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09/05/2024 Agenda Heritage Bay Community Development District 1 6 I 1 A 2 Board of Supervisors District Staff ❑ Edwin Hubbard, Chairperson oJustin Faircloth, District Manager ❑ F. Jack Arcurie, Vice Chairperson ❑ Gregory Urbancic, District Counsel ❑ Vacant,Assistant Secretary o Jeffrey Satfield, District Engineer ❑ Steven Bachenberg, Assistant Secretary ❑ Allen Soucie, Assistant Secretary Regular Meeting & Budget Public Hearing Revised Agenda Thursday, September 5, 2024—9:00 a.m. 1. Call to Order/Roll Call 2. Approval of Agenda 3. Public Comments on Agenda Items 4. Public Hearings to Adopt Fiscal Year 2025 Budget A. Fiscal Year 2025 Budget Discussion B. Consideration of Resolution 2024-04, Adopting Fiscal Year 2025 Budget C. Consideration of Resolution 2024-05, Levying Assessments for Fiscal Year 2025 5. Engineer's Report A. September Water Quality Monitoring Review— September 3 & 4 B. Engineer's Observations i. High Water Levels & Functioning of Control Structures L3000CO2 & L3000CO3 ii. Bonita Bay Retention Pond & Overflow Into Heritage Bay Area iii. Smokehouse Bay Street Flooding and Performance of Lakes 28 & 29 C. SFWMD Monitoring of Cocohatchee Canal Water Flow& Canal Depth 6. SOLitude Lake Management A. Monthly Inspections & Service Reports B. Proposal for Removal of All Willows, Plants & Grasses in the Littoral Shelf at NW Corner of Lake 4 C. Club Plans for Control of Fluff Elevation on a Regular Basis 7. Legal Update A. Update on Potential to Challenge FEMA Ruling Precluding Return of Funds from Hurricane Irma 8. Old Business A. Joint CDD & Club Projects for Summer 2024 i. Lake 1 —North Bank ii. Rebuild of CS-102 Retention Area B. Adherence to HB 7013 —Special Districts' Performance Measures & Standards District Office: Meeting Location: Inframark,Community Management Services Heritage Bay Clubhouse 210 North University Drive, Suite 702 10154 Heritage Bay Boulevard Coral Springs, Florida 33071 Naples,Florida 34120 (954)603-0033 (239)353-7056 www.heritagebavcdd.com Heritage Bay CDD 1 61 t A 2 September 5, 2024 Revised Agenda Page 2 9. New Business 10. Manager's Report A. Approval of the Minutes of the August 1, 2024 Meeting B. Acceptance of Financial Reports as of July 31, 2024 i. Project Management Tracking Summary C. Field Manager& Supervisors' Quarterly Report—November Next Planned Review D. Lake Management Assessment—Projects Tracking Sheet i. Potential Projects for Consideration—Summer 2025 E. Review & Discussion of Action Items on District Manager's August 1, 2024 "Open Items" Report F. Discussion of August 12, 2024 Public Records Request 11. Supervisor Comments 12. Chairperson Comments 13. Audience Comments 14. Adjournment The next CDD Meeting is scheduled to be held Thursday, November 7, 2024 at 9:00 a.m. District Office: Meeting Location: Inframark,Community Management Services Heritage Bay Clubhouse 210 North University Drive,Suite 702 10154 Heritage Bay Boulevard Coral Springs,Florida 33071 Naples,Florida 34120 (954)603-0033 (239)353-7056 www.heritagebaycdd.com ap1tNaples Baitg Ne1116 1 6 I 1 A ? PART OFTFIE USATODAY NETWORK Published Daily Naples, FL 34110 HERITAGE BAY COMMUNI TY 210 N UNIVERSITY DR#702 CORAL SPRINGS, FL 33071-7320 NOTICE OF REGULAR MEETING SCHEDULE HERITAGE BAY COMMUNITY DEVELOPMENT DISTRICT Affidavit of Publication The Board of Supervisors of the Heritage Bay Community Devel- opment District will hold their regular meetings for Fiscal Year STATE OF WISCONSIN 2023/2024 in the Heritage Bay Clubhouse, 10154 Heritage Bay Boulevard,Naples Florida,at 9:00 a.m.as follows: COUNTY OF BROWN October 5,2023 November 2,2023(Regular Meeting and Before the undersigned authority personally appeared,who Audit Committee) on oath says that he or she is the Legal Coordinator of the December 2,2423 Jenuery 4,2024 Naples Daily News,published in Collier County, Florida; February 1,2024 that the attached copy of advertisement, bein a Public March 7 2024 g April 4,2024 Notices, was published on the publicly accessible website May 2,2024 of Collier and Lee Counties, Florida,or in a newspaper June 6,2024-Tentative Budget Adoption by July 11,2024(Second Thursday) print in the issues of,on: August 1,2024 September 5,2024-Budget Public Hearing The meetings are open to the public and will be conducted in Issue(s)dated:09/21/2023 accordance with the provision of Florida law for community de- velopment districts. There may be occasions when one or more Supervisors will par- Affiant further sa s that the website or newspaper complies ticipate by telephone. Any meeting may be continued in prog- yress to a time, date, and location stated on the record without with all legal requirements for publication in chapter 50, additional publication of notice. Florida Statutes. A copy of the agenda for these meetings maybe obtained from the District Manager's Office, 210 N.University Drive,Suite 702, Coral Springs, FL 33071, (954) 603 0033, or by visiting the Dis- trict's website at https//www.heritagebaycdd.com. Additional- ly, interested parties may refer to the District's website for the latest District information. Pursuant to provisions of the Americans with Disabilities Act, Subscribed and sworn to before me, by the legal clerk,who is personally Known to me, on September21, 2023: anyae person requiring.iiltyoral hys physical impairment at shout contact Y P Ys pairment should contact the District Manager's Office at least forty-eight (48)hours prior to the meeting. 1t 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 Notary,State of WI, County of Brown meetings Is advised that person will need a record of the pro. ceedings and that accordily, the person may need to ensure that a verbatim record of the proceedings is made, including o19 the testimony and evidence upon which such appeal is to be based. Justin Faircloth My commission expires District Manager Sept 21,2023 #5827104 VICKY FELTY Notary Public State of Wisconsin Publication Cost: $371.00 Ad No:0005827104 Customer No: 1305454 PO#: Meeting Schedule #of Affidavits 1 This is not an invoice 1611A2 * LocaliQ Florida PO Box 631244 Cincinnati,OH 45263-1244 GANNETT AFFIDAVIT OF PUBLICATION Heritage Bay Community 210 N University DR#702 Coral Springs FL 33071-7320 STATE OF WISCONSIN,COUNTY OF BROWN Before the undersigned authority personally appeared,who on oath says that he or she is the Legal Advertising Representative of the Naples Daily News,a newspaper published in Collier County,Florida;that the attached copy of advertisement, being a Legal Ad in the matter of Classified Legal CLEGL,was published on the publicly accessible website of Collier and Lee Counties, Florida,or in a newspaper by print in the issues of,on: 08/13/2024 Affiant further says that the website or newspaper complies with all legal requirements for publication in chapter 50, Florida Statutes. Subscribed and sworn to before me, by the legal clerk,who is personally known to me,on 08/13/2024 Legal ' r Notary,State o' I County rows 5.is.a-7 My commission expires Publication Cost: $2118.80 Tax Amount: $0.00 Payment Cost: $2118.80 Order No: 10466793 #of Copies: Customer No: 1125525 0 PO#: THIS IS NOT AN INVOICE! Please do not use this form for payment remittance NANCY H YRMAN Notary Page 1 of 2 State of Wisconsin wlw Of Fuac.Wp16100/1A01000PM0aM1MII1110lM41110 111101•R1KaP01R0M0.010001-011f•1P1011011 a01$6811M me rimeamelellukullmillinkraomsarrAsourrgl 141.7011001.00031.0011110.01111 41U.Cpldta M YfE 00011011aa11(r1M 0010aM11100prEEM 1600041*Wows,,ma'aeer0•)al Ho Maw Say(219.1110614, nenlUi11'c1 Ito'OWM'I Will hold Iva nut's mr.l9mt1yW .1. ,*WA `..2024 a900 aln.al Oa lbnla3o 1s0•IWtilo:alnl=910151 h•a..Bay Oou'avard.Naples.hien 18 km*and r•411rY[6.1.4oeyWfewtirGYM 1%ROW R.W4erNam•.t umbel 4ti.1....•IMO110'ep*kr1 i 6 ' 1 !1 2 NO.P011F1WlMP1940F44. 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OR fUKIC N! RtNO M CONSIDER tNE IMPOSITION 1* M,ER,e grAT Heritage Bay Community ASS SMMtESN�Nt4 tICM OF ANTIS.SS YESSM[NTO NIL�ANO Heritage Bay Community MAW..., 210 N University DR#702 AND NOTICE OP 111ONurR WARD OP SOPERVISORS O.TM lima Coral Springs FL 33071-7320 ultTM ING. a "". Cam eo DM-Roll a a" Derien ea. me ode OvMemend O.Mrk1 IMa 01strk11 Mt Oda too tit e.W< Mat Mee aaa a 1011.11.1.a Does. ear, Semen*M I. MI).at ew Mew DOOOM Wl IaItamK Nee tali STATE OF WISCONSIN,COUNTY OF BROWN Mr eeaN+aa. N.E+... Pedal, DIM mooave•a TT ea1.11e tent*.”.. to motive outer nan.eea MO abe motiveoluat an a+Theca ever Seta Before the undersigned authority personally appeared,who a;,r, a;"'d;: trend rat.1..Madder me immoral, .1 reemd .0*ot mePtat T.luxe w. on oath says that he or she is the Legal Advertising Me IIM..�O....1lend. aae re to t SI leer.COMMA.al .14 Representative of the Naples Daily News,a newspapernd ammetnarasMk 0. w icnee.kp 1r,111 ,e telormes published in Collier County,Florida;that the attached copy %mow• Ib norm, Shut.. A.0011.a m.Deem Will eta M late wren Me now/ of advertisement, being a Legal Ad in the matter of Govt 61.1° .111.0 ...re. Ill„ ...me 0$1. N. tt A a M.PraonM Moot Melee. erila.MM1 assessment a tea maw Public Notices,was published on the publicly accessible MPod I. M to ONNKI NMwaae tor In U rl.,. 01Mo et website of Collier and Lee Counties, Florida,or in a r Comp e,;w oo p;, newspaper by print in the issues of,on: *�""ra'a".W*'^ 1""` av et ne..MO etaa111 PM MOF tor's 1 11de 4 In*4 F onde Slet,ae a tee.ree.•.a a.a«t MO 0e .a•Iea on Me DNrkr1 mauler 08/19/2024 n s 44O(1)KIM Made o a Matt W p/aa.l talMe no a.Y at tot Wale re min moo nd eon rnemeote to 1N Milk and eon b uMae.N4 M K.C,.aK*NTT aN wtrv11WN a F"rps lee, Ill Affiant further says that the website or newspaper compliesleo K neomm Mel ter;; G./H,aMMpa"a a.w,aae. with all legal requirements for publication in chapter 50 aMe s dam at I. 09 *1 aA a» I and at le Mee. 1reet m . mot.. Moo nr0Y M lent Florida Statutes. 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Publication Cost: $417.52 Tax Amount: $0.00 Payment Cost: $417.52 Order No: 10436091 #of Copies: Customer No: 1125525 1 PO#: 2025 Budget THIS IS NOT AN INVOICE! Please do not use this form for payment remittance NA C HEYRMAN pagelof 1 Notary Public State of Wisconsin 1 6I 1A 2 HERITAGE BAY Community Development District Annual Operating and Debt service Budget Fiscal Year 2025 Approved Tentative Budget vi Prepared by: 6INFRAMARK i`.,... y7kvliviti MANA(4CMLST :i41A41(.i`s HERITAGE BAY 1 6 I 1 A 2 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 Non-Ad Valorem Assessment Summary 11 1 6I 1A 2 HERITAGE BAY Community Development District Operating Budget Fiscal Year 2025 1 6 1 1 A 2 HERITAGE BAY Community Development District General Fund Summary of Revenues, Expenditures and Changes in Fund Balances Fiscal Year 2025 Budget ADOPTED ACTUAL PROJECTED TOTAL ANNUAL ACTUAL ACTUAL BUDGET THRU August- PROJECTED BUDGET ACCOUNT DESCRIPTION FY 2022 FY 2023 FY 2024 7/31/2024 9/30/2024 FY 2024 FY 2025 REVENUES Interest-Investments $ 3,228 $ 46,371 $ 51,001 $ 65,412 $ 7,500 $ 72,912 $ 46,863 Interest-Tax Collector 148 1,360 - 2,399 450 2,849 - Special Assmnts-Tax Collector 355,190 355,189 505,604 505,604 - 505,604 553,754 - - Special Assmnts-Lakes 30A&30B 60,923 60,923 - - - Special Assmnts-Reserves 31,250 31,250 31,250 31,250 - 31,250 31,250 Special Assmnts-Discounts (16,667) (16,073) (21,474) (19,640) - (19,640) (23,400) Other Miscellaneous Revenue 111,125 29,750 - 32,023 - 32,023 - TOTAL REVENUES 545,197 508,770 566,382 617,048 7,950 624,998 608,466 EXPENDITURES Administrative P/R-Board of Supervisors 7,000 5,000 9,000 4,400 4,600 9,000 9,181 FICA Taxes 536 383 689 337 352 689 689 ProfServ-Arbitrage Rebate - 600 - 600 600 600 ProfServ-Dissemination Agent 1,500 1,500 1,500 875 625 1,500 1,500 ProfServ-Engineering 21,635 4,692 12,000 2,527 9,473 12,000 12,000 ProfServ-Legal Services 18,078 5,008 11,500 2,718 8,782 11,500 11,500 ProfServ-Mgmt Consulting Sery 49,613 50,561 52,078 43,398 8,680 52,078 53,640 ProfServ-Property Appraiser 29 4,591 8,053 8,271 - 8,271 8,053 ProfServ-Special Assessment 7,002 7,212 7,428 7,212 216 7,428 7,651 ProfServ-Trustee Fees 6,468 4,880 8,468 2,846 5,622 8,468 8,468 ProfServ-Web Site Maintenance 1,167 1,202 1,238 1,035 203 1,238 1,275 Auditing Services 4,900 5,000 5,000 4,200 800 5,000 5,000 Website Compliance 1,553 1,553 1,553 1,164 389 1,553 1,553 Postage and Freight 815 450 1,000 1,836 - 1,836 1,000 Insurance-General Liability 7,749 7,849 9,419 8,936 483 9,419 9,419 Printing and Binding 1,754 2,335 1,800 1,766 34 1,800 1,800 Legal Advertising 1,351 4,610 2,000 688 1,312 2,000 2,000 Misc-Bank Charges 88 31 100 - 100 100 100 Misc-Assessmnt Collection Cost 5,395 3,963 10,737 10,344 393 10,737 11,700 Misc-Web Hosting 103 2,499 1,500 - 1,500 1,500 1,500 Office Supplies 450 - 100 60 40 100 100 Annual District Filing Fee 175 175 175 175 - 175 175 Total Administrative 137,361 113,494 145,938 102,788 44,204 146,992 148,904 Field ProfServ-Field Management 13,968 14,019 14,440 1,203 13,237 14,440 4,958 R&M-Contingency - - 100 - 100 100 100 Total Field 13,968 14,019 14,540 1,203 13,337 14,540 5,058 Annual Operating and Debt Service Budget Fiscal Year 2025 1 HERITAGE BAY 1 6 I 1 A 2 Community Development District General Fund Summary of Revenues, Expenditures and Changes in Fund Balances Fiscal Year 2025 Budget ADOPTED ACTUAL PROJECTED TOTAL ANNUAL ACTUAL ACTUAL BUDGET THRU August- PROJECTED BUDGET ACCOUNT DESCRIPTION FY 2022 FY 2023 FY 2024 7/31/2024 9/30/2024 FY 2024 FY 2025 Lakes and Ponds Contracts-Lakes and Wetland - 97,200 71,200 56,000 15,200 71,200 71,200 Contracts-Water Analysis - 9,861 9,861 9,861 9,861 Contracts-Water Quality Monitoring 25,380 24,509 20,905 12,843 8,062 20,905 20,905 Contracts-Lakes 30A&30B 24,000 24,000 24,000 20,000 4,000 24,000 24,000 Contracts-Sediment Testing - - 5,483 - 5,483 5,483 5,483 Contracts-Lakes 1-29 67,200 - - - - R&M-Aquascaping 2,470 3,766 4,175 - 4,175 4,175 4,175 R&M-Stormwater System - - 4,000 - 4,000 4,000 4,000 R&M-Lake Erosion 199,495 135,158 100,000 97,356 2,644 100,000 131,250 R&M-Contingency 57,180 5,000 7,825 - 7,825 7,825 8,175 Reserve-Lakes 109,400 - 140,000 - 140,000 140,000 157,000 Reserve-Stormwater System - - 18,455 - 18,455 18,455 18,455 Total Lakes and Ponds 485,125 289,633 405,904 186,199 219,705 405,904 454,504 TOTAL EXPENDITURES 636,454 417,146 566,382 290,190 277,246 567,436 608,466 Excess(deficiency)of revenues Over(under)expenditures (91,257) 91,624 - 326,858 (269,296) 57,562 - Net change in fund balance (91,257) 91,624 - 326,858 (269,296) 57,562 FUND BALANCE, BEGINNING 681,769 $ 590,512 855,190 855,190 - 855,190 912,752 FUND BALANCE, ENDING $ 590,512 $ 682,139 $ 855,190 $ 1,182,048 $ (269,296) $ 912,752 $ 912,752 Annual Operating and Debt Service Budget Fiscal Year 2025 2 1 611A2 HERITAGE BAY Community Development District General Fund Exhibit"A" Allocation of Fund Balances AVAILABLE FUNDS Amount Beginning Fund Balance-Fiscal Year 2025 $ 912,752 Net Change in Fund Balance-Fiscal Year 2025 - Reserves-Fiscal Year 2025 Additions 175,455 Total Funds Available(Estimated)-9/30/2025 1,088,207 ALLOCATION OF AVAILABLE FUNDS Assigned Fund Balance Operating Reserve-First Quarter Operating Capital 108,253 (1) Reserves-Erosion Control(Prior years) 14,687 (2) Reserves-Lakes(Prior Years) 190,475 (2) Reserves-Lakes FY 2024 140,000 Reserves-Lakes FY 2025 157,000 487,475 Reserves-Stormwater System(Prior Years) 58,675 (2) Reserves-Stormwater System FY 2024 18,455 Reserves-Stormwater System FY 2025 18,455 95,585 Total Allocation of Available Funds 706,000 Total Unassigned(undesignated)Cash $ 382,207 Notes (1)Represents approximately 3 months of operating expenditures. (2)Ties to motion to assign fund balance as of 9/30/2023. Annual Operating and Debt Service Budget 3 Fiscal Year 2025 HERITAGE BAY 1 6 { 1 A 2 Community Development District General Fund Budget Narrative Fiscal Year 2025 IREVENUES 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-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. FICA Taxes are calculated at 7.65%of gross payroll. 