Laurel Road Community Development District
3501 Quadrangle Boulevard, Suite 270, Orlando, FL 32817
Phone 407-723-5900; Fax 407-723-5901

The following is the agenda for the Board of Supervisors Meeting for the Laurel Road Community Development District scheduled to be held Wednesday May 10, 2023, at 12:30 PM located at 5800 Lakewood Ranch Blvd, Sarasota, FL 34240. The following is the proposed agenda for this meeting.

Call in number: 1-844-621-3956 Passcode: 790 562 990 #
BOARD OF SUPERVISORS’ MEETING AGENDA

Administrative Matters

Roll Call to Confirm Quorum
Public Comment Period [for any members of the public desiring to speak on any proposition before the Board]

Consideration of the Minutes of the April 12, 2023, Board of Supervisors’ Meeting

Business Matters
Consideration of Resolution 2023-12, Approving a Preliminary Budget for Fiscal Year 2024, Declaring O&M Assessments, and Setting a Public Hearing Date [Suggested Date of August 9, 2023]
Letter from Supervisor of Elections, Sarasota County
Ratification of Changer Order No. 15 for Vistera of Venice – Phase 1
Ratification of Funding Requests Nos. 100 – 105
Review of District Financial Statements
Other Business Staff Reports
District Counsel District Engineer District Manager

Supervisor Requests and Audience Comments Adjournment

Laurel Road Community Development District

Minutes of the April 12, 2023, Board of Supervisors Meeting

MINUTES OF MEETING

LAUREL ROAD COMMUNITY DEVELOPMENT DISTRICT BOARD OF SUPERVISORS MEETING
Wednesday, April 12, 2023, at 12:30 p.m. 5800 Lakewood Ranch Blvd,
Sarasota, FL 34240

Board Members present at roll call:

Pete Williams Janice Snow John Blakley
John Leinaweaver

Chairperson
Vice Chairperson Assistant Secretary Assistant Secretary

Dale Weidemiller	Assistant Secretary	(via phone) Also present at roll call via speakerphone or in-person:

Vivian Carvalho	PFM - District Manager Venessa Ripoll	PFM - District Manager Amanda Lane	PFM - District Accountant

(via phone) (via phone)

Jorge Jimenez Tom Panaseny Shawn Leins Bobbi Claybrooke Jim Schier
Misty Taylor John McKay

PFM - ADM
Neal Communities AM Engineering AM Engineering Neal Communities Bryant Miller Oliver
J. H. McKay, LLC

(via phone) (via phone) (via phone) (via phone)

FIRST ORDER OF BUSINESS	Administrative Matters Roll Call
The Board of Supervisors’ Meeting for Laurel Road CDD was called to order at 12:31 p.m. Those in attendance are outlined above either in person or via speakerphone.

Public Comment Period

There were no public comments.

SECOND ORDER OF BUSINESS	Business Matters

Consideration of the Minutes of the March 8, 2023, Board of Supervisors’ Meeting

The Board reviewed the minutes.

ON MOTION by Ms. Snow, seconded by Mr. Weidemiller, with all in favor, the Board approved the Minutes of the March 8, 2023, Board of Supervisors’ Meeting.

Ratification of Final Approach Consulting, LLC, Proposal for Pre- Construction Services for Vistera Amenities

Mr. Panaseny mentioned that the pre-construction services will include review of the construction plans before they go out to bid.

ON MOTION by Ms. Snow, seconded by Mr. Williams, with all in favor, the Board ratified Final Approach Consulting, LLC, Proposal for Pre-Construction Services for Vistera Amenities.

Ratification of Funding Requests Nos. 094 – 100

The Board reviewed the funding requests.

ON MOTION by Mr. Williams, seconded by Mr. Leinaweaver, with all in favor, the Board ratified funding requests Nos. 094 – 100.

Review of District Financial Statements

The Board reviewed the District Financial Statements as of February 28, 2023.

ON MOTION by Mr. Williams, seconded by Mr. Blakley, with all in favor, the Board accepted the District Financial Statements.

THIRD ORDER OF BUSINESS		Other Business Staff Reports
District Counsel –	Not present.

District Engineer – Ms. Claybrooke asked that the Board provide signatures for the proposal for the Diesel Pump that was on the previous agenda so that they can order the equipment. Xylem are also requesting that the Board fill out a credit application.

District Manager – Ms. Carvalho stated that the next meeting will be held on May 10, 2023, at 12:30 p.m. where the proposed budget will be reviewed.

Audience	Comments	and	Supervisor Requests

There were no audience comments or supervisor requests.

FOURTH ORDER OF BUSINESS	Adjournment

There were no other questions or comments.

ON MOTION by Mr. Leinaweaver, seconded by Mr. Williams, with all in favor, the April 12, 2023, Board of Supervisors’ Meeting for the Laurel Road Community Development District was adjourned at 12:39 p.m.

Secretary / Assistant Secretary	Chairperson / Vice Chairperson

,

Laurel Road Community Development District

Resolution 2023-12,
Approving a Preliminary Budget for Fiscal Year 2024, Declaring O&M Assessments, and Setting a Public Hearing Date
[Suggested Date of August 9, 2023]

RESOLUTION 2023-12

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE LAUREL ROAD COMMUNITY DEVELOPMENT DISTRICT APPROVING A PROPOSED BUDGET FOR FISCAL YEAR 2023/2024; DECLARING SPECIAL ASSESSMENTS TO FUND THE PROPOSED BUDGET PURSUANT TO CHAPTERS 190, 170, AND/OR 197, FLORIDA STATUTES; SETTING PUBLIC HEARINGS; ADDRESSING PUBLICATION; ADDRESSING SEVERABILITY; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the District Manager has heretofore prepared and submitted to the Board of Supervisors (“Board”) of the Laurel Road Community Development District (“District”) prior to June 15, 2023, proposed budget(s) (“Proposed Budget”) for the fiscal year beginning October 1, 2023, and ending September 30, 2024 (“Fiscal Year 2023/2024”); and

WHEREAS, it is in the best interest of the District to fund the administrative and operations services (together, “Services”) set forth in the Proposed Budget by levy of special assessments pursuant to Chapters 190, 170, and/or 197, Florida Statutes (“Assessments”), as set forth in the preliminary assessment roll included within the Proposed Budget; and

WHEREAS, the District hereby determines that benefits would accrue to the properties within the District, as outlined within the Proposed Budget, in an amount equal to or in excess of the Assessments, and that such Assessments would be fairly and reasonably allocated as set forth in the Proposed Budget; and

WHEREAS, the Board has considered the Proposed Budget, including the Assessments, and desires to set the required public hearings thereon;

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE LAUREL ROAD COMMUNITY DEVELOPMENT DISTRICT:

PROPOSED BUDGET APPROVED. The Proposed Budget prepared by the District Manager for Fiscal Year 2023/2024 attached hereto as Exhibit A is hereby approved as the basis for conducting a public hearing to adopt said Proposed Budget.

