1-8-14 Agenda - Arlington Ridge CDD

Transcription

ARLINGTON RIDGE
COMMUNITY DEVELOPMENT
DISTRICT
REGULAR MEETING
AGENDA
January 8, 2014
Arlington Ridge Community Development District
6131 Lyons Road, Suite 100●Coconut Creek, Florida 33073
Phone: (954) 426-2105●Fax: (954) 426-2147●Toll-Free: (877) 276-0889
January 2, 2014
Board of Supervisors
ATTENDEES:
Please identify yourself each
time you speak to facilitate
accurate transcription of
meeting minutes.
Dear Board Members:
A Regular Meeting of the Arlington Ridge Community Development District’s Board of
Supervisors will be held on Wednesday, January 8, 2014, at 2:00 p.m., at Fairfax Hall, 4475
Arlington Ridge Boulevard, Leesburg, Florida 34748. The agenda is as follows:
1.
Call to Order/Roll Call
2.
Public Comments
3.
Discussion/Consideration of Long-Term Capital Reserve Study Report Proposal from
Dreux Isaac & Associates, Inc.
4.
Discussion/Consideration of Short-Term Capital Improvement Projects/Proposals
5.
Discussion: Landscape Easement Behind Homes Along Heritage Trail
6.
Discussion: Year in Review
7.
Consideration of Resignation of Supervisor Ian McKeown [Seat 5] (to be provided under
separate cover)
8.
Consideration of Appointment to Fill Unexpired Term of Office [Seat 5] Term Expires
November 2014
Administration of Oath of Office to Newly Appointed Supervisor (the following to be
provided in separate package)
A.
Guide to Sunshine Amendment and Code of Ethics for Public Officers and
Employees
B.
Membership, Obligations and Responsibilities
C.
Financial Disclosure Forms
i.
Form 1: Statement of Financial Interests
ii.
Form 1X: Amendment to Form 1, Statement of Financial Interests
iii.
Form 1F: Final Statement of Financial Interests
January 8, 2014 Regular Meeting Agenda
Page 2
9.
Approval of Minutes
A.
November 13, 2013 Workshop
B.
November 21, 2013 Continued Meeting
C.
December 2, 2013 Workshop
D.
December 2, 2013 Regular Meeting
10.
Other Business
11.
Staff Reports
A.
B.
C.
Attorney
i.
Update: SPE Activities
ii.
Consideration of Ratification of Forbearance Agreement
iii.
Consideration of Ratification of O&M Payment Agreement
iv.
Consideration of Ratification of Lease Agreement
v.
Consideration of Ratification of F&B Funding Agreement Amendment
Manager
i.
Approval of Unaudited Financial Statements as of November 30, 2013
ii.
Operational Report
iii.
NEXT MEETING: February 5, 2014 at 2:00 P.M.
On-Site Administrator
12.
Supervisors’ Requests and Public Comments
13.
Adjournment
Should you have any questions, please do not hesitate to contact me directly at (239) 464-7114.
Sincerely,
Chesley “Chuck” Adams, Jr.
District Manager
FOR BOARD MEMBERS AND STAFF TO ATTEND
BY TELEPHONE:
CALL IN NUMBER: 1-888-354-0094
CONFERENCE ID: 8593810
First Time Reserve Study Report Proposal
Page 1 of 2
DATE:
December 17, 2013 (Proposal is valid for 6 months from this proposal date.)
CLIENT:
4643 Arlington Ridge Boulevard, Leesburg, FL 34748
PROPERTY:
INTRODUCTION:
Dreux Isaac & Associates, Inc. will perform a First Time Reserve Study of the property
listed in this proposal. The Reserve Study Report we prepare for each property will
contain two methods for calculating reserve contributions. The first method, a straight
line component plan, includes a detailed categorized reserve component schedule
which lists every reserve component, its’ current cost, life expectancies, accumulated
cash balance, the unfunded balance and recommended contribution amount. The
second method, a thirty-year cash flow plan, includes the same reserve component list,
but calculates the reserve contribution based on combined reserve expenditures over a
thirty-year period, factoring in interest and inflation.
Each First Time Reserve Study Report will contain a summary of findings and
recommendations, the two methods of calculating reserve contributions previously
described, supporting charts and graphs as well as property photographs and general
reserve information. The report will also comply with auditing guidelines from the
American Institute of Certified Public Accountants, which require full disclosure on the
adequacy of reserves.
SCOPE OF WORK:
On-Site Survey – We will perform an on-site survey of the property listed in this
proposal. While on-site, we will meet with available personnel (manager, maintenance
engineer, board/committee members, etc.) to discuss specific reserve concerns. We
will then identify the reserve components and collect specific information on each
including age, history, quantity and condition. Photographs and measurements will be
taken as needed.
Physical Analysis – We will research relevant background information on the property,
review past reserve related work and, if necessary, contact those involved. We will also
investigate any possible reserve requirements. A takeoff of information will be
performed from available construction drawings. Current repair and/or replacement
costs for each reserve component will be estimated. Useful and remaining life
expectancies for each reserve component will then be projected.
Financial Analysis – We will input current reserve financial data including budget
contributions and fiscal year end balances. From there future reserve contribution
amounts will be calculated. Finally we will analyze, adjust and finalize study findings
and recommendations.
Report Preparation – We will prepare and send to the client two bound and tabbed
color presentation copies of each report and one unbound photocopy of each report.
(Additional color presentation copies are available. Contact our office for cost.) Each
Reserve Study Report will include a summary of recommendations and findings, a
straight line segregated reserve component plan and schedule, a thirty year cash flow
plan and schedule, supporting charts, graphs and property photographs.
DREUX ISAAC & ASSOCIATES, INC. ● 10151 UNIVERSITY BLVD., STE. 323 ● ORLANDO, FL 32817 ● 800.866.9876 ● 407.695.5226 ● FAX 407.695.3865
First Time Reserve Study Report Proposal
December 17, 2013
Page 2 of 2
UPDATE REPORT:
For future years (and budgets) clients who have had a First Time Reserve Study Report
prepared by our firm will have the open-ended option of requesting a Reserve Study
Update Report. In each update report, any reserve related changes made to property
since the time the last report was prepared will be reviewed. Based on the latest
available data, all reserve component costs and life expectancies will be adjusted
accordingly. Current financial data will be entered in and a new analysis will be
performed. The update report will be prepared in our office without an on-site visit.
Future site visits may be recommended when substantial changes are made to the
property and/or to observe the present condition and rate of deterioration of the reserve
components.
FEES:
First Time Reserve Study Fee: $4500.00
First Year Update Fee: $900.00
The First Year Update Fee is an open option for the client, and shown for information
purposes only. Acceptance of this proposal does not include acceptance of the First
Year Update Reports.
FEE PAYMENT:
The First Time Reserve Study fee payment is as follows: 50% is due upon completion
of the on-site visual observation inspection portion of the work. The remaining 50%
balance is due upon the client’s receipt of the pdf. After 30 days, payment will be
considered “past due”. After 90 days, any past-due payment will be considered in
default and the account will be turned over for collection. The client will be responsible
for any and all reasonable costs incurred by Dreux Isaac & Associates, Inc. in the
collection of their unpaid past due fees including attorney fees.
TIME FRAME:
As of this proposal date, the estimated starting time frame for the work proposed will be
in March/April of 2014.
CONTRACTOR:
10151 University Blvd., Suite 323, Orlando, FL 32817
December 17, 2013
Dreux Isaac, President
ACCEPTED:
Date
Authorized Signature
Date
Name (Please Print)
Position/Title
Thank you for the opportunity to present this proposal.
DREUX ISAAC & ASSOCIATES, INC. ● 10151 UNIVERSITY BLVD., STE. 323 ● ORLANDO, FL 32817 ● 800.866.9876 ● 407.695.5226 ● FAX 407.695.3865
Partial Client List
Southeast Florida
1000 Island Boulevard, Aventura
1680 Michigan, Miami Beach
18101 Collins Avenue, Sunny Isles Beach
2080 Ocean Drive, Hallandale
2800 Island Boulevard, Williams Island
4000 Island, Aventura
5000 Bayview, Fisher Island
5100 Bayview, Fisher Island
5600, Miami Beach
70 Park Drive at Bal Harbour, Bal Harbour
7400 Oceanside, Fisher Island
7600 Oceanside, Fisher Island
Acqualina, Sunny Isles
Admiral Towers, Miami Beach
Admirals Cove Master POA, Jupiter
Alexandra Village, Boynton Beach
Andalusia, Coral Gables
Apogee, Miami Beach
Atlantic Coral Harbor, Islamorada
Atlantic II at the Point, Aventura
Atlantic III at the Point, Aventura
Avant Garde, Hallandale
Bayside Village East, Fisher Island
Bayside Village, Fisher Island
Bayview No One, Fisher Island
Bayview No Three, Fisher Island
Bayview No Two, Fisher Island
Beach Club Three, Hallandale Beach
Beach Club Villas II, North Miami Beach
Bel-Aire On The Ocean, Miami Beach
Bellavista Village, Boynton Beach
Biltmore II, Coral Gables
Blue & Green Diamond Master, Miami Beach
Blue Diamond, Miami Beach
Boynton Lakes North, Boynton Beach
Brickell Bay Club, Miami
Brickell East, Miami
Brickell Mar, Miami
Brickell Place Phase II, Miami
Brickell Town House, Miami
Canada House Beach Club, Pompano Beach
Carbonell, Miami
Carrington at Coconut Creek, Coconut Creek
City Place Tower, West Palm Beach
Coastal Towers, Sunny Isles Beach
Coconut Bay Resort, Ft Lauderdale
Coconut Mallory Marina and Resort, Key West
Continuum on South Beach Master, Miami Beach
Continuum on South Beach South Tower, Miami Beach
Coral Ridge Towers South, Ft Lauderdale
Coronado , Aventura
Country Walk Estate Homes, Miami
Country Walk Master, Miami
Country Walk Patio Homes, Miami
Courts Brickell Key, Miami
Courvoisier Courts, Miami
Cypress Bend VII, Pompano Beach
Cypress Head Club, Parkland
Cypress Lake of Martin County, Palm City
Cypress Lakes Master, West Palm Beach
Diamante Village, Boynton Beach
Emerald Pointe Community, Delray Beach
Ensenada, Aventura
Excellente Village, Boynton Beach
Fairways at Mariner Sands, Stuart
Finnish-American Rest Home, Lake Worth
First Sunrise LC, West Palm Beach
Forest Ridge Master, Davie
Gables Point I, Miami
Gables Point II, Miami
Gables Point III, Miami
Gables Point Reclands Master, Miami
Galeria, Miami Beach
Giardino Village, Boynton Beach
Golden Lakes Village A, West Palm Beach
Green Diamond, Miami Beach
Grove Isle, Coconut Grove
Grovenor House, Coconut Grove
Gulfstream, Boynton Beach
Hammocks Community, Miami
Hamptons South, Aventura
Harbor Club South Bldg No 1, Marathon
Harborview, Fisher Island
ICON, Miami Beach
Illustre Village, Boynton Beach
Imagination Farms Community, Davie
Imperial at Brickell, Miami
Jackson Tower Las Olas, Ft Lauderdale
Jade Residences at Brickell Bay, Miami
Jefferson Corners at Heritage Ridge, Stuart
Kings Creek South, Miami
Kings Point Imperial, Sunny Isles Beach
La Tour, Miami Beach
Lago Del Rey 2, Delray Beach
Lago Del Rey Central Maint, Delray Beach
Lago Del Reyminiuim 10, Delray Beach
Lake Emerald, Oakland Park
Lake Tower, Key Biscayne
Lake Villa Three, Key Biscayne
Lake Villa Two, Key Biscayne
Lake Villa, Key Biscayne
Lakeridge Townhomes, Miami
Lakes of the Meadow Master, Miami
Lakes of the Meadow Neighborhoods, Miami
Las Salinas, Key West
Le Club International, Ft Lauderdale
LExcellence, Miami Beach
LHermitage II, Ft Lauderdale
Lucente Village, Boynton Beach
Maison Grande, Miami Beach
Majestic Isles, Boynton Beach
Marbella of Miami, Miami
Marina Village No Three, Fisher Island
Marina Village No Two, Fisher Island
Marina Village, Fisher Island
MarinaBlue, Miami
Mariner Village Gardens, Aventura
Michael-Ann Russell Jewish Community Ctr, N Miami Bch
Millennium, Sunny Isles Beach
Mizner Court, Boca Raton
Mizner Place at Weston Town Center, Weston
Mizner Tower, Boca Raton
Mizner Village Maintenance, Boca Raton
Moorings at Lantana No Three, Lake Worth
Moors Pointe, Miami
Murano Grande at Portofino Master, Miami Beach
Murano Grande at Portofino, Miami Beach
Mystic Pointe Tower 300, Aventura
Mystic Pointe Townhouses, North Miami Beach
Neo Lofts, Miami
Nola Lofts I, Ft Lauderdale
North Tower at the Point, Aventura
Northtree Community, Lake Worth
Nuriver Landing, Ft Lauderdale
Oasis Singer Island, Singer Island
Ocean Club Community, Key Biscayne
Ocean Club Jupiter, Jupiter
Ocean Three, Sunny Isles Beach
Ocean Trail No II, Jupiter
Ocean Two, Sunny Isles Beach
Page 1 of 7
Oceania V, Sunny Isles
Oceanside No Five, Fisher Island
Oceanside No Four, Fisher Island
Oceanside No Three, Fisher Island
Oceanside No Two, Fisher Island
Oceanside, Fisher Island
Old Port Cove Lake Point Tower, N Palm Beach
Old Port Cove Towers, North Palm Beach
One Royal Palm Way, Palm Beach
Palm Beach Shores Resort, Palm Beach Shores
Palm-Aire Country Club No 6, Pompano Beach
Palmetto Place at Mizner Park, Boca Raton
Park Place, Pembroke Pines
Pembroke Cove Apts, Pembroke Pines
Pembroke Falls, Pembroke Pines
Phoenix Towers, Singer Island
Pipers Landing Garden Apts Area Nine, Palm City
Pipers Landing Garden Apts Area Three, Palm City
Pipers Landing POA, Palm City
Pipers Landing, Palm City
Plantation Beach Club, Stuart
Platina Community Master, Boynton Beach
Playa Del Sol, Ft Lauderdale
Plaza Del Prado, North Miami Beach
Plaza of Bal Harbour, Bal Harbour
Poinciana Island Yacht and Racquet Club, Sunny Isles
Porta Bella Yacht & Tennis Club, Boca Raton
Porto Vita POA, Miami
Portofino Tower, Miami Beach
Portofino/South Pointe Master, Miami Beach
Portsview at The Waterways Harbor Towers, Aventura
Portsview at The Waterways Harborside, Aventura
Portsview at The Waterways Master, Aventura
Portsview at The Waterways Tower 1, Aventura
Portsview at The Waterways Townhomes, Aventura
Presidential Place, Boca Raton
Puerta De Palmas, Coral Gables
Quadomain, Hollywood
Regent Park, Hollywood
Resort Villa One, Key Biscayne
Resort Villa, Key Biscayne
Runaway Bay Apts, Ft Lauderdale
Sandy Lane Master, Miami Beach
Sea Air Towers, Hollywood
SeaSide Residences, Key West
Seaside Villas, Fisher Island
Seaside, Fisher Island
Sherwood Lakes, Lake Worth
Shoma Homes Keys Gate, Homestead
Silver Seas Beach Club, Ft Lauderdale
Skyline on Brickell, Miami
Snapper Creek Townhouse, Miami
Snug Harbor Yacht Club, Stuart
South Bay Club, Miami Beach
South Pointe Towers I, Miami Beach
Stratford Arms, Boca Raton
Summerspell, Miramar Beach
Summit Tower, Hollywood Beach
Sunset Harbour North, Miami Beach
Sunset Trace, Palm City
Symphony Master, Ft Lauderdale
The 2100, Palm Beach
The 3560, Palm Beach
The Admirals Walk, Boca Raton
The Amethyst, Miami Beach
The Beresford, Boca Raton
The Carriage Club North, Miami Beach
The Coconut Grove Bayshore, Coconut Grove
The Courtyards at The Point, Aventura
The Courtyards in Cityplace, West Palm Beach
The Crossings, Miami
The Emeraldbay at Key Colony, Key Biscayne
www.dia-corp.com
Partial Client List
The Floridian of Miami Beach, Miami Beach
The Gables and Club, Coral Gables
The Golf Village at Admirals Cove Master, Jupiter
The Jockey Club Apt, Miami
The Lands of The President Two, W Palm Beach
The Loxahatchee Club, Jupiter
The Marina at the Bluffs, Jupiter
The Metropolitan, Miami
The Moors Master Maintenance, Miami
The of Harbour Isles, North Palm Beach
The Palm Yacht Beach Club, Lauderdale By The Sea
The Palms 2100 Master, Ft Lauderdale
The Palms 2100 Tower One, Ft Lauderdale
The Palms 2100 Tower Two, Ft Lauderdale
The Palms 2100 Townhouses, Ft Lauderdale
The Palms of Islamorada, Islamorada
The Parc, Aventura
The Point of Aventura Maintenance, Aventura
The Prado, West Palm Beach
The Ridges Maintenance, Weston
The Tides, Hollywood
The Village of Stuart, Stuart
The Waterfront on the Ocean, Juno Beach
The Yacht Club at Portofino, Miami Beach
The Yacht Club, Aventura
Three Tequesta Point, Miami
Tiffany Lakes, Mangonia Park
Tivoli Trace, Deerfield Beach
Toscano, Miami
Town Park Village No 1, Miami
Turnberry Ocean Colony S Twr, Sunny Isles Beach
Turnberry on the Green, Aventura
Tuscany No 6, Miramar
Vacation Village at Bonaventure Master, Weston
Vacation Village at Bonaventure, Weston
Vacation Village at Weston, Weston
Vacation Village Registration, Weston
Venetia, Miami
Venetian Palms, Miami
Villa Regina, Miami
Village Homes Maintenance, Miami
Waterview, Aventura
Willoughby Community, Stuart
Willoughby Golf Club, Stuart
Windchime Lakes, Boynton Beach
Yorktown POA, Hobe Sound
Southwest Florida
Acadia II, Sun City Center
Acadia, Sun City Center
Admirals Bay, Ft Myers Beach
Admiralty Point, Naples
Aloha Kai, Sarasota
Alta Mar, Ft Myers
Amberwood Lake, Ft Myers
Andover A of Kings Pointe, Sun City Center
Andover B of Kings Point, Sun City Center
Andover C, Sun City Center
Andover D of Kings Point, Sun City Center
Andover E of Kings Point, Sun City Center
Andover F of Kings Point, Sun City Center
Andover G, Sun City Center
Andover H of Kings Point, Sun City Center
Andover I of Kings Point, Sun City Center
Anna Maria, Cape Coral
Ariel, Ft Myers
Avalon Bay, Ft Myers
Bahia Del Sol, Ruskin
Ballantrae, Sarasota
Barefoot Pelican, Naples
Bay Colony Community, Naples
Bay Colony Golf Club, Naples
Bay Colony Shores POA, Naples
Bay Forest, Naples
Bay Harbor Community, Bonita Springs
Bay Harbor, Ft Myers
Bay Hollow, Bradenton
Bay Isles, Longboat Key
Bay Plaza, Sarasota
Bay Pointe at Bonita Bay, Bonita Springs
Bay Village Club, Ft Myers Beach
Bays Bluff, Sarasota
Bayshore Regency, Tampa
Bayshore, Cape Coral
Bayshores of Vanderbilt Beach, Naples
