COCO PALMS COMMUNITY DEVELOPMENT
DISTRICT

MIAMI-DADE COUNTY REGULAR BOARD MEETING MARCH 8, 2023
6:30 P.M.

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

786.313.3661 Telephone 877.SDS.4922 Toll Free 561.630.4923 Facsimile

AGENDA
COCO PALMS COMMUNITY DEVELOPMENT DISTRICT
Artesa Clubhouse 11690 SW 248th Street Homestead, FL 33032
REGULAR BOARD MEETING
March 8, 2023
6:30 p.m.

Call to Order
Proof of Publication.	Page 1
Establish Quorum
General Election Protocol – Declare Vacancies and Consider Appointment
Administer Oath of Office and Review Board Member Responsibilities and Duties
Additions or Deletions to Agenda
Comments from the Public for Items Not on the Agenda
Approval of Minutes
November 16, 2022 Regular Board Meeting…	Page 2
Old Business
Update Regarding Lake Fountain Installation
Staff Report: As Required
New Business
Consider Resolution No. 2023-01 – Adopting a Fiscal Year 2023/2024 Proposed Budget…	Page 5
Consider Resolution No. 2023-02 – Election of Officers…	Page 13
Consider Adjustment to District Counsel Fee Structure…	Page 14
Administrative & Operational Matters
Board Member & Staff Closing Comments
Adjourn

MIAMI-DADE

STATE OF FLORIDA COUNTY OF MIAMI-DADE:

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

COCO PALMS COMMUNITY DEVELOPMENT DISTRICT - FISCAL YEAR 2022/2023 REGULAR MEETING SCHEDULE

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

09/30/2022

Affiant further says that the newspaper complies with all legal	---...	in  chapter  50,  Florida

( EAL)
MARIA MESA personally known to me

COCO PALMS COMMUNITY DEVELOPMENT DISTRICT REGULAR BOARD MEETING
NOVEMBER 16, 2022

CALL TO ORDER

District Manager Armando Silva called the November 16, 2022, Regular Board Meeting of the Coco Palms Community Development District (the “District”) to order at 6:46 p.m. in the Artesa Clubhouse located at 11690 SW 248th Street, Homestead, Florida 33032.

PROOF OF PUBLICATION

Mr. Silva presented proof of publication that notice of the Regular Board Meeting had been published in the Miami Daily Business Review on October 25, 2023, and November 1, 2023, as legally required.

SEAT ELECTED BOARD MEMBERS

Mr. Silva seated and welcomed the newly elected Board Member: Nilka Gomez

ADMINISTER	OATH	OF	OFFICE	AND	REVIEW	BOARD	MEMBER RESPONSIBILITIES & DUTIES

Mr. Silva, Notary Public for the State of Florida administered the Oath of Office to the elected Board Member Nilka Gomez.

ESTABLISH A QUORUM

Mr. Silva determined that the attendance of the following Board Members constituted a quorum and it was in order to proceed with the meeting: Chairperson Corissa Nguyen, Vice Chairperson Seth Patterson and Supervisor Nilka Gomez.

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

ELECTION OF OFFICERS
Mr. Silva stated that due to the Final Landowners’ Election and the new terms of office it would be in order to re-elect the officers on the Board of Supervisors of the District. A discussion ensued after which the following slate of officers was presented for election:
Chairperson – Corissa Nguyen
Vice Chairperson – Seth Patterson
Secretary/Treasurer – Armando Silva
Assistant Secretaries – Monica Encinas, Nilka Gomez, Gloria Perez and Nancy Nguyen.

A discussion ensued after which;
A motion was made by Ms. Nguyen, seconded by Ms. Gomez and unanimously passed to elect the District’s slate of officers, as stated above.

CONFIRMATION OF FINAL LANDOWNERS’ MEETING ELECTION RESULTS

Mr. Silva restated the District’s Final Landowners’ Meeting/Election results and recommended that they be accepted by the Board. A discussion ensued after which;

A motion was made by Ms. Gomez, seconded by Ms. Nguyen and passed unanimously accepting the Final Landowners’ Meeting election results, to wit: Nilka Gomez recieves 1 vote and were each elected to a 4-year term of office and her term of office shall expire in November 2026.

