CITYPLACE COMMUNITY DEVELOPMENT
DISTRICT

PALM BEACH COUNTY REGULAR BOARD MEETING OCTOBER 27, 2025
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
Conference Room of RELATED ROSS 360 S. Rosemary Avenue, Suite 1100 West Palm Beach, Florida 33401 REGULAR BOARD MEETING
October 27, 2025
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
July 21, 2025 Regular Board Meeting & Public Hearing Minutes…	Page 2
Old Business
Update Regarding D Deck Easement Agreement
Update Regarding Commercial Uses in the Plaza
New Business
Consider Resolution No. 2025-04 – Adopting a Fiscal Year 2024/2025 Amended Budget…	Page 5
Consider Resolution No. 2025-05 – Goals and Objectives Annual Report…	Page 11
Consider Letter of Approval for City of Verizon Work in CDD Right of Way…	Page 14
Consider Changes to CDD Banking
Administrative Matters
Board Member Comments
Adjourn

Publication Date 2025-10-17

Subcategory Miscellaneous Notices

CITYPLACE COMMUNITY DEVELOPMENT DISTRICT
FISCAL YEAR 2025/2026 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 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 27, 2025
January 26, 2026
May 4, 2026
July 27, 2026
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 Districts 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 ensure 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 No.11752935 Oct. 17, 2025

Page 1

CITYPLACE COMMUNITY DEVELOPMENT DISTRICT REGULAR BOARD MEETING & PUBLIC HEARING JULY 21, 2025

CALL TO ORDER

District Manager Michael McElligott called the July 21, 2025, Regular Board Meeting of the CityPlace Community Development District to order at 4:04 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 1, 2025, and July 8, 2025, as legally required.

ESTABLISH A QUORUM

It was determined that the attendance of Chair Dennis Grady, and Supervisors Wendy Link, 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.
Also in attendance were Hale Johnson and Andrew Tamaccio with Related Ross, and Toni Cave with Regions Bank.

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
Toni Cave with Regions Bank, the district’s current operating account Bank, introduced herself and went over options for possible changes in the current district’s account setup. The Boards direction was to have Staff work with Mrs. Cave on best possible changes.
APPROVAL OF MINUTES
June 18, 2025, Regular Board Meeting
Mr. McElligott presented the minutes of the June 18, 2025, Regular Board Meeting and without changes, Mrs. Link moved, and Mr. Grady seconded that the minutes of the June 18, 2025, Regular Board Meeting be approved, as presented. The motion carried 3-0.

Public Hearing

CITYPLACE COMMUNITY DEVELOPMENT DISTRICT REGULAR BOARD MEETING & PUBLIC HEARING JULY 21, 2025

The Public Hearing was opened at 4:06 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 1, 2025, and July 8, 2025, as legally required.

Receive Public Comment on Fiscal Year 2025/2026 Final Budget
Mr. McElligott presented the budget after which there was no public comment.

Consider Resolution No. 2025-02 – Adopting a Fiscal Year 2025/2026 Final Budget
Mr. McElligott introduced Resolution No. 2025-02, entitled:

RESOLUTION NO. 2025-02

A RESOLUTION OF THE CITYPLACE COMMUNITY DEVELOPMENT DISTRIC ADOPTING A FISCAL YEAR 2025/2026 BUDGET.

Mr. McElligott gave an overview of the budget. Mr. McElligott explained that they were expecting higher excess revenues than in prior years and it was determined that the O&M assessments would not be going on the tax bill this year. After a brief discussion, Mrs. Link moved approval of Resolution No. 2025-02, as presented, seconded by Mr. Travers. The motion carried 3-0.
OLD BUSINESS
Update Regarding D Deck Easement Agreement
Mr. Capko stated that there are no new updates since last meeting. The document is still circulating in draft form.
NEW BUSINESS
Consider Resolution No. 2024-03 – Adopting a Fiscal Year 2025/2026 Meeting Schedule
Mr. McElligott introduced Resolution No. 2025-03, entitled:
RESOLUTION NO. 2025-03
A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE CITYPLACE COMMUNITY DEVELOPMENT DISTRICT, ESTABLISHING A REGULAR MEETING SCHEDULE FOR FISCAL YEAR 2025/2026 AND SETTING THE

CITYPLACE COMMUNITY DEVELOPMENT DISTRICT REGULAR BOARD MEETING & PUBLIC HEARING JULY 21, 2025

TIME AND LOCATION OF SAID DISTRICT MEETINGS; AND PROVIDED AN EFFECTIVE DATE.

