UNIVERSITY PLACE COMMUNITY DEVELOPMENT DISTRICT

MANATEE COUNTY Regular Board Meeting & Public Hearing August 23, 2023
4:30 P.M.

Special District Services, Inc.
27499 Riverview Center Boulevard, #253 Bonita Springs, FL 33134

www.universityplacecdd.org 561.630.4922 Telephone 877.SDS.4922 Toll Free 561.630.4923 Facsimile

AGENDA UNIVERSITY PLACE
COMMUNITY DEVELOPMENT DISTRICT
Hampton Inn Suites – Sarasota/Lakewood Ranch 8565 Cooper Creek Boulevard
Sarasota, Florida 34201
REGULAR BOARD MEETING & PUBLIC HEARING
August 23, 2023
4:30 P.M.

Call to Order
Proof of Publication…	Page 1
Establish Quorum
Additions or Deletions to Agenda
Public Comments
Approval of Minutes
July 19, 2023 Regular Board Meeting Minutes…	Page 2
August 9, 2023 Workshop Board Meeting Minutes…	Page 7
Public Hearing
Proof of Publication…	Page 8
Receive Public Comments on Fiscal Year 2023/2024 Final Budget
Consider Resolution No. 2023-11 – Adopting Fiscal Year 2023/2024 Final Budget…	Page 9
Old Business
Update on Gates and Securitas
Status on Irrigation Pump Stations, Well Pumps and Main Line, Pump Replacement
Evaluation of Costs and Benefits of Mainline Connectors for Irrigation Pump Station Redundancy
Update on Meeting Street Turn Around
Update on Perimeter Wall
Update on Cooper Creek Median
New Business
Consider Resolution No. 2023-12 – Adopting a Fiscal Year 2023/2024 Meeting Schedule…	Page 19
Workshop Items as Required
Administrative Matters
Financials…	Page 21
Legal Report
Engineer Report
Board Members Comments
Adjourn

UNIVERSITY PLACE COMMUNITY DEVELOPMENT DISTRICT
NOTICE OF PUBLIC HEARING TO CONSIDER THE ADOPTION OF THE FISCAL YEAR 2023/2024 BUDGET; AND NOTICE OF PUBLIC HEARING TO CONSIDER THE IMPOSITION OF MAINTENANCE AND OPERATION SPECIAL ASSESSMENTS, ADOPTION OF AN ASSESSMENT ROLL, AND THE LEVY, COLLECTION, AND ENFORCEMENT OF THE SAME; AND NOTICE OF REGULAR BOARD OF SUPERVISORS’ MEETING.
The Board of Supervisors for the University Place Community Development District will hold two public hearings and a regular meeting on August 23, 2023, at 4:30 p.m. at the Hampton Inn Suites – Sarasota/Lakewood Ranch, located at: 8565 Cooper Creek Blvd., Sarasota, Florida 34201.
The purpose of the first public hearing is to receive public comments and objections on the Fiscal Year 2023/2024 Proposed Budget. The first public hearing is being conducted pursuant to Chapter 190, Florida Statutes. The purpose of the second public hearing is to consider the imposition of special assessments to fund the District’s proposed budget for Fiscal Year 2023/2024 upon the lands located within the District, a depiction of which lands is shown below, consider the adoption of an assessment roll, and to provide for the levy, collection, and enforcement of the assessments. The second public hearing is being conducted pursuant to Florida law including Chapters 190 and 197, Florida Statutes. At the conclusion of the public hearings, the Board will, by resolution, adopt a budget and levy assessments as finally approved by the Board. A regular board meeting of the District will also be held where the Board may consider any other business that may properly come before it.
A copy of the proposed budget, preliminary assessment roll, and the agenda for the hearings and meeting may be obtained at the offices of the District Manager, Special District Services, located at: 2501A Burns Road, Palm Beach Gardens, Florida 33410, telephone: 941-223-2475 or email at: mkrizen@sdsinc.org during regular business hours.
The special assessments are annually recurring assessments and are in addition to previously levied debt assessments. The table below presents the proposed maximum operation and maintenance assessments. Costs are allocated to each unit/lot in the District equally. For more details, a copy of the Fiscal Year 2023/2024 O&M & Debt Service Assessment schedule may be obtained from the District Manager. Amounts are preliminary and subject to change at the hearings and in any future year. The amounts are subject to early payment discount as
afforded by law.
UNIVERSITY PLACE COMMUNITY DEVELOPMENT DISTRICT
FISCAL YEAR 2023/2024 O&M ASSESSMENT SCHEDULE
TOTAL O&M BUDGET	$761,293
COLLECTION COSTS @ 3%	$24,558
EARLY PAYMENT DISCOUNT @ 4%	$32,744
TOTAL O&M ASSESSMENT	$818,595

	Lot Size 52
(125 Units)	Lot Size 65
(116 Units)	Lot Size 75
(70 Units)	Lot Size 80
(92 Units)	
2022-2023	$1490.98	$1863.72	$2150.45	$2293.81	
Proposed 2023-2024	$1597.26	$1996.57	$23	$2457.32	
The Manatee County tax collector will collect the assessments for all
lots. 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.
Failure to pay the assessments will cause a tax certificate to be issued against the property which may result in a loss of title. All affected property owners have the right to appear at the public hearings and the right to file written objections with the District within twenty (20) days of publication of this notice.
The public hearings and meeting are open to the public and will be conducted in accordance with the provisions of Florida Law for Community Development Districts. The public hearings and meeting may be continued to a date, time, and place to be specified on the record at the hearings or meeting.
There may be occasions when staff or board members may participate by speaker telephone.
Any person requiring special accommodations at this meeting or hearings because of a disability or physical impairment should contact the District Office at (941) 223-2475 at least forty-eight (48) hours prior to the meeting and/or hearings. If you are hearing or speech impaired, please contact the Florida Relay Service at (800) 955-8770 for aid in contacting the District Office.
Each person who decides to appeal any decision made by the Board with respect to any matter considered at the public hearings or meeting is advised that person will need a record of proceedings and that accordingly, the person may need to ensure that a verbatim record of the proceedings is made, including the testimony and evidence upon which such appeal is to be based.
Michelle Krizen District Manager

FO-36739505

UNIVERSITY PLACE COMMUNITY DEVELOPMENT DISTRICT

www.universityplacecdd.org

Page 1

PUBLISH: SARASOTA HERALD TRIBUNE 08/03/23 & 08/10/23

UNIVERSITY PLACE COMMUNITY DEVELOPMENT DISTRICT REGULAR BOARD MEETING
JULY 19, 2023

CALL TO ORDER

The July 19, 2023, Regular Board Meeting of the University Place Community Development District (the “District”) was called to order at 4:31 p.m. at the Braden River Branch Library located at 4915 53rd Avenue, East Bradenton, Florida..

PROOF OF PUBLICATION

Proof of publication was presented which showed that notice of the Regular Board Meeting had been published in the Sarasota Herald-Tribune on June 20, 2023, as legally required.

ESTABLISH A QUORUM

A quorum was established with the following Supervisors in attendance:

Chairperson	Tamara Cashi	Present	
Vice Chairman	William Poole	Present	
Supervisor	Sarah Kupiec (who arrived at 4:35 p.m.)	Present	
Supervisor	David Meyers	Present	
Supervisor	Denise Broyhill	Present	

Staff in attendance included the following:

District Manager	Michelle Krizen	Special District Services, Inc.	
District Counsel	Andrew Cohen	Persson,	Cohen,	Mooney, Fernandez & Jackson, P.A.	
District Engineer	Robert Dvorak	BDI Engineering	

Also present were the following:

Sandra and Arnold Rahman	Ric and Shirley Romanoff
Armand and Michaelene Houze	David and Vickie Francis
John and Illiana Davis	June Busby
Stuart Ullman

ADDITIONS OR DELETIONS TO AGENDA

There were no additions or deletions to the agenda.

PUBLIC COMMENT

Armand Houze responded to the wall in opposition. Mr. Houze would like an update on the Meeting Street turnaround. He also brought up the 7 Oaks landscaping, wondering why the rock was moved from one place to another if moving around the rock was an issue.

Illiana Davis thanked the Board for the 7 Oaks refurbishment.

APPROVAL OF MINUTES
May 24, 2023, Regular Board Meeting

The minutes of the May 24, 2023, Regular Board Meeting were presented for consideration.

It was noted under Update on Meeting Street Turnaround that the word “tile” should read “title” and security company decisions should read “kiosk” not “kios.”