ADDITIONS OR DELETIONS TO THE AGENDA

There were no additions or deletions to the agenda.

COMMENTS FROM THE PUBLIC FOR ITEMS NOT ON THE AGENDA

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

APPROVAL OF MINUTES
1. August 17, 2022, Regular Board Meeting

Mr. Silva presented the August 17, 2022, Regular Board Meeting and Public Hearing minutes and asked if there were any comments and/or changes. There being no comments or changes, a motion was made by Ms. Gomez, seconded by Ms. Nguyen and unanimously passed approving the August 17, 2022, Regular Board Meeting and Public Hearing minutes, as presented.

OLD BUSINESS
Update Regarding Lake Fountain Installation

Mr. Silva stated that the permits for the installation of the fountain have been sent to the City of Homestead. Mr. Silva expects the permit to be approved by January 2023.

Staff Report, as Required

There was no Staff Report at this time.

NEW BUSINESS
1. Consider Resolution No. 2022-06 – Adopting a Fiscal Year 2021/2022 Amended Budget

Ms. Nguyen presented Resolution No. 2022-06, entitled:

RESOLUTION NO. 2022-06

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

Mr. Silva read the title into the record and provided an explanation for the document. He indicated that there was an operating fund balance of approximately $169,000 at the end of the fiscal year. A discussion ensued after which:

A motion was made by Mr. Patterson, seconded by Ms. Gomez and unanimously passed to adopt Resolution No. 2022-06, as presented, thereby setting the amended/revised budget for the 2021/2022 fiscal year.

ADMINISTRATIVE & OPERATIONAL MATTERS
1. Staff Report: As Required

There was no Staff Report at this time.

BOARD MEMBER & STAFF CLOSING COMMENTS

Mr. Silva advised that the next meeting would be held after January 1, 2023, unless an emergency were to arise.

ADJOURNMENT

There being no further business to come before the Board, a motion was made by Ms. Nguyen, seconded by Ms. Gomez and passed unanimously to adjourn the Regular Board Meeting at approximately 6:55 p.m.

Secretary/Assistant Secretary	Chairperson/Vice-Chairperson

RESOLUTION NO. 2023-01

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE COCO PALMS COMMUNITY DEVELOPMENT DISTRICT APPROVING A PROPOSED BUDGET AND NON-AD VALOREM SPECIAL ASSESSMENTS FOR FISCAL YEAR 2023/2024 AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the Board of Supervisors (the “Board”) of the Coco Palms Community Development District (the “District”) is required by Section 190.008(2)(a), Florida Statutes, to approve a Proposed Budget for each fiscal year; and,

WHEREAS, the Proposed Budget including the Assessments for Fiscal Year 2023/2024 has been prepared and considered by the Board.

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

Section 1.  The Proposed Budget including the Assessments for Fiscal Year 2023/2024 attached hereto as Exhibit “A” is approved and adopted.

Section 2.  A Public Hearing is hereby scheduled for June 14, 2023 at 6:30 p.m. in the Suite 300 Meeting Room at Lennar Homes, LLC located at 730 N.W. 107th Avenue, Third Floor, Miami, Florida 33172, for the purpose of receiving public comments on the Proposed Fiscal Year 2023/2024 Budget.

PASSED, ADOPTED and EFFECTIVE this 8th day of March, 2023.

ATTEST:	COCO PALMS
COMMUNITY DEVELOPMENT DISTRICT

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

Coco Palms Community Development District

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

CONTENTS

PROPOSED BUDGET

DETAILED PROPOSED BUDGET

DETAILED PROPOSED DEBT SERVICE FUND BUDGET (SERIES 2016)

DETAILED PROPOSED DEBT SERVICE FUND BUDGET (SERIES 2019)

ASSESSMENT COMPARISON

PROPOSED BUDGET
COCO PALMS COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2023/2024
OCTOBER 1, 2023 - SEPTEMBER 30, 2024

REVENUES	
FISCAL YEAR 2023/2024
BUDGET	
Administrative Assessments	  07	
0aintenance Assessments	 5 	
'eEt Assessments 20 	 5 5 	
'eEt Assessments 20 	 00 000	
OtKer 5evenues Cost SKare	5 000	
,nterest ,ncome	 0	
		
