CORDOVA PALMS
Community Development District
JUNE 8, 2022

AGENDA

Cordova Palms Community Development District 475 West Town Place, Suite 114
St. Augustine, Florida 32092 www.CordovaPalmsCDD.com

June 1, 2022

Board of Supervisors
Cordova Palms Community Development District
Call in #: 1-913-227-1201 Code: 410226

Dear Board Members:

The Cordova Palms Community Development District Meeting is scheduled to be held Wednesday, June 8, 2022 at 10:00 a.m. at the offices of Governmental Management Services, LLC, 475 West Town Place, Suite 114, St. Augustine, Florida 32092.
Following is the agenda for the meeting:

Call to Order

Public Comment

Financing Matters for Series 2022 Bonds
Consideration of Resolution 2022-09, Approving Developer Agreements in Substantial Form and Authorizing the Chairman to Execute the Agreements

Approval of Minutes of the May 11, 2022 Meeting

Consideration of Resolution 2022-10, Approving a Proposed Budget for Fiscal Year 2023 and Setting a Public Hearing Date

Consideration of Resolution 2022-11, Authorizing Issuance of a Request for Proposals for the Phase III Infrastructure Improvement Project

Staff Reports
District Counsel

District Engineer
Requisition Summary

Ratification of Work Authorization No. 3 for Preparation of a Stormwater Needs Analysis Report

Stormwater Management Plan

District Manager

Financial Reports
Financial Statements as of April 30, 2022

Consideration of Funding Request No. 13

Supervisor Requests and Audience Comments

Next Scheduled Meeting – July 13, 2022 at 10:00 a.m. at the offices of Governmental Management Services, LLC, 475 W. Town Place, Suite 114, St. Augustine, Florida 32092

Adjournment

THIRD ORDER OF BUSINESS

A.

RESOLUTION 2022-09

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE CORDOVA PALMS COMMUNITY DEVELOPMENT DISTRICT APPROVING IN SUBSTANTIAL FORM THE AMENDMENT TO COLLATERAL ASSIGNMENT AGREEMENT FOR 2021 BONDS, AMENDMENT TO TRUE-UP AGREEMENT FOR 2021 BONDS, AMENDMENT TO COMPLETION AGREEMENT FOR 2021 BONDS; ACKNOWLEDGEMENT OF ACQUISITION AGREEMENT FOR 2021 BONDS, COLLATERAL ASSIGNMENT AGREEMENT FOR 2022 BONDS, TRUE-UP AGREEMENT FOR 2022 BONDS; AUTHORIZING THE CHAIRPERSON TO EXECUTE THE AMENDMENT TO COLLATERAL ASSIGNMENT AGREEMENT FOR 2021 BONDS, AMENDMENT TO TRUE-UP AGREEMENT FOR 2021 BONDS, AMENDMENT TO COMPLETION AGREEMENT FOR 2021 BONDS; ACKNOWLEDGEMENT OF ACQUISITION AGREEMENT FOR 2021 BONDS, COLLATERAL ASSIGNMENT AGREEMENT FOR 2022 BONDS, TRUE-UP AGREEMENT FOR 2022 BONDS; PROVIDING GENERAL AUTHORIZATION; AND ADDRESSING CONFLICTS, SEVERABILITY, AND AN EFFECTIVE DATE

RECITALS

WHEREAS, the Cordova Palms Community Development District (“District”) is a local unit of special purpose government created and existing pursuant to Chapter 190, Florida Statutes, and situated within St. Johns County, Florida; and

WHEREAS, Chapter 190, Florida Statutes, authorizes the District to construct, install, operate, and/or maintain systems and facilities for certain basic infrastructure including, but not limited to, stormwater management system, roadway improvements, water and sewer utility systems, recreation improvements, and other improvements; and

WHEREAS, the District has adopted a report of its District Engineer, as may be amended and/or supplemented (“Engineer’s Report”), which sets forth the scope of the District’s capital improvement plan and the improvements which are to be constructed therewith (“Improvements”); and

WHEREAS, the District intends on financing a portion of the Improvements through the issuance of its special assessment revenue bonds as described in more detail in Resolution 2022- 08 (the “Bonds”); and

WHEREAS, in connection with the issuance of the Bonds, the District will enter into the Amendment to Collateral Assignment for 2021 Bonds, Amendment to True-Up Agreement for 2021 Bonds, Amendment to Completion Agreement for 2021 Bonds, Acknowledgement of Acquisition Agreement for 2021 Bonds, Collateral Assignment Agreement for 2022 Bonds, and

True-Up Agreement for 2022 Bonds (collectively the “Developer Agreements”), copies of which are attached hereto as Composite Exhibit A; and

WHEREAS, the Board has reviewed, considered and desires to approve forms of the Developer Agreements, and finds that the execution of the Developer Agreements is in the best interest of the District, its landowners and future residents; and

WHEREAS, the District desires to authorize the Chairperson, in connection with the recommendation of District Staff, to negotiate, finalize, and execute the Developer Agreements on the District’s behalf.

NOW THEREFORE BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE CORDOVA PALMS COMMUNITY DEVELOPMENT DISTRICT:

FINDINGS. The recitals as stated above are true and correct and by this reference are incorporated into and form a material part of this Resolution.

APPROVAL OF THE DEVELOPER AGREEMENTS. The Developer Agreements, attached hereto as Composite Exhibit A, are hereby approved in substantial form, subject to any further revisions that may be made by the District’s Chairperson, in consultation with District Staff.

EXECUTION OF DEVELOPER AGREEMENTS. The Chairperson is authorized to execute the Developer Agreements at a time to be determined by the Chairperson, in consultation with District Staff.

ADDITIONAL AUTHORIZATION. The Vice Chair shall be authorized to undertake any action herein authorized to be taken by the Chairperson, in the absence or unavailability of the Chairperson, and any Assistant Secretary shall be authorized to undertake any action herein authorized to be taken by the Secretary, in the absence or unavailability of the Secretary.

CONFLICTS. If any provision of this Resolution is held to be in conflict with another resolution of the District, the resolutions shall be read to harmony to the extent possible, and, otherwise, the terms of this Resolution shall control with respect to the subject matter addressed herein.

SEVERABILITY. If any provision of this Resolution is held to be illegal or invalid, the other provisions shall remain in full force and effect.

EFFECTIVE DATE. This Resolution shall become effective upon its passage and shall remain in effect unless rescinded or repealed.

PASSED AND ADOPTED this 8th day of June, 2022.

WITNESS:	CORDOVA PALMS COMMUNITY DEVELOPMENT DISTRICT

Secretary/Assistant Secretary	Chairperson/Vice Chairperson

Composite Exhibit A:	Developer Agreements

MINUTES

MINUTES OF MEETING
CORDOVA PALMS COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the Cordova Palms Community Development District was held on Wednesday, May 11, 2022 at 10:00 a.m. at the offices of Governmental Management Services, LLC, 475 West Town Place, Suite 114, St. Augustine, Florida 32092.

Present and constituting a quorum were:

Louis Cowling	Chairman
Don Guillon	Vice Chairman (by phone)
Andrew Charlson	Supervisor
Joyce Conway	Supervisor
Ken Brown	Supervisor

Also present were:

Daniel Laughlin	District Manager
Katie Buchanan	District Counsel (by phone)
Scott Wild	District Engineer
Chad Sigmon	Dream Finders Homes
Rhonda Mossing	MBS Capital Markets (by phone)
Ed Bulleit	MBS Capital Markets (by phone)
Sarah Warren	Bryant Miller Olive
Misty Taylor	Bryant Miller Olive

The following is a summary of the discussions and actions taken at the May 11, 2022 meeting. An audio copy of the proceedings can be obtained by contacting the District Manager.

FIRST ORDER OF BUSINESS	Roll Call
Mr. Laughlin called the meeting to order at 10:00 a.m.

SECOND ORDER OF BUSINESS	Public Comment
There being no members of the public present, the next item followed.

THIRD ORDER OF BUSINESS	Financing Matters for Series 2022 Bonds
Consideration of Supplemental Engineer’s Report
Mr. Wild provided the Board with an overview of the Second Supplemental Engineer’s Report to the Capital Improvement Plan for Phases 3 and 4. There are 733 residential units

May 11, 2022	Cordova Palms CDD

planned for the entirety of the District. Of the 733, there are 253 units planned for Phases 3 and
4. The permit for Phase 3 from the St. Johns Water Management District has been issued and the permit for Phase 4 is close to being issued. The County approvals are pending and should be issued in the next few weeks. Table 3 provides the summary of costs for Phases 3 and 4, totaling $8,091,100.

On MOTION by Mr. Cowling seconded by Mr. Brown with all in favor the Second Supplemental Engineer’s Report was approved in substantial form.

Consideration of Supplemental Assessment Methodology Report
A copy of the Second Supplemental Assessment Methodology Report was enclosed in the agenda package for the Board’s review. Ms. Mossing noted any comments made so far on the report have been provided for, including making sure it was clear the improvements in the capital improvement plan are a system of improvements, and not benefitting one area in particular over another. She also noted the par amount of bonds is being increased to fund additional costs related to Phases 1 and 2, as well as Phases 3 and 4. Both Phases will be paying the same assessments and will contain the same product types.

On MOTION by Mr. Cowling seconded by Mr. Brown with all in favor the Second Supplemental Assessment Methodology Report was approved in substantial form.

Consideration of Delegation Resolution 2022-08
Form of Second Supplemental Indenture
Form of Bond Purchase Contract
Form of Preliminary Limited Offering Memorandum
Form of Continuing Disclosure Agreement
Ms. Taylor provided an overview of the delegation resolution. It authorizes bonds in an amount not to exceed $11,000,000 and approves the forms of various documents needed in order to market, price and close on the bond issue, including the second supplemental trust indenture, bond purchase contract, preliminary limited offering memorandum, and a continuing disclosure agreement. It makes all of the negotiated sales findings required by Florida Statutes in order to sell the bonds. It appoints MBS Capital Markets as the underwriter for the bonds. It sets certain parameters for the Chair to sign the bond purchase contract and deem final the

May 11, 2022	Cordova Palms CDD

preliminary limited offering memorandum. It appoints Bank of New York Mellon as the trustee. Lastly, it authorizes the engineer’s report and assessment methodology report and authorizes future modifications to those reports if/as needed.

On MOTION by Mr. Cowling seconded by Mr. Brown with all in favor the delegation resolution was approved in substantial form.

FOURTH ORDER OF BUSINESS	Approval of Minutes of the April 13, 2022
Meeting
There were no comments on the minutes.

On MOTION by Mr. Cowling seconded by Mr. Brown with all in favor the minutes of the April 13, 2022 meeting were approved.

FIFTH ORDER OF BUSINESS	Consideration	of	Resolution	2022-09,
Approving a Proposed Budget for Fiscal Year 2023 and Setting a Public Hearing Date
Mr. Laughlin informed the Board the budget provided in the agenda package is a standard administrative costs-only budget. The Board discussed the need for including some field operations costs such as utilities and landscaping. This item was tabled to the June meeting.

SIXTH ORDER OF BUSINESS	Staff Reports
District Counsel
There being nothing to report, the next item followed.

District Engineer – Requisition Summary
Mr. Wild provided the Board a brief overview of the requisition summary, which includes requisition number 18 to be ratified, totaling $153,020.30. Requisition numbers 19 through 22 total $542,429.52 and were presented for consideration.