Bayview Homes I, Sarasota
Baywood Colony Southwood Apts I, Sarasota
Beach Terrace, Sarasota
Beach View at Boca Bay, Boca Grande
Beach Villas III, Captiva
Beachway, Sarasota
Bedford A, Sun City Center
Bedford B, Sun City Center
Bedford C, Sun City Center
Bedford D, Sun City Center
Bedford E, Sun City Center
Bedford F, Sun City Center
Bedford G, Sun City Center
Bedford H, Sun City Center
Bedford J, Sun City Center
Beechwood Cove, Sarasota
Bellavista at Gulf Harbour Yacht & Country Club, Ft Myers
Bermuda Club, Ft Myers
Bermuda Pointe, Bonita Springs
Bird Bay Community, Venice
Bird Bay Village Phase 1, Venice
Blackburn Harbor, Osprey
Blind Pass, Sanibel
Boathouse on Longboat, Longboat Key
Boca Bay Master, Boca Grande
Boca Bay Pass Club, Boca Grande
Boca Grande Health Clinic Foundation, Boca Grande
Boca Grande Health Clinic, Boca Grande
Boca Grove, Bradenton
Boca Vista at Burnt Store Lakes, Punta Gorda
Bonita Beach Club, Bonita Springs
Brandywine, Ft Myers
Brenson Mar, Cape Coral
Brookfield, Sun City Center
Brookshire Village I, Ft Myers
Brookshire Village II, Ft Myers
Brookshire Village IV, Ft Myers
Calais at Pelican Bay, Naples
Caloosa Isles II, Ft Myers
Cambridge A, Sun City Center
Cambridge B, Sun City Center
Cambridge C, Sun City Center
Cambridge E, Sun City Center
Cambridge F, Sun City Center
Cambridge H, Sun City Center
Cambridge I, Sun City Center
Cambridge J, Sun City Center
Cambridge K, Sun City Center
Cambridge L, Sun City Center
Cambridge M, Sun City Center
Cane Palm Beach, Ft Myers Beach
Canton Court D, Sun City Center
Captains Bay North One, Ft Myers Beach
Captains Bay North Two, Ft Myers Beach
Captains Bay South, Ft Myers Beach
Page 2 of 7
Captains Harbour, Cape Coral
Cardinal Cove, Ft Myers
Carrington Place, Sarasota
Casa Del Sol, Sarasota
Casa Ybel Beach and Racquet Club Phase IJK, Sanibel
Casa Ybel Resort Limited Partnership, Sanibel
Casarina, Sarasota
Castel Del Mare, Sarasota
Cedar Hammock Golf & Country Club, Naples
Chandlers Forde, Sarasota
Chiltington Court, Naples
Cinnamon Cove Terrace I, Ft Myers
Cinnamon Cove Terrace III, Ft Myers
Clipper Bay, Cape Coral
Clipper Cove Village, Ft Myers
Clipper Cove Village, Punta Gorda
Club Brittany at Park Shore, Naples
Club Harbour, Cape Coral
Club Regency, Marco Island
Cobblestone Court I, Naples
Colonial Wests, Ft Myers
Colony Bay One, Tampa
Condo of Sand Cay, Longboat Key
Coral Del Rio, Cape Coral
Coreys Landing, Longboat Key
Corinth, Sun City Center
Corkscrew Woodlands, Estero
Coronado, Ft Myers
Country Pines of North Fort Myers, N Ft Myers
Countryside Master, Naples
Courtside Landings, Punta Gorda
Courtyard Landings III, Punta Gorda
Courtyard Landings, Punta Gorda
Crescent Arms, Sarasota
Crescent Beach, Marco Island
Crescent Royale, Sarasota
Crossings II at Bonita Bay, Bonita Springs
Cypress Lake Country Club, Ft Myers
Cypress Lake Estates, Ft Myers
Cypress Lake Gardens, Ft Myers
Deer Creek Community, Sarasota
Devonshire, Sun City Center
Dolphin Towers, Sarasota
Dolphin Watch, Ft Myers Beach
Dorchester A of Kings Point, Sun City Center
Dorchester B of Kings Point, Sun City Center
Dorchester C of Kings Point, Sun City Center
Dorchester D of Kings Point, Sun City Center
Eagle Creek Golf & Country Club, Naples
Eagles Nest at Bonita Bay, Bonita Springs
Eagles Nest, Marco Island
Eagles Point at the Landings III, Sarasota
Eden House, Ft Myers Beach
Edinburgh, Sun City Center
Egret Landing at Tampa Bay, San Antonio
Egrets Landing at Bonita Bay, Bonita Springs
Emerald Cove at Cape Coral Community, Cape Coral
Emerald Pointe, Punta Gorda
en Provence, Longboat Key
Enclave at Palmira I, Bonita Springs
Enclave Neighborhood, Bonita Springs
Enclave of Naples, Naples
Englewood Beach, Englewood
Estero Bayside, Ft Myers Beach
Estero Sands, Ft Myers Beach
Fairbourne, Sun City Center
Fairfield A, Sun City Center
Fairfield B, Sun City Center
Fairfield C, Sun City Center
Fairfield D, Sun City Center
Fairfield E, Sun City Center
Fairfield F, Sun City Center
www.dia-corp.com
Partial Client List
Fairfield G, Sun City Center
Fairfield H, Sun City Center
Fairway Bay Common Shared Facility, Longboat Key
Fairway Bay I, Longboat Key
Fairway Bay II, Longboat Key
Fairway Bay III, Longboat Key
Fairway Trace at Peridia II, Bradenton
Fairway Villas Property, North Port
Fairway Woods, Sarasota
Falling Waters Master Rec Facilities, Naples
Falling Waters Master, Naples
First Lido, Sarasota
First Presbyterian Church of Naples, Naples
First United Methodist Church, Ft Myers
Forest Glen Golf & Country Club Master, Naples
Four Winds Marina North, Bokeelia
Four Winds Marina, Bokeelia
Foxfire Community, Naples
Foxmoor, North Ft Myers
Gateway Golf & Country Club, Ft Myers
Glades Golf & Country Club, Naples
Glades Golf and Country Club, Naples
Gladiolus Gardens Rec and Maint, Ft Myers
Gladiolus Gardens Section V, Ft Myers
Gladiolus Gardens Section X, Ft Myers
Gladiolus Gardens Section XI, Ft Myers
Glen Eagle Golf & Country Club, Naples
Glen Oaks Manor Home, Sarasota
Gleneagles IV, Naples
Gloucester A, Sun City Center
Gloucester B, Sun City Center
Gloucester C, Sun City Cetner
Gloucester D, Sun City Center
Gloucester E, Sun City Center
Gloucester F, Sun City Center
Gloucester G, Sun City Center
Gloucester H, Sun City Center
Gloucester J, Sun City Center
Gloucester K, Sun City Center
Gloucester L, Sun City Center
Gloucester M, Sun City Center
Gloucester N, Sun City Center
Gloucester P, Sun City Center
Gramercy, Naples
Grand Bay/LBK Community, Longboat Key
Grand Bay/LBK I, Longboat Key
Grand Bay/LBK II, Longboat Key
Grand Bay/LBK III, Longboat Key
Grand Bay/LBK IV, Longboat Key
Grand Bay/LBK V, Longboat Key
Grand Bay/LBK VI, Longboat Key
Grand Vista at Riverwood, Port Charlotte
Grande Bay at Boca Bay, Boca Grande
Grantham, Sun City Center
Greenbriar VI at Bonita Bay, Bonita Springs
Greengate Community, Ft Myers
Greengate IV, Ft Myers
Gulf Reflections, Ft Myers
Gulf Sandss of Mansota Key, Englewood
Hacienda de Ybor Apt Community, Tampa
Hacienda Villas, Tampa
Hamilton Club, Sarasota
Hammock Isle at Bonita Bay, Bonita Springs
Harbor Isles, Venice
Harbor Place at Peppertree, Ft Myers
Harborshore at Boca Bay, Boca Grande
Harborside at Boca Bay, Boca Grande
Harbortown, Ft Myers
Harbour Court, Longboat Key
Harbour Landings Estates, Cortez
Harbour Landings, Ft Myers
Harbour Links, Ft Myers
Harbour Pointe, Ft Myers Beach
Harbourtowne, Cape Coral
Heather Ridge II of Brookshire, Ft Myers
Heritage Oaks Golf & Country Club, Sarasota
Heritage Palms Golf & Country Club, Ft Myers
Hibiscus Pointe, Ft Myers Beach
Hickory Shores, Bonita Beach
Hidden Harbour One, Ft Myers
High Point Country Club Group Eleven, Naples
High Point Country Club Group Fourteen, Naples
High Point Country Club Group One, Naples
High Point Country Club Group Ten, Naples
High Point Country Club Group Two, Naples
High Point Country Club, Naples
Highgate A, Sun City Center
Highgate B, Sun City Center
Highgate C, Sun City Center
Highgate D, Sun City Center
Highgate E, Sun City Center
Highgate F, Sun City Center
Highgate II, Sun City Center
Highgate III, Sun City Center
Highgate IV, Sun City Center
Highland Woods Golf & Country Club, Bonita Springs
Hudson Harbour, Sarasota
Huntington at Sun City Center, Sun City Center
Huron Cove, Marco Island
Hurricane House, Sanibel
Idlewood, Sun City Center
Inn On The Beach, Longboat Key
Insurance Service of Sarasota, Osprey
Inverness at Sun City Center, Sun City Center
Ironwood Business Park, Sarasota
Island Beach, Ft Myers Beach
Island Pines Recreation, Ft Myers Beach
Island Reef, Ft Myers Beach
Island Winds Bath and Racquet Club, Ft Myers Beach
Jameson, Sun City Center
Japanese Gardens, Venice
Jetty Villas, Venice
Kahlua, Ft Myers Beach
Kelly Greens Community IV, Ft Myers
Kelly Greens Single Family I, Ft Myers
Kelly Greens Terrace V, Ft Myers
Kelly Greens Verandas I, Ft Myers
Kelly Greens Verandas II, Ft Myers
Kelly Greens Verandas III, Ft Myers
Kelly Greens Verandas IV, Ft Myers
Kelly Greens Verandas V, Ft Myers
Kelly Greens Verandas VI, Ft Myers
Kelly Greens Verandas VII, Ft Myers
Kensington, Sun City Center
Key Harbour, Ft Myers
Key Royal, Naples
Kings Point, Sun City Center
Kingsmere, Sarasota
Kingston Arms, Sarasota
Krain Residence, Longboat Key
La Bellasara, Sarasota
La Firenza, Longboat Key
Lake Louise, Cape Coral
Lake Pointe Apts Ltd, Tampa
Lakebridge, Bradenton
Lakemont Cove, Bonita Springs
Lakeshore Village, Sarasota
Lakeside Vista, Ft Myers
LAmbiance at Longboat Key Club, Longboat Key
Lancaster I, Sun City Center
Lancaster II, Sun City Center
Lancaster III, Sun City Center
Lancaster IV, Sun City Center
Laurel Villas, Venice
Page 3 of 7
Le Ciel Park Tower, Naples
LElegance on Lido Beach, Sarasota
Lido Beach Club, Sarasota
Lido Towers, Sarasota
Limetree Beach Resort, Sarasota
Linkside Village I, Port Richey
Little Hickory Bay, Bonita Springs
Longboat Beachcomber, Longboat Key
Longboat Terrace, Longboat Key
Longboat Village, Ft Myers
Longshore Lake Foundation, Naples
Lovers Key Beach Club, Ft Myers Beach
Lyndhurst, Sun City Center
Manchester I, Sun City Center
Manchester II, Sun City Center
Manchester III, Sun City Center
Manchester IV, Sun City Center
Manhattan Palms, Tampa
Mansion La Palma at Bay Colony, Naples
Marina Bay, Longboat Key
Marina Del Sol, Sarasota
Marina North Shore, Punta Gorda
Marina Terrace, Ft Myers
Marina Village at Snug Harbor, Ft Myers Beach
Marinatown Village A, Ft Myers
Mariner Pointe, Sanibel
Mariners Boathouse and Beach Resort, Ft Myers Beach
Mariners Cove, Naples
McGregor Woods, Ft Myers
Meadowlake, Sarasota
Merano at the Colony, Bonita Springs
Meridian at the Oaks Preserve Commons, Osprey
Meridian I at The Oaks Preserve, Osprey
Meridian II at The Oaks Preserve, Osprey
Meridian III at The Oaks Preserve, Osprey
Meridian IV at The Oaks Preserve, Osprey
Meridian V at The Oaks Preserve, Osprey
Meridian VI at The Oaks Preserve, Osprey
Midnight Cove II, Sarasota
Midnight Cove, Sarasota
Miromar Lakes Master, Estero
Mission Lakes of Venice, Venice
Mission Monterey, Ft Myers
Mont Claire at Pelican Marsh, Naples
Myerlee Manor, Ft Myers
Nantucket I, Sun City Center
Nantucket II, Sun City Center
Nantucket III, Sun City Center
Nantucket IV, Sun City Center
Nantucket V, Sun City Center
Naples Four Winds, Naples
Naples Heritage Golf & Country Club, Naples
Naples Lakes Country Club, Naples
New Approach, Ft Myers
North Bay, Boca Grande
North Shore Place, North Ft Myers
North Village, Boca Grande
Office Buildings, LeHigh
Old Bridge Village Co-op, North Ft Myers
Orchid Beach Club Residences, Sarasota
Oxford I, Sun City Center
Oxford II, Sun City Center
Paddle Creek, Ft Myers
Palm Avenue Baptist Tower, Tampa
Palm Harbor Club at Bay Beach, Ft Myers Beach
Palmetto Ridge at the Brooks, Bonita Springs
Park Plaza, Naples
Park Shore Resort, Naples
Park View III, Cape Coral
Pavese GarnerAttorney at Law, Ft Myers
Pavilion Club, Naples
Pelican Bay Foundation, Naples
www.dia-corp.com
Partial Client List
Pelican Cove, Sarasota
Pelican Marsh Golf Club, Naples
Pelican Watch, Ft Myers Beach
Peppertree Bay, Siesta Key
Pine Grove, Ft Myers
Pinebrook-Ironwood Recreation, Bradenton
Pipers Grove, Naples
Plantation Beach Club II, Captiva
Plantation Beach Club III, Captiva
Plantation Beach Club, Captiva
Plantation Beach Club, Port Charlotte
Plantation House, Captiva
Plantation Village of Sanibel, Sanibel
Pointe Estero, Ft Myers Beach
Porta Vecchio at Mediterra Neighborhood, Naples
Portobello, Longboat Key
Ports of Iona, Ft Myers
Portsmith, Sun City Center
Princess Del Mar, Marco Island
Princeton, Sun City Center
Promenade, Longboat Key
Prosperity Point Master, Punta Gorda
Provincetown, Ft Myers
Quail Creek Village Foundation, Naples
Radison I, Sun City Center
Radison II, Sun City Center
Raintree Village No 4, Temple Terrace
Raintree Village POA, Temple Terrace
Reflection Lakes Master, Ft Myers
Reflection Lakes Two, Ft Myers
Regatta Pointe, Palmetto
Regency House, Sarasota
RHC Master, Valrico
River View Villas, Cape Coral
Rivers Edge 2, Ft Myers
Rivers Edge 3, Ft Myers
Riverside Yacht Club Estates, Ft Myers
Riverwalk Cove, Ft Myers
Riviera Club Village, Sarasota
Riviera Club, Ft Myers Beach
Rosewood at the Gardens, Sarasota
Royal Beach Club, Ft Myers Beach
Royal Vista, Cape Coral
Royal Wood Master, Naples
Ruby at Sunstone, Naples
San Carlos Springs, Ft Myers
San Marino Bays, Tampa
Sanctuary I at Longboat Key Club, Longboat Key
Sanctuary II at Longboat Key Club, Longboat Key
Sanctuary III at Longboat Key Club, Longboat Key
Sanctuary IV at Longboat Key Club, Longboat Key
Sandalfoot, Sanibel
Sandpiper Apts, Venice
Sanibel Beach Club, Sanibel
Sanibel Harbour Tower South, Ft Myers
Sanibel Siesta Apt, Sanibel
Sarabande, Sarasota
Sarasota Harbor East Apts, Sarasota
Saturnia Lakes, Naples
Savannah at Turtle Rock, Sarasota
Savannah Trace, Tampa
Sea Isles of Bonita Beach, Bonita Springs
Seagrove at Siesta Key, Siesta Key
Seascape of Little Hickory Island, Bonita Springs
Seawatch, Ft Myers Beach
Senior Friendship Centers, Naples
Senior Friendship Centers, Sarasota
Senior Friendship Centers, Venice
Serenade on Palmer Ranch, Sarasota
Seven Lakes, Ft Myers
Shorewood of Sanibel, Sanibel
Siesta Towers, Sarasota
Silver King, Boca Grande
Silverleaf at Seven Oaks, Wesley Chapel
Smugglers Cove, Ft Myers Beach
Snug Harbor, Sanibel
Solamar, Naples
Somerset Cay, Sarasota
South Bay at Boca Bay, Boca Grande
South Gate Village Green Section Four, Sarasota
South Pointe Villas Master, Ft Myers
South Pointe Villas Phase II, Ft Myers
South Pointe Villas Phase III, Ft Myers
South Pointe Villas Phase IV, Ft Myers
South Seas Club, Captiva
Southampton I, Sun City Center
Southampton II, Sun City Center
Spanish Main Yacht Club, Longboat Key
Spring Lake Community, Ft Myers
Spring Lake II, Ft Myers
Spring Lake, Ft Myers
SRQ Park, Sarasota
St Croix, Sanibel Island
Steamboat Bend East, Ft Myers
Stonebridge Country Club Community, Naples
Stoneybrook Clubside South, Sarasota
Stoneybrook Fairway Verandas I, Sarasota
Stoneybrook Golf & Country Club, Sarasota
Stoneybrook Greens Commons, Sarasota
Stoneybrook Veranda Greens North I, Sarasota
Stoneybrook Veranda Greens North II, Sarasota
Stoneybrook Verandas I, Sarasota
Strawberry Ridge, Valrico
Summerlin Village, Ft Myers
Sundial East, Sanibel
Sundial of Sanibel, Sanibel
Sunrise Bay Resort and Club, Marco Island
Sunset Beach, Longboat Key
Surfrider Beach Club, Sanibel
Surfsong, Ft Myers Beach
Surfwalk, Marco Island
Tamarind Gulf and Bay, Englewood
Tangerine Bay Club, Longboat Key
TBM Properties & Smoot Properties, Ft Myers
Terrace I at Lakeside Greens, Ft Myers
Terrace II at Lakeside Greens, Ft Myers
Terrace III at Lakeside Greens, Ft Myers
Terraverde 1, Ft Myers
Tessera, Sarasota
The Alagon on Bayshore, Tampa
The Bayou, Ana Maria
The Beaches, Longboat Key
The Boardwalk Caper III, Ft Myers Beach
The Boardwalk Caper IV , Ft Myers Beach
The Caper Beach Club, Ft Myers Beach
The Castillian, Longboat Key
The Club at Crystal Lake II, Ft Myers
The Club at Crystal Lake III, Ft Myers
The Club at Crystal Lake, Ft Myers
The Club at Crystal Lake, Ft Myers
The Club Pelican Bay, Naples
The Cottages at South Seas Plantation, Captiva
The Country Club of Naples, Naples
The Embassy House, Sarasota
The Enclave at Fiddlesticks Neighborhood, Ft Myers
The Encore, Sarasota
The Estates at Bay Colony Golf Club, Naples
The Foundation of Pelican Marsh, Naples
The Glasser-Schoenbaum Human Srvcs Ctr, Sarasota
The Grande Riviera, Sarasota
The Habitat, Marco Island
Page 4 of 7
The Hamptons at Bonita Bay, Bonita Springs
The Harbour Club at Lighthouse Bay, Bonita Springs
The Heron at the Sanctuary III, Sanibel
The Isles of Caloosa, Ft Myers
The Isles Recreation, Ft Myers
The Knolls of Kings Point II, Sun City Center
The Knolls of Kings Point III, Sun City Center
The Knolls of Kings Point, Sun City Center
The Landings Carriagehouse, Sarasota
The Landings Racquet Club, Sarasota
The Landings Yacht Golf and Tennis Club, Ft Myers
The Landings, Sarasota
The Miles Building, Ft Myers
The Monaco Beach Club, Naples
The Moorings at Edgewater, Bradenton
The Moorings Country Club, Naples
The Oaks Preserve Management, Osprey
The Olde Hickory Golf & Country Club, Ft Myers
The Olde Hickory Verandas Common, Ft Myers
The Olde Hickory Verandas I, Ft Myers
The Olde Hickory Verandas II, Ft Myers
The Olde Hickory Verandas III, Ft Myers
The Olde Hickory Villas, Ft Myers
The Players Club, Longboat Key
The Regency, Ft Myers
The Sanctuary at Longboat Key Club, Longboat Key
The Sand Caper, Ft Myers Beach
The Sanibel Cottages, Sanibel
The Shore, Longboat Key
The Shores at Gulf Harbour III, Ft Myers
The Somerset, Marco Island
The Strand at Bay Colony, Naples
The Sun Caper, Ft Myers Beach
The Surf Club of Marco, Marco Island
The Venice Golf & Country Club Master, Venice
The Villas at Deer Creek, Sarasota
The Villas at Pinebrook, Bradenton
The Water Club, Longboat Key
The Waterfront at Main Street, Bradenton
The Waterfront, Bradenton
The Waterway, Bradenton
The Woods at Pinebrook, Bradenton
Tortuga Beach Club, Sanibel
Town & River Phase One, Ft Myers
Tremont I, Sun City Center
Tremont II, Sun City Center
Tuckaweye, Bonita Springs
Turtle Rock Community, Sarasota
Tuscana, Sarasota
Tuscany Bay POA, Gibsonton
University Park Community, University Park
Vanderbilt Beach & Harbour Club, Naples
Vanderbilt Gulfside, Naples
Vasari Country Club Master, Bonita Springs
Veinte, Longboat Key
Venice Golf & Country Club, Venice
Viking, Cape Coral
Villa Capri, Ft Myers
Villa Del Mar, Ft Myers Beach
Villa Di Lancia, Longboat Key
Villa La Palma, Naples
Villa Palmeras at Prestancia, Sarasota
Villa Serena, Riverview