TOTAL REVENUES	 	1,2 2,419	
		
EXPENDITURES		
Administrative Expenditures		
Supervisor )ees	 000	
3ayro 7a[es	 0 	
0anagement	  0	
/ega 	 2 000	
Assessment 5o 	7 00	
Audit )ees	5 000	
ArEitrage 5eEate )ee	 00	
,nsurance	 00	
/ega Advertisements	 50	
0isce aneous	 000	
3ostage	 25	
Office Supp ies	575	
'ues SuEscriptions	 75	
7rustee )ees	7 000	
Continuing 'isc osure )ee	 500	
:eEsite 0anagement	2 000	
Administrative Contingency	200	
		
TRtaO Administrative Expenditures	 	 4, 91	
		
Maintenance Expenditures		
Annua (ngineer s 5eport ,nspections	2 00	
)ie d Operations 0anagement	 200	
/aZn /andscape 7ract 0aintenance	 5 000	
(ntrance )eature 0aintenance	 000	
,rrigation System 0aintenance 8pNeep	2 000	
,rrigation System :ater	5 000	
5oadZay 'rainage System 0aintenance 8pNeep	5 00	
Common 'riveZay 0aintenance 8pNeep	 0 000	
)ountain 0aintenance 8pNeep	5 000	
)3 / 3oZer 8ti ity	 000	
/aNe ATuatic 0aintenance	 200	
0isce aneous 0aintenance	7 500	
Signs	0	
TRtaO Maintenance Expenditures	 	 3, 00	
		
TOTAL EXPENDITURES	 	1 ,691	
		
REVENUES LESS EXPENDITURES	 	1,093, 2 	
		
%ond 3ayments 20 	 5 05 	
%ond 3ayments 20 	 7 000 	
		
BALANCE	 	63,623	
		
County Appraiser 7a[ Co ector )ee	 2 	
'iscounts )or (ar y 3ayments	  2 	
		
EXCESS/ (S+ORTFALL)	 	(11,200)	
		
Carryover )unds )rom 3rior <ear	 200	
		
NET EXCESS/ (S+ORTFALL)	 	-	

DETAILED PROPOSED BUDGET
COCO PALMS COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2023/2024
OCTOBER 1, 2023 - SEPTEMBER 30, 2024

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

COMMENTS	
Administrative Assessments	85,075	88,641	84,607	Expenditures Less Interest & Cost Share/.94	
Maintenance Assessments	66,723	62,674	66,596	Expenditures Less Carryover/.94	
Debt Assessments (2016)	695,856	695,856	695,856	Bond Payments/.94	
Debt Assessments (2019)	400,000	400,000	400,000	Bond Payments/.94	
Other Revenues - Cost Share	9,800	0	5,000	Cost Share Revenue	
Interest Income	37	360	360	Interest ProMected At $30 Per Month	
					
TOTAL REVENUES	$	1,257,491	$	1,247,531	$	1,252,419		
					
EXPENDITURES					
Administrative Expenditures					
Supervisor Fees	0	4,000	4,000	Supervisor Fees	
Payro Taxes	0	306	306	Supervisor Fees 7.65 	
Management	32,016	32,976	33,960	CPI AdMustment (Capped at 3 )	
Lega 	9,583	12,000	12,000	No Change From 2022/2023 Budget	
Assessment Ro 	7,800	7,800	7,800	As Per Contract P us Expansion Area	
Audit Fees	4,600	4,800	5,000	Accepted Amount For 2022/2023 Audit	
Arbitrage Rebate Fee	1,300	1,300	1,300	No Change From 2022/2023 Budget	
Insurance	5,843	6,575	6,800	Fisca Year 2022/2023 Expenditure Was $6,281	
Lega Advertisements	560	900	850	$50 Decrease From 2022/2023 Budget	
Misce aneous	215	1,100	1,000	$100 Decrease From 2022/2023 Budget	
Postage	112	475	425	$50 Decrease From 2022/2023 Budget	
Office Supp ies	429	575	575	No Change From 2022/2023 Budget	
Dues & Subscriptions	175	175	175	No Change From 2022/2023 Budget	
Trustee Fees	7,000	7,000	7,000	No Change From 2022/2023 Budget	
Continuing Disc osure Fee	1,000	1,500	1,500	No Change From 2022/2023 Budget	
Website Management	2,000	2,000	2,000	No Change From 2022/2023 Budget	
Administrative Contingency	0	200	200	Administrative Contingency	
					
