued)

Repairs & Maintenance:
Cost of routine repairs and maintenance of the District's areas.

Field Operation:
Represents an unanticipated cost associated with the operation of the District's field operations.

Contingency:
Represents an unanticipated cost associated with the operation and maintenance of the District's field operations.

Vil	no East	Debt Service Fund

Description	Budget	4/30/2020	5 Months	9/30/2020	Budget	

Revenues						
Special Assessments	$374,091	$292,850	$0	$292,850	$0	
Interest Income	$2,500	$2,970	$0	$2,970	$0	
Carry Forward Surplus< 1	$383,501	$539,550	$0	$539,550	$0	
Total Revenues	$760,092	$835,369	$0	$835,369	$0	

Expenditures						
Series 2007A						
Interest - 11/1	$116,870	$116,870	$0	$116,870	$0	
Payoff - 12/1	$0	$4,495,000	$0	$4,495,000	$0	
Interest - 12/1	$0	$33,762	$0	$33,762	$0	
Interest - 5/1	$116,870	$0	$0	$0	$0	
Principal - 5/1	$145,000	$0	$0	$0	$0	
Total Expenditures	$378,740	$4,645,632	$0	$4,645,632	$0	

Other Financing Sources/{Uses}						
lnterfund Transfers ln/(out)	$0	$3,810,263	$0	$3,810,263	$0	
Total Other Financing Sources/{Uses}	 	$0	$3,810,263	 		$0	$3,810,263	 	$0	
Excess Revenue/(Expenditures)	$381,352	$0	$0	$0	$0	

1					
		Product Tyee	# Units	Assessment	Total	
		Townhomes	137	$1,289.47	$176,657	
		Professional Ctr	60,293 sq.ft.	$1.03	$62,102	
		Commercial	4.849 ac.	$9,160.32	$44,418	
		Hotels	4.097 ac.	$12,160.25	$49,821	
		Professional Ctr. 2	2.290 ac.	$26,542.09	 	$60,781	
				Total Gross:	$393,780	

Community Development District	Series 2007A, Special Assessment Revenue Bonds

FY2020	Actual	Projected		Total		FY2021 Adopted		thru		Next	Projected	Proposed

)

< ) Carry Forward Surplus is net of Reserve Fund.

Less: Disc/Coll  5%:	$19,689
 Total Net:	$374,091 

Villa
Community Development District

Debt Service Fund
Series 2012A, Special Assessment Revenue Bonds

 	Description		FY2020
Amended
 	Budget			Actual thru
 	4/30/2020			Projected Next
 	5 Months			Total Projected
 	9/30/2020			FY2021
Proposed
 	Budget		

Revenues										
User Fee Payments/Assessments	$130,525		$122,499		$8,026		$130,525		$130,428	
Interest Income	$1,000		$1,814		$100		$1,914		$1,000	
Carry Forward Surplus< 1l	$139,077		$159,318		$0		$159,318		$166,025	
Total Revenues	 	$270,602 		 	$283,631 		 	$8,126 		 	$291,757 		 	$297,453 	
Expenditures										
Series 2012										
Interest - 2/1	$48,269		$48,269		$0		$48,269		$47,463	
Principal - 2/1	$30,000		$30,000		$0		$30,000		$30,000	
Interest - 8/1	$47,463		$0		$47,463		$47,463		$46,656	
Total Expenditures	 	$125,732 	$78,269	 	$47,463	$125,732	$124,119 

 	

Excess Revenue/(Expenditures)	$144,870

1

< l Carry Forward Surplus is net of Reserve Fund.

$205,362	($39,337)	$166,025	$173,334

Interest Payment - 2/1/2022	$46,656
Principal Payment - 2/1/2022	$35,000

$81,656

 Product Type	# Units	Gross Assessment	Total	

Hotel Hotel

1.610 ac	$51,614
2.487 ac	$85,678
Total Gross: Less: Disc/Coll 5% :

$51,614
 	$85,678 
$137,292
$6,865

 Total Net:	$130,428 

Villa	no	Series 2012A, Special Assessment  Revenue Bonds
Community Development District	Amortization Schedule

DATE	PRINCIPAL BALANCE	
INTEREST	
PRINCIPAL	
TOTAL	
					
2/1/21	$135,000.00	$47,462.50	$30,000.00	$124,925.00	
8/1/21	$105,000.00	$46,656.25	$0.00	$0.00	
2/1/22	$105,000.00	$46,656.25	$35,000.00	$128,312.50	
8/1/22	$70,000.00	$45,715.63	$0.00	$0.00	
2/1/23	$70,000.00	$45,715.63	$35,000.00	$126,431.25	
8/1/23	$35,000.00	$44,775.00	$0.00	$0.00	
2/1/24	$35,000.00	$44,775.00	$35,000.00	$124,550.00	
8/1/24	$445,000.00	$43,834.38	$0.00	$0.00	
2/1/25	$445,000.00	$43,834.38	$40,000.00	$127,668.75	
8/1/25	$405,000.00	$42,609.38	$0.00	$0.00	
2/1/26	$405,000.00	$42,609.38	$40,000.00	$125,218.75	
8/1/26	$365,000.00	$41,384.38	$0.00	$0.00	
2/1/27	$365,000.00	$41,384.38	$45,000.00	$127,768.75	
8/1/27	$320,000.00	$40,006.25	$0.00	$0.00	
2/1/28	$320,000.00	$40,006.25	$45,000.00	$125,012.50	
8/1/28	$275,000.00	$38,628.13	$0.00	$0.00	
2/1/29	$275,000.00	$38,628.13	$50,000.00	$127,256.25	
8/1/29	$225,000.00	$37,096.88	$0.00	$0.00	
2/1/30	$225,000.00	$37,096.88	$50,000.00	$124,193.75	
8/1/30	$175,000.00	$35,565.63	$0.00	$0.00	
2/1/31	$175,000.00	$35,565.63	$55,000.00	$126,131.25	
8/1/31	$120,000.00	$33,881.25	$0.00	$0.00	
2/1/32	$120,000.00	$33,881.25	$60,000.00	$127,762.50	
8/1/32	$60,000.00	$32,043.75	$0.00	$0.00	
2/1/33	$60,000.00	$32,043.75	$60,000.00	$124,087.50	
8/1/33	$895,000.00	$30,206.25	$0.00	$0.00	
2/1/34	$895,000.00	$30,206.25	$65,000.00	$125,412.50	
8/1/34	$830,000.00	$28,012.50	$0.00	$0.00	
2/1/35	$830,000.00	$28,012.50	$70,000.00	$126,025.00	
8/1/35	$760,000.00	$25,650.00	$0.00	$0.00	
2/1/36	$760,000.00	$25,650.00	$75,000.00	$126,300.00	
8/1/36	$685,000.00	$23,118.75	$0.00	$0.00	
2/1/37	$685,000.00	$23,118.75	$80,000.00	$126,237.50	
8/1/37	$605,000.00	$20,418.75	$0.00	$0.00	
2/1/38	$605,000.00	$20,418.75	$85,000.00	$125,837.50	
8/1/38	$520,000.00	$17,550.00	$0.00	$0.00	
2/1/39	$520,000.00	$17,550.00	$90,000.00	$125,100.00	
8/1/39	$430,000.00	$14,512.50	$0.00	$0.00	
2/1/40	$430,000.00	$14,512.50	$95,000.00	$124,025.00	
8/1/40	$335,000.00	$11,306.25	$0.00	$0.00	
2/1/41	$335,000.00	$11,306.25	$105,000.00	$127,612.50	
8/1/41	$230,000.00	$7,762.50	$0.00	$0.00	
2/1/42	$230,000.00	$7,762.50	$110,000.00	$125,525.00	
8/1/42	$120,000.00	$4,050.00	$0.00	$0.00	
2/1/43	$120,000.00	$4,050.00	$120,000.00	$128,100.00	
		 	$1,377,031.25 	 	$1,475,000.00 	 	$2,899,493.75 	