DECLARING ASSESSMENTS. Pursuant to Chapters 190, 170, and/or 197, Florida Statutes, the Assessments shall defray the cost of the Services in the total estimated amounts set forth in the Proposed Budget. The nature of, and plans and specifications for, the Services to be funded by the Assessments are described in the Proposed Budget and in the reports (if any) of the District Engineer, all of which are on file and available for public inspection at the “District’s Office,” PFM Group Consulting, LLC, 3501 Quadrangle Boulevard, Suite 270, Orlando, Florida 32817. The Assessments shall be levied within the District on all benefitted lots and lands, and shall be apportioned, all as described in the Proposed Budget and the preliminary assessment roll included therein. The preliminary assessment roll is also on file and available for public inspection at the District’s Office. If levied pursuant to Chapter 170, Florida Statutes, the Assessments shall be paid in one or more installments pursuant to a bill

issued by the District in November of 2023, or, if levied pursuant to the Uniform Method as set forth in Chapter 197, Florida Statutes, the Assessments shall be collected on the tax roll of Sarasota County, Florida, and paid as directed therein.

SETTING PUBLIC HEARINGS. Pursuant to Chapters 170, 190, and 197, Florida Statutes, public hearings on the approved Proposed Budget and the Assessments are hereby declared and set for the following date, hour and location:

DATE:		, 2023

HOUR:		

LOCATION:		

TRANSMITTAL OF PROPOSED BUDGET TO LOCAL GENERAL-
PURPOSE GOVERNMENT. The District Manager is hereby directed to submit a copy of the Proposed Budget to Sarasota County at least 60 days prior to the hearing set above.

POSTING OF PROPOSED BUDGET. In accordance with Section 189.016, Florida Statutes, the District’s Secretary is further directed to post the approved Proposed Budget on the District’s website at least two days before the budget hearing date as set forth in Section 3, and to ensure the Proposed Budget remains on the website for at least 45 days.

PUBLICATION OF NOTICE. Notice of the public hearings shall be published in the manner prescribed in Florida law.

MAILING OF NOTICE. Notice of the public hearings shall be mailed to property owners in the manner prescribed in Florida law.

SEVERABILITY. The invalidity or unenforceability of any one or more provisions of this Resolution shall not affect the validity or enforceability of the remaining portions of this Resolution, or any part thereof.

EFFECTIVE DATE. This Resolution shall take effect immediately upon adoption.

PASSED AND ADOPTED this 10th day of May 2023.

ATTEST:	LAUREL	ROAD	COMMUNITY DEVELOPMENT DISTRICT

By:	

Secretary	Its:	

EXHIBIT A: Proposed Budget

Exhibit A
FY 2023/2024 proposed budget

[See attached]

3

Laurel Road CDD
FY 2024 Proposed O&M Budget

Actual Through 04/30/2023

Anticipated 05/2023 -
09/2023

Anticipated FY 2023 Total

FY 2023
Adopted Budget

FY 2024
Proposed Budget

On-Roll Assessments	$	-	$	-	$	-	$	-	$	370,007.27	
Off-Roll Assessments	13,502.85	-	13,502.85	-	-	
Developer Contributions	31,672.43	52,375.43	84,047.86	273,732.00	-	
Other Income & Other Financing Sources	0.64	-	0.64	-	-	
Net Revenues	$	45,175.92		$	52,375.43		$	97,551.35		$	273,732.00		$	370,007.27	

Supervisor Fees	$	7,000.00	$	5,000.00	$	12,000.00	$	12,900.00	
$	12,000.00	
Public Officials' Liability Insurance	2,504.00	-	2,504.00	-	3,000.00	
Trustee Services	3,524.39	-	3,524.39	6,000.00	4,000.00	
Management	28,000.00	20,000.00	48,000.00	48,000.00	52,800.00	
Engineering	-	6,250.00	6,250.00	15,000.00	15,000.00	
Disclosure	-	1,000.00	1,000.00	1,000.00	1,000.00	
District Counsel	3,353.00	2,395.00	5,748.00	25,000.00	25,000.00	

Revenues

General & Administrative Expenses

Assessment Administration	-	-	-	5,500.00	5,500.00	
Reamortization Schedules	-	-	-	-	125.00	
Audit	5,500.00	-	5,500.00	6,500.00	6,500.00	
Arbitrage	-	-	-	500.00	500.00	
Telephone	-	-	-	200.00	200.00	
Postage & Shipping	5.64	4.05	9.69	500.00	500.00	
Legal Advertising	2,541.17	1,815.10	4,356.27	8,000.00	8,000.00	
Miscellaneous	-	-	-	590.00	600.00	
Office Supplies	125.00	-	125.00	500.00	530.00	
Web Site Maintenance	3,950.00	1,350.00	5,300.00	915.00	3,000.00	
Dues, Licenses, and Fees	175.00	-	175.00	175.00	175.00	
Lifestyle Staff	-	-	-	20,000.00	20,000.00	
Maintenance Staff	-	-	-	20,000.00	20,000.00	
Resident Services		-			-			-			-			10,000.00	
Total General & Administrative Expenses	$	56,678.20		$	37,814.15		$	94,492.35		$	171,280.00		$	188,430.00	

