Agenda Page 1

LIVE OAK NO. 2

COMMUNITY DEVELOPMENT DISTRICT

MAY 23, 2018

AGENDA PACKAGE

Agenda Page 2

Live Oak No. 2 Community Development District

Inframark, Infrastructure Management Services
210 North University Drive Suite 702, Coral Springs, Florida 33071 Phone: 954-603-0033 Fax: 954-345-1292

May 16, 2018

Board of Supervisors

Live Oak No. 2 Community
Development District

Dear Board Members:

The meeting of the Board of Supervisors of the Live Oak No. 2 Community Development District will be held Wednesday, May 23, 2018 at 6:30 p.m. at the Live Oak Clubhouse, 9401 Oak Preserve Boulevard, Tampa, Florida. Following is the advanced agenda for the meeting:

1.	Call to Order and Roll Call
2.	Public Comment on Agenda Items
3.	Consent Agenda
A.	Approval of Minutes of the January 16, 2018 Meeting
B.	Financial Report Dated April 30, 2018
C.	Report on the Number of Registered Voters (1,466)

4.	Staff Reports
A.	Manager
i.	Consideration   of   Resolution   2018-01   Confirming   the

	District’s Use of the Hillsborough Supervisor of Elections to Continue Conducting the District’s Election of Supervisors in

	Conjunction with the General Election

ii.	Consideration of Resolution 2018-02 Approving the Proposed Budget for Fiscal Year 2019 and Setting a Public Hearing
B.	Attorney
C.	Engineer

5.	Supervisors’ Requests
6.	Audience Comments
7.	Adjournment

Any additional supporting material for the items listed above is enclosed or will be distributed at the meeting. The balance of the agenda is routine in nature. If you have any questions, please contact me.

Sincerely,

Andrew P. Mendenhall, PMP

Manager

Agenda Page 3

Third Order of Business

Agenda Page 4

3A.

Agenda Page 5

MINUTES OF MEETING
LIVE OAK NO. 2
COMMUNITY DEVELOPMENT DISTRICT

A meeting of the Board of Supervisors of the Live Oak No. 2 Community Development

District was held on Tuesday, January 16, 2018 at 11:00 a.m. in the Live Oak Clubhouse, 9401

Oak Preserve Boulevard, Tampa, Florida.

Present and constituting a quorum were:

Elizabeth Hubbard	Chairperson
Richard Thatcher	Vice Chairman
Kathleen Thatcher	Assistant Secretary

Also present:

Andrew P. Mendenhall	District Manager
Larry Kistler	District Engineer
Vinney Galiano	District Engineer

The following is a summary of the minutes and actions taken.

FIRST ORDER OF BUSINESS	Call to Order and Roll Call
Mr. Mendenhall called the meeting to order and roll was called.

SECOND ORDER OF BUSINESS	Public Comment on Agenda Items
None.

THIRD ORDER OF BUSINESS	Consent Agenda

A.	Approval of Minutes of the October 17, 2017 Meeting

B.	Financial Report
i.	September 30, 2017
ii.	December 31, 2017

ON MOTION by Ms. Hubbard seconded by Mr. Thatcher with all in favor the Consent Agenda was approved as presented.

Unapproved

Agenda Page 6

January 16, 2018	Live Oak No. 2 CDD

FOURTH ORDER OF BUSINESS	Staff Reports
A.	Manager

Mr. Mendenhall reported the Well Observation will go into effect. An updated proposal will be submitted to clarify the billing party.

B.	Attorney None.

C.	Engineer

Mr. Kistler provided an update on the ponds. The issue has been solved and everything is

back to normal. Monitoring of the wells is still necessary for a six-month period in order to report

any changes.

A.	Manager (Continued)

i.	Motion to Assign Fund Balance as of September 30, 2017

	ON MOTION by Ms. Hubbard seconded by Ms. Thatcher with all in favor Assigning the Fund Balance as of September 30, 2017 was approved.

ii.	FY 2017 Audit Engagement Letter- Berger, Toombs, Elam, Gaines and Frank

	ON MOTION by Mr. Thatcher seconded by Ms. Hubbard with all in favor the Audit Engagement Letter with Berger, Toombs, Elam, Gaines and Frank was approved.

FIFTH ORDER OF BUSINESS	Supervisors’ Requests
The following comments were received:
•	Ms. Hubbard commented on a fallen pine tree. LMP will be notified.

•	Ms. Thatcher reported a fence installment over the easement area on Driftwood. The fence will be inspected to ensure code compliance.

SIXTH ORDER OF BUSINESS	Audience Comments
None.

SEVENTH ORDER OF BUSINESS	Adjournment

unapproved

Agenda Page 7

January 16, 2018	Live Oak No. 2 CDD

On MOTION by Ms. Hubbard seconded by Mr. Thatcher with all in favor the meeting was adjourned.

Elizabeth Hubbard
Chairperson

unapproved

Agenda Page 8

3B.

Agenda Page 9

LIVE OAK NO. 2

Community Development District

Financial Report

April 30, 2018

Prepared by:

				Agenda Page 10	
	LIVE OAK NO. 2			
	Community Development District			
					
			Table of Contents	
	FINANCIAL STATEMENTS			
	Balance Sheet		…………………………………………………. Page 1	
	Statement of Revenues, Expenditures and Changes in Fund Balances	
	General Fund	…………………………………………………. Page 2 - 3	
	Debt Service Fund	…………………………………………………. Page 4	
	SUPPORTING SCHEDULES				
	Non-Ad Valorem Special Assessments	…………………………………………………. Page 5	
	Cash & Investment Report	…………………………………………………. Page 6	
	SunTrust Bank Reconciliation	…………………………………………………. Page 7	
	Check Register	…………………………………………………. Page 8 - 9	

Agenda Page 11

LIVE OAK NO. 2

Community Development District

Financial Statements

(Unaudited)

April 30, 2018

LIVE OAK NO. 2										Agenda Page 12		
									Governmental Funds		
Community Development District											
												
				Balance Sheet									
				April 30, 2018									
									SERIES 2016						
						GENERAL			DEBT						
									SERVICE			TOTAL		
		ACCOUNT DESCRIPTION			FUND			FUND					
	ASSETS												
																
