LAKE FRANCES COMMUNITY DEVELOPMENT
DISTRICT

MIAMI-DADE COUNTY REGULAR BOARD MEETING MARCH 22, 2023
6:30 P.M.

Special District Services, Inc. 8785 SW 165th Avenue, Suite 200
Miami, FL 33193

www.lakefrancescdd.org 786.347.2700 ext. 2700 Telephone 877.SDS.4922 Toll Free 561.630.4923 Facsimile

AGENDA
LAKE FRANCES COMMUNITY DEVELOPMENT DISTRICT
Hampton Inn & Suites - Homestead
1st Floor Conference Room (Cove Board Room) 2855 N.E. 9th Street
Homestead, Florida 33033
REGULAR BOARD MEETING
March 22, 2023
6:30 p.m.

Call to Order
Proof of Publication	Page 1
Establish Quorum
Consider Board Member Resignation (Demetrius Young – Effective 12/28/2022)	Page 2
Consider Resolution No. 2023-01 – Declaring Vacancies (Seats #3 and #4)	Page 3
Discussion Regarding Vacancy in Seats #3 and #4 and Appointment to Fill Vacancies
Administer Oath of Office and Review New Board Member Duties and Responsibilities
Election of Officers
Chairperson
Vice Chairperson
Secretary/Treasurer
Assistant Secretaries
Additions or Deletions to Agenda
Comments from the Public for Items Not on the Agenda
Approval of Minutes
1. November 16, 2022 Regular Board Meeting	Page 5
Old Business
1. Discussion Regarding MDFR Training Exercises – Cease & Desist Letter	Page 8
New Business
Consider Resolution No. 2023-02 – Adopting a Fiscal Year 2023/2024 Proposed Budget	Page 10
Consider Resolution No. 2023-03 – Authorizing Electronic Approvals & Check Signers	Page 17
Consider Engineering Updated Rates Request (Alvarez Engineers)	Page 18
Consider Adjustment to District Counsel Fee Structure	Page 20
Administrative & Operational Matters
1. Staff Report, as Required
Board Member & Staff Closing Comments
Adjourn

MIAMJ-DADE

STATE OF FLORIDA COUNTY OF MIAMI-DADE:

Before the undersigned authority personally appeared MARIA MESA, who on oath says that he or she is the LEGAL CLERK, Legal Notices of the Miami Daily Business Review f/kl a Miami Review, a daily  (except Saturday,  Sunday and Legal Holidays) newspaper, published al Miami in Miami-Dade County, Florida; that the attached copy of advertisement, being a Legal Advertisement of Notice in the matter of

LAKE FRANCES COMMUNITY DEVELOPMENT DISTRICT - FISCAL YEAR 2022/2023 REGULAR MEETING SCHEDULE

in the XXXX Court,
was published in said newspaper by print in the issues of and/or by publication on the newspaper's website, if authorfzed, on

10/17/2022

Alliant further says that the newspaper complies with all

in  chapter	50,  Florida

JJ ;UJ

LAKE FRANCES COMMUNITY
.		DEVELOPMENT DISTRICT FISCAL,YEAR 2022/2023
REGULAR MEETING SCHEDULE

°'"""· ·	'

NOTICEJS.HEREBY GIVEN ihat the Board of Supervisors (the "Soard') f the Lake Frances Community Development Distric_t (the "District") will hold Regular Meetings in the Hampton Inn & Suites - Homestead 1st Floor Conference Roqm (Cove Board Room) located at 2855 NE 9th Street Homestead, Florida 33033 at 6:30 p.m. onihe folloviing

October 26, 2022
November 16, 2022
January 25, 2023
February 22, 2023
March 22, 2023
April 26, 2023
May 24, 202.3
June 28, 2023
July 26, 2023
.	August 23, 2023
September 27, 2023

The purpose of the me_elings is fgr the Board. to consider any District \ business which may lawfully an properly come before_ the Board. Meetings are open to the.public and Will be conducted in a.ccordance with the provisions l

illlQ.lJY.en@sdsinc.or

contacting the District Manager at

_ and/or toJI free at

of FloridaJaw for community development districts. Coples of the Agenda for any of the meetings may be obtained from the District'.s website or by 1

l
(SEAL)

- ""'•- :-•• BARBARA THOMAS

f /, ·\iCommissionII HH 187442

,;,, ,.-···.•:o.-.{.-'•:, Expires November 2, 2025

'••,ftJ / !!ro-13d Thru Troy Fa!n lmur= 800-385-7019

MARIA MESA personally known to me

1·8'77-737-4922, prior to the elate of the particular meeting.

