CENTURY PARK PLACE COMMUNITY DEVELOPMENT DISTRICT

MIAMI-DADE COUNTY REGULAR BOARD MEETING MARCH 6, 2023
7:00 P.M.

Special District Services, Inc. 8785 SW 165th Avenue, Suite 200
Miami, FL 33193

www.centuryparkplacecdd.org
786-347-2711 Ext. 2011 Telephone 877.SDS.4922 Toll Free 561.630.4923 Facsimile

AGENDA
CENTURY PARK PLACE COMMUNITY DEVELOPMENT DISTRICT
Big Five Club 600 SW 92nd Avenue Miami, Florida 33174
REGULAR BOARD MEETING
March 6, 2023
7:00 p.m.

Call to Order
Proof of Publication	Page 1
Establish Quorum
Additions or Deletions to Agenda
Comments from the Public for Items Not on the Agenda
Approval of Minutes
November 7, 2022 Regular Board Meeting Minutes	Page 2
Old Business
Update Regarding the Requested Repairs to the Miami-Dade County Sidewalk located at the West Entrance at SW 92nd Avenue
New Business
Consider Approval of District Counsel Request for Adjustment to Fee Structure	Page 6
Consider Approval of District Engineer Request for Adjustment of Fee Structure	Page 8
Consider Approval of Resolution No. 2023-01 – Approving a Proposed Budget for FY
2023/2024 and Setting a Public Hearing	Page 10
Consider Approval of Amendment to Association Maintenance Agreement
Administrative & Operational Matters
Financial Update	Page 24
Board Member & Staff Closing Comments
Adjourn

MIAMI-DADE

STATE OF FLORIDA COUNTY OF MIAMI-DADE:

Before the undersigned authority personally appeared MARIA MESA, who on oath says that he or she is the LEGAL CLERK, Legal Notices of the Miami Daily Business Review f/k/ a Miami Review, a daily  (except Saturday,  Sunday and Legal Holidays) newspaper, published at Miami in Miami-Dade County, Florida; that the attached copy of advertisement, being a Legal Advertisement of Notice in the matter of

CENTURY PARK PLACE COMMUNITY DEVELOPMENT DISTRICT - FISCAL YEAR 2022/2023 REGULAR MEETING SCHEDULE

in the XXXX Court,
was published in said newspaper by print in the issues of and/or by publication on the newspaper's website, if authorized, on

10/25/2022

Affiant further says that the newspaper complies with all legal	for  publication  in  chapter  50,  Florida

2	

I
(SEAL)
MARIA MESA personally known to me

CE.tdiJRY,PARK PLACE COMMUNITY
··-·•·.• •• >1>r:,n: Ql'M§ T/Dl l'fll T',-, ..

>,

,FISCALYEAR 2022/2023·REGULAR
•· '	" MEETl,.G SCHEDULE
·,>>:·..?-:<\-
NOTlcfl "_HERE.BY IVEN tha.tthe Board•()f Supervisors (the :Board") ·of the Century Pa_rk •.P,lai:e •Community.C>ev lopment District (the. District") wiUhold 'Regular Mee.tings in the' Big Five Club located at 600 SW 92nd Men_ue, Miami, Florida 33174.at 7:00 p.m. on the following dates:
· Nove111ber7, 2022
March6, 2023 MayS,2023
August 7, 2023

The purpcise of the m etings isforthfF3oard toconsider anyDistrict business. which may lawfully and •• properly come-before the •. Boiird._,Meetings are open to the pubHc·ana,wiiLbe conducted in accordance"with' the provisions offlorida law.for C?minunity develo 111 nt. cj_ist9d .·:so iflS 9f the_Agendai
for any of the meetings may b_e Clbta1ned from the•D1.stnct,'swf:lbs1te or by·
contacting the Districery,anager iit 786-347-2711 Ext201 j.and/or toll free aU-877.-737-4922, prior to the date of the particular meeting. .	.
.<-</..:"':,··''"'.';l •-:"-:;:'>,--- :--,_·; .••.,.:::_: :::<---·>/'-•- ,:_ - · -! :.,'::>·:-:·-<\-_ xv..-:::-_·_->-..,_.:-..

be

Fromti etto timepne:ort\'loBqarg ma'nibersmay Rlll1icipate by'telephone;, therefore, a.speakerJ l phone y.,ill be present atJtle_ meeti g location·.so. that .Boa\d·rnembers may b_e full¥i fqrmed of the cii ussiorist ing place.! Said meeting(s) may contintJed asfountnece toatime al]d.placel specif\e,fon the,reco_r<;t:. : . •  ,,: ' >	·  '.  ·;:::: .. ·• .. --. .  .

IL hfpe,rsdn,deci s";to appeff;any dE,Cisio mad 'with;; spect to any matter considered at tf1!;!9e meeti gs, such person wilL,need a record of the proceedings and such person may need to insure that averbatin:i' record of the proceedings ismade ai his or'her own.expense andW:tiich·record includes the testi111onyanq evide.nce onw iSh the l!ppeal is b s!ld.	.,  ·

ln.accord_ance withJhe(provisiops.of".the Americans'with•".DisabiliUes Act, any person requiring special acco[)'lmodat[ons or an interpreter to participate at any of these meetings hould c.ontact the District Manager at 786;347a2711
Ext 2011 and/or toH free at 1-SU-737-4922 atleast seven (7) days prior to the.date of.the particurarmeeting. '•.-·-	• < •· i  •·-•	· · :
Meetings may be cancelled from time to time with no adverlised cancellation notice.

CENTURY PARK PLACE.COMMUNITY DEVELOPMENT DISTRICT

WYJW.centuryparkplacecdd.org .
10/25 -	-	.	22 09/0000626982M

CENTURY PARK PLACE COMMUNITY DEVELOPMENT DISTRICT REGULAR BOARD MEETING
NOVEMBER 7, 2022

CALL TO ORDER

Mrs. Perez called the November 7, 2022, Regular Board Meeting of the Century Park Place Community Development District (the “District”) to order at 7:01 p.m. at the Gazebo in Century Park Place located at 420 SW 91st Place, Miami, Florida 33174.