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-Dissemination Agent This line item is to cover dissemination services as required. Services are provided by Inframark. 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-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. Annual Operating and Debt Service Budget Fiscal Year 2025 4 b11hZ HERITAGE BAY Community Development District General Fund Budget Narrative Fiscal Year 2025 EXPENDITURES Administrative(continued) 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. 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-Trustee Fees 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. 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. Website Compliance Inframark Infrastructure Management Services oversees the District's email accounts and provides assistance to Campus Suite regarding the website as necessary. 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. Annual Operating and Debt Service Budget Fiscal Year 2025 5 HERITAGE BAY Community Development District 1 611 A General Fund Budget Narrative Fiscal Year 2025 I EXPENDITURES (continued) Administrative (continued) 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. 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. Field 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. 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-Water Analysis A contract was negotiated with CPH for bathymetric to be performed on Lakes. Contracts-Water Quality A contract was negotiated with CPH for testing of the lakes and water quality monitoring. Annual Operating and Debt Service Budget Fiscal Year 2025 6 � 611A2 HERITAGE BAY Community Development District General Fund Budget Narrative Fiscal Year 2025 EXPENDITURES(continued) Lakes & Ponds (continued) Contracts-Lakes and Wetland A contract was negotiated with Solitude Lake Management LLC for monthly lake maintenance of the district's lakes and littoral shelf maintenance which includes approximately 14.52 acres. Fluoridone Treatment was added May 2015. Contracts-Lakes 30A & 30B A contract was negotiated with Solitude Lake Management LLC for monthly maintenance of lakes 30A&30B. Contracts-Sediment Testing Contract with CPH to do sediment testing in the district lakes. R&M-Aquascapinq This is for any repair and maintenance expenses pertaining to the District's lakes that are not covered in the contract. R&M-Stormwater System This is for any repair and maintenance expenses pertaining to the stormwater system. R&M-Lake Erosion This is for any repair and maintenance expenses pertaining to erosion control that are not covered in the contract. R&M-Contingency All other lake expenses that do not fall into the previous repair and maintenance categories 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 2025 7 1611A7 HERITAGE BAY Community Development District Debt Service Budget Fiscal Year 2025 HERITAGE BAY Community Development District Debt St„6I 1 A 2 Summary of Revenues, Expenditures and Changes in Fund Balances Fiscal Year 2025 Budget ADOPTED ACTUAL PROJECTED TOTAL ANNUAL ACTUAL ACTUAL BUDGET THRU August- PROJECTED BUDGET ACCOUNT DESCRIPTION FY 2022 FY 2023 FY 2024 Jul-24 9/30/2024 FY 2024 FY 2025 REVENUES Interest-Investments $ 3,016 $ 47,860 $ 1,000 $ 54,696 $ 10,939 $ 65,635 $ - Special Assmnts-Tax Collector 1,689,156 1,689,155 1,689,155 1,689,155 - 1,689,155 1,689,155 Special Assmnts-Discounts (62,932) (60,692) (67,566) (61,795) - (61,795) (67,566) TOTAL REVENUES 1,629,240 1,676,323 1,622,589 1,682,056 10,939 1,692,995 1,621,589 EXPENDITURES Administrative ProfServ-Property Appraiser - - 25,337 - - - 25,337 Misc-Assessmnt Collection Cost 20,372 14,965 33,783 32,209 - 32,209 33,783 Total Administrative 20,372 14,965 59,120 32,209 - 32,209 59,120 Debt Service Principal Debt Retirement 1,055,000 1,085,000 1,115,000 - - - 1,140,000 Principal Prepayments 10,000 15,000 - 10,000 - 10,000 - Interest Expense 511,356 484,706 456,150 227,934 - 227,934 426,444 Total Debt Service 1,576,356 1,584,706 1,571,150 237,934 - 237,934 1,566,444 TOTAL EXPENDITURES 1,596,728 1,599,671 1,630,270 270,143 - 270,143 1,625,564 Excess(deficiency)of revenues Over(under)expenditures 32,512 76,652 (7,681) 1,411,913 10,939 1,422,852 (3,975) OTHER FINANCING SOURCES(USES) Contribution to(Use of)Fund Balance - - (7,681) - - - (3,975) TOTAL OTHER SOURCES(USES) - - (7,681) - - - (3,975) Net change in fund balance 32,512 76,652 (7,681) 1,411,913 10,939 1,422,852 (3,975) FUND BALANCE,BEGINNING 925,093 957,604 1,034,256 1,034,256 - 1,034,256 2,457,108 FUND BALANCE,ENDING $ 957,605 $ 1,034,256 $ 1,026,575 $ 2,446,169 $ 10,939 $ 2,457,108 $ 2,453,132 Annual Operating and Debt Service Budget 8 Fiscal Year 2025 HERITAGE BAY i 6 I 1 A 2 Community Development District General Fund Heritage Bay Community Development District Capital Improvement Revenue Refunding Bonds,Series 2018A Debt Service Schedule(After 05/01/2023 Payment Date) Date Outstanding Par Principal Rate Interest Total 11/1/2024 $ 13,535,000 2.63% $ 213,222 $ 213,221.88 5/1/2025 $ 13,535,000 $ 1,140,000 $ 213,222 $ 1,353,221.88 11/1/2025 $ 12,395,000 2.75% $ 197,547 $ 197,546.88 5/1/2026 $ 12,395,000 $ 1,175,000 $ 197,547 $ 1,372,546.88 11/1/2026 $ 11,220,000 3.00% $ 179,922 $ 179,921.88 5/1/2027 $ 11,220,000 $ 1,210,000 $ 179,922 $ 1,389,921.88 11/1/2027 $ 10,010,000 3.00% $ 161,772 $ 161,771.88 5/1/2028 $ 10,010,000 $ 1,245,000 $ 161,772 $ 1,406,771.88 11/1/2028 $ 8,765,000 3.00% $ 143,097 $ 143,096.88 5/1/2029 $ 8,765,000 $ 1,285,000 $ 143,097 $ 1,428,096.88 11/1/2029 $ 7,480,000 3.00% $ 123,822 $ 123,821.88 5/1/2030 $ 7,480,000 $ 965,000 $ 123,822 $ 1,088,821.88 11/1/2030 $ 6,515,000 3.13% $ 108,744 $ 108,743.75 5/1/2031 $ 6,515,000 $ 1,000,000 $ 108,744 $ 1,108,743.75 11/1/2031 $ 5,515,000 3.25% $ 92,494 $ 92,493.75 5/1/2032 $ 5,515,000 $ 1,030,000 $ 92,494 $ 1,122,493.75 11/1/2032 $ 4,485,000 3.25% $ 75,756 $ 75,756.25 5/1/2033 $ 4,485,000 $ 1,065,000 $ 75,756 $ 1,140,756.25 11/1/2033 $ 3,420,000 3.25% $ 58,450 $ 58,450.00 5/1/2034 $ 3,420,000 $ 1,100,000 $ 58,450 $ 1,158,450.00 11/1/2034 $ 2,320,000 3.38% $ 39,888 $ 39,887.50 5/1/2035 $ 2,320,000 $ 1,140,000 $ 39,888 $ 1,179,887.50 11/1/2035 $ 1,180,000 3.38% $ 20,650 $ 20,650.00 5/1/2036 $ 1,180,000 $ 1,180,000 $ 20,650 $ 1,200,650.00 $ 13,535,000 $ 2,830,725 $ 16,365,725 Annual Operating and Debt Service Budget Fiscal Year 2025 9 HERITAGE BAY 1 6 I 1 A 2 Community Development District Debt Service Fund Budget Narrative Fiscal Year 2025 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-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. 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 2025 10 1 6 ! 1A 2 HERITAGE BAY Community Development District Supporting Budget Schedules Fiscal Year 2025 HERITAGE BAY 1 6 I 1 A 2 Community Development District All Funds Comparison of Assessment Rates Fiscal Year 2025 vs.Fiscal Year 2024 General Fund Series 2018 Debt Service Total Assessments per Unit Units FY 2025 FY 2024 Percent FY 2025 FY 2024 Percent FY 2025 FY 2024 Dollar Percent Product Change Change Change Change Executive $468.00 $429.48 8.97% $1,928.85 $1,928.85 0% 1 $2,396.85 $2,358.33 $38.52 2% 139 Classics $468.00 $429.48 8.97% $3,050.09 $3,050.09 0% $3,518.09 $3,479.57 $38.52 1% 95 Classics II $468.00 $429.48 8.97% $3,294.57 $3,294.57 0% $3,762.57 $3,724.05 $38.52 1% 18 Coach $468.00 $429.48 8.97% $1,361.54 $1,361.54 0% $1,829.54 $1,791.02 $38.52 2% 184 2 Story $468.00 $429.48 8.97% $1,134.62 $1,134.62 0% i $1,602.62 $1,564.10 $38.52 2% 364 4 Story $468.00 $429.48 8.97% $907.69 $907.69 0% 4 $1,375.70 $1,337.18 $38.52 3% 450 1250 ASSESSMENT TREND ANALYSIS-GENERAL FUND FY2025 FY2024 FY2023 FY2022 FY2021 $468.00 $429.48 $357.89 $357.89 $357.89 $468.00 $429.48 $357.89 $357.89 $357.89 $468.00 $429.48 $357.89 $357.89 $357.89 $468.00 $429.48 $357.89 $357.89 $357.89 $468.00 $429.48 $357.89 $357.89 $357.89 $468.00 $429.48 $357.89 $357.89 $357.89 Annual Operating and Debt Service Budget 11 Fiscal Year 2025 1 6 I 1 A 2 RESOLUTION 2024-04 A RESOLUTION OF THE BOARD OF SUPERVISORS OF HERITAGE BAY COMMUNITY DEVELOPMENT DISTRICT RELATING TO THE ANNUAL APPROPRIATIONS OF THE DISTRICT AND ADOPTING THE BUDGET FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2024, AND ENDING SEPTEMBER 30, 2025, AND REFERENCING THE MAINTENANCE AND BENEFIT SPECIAL ASSESSMENTS TO BE LEVIED BY THE DISTRICT FOR SAID FISCAL YEAR; AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, the District Manager has, prior to June 15, 2024, submitted to the Board of Supervisors (the "Board") a proposed budget for the next ensuing budget year along with an explanatory and complete financial plan for each fund of Heritage Bay Community Development District(the"District"), pursuant to the provisions of Section 190.008(2)(a), Florida Statutes; and WHEREAS, at least sixty (60) days prior to the adoption of the proposed annual budget and any proposed long-term financial plan or program of the District for future operations (the "Proposed Budget")the District filed a copy of the Proposed Budget with the general purpose local governing authorities having jurisdiction over the area included in the District pursuant to the provisions of Section 190.008(2)(b), Florida Statutes; and WHEREAS, the District further posted the Proposed Budget on its website as required pursuant to Section 189.016, Florida Statutes; and WHEREAS,the Board set September 5,2024,as the date for a Public Hearing thereon and caused notice of such Public Hearing to be given by publication pursuant to Section 190.008(2)(a) Florida Statutes; and WHEREAS, Section 190.008(2)(a), Florida Statutes requires that, prior to October 1 of each year, the Board by passage of the Annual Appropriation Resolution shall adopt a budget for the ensuing Fiscal Year and appropriate such sums of money as the Board deems necessary to defray all expenditures of the District during the ensuing Fiscal Year; and WHEREAS,the District Manager has prepared a Proposed Budget on a Cash Flow Budget basis, whereby the budget shall project the cash receipts and disbursements anticipated during a given time period, including reserves for contingencies for emergency or other unanticipated expenditures during the fiscal year; and WHEREAS, Section 190.021, Florida Statutes provides that the Annual Appropriation Resolution shall also fix the Maintenance Special Assessments and Benefit Special Assessments upon each piece of property within the boundaries of the District benefited, specifically and peculiarly, by the maintenance and/or capital improvement programs of the District, such levy representing the amount of District assessments necessary to provide for payment during the ensuing budget year of all properly authorized expenditures to be incurred by the District, 1 1 6 I 1 A 2 including principal and interest of special revenue, capital improvement and/or benefit assessment bonds, in order for the District to exercise its various general and special powers to implement its single and specialized infrastructure provision purpose; and WHEREAS, the Board finds and determines that the non-ad valorem special assessments it imposes and levies by this Resolution for maintenance on the parcels of property involved will constitute a mechanism by which the property owners lawfully and validly will reimburse the District for those certain special and peculiar benefits the District has determined are received by, and flow to, the parcels of property from the systems, facilities and services being provided, and that the special and peculiar benefits are apportioned in a manner that is fair and reasonable in accordance with applicable assessment methodology and related case law; and WHEREAS,the Chair of the Board may designate the District Manager or other person to certify the non-ad valorem assessment roll to the Tax Collector in and for Collier County political subdivision on compatible electronic medium tied to the property identification number no later than September 15, 2024 so that the Tax Collector may merge that roll with others into the collection roll from which the November tax notice is to be printed and mailed; and WHEREAS,the proceeds from the collections of these imposed and levied non-ad valorem assessments shall be paid to the District; and WHEREAS, the Tax Collector, under the direct supervision of the Florida Department of Revenue performs the state work in preparing, mailing out, collecting and enforcing against delinquency the non-ad valorem assessments of the District using the Uniform Collection Methodology for non-ad valorem assessments; and WHEREAS, if the Property Appraiser and the Tax Collector have adopted a different technological procedure for certifying and merging the rolls, then that procedure must be worked out and negotiated with Board approval through the auspices of the District Manager before there are any deviations from the provisions of Section 197.3632, Florida Statutes, and Rule 12D-18, Florida Administrative Code. NOW,THEREFORE,BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF HERITAGE BAY COMMUNITY DEVELOPMENT DISTRICT: Section 1. Recitals. The provisions of the foregoing recitals are true and correct and are incorporated herein as diapositive. Section 2. Budget a. The Board has reviewed the District Manager's Proposed Budget, a copy of which is on file with the Office of the District Treasurer and the District's Local Records Office, and is hereby attached to this Resolution,and hereby approves certain amendments thereto,as referenced herein. 