The Palace at Coral Gables Community Development District

12051 C01porate Boulevard Orlando, FL 32817; Phone: 407-382-3256

The following is the proposed agenda for the upcoming The Palace at Coral Gables Community Development District Board of Supervisors' Meeting, scheduled to be held in the offices located at 10850 SW 113 Place, Miami, FL 33176 on Thursday, January 24, 2019 at 11:00 a.m. A quorum will be confomed prior to the stmi of the meeting.
For those unable to attend in person, you may pmiicipate by telephone: Phone: 1-866-398-2885
Pmiicipant Code: 275521#
BOARD OF SUPERVISORS' MEETING AGENDA
Organizational Matters
Call to Order
Roll Call
Public Comment Period
Swearing in Newly Elected Board Member
Consideration of Minutes of the July 26, 2018 Board of Supervisors' Meeting
Consideration of Minutes of the July 26, 2018 Auditor Selection Committee
Consideration of Minutes of the November 15, 2018 Landowners' Election Meeting
Consideration of Resolution 2019-01, Canvassing and Ce1iifying Results of the 2018 Landowners' Election
Consideration of Resolution 2019-02, Election of Officers
Consideration of Resolution 2019-03, Designating District Manager, Assessment Consultant and Financial Advisor
Ratification of FY 2018 Audit Engagement Letter
Consideration of Funding Request 83 & 84 and 87 - 89
Ratification of Funding Requests 85 & 86
Review of District's Financial Position
Other Business
Staff Repmis
District Counsel
District Manager
District Engineer
Supervisors Requests and Audience Comments
Adjournment

1

PALACE AT CORAL GABLES COMMUNITY DEVELOPMENT DISTRICT

,	,,

Minutes of the July 26,2018 Board of Supervisors' Meeting

PALACE AT CORAL GABLES COMMUNITY DEVELOPMENT DISTRICT
BOARD OF SUPERVISORS' MEETING MINUTES

FIRST ORDER OF BUSINESS	Call to Order and Roll Call
The Board of Supervisors' Meeting for the Palace at Coral Gables Community Development District was called to order on Thursday, July 26, 2018 at 11:15 a.m. at 10850 SW 113 Place, Miami, FL 33176. Board Members listed below constituted a quorum:
Board Members present:

Oscar Roiz
Sam Montenegro Missy Somers

Also present were:

Hank Fishkind Vanessa Steinerts

Board Member Board Member Board Member

Fishkind & Associates, Inc.
Billing, Cochran, Lyles, Mauro & Ramsey, P.A.

SECOND ORDER OF BUSINESS	PublicComment Period

Dr. Fishkind noted that there were no members of the public present.

THIRD ORDER OF BUSINESS		Consideration of the Minutes of the April 26, 2018 Board of Supervisors' Meeting.
Board Members reviewed the minutes of the April 26, 2018 Board of Supervisors' Meeting.

On motion by Mr. Roiz, second by Mr. Montenegro, with all in favor, the Board of Supervisors' for the Palace at Coral Gables Community Development District approved the minutes of the April 26, 2018 Board of Supervisors' Meeting.

FOURTH ORDER OF BUSINESS	Consideration of the Minutes of the April 26, 2018 Auditor Selection Committee Meeting
Board Members reviewed the minutes of the April 26, 2018 Auditor Selection Committee Meeting.

On motion by Ms. Somers, second by Mr. Montenegro, with all in favor, the Board of Supervisors' for the Palace at Coral Gables Community Development District approved the minutes of the April 26, 2018 Auditor Selection Committee Meeting.

FIFTH ORDER OF BUSINESS		Letter from Supervisor I of ' Elections	-	Miami-Dade County
Dr. Fishkind explained that each year the District is required to state on the record how many registered voters reside in the District. The letter from the Supervisor of Elections for Miami-Dade County outlines that there are 204 registered voters living in the District. No action was required by the Board.

SIXTH ORDER OF BUSINESS		Consideration ofResolution 2018-03, Setting a Date, Time, and Location of Landowners' Election
Dr. Fishkind explained that the District is required to give a 60-day notice to set a Landowners' Election. District staff suggested November 15, 2018 at 11:00 a.m. as the date and time of the Landowners' Election.

On motion by Mr. Montenegro, second by Mr. Roiz, with all in favor, the Board of Supervisors' for the Palace at Coral Gables Community Development District approved Resolution 2018-03, Setting November 15, 2018 at 11:00 a.m. at 10850 SW 113 Place, Miami, FL 33176, as the Date, Time, and Location of the Landowners' Election.

2

SEVENTH ORDER OF BUSINESS	Public Hearing of the Adoption of the District's Annual Budget
Public Comments and Testimony
Board Comments
	Consideration	of Resolution 2018-04, Adopting the Fiscal Year 2019 Budget and Appropriating Funds

Dr. Fishkind opened the public hearing. There were no members of the public present. Dr. Fishkind closed the public hearing. Dr. Fishkind called for questions or comments from the Board Members. Hearing none, Dr. Fishkind requested a motion to approve Resolution 2018-04, Adopting the Fiscal Year 2019 Budget and Appropriating Funds..

On motion by Mr. Roiz, second by Ms. Somers, with all in favor, the Board of Supervisors' for the Palace at Coral Gables Community Development District approved Resolution 2018-04, Adopting the Fiscal Year 2019 Budget and Appropriating Funds.

EIGHTH ORDER OF BUSINESS		Consideration of Fiscal Year 2019 Funding Agreement
Dr. Fishkind explained that this District's budget is Developer funded and this agreement is the same as the agreement from last year.

On motion by Mr. Roiz, second by Mr. Montenegro, with all in favor, the Board of Supervisors' for the Palace at Coral Gables Community Development District approved the Fiscal Year 2019 Funding Agreement.

NINTH ORDER OF BUSINESS

3

Review ofAuditor Selection Committee Rankings & Selection ofAuditor

Dr. Fishkind stated that the rankings are provided from the Auditor Selection Committee so the Board can select the Auditor. He suggested that the Board appoint CRI as the District Auditor.

On motion by Mr. Roiz, second by Mr. Montenegro, with all in favor, the Board of Supervisors' for the Palace at Coral Gables Community Development District approved the Auditor Selection Committee Rankings and Appointed CRI as the District Auditor.

TENTHORDER OF BUSINESS		Review and Acceptance of Fiscal Year 2017 Audit

Dr. Fishkind explained that the District's financial position improved a little bit with increased parking revenues. He stated that the Auditor brought forward a negative balance and they show a negative balance for the District but it is not material. He clarified that the District has more than sufficient funds and it is a clean Audit. Dr. Fishkind requested a motion from�the Board to accept the Audit.

On motion by Mr. Roiz, second by Ms. Somers, with all in favor, the Board of Supervisors' for the Palace at Coral Gables Community Development District accepted the Fiscal Year 2017 Audit.

ELEVENTH ORDER OF BUSINESS	Review
Memo Counsel

of	Legislative from		District

Ms. Steine1is explained the legislative session and that very few items were passed that would affect Special Districts. She noted that there were three items and the first is a change to the Statute that deals with procurement of contracts and requirements that any companies that a District or a Public Agency does business with cannot be on certain lists like the Scrutinized Companies that Boycott Israel List, the Scrutinized Companies with Activities in Sudan List, the Scrutinized Companies with Activities in the Iran Petroleum Energy Sector List, and businesses engaged in operations in Cuba or Syria. She noted that it is the responsibility of the Contractor to assert that they have met the Chapter 287 requirements and are able to bid on these procurement projects.
She stated that there is a change to the Chapter 119 Public Records Law that now fire safety systems are included as a public record exclusion. This means that, that information is not to be made public along with security systems.

4

She stated there was also a change where Special Districts that are building, improving or expanding public facilities that are addressed by a development order can use the local government report submitted by the Developer as its public facilities report as long as it meets certain Statutory criteria.

TWELFTH ORDER OF BUSINESS	Ratification	of	Funding Requests 79 - 82
Board Members reviewed Funding Requests 79 - 82. Dr. Fishkind noted that on Funding Request No. 82 item 5 is the Bond Disclosure. Dr. Fishkind requested a motion to ratify the funding requests.

On motion by Mr. Roiz, second by Ms. Somers, with all in favor, the Board of Supervisors' for the Palace at Coral Gables Community Development District ratified Funding Requests 79 - 82.

THIRTEENTH ORDER OF BUSINESS	Review of the District's
Financial Position
Board Members reviewed the District's financial statements. No action was required.

FOURTEENTHORDER OF BUSINESS	StaffReports
Attorney - No Report
Manager - Dr. Fishkind stated that the Board must set the meeting schedule for Fiscal Year 2019. The Board agreed that the 4th Thursday of the first month of each quarter at 11:00 a.m. at 10850 SW 113 Place, Miami, FL 33176 was good.
Dr. Fishkind updated the Board about the class action lawsuits being brought against Districts due to their websites not being compliant with ADA requirements. He explained that the District Manager has acted to protect all of their Districts against there lawsuits. A page has been added to all of the District websites that indicates that District staff is revamping the website and that it is being improved and brought into compliance with what is now deemed to the regulations. He explained that his company has engaged the website Developer and all Districts got a very significant discount to bring all of the District websites into compliance. Mr. Roiz asked how the websites go against ADA requirements and if it relates to text to speech for individuals who cannot see. Dr. Fishkind responded yes and that it is the pdf files which are the problem.

5

Ms. Steinerts stated that the Plaintiff is asking for the Districts to come into compliance but she is also asking for Attorney's fees and costs which is more expensive than the
$500.00 it would cost to fix the problem.

FIFTEENTH ORDER OF BUSINESS	Supervisor Requests, Adjournment

With no further business to discuss, Dr. Fishkind suggested a motion to adjourn.

On Motion by Mr. Roiz, seconded by Ms. Somers, with all in favor, the July 26, 2018 Board of Supervisors Meeting of the Palace at Coral Gables CDD was adjourned.

Secretary/ Assistant Secretary	Chairperson/ Vice-Chairperson

6

PALACE AT CORAL GABLES COMMUNITY DEVELOPMENT DISTRICT

Minutes of the July 26,2018 Auditor Selection Committee

PALACE AT CORAL GABLES COMMUNITY DEVELOPMENT DISTRICT
AUDITOR SELECTION COMMITTEE MEETING MINUTES

FIRST ORDER OF BUSINESS	Call to Order and Roll Call
The Auditor Selection Committee Meeting for the Palace at Coral Gables Community Development District was called to order on Thursday, July 26, 2018 at 11:15 a.m. at 10850 SW 113 Place, Miami, FL 33176. Board Members listed below constituted a quorum:
Board Members present:

Oscar Roiz

Sam Montenegro Missy Somers
Also present were:

Hank Fishkind Vanessa Steinerts

SECOND ORDER OF BUSINESS

There were no public comments at this time.

THIRD ORDER OF BUSINESS

Committee Member Committee Member Committee Member

Fishkind & Associates, Inc.
Billing, Cochran, Lyles, Mauro & Ramsey, P.A.
Public Comment Period

Review ofAuditing Services Proposal from CRI

Dr. Fishkind stated that CRI is the District's current Auditor and they are the only ones who submitted a proposal.

FOURTH ORDER OF BUSINESS	Ranking	of	Auditing Services Proposals
Dr. Fishkind asked if there were any questions regarding the rankings. He stated that the rankings were pursuant to the selection of the Audit Committee at the last meeting. The rankings names CRI as the top proposer with high scores.

FIFTH ORDER OF BUSINESS	Adjournment
With no further business to discuss, Dr. Fishkind suggested a motion to adjourn.

On Motion by Mr. Roiz, seconded by Ms. Somers, with all in favor, the July 26, 2018 Auditor Selection Committee Meeting of the Palace at Coral Gables CDD was adjourned.

Secretary/ Assistant Secretary	ChairpersonNice-Chairperson

 	

2

PALACE AT CORAL GABLES COMMUNITY DEVELOPMENT DISTRICT

Minutes of the November 15, 2018 Landowners' Election Meeting

MINUTES OF MEETING

PALACE AT CORAL GABLES COMMUNITY DEVELOPMENT DISTRICT LANDOWNERS' ELECTION
Thursday, November 15, 2018

11:00 a.m.
Present:

Oscar Roiz Lynne Mullins Venessa Steine1is

FIRST ORDER OF BUSINESS

The meeting was called to order at 11:01 a.m.

Proxy Holder
District Manager (via phone) District Counsel

Call to Order and Roll Call

SECOND ORDER OF BUSINESS	Appointment ofMeeting Chairman

Lynne Mullins as District Manager, was appointed chair of the landowners' meeting.

Identification	of	Landowners and/or              Landowner's Proxy Holder(s)

Oscar Roiz is the appointed proxy holder for Palace Management Group, LLC which owns 2.5 acres within the District. Mr. Roiz is authorized to cast 3 votes for each seat.

Call for Nominations, Election ofSupervisors

Mr. Roiz cast his votes as per the Official Ballot:

Seat 1	Oscar Roiz - 3 Votes

Ms. Mullins stated that Mr. Roiz will serve a four-year term.

THIRD ORDER OF BUSINESS	Adjournment

The Landowner's Election was adjoumed.

Secretary / Assistant Secretary	Chairperson / Vice Chairperson

PALACE AT CORAL GABLES COMMUNITY DEVELOPMENT DISTRICT

Resolution 2019-01, Canvassing and Certifying Results of the
2018 Landowners' Election

RESOLUTION 2019-01
A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE PALACE AT CORAL GABLES COMMUNITY DEVELOPMENT DISTRICT CANVASSING AND CERTIFYING THE RESULTS OF LANDOWNERS ELECTION OF SUPERVISORS HELD PURSUANT TO SECTION 190.006 (2), FLORIDA STATUTES.

