Lakeside Preserve
Community Development District

12051 Corporate Boulevard, Orlando, FL 32817; 407-723-5900

www.lakesidepreservecdd.org

The following is the proposed agenda for the Board of Supervisors meeting for the Lakeside Preserve Community Development District, scheduled to be held Thursday, July 16, 2020 at 11:30 a.m. via conference call due to the COVID-19 Executive Order 20-150. Attached to this Agenda is a copy of the Executive Order 20-150. Questions or comments on the Board Meeting or proposed agenda may be addressed to Jane Gaarlandt at gaarlandtj@pfm.com or (407) 723-5900.

To attend the meeting, please use the below conference call information:

Phone:	1-844-621-3956	
Access Code:	790 393 986 #	

PROPOSED BOARD OF SUPERVISORS’ MEETING AGENDA Administrative Matters

•	Roll Call to Confirm Quorum

•	Public Comment Period [for any members of the public desiring to speak on any proposition before the Board]

1.	Consideration of Minutes of the May 14, 2020 Board of Supervisors’ Meeting
2.	Consideration of Resolution 2020-08, Annual Meeting Schedule for Fiscal Year 2020/2021 (provided under separate cover)

Business Matters

3.	Public Hearing on the Adoption of the District’s Fiscal Year 2020-2021 Budget o Public Comments and Testimony

	o  Board Comments
	o  Consideration of Resolution 2020-09, Adopting a Fiscal Year 2020-2021

	Budget and Appropriating Funds

4.	Public Hearing on the Imposition of Special Assessments to Fund the District’s Fiscal Year 2020-2021 Budget

	o Public Comments and Testimony o Board Comments
	o  Consideration of Resolution 2020-10, Adopting an Assessment Roll for
	Fiscal Year 2020-2021 and Certifying Special Assessments for Collection

5.	Consideration of Resolution 2020-11, Accepting the District Engineer’s Certificate Declaring the Series 2019 Project Complete
6.	Consideration of PFM Fee Increase Letter

7.	Consideration of First Amendment to Agreement between the District and VGlobalTech for Website Services
8.	Ratification of Payment Authorization Nos. 85 – 91

9.  Review of Monthly Financials

Other Business
Staff Reports

District Counsel
District Engineer
District Manager

Supervisor Requests and Audience Comments

Adjournment

pfm

STATE OF FLORIDA

OFFICE OF THE GOVERNOR

EXECUTIVE ORDER NUMBER 20-150

(Emergency Management - COVID-19- Local Government Public Meetings)

WHEREAS, Executive Order 20-69, as extended by Executive Order 20-112, Executive

Order 20-123 and Executive Order 20-139, expires on June 30, 2020, unless extended.

NOW, THEREFORE, I, RON DESANTIS, as Governor of Florida, by virtue of the

authority vested in me by Article IV, Section (l)(a) of the Florida Constitution, Chapter 252,

Florida Statutes, and all other applicable laws, promulgate the following Executive Order to take

immediate effect:

Section 1. I hereby extend Executive Order 20-69, as extended by Executive Orders 20-

121 , 20-123 and 20-139, until 12:01 a.m. on August 1, 2020.

IN TESTIMONY WHEREOF, I have hereunto

set my hand and caused the Great Seal of the

State of Florida to be affixed, at Tallahassee, this

23rd day o	e, 2020.	

ATTEST:
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Lakeside Preserve
Community Development District

Minutes

MINUTES OF MEETING

LAKESIDE PRESERVE COMMUNITY DEVELOPMENT DISTRICT

BOARD OF SUPERVISORS’ MEETING

Thursday, May 15, 2020 at 11:35 a.m.

Via conference call due to the COVID-19 Executive Order 20-69.

Board Members present at roll call:			
Lee Saunders	Chairman	(via phone)	
Brian Walsh	Assistant Secretary	(via phone)	
Jeffery Shenefield	Assistant Secretary	(via phone)	
Dan Lewis	Assistant Secretary	(via phone)	
Also Present:			
Jane Gaarlandt	PFM Group Consulting LLC	(via phone)	
Christina Hanna	PFM Group Consulting LLC	(via phone)	
Jennifer Glasgow	PFM Group Consulting LLC	(via phone)	
Amanda Lane	PFM Group Consulting LLC	(via phone)	
Dexter Glasgow	PFM Group Consulting LLC	(via phone)	
Michelle Rigoni	Hopping Green & Sams, P.A.	(via phone)	
Roy Van Wyk	Hopping Green & Sams, P.A.	(via phone)	
Todd Amaden	District Engineer	(via phone)	
FIRST ORDER OF BUSINESS	Call to Order and Roll Call	

The meeting was called to order at approximately 11:35 a.m. Those in attendance are outlined above.

SECOND ORDER OF BUSINESS

Public Comment Period

There were no public comments.

THIRD ORDER OF BUSINESS

Consideration of Minutes of the January 9, 2020 Board of Supervisors Meeting

The Board reviewed the minutes of the January 9, 2020 Board of Supervisors Meeting.

Page 1 of 5

ON MOTION by Mr. Saunders, seconded by Mr. Shenefield, with all in favor, the Board approved the minutes of the January 9, 2020 Board of Supervisors Meeting.

FOURTH ORDER OF BUSINESS

Consideration of Letter from Supervisor of Election Regarding Qualified Electors

Ms. Gaarlandt noted as of April 15, 2020 there are 39 registered voters living within the District.

FIFTH ORDER OF BUSINESS

Consideration of Resolution 2020-06, Approving a Proposed Budget for Fiscal Year 2020-2021 and Setting a Public Hearing Date Thereon

District staff suggested July 16, 2020 as the public hearing date for the adoption of the fiscal Year 2020-2021 Budget at the Highland offices.

There is a proposed increase to the Budget of $50,000.00. A discussion took place regarding the scope of work for the landscaping and the responsibilities of the District vs. the HOA. The Board discussed that the District maintain the tracts and HOA maintain the right-of-way. The maintenance person is sending the HOA bills to the CDD.

Ms. Gaarlandt noted that the current gross assessment per platted lot is $645.16 and the assessment for unplatted lots is $150.16. Ms. Glasgow explained the Phase 1 platted lots are a total of $800,139.26 for a net assessment of $593.62. it would be reduced slightly. The Phase 2 and Phase 3 unplatted lots would be at .5 ERU and those would be at $296.81 per ERU and would increase. A lengthy discussion took place. Mr. Van Wyk noted the District can come up with any number of methods the Board wants to fund the Budget. The proposed budget is a cap amount and can be reduced prior to adoption but cannot be increased after today.

Ms. Glasgow explained why the assessment for the platted lots is going down and the assessments for the unplatted lots are going up. Last year the Board decided that they were going to have the platted lots take on more to get each lot to have a net assessment of $600.00 per lot. If they had not have done that, it would have been about $400.00 per lot. The platted amount last year was $81,000.00. This year by running it through an allocation based on the ERU of 1 and the unplatted

Page 2 of 5

at 0.5. it is a little less than $81,000.00 it is $80,139.26 is the portion going to the platted lots. That is why it is reducing the assessment slightly. The unplatted lots is getting more of the assessment that they didn’t last year.

Ms. Glasgow explained the history of the ERU for unplatted land and how she came up with the number. It is either from the Debt Service allocation or the Board’s determination to use the ERU calculation for the year. A discussion took place regarding a possible Deficit Funding Agreement if necessary.

Ms. Gaarlandt requested approval by the Board of the Proposed Budget so District staff can submit it to the County in order to move forward with the public hearing. Mr. Van Wyk stated District staff took the budget and figured how much it would be if they cut out everything not related to the platted lots and the administrative costs associated with that. A lengthy discussion took place regarding assessments. Mr. Van Wyk recommended the Board approve the Resolution today because the District has to send this to the County and the City 60 days before the public hearing and continue today’s meeting or wait to the June meeting to discuss the assessment portion.