Field Expenses

Electric	-	-	-	3,500.00	3,500.00	
Equipment Rental	-	-	-	6,000.00	6,000.00	
General Insurance	3,059.00	-	3,059.00	5,952.00	5,952.00	
Property & Casualty Insurance	-	-	-	5,100.00	5,100.00	
Water Reclaimed	-	-	-	5,000.00	5,000.00	
Mitigation	-	-	-	-	-	
Stormwater - Repair and Maintenance	-	-	-	-	-	
Irrigation - Repair and Maintenance	-	-	-	200.00	200.00	
Lake Maintenance	-	-	-	18,000.00	18,000.00	
Landscaping Maintenance & Material	-	-	-	25,000.00	25,000.00	
Landscape Improvements	-	-	-	2,500.00	2,500.00	

Wetland Mitigation	-	-	-	-	-	
Contingency	-	-	-	10,000.00	10,000.00	
Equipment Repair & Maintenance	-	-	-	-	-	

Street Sweeping	-	-	-	15,000.00	15,000.00	
Lighting	-	-	-	200.00	200.00	
Streetlights - Leasing	-	-	-	-	35,000.00	
Gate Maintenance	-	-	-	1,000.00	1,000.00	
Bike Share	-	-	-	5,000.00	2,500.00	
  
Total Field Expenses	$	3,059.00	$	-	$	3,059.00	$	102,452.00		$	134,952.00	

Laurel Road CDD
FY 2024 Proposed O&M Budget

Actual Through 04/30/2023

Anticipated 05/2023 -
09/2023

Anticipated FY 2023 Total

FY 2023
Adopted Budget

FY 2024
Proposed Budget

Vistera - Amenity

Clubhouse Electric	-	-	-	-	3,750.00	
Clubhouse Water	-	-	-	-	5,000.00	
Amenity - Telephone	-	-	-	-	62.50	
Amenity - Cable TV / Internet / Wi-Fi	-	-	-	-	3,250.00	
Amenity - Landscape Maintenance	-	-	-	-	12,500.00	
Amenity - Irrigation Repairs	-	-	-	-	5,000.00	
Amenity - Pool Maintenance	-	-	-	-	2,700.00	
Amenity - Pool Equipment	-	-	-	-	375.00	
Amenity - Exterior Cleaning	-	-	-	-	3,750.00	
Amenity - Interior Cleaning	-	-	-	-	5,000.00	
Amenity - Pest Control	-	-	-	-	250.00	
Amenity - Fitness Equipment Leasing	-	-	-	-	2,385.00	
Amenity - Security	-	-	-	-	2,602.77	
Total Vistera - Amenity Expenses	    
$	-	$	-	$	-	$	-	$	46,625.27	

Total Expenses	 $		59,737.20   $	37,814.15 	 $	97,551.35   $	273,732.00   $	370,007.27  Net Income (Loss)		$	(14,561.28)	$	14,561.28		$		-	$		-	$		-

Laurel Road CDD Proposed FY 2024 Debt Service Budget

	Series 2021A-1		Series 2021A-2	
REVENUES:				
Special Assessments	$	858,127.50		$	494,531.25	
TOTAL REVENUES	 $	858,127.50 		 $	494,531.25 	

EXPENDITURES:				
Interest 11/01/2023	$	205,437.50		$	164,843.75	
Interest 05/01/2024	205,437.50		164,843.75	
Principal 05/01/2024	245,000.00		-	
TOTAL EXPENDITURES	 $	655,875.00 		 $	329,687.50 	

EXCESS REVENUES	

 $	202,252.50 		

 $	164,843.75 	

Interest 11/01/2024	

$	202,252.50		

$	164,843.75	

Laurel Road CDD Fiscal Year 2024
Proposed Assessment Schedule

Land Use/ Product Type

# Units, Phase 1

# Units, Phase 2

ERU/Unit

Total ERUs

Net O&M Per Product Type

Gross O&M Per Product Type

Net O&M	 Gross O&M Assessment	Assessment
Per Unit (Phase		Per Unit 1)	(Phase 1)

* Net A1 Debt Assessment Per Unit

* Gross A1 Debt Assessment Per Unit

** Gross A2 Debt Assessment Per Unit

Total Gross Assessments

SF 40'	76	0	0.80	60.8	29,355.69	31,565.26	386.26	415.33	1,519.00	1,633.48	25,410.00	27,458.81	
SF 45'	67	0	0.90	60.3	29,114.28	31,305.68	434.54	467.25	1,709.00	1,837.66	22,647.00	24,951.91	
SF 50'	80	85	1.00	165.0	79,665.94	85,662.31	995.82	1,070.77	1,899.00	2,041.85	31,763.00	34,875.62	
SF 57'	44	107	1.14	172.1	83,113.31	89,369.15	1,888.94	2,031.12	2,165.00	2,327.70	36,209.00	40,567.82	
Paired Villas (36' - 39')	124	0	0.75	93.0	44,902.62	48,282.39	362.12	389.38	1,424.00	1,531.38	23,822.00	25,742.76	
Multi-Family	335	330	0.30	199.5	96,323.37	103,573.51	287.53	309.17	-	-	-	309.17	
Assisted Living	0	52	0.30	15.6	7,532.05	8,098.98	-	-	-	-	-	-	
	726	574		766.3	370,007.27	397,857.28				
					TRUE	TRUE				

* The gross Debt Assessment for the A1 Bond is a 30-year Debt Assessment. This Assessment is assessed at the same rate for that period of time.

** The gross Debt Assessment for the A2 Bond is the amount the Developer Entity will pay at the closing of each lot.

Laurel Road CDD Budget Item Descriptions FY 2023 – 2024

Revenues

On-Roll Assessments

The District can levy a Non-Ad Valorem assessment on all the assessable property within the District in order to pay for the operating expenditures during the Fiscal Year. Assessments collected via the tax collector are referred to as “On-Roll Assessments.”

General & Administrative Expenses

Supervisor Fees

Chapter 190 of the Florida Statutes allows for a member of the Board of Supervisors to be compensated for meeting attendance and to receive up to $200.00 per meeting plus payroll taxes. The amount for the Fiscal Year is based upon all supervisors attending the meetings.

