ISLANDS AT DORAL (NE) COMMUNITY DEVELOPMENT DISTRICT

MIAMI-DADE COUNTY Regular Board Meeting & Public
Hearing May 13, 2025
7:00 P.M.

Special District Services, Inc. 8785 SW 165th Avenue, Suite 200
Miami, FL 33193
www.islandsatdoralnecdd.org 786.347.2711 Telephone 877.SDS.4922 Toll Free 561.630.4923 Facsimile

Call to Order

AGENDA ISLANDS AT DORAL (NE)
COMMUNITY DEVELOPMENT DISTRICT
Doral Legacy Park – 2nd Floor Conference Room 11400 NW 82nd Street
Doral, Florida 33178
REGULAR BOARD MEETING & PUBLIC HEARING
May 13, 2025
7:00 p.m.

Proof of Publication	Page 1
Establish Quorum
Additions or Deletions to Agenda
Comments from the Public for Items Not on the Agenda
Approval of Minutes
March 11, 2025 Regular Board Meeting Minutes	Page 2
Public Hearing
Proof of Publication	Page 6
Receive Public Comments Fiscal Year 2025/2026 Final Budget	Page 7
Consider Resolution No. 2025-05 – Adopting a Fiscal Year 2025/2026 Final Budget	Page 8
Old Business
New Business
Consider Resolution No. 2025-06 – Adopting a Fiscal Year 2025/2026 Meeting Schedule	Page 21
Administrative Matters
Financial Update	Page 23
District Counsel Report
Board Member/Staff Comments and Requests
Adjourn

AFFIDAVIT OF PUBLICATION

Account #	Order Number	Identification	Order PO	Amount	Cols	Depth	
142041	594175	Print Legal Ad-IPL01950010 - IPL0195001		$647.22	2	43 L	

Attention:

Laura J. Archer

PUBLISHED DAILY

Islands at Doral - NE Community Development District c/o Special District Services, Inc.
2501A Burns Road
Palm Beach Gardens, Florida 33410 LArcher@sdsinc.org

MIAMI-DADE-FLORIDA
STATE OF FLORIDA COUNTY OF MIAMI-DADE
Before the undersigned authority personally appeared: Mary Castro, who on oath says that he/she is CUSTODIAN OF RECORDS of The Miami Herald, a daily newspaper published at Miami in Miami-Dade County, Florida; that the attached copy of the advertisement that was published was published in said newspaper in the issue
(s) of:
Publication: Miami Herald 1 insertion(s) published on:
09/20/24

Affiant further says that the said Miami Herald is a newspaper published at Miami, in the said Miami-Dade County, Florida and that the said newspaper has heretofore been continuously published in said Dade County, Florida each day and has been entered a second class mail matter at the post office in Miami, in said Miami-Dade County, Florida, for a period of one year next preceding the first publication of the attached copy of advertisement; and affiant further says that he/she has neither paid or promised any person, firm or corporation any discount, rebate, commission or refund for the purpose of securing this advertisement for publication in the said newspaper(s).The McClatchy Company complies with all legal requirements for publication in chapter 50, Florida Statutes.

Sworn to and subscribed before me this 20th day of September in the year of 2024

Notary Public in and for the state of Texas, residing in Dallas County

Extra charge for lost or duplicate affidavits. Legal document please do not destroy!

ISLANDS AT DORAL (NE) COMMUNITY DEVELOPMENT DISTRICT REGULAR BOARD MEETING
MARCH 11, 2025

CALL TO ORDER

The March 11, 2025, Regular Board Meeting of the Islands at Doral (NE) Community Development District (the “District”) was called to order at 7:01 p.m. in the Second Floor Conference Room of Doral Legacy Park located at 11400 NW 82nd Street, Doral, Florida 33178.

PROOF OF PUBLICATION

Proof of publication was presented that notice of the Regular Board Meeting had been published in the Miami Herald on November 1, 2024, as part of the District’s Fiscal Year 2024/2025 Meeting Schedule, as legally required.

ESTABLISH A QUORUM

It was determined that the attendance of Chairman Jesus Arias and Supervisors Dunia Cuneo and Denis Schiavi constituted a quorum and it was in order to proceed with the meeting.

Staff in attendance included: District Manager Gloria Perez of Special District Services, Inc.; and General Counsel Gregory George of Billing, Cochran, Lyles, Mauro & Ramsey, P.A.

ADDITIONS OR DELETIONS TO THE AGENDA

There were no additions or deletions to the agenda.

COMMENTS FROM THE PUBLIC FOR ITEMS NOT ON THE AGENDA

There were no comments from the public for items not on the agenda.

APPROVAL OF MINUTES
January 14, 2025, Regular Board Meeting

The January 14, 2025, Regular Board Meeting minutes were presented for approval.

A MOTION was made by Supervisor Schiavi, seconded by Supervisor Arias and unanimously passed approving the minutes of the January 14, 2025, Regular Board Meeting, as presented.

OLD BUSINESS

There were no Old Business items to come before the Board.

NEW BUSINESS
Accept and Receive Master Association Request for Amendment to Existing Maintenance Agreement

Presented in the meeting materials was the Notice of Termination of Certain Responsibilities from the Master Association requesting an amendment to the existing maintenance agreement between the Master Association and the District.

A MOTION was made by Supervisor Cuneo, seconded by Supervisor Schiavi and unanimously passed accepting and receiving the amendment to the existing Maintenance Agreement between the District and the Master Association, as presented.

