Cordova Palms Community Development District 475 West Town Place, Suite 114
St. Augustine, Florida 32092 www.CordovaPalmsCDD.com
July 3, 2024

Board of Supervisors
Cordova Palms Community Development District
Call in #: 1-877-304-9269 Code: 410226
Dear Board Members:
The Cordova Palms Community Development District Meeting is scheduled to be held Wednesday, July 10, 2024 at 1:00 p.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:

Audit Committee Meeting

Call to Order

Review and Ranking of Audit Proposals

Other Business

Adjournment

Board of Supervisors Meeting

Call to Order

Public Comment

Organizational Matters
Acceptance of Resignations of Joyce Conway and Thomas Spiess

Consideration of Appointing New Supervisors to Fill the Vacancies (Seats 4 and 5 – Terms 11/2024)
Oath of Office for New Supervisors

Consideration of Resolution 2024-03, Designating Officers

Minutes
Approval of Minutes of the May 8, 2024 Meeting

Acceptance of Minutes of the May 8, 2024 Audit Committee Meeting

Acceptance of the Audit Committee’s Recommendation

Ratification of First Amendment to the Agreement with Florida Waterways to Add Ponds 6 and 7

Consideration of Resolution 2024-04, Approving the Proposed Budget for Fiscal Year 2025 and Setting a Public Hearing Date for Adoption
Consideration of Resolution 2024-05, Designating a Date, Time and Location for a Landowner’s Election

Staff Reports
District Counsel

District Engineer – Approval of Requisition Summary

District Manager – Discussion of Goals and Objectives

Financial Reports
Financial Statements as of April 30, 2024

Check Register

Consideration of Construction Funding Request No. 13
Supervisor Requests and Audience Comments
Next Scheduled Meeting – August 14, 2024 at 1:00 p.m. at the offices of Governmental Management Services, LLC, 475 W. Town Place, Suite 114, St. Augustine, Florida 32092
Adjournment

SECOND ORDER OF BUSINESS
Cordova Palms Community Development District
Auditor Selection Evaluation Criteria

	Ability of Personnel	Proposer's Experience	Understanding of Scope of Work	Ability to Furnish the Required Services	Price		
	(e.g., geographic locations of the firm's headquarters or permanent office in relation to the project; capabilities and experience of key personnel; present ability to manage this
project; evaluation of existing workload;
proposed staffing levels, etc.)	(e.g., past record and experience of the Proposer in similar projects; volume of work previously
performed by the firm; past performance for other Community Development
Districts in other contracts; character; integrity; reputation of respondent, etc.)	

Extent to which the
proposal demonstrates an understanding of the
District's needs for the services requested.	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 (e.g., the
existence of any natural disaster plan for business operations).	

Points will be awarded based upon the price bid for the rendering of the services and
reasonableness of the price to services.	

Point Total	
Proposer	20	20	20	20	20	100	

Berger, Toombs, Elam, Gaines & Frank							

Grau & Associates							

CORDOVA PALMS COMMUNITY DEVELOPMENT DISTRICT
PROPOSAL FOR AUDIT SERVICES

PROPOSED BY:

Berger, Toombs, Elam, Gaines & Frank CERTIFIED PUBLIC ACCOUNTANTS, PL

600 Citrus Avenue, Suite 200	(772) 461-6120 Fort Pierce, Florida 34950

CONTACT PERSON:
J. W. Gaines, CPA, Director

DATE OF PROPOSAL:

June 3, 2024
TABLE OF CONTENTS

DESCRIPTION OF SECTION	PAGE
Letter of Transmittal	1-2
Profile of the Proposer
Description and History of Audit Firm	3
Professional Staff Resources	4-5
Ability to Furnish the Required Services	5
Arbitrage Rebate Services	6
Governmental Auditing Experience	7-16
Fee Schedule	17
Scope of Work to be Performed	17
Resumes	18-36
Peer Review Letter	37
Instructions to Proposers	38-39
Evaluation Criteria	40

June 3, 2024

Cordova Palms Community Development District Governmental Management Services
475 West Town Place, Suite 114 St. Augustine, FL 32092
Dear District Manager:

Thank you very much for the opportunity to present our professional credentials to provide audit services for Cordova Palms Community Development District.
Berger, Toombs, Elam, Gaines & Frank, Certified Public Accountants, PL has assembled a team of governmental and nonprofit specialists second to none to serve our clients. Our firm has the necessary qualifications and experience to serve as the independent auditors for Cordova Palms Community Development District. We will provide you with top quality, responsive service.

Experience
Berger, Toombs, Elam, Gaines & Frank, Certified Public Accountants, PL is a recognized leader in providing services to governmental and nonprofit agencies throughout Florida. We have been the independent auditors for a number of local governmental agencies and through our experience in performing their audits, we have been able to increase our audit efficiency and; therefore, reduce costs. We have continually passed this cost savings on to our clients and will continue to do so in the future. As a result of our experience and expertise, we have developed an effective and efficient audit approach designed to meet or exceed the performance specifications in accordance with auditing standards generally accepted in the United States of America, the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States, and the standards for financial and compliance audits. We will conduct the audit in accordance with auditing standards generally accepted in the United States of America; “Government Auditing Standards” issued by the Comptroller General of the United States; the provisions of the Single Audit Act, Subpart F of Title 2 US Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, with minimal disruption to your operations. Our firm has frequent technical updates to keep our personnel informed and up-to-date on all changes that are occurring within the industry.

- 1 -
Cordova Palms Community Development District June 3, 2024
Our firm is a member of the Government Audit Quality Center, an organization dedicated to improving government audit quality. We also utilize the audit program software of a nationally recognized CPA firm to assure us that we are up to date with all auditing standards and to assist us maintain maximum audit efficiencies.

To facilitate your evaluation of our qualifications and experience, we have arranged this proposal to include a resume of our firm, including our available staff, our extensive prior governmental and nonprofit auditing experience and clients to be contacted.
You need a firm that will provide an efficient, cost-effective, high-quality audit within critical time constraints. You need a firm with the prerequisite governmental and nonprofit experience to perform your audit according to stringent legal and regulatory requirements, a firm that understands the complex nature of community development districts and their unique compliance requirements. You need a firm with recognized governmental and nonprofit specialists within the finance and governmental communities. And, certainly, you need a firm that will provide you with valuable feedback to enhance your current and future operations. Berger, Toombs, Elam, Gaines & Frank, Certified Public Accountants, PL is that firm. J. W. Gaines is the person authorized to make representations for the firm.
Thank you again for the opportunity to submit this proposal to Cordova Palms Community Development District.

Very truly yours,

Berger, Toombs, Elam, Gaines & Frank Certified Public Accountants PL
Fort Pierce, Florida

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Description and History of Audit Firm
Berger, Toombs, Elam, Gaines & Frank, Certified Public Accountants, PL is a Treasure Coast public accounting firm, which qualifies as a small business firm, as established by the Small Business Administration (13 CFR 121.38), with offices in Fort Pierce and Stuart. We are a member of the Florida Institute of Certified Public Accountants and the American Institute of Certified Public Accountants. The firm was formed from the merger of Edwards, Berger, Harris & Company (originated in 1972) and McAlpin, Curtis & Associates (originated in 1949). J. W. Gaines and Associates (originated in 1979) merged with the firm in 2004. Our tremendous growth rate experienced over the last 69 years is directly attributable to the firm’s unrelenting dedication to providing the highest quality, responsive professional services attainable to its clients.
We are a member of the Private Companies Practice Section (PCPS) of the American Institute of Certified Public Accountants (AICPA) to assure we meet the highest standards. Membership in this practice section requires that our firm meet more stringent standards than standard AICPA membership. These rigorous requirements include the requirement of a triennial peer review of our firm’s auditing and accounting practice and annual Continuing Professional Education (CPE) for all accounting staff (whether CPA or non-CPA). For standard AICPA membership, only a quality review is required and only CPAs must meet CPE requirements.
We are also a member of the Government Audit Quality Center (“the Center”) of the American Institute of Certified Public Accountants to assure the quality of our government audits. Membership in the Center, which is voluntary, requires our firm to comply with additional standards to promote the quality of government audits.
We have been extensively involved in serving local government entities with professional accounting, auditing and consulting services throughout the entire 69 year history of our firm. Our substantial experience over the years makes us uniquely qualified to provide accounting, auditing, and consulting services to these clients. We are a recognized leader in providing services to governmental and nonprofit agencies on the Treasure Coast and in Central and South Florida, with extensive experience in auditing community development districts and water control districts. We were the independent auditors of the City of Fort Pierce for over 37 years and currently, we are the independent auditors for St. Lucie County since 2002, and for 34 of the 38 years that the county has been audited by CPA firms. Additionally, we have performed audits of the City of Stuart, the City of Vero Beach, Indian River County and Martin County. We also presently audit over 75 Community Development Districts throughout Florida.
Our firm was founded on the belief that we are better able to respond to our clients needs through education, experience, independence, quality control, and personal service. Our firm’s commitment to quality is reflected in our endeavor of professional excellence via continuing education, the use of the latest computer technology, professional membership in PCPS and peer review.
We believe our approach to audit engagements, intelligence and innovation teamed with sound professional judgment enables us to explore new concepts while remaining sensitive to the fundamental need for practical solutions. We take pride in giving you the assurance that the personal assistance you receive comes from years of advanced training, technical experience and financial acumen.

Berger, Toombs, Elam, Gaines & Frank, Certified Public Accountants, PL has a total of
27 professional and administrative staff (including 12 professional staff with extensive experience servicing government entities). The work will be performed out of our Fort Pierce office with a proposed staff of one senior accountant and one or two staff accountants supervised by an audit manager and audit partner. With the exception of the directors of the firm’s offices, the professional staff is not specifically assigned to any of our individual offices. The professional and administrative staff resources available to you through Berger, Toombs, Elam, Gaines & Frank, Certified Public Accountants, PL are as follows:
Total
Partners/Directors (CPA’s)	6	
Managers (2 CPA’s)	2	
Senior/Supervisor Accountants (3 CPA’s)	3	
Staff Accountants (2 CPA)	11	
Computer Specialist	1	
Paraprofessional	7	
Administrative	 5	
Total – all personnel	35	

Following is a brief description of each employee classification:
Staff Accountant – Staff accountants work directly under the constant supervision of the auditor-in-charge and, are responsible for the various testing of documents, account analysis and any other duties as his/her supervisor believes appropriate. Minimum qualification for a staff accountant is graduation from an accredited university or college with a degree in accounting or equivalent.

Senior Accountant – A senior accountant must possess all the qualifications of the staff accountant, in addition to being able to draft the necessary reports and financial statements, and supervise other staff accountants when necessary.
Managers – A manager must possess the qualifications of the senior accountant, plus be able to work without extensive supervision from the auditor-in-charge. The manager should be able to draft audit reports from start to finish and to supervise the audit team, if necessary.
Principal – A principal is a partner/director in training. He has been a manager for several years and possesses the technical skills to act as the auditor–in-charge. A principal has no financial interest in the firm.

Partner/Director – The director has extensive governmental auditing experience and acts as the auditor-in-charge. Directors have a financial interest in the firm.

Independence – Independence of the public accounting firm, with respect to the audit client, is the foundation from which the public gains its trust in the opinion issued by the public accounting firm at the end of the audit process. This independence must be in appearance as well as in fact. The public must perceive that the accounting firm is independent of the audit entity to ensure that nothing would compromise the opinion issued by the public accounting firm. Berger, Toombs, Elam, Gaines & Frank, Certified Public Accountants, PL is independent of Cordova Palms Community Development District, including its elected officials and related parties, at the date of this proposal, as defined by the following rules, regulations, and standards:
AuSection 220 – Statements on Auditing Standards issued by the American Institute of Certified Public Accountants;
ET Sections 101 and 102 – Code of Professional Conduct of the American Institute of Certified Public Accountants;
Chapter 21A-1, Florida Administrative Code; Section 473.315, Florida Statutes; and,
Government Auditing Standards, issued by the Comptroller General of the United States.
On an annual basis, all members of the firm are required to confirm, in writing, that they have no personal or financial relationships or holding that would impair their independence with regard to the firm’s clients.

Independence is a hallmark of our profession. We encourage our staff to use professional judgment in situations where our independence could be impaired or the perception of a conflict of interest might exist. In the governmental sector, public perception is as important as professional standards. Therefore, the utmost care must be exercised by independent auditors in the performance of their duties.
Ability to Furnish the Required Services

As previously noted in the Profile of the Proposer section of this document, our firm has been in existence for over 74 years. We have provided audit services to some clients for over 30 years continually. Our firm is insured against physical loss through commercial insurance and we also carry liability insurance. The majority of our audit documentation is stored electronically, both on our office network and on each employee laptop or computer assigned to each specific job. Our office computer network is backed up on tape, so in the event of a total equipment loss, we can restore all data as soon as replacement equipment is acquired. In addition, our field laptop computers carry the same data and can be used in the event of emergency with virtually no delay in completing the required services.

Arbitrage Rebate Services

Berger, Toombs, Elam, Gaines & Frank, Certified Public Accountants, PL also provides arbitrage rebate compliance and related services to governmental issuers. The Tax Reform Act of 1986 requires issuers of most tax-exempt obligations to pay (i.e., “rebate”) to the United States government any arbitrage profits. Arbitrage profits are earnings on the investment of bond proceeds and certain other monies in excess of what would have been earned had such monies been invested at a yield equal to the yield on the bonds.
Federal tax law requires that interim rebate calculations and payments are due at the end of every fifth bond year. Final payment is required upon redemption of the bonds. More frequent calculations may be deemed advisable by an issuer’s auditor, trustee or bond counsel or to assure that accurate and current records are available. These more frequent requirements are usually contained in the Arbitrage or Rebate Certificate with respect to the bonds.

Our firm performs a comprehensive rebate analysis and includes the following:
Verifying that the issue is subject to rebate;
Calculating the bond yield;
Identifying, and separately accounting for, all “Gross Proceeds” (as that term is defined in the Code) of the bond issue, including those requiring analysis due to “transferred proceeds” and/or “commingled funds” circumstances;
Determining what general and/or elective options are available to Gross proceeds of the issue;
Calculating the issue’s excess investment earning (rebate liability), if any;
Delivering appropriate documentation to support all calculations;
Providing an executive summary identifying the methodology employed, major assumptions, conclusions, and any other recommendations for changes in recordkeeping and investment policies;
Assisting as necessary in the event of an Internal Revenue Service inquiry; and,
Consulting with issue staff, as necessary, regarding arbitrage related matters.
GOVERNMENTAL AUDITING EXPERIENCE

Berger, Toombs, Elam, Gaines & Frank, Certified Public Accountants, PL has been practicing public accounting in Florida for 69 years. Our success over the years has been the result of a strong commitment to providing personalized quality service to our clients.
The current members of our firm have performed audits of over 1,100 community development districts, and over 2,100 audits of municipalities, counties and other governmental entities such as the City of Fort Pierce and St. Lucie County.

Our firm provides a variety of accounting, auditing, tax litigation support, and consulting services. Some of the professional accounting, auditing and management consulting services that are provided by our firm are listed below:

Performance of annual financial and compliance audits, including Single Audits of state and federal financial assistance programs, under the provisions of the Single Audit Act,
Subpart F of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance), with minimal disruptions to your operations;
Performance of special compliance audits to ascertain compliance with the applicable local, state and federal laws and regulations;
Issuance of comfort letters and consent letters in conjunction with the issuance of tax- exempt debt obligations, including compiling financial data and interim period financial statement reviews;
Calculation of estimated and actual federal arbitrage rebates;
Assistance in compiling historical financial data for first-time and supplemental submissions for GFOA Certificate of Achievement for Excellence in Financial Reporting;
Preparation of indirect cost allocation systems in accordance with Federal and State regulatory requirements;
Providing human resource and employee benefit consulting;
Performance of automation feasibility studies and disaster recovery plans;
Performance feasibility studies concerning major fixed asset acquisitions and utility plant expansion plans (including electric, water, pollution control, and sanitation utilities); and
Assistance in litigation, including testimony in civil and criminal court.
Assist clients who utilize QuickBooks software with their software needs. Our Certified QuickBooks Advisor has undergone extensive training through QuickBooks and has
passed several exams to attain this Certification.
Continuing Professional Education

All members of the governmental audit staff of our firm, and audit team members assigned to this engagement, are in compliance with the Continuing Professional Education (CPE) requirements set forth in Government Auditing Standards issued by the Comptroller General of the United States. In addition, our firm is in compliance with the applicable provisions of the Florida Statutes that require CPA’s to have met certain CPE requirements prior to proposing on governmental audit engagements.

The audit team has extensive experience in performing governmental audits and is exposed to intensive and continuing concentration on these types of audits. Due to the total number of governmental audits our team performs, each member of our governmental staff must understand and be able to perform several types of governmental audits. It is our objective to provide each professional employee fifty hours or more of comprehensive continuing professional education each year. This is accomplished through attending seminars throughout Florida and is reinforced through in-house training.
Our firm has made a steadfast commitment to professional education. Our active attendance and participation in continuing professional education is a major part of our objective to obtain the most recent knowledge on issues which are of importance to our clients. We are growing on the reputation for work that our firm is providing today.
Quality Control Program

Quality control requires continuing commitment to professional excellence. Berger, Toombs, Elam, Gaines & Frank, Certified Public Accountants, PL is formally dedicated to that commitment.

To ensure maintaining the standards of working excellence required by our firm, we joined the Private Companies Practice Section (PCPS) of the American Institute of Certified Public Accountants (AICPA). To be a participating member firm of this practice section, a firm must obtain an independent Peer Review of its quality control policies and procedures to ascertain the firm’s compliance with existing auditing standards on the applicable engagements.
The scope of the Peer Review is comprehensive in that it specifically reviews the following quality control policies and procedures of the participating firm:
Professional, economic, and administrative independence;
Assignment of professional personnel to engagements;
Consultation on technical matters;
Supervision of engagement personnel;
Hiring and employment of personnel;
Professional development;
Advancement;
Acceptance and continuation of clients; and,
Inspection and review system.
We believe that our commitment to the program is rewarding not only to our firm, but primarily to our clients.
The external independent Peer Review of the elements of our quality control policies and procedures performed by an independent certified public accountant, approved by the PCPS of the AICPA, provides you with the assurance that we continue to conform to standards of the profession in the conduct of our accounting and auditing practice.

Our firm is also a member of Governmental Audit Quality Center (GAQC), a voluntary membership center for CPA firms that perform governmental audits. This center promotes the quality of governmental audits.
Our firm has completed successive Peer Reviews. These reviews included a representative sample of our firm’s local governmental auditing engagements. As a result of these reviews, our firm obtained an unqualified opinion on our quality control program and work procedures. On page 31 is a copy of our most recent Peer Review report. It should be noted that we received a pass rating.

Our firm has never had any disciplinary actions by state regulatory bodies or professional organizations.
As our firm performs approximately one hundred audits each year that are reviewed by federal, state or local entities, we are constantly dealing with questions from these entities about our audits. We are pleased to say that any questions that have been raised were minor issues and were easily resolved without re-issuing any reports.

Certificate of Achievement for Excellence in Financial Reporting (CAFR)

We are proud and honored to have been involved with the City of Fort Pierce and the Fort Pierce Utilities Authority when they received their first Certificates of Achievement for Excellence in Financial Reporting for the fiscal years ended September 30, 1988 and 1994, respectively. We were also instrumental in the City of Stuart receiving the award, in our first year of performing their audit, for the year ended September 30, 1999.
We also assisted St. Lucie County, Florida for the year ended September 30, 2003, in preparing their first Comprehensive Annual Financial Report, and St. Lucie County has received their Certificate of Achievement for Excellence in Financial Reporting every year since.

As continued commitment to insuring that we are providing the highest level of experience, we have had at least one employee of our firm serve on the GFOA – Special Review Committee since the mid-1980s. This committee is made up of selective Certified Public Accountants throughout the United States who have demonstrated their high level of knowledge and expertise in governmental accounting. Each committee member attends a special review meeting at the Annual GFOA Conference. At this meeting, the committee reports on the Certificate of Achievement Program’s most recent results, future goals, and common reporting deficiencies.

We feel that our previous experience in assisting the City of Fort Pierce, the Fort Pierce Utilities Authority and St. Lucie County obtain their first CAFRs, and the City of Stuart in continuing to receive a CAFR and our firm’s continued involvement with the GFOA, and the CAFR review committee make us a valued asset for any client in the field of governmental financial reporting.