Public Officials’ Liability Insurance

Supervisors’ and Officers’ liability insurance.

Trustee Services

The Trustee submits invoices annually for services rendered on bond series. These fees are for maintaining the district trust accounts.

Management

The District receives Management and Administrative services as part of a Management Agreement with PFM Group Consulting, LLC. These services are further outlined in Exhibit “A” of the Management Agreement.

Engineering

The District’s engineer provides general engineering services to the District. Among these services are attendance at and preparation for monthly board meetings, review of invoices, and all other engineering services as requested by the district throughout the year.

Disclosure

When bonds are issued for the District, the Bond Indenture requires continuing disclosure, which the District Management team provides to the trustee and bond holders.

Laurel Road CDD Budget Item Descriptions FY 2023 – 2024

District Counsel

The District’s legal counsel provides general legal services to the District. Among these services are attendance at and preparation for monthly board meetings, review of operating and maintenance contracts, and all other legal services as requested by the District throughout the year.

Assessment Administration

The District can levy a Non-Ad Valorem assessment on all the assessable property within the District in order to pay for the operating expenditures during the Fiscal Year. It is typically collected via the Tax Collector. The District Manager submits an Assessment Roll to the Tax Collector annually by the deadline set by the Tax Collector or Property Appraiser.

Reamortization Schedules

When debt is paid on a bond series, a new amortization schedule must be recalculated. This can occur up to four times per year per bond issue.

Audit

Chapter 218 of the Florida Statutes requires a District to conduct an annual financial audit by an Independent Certified Public Accounting firm. Some exceptions apply.

Arbitrage

Annual computations are necessary to calculate arbitrage rebate liability to ensure the District's compliance with all tax regulations.

Postage & Shipping

Mail, overnight deliveries, correspondence, etc.

Legal Advertising

The District will incur expenditures related to legal advertising. The items for which the District will advertise include, but are not limited to, monthly meetings, special meetings, and public hearings for the District.

Miscellaneous

Other general & administrative expenses incurred throughout the year.

Office Supplies

General office supplies associated with the District.

Laurel Road CDD Budget Item Descriptions FY 2023 – 2024

Web Site Maintenance

The cost of hiring a third party vendor to manage the District's website and for the annual domain and URL registration renewals.

Dues, Licenses & Fees

The District is required to pay an annual fee to the Department of Economic Opportunity.

Lifestyle Staff

The cost of hiring a third party contractor to operate the Amenity Center and manage Resident programming.

Maintenance Staff

The cost of hiring a third-party part-time maintenance staff and the supplies they need to address minor operations and repairs.

Field Expenses

Electric

The District pays for the electricity related to District-serviced fixtures.

Equipment Rental

Covers the costs of periodic equipment rentals to assist the maintenance staff in its duties of maintaining certain common facilities.

General Insurance

Insurance purchased to cover the general liability of the District.

Property & Casualty Insurance

Insurance purchased to protect property and cover casualty.

Water Reclaimed

Water used for irrigation

Irrigation - Repair and Maintenance

Inspection, repair, and maintenance of irrigation systems throughout the District.

Lake Maintenance

Maintenance of lakes owned by the District.

Laurel Road CDD Budget Item Descriptions FY 2023 – 2024

Landscaping Maintenance & Material

Contracted landscaping and Common Area Maintenance within the boundaries of the District.

Landscape Improvements

Improvements in landscape above and beyond what is already contracted for property owned by District.

Contingency

Other field expenses incurred throughout the year.

Street Sweeping

Covers the costs of periodic sweeping of District streets to improve aesthetics and to mitigate roadway dirt and debris from being washed into the District’s stormwater system and ponds.

Lighting

Streetlighting expenses within the District.

Gate Maintenance

Covers the costs of monitoring and maintaining the main entry gate.

Bike Share

Covers the costs of operating and maintaining the District’s bike share program which will initially include 25 bikes.

Laurel Road Community Development District

Letter from Supervisor of Elections, Sarasota County

.	:(\'

-c-urner

l

40	Ron Turner
Supervisor of Elections
v	r/i

l's. suo\

Sarasota County: Our County. OurVote.

April 21, 2023

Vivian Carvalho
Senior District Manager· PFM Group Consulting, LLC
3501 Quadrangle Blvd, Suite 270 -
Orlando FL 32817

Subject: Dear Vivian:

Qualified Electors for Laurel Road COD

SarasotaVotes.com	O 0

30-4194

P.O. Box 4194, Sarasota

Per your written request, I have calculated the qualified registered electors in Laurel Road Community Development District as of April 15, 2023.

I show no registered voters residing within the development at this time. Sincerely,

Ron Turner
Supervisor of Elections Sarasota County, Florida

RT/alp

FL 342

T: 941.861.8600

101 S. Washington Blvd, Sarasota FL 34236-6940  •

F: 941.861.8609

•

Laurel Road Community Development District

Change Order No. 15 for Vistera of Venice – Phase 1

CHANGE ORDER NO. 15

PROJECT	 Vistera of Venice - Phase 1	

Date of Issuance	April 20, 2023	Effective Date	April 20, 2023

OWNER	Laurel Road Community Development District

OWNER's Contract No. CONTRACTOR

NIA

Forsberg Construction, Inc.	ENGINEER	AM Engineering, LLC

You are directed to make the following changes in the Contract Documents.

