Windsor Cay Community Development District

Meeting Agenda

May 22, 2024

Windsor Cay
Community Development District

219 East Livingston Street, Orlando, Florida 32801 Phone: 407-841-5524 – Fax: 407-839-1526

May 15, 2024

Board of Supervisors Windsor Cay
Community Development District

Dear Board Members:

The special meeting of the Board of Supervisors of Windsor Cay Community Development District will be held on Wednesday, May 22, 2024 at 11:30 AM at The Cooper Memorial Library, 2525 Oakley Seaver Drive, Clermont, FL 34711. Following is the advance agenda for the meeting:

Roll Call
Public Comment Period
Approval of Minutes of the May 1, 2024 Board of Supervisors Meeting
Organizational Matters:
Acceptance of Resignation of Jeff Farhood
Appointment of Individual to Fill Board Vacancy
Administration of Oath to Newly Appointed Board Members (Christopher Cleary)
Consideration of Resolution 2024-08 Appointing an Assistant Secretary
Consideration of Resolution 2024-09 Approving a Proposed Fiscal Year 2025 Budget and Setting a Public Hearing
Consideration of Disclosure of Public Finance
Staff Reports
Attorney
Engineer
District Manager’s Report
Balance Sheet and Income Statement
Check Register
Presentation of Number of Registered Voters: 0
Field Manager’s Report
Other Business
Supervisors Requests
Adjournment

Sincerely,
George S. Flint
George S. Flint District Manager

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MINUTES OF MEETING WINDSOR CAY
COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the Windsor Cay Community Development District was held Wednesday, May 1, 2024 at 11:30 a.m. at the Cooper Memorial Library, 2525 Oakley Seaver Drive, Clermont, Florida.

Present and constituting a quorum:
Aaron Struckmeyer	Chairman
Bernard Sullivan	Assistant Secretary
Jeff Farhood	Assistant Secretary
Chris Cleary	Assistant Secretary Also present were:
George Flint	District Manager, GMS
Bill Whitegon by phone	District Engineer
Ryan Dugan	District Counsel
Tucker Mackie	District Counsel

FIRST ORDER OF BUSINESS	Roll Call
Mr. Flint called the meeting to order and called the roll. Four Board members were present constituting a quorum. He noted that he administered the oath of office to Mr. Chris Cleary prior to the meeting.

SECOND ORDER OF BUSINESS	Public Comment Period
There were no members of the public present other than Board and staff.

THIRD ORDER OF BUSINESS	Approval of Minutes of the March 27,
2024 Board of Supervisors Meeting
Mr. Flint presented the minutes of the March 27, 2024 Board of Supervisors meeting and asked for any comments, corrections, or changes. The Board had no changes to the minutes.
May 1, 2024	Windsor Cay CDD

FOURTH ORDER OF BUSINESS	Organizational Matters:
A. Administration of Oath to Newly Appointed Board Member: Christopher Cleary
Mr. Flint stated they already did the oath for Mr. Cleary before the meeting.
*Tucker Mackie joined the meeting at this time.

FIFTH ORDER OF BUSINESS	Public Hearing Relating to Assessment
Area One (Phase 2) Assessments
Mr. Flint stated they previous adopted two resolutions with one declaring their intent to levy assessments and one setting today as the public hearing.

Presentation of Amended and Restated Engineer’s Report
Mr. Dugan stated they set this public hearing at the last meeting, and it is essentially for the lien and the assessments over the Phase 2 property. They previously went through this for Phase One. The engineers report and the methodology report are included in the agenda package, and they are the same as what they reviewed at the last meeting. He explained that they are the basis for the assessments and are attached to and apart of the Resolution 2024-05 that is in the agenda.

Presentation of Amended and Restated Master Assessment Methodology Report
Mr. Dugan stated the assessments were based on the Engineer’s report, which sets forth the capital improvement plan for each phase of the District’s improvement plan. Mr. Dugan asked Mr. Whitegon if based on his experience the cost estimates in his engineer’s report reasonable and proper. Mr. Whitegon responded yes; they were. Mr. Dugan asked Mr. Whitegon if he was aware of any reason that the Phase Two improvements cannot be carried out. Mr. Whitegon responded that there was no reason to believe that. Mr. Dugan noted that the engineer’s costs were built into the methodology report, which Mr. Flint uses to prepare his report. He asked Mr. Flint if the special assessments were reasonably and fairly allocated to the lands subject to them. Mr. Flint responded

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May 1, 2024	Windsor Cay CDD

yes. Mr. Dugan asked if the assessed lands would receive special benefits equal to or in excess of a special assessments as levied under the methodology. Mr. Flint responded yes. Mr. Dugan asked Mr. Flint if it was in the best interest of the District that the special assessments be paid and collected in accordance with the methodology in the assessment resolution. Mr. Flint responded yes.
Mr. Dugan noted there was no members of the public present and no public comments, so they could close the public hearing. Mr. Flint asked the Board to close the public hearing.

