STONEGATE COMMUNITY DEVELOPMENT DISTRICT PUBLIC HEARING & REGULAR MEETING AGENDA

Transcription

1 STONEGATE COMMUNITY DEVELOPMENT DISTRICT PUBLIC HEARING & REGULAR MEETING AGENDA September 4, 2018

2 Stonegate Community Development District OFFICE OF THE DISTRICT MANAGER 2300 Glades Road, Suite 410W Boca Raton, Florida Phone: (561) Fax: (561) Toll-Free: (877) August 28, 2018 Board of Supervisors Stonegate Community Development District ATTENDEES: Please identify yourself each time you speak to facilitate accurate transcription of meeting minutes. Dear Board Members: A Public Hearing and a Regular Meeting of the Stonegate Community Development District s Board of Supervisors will be held on Tuesday, September 4, 2018 at 6:15 p.m., at the Malibu Bay Clubhouse, 1020 NE 34 th Avenue, Homestead, Florida The agenda is as follows: 1. Call to Order/Roll Call 2. Public Comments: non-agenda items 3. Consideration of Third Amendment to Amended and Restated Agreement - Aquatics Maintenance Services 4. Ratification of Resolution , Adopting the Annual Meeting Schedule for Fiscal Year 2018/ Public Hearing to Hear Comments and Objections on Adoption of Fiscal Year 2018/2019 Budget A. Affidavit/Proof of Publication B. Consideration of Resolution , Relating to the Annual Appropriations and Adopting the Budget for the Fiscal Year Beginning October 1, 2018, and Ending September 30, Consideration of Resolution , Making a Determination of Benefit and Imposing Special Assessments for Fiscal Year 2018/2019; Providing for the Collection and Enforcement of Special Assessments; Certifying an Assessment Roll; Providing for Amendments to the Assessment Roll; Providing a Severability Clause; and Providing an Effective Date 7. Approval of Unaudited Financial Statements as of July 31, Approval of July 10, 2018 Regular Meeting Minutes 9. Open Items

3 Board of Supervisors Stonegate Community Development District September 4, 2018, Public Hearings and Regular Meeting Agenda Page Staff Reports A. Clubhouse Manager: GAPA Property Management Corp. B. District Counsel: Billing, Cochran, Lyles, Mauro & Ramsey, P.A. C. District Manager: Wrathell, Hunt and Associates, LLC 11. Supervisors Requests 12. NEXT MEETING DATE: December 18, 2018 at 6:15 P.M. 13. Adjournment Please do not hesitate to contact me directly at with any questions. Sincerely, Howard McGaffney District Manager FOR BOARD MEMBERS AND STAFF TO ATTEND BY TELEPHONE: Call-in number: Conference ID:

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5 THIRD AMENDMENT TO AMENDED AND RESTATED AGREEMENT AQUATICS MAINTENANCE SERVICES THIS THIRD AMENDMENT TO AMENDED AND RESTATED AGREEMENT FOR AQUATICS MAINTENANCE SERVICES ("Amendment"), made and entered into this day of 2018, by and between: STONEGATE COMMUNITY DEVELOPMENT DISTRICT, a local unit of special purpose govermnent established pursuant to Chapter 190, Florida Statutes, being situated in Homestead, Miami-Dade County, Florida, whose mailing address is 2300 Glades Road, Suite 41 OW, Boca Raton, Florida (the "District"), and AQUA TIC SYSTEMS, INC., a Florida corporation, whose business address is 2100 NW 33rd Street, Pompano Beach, Florida (the "Contractor"). WITNESSETH: WHEREAS, the District and the Contractor entered into an Amended and Restated Agreement for Aquatics Maintenance Services, dated October I, 2016, as amended by the First Amendment to Amended and Restated Agreement for Aquatics Maintenance Services, dated May 26, 2017, as further amended by the Second Amendment to Amended and Restated Aquatics Maintenance Services Agreement, dated May 1, 2018 (collectively, the "Agreement"); and WHEREAS, District desires to provide for an update to the Compensation section of the Agreement to incorporate all prior amendments and updates with respect to services being provided to the District, which update is more particularly described in the Contractor's Proposal for Account # , a copy of which is attached hereto and made a part hereof as Exhibit A-3 (the "Proposal"); and NOW, THEREFORE, in consideration of the recitals, agreements and mutual covenants contained herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged by the parties, the parties agree as follows: Section 1. The recitals stated above are true and correct and by this reference are incorporated into and form a material part of this Agreement. Section 2. The Agreement is hereby amended to accept and incorporate the Proposal and to amend Section 4, entitled "Compensation" to incorporate the following: Aquatics Maintenance Third Amendment Rev

6 Annual Contract Amount is $38, paid in twelve monthly installments for services provided in a Monthly Fee Amount of $3, Section 3. The Amendment shall be effective upon execution by the parties. Section 4. In all other respects not specifically amended by this Amendment, the Agreement shall remain in full force and effect. IN WITNESS WHEREOF, the parties execute this Amendment and further agree that it shall take effect as of the Effective Date first above written. Attest: STONEGATE COMMUNITY DEVELOPMENT DISTRICT Secretary/ Assistant Secretary By: ChairNice-Chair day of,, 2018 AQUATIC SYSTEMS, INC., a Florida corporation Print Name By: Print:, Title: day of, 2018 Print Name Aquatics Maintenance Third Amendment Rev

7 Aquatic Systems LAKE & WETLAND SERVICES Everything a Lake Should Be ~ =~SINCE19n SCOPE OF WORK FOR STONEGATE CDD (MALIBU BAY) ACCOUNT # Annual Maintenance Program: Algae & Aquatic Weed Management Included Shoreline Grass Management to the Water's Edge Included MicroLyfe Concentrate Included Applications applied at label rates (sites #1 through #6) Littoral Shelf Maintenance: (0.29 Acres) Included Site: #5 Spot spraying as required by AS! to maintain compliance with governing agencies for the management ofall nuisance & exotic species. Note: Future plantings will be maintained at an additional cost. Monthly Lake Dye Included Quarterly Standard Lake Assessment: Included For Sites #3, #4, #5 and #6: DO Profile, Temp Profile, Secchi Disc Depth, (2) Total Phosphorus, (2) Total Nitrogen, (2) Nitrogen Ammonia. (List parameters and Includes ReDox Profile) Includes Quarterly Lab Services:( 1) Sediment Organic Content and ( 1) Particulate Organic Debris Removal 1 Included (Includes removal ofcoconuts and Palm Fronds) Algae Removal (As needed) Included Triploid Grass Carp Stocking & Permitting As Required by ASI* Sites #I through #6 One (1) Carp Barrier Installation/Fabrication As Required by ASI* Site #5 Management Reporting Included Quarterly Special Customer Site Inspection Report Included Total Program Investment $3, Monthly 1 Shoreline area to be cleaned is limited to 1 foot maximum depth. Individual Utter items to be removed are limited to non-natural materials; such as, paper products, Styrofoam cups, plastic bags and aluminum cans that are accessible along the immediate shoreline. Construction debris, shopping carts, discarded household appliances or any other objects not considered litter, are not included but can be removed at an additional cost. *Services performed at ASI's sole discretion for the success ofthe Waterway Management Program ~Vertexwater Features Authorized Lake Aeration & Fountain Dealer 2100 NW 33rd Street Pompano Beach, FL Ft. Myers Ft. Pierce Jacksonville Miami Pompano Beach Sanford Sarasota St. Petersburg Sun City Wesley Chapel Winter Garden

