VENETIAN PARC COMMUNITY DEVELOPMENT DISTRICT

MIAMI-DADE COUNTY Regular Board Meeting & Public Hearing
JUNE 27, 2024
6:00 P.M.

Special District Services, Inc. 8785 SW 165th Avenue, Suite 200
Miami, FL 33193
www.venetianparccdd.org 786.347.2700 ext. 2027 Telephone 877.SDS.4922 Toll Free 561.630.4923 Facsimile

AGENDA
VENETIAN PARC COMMUNITY DEVELOPMENT DISTRICT
Venetian Parc Community Clubhouse Meeting Room 15351 SW 175th Street
Miami, Florida 33187
REGULAR BOARD MEETING & PUBLIC HEARING
June 27, 2024
6:00 p.m.

Call to Order
Proof of Publication	Page 1
Establish Quorum
Additions or Deletions to Agenda
Comments from the Public for Items Not on the Agenda
Approval of Minutes
April 25, 2024 Regular Board Meeting	Page 2
Public Hearing
Proof of Publication	Page 6
Receive Public Comments on Fiscal Year 2024/2025 Final Budget
Consider Resolution No. 2024-03 – Adopting a Fiscal Year 2024/2025 Final Budget	Page 7
Old Business
Update Regarding Tree Root Pruning/Tree Relocation Permit (Lennar Townhomes)
Discussion Regarding Existing Driveway Extensions – Tract Function (Engineer Review)
Update Regarding Tree Upkeep Mitigation Project - Phase II (21 Trees)
New Business
Consider Resolution No. 2024-04 – Adopting a Fiscal Year 2024/2025 Meeting Schedule…Page 15
Discussion Regarding Refinancing Options (FMSbonds)
Administrative & Operational Matters
Board Member & Staff Closing Comments
Adjourn

MIAMI-DADE

STATE OF FLORIDA COUNTY OF MIAMI-DADE:

Before the undersigned authority personally appeared GUILLERMO GARCIA, who on oath says that he or she is the DIRECTOR OF OPERATIONS, Legal Notices of the Miami Daily Business Review Ilk/a Miami Review, of Miami-Dade County, Florida; that the attached copy of advertisement, being a Legal Advertisement of Notice in the matter of

VENETIAN PARC COMMUNITY DEVELOPMENT DISTRICT· FISCAL YEAR 2023/2024 REGULAR MEETING SCHEDULE

in the XXXX Court,
was published in a newspaper by print in the issues of Miami Daily Business Review f/k/a Miami Review on

10/13/2023

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

01

_S;:,w::o::_:_Jo ai,n d	""

13  day of 0. TOBER, AD. 2023

(SEAL)
GUILLERMO GARCIA personally known to me

VENETIAN PARC COMMUNITY DEVELOPMENT DISTRICT REGULAR BOARD MEETING
APRIL 25, 2024

CALL TO ORDER

District Manager Nancy Nguyen called the April 25, 2024, Regular Board Meeting of the Venetian Parc Community Development District (the “District”) to order at approximately 6:02 p.m. in the Venetian Parc Community Clubhouse Meeting Room located at 15351 SW 175th Street, Miami, Florida 33187.

PROOF OF PUBLICATION

Ms. Nguyen presented proof of publication that notice of the April 25, 2024, Regular Board Meeting had been published in the Miami Daily Business Review on October 13, 2023, as part of the District’s Fiscal Year 2023/2024 Meeting Schedule, as legally required.

ESTABLISH A QUORUM

Ms. Nguyen determined that the attendance of Chairman Eugene Collings-Bonfill (via Microsoft Teams), Vice Chairwoman Rachel Hernandez, Supervisors Ronald Fajardo and Maria Aleman constituted a quorum and it was in order to proceed with the meeting.

Staff in attendance included: District Manager Nancy Nguyen of Special District Services, Inc.; and District Counsel, Gregory George of Billing, Cochran, Lyles, Mauro & Ramsey, P.A.

