24-01888M

NOTICE OF PUBLIC HEARING TO CONSIDER REALLOCATION OF CERTAIN DEBT SPECIAL ASSESSMENTS PURSUANT TO CHAPTERS 170 AND 197, FLORIDA STATUTES, BY THE NORTHLAKE STEWARDSHIP DISTRICT; AND

NOTICE OF PUBLIC HEARING TO CONSIDER ADOPTION OF A
REVISED ASSESSMENT ROLL PURSUANT TO SECTION 197.3632(4)(b), FLORIDA STATUTES, BY THE NORTHLAKE STEWARDSHIP DISTRICT; AND

NOTICE OF REGULAR MEETING OF NORTHLAKE STEWARDSHIP DISTRICT

The Board of Supervisors (“Board”) of the Northlake Stewardship District (the “District”), as successor in interest to Rye Ranch Community Development District, will hold public hearings and a regular meeting at 5:00 p.m., on January 15, 2025, at 6102 162nd Avenue E, Parrish, Florida 34219, to consider the adoption of a revised assessment methodology, revised assessment roll, the reallocation of debt special assessments on certain benefitted property within the District, and to provide for the levy, collection and enforcement of certain debt special assessments. The streets and areas to be improved and the property subject to the Assessments (defined below) are geographically depicted below (the “Property”) and in the District's Engineer's Report, defined hereinafter. The public hearings are being conducted pursuant to Chapters 170 and 197, Florida Statutes. All persons interested may ascertain the description of each property to be assessed and the amount to be assessed to each piece or parcel of property from the District Manager, 2300 Glades Road, Suite 410W, Boca Raton, Florida 33431, Ph: (561) 571-0010 (“District Manager's Office”), during normal business hours. 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, and a copy of the agenda may also be obtained at District Manager's Office.

The District is a unit of special-purpose local government responsible for providing infrastructure improvements for lands within the District. The improvements include, but are not limited to roadway improvements, stormwater management facilities, water, wastewater and reuse utilities, hardscape, landscape and irrigation improvements, undergrounding of electrical utilities, recreational amenities, conservation/mitigation, and other related public infrastructure (the “Improvements”), all as more particularly described in the District's Master Engineer's Report - Pod B Project dated March 2023, as supplemented by the Supplemental Engineer's Report (Pod B 2023 Project), dated September 2023 (together, the “Engineer's Report”), on file and available during normal business hours at the District Manager's Office.

For the purpose of funding the construction, installation, and/or acquisition of certain District Improvements, the District previously levied special assessments (the “Assessments”) on property specially benefited by construction, installation and/or acquisition of District improvements, pursuant to the Pod B Project Master Special Assessment Methodology Report, dated March 15, 2023 (“Original Master Report”) as supplemented by the Pod B 2023 Project Final First Supplemental Special Assessment Methodology Report, dated September 12, 2023 (“Pod B 2023 Supplemental Report”, and together with the Original Master Report, the “Assessment Report”). It is now anticipated that an additional product type consisting of 60' single-family units, will be developed on certain portions of the District (the “New Units”) known as “Pod B”, as first anticipated in the Assessment Report. The New Units will alter the total number and types of units set forth in the Assessment Report, as well as the Assessments allocated to each product type. Implementation of the New Units will require a designation of ERUs and a corresponding reallocation of the Assessments under the Assessment Report. To address this change and resulting benefit, on August 21, 2024, the District adopted Resolution 2024-13, declaring the reallocation of the Assessments on certain property known as Pod B within the District (the “Assessment Area”). A copy of that resolution is being published with this notice. The purpose of the Assessments, to secure the bonds issued or hereinafter to be issued to fund the Improvements, remains unchanged.

In connection with the change in the product types and corresponding unit numbers, the District desires to reallocate a portion of the Assessments against certain property located within the Assessment Area in proportion to the benefit received. The District intends to assess the property in the manner set forth in the District's Assessment Report as supplemented by that Supplemental to Pod B Project Master Special Assessment Methodology Report and Pod B Project Amended Final First Supplemental Special Assessment Methodology Report dated August 21, 2024 (“Supplemental Assessment Report” and together with the Assessment Report, the “Revised Assessment Report”), as may be further revised by the Board at the public hearings. A copy of the Supplemental Assessment Report, which includes the preliminary assessment roll, is available from the District Manager's office.

