VERANDA COMMUNITY DEVELOPMENT
DISTRICT

CITY OF PORT ST. LUCIE REGULAR BOARD MEETING MARCH 10, 2025
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 10, 2025
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
October 21, 2024 Regular Board Meeting Minutes…	Page 2
Old Business
New Business
Consider Resolution No. 2025-01 – Adopting a Fiscal Year 2025/2026 Proposed Budget…	Page 5
Discussion About Performing Annual Engineer’s Report
Discussion Regarding CDD Merger
Administrative Matters
Board Member Comments
Adjourn

Publication Date 2025-02-28

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 10, 2025, 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 Pub: February 28, 2025 TCN11065332

Page 1

VERANDA COMMUNITY DEVELOPMENT DISTRICT REGULAR BOARD MEETING
OCTOBER 21, 2024

CALL TO ORDER

The Regular Board Meeting of the Veranda Community Development District was called to order at 10:30 a.m. on October 21, 2024, 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 October 10, 2024, 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 10, 2024, Regular Board Meeting and Public Hearing

The June 10, 2024, 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 10, 2024, Regular Board Meeting and Public Hearing Minutes, as presented.

OLD BUSINESS

There was no Old Business.

VERANDA COMMUNITY DEVELOPMENT DISTRICT REGULAR BOARD MEETING
OCTOBER 21, 2024

NEW BUSINESS

Consider Resolution No. 2024-06 – Adopting a Fiscal Year 2023/2024 Amended Budget

Mr. McElligott presented Resolution No. 2024-06, entitled:

RESOLUTION NO. 2024-06

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE VERANDA COMMUNITY DEVELOPMENT DISTRICT AUTHORIZING AND ADOPTING AN AMENDED FINAL FISCAL YEAR 2023/2024 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. 2024-06, as presented.
Consider Resolution No. 2024-07 – Adopting Goals and Objectives
Mr. McElligott presented Resolution No. 2024-07, entitled:
RESOLUTION NO. 2024-07
A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE VERANDA COMMUNITY DEVELOPMENT DISTRICT ADOPTING GOALS, OBJECTIVES, AND PERFORMANCE MEASURES AND STANDARDS; PROVIDING A SERVABILITY CLAUSE; AND PROVIDING AN EFFECTIVE DATE.

Mr. McElligott and Mr. Johnson explained that due to a new statutory requirement, the Board needs to adopt Goals & Objectives that they will post to their website and then next year they will revisit and evaluate how they did against those Goals & Objectives. Mr. McElligott presented the exhibit to the resolution which lists out proposed Goal & Objectives, and how the Board will measure them next year.

After a brief discussion among the Board, there was a motion by Mr. Lemon, with a second from Mr. Goldstein, to approve resolution No. 2024-07 – Adopting Goals & Objectives as presented. The motion carried 3-0.

2.  Discussion Regarding Ending of Lake Maintenance Agreement with HOA

Mr. McElligott explained that he had been contacted by the Veranda Gardens HOA and they had asked about the process of ending the Lake Maintenance Agreement with the CDD and how the maintenance

VERANDA COMMUNITY DEVELOPMENT DISTRICT REGULAR BOARD MEETING
OCTOBER 21, 2024
would be handled if they did. Mr. McElligott told the Board that he explained what would happen and the HOA said that they would discuss it further among themselves and let the CDD know in the future if they would like to move forward with ending the agreement. The HOA asked to keep everything the same, and the agreement in place for now, so there is no action required from the CDD Board at this time.

ADMINISTRATIVE MATTERS

Mr. McElligott explained that there were no qualified candidates for Board seats at the election last week, so all Bord members remain in their seats as holdovers.

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. Goldstein, seconded by Mr. Lemon, and passed unanimously to adjourn the meeting at 11:00 am.