On MOTION by Mr. Cowling seconded by Mr. Brown with all in favor the requisition summary was approved.

District Manager – Report on the Number of Registered Voters (0)

May 11, 2022	Cordova Palms CDD

Mr. Laughlin informed the Board there are zero registered voters residing within the District boundaries as reported by the St. Johns County Supervisor of Elections.

SEVENTH ORDER OF BUSINESS	Financial Reports
Financial Statements as of March 31, 2022
Copies of the financial statements were included in the agenda package for the board’s
review.

Consideration of Funding Request No. 12
Mr. Laughlin noted funding request number twelve totals $4,521.98.

On MOTION by Mr. Cowling seconded by Mr. Brown with all in favor Funding Request No. 12 was approved.

EIGHTH ORDER OF BUSINESS	Supervisor	Requests	and	Audience
Comments
There being none, the next item followed.

NINTH ORDER OF BUSINESS	Next Scheduled Meeting – June 8, 2022 at
10:00 a.m. at the offices of Governmental Management Services, LLC, 475 West Town Place, Suite 114, St. Augustine, Florida 32092

TENTH ORDER OF BUSINESS	Adjournment

On MOTION by Mr. Cowling seconded by Ms. Conway with all in favor the meeting was adjourned

Secretary/Assistant Secretary	Chairman/Vice Chairman

FIFTH ORDER OF BUSINESS

RESOLUTION 2022-10

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE CORDOVA PALMS COMMUNITY DEVELOPMENT DISTRICT APPROVING PROPOSED BUDGETS FOR FISCAL YEAR 2022/2023; DECLARING SPECIAL ASSESSMENTS TO FUND THE PROPOSED BUDGETS PURSUANT TO CHAPTERS 170, 190 AND 197, FLORIDA STATUTES; SETTING PUBLIC HEARINGS; ADDRESSING PUBLICATION; ADDRESSING SEVERABILITY; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the District Manager has heretofore prepared and submitted to the Board of Supervisors (“Board”) of the Cordova Palms Community Development District (“District”) prior to June 15, 2022, proposed budgets (“Proposed Budget”) for the fiscal year beginning October 1, 2022 and ending September 30, 2023 (“Fiscal Year 2022/2023”); and

WHEREAS, it is in the best interest of the District to fund the administrative and operations services (together, “Services”) set forth in the Proposed Budget by levy of special assessments pursuant to Chapters 170, 190 and 197, Florida Statutes (“Assessments”), as set forth in the preliminary assessment roll included within the Proposed Budget; and

WHEREAS, the District hereby determines that benefits would accrue to the properties within the District, as outlined within the Proposed Budget, in an amount equal to or in excess of the Assessments, and that such Assessments would be fairly and reasonably allocated as set forth in the Proposed Budget; and

WHEREAS, the Board has considered the Proposed Budget, including the Assessments, and desires to set the required public hearings thereon;

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE CORDOVA PALMS COMMUNITY DEVELOPMENT DISTRICT:

PROPOSED BUDGET APPROVED. The Proposed Budget prepared by the District Manager for Fiscal Year 2022/2023 attached hereto as Exhibit A is hereby approved as the basis for conducting a public hearing to adopt said Proposed Budget.

DECLARING ASSESSMENTS. Pursuant to Chapters 170, 190 and 197, Florida Statutes, the Assessments shall defray the cost of the Services in the total estimated amounts set forth in the Proposed Budget. The nature of, and plans and specifications for, the Services to be funded by the Assessments are described in the Proposed Budget, which is on file and available for public inspection at the “District’s Office,” 475 West Town Place, Suite 114, St. Augustine, Florida 32092. The Assessments shall be levied within the District on all benefitted lots and lands, and shall be apportioned, all as described in the Proposed Budget and the preliminary assessment roll included therein. The preliminary assessment roll is also on file and available for public inspection at the District’s Office. The Assessments shall be paid in one more installments pursuant to a bill issued by the District in November of 2022, and pursuant to Chapter 170, Florida

Statutes, or, alternatively, pursuant to the Uniform Method as set forth in Chapter 197, Florida Statutes.

SETTING PUBLIC HEARINGS. Pursuant to Chapters 170, 190, and 197, Florida Statutes, public hearings on the approved Proposed Budget and the Assessments are hereby declared and set for the following date, hour and location:
DATE:	August 10, 2022
HOUR:	10:00 a.m.
LOCATION:	Office of Governmental Management Services, LLC
475 West Town Place, Suite 114 St. Augustine, Florida 32092

TRANSMITTAL OF PROPOSED BUDGET TO LOCAL GENERAL PURPOSE GOVERNMENT. The District Manager is hereby directed to submit a copy of the Proposed Budget to St. Johns at least 60 days prior to the hearing set above.

POSTING OF PROPOSED BUDGET. In accordance with Section 189.016, Florida Statutes, the District’s Secretary is further directed to post the approved Proposed Budget on the District’s website at least two days before the budget hearing date as set forth in Section 3, and shall remain on the website for at least 45 days.

PUBLICATION OF NOTICE. The District shall cause this Resolution to be published once a week for a period of two weeks in a newspaper of general circulation published in St. Johns County. Additionally, notice of the public hearings shall be published in the manner prescribed in Florida law.

SEVERABILITY. The invalidity or unenforceability of any one or more provisions of this Resolution shall not affect the validity or enforceability of the remaining portions of this Resolution, or any part thereof.
EFFECTIVE DATE. This Resolution shall take effect immediately upon adoption.

PASSED AND ADOPTED THIS 8th DAY OF June 2022.

ATTEST:	CORDOVA PALMS COMMUNITY
DEVELOPMENT DISTRICT

Secretary / Assistant Secretary	Chair/Vice Chair, Board of Supervisors

Exhibit A:	Proposed Budget

Cordova Palms
Community Development District

Proposed Budget
FY 2023

Cordova Palms
Community Development District

TABLE OF CONTENTS

General Fund
Budget	Page 1-2
Narrative	Page 3-5

SE 2021 Debt Service Fund
Summary of Revenues and Expenses	Page 6
Amortization Schedule	Page 7-8

Cordova Palms
Community Development District
General Fund
Proposed Operating Budget

	Adopted
Budget	Actuals
as of	Projected
Next 5	Total
Projected	Proposed
Budget	
Description	FY 2022	4/30/22	Months	9/30/22	FY 2023	

Revenues						
Assessments/Developer Contributions	$  118,393	$	43,834	$	62,273	$	106,107	$	333,018	
Total Revenues	$ 118,393	$	43,834	$	62,273	$	106,107	$	333,018	
Expenditures						
Administrative						
Supervisors Fees	$	12,000	$	-	$	6,000	$	6,000	$	12,000	
FICA Expense	$	918	$	-	$	459	$	459	$	918	
Engineering	$	12,000	$	1,022	$	5,095	$	6,117	$	12,000	
Arbitrage	$	-	$	-	$	600	$	600	$	800	
Attorney	$	25,000	$	2,786	$	7,500	$	10,286	$	25,000	
Annual Audit	$	-	$	-	$	3,300	$	3,300	$	3,400	
Assessment Administration	$	5,000	$	-	$	5,000	$	5,000	$	5,000	
Trustee Fees	$	-	$	-	$	5,000	$	5,000	$	5,000	
Dissemination	$	-	$	1,667	$	3,333	$	5,000	$	5,000	
Management Fees	$	45,000	$	26,250	$	18,750	$	45,000	$	47,250	
Website Creation/ADA Compliance	$	-	$	1,750	$	-	$	1,750	$	-	
Website Maintenance	$	1,200	$	700	$	800	$	1,500	$	1,500	
Information Technology	$	1,800	$	1,050	$	750	$	1,800	$	2,250	
Telephone	$	500	$	83	$	379	$	462	$	500	
Postage	$	1,500	$	27	$	1,465	$	1,492	$	1,500	
Insurance	$	5,500	$	5,000	$	-	$	5,000	$	5,625	
Printing & Binding	$	1,200	$	789	$	980	$	1,769	$	2,000	
Legal Advertising	$	5,000	$	485	$	1,250	$	1,735	$	2,000	
Other Current Charges	$	600	$	276	$	324	$	600	$	600	
Office Supplies	$	1,000	$	78	$	415	$	493	$	500	
Dues, Licenses & Subscriptions	$	175	$	175	$	-	$	175	$	175	
Total Administrative	$ 118,393	$	42,138	$	61,400	$	103,539	$	133,018	

Cordova Palms
Community Development District
General Fund
Proposed Operating Budget

	Adopted
Budget	Actuals
as of	Projected
Next 5	Total
Projected	Proposed
Budget	
Description	FY 2022	4/30/22	Months	9/30/22	FY 2023	

Grounds Maintenance						

Landscape - Maintenance	$	-	$	-	
$	-	
$	-	$	80,000	
Landscape - Contingency	$	-	$	-	$	-	$	-	$	5,000	
Landscape - Pond Banks	$	-	$	-	$	-	$	-	$	40,000	
Lake Maintenance	$	-	$	-	$	-	$	-	$	10,000	
Electric	$	-	$	-	$	-	$	-	$	3,000	
Water/Sewer/Irrigation	$	-	$	-	$	-	$	-	$	30,000	
Repairs & Maintenance	$	-	$	-	$	-	$	-	$	10,000	
Irrigation Repairs	$	-	$	-	$	-	$	-	$	10,000	
Pest Control	$	-	$	-	$	-	$	-	$	2,000	
Other Repairs and Maintenance	$	-	$	-	$	-	$	-	$	10,000	
Total Grounds Maintenance	$	-	$	-	$	-	$	-	$	200,000	
			
Total Expenditures	$ 118,393	$	42,138	$	61,400	$	103,539	$	333,018	

Excess Revenues (Expenditures)

$	-	$

1,695	$

873

$  2,568.24	$	-

Cordova Palms
Community Development District
General Fund Budget FY 2023

REVENUES:

Assessments/Developer Contributions

The District will levy a non ad-valorem special assessment on all taxable property within the District to fund all of the General Operating Expenditures for the fiscal year and collect from Developer remaining assessments for O&M portion.

EXPENDITURES:

Administrative:

Supervisors Fees

The Florida Statutes allows each board member to receive $200 per meeting not to exceed $4,800 in one year. The amount for the fiscal year is based upon five supervisors attending the estimated 12 annual meetings.

FICA Expense

These expenses represent the Employer's share of Social Security and Medicare taxes withheld from the Board of Supervisors checks.

Engineering

The District's engineering firm will be providing general engineering services to the District including attendance and preparation for monthly board meetings, review invoices, etc. England, Thims & Miller serves as the District’s engineering firm.

Arbitrage

The District is required to annually have an arbitrage rebate calculation on the District’s Series 2021 Bonds. Grau and Associates, CPAs, serves as the District’s independent certified public accounting firm to calculate the rebate liability and submit reports to the District.

Attorney

The District's legal counsel will be providing general legal services to the District including attendance and preparation for monthly meetings, review operating and maintenance contracts, etc. Kutak Rock LLP serves as the District’s legal counsel.

Annual Audit

The District is required annually to conduct an audit of its financial records by an Independent Certified Public Accounting Firm. Grau and Associates currently serves as the District’s Independent Auditor.

Assessment Administration

Governmental Management Services, LLC serves as the District’s collection agent and certifies the District’s non-ad valorem assessments with the county tax collector.