Consider Amendment between the District and Master Association Maintenance Agreement

A MOTION was made by Supervisor Cuneo, seconded by Supervisor Arias and unanimously passed approving the amendment to the Master Association Master Maintenance Agreement between the District and the Master Association, effective October 1, 2025, and further authorizing District Counsel to prepare the amendment.

Supervisor Nestor Garcia arrived at approximately 7:14 p.m.

Discussion Regarding Proposed 2025 O&M Assessment for District Roads and Drainage System
Presented in the meeting materials was the Proposed 2025 O&M Assessment for the District’s roads and drainage system prepared by the District Engineer.

Consider First Amendment to SDS Agreement

Field Operations are the services rendered to the District. Field Operations management services that SDS, Inc. provides in the District includes but is not limited to the coordination and communication with contractors for required maintenance and improvements, solicitation of bids/cost quotes, management of contracts, site visits and inspections. The proposed fee is in the amount of $3,000 per year, payable in in monthly installments of $250.

A MOTION was made by Supervisor Garcia, seconded by Supervisor Arias and passed unanimously approving the First Amendment to the SDS Agreement, adding Field Operations management services, amended to reflect the reduction of the number of site visits to six (6) times per year at the annual rate of $1,500.

Consider Resolution No. 2025-04 – Adopting a Fiscal Year 2025/2026 Proposed Budget

Mrs. Perez presented Resolution No. 2025-04, entitled:
RESOLUTION NO. 2025-04

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE ISLANDS AT DORAL (NE) COMMUNITY DEVELOPMENT DISTRICT APPROVING A PROPOSED BUDGET FOR FISCAL YEAR 2025/2026; AND PROVIDING AN EFFECTIVE DATE.
Mrs. Perez advised that the Debt Service Assessment is the same as last year. The way the refunding was set-up there will be a large balloon payment in the amount of $2,225,000 due at maturity in 2029. A new loan will be needed at that time. By collecting the pre-refunding rates, bond prepayments can be made, thereby greatly reducing the loan that will be needed in 2029. A prepayment of $225,000 was made in November 2024, therefore the 2029 payment is estimated at $1,030,000.

The proposed Administrative Assessment is similar to last year with a slight increase of $2.36. The Maintenance Assessment has increased by $186.34 as a result of the District having to assume the maintenance responsibilities effective in FY 2025/2026 for the District owned roadways, stormwater management system and related expenses. Said maintenance items are currently funded and maintained by the Master Association pursuant to a Maintenance Service Agreement that was Amended at the request of the Association, thereby providing an assessment increase of $188.70, which equates to approximately $15.73 per month.
Estimated available funds projected for 9-30-2025 are approximately $60,000, should no unforeseen expenses occur. No carryover balance has been applied to the presented budget.
Because the overall assessment for 2025/2026 is currently higher than the FY 2024/2025 assessment, letters to the residents/owners will be required.
A discussion ensued after which:

A MOTION was made by Supervisor Schiavi, seconded by Supervisor Cuneo and unanimously passed adopting Resolution No. 2025-04, approving a Proposed Budget for FY 2025/2026, amended to reflect reducing the Field Operation Services and budgeted amount to $1,500, and setting the Public Hearing for finalization for May 13, 2025, at 7:00 p.m. at the Doral Legacy Park, 2nd Floor, Conference Room located at 11400 NW 82nd Street, Doral, Florida 33178; and further authorizing the advertisement as required and notices to the homeowners.

ADMINISTRATIVE MATTERS
Financial Update

Mrs. Perez presented the financial statement through January 2025. She pointed out that the available funds as of January 31, 2025, were $127,120.69.

A MOTION was made by Supervisor Garcia, seconded by Supervisor Cuneo and passed unanimously ratifying and approving the financial statement, as presented.

DISTRICT COUNSEL REPORT
Stormwater System Legal Requirements Update Memorandum

Mr. George provided the Board with an overview of the stormwater system’s legal requirements.

BOARD MEMBER/STAFF COMMENTS
There were no further comments from the Board or staff.

ADJOURNMENT

There being no further business to come before the Board, a MOTION was made by Supervisor Arias, seconded by Supervisor Garcia and passed unanimously adjourning the Regular Board Meeting at 7:42 p.m.

ATTEST:

Secretary/Assistant Secretary	Chairman/Vice-Chair

AFFIDAVIT OF PUBLICATION

Account #	Order Number	Identification	Order PO	Cols	Depth	
142041	655052	Print Legal Ad-IPL02286370 - IPL0228637		2	39 L	

Attention:

Laura J. Archer

PUBLISHED DAILY

Islands at Doral - NE Community Development District c/o Special District Services, Inc.
2501A Burns Road
Palm Beach Gardens, Florida 33410 LArcher@sdsinc.org

MIAMI-DADE-FLORIDA
STATE OF FLORIDA COUNTY OF MIAMI-DADE
Before the undersigned authority personally appeared, Mary Castro, who on oath says that he/she is Custodian of Records of the The Miami Herald, a newspaper published in MIami Dade County, Florida, that the attached was published on the publicly accessible website of The Miami Herald or by print in the issues and dates listed below.

2 insertion(s) published on:
04/23/25, 04/30/25

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

Sworn to and subscribed before me this 30th day of April in the year of 2025

Notary Public in and for the state of South Carolina, residing in Beaufort County

Extra charge for lost or duplicate affidavits. Legal document please do not destroy!

From:	Liz Sikes Figueras
To:	Gloria Perez
Subject:	Objection/Non Ad Valorem Assessment
Date:	Monday, April 21, 2025 10:32:11 AM
Attachments:	CamScanner 04-18-2025 23.17.pdf

Hello, I would like to object to the Non AD valorem letter that I received attached. This is my official objection.

