Elevation Pointe Community Development District
Agenda April 22, 2022

!!"#$%

Elevation Pointe
Community Development District
Revised Meeting Agenda
Friday	Offices of GMS-NF, LLC
April 22, 2022	475 West Town Place, Suite 114
9:30 AM	St. Augustine, Florida 32092

Roll Call
Public Comment Period
Organizational Matters – Added
Acceptance of Resignation of Kristin Banks
Appointment of Individual to Fulfill the Board Vacancy with a Term Ending November 2023
Administration of Oath of Office to Newly Appointed Supervisor
Consideration of Resolution 2022-06 Electing Assistant Secretary
Approval of Minutes of the February 25, 2022 Board of Supervisors Meeting
Consideration of Resolution 2022-04 Supplemental Assessment Resolution Series 2022A-1 and 2022A-2 Bonds
Consideration of Resolution 2022-05 Approving the Proposed Budget for Fiscal Year 2023 and Setting a Public Heating
Staff Reports
Attorney
Engineer
District Manager’s Report
Balance Sheet and Income Statement
Ratification of Funding Request #15 - #17
Other Business
Supervisors Requests
Next Meeting Date – May 27, 2022
Adjournment

!!"#$%&  3

!!"#$%& "

From: George Flint gflint@gmscfl.com 
Subject: Fwd: Elevation Pointe CDD - resignation
Date: April 19, 2022 at 8:58 AM
To: Cari Urrutic currutic@gmscfl.com, Monica Virgen mvirgen@gmscfl.com

Begin forwarded message:

From: Kristin Banks <kristin@elevationdev.com> Subject: Elevation Pointe CDD - resignation Date: April 19, 2022 at 8:46:15 AM EDT
To: "George Flint (gflint@gmscfl.com)" <gflint@gmscfl.com>
Cc: Owais Khanani <owais@elevationdev.com>, Maria Rust <maria@elevationdev.com>, Mike Rich
<miker@elevationdev.com>

Dear members of the Elevation Pointe CDD and George Flint, please note, I am notifying the Board that I am herby resigning from the Elevation Pointe CDD Board as of April 19, 2022.

Kristin Banks
Senior Administrator Elevation Development, LLC 189 South Orange Ave, Suite 1550
Orlando, FL 32801
O: 407.270.8866 Ext. 109
Kristin@elevationdev.com www.ElevationDev.com

Please send all invoices to AccountsPayable@ElevationDev.com
George S. Flint Vice-President
Governmental Management Services - Central Florida, LLC
219 East Livingston Street Orlando, Florida 32801
Tel: (407) 841-5524
Cell: (407) 242-0501
Fax: (407) 839-1526
email: gflint@gmscfl.com

!!"#$%&  D

RESOLUTION 2022-06

A RESOLUTION OF THE ELEVATION POINTE COMMUNITY DEVELOPMENT DISTRICT ELECTING AN ASSISTANT SECRETARY OF THE BOARD OF SUPERVISORS

WHEREAS, the Board of Supervisors of the Elevation Pointe Community District desires to elect 	 as an Assistant Secretary.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE ELEVATION POINTE COMMUNITY DEVELOPMENT DISTRICT:

	 Board of Supervisors.

Adopted this 22nd day of April, 2022.

is elected Assistant Secretary of the

 	
Secretary/Assistant Secretary	Chairman/Vice Chairman

!!"#$%&  "#

MINUTES OF MEETING ELEVATION POINTE
COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the Elevation Pointe Community Development District was held Friday, February 25, 2022 at 9:30 a.m. at the Offices of GMS- NF, LLC, 475 West Town Place, Suite 114, St. Augustine, Florida.

Present and constituting a quorum:

Owais Khanani	Chairman
Michael Rich	Assistant Secretary
Kristen Banks	Assistant Secretary Also present were:
George Flint	District Manager, GMS
Jonathan Johnson	District Counsel
Brian Deitsch	District Engineer
Peter Dame	Akerman
Tim Bramwell	Akerman
Sete Zara by phone	MBS
Maria Rust	Nominated as Assistant Secretary

FIRST ORDER OF BUSINESS	Roll Call
Mr. Flint called the meeting to order and called the roll. Three Board members were present constituting a quorum.

SECOND ORDER OF BUSINESS	Public Comment Period
Mr. Flint noted that only Board members and staff were present at the meeting. The next item followed.

THIRD ORDER OF BUSNESS	Organizational Matters
Acceptance of Resignation of Shaman Foradi

February 25, 2022	Elevation Pointe CDD

Mr. Flint stated a letter of resignation had been received by Mr. Shaman Foradi and he asked for the Board approved.

On MOTION by Mr. O. Khanani, seconded by Mr. Rich, with all in favor, the Resignation Letter from Shaman Foradi, was approved.

Appointment of Individual to Fulfill the Board Vacancy with a Term Ending November 2024
Mr. Flint stated anytime a vacancy is created during a term of office the Board appoints a replacement. He added the seat has a term ending 2024 and asked for nominations. Mr. Khanani nominated Maria Rust.

On MOTION by Mr. Owais Khanani, seconded by Mr. Rich, with all in favor, the Appointment of Maria Rust to Fulfill the Board Vacancy with a Term Ending November 24, 2024, was approved.

Administration of Oath of Office to Newly Appointed Supervisor
Mr. Flint reviewed the paperwork needed and administered the oath of office to Maria Rust. Mr. Flint noted she was appointed to another Board yesterday and asked Mr. Johnson if there was any other legal information she needed for the position. He noted if there were questions to contact him or Mr. Flint. Ms. Rust was given the option to receive compensation.

