MONTEREY CONGRESS COMMUNITY DEVELOPMENT DISTRICT

PALM BEACH COUNTY REGULAR BOARD MEETING MARCH 3, 2026
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
March 3, 2026
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
October 7, 2025 Regular Board Meeting Minutes…	Page 2
Old Business
New Business
Consider Resolution No. 2026-01 – Adopting a Fiscal Year 2026/2027 Proposed Budget…	Page 5
Consider Approval of Attorneys Fee Adjustment – Billing Cochran	Page 12
Administrative Matters
Board Members Comments
Adjourn

AFFIDAVIT OF PUBLICATION

LOCALiQ
The Gainesville Sun I The Ledger Daily Commercial I Ocala StarBanner News Chief I Herald-Tribune
News Herald I The  Palm Beach Post
Northwest Florida Daily News

PO Box 631244 Cincinnati, OH 45263-1244

MONTEREY/CONGRESS COMMUNITY DEVELOPMENT DISTRICT

Monterey Congress Cdd Monterey Congress Cdd 2501 BURNS RD STEA

FISCAL YEAR 2025/2026 REGULAR MEETING SCHEDULE
NOTICE IS HEREBY GIVEN that the
Board of Supervisors of the Monterey/Congress Community Development District will hold meetings at 100 Lake Monterey Circle, Boynton Beach, Florida 33426 at 6:00 p.m. on the following dates:

PALM BEACH GARDENS FL 334105207

STATE OF WISCONSIN, COUNTY OF BROWN

Before the undersigned authority personally appeared, who on oath says that he or she is the Legal Coordinator of the Palm Beach Post, published in Palm Beach County, Florida; that the attached copy of advertisement, being a Public Notices, was published on the publicly accessible website of Palm Beach County, Florida, or in a newspaper by print in the issues of, on:

WPB Palm Beach Post	09/23/2025 WPB palmbeachpost.com 09/23/2025

Affiant further says that the website or newspaper complies with all legal requirements for publication in chapter 50, Florida Statutes.
Subscribed and sworn to before me, by the legal clerk, who is personally known to me, on 09/23/2025

Legal�C�lerk	

_

Notary, Stat�ty�

October 7, 202S
November 4, 2025
December 2, 2025
January &, 2026
February 3, 2026
March 3, 2026
Aprll 7, 2026
May S, 2026
June 2, 2026
July 7, 2026
August 4, 2026
September 1, 2026
The purpose of the meetings i� to conduct any and all business coming before the Board. Meetings are open to the public and will be conducted in accordance with the provisions of Florida law. Copies of the Agendas for any of the meet-ings may be obtained from the District's website or by contacting the District Manager at (561) 630-
4922 and/or toll free at 1-877-737-4922 prior to the date of the particular meeting.
From time to time one or more Supervisors may participate by telephone; therefore a speaker telephone will be present at the meeting location so that Supervi-sors may be fully informed of the discussions taking place. Meeting may be continued as found neces• sary 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 these meet-ings, 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 testi-mony 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 any of these meet-ings should contact the District Manager at (561) 630-4922 and/or toll-free at 1-877-737-4922 at least seven (7) days prior to the date of the particular meeting.
Meetings may be cancelled from time to time without advertised notice.
MONTEREY/CONGRESS COMMU-NITY DEVELOPMENT DISTRICT

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www.montereycongresscdd.org Sept 23. 2025 #11671210

My commission expires

Publication Cost:	$236.84	
Tax Amount:	$0.00	
Payment Cost:	$236.84	
Order No:	11671210	
Customer No:	730497	
PO#:		
THIS IS NOT AN INVOICE!

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Please do 1101 use thisformfor payme11/ remilla11ce.

# of Copies: 1

Page 1 of 1

MONTEREY/CONGRESS COMMUNITY DEVELOPMENT DISTRICT REGULAR BOARD MEETING
OCTOBER 7, 2025

CALL TO ORDER
District Manager Jason Pierman called the October 7, 2025, Regular Board Meeting of the Monterey/Congress Community Development District (“District”) to order at 6:10 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 23, 2025, as part of the District’s Fiscal Year 2025/2026 Regular Meeting Schedule, as legally required.
ESTABLISH A QUORUM
Mr. Pierman determined that the attendance of Chairperson Libia Cristancho, Vice Chairman Willie Ford and Supervisors Erick Betances (via phone) and Lissette Montavo 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
June 3, 2025, Public Hearing & Regular Board Meeting

Mr. Pierman presented the minutes of the June 3, 2025, Public Hearing & Regular Board Meeting and asked if there were any changes.