Consideration of Resolution 2024-05 Levying Assessment Area One (Phase 2) Assessments
Mr. Dugan stated this resolution was setting the record for the assessments that were just discussed in the engineer’s report and methodology report. It sets out certain findings of what they have done to date. He stated that those reports they just went through would approve in final form.

SIXTH ORDER OF BUSINESS	Financing Matters
Presentation of Supplemental Assessment Methodology for Assessment Area One
Mr. Flint stated previously they prepared a Supplemental Assessment Methodology for purposes of marketing the bonds. It was included in the offering memorandum. He explained that this version, now that the bonds have been priced, reflects the actual terms of the pricing. He reviewed the tables starting with Table 1, which is the development program. Table 2 is the estimated costs. Table 3 is the bond sizing reflecting the actual terms. They are average coupon of 5.5% par amount of $9,670,000. He noted that the version of the report in the agenda package was still the preliminary report, but there was a final version of this report prepared and circulated. He explained that the intent of this resolution was to finalize the assessments based on the actual pricing.

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May 1, 2024	Windsor Cay CDD

Consideration of Resolution 2024-06 Supplemental Assessment Resolution for Series 2024 Bonds
Mr. Dugan stated that this report is finalizing the assessments based on the pricing of the bonds that they sold. The final terms of the bonds are set forth in the exhibits to the resolution and the annual debt service payments are set forth in Exhibit E, which concludes the resolution. Mr. Flint noted Exhibit C that is attached to the resolution reflects the actual terms. He pointed out that Exhibit B needs to be updated.

Consideration of Post Issuance Compliance and Remedial Action Procedures for CDD
Mr. Dugan noted the federal tax laws restrict how bond funds are used. He explained that this policy was intended to ensure that the CDD follows those rules. It sets forth responsible parties for monitoring how the bond funds are used and also remedial action procedures if they are needed in the future. He was happy to answer any questions.

Ratification of Acquisition of Completed Improvements
Mr. Dugan stated the CDD based on the Acquisition Agreement with the developer has acquired certain completed improvements that are in the CDD’s capital improvement plan. The total for all the improvements that the CDD has acquired exceeds $9,000,000. He explained that these acquisitions have been reviewed by District staff and District engineer and they satisfy the requirements of the Acquisition Agreement.

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May 1, 2024	Windsor Cay CDD

Consideration of Requisition #1 for Series 2024 Project
Mr. Flint stated this Requisition #1 would be funded at closing tomorrow. He explained that it was to reimburse Pulte Home Company, LLC for various completed improvements that required the onsite and offsite improvements. He noted that they just ratified the acquisition of those in their prior action. The requisition is $5,819,785.86. He pointed out that it was signed by the engineer this morning and the version in the agenda was not executed, but after the meeting the Chair will also sign this on behalf of the District and will provide it to the trustee.

SEVENTH ORDER OF BUSINESS	Presentation of Appraisal of Real Property
Prepared by Integra Realty Resources
Mr. Flint stated a portion of the District’s CIP includes land acquisition. They previously ratified the agreement with Integra Realty Resources for them to prepare an appraisal that the District can rely on for purposes of that acquisition. It was explained that this appraisal gives them the basis they need to move forward. The CDD’s is limited to acquiring land for either the appraised value or whatever the cost basis was. Now that they have the appraisal report, they can move forward with the real estate acquisition pursuant to the Acquisition Agreement. They are working on scheduling the real estate closing.

EIGHTH ORDER OF BUSINESS	Authorization for District to Proceed with
Acquisition of Real Property
Mr. Flint stated the thought process would be that they will work with Pulte’s counsel to move forward with the actual closing of the real estate transaction and there will be another requisition prepared for that purpose. They are estimating right now that the land acquisition value based on the appraisal and other factors would be around $3,100,000 or $3,200,000.

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May 1, 2024	Windsor Cay CDD

NINTH ORDER OF BUSINESS	Ratification	of	Access	Easement
Agreement for Maintenance with HOA
Mr. Dugan stated on review of the Phase 1 plat and preliminary plats for Phase 2 and 3, they realized that there is a stormwater pond behind the gates that is under CDD maintenance responsibility, so this Easement Agreement is giving the District permission to go through HOA owned property to maintain that stormwater pond. He noted that it was already executed.

