Laurel Road Community Development District
3501 Quadrangle Boulevard, Suite 270, Orlando, FL 32817
Phone 407-723-5900; Fax 407-723-5901
https://laurelroadcdd.com/

The following is the agenda for the Board of Supervisors Meeting for the Laurel Road Community Development District scheduled to be held Wednesday, August 9, 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: 2536 634 0209
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 July 12, 2023, Board of Supervisors’ Meeting

Business Matters
Public Hearing on the Adoption of the District’s Annual Budget
Public Comments and Testimony
Board Comments
Consideration of Resolution 2023-13, Adopting the Fiscal Year 2024 Budget and Appropriating Funds
Public Hearing on the Imposition of Special Assessments
Public Comments and Testimony
Board Comments
Consideration of Resolution 2023-14, Adopting an Assessment Roll for Fiscal Year 2024, and Certifying Special Assessments for Collection
Consideration of Resolution 2023-15, Adopting the Annual Meeting Schedule for Fiscal Year 2023-2024
Consideration of Request from MI Homes for Encroachment
Ratification of AM Engineering 2023 Budget for District Engineer Representation
Ratification of LRK Work Authorization No. 07 for Vistera Amenity
Ratification of LRK Work Authorization No. 08 for Vistera Amenity Entry Feature
Ratification of LRK Work Authorization No. 10 for Vistera Amenity
Ratification of Bay Area Bobcat Proposal for Earthwork
Ratification of FEDCO Change Order No. 01 for Vistera Phase 1A

Ratification of Funding Requests Nos. 117 - 118
Ratification of Payment Authorizations Nos. 008 - 010
Review of District Financial Statements
Other Business Staff Reports
District Counsel District Engineer District Manager

Supervisor Requests and Comments Adjournment

Laurel Road Community Development District

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

MINUTES OF MEETING

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

Board Members present at roll call:

Pete Williams	Chairperson	(via phone)	
Janice Snow	Vice Chairperson		
John Blakley	Assistant Secretary		
John Leinaweaver	Assistant Secretary		
Dale Weidemiller	Assistant Secretary		
Also present at roll call via speakerphone or in-person:	
Vivian Carvalho	PFM Group Consulting LLC - District Manager		
Venessa Ripoll	PFM Group Consulting LLC - District Manager	(via phone)	
Jorge Jimenez	PFM Group Consulting LLC - ADM	(via phone)	
Amanda Lane	PFM Group Consulting LLC - District Accountant	(via phone)	
Ed Vogler	District Counsel	(via phone)	
Tom Panaseny	Neal Communities	(via phone)	
Jim Schier	Neal Communities		

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.

Consideration of the Minutes of the June 14, 2023, Board of Supervisors’ Meeting

The Board reviewed the minutes.

ON MOTION by Ms. Snow, seconded by Mr. Leinaweaver, with all in favor, the Board approved the Minutes of the June 14, 2023, Board of Supervisors’ Meeting.

SECOND ORDER OF BUSINESS	Business Matters

Ratification of Vistera of Venice Change Order No. 16 with Forsberg Construction

ON MOTION by Mr. Weidemiller, seconded by Mr. Blakley, with all in favor, the Board ratified the Vistera of Venice Change Order No. 16 with Forsberg Construction.

Ratification of Funding Requests Nos. 113 – 115

The Board reviewed the funding requests.

ON MOTION by Mr. Weidemiller, seconded by Mr. Leinaweaver, with all in favor, the Board ratified funding requests Nos. 113 – 115.

Ratification of Payment Authorizations Nos. 006 – 007

The Board reviewed the payment authorizations.

ON MOTION by Ms. Snow, seconded by Mr. Blakley, with all in favor, the Board ratified Payment Authorizations Nos. 006 – 007.

Review of District Financial Statements

The Board reviewed the District Financial Statements as of May 31, 2023.

ON MOTION by Mr. Weidemiller, 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 –	No report.		

District Engineer –	Not present.

District Manager –	Ms. Carvalho stated that the next Board meeting is scheduled for August 9, 2023 at 12:30 p.m. which is the Budget meeting and will require quorum.

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 Ms. Snow, seconded by Mr. Blakley, with all in favor, the July 12, 2023, Board of Supervisors’ Meeting for the Laurel Road Community Development District was adjourned at 12:35 p.m.

Secretary / Assistant Secretary	Chairperson / Vice Chairperson

Laurel Road Community Development District

Resolution 2023-13,
Adopting the Fiscal Year 2024 Budget and Appropriating Funds

RESOLUTION 2023-13

THE ANNUAL APPROPRIATION RESOLUTION OF THE LAUREL ROAD COMMUNITY DEVELOPMENT DISTRICT (“DISTRICT”) RELATING TO THE ANNUAL APPROPRIATIONS AND ADOPTING THE BUDGET(S) FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2023, AND ENDING SEPTEMBER 30, 2024; AUTHORIZING BUDGET AMENDMENTS; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the District Manager has, prior to the fifteenth (15th) day in June, 2023, submitted to the Board of Supervisors (“Board”) of the Laurel Road Community Development District (“District”) proposed budget(s) (“Proposed Budget”) for the fiscal year beginning October 1, 2023 and ending September 30, 2024 (“Fiscal Year 2023/2024”) along with an explanatory and complete financial plan for each fund of the District, pursuant to the provisions of Section 190.008(2)(a), Florida Statutes; and

WHEREAS, at least sixty (60) days prior to the adoption of the Proposed Budget, the District filed a copy of the Proposed Budget with the local governing authorities having jurisdiction over the area included in the District pursuant to the provisions of Section 190.008(2)(b), Florida Statutes; and

WHEREAS, the Board set a public hearing thereon and caused notice of such public hearing to be given by publication pursuant to Section 190.008(2)(a), Florida Statutes; and

WHEREAS, the District Manager posted the Proposed Budget on the District’s website at least two days before the public hearing; and

WHEREAS, Section 190.008(2)(a), Florida Statutes, requires that, prior to October 1st of each year, the Board, by passage of the Annual Appropriation Resolution, shall adopt a budget for the ensuing fiscal year and appropriate such sums of money as the Board deems necessary to defray all expenditures of the District during the ensuing fiscal year; and

WHEREAS, the District Manager has prepared a Proposed Budget, whereby the budget shall project the cash receipts and disbursements anticipated during a given time period, including reserves for contingencies for emergency or other unanticipated expenditures during the fiscal year.

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

SECTION 1. BUDGET

The Board has reviewed the Proposed Budget, a copy of which is on file with the office of the District Manager and at the District’s Local Records Office, and hereby approves certain amendments thereto, as shown in Section 2 below.

b.	The Proposed Budget, attached hereto as Exhibit “A,” as amended by the Board,
is hereby adopted in accordance with the provisions of Section 190.008(2)(a), Florida Statutes (“Adopted Budget”), and incorporated herein by reference; provided, however, that the comparative figures contained in the Adopted Budget may be subsequently revised as deemed necessary by the District Manager to reflect actual revenues and expenditures.	
c.	The Adopted Budget, as amended, shall be maintained in the office of the District Manager and at the District’s Local Records Office and identified as “The Budget for the Laurel Road Community Development District for the Fiscal Year Ending September 30, 2024.”	
d.	The Adopted Budget shall be posted by the District Manager on the District’s official website within thirty (30) days after adoption, and shall remain on the	
website for at least 2 years.

SECTION 2.	APPROPRIATIONS

There is hereby appropriated out of the revenues of the Laurel Road Community Development District, for Fiscal Year 2023/2024, sum of $	 to be raised by the levy of assessments and otherwise, which sum is deemed by the Board of Supervisors to be necessary to defray all expenditures of the District during said budget year, to be divided and appropriated in the following fashion:

TOTAL GENERAL FUND	$	

DEBT SERVICE FUND – SERIES 2021A-1	$	

DEBT SERVICE FUND – SERIES 2021A-2	$	

TOTAL ALL FUNDS	$	

SECTION 3.	BUDGET AMENDMENTS

Pursuant to Section 189.016, Florida Statutes, the District at any time within Fiscal Year 2023/2024 or within 60 days following the end of the Fiscal Year 2023/2024 may amend its Adopted Budget for that fiscal year as follows:

The Board may authorize an increase or decrease in line item appropriations within a fund by motion recorded in the minutes if the total appropriations of the fund do not increase.

The District Manager or Treasurer may authorize an increase or decrease in line item appropriations within a fund if the total appropriations of the fund do not increase and if the aggregate change in the original appropriation item does not exceed $10,000 or 10% of the original appropriation.

By resolution, the Board may increase any appropriation item and/or fund to reflect receipt of any additional unbudgeted monies and make the corresponding change to appropriations or the unappropriated balance.

Any other budget amendments shall be adopted by resolution and consistent with Florida law.

The District Manager or Treasurer must establish administrative procedures to ensure that any budget amendments are in compliance with this Section 3 and Section 189.016 of the Florida Statutes, among other applicable laws. Among other procedures, the District Manager or Treasurer must ensure that any amendments to budget(s) under subparagraphs c. and d. above are posted on the District’s website within 5 days after adoption. If the District does not yet have its own website, the District's Secretary is directed to transmit such amendments to the manager or administrator of Sarasota County for posting on its website.

SECTION 4.  EFFECTIVE DATE. This Resolution shall take effect immediately upon adoption.

PASSED AND ADOPTED THIS 9TH DAY OF AUGUST 2023.

