04/28/2021 Minutes 1611
MINUTES OF MEETING
CURRENTS
COMMUNITY DEVELOPMENT DISTRICT
The Regular Meeting of the Board of Supervisors of the Currents Community Development District was
held on Wednesday,April 28, 2021 at 2:30 p.m.,at the Offices Coleman,Yovanovich and Koester,4001
Tamiami Trail North, Suite 300, Naples, Florida 34103.
Present and constituting a quorum:
Charles Cook Chairperson
Ryan Futch Vice Chairperson
Brian Keller Assistant Secretary
Absent:
Robert D. Summers, II Assistant Secretary
Also present were:
James P. Ward District Manager
Greg Urbancic District Counsel
Audience:
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.
FIRST ORDER OF BUSINESS Call to Order/Roll Call
District Manager James P. Ward called the meeting to order at approximately 2:38 p.m. He conducted
roll call; all Members of the Board were present constituting a quorum,with the exception of Supervisor
Robert Summers.
SECOND ORDER OF BUSINESS Consideration to fill Seat 5
Consideration to fill Seat 5,formerly Mr.Tim Martin whose resignation took effect January 29,2020
I. Appointment of individual to fill Seat 5,whose term is set to expire November 2021
II. Oath of Office
III. Guide to the Sunshine Law and Code of Ethics for Public Employees
IV. Form 1—Statement of Financial Interests
Mr. Ward asked if the Board wished to defer this Item until the next meeting. The Board chose to defer
this Item.
THIRD ORDER OF BUSINESS Consideration of Resolution 2021-
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Currents Community Development District April 28, 2021
Consideration of Resolution 2021-, Re-Designation of the Officers of the District
This Item was a companion Item to the Second Order of Business;therefore,this Item was deferred until
the next Meeting as well.
FOURTH ORDER OF BUSINESS Consideration of Resolution 2021-8
Consideration of Resolution 2021-8, Approving the Proposed Fiscal Year 2022 Budget and setting the
Public Hearing on Wednesday June 9, 2021 at 2:30 P.M. at the offices of Coleman, Yovanovich &
Koester,4001 Tamiami Trail North,Suite 300, Naples, Florida 34103
Mr. Ward: Resolution 2021-8 approves the proposed budget solely for the purpose of setting your public
hearing. Your public hearing is scheduled for Wednesday,June 9, 2021 at 2:30 p.m. here at the offices of
Coleman, Yovanovich and Koester. What this really does is set in place the budget process for 2022
which begins October 1 of 2021 and ends of September 30 of 2022. It doesn't bind you to anything in
this budget other than it sets the maximum assessment rates for your general fund for 2022. You will be
able to lower the assessment rates or change any programs or services before your public hearing date,
but once we get to your public hearing date you will be required to adopt the budget in whatever form
you so choose to have that, and that sets in place then the final budget.
Mr. Ward reviewed the budget. He stated this District had a prior series of bonds: 2020 Al and 2020 A2
bonds. He indicated the 2020 Al bonds were issued for infrastructure required for the District and
assessments were in place for the Phase 1 and Phase 2 area for a total of 509 units. He explained the
assessment rates would go on roll this year for all platted lots in Phase 1 and Phase 2 (all lots were
platted at this time). He noted the assessment rates for the bonds remained constant and would not be
changed until the bond debt was paid. He stated the 2020 A2 bonds were currently being prepaid by
the developer as property was sold within the District. He explained the 2020 A2 bonds would be billed
off roll to the developer as principal and interest came due on the bonds. He explained how the debt
service for these bonds were affected by developer prepayment. He indicated the general fund covered
the administration and operation of the District. He noted the general fund budget was exactly the
same as Fiscal Year 2021 with the same assessment rates. He noted lake restoration was included in this
budget.
Discussion ensued regarding the lake restoration portion of the budget.
Mr. Ward asked if there were any questions; hearing none, he called for a motion.
On MOTION made by Mr. Brian Keller, seconded by Mr. Ryan Futch,
and with all in favor, Resolution 2021-8 was adopted, and the Chair
was authorized to sign.
