community development district agenda july...

CORY LAKES COMMUNITY DEVELOPMENT

DISTRICT

REGULAR MEETING

AGENDA

July 16, 2015

Cory Lakes Community Development District 2300 Glades Road, Suite 410W●Boca Raton, Florida 33431

Phone (561) 571-0010●Fax (561) 571-0013●Toll-free: (877) 276-0889 July 10, 2015 Board of Supervisors Cory Lakes Community Development District Dear Board Members: The Board of Supervisors of the Cory Lakes Community Development District will hold a Regular Meeting on Thursday, July 16, 2015 at 6:00 p.m., at the Cory Lake Beach Club, 10441 Cory Lakes Drive, Tampa, Florida 33647. The agenda is as follows: 1. Call to Order/Roll Call

2. Chairman’s Opening Comments 3. Public Comments on Agenda Items [3 minutes per speaker] 4. Approval of Minutes

A. June 11, 2015 Continued Meeting

B. June 18, 2015 Regular Meeting 5. Committee Reports

A. Landscape-Aquascape-Facilities

B. Security

C. Other 6. Discussion: Landscape Maintenance and Recent Review/Grading Report 7. Continued Discussion: Fiscal Year 2016 Proposed Budget 8. Discussion: Site Security Vulnerability Assessment 9. Other Business 10. Staff Reports

A. Facilities Manager

i. Facilities Activities Report: July 2015

ii. Consideration of Facilities Work Order: #2015-108

ATTENDEES:

Please identify yourself each

time you speak to facilitate

accurate transcription of

meeting minutes.

Board of Supervisors Cory Lakes Community Development District July 16, 2015, Regular Meeting Agenda Page 2

B. District Counsel

C. District Engineer

D. District Manager

i. Approval of Unaudited Financial Statements as of May 31, 2015

ii. UPCOMING MEETING DATES

August 20, 2015 at 6:00 P.M.

September 17, 2015 at 6:00 P.M. 11. Public Comments (non-agenda items) 12. Supervisors’ Requests 13. Adjournment Should you have any questions and/or concerns, please contact me directly at 239-464-7114. Sincerely, Chesley E. Adams, Jr. District Manager

FOR BOARD MEMBERS AND STAFF TO ATTEND BY TELEPHONE:

CALL IN NUMBER: 1-888-354-0094

CONFERENCE ID: 8593810

1

MINUTES OF MEETING 1 CORY LAKES 2

COMMUNITY DEVELOPMENT DISTRICT 3 4

A Continued Meeting of the Cory Lakes Community Development District’s Board of 5

Supervisors was held on Thursday, June 11, 2015 at 6:00 p.m., at the Cory Lake Beach Club, 6

10441 Cory Lake Drive, Tampa, Florida 33647. 7

8

Present at the meeting were: 9 10 Dr. A. Cyril Spiro Chair 11 Bob Woodards Assistant Secretary 12 Jorge Castillo Assistant Secretary 13 Baiju Sheth Assistant Secretary 14 15 Also present were: 16 17 Chuck Adams District Manager 18 Rich Carpenter Resident, LAF Committee Member 19

Carrie Bercan Evergreen Lifestyle Events 20 21 22 FIRST ORDER OF BUSINESS Call to Order/Roll Call 23 24 Dr. Spiro called the meeting to order at 6:00 p.m. Supervisors Spiro, Sheth, Woodards 25

and Castillo were present, in person. Supervisor Hepscher was not present. 26

Chair’s Remarks 27

***This was an addition to the agenda.*** 28

Dr. Spiro reported an issue with the security camera system for viewing license plates 29

and driver’s licenses; the repair cost approximately $1,000. He noted that it was not a budgeted 30

line item; therefore, he considered it an emergency and approved the repair. 31

Dr. Spiro pointed out that at the Sunshine Board meeting, there was a suggestion to 32

accept a proposal in the amount of $16,000 for an 8’ high wrought iron fence; prior to this 33

meeting, Dr. Spiro directed staff to install the fence. 34

In response to a question from Mr. Woodards, Dr. Spiro indicated that the fence was 35

installed for aesthetic purposes, from the entrance to Morris Bridge Road to behind the 36

guardhouse. Mr. Woodards questioned the reason for the fence. Dr. Spiro indicated that there 37

was a unanimous vote to install a chain-link fence but, when driving into the community, Dr. 38

CORY LAKES CDD June 11, 2015

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Spiro observed a chain-link fence at the entrance and felt that it gave the impression of a “prison-39

like” environment, which was why he made the decision to have the iron fence installed. He 40

further pointed out Ms. Hepscher felt the same way, at the time of the motion in the prior Board 41

meeting, that the iron fence was a better option, which Dr. Spiro agreed with. 42

43

SECOND ORDER OF BUSINESS Public Comments on Agenda Items [3 44 minutes per speaker] 45

46 There being no public comments, the next item followed. 47

48

THIRD ORDER OF BUSINESS Consideration of Resolution 2015-6, 49 Approving the District’s Proposed Budget 50 for Fiscal Year 2015/2016 and Setting a 51 Public Hearing Thereon Pursuant to 52 Florida Law; Addressing Transmittal, 53 Posting and Publication Requirements; 54 and Providing An Effective Date 55

56 Dr. Spiro reported that, for Fiscal Year 2015, the operations budget was reduced to match 57

the amount paid by Capri Isle residents; for Fiscal Year 2016, the budget will increase by 58

approximately $140,000. He indicated that this was the start of the budget process, including 59

approving the proposed budget, which the Board and residents can discuss over the next two 60

months, before adoption of the final budget in August. 61

Mr. Adams stated that, by June 15, each year, Management is required to provide a 62

proposed budget, for approval for the purpose of setting a public hearing, to be held no less than 63

60 days from today’s date. 64

Mr. Adams pointed out that adjustments were made, based on year-to-date actuals from 65

the current year’s budget and projections for the remainder of Fiscal Year 2015. 66

Recommendations from the Landscape/Aquascape/Facilities (LAF) Committee were also 67

included. He noted that this was the first draft of the budget, which sets high assessment levels; 68

it can be revised up to the public hearing. 69

Dr. Spiro asked if the proposed budget reflected the worst case scenario. Mr. Adams 70

replied affirmatively. 71

Dr. Spiro reported that the Finance Committee met today and reviewed the proposed 72

budget extensively. He alluded that the committee thought that the proposed budget increased 73


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by $140,000 over Fiscal Year 2015 budget and perceived the proposed budget as $240,000 more. 74

As a result, the committee analyzed every line item and discovered $319,000 that could be 75

removed, without serious consequences to the community. He recalled that Mr. Adams 76

recommended having budget discussions at next week’s meeting, as the presentation of the 77

proposed budget was a formality. Dr. Spiro reminded the Board that the committee only 78

reviewed the operations budget, which included one capital item, fitness equipment, while the 79

LAF Committee recommended several capital improvement items, totaling $500,000. 80

Dr. Spiro advised that, with the Fiscal Year 2016 proposed budget exceeding $140,000 81

over the Fiscal Year 2015 budget Capri Isle cannot increase but everyone else will. Mr. Castillo 82

questioned why. Dr. Spiro explained that the stipulation between Kolter and the District was that 83

Capri Isle would max their operation and maintenance (O&M) assessment at $1,954, which 84

would total $1.8 million, after seven years, and a commitment was made to keep everyone at 85

$1,954, which was reflected in the Fiscal Year 2015 budget. Dr. Spiro noted that the pool and 86

tennis courts capital expenses were included under a special assessment, which was imposed 87

across the board and included Capri Isle. Dr. Spiro stated that, if this budget was decreased from 88

$2 million to $1.8 million, all owners would pay the same assessment but, with a budget under 89

$1.8 million, capital expenses could be included in the budget without issuing a special 90

assessment. 91

Dr. Spiro reported that the proposed budget takes into account Mr. James’ 92

recommendations, including reductions in irrigation repair and additional line items, which were 93

also recommended by the LAF Committee. 94

Mr. Woodards asked if the reduction of $15,000 in “Field manager” was a 95

recommendation. Dr. Spiro indicated that this recommendation was made by Mr. James, who 96

was aware that his salary was above average and was satisfied decreasing his salary from 97

$75,000 to $60,000. Mr. Woodards pointed out that this was a 20% reduction and appreciated 98

Mr. James’ recommendation. Mr. Woodards believed that Mr. James’ tasks were not more than 99

what other communities provide. Mr. Adams agreed. Dr. Spiro noted that there was no clear 100

payment structure for Ms. Bercan’s salary. 101

Dr. Spiro recommended removal of “Supervisors” fees from the proposed budget. 102

Mr. Adams requested that the Board review the CDD’s proposed budget and the Finance 103

Committee’s recommendations prior to next Thursday’s meeting. He hoped to have an operating 104


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budget that the Board and Staff were comfortable with and then discuss how to strategically 105

address assessments so that the Board has a good sense of the assessments, going into the July 106

meeting. 107

Mr. Adams presented Resolution 2015-6, for the Board’s consideration. He explained 108

that the resolution approves the proposed budget, sets the public hearing for August 20, 2015 at 109

6:00 p.m., at this location, directs staff to post the budget on the District’s website and transmit it 110

to the City of Tampa and Hillsborough County, for posting on their websites. 111

112

On MOTION by Dr. Spiro and seconded by Mr. Woodards, 113 with all in favor, Resolution 2015-6, Approving the District’s 114 Proposed Budget for Fiscal Year 2015/2016 and Setting a 115 Public Hearing Thereon, Pursuant to Florida Law, for August 116 20, 2015, at 6:00 p.m., at this location, was adopted. 117

118 119 FOURTH ORDER OF BUSINESS Status of Audited Financial Report 120 121 Mr. Adams reported that the process of extracting the accounting files from Development 122

Planning and Financing Group (DPFG) has been a long process; the majority of documents were 123

transmitted but some key components, such as the 2014 and 2015 vendor paid invoice files, were 124

still missing. He pointed out that some were provided through a “drop box” system, as 125

individual files, and staff is currently downloading hundreds of individual files. 126

Regarding the audit, Mr. Adams indicated that at least 50 open items must be discussed 127

with the auditor. Staff is familiar with the auditing firm and anticipated completion of the audit 128

by June 30, which is the deadline to submit the audit to the Auditor General; however, the Board 129

may not receive the audit until the July meeting. 130

Mr. Adams pointed out that the administrative files were received and are being scanned. 131

Management is in a better position than 30 days ago. 132

133

FIFTH ORDER OF BUSINESS Discussion: Primrose School Land 134 Acquisition Interest 135

136 This item was tabled until the next meeting. 137

Discussion: Agenda Packages 138

***This item was an addition to the agenda.*** 139


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Mr. Adams reported that the June 18, 2015 agenda is being prepared and will be mailed 140

tomorrow; future agenda packages will be mailed directly to Supervisors homes and emailed no 141

later than the Friday before the meeting. 142

143

SIXTH ORDER OF BUSINESS Discussion: Damaged Tire and Wheel 144 Incident 145

146 Mr. Adams reported an incident with an intentionally propped up brick. Several photos 147

were submitted. The first photo showed the result of a BMW with custom replica M-5 rims 148

running over the brick. Mr. Adams reviewed the invoice and the follow-up email from the 149

Jeffersons, indicating that the rims were custom and any less than a set of four cannot be 150

purchased; one used rim could be purchased on Ebay or Craigslist. Mr. Adams pointed out that 151

the Jeffersons want to be made whole with a matching set of custom rims. 152

Mr. Woodards suggested selling the other three rims. Mr. Adams recommended that the 153

District receive the other three rims and sell them on Ebay to absorb some of the cost of 154

purchasing four rims. 155

Mr. Adams stated that the Jeffersons want to replace all four tires but he recommended 156

replacing one tire, since only one tire was damaged, purchasing four rims and paying for a mount 157

and balance for four tires, all of which is subject to receiving the rims prior to providing 158

reimbursement. 159

Dr. Spiro asked if the brick paver went through the tire into the rim. Mr. Adams replied 160

affirmatively and pointed out that the paver was propped up in the direction that a tire traverses a 161

ramp, which help felt was a red flag of suspicion. 162

Mr. Carpenter stated that he owns a BMW and all four tires must be replaced, due to the 163

tread difference. 164

Ms. Bercan noted that Ms. Hepscher noticed the commotion and assisted the police. 165

Dr. Spiro asked if the pavers should be more secure. Mr. Adams replied no, pavers could 166

be re-sanded in a driveway but not in a roadway. Dr. Spiro questioned whether insurance will 167

cover the damage. Mr. Adams indicated that the deductible was higher than the amount of the 168

claim. 169

Mr. Adams reported that this expenditure would be paid out of the “Paver, streets and 170

sidewalk repairs” line item. 171


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Discussion ensued regarding the number of tires to be purchased. Mr. Castillo preferred 172

to purchase one tire, as the Board was going “above and beyond” to purchase four rims. 173

174

On MOTION by Mr. Castillo and seconded by Mr. Sheth, with 175 all in favor, the estimate from Mr. John Jefferson for a tire and 176 four chrome rims, due to damage incurred by a propped paver 177 brick in front of 10726 Cory Lake Drive, less the cost of three 178 tires, was approved. 179

180 181 Mr. Woodards suggested prorating the reimbursement based on the condition of the tire 182

prior to hitting the propped brick. Ms. Bercan confirmed that the tires were ten days old. Mr. 183

Adams believed that Mr. Jefferson purchased the first set of tires on May 23, 2015, which was 184

the date of the estimate provided to the District. 185

Mr. Adams requested that the motion be amended to include the stipulation that the 186

District will provide reimbursement after receiving the three existing rims. 187

188

On MOTION by Mr. Castillo and seconded by Mr. Sheth, with 189 all in favor, amendment of the prior motion to include the 190 District providing reimbursement after receiving the 191 remaining three chrome rims, was approved. 192

193 194 SEVENTH ORDER OF BUSINESS UPCOMING MEETING DATES 195 196

June 18, 2015 at 6:00 P.M. 197

July 16, 2015 at 6:00 P.M. 198

August 20, 2015 at 6:00 P.M. 199

September 17, 2015 at 6:00 P.M. 200

Dr. Spiro advised of the future meetings. 201

202

EIGHTH ORDER OF BUSINESS Public Comments (non-agenda items) 203 204 Mr. Carpenter recommended that the Board reconsider lowering Mr. James’ salary to 205

$60,000, as he believed that Mr. James works long hours, takes no vacation days and is an asset 206

to the community. 207


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NINTH ORDER OF BUSINESS Supervisors’ Requests 208 209

There being no Supervisors’ requests, the next item followed. 210

211

TENTH ORDER OF BUSINESS Adjournment 212 213 There being no further business to discuss, the meeting adjourned. 214

215

[SIGNATURES APPEAR ON THE FOLLOWING PAGE] 216

217 218

219


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220 221 222 223 224 225 226 ___________________________ ____________________________ 227 Secretary/Assistant Secretary Chair/Vice Chair 228

229 230

1

MINUTES OF MEETING 1 CORY LAKES 2

COMMUNITY DEVELOPMENT DISTRICT 3 4

A Regular Meeting of the Cory Lakes Community Development District’s Board of 5

Supervisors was held on Thursday, June 18, 2015 at 6:00 p.m., at the Cory Lake Beach Club, 6

10441 Cory Lake Drive, Tampa, Florida 33647. 7

8

Present at the meeting were: 9 10 Dr. A. Cyril Spiro Chair 11 Joyce Hepscher Vice Chair 12 Jorge Castillo Assistant Secretary 13 Baiju Sheth Assistant Secretary 14 15 Also present were: 16 17 Chuck Adams District Manager 18 Vivek Babbar District Counsel 19 Tanja Stewart District Engineer 20 Frank James Facilities Manager 21

Carrie Bercan Evergreen Lifestyle Events 22 Rich Carpenter Resident, LAF Committee Member 23 David Burman Security Committee 24 Christina Jefferson Non-Resident 25 26 27

FIRST ORDER OF BUSINESS Call to Order/Roll Call 28 29 Mr. Adams called the meeting to order at 6:00 p.m., and noted, for the record, that 30

