CORKSCREW CROSSING COMMUNITY DEVELOPMENT DISTRICT

LEE COUNTY Regular Board Meeting
MAY 9, 2024
1:00 P.M.

Special District Services, Inc.
The Oaks Center 2501A Burns Road
Palm Beach Gardens, FL 33410
www.corkscrewcrossingcdd.org 561.630.4922 Telephone 877.SDS.4922 Toll Free 561.630.4923 Facsimile

AGENDA CORKSCREW CROSSING
COMMUNITY DEVELOPMENT DISTRICT
The River Creek Sales Office 12776 Springbrook Court
Estero, Florida 33928
REGULAR BOARD MEETING
May 9, 2024
1:00 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
November 9, 2023 Regular Board Meeting	Page 2
Old Business
New Business
Consider Resolution No. 2024-01 – Adopting a Fiscal Year 2024/2025 Proposed Budget	Page 5
Discussion Regarding Required Ethics Training	Page 13
Administrative Matters
Board Members Comments
Adjourn

Publication Date 2024-04-30

Subcategory Miscellaneous Notices

CORKSCREW CROSSING COMMUNITY DEVELOPMENT DISTRICT NOTICE OF REGULAR BOARD OF SUPERVISORS MEETING.
The Board of Supervisors (Board) of the Corkscrew Crossing Community Development District (District) will hold a Regular Board Meeting (the Meeting) on May 9, 2024, at 1:00 p.m. at the RiverCreek Sales Office located at 12776 Springbrook Court, Estero, Florida 33928 where the Board may consider any business that may properly come before it.
A copy of the agenda may be obtained at the offices of the District Manager, 2501A Burns Road, Palm Beach Gardens, Florida 33410, 561-630-4922 (District Managers Office), during normal business hours.
The Meeting is open to the public and will be conducted in accordance with the provisions of Florida law. The Meeting may be continued to a date, time, and place to be specified on the record at the meeting. There may be occasions when Board Supervisors or District Staff may participate by speaker telephone.
Any person requiring special accommodations at this Meeting because of a disability or physical impairment should contact the District Managers Office at least forty-eight (48) hours prior to the Meeting. If you are hearing or speech impaired, please contact the Florida Relay Service by dialing 7-1-1, or 1-800-955-8771 (TTY)
/ 1-800-955-8770 (Voice), for aid in contacting the District Managers Office.
Each person who decides to appeal any decision made by the Board with respect to any matter considered at the 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.
Kathleen Dailey Meneely District Manager
CORKSCREW CROSSING COMMUNITY DEVELOPMENT DISTRICT
www.corkscrewcrossingcdd.org
PUBLISH: FT MYERS NEWS PRESS 04/30/24

Page 1

CORKSCREW CROSSING COMMUNITY DEVELOPMENT DISTRICT REGULAR BOARD MEETING
NOVEMBER 9, 2023

CALL TO ORDER

The Corkscrew Crossing Community Development District (the “District”) Regular Board Meeting of November 9, 2023, was called to order at 1:00 p.m. the Valencia Bonita Clubhouse located at 16621 Valencia Bonita Boulevard, Bonita Springs, Florida 34135.

PROOF OF PUBLICATION

Proof of publication was presented which showed that notice of the Regular Board Meeting had been published in the Fort Myers News Press on November 1, 2023, as legally required.

ESTABLISH A QUORUM

A quorum was established with the following Supervisors in attendance:

Chairman	John Asher	Present	
Vice Chairman	Craig Callis	Present	
Supervisor	Maria Menendez	Absent	
Supervisor	Richard Norwalk	Present	
Supervisor	Larry Portnoy	Absent	

Staff presented included the following:

District Manager	Kathleen Meneely	Special District Services, Inc.	
District Counsel	Kyle McGee (via phone)	Kutak Rock	
District Engineer	Ted Tryka	Agnoli Barber & Brundage, Inc.	

Also present was Clayton Ratliff of GL Homes.

ADDITIONS OR DELETIONS TO AGENDA

There were no additions or deletions to the agenda.

COMMENTS FROM THE PUBLIC FOR ITEMS NOT ON THE AGENDA

There were comments from the public for items not on the agenda.

APPROVAL OF MINUTES
July 13, 2023, Public Hearing & Regular Board Meeting

The minutes of the July 13, 2023, Public Hearing & Regular Board Meeting were presented for Board consideration.

A motion was made by Mr. Norwalk, seconded by Mr. Asher and passed unanimously approving the minutes of the July 23, 2023, Public Hearing & Regular Board Meeting, as presented.

OLD BUSINESS

There were no Old Business items to come before the Board.