ATTEST:	LAUREL ROAD COMMUNITY DEVELOPMENT DISTRICT

Secretary/Assistant Secretary	Chair/Vice Chair

Exhibit A: Fiscal Year 2023/2024 Budgets

Exhibit A

Laurel Road CDD
FY 2024 Approved Proposed O&M Budget

Actual Through 06/30/2023

Revenues			
On-Roll Assessments	$	-	
Off-Roll Assessments		13,502.85	
Developer Contributions		99,883.78	
Other Income & Other Financing Sources		0.64	
Net Revenues	$	113,387.27	
General & Administrative Expenses			
Supervisor Fees	$	8,800.00	
Public Officials' Liability Insurance		2,504.00	
Trustee Services		3,524.39	
Management		36,000.00	
Engineering		-	
Disclosure		500.00	
District Counsel		3,678.50	
Assessment Administration		-	
Reamortization Schedules		-	
Audit		5,500.00	
Arbitrage		-	
Telephone		-	
Postage & Shipping		7.44	
Legal Advertising		2,857.42	
Miscellaneous		-	
Office Supplies		125.00	
Web Site Maintenance		4,250.00	
Dues, Licenses, and Fees		175.00	
Lifestyle Staff		-	
Maintenance Staff		-	
Resident Services		-	
Total General & Administrative Expenses	$	67,921.75	

Field Expenses			
Electric		-	
Equipment Rental		-	
General Insurance		3,059.00	
Property & Casualty Insurance		-	
Water Reclaimed		-	
Mitigation		-	
Stormwater - Repair and Maintenance		-	
Irrigation - Repair and Maintenance		-	
Lake Maintenance		-	
Landscaping Maintenance & Material		-	
Landscape Improvements		-	
Wetland Mitigation		-	
Contingency		-	
Equipment Repair & Maintenance		-	
Street Sweeping		-	
Lighting		-	
Streetlights - Leasing		-	
Gate Maintenance		-	
Bike Share		-	
Total Field Expenses	$	3,059.00	

Anticipated 07/2023 -
09/2023

$	-
-
-
-

$	-

FY 2024
Anticipated FY		FY 2023	Approved 2023 Total	Adopted Budget	 Proposed
Budget

$	-		$	315,276.88	
	-			54,730.39	
	273,733.00			-	
	-			-	
$	273,733.00		$	370,007.27	

$	
12,900.00		
$	
12,000.00	
	-			3,000.00	
	6,000.00			4,000.00	
	48,000.00			52,800.00	
	15,000.00			15,000.00	
	1,000.00			1,000.00	
	25,000.00			25,000.00	
	5,500.00			5,500.00	
	-			125.00	
	6,500.00			6,500.00	
	500.00			500.00	
	200.00			200.00	
	500.00			500.00	
	8,000.00			8,000.00	
	590.00			600.00	
	500.00			530.00	
	915.00			3,000.00	
	175.00			175.00	
	20,000.00			20,000.00	
	20,000.00			20,000.00	
	-			10,000.00	
$	171,280.00		$	188,430.00	
	
3,500.00			
3,500.00	
	6,000.00			6,000.00	
	5,952.00			5,952.00	
	5,100.00			5,100.00	
	5,000.00			5,000.00	
	-			-	
	-			-	
	200.00			200.00	
	18,000.00			18,000.00	
	25,000.00			25,000.00	
	2,500.00			2,500.00	
	-			-	
	10,000.00			10,000.00	
	-			-	
	15,000.00			15,000.00	
	200.00			200.00	
	-			35,000.00	
	1,000.00			1,000.00	
	5,000.00			2,500.00	
$	102,452.00		$	134,952.00	

$	-
13,502.85
99,883.78

$	-		$	113,387.27	

$	
3,000.00		
$	
11,800.00	
	-			2,504.00	
	-			3,524.39	
	12,000.00			48,000.00	
	3,750.00			3,750.00	
	500.00			1,000.00	
	1,226.16			4,904.66	
	-			-	
	-			-	
	-			5,500.00	
	-			-	
	-			-	
	2.49			9.93	
	952.47			3,809.89	
	-			-	
	-			125.00	
	1,050.00			5,300.00	
	-			175.00	
	-			-	
	-			-	
	-			-	
$	22,481.12		$	90,402.87	
	
-			
-	
	-			-	
	-			3,059.00	
	-			-	
	-			-	
	-			-	
	-			-	
	-			-	
	-			-	
	-			-	
	-			-	
	-			-	
	-			-	
	-			-	
	-			-	
	-			-	
	-			-	
	-			-	
	-			-	

0.64

$	3,059.00

Laurel Road CDD
FY 2024 Approved Proposed O&M Budget

Actual Through 06/30/2023	Anticipated 07/2023 -
09/2023	
Anticipated FY 2023 Total	
FY 2023
Adopted Budget	FY 2024
Approved 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	
 $	70,980.75 	
 $	22,481.12 	
 $	93,461.87 	
 $	273,732.00 	
 $	

$	
370,007.27 	
Net Income (Loss)	

$	42,406.52	

$	(22,481.12)	

$	19,925.40	

$	1.00 *		-	

Laurel Road CDD Approved Proposed FY 2024
Debt Service Budget

	Series 2021A-1		Series 2021A-2	
REVENUES:				
Special Assessments	$	857,583.75		$	460,078.14	
TOTAL REVENUES	 $	857,583.75 		 $	460,078.14 	

EXPENDITURES:				
Interest 11/01/2023	$	205,256.25		$	153,359.38	
Interest 05/01/2024	205,256.25		153,359.38	
Principal 05/01/2024	245,000.00		-	
TOTAL EXPENDITURES	 $	655,512.50 		 $	306,718.76 	

EXCESS REVENUES	

 $	202,071.25 		

 $	153,359.38 	

Interest 11/01/2024	

$	202,071.25		

$	153,359.38	

Page 1 of 1

Laurel Road Community Development District

Resolution 2023-14, Adopting an Assessment Roll for Fiscal Year 2024, and
Certifying Special Assessments for Collection

RESOLUTION 2023-14

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE LAUREL ROAD COMMUNITY DEVELOPMENT DISTRICT MAKING A DETERMINATION OF BENEFIT AND IMPOSING SPECIAL ASSESSMENTS FOR FISCAL YEAR 2023/2024; PROVIDING FOR THE COLLECTION AND ENFORCEMENT OF SPECIAL ASSESSMENTS, INCLUDING BUT NOT LIMITED TO PENALTIES AND INTEREST THEREON; CERTIFYING AN ASSESSMENT ROLL; PROVIDING FOR AMENDMENTS TO THE ASSESSMENT ROLL; PROVIDING A SEVERABILITY CLAUSE; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the Laurel Road Community Development District (“District”) is a local unit of special-purpose government established pursuant to Chapter 190, Florida Statutes, for the purpose of providing, operating and maintaining infrastructure improvements, facilities and services to the lands within the District; and

WHEREAS, the District has constructed or acquired various infrastructure improvements and provides certain services in accordance with the District’s adopted capital improvement plan and Chapter 190, Florida Statutes; and

WHEREAS, the Board of Supervisors (“Board”) of the District has determined to undertake various operations and maintenance and other activities described in the District’s budget (“Adopted Budget”) for the fiscal year beginning October 1, 2023 and ending September 30, 2024 (“Fiscal Year 2023/2024”), attached hereto as Exhibit A; and

WHEREAS, the District must obtain sufficient funds to provide for the operation and maintenance of the services and facilities provided by the District as described in the District’s Budget; and

WHEREAS, the provision of such services, facilities, and operations is a benefit to lands within the District; and

WHEREAS, Chapter 190, Florida Statutes, provides that the District may impose special assessments on benefitted lands within the District; and

WHEREAS, it is in the best interests of the District to proceed with the imposition of the special assessments for operations and maintenance in the amount set forth in the Budget; and

WHEREAS, the District has previously levied an assessment for debt service, which the District desires to collect for Fiscal Year 2023/2024; and

WHEREAS, Chapter 197, Florida Statutes, provides a mechanism pursuant to which such special assessments may be placed on the tax roll and collected by the local tax collector (“Uniform Method”), and the District has previously authorized the use of the Uniform Method by, among other things, entering into agreements with the Property Appraiser and Tax Collector of the County for that purpose; and

WHEREAS, it is in the best interests of the District to adopt the assessment roll (“Assessment Roll”) attached to this Resolution as Exhibit “B,” and to certify the portion of the Assessment Roll related to certain developed property (“Tax Roll Property”) to the County Tax Collector pursuant to the Uniform Method and to directly collect the portion of the Assessment Roll relating to the remaining property (“Direct Collect Property”), all as set forth in Exhibit “B;” and

WHEREAS, it is in the best interests of the District to permit the District Manager to amend the Assessment Roll adopted herein, including that portion certified to the County Tax Collector by this Resolution, as the Property Appraiser updates the property roll for the County, for such time as authorized by Florida law.

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

SECTION 1. BENEFIT. The provision of the services, facilities, and operations as described in Exhibit “A” confers a special and peculiar benefit to the lands within the District, which benefit exceeds or equals the cost of the assessments. The allocation of the assessments to the specially benefitted lands is shown in Exhibits “A” and “B,” and is hereby found to be fair and reasonable.

SECTION 2.  ASSESSMENT IMPOSITION. Pursuant to Chapter 190 of the Florida Statutes, and using the procedures authorized by Florida law for the levy and collection of special assessments, a special assessment for operation and maintenance is hereby imposed and levied on benefitted lands within the District and in accordance with Exhibits “A” and “B.” The lien of the special assessments for operations and maintenance imposed and levied by this Resolution shall be effective upon passage of this Resolution.

SECTION 3.	Collection and Enforcement; Penalties; Interest.

Tax Roll Assessments. The operations and maintenance special assessments and previously levied debt service special assessments imposed on the Tax Roll Property shall be collected at the same time and in the same manner as County taxes in accordance with the Uniform Method, as set forth in Exhibits “A” and “B.”

