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CORY LAKES COMMUNITY DEVELOPMENT DISTRICT REGULAR MEETING AGENDA January 18, 2018
Transcript
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CORY LAKES COMMUNITY DEVELOPMENT

DISTRICT

REGULAR MEETING

AGENDA

January 18, 2018

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Cory Lakes Community Development District OFFICE OF THE DISTRICT MANAGER

2300 Glades Road, Suite 410W●Boca Raton, Florida 33431 Phone (561) 571-0010●Fax (561) 571-0013●Toll-free: (877) 276-0889

January 11, 2018

Board of Supervisors

Cory Lakes Community Development District

Dear Board Members:

The Board of Supervisors of the Cory Lakes Community Development District will hold a

Regular Meeting on Thursday, January 18, 2018 at 6:00 p.m., at the Cory Lake Beach Club,

10441 Cory Lake Drive, Tampa, Florida 33647. The agenda is as follows:

1. Call to Order/Roll Call

2. Chairman’s Opening Comments

3. Other Supervisor(s) Opening Comments

4. Public Comments (agenda items) [3 minutes per speaker]

5. Committee Reports

A. Security

B. Finance

C. Landscape Aquascape Facilities

D. Spirit Committee

E. Gym and Landscape Lighting Survey

6. Approval of Minutes

A. Board of Supervisors: December 14, 2017

i. Summary of Motions

ii. Staff Directives

iii. Regular Meeting

B. LAF Committee

i. January 9, 2018 (to be provided under separate cover)

ATTENDEES: Please identify yourself each time you speak to facilitate accurate transcription of meeting minutes.

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Board of Supervisors

Cory Lakes Community Development District

January 18, 2018, Regular Meeting Agenda

Page 2

C. January 2, 2018 to January 16, 2018, Sunshine Board (to be provided under

separate cover)

D. Gym and Landscape Lighting Survey Committee

i. January 9, 2018

ii. January 16, 2018 (to be provided under separate cover)

E. Other

7. Consideration of Speeder Information Sharing and Cooperation Agreement with POA

8. Update: Focused Gym and Landscape Lighting Survey

9. Discussion: Roadway Cleaning

10. Acceptance of Unaudited Financial Statements as of November 30, 2017

11. Staff Reports

A. District Engineer

B. Office Administrator

C. Facilities Manager

D. District Manager

i. NEXT MEETING DATE: February 15, 2018 at 6:00 P.M.

12. Other Business

13. Public Comments (non-agenda items)

14. Supervisors’ Requests

15. Adjournment

Should you have any questions and/or concerns, please contact me directly at 239-464-7114.

Sincerely,

Chesley E. Adams, Jr.

District Manager

FOR BOARD MEMBERS AND STAFF TO ATTEND BY TELEPHONE

CALL IN NUMBER: 1-888-354-0094

CONFERENCE ID: 8593810

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1

SUMMARY OF MOTIONS MINUTES OF MEETING

CORY LAKES

COMMUNITY DEVELOPMENT DISTRICT

A Regular Meeting of the Cory Lakes Community Development District’s Board of

Supervisors was held on Thursday, December 14, 2017 at 6:00 p.m., at the Cory Lake Beach

Club, 10441 Cory Lake Drive, Tampa, Florida 33647.

Present at the meeting were:

Jorge Castillo (via telephone) Chair

Sudhir (Sid) Shah Vice Chair

Bob Woodards Assistant Secretary

David Burman Assistant Secretary

Sheila Haque Assistant Secretary

Also present were:

Chuck Adams District Manager

Wendy Darby Office Administrator

John Hall Facilities Manager

Rich Carpenter Resident, LAF Committee Member

A. J. Forbes Resident, Security Committee Member

A. Cyril Spiro Resident, Finance Committee Member

Don Benoit Allied Security

Ariel Hernandez Safari Landscape and Horticultural Services

Inc.

Adam Khan Resident

Scott Walley Resident

Dr. Amrit Patel Resident

Roberta Caro Resident

Carlos Guzman Resident

Steven Hancz Resident

Harry Ramphal Resident

Rene Fontcha Resident

On MOTION by Mr. Shah and seconded by Mr. Castillo, with

all in favor, moving the Tenth Order of Business, Continued

Discussion: Focused Gym Survey, to be the next item

addressed, was approved.

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CORY LAKES CDD December 14, 2017

2

On MOTION by Mr. Castillo and seconded by Ms. Haque,

with all in favor, accepting the Survey Committee Members,

Dr. Cyril Spiro, Ms. Elizabeth Ross, Mr. Gulab Sher, Mr.

Carlos Guzman, Dr. Levent Kara, Mr. Steven Hancz and Mr.

Rene Fontcha, as stated, were approved.

On MOTION by Mr. Shah and seconded by Mr. Burman, with

all in favor, the November 16, 2017 Board of Supervisors

Summary of Motions, Staff Directives and Regular Meeting

Minutes, as amended, the December 12, 2017 LAF Committee

Meeting Minutes and November 28, 2017– December 12, 2017

Sunshine Board Meeting Minutes, as presented, were

approved.

On MOTION by Mr. Burman and seconded by Mr. Castillo,

with all in favor, the Unaudited Financial Statements as of

October 31, 2017, were approved.

On MOTION by Mr. Castillo and seconded by Ms. Haque,

with all in favor, the In-House Events, Graphics and

Community Relations Administrant position, was approved.

On MOTION by Mr. Castillo and seconded by Mr. Shah, with

all in favor, the Yellowstone Landscape LLC Agreement for

Landscape Maintenance Services, deeming them to be the

lowest responsible and responsive bidder who would best serve

the interests of the community, based upon the sealed bidding

process during the summer, at a first-year cost of $385,254.89,

with a credit of $2,363.76 for the first two flower rotations in

the first year, and a two-year renewal option, was ratified.

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CORY LAKES CDD

December 14, 2017

Board of Supervisors Staff Directives

Facilities Manager

Direct the rover to ensure that the Club is emptied after meetings and to secure the amenities.

Per Mr. Shah, contact a resident who yanks the gym door and inform her that a key was available at the

Clubhouse if the fingerprint entry did not work.

Per Mr. Castillo, notify Ms. Darby of the Ribbon Cutting Ceremony for the book boxes on December 23 at

12:30 p.m.

Office Manager

Circulate a reminder that Mr. Don Benoit must provide a quarterly update to the Board.

Send invitations to the community at large to the Ribbon Cutting Ceremony for the book boxes on

December 23 at 12:30 p.m.

District Engineer

District Counsel

District Manager

Per Mr. Burman, Mr. Adams would draft a disclaimer saying that the meeting minutes were summarized as

opposed to verbatim, as a first page footnote, going forward.

Mr. Adams would compile journal entry changes from the year-end financial statements for Mr. Castillo.

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Disclaimer: Readers should be aware that these summary minutes are intended to provide

highlights of topic discussions and items being considered.

MINUTES OF MEETING 1

CORY LAKES 2

COMMUNITY DEVELOPMENT DISTRICT 3 4

A Regular Meeting of the Cory Lakes Community Development District’s Board of 5

Supervisors was held on Thursday, December 14, 2017 at 6:00 p.m., at the Cory Lake Beach 6

Club, 10441 Cory Lake Drive, Tampa, Florida 33647. 7

8

Present at the meeting were: 9

10

Jorge Castillo Chair 11

Sudhir (Sid) Shah Vice Chair 12

David Burman Assistant Secretary 13

Sheila Haque Assistant Secretary 14

15

Also present were: 16

17

Chuck Adams District Manager 18

Wendy Darby Office Administrator 19

John Hall Facilities Manager 20

Rich Carpenter Resident, LAF Committee Member 21

A. J. Forbes Resident, Security Committee Member 22

A. Cyril Spiro Resident, Finance Committee Member 23

Don Benoit Allied Security 24

Ariel Hernandez Safari Landscape and Horticultural Services, 25

Inc. 26

Adam Khan Resident 27

Scott Walley Resident 28

Dr. Amrit Patel Resident 29

Roberta Caro Resident 30

Carlos Guzman Resident 31

Steven Hancz Resident 32

Harry Ramphal Resident 33

Rene Fontcha Resident 34

35

36

FIRST ORDER OF BUSINESS Call to Order/Roll Call 37

38

Mr. Castillo called the meeting to order at 6:00 p.m. Supervisors Castillo, Shah, Burman 39

and Haque were present, in person. Supervisor Woodwards was not present. 40

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CORY LAKES CDD December 14, 2017

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SECOND ORDER OF BUSINESS Chairman’s Opening Comments 41

42

Mr. Castillo thanked the audience for attending the meeting and stated that the Board had 43

nothing but the best interest of the entire community at heart and desired to keep home values as 44

high as possible, as the Board Members also resided in Cory Lakes. With regard to 45

communications, Mr. Castillo stated that all circulated letters were approved by at least two Board 46

Members. A recently-circulated letter contained information that certain residents did not agree 47

with and, although residents had every right to voice their displeasure, comments made on social 48

media should be kept to a minimum, as they reverberated and had a negative impact on the 49

community. It was better to voice complaints and resolve issues in this forum rather than on the 50

Nextdoor website. 51

A resident suggested discussing the gym issue earlier in the meeting, as most attendees 52

were concerned about the gym issue and would not want to wait three hours to partake in the 53

discussion. Mr. Castillo would motion to reposition the gym survey discussion. 54

55

THIRD ORDER OF BUSINESS Other Supervisor(s) Opening Comments 56

57 Mr. Shah endorsed Mr. Castillo’s comments and stated that the Board served at the 58

pleasure of the community and were equally affected by Board decisions. The current Board 59

members were “givers”, not “takers”, and had good intentions for the community. The goal was 60

to increase property values and attract new residents. Mr. Shah shared that his mission would be 61

persuasion through argumentation. 62

63

FOURTH ORDER OF BUSINESS Public Comments (agenda items) [3 64

minutes per speaker] 65

66 Ms. Roberta Caro, a resident, stated that two young men with backpacks were loitering 67

and trespassing behind homes. She called the office to report the suspicious activity and was 68

disappointed by the response. She was told that nothing could be done and to report the incident 69

to the Tampa Police Department (TPD). She felt strongly that the District should be concerned 70

about suspicious people walking behind homes but concluded that there was a lack of concern by 71

the District, which was disheartening. Mr. Castillo stated that, in such cases, residents should 72

call the TPD’s non-emergency number or 911. Mr. Hall stated that he was off on Saturdays and 73

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CORY LAKES CDD December 14, 2017

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the rover could respond to such calls between 6:00 p.m., and 6:00 a.m., but the guards could not 74

leave their posts. Discussion ensued regarding the TPD, the POA and trespassers. 75

Mr. Harry Ramphal, a resident, read into the record the following written statement 76

related to the District’s sale of land to a Developer and the consideration of the gym: 77

“Mr. Sid Shah is on the CDD Board and supported the building of a new 78

gym; he has openly, publicly and privately said that the wants to do this because 79

his son wanted this and was considering moving to Cory Lake Isles. As if that 80

was not enough, Sid Shah was also the liaison between the survey committee and 81

the CDD Board. He has one of the five final CDD votes; this is a conflict of 82

interest. He must step down from the voting process due to the conflicts of 83

interest. He will not vote for what the majority of the homeowners want. CDD 84

Board member, Mr. David Burman has the second of five votes. For your 85

information and so that you are all aware, his wife, Louise, is handling the actual 86

survey distribution and results. This is a major conflict of interest. One or the 87

other must resign tonight; David or Louise Burman. So now, neighbors, we have 88

two CDD Board Members with significant conflicts of interest. This must be 89

addressed by the CDD Board tonight; these conflicts of interest must be 90

addressed and conflicts must be resolved. Be aware, homeowners that CDD 91

Board members are pushing for the sale of the land, while dangling a carrot in 92

front of you with the offer of a new gym. The CDD Board Members working in 93

favor to sell the land between Capri and Canary Isle have offered to have 94

additional homeowners join the survey committee, yet they have not acted to 95

allow others to join. Why is this? What are they afraid of? The CDD Board sent 96

an email to all of the residents on November 22, saying that they had not formed 97

an official committee. This is a flat-out lie. During the last CDD meeting, the 98

