BLUE LAKE COMMUNITY DEVELOPMENT
DISTRICT

LEE COUNTY Regular Board Meeting
JUNE 11, 2024
3:00 P.M.

Special District Services, Inc.
The Oaks Center 2501A Burns Road
Palm Beach Gardens, FL 33410
www.bluelakecdd.org 561.630.4922 Telephone 877.SDS.4922 Toll Free 561.630.4923 Facsimile

AGENDA BLUE LAKE
COMMUNITY DEVELOPMENT DISTRICT
WildBlue Social Building 18721 WildBlue Boulevard Fort Myers, Florida 33913
REGULAR BOARD MEETING June 11, 2024
3:00 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
May 14, 2024 Regular Board Meeting	Page 2
Old Business
New Business
Update by Gurley Fant Construction Litigation Attorney’s Research
Update on Cummins Cederberg Lake Bank Repair Report
Consider Resolution No. 2024-04 – Adopting a Fiscal Year 2024/2025 Proposed Budget	Page 7
Administrative Matters
Manager’s Report
Financials	Page 18
Engineer’s Report
Attorney’s Report
Board Members Comments
Adjourn

Publication Date 2024-05-31

Subcategory Miscellaneous Notices

BLUE LAKE COMMUNITY DEVELOPMENT DISTRICT NOTICE OF REGULAR BOARD MEETING
NOTICE IS HEREBY GIVEN that the Board of Supervisors of the Blue Lake Community Development District will hold a Regular Board Meeting in the WildBlue Social Building located at 18721 WildBlue Boulevard, Fort Myers, Florida 33913 at 3:00 p.m. on June 11, 2024.
The purpose of the meeting is to address any business to properly come before the Board. The meeting is open to the public and will be conducted in accordance with the provisions of Florida law. A copy of the agenda for this meeting may be obtained from the Districts website or by contacting the District Manager at 239-444-5790 and/or toll free at 1-877-737-4922 prior to the date of the meeting.
From time to time one or two Supervisors may participate by telephone; therefore, a speaker telephone will be present at the meeting location so that Supervisors may be fully informed of the discussions taking place.
Said meeting 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 this meeting, such person will need a record of the proceedings and such person may need to ensure 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 this meeting should contact the District Manager at 239- 444-5790 and/or toll free at 1-877-737-4922 at least seven (7) days prior to the date of the meeting.
Meetings may be cancelled from time to time without advertised notice. BLUE LAKE COMMUNITY DEVELOPMENT DISTRICT
www.bluelakecdd.org
PUBLISH: NAPLES DAILY NEWS 05/31/24

Page 1

BLUE LAKE COMMUNITY DEVELOPMENT DISTRICT REGULAR BOARD MEETING
MAY 14, 2024

CALL TO ORDER

The May 14, 2024, Regular Board Meeting of the Blue Lake Community Development District (the “District”) was called to order at 1:00 p.m. in the WildBlue Social Building located at 18721 WildBlue Boulevard, Fort Myers, Florida 33966.

PROOF OF PUBLICATION

Proof of publication was presented which showed that notice of the Regular Board Meeting had been published in the Naples Daily News on May 3, 2024, as legally required.

CONSIDER RESIGNATION

Mr. Ernst announced that he would be resigning effective June 1, 2024.

A motion was made by Mr. Edwards, seconded by Mr. Ernst and passed unanimously accepting Mr. Ernst’s resignation from the Board, effective June 1, 2023.

Ms. Meneely suggested that since Mr. Ernst’s seat, Seat #4, was one of the two seats going to general election this November, it may be prudent to accept resumes from residents and appoint someone to fill the vacancy, which expires in November 2024. This way the person could run as an incumbent and there would be some continuity in the Board. After discussion, it was the consensus of the Board for Ms. Meneely to send the HOA a vacancy announcement and accept resumes with a deadline date of July 1, 2024. It was discussed that preference would be given to those residents who were planning on qualifying for one of the open seats in the general election.