Direct Bill Assessments. The operations and maintenance special assessments and previously levied debt service special assessments imposed on the Direct Collect Property shall be collected directly by the District in accordance with Florida law, as set forth in Exhibits “A” and “B.” Assessments directly collected by the District are due in full on December 1, 2023; provided, however, that, to the extent permitted by law, the assessments due may be paid in several partial, deferred payments and according to the following schedule: 50% due no later than December 1, 2023, 25% due no later than February 1, 2024 and 25% due no later than May 1, 2024. In the event that an assessment payment is not made in accordance with the schedule stated above, the whole assessment – including any remaining partial, deferred payments for Fiscal Year 2023/2024, shall immediately become due and payable; shall accrue interest, penalties in the amount of one percent (1%) per month, and all costs of collection and

enforcement; and shall either be enforced pursuant to a foreclosure action, or, at the District’s sole discretion, collected pursuant to the Uniform Method on a future tax bill, which amount may include penalties, interest, and costs of collection and enforcement. Any prejudgment interest on delinquent assessments shall accrue at the applicable statutory prejudgment interest rate. In the event an assessment subject to direct collection by the District shall be delinquent, the District Manager and District Counsel, without further authorization by the Board, may initiate foreclosure proceedings pursuant to Chapter 170 of the Florida Statutes or other applicable law to collect and enforce the whole assessment, as set forth herein.

Future Collection Methods. The decision to collect special assessments by any particular method – e.g., on the tax roll or by direct bill – does not mean that such method will be used to collect special assessments in future years, and the District reserves the right in its sole discretion to select collection methods in any given year, regardless of past practices.

SECTION 4. ASSESSMENT ROLL. The District's Assessment Roll, attached to this Resolution as Exhibit “B,” is hereby certified for collection. That portion of the District’s Assessment Roll which includes the Tax Roll Property is hereby certified to the County Tax Collector and shall be collected by the County Tax Collector in the same manner and time as County taxes. The proceeds therefrom shall be paid to the District.

SECTION 5. Assessment Roll Amendment. The District Manager shall keep apprised of all updates made to the County property roll by the Property Appraiser after the date of this Resolution, and shall amend the District’s Assessment Roll in accordance with any such updates, for such time as authorized by Florida law, to the County property roll. After any amendment of the Assessment Roll, the District Manager shall file the updates in the District records.

SECTION 6.  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.

SECTION 7.  EFFECTIVE DATE. This Resolution shall take effect upon the passage and adoption of this Resolution by the Board.

PASSED AND ADOPTED this 9th day of August 2023

ATTEST:	LAUREL ROAD COMMUNITY
DEVELOPMENT DISTRICT

Secretary/ Assistant Secretary	Chair/Vice Chair

Exhibit A: Budget
Exhibit B: Assessment Roll

Exhibit A

Laurel Road CDD
FY 2024 Approved Proposed O&M Budget

Actual Through 06/30/2023

Revenues			
On-Roll Assessments	$	-	
Off-Roll Assessments		13,502.85	
Developer Contributions		99,883.78	
Other Income & Other Financing Sources		0.64	
Net Revenues	$	113,387.27	
General & Administrative Expenses			
Supervisor Fees	$	8,800.00	
Public Officials' Liability Insurance		2,504.00	
Trustee Services		3,524.39	
Management		36,000.00	
Engineering		-	
Disclosure		500.00	
District Counsel		3,678.50	
Assessment Administration		-	
Reamortization Schedules		-	
Audit		5,500.00	
Arbitrage		-	
Telephone		-	
Postage & Shipping		7.44	
Legal Advertising		2,857.42	
Miscellaneous		-	
Office Supplies		125.00	
Web Site Maintenance		4,250.00	
Dues, Licenses, and Fees		175.00	
Lifestyle Staff		-	
Maintenance Staff		-	
Resident Services		-	
Total General & Administrative Expenses	$	67,921.75	

Field Expenses			
Electric		-	
Equipment Rental		-	
General Insurance		3,059.00	
Property & Casualty Insurance		-	
Water Reclaimed		-	
Mitigation		-	
Stormwater - Repair and Maintenance		-	
Irrigation - Repair and Maintenance		-	
Lake Maintenance		-	
Landscaping Maintenance & Material		-	
Landscape Improvements		-	
Wetland Mitigation		-	
Contingency		-	
Equipment Repair & Maintenance		-	
Street Sweeping		-	
Lighting		-	
Streetlights - Leasing		-	
Gate Maintenance		-	
Bike Share		-	
Total Field Expenses	$	3,059.00	

Anticipated 07/2023 -
09/2023

$	-
-
-
-

$	-

FY 2024
Anticipated FY		FY 2023	Approved 2023 Total	Adopted Budget	 Proposed
Budget

$	-		$	315,276.88	
	-			54,730.39	
	273,733.00			-	
	-			-	
$	273,733.00		$	370,007.27	

$	
12,900.00		
$	
12,000.00	
	-			3,000.00	
	6,000.00			4,000.00	
	48,000.00			52,800.00	
	15,000.00			15,000.00	
	1,000.00			1,000.00	
	25,000.00			25,000.00	
	5,500.00			5,500.00	
	-			125.00	
	6,500.00			6,500.00	
	500.00			500.00	
	200.00			200.00	
	500.00			500.00	
	8,000.00			8,000.00	
	590.00			600.00	
	500.00			530.00	
	915.00			3,000.00	
	175.00			175.00	
	20,000.00			20,000.00	
	20,000.00			20,000.00	
	-			10,000.00	
$	171,280.00		$	188,430.00	
	
3,500.00			
3,500.00	
	6,000.00			6,000.00	
	5,952.00			5,952.00	
	5,100.00			5,100.00	
	5,000.00			5,000.00	
	-			-	
	-			-	
	200.00			200.00	
	18,000.00			18,000.00	
	25,000.00			25,000.00	
	2,500.00			2,500.00	
	-			-	
	10,000.00			10,000.00	
	-			-	
	15,000.00			15,000.00	
	200.00			200.00	
	-			35,000.00	
	1,000.00			1,000.00	
	5,000.00			2,500.00	
$	102,452.00		$	134,952.00	

$	-
13,502.85
99,883.78

$	-		$	113,387.27	

$	
3,000.00		
$	
11,800.00	
	-			2,504.00	
	-			3,524.39	
	12,000.00			48,000.00	
	3,750.00			3,750.00	
	500.00			1,000.00	
	1,226.16			4,904.66	
	-			-	
	-			-	
	-			5,500.00	
	-			-	
	-			-	
	2.49			9.93	
	952.47			3,809.89	
	-			-	
	-			125.00	
	1,050.00			5,300.00	
	-			175.00	
	-			-	
	-			-	
	-			-	
$	22,481.12		$	90,402.87	
	
-			
-	
	-			-	
	-			3,059.00	
	-			-	
	-			-	
	-			-	
	-			-	
	-			-	
	-			-	
	-			-	
	-			-	
	-			-	
	-			-	
	-			-	
	-			-	
	-			-	
	-			-	
	-			-	
	-			-	

0.64

$	3,059.00

Laurel Road CDD
FY 2024 Approved Proposed O&M Budget

Actual Through 06/30/2023	Anticipated 07/2023 -
09/2023	
Anticipated FY 2023 Total	
FY 2023
Adopted Budget	FY 2024
Approved 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	
 $	70,980.75 	
 $	22,481.12 	
 $	93,461.87 	
 $	273,732.00 	
 $	

$	
370,007.27 	
Net Income (Loss)	

$	42,406.52	

$	(22,481.12)	

$	19,925.40	

$	1.00 *		-	

Laurel Road CDD Approved Proposed FY 2024
Debt Service Budget

	Series 2021A-1		Series 2021A-2	
REVENUES:				
Special Assessments	$	857,583.75		$	460,078.14	
TOTAL REVENUES	 $	857,583.75 		 $	460,078.14 	

EXPENDITURES:				
Interest 11/01/2023	$	205,256.25		$	153,359.38	
Interest 05/01/2024	205,256.25		153,359.38	
Principal 05/01/2024	245,000.00		-	
TOTAL EXPENDITURES	 $	655,512.50 		 $	306,718.76 	

EXCESS REVENUES	

 $	202,071.25 		

 $	153,359.38 	

Interest 11/01/2024	

$	202,071.25		

$	153,359.38	

Page 1 of 1

Exhibit B

SARASOTA CO	OM gross	Total Gross	
0389020401	70,688.35	70,688.35	
0389070402	26,174.64	26,174.64	
0389100001	527.53	2,058.92	
0389100002	527.53	2,058.92	
0389100003	527.53	2,058.92	
0389100004	527.53	2,058.92	
0389100005	527.53	2,058.92	
0389100006	527.53	2,058.92	
0389100007	527.53	2,058.92	
0389100008	527.53	2,058.92	
0389100009	527.53	2,058.92	
0389100010	527.53	2,058.92	
0389100011	527.53	2,058.92	
0389100012	527.53	2,058.92	
0389100013	527.53	2,058.92	
0389100014	527.53	2,058.92	
0389100015	527.53	2,058.92	
0389100016	527.53	2,058.92	
0389100017	527.53	2,058.92	
0389100018	527.53	2,058.92	
0389100019	527.53	2,058.92	
0389100020	527.53	2,058.92	
0389100021	527.53	2,058.92	
0389100022	527.53	2,058.92	
0389100023	527.53	2,058.92	
0389100024	527.53	2,058.92	
0389100025	527.53	2,058.92	
0389100026	527.53	2,058.92	
0389100027	527.53	2,058.92	
0389100028	527.53	2,058.92	
0389100029	527.53	2,058.92	
0389100030	527.53	2,058.92	
0389100031	527.53	2,058.92	
0389100032	527.53	2,058.92	
0389100033	527.53	2,058.92	
0389100034	527.53	2,058.92	
0389100035	527.53	2,058.92	
0389100036	527.53	2,058.92	
0389100037	527.53	2,058.92	
0389100038	527.53	2,058.92	
0389100039	527.53	2,058.92	
0389100040	527.53	2,058.92	
0389100041	527.53	2,058.92	
0389100042	527.53	2,058.92	
0389100043	527.53	2,058.92	
0389100044	527.53	2,058.92	
0389100045	527.53	2,058.92	
0389100046	527.53	2,058.92	

