RENAISSANCE COMMONS COMMUNITY DEVELOPMENT DISTRICT

PALM BEACH COUNTY REGULAR BOARD MEETING MARCH 19, 2025
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
1075 Broken Sound Parkway NW, Suite 103 Boca Raton, FL 33487
REGULAR BOARD MEETING
March 19, 2025
1:30 p.m.

Call to Order
Proof of Publication…	Page 1
Establish Quorum
Consider Board Vacancies and Appointments
Administer Oath of Office & Review Board Member Responsibilities
Election of Officers
Additions or Deletions to Agenda
Comments from the Public for Items Not on the Agenda
Approval of Minutes
October 16, 2024 Regular Board Meeting Minutes…	Page 2
Old Business
Update on Investment of Operating Reserve Funds
New Business
Consider Resolution No. 2025-01 – Adopting a Fiscal Year 2025/2026 Proposed Budget…	Page 5
Consider Resolution No. 2025-02 – Registered Agent Change…	Page 12
Discussion Regarding HOA Repairs and Additions Request
Administrative Matters
Board Members Comments
Adjourn

LOCALiQ
The Gainesville Sun I The Ledger Daily Commercial I Ocala StarBanner News Chief I Herald-Tribune
News Herald I The Palm Beach Post Northwest Florida Daily News

PO Box 631244 Cincinnati, OH 45263-1244

RENAISSANCE COMMONS

AFFIDAVIT OF PUBLICATION
RenaissanceCommons Cdd Renaissance Commons Cdd 2501 BURNS RD
STEA

PALM BEACH GARDENS FL 334105207

STATE OF WISCONSIN, COUNTY OF BROWN

Before the undersigned authority personally appeared, who on oath says that he or she is the Legal Coordinator of the Palm Beach Post, published in Palm Beach County, Florida; that the attached copy of advertisement, being a Govt Public Notices, was published on the publicly accessible website of Palm Beach County, Florida, or in a newspaper by print in the issues of, on:

11/11/2024

Affiant further says that the website or newspaper complies with all legal requirements for publication in chapter 50, Florida Statutes.

My commission expires

Subscribed and sworn to before me, by the legal clerk, who is p,,,_._.,_,_, known o me, on 11/11/2024

Publication Cost:	$218.30	
Tax Amount:	$0.00	
Payment Cost:	$218.30	
Order No:	10746388	
Customer No:	730494	
PO#:	24/25 fiscal meeting	

# of Copies:
1

THIS IS NOT AN INVOICE!
Please do no/ use this form for paymen/ remillance

COMMUNITY DEVELOPMENT DISTRICT
REVISED FISCAL YEAR 2024/2025 REGULAR MEETING SCHEDULE NOTICE IS HEREBY GIVEN that
the Board of Supervisors of the Renaissance Commons Community Development District will hold Regular Meetings at l :30 p.m. in Suite 103 at 1075 NW Broken Sound Parkway, Boca Raton, Florida 33487, on the following dates:
November 20, 2024
January 15, 2025
March 19, 2025
May 21, 2025
July 16, 2025
September 17, 2025
The purpose of the meetings is to conduct any business coming before the Board. Meetings are open to the public and will be conducted in accordance with the provisions of Florida law. Copies of Agendas for any of the meetings may be obtained from the District's website or by contacting the District Manager at (561) 630-4922 and/or toll-free at l-877-737-4922 Prior to the date of the particular meeting.
From time to time one or more Supervisors may participate by tele­ phone; therefore a speaker tele­ phone wi II 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 record.
If any person decides to appeal any
decision made with respect to any matter considered at these meet­ in11s, such person will need a record of the proceedings and such person may need to ensure that a verbatim record of the proceedings is made at his or her own expense 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 accom­ modations or an Interpreter to participate at any of these meetings
should contact the District Manager at (561J 630-4922 and/or toll free l- 877-737-4922 at least seven (7) days prior to the date of the particular
meeting.
Meetings may be cancelled from lime to time without advertised notice.
RENAISSANCE	COMMONS COMMUNITY DEVELOPMENT DISTRICT
www.renaissaocecommooscdd oca
No.10746388	Nov. 11, 2024

RYAN SPELLER
Notary Public
State of Wisconsin

Page 1 of 1

RENAISSANCE COMMONS COMMUNITY DEVELOPMENT DISTRICT REGULAR BOARD MEETING
OCTOBER 16, 2024

CALL TO ORDER

District Manager Michael McElligott called the October 16, 2024, Regular Board Meeting of the Renaissance Commons Community Development District to order at 1:34 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 September 30, 2024, as legally required.

