SEAGROVE COMMUNITY DEVELOPMENT
DISTRICT

ST. LUCIE COUNTY Regular Board Meeting & Public Hearing
MAY 30, 2025
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
1-877-873-8018 Access #7344194
REGULAR BOARD MEETING & PUBLIC HEARING
May 30, 2025
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
March 28, 2025 Regular Board Meeting Minutes…	Page 2
Public Hearing
Proof of Publication…	Page 5
Receive Public Comments on Fiscal Year 2025/2026 Final Budget
Consider Resolution No. 2025-02 – Adopting a Fiscal Year 2023/2024 Final Budget…	Page 6
Old Business
New Business
Consider Resolution No. 2025-03 – Adopting a Fiscal Year 2025/2026 Meeting Schedule. Page 13
Administrative and Operational Matters
Board Members & Staff Closing Comments
Adjourn

AFFIDAVIT OF PUBLICATION

LocaliQ
Florida
GANNETT

PO Box 631244 Cincinnati, OH 45263-1244

BOARO OF SUPERVISORS' MEETING DATES SEAGROVE COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 202412025

Laura Archer Seagrove COD 2501 Bums 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:

10/10/2024

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
me, on 10/10/2024

Legal

1·

Notary, State ofWl, County of Brown
7.7_;,7

My commission expires

Publication Cost:	$152.92		
Tax Amount:	$0.00		
Payment Cost	$152.92		
Order No:	10649601	# of Copies:	
Customer No:	1126722	1	
PO#:			
THIS IS NOT AN INVOICE!
Please do nor u.w 1/iis form for payment remirrance.

The Boord of Supervisors of the Seagrove Communitv Development D;strlct (the "District) will l'lotd their r"'ular meerfn!jlls tor Fiscal Yeor 202Q.Z025 at 2:00 p.m. at Specia• Oisfrict Servkes1 Jnc., Tradition Monage-ment Offices located at 10807 SW Trodit ion Square, Port SI. Lucie, FL 34987, os follows:
OCtob&r 25, 202.t
November 29, 2024
December 20, 202A
Januarv 31, 2025
February 28, 2025
March 28, 2025
April 25, 2025
May 30, 2025
June 27, 2025
J UIY 25, 2025
August 29, 2025
September 26, 2025
T11e meellngs are oi,en ta the Public and wlll be conducted In occordance with the provlslon of Florida law for community develo;,rn-ent districts. The meeting,;; mov be 4;:ontlnued to a dole, i;me, and Place lo be si>e<:lfled on the record at 1he meeting. Copies of !he A�ndos for onv of the meel­ rnsis mav be ob1ained fr.am the Oi.strid1s	v.iebiite	ot
W'NW RSWCPYS:Cdd oro	or	by
contacting the 01!1trict Manag-er at 1-877-737-4922 five (5) dovs prior to the date of the pgrticulgr meeting. There may be occasions when one or more Supervlson or 5faff wi II particiPOte- by telephone. Pursuant ta Provisions of ihe Americans wlth Dlsabililies Act, anv person requir• in,ci sp,edal oc-commodotions 01 1hfs meeting because of  a disabillty or
Phvsi.:ol lmPOirment sl'lollld contacl the District Office at (�l) �m ot least "'8 hours i;:iirior to the meet­ ing. If rw ore heoring or speech
lmPOired, Pleose contact !he Florido Relov service bv di0lln51 7•1•1, or 1• 800-955-8771 (TTY l / 1-800-955-8770
(Voica-)t for aid in contacting the
Dlsfricl Office.
Anv person who decides 10 appeal any decision made o• ttle meeting wl1h r,e$pec:f to ony matter consid� ered 01 the meetinQ is advised that pe-r$Qn wll I n,e,ecl a rec:ord of the proceedii1gs o.nd ttiot o<:cording-lv, the �rson mav need to ensure that a verbatim record of the PtOCeed· illSas is mcide� including the fQti­ mony and evidence uoon which -such OPP<tOI is to be bosed.
Meetinsas mav be concelled from
time to time wi1hout advertised
no-rice.
District Man051er
SEAGROVE	COMMUNITY
DEVELOPMENT DISTRICT
www.seourovecdd.org Pub: Oclobet 10, 2024 TCN106,19601

KAITLYN FELTY
Notary Public State of Wisconsin

Page 1 of 1

SEAGROVE COMMUNITY DEVELOPMENT DISTRICT REGULAR BOARD MEETING
MARCH 28, 2025

CALL TO ORDER
District Manager Frank Sakuma called the Special Board Meeting of the Seagrove Community Development District (the “District”) to order at 2:02 p.m. at 10807 SW Tradition Square, Port St. Lucie, Florida 34987.

