HERITAGE SPRINGS
COMMUNITY DEVELOPMENT DISTRICT

AGENDA PACKAGE

FEBRUARY 19, 2018

Heritage Springs Community Development District

Inframark, Infrastructure Management Services
210 North University Drive, Suite 702 • Coral Springs, Florida 33071
Telephone: (954) 603-0033 • Fax: (954) 345-1292

February 12, 2018

Board of Supervisors
Heritage Springs Community Development District

Dear Board Members:

The regular meeting of the Board of Supervisors of the Heritage Springs Community Development District will be held Monday, February 19, 2018 at 2:30 P.M. at Heritage Springs Community Clubhouse, 11345 Robert Trent Jones Parkway, New Port Richey, Florida. Following is the advance agenda for the meeting:

1.	Roll Call

2.	Consent Agenda
A.	Approval of the Minutes of the January 15, 2018 Meeting
B.	Approval of the Financial Statements

3.	Public Comment on Agenda Items
4.	Attorney’s Report
5.	Engineer’s Report
6.	Manager’s Report
7.	Maintenance Items
8.	Supervisors’ Requests
9.	Audience Comments
10.	Adjournment

I look forward to seeing you at the meeting. Please call me if you have any questions.

Sincerely,

Andrew P. Mendenhall, PMP Secretary
/ms

cc:	John Vericker	Danny Tyler	Kimberlee DeBosier	Robert Dvorak

Second Order of Business

2A.

1	MINUTES OF MEETING	
2	HERITAGE SPRINGS	
3	COMMUNITY DEVELOPMENT DISTRICT	
4		
5	The regular meeting of the Board of Supervisors of the Heritage Springs	

6	Community Development District was held on Monday, January 15, 2018 at 2:30 p.m. at

7	the Heritage Springs Community Clubhouse, 11345 Robert Trent Jones Parkway, New

8	Port Richey, Florida.

9			
10	Present and constituting a quorum were:		
11			
12	Steve Wertovitch	Chairman	
13	Joe DePompa	Vice Chairman	
14	George Kachavos	Assistant Secretary	
15	Ken McEwan	Assistant Secretary	
16			
17	Also present were:		
18			
19	Andrew Mendenhall	District Manager	
20	Robert Dvorak	District Engineer	
21	Residents		
22			

23	The following is a summary of the minutes and actions taken at the January 15,

24	2018 Heritage Springs Board of Supervisors meeting.

25

26	FIRST ORDER OF BUSINESS	Roll Call

27	Mr. Mendenhall called the meeting to order and noted all Board members are in

28	attendance.

29	SECOND ORDER OF BUSINESS	Consent Agenda		
30				
31	A.Approval of the Minutes of the November 20, 2017 Meeting
32	B.Approval of the Financial Statements

33	   Line 49 - should be discussed rather than addressed.

34	   Line 84 - add in Section 3.

35		
36	On  MOTION  by  Mr.  Wertovitch  seconded  by  Mr.	
37	Kachavos,  with  all  in  favor,  the  consent  agenda  was	
38	approved, as amended.	
39		

40

	January 15, 2018	Heritage Springs CDD	
41	THIRD ORDER OF BUSINESS	Public Comment on Agenda Items	
42	None.		
43			
44	FOURTH ORDER OF BUSINESS	Attorney’s Report	
45	   Mr. Wertovitch noted Mr. Vericker needs to tell them what is needed in the way

46	of homeowner permission for the trench for the electrical for the Walstone Court

47	work.

48	oMr. Mendenhall will contact Mr. Vericker.

49

50	FIFTH ORDER OF BUSINESS	Engineer’s Report

51	   Mr. Dvorak reported on the Hole 17 project.

52	oMr. Wertovitch will set up a meeting with Roger regarding the project.

53	

54	Mr.  Wertovitch  moved  to  proceed  with  getting  a	
55	preliminary proposal.   The motion died for lack of a	
56	second.	
57		

58	o

59	   Mr. Dvorak outlined the survey around Robert Trent Jones wetland (Wetland 171-

60	C).

61	oMr. Dvorak reported on a pond bank stabilization product; he will obtain

62	more information on the product(s).

