North Boulevard
Community Development District Agenda
May 20, 2025

Agenda

North Boulevard
Community Development District

219 East Livingston Street, Orlando, Florida 32801 Phone: 407-841-5524 – Fax: 407-839-1526
May 13, 2025
Board of Supervisors North Boulevard
Community Development District

Dear Board Members:

The regular meeting of the Board of Supervisors of North Boulevard Community Development District will be held Tuesday, May 20, 2025 at 11:30 AM at the Holiday Inn Winter Haven, 200 Cypress Gardens Blvd., Winter Haven, FL 33880.
Those members of the public wishing to attend the meeting can do so using the information below:

Zoom Video Link: https://us06web.zoom.us/j/85434991526
Zoom Call-In Information: 1-646-931-3860	Meeting ID: 854 3499 1526

Board of Supervisors Meeting

Roll Call
Public Comment Period
Approval of Minutes of the April 15, 2025, Board of Supervisors Meeting
Consideration of Resolution 2025-11 Setting Public Hearing to Update Parking Policies
Consideration of Proposal for Reserve Study Analysis
Discussion of Meeting Schedule
Staff Reports
Attorney
Engineer
Field Manager’s Report
District Manager’s Report
Approval of Check Register
Balance Sheet & Income Statement
Presentation of Registered Voters- 629
Other Business
Supervisors Requests
Adjournment

Minutes

MINUTES OF MEETING NORTH BOULEVARD
COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the North Boulevard Community Development District was held Tuesday, April 15, 2025, at 11:30 a.m. at the Holiday Inn – Winter Haven, 200 Cypress Gardens Blvd., Winter Haven, Florida and by Zoom.

Present and constituting a quorum:
Andres Romero	Chairman
Ron Orenstein	Vice Chairman
Adam Rhinehart	Assistant Secretary
Rheah Bridges	Assistant Secretary
Emily Cassidy	Assistant Secretary Also present were:
Monica Virgen	District Manager, GMS
Savannah Hancock by Zoom	District Counsel, Kilinski Van Wyk Meredith Hammock by Zoom	District Counsel, Kilinski Van Wyk Marshall Tindall	Field Manager, GMS
Joey Duncan by Zoom	District Engineer, GMS

FIRST ORDER OF BUSINESS	Roll Call
Ms. Virgen called the meeting to order and called the roll. Five Board members were in attendance constituting a quorum.

SECOND ORDER OF BUSINESS	Public Comment Period
Ms. Virgen stated there were no members of the public present to provide comment.

THIRD ORDER OF BUSINESS	Public Hearing for Easement Variance
Policy
Consideration of Resolution 2025-07 Adopting a Policy Related to Improvements Within District Easements
Ms. Virgen asked for a motion to open the public hearing on the Easement Variance Policy.

On MOTION by Mr. Rhinehart, seconded by Ms. Cassidy, with all in favor, Opening the Public Hearing, was approved.

Ms. Virgen stated that the Board set the public hearing for today's date to consider a policy whereby if residents wanted to change their fences to impede on an easement in favor of the District, the District could review those applications and then either approve or deny that. Resolution 2025-07 provides for the expenses associated with reviewing and processing the applications for the easement variances. On page nine of the agenda, you'll see the actual variance policy. We are proposing that the resident would submit the application form to the District management team, pay a $75 fee to offset the cost of reviewing, and then management would then provide the requester with approval or denial. If the request is denied, the requester may appeal the denial at the next Board of Supervisors meeting, and the Board's decision is the final decision after that.
Ms. Hancock stated this policy would basically allow residents to apply to either construct a fence across one of our easements, maybe in their backyard, or potentially tie into any District fences or walls that are at the back of their property. We heard there was a concern about this, that people were building fences and basically creating two back walls and then there was the little strip of grass that nobody could really get in to mow. We are hoping this alleviates that problem. The $75 fee will cover any costs that are required for engineering or legal to review it and draft any documents because this would require an agreement to be drafted and recorded in the public record.
Ms. Virgen stated that there were no public comments at this time and asked for a motion to close the public hearing.

On MOTION by Mr. Rhinehart, seconded by Ms. Cassidy, with all in favor, Closing the Public Hearing, was approved.

Ms. Virgen stated this item was ready for Board discussion or approval.

On MOTION by Mr. Romero, seconded by Ms. Bridges, with all in favor, Resolution 2025-07 Adopting a Policy Related to Improvements withing District Easements, was approved.

FOURTH ORDER OF BUSINESS	Approval of Minutes of March 18, 2025
Board of Supervisors Meeting
Ms. Virgen presented the minutes of March 18, 2025 Board of Supervisors meeting. District staff has reviewed the minutes. She offered to take comments or corrections. The Board had no changes to the minutes.

On MOTION by Mr. Rhinehart, seconded by Mr. Romero, with all in favor, the Minutes of the March 18, 2025 Board of Supervisors Meeting, were approved.

FIFTH ORDER OF BUSINESS	Consideration  of  Resolution  2025-08
Approving the Fiscal Year 2026 Proposed Budget and Setting a Public Hearing to Adopt
Ms. Virgen stated that approval of this resolution will approve the proposed budget that is attached to the resolution as Exhibit A. It will also set your public hearing for July 15, 2025, at 11:30 a.m. at this location here at the Holiday Inn Winter Haven, 200 Cypress Gardens Blvd. Winter Haven, Florida, 33880. We will need to confirm a quorum for this date, we need to have three Board members in person.
Ms. Virgen stated approval of this resolution would also direct District staff to transmit the proposed budget to Polk County at least 60 days prior to the date of the public hearing that is set. This also allows District staff to post the proposed budget on the District website and to publish a notice of the public hearing in a newspaper of general circulation.
Ms. Virgen stated this budget approval just sets the cap for assessments. If the Board approves the budgeted amount, the individual line items can change, can go up or down. The assessment level for residents cannot be increased beyond what is noticed in this budget if approved.
Ms. Virgen stated at the last Board meeting, the Board asked for two options to present. We have option A and option B. Option A is on page 18 of the agenda package and option B starts on page
32. She noted the difference will just be the improvements that we have been discussing in the past

in previous meetings, which are to add fences around the playgrounds and or a sidewalk on the Northridge Estates playground to match the Northridge Reserve side.
Ms. Virgen stated in Option A for Fiscal Year 2026 we are proposing a budget of $431,702. This is the exact number that is listed on the Fiscal Year 2025 column that was adopted so we are proposing no increase to the assessments for this year. Ms. Virgen stated they are proposing a 3% increase to the field management. The landscape maintenance contract has increased based on estimates from the vendor. Other than that, for the most part, the field expenditures are remaining pretty much the same.
Ms. Virgen pointed out the playground improvement line item. She stated that is an item that is going to be the difference between Option A and B for Fiscal Year 2026. In Option A we have set $5,000 and Marshall has also provided a summary of fencing and sidewalk expenditures that the Board can use as a guide for placing numbers into the budget. This would cover one fence. If the Board wanted to adopt Option A, it would cover one fence in Fiscal Year 2026. Then we balance the budget with a capital reserve fund to ensure that there's no increase to resident assessments.
Ms. Virgen stated when the Board is considering increasing assessments to residents, generally, what management advises is to make the increase sustainable for at least three to four years. This is because there are costs to increasing assessments. A mailed notice is required to go out, mailed notice is only required if assessments are being increased. Then there are separate notices for public hearings.
Ms. Virgen stated if the Board wanted to increase the assessments, they can certainly do that today. The resolution that is in the budget would just need to be slightly changed. They would approve it as amended to note the increase in assessments. The resolution would also direct staff to send the mailed notice in accordance with Florida Statutes. We just need to get the exact number that the Board is wanting to increase. So we want to do at least three to four years to sustain that one mailed notice. Typically, if you do that one larger increase, you can put any other excess funds into the Capital Reserve transfer. Board discussion ensued on amount of the increase.
Ms. Virgen stated that she will revise the resolution to include all the information for an increase. Ms. Hancock stated she will have to read the entire new resolution into the record.
Ms. Virgen asked for a motion from the Board to approve an increase to the Fiscal Year 2026 proposed budget and amend the resolution.

