PENTATHLON COMMUNITY DEVELOPMENT
DISTRICT

MIAMI-DADE COUNTY REGULAR BOARD MEETING NOVEMBER 10, 2022
6:00 P.M.

Special District Services, Inc. 8785 SW 165th Avenue, Suite 200
Miami, FL 33193
www.pentathloncdd.org 786.347.2700 ext. 2027 Telephone 877.SDS.4922 Toll Free 561.630.4923 Facsimile

AGENDA
PENTATHLON COMMUNITY DEVELOPMENT DISTRICT
Conference Room of Signature Flight Support 14150 SW 129th Street
Miami, Florida 33186
REGULAR BOARD MEETING
November 10, 2022
6:00 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
April 14, 2022 Regular Board Meeting & Public Hearing	Page 2
Old Business
Update Regarding Blocking of Intersection (SW 157th Avenue & SW 141st Street)
New Business
Consider Resolution No. 2022-04 – Adopting a Fiscal Year 2021/2022 Amended Budget	Page 5
Administrative Matters
Board Members Comments
Adjourn

MIAMI-DADE

STATE OF FLORIDA
COUNTY OF MIAMI-DADE:

Before the undersigned authority personally appeared MARIA MESA, who on oath says that he or she is the LEGAL CLERK, Legal Notices of the Miami Daily Business Review f/k/ a Miami Review, a daily  (except Saturday,  Sunday and Legal Holidays) newspaper, published at Miami in Miami-Dade County, Florida; that the attached copy of advertisement, being a Legal Advertisement of Notice in the matter of

PENTATHLON COMMUNITY DEVELOPMENT DISTRICT - FISCAL YEAR 2022/2023 REGULAR MEETING SCHEDULE

in the XXXX Court,
was published in said newspaper by print in tne issues of and/or by publication on the newspaper's website, if authorized, on

09/30/2022

further says that the newspaper complies with all
in  chapter	50,  Florida

S orn t	d subscribed before me this

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30 day of SEPTEMBER, A.O. 2022

(SEAL)

..-.,W ;· . BARBARA THOMAS

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MARIA MESA personally known to me

PENTATHLON COMMUNITY DEVELOPMENT DISTRICT REGULAR BOARD MEETING & PUBLIC HEARING APRIL 14, 2022

CALL TO ORDER

District Manager Nancy Nguyen called the April 14, 2022, Regular Board Meeting of the Pentathlon Community Development District (the “District”) to order at 6:09 p.m. in the Conference Room of the Signature Flight Support Building located at 14150 SW 129th Street, Miami, Florida 33186.

PROOF OF PUBLICATION

Ms. Nguyen presented proof of publication that notice of the Regular Board Meeting had been published in the Miami Daily Business Review on October 1, 2021, as part of the District’s Fiscal Year 2021/2022 Regular Meeting Schedule, as legally required.

ESTABLISH A QUORUM

Ms. Nguyen determined that the attendance of Chairperson Grissobelle Reyes-Obando, Vice Chairperson Ana Ibarra and Supervisors Michael Hunt, and Julio Cesar Obando 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 District 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 for items not on the agenda.

APPROVAL OF MINUTES
February 10, 2022, Regular Board Meeting

Ms. Nguyen presented the February 10, 2022, Regular Board Meeting minutes and asked if there were any comments and/or changes.

There being no changes and/or comments, a motion was made by Mr. Obando, seconded by Ms. Ibarra and unanimously passed approving the February 10, 2022, Regular Board Meeting minutes, as presented.

NOTE: At approximately 6:10 p.m., Ms. Nguyen recessed the Regular Meeting and simultaneously opened the Public Hearing.

PUBLIC HEARING
Proof of Publication

Page 1 of 3

Ms. Nguyen presented proof of publication that notice of the Public Hearing had been published in the
Miami Daily Business Review on March 25, 2022, and April 1, 2022, as legally required.

Receive Public Comments Fiscal Year 2022/2023 Final Budget

Ms. Nguyen opened the public comment portion of the public hearing to receive comments on the 2022/2023 fiscal year final budget and non-ad valorem special assessments. There being no comments, Ms. Nguyen closed the public comment portion of the Public Hearing.

Consideration Resolution No. 2022-02 – Adopting a Fiscal Year 2022/2023 Final Budget

Ms. Nguyen presented Resolution No. 2022-02, entitled:

RESOLUTION NO. 2022-02

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE PENTATHLON COMMUNITY DEVELOPMENT DISTRICT APPROVING AND ADOPTING A FISCAL YEAR 2022/2023 FINAL BUDGET INCLUDING NON-AD VALOREM SPECIAL ASSESSMENTS; AND PROVIDING AN EFFECTIVE DATE.