	Cash - Checking Account	$	64,024	$	-	$	64,024			
	Due From Other Funds			-			12,579			12,579			
	Investments:												
	Certificates of Deposit - 12 Months			101,025			-			101,025			
	Money Market Account			337,237			-			337,237			
	Prepayment Account			-			705			705			
	Reserve Fund			-			275,883			275,883			
	Revenue Fund			-			590,499			590,499			
											
	TOTAL ASSETS	$	502,286	$	879,666	$	1,381,952			
																
	LIABILITIES												
															
	Accounts Payable	$	485	$	-	$	485			
	Due To Other Funds			12,579			-			12,579			
													
	TOTAL LIABILITIES			13,064			-			13,064			
	FUND BALANCES												
	Restricted for:													
	Debt Service			-			879,666			879,666			
	Assigned to:												
	Operating Reserves			52,831			-			52,831			
	Reserves - Ponds			170,751			-			170,751			
	Unassigned:			265,640			-			265,640			
											
	TOTAL FUND BALANCES	$	489,222	$	879,666	$	1,368,888			
											
	TOTAL LIABILITIES & FUND BALANCES	$	502,286	$	879,666	$	1,381,952			

Page 1

LIVE OAK NO. 2													Agenda Page 13		
													General Fund		
Community Development District															
																
				Statement of Revenues, Expenditures and Changes in Fund Balances					
							For the Period Ending April 30, 2018									
										ANNUAL					YTD ACTUAL					
			ACCOUNT DESCRIPTION				ADOPTED		YEAR TO DATE		ASA%OF		APR-18		
							BUDGET			ACTUAL		ADOPTED BUD		ACTUAL		
		REVENUES																
																						
			Interest - Investments	$	-	$	1,951	0.00%			$	276			
			Interest - Tax Collector				-			105	0.00%				-			
			Special Assmnts- Tax Collector				256,049			251,456	98.21%				3,758			
			Special Assmnts- Discounts				(10,242)			(9,761)	95.30%				-			
																	
		TOTAL REVENUES				245,807			243,751	99.16%				4,034			
		EXPENDITURES																	
			Administration																	
			P/R-Board of Supervisors				8,000			1,400	17.50%				-			
			FICA Taxes				612			107	17.48%				-			
			ProfServ-Arbitrage Rebate				600			-	0.00%				-			
			ProfServ-Dissemination Agent				1,000			1,000	100.00%				-			
			ProfServ-Engineering				15,000			4,461	29.74%				-			
			ProfServ-Legal Services				3,000			887	29.57%				-			
			ProfServ-Mgmt Consulting Serv				38,850			22,663	58.33%				3,238			
			ProfServ-Special Assessment				12,500			12,500	100.00%				-			
			ProfServ-Trustee Fees				3,717			-	0.00%				-			
			Auditing Services				3,500			-	0.00%				-			
			Postage and Freight				1,000			62	6.20%				14			
			Insurance - General Liability				9,141			8,310	90.91%				-			
			Printing and Binding				500			92	18.40%				1			
			Legal Advertising				900			552	61.33%				-			
			Misc-Bank Charges				600			117	19.50%				24			
			Misc-Assessmnt Collection Cost				5,121			4,834	94.40%				75			
			Misc-Web Hosting				775			-	0.00%				-			
			Office Supplies				100			-	0.00%				-			
			Annual District Filing Fee				175			175		100.00%				-			
			Total Administration				105,091			57,160		54.39%				3,352			

Page 2

LIVE OAK NO. 2												Agenda Page 14		
												General Fund		
Community Development District														
															
			Statement of Revenues, Expenditures and Changes in Fund Balances					
			For the Period Ending April 30, 2018									
						ANNUAL					YTD ACTUAL					
			ACCOUNT DESCRIPTION			ADOPTED		YEAR TO DATE		ASA%OF		APR-18		
						BUDGET			ACTUAL		ADOPTED BUD		ACTUAL		
		Field																
		Contracts-Envirom'l Monitoring			3,200			2,400	75.00%				-			
		Contracts-Landscape			44,238			25,806	58.33%				3,687			
		Contracts-Lakes			16,596			9,681	58.33%				1,383			
		R&M-Fence			7,500			-	0.00%				-			
		R&M-Lake			5,000			13,244	264.88%				-			
		R&M-Wetland Monitoring			8,000			7,350	91.88%				-			
		Misc-Contingency			25,000			8,789	35.16%				485			
		Reserve - Ponds			31,182			-		0.00%				-			
		Total Field			140,716			67,270		47.81%				5,555			
															
	TOTAL EXPENDITURES			245,807			124,430	50.62%				8,907			
		Excess (deficiency) of revenues															
		Over (under) expenditures			-			119,321		0.00%				(4,873)			
	Net change in fund balance	$	-	$	119,321	0.00%			$	(4,873)			
	FUND BALANCE, BEGINNING (OCT 1, 2017)			369,901			369,901									
	FUND BALANCE, ENDING	$	369,901	$	489,222									

Page 3

LIVE OAK NO. 2												Agenda Page 15		
								Series 2016 Debt Service Fund		
Community Development District										
															
					Statement of Revenues, Expenditures and Changes in Fund Balances					
							For the Period Ending April 30, 2018									
											ANNUAL					YTD ACTUAL					
			ACCOUNT DESCRIPTION			ADOPTED		YEAR TO DATE		ASA%OF		APR-18		
						BUDGET			ACTUAL		ADOPTED BUD		ACTUAL		
		REVENUES															
																							
			Interest - Investments	$	-	$	497	0.00%			$	134			
			Special Assmnts- Tax Collector			600,454			589,685	98.21%				8,812			
			Special Assmnts- Discounts			(24,018)			(22,891)	95.31%				-			
																
		TOTAL REVENUES			576,436			567,291	98.41%				8,946			
		EXPENDITURES																
			Administration																
			Misc-Assessmnt Collection Cost			12,009			11,336		94.40%				176			
			Total Administration			12,009			11,336	94.40%				176			
			Debt Service															
																				
			Principal Debt Retirement			315,000			-	0.00%				-			
			Interest Expense			238,324			119,162		50.00%				-			
			Total Debt Service			553,324			119,162		21.54%				-			
																