Village on Golden Pond at Breckenridge, Estero
Village Walk, Sarasota
Villas on Golden Beach, Venice
Villeroy, Sun City Center
Vistas on Beneva, Sarasota
Vizcaya at Bay Colony, Naples
Water Crest of Falling Waters, Naples
Watercrest, Bradenton
Wedgewood, Sanibel
www.dia-corp.com
Partial Client List
Whiskey Creek Village Green Section Eight, Ft Myers
Whiskey Creek Village Green Section Fourteen, Ft Myers
Whiskey Creek Village Green Section Ten, Ft Myers
Whiskey Creek Village Green Section Two, Ft Myers
Whispering Sands, Sarasota
White Sands Club, Naples
Wilderness Country Club, Naples
Wilderness, Naples
Wildewood Springs, Bradenton
Winding Oaks, Longboat Key
Windsong, Bonita Beach
Woodside Village West, Sarasota
Worthington, Sun City Center
Wyldewood Lakes, Ft Myers
Central Florida
2100 Towers, Cocoa Beach
89 Oceanfront, Ormond Beach
Alhambra at Poinciana, Kissimmee
Alhambra Villas, Kissimmee
Anthem Park, St Cloud
Artesia Townhomes, Cape Canaveral
Artesia, Cape Canaveral
Artisan Club, Celebration
Ashbury Park, Orlando
Aspenwood at Grenelefe, Grenelefe
Baldwin Park Commercial, Orlando
Baldwin Park Commercial-NBD, Orlando
Baldwin Park Commercial-Village Center, Orlando
Baldwin Park Joint Committee, Orlando
Baldwin Park Residential, Orlando
Baldwin Park Residential-Cambridge, Orlando
Baldwin Park Residential-Common, Orlando
Baldwin Park Residential-ISSA 22, Orlando
Baldwin Park Residential-ISSA 28, Orlando
Baldwin Park Residential-Live/Work, Orlando
Baldwin Park Residential-Recreation, Orlando
Baldwin Park Residential-Rey City Homes 2, Orlando
Baldwin Park Residential-Rey City Homes, Orlando
Bali, Winter Garden
Banana Bay, Cocoa Beach
Beachwalker At Harbourside, South Pasadena
Bear Creek Manufactured, Ormond Beach
Bella Playa, Indian Shores
Belleview Biltmore Villas Bayshore, Belleair
Belleview Biltmore Villas Oak, Belleair
Belleview Biltmore Villas South Garden, Belleair
Bermuda Bay Beach, St Petersburg
Bermuda Bay Club, Bradenton Beach
Boca Ciega Residents, Largo
Bouchelle Island I, New Smyrna Beach
Breakaway Trails, Ormond Beach
Bridgewater Neighborhood, Heathrow
Briercliff Commons, Orlando
Brookside Bluff, Zolfo Springs
Bryans Spanish Cove, Orlando
Cabana Club, Clearwater
Cape Caribe, Cape Canaveral
Carefree Country Club, Winter Haven
Caya Costa Community, St Petersburg
Centre Court Ridge, Reunion
Chapman Lakes, Oviedo
Chateaus at Magnolia Pointe, Clermont
Ciega Cove, South Pasadena
Clearwater Key, Clearwater
Coconut Palms Beach Resort II, New Smyrna Beach
Coconut Palms Beach Resort, New Symrna Beach
Colony Surf, Clearwater
Commodore Beach Club, Maderia Beach
Coral Pointe at Harbourside, St Petersburg
Corbett Development, Clearwater
Cranes Roost, Altamonte Springs
Crescent Beach Club Two 8-A LLC, Clearwater
Cristal, Indian Harbour Beach
Cross Creek of Ocoee, Ocoee
Crystal Lake, Palm Harbor
Curlew Landings South, Indian Rocks Beach
Cypress Creek Village Unit Two, Orlando
Cypress Creek Village, Orlando
Cypress Lakes Assoc & Big Cypress Golf, Lakeland
Daytona Beach Riverhouse, Daytona Beach
Devon Green Neighborhood, Heathrow
Dunedin Pines, Dunedin
Edgewater Harbor, Indian Shores
Eloise Pointe Estates, Winter Haven
Emerald Seas, Cocoa Beach
Fairway Village Residents, Largo
Florencia, St Petersburg
Forest Lakes of Cocoa, Cocoa
Forest Lakes, Oldsmar
Fountain Beach, Daytona Beach
Fountain Parke at Lake Mary, Lake Mary
Foxhaven Neighborhood, Orlando
Georgetown East, Safety Harbor
Georgian Inn Beach Club, Ormond Beach
Golfside Villas, Winter Park
Grand Lake Resort, Kissimmee
Greenbriar at Tuscawilla, Winter Springs
Greystone Town Homes, Sanford
Gulf Gate, St Petersburg
Hampton Hills Estates, Debary
Harbor Pointe, Titusville
Hawks Landing at Pelican Bay, Daytona Beach
Heathrow Lakes Maintenance, Heathrow
Heathrow Master, Heathrow
Heathrow Woods, Heathrow
Heritage Crossing, Reunion
Heron Cove, Lake Mary
Hidden Springs, Altamonte Springs
Highlands of Innisbrook, Palm Harbor
Home of Palm Hill, Largo
Hunters Creek Community, Orlando
Hunters Creek Town Center POA, Orlando
Hunters Creek Tract 181, Orlando
Hyde Park, Winter Garden
Images, Kissimmee
Indian River Club, Rockledge
Island Oaks of Merritt Island, Merritt Island
Island Pointe of Merritt Island, Merritt Island
Islander Beach Club, New Smyrna Beach
Jameson Place, Rockledge
Jefferson Green at Anthem Park, St Cloud
Joyce Ann Apts, Pinellas Park
Kingstown Reef, Orlando
Knights Landing Apts, Orlando
Lake Griffin Harbor, Leesburg
Lake Ridge Villas S at Fleming Island, Orange Park
Lake Underhill Ltd, Orlando
Lasereno, Largo
Lauren Manor West, Saint Petersburg
Lemon Tree, Orlando
Lighthouse Shores Townhomes, Ponce Inlet
LOVO, Kissimmee
Madeira Place, Madeira Beach
Madeira Villa North, Ormond Beach
Mai Kai, Orlando
Majestic Park Homes, Seminole
Mandalay Beach Club, Clearwater
Mariners Pass, St Petersburg
Maverick, Ormond Beach
Middlebrook Pines, Orlando
Moontide, New Smyrna Beach
Mt Olive Shores Lot of Polk County, Polk City
Page 5 of 7
Muirfield Village Neighborhood, Heathrow
Normandy, Clearwater
Oak Lake Park I & II, Clearwater
Oaks Landing Ltd, Bartow
Oakwater, Kissimmee
Ocean Beach Club, New Symrna Beach
Ocean Inlet Yacht Club, New Smyrna Beach
Ocean Sands Beach Club, New Symrna Beach
OceanQuest, Ponce Inlet
Oceans Two, Daytona Beach Shores
Oceanside Golf and Country Club, Ormond Beach
Oleander Pointe, Cocoa
One Kapok Terrace, Clearwater
ORBIT, Kissimmee
Osprey Pointe at Dolphin Cay, St Petersburg
Palmas de Majorca, Cocoa Beach
Park Lake Villas, Maitland
Park Maitland Villas, Maitland
Park West of Winter Park, Winter Park
Parkshore Plaza, St Petersburg
Parkway International, Kissimmee
Pasadena Cove, South Pasadena
Patriot Square, St Petersburg
Pelican Bay Yacht Club Bldg A, Gulfport
Pine Ridge at Lake Tarpon Village II, Tarpon Springs
Plantation Bay Community, Ormond Beach
Plantation Village I, Orlando
Poinciana Golf Villas II, Kissimmee
Pointe Alexis Recreation, Tarpon Springs
Pointe West, New Port Richey
Ponce de Leon Towers, New Smyrna Beach
Princess, Madeira Beach
Prospect Towers, Clearwater
Punta Gorda Isles Section 22, Punta Gorda
Ranger (Sailboat Key-Group III), South Pasadena
Redington Towers No 1, Redington Shores
Regency Green Neighborhood, Heathrow
Reunion Grande, Reunion
Riverside of DeBary, DeBary
Riverside, Daytona Beach
Riverwood Plantation, Port Orange
Riverwoods, Titusville
Royal Floridian Resort, Ormond Beach
Royal Harbor POA, Tavares
Ruby Lake, Winter Haven
Salem Square, Palm Harbor
Sand Dunes Oceanfront, Cape Canaveral
Santa Maria, South Pasadena
Savannah, South Pasadena
SC, Ponce Inlet
Scottish Highlands, Leesburg
Sea Havens, Daytona Beach Shores
Sea Villas IV, New Symrna Beach
Sea Villas, New Symrna Beach
Seaport Master, Cape Canaveral
Seaside at Belleair II, Belle Air
Seminole Garden Apts, Sanford
Seminole Hill Villas, Seminole
Seminole Woods Community, Geneva
Seven Eagles, Reunion
Seville 7, Clearwater
Sheoah Highlands, Winter Springs
Shipwatch Seven, Largo
Shorehom By The Sea, New Smyrna Beach
Silver Lake Resort, Kissimmee
Solana Lake, Cape Canaveral
Solana On The River, Cape Canaveral
Solana Shores, Cape Canaveral
South Bay, Orlando
Southpoint of Daytona, Ponce Inlet
Springwood Village, Longwood
Spruce Creek POA, Port Orange
www.dia-corp.com
Partial Client List
St Andrews, Oldsmar
St Tropez IV, Clearwater
Starlight Tower, St Petersburg Beach
Stonebridge Commons Community, Orlando
Stonebridge Maintenance, Heathrow
Strathmore Gate East at Lake St George, Palm Harbor
Sunisands Beach Club, New Symrna Beach
Sunshine on Indian Shores, Indian Shores
Sunshine Towers Apt Residences, Clearwater
Terra, Kissimmee
The Anchorage, Cocoa Beach
The Ashley, Daytona Beach Shores
The Bluffs, Sebring
The Bordeaux, Ocoee
The Cedar Island Club, New Smyrna Beach
The Constellation, St Petersburg Beach
The Courageous, St Petersburg Beach
The Crescent Beach Club at Sand Key Shared, Clearwater
The Crescent Beach Club at Sand Key, Clearwater
The Cypress Pointe Resort at Lake Buena Vista, Orlando
The Cypress Pointe Resort II, Orlando
The Enclave at Orlando, Orlando
The Grand Coquina, Daytona Beach Shores
The Grande Verandahs on the Bay, St Petersburg
The Grande, Orlando
The Great Outdoors, Titusville
The Hamptons, Heathrow
The Intrepid, St Petersburg Beach
The Lakes Villas I, Clearwater
The Mediterranean, Daytona Beach
The Meridian, Cocoa Beach
The Ocean Ritz of Daytona, Daytona Beach
The Oceans Cloverleaf North, Daytona Beach Shores
The of Eden Isle, St Petersburg
The Peninsula, Daytona Beach Shores
The Residences of Winter Park, Winter Park
The Resort on Cocoa Beach, Cocoa Beach
The Sherwin, Daytona Beach Shores
The Springs Community, Longwood
The Townhomes of Lake Seminole No 4, Seminole
The Village at Melbourne, Melbourne
The Villages of Seaport, Cape Canaveral
The Villas at East Park, Orlando
The Weatherly, St Petersburg Beach
Thornton Park Central, Orlando
Tidesfall, Ormond Beach
Tortoise Island, Satellite Beach
Traders Inn Beach Club, Ormond Beach
Trails West, Deland
Tropic Shores, Daytona Beach Shores
Tropic Sun Towers, Ormond Beach
Twenty One Riverside, Cocoa
Ultimar Three, Clearwater
Ultimar, Clearwater
Vacation Village at Parkway, Kissimmee
Vacation Villas at Fantasyworld Two, Kissimmee
Vacation Villas at Fantasyworld, Kissimmee
Venetian Bay Villages, Kissimmee
Ventura Country Club Community, Orlando
Ventura Village, Orlando
Victoria Gardens, DeLand
Victoria Park Community Council, DeLand
Villa Villar, DeLand
Village on the Green I, Clearwater
Villas at Fortune Place, Kissimmee
Vista Lakes Community, Orlando
Vittoria, Treasure Island
Waterford Lakes Community, Orlando
Waterstreet at Celebration, Celebration
Wekiva Village, Apopka
Wesmere, Ocoee
Westshore Place, Indian Shores
Whitley Bay West, Cocoa
Whitley Bay, Cocoa
Wildwood Homes, Winter Springs
Willowbrook Neighborhood, Heathrow
Wimbledon Park No 1, Orlando
Winding Wood IX, Clearwater
Windrush Bay, Tarpon Springs
Wintermere Harbor, Winter Garden
Woodside Village, Clearwater
Yacht & Tennis Club, St Pete Beach
Yale Townhouse Apts, Orlando
Yorkfield Square, DeLand
Northeast Florida
Aliki Gold Coast No One, Flagler Beach
Amberwood at Fleming Island, Jacksonville
Atlantic East, St Augustine
Belleza at Ponte Vedra, Ponte Vedra Beach
Brighton Park, Jacksonville
Brightwater, Jacksonville
Camachee Island 1, St Augustine
Canopy Walk, Palm Coast
Carrington Place at Fleming Island, St Augustine
Cinnamon Beach at Ocean Hammock, Palm Coast
Clearview Townhouses, Jacksonville
Clifton Village, Jacksonville
Colony Reef Club, St Augustine
Crescent Beach Ocean House, St Augustine
Cypress Bridge, Ponte Vedra Beach
Cypress Trace Master, Jacksonville
Deercreek Country Club, Jacksonville
Deermeadows Baptist Church, Jacksonville
Drayton Park, Jacksonville
East Hampton, Jacksonville
Fleming Island Plantation CDD, Orange Park
Florida Club, St Augustine
Golfview, Jacksonville
Greenfield, Jacksonville
Hammock Grove, Jacksonville
Harbour Island at Marsh Landing, Ponte Vedra Beach
Hawthorn, Jacksonville
Horizons at Stonebridge Village I, Jacksonville
Horizons at Stonebridge Village II, Jacksonville
Horizons at Stonebridge Village III, Jacksonville
Jacksonville Golf & Country Club, Jacksonville
Jacksonville Golf & Country Club, Jacksonville
Julington Creek Plantation POA, Jacksonville
Kingston Dunes, St Augustine Beach
Las Palmas on the Intracoastal, St Augustine
Little Bay Harbor, Ponte Vedra Beach
Magnolia Point Community, Green Cove Springs
Mariners Watch, St Augustine
Marsh Landing at Sawgrass I, Ponte Vedra Beach
Marsh Landing at Sawgrass II, Ponte Vedra Beach
Marsh Landing at Sawgrass III, Ponte Vedra Beach
Marsh Landing at Sawgrass IV, Ponte Vedra Beach
Marsh Landing at Sawgrass Master, Ponte Vedra Beach
Marsh Landing at Sawgrass V, Ponte Vedra Beach
Marsh Landing at Sawgrass VI, Ponte Vedra Beach
Marsh Landing at Sawgrass VII, Ponte Vedra Beach
Marsh Landing at Sawgrass VIII, Ponte Vedra Beach
Merrill Pines, Jacksonville
Miravista at Harbortown, Jacksonville
Moultrie Trails, St Augustine
Ocean Breeze (Ocean Beach Club II), Flagler Beach
Ocean Gate Phase 1, St Augustine
Ocean Hammock POA, Palm Coast
Ocean Palms, St Augustine
Ocean Village Club, St Augustine
Ocean Villas, St Augustine Beach
Old Ponte Vedra Beach, Ponte Vedra Beach
Page 6 of 7
Osprey Branch, Jacksonville
Oxford Chase, Jacksonville
Palm Coast Resort, Palm Coast
Pelican Reef, St Augustine
Pier Point South, St Augustine Beach
Pottsburg Crossing, Jacksonville
Quail Point I, Ponte Vedra Beach
Queens Harbour Yacht & Country Club, Jacksonville
Regency Wood, Jacksonville
Royal Pines, St Augustine
Saint Johns NW Commercial POA, St Augustine
Saint Johns NW Master, St Augustine
Saint Johns NW Residential POA, St Augustine
Saint Johns SE Master, St Augustine
Saint Johns-Six Mile Creek North POA, St Augustine
Salt Creek, Ponte Vedra Beach
Sawgrass Island, Ponta Vedra
Sawgrass, Ponta Vedra Beach
Sawmill Lakes Maintenance, Ponte Vedra Beach
Sea Place I, St Augustine
Sea Place III, St Augustine
Sea Place Master, St Augustine
Sea Winds, St Augustine
Seagate North, St Augustine
Seagate, St Augustine
Seaquest, Jacksonville Beach
Seascape, Jacksonville Beach
Seaside at Anastasia, St Augustine Beach
Sebastian Harbor Villas, St Augustine
Six Thousand, Jacksonville
Southern Grove, Jacksonville
Southwood, St Augustine
St Andrews Place, St Augustine
St Augustine Beach and Tennis Club, St Augustine
St Augustine Ocean & Racquet Club, St Augustine
St Augustine Ocean Resort Co-op, St Augustine
St Augustine Shores Service Corp, St Augustine
Stonebridge Village Master, Jacksonville
Summer Grove, Jacksonville
Summer Island, St Augustine
Sweetwater by Del Webb Carriage Homes, Jacksonville
Sweetwater by Del Webb Master, Jacksonville
The Alexandria, Jacksonville
The Amenities for the Residences, St Augustine
The Barefoot Trace, St Augustine Beach
The Conquistador Apts, St Augustine
The Crossings at Cypress Trace, Jacksonville
The Greens, St Augustine
The Hampton Glen at Deerwood, Jacksonville
The Landmark, Jacksonville Beach
The Oakbridge, Ponte Vedra Beach
The Ocean Villas at Serenata Bch, Ponte Vedra Beach
The One Bedrooms at Hammock Beach, Palm Coast
The Overlook at Baymeadows, Jacksonville
The Palms at Marsh Landing, Jacksonville
The Plantation, Ponte Vedra Beach
The Preserve on Anastasia Island, St Augustine
The Ravines Community, Middleburg
The Reserve at Pointe Meadows, Jacksonville
The Residences at World Golf Village, St Augustine
The Residences II at World Golf Village, St Augustine
The Sanctuary at Palm Coast, Palm Coast
The Sawgrass Players Club, Ponte Vedra Beach
The Seasons at Kensington, Jacksonville
The Seasons at Mill Cove, Jacksonville
The Woods Community, Jacksonville
Timber Run, Jacksonville
Turnberry, St Augustine
Villa San Marco, St Augustine
Villas at Marsh Landing, Jacksonville Beach
Villas of Timberlin Parc, Jacksonville
Vista Cove, St Augustine
www.dia-corp.com
Partial Client List
Vistas at Stonebridge Village I, Jacksonville
Windjammer, St Augustine
Wolf Creek, Jacksonville
World Golf Village POA, St Augustine
Florida Panhandle
Association of Southbay by the Gulf, Destin
Bayview Waters, Ft Walton Beach
Beach Colony Resort, Navarre
Beachcrest, Santa Rosa Beach
Breakers East, Destin
Capistrano, Panama City Beach
Cassine Garden Townhomes, Seagrove Beach
Compass Point at Watersound, WaterSound
Compass Pointe II, WaterSound
Crescent Keel, WaterSound
Crystal Dunes, Destin
Dolphin Point, Destin
Eden III, Pensacola
Eden, Pensacola
Emerald Dunes, Destin
Golf Villas at Regatta Bay, Destin
Islander Beach Resort &, Ft Walton Beach
Lands End of Perdido Key, Pensacola
Largo Mar, Panama City Beach
Marina Bay Resort, Ft Walton Beach
Navarre Towers, Navarre
Oceania, Destin
Perdido Sun, Pensacola
Sandpiper Cove, Destin
Seascape Resorts, Destin
Seminole Legends, Tallahassee
Shipwatch, Pensacola
Siesta Key Chapel, Sarasota
Sugar Dunes, Navarre Beach
The Crossings at Watersound, WaterSound
The Palms at Seagrove, Seagrove Beach
The Pearl, Navarre Beach
The Summit, Panama City Beach
Tivoli by the Sea II, Miramar Beach
Tivoli by the Sea III, Miramar Beach
Tivoli by the Sea, Miramar Beach
WaterColor Community, Santa Rosa Beach
WaterColor Gulfside Villas, Santa Rosa Beach
WaterColor Private Residence Club, Santa Rosa Beach
WaterColor Towncenter Community, Santa Rosa Beach
WaterSound Beach Community, WaterSound
WaterSound Beach Gatehouse, WaterSound
Waterview Towers, Destin
Out of State
Commodore Horizontal Property Regime, Hilton Head, SC
Cullasaja Club, Highlands, NC
Cullasaja, Highlands, NC
Laurel Point, Gatlinburg, TN
Ocean Cove Resort at Palmetto Dunes, Hilton Head, SC
Ocean Palms, Hilton Head Island, SC
Southwind at Shipyard, Hilton Head, SC
Southwind II at Shipyard, Hilton Head, SC
Spinnaker at Shipyard, Hilton Head, SC
Sunrise Ridge, Pigeon Forge, TN
The Beach Club, St Simons, GA
The Council Village at Palmetto Dunes, Hilton Head, SC
The Ford Plantation, Richmond Hill, VA
The Plaza in Clayton, Clayton. MO
Vacation Village in the Berkshires, Hancock, MA
Williamsburg Plantation, Williamsburg, VA
Page 7 of 7
www.dia-corp.com
ARLINGTON RIDGE CDD
Year in Review 2013
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Prepared and approved 2013/2014 budget
Hired an On-Site Administrator
Funded new Card Access Program
Funded Restaurant Renovations/Improvements
Bought new exercise equipment
Approved painting of the town center
Sent for bid and approved a new landscaper
Sent for bid and approved a new auditor
In the process of repurposing the computer room
Supported Holiday Gala, Spring Fling and maybe one other thing can't remember,
approved Name that tune for February 2014.
