BLUE LAKE COMMUNITY DEVELOPMENT
DISTRICT

LEE COUNTY Regular Board Meeting
MAY 13, 2025
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 May 13, 2025
3:00 P.M.
Call- In: (800) 743-4099 Passcode: 7423990 (for residents)

Call to Order
Proof of Publication…	Page 1
Establish Quorum
Additions or Deletions to Agenda
Approval of Minutes
April 22, 2025 Regular Board Meeting…	Page 2
Old Business
Update on Negotiations with Developer
Update on Lake Bank Repair Project
New Business
Discussion on Preliminary Schedule for Phase 1 – Designs, Permitting and Start of Bidding
DiNitto Property Repair – Discussion on Sod Replacement…	Page 6
Consider Resolution No. 2025-01 – Adopting a Fiscal Year 2025/2026 Proposed Budget…	Page 7
Administrative Matters
Manager’s Report
Financials…	Page 15
Next Meetings – May 27, 2025 and June 10, 2025
Engineer’s Report
a)  Gantt Chart/Overall Repair Schedule
Attorney’s Report
a)  Update on Maintenance Agreement with HOA
Comments from the Public for Items Not on the Agenda
Board Member Comments
Adjourn

LocaliQ
Florida
GANNETT

PO Box 631244 Cincinnati, OH 45263-1244

BOARD OF SUPERVISORS'

AFFIDAVIT OF PUBLICATION
DEFAULT
Blue Lake Comm. Development 250I Burns RD # A
Palm Beach Gardens FL 33410-5207

STATE OF WISCONSIN, COUNTY OF BROWN

Before the undersigned authority personally appeared, who on oath says that he or she is the Legal Advertising Representative of the Naples Daily News, a newspaper published in Collier County, Florida; that the attached copy of advertisement, being a Legal Ad in the matter of Public Notices, was published on the publicly accessible website of Collier and Lee Counties, Florida, or in a newspaper by print in the issues of, on:

01/02/2025

Affiant further says that the website or newspaper complies with all legal requirements for publication in chapter SO, Florida Statutes.
Subscribed and sworn to before me, by the legal clerk, who is personally known to me, on 01/02/2025
�

My commission expires

Publication Cost:	$370.48	
Tax Amount:	$0.00	
Payment Cost:	$370.48	
Order No:	10877852	
Customer No:	1126620	
PO#:		

# of Copies: 1

THIS IS NOT AN INVOICE!
Please do not use this form for payment remittance.