Description:	See attachment for description of work items

Reason for Change Order:	Plan revisions/additions, permit issuance/conditions, construction plan approval and project changes

Contract Time:	No change

CHANGE IN CONTRACT PRICE:
Original Contract Price
$	15,992,366.02	CHANGE IN CONTRACT TIMES:
Original Contract Times

Substantial/Final Completion: _4_37_Day._s		
Net Changes from previous Change Orders No. I to No. 14
$	6,523,169.29	Net Changes from previous Change Orders No. I to No. 14

421 Days		
Contract Price prior to this Change Order
$	22,515,535.31	Contract Times prior to this Change Order

Substantial/Final Completion: _8_58_D_ay_s		
Net Increase of this Change Order
$	211,217.98	Net Increase of this Change Order

0 Days		
Contract Price with all approved Change Orders
$	22,726,753.29	Contract Times with all approved Change Orders

Substantial/Final Completion: _8_58_Day._s		

RECOMMENDED:

APPROVED:
Laurel

ACCEPTED:

By:

Pete

Date: 04/25/23

Date:  

...Jt..---::,'--"'.c....-11-,.,._il#--.-..-

Date:------4-/20-/23------

CHANGE ORDER NO. 15
Exbibit "A" - Schedule of Values Vistera of Venice - Phase 1	
ITEM	DESCRIPTION	ESTIMATED
QUANTITY	UNIT PRICE	AMOUNT	
2. EARTHWORK (sod and seed quantities reflect Contract quantity - FUTURE CHANGE ORDER to reconcile quantity)	

42	Excavate, fill, screen and legally dispose of debris buried on-site thorugh end of August per 6/8/22 email - this is an on-going activity - as of 4/17, there are large areas in and adjacent Lake 500 with buried debris - in addition, there are large stockpiles that have to be screened and then debris hauled off-site and topsoil buried
in green areas	

1	

LS	

$ 208,770.28	

$	208,770.28	
EARTHWORK SUBTOTAL	$	208,770.28	
3. ROADWAY (FUTURE CHANGE ORDER to reconcile quantities, adjust unit prices to reflect price increases since bid date, modify scope of
work)	
4. STORM DRAINAGE (none)	
5. SANITARY SEWER (none) - FUTURE CHANGE ORDER - MODIFICATIONS TO ARIA AND FIORE PUMP STATIONS	
6. WATER MAIN (none) - FUTURE CHANGE ORDER - JUMPERS AND TESTING FOR SUBPHASING	
7. REUSE MAIN (none) - FUTURE CHANGE ORDER - TESTING FOR SUBPHASES	
2f	8" Gate Valve (installed at subphase lines)	2	EA	$	1,223.85	$	2,447.70	
8. AMENITY CENTER (none) - FUTURE CHANGE ORDER FOR ALL WORK AT AMENITY CENTER SITE	
	
SUMMARY	
	
2. EARTHWORK (sod and seed quantities reflect Contract quantity - FUTURE CHANGE ORDER to reconcile quantity)	$	208,770.28	
3. ROADWAY (FUTURE CHANGE ORDER to reconcile quantities, adjust unit prices to reflect price increases since bid da	$	-	
4. STORM DRAINAGE (none)	$	-	
5. SANITARY SEWER (none) - FUTURE CHANGE ORDER - MODIFICATIONS TO ARIA AND FIORE PUMP STATIO	$	-	
6. WATER MAIN (none) - FUTURE CHANGE ORDER - JUMPERS AND TESTING FOR SUBPHASING	$	-	
7. REUSE MAIN (none) - FUTURE CHANGE ORDER - TESTING FOR SUBPHASES	$	2,447.70	
8. AMENITY CENTER (none) - FUTURE CHANGE ORDER FOR ALL WORK AT AMENITY CENTER SITE	$	-	
Vistera of Venice - Phase 1 TOTAL	$	211,217.98	

Forsberg Construction, Inc.	Change Order Backup Documentation	4/20/2023

FORSBERG CONSTRUCTION, INC. VISTERA
TIME AND MATERIAL SPREADSHEET

Excavate, fill, screen and legally dispose of debris buried on-site through APRIL 17 per 6/8/22 email - this is an on-going activity - Screening completed on April 5 - Burying (disposal) of screen material in gree

ScreenLoadHaulF reenLoadHaulF reenLoadHaulF	Screen	Screen	Screen	Screen	Screen	reenLoadHaulF reenLoadHaulF Screen/Load  LoadHaulFill  LoadHaulFill  LoadHaulFill  Load/Screen  Load/Screen	Screen	Screen/Load	Screen	Screen/Load	Load	Screen/Load  Screen/Load  Screen/Load  Screen/Load  Screen/Load	Screen

Equipment Description	Scheduled
Rate (hr)	Date
23-Feb	Date
24-Feb	Date
27-Feb	Date
28-Feb	Date
1-Mar	Date
2-Mar	Date
3-Mar	Date
6-Mar	Date
7-Mar	Date
8-Mar	Date
9-Mar	Date
10-Mar	Date
13-Mar	Date
14-Mar	Date
16-Mar	Date
17-Mar	Date
20-Mar	Date
21-Mar	Date
23-Mar	Date
24-Mar	Date
27-Mar	Date
28-Mar	Date
29-Mar	Date
30-Mar	Date
31-Mar	Date
3-Apr	Date
4-Apr	
Loader	$	84.00	7	7	7	8	7	7	6	8	8	7	14	6	5		8	5	5	7	4	7	2	9	8	9	8	8	5	
Small Dozer	$	78.00																												
Large Dozer	$  132.00												5	7	5														
Tracked Hydraulic Excavator - Compact	$	96.00																												
Tracked Hydraulic Excavator - Small	$  132.00																												
Tracked Hydraulic Excavator - Large	$  204.00	10	9	10						10	5		5	10	10														
Rubber Tire Backhoe Loader	$	66.00																												
Motor Grader	$	90.00																												
Roller/Box Blade	$	57.60																												
Compactor	$	24.00																												
Steel Sheets/Plates	$	18.00																												
Air Compressor	$	36.00																												
Trench Box	$	24.00																												
3" Pump	$	24.00																												
6"/8" Hydraulic/Vacuum Pump	$	72.00																												
Well Pointing Equipment	$	60.00																												
Jet Pump	$	36.00																												
Chain Saw	$	18.00																												
Cut off Saw (Pipe or Asphalt)	$	30.00																												
Screen	$	78.00	7	7	7	8	7	7	6	8	8	7	7				8	5	5	7	4	7		9	8	9	8	8	5	
3.5 kW Generator	$	24.00																												
5 kW Generator	$	30.00																												
25 kW Generator	$	36.00																												
Pickup	$	18.00	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	
Service Truck	$	72.00	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	
Lowboy with Tractor	$  120.00																												
Trailer	$	24.00																												
Articulated Truck	$  114.00	20	18	10						10	5		5	10	10														
Tri-Aixle Dump Truck	$	72.00		2								5	10.5	7	7		3	4		3		3	6	8	3	4	3	4		
Water Tank Truck	$	78.00																												
Equipment Subtotal																												
2	3	11	5	5	5	3	2	2	4	7	2	2	2	2
Labor Description																												
Project Manager	$  108.00																												
Supervisor	$	72.00	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	
Equipment Operator/Driver	$	48.00	27	25	27	8	7	7	6	8	28	17	14	21	32	30	8	5	5	7	4	7	2	9	8	9	8	8	5	
Equipment Operator/Driver	$	48.00		2								5	10.5	7	7		3	4		3		3	6	8	3	4	3	4		
Equipment Operator/Driver	$	48.00	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	
Pipelayer/Skilled Laborer	$	36.00																												
Laborer/Unskilled Laborer	$	30.00																												
Labor Subtotal																												