From time to time one or two Board members may participate by telephone; therefore, a speaker telephone will be present at the meeting location so that Board members may be fully informed of 1he discussions taking place. Said meeting(s) may be continued as found necessary to a time and place specified on the record.

If any person decides to app al 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 fo insure that-a verbatim record of the proceedings is made at his or her owii expense and which record includes the testimony and evidence on•which the appeal is based.

In accordance with tne provisions of the Americans with Disabilities Act, any person requiring special accommodations or an interpreter to participa.te:at any of these meetfngs should contact the District Manager at
!IDQ!!Y.en@sdsinc.org 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 with no advertised notice.

LAKE FRANCES COMMUNITY DEVELOPMENT DISTRICT

www.lakefrancescdd.or
10/17	22-43/0000625745M

December 28, 2022

Board of Supervisors
Lake Frances Community Development District c/o Special District Services, Inc., District Manager 2501A Burns Road
Palm Beach Gardens, FL 33410

RE: Resignation

Dear Board of Supervisors,

Please be advised that I am resigning my position as Board Member and Supervisor on the Board of Supervisors of the Lake Frances Community Development District effective December 28, 2022.

It has been a pleasure serving as a Board Member.

Sincerely,

RESOLUTION NO. 2023-01

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE LAKE FRANCES COMMUNITY DEVELOPMENT DISTRICT DECLARING VACANCIES ON THE BOARD OF SUPERVISORS PURSUANT TO SECTION 190.006(3)(b), FLORIDA STATUTES; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, pursuant to the provisions of Section 190.006, Florida Statutes, the members of the Board of Supervisors (the “District Board”) of the Lake Frances Community Development District (the “District”) are to be elected by the qualified electors of the District at a general election to be held on November 8, 2022 (the “General Election”); and

WHEREAS, the District provided published notice of the qualifying period for election to the District Board at least two (2) weeks prior to the start of the qualifying period for the General Election, as required by Section 190.006(3)(b), Florida Statutes; and

WHEREAS, the Miami-Dade County Supervisor of Elections has confirmed that at the close of the qualifying period for election to the District Board, no elector qualified for Seats #3 and #4 to be filled in the General Election; and

WHEREAS, pursuant to Section 190.006(3)(b), Florida Statutes, the District is required to declare the seats to be filled by the election to which no qualified elector has qualified as vacant and to appoint a qualified elector to fill each such vacancy within 90 days of the second Tuesday following the General Election.

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

The recitals above are true and correct and are hereby made a part of this Resolution.

The District Board hereby declares Seats #3 and #4 to be vacant, effective on the second Tuesday following the General Election.

The District Board shall appoint a qualified elector to Seats #3 and #4 within 90 days of the second Tuesday following the General  Election,  as required by Section

190.006(3)(b), Florida Statutes. Until such appointment, the incumbent board member in such seats shall remain in office.

This Resolution shall take effect immediately upon its passage and adoption.

PASSED AND ADOPTED this 22nd day of March, 2023 by the Board of Supervisors of the Lake Frances Community Development District.

ATTEST:	LAKE FRANCES COMMUNITY DEVELOPMENT DISTRICT

Secretary / Assistant Secretary	Chair / Vice Chair

LAKE FRANCES COMMUNITY DEVELOPMENT DISTRICT REGULAR BOARD MEETING
NOVEMBER 16, 2022

CALL TO ORDER

District Manager Nancy Nguyen called the November 16, 2022, Regular Board Meeting of the Lake Frances Community Development District (the “District”) to order at approximately 6:35 p.m. in the Hampton Inn & Suites – Homestead, 1st Floor Conference Room (Cove Board Room) located at 2855 NE 9th Street, Homestead, Florida 33033.

PROOF OF PUBLICATION

Ms. Nguyen presented proof of publication that notice of the Regular Board Meeting had been published in the Miami Daily Business Review on October 17, 2022, as part of the District’s Fiscal Year 2022/2023 Regular Meeting Schedule, as legally required.

