CYPRESS LAKES COMMUNITY DEVELOPMENT DISTRICT

PALM BEACH COUNTY REGULAR BOARD MEETING APRIL 21, 2022
6:00 P.M.

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

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

AGENDA CYPRESS LAKES
COMMUNITY DEVELOPMENT DISTRICT
Meeting Room at The Wellington Branch Library 1951 Royal Fern Drive
Wellington, Florida 33414
REGULAR BOARD MEETING
April 21, 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
October 21, 2021 Regular Board Meeting Minutes…	Page 2
Old Business
New Business
Consider Resolution No. 2022-01 – Adopting a Fiscal Year 2022/2023 Proposed Budget…	Page 5
Administrative Matters
Board Members Comments
Adjourn

The Pahn Beach Pos

w	I LOCALiQ

PROOF OF
PUBLICATION
STATE OF FLORIDA

PUBLIC NOTICE
Before the undersigned authority, personally appeared Teal Pontarelli, who on oath, says that
)1e/she is a Legal Advertising Representative of The Palm Beach Post, a daily and Sunday newspaper, published in West Palm Beach and distributed in Palm Beach County, Martin County, and St. Lucie County, Florida; that the attached copy of advertising for a Legal - PublicNotice
was published in said newspaper in issues dated: first date of Publication 10/07/2021 and last date of Publication 10/07/2021. Affiant further says that the said The Palm Beach Post is a newspaper published in West Palm Beach, in said Palm Beach County, Florida and that the said newspaper has heretofore been continuously published in said Palm Beach County, Florida, daily and Sunday and has been entered as second class mail matter at the post office in West Palm Beach, in said Palm Beach County, Florida, for a period of one year next preceding the first publication of the attached copy of advertisement; and affiant further says that he/she has neither paid nor promised any person, firm or corporation any discount, rebate, commission or refund for the purpose of securing this advertisement for publication in said newspaper.
CYPRESS LAKES COD 2501 BURNS RD STEA
PALM BEACH GARDENS, FL 33410-5207

Invoice/Order Number:	0000663140	
Ad Cost	$268.32	
Paid:	$0.00	
Balance Due:	$268.32	

Signed
(Legal Adverlising Agent)

Sworn or affi(med to, and subscribed before me, this 20th day of October, 2021 in Testimony whereof, I have hereunto set my hand and affixed my official seal, the day and year aforesaid.

Signed

Please see Ad on following page(s).

CYPRESS LAKES COD 2501 BURNS RD STEA
PALM BEACH GARDENS, FL33410-5207

Invoice/Order Number:
Ad Cost:
Paid: Balance Due:

0000663140
$268.32
$0.00
$268.32

CYPRESS LAKES COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2021/2022 REGULAR MEETING SCHEDULE
NOTICE  IS HEREBY GIVEN that the
Board of Supervisors of the Cypress Lakes Community Development District will hold Regular Meetings at the Well­ ington Branch Library located at 19S1 Royal Fern Drive, Wellington, Florida 33414 at 6:00 p.m. on the following dates:
October 21, 2021
November 18, 2021
December 16., 2021
January 20, 2022
February 17, 2022
March 17, 2022
April2 1, 2022
May 19, 2022
June 16, 2022
July 21, 2022
August 18, 2022
September 1S, 2022

The purpose of the meetings is to con­ duct any and all business coming be­ fore the Board. Meetings are open to the public and will be conducted in ac­ cordance with the provisions of Florida law. Copies of the Agenda for any of the meetings 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 five
(5) days prior to the date of the partic­
ular meeting.

From time to time one or more Super­ visors 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 Meetings may be continued as found necessary to a time and place specified on the re­ cord.

If any person decides to appeal any de­ cision made with respect to any matter considered at these meetings. such per­ son will need a record of the proceed­ ings and such person may need to in­ sure that a verbatim record of the pro­ ceedings is made at his or her own ex­ pense 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 accommoda­ tions or an interpreter to participate at any of these meetings 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.

CYPRESS LAKES COMMUNITY DEVELOPMENT DISTRICT'
wvvw.cypresslakescdd.org 10-7/2021
v000663140-01

CYPRESS LAKES COMMUNITY DEVELOPMENT DISTRICT REGULAR BOARD MEETING
OCTOBER 21, 2021

CALL TO ORDER

District Manager Jason Pierman called the October 21, 2021, Regular Board Meeting of the Cypress Lakes Community Development District (the “District”) to order at 6:05 p.m. at the Wellington Branch Library located at 1951 Royal Fern Drive, Wellington, Florida 33414.

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 October 7, 2021, as legally required.

ESTABLISH A QUORUM

Mr. Pierman determined that the attendance of Chairman Michael DeBock, Vice Chairman Jonathan Strackman and Supervisor Sam Young 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 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 17, 2021, Public Hearing & Regular Board Meeting

Mr. Pierman presented the minutes of the June 17, 2021, Public Hearing & Regular Board Meeting and asked if there were any changes or additions.