ADDITIONS OR DELETIONS TO AGENDA

Ms. Nguyen informed the Board of Supervisors (the “Board”) that she would like to add the following items to the agenda:

New Business, Item 1. – Discussion Regarding Asphalt Repairs (SW 155 Ct. & SW 173 St.)
New Business, Item 2. – Discussion Regarding Dog Park Fence Repairs The Board acknowledged Ms. Nguyen’s request.
COMMENTS FROM THE PUBLIC FOR ITEMS NOT ON THE AGENDA

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

APPROVAL OF MINUTES
1. February 22, 2024, Regular Board Meeting

Ms. Nguyen presented the minutes of the February 22, 2024, Regular Board and asked if there were any changes and/or corrections. There being no comments or changes, a motion was made by Mr. Fajardo, seconded by Ms. Hernandez and passed unanimously approving the minutes of the February 22, 2024, Regular Board Meeting, as presented.

OLD BUSINESS
Update Regarding Tree Root Pruning/Tree Relocation
Page 1 of 4

Ms. Nguyen explained that the final phase of this project is to close out the permit with Miami-Dade County. Ms. Nguyen informed the Board that one of the trees recently died and was replanted by the contractor. She explained that the permit cannot be closed until the root system of all the trees have been established. Updates will be provided as they are received.

Discussion Regarding Existing Driveway Extensions – Tract Function (Engineer Review)

Ms. Nguyen presented an e-mail from Peter Pellerito, the District Engineer, with his determination of the function of the District owned swales. After reviewing the permitted plans and related documents, Mr. Pellerito determined that the swales do serve a drainage function. Mr. Pellerito explained that the swales receive stormwater runoff from the adjacent road and parcels, then convey the runoff to the catch basins. The catch basins are connected to an exfiltration trench, which provides stormwater storage sized per permit requirements. In his email, he further explained that some stormwater volume is provided by the swales as well. Mr. Pellerito wrote that any proposed driveways would have to include the continuation of stormwater conveyance via a culvert or low point across the driveway.

The Board agreed that they have reviewed every possibility available to them to try to allow the residents/homeowners of the District to legally use the District owned swales for personal use. None of the District’s attempts have been positive, as such, the Board instructed Ms. Nguyen to have Mr. Pellerito setup a conference call with Miami-Dade County (the “County”) representatives, District Counsel, the District Manager, and the District Chairman, to receive the County’s opinion and assistance on the best way to handle this matter.

Update Regarding Tree Upkeep Mitigation Project – Phase II (21 Trees)

Ms. Nguyen presented a map depicting the locations of the twenty-one (21) trees that Mr. Waddell recommended should be the District’s first root mitigation priority. Ms. Nguyen explained that she has started the permit application process for the removal/replacement of these 21 trees. More information on this item will be provided as it becomes available.

Update Regarding Park Maintenance (Exercise Equipment Repairs)
Ms. Nguyen informed the Board that the repairs to the exercise equipment at the park on SW 157th Avenue have been completed. Ms. Nguyen reported that the Venetian Parc Homeowners Association, Inc. Manager was informed of the completion.
Update Regarding Traffic Sign Repairs & Installation
Ms. Nguyen informed the Board that the traffic sign repairs and installations had been completed.

NEW BUSINESS
ADD-ON: Discussion Regarding Asphalt Repairs (SW 155 Ct. & SW 173 St.)

Ms. Nguyen presented a handout with an image reflecting damaged asphalt along the edge of the road near the intersection of SW 155 Court and SW 173 Street. Ms. Nguyen noted that the swale area is pitching water to the edge of the pavement. She stated that repairs are necessary to avoid further damage to the asphalt. Ms. Nguyen explained that part of the cause of the damage is due to caregivers parking on the swale while waiting for students to be released from school. She presented some options for the
Page 2 of 4

Board to consider to prevent parking on the swale. These included boulders and the installation of signs. The Board consensus is to install three (3) “NO PARKING ON THE GRASS” signs, similar to the ones owned by Venetian Parc Homeowners Association, Inc.

