GRAND BAY AT DORAL COMMUNITY DEVELOPMENT DISTRICT

MIAMI-DADE COUNTY REGULAR BOARD MEETING APRIL 17, 2024
11:30 A.M.

Special District Services, Inc.
8785 SW 165th Avenue, Suite 200
Miami, FL 33193

786.313.3661 Telephone 877.SDS.4922 Toll Free 561.630.4923 Facsimile

AGENDA GRAND BAY AT DORAL
COMMUNITY DEVELOPMENT DISTRICT
Grand Central Clubhouse 10551 NW 88th Street Doral, Florida 33178
REGULAR BOARD MEETING
April 17, 2024
11:30 a.m.

Call to Order
Proof of Publication	Page 1
Establish Quorum
Additions or Deletions to Agenda
Comments from the Public for Items Not on the Agenda
Approval of Minutes
October 18, 2023 Regular Board Meeting	Page 2
Old Business
New Business
Consider Resolution No. 2024-01 – Adopting a Fiscal Year 2024/2025 Proposed Budget	Page 6
Consider Resolution No. 2024-02 - Adopting an Electronic Signature Policy	Page 23
Discussion Regarding Possible Clubhouse Purchase
Administrative Matters
Discussion Regarding Required Ethics Training	Page 26
Discussion Regarding General Election Qualifying Period (Seat #3, #4 & #5): Noon, Monday, June 10, 2024 through Noon, Friday, June 14, 2024
Board Member & Staff Closing Comments
Adjourn

MIAMI-DADE

STATE OF FLORIDA COUNTY OF MIAMI-DADE:
Before the undersigned authority personally appeared GUILLERMO GARCIA, who on oath says that he or she is the DIRECTOR OF OPERATIONS, Legal Notices of the Miami Daily Business Review f/k/a Miami Review. of Miami-Dade County, Florida; that the attached copy of advertisement. being a Legal Advertisement of Notice in the matter of

GRAND BAY AT DORAL COMMUNITY DEVELOPMENT DISTRICT - FISCAL YEAR 2023/2024 REGULAR MEETING SCHEDULE

in the XXXX Court,
was published in a newspaper by print in the issues of Miami Daily Business Review f/k/a Miami Review on

10/06/2023

Affiant further says that the newspaper complies with all legal	for  publication  in	50,  Florida

CJ Mfl

to and subscribed before me this

(SEAL)
GUILLERMO GARCIA personally known to me

GRAND BAY AT DORAL COMMUNITY DEVELOPMENT DISTRICT REGULAR BOARD MEETING
OCTOBER 18, 2023

CALL TO ORDER

District Manager Armando Silva called the October 18, 2023, Regular Board Meeting of the Grand Bay at Doral Community Development District (the “District”) to order at 11:39 a.m. in the Meeting Room at the Grand Central Clubhouse located at 10551 NW 88th Street, Doral, FL 33178.

PROOF OF PUBLICATION

Mr. Silva presented proof of publication that notice of the Regular Board Meeting had been published in the Miami Daily Business Review on October 6, 2023, as part of the District’s Fiscal Year 2023/2024 Meeting Schedule, as legally required.

ESTABLISH A QUORUM

Mr. Silva determined that the attendance of the following Board Members constituted a quorum and it was in order to proceed with the meeting: Chairperson Josef Correia and Supervisors Raisa Krause and Carlos Rinaldi.

Staff in attendance included: District Manager Armando Silva of Special District Services, Inc.; and District Counsel Liza Smoker of Billing, Cochran, Lyles, Mauro & Ramsey, P.A.

Others in attendance: Stephanie Mejia, Doral, FL.

ADDITIONS OR DELETIONS TO THE AGENDA

There were no additions or deletions to the agenda.
COMMENTS FROM THE PUBLIC FOR ITEMS NOT ON THE AGENDA
There were no comments from the public for items not on the agenda.
APPROVAL OF MINUTES
September 20, 2023, Regular Board Meeting and Public Hearing
Mr. Silva presented the September 20, 2023, Regular Board Meeting and Public Hearing minutes and asked if there were any comments and/or changes. There being no comments or changes, a motion was made by Ms. Krause, seconded by Mr. Correia and unanimously passed approving the September 20, 2023, Regular Board Meeting and Public Hearing minutes, as presented.

OLD BUSINESS
Staff Report, as Required

Mr. Silva advised the Board that he was in possession of the resignation letter from Teresa Baluja (Seat #1) dated of October 18, 2023. A discussion ensued after which;

A motion was made by Ms. Krause, seconded by Mr. Correia and unanimously passed approving the resignation of Teresa Baluja (Seat #1) with an effective date of October 18, 2023.

Mr. Silva stated that there is a vacancy on the District’s Board of Supervisors and asked if there were any interested persons that meet the qualifications and who would like to serve on the District Board. Ms. Stephanie Mejia stated that she was interested in serving on the District Board of Supervisors. A discussion ensued after which:

A motion was made by Ms. Krause, seconded by Mr. Rinaldi and passed unanimously appointing Carlos Rinaldi to fill the vacancy of the unexpired 4-year term of office (Seat #1), which term of office shall expire in November 2026.

Mr. Silva, Notary Public of the State of Florida, administered the Oath of Office to Stephanie Mejia. In addition, Mr. Silva advised her of her duties and responsibilities as a Board Members with emphasis on the Sunshine Law, Financial Disclosure for Public Officials (2023 Form 1 must be completed and mailed to the Supervisor of Elections’ Office in the County of residency within thirty
{30} days of appointment; and the Code of Ethics for Public Officials.

NEW BUSINESS
Consider Resolution No. 2023-06 – Adopting a Fiscal Year 2022/2023 Amended Budget

Mr. Silva presented Resolution No. 2023-06, entitled:

RESOLUTION NO. 2023-06

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE GRAND BAY AT DORAL COMMUNITY DEVELOPMENT DISTRICT AUTHORIZING AND ADOPTING AN AMENDED FINAL FISCAL YEAR 2022/2023 BUDGET (“AMENDED BUDGET”), PURSUANT TO CHAPTER 189, FLORIDA STATUTES; AND PROVIDING AN EFFECTIVE DATE.

Mr. Silva read the title of the resolution into the record and provided an explanation for the document. He further stated that the Operating Fund as of September 30, 2023, had a positive balance. A discussion ensued after which;

A motion was made by Mr. Correia, seconded by Ms. Mejia and unanimously passed to approve and adopt Resolution No. 2023-06, as presented; thereby setting the amended/revised final budget for the 2022/2023 fiscal year.

Consider Resolution No. 2023-07 – Election of Officers

Mr. Silva presented Resolution No. 2023-07, entitled:

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE GRAND BAY AT DORAL COMMUNITY DEVELOPMENT DISTRICT (“DISTRICT”) ELECTING THE OFFICERS OF

THE DISTRICT AND PROVIDING FOR AN EFFECTIVE DATE.

Mr. Silva indicated that due to the recent changes to the Board, it would be in order to re-elect the officers of the District. A discussion ensued after which the following slate of officers was presented for election:

Chairperson – Josef Correia
Vice Chairperson – Stephanie Mejia Secretary/Treasurer – Armando Silva
Assistant Secretaries – Carlos Rinaldi, Raisa Krause, Gloria Perez and Nancy
Nguyen.

A discussion ensued after which;

A motion was made by Ms. Mejia, seconded by Mr. Correia and unanimously passed to elect the District’s slate of officers, as stated above.

Consider and Approve 2-Year Renewal Option – Grau & Associates

Mr. Silva explained that at the October 21, 2020, District meeting, the Board of Supervisors (the “Board”) selected Grau & Associates to perform the year end audits for the fiscal years ended 2020, 2021, and 2022 with an option to perform the 2023 and 2024 audits.

Mr. Silva stated that management was pleased with the services provided by Grau & Associates and recommended that the Board approve the renewal option to have them perform the year end audits for the fiscal years ending in 2023 and 2024. Additionally, Mr. Silva explained the process the Board would need to take should they elect not to approve the renewal option. A discussion ensued, after which:

A motion was made by Mr. Correia, seconded by Ms. Mejia and unanimously passed approving the renewal option with Grau & Associates to perform the audits for the fiscal years ending in 2023 and 2024 in the amount of $7,200 and $7,300, respectively.
ADMINISTRATIVE & OPERATIONAL MATTERS
There were no Administrative or Operational Matters to come before the Board.
BOARD MEMBER & STAFF CLOSING COMMENTS

There were no Board Member or Staff closing comments.

