HERITAGE SPRINGS
COMMUNITY DEVELOPMENT DISTRICT

AGENDA PACKAGE

MARCH 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

March 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, March 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 February 19, 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, February 19, 2018 at 2:30 p.m.

7	at 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	Les Elwonger	Supervisor	
17			
18	Also present were:		
19			
20	Andrew Mendenhall	District Manager	
21	Robert Dvorak	District Engineer	
22	Residents		
23			

24	The following is a summary of the minutes and actions taken at the February 19,

25	2018 Heritage Springs Board of Supervisors meeting.

26

27	FIRST ORDER OF BUSINESS	Roll Call

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

29	attendance.

30	SECOND ORDER OF BUSINESS	Consent Agenda		
31				
32	A.Approval of the Minutes of the January 15, 2018 Meeting
33	B.Approval of the Financial Statements

34

35		On  MOTION  by  Mr.  Wertovitch  seconded  by  Mr.			
36		Kachavos,  with  all  in  favor,  the  consent  agenda  was			
37		approved.				
38	THIRD ORDER OF BUSINESS	Public Comment on Agenda Items		
39				
40	None.				
41						

	February 19, 2018	Heritage Springs CDD	
42	FOURTH ORDER OF BUSINESS	Attorney’s Report	
43	None.		
44			
45	FIFTH ORDER OF BUSINESS	Engineer’s Report	
46	   Mr. Dvorak reported the bid package is out for the Hole 17 project.

47	oSent to four contractors.

48	oMandatory pre-bid meeting - one contractor showed up - BioMass.

49	oThe proposal cost is $37,863.50

50			
51			
	On  MOTION  by  Mr.  Wertovitch  seconded  by  Mr.		
52	Elwonger, with all in favor, the BioMass proposal for the		
53	Hole 17 project in the amount of $37,863.50 was approved.		
54			

55	   Mr. Dvorak noted there is a 10-day window to execute the contract.

56	oMr. Mendenhall will send to Mr. Vericker for review.

57	   For Walstone Court Mr. Dvorak to proceed with the SWFWMD ERP permitting

58	and design plan for the berm reconstruction.

59	oMr. Wertovitch received the easement documentation from Mr. Vericker

60		for residents Martin and Strack, and the HOA.  All are to be paid $1 for	
61		the easements to go through the property and the easements need to be	
62		notarized.	
63	o	Mr. Wertovitch will contact Pasco Well and Drilling once they are ready	
64		to move forward.	
65			

66	   Robert Trent Jones and Wetland 171-C) was discussed with it being noted they

67	want to look at it with the survey.

68

69	SIXTH ORDER OF BUSINESS	Manager’s Report

70	   Mr. Mendenhall reported he had an email from Mr. D’Amours regarding the

71	streetlights asking if he could follow-up on some of the lights they had reported

72	but not yet repaired.

73

74	SEVENTH ORDER OF BUSINESS	Maintenance Items

2

February 19, 2018	Heritage Springs CDD

75	   Mr. DePompa reviewed the 2018 Maintenance Plan.

76	   Discussion followed on:

77	oThe ACPLM work was completed with the addition of bladders needing to

78		be used to block the pipes during the process.  An additional $2,500 was	
79		authorized by Mr. Wertovitch for each project so work could continue.	
80	o	They have to determine if the RTJ project is going to be classified as	
81		maintenance or if will be new construction or an improvement.	
82				
83	EIGHTH ORDER OF BUSINESS	Supervisors’ Requests	
84	   Mr. Wertovitch addressed the issues with ACPLM and the meeting with the

85	owner and salespeople.

86	oThe result of the meeting was they will come back with a water wagon and

87	brush machine to clean up the roadway, but they will provide a quote for	
88	the cost to fix the gouges and oil stains.	

89	   Mr. Wertovitch addressed a proposal request for a Reserve Study from Reserve

90	Advisors.

91	oOn January 24, 2014 Mr. Rogers, District Engineer, provided a list of

92	CDD assets

93	   Mr. Elwonger addressed the work on the cul-de-sac at Steeple Court noting

94	during the work a couple of corners of the sidewalk were broken and they would

95	like it repaired.

96	   Mr. Mendenhall addressed the assessment notice noting it publishes the O&M

97	assessment only.

98	   Mr. McEwan addressed the concern regarding lighting in the parking lot noting an

99	engineer has done a survey and will issue a lumens report in the next week or two.

100	   Mr. McEwan addressed Pond 161-C and a residents concern regarding algae

101	noting there were some things Blue Water needed to take care of including

102	Hydrilla and Bullrush.  They are planning for the Phase 2 planting for the high-

103	visibility non golf course ponds.  They will do water testing to see if there has

104	been any improvement from the plantings.

