Author: Tricia Lascasas

VERANDA COMMUNITY DEVELOPMENT
DISTRICT

CITY OF PORT ST. LUCIE REGULAR BOARD MEETING MARCH 11, 2024
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
March 11, 2024
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
November 13, 2023 Regular Board Meeting…	Page 2
Old Business
New Business
Consider Resolution No. 2024-01 – Adopting a Fiscal Year 2024/2025 Proposed Budget	Page 5
Discussion Regarding Required Ethics Training	Page 12
Administrative Matters
Board Members Comments
Adjourn

Publication Date 2024-02-29

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 March 11, 2024, 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 VERANDA COMMUNITY DEVELOPMENT DISTRICT
www.verandacdd.org
PUBLISH: ST. LUCIE NEWS TRIBUNE 02/29/24 #9887290

Page 1

VERANDA COMMUNITY DEVELOPMENT DISTRICT REGULAR BOARD MEETING
NOVEMBER 13, 2023

CALL TO ORDER

The Regular Board Meeting of the Veranda Community Development District was called to order at 10:36 a.m. on November 13, 2023, in the Veranda Clubhouse located at 238 SE Courances, 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 November 1, 2023, as legally required.

ESTABLISH A QUORUM

It was determined that the attendance of Supervisors Eliot Goldstein, Garrett Dinsmore, and Jemaine Lemon constituted a quorum, and it was in order to proceed with the meeting.

Also in attendance were District Manager Michael McElligott of Special District Services, Inc. and General Counsel Jonathan Johnson of Hopping, Green & Sams, P.A., who attended by telephone.

ADDITIONS OR DELETIONS TO THE AGENDA

There were no additions or deletions to the agenda.

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
June 12, 2023, Regular Board Meeting and Public Hearing

The June 12, 2023, Regular Board Meeting and Public Hearing Minutes were presented for approval.

A motion was then made by Mr. Goldstein, seconded by Mr. Lemon, and passed unanimously to approve the June 12, 2023, Regular Board Meeting and Public Hearing Minutes, as presented.

OLD BUSINESS

Update on Reports of Poor Drainage on Monet and Bancroft

VERANDA COMMUNITY DEVELOPMENT DISTRICT REGULAR BOARD MEETING
NOVEMBER 13, 2023

Mr. McElligott updated the Board that the engineer was getting a company out there to get the outfall all cleaned out. There was no further Board action needed at this time.

NEW BUSINESS

Consider Resolution No. 2023-06 – Adopting a Fiscal Year 2022/2023 Amended Budget

Mr. McElligott presented Resolution No. 2023-06, entitled:

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.

After a brief discussion, a motion was made by Mr. Goldstein, seconded by Mr. Lemon, and passed unanimously to adopt Resolution No. 2023-06, as presented.
Consider and Approve 2-Year Renewal Option for Grau & Associates
Mr. McElligott explained that 3 years ago the Board approved a 3-year contract with a 2-year renewal option with Grau & Associates for audit services. Mr. McElligott presented the 2-year renewal to the Board and recommended approval.
After a brief discussion, a motion was then made by Mr. Goldstein, seconded by Mr. Lemon, and passed unanimously to approve the 2-year Grau & Associated contract renewal, as presented.

ADMINISTRATIVE MATTERS

Mr. McElligott explained that there was going to be a new ethics training requirement for CDD Board members starting next year. Mr. McElligott said he would come back to the Board with options next calendar year.

BOARD MEMBER COMMENTS

There were no comments from the Board Members.

ADJOURNMENT

VERANDA COMMUNITY DEVELOPMENT DISTRICT REGULAR BOARD MEETING
NOVEMBER 13, 2023
There being no further business to come before the Board, a motion was made by Mr. Dinsmore, seconded by Mr. Lemon, and passed unanimously to adjourn the meeting at 10:47 am.

