SEAGROVE COMMUNITY DEVELOPMENT
DISTRICT

ST. LUCIE COUNTY Regular Board Meeting & Public hearing August 30, 2024
2:00 P.M.

Special District Services, Inc.
The Oaks Center 2501A Burns Road
Palm Beach Gardens, FL 33410
www.seagrovecdd.org 561.630.4922 Telephone 877.SDS.4922 Toll Free 561.630.4923 Facsimile

AGENDA SEAGROVE
COMMUNITY DEVELOPMENT DISTRICT
Special District Services, Inc. – Tradition Management Offices 10807 SW Tradition Square
Port St. Lucie, FL 34987
1-877-873-8017 Access #9758310
REGULAR BOARD MEETING & PUBLIC HEARING
August 30, 2024
2:00 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
June 28, 2024 Regular Board Meeting Minutes…	Page 2
Public Hearing
Proof of Publication…	Page 5
Receive Public Comments on Fiscal Year 2024/2025 Final Budget
Consider Resolution No. 2024-03 – Adopting a Fiscal Year 2024/2025 Final Budget…	Page 6
Old Business
New Business
Consider Approval of Agreement for Underwriter Services…	Page 12
Consider Resolution No. 2024-04 – Adopting a Fiscal Year 2024/2025 Meeting Schedule. Page 17
Consider Resolution No. 2024-05 – Goals and Objectives…	Page 19
Consider Appointment of Audit Committee & Approval of Evaluation Criteria…	Page 22
Administrative and Operational Matters
Board Members & Staff Closing Comments
Adjourn

AFFIDAVIT OF PUBLICATION

LocaliQ
Florida
GANNETT

PO Box 631244 Cincinnati, OH 45263-1244

BOARD OF SUPERVISORS' MEETING DATES SEAGROVE COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2023/2024

Seagrove CDD 2501 Bums RD #A
Palm Beach Gardens FL 33410-5207

The Board of Supervisors of the Seagrove Community Development District (the "District) will hold their regular meetings for Fiscal Year 2023/2024 at 2:00 p.m. at Special District Services, Inc., Tradition Management Offices located at 10807 SW Tradition Square, Port St. Lucie, FL 3-4987, as follows:

STATE OF WISCONSIN, COUNTY OF BROWN

Before the undersigned authority personally appeared, who on oath says that he or she is the Legal Advertising Representative of the Indian River Press Journal/St Lucie News Tribune/Stuart News, newspapers published in Indian River/St Lucie/Martin Counties, Florida; that the attached copy of advertisement, being a Legal Ad in the matter of Public Notices, was published on the publicly accessible websites of Indian River/St Lucie/Martin Counties, Florida, or in a newspaper by print in the issues of, on:

10/13/2023

Affiant further says that the website or newspaper complies with all legal requirements for publication in chapter 50, Florida Statutes.
Subscribed and sworn to before me, by the legal clerk, who

is personally known to me, on 10/13/2023

Ar�

Notaiy, State of WI, County of Brown

	37·1--)	

Publication Cost:	$150.92	
Order No:	9389141	
Customer No:	1126722	
PO#:		

My commission expires

# of Copies:
0

THIS IS NOT AN INVOICE!
Please do 110/ use lhis form for payme11/ remilla11ce.

October 27, 2023
November 17, 2023
December 22, 2023
January 26, 2024
February 23, 2024
March 29, 2024
April 26, 2024
May 31, 2024
June 28, 2024
July 26, 2024
August 30, 2024
September 27, 2024
The meetings are open to the public and will be conducted In accordance with the provision of Florlda law for community development districts. The meefings may be confinued to o date, time, and place to be speclfled on the record at the meeting. Copies of the Agendas for any of the meetings may be obtained from the District's	website	at www.seagrovecdd.org or by contacting the District Manager at 1-877-737-4922 five (5) days prior to the date of the particular mee1ing.
There may be occasions when one or more Supervisors or staff will participate by telephone. Pursuant
to provisions of the Americans with Dlsabilities Act, any person requiring special accommodations at this meeting because of a disability or physical impairment should contact the District Office at
(561) 630- 922 at least 48 hours prior to the meeting. If you are hearing or speech impaired, please contact the Florido Relay Service by dialing 7-1- 1, or 1-800-955·8771 (TTY)/ 1-800-955-
8770 (Voice), for aid in contacting the District Office.
Any person who decides to appeal any decision made at the meeting with respect to any matter considered at the meeting is advised that person wll I need a record of the proceedings and that accordingly, the person may need to ensure that a verbatim record of the proceedings is made, includlng the testimony and evidence upon which such appeal is to be based.
Meetings may be cancelled from time to time without advertised notice.
District Manager
SEAGROVE	COMMUNITY DEVELOPMENT DISTRICT
www.seagrovecdd.org
Publish:	October	13,	2023
TCN9JB9141

KAITLYN FELTY
Notary Public State of Wisconsin

Page 1 of 1

Page 1

SEAGROVE COMMUNITY DEVELOPMENT DISTRICT REGULAR BOARD MEETING
JUNE 28, 2024

CALL TO ORDER
District Manager Frank Sakuma called the June 28, 2024, Regular Board Meeting of the Seagrove Community Development District (the “District”) to order at 2:11 p.m. at the offices located at 10807 SW Tradition Square, Port St. Lucie, Florida 34987.

PROOF OF PUBLICATION
Mr. Sakuma presented proof of publication that Notice of the Regular Meeting had been published in the St. Lucie News Tribune on October 13, 2023, as legally required.