Ms. Nguyen presented a proposal from Headley Construction Group, Inc. in the amount of $3,200 for the asphalt repairs and grading of the swale area adjacent to the road. Ms. Nguyen also stated that the grass replacement will be approximately $300 and the cost of the three signs will be approximately
$450.

The Board discussed the possibility of adding a Type D curb in this area. Taking into consideration the swale function information received from Peter Pellerito, the District Engineer, the Board requested that Ms. Nguyen attain an opinion from Mr. Pellerito on the installation of a Type D curb with modifications to allow for the flow of stormwater. If Mr. Pellerito confirms that a Type D curb can be installed in this area, they would like Mr. Pellerito to provide design plans. The Board consensus is to proceed with the asphalt and swale repairs and discuss the curb after receiving more information from Mr. Pellerito.

A motion was made by Mr. Fajardo, seconded by Ms. Aleman and unanimously passed to accept the proposal from Headley Construction Group, Inc. in the amount of $3,200 for asphalt repairs and grading; further directing the District Manager to proceed with the grass replacement for an amount of approximately $300, and installation of three (3) signs for an amount of approximately $450.

ADD-ON: Discussion Regarding Dog Park Fence Repairs

Ms. Nguyen explained that during the February 22, 2024 Regular Board Meeting, she indicated that repairs to the dog fence were completed. She stated that additional repairs are need, more specifically to the two entrance gates. Ms. Nguyen presented images of the damage and explained that both the small dogs and large dogs parks are temporarily closed until the repairs have been made. Ms. Nguyen stated that she received an estimate from Falcon Vac Solution, LLC (the contractor who performed the previous repairs to the dog park fence) in the amount of $800 for the entry gate repairs. A discussion ensued, after which:

A motion was made by Mr. Fajardo, seconded by Ms. Aleman and unanimously passed accepting the proposal from Falcon Vac Solutions, LLC in the amount of $800 for repairs to two dog park entry gates.
ADMINISTRATIVE & OPERATIONAL MATTERS
Qualifying Period Announcement: Noon, June 10, 2024 – Noon, June 14, 2024 (Seats 3 and
4)

Ms. Nguyen reminded the Board that the 4-year terms of office for Seat 3 (Ronald Fajardo) and Seat 4 (Carlos Dominguez) were expiring in November 2024. The qualifying period for election and/or re- election has been set for Noon, June 10, 2024 through Noon, June 14, 2024. Those candidates interested in running for election can submit their qualifying documents in person to the Miami-Dade County Supervisor of Elections’ Office located at 2700 NW 87th Avenue, Miami, Florida 33172 (no earlier than fourteen days prior to commencement of the qualifying period). More information on election qualifying will be provided to those interested prior to the qualifying dates. The new terms of office would be a 4- year term through Election Day in November 2028.

Statement of Financial Interest 2023 Form 1 Electronic Filing – Filing Deadline: July 1, 2024
Page 3 of 4

Board members were reminded of the importance of electronically completing their individual 2023 Statement of Financial Interests 2023 Form 1. Ms. Nguyen stated that she will resend the email with instructions on how to complete their individual registration process with the Florida Commission on Ethics Electronic Financial Disclosure Management System. The deadline for submittal is July 1, 2024.

BOARD MEMBER & STAFF CLOSING COMMENTS

There were no comments from Board Members.

Ms. Nguyen stated that unless an emergency were to arise, the Board would not need to meet until June 27, 2024.

ADJOURNMENT

There being no further business to come before the Board, a motion was made by Mr. Fajardo, seconded by Mr. Collings-Bonfill and unanimously passed adjourning the Regular Board Meeting at approximately 7:05 p.m.

