CYPRESS LAKES COMMUNITY DEVELOPMENT DISTRICT

PALM BEACH COUNTY REGULAR BOARD MEETING APRIL 17, 2025
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 17, 2025
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
November 21, 2024 Regular Board Meeting Minutes…	Page 2
Old Business
New Business
Consider Resolution No. 2025-01 – Adopting a Fiscal Year 2025/2026 Proposed Budget…	Page 5
Consider Resolution No. 2025-02 – Registered Agent Change…	Page 12
Administrative Matters
Board Members Comments
Adjourn

LOCALiQ
The Gainesville Sun I The Ledger Dally commercial I ocala StarBanner News Chtef I Herald-Tribune
News Herald I The Palm Beach Post
Northwest Florida Daily News

PO Box 631244 Cincinnati, OH 45263-1244

AFFIDAVIT OF PUBLICATION
Cypress Lakes Cdd Cypress Lakes Cdd 250I BURNS RD STEA

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:

10/07/2024

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

0/07/2024

Legal Clerk

	l-7	

My commission expires

Publication Cost:	$230.66	
Tax Amount:	$0.00	
Payment Cost	$230.66	
Order No:	10630820	
Customer No:	730593	
PO#:		

# of Copies:
1

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

CYPRESS LAKES COMMUNITY OEVELOPMENT OISTRICT FISCAL YEAR 20W2025 REGU• LAR MEETING SCHEOULE NOTICE IS HEREBY GIVEN thot
lat Boord of Supervisors of the
Cyoress Lakes Community DevelopL ment District will hold Regulor Meetings ot the Wellington Branch L1br0ry I0<:oted ar 1951 Roval Fern Drivet WelHng,ton Florido 33414 at 6·00 o.m. on the following dates:
Oclober 17, 2024
November 21, 2024
December 19, 2024
Jonuarv 16, 2025
February 20, 2025 March20,2025 April 17, 2025
Moy 15, 2025
July 17, 2025
August 21, 2025
Seotember 18, 2025
The ouroose of the meetings is 10 conduct ony ond 011 bus ness comJnv before the Board Me,efin,;s ore oPen to the oublic ond wlll be conducted in occordonce wilt, lhe provlsfons of Florida low. Copies of the Agenda for any of the meetings mov be obtained from the District•s website or bv contoclmg the Dislricl Monoger ot (561) 630-4922 and/or tall tree of I-B77-7J7-Affl five (5) dovs prior lo the dote of the particular meeting.
From time to t"me one or more Supervisor, moy pgrtli:lpgte bY tele• Phone; therefore a speaker tele­ phone will be pre:$ent ot the mee2ing locot,on so that Supervtsors mav be lul IV inlorme<I of the discussions to ing olace. Meetings mav be i:-ontinued o.s, round necessory fo o time and place si>eeifie<I on lhe record.
1f any i:,enan decides ta appeol onv decision mode w th respect to any matter cons dered ot these meef• lngs, such person will need o record of the oroceedings ond such person mov need to ensure tt>ot o verbotim record of the or0<:eedln11s is mode at hls or her own expense and which record include$ the testimony and ev oence on which the appeal is t>o,;eci.
I accordance with the provisions of 1he Americans with Disabilities Act, onv l)erson requ·ring, soecial acc-arn.... modolIDM or an Interpreter to particioote ot onv of lhese meetings should contact the Oistrict M0no11er or (561) 630-4922 ond/or toll-free at 1· 877,737•4922 at leost seven (1) dovs prior to the date of the porticulor meeting.
Meetings mov be cancel led frorn time to time wfthout odvert.ised notice.
CYPRESS LAKES COMMUNITY OEVELOPMENT DISTRICT
W"Nw.cvoresslakescdd.org October 7, 2024 10630820

Page 1 of 1

CYPRESS LAKES COMMUNITY DEVELOPMENT DISTRICT REGULAR BOARD MEETING
NOVEMBER 21, 2024

CALL TO ORDER
District Manager Jason Pierman called the November 21, 2024, Regular Board Meeting of the Cypress Lakes Community Development District (the “District”) to order at 6:18 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, 2024, as part of the District’s Fiscal Year 2024/2025 Meeting Schedule, as legally required.
SEAT NEW BOARD MEMBERS

ADMINISTER	OATH	OF	OFFICE	AND	REVIEW	BOARD	MEMBER RESPONSIBILITIES & DUTIES

Mr. Pierman noted that he had administered the Oath of Office to Mr. Strackman prior to the start of the meeting.