PROOF OF PUBLICATION
Mr. Sakuma presented proof of publication confirming that the Notice of the Regular Meeting had been published in the St. Lucie News Tribune on October 10, 2024, as part of the District’s Fiscal Year 2024/2025 Meeting Schedule, as legally required.

ESTABLISH QUORUM
A quorum was established with the presence of the following Board Members:
Chairman: Gregory Pettibon (Present)
Vice Chairman: Chris Cutler (Present)
Supervisor: Jared Shaver (Present)

Also in attendance were:
District Manager: Frank Sakuma, Special District Services, Inc.
District Manager: Stephanie Brown, Special District Services, Inc.
District Counsel: Ginger E. Wald (via phone), Billing, Cochran
District Engineer: Tim Foster (via phone), Caufield & Wheeler
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 public comments.

APPROVAL OF MINUTES

1. November 24, 2024, Special Board Meeting Minutes

A motion was made by Mr. Pettibon, seconded by Mr. Shaver, approving the November 24, 2024, Special Board Meeting minutes as presented. The motion passed unanimously.

OLD BUSINESS
There were no Old Business items to discuss.

NEW BUSINESS

Consider Resolution No. 2025-01 Adopting a Fiscal Year 2025/2026 Proposed Budget

Resolution No. 2025-01 was presented, entitled:
RESOLUTION NO. 2025-01
A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE SEAGROVE COMMUNITY DEVELOPMENT DISTRICT APPROVING A PROPOSED BUDGET FOR FISCAL YEAR 2025/2026; AND PROVIDING AN EFFECTIVE DATE.

A motion was made by Mr. Pettibon, seconded by Mr. Shaver adopting Resolution No. 2025-01, as presented, setting the Public Hearing for Final Budget Adoption for May 30, 2025, at 2:00 p.m. The motion passed unanimously.

Consider Approval of Property Appraiser Agreement

A motion was made by Mr. Pettibon, seconded by Mr. Shaver approving the Property Appraiser Agreement as presented. The motion passed unanimously.

Mr. Pettibon requested ID numbers for the parcels.

ADMINISTRATIVE MATTERS
Mr. Sakuma reminded the Board that the required 4-hour ethics training must be completed by December 31, 2025.
Ms. Wald stated that she would have a Legislative Memo to present in June.
BOARD MEMBERS & STAFF CLOSING COMMENTS
There were no additional comments from Board Members or staff.
ADJOURN

With no further business to address, the Board Meeting was adjourned at 2:13 p.m. by Chairman Pettibon. There were no objections.

	
Secretary	Chairperson

Publication Date 2025-05-09

Subcategory Miscellaneous Notices

SEAGROVE COMMUNITY DEVELOPMENT DISTRICT
NOTICE OF PUBLIC HEARING TO CONSIDER THE ADOPTION OF THE FISCAL YEAR 2025/2026 BUDGET; AND NOTICE OF REGULAR BOARD OF
SUPERVISORS MEETING.
The Board of Supervisors (Board) of the Seagrove Community Development District (District) will hold a public hearing on May 30, 2025, at 2:00 p.m. at Special District Services, Inc., Tradition Management Offices located at 10807 SW Tradition Square, Port St. Lucie, Florida 34987, for the purpose of hearing comments and objections on the adoption of the budget of the District for the fiscal year beginning October 1, 2025, through September 30, 2026, (Fiscal Year 2025/2026). A regular board meeting of the District will also be held at that time where the Board may consider any other business that may properly 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 Managers 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 continued to a date, time, and place to be specified on the record at the meeting. There may be occasions when Board Supervisors or District Staff may participate by speaker telephone.
Any person requiring special accommodations at these meetings because of a disability or physical impairment should contact the District Managers 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 1-800-955- 8771 (TTY) / 1-800-955-8770 (Voice), for aid in contacting the District Managers Office.
Each person who decides to appeal any decision made by the Board with respect to any matter considered at the public hearing or meeting 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
www.seagrovecdd.org
PUBLISH: ST. LUCIE NEWS TRIBUNE 05/09/25 & 05/16/25 TCN11291584

RESOLUTION NO. 2025-02

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE SEAGROVE COMMUNITY DEVELOPMENT DISTRICT APPROVING AND ADOPTING A FISCAL YEAR 2025/2026 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 2025/2026, 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 2025/2026 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 2025/2026 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 May, 2025.