On MOTION by Mr. Romero, seconded by Mr. Orenstein, with all in favor, Resolution 2025-08 Approving the Fiscal Year 2026 Proposed Budget and Setting a Public Hearing to Adopt, was approved as amended for the increase.

Ms. Hancock stated this is a resolution of the Board of Supervisors of the North Boulevard Community Development District approving the proposed budget for Fiscal Year 2026, declaring special assessments to fund the proposed budget pursuant to Chapters 170, 190, and 197 of the Florida statutes, setting public hearings, addressing publication, addressing severability and providing an effective date. Whereas the District manager has heretofore prepared and submitted to the Board of Supervisors of the North Boulevard Community Development District prior to June 15th of 2025, proposed budgets for the fiscal year beginning October 1st, 2025 and ending September 30th, 2026. Whereas it is in the best interest of the District to fund the administrative and operations services set forth in the proposed budget by levy of special assessments pursuant to Chapters 170, 190, and 197 Florida statutes as set forth in the preliminary assessment roll included within the proposed budget and whereas the District hereby determines that benefits would accrue to the properties within the District as outlined within the proposed budget in an amount equal to or in excess of the assessments and that such assessments would be fairly and reasonably allocated as set forth in the proposed budget and whereas the Board has considered the proposed budget, including the assessments, and now desires to set the required public hearings thereon. Now, therefore, be it resolved by the Board of Supervisors of the North Boulevard Community Development District; first the proposed budget is approved. The proposed budget prepared by the District manager for Fiscal Year 26 attached to this resolution is Exhibit A hereby approved. It's the basis for conducting a public hearing to adopt set of proposed budget declaring assessments pursuant to Chapters 170, 190, and 197 of the Florida Statutes. The assessment shall defray the cost of services and the total estimated amount set forth in the proposed budget. The nature of and plans and specifications for the services to be funded by the assessments are described in the proposed budget and in any reports of the District engineer, all of which are on file and available for public inspection at the District's office which is Governmental Management Services of Central Florida, at 219 East Livingston Street, Orlando, Florida 32801. The assessments shall be levied within the District on all benefited lots and lands and shall be

apportioned all as described in the proposed budget and the preliminary assessment roll included therein. The preliminary assessment roll is also on file and available public inspection at the District's office. The assessment shall be paid in one or more installment installments pursuant to a bill issued by the District in November of 2025 and pursuant to Chapter 170 Florida statutes or alternatively pursuant to the uniform method as set forth in Chapter 197 of Florida statutes. Setting of the public Hearing pursuant to Chapters 170, 190 and 197 of Florida Statutes; public hearings on the proposed budget and the assessments are hereby declared and set forth on the following date, time, hour and location, July 15th, 2025 at 11:30 a.m. at Holiday in Winter Haven, 200 Cypress Gardens Blvd. Winter Haven, Florida. Transmittal of Proposed budget to local general- purpose governments, the District Manager is hereby directed to submit a copy of the proposed budget to the City of Haines City and Polk County at least 60 days prior to the hearings and above. The posting of the proposed budget in accordance with Section 189.016 Florida statutes, the District Secretary is further hereby directed to post the approved proposed budget on the District's website at least two days before the budget hearing is set forth. and shall remain on the website for at least 45 days. Publication of the Notice; the District shall cause this resolution to be published once a week for a period of two weeks in a newspaper of general circulation published in Polk County. Additionally, a notice of the public hearing shall be published in the manner prescribed in Florida law. Severability the invalidity or unenforceability of any one or more provisions of this resolution shall not affect the validity or enforceability of the remaining portions of this resolution, and this resolution shall take effect immediately upon adoption. That is the new resolution for the increase in assessments for Fiscal Year of 2026.

SIXTH ORDER OF BUSINESS	Consideration  of  Resolution  2025-09
Removing Tow Away Zone Designation for Certain Areas in the District
Ms. Virgen stated she provided a handout to all the Board members. This is a map that was provided by Supervisor Bridges last meeting. It shows the highlighted portions of the parking map that are in question. We discussed with a District engineer and he has no objections to revising the parking map as outlined. Approval of this resolution would allow District staff to modify this parking map to include parking on those two yellow highlighted areas and then we would just update the maps that are posted on the District website and update that agreement with the towing vendor as well.

On MOTION by Mr. Romero, seconded by Ms. Bridges, with all in favor, Resolution 2025-09 Removing Tow Away Zone Designation for Certain Areas in the District, was approved.

Ms. Virgen stated that she provided the agreement to the current towing company as soon as our District council gave it to us. Unfortunately, they have had issues with their insurance provider allowing them to add us as an additional insured, which is required by the District. They have been trying to find another insurance vendor that wouldn't give them issues. Unfortunately, they were not able to get that agreement signed.
Ms. Virgen stated we had also discussed Anytime Towing. We have worked with them. They are familiar with our insurance requirements. I don't think that would be an issue with getting signs installed as soon as possible. If the Board is amenable and would like for me to go ahead and proceed with the Anytime Towing services and we would send them the updated map with the new areas that are allowed.
Ms. Hancock stated the statute doesn't have any minimum size requirements for those signs, District staff can reach out and request a larger one than was there but there's not a statue requiring a certain size. Ms. Virgen stated this may incur more charges to the District if they have to go out and purchase more signs that they don't normally have.

On MOTION by Mr. Rhinehart, seconded by Mr. Romero, with all in favor, Directing Staff to Engage in Towing Agreement with Anytime Towing, was approved.

SEVENTH ORDER OF BUSINESS	Consideration	of	Resolution	2025-10
Certifying the Series 2019 Project Complete
Ms. Virgen stated this resolution certifies that Series 2019 project is complete.
Ms. Hancock stated we issued bonds in 2019, the project that was built with those bonds, which was District infrastructure within the neighborhoods like roads, water, utilities, things of that nature. Once that project is complete, we certify that it is completely done with the District's engineer, and then we close out the project in the eyes of the District.

On MOTION by Mr. Rhinehart, seconded by Mr. Orenstein, with all in favor, Resolution 2025-10 Certifying the Series 2019 Project Complete, was approved.

EIGHTH ORDER OF BUSINESS	Ratification	of	Northridge	Reserve
Agreement for Easter Event
Ms. Virgen stated this was already executed and that the event was last weekend. So we are just looking for a motion to ratify.

On MOTION by Mr. Rhinehart, seconded by Mr. Romero, with all in favor, the Northridge Reserve Agreement for Easter Event, was ratified.

NINTH ORDER OF BUSINESS	Discussion	of	Meeting	Schedule	–
Requested by Supervisor Bridges
Ms. Bridges stated that she has had several homeowners get upset because these meetings are held in the middle of the week and early in the morning to where they can't get off of work. It works for me, but just trying to get community involved.
Ms. Virgen stated if you could give us whatever date, time, location you're proposing, and we would review with staff to see that your District engineer or counsel, Marshall and I would be available on those dates for those meetings.
Mr. Romero stated we could do one meeting later, like maybe a quarter or at least one a year that we do later. So maybe that one people would be able to go to.
Ms. Hancock stated Meredith and I do have a few Districts that kind of flip flop back and forth. One month will be during the day, one month is in the evening. So it's doable.
Ms. Virgen stated the meeting has to be held in Polk County and it has to be available to the public. Ms. Virgen stated because this is a meeting block and District staff is here for many other Districts on this day, the District shares costs with other Districts for the meeting room. The Board requested to look into possible dates that work for staff at the Tom Fellows Community Center.