PROOF OF PUBLICATION

Mrs. Perez presented proof of publication that notice of the Regular Board Meeting had been published in the Miami Daily Business Review on October 25, 2022, as part of the District’s Fiscal Year 2022/2023 Meeting Schedule, as legally required.

ESTABLISH A QUORUM

Mrs. Perez determined that a quorum had been established with the attendance of Chairman Diego Cruz and Supervisors Leonardo Ferrer and Ray Rodriguez and it was in order to proceed with the meeting.

Also, in attendance were: District Manager Gloria Perez of Special District Services, Inc.; District Counsel Gregory George of Billing Cochran, Lyles, Mauro & Ramsey, P.A.; and District Engineer Juan Alvarez of Alvarez Engineers, Inc.

ADDITIONS OR DELETIONS TO AGENDA

There were no additions or deletions to the agenda.

COMMENTS FROM THE PUBLIC FOR ITEMS NOT ON THE AGENDA

There were no comments from the public for items not on the agenda.

APPROVAL OF MINUTES
June 6, 2022, Public Hearing & Regular Board Meeting

The June 6, 2022, Public Hearing & Board Meeting minutes were presented.

A MOTION was made by Supervisor Ferrer, seconded by Supervisor Rodriguez and passed unanimously approving the June 6, 2022, Public Hearing & Regular Board Meeting minutes, as presented.

OLD BUSINESS
Update Regarding West Entrance at SW 92nd Avenue

Mrs. Perez advised of the communications that had been forwarded to Miami-Dade County requesting a status update on requested repairs.

Page 1 of 4

NEW BUSINESS
Consider Resolution No. 2022-05 – Adopting a Fiscal Year 2021/2022 Amended Budget

Mrs. Perez presented Resolution No. 2022-05, entitled:

RESOLUTION NO. 2022-05

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE CENTURY PARK PLACE COMMUNITY DEVELOPMENT DISTRICT AUTHORIZING AND ADOPTING AN AMENDED FINAL FISCAL YEAR 2021/2022 BUDGET (“AMENDED BUDGET”), PURSUANT TO CHAPTER 189, FLORIDA STATUTES; AND PROVIDING AN EFFECTIVE DATE.

Mrs. Perez explained, as done every year for administrative and statutory requirements, within 60 days of any given fiscal year end, the Board adopts a revised/amended budget for said year. The fiscal year ended on September 30, 2022. This is the reason it is administrative in nature (past year’s budget for past year’s expenses) and will serve as the Board’s final approval/ratification of the District’s expenditures for the past fiscal year.

A MOTION was made by Supervisor Ferrer, seconded by Supervisor Cruz and unanimously passed adopting Resolution No. 2022-05, adopting a Fiscal Year 2021/2022 Amended Budget.

Qualified Voters Certification

Mrs. Perez advised that she had received from the Miami-Dade County Supervisor of Elections the certified elector count identifying 191 registered voters who reside in the District as of May 2022. Since the District has not reached the qualified elector threshold, it will continue to elect Board Members by the landowner election process.

AUDITOR SELECTION COMMITTEE
Ranking of Proposals/Consider Selection of an Auditor

Mrs. Perez then recessed the Regular Board Meeting and opened a meeting of the Auditor Selection Committee.

Mrs. Perez noted that the purpose of the Audit Committee meeting was to rank and recommend, in order of preference, the auditor proposals. She explained that only two firms had responded and therefore the Board would need to formally waive the three or more proposals requirement followed by ranking the recommendations. A discussion ensued after which:

A MOTION was made by Supervisor Ferrer, seconded by Supervisor Cruz and unanimously passed waiving the three or more proposals requirement, followed by ranking Nowlen Holt & Miner as number one (1) and Grau & Associates as number two (2) and both as qualified to perform the auditing services.

There being no further Audit Committee business to conduct, Mrs. Perez adjourned the Audit Committee Meeting and simultaneously reconvened the Regular Board Meeting.
Page 2 of 4

A discussion ensued after which the Board, acting as the District Board, accepted the recommendation of the Audit Committee as follows:

A MOTION was made by Supervisor Ferrer, seconded by Supervisor Cruz and unanimously passed to engage the auditing firm of Nowlen, Holt & Miner, a qualified auditing firm, to perform audits for the fiscal years ending September 30, 2022, September 30, 2023, and September 30, 2024, at the following rates:

Audit for fiscal year ended September 30, 2022, in the amount of $3,400; Audit for fiscal year ending September 30, 2023, in the amount of $3,500; and Audit for fiscal year ending September 30, 2024, in the amount of $3,600

and further authorizing District management to negotiate fees for the fiscal years ending 2025 and 2026, as proposed by Grau & Associates at $3,600 and $3,600, respectively.

ADMINISTRATIVE & OPERATIONAL MATTERS
Financial Update

Mrs. Perez presented the financials in the meeting book and briefly reviewed them with the Board, pointing out that available funds as of September 30, 2022, were $63,442.27.

A MOTION was made by Supervisor Ferrer, seconded by Supervisor Cruz and passed unanimously ratifying and approving the financials, as presented.

Accept and Receive 20-Year Stormwater Needs Analysis

Mrs. Perez noted that this agenda item was added and provided a handout of the Annual Engineer’s Report for the Board’s review and records.

A MOTION was made by Supervisor Ferrer, seconded by Supervisor Rodriguez and unanimously passed accepting and receiving the District’s 20-Year Stormwater Needs Analysis, as presented.

BOARD MEMBER/STAFF COMMENTS

There were no Board Member or staff comments.

ADJOURNMENT

There being no further business, the Regular Board Meeting was adjourned at 7:18 p.m. on a
MOTION made by Supervisor Cruz, seconded by Supervisor Rodriguez and passed unanimously.

