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Heritage Bay Agenda 06/07/2018Heritage Bay Community Development District Board of Supervisors ❑ Edwin Hubbard, Chairman o Justin Faircloth, District Manager ❑ John May, Vice Chairman o Gregory Urbancie, District Counsel ❑ Dennis Gagne, Assistant Secretary ❑ Jeffrey Satfield, District Engineer ❑ F.Jack Arcurie, Assistant Secretary 0 Donna Hunter, Assistant Secretary Regular Meeting Agenda June 7, 2018 — 9:00 a.m. 1. Roll Call 2. Approval of Agenda 3. Public Comments on Agenda Items 4. Engineer's Report A. Water Testing Proposal B. Bathymetric Update C. CPH Extra Work Authorizations i. Lake Bank Restoration Inspections ii. Geotechnical Testing D. Project Updates i. Lake Bank Restoration Update ii. Emergency Lake Bank Restoration Update iii. Quality Enterprises Project Tracking Report S. Attorney's Report A. 30A/30B Boating Regulations Update B. Stormwatcr Management Rules and Policies Update C. Public Access Update D. Buoy Installation Update E. Heritage Bay Golf & Country Club, Inc. License Agreement 6. Old Business A. Lake Bank Repair & Maintenance Guidelines 7. New Business A. Consideration of Resolution 2018-8 Approving the Fiscal Year 2019 Budget and Setting a Public Hearing B. Meeting Schedule Discussion 8. Manager's Report A. Approval of the Minutes of the May 3, 2018 Regular Meeting B. Acceptance of Financials C. Field Manager's Report D. Lake & Wetland Management Monthly Inspection Report i. Truxor Concerns E. Follow Up Items i. Heritage Bay Commons Corrective Resolution ii. Summer Lake Bank Repair Update iii. FEMA Update 9. Supervisors' Reports, Requests, and Comments 10. Chairman's Comment 11. Audience Comments 12. Adjournment The next meeting is scheduled for July 12, 2018 at 9:00 a.m. District Office: Meeting Location: 210 N. University Drive, Suite 702 Heritage Bay Clubhouse Coral Springs, FL 33071 10154 Heritage Bay Boulevard 954-603-0033 Naples, FL EXHIBIT EI VV0K_K_ k6_ER__F0R_lVl Work Order Number H13604-2 Heritage Bay Community Development District Master Agreement/Contract Number. May 23, 2018 Contract/ProlectTlile iittia eBay Lake Restoration Purohave Order No. Consul PH, Inc, Cons vita ntjContraCt7o's Business Address, Phone Number, Fax Number and E-;maltAdcln3;s 50D West Fulton Street, Sanford, FL 32771 Email Address: jsalfieid@cphooro.com AT_fACHMENT ��TO fH-15 - WORK ORDER--'---'-'----- METHOD OF COMPENSATION U — XN RAVJVNGS/f5'L _X FIXED FEE E03ASI UNT OF F�j:j_,5_-__'-- O -NIT PRICE BASIS-NOTTO EXCEED AM_dGN_f__ TE�S AlSb _ C ONDITIONS TIME FOR GOMPLETION: 120 Days of the effective dale to this Work Order Ef fectIvo date -this Work Order; Date of Execution by Client Time for completion; The servirast.—b.—provided -by—the —Consu—Itant/Cofltmetor shall commence upon execution of this Work Order by the parties and shall be completed within the time frame Indicated above. Fallore to meet the stated completion requirement maybe grounds for termination for default. Work Order Amount: Dollars Expressed In Numbers; $ 108,000-00 Dollar Amount Written Out: One Hundred Eight ThousandDollars Vlitness Whereof, ih parlies hereto have rnde_a_nd executed this Work Orderon the'es7ectjve delasunder sell signature; The Client by and through Its duty authorized corporate officer and the Consultant/Contractor by and through Its dilly authorized corporate officer having the full and complete authority to execute same. CIPFI' Inc. jeffre I Satfield, P.E. May 24, 2018 Printed Nlarne�Tttle, 8, Dale Htrita e9a ,r"a 51 tur Justin Faircloth, Assistant District Manager Printed NIlrna, Title, aril Dale. C:XUsersljsatfjeld\Desktop\HBlCopy of Exhibit 6 --WORK ORDER --Generic C: a) O t @ ¢ h'e W CL oU a 0 0 D 0 0 CD x o qLO Q t cli W LU ti Gq N U- o O 75 > Q- W O To 00 0 No000 LD MOM < o W C M O`Q 0 _ Nr' - ® Ul) T 69 E4 � 61 N cu O CL 3 E j N ; y C ? E H- O to ILlb W t0 F— O O Q � Q O O X N w Q T LL. U- O Q 2 O O ®1 W 0 O O O O NtOn LnQLO E ---3 c N d to O Q X To ocT r r Eii r Efi ffl ffl O N .�. n. E to p > J r X O ¢ w > cn o o w a w I �Q OQ Z m to O •c .n p U /�1 fn U QSa 1102y' U Q Q (o N ® — — N N O OCL 0 L� �*_ !- L. V mN Q Ci N v EO U O p p N ym 3 U V70"o° Q o — N r N w -0 C Oa)Q. m ° v, Q oLL U a °o r U a m r c C N a E _ p cn O o Q U c ci v c i E� ¢ o LO ca co C > O O *- 2.4 - O N o a 0 a co O 0 O... ca Y p U U O co >m aa) U I= co m O CD co eO o Q m d`o Cc Uma o °) C: W W W z m m O m a0 _O � 0 Q> w fii 8 0 cm CD O u5 (d 0 c co E- m o O me U4 a� cm cu oa, =Z2 c�cnti C c� c; U rn d o v E M0 61 j O "2 61 Co ` Z '4 CCD LI(D) O W to fo U 7 Q CL CL U Z 'p to 'O S 0av CD os Q°, a°, 4)E ma �U v (DF- � CL C.D a O '- O cii th n` May 25, 2018 Mr. Justin Faircloth Heritage Bay Community Development District c/o Inframark Management Services Justin.faircloth@inframark.com 5911 Country Lakes Drive (239) 245-7118 Office Fort Myers, Florida 33905 (239) 245-7120 Fax Description Most recent service completed on May 21st, Below observations were noted on Monday, May 21St Lake 1 - Chara (low density) Treated on 5/21/18 Lake 2 - No Issues Lake 3 - No Issues Lake 4 - No Issues Lake 5 - Pondweed has responded to past treatments and is now completely dead Lake 6 - Chara (low density) Lake 7 - No Issues - pond treated for torpedo grass Lake 8 - No Issues - pond treated for torpedo grass Lake 9 - No issues - pond treated for torpedo grass Lake 10 - No issues - pond treated for torpedo grass Lake 11 - No Issues Lake 12 - No Issues Lake 13 - No Issues Lake 14 - No Issues Lake 15 - No Issues Lake 16 - No Issues Lake 17 - No Issues Lake 18 - No Issues Lake 19 - Treated for Pondweed on 4/2/18 & 4/19/18 - Pondweed almost eradicated Lake 20 - No Issues - Pondweed no longer a problem Lake 21 - No Issues Lake 22 - No Issues Lake 23 - No Issues Lake 24 - No Issues Lake 25 - No Issues Lake 26 - No Issues Lake 27 - No Issues Lake 28 - Planktonic Algae - treated on 5/14/18. During inspection, pond looking much better Lake 29 - Chara (low density) Treated on 5/21/18 - pond also treated for torpedo grass Lake 30A & 30B - Truxor onsite two full days (5/2/18 & 5/3/18). Harvesting and raking out pondweed Lake and Wetland Management, Inc. Orlando -Tampa (239) 313-6947 Office • (239) 313-6950 Fax • westcoast@lakeandwetlond.com • www.lakeandwetland.com May Inspection Report _ _ Page 2 With the increase in rain frequency, lake levels will begin to rise and algae blooms are more likely to occur. We will continue to treat all issues including any submersed growth. If you have any questions or concerns, please let us know. Thank you, // Gonzalo Ayres Lake and Wetland Management Orlando -Tampa, Inc. Gonzalo.Ayres@Lakeandwetland,com (239) 580-8711 cell Lake and Wetland Management, Inc. Orlando -Tampa (239) 313-6947 Office • (239) 313-6950 Fax • westcoast@lakeandwetland.com • www.lakeandwetland.com im 11111 Ili 1, ffmo III 1 11111111111111111111111111 =am Fffmg�M � I iiiiiiiiiiii'�llil!ll iii'llillillillillillillillillillillilli�� The following is intended to serve as a guideline for the CDD when making decisions for lake bank maintenance and/or repairs. This document is also intended to define +,he roles and responsibilities of the CDD and the Club by: * Providing for an effective means of communication with homeowners concerning issues related to lake banks • Ensuring compliance with the "Amended and Restated Mutual Memorandum of Understanding Between The Heritage Bay CDD and Heritage Bay Golf and Country Club" dated September 7, 2015 • Coordinating with the CDD's promulgated rules entitled "Stormwater Management Rules and Policies for Heritage Bay Community Development District". Is Coordinating with the Heritage Bay Green Committee document entitled "Green Committee Lake Bank Maintenance and Planting Policy" 1 1�1111 111111111111111111111111111111111 It The CDD has responsibility for all lake banks up to the CDD's existing property lines properties owned by thle C-'IDID 'fee simple, Tihe adjacent owner, either a homeowneir -Wf--- the Club (common grounds and golf course) will he responsible for any maintenance its property. -1 he CDD will maintain the required original permitted lake bank slopes as defined in our operational permits except as to damage caused by others for which the CDD ma seek corrective action. I Repairs will be recOmm.-Inde C14 by the CDD's Manage -r and approved by the Board Of Supervisors based on 1.) monthly reviews of the surface water management system, a prioritization system for identifying and addressing the most significant issues to ensure operating within our existing annual O&M budgets and 3.) by assessing any risks of delaying lake bank repairs Recommended repairs will be conducted by qualified contractors with input from the CDD As stated in the Memorandum of Understanding between the CDD and the Club, "the Heritage Bay Community Association will continue to perform daily routine lake bank maintenance, as required, on the golf course side due to damage created by operational issues and maintenance practices 2 Inom mi�� -Lake Bank Repair and Maintenance Guidelines - 4 The CDD has identified the following repairs which have been effectively implemented on our lake banks: All recommended repairs, as suggested by the CDD and/or the contractor performing the planned work, will be reviewed by the District Engineer to ensure the best and most up to date industry practices Vertical erosion from homes and buildings ->reference "Stormwater Management Rules and Policies for Heritage Bay Community Development District" which determines the most effective repair and homeowner/HOA responsibilities ->procedures typically involve restoring the damaged lake bank and moving th damaging water discharges from the source into the lake. ->install new • plantings, if appropriate, in the area of the new lake bank defined in ',he project requirements I Step erosion >-rebuild the lake bank by either pulling up washed materials from the lake bottom or bring in materials to achieve the correct slope and utilize cocoa matting or riprap to secure the new lake bank ->install new littoral plantings and the appropriate grass (St. Augustine or golf course grass), if appropriate, in the area of the new lake bank as defined in the project requirements 3 'Washouts caused by cart paths -> con sidel installation of drains installed Witk;rtl ae cart pathth and attach piping and run into the lake 'below the control elevation" -> Potential deviation from installing drains is the use of concrete flumes to direct all waters from the cart path directly into the lake ->rebuild lake bank, as appropriate, and secure with either cocoa matting or rip rap and plant littorals as directed in thepr 0J Ject NOTE: all lake bank repairs scopes of work should include the plantingfreplanting of littorals as part of the project, if appropriate fl 11 1111111111!, iiiiiii��illi I 111 111111 IIII11pilill 111111 111111� 11111111111111! 