CITYPLACE COMMUNITY DEVELOPMENT
DISTRICT

PALM BEACH COUNTY REGULAR BOARD MEETING MAY 13, 2022
4:00 P.M.

Special District Services, Inc.
The Oaks Center 2501A Burns Road
Palm Beach Gardens, FL 33410

www.cityplacecdd.org 561.630.4922 Telephone 877.SDS.4922 Toll Free 561.630.4923 Facsimile

AGENDA
CITYPLACE COMMUNITY DEVELOPMENT DISTRICT
Chamber of Commerce of the Palm Beaches 401 North Flagler Drive
West Palm Beach, Florida 33401 SPECIAL BOARD MEETING May 13, 2022
4:00 p.m.

Call to Order
Proof of Publication…	Page 1
Establish Quorum
Additions or Deletions to Agenda
Comments from the Public for Items Not on the Agenda
Approval of Minutes
September 24, 2021 Regular Board Meeting & Public Hearing…	Page 2
Old Business
New Business
Consider Resolution No. 2022-01 – Adopting a Fiscal Year 2021/2022 Proposed Budget.	Page 6
Administrative Matters
Board Members Comments
Adjourn

Page 1

CITYPLACE COMMUNITY DEVELOPMENT DISTRICT REGULAR BOARD MEETING & PUBLIC HEARING
September 24, 2021

CALL TO ORDER

District Manager Michael McElligott called the September 24, 2021, Regular Board Meeting of the CityPlace Community Development District to order at 4:05 pm at the Chamber of Commerce of the Palm Beaches, 401 North Flagler Drive, West Palm Beach, Florida, 33401.

PROOF OF PUBLICATION

Proof of publication was presented that notice of the Regular Board Meeting had been published in The Palm Beach Post on September 3, 2021, and September 10, 2021, as legally required.

ESTABLISH A QUORUM

It was determined that the attendance of Chair Dennis Grady, and Supervisors Ken Tuma and Stephen Travers constituted a quorum, and it was in order to proceed with the meeting.

Staff in attendance were District Manager Michael McElligott from Special District Services, Inc. and District Counsel Bill Capko of Lewis Longman & Walker, P.A.

ADDITIONS OR DELETIONS TO THE AGENDA

There were no additions or deletions to the agenda.

COMMENTS FROM THE PUBLIC FOR ITEMS NOT ON THE AGENDA

There were no comments from the public for items not on the agenda.

APPROVAL OF MINUTES
May 24, 2021, Regular Board Meeting

Mr. McElligott presented the minutes of the May 24, 2021, Regular Board Meeting and without changes, Mr. Travers moved, and Mr. Tuma seconded that the minutes of the May 24, 2021, Regular Board Meeting be approved, as presented. The motion carried 3-0.

OLD BUSINESS

There was no old business.

NEW BUSINESS
Consider Resolution No. 2021-03 – Amending Public Hearing Date for Final Budget

CITYPLACE COMMUNITY DEVELOPMENT DISTRICT REGULAR BOARD MEETING & PUBLIC HEARING
September 24, 2021

Mr. McElligott introduced Resolution No. 2021-03, entitled:

RESOLUTION NO. 2021-03

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE CITYPLACE COMMUNITY DEVELOPMENT DISTRICT REGARDING THE PROPOSED BUDGET FOR FISCAL YEAR 2021/2022; AMENDING RESOLUTION NO. 2021- 01 BY AMENDING THE PUBLIC HEARING DATE FOR PUBLIC COMMENTAND FINAL ADOPTION OF THE FISCAL YEAR 2021/2022 FINAL BUDGET AND NON-AD VALOREM SPECIAL ASSESSMENTS; AND PROVIDED AN EFFECTIVE DATE.

Mr. McElligott explained that this resolution was necessary due to having to change the originally approved public hearing date set forth by the Board at the previous meeting. After a brief discussion, Mr. Tuma moved approval of Resolution No. 2021-03 as presented, Mr. Travers seconded, and the motion carried 3-0.

Consider Resolution No. 2021-04 – Adopting a Fiscal Year 2021/2022 Meeting Schedule

Mr. McElligott introduced Resolution No. 2021-04, entitled:

RESOLUTION NO. 2021-04

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE CITYPLACE COMMUNITY DEVELOPMENT DISTRICT, ESTABLISHING A REGULAR MEETING SCHEDULE FOR FISCAL YEAR 2021/2022 AND SETTING THE TIME AND LOCATION OF SAID DISTRICT MEETINGS; AND PROVIDED AN EFFECTIVE DATE.

Mr. McElligott presented the proposed 2021/2022 meeting schedule. After a brief discussion, Mr. Tuma moved approval of Resolution No. 2021-04 as presented, Mr. Grady seconded, and the motion carried 3-0.