ESTABLISH A QUORUM

Ms. Nguyen determined that the attendance of Vice Chairman David Lumpkin and Supervisors Gabriel Pedrini and Nelson Peña constituted a quorum and it was in order to proceed with the meeting.

Staff in attendance included: District Manager Nancy Nguyen of Special District Services, Inc.; and General Counsel Gregory George of Billing, Cochran, Lyles, Mauro & Ramsey, P.A.

ADDITIONS OR DELETIONS TO THE AGENDA

There were no additions or deletions to the agenda.

COMMENTS FROM THE PUBLIC FOR ITEMS NOT ON THE AGENDA

There were no comments from the public for items not on the agenda.

APPROVAL OF MINUTES
April 27, 2022, Regular Board Meeting & Public Hearing

Ms. Nguyen presented the minutes of the April 27, 2022, Regular Board Meeting and Public Hearing and asked if there were any changes. There being no changes, a motion was made by Mr. Peña, seconded by Mr. Pedrini and unanimously passed approving the minutes of the April 27, 2022, Regular Board Meeting and Public Hearing minutes, as presented.

OLD BUSINESS
1. Discussion Regarding Miami-Dade County Fire Rescue Training Exercising

Ms. Nguyen stated that Mr. Lumpkin had informed her that the Miami-Dade County Fire Department was conducting training exercises in the District’s lake again. Ms. Nguyen advised that she contacted the Department’s Division Training Chief regarding the use of the District’s lake for staff training, explaining that she advised them that the lake was a storage basin for stormwater discharge and requested that no further exercises be conducted in the District’s lake. Ms. Nguyen reminded the Board that the District had brought this matter to the attention of the Division Training Chief several
1 of 4

times before, but they continue to use the lake for training purposes. Additionally, the Division Chief had been invited to attend District meetings to discuss this matter and come to an agreement with the District, but he has not yet attended any meetings. The Board directed Ms. Nguyen to contact the Division Training Chief to discuss the possibility of entering into an Agreement which would indemnify the District and allow them to continue conducting their training exercises in the District’s lake. Ms. Nguyen acknowledged the Board’s request. A discussion ensued, after which;

A motion was made by Mr. Lumpkin, seconded by Mr. Peña and unanimously passed authorizing District Counsel to prepare an Agreement between the District and Miami-Dade County Fire Department; and further authorizing the District Manager to execute such Agreement on behalf of the Chairman.

NEW BUSINESS
Consider Resolution No, 2022-05 - Adopting a Fiscal Year 2021/2022 Amended Budget

Ms. Nguyen presented Resolution No. 2022-05, entitled:

RESOLUTION NO. 2022-05

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE LAKE FRANCES COMMUNITY DEVELOPMENT DISTRICT AUTHORIZING AND ADOPTING AN AMENDED FINAL FISCAL YEAR 2021/2022 BUDGET (“AMENDED BUDGET”), PURSUANT TO CHAPTER 189, FLORIDA STATUTES; AND PROVIDING AN EFFECTIVE DATE.

Ms. Nguyen read the title into the record and provided an explanation for the document. She indicated that there was an operating fund balance of approximately $195,000 at the end of the fiscal year. A discussion ensued after which:

A motion was made by Mr. Peña, seconded by Mr. Pedrini and unanimously passed to adopt Resolution No. 2022-05, as presented, thereby setting the amended/revised budget for the 2021/2022 fiscal year.

2022 Legislative Session Update Memo

Ms. Nguyen explained that District Counsel had prepared a memorandum summarizing the legislative acts that had become law during the most recent legislative session. Mr. George provided an explanation of the laws that pertain to the District. Mr. George advised that if anyone had any questions regarding these new laws, they may contact his office or visit http://laws.flrules.org/.

ADMINISTRATIVE & OPERATIONAL MATTERS
Statement of Financial Interests/Disclosure 2021 Form 1 Update

Ms. Nguyen advised that all Supervisors had filed their Statement of Financial Interests 2021 Form 1 timely.

General Election Candidates (Seats 3 & 4; General Election 11/8/22)

Ms. Nguyen advised that no electors had qualified for Seats 3 (Demetrius Young) and 4 (David Limpkin); therefore, vacancies would be declared, effective the second Tuesday following the general
2 of 4

election (November 22, 2022). Ms. Nguyen further explained that the incumbents in these seats shall remain on the Board as holdovers until the Board appoints a qualified elector to serve in such seats.