Board voted Cyril and Elizabeth to be on the survey committee. Elizabeth is a 99

homeowner that wasn’t here at the meeting and never even had knowledge that 100

she had been named into a new committee. Had it not been for Levent Kara, a 101

concerned resident who reached out to her two weeks after the last meeting, she 102

may not have ever known that she was named to the survey committee. Why did 103

the CDD Board do this? I ask the Board to respond to this tonight. I have reached 104

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CORY LAKES CDD December 14, 2017

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out to Sid, Cyril, Chuck and Wendy to allow me to be part of the survey committee 105

and other residents have also requested being part of the survey committee. No 106

one says “Yes;” they all pass the buck to one another and will not respond to any 107

other resident to participate in this committee, why? Board Members, I ask this 108

question tonight. 109

Another concerned homeowner, Lisa Ling, on Nextdoor, suggested that 110

the sale of the land should not be confused or combined with the issue of building 111

the new gym. This is what happened with Capri Isle and the swimming pool we 112

have today. By getting a pool, in exchange, they allowed the Developer to deviate 113

in making Capri Isle homes similar to the rest of the homes in Cory Lake Isles. 114

You all know those homes do not look like the rest of the homes here. Many 115

homeowners question whether it was worth it. Even a Board member here tonight 116

stated that he felt that not enough people used the pool and that he was afraid the 117

same thing might happen with the new gym, a new building. A majority of the 118

residents have already voted to expand the current gym versus building a new 119

gym. Will a million dollar gym be used more, much more than expanding the 120

current gym? By 30%, the current gym can be expanded for only $100,000. We 121

can pay for this today; we have $1.2 million at the end of the year, in surplus 122

funds, as I have been told. The cost of maintaining a new building and gym is 123

significant; cleaning, electrical costs, general maintenance, heating and air 124

maintenance and repairs, equipment maintenance, equipment repairs, equipment 125

replacement etc., and we all have to pay for this in the future, so our yearly fees 126

may increase. I do not think there is a doubt about that. And then, there is a 127

safety and liability issue that no Board Member has considered and I did not 128

consider this either when I first saw that survey. Putting up this building behind 129

the tennis and the basketball courts will hide it from public view, therefore, 130

increasing the risk of a homeowner being assaulted, especially at night. And then, 131

neighbors and Board members, we will face a lawsuit. How many will actually 132

feel safe walking back there at night? Okay, maybe I will but some people won’t. 133

Okay, some people will be afraid to walk back there at night or come out of there 134

at 9:00, 10:00 o’clock at night, especially if you are the only ones in the gym. 135

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CORY LAKES CDD December 14, 2017

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Lastly, a park should be considered for the land between Capri and 136

Canary Isles, with areas to sit and perhaps, picnic tables. It would be a relaxing 137

area that would increase resident interaction. An incorporated small dog park 138

would also be ideal for both pets and homeowners to interact. Many homeowners 139

have already openly asked for a dog park, which was in the open comments of the 140

last survey. I have a count there too. If we allow the land between Capri and 141

Canary Isles to be sold to a Developer, it will have the same effect that the three 142

homes now have on the land at the Cross Creek entrance, and that’s not very 143

pretty, is it?” 144

Mr. Castillo stated that the gym issue would be addressed later in the meeting unless any 145

of the Board Members wanted to respond on Mr. Ramphal’s remarks. 146

Mr. Shah denied, for the record, saying that his son wanted to use the gym. He stated that 147

his son did not settle in Cory Lakes and never, ever used the gym at Cory Lakes or anywhere 148

else, as he is a basketball player. He urged all residents to get their facts right before putting 149

them on social media. Mr. Adams stated that conflicts of interest were very specific, in terms of 150

government officers, and this situation did not constitute a legal conflict of interest. Mr. 151

Ramphal disagreed and stated “Maybe we need lawyers involved.” Mr. Shah stated that no 152

decision was made on the sale of the land, which was still under consideration, and all of the 153

posts on social media regarding the land sale were not accurate. 154

Mr. Ramphal stated that a new, hardcopy gym survey, from an independent organization, 155

should be circulated with a return envelope to every resident in the community and a panel, with 156

no Board Members, should be formed to oversee the results. He spoke to over 200 people and 157

believed that the majority of the residents did not want the gym. 158

Mr. Burman stated that his wife was a POA Committee Member and had nothing to do 159

with CDD Board decisions and discussions. The survey she was involved with dealt with the 160

existing POA Covenants and changes this community would want in the existing Covenants. 161

The voting would be electronic and conducted by a private institution hired by the POA and 162

would occur in January or February. 163

Dr. A. Cyril Spiro, a resident, supported the independent survey, per Mr. Ramphal’s 164

suggestion, and felt that it would be a huge win if the Board hired professionals and paid them to 165

conduct the survey because the process would be institutionalized. It was important that 166

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CORY LAKES CDD December 14, 2017

6

residents had a say in the decisions of the Board, which was what propelled him to volunteer to 167

conduct surveys and felt that his efforts paid off as the community has improved in the past few 168

years. The majority of the community would like to expand the gym and the way that the survey 169

was phrased this year, in regard to the new gym and the land, did not account for the possibility 170

that some people wanted to pay $1.2 million but not sell the land. The comments posted on 171

social media regarding the gym, the land sale and Board Members were largely false, leaving 172

innocent people to defend themselves and others wondering who was being truthful, which was 173

wrong, and residents must know the facts prior to making accusations. 174

Mr. Ramphal stated that he made conclusions after meeting with Mr. Shah, on Monday, 175

regarding the land sale and would prefer to pay $700 towards a new gym rather than sell the 176

land, which he felt was the consensus of most residents. Discussion ensued regarding the survey, 177

facts and information on social media. Mr. Burman stated that the Survey Committee was set 178

up, formally, on November 17, 2012. 179

Dr. Amrit Patel, a resident, presented photographs and expressed concern about the 180

bumpy road conditions. Discussion ensued regarding the road conditions, truck traffic, installing 181

speed bumps, road settling and destruction of pavers. 182

In response to a resident’s question, Mr. Castillo confirmed that the public’s comments 183

would be in the minutes and urged residents to submit their names prior to making comments. 184

Mr. Scott Walley, a resident, stated that he was opposed to building a gym with funds 185

from the sale of the land and that many residents were at an age where they do not frequent the 186

gym; some seniors would not participate or utilize a gym. Since he was a caregiver to his 100-187

year old mother, he seldom accessed his emails and requested all CDD correspondence be 188

mailed to him. In response Mr. Castillo’s question, Mr. Walley participated in two of the 189

surveys with Ms. Darby’s help. He felt that infrastructure repairs were more pressing than a new 190

gym and that the community has deteriorated in the ten years that he has resided in Cory Lakes. 191

Discussion ensued regarding infrastructure, ticketing speeders, the TPD and manholes. 192

Mr. Burman stated that the District went back to utilizing State Troopers this week. Mr. Castillo 193

stated there were funds in the budget for sidewalk repairs. Mr. Shah urged the audience to 194

provide Mr. Hall with the addresses where sidewalk repairs are necessary. 195

Mr. Adam Khan, a resident, voiced his opinion that the Regular Meeting Minutes were 196

unfairly censored because a portion of his comments at the previous meeting were drastically 197

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CORY LAKES CDD December 14, 2017

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edited and asked for an explanation. Mr. Adams stated that Management provided summary 198

minutes, which exceed the requirement to provide just motions and directives, with no narrative 199

in between. The meetings were paraphrased, as opposed to verbatim, to give an overview of the 200

public’s comments; there was no censorship and not every comment or issue could be included. 201

Mr. Khan stated that his comment/speech was completely ignored and took issue. Mr. Castillo 202

asked if there was anything specific that needed to be addressed that was not. Mr. Kahn stated 203

that the point was related to the building of the gym and his opposition to the Board Members 204

who said they have “no dog in the fight” and he voiced disagreement because, as Board 205

Members, they definitely “had a dog in the fight” and he felt that it should have been included in 206

the minutes. Mr. Khan felt that the survey questions were misleading, were not written in the 207

most proper manner and could be misconstrued; he was familiar with data analytics from having 208

served in the military. Mr. Khan stated that Mr. Levent Kara and Mr. Carlos Guzman were 209

concerned residents who volunteered to help write the survey and were being denied, which was 210

wrong. Mr. Kahn voiced his opinion that the Board asked for community input yet completely 211

ignored the two gentlemen on the Nextdoor website. Mr. Castillo stated that the Board could not 212

legally respond to anything outside of the Regular Meetings and shared that the Board would not 213

vote on the gym or the land for some time. Mr. Castillo assured Mr. Khan that another survey 214

would be created and circulated by mail. In response to Mr. Khan’s question regarding resident 215

participation, Mr. Castillo welcomed all interested residents to be a part of the survey. 216

Discussion ensued regarding resident involvement in the survey, the gym, the land sale and 217

preserving home values. Mr. Castillo reiterated that the Board did not want homes devalued and 218

asked to reposition the Tenth Order of Business. 219

Mr. Steven Hancz, a resident, thanked the Board for their efforts to better the community 220

despite facing a monthly “firing squad”, and finding consensus among people, which was very 221

difficult. He felt that whatever the Board decided about the gym, speeding or anything else, the 222

Board’s main purpose was to increase home values and improve the quality of life in Cory Lake 223

Isles, and improving the gym would benefit the community. It was impossible to please 224

everybody and the Board Members were doing a fine job. Mr. Castillo stated that the Board’s 225

intention was to do the right thing for the community and seconded Mr. Shah’s motion regarding 226

repositioning the Tenth Order of Business. 227

228

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CORY LAKES CDD December 14, 2017

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On MOTION by Mr. Shah and seconded by Mr. Castillo, with 229

all in favor, moving the Tenth Order of Business, Continued 230

Discussion: Focused Gym Survey, to be the next item 231

addressed, was approved. 232

233

234

Continued Discussion: Focused Gym Survey 235

***This item, previously the Tenth Order of Business, was presented out of order.*** 236

Mr. Shah stated that he researched the gym issue and shared his findings: 237

The existing gym is about 900 square feet and, if expanded, it would only be 200 square 238

feet bigger. 239

Two load bearing walls could be converted. 240

Existing restrooms must be renovated to be in compliance with the Americans with 241

Disabilities Act (ADA). 242

Entire project cost was estimated at $350,000 to $400,000, instead of $60,000 to 243

$120,000, as rumored on social media. 244

In response to a resident’s question regarding reserved funds, Mr. Shah stated that the 245

District did not have $1.2 million to spend. There were no increases in CDD assessments, since 246

2013, and the District had an excess of $400,000 in the reserve fund. In response to a resident’s 247

question, Mr. Adams stated that funds were used to repair the control structures and some 248

leftover capital projects. Mr. Castillo concluded that the District had $600,000 or $700,000 in 249

reserves, minus $450,000, which was set aside to pay expenses during the first three months of 250

the fiscal year, prior to receiving tax revenues. 251

Regarding comments about Capri, Mr. Shah gave the backstory on why the Capri Isles 252

homes were different. Dr. Spiro confirmed that the builder wanted smaller homes than usual 253

and, if the District objected, the land would have been foreclosed on. At that time, the District 254

was $2 million in debt, which was tied into all of the homes in the community. The land in 255

question is only 2.95 acres, zoned for 10 single-family homes and was controlled by the CDD. 256