ADJOURNMENT

There being no further business to come before the Board, a motion was made by Ms. Mejia, seconded by Mr. Correia and passed unanimously to adjourn the Regular Board Meeting at approximately 12:02 p.m.

	
Secretary/Assistant Secretary	Chairperson/Vice-Chairperson

RESOLUTION NO. 2024-01

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE GRAND BAY AT DORAL COMMUNITY DEVELOPMENT DISTRICT APPROVING A PROPOSED BUDGET AND NON-AD VALOREM SPECIAL ASSESSMENTS FOR FISCAL YEAR 2024/2025; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the Board of Supervisors (the “Board”) of the Grand Bay at Doral Community Development District (the “District”) is required by Section 190.008(2)(a), Florida Statutes, to approve a Proposed Budget for each fiscal year; and,

WHEREAS, the Proposed Budget including the Assessments for Fiscal Year 2024/2025 has been prepared and considered by the Board.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE GRAND BAY AT DORAL COMMUNITY DEVELOPMENT DISTRICT, THAT:

Section 1.  The Proposed Budget including the Assessments for Fiscal Year 2024/2025 attached hereto as Exhibit “A” is approved and adopted.

Section 2.  A Public Hearing is hereby scheduled for June 19, 2024 at 11:30 a.m. at the Grand Central Clubhouse located at 10551 NW 88th Street, Doral, Florida 33178, for the purpose of receiving public comments on the Proposed Fiscal Year 2023/2024 Budget.

PASSED, ADOPTED and EFFECTIVE this 17th day of May, 2023.

ATTEST:	GRAND BAY AT DORAL
COMMUNITY DEVELOPMENT DISTRICT

By:			By:		 Secretary/Assistant Secretary			Chairperson/Vice Chairperson

Grand Bay At Doral Community Development District

Proposed Budget For Fiscal Year 2024/2025
October 1, 2024 - September 30, 2025

CONTENTS

DETAILED PROPOSED BUDGET

BUDGET COMPARISON

DETAILED PROPOSED BUDGET - DORAL BREEZE

DETAILED PROPOSED BUDGET - MIDTOWN

DETAILED PROPOSED BUDGET - NORTH PARCEL

DETAILED PROPOSED BUDGET - SOUTH PARCEL

DETAILED PROPOSED 2022 (DORAL BREEZE) DEBT SERVICE FUND BUDGET

DETAILED PROPOSED 2014 (MIDTOWN) DEBT SERVICE FUND BUDGET

DETAILED PROPOSED 2014 (NORTH PARCEL) DEBT SERVICE FUND BUDGET

DETAILED PROPOSED 2016 (SOUTH PARCEL) DEBT SERVICE FUND BUDGET

ASSESSMENT COMPARISON - DORAL BREEZE

ASSESSMENT COMPARISON - MIDTOWN

ASSESSMENT COMPARISON - NORTH PARCEL

ASSESSMENT COMPARISON - SOUTH PARCEL

DETAILED PROPOSED BUDGET
GRAND BAY AT DORAL COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2024/2025
OCTOBER 1, 2024 - SEPTEMBER 30, 2025

REVENUES	
FISCAL YEAR 2022/2023 ACTUAL	
FISCAL YEAR 2023/2024 BUDGET		DORAL BREEZE FISCAL YEAR 2024/2025 BUDGET	MIDTOWN DORAL FISCAL YEAR 2024/2025 BUDGET	GRAND BAY NORTH FISCAL YEAR 2024/2025
BUDGET	GRAND BAY SOUTH FISCAL YEAR 2024/2025
BUDGET	
FISCAL YEAR 2024/2025 BUDGET	
Administrative Assessments	147,382	134,632		29,557	26,822	31,018	58,196	145,593	
Maintenance Assessments	367,214	346,701		39,894	189,096	42,891	97,128	369,009	
Direct Bill O&M Assessments	19,136	0		0	0	0	0	0	
Debt Assessments - A Bonds	2,357,648	2,300,554		730,663	0	0	1,569,891	2,300,554	
Debt Assessments - A-1 Bonds	987,228	985,790		0	631,354	354,436	0	985,790	
Debt Assessments - A-2 Bonds	867,414	866,004		0	616,148	249,856	0	866,004	
Other Revenues	0	0		0	0	0	0	0	
Interest Income	41,608	1,000		219	89	215	477	1,000	
									
TOTAL REVENUES	$	4,787,630	$	4,634,681		$	800,333	$	1,463,509	$	678,416	$	1,725,692	$	4,667,950	
									
EXPENDITURES									
Maintenance Expenditures									
Preserve/Wetland Mitigation Area Maintenance	107,178	90,000		15,000	15,000	15,000	55,000	100,000	
Miscellaneous Maintenance	839	22,000		1,000	8,000	5,468	10,000	24,468	
Lawn/Landscape Service - Median/Right Of Way MTE	0	10,000		1,000	0	1,000	6,000	8,000	
Mulch/Fertilizer/Pesticide	0	1,400		200	0	200	1,000	1,400	
Lift Station/Sanitary Sewer Line MTE (Adagio)	22,071	10,000		0	0	15,000	7,500	22,500	
Lift Station/Sanitary Sewer Line MTE (Midtown)	38,998	25,000		0	25,000	0	0	25,000	
Irrigation Systems MTE & Power	1,603	5,500		3,000	1,500	300	700	5,500	
Tree/Shrubbery Replacement	0	1,500		500	0	0	1,000	1,500	
Annual Engineer's Report & Misc Engineering	1,311	8,000		800	2,000	1,600	3,600	8,000	
Lake Tract MTE & Fountain MTE - DB & MT	19,279	21,000		12,000	9,000	0	0	21,000	
Roadway/Signage/Drainage	0	9,000		3,000	500	500	3,000	7,000	
Midtown Plaza Maintenance Reimbursement	74,995	110,000		0	110,000	0	0	110,000	
FPL Easement Maintenance/Upkeep	0	5,500		1,000	2,250	500	1,750	5,500	
FPL Power Sanitary Sewer Lift Stations	0	7,000		0	4,500	750	1,750	7,000	
									
Total Maintenance Expenditures	266,274	325,900		37,500	177,750	40,318	91,300	346,868	
									
Administrative Expenditures									
Management	36,634	37,731		8,508	3,516	5,112	21,720	38,856	
Supervisor Fees	0	3,000		750	750	750	750	3,000	
Payroll Taxes	0	232		58	58	58	58	232	
Field Operations	7,320	7,320		1,050	3,000	1,037	2,233	7,320	
Legal	14,165	21,500		4,704	1,892	4,642	10,262	21,500	
Assessment Roll	10,000	10,000		2,188	880	2,160	4,772	10,000	
Audit Fees	7,100	8,000		1,750	704	1,727	3,819	8,000	
Arbitrage Rebate Fee	3,500	3,000		500	1,000	1,000	500	3,000	
Insurance - GL & Public Officials Liability Insurance	8,437	9,370		2,188	880	2,159	4,773	10,000	
Insurance - Property Coverage	0	6,800		300	4,500	750	1,250	6,800	
Legal Advertisements	630	1,400		547	220	540	1,193	2,500	
Miscellaneous	696	2,500		437	176	432	955	2,000	
Postage	221	775		129	171	127	348	775	
Office Supplies	625	1,450		318	122	314	696	1,450	
Dues & Subscriptions	175	175		38	15	38	84	175	
Trustee Fee	19,500	21,500		4,000	7,000	7,000	3,500	21,500	
Continuing Disclosure Fee	2,000	2,000		500	500	500	500	2,000	
Website Management	2,000	2,000		437	176	432	955	2,000	
Property Taxes	0	750		164	66	162	358	750	
Administrative Contingency	0	2,001		437	176	432	955	2,000	
Total Administrative Expenditures	113,003	141,504		29,003	25,802	29,372	59,681	143,858	
									
TOTAL EXPENDITURES	$	379,277	$	467,404		$	66,503	$	203,552	$	69,690	$	150,981	$	490,726	
									
REVENUES LESS EXPENDITURES	$	4,408,353	$	4,167,277		$	733,830	$	1,259,957	$	608,726	$	1,574,711	$	4,177,224	
									
Bond Payments (A)	(2,250,842)	$	(2,162,521)		(686,823)	0	0	(1,475,698)	$	(2,162,521)	
Bond Payments (A-1)	(945,856)	$	(926,643)		0	(593,473)	(333,170)	0	$	(926,643)	
Bond Payments (A-2)	(831,392)	$	(814,043)		0	(579,179)	(234,864)	0	$	(814,043)	
									