ON MOTION by Mr. Saunders, seconded by Mr. Walsh, with all in favor, the Board approved Resolution 2020-06, Approving a Proposed Budget for Fiscal Year 2020-2021 and Setting a Public Hearing Date for July 16, 2020.

SIXTH ORDER OF BUSINESS

Consideration of Resolution 2020-07, Adopting Internal Controls Policy

Mr. Van Wyk presented the Internal Controls Policy. The polices are already in place but by Statute the District is required to adopt a policy.

ON MOTION by Mr. Saunders, seconded by Mr. Lewis, with all in favor, the Board approved Resolution 2020-07, Adopting Internal Controls Policy

SEVENTH ORDER OF BUSINESS

Ratification of Fiscal Year 2019 Auditor Engagement Letter

Ms. Gaarlandt explained the Audit Engagement Letter is in accordance with the previous proposal from the Auditor. The Audit is currently undergoing. There were some changes to the language as it was updated from previous years.

Page 3 of 5

ON MOTION by Mr. Lewis, seconded by Mr. Saunders, with all in favor, the Board ratified the Fiscal Year 2019 Auditor Engagement Letter.

EIGHTH ORDER OF BUSINESS

Ratification of Payment Authorization Nos. 69 - 84

The Board reviewed Payment Authorization Nos. 69 - 84. Ms. Gaarlandt noted these have previously been approved by the Chair and just need to be ratified by the Board.

ON MOTION by Mr. Lewis, seconded by Mr. Saunders, with all in favor, the Board ratified Payment Authorization Nos. 69- 84.

NINTH ORDER OF BUSINESS	Review of Monthly Financials

The Board reviewed the Monthly Financials. There was no action required by the Board.

TENTH ORDER OF BUSINESS	Staff Reports	
District Counsel –	No Report		
District Engineer –	Mr. Amaden explained Ms. Lane sent him an email from the Auditors with	
	three questions asking if the assets have been conveyed, if they have	
	been put in service, and if the project as certified complete. He responded	
	some of the assets have been conveyed, they have been put into service	
	but he doesn’t see where the project has been certified complete. He	
	asked Ms. Gaarlandt if she can check on that. She did not recall that either.	
	He said if not the District must follow through and do that. Mr. Van Wyk	
	stated as of the financing acquisition they were still working on sidewalks.	
	If it is complete the District can move forward to certify the project	
	complete. Mr. Van Wyk will get the form letters put together and the	
	resolutions. Mr. Van Wyk explained when a project is officially complete	
	the District is required by the financing documents to declare the project	
	complete and finalize assessments.	

Page 4 of 5

District Manager –

No Report

ELEVENTH ORDER OF BUSINESS

Supervisor Requests and Audience Comments

Issues were brought up related to landscaping and the irrigation system and mulch in the median. He asked if he should request bids from the landscaping. Mr. Glasgow replied he was in touch with the current vendor yesterday to bring him up to date on the email chain related to that issue and what the expectation is from the District. Mr. Glasgow stated he will keep on eye on this as the current contract does include maintenance of that area but it is not up to the standard of what the Board and District staff expects. That is the area where the irrigation was damaged and there will be some recovery time. The District should be further along with mulching and getting the appearance back up. Mr. Glasgow should hear from the vendor regarding mulching soon.

TWELFTH ORDER OF BUSINESS	Adjournment

Ms. Gaarlandt requested a motion to adjourn the meeting.

ON MOTION by Mr. Saunders seconded by Mr. Shenefield with all in favor, the May 14, 2020 Board of Supervisor’s Meeting for the Lakeside Preserve Community Development District was adjourned.

___________________________ Secretary / Assistant Secretary

__________________________

Chairman / Vice Chairman

Page 5 of 5

Lakeside Preserve
Community Development District

Resolution 2020-08

Lakeside Preserve
Community Development District

Resolution 2020-08

(provided under separate cover)

Lakeside Preserve
Community Development District

District’s Fiscal Year 2020-2021 Budget

Lakeside Preserve
Community Development District

Resolution 2020-09

RESOLUTION 2020-09

THE ANNUAL APPROPRIATION RESOLUTION OF THE LAKESIDE PRESERVE COMMUNITY DEVELOPMENT DISTRICT (“DISTRICT”) RELATING TO THE ANNUAL APPROPRIATIONS AND ADOPTING THE BUDGET(S) FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2020, AND ENDING SEPTEMBER 30, 2021; AUTHORIZING BUDGET AMENDMENTS; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the District Manager has, prior to the fifteenth (15th) day in June, 2020, submitted to the Board of Supervisors (“Board”) of the Lakeside Preserve Community Development District (“District”) proposed budget(s) (“Proposed Budget”) for the fiscal year beginning October 1, 2020 and ending September 30, 2021 (“Fiscal Year 2020/2021”) along with an explanatory and complete financial plan for each fund of the District, pursuant to the provisions of Section 190.008(2)(a), Florida Statutes; and

WHEREAS, at least sixty (60) days prior to the adoption of the Proposed Budget, the District filed a copy of the Proposed Budget with the local governing authorities having jurisdiction over the area included in the District pursuant to the provisions of Section 190.008(2)(b), Florida Statutes; and

WHEREAS, the Board set a public hearing thereon and caused notice of such public hearing to be given by publication pursuant to Section 190.008(2)(a), Florida Statutes; and

WHEREAS, the District Manager posted the Proposed Budget on the District’s website at least two days before the public hearing; and

WHEREAS, Section 190.008(2)(a), Florida Statutes, requires that, prior to October 1st of each year, the Board, by passage of the Annual Appropriation Resolution, shall adopt a budget for the ensuing fiscal year and appropriate such sums of money as the Board deems necessary to defray all expenditures of the District during the ensuing fiscal year; and

WHEREAS, the District Manager has prepared a Proposed Budget, whereby the budget shall project the cash receipts and disbursements anticipated during a given time period, including reserves for contingencies for emergency or other unanticipated expenditures during the fiscal year.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE LAKESIDE PRESERVE COMMUNITY DEVELOPMENT DISTRICT:

SECTION 1.	BUDGET

1

a.	The Board has reviewed the Proposed Budget, a copy of which is on file with the office of the District Manager and at the District’s Local Records Office, and hereby approves certain amendments thereto, as shown in Section 2 below.

b.	The Proposed Budget, attached hereto as Exhibit “A,” as amended by the Board, is hereby adopted in accordance with the provisions of Section 190.008(2)(a), Florida Statutes (“Adopted Budget”), and incorporated herein by reference; provided, however, that the comparative figures contained in the Adopted Budget may be subsequently revised as deemed necessary by the District Manager to reflect actual revenues and expenditures.

c.	The Adopted Budget, as amended, shall be maintained in the office of the District Manager and at the District’s Local Records Office and identified as “The Budget for the Lakeside Preserve Community Development District for the Fiscal Year Ending September 30, 2021.”

d.	The Adopted Budget shall be posted by the District Manager on the District’s official website within thirty (30) days after adoption, and shall remain on the website for at least 2 years.

SECTION 2.	APPROPRIATIONS

There is hereby appropriated out of the revenues of the District, for Fiscal Year 2020/2021, the sum of $424,709.39 to be raised by the levy of assessments and/or otherwise, which sum is deemed by the Board to be necessary to defray all expenditures of the District during said budget year, to be divided and appropriated in the following fashion:

TOTAL GENERAL FUND	$161,150.00	
DEBT SERVICE FUND (SERIES 2019)	$263,559.39	
			
TOTAL ALL FUNDS	$424,709.39	

SECTION 3.	BUDGET AMENDMENTS

Pursuant to Section 189.016, Florida Statutes, the District at any time within Fiscal Year 2020/2021 or within 60 days following the end of the Fiscal Year 2020/2021 may amend its Adopted Budget for that fiscal year as follows:

a.	The Board may authorize an increase or decrease in line item appropriations within a fund by motion recorded in the minutes if the total appropriations of the fund do not increase.