ESTABLISH A QUORUM
It was determined that the attendance of the following Board Members constituted a quorum:

Chairman	Chris Hasty	Present	
Vice Chairman	Scott Edwards	Present	
Supervisor	Tommy Dean	Absent	
Supervisor	Vacant		
Supervisor	Barry Ernst	Present	

Also present were the following Staff Members:

District Manager	Kathleen Meneely	Special District Services, Inc.	
District Counsel	Wes Haber (via phone)	Kutak Rock LLP	
District Engineer	Carl Barraco &
Frank Savage (via phone)	Barraco and Associates, Inc.	

Also present were the following District residents: Steven Hamburger, Janine Black, Lena Arnold, James Towgood, F M Proctor, Jim Carr, Mark Rapponotti, Matt Robbins, Paul & Jn Kwiat, Elaine Drake, Jim Spalding, Robert, Kudnik, Rick Nelson, Rom Stuble, Wally Barfett, John Reis, Paul Thell, Donald Bobrow, Chris Reeth, Gina Goodrich, Tom & Patrice Kurz, Chad Culvahouse, Tom Jusczak, B Collen, John & Jeanne Hadginikitas, Stephanie Vitrano, Dar Pazdernik and Linda Jones.

Present via phone were: Amy Leah, Greg Miholic and others.

ADDITIONS OR DELETIONS TO AGENDA

There were no additions or deletions to the agenda.

COMMENTS FROM THE PUBLIC FOR ITEMS NOT ON THE AGENDA

Mr. Towgood asked if the lake had been deeded to the CDD. Ms. Meneely responded that it had not and Mr. Edwards continued that eventually it would be. Mr. Haber added that the plat dedication gave maintenance obligation to the District and he was having the litigation attorney look into the issue.

Mr. Bobrow asked if the damage in the preserve would be replanted and Ms. Meneely responded that it would not, as it needs to remain in its natural condition.

J Kwiat asked when the fence damage would be fixed and Ms. Meneely went over the deficit in funding, noting that the most damaged areas had been fixed but the majority of the fence funds had been used to hire the engineer designing the lake bank repairs.

Ms. Goodrich asked why the District was operating in a deficit and Ms. Meneely went over the history, including the newness of the District, the storm and unanticipated maintenance expenses and the lack of any reserves to cover those expenses.

Mr. Miholic asked about the health of the lakes, noting that Solitude was hired to maintain them. Ms. Meneely responded that Solitude maintains on a monthly basis and the reports were available. Mr. Miholic asked about posting them to the website and Ms. Meneely responded, as previously noted in past meetings, ADA issues are why only required material is posted to the website.
APPROVAL OF MINUTES
April 9, 2024, Regular Board Meeting
The minutes of the April 9, 2024, Regular Board Meeting were presented for consideration.

A motion was made by Mr. Ernst, seconded by Mr. Edwards and passed unanimously approving the minutes of the April 9, 2024, Regular Board Meeting, as presented.

OLD BUSINESS

There were no Old Business items to come before the Board.

NEW BUSINESS
Update on Lake Bank Repair Project

Mr. Barraco advised that Cederberg Cummins was still working on the report and had preliminary options. He noted that a meeting took place with Lee County to discuss permitting and meetings with SFWMD had been set up to review the options and limitations. Mr. Hasty stated that preliminary options have been created for Wild Blue that would be applicable to Vista Blue. He added that Wild Blue was about a week ahead of Vista Blue and residents can attend a May 25th presentation in Wild Blue to view the options, as they are loosely applicable to this District. Mr. Edwards added that there were about 6 or 7 options being presented that go from simple regrading to concrete cap rebuilds.

Dr. Hamburger asked about private dock repairs and Mr. Edwards responded to be careful with those, as they will need to be responsible for the cost of removing if they impede the District’s repairs to the lake banks.

J Hadginikitas asked about the approach of hurricane season, further damage and debris in the lake. Mr. Hasty responded that since the CDD has no funding, the HOA is setting up strict guidelines and more erosion would likely take place. However, he pointed out that as the area was a mine, the deviations to the original retaining wall were made to keep the shoreline as stable as it was as a mine, since strict codes would have required destabilization of the bank.

