RENAISSANCE COMMONS COMMUNITY DEVELOPMENT DISTRICT

PALM BEACH COUNTY REGULAR BOARD MEETING MARCH 16, 2022
1:30 P.M.

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

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

AGENDA RENAISSANCE COMMONS
COMMUNITY DEVELOPMENT DISTRICT
Compson & Associates 36 SE Third Street Boca Raton, FL. 33432
REGULAR BOARD MEETING
March 16, 2022
1:30 p.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
October 20, 2021 Regular Board Meeting…	Page 3
Old Business
Discussion on Maintenance for Current Year and Beyond
New Business
Consider Resolution No. 2022-01 – Adopting a Fiscal Year 2022/2023 Proposed Budget…	Page 5
Administrative Matters
Board Members Comments
Adjourn

The Palm Beach Post

Im 'p  ch	ail

ws I LOCAUQ

PROOF OF PUBLICATION
STATE OF FLORIDA

PUBLIC NOTICE
Before the undersigned authority, personally appeared Teal Pontarelli, who on oath, says that he/she is a Legal Advertising Representative of The Palm Beach Post, a daily and Sunday newspaper, published in West Palm Beach and distributed in Palm Beach County, Martin County, and St. Lucie County, Florida; that the attached copy of advertising for a Legal - PublicNotice
was published in said newspaper in issues dated: first date of Publication 10/07/2021 and last date of Publication 10/07/2021. Affiant further says that the said The Palm Beach Post is a newspaper published in West Palm Beach, in said Palm Beach County, Florida and that the said newspaper has heretofore been continuously published in said Palm Beach County, Florida, daily and Sunday and has been entered as second class mail matter at the post office in West Palm Beach, in said Palm Beach County, Florida, for a period of one year next preceding the first publication of the attached copy of advertisement; and affiant further says that he/she has neither paid nor promised any person, firm or corporation any discount, rebate, commission or refund for the purpose of securing this advertisement for publication in said newspaper.
RENAISSANCE COMMONS COD 2501 BURNS RD
STEA
PALM BEACH GARDENS, FL 33410-5207

Invoice/Order Number:	0000663137	
Ad Cost:	$247.68	
Paid:	$0.00	
Balance Due:	$247.68	

(Legal Advertising Agent)

Signed

Sworn or affirmed to, and subscribed before me, this 2oth day of October. 2021 in Testimony whereof, I have hereunto set my hand and affixed my official seal, the day and year aforesaid.

Signed

i	,-;\;'i/<'. - APRIL J. CONWAY

i [,f tb,"•) Commission#HH 086281
•t-: -<l/ ExpiresMay 2,2025

Please see Ad on following page(s).

.•    •.'.;{f..f• SoooedTMIT FaillllSlll".-a 7019
 		£>-

RENAISSANCE COMMONS CDD 2501 BURNS RD
STEA
PALM BEACH GARDENS, FL 33410-5207

Invoice/Order Number.
Ad Cost:

RENAISSANCE   COMMONS COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2021/2022
REGULAR MEETING SCHEDULE
NOTICE    IS    HEREBY   GIVEN that   the
Board   of   Supervisors   of    the   Renais­ sance  Commons   Community  Develop­

ft ;., ;inP- -l s cf t rf c	o
Third Street,  Boca  Raton,  Florida 33432, on the following dates:
October 20, 2021
November 17 2021
January 19, 2022
March 16, 2022
May 18, 2022
July 20, 2022
September 21, 2022

The purpose of the meetings is to con­ duct any business coming before the Board. Meetings are open to the public and vvill be  conducted  in accordance with the provisions of Florida law. Cop­

ment  District  will  hold  Regular  Meet-

ies of Agendas for any of the meetings

! si : o rb in in:; rn the

0

th

Manager at (?61) 630-492 and/or toll-­ free  at   1-877-737-4922   prior to   the date of the particular meeting.

From time to time one or more Super­ visors 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 re­ cord.