2 I 6 1 1 A 2 b. The District Manager's Proposed Budget, as amended by the Board, is adopted hereby in accordance with the provisions of Section 190.008(2)(a), Florida Statutes and incorporated herein by reference;provided,however,that the comparative figures contained in the adopted budget may be revised subsequently as deemed necessary by the District Manager to reflect actual revenues and expenditures for Fiscal Year 2023-2024 and/or revised projections for Fiscal Year 2024-2025. c. The adopted budget, as amended, shall be maintained in the Office of the District Treasurer and the District's Local Records Office in addition to be posted on the District's website as may be required by Florida law and identified as"The Budget for the Heritage Bay Community Development District for the Fiscal Year Ending September 30, 2025, as adopted by the Board of Supervisors on September 5, 2024. Section 3. Appropriations There is hereby appropriated out of the revenues of the District, for the Fiscal Year beginning October 1,2024,and ending September 30,2025 the sum of Two Million Two Hundred Thousand Thirty-Four Thirty ($ 2,234,030)to be raised by the applicable imposition and levy by the Board of applicable non-ad valorem special assessments and otherwise, which sum is deemed by the Board of Supervisors to be necessary to defray all expenditures of the District during said budget year,to be divided and appropriated in the following fashion: TOTAL GENERAL FUND $ 608.466 DEBT SERVICE FUND $1,625,564 Total All Funds $2,234,030 Section 4. Supplemental Appropriations The Board may authorize by Resolution supplemental appropriations or revenue changes for any lawful purpose from funds on hand or estimated to be received within the Fiscal Year as follows: a. The Board may authorize a transfer of the unexpended balance or portion thereof of any appropriation item. b. The Board may authorize an appropriation from the unappropriated balance of any fund. c. The Board may increase any revenue or income budget account to reflect receipt of any additional unbudgeted monies and make the corresponding change to appropriations or the unappropriated balance. The District Manager and Treasurer shall have the power within a given fund to authorize the transfer of any unexpended balance of any appropriation item or any portion thereof,provided such transfers do not exceed Ten Thousand ($10,000) Dollars or have the effect of causing more 3 1611A2 than 10% of the total appropriation of a given program or project to be transferred previously approved transfers included. Such transfer shall not have the effect of causing a more than$10,000 or 10% increase, previously approved transfers included, to the original budget appropriation for the receiving program. Transfers within a program or project may be approved by the applicable Department Director and the District Manager or Treasurer. The District Manager or Treasurer must establish administrative procedures,which require information on the request forms proving that such transfer requests comply with this section. Section 5. Maintenance Special Assessment Levy: Fixed and Referenced and to be Levied by the Board a. The Fiscal Year 2024-2025 Maintenance Special Assessment Levy (the "Assessment Levy")for the assessment upon all the property within the boundaries of the District based upon the special and peculiar benefit received and further based upon reasonable and fair apportionment of the special benefit, shall be in accordance with the attached Exhibit A, which levy represents the amount of District assessments necessary to provide for payment during the aforementioned budget year of all properly authorized expenditures to be incurred by the District, including principal and interest of special revenue, capital improvement and/or benefit assessment bonds. The Assessment Levy shall be distributed as follows: General Fund 0&M $ [See Assessment Levy Resolution 2024-5] Debt Service Fund $ [See Assessment Levy Resolution 2024-5] b. The designee of the Chair of the Board shall be the Manager or the Treasurer of the District designated to certify the non-ad valorem assessment roll to the Tax Collector in and for the Collier County political subdivision, in accordance with applicable provisions of State law (Chapters 170, 190 and 197, Florida Statutes) and applicable rules (Rule 12D-18, Florida Administrative Code) which shall include not only the maintenance special assessment levy but also the total for the debt service levy, as required by and pursuant to law. Section 6. Effective Date. This Resolution shall be effective immediately upon its adoption. PASSED AND ADOPTED at a meeting of the Board of Supervisors of Heritage Bay Community Development District this 5th day of September 2024. HERITAGE BAY COMMUNITY DEVELOPMENT DISTRICT Attest: J Faircloth, Secretary Edwin Hubbard. Chairperson 4 1 611A 2 HERITAGE BAY Community Development District Annual Operating and Debt service Budget Fiscal Year 2025 Adopted Budget Meeting on 09/05/2024 Prepared by: INFRAMARK ISPRASTMUCTURk MANAGtMtNT SEAVIC[S HERITAGE BAY 1 6 I 1 A 2 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 Non-Ad Valorem Assessment Summary ................................................................. 11 1 6 I 1 A 2 HERITAGE BAY Community Development District Operating Budget Fiscal Year 2025 HERITAGE BAY 1 6 I 1 A 2 Community Development District General Fund Summary of Revenues, Expenditures and Changes in Fund Balances Fiscal Year 2025 Budget ADOPTED ACTUAL PROJECTED TOTAL ANNUAL ACTUAL ACTUAL BUDGET THRU August- PROJECTED BUDGET ACCOUNT DESCRIPTION FY 2022 FY 2023 FY 2024 7/31/2024 9/30/2024 FY 2024 FY 2025 REVENUES Interest-Investments $ 3,228 $ 46,371 $ 51,001 $ 65,412 $ 7,500 $ 72,912 $ 46,863 Interest-Tax Collector 148 1,360 - 2,399 450 2,849 - Special Assmnts-Tax Collector 355,190 355,189 505,604 505,604 - 505,604 553,754 Special Assmnts-Lakes 30A&30B 60,923 60,923 - - - - - Special Assmnts-Reserves 31,250 31,250 31,250 31,250 - 31,250 31,250 Special Assmnts-Discounts (16,667) (16,073) (21,474) (19,640) - (19,640) (23,400) Other Miscellaneous Revenue 111,125 29,750 - 32,023 - 32,023 - TOTAL REVENUES 545,197 508,770 566,382 617,048 7,950 624,998 608,466 EXPENDITURES Administrative P/R-Board of Supervisors 7,000 5,000 9,000 4,400 4,600 9,000 9,181 FICA Taxes 536 383 689 337 352 689 689 Profserv-Arbitrage Rebate - 600 - 600 600 600 ProfServ-Dissemination Agent 1,500 1,500 1,500 875 625 1,500 1,500 ProfServ-Engineering 21,635 4,692 12,000 2,527 9,473 12,000 12,000 ProfServ-Legal Services 18,078 5,008 11,500 2,718 8,782 11,500 11,500 ProfServ-Mgmt Consulting Sery 49,613 50,561 52,078 43,398 8,680 52,078 53,640 ProfServ-Property Appraiser 29 4,591 8,053 8,271 - 8,271 8,053 ProfServ-Special Assessment 7,002 7,212 7,428 7,212 216 7,428 7,651 ProfServ-Trustee Fees 6,468 4,880 8,468 2,846 5,622 8,468 8,468 ProfServ-Web Site Maintenance 1,167 1,202 1,238 1,035 203 1,238 1,275 Auditing Services 4,900 5,000 5,000 4,200 800 5,000 5,000 Website Compliance 1,553 1,553 1,553 1,164 389 1,553 1,553 Postage and Freight 815 450 1,000 1,836 - 1,836 1,000 Insurance-General Liability 7,749 7,849 9,419 8,936 483 9,419 9,419 Printing and Binding 1,754 2,335 1,800 1,766 34 1,800 1,800 Legal Advertising 1,351 4,610 2,000 688 1,312 2,000 2,000 Misc-Bank Charges 88 31 100 - 100 100 100 Misc-Assessmnt Collection Cost 5,395 3,963 10,737 10,344 393 10,737 11,700 Misc-Web Hosting 103 2,499 1,500 - 1,500 1,500 1,500 Office Supplies 450 - 100 60 40 100 100 Annual District Filing Fee 175 175 175 175 - 175 175 Total Administrative 137,361 113,494 145,938 102,788 44,204 146,992 148,904 Field ProfServ-Field Management 13,968 14,019 14,440 1,203 13,237 14,440 4,958 R&M-Contingency - - 100 - 100 100 100 Total Field 13,968 14,019 14,540 1,203 13,337 14,540 5,058 Annual Operating and Debt Service Budget Fiscal Year 2025 1 HERITAGE BAY 1 6 I 1 A 2 Community Development District General Fund Summary of Revenues, Expenditures and Changes in Fund Balances Fiscal Year 2025 Budget ADOPTED ACTUAL PROJECTED TOTAL ANNUAL ACTUAL ACTUAL BUDGET THRU August- PROJECTED BUDGET ACCOUNT DESCRIPTION FY 2022 FY 2023 FY 2024 7/31/2024 9/30/2024 FY 2024 FY 2025 Lakes and Ponds Contracts-Lakes and Wetland - 97,200 71,200 56,000 15,200 71,200 71,200 Contracts-Water Analysis - - 9,861 - 9,861 9,861 9,861 Contracts-Water Quality Monitoring 25,380 24,509 20,905 12,843 8,062 20,905 20,905 Contracts-Lakes 30A&30B 24,000 24,000 24,000 20,000 4,000 24,000 24,000 Contracts-Sediment Testing - - 5,483 - 5,483 5,483 5,483 - Contracts-Lakes 1-29 67,200 - - - - - R&M-Aquascaping 2,470 3,766 4,175 - 4,175 4,175 4,175 R&M-Stormwater System - - 4,000 - 4,000 4,000 4,000 R&M-Lake Erosion 199,495 135,158 100,000 97,356 2,644 100,000 131,250 R&M-Contingency 57,180 5,000 7,825 - 7,825 7,825 8,175 Reserve-Lakes 109,400 - 140,000 - 140,000 140,000 157,000 Reserve-Stormwater System - - 18,455 - 18,455 18,455 18,455 Total Lakes and Ponds 485,125 289,633 405,904 186,199 219,705 405,904 454,504 TOTAL EXPENDITURES 636,454 417,146 566,382 290,190 277,246 567,436 608,466 Excess(deficiency)of revenues Over(under)expenditures (91,257) 91,624 - 326,858 (269,296) 57,562 - Net change in fund balance (91,257) 91,624 - 326,858 (269,296) 57,562 - FUND BALANCE,BEGINNING 681,769 $ 590,512 855,190 855,190 - 855,190 912,752 FUND BALANCE,ENDING $ 590,512 $ 682,139 $ 855,190 $ 1,182,048 $ (269,296) $ 912,752 $ 912,752 Annual Operating and Debt Service Budget Fiscal Year 2025 2 16I1A2 HERITAGE BAY Community Development District General Fund Exhibit"A" Allocation of Fund Balances AVAILABLE FUNDS Amount Beginning Fund Balance-Fiscal Year 2025 $ 912,752 Net Change in Fund Balance-Fiscal Year 2025 - Reserves-Fiscal Year 2025 Additions 175,455 Total Funds Available(Estimated)-9/30/2025 1,088,207 ALLOCATION OF AVAILABLE FUNDS Assigned Fund Balance Operating Reserve-First Quarter Operating Capital 108,253 (1) Reserves-Erosion Control(Prior years) 14,687 (2) Reserves-Lakes(Prior Years) 190,475 (2) Reserves-Lakes FY 2024 140,000 Reserves-Lakes FY 2025 157,000 487,475 Reserves-Stormwater System(Prior Years) 58,675 (2) Reserves-Stormwater System FY 2024 18,455 Reserves-Stormwater System FY 2025 18,455 95,585 Total Allocation of Available Funds 706,000 Total Unassigned(undesignated)Cash $ 382,207 Notes (1)Represents approximately 3 months of operating expenditures. (2)Ties to motion to assign fund balance as of 9/30/2023. Annual Operating and Debt Service Budget 3 Fiscal Year 2025 HERITAGE BAY 1 6 I l A 2 Community Development District General Fund Budget Narrative Fiscal Year 2025 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-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. FICA Taxes are calculated at 7.65%of gross payroll. 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-Dissemination Agent This line item is to cover dissemination services as required. Services are provided by Inframark. 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-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. Annual Operating and Debt Service Budget Fiscal Year 2025 4 HERITAGE BAY 1 6 I 1 A 2 Community Development District General Fund Budget Narrative Fiscal Year 2025 EXPENDITURES Administrative (continued) 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. 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-Trustee Fees 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. 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. Website Compliance Inframark Infrastructure Management Services oversees the District's email accounts and provides assistance to Campus Suite regarding the website as necessary. 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. Annual Operating and Debt Service Budget Fiscal Year 2025 5 HERITAGE BAY 1 6 I 1 A 2 • Community Development District General Fund Budget Narrative Fiscal Year 2025 EXPENDITURES (continued) Administrative (continued) 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. 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. Field 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. 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-Water Analysis A contract was negotiated with CPH for bathymetric to be performed on Lakes. Contracts-Water Quality A contract was negotiated with CPH for testing of the lakes and water quality monitoring. Annual Operating and Debt Service Budget Fiscal Year 2025 6 HERITAGE BAY 1 6 1 1 A 2 Community Development District General Fund Budget Narrative Fiscal Year 2025 EXPENDITURES (continued) Lakes & Ponds (continued) Contracts-Lakes and Wetland A contract was negotiated with Solitude Lake Management LLC for monthly lake maintenance of the district's lakes and littoral shelf maintenance which includes approximately 14.52 acres. Fluoridone Treatment was added May 2015. Contracts-Lakes 30A&30B A contract was negotiated with Solitude Lake Management LLC for monthly maintenance of lakes 30A&30B. Contracts-Sediment Testing Contract with CPH to do sediment testing in the district lakes. R&M-Aquascapinq This is for any repair and maintenance expenses pertaining to the District's lakes that are not covered in the contract. R&M-Stormwater System This is for any repair and maintenance expenses pertaining to the stormwater system. R&M-Lake Erosion This is for any repair and maintenance expenses pertaining to erosion control that are not covered in the contract. R&M-Contingency All other lake expenses that do not fall into the previous repair and maintenance categories 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 2025 7 1 6 , 1A 2 HERITAGE BAY Community Development District Debt Service Budget Fiscal Year 2025 1 611A 2 HERITAGE BAY Community Development District Debt Service Summary of Revenues, Expenditures and Changes in Fund Balances Fiscal Year 2025 Budget ADOPTED ACTUAL PROJECTED TOTAL ANNUAL ACTUAL ACTUAL BUDGET THRU August- PROJECTED BUDGET ACCOUNT DESCRIPTION FY 2022 FY 2023 FY 2024 Jul-24 9/30/2024 FY 2024 FY 2025 REVENUES Interest-Investments $ 3,016 $ 47,860 $ 1,000 $ 54,696 $ 10,939 $ 65,635 $ - Special Assmnts-Tax Collector 1,689,156 1,689,155 1,689,155 1,689,155 - 1,689,155 1,689,155 Special Assmnts-Discounts (62,932) (60,692) (67,566) (61,795) - (61,795) (67,566) TOTAL REVENUES 1,629,240 1,676,323 1,622,589 1,682,056 10,939 1,692,995 1,621,589 EXPENDITURES Administrative ProfServ-Property Appraiser - - 25,337 - - - 25,337 Misc-Assessmnt Collection Cost 20,372 14,965 33,783 32,209 - 32,209 33,783 Total Administrative 20,372 14,965 59,120 32,209 - 32,209 59,120 Debt Service Principal Debt Retirement 1,055,000 1,085,000 1,115,000 - - - 1,140,000 Principal Prepayments 10,000 15,000 - 10,000 - 10,000 - Interest Expense 511,356 484,706 456,150 227,934 - 227,934 426,444 Total Debt Service 1,576,356 1,584,706 1,571,150 237,934 - 237,934 1,566,444 TOTAL EXPENDITURES 1,596,728 1,599,671 1,630,270 270,143 - 270,143 1,625,564 Excess(deficiency)of revenues Over(under)expenditures 32,512 76,652 (7,681) 1,411,913 10,939 1,422,852 (3,975) OTHER FINANCING SOURCES(USES) Contribution to(Use of)Fund Balance - - (7,681) - - - (3,975) TOTAL OTHER SOURCES(USES) - - (7,681) - - - (3,975) Net change in fund balance 32,512 76,652 (7,681) 1,411,913 10,939 1,422,852 (3,975) FUND BALANCE,BEGINNING 925,093 957,604 1,034,256 1,034,256 - 1,034,256 2,457,108 FUND BALANCE,ENDING $ 957,605 $ 1,034,256 $ 1,026,575 $ 2,446,169 $ 10,939 $ 2,457,108 $ 2,453,132 Annual Operating and Debt Service Budget 8 Fiscal Year 2025 HERITAGE BAY a! 6 I 1 A 2 Community Development District General Fund Heritage Bay Community Development District Capital Improvement Revenue Refunding Bonds,Series 2018A Debt Service Schedule(After 05/01/2023 Payment Date) 1Date Outstanding Par Principal Rate Interest Total 11/1/2024 $ 13,535,000 2.63% $ 213,222 $ 213,221.881 5/1/2025 $ 13,535,000 $ 1,140,000 $ 213,222 $ 1,353,221.88 11/1/2025 $ 12,395,000 2.75% $ 197,547 $ 197,546.88 5/1/2026 $ 12,395,000 $ 1,175,000 $ 197,547 $ 1,372,546.88 11/1/2026 $ 11,220,000 3.00% $ 179,922 $ 179,921.88 5/1/2027 $ 11,220,000 $ 1,210,000 $ 179,922 $ 1,389,921.88 11/1/2027 $ 10,010,000 3.00% $ 161,772 $ 161,771.88 5/1/2028 $ 10,010,000 $ 1,245,000 $ 161,772 $ 1,406,771.88 11/1/2028 $ 8,765,000 3.00% $ 143,097 $ 143,096.88 5/1/2029 $ 8,765,000 $ 1,285,000 $ 143,097 $ 1,428,096.88 11/1/2029 $ 7,480,000 3.00% $ 123,822 $ 123,821.88 5/1/2030 $ 7,480,000 $ 965,000 $ 123,822 $ 1,088,821.88 11/1/2030 $ 6,515,000 3.13% $ 108,744 $ 108,743.75 5/1/2031 $ 6,515,000 $ 1,000,000 $ 108,744 $ 1,108,743.75 11/1/2031 $ 5,515,000 3.25% $ 92,494 $ 92,493.75 5/1/2032 $ 5,515,000 $ 1,030,000 $ 92,494 $ 1,122,493.75 11/1/2032 $ 4,485,000 3.25% $ 75,756 $ 75,756.25 5/1/2033 $ 4,485,000 $ 1,065,000 $ 75,756 $ 1,140,756.25 11/1/2033 $ 3,420,000 3.25% $ 58,450 $ 58,450.00 5/1/2034 $ 3,420,000 $ 1,100,000 $ 58,450 $ 1,158,450.00 11/1/2034 $ 2,320,000 3.38% $ 39,888 $ 39,887.50 5/1/2035 $ 2,320,000 $ 1,140,000 $ 39,888 $ 1,179,887.50 11/1/2035 $ 1,180,000 3.38% $ 20,650 $ 20,650.00 5/1/2036 $ 1,180,000 $ 1,180,000 $ 20,650 $ 1,200,650.00 $ 13,535,000 $ 2,830,725 $ 16,365,725 Annual Operating and Debt Service Budget 9 Fiscal Year 2025 HERITAGE BAY 1 6 I 1 A 2 Community Development District Debt Service Fund Budget Narrative Fiscal Year 2025 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-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. 