		TOTAL EXPENDITURES			565,333			130,498	23.08%				176			
			Excess (deficiency) of revenues															
			Over (under) expenditures			11,103			436,793	3934.01%				8,770			
		OTHER FINANCING SOURCES (USES)																
			Contribution to (Use of) Fund Balance			11,103			-	0.00%				-			
																
		TOTAL FINANCING SOURCES (USES)			11,103			-	0.00%				-			
		Net change in fund balance	$	11,103	$	436,793	3934.01%			$	8,770			
		FUND BALANCE, BEGINNING (OCT 1, 2017)			442,873			442,873									
		FUND BALANCE, ENDING	$	453,976	$	879,666									

Page 4

Agenda Page 16

LIVE OAK NO. 2

Community Development District

Supporting Schedules

April 30, 2018

LIVE OAK NO. 2

Community Development District

Agenda Page 17

Non-Ad Valorem Special Assessments (Hillsborough County Tax Collector - Monthly Collection Distributions) For the Fiscal Year Ending September 30, 2018

												ALLOCATION BY FUND	
				Discount /						Gross					
Date		Net Amount		(Penalties)		Tax Coll	Prop Appr		Amount		General	Debt Service	
Received		Rcv'd		Amount		Cost		Cost		Received		Fund		Fund**	
Assessments Levied FY '18								$856,502		$256,048		$600,454	
Allocation %										100%		30%		70%	
11/07/17	$	7,749	$	400	$	158	$	-	$	8,307	$	2,483	$	5,824	
11/16/17		41,807		1,777		853		-		44,438		13,285		31,153	
11/24/17		154,611		6,574		3,155		-		164,340		49,129		115,211	
12/11/17		494,009		21,003		10,082		-		525,094		156,975		368,119	
12/15/17		42,293		1,474		863		-		44,631		13,342		31,288	
01/10/18		21,970		1,082		448		-		23,500		7,025		16,475	
02/08/18		11,936		285		244		-		12,464		3,726		8,738	
03/06/18		5,625		58		115		-		5,797		1,733		4,064	
04/06/18		12,319		-		251		-		12,570		3,758		8,812	
															
TOTAL	$	792,319	$	32,653	$	16,170	$	-	$	841,141	$	251,456	$	589,685	
															
% COLLECTED										98%		98%		98%	
															
TOTAL O/S									$	15,361	$	4,592	$	10,769	

Page 5

Agenda Page 18

LIVE OAK NO. 2	All Funds

Community Development District

Cash and Investment Report

April 30, 2018

General Fund

Account Name		Bank Name		Investment Type		Maturity		Yield		Balance		
																			
Checking Account-Operating		SunTrust	Public Funds Analyzed Cking		n/a	0.00%	$64,024	(1)		
Certificate of Deposit	Florida Community Bank	12 MO CD - #2700	01/17/19	0.45%	101,025				
MMA-0186		BankUnited	Money Market Account		n/a	0.78%	337,237				
											Total-GF					
												$502,287				

Debt Service Funds

Account Name	Bank Name		Investment Type		Maturity		Yield				Balance			
																			
Series 2016	Prepayment Acct	US Bank	US Bank Open Ended CP	05/01/18	0.00%			$705			
Series 2016	Reserve Fund	US Bank	US Bank Open Ended CP	03/01/18	0.00%			275,883			
Series 2016	Revenue Fund	US Bank	US Bank Open Ended CP	03/01/18	0.00%	(2)	590,499			
										Total-DS						
													$867,086			
																	
											Total			$1,369,374			

Note (1) - Transferring $12,579 to the debt service in May.

Page 6

Live Oak No. 2 CDD	Agenda Page 19		
			
Bank Reconciliation				
Bank Account No.	9534	SunTrust Bank N.A. - GF		
Statement No.	04-18			
Statement Date	4/30/2018			

G/L Balance (LCY)	64,024.45	Statement Balance	64,277.15					
	G/L Balance	64,024.45	Outstanding Deposits	0.00					
Positive Adjustments	0.00	Subtotal						
			64,277.15					

	Subtotal	64,024.45	Outstanding Checks	252.70					
Negative Adjustments	0.00	Differences	0.00					
Ending G/L Balance		Ending Balance						
									
	64,024.45		64,024.45					
	Difference	0.00							
Posting	Document	Document	Description	Amount	Cleared	Difference		
Date	Type	No.			Amount			
Outstanding Checks									
4/6/2018	Payment	003651	CREATIVE MAILBOX & SIGN DESIGNS	242.50	0.00	242.50		
4/23/2018	Payment	003656	FED EX	10.20	0.00	10.20		
Total Outstanding Checks......................................................................................................................	252.70		252.70		

Page 7

Agenda Page 20

						LIVE OAK NO. 2					
					Community Development District					
												
						Payment Register by Fund					
					For the Period from 01/01/2018 to 04/30/2018					
					(Sorted by Check / ACH No.)					
												
	Fund	Check /	Date	Payee	Invoice No.		Payment Description	Invoice / GL Description	G/L Account #	Amount		
	No.	ACH No.								Paid		

