Tranquility
Community Development District Agenda
May 20, 2025

Agenda

Tranquility
Community Development District

219 East Livingston Street, Orlando, Florida 32801 Phone: 407-841-5524 – Fax: 407-839-1526
May 13, 2025

Dear Board Members:
The regular meeting of the Board of Supervisors of Tranquility Community Development District will be held Tuesday, May 20, 2025 at 2:00 PM at 5445 S. Washington Ave., Titusville, FL 37780. Following is the advance agenda for the meeting:

Board of Supervisors Meeting

Roll Call
Public Comment Period
Organizational Matters
Consideration of Resolution 2025-01 Certifying Results of the November 5, 2025
Landowners’ Election
Acceptance of Resignation of Supervisor Lusby, Seat 5
Appointment of Individual to Fill Vacant Seat 5
Administration of Oaths of Office to Newly Elected Supervisors
Consideration of Resolution 2025-02 Electing Officers
Approval of Minutes of the August 14, 2024 Board of Supervisors Meeting and November 5, 2024 Landowner Meeting
Consideration of Resolution 2025-03 Approving the Fiscal Year 2026 Proposed Budget and Setting a Public Hearing
Staff Reports
Attorney
Engineer
District Manager’s Report
Balance Sheet and Income Statement
Ratification of Funding Requests No. 31-37
Presentation of Registered Voters- 3
Reminder of Form1 Filing Deadline- July 1st
Other Business
Supervisors Requests
Adjournment

Section III

Section A

RESOLUTION 2025-01
A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE TRANQUILITY		COMMUNITY	DEVELOPMENT	DISTRICT CANVASSING	AND CERTIFYING THE RESULTS OF THE LANDOWNER’S  ELECTION OF  SUPERVISORS  HELD  PURSUANT TO  SECTION  190.006(2), FLORIDA STATUTES, AND PROVIDING FOR AN EFFECTIVE DATE
WHEREAS, the Tranquility Community Development District (“District”) is a local unit of special-purpose government created and existing pursuant to Chapter 190, Florida Statutes, being situated entirely within Brevard County, Florida; and

WHEREAS, pursuant to Section 190.006(2), Florida Statutes, a landowners meeting is required to be held within 90 days of the District’s creation and every two years following the creation of the District for the purpose of electing supervisors of the District; and

WHEREAS, such landowners meeting, the Minutes of which are attached hereto as Exhibit A, was held on November 5, 2024, immediately prior to the meeting of the District’s Board of Supervisors, and at which the below recited persons were duly elected by virtue of the votes cast in his/her favor; and

WHEREAS, the Board of Supervisors of the District, 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 TRANQUILITY COMMUNITY DEVELOPMENT DISTRICT:
SECTION 1.  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:

 William Livingston	

	Clint Smith

  David Lusby	

Seat 3	Votes  300	
Seat 4	Votes  300	
Seat 5	Votes  298	

SECTION 2.  In accordance with Section 190.006(2), Florida Statutes, and by virtue of the number of votes cast for the Supervisor, the above-named persons are declared to have been elected for the following terms of office:

 William Livingston	

 Clint Smith	

 David Lusby	

4 Year Term

4 Year Term

2 Year Term

Section 3.	This resolution shall become effective immediately upon its adoption.

PASSED AND ADOPTED this 20th day of May 2025.

ATTEST:

TRANQUILITY COMMUNITY DEVELOPMENT DISTRICT

	
Secretary/Assistant Secretary	Chairperson, Board of Supervisors

Exhibit A: Minutes of Landowner Meeting and Election

2

MINUTES OF MEETING TRANQUILITY
COMMUNITY DEVELOPMENT DISTRICT

The landowners’ meeting of the Board of Supervisors of the Tranquility Community Development District was held on Tuesday, November 5, 2024, at 2:06 p.m. at 5445 S. Washington Ave, Floor, Titusville, Florida 37780.

Present were:

Jeremy LeBrun	GMS, Manager

The following summarizes the discussions and actions taken at the November 5, 2024,
Tranquility Community Development District’s Landowners’ Meeting.