Liz Sikes Figueras Cell: 305-318-8388

RESOLUTION NO. 2025-05

A RESOLUTION OF THE ISLANDS AT DORAL (NE) COMMUNITY DEVELOPMENT DISTRICT ADOPTING A FISCAL YEAR 2025/2026 BUDGET.

WHEREAS, the Islands at Doral (NE) Community Development District (“District”) has prepared a Proposed Budget and Final Special Assessment Roll for Fiscal Year 2025/2026 and has held a duly advertised Public Hearing to receive public comments on the Proposed Budget and Final Special Assessment Roll; and,

WHEREAS, following the Public Hearing and the adoption of the Proposed Budget and Final Assessment Roll, the District is now authorized to levy non ad-valorem assessments upon the properties within the District.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE ISLANDS AT DORAL (NE) COMMUNITY DEVELOPMENT DISTRICT THAT:

Section 1.	The Final Budget and Final Special Assessment Roll for Fiscal Year 2025/2026 attached hereto as Exhibit “A” is approved and adopted, and the assessments set forth therein shall be levied.

Section 2.	The Secretary of the District is authorized to execute any and all necessary transmittals, certifications or other acknowledgements or writings, as necessary, to comply with the intent of this Resolution.

PASSED, ADOPTED and EFFECTIVE this 13th day of May, 2025.

ATTEST:	ISLANDS AT DORAL (NE)
COMMUNITY DEVELOPMENT DISTRICT

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

Islands At Doral (NE) Community Development District

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

CONTENTS

FINAL BUDGET

DETAILED FINAL BUDGET

DETAILED FINAL DEBT SERVICE FUND BUDGET

ASSESSMENT COMPARISON

FINAL BUDGET
ISLANDS AT DORAL (NE) COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	
FISCAL YEAR 2025/2026 BUDGET	
Administrative Assessments	89,705	
Maintenance Assessments	105,859	
Debt Assessments	554,723	
Interest Income	960	
TOTAL REVENUES	$	751,247	
		
EXPENDITURES		
MAINTENANCE EXPENDITURES		
Maintenance Contingency	5,000	
Roadway Maintenance/Reserve	63,508	
Stormwater Management/Reserve	22,000	
Storm Drainage/Class V Permit	3,500	
Field Operations	1,500	
Engineering/Inspections	4,000	
TOTAL MAINTENANCE EXPENDITURES	$	99,508	
		
ADMINISTRATIVE EXPENDITURES		
Supervisor Fees	5,000	
Payroll Taxes (Employer)	400	
Management	34,308	
Secretarial	4,200	
Legal	10,500	
Assessment Roll	7,500	
Audit Fees	3,600	
Arbitrage Rebate Fee	650	
Insurance	7,300	
Legal Advertisements	3,500	
Miscellaneous	800	
Postage	450	
Office Supplies	450	
Dues & Subscriptions	175	
Trustee Fees	4,100	
Continuing Disclosure Fee	350	
Website Management	2,000	
TOTAL ADMINISTRATIVE EXPENDITURES	$	85,283	
		
TOTAL EXPENDITURES	$	184,791	
		
REVENUES LESS EXPENDITURES	$	566,456	
		
Bond Payments	(524,213)	
		
BALANCE	$	42,243	
		
County Appraiser & Tax Collector Fee	(14,081)	
Discounts For Early Payments	(28,162)	
		
EXCESS/ (SHORTFALL)	$	-	
		
Carryover From Prior Year	0	
		
NET EXCESS/ (SHORTFALL)	$	-	

DETAILED FINAL BUDGET
ISLANDS AT DORAL (NE) COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

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

COMMENTS	
Administrative Assessments	59,791	88,450	89,705	Expenditures Less Interest & Carryover/.94	
Maintenance Assessments	6,915	8,510	105,859	Expenditures /.94	
Debt Assessments	554,723	554,723	554,723	Bond Payments/.94	
Interest Income	7,858	480	960	Interest Projected At $80 Per Month	
TOTAL REVENUES	$	629,287	$	652,163	$	751,247		
					
EXPENDITURES					
MAINTENANCE EXPENDITURES					
Maintenance Contingency	0	5,000	5,000	No Change From 2024/2025 Budget	
Roadway Maintenance/Reserve	0	0	63,508	Formerly The Responsibility Of The Master Association	
Stormwater Management/Reserve	0	0	22,000	Formerly The Responsibility Of The Master Association	
Storm Drainage/Class V Permit	0	0	3,500	New Requirement In Miami-Dade County	
Field Operations	0	0	1,500	Will Be Needed Due To Infrastructure Being Maintained By District	
Engineering/Inspections	1,100	3,000	4,000	$1,000 Increase From 2024/2025 Budget	
TOTAL MAINTENANCE EXPENDITURES	$	1,100	$	8,000	$	99,508		
					