References

Terracina Community Development	Gateway Community Development District		District
Jeff Walker, Special District Services	Stephen Bloom, Severn Trent Management
(561) 630-4922	(954) 753-5841

The Reserve Community Development District	Clearwater Cay Community Development
District
Darrin Mossing, Governmental Management	Cal Teague, Premier District Management Services LLC
(407) 841-5524	(239) 690-7100 ext 101

In addition to the above, we have the following additional governmental audit experience: Community Development Districts
Aberdeen Community Development	Beacon Lakes Community District		Development District

Alta Lakes Community Development	Beaumont Community Development District		District

Amelia Concourse Community	Bella Collina Community Development
Development District	District

Amelia Walk Communnity	Bonnet Creek Community
Development District	Development District

Aqua One Community Development	Buckeye Park Community District		Development District

Arborwood Community Development	Candler Hills East Community District		Development District

Arlington Ridge Community	Cedar Hammock Community
Development District	Development District

Bartram Springs Community	Central Lake Community
Development District	Development District

Baytree Community Development	Channing Park Community
District	Development District

Cheval West Community	Evergreen Community Development
Development District	District

Coconut Cay Community	Forest Brooke Community Development District		Development District

Colonial Country Club Community	Gateway Services Community
Development District	Development District

Connerton West Community	Gramercy Farms Community
Development District	Development District

Copperstone Community	Greenway Improvement District Development District

Creekside @ Twin Creeks Community	Greyhawk Landing Community Development District		Development District

Deer Run Community Development	Griffin Lakes Community Development District		District

Dowden West Community	Habitat Community Development
Development District	District

DP1 Community Development	Harbor Bay Community Development
District	District

Eagle Point Community Development	Harbourage at Braden River District		Community Development District

East Nassau Stewardship District	Harmony Community Development
District
Eastlake Oaks Community
Development District	Harmony West Community Development District
Easton Park Community Development
District	Harrison Ranch Community
Development District
Estancia @ Wiregrass Community
Development District	Hawkstone Community Development District

Heritage Harbor Community	Madeira Community Development
Development District	District

Heritage Isles Community	Marhsall Creek Community
Development District	Development District

Heritage Lake Park Community	Meadow Pointe IV Community
Development District	Development District

Heritage Landing Community	Meadow View at Twin Creek
Development District	Community Development District

Heritage Palms Community	Mediterra North Community
Development District	Development District

Heron Isles Community	Midtown Miami Community
Development District	Development District

Heron Isles Community Development	Mira Lago West Community District		Development District

Highland Meadows II Community	Montecito Community
Development District	Development District

Julington Creek Community	Narcoossee Community
Development District	Development District

Laguna Lakes Community	Naturewalk Community
Development District	Development District

Lake Bernadette Community	New Port Tampa Bay Community
Development District	Development District

Lakeside Plantation Community	Overoaks Community Development
Development District	District

Landings at Miami Community	Panther Trace II Community
Development District	Development District

Legends Bay Community	Paseo Community Development
Development District	District

Lexington Oaks Community	Pine Ridge Plantation Community
Development District	Development District

Live Oak No. 2 Community	Piney Z Community Development
Development District	District
Poinciana Community	Sampson Creek Community
Development District	Development District

Poinciana West Community	San Simeon Community
Development District	Development District

Port of the Islands Community	Six Mile Creek Community
Development District	Development District

Portofino Isles Community	South Village Community
Development District	Development District

Quarry Community Development	Southern Hills Plantation I
District	Community Development District

Renaissance Commons Community	Southern Hills Plantation III Development District		Community Development District

Reserve Community	South Fork Community
Development District	Development District

Reserve #2 Community	St. John's Forest Community
Development District	Development District

River Glen Community	Stoneybrook South Community
Development District	Development District

River Hall Community	Stoneybrook South at ChampionsGate
Development District	Community Development District

River Place on the St. Lucie	Stoneybrook West Community
Community Development District	Development District

Rivers Edge Community	Tern Bay Community
Development District	Development District

Riverwood Community	Terracina Community Development
Development District	District

Riverwood Estates Community	Tison's Landing Community
Development District	Development District

Rolling Hills Community	TPOST Community Development
Development District	District

Rolling Oaks Community Development District

Triple Creek Community	Vizcaya in Kendall
Development District	Development District

TSR Community Development	Waterset North Community
District	Development District

Turnbull Creek Community	Westside Community Development
Development District	District

Twin Creeks North Community	WildBlue Community Development
Development District	District

Urban Orlando Community	Willow Creek Community
Development District	Development District

Verano #2 Community	Willow Hammock Community
Development District	Development District

Viera East Community	Winston Trails Community
Development District	Development District

VillaMar Community	Zephyr Ridge Community
Development District	Development District

Other Governmental Organizations

City of Westlake

Florida Inland Navigation District Fort Pierce Farms Water Control
District

Indian River Regional Crime Laboratory, District 19, Florida
Viera Stewardship District
Office of the Medical Examiner, District 19
Rupert J. Smith Law Library of St. Lucie County
St. Lucie Education Foundation Seminole Improvement District Troup Indiantown Water
Control District

Current or Recent Single Audits,

St. Lucie County, Florida Early Learning Coalition, Inc.
Gateway Services Community Development District.
Members of our audit team have acquired extensive experience from performing or participating in over 1,800 audits of governments, independent special taxing districts, school boards, and other agencies that receive public money and utilize fund accounting.

Much of our firm’s auditing experience is with compliance auditing, which is required for publicly financed agencies. In this type of audit, we do a financial examination and also confirm compliance with various statutory and regulatory guidelines.

Following is a summary of our other experience, including Auditor General experience, as it pertains to other governmental and fund accounting audits.

Counties
(Includes elected constitutional officers, utilities and dependent taxing districts)

Indian River Martin Okeechobee Palm Beach
Municipalities

City of Port St. Lucie City of Vero Beach Town of Orchid

Special Districts

Bannon Lakes Community Development District Boggy Creek Community Development District Capron Trail Community Development District Celebration Pointe Community Development District Coquina Water Control District
Diamond Hill Community Development District Dovera Community Development District
Durbin Crossing Community Development District Golden Lakes Community Development District Lakewood Ranch Community Development District Martin Soil and Water Conservation District Meadow Pointe III Community Development District Myrtle Creek Community Development District
St. Lucie County – Fort Pierce Fire District The Crossings at Fleming Island
St. Lucie West Services District
Indian River County Mosquito Control District St. John’s Water Control District
Westchase and Westchase East Community Development Districts Pier Park Community Development District
Verandahs Community Development District Magnolia Park Community Development District

Schools and Colleges

Federal Student Aid Programs – Indian River Community College Indian River Community College
Okeechobee County District School Board St. Lucie County District School Board
State and County Agencies

Central Florida Foreign-Trade Zone, Inc. (a nonprofit organization affiliated with the St. Lucie County Board of County Commissioners)
Florida School for Boys at Okeechobee
Indian River Community College Crime Laboratory Indian River Correctional Institution
FEE SCHEDULE

We propose the fee for our audit services described below to be $6,515 for the years ended September 30, 2024 and 2025, $6,840 for the year ended September 30, 2026, and $7,075 for the years ended September 30, 2027 and 2028. The fee is contingent upon the financial records and accounting systems of Cordova Palms Community Development District being “audit ready” and the financial activity for the District is not materially increased. If we discover that additional preparation work or subsidiary schedules are needed, we will consult with your authorized representative. We can assist with this additional work at our standard rates should you desire.
SCOPE OF WORK TO BE PERFORMED
If selected as the District's auditors, we will perform a financial and compliance audit in accordance with Section 11.45, Florida Statutes, in order to express an opinion on an annual basis on the financial statements of Cordova Palms Community Development District as of September 30, 2024, 2025, 2026, 2027, and 2028. The audits will be performed to the extent necessary to express an opinion on the fairness in all material respects with which the financial statements present the financial position, results of operations and changes in financial position in conformity with generally accepted accounting principles and to determine whether, for selected transactions, operations are properly conducted in accordance with legal and regulatory requirements. Reportable conditions that are also material weaknesses shall be identified as such in the Auditors' Report on Internal Control over Financial Reporting and on Compliance and Other Matters. Other (non-reportable) conditions discovered during the course of the audit will be reported in a separate letter to management, which will be referred to in the Auditors' Report on Internal Control over Financial Reporting and on Compliance and Other Matters.
Our audit will be performed in accordance with standards for financial and compliance audits contained in Government Auditing Standards, as well as in compliance with rules and regulations of audits of special districts as set forth by the State Auditor General in Chapter 10.550, Local Governmental Entity Audits, and other relevant federal, state and county orders, statutes, ordinances, charter, resolutions, bond covenants, Administrative Code and procedures, or rules and regulations which may pertain to the work required in the engagement.
The primary purpose of our audit will be to express an opinion on the financial statements discussed above. It should be noted that such audits are subject to the inherent risk that errors or irregularities may not be detected. However, if conditions are discovered which lead to the belief that material errors, defalcations or other irregularities may exist or if other circumstances are encountered that require extended services, we will promptly notify the appropriate individual.

J. W. Gaines, CPA, CITP
Director – 44 years

Education
Stetson University, B.B.A. – Accounting
Registrations
Certified Public Accountant – State of Florida, State Board of Accountancy
Certified Information Technology Professional (CITP) – American Institute of Certified Public Accountants

Professional Affiliations/Community Service
Member of the American and Florida Institutes of Certified Public Accountants
Affiliate member Government Finance Officers Association
Past President, Vice President-Campaign Chairman, Vice President and Board Member of United Way of St. Lucie County, 1989 - 1994
Past President, President Elect, Secretary and Treasurer of the Treasure Coast Chapter of the Florida Institute of Certified Public Accountants, 1988 - 1991
Past President of Ft. Pierce Kiwanis Club, 1994 - 95, Member/Board Member since 1982
Past President, Vice President and Treasurer of St. Lucie County Chapter of the American Cancer Society, 1980 -1986
Member of the St. Lucie County Chamber of Commerce, Member Board of Directors, Treasurer, September 2002 - 2006, Chairman Elect 2007, Chairman 2008, Past Chairman
2009
Member Lawnwood Regional Medical Center Board of Trustees, 2000 – Present, Chairman 2013 - Present
Member of St. Lucie County Citizens Budget Committee, 2001 – 2002
Member of Ft. Pierce Citizens Budget Advisory Committee, 2010 – 2011
Member of Ft. Pierce Civil Service Appeals Board, 2013 - Present
Professional Experience
Miles Grant Development/Country Club – Stuart, Florida, July 1975 – October 1976
State Auditor General’s Office – Public Accounts Auditor – November 1976 through September 1979
Director - Berger, Toombs, Elam, Gaines & Frank, Certified Public Accountants PL, responsible for numerous government and nonprofit audits.
Over 40 years experience in all phases of public accounting and auditing experience, with a concentration in financial and compliance audits. Mr. Gaines has been involved in all phases of the audits listed on the preceding pages.

J. W. Gaines, CPA, CITP (Continued)
Director

Continuing Professional Education
Has participated in numerous continuing professional education courses provided by nationally recognized sponsors over the last two years to keep abreast of the latest developments in accounting and auditing such as:
Governmental Accounting Report and Audit Update Analytical Procedures, FICPA
Annual Update for Accountants and Auditors Single Audit Sampling and Other Considerations

David S. McGuire, CPA, CITP
Director – 36 years experience

Education
University of Central Florida, B.A. – Accounting
Barry University – Master of Professional Accountancy
Registrations
Certified Public Accountant – State of Florida, State Board of Accountancy
Certified Information Technology Professional (CITP) – American Institute of Certified Public Accountants
Certified Not-For-Profit Core Concepts 2018
Professional Affiliations/Community Service
Member of the American and Florida Institutes of Certified Public Accountants
Associate Member, Florida Government Finance Office Associates
Assistant Coach – St. Lucie County Youth Football Organization (1994 – 2005)
Assistant Coach – Greater Port St. Lucie Football League, Inc. (2006 – 2010)
Board Member – Greater Port St. Lucie Football League, Inc. (2011 – 2017)
Treasurer, AIDS Research and Treatment Center of the Treasure Coast, Inc. (2000 – 2003)
Board Member/Treasurer, North Treasure Coast Chapter, American Red Cross (2004 – 2010)
Member/Board Member of Port St. Lucie Kiwanis (1994 – 2001)
President (2014/15) of Sunrise Kiwanis of Fort Pierce (2004 – 2017)
St. Lucie District School Board Superintendent Search Committee (2013 – present)
Board Member – Phrozen Pharoes (2019-2021)
Professional Experience
Twenty-eight years public accounting experience with an emphasis on nonprofit and governmental organizations.
Audit Manager in-charge on a variety of audit and review engagements within several industries, including the following government and nonprofit organizations:
St. Lucie County, Florida
19th Circuit Office of Medical Examiner Troup Indiantown Water Control District
Exchange Club Center for the Prevention of Child Abuse, Inc. Healthy Kids of St. Lucie County
Mustard Seed Ministries of Ft. Pierce, Inc. Reaching Our Community Kids, Inc.
Reaching Our Community Kids - South
St. Lucie County Education Foundation, Inc. Treasure Coast Food Bank, Inc.
North Springs Improvement District
Four years of service in the United States Air Force in computer operations, with a top secret (SCI/SBI) security clearance.

David S. McGuire, CPA, CITP (Continued)
Director

Continuing Professional Education
Mr. McGuire has attended numerous continuing professional education courses and seminars taught by nationally recognized sponsors in the accounting auditing and single audit compliance areas. He has attended courses over the last two years in those areas as
follows:
Not-for-Profit Auditing Financial Results and Compliance Requirements Update: Government Accounting Reporting and Auditing
Annual Update for Accountants and Auditors

Matthew Gonano, CPA
Director – 13 years total experience

Education
University of North Florida, B.B.A. – Accounting
University of Alicante, Spain – International Business
Florida Atlantic University – Masters of Accounting
Professional Affiliations/Community Service
American Institute of Certified Public Accountants
Florida Institute of Certified Public Accountants
Professional Experience

Senior Accountant with Berger, Toombs, Elam, Gaines, & Frank providing professional services to nonprofit and governmental entities.
Performed audits of nonprofit and governmental organizations in accordance with Governmental Accounting Auditing Standards (GAAS)
Performed Single Audits of nonprofit organizations in accordance with OMB Circular A-133, Audits of State, Local Governments, and Non-Profit Organizations.

Continuing Professional Education
Mr. Gonano has participated in numerous continuing professional education courses.

David F. Haughton, CPA
Accounting and Audit Manager – 33 years

Education
Stetson University, B.B.A. – Accounting
Registrations
Certified Public Accountant – State of Florida, State Board of Accountancy
Professional Affiliations/Community Service
Member of the American and Florida Institutes of Certified Public Accountants
Former Member of Florida Institute of Certified Public Accountants Committee on State and Local Government
Affiliate Member Government Finance Officers Association (GFOA) for over 10 years
Affiliate Member Florida Government Finance Officers Association (FGFOA) for over 10 years
Technical Review – 1997 FICPA Course on State and Local Governments in Florida
Board of Directors – Kiwanis of Ft. Pierce, Treasurer – 1994-1999; Vice President – 1999- 2001

Professional Experience
Twenty-seven years public accounting experience with an emphasis on governmental and nonprofit organizations.
State Auditor General’s Office – West Palm Beach, Staff Auditor, June 1985 to September 1985
Accounting and Audit Manager of Berger, Toombs, Elam, Gaines & Frank, Certified Public Accountants PL, responsible for audit and accounting services including governmental and not-for-profit audits.
Over 20 years of public accounting and governmental experience, specializing in governmental and nonprofit organizations with concentration in special districts, including Community Development Districts which provide services including water and sewer utilities.
Governmental and non-profit entities served include the following:

Counties:
St. Lucie County

Municipalities: City of Fort Pierce City of Stuart

David F. Haughton, CPA (Continued)
Accounting and Audit Manager

Professional Experience (Continued) Special Districts:
Bluewaters Community Development District
Country Club of Mount Dora Community Development District Fiddler’s Creek Community Development District #1 and #2 Indigo Community Development District
North Springs Improvement District
Renaissance Commons Community Development District St. Lucie West Services District
Stoneybrook Community Development District Summerville Community Development District Terracina Community Development District Thousand Oaks Community Development District Tree Island Estates Community Development District Valencia Acres Community Development District

Non-Profits:
The Dunbar Center, Inc.
Hibiscus Children’s Foundation, Inc. Hope Rural School, Inc.
Maritime and Yachting Museum of Florida, Inc. Tykes and Teens, Inc.
United Way of Martin County, Inc.
Workforce Development Board of the Treasure Coast, Inc.
While with the Auditor General’s Office he was on the staff for the state audits of the Martin County School District and Okeechobee County School District.
During 1997 he performed a technical review of the Florida Institute of Certified Public Accountants state CPE course on Audits of State and Local Governments in Florida. His comments were well received by the author and were utilized in future updates to the course.
Continuing Professional Education
	During the past several years, he has participated in numerous professional development training programs sponsored by the AICPA and FICPA, including state conferences on special districts and governmental auditing in Florida. He averages in excess of 100 hours
bi-annually of advanced training which exceeds the 80 hours required in accordance with the continuing professional education requirements of the Florida State Board of accountancy and the AICPA Private Companies Practice Section. He has over 75 hours of governmental CPE credit within the past two years.

Paul Daly
Staff Accountant – 11 years

Education
Florida Atlantic University, B.S. – Accounting
Professional Experience
Staff Accountant with Berger, Toombs, Elam, Gaines, & Frank providing professional services to nonprofit and governmental entities.

Continuing Professional Education
Working to attain the requirements to take the Certified Public Accounting (CPA) exam.

Melissa Marlin, CPA
Senior Staff Accountant – 9 years

Education
Indian River State College, A.A. – Accounting
Florida Atlantic University, B.B.A. – Accounting
Professional Experience
Staff accountant with Berger, Toombs, Elam, Gaines, & Frank providing professional services to nonprofit and governmental entities.

Continuing Professional Education
Mrs. Marlin participates in numerous continuing professional education courses provided by nationally recognized sponsors to keep abreast of the latest developments.

Bryan Snyder
Staff Accountant – 8 years

Education
Florida Atlantic University, B.B.A. – Accounting
Professional Experience
Accountant beginning his professional auditing career with Berger, Toombs, Elam, Gaines, & Frank.
Mr. Snyder is gaining experience auditing governmental & nonprofit entities.
Continuing Professional Education
Mr. Snyder participates in numerous continuing education courses and plans on working to acquire his CPA certificate.
Mr. Snyder is currently studying to pass the CPA exam.

Maritza Stonebraker, CPA
Senior Accountant – 7 years

Education
Indian River State College, B.S. – Accounting
Professional Experience
Staff Accountant beginning her professional auditing career with Berger, Toombs, Elam, Gaines, & Frank.

Continuing Professional Education
Mrs. Stonebraker participates in numerous continuing professional education courses provided by nationally recognized sponsors to keep abreast of the latest developments.

Jonathan Herman, CPA
Senior Staff Accountant – 9 years

Education
University of Central Florida, B.S. – Accounting
Florida Atlantic University, MACC
Professional Experience
Accounting graduate with nine years experience with Berger, Toombs, Elam, Gaines, & Frank providing professional services to nonprofit and governmental entities.

Continuing Professional Education
Mr. Herman participates in numerous continuing professional education courses provided by nationally recognized sponsors to keep abreast of the latest developments.

Sean Stanton, CPA
Staff Accountant – 5 years

Education
University of South Florida, B.S. – Accounting
Florida Atlantic University, M.B.A. – Accounting
Professional Experience
Staff accountant with Berger, Toombs, Elam, Gaines, & Frank auditing governmental and non-profit entities.

Continuing Professional Education
Mr. Stanton participates in numerous continuing professional education courses provided by nationally recognized sponsors to keep abreast of the latest developments.
Tifanee Terrell
Staff Accountant – 3 years

Education
Florida Atlantic University, M.A.C.C. – Accounting
Professional Experience
	Staff Accountant with Berger, Toombs, Elam, Gaines, & Frank providing professional services to nonprofit and governmental entities.

Continuing Professional Education
Ms. Terrell participates in numerous continuing professional education courses provided by nationally recognized sponsors to keep abreast of the latest developments.
Ms. Terrell is currently studying to pass the CPA exam.

Dylan Dixon
Staff Accountant – 1 year

Education
Indian River State College, B.S. – Accounting
Professional Experience
	Staff Accountant with Berger, Toombs, Elam, Gaines, & Frank providing professional services to nonprofit and governmental entities.

Continuing Professional Education
Mr. Dixon participates in numerous continuing professional education courses provided by nationally recognized sponsors to keep abreast of the latest developments.

Brennen Moore
Staff Accountant

Education
Indian River State College, B.S. – Accounting
Professional Experience
	Staff Accountant with Berger, Toombs, Elam, Gaines, & Frank providing professional services to nonprofit and governmental entities.

Continuing Professional Education
Mr. Moore participates in numerous continuing professional education courses provided by nationally recognized sponsors to keep abreast of the latest developments.

Jordan Wood
Staff Accountant – 1 year

Education
Indian River State College, A.A. – Accounting
Professional Experience
	Staff Accountant with Berger, Toombs, Elam, Gaines, & Frank providing professional services to nonprofit and governmental entities.

Continuing Professional Education
Ms. Wood is currently enrolled at Indian River State College to complete her bachelor’s degree.
Ms. Wood participates in numerous continuing professional education courses provided by nationally recognized sponsors to keep abreast of the latest developments.
Ms. Wood is currently working towards completing an additional 30 hours of education to qualify to sit for CPA exam.

Katie Gifford
Staff Accountant

Education
Indian River State College, B.S. – Accounting
Professional Experience
	Staff Accountant with Berger, Toombs, Elam, Gaines, & Frank providing professional services to nonprofit and governmental entities.

Continuing Professional Education
Ms. Gifford participates in numerous continuing professional education courses provided by nationally recognized sponsors to keep abreast of the latest developments.

Rayna Zicari
Staff Accountant

Education
Stetson University, B.B.A. – Accounting
Professional Experience
	Staff Accountant with Berger, Toombs, Elam, Gaines, & Frank providing professional services to nonprofit and governmental entities.

Continuing Professional Education
Ms. Zicari participates in numerous continuing professional education courses provided by nationally recognized sponsors to keep abreast of the latest developments.
Ms. Zicari is currently working towards completing an additional 30 hours of education to qualify to sit for CPA exam.

CORDOVA PALMS COMMUNITY DEVELOPMENT DISTRICT REQUEST FOR PROPOSALS
Annual Audit Services for Fiscal Year 2024
St. Johns County, Florida
INSTRUCTIONS TO PROPOSE

SECTION 1. DUE DATE. An electronic copy of the proposal must be received no later than Monday, June 3, 2024, at 12:00 p.m., at the email address of the District’s Recording Secretary, Courtney Hogge, chogge@gmsnf.com.
SECTION 2. FAMILIARITY WITH THE LAW. By submitting a proposal, the Proposer is assumed to be familiar with all federal, state, and local laws, ordinances, rules, and regulations that in any manner affect the work. Ignorance on the part of the Proposer will in no way relieve it from responsibility to perform the work covered by the proposal in compliance with all such laws, ordinances and regulations.