A motion was then made by Ms. Cashi, seconded by Mr. Broyhill and passed unanimously approving the minutes of the May 24, 2023, Regular Board Meeting, as amended.

June 14, 2023, Workshop

The minutes of the June 14, 2023, Workshop were presented for consideration.

A motion was made by Mr. Poole, seconded by Mr. Meyers and passed unanimously approving the minutes of the June 14, 2023, Workshop, as presented.

OLD BUSINESS
Status of Irrigation Pump Stations, Well Pumps and Mainline Pump Replacement

Pump 4 has a new driver. There are ongoing problems with Pump 1. Mr. Meyers suspects it is a thermal problem. When it is hot the temperature drops. Mader Electric, Inc has been asked to help in diagnosing. TLC has been asked to change the schedule so that the houses affected will have rotating water.

Children playing near Pump Station 5 is a safety concern. Mr. Meyers would like to have some signs posted to make residents aware of the dangers.

A motion was made by Ms. Cashi, seconded by Ms. Kupiec and passed unanimously authorizing Mr. Meyers to purchase signs to post near Pump Station 5 for a not to exceed amount of $500.

There is a large grey box that is the remains of a lift station near Pump #5. Mr. Meyers will get quotes to have it removed.

Evaluation of Costs and Benefits of Mainline Connectors for Irrigation Pump Station Redundancy

Two companies were asked for estimates. They will be provided up receipt.

Update on Sidewalk Drainage

This has been completed.

Ms. Krizen and Mr. Dvorak shared that when the work was done some adjustments had to be made that raised the cost an additional $1,300. An additional invoice was presented.

A motion was made by Ms. Cashi, seconded by Ms. Kupiec and passed unanimously approving the additional invoice in the amount of $1,300 to Sitemasters for the additional work done on the sidewalk repairs.

Update on Meeting Street Turn Around

Mr. Cohen reported that he had received the executed deed and sent it for recording. Mr. Dvorak confirmed the work was scheduled to begin August 7, 2023.

Update on 7 Oaks Landscaping

The 7 Oaks landscaping has been completed. There is some rock remaining on Copper Creek. The Board will discuss this item at the next Workshop.

Update on Perimeter Wall

The results of the survey were distributed to the Board. Ms. Kupiec shared the results, noting there were 154 responses out of 403 homes. The responses were 24 depends, 42 yeses, 79 noes, and 7 undecideds. The Board will review the survey and have further discussions during the Workshop to determine the next steps.

Update on Resident Gate Tower

The tower has been installed. The contract with Securitas has been executed. There is an 8-10 week installation period. Envera has agreed to continue monitoring during the transition time.

Discussion Regarding Replacement Sign for Inside Exit of the Honore Gate

This item has been completed.

Update on Roadway Depression Remediation

The roadway depression repairs have been completed. While excavating the depression, some cracks were found. This was grouted and sealed to prevent future depressions. This extra work cost an additional $500 to the original invoice.

It was noted that Doug was applying sealant to the area. The Board has directed Ms. Krizen to e-mail Doug, advising that he should obtain Board approval before doing any additional unauthorized work, as this could affect the warranty and quality of the work done by Sitemasters.

Update on Cooper Creek Median

The reader board sign is on the road with a notification. The work has almost been completed. At this time the District has irrigation damages of approximately $10,000 based on TLC estimates. The District will continue to monitor the area to ensure the County restores the area.

NEW BUSINESS
Workshop Items, as Required

Ms. Broyhill noted that the architectural guidelines were being updated. There is a potential to add irrigation comments, which would allow the HOA and CDD to take action if irrigation controls are adjusted. This will be further discussed during the Workshop.

Ms. Cashi requested a letter explaining the irrigation policy be included in the assessment notification. Ms. Krizen will confirm the timing.

Ms. Broyhill requested a tab be added to the District website allowing the community to be updated. Mr. Cohen had no objections. Ms. Krizen will reach out to the website person to connect with Ms. Broyhill.

ADMINISTRATIVE MATTERS
Financials

The financials were presented. The Board had no questions.

The South West Florida Water Management District (“SWFWMD”) permit needs to be updated. The names and addresses are not current Board Members or affiliated with the District. The Board directed Ms. Krizen to update the names and addresses to the District Engineer and District management. The permit is currently designated as “delinquent report status”. When updating names/addresses, Ms. Krizen will ask for clarification as to what is required.

Meeting Schedule - The hotels have agreed to allow Ms. Kupiec to book further in advance if the meetings were scheduled on a Monday or Tuesday. If we change meeting days for the annual meeting schedule, the CDD could book in advance, save on legal advertising and avoid advertising issues. The Board reached a consensus to move meetings to the 4th Monday of the month. The Workshops would remain on the 2nd Wednesday of the month.

The community has requested an e-blast be sent with meeting dates and a link to the agenda. Ms. Broyhill will send the e-blast approximately 1 week before Board Meetings and Workshops.

The County sent a request that the Board consider consolidating the assessments into one. The County currently bills the bond debt separately from the O&M portion. The Board was not amiable to this change.

Ms. Krizen presented a proposal for workman’s comp to cover Doug as well as the Board Members who take care of items in the District. This item will be reviewed during the Workshop.

Legal Report

Mr. Cohen had nothing further to report.

Engineer’s Report

Mr. Dvorak reported he had checked out a drainage issue on Spring Marsh and determined that it was an HOA issue not CDD one. He recommended surveying the swale. Ric Romanoff reported that the CDD had a survey done several years ago by Jack Nolton of American Engineering. Mr. Romanoff confirmed it was an HOA issue at the time of the survey. The CDD will look for the survey.

BOARD MEMBER COMMENTS

Ms. Cashi requested that Ms. Krizen follow up with the HOA regarding a reserve study.

Ms. Cashi requested an update on the fish grate removal. The HOA had some concerns regarding the removal due to the carp. Ms. Cashi will follow up with the HOA.

Ms. Broyhill shared that she expected 2 quotes for the tree trimming before moving forward in conjunction with the HOA.

Ms. Cashi requested an update on the Frontier bill. A Board consensus was reached noting that the bills could be sent to Ric Romanoff to see if he could confirm the bill in question. Ms. Broyhill believes the line is for the back gates.

ADJOURNMENT

There being no further business to come before the Board, a motion was made by Ms. Cashi, seconded by Ms. Kupiec and passed unanimously adjourning the meeting at 6:10 p.m.

ATTESTED BY:

Secretary/Assistant Secretary	Chairperson/Vice-Chair

University Place CDD Workshop 8/09/23

Chairperson	Tamara Cashi	Present	
Vice Chairman	William Poole	Present	
Supervisor	Sarah Kupiec	Present	
Supervisor	David Meyers	Present	
Supervisor	Denise Broyhill	Present	

Stuart Allman, David Liberman, and Susan Lerman also present

Tami went through the budget line by line. We discussed changes for the public meeting. The budget still needs to be organized more efficiently as it is very hard to follow.

David made a presentation on pump vendors and explained comparisons between them. Meeting adjourned at 6:15.