Consideration of Resolution 2022-02 Electing Officers
Mr. Flint stated that election of officers is required. He reviewed the current officers as Owais Khanani as Chair, the vacancy created by Mr. Foradi as Vice Chair, and Michael and Kristen as Assistant Secretaries. He asked the Board for how they would like to appoint. The motion as made to make Maria Rust Vice Chair. The new slate of Officers would be Mr. O. Khanani as Chair, Ms. Rust as Vice-Chair, Ms. Burns would be Treasurer, Mr. Flint as Secretary, Mr. Rich, Ms. Kristen Banks, and Mr. J. Khanani as Assistant Secretaries. Also, and Ms. Costa as Assistant Treasurer.

On MOTION by Mr. Owais Khanani, seconded by Mr. Rich, with all in favor, Resolution 2022-02 Election of Officers with Mr. Owais Khanani as Chair, Ms. Maria Rust as Vice Chair, Mr. Michael Rich, Mr. Jawaad Khanani, Ms. Kristen Banks as Assistant Secretaries, Mr.

2

February 25, 2022	Elevation Pointe CDD

Flint as Secretary, Ms. Burns as Treasurer and Ms. Costa as Assistant Treasurer, was approved.

FOURTH ORDER OF BUSNESS	Approval of Minutes of August 27, 2021
Board of Supervisors Meeting and Acceptance of Minutes of August 27, 2021 Audit Committee Meeting
Mr. Flint presented the minutes of the August 27, 2021 Board of Supervisors meeting and the minutes of the August 27, 2021 Audit Committee meeting and asked for any comments, corrections, or changes to the minutes. The Board had no changes to the minutes.

On MOTION by Mr. Rich, seconded by Mr. Owais Khanani, with all in favor, the Minutes from the August 27, 2021 Board of Supervisors Meeting and the Minutes of the August 27, 2021 Audit Committee Meeting, were approved.

FIFTH ORDER OF BUSINESS	Financing Matters
Engineer’s Report
Mr. Flint noted the Engineer’s Report was dated July of 2021 and the report had not changed. He added it was provided for informational purposes. Mr. Johnson added that the report will be the key exhibit to the documents being approved.

Supplemental Assessment Methodology
Mr. Flint stated this is a pre-pricing version of a methodology that will be included in the offering statement. He added it does not reflect the final terms of the pricing. This is for informational purposes only and will be finalized and brought back to the Board.

On MOTION by Mr. Rich, seconded by Ms. Rust, with all in favor, the Supplemental Assessment Methodology, was approved.

Consideration of Resolution 2022-01 Delegation Resolution
Mr. Flint noted that Mr. Dame and Mr. Bramwell with Akerman were in attendance. Mr. Dame presented the resolution with an overview. He noted the Board approved the issuance of bonds by resolution last year and the bonds were taken to Circuit Court for bond validation proceeding. The bonds are now validated, and they are ready to authorize the issuance of a specific

3

February 25, 2022	Elevation Pointe CDD

series of bonds. This resolution authorizes bonds in an amount not to exceed $12,500,000. It delegates the Chairman and staff to take actions necessary for marketing of bonds and issuance of bonds. He pointed out the delegation parameters. He noted the current maximum interest rate at 5.25%. The final maturity is May 1, 2053.

On MOTION by Mr. Owais Khanani, seconded by Mr. Rich, with all in favor, the Resolution 2022-01 Delegation Resolution, was approved.

SIXTH ORDER OF BUSINESS	Ratification of Agreement with Grau &
Associates to Provide Auditing Services for Fiscal Year 2021
This item was not discussed.

SEVENTH ORDER OF BUSINESS	Ratification of Engagement Letter with
Kutak Rock LLP for Legal Services
Mr. Johnson noted that the law office has transitioned to Kutak Rock, LLP for legal services. He added the name and address for the offices have changed to Kutak Rock, LLP for legal services, but everything else remains the same.

On MOTION by Mr. Owais Khanani, seconded by Mr. Rich, with all in favor, the Engagement Letter with Kutak Rock LLP for Legal Services, was ratified.

EIGHTH ORDER OF BUSINESS	Staff Reports
Attorney
Mr. Johnson did not have anything further to report.

Engineer
Mr. Deitsch noted the site is under construction and permits were received.

District Manager’s Report
Balance Sheet and Income Statement
Mr. Flint presented the unaudited financials through January 31, 2022. No action was required, but Mr. Flint offered to answer any questions from the Board.

4

February 25, 2022	Elevation Pointe CDD

Ratification of FY2021 Funding Request #8 – #14
Mr. Flint noted that Funding Request #8- #14 was transmitted to the developer under the funding agreement.

On MOTION by Mr. Rich, seconded by Ms. Rust, with all in favor, the FY2021 Funding Request #8- #14, was ratified.

NINTH ORDER OF BUSINESS	Other Business
There being none, the next item followed.

TENTH ORDER OF BUSINESS	Supervisors Requests
There being none, the next item followed.

ELEVENTH ORDER OF BUSINESS	Next Meeting Date- March 25, 2022
Mr. Flint noted that the next meeting date would be March 25, 2022. MBS was on the phone to give updates on financing. Ms. Zara updated the Board and noted that more information would be brought to the next meeting contingent upon permitting.

TWELFTH ORDER OF BUSINESS	Adjournment
Mr. Flint adjourned the meeting.

On MOTION by Mr. Owais Khanani, seconded by Mr. Rich, with all in favor, the meeting was adjourned.