SECTION 3. QUALIFICATIONS OF PROPOSER. The contract, if awarded, will only be awarded to a responsible Proposer who is qualified by experience and licensing to do the work specified herein. The Proposer shall submit with its proposal satisfactory evidence of experience in similar work and show that it is fully prepared to complete the work to the satisfaction of the District.
SECTION 4. SUBMISSION OF ONLY ONE PROPOSAL. Proposers shall be
disqualified and their proposals rejected if the District has reason to believe that collusion may exist among the Proposers, the Proposer has defaulted on any previous contract or is in arrears on any previous or existing contract, or for failure to demonstrate proper licensure and business organization.

SECTION 5. SUBMISSION OF PROPOSAL. Submit one electronic copy of the Proposal Documents, and other requested attachments at the time and place indicated herein, which shall include the subject line, “Auditing Services – Cordova Palms Community Development District”.

SECTION 6. MODIFICATION AND WITHDRAWAL. Proposals may be modified or withdrawn by an appropriate document duly executed and delivered to the place where proposals are to be submitted at any time prior to the time and date the proposals are due. No proposal may be withdrawn after opening for a period of ninety (90) days.
SECTION 7. PROPOSAL DOCUMENTS. The proposal documents shall consist of the notice announcing the request for proposals, these instructions, the Evaluation Criteria Sheet and a proposal with all required documentation pursuant to Section 12 of these instructions (the “Proposal Documents”).

SECTION 8. PROPOSAL. In making its proposal, each Proposer represents that it has read and understands the Proposal Documents and that the proposal is made in accordance therewith.
SECTION 9. BASIS OF AWARD/RIGHT TO REJECT. The District reserves the right to reject any and all proposals, make modifications to the work, and waive any informalities or irregularities in proposals as it is deemed in the best interests of the District.
SECTION 10. CONTRACT AWARD. Within fourteen (14) days of receipt of the Notice of Award from the District, the Proposer shall enter into and execute a Contract (engagement letter) with the District.

SECTION 11. LIMITATION OF LIABILITY. Nothing herein shall be construed as or constitute a wavier of District’s limited waiver of liability contained in section 768.28, Florida Statutes, or any other statute or law.
SECTION 12. MISCELLANEOUS. All proposals shall include the following information in addition to any other requirements of the proposal documents.

List position or title of all personnel to perform work on the District audit. Include resumes for each person listed: list years of experience in present position for each party listed and years of related experience.
Describe proposed staffing levels, including resumes with applicable certifications.
Three references from projects of similar size and scope. The Proposer should include information relating to the work it conducted for each reference as well as a name, address and phone number of a contact person.

The lump sum cost of the provision of the services under the proposal.

SECTION 13. PROTESTS. Any protest regarding the Proposal Documents, must be filed in writing, at the offices of the District Manager, within seventy-two (72) hours after the receipt of the proposed project plans and specifications or other contract documents. The formal protest setting forth with particularity the facts and law upon which the protest is based shall be filed within seven (7) calendar days after the initial notice of protest was filed. Failure to timely file a notice of protest or failure to timely file a formal written protest shall constitute a waiver of any right to object or protest with respect to aforesaid plans, specifications or contract documents.
SECTION 14. EVALUATION OF PROPOSALS. The criteria to be used in the evaluation of proposals are presented in the Evaluation Criteria Sheet, contained within the Proposal Documents.
CORDOVA PALMS CDD AUDITOR SELECTION EVALUATION CRITERIA

Ability of Personnel.	(20 Points)

(E.g., geographic locations of the firm’s headquarters or permanent office in relation to the project; capabilities and experience of key personnel; present ability to manage this project; evaluation of existing work load; proposed staffing levels, etc.)

Proposer’s Experience.	(20 Points)

(E.g. past record and experience of the Proposer in similar projects; volume of work previously performed by the firm; past performance for other Community Development Districts in other contracts; character, integrity, reputation, or respondent, etc.)
Understanding of Scope of Work.	(20 Points)

Extent to which the proposal demonstrates an understanding of the District’s needs for the services requested.
Ability to Furnish the Required Services.	(20 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. (E.g., the existence of any natural disaster plan for business operations)

Price.	(20 Points)

Points will be awarded based upon the price bid for the rendering of the services and reasonableness of the price to the services.

Proposal to Provide Financial Auditing Services:
CORDOVA PALMS
COMMUNITY DEVELOPMENT DISTRICT

Proposal Due: June 3, 2024 12:00PM
Submitted to:
Cordova Palms
Community Development District c/o District Manager
475 West Town Place, Suite 114 St. Augustine, Florida 32092
Submitted by:
Antonio J. Grau, Partner Grau & Associates
951 Yamato Road, Suite 280 Boca Raton, Florida 33431 Tel	(561) 994-9299
(800) 229-4728
Fax	(561) 994-5823
tgrau@graucpa.com www.graucpa.com

Table of Contents	Page
EXECUTIVE SUMMARY / TRANSMITTAL LETTER	1
FIRM QUALIFICATIONS	3
FIRM & STAFF EXPERIENCE	6
REFERENCES	11
SPECIFIC AUDIT APPROACH	13
COST OF SERVICES	17
SUPPLEMENTAL INFORMATION	19

June 3, 2024

Cordova Palms Community Development District c/o District Manager
475 West Town Place, Suite 114 St. Augustine, Florida 32092

Re:	Request for Proposal for Professional Auditing Services for the fiscal year ended September 30, 2024, with an option for four (4) additional annual renewals.

Grau & Associates (Grau) welcomes the opportunity to respond to the Cordova Palms Community Development District’s (the “District”) Request for Proposal (RFP), and we look forward to working with you on your audit. We are an energetic and robust team of knowledgeable professionals and are a recognized leader of providing services to Community Development Districts. As one of Florida’s few firms to primarily focus on government, we are especially equipped to provide you an effective and efficient audit.
Special district audits are at the core of our practice: we have a total of 360 clients, 329 or 91% of which are special districts. We know the specifics of the professional services and work products needed to meet your RFP requirements like no other firm. With this level of experience, we are able to increase efficiency, to provide immediate and continued savings, and to minimize disturbances to client operations.
Why Grau & Associates:
Knowledgeable Audit Team
Grau is proud that the personnel we assign to your audit are some of the most seasoned auditors in the field. Our staff performs governmental engagements year round. When not working on your audit, your team is refining their audit approach for next year’s audit. Our engagement partners have decades of experience and take a hands-on approach to our assignments, which all ensures a smoother process for you.
Servicing your Individual Needs
Our clients enjoy personalized service designed to satisfy their unique needs and requirements. Throughout the process of our audit, you will find that we welcome working with you to resolve any issues as swiftly and easily as possible. In addition, due to Grau’s very low turnover rate for our industry, you also won’t have to worry about retraining your auditors from year to year.

Developing Relationships
We strive to foster mutually beneficial relationships with our clients. We stay in touch year round, updating, collaborating and assisting you in implementing new legislation, rules and standards that affect your organization. We are also available as a sounding board and assist with technical questions.

Maintaining an Impeccable Reputation
We have never been involved in any litigation, proceeding or received any disciplinary action. Additionally, we have never been charged with, or convicted of, a public entity crime of any sort. We are financially stable and have never been involved in any bankruptcy proceedings.
Complying With Standards
Our audit will follow the Auditing Standards of the AICPA, Generally Accepted Government Auditing Standards, issued by the Comptroller General of the United States, and the Rules of the Auditor General of the State of Florida, and any other applicable federal, state and local regulations. We will deliver our reports in accordance with your requirements.
This proposal is a firm and irrevocable offer for 90 days. We certify this proposal is made without previous understanding, agreement or connection either with any previous firms or corporations offering a proposal for the same items. We also certify our proposal is in all respects fair, without outside control, collusion, fraud, or otherwise illegal action, and was prepared in good faith. Only the person(s), company or parties interested in the project as principals are named in the proposal. Grau has no existing or potential conflicts, and anticipates no conflicts during the engagement. Our Federal I.D. number is 20-2067322.
We would be happy to answer any questions or to provide any additional information. We are genuinely excited about the prospect of serving you and establishing a long-term relationship. Please do not hesitate to call or email either of our Partners, Antonio J. Grau, CPA (tgrau@graucpa.com) or David Caplivski, CPA (dcaplivski@graucpa.com) at 561.994.9299. We thank you for considering our firm’s qualifications and experience.

Very truly yours, Grau & Associates
Antonio J. Grau

Firm Qualifications

Grau’s Focus and Experience

3
Partners

11
Professional Staff

2
Administrative Professionals
9/14
Employees are CPAS

Year founded

Services Provided

297
Community Development Districts Served

Properly registered and
licensed professional corporation by the state of FLORIDA

We are proud Members of the American Institute of Certified Public Accountants
&
the Florida Institute of Certified Public Accountants

See next page for report and certificate
⇒ External quality review program: consistently receives a pass
⇒ Internal: ongoing monitoring to maintain
quality

AICPA | FICPA | GFOA | FASD | FGFOA
PA	♦-AICPA	Peer Review
Flo d IMllluteof mlf	Puollc Acc:ounranl

FICPA Peer Review Program
dmimslered m Florida
bv The Florida Ins lute of CPAs

AICPA Peer Review Program
Administered in Florida by the Florida Institute of CPAs

March 17, 2023

Antonio Grau Grau & Associates
951 Yamato Rd Ste 280 Boca Raton, FL 33431-1809

Dear Antonio Grau:

It is my pleasure to notify you that on March 16, 2023, the Florida Peer Review Committee accepted the report on the most recent System Review of your firm. The due date for your next review is December 31, 2025. This is the date by which all review documents should be completed and submitted to the administering entity.

As you know, the report had a peer review rating of pass. The Committee asked me to convey its congratulations to the firm.

Thank you for your cooperation. Sincerely,

Peer Review Team
FICPA Peer Review Committee 850.224.2727, x5957
cc: Daniel Hevia, Racquel McIntosh

Firm Number: 900004390114	Review Number: 594791

1.19 S Monroe Stteet, Suite 121 I Tallahassee, Fl 323011850.Zl  ,2727, in Florida I www.litpa.org

Firm & Staff Experience

Profile Briefs:
Antonio J GRAU, CPA (Partner)
Years Performing Audits: 35+
CPE (last 2 years): Government Accounting, Auditing: 32 hours; Accounting, Auditing and Other: 58 hours
Professional Memberships: AICPA, FICPA, FGFOA, GFOA

David Caplivski, CPA (Partner)
Years Performing Audits: 13+
CPE (last 2 years): Government Accounting, Auditing: 48 hours; Accounting, Auditing and Other: 33 hours
Professional Memberships: AICPA, FICPA, FGFOA, FASD

YOUR ENGAGEMENT TEAM

Grau’s client-specific engagement team is meticulously organized in order to meet the unique needs of each client. Constant communication within our solution team allows for continuity of staff and audit team.

The Certified Information Technology Professional (CITP) Partner will bring a unique blend of IT expertise and understanding of accounting principles to the financial statement audit of the District.

Advisory Consultant
An advisory consultant will be available as a sounding board to advise in those areas where problems are encountered.

CITP Partner

Your Successful Audit
Engagement Partner

Audit Senior
Audit Manager

The assigned personnel will work closely with the partner and the District to ensure that the financial statements and all other reports are prepared in accordance with professional standards and firm policy.
Responsibilities will include planning the audit; communicating with the client and the partners the progress of the audit; and
determining that financial statements and all reports issued by the firm are accurate, complete and are prepared in accordance with professional standards and firm policy.
The Engagement Partner will participate extensively during the various stages of the engagement and has direct responsibility for engagement policy, direction, supervision, quality control, security, confidentiality of information of the engagement and communication with client personnel. The engagement partner will also be involved directing the development of the overall audit approach and plan; performing an overriding review of work papers and ascertain client satisfaction.
Antonio ‘Tony ‘ J. Grau, CPA
Partner
Contact: tgrau@graucpa.com | (561) 939-6672
Experience
For over 30 years, Tony has been providing audit, accounting and consulting services to the firm’s governmental, non-profit, employee benefit, overhead and arbitrage clients. He provides guidance to clients regarding complex accounting issues, internal controls and operations.
As a member of the Government Finance Officers Association Special Review Committee, Tony participated in the review process for awarding the GFOA Certificate of Achievement in Financial Reporting. Tony was also the review team leader for the Quality Review of the Office of Management Audits of School Board of Miami-Dade County. Tony received the AICPA advanced level certificate for governmental single audits.
Education
University of South Florida (1983) Bachelor of Arts
Business Administration

Clients Served (partial list)
(>300) Various Special Districts, including:

Bayside Improvement Community Development District Dunes Community Development District
Fishhawk Community Development District (I,II,IV) Grand Bay at Doral Community Development District Heritage Harbor North Community Development District

Boca Raton Airport Authority Greater Naples Fire Rescue District
Key Largo Wastewater Treatment District Lake Worth Drainage District
South Indian River Water Control

Professional Associations/Memberships
St. Lucie West Services District
Ave Maria Stewardship Community District Rivers Edge II Community Development District Bartram Park Community Development District
Bay Laurel Center Community Development District
American Institute of Certified Public Accountants Florida Government Finance Officers Association Florida Institute of Certified Public Accountants Government Finance Officers Association Member City of Boca Raton Financial Advisory Board Member

Professional Education (over the last two years)
Course	Hours
Government Accounting and Auditing	32
Accounting, Auditing and Other	58
Total Hours	90 (includes of 4 hours of Ethics CPE)
David Caplivski, CPA/CITP, Partner
Contact : dcaplivski@graucpa.com / 561-939-6676
Experience
Grau & Associates	Partner	2021-Present	
Grau & Associates	Manager	2014-2020	
Grau & Associates	Senior Auditor	2013-2014	
Grau & Associates	Staff Auditor	2010-2013	

Education
Florida Atlantic University (2009) Master of Accounting
Nova Southeastern University (2002) Bachelor of Science
Environmental Studies

Certifications and Certificates
Certified Public Accountant (2011)
AICPA Certified Information Technology Professional (2018) AICPA Accreditation COSO Internal Control Certificate (2022)

Clients Served (partial list)
(>300) Various Special Districts	Hispanic Human Resource Council
Aid to Victims of Domestic Abuse	Loxahatchee Groves Water Control District
Boca Raton Airport Authority	Old Plantation Water Control District
Broward Education Foundation	Pinetree Water Control District
CareerSource Brevard	San Carlos Park Fire & Rescue Retirement Plan CareerSource Central Florida 403 (b) Plan	South Indian River Water Control District
City of Lauderhill GERS	South Trail Fire Protection & Rescue District
City of Parkland Police Pension Fund	Town of Haverhill
City of Sunrise GERS	Town of Hypoluxo
Coquina Water Control District	Town of Hillsboro Beach
Central County Water Control District	Town of Lantana
City of Miami (program specific audits)	Town of Lauderdale By-The–Sea Volunteer Fire Pension City of West Park	Town of Pembroke Park
Coquina Water Control District	Village of Wellington East Central Regional Wastewater Treatment Facl.	Village of Golf
East Naples Fire Control & Rescue District

Professional Education (over the last two years)
Course	Hours
Government Accounting and Auditing	48
Accounting, Auditing and Other	33
Total Hours	81 (includes 4 hours of Ethics CPE)
Professional Associations
Member, American Institute of Certified Public Accountants Member, Florida Institute of Certified Public Accountants Member, Florida Government Finance Officers Association Member, Florida Association of Special Districts

References

We have included three references of government engagements that require compliance with laws and regulations, follow fund accounting, and have financing requirements, which we believe are similar to the District.

 Dunes Community Development District	
Scope of Work	Financial audit Engagement Partner	Antonio J. Grau Dates	Annually since 1998
Client Contact	Darrin Mossing, Finance Director 475 W. Town Place, Suite 114
St. Augustine, Florida 32092
	904-940-5850	

 Two Creeks Community Development District	
Scope of Work	Financial audit Engagement Partner	Antonio J. Grau Dates	Annually since 2007
Client Contact	William Rizzetta, President 3434 Colwell Avenue, Suite 200
Tampa, Florida 33614
	813-933-5571	

 Journey’s End Community Development District	
Scope of Work	Financial audit Engagement Partner	Antonio J. Grau Dates	Annually since 2004
Client Contact	Todd Wodraska, Vice President
2501 A Burns Road
Palm Beach Gardens, Florida 33410
	561-630-4922	

Specific Audit Approach

AUDIT APPROACH
Grau’s Understanding of Work Product / Scope of Services:
We recognize the District is an important entity and we are confident our firm is eminently qualified to meet the challenges of this engagement and deliver quality audit services. You would be a valued client of our firm and we pledge to commit all firm resources to provide the level and quality of services (as described below) which not only meet the requirements set forth in the RFP but will exceed those expectations. Grau & Associates fully understands the scope of professional services and work products requested. Our audit will follow the Auditing Standards of the AICPA, Generally Accepted Government Auditing Standards, issued by the Comptroller General of the United States, and the Rules of the Auditor General of the State of Florida and any other applicable Federal, State of Local regulations. We will deliver our reports in accordance with your requirements.

Proposed segmentation of the engagement
Our approach to the audit engagement is a risk-based approach which integrates the best of traditional auditing techniques and a total systems concept to enable the team to conduct a more efficient and effective audit. The audit will be conducted in three phases, which are as follows:

PHASE I:
Preliminary Planning
PHASE II:
Execution of the Audit Plan
PHASE III:
Completion and Delivery

Phase I - Preliminary Planning
A thorough understanding of your organization, service objectives and operating environment is essential for the development of an audit plan and for an efficient, cost-effective audit. During this phase, we will meet with appropriate personnel to obtain and document our understanding of your operations and service objectives and, at the same time, give you the opportunity to express your expectations with respect to the services that we will provide. Our work effort will be coordinated so that there will be minimal disruption to your staff.
During this phase we will perform the following activities:
» Review the regulatory, statutory and compliance requirements. This will include a review of applicable federal and state statutes, resolutions, bond documents, contracts, and other agreements;
» Read minutes of meetings;
» Review major sources of information such as budgets, organization charts, procedures, manuals, financial systems, and management information systems;
» Obtain an understanding of fraud detection and prevention systems;
» Obtain and document an understanding of internal control, including knowledge about the design of relevant policies, procedures, and records, and whether they have been placed in operation;
» Assess risk and determine what controls we are to rely upon and what tests we are going to perform and perform test of controls;
» Develop audit programs to incorporate the consideration of financial statement assertions, specific audit objectives, and appropriate audit procedures to achieve the specified objectives;
» Discuss and resolve any accounting, auditing and reporting matters which have been identified.
Phase II – Execution of Audit Plan
The audit team will complete a major portion of transaction testing and audit requirements during this phase. The procedures performed during this period will enable us to identify any matter that may impact the completion of our work or require the attention of management. Tasks to be performed in Phase II include, but are not limited to the following:
» Apply analytical procedures to further assist in the determination of the nature, timing, and extent of auditing procedures used to obtain evidential matter for specific account balances or classes of transactions;
» Perform tests of account balances and transactions through sampling, vouching, confirmation and other analytical procedures; and
» Perform tests of compliance.
Phase III - Completion and Delivery

In this phase of the audit, we will complete the tasks related to year-end balances and financial reporting. All reports will be reviewed with management before issuance, and the partners will be available to meet and discuss our report and address any questions. Tasks to be performed in Phase III include, but are not limited to the following:

» Perform final analytical procedures;
» Review information and make inquiries for subsequent events; and
» Meeting with Management to discuss preparation of draft financial statements and any potential findings or recommendations.

You should expect more from your accounting firm than a signature in your annual financial report. Our concept of truly responsive professional service emphasizes taking an active interest in the issues of concern to our clients and serving as an effective resource in dealing with those issues. In following this approach, we not only audit financial information with hindsight but also consider the foresight you apply in managing operations.

Application of this approach in developing our management letter is particularly important given the increasing financial pressures and public scrutiny facing today’s public officials. We will prepare the management letter at the completion of our final procedures.
In preparing this management letter, we will initially review any draft comments or recommendations with management. In addition, we will take necessary steps to ensure that matters are communicated to those charged with governance.
In addition to communicating any recommendations, we will also communicate the following, if any:

» Significant audit adjustments;
» Significant deficiencies or material weaknesses;
» Disagreements with management; and
» Difficulties encountered in performing the audit.
Our findings will contain a statement of condition describing the situation and the area that needs strengthening, what should be corrected and why. Our suggestions will withstand the basic tests of corrective action:

To assure full agreement with facts and circumstances, we will fully discuss each item with Management prior to the final exit conference. This policy means there will be no “surprises” in the management letter and fosters a professional, cooperative atmosphere.

Communications
We emphasize a continuous, year-round dialogue between the District and our management team. We regularly communicate through personal telephone calls and electronic mail throughout the audit and on a regular basis.
Our clients have the ability to transmit information to us on our secure client portal with the ability to assign different staff with separate log on and viewing capability. This further facilitates efficiency as all assigned users receive electronic mail notification as soon as new information has been posted into the portal.

Cost of Services

Our proposed all-inclusive fees for the financial audit for the fiscal years ended September 30, 2024-2028 are as follows:

  Year Ended September 30,			Fee		
2024	$4,800	
2025	$4,900	
2026	$5,000	
2027	$5,100	
2028	$5,200	
TOTAL (2024-2028)	$25,000	

The above fees are based on the assumption that the District maintains its current level of operations. Should conditions change or Bonds are issued the fees would be adjusted accordingly upon approval from all parties concerned.

