COCO PALMS COMMUNITY DEVELOPMENT
DISTRICT

MIAMI-DADE COUNTY REGULAR BOARD MEETING APRIL 28, 2024
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
April 28, 2025
6:30 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
October 28, 2024 Regular Board Meeting…	Page 2
Old Business
New Business
Consider Resolution No. 2025-01 – Accepting Completion of 2019 Establishing Area…	Page 5
Consider Resolution No. 2025-02 – Adopting a Fiscal Year 2025/2026 Proposed Budget…	Page 9
Consider Resolution No. 2025-03 – Registered Agent Change…	Page 17
Administrative & Operational Matters
Board Member & Staff Closing Comments
Adjourn

AFFIDAVIT OF PUBLICATION

Account #	Order Number	Identification	Order PO	Amount	Cols	Depth	
142125	602960	Print Legal Ad-IPL01996540 - IPL0199654	Coco Palms CDD - Fiscal Y	$654.44	2	43 L	

Attention:

Laura J. Archer

PUBLISHED DAILY

Coco Palms Community Development District c/o 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 1 insertion(s) published on:
10/18/24

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 two years 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 18th day of October 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!

COCO PALMS COMMUNITY DEVELOPMENT DISTRICT REGULAR BOARD MEETING
OCTOBER 28, 2024

CALL TO ORDER

District Manager Armando Silva called the October 28, 2024, Regular Board Meeting of the Coco Palms Community Development District (the “District”) to order at 6:35 p.m. in the Artesa Community Clubhouse, located at 11590 SW 248th Lane, 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 Herald on October 18, 2024, as part of the District’s Fiscal Year 2024/2025 Meeting Schedule, as legally required.

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 Supervisors Carmen Orozco, Monica Encinas and Nilka Gomez.

Staff in attendance included: District Manager Armando Silva and Associate District Manager Pablo Jerez of Special District Services, Inc.; and District Counsel Gregory George of Billing, Cochran, Lyles, Mauro & Ramsey, P.A.
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
June 24, 2024, Regular Board Meeting and Public Hearing
Mr. Silva presented the June 24, 2024, 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. Nguyen, seconded by Ms. Orozco and unanimously passed approving the June 24, 2024, Regular Board Meeting and Public Hearing minutes, as presented.

OLD BUSINESS
Staff Report, as Required

There was no Staff Report at this time.

NEW BUSINESS
Consider Resolution No. 2024-04 – Adopting a Fiscal Year 2023/2024 Amended Budget

Mr. Silva presented Resolution No. 2024-04, entitled:

RESOLUTION NO. 2024-04

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE COCO PALMS COMMUNITY DEVELOPMENT DISTRICT AUTHORIZING AND ADOPTING AN AMENDED FINAL FISCAL YEAR 2023/2024 BUDGET (“AMENDED BUDGET”), PURSUANT TO CHAPTER 189, FLORIDA STATUTES; AND PROVIDING AN EFFECTIVE DATE.

Mr. Silva read the title of the resolution into the record and provided an explanation for the document. He further stated that the Operating Fund as of September 30, 2024, had a positive balance. A discussion ensued after which;

A motion was made by Ms. Gomez, seconded by Ms. Encinas and unanimously passed approving and adopting Resolution No. 2024-04, as presented, thereby setting the amended/revised final budget for the 2023/2024 fiscal year.

Consider Resolution 2024-05 – Adopting Goals and Objectives
Mr. Silva presented Resolution No. 2024-05, entitled:
RESOLUTION 2024-05

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE COCO PALMS COMMUNITY DEVELOPMENT DISTRICT ADOPTING GOALS, OBJECTIVES, AND PERFORMANCE MEASURES AND STANDARDS; PROVIDING A SEVERABILITY CLAUSE; AND PROVIDING AN EFFECTIVE DATE.

Mr. Silva explained that new legislation stated that beginning October 1, 2024, the District shall establish goals and objectives for the District and create performance measures and standards to evaluate the District's achievements of these goals and objectives. Mr. Gregory further explained that the goals and objectives of the resolution were items that were currently requirements of the District pursuant to Florida Statutes. It was further explained that at the end of the fiscal year, the Board would have the opportunity to determine if the goals had been met.