63	   Mr. Dvorak noted for Walstone Court, Mr. Wertovitch had asked him to confirm

64	with SWFWMD that the sub-pump and rebuilding of the berm would not require

65	a permit.

66	oSWFWMD does not have a problem with it but does require a minor

67	modification to ensure they have a record of everything attached to the	
68	permit.		
69			
70	SIXTH ORDER OF BUSINESS	Manager’s Report	
71	   Mr. Mendenhall reported he emailed Mr. Vericker about the electrical and what is

72	needed and his response was they will need a utility easement which he will

73	prepare once they determine the residence.

2

	January 15, 2018	Heritage Springs CDD	
74			
75	SEVENTH ORDER OF BUSINESS	Maintenance Items	
76	   Mr. DePompa reviewed the 2018 Maintenance Plan noting he extended the four

77	2017 projects not completed into 2018.

78	   Discussion followed on:

79	oThe wetland north of the back gate and whether the property is CDD or

80	Adam Smith Enterprises.

81	o151-I will be monitored.

82	oPond at the back of Hole 3/4 or 5/6 where the 48” pipe has the outlet.

83	The collar is separated from the pipe and there is bank erosion with it	
84	being noted the collar is serving no purpose and does not need repair.	
85			
86	EIGHTH ORDER OF BUSINESS	Supervisors’ Requests	
87	   Mr. Wertovitch addressed ACPLM noting he spoke with her again and told them

88	unless he hears from them by tomorrow afternoon they will no longer do business

89	with them. If he does not hear from them they will go back to the estimate from

90	BioMass.

91	oMr. DePompa noted the BioMass estimate is for Morning Rose Place only

92	and is for $4,353. ACPLM is $3,800.

93	   Mr. Wertovitch reported for Walstone Court he has found a contractor who will

94	put a pump in but is concerned about permits.

95	oThe cost is $9,300 for Curry Electric plus the cost of the pump, hose and

96		the berm.		
97	o	Mr. Dvorak will provide a diagram/legal description of the easement to be		
98		included as an exhibit to the Easement Agreement.		
99					
100					
		On  MOTION  by  Mr.  McEwan  seconded  by  Mr.			
101		Wertovitch, with all in favor, the Easement Agreement for			
102		the electricity with the homeowner was approved.			
103					

104	   Discussion followed on when BioMass will be onsite again.

105	   Mr. Wertovitch addressed the appointment to fill the vacancy in Seat 2.

3

	January 15, 2018	Heritage Springs CDD		
106	o	Mr. Johnstone has withdrawn his name for consideration.		
107						
108					
		On  MOTION  by  Mr.  Wertovitch  seconded  by  Mr.			
109		McEwan, with all in favor, Mr. Leslie (Les) Elwonger was			
110		appointed to Seat 2 (11/2018).				
111						

112	   Mr. DePompa noted Mr. Elwonger will be assigned Section 4 of the community

113	and will be provided a diagram of the assigned area.

114	   Mr. Mendenhall being a Notary Public of the State of Florida administered the

115	oath of office to Mr. Elwonger; a copy of the signed oath is attached hereto and

116	made a part of the public record.

117	   Mr. Mendenhall outlined the Sunshine Law, Form 1 and qualifying for the general

118	election.

119	   Mr. Wertovitch inquired if the Board would appoint Mr. Elwonger as the project

120	manager for the Hole 17 project. The consensus of the Board is yes.

121	   Mr. Wertovitch will send a letter to the other two candidates letting them know of

122	the appointment and thanking them for their interest.

123	   Mr. Kachavos noted everything is Section 3 is pretty stable.

124	   Mr. McEwan addressed the resident concern regarding lighting in the parking lot.

125	He contacted Duke Energy and did not get a reply for two months.  He was

126	informed there  is  a  department  that can do a  remote lumens  report  with

127	recommendations as to whether they are sufficient for the area they are intended.

128	He will follow-up with them.

129	   Discussion followed on the priority list with Mr. Wertovitch noting he has the

130	information but needs to review and compile the list.

131	   Mr. McEwan addressed Pond 161-C noting there is some concern about the

132	plantings.

133	   Mr. Wertovitch inquired as to what they decided to do about a financial reserve

134	analysis?

135	oMr. Mendenhall responded the Board was still debating and Mr. McEwan

136	had provided some information from Reserve Advisors.

