GRAND BAY AT DORAL COMMUNITY DEVELOPMENT DISTRICT

MIAMI-DADE COUNTY Special Board Meeting & Public Hearing September 18, 2024
10:00 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
SPECIAL BOARD MEETING & PUBLIC HEARING
September 18, 2024
10:00 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
May 23, 2024 Special Board Meeting…	Page 2
Old Business
New Business
Consider Resolution No. 2024-03 – Resetting Public Hearing Date to Adopt Fiscal
Year 2024/2025 Final Budget…	Page 5
Consider Resolution No. 2024-04 – Adopting a Fiscal Year 2024/2025 Meeting Schedule…	Page 6
Consider Resolution No. 2024-05 – Adopting Goals and Objectives…	Page 8
Public Hearing
Proof of Publication…	Page 11
Receive Public Comments on Fiscal Year 2024/2025 Final Budget
Consider Resolution No. 2024-06 – Adopting a Fiscal Year 2024/2025 Final Budget…	Page 12
Administrative Matters
Legislative Update…	Page 29
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

(SEAL)

if)ii#Mf/
GUILLERMO GARCIA personally known to me

GRAND BAY AT DORAL COMMUNITY DEVELOPMENT DISTRICT SPECIAL BOARD MEETING
MAY 23, 2024

CALL TO ORDER

District Manager Armando Silva called the May 23, 2024, Special Board Meeting of the Grand Bay at Doral Community Development District to order at 10:02 a.m. in 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 Special Board Meeting had been published in the
Miami Herald on May 16, 2024, 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 Vice-Chairperson Stephanie Mejia and Assistant Secretary 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.
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
October 18, 2023, Regular Board Meeting
Mr. Silva presented the October 18, 2023, Special Board Meeting minutes and asked if there were any comments and/or changes. There being no comments or changes, a motion was made by Ms. Mejia, seconded by Mr. Correia and unanimously passed to approve the October 18, 2023, Special Board Meeting, as presented.

OLD BUSINESS

There was no old business to discuss at the moment.

NEW BUSINESS
Consider Resolution No. 2024-01– Adopting a Fiscal Year 2023/2024 Proposed Budget

Resolution No. 2024-01 was presented, entitled:

RESOLUTION NO. 2024-01

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

Mr. Silva read the title into the record and stated that no carryover amount would be required to balance the budget from the fund balance as of 9/30/2024. He further stated that since the overall assessments were not increasing over the 2023/2024 assessments, letters to property owners would not be required. In addition, Mr. Silva stated as part of Resolution No. 2024-01, the Board must set a date for the public hearing to adopt the fiscal year 2024/2025 final budget and assessment roll. Further discussion took place on the proposed budget after which;

A motion was made by Mr. Correia, seconded by Ms. Mejia and passed unanimously to approve and adopt Resolution No. 2024-01, as presented; setting the Public Hearing for August 28, 2024, at 10:00 a.m. in the Grand Central Clubhouse located at 10551 NW 88th Street, Doral, FL 33178; and further authorizes the publication of the notice of public hearing, as required by law.

Consider Resolution No. 2024-02 – Adopting an Electronic Signature

Mr. Silva presented Resolution No. 2024-02, entitled:

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.

Mr. Silva explained that this resolution provides the District Manager the authority and responsibility for approval of electronic signatures and implementation of control process and procedures to ensure compliance, integrity, and security, in accordance with Chapter 688, Florida Statutes. A discussion ensued, after which:

A motion was made Ms. Mejia, seconded by Mr. Correia and unanimously passed to approve and adopt Resolution No. 2024-02, thereby adopting an Electronic Signature Policy.

ADMINISTRATIVE & OPERATIONAL MATTERS

Discussion Regarding Required Ethics Training Memorandum

Ms. Smoker explained that effective January 1, 2024, elected officers, such as the District Board Supervisors, will be required to complete four (4) hours of ethics training annually. Ms. Smoker provided

a memorandum with links to two training sessions that will, upon completion, satisfy the training requirement. Ms. Wald noted that Supervisors must complete the ethics training by December 31, 2024.

Discussion Regarding General Election Qualifying Period (Seat #3, #4 & #5): Noon,
Monday, June 10, 2024 through Noon, Friday, June 14, 2024

Mr. Silva advised the Board that the three (3) seats whose terms are expiring in November 2024 are Seat #3, Seat #4 and Seat #5. Mr. Silva further explained that the qualifying period to run for the District election on the general election ballot would be from noon on June 10, 2024, through noon on June 14, 2024.

Statement of Financial Interest 2023 Form 1 Reminder – Filing Deadline: July 1, 2024

Board members were reminded of the importance of electronically completing their individual 2023 Statement of Financial Interests Form 1. The deadline for submittal is July 1, 2024.