ADMINISTRATIVE EXPENDITURES					
Supervisor Fees	2,000	5,000	5,000	No Change From 2024/2025 Budget	
Payroll Taxes (Employer)	153	400	400	Projected At 8% Of Supervisor Fees	
Management	32,388	33,348	34,308	CPI Adjustment	
Secretarial	4,200	4,200	4,200	No Change From 2024/2025 Budget	
Legal	7,324	9,000	10,500	$1,500 Increase From 2024/2025 Budget	
Assessment Roll	7,500	7,500	7,500	As Per Contract	
Audit Fees	3,800	3,900	3,600	Accepted Amount For 2024/2025 Audit	
Arbitrage Rebate Fee	650	650	650	No Change From 2024/2025 Budget	
Insurance	6,594	7,300	7,300	Fiscal Year 2024/2025 Expenditure Was $6,594	
Legal Advertisements	2,593	4,000	3,500	$500 Decrease From 2024/2025 Budget	
Miscellaneous	460	800	800	No Change From 2024/2025 Budget	
Postage	477	450	450	No Change From 2024/2025 Budget	
Office Supplies	352	450	450	No Change From 2024/2025 Budget	
Dues & Subscriptions	175	175	175	$1,500 Increase From 2024/2025 Budget	
Trustee Fees	4,080	4,100	4,100	$1,500 Increase From 2024/2025 Budget	
Continuing Disclosure Fee	350	350	350	No Change From 2024/2025 Budget	
Website Management	2,000	2,000	2,000	$1,500 Increase From 2024/2025 Budget	
TOTAL ADMINISTRATIVE EXPENDITURES	$	75,096	$	83,623	$	85,283		
					
TOTAL EXPENDITURES	$	76,196	$	91,623	$	184,791		
					
REVENUES LESS EXPENDITURES	$	553,091	$	560,540	$	566,456		
					
Bond Payments	(529,903)	(524,213)	(524,213)	2026 Principal & Interest Payments	
					
BALANCE	$	23,188	$	36,327	$	42,243		
					
County Appraiser & Tax Collector Fee	(5,989)	(12,109)	(14,081)	Two Percent Of Total Assessment Roll	
Discounts For Early Payments	(21,731)	(24,218)	(28,162)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	$	(4,532)	$	-	$	-		
					
Carryover From Prior Year	0	0	0	Carryover From Prior Year	
					
NET EXCESS/ (SHORTFALL)	$	(4,532)	$	-	$	-		

DETAILED FINAL DEBT SERVICE FUND BUDGET
ISLANDS AT DORAL (NE) COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

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

COMMENTS	

Interest Income	
21,357	
500	
1,200	
Projected Interest For 2025/2026	

NAV Tax Collection	
529,903	
524,213	
524,213	
NAV Tax Collection	

Total Revenues	
$	551,260	
$	524,713	
$	525,413		

EXPENDITURES					

Principal Payments	
285,000	
305,000	
315,000	
Principal Payment Due In 2026	

Interest Payments	
110,880	
91,919	
71,321	
Interest Payments Due In 2026	

Additional Principal Payments	
110,000	
127,794	
139,092	
Additional Principal Payments	

Total Expenditures	
$	505,880	
$	524,713	
$	525,413		

Excess/ (Shortfall)	
$	45,380	
$	-	
$	-		

Series 2014 Refunding Bond Information

Original Par Amount =	$5,925,000	Annual Principal Payments Due =	May 1st	
Interest Rate =	3.85%	Annual Interest Payments Due =	May 1st & November 1st	
Issue Date =	April 2014			
Maturity Date =

Par Amount As Of 1/1/2025 =	May 2029

$2,315,000			

Original Principal Amount Due In May 2029: $2,225,000 Current Principal Amount Due In May 2029: $1,030,000

Islands At Doral (NE) Community Development District Assessment Comparison

Fiscal Year	Fiscal Year	Fiscal Year	Fiscal Year	
2022/2023	2023/2024	2024/2025	2025/2026	
Assessment	Assessment	Assessment	Projected Assessment	
Before Discount*	Before Discount*	Before Discount*	Before Discount*	

Administrative For Single Family Homes	

$	107.55	

$	108.50	

$	166.58	

$	

168.94	
Maintenance For Single Family Homes	$	14.03	$	13.03	$	16.03	$	199.36	
Debt For Single Family Homes	$	1,587.68	 $	1,587.68	 $	1,587.68	$	1,587.68	
Total	$	1,709.26	$	1,709.21	$	1,770.29	$	1,955.98	

Administrative For Townhomes	
$	107.55	
$	108.50	
$	166.58	
$	168.94	
Maintenance For Townhomes	$	14.03	$	13.03	$	16.03	$	199.36	
Debt For Townhomes	$	1,133.61	 $	1,133.61	 $	1,133.61	$	1,133.61	
Total	$	1,255.19	$	1,255.14	$	1,316.22	$	1,501.91	

Administrative For Condominiums	
$	107.55	
$	108.50	
$	166.58	
$	168.94	
Maintenance For Condominiums	$	14.03	$	13.03	$	16.03	$	199.36	
Debt For Condominiums	$	906.57	 $	906.57	 $	906.57	$	906.57	
Total	$	1,028.15	$	1,028.10	$	1,089.18	$	1,274.87	

* Assessments Include the Following :	
4% Discount for Early Payments 1% County Tax Collector Fee
1% County Property Appraiser Fee
 Community Information:		 Single Family Homes	66
Townhomes	125
Condominiums	340
Total Units	531

Islands At Doral (NE) Community Development District

Alternative Budget - Maintenance Rates Based On ERU'S

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

CONTENTS

FINAL BUDGET

DETAILED FINAL BUDGET

DETAILED FINAL DEBT SERVICE FUND BUDGET

ASSESSMENT COMPARISON

FINAL BUDGET
ISLANDS AT DORAL (NE) COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	
FISCAL YEAR 2025/2026 BUDGET	
Administrative Assessments	89,705	
Maintenance Assessments	69,649	
Debt Assessments	554,723	
Interest Income	960	
TOTAL REVENUES	$	715,037	
		