Supervisors Spiro, Sheth, Hepscher and Castillo were present, in person. Supervisor Woodards 31

was not present. 32

33

SECOND ORDER OF BUSINESS Chairman’s Opening Comments 34 35 Dr. Spiro reported that he signed a check for a water invoice, which caused this line item 36

to exceed the budget by $5,700 and suggested increasing the water line item for the next fiscal 37

year. 38

Dr. Spiro requested discussion, today, regarding consideration of a policy for family 39

access to the pool. 40


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THIRD ORDER OF BUSINESS Public Comments on Agenda Items [3 41 minutes per speaker] 42

43 Mr. David Burman, a resident and member of the Security Committee, addressed lights 44

and muddy water. 45

Dr. Spiro indicated that the lake was treated by the new lake maintenance company, 46

LakeMasters Aquatic Weed Control, Inc. (LakeMasters). Mr. James reported that LakeMasters 47

was on site today treating the lake with Sonar. LakeMasters advised that the lake would look 48

worse before it improved. 49

Mr. Burman requested clarification of the towing process, as signs are posted. Mr. 50

Burman noted that, according to the rules, security will first tag a vehicle parked in the street, 51

during hours that are not acceptable, and then tow. Mr. Burman asked if the same process was 52

being followed for vehicles blocking sidewalks. Ms. Hepscher recalled that the District was not 53

towing off of streets, only at blocked sidewalks. 54

In response to Dr. Spiro’s question, Mr. Burman indicated that the Board’s current policy 55

was to tag vehicles once, as a warning, and tow after the second violation. Dr. Spiro requested 56

tabling this matter until further information was obtained. 57

Mr. Burman reported residents driving on the grass, which is prohibited but not a rule or 58

policy in the Post Orders; he requested that the Board grant security permission to tell residents 59

not to drive on the grass. Dr. Spiro pointed out that the Board allowed parking on the grass for 60

events and believed that there was a policy in the Post Orders. Ms. Bercan did not recall any 61

written policy and pointed out that parking on the grass was always permitted. Dr. Spiro noted 62

that this matter is addressed later in the agenda. 63

A resident questioned the status of the fencing by Morris Bridge. Mr. James indicated 64

that the fence will be installed when the contractor is paid 50% of the total amount; the check 65

was not cut because the estimate was for Mr. James and not the CDD. The invoice is being 66

corrected. 67

The resident asked when the pool would reopen. Mr. James replied tomorrow. 68

69

FOURTH ORDER OF BUSINESS Approval of Minutes 70 71 A. May 21, 2015 Regular Meeting 72

B. June 1, 2015 Security Committee Meeting 73


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C. June 9, 2015 LAF Committee Meeting 74

D. June 11, 2015 Finance Committee Meeting 75

Dr. Spiro presented the May 21 Regular Meeting, June 1 Security Committee Meeting, 76

June 9 LAF Committee Meeting and June 11, 2015 Finance Committee Meeting Minutes and 77

asked for any additions, deletions or corrections. 78

79

On MOTION by Dr. Spiro and seconded by Ms. Hepscher, 80 with all in favor, the May 21, 2015 Regular Meeting, June 1, 81 2015 Security Committee Meeting, June 9, 2015 LAF 82 Committee Meeting and June 11, 2015 Finance Committee 83 Meeting Minutes, as presented, were approved. 84

85 86 FIFTH ORDER OF BUSINESS Committee Reports 87

88 A. Landscape-Aquascape-Facilities 89

Mr. Carpenter had nothing to report. 90

B. Security 91

i. Budget Recommendation 92

The security budget will be discussed during the Sixth Order of Business. 93

Ms. Hepscher asked why the Board no longer received detailed monthly reports of every 94

security call. Mr. Burman replied “we do not know where to send them”. Dr. Spiro directed Mr. 95

Burman to send the reports to Management. 96

C. Other 97

Dr. Spiro reported that the Finance Committee minutes had one correction. 98

99

SIXTH ORDER OF BUSINESS Continued Discussion: Fiscal Year 2016 100 Budget 101

102 Dr. Spiro suggested addressing the operations budget at this meeting and the capital items 103

at the July 16, 2015 meeting. 104

Dr. Spiro reported that line items totaling $319,067 were deemed non-essential by the 105

Finance Committee. According to the Finance Committee, based on the current proposed 106

budget, $120,000 must be deducted, in order for all homes to pay the same assessment; anything 107


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beyond $120,000 would be available for capital expenses. If the budget is $120,000 less, 108

additional capital expenses would be funded through a special assessment. 109

Dr. Spiro reported the recommendations of the Finance Committee: 110

1. Increase “Water, sewer & irrigation” from $13,000 to $15,000 111

2. Decrease “Security staffing contract services” from $274,500 to $230,000 112

Dr. Spiro addressed a discrepancy in the “Security staffing contract services” line item; 113

$274,500 was budgeted in Fiscal Year 2015 and Fiscal Year 2016 but US Security proposed 114

$296,000 for security services for Fiscal Year 2016. 115

Mr. Burman explained that the District may have spent $274,500 but the estimate from 116

US Security was higher. Dr. Spiro recommended a reduction, due to reduced guard presence, by 117

utilizing the electronic guard. 118

Mr. Adams will contact US Security to discuss the reduced amount and obtain a 119

breakdown of security services. 120

Discussion: Damaged Tire and Wheel Incident 121

***This item was an addition to the agenda.*** 122

Ms. Christina Jefferson requested that the Board reconsider this matter, as the new rims 123

are wider than the existing tires; therefore, all four tires must be replaced. 124

Dr. Spiro pointed out that their roads are public and the Board was reimbursing Ms. 125

Jefferson as a courtesy. Mr. Adams noted that the roads are public in the sense that the CDD 126

owns the roads and is a public entity but the City of Tampa does not have any responsibility 127

because the community is gated and considers the roads to be private. 128

Mr. Castillo suggested submitting a claim to the District’s insurance company. Mr. 129

Adams indicated that the deductible was higher than the amount of the claim. Mr. Castillo 130

voiced his opinion about this becoming a repeated offense. 131

Mr. Adams requested, as part of the motion, that the resident submit a paid invoice. 132

Ms. Hepscher pointed out that Ms. Jefferson was not a resident. 133

134

135

136

137


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On MOTION by Dr. Spiro and seconded by Ms. Hepscher, 138 with all in favor, authorization to reimburse the Jeffersons at 139 20706 Whitewood Way, for replacement of four chrome rims 140 and four tires, in a not-to-exceed amount of $2,069.38, due to 141 damage incurred on May 31, 2015 at 10726 Cory Lake Drive, 142 after receiving all existing chrome rims and tires and a paid 143 invoice, was approved. 144

145 146 Mr. Adams will coordinate with Mr. James to sell the remaining rims on Craigslist. 147

Continued Discussion: Fiscal Year 2016 Budget 148

Discussion of the Fiscal Year 2016 budget resumed. 149

Dr. Spiro continued with the Finance Committee’s recommendations: 150

3. Eliminate “Community Events Coordinator”, adding $30,000 for “Events” and 151

hiring an outside events coordinator to coordinate four large events per year 152

Mr. Castillo questioned if $49,992 budgeted for “Community Events Coordinator” 153

covered the website and all events. Dr. Spiro indicated that the website was included with the 154

contract and, for $1,000 per year, Management will oversee the website. Mr. Adams estimated 155

that the website would cost less than $1,000. 156

Ms. Hepscher voiced concern about residents losing activities. Mr. Castillo suggested 157

eliminating the events with the least amount of attendees. Ms. Hepscher suggested utilizing 158

current pool staff to handle events. 159

4. Decrease “Pool and beach club attendants” by $15,000 160

Discussion ensued regarding coverage of the pool and Beach Club. 161

Mr. Castillo preferred to have an attendant on weekends for bar code issues. 162

Ms. Bercan explained that the purpose of the current schedule was to have coverage after 163

10:00 a.m., Monday through Thursday, when the facility is busy, to clean bathrooms and 164

reinforce rules. One attendant was hired primarily to power wash and paint the facility. Dr. 165

Spiro indicated that the attendants cannot act as lifeguards. 166

Ms. Hepscher asked if attendants were primarily on staff June through August, when 167

school was out. Ms. Bercan indicated that the attendants work from 9:00 a.m., to 9:00 p.m., 168

seven days per week, when school is out, and from 4:00 p.m., until close, when school is in 169

session. 170


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Based on coverage of the pool and Beach Club two nights per week and four hours on the 171

weekend, the “Pool and beach club attendants” line item will decrease by $11,000. 172

5. Decrease “Paver, streets and sidewalk repairs” by $25,000 173

Dr. Spiro pointed out that reserve funds are available for street repairs. 174

6. Decrease “Seasonal decorations” from $35,000 to $17,000 175

Dr. Spiro advised that the Finance Committee felt that $17,000 was adequate for rental 176

and installation of Christmas lights at both entrances, street lights entering the community and 177

the clubhouse. 178

Ms. Hepscher recalled a suggestion to contact TECO about installing a temporary power 179

outlet. Mr. Carpenter indicated that only 20 amps were currently available, which was not 180

adequate to power all of the lights; the idea was for TECO to install a temporary pole and meter. 181

A suggestion was made to install LED lights, which have lower amperage but are more 182

expensive. 183

Ms. Hepscher suggested budgeting funds to pay TECO for a permanent power source. 184

Dr. Spiro indicated that this is a capital expense and would be discussed at the next meeting. 185

Ms. Hepscher asked if $17,000 covered the purchase of lights. Mr. Carpenter stated that 186

some lights will be purchased along with decorations. There was consensus from the Board to 187

reduce “Seasonal decorations” from $35,000 to $17,000. 188

7. Eliminate “Supervisors” compensation 189

Dr. Spiro supported eliminating Supervisors’ fees. 190

Mr. Castillo was opposed to eliminating Supervisors’ fees, as he felt the Supervisors were 191

giving up their time to serve on the Board and the fees are an incentive for future residents to 192

serve on the Board. 193

Ms. Hepscher was indifferent. 194

Dr. Spiro noted that each Supervisor can determine whether they want to receive the 195

Supervisors’ fee. 196

In response to Ms. Hepscher’s question, Mr. Adams indicated that, by statute, each 197

Supervisor receives $200 per meeting, up to $4,800 per year. 198

Dr. Spiro suggested reducing “Supervisors” by $3,000 to cover Supervisor’s fees for all 199

Supervisors for one meeting per month and will not receive compensation for additional 200

meetings. There was consensus from the Board. 201


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“Supervisors” will be reduced from $15,000 to $12,000. 202

8. Decrease “Field Manager” from $75,000 to $60,000 203

Dr. Spiro pointed out that Mr. James offered to take a salary reduction. 204

Ms. Hepscher appreciated Mr. James’ offer but did not want to decrease his salary. Mr. 205

Castillo agreed, as he felt other line items could be reduced. 206

Mr. Sheth was against reducing Mr. James’ salary, due to ongoing increases in his 207

workload. 208

Ms. Hepscher recommended keeping “Field Manager” at $75,000 and not providing 209

annual raises. There was consensus from the Board. 210

9. Eliminate “Security staffing contract services-other” 211

Dr. Spiro indicated that alternative methods were being examined, thereby eliminating 212

the police presence; if police services were needed, reserve funds could be used. 213

Mr. Castillo recommended adding a line item for radar equipment. Dr. Spiro stated that 214

this would be a capital expense and will be discussed at the next meeting. 215

Discussion ensued regarding the effectiveness of radar signs. Mr. James was working on 216

a data report for the Board. 217

Ms. Hepscher suggested posting a speed limit sign on the same pole as the radar sign. 218

Mr. James will move an existing speed limit sign and post the speed limit under the radar sign. 219

Discussion ensued regarding the need for police presence. 220

Ms. Hepscher voiced concern about speeding and suggested reducing the amount 221

budgeted instead of eliminating this line item. Dr. Spiro noted that there was no speeding when 222

police were present but speeding commences after the police depart. 223

There was consensus from the Board to decrease “Security staffing contract services-224

other” from $16,000 to $8,000. 225

10. Decrease “Tree removal and replacement” by $15,000 226

Mr. Castillo wondered why so many trees were dying. 227

Dr. Spiro pointed out that $10,000 was budgeted in Fiscal Year 2015 and only $8,000 228

was spent. 229

Ms. Bercan noted a line item for “Plant and tree replacement”, which may be a 230

typographical error. Mr. Adams will remove the word “tree” from this line item. 231


8

There was consensus from the Board to decrease “Tree removal and replacement” by 232

$15,000. 233

Dr. Spiro reported that the Finance Committee did not address “Plant and tree 234

replacement” and “Annuals & seasonal plant installation”. 235

Mr. Carpenter explained that the increase of “Plant and tree replacement” from $40,000 236

to $50,000 was requested by Mr. James, as $40,000 was spent through March, 2015. 237

Dr. Spiro indicated that “Annuals & seasonal plant installation” increased from $9,000 to 238

$14,000, due to increasing the number of annual replacements from three to four; he felt that 239

three annual replacements were sufficient. 240

There was consensus from the Board to decrease “Annuals & seasonal plant installation” 241

from $14,000 to $9,000. 242

Discussion ensued regarding the increase of plant and tree replacements. 243

Mr. Carpenter noted that $40,000 was typical but there were savings by relocating plants. 244

Mr. Castillo suggested moving some plants and trees from Morris Bridge to the fence. 245

Dr. Spiro requested a breakdown of the number of plant replacements, the location for the 246

replantings and the cost. 247

Mr. Castillo suggested speaking to Landscape Maintenance Professionals (LMP) about 248

plant replacements and doing a better job of trimming plants and trees. Dr. Spiro requested that 249

the discussion of landscaping be included on the August agenda. 250

There was consensus from the Board to decrease “Plant and tree replacement” from 251

$50,000 to $40,000. 252

11. Eliminate “Inspection services” 253

Dr. Spiro indicated that OLM, Inc. (OLM) is paid $12,000 per year to ensure that 254

Landscape Maintenance Professionals (LMP) performed properly. OLM provides a report and 255

score; if the score is 90% or better, LMP receives full payment. Dr. Spiro noted that LMP never 256

received a score below 90%. 257

Mr. Carpenter clarified that LMP received a low score last year and had two weeks to 258

correct the deficiencies, which they did. 259

Dr. Spiro pointed out that the Finance Committee recommended terminating OLM and 260

tasking Mr. James with monitoring LMP. If LMP fails to perform adequately, the contract has a 261

30-day termination clause. 262


9

Mr. Adams recommended that the Board document elimination of “Inspection services” 263

from the budget, to justify why OLM was terminated and to keep LMP up to the current 264

standard. 265

In response to Ms. Hepscher’s question, Mr. Adams advised that OLM is well known in 266

this area and many Districts utilize on-site field management to provide inspection services. Mr. 267

James concurred that he could perform inspections. 268

There was consensus from the Board to eliminate “Inspection services” and terminate 269

OLM, effective September 30, 2015. 270

12. Eliminate “Pool janitorial services” 271

Dr. Spiro indicated that pool janitorial services were paid from another line item. 272

Ms. Bercan pointed out that, if pool attendants were eliminated, janitorial services would 273

be necessary. Ms. Hepscher recalled that the Board decided to keep the pool attendants. Dr. 274

Spiro noted that the District has a janitorial service. 275

There was consensus from the Board to eliminate “Pool janitorial services”. 276

13. Decrease “Pressure washing” by $10,000 277

Dr. Spiro commented that the pressure washing looked good long enough for the Board 278

to approve it and then there were streaks; another pressure washing company was hired to 279

complete the job. 280

In response to Mr. Castillo’s question, Mr. James indicated that pressure washing was 281

planned for Morris Bridge, Cross Creek, Beach Club and the guardhouse during Fiscal Year 282

2016; the contractor will charge $20,000 per year, if the District enters into a three or four-year 283

contract. Mr. Castillo asked how often pressure washing is completed. Mr. James indicated that 284

the community was only pressure washed once. Dr. Spiro believed that pressure washing was 285

required once, every three years. 286

Ms. Hepscher asked if Mr. James received other estimates. Mr. James indicated that 287

other estimates were more. 288

Dr. Spiro estimated that two guardhouses should not cost more than $1,200. Mr. James 289

noted the bricks along the guardhouse area. 290

There was consensus from the Board to decrease “Pressure washing” from $30,000 to 291