0389100048	527.53	2,058.92	
0389100049	527.53	2,058.92	
0389100050	527.53	2,058.92	
0389100051	527.53	2,058.92	
0389100052	527.53	2,058.92	
0389100053	527.53	2,058.92	
0389100054	527.53	2,058.92	
0389100055	527.53	2,058.92	
0389100056	527.53	2,058.92	
0389100057	527.53	2,058.92	
0389100058	527.53	2,058.92	
0389100059	527.53	2,058.92	
0389100060	527.53	2,058.92	
0389100061	527.53	2,058.92	
0389100062	527.53	2,058.92	
0389100063	527.53	2,058.92	
0389100064	527.53	2,058.92	
0389100065	527.53	2,058.92	
0389100066	527.53	2,058.92	
0389100067	527.53	2,058.92	
0389100068	527.53	2,058.92	
0389100069	527.53	2,058.92	
0389100070	527.53	2,058.92	
0389100071	527.53	2,058.92	
0389100072	527.53	2,058.92	
0389100073	527.53	2,058.92	
0389100074	527.53	2,058.92	
0389100075	527.53	2,058.92	
0389100076	527.53	2,058.92	
0389100077	527.53	2,058.92	
0389100078	527.53	2,058.92	
0389100079	527.53	2,058.92	
0389100080	527.53	2,058.92	
0389100081	527.53	2,058.92	
0389100082	527.53	2,058.92	
0389100083	527.53	2,058.92	
0389100084	527.53	2,058.92	
0389100085	527.53	2,058.92	
0389100086	527.53	2,058.92	
0389100087	527.53	2,058.92	
0389100088	527.53	2,058.92	
0389100089	527.53	2,058.92	
0389100090	527.53	2,058.92	
0389100091	527.53	2,058.92	
0389100092	527.53	2,058.92	
0389100093	527.53	2,058.92	
0389100094	527.53	2,058.92	
0389100095	527.53	2,058.92	
0389100096	527.53	2,058.92	

0389100098	527.53	2,058.92	
0389100099	527.53	2,058.92	
0389100100	527.53	2,058.92	
0389100101	527.53	2,058.92	
0389100102	527.53	2,058.92	
0389100103	527.53	2,058.92	
0389100104	527.53	2,058.92	
0389100105	527.53	2,058.92	
0389100106	527.53	2,058.92	
0389100107	527.53	2,058.92	
0389100108	527.53	2,058.92	
0389100109	527.53	2,058.92	
0389100110	527.53	2,058.92	
0389100111	527.53	2,058.92	
0389100112	527.53	2,058.92	
0389100113	527.53	2,058.92	
0389100114	527.53	2,058.92	
0389100115	527.53	2,058.92	
0389100116	527.53	2,058.92	
0389100117	527.53	2,058.92	
0389100118	527.53	2,058.92	
0389100119	527.53	2,058.92	
0389100120	527.53	2,058.92	
0389100121	527.53	2,058.92	
0389100122	527.53	2,058.92	
0390020123	562.70	2,196.17	
0390020124	562.70	2,196.17	
0390020125	562.70	2,196.17	
0390020126	562.70	2,196.17	
0390020127	562.70	2,196.17	
0390020128	562.70	2,196.17	
0390020129	562.70	2,196.17	
0390020130	562.70	2,196.17	
0390020131	562.70	2,196.17	
0390020132	562.70	2,196.17	
0390020133	562.70	2,196.17	
0390020134	562.70	2,196.17	
0390020135	562.70	2,196.17	
0390020136	562.70	2,196.17	
0390020137	562.70	2,196.17	
0390020138	562.70	2,196.17	
0390020139	562.70	2,196.17	
0390020140	562.70	2,196.17	
0390020141	562.70	2,196.17	
0390020142	562.70	2,196.17	
0390020143	562.70	2,196.17	
0390020144	562.70	2,196.17	
0390020145	562.70	2,196.17	
0390020146	562.70	2,196.17	

0390020148	562.70	2,196.17	
0390020149	562.70	2,196.17	
0390020150	562.70	2,196.17	
0390020151	562.70	2,196.17	
0390020152	562.70	2,196.17	
0390020153	562.70	2,196.17	
0390020154	562.70	2,196.17	
0390020155	562.70	2,196.17	
0390020156	562.70	2,196.17	
0390020157	562.70	2,196.17	
0390020158	562.70	2,196.17	
0390020159	562.70	2,196.17	
0390020160	562.70	2,196.17	
0390020161	562.70	2,196.17	
0390020162	562.70	2,196.17	
0390020163	562.70	2,196.17	
0390020164	562.70	2,196.17	
0390020165	562.70	2,196.17	
0390020166	562.70	2,196.17	
0390020167	562.70	2,196.17	
0390020168	562.70	2,196.17	
0390020169	562.70	2,196.17	
0390020170	562.70	2,196.17	
0390020171	562.70	2,196.17	
0390020172	562.70	2,196.17	
0390020173	562.70	2,196.17	
0390020174	562.70	2,196.17	
0390020175	562.70	2,196.17	
0390020176	562.70	2,196.17	
0390020177	562.70	2,196.17	
0390020178	562.70	2,196.17	
0390020179	562.70	2,196.17	
0390020180	562.70	2,196.17	
0390020181	562.70	2,196.17	
0390020182	562.70	2,196.17	
0390020183	562.70	2,196.17	
0390020184	562.70	2,196.17	
0390020185	562.70	2,196.17	
0390020186	562.70	2,196.17	
0390020187	562.70	2,196.17	
0390020188	562.70	2,196.17	
0390020189	562.70	2,196.17	
0390020190	562.70	2,196.17	
0390020191	562.70	2,196.17	
0390020192	562.70	2,196.17	
0390020193	562.70	2,196.17	
0390020194	562.70	2,196.17	
0390020195	562.70	2,196.17	
0390020196	562.70	2,196.17	

0389100198	633.04	2,470.71	
0389100199	633.04	2,470.71	
0389100200	633.04	2,470.71	
0389100201	633.04	2,470.71	
0389100202	633.04	2,470.71	
0389100203	633.04	2,470.71	
0389100204	633.04	2,470.71	
0389100205	633.04	2,470.71	
0389100206	633.04	2,470.71	
0389100207	633.04	2,470.71	
0389100208	633.04	2,470.71	
0389100209	633.04	2,470.71	
0389100210	633.04	2,470.71	
0389100211	633.04	2,470.71	
0389100212	633.04	2,470.71	
0389100213	633.04	2,470.71	
0389100214	633.04	2,470.71	
0389100215	633.04	2,470.71	
0389100216	633.04	2,470.71	
0389100217	633.04	2,470.71	
0389100218	633.04	2,470.71	
0389100219	633.04	2,470.71	
0389100220	633.04	2,470.71	
0389100221	633.04	2,470.71	
0389100222	633.04	2,470.71	
0389100223	633.04	2,470.71	
0389100224	633.04	2,470.71	
0389100225	633.04	2,470.71	
0389100226	633.04	2,470.71	
0389100227	633.04	2,470.71	
0389100228	633.04	2,470.71	
0389100229	633.04	2,470.71	
0389100230	633.04	2,470.71	
0389100231	633.04	2,470.71	
0389100232	633.04	2,470.71	
0389100233	633.04	2,470.71	
0389100234	633.04	2,470.71	
0389100235	633.04	2,470.71	
0389100236	633.04	2,470.71	
0389100237	633.04	2,470.71	
0389100238	633.04	2,470.71	
0389100239	633.04	2,470.71	
0389100240	633.04	2,470.71	
0389100241	633.04	2,470.71	
0389100242	633.04	2,470.71	
0389100243	633.04	2,470.71	
0389100244	633.04	2,470.71	
0389100245	633.04	2,470.71	
0389100246	633.04	2,470.71	
0389100247	633.04	2,470.71	

0389100248	633.04	2,470.71	
0389100249	633.04	2,470.71	
0389100250	633.04	2,470.71	
0389100251	633.04	2,470.71	
0389100252	633.04	2,470.71	
0389100253	633.04	2,470.71	
0389100254	633.04	2,470.71	
0389100255	633.04	2,470.71	
0389100256	633.04	2,470.71	
0389100257	633.04	2,470.71	
0389100258	633.04	2,470.71	
0389100259	633.04	2,470.71	
0389100260	633.04	2,470.71	
0389100261	633.04	2,470.71	
0389100262	633.04	2,470.71	
0389100263	633.04	2,470.71	
0389100264	633.04	2,470.71	
0390020265	703.38	2,745.23	
0390020266	703.38	2,745.23	
0390020267	703.38	2,745.23	
0390020268	703.38	2,745.23	
0390020269	703.38	2,745.23	
0390020270	703.38	2,745.23	
0390020271	703.38	2,745.23	
0390020272	703.38	2,745.23	
0390020273	703.38	2,745.23	
0390020274	703.38	2,745.23	
0390020275	703.38	2,745.23	
0390020276	703.38	2,745.23	
0390020277	703.38	2,745.23	
0390020278	703.38	2,745.23	
0390020279	703.38	2,745.23	
0390020280	703.38	2,745.23	
0390020281	703.38	2,745.23	
0390020282	703.38	2,745.23	
0390020283	703.38	2,745.23	
0390020284	703.38	2,745.23	
0390020285	703.38	2,745.23	
0390020286	703.38	2,745.23	
0390020287	703.38	2,745.23	
0390020288	703.38	2,745.23	
0390020289	703.38	2,745.23	
0390020290	703.38	2,745.23	
0390020291	703.38	2,745.23	
0390020292	703.38	2,745.23	
0390020293	703.38	2,745.23	
0390020294	703.38	2,745.23	
0390020295	703.38	2,745.23	
0390020296	703.38	2,745.23	