4

	January 15, 2018	Heritage Springs CDD		
137	o	Mr. McEwan noted he will provide information for another company they		
138		used.				
139	o	Discussion continued on a having reserve analysis done.		
140						
141	NINTH ORDER OF BUSINESS	Audience Comments		
142	None.					
143						
144	TENTH ORDER OF BUSINESS	Adjournment		
145						
146					
		On MOTION by Mr. Kachavos seconded by Mr. McEwan,			
147		with all in favor, the meeting was adjourned.			
148						
149						
150						
151			____________________________		
152			Steve Wertovitch		
153			Chairman		

5

2B.

HERITAGE SPRINGS

Community Development District

Financial Report

January 31, 2018

HERITAGE SPRINGS

Community Development District

Table of Contents

FINANCIAL STATEMENTS			
Balance Sheet - All Funds	………………………………………………….	Page 1	
Statement of Revenues, Expenditures and Changes in Fund Balances		
General Fund	………………………………………………….	Page 2	
Debt Service Fund(s)	………………………………………………….	Page 3 - 4	
SUPPORTING SCHEDULES			
Non-Ad Valorem Special Assessments	………………………………………………….	Page 5	
Investment and Cash Balance Report	………………………………………………….	Page 6	
SunTrust Bank Reconciliation	………………………………………………….	Page 7	
Check Register	………………………………………………….	Page 8	

Heritage Springs

Community Development District

Financial Statements

(Unaudited)

January 31, 2018

HERITAGE SPRINGS
Community Development District									Governmental Funds	
				Balance Sheet									
			January 31, 2018								
									SERIES 2008					
						SERIES 2006			DEBT					
							DEBT			SERVICE					
				GENERAL			SERVICE			FUND					
	ACCOUNT DESCRIPTION			FUND			FUND		(REFUNDING)			TOTAL	
	ASSETS														
	Cash - Checking Account	$	405,677	$	-	$	-	$	405,677		
	Due From Other Funds			-			8,344			5,564			13,908		
	Investments:														
	Certificates of Deposit - 18 Months			404,024			-			-			404,024		
	Money Market Account			511,838			-			-			511,838		
	Redemption Fund			-			-			1			1		
	Reserve Fund			-			64,938			8,888			73,826		
	Revenue Fund			-			161,453			111,940			273,393		
												
	TOTAL ASSETS	$	1,321,539	$	234,735	$	126,393	$	1,682,667		
															
	LIABILITIES														
	Accounts Payable	$	20,183	$	-	$	-	$	20,183		
	Accrued Expenses			8,700			-			-			8,700		
	Due To Other Funds			13,908			-			-			13,908		
															
	TOTAL LIABILITIES			42,791			-			-			42,791		
	FUND BALANCES														
	Restricted for:														
	Debt Service			-			234,735			126,393			361,128		
	Assigned to:														
	Operating Reserves			85,702			-			-			85,702		
	Reserves - Ponds			793,293			-			-			793,293		
	Unassigned:			399,753			-			-			399,753		
												