TENTH ORDER OF BUSINESS	Discussion	of	Workshop	Notices	for
Northridge Reserve HOA Meetings

Ms. Virgen stated we have two HOA Board members on the CDD Board. Ms. Hancock stated since Ron and Andres are on the Board together, it's going to be a challenge to avoid any potential Sunshine Law conflicts, we think it is in the best interest of the District and you all to publish a notice stating that all of those HOA meetings are workshops since you are both members of the Board and you may be discussing a matter that may potentially one day come.
Ms. Hancock stated a workshop is something where the Supervisors can meet but no action can be taken. There can't be a vote, but something can be discussed. You could have a workshop on the budget and everyone could discuss and talk about all of the different line items on the budget. I have some communities that have town hall workshops where they go and meet and hear concerns from members of the community. You just cannot take a vote or make any decisions during a workshop, but multiple Supervisors can be present and you can discuss matters of the District.
Ms. Virgen stated it is still an official meeting. It's published in a newspaper of general circulation. You just cannot make any motions or seconds or do anything that affects the District. Mr. Orenstein stated that he would provide a list of HOA meeting dates, times and locations.
*Mr. Orenstein left the meeting at 12:37 p.m.

ELEVENTH ORDER OF BUSINESS	Appointment of Audit Committee
Ms. Virgen stated next we have the appointment of your audit committee. You'll see after the adjournment of your Board of Supervisors meeting there is an audit committee meeting scheduled. This is to engage with an audit provider for the upcoming years. The Board has the ability to engage with an audit services provider for up to five consecutive years. Typically, what we have is the Board of Supervisors serves as the audit committee. We would just need a motion to appoint the Board of supervisors as the audit committee.

On MOTION by Mr. Romero, seconded by Ms. Bridges, with all in favor, Appointing the Board of Supervisors as the Audit Committee, was approved.

TWELFTH ORDER OF BUSINESS	Staff Reports
Attorney

Ms. Hancock had nothing further to report to the Board. She reminded the Board to complete their ethics training by December 31st.

Engineer
Mr. Duncan had nothing further to report.

Field Manager’s Report
Mr. Tindall reviewed the Field Manager’s Report.

Consideration of Proposal for Sidewalk to Hoover Playground
Mr. Tindall reviewed the proposal for the Board. No action was taken at this time.

District Manager’s Report
Approval of Check Register
Ms. Virgen presented the check register from February 1st through February 28th totaling
$22,229.37. Immediately following the check register is a detailed run summary.

On MOTION by Mr. Rhinehart, seconded by Mr. Romero, with all in favor, the Check Register, was approved as amended.

Balance Sheet and Income Statement
Ms. Virgen presented the unaudited financials through February 28, 2025. These are for informational purposes only.

THIRTEENTH ORDER OF BUSINESS	Other Business
There being no other comments, the next item followed.

FOURTEENTH ORDER OF BUSINESS	Supervisors	Requests	and	Audience
Comments
There being no other comments, the next item followed.

FIFTEENTH ORDER OF BUSINESS	Adjournment
Ms. Virgen adjourned the meeting.

On MOTION by Mr. Rhinehart, seconded by Mr. Romero, with all in favor, the meeting was adjourned.

Secretary/Assistant Secretary	Chairman/Vice Chairman

MINUTES OF MEETING NORTH BOULEVARD
COMMUNITY DEVELOPMENT DISTRICT

The audit committee meeting of the North Boulevard Community Development District was held Tuesday, April 15, 2025, at 12:30 p.m. at the Holiday Inn – Winter Haven, 200 Cypress Gardens Blvd., Winter Haven, Florida and by Zoom.

Present for the Audit Committee were:
Andres Romero	Chairman Ron Orenstein
Adam Rhinehart Rheah Bridges Emily Cassidy

Also present were:

Monica Virgen
Savannah Hancock by Zoom Meredith Hammock by Zoom Marshall Tindall
Joey Duncan by Zoom

FIRST ORDER OF BUSINESS	Roll Call
Ms. Virgen called the meeting to order and called the roll.

SECOND ORDER OF BUSINESS	Public Comment Period
Ms. Virgen stated there were no members of the public present to provide comment.

THIRD ORDER OF BUSINESS	Audit Services
Approval of Request for Proposals and Selection Criteria
Ms. Virgen stated the first item is the approval of the request for proposals and selection criteria. This starts on page 94 of the agenda package. This is the RFP or the instructions to the proposers for audit services. On page 97, you'll see the evaluation criteria. Criteria we have that listed for 20 points awarded for ability of personnel, 20 points awarded for proposer’s experience,

April 15, 2025	North Boulevard CDD

20 points awarded for understanding of the scope of work, 20 points awarded for the ability to furnish the required services, and 20 points awarded for the price. For a total of 100 points for each audit proposal received.

On MOTION by Mr. Romero, seconded by Mr. Rhinehart, with all in favor, the Request for Proposals and Selection Criteria, was approved.

Approval of Notice of Request for Proposals for Audit Services
Ms. Virgen stated next you have the approval of the notice of the RFP for audit services. You can find that notice on page 99 of the Agenda package. This requires that proposers submit the proposals by 5:00 p.m. on Friday, June 27, 2025, and the proposals will be presented at the following meeting.

On MOTION by Ms. Bridges, seconded by Mr. Romero, with all in favor, the Notice of Request for Proposals for Audit Services, was approved.

Public Announcement of Opportunity to Provide Audit Services
Ms. Virgen announced the opportunity to provide audit services for North Boulevard Community Development District.

FOURTH ORDER OF BUSINESS	Adjournment
Ms. Virgen adjourned the meeting.

On MOTION by Mr. Rhinehart, seconded by Mr. Romero, with all in favor, the meeting was adjourned.

Secretary/Assistant Secretary	Chairman/Vice Chairman

2

Section IV

RESOLUTION 2025-11
A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE NORTH BOULEVARD COMMUNITY DEVELOPMENT DISTRICT TO DESIGNATE THE DATE, TIME AND PLACE OF A PUBLIC HEARING AND AUTHORIZATION TO PUBLISH NOTICE OF SUCH HEARING FOR THE PURPOSE OF ADOPTING AMENDED RULES RELATING TO OVERNIGHT PARKING AND PARKING ENFORCEMENT.

WHEREAS, the North Boulevard Community Development District (the “District”) is a local unit of special-purpose government created and existing pursuant to Chapter 190, Florida Statutes, being situated entirely within Polk County, Florida; and
WHEREAS, the Board of Supervisors of the District (the “Board”) is authorized by Sections 190.011(5) and 190.035, Florida Statutes, to adopt rules, orders, rates, fees and charges pursuant to Chapter 120, Florida Statutes.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE NORTH BOULEVARD COMMUNITY DEVELOPMENT DISTRICT:

SECTION 1. The Board intends to adopt Amended Rules Relating to Parking Enforcement (the “Policy”), a proposed copy of which is attached hereto as Exhibit A. The District will hold a public hearing on such Policy at a meeting of the Board to be held on July 15, 2025, at 11:30 a.m. at the Holiday Inn Winter Haven, 200 Cypress Gardens Boulevard, Winter Haven, Florida 33880.
Section 2. The District Secretary is directed to publish notice of the hearing in accordance with Section 120.54, Florida Statutes and all prior actions taken for the purpose of publishing notice are hereby ratified.
SECTION 3. This Resolution shall become effective immediately upon its adoption. PASSED AND ADOPTED this 20th day of May 2025.

ATTEST:	NORTH BOULEVARD COMMUNITY DEVELOPMENT DISTRICT

Secretary/Assistant Secretary	Chairperson, Board of Supervisors

Exhibit A: Proposed Amended Rules Relating to Parking Enforcement

Exhibit A
Proposed Amended Rules Relating to Parking Enforcement

[Begins on following page.]