Consider Resolution No. 2021-05 – Adopting a Fiscal year 2020/2021 Amended Budget
Mr. McElligott introduced Resolution No. 2021-05, entitled:

RESOLUTION NO. 2021-05

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE CITYPLACE	COMMUNITY	DEVELOPMENT	DISTRICT AUTHORIZING AND ADOPTING AN AMENDED FINAL FISCAL YEAR

CITYPLACE COMMUNITY DEVELOPMENT DISTRICT REGULAR BOARD MEETING & PUBLIC HEARING
September 24, 2021

2020/2021 BUDGET (“AMENDED BUDGET”), PURSUANT TO CHAPTER
189, FLORIDA STATUTES; AND PROVIDING AN EFFECTIVE DATE.

Mr. McElligott presented the 2020/2021 Amended Budget. After a brief discussion, Mr. Tuma moved
approval of Resolution No. 2021-05 as presented, Mr. Travers seconded, and the motion carried 3-0.

Consider Ratification of the Publix Zoning Support Letter
Mr. McElligott presented a letter of support for Publix Zoning that had been requested prior to the Board meeting. Mr. McElligott explained that this is similar in form to previous support letters the Board had approved, and that District Attorney Mr. Capko had reviewed the letter prior issuance.

After a brief discussion, Mr. Travers moved to approve the ratification of the Publix Zoning Support Letter as presented, Mr. Tuma seconded, and the motion carried 3-0.

Public Hearing

The Public Hearing was opened at 4:12 pm.

Proof of Publication
Mr. McElligott opened the public hearing and provided proof of publication that the Public Hearing had been published in The Palm Beach Post on July 23, 2021, and July 30, 2020, as legally required.

Receive Public Comment on Fiscal Year 2021/2022 Final Budget
Mr. McElligott presented the budget after which there was no public comment.

Consider Resolution No. 2021-06 – Adopting a Fiscal Year 2021/2022 Final Budget
Mr. McElligott introduced Resolution No. 2021-06, entitled:

RESOLUTION NO. 2021-06

A RESOLUTION OF THE CITYPLACE COMMUNITY DEVELOPMENT DISTRIC ADOPTING A FISCAL YEAR 2021/2022 BUDGET.

After a brief discussion by the Board, Mr. Tuma moved approval of Resolution No. 2021-06, as presented, seconded by Mr. Grady. The motion carried 3-0.

The Public Hearing was closed at 4:15 pm.

ADMINISTRATIVE MATTERS

CITYPLACE COMMUNITY DEVELOPMENT DISTRICT REGULAR BOARD MEETING & PUBLIC HEARING
September 24, 2021

There were no additional administrative matters.

BOARD MEMBER COMMENTS

There was discussion among the Board for the need to fill the Board vacancy to help with getting quorums.
.

ADJOURNMENT

There being no further business to come before the Board, the Regular Board Meeting was adjourned at 4:17 pm. on a motion from Mr. Tuma, seconded by Mr. Grady and the motion carried 3-0.

Secretary/Assistant Secretary	Chair/Vice-Chair

RESOLUTION NO. 2022-01

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE CITYPLACE COMMUNITY DEVELOPMENT DISTRICT APPROVING A PROPOSED BUDGET FOR FISCAL YEAR 2022/2023; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the Board of Supervisors (“Board”) of the CityPlace Community Development District (“District”) is required by Chapter 190.008, Florida Statutes, to approve a Proposed Budget for each fiscal year; and,

WHEREAS, the Proposed Budget including the Assessments for Fiscal Year 2022/2023 has been prepared and considered by the Board.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE CITYPLACE COMMUNITY DEVELOPMENT DISTRICT THAT:

Section 1.  The Proposed Budget including the Assessments for Fiscal Year 2022/2023 attached hereto as Exhibit “A” is approved and adopted.

Section 2.	A Public Hearing is hereby scheduled for 	, 2022 at 4:00 p.m.  in the Chamber of Commerce of the Palm Beaches, 401 North Flagler Drive, West Palm Beach, Florida 33401, for the purpose of receiving public comments on the Proposed Fiscal Year 2022/2023 Budget.

PASSED, ADOPTED and EFFECTIVE this 13th day of May, 2022.