EXPENDITURES		
MAINTENANCE EXPENDITURES		
Maintenance Contingency	5,000	
Roadway Maintenance/Reserve	29,470	
Stormwater Management/Reserve	22,000	
Storm Drainage/Class V Permit	3,500	
Field Operations	1,500	
Engineering/Inspections	4,000	
TOTAL MAINTENANCE EXPENDITURES	$	65,470	
		
ADMINISTRATIVE EXPENDITURES		
Supervisor Fees	5,000	
Payroll Taxes (Employer)	400	
Management	34,308	
Secretarial	4,200	
Legal	10,500	
Assessment Roll	7,500	
Audit Fees	3,600	
Arbitrage Rebate Fee	650	
Insurance	7,300	
Legal Advertisements	3,500	
Miscellaneous	800	
Postage	450	
Office Supplies	450	
Dues & Subscriptions	175	
Trustee Fees	4,100	
Continuing Disclosure Fee	350	
Website Management	2,000	
TOTAL ADMINISTRATIVE EXPENDITURES	$	85,283	
		
TOTAL EXPENDITURES	$	150,753	
		
REVENUES LESS EXPENDITURES	$	564,284	
		
Bond Payments	(524,213)	
		
BALANCE	$	40,071	
		
County Appraiser & Tax Collector Fee	(13,357)	
Discounts For Early Payments	(26,714)	
		
EXCESS/ (SHORTFALL)	$	-	
		
Carryover From Prior Year	0	
		
NET EXCESS/ (SHORTFALL)	$	-	

DETAILED FINAL BUDGET
ISLANDS AT DORAL (NE) COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

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

COMMENTS	
Administrative Assessments	59,791	88,450	89,705	Expenditures Less Interest & Carryover/.94	
Maintenance Assessments	6,915	8,510	69,649	Expenditures /.94	
Debt Assessments	554,723	554,723	554,723	Bond Payments/.94	
Interest Income	7,858	480	960	Interest Projected At $80 Per Month	
TOTAL REVENUES	$	629,287	$	652,163	$	715,037		
					
EXPENDITURES					
MAINTENANCE EXPENDITURES					
Maintenance Contingency	0	5,000	5,000	No Change From 2024/2025 Budget	
Roadway Maintenance/Reserve	0	0	29,470	Formerly The Responsibility Of The Master Association	
Stormwater Management/Reserve	0	0	22,000	Formerly The Responsibility Of The Master Association	
Storm Drainage/Class V Permit	0	0	3,500	New Requirement In Miami-Dade County	
Field Operations	0	0	1,500	Will Be Needed Due To Infrastructure Being Maintained By District	
Engineering/Inspections	1,100	3,000	4,000	$1,000 Increase From 2024/2025 Budget	
TOTAL MAINTENANCE EXPENDITURES	$	1,100	$	8,000	$	65,470		
					
ADMINISTRATIVE EXPENDITURES					
Supervisor Fees	2,000	5,000	5,000	No Change From 2024/2025 Budget	
Payroll Taxes (Employer)	153	400	400	Projected At 8% Of Supervisor Fees	
Management	32,388	33,348	34,308	CPI Adjustment	
Secretarial	4,200	4,200	4,200	No Change From 2024/2025 Budget	
Legal	7,324	9,000	10,500	$1,500 Increase From 2024/2025 Budget	
Assessment Roll	7,500	7,500	7,500	As Per Contract	
Audit Fees	3,800	3,900	3,600	Accepted Amount For 2024/2025 Audit	
Arbitrage Rebate Fee	650	650	650	No Change From 2024/2025 Budget	
Insurance	6,594	7,300	7,300	Fiscal Year 2024/2025 Expenditure Was $6,594	
Legal Advertisements	2,593	4,000	3,500	$500 Decrease From 2024/2025 Budget	
Miscellaneous	460	800	800	No Change From 2024/2025 Budget	
Postage	477	450	450	No Change From 2024/2025 Budget	
Office Supplies	352	450	450	No Change From 2024/2025 Budget	
Dues & Subscriptions	175	175	175	$1,500 Increase From 2024/2025 Budget	
Trustee Fees	4,080	4,100	4,100	$1,500 Increase From 2024/2025 Budget	
Continuing Disclosure Fee	350	350	350	No Change From 2024/2025 Budget	
Website Management	2,000	2,000	2,000	$1,500 Increase From 2024/2025 Budget	
TOTAL ADMINISTRATIVE EXPENDITURES	$	75,096	$	83,623	$	85,283		
					
TOTAL EXPENDITURES	$	76,196	$	91,623	$	150,753		
					
REVENUES LESS EXPENDITURES	$	553,091	$	560,540	$	564,284		
					
Bond Payments	(529,903)	(524,213)	(524,213)	2026 Principal & Interest Payments	
					
BALANCE	$	23,188	$	36,327	$	40,071		
					
County Appraiser & Tax Collector Fee	(5,989)	(12,109)	(13,357)	Two Percent Of Total Assessment Roll	
Discounts For Early Payments	(21,731)	(24,218)	(26,714)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	$	(4,532)	$	-	$	-		
					
Carryover From Prior Year	0	0	0	Carryover From Prior Year	
					
NET EXCESS/ (SHORTFALL)	$	(4,532)	$	-	$	-		

DETAILED FINAL DEBT SERVICE FUND BUDGET
ISLANDS AT DORAL (NE) COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

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

COMMENTS	

Interest Income	
21,357	
500	
1,200	
Projected Interest For 2025/2026	

NAV Tax Collection	
529,903	
524,213	
524,213	
NAV Tax Collection	

Total Revenues	
$	551,260	
$	524,713	
$	525,413		

EXPENDITURES					

Principal Payments	
285,000	
305,000	
315,000	
Principal Payment Due In 2026	

Interest Payments	
110,880	
91,919	
71,321	
Interest Payments Due In 2026	

Additional Principal Payments	
110,000	
127,794	
139,092	
Additional Principal Payments	