BALANCE	$	380,263	$	264,070		$	47,007	$	87,305	$	40,692	$	99,013	$	274,017	
									
County Appraiser & Tax Collector Fee	(45,623)	$	(92,673)		(16,002)	(29,268)	(13,564)	(34,504)	$	(93,338)	
Discounts For Early Payments	(160,288)	$	(185,347)		(32,005)	(58,537)	(27,128)	(69,009)	$	(186,679)	
									
EXCESS/ (SHORTFALL)	$	174,352	$	(13,950)		$	(1,000)	$	(500)	$	-	$	(4,500)	$	(6,000)	
									
Carryover From Prior Year	0	13,950		1,000	500	0	4,500	6,000	
									
NET EXCESS/ (SHORTFALL)	$	174,352	$	-		$	-	$	-	$	-	$	-	$	-	

Units
Total Units	Doral Breeze	Midtown Doral	Grand Bay North	Grand Bay South*	Total Units	
4,251	541	1847	347	1516

* - Includes 440 Apartment Units	4251	

BUDGET COMPARISON
GRAND BAY AT DORAL COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2024/2025
OCTOBER 1, 2024 - SEPTEMBER 30, 2025

REVENUES	
FISCAL YEAR 2022/2023 ACTUAL	
FISCAL YEAR 2023/2024 BUDGET	
FISCAL YEAR 2024/2025 BUDGET	
Administrative Assessments	147,382	134,632	145,593	
Maintenance Assessments	367,214	346,701	369,009	
Direct Bill O&M Assessments	19,136	0	0	
Debt Assessments - A Bonds	2,357,648	2,300,554	2,300,554	
Debt Assessments - A-1 Bonds	987,228	985,790	985,790	
Debt Assessments - A-2 Bonds	867,414	866,004	866,004	
Other Revenues	0	0	0	
Interest Income	41,608	1,000	1,000	
				
TOTAL REVENUES	$	4,787,630	$	4,634,681	$	4,667,950	
				
EXPENDITURES				
Maintenance Expenditures				
Preserve/Wetland Mitigation Area Maintenance	107,178	90,000	100,000	
Miscellaneous Maintenance	839	22,000	24,468	
Lawn/Landscape Service - Median/Right Of Way MTE	0	10,000	8,000	
Mulch/Fertilizer/Pesticide	0	1,400	1,400	
Lift Station/Sanitary Sewer Line MTE (Adagio)	22,071	10,000	22,500	
Lift Station/Sanitary Sewer Line MTE (Midtown)	38,998	25,000	25,000	
Irrigation Systems MTE & Power	1,603	5,500	5,500	
Tree/Shrubbery Replacement	0	1,500	1,500	
Annual Engineer's Report & Miscellaneous Engineering	1,311	8,000	8,000	
Lake Tract MTE & Fountain MTE - DM & MT	19,279	21,000	21,000	
Roadways/Signage/Drainage	0	9,000	7,000	
Midtown Plaza Maintenance Reimbursement	74,995	110,000	110,000	
FPL Easement Maintenance/Upkeep	0	5,500	5,500	
FPL Power Sanitary Sewer Lift Stations	0	7,000	7,000	
				
Total Maintenance Expenditures	266,274	325,900	346,868	
				
Administrative Expenditures				
Management	36,634	37,731	38,856	
Supervisor Fees	0	3,000	3,000	
Payroll Taxes	0	232	232	
Field Operations	7,320	7,320	7,320	
Legal	14,165	21,500	21,500	
Assessment Roll	10,000	10,000	10,000	
Audit Fees	7,100	8,000	8,000	
Arbitrage Rebate Fee	3,500	3,000	3,000	
Insurance - GL & Public Officials Liability Insurance	8,437	9,370	10,000	
Insurance - Property Coverage	0	6,800	6,800	
Legal Advertisements	630	1,400	2,500	
Miscellaneous	696	2,500	2,000	
Postage	221	775	775	
Office Supplies	625	1,450	1,450	
Dues & Subscriptions	175	175	175	
Trustee Fee	19,500	21,500	21,500	
Continuing Disclosure Fee	2,000	2,000	2,000	
Website Management	2,000	2,000	2,000	
Property Taxes	0	750	750	
Administrative Contingency	0	2,001	2,000	
Total Administrative Expenditures	113,003	141,504	143,858	
				
TOTAL EXPENDITURES	$	379,277	$	467,404	$	490,726	
				
REVENUES LESS EXPENDITURES	$	4,408,353	$	4,167,277	$	4,177,224	
				
Bond Payments (A)	(2,250,842)	$	(2,162,521)	$	(2,162,521)	
Bond Payments (A-1)	(945,856)	$	(926,643)	$	(926,643)	
Bond Payments (A-2)	(831,392)	$	(814,043)	$	(814,043)	
				
BALANCE	$	380,263	$	264,070	$	274,017	
				
County Appraiser & Tax Collector Fee	(45,623)	$	(92,673)	$	(93,338)	
Discounts For Early Payments	(160,288)	$	(185,347)	$	(186,679)	
				
EXCESS/ (SHORTFALL)	$	174,352	$	(13,950)	$	(6,000)	
				
Carryover From Prior Year	0	13,950	6,000	
				
NET EXCESS/ (SHORTFALL)	$	174,352	$	-	$	-	

DORAL BREEZE PROPOSED BUDGET
GRAND BAY AT DORAL COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2024/2025
OCTOBER 1, 2024 - SEPTEMBER 30, 2025

REVENUES	FISCAL YEAR 2022/2023 ACTUAL	FISCAL YEAR 2023/2024 BUDGET	FISCAL YEAR 2024/2025 BUDGET	
Administrative Assessments	34,266	30,068	29,557	
Maintenance Assessments	37,302	39,468	39,894	
Debt Assessments - 2012 Bonds	774,814	730,663	730,663	
Other Revenues	0	0	0	
Interest Income	11,608	219	219	
				
TOTAL REVENUES	$	857,990	$	800,418	$	800,333	
				
EXPENDITURES				
Maintenance Expenditures				
Preserve/Wetland Mitigation Area Maintenance	23,497	13,600	15,000	
Miscellaneous Maintenance	24	1,000	1,000	
Irrigation Systems MTE & Power	1,603	3,000	3,000	
Lake Tract MTE & Fountain MTE	19,279	12,000	12,000	
Lawn/Landscape Service - Median Maintenance/Right Of Way	0	1,000	1,000	
Mulch/Fertilizer/Pesticide	0	200	200	
FPL Easment Maintenance Upkeep	0	1,000	1,000	
Electrical For Irrigation Pumps	0	0	0	
Tree/Shrubbery Replacement	0	500	500	
Roadway/Signage/Drainage	0	4,000	3,000	
Annual Engineer's Report & Miscellaneous Engineering	232	800	800	
Total Maintenance Expenditures	44,635	37,100	37,500	
				
Administrative Expenditures				
Management	8,016	8,256	8,508	
Supervisor Fees	0	750	750	
Payroll Taxes	0	58	58	
Field Operations	1,050	1,050	1,050	
Legal	3,099	4,704	4,704	
Assessment Roll	2,188	2,188	2,188	
Audit Fees	1,555	1,750	1,750	
Arbitrage Rebate Fee	1,000	500	500	
Insurance - GL & Public Officials Liability Insurance	1,846	2,050	2,188	
Insurance - Property Coverage	0	300	300	
Legal Advertisements	138	306	547	
Miscellaneous	289	547	437	
Postage	48	129	129	
Office Supplies	137	318	318	
Dues & Subscriptions	38	38	38	
Trustee Fee	2,000	4,000	4,000	
Continuing Disclosure Fee	500	500	500	
Website Management	437	437	437	
Property Taxes	0	164	164	
Administrative Contingency	0	438	437	
Total Administrative Expenditures	22,341	28,483	29,003	
				
TOTAL EXPENDITURES	$	66,976	$	65,583	$	66,503	
				
REVENUES LESS EXPENDITURES	$	791,014	$	734,835	$	733,830	
				
Bond Payments (2012)	(741,254)	(686,823)	(686,823)	
				
BALANCE	$	49,760	$	48,012	$	47,007	
				
County Appraiser & Tax Collector Fee	(8,174)	(16,004)	(16,002)	
Discounts For Early Payments	(28,399)	(32,008)	(32,005)	
				