ATTEST:	CITYPLACE
COMMUNITY DEVELOPMENT DISTRICT

By:			By:		 Secretary/Assistant Secretary			Chairman/Vice Chairman

CityPlace Community Development District

Proposed Budget For Fiscal Year 2022/2023
October 1, 2022 - September 30, 2023

CONTENTS

PROPOSED BUDGET

DETAILED PROPOSED BUDGET

DETAILED PROPOSED DEBT SERVICE FUND BUDGET (2012) IV	DETAILED PROPOSED DEBT SERVICE FUND BUDGET (2018)

PROPOSED BUDGET
CITYPLACE COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2022/2023
OCTOBER 1, 2022 - SEPTEMBER 30, 2023

REVENUES	
FISCAL YEAR 2022/2023
BUDGET	
A   m  t - A m  t t v 	   92	
     v   F 	       	
A   m t -   t 	2 2 2 	
     v 	         	
Sp     m t   v 	 8 	
  t    m 	      	
T   t CA   mb  m t	 2 9 	
Oth   m 	 	
 t  t   m 	 	
TOTAL REVENUES	$	8,905,322	
		
EXPENDITURES		
ADMINISTRATIVE/MAINTENANCE EXPENDITURES		
S p v  F 	     	
    T    mp 	   	
           	     	
    m  t F 	 2 92	
     	 8 	
A  t F 	 8 	
A b t   b t F 	     	
      -  b  t 	  9 	
      - 	       	
    A v t 	     	
   S v  Ch 	 2 	
             	     	
  t 	2 	
Off  S pp 	   	
D   S b  pt 	   	
T  t  F 	      	
C t    D     F 	2 	
W b t    m  t	2 	
      S      t 	       	
TOTAL ADMINISTRATIVE/MAINTENCE EXPENDITURES	$	801,392	
		
Palladium CDD Property		
MAINTENANCE EXPENDITURES		
     p 	 92 	
A m  t t v 	 2 	
       	       	
  f     F 	2 	
S  p    C 	       	
 t  t 	       	
         	       	
    p  A    t 	 2 9 	
C t  t  S v 	       	
 p      t 	       	
S   t 	 9 	
   t 	       	
    m  t F 	2 	
  z CDD  p t 		
  z  t t  m t	2 	
S 	2 	
TOTAL MAINTENANCE EXPENDITURES	$	8,103,930	
		
TOTAL EXPENDITURES	$	8,905,322	
		
EXCESS/ (S ORTFALL)	$	-	

DETAILED PROPOSED BUDGET
CITYPLACE COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2022/2023
OCTOBER 1, 2022 - SEPTEMBER 30, 2023

REVENUES	
FISCAL YEAR 2020/2021
ACTUAL	
FISCAL YEAR 2021/2022
BUDGET	
FISCAL YEAR 2022/2023
BUDGET	

COMMENTS	
A   m t - A m  t t v 	   8 8	 8 2 	   92	CDD  p  t         v   F    t  t	
     v   F 	29 	288 222	       	     v   F    m t	
A   m t -   t 	   29 	2 2 2 	2 2 2 	  Ch   F m 2 2 /2 22   t	
     v 	         	         	         	  Ch   F m 2 2 /2 22   t	
Sp     m t   v 	 	 8 	 8 	  Ch   F m 2 2 /2 22   t	
  t   m 	   	      	      	  Ch   F m 2 2 /2 22   t	
T  t CA   mb  m t	   8 	 2 9 	 2 9 	  Ch   F m 2 2 /2 22   t	
Oth    m 	 	 	 		
 t  t   m 	 8	 8 	 	   t  At       th	
TOTAL REVENUES	$	5,502,068	$	8,776,598	$	8,905,322		
					
EXPENDITURES					
ADMINISTRATIVE/MAINTENANCE EXPENDITURES					
S p v   F 	 2 	     	     	   t  At F v   t     Y 	
    T    mp 	92	   	   	    t  At 8 Of S p v   F 	
           	 	     	     	  Ch   F m 2 2 /2 22   t	
    m  t F 	      	  9 8	 2 92	C  A  tm t	
     	2 	      	 8 	FY 2 /22  p  t  Th  h / /22 W 	
A  t F 	     	     	 8 	A  pt  Am  t F  FY 2 2 /2 22 A  t	
A b t    b t F 	     	     	     	  Ch   F m 2 2 /2 22   t	
      -  b t 	  2 	      	  9 	      t m t 	
      - 	 2  9	2 	       	      t m t 	
   A v t 	2  9	     	     	  Ch   F m 2 2 /2 22   t	
   S v  Ch 	   	 2 	 2 	  Ch   F m 2 2 /2 22   t	
             	2 	     	     	  Ch   F m 2 2 /2 22   t	
  t 	   	2 	2 	  Ch   F m 2 2 /2 22   t	
Off  S pp 	 9	   	   	  Ch   F m 2 2 /2 22   t	
D   S b  pt 	   	   	   	  Ch   F m 2 2 /2 22   t	
T  t  F 	9 	 2 	      	 2   D    F m 2 2 /2 22   t	
C t    D     F 	     	2 	2 	   D    F m 2 2 /2 22   t	
W b t     m t	2 	2 	2 	  Ch   F m 2 2 /2 22   t	
      S       t 	2 	       	       	FY 2 /22  p  t  Th  h / /22 W 	
TOTAL ADMINISTRATIVE/MAINTENCE EXPENDITURES	$	674,860	$	672,668	$	801,392		
					