ATTEST:	SEAGROVE COMMUNITY DEVELOPMENT DISTRICT

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

Seagrove
Community Development District

Final Budget For Fiscal Year 2025/2026
October 1, 2025 - September 30, 2026

CONTENTS

FINAL BUDGET

DETAILED FINAL BUDGET

DETAILED FINAL DEBT SERVICE FUND BUDGET

ASSESSMENT COMPARISON

FINAL BUDGET
SEAGROVE COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	
FISCAL YEAR 2025/2026
BUDGET	
O&M Assessments	104,563	
Developer Contribution - O&M	0	
Developer Contribution - Debt	0	
Debt Assessments	1,105,407	
Interest Income	480	
		
TOTAL REVENUES	$	1,210,450	
		
EXPENDITURES		
Administrative Expenditures		
Supervisor Fees	0	
Management	37,044	
Legal	25,000	
Assessment Roll	7,500	
Audit Fees	4,600	
Arbitrage Rebate Fee	650	
Insurance	5,700	
Legal Advertisements	3,000	
Miscellaneous	1,400	
Postage	200	
Office Supplies	1,500	
Dues & Subscriptions	175	
Trustee Fees	4,500	
Dissemination Services	2,500	
Continuing Disclosure Fee	1,000	
		
Total Administrative Expenditures	$	94,769	
		
Maintenance Expenditures		
Engineering/Inspections	2,000	
Miscellaneous Maintenance	2,000	
Field Operations	0	
		
Total Maintenance Expenditures	$	4,000	
		
TOTAL EXPENDITURES	$	98,769	
		
REVENUES LESS EXPENDITURES	$	1,111,681	
		
Bond Payments	(1,039,083)	
		
BALANCE	$	72,598	
		
County Appraiser & Tax Collector Fee	(24,199)	
Discounts For Early Payments	(48,399)	
		
EXCESS/ (SHORTFALL)	$	-	

DETAILED FINAL BUDGET
SEAGROVE COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	
FISCAL YEAR 2023/2024 ACTUAL	
FISCAL YEAR 2024/2025 BUDGET	
FISCAL YEAR 2025/2026 BUDGET	

COMMENTS	
O&M Assessments	0	0	104,563	Expenditures Less Interest/.94	
Developer Contribution - O&M	68,683	103,035	0	Developer Contribution - O&M	
Developer Contribution - Debt	0	1,038,833	0	Developer Contribution - Debt	
Debt Assessments	0	0	1,105,407	Bond Payments/.94	
Interest Income	791	240	480	Projected At $40 Per Month	
					
TOTAL REVENUES	$	69,474	$	1,142,108	$	1,210,450		
					
EXPENDITURES					
Administrative Expenditures					
Supervisor Fees	0	0	0		
Management	36,000	36,000	37,044	CPI Adjustment	
Legal	15,296	30,000	25,000	FY 24/25 Expenditure Through Jan 2025 Was $4,386	
Assessment Roll	0	7,500	7,500	Will Commence In Fiscal Year Following Issuing Of Bond	
Audit Fees	3,200	4,000	4,600	Will Increase Due To Bond Issue	
Arbitrage Rebate Fee	0	650	650	Will Commence In Fiscal Year Following Issuing Of Bond	
Insurance	5,000	5,500	5,700	FY 24/25 Expenditure Was $5,200	
Legal Advertisements	584	6,000	3,000	$3,000 Decrease From 2024/2025 Budget	
Miscellaneous	225	1,500	1,400	$100 Decrease From 2024/2025 Budget	
Postage	99	200	200	No Change From 2024/2025 Budget	
Office Supplies	214	2,250	1,500	$750 Decrease From 2024/2025 Budget	
Dues & Subscriptions	175	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	
Dissemination Services	0	0	2,500	Required By Bond Underwriter	
Continuing Disclosure Fee	0	1,000	1,000	Will Commence In Fiscal Year Following Issuing Of Bond	
					
Total Administrative Expenditures	$	60,793	$	99,275	$	94,769		
					
Maintenance Expenditures					
Engineering/Inspections	2,047	2,000	2,000	No Change From 2024/2025 Budget	
Miscellaneous Maintenance	0	2,000	2,000	No Change From 2024/2025 Budget	
Field Operations	0	0	0		
					