TENTH ORDER OF BUSINESS	Consideration	of	Resolution	2024-07
Authorizing a Boundary Amendment
Mr. Dugan stated they were informed of Pulte’s desire to add land in the northern border to the boundaries of the District. They have worked towards getting the legal description that is attached to this resolution. This resolution would authorize District staff to go forward with carrying out that boundary amendment petition process. They are referring to it as the Phase 4 area.

ELEVENTH ORDER OF BUSINESS	Consideration of Boundary Amendment
Funding Agreement with Pulte Home Company, LLC
Mr. Flint stated in order to fund the costs of the boundary amendment, there is a Funding Agreement between the CDD and Pulte.

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May 1, 2024	Windsor Cay CDD

TWELFTH ORDER OF BUSINESS	Ratification of Agreement with Disclosure
Technology Services, LLC for Disclosure Dissemination Support Services
Mr. Flint stated this item was an agreement with Disclosure Technology Services, LLC. He noted that it was an agreement that was executed in conjunction with the bond issue with DTS, LLC. It facilitates the reporting requirements under the Continuing Disclosure Agreement.

THIRTEENTH ORDER OF BUSINESS	Staff Reports
Attorney
Mr. Dugan had nothing further to report.

Engineer
Mr. Whitegon had nothing further to report.

District Manager’s Report
Mr. Flint had nothing further to report. Since this was a special meeting, they didn’t include the financials.

Field Manager’s Report
There being no report, the next item followed.

FOURTEENTH ORDER OF BUSINESS	Other Business
There being no other business, the next item followed.

FIFTEENTH ORDER OF BUSINESS	Supervisors Requests
There being no comments, the next item followed.

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May 1, 2024	Windsor Cay CDD

SIXTEENTH ORDER OF BUSINESS	Adjournment

Secretary/Assistant Secretary	Chairman/Vice Chairman

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From: Monica Virgen mvirgen@gmscfl.com 
Subject: Fwd: Windsor Cay CDD Resignation
Date: May 3, 2024 at 4:18 PM
To:

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RESOLUTION 2024-08
A RESOLUTION OF THE WINDSOR CAY COMMUNITY DEVELOPMENT DISTRICT ELECTING 	AS ASSISTANT SECRETARY OF THE BOARD OF SUPERVISORS

WHEREAS, the Board of Supervisors of the Windsor Cay Community District desires to elect 	as an Assistant Secretary.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE WINDSOR CAY COMMUNITY DEVELOPMENT DISTRICT:

1.			is elected Assistant Secretary of the Board of Supervisors.

Adopted this 22 day of May, 2024.

Secretary/Assistant Secretary	Chairman/Vice Chairman

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RESOLUTION 2024-09

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE WINDSOR CAY COMMUNITY DEVELOPMENT DISTRICT APPROVING A PROPOSED BUDGET FOR FISCAL YEAR 2024/2025 AND SETTING A PUBLIC HEARING THEREON PURSUANT TO FLORIDA LAW; ADDRESSING TRANSMITTAL, POSTING AND PUBLICATION REQUIREMENTS; ADDRESSING SEVERABILITY; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the District Manager has heretofore prepared and submitted to the Board of Supervisors (“Board”) of the Windsor Cay Community Development District (“District”) a proposed budget (“Proposed Budget”) for the fiscal year beginning October 1, 2024 and ending September 30, 2025 (“Fiscal Year 2024/2025”); and

WHEREAS, the Board has considered the Proposed Budget and desires to set the required public hearing thereon.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE WINDSOR CAY COMMUNITY DEVELOPMENT DISTRICT:

PROPOSED BUDGET APPROVED. The Proposed Budget prepared by the District Manager for Fiscal Year 2024/2025 attached hereto as Exhibit A is hereby approved as the basis for conducting a public hearing to adopt said Proposed Budget.

SETTING A PUBLIC HEARING. A public hearing on said approved Proposed Budget is hereby declared and set for the following date, hour and location:

DATE:	August 28, 2024

HOUR:	11:30 A.M.

LOCATION:	2525 Oakley Seaver Drive, Clermont, FL 34711

TRANSMITTAL	OF	PROPOSED	BUDGET	TO	LOCAL	GENERAL	PURPOSE
GOVERNMENT. The District Manager is hereby directed to submit a copy of the Proposed Budget to Lake County at least 60 days prior to the hearing set above.