REVISED MEETING DATES FOR BLUE LAKE COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2024/2025
The Board of Supervisors of !he Blue Lake Community Development District will hold !heir regular meet­ ings for Fiscal Yeor 2024-2025 ot the Wild Blue Social Buildin;. 18721 WildBlue Blvd., Fort Mvers, Florido 33913 ot 3:00 p.m. on th!'.! following dotes {the 2nd and ,ith Tuesdovs of
!he month) while?toke bank planning and construction tokes pfoce during
!he 201.u2025 Fiscal Year:
.Jonuarv 14 & 28, 202S
February 11 II. 25, 2025
Morch 11 & 25, 202.5
April 8 t.. 22, 2025
Moy 13 & 27, 2025
June 10 t. 2.(, 2025
Julv a & 22, 202s
Auou!.t 12 & 26, 2025
Seotember 9 & 23, 202S
Note !hot the second meetlns;is of the month will be concelled, without further notice, if there are no ocfion­ oble items or �igniflcont updotes. Meel!ngs moy, in the District's sole discretion. be broadcast through Zoom, or some other communica• lions technology platform, but note P0rlicipolion mov be limiled lo in­ person attendance. Additionally, should there be o failure with the lnlernet or other technical difficul­ ties, the District mo\-', in lrs sole discretion, continue wilh the in­ PCrson meeting. Instructions to porticiPOte fhrouoh Zoom or other methods may be obtained from the District Manager using the below contact Information.
A copy of the agenda may be
obtained at the offices of !he District Manager, do  Special District Services, 2501A Burns Rood, Polm Beach Gardens, Florido 33410, Ph: 561·630-4922 ("District Monoocr'5 Office"), during normal business hours, or by visiting the Dislricl's website al www.bluelokecdd.org. The meetings ore open to the public and will be conducled in accordance with !he provisions of Florido low. The meetings moy be conlinued in pragrcs!. lo a dote, lime certain, and plarn to be specified on the record al !he meetin9. There mov be occa• slons when 13oord Supervisors or Oislric.t Stoff may participate by speaker leh.•phone.
Anv person requiring special occom• mOdolions at mM'tinr;i because of o disabililv or physical lmooirment should contact the District Mancocr's Office 01 least forty-ei!Jhl
(413) hours prior to the public hear• ing and meeling. If you ore hearing or speech impaired, Please conlocl the Florido Relay Service by dio!ing 7-1-1, or 1-800-955-8771 (TTY) / 1-800·
955-11770 (Voice}, for old in contact­ ing the Districl Manager's Office.
Each person who decides to oppcal any decision mode bY the Board with res�ct to any motler consid­ ered ol the meeting is advised that person will need a record of proceedinos and !hot accordingly, the person may need to en5ure that a verbatim record of the orocced­ inos is made, including the testi­ mony and Qvidence uoon which such appeal is to t)t! based.
Meetim:Js may be cancelled from time lo lime withoul odvertised notice.
District Monoger
BLUE	LAKE	COMMUNITY DEVELOPMENT DISTRICT
www.bluelokecdd.ort1
IM.5 10817857

NANCY HEYRMAN
Notary Public State of Wisconsin

Page 1 of 1

BLUE LAKE COMMUNITY DEVELOPMENT DISTRICT REGULAR BOARD MEETING
APRIL 22, 2025

CALL TO ORDER

The April 22, 2025, Regular Board Meeting of the Blue Lake Community Development District (the “District”) was called to order at 3:05 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 March 31, 2025, as legally required.

ESTABLISH A QUORUM

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

Chairman	Chris Hasty	Present	
Vice Chairman	David Bello	Present	
Supervisor	Norbie Larsen	Present via phone	
Supervisor	Mark Rapponotti	Present	
Supervisor	Terry Vette	Present	

Also present were the following Staff Members:

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

Also present were the following: Chris Fiore & David Gurley – Litigation Counsel via phone; and the following District residents: Dave Pazdernik, Linda Jones (HOA), Marc & Sydell Nusbaum, Walter Page, Brett Knickerbocker, David Geddeis, Chris Reis and Hank Milius.

ADDITIONS OR DELETIONS TO AGENDA
Mr. Bello requested a discussion to appoint a person as a liaison for financing issues and it was the consensus of the Board to address this matter under Board Member Comments.
APPROVAL OF MINUTES
April 8, 2025, Regular Board Meeting
The minutes of the April 8, 2025, Regular Board Meeting were presented for consideration.

Mr. Bello stated that in Section F1 the second sentence should read “subs and other developers”.

A motion was made by Mr. Bello, seconded by Mr. Vette and passed unanimously approving the minutes of the April 8, 2025, Regular Board Meeting, as amended.

OLD BUSINESS
Update on Negotiations with Developer

Mr. Gurley stated that he had spoken with Lennar’s Counsel, David Harper, who conferred that the developer would engage in mediation with the District, noting that there were many details to work out with individual calls with the Board Members. He added that he had spoken with Barraco & Associates, Turrell Hall & Associates and Marine Contracting in order to get their buy-in to participate. He continued that the conversation would give more structure to the actual mediation. Mr. Bello asked for timing on the mediation and Mr. Fiore stated that after they have individual conversations with the Board Members they will have a better context for timing. Mr. Bello also asked if only one Board Member could attend the mediation and Mr. Haber confirmed that the Board could delegate a single person who could negotiate, but does not have settlement authority, as the outcome would need to come before the entire Board. Mr. Fiore stated that such a delegation can wait a bit, as formal mediation is probably 60- 90 days after preliminary conversations take place to make sure the mediation is set to achieve a result.