ESTABLISH QUORUM
A quorum was established with the presence of the following Board Members and it was in order to proceed:

Vice Chairman	Chris Cutler	Present	
Supervisor	Matthew Pisciotta	Present	
Supervisor	Jared Shaver	Present	

Staff present included:

District Manager	Frank Sakuma	Special District Services, Inc.	
District Manager	Andrew Karmeris (via phone)	Special District Services, Inc.	
District Counsel	Ginger Wald (via phone)	Billing, Cochran	
District Engineer	Tim Foster (via phone)	Caulfield & Wheeler	
Bond Counsel	Stephen Sanford (via phone)	Greenberg Traurig, P.A.	

ADDITIONS OR DELETIONS TO 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

May 31, 2024 Regular Board Meeting

A motion was made by Mr. Cutler, seconded by Mr. Pisciotta and passed unanimously approving the minutes of the May 31, 2024 Regular Board Meeting, as presented.

OLD BUSINESS

There was no old business to address.

NEW BUSINESS
Consider Approval of Engagement Letter for Trustee
A motion was made by Mr. Cutler, seconded by Mr. Pisciotta and passed unanimously approving the engagement letter from US Bank Global Corporate Trust Services, as presented.

Consider Approval of Preliminary First Supplemental Special Assessment Methodology Report
A motion was made by Mr. Shaver, seconded by Mr. Cutler and passed unanimously approving the Preliminary First Supplemental Special Assessment Methodology Report in draft substantial final form, as presented.

Consider Resolution No. 2024-02 – Delegation Resolution
Mr. Sakuma presented Resolution No. 2024-02, entitled:
RESOLUTION NO. 2024-02

A RESOLUTION OF THE BOARD OF SUPERVISORS (THE “BOARD”) OF THE SEAGROVE COMMUNITY DEVELOPMENT DISTRICT (THE “DISTRICT”) AUTHORIZING THE ISSUANCE OF NOT EXCEEDING
$16,000,000 SEAGROVE COMMUNITY DEVELOPMENT DISTRICT SPECIAL ASSESSMENT BONDS, SERIES 2024 (THE “2024 BONDS”) TO FINANCE CERTAIN PUBLIC INFRASTRUCTURE WITHIN THE DISTRICT; DETERMINING THE NEED FOR A NEGOTIATED LIMITED OFFERING OF THE 2024 BONDS AND PROVIDING FOR A DELEGATED AWARD OF SUCH BONDS; APPOINTING THE UNDERWRITER FOR THE LIMITED OFFERING OF THE 2024 BONDS; APPROVING THE FORM OF AND AUTHORIZING THE EXECUTION AND DELIVERY OF A BOND PURCHASE CONTRACT WITH RESPECT TO THE 2024 BONDS; APPROVING THE USE OF THAT CERTAIN MASTER TRUST INDENTURE PREVIOUSLY APPROVED BY THE BOARD WITH RESPECT TO THE 2024 BONDS; APPROVING THE FORM OF AND AUTHORIZING THE EXECUTION AND DELIVERY OF A FIRST SUPPLEMENTAL TRUST INDENTURE GOVERNING THE 2024 BONDS; APPROVING THE FORM OF AND AUTHORIZING THE DISTRIBUTION OF A PRELIMINARY LIMITED OFFERING MEMORANDUM; APPROVING THE EXECUTION AND DELIVERY OF A FINAL LIMITED OFFERING MEMORANDUM; APPROVING THE FORM OF AND AUTHORIZING THE EXECUTION OF A CONTINUING DISCLOSURE AGREEMENT, AND APPOINTING A DISSEMINATION AGENT; APPROVING THE APPLICATION OF BOND PROCEEDS; AUTHORIZING CERTAIN MODIFICATIONS TO THE ASSESSMENT METHODOLOGY REPORT AND ENGINEER’S REPORT;

PROVIDING FOR THE REGISTRATION OF THE 2024 BONDS PURSUANT TO THE DTC BOOK-ENTRY ONLY SYSTEM; AUTHORIZING THE PROPER OFFICIALS TO DO ALL THINGS DEEMED NECESSARY IN CONNECTION WITH THE ISSUANCE, SALE AND DELIVERY OF THE 2024 BONDS; AND PROVIDING FOR SEVERABILITY, CONFLICTS AND AN EFFECTIVE DATE.
Bound Counsel, Stephen Sanford, explained the purpose and elements of the resolution. A motion was made by Mr. Cutler, seconded by Mr. Shaver and passed unanimously adopting Resolution No. 2024-02, as presented.
Consider Approval of Ancillary Documents
The following ancillary documents were presented to the Board for consideration:

Acquisition Agreement;
Collateral Assignment and Assumption of Development Rights Relating to the Development;
Completion Agreement;
Declaration of Consent to Jurisdiction;
Lien of Record of the Seagrove CDD; and
True-Up Agreement.

District Counsel, Ginger Wald, explained the purpose and elements of the ancillary documents. A motion was made by Mr. Shaver, seconded by Mr. Pisciotta and passed unanimously approving all six ancillary documents in substantially final form, as presented.
ADMINISTRATIVE MATTERS
Mr. Sakuma reminded the Board of the need to file their Form 1 by July 1st, if they had not already done so. Additionally, he advised they would need to complete four hours of ethics training before December 31st.
BOARD MEMBERS COMMENTS
There were no further Board Member comments.
ADJOURN

There being no further business to come before the Board, the Regular Board Meeting was adjourned at 2:31 p.m. by Vice Chairman Cutler. There were no objections.

