KEYS EDGE COMMUNITY DEVELOPMENT
DISTRICT

MIAMI-DADE COUNTY REGULAR BOARD MEETING APRIL 23, 2025
3:00 P.M.

Special District Services, Inc. 8785 SW 165th Avenue, Suite 200
Miami, FL 33193

www.keysedgecdd.org 786.347.2700 ext. 2027 Telephone 877.SDS.4922 Toll Free 561.630.4923 Facsimile

AGENDA
KEYS EDGE COMMUNITY DEVELOPMENT DISTRICT
Conference Room 1200 NW 4th Street
Homestead, Florida 33030
REGULAR BOARD MEETING
April 23, 2025
3:00 p.m.

Call to Order
Proof of Publication	Page 1
Establish Quorum
Consider Resignation (Miriam Lopez, Seat 5, Eff. 2/14/25)
Consider Appointment to Vacant Seat
Administer Oath of Office and Review New Board Member Responsibilities and Duties
Election of Officers
Additions or Deletions to Agenda
Comments from the Public for Items Not on the Agenda
Approval of Minutes
October 23, 2024 Regular Board Meeting	Page 2
Old Business
Staff Report, as Required
New Business
Consider Resolution No. 2025-01 – Adopting a Fiscal Year 2025/2024 Proposed Budget	Page 4
Consider Resolution No. 2025-02 – Registered Agent Change	Page 11
Administrative & Operational Matters
Discussion Regarding Qualified Elector (Registered Voter) Certification
Reminder: 2025 Form 1 – Statement of Financial Interests (Due by July 1, 2025)
Board Member & Staff Closing Comments
Adjourn

AFFIDAVIT OF PUBLICATION

Account #	Order Number	Identification	Order PO	Amount	Cols	Depth	
141487	599468	Print Legal Ad-IPL01978640 - IPL0197864		$778.84	2	52 L	

Attention:

Laura J. Archer

PUBLISHED DAILY

Keys Edge Community Development District c/o Special District Services, Inc.
2501A Burns Road
Palm Beach Gardens, Florida 33410 c/o Special District Services, Inc.

MIAMI-DADE-FLORIDA
STATE OF FLORIDA COUNTY OF MIAMI-DADE
Before the undersigned authority personally appeared: Mary Castro, who on oath says that he/she is CUSTODIAN OF RECORDS of The Miami Herald, a daily newspaper published at Miami in Miami-Dade County, Florida; that the attached copy of the advertisement that was published was published in said newspaper in the issue
(s) of:
Publication: Miami Herald 1 insertion(s) published on:
10/10/24

Affiant further says that the said Miami Herald is a newspaper published at Miami, in the said Miami-Dade County, Florida and that the said newspaper has heretofore been continuously published in said Dade County, Florida each day and has been entered a second class mail matter at the post office in Miami, in said Miami-Dade County, Florida, for a period of two years next preceding the first publication of the attached copy of advertisement; and affiant further says that he/she has neither paid or promised any person, firm or corporation any discount, rebate, commission or refund for the purpose of securing this advertisement for publication in the said newspaper(s).The McClatchy Company complies with all legal requirements for publication in chapter 50, Florida Statutes.

Sworn to and subscribed before me this 10th day of October in the year of 2024

Notary Public in and for the state of Texas, residing in Dallas County

Extra charge for lost or duplicate affidavits. Legal document please do not destroy!

KEYS EDGE COMMUNITY DEVELOPMENT DISTRICT REGULAR BOARD MEETING
OCTOBER 23, 2024

CALL TO ORDER

District Manager Nancy Nguyen called the October 23, 2024, Regular Board Meeting of Keys Edge Community Development District (the “District”) to order at 3:00 p.m. in the Conference Room located at 1200 NW 4th Street, Homestead, Florida 33030.

PROOF OF PUBLICATION

Ms. Nguyen presented proof of publication that notice of the Regular Board Meeting had been published in the Miami Herald on October 10, 2024, as part of the District’s Fiscal Year 2024/2025 Regular Meeting Schedule, as legally required.

