Coquina Shores Community Development District 475 West Town Place, Suite 114
St. Augustine, Florida 32092 www.coquinashorescdd.com
March 13, 2025

Board of Supervisors Coquina Shores CDD
Call-in #: 1-877-304-9269; Code 3006875

Dear Board Members and Staff:

The Coquina Shores Community Development District Board of Supervisors Meeting is scheduled for Thursday, March 20, 2025 at 2:00 p.m. at the Hilton Garden Inn Palm Coast Town Center, 55 Town Center Boulevard, Palm Coast, Florida 32164.
Following is the agenda for the meeting:

Call to Order

Public Comment

Organizational Matters
Consideration of Appointing a New Supervisor to Seat 4

Oath of Office for Newly Appointed Supervisor

Consideration of Resolution 2025-02, Designating Officers

Update on Status of Bond Issue

Approval of Minutes of the January 16, 2025 Meeting

Staff Reports
District Counsel

District Engineer

District Manager

Financial Reports
Financial Statements as of January 31, 2025
Consideration of Funding Request No. 19
Other Business

Supervisors’ Requests and Audience Comments

Next Scheduled Meeting – Thursday, April 17, 2025 at 2:00 p.m. at the Hilton Garden Inn Palm Coast Town Center
Adjournment

THIRD ORDER OF BUSINESS

C.
RESOLUTION 2025-02

A RESOLUTION OF THE BOARD OF SUPERVISORS OF COQUINA SHORES COMMUNITY DEVELOPMENT DISTRICT DESIGNATING THE OFFICERS OF THE DISTRICT, AND PROVIDING FOR AN EFFECTIVE DATE.
Whereas, Coquina Shores Community Development District (the “District”) is a local unit of special-purpose government created and existing pursuant to Chapter 190, Florida Statutes, being situated entirely within Flagler County, Florida; and

Whereas, the Board of Supervisors of the District desires to designate the Officers of the District.
Now, therefore, be it resolved by the Board of Supervisors of Coquina Shores Community Development District:

Section 1.		 is appointed Chairman.

Section 2.		 is appointed Vice Chairman.

Section 3.		 is appointed Secretary and Treasurer.

	 is appointed Assistant Secretary.
	 is appointed Assistant Secretary.
	 is appointed Assistant Secretary.
	 is appointed Assistant Treasurer.
	 is appointed Assistant Secretary.
Section 4.	This Resolution shall become effective immediately upon its adoption.
PASSED AND ADOPTED THIS 20TH DAY OF MARCH, 2025.

ATTEST	COQUINA SHORES COMMUNITY DEVELOPMENT DISTRICT

Secretary/Assistant Secretary	Chairman/Vice Chairman

FIFTH ORDER OF BUSINESS
MINUTES OF MEETING
COQUINA SHORES COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the Coquina Shores Community Development District was held on Thursday, January 16, 2025 at 2:00 p.m. at the Hilton Garden Inn Palm Coast Town Center, 55 Town Center Boulevard, Palm Coast, Florida 32164.

Present and constituting a quorum were:

Blaz Kovacic	Chairman
Marcy McBride	Vice Chair
Matthew Fossler	Supervisor
Preston Doub	Supervisor

Also present were:

Jim Oliver	District Manager
Wes Haber by phone	District Counsel
Scott Lockwood by phone	District Engineer

The following is a summary of the discussions and actions taken at the January 16, 2025 meeting.

FIRST ORDER OF BUSINESS	Roll Call
Mr. Oliver called the meeting to order at approximately 2:00 p.m.

SECOND ORDER OF BUSINESS	Public Comment
There being no members of the public present, the next item followed.

THIRD ORDER OF BUSINESS	Organizational Matters
Acceptance of Resignation of Aaron Lyman

Consideration of Appointing a New Supervisor to Fill the Vacancy (11/2025)
Mr. Kovacic motioned to appoint Matthew Fossler to Sear 3.
January 16, 2025	Coquina Shores CDD

Oath of Office for Newly Appointed Supervisor
Mr. Oliver, being a notary public for the State of Florida, administered an oath of office to Mr. Fossler. Next, he gave a brief overview of the Sunshine Law and Public Records Law.

Consideration of Resolution 2025-01, Designating Officers
Mr. Kovacic nominated Marcy McBride for the Vice Chair position.
Mr. Oliver stated that the remaining slate will be Mr. Kovacic as Chair, the remaining two supervisors as Assistant Secretaries, Mr. Oliver as Secretary and Treasurer, and Marilee Giles, Darrin Mossing, Daniel Laughlin and Matt Biagetti as Assistant Secretaries and Assistant Treasurers.