A motion was made by Ms. Nguyen, seconded by Ms. Encinas and unanimously passed adopting Resolution No. 2024-05, further establishing the Coco Palms Community Development District’s goals, objectives, and performance measures.

Consider Approval of Auditor Renewal

At the October 20, 2021, meeting, the firm of Grau & Associates was selected to perform the 9-30- 2021, 9-30-2022 and 9-30-2023 year end audits of the District with an option to perform the 9-30-

2024 and 9-30-2025 audits. The fees for the 9-30-2021 audit was $4,600. The fees for the 9-30-2022 audit was $4,800. And the fees for the 9-30-2023 audit were $5,000. The proposed fees for the 9-30- 2024 audit is $5,200, which is the budgeted amount for audit fees for fiscal year 2023/2024. The proposed fee for the 9-30-25 audit is $5,400.

Management is pleased with the professionalism and competence of the Grau & Associates partners and staff; therefore, management recommends that the Board approve the renewal option for the fiscal years ending 9-30-2024 and 9-30-2025 audits for Grau & Associates

A motion was made by Ms. Gomez, seconded by Ms. Nguyen and unanimously passed approving the renewal option with Grau & Associates to perform the audits for the fiscal years ending in 2024 and 2025 at a cost of $5,200 and $5,400, respectively.

ADMINISTRATIVE & OPERATIONAL MATTERS

There were no Administrative Matters to come before the Board.

BOARD MEMBER & STAFF CLOSING COMMENTS

There were no Board Member or Staff closing comments.

ADJOURNMENT
There being no further business to come before the Board, a motion was made by Mr. Patterson, seconded by Ms. Gomez and passed unanimously adjourning the Regular Board Meeting at approximately 6:58 p.m.

Secretary/Assistant Secretary	Chairperson/Vice-Chairperson

RESOLUTION NO. 2025 – 01

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE COCO PALMS COMMUNITY DEVELOPMENT DISTRICT DECLARING CERTAIN PUBLIC IMPROVEMENTS WITHIN THE ORIGINAL BOUNDARIES OF THE DISTRICT RELATED TO THE SERIES 2019 EXPANSION AREA PROJECT TO BE COMPLETE; ACCEPTING SAME; AND ESTABLISHING THE THIRTY (30) DAY PERIOD PROVIDED IN SECTION 170.09, FLORIDA STATUTES (“F.S.”), WITHIN WHICH PROPERTY OWNERS WITHIN THE EXPANSION AREA WITHIN THE DISTRICT MAY PRE-PAY THEIR DEBT ASSESSMENTS WITHOUT INTEREST; AND PROVIDING AN AFFECTIVE DATE.

WHEREAS, the Coco Palms Community Development District (the “District”) was established on November 13, 2015, by Ordinance No. 15-123 (the “Establishment Ordinance”) enacted by the Board of County Commissioners of Miami-Dade County, Florida, pursuant to Chapter 190, F.S.; and

WHEREAS, the boundaries of the District were subsequently expanded pursuant to Chapter 190, F.S., and Ordinance No. 18-55 (the “Expansion Ordinance”) enacted by the Board of County Commissioners of Miami-Dade County, Florida; and

WHEREAS, pursuant to the Expansion Ordinance, certain lands (the “Expansion Area”) were
added to the District; and
WHEREAS, Section 190.012, F.S., authorized the District, within the boundaries of the Expansion Area, to finance, fund, plan, establish, acquire, construct or reconstruct, enlarge or extend, equip, operate, and maintain systems, facilities, and basic infrastructure for public benefit including, but not limited to, stormwater management improvements, water distribution improvements, wastewater collection improvements, and roadway improvements; and

WHEREAS, in order to provide funding for such public infrastructure improvements to serve the development of the lands located within the Expansion Area within the District, the District issued on February 21, 2019 its Special Assessment Bonds (Expansion Area Project), Series 2019, in the par amount of $5,915,000 (the “Series 2019 Bonds”); and