FIRST ORDER OF BUSINESS	Determination of Number of Voting Units
Represented
Mr. LeBrun stated the first item on the agenda was determination of the number of voting units represented. He stated that he received a landowner's proxy naming Jeremy LeBrun, signed by Gary Allen Jr. an authorized officer of the entity Carolina Holdings II, LLC representing 193 votes based on acreage.
Mr. LeBrun stated that he also had a landowner proxy naming Jeremy LeBrun proxy holder, signed by William G. Allen, an authorized officer of the entity Sunbelt Titusville Investments, LLC. Mr. LeBrun stated that it represents 216 votes based on acreage.

SECOND ORDER OF BUSINESS	Call to Order
Mr. LeBrun called the meeting to order.

THIRD ORDER OF BUSINESS	Election of Chairman for the Purpose of
Conducting the Landowners’ Meeting
Mr. LeBrun stated that he would serve as Chairman.

November 5, 2024	Tranquility CDD

FOURTH ORDER OF BUSINESS	Nominations	for	the	Positions	of
Supervisors (3)
Mr. LeBrun provided a proxy ballot that reflects the following nominations. Mr. William Livingston for seat 3, Mr. Clint Smith for seat 4, and Mr. David Lusby for seat 5. Mr. LeBrun stated there were no more nominations, and the floor closed for casting ballots.

FIFTH ORDER OF BUSINESS	Casting of Ballots
Mr. LeBrun presented the first proxy that was cast on behalf of Mr. LeBrun related to Sunbelt Titusville Investments LLC. They cast 200 votes for Mr. William Livingston, 200 votes for Mr. Clint Smith, and 199 votes for David Lusby.
Mr. LeBrun noted he was serving as a proxy for Carolina Holdings II LLC. He presented the votes: Carolina Holdings II, LLC proxy Jerry LeBrun casted 100 votes for Mr. Livingston, 100 votes for Mr. Smith, and 99 votes for Mr. Lusby.

SIXTH ORDER OF BUSINESS	Tabulation of Ballots and Announcement
of Results
Mr. LeBrun explained that the two seats with the most votes would serve a four-year term, and the other would serve a two-year term.
Mr. Lebrun reviewed the totaled ballot results. Mr. Livingston received 300 votes and Mr. Smith received 300 votes and they will both serve a four-year term. Mr. Lusby received 298 votes and will serve a two-year term.

SEVENTH ORDER OF BUSINESS	Adjournment
Mr. LeBrun adjourned the meeting.

2

Section B

---------- Forwarded message ---------
From: dlusby34 <dlusby34@bellsouth.net> Date: Thu, Nov 14, 2024 at 7:59 PM Subject: Tranquility CDD
To: Stacie Vanderbilt <svanderbilt@gmscfl.com>, Jeremy LeBrun <jlebrun@gmscfl.com>, Danielle Ferguson
<dferguson@sunbeltlandmgmt.com>

November 14, 2024

Jeremy:

This email letter shall serve as notice that I intend to step down as a Board Member of the Tranquility CDD eﬀective December 31,.2024 or sooner if a replacement for my seat is found.

Thank you, David Lusby

Section E

RESOLUTION 2025-02
A RESOLUTION ELECTING THE OFFICERS OF THE TRANQUILITY COMMUNITY DEVELOPMENT DISTRICT, BREVARD COUNTY, FLORIDA.

Whereas, the Tranquility Community Development District (the “District”) is a local unit of special-purpose government created and existing pursuant to Chapter 190, Florida Statutes; and

Whereas, the Board of Supervisors of the District (“Board”) desires to elect the Officers
of the District.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE TRANQUILITY COMMUNITY DEVELOPMENT DISTRICT:
Section 1. The following persons are elected to the offices shown:

Chairperson	 		
Vice Chairperson	 		
Secretary	 		
Assistant Secretary	 		
Assistant Secretary	 		
Assistant Secretary	 		
Assistant Secretary	 		
Treasurer	 		
Assistant Treasurer	 		
Assistant Treasurer	 		

Passed and adopted this 20th day of May 2025.
ATTEST:	TRANQUILITY COMMUNITY DEVELOPMENT DISTRICT

Secretary/Assistant Secretary	Chairperson, Board of Supervisors

Minutes

MINUTES OF MEETING TRANQUILITY
COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the Tranquility Community Development District was held on Wednesday, August 14, 2024 at 2:00 p.m. at 5445 S. Washington Ave. Floor, Titusville, Florida.