Page 3 of 4

 	
Secretary	Chairperson

Page 4 of 4

LAW OFFICES
BILLING, COCHRAN, LYLES, MAURO & RAMSEY, P.A.
ESTABLISHED 1977

DENNIS E. LYLES JOHN W. MAURO
KENNETH W. MORGAN, JR. RICHARD T. WOULFE CAROL J. HEALY GLASGOW MICHAEL J. PAWELCZYK ANDREW A. RIEF
MANUEL R. COMRAS GINGER E. WALD JEFFERY R. LAWLEY SCOTT C. COCHRAN SHAWN B. MCKAMEY ALINE 0. MARCANTONIO JOHN C, WEBBER

LAS OLAS SQUARE, SUITE 600
515 EAST LAS OLAS BOULEVARD FORT LAUDERDALE, FLORIDA 33301
(954) 764-7150
(954) 764-7279 FAX

PGA NATIONAL OFFICE CENTER
300 AVENUE Of THE CHAMPIONS, SUITE 270 PALM BEACH GARDENS, FLORIDA 33418
(561) 659-5970 (S61) 659·6173 FAX

WWW. BILLINGCOCH RAN. COM PLEASE REPLY TO: FORT LAUDERDALE

CHRISTINE A. BROWN GREGORY F. GEORGE BRAD J. KIMBER

OF COUNSEL

CLARK J. COCHRAN, JR. SUSAN F. DELEGAL SHIRLEY A. DELUNA GERALD L. KNIGHT BRUCE M. RAMSEY

STEVEN F. BILLING (1947-1998) HAYWARD 0. GAY (1943-2007)

February 2, 2023

VIA E-MAIL ONLY- gperez@sdsinc.org

Ms. Gloria Perez District Manager
Special District Services Inc. Kendall Office Center
8785 SW 165th Avenur #200
Miami, FL 33193

Re:		Adjustment to District Counsel Fee Structure Century Park Place Community Development District Our File: 1021.17099
Dear Gloria:

This firm s current fee structure has been in place since 2017. Although we are certainly mindful of the necessity to keep increases in the District's expenses, including the cost of legal services, to a minimum, it has become necessary for us to adjust our hourly rates effective May 1, 2023, as follows:

Attorneys/Partners:
Attomeys/Associates:

$300.00 per hour
$250.00 per hour

This hourly fee structure will be adjusted on a periodic basis in connection with the District s budget process no later than every third Fiscal Year to reflect changes in the Consumer Price Index published by the U. S. Department of Labor. The CPI has reflected a 22.1% increase since the year 2017 and we have not raised our fees during that time.

Ms. Gloria Perez February 2, 2023 Page2

Naturally should you have any questions or require any further information in support ofthis adjustment you should feel free to contact me at your convenience. As I think you are aware we very much appreciate the opportunity to serve as District Counsel as well as your courtesy and cooperation with regard to the necessity of what we believe to be both infrequent and reasonable adjustments to our schedule of professional fees.

MJP/jmp

AAlvarez Engineers

8935 NW 35 Lane, Suite 101 Doral, FL 33172
Tel (305) 640-1345
Email Alvarez@AlvarezEng.com Website www.alvarezeng.com

February 16, 2023 Board of Supervisors
Century Park Place Community Development District
Attn: District Manager Gloria Perez Special District Services, Inc.
2501 Burns Road
Palm Beach Gardens, FL 33410

Reference: Via:

Century Park Place Community Development District Alvarez Engineers Personnel Billing Rates
Email Only: gperez@sdsinc.org

Dear Board of Supervisors,

In accordance with the terms of the Engineering Agreement, dated August 1, 2017, between Alvarez Engineers, Inc. and the COD, I would like to respectfully request the Board of Supervisors to consider updating our hourly personnel billing rates and staff classifications to our proposed 2023 rates as shown in the attached table.

you have any questions or if you would like to discuss this further.

Sincerely,

M:\.:\(cr,- mt111q\S. l11i ,_im ::\lrwoic s\lrNoici:i6 forms P Prt,cedurf •_,\ E E',iliir,;: R,Jte::\S 11-ig P,1: s l ."12:i)\Uic;ttic:: ,.,1,111gers\lR -i.2 1nus 1sc-Lette:-s\1::iu:l>'
r 2rsr111el R ces Jprl te Lelt r, l'2'.)23lll.E;).Dcr

Century Park Place CDD	
Current 2017 Rates	Proposed 2023 Rates	
Principal	$	200.00	Principal	$	220.00	
Chief Engineer				
Senior Engineer	$	175.00	Senior Engineer	$	185.00	
Senior Project Engineer	$	150.00	Engineer 2	$	160.00	
Project Manager				
Project Engineer	$	130.00	Engineer 1	$	140.00	
		Electrical Engineer	$	135.00	
Engineer	$	125.00	Engineer Intern	$	130.00	
CADD	$	95.00	Senior Designer	$	110.00	
		CADD/Computer Technician	$	100.00	
		Senior Engineering Technician	$	95.00	
Engineering Technician	$	85.00	Engineering Technician	$	90.00	
Senior Administrative	$	80.00	Senior Administrative	$	95.00	
Administrative	$	50.00	Administrative	$	60.00	

Staff Classification
Principal  Senior Engineer Engineer 2
Engineer 1 Electrical Engineer Engineer Intern Senior Designer
(ADD/Computer Technician Senior Engineering Technician Engineering Technician Senior Administrative Administrative

Definition
Professional Engineer with 20+ years of post registration experience Professional Engineer with 10+ years of post registration experience Professional Engineer with 5+ years of post registration experience Professional Engineer with 0+ years of post registration experience Electrical Engineer with 2+ years of post-graduate experience
Entry level with engineering degree; Engineering Intern License 15+ years of design experience, non-registered
Design and Drafting with l+ year of experience 5+ years of experience
Entry level, with 0-4 years of experience
Degreed executive assistant with 8+ years of experience Secretary/ Clerical