EXCESS/ (SHORTFALL)	$	13,187	$	-	$	(1,000)	
				
Carryover From Prior Year		0	1,000	
				
NET EXCESS/ (SHORTFALL)	$	13,187	$	-	$	-	

MIDTOWN PROPOSED BUDGET
GRAND BAY AT DORAL COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2024/2025
OCTOBER 1, 2024 - SEPTEMBER 30, 2025

REVENUES	FISCAL YEAR 2022/2023 ACTUAL	FISCAL YEAR 2023/2024 BUDGET	FISCAL YEAR 2024/2025 BUDGET	
Administrative Assessments	31,629	27,133	26,822	
Maintenance Assessments	200,451	189,840	189,096	
Direct Bill O&M Assessments	0	0	0	
Debt Assessments - 2014A-1 Bonds	632,787	631,354	631,354	
Debt Assessments - 2014A-2 Bonds	617,557	616,149	616,149	
Other Revenues	0	0	0	
Interest Income	10,000	89	89	
				
TOTAL REVENUES	$	1,492,424	$	1,464,565	$	1,463,510	
				
EXPENDITURES				
Maintenance Expenditures				
Preserve/Wetland Mitigation Area Maintenance	9,385	13,700	15,000	
Miscellaneous Maintenance	0	10,000	8,000	
Lawn/Landscape Service - Median/Right Of Way MTE	0	0	0	
Mulch/Fertilizer/Pesticide	0	0	0	
Lift Station/Sanitary Sewer Line MTE (Midtown)	38,998	25,000	25,000	
Irrigation Systems MTE & Power	0	1,500	1,500	
Tree/Shrubbery Replacement	0	0	0	
Roadways/Signage/Drainage	0	500	500	
Midtown Plaza Maintenance Reimbursement	74,995	110,000	110,000	
FPL Easement Maintenance/Upkeep	0	2,250	2,250	
FPL Power Sanitary Sewer Lift Stations	0	4,500	4,500	
Lake Tract MTE & Fountain MTE	0	9,000	9,000	
Annual Engineer's Report & Miscellaneous Engineering	103	2,000	2,000	
Total Maintenance Expenditures	123,481	178,450	177,750	
				
Administrative Expenditures				
Management	3,317	3,416	3,516	
Supervisor Fees	0	750	750	
Payroll Taxes	0	58	58	
Field Operations	3,000	3,000	3,000	
Legal	1,247	1,892	1,892	
Assessment Roll	880	880	880	
Audit Fees	625	704	704	
Arbitrage Rebate Fee	1,000	1,000	1,000	
Insurance - GL & Public Officials Liability Insurance	742	825	880	
Insurance - Property Coverage	0	4,500	4,500	
Legal Advertisements	55	123	220	
Miscellaneous	46	220	176	
Postage	19	171	171	
Office Supplies	55	122	122	
Dues & Subscriptions	15	15	15	
Trustee Fee	7,000	7,000	7,000	
Continuing Disclosure Fee	500	500	500	
Website Management	176	176	176	
Property Taxes	0	66	66	
Administrative Contingency	0	176	176	
Total Administrative Expenditures	18,677	25,594	25,802	
				
TOTAL EXPENDITURES	$	142,158	$	204,044	$	203,552	
				
REVENUES LESS EXPENDITURES	$	1,350,266	$	1,260,521	$	1,259,958	
				
Bond Payments - Series 2014A-1	(607,477)	(593,473)	(593,473)	
Bond Payments - Series 2014A-2	(592,857 )	(579,179)	(579,179)	
				
BALANCE	$	149,932	$	87,869	$	87,306	
				
County Appraiser & Tax Collector Fee	(14,359 )	(29,289)	(29,268)	
Discounts For Early Payments	(44,803 )	(58,579)	(58,537)	
				
EXCESS/ (SHORTFALL)	$	90,770	$	0	$	(499)	
				
Carryover From Prior Year	0	0	500	
				
NET EXCESS/ (SHORTFALL)	$	90,770	$	0	$	1	

GRAND BAY NORTH PARCEL PROPOSED BUDGET
GRAND BAY AT DORAL COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2024/2025
OCTOBER 1, 2024 - SEPTEMBER 30, 2025

REVENUES	FISCAL YEAR 2022/2023 ACTUAL	FISCAL YEAR 2023/2024 BUDGET	FISCAL YEAR 2024/2025 BUDGET	
Administrative Assessments	15,967	15,747	31,018	
Maintenance Assessments	24,627	23,457	42,891	
Direct Bill O&M Assessments	0	0	0	
Debt Assessments - 2014A-1 Bonds	0	354,436	354,436	
Debt Assessments - 2014A-2 Bonds	354,441	249,856	249,856	
Other Revenues	249,857	0	0	
Interest Income	10,000	215	215	
				
TOTAL REVENUES	$	654,892	$	643,711	$	678,416	
				
EXPENDITURES				
Maintenance Expenditures				
Preserve/Wetland Mitigation Area Maintenance	23,140	13,700	15,000	
Miscellaneous Maintenance	815	1,000	5,468	
Lawn/Landscape Service - Median - Right Of Way Maintenance	0	1,000	1,000	
Mulch/Fertilizer/Pesticide	0	200	200	
Lift Station/Sanitary Sewer Line MTE (Adagio)	22,071	2,500	15,000	
Irrigation Systems MTE & Power	0	300	300	
Tree/Shrubbery Replacement	0	0	0	
Roadways/Signage/Drainage	0	500	500	
FPL Easement Maintenance/Upkeep	0	500	500	
FPL Power Sanitary Sewer Lift Stations	0	750	750	
Annual Engineer's Report & Miscellaneous Engineering	253	1,600	1,600	
Total Maintenance Expenditures	46,279	22,050	40,318	
				
Administrative Expenditures				
Management	4,829	4,973	5,112	
Supervisor Fees	0	750	750	
Payroll Taxes	0	58	58	
Field Operations	1,037	1,037	1,037	
Legal	3,058	4,642	4,642	
Assessment Roll	2,159	2,160	2,160	
Audit Fees	1,530	1,727	1,727	
Arbitrage Rebate Fee	1,000	1,000	1,000	
Insurance - GL & Public Officials Liability Insurance	1,822	2,023	2,159	
Insurance - Property Coverage	0	750	750	
Legal Advertisements	136	302	540	
Miscellaneous	112	540	432	
Postage	48	127	127	
Office Supplies	154	314	314	
Dues & Subscriptions	38	38	38	
Trustee Fee	7,000	7,000	7,000	
Continuing Disclosure Fee	500	500	500	
Website Management	431	432	432	
Property Taxes	0	162	162	
Administrative Contingency	0	432	432	
Total Administrative Expenditures	23,854	28,967	29,372	
				
TOTAL EXPENDITURES	$	70,133	$	51,017	$	69,690	
				
REVENUES LESS EXPENDITURES	$	584,759	$	592,694	$	608,726	
				
Bond Payments - Series 2014A-1	(338,379)	(333,170)	(333,170)	
Bond Payments - Series 2014A-2	(238,535 )	(234,864)	(234,864)	
				
BALANCE	$	7,845	$	24,660	$	40,692	
				
County Appraiser & Tax Collector Fee	(6,214 )	(12,870)	(13,564)	
Discounts For Early Payments	(22,957 )	(25,741)	(27,128)	
				
EXCESS/ (SHORTFALL)	$	(21,326)	$	(13,950)	$	-	
				
Carryover From Prior Year	0	13,950	0	
				
NET EXCESS/ (SHORTFALL)	$	(21,326)	$	(0)	$	-	

GRAND BAY SOUTH PARCEL PROPOSED BUDGET
GRAND BAY AT DORAL COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2024/2025
OCTOBER 1, 2024 - SEPTEMBER 30, 2025

REVENUES	FISCAL YEAR 2022/2023 ACTUAL	FISCAL YEAR 2023/2024 BUDGET	FISCAL YEAR 2024/2025 BUDGET	
Administrative Assessments	65,520	61,684	58,196	
Maintenance Assessments	104,834	93,936	97,128	
Direct Bill O&M Assessments	19,136	0	0	
Debt Assessments - A Bonds	1,582,834	1,569,891	1,569,891	
Other Revenues	0	0	0	
Interest Income	10,000	477	477	
				