The POA answered to a Design Review Committee (DRC), which controlled architectural and 257

aesthetic matters and what the square footage would be. Mr. Castillo stated that there were 258

options with regard to the land and the Board could opt to build a dog bark, the gym or not do 259

anything with the land. The community would be surveyed again before any decisions were 260

made. He anticipated opposition from residents who must pay a $500 assessment when they did 261

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CORY LAKES CDD December 14, 2017

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not use the gym and stated that the best answer would be that it impacts property values. In 262

response to a question regarding instituting a membership fee, Mr. Castillo stated that it would 263

be very difficult to manage and would involve taking out a loan, which was not under 264

consideration. Discussion ensued regarding the three options and the new survey. Ms. Haque 265

wanted to know how the new survey would be created. Mr. Adams stated that a new Survey 266

Committee should be formed, with Mr. Shah remaining as liaison, and including Dr. Spiro, Mr. 267

Levent Kara, Mr. Carlos Guzman, Mr. Gulab Sher and Ms. Elizabeth Ross. Ms. Darby would 268

contact Ms. Ross. Dr. Spiro stated that he could only commit to limited participation. 269

270

On MOTION by Mr. Castillo and seconded by Ms. Haque, 271

with all in favor, accepting the Survey Committee Members, 272

Dr. Cyril Spiro, Ms. Elizabeth Ross, Mr. Gulab Sher, Mr. 273

Carlos Guzman, Dr. Levent Kara, Mr. Steven Hancz and Mr. 274

Rene Fontcha, as stated, were approved. 275

276

277

Dr. Spiro suggested that Mr. Shah set up the first meeting and the Committee Member 278

who presided over subsequent meetings would invite the CDD Chair and the Vice Chair. Mr. 279

Adams asked to be informed of the meeting schedules to facilitate posting them on the CDD 280

website. Mr. Castillo hoped that the Committee would only operate for a few months. 281

Mr. Burman recalled that the CDD Board previously contemplated building a dog park 282

and the project was rejected by the community three times. Dr. Spiro stated that residents liked 283

the dog park idea but not the price. Discussion ensued. 284

285

FIFTH ORDER OF BUSINESS Vendor Presentations 286

287

i. Allied Security – Don Benoit, Client Manager 288

Mr. Benoit provided a brief overview of Allied Security (Allied) and his professional 289

background. He was new to the position but already established a rapport with Mr. Hall and Ms. 290

Darby. Mr. Fajardo was in charge of day-to-day operations while he primarily handled direct 291

client contact. In response to Mr. Castillo’s question, Mr. Benoit confirmed that he was Mr. 292

Fajardo’s manager. Mr. Burman asked Mr. Benoit to give the Security Committee 293

recommendations of how to improve the community’s security. A resident expressed the 294

opinion that the District’s security was referred to as “a joke” in neighboring communities, as 295

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CORY LAKES CDD December 14, 2017

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anyone could gain access and the guards do not ask for identification or call ahead. Mr. Benoit 296

stated that a strong law enforcement presence would be helpful and suggested hiring the TPD or 297

Florida Highway Patrol (FHP) to patrol the area for two or three days per week. Mr. Shah noted 298

Uber drivers gaining easy access to the community and issues with guards not calling residents 299

to announce visitors. Mr. Benoit stated that there was some confusion with residents having 300

similar last names, which was an excuse, and promised to investigate the matter and provide an 301

update. Mr. Castillo stated that he added his visitors on the Envera App. Mr. Walley asked if he 302

could continue to call the gate to inform them of visitors. Mr. Adams stated that there was a new 303

process; residents could call the office or Envera directly and provide visitor information to 304

customer service, which would put the visitor’s name in the computer for security personnel. 305

Mr. Adams suggested allowing Mr. Benoit to become familiar with the community and invite 306

him back in 60 days or more for a report. Mr. Castillo suggested that Mr. Benoit make quarterly 307

presentations and directed Ms. Darby to circulate a reminder every quarter. In response to Mr. 308

Castillo’s question, Mr. Benoit confirmed that security was fully staffed. Mr. Castillo asked Mr. 309

Benoit to share contact information with Mr. Forbes. 310

ii. Safari Landscape and Horticultural 311

Mr. Ariel Hernandez stated that Safari Landscape and Horticultural Services, Inc. (SLH) 312

was a local company was asked to create a lighting system in the Cross Creek, Morris Bridge and 313

Clubhouse areas and presented diagrams and photographs. Mr. Hernandez explained the 314

different types of installation in SLH’s proposal. Mr. Castillo wanted to know if the depth would 315

be higher than the sprinkler system conduit. Mr. Hernandez replied that it was a bit lower; there 316

would be three zip ties to every connection. Discussion ensued regarding the junction boxes, 317

conduits and installation. In response to a question, Mr. Hernandez stated that the fixture had a 318

five-year lifespan. Ms. Haque asked about interchangeable color lenses on the lighting fixtures. 319

Mr. Hernandez was unsure but would check with the product specialist and the installer. Due to 320

the high cost, Mr. Burman suggested dividing the project into phases. In response to Mr. 321

Castillo’s question regarding the next step, Ms. Haque suggested including the low voltage 322

lighting project into the survey. Discussion ensued regarding the electrical conduits and 323

commercial grade solar lighting. Ms. Haque asked if lighting would still be installed around the 324

pool and if there was a way to add lighting on the sidewalk towards the Morris Bridge. Mr. 325

Castillo stated that the pool already had lighting. Since this was an expensive item, Mr. Castillo 326

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CORY LAKES CDD December 14, 2017

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felt that it should be included in the survey and, by that time, TECO would be done with its 327

lighting and the Board would know how the community looked. Mr. Shah cautioned about 328

adding too many items on the survey. Ms. Haque felt it would be good for residents to see where 329

funds should be spent, as things needed to be improved in the community. Mr. Castillo asked if 330

some TECO lights would be removed in Capri. Mr. Hall stated Engineering toured the 331

community and recommended that 11 light poles be moved in Capri, another should be relocated 332

elsewhere and six new light poles should be installed; the costs for running the power to the 333

lights was pending. Discussion ensued regarding the lighting in Capri, Morris Bridge and Cross 334

Creek entrances. Mr. Castillo stated that the project would be included in the survey, along with 335

pictures, and the District would get back to Mr. Hernandez. 336

337

SIXTH ORDER OF BUSINESS Committee Reports 338

339

A. Security 340

This item was addressed during Item 6C. 341

B. Finance 342

There being no report, the next item followed. 343

C. Landscape Aquascape Facilities 344

Ms. Haque stated that most of the issues related to Landscape Maintenance Professionals, 345

Inc. (LMP) should be resolved. In response to Mr. Castillo’s question, Mr. Adams confirmed 346

that December 31 would be the last day of the LMP contract and the Agreement with 347

Yellowstone would be ratified later in the meeting. 348

Security 349

***This item, previously Item 6A, was presented out of order.*** 350

Mr. Burman requested an overview of the security conference call with the POA. Mr. 351

Adams reported that he participated in a conference call with the POA attorney, District Counsel, 352

including Mr. Straley and Mr. Babbar, and Mr. Burman to discuss sharing the speed board and 353

radar information with the POA and the POA’s ability to utilize it in a fining scenario, through 354

the POA’s documents. District Counsel was confident that could be accomplished and discussed 355

what to be careful of and potential pushback about the stop sign and stoplight cameras that some 356

communities installed and then removed to minimize complaints. From District Counsel’s 357

perspective, the radar and speed board information was public record and the CDD could share it 358

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at no cost and the POA could compensate the CDD with a monetary contribution; however, the 359

CDD would not accept a portion of any fines collected, as a part of that the arrangement. The 360

POA’s attorney would draft the Agreement and District Counsel would review and revise it. In 361

response to Mr. Castillo’s question regarding traffic control, Mr. Adams stated that today FHP 362

will commence weekly four hour patrols, on random days and times, at a cost of $1,000 per 363

month and TPD patrols would be reserved for holidays and special events. Mr. Burman asked if 364

FHP would check in with Staff, upon arrival. Mr. Adams stated that the guard at the gate would 365

notify Staff of FHP’s presence. Mr. Burman opposed warnings and felt that FHP should be 366

informed that the District was not interested in warnings. Mr. Adams replied that the District 367

could not direct FHP, as stipulated in the Agreement. Discussion ensued regarding warnings 368

versus citations, FHP report contents and the speed limit. 369

Ms. Haque stated that LAF requested a bench for the picnic table at the basketball courts 370

and greatly appreciated having Mr. Hall at the LAF meetings. The Committee felt strongly that 371

the CDD should keep the green space as is. Favorable feedback on the Christmas lighting was 372

received and Ms. Haque suggested decorations for the holiday party at the Beach Club. 373

D. Spirit Committee 374

There being no report, the next item followed. 375

376

SEVENTH ORDER OF BUSINESS Approval of Minutes 377

378

A. November 16, 2017, Board of Supervisors 379

i. Summary of Motions 380

Mr. Castillo presented the November 16, 2017 Summary of Motions and asked for any 381

additions, deletions or corrections. 382

ii. Staff Directives 383

Mr. Castillo presented the November 16, 2017 Staff Directives and asked for any 384

additions, deletions or corrections. The following change was made: 385

Change: “Mr. Adams to discontinue Lifestyle Committee and Spirit Committee Reports 386

from future agendas.” to “Mr. Adams to exclude Lifestyle Committee and keep the Spirit 387

Committee Report on all future agendas.” 388

iii. Regular Meeting 389

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Mr. Castillo presented the November 16, 2017 Regular Meeting Minutes and asked for 390

any additions, deletions or corrections. The following changes were made: 391

Line 33 and throughout: Change “Shirap Disan” to “Sharab Desai” 392

Line 95: Insert “Mr. Castillo left the meeting.” 393

Line 211: Change “$30,000” to “$13,000” 394

Lines 244 to 246: Delete “Mr. Shah felt that the Board should decide on the gym 395

expansion today and not belabor the topic further; in order to attract young, educated and 396

successful individuals, the community must have a modern gym.” 397

Lines 322 and 323: Delete “Ms. Haque noted that Mr. Forbes did not formally approved 398

the Committee reports” 399

Line 358: Change “Mr. Burman” to “Ms. Haque” 400

Line 375: Change “discontinue” to “remove” 401

Line 375: Delete “and remove it” 402

Line 383: Delete entire line 403

Line 506: Change “the Board brokered a deal” to “the Board, at that time, brokered a 404

deal” 405

Line 507: Insert “vacant” before “property” 406

For clarification purposes, Mr. Burman suggested adding a disclaimer to the minutes 407

stating that the minutes were a summarized version of the meetings, as opposed to verbatim 408

minutes. Mr. Adams would add a footnote to the first page. 409

B. LAF Committee 410

i. December 12, 2017 (to be provided under separate cover) 411

Mr. Castillo presented the December 12, 2017 LAF Committee Meeting Minutes and 412

asked for any additions, deletions or corrections. 413

C. November 28, 2017 to December 12, 2017 Sunshine Board (to be provided under 414

separate cover) 415

Mr. Castillo provided and presented the November 28, 2017 – December 12, 2017 416

Sunshine Board Minutes and asked for any additions, deletions or corrections. 417

418

419

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CORY LAKES CDD December 14, 2017

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On MOTION by Mr. Shah and seconded by Mr. Burman, with 420

all in favor, the November 16, 2017 Board of Supervisors 421

Summary of Motions, Staff Directives and Regular Meeting 422

Minutes, as amended, the December 12, 2017 LAF Committee 423

Meeting Minutes and November 28, 2017– December 12, 2017 424

Sunshine Board Meeting Minutes, as presented, were 425

approved. 426

427

428

EIGHTH ORDER OF BUSINESS Acceptance of Unaudited Financial 429

Statements as of October 31, 2017 430

431

Mr. Adams presented the Unaudited Financial Statements as of October 31, 2017. Mr. 432