Cordova Palms
Community Development District
General Fund Budget FY 2023

Trustee Fees

The amount of the trustee fees is based on the agreement between The Bank of New York Mellon and the District for the Special Assessment Bond Series 2021.

Dissemination

The District is required by the Security and Exchange Commission to comply with Rule 15(c)(2)-12(b)(5), which relates to additional reporting requirements the District’s Special Assessment Bond Series 2021. It has contracted with Governmental Management Services, LLC to provide this service.

Management Fees

The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services, LLC. These services are further outlined in Exhibit "A" of the Management Agreement.

Website Maintenance

Represents the costs associated with monitoring and maintaining the District’s website created in accordance with Chapter 189, Florida Statutes. These services include site performance assessments, security and firewall maintenance, updates, document uploads, hosting and domain renewals, website backups, etc.

Information Technology

Represents costs related to the District’s information systems, which include but are not limited to video conferencing services, cloud storage services and servers, security, accounting software, etc.

Telephone

The cost of telephone and fax machine service.
Postage

Mailing of agenda packages, overnight deliveries, correspondence, etc.

Insurance

The District's General Liability & Public Officials Liability Insurance policy is with Florida Property Alliance Preferred (FPA) . FPA specializes in providing insurance coverage to governmental agencies.

Printing & Binding

Printing and binding agenda packages for board meetings, printing of computerized checks, stationary, envelopes etc.

Legal Advertising

The District is required to advertise various notices for monthly Board meetings, public hearings, and etc. in a newspaper of general circulation.

Cordova Palms
Community Development District
General Fund Budget FY 2023

Other Current Charges

Bank charges and any other miscellaneous expenses incurred during the year.

Office Supplies

Miscellaneous office supplies.

Dues, Licenses & Subscriptions

The District is required to pay an annual fee to the Florida Department of Economic Opportunity for $175. This is the only expense under this category for the District.
Grounds Maintenance:

Landscape Maintenance

Estimated costs related to maintain the common areas of the District.

Landscape Contingency

Estimated costs for other landscape maintenance incurred by the District.

Landscape Pond Banks

Estimated costs to maintain ponds in the District.

Lake Maintenance

Estimated costs to maintain ponds throughout the District.

Electric

Estimated costs for electric billed to the District by Clay County Electric.

Water/Sewer/Irrigation

Estimated costs for irrigation by the district for water, sewer and irrigation.

Repairs and Maintenance

Any costs related to miscellaneous repairs and maintenance that occur during the fiscal year.

Irrigation Repairs

Estimated miscellaneous irrigation maintenance and repair costs.

Pest Control

Estimated costs for pest control service incurred by the District.

Other Repairs and Maintenance

Estimated costs for other repairs and maintenance incurred by the district.

Cordova Palms

Total Revenues	$	456,759	$	456,	

Expenditures			
Series 2021
Interest Expense 5/1	
$	104,304	
$	

Community Development District Series 2021 Debt Service Fund Proposed Budget

	Proposed
Budget	Actuals
as of	Projected
Next 5	Total
Projected	Proposed
Budget	
Description	FY 2021	04/30/22	Months	9/30/22	FY 2023	

Revenues						
Special Assessments	$	-	$	-	$	-	$	-	$	438,770	
Interest Income	$	25	$	13	$	10	$	23	$	100	
Bond Proceeds	$	266,903	$	266,903	$	-	$	266,903	$	-	
Net Premium on Bond	$	189,831	$	189,831	$	-	$	189,831	$	-	
Carry Forward Surplus	$	-	$	-	$	-	$	-	$	136,099	

747	$	10	$	456,757	$	574,969	

-	$  101,304	
$	101,304	
$	-	
Interest Expense 11/1	$	-	$	-	$	-	$	-	$	136,080	
Principal Expense 5/1	$	-	$	-	$	-	$	-	$	165,000	
Interest Expense 5/1	$	-	$	-	$	-	$	-	$	136,080	
Total Expenditures	$	104,304	$	-	$	101,304	$	101,304	$	437,160	

Excess Revenues/(Expenditures)	$	352,455	$	456,747	$ (101,294)	$	355,453	$	137,809	

11/1/23 Interest Payment	
$	
134,100	

Assessments per unit for FY 2023
Lot
Size	Unit
Count	Net Per
Unit	Gross Per
Unit	Gross
Assessments (1)	
43'	137	$1,160	$1,234	$169,064	
53'	193	$1,450	$1,543	$297,713	
Gross Annual Assessm	ent			$466,776	

Net Annual Assessment	$438,770

Less Discount 4% + Collections 2%	($28,007)

include 4% provision for early payment discount and 2% collection costs for St.Johns County

Cordova Palms
Community Development District Special Assessment Revenue Bonds, Series 2021

Period
Ending	
Principal	Interest
Rate	
Interest	Debt
Service	Annual Debt
Service	Bond
Balance	

5/1/22		
2.400%	
$  101,304	
$	101,304	
$	101,304	
$	7,980,000	
11/1/22		2.400%	$  136,080	$	136,080	$	437,160		
5/1/23	165,000	2.400%	$  136,080	$	301,080		$	7,815,000	
11/1/23		2.400%	$  134,100	$	134,100	$	438,200	$	-	
5/1/24	170,000	2.400%	$  134,100	$	304,100		$	7,645,000	
11/1/24		2.400%	$  132,060	$	132,060	$	439,120	$	-	
5/1/25	175,000	2.400%	$  132,060	$	307,060		$	7,470,000	
11/1/25		2.400%	$  129,960	$	129,960	$	439,920	$	-	
5/1/26	180,000	2.400%	$  129,960	$	309,960		$	7,290,000	
11/1/26		2.400%	$  127,800	$	127,800	$	440,600	$	-	
5/1/27	185,000	2.800%	$  127,800	$	312,800		$	7,105,000	
11/1/27		2.800%	$  125,210	$	125,210	$	440,420	$	-	
5/1/28	190,000	2.800%	$  125,210	$	315,210		$	6,915,000	
11/1/28		2.800%	$  122,550	$	122,550	$	440,100	$	-	
5/1/29	195,000	2.800%	$  122,550	$	317,550		$	6,720,000	
11/1/29		2.800%	$  119,820	$	119,820	$	439,640	$	-	
5/1/30	200,000	2.800%	$  119,820	$	319,820		$	6,520,000	
11/1/30		2.800%	$  117,020	$	117,020	$	439,040	$	-	
5/1/31	205,000	2.800%	$  117,020	$	322,020		$	6,315,000	
11/1/31		2.800%	$  114,150	$	114,150	$	438,300	$	-	
5/1/32	210,000	3.000%	$  114,150	$	324,150		$	6,105,000	
11/1/32		3.000%	$  111,000	$	111,000	$	442,000	$	-	
5/1/33	220,000	3.000%	$  111,000	$	331,000		$	5,885,000	
11/1/33		3.000%	$  107,700	$	107,700	$	440,400	$	-	
5/1/34	225,000	3.000%	$  107,700	$	332,700		$	5,660,000	
11/1/34		3.000%	$  104,325	$	104,325	$	438,650	$	-	
5/1/35	230,000	3.000%	$  104,325	$	334,325		$	5,430,000	
11/1/35		3.000%	$  100,875	$	100,875	$	441,750	$	-	
5/1/36	240,000	3.000%	$  100,875	$	340,875		$	5,190,000	
11/1/36		3.000%	$	97,275	$	97,275	$	439,550	$	-	
5/1/37	245,000	3.000%	$	97,275	$	342,275		$	4,945,000	
11/1/37		3.000%	$	93,600	$	93,600	$	442,200	$	-	
5/1/38	255,000	3.000%	$	93,600	$	348,600		$	4,690,000	
11/1/38		3.000%	$	89,775	$	89,775	$	439,550	$	-	
5/1/39	260,000	3.000%	$	89,775	$	349,775		$	4,430,000	
11/1/39		3.000%	$	85,875	$	85,875	$	441,750	$	-	
5/1/40	270,000	3.000%	$	85,875	$	355,875		$	4,160,000	
11/1/40		3.000%	$	81,825	$	81,825	$	438,650	$	-	
5/1/41	275,000	3.000%	$	81,825	$	356,825		$	3,885,000	
11/1/41		3.000%	$	77,700	$	77,700	$	440,400	$	-	
5/1/42	285,000	4.000%	$	77,700	$	362,700		$	3,600,000	
11/1/42		4.000%	$	72,000	$	72,000	$	444,000	$	-	
5/1/43	300,000	4.000%	$	72,000	$	372,000		$	3,300,000	
11/1/43		4.000%	$	66,000	$	66,000	$	442,000	$	-	
5/1/44	310,000	4.000%	$	66,000	$	376,000		$	2,990,000	
11/1/44		4.000%	$	59,800	$	59,800	$	444,600	$	-	
5/1/45	325,000	4.000%	$	59,800	$	384,800		$	2,665,000	
11/1/45		4.000%	$	53,300	$	53,300	$	441,600	$	-	
5/1/46	335,000	4.000%	$	53,300	$	388,300		$	2,330,000	

Cordova Palms
Community Development District Special Assessment Revenue Bonds, Series 2021

Period
Ending	
Principal	Interest
Rate	
Interest	Debt
Service	Annual Debt
Service	Bond
Balance	

11/1/46		
4.000%	
$	46,600	
$	46,600	
$	443,200	
$	-	
5/1/47	350,000	4.000%	$	46,600	$	396,600		$	1,980,000	
11/1/47		4.000%	$	39,600	$	39,600	$	444,200	$	-	
5/1/48	365,000	4.000%	$	39,600	$	404,600		$	1,615,000	
11/1/48		4.000%	$	32,300	$	32,300	$	444,600	$	-	
5/1/49	380,000	4.000%	$	32,300	$	412,300		$	1,235,000	
11/1/49		4.000%	$	24,700	$	24,700	$	444,400	$	-	
5/1/50	395,000	4.000%	$	24,700	$	419,700		$	840,000	
11/1/50		4.000%	$	16,800	$	16,800	$	443,600	$	-	
5/1/51	410,000	4.000%	$	16,800	$	426,800		$	430,000	
11/1/51		4.000%	$	8,600	$	8,600	$	447,200	$	-	
5/1/52	430,000	4.000%	$	8,600	$	438,600		$	-	

	7,980,000 

 $ 5,358,104 

 $ 13,338,104 

 $ 13,338,104 

 			

SIXTH ORDER OF BUSINESS

RESOLUTION 2022-11

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE CORDOVA PALMS COMMUNITY DEVELOPMENT DISTRICT APPROVING REQUEST FOR PROPOSAL DOCUMENTS FOR THE DISTRICT’S PHASE THREE INFRASTRUCTURE IMPROVEMENT PROJECT; PROVIDING A SEVERABILITY CLAUSE; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the Cordova Palms Community Development District (“District”) is a local unit of special-purpose government created and existing pursuant to Chapter 190, Florida Statutes (the “Act”); and

WHEREAS, the Act authorizes the District to construct, operate, and maintain systems and facilities for certain basic public infrastructure, including roadway improvements, stormwater management, water, sewer and reuse improvements; amenities, entry feature and landscaping improvements; and

WHEREAS, it is in the District’s best interests to competitively solicit proposals through a Request for Proposals (“RFP”) process for its Phase Three Project (the “Project”); and

WHEREAS, the Board desires to approve in substantial form the RFP notice and Evaluation Criteria for the Project attached hereto as Exhibit A; and

WHEREAS, the Board desires to authorize the Chairman or Vice Chairman, in consultation with District staff, to effectuate any revisions to the documents attached as Exhibit A, and the preparation of the additional documents necessary to prepare a final RFP project manual for the Project, and other documents that are in the best interests of the District;

WHEREAS, the Board further desires to authorize the Chairman or Vice Chairman, in consultation with District staff, to approve the scope of the Project that will be subject to the RFP, the timing of the RFP notice, and all procedural matters related to the RFP.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE CORDOVA PALMS COMMUNITY DEVELOPMENT DISTRICT:

SECTION 1. All of the representations, findings and determinations contained above are recognized as true and accurate, and are expressly incorporated into this Resolution.