UNIVERSITY PLACE COMMUNITY DEVELOPMENT DISTRICT
NOTICE OF PUBLIC HEARING TO CONSIDER THE ADOPTION OF THE FISCAL YEAR 2023/2024 BUDGET; AND NOTICE OF PUBLIC HEARING TO CONSIDER THE IMPOSITION OF MAINTENANCE AND OPERATION SPECIAL ASSESSMENTS, ADOPTION OF AN ASSESSMENT ROLL, AND THE LEVY, COLLECTION, AND ENFORCEMENT OF THE SAME; AND NOTICE OF REGULAR BOARD OF SUPERVISORS’ MEETING.
The Board of Supervisors for the University Place Community Development District will hold two public hearings and a regular meeting on August 23, 2023, at 4:30 p.m. at the Hampton Inn Suites – Sarasota/Lakewood Ranch, located at: 8565 Cooper Creek Blvd., Sarasota, Florida 34201.
The purpose of the first public hearing is to receive public comments and objections on the Fiscal Year 2023/2024 Proposed Budget. The first public hearing is being conducted pursuant to Chapter 190, Florida Statutes. The purpose of the second public hearing is to consider the imposition of special assessments to fund the District’s proposed budget for Fiscal Year 2023/2024 upon the lands located within the District, a depiction of which lands is shown below, consider the adoption of an assessment roll, and to provide for the levy, collection, and enforcement of the assessments. The second public hearing is being conducted pursuant to Florida law including Chapters 190 and 197, Florida Statutes. At the conclusion of the public hearings, the Board will, by resolution, adopt a budget and levy assessments as finally approved by the Board. A regular board meeting of the District will also be held where the Board may consider any other business that may properly come before it.
A copy of the proposed budget, preliminary assessment roll, and the agenda for the hearings and meeting may be obtained at the offices of the District Manager, Special District Services, located at: 2501A Burns Road, Palm Beach Gardens, Florida 33410, telephone: 941-223-2475 or email at: mkrizen@sdsinc.org during regular business hours.
The special assessments are annually recurring assessments and are in addition to previously levied debt assessments. The table below presents the proposed maximum operation and maintenance assessments. Costs are allocated to each unit/lot in the District equally. For more details, a copy of the Fiscal Year 2023/2024 O&M & Debt Service Assessment schedule may be obtained from the District Manager. Amounts are preliminary and subject to change at the hearings and in any future year. The amounts are subject to early payment discount as
afforded by law.
UNIVERSITY PLACE COMMUNITY DEVELOPMENT DISTRICT
FISCAL YEAR 2023/2024 O&M ASSESSMENT SCHEDULE
TOTAL O&M BUDGET	$761,293
COLLECTION COSTS @ 3%	$24,558
EARLY PAYMENT DISCOUNT @ 4%	$32,744
TOTAL O&M ASSESSMENT	$818,595

	Lot Size 52
(125 Units)	Lot Size 65
(116 Units)	Lot Size 75
(70 Units)	Lot Size 80
(92 Units)	
2022-2023	$1490.98	$1863.72	$2150.45	$2293.81	
Proposed 2023-2024	$1597.26	$1996.57	$23	$2457.32	
The Manatee County tax collector will collect the assessments for all
lots. 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.
Failure to pay the assessments will cause a tax certificate to be issued against the property which may result in a loss of title. All affected property owners have the right to appear at the public hearings and the right to file written objections with the District within twenty (20) days of publication of this notice.
The public hearings and meeting are open to the public and will be conducted in accordance with the provisions of Florida Law for Community Development Districts. The public hearings and meeting may be continued to a date, time, and place to be specified on the record at the hearings or meeting.
There may be occasions when staff or board members may participate by speaker telephone.
Any person requiring special accommodations at this meeting or hearings because of a disability or physical impairment should contact the District Office at (941) 223-2475 at least forty-eight (48) hours prior to the meeting and/or hearings. If you are hearing or speech impaired, please contact the Florida Relay Service at (800) 955-8770 for aid in contacting the District Office.
Each person who decides to appeal any decision made by the Board with respect to any matter considered at the public hearings or meeting is advised that person will need a record of proceedings and that accordingly, the person may need to ensure that a verbatim record of the proceedings is made, including the testimony and evidence upon which such appeal is to be based.
Michelle Krizen District Manager

FO-36739505

UNIVERSITY PLACE COMMUNITY DEVELOPMENT DISTRICT

www.universityplacecdd.org

Page 8

PUBLISH: SARASOTA HERALD TRIBUNE 08/03/23 & 08/10/23

RESOLUTION NO. 2023-11

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE UNIVERSITY PLACE COMMUNITY DEVELOPMENT DISTRICT APPROVING AND ADOPTING A FISCAL YEAR 2023/2024 FINAL BUDGET INCLUDING NON-AD VALOREM SPECIAL ASSESSMENTS; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the University Place Community Development District (the “District”) has prepared a Proposed Budget and Final Special Assessment Roll for Fiscal Year 2023/2024 and has held a duly advertised Public Hearing to receive public comments on the Proposed Budget and Final Special Assessment Roll; and

WHEREAS, following the Public Hearing and the adoption of the Proposed Budget and Final Assessment Roll, the District is now authorized to levy non-ad valorem assessments upon the properties within the District.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE UNIVERSITY PLACE COMMUNITY DEVELOPMENT DISTRICT, THAT:

Section 1. The Final Budget and Final Special Assessment Roll for Fiscal Year 2023/2024 attached hereto as Exhibit “A” is approved and adopted, and the assessments set forth therein shall be levied.

Section 2.  The Secretary of the District is authorized to execute any and all necessary transmittals, certifications or other acknowledgements or writings, as necessary, to comply with the intent of this Resolution.

PASSED, ADOPTED and EFFECTIVE this 23rd day of August, 2023.

ATTEST:	UNIVERSITY PLACE
COMMUNITY DEVELOPMENT DISTRICT

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

University Place Community Development District

Final Budget For Fiscal Year 2023/2024
October 1, 2023 - September 30, 2024

CONTENTS

FINAL BUDGET

FINAL MAINTENANCE BUDGET

DETAILED FINAL BUDGET

DETAILED FINAL MAINTENANCE BUDGET

DETAILED FINAL DEBT SERVICE FUND BUDGET

RESERVES RECAP

ASSESSMENT COMPARISON

FINAL BUDGET
UNIVERSITY PLACE COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2023/2024
OCTOBER 1, 2023 - SEPTEMBER 30, 2024

REVENUES	
FISCAL YEAR 2023/2024
BUDGET	
Operations Maintenance O M Assessments	818 5 5	
'ebt Assessments 2022 RefunGing	2 0 016	
Other Revenues	0	
 nterest ncome	 500	
TRWDO RHYHQXHV	 	1,11 ,111	
		
ADMINISTRATIVE EXPENDITURES		
Supervisor Fees	20 000	
Payro 7a[es (mp oyer 	1 530	
Management	36 000	
/ega 	20 000	
(ngineering	26 000	
Fie G Operations Management	6 000	
Assessment Ro 	4 000	
AuGit Fees	6 800	
Arbitrage Rebate Fee	600	
 nsurance	 400	
/ega AGvertisements	2 000	
Misce aneous	5 000	
Postage	600	
Office Supp ies	450	
'ues Subscriptions	 25	
7rustee Fee	4 865	
Continuing 'isc osure Fee	1 000	
:ebsite Management	1 500	
Cab e/ nternet/Phone	 000	
Conference Seminars	1 60	
AGministrative Contingency	1 000	
TOTAL ADMINISTRATIVE EXPENDITURES	 	1 , 30	
		
TOTAL MAINTENANCE EXPENDITURES	 	 14,1 3	
		
TOTAL EXPENDITURES	 	 0, 3	
		
REVENUES LESS EXPENDITURES	 	34 ,31 	
		
2022 %onG Refinancing Payments	 26 15 	
		
BDODQFH	 	 , 03	
		
County Appraiser 7a[ Co ector Fee	 33 36 	
'iscounts For (ar y Payments	 44 234 	
		
E[FHVV/ SKRUWIDOO 		-	
		
Carryover from Prior Year	0	
		
NHW E[FHVV/ SKRUWIDOO 		-	

FINAL MAINTENANCE BUDGET
UNIVERSITY PLACE COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2023/2024
OCTOBER 1, 2023 - SEPTEMBER 30, 2024

MAINTENANCE EXPENDITURES	
FISCAL YEAR 2023/2024 BUDGET	

Miscellaneous/Other Public Safety		

( ectricity	
20 000	

Security	
 1 300	

8ti ity - Water SeZer	
486	

Repairs Maintenance - Gatehouse	
0	

Gate - Contingency/Reserve	
0	

Misce aneous Maintenance	
1 000	

 nsurance - Other Pub ic Safety	
0	

Landscape Maintenance		

Contracts - /anGscape Maintenance	
84 050	

Repairs Maintenance - Genera /anGscape	
15 000	

Repairs Maintenance - ReneZa  Rep acement	
14 000	

Repairs Maintenance - Street ights	
 50	

Repairs Maintenance - Wet anG	
1 000	

Cu verts - Contingency/Reserve	
3 664	

PonGs - Contingency/Reserve	
10 88	

Irrigation Services		

Contracts - rrigation	
80 130	

8ti ity - rrigation Water	
28 000	

Repairs Maintenance - rrigation	
45 000	

Repairs Maintenance - Pump Station	
40 000	

 rrigation - Contingency/Reserve	
23 808	

Payro - rrigation Staff	
10 550	

Payro - %onus rrigation Staff	
500	

F CA 7a[es - rrigation Staff	
845	

Workers Comp - rrigation	
850	

 nsurance - rrigation	
1 808	

Roads & Street Facilities		

Repairs Maintenance - RoaGs A eyZays	
5 000	

Repairs Maintenance - Street SZeeping	
 20	

RoaGZays - Contingency/Reserve	
101 5 1	

Street ights - Contingency/Reserve	
1 832	

Common Area		

Repairs Maintenance - Genera Common Area	
13 000	

Fence/Monuments - Contingency/Reserve	
18 311	

+o iGay 'pcor	
0	

TOTAL MAINTENANCE EXPENDITURES	
	 14,1 3	

DETAILED FINAL BUDGET
UNIVERSITY PLACE COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2023/2024
OCTOBER 1, 2023 - SEPTEMBER 30, 2024