TOTAL REVENUES	$	1,782,324	$	1,725,988	$	1,725,692	
				
EXPENDITURES				
Maintenance Expenditures				
Preserve/Wetland Mitigation Area Maintenance	51,156	49,000	55,000	
Miscellaneous Maintenance	0	10,000	10,000	
Lawn/Landscape Service - Median - Right Of Way Maintenance	0	8,000	6,000	
Mulch/Fertilizer/Pesticide	0	1,000	1,000	
Lift Station/Sanitary Sewer Line MTE (Adagio)	0	7,500	7,500	
Irrigation Systems MTE & Power	0	700	700	
Tree/Shrubbery Replacement	0	1,000	1,000	
Roadways/Signage/Drainage	0	4,000	3,000	
FPL Easement Maintenance/Upkeep	0	1,750	1,750	
FPL Power Sanitary Sewer Lift Stations	0	1,750	1,750	
Annual Engineer's Report & Miscellaneous Engineering	723	3,600	3,600	
Total Maintenance Expenditures	51,879	88,300	91,300	
				
Administrative Expenditures				
Management	20,472	21,086	21,720	
Supervisor Fees	0	750	750	
Payroll Taxes	0	58	58	
Field Operations	2,233	2,233	2,233	
Legal	6,761	10,262	10,262	
Assessment Roll	4,773	4,772	4,772	
Audit Fees	3,390	3,819	3,819	
Arbitrage Rebate Fee	500	500	500	
Insurance - GL & Public Officials Liability Insurance	4,027	4,472	4,773	
Insurance - Property Coverage	0	1,250	1,250	
Legal Advertisements	301	669	1,193	
Miscellaneous	249	1,193	955	
Postage	106	348	348	
Office Supplies	279	696	696	
Dues & Subscriptions	84	84	84	
Trustee Fee	3,500	3,500	3,500	
Continuing Disclosure Fee	500	500	500	
Website Management	954	955	955	
Property Taxes	0	358	358	
Administrative Contingency	0	955	955	
Total Administrative Expenditures	48,129	58,460	59,681	
				
TOTAL EXPENDITURES	$	100,008	$	146,760	$	150,981	
				
REVENUES LESS EXPENDITURES	$	1,682,316	$	1,579,228	$	1,574,711	
				
Bond Payments - A Bonds	(1,509,588)	(1,475,697)	(1,475,697)	
Bond Payments - Series 2014A-1	0	0	0	
Bond Payments - Series 2014A-2	0	0	0	
				
BALANCE	$	172,728	$	103,531	$	99,014	
				
County Appraiser & Tax Collector Fee	(16,876 )	(34,510)	(34,504)	
Discounts For Early Payments	(64,129 )	(69,020)	(69,009)	
				
EXCESS/ (SHORTFALL)	$	91,723	$	0	$	(4,499)	
				
Carryover From Prior Year	0	0	4,500	
				
NET EXCESS/ (SHORTFALL)	$	91,723	$	0	$	1	

DETAILED PROPOSED DEBT SERVICE FUND (2022 - DORAL BREEZE) BUDGET
GRAND BAY AT DORAL COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2024/2025
OCTOBER 1, 2024 - SEPTEMBER 30, 2025

REVENUES	
FISCAL YEAR 2022/2023
ACTUAL	
FISCAL YEAR 2023/2024
BUDGET	
FISCAL YEAR 2024/2025
BUDGET	

COMMENTS	

Interest Income	
67,340	
100	
1,000	
Projected Interest For 2023/2024	

NAV Tax Collection	
741,254	
686,823	
686,823	
Maximum Debt Service Collection	

Total Revenues	
$	808,594	
$	686,923	
$	687,823		

EXPENDITURES					

Principal Payments	
308,000	
321,000	
334,000	
Principal Payment Due In 2024	

Interest Payments	
273,111	
349,500	
336,400	
Interest Payments Due In 2024	

Bond Redemption	
0	
16,423	
17,423	
Estimated Excess Debt Collections	

Total Expenditures	
$	581,111	
$	686,923	
$	687,823		

Excess/ (Shortfall)	
$	227,483	
$	-	
$	-		

Series 2022 (Doral Breeze) Bond Refunding Information
Original Par Amount =	$9,206,000	Annual Principal Payments Due =	May 1st	
Interest Rate =	4.00%	Annual Interest Payments Due =	May 1st & November 1st	
Issue Date =	August 2022			
Maturity Date =	May 2042			
Par Amount As Of 1-1-24 =	$9,206,000			

DETAILED PROPOSED DEBT SERVICE FUND (2014 - MIDTOWN) BUDGET
GRAND BAY AT DORAL COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2024/2025
OCTOBER 1, 2024 - SEPTEMBER 30, 2025

REVENUES	FISCAL YEAR 2022/2023 ACTUAL	FISCAL YEAR 2023/2024 BUDGET	FISCAL YEAR 2024/2025 BUDGET	

COMMENTS	

Interest Income (A-1)	
44,779	
200	
400	
Projected Interest For 2024/2025	

Interest Income (A-2)	
43,690	
200	
400	
Projected Interest For 2024/2025	

NAV Tax Collection (A-1)	
607,477	
593,473	
593,473	
Maximum Debt Service Collection	

NAV Tax Collection (A-2)	
592,857	
579,179	
579,179	
Maximum Debt Service Collection	

Total Revenues	
$	1,288,803	
$	1,173,052	
$	1,173,452		

EXPENDITURES					

Principal Payments - Series 2014A-1	
165,000	
170,000	
180,000	
Principal Payment Due In 2025	

Principal Payments - Series 2014A-2	
205,000	
215,000	
230,000	
Principal Payment Due In 2025	

Interest Payments - Series 2014A-1	
432,893	
419,768	
410,580	
Interest Payments Due In 2025	

Interest Payments - Series 2014A-2	
378,788	
360,428	
347,356	
Interest Payments Due In 2025	

Bond Redemption - Series 2014A-1	
0	
3,905	
3,293	
Estimated Excess Debt Collections	

Bond Redemption - Series 2014A-2	
0	
3,951	
2,223	
Estimated Excess Debt Collections	

Total Expenditures	
$	1,181,681	
$	1,173,052	
$	1,173,452		

Excess/ (Shortfall)	
$	107,122	
$	-	
$	-		

Series 2014-1 (Midtown) Bond Information	
Original Par Amount =	$8,390,000	Annual Principal Payments Due =	May 1st	
Interest Rate = Issue Date = Maturity Date =	5.25% - 5.90%
October 2014
May 2045	Annual Interest Payments Due =	May 1st & November 1st	
Par Amount As Of 1-1-24 =	$7,295,000			

Series 2014-2 (Midtown) Refunding Bond Information	
Original Par Amount =	$7,095,000	Annual Principal Payments Due =	May 1st	
Interest Rate = Issue Date = Maturity Date =	5.875% - 6.5%
October 2014
May 2039	Annual Interest Payments Due =	May 1st & November 1st	
Par Amount As Of 1-1-24 =	$5,760,000			

DETAILED PROPOSED DEBT SERVICE FUND (2014 - NORTH) BUDGET
GRAND BAY AT DORAL COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2024/2025
OCTOBER 1, 2024 - SEPTEMBER 30, 2025

REVENUES	
FISCAL YEAR 2022/2023
ACTUAL	
FISCAL YEAR 2023/2024
BUDGET	
FISCAL YEAR 2024/2025
BUDGET	

COMMENTS	

Interest Income (A-1)	
15,299	
150	
400	
Projected Interest For 2024/2025	

Interest Income (A-2)	
9,137	
100	
300	
Projected Interest For 2024/2025	

NAV Tax Collection (A-1)	
338,378	
333,170	
333,170	
Maximum Debt Service Collection	

NAV Tax Collection (A-2)	
238,535	
234,864	
234,864	
Maximum Debt Service Collection	
		
0	
0		

Total Revenues	
$	601,349	
$	568,284	
$	568,734		

EXPENDITURES					

Principal Payments - Series 2014A-1	
95,000	
95,000	
100,000	
Principal Payment Due In 2025	

Principal Payments - Series 2014A-2	
105,000	
110,000	
115,000	
Principal Payment Due In 2025	

Interest Payments - Series 2014A-1	
241,850	
236,150	
232,250	
Interest Payments Due In 2025	

Interest Payments - Series 2014A-2	
130,200	
123,800	
119,300	
Interest Payments Due In 2025	

Bond Redemption - Series 2014A-1	
0	
2,170	
1,320	
Estimated Excess Debt Collections	