	GENERAL FUND - 001									
001	003628	01/15/18	AMERICAN ECOSYSTEMS, INC	1801225		JAN 2018 WTR MGMNT	Contracts-Lakes	534084-53901	$1,383.00		
001	003629	01/15/18	FLORIDA NATIVES NURSERY, INC	14787		QRTLY MITIGATION MAINT	R&M-Wetland Monitoring	546108-53901	$800.00		
001	003630	01/15/18	LANDSCAPE MAINTENANCE	128876		1/18 GROUND MAINTS	Contracts-Landscape	534050-53901	$3,686.50		
001	003634	01/25/18	KING ENGINEERING ASSOCIATES, I	2004-0037-00		NOV GEN ENGINEERING	ProfServ-Engineering	531013-51501	$1,463.00		
001	003634	01/25/18	KING ENGINEERING ASSOCIATES, I	100438		ENG SVC FR 12/01-12/31/17	ProfServ-Engineering	531013-51501	$462.00		
001	003635	01/30/18	INFRAMARK, LLC	27142		1/18 MANAGEMENT FEES	ProfServ-Mgmt Consulting Serv	531027-51201	$3,237.50		
001	003635	01/30/18	INFRAMARK, LLC	27142		1/18 MANAGEMENT FEES	Postage and Freight	541006-51301	$5.06		
001	003635	01/30/18	INFRAMARK, LLC	27142		1/18 MANAGEMENT FEES	Printing and Binding	547001-51301	$3.70		
001	003636	01/30/18	STRALEY &  ROBIN	15301		GEN CNSL THRU 1/15/18	ProfServ-Legal Services	531023-51401	$120.00		
001	003637	02/07/18	AMERICAN ECOSYSTEMS, INC	1802212		WATER MGMT TREATMENT FEB 2018	Contracts-Lakes	534084-53901	$1,383.00		
001	003638	02/19/18	FED EX	6-078-93912		JANUARY 2018 POSTAGE	Postage and Freight	541006-51301	$11.02		
001	003640	02/23/18	LIVE OAK NO. 2 CDD	013018-9534		DEPOSIT FUNDS TO MMA	Due From Other Funds	131000	$145,000.00		
001	003641	03/01/18	AMERICAN ECOSYSTEMS, INC	1803208		MAR 2018 WATER MGMT	Contracts-Lakes	534084-53901	$1,383.00		
001	003642	03/01/18	INFRAMARK, LLC	28047		MANAGEMENT FEES - FEBRUARY 18	ProfServ-Mgmt Consulting Serv	531027-51201	$3,237.50		
001	003642	03/01/18	INFRAMARK, LLC	28047		MANAGEMENT FEES - FEBRUARY 18	Postage and Freight	541006-51301	$2.35		
001	003642	03/01/18	INFRAMARK, LLC	28047		MANAGEMENT FEES - FEBRUARY 18	Printing and Binding	547001-51301	$20.80		
001	003643	03/01/18	LANDSCAPE MAINTENANCE	130741		GRNDS MAINT MAR 2018	Contracts-Landscape	534050-53901	$3,686.50		
001	003643	03/01/18	LANDSCAPE MAINTENANCE	129862		GRNDS MAINT MARCH 2018	Contracts-Landscape	534050-53901	$3,686.50		
001	003644	03/01/18	STRALEY &  ROBIN	15400		2/7/18 GEN COUNSEL	ProfServ-Legal Services	531023-51401	$60.00		
001	003645	03/09/18	DRIGGERS ENGINEERING SERVICE	EO11795		MONITOR WELLS INSTALLATION	R&M-Wetland Monitoring	546108-53901	$6,615.00		
001	003646	03/09/18	KING ENGINEERING ASSOCIATES, I	100839		GEN ENGINEERING THRU 1/31/18	ProfServ-Engineering	531013-51501	$786.25		
001	003647	03/19/18	FLORIDA NATIVES NURSERY, INC	14981		QRTLY MITIGATION MAINT	Contracts-Envirom'l Monitoring	534017-53901	$800.00		
001	003649	03/27/18	INFRAMARK, LLC	28853		MARCH 18 MANAGEMENT FEES	ProfServ-Mgmt Consulting Serv	531027-51201	$3,237.50		
001	003649	03/27/18	INFRAMARK, LLC	28853		MARCH 18 MANAGEMENT FEES	Postage and Freight	541006-51301	$0.94		
001	003650	04/06/18	AMERICAN ECOSYSTEMS, INC	1804214		APRIL 2018 WATER MGMT SVC	Contracts-Lakes	534084-53901	$1,383.00		
001	003651	04/06/18	CREATIVE MAILBOX & SIGN DESIGNS	DP28988		NEW NO TRESPASSING SIGN/POST	Misc-Contingency	549900-53901	$242.50		
001	003652	04/06/18	DRIGGERS ENGINEERING SERVICE	EO11806		MONITOR WELL & TEST BORING	R&M-Wetland Monitoring	546108-53901	$735.00		
001	003653	04/06/18	LANDSCAPE MAINTENANCE	131782		GRNDS MAINT APRIL 2018	Contracts-Landscape	534050-53901	$3,686.50		
001	003654	04/17/18	INFRAMARK, LLC	29539		4/18 MANAGEMENT FEES	ProfServ-Mgmt Consulting Serv	531027-51201	$3,237.50		
001	003654	04/17/18	INFRAMARK, LLC	29539		4/18 MANAGEMENT FEES	Postage and Freight	541006-51301	$3.76		
001	003654	04/17/18	INFRAMARK, LLC	29539		4/18 MANAGEMENT FEES	Printing and Binding	547001-51301	$1.00		
001	003655	04/17/18	KING ENGINEERING ASSOCIATES, I	101088		ENG'G SVC THRU FEB 2018	ProfServ-Engineering	531013-51501	$423.00		
001	003656	04/23/18	FED EX	5-978-16829-A		POSTAGE OCT 2017	Postage and Freight	541006-51301	$10.20		

Page 8

Agenda Page 21

							LIVE OAK NO. 2					
						Community Development District					
													
							Payment Register by Fund					
						For the Period from 01/01/2018 to 04/30/2018					
							(Sorted by Check / ACH No.)					
													
	Fund	Check /	Date	Payee	Invoice No.		Payment Description	Invoice / GL Description	G/L Account #	Amount		
	No.	ACH No.								Paid		

001	003631	01/18/18	ELIZABETH J. HUBBARD	PAYROLL		January 18, 2018 Payroll Posting			$184.70		
001	003632	01/18/18	KATHLEEN M. THATCHER	PAYROLL		January 18, 2018 Payroll Posting			$184.70		
001	003633	01/18/18	CLIFFORD R. THATCHER	PAYROLL		January 18, 2018 Payroll Posting			$183.87		
										Fund Total			
											$191,346.85		
									
	SERIES 2016 DEBT SERVICE FUND - 202									
202	003639	02/19/18	LIVE OAK 2 U.S. BANK, NA- CDD	020218-2016		TRFR ASSESSMENTS TO US BANK	Due From Other Funds	131000	$522,763.35		
202	003648	03/21/18	LIVE OAK 2 U.S. BANK, NA- CDD	031918-2016		TRFR ASSMTS TO US BANK	Due From Other Funds	131000	$23,769.79		
										Fund Total			
											$546,533.14		