Secretary/Assistant Secretary	Chairman/Vice Chairman

5

!!"#$%& "

1
RESOLUTION 2022-04

A RESOLUTION SETTING FORTH THE SPECIFIC TERMS OF THE ELEVATION POINTE COMMUNITY DEVELOPMENT DISTRICT SPECIAL ASSESSMENT REVENUE BONDS, SERIES 2022A-1 AND SERIES 2022A-2; CONFIRMING THE DISTRICT’S PROVISION OF INFRASTRUCTURE IMPROVEMENTS AND ADOPTING AN ENGINEER’S REPORT; CONFIRMING AND ADOPTING A SUPPLEMENTAL ASSESSMENT REPORT; CONFIRMING, ALLOCATING AND AUTHORIZING THE COLLECTION OF SPECIAL ASSESSMENTS SECURING SERIES 2022A BONDS; PROVIDING FOR THE APPLICATION OF TRUE-UP PAYMENTS; PROVIDING FOR THE SUPPLEMENT TO THE IMPROVEMENT LIEN BOOK; PROVIDING FOR THE RECORDING OF A NOTICE OF SERIES 2022A SPECIAL ASSESSMENTS; PROVIDING FOR CONFLICTS, SEVERABILITY AND AN EFFECTIVE DATE.

WHEREAS, the Elevation Pointe Community Development District (“District”) has previously indicated its intention to undertake, install, establish, construct or acquire certain public infrastructure improvements and to finance such public infrastructure improvements through the imposition of special assessments on benefitted property within the District and the issuance of bonds; and

WHEREAS, the District’s Board of Supervisors (“Board”) has previously adopted, after notice and public hearing, Resolution 2021-34 relating to the imposition, levy, collection and enforcement of such special assessments; and

WHEREAS, pursuant to and consistent with the terms of Resolution 2021-34, this Resolution shall set forth the terms of bonds actually issued by the District, and apply the adopted special assessment methodology to the actual scope of the project to be completed with a series of bonds and the terms of the bond issue; and

WHEREAS, on April 6, 2022, the District entered into a Bond Purchase Contract whereby it agreed to sell its $4,490,000 Special Assessment Revenue Bonds, Series 2022A-1 (“Series 2022A-1 Bonds”) and $5,905,000 Special Assessment Revenue Bonds, Series 2022A-2 (“Series 2022A-2 Bonds” together with the Series 2022A-1 Bonds, the “Series 2022A Bonds”); and

WHEREAS, pursuant to and consistent with Resolution 2021-34, the District desires to set forth the particular terms of the sale of the Series 2022A Bonds and confirm the lien of the special assessments securing the Series 2022A Bonds (the “Series 2022A Assessments”).

2
NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE ELEVATION POINTE COMMUNITY DEVELOPMENT DISTRICT AS FOLLOWS:

SECTION 1. AUTHORITY FOR THIS RESOLUTION. This Resolution is adopted pursuant to the provisions of Florida law, including Chapters 170, 190 and 197, Florida Statutes, and Resolution 2021-34.

SECTION 2. FINDINGS. The Board of Supervisors of the Elevation Pointe Community Development District hereby finds and determines as follows:

On August 27, 2021, the District, after due notice and public hearing, adopted Resolution 2021-34, which, among other things, equalized, approved, confirmed and levied special assessments on property benefitting from the infrastructure improvements authorized by the District. That Resolution provided that as each series of bonds was issued to fund all or any portion of the District’s infrastructure improvements, a supplemental resolution would be adopted to set forth the specific terms of the bonds and certifying the amount of the lien of the special assessments securing any portion of the bonds, including interest, costs of issuance, the number of payments due, the true-up amounts and the application of receipt of true-up proceeds.

The District Engineer’s Report, dated March 16, 2022, attached to this Resolution as Exhibit A (the “Engineer’s Report”), identifies and describes the presently expected components of the improvements to be financed with the Series 2022A Bonds (the “Improvements”). The District hereby confirms that the Improvements serve a proper, essential and valid public purpose. The Engineer’s Report is hereby confirmed. The District ratifies its use in connection with the sale of the Series 2022A Bonds.

The Supplemental Assessment Methodology, dated April 22, 2022, attached to this Resolution as Exhibit B (the “Supplemental Assessment Report”), applies the Mater Assessment Methodology, dated August 27, 2021 (the “Master Assessment Methodology”) to the actual terms of the Series 2022A Bonds. The Supplemental Assessment Report is hereby approved, adopted and confirmed. The District ratifies its use in connection with the sale of the Series 2022A Bonds.

The Improvements will specially benefit all of the developable acreage within the District, as set forth in the Supplemental Assessment Report. It is reasonable, proper, just and right to assess the portion of the costs of the Improvements financed with the Series 2022A Bonds to the specially benefited properties within the District as set forth in Resolution 2021-34 and this Resolution.

SECTION 3.	CONFIRMATION OF MAXIMUM ASSESSMENT LIEN FOR
SERIES 2022A BONDS. As provided in Resolution 2021-34, this Resolution is intended to set forth the terms of the Series 2022A Bonds and the final amount of the lien of the special assessments securing those bonds.

3
The Series 2022A Bonds shall bear such rates of interest and maturity as shown on Exhibit C attached hereto. The sources and uses of funds of the Series 2022A Bonds shall be as set forth in Exhibit D. The debt service due on the Series 2022A Bonds is set forth on Exhibit E attached hereto. The lien of the special assessments securing the Series 2022A Bonds on all developable land within the District shall be the principal amount due on the Series 2022A Bonds, together with accrued but unpaid interest thereon, and together with the amount by which annual assessments are grossed up to include early payment discounts required by law and costs of collection.

SECTION 4. ALLOCATION OF ASSESSMENTS SECURING SERIES 2022A BONDS.

The special assessments for the Series 2022A Bonds shall be allocated in accordance with Exhibit B which allocation shall initially be on a per acre basis and further allocated as lands are platted. The Supplemental Assessment Report is consistent with the District’s Master Assessment Methodology. The Supplemental Assessment Report, considered herein, reflects the actual terms of the issuance of the District’s Series 2022A Bonds. The estimated costs of collection of the special assessments for the Series 2022A Bonds are as set forth in the Supplemental Assessment Report.