Total Administrative Expenditures	$	72,633	$	83,682	$	84,891		
					
Maintenance Expenditures					
Annua Engineer's Report/Inspections	2,795	1,800	2,300	$500 Increase From 2022/2023 Budget	
Fie d Operations Management	1,200	1,200	1,200	No Change From 2022/2023 Budget	
Lawn & Landscape Tract Maintenance	25,805	13,000	15,000	$2,000 Increase From 2022/2023 Budget	
Entrance Feature Maintenance	8,321	2,000	3,000	$1,000 Increase From 2022/2023 Budget	
Irrigation System Maintenance/Upkeep	0	2,000	2,000	No Change From 2022/2023 Budget	
Irrigation System - Water	0	5,000	5,000	No Change From 2022/2023 Budget	
Roadway/Drainage System Maintenance/Upkeep	0	5,600	5,600	No Change From 2022/2023 Budget	
Common Driveway Maintenance/Upkeep	0	10,000	10,000	No Change From 2022/2023 Budget	
Fountain Maintenance/Upkeep	0	5,000	5,000	No Change From 2022/2023 Budget	
FP&L Power/Uti ity	12,133	6,000	13,000	$7,000 Increase From 2022/2023 Budget	
Lake - ATuatic Maintenance	3,354	4,200	4,200	No Change From 2022/2023 Budget	
Misce aneous Maintenance	22,944	2,614	7,500	$4,886 Increase From 2022/2023 Budget	
Signs	0	500	0	Line Item E iminated	
Total Maintenance Expenditures	$	76,552	$	58,914	$	73,800		
					
TOTAL EXPENDITURES	$	149,185	$	142,596	$	158,691		
					
REVENUES LESS EXPENDITURES	$	1,108,306	$	1,104,935	$	1,093,728		
					
Bond Payments (2016)	(662,483)	(654,105)	(654,105)	2024 P & I Payments Less Earned Interest	
Bond Payments (2019)	(380,816)	(376,000)	(376,000)	2024 P & I Payments Less Earned Interest	
					
BALANCE	$	65,007	$	74,830	$	63,623		
					
County Appraiser & Tax Co ector Fee	(11,998)	(24,943)	(24,941)	Two Percent Of Tota Assessment Ro 	
Discounts For Ear y Payments	(47,822)	(49,887)	(49,882)	Four Percent Of Tota Assessment Ro 	
					
EXCESS/ (SHORTFALL)	$	5,187	$	-	$	(11,200)		
					
Carryover Funds From Prior Year	0	0	11,200	Carryover Funds From Prior Year	
					
NET EXCESS/ (SHORTFALL)	$	5,187	$	-	$	-		

DETAILED PROPOSED DEBT SERVICE FUND BUDGET (SERIES 2016)
COCO PALMS COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2023/2024
OCTOBER 1, 2023 - SEPTEMBER 30, 2024

REVENUES	

FISCAL YEAR

2021/2022

ACTUAL	

FISCAL YEAR

2022/2023

BUDGET	

FISCAL YEAR

2023/2024

BUDGET	

COMMENTS	

Interest Income	

2,809	

25	

250	

Projected Interest For 2023/2024	

NA9 Tax Co ection	

662,483	

654,105	

654,105	

Maximum Debt Service Co ection	

Total Revenues	

$	665,292	

$	654,130	

$	654,355		

EXPENDITURES					

Principa Payments	

205,000	

215,000	

225,000	

Principa Payment Due In 2024	

Interest Payments	

449,738	

437,213	

427,313	

Interest Payments Due In 2024	

Bond Redemption	

0	

1,918	

2,042	

Estimated Excess Debt Co ections	

Total Expenditures	

$	654,738	

$	654,130	

$	654,355		

Excess/ (Shortfall)	