2

Section V

Orlando, FL 32801
Proposal for Reserve Study with On-Site Analysis

As you requested, we are submitting this proposal for reserve study services for North Boulevard CDD. The site analysis will be scheduled as soon as we receive the signed agreement (attached) to proceed. Our report is issued as a Reserve Management Plan engagement and is intended to match your budget year and will be a 30-year projection for the 30-year period beginning October 1
, 2025.

Since maintenance expenditures are often the most significant costs of an association, properly preparing a Reserve Study is one of the most important responsibilities for common interest organizations. An accurate and detailed analysis will minimize reserve assessments and reduce the risk of insufficient funds, while still maintaining the common areas. Some consider the reserve study simply as a budget tool. Others want a dynamic long-term replacement management tool. Either way, we can help.

Capital Reserve Advisors:

Local: Located in Tampa, FL for your convenience and unrivaled customer service.
Experts: Lynn Sallee, RS, CMM, PRA, and CPSI designations with 48 years of construction experience and 11 years of Reserve Study deliveries.
Pierre del Rosario has provided financial services to condominium and homeowners associations clients since 2000.
Vetted: Capital Reserve Advisors uses software specifically designed to prepare reserve studies that has been fully tested by a team of independent financial experts for calculation accuracy and certified to meet the strict ICBI software standards and is used by more than 3,000 satisfied clients worldwide.
Easy: Reserve Study Reports that are usually less than 30 pages makes it easy for boards of directors and management professionals to read, digest and distribute. Our report provides actionable management information that is detailed enough to understand, but not so detailed that it overwhelms the reader. This report is supplemented by separately issued detail financial schedules to provide a complete reserve activity management system.
Affordable: We believe in using the latest technology to our advantage. Because we have continued to evolve our business practices by staying ahead of the curve with our software, we are able to pass on the savings to our clients.
Full Service: Each of our on-site analyses includes everything you have come to expect from reserve study providers. Full component detail lists with site or element photos, current and future replacement cost estimates, and anecdotal evidence and/or commentary where necessary.
Full Service +: At no extra charge, we also prepare the report with the understanding that every association is unique. Our reports are prepared for the association but also, by the association. This includes open communication, *unlimited revisions, and *client-use software.

Fee Quotation

The fee for preparing the reserve study with on-site analysis for the fiscal period starting October 1, 2025 is $ 3,950.

If you would like us to proceed with your reserve study, please indicate your acceptance by signing the attached Reserve Study Services Agreement and returning it to us. The terms of this proposal will remain in effect for sixty days from the date of this proposal.

Pierre del Rosario, President
Attachment
*See attached agreement for terms of service
See attached brochure for complete information about our company

Orlando, FL 32801		Reserve Study Services Agreement Reserve Study with On-Site Analysis

This Agreement is made between Capital Reserve Advisors (“CRA”) and North Boulevard CDD, (the “Association”).The Association has engaged Capital Reserve Advisors to perform and prepare an analysis and projection of the Association's replacementfunding program (“Reserve Study”) pursuant to the terms and conditions as set forth herein.

IT IS AGREED:

Analysis Date and Period: The Reserve Study will be a projection for the 30-year period commencing October 1, 2025.

Date of Delivery of Requested Information: A draft report will be available for review by the Association within two weeks from the date of CRA’s receipt of the applicable documents, information, and materials requested, and completion of the site analysis by CRA . The Reserve Study will assume the most probable course of events in consideration of information supplied by the Association, CRA ’s research, and industry standards and guidelines. However, the Association acknowledges that actual replacement costs may vary from those set forth in the Reserve Study and such variations may be material. Accordingly, CRA does not, and shall not, guarantee that actual replacement costs and/or remaining lives will approximate those contained in the Reserve Study.
tiafqomnrerutbsCeRAhyheion and documents
describedonScheduleAattachedtothisAgreement.
The Association covenants and agrees to provide CRA with all the information and documents set forth on Schedule A, and to cooperate with all reasonable requests of CRA in connection with this Agreement. Without limiting the foregoing, the Association shall ensure that its personnel are reasonably available to consult with CRA regarding replacement funding expenditures and the condition of the physical components of the common areas and shall allow CRA reasonable access to conduct periodic physical inspections of the Association’s facilities and common areas.

Date of Delivery of Final Report: The final report will be issued within seven working days of receiving approval from the Association for issuance of such report. The Reserve Study shall be dated as of the date of delivery to the Association (the “Report Date”). If the Association does not inform CRA of any changes within 30 days of delivery of the draft report, then the draft report is considered to be approved as is, and CRA will issue the final report.

Report Format: The format of the Reserve Study will be similar to the sample report available on our web site at http://www.capitalreserveadvisors.com. The purpose of the Reserve Study is to assist theAssociation in properly managing replacement funds andcommon area property, so that future funds will be sufficient when expenditures are necessary and common area property can be maintained efficiently for the life of the project. The Reserve Study is intended only for the Association’s internal use, and only for the purposes, and subject to the limitations described in this Agreement.

Reserve Study Update: CRA has no responsibility to update the final Reserve Study for events and circumstances occurring after the Report Date. CRA recommends that interim updates be performed at least annually and at more frequent intervals if there are material fluctuations in the rates of inflation and investment or when material changes in costs or in estimated lives of replacement fund items occur.

Reserve Study Fee & Terms: CRA ’s fee for preparing the Reserve Study, with site analysis, for the period beginning October 1, 2025 is $ 3,950. 50% of this fee will be billed upon authorization to proceed and is due and payable at that time. The remaining 50% will be billed upon delivery of the draft report and is due and payable within 30 days. If a draft report is not issued at the request of the Association, the remaining 50% is due and payable within 30 days of importing data into Facilities 7 software and providing access to the Association.

No Warranties: The Association acknowledges and agrees that neither CRA , nor any officer, director, owner, employee, agent or affiliate of CRA , has made any representations, warranties, guarantees, or promises ofany kind regarding CRA ’s services or deliverables except as expressly provided in this Agreement. CRA disclaims all warranties, including without limitation any warranty as to fitness of the Reserve Study for a particular purpose, whether express, implied or arising by operation of law. CRA shall not be liable to the Association for any incidental, consequential, or special damages whatsoever, including without limitation any lost revenues or lost profits, arising from or related to this Agreement and the services provided hereunder.

Miscellaneous:

Entire Agreement. This Agreement embodies the entire agreement and understanding between the parties with respect to its subject matter, and supersedes all prior agreements, whether written or oral, pertaining to such subject matter.
Governing Law. Disputes arising under this agreement (including the scope, nature and quality of services to be performed by us, our fees and other terms of the engagement) shall be submitted to mediation. A competent and impartial third-party, acceptable to both parties, shall be appointed to mediate, and each disputing party shall pay an equal percentage of the mediator’s fees and expenses. No suit or arbitration proceedings shall be commenced under this agreement until at least 60 days after the mediator’s first meeting with the involved parties. If the dispute requires litigation, the court shall be authorized to impose all defense costs against any non-prevailing party found not to have participated in the mediation process in good faith. This Agreement is governed by, and shall be construed in accordance with, the laws of the State of Florida. Venue for all legal or equitable actions relating to or arising from this Agreement shall be Hillsborough County, Florida.
Force Majeure. Notwithstanding anything to the contrary provided in this Agreement, CRA shall not be liable for any delay or failure to perform any ofits obligations under this Agreement if such delay or failure is caused by an act of god, government requirements, fire, or any other cause or circumstance beyond its reasonable control. CRA shall use reasonable efforts to avoid, remove, or cure all such circumstances as soon as is reasonably feasible.
Third Party Actions. If there are any member or third party actions involving the Association which cause CRA to incur time charges or expenses other than for the initial preparation of the reserve study report, CRA is to be reimbursed by the Association for any costs or time charges incurred in connection therewith.