FOURTH ORDER OF BUSINESS	Update on the Status of Bond Issue
Mr. Kovacic stated that the developer is awaiting the appropriate permits to be issued.

FIFTH ORDER OF BUSINESS	Approval of Minutes of the August 15, 2024
Meeting
There were no comments on the minutes.

SIXTH ORDER OF BUSINESS	Staff Reports
District Counsel
There being nothing to report, the next item followed.

2
January 16, 2025	Coquina Shores CDD

District Engineer
There being nothing to report, the next item followed.

District Manager
There being nothing to report, the next item followed?

SEVENTH ORDER OF BUSINESS
Financial Statements as of November 30, 2024
Copies of the financial statements were included in the agenda package for the Board’s
review.

Ratification of Funding Request Nos. 14-17
Copies of funding request numbers 14 through 17 were included in the agenda package for the Board’s review.

Consideration of Funding Request No. 18
A copy of funding request number 18, totaling $4,017.88 was included in the agenda package for the Board’s review.

EIGHTH ORDER OF BUSINESS	Other Business
There being none, the next item followed.

NINTH ORDER OF BUSINESS	Supervisors’	Requests	and	Audience
Comments
There being none, the next item followed.

TENTH ORDER OF BUSINESS	Next	Scheduled	Meeting	–	Thursday,
February 20, 2025 at 2:00 p.m. at the Hilton Garden Inn Palm Coast Town Center

3
January 16, 2025	Coquina Shores CDD

ELEVENTH ORDER OF BUSINESS	Adjournment

Secretary/Assistant Secretary	Chairman/Vice Chairman

4

SEVENTH ORDER OF BUSINESS

A.

Coquina Shores
Community Development District

Unaudited Financial Reporting
January 31, 2025

Table of Contents

	Balance Sheet

	General Fund Income Statement

	Month to Month

	Developer Contributions
Coquina Shores
Community Development District Combined Balance Sheet
January 31, 2025

Assets:
Cash:
Operating Account	

$	16,267	
Due from Developer	-	
Total Assets	$	16,267	
Liabilities:
Accounts Payable	

$	4,100	
Total Liabilites	$	4,100	
Fund Balance: Nonspendable: Prepaid Items	

$	-	
Deposits	-	
Unassigned	12,167	
Total Fund Balances	$	12,167	
		
Total Liabilities & Fund Balance	$	16,267	

1
Coquina Shores
Community Development District General Fund
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending January 31, 2025

	Adopted	Prorated Budget	Actual			
	Budget	Thru 01/31/25	Thru 01/31/25		Variance	

Revenues:						
Developer Contributions	$	140,453	$	21,820	$	21,820	$	-	
Total Revenues	$	140,453	$	21,820	$	21,820	$	-		

Expenditures:						
General & Administrative:						
Supervisor Fees	$	12,000	$	4,000	$	200	$	3,800		
FICA Expense	918	-	306	15	291		
Engineering	12,000	4,000	914	3,086		
Attorney	25,000	8,333	19	8,314		
Annual Audit	3,200	1,067	-	1,067		
Assessment Administration	7,500	-	-	-		
Arbitrage	600	-	-	-		
Dissemination Agent	7,500	-	-	-		
Trustee Fees	4,600	-	-	-		
Management Fees	45,000	15,000	15,000	-		
Information Technology	1,908	636	636	-		
Website Maintenance	1,272	424	424	-		
Telephone	500	167	12	155		
Postage & Delivery	1,500	500	32	468		
Insurance	5,500	5,500	5,200	300		
Printing & Binding	1,200	400	4	396		
Legal Advertising	5,000	1,667	88	1,579		
Other Current Charges	4,080	1,360	388	972		
Office Supplies	1,000	333	0	333		
Dues, Licenses & Subscriptions	175	175	175	-		
Total General & Administrative	$	140,453	$	43,868	$	23,107	$	20,761		
						
Excess (Deficiency) of Revenues over Expenditures	$	-		$	(1,287)			

Other Financing Sources/(Uses):						
Transfer In/(Out)	$	-	$	-	$	-	$	-		
Total Other Financing Sources/(Uses)	$	-	$	-	$	-	$	-		
						
Net Change in Fund Balance	$	-	$	-	$	(1,287)	$	-		
						
Fund Balance - Beginning	$	-		$	13,455			
						
Fund Balance - Ending	$	-		$	12,167			

2
Coquina Shores
Community Development District Month to Month

Revenues:

Developer Contributions	$	9,549	$	4,218	$	4,035	$	4,018	$	-		$	-		$	-		$	-	$	-		$	-		$	-		$	-		$	21,820	
Interest Income	-	-	-	-		-		-		-		-	-		-		-		-	-	

Total Revenues	$	9,549	$	4,218	$	4,035	$	4,018	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	21,820	

Expenditures:						
General & Administrative:						
Supervisor Fees	$	-	$	-	$	-	$	200	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	200	
FICA Expense	-	-	-	15	-	-	-	-	-	-	-	-	15	
Engineering	914	-	-	-	-	-	-	-	-	-	-	-	914	
Attorney	19	-	-	-	-	-	-	-	-	-	-	-	19	
Annual Audit	-	-	-	-	-	-	-	-	-	-	-	-	-	
Assessment Administration	-	-	-	-	-	-	-	-	-	-	-	-	-	
Arbitrage	-	-	-	-	-	-	-	-	-	-	-	-	-	
Dissemination Agent	-	-	-	-	-	-	-	-	-	-	-	-	-	
Trustee Fees	-	-	-	-	-	-	-	-	-	-	-	-	-	
Management Fees	3,750	3,750	3,750	3,750	-	-	-	-	-	-	-	-	15,000	
Information Technology	159	159	159	159	-	-	-	-	-	-	-	-	636	
Website Maintenance	106	106	106	106	-	-	-	-	-	-	-	-	424	
Telephone	12	-	-	-	-	-	-	-	-	-	-	-	12	
Postage & Delivery	1	28	1	3	-	-	-	-	-	-	-	-	32	
Insurance	5,200	-	-	-	-	-	-	-	-	-	-	-	5,200	
Printing & Binding	4	-	-	-	-	-	-	-	-	-	-	-	4	
Legal Advertising	-	59	-	29	-	-	-	-	-	-	-	-	88	
Other Current Charges	339	12	18	19	-	-	-	-	-	-	-	-	388	
Office Supplies	0	0	0	0	-	-	-	-	-	-	-	-	0	
Dues, Licenses & Subscriptions	175	-	-	-	-	-	-	-	-	-	-	-	175	
Total General & Administrative	$	10,678	$	4,115	$	4,034	$	4,281	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	23,107	
						
Excess (Deficiency) of Revenues over Expenditures	$	(1,129)	$	103	$	1	$	(263)	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	(1,287)	

Other Financing Sources/Uses:						
Transfer In/(Out)	-	-	-	-	-	-	-	-	-	-	-	-	-	
Total Other Financing Sources/Uses	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	
						
Net Change in Fund Balance	$	(1,129)	$	103	$	1	$	(263)	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	(1,287)	

3
Coquina Shores Community Development District Developer Contributions/Due from Developer

Funding Request
#	Date Prepared	Date Payment
Received	Check Amount	Total Funding
Request FY24	Total Funding
Request FY25	Capital Projects
Fund Request FY24	Over and (short)
Balance Due		

1	
8/3/23	
10/6/23	
$	28,685.60	
$	
-		
$	-	$	
-	
2	9/14/23	10/6/23	5,935.60		-		-	-	
3	10/10/23	12/7/23	18,338.27		5,247.91		-	-	
4	11/9/23	12/5/24	4,987.81		4,253.81		-	-	
5	12/29/23	2/9/24	6,809.85		6,809.85		-	-	
6	1/10/24	2/9/24	4,083.12		4,083.12		-	-	
7	1/26/24	2/9/24	9,676.25		322.50		9,353.75	-	
8	2/7/24	2/9/24	4,302.80		4,302.80		-	-	
9	4/30/24	5/10/24	14,276.96		11,504.46		2,772.50	-	
10	5/9/24	6/28/24	4,003.97		4,003.97		-	-	
11	6/12/24	6/28/24	13,030.61		7,250.61		5,780.00	-	
12	7/11/24	8/23/24	5,756.55		5,756.55		-	-	
13	8/7/24	9/20/24	5,747.87		5,747.87		-	-	
14	9/12/24	10/4/24	10,165.77		4,965.77	5,200.00	-	-	
15	10/9/24	12/13/24	4,650.42		301.50	4,348.92	-	-	
16	11/13/24	12/13/24	4,218.23			4,218.23	-	-	
17	12/17/24	1/10/25	4,995.22		960.50	4,034.72		-	
18	1/9/25	1/31/25	4,017.88			4,017.88		-	
	-	-							
Due from Developer	$	153,682.78	$	65,511.22	$ 21,819.75	$	17,906.25	$	-				
									