Burman questioned the “Pool repairs” line item, at 29%, and asked if anything extraordinary was 433

done. Mr. Adams clarified that the $12,000 was for restringing the pool furniture. In response to 434

Mr. Castillo’s question regarding leftover funds from Fiscal Year 2017, Mr. Adams would 435

compile the journal entry changes and forward them to Mr. Castillo. 436

437

On MOTION by Mr. Burman and seconded by Mr. Castillo, 438

with all in favor, the Unaudited Financial Statements as of 439

October 31, 2017, were approved. 440

441

442

NINTH ORDER OF BUSINESS Staff Reports 443

444

A. District Engineer 445

There being no report, the next item followed. 446

B. Office Administrator 447

Mr. Shah thanked Ms. Darby for hosting the Holiday Boat Parade event and stated that it 448

was managed and organized very well and was successful. 449

Ms. Darby presented the Office Administrator’s Monthly Report dated December 14, 450

2017, including a letter notifying the Board of Ms. Lisa Kagan’s resignation as Events 451

Coordinator for Evergreen and a draft outline for an in-house events coordinator position titled 452

“Events, Graphics and Community Relations Administrant.” In response to Mr. Shah’s question 453

regarding funding, Mr. Adams stated that the full-time position would fill the gap that Evergreen 454

created. Evergreen’s contract was up for renewal at year end and would not be renewed if the 455

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CORY LAKES CDD December 14, 2017

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Board chose to fill the position. Discussion ensued regarding the responsibilities of the position 456

and potential candidates for the new position. 457

458

On MOTION by Mr. Castillo and seconded by Ms. Haque, 459

with all in favor, the In-House Events, Graphics and 460

Community Relations Administrant position, was approved. 461

462

463

Ms. Haque asked for an update on whether online payments for event tickets could be 464

made. Mr. Adams stated that it would be costly to process online payments and the square cash 465

option was more feasible. In response to Mr. Shah’s questions regarding the CDD website, Mr. 466

Adams stated that the company Strange Zone managed and safeguarded the District’s webpage 467

at a cost of $650 per year. He doubted that the website would be hacked since all information 468

was public record. In response to Mr. Castillo’s question regarding the Office Administrator’s 469

bonus, Mr. Adams stated it was previously agreed that Management would deal with bonuses 470

and salary increases, based upon prior Board approval and provided the amount was within 471

budget. 472

C. Facilities Manager 473

Mr. Hall presented the Facilities Manager Activity Report dated December, 2017, and 474

highlighted the following developments: 475

TECO lighting changeovers: Contract price would increase by $100 monthly, 476

Mr. Castillo asked about installing lighting shields in locations where the lights were too 477

bright. Mr. Hall stated the resident side could be covered but the roadway side could not and 478

nothing could be done in the cul-de-sacs. In response to Mr. Castillo’s question, thus far there 479

were no complaints and the shields cost $168 apiece. Mr. Castillo asked about the weir at the 480

Cross Creek entrance. Mr. Hall stated that two concrete structures were replaced last year. They 481

were the primary outflows into the lake from the Conservation Areas and LakeMasters Aquatic 482

Weed Control, Inc. (LakeMasters) was repairing one of the two weirs. 483

The pool furniture was being re-slung. 484

The slide at the playground would be replaced. 485

In response to Mr. Castillo’s question regarding a leaky roof in Mr. Hall’s office, Mr. 486

Hall contracted a company to make the repairs. Mr. Castillo asked what led to LMP’s 487

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CORY LAKES CDD December 14, 2017

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termination. Ms. Haque stated that there were so many complaints about LMP’s performance 488

during the LAF Committee meetings that she raised the issue at the previous meeting and the 489

decision was made to terminate LMP and engage Yellowstone. Mr. Adams stated that 490

Yellowstone was the best bidder and honored their previous bid amount. Management sent a 491

termination letter to LMP, after Thanksgiving, and $2,363.76 would be credited back to the 492

District. Mr. Shah wanted to know how an individual accessed the gym, despite the fingerprint 493

entry system, and stated that a resident who frequented the gym would yank the door until it 494

opened and he was afraid it would damage the mechanism. Mr. Hall was asked to notify the 495

resident to obtain a gym key from the Clubhouse when the fingerprint entry did not work. 496

D. District Manager 497

i. NEXT MEETING DATE: January 18, 2018 at 6:00 P.M. 498

The next meeting will be held on January 18, 2018 at 6:00 p.m., at this location. 499

500

TENTH ORDER OF BUSINESS Continued Discussion: Focused Gym 501

Survey 502

503

This item was addressed following the Fourth Order of Business. 504

505

ELEVENTH ORDER OF BUSINESS Consideration: Ratification of Agreement 506

for Landscape Services with Yellowstone 507

508

Mr. Adams stated that the Yellowstone contract was $25,000 more than the LMP 509

contract. A competitive bidding process took place and LMP bid $25,000 more and, since the 510

CDD wanted to improve the level of service, this would allow Yellowstone to meet the desired 511

standard. The first two flower change outs for the first year would be completed at no cost and 512

the District would pay for the third. In response to Mr. Castillo’s question regarding the 513

contract, Mr. Adams stated that it would be an annual contract with an option to renew for two 514

additional years and had a 30-day termination clause. Discussion ensued regarding Yellowstone, 515

LMP, community landscaping and pending maintenance work. 516

517

518

519

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CORY LAKES CDD December 14, 2017

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On MOTION by Mr. Castillo and seconded by Mr. Shah, with 520

all in favor, the Yellowstone Landscape LLC Agreement for 521

Landscape Maintenance Services, deeming them to be the 522

lowest responsible and responsive bidder who would best serve 523

the interests of the community, based upon the sealed bidding 524

process during the summer, at a first-year cost of $385,254.89, 525

with a credit of $2,363.76 for the first two flower rotations in 526

the first year, and a two-year renewal option, was ratified. 527

528

529

TWELFTH ORDER OF BUSINESS Other Business 530

531

Ms. Haque stated that Ms. Stephanie Squires sent a reminder about the ribbon cutting 532

ceremony for the three book boxes, on December 23 at 12:30 p.m., and suggested announcing 533

the event on the message boards. Mr. Hall was asked to notify the Office Administrator and to 534

extend an invitation to the community. 535

Mr. Burman informed the Board that he received a packet of information from Mr. Kara 536

regarding his comments on social media and subsequently circulated a letter regarding his own 537

comments on social media and copied Management. 538

539

THIRTEENTH ORDER OF BUSINESS Public Comments (non-agenda items) 540

541

There being no public comments, the next item followed. 542

543

FOURTEENTH ORDER OF BUSINESS Supervisors’ Requests 544

545 There being no Supervisor’s requests, the next item followed. 546

547

FIFTEENTH ORDER OF BUSINESS Adjournment 548

549 There being no further business to discuss, the meeting adjourned at 10:00 p.m. 550

551

552

553

554

555

556

557

[SIGNATURES APPEAR ON THE FOLLOWING PAGE] 558

559

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CORY LAKES CDD December 14, 2017

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560

561

562

563

564

565

566

567

_________________________ ____________________________ 568

Secretary/Assistant Secretary Chair/Vice Chair 569

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Survey committee meeting

January 9, 2018, 7 p.m.

The meeting began at 7:10 p.m. initiated by Sudhir (Sid) Shah. Present was Carlos Guzman, Leventhal

Kara, Elizabeth Ross and Steven Hancz. Members of the public included Harry Raphael and Dr. Reddy.

Renee Fontana entered the meeting approximately 20 minutes later.

The survey meeting included landscape lighting and gym. Sid presented himself as the liaison between

the survey committee and CDD board.

Carlos Guzman provided a survey with 6 questions that may potentially be used in the new survey. It

was distributed to each member for review and to be discussed during the next meeting.

Sid Shah suggested that the questions on the survey should be kept to a minimum and limited to the

gym and landscape lighting. Sid Shah stated that the land across from Capri Issue is owned by the CDD

and is 2.95 acres. He stated it could be put up for sale to a developer to build new homes, zoned for 10

single family homes. CLI DRC board must approve the final design and architectural plans before

anything could be built on the land. The land is appraised between $840,000 to s1,600,000. If the land is

sold the money from the sale could be used to build a new fitness center or the other option being that

residents can pay for the new fitness center through a special assessment. The proposed gym would be

built adjoining the hockey ring, 4,200 Sq ft, with $668,000 estimate. The other option was to remodel

the existing gym. Sid stated that the current gym is used by 65 to 70 residents.

Steven Hancz was appointed to be the Chair, Levent Kara Vice-chair, Carlos Guzman Secretary.

Elizabeth Ross suggested that we need more data before moving to a survey. She stated that past

assessment of that land, surveyed by engineers, was that it would be very expensive to level that land.

She recommended up to date research.

Steven Hancz stated we must keep CLI competitive. That we’re missing a competitive gym. He stated

that we need a new gym and that we need to find a way to get there. Carlos Guzman agreed that a new

gym would be good but not at the expense of building subpar homes such as Capri because the average

price of those new homes may affect our home values more than the gains from building a new gym. Sid

Shah stated that there were no homes in Capri Isle that were selling for less than $350,000 and that

others on Cory Lake Dr were selling for as low as $275,000 and $290,000. Carlos Guzman stated that a

home in Capri Isle was recently listed for around $265,000.

Elizabeth Ross discussed data, already present from past studies, on physically expanding the current

gym and that it was also expensive. She was referring to extending the gym physically. Carlos Guzman

and Levent Kara were both in favor of a new gym. Carlos Guzman was against the idea of developing

more homes across from Capri Isle as it would further affect the visual impact if the entrance to CLI as is

now the case with the 2 homes being built at the Cross Creek entrance. He also suggested paying for the

gym through a special assessment, or propose to the community a 50/50 split between homeowners

and CLI surplus ($350,000 each).

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Elizabeth Ross stated that the proposed location for the new gym was inadequate and asked why we

would hide such an expensive building. Sid said there were several ideas, one behind the tennis courts,

another behind the basketball courts and the third idea was where the hockey ring currently resides.

The hockey ring location was agreed to be the best option because it would add a visual impact to the

community. Carlos Guzman brought up security issues if placed behind the tennis or basketball court.

The low voltage lighting plan was introduced for Morris Bridge and Cross Creek entrance by Sid Shah.

Discussion of delivery of the survey was discussed with the general consensus being that we mail the

survey. A timeline was agreed to have the survey finished in 45 days, obtaining the results in 60 days.

Elizabeth Ross stated that the survey should be worded very neutral and to not try to sell anyone toward

any individual bias. Carlos Guzman and Elizabeth Ross both suggested mailing of the votes (USPS) to

each homeowner and then the votes to be mailed to a law office through self addressed envelops. The

actual opening of the letters and count of the votes could be made available to others in the

community. The renters of course would not have a survey mailed to them, but mailed to the

homeowners address on file.

Discussion continued on the landscape lighting. It was decided that we need to have multiple estimates.

Furthermore, that at this time we should not try to sell the gym and the landscape lighting at the same

time as this would likely cause homeowners to say no both of them as a result of being overwhelmed by

costs. It was suggested that solar powered lighting should be considered as that can be easily moved as

needed by changes in landscape design. Sid recognized that the consensus was that we do not include

landscape lighting in the survey and suggested we send this back to the CDD committee and minutes

because we do not have enough information, and that we need more specs, more bids, including

different funding options.

Elizabeth Ross stated that in 2012 the 2.95 acres was assessed by the CDD board at that time for land

use and that the CDD paid quite a bit for engineering surveys and that a new sewer retention system

would have to be put in. She stated that it was very expensive. She stated she would look for the prior

plans that included a fitness center and aerobics room. She stated that there were 4 companies that bid

on just the architectural design, that at the time included the pool. She stated she would look for those

and bring them with her on the next meeting.