SECTION 2. The Board hereby approves in substantial form the documents attached hereto as Exhibit A, and subject to further review and revision by District staff as finally approved by the Chairman or Vice Chairman.

SECTION 3. The Board hereby authorizes the Chairman, in consultation with District staff, to 1) effectuate any revisions to the documents attached as Exhibit A, and the preparation of the additional documents necessary to prepare the RFP; and 2) approve the scope of the Project that will be subject to the RFP, the timing of the RFP notice, and all procedural matters related to the RFP. Consistent with such approvals, the Chairman, District Manager, District Counsel, District Engineer, Secretary, and Assistant Secretaries are hereby authorized, upon the adoption of this Resolution, to do all acts and things required of them to effect the procurement contemplated by the RFP, and all acts and things that may be desirable or consistent with the RFP’s requirements or intent. The Chairman and Secretary are hereby further authorized to execute any and all documents necessary to affect the RFP. The Vice Chairman shall be authorized to undertake any action herein authorized to be taken by the Chairman, in the absence or unavailability of the Chairman, and any Assistant Secretary shall be authorized to undertake any action herein authorized to be taken by the Secretary, in the absence or unavailability of the Secretary.

SECTION 4. If any provision of this Resolution is held to be illegal or invalid, the other provisions shall remain in full force and effect.

SECTION 5. This Resolution shall become effective upon its passage and shall remain in effect unless rescinded or repealed.

PASSED AND ADOPTED this 8th day of June, 2022.

ATTEST:	CORDOVA PALMS COMMUNITY DEVELOPMENT DISTRICT

Secretary	Chairman/Vice Chairman

Exhibit A: RFP Notice and Evaluation Criteria

2

Exhibit A

RFP Notice and Evaluation Criteria

CORDOVA PALMS COMMUNITY DEVELOPMENT DISTRICT
Phase Three Project
Evaluation Criteria

PERSONNEL	(5 POINTS)

(E.g., geographic locations of the firm’s headquarters; capabilities and experience of key personnel, including the project manager and field supervisor; present ability to appropriately staff and manage this project; evaluation of existing workload; proposed staffing levels, etc.)

EXPERIENCE	(20 POINTS)

(E.g. past record and experience of the respondent in self performing similar projects; past performance; character, integrity, reputation, of respondent, etc.)

UNDERSTANDING OF SCOPE OF WORK	(15 POINTS)
Demonstration of the Proposer’s understanding of the project requirements.

FINANCIAL CAPABILITY	(10 POINTS)

Extent to which the proposal demonstrates the adequacy of Proposer’s financial resources and stability as a business entity, necessary to complete the services required; current bonding capacity; ownership of assets including equipment.

SCHEDULE	(25 POINTS)

Demonstration of Proposer’s understanding (through presentation in the proposal of a milestone schedule) of how to meet the required submittal and final completion dates. Consideration will be given to proposers that indicate an ability to credibly complete the project in advance of the required substantial and final completion dates without a premium cost for accelerated work.

PRICE	(25 TOTAL POINTS)
Points available for price will be allocated as follows:

15 Points will be awarded to the Proposer submitting the lowest cost proposal for completing the work. All other proposals will receive a percentage of this amount based upon the difference between the Proposer’s bid and the low bid.
10 Points are allocated for the reasonableness of unit prices and balance of proposer.

TOTAL POINTS	(100 POINTS)

SEVENTH ORDER OF BUSINESS

B.

1.

REQUISITION SUMMARY	

CORDOVA PALMS CDD	
			BOND SERIES:		
2021 ACQUISITION AND CONSTRUCTION ACCOUNT	
			8-Jun-22		
	
Date	Req #	Payee	Description of Payment	Amount	
TO BE RATIFIED	

5/17/2022	
23	
Smith Trucking Company	
Cordova East of Collector Road - Contractor Application for Payment No. 7 (Apr 2022)	
$	63,704.66	

5/17/2022	
24	
Smith Trucking Company	
Cordova Phase 2 Lot Development - Application for Payment No. 4 (Apr 2022)	
$	371,607.75	
AMOUNT TO BE RATIFIED	$	435,312.41	
	
Date	Req #	Payee	Description of Payment	Amount	
TO BE APPROVED	

5/17/2022	
25	
Vallencourt	Cordova Palms Phase 1 - Western Lots and Connector – Contractor Payment Application 7981- 10 (May 2022)	
$	108,721.87	
AMOUNT TO BE APPROVED	$	108,721.87	
TOTAL AMOUNT TO BE APPROVED June 8, 2022	$	544,034.28	

2.

WORK AUTHORIZATION NO. 3
CORDOVA PALMS COMMUNITY DEVELOPMENT DISTRICT STATE MANDATED – STORM WATER NEED ANALYSIS (20 YEARS)
Scope of Work

22-140
Page 1 of 2

England-Thims & Miller, Inc. shall prepare a 20-year stormwater needs analysis for the Cordova Palms CDD to be completed by June 30, 2022. It is our understanding that the stormwater needs analysis is a requirement of the passage of House Bill 53, Section 403.9302, Florida Statutes. Since this a new requirement and will require coordinating our efforts with the District Manager to provide the analysis, we are proposing to perform this work on an hourly basis with an estimated budget. We have attached a template with our comments showing the responsibilities of the District Engineer and the District Manager.

FEE	HOURLY
(BUDGET ESTIMATE: $10,000.00)
Not to Exceed without prior authorization

ITEMS NOT INCLUDED
Wastewater Needs Analysis
NPDES Permitting / Analysis
MS4 Permitting Analysis
Environmental Investigation
NDPES permit compliance

ENGLAND-THIMS & MILLER, INC. HOURLY FEE SCHEDULE - 2022
CEO/CSO……………………………………………………………………………………….	$375.00/Hr.	
President………………………………………………………………………………………	$330.00/Hr.	
Executive Vice President……………………………………………………………….	$320.00/Hr.	
Vice President ………………………………………………………………………………	$257.00/Hr.	
Senior Engineer/ Senior Project Manager…………………..………………..	$205.00/Hr.	
Project Manager ………………………………………………………………………….	$190.00/Hr.	
Director……………………………………………………………………….………………	$175.00/Hr.	
Engineer……………………………………………………………………………………….	$165.00/Hr.	
Assistant Project Manager ……………………………………………………………	$155.00/Hr.	
Senior Planner /Planning Manager……………………………………………….	$190.00/Hr.	
Planner…………………………………………………………………………………………	$155.00/Hr.	
CEI Project Manager……………………………………………………………………..	$175.00/Hr.	
CEI Senior Inspector…………………………..…………………………………………	$155.00/Hr.	
CEI Inspector …………………………………..…………………………………………..	$125.00/Hr.	
Senior Landscape Architect…………………………………………………………..	$175.00/Hr.	
Landscape Architect……………………………………………………………………..	$160.00/Hr.	
Senior Technician………………………………………………………………………….	$155.00/Hr.	
GIS Developer / Senior Analyst……………………………………………………..	$170.00/Hr.	
GIS Analyst …………………………………………………………………………………..	$140.00/Hr.	
Senior Engineering Designer / Senior LA Designer…………………..……	$160.00/Hr.	
Engineering Intern ……………………………………………………………………….	$140.00/Hr.	
Engineering/Landscape Designer…………………………………………………	$140.00/Hr.	
CADD/GIS Technician……………………………………………………………………	$125.00/Hr.	
Administrative Support…………………………………………………………………	$90.00/Hr.	

22-140
Page 2 of 2

Expenses shall be invoiced in accordance with previously approved General Consulting Services Contract and District Policy. Sub-consultant fees shall be invoiced at cost plus 15%.

Approval

Submitted by:.	 _

nd Thims & Miller, Inc.

Approved by:._:6-- ---· _;:?_.	..o:::=::...__ -------

Date:.		_

Date:. s-+)_1_1+k	;.'.;�)<_:J4- 

22-140
Page 2 of 2

Expenses shall be invoiced in accordance with previously approved General Consulting Services Contract and District Policy. Sub-consultant fees shall be invoiced at cost plus 15%.

Approval

Submitted by:			Date:	 England, Thims & Miller, Inc.

Approved by:			Date:	 Cordova Palms Community Development District

Example CDD Storm Water Need Analysis - Limitations and Assumptions

Project Name:	Example CDD	Date:	3/23/2022
Project Location:	Generalized Street Locations	Etm Job No.	xxx Project City / State:	County, Florida

Storm Water Need Analysis Limitations and Assumptions:

England, Thims & Miller, Inc. (ETM) drafted a portion of the storm water need analysis based on limited information. This information includes ,when available, approved Engineering Plans and Permits that were issued by St. Johns County Development Services and the St. Johns River Water Management District. Since, this is a Community Development District (CDD) that was phased there are numerous approved Plans and Permits.

ETM did not conduct an exhaustive search of the regulating documents for this project due to a limited scope and budget. The intent is to provide estimates sufficient to respond to the Storm Water Need Analysis as required by the State of Florida's Office of Economic & Demographic Research. This level of accuracy was confirmed during the State of Florida's Webinars regarding the Storm Water Need Analysis.

Due to the nature of the analysis for this project, there are many assumptions and limitations required.
It should be noted that the intent is to provide the State of Florida with a proposed budget for Storm Water Needs
for the next 20 years. Due to the assumptions and limitations, this analysis should not be relied upon for any use other than the fulfillment by the CDD to fill out the State of Florida's Storm Water Need Analysis forms.

Assumptions / Limitations:
Generally there will be no major replacements required of storm water infrastructure that exceeds 5% of the maintenance budget in any given year.
The CDD Boundary will not be revised or expanded during the 20 year period designated in this analysis.
Maintenance budget figures are provided by the District Manager.
No survey or field work was performed to determine the details of the storm water management system; including lengths of culverts or ditches.
Generalized data were obtained from various engineering plans that were prepared for the development of the CDD infrastructure.
Projections of the maintenance budget numbers based on optional growth rate schedules speadsheet provided by the State of Florida Department of Economic and Demographic Research.