Construction Litigation Attorney’s Research Presentation

Mr. Haber advised that the letter from construction Litigation Attorney Gurley Fant was not yet complete and he anticipated it being ready for the next meeting. He further stated that the attorney was willing to attend the meeting and present his findings to the Board. Mr. Haber indicated that in the initial review, the sea wall is a latent defect and allows for the greater amount of time regarding the statute of limitations.

Mr. Robbins asked about the scope of the report and Mr. Haber stated that it was focused on the statute of limitations and the timeframes on latent versus patent defects. He continued that it would give guidance on rights being preserved and could be retained if additional counsel is needed.

Mr. Reis asked about a tolling agreement and Mr. Haber responded that he had raised it to the litigation attorney who stated that there has to be a willingness on both sides to have such an agreement. Mr. Hasty added that he has pushed the request again to the developer.
Discussion Regarding Hypothetical Bonding Options
Mr. Hasty advised that there were questions from Dr. Hamburger on hypothetical assessment options so the chart in the agenda gives such an assessment. Ms. Meneely pointed out that all would be contingent on the ongoing interest rates at the time. Mr. Hasty continued that he has asked for funding help from the developer and they have not said no and were looking into it.

Consider Resolution No. 2024-02 – Canvassing 2022 Landowner Election

Resolution No. 2024-02 was presented, entitled:

RESOLUTION 2024-02

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE BLUE LAKE COMMUNITY DEVELOPMENT DISTRICT CANVASSING AND CERTIFYING

THE RESULTS OF THE LANDOWNERS’ ELECTION OF SUPERVISORS HELD PURSUANT TO SECTION 190.006(2), FLORIDA STATUTES, AND PROVIDING FOR AN EFFECTIVE DATE.

Mr. Miholic asked about the landowner election and if they own the most land, why they are not responsible for paying for the repairs of the retaining wall? Mr. Haber stated that he would bring it up to the litigation counsel. Mr. Haber stated that the landowner elections were not a floating situation, as there were landowner elections initially, then in 2020, 2022 and now in 2024. Mr. Haber referred to Chapter 190 of the Florida Statutes, which govern special districts and elections.

A motion was made by Mr. Edwards, seconded by Mr. Ernst and passed unanimously adopting Resolution No. 2024-02, as presented.

Consider Resolution No. 2024-03 – Setting the 2024 Landowners’ Election

Resolution No. 2024-03 was presented, entitled:

RESOLUTION 2024-03

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE BLUE LAKE COMMUNITY DEVELOPMENT DISTRICT DESIGNATING A DATE, TIME AND LOCATION FOR A LANDOWNERS’ MEETING AND ELECTION; PROVIDING FOR PUBLICATION; ESTABLISHING FORMS FOR THE LANDOWNER ELECTION; AND PROVIDING FOR SEVERABILITY AND AN EFFECTIVE DATE.

Mr. Hasty pointed out that the resolution needed to be amended to reflect Seat #5 as being up for election, not Seat #3, as indicated.

A motion was made by Mr. Ernst, seconded by Mr. Edwards and passed unanimously adopting Resolution No. 2024-03, as amended.
ADMINISTRATIVE MATTERS
Manager’s Report
Financials
Ms. Meneely went over the financials, including the deficit. There were no questions from the Board.

Ms. Meneely requested that the Board consider changing the meeting time to 3:00 p.m., as requested by Mr. Dean and which also appeared to be more convenient for all involved.

A motion was made by Mr. Edwards, seconded by Mr. Hasty and passed unanimously changing the meeting start time to 3:00 p.m. and advertising accordingly, effective immediately.
Engineer’s Report

Mr. Savage stated he was asked to go over the original certification phases. He indicated that there were five different phases with the first being January 28, 2020, for the areas that were damaged by Hurricane Ian.

Dr. Hamburger opined, irrespective of Hurricane Ian, there may be future remediation of additional phases if the design is found to be poor.

Attorney’s Report

Mr. Haber had nothing further to report.

BOARD MEMBER COMMENTS

Mr. Edwards stated that the report concerning the mitigation areas was received from Passarella and just a small area needs to be treated. Ms. Meneely stated that she had sent the contractor a request for a proposal that morning to cover that area.