Secretary/Assistant Secretary	Chair/Vice Chair

Page 4 of 4

AFFIDAVIT OF PUBLICATION

Account #	Order Number	Identification	Order PO	Amount	Cols	Depth	
142069	559593	Print Legal Ad-IPL01764570 - IPL0176457		$1,282.99	2	44 L	

Attention:

Laura J. Archer

PUBLISHED DAILY

Special District Services, Inc. 2501A Burns Road
Palm Beach Gardens, Florida 33410 larcher@sdsinc.org

MIAMI-DADE-FLORIDA
STATE OF FLORIDA COUNTY OF MIAMI-DADE
Before the undersigned authority personally appeared: Mary Castro, who on oath says that he/she is CUSTODIAN OF RECORDS of The Miami Herald, a daily newspaper published at Miami in Miami-Dade County, Florida; that the attached copy of the advertisement that was published was published in said newspaper in the issue
(s) of:
Publication: Miami Herald 2 insertion(s) published on:
06/07/24, 06/14/24

Affiant further says that the said Miami Herald is a newspaper published at Miami, in the said Miami-Dade County, Florida and that the said newspaper has heretofore been continuously published in said Dade County, Florida each day and has been entered a second class mail matter at the post office in Miami, in said Miami-Dade County, Florida, for a period of one year next preceding the first publication of the attached copy of advertisement; and affiant further says that he/she has neither paid or promised any person, firm or corporation any discount, rebate, commission or refund for the purpose of securing this advertisement for publication in the said newspaper(s).The McClatchy Company complies with all legal requirements for publication in chapter 50, Florida Statutes.

Sworn to and subscribed before me this 14th day of June in the year of 2024

Notary Public in and for the state of Texas, residing in Dallas County

Extra charge for lost or duplicate affidavits. Legal document please do not destroy!

RESOLUTION NO. 2024-03

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE VENETIAN PARC COMMUNITY DEVELOPMENT DISTRICT APPROVING AND ADOPTING A FISCAL YEAR 2024/2025 FINAL BUDGET INCLUDING NON-AD VALOREM SPECIAL ASSESSMENTS; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the Venetian Parc Community Development District (the “District”) has prepared a Proposed Budget and Final Special Assessment Roll for Fiscal Year 2024/2025 and has held a duly advertised Public Hearing to receive public comments on the Proposed Budget and Final Special Assessment Roll; and

WHEREAS, following the Public Hearing and the adoption of the Proposed Budget and Final Assessment Roll, the District is now authorized to levy non-ad valorem assessments upon the properties within the District.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE VENETIAN PARC COMMUNITY DEVELOPMENT DISTRICT, THAT:

Section 1. The Final Budget and Final Special Assessment Roll for Fiscal Year 2024/2025 attached hereto as Exhibit “A” is approved and adopted, and the assessments set forth therein shall be levied.

Section 2.  The Secretary of the District is authorized to execute any and all necessary transmittals, certifications or other acknowledgements or writings, as necessary, to comply with the intent of this Resolution.

PASSED, ADOPTED and EFFECTIVE this 27th day of June, 2024.

ATTEST:	VENETIAN PARC
COMMUNITY DEVELOPMENT DISTRICT

By:			By:		 Secretary/Assistant Secretary			Chairperson/Vice Chairperson

Venetian Parc Community Development District

Final Budget For Fiscal Year 2024/2025
October 1, 2024 - September 30, 2025

CONTENTS

FINAL BUDGET

DETAILED FINAL BUDGET

DETAILED FINAL DEBT SERVICE FUND BUDGET (AREA ONE)

DETAILED FINAL DEBT SERVICE FUND BUDGET (AREA TWO)

ASSESSMENT COMPARISON

FINAL BUDGET
VENETIAN PARC COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2024/2025
OCTOBER 1, 2024 - SEPTEMBER 30, 2025

REVENUES	
FISCAL YEAR 2024/2025
BUDGET	
Administrative Assessments	82,379	
Maintenance Assessments	159,851	
Debt Assessments (Area One)	458,173	
Debt Assessments (Area Two)	455,392	
Other Revenue (Asphalt)	0	
Interest Income	720	
		
