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Palace at Coral Gables Community Development District

Est. 2010; Located in Miami-Dade County, Florida

Background

The Palace at Coral Gables Community Development District (“District”) is a local unit of special purpose government, created pursuant to and existing under the provisions of Chapter 190, Florida Statutes, and established by the Miami-Dade County Commission’s approval of Ordinance No. 10-49 on July 30, 2010. The District is a planned 2.5 acre residential and retail development that includes the construction of a senior rental housing facility containing approximately 243 independent and assisted living apartments, rental space, and a parking garage located within the City of Coral Gables in Miami-Dade County situated on Andalusia Avenue, east of Galiano Street, South of SW 24 Street, West of SW 37 Avenue and North of Valencia Avenue.

District Infrastructure and Property

The District issued Series 2011 Bonds to fund the construction, acquisition, installation and/or equipping of public parking, roads and alleys, hardscape and landscape, storm drainage system, water distribution system and sanitary sewer systems.

District Annual Budgets

The District annually approves an operations and maintenance (“O&M”) budget, which outlines the expected general revenues and expenses for the District.

District Annual Non-Ad Valorem Assessments

The District’s annual O&M expenses are funded by assessments from property owners.
District Manger
  • Jennifer Walden
  • PFM Group Consulting LLC
  • 407-723-5900
  • (407) 723-5901
  • waldenj@pfm.com
NOTE:

Under Florida law, email addresses are public records. If you do not want your email address released in response to a public records request, do not send electronic mail to this entity. Instead, contact this office by phone or in writing.

Public Records

District Documents

Agenda

Fiscal Year 2020

  • 10-24-19 Meeting Cancelled
  • 1-23-20
  • 4-23-20
  • 7-23-20

Fiscal Year 2019

  • 10-25-18 Meeting Cancelled
  • 11-15-18 LOE Agenda PDF | RTF
  • 1-24-19 Agenda PDF | RTF
  • 4-25-19 Updated Agenda PDF | RTF
  • 7-25-19 Agenda PDF | RTF

Fiscal Year 2018

  • 10-26-17 Meeting Cancelled
  • 1-25-18 Meeting Cancelled
  • 4-26-18 Agenda PDF | RTF
  • 4-26-18 ASC Agenda PDF | RTF
  • 7-26-18 Agenda PDF | RTF

Additional District Documents

  • Ordinance No. 10-49, Establishing the District : PDF | RTF
  • District’s Boundaries: PDF | RTF
  • Fiscal Year 2019 Meeting Schedule : PDF | RTF
  • Fiscal Year 2020 Meeting Schedule PDF | RTF

Budgets

The Board adopts the budget each year in accordance with a process outlined in the Florida Statutes. Each Fiscal Year runs from October 1 to September 30. The Board will first approve a proposed budget in the spring and will provide it to Miami-Dade County at least 60 days before the budget hearing, at which time the Board will adopt the final budget and levy the resulting non-ad valorem assessments.

  • Fiscal Year 2019 Proposed O&M Budget : PDF | RTF
  • Fiscal Year 2019 Proposed Debt Service Budget : PDF | RTF
  • Fiscal Year 2019 Adopted O&M Budget : PDF | RTF
  • Fiscal Year 2019 Adopted Debt Service Budget : PDF | RTF
  • Fiscal Year 2020 Proposed O&M Budget PDF | RTF
  • Fiscal year 2020 Proposed Debt Service Budget PDF | RTF
  • Fiscal Year 2020 Adopted O&M Budget PDF | RTF
  • Fiscal Year 2020 Adopted DS Budget PDF | RTF

For anyone interested in adopted budgets prior to fiscal year 2019, please contact the District Office.

Audits

As the District’s audited financial statements are prepared by an independent auditor, and accepted by the Board, we will post them on the website for your information. If you are interested in an audit for a previous fiscal year, please contact the District Office. For more information on audits, please visit http://www.myflorida.com/audgen/.

  • Fiscal Year 2017 Audit Report : PDF | RTF
  • Fiscal Year 2018 Audit Report PDF | RTF

BOARD INFORMATION

Florida Law requires that the District publish an annual meeting schedule for the fiscal year one time in a newspaper of general circulation in Miami-Dade County. The Board may decide to cancel or reschedule any of its meetings, or add meetings or workshops as items of business dictate. These new meetings will be advertised in the newspaper at least seven (7) days in advance, and agendas are available on the website a week prior to the meeting.

Board of Supervisors
Meeting Dates:

October 24, 2019
January 23, 2020
April 23, 2020
July 23, 2020

All meetings will convene at 11:00 a.m. on the specified dates
at 10850 SW 113th Place, Miami, FL 33176.

Management Services

PFM Group Consulting LLC.

pfm logoPFM Group Consulting LLC has extensive experience providing consulting and management services to special districts located throughout Florida. Our firm provides services at every stage of a district’s life from establishment to full development. We offer Financial Advisory Services and District Management Services (including Administrative Services, Accounting, Minutes and Public Records Services, and Lien Book & Tax Roll Services) to over 50 CDDs throughout the state of Florida.

Services

Levels of service of program operations within the District are directly related to the annual operating budget. Program services include:

  • Community appearance
  • Recreational facilities
  • Street lighting
  • Infrastructure administration

During the fiscal year staff monitors the budget to maintain operational efficiency. During the annual budget process staff reviews what was budgeted against what was actually spent, and recommends increases and decreases in service levels. The Board of Supervisors, with input from the public, reviews staff’s proposals and has the final decision for the budget constraints that will determine the levels of service. The budget process typically begins in the spring and concludes in the summer, after a public hearing to ensure resident participation. Staff actions are directly related to those restrictions placed within the annual operations and maintenance budget for each fiscal year.

Service Levels

The District Manager’s responsibilities include:

  • Mandatory – This service is required either by regulatory permit or other specific requirements.
  • Essential – Those program services funded above the mandatory level and considered important to the residents.
  • Discretionary – Those services funded and which can be reviewed for sufficiency, based on service commitment by the community and the cost of the service being provided.

Contact Info

Palace at Coral Gables CDD

12051 Corporate Blvd
Orlando, FL 32817
(407) 723-5900

District Manager

Jennifer Walden
waldenj@pfm.com

Registered Agent:

Dennis Lyles of SunTrust Center, Sixth Floor
515 East Las Olas Blvd.
Fort Lauderdale, FL 33301

Records District Custodian

PFM Group Consulting LLC.
12051 Corporate Blvd
Orlando, FL 32817

Victoria Martinez
martinezv@pfm.com
(407) 723-5900

Florida Public Records Notice: Emails to and from Community Development District’s are public record according to Section 119 Florida Statutes. For more information, please see http://www.myflsunshine.com/.

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