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01/13/2022 Minutes t6I1 -4 MINUTES OF MEETING WENTWORTH ESTATES COMMUNITY DEVELOPMENT DISTRICT The Regular Meeting of the Board of Supervisors of Wentworth Estates Community Development District was held on Thursday,January 13, 2022,at 8:30 a.m., at the Treviso Bay Clubhouse, 9800 Treviso Bay Boulevard, Naples, Florida 34113. Present and constituting a quorum: Joe Newcomb Chairperson Robert Cody Vice Chairperson Steve Barger Assistant Secretary Joanne Lekas Assistant Secretary Andrew Gasworth Assistant Secretary Also present were: James P. Ward District Manager Greg Urbancic District Attorney Bruce Bernard Assets Manager Tony Grau Grau and Associates Andrew Gill Mike Conner Audience: Scott Bertrand Treviso Bay Master Association Ed Callahan Treviso Bay Golf Association Joe Lawson All resident's names were not included with the minutes. If a resident did not identify themselves or the audio file did not pick up the name, the name was not recorded in these minutes. PORTIONS OF THIS MEETING WERE TRANSCRIBED VERBATIM. ALL VERBATIM PORTIONS WERE TRANSCRIBED IN ITALICS. PORTIONS OF THIS MEETING WERE CONDUCTED OUT OF ORDER OF THE AGENDA AT THE DIRECTION OF THE DISTRICT MANAGER AND THE AGREEMENT OF THE BOARD. THE MEETING WAS TRANSCRIBED IN THE ORDER OF THE AGENDA. FIRST ORDER OF BUSINESS Call to Order/Roll Call District Manager James P. Ward called the meeting to order at approximately 8:30 a.m. He conducted roll call; all Members of the Board were present, constituting a quorum. 1 I P ;.; 161 f Wentworth Estates Community Development District January 13, 2022 SECOND ORDER OF BUSINESS Consideration of Minutes August 12,2021—Regular Meeting Mr. Ward stated the second order of business was consideration of the Minutes. He asked if there were any additions, corrections,or deletions to these Minutes; hearing none, he called for a motion. On MOTION made by Mr. Andrew Gasworth, seconded by Ms. Joanne Lekas, and with all in favor, the August 12, 2021, Regular Meeting Minutes were approved as corrected. THIRD ORDER OF BUSINESS Consideration of Resolution 2022-1 Consideration of Resolution 2022-1, a resolution of the Board of Supervisors of Wentworth Estates Community Development District supplementing Resolution No. 2018-3 (as may have been previously modified and supplemented), which resolution previously equalized, approved, confirmed, imposed, and levied Special Assessments on and peculiar to property specially benefited(apportioned fairly and reasonably) by the District's projects: (i) approving and adopting Wentworth Estates Community Development District Summary of Bond Refunding report dated August 30, 2021; (ii) Adopting and confirming an Assessment Roll; (iii) ratifying the actions of the Chairman and Staff related to the District's Special Assessment Refunding Bonds, Series 2021; and (iv) providing for the recording of a Notice of Series 2021 Special Assessments Mr. Ward: Essentially, if you recall, in August of last year, we refinanced your prior series of bonds to achieve lower interest rates. They were done in August in order to ensure we were able to get those lower assessment rates on the tax bills that all residents received in November. That was accomplished and there was significant savings as a result of those bonds. What this resolution does is simply equalize and approve the final assessment levels, both the par debt on all outstanding lots and what we call maximum annual debt service, which is the amount that all residents pay on their tax bills on a yearly basis for the capital portion of the assessment that we have in place. Attached to the resolution is primarily my report that outlined the restructuring of the bonds themselves and the par debt on all of the lots that are here within Treviso Bay. Mr. Greg Urbancic: That was a good summary. It's just a long history of how we got to this point and the primary purpose is to adopt this summary report regarding what the assessment levels would be. Mr. Ward asked if there were any questions; hearing none, he called for a motion. On MOTION made by Mr. Joe Newcomb, seconded by Mr. Andrew Gasworth, and with all in favor, Resolution 2022-1 was adopted, and the Chair was authorized to sign. FOURTH ORDER OF BUSINESS Consideration of Resolution 2022-2 Wage 161 1 Wentworth Estates Community Development District January 13, 2022 Consideration of Resolution 2022-2, a resolution of the Board amending the Fiscal Year 2022 Budget which began on October 1,2021,and ends on September 30,2022 Mr. Ward: This is a companion item to Item 3. What we are doing is amending the Budget that we adopted prior to the issuance of the bonds last year to now coincide with what we are doing on the new bond issue, and you actually will be able to see on Page 1, at the bottom, the new assessment rates for what we call the debt service fund, but which is your capital assessment for Treviso Bay. He asked if there were any questions; hearing none, he called for a motion. On MOTION made by Mr. Steve Barger, seconded by Mr. Andrew Gasworth, and with all in favor, Resolution 2022-2 was adopted, and the Chair was authorized to sign. FIFTH ORDER OF BUSINESS