Villa	no
Community Development District

Debt Service Fund
Series 2019, Special Assessment Refunding Bonds

	FY2020
Amended		Actual
thru		Projected
Next		Total
Projected		FY2021
Proposed	
 	Description		 	Budget			 	4/30/2020			 	5 Months			 	9/30/2020			 	Budget		

Revenues										
Special Assessments	$0		$58,502		$24,651		$83,153		$374,091	
Interest Income	$0		$503		$250		$753		$1,000	
Carry Forward Surplus( 1 )	$0		$0		$0		$0		$204,389	
Total Revenues	 	$0 		 	$59,005 		 	$24,901 		 	$83,906 		 	$579,480 	
Expenditures										
Series 2019										
Interest - 11/1	$0		$0		$0		$0		$73,675	
Interest - 5/1	$0		$0		$55,893		$55,893		$73,675	
Principal - 5/1	$0		$0		$200,000		$200,000		$185,000	
Total Expenditures	 	$0 		 	$0 		 	$255,893 		 	$255,893 		 	$332,350 	
Other Financing Sources/(Uses)										
Bond Proceeds	$0		$4,186,964		$0		$4,186,964		$0	
lnterfund Transfers ln/(out)	$0		($3,810,588)		$0		($3,810,588)		$0	
Total Other Financing Sources/(Uses)	 	$0 		 	$376,376 		 	$0 		 	$376,376 		 	$0 	
Excess Revenue/(Expenditures)	$0		$435,382		($230,993)		$204,389		$247,130	

1

( ) Carry Forward Surplus is net of Reserve Fund.

Interest Payment - 11/1/2021

$70,784

 Product Type	# Units	Assessment	Total	
Townhomes	137	$1,289.47	$176,657	
Professional Ctr	60,293 sq.ft.	$1.03	$62,102	
Commercial	4.849 ac.	$9,160.32	$44,418	
Hotels	4.097 ac.	$12,160.25	$49,821	
Professional Ctr. 2	2.290 ac.	$26,542.09	 	$60,781 	
		Total Gross:	$393,780	
		Less: Disc/Coll 5% :	$19,689	
 Total Net:	$374,091 

Villa Portofino	Series 2019, Special Assessment Refunding Bonds
Community Development District	Amortization Schedule

PRINCIPAL
DATE	BALANCE	INTEREST	PRINCIPAL	TOTAL

05/01/20	$4,370,000.00	$55,893.33	$200,000.00	$255,893.33	
11/01/20	$4,170,000.00	$73,675.00	$0.00	$0.00	
05/01/21	$4,170,000.00	$73,675.00	$185,000.00	$332,350.00	
11/01/21	$3,985,000.00	$70,784.38	$0.00	$0.00	
05/01/22	$3,985,000.00	$70,784.38	$190,000.00	$331,568.75	
11/01/22	$3,795,000.00	$67,815.63	$0.00	$0.00	
05/01/23	$3,795,000.00	$67,815.63	$195,000.00	$330,631.25	
11/01/23	$3,600,000.00	$64,768.75	$0.00	$0.00	
05/01/24	$3,600,000.00	$64,768.75	$200,000.00	$329,537.50	
11/01/24	$3,400,000.00	$61,643.75	$0.00	$0.00	
05/01/25	$3,400,000.00	$61,643.75	$210,000.00	$333,287.50	
11/01/25	$3,190,000.00	$58,362.50	$0.00	$0.00	
05/01/26	$3,190,000.00	$58,362.50	$215,000.00	$331,725.00	
11/01/26	$2,975,000.00	$54,600.00	$0.00	$0.00	
05/01/27	$2,975,000.00	$54,600.00	$225,000.00	$334,200.00	
11/01/27	$2,750,000.00	$50,662.50	$0.00	$0.00	
05/01/28	$2,750,000.00	$50,662.50	$230,000.00	$331,325.00	
11/01/28	$2,520,000.00	$46,637.50	$0.00	$0.00	
05/01/29	$2,520,000.00	$46,637.50	$240,000.00	$333,275.00	
11/01/29	$2,280,000.00	$42,437.50	$0.00	$0.00	
05/01/30	$2,280,000.00	$42,437.50	$250,000.00	$334,875.00	
11/01/30	$2,030,000.00	$38,062.50	$0.00	$0.00	
05/01/31	$2,030,000.00	$38,062.50	$260,000.00	$336,125.00	
11/01/31	$1,770,000.00	$33,187.50	$0.00	$0.00	
05/01/32	$1,770,000.00	$33,187.50	$270,000.00	$336,375.00	
11/01/32	$1,500,000.00	$28,125.00	$0.00	$0.00	
05/01/33	$1,500,000.00	$28,125.00	$280,000.00	$336,250.00	
11/01/33	$1,220,000.00	$22,875.00	$0.00	$0.00	
05/01/34	$1,220,000.00	$22,875.00	$290,000.00	$335,750.00	
11/01/34	$930,000.00	$17,437.50	$0.00	$0.00	
05/01/35	$930,000.00	$17,437.50	$300,000.00	$334,875.00	
11/01/35	$630,000.00	$11,812.50	$0.00	$0.00	
05/01/36	$630,000.00	$11,812.50	$310,000.00	$333,625.00	
11/01/36	$320,000.00	$6,000.00	$0.00	$0.00	
05/01/37	$320,000.00	$6,000.00	$320,000.00	$332,000.00	
 	$1,553,668.33	$4,370,000.00		 	$5,923,668.33 	

RESOLUTION 2020-04
A RESOLUTION OF THE VILLA PORTOFINO EAST COMMUNITY DEVELOPMENT DISTRICT (THE "DISTRICT") RELATING TO THE ANNUAL APPROPRIATIONS AND ADOPTING THE BUDGET FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2020, AND ENDING SEPTEMBER 30, 2021.

WHEREAS, the District Manager of the District has, prior to the fifteenth (15th) day in June, 2020, 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 190.008(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 190.008(2)(b) and 218.34(3), Florida Statutes; and

WHEREAS, on February 24, 2020, the Board set May 18, 2020 as the date for a public hearing thereon and caused notice of such public hearing to be given by publication pursuant to Section 190.008(2)(a) Florida Statutes; and
WHEREAS, Section 190.008(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 190.021, 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.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF VILLA PORTOFINO EAST COMMUNITY DEVELOPMENT DISTRICT, THAT;

Section 1. Budget

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.

The District Manager's Proposed Budget, as amended by the Board, is hereby adopted in accordance with the provisions of Section 190.008(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 2020 and/or revised projections for fiscal year 2021.

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 Villa Portofino East Community Development District for the Fiscal  Year Ending September 30, 2021, as Adopted by the Board of Supervisors on May 18, 2020."

Section 2. Appropriations

That there be, and hereby is appropriated out of the revenues of the Villa Portofino East Community Development District, for the fiscal year beginning October 1, 2020, and ending September 30, 2021 the sum of$  681,072	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 Total Debt Service

Total All Funds

$ 224,603.00
$ 456,469.00

$ 681,072

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:
The Board may authorize a transfer of the unexpended balance or portion thereof of any appropriation item.

The Board may authorize an appropriation from the unappropriated balance of any fund.