ADJOURNMENT

There being no further business to come before the Board, a motion was made by Mr. Ernst, seconded by Mr. Edwards and passed unanimously adjourning the Regular Board Meeting at 2:45 p.m.

ATTESTED BY:

Secretary/Assistant Secretary	Chairperson/Vice-Chair

RESOLUTION 2024-04

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE BLUE LAKE COMMUNITY DEVELOPMENT DISTRICT APPROVING A PROPOSED BUDGET FOR FISCAL YEAR 2024/2025 AND SETTING A PUBLIC HEARING THEREON PURSUANT TO FLORIDA LAW; ADDRESSING TRANSMITTAL, POSTING AND PUBLICATION REQUIREMENTS; ADDRESSING SEVERABILITY; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the District Manager has heretofore prepared and submitted to the Board of Supervisors (“Board”) of the Blue Lake Community Development District (“District”) prior to June 15, 2024, a proposed budget (“Proposed Budget”) for the fiscal year beginning October 1, 2024 and ending September 30, 2025 (“Fiscal Year 2024/2025”); and
WHEREAS, the Board has considered the Proposed Budget and desires to set the required public hearing thereon.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE BLUE LAKE COMMUNITY DEVELOPMENT DISTRICT:
PROPOSED BUDGET APPROVED. The Proposed Budget prepared by the District Manager for Fiscal Year 2024/2025 attached hereto as Exhibit A is hereby approved as the basis for conducting a public hearing to adopt said Proposed Budget.

SETTING A PUBLIC HEARING. A public hearing on said approved Proposed Budget is hereby declared and set for the following date, hour and location:
DATE: 		, 2024	 HOUR: 	1:00 p.m.		
LOCATION: WildBlue Social Building	 18721 WildBlue Boulevard	 Fort Myers, Florida 33913	
TRANSMITTAL	OF	PROPOSED	BUDGET	TO	LOCAL	GENERAL	PURPOSE
GOVERNMENT. The District Manager is hereby directed to submit a copy of the Proposed Budget to Lee County at least 60 days prior to the hearing set above.

POSTING OF PROPOSED BUDGET. In accordance with Section 189.016, Florida Statutes, the District’s Secretary is further directed to post the approved Proposed Budget on the District’s website at least two days before the budget hearing date as set forth in Section 2, and shall remain on the website for at least 45 days.
PUBLICATION OF NOTICE. Notice of this public hearing shall be published in the manner prescribed in Florida law.

SEVERABILITY. The invalidity or unenforceability of any one or more provisions of this Resolution shall not affect the validity or enforceability of the remaining portions of this Resolution, or any part thereof.
EFFECTIVE DATE. This Resolution shall take effect immediately upon adoption.

PASSED AND ADOPTED THIS 11th DAY OF June, 2024.

ATTEST:	BLUE LAKE COMMUNITY DEVELOPMENT DISTRICT

Secretary / Assistant Secretary	Chair/Vice Chair, Board of Supervisors
Exhibit A:	Proposed Budget

Blue Lake Community Development District

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

CONTENTS

PROPOSED BUDGET

II	DETAILED PROPOSED BUDGET

Ill	DETAILED PROPOSED DEBT SERVICE FUND BUDGET

IV	ASSESSMENT COMPARISON

PROPOSED BUDGET
BLUE LAKE COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2024/2025
OCTOBER 1, 2024 - SEPTEMBER 30, 2025

REVENUES	
FISCAL YEAR 2024/2025
BUDGET	
O&M Assessments	581,132	
Develoi:1er Contribution - O&M	0	
Debt Assessments	663,697	
Interest Income	480	
TOTAL REVENUES	$	1,245,309	
		
EXPENDITURES		
ADMINISTRATIVE EXPENDITURES		
Sui:1ervisor Fees	12,000	
Payroll Taxes (Emi:1loyer)	960	
Management	30,576	
Le al	40,000	
Assessment Roll	4,000	
Audit Fees	4,100	
Arbitrage Rebate Fee	650	
Insurance	13,610	
Legal Advertisements	6,000	
Miscellaneous	2,000	
Posta e	700	
Office Sui:1i:1lies	1,050	
Dues & Subscrii:1tions	175	
Trustee Fees	4,050	
Continuing Disclosure Fee	1,000	
Deficit Funding (FY 2022/2023)	41,373	
TOTAL ADMINISTRATIVE EXPENDITURES	$	162,244	
		