Ms. Nguyen explained that the document provides for approving and adopting the fiscal year 2022/2023 final budget and the non-ad valorem special assessment tax roll. A discussion ensued after which:

A motion was made by Ms. Reyes-Obando, seconded by Ms. Ibarra and unanimously passed to approve and adopt Resolution No. 2022-01, as presented; thereby setting the 2022/2023 final budget and non-ad valorem special assessment tax roll.

NOTE: At approximately 6:11 p.m., Ms. Nguyen closed the Public Hearing and simultaneously reconvened the Regular Meeting.

OLD BUSINESS
Update Regarding Blocking of Intersection (SW 157th Avenue & SW 141st Street)

Ms. Nguyen advised that the Miami-Dade Public Works Department had received the District’s request to add “DO NOT BLOCK INTERSECTION” signs and/or street markings at the intersection of SW 157th Avenue and SW 141st Street. Public Works will be conducting a traffic study and the traffic study is expected to be completed in early July 2022. More information on this item will be provided at a future meeting.

NEW BUSINESS
Consider Resolution No. 2022-03 – Adopting a Fiscal Year 2022/2023 Meeting Schedule

Resolution No. 2022-03 was presented, entitled:

RESOLUTION NO. 2022-03

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE PENTATHLON COMMUNITY DEVELOPMENT DISTRICT, ESTABLISHING A REGULAR MEETING SCHEDULE FOR FISCAL YEAR

2022/2023 AND SETTING THE TIME AND LOCATION OF SAID DISTRICT MEETINGS; AND PROVIDING AN EFFECTIVE DATE.

Ms. Nguyen provided an explanation for the document. A discussion ensued after which:

A motion was made by Ms. Ibarra, seconded by Mr. Hunt and unanimously passed approving and adopting Resolution No. 2022-03, as presented; thereby setting the 2022/2023 regular meeting schedule and authorizing the publication of the annual meeting schedule, as required by law.

ADMINISTRATIVE MATTERS
Statement of Financial Interest/Disclosure 2021 Form 1: Filing Deadline July 1, 2022

The Board was reminded of the importance of completing and mailing to the Supervisor of Elections within the County of residency their individual 2021 Statement of Financial Interests Form 1. The deadline for submittal is July 1, 2022.

BOARD MEMBER & STAFF CLOSING COMMENTS

Ms. Nguyen stated that unless an emergency were to arise, the Board would not need to meet until November 10, 2022, in order to approve the fiscal year 2021/2022 amended budget.

ADJOURNMENT

There being no further business to come before the Board, a motion was made by Ms. Ibarra, seconded by Ms. Reyes-Obando to adjourn the Regular Board Meeting at approximately 6:15 p.m. There were no objections.

Secretary/Assistant Secretary	Chairperson/Vice-Chairperson

RESOLUTION NO. 2022-04

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE PENTATHLON COMMUNITY DEVELOPMENT DISTRICT AUTHORIZING AND ADOPTING AN AMENDED FINAL FISCAL YEAR 2021/2022 BUDGET (“AMENDED BUDGET”), PURSUANT TO CHAPTER 189, FLORIDA STATUTES; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the Board of Supervisors (the “Board”) of the Pentathlon Community Development District (the “District”) is empowered to provide a funding source and to impose special assessments upon the properties within the District; and,

WHEREAS, the District has prepared for consideration and approval an Amended Budget.

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

Section 1.  The Amended Budget for Fiscal Year 2021/2022 attached hereto as Exhibit “A” is hereby approved and adopted by the Board.

Section 2.  The Secretary/Assistant Secretary of the District is authorized to execute any and all necessary transmittals, certifications or other acknowledgements or writings, as necessary, to comply with the intent of this Resolution.

PASSED, ADOPTED and EFFECTIVE this 10th day of November, 2022.

ATTEST:	PENTATHLON
COMMUNITY DEVELOPMENT DISTRICT

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

Pentathlon Community Development District

Amended Final Budget For Fiscal Year 2021/2022
October 1, 2021 - September 30, 2022

CONTENTS

AMENDED FINAL OPERATING FUND BUDGET

AMENDED FINAL DEBT SERVICE FUND BUDGET

AMENDED FINAL BUDGET
PENTATHLON COMMUNITY DEVELOPMENT DISTRICT OPERATING FUND
FISCAL YEAR 2021/2022 OCTOBER 1, 2021 - SEPTEMBER 30, 2022