Supplemental Information

	Governmental Audit	Single Audit	Utility Audit	
Current Client	
Year End	
Boca Raton Airport Authority					9/30	
Captain's Key Dependent District					9/30	
Central Broward Water Control District					9/30	
Collier Mosquito Control District					9/30	
Coquina Water Control District					9/30	
East Central Regional Wastewater Treatment Facility					9/30	
Florida Green Finance Authority					9/30	
Greater Boca Raton Beach and Park District					9/30	
Greater Naples Fire Control and Rescue District					9/30	
Green Corridor P.A.C.E. District					9/30	
Hobe-St. Lucie Conservancy District					9/30	
Indian River Mosquito Control District					9/30	
Indian Trail Improvement District					9/30	
Key Largo Wastewater Treatment District					9/30	
Lake Padgett Estates Independent District					9/30	
Lake Worth Drainage District					9/30	
Lealman Special Fire Control District					9/30	
Loxahatchee Groves Water Control District					9/30	
Old Plantation Control District					9/30	
Pal Mar Water Control District					9/30	
Pinellas Park Water Management District					9/30	
Pine Tree Water Control District (Broward)					9/30	
Pinetree Water Control District (Wellington)					9/30	
Ranger Drainage District					9/30	
Renaissance Improvement District					9/30	
San Carlos Park Fire Protection and Rescue Service District					9/30	
Sanibel Fire and Rescue District					9/30	
South Central Regional Wastewater Treatment and Disposal Board					9/30	
South-Dade Venture Development District					9/30	
South Indian River Water Control District					9/30	
South Trail Fire Protection & Rescue District					9/30	
Spring Lake Improvement District					9/30	
St. Lucie West Services District					9/30	
Sunshine Water Control District					9/30	
West Villages Improvement District					9/30	
Various Community Development Districts (297)					9/30	
TOTAL	333	5	3	328		

CONSULTING / MANAGEMENT ADVISORY SERVICES
Grau & Associates also provide a broad range of other management consulting services. Our expertise has been consistently utilized by Governmental and Non-Profit entities throughout Florida. Examples of engagements performed are as follows:

Accounting systems
Development of budgets
Organizational structures
Financing alternatives
IT Auditing	Fixed asset records
Cost reimbursement
Indirect cost allocation
Grant administration and compliance	

ARBITRAGE

The federal government has imposed complex rules to restrict the use of tax-exempt financing. Their principal purpose is to eliminate any significant arbitrage incentives in a tax-exempt issue. We have determined the applicability of these requirements and performed the rebate calculations for more than 150 bond issues, including both fixed and variable rate bonds.

Current Arbitrage Calculations

We look forward to providing Cordova Palms Community Development District with our resources and experience to accomplish not only those minimum requirements set forth in your Request for Proposal, but to exceed those expectations!

For even more information on Grau & Associates please visit us on www.graucpa.com.

THIRD ORDER OF BUSINESS

D.
RESOLUTION 2024-03

A RESOLUTION OF THE BOARD OF SUPERVISORS OF CORDOVA PALMS COMMUNITY DEVELOPMENT DISTRICT DESIGNATING THE OFFICERS OF THE DISTRICT, AND PROVIDING FOR AN EFFECTIVE DATE.
Whereas, Cordova Palms Community Development District (the “District”) is a local unit of special-purpose government created and existing pursuant to Chapter 190, Florida Statutes, being situated entirely within St. Johns, Florida; and

Whereas, the Board of Supervisors of the District desires to designate the Officers of the District.
Now, therefore, be it resolved by the Board of Supervisors of Cordova Palms Community Development District:

Section 1.		 is appointed Chairman.

Section 2.		 is appointed Vice Chairman.

Section 3.		 is appointed Secretary and Treasurer.

	 is appointed Assistant Secretary.
	 is appointed Assistant Secretary.
	 is appointed Assistant Secretary.
	 is appointed Assistant Treasurer.
	 is appointed Assistant Secretary.
Section 4.	This Resolution shall become effective immediately upon its adoption.

PASSED AND ADOPTED THIS 10TH DAY OF JULY, 2024.

ATTEST	CORDOVA PALMS COMMUNITY DEVELOPMENT DISTRICT

Secretary/Assistant Secretary	Chairman/Vice Chairman

FOURTH ORDER OF BUSINESS

A.
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 8, 2024 at 1:04 p.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:

Chad Sigmon	Chairman
Thomas Spiess	Supervisor
James Shonkwiler	Supervisor Also present were:
Daniel Laughlin	District Manager
Wes Haber	District Counsel
Scott Wild by phone	District Engineer
Daniel Foley	Dream Finders Homes

The following is a summary of the discussions and actions taken at the May 8, 2024 meeting.

FIRST ORDER OF BUSINESS	Roll Call
Mr. Laughlin called the meeting to order at 1:04 p.m.

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

THIRD ORDER OF BUSINESS	Approval of Minutes of the March 20, 2024
Meeting
There were no comments on the minutes.

FOURTH ORDER OF BUSINESS	Acceptance	of	the	Audit	Committee’s
Recommendation and Authorizing Staff to Issue an RFP for Audit Services

FIFTH ORDER OF BUSINESS	Acceptance of the Draft Fiscal Year 2023
Audit Report
Mr. Laughlin informed the Board there were no findings or recommendations to report.

SIXTH ORDER OF BUSINESS	Consideration of Proposal for Field
Operations and Maintenance Services
Mr. Laughlin presented a proposal for field operations and maintenance services for the time being until the amenity center opens and further services are needed. The proposed fee is
$18,000 per year for weekly site visits.

SEVENTH ORDER OF BUSINESS	Consideration of Proposal for Dog Waste
Removal Services
Mr. Laughlin stated that the District is received a lot of complaints regarding dog waste and BrightView will no longer be providing the removal service. A proposal was presented from Doody Daddy for weekly removal service for a fee of $120 per month.

EIGHTH ORDER OF BUSINESS	Discussion of the Fiscal Year 2025 Budget
Mr. Laughlin reminded the Board the fiscal year 2025 budget will be approved at the next meeting and asked that they consider any new services that need to be included in the budget. Currently, there is a $60 increase in assessments included in the budget.

Mr. Sigmon asked if a budget workshop can be scheduled to capture everything needed. Mr. Laughlin stated that he will work with staff on scheduling the workshop.
Mr. Haber noted a mailed notice will be sent to all property owners if the assessments are increasing, which may require a larger meeting space for the public hearing.

NINTH ORDER OF BUSINESS	Consideration of Request for Little Free
Library
Mr. Laughlin explained that a Little Free Library is a small box from which people can leave or take books. The person submitting the request for installation would be responsible for the construction and maintenance of the box.
Mr. Haber stated that he could put together an agreement.
Mr. Spiess suggested installing the box next to the mail kiosk.

TENTH ORDER OF BUSINESS	Staff Reports
District Counsel
Mr. Haber informed the Board that the fitness equipment lease is being finalized soon.

District Engineer – Approval of Requisition Summary
Mr. Wild presented the requisition summary including numbers 70 and 71 totaling
$25,691.90.

District Manager – Report on the Number of Registered Voters (184)
Mr. Laughlin informed the Board there are 184 registered voters reported to be residing within the District’s boundaries.

ELEVENTH ORDER OF BUSINESS	Financial Reports
Financial Statements as of March 31, 2024

Copies of the financial statements were included in the agenda package for the board’s
review.

Check Registers
Copies of the check registers totaling $373,938.45 for March and $18,974.15 for April were included in the agenda package for the Board’s review. Mr. Laughlin noted the March check register includes payments for the bonds.

Ratification of Construction Funding Request No. 11
A copy of construction funding request number eleven totaling $373,938.45 was included in the agenda package.

Consideration of Construction Funding Request No. 12
A copy of construction funding request number twelve totaling $18,974.15 was included in the agenda package for the Board’s review.

TWELFTH ORDER OF BUSINESS	Supervisor	Requests	and	Audience
Comments
Mr. Sigmon asked if a mulch proposal is in progress.
Mr. Foley responded that the landscape contractor asked for a map of the mulch beds.
Mr. Laughlin stated that when GMS’s field operations manager is onsite, he can put together something.

Mr. Foley stated that he would follow up with the landscape company on the mulch progress. He also informed the Board that the fountain is in the process of being repaired.
Mr. Shonkwiler asked about the process for obtaining key fobs for amenity center
access.
Mr. Foley stated that the amenity contractor will work with the landowners to
determine how many are needed.
The Board and staff discussed various policies and procedures that could be implemented for issuing and keeping track of the access fobs.
THIRTEENTH ORDER OF BUSINESS	Next Scheduled Meeting – June 12, 2024 at
1:00 p.m. at the offices of Governmental Management Services, LLC, 475 West Town Place, Suite 114, St. Augustine, Florida 32092
FOURTEENTH ORDER OF BUSINESS	Adjournment

Secretary/Assistant Secretary	Chairman/Vice Chairman

B.
MINUTES OF MEETING
CORDOVA PALMS COMMUNITY DEVELOPMENT DISTRICT

An Audit Committee meeting of the Cordova Palms Community Development District was held Wednesday, May 8, 2024 at 1:00 p.m. at the offices of Governmental Management Services, 475 West Town Place, Suite 114, St. Augustine, Florida 32092.

Audit Committee Members Present were:

Chad Sigmon Thomas Spiess James Shonkwiler

Also present were:

Daniel Laughlin	District Manager
Wes Haber	District Counsel

The following is a summary of the discussions and actions taken at the May 8, 2024 meeting.

FIRST ORDER OF BUSINESS	Call to Order
Mr. Laughlin called the meeting to order at 1:00 p.m.

SECOND ORDER OF BUSINESS	Approval of Auditor Selection Evaluation
Criteria
Mr. Laughlin presented proposed criteria including ability of personnel, proposer’s experience, understanding of scope of work, ability to furnish the required services, and price, all weighted equally at 20 points.

THIRD ORDER OF BUSINESS	Other Business
There being none, the next item followed.

FOURTH ORDER OF BUSINESS	Adjournment
May 8, 2024 Audit Committee Meeting	Cordova Palms CDD

2

SIXTH ORDER OF BUSINESS

FIRST AMENDMENT TO THE AGREEMENT BETWEEN CORDOVA PALMS COMMUNITY DEVELOPMENT DISTRICT AND FLORIDA WATERWAYS, INC. FOR POND MANAGEMENT SERVICES
This Agreement (“Agreement”) is made and entered into this  28th  day of  May	, 2024 (“Effective Date”), by and between:

Cordova Palms Community Development District, a local unit of special- purpose government established pursuant to Chapter 190, Florida Statutes, being situated in St. Johns County, Florida, and whose mailing address is 475 West Town Place, Suite 114, St. Augustine, Florida 32092 (“District”); and
Florida Waterways, Inc., a Florida corporation, with a mailing address of 3832-010 Baymeadows Road, PMB 379, Jacksonville, Florida 32217 ("Contractor", together with District, “Parties”).

RECITALS

Whereas, on November 1, 2023, the District and the Contractor entered into an agreement for pond maintenance services (the “Services Agreement”); and

Whereas, pursuant to Section 21 of the Services Agreement, the Parties desire to amend the Services Agreement as set forth in more detail in Section 2 below; and

Whereas, any terms not otherwise defined herein shall have the meaning set forth in the Services Agreement; and

Whereas, each of the Parties hereto has the authority to execute this First Amendment and to perform its obligations and duties hereunder, and each Party has satisfied all conditions precedent to the execution of this First Amendment so that this First 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 are hereby acknowledged, the District and the Contractor agree as follows:

SECTION 1.  The Services Agreement is hereby affirmed and the Parties hereto agree that it continues to constitute a valid and binding agreement between the Parties. Except as described in Section 2 of this First Amendment, nothing herein shall modify the rights and obligations of the Parties under the Services Agreement. All of the remaining provisions remain in full effect and fully enforceable.

Section 2.

The Services Agreement is hereby amended to reflect the updated scope of

services pursuant to Contractor’s proposal for additional services, dated May 20, 2024, for maintenance of additional areas adding Ponds 6 and 7, which proposal is attached hereto as Exhibit A.

Compensation for the additional services shall be amended in accordance with Exhibit A. Such payment shall be due and payable in accordance with the terms of the Services Agreement, as amended.
SECTION 3.  To the extent that any terms or conditions found in Exhibit A conflict with the terms of the Services Agreement or this Amendment, the Services Agreement and this Amendment control and shall prevail.
SECTION 4.  All other terms of the Services Agreement shall remain in full force and effect and are hereby ratified.

In Witness Whereof, the Parties hereto have signed this First Amendment to the Services Agreement on the day and year first written above.

CORDOVA PALMS COMMUNITY DEVELOPMENT DISTRICT

Chairman, Board of Supervisors

FLORIDA WATERWAYS, INC.

By:  Jim Schwartz	
Its:
President

Exhibit A: Proposal for Additional Pond Maintenance

Exhibit A

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SEVENTH ORDER OF BUSINESS
RESOLUTION 2024-04

[FY 2025 BUDGET APPROVAL RESOLUTION]

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE CORDOVA PALMS COMMUNITY DEVELOPMENT DISTRICT APPROVING PROPOSED BUDGET(S) FOR FY 2025; SETTING A PUBLIC HEARING THEREON AND DIRECTING PUBLICATION; ADDRESSING TRANSMITTAL AND POSTING REQUIREMENTS; ADDRESSING SEVERABILITY AND EFFECTIVE DATE.
WHEREAS, for the fiscal year beginning October 1, 2024, and ending September 30, 2025 (“FY 2025”), the District Manager prepared and submitted to the Board of Supervisors (“Board”) of the Cordova Palms Community Development District (“District”) prior to June 15, 2024, the proposed budget(s) attached hereto as Exhibit A (“Proposed Budget”); and

WHEREAS, the Board now desires to set the required public hearing on the Proposed Budget.

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

PROPOSED BUDGET APPROVED. The Proposed Budget attached hereto as Exhibit A is hereby approved preliminarily.

SETTING A PUBLIC HEARING; DIRECTING PUBLICATION.	A public hearing on said
approved Proposed Budget is hereby declared and set for the following date, time, and location, and District staff is directed to provide notice of the same in accordance with Florida law:

DATE & TIME: September 11, 2024 at 1:00 pm LOCATION:	Governmental Management Services
475 West Town Place, Suite 114, St. Augustine, Florida 32092

TRANSMITTAL TO LOCAL GENERAL PURPOSE GOVERNMENT; POSTING OF PROPOSED
BUDGET. The District Manager is hereby directed to (i) submit a copy of the Proposed Budget to the applicable local general-purpose government(s) at least 60 days prior to its adoption, and (ii) post the approved Proposed Budget on the District’s website in accordance with Section 189.016, Florida Statutes.

SEVERABILITY; EFFECTIVE DATE. 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. This Resolution shall take effect immediately upon adoption.

PASSED AND ADOPTED THIS 10th DAY OF JULY, 2024.

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
FY2025

Presented by:

Table of Contents

1		General Fund

2-4		Narratives

5-6		Debt Service Fund Series 2021

7-8		Debt Service Fund Series 2022-1

9-10		Debt Service Fund Series 2022-2

11		Assessment Schedule
Proposed Budget General Fund

Description	FY2024	4/30/24	  5 Months		9/30/24	FY 2025	
REVENUES:						
Special Assessments	$	333,018	$	292,671	$	40,343	$	333,014	$	521,826	
Interest income	-	1,385	900	2,285	-	
TOTAL REVENUES	$  333,018	$  294,056	$	41,243	$  335,300	$  521,826	

EXPENDITURES:						
Administrative						
Supervisors Fees	$	12,000	$	-	$	5,000	$	5,000	$	6,000	
FICA Expense	918	-	383	383	459	
Engineering	11,600	5,289	5,711	11,000	11,000	
Arbitrage	1,800	-	1,800	1,800	1,800	
Attorney	25,000	3,419	11,582	15,000	20,000	
Annual Audit	7,400	2,500	4,900	7,400	7,500	
Assessment Roll Administration	5,300	5,300	-	5,300	5,618	
Trustee Fees	12,500	10,833	1,667	12,500	12,500	
Dissemination Agent	7,950	6,238	1,713	7,950	8,427	
Management Fees	50,085	29,216	20,869	50,085	53,090	
Website Maintenance	1,590	928	663	1,590	1,685	
Information Technology	2,385	1,391	994	2,385	2,528	
Telephone	500	38	462	500	500	
Postage & Delivery	1,500	594	906	1,500	1,500	
Insurance General Liability	5,913	5,590	-	5,590	6,149	
Printing & Binding	1,500	75	425	500	500	
Legal Advertising	2,000	791	1,209	2,000	2,000	
Other Current Charges	600	-	300	300	300	
Office Supplies	500	1	149	150	150	
Dues, Licenses & Subscriptions	175	175	-	175	175	
TOTAL ADMINISTRATIVE	$  151,216	$	72,378	$	58,730	$  131,108	$  141,882	

Operations & Maintenance						
Grounds Maintenance						
Landscape - Maintenance	$	120,000	$	52,739	$	40,025	$	92,764	$	145,978	
Landscape - Contingency	5,000	17,700	5,000	22,700	27,700	
Mulch	-	-	-	-	22,766	
Operations Management	-	-	-	-	25,000	
Lake Maintenance	10,000	2,190	1,825	4,015	10,000	
Pool Maintenance	-	-	-	-	18,000	
Pool Chemicals	-	-	-	-	13,000	
Insurance	-	3,121	-	3,121	20,000	
Electric	3,000	23,089	18,600	41,689	50,000	
Water/Sewer/Irrigation	20,034	-	15,000	15,000	20,000	
Repairs & Maintenance	11,768	-	7,500	7,500	10,000	
Irrigation Repairs	10,000	6,332	6,500	12,832	13,000	
Pest Control	2,000	-	1,000	1,000	2,000	
Access Cards	-	-	-	-	2,500	
TOTAL GROUNDS MAINTENANCE	$  181,802	$  105,172	$	95,450	$  200,622	$  379,944	
						
TOTAL EXPENDITURES	$  333,018	$  177,549	$  154,180	$  331,729	$  521,826	

Other Sources/(Uses)						
Interlocal Transfer In/(Out)	$	-	$	-	$	-	$	-	$	-	
TOTAL OTHER SOURCES/(USES)	$	-	$	-	$	-	$	-	$	-	
						
EXCESS REVENUES (EXPENDITURES)	$	-	$  116,507	$  (112,936)	$	3,571	$	(0)	

Special Assessments - Tax Roll
The District will levy a Non-Ad Valorem assessment on all sold and platted parcels within the District in order to pay for the operating expenditures during the Fiscal Year. The assessments will be collected by the St. Johns County Tax Collectors Office.

Supervisors Fees
Chapter 190 of the Florida Statutes allows for members of the Board of Supervisors to be compensated
$200 per meeting in which they attend. The budgeted amount for the fiscal year is based on all supervisors attending 6 meetings.

FICA Taxes
Payroll taxes on Board of Supervisor’s compensation. The budgeted amount for the fiscal year is calculated at 7.65% of the total Board of Supervisor’s payroll expenditures.
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 Rebate
The District is required to annually have an arbitrage rebate calculation on the District’s Series 2021, 2022-1 and 2022-2 Special Assessment Revenue Bonds.
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 Roll Administration
GMS, LLC provides assessment services for closing lot sales, assessment roll services with the local Tax Collector and financial advisory services.
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, 2022-1, and 2022-2.
Dissemination Agent
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 for un-rated bond issues.
Management Fees
The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services, LLC. The budgeted amount for the fiscal year is based on the contracted fees 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
New internet and Wi-Fi service for Office.
Postage and Delivery
Actual postage and/or freight used for District mailings including agenda packages, vendor checks and other correspondence.

Insurance General Liability
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 and Binding
Copies used in the preparation of agenda packages, required mailings, and other special projects.
Legal Advertising
The District is required to advertise various notices for monthly Board meetings and other public hearings in a newspaper of general circulation.
Other Current Charges
This includes monthly bank charges and any other miscellaneous expenses that incur during the year.
Office Supplies
Supplies used in the preparation and binding of agenda packages, required mailings, and other special projects.
Due, Licenses & Subscriptions
The District is required to pay an annual fee to the Florida Department of Commerce for $175.

Landscape - Maintenance
The District has contracted with Brightview Landscaping Services to maintain the common areas of the District.
Landscape - Contingency
Estimated costs for other landscape maintenance incurred by the District.
Mulch
Represents estimated costs for mulch applications around common areas in the District.
Operations Management
The District is contracted with Governmental Management Services, LLC to provide onsite field management of contracts for District Services such as landscape and lake maintenance. Services to include weekly site inspections, meetings with contractors, monitoring of utility accounts, attend Board meetings and receive and respond to property owner phone calls and emails.

Vendor	Description	Monthly	Annual	
GMS, LLC	Management Fees	$	2,083  $	25,000	
Lake Maintenance
The District has contracted with Florida Waterways, Inc. for the maintenance of ponds on district property.
Pool Maintenance
The District has contracted with GMS, LLC for pool cleaning, water testing, treatment, checking chemicals and back washing of the
Pool Chemicals
Estimated costs for chemicals needed to maintain Amenity Center pool.
Insurance
The District has issued a Property Insurance policy with Florida Insurance Alliance. FIA specializes in providing insurance coverage to governmental agencies.
Electric
Clay County Electric provides for electric services for the District. District has the following meters:
Meter #	Location	Monthly	Annual	
8188230067	77 Cordova Palms Prkw	$	600	$	7,200	
6277411382	327 Onate Cir # Pump	300	3,600	
4378731287	100 Cordova Palms Prkw #SL	2,800	33,600	
5046858500	30 Bermudez Way #Park	150	1,800	
	Contingency	317	3,800	
	Total	$	4,167	$	50,000	
Water/Sewer/Irrigation
Estimated costs for irrigation by the district for water, sewer and irrigation.
Repairs & Maintenance
Any costs related to miscellaneous repairs and maintenance that occur during the fiscal year.
Irrigation Repairs
Estimated cost of miscellaneous irrigation repairs and maintenance incurred.