Consideration of Audited Financial Statements Consideration of the Audited Financial Statements for Fiscal Year 2021, which ended September 30, 2021 Mr. Ward: These audited financial statements were prepared by Grau and Associates and covered the period from October 1, 2020 through September 30, 2021. He explained no representative from Grau and Associates was present;therefore,this Item would be deferred until the next meeting. Following discussion of the landscaping enhancements, Mr. Ward indicated Mr. Grau called into the meeting and this Item could now be discussed. Mr. Tony Grau with Grau and Associates reviewed the Audited Financial Statements for the Fiscal Year ended September 30, 2021. He reported the audit opinion was on page 1 and 2 and reflected a clean opinion with respect to the financial statements and disclosures of the CDD. He indicated there was a new item in the audit report, Additional Information, which was required by the Auditor General. He stated the management discussion and analysis was a recap of the financial activity during the Fiscal Year. He indicated page 4 showed a condensed statement of net position with comparative numbers between 2021 and 2020 which was fairly consistent. He noted page 5 was the income statement (changes in net position) with comparative numbers to 2020; investments went up, and as the bonds were refunded there were bond issue costs which would not reoccur. He reported the financial statements were next and included the statement of net position. He stated following this was the statement of activities which was the income statement for the government wide financial statements. He reported after that was the funds' financial statements (general, debt service, and capital project funds). He stated the income statement was on page 11 and showed the assessments, expenditures, and debt service. He stated page 13 began the footnotes to the financial statements which were consistent with the prior year. He indicated on page 19 were the capital assets which showed appreciation during the year. He stated Note 6, on page 20, had all the information about the bonds: the 2018 bonds were refunded in 2021; long term debt activity reflected the 2018 bonds being eliminated and the addition of the new 2021 bonds. He reported next was the budget to actual statement on page 22,then on page 24 was the new information required by Florida Statute. He stated the remainder of the report contained the various reports required under government auditing Wage t6I1 Wentworth Estates Community Development District January 13, 2022 standards and by the Auditor General. He noted there were no findings and only clean opinions. He asked if there were any questions. Mr. Newcomb: On page 29, number 5, it says the District has not met one or more of the financial emergency conditions described in section... Mr. Ward: That's a double negative. Those are the words that they are required to use. It just means we did good. We didn't do anything that would put the District in a state of financial emergency. It's the stupidest sentence I've ever read in my entire career, but it's the required words pursuant to the statute. Mr. Grau: Yeah, if there was a problem it wouldn't be worded this way. Basically, if there was a financial emergency, for example if you don't pay your bonds, or you don't pay your vendors within a certain time period. That's what that is referring to. Mr. Newcomb: On the statement of revenues, page 11, it shows a net change in fund balance for the general fund of roughly$180,000 dollars. Does that mean that we ended up with$180,000 dollars more in cash than we started with? Mr. Ward: Yes. Mr.Ward asked if there were any questions; hearing none, he called for a motion. On MOTION made by Mr. Steve Barger, seconded by Mr. Andrew Gasworth, and with all in favor, the Audited Financial Statements for the Fiscal Year ended September 30,2021,were accepted for purposes of inclusion in the record. SIXTH ORDER OF BUSINESS Consideration of Landscaping Enhancements Consideration of the landscaping enhancements and electrical lighting improvements to the District by Calvin,Giordano,and Associates, Inc. Following discussion of the Asset Manager's Staff Report, Mr. Conner called in, so this Item could now be discussed. Mr. Bernard: As you know, we have a project we want to look at in the preserve south of Via Veneto. The pictures show some of the back areas that are behind Via Veneto where for some reason over time the preserve trees died and were never replaced. These people put together a plan which is on the right side, to replant slash pines and cabbage palms in that area. There are like 3 or 4 homes back there that would fill that preserve back in and make it a preserve, not just an area with sand. That was one of our first proposals. Mr. Newcomb: I went and looked at it and they are definitely bare back there. I guess my big concern is, is that really a dedicated turtle preserve? There are a lot of gopher tortoises back there. 