REVENUES	
FISCAL YEAR 2021/2022 ACTUAL	
FISCAL YEAR 2022/2023 BUDGET	FISCAL YEAR 2022/2023 EXPENDITURE AS OF /31/23	
FISCAL YEAR 2023/2024 BUDGET	

COMMENTS	
Operations & Maintenance (O&M) Assessments	724,413	764,125	764,033	818,595	Expenditures Less nterest & Carryover/.94	
Debt Assessments - 2022 Refunding	310,722	290,016	289,994	290,016	Payment To Trustee/.94	
Other Revenues	0	0	4,820	0		
 nterest ncome	6,005	9,500	15,649	9,500	1o Change From 2022/2023 Budget	
Total Revenues		1,041,140		1,0 3, 41		1,0 4,4 		1,11 ,111		
						
ADMINISTRATIVE EXPENDITURES						
Supervisor Fees	13,600	20,000	15,400	20,000	1o Change From 2022/2023 Budget	
Payro Taxes (Emp oyer)	1,040	1,530	2,009	1,530	Projected At 7.65% Of Supervisor Fees	
Management	47,822	49,226	36,937	36,000	$3,000 Per Month	
Lega 	13,785	5,000	27,697	20,000	$15,000 ncrease From 2022/2023 Budget	
Engineering	31,048	11,000	26,518	26,000	$15,000 ncrease From 2022/2023 Budget	
Fie d Operations Management	813	3,250	3,750	6,000	$500 Per Month	
Assessment Ro 	0	0	0	4,000	As Per Contract	
Audit Fees	6,500	6,500	6,600	6,800	$300 ncrease From 2022/2023 Budget	
Arbitrage Rebate Fee	600	600	0	600	1o Change From 2022/2023 Budget	
 nsurance	8,083	8,891	8,773	9,400	 nsurance Estimate	
Lega Advertisements	838	1,000	3,404	2,000	$1,000 ncrease From 2022/2023 Budget	
Misce aneous	3,756	5,000	3,308	5,000	1o Change From 2022/2023 Budget	
Postage	320	300	1,101	600	$300 ncrease From 2022/2023 Budget	
Office Supp ies	29	550	223	450	$100 Decrease From 2022/2023 Budget	
Dues & Subscriptions	1,704	925	491	925	1o Change From 2022/2023 Budget	
Trustee Fee	4,428	4,865	4,041	4,865	1o Change From 2022/2023 Budget	
Continuing Disc osure Fee	0	1,000	0	1,000	1o Change From 2022/2023 Budget	
Website Management	0	0	938	1,500	$125 Per Month	
Cab e/ nternet/Phone	0	0	6,720	7,000	Cab e/ nternet/Phone	
Conference & Seminars	1,843	1,960	1,428	1,960	1o Change From 2022/2023 Budget	
Administrative Contingency	0	0	10,000	1,000	Administrative Contingency	
TOTAL ADMINISTRATIVE EXPENDITURES		13 ,20 		121, 		1 ,33 		1 , 30		
						
TOTAL MAINTENANCE EXPENDITURES		41 ,1 0		 , 3 		444, 2		 14,1 3		
						
TOTAL EXPENDITURES		 4,3 		 20,13 		 04,020		 0, 3		
						
REVENUES LESS EXPENDITURES		4 , 1		343, 0 		4 0,4 		34 ,31 		
						
2022 Bond Refinancing Payments	(290,525)	(269,715)	(264,005)	(269,715)	2024 Principa & nterest Payments	
						
Balance		1 ,22 		 3, 0		20 ,4 1		 , 03		
						
County Appraiser & Tax Co ector Fee	(36,450)	(31,730)	(30,553)	(33,369)	Three Percent Of Tota Assessment Ro 	
Discounts For Ear y Payments	(30,136)	(42,060)	(38,525)	(44,234)	Four Percent Of Tota Assessment Ro 	
						
E[cess/ Shortfall 		12 , 40		-		13 ,3 3		-		
						
Carryover from Prior Year	0	0		0	Carryover From Prior Year	
						
Net E[cess/ Shortfall 		12 , 40		-		13 ,3 3		-		

DETAILED FINAL MAINTENANCE BUDGET
UNIVERSITY PLACE COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2023/2024
OCTOBER 1, 2023 - SEPTEMBER 30, 2024

MAINTENANCE EXPENDITURES	

FISCAL YEAR 2021/2022 ACTUAL	

FISCAL YEAR 2022/2023 BUDGET	FISCAL YEAR 2022/2023 EXPENDITURE AS OF 7/31/23	

FISCAL YEAR 2023/2024 BUDGET	

COMMENTS	

Miscellaneous/Other Public Safety						

E ectricity	
4,425	
5,000	
11,942	
20,000	
$15,000 ncrease From 2022/2023 Budget	

Security	
75,204	
77,704	
68,937	
91,300	
$7,400 Per Month & Roving Patro s	

Uti ity - Water & Sewer	
486	
498	
266	
486	
No Change From 2022/2023 Budget	

Repairs & Maintenance - Gatehouse	
8,178	
7,500	
10,423	
0	
Line tem E iminated	

Gate - Contingency/Reserve	
16,231	
7,326	
8,529	
0	
No Change From 22/23 Budget - Unused Funds To Be Added To Reserve	

Misce aneous Maintenance	
0	
0	
12,839	
1,000	
Misce aneous Maintenance	

 nsurance - Other Pub ic Safety	
500	
500	
0	
0	
No Change From 2022/2023 Budget	

Landscape Maintenance						

Contracts - Landscape Maintenance	
82,080	
81,600	
68,768	
84,050	
 ncreased By 3% - $6,800 Per Month As Of May 2023	

Repairs & Maintenance - Genera Landscape	
15,510	
15,000	
13,048	
15,000	
No Change From 2022/2023 Budget	

Repairs & Maintenance - Renewa & Rep acement	
12,548	
14,000	
193	
14,000	
No Change From 2022/2023 Budget	

Repairs & Maintenance - Street ights	
143	
500	
668	
750	
$250 ncrease From 2022/2023 Budget	

Repairs & Maintenance - Wet and	
0	
1,000	
0	
1,000	
No Change From 2022/2023 Budget	

Cu verts - Contingency/Reserve	
0	
3,664	
0	
3,664	
No Change From 22/23 Budget - Unused Funds To Be Added To Reserve	

Ponds - Contingency/Reserve	
0	
10,988	
0	
10,988	
No Change From 22/23 Budget - Unused Funds To Be Added To Reserve	

Irrigation Services						

Contracts - rrigation	
75,042	
77,796	
64,830	
80,130	
 ncreased By 3% - $6,483 Per Month As Of May 2023	

Uti ity - rrigation Water	
35,424	
28,000	
15,568	
28,000	
No Change From 2022/2023 Budget	

Repairs & Maintenance - rrigation	
51,693	
40,000	
65,685	
45,000	
$5,000 ncrease From 2022/2023 Budget	

Repairs & Maintenance - Pump Station	
29,763	
40,000	
33,365	
40,000	
No Change From 2022/2023 Budget	

 rrigation - Contingency/Reserve	
0	
23,808	
0	
23,808	

Reserve Funds ($263,788 As Of May 23) Can Be Used To Purchase 2 New Pumps	

Payro - rrigation Staff	
8,318	
10,240	
9,083	
10,550	
 ncreased By 3%	

Payro - Bonus rrigation Staff	
0	
500	
0	
500	
No Change From 2022/2023 Budget	

F CA Taxes - rrigation Staff	
636	
822	
96	
845	
Projected At 7.65% Of rrigation Payro 	

Workers Comp - rrigation	
0	
850	
0	
850	
No Change From 2022/2023 Budget	

 nsurance - rrigation	
1,808	
1,809	
0	
1,808	
No Change From 2022/2023 Budget	

Roads & Street Facilities						

Repairs & Maintenance - Roads & A eyways	
14	
7,500	
0	
5,000	
$2,500 Decrease From 2022/2023 Budget	