Mr. McElligott presented the proposed 2025/2026 meeting schedule. After looking at the dates, there were no suggested changes. Mr. Travers then moved approval of Resolution No. 2025-03 as presented, with a second from Mrs. Link. The motion carried 3-0.

Discussion Regarding Commercial Uses in the Plaza
Mr. Johnson explained that that the developer is looking to place kiosk in the district and is looking to do possible leases in the plaza and garage. Mr. Capko went over the licensing and leasing agreement process, and that those would need to come to the Board at a future date for final approval.

There was a motion by Mr. Travers, with a second from Mr. Grady, to allow the Developer and District Attorney to work on licensing and/or leasing agreements that would come back to the Board at a future date for approval. The motion passed 3-0.

ADMINISTRATIVE MATTERS
Mr. McElligott noted that the previously scheduled July 28, 2025, meeting has been cancelled.
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 4:20 pm. on a motion from Mr. Grady, seconded by Mrs. Link, and the motion carried 3-0.

Secretary/Assistant Secretary	Chair/Vice-Chair

RESOLUTION NO. 2025-04

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE CITYPLACE COMMUNITY DEVELOPMENT DISTRICT AUTHORIZING AND ADOPTING AN AMENDED FINAL FISCAL YEAR 2024/2025 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 2024/2025 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 27th day of October, 2025.

ATTEST:	CITYPLACE
COMMUNITY DEVELOPMENT DISTRICT

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

City Place Community Development District

Amended Final Budget For Fiscal Year 2024/2025
October 1, 2024 - September 30, 2025

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 2024/2025 OCTOBER 1, 2024 - SEPTEMBER 30, 2025

REVENUES	FISCAL YEAR 2024/2025 BUDGET
10/1/24 - 9/30/25	AMENDED FINAL BUDGET
10/1/24 - 9/30/25	YEAR TO DATE ACTUAL
10/1/24 - 9/29/25	
Assessments - Administrative	0	0	0	
Excess Revenue Funds	1,152,904	1,776,043	1,776,043	
Assessments - Maintenance	3,043,770	4,465,655	0	
Parking Revenue	6,045,160	9,067,740	0	
Rental Income	85,000	127,500	0	
Other Revenue - Easement Sale	0	2,487,500	2,487,500	
Developer Contribution	0	450,000	0	
Interest Income	480	1,150	1,124	
				
TOTAL REVENUES	$	10,327,314	$	18,375,588	$	4,264,667	
				
EXPENDITURES				
ADMINISTRATIVE EXPENDITURES				
Supervisor Fees	5,000	2,000	2,000	
Payroll Taxes - Employer	400	234	234	
Engineering	5,000	1,000	0	
Management Fee	44,748	44,748	44,748	
Legal	70,000	104,948	104,948	
Audit Fees	7,100	6,600	6,600	
Arbitrage Rebate Fee	1,300	1,300	1,300	
Insurance - Liability	62,000	57,543	57,543	
Insurance - *arages	425,000	469,802	169,802	
Legal Advertising	2,750	1,750	1,723	
Bank Service Charges	500	500	340	
Miscellanous	2,500	1,000	422	
Postage	250	75	50	
Office Supplies	1,500	1,750	1,646	
Dues & Subscriptions	175	175	175	
Trustee Fees	9,500	6,602	6,602	
Continuing Disclosure Fee	1,000	1,000	1,000	
:ebsite Management	2,000	2,000	2,000	
Roadway & Sidewalk Maintenance	308,661	282,924	282,924	
Capital Outlay	0	2,487,500	2,487,500	
Excess Revenue Payment to Palladium	204,000	2,500,000	0	
TOTAL ADMINISTRATIVE EXPENDITURES	$	1,153,384	$	5,973,451	$	3,171,557	
				