Present and constituting a quorum were:
Gary Allen Jr.	Chairman
William Livingston	Assistant Secretary
David Lusby by phone	Assistant Secretary
Clint Smith	Assistant Secretary Also, present were:
Jeremy LeBrun	GMS, Manager
Rodney Honeycutt by phone	District Engineer

The following is a summary of the discussions and actions taken at the August 14, 2024 Tranquility Community Development District’s Regular Board of Supervisor’s Meeting.

FIRST ORDER OF BUSINESS	Roll Call
Mr. LeBrun called the meeting to order at 2:00 p.m. Three Supervisors were in attendance in person and one Supervisor joined by phone.

SECOND ORDER OF BUSINESS	Public Comment Period
Mr. LeBrun stated there were no members of the public present to provide comment.

August 14, 2024	Tranquility CDD

THIRD ORDER OF BUSINESS	Approval of Minutes of the May 8, 2024 Board
of Supervisors Meeting
Mr. LeBrun presented the minutes of the May 8, 2024 Board of Supervisor’s meeting and asked for any comments, corrections, or questions. Hearing none, he asked for a motion of approval.

On MOTION by Mr. Livingston, seconded by Mr. Smith, with all in favor, the Minutes of the May 8, 2024 Board of Supervisors Meeting, were approved.

FOURTH ORDER OF BUSINESS	Public Hearing
*Supervisor Lusby joined the meeting at this time by phone.
Mr. LeBrun asked for a motion to open the public hearing.

On MOTION by Mr. Smith, seconded by Mr. Livingston, with all in favor, Opening the Public Hearing, was approved.

Mr. LeBrun stated there were no members of the public present to provide comment. He asked to close the public hearing.

On MOTION by Mr. Smith, seconded by Mr. Livingston, with all in favor, Closing the Public Hearing, was approved.

Consideration of Resolution 2024-04 Adopting Fiscal Year 2025 Proposed Budget and Appropriating Funds
Mr. LeBrun presented Resolution 2024-04 to the Board. He stated last time they met, they approved a proposed budget for the upcoming fiscal year, which starts October 1. He explained that this is a process of where the Board officially adopts that budget after the public hearing. He noted actuals have been updated as of June 30 for the Board’s review relatively unchanged since the last time the Board viewed this document. He stated it is currently showing a contribution developer funded for those expenses only that are actually realized for the upcoming fiscal year.

August 14, 2024	Tranquility CDD

On MOTION by Mr. Smith, seconded by Mr. Livingston, with all in favor, Resolution 2024-04 Adopting Fiscal Year 2025 Proposed Budget and Appropriating Funds, was approved.

Consideration of 2024/2025 Developer Funding Agreement
Mr. LeBrun stated the Board just adopted the Fiscal Year 2025 budget. He explained that the Funding Agreement is the mechanism that funds that budget. He stated currently they have that Funding Agreement in place, and this just extends it on for the next fiscal year, which starts on October 1, 2024.

On MOTION by Mr. Smith, seconded by Mr. Livingston, with all in favor, the 2024/2025 Developer Funding Agreement, was approved.

FIFTH ORDER OF BUSINESS	Presentation of Fiscal Year 2023 Financial
Audit Report
Mr. LeBrun noted the Board previously engaged with Grau & Associates to conduct their Fiscal Year 2023 audit. He explained that Districts are required each year to undergo an independent third party financial audit. He presented the Fiscal Year 2023 audit report to the Board. He reviewed the Letter to Management where Grau summarized their findings for Board members. He noted it was a clean audit.

On MOTION by Mr. Livingston, seconded by Mr. Smith, with all in favor, the Fiscal Year 2023 Financial Audit Report and Directing Staff to Transmit it to the State, was approved.

SIXTH ORDER OF BUSINESS	Staff Reports
Attorney
There being no report from the attorney, the next item followed.

Engineer
Mr. Honeycutt had nothing to report.

August 14, 2024	Tranquility CDD

District Manager’s Report
Balance Sheet and Income Statement
Mr. LeBrun presented the unaudited financials through June 30, 2024. No action is required by the Board.