There being none, a motion was then made by Mr. Young, seconded by Mr. DeBock and unanimously passed approving the minutes of the June 17, 2021, 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. 2021-05 – Adopting a Fiscal Year 2020/2021 Amended Budget

Resolution No. 2021-05, entitled:

RESOLUTION NO. 2021-05

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE CYPRESS LAKES COMMUNITY DEVELOPMENT DISTRICT AUTHORIZING AND ADOPTING AN AMENDED FINAL FISCAL YEAR 2020/2021 BUDGET (“AMENDED BUDGET”), PURSUANT TO CHAPTER 189, FLORIDA STATUTES; AND PROVIDING AN EFFECTIVE DATE.

A motion was made by Mr. Strackman seconded by Mr. Young and passed unanimously adopting Resolution No. 2021-05, as presented.

ADMINISTRATIVE MATTERS

There were no Administrative Matters to come before the Board.

BOARD MEMBER COMMENTS

Mr. Pierman noted that the next meeting would likely be in March.

ADJOURNMENT

There being no further business to come before the Board, a motion was made by Mr. Young, seconded by Mr. Strackman and unanimously passed to adjourn the meeting at 6:07 p.m.

Secretary/Assistant Secretary	Chair/Vice-Chair

RESOLUTION NO. 2022-01

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE CYPRESS LAKES COMMUNITY DEVELOPMENT DISTRICT APPROVING A PROPOSED BUDGET FOR FISCAL YEAR 2022/2023; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the Board of Supervisors (“Board”) of the Cypress Lakes 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 2022/2023 has been prepared and considered by the Board.

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

Section 1.  The Proposed Budget including the Assessments for Fiscal Year 2022/2023 attached hereto as Exhibit “A” is approved and adopted.

Section 2.  A Public Hearing is hereby scheduled for 	, 2022 at 6:00 p.m. in the Meeting Room at the Wellington Branch Library, 1951 Royal Fern Drive, Wellington, Florida 33414, for the purpose of receiving public comments on the Proposed Fiscal Year 2022/2023 Budget.

PASSED, ADOPTED and EFFECTIVE this 21st day of April, 2022.

ATTEST:	CYPRESS LAKES
COMMUNITY DEVELOPMENT DISTRICT

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

Cypress Lakes Community Development District

Proposed Budget For Fiscal Year 2022/2023
October 1, 2022 - September 30, 2023

CONTENTS

PROPOSED BUDGET

DETAILED PROPOSED BUDGET

DETAILED PROPOSED DEBT SERVICE FUND BUDGET IV	ASSESSMENT COMPARISON

PROPOSED BUDGET
CYPRESS LAKES COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2022/2023
OCTOBER 1, 2022 - SEPTEMBER 30, 2023

REVENUES	
FISCAL YEAR 2022/2023
BUDGET	
O & M A e  e 	74 37 	
 e  A  e  e 	 23 00	
O her Reve ue 	0	
  ere   o e	 20	
		
TOTAL REVENUES	$	197,991	
		
EXPENDITURES		
Superv or Fee 	4 000	
  ro  T e   p o er 	320	
   eer 	  00	
M   e e 	2  40	
Se re r 	4 200	
 e 	7 000	
A  e  e  Ro 	 000	
Au  Fee 	3 700	
  ur  e	  00	
 e  A ver  e e 	 400	
M  e  eou 	 00	
 o  e	  0	
Off e Supp e 	3 0	
 ue & Su  r p o 	 7 	
Tru ee Fee	4 00	
Co  u    o ure Fee	 000	
We  e M  e e 	2 000	
Re erve	4 4	
		
TOTAL EXPENDITURES	$	70,029	
		
REVENUES LESS EXPENDITURES	$	127,962	
		
 o    e 	   0 0 	
		
BALANCE	$	11,872	
		
Cou  Appr  er & T  Co e or Fee	 3  7 	
  ou  For  r    e 	 7 	
		
EXCESS/ (SHORTFALL)	$	(0)	
		
C rr over Fro  r or Ye r	0	
		
NET EXCESS/ (SHORTFALL)	$	(0)	

DETAILED PROPOSED BUDGET
CYPRESS LAKES COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2022/2023
OCTOBER 1, 2022 - SEPTEMBER 30, 2023

REVENUES	
FISCAL YEAR 2020/2021 ACTUAL	
FISCAL YEAR 2021/2022 BUDGET	
FISCAL YEAR 2022/2023 BUDGET	

COMMENTS	
O & M A e  e 	70 	  28 	74 37 	 pe  ure  e   ere  & C rr over/. 4	
 e  A e  e 	 27 38 	 28  0	 23 00	 o    e  /. 4	
O her Reve ue 	0	0	0		
  ere   o e	2 	 20	 20	  ere  ro e e A	0.00 er Mo h	
					