Update on Lake Bank Repair Project

Mr. Savage stated that at the last Board meeting the funding pieces were settled and the design was proceeding.
NEW BUSINESS
Discussion Regarding Baracco Estimates to Build Revetment
Mr. Bello advised that he had reached out to quarries to get rocks, noting that they were less than forthcoming with numbers and were not local. He proceeded to go over his presentation that was included in the agenda packet covering the following:
Engineering Estimate on Amount of Rock Needed for Both Phase 1 and Phase 2 Repairs
Engineering Rough Order of Magnitude Estimate on Costs to Install Rock for both Phase 1 & 2
Estimate on Wall Demo and Removal
Estimate of Total Costs to Repair the Wall

Mr. Bello noted the following estimates: Phase I is $6.34 Million, Phase II is $7.14 Million, explaining that the estimates may be high and include a 30% contingency. Discussion ensued regarding the actual size of the project with residents commenting on what they felt the fix should entail. Mr. Knickerbocker suggested doing a cap on remaining areas of the wall and Mr. Larson responded that he does not think the wall is strong enough for a concrete cap as it would put more strain. Mr. Reis asked if the prices were in line with other Lennar developments, noting that he was involved with two walls in other communities and what is being presented is double those prices. Mr. Hasty commented that the volume needed here was a challenge for finding a good reliable source, so making comparables may not be “apples to apples.” Mr. Bello reiterated that his presentation was a rough order of magnitude with Mr. Savage pointing out that the estimates were on a full rock revetment on 100% of the lake. Mr. Hasty stated that this was a different direction than the previous discussions of repairing the damaged areas and protecting what is already there. He continued that this was an exercise for possible bonding and done

without full design plans. The Board Members thanked Mr. Bello for the time he put into the presentation.

Discussion Regarding Preliminary Schedule for Phase 1 – Designs, Permitting and Start of Bidding

Mr. Savage explained that the design was being worked on and some aspects of the process were being done concurrently. He continued that he estimated six weeks before the designs could go to permitting. Mr. Bello asked when bidding would take place if the designs were completed in early June. Mr. Barraco indicated that after permitting, the contractors needed 4-6 weeks before they can proceed. Mr. Larsen stated that 90% plans were needed for bidding and Mr. Hasty suggested that Mr. Savage get with Cummins Cederberg to find out when 90% plans would be completed. Mr. Hasty volunteered to put together a gant chart with estimated timing and concurrent processes. Ms. Meneely mentioned that bonding had its own required timelines and Mr. Haber went over the specifics of what was required, noting that lending required debt assessments to be in place and that an assessment methodology, notices and public hearings also have to take place in advance of funding. Mr. Larsen asked about bonding versus what is received from Lennar refunding, what residents pay in advance and Mr. Haber stated that there were ways to do it, including reducing O&M in the budget the following year. Mr. Hasty asked if 75 days for bonding was a good estimate and Mr. Haber added that conservatively, it may be in that range but may take longer. Mr. Hasty stated he would include in the gant chart he will prepare once he has all the estimates.

ADMINISTRATIVE MATTERS
Manager’s Report
Ms. Meneely reminded the Board that the next meeting was scheduled for May 13, 2025.

Ms. Meneely advised that the budget would be presented at the next meeting and asked what the Board wanted included. There was a consensus of the Board to keep building the reserves and to include repayment of the Seacoast funding. Mr. Bello asked if overages from this year would be present as last year and Ms. Meneely stated that the attorney fees were so high this year so there may be overages to be covered, noting that Jeff Walker would determine that as he puts together the budget.

Ms. Meneely noted, with new Members of the Board it would be appropriate to reappoint officers, further noting that Chris Hasty was the Chair. She explained that there currently was no Vice-Chair and all the remaining Board Members would be designated as Assistant Secretaries. Mr. Rapponotti asked if Mr. Bello would serve as Vice-Chair and Mr. Bello agreed.