Ratification of Funding Requests No. 23-25
Mr. LeBrun presented Funding Requests No. 23-25 and asked for ratification.

On MOTION by Mr. Livingston, seconded by Mr. Smith, with all in favor, Funding Requests No. 23-25, were ratified.

Adoption of District Goals and Objectives
Mr. LeBrun stated recent legislation was enacted that required CDDs to adopt annual goals and objectives. He noted this was recently passed in July and it has to be adopted by October 1. He explained that in the agenda packet is a document showing the approach GMS took and that they developed goals for all their Districts. The goals are aligned with state statutes, are actions that the Board and management are already carrying out and is also meets the requirement of the new legislation to be approved by October 1 and put in place for the fiscal year. He reviewed and discussed the goals with the Board. He pointed out that an added part of this legislation is in December of 2025, they have to report if they achieved the goals or not. As of now, these results have to be posted on their website.

On MOTION by Mr. Smith, seconded by Mr. Livingston, with all in favor, the Adoption of District Goals and Objectives, was approved.

Approval of Fiscal Year 2025 Meeting Schedule
Mr. LeBrun stated this Fiscal Year 2025 meeting schedule currently follows the same meeting schedule that they have had and it’s the second Wednesday of each month at 2:00 p.m. at the current location. There was discussion on the Fiscal Year 2025 meeting schedule. After discussion, it was decided to move the meeting schedule to an as needed basis as opposed to the monthly set schedule.

August 14, 2024	Tranquility CDD

On MOTION by Mr. Smith, seconded by Mr. Livingston, with all in favor, the Fiscal Year 2025 Meeting Schedule, was approved as amended.

SEVENTH ORDER OF BUSINESS	Other Business
There being no comments, the next item followed.

EIGHTH ORDER OF BUSINESS	Supervisors Requests
There being no comments, the next item followed.

NINTH ORDER OF BUSINESS	Adjournment
Mr. LeBrun asked for a motion to adjourn the meeting.

On MOTION by Mr. Smith, seconded by Mr. Allen, Jr., with all in favor, the meeting was adjourned.

Secretary/Assistant Secretary	Chairman/Vice Chairman

MINUTES OF MEETING TRANQUILITY
COMMUNITY DEVELOPMENT DISTRICT

The landowners’ meeting of the Board of Supervisors of the Tranquility Community Development District was held on Tuesday, November 5, 2024, at 2:06 p.m. at 5445 S. Washington Ave, Floor, Titusville, Florida 37780.

Present were:

Jeremy LeBrun	GMS, Manager

The following summarizes the discussions and actions taken at the November 5, 2024,
Tranquility Community Development District’s Landowners’ Meeting.

FIRST ORDER OF BUSINESS	Determination of Number of Voting Units
Represented
Mr. LeBrun stated the first item on the agenda was determination of the number of voting units represented. He stated that he received a landowner's proxy naming Jeremy LeBrun, signed by Gary Allen Jr. an authorized officer of the entity Carolina Holdings II, LLC representing 193 votes based on acreage.
Mr. LeBrun stated that he also had a landowner proxy naming Jeremy LeBrun proxy holder, signed by William G. Allen, an authorized officer of the entity Sunbelt Titusville Investments, LLC. Mr. LeBrun stated that it represents 216 votes based on acreage.

SECOND ORDER OF BUSINESS	Call to Order
Mr. LeBrun called the meeting to order.

THIRD ORDER OF BUSINESS	Election of Chairman for the Purpose of
Conducting the Landowners’ Meeting
Mr. LeBrun stated that he would serve as Chairman.

November 5, 2024	Tranquility CDD

FOURTH ORDER OF BUSINESS	Nominations	for	the	Positions	of
Supervisors (3)
Mr. LeBrun provided a proxy ballot that reflects the following nominations. Mr. William Livingston for seat 3, Mr. Clint Smith for seat 4, and Mr. David Lusby for seat 5. Mr. LeBrun stated there were no more nominations, and the floor closed for casting ballots.

