CITYPLACE COMMUNITY DEVELOPMENT
DISTRICT

PALM BEACH COUNTY Regular Board Meeting & Public Hearing September 16, 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
REGULAR BOARD MEETING & PUBLIC HEARING
September 16, 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
May 13, 2022 Special Board Meeting…	Page 2
Old Business
New Business
Consider Resolution No. 2022-02 – Resetting Public Hearing Date to Adopt Fiscal
Year 2022/2023 Final Budget…	Page 4
Consider Resolution No. 2022-03 – Adopting a Fiscal Year 2022/2023 Meeting Schedule…	Page 5
Consider Resolution No. 2022-04 – Adopting a Fiscal Year 2021/2022 Amended Budget…	Page 7
Discussion Regarding Expenses
Public Hearing
Proof of Publication…	Page 13
Receive Public Comments on Fiscal Year 2022/2023 Final Budget
Consider Resolution No. 2022-05 – Adopting a Fiscal Year 2022/2023 Final Budget…	Page 14
Administrative Matters
Announce Landowners’ Meeting – November 4, 2022
Board Members Comments
Adjourn

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Page 1

CITYPLACE COMMUNITY DEVELOPMENT DISTRICT REGULAR BOARD MEETING
MAY 13, 2022

CALL TO ORDER

District Manager Michael McElligott called the May 13, 2022, Regular Board Meeting of the CityPlace Community Development District to order at 4:09 p.m. at the Chamber of Commerce of the Palm Beaches located at 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 May 3, 2022, 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 was District Manager Michael McElligott from Special District Services, Inc., and District Counsel Bill Capko of Lewis Longman & Walker, P.A., by phone.

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
September 24, 2021, Regular Board Meeting & Public Hearing

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

OLD BUSINESS

There was no old business.

NEW BUSINESS

CITYPLACE COMMUNITY DEVELOPMENT DISTRICT REGULAR BOARD MEETING
MAY 13, 2022

Consider Resolution No. 2022-01 – Adopting a Fiscal year 2022/2023 Proposed Budget

Mr. McElligott introduced Resolution No. 2022-01, entitled:

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.

Mr. McElligott presented the 2022/2023 Proposed Budget. After a brief discussion, Mr. Travers made a motion to approve Resolution No. 2022-01 as presented and set the Public Hearing date for the Final Budget to be August 19, 2022, at 4pm, Mr. Tuma seconded, and the motion carried 3-0.

ADMINISTRATIVE MATTERS

Mr. McElligott reminded everyone of the Form 1 coming due.

BOARD MEMBER COMMENTS

There were no board comments.

ADJOURNMENT

There being no further business to come before the Board, the Regular Board Meeting was adjourned at 4:16 p.m. on a motion from Mr. Tuma, seconded by Mr. Travers and the motion carried 3-0.

Secretary/Assistant Secretary	Chair/Vice-Chair

RESOLUTION NO. 2022-02

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE CITYPLACE COMMUNITY DEVELOPMENT DISTRICT AMENDING RESOLUTION NO. 2022-01; AMENDING THE DATE AND TIME FOR THE PUBLIC HEARING TO CONSIDER THE FISCAL YEAR 2022/2023 FINAL BUDGET AND ASSESSMENTS AND AUTHORIZING THE SECRETARY AND DISTRICT MANAGER TO TAKE CERTAIN ACTIONS TO ACCOMPLISH THE INTENT OF THIS RESOLUTION; AND PROVIDING AN EFFECTIVE DATE.

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

WHEREAS, the Board previously adopted Resolution 2022-01 approving a proposed budget and setting a public hearing for August 19, 2022; and

WHEREAS, due to the unforeseen inability of the Board to secure a quorum for the scheduled public hearing, said public hearing had to be re-advertised and rescheduled; and

WHEREAS, the public hearing has been rescheduled for September 16, 2022, and all other requirements and filings associated with the preparation of the fiscal year budget have been completed.

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

Resolution No. 2022-01 is hereby amended to change the date and time of the Public Hearing to September 16, 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.

The Secretary of the District is authorized to execute any and all necessary transmittals, certifications or other acknowledgements or writings, as necessary, to comply with all applicable notice requirements.

PASSED, ADOPTED and EFFECTIVE this 16th day of September, 2022.