RESOLUTION 2023-01

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE CENTURY PARK PLACE COMMUNITY DEVELOPMENT DISTRICT APPROVING A PROPOSED BUDGET FOR FISCAL YEAR 2023/2024 AND SETTING A PUBLIC HEARING THEREON PURSUANT TO FLORIDA LAW AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the Century Park Place Community Development District (“District”) was recently established by Ordinance No. 17-19 approved by the Miami-Dade County Board of County Commissioners, Miami-Dade County, Florida, effective March 31, 2017; and

WHEREAS, the District Manager has prepared and submitted to the Board of Supervisors of the Century Park Place Community Development District (the “Board”) the proposed operating fund budget for Fiscal Year 2023/2024; and

WHEREAS, the Board has considered the proposed operating fund budget and desires to set the required public hearing thereon.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE CENTURY PARK PLACE COMMUNITY DEVELOPMENT DISTRICT, THAT:

The operating fund budget proposed by the District Manager for Fiscal Year 2023/2024 attached hereto as Exhibit “A” is hereby approved as the basis for conducting a public hearing to adopt said budget.

The public hearing on said approved operating fund budget is hereby declared and set for the following date, hour and location:

DATE:	May 8, 2023

HOUR:	7:00 p.m.
LOCATION: Big Five Club
600 SW 92nd Avenue Miami, Florida 33174

The District Manager is hereby directed to submit a copy of the proposed budget to the Miami-Dade County at least sixty (60) days prior to the hearing set above.

In accordance with Section 189.016, Florida Statutes, the District's Secretary is further directed to post the approved budget on the District's website at least two (2) days before the budget hearing date as set forth in Section 2. If the District does not have its own website, the District's Secretary is directed to transmit the approved budget to the managers or administrators of the Miami-Dade County for posting on their website.

Notice of this public hearing shall be published in the manner prescribed in Florida law.

This Resolution shall take effect immediately upon adoption.

PASSED, ADOPTED and BECOMES EFFECTIVE 6th day of March, 2023.

ATTEST:	CENTURY PARK PLACE COMMUNITY DEVELOPMENT DISTRICT

Secretary/Assistant Secretary	Chairperson/Vice Chairperson

Attachment: Exhibit “A”: Fiscal Year 2023/2024 Budget

Century Park Place Community Development District

Scenario 1 - With Road Maintenance

Proposed Budget For Fiscal Year 2023/2024
October 1, 2023 - September 30, 2024

CONTENTS

PROPOSED BUDGET

DETAILED PROPOSED BUDGET

DETAILED PROPOSED DEBT SERVICE FUND BUDGET

ASSESSMENT COMPARISON

PROPOSED BUDGET
CENTURY PARK PLACE COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2023/2024
OCTOBER 1, 2023 - SEPTEMBER 30, 2024

REVENUES	
FISCAL YEAR 2023/2024 BUDGET	
ADMINISTRATIVE ASSESSMENTS	63,039	
MAINTENANCE ASSESSMENTS	20,495	
DEBT ASSESSMENTS	123,590	
INTEREST INCOME	480	
		
TOTAL REVENUES	$	207,604	
		
EXPENDITURES		
MAINTENANCE/INFRASTRUCTURE IMPROVEMENTS		
ENGINEERING/INSPECTIONS	2,000	
MISCELLANEOUS MAINTENANCE	3,750	
PAVEMENT REPLACEMENT RESERVE	7,050	
STORMWATER MANAGEMENT RESERVE	3,800	
ROAD MAINTENANCE	2,000	
INFRASTRUCTURE MAINTENANCE	665	
TOTAL MAINTENANCE/INFRASTRUCTURE IMPROVEMENTS	$	19,265	
		
ADMINISTRATIVE EXPENDITURES		
SUPERVISOR FEES	4,000	
PAYROLL TAXES	306	
MANAGEMENT	33,960	
LEGAL	9,000	
ASSESSMENT ROLL	6,750	
AUDIT FEES	3,500	
INSURANCE	6,600	
LEGAL ADVERTISING	775	
MISCELLANEOUS	750	
POSTAGE	200	
OFFICE SUPPLIES	325	
MEETING VENUE RENTAL	1,000	
DUES & SUBSCRIPTIONS	175	
TRUSTEE FEES	4,200	
CONTINUING DISCLOSURE FEE	350	
TOTAL ADMINISTRATIVE EXPENDITURES	$	71,891	
		
TOTAL EXPENDITURES	$	91,156	
		
REVENUES LESS EXPENDITURES	$	116,448	
		
BOND PAYMENTS	(116,175)	
		
BALANCE	$	273	
		
COUNTY APPRAISER & TAX COLLECTOR FEE	(4,142)	
DISCOUNTS FOR EARLY PAYMENTS	(8,285)	
		
EXCESS/ (SHORTFALL)	$	(12,154)	
		
CARRYOVER FROM PRIOR YEAR	12,154	
		
NET EXCESS/ (SHORTFALL)	$	-	

DETAILED PROPOSED BUDGET
CENTURY PARK PLACE COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2023/2024
OCTOBER 1, 2023 - SEPTEMBER 30, 2024

REVENUES	
FISCAL YEAR 2021/2022 ACTUAL	
FISCAL YEAR 2022/2023 BUDGET	
FISCAL YEAR 2023/2024 BUDGET	

COMMENTS	
ADMINISTRATIVE ASSESSMENTS	71,968	72,630	63,039	Expenditures Less Interest & Carryover/.94	
MAINTENANCE ASSESSMENTS	11,767	10,916	20,495	Expenditures/.94	
DEBT ASSESSMENTS	123,614	123,590	123,590	Bond Payments/.94	
INTEREST INCOME	10	60	480	Interest Projected At $20 Per Month	
					
