MONTEREY CONGRESS COMMUNITY DEVELOPMENT DISTRICT

PALM BEACH COUNTY REGULAR BOARD MEETING OCTOBER 4, 2022
6:00 P.M.

Special District Services, Inc.
The Oaks Center 2501A Burns Road
Palm Beach Gardens, FL 33410

www.montereycongresscdd.org 561.630.4922 Telephone 877.SDS.4922 Toll Free 561.630.4923 Facsimile

AGENDA MONTEREY CONGRESS
COMMUNITY DEVELOPMENT DISTRICT
100 Lake Monterey Circle Boynton Beach, Florida 33426 REGULAR BOARD MEETING
October 4, 2022
6:00 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
June 7, 2022 Regular Board Meeting & Public Hearing Minutes…	Page 2
Old Business
New Business
Consider Resolution No. 2022-04 – Adopting a Fiscal Year 2022/2023 Amended Budget…	Page 5
Consider Approval of Auditor Renewal…	Page 10
Administrative Matters
Board Members Comments
Adjourn

#$%&'()*'+,%-+.$&'%/0123456738956/:2; <6:=5/>4?>8@6A?6;16BCDECFCC

G/PNaT]H:U@HU2I;NTKJVLbIKT9<L`QHW6\YRMX:VWQ=WbS5Y]9KXZNYNC>U^F0VWC8_C[?OZWXCE`WFU@C/@DTWV9^]@9X]N9

bTnb@9056A0:82A6OfBO63?=02Ah6C5kj4h0;E?EBoC1CAhCEFE6>FCB4CFDF6DpDCCED>DCdF?C5D6;66?38f434?>=>870=?:8O:87:21043864=>;38f16d>B6?56<>:B7m

X^naUV5:6>W6U>=81[2?=e709>B6\60]:1;N;`B:6OWbB1BODX6]6j@oE?BET3CEc8kChCFfEWFEFCWXC:CDF9FCW?DC]C<VhCYF[F[@]`_N:WciV6W^T?5\>:`?8W?65B66O<>N:3B=726>Ed<@>0OA86?>Be834<>6B4:=>5dE?a526>BT37>:8D?D6jB6COkZN:>?8kflFBF64A4m;N>m>;8;?50683d?>O2^2>6ge3682f>A7;:?684?l^34?B3=?g32

Tg;h3]8sg?:Uu:676go=VB?6Ao=m3;98>sB:W6ofB>?X7?D4685Wo:B;?3Y8s46?jZ=:B>Nt6OBCUOAg15C=:V>636B?:[?8B5=?3=fX>:2?36B8W5Ag6:@=6:846@?4?A626=2NB46w7:>6U7A7?e6Tm:36d>48B83>TB4>Of;6q8\o>4:rVd?8>37?;]795d:6YO6?g54?^56>A3W=b;B?_53>;6WB`66?U?B=>3g8>/=?f:BT35?78456W4>34V875g0=9:>?32?0:^56727]>^6@e4d=9634>X?B?:5?58]13N646?36:92A?3=7?6:3?648B?45>3;=b6?03=>=^2?6:8E3Bm4O:?;8B:3O86=?67A?T6368Be:4f38>7m:86f8B6=B6x:0>?38Bq3p8gkf5h43r=Ak56D=?F53:s6j2t:=CA=CA>6:;:82;734Z>17B:?4?>63>272s8md4B6>6B:?8