POSTING OF PROPOSED BUDGET. In accordance with Section 189.016, Florida Statutes, the District’s Secretary is further directed to post the approved Proposed Budget on the District’s website at least two days before the budget hearing date as set forth in Section 2, and shall remain on the website for at least 45 days.
PUBLICATION OF NOTICE. Notice of this public hearing shall be published in the manner prescribed in Florida law.

SEVERABILITY. The invalidity or unenforceability of any one or more provisions of this Resolution shall not affect the validity or enforceability of the remaining portions of this Resolution, or any part thereof.

EFFECTIVE DATE. This Resolution shall take effect immediately upon adoption.

PASSED AND ADOPTED THIS 22TH DAY OF AUGUST 2024.

ATTEST:	WINDSOR CAY COMMUNITY
DEVELOPMENT DISTRICT

By:	
Secretary	Its:	

This item will be provided under separate cover

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This instrument was prepared by:

Tucker F. Mackie, Esq.
Kutak Rock LLP
107 West College Ave Tallahassee, Florida 32301

DISCLOSURE OF PUBLIC FINANCE

The Windsor Cay Community Development District (“District”) is a unit of special-purpose local government created pursuant to and existing under the provisions of Chapter 190, Florida Statutes. Under Florida law, community development districts are required to take affirmative steps to provide for the full disclosure of information relating to the public financing and maintenance of improvements to real property undertaken by such districts. The following information is provided to fulfill this statutory requirement.

WHAT IS THE DISTRICT AND HOW IS IT GOVERNED?

The District is an independent local unit of special purpose government, created pursuant to and existing under the provisions of Chapter 190, Florida Statutes, and established by Ordinance No. 2022-55, which was enacted by the Board of County Commissioners of Lake County, Florida, and which became effective on December 6, 2022. The District currently encompasses approximately 193.348 acres of land located entirely within the unincorporated area of Lake County, Florida (“County”). The legal description of the lands encompassed within the District is attached hereto as Exhibit A. As a local unit of special- purpose government, the District provides an alternative means for planning, financing, constructing, operating and maintaining various public improvements and community facilities within its jurisdiction.

The District is governed by a five-member Board of Supervisors (“Board”), the members of which are initially elected by landowners within the District and must be at least eighteen (18) years of age, a resident of the State and a citizen of the United States. Upon the later of six (6) years after the District’s establishment and the year when the District next attains at least two hundred fifty (250) qualified electors, Supervisors whose terms are expiring will begin to be elected (as their terms expire) by qualified electors of the District. A qualified elector is a registered voter who is at least eighteen (18) years of age, a resident of the District and the State and a citizen of the United States. At the election where Supervisors are first elected by qualified electors, two Supervisors must be qualified electors and be elected by qualified electors, each elected to four-year terms. The seat of the remaining Supervisor whose term is expiring at such election shall be filled by a Supervisor who is elected by the landowners for a four-year term and who is not required to be a qualified elector. Thereafter, as terms expire, all Supervisors must be qualified electors and must be elected by qualified electors to serve staggered four-year terms.

Board meetings are noticed in the local newspaper and are conducted in a public forum in which public participation is permitted. Consistent with Florida’s public records laws, the records of the District are available for public inspection during normal business hours. Board members are similarly bound by the State’s open meetings law and are subject to the same disclosure requirements as other elected officials under the State’s ethics laws.
For more information about the District, please visit: windsorcaycdd.com. Alternatively, please contact the District’s Manager, c/o 219 East Livingston Street, Orlando, Florida 32801, telephone (407) 841-5524 (“District Office”).

DESCRIPTION OF PROJECTS, BONDS & ASSESSMENTS

The District is authorized by Chapter 190, Florida Statutes, to finance, fund, plan, establish, acquire, install, equip, operate, extend, construct, or reconstruct onsite and offsite roadway improvements, stormwater management system, and landscape and irrigation improvements, and other infrastructure projects and services necessitated by the development of, and serving lands within, the District.

To finance the construction of such projects, the District is authorized to issue bonds that are secured by special assessments levied against properties within the District that are benefitted by the projects. On October 10, 2023, the Circuit Court of the Fifth Judicial Circuit of Florida, in and for Lake County, entered a Final Judgment validating the District’s ability to issue not to exceed $32,940,000 in Special Assessment Bonds for infrastructure needs of the District.