Limitations of Reserve Study Association understands and agrees that:

The Reserve Study is intended for the sole use of the Association and is not to be construed as a guarantee, warranty or an opinion on the advisability of purchase.
The information provided by the Reserve Study is effective for one year from the completion date of the report. An annual review and update of this Reserve Study is required to adjust known cost changes and to maintain accuracy.
CRA ’s financial liability for errors and omissions is limited to the fees charged to Association to perform the Reserve Study.
The scope of the Reserve Study is expressly limited to the components included.
The remaining useful life estimates of the Reserve Study assumes normal weather conditions and does not factor in damage by flood, wind, storm, earthquake or other insurable events. The useful life estimates assume proper construction, installation, design plus adequate preventive maintenance. Improper construction, installation, design or failure to maintain will lead to shortened useful lives.
The cost estimates of the Reserve Study are based in current pricing for similar installations and materials and/or based in actual costs paid by Association. Future costs are subject to change according to supply and demand, material costs, effects of inflation and other forces which are not under CRA ’s control.
The conclusions of the Reserve Study do not involve forensic or destructive testing of the components and were arrived at by either visual inspection and/or information provided by Association.
The Reserve Study is not intended to address or discover construction defects, asbestos, mold, water intrusion or lead paint. Association agrees to indemnify, defend and hold CRA harmless from all related claims.
Association warrants that the components, equipment and materials are constructed or assembled by qualified and licensed contractors according to manufacturer specifications and that the finished construction complies with all applicable building codes at the time of construction.

Approval of Agreement

North Boulevard CDD:	For Capital Reserve Advisors :

By:	

Date: 	

By:

Pierre del Rosario, President April 20, 2025

North Boulevard CDD- Schedule A Documents, Information, and Materials Requested
The table below provides a fairly comprehensive list of the documents and information we require in order to perform a comprehensive analysis for you and helps to improve the accuracy of the report. Our normal work process is:
Phone call or email notification to schedule date for on-site analysis
Summarize and evaluate data in my office, and research and estimate pricing of reserve activities
Prepare a draft of the report and information for your edits and our discussion
Conference call (if necessary) to discuss the data and report. This is your board's report and I want to walk you through it and make necessary adjustments so that you have the best information and a workable plan going forward.
Edits based on our conference call and second draft (or final) report issued

#	Documents requested	Reason needed	Required	Done	
1	A copy of the most recent prior reserve study, if available	This helps ensure that we will identify all components and may provide measurement information. It is also a good check for us on
costing information.	

No		
2	A copy of the most current financial statements of the Association that shows the current total of reserve funds, and the current budgeted
amount to be transferred monthly to reserves	Necessary for us to know how much you are presently contributing to reserves, and to anticipate the following year’s reserve
contribution.	

Yes		
3	A copy of the Association's budget for the most recent year	This is required UNLESS it is shown on the financial statements listed above (# 2)			
4	A	copy	of	the	Association's	governing documents (CC&R's, etc.)	Only necessary if it discusses maintenance responsibility of Association			
5	Copies of prior paid invoices for repair and/or replacement of common area components	Very helpful information to help us make sure that cost data we reflect in the study represents
actual, rather than estimated costs.			
6	Copies of bids solicited for repair and/or replacement of common area components,
whether awarded or not	Very helpful information to help us make sure that cost data we reflect in the study represents
actual, rather than estimated costs.			
7	A copy of your reserve policies	Required if you have specific reserve policies.
If not, we will be happy to help you establish policies for your Association.			
8	A list of addresses and phone numbers for
pertinent service contractors (landscape, pool, elevator, roof, paint, deck, etc.)	Very helpful information to help us make sure
that we have accurate cost data and an understating of your maintenance plan.			
9	A copy of the plot map of the project or community showing phasing details and
building shapes or styles	This is necessary for us to identify all components.	
Yes		
10	Temporary use of keys, access devices or gate codes to enter upon the common areas, pool or recreation areas and equipment or storage
areas	Necessary for us to gain access to restricted areas.	
Yes		
istadfveirmoerwibenqdnumtcaonehAaln	y	s	rtedourwork.

Section VII

Section C

to be provided under separate cover

Section D

Section 1

North Boulevard Community Development District

Summary of Check Register

March 01, 2025 through March 31, 2025

Bank	Date	Check No.'s		Amount	

General Fund	

3/5/25	

493-495	

$	

2,105.68	
	3/13/25	496-499	$	15,193.79	
	3/21/25	500-503	$	7,128.21	
	3/28/25	504-507	$	5,917.09	
			$	30,344.77	

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	5/13/25	PAGE	1
*** CHECK DATES 03/01/2025 - 03/31/2025 ***	NORTH BOULEVARD GENERAL FUND
BANK A GENERAL FUND
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
3/05/25 00029	2/24/25 22438687 202501 310-51300-31100	*	180.00
ENGINEERING SVCS-JAN25
DEWBERRY ENGINEERING	180.00 000493
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/05/25 00036	2/27/25 11501	202501 310-51300-31500	*	1,786.91
ATTORNEY SVCS-JAN25
KILINSKI	VAN WYK PLLC	1,786.91 000494
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/05/25 00035	2/25/25 16546	202502 320-53800-47300	*	138.77
RPR SPRAY WITH NOZZLE
PRINCE & SONS INC.	138.77 000495
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/13/25 00019	1/31/25 171	202501 320-53800-48000	*	645.00
GENERAL MAINT-JAN25
3/01/25 169	202503 310-51300-34000	*	3,750.00
MANAGEMENT FEES-MAR25
3/01/25 169	202503 310-51300-35200	*	105.00
WEBSITE MANAGEMENT-MAR25
3/01/25 169	202503 310-51300-35100	*	157.50
INFORMATION TECH-MAR25
3/01/25 169	202503 310-51300-31300	*	568.75
DISSEMINATION SVCS-MAR25
3/01/25 169	202503 310-51300-51000	*	.03
OFFICE SUPPLIES
3/01/25 169	202503 310-51300-42000	*	83.55
POSTAGE
3/01/25 169	202503 310-51300-42500	*	9.90
COPIES
3/01/25 170	202503 320-53800-12000	*	695.67
FIELD MANAGEMENT-MAR25
GOVERNMENTAL MANAGEMENT SERVICES-CF	6,015.40 000496
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/13/25 00039	3/01/25 NB2236	202503 330-57200-48201	*	232.76
PET WASTE STATION-MAR25
POOP BANDIT	232.76 000497
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/13/25 00035	3/01/25 16689	202503 320-53800-46200	*	4,905.00
LANDSCAPE MAINT-MAR25
PRINCE & SONS INC.	4,905.00 000498
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/13/25 00012	2/25/25 7658794	202503 310-51300-32300	*	4,040.63
TRUSTEE FEES S19-FY25
U.S. BANK	4,040.63 000499
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/21/25 00029	9/23/24 22421300 202410 310-51300-31100	*	350.00
ENGINEERING SVCS-AUG24
DEWBERRY ENGINEERING	350.00 000500
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
NOBU NORTH BOULEVAR IARAUJO

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	5/13/25	PAGE	2
*** CHECK DATES 03/01/2025 - 03/31/2025 ***	NORTH BOULEVARD GENERAL FUND
BANK A GENERAL FUND
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
3/21/25 00036	3/19/25 11755	202502 310-51300-31500	*	3,216.38
ATTORNEY SVCS-FEB25
KILINSKI	VAN WYK PLLC	3,216.38 000501
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/21/25 00027	3/20/25 03202025 202503 300-20700-10000	*	1,965.29
TRANSFER OF TAX RCPT S17
NORTH BOULEVARD CDD	1,965.29 000502
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/21/25 00028	3/20/25 03202025 202503 300-20700-10000	*	1,596.54