ATTEST:		CENTURY GARDENS VILLAGE COMMUNITY DEVELOPMENT DISTRICT

By:			By:	 Secretary/Assistant Secretary			Chairperson/Vice Chairperson

RESOLUTION NO. 2022-03

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE CITYPLACE COMMUNITY DEVELOPMENT DISTRICT, ESTABLISHING A REGULAR MEETING SCHEDULE FOR FISCAL YEAR 2022/2023 AND SETTING THE TIME AND LOCATION OF SAID DISTRICT MEETINGS; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, it is necessary for the CityPlace Community Development District ("District") to establish a regular meeting schedule for fiscal year 2022/2023; and

WHEREAS, the Board of Supervisors of the District has set a regular meeting schedule, location and time for District meetings for fiscal year 2022/2023 which is attached hereto and made a part hereof as Exhibit “A”.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE CITYPLACE COMMUNITY DEVELOPMENT DISTRICT, PALM BEACH COUNTY, FLORIDA, AS FOLLOWS:

Section 1.   The above recitals are hereby adopted.

Section 2.  The regular meeting schedule, time and location for meetings for fiscal year 2022/2023 which is attached hereto as Exhibit “A” is hereby adopted and authorized to be published.

PASSED, ADOPTED and EFFECTIVE this 16th day of September, 2022.

ATTEST:	CITYPLACE
COMMUNITY DEVELOPMENT DISTRICT

By:			By:		 Secretary/Assistant Secretary			Chairperson/Vice Chairperson

CITYPLACE COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2022/2023 REGULAR MEETING SCHEDULE
NOTICE IS HEREBY GIVEN that the Board of Supervisors of the City Place Community Development District will hold Regular Meetings in the Conference Room of The Chamber of Commerce of the Palm Beaches, 401 North Flagler Drive, West Palm Beach, Florida 33401 at 4:00 p.m. on the following dates:

November 4, 2022
February 3, 2023
May 5, 2023
August 4, 2023

The purpose of the meetings is to conduct any and all business coming before the Board. Meetings are open to the public and will be conducted in accordance with the provisions of Florida law. Copies of the Agenda for any of the meetings may be obtained from the District’s website or by contacting the District Manager at (561) 630-4922 and/or toll free at 1-877-737-4922.

From time to time one or more Supervisors may participate by telephone; therefore a speaker telephone will be present at the meeting location so that Supervisors may be fully informed of the discussions taking place. Meetings may be continued as found necessary to a time and place specified on the record.

If any person decides to appeal any decision made with respect to any matter considered at these meetings, such person will need a record of the proceedings and such person may need to insure that a verbatim record of the proceedings is made at his or her own expense and which record includes the testimony and evidence on which the appeal is based.

In accordance with the provisions of the Americans with Disabilities Act, any person requiring special accommodations or an interpreter to participate at any of these meetings should contact the District Manager at (561) 630-4922 and/or toll-free at 1-877-737-4922 at least seven (7) days prior to the date of the particular meeting.

Meetings may be cancelled from time to time without advertised notice.

CITYPLACE COMMUNITY DEVELOPMENT DISTRICT

www.cityplacecdd.org

PUBLISH: THE PALM BEACH POST	00/00/22

RESOLUTION NO. 2022-04

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE CITYPLACE COMMUNITY DEVELOPMENT DISTRICT AUTHORIZING AND ADOPTING AN AMENDED FINAL FISCAL YEAR 2021/2022 BUDGET (“AMENDED BUDGET”), PURSUANT TO CHAPTER 189, FLORIDA STATUTES; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the Board of Supervisors of the CityPlace Community Development District (“District”) is empowered to provide a funding source and to impose special assessments upon the properties within the District; and,

WHEREAS, the District has prepared for consideration and approval an Amended Budget.

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

Section 1.  The Amended Budget for Fiscal Year 2021/2022 attached hereto as Exhibit “A” is hereby approved and adopted.

Section 2.  The Secretary/Assistant Secretary of the District is authorized to execute any and all necessary transmittals, certifications or other acknowledgements or writings, as necessary, to comply with the intent of this Resolution.

PASSED, ADOPTED and EFFECTIVE this 16th day of September, 2022.