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 2025 10 ! 6I1A2 HERITAGE BAY Community Development District Supporting Budget Schedules Fiscal Year 2025 HERITAGE BAY 1 6 I 1 A 2 Community Development District All Funds Comparison of Assessment Rates Fiscal Year 2025 vs.Fiscal Year 2024 General Fund Series 2018 Debt Service Total Assessments per Unit Units FY 2025 FY 2024 Percent FY 2025 FY 2024 Percent FY 2025 FY 2024 Dollar Percent Product Change Change Change Change Executive $468.00 $429.48 8.97% $1,928.85 $1,928.85 0% $2,396.85 $2,358.33 $38.52 2% 139 Classics $468.00 $429.48 8.97% $3,050.09 $3,050.09 0% $3,518.09 $3,479.57 $38.52 1% 95 Classics II $468.00 $429.48 8.97% $3,294.57 $3,294.57 0% $3,762.57 $3,724.05 $38.52 1% 18 Coach $468.00 $429.48 8.97% $1,361.54 $1,361.54 0% $1,829.54 $1,791.02 $38.52 2% 184 2 Story $468.00 $429.48 8.97% $1,134.62 $1,134.62 0% $1,602.62 $1,564.10 $38.52 2% 364 4 Story $468.00 $429.48 8.97% $907.69 $907.69 0% $1,375.70 $1,337.18 $38.52 3% 450 1250 ASSESSMENT TREND ANALYSIS-GENERAL FUND FY2025 FY2024 FY2023 FY2022 FY2021 $468.00 $429.48 $357.89 $357.89 $357.89 $468.00 $429.48 $357.89 $357.89 $357.89 $468.00 $429.48 $357.89 $357.89 $357.89 $468.00 $429.48 $357.89 $357.89 $357.89 $468.00 $429.48 $357.89 $357.89 $357.89 $468.00 $429.48 $357.89 $357.89 $357.89 Annual Operating and Debt Service Budget 11 Fiscal Year 2025 1 6 1 1 A 2 RESOLUTION 2024-05 A RESOLUTION OF THE BOARD OF SUPERVISORS OF HERITAGE BAY COMMUNITY DEVELOPMENT DISTRICT LEVYING AND IMPOSING NON-AD VALOREM MAINTENANCE SPECIAL ASSESSMENTS FOR HERITAGE BAY COMMUNITY DEVELOPMENT DISTRICT AND CERTIFYING AN ASSESSMENT ROLL FOR FISCAL YEAR 2024/2025; PROVIDING A SEVERABILITY CLAUSE; PROVIDING FOR CONFLICT AND PROVIDING AN EFFECTIVE DATE. WHEREAS,Heritage Bay Community Development District(the"District")is a local unit of special-purpose government established pursuant to Chapter 190, Florida Statutes for the purpose of providing, operating and maintaining infrastructure improvements, facilities and services to the lands within the District; and WHEREAS,the District is located in Collier County, Florida (the "County"); and WHEREAS, the District has constructed or acquired certain public improvements within the District and provides certain services in accordance with Chapter 190, Florida Statutes; and WHEREAS, the Board of Supervisors of the District ("Board") hereby determines to undertake various operations and maintenance activities described in the District's General Fund Budget for Fiscal Year 2024/2025 attached hereto as Exhibit "A" and incorporated by reference herein("Operations and Maintenance Budget"); and WHEREAS, the District must obtain sufficient funds to provide for the operation and maintenance of the services and facilities provided by the District as described in the Operations and Maintenance Budget for Fiscal Year 2024/2025; and WHEREAS, the provision of such services, facilities, and operations is a benefit to lands within the District; and WHEREAS, Chapter 190, Florida Statutes, provides that the District may impose special assessments on benefited lands within the District; and WHEREAS, Chapter 197, Florida Statutes,provides a mechanism pursuant to which such special assessments may be placed on the tax roll and collected by the Local Tax Collector ("Uniform Method"); and WHEREAS, the District has previously levied an assessment for debt service, which the District desires to collect on the tax roll pursuant to the Uniform Method and which is also indicated on Exhibit"A"; and WHEREAS, the District has previously evidenced its intention to utilize the Uniform Method. The District has approved an Agreement with the Property Appraiser and Tax Collector 1 1 6I 1A 2 of the County to provide for the collection of the special assessments under the Uniform Method; and WHEREAS,the Board finds that the District's total Operations and Maintenance operation assessments, taking into consideration other revenue sources during Fiscal Year 2024/2025 (defined as October 1, 2024 through September 30, 2025), will amount to $ 608,466; and WHEREAS, the Board finds that the non-ad valorem special assessments it levies and imposes by this Resolution for operation and maintenance on the parcels of property involved will reimburse the District for certain special and peculiar benefits received by the property flowing from the maintenance of the improvements, facilities and services apportioned in a manner that is fair and reasonable, in accordance with the applicable assessment methodology as adopted by the District; and WHEREAS, it is in the best interests of the District to proceed with the imposition of the special assessments; and WHEREAS, it is in the best interests of the District to adopt the Assessment Roll of the District (the "Assessment Roll") attached to this Resolution as Exhibit "B" and incorporated as a material part of this Resolution by this reference, and to certify the Assessment Roll to the County Tax Collector pursuant to the Uniform Method; and WHEREAS,it is in the best interests of the District to permit the District Manager to amend the Assessment Roll, certified to the County Tax Collector by this Resolution, as the Property Appraiser updates the property roll for the County, for such time as authorized by Florida law. NOW,THEREFORE,BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF HERITAGE BAY COMMUNITY DEVELOPMENT DISTRICT OF COLLIER COUNTY, FLORIDA: Section 1. Recitals. The foregoing recitals are true and correct and incorporated herein by reference. Section 2. Benefit. The provision of the services, facilities, and operations as described in Exhibit "A" confer a special and peculiar benefit to the lands within the District, which benefits exceed or equal the costs of the Assessments (as defined below). The allocation of the costs to the specially benefited lands is shown in Exhibits"A" and"B,": and is found to be fair and reasonable. Section 3. Assessment Imposition. Pursuant to Chapters 170, 190 and 197, Florida Statutes, and using the procedures authorized by Florida law for the levy and collection of special assessments, a special assessment for operations and maintenance is hereby imposed and levied on the benefited lands within the District in accordance with Exhibits "A" and "B" (the "Assessments"). The lien of the Assessments imposed and levied by this Resolution shall be effective upon passage of this Resolution. 2 1 611A 2 Section 4. Collection. a. The collection of the Assessments shall be at the same time and in the same manner as County taxes in accordance with the Uniform Method. Further,the collection of the Assessments will be together with the collection of all other debt service non-ad valorem assessments, if any, which have been levied and certified by the District. The District shall also collect its previously levied debt service assessment pursuant to the Uniform Method, in the amounts as indicated on Exhibits"A"and`B," b. The decision to collect any special assessmepts by any particular method (i.e., on the tax roll or by direct billing) does not mean that such method will be used to collect special assessments in future years, and the District reserves the right in its sole discretion to select collection methods in any given year regardless of past practices. Section 5. Assessment Roll. The District's Assessment Roll, attached to this Resolution as Exhibit"B," is hereby certified to the County Tax Collector and shall be collected by the County Tax Collector in the same manner and time as County taxes. The proceeds therefrom shall be paid to Heritage Bay Community Development District. The Chairperson of the Board designates the District Manager to perform the certification duties. A copy of this Resolution be transmitted to the proper public officials so that its purpose and effect may be carried out in accordance with law. Section 6. Assessment Roll Amendment. The District Manager shall keep apprised of all updates made to the County Property Tax Roll by the Property Appraiser after the date of this Resolution; and shall amend the District's Assessment Roll in accordance with any such updates, for such time as authorized by Florida law, to the County Property Tax Roll. After any amendment of the Assessment Roll,the District Manager shall file the updates to the Property Tax Roll in the District records. Section 7. Conflict. All Resolutions, sections or parts of sections of any Resolutions or actions of the Board of Supervisors in conflict are hereby repealed to the extent of such conflict. Section 8. Severability. The invalidity or unenforceability of any one or more provisions of this Resolution shall not affect the validity or enforceability of the remaining portions of this Resolution, or any part thereof. Section 9. Effective Date. This Resolution shall take effect upon the passage and adoption of this Resolution by the Board of the District. PASSED AND ADOPTED at a meeting of the Board of Supervisors of Heritage Bay Community Development District this 5th day of September 2024. HERITAGE BAY COMMUNITY DEVELOPMENT DISTRICT Attest: tin Faircloth, Secretary Edwin Hubbard, Chairperson 3 1 6I 1A 2 HERITAGE BAY Community Development District Annual Operating and Debt service Budget Fiscal Year 2025 Adopted Budget Meeting on 09/05/2024 Prepared by: 6INFRAMARK ,Yf kA„olUl7 V*i hfAt+AGLMLNT !oLkt'it;i> HERITAGE BAY 61 A Community Development District ti 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 Non-Ad Valorem Assessment Summary ................................................................. 11 I 6 I 1 A 2 HERITAGE BAY Community Development District Operating Budget Fiscal Year 2025 HERITAGE BAY 1 6 , 1 A 2 Community Development District General Fund Summary of Revenues, Expenditures and Changes in Fund Balances Fiscal Year 2025 Budget ADOPTED ACTUAL PROJECTED TOTAL ANNUAL ACTUAL ACTUAL BUDGET THRU August- PROJECTED BUDGET ACCOUNT DESCRIPTION FY 2022 FY 2023 FY 2024 7/31/2024 9/30/2024 FY 2024 FY 2025 REVENUES Interest-Investments $ 3,228 $ 46,371 $ 51,001 $ 65,412 $ 7,500 $ 72,912 $ 46,863 Interest-Tax Collector 148 1,360 - 2,399 450 2,849 - Special Assmnts-Tax Collector 355,190 355,189 505,604 505,604 - 505,604 553,754 Special Assmnts-Lakes 30A&30B 60,923 60,923 - - - - - Special Assmnts-Reserves 31,250 31,250 31,250 31,250 - 31,250 31,250 Special Assmnts-Discounts (16,667) (16,073) (21,474) (19,640) - (19,640) (23,400) Other Miscellaneous Revenue 111,125 29,750 - 32,023 - 32,023 - TOTAL REVENUES 545,197 508,770 566,382 617,048 7,950 624,998 608,466 EXPENDITURES Administrative P/R-Board of Supervisors 7,000 5,000 9,000 4,400 4,600 9,000 9,181 FICA Taxes 536 383 689 337 352 689 689 ProfServ-Arbitrage Rebate - 600 - 600 600 600 ProfServ-Dissemination Agent 1,500 1,500 1,500 875 625 1,500 1,500 ProfServ-Engineering 21,635 4,692 12,000 2,527 9,473 12,000 12,000 ProfServ-Legal Services 18,078 5,008 11,500 2,718 8,782 11,500 11,500 ProfServ-Mgmt Consulting Sery 49,613 50,561 52,078 43,398 8,680 52,078 53,640 ProfServ-Property Appraiser 29 4,591 8,053 8,271 - 8,271 8,053 ProfServ-Special Assessment 7,002 7,212 7,428 7,212 216 7,428 7,651 ProfServ-Trustee Fees 6,468 4,880 8,468 2,846 5,622 8,468 8,468 ProfServ-Web Site Maintenance 1,167 1,202 1,238 1,035 203 1,238 1,275 Auditing Services 4,900 5,000 5,000 4,200 800 5,000 5,000 Website Compliance 1,553 1,553 1,553 1,164 389 1,553 1,553 Postage and Freight 815 450 1,000 1,836 - 1,836 1,000 Insurance-General Liability 7,749 7,849 9,419 8,936 483 9,419 9,419 Printing and Binding 1,754 2,335 1,800 1,766 34 1,800 1,800 Legal Advertising 1,351 4,610 2,000 688 1,312 2,000 2,000 Misc-Bank Charges 88 31 100 - 100 100 100 Misc-Assessmnt Collection Cost 5,395 3,963 10,737 10,344 393 10,737 11,700 Misc-Web Hosting 103 2,499 1,500 - 1,500 1,500 1,500 Office Supplies 450 - 100 60 40 100 100 Annual District Filing Fee 175 175 175 175 - 175 175 Total Administrative 137,361 113,494 145,938 102,788 44,204 146,992 148,904 Field ProfServ-Field Management 13,968 14,019 14,440 1,203 13,237 14,440 4,958 R&M-Contingency - - 100 - 100 100 100 Total Field 13,968 14,019 14,540 1,203 13,337 14,540 5,058 Annual Operating and Debt Service Budget Fiscal Year 2025 1 1 6 I 1A 2 r HERITAGE BAY Community Development District General Fund Summary of Revenues, Expenditures and Changes in Fund Balances Fiscal Year 2025 Budget ADOPTED ACTUAL PROJECTED TOTAL ANNUAL ACTUAL ACTUAL BUDGET THRU August- PROJECTED BUDGET ACCOUNT DESCRIPTION FY 2022 FY 2023 FY 2024 7/31/2024 9/30/2024 FY 2024 FY 2025 Lakes and Ponds Contracts-Lakes and Wetland - 97,200 71,200 56,000 15,200 71,200 71,200 Contracts-Water Analysis - - 9,861 - 9,861 9,861 9,861 Contracts-Water Quality Monitoring 25,380 24,509 20,905 12,843 8,062 20,905 20,905 Contracts-Lakes 30A&30B 24,000 24,000 24,000 20,000 4,000 24,000 24,000 Contracts-Sediment Testing - - 5,483 - 5,483 5,483 5,483 Contracts-Lakes 1-29 67,200 - - - - - - R&M-Aquascaping 2,470 3,766 4,175 - 4,175 4,175 4,175 R&M-Stormwater System - - 4,000 - 4,000 4,000 4,000 R&M-Lake Erosion 199,495 135,158 100,000 97,356 2,644 100,000 131,250 R&M-Contingency 57,180 5,000 7,825 - 7,825 7,825 8,175 Reserve-Lakes 109,400 - 140,000 - 140,000 140,000 157,000 Reserve-Stormwater System - - 18,455 - 18,455 18,455 18,455 Total Lakes and Ponds 485,125 289,633 405,904 186,199 219,705 405,904 454,504 TOTAL EXPENDITURES 636,454 417,146 566,382 290,190 277,246 567,436 608,466 Excess(deficiency)of revenues Over(under)expenditures (91,257) 91,624 - 326,858 (269,296) 57,562 - Net change in fund balance (91,257) 91,624 - 326,858 (269,296) 57,562 - FUND BALANCE,BEGINNING 681,769 $ 590,512 855,190 855,190 - 855,190 912,752 FUND BALANCE,ENDING $ 590,512 $ 682,139 $ 855,190 $ 1,182,048 $ (269,296) $ 912,752 $ 912,752 Annual Operating and Debt Service Budget Fiscal Year 2025 2 HERITAGE BAY 16 I 1 A 2 Community Development District General Fund Exhibit"A" Allocation of Fund Balances AVAILABLE FUNDS Amount Beginning Fund Balance-Fiscal Year 2025 $ 912,752 Net Change in Fund Balance-Fiscal Year 2025 - Reserves-Fiscal Year 2025 Additions 175,455 Total Funds Available(Estimated)-9/30/2025 1,088,207 ALLOCATION OF AVAILABLE FUNDS Assigned Fund Balance Operating Reserve-First Quarter Operating Capital 108,253 (1) Reserves-Erosion Control(Prior years) 14,687 (�) Reserves-Lakes(Prior Years) 190,475 (2) Reserves-Lakes FY 2024 140,000 Reserves-Lakes FY 2025 157,000 487,475 Reserves-Stormwater System(Prior Years) 58,675 (2) Reserves-Stormwater System FY 2024 18,455 Reserves-Stormwater System FY 2025 18,455 95,585 Total Allocation of Available Funds 706,000 Total Unassigned(undesignated)Cash $ 382,207 Notes (1)Represents approximately 3 months of operating expenditures. (2)Ties to motion to assign fund balance as of 9/30/2023. Annual Operating and Debt Service Budget 3 Fiscal Year 2025 HERITAGE BAY 1 6 I 1 A 2 Community Development District General Fund Budget Narrative Fiscal Year 2025 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-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. FICA Taxes are calculated at 7.65%of gross payroll. 