105	   Mr. McEwan noted there are a number of ponds that need attention.

3

February 19, 2018	Heritage Springs CDD

106	o151-I has a lot of Hydrilla and algae.

107	oRecommended a walkthrough of all the ponds.

108	   Mr. McEwan addressed the 18-month fixed rate CD’s maturing in a few days and

109	noted the HOA is converting theirs to 6-month CD’s.

110	oMr. Mendenhall noted as the CD’s mature the accountant will look at the

111	banks to see where the best rate is.

112	   Mr. Wertovitch distributed and reviewed the ‘CDD Unprioritized To Do List’ and

113	‘Final Prioritized CDD To Do List’.

114						
115	NINTH ORDER OF BUSINESS	Audience Comments		
116	None.				
117						
118	TENTH ORDER OF BUSINESS	Adjournment		
119						
120					
		On MOTION by Mr. McEwan seconded by Mr. DePompa,			
121		with all in favor, the meeting was adjourned.			
122						
123						
124						
125			____________________________		
126			Steve Wertovitch		
127			Chairman		

4

2B.

Heritage Springs

Community Development District

Financial Report

February 28, 2018

Prepared by

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)

February 28, 2018

HERITAGE SPRINGS

Community Development District								Governmental Funds	
			Balance Sheet							
		February 28, 2018						
								SERIES 2008				
						SERIES 2006		DEBT				
							DEBT		SERVICE				
			GENERAL			SERVICE		FUND				
	ACCOUNT DESCRIPTION			FUND			FUND	(REFUNDING)		TOTAL	
	ASSETS												
	Cash - Checking Account	$	390,173	$	-	$	-	$	390,173		
	Due From Other Funds			-			11,543		7,698		19,241		
	Investments:												
	Certificates of Deposit - 18 Months			100,385			-		-		100,385		
	Money Market Account			817,238			-		-		817,238		
	Redemption Fund			-			-		1		1		
	Reserve Fund			-			64,938		8,888		73,826		
	Revenue Fund			-			161,486		111,962		273,448		
											
	TOTAL ASSETS	$	1,307,796	$	237,967	$	128,549	$	1,674,312		
													
	LIABILITIES												
	Accounts Payable	$	31,856	$	-	$	-	$	31,856		
	Accrued Expenses			2,900			-		-		2,900		
	Due To Other Funds			19,241			-		-		19,241		
													
	TOTAL LIABILITIES			53,997			-		-		53,997		
	FUND BALANCES												
	Restricted for:												
	Debt Service			-			237,967		128,549		366,516		
	Assigned to:												
	Operating Reserves			85,702			-		-		85,702		
	Reserves - Ponds			793,293			-		-		793,293		
	Unassigned:			374,804			-		-		374,804		
											
	TOTAL FUND BALANCES	$	1,253,799	$	237,967	$	128,549	$	1,620,315		
											
	TOTAL LIABILITIES & FUND BALANCES	$	1,307,796	$	237,967	$	128,549	$	1,674,312		

Report Date: 3/9/2018	Page 1

HERITAGE SPRINGS

Community Development District										General Fund		
	Statement of Revenues, Expenditures and Changes in Fund Balances						
	For the Period Ending February 28, 2018								
				ANNUAL					YTD ACTUAL						
	ACCOUNT DESCRIPTION			ADOPTED		YEAR TO DATE		AS A % OF			FEB-18		
				BUDGET			ACTUAL		ADOPTED BUD		ACTUAL		
	REVENUES														
	Interest - Investments	$	4,000	$	4,311	107.78%	$	2,104			
	Special Assmnts- Tax Collector			399,428			383,430	95.99%			9,451			
	Special Assmnts- Discounts			(15,977)			(15,049)	94.19%			(203)			
														
	TOTAL REVENUES			387,451			372,692	96.19%			11,352			
	EXPENDITURES														
	Administration														
	P/R-Board of Supervisors			9,000			3,600	40.00%			1,200			
	FICA Taxes			689			275	39.91%			92			
	ProfServ-Dissemination Agent			1,000			-	0.00%			-			
	ProfServ-Engineering			46,000			23,200	50.43%			8,425			
	ProfServ-Legal Services			5,000			1,900	38.00%			1,033			
	ProfServ-Mgmt Consulting Serv			35,874			14,948	41.67%			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			121	30.25%			48			
	Insurance - General Liability			5,242			5,011	95.59%			-			
	Printing and Binding			1,250			130	10.40%			25			
	Legal Advertising			2,100			108	5.14%			-			
	Miscellaneous Services			600			232	38.67%			46			
	Misc-Assessmnt Collection Cost			7,989			7,368	92.23%			185			
	Office Supplies			175			66	37.71%			22			
	Annual District Filing Fee			175			175		100.00%			-			
	Total Administration			138,068			68,971	49.95%			14,066			
	Field														
	Contracts-Lakes			40,000			14,500	36.25%			2,900			
	Electricity - Streetlighting			60,000			24,237	40.40%			4,870			
	R&M-Aquascaping			5,000			-	0.00%			-			
	R&M-Ponds			75,000			-	0.00%			-			
	R&M-Stormwater System			15,000			14,466	96.44%			14,466			
	Misc-Contingency			10,000			-	0.00%			-			
	Reserve - Ponds			44,383			-		0.00%			-			
	Total Field			249,383			53,203	21.33%			22,236			
	TOTAL EXPENDITURES			387,451			122,174	31.53%			36,302			
	Net change in fund balance	$	-	$	250,518	0.00%	$	(24,950)			
	FUND BALANCE, BEGINNING (OCT 1, 2017)			1,003,281			1,003,281								
	FUND BALANCE, ENDING	$	1,003,281	$	1,253,799								
Report Date: 3/9/2018											Page 2		