TOTAL REVENUES	$	207,359	$	207,196	$	207,604		
					
EXPENDITURES					
MAINTENANCE/INFRASTRUCTURE IMPROVEMENTS					
ENGINEERING/INSPECTIONS	1,575	1,500	2,000	$500 Increase From 2022/2023 Budget	
MISCELLANEOUS MAINTENANCE	0	3,750	3,750	No Change From 2022/2023 Budget	
PAVEMENT REPLACEMENT RESERVE	0	4,346	7,050	Twenty Year Project (Third Year)	
STORMWATER MANAGEMENT RESERVE	0	0	3,800	Five Year Project (First Year)	
ROAD MAINTENANCE	0	0	2,000	Road Maintenance	
INFRASTRUCTURE MAINTENANCE	0	665	665	No Change From 2022/2023 Budget	
TOTAL MAINTENANCE/INFRASTRUCTURE IMPROVEMENTS	$	1,575	$	10,261	$	19,265		
					
ADMINISTRATIVE EXPENDITURES					
SUPERVISOR FEES	600	4,000	4,000	Supervisor Fees	
PAYROLL TAXES	46	306	306	Supervisor Fees * 7.65%	
MANAGEMENT	32,016	32,976	33,960	CPI Adjustment (Capped At 3%)	
LEGAL	7,990	9,000	9,000	No Change From 2022/2023 Budget	
ASSESSMENT ROLL	6,750	6,750	6,750	As Per Contract	
AUDIT FEES	3,400	3,500	3,500	Accepted Amount For 2022/2023 Budget	
INSURANCE	5,706	5,900	6,600	Fiscal Year 2022/2023 Expenditure Was $6,134	
LEGAL ADVERTISING	860	775	775	No Change From 2022/2023 Budget	
MISCELLANEOUS	503	775	750	$25 Decrease From 2022/2023 Budget	
POSTAGE	193	200	200	No Change From 2022/2023 Budget	
OFFICE SUPPLIES	242	325	325	No Change From 2022/2023 Budget	
MEETING VENUE RENTAL	0	0	1,000	Meeting Venue Rental	
DUES & SUBSCRIPTIONS	175	175	175	No Change From 2022/2023 Budget	
TRUSTEE FEES	4,187	3,300	4,200	$900 Increase From 2022/2023 Budget	
CONTINUING DISCLOSURE FEE	350	350	350	No Change From 2022/2023 Budget	
TOTAL ADMINISTRATIVE EXPENDITURES	$	63,018	$	68,332	$	71,891		
					
TOTAL EXPENDITURES	$	64,593	$	78,593	$	91,156		
					
REVENUES LESS EXPENDITURES	$	142,766	$	128,603	$	116,448		
					
BOND PAYMENTS	(117,786)	(116,175)	(116,175)	2024 P & I Payments Less Earned Interest	
					
BALANCE	$	24,980	$	12,428	$	273		
					
COUNTY APPRAISER & TAX COLLECTOR FEE	(1,996)	(4,143)	(4,142)	Two Percent Of Total Assessment Roll	
DISCOUNTS FOR EARLY PAYMENTS	(7,775)	(8,285)	(8,285)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	$	15,209	$	-	$	(12,154)		
					
CARRYOVER FROM PRIOR YEAR	0	0	12,154	Carryover From Prior Year	
					
NET EXCESS/ (SHORTFALL)	$	15,209	$	-	$	-		

DETAILED PROPOSED DEBT SERVICE FUND BUDGET
CENTURY PARK PLACE COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2023/2024
OCTOBER 1, 2023 - SEPTEMBER 30, 2024

REVENUES	FISCAL YEAR 2021/2022 ACTUAL	FISCAL YEAR 2022/2023 BUDGET	FISCAL YEAR 2023/2024 BUDGET	

COMMENTS	

Interest Income	
7	
25	
250	
Projected Interest For 2023/2024	

NAV Tax Collection	
117,786	
116,175	
116,175	
Maximum Debt Service Collection	

Total Revenues	
$	117,793	
$	116,200	
$	116,425		

EXPENDITURES					

Principal Payments	
35,000	
35,000	
35,000	
Principal Payments Due In 2024	

Interest Payments	
79,888	
78,050	
76,563	
Interest Payments Due In 2024	

Bond Redemption	
0	
3,150	
4,862	
Estimated Excess Debt Collections	

Total Expenditures	
$	114,888	
$	116,200	
$	116,425		

Excess/ (Shortfall)	
$	2,905	
$	-	
$	-		

Series 2017 Bond Information

Original Par Amount =	$1,785,000	Annual Principal Payments Due =	November 1st	
Interest Rate =	3.50% - 5.00%	Annual Interest Payments Due =	May 1st & November 1st	
Issue Date =	July 2017			
Maturity Date =

Par Amount As Of 1/1/2023 =	November 2047

$1,625,000			

Century Park Place Community Development District Assessment Comparison

Original	Fiscal Year	Fiscal Year	Fiscal Year	Fiscal Year	
Projected	2020/2021	2021/2022	2022/2023	2023/2024	
	Assessment*			Assessment*			Assessment*			Assessment*		  Projected Assessment* 	

Administrative	
$	638.29	
$	514.25	
$	548.06	
$	554.43	
$	
481.22	
Maintenance	$	-	$	123.69	$	89.83	$	83.33	$	156.45	
Debt	$	943.62	$	943.62	$	943.62	$	943.62	$	943.62	
Total	$	1,581.91	$	1,581.56	$	1,581.51	$	1,581.38	$	1,581.29	

* Assessments Include the Following :	 4% Discount for Early Payments
1% County Tax Collector Fee
1% County Property Appraiser Fee
Community Information:	       Total Units131

3/6/2023 8:33 AM	IV

Century Park Place Community Development District

Scenario 2 - Without Road Maintenance

Proposed Budget For Fiscal Year 2023/2024
October 1, 2023 - September 30, 2024

CONTENTS

PROPOSED BUDGET

DETAILED PROPOSED BUDGET

DETAILED PROPOSED DEBT SERVICE FUND BUDGET

ASSESSMENT COMPARISON

PROPOSED BUDGET
CENTURY PARK PLACE COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2023/2024
OCTOBER 1, 2023 - SEPTEMBER 30, 2024