2

b.	The District Manager or Treasurer may authorize an increase or decrease in line item appropriations within a fund if the total appropriations of the fund do not increase and if the aggregate change in the original appropriation item does not exceed $10,000 or 10% of the original appropriation.

c.	By resolution, the Board may increase any appropriation item and/or fund to reflect receipt of any additional unbudgeted monies and make the corresponding change to appropriations or the unappropriated balance.

d.	Any other budget amendments shall be adopted by resolution and consistent with Florida law.

The District Manager or Treasurer must establish administrative procedures to ensure that any budget amendments are in compliance with this Section 3 and Section 189.016, Florida Statutes, among other applicable laws. Among other procedures, the District Manager or Treasurer must ensure that any amendments to budget under subparagraphs c. and d. above are posted on the District’s website within 5 days after adoption and remain on the website for at least 2 years.

SECTION 4. EFFECTIVE DATE. This Resolution shall take effect immediately upon adoption.

PASSED AND ADOPTED THIS 16TH DAY OF JULY, 2020.

ATTEST:

LAKESIDE PRESERVE COMMUNITY

DEVELOPMENT DISTRICT

Secretary/Assistant Secretary	Chairperson, Board of Supervisors

3

Lakeside Preserve
Community Development District

Special Assessments to Fund the District’s Fiscal Year 2020-2021 Budget

Lakeside Preserve
Community Development District

Resolution 2020-10

RESOLUTION 2020-10

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE LAKESIDE PRESERVE COMMUNITY DEVELOPMENT DISTRICT MAKING A DETERMINATION OF BENEFIT AND IMPOSING SPECIAL ASSESSMENTS FOR FISCAL YEAR 2020/2021;

PROVIDING FOR THE COLLECTION AND ENFORCEMENT OF SPECIAL ASSESSMENTS, INCLUDING BUT NOT LIMITED TO PENALTIES AND INTEREST THEREON; CERTIFYING AN ASSESSMENT ROLL; PROVIDING FOR AMENDMENTS TO THE ASSESSMENT ROLL; PROVIDING A SEVERABILITY CLAUSE; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the Lakeside Preserve Community Development District (“District”) is a local unit of special-purpose government established pursuant to Chapter 190, Florida Statutes, for the purpose of providing, operating and maintaining infrastructure improvements, facilities and services to the lands within the District; and

WHEREAS, the District is located in Polk County, Florida (“County”); and

WHEREAS, the District has constructed or acquired various infrastructure improvements and provides certain services in accordance with the District’s adopted capital improvement plan and Chapter 190, Florida Statutes; and

WHEREAS, the Board of Supervisors (“Board”) of the District hereby determines to undertake various operations and maintenance and other activities described in the District’s budget (“Adopted Budget”) for the fiscal year beginning October 1, 2020 and ending September 30, 2021 (“Fiscal Year 2020/2021”), attached hereto as Exhibit “A;” and

WHEREAS, the District must obtain sufficient funds to provide for the operation and maintenance of the services and facilities provided by the District as described in the Adopted Budget; and

WHEREAS, the provision of such services, facilities, and operations is a benefit to lands within the District; and

WHEREAS, Chapter 190, Florida Statutes, provides that the District may impose special assessments on benefitted lands within the District; and

WHEREAS, it is in the best interests of the District to proceed with the imposition of the special assessments for operations and maintenance in the amount set forth in the Adopted Budget; and

WHEREAS, the District has previously levied an assessment for debt service, which the District desires to collect for Fiscal Year 2020/2021; and

WHEREAS, Chapter 197, Florida Statutes, provides a mechanism pursuant to which such special assessments may be placed on the tax roll and collected by the local tax collector (“Uniform Method”), and the District has previously authorized the use of the Uniform Method by, among other things, entering into agreements with the Property Appraiser and Tax Collector of the County for that purpose; and

WHEREAS, it is in the best interests of the District to adopt the assessment roll (“Assessment Roll”) attached to this Resolution as Exhibit “B,” and to certify the portion of the Assessment Roll related to certain developed property (“Tax Roll Property”) to the County Tax Collector pursuant to the Uniform Method and to directly collect the portion of the Assessment Roll relating to the remaining property (“Direct Collect Property”), all as set forth in Exhibit “B;” and

WHEREAS, it is in the best interests of the District to permit the District Manager to amend the Assessment Roll adopted herein, including that portion certified to the County Tax Collector by this Resolution, as the Property Appraiser updates the property roll for the County, for such time as authorized by Florida law.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE LAKESIDE PRESERVE COMMUNITY DEVELOPMENT DISTRICT:

SECTION 1. BENEFIT & ALLOCATION FINDINGS. The provision of the services, facilities, and operations as described in Exhibit “A” confers a special and peculiar benefit to the lands within the District, which benefit exceeds or equals the cost of the assessments. The allocation of the assessments to the specially benefitted lands is shown in Exhibits “A” and “B,” and is hereby found to be fair and reasonable.

SECTION 2. ASSESSMENT IMPOSITION. Pursuant to Chapters 170, 190 and 197, Florida Statutes, and using the procedures authorized by Florida law for the levy and collection of special assessments, a special assessment for operation and maintenance is hereby imposed and levied on benefitted lands within the District and in accordance with Exhibits “A” and “B.” The lien of the special assessments for operations and maintenance imposed and levied by this Resolution shall be effective upon passage of this Resolution.

SECTION 3.	COLLECTION AND ENFORCEMENT; PENALTIES; INTEREST.

A.	Tax Roll Assessments. The operations and maintenance special assessments and previously levied debt service special assessments imposed on the Tax Roll Property shall be collected at the same time and in the same manner as County taxes in accordance with the Uniform Method, as set forth in Exhibits “A” and “B.”

B.	Direct Bill Assessments. The operations and maintenance special assessments and previously levied debt service special assessments imposed on the Direct Collect Property shall be collected directly by the District in accordance with Florida law, as

set forth in Exhibits “A” and “B.” Assessments directly collected by the District are due in full on December 1, 2020; provided, however, that, to the extent permitted by law, the assessments due may be paid in several partial, deferred payments and according to the following schedule: 50% due no later than December 1, 2020, 25% due no later than February 1, 2021 and 25% due no later than May 1, 2021. In the event that an assessment payment is not made in accordance with the schedule stated above, the whole assessment – including any remaining partial, deferred payments for Fiscal Year 2020/2021, shall immediately become due and payable; shall accrue interest, penalties in the amount of one percent (1%) per month, and all costs of collection and enforcement; and shall either be enforced pursuant to a foreclosure action, or, at the District’s sole discretion, collected pursuant to the Uniform Method on a future tax bill, which amount may include penalties, interest, and costs of collection and enforcement. Any prejudgment interest on delinquent assessments shall accrue at the rate of any bonds secured by the assessments, or at the statutory prejudgment interest rate, as applicable. In the event an assessment subject to direct collection by the District shall be delinquent, the District Manager and District Counsel, without further authorization by the Board, may initiate foreclosure proceedings pursuant to Chapter 170, Florida Statutes, or other applicable law to collect and enforce the whole assessment, as set forth herein.

C.	Future Collection Methods. The decision to collect special assessments by any particular method – e.g., on the tax roll or by direct bill – does not mean that such method will be used to collect special assessments in future years, and the District reserves the right in its sole discretion to select collection methods in any given year, regardless of past practices.

SECTION 4. ASSESSMENT ROLL. The Assessment Roll, attached to this Resolution as Exhibit “B,” is hereby certified for collection. That portion of the Assessment Roll which includes the Tax Roll Property is hereby certified to the County Tax Collector and shall be collected by the County Tax Collector in the same manner and time as County taxes. The proceeds therefrom shall be paid to the District.