ESTABLISH A QUORUM

Mr. McElligott determined that the attendance of Chair Robert D’Angelo, and Supervisors Joseph Sweeney, Olivia Thayer, and Shana Horvath 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., and District Counsel Scott Cochran from Billing, Cochran, Lyles, Mauro & Ramsey, P.A.

ADDITIONS OR DELETIONS TO THE AGENDA

There were no additions or deletions.

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
May 15, 2024, Public Hearing & Regular Board Meeting
Mr. McElligott presented the minutes of the May 15, 2024, Public Hearing & Regular Board Meeting. Without comment, Mr. Sweeney moved approval, seconded by Mr. D’Angelo, approving the minutes of the May 15, 2024, Public Hearing & Regular Board Meeting, as presented. Upon being put to a vote, the motion carried 4 to 0.

OLD BUSINESS

There was no Old Business.

NEW BUSINESS

Consider Resolution No. 2024-04 – Adopting a Fiscal Year 2023/2024 Amended Budget

Resolution No. 2024-04 was presented, entitled:

RESOLUTION NO. 2024-04

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE RENAISSANCE COMMONS COMMUNITY DEVELOPMENT DISTRICT AUTHORIZING AND ADOPTING AN AMENDED FINAL FISCAL YEAR 2023/2024 BUDGET (“AMENDED BUDGET”), PURSUANT TO CHAPTER 189, FLORIDA STATUTES; AND PROVIDING AN EFFECTIVE DATE.

Mr. McElligott reviewed the Amended Budget with the Board members. After a brief discussion, a motion was made by Mrs. Horvath, seconded by Mr. D’Angelo, and passed unanimously to adopt Resolution No. 2024-04, as presented.

Consider Resolution No. 2024-05 – Adopting Goals and Objectives

Mr. McElligott presented Resolution No. 2024-05, entitled:
RESOLUTION NO. 2024-05
A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE RENAISSANCE COMMONS COMMUNITY DEVELOPMENT DISTRICT ADOPTING GOALS, OBJECTIVES, AND PERFORMANCE MEASURES AND STANDARDS; PROVIDING A SERVABILITY CLAUSE; AND PROVIDING AN EFFECTIVE DATE.

Mr. McElligott and Mr. Cochran explained that due to a new statutory requirement, the Board needs to adopt Goals & Objectives that they will post to their website and then next year they will revisit and evaluate how they did against those Goals & Objectives. Mr. McElligott presented the exhibit to the resolution which lists out proposed Goal & Objectives, and how the Board will measure them next year.
After a brief discussion among the Board, there was a motion by Mr. Sweeney, seconded by Mr. D’Angelo, to approve resolution No. 2024-05 – Adopting Goals & Objectives as presented. The motion carried 4-0.

Memo 2023 Legislative Update

Mr. Cochran pointed the Board to the memo in the meeting materials. He went over any items that might affect districts like this CDD. There was a brief discussion, but there was no action required.

.
ADMINISTRATIVE MATTERS

There was discussion regarding moving the meeting to the new location at 1075 New Broken Sound Parkway, which is now ready. There was Board consensus to have staff update the previously approved annual meeting schedule advertisement and readvertise.

Also, Mr. McElligott explained that he had been contacted by the HOA about doing some sidewalk, curb, or roadway repairs on both HOA and CDD property, which the CDD may need to pay for its share of. Mr. Cochran stated that any repairs on CDD property should be reviewed by the district engineer. There was a motion by Mr. Sweeney, with a second by Mr. D’Angelo to allow staff to work with the HOA on sidewalk, curb, and roadway repairs and for the District to pay for its share, subject to any necessary reviews by the District Engineer or District Attorney. The motion passed 4-0.

BOARD MEMBER COMMENTS

Mr. D’Angelo asked about the possibility of moving the operating reserve funds into Treasury notes, or something else to make more interest. There was a motion by Mr. Sweeney, with as second by Mr. D’Angelo, to authorize staff to move the operating reserve funds into Treasury notes, if possible. The motion passed 4-0.

ADJOURNMENT

There being no further business to come before the Board, Mr. D’Angelo moved for adjournment at 1:56 p.m., Mrs. Horvath seconded, and the motion carried 4 to 0.