REVENUES	
FISCAL YEAR 2023/2024 BUDGET	
ADMINISTRATIVE ASSESSMENTS	65,167	
MAINTENANCE ASSESSMENTS	18,367	
DEBT ASSESSMENTS	123,590	
INTEREST INCOME	480	
		
TOTAL REVENUES	$	207,604	
		
EXPENDITURES		
MAINTENANCE/INFRASTRUCTURE IMPROVEMENTS		
ENGINEERING/INSPECTIONS	2,000	
MISCELLANEOUS MAINTENANCE	3,750	
PAVEMENT REPLACEMENT RESERVE	7,050	
STORMWATER MANAGEMENT RESERVE	3,800	
INFRASTRUCTURE MAINTENANCE	665	
TOTAL MAINTENANCE/INFRASTRUCTURE IMPROVEMENTS	$	17,265	
		
ADMINISTRATIVE EXPENDITURES		
SUPERVISOR FEES	4,000	
PAYROLL TAXES	306	
MANAGEMENT	33,960	
LEGAL	9,000	
ASSESSMENT ROLL	6,750	
AUDIT FEES	3,500	
INSURANCE	6,600	
LEGAL ADVERTISING	775	
MISCELLANEOUS	750	
POSTAGE	200	
OFFICE SUPPLIES	325	
MEETING VENUE RENTAL	1,000	
DUES & SUBSCRIPTIONS	175	
TRUSTEE FEES	4,200	
CONTINUING DISCLOSURE FEE	350	
TOTAL ADMINISTRATIVE EXPENDITURES	$	71,891	
		
TOTAL EXPENDITURES	$	89,156	
		
REVENUES LESS EXPENDITURES	$	118,448	
		
BOND PAYMENTS	(116,175)	
		
BALANCE	$	2,273	
		
COUNTY APPRAISER & TAX COLLECTOR FEE	(4,142)	
DISCOUNTS FOR EARLY PAYMENTS	(8,285)	
		
EXCESS/ (SHORTFALL)	$	(10,154)	
		
CARRYOVER FROM PRIOR YEAR	10,154	
		
NET EXCESS/ (SHORTFALL)	$	-	

DETAILED PROPOSED BUDGET
CENTURY PARK PLACE COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2023/2024
OCTOBER 1, 2023 - SEPTEMBER 30, 2024

REVENUES	
FISCAL YEAR 2021/2022 ACTUAL	
FISCAL YEAR 2022/2023 BUDGET	
FISCAL YEAR 2023/2024 BUDGET	

COMMENTS	
ADMINISTRATIVE ASSESSMENTS	71,968	72,630	65,167	Expenditures Less Interest & Carryover/.94	
MAINTENANCE ASSESSMENTS	11,767	10,916	18,367	Expenditures/.94	
DEBT ASSESSMENTS	123,614	123,590	123,590	Bond Payments/.94	
INTEREST INCOME	10	60	480	Interest Projected At $20 Per Month	
					
TOTAL REVENUES	$	207,359	$	207,196	$	207,604		
					
EXPENDITURES					
MAINTENANCE/INFRASTRUCTURE IMPROVEMENTS					
ENGINEERING/INSPECTIONS	1,575	1,500	2,000	$500 Increase From 2022/2023 Budget	
MISCELLANEOUS MAINTENANCE	0	3,750	3,750	No Change From 2022/2023 Budget	
PAVEMENT REPLACEMENT RESERVE	0	4,346	7,050	Twenty Year Project (Third Year)	
STORMWATER MANAGEMENT RESERVE	0	0	3,800	Five Year Project (First Year)	
INFRASTRUCTURE MAINTENANCE	0	665	665	No Change From 2022/2023 Budget	
TOTAL MAINTENANCE/INFRASTRUCTURE IMPROVEMENTS	$	1,575	$	10,261	$	17,265		
					
ADMINISTRATIVE EXPENDITURES					
SUPERVISOR FEES	600	4,000	4,000	Supervisor Fees	
PAYROLL TAXES	46	306	306	Supervisor Fees * 7.65%	
MANAGEMENT	32,016	32,976	33,960	CPI Adjustment (Capped At 3%)	
LEGAL	7,990	9,000	9,000	No Change From 2022/2023 Budget	
ASSESSMENT ROLL	6,750	6,750	6,750	As Per Contract	
AUDIT FEES	3,400	3,500	3,500	Accepted Amount For 2022/2023 Budget	
INSURANCE	5,706	5,900	6,600	Fiscal Year 2022/2023 Expenditure Was $6,134	
LEGAL ADVERTISING	860	775	775	No Change From 2022/2023 Budget	
MISCELLANEOUS	503	775	750	$25 Decrease From 2022/2023 Budget	
POSTAGE	193	200	200	No Change From 2022/2023 Budget	
OFFICE SUPPLIES	242	325	325	No Change From 2022/2023 Budget	
MEETING VENUE RENTAL	0	0	1,000	Meeting Venue Rental	
DUES & SUBSCRIPTIONS	175	175	175	No Change From 2022/2023 Budget	
TRUSTEE FEES	4,187	3,300	4,200	$900 Increase From 2022/2023 Budget	
CONTINUING DISCLOSURE FEE	350	350	350	No Change From 2022/2023 Budget	
TOTAL ADMINISTRATIVE EXPENDITURES	$	63,018	$	68,332	$	71,891		
					
TOTAL EXPENDITURES	$	64,593	$	78,593	$	89,156		
					
REVENUES LESS EXPENDITURES	$	142,766	$	128,603	$	118,448		
					
BOND PAYMENTS	(117,786)	(116,175)	(116,175)	2024 P & I Payments Less Earned Interest	
					