ATTESTED BY:

Secretary/Assistant Secretary	Chairperson/Vice-Chair

RESOLUTION NO. 2025-01

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE VERANDA COMMUNITY DEVELOPMENT DISTRICT APPROVING A PROPOSED BUDGET FOR FISCAL YEAR 2025/2026; 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 2025/2026 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 2025/2026 attached hereto as Exhibit “A” is approved and adopted.

Section 2.	A Public Hearing is hereby scheduled for May 12, 2025 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 2025/2026 Budget.

PASSED, ADOPTED and EFFECTIVE this 10th day of March, 2025.

ATTEST:	VERANDA
COMMUNITY DEVELOPMENT DISTRICT

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

Veranda
Community Development District

Proposed Budget For Fiscal Year 2025/2026
October 1, 2025 - September 30, 2026

CONTENTS

PROPOSED BUDGET

DETAILED PROPOSED BUDGET

DETAILED PROPOSED DEBT SERVICE FUND BUDGET

ASSESSMENT COMPARISON

PROPOSED BUDGET
VERANDA COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	
FISCAL YEAR 2025/2026 BUDGET	
O & M Assessments	86,710	
Debt Assessments	298,200	
Other Revenue - Stormwater Fees	0	
Interest Income	1,200	
		
TOTAL REVENUES	$	386,110	
		
EXPENDITURES		
Supervisor Fees	0	
Payroll Taxes - Employer	0	
Engineering/Inspections	10,000	
Management	41,124	
Legal	10,000	
Assessment Roll	5,000	
Audit Fees	4,100	
Insurance	8,000	
Legal Advertisements	1,300	
Miscellaneous	750	
Postage	225	
Office Supplies	500	
Dues & Subscriptions	175	
Trustee Fee	3,500	
Continuing Disclosure Fee	500	
Water Management/Drainage	0	
TOTAL EXPENDITURES	$	85,174	
		
REVENUES LESS EXPENDITURES	$	300,936	
		
Bond Payments	(280,308)	
		
BALANCE	$	20,628	
		
Tax Collector Fee	(7,547)	
Property Appraiser Fee	(7,547)	
Discounts For Early Payments	(15,094)	
		
EXCESS/ (SHORTFALL)	$	(9,560)	
		
Carryover Funds From Prior Year	9,560	
		
NET EXCESS/ (SHORTFALL)	$	-	

Note: Stormwater Reserve Balance As Of 3/1/25 Was $235,275.

DETAILED PROPOSED BUDGET
VERANDA COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	
FISCAL YEAR 2023/2024 ACTUAL	
FISCAL YEAR 2024/2025 BUDGET	
FISCAL YEAR 2025/2026 BUDGET	

COMMENTS	
O & M Assessments	86,967	86,725	86,710	Expenditures Less Interest/Discounts & Fees	
Debt Assessments	299,187	298,200	298,200	Bond Payments/Discounts & Fees	
Other Revenue - Stormwater Fees	46,836	0	0		
Interest Income	20,209	720	1,200	Interest Projected At $100 Per Month	
					
TOTAL REVENUES	453,199	$	385,645	$	386,110		
					
EXPENDITURES					
Supervisor Fees	0	0	0		
Payroll Taxes - Employer	0	0	0		
Engineering/Inspections	6,628	1,750	10,000	$8,250 Increase From 2024/2025 Budget	
Management	38,808	39,972	41,124	CPI Adjustment	
Legal	6,090	10,500	10,000	$500 Decrease From 2024/2025 Budget	
Assessment Roll	5,000	5,000	5,000	As Per Contract	
Audit Fees	3,900	4,000	4,100	$100 Increase From 2024/2025 Budget	
Insurance	7,222	7,900	8,000	FY 2023/2024 Expenditure Was $7,511	
Legal Advertisements	1,315	1,300	1,300	No Change From 2024/2025 Budget	
Miscellaneous	283	800	750	$50 Decrease From 2024/2025 Budget	
Postage	137	225	225	No Change From 2024/2025 Budget	
Office Supplies	234	525	500	$25 Decrease From 2024/2025 Budget	
Dues & Subscriptions	175	175	175	No Change From 2024/2025 Budget	
Trustee Fee	3,500	3,500	3,500	No Change From 2024/2025 Budget	
Continuing Disclosure Fee	350	500	500	No Change From 2024/2025 Budget	
Water Management/Drainage	11,355	0	0		
TOTAL EXPENDITURES	84,997	$	76,147	$	85,174		
					