MAINTENANCE EXPENDITURES		
Engineering/lnsi:1ections	40,000	
Mitigation Monitoring	138,500	
Lake Maintenance	60,000	
Flow Way lnsi:1ection Certification	5,000	
Vista Dry Retention Area	0	
Detention Area Maintenance	36,000	
Miscellaneous Maintenance	55,000	
Maintenance Reserve	50,000	
TOTAL MAINTENANCE EXPENDITURES	$	384,500	
		
TOTAL EXPENDITURES	546,744	
		
REVENUES LESS EXPENDITURES	$	698,565	
			
Bond Payments			(623,875)	
				
BALANCE	$	74,690	
		
Coun\y Ai:1i:1raiser & Tax Collector Fee	(24,897)	
Discounts For Early Payments			(49,793)	
				
EXCESS/ (SHORTFALL)	$	

DETAILED PROPOSED BUDGET
BLUE LAKE COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2024/2025
OCTOBER 1, 2024 - SEPTEMBER 30, 2025

	
FISCAL YEAR	
FISCAL YEAR	
FISCAL YEAR		
	2022/2023	2023/2024	2024/2025		
REVENUES	BUDGET	BUDGET	BUDGET	COMMENTS	
O&M Assessments	256,717	466,833	581,132	Expenditures Less lnteresl/.94	
Developer Contribution - O&M	0	0	0	Developer Contribution - O&M	
Debt Assessments	661,919	663,697	663,697	Bond Payments/.94	
Interest Income	3,924	240	480	Interest Projected At $40 Per Month	
TOTAL REVENUES	$	922 560	$	1130 770	$	1 245 309		
EXPENDITURES					
ADMINISTRATIVE EXPENDITURES					
Supervisor Fees	0	0	12,000	TumoverTo Resident Board Anticipated	
Payroll Taxes (Employer)	0	0	960	Projected At 8% Of Supervisor Fees	
Management	28,824	29,688	30,576	CPI Adjustment (Capped At 3%)	
Legal	11,653	14,000	40,000	Additional Legal Services Anticipated	
Assessment Roll	4 000	4 000	4 000	As Per Contract	
Audit Fees	3,900	4,000	4,100	$100 Increase From 2023/2024 Budget	
Arbitrage Rebate Fee	650	650	650	No Change From 2023/2024 Budget	
Insurance	6,134	6,700	13,610	FY 2023/2024 Expenditure Was $12,219	
Legal Advertisements	5,727	3,500	6,000	$2,500 Increase From 2023/2024 Budget	
Miscellaneous	1,727	950	2,000	$1,050 Increase From 2023/2024 Budget	
Postage	677	300	700	$400 Increase From 2023/2024 Budget	
Office Supplies	865	1,050	1,050	No Change From 2023/2024 Budget	
Dues & Subscriptions	175	175	175	Annual Fee Due Department Of Economic Opportunity	
Trustee Fees	4,031	4,050	4,050	No Change From 2023/2024 Budget	
Continuing Disclosure Fee	1,000	1,000	1,000	No Change From 2023/2024 Budget	
Deficit Funding (FY 2022/2023)	0	0	41,373	Fiscal Year 2022/2023 Operating Deficit Was $41,373.	
TOTAL ADMINISTRATIVE EXPENDITURES	$	69 363	$	70 063	$	162 244		
MAINTENANCE EXPENDITURES					
Engineering/Inspections	32,111	29,500	40,000	Additional Engineering Services Anticipated	
Mitigation Monitoring	131,722	138,500	138,500	No Change From 2023/2024 Budget	
Lake Maintenance	48,005	60,000	60,000	No Change From 2023/2024 Budget	
Flow Way Inspection Certification	2,500	5,000	5,000	No Change From 2023/2024 Budget	
Vista Dry Retention Area	0	45,000	0	Line Item Eliminated	
Detention Area Maintenance	32,768	36,000	36,000	No Change From 2023/2024 Budget	
Miscellaneous Maintenance	0	55,000	55,000	No Change From 2023/2024 Budget	
Maintenance Reserve	0	0	50 000	Maintenance Reserve	
TOTAL MAINTENANCE EXPENDITURES	$	247 106	$	369 000	$	384 500		
TOTAL EXPENDITURES	316 469	439 063	546 744		