ESTABLISH A QUORUM

Mr. Pierman determined that the attendance of Chairman Michael DeBock, Vice Chairman Jonathan Strackman and Supervisor Alissa Strackman 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.

ELECTION OF OFFICERS

Mr. Pierman explained that, now that a new Board had been installed, it was necessary to elect officers. Following a brief discussion, a motion was made by Mr. Strackman, seconded by Ms. Strackman and unanimously passed electing the following slate of officers:

Chair: Michael DeBock
Vice Chair: Jonathan Strackman Secretary/Treasurer: Jason Pierman Assistant Secretary: Alissa Strackman

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 20, 2024, Public Hearing & Regular Board Meeting
Mr. Pierman presented the minutes of the June 20, 2024, Public Hearing & Regular Board Meeting and asked if there were any changes or additions.

There being none, a motion was then made by Ms. Strackman, seconded by Mr. DeBock and unanimously passed approving the minutes of the June 20, 2024, 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. 2024-04 – Adopting Goals and Objectives
Resolution No. 2024-04, entitled:
RESOLUTION 2024-04

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE CYPRESS LAKES COMMUNITY DEVELOPMENT DISTRICT ADOPTING GOALS, OBJECTIVES, AND PERFORMANCE MEASURES AND STANDARDS; PROVIDING A SEVERABILITY CLAUSE; AND PROVIDING AN EFFECTIVE DATE.

A motion was made by Mr. Strackman, seconded by Mr. DeBock and passed unanimously adopting Resolution No. 2024-04, as presented.

Consider Resolution No. 2024-05 – Adopting a Fiscal Year 2023/2024 Amended Budget

Resolution No. 2024-05 was presented, entitled:

RESOLUTION NO. 2024-05

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE CYPRESS LAKES COMMUNITY DEVELOPMENT DISTRICT AUTHORIZING AND ADOPTING AN AMENDED FINAL FISCAL YEAR 2023/2024 BUDGET (“AMENDED BUDGET”), PURSUANT TO CHAPTER 189, FLORIDA STATUTES; AND PROVIDING AN EFFECTIVE DATE.

A motion was made by Ms. Strackman, seconded by Mr. DeBock and passed unanimously adopting Resolution No. 2024-05, as presented.

Legislative Update

Mr. Cochran provided an update on legislation that has been approved over the past several months.

AUDITOR SELECTION COMMITTEE
Ranking of Proposals/Consider Selection of an Auditor
Mr. Pierman explained that, at this time, it was in order for the Board to convene as the Auditor Selection Committee to review the results of the auditor selection criteria from the responding firms.

Mr. Pierman noted that Grau & Associates was the only proposal. A motion was made by Mr. Strackman, seconded by Mr. DeBock and unanimously passed recommending Grau & Associates, and to recess the Auditor Selection Committee and resume the Regular Board Meeting.

Sitting as the Board, a motion was made by Ms. Strackman, seconded by Mr. Strackman and unanimously passed accepting the recommendation of the Auditor Selection Committee and directing staff to enter into negotiations with Grau & Associates.
ADMINISTRATIVE MATTERS
Mr. Pierman reminded the Board to complete their four hours of ethics training before the end of the year. He also noted that the next meeting would be held on April 17, 2025.

BOARD MEMBER COMMENTS

There were no further comments from the Board Members.

ADJOURNMENT

There being no further business to come before the Board, the Regular Board Meeting was adjourned at 6:29 p.m. on a motion made by Mr. Strackman, seconded by Mr. DeBock and passed unanimously.

Secretary/Assistant Secretary	Chair/Vice-Chair

RESOLUTION NO. 2025-01

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE CYPRESS LAKES COMMUNITY DEVELOPMENT DISTRICT APPROVING A PROPOSED BUDGET FOR FISCAL YEAR 2025/2026; 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 2025/2026 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 2025/2026 attached hereto as Exhibit “A” is approved and adopted.

Section 2.  A Public Hearing is hereby scheduled for 	, 2025 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 2025/2026 Budget.