HERITAGE SPRINGS
Community Development District						Series 2006 Debt Service Fund		
Statement of Revenues, Expenditures and Changes in Fund Balances					
For the Period Ending February 28, 2018							
			ANNUAL					YTD ACTUAL					
ACCOUNT DESCRIPTION			ADOPTED		YEAR TO DATE		AS A % OF			FEB-18		
			BUDGET			ACTUAL		ADOPTED BUD			ACTUAL		
REVENUES													
Interest - Investments	$	-	$	116	0.00%	$	33		
Special Assmnts- Tax Collector			141,027			135,378	95.99%			3,337		
Special Assmnts- Discounts			(5,641)			(5,314)	94.20%			(72)		
TOTAL REVENUES			135,386			130,180	96.15%			3,298		
EXPENDITURES													
Administration													
Misc-Assessmnt Collection Cost			2,821			2,601		92.20%			65		
Total Administration			2,821			2,601	92.20%			65		
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			26,095	19.36%			65		
Excess (deficiency) of revenues													
Over (under) expenditures			577			104,085	0.00%			3,233		
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	$	104,085	0.00%	$	3,233		
FUND BALANCE, BEGINNING (OCT 1, 2017)			133,882			133,882							
FUND BALANCE, ENDING	$	134,459	$	237,967							

Report Date: 3/9/2018	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 February 28, 2018							
			ANNUAL					YTD ACTUAL					
ACCOUNT DESCRIPTION			ADOPTED		YEAR TO DATE		AS A % OF			FEB-18		
			BUDGET			ACTUAL		ADOPTED BUD			ACTUAL		
REVENUES													
Interest - Investments	$	-	$	69	0.00%	$	22		
Special Assmnts- Tax Collector			94,045			90,278	95.99%			2,225		
Special Assmnts- Discounts			(3,762)			(3,543)	94.18%			(48)		
TOTAL REVENUES			90,283			86,804	96.15%			2,199		
EXPENDITURES													
Administration													
Misc-Assessmnt Collection Cost			1,881			1,735		92.24%			44		
Total Administration			1,881			1,735	92.24%			44		
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			9,248	10.06%			44		
Excess (deficiency) of revenues													
Over (under) expenditures			(1,624)			77,556	0.00%			2,155		
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)	$	77,556	0.00%	$	2,155		
FUND BALANCE, BEGINNING (OCT 1, 2017)			50,993			50,993							
FUND BALANCE, ENDING	$	49,369	$	128,549							

Report Date: 3/9/2018	Page 4

Heritage Springs

Community Development District

Supporting Schedules

February 28, 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	
02/13/18		14,396		323		294		15,013		9,451		3,337		2,225	
															
TOTAL	$	573,477	$	23,906	$	11,704	$	609,088	$	383,431	$	135,378	$	90,278	

% COLLECTED							96%		96%		96%		96%	
													
TOTAL OUTSTANDING					$	25,413	$	15,998	$	5,649	$	3,767	

Report Date: 3/5/2018	Page 5

HERITAGE SPRINGS

Community Development District

Cash and Investment Report

February 28, 2018

General Fund

Account Name	Bank Name	Investment Type	Maturity	Yield		Balance		
Checking Acct - Operating	SunTrust Bank	Public Funds NOW	n/a	1.00%	$	390,173	**	
CD #4194	BankUnited	18 mo Fixed Rate CD	12/01/18	1.20%		100,385		
Public Funds Money Market	Bank United	MMA - #0143	n/a	1.00%		817,238		
								
				GF Total	$	1,307,796		

Debt Service Funds

Account Name	Bank Name	Investment Type		Maturity	Yield		Balance		
Series 2006 Reserve Fund	US Bank	US Bank Open-End CP	10/1/2018	0.00%	$	64,938		
Series 2006 Revenue Fund	US Bank	US Bank Open-End CP	10/1/2018	0.00%		161,486		
									