J. BOARD MEMBER & STAFF CLOSING COMMENTS

There were no comments from Board Members.

Ms. Nguyen stated that unless an emergency were to arise, the Board would not need to meet until March 22, 2023.

K. ADJOURNMENT

There being no further business to come before the Board, a motion was made by Mr. Lumpkin, seconded by Mr. Pedrini and unanimously passed adjourning the Regular Board Meeting at 7:19 p.m.

Secretary/Assistant Secretary	Chairperson/Vice Chairperson

3 of 4

LAW OFFICES
BILLING,  COCHRAN,  LYLES, MAURO  & RAMSEY, P.A.
ESTABLISHED 1977

DENNISE. LYLES JOHN W. MAURO
KENNETH W. MORGAN, JR. RICHARDT. WOULFE CAROL J. HEALY GLASGOW MICHAEL J. PAWELCZYK ANDREW A. RIEF
MANUEL R. COMRAS GINGER E. WALD JEFFERY R. LAWLEY DONNA M. KRUSBE SCOTT C. COCHRAN SHAWN B. Mc:KAMEY ALINE 0. MARCANTONIO JOHN C. WEBBER

LAS OLAS SQUARE, SUITE 600 515 EAST LAS OLAS BOULEVARD
FORT LAUDERDALE. FLORIDA 33301 (954) 764-7150
F'AX: (954) 764-7279

NATIONAL OFFICE CENTER
300 AVENUE OF THE CHAMPIONS, SUITE 270 PALM BEACH GARDENS. FLORIDA 3341B
(561) 659-5970
FAX: (561) 659-6173 WWW.BILLINGCOCHRAN.COM
PLEASE REPLY TO: FORT LAUDERDALE

December 6, 2022

CHRISTINE A. BROWN GREGORY F. GEORGE BRAD J. KIMBER

OF COUNSEL CLARKJ,COCHRAN,JR  SUSAN F. DELEGAL SHIRLEY A. DELUNA
GERALD L. KNIGHT
BRUCE M. RAMSEY

STEVEN F. BILLING, 1947-199B HAYWARD D. GAY, 1943-2007

VIA U.S. MAIL

Captain Abraham Iglesias 9300 NW 41ST Street Doral, FL 33178

Re: Lake France Community Development District (Cease and Desist)

Dear Captain Iglesias:

This firm serves as legal counsel to the Lake Frances Community Development District (the "District"), which is a local unit of special purpose government established pursuant to Chapter 190, Florida Statutes, and Miami-Dade County Ordinance No. 06-155. This letter serves as the District's request that the Miami-Dade Fire Rescue ("MDFR") cease and desist from using the lake, more particularly described hereafter, located within the boundaries of the District for training purposes.

The tax folio number of the lake is 30-7902-018-1440, the lake is approximately 19.93 acres, as shown on the Plat of Lake Frances Subdivision recorded in Plat Book 165, Pages 39.1
t)u-ough 39.5, of the Public Records of Miami-Dade County, Florida. According to the plat and the use of the lake by the District, the lake is a storage basin for stormwater discharge. MDFR's purported use of the lake for diving and training exercises is contrary to the intended use of the lake.

The District Manager of the District, Nancy Nguyen, previously requested that MDFR cease entering the lake for diving and training exercises and was assured by you that the activities would stop; however, the diving and training exercises continue. This letter serves as a formal demand fo'rIDFR to cease and desist from using the District's lake for diving and other training activities. The District is willing to enter into a "Proper Use" Agreement with MDFR, but absent

Captain Abraham Iglesias December 6, 2022
Page 2

such Agreement the activities previously mentioned in this letter must cease henceforth. If you have questions, please feel free to contact me directly or Nancy Nguyen at nnguyen@sdsinc.org or 305-778-8331.