	TOTAL FUND BALANCES	$	1,278,748	$	234,735	$	126,393	$	1,639,876		
												
	TOTAL LIABILITIES & FUND BALANCES	$	1,321,539	$	234,735	$	126,393	$	1,682,667		

Report Date: 2/7/2018	Page 1

HERITAGE SPRINGS

Community Development District	General Fund

Statement of Revenues, Expenditures and Changes in Fund Balances

For the Period Ending January 31, 2018

			ANNUAL					YTD ACTUAL					
ACCOUNT DESCRIPTION			ADOPTED		YEAR TO DATE		AS A % OF			JAN-18		
			BUDGET			ACTUAL		ADOPTED BUD			ACTUAL		
REVENUES													
Interest - Investments	$	4,000	$	2,208	55.20%	$	771		
Special Assmnts- Tax Collector			399,428			373,979	93.63%			13,238		
Special Assmnts- Discounts			(15,977)			(14,846)	92.92%			(397)		
TOTAL REVENUES			387,451			361,341	93.26%			13,612		
EXPENDITURES													
Administration													
P/R-Board of Supervisors			9,000			2,400	26.67%			800		
FICA Taxes			689			184	26.71%			61		
ProfServ-Dissemination Agent			1,000			-	0.00%			-		
ProfServ-Engineering			46,000			14,775	32.12%			11,970		
ProfServ-Legal Services			5,000			868	17.36%			323		
ProfServ-Mgmt Consulting Serv			35,874			11,958	33.33%			2,990		
ProfServ-Property Appraiser			150			-	0.00%			-		
ProfServ-Special Assessment			7,500			7,500	100.00%			-		
ProfServ-Trustee Fees			8,674			4,337	50.00%			-		
ProfServ-Web Site Maintenance			750			-	0.00%			-		
Auditing Services			5,500			-	0.00%			-		
Postage and Freight			400			73	18.25%			15		
Insurance - General Liability			5,242			5,011	95.59%			-		
Printing and Binding			1,250			105	8.40%			16		
Legal Advertising			2,100			108	5.14%			-		
Miscellaneous Services			600			186	31.00%			47		
Misc-Assessmnt Collection Cost			7,989			7,183	89.91%			257		
Office Supplies			175			44	25.14%			-		
Annual District Filing Fee			175			175		100.00%			-		
Total Administration			138,068			54,907	39.77%			16,479		
Field													
Contracts-Lakes			40,000			11,600	29.00%			2,900		
Electricity - Streetlighting			60,000			19,367	32.28%			4,870		
R&M-Aquascaping			5,000			-	0.00%			-		
R&M-Ponds			75,000			-	0.00%			-		
R&M-Stormwater System			15,000			-	0.00%			-		
Misc-Contingency			10,000			-	0.00%			-		
Reserve - Ponds			44,383			-		0.00%			-		
Total Field			249,383			30,967		12.42%			7,770		
												
TOTAL EXPENDITURES			387,451			85,874	22.16%			24,249		
Net change in fund balance	$	-	$	275,467	0.00%	$	(10,637)		
FUND BALANCE, BEGINNING (OCT 1, 2017)			1,003,281			1,003,281							
FUND BALANCE, ENDING	$	1,003,281	$	1,278,748							

Page 2

Report Date: 2/7/2018

HERITAGE SPRINGS
Community Development District	Series 2006 Debt Service Fund

Statement of Revenues, Expenditures and Changes in Fund Balances

For the Period Ending January 31, 2018

			ANNUAL					YTD ACTUAL					
ACCOUNT DESCRIPTION			ADOPTED		YEAR TO DATE		AS A % OF			JAN-18		
			BUDGET			ACTUAL		ADOPTED BUD			ACTUAL		
REVENUES													
Interest - Investments	$	-	$	84	0.00%	$	19		
Special Assmnts- Tax Collector			141,027			132,041	93.63%			4,674		
Special Assmnts- Discounts			(5,641)			(5,242)	92.93%			(140)		
TOTAL REVENUES			135,386			126,883	93.72%			4,553		
EXPENDITURES													
Administration													
Misc-Assessmnt Collection Cost			2,821			2,536		89.90%			91		
Total Administration			2,821			2,536	89.90%			91		
Debt Service													
Debt Retirement Series A			85,000			-	0.00%			-		
Interest Expense Series A			46,988			23,494		50.00%			-		
Total Debt Service			131,988			23,494		17.80%			-		
												
TOTAL EXPENDITURES			134,809			26,030	19.31%			91		
Excess (deficiency) of revenues													
Over (under) expenditures			577			100,853	0.00%			4,462		
OTHER FINANCING SOURCES (USES)													
Contribution to (Use of) Fund Balance			577			-	0.00%			-		
												
TOTAL FINANCING SOURCES (USES)			577			-	0.00%			-		
Net change in fund balance	$	577	$	100,853	0.00%	$	4,462		
FUND BALANCE, BEGINNING (OCT 1, 2017)			133,882			133,882							
FUND BALANCE, ENDING	$	134,459	$	234,735							

Report Date: 2/7/2018	Page 3

HERITAGE SPRINGS
Community Development District	Series 2008 Debt Service Fund (Refunding)

