VERANDA COMMUNITY DEVELOPMENT
DISTRICT

CITY OF PORT ST. LUCIE REGULAR BOARD MEETING NOVEMBER 13, 2023
10:30 A.M.

Special District Services, Inc.
The Oaks Center 2501A Burns Road
Palm Beach Gardens, FL 33410

www.verandacdd.org 561.630.4922 Telephone 877.SDS.4922 Toll Free 561.630.4923 Facsimile

AGENDA
VERANDA COMMUNITY DEVELOPMENT DISTRICT
Veranda Clubhouse 238 SE Courances Drive
Port St. Lucie, Florida 34984
REGULAR BOARD MEETING
November 13, 2023
10:30 a.m.

Call to Order
Proof of Publication…	Page 1
Establish a Quorum
Additions or Deletions to Agenda
Comments from the Public for Items Not on the Agenda.
Approval of Minutes
June 12, 2023 Regular Board Meeting & Public Hearing…	Page 2
Old Business
Update on Reports of Poor Drainage on Monet and Bancroft
New Business
Consider Resolution No. 2023-06 – Adopting a Fiscal Year 2022/2023 Amended Budget…	Page 6
Consider and Approve 2-Year Renewal Option – Grau & Associates…	Page 11
Administrative Matters
Board Members Comments
Adjourn

Publication Date 2023-11-01

Subcategory Miscellaneous Notices

VERANDA COMMUNITY DEVELOPMENT DISTRICT NOTICE OF REGULAR BOARD OF SUPERVISORS MEETING
The Board of Supervisors of the Veranda Community Development District (the District) will hold a Regular Board Meeting on November 13, 2023, at 10:30 a.m. at the Veranda Clubhouse located at 238 SE Courances Drive, Port St. Lucie, Florida 34984 where the Board may consider any business that may properly come before it.
A copy of the agenda may be obtained from the Districts website (www.verandacdd.org) or at the offices of the District Manager, 2501A Burns Road, Palm Beach Gardens, Florida 33410, Telephone: (561) 630-4922 and/or toll free at 1-877-737-4922, during normal business hours.
The meeting is open to the public and will be conducted in accordance with the provisions 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 staff or Supervisors may participate by speaker telephone.
Any person requiring special accommodations at this meeting because of a disability or physical impairment should contact the District Office at (561) 630-4922 at least forty-eight (48) hours prior to the meeting. If you are hearing or speech impaired, please contact the Florida Relay Service at 1-800-955-8770, for aid in contacting the District Office.
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 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.
Meetings may be cancelled from time to time without advertised notice. Michael McElligott
District Manager PUBLISH NOV 1, 2023 TCN9454183

Page 1

VERANDA COMMUNITY DEVELOPMENT DISTRICT PUBLIC HEARING & REGULAR BOARD MEETING JUNE 12, 2023

CALL TO ORDER

The Regular Board Meeting of the Veranda Community Development District was called to order at 10:30 am at the Veranda Clubhouse at 238 SE Courances Drive, Port St. Lucie, Florida 34984

PROOF OF PUBLICATION

Proof of publication was presented which showed that notice of the Regular Board Meeting had been published in the St. Lucie News Tribune on 5/23/2023 & 5/30/2023, as legally required.

ESTABLISH A QUORUM

It was determined that the attendance of Chairman David Kanarek, and Supervisors Garrett Dinsmore, and Jermaine Lemon constituted a quorum, and it was in order to proceed with the meeting.

Also in attendance were District Managers Michael McElligott of Special District Services, Inc., and District Council Jonathan Johnson from Kutack Rock LLP, via phone.

ADDITIONS OR DELETIONS TO THE AGENDA

There were no additions or deletions.

COMMENTS FROM THE PUBLIC FOR ITEMS NOT ON THE AGENDA

There were no comments from the public for items not on the agenda.

APPROVAL OF MINUTES
April 10, 2023, Regular Board Meeting

The April 10, 2023, Regular Board Meeting Minutes were presented for approval.