Elizabeth Ross suggested that we should approach Gene Thomason in order to buy the land where the

boats are stored before he decides to do anything else with it.

Dog park issues were briefly discussed versus just a park. The park option, like the landscape lightning,

was agreed to be excluded from the new survey as a result of too many unknown variables.

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Sid suggested we review the sample survey supplied by Carlos Guzman in order to add, change or adjust

anything that needed.

It was agreed by all that we meet next Tuesday, January 16, at 7:00 p.m.

The meeting was then adjourned at approximately 8:20 p.m..

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{00066254.DOCX/2} Page 1 of 3

COOPERATION AGREEMENT

The Cory Lakes Community Development District (the “CDD”) and the Cory Lake Isles

Property Owners Association (the “POA”) (collectively the “Parties”) enter into this

COOPERATION AGREEMENT (this “Agreement”) on this the ______ day of ___________,

2018.

WITNESSETH:

WHEREAS, the CDD owns and maintains the roads in Cory Lake Isles;

WHEREAS, the POA represents to the CDD that it has the authority to impose fines for

violation of traffic laws as a violation of the restrictive covenants;

WHEREAS, the CDD and the POA have identified the use of motor vehicles at speeds

in excess of the posted limit poses a danger to safety and quality of life of residents and guests of

Cory Lake Isles.

NOW, THEREFORE, the Parties agree as follows:

1. Recitals. The foregoing recitals are true and correct and by this reference are

incorporated into and form a material part of this Agreement, together with the attached exhibits.

2. Purpose of this Agreement. The sole purpose of this Agreement is to document

the representations and covenants of each party and to specifically authorize the sharing of

certain information from the CDD’s Speed Detection System (defined below) so that the POA

can enforce its restrictive covenants. The Parties agree to not interfere with the decisions and

operations of the other party’s responsibilities. In all matters relating to this Agreement, the POA

shall be acting as an independent entity, and neither the POA nor employees of the POA, if there

are any, are employees of the CDD. The POA shall not have any authority to assume or create

any obligation, express or implied, on behalf of the CDD and the POA shall have no authority to

represent the CDD as an agent, employee, or in any other capacity.

3. CDD Representations and Covenants. i. The CDD hired Florida Highway Patrol Officers to patrol the streets

within Cory Lake Isles. The continuation of this service is up to the

discretion of the CDD.

ii. The CDD purchased, installed, and maintains a portable speed detection

system, equipped with a radar gun and cameras to photograph a driver

and license plate of vehicles speeding (the “Speed Detection System”) in

Cory Lake Isles.

iii. The CDD will ensure the Speed Detection System is properly calibrated.

iv. On the 5th

day of each month, the CDD will turn over records of each car

caught speeding in the prior month to the POA.

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{00066254.DOCX/2} Page 2 of 3

4. POA Representations and Covenants.

i. The POA will impose fines authorized under its declaration and Florida

Law on residents caught speeding.

ii. The POA will use its discretion in deciding which residents it will impose

fines on but the POA will ensure that all residents are treated equally and

fairly.

iii. The POA will retain all fines collected for traffic violations.

5. Term. This Agreement shall become effective as of the date written above and

shall remain in effect until terminated by either party pursuant to this Agreement.

6. Termination. Either party may terminate this Agreement without cause with

thirty (30) days written notice to the other party.

7. Public Records. The POA understands and agrees that all documents of any kind

provided by the CDD or the POA in connection with this Agreement may be public records and

shall be treated as such in accordance with Florida law. As such, the parties shall comply with

any applicable laws regarding public records, including but not limited to the provisions of

Section 119.0701, Florida Statutes, the terms of which are incorporated herein. This Agreement

shall not be construed to waive any public records exemptions of the CDD’s other security

system infrastructure.

8. Indemnification. The POA does hereby indemnify and hold the CDD, its

officers, agents and employees, harmless from liabilities, damages, losses and costs of every kind

arising in any manner whatsoever for any purpose in relation to the CDD’s use of the

information provided by the CDD.

9. Severability. The Parties acknowledge that the covenants within this Agreement

are reasonable and valid. Should a Court determine that any of the covenants contained herein

are not reasonable or valid, the remainder of this Agreement and its covenants shall not be

affected and shall be given full effect without regard to the invalid provisions.

10. Governing Law and Venue. This Agreement shall be construed in accordance

with Florida law. The parties agree that venue for enforcement of this Agreement will be in

Hillsborough County, Florida

11. Enforcement of Agreement. In the event the either party is required to enforce

this Agreement or any provision hereof by court proceedings or otherwise, then the prevailing

party shall be entitled to recover from the non-prevailing party all fees and costs incurred,

including but not limited to reasonable attorneys' fees incurred prior to or during any litigation or

other dispute resolution and including fees incurred in appellate proceedings.

12. Entire Agreement. This Agreement represents the entire agreement of the parties

with respect to the subject matter contained herein and shall supersede all prior contracts,

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{00066254.DOCX/2} Page 3 of 3

arrangements or undertakings between the parties. This Agreement may not be modified except

in an agreement in writing signed by all Parties.

13. Voluntary Agreement. The Parties agree that all parties to this Agreement have

had an opportunity to read this Agreement and consult with legal counsel regarding the terms

contained herein. The Parties agree that they are entering into this Agreement freely and

voluntarily without any duress or undue pressure.

14. Counterparts. This Agreement may be executed in any number of counterparts,

including facsimile counterparts, with the same effect as if all signing parties had signed the

same document. All counterparts shall be construed together and constitute the same instrument.

IN WITNESS WHEREOF, the parties have executed this Agreement, all as of the day and

year first above written.

CORY LAKES

COMMUNITY DEVELOPMENT DISTRICT

_______________________________

Jorge Castillo

Chair of the Board of Supervisors

CORY LAKE ISLES PROPERTY

OWNERS ASSOCIATION

______________________________

______________________________

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CORY LAKESCOMMUNITY DEVELOPMENT DISTRICT

FINANCIAL STATEMENTSUNAUDITED

NOVEMBER 30, 2017

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General

DebtService

Series 2013

DebtService

Series 2013A-1

DebtService

Series 2017 Note

CapitalProjects

Series 2013

CapitalProjects

Series 2015

TotalGovernmental

FundsASSETS Operating account

Iberia - operating acct 35,540$ -$ -$ -$ -$ -$ 35,540$ Iberia - debit card 2,856 - - - - - 2,856 SunTrust - operating acct 113,364 - - - - - 113,364 SunTrust - debit card 4,249 - - - - - 4,249 MMK account 1,171,119 - - - - - 1,171,119

InvestmentsRevenue - 34,565 65,735 16,801 - - 117,101 Reserve - 51,024 250,853 10,000 - - 311,877 Prepayment - - 19,640 - - - 19,640 Construction - - - - 3,414 - 3,414

Undeposited funds - - - 50 - - 50 Due from other 2,446 - - - - - 2,446 Due from other funds

General - 29,991 145,895 14,205 - - 190,091 Capital projects: 2015 327,746 - - - - - 327,746

Deposits 23,183 - - - - - 23,183 Total assets 1,680,503$ 115,580$ 482,123$ 41,056$ 3,414$ -$ 2,322,676$

LIABILITIES Accounts payable 10,988$ -$ -$ -$ -$ -$ 10,988$ Due to other funds

General - - - - - 327,746 327,746 Debt service fund - series 2013 29,991 - - - - - 29,991 Debt service fund - series 2013A-1 145,895 - - - - - 145,895 Debt service fund - 2017 note 14,205 - - - - - 14,205

Accrued payroll taxes 323 - - - - - 323 Total liabilities 201,402 - - - - 327,746 529,148

FUND BALANCESNonspendable

Deposits 23,183 - - - - - 23,183 Restricted for:

Debt service - 115,580 482,123 41,056 - - 638,759 Capital projects - - - - 3,414 (327,746) (324,332)

Assigned3 months working capital 463,954 - - - - - 463,954

Unassigned 991,964 - - - - - 991,964 Total fund balances 1,479,101 115,580 482,123 41,056 3,414 (327,746) 1,793,528

Total liabilities and fund balances 1,680,503$ 115,580$ 482,123$ 41,056$ 3,414$ -$ 2,322,676$

CORY LAKESCOMMUNITY DEVELOPMENT DISTRICT

BALANCE SHEET

NOVEMBER 30, 2017GOVERNMENTAL FUNDS

Major Funds

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CurrentMonth

Year ToDate

AdoptedBudget

% ofBudget

ProratedBudget

REVENUESAssessment levy: net of discounts 463,973$ 463,973$ 1,673,588$ 28% 278,931$ Interest and miscellaneous 2,515 4,249 30,000 14% 5,000

Total revenues 466,488 468,222 1,703,588 27% 283,931

EXPENDITURESAdministrativeSupervisors 1,000 1,800 12,000 15% 2,000 Payroll services 44 89 600 15% 100 Payroll taxes - FICA 77 138 900 15% 150 Payroll taxes - unemployment - - 325 0% 54 District management 4,583 9,167 55,000 17% 9,167 Assessment roll preparation 417 833 5,000 17% 833 Bond amortization schedule fee - - 1,500 0% 250 Disclosure report 250 500 3,000 17% 500 Trustee 2,694 2,694 10,182 26% 1,697 Notes payable - Soave Group - DS - - 21,733 0% 3,622 Audit - - 6,400 0% 1,067 Arbitrage rebate calculation - - 2,500 0% 417 Legal - general counsel 533 533 5,000 11% 833 Engineering - - 10,000 0% 1,667 Insurance: general liability & public officials - 28,555 26,700 107% 4,450 Insurance: worker's compensation - 6,772 6,291 108% 1,049 Legal advertising and Sunshine Board - - 4,500 0% 750 Bank fees 87 241 1,500 16% 250 Dues & licenses - 175 175 100% 29 Postage 158 307 1,500 20% 250 Tax collector 9,279 9,279 69,733 13% 11,622 Contingencies - - 500 0% 83

Total Administrative 19,122 61,083 245,039 25% 40,840

Field operationsUtilities

Communication 1,909 3,653 17,500 21% 2,917 Website - 105 600 18% 100 Streetlights - - 90,000 0% 15,000 Electricity - - 50,000 0% 8,333 Propane - - 400 0% 67 Water, sewer & irrigation 1,359 1,359 15,000 9% 2,500 Solid waste removal 575 1,151 6,200 19% 1,033 Sewer lift stations 150 150 2,500 6% 417 Total Utilities 3,993 6,418 182,200 4% 30,367

CORY LAKESCOMMUNITY DEVELOPMENT DISTRICT

STATEMENT OF REVENUES, EXPENDITURES,AND CHANGES IN FUND BALANCES

GENERAL FUNDFOR THE PERIOD ENDED NOVEMBER 30, 2017

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CurrentMonth

Year ToDate

AdoptedBudget

% ofBudget

ProratedBudget

CORY LAKESCOMMUNITY DEVELOPMENT DISTRICT

STATEMENT OF REVENUES, EXPENDITURES,AND CHANGES IN FUND BALANCES

GENERAL FUNDFOR THE PERIOD ENDED NOVEMBER 30, 2017

Security operationsSecurity staffing contract services 19,958 24,243 256,500 9% 42,750 Contractual virtual guard 8,095 10,371 77,000 13% 12,833 Off-duty policing - - 10,000 0% 1,667 Total Security operations 28,053 34,614 343,500 10% 57,250