There being no changes, a motion was made by Mr. Ford, seconded by Ms. Cristancho and passed unanimously approving the minutes of the June 3, 2025, Public Hearing & Regular Board Meeting, as presented.

OLD BUSINESS

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

NEW BUSINESS
Consider Resolution No. 2025-05 – Adopting a Fiscal Year 2024/2025 Amended Budget

Resolution No. 2025-05 was presented, entitled:

RESOLUTION NO. 2025-05

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE MONTEREY CONGRESS COMMUNITY DEVELOPMENT DISTRICT AUTHORIZING AND ADOPTING AN AMENDED FINAL FISCAL YEAR 2024/2025 BUDGET (“AMENDED BUDGET”), PURSUANT TO CHAPTER
189, FLORIDA STATUTES; AND PROVIDING AN EFFECTIVE DATE.
A motion was made by Ms. Montavo, seconded by Mr. Ford and passed unanimously adopting Resolution No. 2025-05, as presented.
Consider Resolution No. 2025-06 – Goals and Objectives Annual Report
Resolution No. 2025-06 was presented, entitled:
RESOLUTION NO. 2025-06
A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE MONTEREY CONGRESS COMMUNITY DEVELOPMENT DISTRICT ADOPTING AN ANNUAL REPORT OF GOALS, OBJECTIVES, AND PERFORMANCE MEASURES AND STANDARDS; PROVIDING A SEVERABILITY CLAUSE; AND PROVIDING AN EFFECTIVE DATE.

A motion was made by Mr. Ford, seconded by Ms. Cristancho and passed unanimously adopting Resolution No. 2025-06, as presented.

Discussion Regarding Final Years of Bond Payments

Discussion ensued regarding the ability to use the fund balance to pay off the bond early. Mr. Pierman explained the process, noting that the bond matures in 2036, so there is still some time until the Board could use the remaining fund balance to pay off the bond.

ADMINISTRATIVE MATTERS

Mr. Pierman advised that the next meeting would be scheduled for either March or April.

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. Cristancho, seconded by Mr. Ford and unanimously passed adjourning the Regular Board Meeting at 6:24 p.m.

	
Secretary/Assistant Secretary	Chair/Vice-Chair

RESOLUTION NO. 2026-01

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE MONTEREY CONGRESS COMMUNITY DEVELOPMENT DISTRICT APPROVING A PROPOSED BUDGET FOR FISCAL YEAR 2026/2027; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the Board of Supervisors (“Board”) of the Monterey Congress Community Development District (“District”) is required by Chapter 190.008, Florida Statutes, to approve a Proposed Budget for each fiscal year; and,

WHEREAS, the Proposed Budget including the Assessments for Fiscal Year 2026/2027 has been prepared and considered by the Board.

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

Section 1.  The Proposed Budget including the Assessments for Fiscal Year 2026/2027 attached hereto as Exhibit “A” is approved and adopted.

Section 2.	A Public Hearing is hereby scheduled for July 7, 2026 at 6:00 p.m. at 100 Lake Monterey Circle, Boynton Beach, Florida 33426, for the purpose of receiving public comments on the Proposed Fiscal Year 2026/2027 Budget.

PASSED, ADOPTED and EFFECTIVE this 3rd day of March, 2026.

ATTEST:	MONTEREY CONGRESS
COMMUNITY DEVELOPMENT DISTRICT

By:			By:		 Secretary/Assistant Secretary			Chairman/Vice Chairman

Monterey/Congress Community Development District

Proposed Budget For Fiscal Year 2026/2027
October 1, 2026 - September 30, 2027

CONTENTS

PROPOSED BUDGET

DETAILED PROPOSED BUDGET

DETAILED PROPOSED DEBT SERVICE FUND BUDGET

ASSESSMENT COMPARISON

PROPOSED BUDGET
MONTEREY/CONGRESS COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

REVENUES	
FISCAL YEAR 2026/2027
BUDGET	
O & M Assessments	75,326	
Debt Assessments	217,294	
Other Revenues	0	
Interest Income	1,080	
		
