February 18, 2016 6:00 P .M. Laurel Manor Recreation Center www.DistrictGov.org ~ Customer Service 753-4508 1
BO BOARD ARD OF SUPE OF SUPERVISORS VISORS • Walter Martin, Seat 1, Chair • Gary Kadow, Seat 5, Vice Chair • Jerry Knoll, Seat 2 • Jerry Ferlisi, Seat 3 • Chuck Wildzunas, Seat 4 2 www.DistrictGov.org ~ Customer Service 753-4508
Role ole of of District Admin District Administr istration tion Janet Y. Tutt District Manager 3 www.DistrictGov.org ~ Customer Service 753-4508
COUNCIL-MANAGER FORM OF GOVERNMENT Council – Manager form of government combines the strong political leadership of elected officials with the strong managerial experience of an appointed manager. All power and authority to set policy rests with an elected governing body. The governing body in turn hires a nonpartisan manager who has very broad authority to run the organization. It is the most popular structure of local government in the United States. 4 www.DistrictGov.org ~ Customer Service 753-4508
ORGANIZATIONAL CHART 5 www.DistrictGov.org ~ Customer Service 753-4508
A Copy of Tonight’s Pr Presenta esentation tion will be A ill be Availa vailable ble Online a Online at www.DistrictGov.org 6 www.DistrictGov.org ~ Customer Service 753-4508
VCDD CDD NO NO. . 5 O 5 OVER VERVIEW VIEW Walter Martin, Chair 7 www.DistrictGov.org ~ Customer Service 753-4508
HISTORY VCDD No. 5 was established on March 19, 2002 by Sumter County Ordinance 02-5. 1,406 Total Acres 6,399 Home Sites • Standard 4,419 • Villas 1,767 • Premier 213 8 www.DistrictGov.org ~ Customer Service 753-4508
VILLAGES Nine Villages in VCDD No. 5 • Ashland • Belvedere • Bonnybrook • Bridgeport @ Lake Miona • Liberty Park • Lynnhaven • Poinciana • Sunset Pointe • Winifred 9 www.DistrictGov.org ~ Customer Service 753-4508
WHAT IS A CDD? o A Community Development District (CDD) is a unit of special purpose government. o Chapter 190 of Florida State Statutes governs CDDs. o A CDD is a perpetual entity that is established to operate and maintain community infrastructure with the ability to levy assessments. o Each individual CDD serves a specific area and is self-supporting through the ability to levy an annual maintenance assessment on each benefiting property. 10 www.DistrictGov.org ~ Customer Service 753-4508
MAIN RESPONSIBILITIES o Streets (Villa Roads) o Water Retention Areas o Storm and Gutter Facilities o Road Rights of Way o Landscaping o Common Areas o Street Lights o Multi-Modal Transportation Paths o Sign Walls o Fences o Deed Restrictions o Management Fees for services provided by Village Center Community Development District 11 www.DistrictGov.org ~ Customer Service 753-4508
ELECTION OF BOARD OF SUPERVISORS Chapter 190 allows for a governing board of Supervisors, initially elected by the Landowner. Chapter 190 allows for this landowner elected board to transition into a fully-Resident elected Board, elected by the Qualified Electors of the District. • Qualified Electors must reside in VCDD No. 5 and be a registered voter in the State of Florida. All Supervisors that serve on the Board are Qualified Electors (residents) of VCDD No. 5. 12 www.DistrictGov.org ~ Customer Service 753-4508
MAIN RESPONSIBILITIES OF THE BOARD OF SUPERVISORS Create policies and procedures. Approve contracts and enter into Interlocal Agreements with other Districts, and governmental bodies. Approve the annual budget and maintenance assessments for upkeep of the District. Authority to issue and refinance certain types of bonds and assess all taxable property in the District. (i.e. annual maintenance assessment) Adopt rules to enforce certain External Deed Restrictions. Levy fines for violations of rules for certain External Deed Restrictions. 13 www.DistrictGov.org ~ Customer Service 753-4508
GOVERNMENT IN THE SUNSHINE o Each CDD operates in the Sunshine as directed by Florida’s Government in the Sunshine Law. o Supervisors are prohibited by law from discussing any District business outside of a publicized meeting with a Board Supervisor from the same District and can be fined for violation of the Sunshine Law. o Three basic requirements of 286.011 Florida Statutes: • Meetings of public boards or commissions must be open to the public; • Reasonable notice of such meetings must be given; and • Minutes of the meetings must be taken. 14 www.DistrictGov.org ~ Customer Service 753-4508
ASSES ASSESSMENT SMENTS, S, FIN FINANC ANCE & B E & BUDGET UDGET Jerry Ferlisi, Supervisor 15 www.DistrictGov.org ~ Customer Service 753-4508