BALANCE	$	24,980	$	12,428	$	2,273		
					
COUNTY APPRAISER & TAX COLLECTOR FEE	(1,996)	(4,143)	(4,142)	Two Percent Of Total Assessment Roll	
DISCOUNTS FOR EARLY PAYMENTS	(7,775)	(8,285)	(8,285)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	$	15,209	$	-	$	(10,154)		
					
CARRYOVER FROM PRIOR YEAR	0	0	10,154	Carryover From Prior Year	
					
NET EXCESS/ (SHORTFALL)	$	15,209	$	-	$	-		

DETAILED PROPOSED DEBT SERVICE FUND BUDGET
CENTURY PARK PLACE COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2023/2024
OCTOBER 1, 2023 - SEPTEMBER 30, 2024

REVENUES	FISCAL YEAR 2021/2022 ACTUAL	FISCAL YEAR 2022/2023 BUDGET	FISCAL YEAR 2023/2024 BUDGET	

COMMENTS	

Interest Income	
7	
25	
250	
Projected Interest For 2023/2024	

NAV Tax Collection	
117,786	
116,175	
116,175	
Maximum Debt Service Collection	

Total Revenues	
$	117,793	
$	116,200	
$	116,425		

EXPENDITURES					

Principal Payments	
35,000	
35,000	
35,000	
Principal Payments Due In 2024	

Interest Payments	
79,888	
78,050	
76,563	
Interest Payments Due In 2024	

Bond Redemption	
0	
3,150	
4,862	
Estimated Excess Debt Collections	

Total Expenditures	
$	114,888	
$	116,200	
$	116,425		

Excess/ (Shortfall)	
$	2,905	
$	-	
$	-		

Series 2017 Bond Information

Original Par Amount =	$1,785,000	Annual Principal Payments Due =	November 1st	
Interest Rate =	3.50% - 5.00%	Annual Interest Payments Due =	May 1st & November 1st	
Issue Date =	July 2017			
Maturity Date =

Par Amount As Of 1/1/2023 =	November 2047

$1,625,000			

Century Park Place Community Development District Assessment Comparison

Original	Fiscal Year	Fiscal Year	Fiscal Year	Fiscal Year	
Projected	2020/2021	2021/2022	2022/2023	2023/2024	
	Assessment*			Assessment*			Assessment*			Assessment*		  Projected Assessment* 	

Administrative	
$	638.29	
$	514.25	
$	548.06	
$	554.43	
$	
497.46	
Maintenance	$	-	$	123.69	$	89.83	$	83.33	$	140.21	
Debt	$	943.62	$	943.62	$	943.62	$	943.62	$	943.62	
Total	$	1,581.91	$	1,581.56	$	1,581.51	$	1,581.38	$	1,581.29	

* Assessments Include the Following :	 4% Discount for Early Payments
1% County Tax Collector Fee
1% County Property Appraiser Fee
Community Information:	       Total Units131

3/6/2023 8:49 AM	IV

Century Park Place Community Development District

Financial Report For January 2023

Century Park Place Community Development District
Profit & Loss Budget vs. Actual
October 2022 through January 2023

Oct '22 - Jan 23	22/23 Budget	$ Over Budget	% of Budget
 			
Income

01-3100 ꞏ Administrative Assessments	67,501.09		72,630.00		-5,128.91		92.94%	
01-3200 ꞏ Maintenance Assessments	10,145.48		10,916.00		-770.52		92.94%	
01-3810 ꞏ Debt Assessments	114,884.37		123,590.00		-8,705.63		92.96%	
01-3820 ꞏ Debt Assess-Paid To Trustee	-109,238.75		-116,175.00		6,936.25		94.03%	
01-3830 ꞏ Assessment Fees	-1,849.18		-4,143.00		2,293.82		44.63%	
01-3831 ꞏ Assessment Discounts	-7,612.46		-8,285.00		672.54		91.88%	
01-9410 ꞏ Interest Income (GF)	546.02		60.00		486.02		910.03%	
Total Income	74,376.57		78,593.00		-4,216.43		94.64%	
Expense								
01-1310 ꞏ Engineering	0.00		1,500.00		-1,500.00		0.0%	
01-1311 ꞏ Management Fees	10,992.00		32,976.00		-21,984.00		33.33%	
01-1315 ꞏ Legal Fees	1,795.00		9,000.00		-7,205.00		19.94%	
01-1318 ꞏ Assessment/Tax Roll	0.00		6,750.00		-6,750.00		0.0%	
01-1320 ꞏ Audit Fees	0.00		3,500.00		-3,500.00		0.0%	
01-1450 ꞏ Insurance	6,134.00		5,900.00		234.00		103.97%	
01-1480 ꞏ Legal Advertisements	103.68		775.00		-671.32		13.38%	
01-1512 ꞏ Miscellaneous	98.92		775.00		-676.08		12.76%	
01-1513 ꞏ Postage and Delivery	54.35		200.00		-145.65		27.18%	
01-1514 ꞏ Office Supplies	34.90		325.00		-290.10		10.74%	
01-1540 ꞏ Dues, License & Subscriptions	175.00		175.00		0.00		100.0%	
01-1550 ꞏ Trustee Fees (GF)	0.00		3,300.00		-3,300.00		0.0%	
01-1743 ꞏ Continuing Disclosure Fee	0.00		350.00		-350.00		0.0%	
01-1800 ꞏ Infrastructure Maintenance	0.00		665.00		-665.00		0.0%	
01-1815 ꞏ Miscellaneous Maintenance	0.00		3,750.00		-3,750.00		0.0%	
01-2481 ꞏ Supervisor Fee	1,600.00		4,000.00		-2,400.00		40.0%	
01-2483 ꞏ Pavement Replacement Reserve	0.00		4,346.00		-4,346.00		0.0%	
02-2482 ꞏ Payroll Tax Expense	122.40		306.00		-183.60		40.0%	
Total Expense	21,110.25		78,593.00		-57,482.75		26.86%	
Net Income		53,266.32			0.00			53,266.32			100.0%	