A motion was then made by Mr. Lemon, seconded by Mr. Kanarek and passed unanimously to approve the April 10, 2023, Regular Board Meeting Minutes, as presented.

Mr. McElligott then opened the Public Hearing at 10:31 a.m.

VERANDA COMMUNITY DEVELOPMENT DISTRICT PUBLIC HEARING & REGULAR BOARD MEETING JUNE 12, 2023

PUBLIC HEARING
Proof of Publication

Proof of publication was presented which showed that notice of the Public Hearing had been published in the St. Lucie News Tribune on May 23, 2023, and May 30, 2023, as legally required.

Receive Public Comment on the Fiscal Year 2023/2024 Final Budget

Mr. McElligott noted that there were no members of the public present.

Consider Resolution No. 2023-03 – Adopting a Fiscal Year 2023/2024 Final Budget

Mr. McElligott presented Resolution No. 2023-03, entitled:

RESOLUTION 2023-03

THE ANNUAL APPROPRIATION RESOLUTION OF THE VERANDA COMMUNITY DEVELOPMENT DISTRICT (“DISTRICT”) RELATING TO THE ANNUAL APPROPRIATIONS AND ADOPTING THE BUDGET FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2023, AND ENDING SEPTEMBER 30, 2024; AUTHORIZING BUDGET AMENDMENTS; AND PROVIDING AN EFFECTIVE DATE.

After a brief discussion, a motion was made by Mr. Dinsmore, seconded by Mr. Lemon and passed unanimously to adopt Resolution No. 2023-03, as presented.

Consider Resolution No. 2023-04 – Adopting a Fiscal Year 2023/2024 Assessment Roll

Mr. McElligott presented Resolution No. 2023-04, entitled:

RESOLUTION 2023-04

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE VERANDA COMMUNITY DEVELOPMENT DISTRICT MAKING A DETERMINATION OF BENEFIT AND IMPOSING SPECIAL ASSESSMENTS FOR FISCAL YEAR 2023/2024; PROVIDING FOR THE COLLECTION AND ENFORCEMENT OF SPECIAL ASSESSMENTS; CERTIFYING AN ASSESSMENT ROLL; PROVIDING FOR AMENDMENTS TO THE ASSESSMENT ROLL; PROVIDING A SEVERABILITY CLAUSE; AND PROVIDING AN EFFECTIVE DATE.

VERANDA COMMUNITY DEVELOPMENT DISTRICT PUBLIC HEARING & REGULAR BOARD MEETING JUNE 12, 2023

Mr. McElligott explained that this assessment roll reflects the same rate just approved by the Board in the Final Budget for fiscal year 2023/2024. A motion was made by Mr. Dinsmore, seconded by Mr. Kanarek and passed unanimously to adopt Resolution No. 2023-04, as presented.

Mr. McElligott then closed the Public Hearing.

OLD BUSINESS

There was no Old Business.

NEW BUSINESS
Consider Resolution No. 2023-05 – Adopting a Fiscal Year 2023/2024 Meeting Schedule

Mr. McElligott presented Resolution No. 2023-05, entitled:

RESOLUTION NO. 2023-05

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE VERANDA COMMUNITY DEVELOPMENT DISTRICT, ESTABLISHING A REGULAR MEETING SCHEDULE FOR FISCAL YEAR 2023/2024 AND SETTING THE TIME AND LOCATION OF SAID DISTRICT MEETINGS; AND PROVIDING AN EFFECTIVE DATE.

Following a short discussion, a motion was made by Mr. Maxey, seconded by Mr. Kanarek and passed unanimously to adopt Resolution No. 2023-05 as presented.

Consider Request of HOA Concerning Poor Drainage on Monet and Bancroft

The HOA manager had mailed stating she had received some comments from a resident related to slow draining near Monet and Bancroft. The Board authorized the District manager to get with the District engineer to investigate.

