LAKE FRANCES COMMUNITY DEVELOPMENT
DISTRICT

MIAMI-DADE COUNTY Regular Board Meeting & Public Hearing
MAY 24, 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 & PUBLIC HEARING
May 24, 2023
6:30 p.m.

Call to Order
Proof of Publication	Page 1
Establish Quorum
Additions or Deletions to Agenda
Comments from the Public for Items Not on the Agenda
Approval of Minutes
March 22, 2023 Regular Board Meeting	Page 2
Public Hearing
Proof of Publication	Page 7
Receive Public Comments on Adopting a Fiscal Year 2023/2024 Final Budget
Consider Resolution No. 2023-04 – Adopting a Fiscal Year 2023/2024 Final Budget	Page 8
Old Business
Staff Report, as Required
New Business
Consider Resolution No. 2023-05 – Adopting a Fiscal Year 2023/2024 Meeting Schedule	Page 15
Administrative & Operational Matters
Statement of Financial Interest 2022 Form 1 – Filing Deadline: July 1, 2023
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/k/ a Miami Review, a daily  (except Saturday,  Sunday and Legal Holidays) newspaper, published at 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 Co.;rt,
was published in said newspaper by print in the issues of and/or by publication on the newspaper's website, if authorized, on

10/17/2022

Affiant further

that the newspaper complies with all
in  chapter	50,  Florida

6 t&Q

I

(SEAL)
MARIA MESA personally known to me

•it!-.'. '!{, -- BARBARA TI-IOMAS

'-t t/' Expires November 2, 2025

[/.J1·Q Commission# HH 187442

·-,.:=:r.f;:/	Boolad Th!I! Troy Fain lnwrnnce SC0-:!85-7019

LAKE FRANCES COMMUNITY DEVELOPMENT DISTRICT REGULAR BOARD MEETING
MARCH 22, 2023

CALL TO ORDER

District Manager Nancy Nguyen called the March 22, 2023, Regular Board Meeting of the Lake Frances Community Development District (the “District”) to order at approximately 6:33 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 Supervisors Julio Morales, 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.

CONSIDER BOARD MEMBER RESIGNATION (DEMETRIUS YOUNG – EFFECTIVE 12/28/22)

Ms. Nguyen stated that she was in possession of a resignation letter from Demetrius Young with an effective date of December 28, 2022, and it would be in order for the Board to consider same. A discussion ensued after which:

A motion was made by Mr. Peña, seconded by Mr. Pedrini and unanimously passed accepting the resignation of Demetrius Young, effective December 28, 2022.

Ms. Nguyen stated that there was now a vacancy in Seat #3, which term expires in November 2026.

CONSIDER RESOLUTION NO. 2023-01 – DECLARING VACANCIES (SEATS 3 & 4)

Ms. Nguyen presented Resolution No. 2023-01, entitled:

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.

Ms. Nguyen provided an explanation for the document and advised that the 4-year terms of office for Seat 3 (currently vacant) and Seat 4 (currently held by David Lumpkin) expired in November 2022. She further explained that no elector had qualified for Seats 3 or 4, which were to be filled in the General Election. Pursuant to Section 190.006(3)(b), Florida Statutes, the District is required to declare the seats vacant and to appoint a qualified elector to fill each such vacancy within ninety (90) days of the second Tuesday following the General Election. Until such appointment, the incumbent Board Member in such seat shall remain in office.

A motion was made by Mr. Morales, seconded by Mr. Peña and unanimously passed declaring Seats 3 and 4 as vacant, effective November 22, 2022, and further authorizing incumbent Board Members in these seats to remain in office until the appointment of a qualified elector to such seats.

DISCUSSION REGARDING VACANCY IN SEAT 3 & 4 AND APPOINTMENT TO FILL VACANCIES

This item was not needed at this time.

ADMINISTER OATH OF OFFICE AND REVIEW NEW BOARD MEMBER DUTIES AND RESPONSIBILITIES

This item was not needed at this time.

ELECTION OF OFFICERS

As a result of the changes to the Board of the District, Ms. Nguyen recommended that re-election of the District’s Officers take place. She provided the following slate of names for election:

Chairperson – David Lumpkin
Vice Chairperson – Gabriel Pedrini
Secretary/Treasurer – Nancy Nguyen
Assistant Secretaries – Nelson Peña, Julio Morales, Armando Silva and Gloria Perez

A motion was made by Mr. Morales, seconded by Mr. Pedrini and passed unanimously electing the District’s Officers, as listed above.