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9 RESOLUTION A RESOLUTION OF THE STONEGATE COMMUNITY DEVELOPMENT DISTRICT ADOPTING THE ANNUAL MEETING SCHEDULE FOR FISCAL YEAR 2018/2019 WHEREAS, the Stonegate Community Development District ("District") is a local unit of special-purpose government organized and existing in accordance with Chapter 190, Florida Statutes, and situated entirely within Miami-Dade County, Florida; and WHEREAS, the District is required by Florida law to prepare an annual schedule of its regular public meetings which designates the date, time and location of the District s meetings; and WHEREAS, the Board has proposed the Fiscal Year 2018/2019 annual meeting schedule as attached in Exhibit A; NOW, THEREFORE BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE STONEGATE COMMUNITY DEVELOPMENT DISTRICT 1. The Fiscal Year 2018/2019 annual public meeting schedule attached hereto and incorporated by reference herein as Exhibit A is hereby approved and will be published and filed in accordance with the requirements of Florida law. 2. The District Manager is hereby directed to submit a copy of the Fiscal Year 2018/2019 annual public meeting schedule to Miami-Dade County and the Department of Economic Opportunity. 3. This Resolution shall become effective immediately upon its adoption. PASSED AND ADOPTED this day of, ATTEST: STONEGATE COMMUNITY DEVELOPMENT DISTRICT Secretary / Assistant Secretary Chair/Vice Chair, Board of Supervisors

10 Exhibit A FISCAL YEAR 2018/2019 MEETING SCHEDULE Date Time Potential Discussion Focus 1 Tuesday December 18, :15 PM Regular Meeting 2 Tuesday, March 19, :15 PM Regular Meeting 3 Tuesday, May 21, :15 PM Approve Fiscal Year 2019/2020 Proposed Budget Accept Fiscal Year 2018 Audit 4 Tuesday, July 16, :15 PM Regular Meeting 5 Tuesday, September 10, :15 PM Adopt Fiscal Year 2019/2020 Final Budget Meeting Location: Malibu Bay Clubhouse, 1020 NE 34 th Avenue, Homestead, Florida 33033

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16 RESOLUTION THE ANNUAL APPROPRIATION RESOLUTION OF THE STONEGATE COMMUNITY DEVELOPMENT DISTRICT ( DISTRICT ) RELATING TO THE ANNUAL APPROPRIATIONS AND ADOPTING THE BUDGET FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2018, AND ENDING SEPTEMBER 30, 2019; AUTHORIZING BUDGET AMENDMENTS; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, the District Manager has, prior to the fifteenth (15 th ) day in June, 2018, submitted to the Board of Supervisors ( Board ) of the Stonegate Community Development District ( District ) a proposed budget ( Proposed Budget ) for the fiscal year beginning October 1, 2018 and ending September 30, 2019 ( Fiscal Year 2018/2019 ) along with an explanatory and complete financial plan for each fund of the District, pursuant to the provisions of Section (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 (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 (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 (2)(a), Florida Statutes, requires that, prior to October 1 st 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 STONEGATE COMMUNITY DEVELOPMENT DISTRICT: SECTION 1. BUDGET a. 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. 1

17 b. The Proposed Budget, attached hereto as Exhibit A, as amended by the Board, is hereby adopted in accordance with the provisions of Section (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 Stonegate Community Development District for the Fiscal Year Ending September 30, 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 District, for Fiscal Year 2018/2019, the sum of $1,773,524 to be raised by the levy of assessments and/or otherwise, which sum is deemed by the Board 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 $ 723,958 DEBT SERVICE FUND, SERIES 2008 $ 434,716 DEBT SERVICE FUND, SERIES 2013 $ 614,850 TOTAL ALL FUNDS $ 1,773,524 SECTION 3. BUDGET AMENDMENTS Pursuant to Section , Florida Statutes, the District at any time within Fiscal Year 2018/2019 or within 60 days following the end of the Fiscal Year 2018/2019 may amend its Adopted Budget for that fiscal year as follows: a. 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. b. 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. 2

18 c. 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. d. 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 , Florida Statutes, among other applicable laws. Among other procedures, the District Manager or Treasurer must ensure that any amendments to budget under subparagraphs c. and d. above are posted on the District s website within 5 days after adoption and remain on the website for at least 2 years. SECTION 4. EFFECTIVE DATE. This Resolution shall take effect immediately upon adoption. PASSED AND ADOPTED THIS DAY OF, ATTEST: STONEGATE COMMUNITY DEVELOPMENT DISTRICT Secretary/Assistant Secretary By: Its: 3

19 STONEGATE COMMUNITY DEVELOPMENT DISTRICT PROPOSED BUDGET FISCAL YEAR 2019 PREPARED JUNE 7, 2018

20 STONEGATE COMMUNITY DEVELOPMENT DISTRICT TABLE OF CONTENTS Description Page Number(s) General Fund Budget 1-3 Definitions of General Fund Expenditures 4-8 Debt Service Fund Budget - Series Debt Service Schedule - Series Debt Service Fund Budget - Series Debt Service Schedule - Series Proposed Assessments 13 Exhibit A - List of Capital Expenditures 14

21 STONEGATE COMMUNITY DEVELOPMENT DISTRICT GENERAL FUND BUDGET FISCAL YEAR 2019 Fiscal Year 2018 Adopted Budget FY 2018 Actual through 3/31/18 Projected through 9/30/2018 Total Revenue and Expenditures Proposed Budget FY 2019 REVENUES Assessment levy - gross $ 746,735 $ 746,735 Allowable discounts (29,869) (29,869) Assessment levy - net 716,866 $ 603,483 $ 113,383 $ 716, ,866 Interest 1,000 1,389 1,400 2,789 1,000 Miscellaneous 5,000 1,755 3,245 5,000 5,000 Clubhouse rental fees - 4,200-4,200 1,092 Total revenues 722, , , , ,958 EXPENDITURES Professional & administrative Supervisors 6,000 1,600 4,400 6,000 6,000 Payroll Taxes Management/recording/accounting 41,551 20,271 21,280 41,551 41,551 Legal 14,500 4,648 9,852 14,500 12,000 Engineering 2,000-2,000 2,000 1,000 Audit 6,430 6,430-6,430 6,430 Assessment roll preparation 5,075 2,537 2,538 5,075 5,075 Arbitrage rebate calculation 1,250-1,250 1,250 1,250 Dissemination agent 1, ,000 1,000 Trustee 6,500 3,500 3,000 6,500 6,500 Website and E-blast Communication 1,220-1,220 1,220 1,220 Postage 1, ,252 1,500 1,500 Legal advertising 1, ,000 1,000 Office supplies Other current charges 1,000 1,131 1,000 2,131 1,000 Annual special district fee Insurance 6,950 6,407-6,407 6,950 Property taxes Total professional & administrative 96,913 48,029 49,472 97,501 93,588 1

22 STONEGATE COMMUNITY DEVELOPMENT DISTRICT GENERAL FUND BUDGET FISCAL YEAR 2019 Adopted Budget FY 2018 Fiscal Year 2018 Actual through 3/31/18 Projected through 9/30/2018 Total Revenue and Expenditures Proposed Budget FY 2019 Field Operations Landscape maintenance 66,425 26,843 39,582 66,425 68,418 Landscape replacement 10,000 3,502 6,498 10,000 10,000 Irrigation Repairs 6,000-6,000 6,000 6,000 Playground renovation 3,000-3,000 3,000 3,000 Pump maintenance/repair 4,000 2,342 1,658 4,000 4,000 Electrical repairs 3,000 1,707 1,293 3,000 3,000 Lake maintenance 25,000 16,075 8,925 25,000 25,987 Contingency 2,500-2,500 2,500 5,000 Holiday decorations 13,000 12,000 1,000 13,000 13,000 Animal control 7,500 3,675 3,825 7,500 7,500 Operating supplies 2,000-2,000 2,000 2,000 Hurricane clean up - 49,795-49,795 - Total field operations 142, ,939 76, , ,905 Clubhouse Telephone 4,000 2,444 1,556 4,000 4,800 Utilities 42,000 21,265 20,735 42,000 44,000 Insurance property 14,575 13,860-13,860 14,575 Flood Insurance 2,819-2,819 2,819 2,819 Alarm monitoring 1,775 1, ,775 1,775 Video surveillance 5,300 2,321 2,979 5,300 - Fire monitoring Pool maintenance 19,800 10,000 9,800 19,800 20,000 Pool repair 7, ,851 7,500 7,500 Pool health inspections Air conditioning R&M 4, ,915 4,500 4,500 Clubhouse operation and management: Clubhouse Mgmt: GAPA Property Mgmt Corp 212,721 88, , , ,103 Fitness equipment maintenance 5,000 2,767 2,233 5,000 5,500 Office supplies 1, ,800 1,800 Repairs and maintenance 15,000 9,290 5,710 15,000 15,000 Pressure cleaning 3,000 1,555 1,445 3,000 3,000 Janitorial supplies 5,700 3,554 2,146 5,700 5,700 Contingencies 5,000-5,000 5,000 5,100 Total clubhouse 351, , , , ,462 2