$15,000. 292

14. Decrease “Legal” from $15,000 to $8,000 293


10

Dr. Spiro indicated “Legal” covers the cost of District Counsel attending meetings; 294

however, there was no clear delineation of what was included. He suggested that District 295

Counsel not attend meetings or attend by phone. 296

Ms. Hepscher voiced concern about whether CDD Board Members can be sued by 297

residents, as HOA Board Members were being sued by residents. Mr. Babbar advised that Board 298

Members were protected by sovereign immunity, which caps liability at $200,000. Dr. Spiro 299

noted that Board Members cannot personally be sued because the Board is representing a 300

government entity. 301

Mr. Babbar pointed out that the District was charged a fixed rate of $15,000 and charges 302

over and above, such as a claim for a broken sewer line, were additional. He advised that 303

$15,000 equated to $1,250 per month, which included attending meetings, preparing resolutions 304

and contract work. Mr. Babbar estimated that other Districts of this size pay an hourly rate and 305

incur costs of $18,000 to $25,000 per year. 306

Mr. Adams advised that this District is in a maintenance phase and between $10,000 and 307

$15,000 per year was the average; having an attorney attend all meetings was not a requirement. 308

He noted that litigation is usually handled by the District’s insurance company. 309

Mr. Adams suggested having District Counsel attend every other meeting and convert to 310

an hourly rate. 311

Discussion ensued regarding whether to pay District Counsel a fixed or hourly fee. 312

There was consensus from the Board to decrease “Legal” from $15,000 to $10,000, pay 313

an hourly fee, effective October 1, 2015 and have District Counsel attend meetings at the call of 314

the Board. 315

Mr. Babbar will provide an hourly fee contract. 316

15. Decrease “Streetlights” by $5,000 317

Dr. Spiro recalled that the District negotiated with TECO to reduce the cost of streetlight 318

rental by $5,000. Mr. James clarified that Bright House offered a $5,000 reduction but not 319

TECO. 320

Dr. Spiro requested that the $5,000 decrease be reflected under the “Communication” line 321

item. 322

16. Eliminate “Security operations - special events and safety” 323

Dr. Spiro reported that no special events were planned. 324


11

Mr. Burman recalled that this item was included on the US Security bill. 325

There was consensus from the Board to eliminate “Security operations - special events 326

and safety”. 327

17. Decrease “Sod replacement” by $5,000 328

Dr. Spiro indicated that Mr. James recommended reducing this line item. 329

There was consensus from the Board to decrease “Sod replacement” by $5,000. 330

18. Decrease “Irrigation - maintenance” by $2,500 331


Ms. Hepscher questioned the difference between irrigation maintenance and irrigation 333

repair. Dr. Spiro felt that there was no difference and suggested adding $2,500 to “Irrigation – 334

maintenance” and eliminating “Irrigation/repair for select areas”. Mr. Adams agreed. 335

There was consensus from the Board to increase “Irrigation - maintenance” by $2,500 336

and eliminate “Irrigation/repair for select areas”. 337

19. Decrease “Security gate maintenance & repair” by $4,500 338

Mr. Castillo asked if the reduction was based on year-to-date expenditures. Mr. James 339

replied affirmatively. 340

There was consensus from the Board to decrease “Security gate maintenance & repair” 341

by $4,500. 342

20. Decrease “Security gate maintenance & repair - other” by $2,500 343


Ms. Hepscher pointed out that Cachet’s gate should be added as a special assessment to 345

the Cachet community. 346

There was consensus from the Board to decrease “Security gate maintenance & repair - 347

other” by $2,500. 348

21. Decrease “Clean & repair monument lanterns” by $5,000 349

Dr. Spiro indicated that Mr. James recommended reducing this line item, as the 350

monuments were cleaned this year. 351

There was consensus from the Board to decrease “Clean & repair monument lanterns” by 352

$5,000. 353

Ms. Hepscher questioned “Street repair”. Dr. Spiro reiterated that the Board decided to 354

reduce this line item by $25,000, as street repairs were included in the reserves. 355


12

22. Decrease “Commercial window cleaning and janitorial” by $2,500 356


In response to Mr. Castillo’s question, Mr. James advised that guardhouse windows and 358

the Beach Club building windows are washed once per year. 359

There was consensus from the Board to decrease “Commercial window cleaning and 360

janitorial” by $2,500. 361

23. Eliminate “Pool contingency” 362

Dr. Spiro reported that this line item was included as a contingency and no funds were 363

spent. 364

Ms. Bercan pointed out that $1,500 was spent for either the card readers or camera 365

system. 366

Ms. Hepscher asked if there was a line item for cameras. Dr. Spiro replied no and 367

recommended adding a “Security contingency” line item and budgeting $5,000. 368

Mr. Castillo asked if there was a line item for pool furniture, as there was wear and tear 369

on the pool furniture. Ms. Bercan stated that there was a line item for the maintenance and repair 370

of recreation equipment. Dr. Spiro noted $20,000 budgeted under “Recreation equipment 371

maintenance & repair” and $5,000 was spent. Ms. Hepscher asked if gym equipment was 372

included. Ms. Bercan replied affirmatively and noted that the chair cushions were paid from this 373

line item. 374

Dr. Spiro recommended reducing “Pool contingency” to $2,500 and renaming “Security 375

technology”. 376

Mr. Adams asked if “Security gate maintenance & repair” should be increased from 377

$7,500 to $10,000. Dr. Spiro replied affirmatively. 378

There was consensus from the Board to decrease “Pool contingency” by $2,500 and 379

renaming “Security technology repair/camera”. 380

24. Decrease “Beach sand” by $2,000 381


Ms. Hepscher asked when beach sand was last purchased. Mr. James advised that a large 383

amount of sand was purchased last year; no sand was necessary this year. 384

There was consensus from the Board to decrease “Beach sand” by $2,000. 385

25. Eliminate “Food service plans” 386


13

Ms. Bercan reported that this was a one-time charge for the permit. 387

Ms. Hepscher asked if food permits were necessary. Ms. Stewart indicated that an 388

operational permit was necessary to sell simple foods. Ms. Hepscher recalled the Board 389

discussing prepackaged foods. Ms. Bercan stated that it was deemed a café with no seating. 390

There was consensus from the Board to eliminate “Food service plans”. 391

26. Eliminate “Pool permit” 392

Mr. Adams advised that a yearly Health Department permit was required. 393

Mr. Adams reported that, with the changes, the assessment amount decreased to 394

$1,878.39; the cap is $1,925. Ms. Hepscher asked if this included the “Community Events 395

Coordinator”. Mr. Adams replied affirmatively. Dr. Spiro questioned the total amount available 396

for capital items. Mr. Adams indicated that approximately $43,000 was available for capital 397

items. 398

Mr. Castillo asked about the $44,000 reduction in the US Security contract. Dr. Spiro 399

explained that the District expected to save $44,000, compared to Fiscal Year 2015, due to one 400

less security guard but US Security proposed $296,000, which was $22,000 more than Fiscal 401

Year 2015. 402

Dr. Spiro reported that, next month, the Finance Committee would review the requested 403

capital items and determine how to allocate the $43,000. He pointed out that, if the Board 404

wanted to spend more than $43,000 for capital items, a special assessment must be imposed. 405

Regarding “Community Events Coordinator”, Dr. Spiro reiterated that a line item for 406

“Events” would be added with a budget of $30,000 and the “Community Events Coordinator” 407

line item would be eliminated. 408

Mr. Castillo questioned why $45,000 was budgeted when, last month, pond maintenance 409

was quoted at $43,500. Mr. Adams indicated that $1,500 was included for the permit, fish and 410

plants. 411

***The meeting recessed at 8:39 p.m.*** 412

***The meeting reconvened at 8:50 p.m.*** 413

Discussion/Consideration of Amendment to Post Orders 414

Towing is authorized by Site Supervisor or his appointee 415

***This item, previously the Ninth Order of Business, was presented out of order.*** 416


14

Dr. Spiro stated that the Site Supervisor is a US Security employee. Mr. Burman 417

explained that the Site Supervisor was only on site during the day and towing would occur at 418

night. Ms. Hepscher suggested that the rovers handle towing issues. Mr. Burman suggested 419

giving security guards the authority to tow. 420

Mr. Burman discussed an issue with residents driving on the grass and no policy or rule 421

in place. Dr. Spiro confirmed that the rules primarily address no parking on the grass, except for 422

special events. 423

Dr. Spiro was amenable to adding a provision in the Post Orders prohibiting driving on 424

the grass. 425

426 On MOTION by Dr. Spiro and seconded by Mr. Sheth, with 427 all in favor, amending the Post Orders to authorize security to 428 tow vehicles, as appropriate, per community standards, rules 429 and regulations and enforce no driving on the grass, were 430 approved. 431

432 433 District Engineer 434

***This item, previously Item 13.C., was presented out of order.*** 435

Ms. Stewart reported that the first application for rezoning, for the café and recreational 436

use on the townhomes, was approved. According to the city, the approval of the café was 437

contingent on no additional employees, no additional parking or seating. She noted that no 438

details were provided regarding what the café can sell but rules were imposed through the Health 439

Department. Ms. Stewart reported that the kitchen renovations were approved. 440

Ms. Hepscher questioned how the new kitchen equipment could be used if zoning does 441

not allow it. Ms. Stewart clarified that the kitchen equipment can be used, as long as the 442

upgrades were completed through the Health Department. Mr. James clarified that some 443

equipment was replaced and additional equipment must be purchased, such as an ice machine. 444

Ms. Hepscher asked if an outside company can utilize the approved kitchen equipment. 445

Ms. Stewart replied affirmatively. 446

Discussion ensued regarding the type of food to sell in the café. 447

Mr. Castillo recalled that the plan was to hire a catering company to serve hamburgers 448

and fried chicken. Dr. Spiro noted that the plan was not to hire a chef. Ms. Stewart advised that 449


15

the Board cannot hire a company to operate the restaurant, like Heritage Isles. Suggestions were 450

made to sell subs or have a “to-go” window. 451

Regarding the tennis courts, Ms. Stewart reported that the next step was to submit the 452

incremental site plan, which was the next step in the zoning process. She pointed out that the 453

city questioned the following: 454

1. Does the Board plan to install fencing, walls, signage or lighting? 455

2. What are the hours of operation? 456

3. Are there plans for additional structures in Phase 6? 457

4. Can there be a 15’ setback to any residential and landscaping? 458

According to the site plan, Ms. Stewart reported that there was a heavily treated area 459

along the residential side but most trees were outside the required 15’ setback; if there is a 460

natural buffer separating the property to the units, additional landscaping may be required. She 461

indicated that, since the tennis courts overlap the property line and there is a drainage easement, 462

the tennis courts were moved to the north, which takes up a portion of the property. 463

Ms. Stewart displayed an aerial of the basketball and tennis courts. Due to the revised 464

location of the tennis courts, drainage was necessary, especially during the rainy season. The 465

drainage easement must be vacated to allow relocation of the tennis courts. 466

Dr. Spiro expressed concern about moving the tennis courts and losing the additional 467

space. He suggested reconfiguring the drainage. 468

Ms. Stewart recommended that the Board discuss the use of the additional space, to make 469

sure it will fit on the incremental site plan. 470

Dr. Spiro suggested having two full length basketball courts and the remaining space as 471

open space. The Board Members agreed. 472

Mr. Castillo questioned where drainage will be relocated. Ms. Stewart will work on a 473

realignment to pipe the drainage to the pond and inner connect some under drain around the 474

tennis court. Dr. Spiro suggested installing drainage under the road. Ms. Stewart pointed out 475

that the drainage will be configured for the shortest distance. 476

Dr. Spiro questioned the timing. Ms. Stewart anticipated the incremental site plan 477

approval taking seven to ten days and then the submittal to the Construction Services Center. 478

She pointed out that the District could probably proceed with some improvements before the 479

next meeting. 480


16

Ms. Stewart will work with Mr. James on the layout, before resubmitting to the city. She 481

will provide a copy to Mr. Adams for dissemination. 482

Regarding the pool berm, Ms. Stewart reported that she and Mr. James spoke to the 483

landscape designer. Mr. James advised that the landscape designer recommended a lot of trees 484

and soil, along with drainage down to the existing drains. Ms. Stewart recommended that the 485

Board address changing the existing vegetation, due to the intrusion of pool water from the slide. 486

Mr. James noted that Mr. Adams recommended a curb on both sides of the sidewalk; he 487

requested a quote for the decorative curb, which should deter water coming off of the pool slide. 488

Mr. James suggested removing clay from the base of the trees and installing drains, as well as 489

finding a way for water to escape, flow down the hill and connect to the existing drainage. 490

Mr. Adams pointed out that he observed kids using the slide, trailing water up the 491

walkway and into the gravel drain and everything within 3’ to 4’ or in the gravel ditch area 492

deteriorated. Staff observed standing water with high levels of chlorine around the base of the 493

palm trees. On the back side of the walkway, water was forced down the back of the berm, into 494

the turf, causing blades of grass to burn. His plan is to curb the sides of the walkway to hold the 495

water and force it to a lower depression where drains connected to a manifold can return the 496

water to the pool. 497

Mr. Castillo expressed concern that no one thought about drainage when the pool was 498

built. Ms. Stewart pointed out that, when the pool was under construction, the developer did not 499

want to use a General Contractor, to save $300,000; the main concern was the theme and not the 500

conditions. She noted that this area was not the only area with clay. 501

Mr. Adams recommended overdigging the holes and filling with good draining soil, if the 502

material was to be replaced, because the plant material away from the affected areas was doing 503

well. He felt that the issue was the constant drenching of the pool water and not the soil. 504

Mr. Castillo agreed and questioned whether there was enough evidence to seek 505

reimbursement for damages from the original landscaping company. Ms. Stewart advised that 506

the damage was caused by excessive water and not soil; at the time, it was not known where the 507

water would drain. Mr. Adams believed that the solution was to find a way to capture the water 508

sheet-flowing off of the walkway. 509


17

Dr. Spiro asked when the curbing and drainage would be addressed. Mr. James indicated 510

that an estimate for decorative curbing would be provided on Sunday and LMP was providing a 511

proposal on the drainage. Proposals will be provided at the next meeting. 512

***Ms. Stewart left the meeting*** 513

Dr. Spiro reported that Kolter agreed to pay $800 to install trees along Cory Lakes 514

Boulevard to shield homes from the fence. 515

The new POA Manager introduced himself to the Board. 516

517

SEVENTH ORDER OF BUSINESS Continued Discussion: Traffic Calming 518 Updates/Results 519

520 Dr. Spiro addressed the parking issues and read the current policy, which states that no 521

cars can be parked overnight on any streets or easements. It was noted that the security guards 522

did not discourage parking in easements because it is in between private property and the right-523

of-way (ROW), parking in front of driveways or blocking the sidewalk, because the POA can 524

issue violations. 525

Dr. Spiro expressed concern about residents not knowing the definition of an easement 526

and suggested clear clarification with the security guards on what violations should be imposed. 527

He discussed the following violations: 528

1. Illegally parked vehicles will be subject to a total of one ‘no parking’ warning, 529

provided by the security company and, thereafter, the vehicle is subject to towing. 530

2. No cars can be parked on easements. 531

3. No overnight parking on the street. 532

Dr. Spiro recommended amending the Post Orders to allow for vehicles to be towed after 533

a 24-hour period. Ms. Hepscher recommended “within 24-hours of written notice” be added. 534

In response to Mr. Castillo’s question, it was noted that visitor passes were no longer 535

provided. Ms. Hepscher pointed out that a resident can call security and let them know how 536

many cars will be in their driveway and on the street, during a specified period of time. 537

After further discussion, Dr. Spiro reiterated the policy to prohibit cars parked on any 538

street between 12:00 a.m., and 6:00 a.m., allowing residents to notify security of events within 539

the restricted period and receive a variance, allowing for vehicles to be towed after a 24-hour 540