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
1. November 16, 2022, Regular Board Meeting

Ms. Nguyen presented the minutes of the November 16, 2022, Regular Board Meeting 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 November 16, 2022, Regular Board Meeting minutes, as presented.

OLD BUSINESS
1. Discussion Regarding Miami-Dade Fire Rescue Training Exercising – Cease & Desist Letter

Ms. Nguyen stated, at the request of the Board during the November 16, 2022, Regular Meeting, she contacted the Division Training Chief to discuss the possibility of entering into an Agreement, which would indemnify the District and allow Miami-Dade Fire Rescue (MDFR) to continue conducting their training exercises in the District’s lake. Ms. Nguyen stated that MDFR was unresponsive. Accordingly, she discussed the matter with Mr. George and they agreed to send a cease-and-desist letter, which Ms. Nguyen presented. Ms. Nguyen then advised that MDFR was also unresponsive to the cease-and-desist letter. Mr. George confirmed that he did not receive any correspondence from MDFR regarding this matter. Ms. Nguyen reminded the Board to notify her if they witness MDFR conducting training exercises in the lake.

NEW BUSINESS
Consider Resolution No. 2023-02 - Adopting a Fiscal Year 2023/2024 Proposed Budget

Ms. Nguyen presented Resolution No. 2023-02, entitled:

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.

Ms. Nguyen provided an explanation for the document and indicated that the projected operating fund balance for September 30, 2023, is approximately $180,000. Ms. Nguyen advised that since the overall proposed assessments were not increasing in the fiscal year 2023/2024, letters to the residents would not be required. Furthermore, Ms. Nguyen stated, as part of Resolution No. 2023-02, the Board must set a date for the public hearing to adopt the fiscal year 2023/2024 final budget and assessment roll. A discussion ensued after which:

A motion was made by Mr. Pedrini, seconded by Mr. Peña and unanimously passed adopting Resolution No. 2023-02, as presented, setting the public hearing to adopt the fiscal year 2023/2024 final budget and assessments for May 24, 2023, at 6:30 p.m. in the Hampton Inn & Suites – Homestead, 1st Floor Conference Room (Cove Board Room) located at 2855 NE 9th Street, Homestead, Florida 33033.; and further authorizes publication/notice of the budget public hearing, as required by law.

Consider Resolution No. 2023-03 – Authorizing Electronic Approvals & Check Signers

Resolution No. 2021-05 was presented, entitled:

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.

Ms. Nguyen advised that due to the Board changes, it would be in order to designate a new District Official as an authorized electronic approver and re-elect authorized District Staff as electronic approvers and check signers. The flowing slate of names were suggested:

Todd Wodraska
Jason Pierman
Patricia LasCasas
Nancy Nguyen
David Lumpkin

A motion was made by Mr. Peña, seconded by Mr. Morales and unanimously passed approving and adopting Resolution No. 2023-03, designating the authorized electronic approvers and check signers, as listed above.

Consider Engineering Updated Rates Request (Alvarez Engineers)

Ms. Nguyen presented a letter from Alvarez Engineers, the District Engineer, respectfully requesting the Board’s consideration in updating the engineering hourly billing rates for engineering personnel. Ms. Nguyen informed the Board that the existing billing rates have been in effect since 2015 and that the proposed increases amount to approximately 10%. Ms. Nguyen also confirmed that the District’s budget includes sufficient funds for the budget line, and that the increase in billing rates will not affect the District’s budget. As per Alvarez Engineers, the billing rates will be reviewed again after a period of five (5) years. A discussion ensued, after which:

A motion was made by Mr. Morales, seconded by Mr. Peña and unanimously passed accepting the updated billing rates proposed by Alvarez Engineers; and further authorizing District Counsel to prepare an Amendment to the Engineering Agreement.

Consider Adjustment to District Counsel Fee Structure

Ms. Nguyen presented a letter provided by Mr. George.

Mr. George explained that District Counsel’s firm, Billing, Cochran, Lyles, Mauro & Ramsey, P.A., has had the current fee structure in place since 2006. Mr. George further explained that although the firm was 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 the firm to adjust their hourly rates, effective April 1, 2023.

Ms. Nguyen confirmed that the District’s budget included sufficient funds for the legal budget line, and that the increase in billing rates would not affect the District’s budget.