Yours very truly,
.#
Gregory F. George, Esq.
For the Firm

cc:   Nancy Nguyen, Distric Manager [via email only]
Ivonne Villar, Esq., Legal Advisor, Miami Dade County

RESOLUTION NO. 2023-02

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE LAKE FRANCES COMMUNITY DEVELOPMENT DISTRICT APPROVING A PROPOSED BUDGET AND NON-AD VALOREM SPECIAL ASSESSMENTS FOR FISCAL YEAR 2023/2024; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the Board of Supervisors (the “Board”) of the Lake Frances Community Development District (the “District”) is required by Section 190.008(2)(a), Florida Statutes, to approve a Proposed Budget for each fiscal year; and,

WHEREAS, the Proposed Budget including the Assessments for Fiscal Year 2023/2024 has been prepared and considered by the Board.

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

Section 1.  The Proposed Budget including the Assessments for Fiscal Year 2023/2024 attached hereto as Exhibit “A” is approved and adopted by the Board.

Section 2.  A Public Hearing is hereby scheduled for May 24, 2023 at 6:30 p.m. in the Hampton Inn 1st Floor Conference Room (Cove Board Room) located at 2855 N.E. 9th Street, Homestead, Florida 33033, for the purpose of receiving public comments on the Proposed Fiscal Year 2023/2024 Budget.

PASSED, ADOPTED and EFFECTIVE this 22nd day of March, 2023.

ATTEST:	LAKE FRANCES
COMMUNITY DEVELOPMENT DISTRICT

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

Lake Frances Community Development District

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

CONTENTS

PROPOSED BUDGET

DETAILED PROPOSED BUDGET

DETAILED PROPOSED DEBT SERVICE FUND BUDGET

ASSESSMENT COMPARISON

PROPOSED BUDGET
LAKE FRANCES COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2023/2024
OCTOBER 1, 2023 - SEPTEMBER 30, 2024

REVENUES	
FISCAL YEAR 2023/2024 BUDGET	
Administrative Assessments	61,242	
Maintenance Assessments	17,096	
Debt Assessments	146,840	
Other Revenues	0	
Interest Income	480	
		
TOTAL REVENUES	$	225,658	
		
EXPENDITURES		
MAINTENANCE EXPENDITURES		
Aquatic Maintenance (Lake Tract)	3,600	
Lawn & Landscape Maintenance	7,200	
Engineering/Annual Report/Inspections	1,750	
Field Operation Management	1,620	
Maintenance Contingency	1,900	
TOTAL MAINTENANCE EXPENDITURES	$	16,070	
		
ADMINISTRATIVE EXPENDITURES		
Supervisor Fees	3,000	
Payroll Taxes (Employer)	230	
Management	34,488	
Legal	9,600	
Assessment Roll	6,000	
Audit Fees	3,200	
Insurance	6,700	
Legal Advertisements	725	
Miscellaneous	900	
Meeting Room Rental	900	
Postage	200	
Office Supplies	400	
Dues & Subscriptions	175	
Trustee Fee	4,000	
Continuing Disclosure Fee	350	
Website Management	2,000	
Administrative Contingency	1,200	
TOTAL ADMINISTRATIVE EXPENDITURES	$	74,068	
		
TOTAL EXPENDITURES	$	90,138	
		
REVENUES LESS EXPENDITURES	$	135,520	
		
Bond Payments	(138,030)	
		
BALANCE	$	(2,510)	
		
County Appraiser & Tax Collector Fee	(4,503)	
Discounts For Early Payments	(9,007)	
		
EXCESS/ (SHORTFALL)	$	(16,020)	
		
Carryover From Prior Year	16,020	
		
NET EXCESS/ (SHORTFALL)	$	-	

DETAILED PROPOSED BUDGET
LAKE FRANCES 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	
Administrative Assessments	62,078	61,257	61,242	Expenditures Less Interest & Carryover/.94	
Maintenance Assessments	16,457	17,096	17,096	Expenditures/.94	
Debt Assessments	146,841	146,840	146,840	Bond Payments/.94	
Other Revenues	0	0	0	Other Revenues	
Interest Income	25	420	480	Interest Projected At $40 Per Month	
					
TOTAL REVENUES	$	225,401	$	225,613	$	225,658		
					
EXPENDITURES					
MAINTENANCE EXPENDITURES					
Aquatic Maintenance (Lake Tract)	2,145	3,600	3,600	No Change From 2022/2023 Budget	
Lawn & Landscape Maintenance	7,200	7,200	7,200	No Change From 2022/2023 Budget	
Engineering/Annual Report/Inspections	2,075	1,250	1,750	$500 Increase From 2022/2023 Budget	
Field Operation Management	1,620	1,620	1,620	No Change From 2022/2023 Budget	
Maintenance Contingency	0	2,400	1,900	Maintenance/Contingency	
TOTAL MAINTENANCE EXPENDITURES	$	13,040	$	16,070	$	16,070		
					