ATTEST:	CITYPLACE
COMMUNITY DEVELOPMENT DISTRICT

By:			By:		 Secretary/Assistant Secretary			Chairperson/Vice Chairperson

City Place Community Development District

Amended Final Budget For Fiscal Year 2021/2022
October 1, 2021- September 30, 2022

CONTENTS

AMENDED FINAL OPERATING FUND BUDGET

AMENDED FINAL DEBT SERVICE FUND BUDGET - SERIES 2012

AMENDED FINAL DEBT SERVICE FUND BUDGET - SERIES 2018

AMENDED FINAL BUDGET
CITY PLACE COMMUNITY DEVELOPMENT DISTRICT OPERATING FUND
FISCAL YEAR 2021/2022 OCTOBER 1, 2021 - SEPTEMBER 30, 2022

REVENUES	FISCAL YEAR 2021/2022 BUDGET
10/1/21 - /30/22	AMENDED FINAL BUDGET
10/1/21 - /30/22	YEAR TO DATE ACTUAL
10/1/21 - 8/31/22	
Assessments - Administrative	384,266	488,000	275,845	
Assessments - Maintenance	2,242,570	3,263,855	3,263,855	
ParNing 5evenue	5,045,160	7,567,740	7,567,740	
Sponsor & Promotion	108,300	162,450	162,450	
5ental Income	45,000	67,500	67,500	
7enant CAM 5eimEursement	662,900	 4,350	994,350	
([cess 5evenue Funds	288,222	353,601	353,601	
Interest Income	180	105	103	
				
TOTAL REVENUES	 	8,776,5 8	 	12,8 7,601	 	12,685,444	
				
EXPENDITURES				
ADMINISTRATIVE EXPENDITURES				
Supervisor Fees	5,000	3,000	0	
Payroll 7a[es - (mployer	400	240	0	
(ngineering	5,000	2,500	0	
Management Fee	40,968	40, 68	37,554	
Legal	40,000	20,000	7,324	
Audit Fees	6,700	6,700	6,700	
ArEitrage 5eEate Fee	1,300	1,300	1,300	
Insurance	252,000	400,000	323,724	
Legal Advertising	1,750	1,750	444	
BanN Service CKarges	425	400	295	
Miscellanous	1,500	750	302	
Postage	250	100	51	
Office Supplies	700	700	600	
Dues & SuEscriptions	175	175	175	
7rustee Fees	12,000	8,722	8,722	
Continuing Disclosure Fee	2,500	1,000	0	
:eEsite Management	2,000	2,000	1,833	
5oadZay & SideZalN Maintenance	300,000	350,000	225,874	
TOTAL ADMINISTRATIVE EXPENDITURES	 	672,668	 	840,305	 	614,8 8	
				
MAINTENANCE EXPENDITURES				
Palladium CDD Property				
ParNing ([pense	2,000,000	3,000,000	3,000,000	
Administrative	350,000	525,000	525,000	
Payroll	613,500	 20,250	920,250	
Professional Fees	295,000	442,500	442,500	
SZeeping and Cleaning	450,000	675,000	675,000	
8tilities	775,000	1,162,500	1,162,500	
Insurance	165,000	247,500	247,500	
Landscaping & Irrigation	197,900	2 6,850	296,850	
Contracted Services	170,000	255,000	255,000	
5epairs & Maintenance	185,000	277,500	277,500	
Security	2,000,000	3,000,000	3,000,000	
MarNeting	400,000	600,000	600,000	
Management Fee	200,000	200,000	200,000	
Plaza CDD Property				
Plaza (ntertainment	275,000	412,500	412,500	
Signage	27,530	41,2 5	41,295	
				
TOTAL MAINTENANCE EXPENDITURES	 	8,103, 30	 	12,055,8 5	 	12,055,8 5	
				
TOTAL EXPENDITURES	 	8,776,5 8	 	12,8 6,200	 	12,670,7 3	
				
EXCESS/ S+ORTFALL 	 	-	 	1,401	 	14,651	

Fund Balance As Of 9/30/2021	
FY 2021/2022 Activity	
Fund Balance As Of 9/30/2022	

$178,664	
$1,401	
$180,065	

Note
Maintenance (Non-Management) Line Items Are Allocated At 150 Percent Of Fiscal Year 2021/2022 Budget.