Bonds & Assessments

On May 2, 2024, the District issued its $9,615,000 Special Assessment Bonds, Series 2024 (Assessment Area One Project) (“Series 2024 Bonds”) to finance a portion of its capital improvement plan known as the “Assessment Area One Project” (“Assessment Area One Project”). The Assessment Area One Project includes, among other things, onsite and offsite roadway improvements, stormwater management system, and landscape and irrigation improvements, described in more detail in the Amended and Restated Engineer’s Report for Capital Improvement Program, dated March 27, 2024 (“Engineer’s Report”).

The 2024 Bonds are secured by special assessments (“Series 2024 Assessments”) levied and imposed on benefitted lands within the District. The Assessments are further described in the Amended and Restated Master Assessment Methodology Report for Assessment Area One dated March 27, 2024, and the Supplemental Assessment Methodology for Assessment Area One, dated April 4, 2024 (together, the “Assessment Report”).

The District may undertake the construction, acquisition, or installation of other future improvements and facilities, which may be financed by bonds, notes or other methods authorized by Chapter 190, Florida Statutes. For further information, please contact the District’s Manager at 219 East Livingston Street, Orlando, Florida 32801, telephone (407) 841-5524.

Operation and Maintenance Assessments

In addition to Series 2024 Assessments, the District also imposes on an annual basis operations and maintenance assessments (“O&M Assessments”), which are determined and calculated annually by the Board in order to fund the District’s annual operations and maintenance budget. O&M Assessments are levied against all benefitted lands in the District and may vary from year to year based on the amount of the District’s budget. O&M Assessments may also be affected by the total number of units that ultimately are constructed within the District. The allocation of O&M Assessments is set forth in the
resolutions imposing the assessments. Please contact the District Office for more information regarding the allocation of O&M Assessments.

Collection Methods

For any given fiscal year, the District may elect to collect any special assessment for any lot or parcel by any lawful means. Generally speaking, the District may elect to place a special assessment on that portion of the annual real estate tax bill, entitled “non-ad valorem assessments,” which would then be collected by the Lake County Tax Collector in the same manner as county ad valorem taxes. Alternatively, the District may elect to collect any special assessment by sending a direct bill to a given landowner. The District reserves the right to change collection methods from year to year.

For more information, please visit: http://windsorcaycdd.com. Additionally, a detailed description of all of the District’s assessments, fees and charges, as well as copies of the Engineer’s Report, Assessment Report, and other District records described herein, may be obtained from the registered agent of the District as designated to the Florida Department of Commerce in accordance with Section 189.014, Florida Statutes, or by contacting the District’s Manager, c/o 219 East Livingston Street, Orlando, Florida 32801, telephone (407) 841-5524. Please note that changes to the District’s capital improvement plans and financing plans may affect the information contained herein and all such information is subject to change at any time and without further notice.

[THIS SPACE INTENTIONALLY LEFT BLANK]
IN WITNESS WHEREOF, the foregoing Disclosure of Public Finance has been executed to be effective as of the 	day of 	2024.

WITNESS

By: 	 Name: 		WINDSOR CAY COMMUNITY DEVELOPMENT
DISTRICT

By: 	 Name: 	 Title: 		
By: 	 Name: 			

STATE OF FLORIDA
COUNTY OF 	

The foregoing instrument was acknowledged before me by means of  physical presence or 
online notarization, this 	 day of 	 2024, by 	, as
	of WINDSOR CAY COMMUNITY DEVELOPMENT DISTRICT, who appeared before me this day in person, and who is either personally known to me, or produced 	as identification.

(NOTARY SEAL)	

NOTARY PUBLIC, STATE OF FLORIDA

Name:	 (Name of Notary Public, Printed, Stamped or Typed as Commissioned)	

EXHIBIT A: Legal Description of Boundaries of District
EXHIBIT A
Legal Description of Boundaries of District