Bond Redemption - Series 2014A-2	
0	
1,164	
864	
Estimated Excess Debt Collections	

Total Expenditures	
$	572,050	
$	568,284	
$	568,734		

Excess/ (Shortfall)	
$	29,299	
$	-	
$	-		

	Series 2014-1 (North) Bond Information	
Original Par Amount =	$5,450,000	Annual Principal Payments Due =	May 1st	
Interest Rate =	4.00% - 5.00%	Annual Interest Payments Due =	May 1st & November 1st	
Issue Date =	November 2014			
Maturity Date =

Par Amount As Of 1-1-24 =	May 2044

$4,800,000			

Series 2014-2 (North) Refunding Bond Information
Original Par Amount =	$3,295,000	Annual Principal Payments Due =	May 1st
Interest Rate =	4.00% - 5.00%	Annual Interest Payments Due =	May 1st & November 1st Issue Date =	November 2014
Maturity Date =	May 2039

Par Amount As Of 1-1-24 =	$2,565,000
3

DETAILED PROPOSED DEBT SERVICE FUND (2016) - SOUTH PARCEL BUDGET
GRAND BAY AT DORAL COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2024/2025
OCTOBER 1, 2024 - SEPTEMBER 30, 2025

REVENUES	FISCAL YEAR 2022/2023 ACTUAL	FISCAL YEAR 2023/2024 BUDGET	FISCAL YEAR 2024/2025 BUDGET	

COMMENTS	

Interest Income (2016)	
60,506	
250	
1,000	
Projected Interest For 2024/2025	

Prepaid Bond Collection (2016)	
0	
0	
0		

NAV Tax Collection (2016)	
1,511,221	
1,475,698	
1,475,698	
Maximum Debt Service Collection	

Total Revenues	
$	1,571,727	
$	1,475,948	
$	1,476,698		

EXPENDITURES					

Principal Payments (2016)	
475,000	
500,000	
525,000	
Principal Payment Due In 2025	

Interest Payments (2016)	
1,000,700	
969,888	
948,106	
Interest Payments Due In 2025	

Bond Redemption	
0	
6,060	
3,592	
Estimated Excess Debt Collections	

Total Expenditures	
$	1,475,700	
$	1,475,948	
$	1,476,698		

Excess/ (Shortfall)	
$	96,027	
$	-	
$	-		

Series 2016 Bond Information
Original Par Amount =	$27,635,000	Annual Principal Payments Due =	May 1	
Interest Rate =	3.5% - 5.00%	Annual Interest Payments Due =	May 1st & November 1st	
Issue Date =	March 2016			
Maturity Date =

Par Amount As Of 1-1-24 =	May 2046

$20,200,000			

Note: Extraordinary Prepayment Of $4,210,000 Was Made On 2-1-18

Grand Bay At Doral Community Development District Assessment Comparison - Doral Breeze (Series 2022)

Original	Fiscal Year	Fiscal Year	Fiscal Year	Fiscal Year	
Projected Debt	2021/2022	2022/2023	2023/2024	2024/2025	
Assessment	Projected Assessment	Projected Assessment	Projected Assessment	Projected Assessment	
	Before Discount*	Before Discount*	 	Before Discount*	 	Before Discount*	 	Before Discount*	

Administrative For Condominiums	$	-	$	39.62	$	55.43	$	55.98	$	54.64	
Maintenance For Condominiums	$	-	$	66.08	$	65.09	$	72.96	$	73.74	
Debt For Condominiums	$	1,255.00	$	1,255.00	$	1,105.00	$	1,036.16	 $	1,036.16	
Total For Condominiums	$	1,255.00	$	1,360.70	$	1,225.52	$	1,165.10	$	1,164.54	

Administrative For Townhomes	
$	
-	$	
39.62	
$	
55.43	
$	
55.98	
$	
54.64	
Maintenance For Townhomes	$	-	$	66.08	$	65.09	$	72.96	$	73.74	
Debt For Townhomes	$	1,465.00	$	1,465.00	$	1,290.00	$	1,208.85	 $	1,208.85	
Total For Townhomes	$	1,465.00	$	1,570.70	$	1,410.52	$	1,337.79	$	1,337.23	

Administrative For Single Family 40'	
$	
-	$	
39.62	
$	
55.43	
$	
55.98	
$	
54.64	
Maintenance For Single Family 40'	$	-	$	66.08	$	65.09	$	72.96	$	73.74	
Debt For Single Family 40'	$	1,880.00	$	1,880.00	$	1,655.00	$	1,554.23	 $	1,554.23	
Total For Single Family 40'	$	1,880.00	$	1,985.70	$	1,775.52	$	1,683.17	$	1,682.61	

Administrative For Single Family 50'	
$	
-	$	
39.62	
$	
55.43	
$	
55.98	
$	
54.64	
Maintenance For Single Family 50'	$	-	$	66.08	$	65.09	$	72.96	$	73.74	
Debt For Single Family 50'	$	2,090.00	$	2,090.00	$	1,840.00	$	1,726.93	 $	1,726.93	
Total For Single Family 50'	$	2,090.00	$	2,195.70	$	1,960.52	$	1,855.87	$	1,855.31	

* Assessments Include the Following :	 4% Discount for Early Payments
1% County Tax Collector Fee
1% County Property Appraiser Fee

 Community Information:	
Condominiums	198	73.02 Acres	
Townhomes	83	21.88% Of District	
Single Family 40'	138		
Single Family 50'	122		
Total Doral Breeze Units	541		

Grand Bay At Doral Community Development District Assessment Comparison - Midtown (Series 2014)

Original	Fiscal Year	Fiscal Year	Fiscal Year	Fiscal Year	
Projected	2021/2022	2022/2023	2023/2024	2024/2025	
Assessment	Assessment	Assessment	Assessment	Projected Assessment	
	Before Discount*	 	Before Discount*	 	Before Discount*			Before Discount*	 	Before Discount*	

3 Bedroom Condo - Type 2		
Administrative Assessment	$	58.51	$	14.87	$	15.01	$	14.70	$	14.53	
Maintenance Assessment	$	-	$	108.86	$	108.28	$	102.79	$	102.38	
Debt Assessment A-1	$	1,245.50	$	1,212.77	$	1,212.77	$	1,212.77	$	1,212.77	
Debt Assessment A-2	 $	400.33	 $	384.04	 $	384.04	 $	384.04	 $	384.04	
Total For 3 Bedroom Condo - Type 2	$	1,704.34	$	1,720.54	$	1,720.10	$	1,714.30	$	1,713.72	
2 Bedroom Condo - Type 2
Administrative Assessment	
$	
58.51	
$	
14.87	
$	
15.01	
$	
14.70	
$	
14.53	
Maintenance Assessment	$	-	$	108.86	$	108.28	$	102.79	$	102.38	
Debt Assessment A-1	$	1,145.86	$	1,114.89	$	1,114.89	$	1,114.89	$	1,114.89	
Debt Assessment A-2	 $	368.30	 $	353.19	 $	353.19	 $	353.19	 $	353.19	
Total For 2 Bedroom Condo - Type 2	$	1,572.67	$	1,591.81	$	1,591.37	$	1,585.57	$	1,584.99	
1 Bedroom Condo - Type 2
Administrative Assessment	
$	
58.51	
$	
14.87	
$	
15.01	
$	
14.70	
$	
14.53	
Maintenance Assessment	$	-	$	108.86	$	108.28	$	102.79	$	102.38	
Debt Assessment A-1	$	996.40	$	970.21	$	970.21	$	970.21	$	970.21	
Debt Assessment A-2	 $	320.26	 $	307.45	 $	307.45	 $	307.45	 $	307.45	
Total For 1 Bedroom Condo - Type 2	$	1,375.17	$	1,401.39	$	1,400.95	$	1,395.15	$	1,394.57	
3 Bedroom Condo - Type 1
Administrative Assessment	
$	
58.51	
$	
14.87	
$	
15.01	
$	
14.70	
$	
14.53	
Maintenance Assessment	$	-	$	108.86	$	108.28	$	102.79	$	102.38	
Debt Assessment A-1	$	1,145.86	$	1,114.89	$	1,114.89	$	1,114.89	$	1,114.89	
Debt Assessment A-2	 $	368.30	 $	353.19	 $	353.19	 $	353.19	 $	353.19	
Total For 3 Bedroom Condo - Type 1	$	1,572.67	$	1,591.81	$	1,591.37	$	1,585.57	$	1,584.99	
2 Bedroom Condo - Type 1
Administrative Assessment	
$	
58.51	
$	
14.87	
$	
15.01	
$	
14.70	
$	
14.53	
Maintenance Assessment	$	-	$	108.86	$	108.28	$	102.79	$	102.38	
Debt Assessment A-1	$	996.40	$	970.21	$	970.21	$	970.21	$	970.21	
Debt Assessment A-2	 $	320.26	 $	307.45	 $	307.45	 $	307.45	 $	307.45	
Total For 2 Bedroom Condo - Type 1	$	1,375.17	$	1,401.39	$	1,400.95	$	1,395.15	$	1,394.57	
1 Bedroom Condo - Type 1
Administrative Assessment	
$	
58.51	
$	
14.87	
$	
15.01	
$	
14.70	
$	
14.53	
Maintenance Assessment	$	-	$	108.86	$	108.28	$	102.79	$	102.38	
Debt Assessment A-1	$	896.75	$	872.34	$	872.34	$	872.34	$	872.34	
Debt Assessment A-2	 $	288.24	 $	276.60	 $	276.60	 $	276.60	 $	276.60	
Total For 1 Bedroom Condo - Type 1	$	1,243.50	$	1,272.67	$	1,272.23	$	1,266.43	$	1,265.85	
Non-Residential (Based On Square Footage)											
Administrative Assessment	$	0.06	$	0.01	$	0.01	$	0.01	$	0.01	
Maintenance Assessment	$	-	$	0.15	$	0.15	$	0.15	$	0.15	
Debt Assessment A-1	$	1.07	$	1.040	$	1.040	$	1.040	$	1.040	
Debt Assessment A-2	$	0.34	$	0.330	 $	0.330	$	0.330	 $	0.330	
Total For Non-Residential	$	1.47	$	1.530	$	1.530	$	1.530	$	1.530	