SECTION 5. ASSESSMENT ROLL AMENDMENT. The District Manager shall keep apprised of all updates made to the County property roll by the Property Appraiser after the date of this Resolution, and shall amend the Assessment Roll in accordance with any such updates, for such time as authorized by Florida law, to the County property roll. After any amendment of the Assessment Roll, the District Manager shall file the updates in the District records.

SECTION 6. 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.

SECTION 7. EFFECTIVE DATE. This Resolution shall take effect upon the passage and adoption of this Resolution by the Board.

PASSED AND ADOPTED this 16th day of July, 2020.

ATTEST:		LAKESIDE PRESERVE COMMUNITY	
		DEVELOPMENT DISTRICT	
_____________________________		
Secretary / Assistant Secretary	Chairperson, Board of Supervisors	
Exhibit A:	Budget		
Exhibit B:	Assessment Roll (Uniform Method)		
	Assessment Roll (Direct Collect)		

Lakeside Preserve CDD

FY 2021 Proposed O&M Budget

								Year To Date											
				Actual Through			Anticipated			Anticipated			FY 2020			FY 2021		
													Adopted			Proposed		
					05/31/2020			June - Sep.		Total FY 2020								
													Budget			Budget		
																			
Revenues																
				$	99,993.75	$	26,531.25	$	126,525.00	$	126,525.00	$	161,150.00		
Off-Roll Assessments												
Net Revenues																
	$	99,993.75		$	26,531.25		$	126,525.00		$	126,525.00		$	161,150.00		
General & Administrative Expenses																
Supervisor Fees		$	2,400.00	$	2,400.00	$	4,800.00	$	2,400.00	$	7,200.00		
D&O Insurance		2,306.00			-			2,306.00			2,475.00			2,500.00		
Trustee Services		-			2,000.00			2,000.00			6,000.00			6,000.00		
Management		13,333.36			6,666.64			20,000.00			20,000.00			25,000.00		
Engineering		375.00			187.50			562.50			5,000.00			5,000.00		
Dissemination Agent		5,000.00			-			5,000.00			5,000.00			5,000.00		
District Counsel		11,093.30			5,546.65			16,639.95			12,000.00			20,000.00		
Assessment Administration		7,500.00			-			7,500.00			7,500.00			7,500.00		
Reamortization Schedules		-			250.00			250.00			250.00			250.00		
Audit		2,500.00			-			2,500.00			5,000.00			5,000.00		
Travel and Per Diem		124.31			62.16			186.47			500.00			500.00		
Telephone		-			66.67			66.67			200.00			200.00		
Postage & Shipping		259.80			129.90			389.70			300.00			300.00		
Copies		-			166.67			166.67			500.00			500.00		
Legal Advertising		1,105.57			552.79			1,658.36			3,000.00			3,000.00		
Miscellaneous		5.50			2.75			8.25			2,500.00			2,500.00		
Web Site Maintenance		1,300.00			1,400.00			2,700.00			2,700.00			2,700.00		
Dues, Licenses, and Fees		175.00			-			175.00			175.00			175.00		
Electric		920.38			460.19			1,380.57			-			2,000.00		
Aquatic Contract		9,600.00			2,900.00			12,500.00			8,000.00			8,700.00		
General Insurance		2,819.00			-			2,819.00			3,025.00			3,025.00		
Property & Casualty Insurance		-			-			-			-			3,000.00		
Irrigation		-			-			-			-			2,000.00		
Landscaping Maintenance & Material		41,975.00			1,128.23			43,103.23			40,000.00			44,400.00		
Hurricane Clean-Up		-			-			-			-			5,000.00		
Total General & Administrative Expenses													
	$	102,792.22		$	23,920.13		$	126,712.35		$	126,525.00		$	161,450.00		
	Total Expenses	$	102,792.22		$	23,920.13		$	126,712.35		$	126,525.00		$	161,450.00		
	Income (Loss) from Operations	$	(2,798.47)	$	2,611.12	$	(187.35)	$	-	$	(300.00)		
Other Income (Expense)																
Interest Income		$	124.90	$	62.45	$	187.35	$	-	$	300.00		
Total Other Income (Expense)													
	$	124.90		$	62.45		$	187.35		$	-		$	300.00		
	Net Income (Loss)													
		$	(2,673.57)		$	2,673.57		$	-		$	-		$	-		

Page 1 of 1

Lakeside Preserve Community Development District

FY 2021 Proposed Debt Service Budget

			FY 2021		
			Proposed		
			DS Budget		
REVENUES:				
Series 2019		$	263,559.39		
TOTAL REVENUES	$	263,559.39		
EXPENDITURES:				
				
Series 2019	- Interest 11/1/2020	$	71,509.38		
Series 2019	- Interest 5/1/2021		71,509.38		
Series 2019	- Principal 5/1/2021		50,000.00		
TOTAL EXPENDITURES	$	193,018.76		
				
EXCESS REVENUES (Series 2019 - Interest 11/1/2021)	$	70,540.63		

Page 1 of 1

Lakeside Preserve
Community Development District

Resolution 2020-11

RESOLUTION 2020-11

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE LAKESIDE PRESERVE COMMUNITY DEVELOPMENT DISTRICT ACCEPTING THE CERTIFICATION OF THE DISTRICT ENGINEER THAT THE SERIES 2019 PROJECT IS COMPLETE; DECLARING THE SERIES 2019 PROJECT COMPLETE; FINALIZING THE SPECIAL ASSESSMENTS SECURING THE DISTRICT’S SERIES 2019 BONDS; PROVIDING FOR A SUPPLEMENT TO THE IMPROVEMENT LIEN BOOK; PROVIDING FOR SEVERABILITY, CONFLICTS, AND AN EFFECTIVE DATE.

WHEREAS, the Lakeside Preserve Community Development District (“District”) was established by Ordinance No. 5475 adopted on November 3, 2014, by the City Commission of the City of Lakeland, Florida (“City”), for the purpose of providing infrastructure improvements, facilities, and services to the lands within the District as provided in Chapter 190, Florida Statutes; and

WHEREAS, the Board of Supervisors (the “Board”) of the District adopted Resolution No. 2018-17 on January 5, 2018, authorizing the issuance of not to exceed $23,000,000 in aggregate principal amount of its Special Assessment Bonds to finance all or a portion of the design, acquisition and construction costs of certain improvements pursuant to the Act;

WHEREAS, the District duly authorized and issued Lakeside Preserve Community Development District Special Assessment Bonds, Series 2019 (the “Series 2019 Bonds ”), for the purpose of funding the construction, installation, and acquisition of public infrastructure, improvements, and services; and

WHEREAS, the Series 2019 Bonds financed a portion of the District’s master project infrastructure (the “Series 2019 Project”), as such is further identified and described in that certain Engineer’s Report, dated December 2017, which is attached to this Resolution as Exhibit A (the “Engineer’s Report”); and

WHEREAS, the Engineer’s Report estimates capital costs totaling $6,000,000 for the Series 2019 Project (the “Total Project Costs”); and

WHEREAS, pursuant to the terms of the Master Assessment Methodology Report, dated January 4, 2018, as supplemented by the Supplemental Assessment Methodology Report, Series 2019 Bonds, dated March 2019, attached to this Resolution as Composite Exhibit B (together, the “Assessment Methodology”), the estimated total costs of the Series 2019 Project to be funded by the sale of bonds and secured by assessments, inclusive of capital costs, financing costs, capitalized interest, reserve funds, original issue discounts, and contingencies totaled approximately $3,520,000; and

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WHEREAS, on January 8, 2018 the Board adopted Resolution 2018-15, declaring that such Total Project Costs would be defrayed by the imposition of special assessments pursuant to Chapters 170 and 190, Florida Statutes, and that such special assessments would be paid in annual installments commencing in the year in which the special assessments were confirmed; and