Statement of Revenues, Expenditures and Changes in Fund Balances

For the Period Ending January 31, 2018

			ANNUAL					YTD ACTUAL					
ACCOUNT DESCRIPTION			ADOPTED		YEAR TO DATE		AS A % OF			JAN-18		
			BUDGET			ACTUAL		ADOPTED BUD			ACTUAL		
REVENUES													
Interest - Investments	$	-	$	46	0.00%	$	12		
Special Assmnts- Tax Collector			94,045			88,053	93.63%			3,117		
Special Assmnts- Discounts			(3,762)			(3,495)	92.90%			(94)		
TOTAL REVENUES			90,283			84,604	93.71%			3,035		
EXPENDITURES													
Administration													
Misc-Assessmnt Collection Cost			1,881			1,691		89.90%			60		
Total Administration			1,881			1,691	89.90%			60		
Debt Service													
Principal Debt Retirement			75,000			-	0.00%			-		
Interest Expense			15,026			7,513		50.00%			-		
Total Debt Service			90,026			7,513		8.35%			-		
												
TOTAL EXPENDITURES			91,907			9,204	10.01%			60		
Excess (deficiency) of revenues													
Over (under) expenditures			(1,624)			75,400	0.00%			2,975		
OTHER FINANCING SOURCES (USES)													
Contribution to (Use of) Fund Balance			(1,624)			-	0.00%			-		
												
TOTAL FINANCING SOURCES (USES)			(1,624)			-	0.00%			-		
Net change in fund balance	$	(1,624)	$	75,400	0.00%	$	2,975		
FUND BALANCE, BEGINNING (OCT 1, 2017)			50,993			50,993							
FUND BALANCE, ENDING	$	49,369	$	126,393							

Report Date: 2/7/2018	Page 4

Heritage Springs

Community Development District

Supporting Schedules

January 31, 2018

HERITAGE SPRINGS

Community Development District

Non-Ad Valorem Special Assessments - Pasco County Tax Collector

(Monthly Collection Distributions)

For the Fiscal Year Ending September 30, 2018

										ALLOCATION BY FUND		
				Discount /				Gross							
Date	Net Amount		(Penalties)	Collection		Amount		General	Series 2006	Series 2008	
Received		Received		Amount		Costs		Received		Fund	Debt Service	Debt Service	
Assessments Levied					$	634,501	$	399,429	$	141,027	$	94,045	
Allocation %								100%		63%		22%		15%	
11/10/17	$	14,484	$	783	$	296	$	15,563	$	9,797	$	3,459	$	2,307	
11/22/17		117,331		4,988		2,395		124,714		78,509		27,719		18,485	
12/05/17		138,345		5,879		2,823		147,047		92,569		32,683		21,795	
12/08/17		88,473		3,761		1,806		94,040		59,199		20,902		13,938	
12/15/17		162,910		6,926		3,325		173,161		109,007		38,487		25,666	
12/29/17		17,550		614		358		18,522		11,660		4,117		2,745	
01/11/18		19,990		631		408		21,028		13,238		4,674		3,117	
															
TOTAL	$	559,081	$	23,583	$	11,410	$	594,075	$	373,980	$	132,041	$	88,053	

% COLLECTED							94%		94%		94%		94%	
													
TOTAL OUTSTANDING					$	40,426	$	25,449	$	8,986	$	5,992	

Report Date: 1/31/2018	Page 5

HERITAGE SPRINGS

Community Development District

Cash and Investment Report

January 31, 2018

General Fund

Account Name	Bank Name	Investment Type	Maturity	Yield		Balance		
Checking Acct - Operating	SunTrust Bank	Public Funds NOW	n/a	0.63%	$	405,677	**	
CD #5659	BankUnited	18 mo Fixed Rate CD	02/22/18	1.10%		101,213		
CD #5663	BankUnited	18 mo Fixed Rate CD	02/22/18	1.10%		101,213		
CD #5665	BankUnited	18 mo Fixed Rate CD	02/22/18	1.10%		101,213		
CD #4194	BankUnited	18 mo Fixed Rate CD	12/01/18	1.20%		100,385		
								
				CD Subtotal		404,024		
Public Funds Money Market	Bank United	MMA - #0143	n/a	1.00%		511,838		
							
			MMA Subtotal		511,838		
				GF Total	$	1,321,539		

Debt Service Funds

Account Name	Bank Name	Investment Type		Maturity	Yield		Balance		
Series 2006 Reserve Fund	US Bank	US Bank Open-End CP	2/1/2018	0.00%	$	64,938		
Series 2006 Revenue Fund	US Bank	US Bank Open-End CP	2/1/2018	0.00%		161,453		
									