ADMINISTRATIVE EXPENDITURES					
Supervisor Fees	1,500	3,000	3,000	Supervisor Fees	
Payroll Taxes (Employer)	115	230	230	Supervisor Fees * 7.65%	
Management	32,520	33,492	34,488	CPI Adjustment (Capped At 3%)	
Legal	8,701	9,600	9,600	No Change From 2022/2023 Budget	
Assessment Roll	6,000	6,000	6,000	As Per Contract	
Audit Fees	3,100	3,200	3,200	Accepted Amount For 2022/2023 Audit	
Insurance	5,706	6,400	6,700	Fiscal Year 2022/2023 Expenditure Was $6,134	
Legal Advertisements	538	725	725	No Change From 2022/2023 Budget	
Miscellaneous	650	925	900	$25 Decrease From 2022/2023 Budget	
Meeting Room Rental	420	925	900	$25 Decrease From 2022/2023 Budget	
Postage	121	200	200	No Change From 2022/2023 Budget	
Office Supplies	282	425	400	$25 Decrease From 2022/2023 Budget	
Dues & Subscriptions	175	175	175	No Change From 2022/2023 Budget	
Trustee Fee	4,000	4,000	4,000	No Change From 2022/2023 Budget	
Continuing Disclosure Fee	350	350	350	No Change From 2022/2023 Budget	
Website Management	2,000	2,000	2,000	No Change From 2022/2023 Budget	
Administrative Contingency	0	1,200	1,200	No Change From 2022/2023 Budget	
TOTAL ADMINISTRATIVE EXPENDITURES	$	66,178	$	72,847	$	74,068		
					
TOTAL EXPENDITURES	$	79,218	$	88,917	$	90,138		
					
REVENUES LESS EXPENDITURES	$	146,183	$	136,696	$	135,520		
					
Bond Payments	(139,773)	(138,030)	(138,030)	2024 Principal & Interest Payments	
					
BALANCE	$	6,410	$	(1,334)	$	(2,510)		
					
County Appraiser & Tax Collector Fee	(2,167)	(4,503)	(4,503)	Two Percent Of Total Assessment Roll	
Discounts For Early Payments	(8,675)	(9,008)	(9,007)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	$	(4,432)	$	(14,845)	$	(16,020)		
					
Carryover From Prior Year	0	14,845	16,020	Carryover From Prior Year	
					
NET EXCESS/ (SHORTFALL)	$	(4,432)	$	-	$	-		

DETAILED PROPOSED DEBT SERVICE FUND BUDGET
LAKE FRANCES COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2023/2024
OCTOBER 1, 2023 - SEPTEMBER 30, 2024

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

COMMENTS	

Interest Income	
406	
25	
100	
Projected Interest For FY 2023/2024	

NAV Tax Collection	
139,773	
138,030	
138,030	
Maximum Debt Service Collection	

Total Revenues	
$	140,179	
$	138,055	
$	138,130		

EXPENDITURES					

Principal Payments	
79,000	
82,000	
81,000	
Principal Payment Due In 2024	

Interest Payments	
59,630	
56,030	
53,585	
Interest Payments Due In 2024	

Bond Redemption	
0	
25	
3,545	
Estimated Excess Debt Collections	

Total Expenditures	
$	138,630	
$	138,055	
$	138,130		

Excess/ (Shortfall)	
$	1,549	
$	-	
$	-		

Series 2018 Bond Refunding Information

Original Par Amount =	$1,812,000	Annual Principal Payments Due =	May 1st	
Interest Rate =	3.00% - 4.00%	Annual Interest Payments Due =	May 1st & November 1st	
Issue Date =	February 2018			
Maturity Date =

Par Amount As Of 1/1/23 =	May 2037

$1,515,000			

Lake Frances Community Development District Assessment Comparison

Fiscal Year	Fiscal Year	Fiscal Year	Fiscal Year	Fiscal Year	
2019/2020	2020/2021	2021/2022	2022/2023	2023/2024	
Assessment	Assessment	Assessment	Assessment	Projected Assessment	
Before Discount*	Before Discount*	Before Discount*	Before Discount*	Before Discount*	