Secretary	Chairperson

RESOLUTION NO. 2025-01

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE RENAISSANCE COMMONS COMMUNITY DEVELOPMENT DISTRICT APPROVING A PROPOSED BUDGET FOR FISCAL YEAR 2025/2026; 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 2025/2026 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 2025/2026 attached hereto as Exhibit “A” is approved and adopted.

Section 2.  A Public Hearing is hereby scheduled for May 21, 2025 at 1:30 p.m. in the Compson & Associates, 1075 Broken Sound Parkway NW, Suite 103, Boca Raton, FL 33487, for the purpose of receiving public comments on the Proposed Fiscal Year 2025/2026 Budget.

PASSED, ADOPTED and EFFECTIVE this 19th day of March, 2025.

ATTEST:	RENAISSANCE COMMONS
COMMUNITY DEVELOPMENT DISTRICT

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

Renaissance Commons Community Development District

Proposed Budget For Fiscal Year 2025/2026
October 1, 2025 - September 30, 2026

CONTENTS

PROPOSED BUDGET

DETAILED PROPOSED BUDGET

DETAILED PROPOSED DEBT SERVICE FUND BUDGET

ASSESSMENT COMPARISON

PROPOSED BUDGET
RENAISSANCE COMMONS COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	
FISCAL YEAR 2025/2026 BUDGET	
O&M Assessments	197,462	
Debt Assessments	562,368	
Other Revenues	0	
Interest Income	1,200	
		
TOTAL REVENUES	$	761,030	
		
EXPENDITURES		
Supervisor Fees	3,000	
Payroll Taxes - Employer	240	
Engineering/Inspections	7,000	
Management	35,424	
Secretarial	4,200	
Legal	9,500	
Assessment Roll	5,500	
Audit Fees	3,600	
Arbitrage Rebate Fee	650	
Insurance	7,300	
Legal Advertisements	1,200	
Miscellaneous	800	
Postage	725	
Office Supplies	400	
Dues & Subscriptions	175	
Trustee Fee	5,100	
Website Management	2,000	
Maintenance Reserve	100,000	
		
TOTAL EXPENDITURES	$	186,814	
		
REVENUES LESS EXPENDITURES	$	574,216	
		
Bond Payments	(528,626)	
		
BALANCE	$	45,590	
		
County Appraiser & Tax Collector Fee	(15,197)	
Discounts For Early Payments	(30,393)	
		
EXCESS/ (SHORTFALL)	$	-	
		
Carryover From Prior Year	0	
		
NET EXCESS/ (SHORTFALL)	$	-	

DETAILED PROPOSED BUDGET
RENAISSANCE COMMONS COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	
FISCAL YEAR 2023/2024
ACTUAL	
FISCAL YEAR 2024/2025
BUDGET	
FISCAL YEAR 2025/2026
BUDGET	

COMMENTS	
O&M Assessments	131,602	197,487	197,462	Expenditures Less Interest & Carryover Balance/.94	
Debt Assessments	568,364	562,368	562,368	Bond Payment/.94	
Other Revenues	0	0	0		
Interest Income	9,616	480	1,200	Projected At $100 Per Month	
					
TOTAL REVENUES	$	709,582	$	760,335	$	761,030		
					
EXPENDITURES					
Supervisor Fees	1,800	3,000	3,000	No Change From 2024/2025 Budget	
Payroll Taxes - Employer	138	240	240	Projected At 8% Of Supervisor Fees	
Engineering/Inspections	1,320	7,500	7,000	$500 Decrease From 2024/2025 Budget	
Management	33,432	34,428	35,424	CPI Adjustment	
Secretarial	4,200	4,200	4,200	No Change From 2024/2025 Budget	
Legal	7,497	9,500	9,500	No Change From 2024/2025 Budget	
Assessment Roll	5,500	5,500	5,500	No Change From 2024/2025 Budget	
Audit Fees	3,400	3,500	3,600	Accepted Amount For 2024/2025 Audit	
Arbitrage Rebate Fee	650	650	650	No Change From 2024/2025 Budget	
Insurance	6,594	7,200	7,300	Fiscal Year 2024/2025 Expenditure Was $6,858	
Legal Advertisements	837	1,200	1,200	No Change From 2024/2025 Budget	
Miscellaneous	852	800	800	No Change From 2024/2025 Budget	
Postage	705	725	725	No Change From 2024/2025 Budget	
Office Supplies	518	400	400	No Change From 2024/2025 Budget	
Dues & Subscriptions	175	175	175	No Change From 2024/2025 Budget	
Trustee Fee	4,784	5,100	5,100	No Change From 2024/2025 Budget	
Website Management	2,000	2,000	2,000	No Change From 2024/2025 Budget	
Maintenance Reserve	0	100,000	100,000	Maintenance Reserve	
					