					DS 202 subtotal		226,391		
Series 2008A	Redemption	US Bank	US Bank Open-End CP	2/1/2018	0.00%		1		
Series 2008A	Debt Svc Rsrv	US Bank	Government Obligation Fund		n/a	0.00%		8,888		
Series 2008A	Revenue Fund	US Bank	US Bank Open-End CP	2/1/2018	0.00%		111,940		
									
					DS 203 subtotal		120,829		
						DS Total	$	347,220		
				Total Cash & Investments				
					$	1,668,759		

** 2/8/18 - $255,000 transferred to BankUnited MMA.

Report Date: 2/7/2018	Page 6

Heritage Springs CDD

Bank Reconciliation

Bank Account No.	1900	SunTrust Bank N.A. - GF	
Statement No.	01-18		
Statement Date	1/31/2018		

G/L Balance (LCY)	405,677.13	Statement Balance	405,677.13					
	G/L Balance	405,677.13	Outstanding Deposits	0.00					
Positive Adjustments	0.00	Subtotal						
			405,677.13					

	Subtotal	405,677.13	Outstanding Checks	0.00					
Negative Adjustments	0.00	Differences	0.00					
Ending G/L Balance		Ending Balance						
									
	405,677.13		405,677.13					
	Difference	0.00							
Posting	Document	Document				Cleared			
Date	Type	No.	Description	Amount	Amount	Difference		

Page 7

HERITAGE SPRINGS COMMUNITY DEVELOPMENT DISTRICT

Payment Register by Fund

For the Period from 1/1/18 to 1/31/18 (Sorted by Check / ACH No.)

Fund	Check /	Date	Payee	Invoice No.	Payment Description	Invoice / GL Description	G/L Account #	Amount	I		
No.	ACH No.							Paid			
											
GENERAL FUND - 001								
001	002028	01/05/18	BIOMASS TECH	1764	1021 Ashbourne Inlet Rpr 8/21	R&M-Stormwater System	546090-53901	$2,543.09			
001	002029	01/05/18	INFRAMARK, LLC	26135	ASSESSMENT ROLL SERVICE	ProfServ-Special Assessment	531038-51301	$7,500.00			
001	002029	01/05/18	INFRAMARK, LLC	26204	DEC 2017 MGMT FEES	ProfServ-Mgmt Consulting Serv	531027-51201	$2,989.50			
001	002029	01/05/18	INFRAMARK, LLC	26204	DEC 2017 MGMT FEES	Postage and Freight	541006-51301	$5.06			
001	002029	01/05/18	INFRAMARK, LLC	26204	DEC 2017 MGMT FEES	Printing and Binding	547001-51301	$46.45			
001	002029	01/05/18	INFRAMARK, LLC	26204	DEC 2017 MGMT FEES	Office Supplies	551002-51301	$22.00			
001	002029	01/05/18	INFRAMARK, LLC	26204	DEC 2017 MGMT FEES	Electricity - Streetlighting	543013-53901	($24.15)			
001	002030	01/05/18	STRALEY ROBIN VERICKER	15249	11/17-12/11/2017 LEGAL SVCS	ProfServ-Legal Services	531023-51401	$127.50			
001	DD114	01/11/18	DUKE ENERGY - ACH	121117-45492 ACH	11/9-12/11/17 ELEC ACH	31213-45492 ACH	543013-53901	$4,840.17			
001	002031	01/15/18	STEVEN WERTOVITCH	PAYROLL	January 15, 2018 Payroll Posting			$184.70			
001	002032	01/15/18	JOSEPH V. DE POMPA	PAYROLL	January 15, 2018 Payroll Posting			$184.70			
001	002033	01/15/18	GEORGE KACHAVOS	PAYROLL	January 15, 2018 Payroll Posting			$184.70			
001	002034	01/15/18	KENNETH MCEWAN	PAYROLL	January 15, 2018 Payroll Posting			$184.70			
							Fund Total				
								$18,788.42			

							Total Checks Paid	$18,788.42			

Report Date 2/7/2018	Prepared by:	Page 8		
	Severn Trent Management Services