VERANDA COMMUNITY DEVELOPMENT
DISTRICT

CITY OF PORT ST. LUCIE REGULAR BOARD MEETING FEBRUARY 9, 2026
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
February 9, 2026
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 20, 2025 Regular Board Meeting Minutes…	Page 2
Old Business
New Business
Consider Resolution No. 2026-01 – Adopting a Fiscal Year 2026/2027 Proposed Budget…	Page 5
Administrative Matters
Board Member Comments
Adjourn

Publication Date 2026-01-30

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 February 9, 2026, 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 01/30/26 TCN12027833

VERANDA COMMUNITY DEVELOPMENT DISTRICT REGULAR BOARD MEETING
OCTOBER 20, 2025

CALL TO ORDER

The Regular Board Meeting of the Veranda Community Development District was called to order at 10:33 a.m. on October 20, 2025, 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, 2025, as legally required.

ESTABLISH A QUORUM

It was determined that the attendance of Supervisors Eliot Goldstein, Garrett Dinsmore, and Andrew Maxey 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 District Council Jonathan Johnson from Kutack Rock LLP, 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
July 14, 2025, Regular Board Meeting and Public Hearing

The July 14, 2025, Regular Board Meeting and Public Hearing Minutes were presented for approval.

A motion was then made by Mr. Dinsmore, seconded by Mr. Goldstein, and passed unanimously to approve the July 14, 2025, Regular Board Meeting and Public Hearing Minutes, as presented.

OLD BUSINESS

There was no Old Business.

Page 1 of 3

VERANDA COMMUNITY DEVELOPMENT DISTRICT REGULAR BOARD MEETING
OCTOBER 20, 2025

NEW BUSINESS

Consider Engineering RFQ Response

Mr. McElligott presented both responses to the Board. After a brief discussion, a motion was made by Mr. Dinsmore, seconded by Mr. Maxey, and passed unanimously to reject both submissions and keep the current district engineer.

Consider Resolution No. 2025-06 – Adopting a Fiscal Year 2024/2025 Amended Budget

Mr. McElligott presented Resolution No. 2025-06, entitled:

RESOLUTION NO. 2025-06

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE VERANDA COMMUNITY DEVELOPMENT DISTRICT AUTHORIZING AND ADOPTING AN AMENDED FINAL FISCAL YEAR 2024/2025 BUDGET (“AMENDED BUDGET”) PURSUANT TO CHAPTER 189, FLORIDA STATUTES; AND PROVIDING AN EFFECTIVE DATE.
After a brief discussion, a motion was made by Mr. Maxey, seconded by Mr. Goldstein, and passed
unanimously to adopt Resolution No. 2025-06, as presented.

Consider Resolution No. 2025-07 – Adopting Goals and Objectives Annual Report

Mr. McElligott presented Resolution No. 2025-07, entitled:
RESOLUTION NO. 2025-07
A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE VERANDA COMMUNITY DEVELOPMENT DISTRICT ADOPTING AN ANNUAL REPORT OF GOALS, OBJECTIVES, AND PERFORMANCE MEASURES AND STANDARDS; PROVIDING A SERVABILITY CLAUSE; AND PROVIDING AN EFFECTIVE DATE.

Mr. McElligott and Mr. Johnson explained that the Board adopted Goals & Objectives last year, and this is our annual review that will get posted to our website. Mr. McElligott went over that the CDD accomplished all the stated goals and objectives.

After a brief discussion among the Board, there was a motion by Mr. Maxey, with a second from Mr. Dinsmore, to approve resolution No. 2025-07 – Adopting Goals & Objectives Annual Report as presented. The motion carried 3-0.

VERANDA COMMUNITY DEVELOPMENT DISTRICT REGULAR BOARD MEETING
OCTOBER 20, 2025
AUDITOR SELECTION COMMITTEE

Ranking of Proposals/Consider Selection of an Auditor
Mr. McElligott presented the proposals received for Audit services. There was only one firm that sent in a proposal, Grau & Associates. The Board reviewed the proposal, and after a brief discussion, a motion was made by Mr. Maxey, seconded by Mr. Goldstein, to approve the Grau & Associates proposal. That motion passed 3-0.