A motion was made by Mr. Rapponotti, seconded by Mr. Vette and passed unanimously appointing Mr. Bello as Vice Chair with the remaining Board Members being designated as Assistant Secretaries.

Engineer’s Report
Update on Repairs for 14462 Blue Bay Circle – DiNitto Property

Mr. Savage stated that the work had been authorized and the contractor, Crocker, estimated that it would be scheduled the last week of April or the first week of May.

Attorney’s Report
Update on Removal of CDD from Deed at County for Lake

Page 3 of 4

Mr. Haber stated that copies of the disclaimer form had been provided to Board.

A motion was made by Mr. Bello, seconded by Mr. Rapponotti and passed unanimously authorizing the Chair to sign the disclaimer form and for the attorney to file it with the County.

COMMENTS FROM THE PUBLIC FOR ITEMS NOT ON THE AGENDA

Mr. Milius asked if the agreement with the developer for mediation was in writing and Mr. Rapponotti responded that it was verbal but a true commitment would be in writing.

BOARD MEMBER COMMENTS ADDED
Mr. Bello advised that the financing issue was covered with the Chair working on a gant chart schedule. Discussion ensued that it would be helpful if a Board Member would “bird dog” financing processes, including bonding and Mr. Bello nominated Mr. Vette. Mr. Larsen seconded and the nomination passed unanimously.

ADJOURNMENT

There being no further business to come before the Board, a motion was made by Mr. Rapponotti, seconded by Mr. Vette and passed unanimously adjourning the Regular Board Meeting at 4:45 p.m.

ATTESTED BY:

Secretary/Assistant Secretary	Chairperson/Vice-Chair

Page 4 of 4

From: Frank Savage <franks@barraco.net>
Sent: Monday, May 5, 2025 3:32 PM
To: Kathleen Meneely <kmeneely@sdsinc.org>; David Bello <dcb.bluelakecdd@gmail.com>
Cc: Carl A. Barraco <CarlB@barraco.net>
Subject: RE: DiNitto

Good afternoon Kathleen and Dave,

To update, I’ve spoken with Carl and he indicated the contractor is already scheduling the removal of the Floratam sod and will be replacing it with ProVista sod. Since the contractor indicated Floratam sod within the proposal, and no parties noticed it should indicate ProVista throughout the review and approval process, in the interest of time, our ﬁrm has guaranteed the contractor payment, which is indicated at $4,500, in order to keep the work moving forward.

We respectfully ask the CDD to consider bearing a portion of this additional cost as we don’t believe failure to recognize the difference between varieties of St. Augustine sod should be a cost we bear solely when all parties have been engaged throughout this process and this distinction is not something within our expected areas of expertise. We are personally guaranteeing payment regardless but if this is something the CDD will consider, we would greatly appreciate it.
Please let us know if you have any questions and if that is something that can be considered. Thanks,
Frank Savage
Senior Project Manager Barraco and Associates, Inc.
Civil Engineers ~ Land Surveyors ~ Planners 2271 McGregor Boulevard, Suite 100
Fort Myers, FL 33901
(239) 461-3170 Phone
(239) 461-3169 Fax
File: 23685

RESOLUTION 2025-01

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE BLUE LAKE COMMUNITY DEVELOPMENT DISTRICT APPROVING A PROPOSED BUDGET FOR FISCAL YEAR 2025/2026 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, 2025, a proposed budget (“Proposed Budget”) for the fiscal year beginning October 1, 2025 and ending September 30, 2026 (“Fiscal Year 2025/2026”); 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 2025/2026 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: 	August 12, 2025	
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 13th DAY OF May, 2025.