AMENDED FINAL BUDGET
CITY PLACE COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND - SERIES 2012
FISCAL YEAR 2021/2022 OCTOBER 1, 2021 - SEPTEMBER 30, 2022

REVENUES	FISCAL YEAR 2021/2022 BUDGET 10/1/21 - 9/30/22	AMENDED FINAL BUDGET
10/1/21 - 9/30/22	YEAR TO DATE ACTUAL
10/1/21 - 8/31/22	
Interest Income	100	11,800	11,303	
Tax Incremental Revenues	4,494,622	4,557,965	4,557,965	
Tax Coverage Revenues	0	3,139,492	3,139,492	
Developer Contributions	0	0	0	
Total Revenues	$	4,494,722	$	7,709,257	$	7,708,760	
				
EXPENDITURES				
Principal Payments (2012)	3,360,000	3,360,000	3,360,000	
Interest Payments (2012)	846,500	930,500	930,500	
Bond Redemption	0	0	0	
Excess Coverage Revenues Fund Payment	0	3,140,150	3,140,150	
Excess Revenue Fund Payment	288,222	353,601	353,601	
Total Expenditures	$	4,494,722	$	7,784,251	$	7,784,251	
				
Excess/ (SKortfall)	$	-	$	 74,994 	$	(75,491)	

FUND BALANCE AS OF 9/30/21	
FY 2021/2022 ACTIVITY	
FUND BALANCE AS OF 9/30/22	

$4,673,291	
($74,994)	
$4,598,297	

Notes
Reserve Fund Balance = $4,207,875*. Revenue Fund Balance = $390,422*.
Revenue Fund Balance To Be Used To Make 11/1/2022 Interest Payment Of $381,250.
* Approximate Amounts

Series 2012 Refunding Bonds Information		
Original Par Amount =	$39,890,000	Annual Principal Payments Due:	
Interest Rate =	5.00%	May 1st	
Issue Date =	April 2012	Annual Interest Payments Due:	
Maturity Date =	May 2026	May 1st & November 1st	
Par Amount As Of 8/31/22 =	$15,250,000		

AMENDED FINAL BUDGET
CITY PLACE COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND - SERIES 2018
FISCAL YEAR 2021/2022 OCTOBER 1, 2021 - SEPTEMBER 30, 2022

REVENUES	FISCAL YEAR 2021/2022 BUDGET 10/1/21 - 9/30/22	AMENDED FINAL BUDGET
10/1/21 - 9/30/22	YEAR TO DATE ACTUAL
10/1/21 - 8/31/22	
Interest Income	0	0	0	
Miscellaneous Income	0	0	0	
Tax Incremental Revenues	0	0	0	
Tax Coverage Revenues	0	0	0	
Developer Contributions	0	0	0	
Total Revenues	$	-	$	-	$	-	
				
EXPENDITURES				
Principal Payments (2018)	0	0	0	
Interest Payments (2018)	0	0	0	
Bond Redemption	0	0	0	
Excess Coverage Revenues Fund Payment	0	0	0	
Excess Revenue Fund Payment	0	0	0	
Total Expenditures	$	-	$	-	$	-	
				
Excess/ SKortfall 	$	-	$	-	$	-	

FUND BALANCE AS OF 9/30/21	
FY 2021/2022 ACTIVITY	
FUND BALANCE AS OF 9/30/22	

$1	
$0	
$1	

Notes
Reserve Fund Balance = $1
Fiscal Year 2018/2019 Capital Projects Fund Proceeds = $41,954,466 Fiscal Year 2018/2019 Capital Outlays = $19,381,594
Fiscal Year 2019/2020 Capital Outlays = $16,473,676 Fiscal Year 2020/2021 Capital Outlays = $3,106,925
Projected Fiscal Year 2021/2022 Capital Outlays = $2,000,000*
* Approximate Amount

Series 2018 Bond Principal & Interest Payments Will Commence In 2026

Series 2018 Bond Information		
Original Par Amount =	$41,954,466	Annual Principal Payments Due:	
Interest Rate =	3.65% - 4.5%	May 1st	
Issue Date =	November 2018	Annual Interest Payments Due:	
Maturity Date =	May 2046	May 1st & November 1st	
Par Amount As Of 8/31/22 =	$41,954,466		

Note: Total Series 2018 Bond (Including Compounded Interest) = $56,420,000.

