Cory Lakes Community Development District - cory lake isles

Cory LakesCommunity Development DistrictAugust 28, 2013Development Planning and Financing Group15310 Amberly Drive, Suite 175, Tampa, Florida 33647Phone: 813-374-9105Fax: 813-374-9106Board of SupervisorsCory Lakes CommunityDevelopment DistrictDear Board Members:The Continued meeting of the Board of Supervisors of the Cory Lakes Community Development Districtis scheduled for Wednesday, September 4, 2013, at 6:00 p.m. at the Cory Lakes Beach Club, 10441Cory Lakes Drive, Tampa, Florida. The advanced copy of the agenda for the meeting is attached.Enclosed for your review and consideration in the Advance Board Package is:• Employee Leasing Firm Documentation;• District Management Reports;• Facilities Manager Report; and• July Incident Report.The balance of the agenda is routine in nature. Staff and the Committees will present their reports at themeeting. Any additional support material will be forwarded to you under separate cover or distributed atthe meeting. If you have any questions, please contact me. I look forward to seeing you there.Sincerely,John DaugirdaJohn DaugirdaDistrict Manager

District:CORY LAKES COMMUNITY DEVELOPMENT DISTRICTDate of Meeting: Wednesday, September 4, 2013Time:6:00 p.m.Location:Cory Lake Beach Club10441 Cory Lakes DriveTampa, Florida[Continued from 8-21-2013]I. Roll CallBusiness MeetingAgendaII.Chairperson and Manager Opening RemarksIII. Public Comments[Residents/Audience will have TWO opportunities to address the Board and staff during the meetingunder the Third and Eighth Orders of Business. All Residents planning to speak at the meeting, pleasefill out an index card upon arrival with name, address, and the topic of your comment. Three minutes perindividual.]IV.Pool Construction Project‣ Modification of Kolter Agreement‣ Construction Manager Contract‣ Additional Pool Construction MattersV. District Staffing1) Evergreen Lifestyle Contract Extension2) Employee Leasing Exhibit 1‣ Howard Leasing [part of Rita Staffing]‣ Innovative Employer SolutionsVI.Staff ReportsA. Attorney1. “Opportunity to Be Heard” Legislation2. Meadows Appraisal UpdateB. EngineerC. Manager1. CDD Management Reports‣ Management Table Exhibit 2‣ Financial Executive Summary Exhibit 3D. Facilities Manager Report Activities ReportVII.Committee ReportsA. FinanceB. Landscape-Aquascape-Facilities.

CORY LAKES CDD AGENDA 9-4-2013C. Pool Sub-CommitteeD. Security - July Security Incident Report Exhibit 4E. Strategic Planning CommitteeF. Communications Task Force [C. Spiro]VIII. Supervisor RequestsIX.Public CommentsX. Adjournment

EXHIBIT 1.

Cory Lakes CDDYour Cost as a Percentage of PayrollWorkers' Compensation CodesFL9012FICA Expense 6.20%Medicare Expense 1.45%State Unemployment Tax (SUTA)Federal Unemployment Tax (FUTA) 0.60%Workers' Compensation 1.71%Administration 2.75% Compare onlyYour Present Rates 12.71%FICA Expense 6.20%Medicare Expense 1.45%State Unemployment Tax (SUTA)Federal Unemployment Tax (FUTA) 0.60%Workers' Compensation 1.54%Administration 1.95%Innovative's Rates 11.74%Your Payroll with InnovativeWorkers' Compensation Codes FL9012 TotalsYour Gross Payroll Per Pay 2,308 2,308Your Current Total Cost Per Pay 2,601 2,601Innovative's Total Cost Per Pay 2,579 2,579Your Annual Gross Payroll 120,000 120,000Your Current Annual Total Cost 135,252 135,252Innovative's Annual Total Cost 134,087 134,087Total Annual Savings 1,165Employee Number 4 4Pay Cycle 52Innovative will reduce the above service fees when the statutory maximums are reached for FUTA,SUTA and for FICA. The proposal is not binding until acceptance by Innovative's workers' compcarrier is obtained.Other Charges:The Delivery and Handling Charges are $9.75 per location.