a]Tbk?:gd5B4Df3>:62Fd2686;>s;8O?j03678?t68A63:6fC;7674?C4B368d48:>:>6f?B8B>8=672:6=>7?>Z84>3=>;64AOB:B=67?6>B3?837O>d>6?8?2?d82>4>5?6d465?B?:>65>6;6?6?B:3A5;6A:;AB:6?A>06?>h6=31@8B:6:s6208fu362=A7o@47:6:0o83;A8BsAOe2fo7:637D4O=Bg>6oe6:1=3Bs3842463j2>47At;13>B>6C461=:80C;?3O=d:;A>35:6138B8:O763A6>7A67>dB060:B8=?4d2Bg>2?B>?O?6>358=?7;35638A;63d8B:?>6:57?B:4=O6;:A=>?81=^6B66>7O=73>46Bm??7>d6?B:>3d?2=?658>?:A65=4856AO>8gg7:84;6B3064?1:35B=v=46?0?03?5?46?5264:56B63B:>=6A?;B8>dB:>418>6BO4e?6e63:6?37=4i3:B8>6313>8fB84:68Afm?74:63;A=:>:?2i:d3?B86=a6?fB652=>m?6>?6BT54B3276766:A;6>^52?d3:63>48?g6?58fB?m63=8N;?Agf>:TB43A>2OE23:=46186046:6=>f75A=d63>B8A?6B85f64:?64B3?8483>q04?p86:k7?hr

@6A?CDECF CyouFDjFC

Page 1

MONTEREY/CONGRESS COMMUNITY DEVELOPMENT DISTRICT PUBLIC HEARING & REGULAR BOARD MEETING
JUNE 7, 2022

CALL TO ORDER

District Manager Jason Pierman called the June 7, 2022, Regular Board Meeting of the Monterey/Congress Community Development District (“District”) to order at 6:01 p.m. at 100 Lake Monterey Circle, Boynton Beach, Florida 33426.

PROOF OF PUBLICATION

Mr. Pierman presented proof of publication that notice of the Regular Board Meeting had been published in The Palm Beach Post on September 24, 2021, as part of the District’s Fiscal Year 2021/2022 Regular Meeting Schedule, as legally required.

ESTABLISH A QUORUM

Mr. Pierman determined that the attendance of Chairperson Betty Clark, Vice Chairman Willie Ford and Supervisors Diana Puentes and Lissette Montavo (via phone) constituted a quorum and it was in order to proceed with the meeting.

Staff in attendance were District Manager Jason Pierman of Special District Services, Inc.; and General Counsel Scott Cochran 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
April 5, 2022, Regular Board Meeting

Mr. Pierman presented the minutes April 5, 2022, Regular Board Meeting and asked if there were any changes.

There being none, a motion was made by Mr. Ford, seconded by Ms. Puentes and passed unanimously approving the minutes of the April 5, 2022, Regular Board Meeting, as presented.

The Regular Board Meeting was then recessed, and the Public Hearing was opened.

PUBLIC HEARING
Proof of Publication

Mr. Pierman presented proof of publication that notice of the Regular Board Meeting had been published in The Palm Beach Post on May 18, 2022, and May 25, 2022, as legally required.

Receive Public Comment on Fiscal Year 2022/2023 Final Budget

Mr. Pierman noted that no members of the public were in attendance.

Consider Resolution No. 2022-02 – Adopting a Fiscal Year 2022/2023 Final Budget

Resolution No. 2022-02 was presented, entitled:

RESOLUTION NO. 2022-02

A	RESOLUTION	OF	THE	MONTEREY	CONGRESS	COMMUNITY DEVELOPMENT DISTRICT ADOPTING A FISCAL YEAR 2022/2023

A motion was made by Ms. Puentes, seconded by Mr. Ford and passed unanimously adopting Resolution No. 2022-02, as presented.

The Public Hearing was then closed, and the Regular Board Meeting was reconvened.

OLD BUSINESS

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

NEW BUSINESS
Consider Resolution No. 2022-03 – Adopting a Fiscal Year 2022/2023 Meeting Schedule

Resolution No. 2022-03 was presented, entitled:

RESOLUTION NO. 2022-03

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE MONTEREY CONGRESS COMMUNITY DEVELOPMENT DISTRICT, ESTABLISHING A REGULAR MEETING SCHEDULE FOR FISCAL YEAR 2022/2023 AND SETTING THE TIME AND LOCATION OF SAID DISTRICT MEETINGS; AND PROVIDING AN EFFECTIVE DATE.