Repairs & Maintenance - Street Sweeping	
0	
720	
0	
720	
No Change From 2022/2023 Budget	

Roadways - Contingency/Reserve	
0	
101,571	
56,298	
101,571	
No Change From 22/23 Budget - Unused Funds To Be Added To Reserve	

Street ights - Contingency/Reserve	
0	
1,832	
0	
1,832	
No Change From 22/23 Budget - Unused Funds To Be Added To Reserve	

Common Area						

Repairs & Maintenance - Genera Common Area	
177	
18,000	
4,144	
13,000	
$5,000 Decrease From 2022/2023 Budget	

Fence/Monuments - Contingency/Reserve	
0	
18,311	
0	
18,311	
No Change From 22/23 Budget - Unused Funds To Be Added To Reserve	

+o iday Dpcor	
0	
1,500	
0	
0		

TOTAL MAINTENANCE EXPENDITURES	
$	418,180	
$	598,539	
$	444,682	
$	614,163		

DETAILED FINAL DEBT SERVICE FUND BUDGET UNIVERSITY PLACE COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2023/2024
OCTOBER 1, 2023 - SEPTEMBER 30, 2024

REVENUES	
FISCAL YEAR 2021/2022
ACTUAL	
FISCAL YEAR 2022/2023
BUDGET	
FISCAL YEAR 2023/2024
BUDGET	

COMMENTS	

 nterest ncome	
2	
0	
100	
Projected nterest For 2023/2024	

NAV Tax Co ection	
290,525	
269,715	
269,715	
Maximum Debt Service Co ection	

Total Revenues	
$	290,527	
$	269,715	
$	269,815		

EXPENDITURES					

Principa Payments	
192,100	
207,700	
214,900	
Principa Payment Due n 2024	

 nterest Payments	
0	
57,432	
52,107	
 nterest Payments Due n 2024	

Bond Redemption	
0	
4,583	
2,808	
Estimated Excess Debt Co ections	

Total Expenditures	
$	192,100	
$	269,715	
$	269,815		

Excess/ (Shortfall)	
$	98,427	
$	-	
$	-		

Series 2022 Bond Refunding Information

Origina Par Amount =	$2,575,000	Annua Principa Payments Due =	May 1st	
 nterest Rate =	2.52%	Annua nterest Payments Due =	May 1st & November 1st	
 ssue Date =	January 2022			
Maturity Date =

Par Amount As Of 5/24/23 =	May 2033

$2,175,200			

UNIVERSITY PLACE COMMUNITY DEVELOPMENT DISTRICT RESERVES RECAP

Assigned Reserve Fund Ba ances As Of 7/31/23
Operating	$	132,636.00	
Cu verts	$	47,770.00	
Fence/Monuments	$	210,403.20	
Gate	$	230.38	
 rrigation System	$	263,788.53	
Ponds	$	127,512.00	
Roadways	$	819,523.45	
Street ights  $	15,863.99
$	1,617,727.55

Reserve Fund Ba ances wi be adjusted on 9/30/23, depending on whether Fisca Year 2022/2023 Reserve Budgets were uti ized

University Place Community Development District Assessment Comparison

Lot Size			Fisca Year 2022/2023
Assessment Before Discount*			Fiscal Year 2023/2024
ProMected Assessment Before Discount*	
52	O&M Assessment	$		1,490.98	$	1,597.26	
	Debt Assessment	$	588.52	$	588.52	
	Sub-Tota For Lot Size 52 (Carriage & ndigo)	$	2,079.50	$	2,185.78	
	O&M Assessment	$	1,490.98	$	1,597.26	
	Debt Assessment	$	152.74	$	152.74	
	Sub-Tota For Lot Size 52 2 (Carriage & ndigo)	$	1,643.72	$	1,750.00	
65	O&M Assessment	$	1,863.72	$	1,996.57	
	Debt Assessment	$	735.67	$	735.67	
	Sub-Tota For Lot Size 65 (Ash ey)	$	2,599.39	$	2,732.24	
	O&M Assessment	$	1,863.72	$	1,996.57	
	Debt Assessment	$	190.93	$	190.93	
	Sub-Tota For Lot Size 65 2 (Ash ey)	$	2,054.65	$	2,187.50	
75	O&M Assessment	$	2,150.45	$	2,303.74	
	Debt Assessment	$	848.85	$	848.85	
	Sub-Tota For Lot Size 75 (+ampton)	$	2,999.30	$	3,152.59	
	O&M Assessment	$	2,150.45	$	2,303.74	
	Debt Assessment	$	220.30	$	220.30	
	Sub-Tota For Lot Size 75 2 (+ampton)	$	2,370.75	$	2,524.04	
80	O&M Assessment	$	2,293.81	$	2,457.32	
	Debt Assessment	$	905.44	$	905.44	
	Sub-Tota For Lot Size 80 (Char estown & Magno ia)	$	3,199.25	$	3,362.76	
	O&M Assessment	$	2,293.81	$	2,457.32	
	Debt Assessment	$	234.98	$	234.98	
	Sub-Tota For Lot Size 80 2 (Char estown & Magno ia)	$	2,528.79	$	2,692.30	
			
6 Sixty Five Foot Lots	
	4% Discount for Ear y Payments	403 O&M Units	Have Prepaid	
	3% County Tax Co ector & Property Tax Fees	394 Debt Units	Their Debt Assessment	
	Community nformation (O&M Units)			3 Eighty Foot Lots	
	Fifty Two Foot Lots	125		Have Prepaid	
	Sixty Five Foot Lots	116		Their Debt Assessment	
	Seventy Five Foot Lots	70			
	Eighty Foot Lots	92			
	Tota Units	403			
	Community nformation (Debt Units)		Lots With Lower Debt Assessments 		
	Fifty Two Foot Lots	125	Fifty Two Foot Lots	2	
	Sixty Five Foot Lots	110	Sixty Five Foot Lots	3	
	Seventy Five Foot Lots	70	Seventy Five Foot Lots	1	
	Eighty Foot Lots	89	Eighty Foot Lots	2	
	Tota Units	394	Tota Units	8	

OPTION B

Revenues	Fiscal Year 21/22 Actual Fiscal Year 22/23 Budget 22/23 as of 6/23	23/24 HiWater  23/24 Proposed

Operations/Maintenance Assessments	724,413	764,125	761,909	818,595		
Debt Assessments 2022 Refunding	310722	290,016	282,634	290,016		
Other Revenues	0	0	3,186			
Interst Income	6,005	9,500	9,220	9,500	9,500	
Total Revenues		1,063,641	1,055,494	1,118,111		
Administrative Exp
Supervisor Fees	
13600	
20,000	
14,400	
20,000	
20000	
Payroll Taxes	1040	1,530	1,933	1,530	1530	
Management	47822	49,226	33,937	36,000	36000	
Field Operations Mgmt	813	3,250	3,250	6,000	6000	
Assesment Role	0	0	0	4,000	4000	
Continuing Disclosure Fee	0	1,000	0	1,000	1000	
Website Mgmt	0	0	813	1,500	1500	
Legal	13785	5000	26,381	20,000	7500	
Engineering	31048	11000	22,663	26,000	11000	
Audit Fees	6500	6,500	3,500	6,800	6800	
Argitrage Rebate Fee	600	600	0	600	600	
Insurance	8083	8,891	8,773	9,400	9400	
Legal Advertisements	838	1,000	3,253	2,000	1000	
Miscellaneous	3756	5,000	4,953	5,000	5000	
Postage	320	300	1,092	600	600	
Office Supplies	29	550	202	450	400	
Dues & Subscriptions	1704	925	316	925	500	
Trustee Fee	4428	4,865	4,041	4,865	4865	
Cable/internet/phone	0	0	5,214	7,000	7000	
Conferences & Seminars	1843	1,960	1,428	1,960	1960	
Administractive Contingency	0	0	10,953	1,000	1000	
Total Administrative Exp	136209	121,597	147,102	156,630	127655	
Maintenance Expenditures						
Miscellaneous/Other Public Safety
Electicity	
4425	
5000	
9,329	
20,000	
13000	
Security	75204	77704	62,670	91,300	75600	