Total Maintenance Expenditures	$	2,047	$	4,000	$	4,000		
					
TOTAL EXPENDITURES	$	62,840	$	103,275	$	98,769		
					
REVENUES LESS EXPENDITURES	$	6,634	$	1,038,833	$	1,111,681		
					
Bond Payments	0	(1,038,833)	(1,039,083)	2026 Principal & Interest Payments	
					
BALANCE	$	6,634	$	-	$	72,598		
					
County Appraiser & Tax Collector Fee	0	0	(24,199)	Two Percent Of Total Assessment Roll	
Discounts For Early Payments	0	0	(48,399)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	$	6,634	$	-	$	-		

DETAILED FINAL DEBT SERVICE FUND BUDGET
SEAGROVE COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	

FISCAL YEAR

2023/2024

ACTUAL	

FISCAL YEAR

2024/2025

BUDGET	

FISCAL YEAR

2025/2026

BUDGET	

COMMENTS	

Interest Income	
1,330	
0	
2,000	
Projected Interest For 2025/2026	

Developer Contribution	
0	
1,038,833	
0	

2025 Payments Are Developer Funded	

Bond Proceeds	
773,149	
0	
0		

NAV Tax Collection	
0	
0	
1,039,083	
Maximum Debt Service Collection	

Total Revenues	
$	774,479	
$	1,038,833	
$	1,041,083		

EXPENDITURES					

Principal Payments	
0	
250,000	
260,000	
Principal Payment Due In 2026	

Interest Payments	
0	
788,833	
777,751	
Interest Payments Due In 2026	

Transfer To Construction Fund	
894	
0	
1,500		

Bond Redemption	
0	
0	
1,832	
Estimated Excess Debt Collections	

Total Expenditures	
$	894	
$	1,038,833	
$	1,041,083		

Excess/ (Shortfall)	

$	773,585	

$	-	

$	-		

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

Series 2024 Bond Information

Original Par Amount =	$16,000,000	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 1/1/25 =	June 2054

$16,000,000			

Seagrove Community Development District Assessment Comparison

Fiscal Year	Fiscal Year	Fiscal Year	
2023/2024	2024/2025	2025/2026	
Assessment	Assessment	Projected Assessment	
Before Discount*	Before Discount*	Before Discount*	

O & M Assessment For Townhomes	

$	-	$	-	$	

159.64	
Debt Assessment For Townhomes	$	-		$	-		$	1,542.55	
Total	$	-	$	-	$	1,702.19	

O & M Assessment For Single Familys 40'	
$	-	$	-	$	
159.64	
Debt Assessment For Single Family's 40'	$	-		$	-		$	1,648.94	
Total	$	-	$	-	$	1,808.58	

O & M Assessment For Single Familys 50'	
$	-	$	-	$	
159.64	
Debt Assessment For Single Family's 50'	$	-		$	-		$	1,861.70	
Total	$	-	$	-	$	2,021.34	

* Assessments Include the Following :	 4% Discount for Early Payments
1% County Tax Collector Fee
1% County Property Appraiser Fee

 Community Information:	

Townhomes	306	
Single Family's 40'	74	
Single Family's 50'	275	
Total Units	655	

RESOLUTION NO. 2025-03

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE SEAGROVE COMMUNITY DEVELOPMENT DISTRICT, ESTABLISHING A REGULAR MEETING SCHEDULE FOR THE FISCAL YEAR 2025/2026 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 2025/2026; and

WHEREAS, the Board of Supervisors of the District has set a regular meeting schedule, location and time for District meetings for fiscal year 2025/2026 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 2025/2026 which is attached hereto as Exhibit “A” is hereby adopted and authorized to be published.
PASSED, ADOPTED and EFFECTIVE this 30th day of May, 2025.

ATTEST:	SEAGROVE COMMUNITY DEVELOPMENT DISTRICT

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

BOARD OF SUPERVISORS’ MEETING DATES SEAGROVE COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026

The Board of Supervisors of the Seagrove Community Development District (the “District) will hold their regular meetings for Fiscal Year 2025/2026 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 31, 2025
November 28, 2025
January 30, 2026
February 27, 2026
March 27, 2026
April 24, 2026
May 29, 2026
June 26, 2026
July 31, 2026
August 28, 2026
September 25, 2026

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