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 Mr. Correia, seconded by Ms. Mejia and passed unanimously to adjourn the Special Board Meeting at 12:26 a.m.

Secretary/Assistant Secretary	Chairperson/Vice-Chairperson

RESOLUTION NO. 2024-03

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE GRAND BAY AT DORAL COMMUNITY DEVELOPMENT DISTRICT AMENDING RESOLUTION NO. 2024-01; AMENDING THE DATE AND TIME FOR THE PUBLIC HEARING TO CONSIDER THE FISCAL YEAR 2024/2025 FINAL BUDGET AND ASSESSMENTS AND AUTHORIZING THE SECRETARY AND DISTRICT MANAGER TO TAKE CERTAIN ACTIONS TO ACCOMPLISH THE INTENT OF THIS RESOLUTION; AND PROVIDING AN EFFECTIVE DATE.

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

WHEREAS, the Board previously adopted Resolution 2024-01 approving a proposed budget and setting a public hearing for August 28, 2024; and

WHEREAS, due to the unforeseen inability of the Board to secure a quorum for the scheduled public hearing, said public hearing had to be re-advertised and rescheduled; and

WHEREAS, the public hearing has been rescheduled for September 16, 2024, and all other requirements and filings associated with the preparation of the fiscal year budget have been completed.

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

Resolution No. 2024-01 is hereby amended to change the date and time of the Public Hearing to September 18, 2024 at 10:00 a.m. in the Grand Central Clubhouse, 10551 NW 88th Street, Doral, Florida 33178, for the purpose of receiving public comments on the Proposed Fiscal Year 2024/2025 Budget.
The Secretary of the District is authorized to execute any and all necessary transmittals, certifications or other acknowledgements or writings, as necessary, to comply with all applicable notice requirements.

PASSED, ADOPTED and EFFECTIVE this 18th day of September, 2024.

ATTEST:	GRAND BAY AT DORAL
COMMUNITY DEVELOPMENT DISTRICT

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

RESOLUTION NO. 2024-04

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE GRAND BAY AT DORAL COMMUNITY DEVELOPMENT DISTRICT, ESTABLISHING A REGULAR MEETING SCHEDULE FOR FISCAL YEAR 2024/2025 AND SETTING THE TIME AND LOCATION OF SAID DISTRICT MEETINGS; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, it is necessary for the Grand Bay at Doral Community Development District (the "District") to establish a regular meeting schedule for fiscal year 2024/2025; and

WHEREAS, the Board of Supervisors of the District has set a regular meeting schedule, location and time for District meetings for fiscal year 2024/2025 which is attached hereto and made a part hereof as Exhibit “A”.

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

Section 1.   The above recitals are hereby adopted.

Section 2.  The regular meeting schedule, time and location for meetings for fiscal year 2024/2025 which is attached hereto as Exhibit “A” is hereby adopted and authorized to be published.
PASSED, ADOPTED and EFFECTIVE this 18th day of September, 2024.

ATTEST:	GRAND BAY AT DORAL
COMMUNITY DEVELOPMENT DISTRICT

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

GRAND BAY AT DORAL COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2024/2025 REGULAR MEETING SCHEDULE
NOTICE IS HEREBY GIVEN that the Board of Supervisors (the “Board”) of the Grand Bay at Doral Community Development District (the “District”) will hold Regular Meetings at Grand Central Clubhouse located at 10551 NW 88th Street, Doral, Florida 33178 at 10:00 a.m. on the following dates:
October 23, 2024
November 27, 2024
March 26, 2025
April 23, 2025
June 25, 2025
July 23, 2025
September 24, 2025

The purpose of the meetings is for the Board to consider any District business which may lawfully and properly come before the Board. Meetings are open to the public and will be conducted in accordance with the provisions of Florida law for Community Development Districts. Copies of the Agenda for any of the meetings may be obtained from the District’s website or by contacting the District Manager at 786-313-3661 and/or toll free at 1-877-737- 4922, prior to the date of the particular meeting.

From time to time one or two Board members may participate by telephone; therefore, a speaker telephone will be present at the meeting location so that Board members may be fully informed of the discussions taking place. Said meeting(s) may be continued as found necessary to a time and place specified on the record.
If any person decides to appeal any decision made with respect to any matter considered at these meetings, such person will need a record of the proceedings and such person may need to insure that a verbatim record of the proceedings is made at his or her own expense and which record includes the testimony and evidence on which the appeal is based.

In accordance with the provisions of the Americans with Disabilities Act, any person requiring special accommodations or an interpreter to participate at any of these meetings should contact the District Manager at 786-313-3661 and/or toll free at 1-877-737-4922 at least seven (7) days prior to the date of the particular meeting.

Meetings may be cancelled from time to time with no advertised notice.