Administrative	$	433.21	$	432.91	$	432.87	$	428.38	$	428.27	
Maintenance	$	115.10	$	115.10	$	115.10	$	119.56	$	119.56	
Debt	$	1,026.86	$	1,026.86	$	1,026.86	$	1,026.86	$	1,026.86	

Total	
$	
1,575.17	
$	
1,574.87	
$	
1,574.83	
$	
1,574.80	
$	
1,574.69	

* Assessments Include the Following :	 4% Discount for Early Payments
1% County Tax Collector Fee
1% County Property Appraiser Fee
Community Information:		 Total Units	143

RESOLUTION NO. 2023-03

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE LAKE FRANCES COMMUNITY DEVELOPMENT DISTRICT, AUTHORIZING THE ESTABLISHMENT OF A DISTRICT CHECKING/OPERATING ACCOUNT, DESIGNATING DISTRICT OFFICIALS AND/OR AUTHORIZED STAFF TO REVIEW, APPROVE AND ISSUE PAYMENT OF EXPENDITURES, SELECTING THE SIGNATORIES THEREOF; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, The Lake Frances Community Development District (the "District") has established a District checking/operating account in order for the District to expend public funds of the District as authorized and required; and
WHEREAS, the Board of Supervisors (the “Board”) of the District shall designate authorized staff and/or District officials to approve expenditures, via electronic or non-electronic approval processes, from the checking/operating account;
WHEREAS, the Board of the District has selected Todd Wodraska, Jason Pierman, Patricia

LasCasas, Nancy Nguyen, and 	 required, on the District checking/operating account; and

to serve as the signatories, as

WHEREAS, all resolutions or parts thereof of the District in conflict with the provisions contained herein are to the extent of any such conflict, hereby superseded and repealed.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE LAKE FRANCES COMMUNITY DEVELOPMENT DISTRICT, AS FOLLOWS:

Section 1.    The above recitals are hereby adopted by the Board.
Section 2.   Each expenditure from the checking/operating account will require a minimum of two (2) approvals and a designated member of the Board, by an electronic approval procedure, will have an opportunity to review the District’s expenditure(s) prior to release of payment(s).
Section 3.  When necessary to write checks, the signatures of two (2) of the designated signatories named herein will be required on all District checks tendered from the District checking/operating account, as approved by the Board.

PASSED, ADOPTED and becomes EFFECTIVE this 22nd day of March, 2023.

ATTEST:	LAKE FRANCES
COMMUNITY DEVELOPMENT DISTRICT

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

Alvarez Engineers

8935 NW 35 Lane, Suite 101 Doral, FL 33172
Tel (305) 640-1345
Email Alvarez@AlvarezEng.com Website www.alvarezeng.com

February 10, 2023

Board of Supervisors
Lake Frances Community Development District Attn: District Manager Nancy Nguyen
Special District Services, Inc. 2501 Burns Road
Palm Beach Gardens, FL 33410

Reference: Via:

Lake Frances Community Development District Alvarez Engineers Personnel Billing Rates Email Only: nnguyen@sdsinc.org

Dear Board of Supervisors,

In accordance with the terms of the Engineering Agreement, dated February 6, 2007, between Alvarez Engineers, Inc. and the CDD, I would like to respectfully request the Board of Supervisors to consider updating our hourly personnel billing rates and staff classifications to our proposed 2023 rates as shown in the attached table. Our rates were last revised and approved via motion by the Board on April 21, 2015.

.	you

Sincerely,

have any questions or if you would like to discuss this further.

lvl:\Account1ng\5. lncorne\lnvoices\lnvo1cing Fnnm & Procedures\Ai: - Billinr; RJte>\Billing Rates (2023)\District 1lariagers\N 11cy f\lquyen\061101 - LF ()023.02.10) Rate lnc,edse Request Lett21.Doc