	  b  o e  o a e   o a o 

MisceIaneousNotices
PubIishedinThePaIm BeachPostonAugust26,202

Loeat on
PaIm BeachCounty,

Not eText
NoticeofPubIicHearingand ReguIarBoardMeetingofthe CityPIaceCommunity
DeveIopmentDistrict
TheBoardof       upervisors(theBoard)oftheCityPIaceCommunityDeveIopmentDistrict(theDistrict)wiIhoIdaPubIic
HearingandReguIarBoardMeeting(Meetings)on eptember16,202,at4 0p.m.,orassonthereafterascanbeheard, intheConferenceR om ofTheChamberofCommerceofthePaIm BeachesIocatedat401NorthFIagIerDrive,destPaIm Beach,FIorida 3401.
ThepurposeofthePubIicHearingistoreceivepubIiccommentontheFiscaIYear202/2023ProposedFinaIBudgetofthe  District.ThepurposeoftheReguIarBoardMeetingisfortheBoardtoconsideranybusineswhichmayproperIycome
beforeit.AcopyoftheBudgetand/ortheAgendamaybeobtainedfrom theDistrictswebsiteora theoficesofthe DistrictManager, peciaIDistrict ervices,Inc.,2501ABurnsRoad,PaIm BeachGardens,FIorida 3410,duringnormaI
busineshours.TheMeetingsareopentothepubIicandwiIbeconductedinacordancewiththeprovisionsofFIoridaIaw forcommunitydeveIopmentdistricts.MeetingsmaybecontinuedasfoundnecesarytoatimeandpIacespecifiedonthe record.
Theremaybeocasionswhenoneormore upervisorswiIparticipatebyteIephone therefore,aspea erteIephonewiIbe presenta themeetingIocationsothat upervisorsmaybefuIyinformedofthediscusionsta ingpIace.
InacordancewiththeprovisionsoftheAmericanswithDisabiIitiesAct,anypersonrequiringspeciaIacommodationsoran interpretertoparticipatea thesemeetingsshouIdcontactheDistrictManagerat(561)630-492and/ortoI-freat1-87- 737-492,atIeastseven(7)dayspriortothedateofthemeeting.
Ifanypersondecidestoa peaIanydecisionmadewithrespectoanymaterconsidereda thisPubIicHearingandReguIar BoardMeeting,suchpersonwiInedarecordoftheprocedingsandsuchpersonmaynedtoensurethataverbatim
recordoftheprocedingsismadea theirowne  penseandwhichrecordincIudesthetestimonyandevidenceonwhichthe apeaIisbased.
MeetingsmaybecanceIedfrom   timetotimewithoutadvertisednotice.
CityPIaceCommunityDeveIopmentDistrict www.citypIacecd.org
8/26/2&9/2/27681250

RESOLUTION NO. 2022-05

A RESOLUTION OF THE CITYPLACE COMMUNITY DEVELOPMENT DISTRICT ADOPTING A FISCAL YEAR 2022/2023 BUDGET.

WHEREAS, the CityPlace Community Development District (“District”) has prepared a Proposed Budget and Final Special Assessment Roll for Fiscal Year 2022/2023 and has held a duly advertised Public Hearing to receive public comments on the Proposed Budget and Final Special Assessment Roll; and,

WHEREAS, following the Public Hearing and the adoption of the Proposed Budget and Final Assessment Roll, the District is now authorized to levy non ad-valorem assessments upon the properties within the District.

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

Section 1.	The Final Budget and Final Special Assessment Roll for Fiscal Year 2022/2023 attached hereto as Exhibit “A” is approved and adopted, and the assessments set forth therein shall be levied.

Section 2.	The Secretary of the District is authorized to execute any and all necessary transmittals, certifications or other acknowledgements or writings, as necessary, to comply with the intent of this Resolution.

PASSED, ADOPTED and EFFECTIVE this 16th day of September, 2022.

ATTEST:	CITYPLACE
COMMUNITY DEVELOPMENT DISTRICT

By:			By:		 Secretary/Assistant Secretary			Chairperson/Vice Chairperson

CityPlace Community Development District

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

CONTENTS

FINAL BUDGET

DETAILED FINAL BUDGET

DETAILED FINAL DEBT SERVICE FUND BUDGET (2012)

DETAILED FINAL DEBT SERVICE FUND BUDGET (2018)

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

REVENUES	
FISCAL YEAR 2022/2023
BUDGET	
Assessments - Administrative	501,392	
([cess Revenue Funds	300,000	
Assessments - Maintenance	2,242,570	
ParNing Revenue	5,045,160	
Sponsor & Promotion Revenue	108,300	
Rental ncome	45,000	
Tenant CAM Reimbursement	662,900	
Other ncome	0	
 nterest ncome	0	
TOTAL REVENUES	$	8,905,322	
		