The lien of the special assessments securing the Series 2022A Bonds includes all developable land within the District, and as such land is ultimately defined and set forth in plats or other designations of developable acreage. To the extent land is added to the District, the District may, by supplemental resolution, determine such land to be benefited by the Improvements and reallocate the special assessments securing the Series 2022A Bonds and impose special assessments on the newly added and benefited property.

Taking into account capitalized interest and earnings on certain funds and accounts as set forth in the Master Trust Indenture and First Supplemental Trust Indenture, the District shall begin annual collection of special assessments for the Series 2022A Bonds debt service payments using the methods available to it by law. Debt service payments and semi-annual installments of interest are reflected on Exhibit E. The Series 2022A Bonds include an amount for capitalized interest through November 1, 2022.

The District hereby certifies the special assessments for collection and directs staff to take all actions necessary to meet the time and other deadlines imposed by St. Johns County for collection and other Florida law. The District intends, to the extent possible and subject to entering into the appropriate agreements with the St. Johns County Tax Collector and St. Johns County Property Appraiser, to collect the Series 2022A Assessments on platted lands using the Uniform Method in Chapter 197, Florida Statutes. The District intends, to the extent possible, to directly bill, collect and enforce the Series 2022A Assessments on unplatted lands. The District Manager shall prepare or cause to be prepared each year a tax roll for purposes of effecting the collection of the special assessments and present same to the District Board as required by law. The District Manager is further directed and authorized to take all actions necessary to collect any prepayments

4
of debt as and when due and to collect special assessments on unplatted property using methods available to the District authorized by Florida law

SECTION 5. APPLICATION OF TRUE-UP PAYMENTS. Pursuant to Resolution 2021-34, there may be required from time to time certain True-Up payments. As lands are platted or approved for development, the special assessments securing the Series 2022A Bonds shall be allocated to the platted lands and the unplatted lands as set forth in Resolution 2021-34, this Resolution, and the Supplemental Assessment Report, including, without limitation, the application of the True-Up process set forth in Section 8 of Resolution 2021-34 Based on the final par amount of the Series 2022A Bonds, the True-Up calculations will be made in accordance with the process set forth in the Supplemental Assessment Report. The District shall apply all True-Up payments related to the Series 2022A Bonds only to the credit of the Series 2022A Bonds. All True-Up payments, as well as all other prepayments of assessments, shall be deposited into the accounts specified in the First Supplemental Indenture, dated as of April 1, 2022, governing the Series 2022A Bonds.

SECTION 6. IMPROVEMENT LIEN BOOK. Immediately following the adoption of this Resolution these special assessments as reflected herein shall be recorded by the Secretary of the Board of the District in the District’s Improvement Lien Book. The special assessment or assessments against each respective parcel shall be and shall remain a legal, valid and binding first lien on such parcel until paid and such lien shall be coequal with the lien of all state, county, district, municipal or other governmental taxes and superior in dignity to all other liens, titles, and claims.

SECTION 7. OTHER PROVISIONS REMAIN IN EFFECT.	This Resolution is
intended to supplement Resolution 2021-34, which remains in full force and effect. This Resolution and Resolution 2021-34 shall be construed to the maximum extent possible to give full force and effect to the provisions of each resolution. All District resolutions or parts thereof in actual conflict with this Resolution are, to the extent of such conflict, superseded and repealed.

SECTION 8. ASSESSMENT NOTICE. The District’s Secretary is hereby directed to record a Notice of Series 2022A Special Assessments securing the Series 2022A Bonds in the Official Records of St. Johns County, Florida, or such other instrument evidencing the actions taken by the District.

SECTION 9. SEVERABILITY. If any section or part of a section of this resolution be declared invalid or unconstitutional, the validity, force and effect of any other section or part of a section of this resolution shall not thereby be affected or impaired unless it clearly appears that such other section or part of a section of this resolution is wholly or necessarily dependent upon the section or part of a section so held to be invalid or unconstitutional.

5
SECTION 10. EFFECTIVE DATE. This Resolution shall become effective upon its adoption.

PASSED AND ADOPTED this 22nd day of April, 2022.

ATTEST:	ELEVATION POINTE COMMUNITY DEVELOPMENT DISTRICT

Secretary/Assistant Secretary	Chairman/Vice Chair, Board of Supervisors

Exhibit A:	District Engineer’s Report dated March 16, 202
Exhibit B:	Supplemental Assessment Methodology, dated April 22, 2022
Exhibit C:	Maturities and Coupon of Series 2022A Bonds
Exhibit D:	Sources and Uses of Funds for Series 2022A Bonds
Exhibit E:	Annual Debt Service Payment Due on Series 2022A Bonds

Exhibit A

Engineers Report

Exhibit B

Supplemental Assessment Methodology Report

Exhibit C

Maturities and Coupon of Series 2022A Bonds

Exhibit D

Sources and Uses of Funds for Series 2022A Bonds

Exhibit E
Annual Debt Service Payment Due on Series 2022A Bonds

	Period Ending	
Principal	
Coupon	
lnte.rest	
Debt Service	AnnuaJ Debt Service	Bond
Balance	Total
Bond Value	
	11/01/2047			27.945.00	27.945.00	270.720.00	1.215,000	1.215,000	
	05/01/2048	220.000	4.600%	27.945.00	247.945.00		995,000	995,000	
	11/01/2048			22.885.00	22.885.00	270.830.00	995,000	995,000	
	05/01/2049	230.000	4.600%	22.885.00	252.885.00		765,000	765,000	
	11/01/2049			17.595.00	17.595.00	270.480.00	765,000	765,000	
	05/01/2050	245.000	4.600%	17.595.00	262.595.00		520,000	520,000	
	11/01/2050			11.960.00	11,960.00	274.555.00	520,000	520,000	
	05/01/2051	255.000	4.600%	11.960.00	266.960.00		265,000	265,000	
	11/01/2051			6.095.00	6.095.00	273.055.00	265,000	265,000	
	05/01/2052	265.000	4.600%	6.095.00	271.095.00				
	11/01/2052					271.095.00			
		10,395.000		6,392.633.01	16.787.633.01	16.787.633.01			