ADMINISTRATIVE MATTERS

Mr. McElligott presented the current financial report. There was no action required. Mr. McElligott reminded the Board members to submit the required Form 1 by July 1st.

VERANDA COMMUNITY DEVELOPMENT DISTRICT PUBLIC HEARING & REGULAR BOARD MEETING JUNE 12, 2023

BOARD MEMBER COMMENTS

There were no comments from the Board Members.

ADJOURNMENT

There being no further business to come before the Board, a motion was made by Mr. Kanarek, seconded by Mr. Lemon and passed unanimously to adjourn the meeting at 10:37 am.

ATTESTED BY:

Secretary/Assistant Secretary	Chairperson/Vice-Chair

RESOLUTION NO. 2023-06

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE VERANDA COMMUNITY DEVELOPMENT DISTRICT AUTHORIZING AND ADOPTING AN AMENDED FINAL FISCAL YEAR 2022/2023 BUDGET (“AMENDED BUDGET”), PURSUANT TO CHAPTER 189, FLORIDA STATUTES; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the Board of Supervisors of the Veranda Community Development District (“District”) is empowered to provide a funding source and to impose special assessments upon the properties within the District; and,

WHEREAS, the District has prepared for consideration and approval an Amended Budget.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE VERANDA COMMUNITY DEVELOPMENT DISTRICT, THAT:

Section 1.  The Amended Budget for Fiscal Year 2022/2023 attached hereto as Exhibit “A” is hereby approved and adopted.

Section 2.  The Secretary/Assistant Secretary of the District is authorized to execute any and all necessary transmittals, certifications or other acknowledgements or writings, as necessary, to comply with the intent of this Resolution.

PASSED, ADOPTED and EFFECTIVE this 13th day of November, 2023.

ATTEST:	VERANDA
COMMUNITY DEVELOPMENT DISTRICT

By:			By:		 Secretary/Assistant Secretary			Chairperson/Vice Chairperson

Veranda
Community Development District

Amended Final Budget For Fiscal Year 2022/2023
October 1, 2022 - September 30, 2023

CONTENTS

AMENDED FINAL OPERATING FUND BUDGET

AMENDED FINAL DEBT SERVICE FUND BUDGET

AMENDED FINAL BUDGET
VERANDA COMMUNITY DEVELOPMENT DISTRICT OPERATING FUND
FISCAL YEAR 2022/2023 OCTOBER 1, 2022 - SEPTEMBER 30, 2023

REVENUES	FISCAL YEAR 2022/2023 BUDGET
10/1/22 - 9/30/23	AMENDED FINAL BUDGET
10/1/22 - 9/30/23	YEAR TO DATE ACTUAL
10/1/22 - 9/29/23	
O & M Assessments	86,833	86,995	86,995	
DeEt Assessments	300,174	300,175	300,175	
Other Revenue - Stormwater Fees	0	44,174	44,174	
Interest Income	240	10,698	10,698	
				
TOTAL REVENUES	$	387,247	$	442,042	$	442,042	
				
EXPENDITURES				
Supervisor Fees	0	0	0	
Payroll Taxes - Employer	0	0	0	
Engineering/Inspections	1,750	4,500	2,356	
Management	37,680	37,680	37,680	
Legal	12,500	6,000	1,943	
Assessment Roll	5,000	5,000	5,000	
Audit Fees	3,800	3,800	3,800	
Insurance	6,600	6,718	6,718	
Legal Advertisements	1,200	1,300	1,086	
Miscellaneous	1,200	600	93	
Postage	225	110	101	
Office Supplies	600	375	317	
Dues & SuEscriptions	175	175	175	
Trustee Fee	3,500	3,500	0	
Continuing Disclosure Fee	500	350	350	
Water Management/Drainage	0	3,200	1,600	
				
TOTAL EXPENDITURES	$	74,730	$	73,308	$	61,219	
				
REVENUES LESS EXPENDITURES	$	312,517	$	368,734	$	380,823	
				
Bond Payments	(282,164)	(282,860)	(282,860)	
				
