CYPRESS LAKES COMMUNITY DEVELOPMENT DISTRICT

PALM BEACH COUNTY REGULAR BOARD MEETING APRIL 30, 2026
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 30, 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
November 20, 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 Member Comments
Adjourn

Publication Date 2026-04-20

Subcategory Miscellaneous Notices

Notice of Regular Board Meeting of the Cypress Lakes Community Development District
The Board of Supervisors (the Board) of the Cypress Lakes Community Development District (the District) will hold Regular Board Meeting on April 30, 2026, at 6:00 p.m. at the Wellington Branch Library located at 1951 Royal Fern Drive, Wellington, Florida 33414.
The purpose of the Regular Board Meeting is for the Board to consider any business which may properly come before it. A copy of the Agenda may be obtained from the Districts website (www.cypresslakescdd.org) or at the offices of the District Manager, 2501A Burns Road, Palm Beach Gardens, Florida 33410, during normal business hours. The meeting is open to the public and will be conducted in accordance with the provisions of Florida law for community development districts. Meetings may be continued as found necessary to a time and place specified on the record.
There may be occasions when one or more Supervisors will 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.
In accordance with the provisions of the Americans with Disabilities Act, any person requiring special accommodations or an interpreter to participate at this meeting 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 meeting.
If any person decides to appeal any decision made with respect to any matter considered at this Regular Board Meeting, 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 their own expense and which record includes the testimony and evidence on which the appeal is based.
Meetings may be cancelled from time to time without advertised notice. Cypress Lakes Community Development District www.cypresslakescdd.org
122522944/20/26

CYPRESS LAKES COMMUNITY DEVELOPMENT DISTRICT REGULAR BOARD MEETING
NOVEMBER 20, 2025

CALL TO ORDER
District Manager Jason Pierman called the November 20, 2025, Regular Board Meeting of the Cypress Lakes Community Development District (the “District”) to order at 6:17 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 3, 2025, as part of the District’s Fiscal Year 2025/2026 Meeting Schedule, as legally required.
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 Michael Pawelczyk 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 26, 2025, Public Hearing & Regular Board Meeting

Mr. Pierman presented the minutes of the June 26, 2025, Public Hearing & Regular Board Meeting and asked if there were any changes or additions.

There being none, a motion was then made by Mr. Strackman, seconded by Mrs. Strackman and unanimously passed approving the minutes of the June 26, 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, entitled:

RESOLUTION NO. 2025-05
A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE CYPRESS LAKES 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 Mr. Strackman, seconded by Mr. DeBock 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 CYPRESS LAKES 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 Mrs. Strackman, seconded by Mr. Strackman and passed unanimously adopting Resolution No. 2025-06, as presented.

ADMINISTRATIVE MATTERS

Mr. Pierman reminded the Board to complete their ethics training before the end of the year and noted that the next meeting would be held on April 16, 2026.

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 6:22 p.m. on a motion made by Mr. Strackman, seconded by Mr. DeBock and passed unanimously.

	
Secretary/Assistant Secretary	Chair/Vice-Chair

RESOLUTION NO. 2026-01

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE CYPRESS LAKES 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 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 2026/2027 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 2026/2027 attached hereto as Exhibit “A” is approved and adopted.

Section 2.	A Public Hearing is hereby scheduled for July 16, 2026 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 2026/2027 Budget.

PASSED, ADOPTED and EFFECTIVE this 30th day of April, 2026.

ATTEST:	CYPRESS LAKES
COMMUNITY DEVELOPMENT DISTRICT

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

Cypress Lakes 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
CYPRESS LAKES COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

REVENUES	
FISCAL YEAR 2026/2027
BUDGET	
O & M Assessments	78,137	
Debt Assessments	119,734	
Other Revenues	0	
Interest Income	1,500	
		
TOTAL REVENUES	$	199,371	
		
EXPENDITURES		
Supervisor Fees	4,000	
Payroll Taxes (Employer)	320	
Engineering	1,500	
Management	30,192	
Secretarial	4,200	
Legal	7,500	
Assessment Roll	6,000	
Audit Fees	3,700	
Insurance	8,000	
Legal Advertisements	1,200	
Miscellaneous	462	
Postage	125	
Office Supplies	275	
Dues & Subscriptions	175	
Trustee Fee	4,300	
Continuing Disclosure Fee	1,000	
Website Management	2,000	
Reserve	0	
		
TOTAL EXPENDITURES	$	74,949	
		
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 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	76,341	78,137	78,137	Expenditures Less Interest & Carryover/.94	
Debt Assessments	121,736	119,734	119,734	Bond Payments/.94	
Other Revenues	0	0	0		
Interest Income	4,084	960	1,500	Interest Projected At $125.00 Per Month	
					