* Assessments Include the Following :	
4% Discount for Early Payments
1% County Tax Collector Fee	O&M Covenant = 55.00

	Total Midtown Units (A2)	Phase One Units (A1)		
Total Midtown Units	(Refunding Bonds)	(Phase One Project Bonds)		
3 Bedroom Condo - Type 2	252	84	  Grand Bay Midtown - Commercial Square Footage (With Percentages)	
2 Bedroom Condo - Type 2	546	182	Building 1	9,818	14.33%	
1 Bedroom Condo - Type 2	120	40	Building 2	23,838	34.80%	
3 Bedroom Condo - Type 1	126	28	Building 3	23,838	34.80%	
2 Bedroom Condo - Type 1	227	84	Building 4	11,006	16.07%	
1 Bedroom Condo - Type 1	276	119	Total	68,500	100.00%	
Total Residential Units	1547	537		
Non-Residential	300,000	68,500		
	Square Feet	Square Feet		
For Administrative & Maintenance				
Assessments Purposes-
Non-Residential counts as approximately		29.36 Acres
8.8% Of District		
300 units.				

1% County Property Appraiser Fee	55.00/.94 = 58.51 Community Information:		

Phase 1 Grand Bay Midtown Residential
 Type	Building 1	 	Building 2	 	Building 3			Building 4	 	Total	
3 BR - Type 2	14	35	35	0	84	
2 BR - Type 2	28	56	56	42	182	
1 BR - Type 2	0	20	20	0	40	
3 BR - Type 1	14	7	7	0	28	
2 BR - Type 1	7	35	35	7	84	
1 BR - Type 1	35	 	0	 	0			84	 	119		
Total	98	153	153	133	537	

Grand Bay At Doral Community Development District Assessment Comparison - Grand Bay North Parcel (Series 2014)

Original	Fiscal Year	Fiscal Year	Fiscal Year	Fiscal Year
Projected Debt	2021/2022	2022/2023	2023/2024	2024/2025
Assessment	Assessment	Assessment	Assessment	Projected Assessment
	Before Discount*	 	Before Discount*	 	Before Discount*	 	Before Discount*	   Before Discount*	

Single Family 40' Unit		
Administrative Assessment	$	114.89	$	43.87	$	42.05	$	45.39	$	89.39	
Maintenance Assessment	$	-	$	69.45	$	70.98	$	67.61	$	123.61	
Debt Assessment A-1	$	1,237.24	$	1,237.24	$	1,237.24	$	1,237.24	$	1,237.24	
Debt Assessment A-2	 $	872.34	$	872.34	$	872.34	$	872.34	 $	872.34	
Total For Single Family 40' Unit	$	2,224.47	$	2,222.90	$	2,222.61	$	2,222.58	$	2,322.58	
Townhome Unit
Administrative Assessment	
$	
114.89	
$	
43.87	
$	
42.05	
$	
45.39	
$	
89.39	
Maintenance Assessment	$	-	$	69.45	$	70.98	$	67.61	$	123.61	
Debt Assessment A-1	$	1,008.51	$	1,008.51	$	1,008.51	$	1,008.51	$	1,008.51	
Debt Assessment A-2	 $	710.64	$	710.64	$	710.64	$	710.64	 $	710.64	
Total For Townhome Unit	$	1,834.04	$	1,832.47	$	1,832.18	$	1,832.15	$	1,932.15	

Condo Unit (3-Story)
Administrative Assessment	

$	

114.89	

$	

43.87	

$	

42.05	

$	

45.39	

$	

89.39	
Maintenance Assessment	$	-	$	69.45	$	70.98	$	67.61	$	123.61	
Debt Assessment A-1	$	917.02	$	917.02	$	917.02	$	917.02	$	917.02	
Debt Assessment A-2	 $	646.81	$	646.81	$	646.81	$	646.81	 $	646.81	
Total For Condo Unit (3-Story)	$	1,678.72	$	1,677.15	$	1,676.86	$	1,676.83	$	1,776.83	

* Assessments Include the Following :	 4% Discount for Early Payments
1% County Tax Collector Fee	O&M Covenant = 108.00
1% County Property Appraiser Fee	108.00/.94 = 114.89

 Community Information:	        Total North Units		72.04 Acres
A-1: Project Bonds	21.33% Of District
A-2: Refunding Bonds
Single Family 40' Unit	64	North Parcel Acreage
Townhome Unit	172	72.04 Acres
Condo Unit (3-Story)	111	21.59% Of District
Total Residential Units	347

Grand Bay At Doral Community Development District - Grand Bay South Parcel Assessment Comparison

Original	Fiscal Year	Fiscal Year	Fiscal Year	Fiscal Year	
Projected Debt	2021/2022	2022/2023	2023/2024	2024/2025	
Assessment	Assessment	Assessment	Assessment	Projected Assessment	
	Before Discount*			Before Discount*			Before Discount*			Before Discount*			Before Discount*		

Administrative For Single Family 40' Units	$	-	$	40.17	$	40.85	$	40.70	$	38.39	
Maintenance For Single Family 40' Units	$	-	$	72.46	$	68.60	$	61.97	$	64.07	
Debt For Single Family 40' Units	$	- 	$	2,133.00	$	2,133.00	$	2,133.00	 $	2,133.00	

Total For Single Family 40' Units	
$	
2,133.00	
$	
2,245.63	
$	
2,242.45	
$	
2,235.67	
$	
2,235.46	

Administrative For Townhome 22' Units	$	-	$	40.17	$	40.85	$	40.70	$	38.39	
Maintenance For Townhome 22' Units	$	-	$	72.46	$	68.60	$	61.97	$	64.07	
Debt For Townhome 22' Units	$	- 	$	1,843.00	$	1,843.00	$	1,843.00	 $	1,843.00	

Total For Townhome 22' Units	
$	
1,843.00	
$	
1,955.63	
$	
1,952.45	
$	
1,945.67	
$	
1,945.46	

Administrative For 2 Story Condo/Flat Units	$	-	$	40.17	$	40.85	$	40.70	$	38.39	
Maintenance For 2 Story Condo/Flat Units	$	-	$	72.46	$	68.60	$	61.97	$	64.07	

Debt For 2 Story Condo/Flat Units	
$	- 	
$	1,738.00	
$	1,738.00	
$	1,738.00	
 $	1,738.00	

Total For 2 Story Condo/Flat Units	
$	
1,738.00	
$	
1,850.63	
$	
1,847.45	
$	
1,840.67	
$	
1,840.46	

Administrative For 3 Story Condo/Flat Units	$	-	$	40.17	$	40.85	$	40.70	$	38.39	
Maintenance For 3 Story Condo/Flat Units	$	-	$	72.46	$	68.60	$	61.97	$	64.07	