Lake Frances CDD	
Current 2015 Rates	Proposed 2023 Rates	
Principal	$	200.00	Principal	$	220.00	
Chief Engineer				
Senior Engineer	$	170.00	Senior Engineer	$	185.00	
Senior Project Engineer	$	150.00	Engineer 2	$	160.00	
Project Manager				
Project Engineer	$	130.00	Engineer 1	$	140.00	
		Electrical Engineer	$	135.00	
Engineer	$	125.00	Engineer Intern	$	130.00	
CADD	$	95.00	Senior Designer	$	110.00	
		CADD/Computer Technician	$	100.00	
		Senior Engineering Technician	$	95.00	
Engineering Technician	$	85.00	Engineering Technician	$	90.00	
Senior Administrative	$	80.00	Senior Administrative	$	95.00	
Administrative	$	50.00	Administrative	$	60.00	

Principal
Senior Engineer Engineer 2
Engineer 1 Electrical Engineer Engineer Intern Senior Designer
CADD/Computer Technician Senior Engineering Technician Engineering Technician
Senior Administrative Administrative

Professional Engineer with 20+ years of post registration experience Professional Engineer with 10+ years of post registration experience Professional Engineer with 5+ years of post registration experience Professional Engineer with 0+ years of post registration experience Electrical Engineer with 2+ years of post-graduate experience
Entry level with engineering degree; Engineering Intern License 15+ years of design experience, non-registered
Design and Drafting with 1+ year of experience 5+ years of experience
Entry level, with 0-4 years of experience
Degreed executive assistant with 8+ years of experience Secretary/ Clerical

LAW OFFICES
BILLING, COCHRA	, LYLES, MAURO & RAMSEY, P.A.
ESTABUSHEO 1977

DENNISE. LYLES JOHN W. MAURO
KENNETH W. MORGAN, JR. RICHARDT. WOULFE CAROL J. HEALY GLASGOW MICHAEL J. PAWELCZYK ANDREW A. RIEF
MANUEL R. COMRAS
GINGER E. WALD JEFFERY R. LAWLEY SCOTT C. COCHRAN SHAWN B. MCKAMEY ALINE O. MARCANTONIO JOHN C. WEBBER

LAS OLAS SQUARE, SUITE 600
515 EAST LAS OLAS BOULEVARD FORT LAUD ERDA LE, FLORI DA 33301
(954) 764-7150
(954) 764-7279 FAX

PGA NATIONAL OFFICE CENTER
300 AVENUE OF THE CHAMPIONS, SUITE 270
PALM BEACH GARDENS, FLORIDA 33418
(561) 659-5970
(561) 659-6173 FAX

WWW. BILLlNGCOCH RAN.COM PLEASE REPLY TO: FORT LAUDERDALE

CHRISTINE A. BROWN GREGORY F. GEORGE BRAD J. KIMBER

OF COUNSEL

CLARK J. COCHRAN, JR. SUSAN F. DELEGAL SHIRLEY A, DELUNA GERALD L. KNIGHT BRUCE M. RAMSEY

STEVEN F. BILLING (1947-1998)
HAYWARD D. GAY (1943-2007)

January 31 2023

VIA E-MAIL ONLY- nnguyen@sdsinc.org

Ms. Nancy Nguyen District Manager
Special District Services, Inc.
8785 S.W. 165th Avenue, Suite 200
Miami, FL 33193

Re:		Adjustment to District Counsel Fee Structure Lake Frances Community Development District Our File: 793.05708

Dear Ms. Nguyen:

This firm's current fee structure has been in place since 2006. Although we are certainly mindful of the necessity to keep increases in the District's expenses including the cost of legal services, to a minimum, it has become necessary for us to adjust our hourly rates effective April 1, 2023, as follows:

Attorneys/Partners:
Attorneys/Associates:

$275.00 per hour
$225.00 per hour

This hourly fee structure will be adjusted on a periodic basis in connection with the District's budget process no later than every third Fiscal Year to reflect changes in the Consumer Price Index published by the U.S. Department of Labor. The CPI has reflected a 47.7% increase since the year 2006 and we have not raised our fees during that time.

Ms. Nancy Nguyen January 31 2023 Page2

Naturally, should you feel you have any questions or require any further information in support ofthis adjustment you should feel free to contact me at your convenience. As I think you are aware, we very much appreciate the opportunity to serve as District Counsel as well as your courtesy and cooperation with regard to the necessity of what we believe to be both infrequent and reasonable adjustments to our schedule of professional fees.

Ginger E. Wald For the Firm

GEW/jmp