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 18th day of May 2020.

Villa	Portofino	East Development District

Community

Chairman/ Vice Chairman

Attest:

Secretary/ Assistant Secretary

RESOLUTION 2020-05

A RESOLUTION LEVYING A  NON  AD  VALOREM MAINTENANCE ASSESSMENT FOR THE GENERAL FUND AND ADOPTING AN ASSESSMENT ROLL  OF  THE  VILLA PORTOFINO EAST  COMMUNITY  DEVELOPMENT  DISTRICT FOR FISCAL YEAR 2021

WHEREAS, certain improvements exist within the Villa Portofino  East 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 Villa Portofino East Community Development District (the "Board") find that the District's total General Fund Assessment during Fiscal Year 2021, will amount to$ 114,496.99 ; 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.

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 VILLA PORTOFINO EAST COMMUNITY DEVELOPMENT DISTRICT OF MIAMI-DADE 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.

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 Miami-Dade 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 190.021(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 Miami­ Dade County Property Appraiser, to be extended on the Miami-Dade  County  Tax  Roll and shall be collected  by the Tax Collector  in the same  manner  and time  as Miami-Dade
County taxes pursuant to the uniform collection methodology Section 197.3632, 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 Miami-Dade 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 Miami-Dade 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 18th day of May, 2020, by the Board of Supervisors of the Villa Portofino East Community Development District, Miami-Dade County, Florida.

Secretary/ Assistant Secretary	Chairman/ Vice Chairman

Exhibit "A"
Assessment Roll

Villa Portofino East
Exhibit "A"

Printed: 5/11/2020

PROPERTY TYPE	I Acres	O&M	Count	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	

Villa Portofino	CDD	Printed: 5/11/2020
Exhibit "A"

PROPERTY TYPE
TOWNHOUSE	I Acres	O&M
$260.59	Count
1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	

Exhibit "A"

PROPERTY TYPE	Sq.Ft. I Acres	O&M	Count	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
COMMERCIAL	2.29	$13,355.97	1	
COMMERCIAL	1,543	$339.46	1	
COMMERCIAL	2,095	$460.90	1	
COMMERCIAL	1,828	$402.16	1	
COMMERCIAL	2,331	$512.82	1	
COMMERCIAL	1,788	$393.36	1	
COMMERCIAL	1,254	$275.88	1	
COMMERCIAL	2,346	$516.12	1	
COMMERCIAL	1,943	$427.46	1	
COMMERCIAL	2,116	$465.52	1	
COMMERCIAL	1,465	$322.30	1	
COMMERCIAL	1,396	$307.12	1	
COMMERCIAL	1,405	$309.10	1	
COMMERCIAL	2,623	$577.06	1	
COMMERCIAL	3,073	$676.06	1	
COMMERCIAL	1,547	$340.34	1	
COMMERCIAL	1,392	$306.24	1	
COMMERCIAL	2,095	$460.90	1	
COMMERCIAL	3,179	$699.38	1	
COMMERCIAL	2,697	$593.34	1	
COMMERCIAL	1,393	$306.46	1	
COMMERCIAL	1,381	$303.82	1	
COMMERCIAL	1,605	$353.10	1	

Exhibit 11 A11

PROPERTY TYPE	Sq.Ft./ Acres	O&M	Count	
COMMERCIAL	2,759	$606.98	1	
COMMERCIAL	2,843	$625.46	1	
COMMERCIAL	1,582	$348.04	1	
COMMERCIAL	1,355	$298.10	1	
COMMERCIAL	2,122	$466.84	1	
COMMERCIAL	2,932	$645.04	1	
COMMERCIAL	2,848	$626.56	1	
COMMERCIAL	1,357	$298.54	1	
COMMERCIAL	0.95	$5,540.69	1	
COMMERCIAL	0.996	$5,808.97	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
TOWNHOUSE		$260.59	1	
COMMERCIAL	1.61	$9,390.00	1	
COMMERCIAL	2.487	$14,504.90	1	
COMMERCIAL	2.903	$16,931.17	1	
TOTAL		$114,496.99	173	

rt	fi	t
ommunity	evelo	ment	istrict Landowners Meeting	genda

Monday
November 16, 2020
11:45 a.m.

1031 Ives Dairy Road
Suite 228 Miami, Florida

Call to Order

Election of a Chairman for the Purpose of Conducting the Landowners Meeting

Determination of Number of Voting Units Represented

Nominations for the Position of Supervisors

Casting of Ballots

Tabulation of Ballots and Announcement of Results

Adjournment

OFFICIAL BALLOT VILLA PORTOFINO EAST
COMMUNITY DEVELOPMENT DISTRICT MIAMI, FLORIDA
LANDOWNERS MEETING TUESDAY NOVEMBER 16, 2020

For Interval Elections (3 Supervisors): The two candidates receiving the most votes will each receive a four (4) year term; the recipient of the next highest vote count will receive a two (2) year term.

The undersigned certifies that they are the fee simple owner or proxy holder of the landowner (proxy form attached) of the land described in the attachment hereto, which land lies within the boundaries of the Villa Portofino East Community Development District;

***LEGAL DESCRIPTION OF PROPERTY ATTACHED***

and cast their vote(s) for the following:

NAME OF CANDIDATE	NUMBER OF VOTES
1. 	(Seat 1)	 	
2.	(Seat 2)	 	
3. 	(Seat 4)	 	

Dated: ----	Signed: 	_ Name:  		

LANDOWNER PROXY LANDOWNERS MEETING - NOVEMBER 16, 2020

VILLA PORTOFINO EAST COMMUNITY DEVELOPMENT DISTRICT MIAMI-DADE COUNTY, FLORIDA
KNOW ALL MEN BY THESE PRESENTS, that the undersigned, the fee simple owner of the lands described herein, hereby constitutes and appoints:

Proxy Holder

for and on behalf of the undersigned, to vote as proxy at the meeting of the landowners of the Villa Portofino East Community Development District to be held at 1031 Ives Dairy Road, Suite 228, Miami, Florida on November 16, 2020 at 11:45 a.m., and at any continuances or adjournments thereof, according to the number of acres of unplatted land and/or platted lots owned by the undersigned landowner which the undersigned would be entitled to vote if then personally present, upon any question, proposition, or resolution or any other matter or thing which may be considered at said meeting including, but not limited to, the election of members of the Board of Supervisors. Said Proxy Holder may vote in accordance with their discretion on all matters not known or determined at the time of solicitation of this proxy, which may legally be considered at said meeting.

Any proxy heretofore given by the undersigned for said meeting is hereby revoked. This proxy is to continue in full force and effect from the date hereof until the conclusion of the annual meeting and any adjournment or adjournments thereof, but may be revoked at any time by written notice of such revocation presented at the annual meeting prior to the Proxy Holder exercising the voting rights conferred herein.

 	

Print or type name of Landowner
(or, if applicable, authorized representative of Landowner)

Signature of Landowner, or Landowner Representative

Date

Parcel Description	Acreage	Authorized Votes*

(must be street address, tax parcel ID number, or Legal description attached)

Total Number of Authorized Votes:

* Pursuant to section 190.006(2)(b), Florida Statutes (2007), a fraction of an acre is treated as one (1) acre entitling the landowner to one vote with respect thereto.

Please note that a particular real property is entitled to only one vote for each eligible acre of lands or fraction thereof; two (2) or more persons who own real property in common that is one acre or less are together entitled to only one vote for that real property. If the fee simple landowner is not an individual, and is instead a corporation, limited liability company, limited partnership or other entity, evidence that the individual signing on behalf of the entity has the authority to do so should be attached hereto. (e.g., bylaws, corporate resolution, etc.). If more than one parcel, each must be listed or described.