England - Thims & Miller, Inc.
14775 Old St. Augustine Rd., Jacksonville, Fl. 32258 Phone (904) 642-8990 Reg No: 2584
1

	District
Engineer	District
Manager	
Comments	
Background Information				
	Name of Local Government:			X			
	Name of stormwater utility, if applicable:					Not Applicable	
	Contact Person					
	Name:			X		District Manager is the contact person.	
	Position/Title:			X			
	Email Address:			X			
	Phone Number:			X			

Part 1.1 Narrative Description:				
	Please provide a brief description of the current institutional strategy for managing stormwater in your jurisdiction. Please include
any mission statement, divisions or departments dedicated solely or partly to managing stormwater, dedicated funding sources, and other information that best describes your approach to stormwater:			
X	The District Manager needs to provide any current
stormwater strategies. ETM District Engineer is available to meet to discuss / review various strategies.	
	On a scale of 1 to 5, with 5 being the highest, please indicate the importance of each of the following goals for your program:					
	0	1	2	3	4	5					

 					

 					

 						Drainage & flood abatement (such as flooding events associated with rainfall and hurricanes)	X		

ETM District Engineer will meet with the District Manager to rate the programs.	
		Water quality improvement (TMDL Process/BMAPs/other)	X			
		Reduce vulnerability to adverse impacts from flooding related to increases in frequency and
duration of rainfall events, storm surge and sea level rise	X			
		
Other:				
		
Permit Compliance	X		

ETM District Engineer will meet with the District Manager to review other programs and rate them.	
			X			
			X			
			X			
				
Part 1.2 Current Stormwater Program Activities:				
Please provide answers to the following questions regarding your stormwater management program.
Does your jurisdiction have an NPDES Municipal Separate Storm Sewer System (MS4) Permit?
Does your jurisdiction have a dedicated stormwater utility? If no, do you have another funding mechanism?

If yes, please describe your funding mechanism.

Does your jurisdiction have a Stormwater Master Plan or Plans? If Yes:
How many years does the plan(s) cover?
Are there any unique features or limitations that are necessary to understand what the plan does or does not address? Explain.
Please provide a link to the most recently adopted version of the document (if it is published online):				
	X		The CDD does not have an NPDES MS4 Permit.	
	X		The CDD does not have a stormwater utility.	
	X		Yes, the CDD has a funding mechanism.	
	
X		ETM District Engineer will work with the District
Manager to determine how the mechanism should be defined/reported.	
	X		It is recommended that ETM District Engineer prepare a
draft Stormwater Master Plan (SMP) and review the SMP with the District Manager.	
				
	X		To be determined.	
	X		To be determined.	
	X		Not Applicable	

	District
Engineer	District
Manager	
Comments	
●	Does your jurisdiction have an asset management (AM) system for stormwater infrastructure?				X	
ETM District Engineer will meet with the District Manager to review existing assess management systems.	
	If Yes, does it include 100% of your facilities?				X		
	If your AM includes less than 100% of your facilities, approximately what percent of your facilities are included?				X		
●	Does your stormwater management program implement the following (answer Yes/No):					
	A construction sediment and erosion control program for new construction (plans review and/or inspection)?			X		

ETM District Engineer will meet with the District Manager to review existing stormwater management programs.	
	An illicit discharge inspection and elimination program?			X			
	A public education program?			X			
	A program to involve the public regarding stormwater issues?			X			
	A “housekeeping” program for managing stormwater associated with vehicle maintenance yards, chemical storage, fertilizer management, etc. ?			X			
	A stormwater ordinance compliance program (i.e., for low phosphorus fertilizer)?			X			
	Water quality or stream gage monitoring?			X			
	A geospatial data or other mapping system to locate stormwater infrastructure (GIS, etc. )?			X			
	A system for managing stormwater complaints?			X			
	Other specific activities?		X			
Part 1.3 Current Stormwater Program Operation and Maintenance Activities				

X			
				
		X	

ETM District Engineer will meet with the District Manager to review existing stormwater operation and maintenance programs. Note: Culverts means all storm water pipes not just culvert crossings	
		X		
		X		
		X		
		X		
		X		
		X		
		X		
		X		
		X		

Please provide answers to the following questions regarding the operation and maintenance activities undertaken by your	

●

●	Does your jurisdiction typically assume maintenance responsibility for stormwater systems associated
with new private development (i.e., systems that are dedicated to public ownership and/or operation upon completion)?		
	Does your stormwater operation and maintenance program implement any of the following (answer Yes/No):	
	Routine mowing of turf associated with stormwater ponds, swales, canal/lake banks, etc. ?		
	Debris and trash removal from pond skimmers, inlet grates, ditches, etc. ?		
	Invasive plant management associated with stormwater infrastructure?		
	Ditch cleaning?		
	Sediment removal from the stormwater system (vactor trucks, other)?		
	Muck removal (dredging legacy pollutants from water bodies, canal, etc. )?		
	Street sweeping?		
	Pump and mechanical maintenance for trash pumps, flood pumps, alum injection, etc. ?		
	Non-structural programs like public outreach and education?		
	Other specific routine activities?	

	District
Engineer	District
Manager	
Comments	
Part 2. Detailed description of the stormwater management system and its facilities and projects (continued Section 403.9302(3)(a), F.S.)				
	A stormwater management system, as defined in the Introduction, includes the entire set of site design features and structural infrastructure for collection, conveyance, storage, infiltration, treatment, and disposal of stormwater. It may include drainage improvements and measures to prevent streambank channel erosion and habitat degradation. This section asks for a summary description of your stormwater management system.					
	Number	Unit of Measurement				
	Estimated feet or miles of buried culvert:			X		

ETM District Engineer will provide estimates based upon existing design plans.	
	Estimated feet or miles of open ditches/conveyances (lined and unlined) that are maintained by the
stormwater program:			X			
	Estimated number of storage or treatment basins (i.e., wet or dry ponds):			X			
	Estimated number of gross pollutant separators including engineered sediment traps such as baffle
boxes, hydrodynamic separators, etc. :			X			
	Number of chemical treatment systems (e.g., alum or polymer injection):			X			
	Number of stormwater pump stations:			X			
	Number of dynamic water level control structures (e.g., operable gates and weirs that control canal
water levels):			X			
	Number of stormwater treatment wetland systems:			X			
	Other:					
				X			
				X			
				X			
				X			
				X			
				X			
	Which of the following green infrastructure best management practices do you use to manage water flow and/or improve water quality (answer Yes/No):					
	Best Management Practice	Current	Planned					
	Tree boxes					X	

ETM District Engineer will meet with the District Manager to review existing green infrastructure best management practices.	
	Rain gardens					X		
	Green roofs					X		
	Pervious pavement/pavers					X		
	Littoral zone plantings					X		
	Living shorelines					X		
Other Best Management Practices:					
						X		
						X		
						X		
						X		
						X		
Part 3. The number of current and projected residents served calculated in 5-year increments (Section 403.9302(3)(b), F.S.)				
Any independent special district whose boundaries do not coincide with a county or municipality must submit a GIS shapefile with the current and projected service area. EDR will calculate the appropriate population estimates based on that map. Submission of this shapefile also serves to complete Part 4.0 of this template.	
X		ETM District Engineer will provide a GIS shapefile of the CDD boundaries for submittal to EDR.	
Part 4.0 The current and projected service area for the stormwater management program or stormwater management system (Section 403.9302(3)(c), F.S.)				
	Similarly, if your service area is expected to change within the 20-year horizon, please describe the changes (e.g., the expiration of an interlocal agreement, introduction of an independent special district, etc. ).		X		ETM District Engineer will meet with the District Manager to review current and projected service area.	

Part 5.0 The current and projected cost of providing services calculated in 5-year increments (Section 403.9302(3)(d), F.S.)

Given the volume of services, jurisdictions should use the template’s service groupings rather than reporting the current and projected cost of each individual service. Therefore, for the purposes of this document, “services” means:	
1.
2.	Routine operation and maintenance (inclusive of the items listed in Part 1.3 of this document, ongoing administration, and non-structural programs)	
	Expansion (that is, improvement) of a stormwater management system.	

Expansion means new work, new projects, retrofitting, and significant upgrades. Within the template, there are four categories of expansion projects.	
1.	Flood protection, addressed in parts 5.2 and 5.3… this includes capital projects intended for flood protection/flood abatement	
2.	Water quality, addressed in part 5.2 and 5.3… this includes stormwater projects related to water quality improvement, such as BMAPs; projects to	
	benefit natural systems through restoration or enhancement; and stormwater initiatives that are part of aquifer recharge projects	
3.	Resiliency, addressed in part 5.4… this includes all major stormwater initiatives that are developed specifically to address the effects of climate change,	
	such as sea level rise and increased flood events	
4.	End of useful life replacement projects, addressed in part 6.0… this includes major expenses associated with the replacement of aging infrastructure	

While numbers 3 and 4 have components that would otherwise fit into the first two categories, they are separately treated given their overall importance to the Legislature and other policymakers.	
	
Expansion projects are further characterized as currently having either a committed funding source or no identified funding source. Examples of a committed funding source include the capacity to absorb the project’s capital cost within current budget levels or forecasted revenue growth; financing that is underway or anticipated (bond or loan); known state or federal funding (appropriation or grant); special assessment; or dedicated cash reserves for future expenditure.	
	
All answers should be based on local fiscal years (LFY, beginning October 1 and running through September 30). Please use nominal dollars for each year, but include any expected cost increases for inflation or population growth. Please check the EDR website for optional growth rate schedules that may be helpful.	
Part 5.1 Routine Operation and Maintenance

Please complete the table below, indicating the cost of operation and maintenance activities for the current year and subsequent five-year increments throughout
the 20-year horizon. Your response to this part should exclude future initiatives associated with resiliency or major expenses associated with the replacement of aging infrastructure; these activities are addressed in subparts 5.4 and 6.0. However, do include non-structural programs like public outreach and education in this category.	

If specific cost data is not yet available for the current year, the most recent (2020-21) O&M value can be input into the optional growth rate schedules (available
on EDR's website as an Excel workbook). The most recent O&M value can be grown using the provided options for inflation, population growth, or some other metric of your choosing. If the growth in your projected total O&M costs is more than 15% over any five-year increment, please provide a brief explanation of the major drivers.	
Routine Operation and Maintenance	Expenditures (in $thousands)

	LFY 2021-2022	2022-23 to
2026-27	2027-28 to
2031-32	2032-33 to
2036-37	2037-38 to
2041-42	

Operation and Maintenance Costs						
Brief description of growth greater than 15% over any 5-year period:	

Part 5.2 Future Expansion (Committed Funding Source)

District Engineer

X

District Manager

X

Comments

ETM District Engineer can review the CDD's O&M budget with the District Manager to assist with development of the cost estimates.

ETM District Engineer will assist the District Manager with this task.

Please list expansion projects and their associated costs for the current year and subsequent five-year increments throughout the 20-year planning horizon. In this section, include stormwater system expansion projects or portions of projects with a committed funding source. If you include a portion of a project that is not fully funded, the project’s remaining cost must be included in part 5.3, Expansion Projects with No Identified Funding Source.	
	
Though many, if not most, stormwater projects benefit both flood protection and water quality, please use your best judgment to either allocate costs or simply select the primary purpose from the two categories below.	

5.2.1 Flood Protection (Committed Funding Source): Provide a list of all scheduled new work, retrofitting and upgrades related to flood protection/flood abatement. Include infrastructure such as storage basins, piping and other conveyances, land purchases for stormwater projects, etc . Also include major hardware purchases such as vactor/jet trucks.

District Engineer

District Manager

Comments

5.2.2 Water Quality Projects (Committed Funding Source): Please provide a list of scheduled water quality projects in your jurisdiction, such as treatment
basins, alum injection systems, green infrastructure, water quality retrofits, etc., that have a direct stormwater component. The projected expenditures should reflect only those costs.