!!"#$%&  "#

RESOLUTION 2022-05

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE ELEVATION POINTE COMMUNITY DEVELOPMENT DISTRICT APPROVING A PROPOSED BUDGET FOR FISCAL YEAR 2021/2022 AND SETTING A PUBLIC HEARING THEREON PURSUANT TO FLORIDA LAW; ADDRESSING TRANSMITTAL, POSTING AND PUBLICATION REQUIREMENTS; ADDRESSING SEVERABILITY; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the District Manager has heretofore prepared and submitted to the Board of Supervisors (“Board”) of the Elevation Pointe Community Development District (“District”) prior to June 15, 2022, a proposed budget (“Proposed Budget”) for the fiscal year beginning October 1, 2022 and ending September 30, 2023 (“Fiscal Year 2022/2023”); and

WHEREAS, the Board has considered the Proposed Budget and desires to set the required public hearing thereon.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE ELEVATION POINTE COMMUNITY DEVELOPMENT DISTRICT:

PROPOSED BUDGET APPROVED. The Proposed Budget prepared by the District Manager for Fiscal Year 2022/2023 attached hereto as Exhibit A is hereby approved as the basis for conducting a public hearing to adopt said Proposed Budget.

SETTING A PUBLIC HEARING. A public hearing on said approved Proposed Budget is hereby declared and set for the following date, hour and location:

DATE:	July 22, 2022

HOUR:	9:30 a.m.

LOCATION:	Offices of GMS-NF, LLC
475 West Town Place, Suite 114 St. Augustine, Florida 32092

TRANSMITTAL  OF  PROPOSED  BUDGET  TO  LOCAL  GENERAL
PURPOSE GOVERNMENT. The District Manager is hereby directed to submit a copy of the Proposed Budget to St. Johns County at least 60 days prior to the hearing set above.

POSTING OF PROPOSED BUDGET. In accordance with Section 189.016, Florida Statutes, the District’s Secretary is further directed to post the approved Proposed Budget on the District’s website at least two days before the budget hearing date as set forth in Section 2, and shall remain on the website for at least 45 days.

PUBLICATION OF NOTICE. Notice of this public hearing shall be published in the manner prescribed in Florida law.

SEVERABILITY. The invalidity or unenforceability of any one or more provisions of this Resolution shall not affect the validity or enforceability of the remaining portions of this Resolution, or any part thereof.

EFFECTIVE DATE. This Resolution shall take effect immediately upon adoption.

PASSED AND ADOPTED THIS 22nd DAY OF April, 2022.

ATTEST:	ELEVATION POINTE COMMUNITY DEVELOPMENT DISTRICT

By:	

Secretary	Its:	

Elevation Pointe
Community Development District

Proposed Budget
FY2023

GMS

Table of Contents

1		General Fund

2-4		General Fund Narrative

Elevation Pointe CDD Community Development District Proposed Budget
General Fund

Description	Adopted Budget
FY2022	Actuals Thru
2/28/22	Projected Next
7 Months	Total Thru
9/30/22	Proposed Budget
FY2023	

Revenues							

Developer Contributions	
$	108,593	
$	19,054	
$	49,771	
$	68,825	
$	125,143	
Total Revenues	$	108,593	$	19,054	$	49,771	$	68,825	$	125,143	

Expenditures						
General & Administrative
Supervisor Fees	
$	12,000	
$	-	
$	-	
$	-	
$	12,000	
FICA Expense	$	918	$	-	$	-	$	-	$	918	
Engineering Fees	$	12,000	$	-	$	5,000	$	5,000	$	12,000	
Attorney Fees	$	25,000	$	1,588	$	11,907	$	13,495	$	25,000	
Annual Audit	$	3,000	$	-	$	3,000	$	3,000	$	5,000	
Assessment Administration	$	-	$	-	$	-	$	-	$	5,000	
Arbitrage	$	-	$	-	$	-	$	-	$	450	
Dissemination Fees	$	-	$	-	$	-	$	-	$	5,000	
Trustee Fees	$	-	$	-	$	-	$	-	$	4,000	
Management Fees	$	35,000	$	14,583	$	20,417	$	35,000	$	36,750	
Information Technology	$	1,000	$	417	$	583	$	1,000	$	1,250	
Website Maintenance	$	700	$	292	$	408	$	700	$	875	
Telephone	$	200	$	-	$	50	$	50	$	100	
Postage & Delivery	$	1,000	$	64	$	88	$	152	$	1,000	
Insurance	$	5,000	$	5,000	$	-	$	5,000	$	5,000	
Printing & Binding	$	1,000	$	50	$	78	$	128	$	1,000	
Legal Advertising	$	10,000	$	-	$	4,739	$	4,739	$	8,000	
Other Current Charges	$	1,000	$	132	$	148	$	280	$	1,000	
Office Supplies	$	600	$	58	$	48	$	106	$	625	
Dues, Licenses & Subscriptions	$	175	$	175	$	-	$	175	$	175	

Total Expenditures	$	108,593	$	22,359	$	46,466	$	68,825	$	125,143	
						
Excess Revenues/(Expenditures)	$	-	$	(3,305)	$	3,305	$	(0)	$	-	

Total Administrative	$	108,593 $	22,359  $	46,466  $	68,825  $	125,143	

1

Revenues:

Developer Contributions

Elevation Pointe
Community Development District
General Fund Budget

The District will enter into a funding agreement with the Developer to fund the General Fund expenditures for the Fiscal Year.