FIFTH ORDER OF BUSINESS	Casting of Ballots
Mr. LeBrun presented the first proxy that was cast on behalf of Mr. LeBrun related to Sunbelt Titusville Investments LLC. They cast 200 votes for Mr. William Livingston, 200 votes for Mr. Clint Smith, and 199 votes for David Lusby.
Mr. LeBrun noted he was serving as a proxy for Carolina Holdings II LLC. He presented the votes: Carolina Holdings II, LLC proxy Jerry LeBrun casted 100 votes for Mr. Livingston, 100 votes for Mr. Smith, and 99 votes for Mr. Lusby.

SIXTH ORDER OF BUSINESS	Tabulation of Ballots and Announcement
of Results
Mr. LeBrun explained that the two seats with the most votes would serve a four-year term, and the other would serve a two-year term.
Mr. Lebrun reviewed the totaled ballot results. Mr. Livingston received 300 votes and Mr. Smith received 300 votes and they will both serve a four-year term. Mr. Lusby received 298 votes and will serve a two-year term.

SEVENTH ORDER OF BUSINESS	Adjournment
Mr. LeBrun adjourned the meeting.

2

Section V

RESOLUTION 2025-03

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE TRANQUILITY COMMUNITY DEVELOPMENT DISTRICT APPROVING PROPOSED BUDGET(S) FOR FISCAL YEAR 2025/2026 AND SETTING A PUBLIC HEARING THEREON PURSUANT TO FLORIDA LAW; ADDRESSING TRANSMITTAL, POSTING AND PUBLICATION REQUIREMENTS; ADDRESSING SEVERABILITY; AND PROVIDING AN EFFECTIVE DATE.
WHEREAS, the District Manager has heretofore prepared and submitted to the Board of Supervisors (“Board”) of the Tranquility Community Development District (“District”) prior to June 15, 2025, proposed budget(s) (“Proposed Budget”) for the fiscal year beginning October 1, 2025, and ending September 30, 2026 (“Fiscal Year 2025/2026”); and

WHEREAS, the Board has considered the Proposed Budget and desires to set the required public hearing thereon.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE TRANQUILITY COMMUNITY DEVELOPMENT DISTRICT:
PROPOSED BUDGET APPROVED. The Proposed Budget prepared by the District Manager for Fiscal Year 2025/2026 attached hereto as Exhibit A is hereby approved as the basis for conducting a public hearing to adopt said Proposed Budget.
SETTING A PUBLIC HEARING. A public hearing on said approved Proposed Budget is hereby declared and set for the following date, hour and location:

DATE:
HOUR:	2:00 PM
LOCATION: 5445 S. Washington Ave.
Titusville, FL 32780

TRANSMITTAL  OF  PROPOSED  BUDGET  TO  LOCAL  GENERAL
PURPOSE GOVERNMENT(S). The District Manager is hereby directed to submit a copy of the Proposed Budget to the local general-purpose governments at least 60 days prior to the hearing set above.

POSTING OF PROPOSED BUDGET. In accordance with Section 189.016, Florida Statutes, the District’s Secretary is further directed to post the approved Proposed Budget on the District’s website at least two days before the budget hearing date as set forth in Section 2 and shall remain on the website for at least 45 days.

PUBLICATION OF NOTICE. Notice of this public hearing shall be published in the manner prescribed in Florida law.

SEVERABILITY. The invalidity or unenforceability of any one or more provisions of this Resolution shall not affect the validity or enforceability of the remaining portions of this Resolution, or any part thereof.
EFFECTIVE DATE. This Resolution shall take effect immediately upon adoption.
PASSED AND ADOPTED THIS 20th DAY OF MAY, 2025.
ATTEST:	TRANQUILITY COMMUNITY DEVELOPMENT DISTRICT

Secretary / Assistant Secretary	Chair/Vice Chair, Board of Supervisors
Exhibit A:	Proposed Budget

Tranquility
Community Development District

Proposed Budget
FY2026

6M3

Table of Contents

1-2

3-6

	General Fund

	General Fund Narrative

Tranquility
Community Development District Proposed Budget
General Fund

	Adopted Budget	Actuals Thru	Projected Next	Total Thru	Proposed Budget	
Description	FY2025	3/31/25	6 Months	9/30/25	FY2026	