					DS 202 subtotal		226,424		
Series 2008A	Redemption	US Bank	US Bank Open-End CP	10/1/2018	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	10/1/2018	0.00%		111,962		
									
					DS 203 subtotal		120,851		
						DS Total	$	347,275		
				Total Cash & Investments				
					$	1,655,071		

**3/6/18 - $255,000 transferred to BankUnited MMA.

Report Date: 3/9/2018	Page 6

Heritage Springs CDD

Bank Reconciliation

Bank Account No.	1900	SunTrust Bank N.A. - GF	
Statement No.	02-2018		
Statement Date	2/28/2018		

G/L Balance (LCY)	390,172.74	Statement Balance	399,080.02					
	G/L Balance	390,172.74	Outstanding Deposits	0.00					
Positive Adjustments	0.00	Subtotal						
			399,080.02					

	Subtotal	390,172.74	Outstanding Checks	8,907.28					
Negative Adjustments	0.00	Differences	0.00					
Ending G/L Balance		Ending Balance						
									
	390,172.74		390,172.74					
	Difference	0.00							
Posting	Document	Document				Cleared			
Date	Type	No.	Description	Amount	Amount	Difference		
Outstanding Checks									
2/19/2018	Payment	002042	KENNETH MCEWAN	184.70	0.00	184.70		
2/19/2018	Payment	002044	BLUE WATER AQUATICS, INC	8,700.00	0.00	8,700.00		
2/19/2018	Payment	002045	FEDEX	22.58	0.00	22.58		
Total Outstanding Checks......................................................................................................................		8,907.28		8,907.28		

Page 7

HERITAGE SPRINGS COMMUNITY DEVELOPMENT DISTRICT

Payment Register by Fund

For the Period from 2/1/18 to 2/28/18 (Sorted by Check / ACH No.)

Fund	Check /	Date	Payee	Invoice No.	Payment Description	Invoice / GL Description	G/L Account #	Amount		
No.	ACH No.							Paid		

										

GENERAL FUND - 001

001	002035	02/08/18	FEDEX	6-057-61396	POSTAGE 01/8/18	Postage and Freight	541006-51301	$12.76		
001	002036	02/08/18	INFRAMARK, LLC	27136	1/18 MANAGEMENT FEES	ProfServ-Mgmt Consulting Serv	531027-51201	$2,989.50		
001	002036	02/08/18	INFRAMARK, LLC	27136	1/18 MANAGEMENT FEES	Postage and Freight	541006-51301	$2.30		
001	002036	02/08/18	INFRAMARK, LLC	27136	1/18 MANAGEMENT FEES	Printing and Binding	547001-51301	$15.75		
001	002037	02/08/18	JMT	21-113951	11/26-12/30/17 GEN ENGINEERING	ProfServ-Engineering	531013-51501	$11,970.00		
001	002038	02/08/18	STRALEY ROBIN VERICKER	15331	12/27/17-1/12/18 LEGAL SVCS	ProfServ-Legal Services	531023-51401	$322.50		
001	002044	02/19/18	BLUE WATER AQUATICS	23202	12/4, 12/15 AQUATIC SERVICES	Contracts-Lakes	534084-53901	$2,900.00		
001	002044	02/19/18	BLUE WATER AQUATICS	23350	1/5, 1/15, 1/29 AQUATIC SVCS	Contracts-Lakes	534084-53901	$2,900.00		
001	002044	02/19/18	BLUE WATER AQUATICS	22856	9/7/17, 9/22/17 AQUATIC SVCS	Contracts-Lakes	534084-53901	$2,900.00		
001	002045	02/19/18	FEDEX	6-071-55082	1/19 & 1/24 POSTAGE	Postage and Freight	541006-51301	$22.58		
001	DD115	02/02/18	DUKE ENERGY - ACH	011118-45492 ACH	12/11-1/11/18 ELEC ACH	Electricity - Streetlighting	543013-53901	$4,870.27		
001	002039	02/19/18	STEVEN WERTOVITCH	PAYROLL	February 19, 2018 Payroll Posting			$184.70		
001	002040	02/19/18  JOSEPH V. DE POMPA	PAYROLL	February 19, 2018 Payroll Posting			$184.70		
001	002041	02/19/18	GEORGE KACHAVOS	PAYROLL	February 19, 2018 Payroll Posting			$184.70		
001	002042	02/19/18	KENNETH MCEWAN	PAYROLL	February 19, 2018 Payroll Posting			$184.70		
001	002043	02/19/18	LESLIE C. ELWONGER	PAYROLL	February 19, 2018 Payroll Posting			$339.40		
							Fund Total			
								$29,983.86		

							Total Cks Paid	$29,983.86		

Report Date 3/12/2018	Page 8