REVENUES	FISCAL YEAR 2021/2022 BUDGET 10/1/21 - 9/30/22	AMENDED FINAL BUDGET
10/1/21 - 9/30/22	YEAR TO DATE ACTUAL
10/1/21 - 9/30/22	
ADMINISTRATIVE ASSESSMENTS	69,019	69,216	69,216	
MAINTENANCE ASSESSMENTS	10,638	10,639	10,639	
DEBT ASSESSMENTS	213,569	213,571	213,571	
INTEREST INCOME	360	25	25	
				
TOTAL REVENUES	$	293,586	$	293,451	$	293,451	
				
EXPENDITURES				
ADMINISTRATIVE EXPENDITURES				
SUPERVISOR FEES	6,000	1,800	1,800	
PAYROLL TA;ES EMPLOYER 	480	138	138	
MANAGEMENT	31,728	31,728	31,728	
SECRETARIAL	3,000	3,000	3,000	
LEGAL	8,000	6,100	5,150	
ASSESSMENT ROLL	6,000	6,000	6,000	
AUDIT FEES	3,500	3,500	3,500	
INSURANCE	6,000	5,706	5,706	
LEGAL ADVERTISING	650	650	350	
MISCELLANEOUS	900	900	708	
POSTAGE	250	105	97	
OFFICE SUPPLIES	550	240	222	
DUES SUBSCRIPTIONS	175	175	175	
TRUSTEE FEES	3,500	3,400	3,400	
CONTINUING DISCLOSURE FEE	350	350	350	
:EBSITE MANAGEMENT	1,500	1,500	1,500	
TOTAL ADMINISTRATIVE EXPENDITURES	$	72,583	$	65,292	$	63,824	
				
MAINTENANCE EXPENDITURES				
IMPROVEMENT CONTINGENCY	9,000	4,000	0	
ENGINEERING/INSPECTIONS	1,000	975	975	
TOTAL MAINTENANCE EXPENDITURES	$	10,000	$	4,975	$	975	
				
TOTAL EXPENDITURES	$	82,583	$	70,267	$	64,799	
				
REVENUES LESS EXPENDITURES	$	211,003	$	223,184	$	228,652	
				
BOND PAYMENTS	 200,755 	 203,516 	 203,516 	
				
BALANCE	$	10,248	$	19,668	$	25,136	
				
COUNTY APPRAISER TA; COLLECTOR FEE	 5,864 	 2,824 	 2,824 	
DISCOUNTS FOR EARLY PAYMENTS	 11,729 	 10,985 	 10,985 	
				
EXCESS/ SHORTFALL 	$	 7,345 	$	5,859	$	11,327	
				
CARRYOVER FROM PRIOR YEAR	7,345	7,345	0	
				
NET EXCESS/ SHORTFALL 	$	-	$	13,204	$	11,327	

FUND BALANCE AS OF 9/30/21	
FY 2021/2022 ACTIVITY	
FUND BALANCE AS OF 9/30/22	

$303,381	
$5,859	
$309,240	

Notes
Reserve Funds Totaling $7,345 used to reduce Fiscal Year 2021/2022 Assessments. Reserve Funds Totaling $8,650 to be used to reduce Fiscal Year 2022/2023 Assessments.

AMENDED FINAL BUDGET
PENTATHLON COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND
FISCAL YEAR 2021/2022 OCTOBER 1, 2021 - SEPTEMBER 30, 2022

REVENUES	FISCAL YEAR 2021/2022 BUDGET 10/1/21 - 9/30/22	AMENDED FINAL BUDGET
10/1/21 - 9/30/22	YEAR TO DATE ACTUAL
10/1/21 - 9/30/22	
Interest Income	25	540	538	
NAV Tax Collection	200,755	203,516	203,516	
Total Revenues	$	200,780	$	204,056	$	204,054	
				
EXPENDITURES				
Principal Payments	120,000	115,000	115,000	
Interest Payments	80,780	82,936	82,936	
Total Expenditures	$	200,780	$	197,936	$	197,936	
				
Excess/ (Shortfall)	$	-	$	6,120	$	6,118	

FUND BALANCE AS OF 9/30/21	
FY 2021/2022 ACTIVITY	
FUND BALANCE AS OF 9/30/22	

$303,381	
$6,120	
$309,501	

Notes
Reserve Fund Balance = $102,059*. Revenue Fund Balance = $207,442.*.
Revenue Fund Balance To Be Used To Make 11/1/2022 Principal & Interest Payment Of $160,390 - Principal Payment Of $120,000 & Interest Payment Of $40,390.
* Approximate Amounts

Series 2012 Refunding Bonds Information
Original Par Amount =	$2,780,000	Annual Principal Payments Due:	
Interest Rate =	1.25% - 4.5%	November 1st	
Issue Date =	April 2012	Annual Interest Payments Due:	
Maturity Date =
Par Amount As Of 9/30/22 =	November 2033
$1,840,000	May 1st & November 1st