GRAND BAY AT DORAL COMMUNITY DEVELOPMENT DISTRICT

www.grandbayatdoralcdd.org

PUBLISH: MIAMI DAILY BUSINESS REVIEW 00/00/24

RESOLUTION 2024-05

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

WHEREAS, the Grand Bay at Doral Community Development District (the “District”) is a local unit of special-purpose government organized and existing under and pursuant to Chapters 189 and 190, Florida Statutes, as amended; and

WHEREAS, effective July 1, 2024, the Florida Legislature adopted House Bill 7013, codified as Chapter 2024-136, Laws of Florida (“HB 7013”) and creating Section 189.0694, Florida Statutes; and

WHEREAS, pursuant to HB 7013 and Section 189.0694, Florida Statutes, beginning October 1, 2024, the District shall establish goals and objectives for the District and create performance measures and standards to evaluate the District’s achievement of those goals and objectives; and

WHEREAS, the District Manager has prepared the attached goals, objectives, and performance measures and standards and presented them to the Board of the District; and
WHEREAS, the District’s Board of Supervisors (“Board”) finds that it is in the best interests of the District to adopt by resolution the attached goals, objectives and performance measures and standards.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE GRAND BAY AT DORAL COMMUNITY DEVELOPMENT DISTRICT:

SECTION 1. The recitals so stated are true and correct and by this reference are incorporated into and form a material part of this Resolution.
SECTION 2. The District Board of Supervisors hereby adopts the goals, objectives and performance measures and standards as provided in Exhibit A. The District Manager shall take all actions to comply with Section 189.0694, Florida Statutes, and shall prepare an annual report regarding the District’s success or failure in achieving the adopted goals and objectives for consideration by the Board of the District.

SECTION 3. If any provision of this resolution is held to be illegal or invalid, the other provisions shall remain in full force and effect.

SECTION 4. This resolution shall become effective upon its passage and shall remain in effect unless rescinded or repealed.

PASSED AND ADOPTED this 18th day of September, 2024.

ATTEST:	GRAND BAY AT DORAL COMMUNITY DEVELOPMENT DISTRICT

Secretary/Assistant Secretary	Chairman, Board of Supervisors

Exhibit A: Performance Measures/Standards and Annual Reporting

Exhibit A

Program/Activity:	District Administration
Goal:	Remain compliant with Florida Law for all district meetings
Objectives:
Notice all District regular, special, and public hearing meetings
Conduct all post-meeting activities
District records retained in compliance with Florida Sunshine Laws
Performance Measures:
All Meetings publicly noticed as required (yes/no)
Meeting minutes and post-meeting action completed (yes/no)
District records retained as required by law (yes/no)

Program/Activity:	District Finance
Goal:	Remain Compliant with Florida Law for all district financing activities
Objectives:
District adopted fiscal year budget
District amended budget at end of fiscal year
Process all District finance accounts receivable and payable
Support District annual financial audit activities
Performance Measures:
District adopted fiscal year budget (yes/no)
District amended budget at end of fiscal year (yes/no)
District accounts receivable/payable processed for the year (yes/no)
“No findings” for annual financial audit (yes/no)
If “yes” explain

Program/Activity:	District Operations
Goal:	Insure, Operate and Maintain District owned Infrastructure & assets
Objectives:
Annual renewal of District insurance policy(s)
Contracted Services for District operations in effect
Compliance with all required permits
Performance Measures:
District insurance renewed and in force (yes/no)
Contracted Services in force for all District operations (yes/no)
Permits in compliance (yes/no)

AFFIDAVIT OF PUBLICATION

Account #	Order Number	Identification	Order PO	Amount	Cols	Depth	
141987	588020	Print Legal Ad-IPL01917650 - IPL0191765		$1,314.03	2	45 L	

Attention:

Laura J. Archer

PUBLISHED DAILY

Grand Bay at Doral Community Development District c/o Special District Services, Inc.
2501A Burns Road
Palm Beach Gardens, Florida 33410 LArcher@sdsinc.org

MIAMI-DADE-FLORIDA
STATE OF FLORIDA COUNTY OF MIAMI-DADE
Before the undersigned authority personally appeared: Mary Castro, who on oath says that he/she is CUSTODIAN OF RECORDS of The Miami Herald, a daily newspaper published at Miami in Miami-Dade County, Florida; that the attached copy of the advertisement that was published was published in said newspaper in the issue
(s) of:
Publication: Miami Herald 2 insertion(s) published on:
08/30/24, 09/06/24

Affiant further says that the said Miami Herald is a newspaper published at Miami, in the said Miami-Dade County, Florida and that the said newspaper has heretofore been continuously published in said Dade County, Florida each day and has been entered a second class mail matter at the post office in Miami, in said Miami-Dade County, Florida, for a period of one year next preceding the first publication of the attached copy of advertisement; and affiant further says that he/she has neither paid or promised any person, firm or corporation any discount, rebate, commission or refund for the purpose of securing this advertisement for publication in the said newspaper(s).The McClatchy Company complies with all legal requirements for publication in chapter 50, Florida Statutes.