Palladium CDD Property					
MAINTENANCE EXPENDITURES					
      p 	         	2 	 92 	     D    F m 2 2 /2 22   t	
A m  t t v 	2  882	       	 2 	 2   D    F m 2 2 /2 22   t	
       	       	       	       	         F m 2 2 /2 22   t	
  f     F 	   8	29 	2 	 2   D    F m 2 2 /2 22   t	
S  p     C 	   29	       	       	 8   D    F m 2 2 /2 22   t	
 t t 	 8  8	       	       	 2   D    F m 2 2 /2 22   t	
         	      	       	       	  Ch   F m 2 2 /2 22   t	
    p  A    t 	9 	 9 9 	 2 9 	 2   D    F m 2 2 /2 22   t	
C t  t  S v 	  2 	       	       	     D    F m 2 2 /2 22   t	
 p      t 	      	 8 	       	     D    F m 2 2 /2 22   t	
S   t 	 2  2	2 	 9 	     D    F m 2 2 /2 22   t	
   t 	 92  8	       	       	 2        F m 2 2 /2 22   t	
    m  t F 	2 	2 	2 	  Ch   F m 2 2 /2 22   t	
  z CDD  p t 					
  z  t t  m t	9  8	2 	2 	 2   D    F m 2 2 /2 22   t	
S 	9 	2 	2 	  Ch   F m 2 2 /2 22   t	
TOTAL MAINTENANCE EXPENDITURES	$	5,035,695	$	8,103,930	$	8,103,930		
					
TOTAL EXPENDITURES	$	5,710,555	$	8,776,598	$	8,905,322		
					
EXCESS/ (S ORTFALL)	$	(208,487)	$	-	$	-		

DETAILED PROPOSED DEBT SERVICE FUND (SERIES 2012) BUDGET
CITYPLACE COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2022/2023
OCTOBER 1, 2022 - SEPTEMBER 30, 2023

REVENUES	
FISCAL YEAR

2020/2021

ACTUAL	
FISCAL YEAR

2021/2022

BUDGET	
FISCAL YEAR

2022/2023

BUDGET	

COMMENTS	

 t  t   m 	
 9 	

    t   t  t F  2 22/2 2 	

T    m t   v 	
  9  22	
  9  22	
   9 	
    t  2 2 T F - 2 22 T F W     9 	

D v  p  C t b t 	

 	
T F    t  T      Th      m t 	

Total Revenues	
$	4,495,216	
$	4,494,722	
$	4,558,065		

EXPENDITURES					

   p   m t 	
  9 	

   p   m t D   2 2 	

 t  t  m t 	
  9 2 	
8 	
  2 	
 t  t  m  t D   2 2 	

     v   F    m t	
29 	
288 222	
  8 	

 t m t     D bt C   t  D  T     F 	

Total Expenditures	
$	4,575,707	
$	4,494,722	
$	4,558,065		

Excess/ (Shortfall)	
$	(80,491)	
$	-	
$	-		

Series 2012 Bond Refunding Information

O      Am  t =	 9 89 	A      p   m t D  =	    t	
 t  t  t =	 . 	A    t  t  m  t D  =	    t   v mb  t	
    D t =
  t  t D t =	Ap  2 2
   2 2 			

   Am  t A Of / /22 =	
 8 			

DETAILED PROPOSED DEBT SERVICE FUND (SERIES 2018) BUDGET
CITYPLACE COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2022/2023
OCTOBER 1, 2022 - SEPTEMBER 30, 2023

REVENUES	
FISCAL YEAR

2020/2021

ACTUAL	
FISCAL YEAR

2021/2022

BUDGET	
FISCAL YEAR

2022/2023

BUDGET	

COMMENTS	

 t  t   m 	

 	
    t   t  t F  2 22/2 2 	

T    m t   v 	

 	
T F F  S   2 8 W  C mm    2 2 	

D v  p  C t b t 	

 		

Total Revenues	
$	-	
$	-	
$	-		

EXPENDITURES					

   p   m t 	

 	
     p   m t D   2 2 	

 t  t  m t 	

 	
   t  t  m  t D   2 2 	

     v   F    m t	

 	

 t m t     D bt C   t  D  T     F 	

Total Expenditures	
$	-	
$	-	
$	-		

Excess/ (Shortfall)	
$	-	
$	-	
$	-		

Series 2018 Bond Principal & Interest Payments Will Commence In 2026 When Bond Converts In 2026, New Principal Amount Will Be $56,420,000

Series 2018 Bond Information
O      Am  t =	  9 	A      p   m t D  =	    t	
 t  t  t =	 .  - . 	A    t  t  m  t D  =	    t   v mb   t	
    D t =
  t  t D t =	 v mb  2 8
   2 			

   Am  t A Of / /22 =	
  9