										Total Checks Paid	$737,879.99		

Page 9

Agenda Page 22

3C

Agenda Page 23

GOVERNORS
STERLING
AWARD
RECIPIENT

April

20,

2018

Tracy Robin		
1510 West Cleveland Street	
Tampa,  Fl	33606	
Dear Tracy Robin,	

As per F.S. 190.006, you'llfind the

Community Development District

number of qualified registered electors as of April 15, 2018, listed below.

for

your

Community Development District

Live Oak No. 2 COD

Number of Registered Electors

1466

We ask that you respond to our office with a current list of COD office holders by

June 1, 2018, and that you update us throughout the year if there are changes. This

enable us to provide accurate information to potential candidates during filing and

qualifying periods.

will

Please note it is the responsibility of each district to keep district information. If you have any questions, please do (813) 384-3944 or ewhite@hcsoe.org.

our

not

office updated with current

hesitate to contact me at

Respectfully,

Enjoli White

Candidate Services Liaison

APR

25 2018

County Center,

601

E.

Kennedy Blvd.,

VoteHillsborough.org  •	(813) 744-5900

16th Floor, Tampa, FL 33602  •	Elections Service Center, 2514 N.

(See website for regional office locations.)

Falkenburg

Rd.,

Tampa,

FL

33619

Agenda Page 24

Fourth Order of Business

Agenda Page 25

4Ai.

Agenda Page 26

RESOLUTION 2018-01

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE LIVE OAK NO. 2 COMMUNITY DEVELOPMENT DISTRICT CONFIRMING THE DISTRICT’S USE OF THE HILLSBOROUGH COUNTY SUPERVISOR OF ELECTIONS TO CONTINUE CONDUCTING THE DISTRICT’S ELECTION OF SUPERVISORS IN CONJUNCTION WITH THE GENERAL ELECTION.

WHEREAS, the Live Oak No. 2 Community Development District (hereinafter the “District”) is a local unit of special-purpose government created and existing pursuant to Chapter 190, Florida Statutes, being situated entirely within Hillsborough County, Florida; and

WHEREAS, the Board of Supervisors of Live Oak No. 2 Community Development District (hereinafter the “Board”) seeks to implement section 190.006(3)(A)(2)(c), Florida Statutes and to instruct the Hillsborough County Supervisor of Elections (the “Supervisor”) to conduct the District’s General Elections.

WHEREAS, the Supervisor has requested the District adopt a resolution confirming the District’s use of the Supervisor for the purpose of conducting the District’s future supervisor elections in conjunction with the General Election; and

WHEREAS, the District desires to continue to use the Supervisor for the purpose of conducting the District’s supervisor elections in conjunction with the General Election.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE LIVE OAK NO. 2 COMMUNITY DEVELOPMENT DISTRICT:

Section 1. The Board is currently made up of the following individuals: Richard Thatcher, Kathleen Thatcher, Ronald Dell, David A. Steele, and Elizabeth Hubbard.

Section 2. The term of office for each member of the Board is as follows:

Richard Thatcher	Seat 1	Term:	four years	Expires: 11/2020	
Kathleen Thatcher	Seat 2	Term:	four years	Expires: 11/2020	
Ronald Dell	Seat 3	Term:	four years	Expires: 11/2018	
David A. Steele	Seat 4	Term:	four years	Expires: 11/2018	
Elizabeth Hubbard	Seat 5	Term:	four years	Expires: 11/2020	

Section 3. Seat 3, currently held by Ronald Dell and Seat 4 currently held by David Steele are scheduled for General Elections in November 2018.

Agenda Page 27

Section 4. Pursuant to section 190.006(8), Florida Statutes, members of the Board shall be entitled to receive for his or her services an amount not to exceed $200 per meeting of the Board, not to exceed $4,800 per year per member.

Section 5. The term of office for the individuals to be elected to the Board in the November 2018 General Election is four years.

Section 6. The new Board members shall assume office on the second Tuesday following their election.

Section 7. The District hereby instructs the Supervisor to continue conducting the District’s elections in conjunction with the General Election. The District understands that it will be responsible to pay for its proportionate share of the General Election cost and agrees to pay same within a reasonable time after receipt of an invoice from the Supervisor.

PASSED AND ADOPTED THIS 23RD DAY OF MAY, 2018.

ATTEST:
LIVE OAK NO. 2 COMMUNITY
DEVELOPMENT DISTRICT

______________________________ Andrew P. Mendenhall Secretary/Assistant Secretary

___________________________ Elizabeth Hubbard Chairman/Vice Chairman

Agenda Page 28

4Aii.

Agenda Page 29

LIVE OAK NO. 2

Community Development District

Annual Operating and Debt Service Budget

Fiscal Year 2019

Version 1 - Proposed Budget

Prepared by:

Agenda Page 30
LIVE OAK NO. 2

Community Development District

Table of Contents

				Page #	
OPERATING BUDGET			
General Fund		
Summary of Revenues, Expenditures and Changes in Fund Balances ……………………………..	1	
Budget Narrative ……………………………………………………………………………………………	2-4	
Exhibit A - Allocation of Fund Balances ………………………………………………………………….	5	
DEBT SERVICE BUDGET			
Series 2016		
Summary of Revenues, Expenditures and Changes in Fund Balances ……………………………..	6	
Amortization Schedule  ……………………………………………………………………………………	7	
SUPPORTING BUDGET SCHEDULES			
2018-2019 Non-Ad Valorem Assessment Summary ………………………………………………………..	8	

Agenda Page 31

Live Oak No. 2

Community Development District

Operating Budget

Fiscal Year 2019

Agenda Page 32
LIVE OAK NO. 2

Community Development District															General Fund	
Summary of Revenues, Expenditures and Changes in Fund Balances					
			Fiscal Year 2019 Proposed Budget										
								ADOPTED			ACTUAL		PROJECTED			TOTAL			ANNUAL	
			ACTUAL			ACTUAL			BUDGET			THRU			APRIL-		PROJECTED			BUDGET	
ACCOUNT DESCRIPTION			FY 2016			FY 2017			FY 2018		MAR-2018			SEP-2018			FY 2018			FY 2019	
REVENUES																						
Interest - Investments	$	1,321	$	1,761	$	-	$	1,675	$	1,675	$	3,350	$	1,000	
Interest - Tax Collector			-			-			-			105			-			105			-	
Special Assmnts- Tax Collector			256,048			256,049			256,049			247,698			8,351			256,048			253,094	
Special Assmnts- Discounts			(9,587)			(9,543)			(10,242)			(9,761)			(481)			(10,242)			(10,124)	
Other Miscellaneous Revenues			-			1,667			-			-			-			-			-	
																						
