Miami World Center Community Development District

The meeting included a discussion regarding the Stormwater Management Cleaning Plan, resulting in the approval of a contract with FloTech Environmental LLC. The Board reviewed and approved an Interlocal Agreement with the City of Miami for security improvements and services. A public hearing was held to adopt the budget for the upcoming fiscal year, and a resolution was adopted to impose special assessments for the same period. The Board also established guidelines for special events on district property, including approving a monthly car show. Additionally, the Board adopted a resolution setting the meeting schedule for the next fiscal year, reviewed legislative updates, and approved the Goals and Objectives performance measures.

The board will consider resolutions for the proposed fiscal year budget, the implementation of election procedures for district board seats, and the scheduling of landowner and regular board meetings. Additional discussion topics include a monthly car show, performance measures and annual reporting standards, and the acceptance of unaudited financial statements. Furthermore, the board will review staff reports from the District Counsel, District Engineer, Operations Manager, and District Manager, including a consideration of adjustments to the District Counsel's fee structure.

The budget includes revenues from assessment levies and interest. Expenditures cover professional and administrative costs such as supervisors, district engineer, general counsel, district manager, accounting, debt service fund accounting, dissemination agent, assessment roll services, arbitrage rebate calculation, trustee fees, audit, postage, insurance, legal advertising, bank charges, website hosting and maintenance, and annual district filing fee. Field operations expenditures include capital improvements, street light services, electrical repairs, property insurance, landscape services, irrigation maintenance, landscape enhancements, landscape architect site visits, landscaping assessment, arborist report, benches, general maintenance, stormwater drain inspections, janitorial services, pest control, maintenance storage, waste removal, paver sealing, painting, civil engineering assistance, coordination of third-party damage, on-site field management, telephone/internet, and office equipment. Security expenses cover an interlocal agreement, security services, internet for the security operations center, camera maintenance, and camera repairs. Utility costs include electricity and water/sewer for irrigation. Other fees and charges consist of property appraiser and tax collector fees. The budget also includes a contingency fund.

The agenda includes a public hearing on the adoption of the Fiscal Year 2024/2025 Budget, consideration of resolutions relating to annual appropriations, budget adoption, determination of benefit, and imposition of special assessments for Fiscal Year 2024/2025. Also on the agenda is the presentation of the Audited Financial Report for the Fiscal Year Ended September 30, 2023, consideration of resolutions accepting the audit, electing and removing officers, and a proposal for camera removal and reinstallation for light pole relocation. Additional items include an update on the Capital Projects Fund, consideration of a Non-Disturbance Agreement, acceptance of Unaudited Financial Statements, approval of prior meeting minutes, and staff reports.

The meeting included discussion of Resolution 2023-03, approving a proposed budget for Fiscal Year 2023/2024, and Resolution 2023-04, designating dates, times, and locations for regular meetings. Updates were provided on FPL poles relocation and the Miami World Towers Easement and Restoration Agreement. The board discussed the 3rd Amendment to the JLL Property Management Agreement and accepted the Unaudited Financial Statements as of March 31, 2023. The District Engineer reported on modifications needed due to the City's roadway changes affecting access to tenants.