CityPlace Community Development District

Proposed Budget For Fiscal Year 2026/2027
October 1, 2026 - September 30, 2027

CONTENTS

I

PROPOSED BUDGET

II

DETAILED PROPOSED BUDGET

III

DETAILED PROPOSED DEBT SERVICE FUND BUDGET (2012)

IV

DETAILED PROPOSED DEBT SERVICE FUND BUDGET (2018)

PROPOSED BUDGET
CITYPLACE COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

Assessments (Administrative) Calculation
Total Assessment = $0 (Grossed Up For 4% Early Payment Discounts & 2% County Fees Total Square Footage: 985,458 - Assessment Per Square Feet: $0.00

I

REVENUES

FISCAL YEAR 2026/2027 BUDGET

Assessments - Administrative

0

Excess Revenue Funds

3,254,740

Excess Revenue True-Up

51,715

Assessments - Maintenance (Palladium)

2,583,770

Parking Revenue (Palladium)

6,045,160

Rental Income (Palladium)

45,000

Tenant Reimbursement (Palladium)

1,000,000

Other Revenue (Easement Sale, Etc.)

0

Interest Income

600

TOTAL REVENUES

$	12,980,985

EXPENDITURES

ADMINISTRATIVE/MAINTENANCE EXPENDITURES

Supervisor Fees

5,000

Payroll Taxes (Employer)

400

Engineering

5,000

Management Fee

47,280

Legal

90,000

Audit Fees

6,800

Arbitrage Rebate Fee

1,300

Insurance - Liability

97,100

Insurance - Garages

475,000

Legal Advertising

2,250

Bank Service Charges

500

Miscellaneous

2,000

Postage

250

Office Supplies

1,500

Dues & Subscriptions

175

Trustee Fees

9,500

Continuing Disclosure Fee

1,000

Website Management

2,000

Roadway & Sidewalk Maintenance

340,000

Garage Repair Project

0

Excess Revenue Payment to Palladium

2,220,000

TOTAL ADMINISTRATIVE/MAINTENCE EXPENDITURES

$	3,307,055

Palladium CDD Property

MAINTENANCE EXPENDITURES

Parking Expenses

2,325,000

Administrative

425,000

Payroll

1,483,500

Professional Fees

120,000

Sweeping and Cleaning

525,000

Utilities

400,000

Insurance

640,000

Landscaping And Irrigation

547,900

Contracted Services

80,000

Repairs & Maintenance

175,000

Security

1,250,000

Marketing

1,375,000

Management Fee

200,000

Plaza CDD Property

Plaza Entertainment

100,000

Signage

27,530

TOTAL MAINTENANCE EXPENDITURES

$	9,673,930

TOTAL EXPENDITURES

$	12,980,985

REVENUES LESS EXPENDITURES

$	-

County Appraiser & Tax Collector Fee

0

Discounts For Early Payments

0

Excess/ (Shortfall)

$	-

DETAILED PROPOSED BUDGET
CITYPLACE COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

Assessments (Administrative) Calculation
Total Assessment = $0 (Grossed Up For 4% Early Payment Discounts & 2% County Fees) Total Square Footage: 985,458 - Assessment Per Square Feet: $0.00

II

REVENUES

FISCAL YEAR 2024/2025 ACTUAL

FISCAL YEAR 2025/2026 BUDGET

FISCAL YEAR 2026/2027 BUDGET

COMMENTS

Assessments - Administrative

0

0

CDD Expenditures Less Excess Revenue Funds & Interest

Excess Revenue Funds

1,776,043

1,616,093

3,254,740

Excess Revenue Funds Payment

Excess Revenue True-Up

0

332,811

51,715

Excess Revenue True-Up

Assessments - Maintenance (Palladium)

1,188,157

3,043,770

2,583,770

$460,000 Decrease From 2025/2026 Budget

Parking Revenue (Palladium)

5,658,270

6,045,160

6,045,160

No Change From 2025/2026 Budget

Rental Income (Palladium)

12,173

85,000

45,000

$40,000 Decrease From 2025/2026 Budget

Tenant Reimbursement (Palladium)

994,401

0

1,000,000

Tenant Reimbursement (Palladium)

Other Revenue (Easement Sale, Etc.)