Pest Control
Estimated costs for pest control service incurred by the District.
Access Cards
Represents the estimated cost for access cards to the District’s Amenity Center.
Proposed Budget
Debt Service Series 2021 Special Assessment Bonds

REVENUES:

Special Assessments	$	438,700	$	363,462	$	45,366	$	408,828	$	392,490	
Prepayments	-	654,240	-	654,240	-	
Interest Earnings	2,000	23,098	5,000	28,098	5,000	
Carry Forward Surplus (1)	176,375	897,005	-	897,005	191,316	
TOTAL REVENUES	$	617,074	$ 1,937,804	$	50,366	$  1,988,171	$	588,806	

EXPENDITURES:						
Interest - 11/1	$	134,100	$	134,100	$	-	$	134,100	$	110,895	
Principal Expense Prepayment - 11/1	-	645,000	-	645,000	-	
Interest - 5/1	134,100	-	112,755	112,755	110,895	
Principal - 5/1	170,000	-	155,000	155,000	145,000	
Principal Expense Prepayment - 5/1	-	-	595,000	595,000	-	
Principal Expense Prepayment - 8/1	-	-	155,000	155,000	-	
TOTAL EXPENDITURES	$	438,200	$	779,100	$ 1,017,755	$  1,796,855	$	366,790	

Other Sources/(Uses)						

Interfund transfer In/(Out)	
$	-	
$	-	
$	-	
$	-	
$	-	
TOTAL OTHER SOURCES/(USES)	$	-	$	-	$	-	$	-	$	-	

(1) Carry Forward is Net of Reserve Requirement
Interest Due 11/1/25
 $	109,155 
AMORTIZATION SCHEDULE
Debt Service Series 2021 Special Assessment Bonds

11/01/24	$	6,420,000	2.400%		$	110,895	$	110,895		
05/01/25	6,420,000	2.400%	145,000	110,895			
11/01/25	6,275,000	2.400%		109,155	365,050		
05/01/26	6,275,000	2.400%	150,000	109,155			
11/01/26	6,125,000	2.400%		107,355	366,510		
05/01/27	6,125,000	2.800%	155,000	107,355			
11/01/27	5,970,000	2.800%		105,185	367,540		
05/01/28	5,970,000	2.800%	160,000	105,185			
11/01/28	5,810,000	2.800%		102,945	368,130		
05/01/29	5,810,000	2.800%	165,000	102,945			
11/01/29	5,645,000	2.800%		100,635	368,580		
05/01/30	5,645,000	2.800%	170,000	100,635			
11/01/30	5,475,000	2.800%		98,255	368,890		
05/01/31	5,475,000	2.800%	170,000	98,255			
11/01/31	5,305,000	2.800%		95,875	364,130		
05/01/32	5,305,000	3.000%	175,000	95,875			
11/01/32	5,130,000	3.000%		93,250	364,125		
05/01/33	5,130,000	3.000%	185,000	93,250			
11/01/33	4,945,000	3.000%		90,475	368,725		
05/01/34	4,945,000	3.000%	190,000	90,475			
11/01/34	4,755,000	3.000%		87,625	368,100		
05/01/35	4,755,000	3.000%	195,000	87,625			
11/01/35	4,560,000	3.000%		84,700	367,325		
05/01/36	4,560,000	3.000%	200,000	84,700			
11/01/36	4,360,000	3.000%		81,700	366,400		
05/01/37	4,360,000	3.000%	205,000	81,700			
11/01/37	4,155,000	3.000%		78,625	365,325		
05/01/38	4,155,000	3.000%	215,000	78,625			
11/01/38	3,940,000	3.000%		75,400	369,025		
05/01/39	3,940,000	3.000%	220,000	75,400			
11/01/39	3,720,000	3.000%		72,100	367,500		
05/01/40	3,720,000	3.000%	225,000	72,100			
11/01/40	3,495,000	3.000%		68,725	365,825		
05/01/41	3,495,000	3.000%	235,000	68,725			
11/01/41	3,260,000	3.000%		65,200	368,925		
05/01/42	3,260,000	4.000%	240,000	65,200			
11/01/42	3,020,000	4.000%		60,400	365,600		
05/01/43	3,020,000	4.000%	250,000	60,400			
11/01/43	2,770,000	4.000%		55,400	365,800		
05/01/44	2,770,000	4.000%	260,000	55,400			
11/01/44	2,510,000	4.000%		50,200	365,600		
05/01/45	2,510,000	4.000%	270,000	50,200			
11/01/45	2,240,000	4.000%		44,800	365,000		
05/01/46	2,240,000	4.000%	285,000	44,800			
11/01/46	1,955,000	4.000%		39,100	368,900		
05/01/47	1,955,000	4.000%	295,000	39,100			
11/01/47	1,660,000	4.000%		33,200	367,300		
05/01/48	1,660,000	4.000%	305,000	33,200			
11/01/48	1,355,000	4.000%		27,100	365,300		
05/01/49	1,355,000	4.000%	320,000	27,100			
11/01/49	1,035,000	4.000%		20,700	367,800		
05/01/50	1,035,000	4.000%	330,000	20,700			
11/01/50	705,000	4.000%		14,100	364,800		
05/01/51	705,000	4.000%	345,000	14,100			
11/01/51	360,000	4.000%		7,200	366,300		
05/01/52	360,000	4.000%	360,000	7,200	367,200		
Total	$	6,420,000	$	3,960,600	$	10,380,600	
Proposed Budget
Debt Service Series 2022-1 Special Assessment Bonds

REVENUES:

Special Assessments	$	165,000	$	138,849	$	15,149	$	153,998	$	140,188	
Prepayments	-	189,932	-	189,932	-	
Interest Earnings	2,000	8,214	3,500	11,714	5,000	
Carry Forward Surplus (1)	79,583	288,773	-	288,773	129,605	
TOTAL REVENUES	$	246,583	$	625,767	$	18,649	$	644,416	$	274,793		

EXPENDITURES:						
Interest - 11/1	$	65,898	$	65,898	$	-	$	65,898	$	55,218	
Principal Expense Prepayment - 11/1	-	185,000	-	185,000	-	
Interest - 5/1	65,898	-	59,898	59,898	55,218	
Principal - 5/1	30,000	-	30,000	30,000	30,000	
Principal Expense Prepayment - 5/1	-	-	165,000	165,000	-	
TOTAL EXPENDITURES	$	161,795	$	250,898	$	254,898	$	505,795	$	140,435	

Other Sources/(Uses)						

Interfund transfer In/(Out)	
$	-	
$	(9,016)	
$	-	
$	(9,016)	
$	-	
TOTAL OTHER SOURCES/(USES)	$	-	$	(9,016)	$	-	$	(9,016)	$	-	
						
TOTAL EXPENDITURES	$	161,795	$	259,913	$	254,898	$	514,811	$	140,435	
						
EXCESS REVENUES (EXPENDITURES)	$	84,788	$	365,854	$  (236,249)	$	129,605	$	134,358	

(1) Carry Forward is Net of Reserve Requirement
Interest Due 11/1/25
 $	54,498 
AMORTIZATION SCHEDULE
Debt Service Series 2021 Special Assessment Bonds

11/01/24	$	1,945,000			$	55,218	$	55,218		
05/01/25	1,945,000	4.800%	30,000	55,218			
11/01/25	1,915,000			54,498	139,715		
05/01/26	1,915,000	4.800%	30,000	54,498			
11/01/26	1,885,000			53,778	138,275		
05/01/27	1,885,000	4.800%	30,000	53,778			
11/01/27	1,855,000			53,058	136,835		
05/01/28	1,855,000	5.300%	35,000	53,058			
11/01/28	1,820,000			52,130	140,188		
05/01/29	1,820,000	5.300%	35,000	52,130			
11/01/29	1,785,000			51,203	138,333		
05/01/30	1,785,000	5.300%	35,000	51,203			
11/01/30	1,750,000			50,275	136,478		
05/01/31	1,750,000	5.300%	40,000	50,275			
11/01/31	1,710,000			49,215	139,490		
05/01/32	1,710,000	5.300%	40,000	49,215			
11/01/32	1,670,000			48,155	137,370		
05/01/33	1,670,000	5.700%	40,000	48,155			
11/01/33	1,630,000			47,015	135,170		
05/01/34	1,630,000	5.700%	45,000	47,015			
11/01/34	1,585,000			45,733	137,748		
05/01/35	1,585,000	5.700%	45,000	45,733			
11/01/35	1,540,000			44,450	135,183		
05/01/36	1,540,000	5.700%	50,000	44,450			
11/01/36	1,490,000			43,025	137,475		
05/01/37	1,490,000	5.700%	55,000	43,025			
11/01/37	1,435,000			41,458	139,483		
05/01/38	1,435,000	5.700%	55,000	41,458			
11/01/38	1,380,000			39,890	136,348		
05/01/39	1,380,000	5.700%	60,000	39,890			
11/01/39	1,320,000			38,180	138,070		
05/01/40	1,320,000	5.700%	65,000	38,180			
11/01/40	1,255,000			36,328	139,508		
05/01/41	1,255,000	5.700%	65,000	36,328			
11/01/41	1,190,000			34,475	135,803		
05/01/42	1,190,000	5.700%	70,000	34,475			
11/01/42	1,120,000			32,480	136,955		
05/01/43	1,120,000	5.800%	75,000	32,480			
11/01/43	1,045,000			30,305	137,785		
05/01/44	1,045,000	5.800%	80,000	30,305			
11/01/44	965,000			27,985	138,290		
05/01/45	965,000	5.800%	85,000	27,985			
11/01/45	880,000			25,520	138,505		
05/01/46	880,000	5.800%	90,000	25,520			
11/01/46	790,000			22,910	138,430		
05/01/47	790,000	5.800%	95,000	22,910			
11/01/47	695,000			20,155	138,065		
05/01/48	695,000	5.800%	100,000	20,155			
11/01/48	595,000			17,255	137,410		
05/01/49	595,000	5.800%	105,000	17,255			
11/01/49	490,000			14,210	136,465		
05/01/50	490,000	5.800%	110,000	14,210			
11/01/50	380,000			11,020	135,230		
05/01/51	380,000	5.800%	120,000	11,020			
11/01/51	260,000			7,540	138,560		
05/01/52	260,000	5.800%	125,000	7,540			
11/01/52	135,000			3,915	136,455		
05/01/53	135,000	5.800%	135,000	3,915	138,915		
Total	$	1,945,000	$	2,102,750	$	4,047,750	
Proposed Budget
Debt Service Series 2022-2 Special Assessment Bonds

REVENUES:

Special Assessments-On Roll	$	491,030	$	368,273	$	122,758	$	491,030	$	491,030	
Interest Earnings	3,000	9,464	5,000	14,464	5,000	
Carry Forward Surplus (1)	214,263	217,837	-	217,837	209,138	
TOTAL REVENUES	$	708,293	$	595,573	$	127,758	$	723,331	$	705,168	

EXPENDITURES:						
Interest - 11/1	$	194,240	$	194,240	$	-	$	194,240	$	191,990	
Interest - 5/1	194,240	-	194,240	194,240	191,990	
Principal - 5/1	100,000	-	100,000	100,000	105,000	
TOTAL EXPENDITURES	$	488,480	$	194,240	$	294,240	$	488,480	$	488,980	

Other Sources/(Uses)						

Interfund transfer In/(Out)	
$	-	
$	(25,712)	
$	-	
$	(25,712)	
$	-	
TOTAL OTHER SOURCES/(USES)	$	-	$	(25,712)	$	-	$	(25,712)	$	-	
						
TOTAL EXPENDITURES	$	488,480	$	219,952	$	294,240	$	514,192	$	488,980	
						
EXCESS REVENUES (EXPENDITURES)	$	219,813	$	375,621	$  (166,483)	$	209,138	$	216,188	

(1) Carry Forward is Net of Reserve Requirement
Interest Due 11/1/25
$189,627.50

AMORTIZATION SCHEDULE
Debt Service Series 2022-2 Special Assessment Bonds

11/01/24	$	7,055,000			$	191,990	$	191,990		
05/01/25	7,055,000	4.500%	105,000	191,990			
11/01/25	6,950,000			189,628	$486,618		
05/01/26	6,950,000	4.500%	110,000	189,628			
11/01/26	6,840,000			187,153	$486,780		
05/01/27	6,840,000	4.500%	115,000	187,153			
11/01/27	6,725,000			184,565	$486,718		
05/01/28	6,725,000	5.100%	120,000	184,565			
11/01/28	6,605,000			181,505	$486,070		
05/01/29	6,605,000	5.100%	130,000	181,505			
11/01/29	6,475,000			178,190	$489,695		
05/01/30	6,475,000	5.100%	135,000	178,190			
11/01/30	6,340,000			174,748	$487,938		
05/01/31	6,340,000	5.100%	145,000	174,748			
11/01/31	6,195,000			171,050	$490,798		
05/01/32	6,195,000	5.100%	150,000	171,050			
11/01/32	6,045,000			167,225	$488,275		
05/01/33	6,045,000	5.400%	160,000	167,225			
11/01/33	5,885,000			162,905	$490,130		
05/01/34	5,885,000	5.400%	165,000	162,905			
11/01/34	5,720,000			158,450	$486,355		
05/01/35	5,720,000	5.400%	175,000	158,450			
11/01/35	5,545,000			153,725	$487,175		
05/01/36	5,545,000	5.400%	185,000	153,725			
11/01/36	5,360,000			148,730	$487,455		
05/01/37	5,360,000	5.400%	195,000	148,730			
11/01/37	5,165,000			143,465	$487,195		
05/01/38	5,165,000	5.400%	205,000	143,465			
11/01/38	4,960,000			137,930	$486,395		
05/01/39	4,960,000	5.400%	220,000	137,930			
11/01/39	4,740,000			131,990	$489,920		
05/01/40	4,740,000	5.400%	230,000	131,990			
11/01/40	4,510,000			125,780	$487,770		
05/01/41	4,510,000	5.400%	245,000	125,780			
11/01/41	4,265,000			119,165	$489,945		
05/01/42	4,265,000	5.400%	255,000	119,165			
11/01/42	4,010,000			112,280	$486,445		
05/01/43	4,010,000	5.600%	270,000	112,280			
11/01/43	3,740,000			104,720	$487,000		
05/01/44	3,740,000	5.600%	285,000	104,720			
11/01/44	3,455,000			96,740	$486,460		
05/01/45	3,455,000	5.600%	305,000	96,740			
11/01/45	3,150,000			88,200	$489,940		
05/01/46	3,150,000	5.600%	320,000	88,200			
11/01/46	2,830,000			79,240	$487,440		
05/01/47	2,830,000	5.600%	340,000	79,240			
11/01/47	2,490,000			69,720	$488,960		
05/01/48	2,490,000	5.600%	360,000	69,720			
11/01/48	2,130,000			59,640	$489,360		
05/01/49	2,130,000	5.600%	380,000	59,640			
11/01/49	1,750,000			49,000	$488,640		
05/01/50	1,750,000	5.600%	400,000	49,000			
11/01/50	1,350,000			37,800	$486,800		
05/01/51	1,350,000	5.600%	425,000	37,800			
11/01/51	925,000			25,900	$488,700		
05/01/52	925,000	5.600%	450,000	25,900			
11/01/52	475,000			13,300	$489,200		
05/01/53	475,000	5.600%	475,000	13,300	$488,300		
Total	$	7,055,000	$	7,289,465	$	14,344,465	
Cordova Palms
Community Development District
Non-Ad Valorem Assessments Comparison 2024-2025

Neighborhood	O&M Units	Bonds 2021
Units	Bonds 2022-1
Units	Bonds 2022-2
Units	
Annual Maintenance Assessments	
Annual Debt Assessments										
	
FY 2025	
FY2024	
Increase/ (decrease)	
FY 2025	
FY2024	Increase/ (decrease)										
					Series	Series	Series	Series	Series	Series	Total					
					2021	2022-1	2022-2	2021	2022-1	2022-2						

43' SF	
221	
137	
137	
8	
$769.63	
$491.16	
$278.47	
56.70%	
$1,122.33	
$459.25	
$1,794.59	
$1,253.85	
$540.54	
$1,794.59	
-$212.80	
53' SF	116	193	193	245	$769.63	$491.16	$278.47	56.70%	$1,401.84	$459.25	$2,108.11	$1,567.32	$540.54	$2,108.11	-$246.77	
Bulk	396	0	0	0	$769.63	$491.16	$278.47	56.70%	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	
Total	733	330	330	253												

EIGHTH ORDER OF BUSINESS
RESOLUTION 2024-05

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE CORDOVA PALMS COMMUNITY DEVELOPMENT DISTRICT DESIGNATING A DATE, TIME AND LOCATION FOR A LANDOWNERS’ MEETING AND ELECTION; PROVIDING FOR PUBLICATION; ESTABLISHING FORMS FOR THE LANDOWNER ELECTION; AND PROVIDING FOR SEVERABILITY AND AN EFFECTIVE DATE.
WHEREAS, Cordova Palms Community Development District (“District”) is a local unit of special- purpose government created and existing pursuant to Chapter 190, Florida Statutes; and

WHEREAS, pursuant to Section 190.006(1), Florida Statutes, the District’s Board of Supervisors (“Board”) “shall exercise the powers granted to the district pursuant to [Chapter 190, Florida Statutes],” and the Board shall consist of five members; and

WHEREAS, the District is statutorily required to hold a meeting of the landowners of the District for the purpose of electing Board Supervisors for the District on the first Tuesday in November, which shall be noticed pursuant to Section 190.006(2), Florida Statutes.

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

EXISTING BOARD SUPERVISORS; SEAT SUBJECT TO ELECTIONS. The Board is currently
made up of the following individuals:

Seat Number	Supervisor	Term Expiration Date	
1	Chad Sigmon	11/2026	
2	Don Gullion	11/2026	
3	James Shonkwiler	11/2024	
4	VACANT	11/2024	
5	VACANT	11/2024	

This year, Seat 3, currently held by James Shonkwiler, Seat 4, current vacant, and Seat 5, currently vacant, are subject to election by landowners in November 2024. The two candidates receiving the highest number of votes shall be elected for a term of four (4) years. The candidate receiving the next highest number of votes shall be elected for a term of two (2) years. The term of office for each successful candidate shall commence upon election.

LANDOWNER’S ELECTION. In accordance with Section 190.006(2), Florida Statutes, the meeting of the landowners to elect Board Supervisor(s) of the District shall be held on November 5, 2024, at 	 a/p.m., and located at the offices of GMS, 475 West Town Place, Suite 114, St. Augustine, Florida 32092.

PUBLICATION. The District’s Secretary is hereby directed to publish notice of the landowners’ meeting and election in accordance with the requirements of Section 190.006(2), Florida Statutes.
FORMS. Pursuant to Section 190.006(2)(b), Florida Statutes, the landowners’ meeting and election have been announced by the Board at its July 10, 2024 meeting. A sample notice of
landowners’ meeting and election, proxy, ballot form and instructions were presented at such meeting and are attached hereto as Exhibit A. Such documents are available for review and copying during normal business hours at the District’s Local Records Office and office of the District Manager, Governmental Management Services, 475 West Town Place, Suite 114, St. Augustine, Florida 32092.

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 become effective upon its passage.

PASSED AND ADOPTED THIS 10th DAY OF JULY, 2024.

CORDOVA PALMS COMMUNITY DEVELOPMENT DISTRICT

ATTEST:	CHAIRMAN / VICE CHAIRMAN

SECRETARY / ASST. SECRETARY
EXHIBIT A

NOTICE OF LANDOWNERS’ MEETING AND ELECTION AND MEETING OF THE BOARD OF SUPERVISORS OF THE CORDOVA PALMS COMMUNITY DEVELOPMENT DISTRICT
Notice is hereby given to the public and all landowners within Cordova Palms Community Development District (“District”) the location of which is generally described as comprising a parcel or parcels of land containing approximately 292.89 acres, located west of U.S. Highway 1, south of 9 Mile Road/International Gold Parkway and north of Lafayette Avenue within St. Johns County, Florida, advising that a meeting of landowners will be held for the purpose of electing three (3) persons to the District’s Board of Supervisors (“Board”, and individually, “Supervisor”). Immediately following the landowners’ meeting there will be convened a meeting of the Board for the purpose of considering certain matters of the Board to include election of certain District officers, and other such business which may properly come before the Board.

DATE:	November 5, 2024
TIME:		
PLACE:	GMS, LLC
475 West Town Place, Suite 114 St. Augustine, Florida 32092
Each landowner may vote in person or by written proxy. Proxy forms may be obtained upon request at the office of the District Manager, Governmental Management Services, 475 West Town Place, Suite 114, St. Augustine, Florida 32092, (904) 940-5850 (“District Manager’s Office”). At said meeting each landowner or his or her proxy shall be entitled to nominate persons for the position of Supervisor and cast one vote per acre of land, or fractional portion thereof, owned by him or her and located within the District for each person to be elected to the position of Supervisor. A fraction of an acre shall be treated as one acre, entitling the landowner to one vote with respect thereto. Platted lots shall be counted individually and rounded up to the nearest whole acre. The acreage of platted lots shall not be aggregated for determining the number of voting units held by a landowner or a landowner’s proxy. At the landowners’ meeting the landowners shall select a person to serve as the meeting chair and who shall conduct the meeting.

The landowners’ meeting and the Board meeting are open to the public and will be conducted in accordance with the provisions of Florida law. One or both of the meetings may be continued to a date, time, and place to be specified on the record at such meeting. A copy of the agenda for these meetings may be obtained from the District Manager’s Office. There may be an occasion where one or more supervisors will participate by telephone.
Any person requiring special accommodations to participate in these meetings is asked to contact the District Manager’s Office, at least 48 hours before the hearing. If you are hearing or speech impaired, please contact the Florida Relay Service by dialing 7-1-1, or 1-800-955-8771 (TTY) / 1-800-955-8770 (Voice), for aid in contacting the District Manager’s Office.
A person who decides to appeal any decision made by the Board with respect to any matter considered at the meeting is advised that such person will need a record of the proceedings and that accordingly, the person may need to ensure that a verbatim record of the proceedings is made, including the testimony and evidence upon which the appeal is to be based.