NEW BUSINESS
Consider Resolution No. 2023-09 – Adopting a Fiscal Year 2022/2023 Amended Budget

Resolution No. 2023-09 was presented, entitled:

RESOLUTION NO. 2023-09

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE CORKSCREW CROSSING COMMUNITY DEVELOPMENT DISTRICT AUTHORIZING AND ADOPTING AN AMENDED FINAL FISCAL YEAR 2022/2023 BUDGET (“AMENDED BUDGET”), PURSUANT TO CHAPTER
189, FLORIDA STATUTES; AND PROVIDING AN EFFECTIVE DATE.

A motion was made by Mr. Norwalk, secondee by Mr. Ashers and passed unanimously adopting Resolution No. 2023-09, as presented.

ADMINISTRATIVE MATTERS

Ms. Meneely went over the upcoming meeting schedule and stated that she would get with Mr. Ratliff regarding the most appropriate months to hold the proposed budget and budget public hearings.

Mr. Tryka stated that pay application #1 was being processed and Mr. Asher stated that payout #2 would be ready shortly. There was general discussion on the turnover of lakes and utilities. Mr. Norwalk asked how long until all were conveyed and Mr. Asher opined that he thought it would be mid-next year as Phase 3 was being worked on now. Ms. Meneely pointed out that the turnover of the lakes was not accounted for in this year’s budget so a developer funding agreement would be necessary to pay for maintenance if the timing is during the current fiscal year. Mr. Ratliff indicated that he would follow up with Mr. Johnson on the issue.

BOARD MEMBER COMMENTS

There were no further comments from the Board Members.
ADJOURNMENT
There being no further business to come before the Board, the Regular Board Meeting was adjourned at 1:08 p.m. on a motion made by Mr. Asher, seconded by Mr. Callis and passed unanimously.

ATTESTED BY:

Secretary/Assistant Secretary	Chairperson/Vice-Chair

RESOLUTION 2024-01

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE CORKSCREW CROSSING COMMUNITY DEVELOPMENT DISTRICT APPROVING A PROPOSED BUDGETS FOR FISCAL YEAR 2024/2025 AND SETTING A PUBLIC HEARING THEREON PURSUANT TO FLORIDA LAW; ADDRESSING TRANSMITTAL, POSTING AND PUBLICATION REQUIREMENTS; ADDRESSING SEVERABILITY; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the District Manager has heretofore prepared and submitted to the Board of Supervisors (“Board”) of the Corkscrew Crossing Community Development District (“District”) a proposed budget (“Proposed Budget”) for the fiscal year beginning October 1, 2024 and ending September 30, 2025 (“Fiscal Year 2024/2025”); and
WHEREAS, the Board has considered the Proposed Budget and desires to set the required public hearing thereon.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE CORKSCREW CROSSING COMMUNITY DEVELOPMENT DISTRICT:
PROPOSED BUDGET APPROVED. The Proposed Budget prepared by the District Manager for Fiscal Year 2024/2025 attached hereto as Exhibit A is hereby approved as the basis for conducting a public hearing to adopt said Proposed Budget.

SETTING A PUBLIC HEARING. A public hearing on said approved Proposed Budget is hereby declared and set for the following date, hour and location:
DATE:		August 8, 2024	

HOUR:		1:00 p.m.	
LOCATION:	River Creek Sales Office	 12776 Springbrook Court  Estero, Florida 33928	
TRANSMITTAL	OF	PROPOSED	BUDGET	TO	LOCAL	GENERAL	PURPOSE
GOVERNMENT. The District Manager is hereby directed to submit a copy of the Proposed Budget to the Village of Estero and Lee County at least 60 days prior to the hearing set above.
POSTING OF PROPOSED BUDGET. In accordance with Section 189.016, Florida Statutes, the District’s Secretary is further directed to post the approved Proposed Budget on the District’s website at least two days before the budget hearing date as set forth in Section 2, and shall remain on the website for at least 45 days.

PUBLICATION OF NOTICE. Notice of this public hearing shall be published in the manner prescribed in Florida law.
SEVERABILITY. The invalidity or unenforceability of any one or more provisions of this Resolution shall not affect the validity or enforceability of the remaining portions of this Resolution, or any part thereof.
EFFECTIVE DATE. This Resolution shall take effect immediately upon adoption.