EXPENDITURES		
ADMINISTRATIVE/MAINTENANCE EXPENDITURES		
Supervisor Fees	5,000	
Payroll Ta[es (mployer 	400	
(ngineering	5,000	
Management Fee	42,192	
/egal	38,000	
Audit Fees	6,800	
Arbitrage Rebate Fee	1,300	
 nsurance - /iability	53,900	
 nsurance - *arages	330,000	
/egal Advertising	1,750	
%anN Service Charges	425	
Miscellaneous	1,500	
Postage	250	
Office Supplies	700	
Dues & Subscriptions	175	
Trustee Fees	10,000	
Continuing Disclosure Fee	2,000	
Website Management	2,000	
Roadway & SidewalN Maintenance	300,000	
TOTAL ADMINISTRATIVE/MAINTENCE EXPENDITURES	$	801,392	
		
Palladium CDD Property		
MAINTENANCE EXPENDITURES		
ParNing ([penses	1,925,000	
Administrative	325,000	
Payroll	763,500	
Professional Fees	270,000	
Sweeping and Cleaning	370,000	
8tilities	750,000	
 nsurance	165,000	
/andscaping And rrigation	172,900	
Contracted Services	160,000	
Repairs & Maintenance	175,000	
Security	1,950,000	
MarNeting	600,000	
Management Fee	200,000	
Plaza CDD Property		
Plaza (ntertainment	250,000	
Signage	27,530	
TOTAL MAINTENANCE EXPENDITURES	$	8,103,930	
		
TOTAL EXPENDITURES	$	8,905,322	
		
EXCESS/ (S+ORTFALL)	$	-	

DETAILED FINAL 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	
Assessments - Administrative	175,848	384,266	501,392	CDD Expenditures Less Excess Revenue Funds & nterest	
Excess Revenue Funds	290,457	288,222	300,000	Excess Revenue Funds Payment	
Assessments - Maintenance	1,313,291	2,242,570	2,242,570	No Change From 2021/2022 Budget	
ParNing Revenue	3,576,167	5,045,160	5,045,160	No Change From 2021/2022 Budget	
Sponsor & Promotion Revenue	0	108,300	108,300	No Change From 2021/2022 Budget	
Rental ncome	364	45,000	45,000	No Change From 2021/2022 Budget	
Tenant CAM Reimbursement	145,873	662,900	662,900	No Change From 2021/2022 Budget	
Other ncome	0	0	0		
 nterest ncome	68	180	0	Projected At $15 Per Month	
TOTAL REVENUES	$	5,502,068	$	8,776,598	$	8,905,322		
					
EXPENDITURES					
ADMINISTRATIVE/MAINTENANCE EXPENDITURES					
Supervisor Fees	1,200	5,000	5,000	Projected At Five Meetings Per Year	
Payroll Taxes Employer 	92	400	400	Projected At 8 Of Supervisor Fees	
Engineering	0	5,000	5,000	No Change From 2021/2022 Budget	
Management Fee	40,404	40,968	42,192	CP Adjustment	
Legal	23,053	40,000	38,000	FY 21/22 Expenditure Through 3/31/22 Was $4,711	
Audit Fees	6,600	6,700	6,800	Accepted Amount For FY 2021/2022 Audit	
Arbitrage Rebate Fee	1,300	1,300	1,300	No Change From 2021/2022 Budget	
 nsurance - Liability	46,260	47,000	53,900	 nsurance Estimate	
 nsurance - Garages	327,069	205,000	330,000	 nsurance Estimate	
Legal Advertising	2,019	1,750	1,750	No Change From 2021/2022 Budget	
BanN Service Charges	333	425	425	No Change From 2021/2022 Budget	
Miscellaneous	275	1,500	1,500	No Change From 2021/2022 Budget	
Postage	105	250	250	No Change From 2021/2022 Budget	
Office Supplies	449	700	700	No Change From 2021/2022 Budget	
Dues & Subscriptions	175	175	175	No Change From 2021/2022 Budget	
Trustee Fees	9,361	12,000	10,000	$2,000 Decrease From 2021/2022 Budget	
Continuing Disclosure Fee	1,000	2,500	2,000	$500 Decrease From 2021/2022 Budget	
Website Management	2,000	2,000	2,000	No Change From 2021/2022 Budget	
Roadway & SidewalN Maintenance	213,165	300,000	300,000	FY 21/22 Expenditure Through 4/30/22 Was $141,106	
TOTAL ADMINISTRATIVE/MAINTENCE EXPENDITURES	$	674,860	$	672,668	$	801,392		
					