Secretary	Chairperson

AFFIDAVIT OF PUBLICATION

LocaliQ
Florida
GANNETT

PO Box 631244 Cincinnati, OH 45263-1244

SEAGROVE COMMUNITY DEVELOPMENT DISTRICT

Laura Archer Seagrove CDD 2501 Burns RD #A
Palm Beach Gardens FL 33410-5207

STATE OF WISCONSIN, COUNTY OF BROWN

Before the undersigned authority personally appeared, who on oath says that he or she is the Legal Advertising Representative of the Indian River Press Journal/St Lucie News Tribune/Stuart News, newspapers published in Indian River/St Lucie/Martin Counties, Florida; that the attached copy of advertisement, being a Legal Ad in the matter of Public Notices, was published on the publicly accessible websites of Indian River/St Lucie/Martin Counties, Florida, or in a newspaper by print in the issues of, on:

08/09/2024,08/16/2024

Affiant further says that the website or newspaper complies with all legal requirements for publication in chapter 50, Florida Statutes.

Subscribed and sworn to before me, by the legal clerk, who is personally known to me, on 08

Legal

I

Notary, Sia c of WI, County of Brown
	:!f	·'l,

Publication Cost:	$292.08	
Tax Amount:	$0.00	
Payment Cost:	$292.08	
Order No:	10453402	
Customer No:	1126722	
PO#:		

My commission expires

# of Copies:
1

THIS IS NOT AN INVOICE!
Please do not use thisjormjorpayment remillance.

NOTICE OF PUBLIC HEARING TO CONSIDER THE ADOPTION OF THE FISCAL YEAR 20241'2025 BUDGET; AND NOTICE OF REGULAR BOARD OF SUPERVI- SORS' MEETING.
TM Boord of SIJr>ervlsars C1'8oard''l or the St!'ogrovu C01nmu1111v Devel• opmcn1 0istrld !"Dlstrlci") will hOld a public heorlM □11 Ao11ust 30, 2074, at 2.:0 p,m. at SJ><!CIQI Dls!,rftl Services, Inc., Trad\llcn Manage­ ment Offices lacotod al 10807 SW Tradition Square, Port St. Lucie, Florida 34987, tor the purpose of hearing comments and obiections on the adoption of the budget of the District for the fiscal year beginning October 1, 2024, through September JO, 2025, ("Fiscal Year 2024/2025").
A regular board meeting of the
District will also be held at that time where the Board may consider any other business that may prop­ erly come before it.
A copy of the agenda and proposed budget may be obtained at the offices of the District Manager, 2501A Burns Road, Palm Beach Gardens, Florida 33410, 561-630-4922 ( "District Manager's Office"), during normal business hours.
The public hearing and meeting are open to the public and will be conducted In accordance with the provisions of Florida law. The public hearing and meeting may be contin­ ued to a date, time, and place to be specified on the record at the meet­ ing, There may be occasions when Board Supervisors or District Staff may participate by speaker tele­ phone.
Any person requiring special accom­ modations at these meetings because of a disability or physical impairment should contact the District Manager's Office at least forty-eight (48) hours prior to the meetings, If you are hearing or speech impaired, please contact the Florida Relay Service by dialing 7-1- 1, or l·B00-955-8771 (TTY)/ 1-800-955-
0770 (Voice), for aid in contacting the District Manager's Office.
Each person who decides to appeal any decision made by the Board with respect to any matter consid­ ered at the public hearing or meet­ ing is advised that person will need a record of proceedings and that accordingly, the person may need to ensure that a verbatim record of the proceedings Is made, including the testimony and evidence upon which such appeal is to be based.
District Manager
SEAGROVE	COMMUNITY DEVELOPMENT DISTRICT
QCPYl!rdd 0CP; Pub: Auguts 9 & 16, 2024 TCN10453402

KAITLYN FELTY	.....
Notary PubIic State of Wisconsin

Page 1 of

RESOLUTION NO. 2024-03

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE SEAGROVE COMMUNITY DEVELOPMENT DISTRICT APPROVING AND ADOPTING A FISCAL YEAR 2024/2025 FINAL BUDGET PURSUANT TO CHAPTER 190, FLORIDA STATUTES; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the Board of Supervisors (the “Board”) of the Seagrove Community Development District (“District”) has prepared a Proposed Operating Fund Budget for Fiscal Year 2024/2025, and the Board is empowered to provide a funding source to operate the District and to impose special assessments upon the properties within the District, as required; and

WHEREAS, the District has held a duly advertised Public Hearing to receive public comments on the Proposed Operating Fund Budget, has considered and adopted the Fiscal Year 2024/2025 Operating Fund Budget; and is now authorized to levy non-ad valorem assessments upon the assessable properties within the District.

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

Section 1.  The Operating Fund Budget for Fiscal Year 2024/2025 attached hereto as Exhibit “A” is accepted, approved and adopted.

Section 2.  The Secretary and/or 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 30th day of August, 2024.