4IPage 1611 Wentworth Estates Community Development District January 13, 2022 Mr. Ward: In Florida, the way the state law currently works, to the extent they are there, they are automatically preserved as a result of the law. If you want to relocate them, you literally have to relocate them somewhere else, provide another location where they can survive. So, if it's in the community, then it is kind of just there. Mr. Newcomb: But the thinking is this would not disturb any nests or whatever? Mr. Conner: Of course not. It is more just areas that are kind of barren. They don't have as much vegetation as some of the other areas. And being close to some of the homes, trying to fill it in with more of the same natural plants, native Florida plants, such as the slash pine and cabbage palms that are already there. In addition, some of the shrub material would be fakahatchee grass and pink muhly grass which again are native grasses that are already there. It's just filling in and putting more in there, so that it looks more complete, and it doesn't look as patchy. Mr. Newcomb: Just for information, the only people who are going to see this is the 6 or 7 houses that are right there. Unless, I'm assuming, it's legal to walk back in that preserve. Is that correct? Discussion ensued regarding whether it was legal to walk in this preserve area. Mr. Conner: There is part of the area if you look at the plan to the far left side, there is kind of a walkway that goes through the community. Those areas to the left are more visible to the public. The ones to the right are more behind people's houses. Most of the other areas are pretty full looking, so these are the areas we thought, again the bare areas, it looked like it was lacking. Ms. Lekas: Is this the area that abuts the land that just got sold? Mr. Newcomb: No. Mr. Bernard: This is the first project we are looking at. The second is the landscaping at the main entrance. Mr. Newcomb: What's the cost estimate for that project? Mr. Bernard: We got quotes on that in April in last year's budget. The price that came in was about $20,000 dollars. The next project, at the front entrance, we are looking to do landscaping. Mr. Conner: This project is kind of in conjunction with the upgrades to the landscape lighting at the entrance way too. I don't know if we want to talk about that now. But one of the things Bruce had mentioned to me in looking at the entrance way was the fact that a lot of the landscape up lights were either damaged or not working or in disrepair. We are looking at doing that, and also, at the same time, there was concern at the way that one particular plant, dwarf lobelia, which has a purple flower and a spiky plant, is kind of hard to maintain. It gets leggy. It doesn't really look good, so he asked me to look at a replacement for that particular plant in the entryway area. As a result of that, there were whole plants that I noticed were not performing very well, so we wanted to enhance the planting with more colorful plants to give you more punch of color as you come into the entry and drive up to the gate. The other aspect was to replace a couple of the royal palms that are very obviously missing. There are gaps in the plantings of royal palms behind the signs and the fountains. The second part of it is, with the new additional landscape lighting that goes forward on either side of the entrance along US 41, we are Wage t611 Wentworth Estates Community Development District January 13, 2022 putting a lot of the new up lights in front of the plantings shining back at the trees, so those fixtures would be visible, and this is a way of adding a little bit of ground cover in front of that fixture to conceal the fixture and you don't really notice it but at night. There will be a lot more landscape lit up on either side of the main entryway where all of the lighting is now currently. He discussed the plants which would be used in the landscaping which were hardy,easy to maintain plants. Mr. Bernard: One thing about the royal palms. These are the royal palms behind the walls of the fountains that were removed after the hurricane and never replaced. There are three on the east side and one on the west side. We are just putting them back right in the same place where the old ones were. Discussion ensued regarding the palms, and the dwarf lobelia (Mexican petunia) being considered invasive in some areas. Mr. Newcomb: On some of your up lighting, are you using the inground ones? I have used these in the past and have not had good success with them. They ended up leaking and once they get water— Mr. Conner: The reason we suggested using those fixtures is, going around the curve you have the paver walkway areas on both sides and there are raised planters, so those fixtures are the only ones that we are suggesting to be inground fixtures because they are already raised up 18 or 24 inches, so they are more at your eye level and you notice them more, and you are not going to have the ability to have plants hiding the fixture itself. Whereas for the ones in the other areas on the ground,just regular up lights in the landscaping will work fine. That was our reason for suggesting— Mr. Newcomb: Do you think they will last as long as the ones mounted above ground? Mr. Conner: As long as the fixture has an IP rating of 66 or better, they should be more