Revenues						
Phase 1 & 2 Assessments - On Roll	$	-	$	-	$	-	$	-	$	56,964	
Phase 3 Assessments - Direct	$	-	$	-	$	-	$	-	$	13,496	
Undeveloped Administrative Assessments - Direct	$	-	$	-	$	-	$	-	$	33,454	
Developer Contribution	$	142,891	$	27,160	$	45,645	$	72,805	$	150,290	
Total Revenues	$	142,891	$	27,160	$	45,645	$	72,805	$	254,204	

Expenditures						
General & Administrative
Supervisor Fees	
$	12,000	
$	-	
$	1,800	
$	1,800	
$	12,000	
FICA Expense	$	900	$	-	$	138	$	138	$	900	
Engineering	$	15,000	$	-	$	5,000	$	5,000	$	15,000	
Attorney	$	25,000	$	996	$	5,000	$	5,996	$	25,000	
Annual Audit	$	6,000	$	3,300	$	-	$	3,300	$	4,000	
Assessment Administration	$	5,000	$	-	$	-	$	-	$	5,150	
Arbitrage	$	450	$	-	$	-	$	-	$	450	
Dissemination	$	5,000	$	-	$	-	$	-	$	5,150	
Trustee Fees	$	4,071	$	-	$	-	$	-	$	4,500	
Management Fees	$	42,500	$	21,250	$	21,250	$	42,500	$	43,775	
Information Technology	$	1,890	$	945	$	945	$	1,890	$	1,947	
Website Maintenance	$	1,260	$	630	$	630	$	1,260	$	1,298	
Telephone	$	300	$	-	$	50	$	50	$	300	
Postage & Delivery	$	1,000	$	10	$	100	$	110	$	1,000	
Insurance	$	5,720	$	5,408	$	-	$	5,408	$	7,434	
Printing & Binding	$	1,000	$	29	$	100	$	129	$	1,000	
Legal Advertising	$	10,000	$	526	$	4,000	$	4,526	$	10,000	
Other Current Charges	$	5,000	$	204	$	270	$	474	$	5,000	
Office Supplies	$	625	$	0	$	50	$	50	$	625	
Dues, Licenses & Subscriptions	$	175	$	175	$	-	$	175	$	175	
Total Administrative	$	142,891	$	33,472	$	39,333	$	72,805	$	144,704	

Tranquility
Community Development District Proposed Budget
General Fund

	Adopted Budget	Actuals Thru	Projected Next	Total Thru	Proposed Budget	
Description	FY2025	3/31/25	6 Months	9/30/25	FY2026	

Operations & Maintenance
Field Expenditures
Property Insurance	$	

-	$	

-	$	-	

$	

-	$	10,000	
Field Management	$	-	$	-	$	-	$	-	$	15,000	
Lake Maintenance	$	-	$	-	$	-	$	-	$	12,000	
Streetlights	$	-	$	-	$	-	$	-	$	45,000	
Sidewalk & Asphalt Maintenance	$	-	$	-	$	-	$	-	$	10,000	
General Repairs & Maintenance	$	-	$	-	$	-	$	-	$	7,500	
Stormwater Maintenance	$	-	$	-	$	-	$	-	$	5,000	
Contingency	$	-	$	-	$	-	$	-	$	5,000	
Total Operations & Maintenance	$	-	$	-	$	-	$	-	$	109,500	

Excess Revenues/(Expenditures)	$	-	$	(6,312)  $	6,312	$	-	$	-

Total Expenditures	$	142,891	$	33,472	$	39,333	$	72,805	$	254,204

Product	ERU's	Units	ERU/Unit	Net Assessments	Net Per Unit	Gross Per Unit
Single Family 50' - Direct	67.00	67	1.00	$	13,496	$	201.43	$	214.29	
Single Family 70' - On Roll	282.80	202	1.40	$	56,964	$	282.00	$	300.00	
Totals	349.80	269		$	70,460					

Tranquility
Community Development District
General Fund Budget

Revenues:

Assessments

The District will levy a non-ad valorem assessment on all the assessable property within the District to pay for operating expenditures during the fiscal year.

Developer Contributions

The District will enter into a funding agreement with the Developer to fund the General Fund expenditures for the Fiscal Year.