WHEREAS, the Palace at Coral Gables Community Development District ("District") is a local unit of special-purpose government established pursuant to Chapter 190, Florida Statutes, and is validly existing under the Constitution and laws of the State of Florida; and
WHEREAS, following proper publication and notice thereof, on November 15, 2018 the owners of land within the District held a meeting for the purpose of electing supervisors to the District's Board of Supervisors ("Board"); and
WHEREAS, at the November 15, 2018 meeting, the below recited persons were duly elected by virtue of the votes cast in their respective favor; and
WHEREAS, the Board by means of this Resolution desires to canvas the votes and declare and certify the results of said election;

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE PALACE AT CORAL GABLES COMMUNITY DEVELOPMENT DISTRICT;
The following persons are found, certified, and declared to have been duly elected as Supervisors of and for the District, having been elected by the votes cast in their favor as shown, to wit:

Seat 1	Oscar Roiz	Votes 3
In accordance with said statute, and by virtue of the number of votes cast for the respective Supervisors, they are declared to have been elected for the following terms of office:
Oscar Roiz	Years 4
Said tem1s of office commenced on November 15, 2018.
PASSED AND ADOPTED THIS 24 th DAY OF JANUARY, 2019.

ChairNice-Chair

Secretary/ Assistant Secretary

PALACE AT CORAL GABLES COMMUNITY DEVELOPMENT DISTRICT

Resolution 2019-02, Election of Officers

RESOLUTION 2019 -02 ELECTION OF OFFICERS
A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE PALACE AT CORAL GABLES COMMUNITY DEVELOPMENT DISTRICT ELECTING THE OFFICERS OF THE DISTRICT, AND PROVIDING FOR AN EFFECTIVE DATE
WHEREAS, THE PALACE AT CORAL GABLES COMMUNITY DEVELOPMENT
DISTRICT (the "District") is a local unit of special-purpose government created and existing pursuant to Chapter 190, Florida Statutes; and
WHEREAS, pursuant to Section 190.006(6), Florida Statutes, as soon as practicable after each election or appointment to the Board of Supervisors (the "Board"), the Board shall organize by electing one of its members as chair and by electing a secretary, and such other officers as the Board may deem necessary.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE PALACE AT CORAL GABLES COMMUNITY DEVELOPMENT DISTRICT:

Section 1. Section 2. Section 3.

---	-------- is elected Chair.

------------ is elected Vice Chair.
_	 		 	is elected Secretary.
_	 		 	is elected Assistant Secretary.
----	--- is elected Assistant Secretary.

 		 	 is elected Assistant Secretary.

Section 4. Section 5.

---	---- is elected Assistant Secretary.
---	---	- is elected Treasurer.
---	---	- is elected as Assistant Treasurer.

Section 6. All Resolutions or parts ofResolutions in conflict herewith are hereby repealed to the extent ofsuch conflict.
Section 7. This Resolution shall become effective immediately upon its adoption.
PASSED AND ADOPTED THIS 24 TH DAYof JANUARY, 2019
THE PALACE AT CORAL GABLES COMMUNITY DEVELOPMENT DISTRICT

CHAIRNICE -CHAIRMAN

SECRETARY/ASSISTANT SECRETARY

PALACE AT CORAL GABLES COMMUNITY DEVELOPMENT DISTRICT

Resolution 2019-03, Designating District Manager, Assessment
Consultant and Financial Advisor

RESOLUTION 2019-03

A RESOLUTION DESIGNATING FISHKIND & ASSOCIATES, INC., AS DISTRICT MANAGER OF AND ASSESSMENT CONSULTANT FOR AND FINANCIAL ADVISOR TO THE PALACE AT CORAL GABLES COMMUNITY	DEVELOPMENT	DISTRICT, AUTHORIZING COMPENSATION, AND PROVIDING AN EFFECTIVE DATE.#

WHEREAS, the Palace at Coral Gables Community Development District (“District”) is a local unit of special-purpose government created and existing pursuant to Chapter 190, Florida Statutes, being situated in the Miami-Dade County, Florida; and

WHEREAS, the Board of Supervisors (“Board”) of the District has previously appointed Fishkind & Associates, Inc. as District Manager and Assessment Consultant (hereinafter, collectively, the “District Manager”) and Financial Advisor; and

WHEREAS, the Board of Supervisors and Fishkind & Associates, Inc. desire to enter into a revised [District Management Agreement and Financial Advisor Agreement (collectively, the “Fishkind Agreement”)], which shall be dated effective as of the date of this Resolution, the form(s) of which are attached hereto as Exhibit A; and

WHEREAS, pursuant to the terms of the Fishkind Agreement, Fishkind & Associates, Inc. may, upon notice to the District, assign its rights and obligations under such agreement to any subsidiary, affiliate, or successor in connection with the sale of all or substantially all of Fishkind & Associates, Inc.’s assets; and

WHEREAS, Fishkind & Associates, Inc. has recently advised the Board of Supervisors of the District of its intent to enter into a proposed transaction (the “Transaction”) with PFM Financial Advisors LLC or PFM Consulting Services, LLC or its affiliate(s) (collectively, “PFM”) whereby Fishkind will sell all or substantially all of its assets to PFM; and

WHEREAS, in connection with the Transaction and pursuant to the Fishkind Agreement, Fishkind & Associates, Inc. desires to assign it rights and obligations as [District Manager and Financial Advisor] under the Fishkind Agreement to PFM upon and after the date the Transaction is consummated, and the Board is amenable to such assignment upon the consummation of the Transaction.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE PALACE AT CORAL GABLES COMMUNITY DEVELOPMENT DISTRICT:

Fishkind & Associates, Inc. has previously been appointed the District Manager and Financial Advisor to the District.

Fishkind & Associates, Inc., shall be compensated for services in such capacity in the manner prescribed set forth in the Fishkind Agreement attached hereto as Exhibit A, which agreement is approved as to form and substance. Upon execution of the Fishkind Agreement(s) attached hereto as Exhibit A, all prior agreements relating to the services contemplated in the Fishkind Agreement attached hereto as Exhibit A are hereby rescinded by the parties and shall be of no further force and effect.

The assignment by Fishkind & Associates, Inc. of all of its rights and obligations as [District Manager and Financial Advisor] under the Fishkind Agreement to PFM is approved by the Board in connection with, and shall become effective upon, consummation of the Transaction referenced hereinabove.

This Resolution shall become effective immediately upon its adoption.

Adopted this 24TH day of January, 2019.

ATTEST:	PALACE AT CORAL GABLES COMMUNITY DEVELOPMENT DISTRICT

Secretary/ Assistant Secretary	Chairman/ Vice Chairman

EXHIBIT A

DISTRICT MANAGEMENT AGREEMENT
This District Management Agreement (this "Agreement"), made and entered into this 24th day of January, 2019 (the "Effective Date") by and between Palace at Coral Gables Community Development District ("DISTRICT") and Fishkind & Associates, Inc. (hereinafter called the "MANAGER") sets forth the te1ms and conditions under which MANAGER shall provide services.
WHEREAS, the DISTRICT desires to obtain the services of a MANAGER to provide District Management Services; and
WHEREAS, MANAGER is capable of providing the necessary services.
NOW, THEREFORE, in consideration of the above mentioned premises and intending to be legally bound hereby, the DISTRICT and MANAGER agree as follows:
SCOPE OF SERVICES
MANAGER shall provide District Management Services as set forth in Exhibit A to this Agreement. Any material changes in or additions to the scope ofservices described in Exhibit A shall be promptly reflected in a written supplement or amendment to this Agreement. Services provided by MANAGER which are not specifically referenced in the scope ofservices set forth in Exhibit A of this Agreement shall be completed as agreed in writing in advance between the DISTRICT and MANAGER. Upon request of DISTRICT, MANAGER or an affiliate of MANAGER may agree to additional services to be provided by MANAGER or an affiliate of MANAGER, by a separate agreement between the DISTRICT and MANAGER or its respective affiliate.
WORK SCHEDULE
The services of MANAGER are to commence as soon as practicable after the execution of this Agreement and a request by the DISTRICT for such service.
COMPENSATION
For the services provided under this Agreement, MANAGER's professional fees shall be paid as provided in Exhibit B to this Agreement and DISTRICT shall pay expenses and fees for other services not set forth in Exhibit A as provided below.
Reimbursable Expenses
In addition to fees for services, MANAGER will be reimbursed for necessary, reasonable, and documented out-of-pocket expenses incuned, including travel, meals, lodging, telephone, mail, and other ordinary cost and any actual extraordinary cost for graphics, printing, data processing and computer time which are incurred by MANAGER only as authorized by the DISTRICT' s approved budget. Documentation ofsuch expenses will be provided to the
Rev.1.4.19	1

DISTRICT upon request. Reimbursement for travel, meals, and lodging is subject to Section 112.061, Florida Statutes.
Other Services
Any services which are not included in the scope of services set fmih in Exhibit A of this Agreement will be subject to separate, mutually acceptable fee structures.
TERM AND TERMINATION

This Agreement shall be effective from the Effective Date and shall continue until terminated by either paiiy as provided herein. The DISTRICT has the right to te1minate this Agreement for "good cause" which shall include misfeasance, malfeasance, nonfeasance or dereliction of duties by the MANAGER which, in each case, the MANAGER fails to cure within 10 days ofnotice thereof.  Te1mination for "good cause" shall be effected immediately by provision ofwritten notice to MANAGER. Either party hereto shall have the right to terminate this Agreement, at any time and for any reason whatsoever, upon (i) the DISTRICT providing to the MANAGER a minimum of thi1iy (30) days advance written notice ofits intention to terminate or (ii) the MANAGER providing to the DISTRICT a minimum of sixty (60) days advance written notice of its intention to terminate. All notices shall be mailed to the person and address specified for use in the giving ofnotice, in Section VII, hereof. Should the relationship be te1minated, MANAGER will be paid for all services performed and costs and expenses incurred up to the te1mination date.
ASSIGNMENT
Neither paiiy may assign this Agreement or its rights or obligations hereunder without the prior written consent ofthe other; provided, however, that MANAGER may, upon notice to the DISTRICT, assign MANAGER's rights and obligations under this Agreement to any subsidiary or affiliate of MANAGER or a successor of MANAGER in connection with the sale of all or substantially all ofMANAGER's assets. Subject to the foregoing, this Agreement shall be binding on the paiiies hereto and their respective successors and assigns.
OWNERSHIP OF INFORMATION, REPORTS, AND DATA
All infmmation, data, repmis, and records in the possession ofthe DISTRICT or any third paiiy necessary for can-ying out any services to be perfo1med under this Agreement ("Data") shall be furnished to MANAGER and the DISTRICT shall, and shall cause its agent(s) to, cooperate with MANAGER in its conduct ofreasonable due diligence in perfmming the services, including with respect to the facts that are necessary in its recommendation(s) to the DISTRICT in connection with a transaction or financial product and/ or relevant to a DISTRICT's dete1mination whether to proceed with a course ofaction. To the extent DISTRICT requests that MANAGER provide advice with regard to any recommendation made by a third party, DISTRICT will provide to MANAGER written direction to do so as well as any Data it has received from such third paiiy relating to its recommendation. DISTRICT acknowledges and agrees that while MANAGER is relying on the Data in connection with its provision ofthe services under this Agreement, MANAGER makes no representation with respect to and shall not be responsible for the accuracy or completeness ofsuch Data.

Rev.1.4.19	2

NOTICES
All notices given under this Agreement shall be in writing, sent by registered United States mail, with return receipt requested, addressed to the party for whom it is intended, at the designated below. The parties designate the following as the respective places for giving notice, to-wit:

Palace at Coral Gables Community Development District 12051 Corporate Boulevard

Orlando, FL 32817 Attention: District Manager

With copy to:

Billing, Cochran, Lyles, Mauro & Ramsey, P.A. 515 E. Las Olas Blvd., 6th Floor
F01i Lauderdale, FL 33301 Attention: Vanessa Steine1is

Fishkind & Associates
12051 Corporate Boulevard
Orlando, FL 32817
Attention: Hank Fishkind, President
TITLE TRANSFER
All materials, except functioning or dynamic financial models, prepared by MANAGER pursuant exclusively to this Agreement shall be the property of the DISTRICT. Subject to the foregoing exception, upon te1mination of this Agreement, at DISTRICT's reasonable request no later than three (3) years after the termination of this Agreement, MANAGER shall deliver to the DISTRICT copies of any and all materials or documents prepared, kept or maintained in accordance with this Agreement.
MANAGER'S REPRESENTATIVES
Assignment of Named Individuals
The professional employees of MANAGER set fo1ih below will provide the services set fo1ih in this Agreement; provided that MANAGER may, from time to time, supplement or otherwise amend the team members set f01ih below.
Jennifer Walden
Rev.1.4.19	3

Lynne Mullins
Changes in Staff Requested by the DISTRICT
The DISTRICT has the right to request, for any reason, MANAGER to replace any member of the MANAGER staff. Should the DISTRICT make such a request, MANAGER shall promptly suggest a substitute for approval by the DISTRICT.

INSURANCE

MANAGER shall maintain insurance coverage with policy limits not less than as stated in Exhibit C.