INSTRUCTIONS RELATING TO LANDOWNERS MEETING
OF THE VILLA PORTOFINO EAST COMMUNITY DEVELOPMENT DISTRICT FOR THE ELECTION OF SUPERVISORS

DATE OF LANDOWNERS MEETING: NOVEMBER 16, 2020 TIME: 11:45 A.M.
LOCATION: 1031 IVES DAIRY ROAD, SUITE 228, MIAMI, FLORIDA
Pursuant to Chapter 190, Florida Statutes, after a Community Development District ("District") has been established and the landowners have held their initial election, there shall be a subsequent landowners' meeting for the purpose of electing members of the Board of Supervisors every two years until the District qualifies to have its board members elected by the qualified electors of the district. The following instructions on how all landowners may participate in the election is intended to comply with Section 190.006(2)(b), Florida Statutes, as amended by Chapter 2004-353, Laws of Florida.

A landowner may vote in person at the Landowner's Meeting, or the landowner may nominate a proxy holder to vote at the meeting in place of the landowner. Whether in person or by proxy, each landowner shall be entitled to cast one vote per acre of land owned by him or her and located within the District, for each person that the landowner desires to elect to a position on the Board of Supervisors that is open for election for the upcoming term (three (3) seats on the Board will be up for election). A fraction of an acre shall be treated as one (1) acre, entitling the landowner to one vote with respect thereto. Please note that a particular real property is entitled to only one vote for each eligible acre of land or fraction thereof; therefore, two or more people who own real property in common, that is one acre or less, are together entitled to only one vote for that real property.

At the Landowners' Meeting, the first step is to elect a chair for the meeting, who may be any person present at the meeting. The landowners' shall also elect a secretary for the meeting who may be any person present at the meeting. The secretary shall be responsible for the minutes of the meeting. The chair shall conduct the nominations and the voting. If the chair is a landowner or proxy holder of a landowner, he or she may nominate candidates and make and second motions. Candidates must be nominated and then shall be elected by a vote of the landowners. Nominees may be elected only to a position on the Board of Supervisors that is open for election for the upcoming term. The two candidates receiving the highest number of votes shall be elected for a term of four (4) years, and the remaining candidate elected shall serve for a two (2) year term. The term of office for each successful candidate shall commence upon election. Thereafter, there shall be an election of supervisors for the District every two (2) years in November on a date established by the Board of Supervisors upon proper notice until the District qualifies to have its board members elected by the qualified electors of the District.

A proxy is available upon request. To be valid, each proxy must be signed by one of the legal owners of the property for which the vote is cast and must contain the typed or printed name of the individual who signed the proxy; the street address, legal description of the property or tax parcel identification number; and the number of authorized votes. If the proxy authorizes more than one vote, each property must be listed and the number of acres of each property must be included. The signature on a proxy does not need to be notarized.

AGREEMENT FOR ACCESS TO CERTAIN EXEMPT INFORMATION MAINTAINED BY THE MIAMI-DADE COUNTY PROPERTY APPRAISER

THIS	AGREEMENT MAINTAINED		BY	THE

TO	ACCESS MIAMI-DADE

CERTAIN COUNTY

EXEMPT	INFORMATION PROPERTY	APPRAISER

(AGREEMENT),  made and entered into this  	

day of  	

, 20_, by and between the

Villa Portofino East Community Development District (hereinafter referred to as the "CDD") and the MIAMI-DADE COUNTY PROPERTY APPRAISER, (hereinafter referred as the "Property Appraiser").

WITNESSETH

WHEREAS, the CDD is an independent special purpose unit of local government that helps plan, finance, construct, operate and maintain infrastructure and services for the benefit of its residents,

WHEREAS, the CDD may finance infrastructure and services by levying ad valorem taxes or non-ad valorem assessments,

WHEREAS, the CDD has requested access to certain records maintained by the Property Appraiser relating to specific property owners, including name, home addresses, telephone numbers, dates of birth, and photographs, which are exempt from public disclosure under section
119.071 of the Florida Statutes ("Exempt Information"),
WHEREAS, under section 119.071 of the Florida Statutes, "home addresses" includes the physical address, mailing address, street address, parcel identification number, plot identification number, legal property description, neighborhood name and lot number, GPS coordinates, and any other descriptive property information that may reveal the home address,
WHEREAS, the CDD shall only request Exempt Information when there is a statutory or official need for the Exempt Information,
WHEREAS, the CDD shall take full responsibility for protecting all Exempt Information provided pursuant to this agreement in accordance with Florida law,

NOW, THEREFORE, in consideration of the covenants herein provided, the CDD and the Property Appraiser agree as follows:

The foregoing recitals are incorporated herein.

Before the CDD requests any Exempt Information from the Property Appraiser, the CDD shall establish sufficient safeguards to ensure that Exempt Information will not be disclosed, whether intentionally or inadvertently, by the CDD or any of its agents or employees, except as authorized by Florida law.

The CDD shall only use Exempt Information to fulfill the official administration, duties, and responsibilities of the CDD and such Exempt Information may not be disclosed or shared for any other purpose other than as prescribed by Florida law.

When in receipt of Exempt Information from the Property Appraiser, the CDD acknowledges that its employees, successors, and authorized agents are subject to the same requirements exempting such records from public disclosure and the same penalties for violation of those requirements as the Property Appraiser. The CDD accepts full responsibility for the actions of its employees, successors, and authorized agents with regards to the Exempt Information, unless otherwise provided by Florida law and subject to the limitations of section 768.28, Florida Statutes, to the extent applicable.

To the extent allowed by, and subject to the limitations of, section 768.28 of the Florida Statutes, if applicable, the CDD does hereby agree to indemnify and hold the Property Appraiser, its officials, employees, and instrumentalities, harmless from any and all liability for any damage, injury, or claim that may arise by virtue of the Property Appraiser's disclosure of the Exempt Information to the CDD, or the exercise of any rights, obligations or actions under this Agreement, including, but not limited to, the CDD's failure to maintain the Exempt Information in accordance with Florida law.

The undersigned further agrees that these conditions shall be deemed a continuing obligation between the CDD and the Property Appraiser and shall remain in full force and effect and be binding on the CDD, and any permitted successors or assigns.

In the event that the CDD requests any third party to assume any of its responsibilities as it relates to the Exempt Information or this Agreement, the CDD must require the third party to agree in writing that it is subject to, and must comply with, all terms of this Agreement and that it must protect the Exempt Information from disclosure. Such agreement by the third party must be signed before the CDD allows the third party to access any Exempt Information. The CDD acknowledges that such assumption by a third party shall not relieve the CDD from any obligations or responsibilities hereunder. Any failure by any third party shall not subject the Property Appraiser to any liability for any damage, injury, or claim that may arise. A failure of the CDD to comply with this section shall be a breach of this Agreement and therefore a termination of the Agreement without the notice requirement in section 9.

Nothing in this Agreement, expressed or implied, is intended to: (a) confer upon any entity or person other than the parties and any permitted successors or assigns, any rights or remedies under or by reason of the Agreement as a third party beneficiary or otherwise except as specifically provided in this Agreement; or (b) authorize anyone not a party to this Agreement to maintain an action pursuant to or based upon this Agreement. Additionally, nothing herein shall be deemed to constitute a waiver of any rights under section 768.28 of the Florida Statutes, or as a waiver of the Property Appraiser's sovereign rights.