ATTEST:	SEAGROVE COMMUNITY DEVELOPMENT DISTRICT

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

Seagrove
Community Development District

Final Budget For Fiscal Year 2024/2025
October 1, 2024 - September 30, 2025

CONTENTS

FINAL BUDGET

DETAILED FINAL BUDGET

DETAILED FINAL DEBT SERVICE FUND BUDGET

FINAL BUDGET
SEAGROVE COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2024/2025
OCTOBER 1, 2024 - SEPTEMBER 30, 2025

REVENUES	
FISCAL YEAR 2024/2025
BUDGET	
O&M Assessments	0	
Developer Contribution - O&M	103,035	
Developer Contribution - Debt	1,038,883	
Debt Assessments	0	
Interest Income	240	
		
TOTAL REVENUES	$	1,142,158	
		
EXPENDITURES		
Administrative Expenditures		
Supervisor Fees	0	
Management	36,000	
Legal	30,000	
Assessment Roll	7,500	
Audit Fees	4,000	
Arbitrage Rebate Fee	650	
Insurance	5,500	
Legal Advertisements	6,000	
Miscellaneous	1,500	
Postage	200	
Office Supplies	2,250	
Dues & Subscriptions	175	
Trustee Fees	4,500	
Continuing Disclosure Fee	1,000	
		
Total Administrative Expenditures	$	99,275	
		
Maintenance Expenditures		
Engineering/Inspections	2,000	
Miscellaneous Maintenance	2,000	
Field Operations	0	
		
Total Maintenance Expenditures	$	4,000	
		
TOTAL EXPENDITURES	$	103,275	
		
REVENUES LESS EXPENDITURES	$	1,038,883	
		
Bond Payments	(1,038,883)	
		
BALANCE	$	-	
		
County Appraiser & Tax Collector Fee	0	
Discounts For Early Payments	0	
		
EXCESS/ (SHORTFALL)	$	-	

DETAILED FINAL BUDGET
SEAGROVE COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2024/2025
OCTOBER 1, 2024 - SEPTEMBER 30, 2025

REVENUES	
FISCAL YEAR 2022/2023 ACTUAL	
FISCAL YEAR 2023/2024 BUDGET	
FISCAL YEAR 2024/2025 BUDGET	

COMMENTS	
O&M Assessments	0	0	0		
Developer Contribution - O&M	74,375	103,025	103,035	Developer Contribution - O&M	
Developer Contribution - Debt	74,375	0	1,038,833	Developer Contribution - Debt	
Debt Assessments	0	0	0		
Interest Income	354	0	240	Projected At $20 Per Month	
					
TOTAL REVENUES	$	149,104	$	103,025	$	1,142,108		
					
EXPENDITURES					
Administrative Expenditures					
Supervisor Fees	0	0	0		
Management	21,000	36,000	36,000	$3,000 X 12 Months	
Legal	9,933	30,000	30,000		
Assessment Roll	0	7,500	7,500	Will Commence In Fiscal Year Following Issuing Of Bond	
Audit Fees	0	4,000	4,000		
Arbitrage Rebate Fee	0	650	650	Will Commence In Fiscal Year Following Issuing Of Bond	
Insurance	2,534	6,000	5,500	FY 23/24 Expenditure Was $5,000	
Legal Advertisements	5,223	5,000	6,000		
Miscellaneous	5,382	1,500	1,500		
Postage	127	200	200		
Office Supplies	542	2,500	2,250		
Dues & Subscriptions	125	175	175	Annual Fee Due Department Of Economic Opportunity	
Trustee Fees	0	4,500	4,500	Will Commence In Fiscal Year Following Issuing Of Bond	
Continuing Disclosure Fee	0	1,000	1,000	Will Commence In Fiscal Year Following Issuing Of Bond	
					
Total Administrative Expenditures	$	44,866	$	99,025	$	99,275		
					
Maintenance Expenditures					
Engineering/Inspections	5,493	2,000	2,000	Engineers Report To Be Included In Bond Cost Of Issuance	
Miscellaneous Maintenance	0	2,000	2,000		
Field Operations	0	0	0		
					
Total Maintenance Expenditures	$	5,493	$	4,000	$	4,000		
					
TOTAL EXPENDITURES	$	50,359	$	103,025	$	103,275		
					
REVENUES LESS EXPENDITURES	$	98,745	$	-	$	1,038,833		
					
Bond Payments	0	0	(1,038,833)	2025 Principal & Interest Payments	
					
BALANCE	$	98,745	$	-	$	-		
					
County Appraiser & Tax Collector Fee	0	0	0		
Discounts For Early Payments	0	0	0		
					
EXCESS/ (SHORTFALL)	$	98,745	$	-	$	-		

DETAILED FINAL DEBT SERVICE FUND BUDGET SEAGROVE COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2024/2025
OCTOBER 1, 2024 - SEPTEMBER 30, 2025

REVENUES	

FISCAL YEAR

2022/2023

ACTUAL	

FISCAL YEAR

2023/2024

BUDGET	

FISCAL YEAR

2024/2025

BUDGET	

COMMENTS	

Interest Income	
0	
0	
0	
Projected Interest For 2024/2025	

Developer Contribution	
0	
0	
1,038,833	

2025 Payments Are Developer Funded	

NAV Tax Collection	
0	
0	
0	
Maximum Debt Service Collection	

Total Revenues	
$	-	
$	-	
$	1,038,833		

EXPENDITURES					

Principal Payments	
0	
0	
250,000	
Principal Payment Due In 2025	

Interest Payments	
0	
0	
788,833	
Interest Payments Due In 2025	

Bond Redemption	
0	
0	
0	
Estimated Excess Debt Collections	

Total Expenditures	
$	-	
$	-	
$	1,038,833		

Excess/ (Shortfall)	

$	-	

$	-	

$	-		

Notes
Capitalized Interest Set-Up Through December 2024.
2025 Principal & Interest Payments To Be Developer Funded.