23 STONEGATE COMMUNITY DEVELOPMENT DISTRICT GENERAL FUND BUDGET FISCAL YEAR 2019 Adopted Budget FY 2018 Fiscal Year 2018 Actual through 3/31/18 Projected through 9/30/2018 Total Revenue and Expenditures Proposed Budget FY 2019 Infrastructure Reinvestment Capital Outlay General 33,500 11,690 21,810 33,500 40,000 Clubhouse Video Surveillance Upgrade 40, Lake bank erosion 66,000-66,000 66,000 78,535 Total capital outlay 139,500 11,690 87,810 99, ,535 Other fees and charges Property appraiser 3,734-3,734 3,734 3,734 Tax collector 3,734 6,033-6,033 3,734 Total other fees and charges 7,468 6,033 3,734 9,767 7,468 Total expenditures 738, , , , ,958 Excess/(deficiency) of revenues over/(under) expenditures (15,220) 270,070 (291,268) 28,597 - Fund balance - beginning (unaudited) 837, ,916 1,092, , ,513 Fund balance - ending (projected) Committed Clubhouse renewal & replacement 1 130, , , , ,000 Assigned 3 months working capital 2 149, , , , ,356 Disaster 200, , , , ,000 Unassigned 342, , , , ,157 Fund balance - ending (projected) $ 822,281 $ 1,092,986 $ 801,718 $ 851,513 $ 851,513 1 This item represents fund balance that is being accumulated for replacement of the clubhouse roof, stucco repair and painting. 2 This item represents fund balance that will be needed to cover expenditures from 10/1 through 12/31 (excluding capital outlay, which is scheduled for the nine months following). Note, fiscal year assessments should be sufficient to replenish this component of fund balance as it will be needed for the same purpose in subsequent fiscal years. 3

24 STONEGATE COMMUNITY DEVELOPMENT DISTRICT DEFINITIONS OF GENERAL FUND EXPENDITURES EXPENDITURES Professional and Administrative Services Supervisors $ 6,000 Statutorily set at $200 for each meeting of the Board of Supervisors not to exceed $4,800 for each fiscal year. The District anticipates twelve meetings during the fiscal year. Payroll Taxes 459 FICA payroll taxes. Management/recording/accounting 41,551 Wrathell, Hunt and Associates, LLC specializes in managing community development districts in the State of Florida by combining the knowledge, skills and experience of a team of professionals to ensure compliance with all governmental requirements of the District, develop financing programs, administer the issuance of tax exempt bonds and, operate and maintain the assets of the community. Legal 12,000 Billing, Cochran, Lyles, Mauro & Ramsey, P.A. provides on-going general counsel and legal representation. These lawyers are confronted with issues relating to public finance, public bidding, rulemaking, open meetings, public records, real property dedications, conveyances and contracts. In this capacity, this firm provides services as "local government lawyers" realizing that this type of local government is very limited in its scope providing infrastructure and services to developments. Engineering 1,000 Alvarez Engineering provides a broad array of engineering, consulting and construction services to the District, which assists in crafting solutions with sustainability for the longterm interests of the community while recognizing the needs of government, the environment and maintenance of the District's facilities. Audit 6,430 The District is required to undertake an independent examination of its books, records and accounting procedures each year. This audit is conducted pursuant to Florida State Law and the rules of the Auditor General. Grau and Associates conducts the District audit and an annual 3% CPI increase has been included. Assessment roll preparation 5,075 Wrathell, Hunt and Associates, LLC provides assessment roll services, which include preparing, maintaining and transmitting the annual lien roll with the annual special assessment amounts for the operating, maintenance and capital assessments. Arbitrage rebate calculation 1,250 To ensure the District's compliance with all tax regulations, annual computations are necessary to calculate the arbitrage rebate liability. Dissemination agent 1,000 The District must annually disseminate financial information in order to comply with the requirements of Rule 15c2-12 under the Securities & Exchange Act of Wrathell, Hunt and Associates, LLC serves as the dissemination agent. Trustee 6,500 Annual fees are paid to Wells Fargo for services provided as trustee, paying agent and registrar. Website and E-blast Communication 1,220 Constant Contact for Eblast Communication $60/month and Website enhancement $500 month. Postage 1,500 Mailing of agenda packages, overnight deliveries, correspondence, etc. Legal advertising 1,000 The District advertises for monthly meetings, special meetings, public hearings, public bids, etc. 4

25 STONEGATE COMMUNITY DEVELOPMENT DISTRICT DEFINITIONS OF GENERAL FUND EXPENDITURES EXPENDITURES (continued) Office supplies 300 Accounting and administrative supplies. Other current charges 1,000 Miscellaneous charges. Annual special district fee 175 Annual fee paid to the Florida Department of Economic Opportunity. Insurance 6,950 The District carries public officials and general liability insurance with policies written by Preferred Governmental Insurance Trust. The limit of liability is set at $1,000,000 for general liability ($2,000,000 general aggregate) and $1,000,000 for public officials liability. Property taxes 178 Parcel # has an assessed value of $100, which results in an annual tax bill of $2.44. This relates to the lift station. Field Operations Landscape maintenance 68,418 The District extended its agreement with Armando Garcia Land Service, Inc. an additional year. The work under the extended agreement commences October 1, 2014 and expiring September 30, The agreement can automatically renew for 2 additional one year terms with no price increase through September 30, Armando Garcia Land Service, Inc. is also responsible for post storm debris removal and clean up at competitive market rates, determined at the time of post storm cleanup. The scope of general landscaping services provided is as follows:. Lawn Cutting - 29X/year, $800/cut Fertilize - 3X/year, $1650/application Pest Control - 2X/year, $1325/application Plant Annuals, " $2.25/ea 4x per year Mulch, 1350 $3.75/bag, 2X per year Trimming - $1,800/per application Dec. 4, 2009 Contract Amendment (Add Tract C) Landscape replacement 10,000 Replacement of landscaping around common areas owned by the District. Irrigation Repairs 6,000 Represents the labor to replace defective valves as well as replacement of various sprinklers around the clubhouse area and all common areas. Contractor is to provide receipts for actual costs associated with the replacement parts and to be reimbursed for those costs. Playground renovation 3,000 Represents renovations and equipment repairs necessary for the clubhouse playground area. Pump maintenance/repair 4,000 The District extended its agreement with Hoover Pumping Systems an additional year for preventative maintenance, effective October 1, 2014 through September 30, The agreement includes four site visits per year with an annual payment of $1, Should the District require service between the scheduled visits, the District may request a service visit without being subject to the diagnostic fee. The agreement is automatically renewable for two additional one year periods unless written notice is provided by either party 30-days prior to the expiration of the initial term of the agreement. An additional $2, has been budgeted for any repairs needed to the pump. Electrical repairs 3,000 Represents electrical repairs on District owned facilities needed from time to time. 5