0390020298	703.38	2,745.23	
0390020299	703.38	2,745.23	
0390020300	703.38	2,745.23	
0390020301	703.38	2,745.23	
0390020302	703.38	2,745.23	
0390020303	703.38	2,745.23	
0390020304	801.85	3,129.56	
0390020305	801.85	3,129.56	
0390020306	801.85	3,129.56	
0390020307	801.85	3,129.56	
0390020308	801.85	3,129.56	
0390020309	801.85	3,129.56	
0390020310	801.85	3,129.56	
0390020311	801.85	3,129.56	
0390020312	801.85	3,129.56	
0390020313	801.85	3,129.56	
0390020314	801.85	3,129.56	
0390020315	801.85	3,129.56	
0390020316	801.85	3,129.56	
0390020317	801.85	3,129.56	
0390020318	801.85	3,129.56	
0390020319	801.85	3,129.56	
0390020320	801.85	3,129.56	
0390020321	801.85	3,129.56	
0390020322	801.85	3,129.56	
0390020323	801.85	3,129.56	
0390020324	801.85	3,129.56	
0390020325	801.85	3,129.56	
0390020326	801.85	3,129.56	
0390020327	801.85	3,129.56	
0390020328	801.85	3,129.56	
0390020329	801.85	3,129.56	
0390020330	801.85	3,129.56	
0390020331	801.85	3,129.56	
0390020332	801.85	3,129.56	
0390020333	801.85	3,129.56	
0390020334	801.85	3,129.56	
0390020335	801.85	3,129.56	
0390020336	801.85	3,129.56	
0390020337	801.85	3,129.56	
0390020338	801.85	3,129.56	
0390020339	801.85	3,129.56	
0390020340	801.85	3,129.56	
0390020341	801.85	3,129.56	
0390020342	801.85	3,129.56	
0390020343	801.85	3,129.56	
0390020344	801.85	3,129.56	
0390020345	801.85	3,129.56	
0390020346	703.38	2,745.23	

0390020348	703.38	2,745.23		
0390020349	703.38	2,745.23		
0390020350	703.38	2,745.23		
0390020351	703.38	2,745.23		
0390020352	703.38	2,745.23		
0390020353	703.38	2,745.23		
0390020354	703.38	2,745.23		
0390020355	703.38	2,745.23		
0390020356	703.38	2,745.23		
0390020357	703.38	2,745.23		
0390020358	703.38	2,745.23		
0390020359	703.38	2,745.23		
0390020360	703.38	2,745.23		
0390020361	703.38	2,745.23		
0390020362	703.38	2,745.23		
0390020363	703.38	2,745.23		
0390020364	703.38	2,745.23		
0390020365	703.38	2,745.23		
0390020366	703.38	2,745.23		
0390020367	703.38	2,745.23		
0390020368	703.38	2,745.23		
0390020369	703.38	2,745.23		
0390020370	703.38	2,745.23		
0390020371	703.38	2,745.23		
0390020372	703.38	2,745.23		
0390020373	703.38	2,745.23		
0390020374	703.38	2,745.23		
0390020375	703.38	2,745.23		
0390020376	703.38	2,745.23		
0390020377	703.38	2,745.23		
0390020378	703.38	2,745.23		
0390020379	703.38	2,745.23		
0390020380	703.38	2,745.23		
0389100381	703.38	2,745.23		
0389100382	562.70	2,196.17		
0389100383	703.38	2,745.23		
0389100384	703.38	2,745.23		
0389100385	703.38	2,745.23		
0389100386	703.38	2,745.23		
0389100387	527.53	2,058.92		
0389100388	527.53	2,058.92		
0389100389	801.85	3,129.56		
0389100390	801.85	3,129.56		
0389100391	703.38	2,745.23		
	339,007.39 = gross on-roll	1,041,934.60	= gross on-roll	
	315,276.87 = net on-roll		
	54,728.64 = net off-roll		
	370,005.51 = net total		
	370,007.27 = net budget		
	(1.76) = Over / (Under) Funded		

Laurel Road Community Development District

Resolution 2023-15,
Adopting the Annual Meeting Schedule for Fiscal Year 2023-2024

RESOLUTION 2023-15

A RESOLUTION OF THE LAUREL ROAD COMMUNITY DEVELOPMENT DISTRICT ADOPTING THE ANNUAL MEETING SCHEDULE FOR FISCAL YEAR 2023-2024

WHEREAS, the Laurel Road Community Development District ("District") is a local unit of special-purpose government created by, and existing pursuant to Chapter 190, Florida Statutes, being situated entirely within the City of Venice, Florida; and

WHEREAS, the Board of Supervisors of the District ("Board") is statutorily authorized to exercise the powers granted to the District; and

WHEREAS, all meetings of the Board shall be open to the public and governed by the provisions of Chapter 286, Florida Statutes; and

WHEREAS, the Board is statutorily required to file annually, with the local governing authority and the Florida Department of Economic Opportunity, a schedule of its regular meetings.

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

SECTION 1. ADOPTING REGULAR MEETING SCHEDULE. Regular meetings of the District's Board shall be held during Fiscal Year 2023/2024 as provided on the schedule attached hereto as Exhibit A.

SECTION 2. FILING REQUIREMENT. In accordance with Section 189.015(1), Florida Statutes, the District's Secretary is hereby directed to file a schedule of the District's regular meetings annually with Sarasota County and the Florida Department of Economic Opportunity.

SECTION 3. EFFECTIVE DATE. This Resolution shall take effect immediately upon adoption.

PASSED AND ADOPTED this 9th day of August 2023.

Attest:	LAUREL ROAD COMMUNITY
DEVELOPMENT DISTRICT

Secretary/Assistant Secretary	Chair/Vice Chair

EXHIBIT A

BOARD OF SUPERVISORS MEETING DATES LAUREL ROAD COMMUNITY DEVELOPMENT DISTRICT
FISCAL YEAR 2023-2024

Wednesday, October 11, 2023
Wednesday, November 8, 2023
Wednesday, December 13, 2023
Wednesday, January 10, 2024
Wednesday, February 14, 2024
Wednesday, March 13, 2024
Wednesday, April 10, 2024
Wednesday, May 8, 2024
Wednesday, June 12, 2024
Wednesday, July 10, 2024
Wednesday, August 14, 2024
Wednesday, September 11, 2024

All meetings will convene at 12:30 p.m. at 5800 Lakewood Ranch Blvd., Sarasota, FL 34240.

Laurel Road Community Development District

MI Homes Request for Encroachment

Jorge Orsini		
From:	Vivian Carvalho	
Sent:
To:
Cc: Subject:
Attachments:	Thursday, July 27, 2023 10:20 AM
Tom Panaseny; Pete Williams; Andy Richardson; Jorge Orsini Bobbi Claybrooke; Venessa Ripoll
RE: [EXT] FW: Lot 384 - Vistera M/I Homes - Drainage Plan for Pool Needed doc03024620230725132436.pdf	

Good morning, Tom,

Yes, we can add to the August meeting.

Jorge‐ Please refer to the attached document / request to add to the August Laurel Road CDD meeting. Thanks,

Vivian Carvalho
Senior District Manager

PFM Group Consulting, LLC
Carvalhov@pfm.com | Phone 407-723-5900 | Fax407-723-5901 | Web pfm.com 3501 Quadrangle Boulevard, Suite 270, Orlando, FL 32817

From: Tom Panaseny <TPanaseny@nealland.com>
Sent: Thursday, July 27, 2023 10:12 AM
To: Vivian Carvalho <carvalhov@pfm.com>; Pete Williams <pete@pwillassoc.com>; Andy Richardson
<arichardson@nealland.com>
Cc: Bobbi Claybrooke <bclaybrooke@amengfl.com>
Subject: FW: [EXT] FW: Lot 384 ‐ Vistera M/I Homes ‐ Drainage Plan for Pool Needed

 ALERT: This message is from an external source.BE CAUTIOUS before clicking any link or attachment	

Please see request from MI Homes to allow an encroachment into the 25’ wide drainage easement in Vistera (Laurel Road CDD)
This is a minor encroachment for Pool and A/C pad and should not present a problem to the District in the future. Can we add this item to the August meeting agenda?
Thanks Tom

Tom Panaseny
VP Land Development

941-328-1054 Ofc
941-328-1100 Fax
813-464-4915 Cell
5824 Lakewood Ranch Blvd Sarasota, FL 34240 TPanaseny@nealland.com

Confidentiality Notice ‐ This message is being sent by or on behalf of Neal Land & Neighborhoods. It is intended exclusively for the individual or entity to which it is addressed. This communication may contain information that is proprietary, privileged or confidential or otherwise legally exempt from disclosure. If you are not the named addressee, you are not authorized to read, print, retain, copy or disseminate this message or any part of it. If you have received this message in error, please notify the sender immediately by e‐mail and delete all copies of this message.

From: Kevin Brown <kbrown@mihomes.com>
Sent: Wednesday, July 26, 2023 3:58 PM
To: Tom Panaseny <TPanaseny@nealland.com>; Andy Richardson <arichardson@nealland.com>
Subject: [EXT] FW: Lot 384 ‐ Vistera M/I Homes ‐ Drainage Plan for Pool Needed

Good afternoon Tom and Andy,
Wanted to ask your opinion or if you have had experience in City of Venice with this situation. For our model, I am trying to install my pool and A/C equipment on the side of the home. The north side is encompassed by a 25’ Private Drainage easement. In my experience at least in Lee and Collier County, they would sometimes allow these types of structures to be placed within them, so as long as the HOA or CDD approved it. Have you experienced that? My initial email to City seemed like an approval, but my surveyor is questioning that.
Then my question would be if the City does allow it to be placed within the DE as long as CDD approves it, do you think the CDD would approve? Thanks.