XIII . GENERAL PROVISIONS
MANAGER Not to Participate as Underwriter
The MANAGER is precluded from being an underwriter of any debt obligations issued by the DISTRICT and shall not participate, in any manner, in the initial offering for the issuance of any of the DISTRICT's debt obligations.
Limitation of Liability
Except to the extent caused by willful misconduct, bad faith, gross negligence or reckless disregard of obligations or duties under this Agreement on the part of MANAGER or any of its associated persons, neither MANAGER nor any of its associated persons shall have liability to any person for any act or omission in connection with performance of its services hereunder, or for any e1rnr of judgment or mistake of law, or for any loss arising out of any financial or other damages resulting from DISTRICT's election to act or not to act, as the case may be, contrary to or, absent negligence on the part of MANAGER or any of its associated persons, upon any advice or recommendation provided by MANAGER to DISTRICT.
Disclaimer of MANAGER
The DISTRICT acknowledges that the MANAGER is not an attorney and may not render legal advice or opinions. Although the MANAGER may participate in accumulating info1mation necessary for documents required by the DISTRICT to finalize any particular financing, such info1mation shall be verified by the DISTRICT as to its correctness; provided, however, that the DISTRICT shall not be required to verify the conectness of any infmmation originated by the MANAGER or the conectness of any information originated by the MANAGER which the MANAGER has used to fo1mulate its opinions and advice given to the DISTRICT.
Attorney Fees and Governing Law
MANAGER and the DISTRICT agree that, should a disagreement arise as to the terms or enforcement of any provision of this Agreement, each party will in good faith attempt to resolve said disagreement prior to pursuing other action. This Agreement shall be construed, enforced, and administered in accordance with the laws of the State of Florida. In the event either party is

Rev.1.4.19	4

required to take any action to enforce this Agreement, the substantially prevailing party shall be entitled to attorney's fees and costs, including fees and costs incmTed in determining entitlement to and reasonableness ofsuch fees and costs.
Indemnification

The MANAGER shall indemnify and hold the DISTRICT, its respective officers, directors, supervisors, employees, agents, successors and assigns harmless from and against any and all damages, losses, settlement payments, deficiencies, liabilities, costs and expenses, including without limitation, reasonable attorney's fees, resulting from any claim asserted by a third party against the DISTRICT, but only to the extent caused by the negligence or willful misconduct of the MANAGER. If the MANAGER receives notice of or undertakes the defense or the prosecution of any action, claim, suit, administrative or arbitration proceeding or investigation consistent with MANAGER's indemnity obligations hereunder, the MANAGER shall give the DISTRICT prompt notice of such proceedings and shall inform the DISTRICT in advance of all hearings regarding such action, claim, suit, proceeding, or investigation. MANAGER agrees that nothing in this Agreement shall serve as or be construed as a waiver of the DISTRICT's limitations on liability contained in Section 768.28, Florida Statutes or any other laws.
To the extent allowable under applicable law and except and to the extent caused by the negligence or willful misconduct of the MANAGER, the DISTRICT agrees to indemnify and hold the MANAGER and its respective officers, directors, employees, agents, successors and assigns harmless from and against any and all damages, losses, settlement payments, deficiencies, liabilities, costs, and expenses, including without limitation, reasonable attorney's fees, suffered, sustained, incurred or required to be paid related to or arising out of the subject services and/ or the engagement of MANAGER pursuant to this Agreement. Additionally, under no circumstances shall the MANAGER be responsible for any damages, losses, settlement, payments, deficiencies, liabilities, or costs and expenses arising out of or related to the execution or implementation of instruction or directions provided by the DISTRICT or any of its duly designated agents or representatives. If the DISTRICT receives notice of or unde1iakes the defense or the prosecution of any action, claim, suit, administrative or arbitration proceeding or investigation consistent with DISTRICT's indemnity obligations hereunder, the DISTRICT shall give the MANAGER prompt notice ofsuch proceedings and shall inform the MANAGER in advance of all hearings regarding such action, claim, suit, proceeding, or investigation.
Notwithstanding any provision to the contrary contained in this Agreement, in no event shall either paiiy be liable, either directly or as an indemnitor, to the other, for any special, punitive, indirect and/ or consequential damages, including damages attributable to loss of use, loss of income or loss of profit even if the other paiiy has been advised of the possibility of such damages.
In the event that claims(s) raised against the MANAGER because this Agreement, or because the Services performed hereunder, including claims for indemnification under this Section 5 is/ are covered under MANAGER's insurance policies required hereunder, the MANAGER shall not be responsible for any loss, damage or liability

Rev.1.4.19	5

		 beyond the policy limits contractually required hereunder and actually paid pursuant to the limits and conditions of such policies. With respect to any other cause of action and/ or claim arising under this Agreement, or otherwise arising because of, or because,
the services provided hereunder, MANAGER's liability shall not exceed an amount equal to twice the amount of the annual compensation for such services during the Agreement year in which such cause of action and/ or claim against the MANAGER arose.
Time of the Essence
The DISTRICT and the MANAGER agree that time is of the essence and that the services of the MANAGER shall be performed expeditiously.
Entire Agreement
This Agreement represents the entire agreement between DISTRICT and MANAGER for District Management Services contemplated hereby and supersedes all prior agreements, contracts, arrangements, or communications between the parties with respect to the subject matter addressed herein, whether oral or written. This Agreement may not be amended or modified except in writing signed by both parties. For the sake of clarity, any separate agreement between DISTRICT and MANAGER or any affiliate of MANAGER shall not in any way be deemed an amendment or modification of this Agreement. The invalidity in whole or in part of any provision of this Agreement shall not void or affect the validity of any other provision.

Authority to Execute and Counterparts
Each party to this Agreement represents, warrants, and covenants to the other that the person or persons signing this Agreement on behalf of such party is authorized and empowered to sign and deliver this Agreement for such party, that such party has the lawful authority to enter into this relationship, and that the governing or managing body of each party has approved this relationship and has similarly authorized the execution of this Agreement. This Agreement may be signed in any number of counterparts, each of which shall be an original and all of which when taken together shall constitute one and the same document.
Public Records Disclosure
MANAGER understands and agrees that all documents of any kind provided to the DISTRICT in connection with this Agreement may be public records, and, accordingly, MANAGER agrees to comply with all applicable provisions of Florida law in handling such records, including but not limited to Section 119.0701, Florida Statutes. Consultant acknowledges that the designated public records custodian for the DISTRICT is Fishkind & Associates, Inc. ("Public Records Custodian"). Among other requirements and to the extent applicable by law, the MANAGER shall 1) keep and maintain public records required by the DISTRICT to perform the service; 2) upon request by the Public Records Custodian, provide the DISTRICT with the requested public records or allow the records to be inspected or copied within a reasonable time period at a cost that does not exceed the cost provided in Chapter 119, Florida Statutes; 3) ensure that public records which are exempt or confidential, and exempt from public records disclosure requirements, are not disclosed except as authorized by law for the duration ofthe Agreement te1m and following the Agreement term if the MANAGER does not transfer the records to the Public Records Custodian of the DISTRICT; and 4) upon completion ofthe Agreement, transfer to the DISTRICT, at no cost, all public records in MANAGER's possession or, alternatively, keep, maintain and meet all applicable requirements

Rcv. 1.4.19	6

for retaining public records pursuant to Florida laws. When such public records are transfe1Ted by the MANAGER, the MANAGER shall destroy any duplicate public records that are exempt or confidential and exempt from public records disclosure requirements. All records stored electronically must be provided to the DISTRICT in a format that is compatible with Microsoft Word or Adobe PDF fo1mats.
Independent Contractor
MANAGER, its employees, officers and representatives at all times shall be independent contractors and shall not be deemed to be employees, agents, paiiners, servants and/ or joint venturers of DISTRICT by vi1iue of this Agreement or any actions or services rendered under this Agreement. Nothing in this Agreement is intended or shall be construed to give any person, other than the Parties hereto, their successors and permitted assigns, any legal or equitable rights, remedy or claim under or in respect of this Agreement or any provisions contained herein. In no event will MANAGER be liable for any act or omission of any third paiiy or for any circumstances beyond MANAGER's reasonable control including, but not limited to, fire, flood, or other natural disaster, war, riot, strike, act of tenorism, act of civil or military authority, software and/ or equipment failure, computer virus, or failure or intenuption of electrical, telecommunications or other utility services.
Sovereign Immunity

Nothing herein shall be interpreted or construed as a waiver of the protections, immunities, and limitation of liability afforded the DISTRICT pursuant to Section 768.28, Florida Statutes, the doctrine of Sovereign Immunity.
In witness whereof, the parties hereto have executed this Agreement, in duplicate, as of the Effective Date above written.

Board of Supervisors:

Palace at Coral Gables Community Development District Sign	 		 		 		 	
Print Name-- -	--	---

Fishkind & Associates, Inc.

Hank Fishkind, Ph.D., President
Rcv.1.4.19	7

EXHIBIT A SCOPE OF SERVICES

General Management Services
General Consultation, Meetings, and DISTRICT Representation
The Manager shall organize the DISTRICT meetings. This includes, but is not limited to, providing the agenda and Board packages, scheduling, notification, publication and related matters. The service to be provided shall also include, but not be limited to planning, scheduling, production and quality control, coordination, and administration of various professional service elements.
The manager shall prepare and submit to the DISTRICT' s Board of Supervisors a proposed annual budget and administer the adopted budget of the DISTRICT.

As the DISTRICT's Manager, we will consult with the DISTRICT Board of Supervisors and its designated representatives, and when necessary, participate in such meetings, discussions, project site visits, workshops, and hearings as may pe1iain to the administration, accomplishment and fulfillment of the professional services with regard to the projects and general interest of the DISTRICT.
The Manager shall consult with and advise the DISTRICT on matters related to the operation and maintenance of the DISTRICT and assist the DISTRICT to ensure compliance with all statutes and applicable law affecting the DISTRICT. The Manager will maintain the DISTRICT's website in compliance with applicable law and ensure an e-mail system is in place which provides a separate "CDD e-mail address" for all Board members with an archiving system which will allow the Manager to respond to public records requests and maintain e-mails in compliance with applicable records retention law.
Accounting Services
The Manager shall define and implement an integrated management repmiing system which will allow the DISTRICT to represent fairly and with full disclosure the financial position of the DISTRICT. Monthly financial statements will be provided in addition to a year-end audited financial statement to be prepared by a certified public accounting film selected by the DISTRICT. These services will be coordinated with the DISTRICT's auditors to assure a smooth and efficient audit of the DISTRICT's books.

Minutes and Records
The Manager shall define and implement a system of record management for the DISTRICT, including a concise and accurate record of the official actions of the Board of
Rev.1.4.19	8

Supervisors and any appointed boards or committees, and shall oversee the maintenance and disclosure of DISTRICT's records pursuant to Florida law.
Annual Assessments, Lien Book Maintenance and Dissemination Agent
The Manager will maintain the tax roll for the DISTRICT and coordinate and rep01i to the Tax Assessor and Tax Collector for the j urisdiction in which the DISTRICT exists.
The Manager will administer the DISTRICT's assessment methodology during platting and maintain the DISTRICT's lien book and release of liens at closings.

The Manager will provide continuing disclosure filing coordination and assistance for DISTRICT debt issues on EMMA as required by the MSRB and other regulatory agencies.

Rev.1.4.19	9

Rcv.1.4.19

EXHIBIT B COMPENSATION FOR SERVICES

Type of District	Management		
Inactive	$5,000 		
Developer Control	$35,000		
Resident Control	$60 ,000		
Website	Set Up 	Annual	
Minimum 	$2,000 	$1 ,000	
Standard	$3, 000	$1 ,500	
Deluxe	$5,000 	$5 ,000	
Lien Book, Tax Roll, and Continuing Disclosure Services	Amount		
Base Fee	$5,000		
Fee per debt issue	$7, 500		

The table below outlines the minimum management fees. The fees depend upon the type of district, the website selected, and the number of debt issues outstanding for the DISTRICT. Fees are reviewed and adjusted annually pursuant to the DISTRICT's budget process. Our fees include the provision of the services described in Exhibit A, as well as the reimbursable expenses set fmih in Section III(l).

Fee

10 

E XHIBIT C INSURANCE

MANAGER shall provide and maintain the following levels of insurance coverage at all times subsequent to the execution ofthis Agreement:
Worker's Compensation insurance to cover full liability under worker's compensation laws in effect in Florida.

General Liability insurance with limit of one million dollars ($1,000,000.00) per each occurrence.
Professional Liability insurance with limit of one million dollars ($1,000,000.00) per each occurrence. Claims-made policies shall have at least a three-year reporting period.
Employment Practices Liability insurance with limit of two million dollars ($2,000,000.00) per each occurrence.
Commercial Crime insurance with limit of two million dollars ($2,000,000.00) per each OCCUlTence.
Comprehensive Automobile Liability insurance for all hired and non-owned vehicles used by the Consultant's staff with a combined single limit of one million dollars ($1,000,000.00).
The DISTRICT (and its staff, consultants, and supervisors as applicable) will be listed as additional insureds on the General Liability and Automobile insurance policies described above. The DISTRICT (and its staff, consultants, and supervisors as applicable) will be listed as a joint loss payee on the Commercial Crime insurance. None of the policies above may be canceled during the te1m of this Agreement (or otherwise cause the DISTRICT to not be named as an additional insured or joint loss payee where applicable) without sixty (60) days written notice to the DISTRICT. MANAGER will furnish the DISTRICT with a Ce1tificate of insurance evidencing compliance with this section prior to Agreement commencement and upon request.