Field office administrationField manager 3,952 7,809 52,000 15% 8,667 Assistant field manager 1,002 1,590 13,000 12% 2,167 Office administrator 4,945 10,359 44,500 23% 7,417 Assistant office administrator - - 14,300 0% 2,383 Payroll taxes 847 1,720 10,200 17% 1,700 Seasonal decorations - 19,800 33,000 60% 5,500 Beach club office equipment 130 130 3,400 4% 567 Beach club office supplies 143 226 1,700 13% 283 Beach club gym supplies 1,394 2,400 14,000 17% 2,333 Guard office equipment - - 2,000 0% 333 Guard office supplies 11 11 2,000 1% 333 Community events coordinator - - 15,000 0% 2,500 Community events supplies - 51 15,000 0% 2,500 Pool & beach club attendants 1,173 2,727 36,000 8% 6,000 Total Field office administration 13,597 46,823 256,100 18% 42,683

Landscape maintenanceLandscaping 29,939 59,878 360,000 17% 60,000 Street tree maintenance 24,214 24,214 - N/A - Beach sand - - 5,500 0% 917 Annuals & seasonal plant installation 1,700 1,700 8,000 21% 1,333 Plant replacement - - 40,000 0% 6,667 Sod replacement - - 7,500 0% 1,250 Well maintenance - irrigation - - 5,000 0% 833 Irrigation - maintenance - 1,161 10,000 12% 1,667 Tree removal 21,480 22,780 25,000 91% 4,167 Lake & pond maintenance 7,215 10,840 52,000 21% 8,667 Total Landscape maintenance 84,548 120,573 513,000 24% 85,500

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CurrentMonth

Year ToDate

AdoptedBudget

% ofBudget

ProratedBudget

CORY LAKESCOMMUNITY DEVELOPMENT DISTRICT

STATEMENT OF REVENUES, EXPENDITURES,AND CHANGES IN FUND BALANCES

GENERAL FUNDFOR THE PERIOD ENDED NOVEMBER 30, 2017

Facilities maintenanceOutside facilities maintenance 1,363 1,828 35,000 5% 5,833 Car and cart repairs and maintenance 90 369 4,500 8% 750 Cleaning 1,394 2,592 16,000 16% 2,667 Pest control 300 385 2,000 19% 333 Security gate maintenance & repair 1,074 1,074 5,000 21% 833 Security gate maintenance & repair - other - - 2,000 0% 333 Monuments & signs 1,165 1,445 5,000 29% 833 Fountains - - 7,000 0% 1,167 Storm water drainage - - 20,000 0% 3,333 Recreation equipment maintenance & repair 1,653 1,653 15,000 11% 2,500 Building equipment maintenance & repair 1,688 2,069 20,000 10% 3,333 Pressure washing - - 5,000 0% 833 Paver, streets and sidewalk repairs, cleaning 3,452 3,452 125,000 3% 20,833 Clear & repair monument lanters 695 695 1,500 46% 250 Commercial window cleaning - - 2,500 0% 417 Total Facilities maintenance 12,874 15,562 265,500 6% 44,250

Facilities maintenance (pool)Pool maintenance 1,495 2,990 22,900 13% 3,817 Pool repairs - 3,516 12,000 29% 2,000 Pool heater utilities - - 15,000 0% 2,500 Pool permit - - 575 0% 96 Total Facilities maintenance (pool) 1,495 6,506 50,475 13% 8,413 Total Field operations 144,560 230,496 1,610,775 14% 268,463

Infrastructure reinvestmentCapital improvement program 4,200 8,417 - N/A -

Total Infrastructure reinvestment 4,200 8,417 - N/A - Total Expenditures 167,882 299,996 1,855,814 16% 309,302

Excess/(deficiency) of revenuesover/(under) expenditures 298,606 168,226 (152,226)

Fund balance - beginning (unaudited) 1,180,495 1,310,875 1,193,148 Fund balance - ending (projected)

Assigned3 months working capital 463,954 463,954 463,954

Unassigned 1,015,147 1,015,147 576,968 Fund balance - ending 1,479,101$ 1,479,101$ 1,040,922$

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CurrentMonth

Year ToDate Budget

% ofBudget

REVENUESAssessment levy: net of discounts 29,929$ 29,929$ 108,202$ 28%Interest 79 154 - N/A

Total revenues 30,008 30,083 108,202 28%

EXPENDITURESDebt servicePrincipal 25,000 25,000 25,000 100%Interest 39,659 39,659 78,694 50%

Total debt service 64,659 64,659 103,694 62%

Other fees & chargesTax collector 598 598 4,508 13%

Total other fees & charges 598 598 4,508 13%Total expenditures 65,257 65,257 108,202 60%

Excess/(deficiency) of revenuesover/(under) expenditures (35,249) (35,174) -

Fund balances - beginning 150,829 150,754 146,767 Fund balances - ending 115,580$ 115,580$ 146,767$

CORY LAKES

DEBT SERVICE FUND SERIES 2013AND CHANGES IN FUND BALANCES

FOR THE PERIOD ENDED NOVEMBER 30, 2017

COMMUNITY DEVELOPMENT DISTRICTSTATEMENT OF REVENUES, EXPENDITURES,

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CurrentMonth

Year ToDate Budget

% ofBudget

REVENUESAssessment levy: net of discounts 145,465$ 145,465$ 526,886$ 28%Interest 197 385 - N/A

Total revenues 145,662 145,850 526,886 28%

EXPENDITURESDebt servicePrincipal - - 430,000 0%Principal prepayment - - 10,000 N/AInterest 37,533 37,533 74,932 50%

Total debt service 37,533 37,533 514,932 7%

Other fees & chargesTax collector 2,909 2,909 21,954 13%

Total other fees & charges 2,909 2,909 21,954 13%Total expenditures 40,442 40,442 536,886 8%

Excess/(deficiency) of revenuesover/(under) expenditures 105,220 105,408 (10,000)

Fund balances - beginning 376,903 376,715 347,343 Fund balances - ending 482,123$ 482,123$ 337,343$

CORY LAKESCOMMUNITY DEVELOPMENT DISTRICT

STATEMENT OF REVENUES, EXPENDITURES,AND CHANGES IN FUND BALANCES

DEBT SERVICE FUND SERIES 2013A-1FOR THE PERIOD ENDED NOVEMBER 30, 2017

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CurrentMonth

Year ToDate Budget

% ofBudget

REVENUESAssessment levy: net of discounts 14,115$ 14,115$ 54,928$ 26%

Total revenues 14,115 14,115 54,928 26%

EXPENDITURESDebt serviceNote principal 41,000 41,000 44,000 93%Note interest 4,704 4,704 8,651 54%

Total debt service 45,704 45,704 52,651 87%

Other fees & chargesTax collector 282 282 2,289 12%

Total other fees & charges 282 282 2,289 12%Total expenditures 45,986 45,986 54,940 84%

Excess/(deficiency) of revenuesover/(under) expenditures (31,871) (31,871) (12)

Fund balances - beginning 72,927 72,927 71,241 Fund balances - ending 41,056$ 41,056$ 71,229$

CORY LAKESCOMMUNITY DEVELOPMENT DISTRICT

STATEMENT OF REVENUES, EXPENDITURES,AND CHANGES IN FUND BALANCES

DEBT SERVICE FUND SERIES 2017 NOTEFOR THE PERIOD ENDED NOVEMBER 30, 2017

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CurrentMonth

Year toDate

REVENUES Interest & miscellaneous 2$ 4$

Total revenues 2 4

EXPENDITURESTotal expenditures - -

Excess/(deficiency) of revenuesover/(under) expenditures 2 4

Fund balance - beginning 3,412 3,410 Fund balance - ending 3,414$ 3,414$

FOR THE PERIOD ENDED NOVEMBER 30, 2017

CORY LAKESCOMMUNITY DEVELOPMENT DISTRICT

STATEMENT OF REVENUES, EXPENDITURES,AND CHANGES IN FUND BALANCES

CAPITAL PROJECTS FUND SERIES 2013

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CurrentMonth

Year toDate

REVENUES -$ -$ Total revenues - -

EXPENDITURES - - Total expenditures - -

Excess/(deficiency) of revenuesover/(under) expenditures - -

Fund balance - beginning (327,746) (327,746) Fund balance - ending (327,746)$ (327,746)$

CORY LAKESCOMMUNITY DEVELOPMENT DISTRICT

STATEMENT OF REVENUES, EXPENDITURES,AND CHANGES IN FUND BALANCES

CAPITAL PROJECTS FUND 2015FOR THE PERIOD ENDED NOVEMBER 30, 2017

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CORY LAKESCommunity Development District Series 2013 Bonds

Debt Service Schedule

Date Principal Coupon Interest Total P+I11/01/2016 20,000.00 5.000% 40,159.38 60,159.3805/01/2017 - 39,659.38 39,659.3811/01/2017 25,000.00 5.000% 39,659.38 64,659.3805/01/2018 - 39,034.38 39,034.3811/01/2018 25,000.00 5.000% 39,034.38 64,034.3805/01/2019 38,409.38 38,409.3811/01/2019 25,000.00 5.000% 38,409.38 63,409.3805/01/2020 37,784.38 37,784.3811/01/2020 25,000.00 5.000% 37,784.38 62,784.3805/01/2021 37,159.38 37,159.3811/01/2021 30,000.00 5.000% 37,159.38 67,159.3805/01/2022 36,409.38 36,409.3811/01/2022 30,000.00 5.000% 36,409.38 66,409.3805/01/2023 35,659.38 35,659.3811/01/2023 30,000.00 5.000% 35,659.38 65,659.3805/01/2024 34,909.38 34,909.3811/01/2024 35,000.00 5.625% 34,909.38 69,909.3805/01/2025 33,925.00 33,925.0011/01/2025 35,000.00 5.625% 33,925.00 68,925.0005/01/2026 32,940.63 32,940.6311/01/2026 35,000.00 5.625% 32,940.63 67,940.6305/01/2027 31,956.25 31,956.2511/01/2027 40,000.00 5.625% 31,956.25 71,956.2505/01/2028 30,831.25 30,831.2511/01/2028 40,000.00 5.625% 30,831.25 70,831.2505/01/2029 29,706.25 29,706.2511/01/2029 45,000.00 5.625% 29,706.25 74,706.2505/01/2030 28,440.63 28,440.6311/01/2030 45,000.00 5.625% 28,440.63 73,440.6305/01/2031 27,175.00 27,175.0011/01/2031 50,000.00 5.625% 27,175.00 77,175.0005/01/2032 25,768.75 25,768.7511/01/2032 50,000.00 5.625% 25,768.75 75,768.7505/01/2033 24,362.50 24,362.5011/01/2033 55,000.00 5.625% 24,362.50 79,362.5005/01/2034 22,815.63 22,815.6311/01/2034 55,000.00 6.125% 22,815.63 77,815.6305/01/2035 21,131.25 21,131.2511/01/2035 60,000.00 6.125% 21,131.25 81,131.2505/01/2036 19,293.75 19,293.7511/01/2036 65,000.00 6.125% 19,293.75 84,293.7505/01/2037 17,303.13 17,303.1311/01/2037 70,000.00 6.125% 17,303.13 87,303.1305/01/2038 15,159.38 15,159.3811/01/2038 70,000.00 6.125% 15,159.38 85,159.3805/01/2039 13,015.63 13,015.63

$1,425,000

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CORY LAKESCommunity Development District Series 2013 Bonds

Debt Service Schedule

Date Principal Coupon Interest Total P+I

$1,425,000

11/01/2039 75,000.00 6.125% 13,015.63 88,015.6305/01/2040 10,718.75 10,718.7511/01/2040 80,000.00 6.125% 10,718.75 90,718.7505/01/2041 8,268.75 8,268.7511/01/2041 85,000.00 6.125% 8,268.75 93,268.7505/01/2042 5,665.63 5,665.6311/01/2042 90,000.00 6.125% 5,665.63 95,665.6305/01/2043 2,909.38 2,909.3811/01/2043 95,000.00 6.125% 2,909.38 97,909.38

Total $1,385,000.00 - $1,440,984.38 $2,825,984.38Beach club gym supplies

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CORY LAKESCommunity Development District Series 2013 Refunding Bonds