watertight. Again, it's raised up in a raised planter, so there's not quite as much moisture getting into them as it would be. I think it will be fine. The manufacturing of light fixtures continues to get better and better in terms of the water proofing, so compared to 10 or 15 years ago, the technology and the seal on them has gotten much better. Mr. Newcomb: How long do you expect them to last? Mr. Conner: I would expect them to last another 10 to 15 years. Typically, the manufacturer warranty on landscape lighting like this is a minimum of 5 years but I would think that they would last a lot longer. Discussion ensued regarding the life expectancy of landscape up lighting, the up lighting being low cost LED, the existing lights being HID, and no new wiring needing to be run for replacement of existing lights. Mr. Conner reviewed the cost estimates:$94,500 for lighting, $21,000 for landscaping. Mr. Ward: I think the intent is, we are going to have to do this in phases. I think they can do some of the landscaping in the current year's budget. I will just do an amendment and we can cover that. The electrical fixtures and lighting are going to have to fall into the 2023 budget. That will most likely impact your assessment rates at that point. We will see what that does when we get there. So, if you guys are okay with it, I will go ahead and do a budget amendment for the landscaping portions of it. We will do it 6IPage 16II Wentworth Estates Community Development District January 13, 2022 in the current year. And I will ferret out all the rest of the financing pieces of that over the coming months. Ms. Lekas: So, the landscaping for the main entrance and the preserve area? Mr. Ward: It's up to you. I heard some concern about doing the preserves, so it's up to you whether you want to do that. Obviously, Bruce put it in here because we are recommending it, but it's up to you. Clearly, the entrance has to be done. Let's do the main entrance to start with. Let me delve into the preserve area a little more because there are some questions that I'm not sure I know the answer to that I'd like to. Let me do that. We will do the landscaping on the entrance. We will hold on the preserves, and then we will budget for the electrical work in the 2023 budget. We will probably start the design now on the electrical piece of it, and then we can fund the installation part of it next year. Seem reasonable? The Board agreed. Ms. Lekas: Are there any estimates of what we would actually save in electricity? Mr. Ward: I think that number is 0 or less. There are lights that currently are not working at all. SEVENTH ORDER OF BUSINESS Staff Reports I. District Attorney Mr. Urbancic: The legislative session just kicked off. There are a couple of bills that could affect us. We will take a look as we go. The two most prominent that I've seen would be one that would change the limited waiver of sovereign immunity for CDDs. Currently it's $200,000/$300,000 individual and per current and the aggregate, and so the bill proposal is to take it up to a level of$1 million dollars. We will see if that passes. It has been tried several times before and has failed, so we will see if it actually comes through. There is also one that allows us to conduct meetings when there is a state of emergency. I think it is broad enough to cover various types of emergencies which we could experience. We will see if that passes as well. I think there might be some momentum for that one. I'll update you at subsequent meetings as that comes through, and then we will talk about the storm water needs later. II. Asset Manager a) Operations Report July 2021 b) Operations Report August 2021 c) Operations Report October 2021 d) Operations Report November 2021 e) Operations Report December 2021 f) Water Quality Report June 2021 g) Water Quality Report July-September 2021 h) Water Quality Report October-December 2021 Mr. Bernard: In the last few months since we had a meeting, we have replaced the fountain in Lake 9 behind the pool clubhouse area. The motor had burnt out, so we had that replaced. We started the lake bank restoration program for this year. We are right now on Lake 21, and we will be going from 7IPage 161 Wentworth Estates Community Development District January 13, 2022 there up front to do four lakes. This year we will be doing 5 lakes in our lake bank restoration program. We are looking to be done by the end of April before the rainy season. Mr. Barger: We aren't doing every bit of the bank,just sections? Mr. Bernard: We walked the lake banks to see where the drop-offs came. If the slopes were fine, we didn't do those areas. We are doing about 4,400 linear feet this time. Some of them get totally done, like the little lake next to the fountain, on the roundabout. That we'll do completely, and the one just to the north of that gets like 80% of it done. The lake you live on gets 880 feet done. The next lake over, Lake 5, gets another 900 feet. We also had Coastline Tree Service come in last month and cut the trees up front at the main entrance and also trim all the royal palms on Southwest Blvd. Mr. Barger:I'd like to add something on a personal basis. If you have trees that need