District Manager
Run Date(s): 	 & 	

PUBLISH: ONCE A WEEK FOR 2 CONSECUTIVE WEEKS, THE LAST DAY OF PUBLICATION TO BE NOT FEWER THAN 14 DAYS OR MORE THAN 28 DAYS BEFORE THE DATE OF ELECTION, IN A NEWSPAPER WHICH IS IN GENERAL CIRCULATION IN THE AREA OF THE DISTRICT
INSTRUCTIONS RELATING TO LANDOWNERS’ MEETING OF CORDOVA PALMS COMMUNITY DEVELOPMENT DISTRICT FOR THE ELECTION OF SUPERVISORS

DATE OF LANDOWNERS’ MEETING: Tuesday, November 5, 2024

TIME: 	 _.M.

LOCATION:   Office of GMS, LLC, 475 West Town Place, Suite 114, St. Augustine, Florida 32092
Pursuant to Chapter 190, Florida Statutes, and after a Community Development District (“District”) has been established and the landowners have held their initial election, there shall be a subsequent landowners’ meeting for the purpose of electing members of the Board of Supervisors (“Board”) every two years until the District qualifies to have its board members elected by the qualified electors of the District. The following instructions on how all landowners may participate in the election are intended to comply with Section 190.006(2)(b), Florida Statutes.

A landowner may vote in person at the landowners’ meeting, or the landowner may nominate a proxy holder to vote at the meeting in place of the landowner. Whether in person or by proxy, each landowner shall be entitled to cast one vote per acre of land owned by him or her and located within the District, for each position on the Board that is open for election for the upcoming term. A fraction of an acre shall be treated as one (1) acre, entitling the landowner to one vote with respect thereto. For purposes of determining voting interests, platted lots shall be counted individually and rounded up to the nearest whole acre. Moreover, please note that a particular parcel of real property is entitled to only one vote for each eligible acre of land or fraction thereof; therefore, two or more people who own real property in common, that is one acre or less, are together entitled to only one vote for that real property.

At the landowners’ meeting, the first step is to elect a chair for the meeting, who may be any person present at the meeting. The landowners shall also elect a secretary for the meeting who may be any person present at the meeting. The secretary shall be responsible for the minutes of the meeting. The chair shall conduct the nominations and the voting. If the chair is a landowner or proxy holder of a landowner, he or she may nominate candidates and make and second motions. Candidates must be nominated and then shall be elected by a vote of the landowners. Nominees may be elected only to a position on the Board that is open for election for the upcoming term.
This year, three (3) seats on the Board will be up for election by landowners. The two candidates receiving the highest number of votes shall be elected for a term of four (4) years. The candidate receiving the next highest number of votes shall be elected for a term of two (2) years. The term of office for each successful candidate shall commence upon election.

A proxy is available upon request. To be valid, each proxy must be signed by one of the legal owners of the property for which the vote is cast and must contain the typed or printed name of the individual who signed the proxy; the street address, legal description of the property or tax parcel identification number; and the number of authorized votes. If the proxy authorizes more than one vote, each property must be listed and the number of acres of each property must be included. The signature on a proxy does not need to be notarized.

KNOW ALL MEN BY THESE PRESENTS, that the undersigned, the fee simple owner of the lands described herein, hereby constitutes and appoints 	 (“Proxy Holder”) for and on behalf of the undersigned, to vote as proxy at the meeting of the landowners of the Cordova Palms Community Development District to be held at the office of GMS, LLC, 475 West Town Place, Suite 114, St. Augustine, Florida 32092 on November 5, 2024, at     a/p.m., and at any adjournments thereof, according to the number of acres of unplatted land and/or platted lots owned by the undersigned landowner that the undersigned would be entitled to vote if then personally present, upon any question, proposition, or resolution or any other matter or thing that may be considered at said meeting including, but not limited to, the election of members of the Board of Supervisors. Said Proxy Holder may vote in accordance with his or her discretion on all matters not known or determined at the time of solicitation of this proxy, which may legally be considered at said meeting.

Any proxy heretofore given by the undersigned for said meeting is hereby revoked. This proxy is to continue in full force and effect from the date hereof until the conclusion of the landowners’ meeting and any adjournment or adjournments thereof, but may be revoked at any time by written notice of such revocation presented at the landowners’ meeting prior to the Proxy Holder’s exercising the voting rights conferred herein.

Printed Name of Legal Owner				
Signature of Legal Owner

Parcel Description		Date

Acreage	

Authorized Votes	

[Insert above the street address of each parcel, the legal description of each parcel, or the tax identification number of each parcel. If more space is needed, identification of parcels owned may be incorporated by reference to an attachment hereto.]

Total Number of Authorized Votes:

NOTES: Pursuant to Section 190.006(2)(b), Florida Statutes, a fraction of an acre is treated as one (1) acre entitling the landowner to one vote with respect thereto. For purposes of determining voting interests, platted lots shall be counted individually and rounded up to the nearest whole acre. Moreover, two (2) or more persons who own real property in common that is one acre or less are together entitled to only one vote for that real property.
If the fee simple landowner is not an individual, and is instead a corporation, limited liability company, limited partnership or other entity, evidence that the individual signing on behalf of the entity has the authority to do so should be attached hereto (e.g., bylaws, corporate resolution, etc.).

For Election (3 Supervisors): The two (2) candidates receiving the highest number of votes will each receive a four (4) year term, and the one (1) candidate receiving the next highest number of votes will receive a two (2) year term, with the term of office for the successful candidates commencing upon election.
The undersigned certifies that he/she/it is the fee simple owner of land, or the proxy holder for the fee simple owner of land, located within the Cordova Palms Community Development District and described as follows:

Description	Acreage

[Insert above the street address of each parcel, the legal description of each parcel, or the tax identification number of each parcel.] [If more space is needed, identification of parcels owned may be incorporated by reference to an attachment hereto.]

or

Attach Proxy.

I,		,	as	Landowner,	or	as	the	proxy	holder	of
	 (Landowner) pursuant to the Landowner’s Proxy attached hereto, do cast my votes as follows:

SEAT #	NAME OF CANDIDATE	NUMBER OF VOTES	
3			
4			
5			

Date: 		Signed: 	
Printed Name: 	

NINTH ORDER OF BUSINESS

B.
CORDOVA PALMS CDD						

REQUISITION SUMMARY						
Cordova CDD 2022-2 Bonds-Acquisition and Construction Account 126173 June 12, 2024						
Date of 
Requisition	Req #	Payee	Reference	 REQUISITION 
TOTAL 		
Cordova CDD 2022-2 Bonds-Acquisition and Construction Account 118690 FOR RATIFICATION						
5/10/2024	72	ETM	Cordova Palms Amenity - CEI - Invoice 213594 (April 2024)	$820.50	
$	3,955.50	
			Cordova Palms Phase 3 CEI Services (WA#7) Invoice 213612 (April 2024)	$3,135.00		
6/5/2024	73	ETM	Cordova Palms Amenity - CEI - Invoice 214035 (May 2024)	$1,250.00	
$	4,410.01	
			Cordova Palms Phase 3 CEI Services (WA#7) Invoice 214064 (May 2024)	$3,160.01		
	Cordova CDD 2022-2 Bonds-Acquisition and Construction Account FOR RATIFICATION	$	8,365.51				
						
Date of 
Requisition	Req #	Payee	Reference	 INVOICE 
AMOUNT 		
Cordova CDD 2022-2 Bonds-Acquisition and Construction Account 118690 FOR APPROVAL						
						
	Cordova CDD 2022-2 Bonds-Acquisition and Construction Account FOR APPROVAL	$	-				

TOTAL REQUISITIONS TO BE RATIFIED AT JUNE 11, 2024 CDD MEETING	$	8,365.51	

Cordova Palms CDD Requisition Summary June 12 2024

C.
Sample Chapter 190 Specific Goals

Community Communication and Engagement:
Public Meetings Compliance: Hold at least two regular public board meeting per year to discuss community issues and developments.
Notice of Meetings: Provide public notice of each meeting at least seven days in advance, as specified in Section 190.007(1), using multiple
communication methods
Access to Records: Ensure that meeting minutes and other public records are readily available and easily accessible by completing monthly website check
Infrastructure and Facilities Maintenance:
Road and Street Lighting Maintenance Schedule: Develop an inspection and maintenance schedule for community roads and street lighting to ensure safety and proper functioning
Stormwater Management System Maintenance: Conduct semi-annual or annual inspections and maintenance of stormwater management systems
Recreational Facility Upkeep: Establish a monthly maintenance schedule for parks and recreational facilities to ensure they are safe and accessible
Financial Transparency and Accountability:
Annual Budget Preparation: Prepare and adopt the annual budget by July 15 each year and ensure it is available for public review at least 60 days before adoption.
Financial Reports: Publish financial reports detailing income, expenses, and budget status, and make them available on the CDD website
Annual Financial Audit: Conduct an annual financial audit and publish the results within a set number of days after completion.
Environmental Protection and Sustainability:
Tree Planting Initiative: Set a goal to plant a certain number of new trees annually within the community which allows for landscaping and maintenance of conservation areas.
Monthly Pond maintenance checks for invasive species and/or harmful algae to wildlife
Community Safety:
Signage: Conduct an annual review of signage to ensure visibility and determine if new signage is needed in areas (ponds, roads, hazards)

Administrative Efficiency:
Organized Record Keeping: Maintain organized and up-to-date records, ensuring compliance with statutory requirements in Section 190.006(4)
Timely Reporting to Authorities: Submit all required reports, such as the annual financial audit and budget reports, to the relevant authorities by their respective deadlines as specified in Sections 190.008 and 190.007.
Policy Review and Updates: Conduct an annual review of CDD policies to ensure they comply with current laws and meet community needs, and update as necessary, as per Section 190.011(5).

CDD Annual Goal/Objectives Examples for Involved Resident Controlled Districts

Enhance Community Communication:
Newsletters: Commit to sending out a monthly or bi-monthly newsletter to residents with updates on projects, events, and important information.
Community Website Updates: Ensure the CDD website is updated regularly with meeting minutes, announcements, and resources.
Bulletin Boards: Install community bulletin boards in common areas for posting important information and announcements.
Feedback Boxes: Place suggestion/feedback boxes in community centers for residents to provide input easily.

Improve Infrastructure Maintenance:
Lighting Checks: Implement a quarterly check and maintenance schedule for street lighting to ensure all lights are functioning.
Pothole Reporting System: Establish a simple reporting system for residents to notify the board of potholes or road damage (i.e. website link)
Park Bench Maintenance: Regularly inspect and repair park benches and picnic tables.
Sidewalk Inspections: Conduct annual inspections of sidewalks to ensure they are safe and free of hazards.

Environmental and Landscaping Improvements:
Tree Planting: Set a goal to plant a certain number of new trees or shrubs within the community each year.
Landscape Maintenance: Publish a schedule for lawn mowing, trimming, and general landscape upkeep in common areas so residents know what to expect
Seasonal Flower Planting: Plan seasonal flower planting in common areas to enhance the community's appearance.
Litter Clean-Up Days: Organize community clean-up days to pick up litter in public areas.
Monthly Pond maintenance checks for invasive species and/or harmful algae to wildlife

Community Events and Activities:
Quarterly Events: Organize at least one community event per quarter, such as a picnic, garage sale, or holiday celebration.
Fitness Programs: Introduce free or low-cost fitness classes or activities for residents, like yoga in the park or walking clubs.
Family Nights: Host outdoor events geared toward families
Safety Enhancements:
Safety Audits: Conduct semi-annual safety audits of community facilities and public spaces to identify and address potential hazards.
Neighborhood Watch Program: Promote the establishment or revitalization of a neighborhood watch program to enhance community security.
Speed Limit Signs: Ensure that speed limit signs are visible and place additional signs in areas where speeding is a concern.
CPR Training: Offer annual CPR and first aid training sessions for residents.
Emergency Contact List: Develop and distribute an emergency contact list with important numbers for residents.

Resident Engagement and Feedback:
Welcome Packets: Create welcome packets for new residents with information about the community and services.
Virtual Meetings: Offer the option for residents to join board meetings virtually for those who cannot attend in person.
Community Satisfaction Survey: Conduct a short annual survey to assess resident satisfaction with services and amenities.

Sustainability Initiatives:
Recycling Programs: Enhance recycling programs by providing more bins or organizing educational workshops on recycling.
Energy Efficiency: Implement small energy-saving measures in community buildings, such as switching to LED lighting.

Financial Transparency:
Expense Breakdown: Provide a simple breakdown of monthly expenses or recent upgrades in the community newsletter.
Budget FAQs: Develop a list of frequently asked questions (FAQs) about the community budget and finances for residents.

TENTH ORDER OF BUSINESS

A.

Cordova Palms
Community Development District

Unaudited Financial Reporting
April 30, 2024

Combined Balance Sheet April 30, 2024

	General	Debt Service
Fund	Fund		Capital Project Fund	Totals Governmental Funds					
Assets:
Cash:
Operating Account	

$	230,206	$	-	

$	

-	$	

230,206					
Due from General Fund	-	1,584		-	1,584					
Investments:
State Board of Administration (SBA)	

101,385	-		

-	

101,385					
Series 2021 Reserve	
-	201,450		
-	
201,450					
Interest	-	122,656		-	122,656					
Capital Interest	-	1,366		-	1,366					
Prepayment	-	749,382		-	749,382					
Revenue	-	126,127		-	126,127					
Sinking	-	155,328		-	155,328					
Construction	-	-		1,140	1,140					
Series 2022-1 Reserve	
-	76,175		
-	
76,175					
Interest	-	60,633		-	60,633					
Capital Interest	-	12		-	12					
Prepayment	-	213,201		-	213,201					
Revenue	-	64,270		-	64,270					
Sinking	-	30,000		-	30,000					
Construction	-	-		9,070	9,070					

Series 2022-2 Reserve	

-	245,399	-	

245,399							
Interest	-	194,240	-	194,240							
Capital Interest	-	35	-	35							
Revenue	-	81,346	-	81,346							
Sinking	-	100,000	-	100,000							
Construction	-	-	26,657	26,657							
Prepaid Expenses	1,067	-	-	1,067							
Deposits	2,692	-	-	2,692							
Total Assets	$	335,350	$	2,423,203	$	36,866	$	2,795,419							
Liabilities:
Due to Debt Service 2021	

$	1,584	$	-	$	-	$	

1,584							
Retainage Payable	-	-	467,183	467,183							
Contracts Payable	-	-	8,000	8,000							
Total Liabilites	$	1,584	$	-	$	475,183	$	476,767	

Fund Balance:										
Nonspendable:										
Prepaid Items	$	1,067	$	-		$	-		$	1,067	
Deposits	2,692			-			-		2,692	
Restricted for:										

Debt Service - Series	-	2,423,203	-		2,423,203	
Capital Project - Series	-	-	(438,316)		(438,316)	
Unassigned	330,007	-	-		330,007	
Total Fund Balances	$	333,766	$	2,423,203	$	(438,316)	$	2,318,652	
						
Total Liabilities & Fund Balance	$	335,350	$	2,423,203	$	36,866	$	2,795,419	

Adopted	Prorated Budget	Actual		
Budget	Thru 04/30/24	Thru 04/30/24	Variance	

Revenues:					
Special Assessments - Tax Roll	$	153,107	$	153,107	$	151,049	$	(2,058)	
Special Assessments - Direct Bill	179,912	141,622	141,622	-	
Interest Income	-	-	1,385	1,385	
Total Revenues	$	333,018	$	294,729	$	294,056	$	(673)	

Expenditures:					
General & Administrative:					
Supervisors Fees	$	12,000	$	7,000	$	-	$	7,000	
FICA Expense	918	536	-	536	
Engineering	11,600	6,767	5,289	1,478	
Arbitrage	1,800	1,050	-	1,050	
Attorney	25,000	14,583	3,419	11,165	
Annual Audit	7,400	4,317	2,500	1,817	
Assessment Administration	5,300	5,300	5,300	-	
Trustee Fees	12,500	10,833	10,833	-	
Dissemination	7,950	4,638	6,238	(1,600)	
Management Fees	50,085	29,216	29,216	-	
Website Maintenance	1,590	928	928	-	
Information Technology	2,385	1,391	1,391	-	
Telephone	500	292	38	253	
Postage	1,500	875	594	281	
Insurance	5,913	5,913	5,590	323	
Printing & Binding	1,500	875	75	800	
Legal Advertising	2,000	1,167	791	376	
Other Current Charges	600	350	-	350	
Office Supplies	500	292	1	291	
Dues, Licenses & Subscriptions	175	175	175	-	
Total General & Administrative	$	151,216	$	96,496	$	72,378	$	24,118	

Adopted	Prorated Budget	Actual		
Budget	Thru 04/30/24	Thru 04/30/24	Variance	

Operations & Maintenance					
Ground Maintenance:
Landscape - Maintenance	
$	120,000	
$	70,000	
$	52,739	
$	17,261	
Landscape - Contingency	5,000	5,000	17,700	(12,700)	
Lake Maintenance	10,000	5,833	2,190	3,643	
Insurance	-	-	3,121	(3,121)	
Electric	3,000	3,000	23,089	(20,089)	
Water/Sewer/Irrigation	20,034	11,686	-	11,686	
Repairs & Maintenance	11,768	6,865	-	6,865	
Irrigation Repairs	10,000	5,833	6,332	(499)	
Pest Control	2,000	1,167	-	1,167	
Subtotal Ground Maintenance	$	181,802	$	109,385	$	105,172	$	4,213	
					
Total Operations & Maintenance	$	181,802	$	109,385	$	105,172	$	4,213	
					
Total Expenditures	$	333,018	$	205,881	$	177,549	$	28,331	
					
Excess (Deficiency) of Revenues over Expenditures	$	-	$	88,848	$	116,507	$	27,659	
					
Net Change in Fund Balance	$	-	$	88,848	$	116,507	$	27,659	
					
Fund Balance - Beginning	$	-		$	217,259		
					
Fund Balance - Ending	$	-		$	333,766		
Cordova Palms
Community Development District Month to Month

Revenues:

Special Assessments - Tax Roll	$	-	$	4,747	$	95,893	$	44,822	$	5,372	$	214	$	-	$	-	$	-	$	-	$	-	$	-	$	151,049	
Special Assessments - Direct Bill	-	-	-	-	134,934	6,234	454	-	-	-	-	-	141,622					
Interest Income	-	-	-	15	441	471	458	-	-	-	-	-	1,385					
Total Revenues	$	-	$	4,747	$	95,893	$	44,837	$	140,746	$	6,920	$	912	$	-	$	-	$	-	$	-	$	-	$	294,056					

Expenditures:														
General & Administrative:														
Supervisors Fees	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-					
FICA Expense	-	-	-	-	-	-	-	-	-	-	-	-	-					
Engineering	805	525	908	285	810	1,479	478	-	-	-	-	-	5,289					
Arbitrage	-	-	-	-	-	-	-	-	-	-	-	-	-					
Attorney	-	1,209	1,196	548	467	-	-	-	-	-	-	-	3,419					
Annual Audit	-	-	-	-	-	-	2,500	-	-	-	-	-	2,500					
Assessment Administration	5,300	-	-	-	-	-	-	-	-	-	-	-	5,300					
Trustee Fees	5,500	-	5,333	-	-	-	-	-	-	-	-	-	10,833					
Dissemination	1,263	663	663	663	663	663	1,663	-	-	-	-	-	6,238					
Management Fees	4,174	4,174	4,174	4,174	4,174	4,174	4,174	-	-	-	-	-	29,216					
Website Maintenance	133	133	133	133	133	133	133	-	-	-	-	-	928					
Information Technology	199	199	199	199	199	199	199	-	-	-	-	-	1,391					
Telephone	5	-	15	7	6	-	5	-	-	-	-	-	38					
Postage	95	192	21	22	23	190	52	-	-	-	-	-	594					
Insurance	5,590	-	-	-	-	-	-	-	-	-	-	-	5,590					
Printing & Binding	5	14	14	9	9	15	10	-	-	-	-	-	75					
Legal Advertising	169	-	171	-	86	265	100	-	-	-	-	-	791					
Other Current Charges	-	-	-	-	-	-	-	-	-	-	-	-	-					
Office Supplies	0	0	0	0	0	0	0	-	-	-	-	-	1					
Dues, Licenses & Subscriptions	175	-	-	-	-	-	-	-	-	-	-	-	175					
Total General & Administrative	$	23,412	$	7,107	$	12,825	$	6,039	$	6,567	$	7,117	$	9,312	$	-  $	-  $	-  $	-  $	-	$	72,378					

Operations & Maintenance														
Ground Maintenance:														

Landscape - Maintenance	$	7,181	$	7,181	$	7,181	$	7,181	$	8,005	$	8,005	$	8,005	$	-	$	-	$	-	$	-	$	-	$	52,739	
Landscape - Contingency	4,511	1,481	3,600	7,752	356	-	-	-	-	-	-	-	17,700																			
Lake Maintenance	-	365	365	365	365	365	365	-	-	-	-	-	2,190																			
Insurance	2,730	-	-	-	-	-	391	-	-	-	-	-	3,121																			
Electric	2,222	2,161	2,261	4,914	3,193	3,355	4,983	-	-	-	-	-	23,089																			
Water/Sewer/Irrigation	-	-	-	-	-	-	-	-	-	-	-	-	-																			
Repairs & Maintenance	-	-	-	-	-	-	-	-	-	-	-	-	-																			
Irrigation Repairs	-	-	-	2,535	2,867	931	-	-	-	-	-	-	6,332																			
Pest Control	-	-	-	-	-	-	-	-	-	-	-	-	-																			
Subtotal Ground Maintenance	$	16,644	$	11,189	$	13,407	$	22,746	$	14,786	$	12,656	$	13,743	$	-  $	-  $	-  $	-  $	-  $	105,172																			
																											