Note:
This effort will require much more effort for uncompleted CDDs versus completed CDDs. For uncompleted CDDS, all the uncompleted infrastructure will have to be estimated and a timeline estimated. A much bigger effort.

If you are party to an adopted BMAP, please include the capital projects associated with stormwater in this table. Include BMAP project number,
cost to your jurisdiction, and year(s) that capital improvement costs are to be incurred. For reference, DEP publishes a complete list of adopted BMAP projects as an appendix in their Annual STAR Report.

●

Expansion Projects with a Committed Funding Source

Flood Protection

Expenditures (in $thousands)

Project Name	LFY 2021-2022	2022-23 to
2026-27	2027-28 to
2031-32	2032-33 to
2036-37	2037-38 to
2041-42	

						

 	
X

X

X

X

X

ETM wlll preparing this response.

Project Name (or, if applicable, BMAP Project Number or ProjID)	LFY 2021-2022	2022-23 to
2026-27	2027-28 to
2031-32	2032-33 to
2036-37	2037-38 to
2041-42	

						

X

X

X

X

X

ETM wlll preparing this response.

Part 5.3 Future Expansion with No Identified Funding Source

Water Quality	Expenditures (in $thousands)

Please provide a list of known expansion projects or anticipated need(s) without formal funding commitments(s), formal pledges, or obligations. If you included a portion of a project that was partially covered by a committed source in part 5.2 above, list the projects and their remaining costs below.	

5.3.1 Future Flood Protection with No Identified Funding Source: Please provide a list of future flood protection/flood abatement projects, associated
land purchases, or major hardware purchases that are needed in your jurisdiction over the next 20 years. Future needs may be based on Master Plans, Comprehensive Plan Elements, Water Control Plans, areas of frequent flooding, hydrologic and hydraulic modeling, public safety, increased frequency of maintenance, desired level of service, flooding complaints, etc.	
	
5.3.2 Future Water Quality Projects with no Identified Funding Source: Please provide a list of future stormwater projects needed in your jurisdiction over the next 20 years that are primarily related to water quality issues. Future needs may be based on proximity to impaired waters or waters with total maximum daily loads (TMDLs), BMAPs, state adopted Restoration Plans, Alternative Restoration Plans, or other local water quality needs.	

If you are party to an adopted BMAP, please list capital projects associated with stormwater. Include BMAP project number, cost to your
jurisdiction, and year(s) that capital improvement costs are to be incurred.	
	
List other future water quality projects, including those in support of local water quality goals as well as those identified in proposed (but not
yet adopted) BMAPs.	

●

Note:
ETM will review the State TMDLS, BMAPs, etc. and determine if the CDD could be potentially affected by a TMDL, BMAP or other plan, and be required to provide services such as water quality monitoring.

●

Expansion Projects with No Identified Funding Source
Flood Protection

Expenditures (in $thousands)

Project Name	LFY 2021-2022	2022-23 to
2026-27	2027-28 to
2031-32	2032-33 to
2036-37	2037-38 to
2041-42	

						

 	

ETM District Engineer will work with the District Manager to determine an appropriate response.

X

X

X

X

X

Water Quality	Expenditures (in $thousands)
Project Name (or, if applicable, BMAP Project Number or ProjID)	LFY 2021-2022	2022-23 to
2026-27	2027-28 to
2031-32	2032-33 to
2036-37	2037-38 to
2041-42	

Please indicate which resources or documents you used to complete table 5.3 (check all that apply).	

	Stormwater Master Plan	
	Basin Studies or Engineering Reports	
	Adopted BMAP	
	Adopted Total Maximum Daily Load	
	Regional or Basin-specific Water Quality Improvement Plan or Restoration Plan	
	Specify:		
	Other(s):		

Part 5.4 Stormwater projects that are part of resiliency initiatives related to climate change

Please list any stormwater infrastructure relocation or modification projects and new capital investments specifically needed due to sea level rise, increased flood
events, or other adverse effects of climate change. When aggregating, include O&M costs for these future resiliency projects and investments in this table (not in part 5.1). If your jurisdiction participates in a Local Mitigation Strategy (LMS), also include the expenditures associated with your stormwater management system in this category (for example, costs identified on an LMS project list).	
Resiliency Projects with a Committed Funding Source	Expenditures (in $thousands)

Project Name	LFY 2021-2022	2022-23 to
2026-27	2027-28 to
2031-32	2032-33 to
2036-37	2037-38 to
2041-42	

						

Resiliency Projects with No Identified Funding Source	Expenditures (in $thousands)

Project Name	LFY 2021-2022	2022-23 to
2026-27	2027-28 to
2031-32	2032-33 to
2036-37	2037-38 to
2041-42	

						

Has a vulnerability assessment been completed for your jurisdiction’s storm water system?		
		
	If no, how many facilities have been assessed?		
		
Does your jurisdiction have a long-range resiliency plan of 20 years or more?		

●

●

If yes, please provide a link if available:		
	
If no, is a planning effort currently underway?		

Part 6.0 The estimated remaining useful life of each facility or its major components (Section 403.9302(3)(e), F.S.)

District Engineer

X X X X X X X

District Manager X
X X X X

X X X X X

X X X X X

X X X X X

Comments

ETM District Engineer will work with the District Manager to determine an appropriate response.

ETM District Engineer will complete this section.

ETM District Engineer will work with the District Manager to determine an appropriate response.

ETM District Engineer will work with the District Manager to determine an appropriate response.

ETM District Engineer will work with the District Manager to determine an appropriate response.

Rather than reporting the exact number of useful years remaining for individual components, this section is constructed to focus on infrastructure components that are targeted for replacement and will be major expenses within the 20-year time horizon. Major replacements include culverts and pipe networks, control structures, pump stations, physical/biological filter media, etc . Further, the costs of retrofitting when used in lieu of replacement (such as slip lining) should be included in this part. Finally, for the purposes of this document, it is assumed that open storage and conveyance systems are maintained (as opposed to replaced) and have an unlimited service life.
In order to distinguish between routine maintenance projects and the replacement projects to be included in this part, only major expenses are included here. A major expense is defined as any single replacement project greater than 5% of the jurisdiction’s total O&M expenditures over the most recent five-year period (such as a project in late 2021 costing more than 5% of the O&M expenditures for fiscal years 2016-2017 to 2020-2021).
If you have more than 5 projects in a particular category, please use the "Additional Projects" tab. There, you can use dropdown lists to choose the project category and whether there is a committed funding source, then enter the project name and expenditure amounts.

District Engineer

District Manager

Comments

End of Useful Life Replacement Projects with a Committed Funding Source

Project Name	LFY 2021-2022	2022-23 to
2026-27	2027-28 to
2031-32	2032-33 to
2036-37	2037-38 to
2041-42	

						

Expenditures (in $thousands)

ETM District Engineer shall review the stormwater management system to identify infrastructure that would meet this criteria (i.e., stormwater pump stations, baffle boxes).

End of Useful Life Replacement Projects with No Identified Funding Source
Expenditures (in $thousands)

Project Name	LFY 2021-2022	2022-23 to
2026-27	2027-28 to
2031-32	2032-33 to
2036-37	2037-38 to
2041-42	

						

Part 7.0 The most recent 5-year history of annual contributions to, expenditures from, and balances of any capital account for maintenance or expansion of any facility or its major components. (Section 403.9302(3)(f), F.S.)

This part of the template also addresses a portion of s. 403.9302(3)(g), F.S., by including historical expenditures. Many local governments refer to these as “actual” expenditures.	
	
Consistent with expenditure projections, the jurisdiction’s actual expenditures are categorized into routine O&M, expansion, resiliency projects, and replacement
of aging infrastructure. Additionally, the table includes space for reserve accounts. EDR’s interpretation of subparagraph 403.9302(3)(f), F.S., is that “capital account” refers to any reserve account developed specifically to cover future expenditures.	
	
Note that for this table:	
●

●

●
●
●	Expenditures for local fiscal year 2020-21 can be estimated based on the most current information if final data is not yet available.	
	Current Year Revenues include tax and fee collections budgeted for that fiscal year as well as unexpended balances from the prior year (balance forward or carry-over) unless they are earmarked for the rainy day or a dedicated reserve as explained in the following bullets.	
	Bond proceeds should reflect only the amount expended in the given year.	
	A reserve is a dedicated account to accumulate funds for a specific future expenditure.	
	An all-purpose rainy day fund is a type of working capital fund typically used to address costs associated with emergencies or unplanned events.	

The sum of the values reported in the "Funding Sources for Actual Expenditures" columns should equal the total "Actual Expenditures" amount. The cells in the "Funding Sources for Actual Expenditures" section will be highlighted red if their sum does not equal the "Actual Expenditures" total.	
	
If you do not have a formal reserve dedicated to your stormwater system, please enter zero for the final two reserve columns.	
Routine O&M

X	ETM District Engineer will assist the District Manager with X	preparing this response.
Note:
X	This shall include only infrastructures that will require major
X	replacement or have major expenses during the next 20 X	years. It does not include all existing infrastructure.

X	ETM District Engineer will assist the District Manager with X	preparing this response.
Note:
X	This shall include only infrastructures that will require major
X	replacement or have major expenses during the next 20 X	years. It does not include all existing infrastructure.

District Engineer

District Manager

Comments

Total

Funding Sources for Actual Expenditures

Actual Expenditures

	Total	Funding Sources for Actual Expenditures		
	
Actual Expenditures	Amount Drawn
from Current Year Revenues	Amount Drawn
from Bond Proceeds	Amount Drawn
from Dedicated Reserve	Amount Drawn
from All- Purpose Rainy		Contributions to Reserve Account	Balance of
Reserve Account	
2016-17									
2017-18									
2018-19									
2019-20									
2020-21									

X

X

X

X

X

ETM District Engineer will assist the District Manager with preparing this response.

X

X

X

X

X

2020-21

2019-20

2018-19

2017-18

ETM District Engineer will assist the District Manager with preparing this response.

2016-17

Balance of
Reserve Account

Contributions to Reserve Account

Amount Drawn
from All- Purpose Rainy

Amount Drawn
from Dedicated Reserve

Amount Drawn
from Bond Proceeds

Amount Drawn
from Current Year Revenues

Expansion
Resiliency

	Total	Funding Sources for Actual Expenditures		
	Actual Expenditures	Amount Drawn
from Current	Amount Drawn
from Bond	Amount Drawn
from Dedicated	Amount Drawn
from All-		Contributions to
Reserve Account	Balance of
Reserve Account	
2016-17									
2017-18									
2018-19									
2019-20									
2020-21									

 	

ETM District Engineer will work with the District Manager to determine an appropriate response.
Generally, this response will be Not Applicable.

	Total	Funding Sources for Actual Expenditures		
	
Actual Expenditures	Amount Drawn
from Current Year Revenues	Amount Drawn
from Bond Proceeds	Amount Drawn
from Dedicated Reserve	Amount Drawn
from All- Purpose Rainy		Contributions to Reserve Account	Balance of
Reserve Account	
2016-17									
2017-18									
2018-19									
2019-20									
2020-21									

X

X

X

X

X

ETM District Engineer will work with the District Manager to determine an appropriate response.
Generally, this response will be Not Applicable.