Total Expenditures	
$	505,880	
$	524,713	
$	525,413		

Excess/ (Shortfall)	
$	45,380	
$	-	
$	-		

Series 2014 Refunding Bond Information

Original Par Amount =	$5,925,000	Annual Principal Payments Due =	May 1st	
Interest Rate =	3.85%	Annual Interest Payments Due =	May 1st & November 1st	
Issue Date =	April 2014			
Maturity Date =

Par Amount As Of 1/1/2025 =	May 2029

$2,315,000			

Original Principal Amount Due In May 2029: $2,225,000 Current Principal Amount Due In May 2029: $1,030,000

Islands At Doral (NE) Community Development District Assessment Comparison

Fiscal Year	Fiscal Year	Fiscal Year	Fiscal Year	
2022/2023	2023/2024	2024/2025	2025/2026	
Assessment	Assessment	Assessment	Projected Assessment	
Before Discount*	Before Discount*	Before Discount*	Before Discount*	

Administrative For Single Family Homes	

$	107.55	

$	108.50	

$	166.58	

$	

168.94	
Maintenance For Single Family Homes	$	14.03	$	13.03	$	16.03	$	199.36	
Debt For Single Family Homes	$	1,587.68	 $	1,587.68	 $	1,587.68	$	1,587.68	
Total	$	1,709.26	$	1,709.21	$	1,770.29	$	1,955.98	

Administrative For Townhomes	
$	107.55	
$	108.50	
$	166.58	
$	168.94	
Maintenance For Townhomes	$	14.03	$	13.03	$	16.03	$	142.34	
Debt For Townhomes	$	1,133.61	 $	1,133.61	 $	1,133.61	$	1,133.61	
Total	$	1,255.19	$	1,255.14	$	1,316.22	$	1,444.89	

Administrative For Condominiums	
$	107.55	
$	108.50	
$	166.58	
$	168.94	
Maintenance For Condominiums	$	14.03	$	13.03	$	16.03	$	113.84	
Debt For Condominiums	$	906.57	 $	906.57	 $	906.57	$	906.57	
Total	$	1,028.15	$	1,028.10	$	1,089.18	$	1,189.35	

* Assessments Include the Following :	
4% Discount for Early Payments 1% County Tax Collector Fee
1% County Property Appraiser Fee
 Community Information:		 Single Family Homes	66
Townhomes	125
Condominiums	340
Total Units	531

RESOLUTION NO. 2025-06

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE ISLANDS AT DORAL (NE) COMMUNITY DEVELOPMENT DISTRICT, ESTABLISHING A REGULAR MEETING SCHEDULE FOR FISCAL YEAR 2025/2026 AND SETTING THE TIME AND LOCATION OF SAID DISTRICT MEETINGS; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, it is necessary for the Islands at Doral (NE) Community Development District ("District") to establish a regular meeting schedule for fiscal year 2025/2026; and

WHEREAS, the Board of Supervisors of the District has set a regular meeting schedule, location and time for District meetings for fiscal year 2025/2026 which is attached hereto and made a part hereof as Exhibit “A”.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE ISLANDS AT DORAL (NE) COMMUNITY DEVELOPMENT DISTRICT, MIAMI-DADE COUNTY, FLORIDA, AS FOLLOWS:

Section 1.   The above recitals are hereby adopted.

Section 2.  The regular meeting schedule, time and location for meetings for fiscal year 2025/2026 which is attached hereto as Exhibit “A” is hereby adopted and authorized to be published.
PASSED, ADOPTED and EFFECTIVE this 13th day of May, 2025.

ATTEST:	ISLANDS AT DORAL (NE)
COMMUNITY DEVELOPMENT DISTRICT

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

ISLANDS AT DORAL (NE) COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026 REGULAR MEETING SCHEDULE

NOTICE IS HEREBY GIVEN that the Board of Supervisors of the Islands at Doral (NE) Community Development District will hold Regular Meetings at 7:00 p.m. in the Doral Legacy Park, 2nd Floor Conference Room, located at 11400 NW 82nd Street, Doral, Florida 33178, on the following dates:

October 14, 2025
January 13, 2026
March 10, 2026
May 12, 2026
August 11, 2026

The purpose of the meetings is to conduct any business coming before the Board. Meetings are open to the public and will be conducted in accordance with the provisions of Florida law. Copies of the Agendas for any of the meetings may be obtained from the District’s website or by contacting the District Manager at (786) 347-2711 Ext. 2011 and/or at 1-877-737-4922 five (5) days prior to the date of the particular meeting.

From time to time one or two Supervisors may participate by telephone; therefore a speaker telephone will be present as required, at the meeting location so that Supervisors may be fully informed of the discussions taking place. Said meeting(s) may be continued as found necessary to a time and place specified on the record.

If any person decides to appeal any decision made with respect to any matter considered at these meetings, such person will need a record of the proceedings and such person may need to insure that a verbatim record of the proceedings is made at his or her own expense and which record includes the testimony and evidence on which the appeal is based.