Rev.1.4.19	11 

FINANCIAL ADVISORY AG REEMENT

This agreement ("Agreement"), made and entered into this 24th day of January, 2019, (the "Effective Date") by and between Palace at Coral Gables CommunityDevelopment District ("DISTRICT") and Fishk:ind & Associates, Inc. (hereinafter called "FA"), sets forth the terms and conditions under which FA shall provide services.
WHEREAS, the DISTRICT desires to obtain the services of a financial advisor to develop and assist in implementing the DISTRICT's strategies to meet its current and long-term operations, financial obligations, capital financing needs and render assistance in respect to debt transactions; and
WHEREAS, FA is capable of providing the necessary financial advisory services.
NOW, THEREFORE, in consideration of the above mentioned premises and intending to be legally bound hereby, DISTRICT and FA agree as follows:

SCOPE OF SERVICES
FA shall provide, upon request of the DISTRICT, services related to financial planning, budget and strategic advice and planning, policy development and services related to debt issuance, as applicable and set forth in Exhibit A to this Agreement. DISTRICT acknowledges and agrees that most tasks requested by DISTRICT will not require all services provided for in Exhibit A and as such the specific scope of services for such task shall be limited to just those services required to complete the task. Any material changes in or additions to the scope of services described in Exhibit A shall be promptly reflected in a written supplement or amendment to this Agreement. Services provided by FA which are not specifically referenced in the scope of services set f01th in Exhibit A of this Agreement shall be completed as agreed in writing in advance between the DISTRICT and FA. Upon request of DISTRICT, FA or an affiliate of FA may agree to additional services to be provided by FA or an affiliate of FA, by a separate agreement between the DISTRICT and FA or its respective affiliate.
WORKSCHEDULE
The services of FA are to commence as soon as practicable after the execution of this Agreement and a request by the DISTRICT for such service.
REGISTE RED MUNICIPAL ADVISOR; REQUI RED DISCLOSU RES
FA is a registered municipal advisor with the Securities and Exchange Commission (the "SEC") and the Municipal Securities Rulemaking Board (the "MSRB"), pursuant to the Securities Exchange Act of 1934 Rule l 5Bal-2. If DISTRICT has designated FA as its independent registered municipal advisor ("IRMA") for purposes of SEC Rule 15Bal-
l (d)(3)(vi) (the "IRMA exemption"), then services provided pursuant to such designation shall be the services described in Exhibit A hereto, subject to any limitations provided herein. FA shall not be responsible for, or have any liability in connection with, verifying that FA is independent from any other party seeking to rely on the IRMA exemption (as such independent

status is required pursuant to the IRMA exemption, as interpreted from time to time by the SEC). DISTRICT acknowledges and agrees that any reference to FA, its personnel and its role as IRMA, including in the written representation of DISTRICT required under SEC Rule 15Bal­ 
l (d)(3)(vi)(B) shall be subject to prior approval by FA. DISTRICT further agrees not to represent that FA is DISTRICT's IRMA with respect to any aspect of a municipal securities issuance or municipal financial product, outside of the scope of services without FA's prior written consent.
MSRB Rules require that municipal advisors make written disclosures to their clients of all material conflicts of interest, certain legal or disciplinary events and certain regulatory requirements. Such disclosures are provided in FA's Disclosure Statement delivered to DISTRICT together with this Agreement.
IV .	FINANCIAL ADVISORY COMPENSATION

For the services provided under this Agreement, FA's professional fees shall be paid as provided in Exhibit B to this Agreement and DISTRICT shall pay expenses and fees for other services not set forth in Exhibit A as provided below.

Reimbursable Expenses
In addition to fees for services, FA will be reimbursed for necessary, reasonable, and documented out-of-pocket expenses incurred, including travel, meals, lodging, telephone, mail, and other ordinary cost and any actual extraordinary cost for graphics, printing, data processing and computer time which are incurred by FA subject to the limitations of Chapter 112.061, F.S. Upon request of DISTRICT, documentation ofsuch expenses will be provided.
Other Services
Any services which are not included in the scope of services set forth in Exhibit A of this Agreement will be subject to separate, mutually acceptable fee structures.
V.	TERMS AND TERMINATION
This Agreement shall be effective as of the Effective Date until January 24, 2020 (the "Initial Term") and shall automatically renew for additional one (1) year periods (each a "Renewal Term" and together with the Initial Term, the "Term"), unless te1minated in writing by either party upon thiity (30) days written notice to the other party without cause, or immediately upon written notice for good cause. For purposes of this Agreement, the term "good cause" shall include misfeasance, malfeasance, nonfeasance or dereliction of duties by FA which, in each case, FA fails to cure within 10 days of notice thereof. Upon such termination, FA will be paid for all services performed and costs and expenses incmTed up to the te1mination date.
VI .	ASSIGNMENT
Neither party may assign this Agreement or its rights or obligations hereunder without the prior written consent of the other party; except that upon notice to DISTRICT, (i) FA may assign this Agreement or any interests hereunder to a municipal advisor entity registered with the

Rcv.04.01.19	2

SEC that directly or indirectly controls, is controlled by, or is under common control with, FA, or

to any subsidiary or affiliate of FA or a successor of FA in connection with the sale ofall or substantially all of FA's assets. Subj ect to the foregoing, this Agreement shall be binding on the parties hereto and their respective successors and assigns.
INFORMATION TO BE FURNISHED TO FA

All information, data, reports, and records in the possession of the DISTRICT or any third party necessary for carrying out any services to be performed under this Agreement ("Data") shall be furnished to FA and the DISTRICT shall, and shall cause its agent(s) to, cooperate with FA in its conduct of reasonable due diligence in performing the services, including with respect to the facts that are necessary in its recommendation(s) to the DISTRICT in connection with a municipal securities transaction or municipal financial product and/ or relevant to the DISTRICT's detennination whether to proceed with a course of action. To the extent DISTRICT requests that FA provide advice with regard to any recommendation made by a third party, DISTRICT will provide to FA written direction to do so as well as any Data it has received from such third party relating to its recommendation. DISTRICT acknowledges and agrees that while FA is relying on the Data in connection with its provision of the services under this Agreement, FA makes no representation -»1ith respect to and shall not be responsible for the accuracy or completeness of such Data.
NOTICES
All notices given under this Agreement shall be in writing, sent by registered United States mail, with return receipt requested, addressed to the party for whom it is intended, at the designated below. The parties designate the following as the respective places for giving notice, to wit:

DISTRICT :
Palace at Coral Gables Community Development District
12051 Co1porate Boulevard
Orlando, FL 32817 
Attention: District Manager
Copy to:
Billing, Cochran, Lyles, Mauro & Ramsey, P.A. 515 E. Las Olas Blvd., 6th Floor

Fort Lauderdale, FL 33301 Attention: Dennis E. Lyles, Esq.

FA

1205 1 Corporate Boulevard
Orlando, FL 32801
Attention: Hank Fishkind, President

Rev.04.01.19	- 3 -

TITLE TRANSFER
All materials, except functioning or dynamic financial models, prepared by FA pursuant exclusively to this Agreement shall be the property of the DISTRICT. Subject to the exception described above, upon termination of this Agreement, at DISTRICT's reasonable request no later than three (3) years after the termination ofthis Agreement, FA shall deliver to the DISTRICT copies of any materials or documents pertaining to or prepared in accordance with this Agreement.
FA'S REPRESENTATIVES
Assignment ofNamed Individuals
Professional employees of FA will provide the services set forth in this Agreement and FA may, from time to time, supplement or otherwise amend the team members. The individual listed below shall be the engagement manager for this Agreement.
Hank Fishk:ind
Kevin Plenzler
Changes in Staff Requested by the DISTRICT
The DISTRICT has the right to request, for any reason, FA to replace any member of the advisory team. Should the DISTRICT make such a request, FA shall promptly suggest a substitute for approval by the DISTRICT.
INSURANCE
FA shall maintain insurance coverage with policy limits not less than as stated in Exhibit

C.
.	INDEMNIFICATION
The FA shall indemnify and hold the DISTRICT, its respective officers, directors, supervisors, employees, agents, successors and assigns haimless from and against any and all damages, losses, settlement payments, deficiencies, liabilities, costs and expenses, including without limitation, reasonable attorney's fees, resulting from any claim asserted by a third party against the DISTRICT, but only to the extent caused by the negligence or willful misconduct of the FA. Ifthe FA receives notice of or undertakes the defense or the prosecution of any action, claim, suit, administrative or arbitration proceeding or investigation consistent with FA 's indemnity obligations hereunder, the FA shall give the DISTRICT prompt notice of such proceedings and shall inform the DISTRICT in advance of all hearings regarding such action, claim, suit, proceeding, or investigation. FA agrees that nothing in this Agreement shall serve as or be construed as a waiver of the

Rev.04.0l.19	- 4 -

DISTRICT's limitations on liability contained in Section 768.28, Florida Statutes or any other laws.

To the extent allowable under applicable law and except and to the extent caused by the negligence or willful misconduct of the FA, the DISTRICT agrees to indemnify and hold the FA and its respective officers, directors, employees, agents, successors and assigns harmless from and against any and all damages, losses, settlement payments, deficiencies, liabilities, costs, and expenses, including without limitation, reasonable attorney's fees, suffered, sustained, incun-ed or required to be paid related to or arising out of the subject services and/ or the engagement of FA pursuant to this Agreement. Additionally, under no circumstances shall the FA be responsible for any damages, losses, settlement, payments, deficiencies, liabilities, or costs and expenses arising out of or related to the execution or implementation of instruction or directions provided by the DISTRICT or any of its duly designated agents or representatives. If the DISTRICT receives notice of or undertakes the defense or the prosecution of any action, claim, suit, administrative or arbitration proceeding or investigation consistent with DISTRICT's indemnity obligations hereunder, the DISTRICT shall give the FA prompt notice of such proceedings and shall inform the FA in advance of all hearings re$ardi,ng such action, claim, suit, proceeding, or investigation.
Notwithstanding any provision to the contrary contained in this Agreement, in no event shall either pmiy be liable, either directly or as an indemnitor, to the other, for any special, punitive, indirect and/ or consequential damages, including damages attributable to loss of use, loss of income or loss of profit even if the other party has been advised of the possibility of such damages.
In the event that claims(s) raised against the FA because this Agreement, or because the Services performed hereunder, including claims for indemnification under this Article XII is/ are covered under FA's insurance policies required hereunder, the FA shall not be responsible for any loss, damage or liability beyond the policy limits contractually required hereunder and actually paid pursuant to the limits and conditions of such policies. With respect to any other cause of action and/ or claim arising under this Agreement, or otherwise arising because of, or because, the services provided hereunder, FA's liability shall not exceed an amount equal to twice the amount of the annual compensation for such services during the Agreement year in which such cause of action and/ or claim against the FA arose.

. LIMITATION OF LIABILITY
Except to the extent caused by willful misconduct, bad faith, gross negligence or reckless disregard of obligations or duties under this Agreement on the part of FA or any of its associated persons, neither FA nor any of its associated persons shall have liability to any person for (i) any act or omission in connection with performance of its services hereunder; (ii) any error of judgment or mistake of law; (iii) any loss arising out of any issuance of municipal securities, any municipal financial product or any other financial product, or (iv) any financial or other damages resulting from DISTRICT's election to act, or not to act, contrary to or upon any advice or recommendation provided by FA to DISTRICT.

Rev.04.01.19	- 5

IND EP END ENT CONTRACTOR ; NO THIRD-PARTY B EN EFICIARY
FA, its employees, officers and representatives at all times shall be independent contractors and shall not be deemed to be employees, agents, partners, servants and/ or joint venturers of DISTRICT by virtue of this Agreement or any actions or services rendered under this Agreement. Nothing in this Agreement is intended or shall be construed to give any person, other than the Paiiies hereto, their successors and permitted assigns, any legal or equitable rights, remedy or claim under or in respect of this Agreement or any provisions contained herein. In no event will FA be liable for any act or omission of any third party or for any circumstances beyond FA's reasonable control including, but not limited to, fire, flood, or other natural disaster, war, riot, strike, act ofterrorism, act of civil or military authority, software and/ or equipment failure, computer virus, or failure or intenuption of electrical, telecommunications or other utility services.
APPLICABLE LAW
This Agreement shall be construed, enforced, and administered according to the laws of the State of Florida. FA and the DISTRICT agree that, should a disagreement arise as to the terms or enforcement of any provision of this Agreement, each party will in good faith attempt to resolve said disagreement prior to pursuing other action.
XVI .	ENTIR E AGR EEM ENT ; S EV ERABILITY
This Agreement represents the entire agreement between DISTRICT and FA and may not be amended or modified except in writing signed by both parties. For the sake ofclarity, any separate agreement between DISTRICT and an affiliate of FA shall not in any way be deemed an amendment or modification of this Agreement. This Agreement supersedes all prior agreements, contracts, anangements, or communications between the parties with respect to the subject matter addressed herein, whether oral or written. The invalidity in whole or in part ofany provision of this Agreement shall not void or affect the validity of any other provision.
EX ECUTION ; COUNT ERPARTS
Each party to this Agreement represents and warrants that the person or persons signing this Agreement on behalf of such party is authorized and empowered to sign and deliver this Agreement for such party. This Agreement may be signed in any number of counterpaiis, each of which shall be an original and all of which when taken together shall constitute one and the same document.

SOVEREIGN IMMUNITY.
Nothing herein shall be interpreted or construed as a waiver of the protections, immunities, and limitation of liability afforded the DISTRICT pursuant to Section 768.28, Florida Statutes, the doctrine of Sovereign Immunity.

Rev.04.01.19	- 6 -

[Signa ture Pa ge Follows]

Rev.04.01.19	- 7 -

IN WITNESS THEREOF, the DISTRICT and FA have executed this Agreement as of the day and year herein above written.

PALACE AT CORAL GABLES COMMUNITY DEVELOPMENT DISTRICT

By:		­ Name:----------

Title:	--	-	-
Date: -------------

FA

By:   	

Name: -
Title: President
Date: -------------

Rev.04.01.19	- 8 -

E XHIBIT A SCOPE OF SERVICES

Services related to the Financial Planning and Policy Development upon request ofthe DISTRICT:
Assist with the formulation of the DISTRICT's special assessment methodology or similar security for debt issuance in consultation with the DISTRICT's counsel, consulting engineer, bond counsel, and other consultants and professionals
Assist the DISTRICT in the formulation of Financial and Debt Policies and Administrative Procedures.

