CITYPLACE COMMUNITY DEVELOPMENT
DISTRICT

PALM BEACH COUNTY REGULAR BOARD MEETING OCTOBER 23, 2023
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
360 S. Rosemary Avenue, Suite 1100 West Palm Beach, Florida 33401 REGULAR BOARD MEETING
October 23, 2023
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
August 23, 2023 Regular Board Meeting & Public Hearing…	Page 2
Old Business
New Business
Consider Resolution No. 2023-07 – Adopting a Fiscal Year 2022/2023 Amended Budget…	Page 6
Administrative Matters
Board Members Comments
Adjourn

Publication Date 2023-10-13

Subcategory Miscellaneous Notices

CITYPLACE COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2023/2024 REGULAR MEETING SCHEDULE
NOTICE IS HEREBY GIVEN that the Board of Supervisors of the City Place CommunityDevelopment District will hold Regular Meetings in the Conference Room of Lewis Longman &Walker, P.A., 360 S. Rosemary Avenue, Suite 1100, West Palm Beach, Florida 33401.at 4:00 p.m.on the following dates:
October 23, 2023
February 2, 2024
May 10, 2024
August 2, 2024
The purpose of the meetings is to conduct any and all business coming before the Board. Meetingsare 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 Districts website or bycontacting 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 speakertelephone will be present at the meeting location so that Supervisors may be fully informed of thediscussions taking place.
Meetings may be continued as found necessary to a time and placespecifled on the record.
If any person decides to appeal any decision made with respect to any matter considered at thesemeetings, such person will need a record of the proceedings and such person may need to insurethat a verbatim record of the proceedings is made at his or her own expense and which recordincludes the testimony and evidence on which the appeal is based.
In accordance with the provisions of the Americans with Disabilities Act, any person requiringspecial accommodations or an interpreter to participate at any of these meetings should contact theDistrict Manager at (561) 630-4922 and/or toll-free at 1-877-737-4922 at least seven (7) days priorto the date of the particular meeting.
Meetings may be cancelled from time to time without advertised notice. CITYPLACE COMMUNITY
DEVELOPMENT DISTRICT
www.cityplacecdd.org 10/13/23 9388474

Page 1

CITYPLACE COMMUNITY DEVELOPMENT DISTRICT REGULAR BOARD MEETING & PUBLIC HEARING
August 14, 2023

CALL TO ORDER

District Manager Michael McElligott called the August 14, 2023, Regular Board Meeting of the CityPlace Community Development District to order at 4:15 pm at the offices of Lewis Longman & Walker, P.A at 360 S Rosemary Avenue, suite 1100, 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 July 25, 2023, and August 1, 2023, as legally required.

ESTABLISH A QUORUM

It was determined that the attendance of Chair Dennis Grady, and Supervisors Ken Tuma, Stephen Travers, and Wendy Link 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
June 12, 2023, Regular Board Meeting

Mr. McElligott presented the minutes of the June 12, 2023, Regular Board Meeting and without changes, Mrs. Link moved, and Mr. Tuma seconded that the minutes of the June 12, 2023, Regular Board Meeting be approved, as presented. The motion carried 4-0.

Public Hearing

The Public Hearing was opened at 4:19 pm.

Proof of Publication

CITYPLACE COMMUNITY DEVELOPMENT DISTRICT REGULAR BOARD MEETING & PUBLIC HEARING
August 14, 2023

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 25, 2023, and August 1, 2023, as legally required.

Receive Public Comment on Fiscal Year 2022/2023 Final Budget
Mr. McElligott presented the budget after which there was no public comment.

Consider Resolution No. 2023-04 – Adopting a Fiscal Year 2023/2024 Final Budget
Mr. McElligott introduced Resolution No. 2023-04, entitled:

RESOLUTION NO. 2023-04

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

Mr. McElligott gave an overview of the budget. During the Board discussion it was determined the O&M assessments would not be going on the tax bill this year. As a result, Mr. Travers moved approval of Resolution No. 2023-04, as amended removing the county collection fees and discounts, seconded by Mr. Tuma. The motion carried 4-0.