18

period and prohibiting parking on easements within the road ROW. The Post Orders will be 541

amended to allow the security company to enforce the parking policy. 542

Mr. Babbar advised against towing from an easement or road ROW. 543

Discussion ensued regarding guest parking. 544

Dr. Spiro recommended discussion at the next meeting regarding guest parking for an 545

extended time, due to lack of space on the driveway. 546

547

On MOTION by Dr. Spiro and seconded by Mr. Castillo, with 548 all in favor, establishment of a Parking Restrictions Policy for 549 security to enforce no parking in streets between 12:00 a.m., 550 and 6:00 a.m., or on public utility easements within a road 551 right-of-way, permitting residents to request a variance from 552 security to park for a one night event, within the restricted 553 area, and allowing security to issue ‘no parking’ warnings to 554 offenders, after a 24-hour period, prior to towing, were 555 approved. 556

557 558

EIGHTH ORDER OF BUSINESS Discussion: Site Security Vulnerability 559 Assessment 560

561 This item was deferred to the July meeting. 562

563

NINTH ORDER OF BUSINESS Discussion/Consideration of Amendment 564 to Post Orders 565

566 This item was discussed during the Sixth Order of Business. 567

568 TENTH ORDER OF BUSINESS Consideration of Pool Slide Maintenance 569

Agreement with Com Pac Filtration, Inc. 570 571

Mr. Babbar presented the Pool Slide Maintenance Agreement with Com Pac Filtration, 572

Inc. (Com Pac Filtration). He discussed the warranty, which was issued on March 25, 2015 and 573

included one free year. Mr. Babbar indicated that the agreement included a provision that the 574

District will pay on March 26, 2016. Com Pac Filtration will provide twice per year 575

maintenance. 576

577


19

On MOTION by Dr. Spiro and seconded by Mr. Castillo, with 578 all in favor, the Pool Slide Maintenance Agreement with Com 579 Pac Filtration, Inc., was approved. 580

581 582

ELEVENTH ORDER OF BUSINESS Discussion: Primrose School Land 583 Acquisition Interest 584

585 Dr. Spiro reported that Primrose School offered to pay for the appraisal, under the 586

condition that, once the land was appraised, the District would sell the land at the appraised 587

value. The appraisal cost is $2,000 to $3,000. 588

Ms. Hepscher asked if the District can lease the property to Primrose School. Dr. Spiro 589

indicated that Primrose School does not want to lease the property. 590

Mr. Castillo preferred to use an appraiser chosen by the District. Mr. Adams indicated 591

that, if the District engaged the appraiser, the District would pay for the appraisal and the District 592

would have the Primrose School sign a Funding Agreement, to escrow money for the appraisal. 593

Ms. Hepscher suggested that the District identify the parameters of the land. 594

Mr. Babbar indicated that, by statute, the property must be awarded to Primrose School 595

through an auction process. Mr. Adams noted that this would be a surplus property sale, 596

whereby a notice is published in the newspaper and the District is required to take the highest 597

bid, above the appraised value. Dr. Spiro noted that Primrose School must be aware that it may 598

lose the property. 599

Ms. Hepscher expressed concern about how the school will fit without it affecting the 600

District’s pond. Dr. Spiro recalled Ms. Stewart indicating that the easement was sufficient. 601

Dr. Spiro did not believe that the District would be able to sell the property for more than 602

$10,000. Mr. Adams estimated that the cost of the appraisal was more than the value of the 603

property. 604

605

On MOTION by Mr. Castillo and seconded by Dr. Spiro, with 606 all in favor, the request from Primrose School for acquisition 607 of a “sliver” piece of property, based on Primrose School 608 incurring the cost of an appraisal and the District selling the 609 property at the appraised value, was approved. 610

611 612

TWELFTH ORDER OF BUSINESS Other Business 613


20

There being no other business, the next item followed. 614

615

THIRTEENTH ORDER OF BUSINESS Staff Reports 616 617 A. Facilities Manager 618

i. Facilities Activities Report: June 2015 619

Mr. James presented the Facilities Activities Report for June 2015. 620

Mr. Castillo stated that the landscaping company must do a better job trimming, 621

particularly the Cross Creek entrance monument; shrubbery is blocking the Cory Lakes sign. 622

Dr. Spiro recalled that the Board agreed that the hedges between homes and the street 623

should be allowed to grow. Mr. Castillo agreed that the community should look “maintained” 624

but not block signage. 625

Mr. James indicated that LMP works by rotation. He will speak to LMP. 626

ii. Consideration of Facilities Work Order: #2015-107 Facilities Activities 627

Ms. Stewart presented the Facilities Work Order: #2015-107 for removal of four queen 628

palm trees between the pool and lake, removal of one mule palm tree at the entrance, removal of 629

one water oak tree along Morris Bridge, trimming a live oak tree, removal of moss at the tennis 630

court and installation of red fountain grass at the Beach Club, in the amount of $3,291.36. 631

Dr. Spiro requested that account numbers be noted on each work order. 632

In response to Dr. Spiro’s question, Mr. James indicated that the removals were due to 633

safety issues. 634

Discussion ensued regarding the trees. 635

636

On MOTION by Dr. Spiro and seconded by Mr. Castillo, with 637 all in favor, the LMP work order, for removal of four queen 638 palm trees between the pool and lake, removal of one mule 639 palm tree at the entrance, removal of one water oak tree along 640 Morris Bridge, trimming a live oak tree, removal of moss at 641 the tennis court and installation of red fountain grass at the 642 Beach Club, in a not-to-exceed amount of $3,291.36, was 643 approved. 644

645 646

Regarding the community emergency messaging system quotes, Ms. Hepscher discussed 647

the proposals with the POA Board and encountered resistance. The POA Board was told that the 648


21

CDD refused to provide this information and refused to cooperate. She alluded that the POA 649

already had a system and only wanted information. 650

Dr. Spiro recalled that, at a joint POA/CDD meeting, Mr. Carpenter asked for this system 651

and to jointly fund it. He noted that, if the POA wanted the CDD’s mailing list, the POA must 652

make a public records request. Mr. Adams advised the Board to wait for the POA to make a 653

formal public records request. 654

Mr. Babbar will speak to the POA about making a formal public records request. 655

B. District Counsel 656

There being nothing further to report, the next item followed. 657

C. District Engineer 658

This item was discussed during the Sixth Order of Business. 659

D. District Manager 660

i. Approval of Unaudited Financial Statements as of April 30, 2015 661

Mr. Adams presented the Unaudited Financial Statements as of April 30, 2015. 662

Dr. Spiro requested a weekly report prior to signing checks. Mr. Adams will provide a 663

report after entries are made and bills are paid. 664

ii. UPCOMING MEETING DATES 665

July 16, 2015 at 6:00 P.M. 666

August 20, 2015 at 6:00 P.M. 667

September 17, 2015 at 6:00 P.M. 668

Mr. Adams advised that future meetings are scheduled for July 16, August 20 and 669

September 17, 2015, at 6:00 p.m. 670

671

FOURTEENTH ORDER OF BUSINESS Public Comments (non-agenda items) 672 673 There being no public comments, the next item followed. 674

675

FIFTEENTH ORDER OF BUSINESS Supervisors’ Requests 676 677 Ms. Hepscher requested an e-blast informing residents about the new lake management 678

company. 679

Dr. Spiro reported that emails would be sent to residents based on the following timeline: 680


22

1. Status of the playground 681

2. Pool lap lanes 682

3. Babysitting policy at the pool 683

4. Summary of CDD minutes 684

Ms. Hepscher requested that an email be sent tomorrow about the pool re-opening, 685

followed by the introduction of the lake maintenance company. 686

Dr. Spiro suggested that emails not be sent on multiple subjects. 687

Ms. Hepscher reported that the POA Board requested an analysis on the lake. Lisa will 688

send the email about the lake on Monday. 689

Regarding the traffic light, Ms. Hepscher contacted the city to have the light assessed; 690

there was a problem with the activation of the light. 691

Ms. Hepscher requested a “meet and greet” between residents and Board Members at the 692

beginning of September. Mr. Adams suggested a workshop, town hall meeting or individual 693

coffee chat. Dr. Spiro recommended coordinating the “meet and greet” with an event. Mr. 694

Adams suggested that the Board Members wear microphones. 695

Dr. Spiro requested that future LAF facilities meetings be scheduled for 12:00 p.m. 696

There was consensus from the Board. 697

Dr. Spiro reported that the pool, foliage and street parking would be discussed at the next 698

Sunshine Board meeting. 699

Mr. Castillo pointed out that many people are water skiing and suggested testing the 700

water quality of the lake. Mr. Adams indicated that the lake is a public lake and people swim at 701

their own risk; the District is covered, in terms of liability. Mr. Adams believed that the County 702

Health Department may be willing to test the water and suggested emailing residents to advise 703

that the lake is a natural pond that is chemically treated for noxious weeds and swimming is at 704

their own risk. 705

Dr. Spiro pointed out that the night pictures in the Site Security Assessment Report were 706

difficult to see but Cory Lakes has the lowest crime rate in the city. 707

708

SIXTEENTH ORDER OF BUSINESS Adjournment 709 710 There being no further business to discuss, the meeting recessed at 10:27 p.m. 711

712


23

713 714 715 716 717 718 719 720 ___________________________ ____________________________ 721 Secretary/Assistant Secretary Chair/Vice Chair 722

CORY LAKES CDD LANDSCAPE INSPECTION July 7, 2015

ATTENDING:

FRANK JAMES – CORY LAKE CDD STEVE SMALL – LMP BRIAN POPE – LMP PAUL WOODS – OLM, INC.

CATEGORY I: MAINTENANCE CARRYOVER ITEMS FROM 5/5/15 BEACH CLUB 10. South frontage: Remove declining European Fan Palm. MORRIS BRIDGE ENTRANCE 23. Rejuvenate prune Oleander along bike path, establishing and maintaining a consistent

height of 7 feet. CATEGORY I: MAINTENANCE CARRYOVER ITEMS FROM 6/2/15 POOL 2. In the pool slide areas: Continue to improve fertility and vigor in Chinese Fan Palms. 3. Target prune, as accessible, any immature flower or seed pods in poolside Palms. 5. Groom beach removing any windblown or shoreline debris. Use the mechanical rake to

improve appearance. BEACH CLUB 6. Throughout the Beach Club rock beds: Control bed weeds. MORRIS BRIDGE ENTRANCE 20. Control bed weeds and viney growth throughout planting bed areas. 24. Near the exit gate: With loppers target prune any vehicle damage out of the Ligustrum

Privets. 29. Monitor accumulation of mulch at the crown of Drift Roses in the un-irrigated lakeside

sidewalk. CORY LAKE BOULEVARD 39. Continue fungicidal treatments on Viburnum Suspensum. 42. Push back overgrowth, particularly in areas extending into Crape Myrtle canopies.

NEXT INSPECTION AUGUST 4, 2015 AT 8:30 AM

SCORE: 80%

CROSS CREEK ENTRANCE 44. Maintain an improved shore line along the retention pond.

CATEGORY II: MAINTENANCE ITEMS BEACH CLUB 1. Replace hot spot damaged turf along sidewalks.

2. Control broadleaf weeds in turf.

3. Detail beds adjacent to west side pool entrance. Redistribute mulch as needed to cover

bare soil.

4. Detail perimeter of pool fence non mowable areas at each service.

5. Pool entrance: Replace missing Crotons in new planting areas.

6. Prune sucker growth from Crape Myrtles. Remove bamboo poles.

7. Detail large Phoenix Palm at boat ramp roundabout, pruning to improve appearance.

8. North perimeter: Remove dead and declining Wax Myrtles adjacent to well head.

9. Improve fertility to Drift Roses. Deadhead Roses to stimulate new blooms.

10. Maintain separation between Majestic Beauty Hawthorn and Arboricola Trinette.

11. Tennis court entrance: Prune Fan Palms obscuring signage. Remove pups that are overgrowing sidewalks as needed.

12. Southwest corner of hockey area: Detail multi stem Reclinata Palm.

13. Pool entrance: Replace 2 declining European Fan Palms under warranty. CACHET ISLE 14. Improve vigor of Lantana at bridge monument sign.

15. Maintain separation between plant materials in large median island. Monitor Jack Frost

Ligustrums, identifying cause of deformed foliage.

16. Confirm palm pruning has been complete, removing seedpods; loose boots; and flower clusters in Mule Palms in center island.

17. Control crack weeds along bridge sidewalk.

18. Keypad island: Replace declining Bulbine under warranty.

CANARY ISLE

19. Maintain Oleander within bed lines, maintaining it off of sidewalks and drive.

20. Detail at base of Canary Pointe Lane monument sign. Remove bed weeds. MORRIS BRIDGE ENTRANCE 21. Median island beds: I recommend maintaining multi stem Oleander in a compact form

at approximately 7 feet consistent with common property areas. Improved flowering will result.

22. Confirm irrigation coverage along east bound lane adjacent to storm water inlet where vehicle accident occurred.

23. Maintain separation between Ligustrum Sinensis and Loropetalum. Maintain a neatened appearance on Loropetalum. Pruning frequencies should be established to promote bloom but maintain scale to the over size of the landscapes.

24. Entrance drive: Deadhead Crinum Lilies.

25. Stagger prune and deadhead seasonal color plants to improve consistency of bloom. It appears all blooms have occurred at the same time, resulting in periods where bedding plants are devoid of bloom.

26. Gatehouse entrance: Improve fertility to Agapanthus.

27. Exit side of drive: Detail hanging fronds from Queen Palms up to 15’-0”. CORY LAKE BOULEVARD 28. Control weeds in Plumbago planting areas.

29. 10900 block: Maintain Bottlebrush below carriage lamps.

30. Large playground: Control disease in Viburnum suspensum.

31. North side adjacent to large and small playgrounds: While water table is depressed,

detail around storm water inlets as accessible.

32. Detail along wood line between Cross Creek entrance and Barbados, maintaining uninterrupted mow path and eliminating growth around Crape Myrtles and Oleanders.

BARBADOS 33. Improve vigor of Drift Roses at base of monument sign. Several plants are

diminished, replace Roses that do not thrive under warranty.

34. Control disease in Plumbago.

CROSS CREEK 35. South end of entrance drive: I recommend removing volunteer Ferns from Dwarf

Mexican Petunia beds.

36. Prune Ligustrum Privets, promoting growth in a loose form but within curb lines to prevent truck damage.

37. Remove declining Oleander adjacent to inbound lane behind Reclinata Palm. THE POINTE 38. Cul-de-sac: Control weeds in beds.

39. Rejuvenate prune Lantana to promote flush of new growth and improve flowering.

Maintain a stair step presentation throughout beds. BERMUDA RIDGE 40. Maintain Dwarf Bougainvillea lower than lettering on village monument sign.

ST. LUCIA 41. Cul-de-sac island: Control weeds in Downey Jasmine hedgerow.

CATEGORY III: IMPROVEMENTS – PRICING NONE

CATEGORY IV: NOTES TO OWNER 1. Contractor reports several areas of freeze damage yet to be replaced (Lantana) at village

entrances. I recommend considering proposal to replace this plant material.