trimming, they are a great company to work with. Mr. Ward: As you remember, we entered into an agreement with FGCU a little more than a year ago to test the buoys in the lakes. At the end of the day, I read all of these reports and it seems like they work on one kind of particular algae, not another one. The lakes they have been most useful in are the front lakes where there is probably the least amount of fertilizers going into the lake systems. The buoys along the golf course, because of the amount of fertilizers, they seem to be less effective in those lakes. If you look at the cost of the program, in terms of this community itself,for us to treat them on a chemical basis versus this, they are probably $8,000 dollars a year more to use them instead of using the chemical program. Normally in a district of this size $8,000 dollars is not a particularly huge number. It works out to be$7 per unit per year. The good part about them from what I can tell is that they do reduce the amount of chemicals which has been something that I have heard about for a number of years in this community of not using the particular chemical glyphosate in this community that is in roundup and obviously in the chemicals that we use in the water management system also. We can't go away from the use of chemicals; we have to use them. All this does is really reduce by a very small percentage the amount of chemicals we put in the entire water management system. The downside of them is they are big, and they look like ski slopes to me. I know some residents have said to us they don't really care about the looks. Some have said yeah, they are really hideous, can you make them go away tomorrow kind of thing. If you want to enter into this kind of thing on a going forward basis, we can do that. I don't have a strong opinion one way or another on what we do with the buoy program. It does help some with the chemical use, but it is really your call. Mr. Bernard: As Jim said, it works out front. It doesn't totally remove the microalgae, but it does a pretty good job of containing it. The lakes in the back around the golf course, the one on 33, and right there at 42 around the peninsula, it might lessen it a little bit, but it really doesn't work that well. Mr. Barger: You are our lake expert. What do you think? Mr. Bernard: I'm not an expert. Like Jim said, if you want to go green, it's a greener way of going so you aren't using as many chemicals, or if the aesthetics aren't right then we can take them out and spend$8,000 dollars less. Mr. Barger: It would not eliminate glyphosate if we kept them. 8IPage !� Ii Wentworth Estates Community Development District January 13, 2022 Mr. Bernard: There is hardly anything out there that's going to eliminate that, because that's a water chemical for algae. There are not that many out there. We have looked for years to try to find other chemicals that would work, and there is really nothing out there cost wise that would do what we need done. It's the same thing in other CDDs. We are all basically using the same chemicals. Mr. Barger: My biggest concern is the aesthetics. They are hideous. Mr. Gasworth: Can that be changed? Are we stuck with the white? Are we stuck with those blue buoys sitting next to them? Mr. Bernard: We haven't talked with the manufacturer. What we are looking at right now is just keeping what we have here. On down the line if there is something else, we can talk with them, if we don't like how these look and you want to remove these and see if there is another form you can put them in that makes it more aesthetically pleasing, we can look at that. But right now, what was proposed by the vendor was to leave these in place and it would cost us$15,000 dollars per year to have them monitor them. Mr. Barger: Would it be possible to let the public comment on this? Mr. Ward: Yes, as soon as you finish your discussion, we will open it up to public comment. Ms. Lekas: Is it all or nothing? It sounds like it is useless on the back lakes here by the golf course. Mr. Ward: They are less effective. From what I can tell they are probably 50% less expensive when you look at all these reports within the golf course itself. I don't know if it is all or nothing. I asked Bruce to determine what it would take to keep the program going. The only big issue to me is whether or not you really want to begin to reduce the chemical use in Treviso Bay. This is a way to do that. If you decide that is an important feature, then keeping them is a good idea. If you decide that is not an important feature, then we don't need to keep them. As I said to begin with, I don't see a substantive difference in the chemical use by keeping them in place. We would use a little bit less, but not so much that I would go, yeah, we have to keep these because we see a significant reduction in chemical use and in the use of glyphosate. Glyphosate has been the subject of too many lawsuits, but they are primarily related to the Roundup issue, not necessarily the concentration levels we use in the chemicals in this system. It's just something to think about. I see no overriding concern either way with what you decide. He asked if there were any other