Series 2024 Bond Information

Original Par Amount =	$16,005,000	Annual Principal Payments Due =	June 15th	
Interest Rate =	4.25% - 5.20%	Annual Interest Payments Due =	June 15th & December 15th	
Issue Date =	August 2024			
Maturity Date =

Par Amount As Of 1/1/24 =	June 2054

$8,065,000			

fnlillbonds
Municipal Bond Specialists
20660 W. Dixie Highway North Miami Beach, FL 33180
F bruary 2. 2023

Seagrove Community Development District c/o Special District Services (nc.
_501A Burns Road
Palm Beach, Florida 33410 Attn: Mr. Andrew Kanneris

Re:	Agl'eement for Underwriter Ser ices & Rule G-17 Disclosrn-e Dear	r. Kartneris:
Thank you for the opportanity to work with the Seagrove Communi	Development District (the "Issuer'') Tegarding the underwriting of the lssaer s Special Assessment Bonds, Series 2023 and future series of bonds (the
..Bonds'). The IssLter and FMSbonds, Inc. ("FMS'') solely in its capacity as underwriter. agree to the proposed tem1s set fo1ih herein in Attachment l. By executing this lener both parties agree to the terms set forth herein.
FMS's role is limited to act as Underwriter within the Scope of Services set forth herein as Attachment I, and not as a financial ad -isor or municipal advisor. FMS is not acting as a municipal advisor for the developer in connection with the subject transaction. Any information that FMS has previously provided was solely for discu sion purposes in anticipation of being retained as your underwriter. Attachment II, attached hereto, contains the Municipal Securities Rulemaking Board (MSRB) Rule G-17 Disclosure as set forth in the amended and restated MSRB otice 2019-20 (November 8. 2019 1 (the ·'N tice"). We ask that you provide this letter to the appropriate person at the Issuer.
We look forward to working with you.

Yours truly,

By:

Agreed to and accepted as of the date first written above:
SEAGROVE COMMUNITY DEVELOPMENT DISTRICT

B:			 Name: 		 Title: 			

1 Interpretive Notice Concerning the Application of MSRB Rule G-17 to underwriters and Underwriters of Municipal Securities (effective March 31, 2021 ).

ATTACHMENT I

Section 1	Scope of Sen'ices of FMS: FMS proposes that its duties as Underwriter shall be limited to the following:
1, To provide ad ice to the lssuer on the str'ucture timing and terms of the Bonds;
To coordinate the financing process;
To conduct due diligence;
To assist in the preparation of an offering memorandum;
To review th assessment methodology and Bond documents;
To market and offer Bonds to investors.
Section 2	Terms and Conditions:
	Underwriter Fee C' Underwriting Fee'} FMS shall act as sole lead underwriter. The Underwriting Fee to FMS for acting as Underwriter shall be 2% of the par amount of any Bonds issued. The Underwriting Fee shall be due and payable only upon the closing of the Bonds. The Underwriting Fee may be modified pursuant to a bond delegation or award resolution approved by the Board and consented to by the Und rwri er.
	Price and interest Rates: The offering price and interest rates are expected to be based on recent comparable trnnsactions in the market. if any. FMS and the Issuer will jointly determine the offering price and interest rates immediately prior to the start of the order eriod, based on marl et conditions then prevailing.
	Bond Purchase Agreement. The obligations of the Underv riter and those of the Issuer would be subject to the satisfactory completion of due diligence and to the customary representations wan·anties, covenants, conditions, including provision respecting its termination contained in the fonn of a bond pw-chase agreement FMS will prepare and as generally used in connection with the offering of Bonds for this type of transaction.
Costs of Issuance. The Issuer shall be responsible for the payment of all expenses relating to the offering, including but not limited to, attorney fees. consultant fees, costs
\lSSociated with preparing offering documents, if any, the purchase agreement. regulatory fees and filing fees and expenses for qualification under blue sky laws designated by FMS and approved by the Issuer.
Assumptions. The proposed terms and statements of intention set forth in this attachment are based on infonnation currently available to FM about the Issuer and the market for special assessment bonds similar to the Bonds and the assumptions that:

the financial condition and history of the project shall be substantially as understood, and the financial information for the relevant and appropriate period ended to be included in the final offering memorandum will not vary materially from those set forth in the material furnished to FMS;
no adver e developments shall occur which materially and adversely affect the underlying security and financial condition of the Issuer and the primaiy landowner and developer·
the offering memorandum will comply with all applicable laws and regulations·
there will not be an	unanticipated substantial delays on the part of the ls uer in completing the transaction· and
e) all conditions of the Underwriter to purchase Bonds will be included in the bond purchase agreement and conditions shall be satisfied or waived, in the sole di cretion of the Underwriter.
	Information. The Issuer agrees to reasonably and actively assist FMS in achieving an underwriting that is satisfactory to FMS and the Issuer. To assist FMS in the underwriting the Issuer will (a provide and cause lhe Issuer s staff and its professionals to provide FMS upon request witb all information reasonably deemed necessary by FMS to complete the underwritings, included but not limited to, information and evaluations prepared by the Issuer and its advisors and the p1imary lai1downer and developer; and (b otherwise assist FMS in its underwriting efforts.
Tenn of Engagement. The tern, of our engagement shall commence as of the date the covering letter is executed by the Issuer and continue jn full force and effect unless terminated by either party. fn event of termination by the Issuer without cause. FMS
·hall be entitled to recover its reasonab1e out of pocket expenses incurred up to the date of termination.
No Commitment. otwithstanding the foregoing nothing herein shall constih1te an agreement to pro ide a firm commitment, underwriting or placement or arrangement of any securities by FMS or its affiliates. Any such commitment placement or anangement shall only be made a part of an underwriting agreement or purchase agreement at the time of the sale of the Bonds.
The engagement contemplated hereby is solely for the benefit of the Issuer and FMS and their respective uccessors assigns and representatives and no other person or entity shall acquir or have any right under or by virtue hereof.
This engagement contains the entire understanding of the parties telating to the transactions cont mplated hereby and supersedes all prior agreements, understandings nd negotiations with respect thereto.
No Financial Advisor. FMS's role is limited to that of an Underwriter and not a financial advisor or municipal advisor.