- - - - - - - - 3/24/25 00057	NORTH BOULEVARD CDD
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/24/25 03242025 202503 300-15100-10000	-	-	-	-	- -
*	-	-	-	-	- - - - - -	1,596.54
- - - - -	000503
- - -	
	3/24/25 03242025 202503 300-15100-10000					V					265,000.00-			
	TXFER EXCESS FUNDS TO SBA													
	STATE BOARD OF ADMINISTRATION											.00	000504	
- - - - - - - -	- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	-	-	-	-	- -	-	-	-	-	- - - - - -	- - - - -	- - -	
3/28/25 00029	3/24/25 22441482 202502 310-51300-31100					*					520.00			
	ENGINEERING SVCS-FEB25													
	DEWBERRY ENGINEERING											520.00	000505	
- - - - - - - -	- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	-	-	-	-	- -	-	-	-	-	- - - - - -	- - - - -	- - -	
3/28/25 00010	3/03/25 27034	202503 310-51300-32200					*					4,900.00			
	AUDIT FYE 09/30/24													
	GRAU & ASSOCIATES											4,900.00	000506	
- - - - - - - -	- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	-	-	-	-	- -	-	-	-	-	- - - - - -	- - - - -	- - -	
3/28/25 00035	3/20/25 16925	202503 320-53800-47300					*					497.09			
	RPLCD NOZZLES SPRAYS													
- - - - - - - -	PRINCE & SONS INC.
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	-	-	-	-	- -	-	-	-	-	- - - - - -	497.09
- - - - -	000507
- - -	

TRANSFER OF TAX RCPT S19

TXFER EXCESS FUNDS TO SBA

265,000.00

TOTAL FOR BANK A	30,344.77
TOTAL FOR REGISTER	30,344.77

NOBU NORTH BOULEVAR IARAUJO

Section 2

North Boulevard
Communfty Development District

Unaudited Financial Reporting
March 31, 2025

Table of Contents

1		Balance Sheet	

2-3	
	General Fund	

4	
	Debt Service Fund - Series 2017	

5	
	Debt Service Fund - Series 2019	

6	
	Capital Projects Fund - Series 2017	

7	
	Capital Reserve Fund	

8-9	
	Month to Month	

10	
	Assessment Receipt Schedule	

11	
	Long Term Debt Schedule	

North Boulevard
Community Development District Combined Balance Sheet
March 31, 2025

	General Fund	Capital Reserve Fund	Debt Service Fund	Capital Projects Fund	Totals Governmental Funds	
Assets:						
Operating Account	$	399,607	$	29,398	$	-	$	-	$	429,005	
Due From General Fund	$	-	$	-	$	-	$	-	$	-	
Deposits	$	960
Investments:	$	-	$	-	$	-	$	960	
Series 2017
Reserve	$	-	
$	-	$	123,875	
$	
-	$	123,875	
Revenue	$	-	$	-	$	339,079	$	-	$	339,079	
Redemption	$	-	$	-	$	810	$	-	$	810	
Series 2019				
Reserve	$	-	$	-	$	105,956	$	-	$	105,956	
Revenue	$	-	$	-	$	238,812	$	-	$	238,812	
Prepayment	$	-	$	-	$	162	$	-	$	162	
Total Assets	$	400,567	$	29,398	$	808,695	$	-	$	1,238,660	
Liabilities:				
Accounts Payable	$	5,265	$	-	$	-	$	-	$	5,265	
FICA Payable	$	245	$	-	$	-	$	-	$	245	
Total Liabilites	$	5,510	$	-	$	-	$	-	$	5,510	

Fund Balance:				
Assigned For:				
Debt Service - Series 2017	$	-	$	-	$	463,765	$	-	$	463,765	
Debt Service - Series 2019	$	-	$	-	$	344,931	$	-	$	344,931	
Restricted For:								
Capital Reserve	$	-	$	29,398	$	-	$	-	$	29,398	
Unassigned	$	395,057	$	-	$	-	$	-	$	395,057	
Total Fund Balances	$	395,057	$	29,398	$	808,695	$	-	$	1,233,150	
						
Total Liabilities & Fund Balance	$	400,567	$	29,398	$	808,695	$	-	$	1,238,660	

Revenues:

Assessments - Tax Roll	$	431,702	$	425,940	$	425,940	$	-	
Other Income	$	-	$	-	$	30	$	30	
Total Revenues	$	431,702	$	425,940	$	425,970	$	30	

Expenditures:									
General & Administrative:									
Supervisor Fees	$	12,000	$	6,000	$	2,800	$	3,200	
FICA Expense	$	-	$	-	$	138	$	(138)	
Engineering Fees	$	10,000	$	5,000	$	4,518	$	483	
Dissemination Agent	$	6,825	$	3,413	$	3,413	$	-	
Attorney Fees	$	19,000	$	9,500	$	11,145	$	(1,645)	
Assessment Administration	$	5,250	$	5,250	$	5,250	$	-	
Annual Audit	$	4,900	$	4,900	$	4,900	$	-	
Trustee Fees	$	7,780	$	7,758	$	7,758	$	-	
Management Fees	$	45,000	$	22,500	$	22,500	$	-	
Information Technology	$	1,890	$	945	$	945	$	-	
Website Maintenance	$	1,260	$	630	$	630	$	-	
Postage & Delivery	$	1,100	$	550	$	371	$	179	
Telephone	$	50	$	25	$	-	$	25	
Printing & Binding	$	400	$	200	$	63	$	137	
Insurance	$	8,455	$	8,455	$	7,296	$	1,159	
Legal Advertising	$	5,000	$	2,500	$	1,715	$	785	
Contingency	$	3,000	$	1,500	$	286	$	1,214	
Office Supplies	$	100	$	50	$	1	$	49	
Dues, Licenses & Fees	$	175	$	175	$	175	$	-	
Total General & Administrative:	$	132,185	$	79,350	$	73,902	$	5,448	

Operation and Maintenance		
Field Expenses
Field Management		

$	8,348	

$	4,174	

$	4,174	

$	-	
Electric		$	9,490	$	4,745	$	2,829	$	1,916	
Streetlights		$	30,418	$	15,209	$	11,088	$	4,121	
Property Insurance		$	6,333	$	6,333	$	5,064	$	1,269	
Landscape Maintenance		$	58,860	$	29,430	$	24,525	$	4,905	
Landscape Replacement & Enhancement		$	20,000	$	20,000	$	18,000	$	2,000	
Irrigation Repairs		$	5,500	$	5,500	$	5,892	$	(392)	
General Field Repairs & Maintenance		$	15,000	$	15,000	$	18,845	$	(3,845)	
Contingency		$	10,000	$	5,000	$	-	$	5,000	
	Subtotal	$	163,948	$	105,391	$	90,418	$	14,973	

Amenity Expenses
Inter-Governmental Expense		

$	92,509	

$	-	

$	-	

$	-	
Trash Collections		$	2,100	$	1,050	$	1,102	$	(52)	
Pest Control		$	960	$	480	$	-	$	480	
	Subtotal	$	95,569	$	1,530	$	1,102	$	428	
						
Total O&M Expenses:		$	259,517	$	106,921	$	91,520	$	15,401	
						
Total Expenditures		$	391,702	$	186,271	$	165,422	$	20,849	

Other Financing Sources/Uses:						
Capital Reserve		$	(40,000)	$	-	$	-	$	-	
Total Other Financing Sources/Uses		$	(40,000)	$	-	$	-	$	-	
						
Excess Revenues (Expenditures)		$	-		$	260,548		
						
Fund Balance - Beginning		$	-		$	134,509		

Fund Balance - Ending	$	-	$	395,057

Adopted	Prorated Budget	Actual	
Budget	Thru 03/31/25	Thru 03/31/25	Variance	

Revenues:		
Assessments - Tax Roll	$	258,211	$	254,766	$	254,766	$	-	
Interest	$	6,000	$	6,000	$	6,003	$	3	
Total Revenues	$	264,211	$	260,766	$	260,769	$	3	