TOTAL REVENUES	$1,156,515	
		
EXPENDITURES		
ADMINISTRATIVE EXPENDITURES		
Supervisor Fees	0	
Payroll Taxes (Employer)	0	
Management	30,432	
Legal	11,000	
Assessment Roll	10,000	
Audit Fees	3,500	
Insurance	9,400	
Legal Advertisements	2,000	
Miscellaneous	1,100	
Postage	375	
Office Supplies	550	
Dues & Subscriptions	175	
Website Management	2,000	
Arbitrage Rebate Fee - Areas One & Two	1,300	
Trustee Fee - Area One	3,550	
Trustee Fee - Area Two	3,550	
Continuing Disclosure Fee - Area One	350	
Continuing Disclosure Fee - Area Two	350	
Administrative Contingency	790	
TOTAL ADMINISTRATIVE EXPENDITURES	$80,422	
		
MAINTENANCE EXPENDITURES		
Park Maintenance Tract N	35,000	
Field Operations Management	1,320	
Community Entrance Signage Maintenance	5,200	
Street/Roadway Maintenance	5,000	
Electric Power Service/Misc	3,200	
Engineering/Annual Report/Inspections	3,500	
Sidewalk Maintenance (Pressure Cleaning & Milling)	15,000	
HOA Contribution (Palm Tree Fertilization)	5,850	
Tree Upkeep	33,770	
Security	10,000	
General Maintenance	3,750	
Maintenance Contingency	23,650	
Storm Preparedness	5,020	
TOTAL MAINTENANCE EXPENDITURES	$150,260	
		
TOTAL EXPENDITURES	$230,682	
		
REVENUES LESS EXPENDITURES	$925,833	
		
Bond Payments - Area One	(430,682)	
Bond Payments - Area Two	(428,069)	
		
BALANCE	$67,082	
		
County Appraiser & Tax Collector Fee	(23,116)	
Discounts For Early Payments	(46,232)	
		
EXCESS/ (SHORTFALL)	($2,266)	
		
Carryover From Prior Year	2,266	
		
NET EXCESS/ (SHORTFALL)	$0	

DETAILED FINAL BUDGET
VENETIAN PARC COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2024/2025
OCTOBER 1, 2024 - SEPTEMBER 30, 2025

REVENUES	
FISCAL YEAR 2022/2023
ACTUAL	
FISCAL YEAR 2023/2024
BUDGET	
FISCAL YEAR 2024/2025
BUDGET	

COMMENTS	
Administrative Assessments	81,898	82,379	82,379	Expenditures Less Interest & Carryover/.94	
Maintenance Assessments	162,512	159,851	159,851	Expenditures/.94	
Debt Assessments (Area One)	458,175	458,173	458,173	Bond Payments/.94	
Debt Assessments (Area Two)	455,394	455,392	455,392	Bond Payments/.94	
Other Revenue (Asphalt)	1,785	0	0	Fiscal Year 2022/2023 Revenue	
Interest Income	6,221	360	720	Projected At $60 Per Month	
					