2. East perimeter of Capri Isle: There is storm damage to the vinyl fence.

3. Contractor did not pass performance payment inspection.

CATEGORY V: NOTES TO CONTRACTOR NONE

PGW:ml cc: Frank James [email protected]

Richard Carpenter [email protected] Scott Carlson [email protected] Brian Pope [email protected] Daniel Palma [email protected] Scott Craig [email protected]

mailto:[email protected]






CORY LAKES

MONTHLY LANDSCAPE MAINTENANCE INSPECTION GRADESHEET

A. LANDSCAPE MAINTENANCE VALUE DEDUCTION REASON FOR DEDUCTION

TURF 5

TURF FERTILITY 15 5 Pool lawn

TURF EDGING 5

WEED CONTROL – TURF AREAS 10 3 Pool lawn

TURF INSECT/DISEASE CONTROL 10 5 Cinch damage require warranty

PLANT FERTILITY 5

WEED CONTROL – BED AREAS 10 Beach Club

PLANT INSECT/DISEASE CONTROL 10 2 Plumbago

PRUNING 10 3 Maintain separation\size\promote flowering

CLEANLINESS 10

MULCHING 5

WATER/IRRIGATION MANAGEMENT 15

CARRYOVERS 5 5 (5-15)10 23/ (6-15)2 3 5 6 2024 29 9 42 44

B. SEASONAL COLOR/PERENNIAL MAINTENANCE VALUE DEDUCTION REASON FOR DEDUCTION

VIGOR/APPEARANCE 10 5 Lack of bloom in Angeloniium

INSECT/DISEASE CONTROL 10

DEADHEADING/PRUNING 10

MAXIMUM VALUE 145

Date 7-7-15 Score: 80 Performance Payment™ % 0 Contractor Signature: Inspector Signature:

Property Representative Signature:

975 Cobb Place Blvd., Suite 304, Kennesaw, GA 30144 Phone: 770.420.0900 Fax: 770.420.0904 www.olminc.com

http://www.olminc.com/

CORY LAKES

FISCAL YEAR 2016

PROPOSED BUDGET

COMMUNITY DEVELOPMENT DISTRICT

UPDATED JULY 8, 2015

Description

Page

Number(s)

General Fund Budget 1 - 4

Debt Service Fund Budget - Series 1996A/B Bonds 5

Amortization Schedules - Series 1996A/B Bonds 6 - 7

Debt Service Fund Budget - Series 2013 Bonds 8

Amortization Schedule - Series 2013 Bonds 9

Debt Service Fund Budget - Series 2013 Refunding Bonds 10

Amortization Schedule - Series 2013 Refunding Bonds 11

Assessment Summary 12

CORY LAKES

TABLE OF CONTENTS


1

Adopted

Budget

FY 2015

Actual

through

3/31/15

Projected

through

9/30/2015

Total Revenue

and

Expenditures

Proposed

Budget

FY 2016

REVENUES

Assessment levy: all residents 1,865,891$ 1,847,990$

Assessment levy: Cachet 15,966 2,713

Allowable discounts (4%) (75,274) (74,028)

Assessment levy - net 1,806,583 1,611,146$ 195,437$ 1,806,583$ 1,776,675

Interest and miscellaneous 25,000 14,729 10,271 25,000 25,000

Total revenues 1,831,583 1,625,875 205,708 1,831,583 1,801,675

EXPENDITURES

Professional & admin

Supervisors 15,000 5,600 9,400 15,000 12,000

Payroll services 750 271 479 750 600

Payroll taxes - FICA 1,148 428 720 1,148 900

Payroll taxes - unemployment 405 24 381 405 325

District management 59,840 24,924 30,000 54,924 55,000

Assessment roll preparation 7,760 7,760 - 7,760 5,000

Bond amortization schedule fee 1,500 700 800 1,500 1,500

Disclosure report 3,000 1,000 2,000 3,000 3,000

Trustee 8,254 10,182 - 10,182 8,254

Trust accounting 14,259 7,130 5,000 12,130 -

Notes payable - Soave Group - DS 21,733 - 21,733 21,733 21,733

Audit 4,200 6,500 - 6,500 4,200

Arbitrage rebate calculation 2,500 1,000 1,500 2,500 2,500

Legal - general counsel 15,000 7,596 7,404 15,000 10,000

Legal - pool construction - 7,870 - 7,870 -

Engineering 10,000 6,818 3,182 10,000 10,000

Insurance: general liability & public officials 26,700 25,489 - 25,489 26,700

Legal advertising 3,000 141 1,000 1,141 3,000

Bank fees 75 95 95 190 200

Dues & licenses 175 175 - 175 175

Office supplies 4,800 2,400 800 3,200 -

Tax collector 75,274 - 75,274 75,274 74,028

Contingencies 500 150 350 500 500

Total professional & admin 275,873 116,253 160,118 276,371 239,615

Fiscal Year 2015

CORY LAKES


GENERAL FUND BUDGET

FISCAL YEAR 2016

2

Adopted

Budget

FY 2015

Actual

through

3/31/15

Projected

through

9/30/2015

Total Revenue

and

Expenditures

Proposed

Budget

FY 2016

Fiscal Year 2015

CORY LAKES


GENERAL FUND BUDGET

FISCAL YEAR 2016

EXPENDITURES (continued)

Field Operations

Utilies

Communication 11,683 6,703 4,980 11,683 11,683

Website 1,020 - 1,020 1,020 1,020

Streetlights 131,821 61,830 69,991 131,821 131,821

Electricity 79,720 31,514 40,000 71,514 73,000

Propane 400 - 400 400 400

Water, sewer & irrigation 10,000 7,837 5,000 12,837 15,000

Solid waste removal 5,694 3,212 2,482 5,694 5,694

Sewer lift stations 2,500 10,976 1,000 11,976 3,500

Security operations

Security staffing contract services 274,500 103,176 171,324 274,500 230,500

Security staffing contract services - other 16,000 2,404 5,000 7,404 8,000

Contractual maintenance 9,180 4,035 5,145 9,180 9,180

Security equipment & maintenance - 33,155 - 33,155 -

Special events and safety 6,000 - 6,000 6,000 -

Field office administration

Field manager 75,000 38,584 36,416 75,000 75,000

Office administrator 46,852 32,172 14,680 46,852 46,852

Payroll taxes 12,960 - 12,960 12,960 12,960

Seasonal decorations 17,000 17,000 - 17,000 17,000

Beach club office equipment 4,075 1,433 2,642 4,075 4,075

Beach club office suppies 3,000 1,939 1,061 3,000 3,000

Beach club gym supples 1,500 364 1,136 1,500 1,500

Guard office equipment 1,000 381 619 1,000 1,000

Guard office supplies 2,000 987 1,013 2,000 2,000

CMMS license & support 1,068 - 1,068 1,068 1,068

Community events coordinator 49,992 24,996 24,996 49,992 49,992

Community events supplies 30,000 15,470 14,530 30,000 30,000

Special residential mailing 3,000 - 3,000 3,000 3,000 Pool & beach club attendant 55,000 27,933 27,067 55,000 44,000 Food service plans 500 - 500 500 -

3

Adopted

Budget

FY 2015

Actual

through

3/31/15

Projected

through

9/30/2015

Total Revenue

and

Expenditures

Proposed

Budget

FY 2016

Fiscal Year 2015

CORY LAKES


GENERAL FUND BUDGET

FISCAL YEAR 2016


Property maintenance

Landscape MaintenanceLandscaping 240,000 128,804 111,196 240,000 265,000 Mulch 47,500 51,478 - 51,478 56,000

Beach sand 6,500 - 6,500 6,500 4,500

Annuals & seasonal plant installation 9,000 - 9,000 9,000 9,000

Plant and replacement 40,000 39,558 442 40,000 40,000

Sod replacement 15,000 90 14,910 15,000 10,000 Well maintenance - irrigation 6,000 975 5,025 6,000 6,000 Irrigation - maintenance 10,000 4,563 5,437 10,000 12,500

Tree removal and replacement 10,000 7,570 2,430 10,000 25,000

Inspection services 12,000 6,000 6,000 12,000 -

Irrigation/repair for select areas 10,000 - 10,000 10,000 -

Lake & pond maintenance 26,400 11,100 15,300 26,400 45,000

Facilities maintenanceOutside facilities maintenance 35,000 15,720 19,280 35,000 35,000 Car and Cart Repairs and maintenance - - - - 4,500 Cleaning 15,000 5,488 9,512 15,000 15,000

Pest control 1,260 900 360 1,260 2,000

Barcode database 2,500 4,360 - 4,360 2,500

Security gate maintenance & repair 12,000 6,070 5,930 12,000 7,500

Security Technology Repairs - - - - 2,500

Security gate maintenance & repair - Cachet 5,000 - 5,000 5,000 2,500 Monuments & signs 5,000 2,281 2,719 5,000 5,000 Fountains 7,000 1,156 5,844 7,000 7,000

Storm water drainage 10,000 856 9,144 10,000 10,000

Storage 1,500 485 1,015 1,500 1,500

Street sweeping 1,500 - 1,500 1,500 1,500

Recreation equipment maintenance & repair 20,000 4,776 15,224 20,000 20,000 Building equipment maintenance & repair 20,000 6,854 13,146 20,000 20,000 Pressure washing 10,000 8,320 1,680 10,000 15,000

Paver, streets and sidewalk repairs 30,000 41,898 - 41,898 45,000

Clear & repair monument lanterns 7,500 - 7,500 7,500 2,500

Commercial window cleaning and Janitorial 5,000 - 5,000 5,000 7,500

Facilities maintenance (pool)Pool maintenance 22,900 11,700 11,200 22,900 22,900 Pool repairs 10,000 7,088 2,912 10,000 10,000

Pool heater utilities 18,540 9,152 9,388 18,540 18,540

Pool janitorial services 15,000 - 15,000 15,000 -

Pool permit 575 - 575 575 575

Pool contingency 5,000 1,641 3,359 5,000 2,500

Capital improvement program - - - - 46,800 Fitness equipment - 6,520 - 6,520 -

Total field expenses 1,544,140 811,504 785,558 1,597,062 1,562,060

Total expenditures 1,820,013 927,757 945,676 1,873,433 1,801,675

4

Adopted

Budget

FY 2015

Actual

through

3/31/15

Projected

through

9/30/2015

Total Revenue

and

Expenditures

Proposed

Budget

FY 2016

Fiscal Year 2015

CORY LAKES


GENERAL FUND BUDGET

FISCAL YEAR 2016


Excess/(deficiency) of revenues

over/(under) expenditures 11,570 698,118 (739,968) (41,850) -

OTHER FINANCING SOURCES/(USES)

Transfer out (11,570) - - - -

Total other financing sources/(uses) (11,570) - - - -

Net change in fund balances - 698,118 (739,968) (41,850) -

Fund balance - beginning (unaudited) - 1,269,429 1,967,547 1,269,429 1,227,579

Fund balance - ending (projected)

Assigned

3 months working capital - - - - 450,419

Cachet - - 11,570 11,570 11,570

Unassigned - 1,967,547 1,216,009 1,216,009 765,590 Fund balance - ending -$ 1,967,547$ 1,227,579$ 1,227,579$ 1,227,579$

5

Adopted

Budget

FY 2015

Actual

Through

3/31/2015

Projected

Through

9/30/2015

Total

Revenue &

Expenditures

Proposed

Budget

FY 2016

REVENUE

Assessment levy - gross 176,141$ 162,405$


Assessment levy - net 169,095 144,580$ 24,515$ 169,095$ 155,909

Assessment prepayments - 890 - 890 -

Fund balance forward - 1996A 208,957 - - - -

Fund balance forward - 1996B 6,880 - - - -

Interest - 11 - 11 -

Total revenue 384,932 145,481 24,515 169,996 155,909

EXPENDITURES

Debt service

Principal 1996A 300,000 - 90,000 90,000 100,000

Principal prepayment 1996B - 35,000 - 35,000 -

Interest 1996A 25,126 12,563 12,563 25,126 17,588

Interest 1996B 52,763 17,587 16,122 33,709 31,825

Total debt service 377,889 65,150 118,685 183,835 149,413

Other fees & charges

Tax collector 7,046 - 7,046 7,046 6,496

Total other fees & charges 7,046 - 7,046 7,046 6,496

384,935 65,150 125,731 190,881 155,909

Net change in fund balances (3) 80,331 (101,216) (20,885) -

Beginning fund balance (unaudited) 215,840 367,189 447,520 367,189 346,304 Ending fund balance (projected) 215,837$ 447,520$ 346,304$ 346,304$ 346,304

Use of fund balance:

Debt service reserve account balance (required) (37,500)

Interest expense - November 1, 2016 (20,519) Projected fund balance surplus/(deficit) as of September 30, 2016 288,285$

Total expenditures

Fiscal Year 2015

CORY LAKES


DEBT SERVICE FUND BUDGET - SERIES 1996A/B BONDS

FISCAL YEAR 2016

6

CORY LAKESCommunity Development District

Series 1996A (CUSIP: 221034AC5)

Debt Service Schedule

Date Principal Coupon Interest Total P+I

11/01/2015 - - 8,793.75 8,793.7505/01/2016 100,000.00 8.375% 8,793.75 108,793.75 $685,000.0011/01/2016 - - 4,606.25 4,606.25 28684.37505/01/2017 110,000.00 8.375% 4,606.25 114,606.25

Total $210,000.00 - $26,800.00 $236,800.00

7

CORY LAKESCommunity Development District Series 1996B (CUSIP: 221034AH4)



11/01/2015 - - 15,912.50 15,912.5005/01/2016 8.375% 15,912.50 15,912.5011/01/2016 - - 15,912.50 15,912.5005/01/2017 380,000.00 8.375% 15,912.50 395,912.50

Total $380,000.00 - $63,650.00 $443,650.00

8

Adopted

Budget

FY 2015

Actual

Through

3/31/2015

Projected

Through

9/30/2015

Total

Revenue &

Expenditures

Proposed

Budget

FY 2016

REVENUE




Fund balance forward 37,598 - - - -

Interest - 4 4 8 -

Total revenue 147,038 98,541 10,907 109,448 128,850

EXPENDITURES

Debt service

Principal 20,000 20,000 - 20,000 20,000

Interest 122,477 41,159 40,659 81,818 80,819



Tax collector 4,560 - 4,560 4,560 5,369


147,037 61,159 45,219 106,378 106,188

Net change in fund balances 1 37,382 (34,312) 3,070 22,662




Principal expense - November 1, 2016 (20,000)

Interest expense - November 1, 2016 (40,159) Projected fund balance surplus/(deficit) as of September 30, 2016 -$

Total expenditures

Fiscal Year 2015

CORY LAKES


DEBT SERVICE FUND BUDGET - SERIES 2013 BONDS

FISCAL YEAR 2016

9

CORY LAKESCommunity Development District Series 2013 Bonds



11/01/2015 20,000.00 5.000% 40,659.38 60,659.3805/01/2016 - 40,159.38 40,159.3811/01/2016 20,000.00 5.000% 40,159.38 60,159.3805/01/2017 - 39,659.38 39,659.3811/01/2017 25,000.00 5.000% 39,659.38 64,659.3805/01/2018 - 39,034.38 39,034.3811/01/2018 25,000.00 5.000% 39,034.38 64,034.3805/01/2019 38,409.38 38,409.3811/01/2019 25,000.00 5.000% 38,409.38 63,409.3805/01/2020 37,784.38 37,784.3811/01/2020 25,000.00 5.000% 37,784.38 62,784.3805/01/2021 37,159.38 37,159.3811/01/2021 30,000.00 5.000% 37,159.38 67,159.3805/01/2022 36,409.38 36,409.3811/01/2022 30,000.00 5.000% 36,409.38 66,409.3805/01/2023 35,659.38 35,659.3811/01/2023 30,000.00 5.000% 35,659.38 65,659.3805/01/2024 34,909.38 34,909.3811/01/2024 35,000.00 5.625% 34,909.38 69,909.3805/01/2025 33,925.00 33,925.0011/01/2025 35,000.00 5.625% 33,925.00 68,925.0005/01/2026 32,940.63 32,940.6311/01/2026 35,000.00 5.625% 32,940.63 67,940.6305/01/2027 31,956.25 31,956.2511/01/2027 40,000.00 5.625% 31,956.25 71,956.2505/01/2028 30,831.25 30,831.2511/01/2028 40,000.00 5.625% 30,831.25 70,831.2505/01/2029 29,706.25 29,706.2511/01/2029 45,000.00 5.625% 29,706.25 74,706.2505/01/2030 28,440.63 28,440.6311/01/2030 45,000.00 5.625% 28,440.63 73,440.6305/01/2031 27,175.00 27,175.0011/01/2031 50,000.00 5.625% 27,175.00 77,175.0005/01/2032 25,768.75 25,768.7511/01/2032 50,000.00 5.625% 25,768.75 75,768.7505/01/2033 24,362.50 24,362.5011/01/2033 55,000.00 5.625% 24,362.50 79,362.5005/01/2034 22,815.63 22,815.6311/01/2034 55,000.00 6.125% 22,815.63 77,815.6305/01/2035 21,131.25 21,131.2511/01/2035 60,000.00 6.125% 21,131.25 81,131.2505/01/2036 19,293.75 19,293.7511/01/2036 65,000.00 6.125% 19,293.75 84,293.7505/01/2037 17,303.13 17,303.1311/01/2037 70,000.00 6.125% 17,303.13 87,303.1305/01/2038 15,159.38 15,159.3811/01/2038 70,000.00 6.125% 15,159.38 85,159.3805/01/2039 13,015.63 13,015.6311/01/2039 75,000.00 6.125% 13,015.63 88,015.6305/01/2040 10,718.75 10,718.7511/01/2040 80,000.00 6.125% 10,718.75 90,718.7505/01/2041 8,268.75 8,268.7511/01/2041 85,000.00 6.125% 8,268.75 93,268.7505/01/2042 5,665.63 5,665.6311/01/2042 90,000.00 6.125% 5,665.63 95,665.6305/01/2043 2,909.38 2,909.3811/01/2043 95,000.00 6.125% 2,909.38 97,909.38