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 2025/2026
October 1, 2025 - September 30, 2026

CONTENTS

PROPOSED BUDGET

DETAILED PROPOSED BUDGET

DETAILED PROPOSED DEBT SERVICE FUND BUDGET

ASSESSMENT COMPARISON

PROPOSED BUDGET
BLUE LAKE COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	FISCAL YEAR 2025/2026 BUDGET	
O&M Assessments	728,585	
Developer Contribution - O&M	0	
Debt Assessments	663,697	
Line Of Credit Assessments	720	
Other Revenues	0	
Other Revenues-Lake Bank Project-Line Of Credit	0	
Interest Income	960	
TOTAL REVENUES	$	1,393,962	
		
EXPENDITURES		
ADMINISTRATIVE EXPENDITURES		
Supervisor Fees	12,000	
Payroll Taxes (Employer)	960	
Management	31,452	
Legal	40,000	
Legal Extraordinary - Retaining Wall	0	
Assessment Roll	4,000	
Audit Fees	5,200	
Arbitrage Rebate Fee	650	
Insurance	14,700	
Legal Advertisements	6,000	
Miscellaneous	3,993	
Postage	900	
Office Supplies	1,250	
Dues & Subscriptions	175	
Trustee Fees	4,050	
Continuing Disclosure Fee	1,000	
Deficit Funding (FY 2022/2023)	0	
TOTAL ADMINISTRATIVE EXPENDITURES	$	126,330	
		
MAINTENANCE EXPENDITURES		
Engineering/Inspections	40,000	
Engineering Extraordinary - Deficit Funding	125,000	
Mitigation Monitoring	138,500	
Lake Maintenance	60,000	
Flow Way Inspection Certification	5,000	
Detention Area Maintenance	36,000	
Miscellaneous Maintenance	100,000	
Maintenance Reserve	55,000	
TOTAL MAINTENANCE EXPENDITURES	$	559,500	
		
Lake Bank Repair Project	0	
Lake Bank Repair Project - Principal Payments	0	
Lake Bank Repair Project - Interest Payments	677	
TOTAL LAKE BANK PROJECT LOAN EXPENDITURES	$	677	
		
TOTAL EXPENDITURES	686,507	
		
REVENUES LESS EXPENDITURES	$	707,455	
		
Bond Payments	(623,875)	
		
BALANCE	$	83,580	
		
County Appraiser & Tax Collector Fee	(27,860)	
Discounts For Early Payments	(55,720)	
		
EXCESS/ (SHORTFALL)	$	-	

DETAILED PROPOSED BUDGET
BLUE LAKE 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	
O&M Assessments	469,503	581,132	728,585	Expenditures Less Interest/.94	
Developer Contribution - O&M	0	0	0	Developer Contribution - O&M	
Debt Assessments	661,941	663,697	663,697	Bond Payments/.94	
Line Of Credit Assessments	0	0	720	Line Of Credit Payments/.94	
Other Revenues	8,722	0	0		
Other Revenues-Lake Bank Project-Line Of Credit	0	0	0	Draws From Lake Bank Repair Project Line Of Credit	
Interest Income	11,751	480	960	Interest Projected At $80 Per Month	
TOTAL REVENUES	$	1,151,917	$	1,245,309	$	1,393,962		
					
EXPENDITURES					
ADMINISTRATIVE EXPENDITURES					
Supervisor Fees	400	12,000	12,000	Turnover To Resident Board Anticipated	
Payroll Taxes (Employer)	31	960	960	Projected At 8% Of Supervisor Fees	
Management	29,688	30,576	31,452	CPI Adjustment	
Legal	12,203	40,000	40,000	Additional Legal Services Anticipated	
Legal Extraordinary - Retaining Wall	35,240	0	0		
Assessment Roll	4,000	4,000	4,000	As Per Contract	
Audit Fees	4,000	4,100	5,200	Will Increase Due To Line Of Credit	
Arbitrage Rebate Fee	650	650	650	No Change From 2024/2025 Budget	
Insurance	12,219	13,610	14,700	Insurance Estimate	
Legal Advertisements	4,222	6,000	6,000	No Change From 2024/2025 Budget	
Miscellaneous	3,807	2,000	3,993	Increased Due To Conference Calls	
Postage	807	700	900	$200 Increase From 2024/2025 Budget	
Office Supplies	1,187	1,050	1,250	$200 Increase From 2024/2025 Budget	
Dues & Subscriptions	175	175	175	Annual Fee Due Department Of Economic Opportunity	
Trustee Fees	4,031	4,050	4,050	No Change From 2024/2025 Budget	
Continuing Disclosure Fee	500	1,000	1,000	No Change From 2024/2025 Budget	
Deficit Funding (FY 2022/2023)	0	41,373	0	Fiscal Year 2024/2025 Budget Item Only	
TOTAL ADMINISTRATIVE EXPENDITURES	$	113,160	$	162,244	$	126,330		
					