3,125,720

0

0

Interest Income

1,370

480

600

Projected At $50 Per Month

TOTAL REVENUES

$	12,756,134

$	11,123,314

$	12,980,985

EXPENDITURES

ADMINISTRATIVE/MAINTENANCE EXPENDITURES

Supervisor Fees

2,000

5,000

5,000

Projected At Five Meetings Per Year

Payroll Taxes (Employer)

234

400

400

Projected At 8% Of Supervisor Fees

Engineering

0

5,000

5,000

No Change From 2025/2026 Budget

Management Fee

44,748

46,044

47,280

CPI Adjustment

Legal

104,947

70,000

90,000

FY 25/26 Expenditure Through Feb 26 Was $33,123

Audit Fees

6,600

6,700

6,800

Accepted Amount For 2025/2026 Audit

Arbitrage Rebate Fee

1,300

1,300

1,300

No Change From 2025/2026 Budget

Insurance - Liability

57,543

62,000

97,100

FY 25/26 Expenditure Was $60,995

Insurance - Garages

369,802

425,000

475,000

Insurance Estimate

Legal Advertising

1,723

2,500

2,250

$250 Decrease From 2025/2026 Budget

Bank Service Charges

422

500

500

No Change From 2025/2026 Budget

Miscellaneous

422

2,250

2,000

$250 Decrease From 2025/2026 Budget

Postage

50

250

250

No Change From 2025/2026 Budget

Office Supplies

1,645

1,500

1,500

No Change From 2025/2026 Budget

Dues & Subscriptions

175

175

175

No Change From 2025/2026 Budget

Trustee Fees

6,602

9,500

9,500

No Change From 2025/2026 Budget

Continuing Disclosure Fee

1,000

1,000

1,000

No Change From 2025/2026 Budget

Website Management

2,000

2,000

2,000

No Change From 2025/2026 Budget

Roadway & Sidewalk Maintenance

294,224

308,265

340,000

FY 25/26 Expenditure Through Feb 26 Was $139.974

Garage Repair Project

2,487,000

0

0

25/26 Expenditure

Excess Revenue Payment to Palladium

0

1,000,000

2,220,000

Estimated to be $185,000 per month

TOTAL ADMINISTRATIVE/MAINTENCE EXPENDITURES

$	3,382,437

$	1,949,384

$	3,307,055

Palladium CDD Property

MAINTENANCE EXPENDITURES

Parking Expenses

2,251,085

2,125,000

2,325,000

$200,000 Increase From 2025/2026 Budget

Administrative

135,818

425,000

425,000

No Change From 2025/2026 Budget

Payroll

1,435,983

1,483,500

1,483,500

No Change From 2025/2026 Budget

Professional Fees

40,689

120,000

120,000

No Change From 2025/2026 Budget

Sweeping and Cleaning

491,068

425,000

525,000

$100,000 Increase From 2025/2026 Budget

Utilities

198,224

400,000

400,000

No Change From 2025/2026 Budget

Insurance

622,870

440,000

640,000

$200,000 Increase From 2025/2026 Budget

Landscaping And Irrigation

468,675

547,900

547,900

No Change From 2025/2026 Budget

Contracted Services

59,088

80,000

80,000

No Change From 2025/2026 Budget

Repairs & Maintenance

219,848

175,000

175,000

No Change From 2025/2026 Budget

Security

590,250

1,250,000

1,250,000

No Change From 2025/2026 Budget

Marketing

1,136,372

1,375,000

1,375,000

No Change From 2025/2026 Budget

Management Fee

200,000

200,000

200,000

No Change From 2025/2026 Budget

Plaza CDD Property

Plaza Entertainment

0

100,000

100,000

No Change From 2025/2026 Budget

Signage

3,032

27,530

27,530