Total $1,405,000.00 - $1,521,803.13 $2,926,803.13

$1,425,000

10

Adopted

Budget

FY 2015

Actual

Through

3/31/2015

Projected

Through

9/30/2015

Total

Revenue &

Expenditures

Proposed

Budget

FY 2016

REVENUE




Prepaid assessments - off roll - 6,830 - 6,830 -

Fund balance forward 51,625 - - - -

Interest - 18 18 36 -

Total revenue 580,433 478,828 56,846 535,674 530,193

EXPENDITURES

Debt service

Principal 400,000 - 400,000 400,000 410,000

Principal prepayment - 10,000 - 10,000 -

Interest 158,400 54,607 103,793 158,400 98,102



Tax collector 22,034 - 22,034 22,034 22,091


580,434 64,607 525,827 590,434 530,193

Net change in fund balances (1) 414,221 (468,981) (54,760) -




Interest expense - November 1, 2016 (43,496) Projected fund balance surplus/(deficit) as of September 30, 2016 137,274$

Total expenditures

CORY LAKES


DEBT SERVICE FUND BUDGET - SERIES 2013 REFUNDING BONDS

FISCAL YEAR 2016

Fiscal Year 2015

11

CORY LAKESCommunity Development District Series 2013 Refunding Bonds



11/01/2015 49,051.00 49,051.00

05/01/2016 410,000.00 2.710% 49,051.00 459,051.00

11/01/2016 43,495.50 43,495.50

05/01/2017 425,000.00 2.710% 43,495.50 468,495.50

11/01/2017 37,736.75 37,736.75

05/01/2018 435,000.00 2.710% 37,736.75 472,736.75

11/01/2018 31,842.50 31,842.50

05/01/2019 445,000.00 2.710% 31,842.50 476,842.50

11/01/2019 25,812.75 25,812.75

05/01/2020 460,000.00 2.710% 25,812.75 485,812.75

11/01/2020 19,579.75 19,579.75

05/01/2021 470,000.00 2.710% 19,579.75 489,579.75

11/01/2021 13,211.25 13,211.25

05/01/2022 485,000.00 2.710% 13,211.25 498,211.25

11/01/2022 6,639.50 6,639.50

05/01/2023 490,000.00 2.710% 6,639.50 496,639.50

Total $3,620,000.00 - $454,738.00 $4,074,738.00

$4,245,000

12

CDD Land

Use/Phase

Number of

Units Series 1996A Series 1996B

Series 2013

REF Series 2013 O&M Cachet Isles CIP

x 67 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00

O&M Cl 1 $0.00 $0.00 $0.00 $0.00 $1,925.00 $284.09 $354.88

O&M 23 $0.00 $0.00 $0.00 $0.00 $1,925.00 $0.00 $354.88

1.1 19 $373.08 $0.00 $0.00 $0.00 $1,925.00 $0.00 $354.88

1.1 Cl 5 $373.08 $0.00 $0.00 $0.00 $1,925.00 $284.09 $354.88

1.11 1 $746.08 $0.00 $0.00 $0.00 $3,850.00 $0.00 $709.76

1.2 Cl 36 $373.08 $0.00 $0.00 $0.00 $1,925.00 $340.91 $354.88

1.3 Cl 7 $373.08 $0.00 $0.00 $0.00 $1,925.00 $284.09 $354.88

1.4 50 $373.08 $0.00 $0.00 $0.00 $1,925.00 $0.00 $354.88

1.5 45 $373.08 $0.00 $0.00 $0.00 $1,925.00 $0.00 $354.88

1.51 1 $746.08 $0.00 $0.00 $0.00 $3,850.00 $0.00 $709.76

2 120 $324.28 $0.00 $0.00 $0.00 $1,925.00 $0.00 $354.88

2.0 96B 2 $0.00 $2,493.50 $0.00 $0.00 $1,925.00 $0.00 $354.88

2.0 96AB 15 $324.28 $2,493.50 $0.00 $0.00 $1,925.00 $0.00 $354.88

2.1 96B 1 $648.57 $4,987.00 $0.00 $0.00 $3,850.00 $0.00 $709.76

3 94 $0.00 $0.00 $1,128.01 $0.00 $1,925.00 $0.00 $354.88

4 78 $0.00 $0.00 $471.97 $0.00 $1,925.00 $0.00 $354.88

5 252 $0.00 $0.00 $1,599.98 $0.00 $1,925.00 $0.00 $354.88

6 92 $147.10 $0.00 $0.00 $0.00 $1,925.00 $0.00 $354.88

7 115 $0.00 $0.00 $0.00 $991.30 $1,925.00 $0.00 $354.88

1024

CDD Land

Use/Phase

Number of

Units Series 1996A Series 1996B

Series 2013

REF Series 2013 O&M Cachet Isles CIP

x 67 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00

O&M Cl 1 $0.00 $0.00 $0.00 $0.00 $1,924.99 $48.27

O&M 23 $0.00 $0.00 $0.00 $0.00 $1,924.99 $0.00

1.1 19 $397.73 $0.00 $0.00 $0.00 $1,924.99 $0.00

1.1 Cl 5 $397.73 $0.00 $0.00 $0.00 $1,924.99 $48.27

1.11 1 $795.38 $0.00 $0.00 $0.00 $3,849.98 $0.00

1.2 Cl 36 $397.73 $0.00 $0.00 $0.00 $1,924.99 $57.93

1.3 Cl 7 $397.73 $0.00 $0.00 $0.00 $1,924.99 $48.27

1.4 50 $397.73 $0.00 $0.00 $0.00 $1,924.99 $0.00

1.5 45 $397.73 $0.00 $0.00 $0.00 $1,924.99 $0.00

1.51 1 $795.38 $0.00 $0.00 $0.00 $3,849.98 $0.00

2 120 $345.71 $0.00 $0.00 $0.00 $1,924.99 $0.00

2.0 96B 2 $0.00 $1,820.65 $0.00 $0.00 $1,924.99 $0.00

2.0 96AB 15 $345.71 $1,820.65 $0.00 $0.00 $1,924.99 $0.00

2.1 96B 1 $691.43 $3,641.29 $0.00 $0.00 $3,849.98 $0.00

3 94 $0.00 $0.00 $1,140.91 $0.00 $1,924.99 $0.00

4 78 $0.00 $0.00 $477.37 $0.00 $1,924.99 $0.00

5 252 $0.00 $0.00 $1,618.27 $0.00 $1,924.99 $0.00

6 92 $156.82 $0.00 $0.00 $0.00 $1,924.99 $0.00

7 115 $0.00 $0.00 $0.00 $1,167.12 $1,924.99 $0.00

1024

FY 2015 Assessments

FY 2016 Proposed Assessments

CORY LAKES


ASSESSMENT SUMMARY

FISCAL YEAR 2016

US Security Associates, Inc. © 2015

Site Security Vulnerability Assessment

USSA Assessment Completed By

Name Luke Brant Title Regional Manager

Signature Luke Brant Date 05/01/15

Site Contact Information

Company Name CORY LAKE ISLES COMMUNITY ASSOCIATION

Address 10441 Cory Lakes Dr City Tampa State FL Zip 33647

Contact Name David Burman

Title Chairman & President POA

Phone

General Site Information

1. Number of employees working at location 10 Varies, depending time

2. Unionized workforce? N/A

3. Number of shifts working at location 1st 2nd 3rd Rover

4. Shift hours Depending 2P-10P 10P-6A 6P-2A

5. Number of employees working per shift 5 + 2 2 1

6. Year building was constructed 1999 to Present

7. Number of buildings on site 800 Homes and Facility Services

8. Square footage of the facility or facilities Community Housing

9. Building type (metal frame, cement block construction etc.) Housing

10. General description of surrounding area (rural, urban etc.) Urban – Low Threat Area

11. Does the company have existing security plans, policies and procedures ✓ Yes No

✓ Emergency Response ✓ Disaster Recovery ✓ Business Continuity

Exterior Area Security

Fencing & Gates

1. Does the site have fencing defining the property line? ✓ Yes No

2. Define the fencing scheme at the site Completely Fenced ✓Partially Fenced N/A

3. Is the employee parking area fenced? Yes ✓ No N/A Inside Garage Yes

4. Is the fence at least seven feet high? Yes ✓No N/A

5. Does the fence have a top guard? Yes ✓No N/A

6. Does the fence have signage warning against trespassing? Yes No N/A


7. Is the fencing material adequately secured to the top of the support rail?

Yes No ✓N/A

8. Does the fence need repair or attention? Yes ✓No N/A

9. Is the fence overgrown with vegetation? Yes ✓No N/A

10. Does the facility have vehicle gates? ✓Yes No N/A Number: 8

11. Does the facility have pedestrian gates? ✓Yes No N/A Number: 2

12. Are turnstiles being used on site? Yes No ✓N/A Number:

Lighting

1. Are lighting levels at the building entrances adequate? ✓Yes No

2. Are lighting levels at employee parking areas adequate? ✓Yes No

3. Are lighting areas at pedestrian or vehicle access gates adequate? ✓Yes No N/A

Access Control

Visitor Access

1. Is the general public allowed to walk freely throughout the facility?

✓Yes

No

2. Is visitor’s access to the facility limited to one particular entrance location?

Yes

✓No

3. Do visitors have designated or assigned parking areas? Yes ✓No

4. Are visitors required to sign in at a single and central location prior to gaining access to the facility?

✓Yes

No

5. Are visitors issued a “Visitor Badge” before gaining access To the facility?

Yes

✓No

6. Are the visitor badges numbered? Yes No ✓N/A

7. Are the visitor badges inventoried at the end of each day? Yes No ✓N/A

8. Are visitors escorted throughout the facility by a “Sponsor” Employee?

Yes

No ✓N/A

9. Is the visitor lobby monitored by CCTV coverage? Yes No ✓N/A

10. Is there a panic alarm at the visitor entrance? Yes No ✓N/A

Employee Access

1. Does the facility utilize electronic access control at employee entrances?

Yes

✓No

2. Does the electronic access system function properly? Yes No ✓N/A

3. Are employees required to wear Photo Identification Badges while on the premises?

Yes

✓No

Vehicle Access

1. Are there any methods in place to control vehicle access and egress?

✓Yes

No


2. Is a record being maintained for commercial, service, contractor and product transportation entering or leaving the site?

✓Yes

No

3. Are random security inspections being performed on inbound and outbound vehicles?

Yes

✓No

4. Are employees allowed to park within the secured perimeter?

✓Yes

No

Interior Area Security

Doors and Hardware

1. Are all exterior pedestrian entrances and exit doors lockable?

Yes ✓No N/A

2. Is all exterior door hardware functioning properly? Yes ✓No N/A

3. Are emergency exit doors equipped with properly functioning panic door hardware?

Yes No ✓N/A

4. Do exterior doors and doorframes appear to be sturdy and snug fitting?

Yes No ✓N/A

5. If roll-up or sliding doors (such as a delivery door) exist, are they equipped with proper locking devices?

Yes No ✓N/A

Windows

1. Ground floor windows at the facility can be described as

Fixed Pane Louvered that Open Sliding that Open ✓No Windows

2. If exterior ground floor windows can be opened, are they lockable in a secure manner to prevent forced entry?

Yes No ✓N/A

3. Do all exterior windows have drapes, blinds or a tinting film preventing someone from looking into the occupied space?

Yes No ✓N/A

4. Has landscape shrubbery grown or been planted in a manner that would allow a perpetrator to hide near a window?

Yes No ✓N/A

Locks and Keys

1. Is all locking hardware for exterior doors or openings and secured areas functioning properly?

✓Yes No

2. Is there a written key control policy in place for the facility? Yes ✓No

3. Does management maintain a current list of employees who have possession of facility and master keys?

✓Yes No

4. Is there a clearance process to account for keys upon an employee departure?

✓Yes No

5. Are the perimeter access points keyed different from the facility?

Yes ✓No

6. Who has keys to the perimeter? Management, Security

High Security / Restricted Security Areas

1. Are there any High Security Area requirements? (Computer rooms, phone rooms, critical processes, etc.)

✓Yes No


2. Are there any Restricted Security Area requirements? (Electrical sub stations, emergency generators, powerhouse, etc.)

Yes ✓No

3. If yes, who authorizes access?

4. Are access lists updated periodically? ✓Yes No N/A

Electronic Systems

1. Does the facility have an intrusion or burglar alarm system? Yes ✓No

2. Does the system function properly? Yes No N/A

3. How is the system monitored? Physical Security Checks

4. Does the facility utilize a closed circuit television (CCTV) system?

✓Yes No

5. Are the CCTV images being captured or recorded in order to achieve a reasonable image view during playback?

✓Yes No N/A

6. What is the storage media? (tape, DVR, IP)

DVR How long is media kept? (30, 60, 90 Days)

15 Days

7. Is there a response capability for alarms? Yes No N/A

8. Does the facility have duress or panic buttons? Yes ✓No

9. If yes, does the system function properly? Yes No N/A

10. Does the facility use metal detection? Yes ✓No

11. If yes, does the system function properly? Yes No ✓N/A

Fire Systems

Fire Alarm

1. Does the facility have a fire alarm system? Yes ✓No

2. If yes, does the system function properly? Yes No N/A

3. Is the system proprietary or centrally monitored? Proprietary Central ✓N/A

4. Is the system inspected and properly maintained? Yes No ✓N/A

Smoke and/or Heat Detection

1. Does the facility utilize smoke and/or heat detection? ✓Yes No

2. If yes, is it monitored by the fire alarm system? Yes ✓No N/A

3. Are the smoke detectors and/or heat detectors inspected and properly maintained?

Yes No ✓N/A

Fire System Water Storage

1. Does the facility have water storage tanks? Yes ✓No N/A

2. Number & Type (gravity feed, suction)

3. Capacity


4. Is there a connection to the city water supply? ✓Yes No N/A

Sprinkler System

1. Is the facility protected by a sprinkler system? ✓Yes No

2. If yes, is the system monitored by the fire alarm system? Yes No ✓N/A

3. Are the sprinkler systems inspected and properly maintained?

Yes No ✓N/A

Fire Pump

1. Does the facility have a fire pump? Yes ✓No

2. If yes, is the fire pump monitored by the fire alarm system? Yes No ✓N/A

3. Is the fire pump inspected and properly maintained? Yes No ✓N/A

Fire Extinguishers / Hose Reels

1. Does the facility have a sufficient number of fire extinguishers and/or hose reels?

Yes No ✓ Need more info

2. Are the fire extinguishers and/or hose reels being inspected and properly maintained?

Yes No ✓Need more info

Special Systems

1. Does the facility have any special systems (preaction, deluge etc.)

Yes ✓No

2. If yes, are the systems monitored by the fire alarm system? Yes No ✓N/A

3. Are the systems being inspected and properly maintained? Yes No N/A

Flammable Storage

1. Does the facility have a flammable storage area? Yes ✓No

2. If yes, is the area protected by a fire suppression system? Yes No ✓N/A

3. Is the area secured at all times? Yes No ✓N/A 4. Does the area have limited access to authorized personnel

only?