Either party to this Agreement may terminate the Agreement with seven (7) days' written notice to the other party. The CDD's obligation to protect the Exempt Information from disclosure shall remain in full force and effect following the termination of the Agreement.

The language agreed to herein expresses the mutual intent and agreement of the Property Appraiser and the CDD, and shall not, as a matter of judicial construction, be construed more severely against one of the parties from the other.

Any notices to be given hereunder shall be in writing and shall be deemed to have been given if sent by hand delivery, recognized overnight courier (e.g., Federal Express), or by written certified U.S. main, with return receipt requested, addressed to the party for whom it is intended, at the place specified. The method of delivery shall be consistent among all of the persons listed herein. For the present, the CDD and Property Appraiser designate the following as the respective places for notice purposes:

Community Development District:

With a Copy to:

Property Appraiser:

With a Copy to:

Villa P01iofino East CDD 5385 N. Nob Hill Road Sunrise, FL 33351

District Counsel
Billing, Cochran, Lyles, Mauro & Ramsey, P.A. 515 East Las Olas Blvd., Sixth Floor
Fort Lauderdale, Florida 33301 Attn: Dennis E. Lyles, Esq.

Miami-Dade County
Office of the Property Appraiser
111 Northwest First Street, Suite 710
Miami, Florida 33128

Miami-Dade County Attorney's Office 111 Northwest First Street, Suite 2810
Miami, Florida 33128

IN WITNESS WHEREOF, the Villa P01iofino East Community Development District has caused this instrument to be executed by its respective officials thereunto duly authorized, this the day and year above written.

VILLA PORTOFINO EAST COMMUNITY DEVELOPMENT DISTRICT

ATTEST:

By:	 		By:	 		
	Secretary/Assistant Secretary		Chairperson	

APPROVED AS TO LEGAL FORM	 	

AND CORRECTNESS:

MIAMI-DADE COUNTY PROPERTY APPRAISER

ATTEST:

CDD Attorney

By: 	_		 Property Appraiser/ Designee	Date

NOTICE OF MEETINGS VILLA PORTOFINO EAST
COMMUNITY DEVELOPMENT DISTRICT

The Board of Supervisors of the Villa Portofino  East Community  Development  District will hold their regularly scheduled public meetings for Fiscal Year 2021 at 11:30 AM at 1031 Ives Dairy Rd, Suite 228, Miami, FL, on the third Monday of each month as follows.
October 19, 2020
November 16, 2020 Regular & Landowner's meeting December 21, 2020
January 11, 2021 (Exception)
February 08, 2021 (Exception)
March 15, 2021
April 19, 2021
May 17, 2021
June 21, 2021
July 19, 2021
August 16, 2021
September 20, 2021

The meeting will be open to the public and will be conducted in accordance with the provision of Florida Law for Community Development Districts. The meeting may be continued to a date, time, and place to be specified on the record at the meeting.
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.
Any person requiring special accommodations at this meeting because of a disability of physical impairment should contact the District Office at (954) 721-8681 at least five calendar days prior to the meeting.

Each person who decides to appeal any decision made by the Board with respect to any matter considered at the meeting 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.

Luis Hernandez Manager

Villa Portofino East
Community Development District

Check Run Summary - General Fund

Summary of Invoices - 2/1/2020-4/30/2020

	Date	Check Numbers	Amount			
	
February 3, 2020	
1024-1026	
$	
3,651.02		
	February 20, 2020	1027-1031	$	49,316.81		
	March 13, 2020	1032-1039	$	59,846.59		
	April 15, 2020	1040-1046	$	28,865.57		
	Total	$	141,679.99		

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER
***   CHECK DATES 02/01/2020 - 04/30/2020 ***	VILLA PORTOFINO EAST CDD - GF
BANK A VILLA PORT EAST GF

RUN	5/09/20	PAGE	1

DATE 2/03/20	
00006	DATE 12/31/19	

2/03/20	
00009	
1/24/20	
		1/24/20	
		1/24/20	

2/03/20	
00049	
2/01/20	

2/20/20	
00043	
2/14/20	

CHECK	VEND#	.....INVOICE........EXPENSED TO...	VENDOR NAME
INVOICE	YRMO  DPT ACCT# SUB	SUBCLASS

STATUS	AMOUNT	....CHECK.....
AMOUNT	#

160304	201912 310-51300-31500
SERVICE THRU 12/31/2019

*	21525.00

BILLING1 COCH RAN 1 HEATH, LYLES 1
00035614 202001 320-53800-43000
JAN 2020 SERVICES
00035914 202001 320-53800-43000
JAN 2020 SERVICES
00035926 202001 320-53800-43000
JAN 2020 SERVICES

- - -
*
*
*

21525.00 001024

-

-   -   -   -   -   -  -  -	- - -
45.41
875.59
10.02

CITY OF HOMESTEAD
109279	202002 320-53800-46300
FEB 2020 FOUNTAIN MAINT.
DADELAND POOL
10000456 202002 310-51300-48000
NOTICE OF MEETING 2/14/20

931.02 001025

-

-   -   -   -   -   -   -   -   -	- - - - -
*	195.00
195.00 001026
- - - - - - - - - - - - - - -
*	72.00

-   -   -   -   -   -   -   -   -   -   - -  -	- - - - - - - - - - -

ALM MEDIA LLC

- -

-

2/20/20	00001	2/01/20	292
FEB 20	202002 310-51300-34000
- MANAGEMENT FEES	*	2/951.92	
		2/01/20	292	202002 310-51300-44000
FEB 20 - RENT	*	200.00	
		2/01/20	292	202002 310-51300-35100
-	*	83.33	

-	- - - - - - - - - - - - -

- - - - - - - - - -

72.00 001027

FEB 20	COMPUTER TIME

*

2/01/20 292	202002 310-51300-31300
FEB 20 - DISSEMINATION

208.33

2/01/20 292
FEB 20
2/01/20 292
FEB 20
2/01/20 292
FEB 20

202002 310-51300-35110	*

-

WEBSITE ADM

-

202002 310-51300-42000	*
POSTAGE

-

202002 310-51300-42500	*
COPIES

83.33
3.00
4.35

GMS-SOUTH FLORIDA1 LLC

2/20/20	00052	2/03/20	

2/20/20	
00033	
2/20/20	

2/20/20	
00013	
2/20/20	

815	202001 320-53800-46200
JAN 20 - LAWN MAINT

- - - -
*

31534.26 001028

-

- - - - - - - - - -
1,000.00

TRIMSCAPE LANDSCAPE SERVICES
02202020 202002 300-20700-10300
TXFER TAX RCPTS 02/20/20
VILLA PORTOFINO EAST CDD-S2012
02202020 202002 300-20700-10100
TXFER TAX RCPTS 02/20/20
VILLA PORTOFINO EAST CDD-S2007A

11000.00 001029
- - - - - - - - - - - - - - -
*	111558.50
11,558.50 001030
- - - - - - - - - - - - - - -
*	331152.05
331152.05 001031

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER
***   CHECK DATES 02/01/2020 - 04/30/2020 ***	VILLA PORTOFINO EAST CDD - GF
BANK A VILLA PORT EAST GF

RUN	5/09/20	PAGE	2

CHECK	VEND#	.....INVOICE........EXPENSED TO...		VENDOR NAME DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS

STATUS	AMOUNT	....CHECK.....
AMOUNT	#

3/13/20 00049

202001 310-51300-31500

3/13/20	00006	1/31/20	160724
SERVICE	

3/13/20	
00009	
2/25/20	
00035614	

THRU 01/31/2020
BILLING, COCHRAN, HEATH, LYLES,
202002 320-53800-43000
FEB 2020 SERVICES
2/25/20 00035914 202002 320-53800-43000
FEB 2020 SERVICES
2/25/20 00035926 202002 320-53800-43000
FEB 2020 SERVICES
CITY OF HOMESTEAD
3/01/20 109565	202003 320-53800-46300
MAR 20 - FOUNTAIN MAINT