Utility - Water Sewer	486	498	266	486	486	
Repairs Maint Gatehouse	8178	7500	10,423	0	5000	
Gates-Reserve	16231	7326	8,529	0	7326	
Miscellaneous Maintenance	0	0	12,072	1000	1000	
Landscape Maintenance
Contracts Landscape Maint	
82080	
81600	
61,872	
84,050	
84050	
Repairs & Maintenance General Lanscape	15510	15000	13,048	15,000	10000	
Repairs & Maintenance Renewal & Replacement	12548	14000	194	14,000	2500	
Repairs & Maint Streetlights	143	500	668	750	500	
Repairs & Maint Wetlands	0	1000	0	1,000	500	
Culverts Contingency/Reserve	0	3664	0	3,664	3664	
Ponds Contingency/Reserve	0	10988	0	10,988	10988	
Irrigation Services
Contracts - Irrigarion	
75042	
77796	
58,347	
80,130	
80130	
Utility Irrigation Water	35424	28000	15,568	28,000	24000	
Repairs Maintence Irrigation	51693	40000	47,133	45,000	40000	
Repairs Maintence Pumpstation	29763	40000	24,537	40,000	35000	
Irrigation Contingency/Reserve	0	23808	0	23,808	23,808	
Payroll Irrigation Staff	8318	10240	8,758	10,550	10233	
Payroll Bonus Irrigation Staff	0	500	0	500	500	
FICA Taxes Irrigation Staff	636	822	71	845	845	
Workers Comp Irrigation	0	850	0	850	850	
Insurance Irrigation/Supervisors	1808	1809	0	1,808	0	
Roads & Street Facilities
Repairs & Maint Roads/Alleyways/Sidewalks	
14	
7500	
0	
5,000	
20000	
Repairs & Maint Street Sweeping	0	720	0	720	720	
Roadways Contingency/Reserve	0	101571	56,298	101,571	101571	
Streetlights Contingency/Reserve	0	1832	0	1,832	1832	
Common Areas
Repairs & Maint General Common Area	
177	
18000	
4,144	
13,000	
13000	
Fence/Monuments Contingency/Reserve	0	18311	0	18,311	18311	
Holiday Décor	0	1500	0	0	1000	
Total Maintenance Expenditures			537,758	614,163	586414	

RESOLUTION NO. 2023-12

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE UNIVERSITY PLACE COMMUNITY DEVELOPMENT DISTRICT, ESTABLISHING A REGULAR MEETING SCHEDULE FOR FISCAL YEAR 2023/2024 AND SETTING THE TIME AND LOCATION OF SAID DISTRICT MEETINGS; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, it is necessary for the University Place Community Development District ("District") to establish a regular meeting schedule for fiscal year 2023/2024; and

WHEREAS, the Board of Supervisors of the District has set a regular meeting schedule, location and time for District meetings for fiscal year 2023/2024 which is attached hereto and made a part hereof as Exhibit “A”.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE UNIVERSITY PLACE COMMUNITY DEVELOPMENT DISTRICT, MANTEE COUNTY, FLORIDA, AS FOLLOWS:

Section 1.   The above recitals are hereby adopted.

Section 2.  The regular meeting schedule, time and location for meetings for fiscal year 2023/2024 which is attached hereto as Exhibit “A” is hereby adopted and authorized to be published.

PASSED, ADOPTED and EFFECTIVE this 23rd day of August, 2023.

ATTEST:	ARBORWOOD
COMMUNITY DEVELOPMENT DISTRICT

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

UNIVERSITY PLACE COMMUNITY DEVELOPMENT DISTRICT FISCAL YEARS 2023/2024 REGULAR MEETING SCHEDULES
NOTICE IS HEREBY GIVEN that the Board of Supervisors of the University Place Community Development District will hold Regular Meetings in    located at 	 at 4:30 p.m. on the following dates:

October 23, 2024
November 27, 2024
January 22, 2024
February 26, 2024
March 25, 2024
April 22, 2024
June 25, 2024
July 22, 2024
August 26, 2024
September 23, 2024

The purpose of the meetings is to conduct any business coming before the Board. Meetings are open to the public and will be conducted in accordance with the provisions of Florida law. Copies of the Agendas for any of the meetings may be obtained from the District’s website or by contacting the District Manager at (561) 630-4922 and/or toll free at 1-877-737-4922 prior to the date of the particular meeting.

From time to time one or more Supervisors may participate by telephone; therefore a speaker telephone will be present at the meeting location so that Supervisors may be fully informed of the discussions taking place. Meetings may be continued as found necessary to a time and place specified on the record.

If any person decides to appeal any decision made with respect to any matter considered at these meetings, such person will need a record of the proceedings and such person may need to insure that a verbatim record of the proceedings is made at his or her own expense and which record includes the testimony and evidence on which the appeal is based.

In accordance with the provisions of the Americans with Disabilities Act, any person requiring special accommodations or an interpreter to participate at any of these meetings should contact the District Manager at (561) 630-4922 and/or toll-free at 1-877-737-4922 at least seven (7) days prior to the date of the particular meeting.

Meetings may be cancelled from time to time without advertised notice.

UNIVERSITY PLACE COMMUNITY DEVELOPMENT DISTRICT

www.universityplacecdd.org

PUBLISH: SARASOTA HERALD TRIBUNE  00/00/2023

University Place Community Development District

Financial Report For July 2023

CONTENTS

TABLE OF CONTENTS

1 & 2	General Fund Monthly Financial Report - July 2023 3, 4 & 5	Expenditures - July 2023
Debt Service Fund Monthly Financial Report - July 2023

Tax Collections - Fiscal Year 2022/2023

UNIVERSITY PLACE COMMUNITY DEVELOPMENT DISTRICT MONTHLY FINANCIAL REPORT
JULY 2023

	
Annual Budget
10/1/22 - 9/30/23	

Actual Jul-23	Year To Date Actual
10/1/22 - 7/31/23	
REVENUES				
O&0 Assessments	764,125	0	764,033	
Debt Assessments	290,016	0	289,994	
OtKer ReYenue	0	275	4,820	
,nterest ,ncome	9,500	2,340	15,649	
Total Revenues		1,063,641		2,615		1,074,496	
				
EXPENDITURES				
Administrative				
3a\roll %oarG of SuperYisors	20,000	1,000	15,400	
F,CA 7a[es	1,530	77	2,009	
Arbitrage Rebate	600	0	0	
Continuing Disclosure	1,000	0	0	
(ngineering	11,000	0	26,518	
0anagement Fees	49,226	3,000	36,937	
Website Fee	0	125	938	
/egal Fees	5,000	0	27,697	
FielG Operations 0anagement	3,250	500	3,750	
AuGit Fees	6,500	1,100	6,600	
,nsurance	8,891	0	8,773	
/egal AGYertisments	1,000	0	3,404	
0iscellaneous	5,000	0	4,953	
3ostage anG DeliYer\	300	8	1,101	
Office Supplies	250	22	223	
3rinting & %inGing	300	0	0	
Dues, /icenses & Subscriptions	750	0	316	
Annual District Filing Fee	175	0	175	
Conference & Seminars	1,960	0	1,428	
7rustee Fee	4,865	0	4,041	
Cable ,nternet 3Kone	0	950	6,720	
Settlement 3a\ment	0	0	10,000	
3a\master 3rocessing fee	0	115	836	
%anN SerYice CKarges	0	0	57	
Reconciliation Discrepancies	0	0	 3,838	
Water 0anagement & Drain	0	0	1,300	
				
Other Public Safety				
(lectricit\	5,000	2,613	11,942	
Securit\	75,204	6,267	68,937	
RoYing 3atrols	2,500	0	0	
8tilit\ Water & SeZer	498	0	266	
R&0 *ateKouse	7,500	0	10,423	
*ate Contingenc\ ReserYe	7,326	0	8,529	
0iscellaneous 0aintenance	0	757	12,839	
,nsurance OtKer 3ublic Safet\	500	0	0	

UNIVERSITY PLACE COMMUNITY DEVELOPMENT DISTRICT MONTHLY FINANCIAL REPORT
JULY 2023

	
Annual Budget
10/1/22 - 9/30/23	

Actual Jul-23	Year To Date Actual
10/1/22 - 7/31/23	
Landscape				
Contracts - /andscape 0aintenance	81,600	6,896	68,768	
R&0 - *eneral /andscape	15,000	0	13,048	
R&0 - Renewal & Replacement	14,000	0	193	
R&0 - StreetligKts	500	0	668	
R&0 - Wetland	1,000	0	0	
Reserve - Culverts	3,664	0	0	
Reserve - Ponds	10,988	0	0	
				