REVENUES LESS EXPENDITURES	368,202	$	309,498	$	300,936		
					
Bond Payments	(281,301)	(280,308)	(280,308)	2026 P & I Payments Less Earned Interest	
					
BALANCE	86,901	$	29,190	$	20,628		
					
Tax Collector Fee	(5,649)	(7,548)	(7,547)	Two Percent Of Total Assessment Roll	
Property Appraiser Fee	(7,720)	(7,548)	(7,547)	Two Percent Of Total Assessment Roll	
Discounts For Early Payments	(14,671)	(15,094)	(15,094)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	$	58,861	$	(1,000)	$	(9,560)		
					
Carryover Funds From Prior Year	0	1,000	9,560	Carryover Funds From Prior Year	
					
NET EXCESS/ (SHORTFALL)	$	58,861	$	-	$	-		

Note: Stormwater Reserve Balance As Of 3/1/25 Was $235,275.

DETAILED PROPOSED DEBT SERVICE FUND BUDGET
VERANDA COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	
FISCAL YEAR

2023/2024

ACTUAL	
FISCAL YEAR

2024/2025

BUDGET	
FISCAL YEAR

2025/2026

BUDGET	

COMMENTS	

Interest Income	
20,303	
500	
1,500	
Projected Interest For 2025/2026	

NAV Tax Collection	
281,301	
280,308	
280,308	
Maximum Debt Service Collection	

Prepaid Bond Collection	
11,511	
0	
0		

Total Revenues	
$	313,115	
$	280,808	
$	281,808		

EXPENDITURES					

Principal Payments	
105,000	
95,000	
105,000	
Principal Payment Due In 2026	

Interest Payments	
187,538	
180,850	
176,075	
Interest Payments Due In 2026	

Bond Redemption	
0	
4,958	
733	
Estimated Excess Debt Collections	

Total Expenditures	
$	292,538	
$	280,808	
$	281,808		

Excess/ (Shortfall)	
$	20,577	
$	-	
$	-		

Series 2015 Bond Information

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

Par Amount As Of 1/1/25 =	November 2045

$3,510,000		

VERANDA COMMUNITY DEVELOPMENT DISTRICT ASSESSMENT COMPARISON

Fiscal Year	Fiscal Year	Fiscal Year	Fiscal Year 2022/2023		2023/2024		2024/2025		2025/2026
	Assessment*	 	Assessment*	 	Assessment*	  Projected Assessment* 

O  M For Single Family 42' Unit	$	229 72	$	229 60	$	229 49	$	229 45	
Debt For Single Family 42' Unit	$	606 00		$	606 00		 $	606 00		$	606 00	
Total For Single Family 42' Unit	$	835 72		$	835 60		$	835 49		$	835 45	
O  M For Single Family 52' Unit	$	229 72		$	229 60		$	229 49		$	229 45	
Debt For Single Family 52' Unit	$	779 00		$	779 00		$	779 00		$	779 00	
Total For Single Family 52' Unit	$	1,008 72		$	1,008 60		$	1,008 49		$	1,008 45	
O  M For Single Family 66' Unit	$	229 72		$	229 60		$	229 49		$	229 45	
Debt For Single Family 66' Unit	$	987 00		$	987 00		$	987 00		$	987 00	
Total For Single Family 66' Unit	$	1,216 72		$	1,216 60		$	1,216 49		$	1,216 45	

	Note	
* Assessments Include the Following :	One New Prepayer in 23/24 For 24/25
4% Discount for Early Payments	Single Family 66'
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: 2 Billed For Debt: 97