Debt For 3 Story Condo/Flat Units	
$	- 	
$	1,580.00	
$	1,580.00	
$	1,580.00	
 $	1,580.00	

Total For 3 Story Condo/Flat Units	
$	
1,580.00	
$	
1,692.63	
$	
1,689.45	
$	
1,682.67	
$	
1,682.46	

Administrative For Apartment Unit	$	-	$	40.17	$	40.85	$	40.70	$	38.39	
Maintenance For Apartment Unit	$	-	$	72.46	$	68.60	$	61.97	$	64.07	
Debt For Apartment Unit	$	- 	$	- 	$	- 	 $	- 	 $	- 	

Total For Apartment Unit	
$	
-	
$	
112.63	
$	
109.45	
$	
102.67	
$	
102.46	

* Assessments Include the Following :	
4% Discount for Early Payments
1% County Tax Collector Fee	O&M Covenant = 108.00	South Parcel Acreage
1% County Property Appraiser Fee	108.00/.94 = 114.89		159.28 Acres 47.73% Of District
 Community Information:	

Total South Units		Bond Prepayments		
Single Family 40' Unit (Pod VI)	77	0		
Townhome 22' Unit (Pod III)	228	0	Note: Some South Unit Landowners Were Direct Billed For 21/22	
2 Story Condo/Flat Unit (Pod IV)	387	0	Assessments, Due To Parcels Not Being Platted by 21/22 Tax Roll Deadline.	
3 Story Condo/Flat Unit (Pods II & V)	384	186	Any Direct Bills that were not paid, were	
Apartment Unit (Pod 1)	440	0	added to 22/23 Assessment.	
Total Residential Units
Assessable Units For Debt	1516	186		
Total Units	1516			
Less Apartment Unit (Developer Contributed				
Cost Of Improvements In Lieu Of Cap Assessment)	440	Note: 3 Story Flat Units That Are Assessed	For Debt: 198	
Total Original Assessable Units For Debt	1076			
Less Prepayments - 186 Pod V 3 Story Condos	186			
Total Current Assessable Units For Debt	890			

RESOLUTION 2024-02

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE GRAND BAY AT DORAL COMMUNITY DEVELOPMENT DISTRICT ESTABLISHING AN ELECTRONIC SIGNATURE POLICY, PROVIDING DISTRICT MANAGER WITH AUTHORITY AND RESPONSIBILITY FOR APPROVAL OF ELECTRONIC SIGNATURES AND IMPLEMENTATION OF CONTROL PROCESSES AND PROCEDURES TO ENSURE COMPLIANCE, INTEGRITY, AND SECURITY, IN ACCORDANCE WITH CHAPTER 688, FLORIDA STATUTES; AND PROVIDING FOR SEVERABILITY AND EFFECTIVE DATE.

WHEREAS, the Grand Bay at Doral Community Development District (the “District”), is a local unit of special-purpose government organized and existing in accordance with the Uniform Community Development District Act of 1980, Chapter 190, Florida Statutes, as amended (the “Act”), created by Ordinance No. 06-153 of the Board of County Commissioners of Miami Dade County, Florida (the “County”), effective on November 3, 2006, and by City of Doral Resolution No. Z06-04 dated March 22, 2006. The original boundaries of the District were expanded pursuant to Ordinance No. 08-12, effective February 15, 2008, and by the City of Doral Resolution No. Z08-01 dated January 8, 2008; and

WHEREAS, the Board of Supervisors of the District regularly directs the District Manager of the District to execute and accept certain documents on behalf of the District and it is customary for certain documents to be transmitted via electronic means endorsed with electronic signatures; and

WHEREAS, consistent with Chapter 688, Florida Statutes, the District is responsible for adopting and implementing control processes and procedures to ensure adequate integrity, security, confidentiality, and auditability of business transactions conducted using electronic commerce; and
WHEREAS, the District Board of Supervisors finds that it is in the best interest of the District to enact a policy pertaining to the use and receipt of electronic signatures.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE GRAND BAY AT DORAL COMMUNITY DEVELOPMENT DISTRICT, AS FOLLOWS:

Section 1.  The foregoing recitals are hereby incorporated as findings of fact of the District Board of Supervisors.

1

Section 2. The Board of Supervisors of the Grand Bay at Doral Community Development District hereby establishes and adopts the “Electronic Signature Policy,” as follows:

ELECTRONIC SIGNATURE POLICY

PURPOSE: The purpose of this policy is to establish and identify the criteria and requirements for the use and validation of electronic signatures on documents on behalf of and for District business in accordance with Chapter 688, Florida Statutes, “Electronic Signature Act”.

DEFINITIONS:

Electronic means technology having electrical, digital, magnetic, wireless, optical, electromagnetic or similar capabilities.

Electronic record means a record created, generated, sent, communicated, received, or stored by electronic means.

Electronic signature means any letters, characters, or symbols, manifested by electronic or similar means, or logically associated with a record and that is executed or adopted with the intent to sign the record.

Electronic transaction means a transaction that is conducted or performed, in whole or in part, by electronic means or electronic records.

Record means information that is inscribed on a tangible medium or that is stored in an electronic or other medium and that is retrievable in perceivable form.

POLICY: This policy applies to any Electronic transaction that is a replacement for or complement to handwritten signatures on any record of or for the District, including, but not limited to, contracts, agreements, official minutes, bids, proposals and resolutions. Any Electronic record or Electronic signature may not be denied legal effect or enforceability solely because the record or signature is in electronic form. This policy does not limit the District’s right or option to require original signatures or Records in a non-electronic format as the District deems necessary or as required by appliable policies, laws or regulations.

PROCEDURE: When a document containing an Electronic signature is signed, transmitted and received the following requirements must be met:

The Electronic signature must establish sender/user authenticity. The electronic signing of a document by an individual must be accompanied by documentation that shows that the signer is the individual signing the document and the individual that has the authority to bind the entity entering into an agreement or contract with the District.

2

If a document has been modified or changed, the prior Electronic signature is invalid and said document requires another Electronic signature or shall be signed by hand. This is to prevent any issue that a document has been changed after it is signed.

The District Manager, or his or her designee, has the authority and responsibility for approval of any Electronic signature method utilized and shall be responsible for the implementation of control processes and procedures to ensure adequate integrity, security, confidentiality, and auditability of District business transactions conducted using electronic methods.

The Electronic signature shall include the entire name of the individual and shall be located on or near the signature block on the document being electronically signed.

The date of the Electronic signature must be captured, stored, and available for retrieval for the required retention period of the document executed.

The Electronic record must be transmitted to all parties in a format acceptable to the District Manager, or his or her designee.

Section 3.  The District Manager is hereby directed to take all actions necessary and consistent with the intent of this Resolution.

Section 4.  All resolutions or parts of resolutions in conflict herewith are repealed to the extent of such conflict.

Section 5.   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 6.	The Resolution shall take effect immediately upon adoption.

PASSED AND ADOPTED at a meeting of the District Board of Supervisors, this 17th day of April, 2024.

GRAND BAY AT DORAL COMMUNITY DEVELOPMENT DISTRICT

Secretary / Assistant Secretary	Chair / Vice Chair

3

Ethics Training

Beginning in 2024, District Supervisors are required to complete four (4) hours of ethics training annually. Below are links to two training sessions that will, upon completion, satisfy the training requirement. Beginning with the 2024 Form 1, District Supervisors will be required to confirm that they have completed the training each year.

State Ethics Laws for Constitutional Officers & Elected Municipal Officers
https://www.youtube.com/watch?v=U8JktIMKzyI
Public Meetings and Public Records Law
https://www.myfloridalegal.com/sites/default/files/Full%2520audio%25 202018%5B2%5D.mp3

Both links can be found on SDS’ website, at www.sdsinc.org/links.

The Florida Association of Special Districts (FASD) also offers a training option through Florida State University’s Florida Institute of Government. If your special district is a member of FASD, the cost for this special district-specific ethics training is $49.00 for each district official.

If your special district is NOT a member of FASD, the cost for this special district-specific ethics training is $79.00 for each district official.
Information on the FASD course can be found at https://www.fasd.com/ethics-for- special-districts.

The Oaks Center · 2501A Burns Road · Palm Beach Gardens, FL 33410-5204	o: 561.630.4922 · f: 561.630.4923 · www.sdsinc.org Additional Offices: Miami · Bonita Springs · Tradition · West Villages · Ave Maria