Total Operations & Maintenance	$	16,644	$	11,189	$	13,407	$	22,746	$	14,786	$	12,656	$	13,743	$	-  $	-  $	-  $	-  $	-  $	105,172																			
																											
Total Expenditures	$	40,055	$	18,296	$	26,232	$	28,785	$	21,353	$	19,773	$	23,055	$	-  $	-  $	-  $	-  $	-  $	177,549																			
																											
Excess (Deficiency) of Revenues over Expenditures	$	(40,055)	$	(13,549)	$	69,661	$	16,053	$	119,393	$	(12,853)	$	(22,143)	$	-  $	-  $	-  $	-  $	-  $	116,507																			
																											
Net Change in Fund Balance	$	(40,055)	$	(13,549)	$	69,661	$	16,053	$	119,393	$	(12,853)	$	(22,143)	$	-  $	-  $	-  $	-  $	-  $	116,507																			

Revenues:					
Special Assessments - Tax Roll	$	250,520	$	250,520	$	217,688	$	(32,832)	
Special Assessments - Direct Bill	188,180	145,774	145,774	-	
Prepayments	-	-	654,240	654,240	
Interest Income	2,000	2,000	23,098	21,098	
Total Revenues	$	440,700	$	398,294	$	1,040,800	$	642,505	

Expenditures:					
Interest - 11/1	$	134,100	$	134,100	$	134,100	$	-	
Principal Expense Prepayment - 11/1	-	-	645,000	(645,000)	
Interest - 5/1	134,100	-	-	-	
Principal - 5/1	170,000	-	-	-	
Total Expenditures	$	438,200	$	134,100	$	779,100	$	(645,000)	
					
Excess (Deficiency) of Revenues over Expenditures	$	2,500	$	264,194	$	261,700	$	(2,495)	

Other Financing Sources/(Uses):					
Transfer In	$	-	$	-	$	-	$	-	
Transfer (Out)	-	-	-	-	
Total Other Financing Sources/(Uses)	$	-	$	-	$	-	$	-	
					
Net Change in Fund Balance	$	2,500	$	264,194	$	261,700	$	(2,495)	
					
Fund Balance - Beginning	$	176,375		$	1,098,455		
					
Fund Balance - Ending	$	178,875		$	1,360,154		

Revenues:					
Special Assessments - Tax Roll	$	93,500	$	93,500	$	81,391	$	(12,109)	
Special Assessments - Direct Bill	71,500	57,458	57,458	-	
Prepayments	-	-	189,932	189,932	
Interest Income	2,000	2,000	8,214	6,214	
Total Revenues	$	167,000	$	152,958	$	336,994	$	184,036	

Expenditures:					
Interest - 11/1	$	65,898	$	65,898	$	65,898	$	-	
Principal Expense Prepayment - 11/1	-	-	185,000	(185,000)	
Interest - 5/1	65,898	-	-	-	
Principal - 5/1	30,000	-	-	-	
Total Expenditures	$	161,795	$	65,898	$	250,898	$	(185,000)	
					
Excess (Deficiency) of Revenues over Expenditures	$	5,205	$	87,061	$	86,097	$	(964)	

Other Financing Sources/(Uses):					
Transfer In	$	-	$	-	$	-	$	-	
Transfer (Out)	-	-	(9,016)	(9,016)	
Total Other Financing Sources/(Uses)	$	-	$	-	$	(9,016)	$	(9,016)	
					
Net Change in Fund Balance	$	5,205	$	87,061	$	77,081	$	(9,980)	
					
Fund Balance - Beginning	$	79,583		$	364,948		
					
Fund Balance - Ending	$	84,788		$	442,029		

Revenues:					
Special Assessments - Direct Bill	$	491,030	$	368,273	$	368,273	$	-	
Interest Income	3,000	3,000	9,464	6,464	
Total Revenues	$	494,030	$	371,273	$	377,736	$	6,464	

Expenditures:					
Interest - 11/1	$	194,240	$	194,240	$	194,240	$	-	
Interest - 5/1	194,240	-	-	-	
Principal - 5/1	100,000	-	-	-	
Total Expenditures	$	488,480	$	194,240	$	194,240	$	-	
					
Excess (Deficiency) of Revenues over Expenditures	$	5,550	$	177,033	$	183,496	$	6,464	

Other Financing Sources/(Uses):					
Transfer In	$	-	$	-	$	-	$	-	
Transfer (Out)	-	-	(25,712)	(25,712)	
Total Other Financing Sources/(Uses)	$	-	$	-	$	(25,712)	$	(25,712)	
					
Net Change in Fund Balance	$	5,550	$	177,033	$	157,784	$	(19,249)	
					
Fund Balance - Beginning	$	214,263		$	463,236		
					
Fund Balance - Ending	$	219,813		$	621,020		
Statement of Revenues and Expenditures Capital Projects Funds
For The Period Ending April 30, 2024

Description	SE 2021	SE 2022-1	SE 2022-2	
Revenues				

Interest Income	
$	32	
$	26	
$	98	
Develper Contributions	-	4,000	3,605,253	
Transfer In	-	9,016	25,712	
Total Revenues	$	32	$	13,042	$	3,631,063	

Expenses				
Capital Outlay	$	-	$	4,000	$	2,768,684	
Total Expenses	$	-	$	4,000	$	2,768,684	
				
Excess Revenues (Expenses)	$	32	$	9,042	$	862,379	
				
Beginning Fund Balance	$	1,107	$	28	$	(1,310,905)	
				
Ending Fund Balance	$	1,140	$	9,070	$	(448,526)	

Long Term Debt Report

Series 2021, Special Assessment Bonds		

Optional Redemption Date:	5/1/2031		
Interest Rate:	2.4% - 4.0%		
Maturity Date:	5/1/2052		
Reserve Fund Definition	50% MADS		
Reserve Fund Requirement	$	201,450		
Reserve Fund Balance	201,450		
Excess funds in the revenue account as of November 2nd may be used for any lawful purpose		
Bonds outstanding - 2/17/2021	$  7,980,000	
Less: May 1, 2023 (Mandatory)	(165,000)	
Less: November 1, 2023 (Prepayment)	(645,000)	
Current Bonds Outstanding	$  7,170,000	

Series 2022-1, Special Assessment Bonds			

Interest Rate:	
4.8% - 5.8%		
Maturity Date:	5/1/2053		
Reserve Fund Definition	50% MADS		
Reserve Fund Requirement	$	76,175		
Reserve Fund Balance	76,175		
Bonds outstanding - 7/15/2022		$  2,325,000	
Less: November 1, 2023 (Prepayment)		(185,000)	
Current Bonds Outstanding		$  2,140,000	

Series 2022-2, Special Assessment Bonds			

Interest Rate:	
4.5% - 5.6%		
Maturity Date:	5/1/2053		
Reserve Fund Definition	50% MADS		
Reserve Fund Requirement	$	245,399		
Reserve Fund Balance	245,399		
Bonds outstanding - 7/15/2022		$  7,155,000	
Current Bonds Outstanding		$  7,155,000	
CORDOVA PALMS COMMUNITY DEVELOPMENT DISTRICT			
Fiscal Year 2024 Assessments Receipts Summary			

ASSESSED	# O&M UNITS
ASSESSED	SERIES 2021
DEBT ASSESSED	SERIES 2022-1
DEBT ASSESSED	SERIES 2022-2
DEBT ASSESSED	FY24 O&M
ASSESSED	TOTAL ASSESSED	
DREAM FINDERS	396	188,179.97	71,500.00	491,030.00	179,911.50	930,621.47	
TOTAL DIRECT INVOICES (1) (2)	396	188,179.97	71,500.00	491,030.00	179,911.50	930,621.47	
ASSESSED REVENUE TAX ROLL	337	220,648.17	82,497.69	-	153,102.94	456,248.81	
TOTAL ASSESSED	733	408,828.15	153,997.69	491,030.00	333,014.44	1,386,870.28	

DUE / RECEIVED	BALANCE DUE	SERIES 2021
DEBT RECEIVED	SERIES 2022-1
DEBT RECEIVED	SERIES 2022-2
DEBT RECEIVED	O&M RECEIVED	TOTAL RECEIVED	
DREAM FINDERS	217,494.09	145,774.22	57,458.36	368,272.50	141,622.30	713,127.38	
TOTAL DIRECT RECEIVED	217,494.09	145,774.22	57,458.36	368,272.50	141,622.30	713,127.38	
TAX ROLL DUE / RECEIVED	-	217,687.60	81,390.77	-	151,048.67	450,127.04	
TOTAL DUE / RECEIVED	217,494.09	363,461.82	138,849.13	368,272.50	292,670.97	1,163,254.42	
(1) D/S Direct Assessments are due: 35% due 12/1/23, 4/1/24 and 30% due 9/1/24

SUMMARY OF TAX ROLL RECEIPTS							
ST JOHNS COUNTY
DISTRIBUTION	
DATE RECEIVED	SERIES 2021
DEBT RECEIVED	SERIES 2022-1
DEBT RECEIVED	SERIES 2022-2
DEBT RECEIVED	
O&M RECEIVED	
TOTAL RECEIVED	
1	11/3/2023	-	-		-	-	
2	11/17/2023	2,327.21	870.12		1,614.80	4,812.13	
3	11/22/2023	4,514.09	1,687.76		3,132.23	9,334.08	
4	12/14/2023	31,237.28	11,679.24		21,674.87	64,591.39	
5	12/21/2023	27,585.11	10,313.74		19,140.70	57,039.55	
6	1/9/2024	79,376.64	29,677.97		55,077.71	164,132.32	
INTEREST	1/11/2024	563.39	210.64		390.92	1,164.96	
7	2/12/2024	64,033.25	23,941.26		44,431.27	132,405.78	
8	3/19/2024	7,741.89	2,894.60		5,371.93	16,008.42	
INTEREST	4/10/2024	308.74	115.44		214.23	638.41	
		-	-		-		
		-	-		-		
		-	-		-		
		-	-		-		
		-	-		-		
		-	-		-		
		-	-		-		
TOTAL RECEIVED TAX ROLL	217,687.60	81,390.77	-	151,048.67	450,127.04		

PERCENT COLLECTED	2021	2022-1	2022-2	O&M	TOTAL	
% COLLECTED DIRECT BILL	77.47%	80.36%	75.00%	78.72%	76.63%	
% COLLECTED TAX ROLL	98.66%	98.66%	0.00%	98.66%	98.66%	
TOTAL PERCENT COLLECTED	88.90%	90.16%	75.00%	87.89%	83.88%	

B.
Cordova Palms
Community Development District

Check Run Summary 5/1/2024 - 5/31/2024

Fund	Date	Check No.	Amount	

General Fund				
Accounts Payable	5/7/24	226-228	$	10,529.69	
	5/10/24	229	391.00	
	5/16/24	230	330,610.71	
	5/24/24	231	4,071.75	
	5/29/24	232-234	2,056.17	
Total	$	347,659.32		
AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	6/02/24	PAGE	1
*** CHECK DATES 05/01/2024 - 05/31/2024 ***	CORDOVA PALMS - GENERAL
BANK A CORDOVA - GENERAL
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
5/07/24 00022	5/02/24 22416	202405 320-57200-44400	*	365.00
MAY LAKE MAINTENANCE
FLORIDA WATERWAYS INC	365.00 000226
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
43	202405 310-51300-34000	*	4,173.75
MAY MANAGEMENT FEES
43	202405 310-51300-35200	*	132.50
MAY WEBSITE ADMIN.
43	202405 310-51300-35100	*	198.75
MAY INFORMATION TECH.
43	202405 310-51300-31300	*	662.50
MAY DISSEMINATION SRVCS
43	202405 310-51300-51000	*	.21
OFFICE SUPPLIES
43	202405 310-51300-42000	*	80.97
POSTAGE 43
COPIES 43
TELEPHONE
GOVERNMENTAL MANAGEMENT SERVICES	5,264.69 000227
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/07/24 00010	5/07/24 25653	202405 310-51300-32200	*	4,900.00
FYE 9/30/23 AUDIT
GRAU AND ASSOCIATES	4,900.00 000228
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/10/24 00004	4/16/24 22327	202404 320-57200-45000	*	391.00
FY24 PACK - INLAND MARINE
EGIS INSURANCE ADVISORS, LLC	391.00 000229
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/16/24 00018	4/24/24 CFR 11 R 202405 300-13100-10100	*	330,610.71
REQ 63 APPL 18 JAN 2024
VALLENCOURT CONSTRUCTION CO. INC.	330,610.71 000230
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/24/24 00007	3/14/24 CFR 10 R 202405 300-13100-10100	*	4,071.75
REQ 68
ENGLAND, THIMS & MILLER, INC.	4,071.75 000231
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/29/24 00011	5/20/24 6400115	202404 310-51300-48000	*	99.92
5/8 MEETING #10087058
GANNETT MEDIA CORP DBA GANNETT FL	99.92 000232
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/29/24 00007	4/04/24 213122	202403 310-51300-31100	*	1,478.75
MAR. ENGINEERING SERVICES
ENGLAND, THIMS & MILLER, INC.	1,478.75 000233
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
CORD CORDOVA PALMS	OKUZMUK
AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	6/02/24	PAGE	2
*** CHECK DATES 05/01/2024 - 05/31/2024 ***	CORDOVA PALMS - GENERAL
BANK A CORDOVA - GENERAL
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
5/29/24 00007	5/02/24 213606	202404 310-51300-31100	*	477.50
APR. ENGINEERING SERVICES
ENGLAND, THIMS & MILLER, INC.	477.50 000234
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
TOTAL FOR BANK A	347,659.32
TOTAL FOR REGISTER	347,659.32

CORD CORDOVA PALMS	OKUZMUK
FLORIDA WATERWAYS
)NC.-
3832-010 Baymeadows Road
PMB 379
Jacksonville1 FL 32217
Phone: 904.801.lAKE (5253)
Website: www.FloridaLake.com

DATE INVOICE# CUSTOMER ID DUE DATE

BILLTO
CORDOVA PALMS COMMUNITY
c/o Governmental Management Services North Florida 475 West Town Place, Suite 114
St Augustine, Florida 32092

Client Reference #:
Attention:	Oksana Kuzmuk

TOTAL	$	365,00

Florida Waterways, Inc.
3832-010 Baymeadows Road
PMB 379
Jacksonville1 FL 32217

If you have any questions about this invoice, please contact
Melissa Schwartz at melissa@floridapond.com or 904.801.LAKE (5253), Ext. 2
Thank You For Your Business!
Governmental Management Servicesf LLC
1001 Bradford Way
Kingston, TN 37763
Invoice

Bill To:
Cordova Palms COD 475 West Town Place Suite 114
St. Augustine, FL 32092
Invoice#: 43
Invoice Date: 5/1/24
Due Date: 5/i /24
Case:
P.O. Number:

Amount

Management Fees - May 2024 Website Administration May 024 •.·· Information Technology-May 2024
Dissemination Agent Services - May 2024 Office Supplies	•
:Postage Copies Telephone		4,173.75
13 L5o
198.75
662.50
0,21
80.97
6.90
· 9.1'1	4,173.75 i32.50 i98.75 662.5.0
0.21
80.97
6.90
9.11	

Total	$5,264.69	
Payments/Credits	$0.00	
Balance Due	$5,264.69	
Grau and Associates
951 W. Yamato Road, Suite 280 Boca Raton, FL 33431- www.graucpa.com

Phone: 561-994-9299	Fax: 561-994-5823

Cordova Palms Community Development District 475 West Town Place, Suite 114
St. Augustine, FL 32092

Invoice No.	 25653 Date	05/07/2024

SERVICE	AMOUNT

Audit FYE 09/30/2023

Current Amount Due
$	4,900.00

$	4.900.00

0- 30	31- 60	61-90	91 - 120	Over 120	Balance	
4,900.00	0.00	0.00	0.00	0.00	4,900.00	
Payment due upon receipt.

 91§,e & Risk Advisors

Cordova Palms Community Development District c/o Government Management Services NF
475 West Town Place, Suite 114 St. Augustine, FL 32092
INVOICE

Thank Vou
Please detach and return with payment
x-----------------------------------------------------------------
Customer: Cordova Palms Community Development District

Reg.It	PAYEE	Bonds SE 2022·2

){	63

69

70
Vallencourt Construction Co, Inc· Phase 2 - Application for Payment 18 Qanuary 2024) AJ Johns, Inc. Phase 3 • Application for Payment 23001-14 (March 2024)
England-Thims, & Miller, Inc. Invoices #213093, 213103, 213128 {March 2024)

TOTAL
$  330,610.71

$ 373,938.45

Please make check payable to:
Cordova Palms COD
475 WTown Place Suite 114 Saint Augustine, FL 32092

Signature:

Signature:

1,,,,•.,$"'_·::•,it,,
.,,/ .'- l\	,.
,:..ttl-'l·' f"\ -t,r,1,,
Cha!rrnan/Ylcc Chalnnan

Req.#	PAYEE	Bonds SE 2022-2

68	England-Thims,& Miller, Inc. Invoices #212664, 212672, 212691 (February 2024)

TOTAL
$	4,071.75

$	4,071.75

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

Signature:

Signamre:

r-·/,•,•.••••••1a••••q
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:halrman/Vko Chafrma,
v:·:·;·:t·t;wfaLo\.
\(J.i,il h,.i..iiEit'I
;ecretary/ Asst.SecrelOtJ
LocaliQ
Florida
GANNETT
P RH y:a:: / )} c ;
62049	1 of 1

Cordova Palms Cdd
475 W. Town Pl. Ste. 114
Saint Augustine, FL 32092-3649
,11111l'll1lll1111111111'llluhll'M11111111n1111i1111,1n,1,1
Legal Entity: Gannett Media Corp.
Terms eind Conditions: Past due accounts are subject to interest at the rate of 18% per annum or the maximum legal rate (whichever Is less), Advertiser claims for a credit relatecl to rates incorrecl!y invoiced or paid must be submitted In writing lo Publisher wlthin 30 days of the Invoice dale or the claim will be waived. Any credit towards future advertising must be used within 30 days of iesuance or the credit will be forfeited,
All funds payable In US dollars.

BILLING fNQU!RIES/ADDRESS CHANGES 1-877-736,7612 or smb@ccc.gannett.com

4/1/24	Balance Forward	$265.20	
4130/24	PAYMENT -THANK YOU	-$265.20	
Waq/f.<1g }ldveiJ:1singfl·.:J.../ ...• i. :\·.:!..,:·.•,..: .,:·•·,•••.· ..•. ) .,··-;,r;;;;})i'Y.'i!!:r•;, ··::\ A {r•:,,;[.•::%! <?·,;;:: ···•1\<:·..(; ;;';	; •·,,..•··.'! \'., ;. }:;,i5;;•: ,.-.·,;,i;·.,·(}',· •'i.f 'J@,'..\;••rf.