26 STONEGATE COMMUNITY DEVELOPMENT DISTRICT DEFINITIONS OF GENERAL FUND EXPENDITURES EXPENDITURES (continued) Lake maintenance 25,987 The District entered into an agreement with Aquatic Services Inc., to service six District lakes, for $1,348 annually, billed 24 payments, 2x monthly. The agreement became effective January 2015 and auto renews. Upon the mutual agreement of both parties, the term may be extended for up to 2 extension terms (one year each), through September 30, Labor, equipment, herbicide, insurance for all 6 lakes are included, and management reporting for 5 is included. The District entered into a lake aeration agreement with Aquatic Services Inc. for $216/semi-annually. Automatic renewal unless 30 days notice prior to renewal date. This agreement includes monthly lake debris removal. This line item allows for additional funds to be used for additional treatments for algae, including skimming the lakes. Contingency 5,000 This category is for unexpected, non-budgeted expenditures that the District may incur during the fiscal year. Holiday decorations 13,000 The District entered into an agreement with Plant Professionals to provide holiday landscape decorations and lighting for District owned facilities. The agreement was initially entered into on October 9, Per the amendment to the agreement, the term of the agreement shall be four (4) consecutive holiday seasons through the 2014 holiday season. Compensation to Plant Professionals is payable in the following apportionments: 50% initial payment, 30% after installation and 20% upon removal. Animal control 7,500 The District anticipates engaging a vendor to remove ducks and rodents. Operating supplies 2,000 Supplies necessary for operating the clubhouse. Clubhouse Telephone 4,800 The District currently has two accounts with AT&T. The accounts provide telephone and fax service ( ) to the clubhouse and alarm line ( ) to ADT for monitoring. Utilities 44,000 The City of Homestead provides electric, water and sewer service to the Clubhouse at 1020 N.E. 34th Ave., Acct. # Insurance property 14,575 Includes property insurance for the District's clubhouse (total insured value $1,345,000) main pool (total insured value $345,000), children's pool (total insured value $45,000) and playground equipment (total insured value $15,000). Flood Insurance 2,819 Due to FEMAs high hazard flood rating for the clubhouse location, flood insurance was obtained through the National Flood Insurance Program (NFIP). The policy has a $20,000 deductible and an annual premium of approximately $3,402, which includes an assumed 10% CPI adjustment. Alarm monitoring 1,775 ADT Security Services provides quarterly alarm monitoring services for the alarms in the clubhouse at a rate of $176.14/quarter ($705 annually). Two additional service calls per year have been budgeted at $40 per occurrence. 6

27 STONEGATE COMMUNITY DEVELOPMENT DISTRICT DEFINITIONS OF GENERAL FUND EXPENDITURES EXPENDITURES (continued) Fire monitoring 540 Chi Alarms, Inc. provides fire monitoring services at a rate of $135/quarter ($540 annually). This amount includes UL certification and monitoring. Pool maintenance 20,000 The District entered into a pool maintenance agreement with Vision Pools of Miami. The initial term of the agreement is 12 months from August 30th 2015 through September 30th The frequency of services is as follows: three (3) Days per week from October through April, Tuesday, Thursday and Saturdays; Five days per week from May through September, Monday, Tuesday, Wednesday, Friday and Saturdays. All Chemicals included. Clean filter media twice a week and degrease them once per month or as needed. The agreement can be canceled by either party upon 30 days written notice. Pool repair 7,500 Costs for repairs to the clubhouse pool and wading pool. Pool Health Inspection Semi-annual pool inspections ($250/inspection of large pool & $125/inspection of wading 750 pool) conducted by Miami-Dade County Department of Health. Air conditioning inspections 4,500 The District entered into a one year agreement with Unitech Air Co. effective October 1, 2014 through September 30, 2015 consisting of 6 inspections of the clubhouse air conditioning system per year. The agreement is automatically renewable for two additional one year periods unless changed or terminated by either party giving at least 30 days of written notice. The agreement does not include the cost of replacement parts or the cost of labor for repairs. An additional $3,950 has been included for $2,950 for new blower and additional $1,000 for repairs not covered by the preventative maintenance. Clubhouse Mgmt: GAPA Property Mgmt Corp 219,103 Clubhouse operation and management: The District entered into an agreement with GAPA Property Management Corporation on June 26, The agreement was from October 1, 2014 through September 30, The agreement has been extended through FY 2019 as follows: FY 2017 $209,506.03, FY 2018 $212,791.21, FY 2019 $216, % net revenue from programs shall be remitted to District. Clubhouse and amenity management, which includes, but is not limited to, the complete operations of the clubhouse, staffing, hiring, custodial cleaning (of the facilities), planning activities & special events for the benefit of the residents and their guests in accordance with the adopted clubhouse policies and procedures. Fitness equipment maintenance 5,500 The District entered into an agreement with Gym Tech, Inc. for preventative maintenance on gym exercise equipment effective October 1, 2014 through September 30, Gym Tech provides one monthly site visit at $185 per visit, ($2,220 annually). Service calls secondary to the P.M. will consist of a $45 trip charge and a $40 per hour labor charge. The agreement also provides for a 10% discount on suggested retail parts as well as a physical response time within two days. The agreement can be cancelled by either party at any time with30 days notice of termination. This agreement can be automatically renewed for two additional one year periods. An additional $2,000 has been included for repairs not covered under the preventative maintenance agreement. Office supplies 1,800 Supplies needed for the operation of the clubhouse. Examples of office supplies include but are not limited to copy paper, printer ink, pens, pencils, erasers, calendars, clips, tacks, rubber bands, file folders, storage boxes, plastic bins, etc. 7

28 STONEGATE COMMUNITY DEVELOPMENT DISTRICT DEFINITIONS OF GENERAL FUND EXPENDITURES EXPENDITURES (continued) Repairs and maintenance 15,000 Represents repair costs associated with maintaining District owned facilities, infrastructure and improvements. Pressure cleaning 3,000 Represents the cost to pressure clean the District's clubhouse and surrounding infrastructure. Janitorial supplies 5,700 Represents supplies needed for the operation of the clubhouse. Examples of janitorial supplies include but are not limited to paper towels, paper tissue, tissue paper, dispensing devices, cleaning products, antibacterial sprays, mops, brooms, brushes, waste bags, waste receptacles, fitness center/gym wipes, etc. Contingencies 5,100 Clubhouse renewal & replacement Capital Outlay General 40,000 Lake bank erosion 78,535 Other fees and charges Property appraiser 3,734 The property appraiser's fee is 0.5%. Tax collector 3,734 The tax collector's fee is 0.5%. Total expenditures $ 723,958 8

29 STONEGATE COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND BUDGET - SERIES 2008 FISCAL YEAR 2019 Fiscal Year 2018 Adopted Budget FY 2018 Actual through 3/31/18 Projected through 9/30/2018 Total Revenue & Expenditures Proposed Budget FY 2019 REVENUE Assessment levy - gross $ 453,981 $ 452,829 Allowable discounts (4%) (18,159) (18,113) Assessment levy - net 435,822 $ 366,820 $ 69,002 $ 435, ,716 Interest - 2,809 3,000 5,809 - Total revenue 435, ,629 72, , ,716 EXPENDITURES Debt service Principal 5/1 75,000-75,000 75,000 80,000 Interest 11/1 178, , , ,094 Interest 5/1 178, , , ,094 Total debt service 431, , , , ,188 Other fees & charges Property appraiser 2,270-2,270 2,270 2,264 Tax collector 2,270 3,667-3,667 2,264 Total other fees & charges 4,540 3,667 2,270 5,937 4,528 Total expenditures 435, , , , ,716 Net increase/(decrease) in fund balance - 187,821 (183,409) 4,412 - Beginning fund balance (unaudited) 670, , , , ,816 Ending fund balance (projected) $ 670,941 $ 867,225 $ 683,816 $ 683, ,816 Use of fund balance: Debt service reserve account balance (required) (430,031) Interest expense - November 1, 2019 (171,844) Projected fund balance surplus/(deficit) as of September 30, 2019 $ 81,941 9