TOTAL REVENUES			247,782			249,934			245,807			239,717			9,545			249,261			243,970	
EXPENDITURES																						
Administrative																						
P/R-Board of Supervisors			4,600			3,200			8,000			1,400			6,600			8,000			6,000	
FICA Taxes			352			245			612			107			505			611			459	
ProfServ-Arbitrage Rebate			1,200			600			600			-			600			600			600	
ProfServ-Dissemination Agent			5,000			-			1,000			1,000			-			1,000			1,000	
ProfServ-Engineering			16,477			27,104			15,000			4,462			10,538			15,000			15,000	
ProfServ-Legal Services			3,525			2,969			3,000			887			2,113			3,000			3,000	
ProfServ-Mgmt Consulting Serv			38,850			38,850			38,850			19,425			19,425			38,850			40,000	
ProfServ-Special Assessment			12,500			12,500			12,500			12,500			-			12,500			12,500	
ProfServ-Trustee Fees			9,079			3,971			3,717			-			3,717			3,717			3,717	
Auditing Services			3,500			3,500			3,500			-			3,500			3,500			3,500	
Postage and Freight			95			70			1,000			48			952			1,000			500	
Insurance - General Liability			8,217			8,310			9,141			8,310			-			8,310			9,141	
Printing and Binding			171			125			500			91			250			341			300	
Legal Advertising			379			1,762			900			552			348			900			900	
Misc-Bank Charges - SunTrust			302			295			600			93			300			393			300	
Misc-Assessmnt Collection Cost			3,456			3,372			5,121			4,759			362			5,121			5,062	
Misc-Web Hosting			772			775			775			-			388			388			1,000	
Office Supplies			94			-			100			-			50			50			100	
Annual District Filing Fee			175			175			175			175			-			175			175	
Total Administrative			108,744			107,823			105,091			53,809			49,648			103,456			103,254	
Field																						
Contracts-Envirom'l Monitoring			1,950			-			3,200			2,400			800			3,200			3,200	
Contracts-Landscape			44,238			44,238			44,238			22,119			22,119			44,238			44,238	
Contracts-Lakes			16,596			16,596			16,596			8,298			8,298			16,596			16,596	
R&M-Fence			3,620			2,015			7,500			-			3,750			3,750			5,000	
R&M-Lake			1,022			7,746			5,000			13,244			2,500			15,744			7,500	
R&M-Wetland Monitoring			-			2,400			8,000			7,350			650			8,000			8,000	
Misc-Contingency			25,004			26,125			25,000			8,304			12,500			20,804			25,000	
Reserve - Ponds			-			24,432			31,182			-			-			-			31,182	
Total Field			92,430			123,552			140,716			61,715			50,617			112,332			140,716	
																						
TOTAL EXPENDITURES			201,174			231,375			245,807			115,524			100,265			215,788			243,970	
Net change in fund balance			46,608			18,559			-			124,193			(90,720)			33,474			(0)	
FUND BALANCE, BEGINNING			304,734			351,342			369,901			369,901			-			369,901			403,375	
FUND BALANCE, ENDING	$	351,342	$	369,901	$	369,901	$	494,094	$	(90,720)	$	403,375	$	403,375	

Annual Operating and Debt Service Budget	Page 1	
Fiscal Year 2019		

Agenda Page 33

Live Oak No. 2
Community Development District	General Fund

Budget Narrative

Fiscal Year 2019

REVENUES

Special Assessment – Tax Collector

The District will levy a Non-Ad Valorem assessment on all the assessable property within the District in order to pay for the operating expenditures during the Fiscal Year.

Special Assessment – Discount

Per Section 197.162, Florida Statutes, discounts are allowed for early payment of assessments. The budgeted amount for the fiscal year is calculated at 4% of the anticipated Non-Ad Valorem assessments.

EXPENDITURES

ADMINISTRATIVE

P/R Board of Supervisor

Chapter 190 of the Florida Statutes allows for a member of the Board of Supervisors to be compensated for a meeting attendance and to receive $200 per meeting plus payroll taxes.

FICA Taxes

Payroll taxes for the Supervisors’ salaries are calculated at 7.65% of gross payroll.

Professional Services-Arbitrage Rebate Calculation

The District will contract with an independent certified public account to annually calculate the District’s Arbitrage Rebate Liability on the Series of Benefit Special Assessment Bonds. The budgeted amount for the fiscal year is based on standard fees charged for this service.

Professional Services-Dissemination Agent

The District is required by the Securities and Exchange Commission to comply with rule 15c2-12(b)-(5), which relates to additional supporting requirements for unrelated bond issues. The budgeted amount for the fiscal year is based on the Series 2016 Continuing Disclosure Certificate found in the indenture.

Professional Services-Engineering

The District's engineer will be providing general engineering services to the District, i.e. attendance and preparation for monthly board meetings, review invoices, etc. Fees are based on estimated activity.

Professional Services-Legal

The District's legal counsel will be providing general legal services to the District, i.e. attendance and preparation for monthly meetings, review operating and maintenance contracts, etc. Fees are based on estimated activity.

Professional Services-Management Consulting

The District receives Management, Accounting, IT and Administrative services as part of a Management Agreement with Inframark - Infrastructure Management Services. The fees are related to the current contracted fees in the Management Agreement.

Professional Services-Special Assessments

The District has contracted with Inframark - Infrastructure Management Services for the collection of assessments, updating the District’s tax roll and levying the annual assessment.

Annual Operating and Debt Service Budget

Fiscal Year 2019
Page 2

Agenda Page 34

Live Oak No. 2
Community Development District	General Fund

Budget Narrative

Fiscal Year 2019

EXPENDITURES

ADMINISTRATIVE (CONTINUED)

Professional Services-Trustee

The District pays US Bank an annual fee for trustee services on the Series 2016 Special Assessments Refunding Bond. The budgeted amount was provided by the Trustee.