WHEREAS, on February 8, 2018, the Board, after notice and public hearing, met as an Equalizing Board pursuant to the provision of Section 170.08, Florida Statutes, and adopted Resolution 2018-18, as supplemented by Resolution 2019-03, adopted on April 11, 2019, authorizing the projects described therein, equalizing and levying special assessments to defray all or a portion of the Total Project Costs and providing that this levy shall be a lien on the property so assessed co-equal with the lien of all state, county, district, municipal or other governmental taxes, all in accordance with Section 170.08, Florida Statutes; and

WHEREAS, the Series 2019 Project specially benefits the developable acreage in the District as set forth in Resolution 2018-18 and the Assessment Methodology, and it is reasonable, proper, just and right to assess the portion of the costs of the Series 2019 Project financed with the Series 2019 Bonds to the specially benefitted properties within the District as set forth in Resolution 2018-18 and this Resolution; and

WHEREAS, pursuant to Chapter 170, Florida Statutes, and the Master Trust Indenture dated April 1, 2019 (the “Master Indenture”), as supplemented by that First Supplemental Trust Indenture dated April 1, 2019 (the “First Supplemental Indenture” and, together with the Master Indenture, the “ Indenture”) both by and between the District and U.S. Bank National Association, as Trustee, the District Engineer executed and delivered a Certificate of Completion of the Series 2019 Project dated July 8, 2020, (the “Engineer’s Certification”) attached hereto as Exhibit C, wherein the District Engineer certified the Series 2019 Project to be complete; and

WHEREAS, upon receipt of and in reliance upon the Engineer’s Certification evidencing the completion date of the Series 2019 Project as described above, the Board desires to certify the Series 2019 Project complete in accordance with the Indenture; and

WHEREAS, the actual costs incurred to complete the Series 2019 Project exceeded all amounts on deposit in the Series 2019 Acquisition and Construction Account within the Acquisition and Construction Fund. The remaining balance of Seven Hundred Sixty-Three Dollars and Four Cents ($763.04) in the Series 2019 Acquisition and Construction Account, is hereby reserved by the District for the payment of any remaining part of the Costs related to the Series 2019 Project.

NOW, THEREFORE, be it resolved by the Board of Supervisors of the Lakeside Preserve Community Development District:

SECTION 1. RECITALS. The recitals so stated are true and correct and by this reference are incorporated into and form a material part of this Resolution.

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S ECTION 2. AUTHORITY FOR THIS RESOLUTION. This Resolution is adopted pursuant to Chapters 170 and 190, Florida Statutes, and in accordance with the provisions of Resolution 2018-18, as supplemented.

SECTION 3. ACCEPTANCE AND CERTIFICATION OF COMPLETION OF THE SERIES
2019 PROJECT. The Board of Supervisors hereby accepts the Engineer’s Certification, attached hereto as Exhibit C, certifying the Series 2019 Project complete and upon reliance thereon, certifies the Series 2019 Project complete in accordance with Resolution 2018-18 and the Indenture. The Completion Date, as that term is defined in the Indenture, for the Series 2019 Project shall be the date of the Engineer’s Certification.

SECTION 4. FINALIZATION OF SPECIAL ASSESSMENTS SECURING SERIES 2019
BONDS. Pursuant to Section 170.08, Florida Statutes, and Resolution 2018-18, special assessments securing the Series 2019 Bonds are to be credited the difference in the assessment as originally made, approved, and confirmed and the proportionate part of the total actual costs of the Series 2019 Project. The remaining balance of Seven Hundred Sixty-Three Dollars and Four Cents ($763.04) in the Series 2019 Acquisition and Construction Account, is hereby reserved by the District for the payment of any remaining part of the Cost of the Series 2019 Project. Exhibit D attached hereto and incorporated herein by this reference reflects the amortization schedule of the Series 2019 Bonds after the closing of the Series 2019 Acquisition and Construction Account within the Series 2019 Acquisition and Construction Fund. As provided in Resolution 2018-18, the assessments levied reflect the outstanding debt due on the Series 2019 Bonds. Pursuant to Section 170.08, Florida Statutes, and Resolution 2018-18, the special assessments on parcels specially benefitted by the Series 2019 Project are hereby finalized in accordance with the Assessment Methodology, attached hereto as Composite Exhibit B, which reflects the assessments on the parcels benefitted by the Series 2019 Bonds.

SECTION 5. IMPROVEMENT LIEN BOOK. Immediately following the adoption of this Resolution, these special assessments as reflected herein shall be recorded by the Secretary of the Board of the District in the District’s “Improvement Lien Book.” The special assessment or assessments against each respective parcel shall be and shall remain a legal, valid and binding first lien on such parcel until paid and such lien shall be co-equal with the lien of all state, county, district, municipal or other governmental taxes and superior in dignity to all other liens, titles, and claims.

S ECTION 6. OTHER PROVISIONS REMAIN IN E FFECT. This Resolution is intended to supplement Resolution 2018-18, which remains in full force and effect. This Resolution and Resolution 2018-18 shall be construed to the maximum extent possible to give full force and effect to the provisions of each resolution.

SECTION 7. SEVERABILITY. If any section or part of a section of this resolution be declared invalid or unconstitutional, the validity, force and effect of any other section or part of a section of this resolution shall not thereby be affected or impaired unless it

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clearly appears that such other section or part of a section of this resolution is wholly or necessarily dependent upon the section or part of a section so held to be invalid or unconstitutional.

SECTION 8. CONFLICTS. All resolutions or parts thereof in conflict herewith are, to the extent of such conflict, superseded and repealed.

SECTION 9. EFFECTIVE DATE. This Resolution shall become effective upon its adoption.

[Remainder of page intentionally left blank]

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APPROVED AND ADOPTED this 16th  day of July, 2020.

ATTEST:

LAKESIDE PRESERVE
COMMUNITY DEVELOPMENT

DISTRICT

Secretary/Assistant Secretary	Chairperson, Board of Supervisors

Exhibit A:	Engineer’s Report, dated December 2017
Comp. Exhibit B:	Master Assessment Methodology Report, dated January 4, 2018, as supplemented by the Supplemental Assessment Methodology Report, Series 2019 Bonds, dated March 2019

Exhibit C:	Engineer’s Certification, dated July 8, 2020
Exhibit D:	Amortization Schedule of the Series 2019 Bonds

5

EXHIBIT A

Engineer’s Report, dated December 2017

6

COMPOSITE EXHIBIT B

Master Assessment Methodology Report, dated January 4, 2018, as supplemented by the Supplemental Assessment Methodology Report, Series 2019 Bonds, dated March 2019

7

EXHIBIT C

Engineer’s Certification, dated July 8, 2020

8

EXHIBIT D

Amortization Schedule of the Series 2019 Bonds

9

LAKESIDE PRESERVE

COMMUNITY

DEVELOPMENT

DISTRICT

DISTRICT

ENGINEER'S CERTIFICATE OF COMPLETION SERIES 2019 PROJECT

OF

THE

July 8,

Lakeside Preserve Community Development c/o PFM Group Consulting LLC 12051 Corporate Boulevard Orlando, Florida 32817

2020

District

Re:

Certification of Completion

Lakeside Preserve Community Development District
Series 2019 Bonds- Series 2019 Project

This certificate is furnished  in accordance with  Section	5.01 (c) of the Master	
Trust Indenture dated April  1, 2019 (the "Master Indenture"),	between the Lakeside	
Preserve Community Development District (the "District" or "Issuer") and U.S. Bank	
National Association (the "Trustee") and is intended to evidence the completion of the	
Series 2019 Project, as both terms are defined in the Master Indenture, as supplemented	
by that certain First Supplemental Trust Indenture dated April 1, 2019 (together with the	
Master Indenture, the "Indenture"), and as further described in that certain Engineer's	
Report, dated December 2017 and undertaken by the District.  All capitalized terms used	
herein shall have the meaning ascribed to them in the Indenture.		

I.

II.

III.

The Series 2019 Project has been completed in substantial compliance with the specifications therefore and all labor, services, materials, and supplies used in the Series 2019 Project have been paid for and acknowledgments of such payments have been obtained from all contractors and suppliers.