Defined clubs and which activities the CDD will support
MINUTES OF MEETING
ARLINGTON RIDGE
COMMUNITY DEVELOPMENT DISTRICT
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A Workshop of the Arlington Ridge Community Development District’s Board of
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Supervisors was held on Wednesday, November 13, 2013, at 12:30 p.m., in the Arlington
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Ridge Administration Building, 4463 Arlington Ridge Boulevard, Leesburg, Florida 34748.
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Present were:
Michael Ryan
Stephen Smith
Sharon Brown
Dominic Setaro
Ian McKeown
Chair
Vice Chair
Assistant Secretary
Assistant Secretary
Assistant Secretary
Also present were:
Chuck Adams
Jennifer Kilinski
Bill Huck
Ellen Jamason
Jan Carpenter
Robbie Salzman
Art Erickson
David Guy
FIRST ORDER OF BUSINESS
District Manager
District Counsel
Common Bond Capital Partners, LLC
Common Bond Capital Partners. LLC
Special Counsel, Common Bond Capital
Partners, LLC
Florida Leisure Communities
Common Bond Capital Partners
Mr. Adams called the workshop to order at 12:38 p.m., and noted, for the record, that
Supervisors Ryan, Smith, Brown, McKeown and Setaro were present, in person.
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SECOND ORDER OF BUSINESS
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Bond).
Continued
Buyer
Discussion
with
Potential
Mr. Ryan introduced Mr. Bill Huck, of Common Bond Capital Partners, LLC (Common
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Mr. Huck stated that Common Bond and Florida Leisure Communities (FLC) are trying
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to position themselves to acquire the assets discussed at the last meeting, consisting of
ARLINGTON RIDGE CDD
November 13, 2013
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approximately 400 lots, the Welcome Center, golf course and five completed homes.
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indicated that the contract with REDUS is still outstanding. Mr. Huck advised that a meeting
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was held yesterday, with Mr. Nick Sartori, to discuss their contract. Several amendments were
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requested, some of which have to do with a forbearance agreement, which Mr. Huck stressed is
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critical to their decision to move forward and acquire the property.
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He
Mr. Huck recalled that he attended the October 24, 2013 workshop with his partner, Mr.
Mirgoli, and asked those who were not in attendance to introduce themselves.
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Ms. Ellen Jamason, of Common Bond, stated that she has been with the firm since 2012.
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Prior to that, she practiced real estate law for 20+ years. Ms. Jamason indicated that she has
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been on both the business and legal side of real estate and related financing during her career.
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Mr. David Guy advised that he has been with Common Bond since 2012. He previously
worked for Arvida, for about fifteen years, in Miami, Orlando, Tampa and Jacksonville.
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Ms. Jan Carpenter, Special Counsel for Common Bond, stated that she represents issuers
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of public debt, mostly Special Districts, CDDs and state agencies. She noted that she worked
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with Hopping Green & Sams on many districts and has been involved in restructurings in a
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number of CDDs. Ms. Carpenter recalled working with several CDDs that Wachovia was
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involved with, as well as REDUS.
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Mr. Huck reported that the closing would hopefully take place in December. Last week,
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it was articulated, in a letter to Mr. Sartori, that a condition for closing is to negotiate a
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forbearance agreement with the bondholder and the CDD. The parties to the agreement will be
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Common Bond, as the property owner, and the bond trustee, U.S. Bank. U.S. Bank will be
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looking to their counsel, Greenberg Traurig, and the sole bondholder, Oppenheimer Funds
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(Oppenheimer), for direction. Oppenheimer suggested having two separate agreements, one
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between Common Bond and the bondholder and the other between Common Bond and the CDD.
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Mr. Huck explained that the bondholders agreed to the request for a forbearance
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agreement, which collects no bond debt service, from the property that Common Bond owns, for
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a two-year period, which will afford two years of cash flow relief, not debt forgiveness. Mr.
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Huck advised that bond counsel is involved because the bondholders want to ensure that the
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changes they are making will not impair the tax exempt status of the bonds. Counsel will
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determine the best way to handle the agreements.
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November 13, 2013
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Mr. Huck reviewed the essential points of the forbearance agreement. He indicated that
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Common Bond is in contract to buy the property from REDUS, with a proposed closing date of
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December 6. Mr. Huck noted that a request was made to Wells Fargo to extend the date of the
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closing, if necessary, to allow approval of a forbearance agreement, which is a condition to
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closing. Mr. Huck stated that a significant cash and equity commitment must be made to this
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project; thus, two years of cash flow relief is required.
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Mr. Huck pointed out that some of the lots that are part of the contract were lost through
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a tax deed sale that occurred in October; another 39 lots will be up for sale in December, about
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40 in January, and so on. Mr. Huck noted that there is an opportunity to acquire the most
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favorably located parcels at the lowest cost, of which there are 167. In addition, there are four
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parcels that the team decided to redeem prior to their sale, in October, plus five completed
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homes, for a total of 176 parcels; all of those parcels will be included in the forbearance
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agreement.
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Mr. Huck disclosed that there are 77 townhome lots that Common Bond does not feel
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have much value, in the present market; therefore, they do not intend to pay the O&M or debt
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service levies on those lots. The remaining parcels are “in between” and choices will be made,
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in December, January and February, whether to advance money to protect those lots. Those that
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they elect to keep and pay for will become forbearance parcels. Those that are lost to someone
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else will not.
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Mr. Huck advised that Oppenheimer agreed that bond assessments do not have to be paid
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on the forbearance parcels for a two-year period; however, for the current year, tax bills were
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already printed and the assessments are on roll. Mr. Huck stressed the importance of having the
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cash flow relief, this year, with respect to those parcels, and Ms. Carpenter was asked to research
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options. Ms. Carpenter noted that the options depend on the county. Mr. Huck advised that the
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cost is $1,000 per lot and there are at least 175 lots.
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Mr. Huck explained that the Board will be asked to work with the legal experts to hold
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the forbearance parcels off roll and direct bill, to provide cash flow relief. Ms. Carpenter pointed
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out that, by next budget season, the forbearance parcels will have worked themselves out and
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there will be a list, by May or June, of which lots should go on the tax roll and which are subject
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to forbearance.
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ARLINGTON RIDGE CDD
November 13, 2013
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Mr. Huck indicated that some of the parcels that Common Bond loses will end up in
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other hands. The owners will either pay tax bills by April 1, 2014 or not. If they do not, those
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parcels will come up for tax certificate sale and Common Bond may purchase them; if they do,
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the parcels will become forbearance parcels.
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Mr. McKeown stated that, assuming that the deal with REDUS is for 400 lots and
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Common Bond likes 300, 50 remain in question and 50 would not be purchased. He asked if
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Common Bond will take fee title to 300 and leave the other 100 behind or take 400 from REDUS
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and decide what to do with the other 100 at a later date.
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Ms. Jamason explained that Common Bond is required to purchase everything. Some of
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the parcels are subject to tax deed sales and, in order to keep them after they own them, Common
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Bond must redeem the tax certificates. Mr. McKeown asked if there is a side deal not to true up
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all of the taxes on those questionable lots when the deal closes. Mr. Huck stated that there are no
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side deals. Mr. McKeown pointed out that, typically, all real estate taxes are pro-rated once the
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closing takes place. Ms. Carpenter advised that Common Bond is taking on the obligation for
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everything.
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Mr. Huck explained that about 440 lots were subject to the REDUS contract; of those, 40
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were already lost, which brings the total to 400. Another 40 will be sold in December and
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Common Bond may protect some of them by redeeming them. There are 175 core lots that were
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only subject to delinquencies for one year. The core lots, subtracted from 400, leaves 225 lots.
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Subtracting the 75 that are townhomes or attached lots leaves 150.
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question and, of those, 40 come up for sale in December, 40 in January and some are not
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scheduled at all. The variability is related to the 150 lots.
About 150 lots are in
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Mr. Huck noted that the CDD is not required to collect the payments that are deferred,
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nor would they be required to pursue foreclosure. Common Bond will be making payments on
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the forbearance parcels that they own and will agree to keep current the taxes, O&M levies and
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ad valorem taxes. Anything that is acquired by Common Bond later will be kept current, as well.
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Ms. Carpenter noted that, if the platted parcels come off the tax roll, it can help cash flow
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because it eliminates the three month “window” that must be escrowed in the beginning of the
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year.
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With respect to the golf course, Mr. Huck indicated that the golf course bond levies are
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collected off roll, so immediate cash flow relief will be sought. Oppenheimer requested that
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ARLINGTON RIDGE CDD
November 13, 2013
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Common Bond’s promises be secured by a mortgage so that they do not have to foreclose on the
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assessment liens as a way of controlling the property.
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Ms. Carpenter stated that, even if the District is not part of the agreement with
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Oppenheimer, the District needs to get direction from the trustee saying, “Yes, we want you to
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do this and we have come to an agreement” but the District must also agree to process the lien
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releases and mortgage releases, if they have those on the single family lots.
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Mr. Huck indicated that Common Bond will seek relief from the District to waive the
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$24,474 levy on the golf course, until the golf course becomes profitable, since they will be
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investing money in the golf course, as well as other aspects of the community. Ms. Kilinski
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stated that, from the Board’s perspective, it is a business matter regarding the economics of
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scale; the $24,474 O&M assessment in relation to the use of the storage space. Ms. Kilinski
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noted that she is always sensitive to the levy of the O&M assessment; therefore, if the District
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were to sign a simple lease agreement with Common Bond, where Common Bond pays their
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assessment and the District pays $24,474 for the lease of that space, the assessment remains in
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place and the District is not subjecting itself to not assessing that piece of property.
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Ms. Brown asked if the offset for the O&M assessment would be ongoing. Mr. Huck
requested that the O&M assessment remain off roll for at least two years.
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Ms. Carpenter explained that Common Bond will make many investments, particularly
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with respect to the golf course, which will benefit the entire community. They will maintain the
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ponds on the golf course and provide other benefits, as well.
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With regard to pond maintenance, Mr. Erickson clarified that those that are in play will
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be mowed; if they are not in play, they will be allowed to remain natural. In response to a
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question from Ms. Carpenter, Mr. Adams explained that the golf course maintains the ponds and,
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historically, the CDD has released them from paying a portion of the O&M because they provide
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some of the maintenance and house that part of the stormwater system within the confines of the
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golf course.
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Ms. Carpenter inquired about how the O&M is assessed on the golf course. Mr. Adams
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advised that it is a portion of certain overhead costs within the “Professional and Admin” part of
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the budget only.
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With regard to estoppel certificates and mortgage releases, Mr. Adams confirmed that the
CDD is required to provide estoppel certificates.
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ARLINGTON RIDGE CDD
November 13, 2013
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With regard to the golf course and restaurant, Mr. Huck conveyed Common Bond’s
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feeling that keeping things as they are and not changing management or staff is the best course of
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action. If changes are required down the road, they will be discussed. In response to a question
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from Ms. Brown, Mr. Huck indicated that Century Golf will remain.
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With regard to the CDD’s food and beverage management agreement with Century Golf,
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for management of the restaurant, Mr. Smith recalled that, upon the sale of the property, the
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CDD has the right to cancel the agreement without paying the $75,000 fee. Mr. Smith asked if
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the District loses that right if it is not exercised upon the sale. Ms. Kilinski recalled that, at the
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end of three years, the District has paid the $75,000 and, once the three-year term is met, the
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agreement may be terminated at any time. Mr. Smith stressed that, whenever the agreement is
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cancelled, the CDD does not want to have to pay $75,000. Mr. Smith pointed out that the
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agreement is for a five-year term, rather than three years. Ms. Carpenter indicated that she will
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review the terms of the agreement.
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Ms. Kilinski discussed the option of a one-page acknowledgement indicating that the sale
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occurred and the District is not exercising its right to terminate; however, if the District decides
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to exercise its right to terminate, in the future, the District will not pay $75,000.
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Referencing direct bill for O&M assessments, Mr. Smith recalled that, in the forbearance
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agreement, with regard to the bond debt, Common Bond will obtain agreement from the
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bondholder/trustee that foreclosure will not be exercised during the forbearance period. Mr.
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Smith questioned how the District is affected if Common Bond does not pay. Ms. Kilinski
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explained that there are two different assessment liens and it will not prevent the District from
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foreclosing on the O&M.
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Mr. McKeown asked if Common Bond’s proposal, to date, is exclusive of the third phase.
Mr. Huck replied it is not part of the deal with REDUS.
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Discussion ensued regarding the December meeting date.
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In response to a question from Mr. McKeown, Mr. Huck acknowledged that the most
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important factor in making a deal is the forbearance on the debt service, which has been
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discussed with Oppenheimer.
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With regard to the debt service for 2014, Mr. Adams explained that the District may be
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able to submit an Errors and Omission (E&O) to the county and request an after-the-fact
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correction, which nets out the remaining tax bill. Mr. McKeown inquired about associated legal
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ARLINGTON RIDGE CDD
November 13, 2013
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costs. Mr. Adams explained that, if the tax collector confirms his agreement, through the county
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attorney’s review, the CDD will correct the lien roll. Mr. Huck pointed out that Oppenheimer
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advised that bond funds are available for some of the admin costs.
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Mr. Adams confirmed that a workshop will be held on Monday, December 2 at 11:00
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a.m., and the Regular Meeting will take place at 2:00 p.m., on the same day.
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Mr. Setaro asked if Century Golf is amenable to staying on.
Mr. Guy replied
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affirmatively. Ms. Brown asked if Century Golf will also be running the golf course. Mr. Guy
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indicated that Common Bond prefers not to make any quick changes.
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Mr. Smith asked if any thought was to comparable homes and a schedule for building.
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Mr. Erickson stated that they have given it a great deal of thought. The product will be similar to
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what exists now and in SummerGlen; he wants to begin quickly. It was noted that the biggest
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challenge is the “taint” on the community, which must be overcome by remarketing the
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community and establishing it as a great place to be. Ms. Brown voiced her opinion that it will
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be a quick turnaround.
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***The meeting recessed at 2:05 p.m.***
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***The meeting reconvened at 2:20 p.m.***
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Mr. Adams reconvened the workshop and indicated, for the record, that all Supervisors
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were still present.
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THIRD ORDER OF BUSINESS
Committed Reserve Review
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capital items, such as painting the buildings, resurfacing the pools and spa and those items for
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which funds are amortized over a five-year period to avoid a one-time cost.
Mr. Adams stated that Staff is seeking input from the Board with regard to continuing
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Mr. McKeown suggested that, based on the shortlist, Mr. Adams should advise the Board
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what items are typically on the list, by category of estimated life. At that point, the Board should
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give Staff direction to obtain quotes to determine what it will take to complete the projects and,
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from that standpoint, begin allocating budget money and consider what will be locked into a
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reserve.
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Ms. Kilinski noted that a number of districts commissioned a reserve study. The facilities
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are reviewed and the life span is determined, as well as the amount that should be budgeted for
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capital reserve.
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ARLINGTON RIDGE CDD
November 13, 2013
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Mr. Setaro asked when the monies will be appropriated. Ms. Kilinski explained that,
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typically, a capital reserve study will advise how much to appropriate, on a yearly basis. Mr.
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Setaro clarified that he was referring to appropriating the funds that were left over from striping,
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painting and repairs. Mr. Adams suggested waiting until after January 1 to prepare a budget
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amendment.
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Mr. Adams stated that he will request a proposal for a reserve study to look at short and
long-term capital projects. It will be presented to the Board for consideration.
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Mr. Smith requested that Mr. Adams obtain an estimate to extend the white vinyl fence
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from where the golfers tee off at #1 to the garden area. Presently, there are no lots; however, in
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the future, the developer may consider sharing the cost with the CDD.
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Ms. Brown requested an update regarding the Operations Manager position. Mr. Adams
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reported that he received about 12 resumes and two or three applicants have property manager
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experience. He and Mr. Ryan will convene as the hiring committee on Monday.
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Ms. Brown noted that a resume was received from a resident and resident applicants were
never addressed by the Board.
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FOURTH ORDER OF BUSINESS
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2013 at 12:30 p.m., at this location.
Long-Term
Capital
Replacement
Planning Projects and Funding Goals (no
materials)
This item was discussed during the Third Order of Business.
FIFTH ORDER OF BUSINESS
Adjournment
There being no further business, the workshop was continued to Thursday, November 21,
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November 13, 2013
_____________________________
Secretary/Assistant Secretary
______________________________
Chair/Vice Chair
9
MINUTES OF MEETING
ARLINGTON RIDGE
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A Continued Meeting of the Arlington Ridge Community Development District’s Board
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of Supervisors was held on Thursday, November 21, 2013, at 12:30 p.m., in the Arlington
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Ridge Administration Building, 4463 Arlington Ridge Boulevard, Leesburg, Florida 34748.
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Present were:
Michael Ryan
Stephen Smith
Sharon Brown
Dominic Setaro
Chair
Vice Chair
Assistant Secretary
Assistant Secretary
Also present were:
Chuck Adams
Jennifer Kilinski
Deanna Cox
Scott Simmons
District Manager
District Counsel
Applicant
Applicant
Mr. Adams called the meeting to order at 12:30 p.m., and noted, for the record, that
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Supervisors Ryan, Smith, Brown and Setaro were present, in person. Supervisor McKeown was
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not present.
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Mr. Adams stated, for the record, that the Continued Meeting was being held in the
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Administration Building and a notice was posted at Fairfax Hall, indicating the meeting location.
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
Candidate Interviews
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***This item was an addition to the agenda.***
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Mr. Adams stated that the primary purpose of the meeting was to interview the shortlist
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of candidates that the Hiring Committee reviewed and recommended at their meeting on
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Monday, November 18. The shortlist consists of Mr. Scott Simmons, Ms. Deanna Cox and Ms.
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Angela de Leon-Smith. Mr. Adams advised that Ms. De Leon-Smith could not attend today’s
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meeting; however, the other two candidates were present and waiting to be interviewed.
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Ms. Cox was asked to join the workshop.
ARLINGTON RIDGE CDD
November 21, 2013
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Mr. Ryan introduced himself, the Board and Staff. He asked Ms. Cox if she was familiar
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with the Community Development District concept. Ms. Cox stated that she was somewhat
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familiar since she comes from city government. She advised that she was the H.R. Manager for
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the Town of Lady Lake and, then, H.R. Director for the City of Wildwood. Both communities
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dealt with many boards, committees and districts, as each commissioner was assigned to a
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district. Ms. Cox noted that she was not afraid to learn or to “dig in” and conduct research. She
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explained that Wildwood was getting ready to re-district the voting precincts because of the new
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Brownwood Town Square, in The Villages, which she would have been involved in, had she not
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resigned.
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Mr. Smith inquired about Ms. Cox’s responsibilities at each place of employment. Ms.
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Cox indicated that she was responsible for hiring, terminations, benefits correspondence, risk
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management, annual negotiations with insurance carriers, choosing vendors, presenting results to
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the commission, workers compensation presentations and rate comparisons and medical, dental
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and life insurance research. Ms. Cox stated that she was an advocate for both the employer and
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the employees. She also handled new hire reporting and EEOC claims and was about to take
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over pending litigation.
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Mr. Smith inquired about Ms. Cox’s hiring responsibilities. Ms. Cox advised that her
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company had 91 employees and the Town of Lady Lake had 107. She completed all background
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checks, new hire reporting, payroll setup, advertising and interviewed prospective employees
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along with the department head.
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Ms. Brown asked if Ms. Cox was in a supervisory position. Ms. Cox explained that she
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had no one working for her at Wildwood; however, she oversaw the three utility billing
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department employees. At Lady Lake, Ms. Cox supervised two employees, an H.R. Assistant
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and a part-time Administrative Assistant.
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Manager and supervised 11 employees.
At Custom Windows, Ms. Cox was the Office
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Ms. Cox discussed her responsibilities at Custom Windows. She advised that she would
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not have left her position there if the Wildwood office had not closed and moved to Ocala. Ms.
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Cox commented that she is a “hometown” girl and likes the feel of knowing the person sitting
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across the table. She stressed her versatility and that she will work until the job is completed.
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Ms. Brown asked Ms. Cox about her perception of the job duties for this position. Ms.
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Cox voiced her understanding that she would serve as liaison between Terra Management and
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November 21, 2013
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the community, relay resident concerns to upper management, handle activities held in the Town
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Center and bring activities to the community, such as a food truck night or fund raising for a
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good cause.
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Ms. Cox advised that Fairfax Hall is available for rental and she was involved with
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renting the facilities at Wildwood and the Town of Lady Lake. She noted that Wildwood has
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three community buildings and she scheduled and set up events.
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Mr. Setaro inquired about Ms. Cox’s computer skills. Ms. Cox indicated that she is
proficient with Excel, Word, PowerPoint, email, Google, etc.
