VISTA COMMUNITY DEVELOPMENT
DISTRICT

PALM BEACH COUNTY Regular Board Meeting & Public Hearing October 13, 2022
10:00 A.M.

Special District Services, Inc.
The Oaks Center 2501A Burns Road
Palm Beach Gardens, FL 33410

www.vistacdd.org 561.630.4922 Telephone 877.SDS.4922 Toll Free 561.630.4923 Facsimile

AGENDA VISTA
COMMUNITY DEVELOPMENT DISTRICT
2100 Emerald Dunes Drive West Palm Beach, FL 33411
REGULAR BOARD MEETING & PUBLIC HEARING
October 13, 2022
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
June 2, 2022 Regular Board Meeting…	Page 2
Old Business
New Business
Consider Resolution No. 2022-02 – Resetting Public Hearing Date to Adopt Fiscal Year
2022-2023 Final Budget…	Page 4
Consider Resolution No. 2022-03 – Adopting a Fiscal Year 2022/2023 Meeting Schedule…	Page 5
Consider Resolution No. 2022-04 – Adopting a Fiscal Year 2021/2022 Amended Budget…	Page 7
Public Hearing
Proof of Publication…	Page 12
Receive Public Comments on Fiscal Year 2022/2023 Final Budget
Consider Resolution No. 2022-05 – Adopting a Fiscal Year 2022/2023 Final Budget…	Page 13
Administrative Matters
Board Members Comments
Adjourn

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Page 1

VISTA COMMUNITY DEVELOPMENT DISTRICT REGULAR BOARD MEETING
JUNE 2, 2022

CALL TO ORDER

District Manager Jason Pierman called the June 2, 2022, Regular Board Meeting of the Vista Community Development District (the “District”) to order at 10:07 a.m. at 2100 Emerald Dunes Drive, West Palm Beach, Florida 33411.

PROOF OF PUBLICATION

Mr. Pierman presented proof of publication that notice of the Regular Board Meeting had been published in The Palm Beach Post on September 27, 2021, as part of the District’s Fiscal Year 2021/2022 Meeting Schedule, as legally required.

ESTABLISH A QUORUM

Mr. Pierman determined that the attendance of the following Supervisors constituted a quorum and it was in order to proceed with the meeting: Chairman Kenneth R. Green, Vice Chairperson Lesley Rey and Supervisor Sabrina Church.

Staff in attendance were: District Manager Jason Pierman of Special District Services, Inc.; and General Counsel Scott Cochran 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
November 4, 2021, Regular Board Meeting

Mr. Pierman presented the minutes of the November 4, 2021, Regular Board Meeting and asked if there were any changes.

A motion was made by Ms. Rey, seconded by Ms. Church and unanimously passed approving the minutes of the November 4, 2021, Regular Board Meeting, as presented.

OLD BUSINESS

There were no Old Business items to come before the Board.

NEW BUSINESS

Consider Resolution No. 2022-01– Adopting a Fiscal Year 2020/2021 Amended Budget

Mr. Pierman presented Resolution No. 2022-01, entitled:

RESOLUTION NO. 2022-01

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE VISTA COMMUNITY DEVELOPMENT DISTRICT APPROVING A PROPOSED BUDGET FOR FISCAL YEAR 2022/2023; AND PROVIDING AN EFFECTIVE DATE.

A motion was made by Ms. Rey, seconded by Ms. Church and passed unanimously adopting Resolution No. 2022-01, as presented, setting the Public Hearing for August 11, 2022.

ADMINISTRATIVE MATTERS

Mr. Pierman explained that the State had mandated that every District create a 20-Year Stormwater Needs Analysis by June 30th. He noted that he had already contacted the District’s Engineer and requested that they create the report.

Mr. Pierman announced that the qualifying period runs from June 13th to the 17th, noting that Seats 1, 2 and 5 (Vacant, Vacant and Mr. Green, respectively) were up for election this year. He also reminded the Board to submit their Form 1’s.

BOARD MEMBER COMMENTS

There were no comments from the Board Members.

ADJOURNMENT

There being no further business to come before the Board, a motion was made by Ms. Rey, seconded by Ms. Church and unanimously passed to adjourn the Regular Board Meeting at 10:23 a.m.