REVENUES LESS EXPENDITURES	$	606 091	$	691 707	$	698 565		
						
Bond Payments		(635,676)	(623,875)	(623,875)	2025 Principal & Interest Payments	
BALANCE		$	(29,585)	$	67,832	$	74,690		
						
County Appraiser & Tax Collector Fee		(1,036)	(22,611)	(24,897)	Two Percent Of Total Assessment Roll	
 Discounts For Early Payments		(35,689)	(45,221)	(49,793)	Four Percent Of Total Assessment Roll	

EXCESS/ (SHORTFALL)	
$	
(66,310)	$	-	
$		

DETAILED PROPOSED DEBT SERVICE FUND BUDGET
BLUE LAKE COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2024/2025
OCTOBER 1, 2024 - SEPTEMBER 30, 2025

REVENUES

Interest Income	
FISCAL YEAR 2022/2023 BUDGET
20,687	
FISCAL YEAR 2023/2024 BUDGET
100	
FISCAL YEAR 2024/2025 BUDGET
500	

COMMENTS

Projected Interest For 2024/2025	

NAV Tax Collection	
635,676	
623,875	
623,875	
Maximum Debt Service Collection	

Total Revenues	
$	656,363	
$	623,975	
$	624,375		

EXPENDITURES

Principal Payments

 Interest Payments

 Bond Redemption

Transfer To Construction Fund	

205,000

422,163

9,657	

210,000

411,313

2,662

0	

220,000

403,238

1,137

O	

Principal Payment Due In 2025 Interest Payment Due In 2025 Estimated Excess Debt Collections
Transfer To Construction Fund	

Total Expenditures	
$	636,820	
$	623,975	
$	624,375		

Excess/ (Shortfall)	
$	19,543	
$	-	
$		

Series 2019 Bond Information

Original Par Amount = Interest Rate =
Issue Date= Maturity Date =

Par Amount As Of 1/1/24 =

$10,400,000 3.50%-4.5%
May 2019

June 2049

$9,625,000

Annual Principal Payments Due = Annual Interest Payments Due =

June 15th

June 15th & December 15th

Blue Lake Community Development District Assessment Comparison

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

0 & M Assessment For 50' Single Family Units		

$	337.66		

$	599.77		

$	1,103.63		

$	1,373.84	
Debt Assessment For 50' Single Family Units		$	1,330.00		$	1,330.00		$	1,330.00		$	1,330.00	
Total For 50' Single Family Units		$	1,667.66		$	1,929.77		$	2,433.63		$	2,703.84	
0 & M Assessment For 60' Single Family Units		
$	337.66		
$	599.77		
$	1,103.63		
$	1,373.84	
Debt Assessment For 60' Single Family Units		$	1,596.00		$	1,596.00		$	1,596.00		$	1,596.00	
Total For 60' Single Family Units		$	1,933.66		$	2,195.77		$	2,699.63		$	2,969.84	

0 & M Assessment For 75' Single Family Units		
$	337.66		
$	599.77		
$	1,103.63		
$	1,373.84	
Debt Assessment For 75' Single Family Units		$	1,995.00		$	1,995.00		$	1,995.00		$	1,995.00	
Total For 75' Single Family Units		$	2,332.66		$	2,594.77		$	3,098.63		$	3,368.84	

* Assessments Include the Following :		
4% Discount for Early Payments
1% County Tax Collector Fee
1% County Property Appraiser Fee		
Community Information:		
50' Single Family Units	182	
60' Single Family Units	148	
75' Single Family Units	93	
Total Units	423	