If any person decides to appeal any de­ cision made with respect to any matter considered at these meetings. such per­ son will need a record of the proceed­ ings and such person may need to in­ sure that a verbatim record of the pro­ ceedings is made at his or her own ex­ pense 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 accommoda­ tions or an interpreter to participate at any of these  meetings should  contact the District Manager at (561) 630-4922 and/or toll free 1-877-737-4922 at least seven (7) days prior to the date of the particular meeting.

Meetings  may be cancelled  from time to time without advertised notice.

RENAISSANCE    COMMONS COMMUNITY DEVELOPMENT DISTRICT
wwvv.renaissancecommonscdd.org 10-7/2021
000663137-01

ogr;! iJ

Paid: Balance Due:

0000663137
$247.68
$0.00
$247.68

RENAISSANCE COMMONS COMMUNITY DEVELOPMENT DISTRICT REGULAR BOARD MEETING
OCTOBER 20, 2021

CALL TO ORDER

District Manager Michael McElligott called the October 20, 2021, Regular Board Meeting of the Renaissance Commons Community Development District to order at 1:31 p.m. in the Conference Room of Compson & Associates, 36 SE Third Street, Boca Raton, Florida 33432.

PROOF OF PUBLICATION

Mr. McElligott presented proof of publication that notice of the Regular Board Meeting had been published in The Palm Beach Post on October 7, 2021, as legally required.

ESTABLISH A QUORUM

Mr. McElligott determined that the attendance of Chair Robert D’Angelo, Vice Chair Carl Klepper, and Supervisor Joseph Sweeney, Shana Horvath, and Caroline Sullivan constituted a quorum, and it was in order to proceed with the meeting.

Also present were District Managers Michael McElligott of Special District Services, Inc.; District Counsel Scott Cochran and Gregory George of Billing, Cochran, Lyles, Mauro & Ramsey, P.A.; and District Engineer Jeff Schnars of Schnars Engineering Corporation.

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
July 21, 2021, Public Hearing & Regular Board Meeting

Mr. McElligott presented the minutes of the July 21, 2021, Public Hearing & Regular Board Meeting. Without comment, Mr. Sweeney moved approval, seconded by Ms. Sullivan approving the minutes of the July 21, 2021, Public Hearing & Regular Board Meeting, as presented. Upon being put to a vote, the motion carried 5 to 0.

OLD BUSINESS

There was no old business.

NEW BUSINESS

Consider Resolution No. 2021-06 – Adopting a Fiscal Year 2020/2021 Amended Budget

Resolution No. 2021-06 was presented, entitled:

RESOLUTION NO. 2021-06

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE RENAISSANCE COMMONS COMMUNITY DEVELOPMENT DISTRICT AUTHORIZING AND ADOPTING AN AMENDED FINAL FISCAL YEAR 2020/2021 BUDGET (“AMENDED BUDGET”), PURSUANT TO CHAPTER 189, FLORIDA STATUTES; AND PROVIDING AN EFFECTIVE DATE.

Mr. McElligott reviewed the proposed Amended Budget with the Board members. After a brief discussion, a motion was made by Mr. Sweeney seconded by Ms. Sullivan and passed unanimously to adopt Resolution No. 2021-06, as presented.

Consider Approval of the Audit Contract Renewal – Berger, Toombs, Elam, Gaines & Frank

Mr. McElligott explained that when the Board approved the current contract for the district auditor, Berger, Toombs, Elam, Gaines & Frank it was a 3-year contract with an additional 2-year renewal option. Mr. McElligott recommended picking up the 2-year optional renewal based on the good work done by Berger, Toombs, Elam, Gaines & Frank and the low cost of the 2-year renewal.

After a brief discussion, A motion was then made by Mr. Sweeney, seconded by Mr. D’Angelo to approve the 2-year optional renewal on the Berger, Toombs, Elam, Gaines & Frank contract as presented. That motion passed unanimously

ADMINISTRATIVE MATTERS

There were no additional administrative matters.

BOARD MEMBER COMMENTS

Mr. Klepper asked if we could look into a possible refinance of the Bonds now that development is fully sold by the developer. Mr. McElligott stated that there may be a 10-year prepayment penalty that would make it prohibitive to refinance now, but that he would ask.