PASSED, ADOPTED and EFFECTIVE this 17th day of April, 2025.

ATTEST:	CYPRESS LAKES
COMMUNITY DEVELOPMENT DISTRICT

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

Cypress Lakes 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
CYPRESS LAKES COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	
FISCAL YEAR 2025/2026
BUDGET	
O & M Assessments	78,137	
Debt Assessments	119,734	
Other Revenues	0	
Interest Income	960	
		
TOTAL REVENUES	$	198,831	
		
EXPENDITURES		
Supervisor Fees	4,000	
Payroll Taxes (Employer)	320	
Engineering	1,500	
Management	29,400	
Secretarial	4,200	
Legal	7,000	
Assessment Roll	6,000	
Audit Fees	3,600	
Insurance	7,400	
Legal Advertisements	1,300	
Miscellaneous	575	
Postage	125	
Office Supplies	275	
Dues & Subscriptions	175	
Trustee Fee	4,100	
Continuing Disclosure Fee	1,000	
Website Management	2,000	
Reserve	1,439	
		
TOTAL EXPENDITURES	$	74,409	
		
REVENUES LESS EXPENDITURES	$	124,422	
		
Bond Payments	(112,550)	
		
BALANCE	$	11,872	
		
County Appraiser & Tax Collector Fee	(3,957)	
Discounts For Early Payments	(7,915)	
		
EXCESS/ (SHORTFALL)	$	-	
		
Carryover From Prior Year	0	
		
NET EXCESS/ (SHORTFALL)	$	-	

DETAILED PROPOSED BUDGET
CYPRESS LAKES 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	73,367	78,137	78,137	Expenditures Less Interest & Carryover/.94	
Debt Assessments	124,804	119,734	119,734	Bond Payments/.94	
Other Revenues	0	0	0		
Interest Income	5,555	480	960	Interest Projected At $80.00 Per Month	
					
TOTAL REVENUES	$	203,726	$	198,351	$	198,831		
					
EXPENDITURES					
Supervisor Fees	2,200	4,000	4,000	No Change From 2024/2025 Budget	
Payroll Taxes (Employer)	168	320	320	Projected At 8% Of Supervisor Fees	
Engineering	2,750	1,500	1,500	No Change From 2024/2025 Budget	
Management	27,744	28,572	29,400	CPI Adjustment	
Secretarial	4,200	4,200	4,200	No Change From 2024/2025 Budget	
Legal	6,955	7,000	7,000	No Change From 2024/2025 Budget	
Assessment Roll	6,000	6,000	6,000	As Per Contract	
Audit Fees	3,800	3,900	3,600	Accepted Amount For 2024/2025 Audit	
Insurance	6,594	7,100	7,400	FY 24/25 Expenditure Was $6,858	
Legal Advertisements	1,322	1,300	1,300	No Change From 2024/2025 Budget	
Miscellaneous	427	600	575	$25 Decrease From 2024/2025 Budget	
Postage	56	125	125	No Change From 2024/2025 Budget	
Office Supplies	156	275	275	No Change From 2024/2025 Budget	
Dues & Subscriptions	175	175	175	No Change From 2024/2025 Budget	
Trustee Fee	4,089	4,100	4,100	No Change From 2024/2025 Budget	
Continuing Disclosure Fee	1,000	1,000	1,000	No Change From 2024/2025 Budget	
Website Management	2,000	2,000	2,000	No Change From 2024/2025 Budget	
Reserve	0	1,762	1,439	Reserve	
					
TOTAL EXPENDITURES	$	69,636	$	73,929	$	74,409		
					
REVENUES LESS EXPENDITURES	$	134,090	$	124,422	$	124,422		
					
Bond Payments	(119,034)	(112,550)	(112,550)	2026 P & I Payments Less Earned Interest	
					
BALANCE	$	15,056	$	11,872	$	11,872		
					
County Appraiser & Tax Collector Fee	(1,282)	(3,957)	(3,957)	Two Percent Of Total Assessment Roll	
Discounts For Early Payments	(7,266)	(7,915)	(7,915)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	$	6,508	$	-	$	-		
					