BALANCE	$	30,353	$	85,874	$	97,963	
				
Tax Collector Fee	(7,588)	(7,444)	(7,444)	
Property Appraiser Fee	(7,588)	(7,740)	(7,740)	
Discounts For Early Payments	(15,177)	(14,882)	(14,882)	
				
EXCESS/ (S+ORTFALL)	$	-	$	55,808	$	67,896	
				
Carryover From Prior Year	0	0	0	
				
NET EXCESS/ (S+ORTFALL)	$	-	$	55,808	$	67,896	

TOTAL FUND BALANCE AS OF 9/30/22	
FY 2022/2023 ACTIVITY	
TOTAL FUND BALANCE AS OF 9/30/23	
STORMWATER RESERVE AS OF 9/30/23	
NET FUND BALANCE AS OF 9/30/23	

$283,243	
$55,808	
$339,051	
$199,795	
$139,256	

NOTE
Stormwater Reserve Balance As Of 9/30/23 Is $199,795 (Included In 9/30/23 Total Fund Balance)

AMENDED FINAL BUDGET
VERANDA COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND
FISCAL YEAR 2022/2023 OCTOBER 1, 2022 - SEPTEMBER 30, 2023

REVENUES	FISCAL YEAR 2022/2023 BUDGET
10/1/22 - 9/30/23	AMENDED FINAL BUDGET
10/1/22 - 9/30/23	YEAR TO DATE ACTUAL
10/1/22 - 9/29/23	
Interest Income	25	13,932	13,832	
NAV Tax Collection	282,164	282,860	282,860	
Prepaid Bond Collection	0	11,820	11,820	
Total Revenues	$	282,189	$	308,612	$	308,512	
				
EXPENDITURES				
Principal Payments	90,000	85,000	85,000	
Interest Payments	189,950	191,863	191,863	
Bond Redemption	2,239	0	0	
Total Expenditures	$	282,189	$	276,863	$	276,863	
				
Excess/ (Shortfall)	$	-	$	31,749	$	31,649	

FUND BALANCE AS OF 9/30/22	
FY 2022/2023 ACTIVITY	
FUND BALANCE AS OF 9/30/23	

$373,954	
$31,749	
$405,703	

Notes
Reserve Fund Balance = $145,377*. Revenue Fund Balance = $244,633*. Prepayment Account = $15,693*
Revenue Fund Balance To Be Used To Make 11/1/2023 Principal & Interest Payment Of $184,975 - Principal Payment Of $90,000 & Interest Payment Of $94,975.
Prepayment Account Balance To Be Used To Make 11/1/2023 Extraordinary Principal Payment Of $15,000.
* Approximate Amounts

Series 2015 Bond Information
Original Par Amount =	$4,270,000	Annual Principal Payments Due 	
Interest Rate =	4.00% - 5.25%	November 1st	
Issue Date =	September 2015	Annual Interest Payments Due 	
Maturity Date =

Par Amount As Of 9/30/23 =	November 2045

$3,720,000	May 1st & November 1st	

November 13, 2023

RE: Veranda Community Development District Auditor Renewal

At the March 8, 2021 Veranda Community Development District Board Of Supervisors meeting, the firm of Grau & Associates was selected to perform the 9-30-2020, 9-30-2021 and 9-30-2022 year end audits of the District with an option to perform the 9-30-2023 and 9-30-2024 audits.

The fees for the 9-30-2020 audit were $3,600. The fees for the 9-30-2021 audit were
$3,700. And the fees for the 9-30-2022 audit were $3,800. The proposed fee for the 9- 30-2023 audit is $3,900, which is the budgeted amount for audit fees for Fiscal Year 2023/2024. And the proposed fee for the 9-30-2024 audit is $4,000.

Management is pleased with the professionalism and the competence of the Grau & Associates partners and staff; therefore management recommends that the Board approve the renewal option for the Fiscal Year Ending 9-30-2023 and 9-30-2024 audits for Grau & Associates.

Special District Services, Inc.