Irrigation Services				
Contracts - rrigation	77,796	6,483	64,830	
8tility - rrigation Water	28,000	0	15,568	
R&0 - rrigation	40,000	1,665	65,685	
R&0 - Pump Station	40,000	199	33,365	
Reserve - rrigation	23,808	0	0	
Payroll - rrigation Staff	10,240	325	9,083	
Payroll - %onus rrigation Staff	500	0	0	
F CA 7a[es - rrigation Staff	822	23	96	
Workers Comp - rrigation	850	0	0	
 nsurance - rrigation	1,809	0	0	
				
Roads and Street Facilities				
R&0 - Roads & Alleyways	7,500	0	0	
R&0 - Street Sweeping	720	0	0	
Roadways - Contingency Reserve	101,571	0	56,298	
Reserve - StreetligKts	1,832	0	0	
				
Common Area				
R&0 - *eneral Common Area	18,000	0	4,144	
Reserve - Fence 0onuments	18,311	0	0	
+oliday Dpcor	1,500	0	0	
				
TOTAL EXPENDITURES		720,136		32,125		604,020	
				
REVENUES LESS EXPENDITURES		343,505		 29,510 		470,476	
				
%ond Payments	 269,715 	-	 264,005 	
				
Balance		73,790		 29,510 		206,471	
				
County Appraiser & 7a[ Collector Fee	 31,730 	0	 30,553 	
Discounts For (arly Payments	 42,060 	0	 38,525 	
				
EXCESS/SHORTFALL	0	 29,510 	137,393	
				
Carryover From Prior Year	0	0	0	
				
Net Excess/ ShortIall 		-		 29,510 		137,393	

BanN Balance As OI 7/31/23 	 	1,912,116 93	
Accounts Payable As OI 7/31/23	 	50,54 90	
Reserves As OI 7/31/23	 	1,617,727 55	
Other Current Liabilities As OI 7/31/23	 	-	
Other Assets As OI 7/31/23	 	-	
Accounts Receivable As OI 7/31/23	 	443 39	
Available Funds As OI 7/31/23	 	244,2 3 7	

Reserves As Of 7 31 23

Operating $ Culverts   $ Fence 0onuments $
*ate $
 rrigation System $
Ponds $ Roadways $

132,636.00
47,770.00
210,403.20
230.38
263,788.53
127,512.00
819,523.45

 BanN Balance includes tZo 500,000 CD s	StreetligKts $	15,863.99
$	1,617,727.55

University Place Community Development District
Expenditures
July 2023

	Date		Num		Name		Memo		Amount	
Expenditures
01-1301 · Payroll - Board of Supervisors	

07 24 2023		

PR 07 28 23				

Supervisor payroll meeting 7 19 23		

1,000.00	
Total 01-1301 · Payroll - Board of Supervisors									1,000.00	
01-1302 · Payroll - Irrigation Staff										
	07 10 2023		PR 07 14 23				operations payroll 06 24 23 - 07 07 23 		325.00	
	07 24 2023		PR 07 28 23				Supervisor payroll meeting 7 19 23		0.00	
Total 01-1302 · Payroll - rrigation Staff									325.00	
01-1303 · FICA Taxes										
	07 10 2023		PR 07 14 23						0.00	
	07 24 2023		PR 07 28 23				Supervisor payroll taxes 7 28 23		76.50	
Total 01-1303 · F CA Taxes									76.50	
01-1304 · Paymaster - Processing fee										
	07 10 2023		PR 07 14 23				payroll processing fee 07 14 23		54.15	
	07 24 2023		PR 07 28 23				payroll processing fee 07 28 23		60.75	
Total 01-1304 · Paymaster - Processing fee									114.90	
01-1311 · Management Fees										
	07 31 2023		2023-0784		Special District Services		Management -uly 2023		3,000.00	
Total 01-1311 · Management Fees									3,000.00	
01-1313 · Website Fee										
	07 31 2023		2023-0784		Special District Services		Website -uly 2023		125.00	
Total 01-1313 · Website Fee									125.00	
01-1316 · Field Operations Management										
	07 31 2023		2023-0784		Special District Services		Field Operations Management prorated		500.00	
Total 01-1316 · Field Operations Management									500.00	
01-1320 · Audit Fees										
	07 03 2023		24514		*rau & Associates		Final Audit Pmt FY 21 22		1,100.00	
Total 01-1320 · Audit Fees									1,100.00	
01-1333 · FICA Taxes - Irrigation Srvcs										
	07 10 2023		PR 07 14 23				payroll taxes - irriation 07 14 23		24.86	
	07 24 2023		PR 07 28 23				Supervisor payroll meeting 7 19 23		0.00	
Total 01-1333 · F CA Taxes - rrigation Srvcs									24.86	
01-1513 · Postage and Delivery										
	07 31 2023		2023-0784		Special District Services		Postage -une 2023		8.34	
Total 01-1513 · Postage and Delivery									8.34	
01-1514 · Office Supplies										
	07 31 2023		2023-0784		Special District Services		Copier -une 2023		13.50	
	07 31 2023		2023-0784		Special District Services		Meeting Books -une 2023		8.00	
Total 01-1514 · Office Supplies									21.50	

University Place Community Development District
Expenditures
July 2023

Date	Num	Name	Memo	Amount

01-1802 · Contracts-Landscape Maintenance		
	07/01/2023	202327	Total Landscape Care nc.	MontKly Landscape Maint July 2023	6,800.00	
	07/02/2023	 1900417455	Plant Parents	July 2023 +orticultural Services - Exterior	96.00	
Total 01-1802 · Contracts-Landscape Maintenance					6,896.00	
01-1806 · Contracts-Irrigation						
	07/01/2023	202327	Total Landscape Care nc.	MontKly rrigation Mgmt- July 2023	6,483.00	
Total 01-1806 · Contracts- rrigation					6,483.00	
01-1808 · R&M Irrigation						
	07/14/2023	16058	Total Landscape Care rrigation nc.	Replaced bad decoder	438.50	
	07/19/2023	16097	Total Landscape Care rrigation nc.	Repair broken Kead at tKe Cooper Creek entrance	40.60	
	07/19/2023	16105	Total Landscape Care rrigation nc.	Relocate common area CKarleston controller 7/18/23	81.00	
	07/27/2023	16122	Total Landscape Care rrigation nc.	Replaced bad decoder	438.50	
	07/27/2023	16125	Total Landscape Care rrigation nc.	TroublesKoot connection issue witK tKe Tabbystone controller	148.50	
	07/31/2023	16151	Total Landscape Care rrigation nc.	Repair broken irrigation on Cooper Creek 7/27/23	79.25	
	07/31/2023	16150	Total Landscape Care rrigation nc.	Replaced bad decoder	438.50	
Total 01-1808 · R&M rrigation					1,664.85	
01-1814 · Electricity						
	07/03/2023	53322-87308	FPL	For: Jun 1, 2023 to Jul 3, 2023 (32 days)	369.19	
	07/03/2023	85676-20409	FPL	For: Jun 1, 2023 to Jul 3, 2023 (32 days)	206.48	
	07/03/2023	10125-44514	FPL	For: Jun 1, 2023 to Jul 3, 2023 (32 days)	28.01	
	07/03/2023	23503-29302	FPL	For: Jun 1, 2023 to Jul 3, 2023 (32 days)	1,048.10	
	07/03/2023	28666-94512	FPL	For: Jun 1, 2023 to Jul 3, 2023 (32 days)	142.79	
	07/03/2023	61184-59301	FPL	For: Jun 1, 2023 to Jul 3, 2023 (32 days)	443.50	
	07/03/2023	80884-58453	FPL	For: Jun 1, 2023 to Jul 3, 2023 (32 days)	78.76	
	07/03/2023	28184-53512	FPL	For: Jun 1, 2023 to Jul 3, 2023 (32 days)	296.07	
Total 01-1814 · Electricity					2,612.90	
01-1815 · Miscellaneous Maintenance						
	07/05/2023	4798 5103 7719 0281	Bank 8nited Credit Card	Miscellaneous Maintenance	10.00	
	07/05/2023	4798 5103 7719 0281	Bank 8nited Credit Card	Miscellaneous Maintenance	7.85	
	07/05/2023	4798 5103 7719 0281	Bank 8nited Credit Card	Miscellaneous Maintenance	27.94	
	07/05/2023	4798 5103 7719 0281	Bank 8nited Credit Card	Miscellaneous Maintenance	49.98	
	07/05/2023	4798 5103 7719 0281	Bank 8nited Credit Card	Miscellaneous Maintenance	37.99	
	07/05/2023	4798 5103 7719 0281	Bank 8nited Credit Card	Miscellaneous Maintenance	8.73	
	07/05/2023	4798 5103 7719 0281	Bank 8nited Credit Card	Miscellaneous Maintenance	2.37	
	07/05/2023	4798 5103 7719 0281	Bank 8nited Credit Card	Miscellaneous Maintenance	106.62	
	07/05/2023	4798 5103 7719 0281	Bank 8nited Credit Card	Miscellaneous Maintenance	36.97	
	07/05/2023	4798 5103 7719 0281	Bank 8nited Credit Card	Miscellaneous Maintenance	15.99	
	07/05/2023	4798 5103 7719 0281	Bank 8nited Credit Card	Miscellaneous Maintenance	446.93	
	07/05/2023	4798 5103 7719 0281	Bank 8nited Credit Card	Miscellaneous Maintenance	5.78	
Total 01-1815 · Miscellaneous Maintenance					757.15	