Palladium CDD Property					
MAINTENANCE EXPENDITURES					
ParNing Expenses	1,373,713	2,000,000	1,925,000	$75,000 Decrease From 2021/2022 Budget	
Administrative	205,882	350,000	325,000	$25,000 Decrease From 2021/2022 Budget	
Payroll	750,364	613,500	763,500	$150,000 ncrease From 2021/2022 Budget	
Professional Fees	134,408	295,000	270,000	$25,000 Decrease From 2021/2022 Budget	
Sweeping and Cleaning	101,429	450,000	370,000	$80,000 Decrease From 2021/2022 Budget	
8tilities	608,178	775,000	750,000	$25,000 Decrease From 2021/2022 Budget	
 nsurance	55,461	165,000	165,000	No Change From 2021/2022 Budget	
Landscaping And rrigation	91,150	197,900	172,900	$25,000 Decrease From 2021/2022 Budget	
Contracted Services	43,253	170,000	160,000	$10,000 Decrease From 2021/2022 Budget	
Repairs & Maintenance	56,135	185,000	175,000	$10,000 Decrease From 2021/2022 Budget	
Security	723,132	2,000,000	1,950,000	$50,000 Decrease From 2021/2022 Budget	
MarNeting	592,168	400,000	600,000	$200,000 ncrease From 2021/2022 Budget	
Management Fee	200,000	200,000	200,000	No Change From 2021/2022 Budget	
Plaza CDD Property					
Plaza Entertainment	91,378	275,000	250,000	$25,000 Decrease From 2021/2022 Budget	
Signage	9,044	27,530	27,530	No Change From 2021/2022 Budget	
TOTAL MAINTENANCE EXPENDITURES	$	5,035,695	$	8,103,930	$	8,103,930		
					
TOTAL EXPENDITURES	$	5,710,555	$	8,776,598	$	8,905,322		
					
EXCESS/ (SHORTFALL)	$	(208,487)	$	-	$	-		

DETAILED FINAL 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	

 nterest ncome	
594	
100	
100	
Projected nterest For 2022/2023	

Tax ncremental Revenues	
4,494,622	
4,494,622	
4,557,965	
Projected 2023 T F - 2022 T F Was $4,557,965	

Developer Contributions	
0	
0	
0	
T F Projected To Be More Than P& Payments	

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

EXPENDITURES					

Principal Payments	
3,195,000	
3,360,000	
3,530,000	
Principal Payment Due n 2023	

 nterest Payments	
1,090,250	
846,500	
674,250	
 nterest Payments Due n 2023	

Excess Revenue Funds Payment	
290,457	
288,222	
353,815	

Estimated Excess Debt Collections Due To General Fund	

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

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

Series 2012 Bond Refunding Information

Original Par Amount =	$39,890,000	Annual Principal Payments Due =	May 1st	
 nterest Rate =	5.00%	Annual nterest Payments Due =	May 1st & November 1st	
 ssue Date = Maturity Date =	April 2012
May 2026			
Par Amount As Of 1/1/22 =	$18,610,000			

DETAILED FINAL 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	

 nterest ncome	

0	

0	

0	

Projected nterest For 2022/2023	

Tax ncremental Revenues	

0	

0	

0	

T F For Series 2018 Will Commence n 2026	

Developer Contributions	

0	

0	

0		

Total Revenues	

$	-	

$	-	

$	-		

EXPENDITURES					

Principal Payments	

0	

0	

0	

No Principal Payment Due n 2023	

 nterest Payments	

0	

0	

0	

No nterest Payment Due n 2023	

Excess Revenue Funds Payment	

0	

0	

0	

Estimated Excess Debt Collections Due To General Fund	

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
Original Par Amount =	$41,954,466	Annual Principal Payments Due =	May 1st	
 nterest Rate =	3.65% - 4.5%	Annual nterest Payments Due =	May 1st & November 1st	
 ssue Date = Maturity Date =	November 2018
May 2046			

Par Amount As Of 1/1/22 =	
$41,954,466