111 -Lake Bank Repair and Maintenance Guidelines- • The CDD is responsible for the onagoing lake bank maintenance to consist of the spraying out of weeds and invasive plants, including the maintenance of the entire lake surface area and keeping it clear of weeds, grasses, algae, etc. • The CIDD does NOT plant grasses (cord grass, muhly grass, fakahatchee grass) on any lake banks and all recommended plantings, considered by the Club (golf course or common grounds) should be planted ABOVE the control elevation as plants below this elevation are subject to dying due to extended submersion during the wet season • Grass plantings below the control elevation which require trimming/cutting back multiple times per year contribute to our lake issues of algae and hard to control weeds • The CIDD DOES have responsibility to plant and maintain aquatic plantings (littorals) in all lakes. These are designed to be planted in and around the water and may grow up on to the lake banks but no grass plants are purposely planted on the lake bank by the CDD • Ideal littoral plantings consist of spike rush, arrowhead and pickerel weed; canna should only be planted in areas where a good source of watteris available • The Club (golf course or common grounds) may elect to remove existing grass plants (with consultation with the CDD to ensure the lake bank is stabilized) and plant golf course grass or the typical St. Augustine grass down to the control elevation. • Clean lake banks (banks without excessive grass plant growth) permit easier maintenance as well as allowing for more easily monthly inspections 5 ,�1& IN FR AMA RK 1_!?V MrRASTRUCI URE MANAGDAENT SERVICE'S June 6, 2018 To: Heritage Board of Supervisors From: Bob Koncar — General Manager RE: Requested Fee increase Analysis Introduction: Board members, we greatly the par',Dersh vviah the Heritacle BagP community Development District and Particularly with the Board members and certainly want to continue this relationship. I wanted to apologize for not providing more detailed information and/or data to support our proposed fee increase with the original request. I wanted to be at your meeting in person, but I have another Board meeting that conflicts with your meeting. For easy reference the original fee request memo is contained at the end of this updated memo. Our goal in requesting the fee increase is to make the Board aware of our situation (from a profit standpoint) and to statistically identify the level of effort that the Inframark team has been delivering on behalf of the District. Recommendation: Inframark is requesting a 19% fee increase to cover 50% increase in workload and operational losses incurred for the Heritage Bay project. We are requesting consideration of the following increases: District Management services $41,793 $50,000 $6,207 Assessment Services $5,464 $6,502 $1,038 Field Services $11,535 $13,726 $2,191 Website Maintenance $773 $1,000 $227 Total $59,565 $71,228 $11,663 If the Board were to reduce the number of meeting from the current 12 to seven annually, we would reduce our requested District Management Services requested increase by $3,500 from the $50,000. If the Board were to add an additional meeting (beyond the seven annual meetings) inframark would charge an additional $750 per meeting. Increased Work Load: Inframark maintains a time sheeting program for all our employees through which we identify the number of hours each individual works on each District monthly. We are thus able to identify a specific cost of providing service to each of our clients by employee and by Department (within which they work). The Departments providing service to Heritage Bay include the Financial Department, Recording Department, District Management Team, Field Team and Administrative Support. The analysis of the work effort provided to Heritage Bay from May 2017 through April 2018 shows that we have significantly increased our work effort for the District during the review period. Most particularly over the past six months (from November 2017 through April 2018). The analysis has been displayed on the graphic that is attached to this memo. The analysis reveals the following: Average hours worked per month from May 2017 through October 2017 was 73 hours a month. Aver * Average hours work a per mo, nth from 1141ovembee 20117 through April 2,018 was 105 hoi-irs per month- * This represents an increase of 50% in the monthly workload for the past six months. This hourly analysis has been translated into a cost of service analysis and when compared to the revenue received from the District we are losing money, ie two major factors impacting the increased work effort for the Inframark team are: The increase in the number of meetings from every other month to every month. This has increased the level of effort for all 111-11ramark Departments, increasing our cost of service to the District. Irl I pro;ectshave T special const- — bn proic-ts and bl to hurricane re overy efforts. hese 'VJ uL significantly increased the workload for the District Manager and his time onsite. Fee Analysis: District Management Services: propoSe� increase of 4�% is directly related to the increased workload of the District The U I 1:�l I I e Manager in preparing, attending and following up on the additional Board meetings he is attending. Also, he has spent a significant amount of time onsite attending to the various projects that the District is currently involved with. One of the major effort's has been the follow up on the FEMA claims that the District is pursuing because of the hurricane- As noted in the houriv analysis, his time has increased by n% over the past six months. Assessment Services. The assessment services provided to the District include the following activities: * Preparation of the assessment table for the proposed and adopted budget. * Administration of the tax roll as it relates to the analysis of assessment collections. * Customer service activities related to the assessments, responding to questions, providing detailed information to residents, following Lip on realtor calls and other requests. * These services are provided monthly throughout the year. * The proposed increase is based upon the increase workload for the Department. Field Services: The field services activities by Inframark have been ramped over the past six months due to the ff follow 1up required for "he FEIVIA e-1 , orts and field SenIice. reports. Inframark hired an environmental consulting firm IT'- Hall and Associates) eight months ago to provide expertise in reviewing the community on a regular basis. We have also brought on Brandon Romine (a full time Inframark employee) to work with Tim Hail and Associates to develop the monthly environmental reports. In is important to remember that three years ago we reduced our field service fee to the District. The proposed increase requested represents I a -7.5% increase when the reduction in our fee for k this service is taken into consideration. In summary, we very much want to continue our relationship with the Heritage Bay Community Develo-ment District and are respectf, I!%, req, —stin-i 11— ------ ;Ae, +;o- of o -F V -, " Y 'J�u Z� Y ��.l IS11J. I at.] I I U1 180 increase. fo� Heritage Bay Board Members FROM, Justin Faircloth SUBJECT- District Management Services Budget information Thank you for the opportunity to provide you with the follo\Mng pricing information for consideration in your budget preparation. We are currently losing money on the contract based upon the additional meetings that have been added to the meeting calendar. The contract is currently based on seven meetings per year. In FY 2018 there were eight rneetings, and twelve meetings were scheduled for FY2O18. hovw*vor, to date there have already been twelve meetings due to the significant issues the District' has been addressing with the lake banks. There are two primary aspects to our increased costs, the normal cost of doing business increases that come with all businesses from year to year and the increased coots of the additional work we have been doing for the District, The increased efforts result in increased costs for not only the 0utdot Manager, but the finance depertmoant, and the recording department. These factors have combined to result in Inframark losing money on the contract. Our goal is to retain Heritage Bay as one of our valued customers, but we are requesting that this issue beconsidered bythe Board. We have developed a pricing model that allows us to make a reasonable profit while maintaining a high level of service for the District. We appreciate your consideration of this request. Description of Service Current Proposed Increase District Management services $41,793 $50,000 $8,207 Assessment Services $5,464 $6,502 $1,038 Field Services $11.535 $13.726 $2.181 VVehsh*K4aiN*nenoo $773 $1,000 $227 Total $59,565 $71,228 $11,663 {nfnan7adk 15911Country Lakes Drive Fort Myers, FL33085|23Q.245,7118 fill] - .. p . ., O N NINAMMERREMAIM ru —rs Community Development District Annual Operating and Debt Service Budget Fiscal Year 2019 Version 3 - Proposed Budget (5/31/18) Prepared by: I N FRAMARK �� D.tidScArTi i✓i�;`L%9t S. L..�A.N .la sS.MfttiT J4 R,'v 3f_�`i Community Development District Budget Overview Fiscal Year 2019 HERITAGE BAY Community Development District Table of Contents Page # OPERATING BUDGET General Fund Summary of Revenues, Expenditures and Changes in Fund Balance ................................... 1 -2 Exhibit A - Allocation of Fund Balances............................................................................ 3 BudgetNarrative......................................................................................................... 4-7 DEBT SERVICE BUDGET Series 2018 Summary of Revenues, Expenditures and Changes in Fund Balances ................................... 8 AmortizationSchedule.................................................................................................. 9 BudgetNarrative............................................................................................................... 10 SUPPORTING BUDGET SCHEDULES 2018-2019 Non -Ad Valorem Assessment Summary ................................................................. 11 cl=1 Community Development District Operating Budget Fiscal Year 2019 HERITAGE BAY Community Development District General Fund Summary of Revenues, Expenditures and Changes in Fund Balances Fiscal Year 2019 Proposed Budget ADOPTED ACTUAL ACTUAL BUDGET ACCOUNT DESCRIPTION FY 2016 FY 2017 FY 2018 ACTUAL PROJECTED TOTAL THRU MAY- PROJECTED APR -2018 SEP -2018 FY 2018 ANNUAL BUDGET FY 2019 REVENUES 8,000 12,000 10,000 2,000 12,000 12,000 520 Interest - Investments $ 439 1479 $ 400 $ 1,593 $ 225 $ 1,818 $ 400 Interest - Tax Collector - - - 18 (18) - - Special Assmnts- Tax Collector 250,000 250,000 355,190 352,760 2,430 355,190 355,190 Special Assmnts- Lakes 30A & 308 - - 60,923 60,506 417 60,923 60,923 Special Assmnts-Reserves 31,250 31,250 31,250 31,036 214 31,250 31,250 Special Assmnts- Discounts (12,759) (12,604) (17,895) (16,582) - (16,582) (171895) TOTAL REVENUES 537,195 384,098 429,868 429,331 3,268 432,599 429,868 EXPENDITURES Administrative P/R-Board of Supervisors FICA Taxes ProfServ-Dissemination Agent ProfServ-Engineering ProfServ-Legal Services ProfServ-Mgmt Consulting Sery ProfServ-Property Appraiser ProfServ-Special Assessment ProfServ-Web Site Maintenance Auditing Services Postage and Freight Insurance - General Liability Printing and Binding Legal Advertising Misc-Bank Charges Misc-Assessmnt Collection Cost Misc-Web Hosting Office Supplies Annual District Filing Fee Total Administrative 6,800 8,000 12,000 10,000 2,000 12,000 12,000 520 612 918 765 153 91B 918 - - - - 1,500 4,039 42,494 14,000 67,347 15,000 82,347 14,000 6,052 20,844 7,500 16,726 23,416 40,142 7,500 39,394 37,195 41,793 24,379 24,379 48,758 50,000 5,156 - 6,710 5,156 - 5,156 6,710 5,150 5,305 5,464 5,464 - 5,464 6,502 481 1,505 773 451 322 773 1,000 3,600 3,823 3,823 3,823 3,823 3,914 636 1,731 2,500 2,596 104 2,700 2,500 14,348 12,040 13,244 15,389 - 15,389 15,389 910 1,450 1,300 3,705 542 4,247 1,339 3,364 1,989 3,700 4,354 3,626 7,980 3,700 83 - 100 1 36 37 100 4,042 4,428 8,947 8,554 53 8,607 8,947 - - 900 - 900 900 900 33 - 100 - 71 71 100 175 175 175 175 - 175 175 94,783 141,591 123,947 165,062 74,425 239,487 137,196 Annual Operating and Debt Service Budget Fiscal Year 2019 Page 1 HERITAGE BAY Community Development District General Fund Summary of Revenues, Expenditures and Changes in Fund Balances Fiscal Year 2019 Proposed Budget Annual Operating and Debt Service Budget Fiscal Year 2019 Page 2 ADOPTED ACTUAL PROJECTED TOTAL ANNUAL ACTUAL ACTUAL BUDGET THRU MAY- PROJECTED