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Ms. Brown asked how Ms. Cox would handle a disgruntled resident. Ms. Cox explained
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that she would listen to the complaint, assess the proper solution and follow up. Ms. Cox also
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advised that she works well under pressure and she is very detail oriented.
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In response to a question from Mr. Smith, Ms. Cox discussed her move from Indiana to
Florida and provided a brief history of her employment.
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Mr. Setaro asked Ms. Cox about her experience with procurement, such as contractor’s
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bids. Ms. Cox explained that she worked for Custom Design Laminates, for six years. The
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company built custom cabinetry for gas stations, 7-11’s, etc. Ms. Cox was instrumental in
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ensuring that the contracts were correct and that the pricing was completed. She also reviewed
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contracts when working for the government. Ms. Cox conveyed that she was never involved
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with contracts for builders. Mr. Setaro clarified that he was referring to the facilities in the Town
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Center, for services such as pressure washing, painting, etc. Ms. Brown explained that Mr.
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Setaro was referring to the bid process and negotiations. Ms. Cox stated that, at Lady Lake and
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Wildwood, three bids were required and she reviewed the bids for accuracy and content.
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Ms. Brown inquired about Ms. Cox’s availability and desired compensation. Ms. Cox
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noted that the advertisement did not address compensation and she is available immediately. She
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drove to Arlington Ridge the day after the ad came out, met Ms. Mehrmann and felt that it
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“clicked”.
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Ms. Brown asked about Ms. Cox’s experience at the front gate. Ms. Cox indicated that
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she advised the guard that there was an ad in the newspaper and she was applying for the
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position; she wanted to see if Mr. Adams was in the office. Ms. Brown asked if the guard
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requested identification. Ms. Cox replied affirmatively.
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ARLINGTON RIDGE CDD
November 21, 2013
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Ms. Brown asked Ms. Cox what her previous salary was and how much she was
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requesting. Ms. Cox asked the salary range. Ms. Brown indicated that the Board cannot provide
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a salary because it must be voted on. Ms. Cox inquired about benefits. Mr. Adams advised that
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the initial discussions were that no insurance benefits would be provided; the employee would
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receive two weeks of paid vacation at the end of one year, through year three or five, and then
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increase by one week, going forward. Ms. Cox commented that not having benefits would
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definitely change her salary requirements. She stressed that she definitely wants benefits and has
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always carried the insurance for herself and her husband, for dental, medical and vision. Ms.
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Cox stated that her minimum salary requirement is $50,000 per year. She voiced her opinion
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that she has a lot to bring to the table and that it would be a good fit.
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Ms. Cox left the meeting.
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Mr. Scott Simmons jointed the meeting. Mr. Ryan stated that the Board was interviewing
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for the position of an on-site administrator. He indicated that Arlington Ridge is a Community
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Development District that manages the infrastructure of the community and the Board’s job is to
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protect the assets of the community.
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Mr. Ryan inquired about what Mr. Simmons knows about Arlington Ridge.
Mr.
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Simmons stated that he viewed the website, read previous CDD minutes and monthly newsletters
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and toured the community.
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Mr. Simmons stated that he has been in the hospitality industry for 30 years. He began
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his career in food and beverage and worked his way up to the General Manager of different
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hotels. Mr. Simmons moved to the area because his mother passed away and he is caring for his
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father; they are living at the country club outside of The Villages.
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Ms. Brown asked about the hospitality company that Mr. Simmons was working for. Mr.
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Simmons explained that it is a family-owned corporation located in Ocala. The family owns
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three hotels, which Mr. Simmons oversaw, as well as a five-star restaurant located on top of one
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of the hotels. Mr. Simmons managed the general managers in each location and he was the
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owner’s representative, in charge of the assets and the operations. Three general managers
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reported to him and there were about 150 employees.
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employees.
In Islamorada, the hotel had 300
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Ms. Brown asked if it was Mr. Simmons’ decision to leave his last position. Mr.
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Simmons replied affirmatively. He explained that it was supposed to be a 90-day job because
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the owner was going overseas and needed someone to represent him; however, he ended up
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working there for 2½ years. The owner’s son graduated from college and has taken over the
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company.
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Mr. Setaro noted that Spruce Creek, where Mr. Simmons resides, has a CDD and he
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asked if Mr. Simmons likes CDDs. Mr. Simmons replied that it does not affect him in any way;
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he pays monthly dues and participates in the activities. Mr. Setaro asked his view on how a
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CDD runs. Mr. Simmons stated that he has no problem with them; the residents follow the
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bylaws and they are “fine”. There are committees and a Board of Directors. Mr. Simmons noted
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that he attends some of the meetings but does not participate much.
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Ms. Brown pointed out that, if monthly dues are paid, Mr. Simmons lives in an HOA
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community rather than a CDD. Mr. Simmons stated that it was a CDD but it changed to an
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HOA.
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Mr. Smith referred to Mr. Simmons’ resume and asked about his responsibilities as
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General Manager at a previous position. Mr. Simmons stated that he worked at a semi-private
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resort that had resident family memberships and was open to the public. The resort had an 18-
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hole championship golf course, a restaurant and a pool; his job was to manage the employees and
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the day-to-day operations of the resort. Mr. Smith asked if timeshares were being sold. Mr.
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Simmons advised that selling was taking place and he worked with the sales department to
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coordinate activities for potential buyers. He stated that there were about 60 employees. Mr.
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Smith inquired about the positions below General Manager. Mr. Simmons advised that there
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were about seven managers that reported to him, along with the employees.
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Ms. Brown pointed out that the on-site manager position is more “hands on” than what
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Mr. Simmons had seen in the past. Mr. Simmons indicated that he was a “hands on” person; he
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relies on his staff to do their jobs but he is also there to train them. He noted that he is a good
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listener; he listens to the needs of the employees and guests and makes changes accordingly. Mr.
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Simmons explained that he takes total pride and ownership; he inspects the facilities daily to
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make sure they are well maintained, secure and meet all community regulations.
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Ms. Brown asked Mr. Simmons to explain his concept of the duties of the on-site
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manager.
Mr. Simmons stated that the person must be available for residents, to answer
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questions and try to solve their needs. He indicated that the key is to develop a relationship with
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residents and make sure they are happy so that the word spreads to gain more residents in the
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community. The key is to listen to the residents. If they want an activity, he will organize a
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committee for the activity. Mr. Simmons noted that he sees the position as a liaison; he is there
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to make the residents’ needs happen, listen to them and communicate their problems or solve
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them personally.
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Mr. Ryan explained that the CDD relies heavily on resident volunteers and one of the
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major functions of the administrator is to increase volunteer participation. Mr. Simmons noted
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that, in his community, all activities are run by volunteer committees; however, the committee
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must have a leader and residents must be involved.
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Mr. Ryan stated that Arlington Ridge has a golf course owner and a developer who
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happens to be the golf course owner, as well; it is the same person but a separate entity. The
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CDD also has properties. Mr. Ryan indicated that the golf course owner and developer want the
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CDD to keep the restaurant open and asked the Board to hire the same management company to
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run the restaurant that they hired for the golf course. There is a five-year agreement and two
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years remain. Mr. Ryan stated that the CDD owns the building and the restaurant. Mr. Simmons
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advised that he ate lunch at the restaurant and it was very good. The staff was attentive and it
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was a pleasant experience. Mr. Simmons noted that people do not need to know that the
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restaurant is leased; they just want to go and have a good meal.
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Mr. Smith explained that the CDD owns the buildings in the Town Center, the tennis
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court, the roads and the front gate.
The CDD owns the roads and is responsible for
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maintenance. Mr. Simmons commented on the professionalism of the guard at the front gate.
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Mr. Smith advised that Mr. Simmons may be working without a staff, other than
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volunteers. Mr. Simmons replied, “working with people; that’s what I do.” He commented that
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it is not a one man show; it is a community and you must work with the community. Whether
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there are paid employees or a staff of volunteers, his job is to work with people to accomplish a
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goal.
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Mr. Smith inquired about Mr. Simmons’ computer skills. Mr. Simmons indicated that he
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has experience with email and can generate reports. Ms. Brown asked if he was familiar with
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Excel or Word. Mr. Simmons stated that he mostly uses Word. He summarized that his
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computer skills are average.
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Mr. Setaro asked Mr. Simmons about his procurement skills. Mr. Simmons stated that
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bids must be obtained for any job. He prefers to use local vendors and would usually obtain two
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or three bids, review them to make sure they met the requirements and then present them to the
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Board. Mr. Simmons clarified that he would make a recommendation to the Board but present
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all of the bids for consideration.
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Mr. Setaro asked if Mr. Simmons had experience in the actual preparation or review of
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the specifications for the bid itself. Mr. Simmons advised that, sometimes he would review them
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and, other times, they would come from a franchise.
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With regard to contract fulfillment, Ms. Brown explained that, in Arlington Ridge, once
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the Board hires a vendor, such as a landscaper, part of the administrator’s responsibility is to
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ensure that the contract requirements are fulfilled. Mr. Simmons stated that he would be
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developing the specifications of the contract and he would ensure that the contract is fulfilled, by
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observation.
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Ms. Brown asked how Mr. Simmons would handle an irate resident. Mr. Simmons stated
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that the key is listening. He voiced his opinion that, often, someone who is irate has a legitimate
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grievance. He will listen to the problem and decide whether he can solve it himself or make sure
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that the resident is comfortable, before leaving. He will then address the issue with whomever he
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needs to, in order to resolve it. Mr. Simmons advised that he has dealt with many irate guests
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during his career. He is a good listener and communicates that he is there to help. The ultimate
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goal is to make residents and customers happy.
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Mr. Ryan inquired about Mr. Simmons’ availability. He noted that the CDD has many
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events after hours, such as a holiday party. Mr. Simmons indicated that he is available 24/7; he
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does not work from 9 to 5. Ms. Brown stated that other situations may require his presence, such
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as an alarm going off or a fire. Mr. Simmons advised that he lives 22 miles away and it took him
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30 minutes to get to Arlington Ridge. He is available by phone and will respond to any situation.
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Ms. Brown asked when Mr. Simmons would be available to start and his expected
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compensation. Mr. Simmons advised that he has a prior commitment on December 1, 2 and 3;
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however, he would available after that. With regard to compensation, he indicated that it is
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based on the budget and what the Board can afford and estimated the salary to be in the $40,000
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to $45,000 range. Mr. Adams stated that the District is currently not looking at offering any
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medical benefits. The employee will receive two weeks of paid vacation after the first year, with
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an additional week added after the third or fifth year.
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Mr. Simmons agreed that most
ARLINGTON RIDGE CDD
November 21, 2013
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organizations no longer offer medical benefits. He stated that he carries his own medical
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insurance.
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In response to a question from Ms. Brown, Mr. Simmons asked the Board what exactly
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they were looking for in an on-site manager, besides someone to attend events. Ms. Brown
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clarified that they are looking for an administrator, rather than a manager. They are looking for
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someone to work with the activities and the volunteers and to return to the lifestyle that the
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community had previously. The other responsibility is to maintain the District’s assets.
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With regard to procurement, Mr. Smith indicated that the District has a contract with a
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security company for the guards and a landscape company for common area maintenance and the
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administrator must ensure that the contracts are fulfilled properly. He noted that, periodically,
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the contracts are put out for bid. Ms. Brown confirmed that the communication regarding
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contract renewal will flow through Mr. Adams.
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Mr. Ryan stated that the Board has monthly meetings and Mr. Simmons would work with
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Mr. Adams on the agenda and provide a report regarding monthly activities. Mr. Ryan noted
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that the administrator will also be required to set up procedures, such as remote gate access for
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residents and advise the Board about what procedures he might wish to adopt.
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Mr. Adams asked Mr. Simmons whether he was ever directly involved with outsourcing
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for maintenance services, such as grounds and assets, working with contractors and quality
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control. Mr. Simmons stated that landscaping was outsourced in most of the facilities he worked
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for and laundry services were often outsourced, so he had direct experience.
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Mr. Simmons left the meeting.
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***The meeting recessed at 2:05 p.m.***
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***The meeting reconvened at 2:10 p.m.***
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Mr. Adams noted that the meeting reconvened at 2:10 p.m. and indicated that Supervisors
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Ryan, Smith, Brown and Setaro were in attendance.
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Ms. Brown asked if the intent was to offer the position now or call the applicants later.
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Mr. Adams stated that it was up to the Board. Mr. Smith noted that Mr. Adams will be off next
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week.
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Mr. Setaro voiced his reluctance to offer a position before conducting a background
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check and obtaining references. Ms. Kilinski explained that the Board may consider a first and
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second choice and make it contingent upon the background and reference checks.
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Ms. Brown stated that she wanted to meet Ms. de Leon-Smith because she liked her
resume but felt that the Board should discuss the applicants that were interviewed.
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Mr. Adams suggested inviting the third candidate to attend the workshop on December 2.
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Mr. Smith advised that, if the Board has an interest in offering Ms. Cox a position, since she has
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been on four other interviews, she may not be available, if they wait until December 2.
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Mr. Smith inquired about a probationary period for the position.
Ms. Kilinski
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recommended an offer letter spelling out the compensation and stressing that employment is at
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will. Mr. Smith pointed out that both candidates are available immediately and will not be taken
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away from a job.
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Ms. Brown stated that she was more excited about Mr. Simmons than Ms. Cox, based on
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their resumes; however, she was disappointed with Mr. Simmons’ interview. She voiced her
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opinion that he does not understand what a CDD is and he is not “hands on” enough to become
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involved in what they need him to do. Ms. Brown indicated that Ms. Cox was more surprising
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because her resume was not as impressive but she interviewed well and Ms. Brown thinks that
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she can do the job. Ms. Brown stressed the need for a strong willed person. Mr. Setaro
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commented that Mr. Simmons is overqualified for the position. Mr. Ryan felt that Mr. Simmons
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did not have the personality to deal with residents. Ms. Brown pointed out that Ms. Cox took
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time to research the community.
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Mr. Smith stated that Mr. Simmons has strengths that Ms. Cox does not have and vice
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versa. When dealing with the activities, residents and day-to-day lifestyle, Ms. Cox is probably
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superior. When dealing with the administrative contracts, Mr. Simmons is superior. Mr. Smith
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indicated that, if the CDD had unlimited funds, he would probably hire Mr. Simmons to be the
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on-site administrator and hire Ms. Cox to replace Ms. Campo but with increased responsibilities.
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Mr. Smith pointed out that Ms. Cox has the necessary computer skills and Mr. Simmons would
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probably require at least a one-person staff. Ms. Brown and Mr. Smith agreed that Ms. Cox
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would do a much better job of handling residents.
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With regard to contract administration, Mr. Adams stated that Ms. Cox can learn and she
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is not afraid to “get into the trenches”. Mr. Setaro stated that one of Ms. Cox’s strongest assets is
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that she comes from government and knows how it works. He also agreed that she would
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interact better with the residents. Mr. Adams voiced his preference for Ms. Cox.
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Ms. Kilinski stated that, from a resident perspective, which is the larger concern, Ms. Cox
would be much better.
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Mr. Ryan pointed out that, if the Board decides, in the future, that a manager is required
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to oversee the contracts, Ms. Cox could handle the events and Mr. Simmons could manage the
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contracts.
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Mr. Smith voiced his concern with regard to Ms. Cox’s future salary requirements. Mr.
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Setaro stated that he likes Ms. Cox but she must learn. He indicated that he was not sure that
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Ms. Cox would expect a lot, in terms of salary, because governmental employees are accustomed
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to a 1% or no increase. If anything were to happen, down the road, it may be benefits related.
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Mr. Smith felt that Ms. Cox would enjoy working in Arlington Ridge. He inquired about
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a start date. Mr. Adams suggested Monday, December 2. Mr. Smith asked if Ms. Cox would be
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introduced to the residents at the Board Meeting. Mr. Adams replied affirmatively.
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On MOTION by Ms. Brown and seconded by Mr. Smith, with
all in favor, extending an offer to Ms. Deanna Cox, in the
amount of $50,000, annually, with no medical benefits and two
weeks paid vacation after the first year, with an additional
week added after completion of the third or fifth year, to begin
on Monday, December 2, 2013, contingent upon reference
checks, was approved.

Update: Forbearance Agreement
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Ms. Kilinski reported that she received an email, today, with a draft Forbearance
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Agreement for the debt and O&M. Although she did not read it, she indicated that she would
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forward it to the Board, for review. Ms. Kilinski stated that she traded phone calls with Ms.
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Carpenter regarding potential options, such as purchasing the sales center, piece by piece and to
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waive the O&M assessments and how much that would cost; however, she has not received a
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response. Ms. Kilinski stated that she will call the Board, individually, prior to the December 2
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meeting, to advise of what options exist.
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perspective, if the District is receiving property, in lieu of assessments, from a legal standpoint,
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that is more preferable than a $24,000 lease. Ms. Brown stated that it is also preferable to the
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Board Members when speaking to a resident.
Ms. Kilinski noted that, from an assessment
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November 21, 2013
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Mr. Smith stated that everyone feels that the deal will work; Common Bond will be
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successful and they will be there until the community is built out but there is a possibility that,
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three years down the road, they might be gone and it would be nice for the CDD to have control
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of the sales center.
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Ms. Kilinski stated that the other piece that the Board needs to consider, before the next
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meeting, is the question regarding O&M and how it is paid, not only this year but going forward.
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From what she has heard from their counsel, it is important to Common Bond to be able to pay it
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and not have the gross up for taxes on the roll. Mr. Smith asked if Common Bond will make a
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proposal to the CDD regarding how the O&M will be paid. Ms. Kilinski stated that it will be
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contingent upon the District’s cash flow needs. Mr. Setaro asked if Common Bond received
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approval from the tax collector’s office. Mr. Adams replied affirmatively. He noted that there
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will be no extra charge, either from his office or from the tax collector.
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Adjournment
There being no further business, the meeting adjourned.
On MOTION by Mr. Setaro and seconded by Mr. Smith, with
all in favor, the meeting adjourned at approximately 2:34 p.m.
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November 21, 2013
_____________________________
______________________________
Chair/Vice Chair
12
MINUTES OF MEETING
ARLINGTON RIDGE
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A Workshop of the Arlington Ridge Community Development District’s Board of
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Supervisors was held on Wednesday, December 2, 2013 at 11:00 a.m., in the Arlington Ridge
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Administration Building, 4463 Arlington Ridge Blvd., Leesburg, Florida 34748.
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Present were:
Michael Ryan
Stephen Smith
Sharon Brown
Dominic Setaro
Ian McKeown
Chair
Vice Chair
Assistant Secretary
Assistant Secretary
Assistant Secretary
Also present were:
Chuck Adams
Jennifer Kilinski
Bill Huck (via telephone)
Jan Carpenter
Art Erickson
District Manager
District Counsel
Common Bond Capital Partners, LLC
Partners, LLC
Mr. Adams called the meeting to order at 11:00 a.m., and noted, for the record, that
Supervisors Ryan, Smith, Brown, McKeown and Setaro were present, in person.
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Discussion: Forbearance Agreement
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indicated that a lease agreement was attached. Ms. Jan Carpenter, of Common Bond Capital
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Partners, LLC (Common Bond), advised that this version of the agreement was sent to the
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bondholder and their counsel on Tuesday or Wednesday and it is final, or very close to being
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final.
Ms. Kilinski distributed an updated, clean version of the forbearance agreement and
ARLINGTON RIDGE CDD
December 2, 2013
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Ms. Kilinski explained that she will review the agreements, discuss the changes that were
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made and answer any questions that the Board may have; at the Regular Meeting, the business
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deals will be discussed and the Board will make decisions based on those discussions.
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Ms. Kilinski indicated that she has resolutions for the Regular Meeting that will tie all of
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the decisions together. The resolutions will be distributed for the Board’s review and approval,
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in substantial form, with direction to Staff and the Chair to finalize the agreements, assuming
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that the substantive terms are still in place. Ms. Kilinski clarified that all approvals will be
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contingent upon direction from the bondholder for the forbearance agreement, as well as
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evidence that the sale has transpired. She emphasized that the CDD will not enter into these
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agreements without the sale being finalized.
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Mr. Kilinski explained that the District will sign the acknowledgement and consent of the
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forbearance agreement, which indicates that the District was directed, by the majority
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bondholder, not to collect debt assessments for the term of the forbearance period; otherwise, the
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indenture would mandate that they be collected and, if those collections are not made, the
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District would be required to foreclose. The agreement will forbear those responsibilities, under
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the indenture, until such time as the forbearance agreement expires or direction is received from
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the bondholder, through the trustee, to do something other than what is put forth in the
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agreement. Ms. Kilinski pointed out that the District’s responsibilities, under the indenture, are
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to collect debt assessments; O&M assessments are separate and apart. Ms. Kilinski stated that
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she reviewed the agreement for obligations of the District that may be above and beyond what is
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already required in the indenture but saw none.
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Ms. Brown inquired about the mortgage. Ms. Kilinski explained that it is not unusual to
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see a mortgage as initial security for the bonds, as a way of foreclosing, in the event of
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nonpayment of assessments at the end of the forbearance period or, otherwise, to expedite that
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process.
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bondholders have a regular mortgage, they can proceed like a regular mortgage holder.
Ms. Carpenter clarified that it gives the bondholder a second remedy.