TOTAL REVENUES	$	198,255	$	197,991	$	197,991		
					
EXPENDITURES					
Superv or Fee 	2 200	4 000	4 000	No Ch  e Fro 202 /2022 u e 	
  ro  T e  p o er 	 8	320	320	 ro e e A 8 Of Superv or Fee 	
   eer 	2 00	  00	  00	No Ch  e Fro 202 /2022 u e 	
M  e e 	2 800	2  0	2  40	C  A u  e  C ppe A 3 	
Se re r 	4 200	4 200	4 200	No Ch  e Fro 202 /2022 u e 	
 e 	  2	7 000	7 000	No Ch  e Fro 202 /2022 u e 	
A e  e  Ro 	 000	 000	 000	A  er Co r 	
Au  Fee 	3 00	3 00	3 700	A ep e A ou For 202 /2022 Au 	
  ur  e	  3	  00	  00	  ur  e    e	
 e  A ver  e e 	  70	 400	 400	No Ch  e Fro 202 /2022 u e 	
M  e  eou 	442	 00	 00	No Ch  e Fro 202 /2022 u e 	
 o  e	40	 7 	 0	 2  e re e Fro 202 /2022 u e 	
Off e Supp e 	 8	3 0	3 0	No Ch  e Fro 202 /2022 u e 	
 ue & Su  r p o 	 7 	 7 	 7 	No Ch  e Fro 202 /2022 u e 	
Tru ee Fee	4 08 	4 00	4 00	No Ch  e Fro 202 /2022 u e 	
Co  u    o ure Fee	 000	 000	 000	No Ch e Fro 202 /2022 u e 	
We  e M  e e 	2 000	2 000	2 000	No Ch  e Fro 202 /2022 u e 	
Re erve	0	 4 	4 4	Re erve	
					
TOTAL EXPENDITURES	$	65,917	$	69,229	$	70,029		
					
REVENUES LESS EXPENDITURES	$	132,338	$	128,762	$	127,962		
					
 o    e 	 2 3 	 20 87 	   0 0 	2023  &   e   e   r e  ere 	
					
BALANCE	$	10,982	$	7,887	$	11,872		
					
Cou  Appr  er & T  Co e or Fee	  4 	 3  7 	 3  7 	Two er e  Of To  A e  e  Ro 	
  ou  For  r    e 	 7 02 	 7 	 7 	Four er e  Of To  A e  e  Ro 	
					
EXCESS/ (SHORTFALL)	$	2,025	$	(3,985)	$	(0)		
					
C rr over Fro  r or Ye r	0	3 8 	0	C rr over    e Fro  r or Ye r 	
					
NET EXCESS/ (SHORTFALL)	$	2,025	$	0	$	(0)		

DETAILED PROPOSED DEBT SERVICE BUDGET
CYPRESS LAKES COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2022/2023
OCTOBER 1, 2022 - SEPTEMBER 30, 2023

REVENUES	FISCAL YEAR 2020/2021 ACTUAL	FISCAL YEAR 2021/2022 BUDGET	FISCAL YEAR 2022/2023 BUDGET	

COMMENTS	

  ere   o e	
 0	
2 	
 0	
 ro e e  ere  For 2022/2023	

NAV T  Co e o 	
 2 3 	
 20 87 	
  0 0	
2023  &    e   e   r e  ere 	

Total Revenues	
$	121,366	
$	120,900	
$	116,100		

EXPENDITURES					

 r  p    e 	
  000	
 0 000	
 0 000	
 r  p    e  ue  2023	

  ere    e 	
  300	
 0 00	
  00	
  ere    e   ue  2023	

  r or  r  r  p    e 	
 0 000	
0	
0		

Total Expenditures	
$	131,300	
$	120,900	
$	116,100		

Excess/ (Shortfall)	
$	(9,934)	
$	-	
$	-		

Series 2004 Bond Information
Or    r A ou  =	  74 000	A u  r  p    e   ue =	M 	
  ere  R e =	 .00 	A u   ere    e   ue =	M   & Nove er 	
  ue  e =	Au u  2004			
M ur    e =

  r A ou  A Of / /22 =	M  2034

  02 000			

Cypress Lakes Community Development District Assessment Comparison

F   Ye r	F   Ye r	F   Ye r	Fiscal Year	
20 /2020	2020/202 	202 /2022	2022/2023	
	A  e  e  *		  A  e  e  * 		A  e  e  *		 Projected Assessment*	

O & M

  7. 

  . 7

 47.4 

  .0 

 e 

	 23 .3 

	  8 . 0

	 20 .78

	  4.2 

To 

$	1,849.27

$	1,849.27	$

1,849.27	$

1,849.27

* A e  e   u e he Fo ow	 4   ou  for  r    e 
   Cou  T  Co e or Fee
   Cou   roper  Appr  er Fee

Co u   for  o		 To  U	 07

3/ 0/2022  08 AM	 V