Kevin Brown
Area President

M/I Homes - Ft. Myers / Naples	Mobile: (239) 229-7021 www.mihomes.com	kbrown@mihomes.com

CONFIDENTIALITY NOTICE: This email message is intended only for the person to whom it is addressed and may contain confidential and/or privileged material. Any unauthorized review, use, disclosure or distribution is prohibited. If you are not the intended recipient of this message, please contact the sender by reply email or phone and delete/destroy all copies of this message.

From: Randall Britt <Rande.Britt@brittsurveying.com>
Sent: Tuesday, July 25, 2023 2:39 PM
To: sellis@veinicefl.gov
Cc: Kevin Brown <kbrown@mihomes.com>; Jimmie L. Smith II <jlsmith@mihomes.com>; Claudia Britt
<Claudia.Britt@brittsurveying.com>; Jesse <jesse.davidson@brittsurveying.com>; Collin Naaman

<CNaaman@brittsurveying.com>
Subject: FW: Lot 384 ‐ Vistera M/I Homes ‐ Drainage Plan for Pool Needed

EXTERNAL EMAIL: Do not click any links or open any attachments unless you trust the sender and know the content is safe.

Steve,

Thank you for taking my call today. I read the attached email chain and believe that something was missed, and I would like to clarify the situation. The attached pdf is a hand markup on the site plan showing the proposed pool area in orange. Putting the pool equipment and AC on the side of the house we will be in a 25 ft. wide drainage easment. So my question is: Will this be allowed.

Thank you,

UDQGDOO Hl U	 SlOlVl
BRITT SURVEYING, INC.
680 U.S. 41 BYPASS N., SUITE 1
VENICE, FLORIDA 34285 Phone: (941)493‐1396 Cell: (941)544‐9060

•

LEGEND:

CURVE TABLE
0

384

Reuse Service	\9.0+  Existing Devotion	N
0	Sewer Service	Direction  of  Flow	II

CURVE C1
C2

RADIUS 1245.00
1245.00

DELTA ANGLE
1·51•2s"
2·54'11"

ARC LENGTH 40.37
63.08'

CHORD LENGTH 40.37'
63.07'

CHORD BEARING S 1s· 43' 13" E

\

s 16"20'24" E

EE	Dectric  Hand Hole
@	Frontier Hand Hole

NOTES:

(18. g) Proposed Devotion	C3	1125.00	2"54'11"	57.00'	56.99'	N 16"20'24'  W

s

C4	1275.00'	11·57'33"	266.12	265.64	13"40'11'  E

\
\

	Surface slopes shall not exceed one foot ( 1 ') vertical rise in six feet {6') horizontal distance five feet (5 ') of any property line.

\

	The discharge of storm water from the parcel shall drain to a street, drainage greenbelt, or other established public or private drainage facility, without adversely affecting the proper drainage of adjoining parcels of land.
	Site drainage must be consistent with subdivision storm water management pion.
Swale slopes will be a minimum of 0.2% longitudinal slope.
	Site runoff may be directed to the rear of the lot if an approved drainage greenbelt or other established public or private drainage facility is available.
	All required swoles or other systems must be in place prior to commencement of construction.

\

	Parcel shown hereon is situated in Flood Zone "X", base flood elevation Not Determined, per Flood Insurance Rate Map 12115C0244F, Index Map doted November 4, 2016.
9. Devotions shown hereon refer to NA VD 88, based on NGS Bench Mork # N 699 published elevation

\

=13.37 feet {NAVO 88).

.s

(l)

-.J
....,
0
-.J

pod
C	5' poold
3- ent po
u1prfl

\\

\	Ul
0

&

.s

(l)

-.J
....,
0
-.J

Proposed Lanai Finish Floor= 16.50'
SECTION  "8-B"
{Not To Scale)

Proposed Structure S
Finish Floor= 16.90' il!}_
){;::======::::::::::::::::;J(.;:::::::::77
SECTION "A-A"
{Not To Scale)

.(sl)	\

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-.J

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\	\

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FOR:	M	I	HOMES DATE:		JULY	25,	2023
JOB	NO.:	2306128	DP

[L(Q)lJ	[Q)  b\	b\@	[p[Lb\	(Q) B
lL©'iJ'	®	WD 'if t%	[X]f%	il
®® WD 'if t%	©QDlL W L% ©© ©[ij]0 9 lflbo

Laurel Road Community Development District

AM Engineering 2023 Budget for District Engineer Representation

July 12, 2023

Mr. Tom Panaseny Border Road Investments
5824 Lakewood Ranch Blvd. N. Sarasota, Florida 34240

RE:	LAUREL RD CDD
2023 Budget for District Engineer Representation

Dear Tom:

The AME fee for District Engineer representation for the Laurel Rd CDD for 2023 shall include:

Review and approval of payment applications.
Representation at monthly CDD meetings.
Representation of CDD on matters concerns the Vistera of Venice Development.

AM ENGINEERING, LLC

Bobbi R. Claybrooke, PE

For the above items, we suggest a not to exceed budget of $5,000. Sincerely,

Laurel Road Community Development District

LRK Work Authorization No. 07 for Vistera Amenity

Architects | Designers | Planners

AR91636
55 West Church Street, Suite 201
Orlando, FL 32801

VISCDDP1 - ARCHITEC

407.566.2575

WORK AUTHORIZATION

Work Authorization Number	Client	Date	
07	Laurel Road CDD Vistera	7/14/2023	
Project	Project Number	Project Location	
Vistera Amenity	04.21020.00	Venice, Florida	

In reference to Work Authorization 03 dated 8/5/22, LRK is pleased to provide MEP revisions for the relocation of the pool restrooms to the main Amenity Building at Vistera. The scope of services shall include the following:

Updated MEP drawings based on design changes outlined in Work Authorization 03

Fee:	$2,200.00

Original or Master Agreement (dated)	Work requested by	
04/13/2021	Tom Panaseny	
Fee and Basis		
Two Thousand Two Hundred Dollars ($2,200)		
Date work to begin
Immediately after Work Authorization approval	Estimated completion date	
Prepared by	LRK Authorization by	Date Signed
Cathy Rivera

Please authorize these services by signing and returning this form. Rendering of these services shall be subject to the same terms and conditions as the Original or Master Agreement. These services will be performed upon execution of this document.

Client	Client Authorization by	Date Signed

document2

Laurel Road Community Development District

LRK Work Authorization No. 08 for Vistera Amenity Entry Feature

Architects | Designers | Planners

AR91636
55 West Church Street, Suite 201
Orlando, FL 32801

VISCDDP1 - ARCHITEC

407.566.2575

wam

WORK AUTHORIZATION

Work Authorization Number	Client	Date	
08	Laurel Road CDD Vistera	7/12/2023	
Project	Project Number	Project Location	
Vistera Amenity Entry Feature	04.21020.01	Venice, Florida	

In reference to Work Authorization 06 dated 11/9/22, LRK is pleased to provide this proposal for structural and electrical engineering services. The scope of services shall include the following:

Provide electrical and structural drawings for the construction of the building. A “Permit Submission Set” will be issued to the Client for the Contractor’s use in submitting for building permits.

Fee:	$7,400.00

Original or Master Agreement (dated)	Work requested by	
04/13/2021	Tom Panaseny	
Fee and Basis		
Seven Thousand Four Hundred Dollars ($7,400)		
Date work to begin
Immediately after Work Authorization approval	Estimated completion date	
Prepared by	LRK Authorization by	Date Signed
Cathy Rivera

Please authorize these services by signing and returning this form. Rendering of these services shall be subject to the same terms and conditions as the Original or Master Agreement. These services will be performed upon execution of this document.

Client	Client Authorization by	Date Signed

document2

Laurel Road Community Development District

LRK Work Authorization No. 10 for Vistera Amenity

Architects | Designers | Planners

AA 26002089
671 Front St., Suite 220
Celebration, FL 34747

VISCDDP1 - ARCHITEC

407.566.2575

WORK AUTHORIZATION

Work Authorization Number	Client	Date	
10	Laurel Road CDD Vistera	7/12/23	
Project	Project Number	Project Location	
Vistera Amenity	04.21020.00	Venice, FL	

LRK is pleased to provide Fire Protection services for the main Amenity Building at Vistera. The scope of services shall include the following:

Updated MEP drawings based on Fire Protection design

Fee:	$3,900.00

Original or Master Agreement (dated)	Work requested by	
4/13/21	Tom Panaseny	
Fee and Basis		
Three Thousand Nine Hundred Dollars ($3900.00)		
Date work to begin
Immediately after Work Authorization approval	Estimated completion date	
Prepared by	LRK Authorization by	Date Signed
Cathy Rivera

Please authorize these services by signing and returning this form. Rendering of these services shall be subject to the same terms and conditions as the Original or Master Agreement. These services will be performed upon execution of this document.

Client	Client Authorization by	Date Signed

document1

Laurel Road Community Development District

Bay Area Bobcat Proposal for Earthwork

ESTIMATE

Prepared For
PFM Group Consulting 3501 Quadrangle Blvd, Ste. 270
Orlando, ﬂorida 32817

Bay Area Bobcat	Estimate #	29

12402 Lago Way

Date	06/13/2023

Riverview, Florida 33579
Phone: (813) 927-2204

VISCPH1CDD - Earthwork

Email: JohnnyW2285@yahoo.com		
Description	Total	

15' Wide x 1,700' Long swath / Vistera	
$22,500.00	
Site location: Vistera development Venice Fl. Street location: Liberto Lane		
Site work: Cut 15' wide strip of ﬁll approximately 4" deep and roughly 1,700' long. Across future house pads - Numbers 232D-264D.
All ﬁll that is cut out will be loaded onto a 18yd dump truck and driven to and dumped at the large stockpile of dirt on site.
The swath being cut out is approximately 10' in from curb and will stop approximately 25' in from curb.		
Day rate : $4,500.00 per day cost includes time, equipment and labor- Cut, load, haul and dump. Job estimated time 3-5 days. Total=$22,500.00
If job needs to exceed 5 days I will get approval from Andy Richardson before continuing.		