O.	ADJOURNMENT

There being no further business to come before the Board, Mrs. Horvath moved for adjournment at 1:38 p.m., Mr. Klepper seconded, and the motion carried 5 to 0.

Secretary	Chairperson

RESOLUTION NO. 2022-01

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

WHEREAS, the Board of Supervisors (“Board”) of the Renaissance Commons Community Development District (“District”) is required by Chapter 190.008, Florida Statutes, to approve a Proposed Budget for each fiscal year; and,

WHEREAS, the Proposed Budget including the Assessments for Fiscal Year 2022/2023 has been prepared and considered by the Board.

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

Section 1. The Proposed Budget including the Assessments for Fiscal Year 2022/2023 attached hereto as Exhibit “A” is approved and adopted.

Section 2. A Public Hearing is hereby scheduled for May 18, 2022 at 1:30 p.m. in the Compson & Associates, 36 SE Third Street, Boca Raton, FL 33432, for the purpose of receiving public comments on the Proposed Fiscal Year 2022/2023 Budget.

PASSED, ADOPTED and EFFECTIVE this 16th day of March, 2022.

ATTEST:	RENAISSANCE COMMONS
COMMUNITY DEVELOPMENT DISTRICT

By:			By:		 Secretary/Assistant Secretary			Chairman/Vice Chairman

Renaissance Commons Community Development District

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

CONTENTS

PROPOSED BUDGET

DETAILED PROPOSED BUDGET

DETAILED PROPOSED DEBT SERVICE FUND BUDGET IV	ASSESSMENT COMPARISON

PROPOSED BUDGET
RENAISSANCE COMMONS COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2022/2023
OCTOBER 1, 2022 SEPTEMBER 30, 2023

REVENUES	
FISCAL YEAR 2022/2023
BUDGET	
O&M A  e   e t 	 30 0 	
 ebt A  e   e t 	  3 30 	
Other Reve ue 	0	
  tere t       e	2 0	
		
TOTAL REVENUES	 	704,4 1	
		
E PENDITURES		
Superv r Fee 	3 000	
P r   T e     p   er	2 0	
     eer  /  pe t    	   00	
M   e e t	32  0	
Se ret r   	  200	
 e   	   00	
A  e   e t R   	   00	
Aud t Fee 	3 2 	
Arb tr e Reb te Fee	  0	
   ur   e	  0  	
 e    Advert e e t 	  300	
M  e   e u 	 00	
P t e	32 	
Off e Supp e 	  0	
 ue  & Sub  r pt    	   	
Tru tee Fee	  300	
Web te M    e e t	2 000	
M   te    e Re erve	 0 000	
		
TOTAL E PENDITURES	 	123,290	
		
REVENUES LESS E PENDITURES	 	  1,1 1	
		
B d P   e t 	  3  0  	
		
BALANCE	 	42,2 2	
		
  u t Appr  er & T      e t r Fee	    0   	
     u t F r  r  P   e t 	 2      	
		
E CESS/ S ORTFALL 	 	 	
		
  rr  ver Fr   Pr r Ye r	0	
		
NET E CESS/  S ORTFALL 	 	 	

N te: 2023 Pr   p  &  tere t P   e t    u d Be   wer Th   Bud et ue T B  d Prep   e t 

DETAILED PROPOSED BUDGET
RENAISSANCE COMMONS 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 A  e   e t 	      	 30 0  	 30 0 	  pe d ture  e    tere t &   rr  ver B     e/.  	
 ebt A  e   e t 	 00 3  	    003	  3 30 	B d P   e t/.  	
Other Reve ue 	0	0	0		
  tere t       e	3  	2 0	2 0	Pr e ted At $20 Per M th	
					