ATTESTED BY:

Secretary/Assistant Secretary	Chairperson/Vice-Chair

RESOLUTION NO. 2024-01

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE VERANDA COMMUNITY DEVELOPMENT DISTRICT APPROVING A PROPOSED BUDGET FOR FISCAL YEAR 2024/2025; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the Board of Supervisors (“Board”) of the Veranda Community Development District (“District”) is required by Chapter 190.008, Florida Statutes, to approve a Proposed Budget for each fiscal year; and,

WHEREAS, the Proposed Budget including the Assessments for Fiscal Year 2024/2025 has been prepared and considered by the Board.

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

Section 1.  The Proposed Budget including the Assessments for Fiscal Year 2024/2025 attached hereto as Exhibit “A” is approved and adopted.

Section 2.	A Public Hearing is hereby scheduled for May 13, 2024 at 10:30 a.m. in the Veranda Clubhouse, 238 SE Courances Drive, Port St. Lucie, FL 34984, for the purpose of receiving public comments on the Proposed Fiscal Year 2024/2025 Budget.

PASSED, ADOPTED and EFFECTIVE this 11^th day of March, 2024.

ATTEST:	VERANDA
COMMUNITY DEVELOPMENT DISTRICT

By:			By:		 Secretary/Assistant Secretary			Chairman/Vice Chairman

Veranda
Community Development District

Proposed Budget For Fiscal Year 2024/2025
October 1, 2024 - September 30, 2025

CONTENTS

PROPOSED BUDGET

II	DETAILED PROPOSED BUDGET

Ill	DETAILED PROPOSED DEBT SERVICE FUND BUDGET

IV	ASSESSMENT COMPARISON

PROPOSED BUDGET
VERANDA COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2024/2025
OCTOBER 1, 2024 - SEPTEMBER 30, 2025

REVENUES | FISCAL YEAR 2024/2025 BUDGET
0 & M Assessments | 86,745
Debt Assessments | 299,187
Other Revenue - Stormwater Fees | 0
Interest Income | 720
TOTAL REVENUES | $	386,652
EXPENDITURES |
Supervisor Fees | 0
Payroll Taxes - Em | oyer | 0
Engineering/Inspections | 1,750
Management | 39,972
Legal | 10,500
Assessment Roll | 5,000
Audit Fees | 4,000
Insurance | 7,900
Legal Advertisements | 1,300
Miscellaneous | 800
Postage | 225
Office Supplies | 525
Dues & Subscriptions | 175
Trustee Fee | 3,500
Continuing Disclosure Fee | 500
Water Management/Drainage | 0
TOTAL EXPENDITURES | $	76,147
REVENUES LESS EXPENDITURES | $	310,505
Bond Payments | (281,236)
BALANCE | $	29,269
Tax Collector Fee | (7,567)
Property Appraiser Fee | (7,567)
Discounts For Early Payments | (15,135)
EXCESS/ (SHORTFALL) | $	(1,000)
Carryover Funds From Prior Year | 1,000
NET EXCESS/ (SHORTFALL) | $

Note: Stormwater Reserve Balance As Of 3/1/24 Was $199,795.

DETAILED PROPOSED BUDGET
VERANDA COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2024/2025
OCTOBER 1, 2024 - SEPTEMBER 30, 2025