Exclusions***
Not responsible for damage to curbing or roadway. Not responsible for ﬁnal grading
Not responsible for any broken underground pipes or wires. Will go around any buildings or houses in the way of the path.		

Subtotal	

$22,500.00	
Total	$22,500.00	

Page 1 of 2

By signing this document, the customer agrees to the services and conditions outlined in this document.

Page 2 of 2

Laurel Road Community Development District

FEDCO Change Order No. 01 for Vistera Phase 1A

FEDCO Communications and Utilities, LLC
3480 Sunbeam Drive • Sarasota, FL 34240 • (941) 809-2914

LAURELCDD

DATE:	07-01-2023
CHANGE ORDER# FPL-VIS-COl AMOUNT:	$4,750.00

5824 LWR BLVD SARASOTA,FL34240
ATTN: Andy Richardson

FPLJOB#

11367557

VISCDDP1 - Conduit

CHANGE ORDER #1 VISTERA PHASE lA NOKOMIS, FL

1)	PROPOSAL# STLLR-01
RE: FPL FEEDER AND PRIMARY CONDUIT SYSTEM INSTALLATION PROPOSAL AMOUNT

$98,519.00

2) CHANGE ORDER #1
RE: ADDITIONAL CONDUIT INTALL AT THE ROUNDABOUT

$ 4,750.00

REVISED TOTAL:	$103,269.00

Signatures indicate agreement herewith, including any adjustment in the contract sum or term.

Allan S. Feder,
FEDCO COMMUNICATIONS AND UTILITIES, LLC

07-01-2023
DATE

LAUREL COD

DATE

Laurel Road Community Development District

Funding Requests Nos. 117 - 118

LAUREL ROAD COMMUNITY DEVELOPMENT DISTRICT

Funding Requests Nos. 117 - 118

FR #	Description	Amount	Total	
				
117	AM Engineering	$		16,077.70		
				
	City of Venice	$	1,676.45		
		$	5.64		
		$	15.03		
		$	180.18		
		$	524.35		
		$	166.06		
		$	2.94		
				
	Driggers Engineering Services	$	3,826.50		
				
	Forsberg Construction	$	604,686.62		
				
	Point Break Surveying	$	1,925.00		
		$	12,750.00		
				
			$625,758.77	
				
118	BKS Partners	$	210.00		
		$	210.00		
				
	LRK	$	7,350.00		
		$	7,400.00		
		$	2,500.00		
		$	1,700.00		
				
			$19,370.00	
				
		Total	$645,128.77	

LAUREL ROAD
C O M M U N I T Y  D E V E L O P M E N T  D I S T R I C T

Funding Request No. 117
7/21/2023	
Item No.	Vendor	Invoice Number	

Construction Fund

AM Engineering
Vistera of Venice Construction Engineering Services Through 07/13/2023	53986	$	16,077.70	
City of Venice
Vistera Ph 1 Utilities 06/05/2023-07/05/2023, Acct: 82092-76780	--	$	
1,676.45	
Vistera Ph 1 Utilities 06/05/2023-07/05/2023, Acct: 82092-77738	--	$	5.64	
Vistera Ph 1 Utilities 06/05/2023-07/05/2023, Acct: 82092-77740	--	$
Vistera Ph 1 Utilities 06/05/2023-07/05/2023, Acct: 82092-77742	--	$	15.03
180.18	
Vistera Ph 1 Utilities 06/05/2023-07/05/2023, Acct: 82092-77748	--	$
Vistera Ph 1 Utilities 06/05/2023-07/05/2023, Acct: 82092-77750	--	$
Vistera Ph 1 Utilities 06/05/2023-07/05/2023, Acct: 82092-77752	--	$	524.35
166.06
2.94	
Driggers Engineering Services
Vistera Phase 1 Materials Testing Through 6/30/2023	SAL16397	$	
3,826.50	
Forsberg Construction
Phase 1 Pay Application #23 Through 06/30/2023	--	$	
604,686.62	
Point Break Surveying
Vistera Pay Application 7 Through 4/30/2023	--	$	
1,925.00	
Vistera Pay Application 8 Through 6/30/2023	--	$	12,750.00	

*

1

2

3

4

5

$625,758.77

TOTAL	$	641,836.47

* 7/28/23: Per Erin Childers at AM Engineering, this invoice includes activity from a prior invoice (also labeled 53986). I have requested an updated, corrected invoice.

Secretary / Assistant Secretary	d Member

Laurel Road CDD
c/o PFM Group Consulting
3501 Quadrangle Blvd. Ste. 270
Orlando, FL 32817
LaneA@pfm.com // (407) 723-5925

By Amanda Lane at 12:02 pm, Jul 26, 2023

LAUREL ROAD
C O M M U N I T Y	D E V E L O P M E N T	D I S T R I C T

Funding Request No. 118

7/28/2023	
te	Vend	nvoic	
No.	Number	

Construct o Fund

1	BKS Partners
Vistera PH 1 Policy: 05/04/2022 - 05/04/2023	
59764	
$	210.00	
Vistera PH 1 Policy: 05/04/2023 - 05/04/2024	128057	$	210.00	
2	LRK
Vistera Amenity Services Through 06/30/2023	
04.21020.00-1	
$	7,350.00	
Vistera Entry Features Services Through 06/30/2023	04.21020.01-6	$	7,400.00	
Vistera Amenity Services Through 06/30/2023	04.21020 05-	$	2,500.00	
Vistera Amenity Services Through 06/30/2023	04.21020.10-1	$	1,700.00	
	
TOTAL	
$	19,370.00	

S	e

tary	Board Member

Laurel Road CDD
c/o PFM Group Consulting
3501 Quadrangle Blvd. Ste. 270
Orlando, FL 32817
LaneA@pfm.com // (407) 723-5925

By Amanda Lane at 1:18 pm, Aug 02, 2023

Laurel Road Community Development District

Payment Authorizations Nos. 008 – 011

LAUREL ROAD COMMUNITY DEVELOPMENT DISTRICT
Payment Authorizations Nos. 008 - 011

PA #	Description	Amount	Total	
				
8	Advanced Aquatic Services	$	640.00		
		$	640.00		
				
	Vogler Ashton	$	610.50		
				
			$1,890.50	
				
9	PFM Groyp Consulting LLC	$	250.00		
				
	Supervisor Fees - 7/12/2023 Meeting			
	Dale Weidemiller	$	200.00		
	John Blakley	$	200.00		
	Pete Williams	$	200.00		
	Janice Snow	$	200.00		
	John Leinaweaver	$	200.00		
				
			$1,250.00	
				
10	CA Florida Holdings	$	154.00		
				
	Deluxe	$	265.00		
				
			$419.00	
				
11	PFM Group Consulting	$	5.76		
				
	VGlobalTech	$	150.00		

			$155.76	

		Total	$3,715.26	

LAUREL ROAD
C O M M U N I T Y	D E V E L O P M E N T	D I S T R I C T

Payment Authorization No. 008

7/7/2023			
Item	Vendor	Invoice	General	
No.	Number	Fund	

1	Advanced Aquatic Services
June Lake Maintenance	
10550277	
$	640.00	
July Lake Maintenance	10550278	$	640.00	
2	Vogler Ashton
District Counsel Services Through 06/13/2023	
813	
$	610.50	
	
TOTAL	
$  1,890.50	

Secretary / Assistant Secr

tary

Board Memb r

Laurel Road CDD
c/o PFM Group Consulting 3501 Quadrangle Blvd. Ste. 270
Orlando, FL 32817
LaneA@pfm.com // (407) 723-5925

By Amanda Lane at 3:03 pm, Jul 12, 2023

LAUREL ROAD
C O M M U N I T Y	D E V E L O P M E N T	D I S T R I C T

Payment Authorization No. 009

7/14/2023			
It	Vendor	Invoic	General	
No.	Number	Fund	

1	PFM Group consulting LLC
Series 2021 Quarterly Dissemi ation for 2023.04 - 2023 06	125976	$	250 00

2

Supervisor Fees - 7/12/2023 Meeting
Dale Weidemiller	$

200.00

John Blakley	$	200 00
Pete Williams	$	200.00
Janice Snow	$	200.00
John Leinaweaver	$	200.00

TOTAL	$  1,250.00

Secretary / Assistant Secretary	Board Member

Laurel Road CDD
c/o PFM Group Consulting 3501 Quadrangle Blvd. Ste. 270
Orlando, FL 32817
LaneA@pfm.com // (407) 723-5925

By Amanda Lane at 12:44 pm, Jul 19, 2023

LAUREL ROAD
C O M M U N I T Y	D E V E L O P M E N T	D I S T R I C T

Payment Authorization No. 010

7/21/2023			
It	Vendor	Invoic	General	
No.	Number	Fund	

1	CA Florida Holdings
Legal Advertising on 06/07/2023 (Ad: 8901088)	
5676538	
$	154 00	
2	Deluxe.
200 Print+Mail Checks	
598770	
$	265.00	
	
TOTAL	
$	419.00	

Se retary / Assistant Secre ary	Board Member

Laurel Road CDD
c/o PFM Group Consulting 3501 Quadrangle Blvd. Ste. 270
Orlando, FL 32817
LaneA@pfm.com // (407) 723-5925

