MINUTES
OF MEETING
NORTH
SPRINGS IMPROVEMENT DISTRICT
A meeting of the Board of Supervisors of the North Springs Improvement
District was held on Wednesday, December 3, 2008 at 4:48 p.m. at the District
Offices, 10300 NW 11th Manor, Coral Springs,
Florida.
Present and constituting a quorum were:
Steve Mendelson
President
David Gray
Secretary
Vincent Morretti
Assistant Secretary
Also present were:
Kenneth Cassel
District Manager
Dennis Lyles
District Counsel
Jane Early
District Engineer
Brenda Schurz
Severn Trent Services
Stephen Bloom
Severn Trent Services
Terri Lusk
Severn Trent Services
Joe Sabino
Heron Bay Clubhouse Manager
The following is a summary of the minutes and actions taken at the
December 3, 2008 North Springs Improvement District Board of Supervisors
meeting.
FIRST
ORDER OF BUSINESS
Roll Call
Mr.
Cassel called the meeting to order and called the roll.
SECOND
ORDER OF BUSINESS
Approval of the Minutes of the November 5, 2008
Meeting
Mr. Cassel stated each Board member received a copy of the minutes of the
November 5, 2008 meeting and requested any corrections, additions or
deletions.
There not being any,
On
MOTION by Mr. Gray seconded by Mr. Mendelson with all in favor the minutes of
the November 5, 2008 meeting were approved.
THIRD
ORDER OF BUSINESS
Staff Reports
A.
Manager
i.
Investment Options
The
following was discussed:
·
Mr.
Bloom stated CDARS is providing the highest rate in returns.
·
Mr.
Bloom stated other districts distribute their funds among options one, two and
three to provide as much protection as possible with regard to cash flow.
·
The
District needs two months of cash flow for normal operating expenses. The District can reinvest its funds
according to its cash flow needs.
·
There
was Board consensus for accounting to invest and diversify District funds
according to options one and three as well as the cash flow reports
provided.
·
Mr.
Cassel presented the Board with Resolution 2009-2 amending the general fund
budget for fiscal year 2007. Ms.
Lusk reviewed the adjustments made to the general fund budget to realign
it.
On
MOTION by Mr. Mendelson seconded by Mr. Gray with all in favor Resolution
2009-2, amending the NSID general fund budget for fiscal year 2007, was
adopted.
ii.
Consideration of Conveyance of Right-of-Way to Broward
County
Mr. Lyles discussed the following:
·
This
is a transfer of property improved by the District, which will be turned over to
Broward County for ownership and maintenance.
·
This
property is located on Pine Island Road north of Trails End to Nob Hill
Road.
On
MOTION by Mr. Gray seconded by Mr. Mendelson with all in favor the special
warranty deed conveying the District’s right-of-way to Broward County was
approved.
B.
Attorney
There
being no report, the next item followed.
C.
Engineer
i.
Project Status Report
Ms.
Early reported the following:
·
There
will be a meeting next week at the CH2M Hill office regarding the SFWMD
Memorandum of Understanding. They
have concerns with regard to operation and coordination with CSID. They want to discuss incorporating
permit criteria.
·
NSID
is listed as number six on the list for the SFWMD grant for redoing pump
stations. Staff is waiting for the
state to come back with the amount of money they are going to fund.
·
Centerline
is moving along with Parkland Village.
They still need to pay the District. They are putting documentation together,
which is required by the District.
Any work being done is being paid by them.
FOURTH
ORDER OF BUSINESS
Approval of Financials and Check Registers
Mr.
Cassel reviewed the following:
·
The
financial audit for 2007 is going well.
Most of the field work is complete.
·
Special
Assessments did not start coming in October. The District began receiving them in
November.
·
The
general fund budget is doing well.
·
The
Heron Bay Commons, Parkland Isles and Heron Bay Mitigation budgets are on
target.
·
All
debt services accounts received the developer portions.
·
Water
and Sewer revenues are slightly under the projected budget.
On
MOTION by Mr. Mendelson seconded by Mr. Gray with all in favor the financials
and check registers were approved.
FIFTH
ORDER OF BUSINESS
Adjournment
There
being no further business,
On
MOTION by Mr. Mendelson seconded by Mr. Gray with all in favor the meeting was
adjourned.
David Gray
Steve Mendelson
Secretary
President