Expenditures:

General & Administrative:

Supervisor Fees

Chapter 190, Florida Statutes, allows for each Board member to receive $200 per meeting, not to exceed
$4,800 per year paid to each Supervisor for the time devoted to District business and meetings.

FICA Expense

Represents the Employer's share of Social Security and Medicare taxes withheld from Board of Supervisors checks.

Engineering

The District's engineer provides general engineering services to the District, e.g., attendance and preparation for monthly board meetings, review invoices and various projects as directed by the Board of Supervisors and the District Manager.

Attorney

The District's legal counsel provides general legal services to the District, e.g., attendance and preparation for meetings, preparation and review of agreements, resolutions, etc. as directed by the Board of Supervisors and the District Manager.

Annual Audit

The District is required by Florida Statutes to arrange for an independent audit of its financial records on an annual basis.

Assessment Administration

The District will contract to levy and administer the collection of non-ad valorem assessment on all assessable property within the District.

Tranquility
Community Development District
General Fund Budget

Arbitrage

The District will contract with an independent certified public accountant to annually calculate the District’s Arbitrage Rebate Liability on an anticipated bond issuance.

Dissemination

The District is required by the Security and Exchange Commission to comply with Rule 15c2-12(b)(5) which relates to additional reporting requirements for unrated bond issues. This cost is based upon an anticipated bond issuance.

Trustee Fees

The District will incur trustee related costs with the issuance of its’ issued bonds.

Management Fees

The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services-Central Florida, LLC. The services include but are not limited to, recording and transcription of board meetings, administrative services, budget preparation, all financial reports, annual audits, etc.

Information Technology

Represents various cost of information technology for the District such as video conferencing, cloud storage and servers, positive pay implementation and programming for fraud protection, accounting software, tablets for meetings, Adobe, Microsoft Office, etc. Governmental Management Services – Central Florida, LLC provides these systems.

Website Maintenance

Represents the costs associated with monitoring and maintaining the District’s website created in accordance with Chapter 189, Florida Statutes. These services include site performance assessments, security and firewall maintenance, updates, document uploads, hosting and domain renewals, website backups, etc.
Governmental Management Services – Central Florida, LLC provides these services.

Telephone

Telephone and fax machine.

Postage & Delivery

The District incurs charges for mailing of Board meeting agenda packages, overnight deliveries, correspondence, etc.

Insurance

The District’s general liability and public official’s liability insurance coverages.

Printing & Binding

Printing and Binding agenda packages for board meetings, printing of computerized checks, stationary, envelopes, etc.

Tranquility
Community Development District
General Fund Budget

Legal Advertising

The District is required to advertise various notices for monthly Board meetings, public hearings, etc. in a newspaper of general circulation.

Other Current Charges

Bank charges and any other miscellaneous expenses incurred during the year.

Office Supplies

Any supplies that may need to be purchased during the fiscal year, e.g., paper, minute books, file folders, labels, paper clips, etc.

Dues, Licenses & Subscriptions

The District is required to pay an annual fee to the Florida Department of Economic Opportunity for
$175. This is the only expense under this category for the District.

Field Expenditures:

Property Insurance

The District’s estimated property insurance coverages.

Field Management

Represents the estimated costs of contracting services that provide onsite field management of contracts for the District such as landscape and lake maintenance. Services can include onsite inspections, meetings with contractors, monitoring of utility accounts, attend Board meetings and receive and respond to property owner phone calls and emails.

Lake Maintenance

Represents the estimated costs of maintaining the lake for the District.

Streetlights

Encompasses the budgeted amount for the District’s decorative light poles and fixtures in various locations.

Sidewalk & Asphalt Maintenance

Represents the estimated costs of maintaining the sidewalks and asphalt throughout the District’s Boundary.

General Repairs & Maintenance

Represents estimated costs for general repairs and maintenance of the District’s common areas.

Tranquility
Community Development District
General Fund Budget

Stormwater Maintenance

Represents the estimated costs of maintaining the District’s stormwater systems.

Contingency

Represents funds allocated to expenses that the District could incur throughout the fiscal year that do not fit into any field category.