Yes No ✓N/A

Security Officer Post Conditions

1. Are Security Officers currently posted at the facility? ✓Yes No

2. If yes, is there adequate security coverage for the facility? ✓Yes No N/A

3. Is there a guard tour system in place at the facility? ✓Yes No

4. If Security Officers are currently at the facility, do they carry and operate a radio system?

✓Yes

No N/A


General Summary Cory Lake Isles is a gated community with 24-hr uniformed security and roving guards. Cory Lake Isles offers a 165-acre skiing and boating lake, tennis courts, three playgrounds, a hockey/skate rink, beach volleyball court, basketball courts and a large sand beach area for playing and sunning. The amenities associated with the clubhouse include a waterfront Beach Club possessing a workout facility, library, and a common area. Most homes are either waterfront properties, have water views, or have views of the 1700 acre adjoining nature preserve. The 12 miles of community roads are brick paved, and tropical foliage lines the two entries as well as other common areas. With regards to the duties of the Security Officers contracted by U.S. Security Associates, an emphasis has been placed on access control and customer service elements due to the lower than average crime rate pertaining to the surrounding area. Some of the largest concerns that relate to Cory Lakes Isles pertain to the limited easures to restri t a ess fro pedestria ’s i gress/egress poi ts. I additio , barriers that limit access to the lake and surroundi g area the pool are ’t suffi ie t. Also, unhampered access to the property via the portions of the perimeter that lack a sufficient barrier are an area of concern that can be addressed with relative ease.


Currently at Cross

Creek gate there

is no signage that

indicates height

clearance for

larger vehicles

No signage present

reiterating 100 %

identification policy

Speed limit is not

posted at entry way

Pedestrian Gate at

Cross Creek is not

monitored by CCTVs


Exit gate at Cross Creek is

not currently monitored

by CCTVs.


Pedestrian Gates are

not secured by any

locking mechanism.

There no signage

present that indicates

no trespassing.


Crime prevention through

environmental design (flower

pot) presents a hindrance to

bicyclists but does not

eliminate individuals from

gaining access


Shrubs and vegetation limit

illumination throughout –

street lighting is only

provided not the path above

No barriers or signage present that limits

access to unwanted personnel.


At Clubhouse entrance, currently there is

no markers that indicate the direct line of

path upon driving in and exiting.


No barriers present to

impede access to lake.


Access is not limited to unwanted

personnel, currently no key

control/access control measures to

prohibit unwanted activity.


Area not secure during peak

time, no signage present that

indicate operational hours. In

addition to rules and

regulations while occupying the

area

Pedestrian gate located at

Morris bridge are not

monitored by CCTVs nor

locked after hours


Improper lighting, unabated

pedestrian access due to

limited fencing and locking

mechanisms pertaining to it,

and missing CCTV coverage are

threats to this particular area


Shrubs and landscape can create

an area of concealment due to

limited visibility – Morris bridge

Entrance

Outer parcel line at

CLI is not fenced

and is open wood

line. Photo

represents Morris

Bridge entrance

and adjoining Fiji

Isle Place Access


Fiji Isle Place

Access - currently no

fence line or barrier

preventing access from

neighboring locations

Maui Isle – currently has open barb wired

fence. Area does not prevent access, currently

barb wire height is not sufficient enough to do

so. Standard height should be 7 feet.


Maui Isle – open wood line,

currently no barriers or

perimeter fencing.

This image reflects a land passage associated with Arbor Greene and Cory Lakes Isles – this

path a see o the left side of the i age o e ts the t o properties a d does ’t ha e a sort of barriers in place to limit access to residents or visitors in Arbor Greene. The location of

this image is across the street from Bermuda Isles


As explained in the previous paragraph, this image demonstrates the

connection between CLI and AG and focuses on the land pathway that can

be used to access CLI from AG.

This image points into the lake adjacent to the aforementioned land

pathway leading from Arbor Greene into CLI. As seen in the middle of the

image, the properties become much closer towards the end of the body of

water where it narrows and can serve as an additional access point to CLI

once this occurs.


This image was taken across from 10559 Cory Lakes Dr – The barrier associated

with this wooded area would be insufficient to keep out unauthorized individuals

from gaining access to CLI via this woodland expanse. This insufficient barrier runs

alongside Cory Lakes Dr until at least 10511 Cory Lakes Dr

This is the previously mentioned expanse associated with 10545 Cory Lakes

Dr. It is evident that there is a large area that features relatively limited

fencing associated with the woodland area.


This is an image associated with the view from 10511 Cory Lakes Dr – it is

included to demonstrate the lack of sufficient barrier pertaining to the

woodland area shown in the last three images.

This image shows the wooden fencing that runs alongside the entirety of the woodland that can be

accessed by turning left onto Cory Lakes Dr from the Morris Bridge Gatehouse – the exact location of

this image is adjacent to Maui Isles with a physical location of 18018 Maui Isle Dr. The entire expanse

located alongside Cory Lakes Dr on this side of the property is protected by this same simplistic

fencing material that would not be able to successfully deter any unauthorized individuals from

gaining access to CLI via the woodland area that predominately surrounds the property.


This image was taken from behind 10738 Cory Lakes Dr – it serves to show the

limited wooden barrier fencing that is the only thing standing in place of the

connection between CLI and Arbor Greene. The following picture will also

demonstrate this image from a 180 degree angle

This image is the perspective that runs along the division shown in the previous

picture by looking to the left as opposed to the previous image running to the

right. The location of this image is 10738 Cory Lakes Dr. The areas of main

concerns with this division are addressed in the next two images located

around 200 feet to the left of this image


This image was taken from the vantage point

associated with 10727 Cory Lakes Dr and serves to

show the complete access that anyone from Arbor

Greene could use to simply walk across and access

CLI without any barriers in place.

This image serves as a vantage point facing the right associated with the 10727

Cory Lakes Dr property shown in the last image. It serves to demonstrate a

complete lack of any barriers or fencing associated with the division from AG to

CLI. The next image will be taken from a 180 degree angle to show the severity

of this e pa se of ope area that does ’t feature a halle ges to a essi g CLI


This image was taken at a 180 degree angle from the last featured picture

located at 10727 Cory Lakes Dr – it shows the large expanse of unfenced

access associated with the property line running alongside the housing on

Cory Lakes Dr if you were to turn right onto Cory Lakes Dr from the Cross

Creek Gatehouse.


Crime Statistics 04/30/15 to 05/30/15 – Communities outside of CLI

Shoplifting – 18 incidents (40%)

Motor Vehicle Theft – 2 incidents (4.2%)

Vandalism – 7 incidents (7.6%)

Burglarly (Residential) – 7 incidents (15.6%)

Theft – 11 incidents (24.4%)


Incidents within close proximity of Cory Lake Isles

Theft – 2 Incidents

Both occassions have been isolated from the community

0

0.5

1

1.5

2

2.5

Thefts

Incident Breakdown By Crime Category Past 30 Days - CLI

Thefts

Events Last 30 Days (Overview) - Area Surrounding CLI


Upon evauluation of the statistics pertaining to crime in the area, they appear to be

minimal and outside of the circumeferene of Cory Lake Isle in comparison to other

areas within Tampa. The current security program, which enforces 100% screening and

verification of all personnel, has been shown to be effective in mitigating unauthorized

personnel on property.

Access to the property stands as a large factor in deterring crime trends present in the

area. The crime trend that is being cited involves thefts, which can be facilitated at CLI

by improper fencing and a present ease of access to the facility via the wilderness

areas that do ’t urre tl ha e suffi ie t arriers to keep u authorized i di iduals out

of the community. Concluding, these simple areas should be addressed in order to

ensure the maximum level of security measures and protocols are in place.

1

Cory Lakes Community Development District Facilities Manager July2015, Activity Report ________________________________________________________________________ BEACH CLUB

1. Attached disconnected high chair footrest. 2. Attached separated floor trim near patio deck door. 3. Attached loose back wood table chair. 4. Cleaned drains in front of Beach Club. 5. Pool attendant pressure washed Beach Club exterior.

CAPRI ISLE DRIVE

1. Family Fence required a 50% deposit before ordering materials for the ’ high, lf (amilton aluminum fence. WHA has confirmed that the check had been issued to Family Fence in the amount of $7,956.oo Family Fence confirmed that the y received the deposit and ordered the materials on July 6th. They estimate that the fence materials will take approximately four (4) weeks to be delivered. Once the material is delivered, Family Fence then estimates that construction of the fence will be scheduled to begin in less then a week.

2. A section of vinyl fence was recently blown over during high winds. Barneywood Service’s repaired the fence at a cost of $275.oo. GYMNASIUM

1. Fitness Logic replaced two (2) clevis shafts on the Life Fitness Elliptical machine to prevent it from making unusual noises.

2. Fitness Logic performed the quarterly maintenance which included the following:

Tested gym equipment for proper operation/function

Removed panels/covers and checked for worn parts

Checked belts for wear and correct tension

Checked for worn or loose parts

Cleaned equipment inside/outside

Lubricated guide rods/fittings In addition, Fitness Logic evaluated other equipment and will be submitting proposals to 1) replace the worn leg-press machine bearing & 2) replace the worn multi-gym machine chest-press cable.

2

POOL

1. On June 3rd, 2015 LMP took soil samples and in the process of digging around the landscape discovered that several of the palm trees had been planted too deep. Approximately or more of the tree trunk had been planted beneath the surface of the ground. The District requested that LMP provide additional inspection/information and proposals to address this problem. LMP indicated in their June 26, 2015th assessment that the soil is not draining properly in addition to several of the palm trees being planted too deep. Central Florida Soil Laboratory, of Bartow Florida, analyzed the soil condition and confirmed high levels of sodium exist in the soil. High levels of sodium in the soil are considered sodic and toxic. This type of soil is typically a poor clay based material that drains poorly and which appears to be very similar to the soil that comprises the mound. These following on-line resources will provide additional information on this topic:

http//:edis.ifas.ufl.edu/ep273 http://www.cropideas.com/salts.html# Basic Concepts In Waterlogging and Salinity http://www.ext.colostate.edu/pubs/crops/000504.html

2. On 6/17/2015, Shore Commercial Services, Inc. completed the warranty service by replacing the Impeller and Diffuser on the 15 HP pool slide pump.

3. Acquired current swimming pool permit #29-60-1544059 from the Florida Department of Health. The new permit will expire on 6/30/2016.

4. The following companies submitted estimates to install the decorative concrete curbing on both sides of the mound walkway:

COMPANY QTY AMOUNT Tampa Curbing 230 lf $1,840.oo A & A Development 230 Border Masters, Inc. 230 lf $2,530.oo Designer Curbing 230 No Estimate

5. Pool attendant completed the following tasks: Pressure washed bathhouse, pool deck, walkway & stairs. Reset sunken pavers near stairs. Removed rust from base of railings. Cemented & leveled base of railings. Painted base of the metal railing post. Repaired two (2) broken pool deck umbrellas.

PLAYGROUND On 7/7/2015, the shade (canopy) system for playground permit (# BLD-15-0438846) was issued to CLI by the City of Tampa.

http://www.cropideas.com/salts.html

http://www.ext.colostate.edu/pubs/crops/000504.html

3

LANDSCAPING The following two options were submitted by LMP for consideration: Option #1: LMP submitted proposal # 26667 ($3,695.34) to completely remove two (2) dead Fan Palm trees/roots, and one (1) dead Sable Palm tree/root from the pool mound area. In addition, install two (2) cubic yards of fill dirt to replace the soil missing from the remaining holes. Option #2: LMP submitted proposal # $ to flush-cut two dead Fan Palm trees, one (1) dead Sable Palm tree, and haul off and remove from the pool mound area.

1. LMP submitted proposal #26338 ($643.36) to install lantana, hibiscus, and bulbine plants in un-irrigated cul-de-sacs and island beds. Un-irrigated areas will carry no warranty unless watering occurs at $300 per day, twice per week.

2. LMP submitted proposal # 26339 $ . to replace freeze damaged plants in entrance islands 3. Approved LMP proposal # 26340 ($246.19) to replace plants damaged due to

traffic in cul-de-sac areas. 4. Approved LMP proposal # 26584 (24550) to replace one (1) faulty irrigation

controller (# near the children’s pocket park & lift station on Cory Lake Drive.

5. LMP completed proposal # 26352 ($1,800) to install 1,200 new summer seasonal flowers.

6. LMP completed proposal #26342 ($3,291.36) to remove four (4) declining Queen Palms, one (1) Mule Palm, one (1) Water Oak tree, and Trim and remove the moss from one (1) Live Oak tree.

7. LMP completed proposal #26251 ($1,617.50) to dig out and remove (1) Canary Date Palm tree and root system and replace with two (2) cubic yards of clean fill and install one (1) twenty-five gallon Red Cedar ’- ’ height.

8. Approved Barneywood Service’s proposal $ to remove an unsightly cluster of vines, weeds, small trees and brush from the east pond shoreline.

9. Received a letter from Thomas Medlock, President of OLM, Inc. that effective January 1, 2016, the monthly landscape inspection fee will increase from $1,000 to $1,050.00 per month.

LAKE MANAGEMENT

1. On 6/18/2015, Lake Masters Aquatic Weed Control, Inc. completed the sonar application to Cory Lake and returned on 7/2/2015 to check the results and Bill Kurth (Director of Operations) stated that the lake appear to be responding positively to the treatments. At some future date, Lake Masters intends to submit a proposal to introduce the Sterile Carp fish in order to help assist in maintaining the lake.

4

SECURITY

1. Relocated radar sign to the south side of Cory Lake Drive and downloaded additional speed information.

2. Adjusted the cabinet door at the Morris Bridge security gatehouse so it would close properly.

3. Adjusted the loose resident gate arm at the Morris Bridge security gatehouse to prevent it from sagging.

4. Gate Tech, )nc. has applied for a Knock Switch box with the Tampa Fire Rescue Fire Marshall. This box will contain keys that will allow Tampa Fire Rescue continuous emergency access to the community when the virtual guard system is activated at the Morris Bridge Gatehouse.

5. Performed monthly AC Filter replacements at both security gatehouse locations.

OTHER ACTIONS

1. Purchased & replaced the two (2) basketball hoops and installed two (2) new nylon nets.

2. Contacted TECO about installing two (2) power poles for holiday lighting. TECO advised us to contact an electrical contractor to submit an application to begin the process. Contacted several electrical contractors about providing two (2) power poles 40-60 amps for holiday lighting, at both sides of the Cross Creek entrance.

Electric Today, Inc.

Mister Sparky Company, Inc.