TOTAL REVENUES	$	202,161	$	198,831	$	199,371		
					
EXPENDITURES					
Supervisor Fees	2,000	4,000	4,000	No Change From 2025/2026 Budget	
Payroll Taxes (Employer)	234	320	320	Projected At 8% Of Supervisor Fees	
Engineering	0	1,500	1,500	No Change From 2025/2026 Budget	
Management	28,572	29,400	30,192	CPI Adjustment	
Secretarial	4,200	4,200	4,200	No Change From 2025/2026 Budget	
Legal	7,167	7,000	7,500	$500 Increase From 2025/2026 Budget	
Assessment Roll	6,000	6,000	6,000	As Per Contract	
Audit Fees	3,500	3,600	3,700	Accepted Amount For 2025/2026 Audit	
Insurance	6,858	7,400	8,000	FY 25/26 Expenditure Was $7,269	
Legal Advertisements	633	1,300	1,200	$100 Decrease From 2025/2026 Budget	
Miscellaneous	283	575	462	$113 Decrease From 2025/2026 Budget	
Postage	24	125	125	No Change From 2025/2026 Budget	
Office Supplies	197	275	275	No Change From 2025/2026 Budget	
Dues & Subscriptions	175	175	175	No Change From 2025/2026 Budget	
Trustee Fee	4,256	4,100	4,300	$200 Increase From 2025/2026 Budget	
Continuing Disclosure Fee	1,000	1,000	1,000	No Change From 2025/2026 Budget	
Website Management	2,000	2,000	2,000	No Change From 2025/2026 Budget	
Reserve	0	1,439	0	Reserve	
					
TOTAL EXPENDITURES	$	67,099	$	74,409	$	74,949		
					
REVENUES LESS EXPENDITURES	$	135,062	$	124,422	$	124,422		
					
Bond Payments	(115,947)	(112,550)	(112,550)	2027 P & I Payments Less Earned Interest	
					
BALANCE	$	19,115	$	11,872	$	11,872		
					
County Appraiser & Tax Collector Fee	(1,241)	(3,957)	(3,957)	Two Percent Of Total Assessment Roll	
Discounts For Early Payments	(7,124)	(7,915)	(7,915)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	$	10,750	$	-	$	-		
					
Carryover From Prior Year	0	0	0	Carryover Balance From Prior Years	
					
NET EXCESS/ (SHORTFALL)	$	10,750	$	-	$	-		

DETAILED PROPOSED DEBT SERVICE BUDGET
CYPRESS LAKES 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	
6,298	
1,250	
1,300	
Projected Interest For 2026/2027	

NAV Tax Collection	
115,947	
112,550	
112,550	
2026 P & I Payments Less Earned Interest	

Total Revenues	
$	122,245	
$	113,800	
$	113,850		

EXPENDITURES					

Principal Payments	
65,000	
70,000	
75,000	
Principal Payment Due In 2027	

Interest Payments	
49,800	
43,800	
38,850	
Interest Payments Due In 2027	

Extraordinary Principal Payments	
0	
0	
0		

Total Expenditures	
$	114,800	
$	113,800	
$	113,850		

Excess/ (Shortfall)	
$	7,445	
$	-	
$	-		

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 1/1/26 =	May 2034

$755,000		

Cypress Lakes Community Development District Assessment Comparison

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

O & M

$	683.53	$

730.26	$

730.26	$

730.26

Debt

 $	1,165.74

$	1,119.01

$	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

L,\W OFFlctS
BILLING@Coc AN
ESTABUSHEO 19?7

KENNETH W, MORGAN, JR, MICHAEL l. PAWELCZYK MANUEL R. COMRAS ANDREW A. RIEF
JEFFERY R. LAWLEY GINGER E. WALD SCOTT C. COCH RAN
ALINE 0, MARCANTONIO JOllN C. WEBBER

STEVEN f, BILLING (1947-1998)

BILLING COCHRAN, P.A. LAS OLAS SQUARE, SUITE 600
515 EAST LAS OLAS BOULEVARD FORT LAUDERDALE, FLORIDA 3JJ01
(954) 764-7150
(954) 764-7279 FAX

PGA NATIONAL OFFICE CENTER
300 AVENUE OF THI' CHAMPIONS, SUITE 270 PALM BEACH GARDENS, FLORIDA 33418
(561) 659-5970
(561) 659·6l73 FAX

CHRISTINE A, BROWN GABRIEUA A. FERNANDEZ PEREZ
MARLENE E. GONZALEZ LORI B. LEWELLEN LIZA E. SMOKER LUCAS A. WILLIAMS

Of COUNSEL: CLARK J. COCHRAN, JR.
SUSAN F. DELEGAL DENNISE. LYLES BRUCE M. RAMSEY

HAYWARD D. GAY (1943-2007)		

RICHARDT,  WOULFE

WWW. BILLtNGCOCHRAN.COM PLEASE REPLY TO: FORT LAUOERDALE

February 2 2026

VIA E-MAIL ONLY- jpierman@sdsinc.org Mr. Jason Piennan
District Manager
Special District Services The Oaks Center
2501A Bums Rd
Palm Beach Gardens, FL 33410

Re:		Adjustment to District Coun el Fee Structure Cypress Lakes Community Development District Our File: 578.03505
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 minimum it has become necessary for us to adjust our hourly 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 Pierman 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/jmp
cc: Brielle Barba SDS (via email only)