WHEREAS, the specific public infrastructure improvements funded by the District through the issuance of the Series 2019 Bonds (the “Improvements”) (a/k/a the “Expansion Area Project”) are described in the First Supplemental Engineer’s Report of dated May 16, 2018, prepared by Alvarez Engineers, Inc., as amended and supplemented (the “Engineer’s Report”); and

WHEREAS, in order to provide the revenue necessary to pay the debt service on the Series 2019 Bonds, the District’s Board of Supervisors adopted Resolution No. 2018-10 on August 22, 2018, pursuant to Section 170.05, F.S., levying debt special assessments on the lands located in the District’s original boundaries benefitted by the Improvements (Expansion Area Project); and

WHEREAS, Section 170.09, F.S. provides that the owners of parcels of non-exempt real property within the Expansion Area within the District that is subject to such a debt special assessment may pay his/her/its pro rata share of the special assessment without interest at any time within thirty (30) days

after the Improvements (Expansion Area Project) are completed and a resolution accepting same has been adopted by the governing authority of the District; and

WHEREAS, the District Engineer has submitted a certificate dated October 29, 2024 to the District Board of Supervisors certifying to the District that the original boundary Improvements (Expansion Area Project) have been completed, a copy of which certificate is attached hereto as Exhibit “A”;

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE COCO PALMS COMMUNITY DEVELOPMENT DISTRICT THAT:
The Improvements (Expansion Area Project), funded through the issuance of the Series 2019 Bonds are hereby declared to be complete and, by adoption of this Resolution, are accepted by the District.

Unless otherwise waived by a property owner expressly or by operation of law, the 30-day period provided in Section 170.09, F.S., shall run from the date of adoption of this Resolution, within which period the owners of non-exempt real property within the District’s original boundaries shall have the right to pre-pay without interest the debt special assessment allocated to their non-exempt real property.
PASSED, ADOPTED and EFFECTIVE this  28th day of  April	, 2025.

ATTEST:	COCO PALMS
COMMUNITY DEVELOPMENT DISTRICT

By:		By:	

Print name: 		Print name: 		 Secretary/Assistant Secretary			Chairperson/Vice Chairperson

EXHIBIT “A”

DISTRICT ENGINEER’S CERTIFICATE

FL Certificate of Authorization No. 7538 8935 NW 35 Lane, Suite 101
Doral, FL 33172
Tel. (305) 640-1345
E-Mail: Juan.Alvarez@AlvarezEng.com

October 29, 2024

Mr. Armando Silva District Manager
Coco Palms Community Development District Special District Services, Inc.
The Oaks Center 2501A Burns Road
Palm Beach Gardens, FL 33410

Re:	Certificate of Completion
Special Assessment Bonds, Series 2019 Project The Expansion Area
Via:	asilva@sdsinc.org

Dear Mr. Silva:

This Certificate is furnished pursuant to Section 5.01 (c) of the Master Trust Indenture between Coco Palms Community Development District (the “District”) and Regions Bank (the “Trustee”) dated as of February 1, 2016 (the “Indenture”), and is intended to evidence to the Trustee the completion of the Special Assessment Bonds, Series 2019 project (the “Expansion Area Project”) undertaken by the District as described in the First Supplemental Engineer’s Report accepted by the District’s Board of Supervisors on May 16, 2018, and in the Acquisition Agreement between the District and Lennar Homes, LLC (the “Developer”) dated as of January 16, 2019.

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

Sincerely,

Alvarez Engineers, Inc.

Juan R. Alvarez, PE District Engineer
FL Engineer License No. 38522 Date: October 29, 2024

This item has been digitally signed and sealed by Juan R. Alvarez, PE on October 29, 2024.
Printed copies of this document are not considered signed and sealed and the signature must be verified on any electronic copies.

RESOLUTION NO. 2025-02

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 2025/2026 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 2025/2026 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 2025/2026 attached hereto as Exhibit “A” is approved and adopted.