Expenditures:

General & Administrative:

Supervisor Fees

Chapter 190, Florida Statutes, allows for each Board member to receive $200 per meeting, not to exceed
$4,800 per year paid to each Supervisor for the time devoted to District business and meetings.

Engineering Fees

The District's engineer will be providing general engineering services to the District, e.g. attendance and preparation for monthly board meetings, review invoices and various projects as directed by the Board of Supervisors and the District Manager.

Attorney Fees

The District's legal counsel will be providing general legal services to the District, e.g. attendance and preparation for meetings, preparation and review of agreements, resolutions, etc. as directed by the Board of Supervisors and the District Manager.

Annual Audit

The District is required by Florida Statutes to arrange for an independent audit of its financial records on an annual basis.

Assessment Administration

The District will contract to levy and administer the collection of non-ad valorem assessment on all assessable property within the District.

Arbitrage

The District will contract with an independent certified public accountant to annually calculate the District’s Arbitrage Rebate Liability on an anticipated bond issuance.

2

Elevation Pointe
Community Development District
General Fund Budget

Dissemination Fees

The District is required by the Security and Exchange Commission to comply with Rule 15c2-12(b)(5) which relates to additional reporting requirements for unrated bond issues. This cost is based upon an anticipated bond issuance.

Trustee Fees

The District will incur trustee related costs with the issuance of its’ issued bonds.

Management Fees

The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services-Central Florida, LLC. The services include but are not limited to, recording and transcription of board meetings, administrative services, budget preparation, all financial reports, annual audits, etc.

Information Technology

Represents costs related to the District’s information systems, which include but are not limited to video conferencing services, cloud storage services and servers, security, accounting software, etc.

Website Maintenance

Represents the costs associated with monitoring and maintaining the District’s website created in accordance with Chapter 189, Florida Statutes. These services include site performance assessments, security and firewall maintenance, updates, document uploads, hosting and domain renewals, website backups, etc.

Telephone

Telephone and fax machine.

Postage & Delivery

The District incurs charges for mailing of Board meeting agenda packages, overnight deliveries, correspondence, etc.

Insurance

The District’s general liability and public official’s liability insurance coverages.

Printing & Binding

Printing and Binding agenda packages for board meetings, printing of computerized checks, stationary, envelopes, etc.

3

Elevation Pointe
Community Development District
General Fund Budget

Legal Advertising

The District is required to advertise various notices for monthly Board meetings, public hearings, etc. in a newspaper of general circulation.

Other Current Charges

Bank charges and any other miscellaneous expenses incurred during the year.

Office Supplies

Any supplies that may need to be purchased during the fiscal year, e.g., paper, minute books, file folders, labels, paper clips, etc.

Dues, Licenses & Subscriptions

The District is required to pay an annual fee to the Florida Department of Economic Opportunity for $175.

4

!!"#$%&  "##

!!"#$%& "

!!"#$%& "

Elevation Pointe
Communfty Development District

Unaudited Financial Reporting
February 28, 2022

Table of Contents

			Balance Sheet

			General Fund

			Capital Projects Fund

			Month to Month

Elevation Pointe
Community Development District Combined Balance Sheet February 28, 2022

	General Fund	Capital Projects Fund	Totals Governmental Funds	
Assets:
Operating Account	
$	10,881	
$	-	
$	10,881	
Total Assets	$	10,881	$	-	$	10,881	

Liabilities:				
Accounts Payable	$	4,176	$	-	$	4,176	
Developer Advance	$	-	$	21,330	$	21,330	
Total Liabilites	$	4,176	$	21,330	$	25,506	

Fund Balance:
Restricted For:				
Capital Projects	$	-	$	(21,330)	$	(21,330)	
Unassigned	$	6,705	$	-	$	6,705	
Total Fund Balances	$	6,705	$	(21,330)	$	(14,625)	
				
Total Liabilities & Fund Balance	$	10,881	$	-	$	10,881	

Elevation Pointe
Community Development District General Fund
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending February 28, 2022

Adopted	Prorated Budget	Actual	
Budget	Thru 02/28/22	Thru 02/28/22	Variance	

Revenues:		
Developer Contributions	$	108,593	$	19,054	$	19,054	$	-	
Total Revenues	$	108,593	$	19,054	$	19,054	$	-	

Expenditures:					
General & Administrative:					
Supervisors Fees	$	12,000	$	5,000	$	-	$	5,000	
FICA Expense	$	918	$	383	$	-	$	383	
Engineering	$	12,000	$	5,000	$	-	$	5,000	
Attorney	$	25,000	$	10,417	$	1,588	$	8,829	
Annual Audit	$	3,000	$	1,250	$	-	$	1,250	
Management Fees	$	35,000	$	14,583	$	14,583	$	(0)	
Information Technology	$	1,000	$	417	$	417	$	0	
Website Creation/ADA Compliance	$	700	$	292	$	292	$	0	
Telephone	$	200	$	83	$	-	$	83	
Postage	$	1,000	$	417	$	64	$	352	
Printing & Binding	$	1,000	$	417	$	50	$	367	
Insurance	$	5,000	$	5,000	$	5,000	$	-	
Legal Advertising	$	10,000	$	4,167	$	-	$	4,167	
Other Current Charges	$	1,000	$	417	$	132	$	284	
Office Supplies	$	600	$	250	$	58	$	192	
Dues, Licenses & Subscriptions	$	175	$	175	$	175	$	-	
Total General & Administrative:	$	108,593	$	48,266	$	22,359	$	25,907	
					
Total Expenditures	$	108,593	$	48,266	$	22,359	$	25,907	
					
Excess Revenues (Expenditures)	$	-		$	(3,305)		
					
Fund Balance - Beginning	$	-		$	10,011		
					
Fund Balance - Ending	$	-		$	6,705		

Elevation Pointe
Community Development District Capital Projects Fund
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending February 28, 2022