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-Dissemination Agent This line item is to cover dissemination services as required. Services are provided by Inframark. 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-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. Annual Operating and Debt Service Budget Fiscal Year 2025 4 HERITAGE BAY 1 6 I 1 A 2 Community Development District General Fund Budget Narrative Fiscal Year 2025 EXPENDITURES Administrative(continued) 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. 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-Trustee Fees 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. 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. Website Compliance Inframark Infrastructure Management Services oversees the District's email accounts and provides assistance to Campus Suite regarding the website as necessary. 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. Annual Operating and Debt Service Budget Fiscal Year 2025 5 HERITAGE BAY 1 6I1A2 Community Development District General Fund Budget Narrative Fiscal Year 2025 EXPENDITURES (continued) Administrative (continued) 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. 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. Field 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. 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-Water Analysis A contract was negotiated with CPH for bathymetric to be performed on Lakes. Contracts-Water Quality A contract was negotiated with CPH for testing of the lakes and water quality monitoring. Annual Operating and Debt Service Budget Fiscal Year 2025 6 HERITAGE BAY 1 6 I 1 A 2 Community Development District General Fund Budget Narrative Fiscal Year 2025 EXPENDITURES (continued) Lakes & Ponds(continued) Contracts-Lakes and Wetland A contract was negotiated with Solitude Lake Management LLC for monthly lake maintenance of the district's lakes and littoral shelf maintenance which includes approximately 14.52 acres. Fluoridone Treatment was added May 2015. Contracts-Lakes 30A&30B A contract was negotiated with Solitude Lake Management LLC for monthly maintenance of lakes 30A&30B. Contracts-Sediment Testing Contract with CPH to do sediment testing in the district lakes. R&M-Aquascapinq This is for any repair and maintenance expenses pertaining to the District's lakes that are not covered in the contract. R&M-Stormwater System This is for any repair and maintenance expenses pertaining to the stormwater system. R&M-Lake Erosion This is for any repair and maintenance expenses pertaining to erosion control that are not covered in the contract. R&M-Contingencv All other lake expenses that do not fall into the previous repair and maintenance categories 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 2025 7 1 611A 2 HERITAGE BAY Community Development District Debt Service Budget Fiscal Year 2025 HERITAGE BAY 1 6 I 1 A 2 Community Development District Debt Service Summary of Revenues, Expenditures and Changes in Fund Balances Fiscal Year 2025 Budget ADOPTED ACTUAL PROJECTED TOTAL ANNUAL ACTUAL ACTUAL BUDGET THRU August- PROJECTED BUDGET ACCOUNT DESCRIPTION FY 2022 FY 2023 FY 2024 Jul-24 9/30/2024 FY 2024 FY 2025 REVENUES Interest-Investments $ 3,016 $ 47,860 $ 1,000 $ 54,696 $ 10,939 $ 65,635 $ Special Assmnts-Tax Collector 1,689,156 1,689,155 1,689,155 1,689,155 - 1,689,155 1,689,155 Special Assmnts-Discounts (62,932) (60,692) (67,566) (61,795) - (61,795) (67,566) TOTAL REVENUES 1,629,240 1,676,323 1,622,589 1,682,056 10,939 1,692,995 1,621,589 EXPENDITURES Administrative ProfServ-Property Appraiser - - 25,337 - - - 25,337 Misc-Assessmnt Collection Cost 20,372 14,965 33,783 32,209 - 32,209 33,783 Total Administrative 20,372 14,965 59,120 32,209 - 32,209 59,120 Debt Service Principal Debt Retirement 1,055,000 1,085,000 1,115,000 - - - 1,140,000 Principal Prepayments 10,000 15,000 - 10,000 - 10,000 - Interest Expense 511,356 484,706 456,150 227,934 - 227,934 426,444 Total Debt Service 1,576,356 1,584,706 1,571,150 237,934 - 237,934 1,566,444 TOTAL EXPENDITURES 1,596,728 1,599,671 1,630,270 270,143 - 270,143 1,625,564 Excess(deficiency)of revenues Over(under)expenditures 32,512 76,652 (7,681) 1,411,913 10,939 1,422,852 (3,975) OTHER FINANCING SOURCES(USES) Contribution to(Use of)Fund Balance - - (7,681) - - - (3,975) TOTAL OTHER SOURCES(USES) - - (7,681) - - - (3,975) Net change in fund balance 32,512 76,652 (7,681) 1,411,913 10,939 1,422,852 (3,975) FUND BALANCE,BEGINNING 925,093 957,604 1,034,256 1,034,256 - 1,034,256 2,457,108 FUND BALANCE,ENDING $ 957,605 $ 1,034,256 $ 1,026,575 $ 2,446,169 $ 10,939 $ 2,457,108 $ 2,453,132 Annual Operating and Debt Service Budget 8 Fiscal Year 2025 1 6I 1A 2 . HERITAGE BAY Community Development District General Fund Heritage Bay Community Development District Capital Improvement Revenue Refunding Bonds,Series 2018A Debt Service Schedule(After 05/01/2023 Payment Date) Date Outstanding Par Principal Rate Interest Total 11/1/2024 $ 13,535,000 2.63% $ 213,222 $ 213,221.88 5/1/2025 $ 13,535,000 $ 1,140,000 $ 213,222 $ 1,353,221.88 11/1/2025 $ 12,395,000 2.75% $ 197,547 $ 197,546.88 5/1/2026 $ 12,395,000 $ 1,175,000 $ 197,547 $ 1,372,546.88 11/1/2026 $ 11,220,000 3.00% $ 179,922 $ 179,921.88 5/1/2027 $ 11,220,000 $ 1,210,000 $ 179,922 $ 1,389,921.88 11/1/2027 $ 10,010,000 3.00% $ 161,772 $ 161,771.88 5/1/2028 $ 10,010,000 $ 1,245,000 $ 161,772 $ 1,406,771.88 11/1/2028 $ 8,765,000 3.00% $ 143,097 $ 143,096.88 5/1/2029 $ 8,765,000 $ 1,285,000 $ 143,097 $ 1,428,096.88 11/1/2029 $ 7,480,000 3.00% $ 123,822 $ 123,821.88 5/1/2030 $ 7,480,000 $ 965,000 $ 123,822 $ 1,088,821.88 11/1/2030 $ 6,515,000 3.13% $ 108,744 $ 108,743.75 5/1/2031 $ 6,515,000 $ 1,000,000 $ 108,744 $ 1,108,743.75 11/1/2031 $ 5,515,000 3.25% $ 92,494 $ 92,493.75 5/1/2032 $ 5,515,000 $ 1,030,000 $ 92,494 $ 1,122,493.75 11/1/2032 $ 4,485,000 3.25% $ 75,756 $ 75,756.25 5/1/2033 $ 4,485,000 $ 1,065,000 $ 75,756 $ 1,140,756.25 11/1/2033 $ 3,420,000 3.25% $ 58,450 $ 58,450.00 5/1/2034 $ 3,420,000 $ 1,100,000 $ 58,450 $ 1,158,450.00 11/1/2034 $ 2,320,000 3.38% $ 39,888 $ 39,887.50 5/1/2035 $ 2,320,000 $ 1,140,000 $ 39,888 $ 1,179,887.50 11/1/2035 $ 1,180,000 3.38% $ 20,650 $ 20,650.00 5/1/2036 $ 1,180,000 $ 1,180,000 $ 20,650 $ 1,200,650.00 $ 13,535,000 $ 2,830,725 $ 16,365,725 Annual Operating and Debt Service Budget Fiscal Year 2025 9 HERITAGE BAY 1 6 I 1 A 2 Community Development District Debt Service Fund Budget Narrative Fiscal Year 2025 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-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. 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 2025 10 I 6I 1A 2 HERITAGE BAY Community Development District Supporting Budget Schedules Fiscal Year 2025 1 6 I 1 A 2 HERITAGE BAY Community Development District All Funds Comparison of Assessment Rates Fiscal Year 2025 vs.Fiscal Year 2024 General Fund Series 2018 Debt Service Total Assessments per Unit Units FY 2025 FY 2024 Percent FY 2025 FY 2024 Percent FY 2025 FY 2024 Dollar Percent Product Change Change Change Change Executive $468.00 $429.48 8.97% $1,928.85 $1,928.85 0% $2,396.85 $2,358.33 $38.52 2% 139 Classics $468.00 $429.48 8.97% $3,050.09 $3,050.09 0% $3,518.09 $3,479.57 $38.52 1% 95 Classics II $468.00 $429.48 8.97% $3,294.57 $3,294.57 0% $3,762.57 $3,724.05 $38.52 1% 18 Coach $468.00 $429.48 8.97% $1,361.54 $1,361.54 0% $1,829.54 $1,791.02 $38.52 2% 184 2 Story $468.00 $429.48 8.97% $1,134.62 $1,134.62 0% $1,602.62 $1,564.10 $38.52 2% 364 4 Story $468.00 $429.48 8.97% $907.69 $907.69 0% $1,375.70 $1,337.18 $38.52 3% 450 1250 ASSESSMENT TREND ANALYSIS-GENERAL FUND FY2025 FY2024 FY2023 FY2022 FY2021 $468.00 $429.48 $357.89 $357.89 $357.89 $468.00 $429.48 $357.89 $357.89 $357.89 $468.00 $429.48 $357.89 $357.89 $357.89 $468.00 $429.48 $357.89 $357.89 $357.89 $468.00 $429.48 $357.89 $357.89 $357.89 $468.00 $429.48 $357.89 $357.89 $357.89 Annual Operating and Debt Service Budget 11 Fiscal Year 2025 16 1A2 84 i Ask copilot — + Q i 1 \ I , .,,U4 W 1 ` , 1 I I L • WORE le et ae ^vF: 4111,1 r /• I JO RCP s rIP.I I70 V EK 30•*CP I % k - 11 '0 8E 4E40Y40 rr/Ex NEA()wait :I ,1 \fs I10gAL PtAMTNGS0,4 if f J ( �� t •- \ 1 101 i ti}0`ICPa000T _ / 1r'1 FM iJ(1 � _/ f 1 'NV bX:,SE., 1a'EIR I •O► ;N4 fi 3fi'NW. / cla a r 16 .�... -� ��rifly.luxa,14:„s;' 'EX 2//d.j."' 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Ex 144/0• - •*---- 11.11111111111.11 ONE t— VSJOKA41.0 SYSALE F APANtiAlAl PAN*1141, autd. —1/ - 1 6 I 1 A 2 From: Edwin B Hubbard <hubbsbuflo@hotmail.com> Sent:Wednesday,August 7,2024 4:19 PM To: Faircloth,Justin <justin.faircloth@inframark.com>; Lopez,Albert J. <alopez@cphcorp.com> Cc:Swade,Janice<janice.swade@inframark.com> Subject: [EXTERNAL]Re: [EXTERNAL]Canal levels Justin, Interesting information. It does show that the SFWMD is constantly monitoring the canals and the Cocohatchee Canal is within acceptable operating levels. Have I got this right? I am going to put Albert on the agenda (he is aware of my request that he be present)for the 9/5 meeting, and assuming we will have homeowners present for the budget approval, I feel it will be very advantageous to have homeowners, and board members, aware of this ongoing SFWMD monitoring of the canals and that we as a CDD reacted to concerns for our very high water levels in the best interest of our community. Please include this email and the chart along with the information included in the link from Lisa Koehler. I will get my proposed agenda to you early next week. Note: I am also copying Janice for her awareness and follow up thanks for this important update. Ed Get Outlook for iOS From: Faircloth,Justin< imark.com> Sent:Wednesday,August 7,2024 12:54 PM To: Lopez,Albert J. < itopez@col• m> Cc: Ed Hubbard- Heritage Bay CDD BOS(hubbsbuflo@hotmail.com)<hubbsbuflo@hotmail.com> Subject: Fwd: [EXTERNAL]Canal levels Albert, See below as discussed on our call. 1611A2 Sincerely, Justin Justin Faircloth I CAM,CDM I District Manager 239.785.0675 I www.inframarkims.com SUPERVISORS. PLEASE DO NOT REPLY TO ALL AS THIS COULD BE A VIOLATION OF THE FLORIDA SUNSHINE PROVISIONS. CONFIDENTIALITY NOTICE:The information in this email is intended for the sole use of the recipient(s)and may be confidential and subject to protection under the law. If you are not the intended recipient,you are hereby notified that any distribution or copying of this email is strictly prohibited. If you have received this message in error, please contact the sender immediately and delete your copy from your computer. From: Koehler, Lisa <tkoehler;cusf‘Amd.gov> Sent:Tuesday,August 6,2024 4:08:51 PM To: Faircloth,Justin <justinn.faa!i.;loth@inframark.com> Subject: [EXTERNAL]Canal levels You don't often get email from lkoehlerCasfwmd.gov. Learn why this is important This Message Is From an External Sender This message came from outside your organization. Please use caution when clicking links. HI Justin 1 6 I 1 A 2 I was a pleasure talk with you today. Below is a link to our real time data page. There is some interesting information there and if you need any assistance, please give me a call and I can"show" you around the data. https://apps.sfwmd.gov/sitestatus/#/bcb apps.sfwmd.gov/sitestatus/#/operationalStatus Structural Operational Status August 06.2024 16 05 All elevation data are reported in feet NAVD88. Legend Plot Background Plot Fill Color Below/Above Desired Stage . Stage Above Desired Range Desired Stage Range Stage Below Desired Range Stage Inside Desired Range - STALE: data > 2 hours old STALE: data > 8 hours old will show as black opaque COCO1@3.53� Close: 2.76 Open: 5.66 COCO2 @ 6.91 Close: 6.76 Open: 9.16 COCO3 @ 9.50 Close: 8.74 Open: 10.74 Respectfully, Lisa Lisa Koehler Basin Administrator Big Cypress Basin,SFWMD 1 611A 2 2660 N. Horseshoe Drive,Suite 101A Naples, FL 34104 239-263-7615 X-7603 1 6 1 1 A 2 HERITAGE BAY CDD LAKES INSPECTION REPORT Below are my observations on Thursday, August 22, 2024. Lake 1—No issues. Lake 2—No issues. Lake 3- No issues. Lake 4—Picture of wetland area and carolina willows that are to be removed. Most of the willows appeared to be defoliated. : C1 '4,?. ' •. it .T ' i, .�'?� °;,,,i �� ! yA�... �: o�i ! Mary ; F.•lot'�P+ r y e-y r _ F ^ii w.t .4 tiA'' - h +. 73 tyy: `1 � i . s`E ' QN.+ *;4 ,~ � t .K i itr • !i -4 J� .a ` . S .1 � �r -...;:4iT' � j. 7" y i � Lake 5—No issues. August 22, 2024 Page 1 1 6 1 1 A 2 Lake 6—Observed significant improvement in torpedograss. Some surface algae observed behind the littorals. ,, 't f. * ". • �� 'o a ; L .i 8 MOs ` �� ` +1i t � wortwort •y� }A ?' �w fie' } �`TR a 1. f ., rt \ k , if. . • ' ".s:-: \;::-.4\':'45Z.'"Ats. --% • \ . .—, June 2024 August 2024 Lake 7—Illinois pondweed was removed and aesthetics have improved. Some surface algae observed around the perimeter. WI' .. . ,_ , wittitioloisaio . A — r +rimNista, ..,bi,;r• h .' 1 ls4 " e ' t fi r:! �I 1, it .,, �i ;,, fief 'f �� }� .> .r r .nn 11 ,y l M i t -.e - J �.- \ -fi--1 August 22, 2024 Page 2 1 6I 1A 2 Lake 8—No issues. Lake 9—Significant growth of torpedograss still observed in the south end.Tech was advised. • Pr ; 1 'frBs. t% ill 1 4 Iiiiiiiir _.f.al ' rr � . .,, ,..+-11,;. ......., 4,,,*„.: ...„,.. - , -4-it...Li , , ler I' IP,-. J y1� • am _ .y Lake 10—No issues. August 22, 2024 Page 3 16I 1A 2 Lake 11—Torpedograss grass has improved since June. Some traces still remain and will be targeted. • -t4 t., a aO: x x�. 2gg !'y t '�~ rx. *Alt Y + J+ l y f it 1 ..5 (,'i<.. rM ( i ,\ t‘ `•, Y{ h ) hh .' v Il a t I^` ss 'f!,'y.+. 1 'K Y+ /.. . M. 1 . �j : Nam. June 2024 August 2024 Lake 12—No issues Lake 13-No issues. August 22, 2024 Page 4 1 6 I 1 A 2 Lake 14—Trimmed area has already grown back. Was notified on the day of the inspection that the club had treated the growth down to the control line. All other growth below the control line will be targeted by Solitude. *Iv A, t i t.1' ie 1'C 'i� ; 1 i t �1N4., 4 t t i /� 1 1 ,r•r 1, iit * 1 1 10L :> 41Ft.11i" r ; wt.,.. .i. I I l >•t d•` t ��rrly •; . • Lake 15-No issues. August 22, 2024 Page 5 1611A2 Lake 16—Was notified on the day of the inspection that the club had treated the growth down to the control line.All other growth below the control line will be targeted by Solitude. Other patches of growth observed within the lake will be targeted as well. . ' rlr : Irry 1 - , f,,i� • .'"malt ' :K x .f - elot "x-' fit ` t ,. � s 1�' ! r fir .i � . r�, �,• _ 3 Lake 17—No issues. August 22, 2024 Page 6 1 6I 1A 2 Lake 18—Growth of torpedograss extending into the water needs treatment. x .