ATTACHMENT I1

MSRB Rule G-17 Disclosure --- The fssuer recognizes that FMSbonds Inc. wjll serve as the underwriter (the "Underwriter' ) and not as a fmancial advisor or municipal advisor in connection with the issuance of the bonds relating to this financing (herein, the 'Bonds" , As part of om services as Underwriter. FMSbonds, lnc. may provide advice concerning the structure timing, terms, and other similar matters concenting the issuance of the Bonds. Any such advice if given, will be pro ided by FMSbonds, fnc. as Underwriter and not as your financial advisor or municipal advisor in this transaction. The Is uer may choose to engage the services of a municipal advisor with a fiduciary obligation to represent the ls uer's interest in trus transaction.
Pursuant to the Notice, we are required by the MSRB to advise you that:

MSRB Rule G-17 requires a broker to deal fairly at aU limes ith both municipal issuers and investors.
	The Underwriter's primary role is to purchas the Bonds in an a1m's-length commercial transaction with the Issuer. As such, the Underwriter has financial and other interests that differ from those of the Issuer.
	Unlike a municipal advisor, the Underwriter does not have a fiduciary duty to the Issuer under th federal securities laws and is, th refore, not required by federal law to act in the best interests of the lssuer without regard to its own financial or other interests.
The Underwriter has a duty to purchase the Bonds :from the Issuer at a fair and reasonable price, but must balance that duty with its duty to use its best efforts to resell the Bonds with purchases at prices that are fair and reasonable.
The Bonds may be sold into a trust eith r at the time of issuance or subsequent to issuance. In such instance FMSbonds, lnc., not in its capacity of Underwriter, may participate in such trnst a1Ta11.gement by performing certain administrative roles. Any compensation paid to FMSbonds, lnc. would not be derived from the proc eds of the Bonds or from the revenues pledged therelmder.
The Underwriter will be compensated in accordance with the terms of a bond purchase contract by and between the Underwriter and Issuer. Payment or receipt of the Underwriter s compensation will be contingent on the closing of the tra11saction. While this fonn of compensation is customary in the mw1icipal secw·ities market it presents a conflict of interest since an Underwriter may have an incentive to recommend a transaction that is unnecessary or to recommend that the size of a transaction be larger than is necessary. The Issuer acknowledges no such recommendation has been made by the Underwriter.
Please note nothing in this letter-is an expressed or an implied commitment by us to provide financing or to place or pw·chase the Bonds. Any such commitment shaJl only be set fo11h in a bond pW"chase contract or other appropriate form of agreement for tJ1e type of transaction undertaken by you.

Fu1ther, our participation in any transaction (contemplated herein or otherwise) remains subject to among other things, the e ·ecution of a bond purchase contract (or other appropriate form of agreement) further internal review and approvals. satisfactory completion of our due diligence investigation and market conditions.
FMSbonds, Inc. is acting independently in seeking to act as Underwriter in the transaction contemplated herein and shall not be deemed for any purpose to be acting as an agent joint venturer or part11er of any other principal in olved in the proposed financing. FMSbonds, lnc. assumes no responsibility, express or implied, for any actions or omissions of, or the perfom1ance of services by, the purchasers or any oth r brokers in connection with the transaction contemplated herein or otherwise.
lf you or any other representative of the Issuer have any questions or concerns about these disclosures please make those questions or concerns known inunediately to the undersigned. ln addition, you shoLtld consult with your own financial, municipal, legal accounting, tax and other advisors. as applicable, to the extent deemed appropriate.
The MSRB requires that we seek the Issuer's acknowledgement that it has received this letier. We request that the person at the Issuer who ha the authority to bind the Issuer 01erein "Authorized Issuer Representative") acknowledge this letter as soon as practicable and by nature of such acknowledgment that such person is not a party to any conflict of interest relating to the subject transaction. [f ow- w1derstanding is incon-ect, please notify the undersigned immediately.
Depending on the structure of the transaction that the Issuer decides to pursue, or if additional actual or perceived material conflicts are identified. we may be required to send you additional disclosures. At that time. we also will seek your acknowledgement of receipt of any such additional disclosures.
We look fonvard to working with	ou in connection with tbe issuance of the Bonds, and we appreciate the oppoltlmity to assist you in this transaction. Thank you.

11)

FMSbonds lnc.

By	(/	
Name: Jonf ije r
Title:	Ex cutive•	irector

RESOLUTION NO. 2024-04

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE SEAGROVE COMMUNITY DEVELOPMENT DISTRICT, ESTABLISHING A REGULAR MEETING SCHEDULE FOR THE FISCAL YEAR 2024/2025 AND SETTING THE TIME AND LOCATION OF SAID DISTRICT MEETINGS; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, it is necessary for the Seagrove Community Development District (the "District") to establish a regular meeting schedule for fiscal year 2024/2025; and

WHEREAS, the Board of Supervisors of the District has set a regular meeting schedule, location and time for District meetings for fiscal year 2024/2025 which is attached hereto and made a part hereof as Exhibit “A”.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE SEAGROVE COMMUNITY DEVELOPMENT DISTRICT, ST. LUCIE COUNTY, FLORIDA, AS FOLLOWS:

Section 1.   The above recitals are hereby adopted.

Section 2.  The regular meeting schedule, time and location for meetings for fiscal year 2024/2025 which is attached hereto as Exhibit “A” is hereby adopted and authorized to be published.
PASSED, ADOPTED and EFFECTIVE this 30th day of August, 2024.