Auditing Services

The District is required annually to conduct an audit of its financial records by an Independent Certified Public Accounting Firm. The fee is based on existing year’s engagement letter.

Postage & Freight

Mailing of agenda packages, overnight deliveries & correspondence.

Insurance – General Liability

The District has general liability insurance. These insurance policies are held with Public Risk Insurance. Public Risk Insurance specializes in providing insurance coverage to governmental agencies. The amount is based upon historical expenses with a projected 10% increase.

Printing & Binding

Printing & binding agenda packages for board meetings, printing of computerized checks, stationary, envelopes etc.

Legal Advertising

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

Misc- Bank Charges

Bank Fees charged by SunTrust on the main operating account.

Misc-Assessment Collection Fee

The District reimburses the Tax Collector for necessary administrative costs. Per the Florida Statutes, administrative costs shall include, but not be limited to, those costs associated with personnel, forms, supplies, data processing, computer equipment, postage, and programming. The District also compensates the Tax Collector for the actual cost of collection or 2% on the amount of special assessments collected and remitted, whichever is greater. The budget for collection costs was based on a maximum of 2% of the anticipated assessment collections.

Misc–Web Hosting

The District will create and maintain a website for public access to the District’s activities.

Office Supplies

Miscellaneous office supplies required to prepare agenda packages.

Annual District Filing Fee

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

Annual Operating and Debt Service Budget

Fiscal Year 2019
Page 3

Agenda Page 35

Live Oak No. 2
Community Development District	General Fund

Budget Narrative

Fiscal Year 2019

EXPENDITURES

OPERATIONS & MAINTENANCE

Contracts – Envirom’l Monitoring

The District will contract with Florida Native Nursery to remove and maintain the overgrown weeds and brush in 3 flood compensation areas. The ongoing quarterly maintenance for mitigation of the area is $800 per quarter.

Contracts - Landscape

The District currently has a contract with Landscape Maintenance Professionals, Inc. to maintain the landscaping and irrigation system of the common areas within the District. The contract amount is $3,687 per month.

Contracts-Lakes

The District has a contract with American EcoSystems to provide lake spray services to 27 ponds for $1,383/mo.

R&M - Fence

The District anticipates fence repair expenses.

R&M – Lake

The District expects to incur minor lake maintenance expenditures.

R&M-Wetland Monitoring

Monitoring and reporting services for the District’s lakes will be provided by Driggers & King Engineering.

Misc-Contingency

This category represents miscellaneous expenditures incurred during the year that cannot be otherwise classified.

Reserves-Ponds

This represents reserves the district has budgeted and intends to designate as funds to set aside to cover future capital expenditures which may require substantial cash use.

Annual Operating and Debt Service Budget

Fiscal Year 2019
Page 4

LIVE OAK NO. 2			Agenda Page 36		
							
Community Development District			General Fund		
				Exhibit "A"							
			Allocation of Fund Balances					
		AVAILABLE FUNDS							
								Amount			
											
		Beginning Fund Balance - Fiscal Year 2019	$	403,375			
		Net Change in Fund Balance - Fiscal Year 2019			(0)			
		Reserves - Fiscal Year 2019 Additions			31,182			
								
	Total Funds Available (Estimated) - 9/30/2019			434,557			
		ALLOCATION OF AVAILABLE FUNDS							
		Assigned Fund Balance						(1)		
		Operating Reserve - First Quarter Operating Capital			53,197			
		Reserves - Ponds	170,751						
		Reserves - Ponds - FY18 (Projected)	31,182						
		Reserves - Ponds - FY19 (Proposed)	31,182		233,115			
											
						Subtotal	286,312			
												
		Total Allocation of Available Funds			286,312			
	Total Unassigned (undesignated) Cash						
		$	148,245			

Notes

(1) Represents approximately 3 months of operating expenditures

Annual Operating and Debt Service Budget	Page 5		
Fiscal Year 2019			

Agenda Page 37

Live Oak No. 2

Community Development District

Debt Service Budget

Fiscal Year 2019

Agenda Page 38
LIVE OAK NO. 2

Community Development District									Debt Service Series 2016 Fund		
Summary of Revenues, Expenditures and Changes in Fund Balances					
			Fiscal Year 2019 Proposed Budget											
								ADOPTED			ACTUAL		PROJECTED			TOTAL		ANNUAL		
			ACTUAL		ACTUAL			BUDGET			THRU			APRIL-		PROJECTED		BUDGET		
ACCOUNT DESCRIPTION			FY 2016			FY 2017			FY 2018			MAR-2018		SEP-2018			FY 2018			FY 2019		
REVENUES																							
Interest - Investments	$	198	$	866	$	-	$	363	$	363	$	726	$	-		
Special Assmnts- Tax Collector			30,587			600,455			600,454			580,873			19,581			600,454			600,454		
Special Assmnts- Prepayment			8,841						-			-			-			-			-		
Special Assmnts- Discounts			339			(22,379)			(24,018)			(22,891)			(1,127)			(24,018)			(24,018)		
																							
TOTAL REVENUES			39,965			578,942			576,436			558,345			18,817			577,162			576,436		
EXPENDITURES																							
Administrative																							
Misc-Assessmnt Collection Cost			(3,481)			7,907			12,009			11,160			849			12,009	$	12,009		
																							
Total Administrative			(3,481)			7,907			12,009			11,160			849			12,009			12,009		
Other Uses																							
Cost of Issuance			-			-			-			-			-			-			-		
DS Bond Discount			-			-			-			-			-			-			-		
Underwriter			-			-			-			-			-			-			-		
																							
Total Other Uses			-			-			-			-			-			-			-		
Debt Service																							
Principal Debt Retirement			25,854			310,000			315,000			-			315,000			315,000			320,000		
Prepayments Series			-			15,000			-			-			5,000			5,000			-		
Interest Expense Series			30,042			245,548			238,324			119,162			119,062			238,224			231,036		
Total Debt Service																							
			55,896			570,548			553,324			119,162			439,062			558,224			551,036		
																							