The Revised Assessment Report identifies each parcel within the Assessment Area of the District and assessments per parcel for each land use category that is currently expected to be assessed. The method of allocating assessments for the Improvements to be funded by the District is described in the Revised Assessment Report. As also explained in more detail in the Revised Assessment Report, the reallocated assessments will be levied against the Property in a manner that is consistent with the level of benefit received by that parcel, just as all benefited properties are assessed. Please consult the Revised Assessment Report for more details.

The annual principal Assessment levied against each parcel will be based on repayment over thirty (30) years of the total debt allocated to each parcel. From the imposition of reallocated assessments, the District expects to collect sufficient revenues to retire no more than $52,320,000 in debt to be assessed by the District, exclusive of fees and costs of collection or enforcement, discounts for early payment, and interest. The proposed schedule of reallocated assessments is as follows:

Pod B - Bond Assessments Apportionment

Product Type
Revised Development Plan
Total Cost Allocation*
Total Bond Assessment Apportionment
Bond Assessment Apportionment per Unit
Annual Debt Service per Unit**

SF 40'
143
$9,202,370.87
$12,670,211.69
$88,602.88
$8,462.76

SF 50'
286
$23,005,927.18
$31,375,529.21
$110,753.60
$10,578.45

SF 60'
60
$5,791,701.95
$7,974,259.10
$132,904.32
$12,694.14

Total
489
$38,000,000.00
$52,320,000.00

*Please note that cost allocations to units herein are based on the ERU benefit allocation illustrated in Table 2A
**Includes county collections costs estimated at 3% (subject to change) and an early collection discount allowance estimated at 4% (subject to change)

The annual principal Assessment levied against each parcel will be based on repayment over thirty (30) years of the total debt allocated to each parcel. From the imposition of reallocated assessments, the District expects to collect sufficient revenues to retire no more than $6,150,000 in debt to be assessed by the District, exclusive of fees and costs of collection or enforcement, discounts for early payment, and interest. The proposed schedule of reallocated assessments is as follows:

Pod B - Assessment Area One Series 2023 Bond Assessments Apportionment

Product Type
Revised Development Plan
Total Cost Allocation*
Total Series 2023 Bond Assessments Apportionment
Series 2023 Bond Assessment Apportionment per Unit
Annual Debt Service per Unit**

SF 40'
65
$1,053,599.19
$1,212,282.03
$18,650.49
$1,454.02

SF 50'
171
$3,464,720.42
$3,986,542.84
$23,313.12
$1,817.52

SF 60'
34
$826,670.14
$951,175.13
$27,975.74
$2,181.03

Total
270
$5,344,989.75
$6,150,000.00

*Please note that cost allocations to units herein are based on the ERU benefit allocation illustrated in Table 2B
**Includes county collections costs estimated at 3% (subject to change) and an early collection discount allowance estimated at 4% (subject to change)

The Assessments may be prepaid in whole at any time, or in some instances in part, or may be paid in not more than thirty (30) annual installments subsequent to the issuance of debt to finance the District's improvements. These annual assessments may be collected on the Manatee County tax roll by the Manatee County Tax Collector. Alternatively, the District may choose to directly collect and enforce these assessments. For delinquent assessments that were directly billed by the District, the District may initiate a foreclosure action or may place the delinquent assessments on the next year's county tax bill. The decision to collect special assessments by any particular method - e.g., on the tax roll or by direct bill - does not mean that such method will be used to collect special assessments in future years, and the District reserves the right in its sole discretion to select collection methods in any given year, regardless of past practices. Failure to pay the Assessments will cause a tax certificate to be issued against the property which may result in loss of title. Alternatively, if the assessments are directly collected, the failure to pay such direct bill invoice may result in the District pursuing a foreclosure action, which may result in a loss of title. All affected property owners have the right to appear at the public hearing and the right to file written objections with the District within twenty (20) days of the publication of this notice.