30 Stonegate Community Development District Series 2008, Special Assessment Revenue Bonds Debt Service Schedule Date Principal Coupon Interest Total P+I 11/01/ , , /01/ , % 175, , /01/ , , /01/ , % 171, , /01/ , , /01/ , % 168, , /01/ , , /01/ , % 164, , /01/ , , /01/ , % 160, , /01/ , , /01/ , % 155, , /01/ , , /01/ , % 150, , /01/ , , /01/ , % 145, , /01/ , , /01/ , % 139, , /01/ , , /01/ , % 133, , /01/ , , /01/ , % 126, , /01/ , , /01/ , % 119, , /01/ , , /01/ , % 110, , /01/ , , /01/ , % 102, , /01/ , , /01/ , % 92, , /01/ , , /01/ , % 82, , /01/ , , /01/ , % 71, , /01/ , , /01/ , % 59, , /01/ , , /01/ , % 46, , /01/ , , /01/ , % 32, , /01/ , , /01/ , % 16, , Total $4,310, $4,846, $9,156,

31 STONEGATE COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND BUDGET - SERIES 2013 (REFUNDED SERIES 2004) FISCAL YEAR 2019 Adopted Budget FY 2018 Fiscal Year 2018 Actual through 3/31/18 Projected through 9/30/2018 Total Revenue & Expenditures Proposed Budget FY 2019 REVENUE Assessment levy - gross $639,944 $639,944 Allowable discounts (25,598) (25,598) Assessment levy - net 614,346 $ 517,208 $ 97,138 $ 614, ,346 Interest Total revenue 614, ,648 97, , ,346 EXPENDITURES Debt service Principal 5/1 285, , , ,000 Principal prepayment - 5,000 10,000 15,000 - Interest 11/1 161, , , ,725 Interest 5/1 161, , , ,725 *Total debt service 608, , , , ,450 Other fees & charges Property appraiser 3,200-3,200 3,200 3,200 Tax collector 3,200 5,170-5,170 3,200 Total other fees & charges 6,400 5,170 3,200 8,370 6,400 *Total expenditures 615, , , , ,850 Net increase/(decrease) in fund balance (880) 346,528 (301,425) 45,103 (504) Beginning fund balance (unaudited) 205, , , , ,763 Ending fund balance (projected) $ 205,049 $ 543,188 $ 241,763 $ 241, ,259 Use of fund balance: Debt service reserve account balance (required) (25,000) Interest expense - November 1, 2019 (150,825) Projected fund balance surplus/(deficit) as of September 30, 2019 $ 65,434 11

32 Stonegate Community Development District Series 2013, Special Assessment Revenue Bonds Debt Service Schedule Date Principal Coupon Interest Total P+I 11/01/ , , /01/ , % 156, , /01/ , , /01/ , % 150, , /01/ , , /01/ , % 144, , /01/ , , /01/ , % 138, , /01/ , , /01/ , % 131, , /01/ , , /01/ , % 124, , /01/ , , /01/ , % 117, , /01/ , , /01/ , % 109, , /01/ , , /01/ , % 99, , /01/ , , /01/ , % 89, , /01/ , , /01/ , % 78, , /01/ , , /01/ , % 67, , /01/ , , /01/ , % 54, , /01/ , , /01/ , % 42, , /01/ , , /01/ , % 28, , /01/ , , /01/ , % 14, , Total $6,740, $3,096, $9,836,

33 STONEGATE COMMUNITY DEVELOPMENT DISTRICT ASSESSMENT COMPARISON PROJECTED FISCAL YEAR 2019 ASSESSMENTS Proposed FY 2019 Total Series 2013 Series 2008 Projected Debt Service Debt Service O & M Total % Change Product Units Assessment Assessment Assessment Assessment FY 18' to FY 19' Monterey at Malibu Bay 240 $ $ $ $ 1, % Ventura at Malibu Bay , % Villas at Carmel Condos , % Sonara at Malibu Bay , % Estates at Mendocino , % 1,055 Adopted FY Detail Total Series 2013 Series 2008 Projected Debt Service Debt Service O & M Total Product Units Assessment Assessment Assessment Assessment Monterey at Malibu Bay 240 $ $ $ $ 1, Ventura at Malibu Bay , Villas at Carmel Condos , Sonara at Malibu Bay , Estates at Mendocino , ,055 13

34 STONEGATE COMMUNITY DEVELOPMENT DISTRICT CAPITAL IMPROVEMENT PLAN EXHIBIT A Revised Priority Type Planned Projects for FY2018 Location Budget M B Installation of gutters on top and front of clubhouse Clubhouse 15,000 M A Installation of Aerators, Lake 3 Lake 3 15,000 M A/B Lake Bank Restoration Project-Year 2 of 2 Lake 5 78,535 M B Resurface and restripe parking lots (needs seal coating $3,200) Parking Lot 10,000 - Future Capital Projects W LED pool deck lights - improvement project Pool Deck - W Playground-improvement project Playground - M Clubhouse roof replacement/stucco repair/indoor/outdoor painting Clubhouse - M Replace air conditioners Clubhouse - W Computer software upgrades/computers Clubhouse - W Gym Equipment/Upgrades Fitness Center - M Pool Resurface (family & kids) Pools - M Pool Furniture Pools - M Lake Bank Restoration Project Lake 1 - M Lake Bank Restoration Project Lake 2 - M Lake Bank Restoration Project Lake 3 - W Walkway/Path around Clubhouse Lake Beautification Lake 3 - M Lake Bank Restoration Project Lake 4 - M Lake Bank Restoration Project Lake 6 - M Landscape improvement project District Wide - - Total capital projects for FY2018 $ 118,535 Minus (-) total committed fund balance being used for FY2018 CIP projects - Equals (=) amount needed to be funded by Infrastructure Reinvestment Assessments $ 118,535 Type of Project 10 Year CIP Outlook M Must Do FY 2019 $ 129,500 W Want to Do FY ,443 Priority FY ,415 A Safety & health FY ,416 B Capital Improvement/preservation of infrastructure FY ,447 C Cost savings FY ,509 D Request FY ,602 FY ,726 FY ,882 FY ,070 $ 1,386,010 14

35 STONEGATE COMMUNITY DEVELOPMENT DISTRICT 6

36 RESOLUTION A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE STONEGATE COMMUNITY DEVELOPMENT DISTRICT MAKING A DETERMINATION OF BENEFIT AND IMPOSING SPECIAL ASSESSMENTS FOR FISCAL YEAR 2018/2019; PROVIDING FOR THE COLLECTION AND ENFORCEMENT OF SPECIAL ASSESSMENTS; CERTIFYING AN ASSESSMENT ROLL; PROVIDING FOR AMENDMENTS TO THE ASSESSMENT ROLL; PROVIDING A SEVERABILITY CLAUSE; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, the Stonegate 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 is located in Miami-Dade County, Florida ( County ); 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 hereby determines to undertake various operations and maintenance and other activities described in the District s budget ( Adopted Budget ) for the fiscal year beginning October 1, 2018 and ending September 30, 2019 ( Fiscal Year 2018/2019 ), attached hereto as Exhibit A and incorporated by reference herein; 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 Adopted 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 Adopted Budget; and WHEREAS, the District has previously levied an assessment for debt service, which the District desires to collect for Fiscal Year 2018/2019; and

37 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 of the Stonegate Community Development District ( Assessment Roll ) attached to this Resolution as Exhibit B and incorporated as a material part of this Resolution by this reference, and to certify the Assessment Roll to the County Tax Collector pursuant to the Uniform Method; and WHEREAS, it is in the best interests of the District to permit the District Manager to amend the Assessment Roll, 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 STONEGATE COMMUNITY DEVELOPMENT DISTRICT: SECTION 1. BENEFIT & ALLOCATION FINDINGS. The Board hereby finds and determines that 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, as shown in Exhibits A and B, is hereby found to be fair and reasonable. SECTION 2. ASSESSMENT IMPOSITION. Pursuant to Chapters 190 and 197, 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. The collection of the operation and maintenance special assessments and previously levied debt service assessments shall be at the same time and in the same manner as County taxes in accordance with the Uniform Method, as indicated on Exhibits A and B. 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 Assessment Roll, attached to this Resolution as Exhibit B, 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.