Expenditures:					
Interest Expense 11/1	$	82,726	$	82,726	$	82,726	$	-	
Principal Expense - 5/1	$	80,000	$	-	$	-	$	-	
Interest Expense - 5/1	$	82,726	$	-	$	-	$	-	
Total Expenditures	$	245,451	$	82,726	$	82,726	$	-	
					
Excess Revenues (Expenditures)	$	18,760		$	178,043		
					
Fund Balance - Beginning	$	161,143		$	285,721		
					
Fund Balance - Ending	$	179,902		$	463,765		

Adopted	Prorated Budget	Actual	
Budget	Thru 03/31/25	Thru 03/31/25	Variance	

Revenues:		
Assessments - Tax Roll	$	209,762	$	206,963	$	206,963	$	-	
Interest	$	5,000	$	4,711	$	4,711	$	-	
Total Revenues	$	214,762	$	211,674	$	211,674	$	-	

Expenditures:						
Interest Expense 11/1	$	77,869	$	77,869	$	77,869	$	-	
Principal Expense 11/1	$	55,000	$	55,000	$	55,000	$	-	
Interest Expense 5/1	$	76,700	$	-	$	-	$	-	
Total Expenditures	$	209,569	$	132,869	$	132,869	$	-	
						
Excess Revenues (Expenditures)	$	5,193		$	78,805			
						
Fund Balance - Beginning	$	159,358		$	266,125			
						
Fund Balance - Ending	$	164,551		$	344,931			

Revenues:

Interest	$	-	$	-	$	0	$	0

Total Revenues	$	-	$	-	$	0	$	0

Expenditures:

Capital Outlay

$	-	$

-	$	3,858	$

(3,858)

Fund Balance - Ending	$	-	$	-

Fund Balance - Beginning	$	-	$	3,858

Excess Revenues (Expenditures)	$	-	$	(3,858)

Total Expenditures	$	-	$	-	$	3,858	$	(3,858)

Revenues:

Interest	

$	

-	$	

-	$	

-	$	

-	
Total Revenues	$	-	$	-	$	-	$	-	

Expenditures:

Capital Outlay	

$	

-	$	

-	$	

-	$	

-	
Total Expenditures	$	-	$	-	$	-	$	-	

Other Financing Sources:

Transfer In/(Out)	

$	

-	$	

-	$	

-	$	

-	
Total Other Financing Sources (Uses)	$	-	$	-	$	-	$	-	
						
Excess Revenues (Expenditures)	$	-	$	-		
						
Fund Balance - Beginning	$	-	$	-		
						
Fund Balance - Ending	$	-	$	-		

Revenues:

Interest	

$	-	

$	

-	$	15	

$	15	
Total Revenues	$	-	$	-	$	15	$	15	

Expenditures:

Contingency	

$	-	

$	

-	$	-	

$	-	
Total Expenditures	$	-	$	-	$	-	$	-	

Other Financing Sources:

Transfer In/(Out)	

$	40,000	

$	

-	$	-	

$	-	
Total Other Financing Sources (Uses)	$	40,000	$	-	$	-	$	-	
					
Excess Revenues (Expenditures)	$	40,000		$	15		
					
Fund Balance - Beginning	$	9,275		$	29,384		
					
Fund Balance - Ending	$	49,275		$	29,398		

	Oct	Nov	Dec	Jan	Feb	March	April	May	June	July	Aug	Sept	Total	

Revenues:															
Assessments - Tax Roll	$	-  $	13,408  $	401,788  $	5,181  $	2,936  $	2,627  $	-  $	-  $	-  $	-  $	-  $	-  $	425,940	
Other Income	$	30  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	30	
Total Revenues	$	30  $	13,408  $	401,788  $	5,181  $	2,936  $	2,627  $	-  $	-  $	-  $	-  $	-  $	-  $	425,970	

Expenditures:															
General & Administrative:															
Supervisor Fees	$	600  $	400  $	-  $	-  $	200  $	1,600  $	-  $	-  $	-  $	-  $	-  $	-  $	2,800	
FICA Expense	$	-  $	-  $	-  $	-  $	15  $	122  $	-  $	-  $	-  $	-  $	-  $	-  $	138	
Engineering Fees	$	710  $	360  $	720  $	180  $	520  $	2,028  $	-  $	-  $	-  $	-  $	-  $	-  $	4,518	
Dissemination Agent	$	569  $	569  $	569  $	569  $	569  $	569  $	-  $	-  $	-  $	-  $	-  $	-  $	3,413	
Attorney Fees	$	2,345  $	962  $	1,028  $	1,787  $	3,216  $	1,807  $	-  $	-  $	-  $	-  $	-  $	-  $	11,145	
Assessment Administration	$	5,250  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	5,250	
Annual Audit	$	-  $	-  $	-  $	-  $	-  $	4,900  $	-  $	-  $	-  $	-  $	-  $	-  $	4,900	
Trustee Fees	$	-  $	3,717  $	-  $	-  $	-  $	4,041  $	-  $	-  $	-  $	-  $	-  $	-  $	7,758	
Management Fees	$	3,750  $	3,750  $	3,750  $	3,750  $	3,750  $	3,750  $	-  $	-  $	-  $	-  $	-  $	-  $	22,500	
Information Technology	$	158  $	158  $	158  $	158  $	158  $	158  $	-  $	-  $	-  $	-  $	-  $	-  $	945	
Website Maintenance	$	105  $	105  $	105  $	105  $	105  $	105  $	-  $	-  $	-  $	-  $	-  $	-  $	630	
Postage & Delivery	$	58  $	26  $	45  $	152  $	6  $	84  $	-  $	-  $	-  $	-  $	-  $	-  $	371	
Telephone	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	
Printing & Binding	$	-  $	-  $	48  $	-  $	5  $	10  $	-  $	-  $	-  $	-  $	-  $	-  $	63	
Insurance	$	7,296  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	7,296	
Legal Advertising	$	-  $	959  $	-  $	-  $	-  $	756  $	-  $	-  $	-  $	-  $	-  $	-  $	1,715	
Property Appraiser Fees	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	
Property Taxes	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	
Contingency	$	76  $	40  $	41  $	40  $	44  $	44  $	-  $	-  $	-  $	-  $	-  $	-  $	286	
Office Supplies	$	0  $	0  $	0  $	0  $	0  $	0  $	-  $	-  $	-  $	-  $	-  $	-  $	1	
Dues, Licenses & Fees	$	175  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	175	
Total General & Administrative:	$	21,092  $	11,046  $	6,463  $	6,741  $	8,589  $	19,972  $	-  $	-  $	-  $	-  $	-  $	-  $	73,902	

Oct	Nov	Dec	Jan	Feb	March	April	May	June	July	Aug	Sept	Total

Operation and Maintenance

Field Expenses Field Management Electric
Streetlights Property Insurance
Landscape Maintenance Landscape Replacement Irrigation Repairs
General Repairs & Maintenance Contingency

$
$
$
$
$
$
$
$
$
Subtotal $

696  $
464  $
1,855  $
5,064  $
-  $
18,000  $
4,905  $
1,600  $
-  $
32,584  $

696  $
475  $
1,846  $
-  $
4,905  $
-  $
141  $
927  $
-  $
8,989  $

696  $
425  $
1,834  $
-  $
4,905  $
-  $
123  $
5,699  $
-  $
13,682  $

696  $
493  $
1,866  $
-  $
4,905  $
-  $
87  $
9,945  $
-  $
17,991  $

696  $
502  $
1,845  $
-  $
4,905  $
-  $
139  $
675  $
-  $
8,761  $

696  $
471  $
1,841  $
-  $
4,905  $
-  $
497  $
-  $
-  $
8,410  $

-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $

-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $

-  $	4,174
-  $	2,829
-  $	11,088
-  $	5,064
-  $	24,525
-  $	18,000
-  $	5,892
-  $	18,845
-  $	-
-  $	90,418