						
		SKETCH OF DESCRIPTION				
		SEE SHW 1 F'OR KEY MAP ANO LEGEND				
		SEE SHEET 2 FOR SKETCH
SEE SHEET 3 FOR NOTES, LINE /IND CURVE TAat.£5 SEE SHEET 4 FOR LEGAL DESCRIPTION				
		DESCRIPTION:				
		That part of Sections 26 and 27, Township 24 South, Range 26 East. Lake County, Florida, described as follows:				
		BEGIN ot th"' Southeast Corner of the Southwest 1/4 of said Section 26; thence s39·53·4o·w along the South line				
		of the Southwest 1/4 of said Section 26, for a distance of 2647.02 feet to the Southwest corner of said Section 26; thence departing said South line, run S89'59'42"W along the South line of the Southeast 1/4 of said Section
27, for a distance of 1330.57 feet ta the Southwest earner of the Southeast 1/4  of the Southeast 1/4 of said				
		Section 27; thence deporting said South line, run Noo·27•oo"E along the West line of the East 1/2  of said				
		Southeast 1/4 of Section 27, for a distance of 248.3.33 feet to the South line of the North 1/8 of the Northeast				
		1/4 of said Southeast 1/4  of Section 27; thence departing said West line, run SB9.57'07"E along said South line,				
		1324.92 feet to the West line of the Southwest 1/4  of aforesaid Section 26; thence NB9'57'11"E along the South				
		line of the North 1/8 of soid Southwest 1/4 of Section 26, for a distance of 1431.08 feet to the West iine of Parcel A, os described in Officio! Records Book 5715, Poge 28, of the Public Records of Lake County, Florida;				
		thence deporting said South line, run soo·o2'08"W along said West line and the Southerly prolongation thereof,
234.00 feet to the North line of lands described In Official Records Book 5091, Page 1240, of the Public Records				
		of lake County, Florido; thence deporting said Southerly prolongation, run N89.59' 42"E along said North line, 548.67 feet to a point on a line that is 411.74 feet West of and parallel with the West right-of-way line of State Road				
		25 (US Highway 27), according to the Florido Department of Transportation right-of-way mop F.P, No. 238421 1				
		Section 11200. prepared by Jones, Wood and Gentry, LLC, dated August 29, 2003; thence s20·16'43"E along said parallel line, 77.3.63 feet; thence departing said parallel line. run S87'58'30"W, 178.21 feet to a non-tangent curve				
		concave Northwesterly having a radius of 120.00 feet and a chard bearing of S61·3r 40"W; thence Southwesterly				
		along the arc of sold curve through o central angle of 55·44•05• for a distance of 116.73 feet to o non-tangent				
		line; thence S00'01'45"E, 120.01 feet; thence S89'58'15"W, 300.00 feet; thence S00'01'45"E, 574.83 feet; thence
S6617'08"E, 562.95 feet to a non-tangent curve concave Northwesterly having o radius of 50.00 feet and o chord				
		bearing of N56.37'25"E; thence Northeasterly along the arc of said curve through a central angle of 29·41'06" for a distance of 25.91 feet to the point of reverse curvature of a curve concave Southerly having a rodius of 100.00				
		feet and o chord bearing of N87'26'59"E: thence Easterly along the arc of said curve through a central angle of				
		91·20•12• for a distance of 159.41 feel to the point of reverse curvature of o curve concave Northerly having a
radius of SO.OD feet and a chord bearing of S74'41'30'E;  thence Easterly along the arc of said curve through a				
		central angle of 55'37'10" for a distance of 48.54 feet to the point of compound curvature of a curve concave				
		Northwesterly having a radius of 450.00 feet and a chord bearing of N67'26'57"E; thence Northeasterly along the				
		ore of said curve through a central angle of 20'05'55" for a distance of 157.85 feet to the point of tangency;
thence N57'23'59"E, 42.14 feel lo the Easterly line of lands described in Official Records Book 5872, Page 2161, of				
		the Public Records of Lake County, Florido; thence deporting said Easterly line, run S20,7'36"E, 102.35 to said				
		Easterly line of lands described In Official Records Book 5872, Page 2161; thence S20,7'36"E along said Easterly				
		line, 571.99 ieet to the South line of the Southeast 1/4  of aforesaid Section 26; thence departing _said Easterly				
		line, run N89"59'11"W along said South line, 177.35 feet lo the POINT OF BEGINNING.				
		The above-described parcel contains 193.348 acres more or less.				
		Being subject to any rights-of-way, restrictions and easements of record.				
		1■11				
		1	DONALD w. MclNTOSH ASSOCIATES, INC.
ENGINEERS	PLANNERS	SURVEYORS
2200 PARK AVENUE NORTH, 111NTER PARK, FLORIDA 32789 (407) 644-4068
I	ICERTIFlCATE OF AU1HOIRIZATION NO. LB68			
				PREPARED FOR:
PULTE HOME COMPANY, LLC PRO.£CT NAME: ll!NOSOO CAY SKE'TCH Tin.E: COD PARCEL		
		DRAWN BY:_ CHECKED BY:_IS_	JOB NO.	SCALE
DATE:  4/2022	DAT£:	4/2022	21644	N/A 	ISHEET	4
OF	4			
						