The public hearings and the regular Board meeting are open to the public and will be conducted in accordance with the provisions of Florida law. The public hearings and/or the regular Board meeting may be continued to a date, time and place to be specified on the record at the hearing.

If anyone chooses to appeal any decision of the Board with respect to any matter considered at the hearings and meeting, such person will need a record of the proceedings and should accordingly ensure that a verbatim record of the proceedings is made, which includes the testimony and evidence upon which such appeal is to be based.

Any person requiring special accommodations at the hearings and meeting because of a disability or physical impairment should contact the District Manager's Office at (561) 571-0010 at least 48 hours prior to the hearing. If you are hearing or speech impaired, please contact the Florida Relay Service at 1-800-955-8770 for aid in contacting the District Manager's Office.
NORTHLAKE STEWARDSHIP DISTRICT




























RESOLUTION 2023-09

[DECLARING RESOLUTION - MASTER ASSESSMENTS FOR POD B PROJECT]

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE RYE RANCH COMMUNITY DEVELOPMENT DISTRICT DECLARING SPECIAL ASSESSMENTS; DESIGNATING THE NATURE AND LOCATION OF THE PROPOSED IMPROVEMENTS; DECLARING THE TOTAL ESTIMATED COST OF THE IMPROVEMENTS, THE PORTION TO BE PAID BY ASSESSMENTS, AND THE MANNER AND TIMING IN WHICH THE ASSESSMENTS ARE TO BE PAID; DESIGNATING THE LANDS UPON WHICH THE ASSESSMENTS SHALL BE LEVIED; PROVIDING FOR AN ASSESSMENT PLAT AND A PRELIMINARY ASSESSMENT ROLL; ADDRESSING THE SETTING OF PUBLIC HEARINGS; PROVIDING FOR PUBLICATION OF THIS RESOLUTION; AND ADDRESSING CONFLICTS, SEVERABILITY AND AN EFFECTIVE DATE.

WHEREAS, the Rye Ranch Community Development District (“District”) is a local unit of special-purpose government organized and existing under and pursuant to Chapter 190, Florida Statutes; and

WHEREAS, the District is authorized by Chapter 190, Florida Statutes, to finance, fund, plan, establish, acquire, install, equip, operate, extend, construct, or reconstruct roadways, sewer and water distribution systems, stormwater management/earthwork improvements, recreational improvements, landscape, irrigation and entry features, conservation and mitigation, street lighting and other infrastructure projects, and services necessitated by the development of, and serving lands within, the District; and

WHEREAS, the District hereby determines to undertake, install, plan, establish, construct or reconstruct, enlarge or extend, equip, acquire, operate, and/or maintain the portion (“Project”) of the District's overall capital improvement plan for all benefitted lands within what is known as “Pod B” of the District (“Assessment Area”), as described in the Master Engineer's Report - Pod B Project, dated March 2023, which is attached hereto as Exhibit A and incorporated herein by reference; and

WHEREAS, it is in the best interest of the District to pay for all or a portion of the cost of the Project by the levy of special assessments (“Assessments”) on the Assessment Area, using the methodology set forth in that “Pod B Project” Master Special Assessment Methodology Report, dated March 15, 2023, which is attached hereto as Exhibit B, incorporated herein by reference, and on file with the District Manager at c/o Wrathell, Hunt and Associates, LLC, 2300 Glades Road, Suite 410W, Boca Raton, Florida 33431 (“District Records Office”);

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

1. AUTHORITY FOR THIS RESOLUTION; INCORPORATION OF RECITALS. This Resolution is adopted pursuant to the provisions of Florida law, including without limitation Chapters 170, 190 and 197, Florida Statutes. The recitals stated above are incorporated herein and are adopted by the Board as true and correct statements.

2. DECLARATION OF ASSESSMENTS. The Board hereby declares that it has determined to make the Project and to defray all or a portion of the cost thereof by the Assessments.

3. DESIGNATING THE NATURE AND LOCATION OF IMPROVEMENTS. The nature and general location of, and plans and specifications for, the Project are described in Exhibit A, which is on file at the District Records Office. Exhibit B is also on file and available for public inspection at the same location.