Secretary/Assistant Secretary	Chair/Vice-Chair

RESOLUTION NO. 2022-02

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE VISTA COMMUNITY DEVELOPMENT DISTRICT AMENDING RESOLUTION NO. 2022-01; AMENDING THE DATE AND TIME FOR THE PUBLIC HEARING TO CONSIDER THE FISCAL YEAR 2022/2023 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 Vista 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 2022-01 approving a proposed budget and setting a public hearing for August 11, 2022; 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 October 13, 2022, 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 CENTURY GARDENS VILLAGE COMMUNITY DEVELOPMENT DISTRICT, THAT:

Resolution No. 2022-01 is hereby amended to change the date and time of the Public Hearing to October 13, 2022 at 10:00 a.m. in the 2100 Emerald Dunes Drive, West Palm Beach, Florida 33411, for the purpose of receiving public comments on the Proposed Fiscal Year 2022/2023 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 13th day of October, 2022.

ATTEST:	VISTA
COMMUNITY DEVELOPMENT DISTRICT

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

RESOLUTION NO. 2022-03

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE VISTA COMMUNITY DEVELOPMENT DISTRICT, ESTABLISHING A REGULAR MEETING SCHEDULE FOR FISCAL YEAR 2022/2023 AND SETTING THE TIME AND LOCATION OF SAID DISTRICT MEETINGS; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, it is necessary for the Vista Community Development District ("District") to establish a regular meeting schedule for fiscal year 2022/2023; and

WHEREAS, the Board of Supervisors of the District has set a regular meeting schedule, location and time for District meetings for fiscal year 2022/2023 which is attached hereto and made a part hereof as Exhibit “A”.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE VISTA COMMUNITY DEVELOPMENT DISTRICT, PALM BEACH 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 2022/2023 which is attached hereto as Exhibit “A” is hereby adopted and authorized to be published.

PASSED, ADOPTED and EFFECTIVE this 13th day of October, 2022.

ATTEST:	VISTA
COMMUNITY DEVELOPMENT DISTRICT

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

VISTA COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2022/2023 REGULAR MEETING SCHEDULE
NOTICE IS HEREBY GIVEN that the Board of Supervisors of the Vista Community Development District will hold Regular Meetings at 2100 Emerald Dunes Drive, West Palm Beach, Florida 33411 at 10:00 a.m. on the following dates:

October 6, 2022
November 3, 2022
December 1, 2022
January 5, 2023
February 2, 2023
March 2, 2023
April 6, 2023
May 4, 2023
June 1, 2023
July 6, 2023
August 3, 2023
September 7, 2023

The purpose of the meetings is to conduct all business coming before the Board. Meetings are open to the public and will be conducted in accordance with the provisions of Florida law. Copies of the Agendas for any of the meetings may be obtained from the District’s website or by contacting the District Manager at (561) 630-4922 and/or toll free at 1-877-737-4922 prior to the date of the particular meeting.

From time to time one or more Supervisors may participate by telephone; therefore a speaker telephone will be present at the meeting location so that Supervisors may be fully informed of the discussions taking place. Meetings 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 ensure 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 (561) 630-4922 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 without advertised notice.

VISTA COMMUNITY DEVELOPMENT DISTRICT

www.vistacdd.org

PUBLISH: THE PALM BEACH POST	09/23/22

RESOLUTION NO. 2022-04

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE VISTA COMMUNITY DEVELOPMENT DISTRICT AUTHORIZING AND ADOPTING AN AMENDED FINAL FISCAL YEAR 2021/2022 BUDGET (“AMENDED BUDGET”), PURSUANT TO CHAPTER 189, FLORIDA STATUTES; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the Board of Supervisors of the Vista Community Development District (“District”) is empowered to provide a funding source and to impose special assessments upon the properties within the District; and,

WHEREAS, the District has prepared for consideration and approval an Amended Budget.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE VISTA COMMUNITY DEVELOPMENT DISTRICT, THAT:

Section 1.  The Amended Budget for Fiscal Year 2021/2022 attached hereto as Exhibit “A” is hereby approved and adopted.

Section 2.  The Secretary/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 13th day of October, 2022.