IV

O&M ASSESSMENTS

DEVELOPER CONTRIBUTION - O&M

DIRECT BILL ASSESSMENTS

DEBT ON ROLL ASSESSMENTS

DEBT ASSESSMENTS

DEBT PREPAYMENTS / MISCELLANEOUS PAYMENTS

INTEREST INCOME

GENERAL FUND OTHER REVENUES

PAYROLL TAX EXPENSE

SUPERVISOR FEES

MANAGEMENT

LEGAL

ASSESSMENT ROLL

ANNUAL AUDIT

ARBITRAGE REBATE FEE

INSURANCE

LEGAL ADVERTISING

MISCELLANEOUS

POSTAGE

OFFICE SUPPLIES

DUES & SUBSCRIPTIONS

TRUSTEE FEES

CONTINUING DISCLOSURE FEE

ENGINEERING/INSPECTIONS

MITIGATION MONITORING

LAKE MAINT - AQUATIC CONTROL MAINTENANCE

FLOWWAY INSPECTION CERTIFICATION

VISTA DRY RETENTION AREA

DETENTION AREA MAINTENANCE

MISCELLANEOUS MAINTENANCE

AMORTIZATION SCHEDULES

PROFESSIONAL FEE & PERMITS

CAPITAL OUTLAY - SMALL

COUNTY APPRAISER & TAX COLLECTOR FEE

DISCOUNTS FOR EARLY PAYMENTS

Blue Lake Community Development District

Financial Report For May 2024

BLUE LAKE COMMUNITY DEVELOPMENT DISTRICT MONTHLY FINANCIAL REPORT
MAY 2024

REVENUES	
Annual Budget
10/1/23 - 9/30/24	

Actual May-24	Year To Date Actual
10/1/23 - 5/31/24	
0 & M Assessments	466,833	3,268	466,835	
Debt Assessments	663,697	4,697	661,941	
Other Revenues	240	0	0	
Interest Income	0	0	7,474	
Total Revenues	$	1,130,770	$	7,965	$	1,136,250	
				
EXPENDITURES				
Administrative Expenditures				
Supervisor Fees	0	0	0	
Payroll Taxes (Employer)	0	0	0	
Management	29,688	2,474	19,792	
Legal	14,000	0	3,113	
Legal Extraordinary - Retaining Wall	0	0	9,486	
Assessment Roll	4,000	0	0	
Audit Fees	4,000	0	0	
Arbitrage Rebate Fee	650	0	0	
Insurance	6,700	0	12,219	
Legal Advertisements	3,500	0	1,211	
Miscellaneous	950	500	1,843	
Postage	300	58	319	
Office Supplies	1,050	29	341	
Dues & Subscriptions	175	0	175	
Trustee Fee	4,050	0	0	
Continuing Disclosure Fee	1,000	0	0	
Total Administrative Expenditures	70,063	3,061	48,499	
				
Maintenance Expenditures				
Engineering/Inspections	29,500	2,488	10,725	
Mitigation Monitoring	138,500	0	10,797	
Lake Maintenance	60,000	3,907	23,809	
Flow Way Inspection Certification	5,000	0	0	
Vista Dry Retention Area	45,000	0	4,400	
Detention Area Maintenance	36,000	2,896	22,496	
Miscellaneous Maintenance (Fence Repairs, etc.)	55,000	0	34,397	
Total Maintenance Expenditures	369,000	9,291	106,624	
				
Total Expenditures	$	439,063	$	12,352	$	155,123	
				
REVENUES LESS EXPENDITURES	$	691,707	$	(4,387)	$	981,127	
				
Bond Payments	(623,875)	(4,697)	(636,392)	
				
BALANCE	$	67,832	$	(9,084)	$	344,735	
				
County Appraiser & Tax Collector Fee	(22,611)	0	(1,201)	
Discounts For Early Payments	(45,221)	0	(42,791)	
				
EXCESS/ (SHORTFALL)	$	$	(9,084)	$	300,743	
				
Carryover From Prior Year	0	0	0	
				
NET EXCESS/ (SHORTFALL)	$	$	(9,084)	$	300,743	

Note: Operating Fund Balance As Of 9/30/23: ($41,373.08) - Defici1

Bank Balance As Of 5/31/24	$	270,742.01	
Accounts Payable As Of 5/31/24	$	11,371.83	
Accounts Receivable As Of 5/31/24	$	
Available Funds As Of 5/31/24	$	259,370.18	