PASSED AND ADOPTED THIS 9th DAY OF May, 202y43.
ATTEST:	CORKSCREW CROSSING COMMUNITY DEVELOPMENT DISTRICT

Secretary / Assistant Secretary	Chair/Vice Chair, Board of Supervisors
Exhibit A:	Proposed FY 2024/2025 Budget

Corkscrew Crossing Community Development District

Proposed Budget For Fiscal Year 2024/2025
October 1, 2024 - September 30, 2025

CONTENTS

PROPOSED BUDGET

II	DETAILED PROPOSED BUDGET

Ill	DETAILED PROPOSED DEBT SERVICE FUND BUDGET

IV	ASSESSMENT COMPARISON

PROPOSED BUDGET
CORKSCREW CROSSING COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2024/2025
OCTOBER 1, 2024 - SEPTEMBER 30, 2025

REVENUES	
FISCAL YEAR 2024/2025 BUDGET	
O&M (Operation & Maintenance) Assessments	238,026	
Developer Contribution	0	
Debt Assessments	876,986	
Other Revenue	0	
Interest Income	480	
		
TOTAL REVENUES	$	1,115,492	
		
EXPENDITURES		
Administrative Expenditures		
Supervisor Fees	0	
Management	37,080	
Legal	29,000	
Assessment Roll	5,000	
Audit Fees	4,400	
Arbitrage Rebate Fee	650	
Insurance	6,000	
Legal Advertisements	2,750	
Miscellaneous	1,350	
Postage	200	
Office Supplies	1,400	
Dues & Subscriptions	175	
Website Management & ADA Compliance	3,000	
Trustee Fees	4,100	
Continuing Disclosure Fee	1,000	
Total Administrative Expenditures	$	96,105	
		
Maintenance Expenditures		
Engineering/Inspections	6,000	
Miscellaneous Maintenance	1,000	
Landscaping	0	
Preserve Maintenance	91,000	
Lake Littoral Maintenance	6,800	
Lake Maintenance	14,100	
Lake Native Grass Maintenance	11,600	
Total Maintenance Expenditures	$	130,500	
		
Total O&M Expenditures	$	226,605	
		
REVENUES LESS EXPENDITURES	$	888,887	
		
Bond Payments	(833,137)	
		
BALANCE	$	55,750	
		
County Appraiser & Tax Collector Fee	(11,150)	
Discounts For Early Payments	(44,600)	
		
EXCESS/ (SHORTFALL)	$	

DETAILED PROPOSED BUDGET
CORKSCREW CROSSING COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2024/2025
OCTOBER 1, 2024 - SEPTEMBER 30, 2025

REVENUES	
FISCAL YEAR 2022/2023 ACTUAL	
FISCAL YEAR 2023/2024 BUDGET	
FISCAL YEAR 2024/2025 BUDGET	

COMMENTS	
O&M (Operation & Maintenance) Assessments	0	248,435	238,026	Expenditures Less lnteresl/.95	
Developer Contribution	65,906	0	0		
Debt Assessments	0	886,316	876,986	Bond Payments/.95	
Other Revenue	16,796	0	0		
Interest Income	507	240	480	Interest Projected At $40 Per Month	
					
TOTAL REVENUES	$	83,209	$	1,134,991	$	1,115,492		
					
EXPENDITURES					
Administrative Expenditures					
Supervisor Fees	0	0	0		
Management	36,000	36,000	37,080	CPI Adjustment (Capped Al 3%)	
Legal	17,450	30,000	29,000		
Assessment Roll	5,000	5,000	5,000	As Per Contract	
Audit Fees	3,200	4,300	4,400	Accepted Amount For 2023/2024 Audit	
Arbitrage Rebate Fee	0	650	650	No Change From 2023/2024 Budget	
Insurance	5,000	6,000	6,000	FY 2023/2024 Expenditure Was $5,375	
Legal Advertisements	9,637	3,000	2,750	Expenditure Was Higher In 22/23 Due To Bond Issue	
Miscellaneous	540	1,500	1,350	$150 Decrease From 2023/2024 Budget	
Postage	764	200	200	No Change From 2023/2024 Budget	
Office Supplies	1,749	1,500	1,400	Expenditure Was Higher In 22/23 Due To Bond Issue	
Dues & Subscriptions	175	175	175	Annual Fee Due Department Of Economic Opportunity	
Website Management & ADA Compliance	3,000	3,000	3,000	$250 X 12 Months	
Trustee Fees	0	4,100	4,100	Commences In Fiscal Year Following Issuing Of Bond	
Continuing Disclosure Fee	0	1,000	1,000	No Change From 2023/2024 Budget	
Total Administrative Expenditures	$	82,515	$	96,425	$	96,105		
					