Material Description	Quantity																												
None	-																												
-																												
Material Subtotal																												
Material Total w/Tax Plus 15% Overhead & 15% Profit																												

Subcontract Work Description	Quantity		February	March	April																								
Land Fill Tipping Fees	1,345.73	Ton	298.83	738.62	308.28																								
	-																												
Subcontractor Subtotal																												
Subcontract Work Total w/15% Overhead & 15% Profit																												

SUMMARY

Equipment
Labor Material
Subcontractor Work
TOTAL

n space is the only remaining activity

Screen/Load	Load	LoadHaulFill  LoadHaulFill	Load	Load	Load	Load
Date
5-Apr	Date
6-Apr	Date
10-Apr	Date
11-Apr	Date
12-Apr	Date
13-Apr	Date
14-Apr	Date
17-Apr	Date	Date	Date	Date	Date	Date	Total
Hours	Total
Cost	
9	7			2	2	5	2							209	$  17,556.00	
														0	$	-	
		5	7											29	$	3,828.00	
														0	$	-	
														0	$	-	
		10	9											88	$  17,952.00	
														0	$	-	
														0	$	-	
														0	$	-	
														0	$	-	
														0	$	-	
														0	$	-	
														0	$	-	
														0	$	-	
														0	$	-	
														0	$	-	
														0	$	-	
														0	$	-	
														0	$	-	
9														171	$  13,338.00	
														0	$	-	
														0	$	-	
														0	$	-	
1	1	1	1	1	1	1	1							35	$	630.00	
1	1	1	1	1	1	1	1							35	$	2,520.00	
														0	$	-	
														0	$	-	
		20	18											126	$  14,364.00	
				2	3	10	4							91.5	$	6,588.00	
														0	$	-	
															$  76,776.00	
3	4	1	2	8	2
																
														0	$	-	
1	1	1	1	1	1	1	1							35	$	2,520.00	
9	7	35	34	2	2	5	2							438	$  21,024.00	
				2	3	10	4							91.5	$	4,392.00	
2	2	2	2	2	2	2	2							70	$	3,360.00	
														0	$	-	
														0	$	-	
															$  31,296.00	

												Unit Price		UP w/Tax	Total	
												-		-	$	-	
												-		-	$	-	
															$	-	
															$	-	

											Unit Price		Total	
												57.56			$  77,460.22	
												-			$	-	
															$  77,460.22	
															$ 100,698.28	

$  76,776.00
$  31,296.00
$	-
$ 100,698.28
$ 208,770.28

Laurel Road Community Development District

Funding Requests Nos. 101 – 105

LAUREL ROAD COMMUNITY DEVELOPMENT DISTRICT

Funding Request No. 101- 105

FR #	Description	Amount	Total	
				
101	CA Florida Holdings	$	162.25		
				
	Grau and Associates	$	1,000.00		
				
	PFm Group Consulting	$	4,000.00		
				
		$	200.00		
		$	200.00		
		$	200.00		
		$	200.00		
		$	200.00		
				
	VGlobalTech	$	300.00		
		$	150.00		
		$	150.00		
		$	300.00		
		$	150.00		
				
			$7,212.25	
				
102	Booth Design Group	$	1,500.00		
		$	6,000.00		
		$	1,500.00		
				
	Final Approach Consulting	$	3,400.00		

	Forsberg Construction	$	1,827,249.42		
				
	Point Break Surveying	$	4,225.00		
		$	5,650.00		
				
			$1,849,524.42	
				
103	Vogler Ashton	$	702.00		
				
			$702.00	
				
104	Driggers Engineering Services	$	475.00		
		$	395.00		
				
	Point Break Surveying	$	3,350.00		
		$	875.00		
				
			$5,095.00	
				
98	CA Florida Holdings	$	162.25		
				
	PFM Group Consulting	$	4,000.00		
				
			$4,162.25	
				
105	A M Engineering	$	7,388.80		
				
	Cast Systems	$	1,247.48		
		$	2,953.32		
		$	9,879.29		
		$	1,476.66		
				
		$	1,820.00		

			$24,765.55	
				
		Total	$1,891,461.47	

LAUREL ROAD
COMMUNITY	DEVELOPMENT	DISTRICT

Funding Request No. 101
	4/14/2023		
	Item	Vendor	Invoice	General		
	No.		Number	Fund		
	
1	
CA Florida Holdings				
		Legal Advertising on 03/01/2023 (Ad 8488674)	5433729	$	162.25		
	2	Grau and Associates				
		FY 2022 Audit	23887	$	1,000.00		
	3	PFM Group Consultinngg				
		DM Fee: April 2023	DM--04--2023--25	$	4,000.00		
	4	Supervisor Fees -- 04/12/2023 Meeting
Dale Weidemiller	
--	
$	200.00		
		John Blakley	--	$	200.00		
		Pete Williams	--	$	200.00		
		Janice Snow	--	$	200.00		
		John Leinaweaver	--	$	200.00		
	5	VGlobalTech				
		OcI. -- Dec. ADA Auait	4600	$	300.00		
		February Website Maintenanccee	4730	$	150.00		
		March Website Maintenance	4843	$	150.00		
		Jan. -- Mar. ADA Audit	4908	$	300.00		
		April Website Maintenance	4955	$	150.00		
			