Adopted	Prorated Budget	Actual	
Budget	Thru 02/28/22	Thru 02/28/22	Variance	

Revenues:

Interest	

$	

-	$	

-	$	-	

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

Expenditures:

Capital Outlay	

$	

-	$	

-	$	21,330	

$	(21,330)	
Total Expenditures	$	-	$	-	$	21,330	$	(21,330)	
					
Excess Revenues (Expenditures)	$	-	$	(21,330)		
					
Fund Balance - Beginning	$	-	$	-		
					
Fund Balance - Ending	$	-	$	(21,330)		

Elevation Pointe
Community Development District Month to Month

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

Revenues:

Developer Contributions

$	8,272  $

-  $	-  $

4,600  $

6,182  $

-  $	-  $

-  $	-  $

-  $	-  $

-  $	19,054

Total Revenues	$	8,272  $	-  $	-  $	4,600  $	6,182  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	19,054

Expenditures:

General & Administrative:

Supervisor Fees Engineering Attorney Annual Audit
Management Fees Information Technology Website Maintenance Telephone
Postage & Delivery Insurance
Printing & Binding Legal Advertising Other Current Charges Office Supplies
Travel Per Diem
Dues, Licenses & Subscriptions

$	-  $
$	-  $
$	471  $
$	-  $
$	2,917  $
$	83  $
$	58  $
$	-  $
$	63  $
$	5,000  $
$	-  $
$	-  $
$	-  $
$	43  $
$	-  $
$	175  $

-  $
-  $
-  $
-  $
2,917  $
83  $
58  $
-  $
-  $
-  $
-  $
-  $
132  $
-  $
-  $
-  $

-  $
-  $
1,117  $
-  $
2,917  $
83  $
58  $
-  $
1  $
-  $
50  $
-  $
-  $
15  $
-  $
-  $

-  $
-  $
-  $
-  $
2,917  $
83  $
58  $
-  $
-  $
-  $
-  $
-  $
-  $
-  $
-  $
-  $

-  $
-  $
-  $
-  $
2,917  $
83  $
58  $
-  $
1  $
-  $
-  $
-  $
-  $
0  $
-  $
-  $

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

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

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

-  $	-
-  $	-
-  $	1,588
-  $	-
-  $	14,583
-  $	417
-  $	292
-  $	-
-  $	64
-  $	5,000
-  $	50
-  $	-
-  $	132
-  $	58
-  $	-
-  $	175

Total General & Administrative:	$	8,810  $	3,191  $	4,241  $	3,058  $	3,059  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	22,359

Total Expenditures	$	8,810  $	3,191  $	4,241  $	3,058  $	3,059  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	22,359

Excess Revenues (Expenditures)	$	(538)  $	(3,191)  $	(4,241)  $	1,541  $	3,123  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	(3,305)

!!"#$%& "

Elevation Pointe FKA Premium Pointe
Community Development District	Funding Request #15
March 7, 2022

PAYEE	GENERAL FUND CAPITAL PROJECTS (1)

1	Kutak Rock LLP
Invoice # 3009547 - Project Construction Jan 2022

$	205.00

$	-	$	205.00

Total	$	205.00

(1) All capital related invoices will be reimbursed to the Developer upon issuance of Bonds.

Please make check payable to:

Elevation Pointe CDD
6200 Lee Vista Blvd Suite 300
Orlando FL 32822

KUTAK  ROCK  LLP
TALLAHASSEE, FLORIDA
Telephone 404-222-4600
Facsimile 404-222-4654

Federal ID 47-0597598

February 23, 2022

RECEIVED

Check Remit To: Kutak Rock LLP PO Box 30057
Omaha, NE 68103-1157

Wire Transfer Remit To:
ABA #I04000016
First National Bank of Omaha
Kutak Rock LLP A/C # 24690470
Reference: Invoice No. 3009547 Client Matter No. 16223-2

Mr. George Flint
Elevation Pointe Community Development District Governmental Management Services - Central Florida 219 E. Livingston Street
Orlando, FL 32801

Invoice No. 3009547
16223-2

Re:	Project Construction

For Professional Legal Services Rendered

01/26/22    J. Johnson	0.50	205.00	Review  correspondence  regarding
assignment of construction contracts and confer with Jusevitch regarding same
TOTAL HOURS	0.50

TOTAL FOR SERVICES RENDERED	$205.00	
TOTALCURRENTAMOUNTDUE	$205.00	
UNPAID INVOICES:

January 28, 2022	Invoice No. 2979569	

1,845.00	
TOTAL DUE	$2,050.00	

PRIVILEGED AND CONFIDENTIAL
ATTORNEY-CLIENT COMMUNICATION AND/OR WORK PRODUCT

Elevation Pointe FKA Premium Pointe
Community Development District	Funding Request #16
March 11, 2022

PAYEE	GENERAL FUND CAPITAL PROJECTS (1)

1	GMS-Central Florida LLC
Invoice # 14 - Management Fees for March 2022

$	3,066.13

	$	3,066.13  $	-	

Total	
$	3,066.13		

(1) All capital related invoices will be reimbursed to the Developer upon issuance of Bonds.		
Please make check payable to:		
Elevation Pointe CDD
6200 Lee Vista Blvd Suite 300
Orlando FL 32822		

GMS-Central Florida, LLC
1001 Bradford Way
Kingston, TN 37763

Invoice

BIii To:
Premium Pqlnte ODD 219 E Livingston St. Orlando, FL 32801

Invoice #: 14 Invoice Date: 3/1/22
Due Date: 3/1/22 Case:
P.O. Number:

Management Fees - March 2022 Wepstte Administration - March 2022 Information Technology- March 2022 Coples