TOTAL EXPENDITURES	$	74,402	$	186,118	$	186,814		
					
REVENUES LESS EXPENDITURES	$	635,180	$	574,217	$	574,216		
					
Bond Payments	(542,739)	(528,626)	(528,626)	2025 Principal & Interest Payments	
					
BALANCE	$	92,441	$	45,591	$	45,590		
					
County Appraiser & Tax Collector Fee	(3,779)	(15,197)	(15,197)	Two Percent Of Total Assessment Roll	
Discounts For Early Payments	(25,173)	(30,394)	(30,393)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	$	63,489	$	-	$	-		
					
Carryover From Prior Year	0	0	0	Carryover From Prior Year	
					
NET EXCESS/ (SHORTFALL)	$	63,489	$	-	$	-		

DETAILED PROPOSED DEBT SERVICE BUDGET
RENAISSANCE COMMONS COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	

FISCAL YEAR

2023/2024

ANNUAL	

FISCAL YEAR

2024/2025

BUDGET	

FISCAL YEAR

2025/2026

BUDGET	

COMMENTS	

Interest Income	

89,544	

500	

1,500	

Projected Interest For 2025/2026	

NAV Tax Collection	

542,739	

528,626	

528,626	

Yearly Maximum Debt Assessment	

Prepaid Bond Collection	

0	

0	

0		

Total Revenues	

$	632,283	

$	529,126	

$	530,126		

EXPENDITURES					

Principal Payments - A-1	

347,000	

354,000	

372,000	

Principal Payment Due In 2025	

Interest Payments - A-1	

180,765	

162,110	

150,313	

Interest Payments Due In 2025	

Bond Redemption	

100,000	

13,016	

7,813	

Estimated Excess Debt Collections	

Total Expenditures	

$	627,765	

$	529,126	

$	530,126		

Excess/ (Shortfall)	

$	4,518	

$	-	

$	-		

Series 2017A-1 Bond Refunding Information	
Original Par Amount =	$12,499,000	Annual Principal Payments Due =	May 1st	
Interest Rate = Issue Date = Maturity Date =	3.25%
March 2017
May 2036	Annual Interest Payments Due =	May 1st & November 1st	
Par Amount As Of 1/1/25 =	$5,165,000			

Series 2017A-2 Bond Refunding Information	
Original Par Amount =	$2,978,000	Annual Principal Payments Due =	May 1st	
Interest Rate = Issue Date = Maturity Date =	5.25%
March 2017
May 2036	Annual Interest Payments Due =	May 1st & November 1st	
Par Amount As Of 1/1/25 =	$0	Series 2017A-2 Bond Paid Off In November 2018		

Renaissance Commons Community Development District Assessment Comparison

Lot Type			Fiscal Year 2021/2022
Assessment Before Discount*			Fiscal Year 2022/2023
Assessment Before Discount*			Fiscal Year 2023/2024
Assessment Before Discount*			Fiscal Year 2024/2025
Assessment Before Discount*	Fiscal Year 2025/2026
ProMected Assessment
	Before Discount		
Townhome	O & M	$	88.30		$	88.86		$	88.85		$	134.06	$	134.04	
	Debt	$	793.82		$	791.77		$	791.77		$	783.84	$	783.84	
	Sub-Total For Townhomes	$	882.12		$	880.63		$	880.62		$	917.90	
$	917.88	
3 Bedroom	O & M	$	78.23		$	78.73		$	78.72		$	118.78	$	118.76	
Condo	Debt	$	703.42		$	701.60		$	701.60		$	694.58	$	694.58	
	Sub-Total For 3 Bedroom Condos	$	781.65		$	780.33		$	780.32		$	813.36	
$	813.34	
2 Bedroom	O & M	$	67.02		$	67.45		$	67.44		$	101.75	$	101.73	
Condo	Debt	$	602.50		$	600.94		$	600.94		$	594.93	$	594.93	
	Sub-Total For 2 Bedroom Condos	$	669.52		$	668.39		$	668.38		$	696.68	
$	696.66	
1 Bedroom	O & M	$	61.45		$	61.85		$	61.84		$	93.31	$	93.29	
Condo	Debt	$	552.50		$	551.07		$	551.07		$	545.56	$	545.56	
	Sub-Total For 1 Bedroom Condos	$	613.95		$	612.92		$	612.91		$	638.87	
$	638.85	
Commercial	O & M	$	5,388.72		$	5,423.37		$	5,423.37		$	8,181.89	$	8,180.84	
	Debt	$	48,445.18		$	48,319.58		$	48,319.58		$	47,836.38	$	47,836.38	
	Sub-Total For Commercial	$	53,833.90		$	53,742.95		$	53,742.95		$	56,018.27	
$	56,017.22	
Retail	O & M	$	5,546.71		$	5,582.37		$	5,581.55		$	8,421.77	$	8,420.69	
	Debt	$	-		$	-		$	-		$	-	$	-	
	Sub-Total For Retail	$	5,546.71		$	5,582.37		$	5,581.55		$	8,421.77	
$	8,420.69	