BUDGET ACCOUNT DESCRIPTION FY 2016 FY 2017 FY 2018 APR -2018 SEP -2018 FY 2018 FY 2019 Field ProfServ-Field Management 12,360 12,731 11,536 6,729 3,183 9,912 13,726 R&M -Contingency 318 - 1,187 - 594 594 594 Total Field 298,313 12,731 12,723 6,729 3,776 10,505 14,320 Lakes and Ponds Contracts -Lake and Wetland 64,682 63,947 71,200 42,000 29,200 71,200 71,200 Contracts -Lakes 30A & 306 - 12,000 12,000 7,000 6,000 13,000 12,000 Contracts -Water Analysis - - 9,861 - - 9,861 9,861 Contracts -Water Quality Monitoring 5,642 33,807 45,992 22,996 22,996 45,992 45,172 R&M-Aquascaping 2,600 1,950 5,000 - 2,275 2,275 5,000 R&M - Stormwater System - - 4,000 - - - 4,000 R&M -Lake Erosion 13,430 47,550 24,455 22,725 67,500 90,225 35,000 R&M -Contingency - 4,175 10,062 - 2,088 2,088 5,000 Improvement -Lake Bank Restoration - 1,813,041 - - - Reserve - Lakes - 31,250 31,250 Reserve - Stormwater System - - 18,455 - 59,871 Total Lakes and Ponds 86,354 163,429 2,045,316 94,721 130,059 234,641 278,354 Debt Service Operating Loan Repayment - 167,354 30,660 15,351 2,218 17,569 - Interest Expense -Note 3,528 5,631 30,263 1,796 232 2,028 Total Debt Service 3,528 172,985 60,923 17,147 2,450 19,597 - TOTAL EXPENDITURES 482,978 490,736 2,242,909 283,659 210,710 504,230 429,868 Excess (deficiency) of revenues Over(under)expenditures 54,217 (106,638) (1,813,041) 145,672 (207,442) (71,631) - OTHER FINANCING SOURCES (USES) Loan/Note Proceeds 246,462 1,813,041 - - Contribution to (Use of) Fund Balance - - - TOTAL OTHER SOURCES USES 246,462 - 1,813,041 - - - Net change in fund balance 300,679 (106,638) - 145,672 (207,442) (71,631) - FUND BALANCE, BEGINNING 95,269 $ 395,948 289,310 289,310 - 289,310 217,679 FUND BALANCE, ENDING $ 395,948 $ 289,310 $ 289,310 $ 434,982$ (207,442) $ 217,679 $ 217,679 Annual Operating and Debt Service Budget Fiscal Year 2019 Page 2 HERITAGE BAY Community Development District Exhibit "A" Allocation of Fund Balances AVAILABLE FUNDS Amount Beginning Fund Balance - Fiscal Year 2019 $ 217,679 Net Change in Fund Balance - Fiscal Year 2019 - Reserves - Fiscal Year 2019 Additions 91,121 Total Funds Available (Estimated) - 9/3012019 308,800 ALLOCATION OF AVAILABLE FUNDS Assigned Fund Balance Operating Reserve - First Quarter Operating Capital 84,687 Reserves - Erosion Control 14,687 Reserves - Lakes (Prior Years) 62,500 Reserves - Lakes (FY18) 31,250 Reserves - Lakes (FY19) 31,250 125,000 Reserves - Stormwater System (FY18) 18,455 Reserves - Stormwater System (FY19) 59,871 78,326 Reserves - Loan FY18 4,750 4,750 Subtotal 307,450 Total Allocation of Available Funds 307,450 Total Unassigned (undesignated) Cash $ 1,351 Notes (1) Represents approximately 3 months of operating expenditures Annual Operating and Debt Service Budget Fiscal Year 2019 Page 3 HERITAGE BAY Community Development District Budget Narrative Fiscal Year 2019 General Fund REVENUES Interest -Investments The District earns interest on the monthly average collected balance for their money market accounts. Special Assessments -Tax Collector The District will levy a Non -Ad Valorem assessment on all sold and platted parcels (using the uniform method) within the District in order to pay for the operating expenditures during the Fiscal Year. Special Assessments -Reserves The District will levy a Non -Ad Valorem assessment on all sold and platted parcels (using the uniform method) within the District in order re-establish reserves which were depleted due to the District having to address numerous lake bank erosion issues. Special Assessments -Lakes 30A & 30B The District will levy a Non -Ad Valorem assessment on all sold and platted parcels (using the uniform method) within the District in order to pay for the repair of Lakes 30A & 30B and any impending debt associated with making repairs. Special Assessments -Discounts Per Section 197.162 and Section 197.3632 of the Florida Statutes, discounts are allowed for early payments of assessments collected by the Tax Collector and only when the Tax Collector is using the uniform methodology. The budgeted amount for the fiscal year is calculated at 4% of the anticipated Non -Ad Valorem assessments. EXPENDITURES Administrative P/R-Board of Supervisors Chapter 190 of the Florida Statutes allows for members of the Board of Supervisors to be compensated $200 per meeting at which they are in attendance. The amount for the Fiscal Year is based upon all supervisors attending all meetings. Professional Services -Engineering The District's engineer provides general engineering services to the District, i.e. attendance and preparation for board meetings when requested, review of invoices, and other specifically requested assignments. Professional Services -Dissemination Agent This line item is to cover dissemination services as required. Services are provided by Inframark. Professional Services -Legal Services The District's attorney provides general legal services to the District, i.e., attendance and preparation for Board meetings, review of contracts, agreements, resolutions and other research as directed or requested by the BOS District Manager. Professional Services -Management Consulting Services The District receives Management, Accounting and Administrative services as part of a Management Agreement with Inframark Infrastructure Management Services. Inframark manages all of the District's financial activities such as accounts payable, financial statements, auditing and budgeting in accordance with the management contract in effect. Annual Operating and Debt Service Budget Fiscal Year 2019 Page 4 HERITAGE BAY Community Development District General Fund Budget Narrative Fiscal Year 2019 EXPENDITURES Administrative (continued) Professional Services -Property Appraiser The Property Appraiser provides the District with a listing of the legal description of each property parcel within the District boundaries, and the names and addresses of the owners of such property. The District reimburses the Property Appraiser for necessary administrative costs incurred to provide this service which is based upon 1.5% of the anticipated Non -Ad Valorem assessment collections. Professional Services -Special Assessment This is the Administrative fees to prepare the District's special assessment roll. Professional Services -Web Site Maintenance The cost of web hosting and regular maintenance of the District's website by Inframark Infrastructure Management Services. Auditing Services The District is required to conduct an annual audit of its financial records by an Independent Certified Public Accounting Firm. The budgeted amount for the fiscal year is based on contracted fees from an existing engagement letter. Postage and Freight Actual postage used for District mailings including agenda packages, vendor checks and other correspondence. Insurance -General Liability The District's General Liability & Public Officials Liability Insurance policy is with Public Risk Insurance Agency, Inc. They specialize in providing governmental insurance coverage. The budgeted amount projects a 10% increase in the premium. Printing and Binding Copies used in the preparation of agenda packages, rp.quirPri mailings, and other special projects. Legal Advertising The District is required to advertise various notices for Board meetings and other public hearings in a newspaper of general circulation. Miscellaneous -Bank Charges In the rare event of bank service charges from operating or money market accounts, the cost will be assigned here. Miscellaneous -Assessment Collection Costs The District reimburses the Collier County Tax Collector for necessary administrative costs. Per the Florida Statutes, administrative costs shall include, but not be limited to, those costs associated with personnel, forms, supplies, data processing, computer equipment, postage, and programming. The District also compensates the Tax Collector for the actual cost of collection or 2% on the amount of special assessments collected and remitted, whichever is greater. The assessment collection cost is based on a maximum of 2% of the anticipated assessment collections. Miscellaneous -Web Hosting The District incurs the cost of owning the Heritage Bay CDD web domain. Annual Operating and Debt Service Budget Fiscal Year 2019 Page 5 HERITAGE BAY Community Development District Budget Narrative Fiscal Year 2019 General Fund EXPENDITURES (continued) Field Office Supplies Supplies used in the preparation and binding of agenda packages, required mailings, and other special projects. Annual District Filing Fee The District is required to pay an annual fee of $175 to the Department of Economic Opportunity Division of Community Development. Professional Services -Field Management Field Management Services for the District is performed by Inframark Infrastructure Management Services. This includes the regular inspection of all District assets and contractor performance monitoring. Items include but are not limited to: irrigation systems, ponds, wetlands, preserves, roads, street signs, sidewalks and drainage systems. A monthly report is provided for the Board's review to allow for their consideration of issues and action to consider. R&M -Contingency All other field expenses that do not fall into the category described above will be expensed to contingency. Lakes & Ponds Contracts -Lake and Wetland A contract was negotiated with Lake & Wetland Management for monthly lake maintenance of the District's lakes and littoral shelf maintenance which includes approximately 14.52 acres. Fluorodine Treatment was added May 2015. Contracts -Lakes 30A & 30B A contract was negotiated with Lake & Wetland Management for monthly maintenance of lakes 30A & 30B. Contracts -Water Analysis A contract was negotiated with CPH for bathymetric to be performed on Lakes. Contracts -Water Quality Monitoring A contract was negotiated with CPH for testing of the lakes and water quality monitoring. R&M-Aquascaping This is for any repair and maintenance expenses pertaining to the District's lakes that are not covered in the contract. R&M -Lake Erosion This is for any repair and maintenance expenses pertaining to erosion control that are not covered in the contract. Annual Operating and Debt Service Budget Fiscal Year 2019 Page 6 HERITAGE BAY Community Development District Budget Narrative Fiscal Year 2019 General Fund EXPENDITURES (continued) Lakes & Ponds R&M -Contingency All other lake expenses that do not fall into the categories described above will be expensed to contingency Reserve -Lakes Lake improvement expenses that are projected to occur in the future are appropriated with this account. Reserve-Stormwater System Stormwater system/drainage expenses that are projected to occur in the future are appropriated with this account. Annual Operating and Debt Service Budget Fiscal Year 2019 Page 7 Community Development District Debt Service Budget Fiscal Year 2019 HERITAGE BAY Community Development District Series 2018 Debt Service Fund Summary of Revenues, Expenditures and Changes in Fund Balances Fiscal Year 2019 Proposed Budget ADOPTED ACTUAL PROJECTED TOTAL ANNUAL ACTUAL ACTUAL BUDGET THRU APR- PROJECTED BUDGET ACCOUNT DESCRIPTION FY 2016 FY 2017 FY 2018 MAR -2018 SEP -2018 FY 2018 FY 2019 REVENUES Interest - Investments 79 3,569 - 3,396 173 3,569 $ - Special Assmnts- Tax Collector 1,308,563 1,308,564 1,308,564 1,289,128 19,436 1,308,564 1,689,155 Special Assmnts- Discounts (47,707) (47,981) (52,343) (48,558) (3,785) (52,343) (67,566) TOTAL REVENUES 1,260,935 1,264,152 1,256,221 1,243,966 15,824 1,259,790 1,621,589 EXPENDITURES Administrative ProfServ-Arbitrage Rebate 600 600 600 600 600 ProfServ-Property Appraiser 19,629 - 19,628 19,629 - 19,629 25,337 ProfServ-Trustee Fees 5,166 832 5,157 2,495 2,662 5,157 5,157 Misc-Assessmnt Collection Cost 15,404 