A motion was made by Mr. Morales, seconded by Mr. Pedrini and unanimously passed accepting the updated billing rates proposed by Billing, Cochran, Lyles, Mauro & Ramsey, P.A..

ADMINISTRATIVE & OPERATIONAL MATTERS
1. Staff Report, as Required

There was no staff report at this time.

BOARD MEMBER & STAFF CLOSING COMMENTS

The Board stated that the “No Trespassing” sign on Tract B was missing. Ms. Nguyen explained that Tract B was owned by Miami-Dade County (the “County”). She further explained that she would contact the County to report the missing sign, but the replacement of the sign would be at the County’s discretion.

Ms. Nguyen stated that unless an emergency were to arise, the Board would not need to meet until May 24, 2023.

ADJOURNMENT

There being no further business to come before the Board, a motion was made by Mr. Pedrini, seconded by Mr. Morales and unanimously passed adjourning the Regular Board Meeting at 6:57 p.m.

Secretary/Assistant Secretary	Chair/Vice Chair

Miscellaneous Notices
Published in Miami Daily Business Review on May 11, 2023

Location
Miami-Dade County, Florida
Notice Text	
	NOTICE OF PUBLIC HEARING
AND REGULAR BOARD MEETING OF THE
LAKE FRANCES COMMUNITY DEVELOPMENT DISTRICT
The Board of Supervisors (the "Board") of the Lake Frances Community Development District (the "District") will hold a Public Hearing and Regular Board Meeting on May 24, 2023, at 6:30 p.m., or as soon thereafter as can be heard, in the 1st Floor Cove Board Room of the Hampton Inn & Suites - Homestead located at 2855 NE 9th Street, Homestead, Florida 33033.
The purpose of the Public Hearing is to receive public comment on the District's Fiscal Year 2023/2024 Proposed Final Budget and Non-Ad Valorem Assessments. The purpose of the Regular Board Meeting is to consider any other District business that may lawfully and properly come before the Board. A copy of the Proposed Final Budget and/or the Agenda may be obtained from the District's website or at the offices of the District Manager, 8785 SW 165th Avenue, Suite 200, Miami, Florida 33193, during normal business hours. The meetings are open to the public and will be conducted in accordance with the provisions of Florida law for community development districts. Meetings may be continued as found necessary to a time and place specified on the record.
There may be occasions when one or two Board members will participate by telephone; therefore, a speaker telephone will be present at the meeting location so that Board members may be fully informed of the discussions taking place.
In accordance with the provisions of the Americans with Disabilities Act, any person requiring special accommodations or an interpreter to participate at these meetings should contact the District Manager at 786-347-2700 ext. 2027 and/or toll free at 1-877-737-4922, at least seven (7) days prior to the date of the meetings.
If any person decides to appeal any decision made with respect to any matter considered at this Public Hearing and Regular Board Meeting, such person will need a record of the proceedings and such person may need to ensure that a verbatim record of the proceedings is made at their own expense and which record includes the testimony and evidence on which the appeal is based.
Meetings may be cancelled from time to time without advertised notice. Lake Frances Community Development District	
	www.lakefrancescdd.org		
	5/4-11 23-61/0000660453M	

RESOLUTION NO. 2023-04

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE LAKE FRANCES 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 Lake Frances 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 LAKE FRANCES 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 24th day of May, 2023.

ATTEST:	LAKE FRANCES
COMMUNITY DEVELOPMENT DISTRICT

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

Lake Frances Community Development District

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

CONTENTS

FINAL BUDGET

DETAILED FINAL BUDGET

DETAILED FINAL DEBT SERVICE FUND BUDGET

ASSESSMENT COMPARISON

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

REVENUES	
FISCAL YEAR 2023/2024 BUDGET	
AGPinistrDtive AssessPents	 1 242	
MDintenDnce AssessPents	1 09 	
DeEt AssessPents	14 840	
Other Revenues	0	
 nterest ncoPe	480	
		
TOTAL REVENUES	$	225,658	
		
EXPENDITURES		
MAINTENANCE EXPENDITURES		
ATuDtic MDintenDnce /DNe 7rDct 	3 00	
/DZn /DnGscDpe MDintenDnce	 200	
(ngineering/AnnuDl Report/ nspections	1 50	
FielG OperDtion MDnDgePent	1 20	
MDintenDnce Contingenc\	1 900	
TOTAL MAINTENANCE EXPENDITURES	$	16,070	
		