Section 2.  A Public Hearing is hereby scheduled for July 28, 2025 at 6:30 p.m. in the Artesa Clubhouse, located at 11590 SW 248th Street, Homestead, Florida 33032, for the purpose of receiving public comments on the Proposed Fiscal Year 2025/2026 Budget.

PASSED, ADOPTED and EFFECTIVE this 28th day of April, 2025.

ATTEST:	COCO PALMS
COMMUNITY DEVELOPMENT DISTRICT

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

Coco Palms Community Development District

Proposed Budget For Fiscal Year 2025/2026
October 1, 2025 - September 30, 2026

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 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	
FISCAL YEAR 2025/2026 BUDGET	
Administrative Assessments	83,459	
Maintenance Assessments	67,702	
Debt Assessments (2016)	695,856	
Debt Assessments (2019)	398,525	
Other Revenues - Cost Share	9,800	
Interest Income	1,080	
		
TOTAL REVENUES	$	1,256,422	
		
EXPENDITURES		
Administrative Expenditures		
Supervisor Fees	4,000	
Payroll Taxes	306	
Management	35,976	
Legal	12,000	
Assessment Roll	7,800	
Audit Fees	5,400	
Arbitrage Rebate Fee	1,300	
Insurance	8,200	
Legal Advertisements	2,200	
Miscellaneous	850	
Postage	400	
Office Supplies	525	
Dues & Subscriptions	175	
Trustee Fees	7,000	
Continuing Disclosure Fee	1,000	
Website Management	2,000	
Administrative Contingency	200	
		
Total Administrative Expenditures	$	89,332	
		
Maintenance Expenditures		
Annual Engineer's Report/Inspections	2,300	
Field Operations Management	1,200	
Lawn & Landscape Maintenance - HOA Contribution	26,000	
Irrigation System Maintenance/Upkeep	2,000	
Irrigation System - Water	5,000	
Roadway/Drainage System Maintenance/Upkeep	7,000	
Common Driveway Maintenance/Upkeep	10,000	
Fountain Maintenance/Upkeep	5,000	
FP&L Power/Utility	13,000	
Lake - Aquatic Maintenance	4,200	
Miscellaneous Maintenance	11,100	
		
Total Maintenance Expenditures	$	86,800	
		
TOTAL EXPENDITURES	$	176,132	
		
REVENUES LESS EXPENDITURES	$	1,080,290	
		
Bond Payments (2016)	(654,105)	
Bond Payments (2019)	(374,614)	
		
BALANCE	$	51,571	
		
County Appraiser & Tax Collector Fee	(24,910)	
Discounts For Early Payments	(49,821)	
		
EXCESS/ (SHORTFALL)	$	(23,160)	
		
Carryover Funds From Prior Year	23,160	
		
NET EXCESS/ (SHORTFALL)	$	-	

DETAILED PROPOSED BUDGET
COCO PALMS COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	
FISCAL YEAR 2023/2024 ACTUAL	
FISCAL YEAR 2024/2025 BUDGET	
FISCAL YEAR 2025/2026 BUDGET	

COMMENTS	
Administrative Assessments	86,606	82,451	83,459	Expenditures Less Interest & Cost Share/.94	
Maintenance Assessments	66,596	68,723	67,702	Expenditures Less Carryover/.94	
Debt Assessments (2016)	695,856	695,856	695,856	Bond Payments/.94	
Debt Assessments (2019)	400,000	400,000	398,525	Bond Payments/.94	
Other Revenues - Cost Share	9,800	9,800	9,800	Cost Share Revenue	
Interest Income	14,247	720	1,080	Interest Projected At $90 Per Month	
					