MAINTENANCE EXPENDITURES				
Palladium CDD Property				
Parking Expense	2,125,000	3,187,500	0	
Administrative	425,000	637,500	0	
Payroll	1,483,500	2,225,250	0	
Professional Fees	120,000	180,000	0	
Sweeping and Cleaning	425,000	637,500	0	
Utilities	400,000	600,000	0	
Insurance	440,000	660,000	0	
Landscaping & Irrigation	547,900	821,850	0	
Contracted Services	80,000	120,000	0	
Repairs & Maintenance	175,000	262,500	0	
Security	1,250,000	1,875,000	0	
Marketing	1,375,000	2,062,500	0	
Management Fee	200,000	200,000	0	
Plaza CDD Property	0		0	
Plaza Entertainment	100,000	150,000	0	
Signage	27,530	41,295	0	
TOTAL MAINTENANCE EXPENDITURES	$	9,173,930	$	13,660,895	$	-	
				
TOTAL EXPENDITURES	$	10,327,314	$	19,634,346	$	3,171,557	
				
EXCESS/ (S+ORTFALL)	$	-	$	(1,258,758)	$	1,093,110	

Fund Balance As Of 9/30/2024	
FY 2024/2025 Activity	
Fund Balance As Of 9/30/2025	

$1,906,180	
($1,258,758)	
$647,422	

Note
Maintenance (Non-Management) Line Items Are Allocated At 150 Percent Of Fiscal Year 2024/2025 Budget.

AMENDED FINAL BUDGET
CITY PLACE COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND - SERIES 2012
FISCAL YEAR 2024/2025 OCTOBER 1, 2024 - SEPTEMBER 30, 2025

REVENUES	FISCAL YEAR 2024/2025 BUDGET 10/1/24 - 9/30/25	AMENDED FINAL BUDGET
10/1/24 - 9/30/25	YEAR TO DATE ACTUAL
10/1/24 - 9/29/25	
Interest Income	500	245,600	245,527	
Tax Incremental Revenues	5,360,279	5,735,491	5,735,491	
Tax Coverage Revenues	0	3,435,677	3,435,677	
Developer Contributions	0	0	0	
Total Revenues	$	5,360,779	$	9,416,768	$	9,416,695	
				
EXPENDITURES				
Principal Payments (2012)	3,905,000	3,905,000	3,905,000	
Interest Payments (2012)	302,875	400,500	400,500	
Bond Redemption	0	0	0	
Excess Coverage Revenues Fund Payment	0	3,461,263	3,461,263	
Excess Revenue Fund Payment	1,152,904	1,776,043	1,776,043	
Total Expenditures	$	5,360,779	$	9,542,806	$	9,542,806	
				
Excess/ (Shortfall)	$	-	$	(126,038)	$	(126,111)	

FUND BALANCE AS OF 9/30/24	
FY 2024/2025 ACTIVITY	
FUND BALANCE AS OF 9/30/25	

$4,487,044	
($126,038)	
$4,361,006	

Notes
Reserve Fund Balance = $4,207,875*. Revenue Fund Balance = $153,131*.
Revenue Fund Balance To Be Used To Make 11/1/2025 Interest Payment Of $102,625.
* 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 9/30/25 =	$4,105,000		

AMENDED FINAL BUDGET
CITY PLACE COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND - SERIES 2018
FISCAL YEAR 2024/2025 OCTOBER 1, 2024 - SEPTEMBER 30, 2025

REVENUES	FISCAL YEAR 2024/2025 BUDGET 10/1/24 - 9/30/25	AMENDED FINAL BUDGET
10/1/24 - 9/30/25	YEAR TO DATE ACTUAL
10/1/24 - 9/29/25	
Interest 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/ (Shortfall)	$	-	$	-	$	-	

FUND BALANCE AS OF 9/30/24	
FY 2024/2025 ACTIVITY	
FUND BALANCE AS OF 9/30/25	

$0	
$0	
$0	

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 Years 2022/2023 - 2024/2025 Capital Outlays = $1,240,210
* 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 9/30/25 =	$41,954,466		