*	500.00
500.00 001032
- - - - - - - - - - - - - - -
*	41.67
*	745.65
*	10.17
797.49 001033
- - - - - - - - - - - - - - -
*	195.00

- - - - - - - - - - - - -
3/13/20 00001	3/01/20 294
MAR 3/01/20 294
MAR 3/01/20 294
MAR 3/01/20 294

DADELAND POOL
202003 310-51300-34000
20 - MANAGEMENT FEES 202003 310-51300-44000
20 - RENT
202003 310-51300-35100
20 - COMPUTER TIME
202003 310-51300-31300

195.00 001034
- - - - - - - - - - - - - - -
*	2,951.92
*	200.00
*	83.33
*	208.33

MAR 20 - DISSEMINATION

3/01/20 294

202003 310-51300-35110

*	83.33

MAR 20 - WEBSITE ADM

3/01/20 294
MAR 3/01/20 294
MAR 3/01/20 294
MAR
3/01/20 294
MAR
- - - - - - - - - - - - -
3/13/20 00052	3/02/20 872
FEB

202003 310-51300-51000
20 - OFFICE SUPPLIES 202003 310-51300-42000
20 - POSTAGE
202003 310-51300-42500
20 - COPIES
202003 310-51300-49000
20 - MEETING ROOM
GMS-SOUTH FLORIDA, LLC
202002 320-53800-46200
20 - LAWN MAINT

*	7.50
*	2.50
*	95.70
*	35.31
3,667.92 001035
- - - - - - - - - - - - - - -
*	1,000.00

3/13/20 00017

3/13/20 00033

TRIMSCAPE LANDSCAPE SERVICES
3/13/20 03132020 202003 300-15100-10000
TXFER EXCESS FUNDS TO SBA
VILLA PORTOFINO EAST CDD
3/13/20 03132020 202003 300-20700-10300
TXFER TAX RCPTS 3/13/20

1,000.00 001036
- - - - - - - - - - - - - - -
*	50,000.00
50,000.00 001037
- - - - - - - - - - - - - - -
*	952.94

VILLA PORTOFINO EAST CDD-S2012	952.94 001038

CHECK DATE	VEND#	
3/13/20	00054	

4/15/20	
00006	

4/15/20	
00009	

.....INVOICE........EXPENSED TO...		VENDOR NAME DATE	INVOICE	YRMO  DPT ACCT# SUB	SUBCLASS

STATUS	AMOUNT	....CHECK.....
AMOUNT	#

4/15/20 00049

3/13/20 03132020 202003 300-20700-10100
TXFER TAX RCPTS 3/13/20
VILLA PORTOFINO EAST CDD - S2019
2/29/20 161122	202002 310-51300-31500
SERVICE THRU 2/29/2020
BILLING, COCHRAN, HEATH, LYLES,
3/26/20 00035614 202003 320-53800-43000
SERVICE FR 2/21-3/24/2020 3/26/20 00035914 202003 320-53800-43000
SERVICE FR 2/21-3/24/2020 3/26/20 00035926 202003 320-53800-43000
SERVICE FR 2/21-3/24/2020
CITY OF HOMESTEAD
4/01/20 109865	202004 320-53800-46300
APR 2020 FOUNTAIN SRVC

*	2,733.24
2,733.24 001039
- - - - - - - - - - - - - - -
*	875.00

- -

875.00 001040
-	- - - - - - - - - - - -
*	43.58
*	850.21
*	13.74
907.53 001041
- - - - - - - - - - - - - - -
*	195.00

4/15/20 00001

4/01/20
4/01/20
4/01/20
4/01/20
4/01/20
4/01/20
4/01/20

295
APR 295
APR 295
APR 295
APR 295
APR 295
APR 295
APR

DADELAND POOL
202004 310-51300-34000
2020 MGMT FEES
202004 310-51300-44000
2020 RENT
202004 310-51300-35100
2020 COMPUTER TIME
202004 310-51300-31300
2020 DISSEMINATION
202004 310-51300-35110
2020 WEB ADM
202004 310-51300-42000
2020 POSTAGE
202004 310-51300-42500
2020 COPIES

195.00 001042

-

-   -   -   -   -   -   -   -   -   -	- - - -
*	2,951.92
*	200.00
*	83.33
*	208.33
*	83.33
*	2.00
*	8.10

GMS-SOUTH FLORIDA, LLC

4/15/20	00052	4/01/20	

4/15/20	
00033	
4/15/20	

4/15/20	
00054	
4/15/20	

924	202004 320-53800-46200
APR 2020 LAWN SRVC
TRIMSCAPE LANDSCAPE SERVICES
04152020 202004 300-20700-10300
TXFER TAX RCPTS 4/15/20
VILLA PORTOFINO EAST CDD-S2012
04152020 202004 300-20700-10100
TXFER TAX RCPTS 4/15/20

3,537.01 001043
- - - - - - - - - - - - - - -
*	1,000.00
1,000.00 001044
- - - - - - - - - - - - - - -
*	5,778.15
5,778.15 001045
- - - - - - - - - - - - - - -
*	16,572.88

VILLA PORTOFINO EAST CDD - S2019

TOTAL FOR BANK A VPE	VILLA PRT EAST MPHILLIPS

16,572.88 001046

141,679.99

CHECK VEND#	.....INVOICE........EXPENSED TO...		VENDOR NAME DATE		DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS

STATUS

AMOUNT

....CHECK.....
AMOUNT	#

TOTAL FOR REGISTER	141,679.99

VPE	VILLA PRT EAST MPHIL IPS

Villa Portofino East
Community Development District Tax Collections
Fiscal Year Ending September 30, 2020
	SERIES 2019		SERIES 2012		
$	114,496.99	$	393,779.50	$	137,291.67	$	645,568.16	

Date	

Description	

Gross Tax	

Discounts/	

Commissions		

Interest	

Net Amount	001.300.363.100
General Fund	023.700.363.100
Debt Service Fund	022.700.363.100
Debt
Service Fund	
Total	
Received		Received	Penalties				Received	17.74%	61.00%	21.27%	100.00%	
11/30/2019	CURRENT 11/1-8/2019	$	15,235.30	$	609.41	$	146.26	$		$	14,479.63	$	2,568.09	$	8,832.19	$	3,079.35	$	14,479.63	
12/3/2019	CURRENT 11/9-14/2019	$	8,997.62	$	359.90	$	86.38	$		$	8,551.34	$	1,516.65	$	5,216.09	$	1,818.60	$	8,551.34	
12/10/2019	CURRENT 11/15-30/2019	$	357,695.78	$	14,307.66	$	3,433.88	$		$	339,954.24	$	60,293.77	$	207,363.09	$	72,297.38	$	339,954.24	
12/23/2019	CURRENT 12/1-13/2019	$	123,033.36	$	4,733.58	$	1,183.00	$		$	117,116.78	$	20,771.65	$	71,438.14	$	24,906.99	$	117,116.78	
1/10/2020	CURRENT 12/14-31/2019	$	56,628.82	$	1,729.86	$	548.98	$		$	54,349.98	$	9,639.43	$	33,152.05	$	11,558.50	$	54,349.98	
1/30/2020	INT 10/1-12/31/2019	$	278.30	$	$	$		$	278.30	$	278.30	$	$	$	278.30	
2/10/2020	CURRENT 1/1-31/2020	$	4,650.18	$	124.00	$	45.27			$	4,480.91	$	794.73	$	2,733.24	$	952.95	$	4,480.91	
3/9/2020	CURRENT 2/1-29/2020	$	27,721.49	$	277.22	$	274.44			$	27,169.83	$	4,818.80	$	16,572.88	$	5,778.15	$	27,169.83	
4/10/2020	CURRENT 3/1-31/2020	$	10,850.42	$	841.80	$	100.09	$		$	9,908.53	$	1,757.36	$	6,043.94	$	2,107.23	$	9,908.53	
4/24/2020	INT 1/1-3/31/2020	$	64.33	$	$	$		$	64.33	$	64.33	$	$	$	64.33	
TOTALS		$	605,155.60	$	22,983.43	$	5,818.30	$		$	576,353.87	$	102,503.11	$	351,351.62	$	122,499.14	$	576,353.87	