TOTAL REVENUES	 	  2,734	 	70 ,311	 	704,4 1		
					
E PENDITURES					
Superv r Fee 	   00	3 000	3 000	N   h   e Fr   202 /2022 Bud et	
P r   T e     p   er	 3 	2 0	2 0	Pr e ted At     Of Superv  r Fee 	
     eer  /  pe t    	  0 2	   00	   00	N   h   e Fr   202 /2022 Bud et	
M   e e t	3 0 2	3   2 	32  0	 P  Ad u t e t    pped At 3  	
Se ret r   	  200	  200	  200	N   h   e Fr   202 /2022 Bud et	
 e   	   20	   00	   00	N   h   e Fr   202 /2022 Bud et	
A  e   e t R   	   00	   00	   00	N   h   e Fr   202 /2022 Bud et	
Aud t Fee 	3 00	3  0	3 2 	A epted A  u t F r 202 /2022 Aud t	
Arb tr e Reb te Fee	  0	  0	  0	N   h   e Fr   202 /2022 Bud et	
   ur   e	    3	  0  	  0  	   ur  e  t   te	
 e    Advert e e t 	   2 	  300	  300	N   h   e Fr   202 /2022 Bud et	
M  e   e u 	   	 00	 00	N   h   e Fr   202 /2022 Bud et	
P t e	 23	32 	32 	N   h   e Fr   202 /2022 Bud et	
Off e Supp e 	   	   	  0	$2   e re  e Fr   202 /2022 Bud et	
 ue  & Sub  r pt    	   	   	   	N   h   e Fr   202 /2022 Bud et	
Tru tee Fee	     	   00	  300	$200 e re  e Fr  202 /2022 Bud et	
Web te M    e e t	2 000	2 000	2 000	N   h   e Fr   202 /2022 Bud et	
M   te    e Re erve	3 323	 0 000	 0 000	M   te    e Re erve	
					
TOTAL E PENDITURES	 	111,9 1	 	122, 04	 	123,290		
					
REVENUES LESS E PENDITURES	 	770,7 3	 	  3, 07	 	  1,1 1		
					
B d P   e t 	   3 3   	       2 	  3  0  	2023 Pr    p  &  tere t P   e t   e     r ed  tere t	
					
BALANCE	 	7,39 	 	42,3  	 	42,2 2		
					
  u t Appr  er & T      e t r Fee	       	     22 	    0   	Tw Per e t Of T t  A  e   e t R   	
     u t F r  r  P   e t 	 32 0  	 2  2 3 	 2      	F ur Per e t Of T t  A  e   e t R   	
					
E CESS/ S ORTFALL 	 	 30, 79 	 	 	 	 		
					
  rr  ver Fr   Pr r Ye r	0	0	0	  rr  ver Fr   Pr r Ye r	
					
NET E CESS/  S ORTFALL 	 	 30, 79 	 	 	 	 		

N te: 2023 Pr   p  &  tere t P   e t    u d Be   wer Th   Bud et ue T B  d Prep   e t 

DETAILED PROPOSED DEBT SERVICE BUDGET
RENAISSANCE COMMONS COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2022/2023
OCTOBER 1, 2022 SEPTEMBER 30, 2023

REVENUES	

FISCAL YEAR

2020/2021

ANNUAL	

FISCAL YEAR

2021/2022

BUDGET	

FISCAL YEAR

2022/2023

BUDGET	

COMMENTS	

  tere t        e	

2 	

2 	

Pr e ted tere t F r 2022/2023	

NA T      e t   	

  3 3  	

      2	

 3  0 	

Ye r  M    u  ebt A  e   e t	

Prep d B  d     e t   	

2 3    0	

0	

0		

Total Revenues	

3,1 0,323	

 41,4 7	

 3 ,934		

E PENDITURES					

Pr   p  P   e t   A  	

    000	

33 000	

3  000	

Pr   p  P   e t ue   2023	

  tere t P   e t   A  	

302 0 	

      3	

  0 0  	

  tere t P   e t   ue   2023	

B d Rede pt   	

   000	

   0 	

    0	

  t  ted   e   ebt    e t    	

Total Expenditures	

9 3,70 	

 41,4 7	

 3 ,934		

Excess/ Shortfall 	

2,19 , 1 	

 	

 		

N te: 2023 Pr    p  &  tere t P   e t    u d Be  wer Th   Bud et ue T B  d Prep   e t 