ADMINISTRATIVE MATTERS

Mr. McElligott reminded the Board of the annual ethics training due by the end of the year.

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. Dinsmore, and passed unanimously to adjourn the meeting at 10:46 am.

ATTESTED BY:

Secretary/Assistant Secretary	Chairperson/Vice-Chair

RESOLUTION NO. 2026-01

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE VERANDA COMMUNITY DEVELOPMENT DISTRICT APPROVING A PROPOSED BUDGET FOR FISCAL YEAR 2026/2027; 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 2026/2027 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 2026/2027 attached hereto as Exhibit “A” is approved and adopted.

Section 2.	A Public Hearing is hereby scheduled for April 13, 2026 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 2026/2027 Budget.

PASSED, ADOPTED and EFFECTIVE this 9th day of February, 2026.

ATTEST:	VERANDA
COMMUNITY DEVELOPMENT DISTRICT

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

Veranda
Community Development District

Proposed Budget For Fiscal Year 2026/2027
October 1, 2026 - September 30, 2027

CONTENTS

PROPOSED BUDGET

DETAILED PROPOSED BUDGET

DETAILED PROPOSED DEBT SERVICE FUND BUDGET

ASSESSMENT COMPARISON

PROPOSED BUDGET
VERANDA COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

REVENUES	
FISCAL YEAR 2026/2027
BUDGET	
O & M Assessments	86,658	
Debt Assessments	297,214	
Other Revenue - Stormwater Fees	0	
Interest Income	1,320	
		
TOTAL REVENUES	$	385,192	
		
EXPENDITURES		
Supervisor Fees	0	
Payroll Taxes - Employer	0	
Engineering/Inspections	10,000	
Management	42,228	
Legal	9,500	
Assessment Roll	5,000	
Audit Fees	3,900	
Insurance	8,000	
Legal Advertisements	1,500	
Miscellaneous	700	
Postage	225	
Office Supplies	475	
Dues & Subscriptions	175	
Trustee Fee	3,500	
Continuing Disclosure Fee	500	
Miscellaneous Maintenance	2,000	
TOTAL EXPENDITURES	$	87,703	
		
REVENUES LESS EXPENDITURES	$	297,489	
		
Bond Payments	(279,381)	
		
BALANCE	$	18,108	
		
Tax Collector Fee	(7,527)	
Property Appraiser Fee	(7,527)	
Discounts For Early Payments	(15,054)	
		
EXCESS/ (SHORTFALL)	$	(12,000)	
		
Carryover Funds From Prior Year	12,000	
		
NET EXCESS/ (SHORTFALL)	$	-	

DETAILED PROPOSED BUDGET
VERANDA COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

REVENUES	

FISCAL YEAR 2024/2025
ACTUAL	

FISCAL YEAR 2025/2026
BUDGET	

FISCAL YEAR 2026/2027
BUDGET	

COMMENTS	
O & M Assessments	87,167	86,690	86,658	Expenditures Less Interest/Discounts & Fees	
Debt Assessments	298,201	297,214	297,214	Bond Payments/Discounts & Fees	
Other Revenue - Stormwater Fees	48,152	0	0		
Interest Income	17,759	1,200	1,320	Interest Projected At $110 Per Month	
					