TOTAL REVENUES	$	1,273,105	$	1,257,550	$	1,256,422		
					
EXPENDITURES					
Administrative Expenditures					
Supervisor Fees	2,400	4,000	4,000	Supervisor Fees	
Payroll Taxes	183	306	306	Supervisor Fees * 7.65%	
Management	33,960	34,968	35,976	CPI Adjustment	
Legal	9,675	12,000	12,000	No Change From 2024/2025 Budget	
Assessment Roll	7,800	7,800	7,800	No Change From 2024/2025 Budget	
Audit Fees	5,000	5,200	5,400	Accepted Amount For 2024/2025 Audit	
Arbitrage Rebate Fee	1,300	1,300	1,300	No Change From 2024/2025 Budget	
Insurance	7,428	8,000	8,200	Fiscal Year 2024/2025 Expenditure Was $7,726	
Legal Advertisements	1,930	2,200	2,200	Costs Have Increased Due To Closing Of The Miami Business Review	
Miscellaneous	661	900	850	$50 Decrease From 2024/2025 Budget	
Postage	157	425	400	$25 Decrease From 2024/2025 Budget	
Office Supplies	422	550	525	$25 Decrease From 2024/2025 Budget	
Dues & Subscriptions	175	175	175	No Change From 2024/2025 Budget	
Trustee Fees	7,000	7,000	7,000	No Change From 2024/2025 Budget	
Continuing Disclosure Fee	1,000	1,000	1,000	No Change From 2024/2025 Budget	
Website Management	2,000	2,000	2,000	No Change From 2024/2025 Budget	
Administrative Contingency	0	200	200	No Change From 2024/2025 Budget	
					
Total Administrative Expenditures	$	81,091	$	88,024	$	89,332		
					
Maintenance Expenditures					
Annual Engineer's Report/Inspections	2,200	2,300	2,300	No Change From 2024/2025 Budget	
Field Operations Management	1,200	1,200	1,200	No Change From 2024/2025 Budget	
Lawn & Landscape Maintenance - HOA Contribution	9,365	26,000	26,000	No Change From 2024/2025 Budget	
Irrigation System Maintenance/Upkeep	0	2,000	2,000	No Change From 2024/2025 Budget	
Irrigation System - Water	0	5,000	5,000	No Change From 2024/2025 Budget	
Roadway/Drainage System Maintenance/Upkeep	0	7,000	7,000	No Change From 2024/2025 Budget	
Common Driveway Maintenance/Upkeep	4,015	10,000	10,000	No Change From 2024/2025 Budget	
Fountain Maintenance/Upkeep	0	5,000	5,000	No Change From 2024/2025 Budget	
FP&L Power/Utility	12,651	13,000	13,000	No Change From 2024/2025 Budget	
Lake - Aquatic Maintenance	3,630	4,200	4,200	No Change From 2024/2025 Budget	
Miscellaneous Maintenance	1,071	11,100	11,100	No Change From 2024/2025 Budget	
					
Total Maintenance Expenditures	$	34,132	$	86,800	$	86,800		
					
TOTAL EXPENDITURES	$	115,223	$	174,824	$	176,132		
					
REVENUES LESS EXPENDITURES	$	1,157,882	$	1,082,726	$	1,080,290		
					
Bond Payments (2016)	(661,549)	(654,105)	(654,105)	2026 P & I Payments Less Earned Interest	
Bond Payments (2019)	(381,605)	(376,000)	(374,614)	2026 P & I Payments Less Earned Interest	
					
BALANCE	$	114,728	$	52,621	$	51,571		
					
County Appraiser & Tax Collector Fee	(11,996)	(24,940)	(24,910)	Two Percent Of Total Assessment Roll	
Discounts For Early Payments	(47,981)	(49,881)	(49,821)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	$	54,751	$	(22,200)	$	(23,160)		
					
Carryover Funds From Prior Year	0	22,200	23,160	Carryover Funds From Prior Year	
					
NET EXCESS/ (SHORTFALL)	$	54,751	$	-	$	-		

DETAILED PROPOSED DEBT SERVICE FUND BUDGET (SERIES 2016)
COCO PALMS COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	FISCAL YEAR 2023/2024 ACTUAL	FISCAL YEAR 2024/2025 BUDGET	FISCAL YEAR 2025/2026 BUDGET	