Mr. Ward stated at least three Board Members were required to attend the public hearing meeting on
June 9, 2021 in person. He explained the advertisement for the public hearing was expensive and the
date could not be changed.
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Currents Community Development District April 28, 2021
Discussion ensued regarding the location of the public hearing. Mr. Ward noted he advertised the
meeting with a link and instructions to connect to the meeting via audio or video.
FIFTH ORDER OF BUSINESS Consideration of Agreement
Consideration of an Agreement between the Currents Community Development District and Calvin,
Giordano&Associates for Field Maintenance operations within the District
Mr. Ward: This is the form that I typically use to handle operations and maintenance activities here in
Collier County. They have done work for me in a number of Districts. Greg has a couple of comments on
the agreement which we will incorporate into it.
Mr. Urbancic: I just wanted to beef up the public records and add an eVerify section which are
requirements we need to have in there. I think we just pull the form we had used prior to some of those
enactments and make sure we get those dropped in. I don't think it will be an issue for Calvin, Giordano.
State of Florida requires companies in the state of Florida to use eVerify and it requires public agencies to
make sure its contractors are using eVerify.
Mr. Ward asked if there were any questions; hearing none, he called for a motion.
On MOTION made by Mr. Charles Cook, seconded by Mr. Brian Keller,
and with all in favor,the Agreement between the Currents Community
Development District and Calvin, Giordano & Associates for Field
Maintenance operations within the District was approved.
SIXTH ORDER OF BUSINESS Consideration of Minutes
February 10,2021 Regular Meeting
Mr. Ward asked if there were any corrections, additions, or deletions for the Regular Meeting Minutes;
hearing none, he called for a motion to approve the Minutes.
On MOTION made by Mr. Brian Keller, seconded by Mr. Ryan Futch, I
and with all in favor, the February 10, 2021 Regular Meeting Minutes
were approved.
SEVENTH ORDER OF BUSINESS Staff Reports
I. District Attorney
Mr. Urbancic: The Legislative Session is going. There are quite a few bills which could affect CDDs. I
will give you an update when we get there. There is one that could change the limits of sovereign
immunity, advertising, and things like that. Most of them are still in Committee and maybe in June I
will have a better feel and will give you an update on what has actually passed.
II. District Engineer
No report.
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III. District Manager
a) Financial Statements for period ending January 31,2021(unaudited)
b) Financial Statements for period ending February 28, 2021(unaudited)
c) Financial Statements for period ending March 31,2021(unaudited)
Mr. Ward discussed the number of qualified electorfs residing in the District. He explained this
number became significant when the District hit two thresholds: 1) When 250 qualified electors
were residing within the District and 2) When the District reached 6 six years from the date of
establishment. He stated once these two thresholds were met the District began to transition
from a landowner election Board to a qualified elector Board. He noted a qualified elector was an
individual who lived in the State of Florida within the District and was registered to vote in Collier
County. He stated as of April 15, 2021 there were four registered voters residing within the
District.
Mr. Urbancic: At the next landowner election we do have to make an effort to get some resident
on the Board. He explained this was required by Collier County Ordinance. He noted this would
be challenging, but the Board needed to keep this in mind moving forward. He suggested sending
a notice to the registered voters within the District asking if any were interested in serving on the
Board prior to the next election.
Mr.Ward indicated the next election for this Board was November 2022.
TWELFTH ORDER OF BUSINESS Supervisor's Requests and Audience Comments
Mr. Ward asked if there were any Supervisor's requests; there were none. He asked if there were any
audience members present with questions or comments;there were none.
THIRTEENTH ORDER OF BUSINESS Adjournment
Mr.Ward adjourned the Meeting at approximately 2:53 p.nh.
On MOTION made by Mr. Charles Cook, seconded by Mr. Brian Keller,
and with all in favor,the meeting was adjourned.
Currents Comm y Dev, pment District
James .Ward,Secretary Cherie o k,Ch ' person