Series 2017A 1 Bond Refunding Information	
Or       P r A  u t =	$ 2    000	A  u   Pr    p  P   e t  ue =	M     t	
  tere t R te =
   ue    te = M tur t    te =	3.2  
M r h 20 M 203 	A  u    tere t P   e t   ue =	M     t & N ve ber t	
P r A  u t A Of / /22 =	$ 3 3 000			

Series 2017A 2 Bond Refunding Information	
Or       P r A  u t =	$2     000	A  u   Pr    p  P   e t  ue =	M    t	
  tere t R te =
   ue    te = M tur t    te =	 .2  
M r h 20 M 203 	A  u    tere t P   e t   ue =	M     t & N ve ber t	
P r A  u t A Of / /22 =	$0	Ser e 20  A 2 B  d P  d Off    N ve ber 20  		

Renaissance Commons Community Development District Assessment Comparison

	F      Ye r	F      Ye r	F      Ye r	F      Ye r	Fiscal Year	
	20 /20  	20 /2020	2020/202 	202 /2022	2022/2023	
  t	Pr e ted A  e   e t	A e  e t	A e  e t	A e  e t	Pro ected Assessment	
T pe	Bef re       u t 	Bef re       u t 	Bef re       u t 	Bef re       u t 	 		Before Discount 		

T w h  e	
O & M	
$	.0 	
$	.  	
$	.  	
$	.30	

	 ebt	$	2.2 	$	.20	$	0 .  	$	3. 2	 	791 77	
	Sub T t  F r T w h  e 	 	907 3 	 	 73 1	 	  7 4 	 	  2 12	 	  0 3	

3 Bedr   	
O & M	
$	
  .  	
$	
  .2 	
$	
  .2 	
$	
  .23	
 	
7 73	
   d 	 ebt	$	. 3	$	2 . 3	$	0. 3	$	03. 2	 	701 0	
	Sub T t  F r 3 Bedr        d  	 	 03 94	 	774 20	 	7 9 0	 	7 1   	 	7 0 33	

2 Bedr   	
O & M	
$	
  . 2	
$	
 2.2 	
$	
 2.2 	
$	
  .02	
 	
 7 4 	
   d 	 ebt	$	.  	$	2 .02	$	0 .  	$	02. 0	 	 00 94	
	Sub T t  F r 2 Bedr        d  	 	    71	 	  3 23	 	  0 0	 	  9 2	 	    39	

  Bedr   	
O & M	
$	
3 .3 	
$	
3 . 0	
$	
3 . 0	
$	
  .  	
 	
 1   	
   d 	 ebt	$	3.20	$	.  	$	.0 	$	2. 0	 	  1 07	
	Sub T t  F r  Bedr        d  	 	 31   	 	 0 1 	 	 9 7 	 	 13 9 	 	 12 92	

    er    	
O & M	
$	
3 3 2.  	
$	
3 3 .0 	
$	
3 3 .0 	
$	
  3  . 2	
 	
 ,423 37	
 ebt	$	2 0  .  	$	3 .20	$	3 . 2	$	.  	 	4 ,319   	
	Sub T t  F r      er    	 	  ,3 1 3	 	 3,332 24	 	 2,32    	 	 3, 33 90	 	 3,742 9 	

Ret   	
O & M	
$	
3   .  	
$	
3   3.  	
$	
3   3.  	
$	
     .  	
 	
 , 2 37	

 ebt

 	     	 	  

Sub T t F r Ret   

3,4 1 1 

3,493   

3,493   

 , 4 71

 , 2 37

  A  e    e t      ude the F   w    :			
        u t f r  r  P   e t 		
     u t  T      e t r Fee		
     u t Pr pert Appr er Fee		

    u  t   f r  t   :		

N te:      B  d Prep   e t A Of M r h 2022:		
  Bedr       d  230 2 Bedr       d    22  3 Bedr        d        		
Re de t       t 	       A  e  ed F r  ebt 	
T w h  e	3 0	3 0	
3 Bedr        d	203	  	
2 Bedr        d	0 	2  	
  Bedr         d	3  	 	 2 	
T t  Re de t       t 	     	   	
    er    /Ret   Squ re F  t  e		
    er	3  	    3  	
Ret	0  2 	0	
T t      er  /Ret Squ re F  t  e	3     2	    3