TOTAL REVENUES	$1,165,985	$1,156,155	$1,156,515		
					
EXPENDITURES					
ADMINISTRATIVE EXPENDITURES					
Supervisor Fees	0	0	0	Supervisor Fees	
Payroll Taxes (Employer)	0	0	0	Supervisor Fees * 7.65%	
Management	28,704	29,556	30,432	CPI Adjustment (Capped At 3%)	
Legal	11,250	11,000	11,000	No Change From 2023/2024 Budget	
Assessment Roll	10,000	10,000	10,000	As Per Contract	
Audit Fees	3,900	4,000	3,500	Accepted Amount For 2023/2024 Audit	
Insurance	7,900	8,200	9,400	Fiscal Year 2023/2024 Expenditure Was $8,874	
Legal Advertisements	504	950	2,000	Costs Will Increase Due To Closing Of The Miami Business Review	
Miscellaneous	1,133	1,100	1,100	No Change From 2023/2024 Budget	
Postage	322	375	375	No Change From 2023/2024 Budget	
Office Supplies	359	550	550	No Change From 2023/2024 Budget	
Dues & Subscriptions	175	175	175	No Change From 2023/2024 Budget	
Website Management	2,000	2,000	2,000	No Change From 2023/2024 Budget	
Arbitrage Rebate Fee - Areas One & Two	1,300	1,300	1,300	No Change From 2023/2024 Budget	
Trustee Fee - Area One	3,500	3,550	3,550	No Change From 2023/2024 Budget	
Trustee Fee - Area Two	3,500	3,550	3,550	No Change From 2023/2024 Budget	
Continuing Disclosure Fee - Area One	350	350	350	No Change From 2023/2024 Budget	
Continuing Disclosure Fee - Area Two	350	350	350	No Change From 2023/2024 Budget	
Administrative Contingency	0	790	790	Administrative Contingency	
TOTAL ADMINISTRATIVE EXPENDITURES	$75,247	$77,796	$80,422		
					
MAINTENANCE EXPENDITURES					
Park Maintenance Tract N	58,211	35,000	35,000	No Change From 2023/2024 Budget	
Field Operations Management	1,320	1,320	1,320	No Change From 2023/2024 Budget	
Community Entrance Signage Maintenance	4,760	5,200	5,200	No Change From 2023/2024 Budget	
Street/Roadway Maintenance	0	5,000	5,000	No Change From 2023/2024 Budget	
Electric Power Service/Misc	3,517	3,200	3,200	No Change From 2023/2024 Budget	
Engineering/Annual Report/Inspections	8,233	3,500	3,500	No Change From 2023/2024 Budget	
Sidewalk Maintenance (Pressure Cleaning & Milling)	12,319	15,000	15,000	No Change From 2023/2024 Budget	
HOA Contribution (Palm Tree Fertilization)	5,849	5,850	5,850	No Change From 2023/2024 Budget	
Tree Upkeep	16,377	33,770	33,770	No Change From 2023/2024 Budget	
Security	0	10,000	10,000	No Change From 2023/2024 Budget	
General Maintenance	0	3,750	3,750	No Change From 2023/2024 Budget	
Maintenance Contingency	7,273	23,650	23,650	No Change From 2023/2024 Budget	
Storm Preparedness	0	5,020	5,020	No Change From 2023/2024 Budget	
TOTAL MAINTENANCE EXPENDITURES	$117,859	$150,260	$150,260		
					
TOTAL EXPENDITURES	$193,106	$228,056	$230,682		
					
REVENUES LESS EXPENDITURES	$972,879	$928,099	$925,833		
					
Bond Payments - Area One	(437,031)	(430,682)	(430,682)	2025 P & I Payments Less Earned Interest	
Bond Payments - Area Two	(434,378)	(428,069)	(428,069)	2025 P & I Payments Less Earned Interest	
					
BALANCE	$101,470	$69,348	$67,082		
					
County Appraiser & Tax Collector Fee	(11,149)	(23,116)	(23,116)	Two Percent Of Total Assessment Roll	
Discounts For Early Payments	(42,205)	(46,232)	(46,232)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	$48,116	$0	($2,266)		
					
Carryover From Prior Year	0	0	2,266	Carryover From Prior Year	
					
NET EXCESS/ (SHORTFALL)	$48,116	$0	$0		

DETAILED FINAL DEBT SERVICE FUND (AREA ONE) BUDGET
VENETIAN PARC COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2024/2025
OCTOBER 1, 2024 - SEPTEMBER 30, 2025