Total Developer Contributions		$	65,511.22	$ 21,819.75	$	17,906.25	$	-				

4

B.
Coquina Shores
Community Development District	FY 25 Funding Request #19
March 11, 2025

PAYEE	GENERAL FUND	CAPITAL PROJECTS	

1	England-Thims & Miller
Inv #216867 - October Consulting Engineer	

$	53.75		
2	Governmental Management Services
Inv #19 - Management Fees - February 2025	
4,209.40		
Inv #20 - Management Fees - March 2025	4,026.62		
3	Kutak Rock LLP
Inv #3536561 January General Counsel	
146.00		
4	Supervisor Meeting
1/16/25 Meeting	
200.00		

Please make check payable to:

Coquina Shores Community Development District
475 West Town Place Ste 114 St Augustine FL 32092

Governmental Management Services, L.L.C. Coquina Shores Community Development District 475 W Town Place
Suite 114
St. Augustine, FL 32092
November 05, 2024
Invoice No:	216867

Project	22515.00000	Coquina Shores Community Development District EMAIL TO: BKOVACIC@BBXCAPITAL.COM
Professional Services rendered through October 26, 2024
Phase
CDD Meeting Online	01.	Petition for Establishment Support				
Billing Limits		Current	Prior	To-Date		
Total Billings		0.00	13,061.25	13,061.25		
Limit				25,000.00		
Remaining				11,938.75		
			Total this	Phase	0.00	
Phase	02.	Consulting Tasks for CDD				
Work Description: Prepare plans for offsite bid and markups for contractor to FTP site with phasing.
Labor
Hours	Rate	Amount
Senior Engineer/Senior Project Manager
Lockwood, Scott	10/5/2024	.25	215.00	53.75
Totals	.25	53.75
Total Labor	53.75
Total this Phase	$53.75
Phase	XP	Expenses
Total this Phase
0.00
Total This Invoice 	$53.75
Outstanding Invoices
Number	Date	Balance
215955	10/2/2024	860.00
Total	860.00
Total Now Due	$913.75

Governmental Management Services, LLC
475 West Town Place, Suite 114 St. Augustine, FL 32092
Invoice

Bill To:
Coquina Shores COD 475 West Town Place Suite 114
St. Augustine, FL 32092
Invoice #: 19
Invoice Date: 2/1/25
Due Date: 2/1/25
Case:
P.O. Number:

Description	Hours/Qty	Rate	Amount

Management Fees - February 2025 Website Administration - February 2025 Information Technology - February 2025 Copies		3,750.00
106.00
159.00
194.40	3,750.00
106.00
159.00
194.40	

Total	$4,209.40	
Payments/Credits	$0.00	
Balance Due	$4,209.40	
Governmental Management Services, LLC
475 West Town Place, Suite 114 St. Augustine, FL 32092
Invoice

Bill To:
Coquina Shores CDD 475 West Town Place Suite 114
St. Augustine, FL 32092
Invoice #: 20
Invoice Date: 3/1/25
Due Date: 3/1/25
Case:
P.O. Number:

Description	Hours/Qty	Rate	Amount

Management Fees - March 2025 Website Administration - March 2025 Information Technology - March 2025 Copies
Telephone		3,750.00
106.00
159.00
5.55
6.07	3,750.00
106.00
159.00
5.55
6.07	

Total	$4,026.62	
Payments/Credits	$0.00	
Balance Due	$4,026.62	
K U T A K  R O C K  L L P
TALLAHASSEE, FLORIDA
Telephone 404-222-4600
Facsimile 404-222-4654

Federal ID 47-0597598

March 7, 2025
Check Remit To: Kutak Rock LLP PO Box 30057
Omaha, NE 68103-1157

ACH/Wire Transfer Remit To:
ABA #104000016
First National Bank of Omaha
Kutak Rock LLP A/C # 24690470
Reference: Invoice No. 3536561 Client Matter No. 44223-1
Notification Email: eftgroup@kutakrock.com

Mr. Jim Oliver Coquina Shores CDD
C/O Governmental Management Services Suite 114
475 West Town Place
St. Augustine, FL 32092	Invoice No. 3536561
44223-1

Re:	General Counsel
For Professional Legal Services Rendered

01/16/25	W. Haber	0.40	146.00	Prepare for and participate in Board
meeting
TOTAL HOURS	0.40
TOTAL FOR SERVICES RENDERED	$146.00
TOTAL CURRENT AMOUNT DUE	$146.00

PRIVILEGED AND CONFIDENTIAL
ATTORNEY-CLIENT COMMUNICATION AND/OR WORK PRODUCT