ESTABLISH A QUORUM

Ms. Nguyen determined that the attendance of Chairman Ronald Fields, Vice Chairwoman Alicia Ale, and Supervisors Jose Iglesias, and Yadira Cabus constituted a quorum and it was in order to proceed with the meeting.

Staff in attendance included: District Manager Nancy Nguyen of Special District Services, Inc.; and General Counsel Ginger Wald of Billing, Cochran, Lyles, Mauro & Ramsey, P.A.
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
September 25, 2024, Regular Board Meeting
Ms. Nguyen presented the minutes of the September 25, 2024, Regular Board Meeting and asked if there were any changes and/or corrections.
There being no changes, a motion was made by Mr. Fields, seconded by Ms. Ale and unanimously passed approving the minutes of the September 25, 2024, Regular Board Meeting, as presented.

OLD BUSINESS
Discussion Regarding Bond Issuance

It was discussed that the District would be moving forward with the bond issuance for Parcel C (Aurora) and Parcel G (Alba). It is projected that the closing will occur by the end of November. Mr.

Fields stated that he and staff had been diligently working on gathering all of the required diligence documents. More information on this will be provided at a future meeting.

NEW BUSINESS
Consider Resolution No. 2024-13 – Adopting a Fiscal Year 2023/2024 Amended Budget

Ms. Nguyen presented Resolution No. 2024-13, entitled:

RESOLUTION NO. 2024-13

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE KEYS EDGE 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.

Ms. Nguyen provided an explanation for the document. Ms. Nguyen stated that approximately
$31,000 of the amount in the Legal Advertising budget line pertains to the issuance of bonds, as such, this will be included in the Cost of Issuance of the Series 2024 Bonds. She indicated that there was an operating fund balance of approximately $90 at the end of the fiscal year.

A motion was made by Mr. Fields, seconded by Ms. Ale and unanimously passed to adopt Resolution No. 2024-13, as presented, thereby setting the amended/revised budget for the 2023/2024 fiscal year.
ADMINISTRATIVE & OPERATIONAL MATTERS
Staff Report, as Required

There was no staff report at this time.

BOARD MEMBER & STAFF CLOSING COMMENTS

It was discussed that unless an emergency were to arise, the Board would not need to meet again until 2025.
ADJOURNMENT
There being no further business to come before the Board, a motion was made by Mr. Fields, seconded by Ms. Ale and unanimously passed adjourning the Regular Board Meeting at approximately 3:18 p.m.

Secretary/Assistant Secretary	Chairperson/Vice Chairperson

RESOLUTION NO. 2025-01

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE KEYS EDGE COMMUNITY DEVELOPMENT DISTRICT APPROVING AND ADOPTING A PROPOSED BUDGET AND NON-AD VALOREM ASSESSMENTS FOR THE FISCAL YEAR 2025/2026; AND PROVIDING AN EFFECTIVE DATE.

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

WHEREAS, the Proposed Budget including the Non-Ad Valorem Assessments for the Fiscal Year 2025/2026 has been prepared and considered by the Board.

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

 Section 1.  The Proposed Budget including the Non-Ad Valorem Assessments for the Fiscal Year 2025/2026 attached hereto as Exhibit “A” is approved and adopted.

 Section 2. A Public Hearing is hereby scheduled for June 25, 2025 at 3:00 p.m. in the Conference Room located at 1200 NW 4th Street, Homestead, Florida 33030, for the purpose of receiving public comments on the Proposed Fiscal Year 2025/2026 Budget.

PASSED, ADOPTED and EFFECTIVE this 23rd day of April, 2025.