$	10,554	

$	-	

$	-		

Series 2016 Bond Information

Origina Par Amount =	$10,355,000	Annua Principa Payments Due =	May 1st	
Interest Rate = Issue Date = Maturity Date =	3.75% - 5.00%
February 2016
May 2046	Annua Interest Payments Due =	May 1st & November 1st	

Par Amount As Of 1/1/23 =	
$9,220,000			

DETAILED PROPOSED DEBT SERVICE FUND BUDGET (SERIES 2019)
COCO PALMS COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2023/2024
OCTOBER 1, 2023 - SEPTEMBER 30, 2024

REVENUES	

FISCAL YEAR

2021/2022

ACTUAL	

FISCAL YEAR

2022/2023

BUDGET	

FISCAL YEAR

2023/2024

BUDGET	

COMMENTS	

Interest Income	

1,579	

25	

250	

Projected Interest For 2023/2024	

NAV Tax Co ection	

380,816	

376,000	

376,000	

Maximum Debt Service Co ection	

Total Revenues	

$	382,395	

$	376,025	

$	376,250		

EXPENDITURES					

Principa Payments	

105,000	

110,000	

115,000	

Principa Payment Due In 2024	

Interest Payments	

270,263	

264,463	

260,384	

Interest Payments Due In 2024	

Bond Redemption	

0	

1,562	

866	

Estimated Excess Debt Co ections	

Total Expenditures	

$	375,263	

$	376,025	

$	376,250		

Excess/ (Shortfall)	

$	7,132	

$	-	

$	-		

Series 2019 Bond Information
Origina Par Amount =	$5,915,000	Annua Principa Payments Due =	June 15th	
Interest Rate = Issue Date = Maturity Date =	3.5% - 5.00%
February 2019
June 2049	Annua Interest Payments Due =	June 15th & December 15th	

Par Amount As Of 1/1/23 =	
$5,610,000			

COCO PALMS COMMUNITY DEVELOPMENT DISTRICT ASSESSMENT COMPARISON

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

Origina Units		
Administrative For Sing e Fami y Units	$	82.60	$	82.47	$	86.40	$	82 47	
Maintenance For Sing e Fami y Units	$	65.04	$	65.04	$	61.09	$	64 91	
Debt For Sing e Fami y Units	$	1,053.00	$	1,053.00	$	1,053.00	$	1,053 00	
Total For SinJle Famil\ Units	$	1,200 64	$	1,200 51	$	1,200 49	$	1,200 38	

Administrative For Townhome Units	
$	82.60	
$	82.47	
$	86.40	
$	82 47	
Maintenance For Townhome Units	$	65.04	$	65.04	$	61.09	$	64 91	
Debt For Townhomes Units	$	948.00	$	948.00	$	948.00	$	948 00	
Total For ToZnhomes Units	$	1,095 64	$	1,095 51	$	1,095 49	$	1,095 38	

Administrative For Vi a Units	
$	82.60	
$	82.47	
$	86.40	
$	82 47	
Maintenance For Vi a Units	$	65.04	$	65.04	$	61.09	$	64 91	
Debt For Vi a Units	$	843.00	$	843.00	$	843.00	$	843 00	
Total For Villa Units	$	990 64	$	990 51	$	990 49	$	990 38	

Expansion Area Units					
Administrative For Townhome Units	$	82.60	$	82.47	$	86.40	$	82 47	
Maintenance For Townhome Units	$	65.04	$	65.04	$	61.09	$	64 91	
Debt For Townhomes Units	$	1,474.47	$	1,474.47	$	1,474.47	$	1,474 47	
Total For ToZnhomes Units	$	1,622 11	$	1,621 98	$	1,621 96	$	1,621 85	

Administrative For Vi a Units	
$	82.60	
$	82.47	
$	86.40	
$	82 47	
Maintenance For Vi a Units	$	65.04	$	65.04	$	61.09	$	64 91	
Debt For Vi a Units	$	1,369.15	$	1,369.15	$	1,369.15	$	1,369 15	
Total For Villa Units	$	1,516 79	$	1,516 66	$	1,516 64	$	1,516 53	

* Assessments Inc ude the Fo owing  4% Discount for Ear y Payments
1% County Tax Co ector Fee
1% County Property Appraiser Fee