ATTEST:	VISTA
COMMUNITY DEVELOPMENT DISTRICT

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

Vista
Community Development District

Amended Final Budget For Fiscal Year 2021/2022
October 1, 2021 - September 30, 2022

CONTENTS

AMENDED FINAL OPERATING FUND BUDGET

AMENDED FINAL DEBT SERVICE FUND BUDGET

AMENDED FINAL BUDGET
VISTA COMMUNITY DEVELOPMENT DISTRICT OPERATING FUND
FISCAL YEAR 2021/2022 OCTOBER 1, 2021 - SEPTEMBER 30, 2022

REVENUES	FISCAL YEAR 2021/2022 BUDGET 10/1/21 - 9/30/22	AMENDED FINAL BUDGET
10/1/21 - 9/30/22	YEAR TO DATE ACTUAL
10/1/21 - 9/29/22	
O & M Assessments	54,847	54,892	54,892	
Debt Assessments	367,171	367,281	367,281	
Other Revenues	0	0	0	
Interest Income	240	15	14	
				
TOTAL REVENUES	$	422,258	$	422,188	$	422,187	
				
EXPENDITURES				
Engineering/Inspections	2,000	5,000	3,000	
Management	20,496	20,496	20,496	
Legal	8,000	8,000	5,400	
Assessment Roll	6,000	6,000	6,000	
Audit Fees	3,500	3,500	3,500	
Arbitrage Rebate Fee	650	650	650	
Insurance	6,000	5,706	5,706	
Legal Advertisements	1,300	1,300	637	
Miscellaneous	650	250	25	
Postage	225	65	58	
Office Supplies	375	240	220	
Dues & Subscriptions	175	175	175	
Trustee Fee	4,025	4,023	4,023	
Continuing Disclosure Fee	1,000	1,000	1,000	
Website Management	2,000	2,000	2,000	
TOTAL EXPENDITURES	$	56,396	$	58,405	$	52,890	
				
REVENUES LESS EXPENDITURES	$	365,862	$	363,783	$	369,297	
				
Bond Payments	(345,141)	(349,760)	(349,760)	
				
BALANCE	$	20,721	$	14,023	$	19,537	
				
County Appraiser & Tax Collector Fee	(8,440)	(4,948)	(4,948)	
Discounts For Early Payments	(16,881)	(16,109)	(16,109)	
				
EXCESS/ (S+ORTFALL)	$	(4,600)	$	(7,034)	$	(1,520)	
				
Carryover From Prior Year	4,600	4,600	0	
				
NET EXCESS/ (S+ORTFALL)	$	-	$	(2,434)	$	(1,520)	

FUND BALANCE AS OF 9/30/21	
FY 2021/2022 ACTIVITY	
FUND BALANCE AS OF 9/30/22	

$111,434	
($7,034)	
$104,400	

Notes
Carryover From Prior Year Of $4,600 was used to reduce Fiscal Year 2021/2022 Assessments.
$7,725 Of Fund Balance To Be Used To Reduce 2022/2023 Assessments.

AMENDED FINAL BUDGET
VISTA COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND
FISCAL YEAR 2021/2022 OCTOBER 1, 2021 - SEPTEMBER 30, 2022

REVENUES	FISCAL YEAR 2021/2022 BUDGET
10/1/21 - 9/30/22	AMENDED FINAL BUDGET
10/1/21 - 9/30/22	YEAR TO DATE ACTUAL
10/1/21 - 9/29/22	
Interest Income	25	500	479	
NAV Tax Collection	345,356	349,760	349,760	
Total Revenues	$	345,381	$	350,260	$	350,239	
				
EXPENDITURES				
Principal Payments	150,000	150,000	150,000	
Interest Payments	195,381	199,413	199,413	
Transfer To Construction Fund	0	400	380	
Total Expenditures	$	345,381	$	349,813	$	349,793	
				
ExFess/ (SKortfall)	$	-	$	447	$	446	

FUND BALANCE AS OF 9/30/21	
FY 2021/2022 ACTIVITY	
FUND BALANCE AS OF 9/30/22	

$403,801	
$447	
$404,248	

Notes
Reserve Fund Balance = $250,425*. Revenue Fund Balance = $153,823*.
Revenue Fund Balance To Be Used To Make 11/1/2022 Interest Payment Of $95,675.
* Approximate Amounts