•

•
•
•

•

•

Rev.04.01.19

Review cmTent debt structure, identifying strengths and weaknesses of structure so that future debt issues can be designed to maximize ability to finance future capital needs. This will include, but not be limited to, reviewing existing debt for the possibility of refunding that debt to provide the DISTRICT with savings.

Analyze futµre <;J.ebt capacity to determine the DISTRICT's ability to raise future debt capital.
Assist the DISTRICT in the development of the DISTRICT's Capital Improvement Program by identifying sources of capital funding.
Assist the DISTRICT with the development of the DISTRICT's financial planning efforts and process by assessing capital needs, identifying potential revenue sources, analyze financing alternatives such as pay-as-you-go, lease/ purchasing, short-term vs. long-term financings, assessments, user fees, impact fees, developer contributions, public/ private projects, and grants and provide analysis of each alternative as required as to the budgetary and financial impact.
Review the reports of accountants, independent engineers and other project feasibility consultants to ensure that such studies adequately address technical, economic, and financial risk factors affecting the marketability of any proposed revenue debt issues; provide bond market assumptions necessary for financial projections included in these studies; attend all relevant working sessions regarding the preparations, review and completion of such independent studies; and provide written comments and recommendations regarding assumptions, analytic methods, and conclusions contained therein.
Develop, manage and maintain computer models for long-te1m capital planning which provide for inputs regarding levels of non-ad valorem special assessment and other revenues growth rates by revenue and expenditure item, timing, magnitude and cost of debt issuance, and project operating and capital balances, selected operating and debt ratios and other financial performance measures as may be dete1mined by the DISTRICT.

- 9 -

Conduct strategic modeling and planning and related consulting.
Attend meetings with DISTRICT's staff, consultants and other professionals and the DISTRICT.
Undertake financial planning and policy development assignments made by the DISTRICT regarding financings, and financial policy including budget, tax, cash management issues and related fiscal policy and programs.
Assist the DISTRICT in preparing financial presentations for public hearings and/ or referendums.
Provide special financial services as requested by the DISTRICT.
Services Related to Debt Transactions (Includes short term financings, notes, loans, letters of credit, line of credit and bonds); provided that if the transaction is competitive, the services of the financial advisor will reflect that process. Upon the request of the DISTRICT:
Analyze financial and economic factors to determine if the issuance ofbonds is appropriate.
Develop a financing plan in concert with DISTRICT's staff which would include recommendations as to the timing and number of series of bonds to be issued.
Assist the DISTRICT by recommending the best method of sale, either as a negotiated sale, private placement or a public sale. In a public sale, make recommendation as to the determination of the best bid. In the event ofa negotiated sale, assist in the solicitation, review and evaluation of any investment banking proposals, and provide advice and information necessary to aid in such selection.

•
•
•
•
•
•

Rev.04.01.19

Advise as to the various financing alternatives available to the DISTRICT.
Develop alternatives related to debt transaction including evaluation of revenues available, maturity schedule and cash flow requirements.
Evaluate benefits of bond insurance and/ or security insurance for debt reserve fund.
If appropriate, develop credit rating presentation and coordinate with the DISTRICT the overall presentation to rating agencies.
Review underwriter's proposals and submit a written analysis of same to the DISTRICT.
Assist the DISTRICT in the procurement of other services relating to debt issuance such as printing, paying agent, registrar, etc.

- 10 -

Identify key bond covenant features and advise as to the financial consequences of provisions to be included in bond indentures, resolutions or other governing documents regarding security, creation of reserve funds, flow of funds, redemption provisions, additional parity debt tests, etc. ; review and comment on successive drafts of bond governing documents.

Review the requirements and submit analysis to bond insurers, rating agencies and other professionals as they pertain to the DISTRICT's obligation.
Review the terms, conditions and structure of any proposed debt offering undertaken by the DISTRICT and provide suggestions, modifications and enhancements where appropriate and necessary to reflect the constraints or current financial policy and fiscal capability.
Coordinate with DISTRICT's staff and other advisors as respects the furnishing of data for offering documents, it being specifically understood that FA is not responsible for the inclusion or omission of any material in published offering documents.
As applicable, advise the DISTRICT on the condition of the bond market at the time of sale, including volume, timing considerations, competing offerings, and general economic considerations.
Assist and advise the DISTRICT in negotiations with investment banking groups regarding fees, pricing of the bonds and final te1ms of any security offering, and make recommendations regarding a proposed offering to obtain the most favorable financial terms based on existing market conditions.
Arrange for the closing of the transaction including, but not limited, to bond printing, signing and final delivery of the bonds.
Assist and advise the DISTRICT with investment of proceeds of debt offerings
Special Se rvices . Upon request of the DISTRICT:
FA may provide other services which shall include, but not be limited to, the following:
Impact fee financial analysis
Rate analysis
Management analysis
Referendum assistance
Legislative initiatives
Project assessment analysis
Implementation of revenue enhancement programs
Investment advisory services (services to be provided by an affiliate of FA under separate agreement between the DISTRICT and such affiliate))

Rev.04.01 .19

- 11 -

Rev.04.01.19

Arbitrage and rebate services (services to be provided by an affiliate of FA under separate agreement between the DISTRICT and such affiliate)
Financial analysis of projects being developed by engineer/ architect studies

Negotiate on behalf of the DISTRICT for proposed projects

EXHIBIT B
COMPENSATION FOR SERVICES (NEOGITABLE}

Descri ption	Unit Price
TRANSACTIONAL FEE SCHEDULE

A. Conventional Long-Term Fixed Rate Debt
Up to $25 Million	Investment Grade
$ 1.00/ $1,000	Grade
$1 .00/ $ 1,000	

$25 Million up to $50 Million	
$0.85/ $ 1,000	
$1 .00/ $ 1,000	

Over $50 Million up to $75 Million	
$0.75/ $1,000	
$0. 85/ $1,000	

Over $75 Million	
$0.50/ $1 ,000	
$0.75/ $ 1,000	

Above Fees Subject To: Minimum	

$20,000.00	

$25,000.00	

Non-investment

Maximum

                       $125,000.00

$200,000.00

Additional Fee - Refunding Transaction	$ NIA (excluding escrow structuring if
requested)

Notes, Including but not Limited to TANS and RANS $1 5,000.001
1Fee for investment grade, publicly offered issues; fee for private placement or non-investment grade public offering will be negotiated prior to the sale.

NON-TRANSACTIONAL FEE SCHEDULE
Professional Fees

Managing Director
Senior Managing Consultant (other senior staff) Senior Analyst (Analyst)
Administrative Staff

$300.00/ Hour

$250.00/ Hour
$1 50.00/ Hour
$0.00	/ Hour

Out ofPocket Expenses (subject to Section 112 .061, Florida Statutes)
Not to Exceed	$2,000.00 per Issue*

Travel Lodging Meals Postage Telephone Copies Printing

Rev.04.01.19

At Cost At Cost At Cost At Cost At Cost
0. 10 Black & White; 0.50 for Color
10 Black & White; 0.50 for Color

13 

*FA also offers a flat "overhead" fee of $1 ,500 per financing to cover all typical expenses (copies, printing, in state travel, etc). Both structures exclude New York and other out of state travel, which is billed at cost.
Other Services

In addition to advising on bond transactions, FA is often called upon to perform many additional duties. These may include structuring and implementation of the refunding escrow, debt service reserve and debt service payment fund investment structuring, arbitrage rebate compliance, investment agreement and float contract bidding, investment liquidation, interest rate swap pricing and implementation, and other related services. These services would be provided via separate contract with the appropriate FA related entity such as FA Asset Management, LLC. If needed or required under this proposal, these services are subj ect to a separate fee to be negotiated in advance at the time of the service. FA fully discloses all fees related to any transaction.

Rev.04.01.19	- 14 -

E XHIBIT C INSU RANCE

Fishkind & Associates, Inc. ("FA") has a complete insurance program, including property, casualty, comprehensive general liability, automobile liability and workers compensation. FA maintains professional liability and fidelity bond coverages which total $30 million and $10 million, respectively. FA also carries a $10 million cyber liability policy.
Our Professional Liability policy is a "claims made" policy and our General Liability policy claims would be made by occurrence.
Deductibles /SIR :
Automobile $250 comprehensive & $500 collision Cyber Liability $50,000
General Liability $0
Professional Liability (E&O) $1,000,000 Financial Institution Bond $75,000

Insurance Company & AM Best Rating
Professional Liability (E&O)	Endurance American Specialty Insurance; (A+; XV)
XL Specialty Insurance Company; (A; XV) Continental Casualty Company; (A; XV)
Starr Indemnity & Liability Company; (A; XIV)

Financial Institution Bond Cyber Liability
General Liability Automobile Liability Excess /Umbrella Liability Workers Compensation
& Employers Liability

Rev.04.01.19

Federal Insurance Company; (A++; XV) Indian Harbor Insurance Company (A; XV)
Great Northern Insurance Company; (A++; XV) Federal Insurance Company; (A++; XV) Federal Insurance Company; (A++; XV)
Great Northern Insurance Company; (A++; XV)

15

PALACE AT CORAL GABLES COMMUNITY DEVELOPMENT DISTRICT

FY 2018 Audit Engagement Letter

CRI 

�l:G: :
INGRAM 

CPAs  and Advisors

November 2, 2018
The Palace at Coral Gables Community Development District Fishkind & Associates, Inc.
12051 Corporate Blvd.
Orlando, FL 32817

Carr, Riggs & Ingram, LLC Certified Public Accountants 500 Grand Boulevard
Suite 210
Miramar Beach, Florida 32550

(850) 837-3141
(850) 654-4619 (fax)
CRlcpa.com

We are pleased to confirm our understanding ofthe services we are to provide The Palace at Coral Gables Community Development District fo r the year ended September 30, 2018. We will audit the financial statements of the governmental activities, each major fund, and the aggregate remaining fund information, including the related notes to the financial statements, which collectively comprise the basic fina ncial statements of The Palace at Coral Gables Community Development District as of and forthe year ended September 30, 2018. Accou nting standards generally accepted In the United States of America provide for certain required supplementary information (RSI), such as management's discussion and analysis (MD&A), to supplement The Palace at Coral Gables Community Development District's basic financial statements. Such information, although not a part ofthe basic fina ncial statements, ls required by the Governmental Accounting Standards Board who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. As part ofour engagement, we will apply certain limited procedures to The Palace at Corat Gables Community Development District's RSI in accordance with auditing standards generally accepted in the United States of America. These limited procedu res will consistof inquiries of management rega rd ing the methods ofpreparing the information and comparing the information for consistency with management's responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We will not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance. The following RSI is required by generally accepted accounting principles and will be subjected to certain limited procedures, but will not be audited: 
Management's Discussion and Analysis.
Budgetary Comparison Schedu le,
Audit Objectives
The objective of our audit is the expression of opinions as to whether your financial statements a re fairly presented, in all material respects, in conform ity with U.S. generally accepted accounting principles and to report on the fa irness of the supplementary information referred to in the second paragraph when considered in relation to the fina ncial statements as a whole. Our audit will be conducted in accordance with auditing standards generally accepted in the United States ofAmerica and the standards for financial audits contained in Government Auditing Standards, Issued by the Comptroller General of the United States, and will include tests of the accounting records of The Palace at Cora l Gables Commu nity Development District and other procedures we consider necessary to enable us to express such opinions. We will issue a written report upon completion of our audit of The Palace at Coral Gables Community Development District's fina ncial statements. Our report will be addressed to the Board of Supervisors of The Palace at Coral Gables Community Development District. We cannot provide assurance that unmodified opinions will be expressed. Circumstances may arise in which it is necessary for us to modify

uonumr odiifnieiodn,swoer wadildl deismcpushsastihs-eofr-emaastotnesr worithotyhoeur-minatatdevranpcaera. grIfapchirsc. uImf sotuarncoepsinoioccnusrarreelaottehdetroththane sciognndifiitcioantorfisykooufrmreactoerrdiasl, mthisesatavtaeilmabeinlittyoof fthseufffiincaienncti,alasptpartoepmreianttes acuadusiteedvbidyeenrcreo,r,ofrrtahueduelxeisnttefnincaenocfiaal trheepoarutidnigt,oorrfmorismapinpgroapnrioaptinnioonfoansstehtes, fwinhaicnhciianl ostuartpermoefensts,iownael jreutdagimn ethnet prrigehvtetnot utsakfreoamnycocmouprlesetinogf wacithodnrapwerinmgitftreodmbtyhperoenfegsasgioenmael nsta. ndards, including declining to express an opinion or issue a report, or 
sWtaetewmilleanltsso apnrodvcidoemaprlieapnocert w(tihtahttdhoeesprnoovtisiniocnlusdoefalnawosp,inrieognu}laotnioinntse, rcnoanl tcroanctso, larnedlatgeradntto atghreefeinmaennctias,l GnoonvecornmmpelinatnAceudwitiitnhg Swthaincdharcdosu.lTdhhearveepoartmoantienrtiearl neaflfceoctntoronl athned ofinnacnocmi apll isatnacteemanedntosthaesr rmeaqtutierersdwbiyll oinfcilnutdeernaapl acroangtrraopl hatnhdactosmtaptelisan(1ce) t, haantdththeepruerspuoltsse offthaetrteepsotrintgis, saondlelnyottotdoepscrorivbiedethaensocoppineioonftoensttihneg eanffeacutdivitepnersfsoorfmtehdeInenatcictyo'rsdianntceernwailthcoGnotrvoelrnomn econmtApulidainticneg, Satnadnd(2a)rdthsaint tchoensriedpeorirntgisthaen ei nteitgyr'salinptaerrtnoafl cIfodnutrinlganodurcoaumdpitliwaneceb.eTchoempeaarwagarraepthhwatilTl ahlesoPsatlaceetahtaCt othrael rGeapbolretsisCnoomtmsuuitnaitbyleDfeovrealonypmotehnetrDpiustrrpioctseis. scou bmjemcut ntiocaaten taoumdiatnraegqeumirenmteanntdtthhaotsies cnhoatrgeendcwomithpagso.sveedrninantcheethteartmasn aoufdtihtisin eancgcaogrdeamnecnetw, withe Uw.Sil.l AgeundeitrinagllySatacncedpatredds mauadyitniontg ssattaisnfdyatrhdes raenledvtahnet lsetgaanld, arerdgsulfaotor rfyin, aonrccioanl taruadctitusacl orenqtauiinre md ei nntGs.overnment
Audit Procedures-General

abuse.