A motion was made by Ms. Puentes, seconded by Mr. Ford and passed unanimously adopting Resolution No. 2022-03, as presented.

Consider Holiday Lighting Reimbursement to POA

Mr. Pierman presented a request from the Association for the District to reimburse them for holiday lighting done in December 2021. Mr. Cochran explained that the full amount could not be reimbursed without further action, due to the fact that the lights were purchased by the Association. He noted that the District could fund the installation of the lights. Following discussion, the Board consensus was to not fund the past lighting, but to instead fund the labor for future holiday lighting.

A motion was made by Ms. Puentes, seconded by Mr. Ford and unanimously passed to fund the labor to install the 2022 holiday lighting, and for Mr. Pierman to inform the Association so that they can budget accordingly.

ADMINISTRATIVE MATTERS

Mr. Pierman announced that the qualifying period runs from June 13th to the 17th, noting that Seats 3, 4 and 5 (Mr. Ford, Ms. Montavo and Ms. Cristancho, respectively) were up for election this year. He also reminded the Board to submit their Form 1’s.

BOARD MEMBER COMMENTS

There were no further comments from the Board Members.

ADJOURNMENT

There being no further business to come before the Board, a motion was made by Ms. Clark, seconded by Mr. Ford, and unanimously passed adjourning the Regular Board Meeting at 6:16 p.m.

Secretary/Assistant Secretary	Chair/Vice-Chair

RESOLUTION NO. 2022-04

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

WHEREAS, the Board of Supervisors of the Monterey Congress Community Development District (“District”) is empowered to provide a funding source and to impose special assessments upon the properties within the District; and,

WHEREAS, the District has prepared for consideration and approval an Amended Budget.

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

Section 1.  The Amended Budget for Fiscal Year 2021/2022 attached hereto as Exhibit “A” is hereby approved and adopted.

Section 2.  The Secretary/Assistant Secretary of the District is authorized to execute any and all necessary transmittals, certifications or other acknowledgements or writings, as necessary, to comply with the intent of this Resolution.

PASSED, ADOPTED and EFFECTIVE this 4th day of October, 2022.

ATTEST:	MONTEREY CONGRESS
COMMUNITY DEVELOPMENT DISTRICT

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

Monterey/Congress Community Development District

Amended Final Budget For Fiscal Year 2021/2022
October 1, 2021 - September 30, 2022

CONTENTS

AMENDED FINAL OPERATING FUND BUDGET

AMENDED FINAL DEBT SERVICE FUND BUDGET

AMENDED FINAL BUDGET
MONTEREY/CONGRESS COMMUNITY DEVELOPMENT DISTRICT OPERATING FUND
FISCAL YEAR 2021/2022 OCTOBER 1, 2021 - SEPTEMBER 30, 2022

REVENUES	FISCAL YEAR 2021/2022 BUDGET
10/1/21 - 9/30/22	AMENDED FINAL BUDGET
10/1/21 - 9/30/22	YEAR TO DATE ACTUAL
10/1/21 - 8/31/22	
O & M Assessments	75,325	75,378	75,378	
Debt Assessments	283,481	283,570	283,570	
Other Revenues	0	0	0	
Interest Income	180	20	18	
TOTAL REVENUES	$	358,986	$	358,968	$	358,966	
				
EXPENDITURES				
Supervisor Fees	6,000	2,600	2,600	
Payroll Taxes (Employer)	480	199	199	
Engineering/Inspections	2,000	5,000	3,000	
Management	21,204	21,204	19,437	
Secretarial	3,000	3,000	2,750	
Legal	7,000	7,000	5,128	
Assessment Roll	3,000	3,000	0	
Audit Fees	3,300	3,300	3,300	
Insurance	6,000	5,706	5,706	
Legal Advertisements	1,250	1,000	603	
Miscellaneous	650	650	428	
Postage	200	175	151	
Office Supplies	375	275	242	
Dues & Subscriptions	175	175	175	
Trustee Fee	4,100	4,100	0	
Continuing Disclosure Fee	1,000	1,000	0	
Website Management	2,000	2,000	1,833	
Reserve	9,252	9,252	0	
TOTAL EXPENDITURES	$	70,986	$	69,636	$	45,552	
				