By Amanda Lane at 12:02 pm, Jul 26, 2023

LAUREL ROAD
C O M M U N I T Y	D E V E L O P M E N T	D I S T R I C T

Payment Authorization No. 011
7/28/2023			
Item	Vendor	Invoice	General	
No.	Number	Fund	

1	PFM Group Consulting
July Reimburseable Expenses	
126163	
$	5.76	
2	VGlobalTech
July Website Maintenance	
5212	
$	150.00	
	
TOTAL	
$	155.76	

Secretary / Assistant Secretary	Board Member

Laurel Road CDD
c/o PFM Group Consulting 3501 Quadrangle Blvd. Ste. 270
Orlando, FL 32817
LaneA@pfm.com // (407) 723-5925

By Amanda Lane at 1:18 pm, Aug 02, 2023

Laurel Road Community Development District

District Financial Statements

Laurel Road CDD
Statement of Financial Position As of 6/30/2023

Current Assets
General Checking Account Prepaid Expenses
Series 2021A1 Debt Service Reserve Series 2021A2 Debt Service Reserve Series 2021A Revenue
Series 2021A2 Interest Series 2021A1 Prepayment Series 2021A2 Prepayment
Accounts Receivable - Due from Developer Series 2021A Acquisition/Construction
Total Current Assets

Investments
Amount Available in Debt Service Funds Amount To Be Provided
Total Investments

Total Assets

General Fund	Debt Service Fund		Capital Projects Fund	
	
Assets			

$66,684.62				
721.86				
	$327,259.38			
	164,843.75			
	33,383.37			
	0.05			
	14,378.79			
	898,185.10			
			$1,145,336.86	
			22,761.37	
$67,406.48	$1,438,050.44		$1,168,098.23	
$0.00	$0.00		$0.00	
$67,406.48	$1,438,050.44		$1,168,098.23	

Long-Term Debt		Total	

$0.00		

$66,684.62
721.86
327,259.38
164,843.75
33,383.37
0.05
14,378.79
898,185.10
1,145,336.86
22,761.37
$2,673,555.15	

$1,438,050.44 20,671,949.56
$22,110,000.00		

$1,438,050.44 20,671,949.56
$22,110,000.00	
$22,110,000.00		$24,783,555.15	

$0.00		

$25,000.00 1,163,261.86
1,022,646.07
1,145,336.86
$3,356,244.79	

$22,110,000.00
$22,110,000.00		

$22,110,000.00
$22,110,000.00	
$22,110,000.00		$25,466,244.79	

$0.00		

($0.05) 0.01
42,406.52

865,543.13
572,507.31

6,835,756.09
(8,998,902.65)

($682,689.64)	
			
$22,110,000.00		$24,783,555.15	

Liabilities and Net Assets

Current Liabilities Due to Developer Accounts Payable Retainage Payable Deferred Revenue

$25,000.00

$1,163,261.86 1,022,646.07
1,145,336.86

Total Current Liabilities

Long Term Liabilities
Revenue Bonds Payable - Long-Term

 			 
$25,000.00	$0.00	$3,331,244.79

Total Long Term Liabilities	$0.00		$0.00		$0.00	
Total Liabilities	$25,000.00		$0.00		$3,331,244.79	

Net Assets
Net Assets, Unrestricted	

($0.05)					
Net Assets - General Government	0.01					
Current Year Net Assets - General Government	42,406.52					
Net Assets, Unrestricted			$865,543.13			
Current Year Net Assets, Unrestricted			572,507.31			
Net Assets, Unrestricted					$6,835,756.09	
Current Year Net Assets, Unrestricted					(8,998,902.65)	
Total Net Assets	$42,406.48		$1,438,050.44		($2,163,146.56)	
						
Total Liabilities and Net Assets	$67,406.48		$1,438,050.44		$1,168,098.23	

 	 

Laurel Road CDD Statement of Activities As of 6/30/2023

General Fund	Debt Service Fund

Capital Projects Fund

Long-Term Debt

Total

Revenues

Off-Roll Assessments	$13,502.85								$13,502.85	
Developer Contributions	99,883.78								99,883.78	
Other Income & Other Financing Sources	0.64								0.64	
Off-Roll Assessments			$26,463.87						26,463.87	
Other Assessments			1,532,847.74						1,532,847.74	
Inter-Fund Group Transfers In			(21.08)						(21.08)	
Developer Contributions					$3,100,321.55				3,100,321.55	
Inter-Fund Transfers In					21.08				21.08	
Total Revenues	$113,387.27		$1,559,290.53		$3,100,342.63		$0.00		$4,773,020.43	

Expenses

Supervisor Fees	$8,800.00								$8,800.00	
Public Officials' Liability Insurance	2,504.00								2,504.00	
Trustee Services	3,524.39								3,524.39	
Management	36,000.00								36,000.00	
Disclosure	500.00								500.00	
District Counsel	3,678.50								3,678.50	
Audit	5,500.00								5,500.00	
Postage & Shipping	7.44								7.44	
Legal Advertising	2,857.42								2,857.42	
Office Supplies	125.00								125.00	
Web Site Maintenance	4,250.00								4,250.00	
Dues, Licenses, and Fees	175.00								175.00	
General Insurance	3,059.00								3,059.00	
A1 Principal Payments			$240,000.00						240,000.00	
A1 Interest Payments			417,115.00						417,115.00	
A2 Interest Payments			329,687.50						329,687.50	
Engineering					$257,563.91				257,563.91	
Water Utility Services					5,290.49				5,290.49	
Contingency					11,836,499.73				11,836,499.73	
Total Expenses	$70,980.75		$986,802.50		$12,099,354.13		$0.00		$13,157,137.38	

Other Revenues (Expenses) & Gains (Losses)

Interest Income			$19.28						$19.28	
Interest Income					$108.85				108.85	
Total Other Revenues (Expenses) & Gains (Losses)	$0.00		$19.28		$108.85		$0.00		$128.13	
Change In Net Assets	$42,406.52		$572,507.31		($8,998,902.65)		$0.00		($8,383,988.82)	

Net Assets At Beginning Of Year	
($0.04)		
$865,543.13		
$6,835,756.09		
$0.00		
$7,701,299.18	

Net Assets At End Of Year	

$42,406.48		

$1,438,050.44		

($2,163,146.56)		

$0.00		

($682,689.64)	

Laurel Road CDD
Budget to Actual
For the Month Ending 6/30/2023

Year To Date

Actual	Budget	Variance

FY 2023
Adopted Budget

Revenues		
Off-Roll Assessments	$	13,502.85		$	-		$	13,502.85		$	-	
Developer Contributions	99,883.78		205,299.75		(105,415.97)		273,733.00	
Other Income & Other Financing Sources	0.64		-		0.64		-	
Net Revenues	$	113,387.27		$	205,299.75		$	(91,912.48)		$	273,733.00	

General & Administrative Expenses								
Supervisor Fees	$	8,800.00		$	9,675.00		$	(875.00)		$	12,900.00	
Public Officials' Liability Insurance	2,504.00		-		2,504.00		-	
Trustee Services	3,524.39		4,500.00		(975.61)		6,000.00	
Management	36,000.00		36,000.00		-		48,000.00	
Engineering	-		11,250.00		(11,250.00)		15,000.00	
Disclosure	500.00		750.00		(250.00)		1,000.00	
District Counsel	3,678.50		18,750.00		(15,071.50)		25,000.00	
Assessment Administration	-		4,125.00		(4,125.00)		5,500.00	
Audit	5,500.00		4,875.00		625.00		6,500.00	
Arbitrage Calculation	-		375.00		(375.00)		500.00	
Telephone	-		150.00		(150.00)		200.00	
Postage & Shipping	7.44		375.00		(367.56)		500.00	
Legal Advertising	2,857.42		6,000.00		(3,142.58)		8,000.00	
Miscellaneous	-		442.50		(442.50)		590.00	
Office Supplies	125.00		375.75		(250.75)		500.00	
Web Site Maintenance	4,250.00		686.25		3,563.75		915.00	
Dues, Licenses, and Fees	175.00		131.25		43.75		175.00	
Maintenance Staff	-		15,000.00		(15,000.00)		20,000.00	
Lifestyle Staff	-		15,000.00		(15,000.00)		20,000.00	
Total General & Administrative Expenses	$	67,921.75		$	128,460.75		$	(60,539.00)		$	171,280.00	

Field Operations Expenses

Electric	$	-		$	2,625.00		$	(2,625.00)		$	3,500.00	
Water Reclaimed	-		3,750.00		(3,750.00)		5,000.00	
Equipment Rental	-		4,500.00		(4,500.00)		6,000.00	
General Insurance	3,059.00		4,464.00		(1,405.00)		5,952.00	
Property & Casualty Insurance	-		3,825.00		(3,825.00)		5,100.00	
Irrigation	-		150.00		(150.00)		200.00	
Lake Maintenance	-		13,500.00		(13,500.00)		18,000.00	
Landscaping Maintenance & Material	-		18,750.00		(18,750.00)		25,000.00	
Landscape Improvements	-		1,875.00		(1,875.00)		2,500.00	
Contingency	-		7,500.00		(7,500.00)		10,000.00	
Gate - Repairs & Maintenance	-		750.00		(750.00)		1,000.00	
Street Sweeping	-		11,250.00		(11,250.00)		15,000.00	
Lighting	-		150.00		(150.00)		200.00	
Bike Share	-		3,750.00		(3,750.00)		5,000.00	
Total Field Operations Expenses	$	3,059.00		$	76,839.00		$	(73,780.00)		$	102,452.00	

Total Expenses	 $	70,980.75   $	205,299.75 	 $ (134,319.00)	 $	273,732.00  Net Income (Loss)		$	42,406.52	$		-		$	42,406.52		$		1.00 *

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