16,954 26,171 24,811 33,783 Total Administrative 40,799 17,786 51,556 47,535 2,662 25,386 64,877 Debt Service Principal Debt Retirement 545,000 565,000 585,000 - - - 990,000 Interest Expense 654,360 633,650 612,180 306,090 - 306,090 597,305 Total Debt Service 1,199,360 1,198,650 1,197,180 306,090 306,090 1,587,305 TOTAL EXPENDITURES 1,240,159 1,216,436 1,248,736 353,625 2,662 331,476 1,652,183 Excess (deficiency) of revenues Over(under)expenditures 20,776 47,716 7,485 890,341 13,162 928,314 (30,593) OTHER FINANCING SOURCES (USES) Other NonOperating Uses -Deferred Costs (15,930) - Contribution to (Use of) Fund Balance 7,485 (30,593) TOTAL OTHER SOURCES USES 15,930 7,485 30,593 Net change in fund balance FUND BALANCE, BEGINNING FUND BALANCE, ENDING 4,846 47,716 7,485 890,341 13,162 928,314 (30,593) 1,084,009 1,088,855 1,136,571 1,135,571 - 1,136,571 2,064,885 $ 1,088,855 $ 1,136,571 $ 1,144,056 $ 2,026,912 $ 13,162 $ 2,064,885 $ 2,034,292 Annual Operating and Debt Service Budget Fiscal Year 2019 Page 8 HERITAGE BAY Community Development District Amortization Schedule ,Ynl R Rofundina of spripe MRA -1 and A-2 Snecial Assessment Refundins Bonds Year Principal Special calls Interest Principal Balance FY Total DS 11/1/2018 $ 309,061.36 $ 309,061.36 $ 309,061.36 5/1/2019 $ 990,000.00 2.000% $ 288,243.75 $ 1,278,243.75 11/1/2019 $ 278,343.75 $ 278,343.75 $ 1,556,587.50 5/1/2020 $ 1,005,000.00 2.125% $ 278,343.75 $ 1,283,343.75 11/1/2020 $ 267,665.63 $ 267,665.63 $ 1,551,009.38 5/1/2021 $ 1,030,000.00 2.250% $ 267,665.63 $ 1,297,665.63 11/1/2021 $ 256,078.13 $ 256,078.13 $ 1,553,743.76 5/1/2022 $ 1,055,000.00 2.500% $ 256,078.13 $ 1,311,078.13 11/1/2022 $ 242,890.63 $ 242,890.63 $ 1,553,968.76 5/1/2023 $ 1,090,000.00 2.625% $ 242,890.63 $ 1,332,890.63 11/1/2023 $ 228,584.38 $ 228,584.38 $ 1,561,475.01 5/1/2024 $ 1,120,000.00 2.625% $ 228,584.38 $ 1,348,584.38 11/1/2024 $ 213,884.38 $ 213,884.38 $ 1,562,468.76 5/1/2025 $ 1,150,000.00 2.750% $ 213,884.38 $ 1,363,884.38 11/1/2025 $ 198,071.88 $ 198,071.88 $ 1,561,956.26 5/1/2026 $ 1,180,000.00 3.000% $ 198,071.88 $ 1,378,071.88 11/1/2026 $ 180,371.88 $ 180,371.88 $ 1,558,443.76 5/1/2027 $ 1,220,000.00 3.000% $ 180,371.88 $ 1,400,371.88 11/1/2027 $ 162,071.88 $ 162,071.88 $ 1,562,443.76 5/1/2028 $ 1,255,000.00 3.000% $ 162,071.88 $ 1,417,071.88 11/1/2028 $ 143,246.88 $ 143,246.88 $ 1,560,318.76 5/1/2029 $ 1,295,000.00 3.000% $ 143,246.88 $ 1,438,246.88 11/1/2029 $ 123,821.88 $ 123,821.88 $ 1,562,068.76 5/1/2030 $ 965,000.00 3.125% $ 123,821.88 $ 1,088,821.88 11/1/2030 $ 108,743.75 $ 108,743.75 $ 1,197,565.63 5/1/2031 $ 1,000,000.00 3.250% $ 108,743.75 $ 1,108,743.75 11/1/2031 $ 92,493.75 $ 92,493.75 $ 1,201,237.50 5/1/2032 $ 1,030,000.00 3.250% $ 92,493.75 $ 1,122,493.75 11/1/2032 $ 75,756.25 $ 75,756.25 $ 1,198,250.00 5/1/2033 $ 1,065,000.00 3.250% $ 75,756.25 $ 1,140,756.25 11/1/2033 $ 58,450.00 $ 58,450.00 $ 1,199,206.25 5/1/2034 $ 1,100,000.00 3.375% $ 58,450.00 $ 1,158,450.00 11/1/2034 $ 39,887.50 $ 39,887.50 $ 1,198,337.50 5/1/2035 $ 1,140,000.00 3.375% $ 39,887.50 $ 1,179,887.50 11/1/2035 $ 20,650.00 $ 20,650.00 $ 1,200,537.50 5/1/2036 $ 1,180,000.00 3.500% $ 20,650.00 $ 1,200,650.00 11/1/2036 $ 1,200,650.00 $ 19,870,000.00 $ 5,979,330.21 $ 25,849,330.21 $ 25,849,330.21 Annual Operating and Debt Service Budget Fiscal Year 2019 Page 9 HERITAGE BAY Community Development District Debt Service Fund Budget Narrative Fiscal Year 2019 REVENUES Interest -Investments The District earns interest on the monthly average collected balance for their trust accounts. Special Assessments -Tax Collector The District will levy a Non -Ad Valorem assessment on all sold and platted parcels (using the uniform method) within the District in order to pay for the operating expenditures during the Fiscal Year. Special Assessments -Discounts Per Section 197.162 and Section 197.3632 of the Florida Statutes, discounts are allowed for early payments of assessments collected by the Tax Collector and only when the Tax Collector is using the uniform methodology. The budgeted amount for the fiscal year is calculated at 4% of the anticipated Non -Ad Valorem assessments. EXPENDITURES Administrative Professional Services -Arbitrage Rebate The District contracted with an independent professional firm to annually calculate the District's Arbitrage Rebate Liability on its bonds. Professional Services -Property Appraiser The Property Appraiser provides the District with a listing of the legal description of each property parcel within the District boundaries, and the names and addresses of the owners of such property. The District reimburses the Property Appraiser for necessary administrative costs incurred to provide this service. The property appraiser cost is based upon 1.5% of the anticipated Non -Ad Valorem assessment collections. Professional Services -Trustee The District pays US Bank an annual fee for trustee services on the Series 2018 Special Assessment Bond. The budgeted amount for the fiscal year is based on standard fees charged plus any out-of-pocket expenses. Miscellaneous -Assessment Collection Costs The District reimburses the Collier County Tax Collector for necessary administrative costs. Per the Florida Statutes, administrative costs shall include, but not be limited to, those costs associated with personnel, forms, supplies, data processing, computer equipment, postage, and programming. The District also compensates the Tax Collector for the actual cost of collection or 2% on the amount of special assessments collected and remitted, whichever is greater. The assessment collection cost is based on a maximum of 2% of the anticipated assessment collections. Debt Service Principal Debt Retirement The District pays regular principal payments annually in order to pay down/retire the debt. Interest Expense The District makes semi-annual interest payments on the outstanding debt. Annual Operating and Debt Service Budget Fiscal Year 2019 Page 10 Community Development District Supporting Budget Schedules Fiscal Year 2019 HERITAGE BAY Community Development District All Funds Comparison of Assessment Rates Fiscal Year 2019 vs. Fiscal Year 2018 Product General Fund FY 2019 FY 2018 Percent `- Change ;; Series 2018 Debt Service FY 2019 FY 2018 Percent Change Total Assessments per Unit i-' FY 2019 FY 2018 Percent`. Change t: Units Executive i-, $357.89 $357.89 0% $1,928.85 $1,494.25 29% $2,286.74 $1,852.14 23% 139 Classics $357.89 $357.89 0% $3,050.09 $2,362.85 29% $3,407.98 $2,720.74 25% 95 Classics II $357.89 $357.89 0% $3,294.57 $2,552.25 29% $3,652.46 $2,910.14 26% 18 Coach $357.89 $357.89 0% $1,361.54 $1,054.76 29% $1,719.43 $1,412.65 22% 184 2 Story $357.89 $357.89 0% $1,134.62 $878.97 29% $1,492.51 $1,236.86 21% 364 4 Story $357.89 $357.89 0% $907.69 $703.18 29% $1,265.58 $1,061.07 19% 450 -, 1250 Annual Operating and Debt Service Budget Fiscal Year 2019 Page 11 RESOLUTION 2018-8 A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE HERITAGE BAY COMMUNITY DEVELOPMENT DISTRICT APPROVING THE BUDGET FOR FISCAL YEAR 2019 AND SETTING A PUBLIC HEARING THEREON PURSUANT TO FLORIDA LAW WHEREAS, the District Manager has heretofore prepared and submitted to the Board a proposed operating and/or debt service budget for Fiscal Year 2019; a copy of which is attached hereto, and WHEREAS, the Board of Supervisors has considered said proposed budget and desires to set the required public hearing thereon; NOW, THEREFORE BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE HERITAGE BAY COMMUNITY DEVELOPMENT DISTRICT; 1. The budget proposed by the District Manager for Fiscal Year 2019 is hereby approved as the basis for conducting a public hearing to adopt said budget. 2. A public hearing on said approved budget is hereby declared and set for the following date, hour and place: Date: September 6, 2018 Hour: 9:00 a.m. Place: Heritage Bay Clubhouse 10154 Heritage Bay Boulevard Naples, Florida Notice of this public hearing shall be published in the manner prescribed in Florida Law. Adopted this 7th day of June, 2018.�- - , Edwin B. Hubbard Chairman J �r 1 J tin Faircloth Secretary Version 1 - Approved Tentative Budget (6/7/18) Prepared by: INFRAMARK HERITAGE BAY Community Development District Budget Overview Fiscal Year 2019 HERITAGE BAY Community Development District Table of Contents OPERATING BUDGET General Fund Page # Summary of Revenues, Expenditures and Changes in Fund Balance ................................... 1 - 2 Exhibit A - Allocation of Fund Balances............................................................................ 3 BudgetNarrative......................................................................................................... 4 - 7 DEBT SERVICE BUDGET Series 2018 Summary of Revenues, Expenditures and Changes in Fund Balances ................................... 8 AmortizationSchedule.................................................................................................. 9 BudgetNarrative............................................................................................................... 10 SUPPORTING BUDGET SCHEDULES 2018-2019 Non -Ad Valorem Assessment Summary................................................................. 11 Community Development District Operating Budget Fiscal Year 2019 HERITAGE BAY Community Development District General Fund Summary of Revenues, Expenditures and Changes in Fund Balances Fiscal Year 2019 Approved Tentative Budget ADOPTED ACTUAL PROJECTED ACTUAL ACTUAL BUDGET THRU MAY - ACCOUNT DESCRIPTION FY 2016 FY 2017 FY 2018 APR -2018 SEP -2018 TOTAL ANNUAL PROJECTED BUDGET FY 2018 FY 2019 REVENUES 8,000 12,000 10,000 2,000 12,000 12,000 520 Interest -Investments $ 439 1479 $ 400 $ 1,593 $ 225 $ 1,818 $ 400 Interest - Tax Collector - - - 18 (18) - - Special Assmnts- Tax Collector 250,000 250,000 355,190 352,760 2,430 355,190 355,190 Special Assrnnts- Lakes 30A & 306 - - 60,923 60,506 417 60,923 60,923 Special Assmnts- Reserves 31,250 31,250 31,250 31,036 214 31,250 31,250 Special Assmnts- Discounts (12,759) 12.604 (17,895) 16,582) - (16,582) 17,895 TOTAL REVENUES 537,195 384,098 429,868 429,331 3,268 432,599 429,868 EXPENDITURES Administrative P/R-Board of Supervisors FICA Taxes ProfSery-Dissemination Agent ProfSery-E n g in eer i n g ProfSery-Legal Services ProfSery-Mgmt Consulting Sery ProfSery-Property Appraiser ProfSery-Special Assessment ProfSery-Web Site Maintenance Auditing Services Postage and Freight Insurance - General Liability Printing and Binding Legal Advertising Misc-Bank Charges Misc-Assessmnt Collection Cost Misc-Web Hosting Office Supplies Annual District Filing Fee Total Administrative 6,800 8,000 12,000 10,000 2,000 12,000 12,000 520 612 918 765 153 918 918 - - - - 1,500 4,039 42,494 14,000 67,347 15,000 82,347 14,000 6,052 20,844 7,500 16,726 23,416 40,142 10,000 39,394 37,195 41,793 24,379 24,379 48,758 46,500 5,156 - 6,710 5,156 - 5,156 6,710 5,150 5,305 5,464 5,464 - 5,464 6,502 481 1,505 773 451 322 773 1,000 3,600 3,823 3,823 3,823 3,823 3,914 636 1,731 2,500 2,596 104 2,700 2,500 14,348 12,040 13,244 15,389 - 15,389 15,389 910 1,450 1,300 3,705 542 4,247 1,339 3,364 1,989 3,700 4,354 3,626 7,980 3,700 83 - 100 1 36 37 100 4,042 4,428 8,947 8,554 53 8,607 8,947 - - 900 - 900 900 900 33 - 100 - 71 71 100 175 175 175 175 - 175 175 94,783 141,591 123,947 165,062 74,425 239,487 136,196 Annual Operating and Debt Service Budget Fiscal Year 2019 1 HERITAGE BAY Community Development District General Fund Summary of Revenues, Expenditures and Changes in Fund Balances Fiscal Year 2019 Approved Tentative Budget ADOPTED ACTUAL PROJECTED TOTAL ANNUAL ACTUAL ACTUAL BUDGET THRU MAY- PROJECTED BUDGET ACCOUNT DESCRIPTION FY 2016 FY 2017 FY 2018 APR -2018 SEP -2018 FY 2018 FY 2019 Field ProfSery-Field Management 12,360 12,731 11,536 6,729 3,183 9,912 