questions or comments from the Board; hearing none, he opened the floor for public comments. Mr. Scott Bertrand(ph): I am the General Manager of Treviso Bay Master Association, as well as the Treviso Bay Golf Club. Our concern is the aesthetics. We have received nothing but negative comments about it. I got a comment recently from someone who moved into a $3 million dollar home at Peninsula complaining their view of the lake, about the aesthetics. I think there are probably lots of homes with views of these. When we hear that the results are not illuminating, I have to ask is it really worth it. If we are not getting enough bang out of our dollar, then is there a better way to do it. Certainly, if there were a way to make them more attractive, but other than sinking them under the water, I don't know how you are going to make them more attractive. He further discussed the poor aesthetics of the buoys and indicated he wished to see them removed. 91Page � 6I1 Wentworth Estates Community Development District January 13, 2022 Mr. Ed Callahan (ph): I am President of the Treviso Bay Golf Association and I echo Scott's comments. I would like to say from the golf course perspective, as part of our vision and strategic plan, one of our visions is to provide our members with a premier TPC golf experience in a pristine natural environment. To that end we have done that much to the dismay of some members. We don't have ball washers on every hole. We don't have big signs. From an aesthetic standpoint it has been a huge issue for us. We've had nothing but complaints. We've had nothing to defend it, so I appreciate your comments this morning. He further discussed the poor aesthetics of the buoys and indicated he wished to see them removed. Discussion ensued regarding the poor aesthetics of the buoys, the buoys not being as effective as hoped, terminating the buoy program, and the possibility of revisiting this in the future as technology improved. Mr. Ward explained the buoys could be revisited in the future as technology improved; however, the Board should be aware the buoys were expensive to purchase ($50,000 dollars each). When you look at it that way, if they go, the probability of us ever putting them back in is very slim just because the capital cost is huge. I think if they go, they are gone. We can revisit it, but I don't think you're going to want to spend that kind of money. Mr. Bernard: The only way I think we should revisit this is, if they improved the technology and wanted to do another test program, we could do the same thing to see if we get better results down the road. To me, you need smaller units and a different layout. You can't have them protruding out of the water like they do now. Mr. Ward: Okay, I think I got a sense of the Board. We are taking them out. Okay. The program ended, so all I have to do is authorize them to go away. I will go ahead and do that. There is no motion required. III. District Engineer No report. IV. District Manager a) State Law Requirements for Stormwater Reporting b) Closing Memo and Summary of Bond Refinancing c) Financial Statements for period ending August 31,2021(unaudited) d) Financial Statements for period ending September 30,2021(unaudited) e) Financial Statements for period ending October 31,2021(unaudited) f) Financial Statements for period ending November 30,2021(unaudited) g) Financial Statements for period ending December 31,2021(unaudited) Mr. Ward: At the last legislative session, the state amended a particular law that required districts to do long term storm water analysis planning. Essentially the law requires us to report, by June 30, 2022, the long-term capital restoration costs of your drainage system, the long term operating costs for that system, and then also to provide that on an ongoing basis every five years. The first report, as I said, is due June 30 of this year. I have already authorized Calvin Giordano to go ahead and prepare that in the next couple of months for us. Just as a matter of reference, this came out of 10IPage 16I 1 Wentworth Estates Community Development District January 13, 2022 nowhere out of the last legislative session, so every special district in the state is going through this process of trying to figure out what it is that we are even doing. The state did prepare some forms after the law was enacted to tell us at least initially what we are going to be doing. I believe that is in your package also. This is a new legal reporting requirement that we have to meet. It will impact our budget on a yearly basis. Obviously, this year it will impact it a little bit also. Mr. Urbancic: It is a five year requirement. The state promulgated that form to hopefully make it more uniform, but there is just so much uncertainty out there with how this whole thing is going to get reported and what they are going to use the information for, but it's just another layer of reporting that we have to do and there is no choice. Mr. Barger: There was a $9,000 dollar expense in November. It says for a reserve study report. Is that what this is related to? Mr. Ward: No, that is a whole other item we started, but I will go into that at another time. The only other