MAINTENANCE EXPENDITURES					
Engineering/Inspections	26,341	40,000	40,000	No Change From 2024/2025 Budget	
Engineering Extraordinary - Deficit Funding	0	0	125,000	FY 24/25 Expenditures For Taylor Engineering As Of 2/28/25 Were $76,638	
Mitigation Monitoring	22,054	138,500	138,500	No Change From 2024/2025 Budget	
Lake Maintenance	34,938	60,000	60,000	No Change From 2024/2025 Budget	
Flow Way Inspection Certification	0	5,000	5,000	No Change From 2024/2025 Budget	
Detention Area Maintenance	34,078	36,000	36,000	No Change From 2024/2025 Budget	
Miscellaneous Maintenance	75,942	55,000	55,000	No Change From 2024/2025 Budget	
Maintenance Reserve	4,400	50,000	100,000	Maintenance Reserve	
TOTAL MAINTENANCE EXPENDITURES	$	197,753	$	384,500	$	559,500		
					
Lake Bank Repair Project	0	0	0	Draws From Lake Bank Repair Project Line Of Credit	
Lake Bank Repair Project - Principal Payments	0	0	0	Annual Principal Payments ($277,778) Commence On 5/1/27	
Lake Bank Repair Project - Interest Payments	0	0	677	Interest Amount Based On Draw Of $133,400	
TOTAL LAKE BANK PROJECT LOAN EXPENDITURES	$	-	$	-	$	677		
					
TOTAL EXPENDITURES	310,913	546,744	686,507		
					
REVENUES LESS EXPENDITURES	$	841,004	$	698,565	$	707,455		
					
Bond Payments	(636,392)	(623,875)	(623,875)	2026 Principal & Interest Payments	
					
BALANCE	$	204,612	$	74,690	$	83,580		
					
County Appraiser & Tax Collector Fee	(1,030)	(24,897)	(27,860)	Two Percent Of Total Assessment Roll	
Discounts For Early Payments	(42,791)	(49,793)	(55,720)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	$	160,791	$	-	$	-		

DETAILED PROPOSED DEBT SERVICE FUND BUDGET
BLUE LAKE 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	
39,116	
500	
1,000	
Projected Interest For 2025/2026	

NAV Tax Collection	
636,392	
623,875	
623,875	
Maximum Debt Service Collection	

Total Revenues	
$	675,508	
$	624,375	
$	624,875		

EXPENDITURES					

Principal Payments	
210,000	
220,000	
225,000	
Principal Payment Due In 2026	

Interest Payments	
414,988	
403,238	
394,338	
Interest Payment Due In 2026	

Bond Redemption	
-	
1,137	
5,537	
Estimated Excess Debt Collections	

Transfer To Construction Fund	
16,468	
0	
0	
Transfer To Construction Fund	

Total Expenditures	
$	641,456	
$	624,375	
$	624,875		

Excess/ (Shortfall)	
$	34,052	
$	-	
$	-		

Series 2019 Bond Information

Original Par Amount =	$10,400,000	Annual Principal Payments Due =	June 15th	
Interest Rate =	3.50% - 4.5%	Annual Interest Payments Due =	June 15th & December 15th	
Issue Date =	May 2019			
Maturity Date =	June 2049			