TOTAL REVENUES	$	293,700	
		
EXPENDITURES		
Supervisor Fees	6,000	
Payroll Taxes (Employer)	480	
Engineering/Inspections	2,500	
Management	24,456	
Secretarial	3,000	
Legal	7,000	
Assessment Roll	3,000	
Audit Fees	3,500	
Insurance	7,900	
Legal Advertisements	1,200	
Miscellaneous	650	
Postage	175	
Office Supplies	325	
Dues & Subscriptions	175	
Trustee Fee	4,400	
Website Management	2,000	
Reserve	5,125	
		
TOTAL EXPENDITURES	$	71,886	
		
REVENUES LESS EXPENDITURES	$	221,814	
		
Bond Payments	(204,256)	
		
BALANCE	$	17,558	
		
County Appraiser & Tax Collector Fee	(5,853)	
Discounts For Early Payments	(11,705)	
		
EXCESS/ (SHORTFALL)	$	-	
		
Carryover From Prior Year	0	
		
NET EXCESS/ (SHORTFALL)	$	-	

DETAILED PROPOSED BUDGET
MONTEREY/CONGRESS COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

REVENUES	

FISCAL YEAR 2024/2025
ACTUAL	

FISCAL YEAR 2025/2026
BUDGET	

FISCAL YEAR 2026/2027
BUDGET	

COMMENTS	
O & M Assessments	75,571	75,326	75,326	Expenditures Less Interest & Carryover/.94	
Debt Assessments	217,361	217,294	217,294	Bond Payments/.94	
Other Revenues	0	0	0		
Interest Income	8,307	960	1,080	Interest Projected At $90 Per Month	
					
TOTAL REVENUES	$	301,239	$	293,580	$	293,700		
					
EXPENDITURES					
Supervisor Fees	2,200	6,000	6,000	Supervisor Fees	
Payroll Taxes (Employer)	168	480	480	Projected At 8% Of Supervisor Fees	
Engineering/Inspections	0	2,500	2,500	No Change From 2025/2026 Budget	
Management	23,160	23,820	24,456	CPI Adjustment	
Secretarial	3,000	3,000	3,000	No Change From 2025/2026 Budget	
Legal	7,068	7,000	7,000	No Change From 2025/2026 Budget	
Assessment Roll	3,000	3,000	3,000	No Change From 2025/2026 Budget	
Audit Fees	3,300	3,400	3,500	Accepted Amount For 2025/2026 Audit	
Insurance	6,858	7,400	7,900	Fiscal Year 2025/2026 Expenditure Was $7,269	
Legal Advertisements	628	1,200	1,200	No Change From 2025/2026 Budget	
Miscellaneous	386	700	650	$50 Decrease From 2025/2026 Budget	
Postage	30	200	175	$25 Decrease From 2025/2026 Budget	
Office Supplies	255	325	325	No Change From 2025/2026 Budget	
Dues & Subscriptions	175	175	175	No Change From 2025/2026 Budget	
Trustee Fee	4,246	4,400	4,400	No Change From 2025/2026 Budget	
Website Management	2,000	2,000	2,000	No Change From 2025/2026 Budget	
Reserve	12,475	6,166	5,125	Reserve	
					
TOTAL EXPENDITURES	$	68,949	$	71,766	$	71,886		
					
REVENUES LESS EXPENDITURES	$	232,290	$	221,814	$	221,814		
					
Bond Payments	(207,081)	(204,256)	(204,256)	2027 Principal & Interest Payments	
					
BALANCE	$	25,209	$	17,558	$	17,558		
					
County Appraiser & Tax Collector Fee	(1,567)	(5,853)	(5,853)	Two Percent Of Total Assessment Roll	
Discounts For Early Payments	(11,039)	(11,705)	(11,705)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	$	12,603	$	-	$	-		
					
Carryover From Prior Year	0	0	0	Carryover From Prior Years	
					
NET EXCESS/ (SHORTFALL)	$	12,603	$	-	$	-		

DETAILED PROPOSED DEBT SERVICE BUDGET
MONTEREY/CONGRESS COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

REVENUES	FISCAL YEAR 2024/2025 ACTUAL	FISCAL YEAR 2025/2026 BUDGET	FISCAL YEAR 2026/2027 BUDGET	

COMMENTS	

Interest Income	
6,148	
1,000	
1,500	
Projected Interest For 2026/2027	

NAV Tax Collection	
207,081	
204,256	
204,256	
Maximum Debt Service Collection	

Prepaid Bond Collection	
0	
0	
0		

Total Revenues	
$	213,229	
$	205,256	
$	205,756		

EXPENDITURES					

Principal Payments	
161,000	
164,000	
168,000	
Principal Payment Due In 2027	

Interest Payments	
44,681	
39,676	
36,256	
Interest Payments Due In 2027	

Extraordinary Principal Payments	
0	
1,580	
1,500	
Estimated Excess Debt Collections	