Community Information	    Origina Units		Tota Units
Sing e Fami y Units	181	Origina Units	743
Townhomes Units	309	Expansion Area Units	283
Vi a Units	253	Tota Units	1,026
Tota Units	743
Expansion Area Units		Townhomes (Origina Units) Information Townhomes Units	119	Tota Units	309
Vi a Units	164	Prepayments	1
Tota Units	283	Bi ed For Debt	308

2/27/2023 3 55 PM	V

RESOLUTION NO. 2023-02

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE COCO PALMS COMMUNITY DEVELOPMENT DISTRICT (“DISTRICT”) ELECTING THE OFFICERS OF THE DISTRICT AND PROVIDING FOR AN EFFECTIVE DATE.

WHEREAS, the Board of Supervisors (the “Board”) of the Coco Palms Community Development District (the “District”) is a local unit of special-purpose government created and existing pursuant to Chapter 190, Florida Statutes; and

WHEREAS, pursuant to Section 190.006(6), Florida Statutes, as soon as practicable after each election or appointment to the Board, the Board shall organize by electing one (1) of its members as chairperson and by electing a secretary, and such other officers as the Board may deem necessary.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE COCO PALMSCOMMUNITY DEVELOPMENT DISTRICT, THAT:

The following persons are elected to the offices shown, to wit:

Chairperson Vice Chairperson
Secretary/Treasurer Assistant Secretary Assistant Secretary Assistant Secretary Assistant Secretary Assistant Secretary

This Resolution shall become effective immediately upon its adoption.

PASSED, ADOPTED and BECOMES EFFECTIVE this 8th day of March, 2023.

ATTEST:	COCO PALMS COMMUNITY DEVELOPMENT DISTRICT

Secretary/Assistant Secretary	Chairperson/Vice Chairperson

LA\  OFFICE

BILLING	COCHRA	, LYLE  , MAURO & RAM	EV,	P.A.	
	ESTABLISHED 1977			
DENNISE. LYLES JOHN W. MAURO
KENNETH W. MORGAN, JR. RICHARD T. WOULFE CAROL J. HEALY GLASGOW
MICHAEL J. PAWELCZYK	LAS OLAS SQUARE, SUITE 600
515 EAST LAS OLAS BOULEVARD FORT LAUDERDALE, FLORIDA 33301
(954) 764-7150
(954) 764·7279 FAX		CHRISTINE A. BROWN GREGORY F. GEORGE BRAD J. KIMBER

OF COUNSEL	
ANDREW A. RIEF MANUEL R. COMRAS GINGER E. WALD JEFFERY R. LAWLEY SCOTT C. COCHRAN	PGA NATIONAL OFFICE CENTER
300 AVENUE OF THE CHAMPIONS, SUITE 270
PALM BEACH GARDENS, FLORIDA 33418
(561) 659-5970
(561) 659-6173 FAX		CLARK J. COCHRAN, JR. SUSAN F. DELEGAL SHIRLEY A. DELUNA GERALD L. KNIGHT BRUCE M. RAMSEY	

SHAWN B. MCKAMEY ALINE 0. MARCANTONIO JOHN C. WEBBER

WWW. BILLINGCOCHRAN.COM PLEASE REPLY TO: FORT LAUDERDALE

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

February 2 2023

VIA E-MAIL ONLY-asi1va@sdsinc.org

Mr. Armando Silva District Manager
Special District Services LLC 250 I A Burns Road
Palm Beach Gardens FL 33410

Re: Adjustment to District Counsel Fee Structure Coco Palms Community Development District Our File: 816.07382

Dear Armando:

This firm s current fee structure has been in place since 2015. Although we are certainly mindful of the necessity to keep increases in the District s expenses including the cost of legal services to a nurumum it has become necessary for us to adjust our hourly rates effecti e April 1 2023 as follows:

Attorneys/Partners:
Attomeys/Associates:

$300.00 per hour
$250.00 per hour

This hourly fee structure will be adjusted on a periodic basis in connection with the District s budget process no later than every third Fiscal Year to reflect changes in the Consumer Price Inde published by the U. S. Department of Labor.  The CPI has reflected a 25.4% increase since the year 2015 and we have not raised our fees during that time.

Mr. Armando Silva February 2 2023
Page 2

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

MJP/jmp