YTD % collected	93.74%	93.74%	93.74%	93.74%	
YTD Gross collected	$	107,329.48	$	369,128.91	$	128,697.21	$	605,155.60	
Outstanding assessments	$	7,167.51	$	24,650.59	$	8,594.46	$	40,412.56	
Discount/(Penalties)	$	107,329.48	$	369,128.91	$	128,697.21	$	605,155.60	
Commission	$	1,031.92	$	3,549.01	$	1,237.37	$	5,818.30	
Interest	$	-	$	-	$	-	$	-	

BALANCE SHEET
April 30, 2020

 	Major Funds		Total
	
General	Debt
     Service		Capital Projects	Governmental
 	Funds		

ASSETS:					
Cash	$48,529			$48,529	
Investments:					
Series 2012					
Reserve		$69,691		$69,691	
Revenue		$203,550		$203,550	
Interest		$3		$3	
Construction			$30	$30	
Due from General Fund		$2,107		$2,107	
Series 2019					
Reserve		$83,091		$83,091	
Revenue		$90,353		$90,353	
Interest		$55,893		$55,893	
Sinking		$200,000		$200,000	
Cost of Issuance			$3,569	$3,569	
Due from General Fund		$6,044		$6,044	
Invest - State Board	$272,452	$272,452	
TOTAL ASSETS	$320,981	     $710,734	$3,598	$1,035,313	

LIABILITIES:			
Accounts Payable	$640	$640	
Due to Debt Service - Series 2019	$6,044	$6,044	
Due to Debt Service - Series 2012	$2,107	$2,107	
FUND BALANCES:				
Nonspendable:
Restricted for Debt Service - Series 2012		
$275,351		
$275,351	
Restricted for Debt Service - Series 2019		$435,382		$435,382	
Restricted for Capital Projects - Series 2012			$30	$30	
Restricted for Capital Projects - Series 2019			$3,569	$3,569	
Assigned	$235,174			$235,174	
Unassigned	$77,016			$77,016	
TOTAL LIABILITIES & FUND BALANCES	$320,981	$710,734	$3,598	$1,035,313	

GENERAL FUND
Statement of Revenues, Expenditures and Changes in Fund Balance For the Period Ended April 30, 2020

	Adopted	Prorated Budget	Actual		
Description	Budget	Thru 04/30/20	Thru 04/30/20	Variance	

Revenue					
Maintenance Assessments	$124,708	$124,708	$102,503	($22,205)	
Interest Income	$1,500	$875	$2,212	$1,337	
Total Revenue	$126,208	$125,583	$104,715	($20,868)	
Expenditures					
Administrative
Engineering	
$10,000	
$5,833	
$0	
$5,833	
Arbitrage	$1,200	$0	$0	$0	
Dissemination	$2,500	$1,458	$1,458	$0	
Assessment Roll	$2,000	$2,000	$2,000	$0	
Attorney	$18,500	$10,792	$7,623	$3,169	
Auditing	$5,300	$1,000	$1,000	$0	
Trustee Fees	$10,500	$7,000	$7,000	$0	
Management Fees	$35,423	$20,663	$20,663	($0)	
Computer Time	$1,000	$583	$583	$0	
Website Compliance	$1,000	$583	$583	$0	
Telephone	$25	$15	$0	$15	
Postage	$100	$58	$46	$12	
Printing & Binding	$400	$233	$498	($265)	
Rentals & Leases	$2,400	$1,400	$1,400	$0	
Insurance	$6,646	$6,646	$6,193	$453	
Legal Advertising	$1,750	$1,021	$72	$949	
Other Current Charges	$450	$263	$437	($175)	
Office Supplies	$50	$29	$33	($4)	
Dues, Licenses & Subscriptions	$175	$175	$175	$0	
Capital Outlay	$250	$146	$0	$146	
First Quarter Operating	$33,065	$19,288	$0	$19,288	
Total Administrative	$132,733	$79,186	$49,765	$29,421	

Field
Electric	

$10,000	

$5,833	

$5,265	

$568	
Landscape Maintenance	$12,000	$7,000	$7,324	($324)	
Lake Maintenance	$5,000	$2,917	$0	$2,917	
Fountain Maintenance	$2,500	$1,458	$1,365	$93	
Repairs & Maintenance	$10,000	$5,833	$0	$5,833	
Field Operation	$10,649	$2,662	$2,662	$0	
Contingency	$8,500	$4,958	$930	$4,028	
Capital Reserves	$170,000	$99,167	$0	$99,167	
Total Field	$228,649	$129,829	$17,546	$112,283	
					
Total Expenditures	$361,382	$209,015	$67,312	$141,703	

Other Sources/Uses					
lnterfund Transfers ln/(Out)	$0	$0	$703	$703	
Excess (deficiency) of revenues over (under) expenditures	
($235,174)	
($83,432)	
$38,106	
$121,538	

Fund Balance - Beginning	
$235,174		
$274,084		
Fund Balance - Ending	 	$0			 	$312,190			

	Adopted	Prorated Budget	Actual		
Description	Budget	Thru 04/30/20	Thru 04/30/20	Variance	

Revenues					
Interest Income	$2,500	$1,458	$2,970	$1,512	
Assessments - On Roll	$374,091	$374,091	$292,850	($81,241)	
Total Revenues	$376,591	$375,549	$295,820	($79,729)	

Expenditures					
Series 2007A					
Interest - 11/1	$116,870	$116,870	$116,870	$0	
Principal Payoff - 12/1	$0	$0	$4,495,000	($4,495,000)	
Interest Payoff - 12/1	$0	$0	$33,762	($33,762)	
Interest - 05/1	$116,870	$0	$0	$0	
Principal - 05/1	$155,000	$0	$0	$0	
Total Expenditures	$388,740	$116,870	$4,645,632	($4,528,762)	

Excess (deficiency) of revenues over (under) expenditures	

($12,149)	

$258,679	

($4,349,813)	

($4,608,491)	

Other Financing Sourcesl(Uses)					
lnterfund Transfer ln/(Out)	$0	$0	$3,810,263	($3,810,263)	
Total Financing Sources/(Uses)	$0	$0	$3,810,263	($3,810,263)	

Net change in fund balance	
($12,149)	
$258,679	
($539,549)	
($8,418,755)	

Fund Balance - Beginning	
$383,501		
$539,550		
Fund Balance - Ending	 	$371,352 		 	$0 		