Debt Service Schedule

Date Principal Coupon Interest Total P+I11/01/2016 43,224.50 43,224.5005/01/2017 420,000.00 2.710% 43,224.50 463,224.5011/01/2017 37,533.50 37,533.5005/01/2018 430,000.00 2.710% 37,398.00 467,398.0011/01/2018 31,571.50 31,571.5005/01/2019 440,000.00 2.710% 31,571.50 471,571.5011/01/2019 25,609.50 25,609.5005/01/2020 455,000.00 2.710% 25,609.50 480,609.5011/01/2020 19,444.25 19,444.2505/01/2021 465,000.00 2.710% 19,444.25 484,444.2511/01/2021 13,143.50 13,143.5005/01/2022 480,000.00 2.710% 13,143.50 493,143.5011/01/2022 6,639.50 6,639.5005/01/2023 490,000.00 2.710% 6,639.50 496,639.50

Total $3,180,000.00 - $354,197.00 $3,534,197.00

$4,245,000

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Office Administrator Monthly Report Meeting date: January 18, 2018

Office/Beach Club Although relatively quiet during the end of December due to the Holidays, it has been increasingly busy due to Amanda transitioning to full time and reviewing, in detail, the responsibilities of the new position. In addition to the day-to-day activities of new residents, barcodes, fingerprints, beach club rentals as well as sub-committee requests, we have managed to tackle some priority tasks: We’ve been able to identify and correct several links associated with the CDD, more specifically corylakeisles.org. We are continuing to request to have all sites/pages removed to eliminate confusion and we highly suggest to have the site direct link to the official CDD website, corylakescdd.net. We’ve also been working with the web host company through Wrathell, Hunt & Associates to update the CDD website forms, newsletters and links. Another area of focus has been on the upcoming Food & Wine Pairing by establishing the menu to pair wines. And we have been pricing games & slides from vendors, requesting volunteers & sponsors for the Eggstravaganza. I met with Nyree Bland with Protential Sports to discuss their upcoming specials as well as schedule Parents Night Out, After-school specials and Summer Camp specials. Proactive projects

Work with Exerscience to schedule yoga classes, Family Fitness Boot Camp and possibly water aerobics

Continue working with Proential Sports with scheduling season appropriate sports clinics

Continue consolidating resident files Begin researching various platforms/job boards for seasonal pool attendants Begin an outline training/orientation program for seasonal pool attendants

Upcoming Community Events

Wine & Food Pairing – tentatively scheduled for February 10th Parents Night Out – March 9th Eggstravaganza / Spring Fling – March 24th Luau – April 21st Rummage Sale – April 28th

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Cory Lakes Community Development District Facilities Manager Jan 2018, Activity Report ________________________________________________________________________ BEACH CLUB

1. Repaired Christmas lights on back of building. 2. Unclogged ladies room soap dispenser and put new soap. 3. Graded beach. 4. Patched and painted walls. 5. Removed toilet, replaced broken floor flange and reset toilet in men’s room. 6. Replaced air filters and flushed drain. 7. Tightened bolts on furniture. Pool

1. Working with Tampa Bay Hand Rails to replace rusting railings. 2. Cleaned air filters 3. Fixed two heaters. Suncoast pools ordering parts for 1 heater.

PLAYGROUND

1. Removed one swing while I wait on a new clevis bolt to arrive. 2. Kept cleaned off.

GYM 1. Replaced toilet handle in men’s handicap stall 2. Fitness Services did routine bi-weekly maintenance on the equipment. 3. Kept gym clean and stocked. 4. Secured drain covers in both men’s and women’s bathrooms. 5. Replaced bulbs in 1 fixture. LANDSCAPING 1. LMP ended year just working on cut backs. 2. Yellowstone took over. Working on catching up maintenance issues. LAKE MANAGEMENT

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1. Lakemasters is cleaning dead trees from islands. 2. 12/4/17- Cleaned ponds and treated for grasses 3. 12/11/17- Treated grasses around Cypress island by Cachet/ boat launch 4. 12/18/17- Treated grasses on ponds with mule 5. 12/20/17- Treated lake for grasses and algae from boat. 6. 1/5/18- Treated grasses on lake from boat. SECURITY 1. Took patrol for cleaning. OTHER ACTIONS 1. Cleaned debris from around both drainage structures. 2. Installed 3 Book Boxes for the Girl Scouts. 3. Turned over bad retaining block at small pocket park. 4. Re-installed latch at hockey rink. Cross-Creek Security Gatehouse

1. Repaired resident gate arm. 2. Cleaned driver license scanner. 3. Replaced air filter. 4. Put door back on track

Morris Bridge Security Gatehouse 1. Reset the Spectrum phone box

2. Replaced LED light strip on resident gate arm.

3. Cleaned driver license scanners.

4. Oiled sliding door and entrance door.

5. Reset timers for column lights.

Action Plan for Feb

1. Work with Illuminations Today on lighting positives and negatives. 2. Work with Yellowstone Landscaping on Landscape changeover. 3. Work with Pool Works on furniture upgrades 4. Work with engineer on drainage systems. 5. Have assistant start on treating the gutters.

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6. Work with TECO on lighting change over 7. Work with Brick Paving Sytems on manhole issues. 8. Work on LAF committee recommendations 9. Work with Allied on issues. 10. Finish fence repairs. 11. Work with Electric Today on hockey rink lights.

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Customer Transmittal Version 13.8.2

(This is an estimate) August 7, 2017

From: Stormy Sahadi Date Created: December 20, 2017

Project Title: Cory Lakes

Customer Name: John Hall

Service Address:

(From Cost Estimate

Summary worksheet)

To:

Billing Address:

(From Cost Estimate

Summary worksheet)

Description: 2126' of directional bore to install (16) new PT's

Funding Project WR Number:

Chargeable Associate WR #:

The estimated construction cost for this project is: $30,128.42 This non-binding cost estimate is valid for 30 days.

It is understood that construction will not be scheduled until the payment has been received and

Tampa Electric Company is in receipt of signed and executed easements (when required).

Contact your Engineering Representative to receive an invoice for your project.

NOT A BILL. DO NOT PAY.

Charges Due Before Work Starts: $30,128.42

Total Charges: $30,128.42

Remarks:

Retain For Microfilming Customer Quotation Transmittal 12/20/2017 8:33 AM

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3809 Indian River Drive, Fort Pierce, FL 34982 (772) 834-5414

www.Glass-OnSolutions.com [email protected]

Dear Cory Lake Board Members, Attached is my proposal for cleaning and sealing the pavers as well as an option to restore color to them, the last of which I am offering at no additional cost to you. During our meeting on September 15, I showed you that I have the only solution guaranteed to make your pavers stain and mold resistant, aesthetically more pleasing and at least 50% stronger, which will help resist further physical degradation. However, since that time and while testing my product's physical and visual enhancement ability on the current degraded condition of the pavers, I realized that there is so much white aggregate exposed and very little color left to enhance that the pavers actually need color put back on them in order to restore them as close to their original appearance as possible. This can be accomplished in a two-in-one sealer process with just the right elemental solid particle inorganic pigment added to my Glass-On Stone & Pavers sealer. The result is a virtually permanent and semi-transparent encapsulated barrier of color restoration to the pavers that is put into the sealer and applied all at once with no additional labor or cost to you. It is literally accomplished in one application but with twice the benefits. The results are immediate and as visually dramatic as they were 24 years ago. This restored color will allow for the planned variation of pavers to still be evident but will hide and soften the unwanted contrast that currently plagues your streets which is keeping them from looking uniform and harmonious. An additional benefit I discovered during testing of my sealer on your pavers is that the permeable grout sand material between the pavers was transformed into a solid impermeable matrix that will not allow weeds to take root, penetrate or grow through. This was a direct result of the increased amount of sealer I needed to use to effectively saturate your particular pavers in their current degraded and extremely porous condition. This will ensure that no further maintenance will be necessary for weed removal in the grout areas. Another discovery I made while measuring out the areas to be cleaned and sealed is a rather large discrepancy in square footage. I was under the impression that there were 2 million total square feet; however, my calculations measured the square footage area at 1.43 million, a substantial difference. I measured all of the areas with both my tachometer and a wheel counter, including Phase 1: the 3-mile loop (Cory Lake Drive), both entrances; Phase 2: the pool deck, beach club parking lot, boat ramp, and tennis court road/parking area; and Phase 3: all of the side road community streets. Even though I was informed of the 2 million square footage several times, including once at the September 15th meeting, I feel that this discrepancy is too large to write off as an error in calculation on either of our parts. It would also not be ethical of me to assume those numbers were correct, when I'm not convinced they are, just to take advantage of the obvious financial perk to my profit. I do not work that way. My suggestion is that an effort is made to remeasure the proposed areas by another process. This might include city map blue prints or a satellite image process application. I have my team working on some options and will take that responsibility on this coming week. We definitely want to have correct square footages for the benefit of both parties and to establish a fair and honest precedent for how our two companies will work together towards a win-win relationship. An example of the cost difference that could have occurred had I just applied the proposed 2 million square footages, rather than honestly record my initial calculations, the cost to Cory Lake Isles would have been $597,079.00 more to seal

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3809 Indian River Drive, Fort Pierce, FL 34982 (772) 834-5414

www.Glass-OnSolutions.com [email protected]

pavers that do not exist. Instead, my estimated calculation of 1,426,911 square feet, which is for all 3 phases, is substantially less at $1,602,921.00 rather than $2,200,000.00. Given the fact that this could possibly be a half million-dollar error, I’m sure you will agree that it is worth us recalculating for the correct square footage. I am very excited and eager to use my talents and unique chemistry to greatly enhance and protect your community. For this reason, I am choosing to offer Cory Lake Isles additional incentives in order to secure this project in its 3-Phase entirety. The incentives are explained in more detail in my attached proposal but I can say that it is a win-win for both of us. You will see that I am offering this proposal at a price of $1.10/square foot, which includes labor, product, shipping, color revitalization, sales tax and a 3-year warranty. I feel this is an extremely fair price for the amount of work to be accomplished and all the incentives included and hope you see the value as well. I will; however, remain open to offering a volume discount to you should you choose to entrust the entire 3-Phase project to Glass-On Solutions. With regard to a payment plan: I feel that a payment plan is only viable in the instance of combining Phase 2 and Phase 3. We can work these two phases in conjunction with each other and find a mutually convenient way to process payments so as not to create a hardship for either Cory Lake Isles or Glass-On Solutions. With regard to Phase 1, a payment plan is not really viable given the upfront necessary cost of product and labor and the time frame in which you would like this accomplished. I will require working capital for product, expedited labor, shipping, etc. in order to fulfill your desire to have this phase completed in time for your 5K run and the upcoming holiday season. I have outlined a reasonable payment option for this phase in more detail in the attached proposal. I have applied several sample color test areas in the tennis court parking lot area for review. Additional color variations can be created based on your preferences. Please coordinate with John Hall to review those initial sample areas and offer direction in seeing either a larger area treated or more color samples of different hues, opacity or intensity. I am happy to discuss any items of concern, answer any questions and explain any unclear points noted in this proposal, so please feel free to contact me. I look forward to hearing back from you and/or meeting with you again in person at your convenience. With best regards, David Langley, CEO Glass-On Solutions, Inc. [email protected] www.Glass-OnSolutions.com (772) 834-5414 3809 South Indian River Drive Fort Pierce, FL 34982

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3809 Indian River Drive, Fort Pierce, FL 34982 (772) 834-5414

www.Glass-OnSolutions.com [email protected]

TO: Cory Lake Isles FROM: David Langley, CEO RE: 3-Part Cost Proposal/Estimate DATE: September 28, 2016 PROJECT DESCRIPTION: Cory Lake Paver Sealer Rejuvenation and color enhancement/revitalization (per board approval). This proposal/estimate is offered for review in 3 parts to include:

1. Cory Lake Drive (3-mile) Loop including both entrance gate areas, inside and outside of guard houses. 2. Cory Lake Beach Club Parking Lot, Swimming Pool Deck, Boat Ramp and Tennis Court Road/Parking

Lots. 3. All housing communities broken down by street(s).