Start-End Date Order Number	Product	Description	PO Number	Package Cost	
4124124 10087058	SAG St Augustine Record	Cordova Palms May Meeting		$99.92	

As an incentive for customers, we provide a discount off the total invoice cost equal to the 3.99% service fee if you pay with Cash/Check/ACH. Pay by Cash/Check/ACH and Savel
Total Cash Amount Due Service Fee 3.99% cash/Check/ACH Discount
"Payment Amount by Cash/Check/ACH Payment Amount by Credit Card
$99.92
$3.99
-$3,99
$99.92
$103,91

$99.92
rt·1t1:1i;,ltrtvJJtJQg l
$0.00

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Gannett Florida LocaliQ PO Box 631244
Cincinnati, OH 45263-1244
1-877-736-7612	$103.91

□0□□7620490□□□□0000□□□0640□115□□□0999267178
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FLORIDA	PO Box 631244 Cincinnati, OH 45263-1244

AFFIDAVIT OF PUBLICATION
Cordova Palms Cdd Cordova Palms Cdd 475WTownPL# 114
Saim Augustine FL 32092-3649

STATE OF WISCONSIN, COUNTY OF BROWN

Before the undersigned authority personally appeared, who on oath says that he or she is the Legal Coordinator of the
St Augustine Record, published in St Johns County, Florida; that the attached copy of advertisement, being a Public Notices, was published on the publicly accessible website of St Johns County, Florida, or in a newspaper by print in the issues of, on:

04/24/2024

Affiant further says that the website or newspaper complies with all legal requirements for publication in chapter 50, Florida Statutes.
Subscribed and sworn to before me, by the legal clerk, who is personally known to me, on 04/24/2024
	h).{4	

My commission expires
Publication Cost:	$99.92		
Order No:	10087058	# of Copies:	
Customer No:	752049	1	
PO#:			
THIS rs NOT AN 1NVOICE!
Please do nm use 1hixJi1nn for pnymenl remilltmce.
NOTICE OF AUDIT COMMITTEE MEETING AND MEETING OF THE BOARD OF SUPERVISORS Of THE CORDOVA PALMS COMMUNITY DEVELOPMENT DISTRICT
Nofice is hereby given lhof the Cordovo Patms Community De\lel­ op-ment District Audit Commrt t.ee- is s.-c.hed1;!-ed 10 meet on WednesdoY, Mov 8 2024 ot l :OO p,m. ot the offices of Guvernmentol Monoge­ mr;nt Services1 LLC, 475 We,;t Town Place1 Suite lld St, Augus.Hne1 Florida 32092 ta review ond select auditor selection evaluation tdterla. lmmedtafefv foUowins lhe oudlt commmee meeting will be- n- rngu\or meeting of me Boord of Supervisors e•soord''} where the Boord moY consider 0nY business the;t moy ProperfY come before it. The Purpose of the meetrng is to r view mon1hlY ffnondal reports, stoff reports, and fo conduct ony other business ihot moy come before thH Board. Copies of ihe ogendc5 moY be obtoined from Governmental Management services, LLC, ,175 Wesl Town Plac:e Suite 1H, St. Augustine, Flor[do		Ph: {90 ) 940,5850,	on.d	emoil		dh;1ugh- lin@gms-of .com		{0Oistrict Monoger's Offken). and are also ovoilable on the Oiskict's websJte, WW\1.J.CordovaPolmsCDD.c-om.
The meetings ore- op-en lo the public
ond wm be conducted in accordance wllh 1he provisions of FiorJdo low. The meetings mos be continued to o dafe, Hme, ond place !o be spedf112d on Jhe record at meeting, There mav be occosions Wh-en Boord Supervisors or District Staff wlil po:rOclpofe by speaker f-e!ephone.
Any person requiring speciol occom­ modofions at the meeUngs because of a disabmty or physical impair­ ment should con\oct lh-e District Monoger's Offke ot least fortY•eight
(48) hours prior to the meetings. Jf you ore hecrjng or speech impoi.re:d, pieose contod the Florida R-ei0Y Service by diollng 1+1, or 1·800·955· 8771 (TTY) I 1-800-955'8770 (Voice),
for aid in conloc.Hn9 the Disfrid
Manoger•5 Office.
A person who decides 1o oppe-ol any dedslon mode by lhe Boord with respect 1o ony maHe-r con.sidered at 1he meetings ls □dvtse-d thot lhis same parson wm need o reco1d of Jhe proceedings and 1hcst o-ccord· ing1y, th-o- -person may need to ensure fhot a v rbaHm record of the proceedings is mode, including fhe lesHmony ond evidence upon which the app.eol ls lo be b-a.sed.
Doniet Lnughlfn
District Monager
POb: April 2,.1, '202-1; trlOOB10S8

Page 1 of 1

ENGLANO--THIMS&MILLER	14775 Old St. Augustine Road, Jacksonville, FL 32258 etminc.com I 904.642.8990

Cordova Palms Community Development District c/o GMS, LLC
Town Center 1 at World Golf Village
475 West Town Place, Suite 114
St. Augustine, FL 32092
April 04, 2024
Invoice No:	213122
!Total This Invoice	$1,478.751

Project
22395.01000
Cordova Palms COD - 2023/2024 General Consulting Engineering Services
(INA#11)
Professional Services rendered through March 30. 2024 	 _
Phase
Labor
Gen. Consulting Engineering Services

Hours	Rate	Amount
Executive VP/Chief Engineer
Wild, Scott	3/23/2024	1.00	335.00	335.00
Senior Engineer/Senior Project Manager

Hurst, Douglas	3/9/2024	1.00	215.00	215.00		
Hurst, Douglas	3/16/2024	2.00	215.00	430,00		
Adminstrative Support						
Blair, Shelley	3/2/2024	.50	95.00	47.50		
Blair, Shelley	3/9/2024	1.00	95.00	95.00		
Blair, Shelley	3/16/2024	1.50	95.00	142.50		
Blair, Shelley	3/23/2024	.25	95.00	23.75		
Blair, Shelley	3/30/2024	2.00	95.00	190.00		
Totals		9.25		1,478.75		
Total Labor					1,478.75	
Billing Limits	Current	Prior	To•Date			
Total Billings	1,478.75	3,926.50	5,405.25			
Limit			11,600.00			
Remaining			6,194.75			
Total this Phase	$1,478.75

Phase	XP.	Expenses
Total this Phase	0.00

Total This Invoice ========$1=,4=78=.7=5
14775 Old St. Augustine Road, Jacksonvl!le, FL 32258
etminc,com I 904.642.8990

Cordova Palms Community Development District c/o GMS, LLC
Town Center 1 at World Golf Village 475 West Town Place, Suite 114
St Augustine, FL 32092
May 02, 2024
Invoice No:	213606
/Total This Invoice	$477.sol

Project
22395.01000
Cordova Palms CDD - 2023/2024 General Consulting Engineering Services
{WA#11)
Profession.ii Servi!::es rendered through April 27, 20	,
Phase
Labor
Gen. Consulting Engineering Services

Hours	Rate	Amount
rl' , :r ::
Executive VP/Chief Engineer

:	----	:

Totals
Total Labor
2.50
477.50

477.50

Billing Limits	Current	Prior	To-Date	
Total Bf!lings	477.50	5,405.25	5,882.75	
Limit			11,600.00	
Remaining			5,717.25	

Total this Phase
$477.50

Phase	XP.
Expenses

Total this Phase	0.00

Total This Invoice		$477.50

Outstanding Invoices

Number	Date	Balance	
213122	4/4/2024	1,478.75	
Total		1,478.75	
		Total Now Due	$1,956.25	

C.
Cordova Palms
Community Development District	Construction Funding Request #13
June 7, 2004

Req.#	PAYEE	Bonds SE 2022-2

England-Thims, & Miller, Inc. Invoices #213594, 213612 (April 2024)	$	3,955.50

England-Thims, & Miller, Inc. Invoices #214035, 214064 (May 2024)	$	4,410.01

TOTAL	 $	8,365.51 

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

Signature:

Signature:

Chairman/Vice Chairman

Secretary/Asst.Secretary

`
REQUISITION (SERIES 2022-2 PROJECT)
The undersigned, an Authorized Officer of Cordova Palms Community Development District (the "District") hereby submits the following requisition for disbursement under and pursuant to the terms of the Master Trust Indenture between the District and The Bank of New York Mellon Trust Company, N.A., Jacksonville, Florida, as trustee (the "Trustee"), dated as of December 1, 2021 (the "Master Indenture"), as amended and supplemented by the Third Supplemental Indenture from the District to the Trustee, dated as of July 1, 2022 (the Master Indenture as amended and supplemented is hereinafter referred to as the "Indenture") (all capitalized terms used herein shall have the meaning ascribed to such term in the Indenture):
Requisition Number:	72
Name of Payee:
England-Thims & Miller, Inc.
First Citizens
ABA Routing #053100300 Jacksonville, FL
Account #9061592290 - England, Thims & Miller, Inc.

Amount Payable:	$ 3,955.50
Purpose for which paid or incurred (refer also to specific contract if amount is due and payable pursuant to a contract involving progress payments, or, state Costs of Issuance, if applicable):

Cordova Palms Amenity - CEI - Invoice 213594 (April 2024)	$  820.50	
Cordova Palms Phase 3 CEI Services (WA#7) Invoice 213612 (April 2024)	$ 3,135.00	
TOTAL REQUISITION 72	$ 3,955.50

Fund or Account and subaccount, if any, from which disbursement to be made:
2022-2 Bonds (Assessment Area Two)
The undersigned hereby certifies that [obligations in the stated amount set forth above have been incurred by the District, that each disbursement set forth above is a proper charge against the Series 2022-2 Acquisition and Construction Account and the subaccount, if any, referenced above, that each disbursement set forth above was incurred in connection with the acquisition and construction of the Series 2022-2 Project and each represents a Cost of the Series 2022-2 Project, and has not previously been paid] OR [this requisition is for Costs of Issuance payable from the Costs of Issuance Account that has not previously been paid].
The undersigned hereby further certifies that there has not been filed with or served upon the District notice of any lien, right to lien, or attachment upon, or claim affecting the right to receive payment of, any of the moneys payable to the Payee set forth above, which has not been released or will not be released simultaneously with the payment hereof.
The undersigned hereby further certifies that such requisition contains no item representing payment on account of any retained percentage which the District is at the date of such certificate entitled to retain.
Originals or copies of the invoice(s) from the vendor of the property acquired or services rendered with respect to which disbursement is hereby requested are on file with the District.
CORDOVA PALMS COMMUNITY DEVELOPMENT DISTRICT

By:		 Authorized Officer

CONSULTING ENGINEER'S APPROVAL FOR NON-COST OF ISSUANCE REQUESTS ONLY
If this requisition is for a disbursement from other than the Costs of Issuance Account, the undersigned Consulting Engineer hereby certifies that this disbursement is for a Cost of the Series 2022-2 Project and is consistent with: (i) the applicable acquisition or construction contract; (ii) the plans and specifications for the portion of the Series 2022-2 Project with respect to which such disbursement is being made; and (iii) the report of the Consulting Engineer attached as an Exhibit to the Third Supplemental Indenture, as such report shall have been amended or modified on the date hereof.

Consulting Engineer

Cordova Palms Community Development District c/o GMS, LLC
Town Center 1 at World Golf Village 475 West Town Place, Suite 114
St. Augustine, FL 32092
May 02, 2024
Invoice No:	213594

Project	21434.01000	Cordova Palm CDD-Amenity-CEI
Professional Services rendered through April 27, 2024
Phase	01.	Limited Construction Administration Serv
Labor

Project Manager		Hours	Rate	Amount			
Blalock, Clinton	4/20/2024	.75	200.00	150.00			
Blalock, Clinton	4/27/2024	.75	200.00	150.00			
CEI Project Manager/Project Admin.							
Donchez, James	4/6/2024	.50	184.00	92.00			
Donchez, James	4/20/2024	.50	184.00	92.00			
Donchez, James
CEI Sr. Inspector	4/27/2024	.50	184.00	92.00			
Rodgers, Larry	4/20/2024		.50	163.00	81.50		
Rodgers, Larry	4/27/2024		1.00	163.00	163.00		
Totals
Total Labor			4.50		820.50	
820.50	
Billing Limits		Current		Prior	To-Date		
Total Billings		820.50		4,727.50	5,548.00		
Limit					37,935.00		
Remaining					32,387.00		

Total this Phase

Phase	02.	Progress Meetings
Billing Limits	Current	Prior	To-Date
Total Billings	0.00	0.00		0.00 Limit			17,520.00
Remaining	17,520.00
Total this Phase

Phase	03.	Owner Requested Plan Revisions
$820.50

0.00

Billing Limits	Current	Prior	To-Date	
Total Billings	0.00	0.00	0.00	
Limit			5,000.00	
Remaining			5,000.00	

Project
21434.01000	Cordova Palms CDD-Amenity CEI	Invoice
213594

Total this Phase	0.00

Phase	XP.	Reimbursable Expenses

Billing Limits		Current	Prior	To-Date	
Total Billings		0.00	0.00	0.00	
Limit			500.00	
Remaining			500.00	
			Total this Phase	0.00	
			
Total This Invoice 	$820.50	
Outstanding Invoices				
Number	Date	Balance		
212672	3/1/2024	941.50		
213103	4/3/2024	1,434.50		
Total		2,376.00	
Total Now Due	$3,196.50	

Page 2

Cordova Palms Community Development District c/o GMS, LLC
Town Center 1 at World Golf Village 475 West Town Place, Suite 114
St. Augustine, FL 32092
May 02, 2024
Invoice No:	213612

Project	22433.00000	Cordova Palms Phase 3 CEI Services (WA#7)
Professional Services rendered through April 27, 2024
Phase	01	Limited Construction Administration Serv
Labor
Hours	Rate	Amount
Executive VP/Chief Engineer
Wild, Scott	
4/20/2024	
1.00	
320.00	
320.00			
Project Manager
Blalock, Clinton	
4/13/2024	
1.50	
190.00	
285.00			
Blalock, Clinton	4/20/2024	.25	190.00	47.50			
Blalock, Clinton CEI Project Manager
Donchez, James	4/27/2024

4/6/2024	1.50

1.00	190.00

175.00	285.00

175.00			
Donchez, James	4/13/2024	1.00	175.00	175.00			
Donchez, James	4/20/2024	1.50	175.00	262.50			
Donchez, James CEI Sr. Inspector
Rodgers, Larry	4/27/2024

4/20/2024	.50

1.00	175.00

155.00	87.50

155.00			
Rodgers, Larry
CEI Inspector	4/27/2024	.50	155.00	77.50			
Herbert, Francis	4/27/2024		4.00	125.00	500.00		
Lanh, Pong	4/20/2024		1.00	125.00	125.00		
Totals
Total Labor			14.75		2,495.00	
2,495.00	
Billing Limits		Current		Prior	To-Date		
Total Billings		2,495.00		70,929.00	73,424.00		
Limit					80,000.00		
Remaining					6,576.00		
Total this Phase	$2,495.00

Phase	02	Progress Meetings

Project
22433.00000	Cordova Palms Phase 3 CEI Services	Invoice
213612

Labor

Executive VP/Chief Engineer		Hours	Rate	Amount		
Wild, Scott	4/20/2024	2.00	320.00	640.00		
Totals
Total Labor		2.00		640.00	
640.00	
Billing Limits		Current	Prior	To-Date		
Total Billings		640.00	6,603.25	7,243.25		
Limit				16,650.00		
Remaining				9,406.75		
Total this Phase	$640.00

Phase	03	Owner Requested Plan Revisions

Billing Limits	Current	Prior	To-Date	
Total Billings	0.00	10,000.00	10,000.00	
Limit			10,000.00	
Total this Phase	0.00

Phase	XP	Reimbursable Expenses

Billing Limits		Current	Prior	To-Date	
Expense		0.00	1,392.73	1,392.73	
Limit			1,500.00	
Remaining			107.27	
			Total this Phase	0.00	
			
Total This Invoice 	$3,135.00	
Outstanding Invoices				
Number	Date	Balance		
212691	3/1/2024	2,738.75		
213128	4/4/2024	4,132.50		
Total		6,871.25	
Total Now Due	$10,006.25	

Page 2
REQUISITION (SERIES 2022-2 PROJECT)
The undersigned, an Authorized Officer of Cordova Palms Community Development District (the "District") hereby submits the following requisition for disbursement under and pursuant to the terms of the Master Trust Indenture between the District and The Bank of New York Mellon Trust Company, N.A., Jacksonville, Florida, as trustee (the "Trustee"), dated as of December 1, 2021 (the "Master Indenture"), as amended and supplemented by the Third Supplemental Indenture from the District to the Trustee, dated as of July 1, 2022 (the Master Indenture as amended and supplemented is hereinafter referred to as the "Indenture") (all capitalized terms used herein shall have the meaning ascribed to such term in the Indenture):
Requisition Number:	73
Name of Payee:
England-Thims & Miller, Inc.
First Citizens
ABA Routing #053100300 Jacksonville, FL
Account #9061592290 - England, Thims & Miller, Inc.

Amount Payable:	$ 4,410.01
Purpose for which paid or incurred (refer also to specific contract if amount is due and payable pursuant to a contract involving progress payments, or, state Costs of Issuance, if applicable):

Cordova Palms Amenity - CEI - Invoice 214035 (May 2024)	$	1,250.00	
Cordova Palms Phase 3 CEI Services (WA#7) Invoice 214064 (May 2024)	$	3,160.01	
TOTAL REQUISITION 73	$	4,410.01
Fund or Account and subaccount, if any, from which disbursement to be made:
2022-2 Bonds (Assessment Area Two)
The undersigned hereby certifies that [obligations in the stated amount set forth above have been incurred by the District, that each disbursement set forth above is a proper charge against the Series 2022-2 Acquisition and Construction Account and the subaccount, if any, referenced above, that each disbursement set forth above was incurred in connection with the acquisition and construction of the Series 2022-2 Project and each represents a Cost of the Series 2022-2 Project, and has not previously been paid] OR [this requisition is for Costs of Issuance payable from the Costs of Issuance Account that has not previously been paid].
The undersigned hereby further certifies that there has not been filed with or served upon the District notice of any lien, right to lien, or attachment upon, or claim affecting the right to receive payment of, any of the moneys payable to the Payee set forth above, which has not been released or will not be released simultaneously with the payment hereof.
The undersigned hereby further certifies that such requisition contains no item representing payment on account of any retained percentage which the District is at the date of such certificate entitled to retain.
Originals or copies of the invoice(s) from the vendor of the property acquired or services rendered with respect to which disbursement is hereby requested are on file with the District.
CORDOVA PALMS COMMUNITY DEVELOPMENT DISTRICT

By:		 Authorized Officer

CONSULTING ENGINEER'S APPROVAL FOR NON-COST OF ISSUANCE REQUESTS ONLY
If this requisition is for a disbursement from other than the Costs of Issuance Account, the undersigned Consulting Engineer hereby certifies that this disbursement is for a Cost of the Series 2022-2 Project and is consistent with: (i) the applicable acquisition or construction contract; (ii) the plans and specifications for the portion of the Series 2022-2 Project with respect to which such disbursement is being made; and (iii) the report of the Consulting Engineer attached as an Exhibit to the Third Supplemental Indenture, as such report shall have been amended or modified on the date hereof.

Consulting Engineer

Cordova Palms Community Development District c/o GMS, LLC
Town Center 1 at World Golf Village 475 West Town Place, Suite 114
St. Augustine, FL 32092
May 29, 2024
Invoice No:	214035

Project	21434.01000	Cordova Palm CDD-Amenity-CEI
Professional Services rendered through May 25, 2024
Phase	01.	Limited Construction Administration Serv
Labor

Project Manager		Hours	Rate	Amount			
Blalock, Clinton	5/4/2024	1.00	200.00	200.00			
Blalock, Clinton	5/11/2024	.75	200.00	150.00			
Blalock, Clinton	5/25/2024	.50	200.00	100.00			
CEI Project Manager/Project Admin.							
Donchez, James	5/4/2024	.50	184.00	92.00			
Donchez, James
CEI Sr. Inspector	5/25/2024	1.00	184.00	184.00			
Rodgers, Larry	5/4/2024		2.00	163.00	326.00		
Totals
Total Labor			5.75		1,052.00	
1,052.00	
Billing Limits		Current		Prior	To-Date		
Total Billings		1,052.00		5,548.00	6,600.00		
Limit					37,935.00		
Remaining					31,335.00		

Total this Phase

Phase	02.	Progress Meetings
Billing Limits	Current	Prior	To-Date
Total Billings	0.00	0.00		0.00 Limit			17,520.00
Remaining	17,520.00
Total this Phase

Phase	03.	Owner Requested Plan Revisions
$1,052.00

0.00

Project
21434.01000	Cordova Palms CDD-Amenity CEI	Invoice
214035

Labor

CADD/GIS Technician		Hours	Rate	Amount		
Jeter, Matthew	5/4/2024	1.50	132.00	198.00		
Totals
Total Labor		1.50		198.00	
198.00	
Billing Limits		Current	Prior	To-Date		
Total Billings		198.00	0.00	198.00		
Limit				5,000.00		
Remaining				4,802.00		
Total this Phase	$198.00

Phase	XP.	Reimbursable Expenses

Billing Limits		Current	Prior	To-Date	
Total Billings		0.00	0.00	0.00	
Limit			500.00	
Remaining			500.00	
			Total this Phase	0.00	
			
Total This Invoice 	$1,250.00	
Outstanding Invoices				
Number	Date	Balance		
212672	3/1/2024	941.50		
213103	4/3/2024	1,434.50		
213594	5/2/2024	820.50		
Total		3,196.50	
Total Now Due	$4,446.50	

Page 2

Cordova Palms Community Development District c/o GMS, LLC
Town Center 1 at World Golf Village 475 West Town Place, Suite 114
St. Augustine, FL 32092
May 29, 2024
Invoice No:	214064

Project	22433.00000	Cordova Palms Phase 3 CEI Services (WA#7)
Professional Services rendered through May 25, 2024
Phase	01	Limited Construction Administration Serv
Labor
Hours	Rate	Amount
Executive VP/Chief Engineer
Wild, Scott	
5/4/2024	
.50	
320.00	
160.00			
Project Manager
Blalock, Clinton	
5/4/2024	
1.00	
190.00	
190.00			
Blalock, Clinton	5/11/2024	.75	190.00	142.50			
Blalock, Clinton	5/18/2024	1.00	190.00	190.00			
Blalock, Clinton CEI Project Manager
Donchez, James	5/25/2024

5/4/2024	.25

.50	190.00

175.00	47.50

87.50			
Donchez, James	5/11/2024	1.00	175.00	175.00			
Donchez, James	5/18/2024	1.00	175.00	175.00			
Donchez, James CEI Sr. Inspector
Rodgers, Larry	5/25/2024

5/4/2024	.50

1.50	175.00

155.00	87.50

232.50			
Rodgers, Larry
CEI Inspector	5/11/2024	3.00	155.00	465.00			
Herbert, Francis	5/4/2024		2.00	125.00	250.00		
Herbert, Francis	5/11/2024		3.00	125.00	375.00		
Herbert, Francis	5/25/2024		2.00	125.00	250.00		
Totals
Total Labor			18.00		2,827.50	
2,827.50	
Billing Limits		Current		Prior	To-Date		
Total Billings		2,827.50		73,424.00	76,251.50		
Limit					80,000.00		
Remaining					3,748.50		
Total this Phase	$2,827.50

Phase	02	Progress Meetings

Project
22433.00000	Cordova Palms Phase 3 CEI Services	Invoice
214064

Labor
Hours
CADD/GIS Technician
Jeter, Matthew	5/4/2024	2.50	Rate

125.00	Amount

312.50		
Totals	2.50
Total Labor		312.50	
312.50	
Billing Limits	Current	Prior	To-Date		
Total Billings	312.50	7,243.25	7,555.75		
Limit		16,650.00		
Remaining		9,094.25		
	Total this	Phase	$312.50	
Phase	03	Owner Requested Plan Revisions				
Billing Limits	Current	Prior	To-Date		
Total Billings	0.00	10,000.00	10,000.00		
Limit		10,000.00		
	Total this	Phase	0.00	
Phase	XP	Reimbursable Expenses
Expenses				
Fuel		20.01		
Total Expenses	1.0 times	20.01	20.01	
Billing Limits	Current	Prior	To-Date		
Expense	20.01	1,392.73	1,412.74		
Limit		1,500.00		
Remaining		87.26		
	Total this	Phase	$20.01	

Total This Invoice 	$3,160.01

Outstanding Invoices
Number	Date	Balance
212691	3/1/2024	2,738.75
213128	4/4/2024	4,132.50
213612	5/2/2024	3,135.00
Total	10,006.25
Total Now Due	$13,166.26

Page 2