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06/09/2021 Minutes 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,June 9, 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 Ricky DeCamps Vice Chairperson Brian Keller Assistant Secretary Rob D. Summers Assistant Secretary Ryan Futch 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 2:30 p.m. He conducted roll call; all Members of the Board were present constituting a quorum. 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 appoint an individual to fill Seat 5. The Board appointed Mr. Ricky DeCamps. 11Pa ; e 14 / 1 Currents Community Development District June 9, 2021 On MOTION made by Mr. Charles Cook, seconded by Mr. Brian Keller, I and with all in favor, Mr. Ricky DeCamps was appointed to fill Seat 5 with a term ending November 2021. Mr. Ward ensured Mr. Ricky DeCamps was qualified to serve on the Board. As a notary public, he administered the Oath of Office to Mr. DeCamps. He asked Mr. DeCamps to sign the Oath of Office and return the signed Oath to himself for notarization and to be made part of the public record. He discussed the Form 1—Statement of Financial Interests and noted Mr. DeCamps should call himself(Mr. Ward)with any questions regarding Form 1. He encouraged Mr. DeCamps not to forget to file Form 1 or risk incurring fees for late filing. Mr. Greg Urbancic indicated Mr. DeCamps was now a Public Official and as such was subject to the Sunshine Law and Code of Ethics; he reviewed the Code of Ethics, the Sunshine Law, and public record requirements. THIRD ORDER OF BUSINESS Consideration of Resolution 2021-9 Consideration of Resolution 2021-9, Re-Designation of the Officers of the District Mr. Ward stated currently, Charles Cook served as Chairperson, Ryan Futch served as Vice Chairperson; the remaining Board Members served as Assistant Secretaries while he served as Secretary and Treasurer. He explained with the addition of a new Board Member the Board had the ability to re- designate the officers of the Board. He asked the Board how it wished to proceed. The Board chose to appoint Charles Cook as Chairperson, Ricky DeCamps as Vice Chairperson, Rob Summers, and Brian Keller as Assistant Secretaries, with Mr. Ward as Secretary and Treasurer. Mr. Ryan Futch planned to resign;therefore, was not included in the Resolution. On MOTION made by Mr. Charles Cook, seconded by Mr. Rob Summers, and with all in favor, Resolution 2021-9 was adopted, and the Chair was authorized to sign. FOURTH ORDER OF BUSINESS Consideration of Minutes April 28,2021, 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. Rob Summers, and with all in favor, the April 28, 2021, Regular Meeting Minutes were approved. FIFTH ORDER OF BUSINESS PUBLIC HEARINGS Mr.Ward explained the public hearing process including public comment, Board discussion and vote. a. PUBLIC HEARING—FISCAL YEAR 2022 BUDGET I. Public Comment and Testimony 2IPage Currents Community Development District June 9, 2021 t611 Mr. Ward called for a motion to open the Public Hearing. On MOTION made by Mr. Charles Cook, seconded by Mr. Rob Summers,and with all in favor,the Public Hearing was opened. Mr. Ward asked if there were any public comments or questions with respect to the Fiscal Year 2022 Budget; hearing none, he called for a motion to close the public hearing. He noted there were no members of the public present in person. On MOTION made by Mr. Brian Keller, seconded by Mr. Charles Cook, and with all in favor,the Public Hearing was closed. II. Board Comment Mr. Ward asked if there were any Board comments or questions;there were none. Mr. Charles Cook asked about the Fiscal Year 2021 Budget versus actual budget. He noted he wished to compare the two in order to better understand the Fiscal Year 2022 Budget. Discussion ensued regarding comparing budgets and actuals. Mr. Ward: We are in fiscal year 2021. In the current year, in the document you have in front of you, we have the 2021 budget. Actuals, when I did this budget, which was January 31, the projection through year end in here, and then the budget for 2022, if you compared those, they are relatively consistent. Our Budget for 2021 is $171,000 