X

X

X

X

X

Replacement of Aging Infrastructure

	District
Engineer	District
Manager	
Comments	
Part 8.0 The local government's plan to fund the maintenance or expansion of any facility or its major components. The plan must include historical and estimated
future revenues and expenditures with an evaluation of how the local government expects to close any projected funding gap (Section 403.9302(3)(g), F.S.)				

In this template, the historical data deemed necessary to comply with s. 403.9302(3)(g), F.S., was included in part 7.0. This part is forward looking and includes a funding gap calculation. The first two tables will be auto-filled from the data you reported in prior tables. To do this, EDR will rely on this template’s working definition of projects with committed funding sources, i.e., EDR assumes that all committed projects have committed revenues. Those projects with no identified funding source are considered to be unfunded. EDR has automated the calculation of projected funding gaps based on these assumptions.

For any specific strategies that will close or lessen a projected funding gap, please list them in the table below. For each strategy, also include the expected new revenue within the five-year increments.				
		X	

This tables will be auto-filled from data reported in prior tables.	
		X		
		X		
		X		
		X		
				
		X	

This tables will be auto-filled from data reported in prior tables.	
		X		
		X		
		X		
		X		
				
		X	

ETM District Engineer will work with the District Manager to determine an appropriate response.	
		X		
		X		
		X		
		X		
		X		
				
		X		

Committed Funding Source	2022-23 to
2026-27	2027-28 to
2031-32	2032-33 to
2036-37	2037-38 to
2041-42	
Maintenance	0	0	0	0	
Expansion	0	0	0	0	
Resiliency	0	0	0	0	
Replacement/Aging Infrastructure	0	0	0	0	
Total Committed Revenues (=Total Committed Projects)	0	0	0	0	

No Identified Funding Source	2022-23 to
2026-27	2027-28 to
2031-32	2032-33 to
2036-37	2037-38 to
2041-42	
Maintenance	0	0	0	0	
Expansion	0	0	0	0	
Resiliency	0	0	0	0	
Replacement/Aging Infrastructure	0	0	0	0	
Projected Funding Gap (=Total Non-Committed Needs)	0	0	0	0	

Strategies for New Funding Sources	2022-23 to
2026-27	2027-28 to
2031-32	2032-33 to
2036-37	2037-38 to
2041-42	

					

Total	0	0	0	0	

Remaining Unfunded Needs	0	0	0	0	

3.

Cordova Palms Community Development District (District) Storm Water Management Plan
Revised: 5-27-2022

The intent of this plan is to adhere to the rules and regulations stated in the St. Johns River Water Management District Environmental Resource Permits and the St. Johns County Development Services Permits for this project.

All permitted Storm Water Management Facilities (SMFs) will be maintained as required. Maintenance includes routine mowing of the SMFs, the repair and maintenance of the outfall control structures, removal of debris that may clog the outfall systems and other related maintenance that may be required from time to time.

At least once every two years, the storm water management facilities including outfall control structures shall be reviewed by the Engineer of Record and may be performed during annual review by the District. If there are deficiencies, repairs are other matters that need attention, the Engineer of Record shall notify the District of the issues together with options (if available) to repair or mitigate for these deficiencies. The date of field review and name of field representative(s) shall be recorded as part as part of the report to the District.

Lands within Conservation Easements will be maintained by the District (see attached Master Site Plan). Maintenance shall include, but not be limited to removing dead trees as may be required to provide a safe environment.

Preserved wetlands and conservations areas, storm water management facilities and other areas shall be protected from erosion and siltation, scouring, dewatering or excessive turbidity, resulting from all construction activities including home building.

EIGHTH ORDER OF BUSINESS

A.

Cordova Palms
Community Development District
Unaudited Financial Reporting April 30, 2022

Cordova Palms
Community Development District
Combined Balance Sheet
April 30, 2022

Governmental Fund Types

	General Fund			Debt
	Service			Capital
	Projects			Totals
(Memorandum Only)	

ASSETS:								
Cash	$20,847		---		---		$20,847	
Due from Developer	$11,061		---		---		$11,061	
Due from Capital
Series 2021
Reserve	$13,662

---		---

$219,350		---

---		$13,662

$219,350	
Interest	---		$101,304				$101,304	
Cap Interest	---		$136,093		---		$136,093	
Acquisition & Construction	---		---		$2,020,214		$2,020,214	
TOTAL ASSETS		$45,570 			$456,747 			$2,020,214 			$2,522,531 	

LIABILITIES:								
Accounts Payable	$14,034		---		---		$14,034	
Due to Developer	$13,664		---		---		$13,664	
Due to General Fund	---		---		$13,662		$13,662	
FUND BALANCES:
Unrestricted	
$17,872		
$456,747		
$2,006,553		
$2,481,172	
TOTAL LIABILITIES & FUND EQUITY		$45,570 			$456,747 			$2,020,214 			$2,522,531 	

Cordova Palms
Community Development District
GENERAL FUND
Statement of Revenues & Expenditures For The Period Ending
April 30, 2022

Description

ADOPTED	PRORATED BUDGET	 ACTUAL BUDGET		4/30/22	4/30/22

VARIANCE

REVENUES:

Developer Contributions	$118,393	$43,834	$43,834	$0	
TOTAL REVENUES	$118,393	$43,834	$43,834	$0	
EXPENDITURES:					
ADMINISTRATIVE:					
Supervisors Fees	$12,000	$7,000	$0	$7,000	
FICA Expense	$918	$536	$0	$536	
Engineering	$12,000	$7,000	$1,022	$5,978	
Attorney	$25,000	$14,583	$2,786	$11,797	
Assessment Administration	$5,000	$2,917	$0	$2,917	
Dissemination	$0	$0	$1,667	($1,667)	
Management Fees	$45,000	$26,250	$26,250	$0	
Website Creation/ADA Compliance	$0	$0	$1,750	($1,750)	
Website Maintenance	$1,200	$700	$700	$0	
Information Technology	$1,800	$1,050	$1,050	$0	
Telephone	$500	$292	$83	$209	
Postage	$1,500	$875	$27	$848	
Insurance	$5,500	$5,500	$5,000	$500	
Printing & Binding	$1,200	$700	$789	($89)	
Legal Advertising	$5,000	$2,917	$485	$2,432	
Other Current Charges	$600	$350	$276	$74	
Office Supplies	$1,000	$583	$78	$505	
Dues, Licenses & Subscriptions	$175	$175	$175	$0	
TOTAL EXPENDITURES	$118,393	$71,427	$42,138	$29,289	
					
EXCESS REVENUES (EXPENDITURES)	$0		$1,695		
					
FUND BALANCE - Beginning	$0		$16,177		
					
FUND BALANCE - Ending	$0		$17,872		

Cordova Palms
Community Development District General Fund
Month By Month Income Statement

	October	November	December	January	February	March	April	May	June	July	August	September	Total	

REVENUES														
Developer Contributions	$5,000	$10,360	$0	$10,937	$6,476	$0	$11,061	$0	$0	$0	$0	$0	$43,834	
TOTAL REVENUES	$5,000	$10,360	$0	$10,937	$6,476	$0	$11,061	$0	$0	$0	$0	$0	$43,834	

EXPENDITURES														
Supervisors Fees	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	
FICA Expense	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	
Engineering	$0	$0	$0	$0	$1,022	$0	$0	$0	$0	$0	$0	$0	$1,022	
Attorney	$0	$0	$1,922	$184	$680	$0	$0	$0	$0	$0	$0	$0	$2,786	
Assessment Administration	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	
Dissemination	$0	$0	$0	$417	$417	$417	$417	$0	$0	$0	$0	$0	$1,667	
Management Fees	$3,750	$3,750	$3,750	$3,750	$3,750	$3,750	$3,750	$0	$0	$0	$0	$0	$26,250	
Website Creation/ADA Compliance	$0	$0	$1,750	$0	$0	$0	$0	$0	$0	$0	$0	$0	$1,750	
Website Maintenance	$100	$100	$100	$100	$100	$100	$100	$0	$0	$0	$0	$0	$700	
Information Technology	$150	$150	$150	$150	$150	$150	$150	$0	$0	$0	$0	$0	$1,050	
Telephone	$3	$17	$9	$21	$21	$0	$12	$0	$0	$0	$0	$0	$83	
Postage	$1	$21	$1	$0	$3	$0	$1	$0	$0	$0	$0	$0	$27	
Insurance	$5,000	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$5,000	
Printing & Binding	$155	$68	$229	$284	$2	$52	$0	$0	$0	$0	$0	$0	$789	
Legal Advertising	$94	$94	$197	$99	$0	$0	$0	$0	$0	$0	$0	$0	$485	
Other Current Charges	$44	$48	$47	$33	$34	$33	$36	$0	$0	$0	$0	$0	$276	
Office Supplies	$21	$15	$15	$15	$12	$0	$0	$0	$0	$0	$0	$0	$78	
Dues, Licenses & Subscriptions	$175	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$175	
TOTAL EXPENDITURES	$9,493	$4,264	$8,171	$5,052	$6,192	$4,502	$4,466	$0	$0	$0	$0	$0	$42,138	
														
EXCESS REVENUES (EXPENDITURES)	($4,493)	$6,096	($8,171)	$5,885	$285	($4,502)	$6,595	$0	$0	$0	$0	$0	$1,695	

Cordova Palms
Community Development District
2021 Debt Service Fund
Statement of Revenues & Expenditures For The Period Ending
April 30, 2022

ADOPTED  PRORATED BUDGET	ACTUAL
Description	BUDGET	4/30/22	4/30/22	VARIANCE	

Revenues		
Assessments-Tax Collector	$0	$0	$0	$0	
Assessments-Direct	$0	$0	$0	$0	
Interest Income	$0	$0	$13	$13	

Total Revenues	$0	$0	$13	$13	

Expenditures		
Series 2021
Interest Expense - 11/1	
$0	
$0	
$0	
$0	
Principal Expense - 5/1	$0	$0	$0	$0	
Interest Expence - 5/1	$0	$0	$0	$0	

Total Expenditures	$0	$0	$0	$0	

Other Sources/(Uses)		
Bond Proceeds	$0	$0	$266,903	($266,903)	
Net Premium on Bond	$0	$0	$189,831	($189,831)	

Total Other	$0	$0	$456,734	($456,734)	

Excess Revenues (Expenditures)	$0	$456,747	

Fund Balance - Beginning	$0	$0	

Fund Balance - Ending	$0	$456,747	

Page 4

Cordova Palms		
Community Development District		
Capital Projects Fund
Statement of Revenues & Expenditures For The Period Ending
April 30, 2022		
	Series
2021	

Revenues:		
Interest	$145	
Total Revenues	$145	

Expenditures		
Capital Outlay	$5,373,576	
Cost of Issuance	$173,513	
Underwriters Discount	$159,600	
Total Expenditures	$5,706,689	

Other Sources/(Uses)		
Bond Proceeds	$7,713,097	
Total Other	$7,713,097	
		
Excess Revenues (Expenditures)	$2,006,553	
		
Fund Balance - Beginning	$0	
		
Fund Balance - Ending	$2,006,553	

Cordova Palms
Community Development District Long Term Debt Report

Series 2021 Special Assessment Bonds		
Interest Rate:	2.4% - 4.0%	
Maturity Date:	5/1/2052	
Reserve Fund Definition:	50% MADS	
Reserve Fund Requirement:	$219,350	
Reserve Fund Balance:	$219,350	
Bonds outstanding - 2/17/2021	$7,980,000	
Current Bonds Outstanding	$7,980,000	

Cordova Palms
Community Development District
Developer Contributions/Due from Developer

Funding Request
#	Date Prepared	Date Payment
Received	Check Amount	Total Funding
Request	General Fund
Portion FY 21	General Fund
Portion FY 22	Capital Project
Portion	Over and (short)
Balance Due	

5	
10/1/21	
11/5/21	
$12,472.45	
$12,472.45	
$5,046.95	
$5,000.00	
$2,425.50	
$0.00	
6	11/1/21	1/7/22	$8,832.66	$8,832.66		$5,409.66	$3,423.00	$0.00	
7	11/29/21	1/7/22	$12,637.53	$12,637.53		$4,950.33	$7,687.20	$0.00	
8	1/3/22	4/27/22	$6,102.16	$6,102.16		$6,102.16	$0.00	$0.00	
9	1/31/22	4/27/22	$4,834.80	$4,834.80		$4,834.80	$0.00	$0.00	
10	2/23/22	4/27/22	$6,604.40	$6,602.40		$6,476.40	$126.00	$2.00	
11	4/4//22			$6,538.57		$6,538.57	$0.00	($6,538.57)	
12	5/3/22			$4,521.98		$4,521.98	$0.00	($4,521.98)	
Due from Developer	$51,484.00	$62,542.55	$5,046.95	$43,833.90	$13,661.70	($11,058.55)	
							
Total Developer Contributions FY22		 $ 43,833.90 					

B.