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

III

RESOLUTION NO. 2025-05

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE CITYPLACE COMMUNITY DEVELOPMENT DISTRICT ADOPTING AN ANNUAL REPORT OF GOALS, OBJECTIVES, AND PERFORMANCE MEASURES AND STANDARDS; PROVIDING A SEVERABILITY CLAUSE; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the CityPlace Community Development District (the “District”) is a local unit of special-purpose government organized and existing under and pursuant to Chapters 189 and 190, Florida Statutes, as amended; and

WHEREAS, effective July 1, 2024, the Florida Legislature adopted House Bill 7013, codified as Chapter 2024-136, Laws of Florida, and creating Section 189.0694, Florida Statutes; and

WHEREAS, the District adopted Resolution 2024-04 on October 2, 2024, establishing goals and objectives for the District and creating performance measures and standards to evaluate the District’s achievement of those goals and objectives; and

WHEREAS, pursuant to Section 189.0694, Florida Statutes, the District must adopt and publish on its website an annual report prior to December 1st of each year, describing the goals and objectives achieved by the district, as well as the performance measures and standards used by the district to make this determination, and any goals or objectives the district failed to achieve.
WHEREAS, the District Manager has the annual report of the District’s goals, objectives, and performance measures and standards attached hereto and made a part hereof as Exhibit A (the “Annual Report”) and presented the Annual Report to the Board of the District; and

WHEREAS, the District’s Board of Supervisors (“Board”) finds that it is in the best interests of the District to adopt by resolution the attached annual report of the goals, objectives and performance measures and standards.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE CITYPLACE COMMUNITY DEVELOPMENT DISTRICT, THAT:
SECTION 1. The recitals so stated are true and correct and by this reference are incorporated into and form a material part of this Resolution.

SECTION 2. The District Board of Supervisors hereby adopts the Annual Report regarding the District’s success or failure in achieving the adopted goals and objectives and directs the District Manager to take all necessary actions to comply with Section 189.0694, Florida Statutes.

SECTION 3. If any provision of this Resolution is held to be illegal or invalid, the other provisions shall remain in full force and effect.

SECTION 4. This Resolution shall become effective upon its passage and shall remain in effect unless rescinded or repealed.

PASSED AND ADOPTED this 27th day of October, 2025.

ATTEST:	CITYPLACE COMMUNITY DEVELOPMENT DISTRICT

Secretary/Assistant Secretary	Chairman, Board of Supervisors

Exhibit A: Annual Report of Performance Measures/Standards

Exhibit A

Program/Activity:	District Administration
Goal:	Remain compliant with Florida Law for all district meetings
Objectives:
Notice all District regular, special, and public hearing meetings
Conduct all post-meeting activities
District records retained in compliance with Florida Sunshine Laws
Performance Measures:
All Meetings publicly noticed as required (YES)
Meeting minutes and post-meeting action completed (YES)
District records retained as required by law (YES)

Program/Activity:	District Finance
Goal:	Remain Compliant with Florida Law for all district financing activities
Objectives:
District adopted fiscal year budget
District amended budget at end of fiscal year
Process all District finance accounts receivable and payable
Support District annual financial audit activities
Performance Measures:
District adopted fiscal year budget (YES)
District amended budget at end of fiscal year (YES)
District accounts receivable/payable processed for the year (YES)
“No findings” for annual financial audit (NO)
If “yes” explain

Program/Activity:	District Operations
Goal:	Insure, Operate and Maintain District owned Infrastructure & assets
Objectives:
Annual renewal of District insurance policy(s)
Contracted Services for District operations in effect
Compliance with all required permits
Performance Measures:
District insurance renewed and in force (YES)
Contracted Services in force for all District operations (YES)
Permits in compliance (YES)

CONSIDER LETTER OF APPROVAL FOR CITY OF VERIZON WORK IN CDD RIGHT OF WAY

TO BE DISTRIBUTED UNDER SEPARATE COVER