Total Expenditures	
$	205,681	
$	205,256	
$	205,756		

Excess/ (Shortfall)	
$	7,548	
$	-	
$	-		

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 1/1/26 =	May 2036

$2,008,000	May 1st & November 1st	

Monterey/Congress Community Development District Assessment Comparison

Fiscal Year	Fiscal Year	Fiscal Year	Fiscal Year	Fiscal Year	
2022/2023	2023/2024	2024/2025	2025/2026	2026/2027	
 Assessment* 	Assessment*	Assessment*	Assessment*	Projected Assessment*	

O & M	
$	251.11	

$	251.11	

$	251.11	

$	251.11	
$	
251.11	
Debt	 $	726.74	$	726.74	$	726.74	$	726.74	 $	726.74	
Total	$	977.85	$	977.85	$	977.85	$	977.85	$	977.85	

* Assessments Include the Following : 4% Discount for Early Payments
1% County Tax Collector Fee
1% County Property Appraiser Fee
 Community Information:		 Total Units	300
 Prepayments	1 Billed for Debt		299

IV

LAW OPftCE
BILLING@COCHRAN
E5TABL!St1ED I 977

KENNETH W, MORGAN, JR. MlCHAEL J, PAWELCZYK MANUEL R, COMRAS ANDREW A. RIEF
JEFFERY R. LAWLEY GINGER E. WALD SCOTT C, COCHRAN
ALI NE 0, MARCANTONIO JOHN C. WEBBER

STEVEN F, BILLING (1947-1998)

BILLING COCl'lRAN, P.A. LAS OLAS SQUARE, SUITE 600
515 EAST LAS CLAS BOULEVARD FORT LAUDERDALE, FLORIDA 33301,
(954) 764·7 I.SO
(954) 764·7279 FAX

PGA NATIONAL OFFICE CENTER
300 AVENUE OF THE CHAMPIONS, SlJITE 270 PALM BEACH GARDENS, FLDRLOA JJ4l8
(561) 659-5970
(561) 659·6!.73 FAX

CHR!STINE A. BROWN GABRIELLA A. FERNANDEZ PEREZ
MARLENE E. GONZALEZ LORI B, LEWELLEN LIZA E. SMOKER LUCAS A. WILLIAMS

OF COUNSEL: CLARK). COCHRAN, JR.
SUSAN F. DELEGAL DENNISE. LYLES BRUCE M, RAMSEY

HAYWARD D, GAV (1943·2007)			RICHARDT.  WOULFE

WWW, B 1L Ll NG COCHRAN. COM
PLEASE REPLY TO: FORT LAUDERDALE

February 2, 2026

VIA E-MAIL ONLY- jpiem1an@sdsinc.org

Mr. Jason Pierman District Manager Special District Services The Oaks Center
2501A Burns Rd
Palm Beach Gardens, FL 33410

Re:		Adjustment to District Counsel Fee Structure Monterey Congress Community Development District Our File: 623.04375
Dear Jason:
This firm s current fee structure has been in place since 2023. Although we are certainly mindful of the necessity to keep increases in the District s expenses including the cost of legal services, to a m1rumum it has become necessary for us to adjust our how-ly rates effective October 1, 2026, as follows:

Attorneys/Partners: Attorneys/Associates:

$300.00 per hour
$250.00 per hour

This hourly fee structure will be adjusted on a periodic basis in connection with the District's budget process no later than every third Fiscal Year to reflect changes in the Consumer Price Index published by the U.S. Department of Labor.

Mr. Jason Pierrnan February 2, 2026
Page 2

Naturally, should you feel you have any questions or require any further information in support of this adjustment you should feel free to contact me at your convenience. As I think you are aware, we very much appreciate the opportunity to serve as District Counsel as well as your courtesy and cooperation with regard to the necessity of what we believe to be both infrequent and reasonable adjustments to our schedule of professional fees.

MJP/jrnp
cc: Brielle Barba SOS (via email only)