ADMINISTRATIVE EXPENDITURES		
Supervisor Fees	3 000	
3D\roll 7D[es (Pplo\er 	230	
MDnDgePent	34 488	
/egDl	9 00	
AssessPent Roll	 000	
AuGit Fees	3 200	
 nsurDnce	 00	
/egDl AGvertisePents	 25	
MiscellDneous	900	
Meeting RooP RentDl	900	
3ostDge	200	
Office Supplies	400	
Dues SuEscriptions	1 5	
7rustee Fee	4 000	
Continuing Disclosure Fee	350	
:eEsite MDnDgePent	2 000	
AGPinistrDtive Contingenc\	1 200	
TOTAL ADMINISTRATIVE EXPENDITURES	$	74,068	
		
TOTAL EXPENDITURES	$	90,138	
		
REVENUES LESS EXPENDITURES	$	135,520	
		
%onG 3D\Pents	 138 030 	
		
BALANCE	$	 2,510 	
		
Count\ ApprDiser 7D[ Collector Fee	 4 503 	
Discounts For (Drl\ 3D\Pents	 9 00 	
		
EXCESS/ S+ORTFALL 	$	 16,020 	
		
CDrr\over FroP 3rior <eDr	1 020	
		
NET EXCESS/ S+ORTFALL 	$	-	

DETAILED FINAL 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 nterest & 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	
 nterest ncome	25	420	480	 nterest ProMected 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/ nspections	2,075	1,250	1,750	$500 ncrease 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	CP AdMustment (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	
 nsurance	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 & nterest 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 FINAL 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	

 nterest ncome	
406	
25	
100	
ProMected nterest For FY 2023/2024	

NA9 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 n 2024	

 nterest Payments	
59,630	
56,030	
53,585	
 nterest Payments Due n 2024	

Bond Redemption	
0	
25	
3,545	
Estimated Excess Debt Collections	

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

ExFess/ (SKortfall)	
$	1,549	
$	-	
$	-		

Series 2018 Bond Refunding Information

Original Par Amount =	$1,812,000	Annual Principal Payments Due =	May 1st	
 nterest Rate =	3.00% 4.00 	Annual nterest Payments Due =	May 1st & November 1st	
 ssue 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 nclude the Following	 4% Discount for Early Payments
1% County Tax Collector Fee
1% County Property Appraiser Fee
Community nformation		 Total Units	143

RESOLUTION NO. 2023-05

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE LAKE FRANCES 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 Lake Frances Community Development District (the "District") to establish a regular meeting schedule for fiscal year 2023/2024; and

WHEREAS, the Board of Supervisors (the “Board”) 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 LAKE FRANCES COMMUNITY DEVELOPMENT DISTRICT, MIAMI-DADE COUNTY, FLORIDA, AS FOLLOWS:

Section 1.   The above recitals are hereby adopted by the Board.

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 by the Board to be published.

PASSED, ADOPTED and EFFECTIVE this 24th day of May, 2023.

ATTEST:	LAKE FRANCES
COMMUNITY DEVELOPMENT DISTRICT

By:			By:		 Secretary/Assistant Secretary			Chair/Vice Chair

LAKE FRANCES COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2023/2024 REGULAR MEETING SCHEDULE
NOTICE IS HEREBY GIVEN that the Board of Supervisors (the “Board”) of the Lake Frances Community Development District (the “District”) will hold Regular Meetings in the Hampton Inn & Suites – Homestead, 1st Floor Conference Room (Cove Board Room) located at 2855 NE 9th Street, Homestead, Florida 33033 at 6:30 p.m. on the following dates:

October 25, 2023
November 15, 2023
January 24, 2024
February 28, 2024
March 27, 2024
April 24, 2024
June 26, 2024
July 24, 2024
August 28, 2024
September 25, 2024

The purpose of the meetings is for the Board to consider any District business which may lawfully and properly come before the Board. Meetings are open to the public and will be conducted in accordance with the provisions of Florida law for community development districts. Copies of the Agenda for any of the meetings may be obtained from the District’s website or by contacting the District Manager at nnguyen@sdsinc.org and/or toll free at 1-877-737-4922, prior to the date 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 the 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 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 nnguyen@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.org

PUBLISH: MIAMI DAILY BUSINESS REVIEW 10/13/23