� ,`� 4 `-~'se/ `� ' ` w R 9t µ fir. w. ..:r + •wt: _ _ r" , I 11. K _ , ,. '1 • • •yr 1 , , F t..•.w1 + - %.. i q, . Fyn'r •_s+yt "1 ''1 , ••Iii.j,, t' ''' 4 • ": '..,1t- l+ �� '1rj: 7 Lake 19—No issues. August 22, 2024 Page 7 1611A7 Lake 20—Torpedograss is dying off.The amount of growth has reduced since the previous inspection. Some surface algae was observed around the perimeter. Illinois pondweed needs to be targeted in this lake. 4.-Kr":" ^.. SIP ��,��'lY�fr, • • ' v�,py. 4' $..,• t P.C.? 'Pt-- • +gin. 1- • • ti • is • August 22, 2024 Page 8 1 6 I 1 A 2 Lake 21—No issues. Bank restoration appears to be completed. Future install of littorals should be considered. .♦ - • • -`�r + ' JI , 4 . .. • - . �R 4,. .1., I , , ....... .. . , , , � . . _ w. ._niviiir , , h • I , _ . _.._ ‘..„ . .._ , . ,. _., .,_ ._ . . .,.... _ -4,,..... , 'Kik vim ... _ N. a- . 1 0 - y. }a ;a c f n7 fv- -.' rs;. ♦ Y ,ti♦ " ' p fit- .h'•-' -. ... a.t.S "ifix.e7•k.-try .`�.? • ,'r " ✓: ..• I. .. •4 Lake 22—No issues. Lake 23—No issues. August 22, 2024 Page 9 1 6 I 1 A 2 Lake 24—Illinois pondweed is dying off from previous sonar treatment. Some minor surface algae observed around the perimeter. 1. ,f1 1k ' $jpp / , , ,iii . ..,-;:.,„ I .1,', , i , .- I N il i ili ,.":1A-, li' ' ,.I; . C�Tr '/ di* ,Z. r .. des —t*'0 .•r.o . _ . . .- Lake 25—No issues. Lake 26—No issues. August 22, 2024 Page 10 1 61IA2 Lake 27- Patch of Illinois pondweed observed in the eastern end.Tech was advised. * , 'x 41:61421 • 1110 Y'f ' Iv August 22, 2024 Page 11 1 6 I 1 A 2 Lake 28—Some surface algae observed. Tech was advised. iort -trk it 41 1 . . • 417. . t • Al --• , e• . ' %es. •" - -' -- .. .. • -,- '" ----- - .. :-...., :.-.'•,-.•.) . • • ^e'.. - . ... .. . ,........ . ,....._ ' " '' :-•_"4,: .,-.' e AI— •• ' r, ,.. - A" '- •- , . .2,-,............ ------ - 4 . .,•• , 7 •cr: nsv, ,44,.. . ' , ,) .. ..- . - - - -,,,.' - - - - - -:: -,' 0:', ,'.: , •-:,:.,. -, .,.. Lake 29—Surface algae has improved significantly since the previous inspection. No issues. . x.„._ . •.,:-. .,::- ..,. • 41- r -.. ---i . - : -olio' ••.- :Sisal,........„,____ ' ____ - • - °mu"ar- —. - -,g- - • Illi-•-••l't•'' , -, • . . •,' 15''`,.:--71. 't• .1 . i -4' - • • I lir. „ tsigwoistosotiott.4%1064441,4# 4 August 22, 2024 Page 12 1 6 I 1 A 2 Lake 30A—Floating pondweed observed from recent trimming event. Weeds observed in the riprap on the south end.Tech was advised. lIlli"IIIIIIIIIIIIIIIIIIIPIIIIIIr ilrIP*F;iIllgkillIlIllIll r7 ay� " , .I►rJ.t 40400i 4 j'73' - i :J. • •_ '.ram`_ r i.•-. ..... ". t • tf '; k` '� h ,r q4y� �, a. t�. t , .r - r/Y .'rqt r • is ��rrt � August 22, 2024 Page 13 16IIAP Lake 30B—Tall growth in the shelf appears healthy. Previous treatment to target growth on the edge of the shelf did not appear effective.Tech will target this growth next visit. s t. �� " I I i !.1 i j!}, M I,ry u' 'r - August 22, 2024 Page 14 1 6 I 1 A 2 Bridge between 30A&30B-Trimmings were conducted this month on 8/1 and 8/17.Two more trimming events will be conducted on 8/29 and 8/30. Emphasis will be placed on the bridge area adjacent to 30B and along Heritage Bay Blvd. 30A: 30B: Y x 7 ti August 22, 2024 Page 15 Service Report SLITUDE i 611A 2 LAKE MANAGEMENT Account Heritage Bay CDD Work Order 00646806 Contact Justin Faircloth Work Order 00646806 Address 10154 Heritage Bay Blvd. Number Naples,FL 34120 United States Created Date 7/31/2024 Work Details Specialist Inspected lakes for previous treatments.Treated Prepared By MASON MAHER Comments to lakes 30B for grasses on littorals and rip raps. Customer Treated lake 19 for submerged vegetation. Water level high.Raining and lightning.Fish and birds observed.Thank you for your business. Specialist State License Number Work Order Assets Asset Status Product Work Type Heritage Bay CDD-Lake-All Treated Service Parameters Asset Product Work Type Specialist Comments to Customer Heritage Bay CDD-Lake-All TRASH/DEBRIS COLLECTION(IN HOUSE) Heritage Bay CDD-Lake-AII SHORELINE WEED CONTROL Heritage Bay CDD-Lake-All LAKE WEED CONTROL Heritage Bay CDD-Lake-All ALGAE CONTROL Heritage Bay CDD-Lake-All Service Report 16 1 A 2 SQLITUDE LAKE MANAGEMENT Account Heritage Bay CDD Work Order 00652493 Contact Justin Faircloth Work Order 00652493 Address 10154 Heritage Bay Blvd. Number Naples,FL 34120 United States Created Date 8/6/2024 Work Details Specialist Inspected all the lakes for grasses,algae and Prepared By EGGY SUAREZ Comments to aquatic plants.Water level extremely high.Fish Customer and birds observed.Thank you for your business. Work Order Assets Asset Status Product Work Type Heritage Bay CDD-Lake-All Inspected Service Parameters Asset Product Work Type Specialist Comments to Customer Heritage Bay CDD-Lake-All TRASH/DEBRIS COLLECTION(IN HOUSE) Heritage Bay CDD-Lake-All SHORELINE WEED CONTROL Heritage Bay CDD-Lake-All LAKE WEED CONTROL Heritage Bay CDD-Lake-All ALGAE CONTROL Heritage Bay CDD-Lake-All Service Report SQLITUDE 1611A � LAKE MANAGEMENT Account Heritage Bay CDD Work Order 00671516 Contact Justin Faircloth Work Order 00671516 Address 10154 Heritage Bay Blvd. Number Naples,FL 34120 United States Created Date 7/29/2024 Work Details Specialist Trimmed vegetation per map approximately 3 Prepared By ROBERT BROOKINS Comments to miles Customer Work Order Assets Asset Status Product Work Type Heritage Bay CDD-Lake-All Completed Service Parameters Asset Product Work Type Specialist Comments to Customer Heritage Bay CDD-Lake-All MANUAL TRIMMING/PULLING Heritage Bay CDD-Lake-All Trimmed vegetation per map approximately 3 miles. Service Report - 1 61 1A 2 SQLITUDE LAKE MANAGEMENT Account Heritage Bay CDD Work Order 00675430 Contact Justin Faircloth Work Order 00675430 Address 10154 Heritage Bay Blvd. Number Naples,FL 34120 United States Created Date 8/13/2024 Work Details Specialist Inspected all lakes for grasses,algae and Prepared By MASON MAHER Comments to aquatic plants.Treated lake 20 foe submerged Customer plants.Water level high.Fish and birds observed.Thank you for your business. Specialist State License Number Work Order Assets Asset Status Product Work Type Heritage Bay CDD-Lake-AII Treated Service Parameters Asset Product Work Type Specialist Comments to Customer Heritage Bay CDD-Lake-All TRASH/DEBRIS COLLECTION(IN HOUSE) Heritage Bay CDD-Lake-AII SHORELINE WEED CONTROL Heritage Bay CDD-Lake-AII LAKE WEED CONTROL Heritage Bay CDD-Lake-AII ALGAE CONTROL Heritage Bay CDD-Lake-All Service Report SQL1TUDE 1611A ? LAKE MANAGEMENT Account Heritage Bay CDD Work Order 00675431 Contact Justin Faircloth Work Order 00675431 Address 10154 Heritage Bay Blvd. Number Naples, FL 34120 United States Created Date 8/14/2024 Work Details Specialist Cut pond weed with truxor along both sides of Prepared By ALAN MEADOWS Comments to the bridge ran out of time and could not finish.I Customer will proceed where I left off when I return Work Order Assets Asset Status Product Work Type Heritage Bay CDD-Lake-All Inspected Service Parameters Asset Product Work Type Specialist Comments to Customer Heritage Bay CDD-Lake-All TRASH/DEBRIS COLLECTION(IN HOUSE) Heritage Bay COD-Lake-All SHORELINE WEED CONTROL Heritage Bay CDD-Lake-All 1 LAKE WEED CONTROL Heritage Bay CDD-Lake-All ALGAE CONTROL Heritage Bay CDD-Lake-All -, S9LITUDE • LA __ ._. MANAGEMENT SERVICES CONTRACT CUSTOMER NAME: Heritage Bay CDD SUBMITTED TO: Justin Faricloth CONTRACT DATE: August 22, 2024 SUBMITTED BY: Erika Bamberg, Sales Support Administrator SERVICES: Carolina Willow Trees Removal Lake 4 This agreement (the "Agreement") is made as of the date indicated above, and is by and between SOLitude Lake Management, LLC ("Solitude" or the "Company") and the customer identified above (the "Customer") on the terms and conditions set forth in this Agreement. 1. The Services. SOLitude will provide services at the Customer's property as described in Schedule A attached hereto: 2. PAYMENT TERMS. The total fee for the Services is $2,975.00. Price is valid for 60 days from the contract date.SOLitude shall invoice the Customer following completion of each Task Service. For any work completed or materials in storage on the customer's behalf at the end of each month, the company will invoice and the customer will be responsible for paying the percent of the total work completed as of that date, less any previous deposit paid. Should the work performed be subject to any local, state, or federal jurisdiction, agency, or other organization of authority for sales or other taxes or fees in addition to those expressly covered by this contract, customer will be invoiced and responsible for paying said additional taxes in addition to the fee above. Customer agrees to pay all invoices within thirty (30) days of invoice date. The Customer will be liable for any returned check fees and any collection costs, including reasonable attorney fees and court costs, for any invoices not otherwise timely paid, and interest at the rate of 1% per month may be added to all unpaid invoices. Company shall be reimbursed by the Customer for any non-routine expenses, administrative fees, compliance fees, or any other similar expense that are incurred as a result of requirements placed on the Company by the Customer that are not covered specifically by the written specifications of this contract. 3. TERM AND EXPIRATION. This Agreement is for a one-time service as described in the attached Schedule A. Any additional services will be provided only upon additional terms as agreed to by the parties in writing. Competitively Sensitive & Proprietary Materials—The information contained herein is the intellectual property of SOLitude Lake Management. Recipient may not disclose to any outside party any proprietary information, processes, or pricing contained in this document or any of its attachments without the prior written consent of SOLitude Lake Management. This document is provided to the recipient in good faith and it shall be the responsibility of the recipient to keep the information contained herein confidential. 888.480.LAKE(5253) I SOLITUDELAKEMANAGEMENT.COM A 24-174 Services Contract 6 I 1jj Heritage Bay CDD(13528)-EB Page 2 of 5 4. DISCLAIMER. SOLitude is not responsible for the failure of any treatment, equipment installation, or other work that result from dam or other structural failures, severe weather and storms, flooding, or other acts of God that are outside of the control of SOLitude. Customer understands and acknowledges that there are irrigation restrictions associated with many of the products used to treat lakes and ponds. The customer is responsible for notifying SOLitude in advance of the contract signing and the start of the contract if they utilize any of the water in their lakes or ponds for irrigation purposes. The customer accepts full responsibility for any issues that may arise from the irrigation of turf, ornamentals, trees, crops, or any other plants as a result of treated water being used by the customer for irrigation without the consent or knowledge of SOLitude. Although there is rarely direct fish toxicity with the products used for treatment when applied at the labeled rate, or the installation and normal operation of the equipment we install, there is a risk under certain circumstances of significant dissolved oxygen drops. This risk is most severe in times of extremely hot weather and warm water temperatures, as these are the conditions during which dissolved oxygen levels are naturally at their lowest levels. Oftentimes lakes and ponds will experience natural fish kills under these conditions even if no work is performed. Every effort, to include the method and timing of application, the choice of products and equipment used, and the skill and training of the staff, is made to avoid such problems. However, the customer understands and accepts that there is always a slight risk of the occurrence of adverse conditions outside the control of SOLitude that will result in the death of some fish and other aquatic life. The customer also understands and accepts that similar risks would remain even if no work was performed. The customer agrees to hold SOLitude harmless for any issues with fish or other aquatic life which occur as described above, or are otherwise outside the direct control of the SOLitude, unless there is willful negligence on the part of SOLitude. While SOLitude Lake Management LLC makes every effort to thoroughly inspect the site before providing this contract proposal or beginning any work, it is possible, without fault or negligence, that unforeseen circumstances may arise, or that hidden conditions on the site might be found in the course of the performance of the contract work, which would result in additional time or material costs that exceed this contract pricing. Should this occur, the customer will be notified of these unforeseen circumstances or conditions and be responsible for the costs associated with remedying. By signing this agreement, the customer acknowledges that they have informed SOLitude Lake Management®of all known and relevant current site conditions that would be reasonable to expect could affect our ability to successfully complete the contract work. 5. INSURANCE AND LIMITATION OF LIABILITY. Solitude will maintain general liability and property damage insurance as necessary given the scope and nature of the Services. The Company will be responsible for those damages, claims, causes of action, injuries or legal costs to the extent of its own direct negligence or misconduct, and then only to an amount not to exceed the annual value of this Agreement. In no event will any party to this Agreement be liable to the other for incidental, consequential or purely economic damages. Competitively Sensitive & Proprietary Materials—The information contained herein is the intellectual property of SOLitude Lake Management. Recipients may not disclose to any outside party any proprietary information, processes, or pricing contained in this document or any of its attachments without the prior written consent of SOLitude Lake Management. This document is provided to the recipient in good faith and it shall be the responsibility of the recipient to keep the information contained herein confidential. 888.480.LAKE(5253) I SOLITUDELAKEMANAGEMENT.COM 1 6I 1A2 A-174 Services Contract Heritage Bay CDD (13528)-EB Page 3 of 5 6. FORCE MAJEURE. The Company shall not be liable for any delay in performing the Services, nor liable for any failure to provide the Services, due to any cause beyond its reasonable control. 