Islands At Doral 3 Community Development District

Key discussions included a presentation from MBS Capital Markets, LLC regarding potential Series 2014 Refunding options (Public Offering vs. Private Placement) to estimate assessment savings. The Board also addressed organizational matters, including accepting a resignation and appointing a new Supervisor, Gerardo Verde, followed by an election of officers. Staff reports covered the Attorney's consideration of the District Counsel Fee Structure and the Engineer's presentation on GIS modeling for stormwater infrastructure digitization, including a proposal to concurrently survey sidewalks for trip hazards. The Board also discussed procedures for the General Election and updates on asphalt rehabilitation projects for various community phases.

The meeting agenda included organizational matters such as accepting a resignation, considering the appointment of a Supervisor for the open Seat #2, and the election of officers. Key discussions involved a presentation on the Series 2014 Refunding with MSB Capital Markets, LLC regarding estimated assessment savings. Staff reports covered the Attorney, Engineer (including proposals for Sidewalk Inspection and digitization of Stormwater Infrastructure Data into ArcGIS), and Manager. Financial reports included acceptance of the Check Register and Unaudited Financials. Supervisors' requests addressed audience comments and substantial discussion on sidewalk repairs, specifically approving a not-to-exceed amount of $15,000 for the Towns at St. Moritz CDD sidewalk repairs and $5,000 for reported Antilles CDD sidewalk repairs. There was also a detailed discussion regarding the debt service, concluding that refinancing the Series 2013 and Series 2014 bonds is not financially beneficial under current market conditions. The Board accepted the District Engineer's Report for Fiscal Year 2025-2026 and approved the FY2025-2026 Performance Measures and Standards.

The meeting agenda included organizational matters such as accepting a resignation, considering appointments for an unexpired term, and electing officers. Key operational discussions involved staff reports, including the postponement of the Engineer's presentation on stormwater infrastructure digitization into ArcGIS. Financial reports addressed the acceptance of the check register and unaudited financials. The Board approved Resolution #2026-01 for the Fiscal Year 2025 Budget Amendment and accepted the Audit for Fiscal Year Ending September 30, 2024. The Board authorized an engagement letter with Grau & Associates for the Fiscal Year 2025 audit. A significant portion of the meeting was dedicated to approving sidewalk repairs in the Towns at St. Moritz section with a not-to-exceed amount of $15,000, and subsequently setting a not-to-exceed amount of $5,000 for reported sidewalk repairs in Antilles. The Supervisors also discussed long-term bond refinancing, concluding it was not favorable under current market conditions, and addressed liability regarding CDD vs. Master Association responsibility for lake easements and private property foundational issues. Finally, the Board accepted the District Engineer's Report for Fiscal Year 2025-2026 and approved the FY2025-2026 Performance Measures and Standards.

The meeting included discussions and actions on various topics such as sinkholes, the District Engineer's Report for Fiscal Year 2024-2025, a District Road Pavement Project, a Drainage System Cleaning Project, and the Fiscal Year 2025 Meeting Schedule. The board also conducted a public hearing to adopt the Fiscal Year 2025 Budget and considered resolutions related to annual appropriations, levying non-ad valorem assessments, and electing an Assistant Treasurer. Additionally, there was a discussion regarding a legislative update and the financial reports were accepted.

The agenda includes the oath of office for supervisors elected at the general election, followed by roll call and audience comments. Organizational matters involve certifying the results of the general election and electing officers. The meeting will cover the approval of minutes from the November 6, 2024, meeting, ratification of a small project agreement for roadway rehabilitation, and consideration of resolutions designating the District's Registered Agent and approving the proposed Fiscal Year 2026 Budget and setting the Public Hearing. Staff reports from the Attorney, Engineer, and Manager will be presented, along with financial reports including the acceptance of the check register and unaudited financials. Supervisors requests will be addressed before adjournment.