fAinaanucdiaitl sitnactleumdeesntesx;atmheinreinfgo,reo,noaurtaeustdibtawsiisll, ienvodlevnecjeudsgumppeonrttainbgotuhtethaemnouumntbseranodf tdriasncsloascutiroenssitnotbhe pexoalimcieinseudsaenddatnhdetahreearseatsoobneatbelestneeds.sAonf asiugdniitfiaclasnoti nacclcuoduensteinvga leusattimingattehsemapapdreobpyriamteaneasgseomfeanctc,oausnwtinegll oasbteavianlureataisnogntahbeleoavsesruarl lapnrceesaenbotauttiownhoeftthheer tfhineafnicniaanl cstiaaltsetmateenmtse. nWtseawreillfrpelaenoafnmdapterifaolrm istshteataeumdietntto, owfhleatwhserofrrgoomve(1r)nemreronrtsa,l {r2e}gfuralautdiounlesntthfaitnaanreciattrreipboutrtaibngle, t(3o)tmheisagpopverornpmriaetniotnoor ftoasascettss,boyr m(4a) nvaiogleamtioent GoroveemrnpmloeynetesAuadctitininggoSntabnedhaardlfsofdothneogtoevxeprencmt eanutd. itBoercsatuoseprtoheviddeetreeramsoinnaatbiolen acsifsuarbaunscee isofsudbejteeccttivineg,
Banedcabuesceaoufstehwe ienhweilrlennottlipmeitrfaotriomnsaodfeatnaialeuddiet,xcaomminbaintieodnwoiftha ltlhterainshaecrteiontnsli,mthitearteioinssaofriisnktethrnatalmcoantetrroi al,l pmeisrfsotartmeemdenintsamccaoyrdeaxniscte awndithnoUt.Sb. egedenteercatlleydabcyceupst,edevaeundtithiongugshtatnhdeaardusdiatni ds pGroovpeernrlympelnatnAneudditainngd Sotragnodvaerrdnsm.  Inenatdadl irteiognu,laatnioanusdtihtaist ndo ndoetsihganveed atodidrecetcatnimd matteerriiaall mefifsescttatoenmtehnetsfionravnicoialaltsiotantseomfelanwtss. Hreopwoertvinegr,,woer mwiisllaipnfporromprtiahteioanpoprfoapsrsieattsetlheavtecl ommeatnoaoguermaetntet notfioan. Wmeatwerililaal elsroroinrsf,ofrrmautdhueleanptpfrionpa rnicaitael ulenvlessofclmeaarnlyaginecmoennsteqoufeanntyiavl,ioalnadti ofsa noyf lmawatseoriragl aobveusrnemtheanttcaol mreegsu ltaotiounrs atthtaetnctioomn.eOtuororuerspaottnesnibtiiolitny,
2

waseaaurdeitnoortseisngliamgieteddastoauthdeitopresr.iod covered by our audit and does not extend to later periods for which
Oacucropurnotsc,edaunrdesmwaiyll Iincllude ttesttss ooffdtohceu mp heynstiacrayl  exiisdteenncceesoufppinovretinntgortihees,traanndsadcitrieocnts croencfoirrdmeadtiionnthoef
sroecuerciveasb, lcersedaintdorcse, ratnadinfiontahnecriaalsisnesttsitautnidonlisa.bWilietiewsilbl yrecqourersetswpornitdtenncrepwreitshensetaletciotnesd firnodmivyidouuarlsa,tftuonrndeinygs asudpiat,rtwoefwthi lel reenqguairgeecmeertnati,nawndritttheenyrmeparyesbeilnl tyaotuiofnosrfrosmpoynoduinabgotuottyhoisu irnrqeus piroyn. Asitbtilhiteiecsofnocrltuhseiofninoafnociuarl sretastpeomnseinbtisli;tiecsormeqpuliiarendcebywgeitnheralalwlysa,ccreepgtueldataioundsit,ingcostnatnradcatrsd, s.and   grant   agreements;   and   other
Audit Procedures-Internal Control
iOnuter ranuadl citowntirlol li,nsculuffdiceieonbtttaoinainssgesasnthuendrieskrsstoanfdminagteorifa ltmheisgstoavteermnmenetnotfatnhde fiitnsaenncviairl ostnamteemnte,nItnscalunddintog

issued pursuant to Government Auditing Standards.

tdeesstigthnethefefencattiuvreen,etsims oinfgc,eartnadinecxotenntrtoolsf ftuhratthwere acuodnistidperor creleuvraenst. tToesptrseovfencotinntgroanlsdmdaeytebcetipnegreforrromrsedantdo frreas�udltitnhgaftroamreillmegaatel raicatls taondthoethfeinrannocniaclosmtaptlieamnceentms aattnedrsttohaptrehvaevnetaindgiraencdt adnedtemcattinegriaml eisffsteactteomnetnhtes foinpianniocinalosntaintetemrenantl sc.oOnturrotl easntds,, aifcpceorrfdoinrmglye,dn, owoilpl ibneiolensws iilnl bsecoepxeprtehsasnedwionuoldu rbreepnoercteossnairnytetornraelncdoenrtraonl
mAnataeurdi aitl wisenaoktndeessseigsn. eHdowtoevpreor,vdidueriansgstuhreanacuediot,nwinetwerinll aclocmonmturonlicoartteotoidmenatnifaygseimgneifnitcantddtehfoisceiecnhcaiersgeodr wpriothfegssoivoenranlasntacendianrtdesrnaanldcoGnotvreornl  rmeleantteAd umdiattintegrSs ttahnadtaardres. required to  be communicated under AICPA
Audit Procedures-Compliance

not express such an opinion in our report on compliance issued pursua nt to Government Auditing

Amsispstaarteomfeonbtt,awineinwg irlleapseornfoarbmle taessstus roafncTehea bPoaulatcwe haetthCeorratlheGafbinleasncCiaolmstmatuenmitye nDtsevaerleofprme enotfDmisattreicrtia'sl cHoomwpelviaenr,ctehewoitbhjetchteiveproofvoisuironasudoitfwaipllpnlioctabblee tloawprso, vriedgeualantioopnisn,iocnoontnraocvtes,raal lgcroemempeliantnsc,e aanndd wgreanwtisl.l 
Standards.

Comm un ity Development District in conformity with U.S. generally accepted accou nting principles based

Other                                                                                                                            Services We wil l a lso assist in pre paring the financia l statements and related notes of The Palace at Cora l Gables

Auditing Standards an d s uch services will not be conducted in a ccordance with Government Auditing

on information provided by you. Th  e non audit services do not constitute an au dit u n der Governmen t

construed as assuming management responsibilities.

Standards. We will perform the services in accordance with applicable professio nal standards. The other jsuedrvgiecmeseanrt,e rliemseitrevde ttohetherigfhintatnociarel fstuasteemtoenptersfeorrvmiceasnpyrepvrioocuesdlyurdeefoinretda.kWe ea,niyn aocutriosnoltehpartocfeosusldionbael
3

WLoecawl GilloavlseornemxaemntinIenvtehsetDmiestnrticPt'osliccoiems,palisanocfeSwepitthemthbeerre3q0u,ir2e0m1e8n. tOsuorfeSxeacmtioinna2t1io8n.4w15ill, bFelorciodnadSutcateudteisn,
Aa cccoudnatnacnets.wAictchoradtitnegsltya,tiitown ilsl tinacnlduadredsexaemstianbinlisgh, eodn abtyest beasAism, yeoriucrarnecIonrsdtsituatned ootfheCreprtriofcieedduPreusbtlioc ofbStauipneervisdoernscoefntehceeDssisatrryictto. Weneacbalennuosttopreoxvpidreesassosuraonpcienitohna.tOaunrurnempoordtiwfielldl boepaindiodrnewssiel ldbteoetxhpereBsoseardd.
uCnirmcuomdsiftiaendc, ewsemwaiyll adrisisceusins twhheicrehaistoisnsnweciethssyaoryu finoraudsvatnocme.oIfd,iffyoroaunryorpeinasioonn., Iwf oeuarreopuinnaiobnleitsoocthoemrptlheaten tohpeineioxnamo irnmataiyonwoitrhdaraewufnraobmletthoisfeonrgmagoermheanvte. not formed an opinion, we  may decline to express an 
Management Responsibilities
eMvaanluaagteinmgeannt dismorensiptoorninsgibloengforingesatcatbivliisthieins,gtoanhdelpmeaninstuarienitnhgatefafpepcrtoivperiaintetegron als caonndtrooblsj,ecitnivcelusdainrge amnedt;pfroollpoewrliyngrelapworstaend.d Mreagnualagteiomnesn;tainsdaelsnosurerisnpgotnhsaibtlme faonragimemplemteanntdinfginsaynscteiaml isnfdoersmiganteiodntoIs areclhiaiebvle

contracts and grant agreements.

fcoormthpeliasnecleecwtioitnh aanpdplaicpapblilcealtaiowns,orfeagcucloautinotnins,gcpornintrcaipcltess, ,afnodr tghreanptreagpraeraetmioenntasn. dYfoaui raprreeaselsnotaretisopnoonfsitbhle faicncaonucniatlinsgtaptreimnceipnltess,aanndd aflol racocommppl iancyeingwiitnhfoarpmpalitciaobnle•inlawcosnfaonrdmriteyguwlaitihonUs.Sa.ndgetnheerapllryovaicsicoenpsteodf
Manadnfaogretmheenatccisuraalcsoy arnedspcoonmsipblletfeonresmsaokfinthgaatlIlnffionramncaitailorne.cYoorudsaraenadlsroelraetsepdoinnsfiobrlme faotriopnroaviadiilnagbluestwo ituhs p(1r)esaecncteastsiotnoofatl lheinfoinramnactiaiol nstaotfemwehnicths, (y2o)uadadreitioanwaal rienfothramtatIsionretlheavtawntetmo atyhreeqpurestafroartitohne apnudrpfoasier onfectehsesarydtito, oanbdta(i3n)auundritesetvridteendcea.ccess to persons within the government from whom we determine it
Yconufrirrmesinpgontsoibuislitiinesthinecwludriettaednjursetpinregstehnetaftinioanncleiattl estrattheamt ethntes etfofeccotrsreocftamnyatuenricaol rmreiscstteadtemmisesnttasteamndenfotsr
aimggmreatgeartieadl, bboythusindduivriidnugatllhyeancdu rirnetnhteeangggargeegmateen, toatnhde pfienratnaciniainl gstatotetmheentlastteasktepnearsioadwphroelsee,nted  are Yfroauuda,rea nrdesfpoornisnifbolermfoinrgthues daebsoigunt aalnl dknimowpnlemorensutastpieocnteodf pfraougdraamffseactnidngctohnetrgoolsvteornpmreevnetnitnavnodlvdin·egte(1ct)
cmoaunldagheamveenatm, (a2t)eermialpeloffyeecetsown htoh ehfaivneanscigianlifsitcaatnetmroelnetss.inYoinutrerrensapl oconsnitbriolilt,iaens di n(c3l u) odtehienrfsowrmhienrgeutshoeffyraouudr
ckonomwmleudngiceatoiofnsanfryomalleemgaptliooyneseso,ffofrrma uedr eomr pslouysepesc,tgedranftroaursd, reafgfuelcattionrgs, tohreotghoevres.rnI nmaedndtitiroenc,eyivoeuda rien creosnptorancstisb,leagforer eidmeenntitfsy, inagndangdraentssuraind tfhoartttahkeinggovteimrnemlyenantdcoampprlioesprwiaitteh astpeppliscatbolerelamwesd, yrefgruauladtioannsd,

nreopnocrotm.

pliance with provisions of laws, regulations, contracts or grant agreements, or abuse that we 

tYooureaproerrteosnp,oinnsicbolenffoorrmtihtey pwrietphaUra.St.iogneonfertahellysaucpcpeleptmeednatcacryouinnftoinrmg aptriionnci,pwlehsi.cYhowueaghareve tboeeinncelundgeagoeudr 
4

Interpretations underlying the measurement or presentation of the supplementary information.

reporteodnotnhtehesuspupplpelmemenetnatrayryinifnofromrmataitoinonin. Yaonuyadlsoocuagmreettothiantclcuodnetathines aaundditeInddficinaatenscitahl astawteemheanvtes wauitdhiteadnyfipnarensceianItsattaiotenmoefntthseresaudpiplyleamvaeinlatbarley tionfuosremrsatoifotnhtehsautpipnclelumdeenstaoruyr inrefopormrtatthioenrenoonlaotrermtahkaen the adcaktenotwheledsguipnpgletomuesnti na rtyhei nwforritmteantiorenprisesiessnuteatdiown itlehttoeur rthraetp(o1r)tytohueraeroenr.esYpoounrsirbelsepfoonrspibrielisteienstaitnicolnudoef tinhcelusdupinpgleimtsefnotarmry inafnodrmcoatnitoenntin, aisccfoaridrlayncperewsiethntGeAdAiPn; (a2c)cyoorudabnecl ieevwe itthhe GsuApApPle; m(3e)nttahrey imnfeotrhmoadtsioonf, cmheaansguerde,mtheentreoarspornessfeonrtasuticohn chhaavnegenso)t; acnhdan(g4e) dyofurohmavtehodsisecluosseedd itno tuhse apnryiosrigpneifriicoadnt(oars,s Iufmt_hpetiyonhsavoer

Information.

fMinadninagsemanedntriescroemspmoennsdibalteiofnosr. eMstaanbaligsehmingenatnids ma lasointraeisnpinognsaibplerofcoerssidfeonrttifryaicnkginagntdheprsotvaitduisngofreapuodrit tcooptihees oofbpjerectvivioeuss fdiinscaunscsiaeldauindittsh,eatAteusdtiattOiobnjeecntgivaegsemseecnttios,npoefrfothrims alentcteear.uTd ihtissorreostphoenrssibtuilidtyiesinrcelluadtes trheolasyeinagutdoitus,s actotrersetcattiivoenaecntgioangsetma keenntst,opaedrfdorremssasnigceniafuicdaintts,foinrdointghserasntdurdeiecso.mYmoueanrdeatailosnosreresspuolntisnigb lferofomr yporouvridpilnagnnmeadnacgoerrmeectnitv'es vaicetwiosnso,n foour rtchuerrreenptofritn,dainngds,fcoorntchlues itoinmsi,nagnadnrdecfoomrmmaetnfdoartiopnros,viadsinwgetllhat

or experience; evaluate the adequacy and results of those services; and accept responsibility for them.