38 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 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 day of, ATTEST: STONEGATE COMMUNITY DEVELOPMENT DISTRICT Secretary / Assistant Secretary By: Its: Exhibit A: Exhibit B: Budget Assessment Roll

39 STONEGATE COMMUNITY DEVELOPMENT DISTRICT 7

40 STONEGATE COMMUNITY DEVELOPMENT DISTRICT FINANCIAL STATEMENTS UNAUDITED JULY 31, 2018

41 STONEGATE COMMUNITY DEVELOPMENT DISTRICT BALANCE SHEET GOVERNMENTAL FUNDS JULY 31, 2018 General Fund Debt Service Fund 2008 Debt Service Fund 2013 Total Governmental Funds ASSETS Bank of America $ 729,390 $ - $ - $ 729,390 FineMark Bank - money mkt 255, ,906 Investments State Board of Administration Revenue , ,558 Reserve , ,031 Interest Sinking fund Revenue , ,998 Reserve ,000 25,000 Interest Sinking fund Prepayment Undeposited funds Due from other Due from other funds General fund Assessments receivable Total assets $ 986,467 $ 691,717 $ 253,195 $ 1,931,379 LIABILITIES AND FUND BALANCES Liabilities: Accounts payable - clubhouse $ 488 $ - $ - $ 488 Due to other funds Debt service - series Debt service - series Due to other Total liabilities Fund Balance Restricted Debt service - 691, , ,912 Committed Clubhouse renewal & replacement 130, ,000 Assigned 3 months working capital 149, ,647 Disaster 200, ,000 Unassigned 505, ,981 Total fund balance 985, , ,195 1,930,540 Total liabilities & fund balances $ 986,467 $ 691,717 $ 253,195 $ 1,931,379 1

42 STONEGATE COMMUNITY DEVELOPMENT DISTRICT STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES GENERAL FUND FOR THE PERIOD ENDED JULY 31, 2018 Current Month Year to Date % of Budget Budget REVENUES Assessments $ 903 $ 726,164 $ 716, % Interest 225 2,259 1, % Clubhouse rental fees ,400 - N/A Miscellaneous 525 3,585 5,000 72% Total revenues 2, , , % EXPENDITURES Administrative Supervisors 615 3,615 6,000 60% Payroll taxes % Management/recording/accounting 4,269 34,626 41,551 83% Legal - 10,358 14,500 71% Engineering - - 2,000 0% Audit - 6,430 6, % Assessment roll preparation 423 4,229 5,075 83% Arbitrage rebate calculation - - 1,250 0% Dissemination agent ,000 83% Trustee - 7,000 6, % Website enhancement ,220 52% Postage ,500 42% Legal advertising ,000 53% Office supplies % Other current charges 197 1,940 1, % Annual special district fee % Insurance - 6,407 6,950 92% Property taxes % Total administrative expenses 5,711 77,830 96,913 80% Field Operations Landscape maintenance ,358 66,425 71% Landscape replacement 960 9,598 10,000 96% Playground renovation - - 3,000 0% Clubhouse irrigation - - 6,000 0% Pump maintenance/repair - 2,342 4,000 59% Electrical repairs 75 4,163 3, % Lake maintenance 3,215 28,935 25, % Contingency - - 2,500 0% Holiday decorations - 12,000 13,000 92% Animal control 635 6,215 7,500 83% Operating supplies - - 2,000 0% Hurricane clean-up - 49,795 - N/A Total field operations 5, , , % 2

43 STONEGATE COMMUNITY DEVELOPMENT DISTRICT STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES GENERAL FUND FOR THE PERIOD ENDED JULY 31, 2018 Current Month Year to Date % of Budget Budget Clubhouse Telephone 519 4,489 4, % Utilities 4,761 38,111 42,000 91% Insurance - 13,860 14,575 95% Flood insurance - - 2,819 0% Alarm monitoring 135 1,343 1,775 76% Video surveillance - 3,041 5,300 57% Fire monitoring % Pool maintenance 2,000 18,223 19,800 92% Pool repair ,500 9% Pool health inspections % Air conditioning R&M 250 1,085 4,500 24% Clubhouse operation and management Clubhouse management 17, , ,721 75% Fitness equipment maintenance 1,995 6,005 5, % Office supplies ,800 52% Repairs and maintenance ,654 15,000 84% Pressure cleaning - 1,555 3,000 52% Janitorial supplies 95 5,393 5,700 95% Contingencies - - 5,000 0% Total clubhouse 27, , ,780 76% Infrastructure reinvestment Capital outlay General - 11,690 33,500 35% Clubhouse video surveillance upgrade ,000 0% Lake bank erosion 55,229 55,229 66,000 84% Total clubhouse reserves 55,229 66, ,500 48% Other fees and charges Property appraiser - - 3,734 0% Tax collector 7 7,257 3, % Total other fees and charges 7 7,257 7,468 97% Total expenditures 94, , ,086 79% Net increase/(decrease) of fund balance (91,872) 162,712 (15,220) Fund balances - beginning 1,077, , ,501 Fund balances - ending Committed Clubhouse renewal & replacement 130, , ,000 Assigned 3 months working capital 149, , ,647 Disaster 200, , ,000 Unassigned 505, , ,634 Total Fund balance - ending $ 985,628 $ 985,628 $ 822,281 3

44 STONEGATE COMMUNITY DEVELOPMENT DISTRICT STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES DEBT SERVICE FUND: SERIES 2008 FOR THE PERIOD ENDED JULY 31, 2018 Current Month Year to Date % of Budget Budget REVENUES Assessments $ 549 $ 441,390 $ 435, % Interest 904 6,615 - N/A Total revenues 1, , , % EXPENDITURES Principal 5/1-75,000 75, % Interest 11/1-178, , % Interest 5/1-178, , % Property appraiser - - 2,270 0% Tax collector 4 4,410 2, % Total expenditures 4 435, , % Net increase/(decrease) of fund balance 1,449 12,313 - Fund balances - beginning 690, , ,941 Fund balances - ending $ 691,717 $ 691,717 $ 670,941 4

45 STONEGATE COMMUNITY DEVELOPMENT DISTRICT STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES DEBT SERVICE FUND: SERIES 2013 (REFUNDED SERIES 2004) FOR THE PERIOD ENDED JULY 31, 2018 Current Month Year To Date % of Budget Budget REVENUES Assessments $ 774 $ 622,350 $ 614, % Interest 273 2,215 - N/A Total revenues 1, , ,346 N/A EXPENDITURES Debt service Principal 5/1-225, ,000 79% Principal prepayment - 15,000 - N/A Interest 11/1-160, ,913 99% Interest 5/1-160, ,913 99% Property appraiser - - 3,200 0% Tax collector 5 6,217 3, % Total expenditures 5 568, ,226 92% Net increase/(decrease) of fund balance 1,042 56,535 (880) Fund balances - beginning 252, , ,929 Fund balances - ending $ 253,195 $ 253,195 $ 205,049 5