In accordance with the provisions of the Americans with Disabilities Act, any person requiring special accommodations or an interpreter to participate at any of these meetings should contact the District Manager at (786) 347-2711 Ext 2011 and/or at 1-877-737-4922 at least seven (7) days prior to the date of the particular meeting.
Meetings may be cancelled from time to time without advertised notice.
ISLANDS AT DORAL (NE) COMMUNITY DEVELOPMENT DISTRICT

www.islandsdoralnecdd.org

PUBLISH: MIAMI HERALD	00/00/25

Islands At Doral (NE) Community Development District

Financial Report For April 2025

Islands at Doral (NE) Community Development District
Budget vs. Actual
October 2024 through April 2025

	Oct 24 - April 25	24/25 Budget	$ Over Budget	% of Budget	
Income									
363.100	ꞏ Admin Assessment Income	84,192.84	88,450.00	-4,257.16	95.19%	
363.101	ꞏ Maint Assessment Income	8,062.80	8,510.00	-447.20	94.75%	
363.810	ꞏ Debt Assessment	523,897.47	554,723.00	-30,825.53	94.44%	
363.820	ꞏ Debt Assessment-Paid To Trustee	-499,532.51	-524,213.00	24,680.49	95.29%	
363.830	ꞏ Assessment Fees	-5,927.85	-12,109.00	6,181.15	48.95%	
363.831	ꞏ Discounts For Early Payments	-22,696.42	-24,218.00	1,521.58	93.72%	
369.401	ꞏ Interest Income	4,832.24	480.00	4,352.24	1,006.72%	
Total Income	92,828.57		91,623.00		1,205.57		101.32%	
Expense						
511.122	ꞏ Payroll Expense	107.10	400.00	-292.90	26.78%	
511.131	ꞏ Supervisor Fee	1,400.00	5,000.00	-3,600.00	28.0%	
511.305	ꞏ Maintenance Contingency	0.00	5,000.00	-5,000.00	0.0%	
511.310	ꞏ Engineering	1,240.00	3,000.00	-1,760.00	41.33%	
511.311	ꞏ Management Fees	19,453.00	33,348.00	-13,895.00	58.33%	
511.312	ꞏ Secretarial Fees	2,450.00	4,200.00	-1,750.00	58.33%	
511.315	ꞏ Legal Fees	5,825.00	9,000.00	-3,175.00	64.72%	
511.318	ꞏ Assessment/Tax Roll	0.00	7,500.00	-7,500.00	0.0%	
511.320	ꞏ Audit Fees	0.00	3,900.00	-3,900.00	0.0%	
511.330	ꞏ Arbitrage Rebate Fee	0.00	650.00	-650.00	0.0%	
511.450	ꞏ Insurance	6,858.00	7,300.00	-442.00	93.95%	
511.480	ꞏ Legal Advertisements	637.62	4,000.00	-3,362.38	15.94%	
511.512	ꞏ Miscellaneous	491.63	800.00	-308.37	61.45%	
511.513	ꞏ Postage and Delivery	160.43	450.00	-289.57	35.65%	
511.514	ꞏ Office Supplies	320.10	450.00	-129.90	71.13%	
511.540	ꞏ Dues, License & Subscriptions	175.00	175.00	0.00	100.0%	
511.733	ꞏ Trustee Fees	0.00	4,100.00	-4,100.00	0.0%	
511.734	ꞏ Continuing Disclosure Fee	0.00	350.00	-350.00	0.0%	
511.750	ꞏ Website Management	1,166.62	2,000.00	-833.38	58.33%	
Total Expense	40,284.50		91,623.00		-51,338.50		43.97%	
Net Income			52,544.07		0.00		52,544.07		100.0%	

ISLANDS AT DORAL (NE) COMMUNITY DEVELOPMENT DISTRICT MONTHLY FINANCIAL REPORT
APRIL 2025

REVENUES	
Annual Budget
10/1/24 - 9/30/25	

Actual Apr-25	Year To Date Actual
10/1/24 - 4/30/25	
Administrative Assessments	88,450	3,720	84,193	
Maintenance Assessments	8,510	359	8,063	
Debt Assessments	554,723	23,332	523,897	
Interest Income	480	0	4,832	
				
Total Revenues	$	652,163	$	27,411	$	620,985	
				
MAINTENANCE EXPENDITURES				
Maintenance Contingency	5,000	0	0	
Engineering/Inspections	3,000	0	1,240	
TOTAL MAINTENANCE EXPENDITURES	$	8,000	$	-	$	1,240	
				
ADMINISTRATIVE EXPENDITURES				
Supervisor Fees	5,000	0	1,400	
Payroll Taxes (Employer)	400	0	107	
Management	33,348	2,779	19,453	
Secretarial	4,200	350	2,450	
Legal	9,000	0	5,825	
Assessment Roll	7,500	0	0	
Audit Fees	3,900	0	0	
Arbitrage Rebate Fee	650	0	0	
Insurance	7,300	0	6,858	
Legal Advertisements	4,000	0	638	
Miscellaneous	800	60	492	
Postage	450	67	160	
Office Supplies	450	72	320	
Dues & Subscriptions	175	0	175	
Trustee Fees	4,100	0	0	
Continuing Disclosure Fee	350	0	0	
Website Management	2,000	167	1,167	
TOTAL ADMINISTRATIVE EXPENDITURES	$	83,623	$	3,495	$	39,045	
				
TOTAL EXPENDITURES	$	91,623	$	3,495	$	40,285	
				
Revenues Less Expenditures	$	560,540	$	23,916	$	580,700	
				
Bond Payments	(524,213)	(23,090)	(499,532)	
				