University Place Community Development District
Expenditures
July 2023

	Date		Num		Name		Memo		Amount	

01-1816 · Security	

07/03/2023		

729608		

Envera Systems		

9irtual *ate *uard Monitoring 08/01/2023 - 08/31/2023		

6,267.00	
Total 01-1816 · Security									6,267.00	

01-1824 · R&M - Pump Station	

07/05/2023		

22295		

Water ETuipment Technologies		

Field service to check & repair leak on pump station #3 transducer line.		

198.57	
Total 01-1824 · R&M - Pump Station
01-1826 · Cable / Internet / Phone	

07/13/2023		

94135900041116115		

Frontier Communication Acct#41116115		

Account Number 941-359-0004-111611-5 Local Service from 07/13/23 to 08/12/23		198.57

395.29	
	07/17/2023		2098578071723		Spectrum Acct#8578		Service from 07/17/23 through 08/16/23Account Number: 8338 12 013 0045133		99.99	
	07/17/2023		2062830071723		Spectrum Acct#2830		Service from 07/17/23 through 08/16/23Account Number: 8338 12 013 0008164		99.99	
	07/19/2023		94135900091116115		Frontier Communication Acct#91116115		Account Number 941-359-0004-111611-5 Local Service from 07/19/23 to 08/18/23		210.26	
	07/28/2023		94135853401001085		Frontier Communication Acct#1001085		Acct#941-358-5340-100108-5Local Service from 07/28/23 to 08/27/23		144.55	
Total 01-1826 · Cable / nternet / Phone									950.08	
Total Expenditures									32,125 65	

University Place CDD
Debt Service (Series 2022) Profit & Loss Report July 2023

	

Annual Budget
10/1/22 - 9/30/23	

Actual Jul-23	
Year To Date Actual
10/1/22 - 7/31/23	

Revenues				

Interest Income	
0	
336	
2,625	

NAV Tax Collection	
269,715	
806	
271,014	

Bond Prepayments	
0	
0	
0	

Total Revenues	
$	269,715	
$	1,142	
$	273,639	

Expenditures				

Principal Payments	
207,700	
0	
207,700	

Interest Payments	
57,432	
0	
60,049	

Bond Redemption	
4,583	
0	
0	

Total Expenditures	
$	269,715	
$	-	
$	267,749	

Excess/ (Shortfall)	
$	-	
$	1,142	
$	5,890	

114,819 86

$

Debt Service Fund Balance As Of 9/30/22

Revenue Fund Balance As Of 7/31/23	
$	85,923 09	

Reserve Fund Balance As Of 7/31/23	
$	26,971 50	

A/R Non Ad Valorem Receipts Balance As Of 7/31/23	
$	7,814 98	

Total Debt Service Fund Balance As Of 7/31/23	
$	120,709 57	

2,175,200

$

Series 2022 Bond Balance As Of 7/31/23

UNIVERSITY PLACE CDD TAX COLLECTIONS
2022-2023

 	

ID 	

PAYMENT FROM	

DATE	

FOR	

Tax Collect Receipts	

Interest Received	

Commissions Paid	

Discount	

Net From Tax Collector	O & M Assessment Income (Before Discounts & Fee)	Debt Assessment Income (Before Discounts & Fee)	O & M Assessment Income (After Discounts & Fee)	Debt Assessment Income (After Discounts & Fee)	

Debt Assessments Paid to Trustee	
									$ 1,054,141 00	$764,125 00	$ 290,016 00	$764,125 00	$  290,016 00		
									$  980,351 00	$710,636 00	$269,715 00	$710,636 00	$  269,715 00	$	269,715 00	
1	1	Manatee County Tax Collector	11/17/22	NAV Taxes	$	3,196.14		$	(92.14)	$	(124.86)	$	2,979.14	$	2,291.96	$	904.18	$	2,136.00	$	843.14	$	843.14	
2	2	Manatee County Tax Collector	11/23/22	NAV Taxes	$	23,940.43		$	(689.48)	$	(957.62)	$	22,293.33	$	17,315.88	$	6,624.55	$  16,127.60	$	6,165.73	$	6,165.73	
3	3	Manatee County Tax Collector	12/02/22	NAV Taxes	$  243,801.94		$	(7,021.49)	$  (9,752.07)	$  227,028.38	$  180,121.69	$  63,680.25	$ 167,729.32	$	59,299.06	$	59,299.06	
4	4	Manatee County Tax Collector	12/19/22	NAV Taxes	$  608,111.00		$	(17,513.60)	$ (24,324.44)	$  566,272.96	$  437,687.84	$ 170,423.16	$ 407,574.92	$  158,698.04	$	158,698.04	
5	5	Manatee County Tax Collector	01/23/23	NAV Taxes	$	91,155.24		$	(2,740.33)	$  (2,734.66)	$	85,680.25	$	65,915.71	$  25,239.53	$  61,932.38	$	23,747.87	$	23,747.87	
6	6	Manatee County Tax Collector	02/17/23	NAV Taxes	$	22,397.24		$	(658.48)	$	(447.94)	$	21,290.82	$	16,058.39	$	6,338.85	$  15,265.07	$	6,025.75	$	6,025.75	
7	7	Manatee County Tax Collector	03/17/23	NAV Taxes	$	18,290.71		$	(543.24)	$	(182.91)	$	17,564.56	$	13,636.26	$	4,654.45	$  13,094.81	$	4,469.75	$	4,469.75	
8	8	Manatee County Tax Collector	04/14/23	NAV Taxes	$	22,215.81		$	(666.48)		$	21,549.33	$	16,006.54	$	6,209.27	$  15,526.34	$	6,022.99	$	6,022.99	
9	9	Manatee County Tax Collector	05/25/23	NAV Taxes	$	12,624.33		$	(378.73)		$	12,245.60	$	9,051.46	$	3,572.87	$	8,779.92	$	3,465.68	$	3,465.68	
10	10	Manatee County Tax Collector	06/30/23	NAV Taxes/ nterest (TC)	$	5,198.79	$  155.96	$	(160.64)		$	5,194.11	$	3,839.27	$	1,515.48	$	3,724.09	$	1,470.02	$	1,470.02	
11	11	Manatee County Tax Collector	06/12/23	NAV Taxes/ nterest	$	2,853.11	$	85.59	$	(88.16)		$	2,850.54	$	2,107.66	$	831.04	$	2,044.43	$	806.11	$	806.11	
12									$	-						
13									$	-						
14									$	-						
					$ 1,053,784.74	$  241.55	$	(30,552.77)	$ (38,524.50)	$  984,949.02	$  764,032.66	$ 289,993.63	$ 713,934.88	$  271,014.14	$	271,014.14	

Note: $1,054,141, $764,125 and $290,016 are 2022/2023 Budgeted
Assessment Roll Total:	O&M Assessment	assessments before discounts and fees.
$1,054,143 15	Roll Total:	$980,351, $710,636 and $269,715 are 2022/2023 Budgeted
$764,126 04	assessments after discounts and fees.

Debt Assessment Roll Total:
$290,017 11

$ 1,053,784.74

	$	241.55	$ 984,949.02	
	$ (764,032.66)	$ (713,934.88)	
	$ (289,993.63)	$ (271,014.14)	
	$	-	$	-