Himes Electrical Service, Inc. Met with Himes Electrical Service, Inc. and they have agreed to provide a proposal for this project. Action Plan for August

Kitchen Equipment & Restaurant/Cafe Follow Up

Hockey Rink Gate Repair

Replace Lock on Water Retention Structure

Holiday Lighting Follow-Up

Labels for Gym Weights

FACILITIES WORK ORDER

Cory Lakes Community Development District PROJECT: Remove Vegetation On Both Sides Of Bridge DATE: 7/16/2015 PROJECT #: 2015-108 REQUESTED BY: LAF Committee, OLM, Inc. PRESENTED BY: FJ BUDGET ACCOUNT: Storm Water Drainage (K-750) 6/2015 Bal. = +$9,144

BACKGROUND: The storm water drainage run off areas on both sides of the bridge, that is south of the pool mound area, is overgrown with a large amount of vegetation. OLM and LMP have indicated that this overgrowth could eventually present a problem by not allowing or impeding the free flow of water under the bridge especially during a major storm event. RECOMMENDATION: Recommend that the Board approve Barneywood Service’s proposal for $2,800 and direct the Facilities Manager to proceed. Approved: _____________________________________ Date: __________________

CORY LAKES


FINANCIAL STATEMENTS

UNAUDITED

MAY 31, 2015

1

General

DebtService

Series 1996

DebtService

Series 2013

DebtService

Series 2013A-1CapitalProjects

CapitalProjects

Series 2015

TotalGovernmental

Funds

ASSETS Operating account

Iberia - operating acct 378,859$ -$ -$ -$ -$ -$ 378,859$ MMK account 1,828,421 - - - - - 1,828,421

InvestmentsRevenue - 253,351 59,274 34,504 - - 347,129 Reserve - 68,500 52,409 250,854 - - 371,763 Redemption - 1,988 - - - - 1,988 Prepayment - - - 459 - - 459 Construction - - - - 3,401 - 3,401

Due from other funds General - 7,311 4,984 23,874 - 309,377 345,546

Deposits 23,365 - - - - - 23,365 Total assets 2,230,645$ 331,150$ 116,667$ 309,691$ 3,401$ 309,377$ 3,300,931$

LIABILITIES

Liabilities:

Accounts payable 1,515$ -$ -$ -$ -$ -$ 1,515$ Due to other funds

Debt service fund - series 1996 7,311 - - - - - 7,311 Debt service fund - series 2013 4,984 - - - - - 4,984 Debt service fund - series 2013A-1 23,874 - - - - - 23,874 Capital projects: 2015 309,377 - - - - - 309,377

Accrued payroll taxes 323 - - - - - 323 Total liabilities 347,384 - - - - - 347,384

FUND BALANCES

NonspendableDeposits 23,365 - - - - - 23,365

Restricted for:Debt service - 331,150 116,667 309,691 - - 757,508 Capital projects - - - - 3,401 309,377 312,778

Assigned3 months working capital 457,896 - - - - - 457,896 Renewal & replacement 311,100 - - - - - 311,100

Unassigned 1,090,900 - - - - - 1,090,900 Total fund balances 1,883,261 331,150 116,667 309,691 3,401 309,377 2,953,547

Total liabilities and fund balances 2,230,645$ 331,150$ 116,667$ 309,691$ 3,401$ 309,377$ 3,300,931$

CORY LAKES


BALANCE SHEET

MAY 31, 2015

GOVERNMENTAL FUNDS

Major Funds

2

Current

Month

Year To

Date

Adopted

Budget

% of

Budget

REVENUES

Assessment levy: net of discounts 16,702$ 1,692,643$ 1,806,583 94%

Interest and miscellaneous 474 19,881 25,000 80%

Total revenues 17,176 1,712,524 1,831,583 93%

EXPENDITURES

Administrative

Supervisors - 6,600 15,000 44%

Payroll services - 311 750 41%

Payroll taxes - FICA - 505 1,148 44%

Payroll taxes - unemployment - 28 405 7%

District management 2,412 31,490 59,840 53%

Assessment roll preparation - 7,760 7,760 100%

Bond amortization schedule fee - 700 1,500 47%

Disclosure report - 1,000 3,000 33%

Trustee - 10,182 8,254 123%

Trust accounting 690 9,008 14,259 63%

Audit - 6,500 4,200 155%

Arbitrage rebate calculation - 1,000 2,500 40%

Legal - general counsel - 8,864 15,000 59%

Legal - pool construction - 8,273 - N/A

Engineering - 7,294 10,000 73%

Insurance: general liability & public officials - 25,489 26,700 95%

Legal advertising - 172 3,000 6%

Bank fees - 95 75 127%

Dues & licenses - 175 175 100%

Office supplies 232 3,032 4,800 63%

Tax collector - - 75,274 0%

Contingencies - 150 500 30%

Total Administrative 3,334 128,628 254,140 51%

Debt service

Notes payable - Soave Group - DS - - 21,733 0%

Total Debt service - - 21,733 0%

Field operations

Utilities

Communication - 7,037 11,683 60%

Website - 150 1,020 15%

Streetlights - 74,784 131,821 57%

Electricity - 37,025 79,720 46%

Propane - - 400 0%

Water, sewer & irrigation - 9,172 10,000 92%

Solid waste removal 440 3,749 5,694 66%

Sewer lift stations - 11,126 2,500 445%

Total Utilities 440 143,043 242,838 59%

FOR THE PERIOD ENDED MAY 31, 2015

CORY LAKES


AND CHANGES IN FUND BALANCES

STATEMENT OF REVENUES, EXPENDITURES,

GENERAL FUND

3

Current

Month

Year To

Date

Adopted

Budget

% of

Budget


CORY LAKES




GENERAL FUND

Security operations

Security staffing contract services - 149,613 274,500 55%

Security staffing contract services - other - 2,404 16,000 15%

Contractual maintenance - 4,035 9,180 44%

Security equipment & maintenance - 33,155 - N/A

Special events and safety - - 6,000 0%

Total Security operations - 189,207 305,680 62%

Field office administration

Field manager 5,604 53,738 75,000 72%

Office administrator 4,037 42,936 46,852 92%

Payroll taxes 965 1,447 12,960 11%

Seasonal decorations - 17,000 17,000 100%

Beach club office equipment - 1,433 4,075 35%

Beach club office suppies 279 2,393 3,000 80%

Beach club gym supples - 464 1,500 31%

Guard office equipment - 381 1,000 38%

Guard office supplies - 1,017 2,000 51%

CMMS license & support - - 1,068 0%

Community events coordinator - 24,996 49,992 50%

Community events supplies - 18,235 30,000 61%

Special residential mailing - 982 3,000 33%Pool & beach club attendants - 31,736 55,000 58%Food service plans - - 500 0%Contingency 540 1,054 - N/A

Total Field office administration 11,425 197,812 302,947 65%

Landscape maintenanceLandscaping - 150,104 240,000 63%Mulch - 54,033 47,500 114%

Beach sand - - 6,500 0%

Annuals & seasonal plant installation - - 9,000 0%

Plant replacement - 39,845 40,000 100%

Sod replacement - 90 15,000 1%Well maintenance - irrigation - 975 6,000 16%Irrigation - maintenance - 4,701 10,000 47%

Tree removal - 7,970 10,000 80%

Inspection services - 7,000 12,000 58%

Irrigation/repair for select areas - - 10,000 0%

Lake & pond maintenance - 11,100 26,400 42%

Total Landscape maintenance - 275,818 432,400 64%

4

Current

Month

Year To

Date

Adopted

Budget

% of

Budget


CORY LAKES




GENERAL FUND

Facilities maintenanceOutside facilities maintenance 57 20,922 35,000 60%Cleaning - 6,664 15,000 44%

Pest control - 1,200 1,260 95%

Barcode database - 4,360 2,500 174%

Security gate maintenance & repair - 6,070 12,000 51%

Security gate maintenance & repair - other - - 5,000 0%Monuments & signs - 4,793 5,000 96%Fountains - 1,328 7,000 19%

Storm water drainage - 856 10,000 9%

Storage - 687 1,500 46%

Street sweeping - - 1,500 0%

Recreation equipment maintenance & repair - 5,434 20,000 27%Building equipment maintenance & repair - 6,888 20,000 34%Pressure washing - 20,820 10,000 208%

Paver repairs - 41,898 30,000 140%

Clear & repair monument lanters - - 7,500 0%

Commercial window cleaning - - 5,000 0%

Total Facilities maintenance 57 121,920 188,260 65%

Facilities maintenance (pool)Pool maintenance - 14,250 22,900 62%Pool repairs - 8,463 10,000 85%

Pool heater utilities 191 11,390 18,540 61%

Pool janitorial services - - 15,000 0%

Pool permit - - 575 0%

Pool contingency - 1,641 5,000 33%

Total Facilities maintenance (pool) 191 35,744 72,015 50%

Total Field operations 12,113 963,544 1,544,140 62%

Infrastructure reinvestment

Capital improvement programFitness equipment - 6,520 - N/A

Total Infrastructure reinvestment - 6,520 - N/A

Total Expenditures 15,447 1,098,692 1,820,013 60%


over/(under) expenditures 1,729 613,832 11,570

OTHER FINANCING SOURCES/(USES)

Transfer out - - (11,570) 0%

Total other financing sources/(uses) - - (11,570) 0%

Net change in fund balances 1,729 613,832 - N/A

Fund balance - beginning (unaudited) 1,881,532 1,269,429 - Fund balance - ending 1,883,261$ 1,883,261$ -$

5

Current

Month

Year To

Date Budget

% of

Budget

REVENUES

Assessment levy: 1996A net of discounts 1,073$ 108,870$ 121,220 90%

Assessment levy: 1996B net of discounts 424 43,021 47,875 90%

Prepaid assessments - 890 - N/A

Interest income 1 13 - N/A

Total revenues 1,498 152,794 169,095 90%

EXPENDITURES

Debt service

Principal 1996A 95,000 95,000 300,000 32%

Principal prepayment 1996B - 35,000 - N/A

Interest 1996A & B 28,863 58,833 60,301 98%

Total debt service 123,863 188,833 360,301 52%



Total other fees & charges - - 7,046 0%

Total expenditures 123,863 188,833 367,347 51%


over/(under) expenditures (122,365) (36,039) (198,252)

Fund balances - beginning 453,515 367,189 215,840 Fund balances - ending 331,150$ 331,150$ 17,588$

CORY LAKES

DEBT SERVICE FUND SERIES 1996





6

Current

Month

Year To

Date Budget

% of

Budget

REVENUES

Assessment levy: net of discounts 1,021$ 103,521$ 109,440 95%

Interest income - 4 - N/A

Total revenues 1,021 103,525 109,440 95%

EXPENDITURES

Debt service

Principal - 20,000 20,000 100%

Interest 40,659 81,818 122,477 67%







over/(under) expenditures (39,638) 1,707 (37,597)

Fund balances - beginning 156,305 114,960 37,597 Fund balances - ending 116,667$ 116,667$ -$

CORY LAKES

DEBT SERVICE FUND SERIES 2013





7

Current

Month

Year To

Date Budget

% of

Budget

REVENUES

Assessment levy: net of discounts 4,893$ 495,854$ 528,809 94%

Prepaid assessments - off roll - 6,830 - N/A

Interest income - 20 - N/A

Total revenues 4,893 502,704 528,809 95%

EXPENDITURES

Debt service

Principal 400,000 400,000 400,000 100%

Principal Prepayment 10,000 20,000 - N/A

Interest 54,470 109,076 158,400 69%







over/(under) expenditures (459,577) (26,372) (51,625)

Fund balances - beginning 769,268 336,063 51,625 Fund balances - ending 309,691$ 309,691$ -$

CORY LAKES




DEBT SERVICE FUND SERIES 2013A-1


8

Current

Month

Year to

Date

REVENUES -$ -$

Total revenues - -

EXPENDITURES

Total expenditures - -


over/(under) expenditures - -

Fund balance - beginning 3,401 3,401 Fund balance - ending 3,401$ 3,401$


CORY LAKES




CAPITAL PROJECTS FUND

9

Current

Month

Year to

Date

REVENUES

Assessments 3,053$ 309,372$

Interest & miscellaneous - 5

Total revenues 3,053 309,377

EXPENDITURES

Total expenditures - -


over/(under) expenditures 3,053 309,377

Fund balance - beginning 306,324 - Fund balance - ending 309,377$ 309,377$

CORY LAKES




CAPITAL PROJECTS FUND 2015


10

CORY LAKESCommunity Development District Series 1996A (CUSIP: 221034AC5)



11/01/2015 - - 8,793.75 8,793.75

05/01/2016 100,000.00 8.375% 8,793.75 108,793.75

11/01/2016 - - 4,606.25 4,606.25

05/01/2017 110,000.00 8.375% 4,606.25 114,606.25

Total $210,000.00 - $26,800.00 $236,800.00

11

CORY LAKESCommunity Development District Series 1996B (CUSIP: 221034AH4)



11/01/2015 - - 17,587.50 17,587.50

05/01/2016 8.375% 15,912.50 15,912.50

11/01/2016 - - 15,912.50 15,912.50

05/01/2017 380,000.00 8.375% 15,912.50 395,912.50

Total $380,000.00 - $65,325.00 $445,325.00

12




11/01/2015 20,000.00 5.000% 40,659.38 60,659.38

05/01/2016 - 40,159.38 40,159.38

11/01/2016 20,000.00 5.000% 40,159.38 60,159.38

05/01/2017 - 39,659.38 39,659.38

11/01/2017 25,000.00 5.000% 39,659.38 64,659.38

05/01/2018 - 39,034.38 39,034.38

11/01/2018 25,000.00 5.000% 39,034.38 64,034.38

05/01/2019 38,409.38 38,409.38

11/01/2019 25,000.00 5.000% 38,409.38 63,409.38

05/01/2020 37,784.38 37,784.38

11/01/2020 25,000.00 5.000% 37,784.38 62,784.38

05/01/2021 37,159.38 37,159.38

11/01/2021 30,000.00 5.000% 37,159.38 67,159.38

05/01/2022 36,409.38 36,409.38

11/01/2022 30,000.00 5.000% 36,409.38 66,409.38

05/01/2023 35,659.38 35,659.38

11/01/2023 30,000.00 5.000% 35,659.38 65,659.38

05/01/2024 34,909.38 34,909.38

11/01/2024 35,000.00 5.625% 34,909.38 69,909.38

05/01/2025 33,925.00 33,925.00

11/01/2025 35,000.00 5.625% 33,925.00 68,925.00

05/01/2026 32,940.63 32,940.63

11/01/2026 35,000.00 5.625% 32,940.63 67,940.63

05/01/2027 31,956.25 31,956.25

11/01/2027 40,000.00 5.625% 31,956.25 71,956.25

05/01/2028 30,831.25 30,831.25

11/01/2028 40,000.00 5.625% 30,831.25 70,831.25

05/01/2029 29,706.25 29,706.25

11/01/2029 45,000.00 5.625% 29,706.25 74,706.25

05/01/2030 28,440.63 28,440.63

11/01/2030 45,000.00 5.625% 28,440.63 73,440.63

05/01/2031 27,175.00 27,175.00

11/01/2031 50,000.00 5.625% 27,175.00 77,175.00

05/01/2032 25,768.75 25,768.75

11/01/2032 50,000.00 5.625% 25,768.75 75,768.75

05/01/2033 24,362.50 24,362.50

11/01/2033 55,000.00 5.625% 24,362.50 79,362.50

05/01/2034 22,815.63 22,815.63

11/01/2034 55,000.00 6.125% 22,815.63 77,815.63

05/01/2035 21,131.25 21,131.25

11/01/2035 60,000.00 6.125% 21,131.25 81,131.25

05/01/2036 19,293.75 19,293.75

11/01/2036 65,000.00 6.125% 19,293.75 84,293.75

05/01/2037 17,303.13 17,303.13

11/01/2037 70,000.00 6.125% 17,303.13 87,303.13

05/01/2038 15,159.38 15,159.38

$1,425,000

13




$1,425,000

11/01/2038 70,000.00 6.125% 15,159.38 85,159.38

05/01/2039 13,015.63 13,015.63

11/01/2039 75,000.00 6.125% 13,015.63 88,015.63

05/01/2040 10,718.75 10,718.75

11/01/2040 80,000.00 6.125% 10,718.75 90,718.75

05/01/2041 8,268.75 8,268.75

11/01/2041 85,000.00 6.125% 8,268.75 93,268.75

05/01/2042 5,665.63 5,665.63

11/01/2042 90,000.00 6.125% 5,665.63 95,665.63

05/01/2043 2,909.38 2,909.38

11/01/2043 95,000.00 6.125% 2,909.38 97,909.38

Total $1,405,000.00 - $1,521,803.13 $2,926,803.13

14

CORY LAKESCommunity Development District Series 2013 Refunding Bonds



11/01/2015 49,051.00 49,051.00

05/01/2016 410,000.00 2.710% 49,051.00 459,051.00

11/01/2016 43,495.50 43,495.50

05/01/2017 425,000.00 2.710% 43,495.50 468,495.50

11/01/2017 37,736.75 37,736.75

05/01/2018 435,000.00 2.710% 37,736.75 472,736.75

11/01/2018 31,842.50 31,842.50

05/01/2019 445,000.00 2.710% 31,842.50 476,842.50

11/01/2019 25,812.75 25,812.75

05/01/2020 460,000.00 2.710% 25,812.75 485,812.75

11/01/2020 19,579.75 19,579.75

05/01/2021 470,000.00 2.710% 19,579.75 489,579.75

11/01/2021 13,211.25 13,211.25

05/01/2022 485,000.00 2.710% 13,211.25 498,211.25

11/01/2022 6,639.50 6,639.50

05/01/2023 490,000.00 2.710% 6,639.50 496,639.50

Total $3,620,000.00 - $454,738.00 $4,074,738.00

$4,245,000

community development district agenda july...

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