46 STONEGATE COMMUNITY DEVELOPMENT DISTRICT CHECK REGISTER JULY 31, 2018

47 3:24 PM Stonegate CDD 07/31/18 Check Detail July 2018 Type Num Date Name Account Paid Amount Original Amount Bill Pmt -Check /05/2018 FEDEX Bank of Bill /03/ Postage TOTAL Bill Pmt -Check /05/2018 GAPA PROPERTY MANAGEMENT Bank of , Bill /03/ Clubhous , , TOTAL -17, , Bill Pmt -Check /05/2018 AL-FLEX EXTERMINATORS, INC Bank of Bill /03/ Animal C TOTAL Bill Pmt -Check /05/2018 ALL STAR ELECTRICAL SERVICES Bank of Bill /03/ Electrical TOTAL Bill Pmt -Check /05/2018 AQUATIC SYSTEMS, INC Bank of... -3, Bill /03/ Lake Mai... -3, , TOTAL -3, , Bill Pmt -Check /05/2018 CITY OF HOMESTEAD Bank of TOTAL Bill Pmt -Check /05/2018 COMCAST CORPORATION Bank of Bill /03/ Utilities TOTAL Page 1

48 3:24 PM Stonegate CDD 07/31/18 Check Detail July 2018 Type Num Date Name Account Paid Amount Original Amount Bill Pmt -Check /05/2018 FITNESS SOURCE Bank of Bill /03/ Fitness E Bill /03/ Fitness E TOTAL Bill Pmt -Check /05/2018 HD SUPPLY FACILITIES MAINTEN Bank of Bill /03/ Janitorial TOTAL Bill Pmt -Check /05/2018 POOL QUALITY SERVICES Bank of... -2, Bill /03/ Pool Main... -2, , TOTAL -2, , Bill Pmt -Check /05/2018 ROTO-ROOTER Bank of Bill /03/ Repairs & TOTAL Bill Pmt -Check /05/2018 CITY OF HOMESTEAD Bank of... -3, Bill /03/ Utilities -3, , TOTAL -3, , Bill Pmt -Check /05/2018 CITY OF HOMESTEAD Bank of Bill /03/ Utilities TOTAL Bill Pmt -Check /12/2018 FEDEX Bank of Bill /11/ Postage TOTAL Page 2

49 3:24 PM Stonegate CDD 07/31/18 Check Detail July 2018 Type Num Date Name Account Paid Amount Original Amount Bill Pmt -Check /12/2018 WRATHELL, HUNT & ASSOCIATES Bank of... -4, Bill /11/ Managem... -3, , Managem Assessm Dissemin TOTAL -4, , Bill Pmt -Check /12/2018 ARMANDO GARCIA LAND SERVIC Bank of , Bill /11/ Lake Ban , , Bill /11/ Lake Ban , , TOTAL -55, , Bill Pmt -Check /12/2018 AT & T Bank of Bill /11/ Clubhous Bill /11/ Clubhous TOTAL Bill Pmt -Check /12/2018 CHI ALARMS, INC Bank of Bill /11/ Alarm Mo TOTAL Bill Pmt -Check /12/2018 FITNESS SOURCE Bank of Bill /11/ Fitness E TOTAL Check /18/2018 Erica G. Avila Bank of Superviso TOTAL Page 3

50 3:24 PM Stonegate CDD 07/31/18 Check Detail July 2018 Type Num Date Name Account Paid Amount Original Amount Check /18/2018 Raider Ferro Bank of Superviso TOTAL Check /18/2018 Noelle Franco-McKie Bank of Superviso TOTAL Bill Pmt -Check /20/2018 FEDEX Bank of Bill /18/ Postage TOTAL Bill Pmt -Check /20/2018 GRAU AND ASSOCIATES Bank of... -1, Bill /14/ Audit -1, , TOTAL -1, , Bill Pmt -Check /20/2018 ARMANDO GARCIA LAND SERVIC Bank of... -1, Bill /18/ Landscap Bill /18/ Irrigation TOTAL -1, , Bill Pmt -Check /20/2018 FITNESS SOURCE Bank of Bill /18/ Fitness E Bill /18/ Fitness E TOTAL Bill Pmt -Check /20/2018 ROTO-ROOTER Bank of Bill /18/ Repairs & TOTAL Page 4

51 3:24 PM Stonegate CDD 07/31/18 Check Detail July 2018 Type Num Date Name Account Paid Amount Original Amount Bill Pmt -Check /20/2018 UNITECH AIR CO Bank of Bill /18/ Air Condit TOTAL Check /26/2018 STONEGATE CDD Bank of , Due to D , , TOTAL -29, , Check /26/2018 STONEGATE CDD Bank of , Due to D , , TOTAL -42, , Bill Pmt -Check /26/2018 FEDEX Bank of Bill /25/ Postage TOTAL Bill Pmt -Check /26/2018 ANIMAL REMOVAL SERVICES Bank of Bill /25/ Animal C TOTAL Bill Pmt -Check /26/2018 FITNESS SOURCE Bank of Bill /25/ Fitness E Bill /25/ Fitness E TOTAL Page 5

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94 STONEGATE COMMUNITY DEVELOPMENT DISTRICT 8

95 DRAFT MINUTES OF MEETING STONEGATE COMMUNITY DEVELOPMENT DISTRICT A Regular Meeting of the Stonegate Community Development District s Board of Supervisors was held on Tuesday, July 10, 2018 at 6:15 p.m., at the Malibu Bay Clubhouse, 1020 NE 34 th Avenue, Homestead, Florida Present at the meeting were: Erica Avila Chair Raider Ferro Vice Chair Noelle Franco-McKie Assistant Secretary Also present were: Howard McGaffney District Manager Michael Pawelczyk District Counsel Juan Galo Clubhouse Manager Martha Agudelo Gapa Property Management Corp. Arnaldo Sosa Resident Arthur Goessel Resident Mike Granobles Resident FIRST ORDER OF BUSINESS Call to Order/Roll Call Mr. McGaffney called the meeting to order at 6:19 p.m. Supervisors Avila, Ferro and Franco-McKie were present, in person. Supervisors Daniel and McGuinness were not present. SECOND ORDER OF BUSINESS Public Comments: non-agenda items There being no public comments, the next item followed. THIRD ORDER OF BUSINESS Continued Discussion: Fiscal Year 2018/2019 Proposed Budget Mr. McGaffney stated this was for informational purposes only; the proposed Fiscal Year 2019 budget will remain on the agenda until the public hearing. Assessments for Fiscal Year 1

96 STONEGATE CDD DRAFT July 10, will remain the same as in Fiscal Year Management is coordinating the Truth In Millage (TRIM) notices with the County. FOURTH ORDER OF BUSINESS Consideration of Resolution Adopting the Annual Meeting Schedule for Fiscal Year 2018/2019 Mr. McGaffney presented Resolution If the Fiscal Year 2020 assessments increase, it might be necessary to change the September 3, 2019 meeting date to September 10, 2019, if 197 notices must be mailed. That decision would be made closer to the scheduled September, 2019 meeting date. On MOTION by Mr. Ferro and seconded by Ms. Franco-McKie, with all in favor, Resolution , Adopting the Annual Meeting Schedule for Fiscal Year 2018/2019, was adopted. FIFTH ORDER OF BUSINESS Approval of Unaudited Financial Statements as of May 31, 2018 Mr. McGaffney presented the Unaudited Financial Statements as of May 31, Assessment revenue collections were at 94% and expenditures were at 58%, which was below budget projections of 65%, despite the unexpected hurricane clean-up expenses. During the Fiscal Year 2020 budget season, Management intends to explore the option of refinancing the Series 2008 bonds at a lower interest rate but with the same expiration term. On MOTION by Ms. Franco-McKie and seconded by Ms. Avila, with all in favor, the Unaudited Financial Statements as of May 31, 2018, were approved. SIXTH ORDER OF BUSINESS Approval of May 15, 2018 Regular Meeting Minutes Mr. McGaffney presented the May 15, 2018 Regular Meeting Minutes and asked for any additions, deletions or corrections. 2