TOTAL	
$	7,212.25		

Secretary I Assistant Secretary	Board Member

Laurel Road COD

LAUREL ROADD
COMMUNITY	DEVELOPMENT	DISTRICT

Funding Request No. 102

4/14/2023		
Item	Vendor	Invoice	Construction	
No.		Number	Fund	

1	
Booth Design Group			
	Vistera Amenity Construction Engineering Through 12/05/2022	33811	$	1,500.000	
	Vistera Amenity Construction Engineering Through 01/16/2023	3407	$	6,000.000	
	Vistera Amenity Construction Engineering Through 02/06/2023	3435	$	1,500.000	
2	Final Approach Consulting			
	Vistera Pre--Con Services Through 03/31/2023	1372	$	3,400.00	
3	Forsberg Construction			
	Vistera of Venice -- Phase 1 Pay Application 20 Through 03/31/2023	--	$ 1,827,249.422	
4	Point Break Surveying			
	Vistera Pay Application 5 Through 02/28/2023	--	$	4,225.00	
	Vistera Pay Application 6 Through 03/31/2023	--	$	5,650.000	
		
TOTAL	
$ 1,849,524.42	

S cretary / Assistant Secretary	Board Member

Laurel Road CDD

LAUREL ROAD
COMMUNITY	DEVELOPMENT	DISTRICT

Funding Request No. 103

4/21/2023		
Item No.	Vendor	Invoice Number	General Fund	

1	
Vogler Ashton			
	District Counsel Through 03/27/2023	672	$	702.00	
		
TOTAL	
$	702.00	

Secretary I Assistant Secretary	Board Member

LAUREL ROAD
COMMUNITY	DEVELOPMENT	DISTRICT

Funding Request No. 104

4/21/2023		
Item
No.	Vendor	Invoice
Number	Construction
Fund	

1	
Driggers Engineering Services			
	Vistera Phase 2 Materials Testing Through 03/31/2023	SAL16310	$	475.00	
	Vistera Phase 1 Materials Testing Through 03/31/2023	SAL16314	$	395.00	
2	Point Break Surveying			
	Vistera Phase 1 Surveying and Stakeout Services	22946	$	3,350.00	
	Vistera Phase 1 Stakeout Services	24060	$	875.00	
		
TOTAL	
$	5,095.00	

Secretary I Assistant Secretary	

LAUREL ROAD
COMMUNITY	DEVELOPMENT	DISTRICT

Funding Request No. 105

	4/28/2023		
	Item	Vendor	Invoice	Construction		
	No.		Number	Fund		
	
1	
A M Engineering				
		Engineering Services Through 02/24/20233	53950	$	7,388.80		
	2	Cast Systemss
Vistera of Venice Construction Materials	
51568	
$	1,247.48		
		Vistera of Venice Construction Materials	51591	$	2,953.32		
		Vistera of Venice Construction Materials	51700	$	9,879.29		
		Vistera of Venice Construction Materials	51742	$	1,476.66		
	3	LRK				
		Vistera Interior Design Services Through 03/31/2023	04.21020.10--8	$	1,820.00		
			
TOTAL	
$	24,765.55		

Secretary/ Assistant Secretary	Board Member

Laurel Road COD
c/o PFM Group Consulting
3501 Quadrangle Blvd. Ste. 270
Orlando, FL 32817
LaneA@pfm.com II (407) 723--5925	RECEIVED
By Amanda Lane at 1:26 pm, May 01, 2023

Laurel Road Community Development District

District Financial Statements

Laurel Road CDD
Statement of Financial Position As of 3/31/2023

General Fund

Debt Service	Capital Projects Fund		Fund

Long-Term Debt	Total

	Assets		
Current Assets
General Checking Account	
$5,840.69							
$5,840.69	
Accounts Receivable - Due from Developer	10,310.89							10,310.89	
Prepaid Expenses	721.86							721.86	
Series 2021A1 Debt Service Reserve		$327,259.38						327,259.38	
Series 2021A2 Debt Service Reserve		164,843.75						164,843.75	
Series 2021A Revenue		29.39						29.39	
Series 2021A2 Interest		0.05						0.05	
Accounts Receivable - Due from Developer				$247,466.47				247,466.47	
Series 2021A Acquisition/Construction		
		5,409.87				5,409.87	
Total Current Assets	$16,873.44	$492,132.57		$252,876.34		$0.00		$761,882.35	

Investments

Amount Available in Debt Service Funds							$492,132.57		$492,132.57	
Amount To Be Provided							21,857,867.43		21,857,867.43	
Total Investments	$0.00		$0.00		$0.00		$22,350,000.00		$22,350,000.00	

Total Assets	$16,873.44	$492,132.57	$252,876.34	$22,350,000.00	$23,111,882.35

	Liabilities and Net Assets		
Current Liabilities
Accounts Payable	
$9,310.89		
$9,310.89	
Deferred Revenue	10,310.89		10,310.89	
Accounts Payable		$248,041.47	248,041.47	
Retainage Payable		777,639.46	777,639.46	
Deferred Revenue		247,466.47	247,466.47	
Total Current Liabilities	$19,621.78		$0.00		$1,273,147.40		$0.00		$1,292,769.18	

Long Term Liabilities

Revenue Bonds Payable - Long-Term							$22,350,000.00		$22,350,000.00	
Total Long Term Liabilities	$0.00		$0.00		$0.00		$22,350,000.00		$22,350,000.00	

Total Liabilities	$19,621.78	$0.00	$1,273,147.40	$22,350,000.00	$23,642,769.18

Laurel Road CDD
Statement of Financial Position As of 3/31/2023

General Fund	Debt Service
Fund

Capital Projects Fund

Long-Term Debt	Total

Net Assets

Net Assets, Unrestricted	($0.05)								($0.05)	
Net Assets - General Government	3,898.74								3,898.74	
Current Year Net Assets - General Government	(6,647.03)								(6,647.03)	
Net Assets, Unrestricted			$865,543.13						865,543.13	
Current Year Net Assets, Unrestricted			(373,410.56)						(373,410.56)	
Net Assets, Unrestricted					$6,835,756.09				6,835,756.09	
Current Year Net Assets, Unrestricted					(7,856,027.15)				(7,856,027.15)	
Total Net Assets	($2,748.34)		$492,132.57		($1,020,271.06)		$0.00		($530,886.83)	
										