REVENUES | FISCAL YEAR 2022/2023 ACTUAL | FISCAL YEAR 2023/2024 BUDGET | FISCAL YEAR 2024/2025 BUDGET | COMMENTS
0 & M Assessments | 86,995	86,787 | 86,745 | Expenditures Less lnteresUDiscounts & Fees
Debt Assessments | 300,175	300,174 | 299,187 | Bond Payments/Discounts & Fees
Other Revenue - Stormwater Fees | 44,174	0 | 0 |
Interest Income | 12,094	360 | 720 | Interest Projected At $60 Per Month
TOTAL REVENUES | 443,438 | $	387,321 | $	386,652 |
EXPENDITURES | | |
Supervisor Fees | 0	0 | 0 |
Payroll Taxes - Em | oyer | 0	0 | 0 |
Engineering/Inspections | 2,356	1,750 | 1,750 | No Change From 2023/2024 Budget
Management | 37,680	38,808 | 39,972 | CPI Adjustment (Capped At 3%)
Legal | 1,943	11,000 | 10,500 | $500 Decrease From 2023/2024 Budget
Assessment Roll | 5,000	5,000 | 5,000 | As Per Contract
Audit Fees | 3,800	3,900 | 4,000 | Accepted Amount For 2023/2024 Audit
Insurance | 6,718	7,200 | 7,900 | FY 2023/2024 Expenditure Was $7,222
Legal Advertisements | 1,086	1,300 | 1,300 | No Change From 2023/2024 Budget
Miscellaneous | 93	900 | 800 | $100 Decrease From 2023/2024 Budget
Postage | 101	225 | 225 | No Change From 2023/2024 Budget
Office Supplies | 317	550 | 525 | $25 Decrease From 2023/2024 Budget
Dues & Subscriptions | 175	175 | 175 | No Change From 2023/2024 Budget
Trustee Fee | 3,500	3,500 | 3,500 | No Change From 2023/2024 Budget
Continuing Disclosure Fee | 350	500 | 500 | No Change From 2023/2024 Budget
Water Management/Drainage | 1,600	0 | 0 |
TOTAL EXPENDITURES | 64,719 | $	74,808 | $	76,147 |
REVENUES LESS EXPENDITURES | 378,719 | $	312,513 | $	310,505 |
Bond Payments | (282,860)	(282,164) | (281,236) | 2025 P & I Payments Less Earned Interest
BALANCE | 95,859 | $	30,349 | $	29,269 |
Tax Collector Fee | (5,927)	(7,587) | (7,567) | Two Percent Of Total Assessment Roll
Property Appraiser Fee | (7,740)	(7,587) | (7,567) | Two Percent Of Total Assessment Roll
Discounts For Early Payments | (14,882)	(15,175) | (15,135) | Four Percent Of Total Assessment Roll
EXCESS/ (SHORTFALL) | $	67,310 | ^$	- | $	(1,000) |
Carryover Funds From Prior Year | 0	0 | 1,000 | Carryover Funds From Prior Year
NET EXCESS/ (SHORTFALL) | $	67,310 | ^$	- | $ |

Note: Stormwater Reserve Balance As Of 3/1/24 Was $199,795.

DETAILED PROPOSED DEBT SERVICE FUND BUDGET
VERANDA COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2024/2025
OCTOBER 1, 2024 - SEPTEMBER 30, 2025

REVENUES

FISCAL YEAR

2022/2023

ACTUAL

FISCAL YEAR

2023/2024

BUDGET

FISCAL YEAR

2024/2025

BUDGET

COMMENTS

Interest Income | 15,621 | 100 | 500 | Projected Interest For 2024/2025
NAV Tax Collection | 282,860 | 282,164 | 281,236 | Maximum Debt Service Collection
Prepaid Bond Collection | 11,820 | 0 | 0 |
Total Revenues | $	310,301 | $	282,264 | $	281,736 |
EXPENDITURES | | | |
Principal Payments | 85,000 | 95,000 | 95,000 | Principal Payment Due In 2025
Interest Payments | 191,863 | 185,900 | 180,850 | Interest Payments Due In 2025
Bond Redemption | 0 | 1,364 | 5,886 | Estimated Excess Debt Collections
Total Expenditures | $	276,863 | $	282,264 | $	281,736 |
Excess/ (Shortfall) | $	33,438 | ^$	- | $ |

Series 2015 Bond Information

Original Par Amount= Interest Rate =
Issue Date= Maturity Date=

Par Amount As Of 1/1/24 =

$4,270,000 4.00% - 5.25%
September 2015
November 2045

$3,615,000

Annual Principal Payments Due=	November 1st
Annual Interest Payments Due =	May 1st & November 1st