* Assessments Include the Following :	 4% Discount for Early Payments
1% County Tax Collector Fee
1% County Property Appraiser Fee		
Community Information:		
Note: 908 Bond Prepayments As Of March 2024:		
1 Bedroom Condos (233), 2 Bedroom Condos (530), 3 Bedroom Condos (145)		
Residential Units	Assessed For Debt	
Townhomes	310	
310	
3 Bedroom Condos	203	58	
2 Bedroom Condos	805	275	
1 Bedroom Condos	357	124	
Total Residential Units	1,675	
767	
Commercial/Retail Square Footage		
Commercial	175,385	175,385	
Retail	180,527	0	
Total Commercial/Retail Square Footage	355,912	175,385	

RESOLUTION 2025-02

A RESOLUTION OF THE RENAISSANCE COMMONS COMMUNITY	DEVELOPMENT	DISTRICT DESIGNATING MICHAEL J. PAWELCZYK AS THE DISTRICT’S REGISTERED AGENT AND DESIGNATING THE OFFICE OF BILLING, COCHRAN, LYLES, MAURO & RAMSEY, P.A. AS THE REGISTERED OFFICE

WHEREAS, Section 189.014, Florida Statutes requires that the Renaissance Commons Community Development District (the “District”) designate a registered office and a registered agent, and further authorizes the District to change its registered office and registered agent, at the discretion of the District Board of Supervisors (the “Board”); and

WHEREAS, the designation of both a registered office and a registered agent is for the purpose of accepting service of process, notice, or demand that is required or permitted by law to be served upon the District; and

WHEREAS, the Board has been informed by the office of District Counsel that there is a need to designate a new registered agent for the District; and

WHEREAS, the Board seeks designate Michael J. Pawelczyk as the registered agent for the District, and update the business address of the registered office of the District, as necessary.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE RENAISSANCE COMMONS COMMUNITY DEVELOPMENT DISTRICT, THAT:
Section 1.	The foregoing recitals are hereby incorporated as findings of fact of the Board.

Section 2.  Michael J. Pawelczyk is hereby designated as the registered agent for the District, thereby replacing any previously designated registered agent.
Section 3.  The registered office of the District is hereby designated as the office at Billing, Cochran, Lyles, Mauro & Ramsey, P.A., 515 East Las Olas Boulevard, Suite 600, Fort Lauderdale, Florida 33301. The registered office is identical to the business address of the registered agent designated in Section 2 of this Resolution.
Section 4. Pursuant to the requirements of Section 189.014(2), Florida Statutes, the District’s Secretary shall transmit copies of this Resolution to the local governing authority or authorities and to the Florida Department of Economic Opportunity.

Section 5.  All resolutions or parts of resolutions in conflict herewith are repealed to the extent of such conflict.

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Section 6.   If any clause, section or other part or application of this Resolution is held by a court of competent jurisdiction to be unconstitutional, illegal or invalid, in part or as applied, it shall not affect the validity of the remaining portions or applications of this Resolution.

Section 7.	This Resolution shall be effective immediately upon adoption.

PASSED AND ADOPTED THIS 19th DAY OF March, 2025.

ATTEST:

RENAISSANCE COMMONS
COMMUNITY DEVELOPMENT DISTRICT

	

Print name: 		Print name: 	 Secretary/Assistant Secretary		Chair/Vice-Chair, Board of Supervisors

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