Cordova Palms
Community Development District	Funding Request #13
May 27, 2022

GENERAL
PAYEE	FUND FY 22

Governmental Management Services
Inv # 14 - Management Fees - May 2022	$4,484.32

The St. Augustine Record
Inv # I03412562 - Notice of Meeting - 4/27/22	$94.24

$4,578.56

$4,578.56

Please make check payable to:
Cordova Palms CDD
475 W Town Place Suite 114 Saint Augustine, FL 32092

Signature:
Chairman/Vice Chairman

Signature:

Secretary/Asst. Secretary

`

Governmental Management Services, LLC
1001 Bradford Way
Kingston, TN 3n63

BIii To:
Cordova Palms COD 475 West Town Place Suite 114
St. Augustine, FL 32092

Invoice

Invoice t: 14
Invoice Date: 5/1/22
Due Date: 5/1/22
Case:
P.O. Number:

Deecrlptlon

Houra/Qty	Rate	Amount

Management Fees - May 2022			3,750.00	3,750.00	
Website Administration - May 2022			100.00	100.00	
Information Technology- May 202.2			150.00	150.00	
Dissemination Agent Services - May 2022			416.67	416.67	
Copies			67.65	67.65	

RECEIVED r	;1 .JZZ					

RECEIVED MAY O 3 2022					

Total	$4,484.32	
Payments/Credits	$0.00	
Balance Due	$4,484.32	

Wed, Apr 27, 2022 8:00:35AM

Legal Ad Invoice
The St. Augustine Record
Send Payments to:
The St. Augustine Record Dept 1261 PO BOX 121261
Dallas, TX 75312-1261

Acct: Phone: E-Mail:

56621
9048193436

Name:	CORDOVA PALMS COD
Address:  475 W. TOWN PLACE, SUITE 114

Client:	CORDOVA PALMS COD

City:	SAINT AUGUSTINE

State:	FL	Zip:	32092

Ad Number:
Start:
Placement:

0003412562-01	Caller:	Courtney Hogge
04/27/2022	Issues:	1
SA Legals	Rep:	Chris ISC-Landry

Paytype:
Stop:

BILL 04/27/2022

Copy Line:

NOTICE OF MEETING OF THE BOARD OF SUPERVISORS OF THE CORDOVA PALMS COMMUNITY DEVELOPMENT [
NOTICE OF MEh"t'ING OPTilE
BOARD OPSUPl!II.VISORSOF

Lines Depth Columns

Price

62
5.25

$94.24

TI-Ill CORDOVA PALMSOO&OlUN· rrY DEVELOPMENT OISTRJCT

110, Soard or Sup""'™'" ('1!o.,rd") of the Cordon Palms Communitv Devd· opment Dl,lrict ,.,11 bold i lot m,,,.oting on Wedneiday, May 11, 2022 II
10;00 a.m. at lhe offittt ofG<M::mrncn..

.,..  _

,at MaAAgtm..-111 S.rvi°"'. I.LC, ♦'i3 Wes1 Town Pleo,, Sult• 11♦ SL Augus, lint,, F!Qrid• 32092.• ,,,.. pUIJ)OR or lh• m• •ing I, to rcvl,,w monthly 6nlneial report.,, su,11' n,pon, and. IO conduct M)' ot r bUJin.., that nut)' com• b.­ rore the ll<l&rd. - mp)' l1f the tgeoda ma,i• be obl2lnod from Go\1,mlDJIDt:•.I Management Se.r\ioes. LLC, +is \Vot Town PIAn:. Suite- U♦. St. Augu11lne, Florida 3209:!, Ph: (90♦) 940-58JO,
and email dlau,shlin@p;imn[com ("Dis• lrid MllllAgers Olli«'/, and ii alto l\·ailable on thr Divtric.t's wcl>:9itt. wv.w Conlo,·•Pllm.cl)O.oo"'·
'"!i11"b;it',,';,'f,d ::f'\010,!';J.":;c.=t:
he provisions of Florido l..w, The mceung m v be continued ,o a d.itc. um•. and pliu:,, IO b,, IJ)<cificd Qn Ille rd '-tl me,.,:Un There m,1,v b..• O...'C&•
>lv11• whun llol<td S.1pcM50rs or Dis• met sralf will p,u-tic,patc by 'l,..i.cr 1dephone.
Any pe.n.nn rc.-quiring spccla1 accommo-­
darfons •t thla mu('!lng hccausc of• di,.
.bility or ph lcal impainn<ent ,hould oontaa lhc Olstnct Mllllll3'r's Office • leut fo e.1 t (4-9) hon1' prior to thr
.;, c=	:-n !
la\' Service 1w dWing 7-1-I. or 1·800-
955-8771  ('J'l'Y) /  1-B00-955•87i0
(Voiot), tor aid in cont.ac·un,:; the-Di
trict M.b..04ger's Office.
A person who dc<idCJ w Appeill any decl­ """ mode by th£ Ko•rd with rNp,,ct IO any maUt>r coniidcttd al 1ht n\f"ding \,,
,idvisc,J lh&t d1ht umc .pcnon w111 n-."'Cd
"'°°rd of the p_,ccling and1h11 ac•
corJfog)y, Ule pc.rwn may oecd to e:o•
,ure iliat • ,,.ri,.,Jm =rd or tho pro­ c«Jlngs i,, mad<, including th• L<sti• men)' ind l' upan ,vWdi lht: •P­ pe,u is u, be ba..J.
Da.nld L.\ughlin Distric'l M lllllgcr
0003+1 561 April 7. io•J:J

THE ST. AUGUSTINE RECORD
Affidavit of Publication

CORDOVA PALMS CDD
475 W. TOWN PLACE, SUITE 114
SAINT AUGUSTINE, FL 32092

ACCT: 56621
AD# 0003412562-0 I
PO#
PUBLISHED EVERY MORNING SUNDAY THROUGH SATURDAY
ST. AUGUSTINE AND ST. JOHNS COUNTY, FLORIDA

STATE OF FLORIDA
COUNTY OF ST. JOHNS
Before the undersigned authority personally appeared MELISSA RH1NEHART who on oath says be/she is an Employee of the St. Augustine Record, a daily newspaper published al SL Augustine in SL Johns County, Florida; that the attached copy of advertisement being a SA No-tic Misc in the matter of BOS REG MTG 5/11/22 was published in said newspaper in the issue dated 04/27/2022.

Affiant further says that the SL Augustine Record is a newspaper published al St Augustine, in St. Johns County, Florida, and that the said newspaper heretofore has been continuously published in said SL Johns County, Florida each day and has been entered as second class mail matter at the post office in the City of St. Augustine, in said St. Iolms County, Florida for a period of one year preceding the first publication of the attached copy of advertisement; and effiant funber says the he/she has neither paid nor proaused any person, firm or corporation any discount, rebate, commission, or refund for the purpose of securing this advenisement for publication in said newspaper.

NOTICE OF MEETING OF TH£
BOARD OFSUPERVISORS OF THE CORDOVA PAUIS COMIIIUN• 1n·oEVl!LOPMENrOISTRICT

or

The Boord or Supervleori ("Rcwd1 or the Con:to•• Palm! Communllr Devel• opmcn1 Oisu-ict ,.,11 hold • regulAr m•eting or.Wednesd,y. M•y II, 202.2 •I 10:00 l.m. at the ofr,ces orGo-.,etnmtn• tal Mon,11=en1 Service$, LLC. �;s Wei!t Town Place_ Suite 114 St. Augus­ tine. Florido 32092. Th• purpose oft.he meeting is lD view monLhly finauc.111 reports, staff reports 1.nd. to e:onduet any other busintu that may c.-ome be­ fon, t.he Boord.. A copv	the ,gv,d• may be obu.ined froai Covt:rn.nxnu.1
l&nll,ll".ment Services, I.LC. 75 \Ven Town Platt, Suite 11., SL Augustine, Florida 32092, Ph: (90.) 9'W-5SSO,.

wo

f.lld email dl•u&hlln@gmsnf.com ("Dis·
tric, M•n",'l<r·• Offioti, and tS
•""ilabl• on the Di,trlct's websiu,. www. Cordova P•lrnsCDD.com.
T lln uc';, d cf!iinto i=c the provisions of F1orida. law. The meeting may be continued ta II d.a. time. and pl1t11t:o b< specifu,d OD the record at mectln . 11\e. m.ay be occa..­ slons when Board Supcr,,iao,. or OiJ• trlct Staff will particlp.u.e by spc:,.loer 1e)epl1ane.

rr

Any pertOn requinng cpccigJ o.ce:an,mo­ d&tions 11 this meeang be<,&..,.. ofa dis­ ability or phxsiGll impain:-..nt il,oulcl cont:lel the District Man,.ga-·• Office u leut fort)'-dght (♦8) bo,n:s prior to the
meeting. )'OU .,. hoaring or ,pe,,dr impaired. pluse conw:i the Florida. Re­ lay Service _bx_d_ialing 7+t. or H00- 955•8771  (TfY)  I 1-800-95
(Voioe), tor aid in contacting th, Ou·
lrlct Man-,·• Office.
A (><r-.on who decides ro appal :mydeci­ sion made by th• BO<Ud with ""Jl<C' tD any matter considen,<l 11 the is
advised that thiJ   pe=n will Med
recon:t of the pracecdings md that ac­ con!ingly, the person m;,y nffd ID en,. au.re tJint a ve.rba.ti:m ncord of the pro­ cee:dlngs Ls mAde, including the t:esd-­ monr aod tvtdtf'lce upon which the a.p--­ pe,.l IS tO b, bued.
O;u,1el uughlln Dlstnct M.auagu
0003♦t2562April 2.7.2022.

Sworn to (or affinned) and subscribed before me by means of

l

b<lphysical presence or
f	nline notarization
this_ day of APR  2 7 2022

by	dd.p,r.,onaJly known rn
me or who bas produced as identification