If the
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Discussion: O & M Assessment Payment
Agreement
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Agreement. She advised that she did not want to give the trustee any rights related to O&M
Ms. Kilinski noted several redlined changes in the O&M Assessment Payment
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December 2, 2013
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assessments and made it clear that the assessments are separate and apart from the debt
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collection and enforcement provisions. Ms. Kilinski explained that there were two substantive
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issues, beyond the legal aspects. With regard to collection of assessments, on private lots, the
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District has typically collected those assessments on the tax roll. For the next five fiscal years,
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this agreement requests that the District directly collect O&M assessments for the properties that
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are considered settlement property. The purchaser will provide a list of those properties each
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year, indicating the properties they own that they are requesting to be directly collected. The list
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will be sent in March and August, each year, and the District will depend on that list to notify the
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tax collector that those assessments will be directly collected, should not be on the tax roll and,
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therefore, will not be certified to the tax collector for collection. There is also a request to pull
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those private lots from the tax roll for the current fiscal year. Lake County indicated that there
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will be no administrative or related costs. The O&M assessments will be directly billed for a
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total of six years, to include this fiscal year. Ms. Carpenter confirmed that the intent is for five
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years.
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Mr. McKeown asked if the time frame is concurrent with the forbearance. Ms. Carpenter
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clarified that the forbearance agreement is for two years, which is the maximum allowable
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amount of time, under the tax code. Ms. Kilinski recalled discussion, at the last meeting, about
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aligning the O&M assessment piece with the forbearance period, which was for two years. Since
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the request is for five years, it will be considered by the Board at the Regular Meeting.
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Ms. Kilinski indicated that the second substantive issue is the consideration of the lease
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agreement for storage space on the golf course and maintenance of the golf course lakes that are
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owned by the District. The District will pay a lease amount equal to the O&M assessment
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amount, levied annually, on the golf course. The District will levy an O&M assessment on the
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golf course, to be paid in due course, pursuant to the assessment schedule. In consideration for
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that will be the lease agreement, where the District will essentially pay that money back for the
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use of the storage space and maintenance of the lakes. The request is for five fiscal years, in line
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with the direct collection of assessments.
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Ms. Brown asked if anyone had seen the storage space on the golf course. Mr. Erickson
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stated that the original request was to waive the O&M assessment, in consideration of the fact
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that the purchasers are trying to make this a team effort and move the community forward. The
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discussion of the lease of the storage space came about because the District, from a legal
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December 2, 2013
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perspective, must have consideration. Mr. Erickson pointed out that it seems that the lease is
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becoming the key issue and it never was intended to be. In theory, the request was to waive the
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assessments as part of the whole process, moving forward, so they can work together. Waiving
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the assessments is the District’s show of “good faith”. Mr. Erickson noted that the space has
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three trailers; however, they are not in good shape. One trailer is being offered to the District
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and the others will be used for office space, maintenance and construction staff.
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Ms. Kilinski clarified that the lease has not been the big issue. For the purpose of the
record, the District is receiving consideration.
Mr. Huck stated that the initial request was made in the spirit of cooperation and they are
hopeful to close on their acquisition of the property soon.
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Mr. Adams reported that, in November, the District received the first quarter O&M
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assessment payment of $6,118.68, as well as the first half-year debt service payment of
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$57,385.59.
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Ms. Kilinski stated that one of the clarifications from the O&M Payment Agreement is
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whether the lease agreement was anticipated to be entered into in December, such that no further
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O&M assessment payments on the golf course were due for this current fiscal year, largely, for
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budgeting purposes.
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Ms. Carpenter indicated that Mr. Huck must contact the real estate company that is
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handling the transaction regarding whether they intend to prorate the payment and if REDUS
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will be seeking reimbursement of that payment. Mr. Erickson advised that it is in the contracts.
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Ms. Carpenter clarified that they have been considering prorating for this year, going forward,
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after the closing date.
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Mr. Erickson advised that a comment was made during the last workshop that the
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assessment will be “swapped out” for pond maintenance. Ms. Kilinski confirmed that a certain
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portion of the assessment is a consideration for that.
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In response to a question from Ms. Brown, Mr. Adams explained that the Assessment
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Methodology, as it relates to the golf course and their payment of O&M, broke down to the fact
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that the CDD realized that a portion of the stormwater system, as it is required for this
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development, is contained within the property of the golf course. In consideration of that, they
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were only charged a portion of the overhead charges.
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In response to a question from Mr. Ryan, Ms. Carpenter confirmed that the waiver will be
for five years, whether it begins in 2013 or 2014.
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Mr. Smith asked about the payment schedule, for this fiscal year, if the lots are pulled off
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roll this year. Ms. Carpenter referred to the schedule, on Page 5, and advised that 25% is due
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immediately, followed by 25% in February, May and August. Mr. Smith asked if interest will be
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collected if the payment is late. Mr. Adams did not feel it would be appropriate. Mr. Smith
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commented that the agreement states that interest will be collected. Ms. Carpenter confirmed
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that, depending upon when the agreement is dated and the closing occurs, the interest will be
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prorated on closing statements or an asterisk will be added on the agreement stating that no
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interest will be due for that time period.
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Mr. Smith asked when the District would receive the first payment for Fiscal Year 2013,
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if the Board agrees to remove the lots from the tax roll, since the settlement schedule will not be
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received until March. Ms. Carpenter advised that a preliminary agreement can be executed at
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closing, which will include a preliminary list of about 171 lots. Mr. Erickson explained that, if
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CB Landco removes ten lots from auction, if redeemed, prior to closing, the number of lots will
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increase by ten.
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In response to a question from Mr. Smith, Mr. Erickson advised that, technically, CB
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Landco is closing on all of the lots that have not been sold at auction, which is about 400. The
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lots that are in line for auction will be dealt with individually.
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Mr. Smith voiced his confusion with regard to what the Board is agreeing to for Fiscal
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Year 2013/2014. Ms. Kilinski explained that, if a number can be provided to the tax collector by
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January 1, the payment will be due 14 to 30 days afterwards. If there is a deadline of March 15,
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that payment becomes due by April 1, for whatever else is remaining.
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Ms. Carpenter stated that, once the closing takes place on the 171 lots, the first payment
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will be due 15 days after January 1, rather than November, with the next payments due in March
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and November. If any other lots are added, before the tax bill is due in March, the payment will
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be made through March and added to the schedule.
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Mr. Huck confirmed that CB Landco wants to make the payments as quickly as possible.
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He explained that most of the confusion will be cleared up by the end of February because there
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are three tax sales this month and another three are scheduled for January. By the end of
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February, CB Landco will know what parcels they protected and what parcels were lost to tax
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December 2, 2013
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deed sales. For those parcels that are protected and owned, CB Landco wants to make the
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payments as promptly as possible.
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Mr. Smith asked what the District will receive if it must foreclose for nonpayment. Ms.
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Kilinski stated that the District will receive the property. Mr. Smith asked what the property will
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be subject to. Ms. Carpenter replied that it is subject to the debt assessments. Ms. Kilinski
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clarified that it is arguable because, once the government purchases the property, the liens merge.
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Mr. McKeown pointed out that the District would be foreclosing but would not want to
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take the property in its own name so it would create a special purpose entity (SPE). It would go
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to the trustee and the bondholder, the District would create the SPE to foreclose and there would
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be many Phase 3 homes.
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Mr. Smith noted that, in the past, the CDD could not foreclose without direction from the
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bondholder. He asked why it is different now. Ms. Kilinski explained that, this time, they are
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discussing O&M assessments, which the trustee has no authority or direction over; however,
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there is an indenture in place and there are debt assessments on this property. Mr. Smith asked
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why the District cannot foreclose on the back property for O&M assessments. He indicated that
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the Board was told that they must have the approval of the bondholders. Ms. Kilinski stated that
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the District has a good faith responsibility, under the indenture. If they are going to foreclose on
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O&M assessments and they know there are debt assessments on that property, they must have
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bondholder approval because the debt assessment lien will merge into that property and they
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would be wiping out the debt on the property.
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Mr. Smith asked what will happen if the District wants to foreclose and the bondholder
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says no. Ms. Kilinski stated that she would not want to be in that position. She was unsure of
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the outcome. Ms. Carpenter advised that, particularly with a sole bondholder, if the District
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wants to foreclose but the bondholders do not and the District has budget issues, they can ask the
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bondholder to help fund the O&M to avoid foreclose and keep operating because it is in the
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bondholders best interest to keep the District up and running to sell the property.
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Mr. Smith stressed that he wanted to be sure that the Board was not placing the District in
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a weaker position by agreeing to off roll. Ms. Kilinski noted that the Board has the option to
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certify the assessments to the tax roll, the following day, if there is a default. Mr. Smith voiced
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his understanding that the District is in a stronger position with assessments being on roll
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because of the tax certificate process, particularly this year because they are all caught up. Mr.
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December 2, 2013
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Smith asked about the time frame required to place the assessments back on roll, if a payment is
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missed. Ms. Carpenter stated that the next September 1 would be the worst case. Mr. Smith
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asked what would happen if a year-and-a-half passed and something unforeseen occurred in the
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economy. Ms. Carpenter stated that there are two options; to foreclose and own the lots, subject
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to the debt assessment, or to place the lots back on the tax roll, the next year, and hope the
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certificates sell.
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Mr. Ryan asked what Ms. Kilinski foresees happening at the Regular Meeting. Ms.
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Kilinski stated that resolutions will be presented for adoption and the finding will be made that it
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is in the District’s best interest to enter into these agreements, both from the forbearance
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perspective and the O&M payment perspective. Since decisions cannot be made in a workshop,
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however, at the Regular Meeting, if the Board is comfortable with the way the agreement is
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being presented, with the five-year term and the lease agreement, it will be confirmed in that
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resolution. To the extent that the Board desires a change in the language, Ms. Kilinski suggested
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discussing the language now; she and Ms. Carpenter will work together to finalize it in the
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agreement.
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Mr. McKeown confirmed the timeline for the deal. He indicated that CB Landco, the
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trustee and the bondholder will enter into a deal.
There will be a two-year forbearance
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agreement for the debt service. Mr. McKeown asked if it may turn into a two-year or four-year
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deal, over time. Ms. Carpenter pointed out that, from a tax perspective, a two-year agreement is
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usually the maximum. Mr. McKeown asked if CB Landco may wish to pursue another two
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years. Ms. Carpenter did not feel that it would work, from a tax perspective. The hope is that
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100 or more lots will easily be sold in two years.
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Mr. McKeown concluded that, from a business perspective, CB Landco is basically
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asking for temporary relief, on a cash flow basis. At the end of two years, they are assuming that
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everything will be caught up. Mr. Erickson confirmed that it is clearly a cash flow request, at
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this point. It is a two-year agreement, defined by statute or by the IRS. Whether or not it is
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requested again will be determined after two years.
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Mr. McKeown stated that he saw no issue with a five-year term but it may be smart to
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qualify a two-year term, on the debt service side. It is a five-year deal but it is more like a two-
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year deal with a three-year renewal, at year two, to ensure that CB Landco is comfortable, on the
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debt service side, that they made it two years and reached a milestone, from a cash flow and
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December 2, 2013
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performance standpoint. Mr. Erickson indicated that the “ask” is for five years but they may add
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the provision “if they are not in default”. He noted that, in two years, CB Landco may be dealing
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with a different Board who may not understand.
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Ms. Carpenter pointed out that the forbearance agreement is a two-year agreement and
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any change or extension would require the Board’s approval. Mr. McKeown advised that, with
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regard to O&M, it is safer for the Board to qualify the term by stating that five years, as a
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concept, is fine and, if everyone is happy at the end of two years, they will auto renew, as long as
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CB Landco is current. Mr. Smith stressed that, if they are not current, the District has the right to
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put the assessments back on the tax roll. Ms. Carpenter suggested adding a provision for a
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default under the forbearance agreement. If there is a problem during the two years, this
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agreement may go away also.
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Mr. Smith and Mr. Setaro agreed that the District has the immediate right to place the
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assessments on the tax roll or to foreclose, if a payment is missed. Mr. Setaro noted that the
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number of lots will decrease each year, as homes are sold. Ms. Kilinski pointed out that the lease
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agreement is intimately tied to the O&M agreement.
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Mr. Smith asked what would happen if the CDD missed a lease payment. Ms. Kilinski
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advised that, if a lease payment is missed, the District will have a default under the lease
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agreement.
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agreement because CB Landco is agreeing to waive the golf course land.
Ms. Carpenter commented that there will also be a default under the O&M
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Ms. Brown asked what would happen if CB Landco did not maintain the ponds. Ms.
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Kilinski advised that the lease agreement states that it would be a default under the agreement.
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Mr. Ryan commented that they will be maintained the way they are now, perhaps a little better.
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Mr. Erickson noted that it is up to the Board to determine what acceptable maintenance
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is, per the lease agreement, and CB Landco is comfortable that any “heat” they receive will be
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shifted to the Board. Ms. Kilinski pointed out that the lease agreement is in simple form because
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of those nuances.
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Mr. Ryan inquired about the need to continue the Regular Meeting if the resolutions are
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adopted today. Ms. Kilinski pointed out that the meeting can be easily cancelled but it is
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difficult to schedule a meeting.
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In response to a question from Mr. Erickson, Mr. Huck confirmed that December 16 is
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the closing date, per the first amendment to the contract. Mr. Erickson indicated that the goal
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ARLINGTON RIDGE CDD
December 2, 2013
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would be to have the agreement signed and in place prior to the closing. The Board agreed to
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continue the meeting to Thursday, December 12, 2013 at 3:00 p.m., if necessary.
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Mr. Ryan asked if discussion was necessary regarding the food and beverage assignment.
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Ms. Kilinski indicated that, in the Regular Meeting, discussion will take place regarding the
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provision that the District is able to terminate the agreement with Century Golf, with no penalty
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upon notice of a sale, and that the District has 60 days to terminate that agreement. Under the
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agreement, there will be a requirement that the District recognize the assumption of the
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agreement by the new landowner. The agreement can state that the District is waiving its rights,
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under the Food and Beverage Management Agreement, to terminate the agreement, based on the
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sale; however, in consideration for that waiver, there will be no penalty if the District decides to
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terminate the agreement, going forward.
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Ms. Carpenter stated that it may be appropriate to have the Board agree to send the
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termination notice in order to have that ability and/or approve the assumption so that the
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assumption can go forward.
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For the benefit of the Board, Mr. Erickson advised of previous discussions with upper
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management of Century Golf (Century) where they indicated that they are willing to waive the
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two cancellation fees but they would like to extend the agreements. He conveyed CB Landco’s
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request that the Board do nothing that, collectively, they may regret doing, in trying to work
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cooperatively with Century.
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Ms. Kilinski noted that the Board’s biggest concern has been the $75,000 fee associated
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with the termination of that agreement and now is their chance to terminate it without the fee.
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She clarified that there is no intention to terminate that agreement; it is the recognition that, in
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lieu of terminating, which is now the District’s option, the District will not be charged $75,000
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if, a year from now, CB Landco is not happy with Century Golf and wants to terminate that
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agreement.
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Ms. Brown asked about the time frame of the extension requested by Century Golf. Mr.
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Erickson stated that it was not discussed.
Century conveyed that they want long-term
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relationship with whoever owns the golf course. Mr. Erickson explained that CB Landco would
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like to have four or five months to view Century’s performance before making a decision
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because they are not in the golf club management business; however, golf club management is
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critical to selling real estate so the decision will be made once they determine what they have.
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December 2, 2013
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Discussion ensued with regard to the termination clause. Mr. Erickson pointed out that
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termination requires a new agreement, which costs everyone more money and time, versus an
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amendment.
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manager; however, it does not indicate how long the District has to terminate. Ms. Kilinski’s
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recommendation was an amendment to the agreement indicating that the District is reserving its
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right to terminate without a $75,000 penalty.
Mr. Smith noted that the agreement requires a 60-day written notice to the
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***Mr. McKeown left the meeting at 12:04 p.m.***
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Mr. Smith advised that Century stepped in and did a good job; the restaurant was closed
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and the tavern is “bare”. Their performance is not always as good as the Board would like;
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however, they have done a good job. Mr. Smith stated that discussions have taken place
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regarding the possibility that there might be someone better suited for the community than
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Century. He expressed his surprise that Century may want to continue managing the restaurant
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and tavern.
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Mr. Erickson explained that it is beneficial to have the restaurant and tavern linked to the
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golf course because the restaurant benefits the golf course and, therefore, benefits the
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community. Century knows that, in order to continue managing the golf course, they must also
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manage the restaurant and tavern and it is a good way to proceed, for the time being. Mr.
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Erickson noted that Century has had certain constraints, primarily financial, because the goals of
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the present owner, REDUS, are not the same as the future owner; therefore, even if the price is
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the same, there will be different direction given for the restaurant and the golf course, which will
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benefit sales.
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Mr. Smith conveyed the Board’s desire to have a better relationship with CB Landco than
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it had with REDUS with regard to the restaurant and tavern and that they would like to have
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some input, to make it better.
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Ms. Kilinski stated that she will recommend that the Board approve the assignment of the
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funding agreement from REDUS to CB Landco.
An amendment will be added to the
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management agreement recognizing the 60-day sale and asking for a six month period, from the
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time of closing, to consider termination of that agreement. If Century Golf does not agree to the
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amendment, the District will terminate the agreement without penalty.
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Mr. Smith noted that Century was to provide the Board with financial statements for the
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restaurant and tavern and involve them in the budget discussions; however, the Board has not
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December 2, 2013
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received them and has no idea how they are doing. He recalled that the restaurant operated at a
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loss but the District was paying a huge amount of money for the chef and employees. The
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restaurant was packed on a regular basis and the community was much smaller. Mr. Smith
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advised Mr. Erickson that it may be easier to make money than he thinks. It is something that
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the community would like to see happen.
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Mr. Ryan asked if the electric for the Christmas lighting was completed. Mr. Adams
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indicated that Morrison had all of the outlets working and marked, at the breaker panel and at the
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outlets. The lights were due in on Friday and should be installed between today and tomorrow.
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Mr. Adams explained that many of the lights were deteriorated. There will be a change to LED
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lighting, which will save money.
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Ms. Brown asked if the Arlington Ridge backlight was repaired. Mr. Adams replied no.
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He advised that other communities with neon backlighting switched to lighting the letters. When
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neon lights break, they become a safety issue. Mr. Adams noted that, when he and Mr. Morrison
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walked the area in the front, at least half of the lights were not operating. They will be changed
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to LED.
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Mr. Adams indicated that Mr. Cosmo wants more LED Christmas lights and will make a
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request at the Regular Meeting. Mr. Adams explained that wreaths will not be placed on the
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poles on Arlington Ridge Boulevard and the money saved in labor costs will be utilized for
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additional LED lights. Ms. Brown voiced her preference for white lights.
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Mr. Ryan commented that several projects were approved by Mr. Adams that the Board
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knows nothing about, such as the televisions that were installed in the Pilates room and the
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cement work that was recently completed. Mr. Adams advised that the Pilates room televisions
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were replaced because the VHS portion of both stopped working, which is a huge component of
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the exercise room. With regard to the cement work, the drain was repaired.
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Mr. Ryan reiterated last month’s request that the Board be provided with copies of all
recent contracts.
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Mr. Smith recalled briefly discussing Ms. Mehrmann’s position and did not recall a
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decision being made regarding a time frame. Mr. Adams stated that he would like to have four
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to six weeks of overlap. He stressed the importance of Ms. Cox being able to interact and
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become involved and understand how everything operates. Further discussion ensued. Mr.
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December 2, 2013
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Adams suggested terminating no later than January 15. Mr. Ryan stated that he would like it
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done no later than January 8.
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Mr. Smith inquired about the projects that Mr. Adams had for Ms. Cox. Mr. Adams
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stated that he wants Ms. Cox to pursue the trip hazard issues in the Village Green. The striper
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indicated that he does not perform this service so Ms. Cox will have to pursue other resources.
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Mr. Ryan asked how much guidance Mr. Adams would be able to provide to Ms. Cox between
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now and January 1. Mr. Adams advised that there would be telephone conversations every other
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day, at the very least and, as she comes across things, he will advise her not to hesitate to contact
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him. After the holidays, Mr. Adams would like to take Ms. Cox on some of the landscape tours,
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with the contractor. They will review the specifications, talk to the contractor, and Mr. Adams
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will give Ms. Cox an idea of what he is looking for and how to address them. He also wants her
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to become familiar with coding invoices.
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Mr. Adams indicated that he provided Ms. Cox with the CDD website address to review
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last year’s minutes, documents and the audit, to get a feel for where the District has been, where
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they are today and where they are headed.
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Mr. Smith recalled a comment made by CB Landco, at the last workshop, that they are
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able to purchase lots without having to clear up outstanding tax certificates. If that is the case
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and they choose not to clear up outstanding certificates, the lots are taken off roll for a year, the
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tax certificate passes the two-year period where they can file for tax deed and CB Landco
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decides to let a particular lot go to tax deed, Mr. Smith questioned what happens to the CDD’s
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outstanding off-roll money. Ms. Kilinski stated that a calculation will be performed for the 171
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lots, based upon O&M assessments, and a singular bill will be generated. It will attach the lots
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but CB Landco will owe an O&M assessment regardless of whether they own the property from
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“point A” to “point D”. In the next fiscal year, that lot will not be on their list; they will have
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lost that property for O&M assessment that will be on the roll because the District will not have
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gotten the list from them. The District will certify the lot for collection and it will be a part of
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the direct bill assessment.