Par Amount As Of 1/1/25 =	$9,415,000

Blue Lake Community Development District Assessment Comparison

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

O & M Assessment For 50' Single Family Units	

$	599.77	

$	1,103.63	

$	1,373.84	

$	

1,722.43	
Lake Bank Repair Assessment	$	-	$	-	$	-	$	1.71	
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	$	1,929.77	$	2,433.63	$	2,703.84	$	3,054.14	

O & M Assessment For 60' Single Family Units	
$	599.77	
$	1,103.63	
$	1,373.84	
$	1,722.43	
Lake Bank Repair Assessment	$	-	$	-	$	-	$	1.71	
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	$	2,195.77	$	2,699.63	$	2,969.84	$	3,320.14	

O & M Assessment For 75' Single Family Units	
$	599.77	
$	1,103.63	
$	1,373.84	
$	1,722.43	
Lake Bank Repair Assessment	$	-	$	-	$	-	$	1.71	
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	$	2,594.77	$	3,098.63	$	3,368.84	$	3,719.14	

* 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

Blue Lake Community Development District

Financial Report For April 2025

BLUE LAKE COMMUNITY DEVELOPMENT DISTRICT MONTHLY FINANCIAL REPORT
APRIL 2025

REVENUES	
Annual Budget
10/1/24 - 9/30/25	

Actual Apr-25	Year To Date Actual
10/1/24 - 4/30/25	
O & M Assessments	581,132	14,347	572,907	
Debt Assessments	661,941	16,342	652,563	
Other Revenues	480	0	0	
Interest Income	0	0	6,136	
Total Revenues	$	1,243,553	$	30,689	$	1,231,606	
				
EXPENDITURES				
Administrative Expenditures				
Supervisor Fees	12,000	1,000	3,400	
Payroll Taxes (Employer)	960	77	260	
Management	30,576	2,548	17,836	
Legal	40,000	0	31,349	
Legal Extraordinary - Retaining Wall	0	0	16,015	
Assessment Roll	4,000	0	0	
Audit Fees	4,100	0	0	
Arbitrage Rebate Fee	650	0	0	
Insurance	13,610	0	12,850	
Legal Advertisements	6,000	0	2,116	
Miscellaneous	2,000	111	1,444	
Postage	700	28	314	
Office Supplies	1,050	83	1,008	
Dues & Subscriptions	175	0	175	
Trustee Fee	4,050	0	0	
Continuing Disclosure Fee	1,000	0	0	
Deficit Funding (FY 2022/2023)	41,373	0	0	
Payroll Processing Fee	52	51	441	
Total Administrative Expenditures	162,296	3,898	87,208	
				
Maintenance Expenditures				
Engineering/Inspections	40,000	3,688	28,693	
Engineering Extraordinary - Retaining Wall	0	0	76,638	
Mitigation Monitoring	138,500	0	153,283	
Lake Maintenance	60,000	2,866	28,813	
Flow Way Inspection Certification	5,000	3,011	0	
Detention Area Maintenance	36,000	0	20,384	
Miscellaneous Maintenance (Fence Repairs, Stabilization Analysis, etc.)	55,000	2,054	6,162	
Maintenance Reserve	50,000	0	0	
Vista Dry Retention Area	0	0	3,900	
Bank Service Charges	0	0	16	
Total Maintenance Expenditures	384,500	11,619	317,889	
				
Total Expenditures	$	546,796	$	15,517	$	405,097	
				
REVENUES LESS EXPENDITURES	$	696,757	$	15,172	$	826,509	
				
Bond Payments	(623,875)	(16,342)	(627,525)	
				
BALANCE	$	72,882	$	(1,170)	$	198,984	
				
County Appraiser & Tax Collector Fee	(24,312)	0	(1,201)	
Discounts For Early Payments	(48,622)	0	(45,820)	
				