TOTAL REVENUES	451,279	$	385,104	$	385,192		
					
EXPENDITURES					
Supervisor Fees	0	0	0		
Payroll Taxes - Employer	0	0	0		
Engineering/Inspections	22,833	10,000	10,000	No Change From 2025/2026 Budget	
Management	39,972	41,124	42,228	CPI Adjustment	
Legal	1,935	10,000	9,500	$500 Decrease From 2025/2026 Budget	
Assessment Roll	5,000	5,000	5,000	As Per Contract	
Audit Fees	4,000	4,100	3,900	Accepted Amount For 2025/2026 Audit	
Insurance	7,511	8,000	8,000	FY 2025/2026 Expenditure Was $7,269	
Legal Advertisements	1,487	1,300	1,500	$200 Increase From 2025/2026 Budget	
Miscellaneous	295	750	700	$50 Decrease From 2025/2026 Budget	
Postage	43	225	225	No Change From 2025/2026 Budget	
Office Supplies	227	500	475	$25 Decrease From 2025/2026 Budget	
Dues & Subscriptions	175	175	175	No Change From 2025/2026 Budget	
Trustee Fee	3,500	3,500	3,500	No Change From 2025/2026 Budget	
Continuing Disclosure Fee	350	500	500	No Change From 2025/2026 Budget	
Miscellaneous Maintenance	4,900	0	2,000	Drainage, Etc.	
TOTAL EXPENDITURES	92,228	$	85,174	$	87,703		
					
REVENUES LESS EXPENDITURES	359,051	$	299,930	$	297,489		
					
Bond Payments	(281,168)	(279,381)	(279,381)	2027 P & I Payments Less Earned Interest	
					
BALANCE	77,883	$	20,549	$	18,108		
					
Tax Collector Fee	(6,791)	(7,527)	(7,527)	Two Percent Of Total Assessment Roll	
Property Appraiser Fee	(7,699)	(7,527)	(7,527)	Two Percent Of Total Assessment Roll	
Discounts For Early Payments	(14,581)	(15,055)	(15,054)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	$	48,812	$	(9,560)	$	(12,000)		
					
Carryover Funds From Prior Year	0	9,560	12,000	Carryover Funds From Prior Year	
					
NET EXCESS/ (SHORTFALL)	$	48,812	$	-	$	-		

DETAILED PROPOSED DEBT SERVICE FUND BUDGET
VERANDA COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

REVENUES	

FISCAL YEAR

2024/2025

ACTUAL	

FISCAL YEAR

2025/2026

BUDGET	

FISCAL YEAR

2026/2027

BUDGET	

COMMENTS	

Interest Income	

18,000	

1,500	

1,750	

Projected Interest For 2026/2027	

NAV Tax Collection	

281,168	

279,381	

279,381	

Maximum Debt Service Collection	

Prepaid Bond Collection	

11,152	

0	

0		

Total Revenues	

$	310,320	

$	280,881	

$	281,131		

EXPENDITURES					

Principal Payments	

95,000	

105,000	

110,000	

Principal Payment Due In 2027	

Interest Payments	

182,731	

175,565	

170,813	

Interest Payments Due In 2027	

Bond Redemption	

10,000	

316	

318	

Estimated Excess Debt Collections	

Total Expenditures	

$	287,731	

$	280,881	

$	281,131		

Excess/ (Shortfall)	

$	22,589	

$	-	

$	-		

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 1/1/26 =	November 2045

$3,405,000		

Page 11

VERANDA COMMUNITY DEVELOPMENT DISTRICT ASSESSMENT COMPARISON

	Fiscal Year	Fiscal Year	Fiscal Year	Fiscal Year	
	2023/2024	2024/2025	2025/2026	2026/2027	
		Assessment*			Assessment*			Assessment*		  Projected Assessment* 	
O & M For Single Family 42' Unit	$	229.60	$	229.49	$	229.45	$	229.26	
Debt For Single Family 42' Unit	$	606.00	$	606.00	$	606.00	$	606.00	
Total For Single Family 42' Unit	
$	835.60	
$	835.49	
$	835.45	
$	835.26	
O & M For Single Family 52' Unit	$	229.60	$	229.49	$	229.45	$	229.26	
Debt For Single Family 52' Unit	$	779.00	 $	779.00	 $	779.00	 $	779.00	
Total For Single Family 52' Unit	$	1,008.60	$	1,008.49	$	1,008.45	$	1,008.26	
O & M For Single Family 66' Unit	$	229.60	$	229.49	$	229.45	$	229.26	
Debt For Single Family 66' Unit	$	987.00	$	987.00	$	987.00	$	987.00	
Total For Single Family 66' Unit	
$	1,216.60	
$	1,216.49	
$	1,216.45	
$	1,216.26	

* 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: 3 Billed For Debt: 96

IV