ATTEST:	SEAGROVE COMMUNITY DEVELOPMENT DISTRICT

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

BOARD OF SUPERVISORS’ MEETING DATES SEAGROVE COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2024/2025

The Board of Supervisors of the Seagrove Community Development District (the “District) will hold their regular meetings for Fiscal Year 2024/2025 at 2:00 p.m. at Special District Services, Inc., Tradition Management Offices located at 10807 SW Tradition Square, Port St. Lucie, FL 34987, as follows:
October 25, 2024
November 29, 2024
December 20, 2024
January 31, 2025
February 28, 2025
March 28, 2025
April 25, 2025
May 30, 2025
June 27, 2025
July 25, 2025
August 29, 2025
September 26, 2025

The meetings are open to the public and will be conducted in accordance with the provision of Florida law for community development districts. The meetings may be continued to a date, time, and place to be specified on the record at the meeting. Copies of the Agendas for any of the meetings may be obtained from the District’s website at www.seagrovecdd.org or by contacting the District Manager at 1-877-737-4922 five (5) days prior to the date of the particular meeting.

There may be occasions when one or more Supervisors or staff will participate by telephone. Pursuant to provisions of the Americans with Disabilities Act, any person requiring special accommodations at this meeting because of a disability or physical impairment should contact the District Office at (561) 630-4922 at least 48 hours prior to the meeting. If you are hearing or speech impaired, please contact the Florida Relay Service by dialing 7-1-1, or 1-800-955-8771 (TTY) / 1-800-955-8770 (Voice), for aid in contacting the District Office.

Any person who decides to appeal any decision made at the meeting with respect to any matter considered at the meeting is advised that person will need a record of the proceedings and that accordingly, the person may need to ensure that a verbatim record of the proceedings is made, including the testimony and evidence upon which such appeal is to be based.

Meetings may be cancelled from time to time without advertised notice. District Manager
SEAGROVE COMMUNITY DEVELOPMENT DISTRICT
www.seagrovecdd.org
PUBLISH: ST. LUCIE NEWS TRIBUNE	10/13/23

RESOLUTION 2024-05

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE SEAGROVE COMMUNITY DEVELOPMENT DISTRICT ADOPTING GOALS, OBJECTIVES, AND PERFORMANCE MEASURES AND STANDARDS; PROVIDING A SEVERABILITY CLAUSE; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the Seagrove Community Development District (the “District”) is a local unit of special-purpose government organized and existing under and pursuant to Chapters 189 and 190, Florida Statutes, as amended; and

WHEREAS, effective July 1, 2024, the Florida Legislature adopted House Bill 7013, codified as Chapter 2024-136, Laws of Florida (“HB 7013”) and creating Section 189.0694, Florida Statutes; and

WHEREAS, pursuant to HB 7013 and Section 189.0694, Florida Statutes, beginning October 1, 2024, the District shall establish goals and objectives for the District and create performance measures and standards to evaluate the District’s achievement of those goals and objectives; and

WHEREAS, the District Manager has prepared the attached goals, objectives, and performance measures and standards and presented them to the Board of the District; and

WHEREAS, the District’s Board of Supervisors (“Board”) finds that it is in the best interests of the District to adopt by resolution the attached goals, objectives and performance measures and standards.

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

SECTION 1. The recitals so stated are true and correct and by this reference are incorporated into and form a material part of this Resolution.
SECTION 2. The District Board of Supervisors hereby adopts the goals, objectives and performance measures and standards as provided in Exhibit A. The District Manager shall take all actions to comply with Section 189.0694, Florida Statutes, and shall prepare an annual report regarding the District’s success or failure in achieving the adopted goals and objectives for consideration by the Board of the District.

SECTION 3. If any provision of this resolution is held to be illegal or invalid, the other provisions shall remain in full force and effect.

SECTION 4. This resolution shall become effective upon its passage and shall remain in effect unless rescinded or repealed.

PASSED AND ADOPTED this 30th day of August, 2024.

ATTEST:	SEAGROVE COMMUNITY DEVELOPMENT DISTRICT

Secretary/Assistant Secretary	Chairman, Board of Supervisors

Exhibit A: Performance Measures/Standards and Annual Reporting

Exhibit A

Program/Activity:	District Administration
Goal:	Remain compliant with Florida Law for all district meetings
Objectives:
Notice all District regular, special, and public hearing meetings
Conduct all post-meeting activities
District records retained in compliance with Florida Sunshine Laws
Performance Measures:
All Meetings publicly noticed as required (yes/no)
Meeting minutes and post-meeting action completed (yes/no)
District records retained as required by law (yes/no)

Program/Activity:	District Finance
Goal:	Remain Compliant with Florida Law for all district financing activities
Objectives:
District adopted fiscal year budget
District amended budget at end of fiscal year
Process all District finance accounts receivable and payable
Support District annual financial audit activities
Performance Measures:
District adopted fiscal year budget (yes/no)
District amended budget at end of fiscal year (yes/no)
District accounts receivable/payable processed for the year (yes/no)
“No findings” for annual financial audit (yes/no)
If “yes” explain

Program/Activity:	District Operations
Goal:	Insure, Operate and Maintain District owned Infrastructure & assets
Objectives:
Annual renewal of District insurance policy(s)
Contracted Services for District operations in effect
Compliance with all required permits
Performance Measures:
District insurance renewed and in force (yes/no)
Contracted Services in force for all District operations (yes/no)
Permits in compliance (yes/no)

SEAGROVE COMMUNITY DEVELOPMENT DISTRICT AUDITOR SELECTION
EVALUATION CRITERIA

Ability of Personnel (10 Points).