ANNUAL NON NON-AD VALOREM ASSESSMENTS o VCDD No. 5 Bond and Maintenance Assessments are charged annually on the Non-Ad Valorem portion of your annual Property Tax Bill. 16 www.DistrictGov.org ~ Customer Service 753-4508
REVENUE BOND AND MAINTENANCE ASSESSMENT o The Revenue Bond and Maintenance Assessment appears on the Non-Ad Valorem portion of your tax bill. o Calculating the Revenue Bond & Maintenance Assessment: • The unit assessable acreage is divided by the total assessable acreage within that district. The percentage is then multiplied by the total revenue bond debt amount or maintenance amount billed for the entire district. The total number is then divided by the number of lots in the unit. 17 www.DistrictGov.org ~ Customer Service 753-4508
MAINTENANCE ASSESSMENT EXAMPLE VCDD No. 5 Total Assessable Acreage: 1297.59 Unit 83 (Ashland): • Assessable Acreage 48.55 • 246 Lots FY 2015-2016 Total Maintenance Assessment Billed: $3,122,440 Calculation: • 48.55/1297.59 X $3,122,440/246= $474.91 • The annual Maintenance Assessment for each rooftop in Unit 83 for FY 2015-16 is $474.91 18 www.DistrictGov.org ~ Customer Service 753-4508
BOND ASSESSMENT The Bond Assessment for each o property located in VCDD No. 5 is determined by the cost of infrastructure that is required prior to the construction of homes. Some examples of the infrastructure that is constructed includes: o Streets o Water Retention Areas o Storm & Gutter Facilities o Road Rights of Way o Landscaping o Common Areas o Street Lights o Multi- Modal Transportation Paths o Sign Walls o Fences 19 www.DistrictGov.org ~ Customer Service 753-4508
MAINTENANCE ASSESSMENT Maintenance Assessment in VCDD No. 5 maintains: Streets (Villa Roads) o Water Retention Areas o Storm & Gutter Facilities o Road Rights of Way o Landscaping o Common Areas o Street Lights o Multi-Modal o Transportation Paths Sign Walls o Fences o Deed Restrictions o Management Fees o 20 www.DistrictGov.org ~ Customer Service 753-4508
Fiscal Year 2015-16 Budget (Budget year begins 10/1 and ends 9/30 of each year) TOTAL REVENUES General Fund: $3,867,424.00 Debt Service: $3,782,458.00 $7,649,882.00 TOTAL EXPENSES General Fund: $3,867,424.00 Debt Service: $3,782,458.00 $7,649,882.00 21 www.DistrictGov.org ~ Customer Service 753-4508
VCDD NO. 5 GENERAL FUND FY 2015-16 BUDGET $3,867,424 o Funded by the maintenance assessment revenue o Accounts for the operation and maintenance costs of District 5 o Expenses for the maintenance of all infrastructure including landscaping o Operational expenses- utilities; management, legal, audit fees; board salaries; insurance etc. o Deed Compliance o Reserves for future replacement projects - Five Year Capital Improvement Plan (CIP) 22 www.DistrictGov.org ~ Customer Service 753-4508
VCDD NO. 5 FY2015-16 16 BUDGET GENERAL FUND REVENUE Maintenance Assessment* $ 2,997,542.00 Sumter County ROW Agreement $ 15,629.00 Interest $ 3,800.00 Debt Service Transfer $ 308,696.00 (Add) Working Capital $ 541,757.00 Total Revenue $ 3,867,424.00 DISBURSEMENTS Professional Services $ 327,883.00 Utilities $ 244,722.00 Repairs & Maintenance $ 378,018.00 Project Wide Allocation $ 1,615,355.00 Capital Outlay $ 678,566.00 Transfer to Reserves $ 580,000.00 Other $ 42,880.00 Total Disbursements $ 3,867,424.00 23 * Amount reflects 96% (4% discount) of total amount billed .
VCDD NO. 5 BOND ISSUES • 2013 Phase I $14,790,000; 3.00% to 4.00% • 2013 Phase II $22,940,000; 3.00% to 4.00% • In 2013, the 2002A and 2003A Bonds were refunded to achieve a lower interest rate. Total $37,730,000 • Common Areas • Streets • Water Retention Areas • Street Lights • Storm & Gutter Facilities • Multi-Modal • Road Rights of Way Transportation Paths • Landscaping • Sign Walls • Fences 24 www.DistrictGov.org ~ Customer Service 753-4508
VCDD NO. 5 FY 2015 – 16 16 DEBT SERVICE FUNDS Revenue Bond Assessment Regular $ 2,845,468.00 Bond Assessment Pre-pay $ 800,000.00 Interest $ 450.00 Add Working Capital $ 136,540.00 Total Revenue $ 3,782,458.00 Disbursements Interest $ 1,233,557.00 Principal Pre-pay $ 800,000.00 Principal $ 1,365,000.00 Services, Accounting, Auditing $ 73,205.00 Misc. $ 2,000.00 Transfer to General Fund** $ 308,696.00 Total Disbursements $ 3,782,458.00 ** Transfer as a result of the interest savings from the 2002A and 2003A bond refunding. 25 www.DistrictGov.org ~ Customer Service 753-4508
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