BLUE LAKE CDD TAX COLLECTIONS 2023/2024

#	

ID#	

PAYMENT FROM	

DATE	

FOR	

Tax Collect Receipts	

Interest Received	

Commissions Paid	

Discount	

Net From Tax Collector	O&M Assessment
Income (Before Discounts &
Fee)	Debt Assessment Income (Before Discounts &
Fee)	O&M Assessment
Income (After Discounts &
Fee)	Debt Assessment Income (After Discounts &
Fee)	

Debt Assessments Paid to
Trustee	
									$1,128,776.00	$466,835.00	$  661,941.00	$466,835.00	$  661,941.00		
									$1,062,698.00	$438,823.00	$  623,875.00	$438,823.00	$  623,875.00	$  623,875.00	
		Paid to Lee County Prop Appraiser	11/07/23	Fees			$	(423.00)		$	(423.00)			$	(423.00)		$	
2	1	Lee County Tax Collector	11/15/23	NAV Taxes	$	2,457.16		$	(778.32)	$	(129.00)	$	1,549.84	$	1,016.26	$	1,440.90	$	640.99	$	908.85	$	908.85	
3	2	Lee County Tax Collector	11/29/23	NAV Taxes	$  197,033.36			$  (7,881.42)	$  189,151.94	$	81,492.96	$  115,540.40	$  78,233.19	$  110,918.75	$  110,918.75	
4	3	Lee County Tax Collector	12/13/23	NAV Taxes	$  771,016.07			$ (30,840.84)	$  740,175.23	$  318,892.22	$  452,123.85	$ 306,136.43	$  434,038.80	$  434,038.80	
5	4	Lee County Tax Collector	12/28/23	NAV Taxes	$	66,700.86			$  (2,452.37)	$	64,248.49	$	27,587.46	$	39,113.40	$  26,573.14	$	37,675.35	$	37,675.35	
6	5	Lee County Tax Collector	01/12/24	NAV Taxes	$	27,168.87			$	(815.08)	$	26,353.79	$	11,237.02	$	15,931.85	$  10,899.89	$	15,453.90	$	15,453.90	
7	6	Lee County Tax Collector	02/15/24	NAV Taxes	$	26,597.30			$	(614.25)	$	25,983.05	$	11,000.60	$	15,596.70	$  10,746.55	$	15,236.50	$	15,236.50	
8	7	Lee County Tax Collector	03/13/24	NAV Taxes	$	5,798.26			$	(57.99)	$	5,740.27	$	2,398.16	$	3,400.10	$	2,374.17	$	3,366.10	$	3,366.10	
9	8	Lee County Tax Collector	04/15/24	NAV Taxes	$	24,038.72				$	24,038.72	$	9,942.37	$	14,096.35	$	9,942.37	$	14,096.35	$	14,096.35	
10	9	Lee County Tax Collector	05/14/24	NAV Taxes	$	7,965.89				$	7,965.89	$	3,268.44	$	4,697.45	$	3,268.44	$	4,697.45	$	4,697.45	
11									$					$	
12									$					$	
13	Int	Lee County Tax Collector		Interest					$					$	
14	URE	Lee County Tax Collector		Unused Revenue Fees					$					$	
15									$					$	
					$ 1,128,776.49	$	$	(1,201.32)	$ (42,790.95)	$ 1,084,784.22	$  466,835.49	$  661,941.00	$ 448,392.17	$  636,392.05	$  636,392.05	

Assessment Roll	Collections
	
O&M	466,835.49	100.00%
Debt	661,941.00

1,128,776.49

Note: $1,128,776, $466,833 and $661,941 are 2023/2024 Budgeted assessments before discounts and fees.
$1,062,698, $438,823 and $623,875 are 2023/2024 Budgeted assessments after discounts and fees.

$ 1,128,776.49
$	$ 1,084,784.22	
$  (466,835.49)	$  (448,392.17)	
$  (661,941.00)	$  (636,392.05)	

$	$	

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