All other facilities necessary in connection with the Series 2019 Project have been constructed, acquired, and installed in accordance with the specifications therefore and all costs and expenses incurred in connection therewith ("Cost") have been paid or adequate provision has been made for such payment by the District.

All plans, permits and specification necessary f~r the operation and maintenance of the improvements made pursuant to the Series 2019 Project are complete and on file with the District Engineer or have been transferred to the appropriate governmental entity having charge of such operation and maintenance.

IV.	The remaining balance of Seven Hundred Sixty-Three Dollars and Four Cents

($763.04) in the Series 2019 Acquisition and Construction Account,  is hereby
reserved by the Issuer for the payment of any remaining part of the Cost of the

Series 2019 Project. The total Cost of the Series 2019 Project was greater than the

amount deposited in the Series 20 19 Acquisition and Construction Account within the Acquisition and Construction Fund.

This Certificate is given without prejudice to any rights against third parties which exist as of the date of this Certificate or which may subsequently come into being.

Dated: __/_/..__f3~/~'2v_2-i:::>_

LANDMARK ENGIN

CORPORATION

~
By: Todd C. Amaden, P. E., District Engineer

STATE OF FLORIDA
COUNTY OF	H,u..,j&}((. l)u~ +I

The foregoing instrument was acknowledged before me by means o~	hysical presence or D
on line notarization, this  cg:t!'I	day of	:J"uu /	, 2020, by Todd C. Amaden, P.E.,
as  District Engineer for the Lakeside Preserve C""	unity De~elopment District.
L~:f"'- LJl.j
A  (0 ~al NotaA' Signature)

,,,-;_~V'lt1t,,	CHRISTINA CLARK
g:+rJ;'<t\Notary Publip,-State of Florida ~~\tiftft110~/tl~ltlo # GG 344397 -,,J,Jo,.,o~~-~ My Commission Expires
111111	June 12, 2023		
''			

Name:	LHK'.1ST1JvA	l'LA,<K-
Personally Known --'t?+------	-----
OR Produced Identification __________
Type of Identification ____________

2

Lakeside Preserve
Community Development District

PFM Fee Increase Letter

0

pfm

12051 Corporate Blvd. Orlando, FL 32817 407.723.5900

pfm.com

July 10, 2020

Mr. Saunders
Chairman of the Board of Supervisors

Lakeside Preserve Community Developement District
12051 Corporate Boulevard
Orlando, FL 32817

Dear Mr. Saunders:

Thank you for the opportunity to continue serving as District Manager to the Lakeside Preserve Community Development District (the ”District”) . The agreement in place between our firm and the District dated February 14, 2019 provides for the review and adjustment annually of our fees pursuant to the District’s annual budget process. We are respectfully requesting a fee increase from $20,000 to $25,000 for the year.

Please note this change will be effective on the billing for October 2020, in conjunction with the District’s new Fiscal Year.

Provided the changes are acceptable, please have an authorized official of the District sign and return a copy of this letter to us to acknowledge the increase.

Sincerely,

PFM GROUP CONSULTING LLC

___________________________

Senior Managing Consultant

Accepted by:

(Signature)

(Print Name)

(Date)

Lakeside Preserve
Community Development District

Agreement between the District and VGlobalTech for Website Services

Website Maintenance Proposal For

Lakeside Preserve CDD

Date	Version#	Comments	Author	
				
May 13, 2020	1.0	Created Proposal	VB Joshi	

VGlobalTech is the ADA, WCAG Compliance Expert and leading Web design company, with over 300 ADA & WCAG compliant websites created (….and counting) to-date! We have partnered with a non-profit agency to conduct Human Audit and Certification Seal.

Visit https://vglobaltech.com/website-compliance/ for details.

VGlobalTech.com ~ Experience Innovation
Your strategic partner for Web Design, Software, Marketing, and SEO solutions.

Page 1 of 6

Private and Confidential Document. No part of this document shall be produced, sent, copied to any parties it is not intended for. It is intended for the entities listed clearly on this proposal. Any distribution without written consent shall be procecuted

COPYRIGHT ©: This proposal and the contents within this document are solely created by VGlobalTech team for its customers and cannot be reproduced, copied, modified or distributed (including forwarding to other customers, competitors, web designers etc.) without the written consent of VGlobalTech. VGlobalTech company holds Intellectual Property* details along with company software details that must not be shared with others without the written permission of the company. The proposal and software details are customized for the requesting customer and cannot be applied to any other customer / asset / solution. This document does not apply to a case if it is not exclusively sent to you by VGlobalTech upon request.

Any violations are punishable under the law and shall be prosecuted.

*	VGlobalTech has developed unique ADA and WCAG compliance expertise, optimized website templates, compliance multi-step procedure and quality control, document conversion software and test procedures. Contact us for details of VGlobalTech’s Intellectual Property.

VGlobalTech.com ~ Experience Innovation
Your strategic partner for Web Design, Software, Marketing, and SEO solutions.

Page 2 of 6

Private and Confidential Document. No part of this document shall be produced, sent, copied to any parties it is not intended for. It is intended for the entities listed clearly on this proposal. Any distribution without written consent shall be procecuted

Table of Contents

1.0	Pricing	4

1.1	Monthly Maintenance, Hosting and Email Support	4

2.0	Proposal Acceptance:	6

VGlobalTech.com ~ Experience Innovation
Your strategic partner for Web Design, Software, Marketing, and SEO solutions.

Page 3 of 6

Private and Confidential Document. No part of this document shall be produced, sent, copied to any parties it is not intended for. It is intended for the entities listed clearly on this proposal. Any distribution without written consent shall be procecuted

1.0 Pricing

1.1 Monthly Maintenance, Hosting and Email Support

Maintenance contract is required for VGlobalTech’s proprietary document conversion software (PDF to RTF) to be used that allows faster, accurate and batch processing for document conversion.

Task

1.	Full content upload support to regularly keep site updated (includes all documents, audit reports, agendas, meeting minutes, events etc). Update turnaround time – less than 24 hrs from customer sending the content and documents to be updated to VGT team.

2.	PDF Documents conversion (to Text, HTML etc) as needed (new documents during the maintenance year only) for ADA Compliance / Reader Compliance. VGlobalTech’s proprietary batch conversion software shall be used by our team for faster batch-conversion processing as long as the contract is valid (big time saver that creates compliant documents that can be uploaded to the website). If Auto conversion fails, VGlobalTech team shall perform manual OCR and conversion within 24 hrs.

3.	Email accounts setup and support

Total Monthly Maintenance with full content upload, document conversion:

$125 / month

*support beyond 10 hrs. / month / CDD shall be billed at $55 / hr. separately (VGlobalTech team shall be responsible to track and report hours exceeded, if any)
***Monthly maintenance must be paid before the 10th of every month

VGlobalTech.com ~ Experience Innovation
Your strategic partner for Web Design, Software, Marketing, and SEO solutions.

Page 4 of 6

Private and Confidential Document. No part of this document shall be produced, sent, copied to any parties it is not intended for. It is intended for the entities listed clearly on this proposal. Any distribution without written consent shall be procecuted

This proposal includes following points, stipulations terms and conditions:

*(1) conference call or in person meetings per month with client to review metrics, results and monthly recaps *unless otherwise noted

* email and phone communication

*Anything out of the scope of work in the above proposal will be addressed and client will be immediately notified. After notification of additional work, a subsequent quote will be provided to cover that work.