Carryover From Prior Year	0	0	0	Carryover Balance From Prior Years	
					
NET EXCESS/ (SHORTFALL)	$	6,508	$	-	$	-		

DETAILED PROPOSED DEBT SERVICE BUDGET
CYPRESS LAKES 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	
7,162	
300	
1,250	
Projected Interest For 2025/2026	

NAV Tax Collection	
119,034	
112,550	
112,550	
2026 P & I Payments Less Earned Interest	

Total Revenues	
$	126,196	
$	112,850	
$	113,800		

EXPENDITURES					

Principal Payments	
75,000	
65,000	
70,000	
Principal Payment Due In 2026	

Interest Payments	
54,000	
47,850	
43,800	
Interest Payments Due In 2026	

Extraordinary Principal Payments	
0	
0	
0		

Total Expenditures	
$	129,000	
$	112,850	
$	113,800		

Excess/ (Shortfall)	
$	(2,804)	
$	-	
$	-		

Series 2004 Bond Information
Original Par Amount =	$1,745,000	Annual Principal Payments Due = May 1st	
Interest Rate =	6.00%	Annual Interest Payments Due =	May 1st & November 1st	
Issue Date =	August 2004		
Maturity Date =

Par Amount As Of 1/1/25 =	May 2034

$830,000		

Cypress Lakes Community Development District Assessment Comparison

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

O & M

$	695.06	$

683.53	$

730.26	$

730.26

Debt

$	1,154.21

$	1,165.74

$	1,119.01

$	1,119.01

Total

$	1,849.27

$	1,849.27	$

1,849.27	$

1,849.27

Page 11

* Assessments Include the Following :	 4% Discount for Early Payments
1% County Tax Collector Fee
1% County Property Appraiser Fee
 Community Information:		 Total Units	107

IV

RESOLUTION 2025-02

A RESOLUTION OF THE CYPRESS LAKES COMMUNITY DEVELOPMENT DISTRICT DESIGNATING MICHAEL J. PAWELCZYK AS THE DISTRICT’S REGISTERED AGENT AND DESIGNATING THE OFFICE OF BILLING, COCHRAN, LYLES, MAURO & RAMSEY, P.A. AS THE REGISTERED OFFICE

WHEREAS, Section 189.014, Florida Statutes requires that the Cypress Lakes Community Development District (the “District”) designate a registered office and a registered agent, and further authorizes the District to change its registered office and registered agent, at the discretion of the District Board of Supervisors (the “Board”); and

WHEREAS, the designation of both a registered office and a registered agent is for the purpose of accepting service of process, notice, or demand that is required or permitted by law to be served upon the District; and

WHEREAS, the Board has been informed by the office of District Counsel that there is a need to designate a new registered agent for the District; and

WHEREAS, the Board seeks designate Michael J. Pawelczyk as the registered agent for the District, and update the business address of the registered office of the District, as necessary.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE CYPRESS LAKES COMMUNITY DEVELOPMENT DISTRICT, THAT:
Section 1.	The foregoing recitals are hereby incorporated as findings of fact of the Board.

Section 2.  Michael J. Pawelczyk is hereby designated as the registered agent for the District, thereby replacing any previously designated registered agent.
Section 3.  The registered office of the District is hereby designated as the office at Billing, Cochran, Lyles, Mauro & Ramsey, P.A., 515 East Las Olas Boulevard, Suite 600, Fort Lauderdale, Florida 33301. The registered office is identical to the business address of the registered agent designated in Section 2 of this Resolution.
Section 4. Pursuant to the requirements of Section 189.014(2), Florida Statutes, the District’s Secretary shall transmit copies of this Resolution to the local governing authority or authorities and to the Florida Department of Economic Opportunity.

Section 5.  All resolutions or parts of resolutions in conflict herewith are repealed to the extent of such conflict.

1

Section 6.   If any clause, section or other part or application of this Resolution is held by a court of competent jurisdiction to be unconstitutional, illegal or invalid, in part or as applied, it shall not affect the validity of the remaining portions or applications of this Resolution.

Section 7.	This Resolution shall be effective immediately upon adoption.

PASSED AND ADOPTED THIS 17th DAY OF April, 2025.

ATTEST:

CYPRESS LAKES
COMMUNITY DEVELOPMENT DISTRICT

	

Print name: 		Print name: 	 Secretary/Assistant Secretary		Chair/Vice-Chair, Board of Supervisors

2