OLD BUSINESS

There was no old business.

NEW BUSINESS

Consider Appointment to Board Vacancy

Mr. Travers made a motion to nominate Mr. Mark Pratt, the COO of One Parking, to fill vacant Board seat # 3. There was a second by Mr. Tuma. The motion passed 4-0.

Since Mr. Pratt was not able to be in attendance, he will be sat at the first meeting he attends.

Consider Approval of Funding Agreement Between District and Developer

Mr. Capko explained the funding agreement. He explained that this would be used as a templet that will allow the Board to use future excess funds on projects when the funds are available.

After a discussion among the Board, Mr. Tuma made a motion, with a second by Mr. Travers, to approve the Funding Agreement as presented. The motion passed 4-0.

CITYPLACE COMMUNITY DEVELOPMENT DISTRICT REGULAR BOARD MEETING & PUBLIC HEARING
August 14, 2023

Consider Resolution No. 2023-05 – Adopting a Fiscal Year 2023/2024 Meeting Schedule

Mr. McElligott introduced Resolution No. 2023-05, entitled:

RESOLUTION NO. 2023-05

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE CITYPLACE COMMUNITY DEVELOPMENT DISTRICT, ESTABLISHING A REGULAR MEETING SCHEDULE FOR FISCAL YEAR 2023/2024 AND SETTING THE TIME AND LOCATION OF SAID DISTRICT MEETINGS; AND PROVIDED AN EFFECTIVE DATE.

Mr. McElligott presented the proposed 2023/2024 meeting schedule. After looking at the dates, there was a request to change the meeting scheduled for 11-3-2023 to 10-23-2023. Mr. Tuma then moved approval of Resolution No. 2023-05 as amended, removing the 11-3-2023 date and adding a 10-23-23 date at the same location and time as the other meetings. Mrs. Link seconded, and the motion carried 4- 0.

Consider Resolution No. 2023-06 – Adopting a Records Retention Policy
Mr. McElligott introduced Resolution No. 2022-04, entitled:

RESOLUTION NO. 2023-05

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE CITYPLACE COMMUNITY DEVELOPMENT DISTRICT PROVIDING FOR THE APPOINTMENT OF A RECORDS MANAGEMENT LIAISON OFFICER; PROVIDING THE DUTIES OF THE RECORDS MANAGEMENT LIAISON OFFICER; ADOPTING A RECORDS RETENTION POLICY; DETERMINING THE ELECTRONIC RECORD TO BE THE OFFICIAL RECORD; PROVIDING FOR SEVERABILITY AND PROVIDING AN EFFECTIVE DATE.

Mr. McElligott and Mr. Capko explained that there was a change to the Florida Statues regarding records retention and this resolution certifies the Boards decision on the matter. After a brief discussion, Mr. Tuma moved approval of Resolution No. 2023-06 as presented, appointing Special District Services, Inc. as the Records Management Liaison Officer, and adopting the electronic record as the official record of the District. Mrs. Link seconded, and the motion carried 4-0.

Discussion Regarding Required Ethics Training

CITYPLACE COMMUNITY DEVELOPMENT DISTRICT REGULAR BOARD MEETING & PUBLIC HEARING
August 14, 2023

Mr. McElligott and Mr. Capko explained that they have updated the current ethics training requirement for elected officials in Florida to include special districts like City Place CDD going forward. As a result, starting next year, all Board members will have to complete 4 hours of ethics training each year. There is a spot on your Form 1 you will need to check confirming you have done your ethics training. Mr. McElligott stated that they are currently looking into class offerings that will meet the requirement. He will come back to the Board with suggestions on where to take the 4-hour class at a later date.

Discussion Regarding District Boundary Change

Mr. Capko gave an update on the initial draft of the boundary change. Mr. Capko reminded the Board that they previously approved the Boundary change, and he is updating the Board on the progress. There is no further action for the Board at this time.