Sworn to and subscribed before me this 6th day of September in the year of 2024

Notary Public in and for the state of Texas, residing in Dallas County

Extra charge for lost or duplicate affidavits. Legal document please do not destroy!

RESOLUTION NO. 2024-06

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE GRAND BAY AT DORAL COMMUNITY DEVELOPMENT DISTRICT APPROVING AND ADOPTING A FISCAL YEAR 2024/2025 FINAL BUDGET PURSUANT TO CHAPTER 190, FLORIDA STATUTES; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the Board of Supervisors (the “Board”) of the Grand Bay at Doral Community Development District (“District”) has prepared a Proposed Operating Fund Budget for Fiscal Year 2024/2025, and the Board is empowered to provide a funding source to operate the District and to impose special assessments upon the properties within the District, as required; and

WHEREAS, the District has held a duly advertised Public Hearing to receive public comments on the Proposed Operating Fund Budget, has considered and adopted the Fiscal Year 2024/2025 Operating Fund Budget; and is now authorized to levy non-ad valorem assessments upon the assessable properties within the District.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE GRAND BAY AT DORAL COMMUNITY DEVELOPMENT DISTRICT, THAT:
Section 1.  The Operating Fund Budget for Fiscal Year 2024/2025 attached hereto as Exhibit “A” is accepted, approved and adopted.
Section 2.  The Secretary and/or Assistant Secretary of the District is authorized to execute any and all necessary transmittals, certifications or other acknowledgements or writings, as necessary, to comply with the intent of this Resolution.

PASSED, ADOPTED and EFFECTIVE this 18th day of September, 2024.

ATTEST:	GRAND BAY AT DORAL COMMUNITY DEVELOPMENT DISTRICT

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

Grand Bay At Doral Community Development District

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

CONTENTS

DETAILED FINAL BUDGET

BUDGET COMPARISON

DETAILED FINAL BUDGET - DORAL BREEZE

DETAILED FINAL BUDGET - MIDTOWN

DETAILED FINAL BUDGET - NORTH PARCEL

DETAILED FINAL BUDGET - SOUTH PARCEL

DETAILED FINAL 2022 (DORAL BREEZE) DEBT SERVICE FUND BUDGET

DETAILED FINAL 2014 (MIDTOWN) DEBT SERVICE FUND BUDGET

DETAILED FINAL 2014 (NORTH PARCEL) DEBT SERVICE FUND BUDGET

DETAILED FINAL 2016 (SOUTH PARCEL) DEBT SERVICE FUND BUDGET

ASSESSMENT COMPARISON - DORAL BREEZE

ASSESSMENT COMPARISON - MIDTOWN

ASSESSMENT COMPARISON - NORTH PARCEL

ASSESSMENT COMPARISON - SOUTH PARCEL

DETAILED FINAL 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 FINAL 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 FINAL 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 FINAL 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 FINAL 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 FINAL 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 FINAL 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 FINAL 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 FINAL 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
2 Bedroom Condo - Type 1	$	1,572.67	$	1,591.81	$	1,591.37	$	1,585.57	$	1,584.99	
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
1% County Property Appraiser Fee	55.00/.94 = 58.51

 Community Information:	
	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-		29.36 Acres				
Non-Residential counts as approximately		8.8% Of District				
300 units.						

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			

MEMORANDUM
TO:	District Manager

FROM:	Billing, Cochran, Lyles, Mauro & Ramsey, P.A. District Counsel

DATE:	August 9, 2024

RE:	2024 Legislative Update – Supplemental Information

As District Counsel, throughout the year we continuously monitor pending legislation that may be applicable to the governance and operation of our Community Development District and other Special District clients. Below is a summary of an additional law that was not included in the 2024 Legislative Update.

Chapter 2024 – 184, Laws of Florida (HB 7063). The legislation, among other things, amends section 787.06, F.S., to require nongovernmental entities, when a contract is executed, renewed, or extended, with a governmental entity, to provide an affidavit, signed by an officer or a representative of the nongovernmental entity under penalty of perjury, attesting that the nongovernmental entity does not use coercion for labor or services. Special districts, including community development districts, are defined as governmental entities under this statute. The effective date of this act is July 1, 2024.

For convenience, we have included a copy of the legislation referenced in this memorandum. In addition, attached is a form of the affidavit that nongovernmental entities will need to execute when entering, renewing, or extending a contract with a community development district or special district. We request that you include this supplemental memorandum as part of the agenda packages for upcoming meetings of the governing boards of those special districts in which you serve as the District Manager and this firm serves as District Counsel.

Enclosures (2)