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Mr. Smith indicated that, initially, on December 16, CB Landco is taking title to every
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lot. Mr. Ryan voiced his understanding is that there will be no tax certificates outstanding when
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the lots are taken off roll. Ms. Kilinski agreed. Mr. Ryan pointed out that they may lose half of
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the lots because they are going to tax deed in December and January.
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December 2, 2013
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Ms. Kilinski stated that the District will receive a list at the end of every fiscal year of the
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properties that CB Landco wants directly billed. CB Landco is required, pursuant to this
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agreement, to pay the O&M assessment that is due on the property and, if they do not, they are in
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violation of this agreement, whether they own the property or not. Ms. Kilinski stated that, when
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Mr. Adams’ office sends out the invoice, the number of lots will be multiplied by the amount of
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the O&M assessment and that will be the amount of the bill. If one lot is not paid, they will be in
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violation of the agreement. Mr. Adams confirmed that, under this agreement, CB Landco must
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pay the assessment for all of the lots that they are responsible for, on the list; they cannot pick
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and choose.
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Ms. Kilinski noted the portion of the agreement that indicates that the District is relying
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solely on the list provided by CB Landco as to what is directly billed or not directly billed; if the
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list is incorrect, the remaining lots are placed on roll.
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Adjournment
There being no further business, the workshop adjourned at 12:47 p.m.
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December 2, 2013
_____________________________
______________________________
Chair/Vice Chair
14
MINUTES OF MEETING
ARLINGTON RIDGE
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A Regular Meeting of the Arlington Ridge Community Development District’s Board of
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Supervisors was held on Monday, December 2, 2013, at 2:00 p.m., at Fairfax Hall, 4475
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Arlington Ridge Boulevard, Leesburg, Florida 34748.
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Present and constituting a quorum were:
Michael Ryan
Stephen Smith
Sharon Brown
Dominic Setaro
Chair
Vice Chair
Assistant Secretary
Assistant Secretary
Also present were:
Chuck Adams
Jennifer Kilinski
Deanna Cox
Jan Carpenter
Art Erickson
Jackie Rector
Joan Kelly
Tina Liphardt
Dick Fariel
Bob Lucas
Cindy Samp
Residents
District Manager
District Counsel
On Site Administrator
Partners, LLC
Resident
Resident
Resident
Resident
Resident
Resident
Mr. Adams called the meeting to order at 2:02 p.m., and noted, for the record, that
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Supervisors Ryan, Smith, Brown and Setaro were present, in person. Supervisor McKeown was
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not present.
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Public Comments
Mr. Ryan opened the meeting for public comments or questions regarding agenda items.
ARLINGTON RIDGE CDD
December 2, 2013
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Mr. Dick Farial, a resident, advised that, when he moved to the community, he could
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walk at a firm pace, with no problem. It is now several years later and, when he walks, his legs
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get tired. Mr. Farial asked the Board to consider installing two benches, between the Village
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Green and the front gate. He felt that more residents would walk if there were benches.
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Ms. Tina Liphardt, a resident, stated that she sent an email asking a question regarding
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the bond, on the tax bill. She asked how the residents can obtain their balance and the amount of
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interest that is being paid on the bond. Mr. Adams indicated that he did not receive Ms.
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Liphardt’s email; however, he will provide the contact information to obtain the outstanding
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principal and the interest rate on the bond.
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Introduction:
New
Administrator, Deanna Cox
On-Site
Mr. Adams introduced Ms. Deanna Cox, the new On-Site Administrator. Ms. Cox stated
that she was looking forward to meeting everyone.
Mr. Adams noted that it was Ms. Cox’s first day and Staff was in the process of setting
up her email address.
Ms. Brown advised that Ms. Cox will be in the office Monday through Friday.
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Consideration of Forbearance Agreement
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the developed lots, the golf course and the Welcome Center from REDUS, who is Wells Fargo.
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The group is asking for assistance from the residents and the Board to help their investment pay
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off. As such, they have asked the Board to adopt two agreements. Mr. Ryan stressed that this is
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not a “done deal”; the agreements are the Board’s acknowledgement that the CDD is willing to
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provide assistance, if the other pieces are pulled together.
Mr. Ryan explained that, for the past few months, a group was considering purchasing
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Ms. Kilinski presented the Forbearance Agreement for the Board’s consideration. She
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explained that this is an agreement between the trustee, on behalf of the bondholder, and the
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landowner, CB Arlington Ridge Landco. The District would be a party to the agreement for the
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limited purposes of consenting to and acknowledging the agreement but, as discussed in previous
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meetings, the District will only execute the agreement if direction is received from the trustee, on
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behalf of the bondholder.
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ARLINGTON RIDGE CDD
December 2, 2013
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Ms. Kilinski noted that this Forbearance Agreement is specific to debt assessments; it has
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nothing to do with O&M payments. It is the bondholder’s agreement for the District and
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landowner to forbear payment of the debt assessments for a period of two years. The District is
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only a party because it is a party to the indenture and there are requirements, under the indenture,
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for the District to collect those debt assessments. Ms. Kilinski stated that the Forbearance
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Agreement shows the District that the bondholder has indicated that the District is not required,
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under the indenture, to collect those debt assessments, is not required to pursue foreclosure if the
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assessments are not received on the property that the bondholder is telling the District not to
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collect them on and that the bondholder is telling the District not pursue remedial action. The
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District’s agreement, under the indenture, is to collect the assessments and to pursue remedial
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action if the assessments are not collected, so this is the only direction that the District needs and
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the part that the District plays with regard to the role of the debt assessments.
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Ms. Kilinski asked for questions or discussion regarding the Forbearance Agreement.
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In response to a question from a resident, Ms. Kilinski explained that the District was
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established for the purposes of financing public improvements and the operation and
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maintenance of those improvements. In 2006, the District, through direction of the trustee and
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bondholder, issued bonds to finance those improvements. Ms. Kilinski specified that those are
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the debt assessments, not the operation and maintenance assessments, which are recurring annual
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assessments levied at the time that the budget is adopted each year. She advised that the debt
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assessment is a one-time lien placed on the property and it will never be levied again; once it is
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paid off, it will not be levied again, unless the Board authorizes a second issuance of bonds. Ms.
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Kilinski indicated that the debt assessment relates to the property that is currently owned by the
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bank. The Forbearance Agreement is in the interest of getting the property moving, getting
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builders in, to make the development grow and expand. The bondholders want to see a return on
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their investment, just as the residents do.
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Ms. Kilinski stated that the District normally sends out bills for the debt assessments like
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they do for individual properties; if the assessments are not paid, the District may pursue
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foreclosure. The District was asked by the trustee, on behalf of the bondholder, not to collect
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assessments on the property owned by the bank. The bondholders know that they are not getting
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paid on that property but they are agreeing, for two years, to forbear the assessments to allow the
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December 2, 2013
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purchaser to make an investment in the community. Once the community is up and running and
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homes are being sold, the purchaser will be asked to begin paying the debt.
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Ms. Kilinski stressed that this agreement will not, in any way, impact what the residents
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owe; it impacts the liens of the debt assessments only on the bank-owned property. Everything
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will remain the same for individual properties. The District must sign on to this agreement
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because they signed an indenture, at the time the bonds were issued, agreeing to levy
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assessments and collect them and, if they are not collected, the District must foreclose.
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Ms. Kilinski clarified that, if these assessments, for some reason, are never collected by
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the bondholder, the bondholder cannot levy assessments on the residents’ property.
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
Resolution 2014-3, Approving a Forbearance Agreement
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Mr. Ryan presented Resolution 2014-3 for the Board’s consideration.
Ms. Kilinski
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explained that the “Whereas” clauses make a finding about the background when the bonds were
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levied and the fourth “Whereas” clause attaches, as an exhibit, the Forbearance Agreement,
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which was circulated this morning, with some minor changes. The resolution gives approval of
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the Forbearance Agreement but only when bondholder direction is received, through the trustee,
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that the deal is done and they are to enter into the Forbearance Agreement, in terms of the
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consent and acknowledgement and approving, in substantial form and authorizing the Chair, in
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consultation with Staff, to finalize the Forbearance Agreement, on the District’s behalf.
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On MOTION by Mr. Setaro and seconded by Ms. Brown, with
all in favor, Resolution 2014-3, Approving a Forbearance
Agreement in Substantial Form; Authorizing the Chairman
and District Staff to Take the Necessary Actions to Effectuate
the Terms of the Forbearance Agreement; Providing a
Severability Clause; and Providing an Effective Date, was
adopted.
FIFTH ORDER OF BUSINESS
Consideration of O & M Assessment
Payment Agreement
Ms. Kilinski presented the O & M Assessment Payment Agreement for the Board’s
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consideration. She explained that this agreement is more District centered and it is related to the
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annually recurring O&M assessments.
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ARLINGTON RIDGE CDD
December 2, 2013
140
Ms. Kilinski advised that the agreement addresses two substantive issues. She explained
141
that, typically, there are two ways to collect assessments. The District collects assessments on
142
some of the properties directly. The owner of the property receives a bill from the District
143
Manager’s office and payment is made directly to the District.
144
assessments is on the tax bill. The District certifies individual properties or lots to the tax
145
collector for collection on the tax bills that are sent in November and payment must be made by
146
April. This agreement indicates that, for the properties that are owned by the prospective
147
purchaser, the District will consider directly billing those assessments for five years.
148
discussion is related to whether that will commence in Fiscal Year 2013/2014, as Year 1,
149
forward, or if it begins in Fiscal Year 2014/2015, as Year 1, for a total of five years.
The other way to collect
The
150
Ms. Kilinski stated that the second substantive issue is that the District levies assessments
151
on all of the property within the District, with the exception of the back foreclosed parcel. This
152
agreement essentially indicates that the prospective purchaser is willing to pay their O&M
153
assessments, in due course, with the exception of the golf course, where the District will levy the
154
O&M assessments as in the past and it will be secured by an assessment lien but it will be offset
155
by a payment by the District to the prospective purchaser in an amount equal to that assessment
156
lien for lease of certain space; the District will also enter into a lease agreement for the golf
157
course, in an annual amount equal to the O&M assessments, to provide, among other things,
158
needed storage space for the District’s operations, as well as maintenance of certain stormwater
159
management ponds on the golf course.
160
Ms. Kilinski reminded the Board that the prospective purchaser will expend capital funds
161
and other monies as an investment in the community, in an effort to build it out, market and sell
162
it. She advised that the resolution will reflect the changes just described, in substantial form.
163
Ms. Kilinski noted that Ms. Jan Carpenter was in attendance, representing the prospective
164
purchaser, and they will work together to ensure that the language is articulated as to today’s
165
business decisions ultimately made by the Board.
166
Ms. Brown requested that Ms. Kilinski circulate the payment schedule. Ms. Kilinski
167
pointed out that, if the District collects assessments in typical fashion, the Board adopts an
168
assessment resolution indicating that those assessments that are directly collected by the District
169
are collected in a certain time period. For the golf course, it may be quarterly, on November 1,
170
February 1, May 1 and August 1. This resolution will essentially adopt an assessment schedule
5
ARLINGTON RIDGE CDD
December 2, 2013
171
that will be placed in the assessment resolution, on a going forward basis, for the O&M
172
assessments on those properties, for every quarter. The District will know which properties are
173
directly billed based on what is certified to the District from the prospective landowner and the
174
District will be entitled to rely on that document per the agreement.
175
Ms. Joan Kelly, a resident, requested clarification with regard to the golf course portion.
176
Ms. Kilinski explained that the prospective purchaser is making a substantial investment in the
177
community. It is not unusual for there to be some type of forgiveness or alternative schedule on
178
the O&M assessments, or consideration for a lesser amount of O&M assessments, when there is
179
a default, with the idea that someone is purchasing a huge piece of land and the carry on that land
180
and the O&M assessments are too great for the purchaser to make the business deal when
181
nothing has been built or sold. In consideration for their investment in the community, the
182
District is agreeing to give consideration for the $24,000 assessment until the project is up and
183
running.
184
purchaser.
The agreement will only be entered into if there is evidence of closing by the
185
In response to a question from Ms. Kelly, Ms. Kilinski stated that the assessment will be
186
levied but the additional money will not come from anyone; the $24,000 will be gone. She noted
187
the number of residents that may come into the community and pay assessments not before paid
188
and that there someone will be paying on the lots that the bank has not been paying on.
189
Mr. Ryan indicated that, in looking at the budget for this fiscal year and at the District’s
190
financial statements, moving forward, there is a line item under “Revenue” for “Off-roll golf
191
course assessments”, for about $24,000. That line item will show a zero for this year and, in
192
future years, the Board will not budget for it because they are being asked to forgive it for a
193
period of time. In return for that, the purchaser will make a substantial investment in the
194
community, provide trailer space for storage and maintain the stormwater retention ponds.
195
196
Mr. Setaro clarified that the purchaser will pay the District the $24,000 and then the
District will pay them $24,000 for storage space.
197
Ms. Liphardt asked if there will be three entities; the golf course, the CDD and Terra
198
Management, when the new company comes in. Mr. Ryan replied there will be a golf course, a
199
CDD and an HOA and pointed out that there will be a much better relationship with the HOA
200
and with the new owners, than there was in the past, with the bank. Mr. Ryan commented that
201
the purchaser will have a vested interest in seeing the community grow and prosper.
6
ARLINGTON RIDGE CDD
December 2, 2013
202
With regard to the fiscal years in the O&M Payment Agreement, Mr. Ryan indicated that
203
the agreement will be for Fiscal Year 2013/2014 and four years from this fiscal year. Mr. Smith
204
advised that Fiscal Year 2017/2018 will be the fifth year.
205

Resolution 2014-4, Approving an O & M Payment Agreement
206
207
Ms. Kilinski stated that Resolution 2014-4 is similar in form to the previous resolution.
208
She pointed out, for the record, that the heading will be updated and, in Section 2, “forbearance”
209
will be changed to “O&M Payment”.
210
Ms. Kilinski explained that this resolution discusses the District’s establishment; attached
211
is the O&M Payment Agreement and, by its adoption, the Board is approving the O&M Payment
212
Agreement, in substantial form, recognizing that it must be updated to reflect Fiscal Years
213
2013/2014 through 2017/2018, for the five years, and the Board is authorizing District Staff to
214
effectuate the terms of the agreement upon approval and it is conditioned upon the closing of the
215
property. Ms. Kilinski noted that the main exhibit to the O&M Payment Agreement, which is a
216
form of the lease agreement, has not yet been reviewed by the purchaser’s counsel and, thus, will
217
be in substantial form. She also pointed out that the property description will be finalized at that
218
time.
219
Mr. Setaro explained that this agreement means that the District is giving the purchaser
220
some relief, for cash flow purposes but it will not affect the residents because the District does
221
not receive payments until May or June, each year, and they will now receive payments
222
quarterly. He noted that, once houses are built, they automatically go back on roll; therefore,
223
each year, that amount should decrease.
224
Mr. Smith referred to Page 4 of the agreement and indicated that the purchaser will
225
provide the initial description of the settlement property to the CDD on or before March 15;
226
therefore, the CDD must wait until the list is received before contacting the county. Ms. Kilinski
227
agreed and confirmed that, shortly after closing, the purchaser may provide a list of the lots that
228
are certain to be on the settlement list, with a final list to be provided by March 15, for this fiscal
229
year. Mr. Smith stated that the District will request that the lots on the final list be removed from
230
the tax rolls for the current fiscal year. In August, another list will be provided for the next fiscal
231
year.
232
7
ARLINGTON RIDGE CDD
233
234
235
236
237
238
239
240
241
242
243
December 2, 2013
all in favor, Resolution 2014-4, Approving an O&M Payment
Agreement in Substantial Form; Authorizing the Chairman
and District Staff to Take the Necessary Actions to Effectuate
the Terms of the O&M Payment Agreement; Providing a
Severability Clause; and Providing an Effective Date, as
amended, was adopted.
Mr. Ryan stressed that the resolutions will not go into effect until there is an actual
closing. He pointed out that the deal must be finalized by the end of December.
244
245
246
247
SIXTH ORDER OF BUSINESS
248
options.
249
Discussion: Storage of Holiday Lights
Mr. Adams advised that Mr. Cosmo asked that this item be deferred, as he is looking into
Mr. Ryan expressed his thanks to the decorating committee for their efforts.
250
251
252
253
254
SEVENTH ORDER OF BUSINESS
Consideration of Notice Under Food &
Beverage Agreements
255
and beverage agreement whereby the District owns the restaurant but Century Golf manages it.
256
The bank has asked the District to allow that to continue. One of the provisions of the agreement
257
is that, if REDUS sells the property, the District has some options.
Mr. Ryan stated that, under the agreement with REDUS, the District entered into a food
258
Ms. Kilinski explained that, under the Food and Beverage Funding Agreement, which is
259
currently between REDUS Arlington Ridge and the District, the CDD has been asked to
260
acknowledge and approve the assignment of that agreement, contingent upon evidence of sale of
261
the property from REDUS to CB Arlington Ridge Landco.
262
263
264
265
266
267
268
269
On MOTION by Mr. Smith and seconded by Mr. Setaro, with
all in favor, the assignment of the Food and Beverage Funding
Agreement from REDUS Arlington Ridge to CB Arlington
Ridge Landco, contingent upon evidence of the sale of the
property, was approved.
8
ARLINGTON RIDGE CDD
December 2, 2013
270
Ms. Kilinski indicated that the second part of the discussion is consideration of the notice
271
under the Food & Beverage Agreement. She referred to Page 12, Section VII TERMINATION,
272
Section 7.1, “Termination by Owner” and explained that, in the last three budgets, the District
273
budgeted $25,000 towards the $75,000 buyout. In the event of the sale of the Golf Club, upon
274
sixty (60) days prior written notice to the Manager, the District can terminate the agreement
275
without paying the $75,000 fee, in the first five years.
276
Ms. Kilinski indicated that she was seeking approval from the Board to write a notice to
277
Century Golf stating that the District recognizes that there is an impending sale or that the sale
278
has occurred and asking for six months time to give them a notice of termination of this
279
agreement, rather than 60 days. The District’s understanding, from the prospective purchasers, is
280
that they are working through the terms of the agreement. The extension will give the purchaser
281
six months to show that they are comfortable with Century Golf but also retains the District’s
282
rights, per this agreement, to that notice of termination without payment of $75,000. If, for some
283
reason, between now and the time that the notice is written, Century Golf indicates that they are
284
not willing to accept, Ms. Kilinski will report to the Board, in January, and they will still have
285
time to give notice that the District will terminate the agreement or ask for consideration to
286
terminate without payment of $75,000, at a later date.
287
288
289
290
291
292
293
294
295
296
297
298
299
300
On MOTION by Ms. Brown and seconded by Mr. Setaro, with
all in favor, authorizing District Counsel to send a Notice of
Right to Terminate Agreement amendment to Century Golf
extending the termination notice period from 60 days to six
months, without payment of the $75,000 fee, was approved.
EIGHTH ORDER OF BUSINESS
A.
Consideration of
Funding Requests
Events
Committee
Name That Tune (February 28, 2014)
Mr. Ryan indicated that three funding requests were received from the Events Committee
for the fiscal year.
301
Mr. Ryan stated that the first request is for a “Name that Tune” event to be held on
302
February 28, 2014 at Fairfax Hall. He pointed out that it appears that the committee anticipates
303
making a profit so no funding is required.
9
ARLINGTON RIDGE CDD
304
305
Ms. Samp clarified that the committee is anticipating 125 people to attend. If there are
fewer attendees, funding may be required.
306
307
December 2, 2013
Mr. Ryan explained that the CDD is sponsoring four or five major events each year and
the residents are asking that this be considered a major event.
308
309
310
311
312
313
314
all in favor, accepting Name That Tune as a CDD sponsored
event, as discussed, was approved.
B.
Spring Fling Dance (April, 2014)
315
Mr. Ryan advised that the actual date of the Spring Fling Dance is to be determined. The
316
event will be held at Fairfax Hall and a buffet is planned, with dancing and live band music. The
317
anticipated funding is about $1,350.
318
319
Ms. Brown questioned the cost of the buffet. Mr. Smith suggested having Ms. Cox assist
with this event, since it is not until April.
320
321
Ms. Brown requested that the “2013-2014 Starting Balance”, on the funding requests, be
removed, noting that the $5,000 is not specific to the Events Committee.
322
323
This item was deferred.
C.
324
Caribbean Themed Pool Party (September, 2014)
This item was deferred.
325
326
327
328
329
330
331
332
333
334
335
336
On MOTION by Mr. Smith and seconded by Ms. Brown, with
all in favor, deferring approval of the Spring Fling Dance and
the Caribbean Themed Pool Party to the On-Site
Administrator, who will work with the Events Committee
Chairperson on the details, was approved.
NINTH ORDER OF BUSINESS
A.