REVENUES	FISCAL YEAR 2022/2023 ACTUAL	FISCAL YEAR 2023/2024 BUDGET	FISCAL YEAR 2024/2025 BUDGET	

COMMENTS	

Interest Income	
27,082	
100	
600	
Projected Interest For 2024/2025	

NAV Tax Collection	
437,031	
430,682	
430,682	
Maximum Debt Service Collection	

Total Revenues	
$464,113	
$430,782	
$431,282		

EXPENDITURES					

Principal Payments	
105,000	
120,000	
130,000	
Principal Payment Due In 2025	

Interest Payments	
308,675	
298,625	
291,425	
Interest Payments Due In 2025	

Bond Redemption	
0	
12,157	
9,857	
Estimated Excess Debt Collections	

Total Expenditures	
$413,675	
$430,782	
$431,282		

Excess/ (Shortfall)	
$50,438	
$0	
$0		

Series 2013 Bond Information - Area One

Original Par Amount =	$5,515,000	Annual Principal Payments Due =	November 1st	
Interest Rate =	6.00% - 6.50%	Annual Interest Payments Due =	May 1st & November 1st	
Issue Date =	October 2013			
Maturity Date =

Par Amount As Of 1/1/24 =	November 2043

$4,635,000			

DETAILED FINAL DEBT SERVICE FUND (AREA TWO) BUDGET
VENETIAN PARC COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2024/2025
OCTOBER 1, 2024 - SEPTEMBER 30, 2025

REVENUES	
FISCAL YEAR 2022/2023
ACTUAL	
FISCAL YEAR 2023/2024
BUDGET	
FISCAL YEAR 2024/2025
BUDGET	

COMMENTS	

Interest Income	
35,934	
100	
600	
Projected Interest For 2024/2025	

NAV Tax Collection	
434,378	
428,069	
428,069	
Maximum Debt Service Collection	

Prepaid Bond Collection	
0	
0	
0		

Total Revenues	
$470,312	
$428,169	
$428,669		

EXPENDITURES					

Principal Payments	
90,000	
100,000	
110,000	
Principal Payment Due In 2025	

Interest Payments	
324,788	
312,675	
309,488	
Interest Payments Due In 2025	

Bond Redemption	
0	
15,494	
9,181	
Estimated Excess Debt Collections	

Total Expenditures	
$414,788	
$428,169	
$428,669		

Excess/ (Shortfall)	
$55,524	
$0	
$0		

Series 2013 Bond Information - Area Two

Original Par Amount =	$5,175,000	Annual Principal Payments Due =	November 1st	
Interest Rate =	6.375% - 7.125%	Annual Interest Payments Due =	May 1st & November 1st	
Issue Date =	October 2013			
Maturity Date =

Par Amount As Of 1/1/24 =	November 2044

$4,480,000			

Venetian Parc Community Development District Assessment Comparison

	Fiscal Year	Fiscal Year	Fiscal Year	Fiscal Year	
	2021/2022	2022/2023	2023/2024	2024/2025	
	Assessment	Assessment	Assessment	Projected Assessment	
	 Before Discount*	 Before Discount* 	 Before Discount* 		Before Discount*		

Administrative	
$131.99	
$131.99	
$136.40	
$136.40	
Maintenance	$169.07	$269.07	$264.66	$264.66	
Debt	$1,274.46	$1,274.46	$1,274.46	$1,274.46	
Total For Area One Townhomes	$1,575.52	$1,675.52	$1,675.52	$1,675.52	

Administrative	
$131.99	
$131.99	
$136.40	
$136.40	
Maintenance	$169.07	$269.07	$264.66	$264.66	
Debt	$1,622.34	$1,622.34	$1,622.34	$1,622.34	
Total For Area One Single Family Units	$1,923.40	$2,023.40	$2,023.40	$2,023.40	

Administrative	
$131.99	
$131.99	
$136.40	
$136.40	
Maintenance	$169.07	$269.07	$264.66	$264.66	
Debt	$1,274.46	$1,274.46	$1,274.46	$1,274.46	
Total For Area Two Townhomes	$1,575.52	$1,675.52	$1,675.52	$1,675.52	