,,
-,rr-

l

11

2,916.67
58.33
83.33
7.80

2,916.67
58.33
83.38
7.80

---

De■crlptlon 	HounlQty	Rate	Amount

Total	$3,066.13	
Payments/Credits	$0.00	
Balance Due	$3,066.13	

Elevation Pointe FKA Premium Pointe
Community Development District	Funding Request #17
April 11, 2022

PAYEE	GENERAL FUND CAPITAL PROJECTS (1)

1	Kutak Rock LLP
Invoice # 3024574 - General Counsel for Jan 2022 Invoice # 3024576 - General Counsel for Feb 2022

$	1,494.00
$	1,442.00

	$	2,936.00  $	-	

Total	
$	2,936.00		

(1) All capital related invoices will be reimbursed to the Developer upon issuance of Bonds.		
Please make check payable to:		
Elevation Pointe CDD
6200 Lee Vista Blvd Suite 300
Orlando FL 32822		

KUTAK  ROCK  LLP
TALLAHASSEE, FLORIDA
Telephone 404-222-4600
Facsimile 404-222-4654

Federal ID 47-0597598

March 25, 2022

Check Remit To: Kutak Rock LLP PO Box 30057
Omaha, NE 68103-1157

Wire Transfer Remit To:
ABA #104000016
First National Bank of Omaha
Kutak Rock LLP
AIC # 24690470
Reference: Invoice No. 3024574

[	Client Matter No. 16223-1

 	

Mr. George Flint
Elevation Pointe Community Development District Governmental Management Services - Central Florida 219 E. Livingston Street
Orlando, FL 32801	Invoice No. 3024574
16223-1

Re:	General Counsel
For Professional Legal Services Rendered

01/19/22	K. Jusevitch	0.20	N/C	Distribute legislative newsletter	
01/23/22	K. Jusevitch	0.20	32.00	Research election terms and seats	
01/26/22	C. Stuart	1.00	420.00	Review	proposed	legislation;	
				monitor	committee	activity	and	
				agendas;  monitor	Amendment	12	

01/28/22	
K. Jusevitch	
0.00	
NIC	implementation
Distribute legislative newsletter	
02/04/22	K. Jusevitch	0.10	NIC	Distribute legislative newsletter	
02/11/22	K. Jusevitch	0.10	NIC	Distribute legislative newsletter	
02/18/22	J. Johnson	0.30	123.00	Review agenda package	
02/18/22	K. Jusevitch	0.10	N/C	Distribute legislative newsletter	
02/22/22	J. Johnson	0.20	82.00	Confer	with	district	manager	

02/22/22	
K. Jusevitch	
0.20	
32.00	regarding district resolutions
Confer with Johnson regarding direct	

02/24/22	
K. Jusevitch	
0.10	
16.00	purchase resolution; correspond with district manager
Distribute Amendment 12 guide	
02/24/22	C. Stuart	1.00	420.00	Review		proposed		legislation; monitor	committee	activity	and	
agendas;  monitor	Amendment  12

PRIVILEGED AND CONFIDENTIAL
ATTORNEY-CLIENT COMMUNICATION AND/OR WORK PRODUCT

KUTAK ROCK LLP
Elevation Pointe Community Development D March 25, 2022
Client Matter No. 16223-1 Invoice No. 3024574
Page 2

02/25/22

02/25/22

J. Johnson

K. Jusevitch

0.90

0.10

369.00

N/C

implementation
Prepare for and attend board meeting via telephone; post meeting wrap-up Distribute legislative newsletter

TOTAL HOURS	4.50

TOTAL FOR SERVICES RENDERED TOTAL CURRENT AMOUNT DUE

$1,494.00
$1,494.00

PRIVILEGED AND CONFIDENTIAL
ATTORNEY-CLIENT COMMUNICATION AND/OR WORK PRODUCT

KUTAK  ROCK  LLP
TALLAHASSEE, FLORIDA
Telephone 404-222-4600
Facsimile 404-222-4654

Federal ID 47-0597598

March 25, 2022

Mr. George Flint

--­

Check Remit To: Kutak Rock LLP PO Box 30057
Omaha, NE 68103-1157

Wire Transfer Rem it To:
ABA #104000016
First National Bank of Omaha
Kutak Rock LLP
AIC # 24690470
Reference: Invoice No. 3024576 Client Matter No. 16223-2

Elevation Pointe Community Development District Governmental Management Services - Central Florida 219 E. Livingston Street
Orlando, FL 32801	Invoice No. 3024576
16223-2

Re:	Project Construction
For Professional Legal Services Rendered

02/02/22	J. Johnson	0.70	287.00	Follow	up regarding	construction reimbursements	and		contract	

02/02/22	
K. Jusevitch	
2.10	
336.00	assignments
Prepare  contract  assignments	and	

02/02/22	
K. Jusevitch	
2.30	
368.00	confer with Johnson
Continue	to	prepare	contract	
				assignment	packages; confer  with	

02/04/22	
J. Johnson	
1.10	
451.00	Johnson
Review and comment on forms of	
				contract assignments	

TOTAL HOURS	6.20

PRIVILEGED AND CONFIDENTIAL
ATTORNEY-CLIENT COMMUNICATION AND/OR WORK PRODUCT

KUTAK ROCK LLP
Elevation Pointe Community Development D		
March 25, 2022		
Client Matter No. 16223-2		
Invoice No. 3024576		
Page 2		
TOTAL FOR SERVICES RENDERED	$1,442.00	

TOTAL CURRENT AMOUNT DUE	
$1,442.00	
UNPAID INVOICES:

February 23, 2022	Invoice No. 3009547	

205.00	
TOTAL DUE	$1.647.00	

PRIVILEGED AND CONFIDENTIAL
ATTORNEY-CLIENT COMMUNICATION AND/OR WORK PRODUCT