Printed:  lhu 14-Apr-2022 - 01:41PI.C
F: \Proj2021\21601\Sdw9\NAVIJ88\sod\21-1J0(109) ....,NDSOR  CAY COD Skelch,dwg
Sl16925desc	CS,21-130(9)

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Windsor Cay
Community Development District

Unaudited Financial Reporting
March 31, 2024

Table of Contents

	Balance Sheet

	General Fund

	Capital Projects Fund

	Month to Month
Windsor Cay
Community Development District Combined Balance Sheet
	March 31, 2024			
	General
Fund	Capital Projects
Fund	Totals
Governmental Funds	
Assets:
Cash:
Operating Account	

$	142,959	

$	-	

$	142,959	
Total Assets	$	142,959	$	-	$	142,959	
Liabilities:
Accounts Payable	

$	3,680	

$	-	

$	3,680	
Total Liabilites	$	3,680	$	-	$	3,680	
Fund Balance:
Unassigned	

$	139,279	

$	-	

$	139,279	
Total Fund Balances	$	139,279	$	-	$	139,279	
				
Total Liabilities & Fund Balance	$	142,959	$	-	$	142,959	

1
Windsor Cay
Community Development District General Fund
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending March 31, 2024

Adopted	Prorated Budget	Actual		
Budget	Thru 03/31/24	Thru 03/31/24	Variance	

Revenues:					
Assessments	$	218,469	$	155,690	$	155,690	$	-	
Developer Contributions	$	51,641	$	7,347	$	7,347	$	-	
Total Revenues	$	270,110	$	163,037	$	163,037	$	-	

Expenditures:					
General & Administrative:					
Engineering	$	10,000	$	5,000	$	570	$	4,430	
Attorney	$	25,000	$	12,500	$	5,379	$	7,122	
Audit	$	4,000	$	-	$	-	$	-	
Assessment Administration	$	5,000	$	-	$	-	$	-	
Arbitrage	$	450	$	-	$	-	$	-	
Dissemination	$	5,000	$	-	$	-	$	-	
Trustee Fees	$	4,020	$	-	$	-	$	-	
Management Fees	$	40,000	$	20,000	$	20,000	$	-	
Information Technology	$	1,800	$	900	$	900	$	-	
Website Maintenance	$	1,200	$	600	$	600	$	-	
Telephone	$	300	$	150	$	-	$	150	
Postage & Delivery	$	1,000	$	500	$	18	$	482	
Insurance	$	5,750	$	5,750	$	5,000	$	750	
Printing & Binding	$	1,000	$	500	$	1	$	499	
Legal Advertising	$	5,000	$	2,500	$	853	$	1,647	
Property Appraiser Fee	$	-	$	-	$	2,125	$	(2,125)	
Other Current Charges	$	1,750	$	875	$	598	$	277	
Office Supplies	$	625	$	313	$	1	$	312	
Travel Per Diem	$	660	$	330	$	-	$	330	
Dues, Licenses & Subscriptions	$	175	$	175	$	175	$	-	
Total Administrative	$	112,730	$	50,093	$	36,220	$	13,872	

Field Expenditures
Operations & Maintenance					
Field Management	$	15,000	$	7,500	$	-	$	7,500	
Landscape Maintenance	$	104,880	$	52,440	$	-	$	52,440	
Landscape Replacement	$	2,500	$	1,250	$	-	$	1,250	
Electric	$	5,000	$	2,500	$	-	$	2,500	
Water & Sewer	$	20,000	$	10,000	$	-	$	10,000	
Irrigation Repairs	$	2,500	$	1,250	$	-	$	1,250	
General Repairs & Maintenance	$	5,000	$	2,500	$	-	$	2,500	
Contingency	$	2,500	$	1,250	$	-	$	1,250	
Total Operations & Maintenance	$	157,380	$	78,690	$	-	$	78,690	
					
Total Expenditures	$	270,110	$	128,783	$	36,220	$	92,562	
					
Excess (Deficiency) of Revenues over Expenditures	$	-		$	126,817		
					
Fund Balance - Beginning	$	-		$	12,461		
					
Fund Balance - Ending	$	-		$	139,279		

2
Windsor Cay
Community Development District Capital Projects Fund
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending March 31, 2024

	Adopted	Prorated Budget	Actual			
		Budget	Thru 03/31/24	Thru 03/31/24	Variance	

Revenues:					
Interest	$		-	$	-	$	-	$	-	
Total Revenues	$		-	$	-	$	-	$	-	

Expenditures:

Capital Outlay - Cost of Issuance	

$		

-	$	-	$	3,555	

$	(3,555)	
Total Expenditures	$		-	$	-	$	3,555	$	(3,555)	
					
Excess (Deficiency) of Revenues over Expenditures	$		-	$	(3,555)		

Other Financing Sources/(Uses):					
Developer Advances	$		-	$	-	$	3,555	$	3,555	
Total Other Financing Sources/(Uses)	$		-	$	-	$	3,555	$	3,555	
					
Net Change in Fund Balance	$		-	$	-		
					
Fund Balance - Beginning	$		-	$	-		
					
Fund Balance - Ending	$		-	$	-		

3
Windsor Cay
Community Development District Month to Month

Revenues:

Assessments
Developer Contributions
$	-  $
$	3,761  $
103,793  $
3,587  $
-  $	-  $
-  $	-  $
51,897  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $
-  $	-  $
155,690
7,347

Expenditures:

General & Administrative:

Engineering Attorney Management Fees
Information Technology Website Maintenance Telephone
Postage & Delivery Insurance
Copies
Legal Advertising Property Appraiser Fee Contingencies
Office Supplies Travel Per Diem
Dues, Licenses & Subscriptions

$	570  $
$	-  $
$	3,333  $
$	150  $
$	100  $
$	-  $
$	3  $
$	5,000  $
$	-  $
$	465  $
$	-  $
$	30  $
$	0  $
$	-  $
$	175  $

-  $
285  $
3,333  $
150  $
100  $
-  $
2  $
-  $
1  $
-  $
-  $
30  $
0  $
-  $
-  $

-  $
1,031  $
3,333  $
150  $
100  $
-  $
1  $
-  $
-  $
388  $
-  $
30  $
0  $
-  $
-  $

-  $
633  $
3,333  $
150  $
100  $
-  $
7  $
-  $
-  $
-  $
-  $
197  $
0  $
-  $
-  $

-  $
385  $
3,333  $
150  $
100  $
-  $
5  $
-  $
-  $
-  $
2,125  $
30  $
0  $
-  $
-  $

-  $	-  $
3,046  $	-  $
3,333  $	-  $
150  $	-  $
100  $	-  $
-  $	-  $
1  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
280  $	-  $
0  $	-  $
-  $	-  $
-  $	-  $

-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $

-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $

570
5,379
20,000
900
600
- 18
5,000
1
853
2,125
598
1
- 175

Field Expenditures
Operations & Maintenance

Field Management Landscape Maintenance Landscape Replacement Electric
Water & Sewer Irrigation Repairs
General Repairs & Maintenance Contingency
$	-  $
$	-  $
$	-  $
$	-  $
$	-  $
$	-  $
$	-  $
$	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-
-  $	-
-  $	-
-  $	-
-  $	-
-  $	-
-  $	-
-  $	-

4

!!"#$%& "

Summary of Check Register

March 1, 2024 to March 31, 2024

General Fund

3/1/24	41
3/6/24	42
3/13/24	43

$	2,125.00
$	632.50
$	3,584.67

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	5/13/24	PAGE	1
*** CHECK DATES 03/01/2024 - 03/31/2024 ***	WINDSOR CAY-GENERAL FUND
BANK A GENERAL FUND
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
3/01/24 00011	2/29/24 130-2024 202402 310-51300-49100	*	2,125.00

GENERAL COUNSEL JAN24
632.50

POSTAGE MAR24

GOVERNMENTAL MANAGEMENT SERVICES	3,584.67 000043
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
TOTAL FOR BANK A	6,342.17
TOTAL FOR REGISTER	6,342.17

WCCD WINDSOR CAY CD AGUZMAN

!!"#$%& 3

www.lakevotes.gov
RECEIV .,D

APR 2 4 2024
BY:	 _

1898 E. Burleigh Blvd.•  P.O. Box 457 •  Tavares, FL 32778 P  352-343-9734  F  352-343-3605  E  Hays@lakevotes.gov

April 22, 2024

Monica Virgen, Recording Secretary 219 E Livingston St
Orlando FL 32801

Re: District Counts

The number of registered voters within the Windsor Cay Community Development District as of April 15, 2024 is Q.

If we may be of further assistance, please contact this office.

Sincerely,

Alan Hays
Lake County Supervisor of Elections

OUR COMMITMENT
Voter Confidence	Excelli::n1 Service	Accuro!e & Eflicient Election,	Re- pons,bl  financial Stewardship