4. DECLARING THE TOTAL ESTIMATED COST OF THE IMPROVEMENTS, THE PORTION TO BE PAID BY ASSESSMENTS, AND THE MANNER AND TIMING IN WHICH THE ASSESSMENTS ARE TO BE PAID.

A. The total estimated cost of the Project is $38,000,000 (“Estimated Cost”).

B. The Assessments will defray approximately $52,320,000, which is the anticipated maximum par value of any bonds and which includes all or a portion of the Estimated Cost, as well as other financing-related costs, as set forth in Exhibit B, and which is in addition to interest and collection costs. On an annual basis, the Assessments will defray no more than $4,647,451 per year, again as set forth in Exhibit B.

C. The manner in which the Assessments shall be apportioned and paid is set forth in Exhibit B, as may be modified by supplemental assessment resolutions. The Assessments will constitute a “master” lien, which may be imposed without further public hearing in one or more separate liens each securing a series of bonds, and each as determined by supplemental assessment resolution. With respect to each lien securing a series of bonds, the special assessments shall be paid in not more than (30) thirty yearly installments. The special assessments may be payable at the same time and in the same manner as are ad-valorem taxes and collected pursuant to Chapter 197, Florida Statutes; provided, however, that in the event the uniform non ad-valorem assessment method of collecting the Assessments is not available to the District in any year, or if determined by the District to be in its best interest, the Assessments may be collected as is otherwise permitted by law, including but not limited to by direct bill. The decision to collect special assessments by any particular method - e.g., on the tax roll or by direct bill - does not mean that such method will be used to collect special assessments in future years, and the District reserves the right in its sole discretion to select collection methods in any given year, regardless of past practices.

5. DESIGNATING THE LANDS UPON WHICH THE SPECIAL ASSESSMENTS SHALL BE LEVIED. The Assessments securing the Project shall be levied on the Assessment Area (a/k/a “Pod B”), as described in Exhibit B, and as further designated by the assessment plat hereinafter provided for.

6. ASSESSMENT PLAT. Pursuant to Section 170.04, Florida Statutes, there is on file, at the District Records Office, an assessment plat showing the area to be assessed (i.e., the Assessment Area), with certain plans and specifications describing the Project and the estimated cost of the Project, all of which shall be open to inspection by the public.

7. PRELIMINARY ASSESSMENT ROLL. Pursuant to Section 170.06, Florida Statutes, the District Manager has caused to be made a preliminary assessment roll, in accordance with the method of assessment described in Exhibit B hereto, which shows the lots and lands assessed, the amount of benefit to and the assessment against each lot or parcel of land and the number of annual installments into which the assessment may be divided, which assessment roll is hereby adopted and approved as the District's preliminary assessment roll.

8. PUBLIC HEARINGS DECLARED; DIRECTION TO PROVIDE NOTICE OF THE HEARINGS. Pursuant to Sections 170.07 and 197.3632(4)(b), Florida Statutes, among other provisions of Florida law, there are hereby declared two public hearings to be held as follows:

NOTICE OF PUBLIC HEARINGS
DATE: April 19, 2023
TIME: 5:00 p.m.
LOCATION: 6102 162nd Ave. East
Parrish, Florida 34219

The purpose of the public hearings is to hear comment and objections to the proposed special assessment program for District improvements as identified in the preliminary assessment roll, a copy of which is on file and as set forth in Exhibit B. Interested parties may appear at that hearing or submit their comments in writing prior to the hearings at the District Records Office.

Notice of said hearings shall be advertised in accordance with Chapters 170, 190 and 197, Florida Statutes, and the District Manager is hereby authorized and directed to place said notice in a newspaper of general circulation within Manatee County (by two publications one week apart with the first publication at least twenty (20) days prior to the date of the hearing established herein). The District Manager shall file a publisher's affidavit with the District Secretary verifying such publication of notice. The District Manager is further authorized and directed to give thirty (30) days written notice by mail of the time and place of this hearing to the owners of all property to be assessed and include in such notice the amount of the assessment for each such property owner, a description of the areas to be improved and notice that information concerning all assessments may be ascertained at the District Records Office. The District Manager shall file proof of such mailing by affidavit with the District Secretary.