Total Liabilities and Net Assets	$16,873.44		$492,132.57		$252,876.34		$22,350,000.00		$23,111,882.35	

Laurel Road CDD Statement of Activities As of 3/31/2023

General Fund	Debt Service Fund

Capital Projects Fund

Long-Term Debt

Total

Revenues

Off-Roll Assessments	$13,502.85								$13,502.85	
Developer Contributions	31,672.43								31,672.43	
Other Income & Other Financing Sources	0.64								0.64	
Inter-Fund Group Transfers In			($21.08)						(21.08)	
Inter-Fund Transfers In					$21.08				21.08	
Total Revenues	$45,175.92		($21.08)		$21.08		$0.00		$45,175.92	

Expenses

Supervisor Fees	$6,000.00								$6,000.00	
Public Officials' Liability Insurance	2,504.00								2,504.00	
Trustee Services	3,524.39								3,524.39	
Management	24,000.00								24,000.00	
District Counsel	2,651.00								2,651.00	
Audit	4,500.00								4,500.00	
Postage & Shipping	5.64								5.64	
Legal Advertising	2,378.92								2,378.92	
Office Supplies	125.00								125.00	
Web Site Maintenance	2,900.00								2,900.00	
Dues, Licenses, and Fees	175.00								175.00	
General Insurance	3,059.00								3,059.00	
Interest Payments - A1 bond			$208,557.50						208,557.50	
Interest Payments - A2 bond			164,843.75						164,843.75	
Engineering					$46,466.83				46,466.83	
Contingency					7,809,688.75				7,809,688.75	
Total Expenses	$51,822.95		$373,401.25		$7,856,155.58		$0.00		$8,281,379.78	

Other Revenues (Expenses) & Gains (Losses)

Interest Income			$11.77						$11.77	
Interest Income					$107.35				107.35	
Total Other Revenues (Expenses) & Gains (Losses)	$0.00		$11.77		$107.35		$0.00		$119.12	
Change In Net Assets	($6,647.03)		($373,410.56)		($7,856,027.15)		$0.00		($8,236,084.74)	

Net Assets At Beginning Of Year	
$3,898.69		
$865,543.13		
$6,835,756.09		
$0.00		
$7,705,197.91	

Net Assets At End Of Year	

($2,748.34)		

$492,132.57		

($1,020,271.06)		

$0.00		

($530,886.83)	

Laurel Road CDD
Budget to Actual
For the Month Ending 03/31/2023

Year To Date

	Actual		Budget	Variance		FY 2023
Adopted Budget	

Revenues						
Off-Roll Assessments	$	13,502.85		$	-	$	13,502.85		$	-	
Developer Contributions	31,672.43		136,866.50	(105,194.07)		273,733.00	
Other Income & Other Financing Sources	0.64		-	0.64		-	
Net Revenues	$	45,175.92		 	
$	136,866.50	$	(91,690.58)		$	273,733.00	

General & Administrative Expenses						
Supervisor Fees	$	6,000.00		$	6,450.00		$	(450.00)		$	12,900.00	
Public Officials' Liability Insurance	2,504.00		-		2,504.00		-	
Trustee Services	3,524.39		3,000.00		524.39		6,000.00	
Management	24,000.00		24,000.00		-		48,000.00	
Engineering	-		7,500.00		(7,500.00)		15,000.00	
Dissemination Agent	-		500.00		(500.00)		1,000.00	
District Counsel	2,651.00		12,500.00		(9,849.00)		25,000.00	
Assessment Administration	-		2,750.00		(2,750.00)		5,500.00	
Audit	4,500.00		3,250.00		1,250.00		6,500.00	
Arbitrage Calculation	-		250.00		(250.00)		500.00	
Telephone	-		100.00		(100.00)		200.00	
Postage & Shipping	5.64		250.00		(244.36)		500.00	
Legal Advertising	2,378.92		4,000.00		(1,621.08)		8,000.00	
Miscellaneous	-		295.50		(295.50)		590.00	
Office Supplies	125.00		250.00		(125.00)		500.00	
Web Site Maintenance	2,900.00		457.50		2,442.50		915.00	
Dues, Licenses, and Fees	175.00		87.50		87.50		175.00	
Maintenance Staff	-		10,000.00		(10,000.00)		20,000.00	
Lifestyle Staff	-		10,000.00		(10,000.00)		20,000.00	
Total General & Administrative Expenses	$	48,763.95		$	85,640.50		$	(36,876.55)		$	171,280.00	

Field Operations Expenses

Electric	$	-		$	1,750.00		$	(1,750.00)		$	3,500.00	
Water Reclaimed	-		2,500.00		(2,500.00)		5,000.00	
Equipment Rental	-		3,000.00		(3,000.00)		6,000.00	
General Insurance	3,059.00		2,976.00		83.00		5,952.00	
Property & Casualty Insurance	-		2,550.00		(2,550.00)		5,100.00	
Irrigation	-		100.00		(100.00)		200.00	
Lake Maintenance	-		9,000.00		(9,000.00)		18,000.00	
Landscaping Maintenance & Material	-		12,500.00		(12,500.00)		25,000.00	
Landscape Improvements	-		1,250.00		(1,250.00)		2,500.00	
Contingency	-		5,000.00		(5,000.00)		10,000.00	
Gate - Repairs & Maintenance	-		500.00		(500.00)		1,000.00	
Street Sweeping	-		7,500.00		(7,500.00)		15,000.00	
Lighting	-		100.00		(100.00)		200.00	
Bike Share	-		2,500.00		(2,500.00)		5,000.00	
Total Field Operations Expenses	$	3,059.00		$	51,226.00		$	(48,167.00)		$	102,452.00	

Total Expenses	 $	51,822.95   $	136,866.50 	 $	(85,043.55)	 $	273,732.00  Net Income (Loss)		$		(6,647.03)	$		-		$		(6,647.03)		$		1.00 *

* The prior management company did not balance the budget for the Board.	Page 1 of 1