Sometimes a solution presents itself. Sometimes it’s the perfect solution. Innovative EmployerSolutions – a name synonymous with partnership, trust, reliability, and success – is the key. Wediligently work with companies every day to increase the ease, accuracy, and profitability of theirbusinesses. Reduce the stress. Increase your profits. Use Innovative to help guide you through thetough employer issues such as healthcare reform or staying in compliance with employment laws.Simplify Life with Innovative’s Single Source SolutionPayroll Options – Tired of doing payroll in-house or with inflexiblepayroll companies?• Add control and flexibility back into your payroll process, while gettingpayroll right the first time• Put an end to high cost service companies, payroll companies, and PEOs• Have your taxes paid in an efficient and timely manner with no worry• Obtain access to low cost workers’ compensation with no down paymentBenefits – Frustrated in dealing with insurance companies?• Let Innovative administer and pay your benefit plans – never talk to aninsurance company again• Understand your requirements under healthcare reform• Reduce your payroll taxes by utilizing a Section 125 plan• Establish a robust low cost 401k plan to lower your taxes and save foryour futureHR Administration – Concerned with the current employment law environment?• Acquire expert assistance in keeping up with regulatory changes and requirements• Obtain immediate advice on how to properly handle employee issues• Receive a legally compliant employee handbook customized to your businessOnline Service – Would you like the ability to access payroll from anywhere in the world?• Enter and review both HR and payroll information from new hires to paychecks• Allow employee secure access to online information such as W-2s and pay stubs• Access not only standard, but also custom reports designed specifically to meet your needs• Utilize handheld PDAs to review both pay stubs and invoicesTime Clock Systems – Seeking a way to decrease labor costs?• Reduce employee overpayments due to long breaks, long lunches, early departures, and late arrivals• Optimize your workforce to reduce actual payroll costs by 2% to 5%• Save preparation time with effortless integration into Innovative’s online payroll system• Access a hearty assortment of comprehensive web-based time management solutions from your desktopWhether you have ten employees or thousands, Innovative provides a comprehensive, easy to use solutionto help you control your labor costs, minimize compliance risk, and manage employees with ease.Your Single Source Solution(800) 909-9098

EXHIBIT 2.

CORY LAKES PROJECTSAmenities PlanSP Committee project. Ongoing.Bank Loan Review bank loan to pay replace resident bond debt in November 2013.Budget 2014Board and committees are reviewing.Developer parcelsMorris Bridge lots and maintenance lot.Development orderTraffic signal component is an outstanding issue.Facilities StaffingLeasing Firms contacted in anticipation of 10.1 transferLake MaintenancePreserve water quality and lake banks. Compliance with regulatory matters.LandscapeFacilities Manager and LAF Committee conduct ongoing review and refinement.Meadows parcelReview is in process, awaiting appraisal.Pearce litigationIn process.Pool ConstructionPool project in process.Various staff projectsSee meeting booklet materials.

EXHIBIT 3.

CORY LAKES CDDFINANCIAL REPORT SUMMARY - GENERAL FUND-PRELIMINARY DRAFTFOR THE PERIOD ENDING JULY 31, 2013FISCAL YEAR: OCTOBER 1, 2012 TO SEPTEMBER 30, 2013CURRENT YEAR PRIOR YEAR7/31/2013 7/31/2012MISC. REVENUE SUMMARYCASH BALANCE $ 1,688,953 $ 1,788,309BAR CODES $ 1,860RENTAL FEES 1,800LESS: ACCOUNTS PAYABLE 47,792 66,904 OTHER 3,143TOTAL $ 6,803NET CASH BALANCE $ 1,641,161 $ 1,721,405UNRESERVED GF BALANCE (UN-ASSIGNED) $ 835,367 $ 856,408SEE MISCELLANEOUSREVENUE BREAKDOWNRESERVE GF BALANCE (ASSIGNED) 769,385 818,198 SCHEDULE FOR MOREINFORMATION (PAGE 4).TOTAL GENERAL FUND BALANCE $ 1,604,752 $ 1,674,607REVENUE AND EXPENDITURES (FY 2013 YTD):FAVORABLEACTUAL BUDGET (UNFAVORABLE)YEAR-TO-DATE YEAR-TO-DATE VARIANCEREVENUE (YTD) $ 2,023,110 $ 1,724,549 $ 298,561EXPENDITURES (YTD) (1,493,268) (1,461,919) (31,349)NET OPERATING CHANGE $ 529,842 $ 262,630 $ 267,212AVERAGE MONTHLY EXPENDITURES $ (149,327) $ (146,192) $ (3,135)SIGNIFICANT FINANCIAL ACTIVITY:FAVORABLEACTUAL BUDGET (UNFAVORABLE)YEAR-TO-DATE YEAR-TO-DATE VARIANCEREVENUE:ASSESSMENTS-ON-ROLL (NET) $ 1,723,487 $ 1,697,049 $ 26,437EXPENDITURES:LEGAL-GENERAL-STRALEY & ROBIN 13,675 12,500 (1,175)SPECIAL LITIGATION 47,014 15,000 (32,014)UTILITIES 155,031 169,711 14,680SECURITY 257,493 286,667 29,174FIELD OFFICE ADMINISTRATION 153,461 191,360 37,898LANDSCAPE MAINTENANCE 277,583 347,006 69,423FACILITIES MAINTENANCE 141,450 130,083 (11,366)CAPITAL IMPROVEMENTS 286,466 147,628 (a) (138,838)SEE RESPECTIVE FINANCIAL STATEMENTS FOR MORE DETAILa) IN CERTAIN CIRCUMSTANCES, CAPITAL IMPROVEMENTS REFLECTS THE "ANNUAL" BUDGET (AS OPPOSED TO A PRO-RATED YEAR-TO-DATE BUDGET) GIVEN THE RANDOM TIMING OF ACTUAL EXPENDITURES.