dollars. Our anticipated actual on September 30, 2021, is $148,000 dollars, and we have a budget of$171,000 dollars, the same number,for 2022. This keeps consistent assessment rates from 2021 to 2022. Fiscal year 2020 was when we issued our first series of bonds, so 2020 to 2021 is always going to be different, but only because of the bond issue costs that are coming into play. Mr. Charles Cook: So, do we need to vote on that today or can I take a look at the numbers, both the $40,000 dollar delta between budget versus actual, and then more specifically what was in the expenditures of this current budget year? Can I have time to look at that before we take it up here? Mr. Ward: No, not unless you continue your public hearing today until another date. Mr. Charles Cook: Can we do that? Mr. Ward: You could do that. Discussion ensued regarding continuing the public hearing. Mr. Ward: I can tell you exactly what the difference is. The difference is $8,000 dollars of it is going to be Trustee Services that don't come into play until next year. That's $8,000 of the $10,000 dollars right there. 3IPage t6t 1 Currents Community Development District June 9, 2021 Mr. Cook: We have a surplus every year. We assessed and essentially as the developer paid that majority, I'm not sure how many residents we have, but what happens with that$40,000 dollar surplus? Mr. Ward: It rolls into the current year. Mr. Cook:But we don't adjust the budget for that, so in fact there's like$210,000 dollars in there now. Mr. Ward: We don't because you have to remember, the assessments don't go on the roll until November, so you don't get money until usually the week between Christmas and New Years at the earliest. You have got to float your District for October, November, and December. For this particular project, as you know, you sometimes do not pay your tax bills until the following calendar year, so we are floating the District October, November, December, January and February for this particular District for sure and what little is there, is not really covering it. That's how that works. Mr. Cook: If we can table, and then we can recircle. Mr. Ward: We have to pick a specific date. Discussion ensued regarding a date for the public hearing and needing three Board Members to be present for the public hearing. It was decided to table/continue the Meeting and both Public Hearings until June 23, 2021, at 3:30 p.m. On MOTION made by Mr. Brian Keller, seconded by Mr. Charles Cook, and with all in favor, the Public Hearings related to the Fiscal Year 2022 Budget, the imposition of special assessments, and the adoption of the assessment roll and methodology were continued, along with the remainder of the Meeting, until June 23, 2021, at 3:30 p.m. at the Offices Coleman, Yovanovich and Koester, 4001 Tamiami Trail North, Suite 300, Naples, Florida 34103. The Meeting was continued/adjourned until June 23, 2021, at 3:30 p.m. at the Offices Coleman, Yovanovich and Koester,4001 Tamiami Trail North,Suite 300, Naples, Florida 34103. Ill. Consideration of Resolution 2021-10 adopting the annual appropriation and Budget for Fiscal Year 2022 b. FISCAL YEAR 2022 IMPOSING SPECIAL ASSESSMENTS; ADOPTING AN ASSESSMENT ROLL AND APPROVING THE GENERAL FUND SPECIAL ASSESSMENT METHODOLOGY I. Public Comment and Testimony II. Board Comment III. Consideration of Resolution 2021-7 imposing special assessments, adopting an assessment roll,and approving the general fund special assessment methodology Wage 16 Currents Community Development District June 9,2021 SIXTH ORDER OF BUSINESS Consideration of Resolution 2021-8 Consideration of Resolution 2021-8 designating dates, time, and location for regular meeting of the Board of Supervisor's for Fiscal Year 2022 SEVENTH ORDER OF BUSINESS Staff Reports I. District Attorney II. District Engineer III. District Manager a) Financial Statements for period ending April 30,2021(unaudited) b) Financial Statements for period ending May 31,2021kunaudited) , EIGHTH ORDER OF BUSINESS Supervisor' Requests and Audience Comments NINTH ORDER OF BUSINESS Adjourn me it Currents Co mu . Develo ent District sO‘GE(Vadi Ja s P.Ward,Secretary Charle ooic,Chair erson