Amenity Expenses
Inter-Governmental Expense Trash Collection
Pest Control

$
$
$
Subtotal $

-  $
166  $
-  $
166  $

-  $
175  $
-  $
175  $

-  $
166  $
-  $
166  $

-  $
181  $
-  $
181  $

-  $
181  $
-  $
181  $

-  $
233  $
-  $
233  $

-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $

-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $

-  $	-
-  $	1,102
-  $	-
-  $	1,102

Total O&M Expenses:	$	32,750  $	9,164  $	13,848  $	18,172  $	8,942  $	8,643  $	-  $	-  $	-  $	-  $	-  $	-  $	91,520

Total Expenditures	$	53,842  $	20,210  $	20,311  $	24,913  $	17,531  $	28,615  $	-  $	-  $	-  $	-  $	-  $	-  $  165,422

Other Financing Sources/Uses:

Transfer In/(Out)

$	-  $	-  $

-  $	-  $	-  $	-  $

-  $	-  $	-  $

-  $	-  $

-  $	-

Total Other Financing Sources/Uses	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-

Excess Revenues (Expenditures)	$	(53,812)  $	(6,802)  $	381,477  $	(19,731)  $	(14,595)  $	(25,988)  $	-  $	-  $	-  $	-  $	-  $	-  $  260,548

North Boulevard
COMMUNITY DEVELOPMENT DISTRICT
Special Assessment Receipts Fiscal Year 2025

ON ROLL ASSESSMENTS

Gross Assessments Net Assessments

$ 464,193.70  $
$ 431,700.14  $

277,646.12  $
258,210.89  $

225,550.48
209,761.95

$ 967,390.30
$ 899,672.98

48%	29%	23%	100%
Date	Distribution	Gross Amount	Discount/Penalty	Commission	Interest	Property Appraiser	Net Receipts	General Fund	2017 Debt Service	2019 Debt Service	Total	

11/13/24	
10/21/24	
$3,757.57	
($197.29)	
($71.21)	
$0.00	
$0.00	
$	3,489.07	
$  1,674.20	
$	1,001.38	
$	813.49	
$  3,489.07	
11/19/24	11/01-11/07/24	$9,925.92	($397.01)	($190.58)	$0.00	$0.00	$	9,338.33	$  4,480.92	$	2,680.15	$	2,177.26	$  9,338.33	
11/26/24	11/08-11/15/24	$16,014.60	($590.25)	($308.49)	$0.00	$0.00	$	15,115.86	$  7,253.21	$	4,338.33	$	3,524.32	$ 15,115.86	
12/06/24	11/16-11/26/24	$64,764.08	($2,590.48)	($1,243.47)	$0.00	$0.00	$	60,930.13	$ 29,236.78	$	17,487.27	$	14,206.08	$ 60,930.13	
12/07/24	Inv#4652129	$0.00	$0.00	$0.00	$0.00	($12,665.43)	$	(12,665.43)	$ (6,077.39)	$	(3,635.05)	$	(2,952.99)	$ (12,665.43)	
12/20/24	11/27/24-11/30/24	$825,297.68	($33,011.36)	($15,845.73)	$0.00	$0.00	$	776,440.59	$ 372,568.17	$	222,842.54	$	181,029.88	$ 776,440.59	
12/27/24	12/01/24-12/15/24	$13,356.38	($468.76)	($257.75)	$0.00	$0.00	$	12,629.87	$  6,060.33	$	3,624.84	$	2,944.70	$ 12,629.87	
01/10/25	12/16/24-12/31/24	$11,358.92	($340.78)	($220.36)	$0.00	$0.00	$	10,797.78	$  5,181.22	$	3,099.02	$	2,517.54	$ 10,797.78	
02/03/25	10/01/24-12/31/24	$0.00	$0.00	$0.00	$1,373.43	$0.00	$	1,373.43	$	659.03	$	394.18	$	320.22	$  1,373.43	
02/10/25	01/01/25-01/31/25	$4,991.44	($149.76)	($96.83)	$0.00	$0.00	$	4,744.85	$  2,276.77	$	1,361.80	$	1,106.28	$  4,744.85	
03/07/25	02/01/25-02/28/25	$5,610.82	($24.96)	($111.72)	$0.00	$0.00	$	5,474.14	$  2,626.72	$	1,571.11	$	1,276.32	$  5,474.15	

$

99%	Net Percent Collected
12,004.36	Balance Remaining to Collect

Total	$	955,077.41  $	(37,770.65)  $  (18,346.14)  $	1,373.43  $	(12,665.43)  $	887,668.62  $ 425,939.96  $	254,765.57  $	206,963.10  $ 887,668.63

North Boulevard
Community Development District Long Term Debt Report

Series 2017, Special Assessment Revenue Bonds	
Interest Rate:	3.500%, 4.100%, 4.625%, 5.000%	
Maturity Date:	5/1/2048	
Reserve Fund Definition	50% of Maximum Annual Debt Service	
Reserve Fund Requirement	$123,875	
Reserve Fund Balance	$123,875	
Bonds Outstanding - 10/16/2017	$4,965,000	
Less: Special Call Payment - 05/01/2018	($300,000)	
Less: Special Call Payment - 07/23/2018	($560,000)	
Less: Principal Payment - 05/01/2019	($265,000)	
Less: Principal Payment - 05/01/2020	($70,000)	
Less: Principal Payment - 05/01/2021	($70,000)	
Less: Special Call Payment - 11/01/2021	($5,000)	
Less: Principal Payment - 05/01/2022	($80,000)	
Less: Principal Payment - 11/01/2022	($5,000)	
Less: Principal Payment - 05/01/2023	($75,000)	
Less: Principal Payment - 05/01/2024	($75,000)	
Current Bonds Outstanding	$3,460,000	

Series 2019, Special Assessment Revenue Bonds	
Interest Rate:	4.250%, 4.750%, 5.500%, 5.625%	
Maturity Date:	11/1/2049	
Reserve Fund Definition	50% of Maximum Annual Debt Service	
Reserve Fund Requirement	$105,956	
Reserve Fund Balance	$105,956	
Bonds Outstanding - 11/01/2020	$4,335,000	
Less: Special Call Payment - 02/01/20	($605,000)	
Less: Special Call Payment - 08/01/20	($325,000)	
Less: Special Call Payment - 11/01/20	($170,000)	
Less: Special Call Payment - 02/01/21	($155,000)	
Less: Principal Payment - 05/01/21	($55,000)	
Less: Special Call Payment - 08/01/21	($5,000)	
Less: Principal Payment - 11/01/21	($65,000)	
Less: Principal Payment - 11/01/22	($55,000)	
Less: Principal Payment - 11/01/23	($50,000)	
Less: Principal Payment - 11/01/24	($55,000)	
Current Bonds Outstanding	$2,795,000	

Section 3

Melony Bell
Supervisor of Elections�
t	t	t	I• 

April 15, 2025

Brittany Brookes - Recording Secretary North Boulevard CDD
219 E. Livingston Street Orlando, Florida 32801-1508

RE: North Boulevard Community Development District Registered Voters

Dear Ms. Brookes,

In response to your request, there are currently 629 voters within the North Boulevard Community Development District. This number of registered voters in said District is as of April 15, 2025.

Please do not hesitate to contact us if we can be of further assistance.

Sincerely,

Melony M. Bell Supervisor of Elections Polk County, Florida

P.O. Box 1460, Bartow, FL 33831 • Phone: (863) 534-5888
PolkElections.gov

Para asistencia en Espanol, por favor de llamar al (863) 534-5888