ATTEST:	KEYS EDGE
COMMUNITY DEVELOPMENT DISTRICT

By:			By:		 Secretary/Assistant Secretary			Chairperson/Vice Chairperson

Keys Edge 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
KEYS EDGE COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	
FISCAL YEAR 2025/2026 BUDGET	
Administrative Assessments	77,022	
Maintenance Assessments	115,899	
Developer Contribution	109,810	
Debt Assessments	593,494	
Interest Income	240	
		
TOTAL REVENUES	$	896,465	
		
EXPENDITURES		
Maintenance Expenditures		
Engineering	20,000	
Street/Roadway Maintenance/Signage	3,000	
Common Area Maintenance (Alba & Aurora)	24,000	
Entry Feature Maintenance	12,000	
Landscaping	12,000	
Lawn Maintenance	15,000	
Storm Drainage/Class V Permit	3,500	
Maintenance Contingency	19,445	
TOTAL MAINTENANCE EXPENDITURES	$	108,945	
		
Administrative Expenditures		
Supervisor Fees	0	
Management	26,856	
Legal	18,000	
Assessment Roll	10,000	
Audit Fees	4,400	
Arbitrage Rebate Fee	650	
Insurance	8,000	
Legal Advertisements	25,000	
Miscellaneous	1,500	
Postage	1,500	
Office Supplies	750	
Dues & Subscriptions	175	
Trustee Fees	4,500	
Continuing Disclosure Fee	1,000	
Dissemination Services	2,500	
Website Management	2,000	
Administrative Contingency	75,619	
TOTAL ADMINISTRATIVE EXPENDITURES	$	182,450	
		
TOTAL EXPENDITURES	$	291,395	
		
REVENUES LESS EXPENDITURES	$	605,070	
		
Bond Payments	(557,885)	
		
BALANCE	$	47,185	
		
County Appraiser & Tax Collector Fee	(15,728)	
Discounts For Early Payments	(31,457)	
		
EXCESS/ (SHORTFALL)	$	-	

Notes
Assessments For Non Platted Lots Will Be Direct Billed To Developer.
Per Developer Funding Agreement, Developer Responsible For Any Funding Shortages.

DETAILED PROPOSED BUDGET
KEYS EDGE 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	
Administrative Assessments	0	77,027	77,022	For Platted Lots - Expenditures Less Interest /.94	
Maintenance Assessments	0	115,899	115,899	For Platted Lots - Expenditures /.94	
Developer Contribution	79,429	109,925	109,810	For Expenditures Funded By Developer	
Debt Assessments	0	0	593,494	Bond Payments/.94	
Interest Income	719	120	240	Interest Projected At $20 Per Month	
					
TOTAL REVENUES	$	80,148	$	302,971	$	896,465		
					
EXPENDITURES					
Maintenance Expenditures					
Engineering	17,260	5,000	20,000	$15,000 Increase From 2024/2025 Budget	
Street/Roadway Maintenance/Signage	0	3,000	3,000	No Change From 2024/2025 Budget	
Common Area Maintenance (Alba & Aurora)	0	24,000	24,000	No Change From 2024/2025 Budget	
Entry Feature Maintenance	0	12,000	12,000	No Change From 2024/2025 Budget	
Landscaping	0	0	12,000	Landscaping	
Lawn Maintenance	0	0	15,000	Lawn Maintenance	
Storm Drainage/Class V Permit	0	0	3,500	Storm Drainage/Class V Permit	
Maintenance Contingency	0	64,945	19,445	Maintenance Contingency	
TOTAL MAINTENANCE EXPENDITURES	$	17,260	$	108,945	$	108,945		
					
Administrative Expenditures					
Supervisor Fees	0	0	0	Typically Non-Applicable First Few Years	
Management	26,100	26,100	26,856	CPI Adjustment	
Legal	13,310	20,000	18,000	Legal Fees	
Assessment Roll	4,000	10,000	10,000	No Change From 2024/2025 Budget	
Audit Fees	3,100	4,200	4,400	Fee Will Be Higher Due To Bond Issuance	
Arbitrage Rebate Fee	0	0	650	Will Commence In First Year After Bond Issue	
Insurance	6,758	8,000	8,000	Insurance Estimate	
Legal Advertisements	34,797	35,000	25,000	$10,000 Decrease From 2024/2025 Budget	
Miscellaneous	995	1,500	1,500	No Change From 2024/2025 Budget	
Postage	1,746	1,500	1,500	No Change From 2024/2025 Budget	
Office Supplies	1,580	750	750	No Change From 2024/2025 Budget	
Dues & Subscriptions	175	175	175	Annual Dues Paid To Department Of Economic Opportunity	
Trustee Fees	0	4,500	4,500	Will Commence In First Year After Bond Issue	
Continuing Disclosure Fee	0	1,000	1,000	Will Commence In First Year After Bond Issue	
Dissemination Services	0	0	2,500	Required By Bond Underwriter	
Website Management	2,000	2,000	2,000	Website Management	
Administrative Contingency	0	67,725	75,619	Administrative Contingency	
TOTAL ADMINISTRATIVE EXPENDITURES	$	94,561	$	182,450	$	182,450		
					