97 STONEGATE CDD DRAFT July 10, On MOTION by Mr. Ferro and seconded by Ms. Avila, with all in favor, the May 15, 2018 Regular Meeting Minutes, as presented, were approved. SEVENTH ORDER OF BUSINESS Open Items There were no Open Items. EIGHTH ORDER OF BUSINESS Staff Reports A. Clubhouse Manager: GAPA Property Management Corp. Mr. Galo presented the Clubhouse Report and highlighted the following items: Monthly services, repairs and maintenance performed by various vendors. Jordan received verbal approval of the electrical permit for the lake aerators, between Sonora and Villas. Mr. McGaffney asked Mr. Galo to provide an overview of the coffee expenditures, which GAPA provides as a part of its Amenity Management contract. Mr. Galo stated that the account is serviced once a week. The May invoice was $978.48; approximately $12,000 of GAPA s contract goes towards providing coffee, cream, cups, etc., to the community. Rental activity was increasing, with events already booked from October through December. Summer Bash Party scheduled for July 21, Lake planting project was completed; he recommended touring the area in person. Aerator system project begins Monday, with littoral planting to follow. Mr. McGaffney toured the area and commented about how full the plants look, given the short time span, and stated that, due to the rapid growth, Armando Garcia Land Service, INC (AGLS) had some removed and replanted elsewhere; the growth also aided in calculating what the distance should be between plantings. The benefit of this landscaping was not for beatification; it was to aid in repairing and stabilizing lake bank erosion by selecting deep rooted plantings that impede toxic fertilizers from directly entering the ponds. He expects to coordinate a plan with AGLS for next year s plantings to present in September and, if approved, 3

98 STONEGATE CDD DRAFT July 10, move forward with the project in October and finish before December. Mr. Galo commented that homeowners originally questioned AGLS about the project; however, once they understood the purpose, they commented about the beautiful results. Mr. McGaffney stated that, once the littoral shelf plantings and the aerator installation are completed, this pond would be the measure in determining how to approach other ponds in the community. In response to a question, Mr. McGaffney confirmed that the CDD lakes are connected. Mr. Pawelczyk will confirm whether the CDD lakes are connected to those in the Waterstone community. Discussion ensued regarding the stormwater system homeowner misconception that, if water reaches their driveway, the system it is not functioning properly. Per the District Engineer, the system is designed to handle a 12 rainfall; any consistent storm event beyond that would result in water covering the street and possibly up to the lawn but never reaching into homes. B. District Counsel: Billing, Cochran, Lyles, Mauro & Ramsey, P.A. Mr. Pawelczyk provided the following updates: i. Update: Tax-Occupational License, City of Homestead Ms. Kathy Milford, of the City of Homestead, has not responded to his follow up regarding the tax bill; therefore, deferring payment until a response is received was recommended. Form 1, Statement of Financial Disclosure: Mr. Pawelczyk reminded Board Members to file Form 1, which can now be ed. He would confirm on the Supervisor s of Elections office website whose, if any, were missing. C. District Manager: Wrathell, Hunt and Associates, LLC i. 1,397 Registered Voters in District as of April 15, 2018 Mr. McGaffney reported that there were 1,397 registered voters residing within the boundaries of the District as of April 15, ii. Consideration of ADA Site Compliance Proposal for Website Compliance Shield, Accessibility Policy and One (1) Annual Technological Audit Mr. McGaffney stated that numerous CDDs, governments and other entities were being sued because their websites were not compliant with the Americans with Disabilities Act (ADA) 4

99 STONEGATE CDD DRAFT July 10, requirements for websites. Although the CDD was not served, Management took proactive measures. Mr. Pawelczyk stated that several Districts, managed by WHA, his law firm or others, were either served or made aware of these lawsuits being filed. He explained the claim was that those public entity websites were not accessible to the blind so they were not ADA compliant. To remedy this, documents on the CDD s website will be modified so that the visually impaired can use text to speech software. WHA, his firm, insurance carriers and others decided to be proactive by making certain the website is accessible for the blind by bringing it in compliance before served or having to defend itself in a lawsuit. Mr. McGaffney stated that, on behalf of all the Districts managed by WHA, Mr. Wrathell engaged ADA Site Compliance (ADASC), at a cost of $199 per District, to update each website with an ADA Compliance Seal, which links to the Accessibility Compliance Policy and explains that steps are underway to make the website compliant and advises whom to contact for any accommodations, in the interim. This approach was derived from coordination between District Management firms, attorneys and insurance carriers to handle these lawsuits. A technical audit of the website is being performed and, once received, further action may follow. The webmaster, Strange Zone, and Management s Staff are being trained about what must be done, in terms of saving and posting documents correctly, so that the website is ADA compliant. Mr. Pawelczyk stated that the reason everyone decided to address and coordinate efforts, ahead of being served, was because, if the Districts lost in Federal Court, they would be required to pay attorney s fees; the main goal of the Plaintiff is compliance. On MOTION by Mr. Ferro and seconded by Ms. Avila, with all in favor, the ADA Site Compliance Proposal for Website Compliance Shield, Accessibility Policy and One (1) Annual Technological Audit and Management s previously taken actions related to making the CDD website ADA-compliant, were ratified, and authorizing Management to take immediate steps to make the CDD website compliant with previously drafted Department of Justice ADA-related rules, was approved. 5

100 STONEGATE CDD DRAFT July 10, District Counsel: Billing, Cochran, Lyles, Mauro & Ramsey, P.A. Discussion resumed. Mr. Pawelczyk stated that Mr. Daniel and Ms. Avila must file Form 1 before the September 1, 2018 deadline, to avoid incurring any fines. Mr. McGaffney will a reminder to Mr. Daniel. NINTH ORDER OF BUSINESS Supervisors Requests There being no Supervisors requests, the next item followed. TENTH ORDER OF BUSINESS NEXT MEETING DATE: September 4, 2018 at 6:15 P.M. Mr. McGaffney stated that the next meeting will be held on September 4, 2018 at 6:15 p.m., at this location. ELEVENTH ORDER OF BUSINESS Adjournment There being no further business to discuss, the meeting adjourned. On MOTION by Ms. Franco-McKie and seconded by Mr. Ferro, with all in favor, the meeting adjourned at 7:00 p.m. [SIGNATURES APPEAR ON THE FOLLOWING PAGE] 6

101 STONEGATE CDD DRAFT July 10, Secretary/Assistant Secretary Chair/Vice Chair 7

102 STONEGATE COMMUNITY DEVELOPMENT DISTRICT 9

103 OPEN ITEMS None

104 STONEGATE COMMUNITY DEVELOPMENT DISTRICT 10A

105 Malibu Bay Clubhouse Report JULY 2018 roperty anagement orp Malibu Way Homestead, Florida T: ,

106 Table of contents Quality Pools Armando Landscaping Animal Control Fitness Source AL-Flex Aquatic Systems Orders Events Rentals 1

107 Quality Pools Maintenance is 6 days a week. Monday, Wednesday, Thursday, Friday, Saturdays & Sundays. Armando Landscaping Grass cut & Maintenance Grass cut Grass cut project in Lake Finished project in Lake 5 Animal Control Removed 7 Ducks & 12 little Ducks Fitness Source Gym Fitness Maintenance Gym Fitness Maintenance & Repair 2

108 AL-Flex Maintenance Aquatic Systems Waterway Treatment & Debris Removal Waterway Treatment & Debris Removal Waterway Treatment & Debris Removal Orders Galloway Galloway Galloway Access Cards EL-GEE Light bulbs Pet Waste Bags Events Every Friday Bagel, Donuts or Muffins CDD Meeting Summer Party 3

109 Rentals Grand-room Family Reunion 2-5pm Grand-room Family Gathering BBQ Area B-Day 2-6pm Grand-room B-Day 5-9pm 4

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