7. ANTI-CORRUPTION AND BRIBERY. Each party represents that neither it nor anyone acting on its behalf has offered, given, requested or accepted any undue financial or other advantage of any kind in entering into this Agreement, and that it will comply with all applicable laws and regulations pertaining to corruption, competition and bribery in carrying out the terms and conditions of this Agreement. 8. GOVERNING LAW. This Agreement shall be governed and construed in accordance with the laws of the state in which the Services are performed. 9. ENTIRE AGREEMENT. This Agreement constitutes the entire agreement between the parties with respect to the subject matter and replaces any prior agreements or understandings, whether in writing or otherwise. This Agreement may not be modified or amended except by written agreement executed by both parties. In the event that any provision of this Agreement is determined to be void, invalid, or unenforceable, the validity and enforceability of the remaining provisions of this Agreement shall not be affected. 10. NOTICE. Any written notice provided under this Agreement may be sent via overnight mail, certified mail, hand delivery or electronic mail with delivery confirmation, to the individuals and addresses listed below. 11. BINDING. This Agreement shall inure to the benefit of and be binding upon the legal representatives and successors of the parties. 12. FUEL/TRANSPORTATION SURCHARGE. Like many other companies that are impacted by the price of gasoline, a rise in gasoline prices may necessitate a fuel surcharge. As such, the Company reserves the right to add a fuel surcharge to Customer's invoice for any increase in the cost of fuel as measured above the same time period in the prior year (by the National U.S. Average Motor Gasoline-Regular Fuel Price per Gallon Index reported by the U.S. Department of Energy). The surcharge may be adjusted monthly (up or down) with the price of gasoline. 13. E-Verify. Solitude Lake Management LLC utilizes the federal E-Verify program in contracts with public employers as required by Florida State law, and acknowledges all the provisions of Florida Statute 448.095 are incorporated herein by reference and hereby certifies it will comply with the same. Competitively Sensitive & Proprietary Materials—The information contained herein is the intellectual property of SOLitude Lake Management. Recipients may not disclose to any outside party any proprietary information, processes, or pricing contained in this document or any of its attachments without the prior written consent of SOLitude Lake Management. This document is provided to the recipient in good faith and it shall be the responsibility of the recipient to keep the information contained herein confidential. 888.480.LAKE(5253) I SOLITUDELAKEMANAGEMENT.COM Services Contract i 6 I 1 AAa4 Heritage Bay CDD(13528)-EB Page 4 of 5 ACCEPTED AND APPROVED: SOLITUDE LAKE MANAGEMENT, LLC. HERITAGE BAY CDD Signature: Signature: `1 Printed Name: Printed Name: Ef t' i� 6 J�7 baF Title: Title: a ,1110"141Q Date: Date: `I I24 Please Remit All Payments to: Customer's Address for Notice Purposes: 1320 Brookwood Drive Suite H Little Rock AR 72202 Please Mail All Contracts to: 1253 Jensen Drive, Suite 103 Virginia Beach, VA 23451 Competitively Sensitive & Proprietary Materials—The information contained herein is the intellectual property of SOLitude Lake Management. Recipients may not disclose to any outside party any proprietary information, processes, or pricing contained in this document or any of its attachments without the prior written consent of SOLitude Lake Management. This document is provided to the recipient in good faith and it shall be the responsibility of the recipient to keep the information contained herein confidential. 888.480.LAKE(5253) SOLITUDELAKEMANAGEMENT.COM Services Contract 1 6 I 1 A 2 A-174 Heritage Bay CDD(13528)-EB Page 5 of 5 SCHEDULE A - SERVICES Carolina Willow Trees Removal Services: 1. Solitude Lake Management will provide labor and materials for the removal of Carolina Willow at Heritage Bay CDD- Lake 4 2. Areas where removal will be conducted are notated in red in the attached map. 3. The removal will not target beneficial littorals. General Qualifications: 1. Company is a licensed pesticide applicator in the state in which service is to be provided. 2. Individual Applicators are Certified Pesticide Applicators in Aquatics, Public Health, Forestry, Right of Way, and Turf/Ornamental as required in the state in which service is to be provided. 3. Company is a SePRO Preferred Applicator and dedicated Steward of Water. Each individual applicator has been trained and educated in the water quality testing and analysis required for prescriptive site-specific water quality management and utilizes an integrated approach that encompasses all aspects of ecologically balanced management. Each applicator has received extensive training in the proper selection, use, and application of all aquatic herbicides, algaecides, adjuvants, and water quality enhancement products necessary to properly treat our Customers' lakes and ponds as part of an overall integrated pest management program. 4. Company guarantees that all products used for treatment are EPA registered and labeled as appropriate and safe for use in lakes, ponds, and other aquatic sites, and are being applied in a manner consistent with their labeling. 5. All pesticide applications made directly to the water or along the shoreline for the control of algae, aquatic weeds, or other aquatic pests as specified in this contract will meet or exceed all of the Company's legal regulatory requirements as set forth by the EPA and related state agencies for NPDES and FIFRA. Company will perform treatments that are consistent with NPDES compliance standards as applicable in and determined by the specific state in which treatments are made. All staff will be fully trained to perform all applications in compliance with all federal, state, and local law. 6. Company will furnish the personnel, vehicles, boats, equipment, materials, and other items required to provide the foregoing at its expense. Competitively Sensitive & Proprietary Materials—The information contained herein is the intellectual property of SOLitude Lake Management. Recipients may not disclose to any outside party any proprietary information, processes, or pricing contained in this document or any of its attachments without the prior written consent of SOLitude Lake Management. This document is provided to the recipient in good faith and it shall be the responsibility of the recipient to keep the information contained herein confidential. 888.480.LAKE(5253) I SOLITUDELAKEMANAGEMENT.COM • : I 4 . •,g7 NI, 4 I 1 Lo .d. v; ....- r \ / , 1 A 4i. ‘••• ' ' ' .. . I ... , t / 1111 ii.. r 4 , • i 1,- ...,„• ,. 9 "41 ' R, r .. - / Ni • ' // I if I ,.., el . ..1C - , tt • 5. i ,Aik.: 4 rit •k Na;a7,A 4 ,1% 9/4161- 1 —- . ...re,. l' •44.4riii I i .t •I,s,......... -Irrtat:6 MS . MR U ... . ...,., • . - 41111Ii` : e• MO.-....•C 1, 7 — .._ . fr .. .... \,...... .. . .." -." 1 P..4 'A', ' -• V ..Z\\\,.. It ' • * * '' ait-- 1. .... ,, r 4; .- - ' ' a..1' .%. ft. . i '`i.ii..,1"0/ .'•ig ...,' i -c.' -,•-• ,,,-;_ '' '. '4%. ..., "'''.t -• ,.. .44. N.,,,,,,s'14.1.1ke‘ tilliiiillhillikk.10. , .. ' ., 4r ",..•.ia'6 N. ..r c•:',.:411111146— 4"... A, s' 0 • IIIIIIIIIIj J: C.) .. , , . . (.1) -6 ., . > , - ,, . - N.. •C • 1., 0 4 fle alf E a..) Not, Ca "I- UJ 0 0 0 8 0 _.. ..le DI .> co 4) 4 co ›—I 0) < 4-1 (13 -0 cts I o 6 i A 2 From: Greg Urbancic<gurbancic@cyklawfirm.com> Sent:Thursday,August 22, 2024 12:29 PM To: Faircloth,Justin<justin.faircloth@inframark.com> Subject: RE: HBCDD-9-5-24 Agenda Follow Up- RE: HBCDD-Inquiry regarding further FEMA action This Message Is From an External Sender This message came from outside your organization. Please use caution when clicking links. Justin- I took a quick look at the bar rules and I do not see a direction prohibition on a contingency arrangement in this context. It would be up to the law firm to make the various disclosures required by the Florida Bar and have an agreement with us for such a contingency fee. We would have to review and make sure the agreement is acceptable. While DLC is closer to federal administrative law practice than me, I think on its face there are going to be some hurdles attempting to sustain a claim including statute of limitations. However,they may feel there are arguments to prevail over this sort of defense. I would just make sure that if a contingency agreement is not acceptable to DLC and the Board intends to pursue notwithstanding, that they understand the potential costs and expenses that they might incur. Greg Gregory L. Urbancic Attorney at Law Coleman,Yovanovich &Koester, P.A. CYK The Northern Trust Building 4001 Tamiami Trail North,Suite 300 COIEMAN I YOVANOV1CH 1 KOESTER Naples, Florida 34103 P:239.435.3535 I F: 239.435.1218 gurbancicccUcyklawfirm.com. Visit cyklawfirm.comr to learn more about us. Both Gregory L. Urbancic and Coleman,Yovanovich&Koester, P.A. intend that this message be used exclusively by the addressee(s). This message may contain information that is privileged, confidential and exempt from disclosure under applicable law. Unauthorized disclosure or use of this information is strictly prohibited. If you have received this communication in error, please permanently dispose of the original message and notify Gregory L. Urbancic immediately at gurbancic(a cyklawfirm.com or(239)435-3535. Thank you. 1 611A 2 FRAUD ALERT----PLEASE DO NOT WIRE ANY FUNDS TO OUR FIRM UNLESS YOU OR THE SENDING BANK HAVE VERIFIED THE WIRING INSTRUCTIONS DIRECTLY WITH OUR FIRM VIA TELEPHONE. From: Faircloth,Justin<11, aip.tditc[ut.i._,`uin.11,1a+i._co, I> Sent:Wednesday,August 21,2024 5:49 PM To: Greg Urbancic< ur kr,1n,:...,::, y..l;is'.i n 1.cow> Subject: HBCDD-9-5-24 Agenda Follow Up- RE: HBCDD-Inquiry regarding further FEMA action Greg, Just circling back with you after our phone conversation about this item. I believe you were going to check with others in your office to see if there was any issue with the District developing an agreement with DLC (or any other firm)where the legal firm would cover the initial costs of any legal work towards this endeavor and if the District was successful they would then compensate the legal firm out of monies collected as a result.Also looking for any other thoughts you might have on pursuing this matter further now that you have had a chance to mull it over a bit. Lookinf forward to hearing your thoughts.Thank you. Sincerely, Justin Justin Faircloth I CAM,CDM I District Manager 6INFRAMARK .vcltA i1Ai3f tURf M ANA(,f Uf NT ..1 V1ff, 239.785.0675 I www.inframarkims.com SUPERVISORS, PLEASE DO NOT REPLY TO ALL AS THIS COULD BE A VIOLATION OF THE FLORIDA SUNSHINE PROVISIONS. CONFIDENTIALITY NOTICE:The information in this email is intended for the sole use of the recipient(s)and may be confidential and subject to protection under the law. If you are not the intended recipient,you are hereby notified that any distribution or copying of this email is strictly prohibited. If you have received this message in error, please contact the sender immediately and delete your copy from your computer. From: Faircloth,Justin Sent:Thursday,August 1,2024 4:42 PM To: Greg Urbancic<gurbancic@cyklawfirm.com> Subject: HBCDD-Inquiry regarding further FEMA action Greg, The attached memo was provided to the Heritage Bay CDD Board and discussed with them at their meeting this morning.The Board requested I reach out to you on your thoughts regarding the District proceeding with further FEMA action based on recent developments with the Supreme Court's decision on the Chevron case.Would you please review and provide me with times we can 1 611A 2 discuss so we can set something up?You are welcome to also just give me a call on my cell at your convenience.Thank you. I have blind copied the Board on this email in an effort to keep everyone informed and to minimize potential communication that could be a violation of the Sunshine provisions. Sincerely, Justin Justin Faircloth I CAM, CDM I District Manager 6INFRAMARK trot d*AST*UCYukt ►aANAGt Mitt 8titvIC1S 239.785.0675 I www.inframarkims.com SUPERVISORS. PLEASE DO NOT REPLY TO ALL AS THIS COULD BE A VIOLATION OF THE FLORIDA SUNSHINE PROVISIONS. CONFIDENTIALITY NOTICE:The information in this email is intended for the sole use of the recipient(s)and may be confidential and subject to protection under the law. If you are not the intended recipient,you are hereby notified that any distribution or copying of this email is strictly prohibited. If you have received this message in error, please contact the sender immediately and delete your copy from your computer. 16 { 1A2 Heritage Bay Community Development District Financial Report July 31, 2024 Prepared by 6INFRAMARK FRA}1NVC!V%L\IANA(.Lf!LN1 SL iVICLS 1 6I 1A 2 HERITAGE BAY Community Development District Table of Contents Page# FINANCIAL STATEMENTS Balance Sheet -All Funds .................................................................................... 1 Statement of Revenues, Expenditures and Changes in Fund Balance GeneralFund .................................................................................... 2-3 DebtService Fund .................................................................................... 4 SUPPORTING SCHEDULES TrendReport .................................................................................... 5-6 Non-Ad Valorem Special Assessments ..................................................................... 7 Cash and Investment Report .................................................................................... 8 BankReconciliation .................................................................................... 9 CheckRegister .................................................................................... 10-11 Invoice .................................................................................... 