Series 2006 Bond Information		
Original Par Amount =	$5,170,000	Annual Principal Payments Due 	
Interest Rate =	5.38%	May 1st	
Issue Date =	November 2006	Annual Interest Payments Due 	
Maturity Date =	May 2037	May 1st & November 1st	
Par Amount As Of 9/30/22 =	$3,560,000		

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RESOLUTION NO. 2022-05

A RESOLUTION OF THE VISTA COMMUNITY DEVELOPMENT DISTRICT ADOPTING A FISCAL YEAR 2022/2023 BUDGET.

WHEREAS, the Vista Community Development District (“District”) has prepared a Proposed Budget and Final Special Assessment Roll for Fiscal Year 2022/2023 and has held a duly advertised Public Hearing to receive public comments on the Proposed Budget and Final Special Assessment Roll; and,

WHEREAS, following the Public Hearing and the adoption of the Proposed Budget and Final Assessment Roll, the District is now authorized to levy non ad-valorem assessments upon the properties within the District.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE VISTA COMMUNITY DEVELOPMENT DISTRICT THAT:

Section 1.	The Final Budget and Final Special Assessment Roll for Fiscal Year 2022/2023 attached hereto as Exhibit “A” is approved and adopted, and the assessments set forth therein shall be levied.

Section 2.	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 the intent of this Resolution.

PASSED, ADOPTED and EFFECTIVE this 13th day of October, 2022.

ATTEST:	VISTA
COMMUNITY DEVELOPMENT DISTRICT

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

Vista
Community Development District

Final Budget For Fiscal Year 2022/2023
October 1, 2022 - September 30, 2023

CONTENTS

FINAL BUDGET

DETAILED FINAL BUDGET

DETAILED FINAL DEBT SERVICE FUND BUDGET

ASSESSMENT COMPARISON

FINAL BUDGET
VISTA COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2022/2023
OCTOBER 1, 2022 - SEPTEMBER 30, 2023

REVENUES	
FISCAL YEAR 2022/2023 BUDGET	
O & M Assessments	52,812	
Debt Assessments	369,175	
Other Revenues	0	
 nterest ncome	240	
		
TOTAL REVENUES	$	422,227	
		
EXPENDITURES		
(ngineering/ nspections	2,500	
Management	21,108	
/egal	8,000	
Assessment Roll	6,000	
Audit Fees	3,600	
Arbitrage Rebate Fee	650	
 nsurance	6,100	
/egal Advertisements	1,250	
Miscellaneous	625	
Postage	225	
Office Supplies	350	
Dues & Subscriptions	175	
Trustee Fee	4,025	
Continuing Disclosure Fee	1,000	
Website Management	2,000	
TOTAL EXPENDITURES	$	57,608	
		
REVENUES LESS EXPENDITURES	$	364,619	
		
Bond Payments	(347,025)	
		
BALANCE	$	17,594	
		
County Appraiser & Tax Collector Fee	(8,439)	
Discounts For (arly Payments	(16,880)	
		
EXCESS/ S+ORTFALL 	$	 7,725 	
		
Carryover Balance From Prior Year	7,725	
		
NET EXCESS/ S+ORTFALL 	$	-	

DETAILED FINAL BUDGET
VISTA COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2022/2023
OCTOBER 1, 2022 - SEPTEMBER 30, 2023

REVENUES	
FISCAL YEAR 2020/2021
ACTUAL	
FISCAL YEAR 2021/2022
BUDGET	
FISCAL YEAR 2022/2023
BUDGET	

COMMENTS	
O & M Assessments	51,874	54,847	52,812	Expenditures Less nterest & Carryover/.94	
Debt Assessments	370,268	367,171	369,175	Bond Payments/.94	
Other Revenues	0	0	0		
 nterest ncome	297	240	240	 nterest ProMected At $20 Per Month	
					