Administrative	
$131.99	
$131.99	
$136.40	
$136.40	
Maintenance	$169.07	$269.07	$264.66	$264.66	
Debt	$1,622.34	$1,622.34	$1,622.34	$1,622.34	
Total For Area Two Single Family Units	$1,923.40	$2,023.40	$2,023.40	$2,023.40	

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

 Community Information:			
 Area Two Single Family Homes Information	
Area One Townhomes	96		Total Units	211	
Area One Single Family Units	207		Prepayments	1	
Total Area One Units	303		Billed For Debt	210	
Area Two Townhomes	90			
Area Two Single Family Units	211			
Total Area Two Units	301			
Total Area One Units	303			
Total Area Two Units	301			
Total Units	604			
	V		

RESOLUTION NO. 2024-04

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE VENETIAN PARC COMMUNITY DEVELOPMENT DISTRICT, ESTABLISHING A REGULAR MEETING SCHEDULE FOR FISCAL YEAR 2024/2025 AND SETTING THE TIME AND LOCATION OF SAID DISTRICT MEETINGS; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, it is necessary for the Venetian Parc Community Development District (the "District") to establish a regular meeting schedule for fiscal year 2024/2025; and

WHEREAS, the Board of Supervisors (the “Board”) of the District has set a regular meeting schedule, location and time for District meetings for fiscal year 2024/2025 which is attached hereto and made a part hereof as Exhibit “A”.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE VENETIAN PARC COMMUNITY DEVELOPMENT DISTRICT, MIAMI- DADE COUNTY, FLORIDA, AS FOLLOWS:

Section 1.   The above recitals are hereby adopted by the Board.

Section 2.  The regular meeting schedule, time and location for meetings for fiscal year 2024/2025 which is attached hereto as Exhibit “A” is hereby adopted and authorized by the Board to be published.
PASSED, ADOPTED and EFFECTIVE this 27th day of June, 2024.

ATTEST:	VENETIAN PARC
COMMUNITY DEVELOPMENT DISTRICT

By:			By:		 Secretary/Assistant Secretary			Chairperson/Vice Chairperson

VENETIAN PARC COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2024/2025 REGULAR MEETING SCHEDULE
NOTICE IS HEREBY GIVEN that the Board of Supervisors (the “Board”) of the Venetian Parc Community Development District (the “District”) will hold Regular Meetings in the Venetian Parc Community Clubhouse Meeting Room located at 15351 SW 175th Street, Miami, Florida 33187 at 6:00 p.m. on the following dates:

October 24, 2024
November 21, 2024
February 27, 2025
April 24, 2025
June 26, 2025
July 24, 2025
September 25, 2025
The purpose of the meetings is for the Board to consider any District business which may lawfully and properly come before the Board. Meetings are open to the public and will be conducted in accordance with the provisions of Florida law for community development districts. Copies of the Agenda for any of the meetings may be obtained from the District’s website or by contacting the District Manager at nnguyen@sdsinc.org and/or toll free at 1-877-737-4922, prior to the date of the particular meeting.

From time to time one or two Board members may participate by telephone; therefore, a speaker telephone will be present at the meeting location so that Board members may be fully informed of the discussions taking place. Said meeting(s) may be continued as found necessary to a time and place specified on the record.

If any person decides to appeal any decision made with respect to any matter considered at these meetings, such person will need a record of the proceedings and such person may need to insure that a verbatim record of the proceedings is made at his or her own expense and which record includes the testimony and evidence on which the appeal is based.

In accordance with the provisions of the Americans with Disabilities Act, any person requiring special accommodations or an interpreter to participate at any of these meetings should contact the District Manager at nnguyen@sdsinc.org and/or toll free at 1-877-737-4922 at least seven (7) days prior to the date of the particular meeting.
Meetings may be cancelled from time to time with no advertised notice.
VENETIAN PARC COMMUNITY DEVELOPMENT DISTRICT
www.venetianparccdd.org

PUBLISH: MIAMI HERALD 10/8/24