ADMINISTRATIVE MATTERS

There were no other administrative matters.

BOARD MEMBER COMMENTS

There were no Board member comments.
.

ADJOURNMENT

There being no further business to come before the Board, the Regular Board Meeting was adjourned at 4:40 pm. on a motion from Mrs. Link, seconded by Mr. Tuma, and the motion carried 4-0.

Secretary/Assistant Secretary	Chair/Vice-Chair

RESOLUTION NO. 2023-07

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE CITYPLACE COMMUNITY DEVELOPMENT DISTRICT AUTHORIZING AND ADOPTING AN AMENDED FINAL FISCAL YEAR 2022/2023 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 2022/2023 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 23rd day of October, 2023.

ATTEST:	CITYPLACE
COMMUNITY DEVELOPMENT DISTRICT

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

City Place Community Development District

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

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 2022/2023 OCTOBER 1, 2022 - SEPTEMBER 30, 2023

REVENUES	FISCAL YEAR 2022/2023 BUDGET
10/1/22 - 9/30/23	AMENDED FINAL BUDGET
10/1/22 - 9/30/23	YEAR TO DATE ACTUAL
10/1/22 - 9/29/23	
Assessments - Administrative	501,392	475,000	100,000	
([cess Revenue Funds	300,000	996,195	996,195	
Assessments - Maintenance	2,242,570	3,263,855	0	
ParNing Revenue	5,045,160	7,567,740	0	
Sponsor & Promotion	108,300	162,450	0	
Rental Income	45,000	67,500	0	
Tenant CAM Reimbursement	662,900	994,350	0	
Interest Income	0	1,055	1,005	
				
TOTAL REVENUES	$	8,905,322	$	13,528,145	$	1,097,200	
				
EXPENDITURES				
ADMINISTRATIVE EXPENDITURES				
Supervisor Fees	5,000	2,200	2,200	
Payroll Ta[es - (mployer	400	168	168	
(ngineering	5,000	1,000	0	
Management Fee	42,192	42,192	42,192	
Legal	38,000	65,000	61,311	
Audit Fees	6,800	6,800	6,800	
Arbitrage Rebate Fee	1,300	1,300	1,300	
Insurance - Liability	53,900	51,470	51,470	
Insurance - *arages	330,000	375,000	0	
Legal Advertising	1,750	2,600	2,228	
BanN Service CKarges	425	350	304	
Miscellanous	1,500	750	357	
Postage	250	125	109	
Office Supplies	700	1,300	1,256	
Oues & Subscriptions	175	175	175	
Trustee Fees	10,000	8,050	8,050	
Continuing Oisclosure Fee	2,000	1,000	1,000	
:ebsite Management	2,000	2,000	2,000	
Roadway & SidewalN Maintenance	300,000	300,000	265,717	
Appraisal Fee	0	3,750	3,750	
TOTAL ADMINISTRATIVE EXPENDITURES	$	801,392	$	865,230	$	450,387	
				
MAINTENANCE EXPENDITURES				
Palladium COO Property				
ParNing ([pense	1,925,000	2,887,500	0	
Administrative	325,000	487,500	0	
Payroll	763,500	1,145,250	0	
Professional Fees	270,000	405,000	0	
Sweeping and Cleaning	370,000	555,000	0	
8tilities	750,000	1,125,000	0	
Insurance	165,000	247,500	0	
Landscaping & Irrigation	172,900	259,350	0	
Contracted Services	160,000	240,000	0	
Repairs & Maintenance	175,000	262,500	0	
Security	1,950,000	2,925,000	0	
MarNeting	600,000	900,000	0	
Management Fee	200,000	200,000	0	
Plaza COO Property				
Plaza (ntertainment	250,000	375,000	0	
Signage	27,530	41,295	0	
				
TOTAL MAINTENANCE EXPENDITURES	$	8,103,930	$	12,055,895	$	-	
				
TOTAL EXPENDITURES	$	8,905,322	$	12,921,125	$	450,387	
				
EXCESS/ S+ORTFALL 	$	-	$	607,020	$	646,813	

Fund Balance As Of 9/30/2022	
FY 2022/2023 Activity	
Fund Balance As Of 9/30/2023	

$150,547	
$607,020	
$757,567	

Note
Maintenance (Non-Management) Line Items Are Allocated At 150 Percent Of Fiscal Year 2022/2023 Budget.