	Adopted		Prorated Budget		Actual		
 Decription			 	Budget			Thru 04/30/20		Thru 04/30/20		Variance		
Revenues										
Interest Income		$1,000		$583		$1;814		$1,230		
Assessments - On Roll		$130,525		$130,525		$122,499		($8,026)		
Total Revenues		$131,525		 	$131,108 		 	$124,313 		 	($6,796)		
Expenditures										
Series 2012										
Interest - 2/1		$48,269		$48,269		$48,269		$0		
Principal - 2/1		$30,000		$30,000		$30,000		$0		
Interest - 8/1		$47,463		$0		$0		$0		

Total Expenditures

Excess (deficiency) of revenues over (under) expenditures

Fund Balance - Beginning Fund Balance - Ending

$125,731	$78,269	$78,269	$0 

$5,794	$52,840	$46,044	($6,796)

$139,077	$229,307

 	$144,871	 	$275,351 

	Adopted	Prorated Budget	Actual		
Decription	Budget	Thru 04/30/20	Thru 04/30/20	Variance	

Revenues					
Interest Income	$0	$0	$503	$503	
Assessments - On Roll	$0	$0	$58,502	$58,502	
Total Revenues	$0	$0	$59,005	$59,005	

Expenditures					
Series 2019					
Interest - 5/1	$0	$0	$0	$0	
Principal - 5/1	$0	$0	$0	$0	
Interest - 11/1	$0	$0	$0	$0	
Total Expenditures	$0	$0	$0	$0	

Excess (deficiency) of revenues over (under) expenditures	

$0	

$0	

$59,005	

$59,005	

Other Financing Sources/(Uses}					
lnterfund Transfer ln/(Out)	$0	$0	($3,810,588)	($3,810,588)	
Bond Proceeds	$0	$0	$4,186,964	$4,186,964	
Total Financing Sources/(Uses)	$0	$0	$376,376	$376,376	
Net change in fund balance	$0	$0	$435,382	$435,382	

Fund Balance - Beginning	
$0		
$0		
Fund Balance - Ending	$0		$435,382		

	Adopted		Prorated Budget		Actual		
 Description			 	Budget			 	Thru 04/30/20 		Thru 04/30/20		Variance	
Revenues									
Interest Income		$0		$0		$238		$238	
Total Revenues		 	$0 		 	$0		 	$238 		 	$238 	
Expenditures									
Series 2007A									
Capital Outlay		$0		$0		$0		$0	
Total Expenditures	 	$0	 	$0	 	$0	 	$0	
Excess (deficiency) of revenues
over (under) expenditures	 	$0	
 	$0	
 	$238 	
 	$238 	

Other Financing Sourcesl(Uses)							
lnterfund Transfer ln/(Out)	$0		$0		($45,564)	($45,564)	
Total Financing Sources/(Uses)	 	$0		 	$0		 	($45,564) 	($45,564)	
Net change in fund balance	 	$0		 	$0		($45,327)	($45,327)	

Fund Balance - Beginning	
$0				
$45,327		
Fund Balance - Ending	$0				$0		

 	 	 	 	

 Description	

Adopted
 	Budget	

Prorated Budget Thru 04/30/20

Actual
Thru 04/30/20	Variance

REVENUES:

$0		$0		$0		$0	
 	$0		 	$0		 	$0		 	$0	

$0		

$0		

$0		

$0	
 	$0		 	$0		 	$0		 	$0	

 	$0		
 	$0		
 	$0		
 	$0	
$0				$29			
 	$0				$30			

Interest Income TOTAL REVENUES EXPENDITURES:
Series 2012

Capital Outlay

TOTAL EXPENDITURES

Excess (deficiency) of revenues over (under) expenditures

Fund Balance - Beginning Fund Balance - Ending

 	
Adopted	Prorated Budget	Actual
Description	Budget	Thru 04/30/20	Thru 04/30/20	Variance REVENUES:
Interest Income	$0	$0	$69	$69	
TOTAL REVENUES	$0	$0	$69	$69	

EXPENDITURES:					

Series 2019

Cost of Issuance	

$0	

$0	

$225,006	

($225,006)	
TOTAL EXPENDITURES	$0	$0	$225,006	($225,006)	

Excess (deficiency) of revenues over (under) expenditures	

$0	
$0	

($224,937)	

($224,937)	

Other Financing Sources/(Uses)					
lnterfund Transfer ln/(Out)	$0	$0	$45,470	$45,470	
Bond Proceeds	$0	$0	$183,036	$183,036	
Total Financing Sources/(Uses)	$0	$0	$228,506	$228,506	

Net change in fund balance	
$0	
$0	
$3,569	
$3,569	

Fund Balance - Beginning	
$0		
$0		
Fund Balance - Ending	$0		$3,569		

$5,275,000.00 ($115,000.00)
($120,000.00)
($125,000.00)
($135,000.00)
($140,000.00)
($145,000.00)
($4,495,000.00)
$0.00

Bonds outstanding - 9/30/2013
Less:	May 1, 2014 (Mandatory)
Less:	May 1, 2015 (Mandatory)
Less:	May 1, 2016 (Mandatory)
Less:	May 1, 2017 (Mandatory)
Less:	May 1, 2018 (Mandatory)
Less:	May 1, 2019 (Mandatory)
Less:	December 1, 2019 (Principal Payoff) Current Bonds Outstanding

5.20%
5/1/2037
None

Interest Rate; Maturity Date:
Reserve Fund Requirement:

Series 2007A, Special Assessment Bonds

Series 2012, Special Assessment Bonds		
Interest Rate;	5.38%		
Maturity Date:	2/1/2014		
Reserve Fund Requirement:	Max Annual		
Bonds outstanding - 9/30/2014	$245,000.00	
Less:	February 1, 2017 (Mandatory)	($25,000.00)	
Less:	February 1, 2018 (Mandatory)	($25,000.00)	
Less:	February 1, 2019 (Mandatory)	($30,000.00)	
Less:	February 1, 2020 (Mandatory)	($30,000.00)	
Current Bonds Outstanding		$135,000.00	
Interest Rate;	6.13%		
Maturity Date:	2/1/2033		
Reserve Fund Requirement:	Max Annual		
Bonds outstanding - 9/30/2019		$445,000.00	
Current Bonds Outstanding		$445,000.00	
Interest Rate;	6.75%		
Maturity Date:	2/1/2043		
Reserve Fund Requirement:	Max Annual		
Bonds outstandinQ - 9/30/2019		$895,000.00	
Current Bonds Outstanding	$895,000.00	
Series 2012, Taxable Special Assessment Bonds		
Interest Rate;	6.25%		
Maturity Date:	2/1/2016		
Reserve Fund Requirement:	Max Annual		
Bonds outstanding - 9/30/2013	$75,000.00	
Less:	February 1, 2014 (Mandatory)	($25,000.00)	
Less:	February 1, 2015 (Mandatory)	($25,000.00)	
Less:	February 1, 2016 (Mandatory)	($25,000.00)	
Current Bonds Outstanding	$0.00

Series 2019, Special Assessment Refunding Bonds

Interest Rate;	3.125%
Maturity Date:	5/1/2025
Reserve Fund Requirement:	Max Annual

Bonds outstanding - 12/31/2019	

$1,180,000.00	

Interest Rate;	
3.50%		
Maturity Date:	5/1/2030		
Reserve Fund Requirement:	Max Annual		
Bonds outstanding - 12/31/2019		$1,160,000.00	

Interest Rate;	
3.75%		
Maturity Date:	5/1/2037		
Reserve Fund Requirement:	Max Annual		
Bonds outstanding - 12/31/2019		$2,030,000.00	
Current Bonds Outstanding	$4,370,000.00
ITotal Current Bonds Outstanding	$5,84s,ooo.oo 1