TOTAL REVENUES	$	422,439	$	422,258	$	422,227		
					
EXPENDITURES					
Engineering/ nspections	2,500	2,000	2,500	$500 ncrease From 2021/2022 Budget	
Management	20,220	20,496	21,108	CP AdMustment (Capped at 3 )	
Legal	7,775	8,000	8,000	No Change From 2021/2022 Budget	
Assessment Roll	6,000	6,000	6,000	As Per Contract	
Audit Fees	3,400	3,500	3,600	Accepted amount For 2021/2022 Audit	
Arbitrage Rebate Fee	650	650	650	No Change From 2021/2022 Budget	
 nsurance	5,513	6,000	6,100	 nsurance Estimate	
Legal Advertisements	963	1,300	1,250	$50 Decrease From 2021/2022 Budget	
Miscellaneous	53	650	625	$25 Decrease From 2021/2022 Budget	
Postage	102	225	225	No Change From 2021/2022 Budget	
Office Supplies	114	375	350	$25 Decrease From 2021/2022 Budget	
Dues & Subscriptions	175	175	175	No Change From 2021/2022 Budget	
Trustee Fee	4,022	4,025	4,025	No Change From 2021/2022 Budget	
Continuing Disclosure Fee	1,000	1,000	1,000	No Change From 2021/2022 Budget	
Website Management	2,000	2,000	2,000	No Change From 2021/2022 Budget	
TOTAL EXPENDITURES	$	54,487	$	56,396	$	57,608		
					
REVENUES LESS EXPENDITURES	$	367,952	$	365,862	$	364,619		
					
Bond Payments	(356,083)	(345,141)	(347,025)	2023 P & Payments Less Earned nterest	
					
BALANCE	$	11,869	$	20,721	$	17,594		
					
County Appraiser & Tax Collector Fee	(2,856)	(8,440)	(8,439)	Two Percent Of Total Assessment Roll	
Discounts For Early Payments	(12,080)	(16,881)	(16,880)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	$	(3,067)	$	(4,600)	$	(7,725)		
					
Carryover Balance From Prior Year	0	4,600	7,725	Carryover Balance From Prior Year	
					
NET EXCESS/ (SHORTFALL)	$	(3,067)	$	0	$	-		

DETAILED FINAL DEBT SERVICE BUDGET
VISTA COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2022/2023
OCTOBER 1, 2022 - SEPTEMBER 30, 2023

REVENUES	FISCAL YEAR 2020/2021 ACTUAL	FISCAL YEAR 2021/2022 BUDGET	FISCAL YEAR 2022/2023 BUDGET	

COMMENTS	

 nterest ncome	
25	
25	
25	
ProMected nterest For 2022/2023	

NA9 Tax Collection	
356,083	
345,356	
347,025	
2023 P & Payments Less Earned nterest	

Total Revenues	
$	356,108	
$	345,381	
$	347,050		

EXPENDITURES					

Principal Payments	
145,000	
150,000	
160,000	
Principal Payment Due n 2023	

 nterest Payments	
207,206	
195,381	
187,050	
 nterest Payments Due n 2023	

Transfer To Construction Fund	
9,803	
0	
0		

Total Expenditures	
$	362,009	
$	345,381	
$	347,050		

Excess/ (Shortfall)	
$	(5,901)	
$	-	
$	-		

Series 2006 Bond Information

Original Par Amount =	$5,170,000	Annual Principal Payments Due =	May 1st	
 nterest Rate =	5.375%	Annual nterest Payments Due =	May 1st & November 1st	
 ssue Date =	November 2006			
Maturity Date =

Par Amount As Of 1/1/22 =	May 2037

$3,710,000			

Vista Community Development District Assessment Comparison

Original	Fiscal Year	Fiscal Year	Fiscal Year	Fiscal Year	
Projected	2019/2020	2020/2021	2021/2022	2022/2023	
  Assessment* 	  Assessment* 	  Assessment* 	  Assessment* 	 Projected Assessment*	

O & M

$	138.85	$

109.41	$

104.10	$

110.14	$

106.05

Debt

$	745.18

$	738.14

$	743.42

$	737.30

$	741.32

Total

$	884.03	$

847.55	$

847.52	$

847.44	$

847.37

* Assessments nclude the Following	 4% Discount for Early Payments
1% County Tax Collector Fee

1% County Property Appraiser Fee

Community nformation 
Total Units	498

9/6/2022 7 23 AM	 V