No Change From 2025/2026 Budget

TOTAL MAINTENANCE EXPENDITURES

$	7,853,002

$	9,173,930

$	9,673,930

TOTAL EXPENDITURES

$	11,235,439

$	11,123,314

$	12,980,985

REVENUES LESS EXPENDITURES

$	1,520,695

$	-

$	-

County Appraiser & Tax Collector Fee

0

0

0

Two Percent Of Total Assessment Roll

Discounts For Early Payments

0

0

0

Four Percent Of Total Assessment Roll

Excess/ (Shortfall)

$	1,520,695

$	-

$	-

DETAILED PROPOSED DEBT SERVICE FUND (SERIES 2012) BUDGET
CITYPLACE COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

Series 2012 Bond Refunding Information

Original Par Amount = Interest Rate =
Issue Date =
Maturity Date =

$39,890,000 5.00%
April 2012
May 2026

Annual Principal Payments Due =
Annual Interest Payments Due =

May 1st
May 1st & November 1st

Par Amount As Of 1/1/26 =

$4,105,000

III

REVENUES

FISCAL YEAR

2024/2025

ACTUAL

FISCAL YEAR

2025/2026

BUDGET

FISCAL YEAR

2026/2027

BUDGET

COMMENTS

Interest Income

260,971

2,000

0

Projected Interest For 2026/2027

Tax Incremental Revenues

5,735,491

0

0

TIF Now Used To Make Series 2018 Payments

Funding From 2012 Reserve Fund

0

4,207,875

0

Reserve Fund To Be Used To Make 2026 Payments

Developer Contributions

0

0

0

TIF Projected To Be More Than P&I Payments

Total Revenues

$	5,996,462

$	4,209,875

$	-

EXPENDITURES

Principal Payments

3,905,000

4,105,000

0

Principal Payment Due In 2027

Interest Payments

400,500

102,625

0

Interest Payments Due In 2027

Excess Revenue Funds Payment

1,776,043

2,250

0

Estimated Excess Debt Collections Due To General Fund

Total Expenditures

$	6,081,543

$	4,209,875

$	-

Excess/ (Shortfall)

$	(85,081)

$	-

$	-

DETAILED PROPOSED DEBT SERVICE FUND (SERIES 2018) BUDGET
CITYPLACE COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

Series 2018 Bond Principal & Interest Payments Will Commence In 2026 When Bond Converts In 2026, New Principal Amount Will Be $56,420,000
Original Balance Was $41,954,466

Series 2018 Bond Information

Original Par Amount = Interest Rate =
Issue Date =
Maturity Date =

$41,954,466 3.65% - 4.5%
November 2018
May 2046

Annual Principal Payments Due =
Annual Interest Payments Due =

May 1st
May 1st & November 1st

Par Amount As Of 1/1/26 =

$41,954,466

IV

REVENUES

FISCAL YEAR

2024/2025

ACTUAL

FISCAL YEAR

2025/2026

BUDGET

FISCAL YEAR

2026/2027

BUDGET

COMMENTS

Interest Income

0

500

1,000

Projected Interest For 2026/2027

Tax Incremental Revenues

0

5,735,491

7,369,398

Projected 2027 TIF - 2026 TIF Was $7,369,398

Developer Contributions

0

0

0

TIF Projected To Be More Than P&I Payments

Total Revenues

$	-

$	5,735,991

$	7,370,398

EXPENDITURES

Principal Payments

0

1,730,000

1,790,000

Principal Payment Due In 2027

Interest Payments

0

2,389,898

2,325,658

Interest Payments Due In 2027

Excess Revenue Funds Payment

0

1,616,093

3,254,740

Estimated Excess Debt Collections Due To General Fund

Total Expenditures

$	-

$	5,735,991

$	7,370,398

Excess/ (Shortfall)

$	-

$	-

$	-