Ynotueasgarened toanayssoutmheer anll omnaaundaigtemseervnitceresswpoenspibroilvitiidees . reYloautinwg itllo bteherfeiqnuainrecidal tsotataecmkneonwtsleadngde rienlathde mrealantaegdenmoetenst arnedprtehsaetnytoautiohnavletrteevrieowuerdaasnsidstaapnpcreovweidththperfeipnanactiiaolnstoaftetmhenftisnandciarel lsatetdenmoetnetssparinodr tsoertvhiceeirs ibsysudaenscigenaantdinhgaavneInacdciveipdtueadl, rpersepfoenrasbiblyiliftryofmorstehneiomr.mFuarntahgeer,myeonut,awgritehestuoitoavbelerssekeillt,hkenonwonleadugdeit,

Engagement Administration, Fees, and Other

and confidential information, copies of our reports are to be made available for public inspection.

Wloceatuenadneyrsdtaoncudmtheanttsysoeuler cetmedpbloyyeuessfowr itllesptrinegp.are all cash or other confirmations we request and will Wthee wreiplloprrtos vaindde cthoepifeisnaonfcoiaulrsrteapteomrtsenttosD. Uistnrliecsts; hreoswtreicvteer,d mbyanlaawgeomrernetguislarteiospno, nosribcloenftoarindiinsgtrpibruivtiiloengeodf
Tcohnefaiduednittidaol cinufmoremntaattioionn. fHoorwtheivseern, gsaugbjeemctetnot lasptphleicpa rbolepelarwtysoafnCdarrre,gRuiglagtsio&nsI,ngauradmit,dLoLcCuamndenctoantsiotintuatneds aGpepnreorparl iaotreiti ns ddivesidigunaelsew, aillfbeedmeral aegaevnacilyabplreouvpidoinngredqirueecsttoarndinidniraetcitmfeulnydmi nagn, noerr thoethUe.SF.loGroidvaeArnumdietontr AoucctoouvnetrasbigilhittyreOsfpfiocensfiobriliptiuersp. oWseeswoifllanoqtuifaylityyoruevoifewanyofstuhceh areuqduite, stto. Irferseoqlvueesatueddi,t afcincdeisnsgtso, osur ctho acaurdriyt dmoacyupmreonvtidaetiocnopwieilsl boef sperolevcitdeeddauundditerdtohceumsuepnetravtiisoionnto fthCeRIapfoerseomnennetli.oFnuerdthpearrmtioerse, ,Tuhpeosen preaqrtuiest,mwaye
5

ginotveenrdn,moerndteacl aidgee,ntcoieds.istribute the copies or information contained therein to others, including other cPoumblpicl yRwecitohrdths.e Apubilticorreschoarl ld, spularwsusaonfttthoeaSntdatien oacfcFolordriadnac, ea nwditshpSeecciftiicoanlly11s9h.a0l7l:01, Florida Statutes,
wKeoerpk saentdfomrtahinitnatihnispAubglriecermeceonrtd; sa nredq uired by the District to perform the services or
aUpcopnythofe trheeq ureeqstueosfttehderDeicsotridcst'osrcaulslotowdtiahne orefcpourbdlsictorebceorIdns ppecrotevdidoertchoepDieisdtrwicitthwinitha Sretatsuotneasb, loertaims oetahtearwcoisset tphraotvdidoeeds bnyotlaewx;ceaenddthe cost p rovided in Chapter 119, Florida

Erencsourrdes tdhiastclopsuubrleicrreeqcuoirredsmtehnatts aa re neoxtemdipsctloosrecdoenxfcideepnttaiasl aauntdhoerxizeemdpbtyfrlaowmfporubthliec d uoreastnioont otrfatnhsefecrotnhtrearcetctoerrdms taondthfeolDloiwstirnicgt;coa mndpletion of the Agreement ifthe Auditor
Uinppoonssceosmsipolnetoiof nthoefAthuediAtogr oermkeenpt,atnradnmsfaeirn, taatin opucobslitctroetchoerdDsisretrqicuti,rea ldl pbuybtlhice rDeicsotrridcst
taoll ppeurbfolicrmretchoerdssertvoicteheorDwisotrrikctpruopvoindecdofmopr lienttiohnis oAfgtrhee mAgernete. mIfetnhte, AthuediAtourdtitroarnssfhearsll dreecsotrrodys) (aenxycedputpaliscarteeqpuuirbeldic breycroergdusltahtiaotna roer epxreomfepstsioorncaol nsftiadnednatriadl aton dmeaxienmtapi nt fsruocmh

compatible with the information technology systems of the District.

pcoumblpicledtiisocnloosfurtehereAqgurireeemmeenntts,.tIfh ethAe uAduitdoitrosrhkaelel pmseaentdamll  a ipnptalicinasbpleurbeliqcurierecomredsntuspfoonr rDeistatrinicitn,gu ppounblriecqrueecsotrfdrso.mAthll ereDcisotrrdicst'sstcoursetdodeilaenctorof npiucballilcy rmecuosrtdsb,ei nparofovirdmeadt ttohatthies

penalties pursuant to Section 119.10, Florida Statutes.

Amuudsittobreamckandoewdlieredcgtelys tohatthaenDyisrterqicutepsutsrstuoainntsptoecSteoctricoonp1y1p9u.0b7li0c1r(e3c)o, FrdlosrridelaaStitnagtuttoetsh. isIfAngorteifeiemdebnyt tphoessDesisstiroinctooffthae Apuubdliitco rr,etchoerdAsudreitqouresshtaflloprrroevcidoerdssucnhotreicnotrdhse topotshseesDsiisotnricotfotrhaelloDwisttrhiectrebcuotrdIns to bperoivnisdpeecthteedpourbcliocpriecdowrditshtino athreeaDsiostnraicbtlewtiitmhien. aAuredaitsoorna bklenotwimleed, gAeusdtithoart smhaoyulbdeAsuudbitjeocrtfatoil 

SIFTATTHUETEASU, DTITOORTHHEASAQUDUEITSOTRIO'SNSDURETGYARTDOINPGROTVHIEDEAPPULIBCLAITCIORNECOOFRDCSHARPETLEARTI1N1G9, TFOLORTIHDIAS TAHGEREDEISMTERNICTT/CAOT:NTRACT, THE AUDITOR MAY CONTACT THE CUSTODIAN OF PUBLIC RECORDS FOR

6

Orlando, FL 32817

1Fi2s0h5k1inCdo&rpAosrasoteciaBtlveds,. Inc.
Trehpeoarturdeitledaosecudmateenotartfiornafnoyr atdhdisiteionngagl peemreiondt rweqillubeesteredtbayintehdefFolroraidma iAnuimdiutomr oGfesneevraeln. iyfewaersaareftaewr tahre tchoantteastfiendgetrhael aawudairtdfiinngdianggefnocrygouridaaundcieteperiIosrctoondteesttrinogyianng tahuedaitufdinitddinogc,uwmeenwtailtl icoonn. tact the  party(ies)

and signing the reports or authorizing another Individual to s ign them.

JWu neee3x0p,ec2t0t1o9,bAelgain Joouwrearusdiisttohne aepnpgraogxeimetnetlypaNrotnvermabnedri1s,r2e0sp1o8nasnibdletofoisrssuuepoeurvrisrienpgotrthse neonglaatgeermtheannt
Op ruorgfreeessfeosr athnedsaerseeprvaiycaebslewoillnbpere$s5e,2n5ta0t.ioOnu.rIninavcocicoersdfaonrctehwesitehfoeuersfwirimll bpeolriecinedse, wreodrekamcahymboenstuhsapsewndoerdk fifuyllo. Iufrwaecceoleucntttboetceormmeinsa3t0e doauyrsseorrvmiceosrefoorvneordnupeayamndenmt,aoyunroetnbgeagreesmuemnetdwuilnl tbiel ydoeuermaeccdotuonhtaisvepabiedein
bcoemopbleligteatdeudptoon cwormitptensnaotteifuicsatfioorn aollfttiemrme ienxaptieonnd, eedveannidfwtoe rheaimvebnuorstecousmfpolertaeldl ouutr-oref-ppoorct.keYtoucowstilsl tahnrdotuhgehatshseumdaptteioonf thramt uinnaetxiopenc. tTehdecairbcouvmesfteaencisebs awseildl noont baneteicnicpoautendtecroeodpdeurraitnigonthferoamudyiot.uIfr spigenrsifoicnannetl tahdediatdlodnitaiol tnimalecoisstnse. cessary, we will discuss it with you and arrive at a new fee estimate before we incur

Dispute Resolution

p roceedings shall be shared equally by all parties.

lIentttheer, etvhe btroefaachdtishpeurteeofbeotrwtheeesnetrhveicpeasrptireosvwidheidchoratriosebseopurtoovfidoerdrehlearteeus ntodetrh,isancdo,nitfrtahcet odrisepnugtaegceamnneontt dbiespseutelerdestohlruotuiognh pnreogcoetdiautrieo,nt,htehyewpai lrltfiierstatgoretrye tihnagtoboedfofraeitIhntitoiarteinsoglvaerbtihtreadtiiosnp,ultiteigthatroioungohrnsoonm-beiontdhinegr Rmeesdoilauttiioonn. RTuhlesmfeodriPatroiofneswsiioll nbael aAdcmcoinunisttienrgedanbdy tRheelaAtemdeSreicrvanicAesrbDitirsaptuiotensA. Tsshoecciaotsiotsn oufnadneyr ImtseDdiisaptuioten
Electronic Data Communication and Storage and Use of Third Party Service Provider
sIntotrheeeilnetcetrreosnticofdfaatacivlitiaatciongmoputesresrovifctewsatroe yaopuprlicaotmiopnasnhyo, swtedmraeymsoetnedlydoantathoevlenrtteh·reneItn,toer ael lto,wseaccucreeslys tcomdaptaantyhmroauygbh ethtirradn-spmarittevdeonrdsotros'resdecuusrinegd tphoerstealms oerthcolodusd. sW. Eelemctaryounsicedtahtiradt-hpaatrtiys cseornvfiicdeenptrioavl itdoeyrsotuor 

third-party vendors to do the same.

sutsoinreg tohretsreandsamtaitctohmismduantaic,astuiocnh aans,dbsutot rnaogte lmimeithoddtso,,opurrofviirdmeresmofpltoayxs rmeteuarsnurpersepdaersaigtinoendstooftmwaairnet.aiin dacactoardseacnucreitwy.itWh oeuur soeblrigeatsioonnasbulendeefrfoarptspl itcoabkleelapwssucanhdcpormofmeussniiocnaatilosntsa nadnadrdds.atWa eaacclseossresqeuciurereo uinr 
Ycoomu mreucnoigcnaitzieonasndoar·ccdeapttathoantcwe eithahvaesnobecoen trsoelnotveorrthheasunabuetehnorsizuebdjeicnttetrcoeputnioanutohrobrirzeeadchaocfceasnsy,
7

to third-party service providers during this engagement.

tnootowuirthusstea nofdtinhgesaell ereleacstornoanbicledseevcicueristyanmdeapsuprleicsaetimonpsloayneddsbuybumsisosrion rotfhcirodn-fpidaretnytviaelncdlioernst. Yinofuorcmonasteionnt

through  any  combination  of these tools  allows for on-demand  and/or  real-time  collaboration  across

Tproiveantheannectewoourrk soerrvoitcheesrtcooylloaub,owraetivwei,ll vuirsteualcwomorbksinpaatcioenoorfortehmerooten laincecetsoso, lsseocrureenfviilreotnrma nesnftesr., Avcircteusasl 
gkneogwrlaepdhgiec, baonudnd ea lriiveesrabdlesti min eazpornoetsecatnedd aellnovwirsoCnmRI eanntd.  Iynoourtdoers htoareusdeatcae,rteaningaogfetmheset itnofolrsmaantdio inn, a sdeiptiaornatteo celxieenctutaicoknnowtlheidsgaecmkneonwt olerdaggermeemnteanntda endngaaggreeme etontble bteoru, nydoubymtahyebteerrmeqsu, icroedndtiotioenxsecauntde
vliemnitdaotrisonssupopflsyuincgh tahgerseeemtoeonlst.aYnodu aaggrreeeettohaintdCeRmI hnaifsynaondrehsoplodnCs iRbIilhitayrfmorletshsewaicthtivrietsiepseoctf titos athniyrda-npdaratyll

that you also maintain your own backup files ofthese records.