13,726 R&M -Contingency 318 - 1,187 - 594 594 594 Wall Improvements 285,635 - - - - - CapitalOutlay - 44,550 - - - - - Total Field 298,313 57,281 12,723 6,729 3,776 10,505 14,320 Lakes and Ponds Contracts -Lake and Wetland 64,682 63,947 71,200 42,000 29,200 71,200 71,200 Contracts -Lakes 30A & 30B - 12,000 12,000 7,000 6,000 13,000 12,000 Contracts -Sediment Testing - - - - - 6,675 Contracts -Water Analysis - - 9,861 - - 9,861 9,861 Contracts -Water Quality Monitoring 5,642 33,807 45,992 22,996 22,996 45,992 27,700 R&M-Aquascaping 2,600 1,950 5,000 - 2,275 2,275 8,500 R&M - Stormwater System - - 4,000 - - - 4,000 R&M -Lake Erosion 13,430 3,000 24,455 22,725 50,000 72,725 84,713 R&M -Contingency - 4,175 10,062 - 2,088 2,088 5,000 Improvement -Lake Bank Restoration - - 1,813,041 - - - - Reserve - Lakes 31,250 31,250 Reserve - Stormwater System - - 18,455 - - - 18,455 Total Lakes and Ponds 86,354 118,879 2,045,316 94,721 112,559 217,141 279,354 Debt Service Operating Loan Repayment - 167,354 30,660 15,351 2,218 17,569 - Interest Expense -Note 3,528 5,631 30,263 1,796 232 2,021 Total Debt Service 3,528 172,985 60,923 17,147 2,450 19,597 TOTAL EXPENDITURES 482,978 490,736 2,242,909 283,659 193,210 486,730 429,868 Excess (deficiency) of revenues Over(under)expenditures 54,217 (106,638) (1,813,041) 146,672 (189,942) (54,131) OTHER FINANCING SOURCES (USES) Loan(Note Proceeds 246,462 1,813,041 - Contribution to (Use of) Fund Balance - - TOTAL OTHER SOURCES (USES) 246,462 1,813,041 - - Net change in fund balance 300,679 (106,638) - 145,672 (189,942) (54,131) - FUND BALANCE, BEGINNING 95,269 $ 395,948 289,310 289,310 289,310 235,179 FUND BALANCE, ENDING $ 395,948 $ 289,310 $ 289,310 $ 434,982 $ (189,942) $ 235,179 $ 235,179 Annual Operating and Debt Service Budget Fiscal Year 2019 2 HERITAGE BAY Community Development District Exhibit "A" Allocation of Fund Balances AVAILABLE FUNDS Amount Beginning Fund Balance - Fiscal Year 2019 $ 235,179 Net Change in Fund Balance - Fiscal Year 2019 - Reserves - Fiscal Year 2019 Additions 49,705 Total Funds Available (Estimated) - 9130/2019 284,884 ALLOCATION OF AVAILABLE FUNDS Assigned Fund Balance Operating Reserve - First Quarter Operating Capital 95,041 til Reserves - Erosion Control (FYI 5) 14,687 Reserves - Lakes (Prior Years) 62,500 Reserves - Lakes (FYI 8) 31,250 Reserves - Lakes (FYI 9) 31,250 125,000 Reserves - Stormwater System (FYI 8) 18,455 Reserves - Stormwater System (FY19) 18,455 36,910 Reserves - Loan FY18 4,750 4,750 Subtotal 276,388 Total Allocation of Available Funds 276,388 Total Unassigned (undesignated) Cash $ 8,497 Notes (1) Represents approximately 3 months of operating expenditures Annual Operating and Debt Service Budget Fiscal Year 2019 Page 3 HERITAGE BAY Community Development District Budget Narrative Fiscal Year 2019 Genera/ Fund REVENUES Interest -Investments The District earns interest on the monthly average collected balance for their money market accounts. Special Assessments -Tax Collector The District will levy a Non -Ad Valorem assessment on all sold and platted parcels (using the uniform method) within the District in order to pay for the operating expenditures during the Fiscal Year. Special Assessments -Reserves The District will levy a Non -Ad Valorem assessment on all sold and platted parcels (using the uniform method) within the District in order re-establish reserves which were depleted due to the District having to address numerous lake bank erosion issues. Special Assessments -Lakes 30A & 30B The District will levy a Non -Ad Valorem assessment on all sold and platted parcels (using the uniform method) within the District in order to pay for the repair of Lakes 30A & 30B and any impending debt associated with making repairs. Special Assessments -Discounts Per Section 197.162 and Section 197.3632 of the Florida Statutes, discounts are allowed for early payments of assessments collected by the Tax Collector and only when the Tax Collector is using the uniform methodology_ The budgeted amount for the fiscal year is calculated at 4% of the anticipated Non -Ad Valorem assessments. EXPENDITURES Administrative P/R-Board of Supervisors Chapter 190 of the Florida Statutes allows for members of the Board of Supervisors to be compensated $200 per meeting at which they are in attendance. The amount for the Fiscal Year is based upon all supervisors attending all meetings. Professional Services -Engineering The District's engineer provides general engineering services to the District, i.e. attendance and preparation for board meetings when requested, review of invoices, and other specifically requested assignments. Professional Services -Dissemination Agent This line item is to cover dissemination services as required. Services are provided by inframark. Professional Services -Legal Services The District's attorney provides general legal services to the District, i.e., attendance and preparation for Board meetings, review of contracts, agreements, resolutions and other research as directed or requested by the BOS District Manager. Professional Services -Management Consulting Services The District receives Management, Accounting and Administrative services as part of a Management Agreement with Inframark Infrastructure Management Services. Inframark manages all of the District's financial activities such as accounts payable, financial statements, auditing and budgeting in accordance with the management contract in effect. Annual Operating and Debt Service Budget Fiscal Year 2019 Page 4 HERITAGE BAY Community Development District General Fund Budget Narrative Fiscal Year 2019 EXPENDITURES Administrative (continued) Professional Services -Property Appraiser The Property Appraiser provides the District with a listing of the legal description of each property parcel within the District boundaries, and the names and addresses of the owners of such property. The District reimburses the Property Appraiser for necessary administrative costs incurred to provide this service which is based upon 1.5% of the anticipated Non -Ad Valorem assessment collections. Professional Services -Special Assessment This is the Administrative fees to prepare the District's special assessment roll. Professional Services -Web Site Maintenance The cost of web hosting and regular maintenance of the District's website by Inframark Infrastructure Management Services. Auditing Services The District is required to conduct an annual audit of its financial records by an Independent Certified Public Accounting Firm. The budgeted amount for the fiscal year is based on contracted fees from an existing engagement letter. Postage and Freight Actual postage used for District mailings including agenda packages, vendor checks and other correspondence. Insurance -General Liability The District's General Liability & Public Officials Liability Insurance policy is with Public Risk Insurance Agency, Inc. They specialize in providing governmental insurance coverage. The budgeted amount projects a 10% increase in the premium. Printing and Binding Copies used in the preparation of agenda packages, required mailings, and other special projects. Legal Advertising The District is required to advertise various notices for Board meetings and other public hearings in a newspaper of general circulation. Miscellaneous -Bank Charges In the rare event of bank service CiiergEs fr'viii vperatiiig yr iiiGney iiiarket BCCvunt$, the CC84 V✓1{I .k,e as � � her@. ;_ '4 n Miscellaneous -Assessment Collection Costs The District reimburses the Collier County Tax Collector for necessary administrative costs. Per the Florida Statutes, administrative costs shall include, but not be limited to, those costs associated with personnel, forms, supplies, data processing, computer equipment, postage, and programming. The District also compensates the Tax Collector for the actual cost of collection or 2% on the amount of special assessments collected and remitted, whichever is greater. The assessment collection cost is based on a maximum of 2% of the anticipated assessment collections. Miscellaneous -Web Hosting The District incurs the cost of owning the Heritage Bay CDD web domain. Annual Operating and Debt Service Budget Fiscal Year 2019 Page 5 HERITAGE BAY Community Development District Budget Narrative Fiscal Year 2019 General Fund EXPENDITURES (continued) Field Office Supplies Supplies used in the preparation and binding of agenda packages, required mailings, and other special projects. Annual District Filing Fee The District is required to pay an annual fee of $175 to the Department of Economic Opportunity Division of Community Development. Professional Services -Field Management Field Management Services for the District is performed by Inframark Infrastructure Management Services. This includes the regular inspection of all District assets and contractor performance monitoring. Items include but are not limited to: irrigation systems, ponds, wetlands, preserves, roads, street signs, sidewalks and drainage systems. A monthly report is provided for the Board's review to allow for their consideration of issues and action to consider. R&M -Contingency All other field expenses that do not fall into the category described above will be expensed to contingency. Lakes & Ponds Contracts -Lake and Wetland A contract was negotiated with Lake & Wetland Management for monthly lake maintenance of the District's lakes and littoral shelf maintenance which includes approximately 14.52 acres. Fluorodine Treatment was added May 2015. Contracts -Lakes 30A & 30B A contract was negotiated with Lake & Wetland Management for monthly maintenance of lakes 30A & 30B. Contracts -Sediment Testing Contract with CPH to do sediment testing in the District lakes. Contracts -Water Analysis A contract was negotiated with CPH for bathymetric to be performed on Lakes. Contracts -Water Quality Monitoring A contract was negotiated with CPH for testing of the lakes and water quality monitoring. R&M-Aquascaping This is for any repair and maintenance expenses pertaining to the District's lakes that are not covered in the contract. R&M -Lake Erosion This is for any repair and maintenance expenses pertaining to erosion control that are not covered in the contract. Annual Operating and Debt Service Budget Fiscal Year 2019 Page 6 HERITAGE BAY Community Development District Budget Narrative Fiscal Year 2019 General Fund EXPENDITURES (continued) Lakes & Ponds R&M -Contingency All other lake Expenses that do not fall into the categories described above will be expensed to contingency Reserve -Lakes Lake improvement expenses that are projected to occur in the future are appropriated with this account. Reserve-Stormwater System Stormwater system/drainage expenses that are projected to occur in the future are appropriated with this account. Annual Operating and Debt Service Budget Fiscal Year 2019 Page 7 HERITAGE BAY Community Development District Debt Service Budget Fiscal Year 2019 HERITAGE BAY Community Development District Series 2018 Debt Service Fund Summary of Revenues, Expenditures and Changes in Fund Balances Fiscal Year 2019 Approved Tentative Budget ADOPTED ACTUAL PROJECTED TOTAL ANNUAL ACTUAL ACTUAL BUDGET THRU MAY- PROJECTED BUDGET ACCOUNT DESCRIPTION FY 2016 FY 2017 FY 2018 APR -2018 SEP -2018 FY 2018 FY 2019 REVENUES Interest - Investments 79 3,569 - 3,397 172 3,569 Special Assmnts- Tax Collector 1,308,563 1,308,564 1,308,564 1,299,608 8,956 1,308,564 1,689,155 Special Assmnts- Discounts (47,707) (47,981) (52,343) (48,503) (48,503) (67,566) TOTAL REVENUES 1,260,935 1,264,152 1,256,221 1,254,502 9,128 1,263,630 1,621,589 EXPENDITURES Administrative ProfServ-Arbitrage Rebate 600 600 600 600 600 ProfServ-Property Appraiser 19,629 - 19,628 19,629 - 19,629 25,337 ProfServ-Trustee Fees 5,166 832 