EXCESS/ (SHORTFALL)	$	(52)	$	(1,170)	$	151,963	
				
Carryover From Prior Year	0	0	0	
				
NET EXCESS/ (SHORTFALL)	$	(52)	$	(1,170)	$	151,963	

Bank Balance As Of 4/30/25	$	292,439.25	
Accounts Payable As Of 4/30/25	$	21,057.53	
Accounts Receivable As Of 4/30/25	$	-	
Available Funds As Of 4/30/25	$	271,381.72	

BLUE LAKE CDD TAX COLLECTIONS 2024/2025

#	

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	
									$1,243,073.00	$581,132.00	$  661,941.00	$581,132.00	$  661,941.00		
									$1,170,139.00	$546,264.00	$  623,875.00	$546,264.00	$  623,875.00	$  623,875.00	
1		Paid to Lee County Prop Appraiser	11/12/24	Fees			$	(423.00)		$	(423.00)			$	(198.00)	$	(225.00)		
2	1	Lee County Tax Collector	11/14/24	NAV Taxes	$	4,474.37		$	(778.32)	$	(234.91)	$	3,461.14	$	2,091.77	$	2,382.60	$	1,618.04	$	1,843.10	$	1,618.10	
3	2	Lee County Tax Collector	11/26/24	NAV Taxes	$  227,303.84			$  (9,091.89)	$  218,211.95	$  106,264.54	$  121,039.30	$  102,014.05	$  116,197.90	$  116,197.90	
4	3	Lee County Tax Collector	12/11/24	NAV Taxes	$  779,869.44			$ (31,193.92)	$  748,675.52	$  364,588.94	$  415,280.50	$  350,005.77	$  398,669.75	$  398,669.75	
5	4	Lee County Tax Collector	12/30/24	NAV Taxes	$	66,092.31			$  (2,536.35)	$	63,555.96	$	30,898.11	$	35,194.20	$	29,712.36	$	33,843.60	$	33,843.60	
6	5	Lee County Tax Collector	01/15/25	NAV Taxes	$	44,524.43			$  (1,335.75)	$	43,188.68	$	20,815.13	$	23,709.30	$	20,190.63	$	22,998.05	$	22,998.05	
7	6	Lee County Tax Collector	02/13/25	NAV Taxes	$	52,127.12			$  (1,164.35)	$	50,962.77	$	24,369.42	$	27,757.70	$	23,825.07	$	27,137.70	$	27,137.70	
8	7	Lee County Tax Collector	03/13/25	NAV Taxes	$	20,389.88			$	(263.31)	$	20,126.57	$	9,532.23	$	10,857.65	$	9,409.12	$	10,717.45	$	10,717.45	
9	8	Lee County Tax Collector	04/11/25	NAV Taxes	$	30,689.37				$	30,689.37	$	14,347.27	$	16,342.10	$	14,347.27	$	16,342.10	$	16,342.10	
10									$	-					$	-	
11									$	-					$	-	
12									$	-					$	-	
13	Int	Lee County Tax Collector		Interest					$	-					$	-	
14	URE	Lee County Tax Collector		Unused Revenue Fees					$	-					$	-	
15									$	-					$	-	
					$ 1,225,470.76	$	-	$	(1,201.32)	$ (45,820.48)	$ 1,178,448.96	$  572,907.41	$  652,563.35	$  550,924.31	$  627,524.65	$  627,524.65	

Assessment Roll	Collections
O&M	581,134.32	98.58%	Note: $1,243,073, $581,132 and $661,941 are 2024/2025 Budgeted
Debt	661,941.00	assessments before discounts and fees.
1,243,075.32	$1,170,139, $546,264 and $623,875 are 2024/2025 Budgeted
assessments after discounts and fees.

Page 17

$ 1,225,470.76
$	-	$ 1,178,448.96	
$  (572,907.41)	$  (550,924.31)	
$  (652,563.35)	$  (627,524.65)	
$	-	$	-