,coluarimsesravriciseisn,gyforuoma reorsorelelalyterdestpootnhsei bolpeefroarttiohen obafcthkeuspeotfoyoolsu.r fWilehsilaenwderemcaoyrdbsa;ctkheurpeyforuer, fwile rteocofamcmiliteantde
WDisetraicptparencdiabteelitehvee tohpips olertttuenritaycctourbaeteolyfssuemrvmiceartizoeTs htehePsaiglancieficaatnCtoterarlmGsaobfleosuCr oenmgmaguenmityenDte. vIfeyloupmh aevnet laentyteqr,upelsetaiosness,igpnletahsee elentcluossekdnocwop, yIfaynodureatgurreneitwtiothutsh. e  terms of our engagement as described in this
Very truly yours,

CeArRtRif,ieRdIGPGuSbl&ic AINcGcoRuAnMta, nLtLsC RESPONSE:
TDhisitsrilcet.ter correctly sets forth the understa nding ofThe Palace at Coral Gables Comm unity Development

Title: --'L..,•  h_,a.,_v,_M_C,(M

8

PALACE AT CORAL GABLES COMMUNITY DEVELOPMENT DISTRICT

Funding Request 83 & 84 and 87 - 89

Oscar Rolz
Tho Palace Management Group LLC 11355 SW 84th Street
Miami, FL 33173

c;om

TEL.: 305·270·7010
Qsgjr@thepalaceu$ 

P11l11ce 11t Cor11I G11bles CDD 7/24/2018
Funding Request # 83

lnvolce Nurnber	Invoice Dale   Fiscal Year	Category

1	Cochran, Lyles, Mauro & Ramsey, P.A	150583	6/30/2018	FY18	Legal Services lhru 06.30.2018	500.00	
2	Daily Business Review	10000330752-0709	7/16/2018 	FY18	Legal Ad - Nolice of Public Hearing	189.44	
3	Flshkind & Associates, Inc.	23034	7/12/2018 	FY18	OM Fees and Reimb. - 201 8.07	2,993.08	

Socretary/Anl5tant Secrotary

TOTAL

Chairman I Vice Chairman

3,682.52

Oscar Rolz
Tho Palaco Managoment Group LLC 11365 SW 84th Street
Miami, FL 33173
TEL,: 305·270·7010
Osgr@thepalacou,.com

Palace at Coral Gables CDD 8/23/2018
Funding Request#  84 Invoice Number	Invoice Date Fiscal Year

Billing, Cochrafl, Lyles, Mauro & Ramsey,
P.A

U.S. Bank
Flshklnd & Associates, Inc.

Socrotary/As&tstant Secretary

151213 

5063810

23208

7/31/2018
7/25/2018 

8/14/201 8

FY18	Logal Services lhru 07.31.2018
FY18	Annual Administration Fees and Expenses FY1 8	DM Fees and Reimb. • 2018.08

TOTAL

Chairman I Vice Chairman

1,016.00

4,336.94

2,993.08

8,346.02

Oscar Rolz
Tho Palace Management Group LLC 11 365 SW 84th Street
Miami, FL 33173
TEL.: 305-270•7010
Oscac41l1hepalaceus.com

Palace at Coral Gables COD 10/18/2018
Funding Request# 87

Invoice Number	Invoice Date    Fiscal Year

Department of Economic Opportunity	72768	1 011/2018	FY19	FY 2018/2019 District Fees	175.00	
2	Flshklnd & Associates, Inc.	23568	1 0/1 5/2018	FY18	Relmbursables - 2018.09	0.94	
	23568	1 0/15/2018	FY19	OM and Website Fees • 2018.10	2,991.67	

Socrolary/Asslstant Socretary

TOTAL

Chairman / Vice Chairman

3,167.61

Oscar Rolz
The Palace Management Group LLC
11366 SW 84th Stroot
Miami, FL 33173
TEL.: 305-2?0·7010
Oscan!lllhepalaceuscom

Palace al Coral Gables CDD 11/27/2018
Funding Request # 88

Invoice Number	Invoice Date  Fiscal Year	Category

2	Fishklnd & Associates, Inc.

Dally Business Roviow	23747	11 /1 6/2018	FY19	OM Fees & Reimbursables - 2018.11	2,993.08	
		10000355537-1024	1 0/31/2018	FY19	Legal Advertising 10/31/18	251.82	

3	
BIiiing, Cochran, Lyles, Mauro & Ramsey	
152465	
9/30/2018	
FY18	
Legal Services Period Ending 9/30/18	
500.00	
					TOTAL	3,744.90	

Socrotary/Assistant Socrotary

Chairman I Vico Chairman

Oscar Rotz
The Palace Management Group LLC 11366 SW 84th Stroot
Miami, FL 33173
TEL.: 305·270-7010
oscar@lhepa1aceus com

Palace at Coral Gables CDD 1/3/2019
Funding Request # 89

Invoice Number	Invoice Date   Fiscal Year	Category

BIiiing, Cochran, Lyles, Mauro & Ramsey	1 53523	11/30/2018	FY19	legal Services Period Ending 11 /30/18	877.50	
	153005	10/31/2016	FY19	Legal Services Period Ending 10/31/18	500.00	

Flshklnd & Associates	23858
Dally Business Review	100003541 04-1018

Socrotury/As$lstunt Socrotory

12/11/2018

10/18/2018

FY19 FY19

District Mgmt Fees for December 2018 Legal Advertising 1 0/18/18

TOTAL

Chairman I Vice Chairman

2,993.57

69.38

4,440.45

PALACE AT CORAL GABLES COMMUNITY DEVELOPMENT DISTRICT

Funding Request 85 & 86

Oscar Rolz
Tho Palace Management Group LLC
11 355 SW 84th Stroot
Miami, FL 33173
TEL.: 305·270·7010
oscar@lhopa111ceu,.�om

Palace at Coral Gables CDD
9/26/2018
Funding Request # 85 Invoice Number	Invoice Date Fiscal Year

Bllllng. Cochran, Lyles, Mauro & Ramsey, P.A
2	Flshklnd & Associates, Inc.

Socro1ory/Asslstani Secretary

151871

23386

8/31/2018

9/17/2018

FY18	Legal Services thru 08.31.2018 FY18	DM Fees and Relmb. • 2018.09

TOTAL

Chairman / Vice Chairman

500.00
2,994.24

3,494.24

Oscar Roiz
The Palace Management Group LLC
11 355 SW 84th Street
Miami, Fl 33173
TEL.: 305-270-7010
Oscar@theoalaceus com

Palace at Coral Gables CDD
9/21/2018
Funding Request ft 86

InvoiceNumber	Invoice Date Fiscal Year

PLEASE RUSH

Category

Egis Insurance Advisors LLC

Secretary/Assistant Secretary

7727	9/11/2018	FY 19

Package Policy 1 0/1/201 8 to 1 0/1/2019

TOTAL

Chairman / Vice Chairman

2,550.00

2,550.00

PALACE AT CORAL GABLES COMMUNITY DEVELOPMENT DISTRICT

District's Financial Position

Revenues

Palace at Coral Gables Statement of Activities As of 1 2/31 /20 18 

General Fund	Debt Service	Capital Projects	General Fixed	Lon g-Term	Total	
	Fund	Fund	Asset Group	Debt Group		

Developer Contributions	$1 6,420.77						$1 6,420.77	
Off-Roll Assessments	
	$1 24,428.06					1 24,428.06	
Total Revenues	$1 6,420.77	$1 24,428.06		$0.00	$0.00	$0.00	$1 40,848.83	

Ex.12.enses

Insurance	$2,550.00		$2,550.00	
Trustee Services	3,01 8.75		3,01 8.75	
Management	8,750.01		8,750.01	
District Counsel	1, 377.50		1, 377.50	
Telephone	0.47		0.47	
Postage & Shipping	2.84		2.84	
Legal Advertising	321 .20		321 .20	
Web S ite Maintenance	225.00		225.00	
Dues, Licenses, and Fees	1 75.00		175.00	
Interest Payments		$221 ,731 .25	221 ,731 .25	
Total Expenses	$1 6,420.77	$221 ,731 .25	$0.00	$0.00	$0.00	$238,1 52.02

Other Re_\fenues {ExQenses) & Gains {Losses)

Interest Income			$362.02								$362.02	
Total Other Revenues (Expenses) & Gains (Losses)	$0.00		$362.02		$0.00		$0.00		$0.00		$362.02	
Change In Net Assets	$0.00		($96,941 .17)		$0.00		$0.00		$0.00		($96,941 .17)	

Net Assets At Beginning Of Year	$9,355. 10 		$826,458.85		$0.00		$7,1 73,300.00		$0.00		$8,009, 11 3.95	

Net Assets At End Of Year	
$9,355. 10 		
$729,51 7.68		
$0.00		
$7, 1 73,300.00		
$0.00		
$7,912,1 72.78	

Palace at Coral Gables Statement of Financial Position As of 12/31 /2018 

General Fund	Debt Service
Fund

Assets	Capital P rojects
Fund	General Fixed Asset Group	Long-Term Debt Group	Total	
Current Assets
General Checking Account	$9,285.72					
$9,285.72	
Accounts Receivable - Due from Developer	4,440.45					4,440.45	
Debt Service Reserve Bond			$633,31 2.50								633,312.50	
Revenue Bond			325.89								325.89	
Parking Revenue Bond			95,879.29								95,879.29	
Total Current Assets	$1 3,726.17 		$729,517.68		$0.00		$0.00		$0.00		$743,243.85	

Investments
Amount Available in Debt Service Funds									

$729,517.68		

$729,517.68	
Amount To Be Provided									7,728,692.32		7,728,692.32	
Total Investments	$0.00		$0.00		$0.00		$0.00		$8,458,21 0.00		$8,458,21 0.00	

Pro11ert:l, Plant & Egui11ment
Other Fixed Assets (2013)	$7, 1 73,300.00	$7,1 73,300.00
Total Property,  Plant & Equipment	$0.00	$0.00	$0.00	$7,1 73,300.00	$0.00	$7,1 73,300.00

Total Assets	$1 3,726.17	$729,517.68	$0.00	$7,1 73,300.00	$8,458,210.00	$1 6,374,753.85

Liabilities and Net Assets

Current Liabilities
Accounts Payable	$4,371.07	$4,371.07
Total Current Liabilities	$4,371.07	$0.00	$0.00	$0.00	$0.00	$4,371 .07

Long Term Liabilities
Revenue Bonds Payable LongTerm									$8,435,000.00		$8,435,000.00	
Bond Premium									23,210.00		23,210.00	
Total Long Term Liabilities	$0.00		$0.00		$0.00		$0.00		$8,458,21 0.00		$8,458,21 0.00	

Total Liabilities	$4,371 .07	$0.00	$0.00	$0.00	$8,458,21 0.00	$8,462,581.07

Net Assets
Net Assets - General Government	$9,355. 10 											$9,355. 10 	
Net Assets, Unrestricted				$826,458.85								826,458.85	
Current Year Net Assets, Unrestricted				(96,941.17)								(96,941.17)	
Net Assets, Unrestricted						$1 ,223,456.96						1 ,223,456.96	
Net Assets - General Government						(1 ,223,456.96)						(1 ,223,456.96)	
Net Assets, lnvd in Capital, Net of Debt								$7,1 73,300.00				7,1 73,300.00	
Total Net Assets	$9,355.10 			$729,517.68		$0.00		$7, 1 73,300.00		$0.00		$7,91 2,172.78	
													
Total Liabilities and Net Assets	$1 3,726. 17 			$729,517.68		$0.00		$7, 1 73,300.00		$8,458,21 0.00		$16,374,753.85	

Palace at Coral Gables Income Statement Budget to Actual
For the period of 1 2/1 /2018 Through 1 2/31 /20 18 

Actual

Year To Date Budget

Variance

FY 19 
Budget

General & Administrative Ex12enses

$1 6,420.77

$1 7,537.52

$1,1 16.75

$70,1 50.00

$0.00

$(0.03)

$0.03

$0.00

Revenues

Developer Contributions	$1 6,420.77		$1 7,537.49		$(1,11 6.72)		$70,1 50.00	
Net Revenues	$1 6,420.77		$1 7,537.49		$(1 , 11 6.72)		$70,1 50.00	

Insurance	$2,550.00		$750.00		$(1 ,800.00)		$3,000.00	
Trustee Services	3,01 8.75		1 ,250.01		(1 ,768.74)		5,000.00	
Management	8,750.01		8,750.01		0.00		35,000.00	
Dissemination Agent	0.00		375.00		375.00		1 ,500.00	
District Counsel	1 ,377.50		3,750.00		2,372.50		1 5,000.00	
Audit	0.00		1,31 2.50		1,31 2.50		5,250.00	
Travel and Per Diem	0.00		1 25.01		1 25.01		500.00	
Telephone	0.47		37.50		37.03		1 50.00	
Postage & Shipping	2.84		125.01		122.17 		500.00	
Copies	0.00		62.49		62.49		250.00	
Legal Advertising	321 .20		500.01		1 78.81		2,000.00	
Miscellaneous	0.00		62.49		62.49		250.00	
Web Site Maintenance	225.00		375.00		150.00		1 ,500.00	
Dues, Licenses, and Fees	175.00		62.49		(1 12.51) 		250.00	
Total General & Administrative Expenses	$1 6,420.77		$17,537.52		$1,116.75		$70,1 50.00	

Total Expenses

Net Income (Loss)