COMMENTS	

Interest Income	
37,656	
500	
1,200	
Projected Interest For 2025/2026	

NAV Tax Collection	
661,549	
654,105	
654,105	
Maximum Debt Service Collection	

Total Revenues	
$	699,205	
$	654,605	
$	655,305		

EXPENDITURES					

Principal Payments	
230,000	
235,000	
245,000	
Principal Payment Due In 2026	

Interest Payments	
432,375	
416,963	
406,163	
Interest Payments Due In 2026	

Bond Redemption	
0	
2,642	
4,142	
Estimated Excess Debt Collections	

Total Expenditures	
$	662,375	
$	654,605	
$	655,305		

Excess/ (Shortfall)	
$	36,830	

$	-	

$	-		

Series 2016 Bond Information
Original Par Amount =	$10,355,000	Annual Principal Payments Due =	May 1st	
Interest Rate =	3.75% - 5.00%	Annual Interest Payments Due =	May 1st & November 1st	
Issue Date =	February 2016			
Maturity Date =

Par Amount As Of 1/1/25 =	May 2046

$8,775,000			

DETAILED PROPOSED DEBT SERVICE FUND BUDGET (SERIES 2019)
COCO PALMS COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	FISCAL YEAR 2023/2024 ACTUAL	FISCAL YEAR 2024/2025 BUDGET	FISCAL YEAR 2025/2026 BUDGET	

COMMENTS	

Interest Income	
24,329	
500	
1,200	
Projected Interest For 2025/2026	

NAV Tax Collection	
381,605	
376,000	
374,614	
Maximum Debt Service Collection	

Total Revenues	
$	405,934	
$	376,500	
$	375,814		

EXPENDITURES					

Principal Payments	
115,000	
120,000	
125,000	
Principal Payment Due In 2026	

Interest Payments	
262,469	
255,900	
249,500	
Interest Payments Due In 2026	

Bond Redemption	
0	
600	
1,314	
Estimated Excess Debt Collections	

Total Expenditures	
$	377,469	
$	376,500	
$	375,814		

Excess/ (Shortfall)	
$	28,465	

$	-	

$	-		

Series 2019 Bond Information

Original Par Amount =	$5,915,000	Annual Principal Payments Due =	June 15th	
Interest Rate =	3.5% - 5.00%	Annual Interest Payments Due =	June 15th & December 15th	
Issue Date =	February 2019			
Maturity Date =

Par Amount As Of 1/1/25 =	June 2049

$5,385,000			

COCO PALMS COMMUNITY DEVELOPMENT DISTRICT ASSESSMENT COMPARISON

Fiscal Year	Fiscal Year	Fiscal Year	Fiscal Year
2022/2023	2023/2024	2024/2025	2025/2026
	Assessment*	 	Assessment*	 	Assessment*	  Projected Assessment* 

Original Units		
Administrative For Single Family Units	$	86.40	$	82.47	$	80.37	$	81 35	
Maintenance For Single Family Units	$	61.09	$	64.91	$	66.99	$	66 00	
Debt For Single Family Units	 $	1,053.00	$	1,053.00	$	1,053.00	$	1,053 00	
Total For SinJle Famil\ Units	$	1,200 49	$	1,200 38	$	1,200 36	$	1,200 35	
Administrative For Townhome Units	$	86.40	$	82.47	$	80.37	$	81 35	
Maintenance For Townhome Units	$	61.09	$	64.91	$	66.99	$	66 00	
Debt For Townhomes Units	$	948.00	$	948.00	$	948.00	$	948 00	
Total For ToZnhomes Units	$	1,095 49	$	1,095 38	$	1,095 36	$	1,095 35	
Administrative For Villa Units	$	86.40	$	82.47	$	80.37	$	81 35	
Maintenance For Villa Units	$	61.09	$	64.91	$	66.99	$	66 00	
Debt For Villa Units	$	843.00	$	843.00	$	843.00	$	843 00	
Total For Villa Units	$	990 49	$	990 38	$	990 36	$	990 35	
Expansion Area Units						
Administrative For Townhome Units	$	86.40	$	82.47	$	80.37	$	81 35	
Maintenance For Townhome Units	$	61.09	$	64.91	$	66.99	$	66 00	
Debt For Townhomes Units	 $	1,474.47	$	1,474.47	$	1,474.47	$	1,474 47	
Total For ToZnhomes Units	$	1,621 96	$	1,621 85	$	1,621 83	$	1,621 82	
Administrative For Villa Units	$	86.40	$	82.47	$	80.37	$	81 35	
Maintenance For Villa Units	$	61.09	$	64.91	$	66.99	$	66 00	
Debt For Villa Units	 $	1,369.15	$	1,369.15	$	1,369.15	$	1,369 15	
Total For Villa Units	$	1,516 64	$	1,516 53	$	1,516 51	$	1,516 50	