CORY LAKES COMMUNITY DEVELOPMENT DISTRICTGENERAL FUND RESERVE ANALYSIS-PRELIMINARY DRAFTFOR THE PERIOD ENDING JULY 31, 2013On December 15, 2010, the Board passed a motion to transfer funds in excess of $500,000 in unreserve/unassigned fundbalance to the reserve fund balance. On an annual basis, the District is to evaluate the unassigned fund balance onNovember 30th. The Board's intention is to reserve the balance of funds in excess of $500,000 for the purpose to fund thefirst quarter operating pending the receipt of assessments based on the annual estimated lowest fund balance on November30 of each year.Included in the reserve fund balance is the following:DateDescription Calculation Received/Trsf Amount1) Series 1997 Excess Reserves - Board Directed October 2009 $ 77,970.002) Series 1997 Excess Reserves - Board Directed October 2010 68,000.003) Series 1997 Excess Reserves - Board Directed October 2011 2,500.004) Series 1997 Excess Reserves - Board Directed April 2012 72,000.005) FY 2011 Budget Amendment - Board Directed FY 2011 100,000.006) Excess Unreserve/Unassigned Fund Balance Transfer (642,491-500,000) November 30, 2010 142,491.007) Excess Unreserve/Unassigned Fund Balance Transfer (806,424-500,000) November 30, 2011 306,424.008) Excess Unreserve/Unassigned Fund Balance Transfer (471,528-500,000) November 30, 2012 * -General Fund Reserve Balance $ 769,385.00*The unreserved/unassigned fund balance was less than the $500,000 threshold, therefore, no amount was transferredto reserve/assigned fund balance.

EXHIBIT 4.

SECURITY SUMMARY REPORTU.S. SECURITY ASSOCIATES - CORY LAKE ISLESJULY 2013During the month of July 2013, U.S. Security Associates officers responded to a total of 7 incidents inCory Lake Isles. Below is an overall summary of the incident totals, as well as a brief summary of theincidents reported.Incident TotalsIncident type:TotalTheft 1Property Damage 2Unusual Activity 3Medical 1Total: 7Law Enforcement FrequencyAgencyOn-site total:Tampa Police Department 49Hillsborough Co. Sheriff’s Department 2Fire Department 9Total: 60Off-Duty Assignments (TPD)AgencyOn-site total:Total Hours 0Total Stops 0Total Citations 0Speeding 0Warnings 0

SECURITY SUMMARY REPORTU.S. SECURITY ASSOCIATES - CORY LAKE ISLESJULY 2013Incident Type:TheftDate: 07/09/2013Time: 1031Location:Lanai Isle DriveSummary:Resident called the Morris Bridge gate to report that the ceramic lion that was on top ofher mailbox had been taken sometime during the day on 07/08/13 between the hours of0900-1800. I advised her to contact TPD to report the incident. She refused. Security patrolofficers were advised of the incident.kandaIncident Type:Medical EmergencyDate: 07/09/2013Time: 2236Location:Cayman Isle CourtSummary:At approximately 2236 hours, two fire rescue vehicles entered the Cross Creek gate. S/Oon duty notified the patrol officer on duty. Patrol officer located the fire rescue vehicles onCayman Isle Court.