9. PUBLICATION OF RESOLUTION. Pursuant to Section 170.05, Florida Statutes, the District Manager is hereby directed to cause this Resolution to be published twice (once a week for two (2) weeks) in a newspaper of general circulation within Manatee County and to provide such other notice as may be required by law or desired in the best interests of the District.

10. CONFLICTS. All resolutions or parts thereof in conflict herewith are, to the extent of such conflict, superseded and repealed.

11. SEVERABILITY. If any section or part of a section of this resolution be declared invalid or unconstitutional, the validity, force, and effect of any other section or part of a section of this resolution shall not thereby be affected or impaired unless it clearly appears that such other section or part of a section of this resolution is wholly or necessarily dependent upon the section or part of a section so held to be invalid or unconstitutional.
12. EFFECTIVE DATE. This Resolution shall become effective upon its adoption.

PASSED AND ADOPTED this 15th day of March, 2023.

ATTEST: RYE RANCH COMMUNITY DEVELOPMENT DISTRICT

/s/ Crag Wrathell /s/ Stephen J Cerven
Secretary/Assistant Secretary Chair/Vice Chair, Board of Supervisors

Exhibit A: Master Engineer's Report - Pod B Project, dated March 2023
Exhibit B: “Pod B Project” Master Special Assessment Methodology Report, dated March 15, 2023

RESOLUTION 2024-13

[SUPPLEMENTAL DECLARING RESOLUTION TO MASTER ASSESSMENTS FOR POD B PROJECT]

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE NORTHLAKE STEWARDSHIP DISTRICT AMENDING RESOLUTION 2023-09 DECLARING SUPPLEMENTAL SPECIAL ASSESSMENTS; ADDRESSING THE SETTING OF PUBLIC HEARINGS; PROVIDING FOR PUBLICATION OF THIS RESOLUTION; AND ADDRESSING CONFLICTS, SEVERABILITY AND AN EFFECTIVE DATE.

WHEREAS, the Northlake Stewardship District (“District”) is a local unit of special purpose government created and existing pursuant to Chapter 2022-248, Laws of Florida (“Act”); and

WHEREAS, Rye Ranch Community Development District (“CDD”) has dissolved and merged (“Merger”) with the District by Manatee County Ordinance No. 24-05 fka Ordinance No. 22-12, effective January 11, 2024; and

WHEREAS, pursuant to that Merger Agreement recorded as Instrument Number 202341067752 in the Official Records of Manatee County, Florida, and without any further action of the parties, the District is the current entity with all rights and obligations of the CDD, which have been assumed by the District; and

WHEREAS, on March 15, 2023, the Board of Supervisors of the CDD adopted Resolution 2023-09 which, among other things, declared master special assessments for the Pod B Project, designated the nature and location of the proposed improvements, and provided for an assessment plat and preliminary assessment roll; and

WHEREAS, pursuant to Resolutions 2023-09, 2023-10 and 2023-16 (collectively known as “Assessment Resolutions”) and Resolutions 2022-26 and 2023-15 (collectively known as “Bond Resolutions”), the CDD previously issued $6,150,000 in Special Assessment Bonds, Series 2023 (Pod B - Assessment Area One) (“Bonds”), with the assumption that a new product type may ultimately be developed and be allocated its proportionate share of the special assessments securing the Bonds, as more particularly described in the Pod B 2023 Project Final First Supplemental Assessment Methodology Report date September 12, 2023 (“Pod B 2023 Supplemental Report”); and

WHEREAS, the Board of Supervisors of the District (“Board”) now desires to amend Resolution 2023-09 in order to incorporate the previously anticipated new product type referenced in the Pod B 2023 Supplemental Report for the limited purpose of adding such new product type, reallocating assessments, and making corresponding adjustments to the prior assessment reports.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE NORTHLAKE STEWARDSHIP DISTRICT:

1. RECITALS. The recitals stated above are incorporated herein as a material part of this Resolution.

2. CONFLICTS. This Resolution is intended to amend, in part, Resolution 2023-09, which remains in full force and effect except as otherwise provided herein. All terms of Resolution 2023-09 that are not amended by this Resolution apply as if those terms are fully set forth herein. All District resolutions or parts thereof in actual conflict with this Resolution are, to the extent of such conflict, superseded and repealed.