TOTAL EXPENDITURES			52,415			578,455			565,333			130,322			439,910			570,233			563,044		
Excess (deficiency) of revenues																							
Over (under) expenditures			(12,450)			487			11,103			428,023			(421,093)			6,929			13,391		
OTHER FINANCING SOURCES (USES)																							
Interfund Transfer - In			889,193			-			-			-			-			-			-		
Proceeds of Refunding Bonds			7,620,000			-			-			-			-			-			-		
Pymt to Escrow Acct-Refunding			(7,826,788)			-			-			-			-			-			-		
Balance			-			-			11,103			-			-			-			13,390		
																							
TOTAL OTHER SOURCES (USES)			682,405			-			11,103			-			-			-			13,390		
Net change in fund balance			669,955			487			11,103			428,023			(421,093)			6,929			13,390		
FUND BALANCE, BEGINNING			(227,568)			442,386			442,873			442,873			-			442,873			449,802		
FUND BALANCE, ENDING	$	442,387	$	442,873	$	453,976	$	870,896	$	(421,093)	$	449,802	$	463,193		

Annual Operating and Debt Service Budget

Fiscal Year 2019	Page 6

Agenda Page 39
LIVE OAK NO. 2

Community Development District

AMORTIZATION SCHEDULE

SPECIAL ASSESSMENT BONDS SERIES 2016A

Period	Principal	Coupon	Interest	Debt Service	Annual Debt		
Ending					Service		

							
11/1/2018			115,518	115,518			
5/1/2019	320,000	2.250%	115,518	435,518	551,036		
11/1/2019			111,918	111,918			
5/1/2020	330,000	2.250%	111,918	441,918	553,836		
11/1/2020			108,206	108,206			
5/1/2021	335,000	2.000%	108,206	443,206	551,411		
11/1/2021			104,856	104,856			
5/1/2022	345,000	2.250%	104,856	449,856	554,711		
11/1/2022			100,974	100,974			
5/1/2023	355,000	2.600%	100,974	455,974	556,949		
11/1/2023			96,359	96,359			
5/1/2024	360,000	2.750%	96,359	456,359	552,719		
11/1/2024			91,409	91,409			
5/1/2025	375,000	3.125%	91,409	466,409	557,819		
11/1/2025			85,550	85,550			
5/1/2026	385,000	3.200%	85,550	470,550	556,100		
11/1/2026			79,390	79,390			
5/1/2027	400,000	3.300%	79,390	479,390	558,780		
11/1/2027			72,790	72,790			
5/1/2028	415,000	3.700%	72,790	487,790	560,580		
11/1/2028			65,113	65,113			
5/1/2029	430,000	3.700%	65,113	495,113	560,225		
11/1/2029			57,158	57,158			
5/1/2030	445,000	3.700%	57,158	502,158	559,315		
11/1/2030			48,925	48,925			
5/1/2031	450,000	3.700%	48,925	498,925	547,850		
11/1/2031			40,600	40,600			
5/1/2032	480,000	4.000%	40,600	520,600	561,200		
11/1/2032			31,000	31,000			
5/1/2033	500,000	4.000%	31,000	531,000	562,000		
11/1/2033			21,000	21,000			
5/1/2034	515,000	4.000%	21,000	536,000	557,000		
11/1/2034			10,700	10,700			
5/1/2035	535,000	4.000%	10,700	545,700	556,400		
11/1/2035							
Totals	6,975,000		2,482,931	9,457,931	9,457,931		

Annual Operating and Debt Service Budget

Fiscal Year 2019	Page 7

Agenda Page 40

Live Oak No. 2

Community Development District

Supporting Budget Schedules

Fiscal Year 2019

LIVE OAK NO. 2

Agenda Page 41

Community Development District	All Funds

Comparison of Assessment Rates

Fiscal Year 2019 vs. Fiscal Year 2018

		General Fund 001			Debt Service			Total Assessments per Unit		Total	
		FY 2019	FY 2018	Percent		FY 2019	FY 2018	Percent		FY 2019	FY 2018	Percent		Units	
Product				Change				Change				Change			
45'		$328.69	$332.53	-1.2%		$632.86	$632.86	0.0%		$961.55	$965.39	-0.4%		191	
50'		$328.69	$332.53	-1.2%		$717.24	$717.24	0.0%		$1,045.93	$1,049.77	-0.4%		328	
60'		$328.69	$332.53	-1.2%		$843.81	$843.81	0.0%		$1,172.50	$1,176.34	-0.3%		134	
75'		$328.69	$332.53	-1.2%		$1,096.95	$1,096.95	0.0%		$1,425.64	$1,429.48	-0.3%		74	
80'		$328.69	$332.53	-1.2%		$1,181.33	$1,181.33	0.0%		$1,510.02	$1,513.86	-0.3%		43	
														770	

Annual Operating and Debt Service Budget

Fiscal Year 2019
Page 8

Agenda Page 42

RESOLUTION 2018-02

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE LIVE OAK NO. 2 COMMUNITY DEVELOPMENT DISTRICT APPROVING THE PROPOSED BUDGET FOR FISCAL YEAR 2019 AND SETTING A PUBLIC HEARING THEREON PURSUANT TO FLORIDA LAW

WHEREAS, the District Manager has heretofore prepared and submitted to the Board a proposed operating and/or debt service budget for Fiscal Year 2019; a copy of which is attached hereto, and

WHEREAS, the Board of Supervisors has considered said proposed budget and desires to set the required public hearing thereon;

NOW,	THEREFORE	BE	IT	RESOLVED	BY	THE
BOARD OF SUPERVISORS OF THE LIVE OAK NO. 2
COMMUNITY DEVELOPMENT DISTRICT;

1.	The budget proposed by the District Manager for Fiscal Year 2019 is hereby approved as the basis for conducting a public hearing to adopt said budget.

2.	A public hearing on said approved budget is hereby declared and set for the following date, hour and place:

Date:

September 18, 2018

Hour:

6:30 p.m.

Place:

Live Oak Clubhouse

9401 Oak Preserve Boulevard
Tampa, Florida

Notice of this public hearing shall be published in the manner prescribed in Florida Law.

Adopted this 23rd day of May, 2018.

Elizabeth Hubbard
Chairperson

Andrew P. Mendenhall, PMP
Assistant Secretary