SECURITY SUMMARY REPORTU.S. SECURITY ASSOCIATES - CORY LAKE ISLESJULY 2013Incident Type:Fallen TreeDate: 07/02/2013Time: 1645Location:Egress Lane Cory Lake Blvd.(Inside Morris Bridge Gate)Summary:Resident stopped at the Morris Bridge gate and advised that a tree had been knockeddown during the recent storm and was partially blocking the egress lane of Cory Lake Blvd.inside of the Morris Bridge gate. Frank James was notified and responded. Area was conedoff and made safe. Angel’s Tree Service responded and cleared the roadway for safe travel.Incident Type:Power FailureDate: 07/04/2013Time: 2024Location:Morris Bridge GateSummary:At approximately 2024 hours, power was lost at the Morris Bridge gate. Patrol officernotified Frank James, Joe Galor and TECO. Power outage procedures were followed inreference to the ingress and egress lanes. Patrol vehicle was positioned with headlightsshining on the ingress side of the gate house with overhead light activated to warnincoming traffic for safety purposes. TECO restored power at approximately 2320 hours.

SECURITY SUMMARY REPORTU.S. SECURITY ASSOCIATES - CORY LAKE ISLESJULY 2013Incident Type:Domestic DisputeDate: 07/14/2013Time: 2105Location:Barbados Isle DriveSummary:Four TPD units were dispatched to the above listed residence. Our patrol officer met withone of the responding police officers who advised they were dispatched by the resident torespond to a disruptive and unruly female guest. The female guest was escorted off of theproperty by the responding TPD units.Incident Type:Alarm ResponseDate: 07/22/2013Time: 2240Location:Cory Lake DriveSummary:Resident phoned the officer on duty at the Cross Creek gate and advised that her alarmcompany had informed her of an alarm activation at her residence. Our patrol officerresponded and set up observation of the residence until TPD responded. TPD officerarrived and performed a perimeter check and found no signs of forced entry or foul play.

SECURITY SUMMARY REPORTU.S. SECURITY ASSOCIATES - CORY LAKE ISLESJULY 2013Incident Type:Property DamageDate: 07/28/2013Time: 1145Location:Morris Bridge GateSummary:An employee operating a company owned landscape vehicle attempted to enter thecommunity through the inside visitor lane and struck the overhang causing damage to thefascia board. The security officer on duty was on the phone documenting an access requestand was unable to step out in time to stop the vehicle. The officer obtained the driver’slicense, registration and insurance card. Frank James and Joe Galor were notified. Photoswere taken and forwarded to the necessary personnel. Frank James collected theinformation obtained and had the damage repaired.Respectfully Submitted on August 3, 2013Cpt. Joe GalorU.S. Security Associates - Cory Lake Isles

Real Estate Consulting Services:Land Secured Public FinancingSchool DistrictReimbursement and CreditFiscal ImpactService DistrictsMunicipal District ServicesDevelopment Impact FeeRedevelopment DistrictAffordable Housing FinancingOther Public FinancingComplianceEntitlement AnalysisCash Flow Feasibility AnalysisDisclosure ServicesEngineering ServicesProject Management ServicesCapital Markets GroupProperty Tax AppealsCDD Management ServicesLook Back Diagnostic ReviewLender ServicesAsset Management ServicesPortfolio Management ServicesEconomic ImpactMarket Analysiswww.dpfg.comOrange County, CA27127 Calle Arroyo, Suite 1910San Juan Capistrano, CA 92675P: (949) 388-9269F: (949) 388-9272Boise, ID950 West Bannock, 11th FloorBoise, ID 83702P: (208) 319-3576F: (208) 439-7339Orlando, FL1060 Maitland Center Commons,Suite 340Maitland, FL32751P: (321) 263-0132F: (321) 263-0136Charleston, SC4000 S. Faber Place Drive, Suite 300N. Charleston, SC 29405P: (843) 277-0021F: (919) 869-2508Sacramento, CA4380 Auburn Blvd.Sacramento, CA 95841P: (916) 480-0305F: (916) 480-0499Phoenix, AZ3302 East Indian School RoadPhoenix, AZ 85018P: (602) 381-3226F: (602) 381-1203Tampa, FL15310 Amberly Drive, Suite 175Tampa, FL 33647P: (813) 374-9104F: (813) 374-9106Las Vegas, NV3277 E. Warm Springs Road,Suite 100Las Vegas, NV 89120P: (702) 478-9277F: (702) 629-5497Austin, TX8140 Exchange DriveAustin, TX 78754P: (512) 732-0295F: (512) 732-0297Research Triangle, NC1340 Environ Way, Suite 328Chapel Hill, NC 27517P: (919) 321-0232F: (919) 869-2508