12-18 1611A2 Heritage Bay Community Development District Financial Statements (Unaudited) July 31, 2024 HERITAGE BAY 1 611 A 2 Community Development District Governmental Funds Balance Sheet July 31, 2024 SERIES 2018 DEBT ACCOUNT DESCRIPTION GENERAL FUND SERVICE FUND TOTAL ASSETS Cash-Checking Account $ 494,999 $ - $ 494,999 Due From Other Funds - 16,581 16,581 Investments: Money Market Account 717,041 - 717,041 Reserve Fund - 392,015 392,015 Revenue Fund - 684,444 684,444 TOTAL ASSETS $ 1,212,040 $ 1,093,040 $ 2,305,080 LIABILITIES Accounts Payable $ 4,094 $ - $ 4,094 Accrued Expenses 9,317 - 9,317 Due To Other Funds 16,581 - 16,581 TOTAL LIABILITIES 29,992 - 29,992 FUND BALANCES Restricted for: Debt Service - 1,093,040 1,093,040 Assigned to: Operating Reserves 101,981 - 101,981 Reserves-Erosion Control 14,687 - 14,687 Reserves-Lakes 361,725 - 361,725 Reserves-Stormwater System 58,675 - 58,675 Unassigned: 644,980 - 644,980 TOTAL FUND BALANCES $ 1,182,048 $ 1,093,040 $ 2,275,088 TOTAL LIABILITIES&FUND BALANCES $ 1,212,040 $ 1,093,040 $ 2,305,080 1 HERITAGE BAY , Community Development District tie+atke Statement of Revenues, Expenditures and Changes in Fund Balances For the Period Ending July 31, 2024 ANNUAL ADOPTED YEAR TO DATE YEAR TO DATE VARIANCE($) ACCOUNT DESCRIPTION BUDGET BUDGET ACTUAL FAV(UNFAV) REVENUES Interest-Investments $ 51,001 $ 42,501 $ 65,412 $ 22,911 Interest-Tax Collector - - 2,399 2,399 Special Assmnts-Tax Collector 505,604 505,604 505,604 - Special Assmnts-Reserves 31,250 31,250 31,250 - Special Assmnts-Discounts (21,474) (21,474) (19,640) 1,834 Other Miscellaneous Revenues - - 32,023 32,023 TOTAL REVENUES 566,382 557,881 617,048 59,167 EXPENDITURES Administration P/R-Board of Supervisors 9,000 7,500 4,400 3,100 FICA Taxes 689 574 337 237 ProfServ-Arbitrage Rebate 600 600 - 600 ProfServ-Dissemination Agent 1,500 1,500 875 625 ProfServ-Engineering 12,000 10,000 2,527 7,473 ProfServ-Legal Services 11,500 9,583 2,718 6,865 ProfServ-Mgmt Consulting 52,078 43,398 43,398 - ProfServ-Property Appraiser 8,053 8,053 8,271 (218) ProfServ-Special Assessment 7,428 7,428 7,212 216 ProfServ-Trustee Fees 8,468 8,468 2,846 5,622 ProfServ-Web Site Maintenance 1,238 1,032 1,035 (3) Auditing Services 5,000 5,000 4,200 800 Website Compliance 1,553 1,294 1,164 130 Postage and Freight 1,000 833 1,836 (1,003) Insurance-General Liability 9,419 9,419 8,936 483 Printing and Binding 1,800 1,500 1,766 (266) Legal Advertising 2,000 1,667 688 979 Misc-Bank Charges 100 83 - 83 Misc-Assessment Collection Cost 10,737 10,737 10,344 393 Misc-Web Hosting 1,500 1,250 - 1,250 Office Supplies 100 83 60 23 Annual District Filing Fee 175 175 175 - Total Administration 145,938 130,177 102,788 27,389 Field ProfServ-Field Management 14,440 12,033 1,203 10,830 R&M-Contingency 100 100 - 100 Total Field 14,540 12,133 1,203 10,930 2 HERITAGE BAY I t Community Development District General Fund Statement of Revenues, Expenditures and Changes in Fund Balances For the Period Ending July 31, 2024 ANNUAL ADOPTED YEAR TO DATE YEAR TO DATE VARIANCE($) ACCOUNT DESCRIPTION BUDGET BUDGET ACTUAL FAV(UNFAV) Lakes and Ponds Contracts-Lake and Wetland 71,200 59,333 56,000 3,333 Contracts-Water Analysis 9,861 8,218 - 8,218 Contracts-Water Quality 20,905 17,421 12,843 4,578 Contracts-Lakes 30A&30B 24,000 20,000 20,000 - Contract-Sediment Testing 5,483 4,569 - 4,569 R&M-Aquascaping 4,175 3,479 - 3,479 R&M-Stormwater System 4,000 3,333 - 3,333 R&M-Lake Erosion 100,000 83,333 97,356 (14,023) R&M-Contingency 7,825 6,521 - 6,521 Reserve-Lakes 140,000 140,000 - 140,000 Reserve-Stormwater System 18,455 18,455 - 18,455 Total Lakes and Ponds 405,904 364,662 186,199 178,463 TOTAL EXPENDITURES 566,382 506,972 290,190 216,782 Excess(deficiency)of revenues Over(under)expenditures - 50,909 326,858 275,949 Net change in fund balance $ - $ 50,909 $ 326,858 $ 275,949 FUND BALANCE,BEGINNING(OCT 1,2023) 855,190 855,190 855,190 FUND BALANCE,ENDING $ 855,190 $ 906,099 $ 1,182,048 3 HERITAGE BAY i 6 1� AA Community Development District Series 2018 Debt Service'Fund Statement of Revenues, Expenditures and Changes in Fund Balances For the Period Ending July 31, 2024 ANNUAL ADOPTED YEAR TO DATE YEAR TO DATE VARIANCE($) ACCOUNT DESCRIPTION BUDGET BUDGET ACTUAL FAV(UNFAV) REVENUES Interest-Investments $ 1,000 $ 833 $ 54,696 $ 53,863 Special Assmnts-Tax Collector 1,689,155 1,689,155 1,689,155 - Special Assmnts-Discounts (67,566) (67,566) (61,795) 5,771 TOTAL REVENUES 1,622,589 1,622,422 1,682,056 59,634 EXPENDITURES Administration ProfServ-Property Appraiser 25,337 25,337 - 25,337 Misc-Assessment Collection Cost 33,783 33,783 32,547 1,236 Total Administration 59,120 59,120 32,547 26,573 Debt Service Principal Debt Retirement 1,115,000 1,115,000 1,110,000 5,000 Principal Prepayments - - 25,000 (25,000) Interest Expense 456,150 456,150 455,725 425 Total Debt Service 1,571,150 1,571,150 1,590,725 (19,575) TOTAL EXPENDITURES 1,630,270 1,630,270 1,623,272 6,998 Excess(deficiency)of revenues Over(under)expenditures (7,681) (7,848) 58,784 66,632 OTHER FINANCING SOURCES(USES) Contribution to(Use of)Fund Balance (7,681) - - - TOTAL FINANCING SOURCES(USES) (7,681) - - - Net change in fund balance $ (7,681) $ (7,848) $ 58,784 $ 66,632 FUND BALANCE,BEGINNING(OCT 1,2023) 1,034,256 1,034,256 1,034,256 FUND BALANCE,ENDING $ 1,026,575 $ 1,026,408 $ 1,093,040 4 1 6 1 1 k 2 I - eeeeee e eeeeeeeeeeeeeeeeeeeeeeo CO • m 0 CO CO Q m - - ,n r 0 c 0 - r N A- V A- CV CO N n a C 0 , a , LO CD CV 0 oT E • m z .., CV rn v o 0 -C. o v0 CO CO LO N CO CO 01 CV- - r CO CO CV A- CO cc; 0. 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C) 0 > N N M ,- CCO O � M W (A CO N 0 O E 'd > N Z f_n Q V 0 •L m Ce a Z Z c a) H cu J ER ER o N E w 1- 1- c o Q a) p M M M M M M M M V• V• V• v v v V- J w O N Q N ) a o N N N N N N N N N N N N N N N J J N tv U) 'CZ O CD O V' co N N O M CO Ln Co N Co �a., JO Q CO m Q V a) U M O N O N \ O O O 0 0 O e- ai tW a re � 0 O N N N O O CO O LO O O CZ) ~ 0 V ri tiT+ o— — N 4 E a F 0 C a) 0_W Ce I U 1 6 I 1 A 2 HERITAGE BAY Community Development District Cash & Investment Report July 31, 2024 ACCOUNT NAME BANK NAME YIELD BALANCE OPERATING FUND Operating Checking Valley National Bank 5.25% $494,999 * Money Market Account BankUnited 5.25% 717,041 Subtotal $1,212,040 DEBT SERVICE AND CAPITAL PROJECT FUNDS Series 2018 Reserve Fund U.S. Bank 4.96% 392,015 Series 2018 Revenue Fund U.S. Bank 4.96% 684,444 Subtotal 1,076,460 Total $2,288,500 *A transfer from GF to DS in the amount of$ 16,581.00 will be on August 2, 2024. 8 Bank Account Statement 1 611 A 7 Heritage Bay CDD Bank Account No. 9050 Statement No. 07-24 Statement Date 07/31/2024 GL Balance(ICY) 494,998.60 Statement Balance 494,998.60 Outstanding Deposits 0.00 GL Balance 494,998.60 Positive Adjustments 0.00 Subtotal 494,998.60 Outstanding Checks 0.00 Subtotal 494,998.60 Ending Balance 494,998.60 Negative Adjustments 0.00 Ending G/L Balance 494,998.60 Document Posting Date Type Document No. Description Amount Cleared Amount Difference Outstanding Deposits Total Outstanding Deposits 9 1 611A2 N M 0 0 M 0 0 M 0 1- 0 0 0 0 0 0 00 o 0 (0 0 p 00 0 O W O N O O O n O Cb O 6- O 0 u) co O fp 00 0 O O 00 O of o M ui o o M ui of o ri ui 1� (•i C c0 cc; 66 O o O ui h 66 0 7 'O M 0 6- M � 6- N PM') b') O N 0 N N O O COO O Of M pNp O CO (0 Up o a 4- V* V, 4- (9 In 4. 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NO N O O N o N o N 0 0 11.1 Y Y Y Y Y Y Y Z W 0 0 0 0 0 0 0 0 0 0 0 0 0 W O W O 0 .- .- W o W o W o o C Z W 2 0 0 0 0 0 0 0 0 0 0 0 0 0 2 0 = 0 = 00 2 0 = 0 = 00 LL 0 0 0 0 0 0 U 0 i611A2 LO % 2 / 2 } / \ \ 7-0 ` ( 2 ; ) § 0 ) 0 \ I 3 G z a NJ- COo o. § G ) CD b § § \ Ci 0 z \ 0 ae111 ee � \ q2 _ 7t. § � / / co 0 2 > A >-. oCNJ E0 \ 0 CD | CV z E / / k E / ' o ) ft / 0_ d z « ± m - e § \ ca co 2 I / / § 0 rc cc 13 2 \ 2 ) ) 10 0 Coleman,Yovanovich & Koester, P.A. Northern Trust Bank Building 4001 Tamiami Trail North, Suite 300 1 611 A 2 Naples, Florida 34103-3556 Telephone: (239)435-3535 Fax: (239)435-1218 Page: 1 Heritage Bay CDD June 12, 2024 do Inframark File No: 6176-001M 210 N. University Dr. Suite 702 Statement No: 105 Coral Springs FL 33071 Attn: Justin Faircloth Gen Rep SENT VIA EMAIL TO: inframark@avidbill.com Previous Balance $1,319.75 Fees Hours 05/16/2024 GLU Review email correspondence from Justin Faircloth on meeting summary 0.10 38.50 MEM Review email correspondence from District Manager; update sidewalk agreement and email correspondence with District Manager regarding same 0.30 75.00 Professional Fees through 06/12/2024 0.40 113.50 Total Current Work 113.50 Payments Total Payments Through 06/12/2024 -192.50 Balance Due (includes previous balance, if any) $1,240.75 12 1611A2 Invoice @ph 500 West Fulton Street Sanford.FL 32771 407.322.6841 Justin Faircloth May 24, 2024 Heritage Bay Community Development District Project No: 201.0S28902.000 C/O INFRAMARK Invoice No: 153280 210 N. University Drive Suite 702 Coral Springs, FL 33071 Meetings&Miscellaneous Services at 10154 Heritage Bay Blvd. Naples, FL-Collier County Professional Services through May 17,2024 Professional Personnel Hours Rate Amount Clerical II .25 60.00 15.00 Principal 1.00 190.00 190.00 1.25 205.00 Total Labor 205.00 Reimbursable Expenses Travel-Mileage 53.60 Telephone-Cell 8.00 Total Reimbursables 61.60 61.60 Total this Invoice $266.60 Billings to Date Current Prior Total Labor 205.00 63,483.75 63,688.75 Expense 61.60 331.57 393.17 Unit 0.00 1,767.40 1,767.40 Totals 266.60 65,582.72 65,849.32 13 1 6 I 1 A 2 Project 201.0S28902.000 INFRAMARK/Heritage Bay; Meeting&Misc Invoice 153280 Billing Backup Tuesday, May28,2024 CPH Consulting, LLC Invoice 153280 Dated 5/24/2024 1:58:04 AM Professional Personnel Hours Rate Amount Clerical II Moore,Andrea 4/8/2024 .25 60.00 15.00 Administration Support Principal Lopez,Albert 5/2/2024 1.00 190.00 190.00 CDD meeting assistance 1.25 205.00 Total Labor 205.00 Reimbursable Expenses Travel-Mileage EX 000000024092 3/21/2024 Lopez,Albert/Mileage 53.60 Telephone-Cell EX 000000024092 3/28/2024 c) Lopez,Albert/AT&T 8.00 Total Reimbursables 61.60 61.60 Total this Project $266.60 Total this Report $266.60 14 p I b11A2 O co 8 00 • 0 0 >,E - 6 M m as o Q N co 05 V a) O j O ,— >:. t co O O O C o L O O O p E co LU C) .0�-- 6Q u Ei Ei T U C v a, 7 0 a a a a a a UU 2 cn a) }+ c o o 0 0 CD 0 0 C v v 66CD Cs] 6vi Cl)V/ U N ,N O 0) 6 6 LO O Q 6 p 6O L O N- f` LU 6 6N N- O N (0 (O O a1:3 12 @OO11 O\ @O\ aa`` M U U .E E E E O o O O T O O O V C O O O co ca co fb 10 N m• 0a . o ❑ F ❑ ❑ 0 0 o m © ❑X 00 0 El ❑X a a) CO co a) U o E 0 U N N 2 O Q I— °� j coct3 0) a) O Cn J C -O C LL U a) j a a) 2 in N 0) o a N j n a N N d (13 O. m In cod 7,2 d d (L1 a_ C M n t X X a) o = E X a) X X co ca OUO0 N a O O O NO O O O O O), CO 0 Nco 4 o ON O NO NN O 0 O p a) coO ' O N O O = CD r— N a O N co o ca o ,— co 2 O o O N '7 • V) N Y O H .- a) V O N O N N M f0 O Q' !D N 'C O N p Y CO M co N W O L o Q V a)� O a) t 07 k O a co _ O > CL CN Q co U M A U O �. 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U O O p O O O O .N CO(° Fr) N N( :) N n a C U W O 'CO- CO ^ CO M CO co CO co M CO M CO CI_ E CO CO 16I1A2 Invoice @pal 500 West Fulton Street Sanford.FL 32771 407-322-6841 Justin Faircloth June 28,2024 Heritage Bay Community Development District Project No: 201.0S28902.000 CIO INFRAMARK Invoice No: 160949 210 N. University Drive Suite 702 Coral Springs, FL 33071 Meetings&Miscellaneous Services at 10154 Heritage Bay Blvd. Naples, FL-Collier County Professional Services through June 21,2024 Professional Personnel Hours Rate Amount Administrative 1.00 75.00 75.00 Clerical II .50 60.00 30.00 Project Engineer 3.25 120.00 390.00 Sr.Environmental Scientist .50 135.00 67.50 5.25 562.50 Total Labor 562.50 Total this Invoice $562.50 Outstanding Invoices Number Date Balance 153280 5/24/2024 266.60 Total 266.60 Billings to Date Current Prior Total Labor 562.50 63,688.75 64,251.25 Expense 0.00 393.17 393.17 Unit 0.00 1,767.40 1,767.40 Totals 562.50 65,849.32 66,411.82 16 1 6 I 1 A 2 Invoice 500 West Fulton Street Sanford.FL 32771 407-322-6841 Justin Faircloth June 28,2024 Heritage Bay Community Development District Project No: 201.0S28902.000 C/O INFRAMARK Invoice No: 160949 210 N. University Drive Suite 702 Coral Springs, FL 33071 Meetings&Miscellaneous Services at 10154 Heritage Bay Blvd. Naples, FL-Collier County Professional Services through June 21,2024 Professional Personnel Hours Rate Amount Administrative 1.00 75.00 75.00 Clerical II .50 60.00 30.00 Project Engineer 3.25 120.00 390.00 Sr. Environmental Scientist .50 135.00 67.50 5.25 562.50 Total Labor 562.50 Total this Invoice $562.50 Outstanding Invoices Number Date Balance 153280 5/24/2024 266.60 Total 266.60 Billings to Date Current Prior Total Labor 562.50 63,688.75 64,251.25 Expense 0.00 393.17 393.17 Unit 0.00 1,767.40 1,767.40 Totals 562.50 65,849.32 66,411.82 17 t bI iA2 Project 201.0S28902.000 INFRAMARK/Heritage Bay; Meeting&Misc Invoice 160949 Billing Backup Tuesday,July 2,2024 CPH Consulting, LLC Invoice 160949 Dated 6/28/2024 2:12:22 PM Professional Personnel Hours Rate Amount Administrative Mahaffey,Skylar 6/18/2024 1.00 75.00 75.00 ERP permit research Clerical II Moore,Andrea 5/29/2024 .50 60.00 30.00 Administrative Support Project Engineer San Juan, Isamar 6/17/2024 .25 120.00 30.00 Meeting-tasks to complete and updates San Juan, Isamar 6/18/2024 1.00 120.00 120.00 heritage bay structures report San Juan, Isamar 6/19/2024 1.00 120.00 120.00 heritage bay structures report San Juan, Isamar 6/21/2024 1.00 120.00 120.00 heritage bay structures report Sr. Environmental Scientist Landers, David 5/2/2024 .50 135.00 67.50 CDD Board meeting to answer questions about March 2024 WQ Monitoring Report 5.25 562.50 Total Labor 562.50 Total this Project $562.50 Total this Report $562.50 18 1 6 , 1A2 N -0 ZS co d u) ig TsN m d i 1 d < a o a a °) a a E E E E c 0 0 o. 0 0 = U U U a o 0 0 0 0 W Ow in LC) o 0 I-- -- O M rn V � CI CO Z n IP ■ ❑ ❑ ❑ ❑ ❑ 1- o 0 el u) o 0 0 0 0 OU o 0 o a; 0 CQp J a, (O W � 00 0 Q a) g r- O to D CD Csi F- 0 e- U LA Q 0 j O O 0 0 CD CD 0 � o O o o O u n o 0 o e- 6 a o (r) Co `' a) 0 N- co ti a cc; • N a) o cf'i Q to O N I- `- Is N Z iA n 0 2 Q NN N NW > o p N N F O N N o 0 oN N o N N N. 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INFRASTRUCTURE MANAGEMENT SERVICES HERITAGE BAY COMMUNITY DEVELOPMENT DISTRICT August 1, 2024 — CDD Meeting Board of Supervisors Edwin Hubbard, Chairman Justin Faircloth, District Manager F. Jack Arcurie, Vice Chairman Gregory L. Urbancic, District Counsel Steven Bachenberg, Assistant Secretary Albert Lopez, District Engineer Allen Soucie, Assistant Secretary Vacant, Assistant Secretary The next meeting is scheduled for Thursday, September 5, 2024 at 9:00 A.M. Deadline for agenda packet submissions is Friday 8/23/24 by noon. Action Items 1. District Manager— Provide the Board an update on the debt service interest. 2. District Manager— Follow up with Mr. Urbancic about pursuing action with FEMA due to the recent Supreme Court decision in the Chevron case. 3. District Manager— Follow up with Inframark management on performance, communication items, and provide a plan for the 9/5/24 meeting. 4. District Manager— Monitor lake 14 interconnects. 5. District Manager— Monitor lake 20 west bank mitigation area for littoral regrowth. 6. District Manager— Have CSEI complete the contract and FY2024 repairs to lakes 4, 6, 15, 19, & 20. 7. District Manger— Have goals and objectives report posted to the District's website by 12/1/2025 as required by HB7013. 8. District Manager—Complete the November 14th quarterly review with Supervisor Arcurie & SOLitude. 9. District Manager/Supervisor Hubbard — Update the Lake Management Assessment list once work is complete. 10. Engineer— Have FY2025 WQ work completed and fall water quality work scheduled with Supervisor Soucie. 11. Engineer—Attend the April 2025 quarterly inspection to complete the requirements adopted by the Board as required by HB7013 at their 7/11/24 meeting. 12. Recording — Publish notices as required for the FY2025 budget public hearings. 13. Recording — Send out notice to owners as planned regarding the FY2025 budget increase. 14. Recording —Advertise the FY2025 meeting schedule and have it posted to the District's website as required. 15. Recording —Add Mr. Hubbard to the distribution list for future agenda packet draft reviews. 16. SOLitude— Ensure all service reports are submitted to the District timely for inclusion in the agenda packet. 17. SOLitude— Provide proposal to clean up the littoral shelf of lake 4 between the 14th green and 15' tee box.