CENTURY PARK PLACE COMMUNITY DEVELOPMENT DISTRICT MONTHLY FINANCIAL REPORT
JANUARY 2023

REVENUES	
Annual Budget
10/1/22 - 9/30/23	
Actual Jan-23	Year To Date Actual
10/1/22 - 1/31/23	
Administrative Assessments	72,630	3,466	67,501	
Maintenance Assessments	10,916	521	10,145	
Debt Assessments	123,590	5,899	114,884	
Interest Income	60	0	546	
				
Total Revenues	$	207,196	$	9,886	$	193,076	
				
EXPENDITURES				
Administrative Expenditures				
Supervisor Fees	4,000	0	1,600	
Payroll Taxes	306	0	122	
Management	32,976	2,748	10,992	
Legal	9,000	0	1,795	
Assessment Roll	6,750	0	0	
Audit Fees	3,500	0	0	
Insurance	5,900	0	6,134	
Legal Advertisements	775	0	104	
Miscellaneous	775	13	99	
Postage	200	0	54	
Office Supplies	325	4	35	
Dues & Subscriptions	175	0	175	
Trustee Fees	3,300	0	0	
Continuing Disclosure Fee	350	0	0	
				
Total Administrative Expenditures	$	68,332	$	2,765	$	21,110	
				
Maintenance Expenditures				
Engineering/Inspections	1,500	0	0	
Miscellaneous Maintenance	3,750	0	0	
Pavement Replacement Reserve	4,346	0	0	
Infrastructure Maintenance	665	0	0	
Total Maintenance Expenditures	$	10,261	$	-	$	-	
				
TOTAL EXPENDITURES	$	78,593	$	2,765	$	21,110	
				
REVENUES LESS EXPENDITURES	$	128,603	$	7,121	$	171,966	
				
Bond Payments	(116,175)	(5,665)	(109,239)	
				
BALANCE	$	12,428	$	1,456	$	62,727	
				
County Appraiser & Tax Collector Fee	(4,143)	(96)	(1,849)	
Discounts For Early Payments	(8,285)	(297)	(7,612)	
				
EXCESS/ (SHORTFALL)	$	-	$	1,063	$	53,266	

Bank Balance As Of 1/31/23	$	125,138.55	
Accounts Payable As Of 1/31/23	$	8,929.96	
Accounts Receivable As Of 1/31/23	$	-	
Reserve For Pavement Replacement As Of 1/31/23	$	2,936.00	
Available Funds As Of 1/31/23	$	113,272.59	

CENTURY PARK PLACE CDD TAX COLLECTIONS
2022-2023

#	

ID#	

PAYMENT FROM	

DATE	

FOR	

Tax Collect Receipts	

Interest Received	

Fees	

Discount	

Net From Tax Collector	
Admin.
Assessment Income (Before Discounts & Fee)	
Maint.
Assessment Income (Before Discounts & Fee)	
Debt Assessment Income (Before Discounts & Fee)	
Admin.
Assessment Income (After Discounts & Fee)	
Maint.
Assessment Income (After Discounts & Fee)	
Debt Assessment Income (After Discounts & Fee)	

Debt Assessments Paid to Trustee	
									$207,136.00	$72,630.00	$10,916.00	$  123,590.00	$72,630.00	$10,916.00	$123,590.00		
									$194,768.00	$68,332.00	$10,261.00	$  116,175.00	$68,332.00	$10,261.00	$116,175.00	$116,175.00	
1	1	Miami-Dade Tax Collector	11/23/22	NAV Taxes	$	15,018.97		$	(144.08)	$	(610.63)	$	14,264.26	$	5,265.62	$	791.50	$	8,961.85	$	5,001.01	$	751.70	$	8,511.55	$	8,511.55	
2	2	Miami-Dade Tax Collector	12/07/22	NAV Taxes	$	164,463.52		$  (1,578.85)	$	(6,578.77)	$	156,305.90	$  57,660.72	$	8,666.32	$	98,136.48	$  54,800.65	$	8,236.40	$	93,268.85	$	93,268.85	
3	3	Miami-Dade Tax Collector	12/22/22	NAV Taxes	$	3,162.76		$	(30.36)	$	(126.50)	$	3,005.90	$	1,108.86	$	166.66	$	1,887.24	$	1,053.80	$	158.40	$	1,793.70	$	1,793.70	
4	4	Miami-Dade Tax Collector	01/11/23	NAV Taxes	$	9,885.69		$	(95.89)	$	(296.56)	$	9,493.24	$	3,465.89	$	521.00	$	5,898.80	$	3,328.24	$	500.35	$	5,664.65	$	5,664.65	
5									$	-							$	-	
6									$	-							$	-	
7									$	-							$	-	
8									$	-							$	-	
9									$	-							$	-	
10									$	-							$	-	
11									$	-							$	-	
12									$	-							$	-	
13									$	-							$	-	
14									$	-							$	-	
15									$	-							$	-	
					$	192,530.94	$	-	$ (1,849.18)	$	(7,612.46)	$  183,069.30	$  67,501.09	$  10,145.48	$  114,884.37	$ 64,183.70	$  9,646.85	$ 109,238.75	$ 109,238.75	

Assessment Roll = $207,160.78		Note: $207,136, $72,630, $10,916, and $123,590 are 2022/2023 Budgeted	
		assessments before discounts and fees.	
Admin:	72,630.33	$194,768, $68,332, $10,261 and $116,175 are 2022/2023 Budgeted	
Maint:	10,916.23	assessments after discounts and fees.	

Debt:  123,614.22
Total  207,160.78

$	192,530.94
$	-
$	(67,501.09)
$	(10,145.48)
$	-

$  183,069.30
$  (64,183.70)
$	(9,646.85)
$	-

$  (114,884.37)	$  (109,238.75)
$	-	$	-