5,157 2,911 2,246 5,157 5,157 Misc-Assessmnt Collection Cost 15,404 16,954 26,171 25,022 33.783 Total Administrative 40,799 17,786 51,556 48,162 2,246 25,386 64,877 Debt Service Principal Debt Retirement 545,000 565,000 585,000 - - - 990,000 Interest Expense 654,360 633,650 612,180 306,090 - 306,090 597,305 Total Debt Service 1,199,360 1,198,650 1,197,180 306,090 306,090 1,587,305 TOTAL EXPENDITURES 1,240,159 1,216,436 1,248,736 354,252 2,246 331,476 17652,183 Excess (deficiency) of revenues Over(under)expenditures 20,776 47,716 7,485 900,250 6,882 932,154 (30,593) OTHER FINANCING SOURCES (USES) Other NonOperating Uses -Deferred Costs (15,930) - Contribution to (Use of) Fund Balance - - 7,485 - - - (30,593) TOTAL OTHER SOURCES USES 15,930 7,485 30,593 Net change in fund balance FUND BALANCE, BEGINNING FUND BALANCE, ENDING 4,846 47,716 7,485 900,250 6,882 932,154 (30,593) 1,084,009 1,088,855 1,136,571 1,136,571 - 1,136,571 2,068,725 $ 1,088,855 $ 1,136,571 $ 1,144,056 $ 2,036,821 $ 6,882 $ 2,068,725 $ 2,038,132 Annual Operating and Debt Service Budget Fiscal Year 2019 Page 8 HERITAGE BAY Community Development District Amortization Schedule 2018 Refunding of Series 2018A-1 and A-2 Soecial Assessment Refunding Bonds Year Principal Special calls Interest Principal Balance FY Total DS 11/1/2018 $ 309,061.36 $ 309,061.36 $ 309,061.36 5/1/2019 $ 990,000.00 2.000% $ 288,243.75 $ 1,278,243.75 11/1/2019 $ 278,343.75 $ 278,343.75 $ 1,556,587.50 5/1/2020 $ 1,005,000.00 2.125% $ 278,343.75 $ 1,283,343.75 11/1/2020 $ 267,665.63 $ 267,665.63 $ 1,551,009.38 5/1/2021 $ 1,030,000.00 2.250% $ 267,665.63 $ 1,297,665.63 11/1/2021 $ 256,078.13 $ 256,078.13 $ 1,553,743.76 5/1/2022 $ 1,055,000.00 2.500% $ 256,078.13 $ 1,311,078.13 11/1/2022 $ 242,890.63 $ 242,890.63 $ 1,553,968.76 5/1/2023 $ 1,090,000.00 2.625% $ 242,890.63 $ 1,332,890.63 11/1/2023 $ 228,584.38 $ 228,584.38' $ 1,561,475.01 5/1/2024 $ 1,120 , 000.00 2.625% $ 228,584.38 $ 1,348,584.38 11/1/2024 $ 213,884.38 $ 213,884.38 $ 1,562,468.76 5/1/2025 $ 1,150,000.00 2.750% $ 213,884.38 $ 1,363,884.38 11/1/2025 $ 198,071.88 $ 198,071.88 $ 1,561,956.26 5/1/2026 $ 1,180,000.00 3.000% $ 198,071.88 $ 1,378,071.88 11/1/2026 $ 180,371.88 $ 180,371.88 $ 1,558,443.76 5/1/2027 $ 1,220,000.00 3.000% $ 180,371.88 $ 1,400,371.88 11/1/2027 $ 162,071.88 $ 162,071.88 $ 1,562,443.76 5/1/2028 $ 1,255,000.00 3.000% $ 162,071.88 $ 1,417,071.88 11/1/2028 $ 143,246.88 $ 143,246.88 $ 1,560,318.76 5/1/2029 $ 1,295,000.00 3.000% $ 143,246.88 $ 1,438,246.88 11/1/2029 $ 123,821.88 $ 123,821.88 $ 1,562,068.76 5/1/2030 $ 965,000.00 3.125% $ 123,821.88 $ 1,088,821.88 11/1/20301 $ 108,743.75 $ 108,743.75 $ 1,197,565.63 5/1/2031 $ 1,000,000.00 3.250% $ 108,743.75 $ 1,108,743.75 11/1/2031 $ 92,493.75 $ 92,493.75 $ 1,201,237.50 5/1/2032 $ 1,030,000.00 3.250% $ 92,493.75 $ 1,122,493.75 11/1/2032 $ 75,756.25 $ 75,756.25 $ 1,198,250.00 5/1/2033 $ 1,065 nnn.nn 3.250% $ 75,756.25 $ 1,140,756.25 11/1/2033 $ 58,450.00 $ 58,450.00 $ 1,199,206.25 5/1/2034 $ 1,100,000.00 3.375% $ 58,450.00 $ 1,158,450.00 11/1/2034 $ 39,887.50 $ 39,887.50 $ 1,198,337.50 5/1/2035 $ 1,140,000.00 3.375% $ 39,887.50 $ 1,179,887.50 11/1/2035 $ 20,650.00 $ 20,650.00 $ 1,200,537.50 5/1/2036 $ 1,180,000.00 3.500% $ 20,650.00 $ 1,200,650.00 11/1/2036 $ 1,200,650.00 $ 19,870,000.00 $ 5,979,330.21 $ 25,849,330.21 $ 25,849,330.21 Annual Operating and Debt Service Budget Fiscal Year 2019 Page 9 HERITAGE BAY Community Development District Debt Service Fund Budget Narrative Fiscal Year 2019 REVENUES Interest -Investments The District earns interest on the monthly average collected balance for their trust accounts. Special Assessments -Tax Collector The District will levy a Non -Ad Valorem assessment on all sold and platted parcels (using the uniform method) within the District in order to pay for the operating expenditures during the Fiscal Year. Special Assessments -Discounts Per Section 197.162 and Section 197.3632 of the Florida Statutes, discounts are allowed for early payments of assessments collected by the Tax Collector and only when the Tax Collector is using the uniform methodology. The budgeted amount for the fiscal year is calculated at 4% of the anticipated Non -Ad Valorem assessments. EXPENDITURES Administrative Professional Services -Arbitrage Rebate The District contracted with an independent professional firm to annually calculate the District's Arbitrage Rebate Liability on its bonds. Professional Services -Property Appraiser The Property Appraiser provides the District with a listing of the legal description of each property parcel within the District boundaries, and the names and addresses of the owners of such property. The District reimburses the Property Appraiser for necessary administrative costs incurred to provide this service. The property appraiser cost is based upon 1.5% of the anticipated Non -Ad Valorem assessment collections. Professional Services -Trustee The District pays US Bank an annual fee for trustee services on the Series 2018 Special Assessment Bond. The budgeted amount for the fiscal year is based on standard fees charged plus any out-of-pocket expenses. Miscellaneous -Assessment Collection Costs The District reimburses the Collier County Tax Collector for necessary administrative costs. Per the Florida Statutes, administrative costs shall include, but not be limited to, those costs associated with personnel, forms, supplies, data prucessing, cuiiiputer e � 1plllellt, pGStage, aid pr^v^yrammi ng The District also compensates the Tax Cnllamnr fnr the actual cost of collection or 2% on the amount of special assessments collected and remitted, whichever is greater. The assessment collection cost is based on a maximum of 2% of the anticipated assessment collections. Debt Service Principal Debt Retirement The District pays regular principal payments annually in order to pay down/retire the debt. Interest Expense The District makes semi-annual interest payments on the outstanding debt. Annual Operating and Debt Service Budget Fiscal Year 2019 Page 10 HERITAGE BAY Community Development District Supporting Budget Schedules Fiscal Year 2019 HERITAGE BAY Community Development District All Funds Comparison of Assessment Rates Fiscal Year 2019 vs. Fiscal Year 2018 Annual Operating and Debt Service Budget Fiscal Year 2019 Page 11 General Fund Series 2018 Debt Service Total Assessments per Unit j Units FY 2019 FY 2018 Percent FY 2019 FY 2018 Percent FY 2019 FY 2018 Percent Product Change Change Change Executive $357.89 $357.89 0% $1,928.85 $1,494.25 29% $2,286.74 $1,852.14 23% -1 139 Classics $357.89 5357.89 0% $3,050.09 $2,362.85 29% $3,407.98 $2,720.74 25% 95 Classics II $357.89 $357.89 0% $3,294.57 $2,552.25 29% $3652.46 $2,910.14 26% 18 Coach $357.89 5357.89 0% $1,361.54 $1,054.76 �,'l 29% $1,719.43 $1,412.65 22% 184 2 Story$1,492.51 $357.89 $357-89 0% $1,134-62 $878.97 29% $1,236.86 21% 364 Story 4 St $357.89 $357.89 0% J $907.69 $703.18 29% $1,265.58 $1,061.07 19% 450 1250 Annual Operating and Debt Service Budget Fiscal Year 2019 Page 11 NOTICE OF MEETING SCHEDULE HERITAGE BAY COMMUNITY DEVELOPMENT DISTRICT The Board of Supervisors of the Heritage Bay Community Development District will hold their meetings for Fiscal Year 2018/2019 in the Heritage Bay Clubhouse, 10154 Heritage Bay Boulevard, Naples Florida, at 9:00 a.m. as follows: October 4, 2018 November 1, 2018 December 6, 2018 January 3, 2019 February 7, 2019 March 7, 2019 April 4, 2019 May 2, 2019 June 6, 2019 July 11, 2019 (second Thursday) August 1, 2019 September 5, 2019 The meetings are open to the public and will be conducted in accordance with the provision of Florida Law for Community Development Districts. The meetings may be continued to a date, time, and place to be specified on the record at the meeting. There may be occasions when one or more Supervisors will participate by telephone. Any person requiring special accommodations at these meetings because of a disability or physical iinpain-hent should contact the District Manager's Office at least forty-eight (48) hours prior to the meeting. if you are hearing or speech impaired, please contact the Florida Relay Service by dialing 7-1-1, or 1-800-955-8771 (TTY) / 1-800-955-8770 (Voice), for aid in contacting the District Manager's Office. Each person who decides to appeal any action taken at these meetings is advised that person will need a record of the proceedings and that accordingly, the person may need to ensure that a verbatim record of the proceedings is made, including the testimony and evidence upon which such appeal is to be based. Justin Faircloth District Manager Financial Report April 30, 2018 Prepared by INFRAMARK 11.11111111111 7.11,11,71 5lRY . INA 7itr!1C1=V= Financial Statements (Unaudited) April 30, 2018 HERITAGE BAY Community Development District Table of Contents FINANCIAL STATEMENTS Balance Sheet - All Funds ....................... Statement of Revenues, Expenditures and Changes in Fund Balance General Fund ....................... Debt Service Fund ....................... SUPPORTING SCHEDULES Trend Report ....................... Non -Ad Valorem Special Assessments ....................... Cash and Investment Report ....................... Bank Reconciliation ....................... Check Register & Invoice Copies ....................... Pages 1 2-3 4 5-6 7 8 9 10-20 HERITAGE BAY Supporting Schedules April 30, 2018 HERITAGE BAY Community Development District Governmental Funds Balance Sheet April 30, 2018 SERIES 2014 DEBT GENERAL SERVICE ACCOUNT DESCRIPTION FUND FUND TOTAL ASSETS Nonspendable: Cash - Checking Account $ 116,757 $ - $ 116,757 Due From Other Funds - 103,094 103,094 Investments: - 2,036,821 2,036,821 Assigned to: Money Market Account 450,149 - 450,149 Deferred Cost - 22,446 22,446 Reserve Fund 62,500 - 578,393 578,393 Revenue Fund 4,750 1,332,888 1,332,888 Prepaid Items 1,248 - 1,248 TOTAL ASSETS $ 568,154 $ 2,036,821 $ 2,604,975 LIABILITIES Accounts Payable $ 33,832 $ $ 33,832 Due To Other Funds 103,094 103,094 TOTAL LIABILITIES 136,926 - 136,926 FUND BALANCES Nonspendable: Prepaid Items 1,248 - 1,248 Restricted for: Debt Service - 2,036,821 2,036,821 Assigned to: Operating Reserves 73,625 - 73,625 Reserves - Erosion Control 14,687 14,687 Reserves - Lakes 62,500 - 62,500 Reserves - Loan 4,750 - 4,750 Unassigned: 274,418 - 274,418 TOTAL FUND BALANCES $ 431,228 $ 2,036,821 $ 2,468,049 TOTAL LIABILITIES & FUND BALANCES $ 568,154 $ 2,036,821 $2,604,975 Page 1 HERITAGE BAY Community Development District General Fund Statement of Revenues, Expenditures and Changes in Fund Balances For the Period Ending April 30, 2018 ANNUAL ADOPTED YEAR TO DATE YEAR TO DATE VARIANCE (S) ACCOUNT DESCRIPTION BUDGET BUDGET ACTUAL FAV(UNFAV) REVENUES Interest -Investments $ 400 $ 233 $ 1,593 $ 1,360 Interest - Tax Collector - - 18 18 Special Assmnts- Tax Collector 355,190 355,190 352,760 (2,430) Specials Assmnts - Lakes 30A & 30B 60,923 60,923 60,506 (417) Special Assmnts- Reserves 31,250 31,250 31,036 (214) Special Assmnts- Discounts (17,895) (17,895) (16,582) 1,313 TOTAL REVENUES 429,868 429,701 429,331 (370) EXPENDITURES Administration P/R-Board of Supervisors FICA Taxes ProfServ-Engineering ProfServ-Legal Services ProfServ-Mgmt Consulting Sery ProfServ-Property Appraiser ProfServ-Special Assessment ProfServ-Web Site Maintenance Auditing Services Postage and Freight Insurance - General Liability Printing and Binding Legal Advertising Misc-Bank Charges Misc-Assessmnt Collection Cost Misc-Web Hosting Office Supplies Annual District Filing Fee Total Administration 12,000 7,000 10,000 (3,000) 918 536 765 (229) 14,000 8,167 71,101 (62,934) 7,500 4,375 16,726 (12,351) 41,793 24,379 24,379 - 6,710 6,710 5,156 1,554 5,464 5,464 5,464 - 773 451 451 - 3,823 2,485 - 2,485 2,500 1,458 2,596 (1,138) 13,244 13,244 15,389 (2,145) 