item I have for you, I did put in your agenda package a summary of the bond financing, and I wanted to make sure we had it on the record. For our 2018 bonds we had par outstanding at$24.19 million. We lowered the par debt down to$22.485 million. Our interest rates now range from 1.06% to 2.5%. In the old issue they ranged from 2.2% to a little over 4%. So, we had a pretty significant reduction in interest rate, obviously a reduction in our par debt, and we were able to liquidate our reserve account(the account in place that sits in cash in the event there is a default on the bonds and triggers a state of financial emergency). We were able to liquidate that and use that towards the refunding. So, that basically is a summary of your bond issue. As I said, your assessment rates were significantly reduced going into the 2022 year. Mr. Gasworth: The sales center office. They owed us some money in unpaid assessments. Did we ever get that? Mr. Ward: Their assessments by the District are on the tax bill which were paid. So, we are good to go with those guys. Mr. Gasworth: So, those lawsuits or whatever the issues they had, that's all resolved? Mr. Ward: I never use the word resolved with lawyers, so I'm going to say it's kind of dead in the water at the moment. EIGHTH ORDER OF BUSINESS Supervisor's Requests and Audience Comments Mr. Ward asked if there were any Supervisor's requests or questions from the Board; there were none. He asked if there were any audience members with comments or questions. Mr. Joe Lawson (ph): I'm just curious on how long, what the expected life is, of the embankment program—is this something that gets done and it should take care of it? Is it just a continual program? Mr. Ward: In districts, cities, counties, whatever they may be, it is generally an ongoing program on a yearly basis. The lakes degrade over time as a natural course in Florida with storms and regular wave action, so they do have to be restored. It's generally an ongoing thing on a regular basis. 11IPage i6r1 Wentworth Estates Community Development District January 13, 2022 Mr. Lawson: Can a designated preserve within the CDD be changed to anything but a preserve? Is it going to be a preserve forever? Mr. Ward: It's going to be a preserve forever. The law allows you, and the regulatory requirements allow you, to go through a laborious process, depending on the kind of preserve it is, to change it in whatever you want to do to it. That's how developers build these kinds of communities because they move preserves around. They change them. Those kinds of things. For a community such as yours, the idea of trying to change your preserve, or go through that laborious expensive process, is probably never going to happen. They will stay as they are forever. Mr. Bertrand: Just on the list of the lakes, could we get a list of the lakes that are going to get—Is there a communication plan that we could get to the community? How could the Master Association help you get that notice out? We get asked a lot about when you start those types of projects, where they are going to be. We have a database that has everybody's information, so if you want to write something we would be happy to send it out on your behalf, out of our system, and then 1,432 people will get it. Mr. Ward: We will take a look at it. Mr. Bertrand: We have been requested— we hear this on the Master site quite often: What is the CDD and what do they do? We were wondering maybe if you'd want to come either to a meeting with us and provide something, or what I would recommend,just a little one sheet "CDD for dummies"and put what the CDD oversees and does, that we could share. Mr. Ward: You can direct residents to the District's website. It does have a pretty good writeup on that information. You can certainly provide a link on your website to ours so that they would have all of that information. I am more than happy to come to your Board Meetings and give a spiel on CDDs in general and Wentworth in specificity if that will help. We are going to try to do a little better this year in terms of putting our programs on the website. I'm in the middle of updating that entire website. Mr. Bertrand: (Indecipherable) Getting ready for next year, we are working with a vendor, getting a number, so if you want us to do it all in one, give you a number, -- Mr. Ward: We will take on the responsibility of designing it or have somebody design it and cost it out, and then I will put it in the District's budget, and this Board will determine over the summer whether or not we will do that. Probably May or June we will take a look at that for you. Mr. Bertrand: I would just recommend when you do your lighting project you put in as many outlets for that as you can. NINTH ORDER OF BUSINESS Next Meeting Date February 10, 2022 TENTH ORDER OF BUSINESS Adjournment 12IPage Wentworth Estates Community Development District January 13,2022 Mr.Ward adjourned the meeting at 9:30 a.m. I On MOTION made by Mr. Andrew Gasworth, seconded by Mr. Steve Barger,and with all in favor,the meeting was adjourned. Wentworth Estates Communit •pment District #, (14 46/ 411111111,:-..._ OSP James .Ward,Secretary comb,Chairman 13IPage