2/29/2024 7:49 AM	^111	_Page _10

VERANDA COMMUNITY DEVELOPMENT DISTRICT ASSESSMENT COMPARISON

Fiscal Year
2021/2022

Fiscal Year
2022/2023

Fiscal Year
2023/2024

Fiscal Year
2024/2025

Assessment* | | | | Assessment* | | | | Assessment* | | | | Projected Assessment* |
0 & M For Single Family 42' Unit | | $	229.96 | | | | $	229.72 | | | | $	229.60 | | | | $	229.49 |
Debt For Single Family 42' Unit | | $	606.00 | | | | $	606.00 | | | | $	606.00 | | | | $	606.00 |
Total For Single Family 42' Unit | | $	835.96 | | | | $	835.72 | | | | $	835.60 | | | | $	835.49 |
0 & M For Single Family 52' Unit | | $	229.96 | | | | $	229.72 | | | | $	229.60 | | | | $	229.49 |
Debt For Single Family 52' Unit | | $	779.00 | | | | $	779.00 | | | | $	779.00 | | | | $	779.00 |
Total For Single Family 52' Unit | | $	1,008.96 | | | | $	1,008.72 | | | | $	1,008.60 | | | | $	1,008.49 |
0 & M For Single Family 66' Unit | | $	229.96 | | | | $	229.72 | | | | $	229.60 | | | | $	229.49 |
Debt For Single Family 66' Unit | | $	987.00 | | | | $	987.00 | | | | $	987.00 | | | | $	987.00 |
Total For Single Family 66' Unit | | $	1,216.96 | | | | $	1,216.72 | | | | $	1,216.60 | | | | $	1,216.49 |
* Assessments Include the Following : | | | | | | | | | | | | | | |
4% Discount for Early Payments | | | | | | | | | | | | | | |
County Tax Collector Fee | | | | | | | | | | | | | | |
County Property Appraiser Fee | | | | | | | | | | | | | | |
Community Information: Single Family 42' Units: 69 | | | | | | | | | | | | | | |
Single Family 52' Units: 210 | | | | | | | | | | | | | | |
Single Family 66' Units: 99 | | | | | | | | | | | | | | |
Total:	378 Units | | | | | | | | | | | | | | |

Single Family 42' Information: Total Units: 69
Prepayments: 1 Billed For Debt: 68

Single Family 52' Information: Total Units: 210
Prepayments: 3 Billed For Debt: 207

Single Family 66' Information: Total Units: 99
Prepayments: 1 Billed For Debt: 98

2/29/2024 7:49 AM	^IV	_Page _11

Ethics Training

Beginning in 2024, District Supervisors are required to complete four (4) hours of ethics training annually. Below are links to two training sessions that will, upon completion, satisfy the training requirement. Beginning with the 2024 Form 1, District Supervisors will be required to confirm that they have completed the training each year.

State Ethics Laws for Constitutional Officers & Elected Municipal Officers
https://www.youtube.com/watch?v=U8JktIMKzyI
Public Meetings and Public Records Law
https://www.myfloridalegal.com/sites/default/files/Full%2520audio%25 202018%5B2%5D.mp3

Both links can be found on SDS’ website, at www.sdsinc.org/links.

The Florida Association of Special Districts (FASD) also offers a training option through Florida State University’s Florida Institute of Government. If your special district is a member of FASD, the cost for this special district-specific ethics training is $49.00 for each district official.

If your special district is NOT a member of FASD, the cost for this special district-specific ethics training is $79.00 for each district official.
Information on the FASD course can be found at https://www.fasd.com/ethics-for- special-districts.

The Oaks Center · 2501A Burns Road · Palm Beach Gardens, FL 33410-5204	o: 561.630.4922 · f: 561.630.4923 · www.sdsinc.org Additional Offices: Miami · Bonita Springs · Tradition · West Villages · Ave Maria
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