* Assessments Include the Following : 4% Discount for Early Payments
1% County Tax Collector Fee
1% County Property Appraiser Fee			
 Community Information:				
Original Units	Total Units		
Single Family Units	181	Original Units	743	
Townhomes Units	309	Expansion Area Units	283	
Villa Units	253	Total Units	1,026	
Total Units	743			

Expansion Area Units		
Townhomes (Original Units) Information	

Townhomes (Expansion Information)	
Townhomes Units	119	Total Units	309	Total Units: 119	
Villa Units	164	Prepayments	1	Prepayments: 1	
Total Units	283	Billed For Debt	308	Billed For Debt: 118	

V

RESOLUTION 2025-03

A RESOLUTION OF THE COCO PALMS COMMUNITY DEVELOPMENT DISTRICT DESIGNATING MICHAEL J. PAWELCZYK AS THE DISTRICT’S REGISTERED AGENT AND DESIGNATING THE OFFICE OF BILLING, COCHRAN, LYLES, MAURO & RAMSEY, P.A. AS THE REGISTERED OFFICE

WHEREAS, Section 189.014, Florida Statutes requires that the Coco Palms Community Development District (the “District”) designate a registered office and a registered agent, and further authorizes the District to change its registered office and registered agent, at the discretion of the District Board of Supervisors (the “Board”); and

WHEREAS, the designation of both a registered office and a registered agent is for the purpose of accepting service of process, notice, or demand that is required or permitted by law to be served upon the District; and

WHEREAS, the Board has been informed by the office of District Counsel that there is a need to designate a new registered agent for the District; and

WHEREAS, the Board seeks designate Michael J. Pawelczyk as the registered agent for the District, and update the business address of the registered office of the District, as necessary.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE COCO PALMS COMMUNITY DEVELOPMENT DISTRICT, THAT:
Section 1.	The foregoing recitals are hereby incorporated as findings of fact of the Board.

Section 2.  Michael J. Pawelczyk is hereby designated as the registered agent for the District, thereby replacing any previously designated registered agent.
Section 3.  The registered office of the District is hereby designated as the office at Billing, Cochran, Lyles, Mauro & Ramsey, P.A., 515 East Las Olas Boulevard, Suite 600, Fort Lauderdale, Florida 33301. The registered office is identical to the business address of the registered agent designated in Section 2 of this Resolution.
Section 4. Pursuant to the requirements of Section 189.014(2), Florida Statutes, the District’s Secretary shall transmit copies of this Resolution to the local governing authority or authorities and to the Florida Department of Economic Opportunity.

Section 5.  All resolutions or parts of resolutions in conflict herewith are repealed to the extent of such conflict.

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Section 6.   If any clause, section or other part or application of this Resolution is held by a court of competent jurisdiction to be unconstitutional, illegal or invalid, in part or as applied, it shall not affect the validity of the remaining portions or applications of this Resolution.

Section 7.	This Resolution shall be effective immediately upon adoption.

PASSED AND ADOPTED THIS 28th DAY OF April, 2025.

ATTEST:

COCO PALMS
COMMUNITY DEVELOPMENT DISTRICT

	

Print name: 		Print name: 	 Secretary/Assistant Secretary		Chair/Vice-Chair, Board of Supervisors

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