TOTAL EXPENDITURES	$	111,821	$	291,395	$	291,395		
					
REVENUES LESS EXPENDITURES	$	(31,673)	$	11,576	$	605,070		
					
Bond Payments	0	0	(557,885)	2026 P & I Payments	
					
BALANCE	$	(31,673)	$	11,576	$	47,185		
					
County Appraiser & Tax Collector Fee	0	(3,859)	(15,728)	Two Percent Of Total Assessment Roll	
Discounts For Early Payments	0	(7,717)	(31,457)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	$	(31,673)	$	-	$	-		

Notes
Assessments For Non Platted Lots Will Be Direct Billed To Developer.
Per Developer Funding Agreement, Developer Responsible For Any Funding Shortages.

DETAILED PROPOSED DEBT SERVICE FUND BUDGET
KEYS EDGE COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

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

COMMENTS	

Interest Income	
0	
0	
1,000	
Projected Interest For FY 2025/2026	

NAV Tax Collection	
0	
0	
557,885	
Maximum Debt Service Collection	

Total Revenues	
$	-	
$	-	
$	558,885		

EXPENDITURES					

Principal Payments	
0	
0	
125,000	
Principal Payment Due In 2026	

Interest Payments	
0	
0	
430,759	
Interest Payments Due In 2026	

Bond Redemption	
0	
-	
3,126	
Estimated Excess Debt Collections	

Total Expenditures	
$	-	
$	-	
$	558,885		

Excess/ (Shortfall)	
$	-	
$	-	
$	-		

Noter: Capitalized Interest Set-up Through November 2025.

Series 2018 Bond Refunding Information

Original Par Amount =	$8,370,000	Annual Principal Payments Due =	May 1st	
Interest Rate =	4.375% - 5.375%	Annual Interest Payments Due =	May 1st & November 1st	
Issue Date =	December 2024			
Maturity Date =

Par Amount As Of 1/1/25 =	May 2055

$8,370,000			

KEYS EDGE COMMUNITY DEVELOPMENT DISTRICT ASSESSMENT COMPARISON

Fiscal Year	Fiscal Year
2024/2025	2025/2026
	Assessment*	  Projected Assessment* 

Administrative For Townhomes	$	276.08	$	276.08	
Maintenance For Townhomes	$	415.41	$	415.41	
Debt For Townhomes	$	-		$	2,127.22	
Total For Townhomes	$	691.49	$	2,818.71	

Administrative For Single Family	$	276.08	$	276.08	
Maintenance For Single Family	$	415.41	$	415.41	
Debt For Single Family	$	-		$	2,127.22	
Total For Single Family	$	691.49	$	2,818.71	

* Assessments Include the Following:	O&M Covenant = 691.49
4% Discount for Early Payments	650.00/.94 = 691.49 1% County Tax Collector Fee
1% County Property Appraiser Fee

Community Information
Platted Lots (Assessment Area One)		789 Lots Townhomes: 137 Alba Units	Planned For District
Single Family: 142 Aurora Units	510 Unplatted Lots Total: 279 Units

RESOLUTION 2025-02

A RESOLUTION OF THE KEYS EDGE 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 Keys Edge 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 to 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 KEYS EDGE 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.

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 23RD DAY OF APRIL, 2025.

ATTEST:

KEYS EDGE
COMMUNITY DEVELOPMENT DISTRICT

	

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