REVENUES LESS EXPENDITURES	$	288,000	$	289,332	$	313,414	
				
Bond Payments	(266,472)	(270,230)	(270,230)	
				
BALANCE	$	21,528	$	19,102	$	43,184	
				
County Appraiser & Tax Collector Fee	(7,176)	(4,338)	(4,338)	
Discounts For Early Payments	(14,352)	(13,468)	(13,468)	
				
EXCESS/ (S+ORTFALL)	$	-	$	1,296	$	25,378	
				
Carryover From Prior Year		0	0	
				
NET EXCESS/ (S+ORTFALL)	$	-	$	1,296	$	25,378	

FUND BALANCE AS OF 9/30/21	
FY 2021/2022 ACTIVITY	
FUND BALANCE AS OF 9/30/22	

$141,214	
$1,296	
$142,510	

 

AMENDED FINAL BUDGET
MONTEREY/CONGRESS COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND
FISCAL YEAR 2021/2022 OCTOBER 1, 2021 - SEPTEMBER 30, 2022

REVENUES	FISCAL YEAR 2021/2022 BUDGET 10/1/21 - 9/30/22	AMENDED FINAL BUDGET
10/1/21 - 9/30/22	YEAR TO DATE ACTUAL
10/1/21 - 8/31/22	
Interest Income	25	6	6	
NAV Tax Collection	266,472	270,230	270,230	
Total Revenues	$	266,497	$	270,236	$	270,236	
				
EXPENDITURES				
Principal Payments	125,000	151,000	151,000	
Interest Payments	141,497	31,917	31,917	
Bond Redemption	0	0	0	
Total Expenditures	$	266,497	$	182,917	$	182,917	
				
Excess/ (Shortfall)	$	-	$	87,319	$	87,319	

FUND BALANCE AS OF 9/30/21	
FY 2021/2022 ACTIVITY	
FUND BALANCE AS OF 9/30/22	

$10,227	
$87,319	
$97,546	

Notes
Revenue Fund Balance = $97,546*.
Revenue Fund Balance to be used to make 11/1/2022 Interest Payment of $25,544. Original Budget amounts based on the amortization for the Series 2005 Bond, which was refinanced in September 2021.
* Approximate Amounts

Series 2021 Bond Refunding Information

Original Par Amount =	$2,631,000	Annual Principal Payments Due:	
Interest Rate =	2.060%	May 1st	
Issue Date =	September 2021	Annual Interest Payments Due:	
Maturity Date =

Par Amount As Of 8/31/22 =	May 2036

$2,480,000	May 1st & November 1st	

October 4, 2022

RE: Monterey/Congress Community Development District Auditor Renewal

At the October 1, 2019 Monterey/Congress Community Development District Board Of Supervisors meeting, the firm of Grau & Associates was selected to perform the 9-30- 2019, 9-30-2020 and 9-30-2021 year end audits of the District with an option to perform the 9-30-2022 and 9-30-23 audits.

The fees for the 9-30-2019 audit were $3,100. The fees for the 9-30-2020 audit were
$3,200. And the fees for the 9-30-2021 audit were $3,300. The proposed fees for the 9- 30-2022 audit is $3,400, which is the budgeted amount for audit fees for Fiscal Year 2022/2023. The proposed fee for the 9-30-2023 audit is $3,500.

Management is pleased with the professionalism and the competence of the Grau & Associates partners and staff; therefore, management recommends that the Board approve the renewal option for the Fiscal Year Ending 9-30-2022 and 9-30-2023 audits for Grau & Associates.

Special District Services, Inc.