__________________________________________________________________________________________ PHASE 1 - Cory Lake Drive Loop including both entrance gate areas, inside and outside of guard houses. Cory Lake Drive Loop: 443,520 square feet (3 miles) Two Entrances: 229,317 square feet Total Square Footage to be cleaned, coated and sealed: 672,837 The following proposal/estimate is submitted at $1.10 square foot plus tax and includes:

1. Low-pressure wash/clean Cory Lake Drive 3-mile loop 2. Low-pressure wash/clean both front and back entrance areas 3. Spot stain removal (gum, oil, transmission fluid, molds and rust) 4. Glass-On sealer (w,w/o color revitalization) application of Cory Lake Drive 3-mile loop 5. Glass-On sealer (w,w/o color revitalization) of front and back entrance areas 6. 7% sales tax 7. All product at cost pricing - (included as part of “Incentive Discount”) 8. Pigment color cost and tax - (included as part of “Incentive Discount”) 9. Shipping and packaging of product to Cory Lakes - (included as part of “Incentive Discount”)

TOTAL COST for PHASE 1: PROPOSAL/ESTIMATE: $755,835.00 (tax included) --------------------------------------------------------------------------------------------------------------------------------------------------

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3809 Indian River Drive, Fort Pierce, FL 34982 (772) 834-5414

www.Glass-OnSolutions.com [email protected]

PHASE 2 – Cory Lake Beach Club Parking Lot, Swimming Pool area and Boat Ramp. Beach Club Parking Lot: 12,140 square feet Swimming Pool Deck Area: 9,700 square feet Boat Ramp: 6,066 square feet Tennis Court Road and Parking Lots: 17,844 square feet Total Square Footage to be cleaned, coated and sealed: 45,750 The following proposal/estimate is submitted at $1.10 square foot plus tax and includes:

1. Low-pressure wash/clean the Beach Club Parking Lot, boat ramp, and tennis court street 2. Glass-On sealer (w,w/o color revitalization) application of Beach Club Parking Lot, tennis court street,

boat ramp 3. Spot stain removal (gum, oil, transmission fluid, molds and rust) 4. Low-pressure wash/clean the Swimming Pool area 5. Remove old failed sealer on Swimming Pool deck area 6. Glass-On sealer of Swimming Pool deck area 7. 7% sales tax 8. All product at cost pricing - (included as part of “Incentive Discount”) 9. Pigment color cost and tax - (included as part of “Incentive Discount”) 10. Shipping and packaging of product to Cory Lakes - (included as part of “Incentive Discount”)

TOTAL COST for PHASE 2 PROPOSAL/ESTIMATE: $51,396.00 (tax included) ----------------------------------------------------------------------------------------------------------------------------- PHASE 3 – Cory Lake Communities. St. Lucia: 39,600 square feet Bermuda: 66,000 square feet Bimini: 13,200 square feet Martinique: 52,800 square feet Cayman: 13,200 square feet Bahama: 39,600 square feet Barbados: 24,288 square feet (short side) 36,432 square feet (long side) 4,500 square feet (swell area) Lanai: 13,200 square feet Cozumel: 52,800 square feet Malakai: 26,400 square feet Maui: 13,200 square feet

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3809 Indian River Drive, Fort Pierce, FL 34982 (772) 834-5414

www.Glass-OnSolutions.com [email protected]

Java: 39,600 square feet St. Croix: 13,200 square feet Canary: 79,200 square feet Canary Point: 13,200 square feet Cachet: 88,704 square feet Capri: 52,800 square feet Tahitian/Tortola: 26,400 square feet Total Square Footage to be cleaned, coated and sealed: 708,324 square feet The following proposal/estimate is submitted at $1.10 a square foot plus tax and includes:

1. Low-pressure wash/clean each road in each community 2. Glass-On sealer (w,w/o color revitalization) application of total square foot paver area 3. Spot stain removal (gum, oil, transmission fluid, molds and rust) 4. 7% sales tax 5. All product at cost pricing - (included as part of “Incentive Discount”) 6. Pigment color cost and tax - (included as part of “Incentive Discount”) 7. Shipping and packaging of product to Cory Lakes - (included as part of “Incentive Discount”)

TOTAL COST for PHASE 3 PROPOSAL/ESTIMATE: $795,690.00 (tax included) ----------------------------------------------------------------------------------------------------------------------------- PHASE 1: $755,835.00 PHASE 2: $ 51,396.00 PHASE 3: $795,690.00 Total number of square feet included in this estimate: 1,426,911 square feet All product, labor and taxes are included in this estimate as well as “INCENTIVE DISCOUNT”. TOTAL PROPOSAL/ESTIMATE FOR ALL 3 PHASES: $1,602,921.00 ___________________________________________________________________ AS AN “INCENTIVE DISCOUNT” TO POSITIVELY PROMOTE PROTECTING ALL THREE PROPOSAL PHASES, GLASS-ON SOLUTIONS, INC. WILL PAY FOR THE COSTS NOTED BELOW. THIS IS A SAVINGS TO CORY LAKE OF A MINIMUM OF $212,322.00.

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3809 Indian River Drive, Fort Pierce, FL 34982 (772) 834-5414

www.Glass-OnSolutions.com [email protected]

• Elemental solid color pigment additive, if approved, is at no cost to Cory Lake. This cost will be absorbed by Glass-On Solutions, Inc. A $10,272.00 savings to Cory Lake.

• The stone & paver sealer product provided by Glass-On Solutions, Inc. is offered to Cory Lake at our cost without the minimum standard industry markup. A $192,000.00 savings to Cory Lake.

• Shipping of thousands of gallons of product to location is paid by Glass-On Solutions, Inc. A $10,050.00 savings to Cory Lake.

Approved and accepted by: Date: _________________________________ _______________________________________ _______________________________________ Cory Lake Isles Cory Lake Isles Authorized Agent – Signature Authorized Agent – Signature _______________________________________ _______________________________________ Printed Name Printed Name Please sign and return the Estimate once terms are accepted. Payments as follows:

• A 33% non-refundable deposit is required to initiate work. • The second installment is due when fifty (50%) percent of the work has been completed. • The balance is due within one (1) week of completion.

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3 YEAR LIMITED WARRANTY STONE & PAVERS

GLASS-ON SOLUTIONS INC., hereafter referred to as GLASS-ON, a Florida corporation,

hereby warrants its exterior hardscape coating product called “STONE & PAVERS” to be

free of defects as long as they are catalyzed and applied by an applicator that has been certified

and trained by GLASS-ON and applied in its entirety following the guidelines set forth by

GLASS-ON.

This pertains to all benefits derived from the GLASS-ON STONE & PAVERS’S unique

ability to penetrate nano-sized particles into the substrate with regards to water intrusion,

ultra violet resistance, specified visible abrasion resistance and color enhancement,

professed levels of stain resistance to specified chemicals and resistance of its synthetic

polymeric materials to “Fungi”. Mold prevention is defined as to resist impregnation,

intrusion of mold microbes colonizing “into” the molecular substrate of the cementitious

medium. “Into” is defined as inside the actual substrate and not outside or “on top of” the

outside medium layer where accumulation of detritus is evident. Furthermore, Glass-On

sealer is warranted not to turn opaque white or gray from moisture or UV degradation,

which is the most common failure of all other sealers on the market.

This 3- year Limited Warranty applies only to GLASS- ON’S “STONE &

PAVERS” sealer and not to any structure or fixture, or building material that is used in

the construction of a structure or fixture that the sealer might be applied to. This warranty

also applies to the inherent color retention and ability of any “additional color enhancement

additive and process” as long as the sealer is present and intact as a functional

encapsulating vehicle to retain the elemental pigment in place. Additive pigments are

warranted not to fade in hue or color to a level equal to or exceeding that of the original

overall hue and color of the original degraded pavers at the time of sealing.

GLASS-ON will not be held responsible for any injury associated with the application

of its STONE & PAVERS sealer or any injuries associated with the use of its coatings

during or after the installation process pertaining to, but not limited to, applicators,

occupants, residents, customers, contractors, or guests. The Limited Warranty does not

a p p l y to any physical damage to the STONE & PAVERS coating above and beyond the

normal stated wear parameters outlined i n GLASS-ON’S guidelines formulated by the

product testing conducted by the “TCNA” Tile Council of North America.

This warranty applies only to coated surfaces, which are kept free of debris and harsh

chemicals (excluding non-standing normally chlorinated drinking or swimming pool

water and mild detergent cleaning chemicals) and does not apply to excessive p h y s i c a l

damage from violence, acts of God, of fire or acts of civil disorder. Also excluded from

warranty coverage are areas of efflorescence, standing water due to accumulated debris and

detritus from neglect or lack of cleaning maintenance and or improper grading or sloping of

flooring or step areas where proper drainage is blocked or slowed.

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GLASS-ON does not warranty the quality and workmanship of the installation of its

coating products and acceptance falls upon the certified applicator and the end user

recipient that GLASS-ON has no control over said functions. GLASS-ON shall not be

subject to claims, liabilities, or other obligations that might arise out of any breach of

contract (including negligence) between a certified GLASS-ON applicator and their client

or end user. This warranty shall not apply to any products that are not manufactured by

GLASS-ON; such products are sold AS IS, except if the warranties, if any, of the

respective manufacturers of such products are enforceable with their respective

manufacturers.

GLASS-ON has no responsibility for any of its coating that has been installed by anyone

other than a certified GLASS-ON applicator. GLASS-ON shall not have any

responsibility hereunder with respect to its or any products that have been repaired or

a l t e r e d without express written consent by GLASS-ON. PRODUCT REGISTRATION

IS REQUIRED FOR ALL WARRANTIES INCLUDING SUBMISSION OF ORIGINAL

WORK ORDER SHOWING A CERTIFIED GLASS-ON APPLICATOR. There is NO

warranty for DO-IT- YOURSELF INSTALLATIONS. The limited warranty applies solely

to GLASS- ON’S PAVER & STONE technical data sheets and mixing instructions.

Any description of the coatings, whether in writing, or made oral by GLASS-ON or one

of its registered agents, or specif ica t ions , samples, models, drawings, diagrams, or

materials designed to market, sell, or identify the coatings shall no t be construed to express

the warranty or quantify the warranty as a point of standard unless confirmed i n writing by

G L A S S -ON.

If for any reason within the applicable warranty period the STONE & PAVERS coating

should fail to meet up to the standards that are set forth by GLASS-ON after the

GLASS-ON certified applicator followed the guidelines for the catalyzation and

application of said coating, and thus proves to be defective, the STONE & PAVERS

product will be replaced w i t h o u t cost to the end user. GLASS- ON’S obligation

hereunder is further conditioned by GLASS-ON’S receipt of written notice of the alleged

defects in ten (10) calendar days of its discovery.

The End user or (the buyer) shall indemnify GLASS-ON against any and all losses,

damages, liabilities, and expenses ( including, without limitation to attorney’s fees and/or

all other costs associated with defending action) which GLASS-ON may incur as a result

of any claim by the buyer or end user arising out of or in connection with the STONE &

PAVERS coating sold hereunder and based upon product or service defects not proven to

be caused solely by GLASS-ON.

Certified Installer/Company: __________________________________________________

Address: _________________________________________________________________

Name(s) of Installer(s): ______________________________________________________

Date of Installation: _________________________________________________________

Client/Contact Name: ________________________________________________________

Email: ____________________________________________________________________

Application Address: _________________________________________________________


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