1,300 758 3,705 (2,947) 3,700 2,158 4,354 (2,196) 100 - 1 (1) 8,947 8,947 8,554 393 900 525 - 525 100 - - - 175 175 175 123,947 86,832 168,816 (81,984) Page 2 HERITAGE BAY Community Development District Statement of Revenues, Expenditures and Changes in Fund Balances For the Period Ending April 30, 2018 General Fund ANNUAL ADOPTED YEAR TO DATE YEAR TO DATE VARIANCE ($) ACCOUNT DESCRIPTION BUDGET BUDGET ACTUAL FAV(UNFAV) Field ProfServ-Field Management 11,536 6,729 6,729 R&M -Contingency 1,187 - - Total Field 12,723 6,729 6,729 Lakes and Ponds Contracts -Lake and Wetland 71,200 41,533 42,000 (467) Contracts -Water Analysis 9,861 5,752 - 5,752 Contracts -Water Quality 45,992 26,829 22,996 3,833 Contracts -Lakes 30A & 30B 12,000 7,000 7,000 - R&M-Aquascaping 5,000 2,917 - 2,917 R&M-Stormwater System 4,000 2,333 - 2,333 R&M -Lake Erosion 24,455 14,265 22,725 (8,460) R&M -Contingency 10,062 5,870 - 5,870 Impr- Lake Bank Restoration 1,813,041 1,057,607 - 1,057,607 Reserve - Lakes 31,250 31,250 - 31,250 Reserve-Stormwater System 18,455 18,455 - 18,455 Total Lakes and Ponds 2,045,316 1,213,811 94,721 1,119,090 Debt Service Operating Loan Repayment 30,660 15,372 15,351 21 Interest Expense -Note 30,263 6,156 1,796 4,360 Total Debt Service 60,923 21,528 17,147 4,381 TOTAL EXPENDITURES 2,242,909 1,328,900 287,413 1,041,487 Excess (deficiency) of revenues Over (under) expenditures (1,813,041) (899,199) 141,918 1,041,117 OTHER FINANCING SOURCES (USES) Loan/Note Proceeds 1,813,041 906,521 - (906,521) TOTAL FINANCING SOURCES (USES) 1,813,041 906,521 - (906,521) Net change in fund balance $ - $ 7,322 $ 141,918 $ 134,596 FUND BALANCE, BEGINNING (OCT 1, 2017) 289,310 289,310 289,310 FUND BALANCE, ENDING $ 289,310 $ 296,632 $ 431,228 Page 3 HERITAGE BAY Community Development District Series 2014 Debt Service Fund Statement of Revenues, Expenditures and Changes in Fund Balances For the Period Ending April 30, 2018 ANNUAL ADOPTED YEAR TO DATE YEAR TO DATE VARIANCE ($) ACCOUNT DESCRIPTION BUDGET BUDGET ACTUAL FAV(UNFAV) REVENUES Interest - Investments $ - $ - $ 3,397 $ 3,397 SpecialAssmnts-Tax Collector 1,308,564 1,308,564 1,299,608 (8,956) Special Assmnts- Discounts (52,343) (52,343) (48,503) 3,840 TOTAL REVENUES 1,256,221 1,256,221 1,254,502 EXPENDITURES Administration ProfServ-Arbitrage Rebate ProfServ-Property Appraiser ProfServ-Trustee Fees Misc-Assessmnt Collection Cost Total Administration Debt Service Principal Debt Retirement Interest Expense Total Debt Service 600 600 600 - 19,628 19,628 19,629 (1) 5,157 - 2,911 (2,911) 26,171 26,171 25,022 1,149 51,556 46,399 48,162 (1,763) 585,000 - - 612,180 306,090 306,090 1,197,180 306,090 306,090 TOTAL EXPENDITURES 1,248,736 352,489 354,252 Excess (deficiency) of revenues Over (under) expenditures 7,485 903,732 900,250 (3,482) OTHER FINANCING SOURCES (USES) Contribution to (Use of) Fund Balance 7,485 - - TOTAL FINANCING SOURCES (USES) 7,485 - - Net change in fund balance $ 7,485 $ 903,732 $ 900,250 $ (3,482) FUND BALANCE, BEGINNING (OCT 1, 2017) 1,136,571 1,136,571 1,136,571 FUND BALANCE, ENDING $ 1,144,056 $ 2,040,303 $ 2,036,821 Page 4 r_ � Q C Q N � G V � c LU 0 LL d NN(D lily A U to 0 0 o e e e m o o a iz o e a o 0 o e e o o NO e e e m y y Q m rn N w m o rn o�� r ffOOv_ r ifj QQ�� ., a fD O O O t0 f0 N � tP N t0 O V ti n M M�<� O Q n O n N O N O O Q fh O V r t7 fp N r Oi [+J ' Q Lh oO O l>L ~ V N N- N ' N V N O ' N O w� sF M VJ O fr+J O r r0 ro Q d_ N .Q IL i fffpJ Lt0'1 _ O M O t0 O iIMJ m M O r _ _ M �- c{ of _ f0 Q v a d3 yO m � M 00 r r O fQO+i N M m W 6 ao 73 r r O 7 QI Vf m' N O O I .- 01 M c6O a _ `m M 'I m m � � a fri r r fo N ffi IL � a Vi T M� O c�i N = Q N N O ii m Q m m vi w n a us m co 0 � •a o ¢o mU A h rdi N co fn13, w Ln g rn 'rn 1 13 d a 2 6 w w a rn O CL > c c to U rn fn Q 1'L K F �f 1� ooOO Z y 'a a cQ �a V LU 0 CL x W � n a! 0 LL NN� ^n 0 E V! 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M ID y O M CA r � N VO_ COO (00 V N OJ M M r N r Y COD N � 0 Q J O M 64 fii E!} to 69 6a ca V3 Eo 69 443- o O o N tl O r M to m N r O CA N W cM M VO' h c0 w e � M LO r- n W M N IN G 7 M r M LL EH 6% 65, 613, 69 69 69 to to eFT Vk f.- o r O a CO N O O M M WOW 9 W ONMNO O O 0) y Ca r L6dr � N It LO 000 W M I t -- VM' OO 'd N 00 M I, �a� EH 6'i Ef} EFT 69 09. EH 69 to to 61% C M M r- N N 0 r M M CO 0 M M to M 00 v W N LO C1 y L6 (O r�z r CCh Q1 O O V I Cb N M m M CMA N 000 _ _ W N LO 00 N M M S c c r r 0 Z CDr O CC O U) d oa E» 69 Eo Co 6H 6% V> to En' En ++CD 1-. w O --t W N ('7 U[ 4 _ .0 CO O !'- N O N CO N M N O d LO V CD N 00 C) CO r N CA M LO r N co CY) V V' LO V T Ix Z 8 J to to Cfl 61) UFl 69 69 61) 64D w e c o O � � O W W O J a+ >_ E O — a m .V U N M N cM 00M 0 d O N N o N M :C44 QQ r r Cl 0 0 o � W N 0 M M J IJ 0 \ O 0 HERITAGE BAY Community Development District Cash and Investment Balances April 30, 2013 ACCOUNT NAME BANK NAME MATURITY YIELD BALANCE GENERALFUND Operating Checking Valley National Bank N/A 0.00% $ 116,757 Money Market Account BankUnited N/A 1.00% 450,149 Subtotal 450,149 Subtotal General Fund 566,906 DEBT SERVICE FUND (2) Series 2014 Deferred Cost Fund US Bank N/A 0.00% 22,446 Series 2014 Reserve Fund US Bank N/A 0.00% 578,393 Series 2014 Revenue Fund US Bank N/A 0.00% 1,332,888 Subtotal Debt Service 1,933,728 (1) Total $ 2,500,633 Note (1) invested in First American Obligation Fund Note (2) - Debt service account totals are from March. New accounts for April will need to be set up. New numbers will be reflected for May financial statements. Report Date: 5/25/2018 Page 8 Heritage Bay CDD Bank Reconciliation Bank Account No. 9727 Valley National Bank - GF Statement No. 04-18 Statement Date 4/30/2018 G/L Balance (LCY) 116,756.91 Statement Balance G/L Balance 116,756.91 Outstanding Deposits Positive Adjustments 0.00 Subtotal Subtotal 116,756.91 Outstanding Checks Negative Adjustments 0.00 Differences Ending G/L Balance 116,756.91 Ending Balance Difference 0.00 Posting Document Document Date Type No. Outstanding Checks 2/8/2018 Payment 3287 Total Outstanding Checks............ Description COLLIER COUNTY TAX COLLECTOR 116,918.19 0.00 1 'I tl,`JIts. 19 161.28 O.OD 116,756.91 Amount 161.28 161.28 Cleared Amount Difference 0.00 161.28 161.28 Page 9 co 0 N O O O c U a c Q N Im L 4) E U 0 a aa� 0 d� w O LL T Q O z 0 U. J 9 W Z ,Wn V N O O O O O O N O CO) �2 L o A 0 0 n O w— 0 0 0�}— (OD ffi t00 0 r0i O V vj 0 C EA !A � N � CO to n n n t00 M M M M M M M M M 0 to t0 LO M to t0 m m n n m M O M M M M o- 6 M o O O_ O O O M V' M M M M A 7 M A M LO O t0 t0 t0 t0 N t00 t0 t0 u') � m C S w M C7 � to W ¢ T d 0) d d N N S O N d d a00 LL E T E E E Z LL 'O QO O C � t2 W O. n W O. a W N til W t0 U U a) cm 01 N~ U)m Ol •�- N u_ 0 m N 4.C C N a a° a a 0 a a a d U U O a M n n 0 N N n N w n? n Z O I=- N = N Z Z D O ~ O �ozoz �_ U p W Z_ 2 cNo d' J a' H¢ Q Q O ~ ~ H wi Z O�`�vmJ O W W Z W ¢�aYar¢ Y w (7 y C7 L- Qa. o tb O N guwiwgwoav-,Twm M N 04 M N n ¢ N co r- M N N ( N(pp ( N(pp N w N N N M n 7 0 0 0 0 0 M l00 N O O - W o o F6-4,4-6 6 U lJ Z Z z z Z Z W W m m W W (7 QQ ZZ Q a z z gg F - w U U U U U U U ZxZZZZZxz 2 p: =: x x Q Y Y x o EL w a a a a a w 5 5 ca_ LL U LL U U U U U LL O a2 W W 00 00 W W M a0 00 00 toO R M th t`7 Z115 M M M i"i 00 O �- - - r - - - e- r - r O OOOOOOOOOOO 0 0 0 0 0 L, n n N N a a a a a a a a a a J J J J J J J J J J O O O O O a a a a a a a a a a a z W Z =Qc?ax Z d N Y Q Z O p w O w-0LL0 tb m m 00 00 H u r t 9404099 N M V V d' V' V 10 O w n M 00 O O N N N N N N N N N N N N M N N Cl) M M M M M M M M M M M M M M M M M M M M M M M M M M M M M M M M M M M M 00 0 0 0G 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 U, f0 H LL Cl 0 Invoice Justin Faircloth March 16, 2018 Heritage Bay Community Development District Project No: H13608 C/O INFRAMARK Invoice No: 107737 210 N. University Drive Suite 702 Coral Springs, FL 33071 Heritage Bay Lake Outfall Structure Replacement 10154 Heriage Bay Blvd, Naples FL 34120 Professional Services throunh February 11 2018 SFWMD Permit Modification Professional Personnel Sr. Project Manager Design Technician Totals Total Labor Unit Billing Black&White 11X17 Total Units Outstanding Invoices 500 West Fulton Streel Sanford, Florida 32771 Phone: 407.322.6841 Hours Rate Amount 2.50 150.00 375.00 3.00 95.00 285.00 5.50 660.00 660.00 Total this Phase $660.00 Total this Phase Total this Invoice Number Date Balance 106268 12/15/2017 5,000.00 Total 5,000.00 Services provided 'this period include: Task A2.3: Meeting with SFWMD, response to comments, updated plans and report. CPH, Inc.t�%/l`J��%`t-fit fe� .20 .20 .20 $.20 $660.20 Page 11 n I' C u l� Unbilled Detail Thursday, March 15, 2018 2:30:06 PM CPH, Inc. As of 2/12/2018 Billing Employee/ Hours/ Billing Billing Labor Status Date Reference Description Units Rate Amount Category Project Number: H13608 Heritage Bay- Lake Outfall Structure Rep Phase Number: XXP Expenses Principal Name: Satfleid, Jeffrey Units: B 2/4/2018 000000000140 Ft Myers B: 1.0 B&WCopy @ 0.20 1.00 .200 .200 Total for 1.00 .200 Total Billable Units 1.00 .200 Total Units 1.00 .200 Total for XXP 1.00 .200 Page 12 Invoice Justin Faircloth Heritage Bay Community Development District C/o �- North America 5911 County Lakes Road Ft. Myers, FL 33905 Heritage Bay CDD Quarterly Water Quality Monitoring Events April 2017 through February 2018 Professignal Service through November19 2017. Fee December 15, 2017 Project No: H13605 Invoice No: 106265 Percent Previous Fee Current Fee Billing Phase Fee Complete Billing Billing 1st Quarter Sample & 11,498.00 100.00 11,498.00 0.00 Report 2nd Quarter Sample & 11,498.00 100.00 11,498.00 0.00 Report 3rd Quarter Sample & 11,498.00 100.00 0.00 11,498.00 Report 4th Quarter Sample & 11,498.00 0.00 0.00 0.00 Report Total Fee 45,992.00 22,996.00 11,498.00 Total Fee Total this Invoice Services provided this period include: Completed survey of lakes for third quarter monitoring. CPH, Inc. A ��l " 500 VVest Fulton Street Sanfrncl, Florida 3211 Phone 407.322.6541 11,498.00 $11,498.00 Page 13 Invoice Justin Faircloth Heritage Bay Community Development District C/O - North America 5911 County Lakes Road Ft, Myers, FL 33905 Heritage Bay Emergency Lake Bank Restoration @ 10154 Heritage Bay Blvd Naples, FL 34120 Professional Services through November 19 2017 Fee December 15, 2017 Project No: H13606 Invoice No: 106266 Percent Previous Fee Current Fee Billing Phase Fee Complete Billing Billing Final Design 12,000.00 100.00 0.00 12,000.00 Pre Application Meeting 750.00 0.00 0.00 0.00 Meetings 3,200.00 0.00 0.00 0.00 Total Fee 15,9%00 0.00 12,000.00 Total Fee Total this Phase Unit Billing 2017 Mileage Total Units Total this Phase Total this Invoice Services provided this period include: Completed plans for bank repair and coordinated with board. CPH, Inc.i��'y/,/�—r';��'f 500 West Fulton Street Sanford, Florida 32771 Picone: 407.322.6341 12,000.00 $12,000.00 40.13 40.13 40.13 $40.13 $12,040.13 Page 14 Unbilled Detail Friday, December 15, 2017 12:28:04 PM CPH, Inc. As of 11/19/2017 Billing Employee/ Hours/ Billing Billing Labor Status Date Reference Description Units Rate Amount Category Project Number: H13606 Heritage/Emergency Lake Bank Phase Number. XXP Expenses Principal Name: Lockhart, Joshua Units: B 11117/2017 000000000808 J. Jennings site visit to take photos 6:35 75.00 .535 40.130 75.017MIleage @ 0.535 Total for 75.00 40.130 Total Billable Units 75.00 40.130 Total Units 75.00 40.130 Total for XXP 75.00 40.130 Page 15 Invoice Justin Faircloth December 15, 2017 Heritage Bay Community Development District Project No: H13607 C/O �- North America Invoice No: 106267 5911 County Lakes Road Ft. Myers, FL 33905 Heritage Bay Lake #20 Single Family House Drainage Design @ 10154 Heritage Bay Blvd Naples, FL 34120- Collier County Professional 8erviEes_throttah Novembgr19 2017 Fee Percent Previous Fee Current Fee Billing Phase Fee Complete Billing Billing Final Design 6,500.00 100.00 0.00 6,500.00 Bidding Administration 3,000.00 0.00 0.00 0.00 Meetings 3,200.00 0.00 0.00 0.00 Total Fee 12,700.00 0.00 6,500.00 Total Fee Total this Phase Total this Invoice Services provided this period include: Updated models and control structure detail revision li CPH, Inc. 500 West Futton Street Sanford, Florida 32771 Phone: 407.322.684-1 6,500.00 $6,500.00 $6,500.00 Page 16 Invoice Justin Faircloth Heritage Bay Community Development District C!O � North America 5911 County Lakes Road Ft. Myers, FL 33905 Heritage Bay Lake Outfall Structure Replacement @ 10154 Heriage Bay Blvd, Naples FL 34120 Profe5si4n.lnrices_hrou.gh Novernbj_9,,2017 Fee December 15, 2017 Project No: H13608 Invoice No: 106268 Percent Previous Fee Current Fee Billing Phase Fee Complete Billing Billing Final Design 5,000.00 100.00 0.00 5,000.00 Pre -Application Meeting 1,250.00 0.00 0.00 0.00 Meetings 3,200.00 0.00 0.00 000 Total Fee 9,450.00 0.00 5,000.00 Total Fee Total this Phase Total this Invoice Services provided this period include: Updated models and detail revision, l i0 CPH, Inc. �. .. ,. t. I'• l C 41 � I� tl Ill 500 West Fulion Shrect Sanford, Florida 32,'7"I Phone: 407322.684 1 5,000.00 $5,000.00 $5,000.00 Page 17 invoice Bob Koncar December 15, 2017 Heritage Bay Community Development District Project No: S28902 C/o � North America Invoice No 106275 5911 County Lakes Road Ft. Myers, FL 33905 Meetings & Miscellaneous Services at 10154 Heritage Bay Blvd. Naples, FL- Collier County Professional Services throuah November 19. 