Balance	$	36,327	$	826	$	81,168	
				
County Appraiser & Tax Collector Fee	(12,109)	(11)	(5,928)	
Discounts For Early Payments	(24,218)	(274)	(22,696)	
				
Excess/ (Shortfall)	$	-	$	541	$	52,544	
				
Carryover from Prior Year	0	0	0	
				
Net Excess/ (Shortfall)	$	-	$	541	$	52,544	

Bank Balance As Of 4/30/25	$	180,968.58	
Accounts Payable As Of 4/30/25	$	40,435.00	
Accounts Receivable As Of 4/30/25	$	-	
Available Funds As Of 4/30/25	$	140,533.58	

ISLANDS AT DORAL (NE) CDD TAX COLLECTIONS
2024-2025

#	

ID#	

PAYMENT FROM	

DATE	

FOR	

Tax Collect Receipts	

Interest Received	

Fees	

Discount	

Net From Tax Collector	Admin.
Assessment Income (Before Discounts & Fee)	Maint Assessment Income (Before Discounts & Fee)	Debt Assessment Income (Before Discounts & Fee)	Admin.
Assessment Income (After Discounts & Fee)	Maint Assessment Income (After Discounts & Fee)	Debt Assessment Income (After Discounts & Fee)	

Debt Assessments Paid to Trustee	
									$651,688.00	$88,454.00	$8,512.00	$  554,722.00	$88,454.00	$8,512.00	$554,722.00		
									$615,836.00	$83,623.00	$8,000.00	$  524,213.00	$83,623.00	$8,000.00	$524,213.00	$524,213.00	
1	1	Miami-Dade Tax Collector	12/09/24	NAV Taxes	$  438,377.58		$  (4,208.41)	$  (17,535.76)	$	416,633.41	$	59,487.83	$	5,742.75	$  373,147.00	$	56,537.06	$	5,457.95	$  354,638.40	$	354,638.40	
2	2	Miami-Dade Tax Collector	11/25/24	NAV Taxes	$	46,429.67		$	(445.72)	$	(1,857.25)	$	44,126.70	$	6,300.50	$	608.23	$	39,520.94	$	5,987.99	$	578.06	$	37,560.65	$	37,560.65	
3	3	Miami-Dade Tax Collector	11/26/24	NAV Taxes	$	34,945.78		$	(335.48)	$	(1,397.90)	$	33,212.40	$	4,742.14	$	457.79	$	29,745.85	$	4,506.91	$	435.09	$	28,270.40	$	28,270.40	
4	4	Miami-Dade Tax Collector	12/04/24	NAV Taxes	$	9,777.94		$	(93.01)	$	(477.08)	$	9,207.85	$	1,326.87	$	128.09	$	8,322.98	$	1,249.51	$	120.62	$	7,837.72	$	7,837.72	
5	5	Miami-Dade Tax Collector	01/10/25	NAV Taxes	$	16,872.74		$	(163.81)	$	(491.28)	$	16,217.65	$	2,289.63	$	221.03	$	14,362.08	$	2,200.75	$	212.44	$	13,804.46	$	13,804.46	
6	6	Miami-Dade Tax Collector	12/19/24	NAV Taxes	$	14,432.38		$	(139.33)	$	(501.09)	$	13,791.96	$	1,958.48	$	189.06	$	12,284.84	$	1,871.58	$	180.67	$	11,739.71	$	11,739.71	
7	7	Miami-Dade Tax Collector	02/07/25	Interest		$	294.64			$	294.64	$	294.64			$	294.64			$	-	
8	8	Miami-Dade Tax Collector	02/12/25	NAV Taxes	$	13,070.16		$	(128.09)	$	(261.36)	$	12,680.71	$	1,773.62	$	171.22	$	11,125.32	$	1,720.77	$	166.12	$	10,793.82	$	10,793.82	
9	9	Miami-Dade Tax Collector	03/06/25	NAV Taxes	$	14,163.52		$	(140.00)	$	(163.81)	$	13,859.71	$	1,922.00	$	185.54	$	12,055.98	$	1,880.78	$	181.56	$	11,797.37	$	11,797.37	
10	10	Miami-Dade Tax Collector	03/21/25	Interest		$	377.42			$	377.42	$	377.42			$	377.42			$	-	
11	11	Miami-Dade Tax Collector	04/07/25	NAV Taxes	$	27,411.28		$	(274.00)	$	(10.89)	$	27,126.39	$	3,719.71	$	359.09	$	23,332.48	$	3,681.05	$	355.36	$	23,089.98	$	23,089.98	
12									$	-							$	-	
13									$	-							$	-	
14									$	-							$	-	
16									$	-							$	-	
17									$	-							$	-	
					$ 615,481.05	$  672.06	$ (5,927.85)	$ (22,696.42)	$	587,528.84	$  84,192.84	$  8,062.80	$ 523,897.47	$ 80,308.46	$  7,687.87	$ 499,532.51	$  499,532.51	

	Note: $651,688, $88,454, $8,512 and $554,722 are 2024/2025 Budgeted	
Assessment Roll		Collections	assessments before discounts and fees.	
Admin:	$88,453.98	94.44%	$615,836, $83,623, $8,000 and $524,213 are 2024/2025 Budgeted	
Maint:	$8,511.93		assessments after discounts and fees.	
Debt:	$554,721.93			

Total	$651,687.84

$	615,481.05
$	672.06
$	(84,192.84)
$	(8,062.80)

$  587,528.84
$  (80,308.46)
$	(7,687.87)

$	(523,897.47)	$ (499,532.51)
$	-	$	-