AMENDED FINAL BUDGET
CITY PLACE COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND - SERIES 2012
FISCAL YEAR 2022/2023 OCTOBER 1, 2022 - SEPTEMBER 30, 2023

REVENUES	FISCAL YEAR 2022/2023 BUDGET 10/1/22 - 9/30/23	AMENDED FINAL BUDGET
10/1/22 - 9/30/23	YEAR TO DATE ACTUAL
10/1/22 - 9/29/23	
Interest Income	100	244,739	244,639	
Tax Incremental Revenues	4,557,965	5,032,968	5,032,968	
Tax Coverage Revenues	0	3,237,962	3,237,962	
Oeveloper Contributions	0	0	0	
Total Revenues	$	4,558,065	$	8,515,669	$	8,515,569	
				
EXPENOITURES				
Principal Payments (2012)	3,530,000	3,530,000	3,530,000	
Interest Payments (2012)	674,250	762,500	762,500	
Bond Redemption	0	0	0	
Excess Coverage Revenues Fund Payment	0	3,270,784	3,270,784	
Excess Revenue Fund Payment	353,815	996,195	996,195	
Total Expenditures	$	4,558,065	$	8,559,479	$	8,559,479	
				
Excess/ (SKortfall)	$	-	$	 43,810 	$	(43,910)	

FUNO BALANCE AS OF 9/30/22	
FY 2022/2023 ACTIVITY	
FUNO BALANCE AS OF 9/30/23	

$4,610,000	
($43,810)	
$4,566,190	

Notes
Reserve Fund Balance = $4,207,875*. Revenue Fund Balance = $358,315*.
Revenue Fund Balance To Be Used To Make 11/1/2023 Interest Payment Of $293,000.
* Approximate Amounts

Series 2012 Refunding Bonds Information		
Original Par Amount =	$39,890,000	Annual Principal Payments Oue:	
Interest Rate =	5.00%	May 1st	
Issue Oate =	April 2012	Annual Interest Payments Oue:	
Maturity Oate =	May 2026	May 1st & November 1st	
Par Amount As Of 9/30/23 =	$11,720,000		

AMENDED FINAL BUDGET
CITY PLACE COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND - SERIES 2018
FISCAL YEAR 2022/2023 OCTOBER 1, 2022 - SEPTEMBER 30, 2023

REVENUES	FISCAL YEAR 2022/2023 BUDGET 10/1/22 - 9/30/23	AMENDED FINAL BUDGET
10/1/22 - 9/30/23	YEAR TO DATE ACTUAL
10/1/22 - 9/29/23	
Interest Income	0	0	0	
Miscellaneous Income	0	0	0	
Tax Incremental Revenues	0	0	0	
Tax Coverage Revenues	0	0	0	
Oeveloper 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 	$	-	$	-	$	-	

FUNO BALANCE AS OF 9/30/22	
FY 2022/2023 ACTIVITY	
FUNO BALANCE AS OF 9/30/23	

$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 Fiscal Year 2021/2022 Capital Outlays = $406,633 Fiscal Year 2022/2023 Capital Outlays = $0
* 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 Oue:	
Interest Rate =	3.65% - 4.5%	May 1st	
Issue Oate =	November 2018	Annual Interest Payments Oue:	
Maturity Oate =	May 2046	May 1st & November 1st	
Par Amount As Of 9/30/23 =	$41,954,466		

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