3. SUPPLEMENTING RESOLUTION 2023-09. Resolution 2023-09 is hereby amended to supplement it as follows:

A. “Pod B Project” Master Special Assessment Methodology Report dated March 15, 2023, attached as Exhibit B to Resolution 2023-09, is hereby supplemented by the Supplemental to Pod B Project Master Special Assessment Methodology Report and Pod B Project Amended Final First Supplemental Special Assessment Methodology Report dated August 21, 2024, attached to this Resolution as Exhibit A (“Revised Assessment Report”).

B. The assessment plat originally prepared pursuant to Section 170.04, Florida Statutes, and Resolution 2023-09 is hereby amended and supplemented to include the new product type as described in the Revised Assessment Report attached hereto, and such revised assessment plat is on file at the “District Records Office” at c/o Wrathell, Hunt and Associates, LLC, 2300 Glades Road, Suite 410W, Boca Raton, Florida 33431.

C. The preliminary assessment roll originally prepared pursuant to Section 170.06, Florida Statutes, and Resolution 2023-09 is hereby amended and supplemented to include the new product type as described in the Revised Assessment Report attached hereto, and such revised preliminary assessment roll is on file at the District Records Office.

4. PUBLIC HEARINGS DECLARED; DRECTION TO PROVIDE NOTICE OF THE HEARINGS. Pursuant to Sections 170.07 and 197.3632(4)(b), Florida Statutes, among other provisions of Florida law, there are hereby declared two supplemental public hearings to be held as follows:

NOTICE OF PUBLIC HEARINGS
DATE October 16, 2024
TIME 5:00 PM
LOCATION 6102 162nd Ave E.
Parrish, Florida 34219.

The purpose of the public hearings is to hear comment and objections to the proposed special assessment program for District improvements as identified in the amended preliminary assessment roll, a copy of which is on file and as set forth in Exhibit A. Interested parties may appear at such hearing or submit their comments in writing, prior to the hearings, to the District Records Office.

Notice of said hearings shall be advertised in accordance with the Act and Chapters 170 and 197, Florida Statutes, and the District Manager is hereby authorized and directed to place said notice in a newspaper of general circulation within Manatee County (by two publications one week apart with the first publication at least twenty (20) days prior to the date of the hearing established herein). The District Manager shall file a publisher's affidavit with the District Secretary verifying such publication of notice. The District Manager is further authorized and directed to give thirty (30) days written notice by mail of the time and place of this hearing to the owners of all property to be assessed and include in such notice the amount of the assessment for each such property owner, a description of the areas to be improved, and notice that information concerning all assessments may be ascertained at the District Records Office. The District Manager shall file proof of such mailing by affidavit with the District Secretary.

5. PUBLICATION OF RESOLUTION. Pursuant to Section 170.05, Florida Statutes, the District Manager is hereby directed to cause this Resolution to be published twice (one week for two (2) weeks) in a newspaper of general circulation within Mantee County and to provide such other notice as may be required by law or desired in the best interests of the District.

6. SEVERABILITY. The invalidity or unenforceability of any one or more provisions of this Resolution shall not affect the validity or enforceability of the remaining portions of this Resolution, or any part thereof.

7. EFFECTIVE DATE. This Resolution shall take effect immediately upon adoption.

Introduced, considered favorably, and adopted this 21st day of August 2024.

ATTEST: NORTHLAKE STEWARDSHIP DISTRICT
/s/ Cindy Cerbone /s/ Stephen J Cerven
Secretary/Assistant Secretary Chairperson, Board of Supervisors

Exhibit A Supplemental to Pod B Project Master Special Assessment Methodology Report and Pod B Project Amended Final First Supplemental Special Assessment Methodology Report dated August 21, 2024
December 20, 27, 2024 24-01888M

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