(E.g., geographic locations of the firm’s headquarters or permanent office in relation to the project; capabilities and experience of key personnel; evaluation of existing work load; proposed staffing levels, etc.)

Proposer’s Experience (10 Points).

(E.g. past record and experience of the Proposer in similar projects; volume of work previously performed by the firm; past performance for other Community Development Districts in other contracts; character, integrity, reputation of Proposer, etc.)

Understanding of Scope of Work (10 Points).

Extent to which the proposal demonstrates an understanding of the District’s needs for the services requested.
Ability to Furnish the Required Services (10 Points).
Present ability to manage this project and the extent to which the proposal demonstrates the adequacy of Proposer’s financial resources and stability as a business entity necessary to complete the services required (E.g. the existence of any natural disaster plan for business operations).

Price (10 Points).

Points will be awarded based upon the price bid for the rendering of the services and reasonableness of the price to the services.

SEAGROVE COMMUNITY DEVELOPMENT DISTRICT REQUEST FOR PROPOSALS

District Auditing Services for Fiscal Years 2023/2024, 2024/2025 and 2025/2026 With Two Year Option (2026/2027 and 2027/2028)
St. Lucie County, Florida

SEAGROVE COMMUNITY DEVELOPMENT DISTRICT AUDITOR SELECTION INSTRUCTIONS TO PROPOSERS

SECTION 1. DUE DATE. Sealed proposals must be received no later than October 24, 2024 at 4:00 p.m., at the offices of District Manager, located at 2501A Burns Road, Palm Beach Gardens, Florida 33410.

SECTION 2. FAMILIARITY WITH THE LAW. By submitting a proposal, the Proposer is affirming its familiarity and understanding with all federal, state, and local laws, ordinances, rules and regulations that in any manner affect the work. Ignorance on the part of the Proposer will in no way relieve it from responsibility to perform the work covered by the proposal in compliance with all such laws, ordinances and regulations.

SECTION 3. QUALIFICATIONS OF PROPOSER. The contract, if awarded, will only be awarded to a responsible Proposer who is qualified by experience and licensing to do the work specified herein. The Proposer shall submit with its proposal satisfactory evidence of experience in similar work and show that it is fully prepared to complete the work to the satisfaction of the District.
SECTION 4. REJECTION OF PROPOSAL. Proposers shall be disqualified and their proposals rejected if the District has reason to believe that collusion may exist among the Proposers, the Proposer has defaulted on any previous contract or is in arrears on any previous or existing contract, or for failure to demonstrate proper licensure and business organization.

SECTION 5. SUBMISSION OF PROPOSAL. Submit one (1) copy of the Proposal Documents and one digital copy, and other requested attachments at the time and place indicated herein, which shall be enclosed in an opaque sealed envelope, marked with the title “Auditing Services – Seagrove Community Development District” on the face of it.

SECTION 6.  MODIFICATION AND WITHDRAWAL.  Proposals may be
modified or withdrawn by an appropriate document duly executed and delivered to the place where proposals are to be submitted at any time prior to the time and date the proposals are due. After proposals are opened by the District, no proposal may be withdrawn for a period of ninety (90) days.

SECTION 7. PROPOSAL DOCUMENTS. The proposal documents shall consist of the notice announcing the request for proposals, these instructions, the Evaluation Criteria Sheet and a proposal with all required documentation pursuant to Section 12 of these instructions (the “Proposal Documents”).

SECTION 8. PROPOSAL. In making its proposal, each Proposer represents that it has read and understands the Proposal Documents and that the proposal is made in accordance therewith.

SECTION 9. BASIS OF AWARD/RIGHT TO REJECT. The District reserves the right to reject any and all proposals, make modifications to the work, and waive any informalities or irregularities in proposals as it is deemed in the best interests of the District.

SECTION 10. CONTRACT AWARD. Within fourteen (14) days of receipt of the Notice of Award from the District, the Proposer shall enter into and execute a Contract (engagement letter) with the District.

SECTION 11. LIMITATION OF LIABILITY. Nothing herein shall be construed as or constitute a waiver of District’s limited waiver of liability contained in section 768.28, Florida Statutes, or any other statute or law.

SECTION 12. MISCELLANEOUS. All proposals shall include the following information in addition to any other requirements of the proposal documents.
List position or title of all personnel to perform work on the District audit. Include resumes or each person listed; list years of experience in present position for each party listed and years of related experience.

Describe proposed staffing levels, including resumes with applicable certifications.

Three references from projects of similar size and scope. The Proposer should include information relating to the work it conducted for each reference as well as a name, address and phone number of a contact person.
SECTION 13. PROTESTS. Any protest regarding the Proposal Documents, must be filed in writing, at the offices of the District Manager, within seventy-two (72) hours after receipt of the Request for Proposals and Evaluation Criteria or other contract documents. The formal protest setting forth with particularity the facts and law upon which the protest is based shall be filed within seven (7) calendar days after the initial notice of protest was filed. Failure to timely file a notice of protest or failure to timely file a formal written protest shall constitute a waiver of any right to object or protest with respect to the aforesaid Request for Proposals, Evaluation Criteria, or other contract documents.

SECTION 14. EVALUATION OF PROPOSALS. The criteria to be used in the evaluation are presented in the Evaluation Criteria Sheet, contained within the Proposal Documents.

SECTION 15. REJECTION OF ALL PROPOSALS. The District reserves the right to reject any and all bids, with or without cause, and to waive technical errors and informalities, as determined to be in the best interests of the District.