Consideration
Application
of
Resident
Clubs
–
Bunco Group
337
Mr. Ryan presented the application for the Bunco Group to become a Resident Club. He
338
stated that the club meets on the third Monday of every month, in the Craft Room, at 6:30 p.m.
339
All residents are invited.
10
ARLINGTON RIDGE CDD
December 2, 2013
340
341
342
343
344
345
346
347
348
all in favor, designating the Bunco Group as a Resident Club,
was approved.
B.
Casual Cards Club
Mr. Ryan presented the application from the Casual Cards Club to become an approved
Resident Club.
349
Mr. Smith recalled that the Facilities Use Policy limits reservations to one time per week.
350
Ms. Brown pointed out that the time frame on the application is from 6:30 p.m., to 9:30
351
352
p.m., and, currently, all buildings are closed at 9:00 p.m.
Mr. Adams confirmed that reservations are limited to once per week.
Mr. Smith
353
suggested that the club choose a primary day of the week to meet, if they meet more than once
354
per week, with a secondary day subject to other reservations, up to one year at a time.
355
Ms. Kilinski requested that Mr. Adams provide amended policy language. She noted that
356
the Board may modify the policy by motion. In January or February, the Board can review the
357
District’s policies for revisions.
358
A resident pointed out that more reservations are needed in the winter months than in the
359
summer and those who actually take part may provide additional input. Mr. Ryan indicated that
360
one of the reasons that an On-Site Administrator was hired was to work through these issues.
361
Residents will provide input to Ms. Cox and Ms. Cox will solicit input from residents. Mr. Ryan
362
stated that, starting today, anyone desiring to register a club will meet with Ms. Cox. All
363
applications will be approved by Ms. Cox and Mr. Adams.
364
Ms. Rector asked when the additional room will be available. Mr. Adams stated that the
365
phones, surge protectors and cubicles will be removed and tables and chairs will be added. He
366
anticipated availability within the next 30 days.
367
368
369
370
371
372
373
all in favor, designating the Casual Cards Club as an approved
Resident Club, as well as requiring a primary and secondary
reservation for clubs meeting more than one time per week and
changing the three month reservation requirement to one year,
were approved.
11
ARLINGTON RIDGE CDD
374
375
376
TENTH ORDER OF BUSINESS
Update: SPE Activities
Ms. Kilinski had no updates.
377
378
December 2, 2013
Mr. Ryan indicated that this item is on every agenda and he suggested placing it under
the Attorney’s report.
379
380
381
382
ELEVENTH ORDER OF BUSINESS
A.
383
384
Approval of Minutes
October 24, 2013 Workshop
Mr. Ryan presented the October 24, 2013 Workshop Minutes and asked for any
additions, deletions or corrections.
385
386
387
388
389
390
391
all in favor, the October 24, 2013 Workshop Minutes, as
presented, were approved.
B.
392
393
October 30, 2013 Workshop
Mr. Ryan presented the October 30, 2013 Workshop Minutes and asked for any
394
The following changes were made:
395
Lines 31 and 32: Delete sentence
396
Lines 155 and 156: Delete sentence
397
Line 310: Change “golf” to “gala”
398
399
400
401
402
403
404
405
406
407
all in favor, the October 30, 2013 Workshop Minutes, as
amended, were approved.
C.
November 6, 2013 Regular Meeting
Mr. Ryan presented the November 6, 2013 Regular Meeting Minutes and asked for any
Line 34: Add “Lucas” after “Bob”
408
12
ARLINGTON RIDGE CDD
409
410
411
412
413
414
415
416
December 2, 2013
all in favor, the November 6, 2013 Regular Meeting Minutes,
as amended, were approved.
TWELFTH ORDER OF BUSINESS
Other Business
There being no other business to discuss, the next item followed.
417
418
419
420
THIRTEENTH ORDER OF BUSINESS
A.
421
422
Staff Reports
Attorney
There being nothing additional to report, the next item followed.
B.
Manager
423
i.
424
Mr. Adams presented the Unaudited Financial Statements as of October 31, 2013. He
425
pointed out that the vast amount of early month activity is accrued to the prior fiscal year and
426
appears in the September 30 financial statements.
427
428
Approval of Unaudited Financial Statements as of October 31, 2013
Mr. Adams noted that the insurance premiums were paid during October and are onetime payments.
429
Mr. Adams indicated that the Board and Staff will move forward with a reserve study,
430
which will help the Board identify additional designated reserve categories, on the Balance
431
Sheet, that will relate to the amenities.
432
ii.
Operational Report
433
Mr. Adams reported that the blue and yellow flowers have arrived. The gardening area in
434
the dry retention area was removed and refurbished to its original condition. The furniture and
435
bricks that were in the butterfly garden were moved last week and placed between Fairfax Hall
436
and the theater. Morrison Electric completed some work related to updating the outlets and
437
relocating some of the outlets at the front entry to better accommodate the holiday lighting. In
438
evaluating the uplighting at the front entrance, it was noted that a large number of those lights
439
were either out or the condition had deteriorated and became a hazard. Those lights will be
440
converted to LED.
13
ARLINGTON RIDGE CDD
December 2, 2013
441
With regard to the signage, Mr. Adams indicated that the original backlighting was neon
442
and the decision was made, years ago, not to repair or replace it. The lettering will be re-lit from
443
the front of the flower beds.
444
Mr. Adams advised that the mulch was scheduled to be changed out in November. Mr.
445
Adams met with OneSource and highlighted that for them and they are currently scheduling
446
installation during the month of December. Overall, OneSource has done a good job and he has
447
seen tremendous improvement.
448
449
Mr. Smith inquired about the status of the fitness center. Mr. Adams stated that the
treadmills and the elliptical were removed and the new equipment will be installed tomorrow.
450
Mr. Smith reported that some of the street lights have a yellow band on them. Mr. Bob
451
Lucas, a resident, stated that a repair order was placed for the 13 or 14 lights that were out on
452
Arlington Ridge Boulevard and those with a yellow band are under repair.
453
Ms. Brown inquired about the additional bid for the key card system. Mr. Adams stated
454
that he did not hear from the company. He contacted the headquarters in Melbourne advising
455
that he did not receive a response and was told that he would get a response within the next day
456
or two; however, none was received. Mr. Adams stated that he will pursue another company.
457
Mr. Smith asked the status of the swimming pool. Mr. Adams noted that he is waiting for
458
one last proposal, which is coming in the form of a landscape replacement proposal, from
459
OneSource, which he expects to receive this week.
460
iii.
NEXT MEETING: January 8, 2014 at 2:00 P.M.
461
The next meeting is scheduled for January 8, 2014.
462
463
464
465
466
FOURTEENTH ORDER OF BUSINESS
467
comments.
Supervisors’
Comments
Mr. Ryan asked for Supervisors’ requests.
Requests
and
Public
There being none, he asked for public
468
Mr. Cosmo advised that 30 to 35 volunteers installed decorations in the community and
469
he expressed his thanks to all of them. He noted that, last night, in the front of the community,
470
on the right-hand side going out, all of the lights were out; however, when the GFI was used,
471
they came on, so there is a problem. Mr. Cosmo also indicated that there is only one socket that
472
works in the Village Green.
14
ARLINGTON RIDGE CDD
December 2, 2013
473
A resident inquired about getting Wi-Fi in the exercise area. Mr. Ryan stated that there is
474
Wi-Fi in the Village Green. Ms. Cox will check into it. Mr. Adams advised that the Board may
475
want to consider relocating the Wi-Fi router because, between the current location and that side
476
of the Village Green, there is a large metal kiln, which will create major issues with a reliable
477
Wi-Fi feed into that end of the Green.
478
In response to a question, Mr. Ryan recalled past discussion regarding repurposing some
479
of the facilities, such as the computer room. He noted that the Ice Cream Parlor, at Chatham’s,
480
will be addressed next year and those items are on the Board’s agenda. More than likely, with a
481
potential new owner, additional facilities will be addressed.
482
483
Ms. Kelly asked for Ms. Cox’s job description. Mr. Adams advised that it will be posted
on the website.
484
485
Mr. Ryan explained that Ms. Cox will report directly to Mr. Adams, who is the CDD OffSite Manager.
486
487
488
489
Mr. Ryan noted that the next Regular Meeting will be held on January 8, 2014 at 2:00
p.m.
Mr. Ryan thanked the residents for their attendance at the CDD meetings and for their
input and wished them a happy holiday season.
490
491
492
493
FIFTEENTH ORDER OF BUSINESS
Adjournment
494
p.m., at Fairfax Hall, in case the potential purchasers need the Board to take action. Notice will
495
be provided if the continued meeting is cancelled.
Mr. Ryan indicated that this meeting will be continued to December 12, 2013 at 3:00
496
497
498
499
500
On MOTION by Mr. Setaro and seconded by Mr. Smith, with
all in favor, the meeting was continued to December 12, 2013 at
3:00 p.m.
15
ARLINGTON RIDGE CDD
501
502
503
504
505
506
507
508
509
510
December 2, 2013
_____________________________
______________________________
Chair/Vice Chair
16
AMENDMENT TO THE AGREEMENT BY AND BETWEEN THE ARLINGTON
RIDGE COMMUNITY DEVELOPMENT DISTRICT ("DISTRICT") AND ARLINGTON
RIDGE CLUB MANAGEMENT LLC ("MANAGER") REGARDING FOOD AND
BEVERAGE MANAGEMENT SERVICES
RECITALS
WHEREAS, the
District and Manager previously entered into a certain Food and Beverage
Management Agreement, dated August 1, 2010 ("Management Agreement"), attached hereto as
Exhibit A; and
WHEREAS, Section 7.1 of the Management Agreement provides that the District may
terminate the Management Agreement in the event of a sale of the Golf Club, as therein defmed,
upon sixty (60) days prior written notice to the Manager, which termination would not result in a
termination fee due from District to Manager; and
WHEREAS, the
Golf Club sold on or about December 16, 2013; and
in lieu of terminating the agreement due to such sale, the District is
requesting an amendment to the Management Agreement to provide that the District shall have
one hundred and eighty (180) days from the time of a notice from Manager that the Golf Club
has sold to terminate the Management Agreement, which termination would not result in a
termination fee due from District to Manager; and
WHEREAS,
WHEREAS, the parties desire to amend the Management Agreement as set forth in more
detail in Section 2 below; and
WHEREAS, each of the parties hereto has the authority to execute this Amendment and to
perform its obligations and duties hereunder, and each party has satisfied all conditions precedent
to the execution of this Amendment so that this Amendment constitutes a legal and binding
obligation of each party hereto.
Now, THEREFORE, based upon good and valuable consideration and the mutual
covenants of the parties, the receipt of which and sufficiency of which is hereby acknowledged,
the District and the Manager agree as follows:
SECTION 1.
The Management Agreement is hereby affirmed and continues to
constitute a valid and binding agreement between the parties. Except as described in Section 2
of this Amendment, nothing herein shall modify the rights and obligations of the parties under
the Management Agreement All of the remaining provisions, including, but not limited to,
indemnification and sovereign immunity provisions, remain in full effect and fully enforceable.
Section 7.1 (i) of the Management Agreement shall be deleted in its
entirety and replaced with the following:
SEcriON l.
Termination by Owner. Owner shall be entitled to a consideration period of one hundred and
eighty (180) days (the "Consideration Period") to determine whether or not it wishes to exercise
its rights to terminate this Agreement upon the sale of the Golf Club without payment of a
Termination Fee, as set forth in provision (i) of the preceding sentence. The Consideration Period
shall commence on the closing date of the sale of the Golf Club ("Closing''), which shall be set
forth in a notice from Manager to Owner that such sale has occurred, and continue until the end
of business on the date which is 180 days after Closing. If Owner does not elect to terminate this
Agreement during the Consideration Period, by sending the required 60-day termination notice
no later than the last day of the Consideration Period, then Owner's option to terminate this
Agreement under clause (i) of the first sentence of this Section 7.1, will expire and be of no
further force or effect.
The remainder of Section 7.1 shall otherwise remain the same and in full force and effect.
IN WITNESS WHEREOF, the parties hereto have signed this Amendment to the Food
and Beverage Management Agreement on December
2013, which shall be the effective
. date of this Amendment.
ATTEST:
ARLINGTON RIDGE COMMUNITY
DEVELOPMENT DISTRICT
Chai~
-
' MlC"A.E:L
Print Name
ATTEST:
:I:
~A.,j
C t..\E$l.E'( E. Ab.tv1.-s :;tr.
ARLINGTON RIDGE CLUB MANAGEMENT
LLC
Prin-t:___________________________
By:
Its:
-----------------------------
ARLINGTON RIDGE
FINANCIAL STATEMENTS
UNAUDITED
NOVEMBER 30, 2013
ARLINGTON RIDGE
BALANCE SHEET
GOVERNMENTAL FUNDS
NOVEMBER 30, 2013
Major Funds
Debt
Service
Series 2006
General
ASSETS
Cash
SunTrust Bank - undesignated
Cash on hand/petty cash - undesignated
Investments
Revenue
Reserve
Prepayment
Construction
Due from other funds
General
Assessments receivable
SPE acreted off-roll assessment
Inventory (refundable by Century)
Total assets
LIABILITIES & FUND BALANCES
Liabilities:
Accounts payable
Debt service payable
Due to other funds
Debt service
Deferred revenue
Total liabilities
Fund balances:
Nonspendable
Prepaid items and inventory
Committed
F&B management agreement buyout
Common area maintenance
Resricted for:
Capital projects
Undesignated, unreserved
Total fund balances
Total liabilities and fund balances
$1,251,678
500
$
-
Capital
Projects
Series 2006
$
Total
Governmental
Funds
-
$ 1,251,678
500
-
544,254
126,512
98,389
-
1,755
544,254
126,512
98,389
1,755
34,818
264,562
9,733
$ 1,561,291
136,726
95,063
$ 1,000,944
$
1,755
136,726
129,881
264,562
9,733
$ 2,563,990
$
$
$
29,167
785,000
-
$
29,167
785,000
136,726
299,380
465,273
95,063
880,063
-
136,726
394,443
1,345,336
9,733
-
-
9,733
75,000
67,316
-
-
75,000
67,316
943,969
1,096,018
120,881
120,881
1,755
1,755
1,755
1,064,850
1,218,654
$ 1,561,291
$ 1,000,944
1,755
$ 2,563,990
$
1
ARLINGTON RIDGE
STATEMENT OF REVENUES, EXPENDITURES,
AND CHANGES IN FUND BALANCES
GENERAL FUND
FOR THE PERIOD ENDED NOVEMBER 30, 2013
Current
Month
REVENUES
Assessment levy: on-roll (net)
Assessment levy: Golf Course
Assessment levy: off-roll
SPE O&M
Interest & miscellaneous
Fairfax Hall - Sales/banquets
Lexington Spa
Total revenues
EXPENDITURES
Professional and administrative
Accounting
Annual district filing fee
Audit
Insurance - public officials & general liability
Legal advertising
Miscellaneous - contingency
Postage & freight
Printing & binding
Prof. services - dissemination Agent
Prof. services - arbitrage
Prof. services - engineering
Prof. services - legal
Prof. services - management consulting
Prof. services - recording
Prof. services - special assessments
Prof. services - trustee
Property taxes
Total professional and administrative
$
6,119
1,808
500
8,427
621
312
134
230
292
2,846
431
388
9,076
14,330
Year to
Date
$
Annual
Budget
% of
Budget
6,119
2,229
750
9,098
$ 1,110,520
24,475
385,787
93,000
2,000
6,000
1,000
1,622,782
0%
25%
0%
0%
111%
13%
0%
1%
1,242
175
8,343
409
260
263
583
5,693
863
776
9,076
27,683
7,452
175
9,150
8,505
1,000
2,800
150
3,500
5,000
1,200
1,000
33,000
34,155
5,175
4,658
6,075
10,000
132,995
17%
100%
0%
98%
41%
9%
175%
17%
0%
0%
0%
0%
17%
17%
17%
0%
91%
21%
2
ARLINGTON RIDGE
GENERAL FUND
Current
Month
Towncenter administration
Part-time services
Computer services
Electricity
Equipment rental/lease
Event expense
Insurance
Janitorial service
Office supplies
Pest control
Postage & freight
Repairs & maintenance
Telephone
Water & sewer
Total towncenter administration
Year to
Date
Annual
Budget
% of
Budget
1,447
20
194
331
92
355
27
19
882
363
53
3,808
2,927
40
194
331
1,350
32,824
92
355
27
19
882
363
53
39,482
50,000
750
2,800
4,000
5,000
34,479
1,600
1,800
300
1,500
11,000
1,500
500
115,229
6%
5%
7%
8%
27%
95%
6%
20%
9%
1%
8%
24%
11%
34%
Gate House
Electricity - general
Electricity - street lighting
Security contract
Telephone
Water & sewer
Total gate house
226
7,165
8,511
88
37
16,027
226
7,165
17,023
88
37
24,539
3,000
88,000
7,000
103,800
750
500
203,050
8%
8%
0%
16%
12%
7%
12%
Common area/recreation
Contract maintenance
Plant replacement
Irrigation - repairs & supplies
Janitorial service
Capital outlay: misc
Tennis court maintenance
Water & sewer
Total common area/recreation
25,153
36
1,472
46
17
26,724
25,553
36
1,472
46
17
27,224
153,000
23,500
350
3,000
480
132,000
5,000
2,500
35,000
354,830
17%
0%
10%
49%
10%
0%
0%
0%
0%
8%
3
ARLINGTON RIDGE
GENERAL FUND
Current
Month
Other fees & charges
Tax collector
Total other fees and charges
Year to
Date
Annual
Budget
% of
Budget
-
-
23,136
23,136
0%
0%
Fairfax hall
Janitorial service
Pest control
Security system
Telephone
Water & sewer
Total Fairfax Hall
686
214
87
274
90
1,351
686
214
87
274
90
1,351
9,000
3,200
1,020
3,500
375
650
1,200
18,945
8%
7%
9%
0%
73%
0%
8%
7%
Social center
Janitorial service
Licenses & permits
Operating supplies
Pest control
Repairs & maintenance - general
Water/sewer/gas
Total social center
313
290
532
77
265
684
2,161
313
290
532
77
265
684
2,161
3,600
3,500
1,000
650
1,600
3,000
9,200
22,550
9%
8%
53%
0%
5%
9%
7%
10%
1,202
1,111
67
1,590
4,145
22,102
30,217
1,202
1,111
67
1,590
4,456
22,102
30,528
22,000
1,500
11,800
600
780
19,080
8,000
500
9,000
23,000
96,260
5%
0%
9%
0%
9%
8%
56%
0%
0%
N/A
32%
57
57
57
57
35,000
35,000
0%
0%
Lexington Spa
Heat and air conditioning R&M
Janitorial
Licenses & permits
Pest control
Pool contract
Supplies - other
Water/sewer/gas
Capital outlay
Total Lexington spa
Restaurant
Capital outlay
Total restaurant
4
ARLINGTON RIDGE
GENERAL FUND
Total expenditures
Excess/(deficiency) of revenues
over/(under) expenditures
Beginning fund balance
Nonspendable
Committed
Designated - common area
Unassigned
Total beginning fund balance
Ending fund balance
Nonspendable
Committed
Designated - common area
Unassigned
Total ending fund balance
Current
Month
94,675
(86,248)
Year to
Date
153,025
(143,927)
Annual
Budget
1,001,995
% of
Budget
15%
620,787
9,733
9,733
9,733
75,000
67,316
1,030,217
1,182,266
75,000
67,316
1,087,896
1,239,945
75,000
67,316
995,255
1,147,304
9,733
9,733
9,733
75,000
67,316
943,969
$1,096,018
75,000
67,316
943,969
$1,096,018
75,000
67,316
1,616,042
$1,768,091
5
ARLINGTON RIDGE
DEBT SERVICE FUND SERIES 2006
Current
Month
REVENUES
Assessment levy: on-roll (net)
Assessment levy: off-roll
Assessment prepayment
Interest
Total revenues
$
57,386
9,498
10
66,894
Year to
Date
$
57,386
9,498
29
66,913
Budget
$
% of
Budget
620,088
114,771
734,859
0%
50%
N/A
N/A
9%
EXPENDITURES
Principal
Interest
Total expenditures
410,850
410,850
410,850
410,850
310,000
762,850
1,072,850
0%
54%
38%
Other fees & charges
Property appraiser
Tax collector
SPE
Contingencies
Total other fees & charges
Total expenditures
1
1
410,851
1
1
410,851
9,689
12,919
93,000
115,608
1,188,458
0%
0%
0%
N/A
0%
35%
(343,957)
(343,938)
Excess/(deficiency) of revenues
over/(under) expenditures
OTHER FINANCING SOURCES/(USES)
Ending fund balance
$
464,838
120,881
$
464,819
120,881
(453,599)
(953,342)
$ (1,406,941)
6
ARLINGTON RIDGE
CAPITAL PROJECTS FUND SERIES 2006
REVENUES
Total revenues
EXPENDITURES
Total expenditures
Net increase/(decrease), fund balance
Ending fund balance
Current
Month
$
-
Year to
Date
$
-
-
-
1,755
$ 1,755
1,755
$ 1,755
7

1-8-14 Agenda - Arlington Ridge CDD

Transcription

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