Maintenance Expenditures					
Engineering/Inspections	5,662	6,000	6,000		
Miscellaneous Maintenance	0	1,000	1,000		
Landscaping	0	10,000	0	Line Item Eliminated	
Preserve Maintenance	0	105,432	91,000		
Lake Littoral Maintenance	0	0	6,800		
Lake Maintenance	0	14,912	14,100	Lakes Being Conveyed To The District	
Lake Native Grass Maintenance	0	0	11,600		
Total Maintenance Expenditures	$	5,662	$	137,344	$	130,500		
					
Total O&M Expenditures	$	88,177	$	233,769	$	226,605		
					
REVENUES LESS EXPENDITURES	$	(4,968)	$	901,222	$	888,887		
					
Bond Payments	0	(833,137)	(833,137)	2025 P & I Payments	
					
BALANCE	$	(4,968)	$	68,085	$	55,750		
					
County Appraiser & Tax Collector Fee	0	(22,695)	(11,150)	One Percent Of Total Assessment Roll	
Discounts For Early Payments	0	(45,390)	(44,600)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	$	(4,968)	$	-	$		

DETAILED PROPOSED DEBT SERVICE FUND BUDGET
CORKSCREW CROSSING COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2024/2025
OCTOBER 1, 2024 - SEPTEMBER 30, 2025

REVENUES	FISCAL YEAR 2022/2023 ACTUAL	FISCAL YEAR 2023/2024 BUDGET	FISCAL YEAR 2024/2025 BUDGET	

COMMENTS	

Interest Income	
17,328	
100	
500	
Projected Interest For 2024/2025	

NAV Tax Collection	
0	
833,137	
833,137	
Maximum Debt Service Collection	

Bond Proceeds	
872,085	
0	
0		

Total Revenues	
$	889,413	
$	833,237	
$	833,637		

EXPENDITURES					

Principal Payments	
0	
195,000	
205,000	
Principal Payment Due In 2025	

Interest Payments	
136,478	
634,056	
625,806	
Interest Payment Due In 2025	

Bond Redemption	
0	
4,181	
2,831	
Estimated Excess Debt Collections	

Total Expenditures	
$	136,478	
$	833,237	
$	833,637		

Excess/ (Shortfall)	
$	752,935	
$	-	
$		

Series 2023 Bond Information

Original Par Amount = Interest Rate =
Issue Date= Maturity Date =

Par Amount As Of 3/1/24 =

$12,670,000 4.125% - 5.3%
February 2023

May 2053

$12,670,000

Annual Principal Payments Due = Annual Interest Payments Due =

May 1st

May 1st & November 1st

Corkscrew Crossing Community Development District Assessment Comparison

Fiscal Year 2022/2023
Assessment*	Fiscal Year 2023/2024
Assessment*	Fiscal Year 2024/2025
Projected Assessment•	

0 & M Assessment For 50' Single Family Units	
$		
$	448.44		
$	
429.66	
Debt Assessment For 50' Single Family Units	$		$	1,600.00		$	1,583.01	
Total For 50' Single Family Units	$		$	2,048.44		$	2,012.67	

* Assessments Include the Following : 4% Discount for Early Payments
0.5% County Tax Collector Fee 0.5% County Property Appraiser Fee

Community Information: 50' Single Family Units

554

Overall County Fees Percentage Was Lowered From 2% In Fiscal Year 2023/2024 to
1% In 2024/2025

5/1/2024 11 50 AM	IV

Ethics Training

Beginning in 2024, District Supervisors are required to complete four (4) hours of ethics training annually. Below are links to two training sessions that will, upon completion, satisfy the training requirement. Beginning with the 2024 Form 1, District Supervisors will be required to confirm that they have completed the training each year.

State Ethics Laws for Constitutional Officers & Elected Municipal Officers
https://www.youtube.com/watch?v=U8JktIMKzyI
Public Meetings and Public Records Law
https://www.myfloridalegal.com/sites/default/files/Full%2520audio%25 202018%5B2%5D.mp3

Both links can be found on SDS’ website, at www.sdsinc.org/links.

The Florida Association of Special Districts (FASD) also offers a training option through Florida State University’s Florida Institute of Government. If your special district is a member of FASD, the cost for this special district-specific ethics training is $49.00 for each district official.

If your special district is NOT a member of FASD, the cost for this special district-specific ethics training is $79.00 for each district official.
Information on the FASD course can be found at https://www.fasd.com/ethics-for- special-districts.

The Oaks Center · 2501A Burns Road · Palm Beach Gardens, FL 33410-5204	o: 561.630.4922 · f: 561.630.4923 · www.sdsinc.org Additional Offices: Miami · Bonita Springs · Tradition · West Villages · Ave Maria