2017 1 Meeting Attendance & Misc. Services Professional Personnel Total this Phase Total this Invoice Services provided this period include: Prep of exhibits, loan detail call, meeting to review cost, CDD Meeting, review SFWMD permits. CPH, Inc. 1 500 Wort Fulton Sheet Sanford, Florida 3277' Phone: 407.322.684 2,307.60 $2,307.50 $2,307.50 $2,307.50 Page 18 Hours Rate Amount Senior Project Manager 9.25 170.00 1,572.50 Project Engineer 6.00 120.00 720.00 Clerical .25 60.00 15.00 Totals 15.50 2,307.50 Total Labor Total this Task Total this Phase Total this Invoice Services provided this period include: Prep of exhibits, loan detail call, meeting to review cost, CDD Meeting, review SFWMD permits. CPH, Inc. 1 500 Wort Fulton Sheet Sanford, Florida 3277' Phone: 407.322.684 2,307.60 $2,307.50 $2,307.50 $2,307.50 Page 18 Project 828902 Severn/ Heritage Bay CDD: Meeting & Misc Invoice 106275 Billing Backup Friday, December 15, 2017 CPH, Inc. Invoice 106275 Dated 12/1512017 2:19:33 PM ---------------------------------------------- 1 Meeting Attendance & Misc. Services Professional Personnel Total this Phase Total this Project Total tH. a Report 2,307.60 $2,307.60 $2,307.60 $2,307.60 $2,307.60 Page 19 Hours Rate Amount Senior Project Manager 70-0972 Lockhart, Joshua 10/1812017 1.50 170.00 255.00 BOS meeting to review updated coststnext steps for other sections of the lake 70-0972 Lockhart, Joshua 10/30/2017 1.00 170.00 170.00 loan detail call 70-0972 Lockhart, Joshua 10/31/2017 .75 170.00 127.50 contract review 70-0972 Lockhart, Joshua 11/1/2017 1.50 170.00 255.00 contract review for emergency repairs, lake 20, control structure 70-0972 Lockhart, Joshua 11/2/2017 4.00 170.00 680.00 attendance at CDD meeting, site walk of bridge 70-0972 Lockhart, Joshua 11/3/2017 .50 170.00 85.00 prep of exhibit for chairman Project Engineer 70-01176 Jennings, Joshua 10/17/2017 6.00 120.00 720.00 check SFWMD permits for Lake 20, model site Clerical 70-01233 Blydenburgh, Lori 11/1/2017 .25 60.00 15.00 Prebills Totals 15.50 2,307.50 Total Labor Total this Task Total this Phase Total this Project Total tH. a Report 2,307.60 $2,307.60 $2,307.60 $2,307.60 $2,307.60 Page 19 Lake & Wetland Management 5301 N Federal Highway, Suite 204 Boca Raton, FL 33487 Bill To Heritage Bay CDD c/o Inframark 210 N. University Drive., Ste. 702 Coral Springs, FL 33071 Invoice Date Invoice # 4/3/2018 45822 Account # Terms 1525 Net 30 Quantity Description Rate Amount April - Lake Maintenance - 29 Lakes Including algae, border grass and invasive exotic 6,000.00 6,000.00 plant control including submersed vegetation totaling approximately 55,054 linear feet. April - Lake Maintenance - Lake 30- A and 30- B Including algae, border grass, 1,000.00 1,000.00 submersed vegetation and invasive exotic plant control for one lake and one lake shore line (East Bank of 30-B) totaling 9,690 linear feet. Thank you for your business. Total $7,000.00 For billing questions please contact (561) 303 - 1013. Payments/Credits $0.00 For service questions please contact (239) 313 - 6947. Balance Due-age20$7000,00 r "m o v min�oia ry (.i r W d N '� r (O_ N , to N N V U w] •._- W � t0 Q voA 8 0. O Z % }�v co d mu'i ,C—" mP m €m m y o o o. 6 uuawCm` cviacat co rn m m rn ro . oas'oo 3 0 o z Vo c R m E aN' m �?dQ co G U v$ m' (a)v m X30 o' co ?� = c,co E== E E E ° E E c r v atm-. .=o$ v E o0o v moo 'kN o EIt _`Q.'. g N N G �_ 0 p�� 7 E2 N N N ik N N O d E N v w F ,o 8 'n�� E E z ci 5 5 v v CA C m 01 m f E E E E •10 3 E CL E E Ei° E •� 'w O 0. o m •m 3 O d P 0. Q 0. N p CJ U U 8 U G U U U V U E C C C C N O O N V O n O O O ci ��p V M W O o o O n ui n O aN O w eP N O r hi O W Op h� V W CO h n W C'J n 0 Lo M N r OF O of Z M V) O O O N O O n O O td0 tn0, U W d (V O O W O O O O N f i O) fD OJ 07 CV N O (V �O t` O A F U a W p O p O pp 6 o O r N pp 0 o 0Op O O O o O 0 m p 0 0 0 0 a O ~ pp p �S�pp m ooO r W l0 LOO N O n O O O N Z j f9 O W O U1 O n tD V' O? QI' V; V 0 Ix IL c M d O O O O O O O O O N N N N N O O O N CEJ M Q N O Y e c K � A ro iv m m X N c27 R N V W O O LI. d A O O # C L N O }} LL {�. J N A C Y R m M £ C A C 'c c 0 a LUC .0 U w CJ i1 v m Ci m 0 0 m 0 :D y o vi o o to m m o r� o N a m m m e o °i c $ a W M U 2 0 J m ; 0 m O a a a o m aro o °' a W a s '� d jR U J J C7 J 1Y V U U U a' U D U U U CI U U M U CS f - ro J Q cl; jlq U) ly O z V) Q U) go CD IN W N Nwi O h.. Cl) O W so OR c„ f 0~, oo M ` 0 00W t w p m z 7 O CO '.` CO C3 O N': O w DOD LO N N N H r O Q u9 z �Cpb Cf) c00 0o rn r as p f f f N N N O d AJ m @; O � bca F- .ro 0 0 7Co O M v IL mI m o O ui CD -' th v = rt� J a o z U O 0 F 66 INFRAMARK INFRASTRUCTURE MANAGEMENT SERVICES Heritage Bay CDD 5/10/18 — Field Management Report www.inframarkims.com Inspected on: 5/10/18 by: Lynn Jackson 1^ Lake Management The water levels are lower from the last visit. The lakes were in very good shape with minimal weeds, see picture below with some healthy spike rush all along the embankment around Lake 18. Additional lake maintenance information is found below; all lake issues are low density unless otherwise noted. a. Algae on Lakes: Very low density of algae on lakes 1, 2 (pictured), and 10. b. Littorals: i. Alligator Flag in Lakes: No issues observed. [. : i Alligator Weed |n Lakes: Noissues observed . 1 |nfmma,k��omh� Management Report Brazilian Pepper: Starting to grow on the south bank of lake 6 by the bridge. 1. Cattails in Lakes: No issues observed. Climbing Hemp Vine in Lakes: No issues observed. Dollar Weed in Lakes: No issues observed. ,I I Hydrilla in Lakes: No issues observed. i Illinois Pond Weed in Lakes: 1 (pictured), 30A, & 3013. Inframark Monthly Management Report 2 i. Palms on Lake Banks: Young palms should be sprayed to prevent from growing into mature trees creating a maintenance item for the District. The Board may want to consider removal of this palm on Lake 24. x. 1) 'eU -'ges In Lakes'. No issues observed. Spatterdock/Lily Pads in Lakes: No issues observed. Inframark Monthly Management Report i. Torpedo Grass in Lakes: 3, 10, 11 and 15 (pictured). -i! .IHI, Various Submerged weeds in Lakes: No issues observed. d. Rocks: The weeds on the east and south banks of lake 30A need to be sprayed out. e. Trash in Lakes: Since the water level is down with the lack of rain, Lake & Wetland has done a great job removing all the debris that was previously observed in the lakes. f. Bulkheads: No issues observed. g. Clippings in Lakes: No issues observed. h. Lakes sprayed: Lakes have recently just been sprayed for weeds. (picture of lakes 9 & 10) Inframark Monthly Management Report 4 2. Lake Bark Erosion Lake 30A and lake 30 lake embankments are in the process of being repaired. See several photos below. inframark Monthly Management Report 5 System3. Storm Drainage a, Control Structures: ake 21. i. Basin 1: Control Structure 1-31-10 was not flowing. ii. Basin 2: Control Structure 1-61-20 was not flowing. Control Structure 1-121-20 was not flowing. iii, Basin 3: Control Structure 1-251-30 was not flowing. iv. Basin 4 & 5: Control Structure L281-30 was not flowing. v. Basin 6: Control Structure L30000O3 not flowing. Control Structure L30000O2 was not flowing. The Board may want to have the plants around Control Structure 1-51-6 be cut back and the rip rap sprayed. Inframark Monthly Management Report 6 h. Drains: A missing drain cover between Lakes 17 and 21 should be replaced. Edging should be performed around drains to ensure proper flow as the rainy season has begun. P ", Roadway Catch Basins: No issues observed. U, Catch Basins: No issues observed. e. Inter-Connect/Drain Pipes: No new issues observed. II i. Illicit Discharges: No issues observed. g, Lake Drainage Pipes: No new issues observed. Z Bass F-1 Bream Z Egrets Z Herons ZAnhinga Z cormorant F-1 Woodstork [] Otter ❑ Catfish ❑ Coots ❑ Osprey Z Alligators Z Gambusia E] Gallinules Z Ibis D Other: Z Turtles [:]Snakes Inframark Monthly Management Report 7 . Residential Complaints/Concerns, Comments were received about clippings leaving Lake 30B from the Truxor cuttings by Lake and Wetland Management. This item has been addressed with the vendor and a solution proposed that will be utilized during future cutting treatments. . Non -CDD Issues: Hotwire cover was not tightly screwed down on the bank of lake 21. This Inframark Monthly Management Report 3rd. RESOLUTION NO. 17- 2 2 9 A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF COLLIER COUNTY, FLORIDA AUTHORIZING FINAL ACCEPTANCE OF CERTAIN ROADWAY AND DRAINAGE IMPROVEMENTS IN HERITAGE BAY COMMONS, ACCORDING TO THE PLAT THEREOF RECORDED IN PLAT BOOK 43, PAGES 46 THROUGH 54; RELEASE OF THE MAINTENANCE SECURITY; AND ACCEPTANCE OF THE PLAT DEDICATIONS WHEREAS, the Board of County Commissioners of Collier County, Florida, on January 11, 2001, approved the plat of Heritage Bay Commons for recording; and WHEREAS, the Developer has constructed and maintained the roadway and drainage improvements in accordance with the approved plans and specifications as required by the Land Development Code (Collier County Ordinance No. 04-41, as amended); and WHEREAS, the Developer is requesting final acceptance of the roadway and drainage improvements and release of his maintenance security; and WHFREAS, the Development Review Division has inspected the roadway and drainage improvements, and is recommending acceptance of said facilities. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF COLLIER COUNTY, FLORIDA, that final acceptance is hereby granted for those roadway and drainage improvements in Heritage .Bay Commons, pursuant to the plat thereof recorded in Plat Book 43, pages 46 through 54, acceptance of the plat dedications, and the Clerk is hereby authorized to release the maintenance security. BE IT FURTHER RESOLVED AND ORDERED that Collier County accept the plat dedications and that the roadway and drainage improvements within Heritage Bay Commons will be maintained by Collier County in the future. This Resolution adopted after motion, second and majority vote favoring same, this { 't day Jr rr ,2017. DA'Z'E: ATTEST: DWIGHT E BROC`K, CLFRK By: Provn4ltu No n I Y, qs to rm- and. -legality: Jeffrey A-Kla zkow, County Attorney BOARD OF COUNTY COMMISSIONERS COLLIER Y, FLORIDA By: .G7 Penny Tayjr Chairman Cl