*Client is responsible to adhering to timelines as far as information required to complete the task is concerned. If timelines are not adhered to and exceed 15 business days past the current marketing months, last day, all work will end. A new month with new allocated costs will be presented for future work to commence. No refunds and owed work will be due unless otherwise agreed upon. An Invoice will be provided once signature approval of this project proposal. Payments will be made to VGLOBALTECH

*Client is responsible for verifying quality of work, providing feedback, verifying that compliance has been met as required. VGlobalTech team shall not be responsible for any legal ramifications arising from work not done as per external agencies / organizations / associations needs if proper feedback is not provided by the customer. VGlobalTech’s work will be in best faith but cannot guarantee all compliance / legal needs since we are not the final authority in the ADA or WCAG compliance area. VGlobalTech shall not be liable for any legal ramifications arising from compliance issues and cannot be held responsible for any legal or other lawsuits.

Refund Policy: The client may halt work and request for a refund within seven days of the date of signing this services agreement by mailing a signed letter to the main address listed on www.VGlobalTech.com website. If client requests a refund within seven days of the date of signing their agreement, they shall be liable to pay for all work completed and will be refunded the remaining balance of the initial payment if billable work has not exceeded a charge that would be greater than client’s initial payment. If client requests a refund after the seven days from the date of the signing of the agreement client is liable to pay for all work completed plus an additional 25% of any remaining balance that may still be due. Once line item projects are complete no refunds will be issued. Confidentiality: All information between client and service provider inclusive of technical and business information relating to proprietary ideas, patentable ideas and/or trade secrets, existing and/or contemplated products and services, research and development, production, costs, profit and margin information, finances and financial projections, customers, clients, marketing, and current or future business plans and models, regardless of whether such information is designated as “Confidential Information” at the time of its disclosure and will be treated as such and with absolute confidentiality and will not be shared or used, which will be maintained at all times. The client is not allowed to disclose their price with any third parties. Doing so is in breach of this agreement. All information development will be shared and proprietary information and property between client and service providers.

VGlobalTech.com ~ Experience Innovation
Your strategic partner for Web Design, Software, Marketing, and SEO solutions.

Page 5 of 6

Private and Confidential Document. No part of this document shall be produced, sent, copied to any parties it is not intended for. It is intended for the entities listed clearly on this proposal. Any distribution without written consent shall be procecuted

2.0 Proposal Acceptance:

The VGlobalTech proposed solution and terms have been accepted by the customer and the VGlobalTech can proceed with the project. All payments shall be made according to this agreement.

Website, Monthly Maintenance w/ Hosting and Email support

Signatures:

For Customer	Date

VB Joshi

For VGlobalTech	Date

VGlobalTech.com ~ Experience Innovation
Your strategic partner for Web Design, Software, Marketing, and SEO solutions.

Page 6 of 6

Private and Confidential Document. No part of this document shall be produced, sent, copied to any parties it is not intended for. It is intended for the entities listed clearly on this proposal. Any distribution without written consent shall be procecuted

Lakeside Preserve
Community Development District

Payment Authorization Nos. 85- 91

LAKESIDE PRESERVE

COMMUNITY DEVELOPMENT DISTRICT

Payment Authorization No. 085

5/8/2020

Item	Vendor	Invoice		General	
No.		Number		Fund	
1	Business Observer				
	Legal Advertising on 05/01/2020	20-00660K	$	150.94	
2	Greenskeeper Services				
	May Landscaping	15440	$	3,700.00	
	Lawn Maintenance for LP Boulevard	15443	$	4,800.00	
3	Lakeland Electric				
	4115 Lakeside Preserve Bl # Well ; Service 04/03/2020 - 05/02/2020	-----	$	55.05	
	4000 Pipkin Creek Rd # Entr ; Service 04/03/2020 - 05/02/2020	-----	$	19.14	
					
		TOTAL	$	8,725.13	

Board Member

Please Return To:

Lakeside Preserve CDD

c/o Fishkind & Associates

12051 Corporate Boulevard

Orlando, FL 32817

LAKESIDE PRESERVE

COMMUNITY DEVELOPMENT DISTRICT

Payment Authorization No. 086

5/15/2020

Item	Vendor	Invoice		General	
No.		Number		Fund	
1	PFM Group Consulting, LLC				
	DM Fees: May 2020	DM-05-2020-0033	$	1,666.67	
	Website Fees: May 2020	DM-05-2020-0034	$	125.00	
2	Solitude Lake Management				
	Lake & Pond Management - May 2020	PI-A00403633	$	725.00	
3	VGlobalTech				
	Quarterly ADA & WCAG Audits	1621	$	300.00	

TOTAL	$  2,816.67	

Board Member

Please Return To:

Lakeside Preserve CDD

c/o Fishkind & Associates

12051 Corporate Boulevard

Orlando, FL 32817

LAKESIDE PRESERVE

COMMUNITY DEVELOPMENT DISTRICT

Payment Authorization No. 087

5/22/2020

Item	Vendor	Invoice		General	
No.		Number		Fund	
1	PFM Group Consulting LLC				
	March Postage	OE-EXP-00785	$	5.00	
	April Postage	OE-EXP-00843	$	5.50	
2	Supervisor Fee				
	Dan Lewis	----	$	200.00	
	Brian Walsh	----	$	200.00	
	Jeffrey Shenefield	----	$	200.00	

TOTAL	$   610.50	

Board Member

Please Return To:

Lakeside Preserve CDD

c/o Fishkind & Associates

12051 Corporate Boulevard

Orlando, FL 32817

LAKESIDE PRESERVE

COMMUNITY DEVELOPMENT DISTRICT

Payment Authorization No. 088

5/29/2020

Item	Vendor	Invoice		General	
No.		Number		Fund	
1	PFM Group Consulting LLC				
	Misc Expenses (Postage and Fedex)	OE-EXP-00786	$	20.37	
2	Hopping Green & Sams				
	District counsel	114870	$	388.00	

TOTAL	$   408.37	

Board Member

Please Return To:

Lakeside Preserve CDD

c/o Fishkind & Associates

12051 Corporate Boulevard

Orlando, FL 32817

LAKESIDE PRESERVE

COMMUNITY DEVELOPMENT DISTRICT

Payment Authorization No. 089

6/5/2020

Item	Vendor	Invoice		General	Fiscal	
No.		Number		Fund	Year 2021	
1	Business Observer					
	Legal Ad 05/29/2020	20-00732K	$	157.50		
2	Greenskeeper Services					
	June Lawn maintenance	15446	$	3,700.00		
	Lawn maintenance - HOA	15447	$	800.00		
3	Lakeland Electric					
	4115 Lakeside Preserve	----	$	54.94		
	4000 Pipkin Creek Road	----	$	18.78		
4	US Bank					
	Admin fee 05/01/2020 - 04/30/2021	5750637	$	1,683.60	$2,357.03	

TOTAL	$  8,771.85	

Board Member

Please Return To:

Lakeside Preserve CDD

c/o Fishkind & Associates

12051 Corporate Boulevard

Orlando, FL 32817

LAKESIDE PRESERVE

COMMUNITY DEVELOPMENT DISTRICT

Payment Authorization No. 090

6/15/2020

Item	Vendor	Invoice		General	
No.		Number		Fund	
1	Grau and Associates				
	Audit FY 19	19772	$	1,000.00	
2	Hopping Green & Sams				
	Legal Counsel	100457	$	900.00	

TOTAL	$  1,900.00	

Board Member

Please Return To:

Lakeside Preserve CDD

c/o Fishkind & Associates

12051 Corporate Boulevard

Orlando, FL 32817

LAKESIDE PRESERVE

COMMUNITY DEVELOPMENT DISTRICT

Payment Authorization No. 091

6/19/2020

Item	Vendor	Invoice		General	
No.		Number		Fund	
1	Landmark Engineering & Surveying Corporation				
	Engineering Services	2170075-5	$	225.00	
2	PFM Group Consulting LLC				
	DM fees - June 2020	DM-006-2020-0027	$	1,666.67	
	Website fees - June 2020	DM-006-2020-0028	$	125.00	
3	Solitude Lake Management				
	Lake & Pond Service 06/01/20-06/30/2020	PI-A00420743	$	725.00	
					
		TOTAL	$	2,741.67	

Board Member

Please Return To:

Lakeside Preserve CDD

c/o Fishkind & Associates

12051 Corporate Boulevard

Orlando, FL 32817

Lakeside Preserve
Community Development District

Monthly Financials

Lakeside Preserve CDD

Budget to Actual

For the Month Ending 5/31/2020

							Year To Date				
					Actual		Budget		Variance		FY 2020		
										Adopted Budget		
												
Revenues											
Off-Roll Assessments	$	99,993.75	$	84,350.00	$	15,643.75	$	126,525.00		
Net Revenues	$	99,993.75	$	84,350.00	$	15,643.75	$	126,525.00		
General & Administrative Expenses											
Supervisor Fees	$	2,400.00	$	1,600.00	$	800.00	$	2,400.00		
D&O Insurance		2,306.00		1,650.00		656.00		2,475.00		
Trustee Services		-		4,000.00		(4,000.00)		6,000.00		
Management		13,333.36		13,333.36		-		20,000.00		
Engineering		375.00		3,333.36		(2,958.36)		5,000.00		
Dissemination Agent		5,000.00		3,333.36		1,666.64		5,000.00		
District Counsel		11,093.30		8,000.00		3,093.30		12,000.00		
Assessment Administration		7,500.00		5,000.00		2,500.00		7,500.00		
Reamortization Schedules		-		166.64		(166.64)		250.00		
Audit		2,500.00		3,333.36		(833.36)		5,000.00		
Travel and Per Diem		124.31		333.36		(209.05)		500.00		
Telephone		-		133.36		(133.36)		200.00		
Postage & Shipping		259.80		200.00		59.80		300.00		
Copies		-		333.36		(333.36)		500.00		
Legal Advertising		1,105.57		2,000.00		(894.43)		3,000.00		
Miscellaneous		5.50		1,666.56		(1,661.06)		2,500.00		
Web Site Maintenance		1,300.00		1,800.00		(500.00)		2,700.00		
Dues, Licenses, and Fees		175.00		116.64		58.36		175.00		
Electric		920.38		-		920.38		-		
Aquatic Contract		9,600.00		5,333.36		4,266.64		8,000.00		
General Insurance		2,819.00		2,016.64		802.36		3,025.00		
Landscaping Maintenance & Material		41,975.00		26,666.64		15,308.36		40,000.00		
Total General & Administrative Expenses	$	102,792.22	$	84,350.00	$	18,442.22	$	126,525.00		
	Total Expenses	$	102,792.22	$	84,350.00	$	18,442.22	$	126,525.00		
	Income (Loss) from Operations	$	(2,798.47)	$	-	$	(2,798.47)	$	-		
Other Income (Expense)											
Interest Income	$	124.90	$	-	$	124.90	$	-		
Total Other Income (Expense)	$	124.90	$	-	$	124.90	$	-		
	Net Income (Loss)	$	(2,673.57)	$	-	$	(2,673.57)	$	-		

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Lakeside Preserve CDD

Statement of Activities

As of 5/31/2020

				General Fund	
Revenues				
Off-Roll Assessments	$	99,993.75	
On-Roll Assessments			
Off-Roll Assessments			
Other Assessments			
Inter-Fund Group Transfers In			
Inter-Fund Transfers In			
Total Revenues	$	99,993.75	
Expenses				
Supervisor Fees	$	2,400.00	
D&O Insurance		2,306.00	
Management		13,333.36	
Engineering		375.00	
Dissemination Agent		5,000.00	
District Counsel		11,093.30	
Assessment Administration		7,500.00	
Audit		2,500.00	
Travel and Per Diem		124.31	
Postage & Shipping		259.80	
Legal Advertising		1,105.57	
Miscellaneous		5.50	
Web Site Maintenance		1,300.00	
Dues, Licenses, and Fees		175.00	
Electric		920.38	
Aquatic Contract		9,600.00	
General Insurance		2,819.00	
Landscaping Maintenance & Material		41,975.00	
Principal Payments			
Interest Payments			
Total Expenses	$	102,792.22	
Other Revenues (Expenses) & Gains (Losses)				
Interest Income	$	124.90	
Interest Income			
Interest Income			
Total Other Revenues (Expenses) & Gains (Losses)	$	124.90	
		Change In Net Assets	$	(2,673.57)	

Debt Service	Capital	Long-Term

Fund	Projects Fund	Debt Fund

$	213,777.16

750.00

564,462.80

10,161.07

		$	(10,161.07)			
$	789,151.03	$	(10,161.07)	$	-	

$	540,000.00

164,693.77

$	704,693.77	$	-	$	-

$	2,848.17					
		$	12.11			
$	2,848.17	$	12.11	$	-	
$	87,305.43	$	(10,148.96)	$	-	

Total

$   99,993.75 213,777.16 750.00
564,462.80

10,161.07

(10,161.07)

$	878,983.71

$    2,400.00 2,306.00 13,333.36
375.00

5,000.00

11,093.30

7,500.00

2,500.00

124.31

259.80

1,105.57

5.50

1,300.00

175.00

920.38

9,600.00

2,819.00

41,975.00

540,000.00

164,693.77

$	807,485.99

$     124.90 2,848.17 12.11

$	2,985.18

$	74,482.90

Net Assets At Beginning Of Year	$	17,534.06	$	479,419.75	$	10,912.00	$	-	$	507,865.81	
Net Assets At End Of Year	$	14,860.49	$	566,725.18	$	763.04	$	-	$	582,348.71	

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Lakeside Preserve CDD

Statement of Financial Position

As of 5/31/2020

							General Fund			Debt Service	Capital Projects		Long-Term		Total		
										Fund		Fund		Debt Fund				
																			
								Assets									
Current Assets															
General Checking Account	$	15,191.36								$	15,191.36		
Deposits		300.00									300.00		
Series 2019 Debt Service Reserve				$	206,306.25						206,306.25		
Series 2019 Revenue						105,775.67						105,775.67		
Series 2019 Prepayment						254,643.26						254,643.26		
Series 2019 Acquisition/Construction							$	763.04				763.04		
Total Current Assets	$	15,491.36	$	566,725.18	$	763.04	$	-	$	582,979.58		
Investments															
Amount Available in Debt Service Funds									$	566,725.18	$	566,725.18		
Amount To Be Provided									$	3,493,274.82	$	3,493,274.82		
Total Investments	$	-		$	-	$	-	$	4,060,000.00	$	4,060,000.00		
Total Assets	$	15,491.36	$	566,725.18	$	763.04	$	4,060,000.00	$	4,642,979.58		
							Liabilities and Net Assets								
Current Liabilities															
Accounts Payable	$	630.87								$	630.87		
Total Current Liabilities	$	630.87	$	-	$	-	$	-	$	630.87		
Long Term Liabilities														
																
Revenue Bonds Payable - Long-Term									$	4,060,000.00	$	4,060,000.00		
Total Long Term Liabilities	$	-		$	-	$	-	$	4,060,000.00	$	4,060,000.00		
Total Liabilities	$	630.87	$	-	$	-	$	4,060,000.00	$	4,060,630.87		
Net Assets															
Net Assets, Unrestricted	$	(4,500.00)								$	(4,500.00)		
Net Assets - General Government		22,034.06									22,034.06		
Current Year Net Assets - General Government		(2,673.57)									(2,673.57)		
Net Assets, Unrestricted				$	479,419.75						479,419.75		
Current Year Net Assets, Unrestricted						87,305.43						87,305.43		
Net Assets, Unrestricted							$	10,912.00				10,912.00		
Current Year Net Assets, Unrestricted								(10,148.96)				(10,148.96)		
Total Net Assets	$	14,860.49	$	566,725.18	$	763.04	$	-	$	582,348.71		
Total Liabilities and Net Assets	$	15,491.36	$	566,725.18	$	763.04	$	4,060,000.00	$	4,642,979.58		

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Lakeside Preserve
Community Development District

Staff Reports