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