Section VI

Section C

Section 1

Tranquility
Community Development District

Unaudited Financial Reporting
March 31, 2025

Table of Contents

	Balance Sheet

	General Fund

	Month to Month

Tranquility
Community Development District Combined Balance Sheet
March 31, 2025

	General Fund		Capital Projects Fund	Totals Governmental Funds	
Assets:
Cash:
Operating Account	

$	5,211	

$	

-	

$	5,211	
Due From Developer	$	7,637	$	-	$	7,637	
Total Assets	$	12,847	$	-	$	12,847	
Liabilities:
Accounts Payable	

$	10,937	

$	

-	

$	10,937	
Total Liabilites	$	10,937	$	-	$	10,937	
Fund Balance:
Unassigned	

$	1,911	

$	

-	

$	1,911	
Total Fund Balances	$	1,911	$	-	$	1,911	
					
Total Liabilities & Fund Balance	$	12,847	$	-	$	12,847	

Tranquility
Community Development District General Fund
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending March 31, 2025

	Adopted	Prorated Budget	Actual		
	Budget	Thru 03/31/25	Thru 03/31/25	Variance	

Revenues:					
Developer Contributions	$	142,891	$	27,160	$	27,160	$	-	
Total Revenues	$	142,891	$	27,160	$	27,160	$	-	

Expenditures:					
General & Administrative:					
Supervisor Fees	$	12,000	$	6,000	$	-	$	6,000	
FICA Expense	$	900	$	450	$	-	$	450	
Engineering	$	15,000	$	7,500	$	-	$	7,500	
Attorney	$	25,000	$	12,500	$	996	$	11,504	
Annual Audit	$	6,000	$	3,300	$	3,300	$	-	
Assessment Administration	$	5,000	$	-	$	-	$	-	
Arbitrage	$	450	$	-	$	-	$	-	
Dissemination	$	5,000	$	-	$	-	$	-	
Trustee Fees	$	4,071	$	-	$	-	$	-	
Management Fees	$	42,500	$	21,250	$	21,250	$	-	
Information Technology	$	1,890	$	945	$	945	$	-	
Website Maintenance	$	1,260	$	630	$	630	$	-	
Telephone	$	300	$	150	$	-	$	150	
Postage & Delivery	$	1,000	$	500	$	10	$	490	
Insurance	$	5,720	$	5,720	$	5,408	$	312	
Printing & Binding	$	1,000	$	500	$	29	$	471	
Legal Advertising	$	10,000	$	5,000	$	526	$	4,474	
Other Current Charges	$	5,000	$	2,500	$	204	$	2,296	
Office Supplies	$	625	$	313	$	0	$	312	
Dues, Licenses & Subscriptions	$	175	$	175	$	175	$	-	
Total Expenditures	$	142,891	$	67,433	$	33,472	$	33,961	
					
Excess (Deficiency) of Revenues over Expenditures	$	-		$	(6,312)		
					
Fund Balance - Beginning	$	-		$	8,223		
					
Fund Balance - Ending	$	-		$	1,911		

Tranquility
Community Development District Month to Month

Oct	Nov	Dec	Jan	Feb	March	April	May	June	July	Aug	Sept	Total

Revenues:

Developer Contributions	$	3,813	$	-	$	3,804	$	3,806	$	8,100	$	7,637	$	-	$	-	$	-	$	-	$	-	$	-	$	27,160	
Total Revenues	$	3,813	$	-	$	3,804	$	3,806	$	8,100	$	7,637	$	-	$	-	$	-	$	-	$	-	$	-	$	27,160	

Expenditures:								
General & Administrative:								
Supervisor Fees	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-	
FICA Expense	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-	
Engineering	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-	
Attorney	$	-	$	-	$	-	$	996	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	996	
Annual Audit	$	-	$	-	$	-	$	-	$	3,300	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	3,300	
Assessment Administration	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-	
Arbitrage	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-	
Dissemination	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-	
Trustee Fees	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-	
Management Fees	$	3,542	$	3,542	$	3,542	$	3,542	$	3,542	$	3,542	$	-  $	-  $	-  $	-  $	-  $	-  $	21,250	
Information Technology	$	158	$	158	$	158	$	158	$	158	$	158	$	-  $	-  $	-  $	-  $	-  $	-  $	945	
Website Maintenance	$	105	$	105	$	105	$	105	$	105	$	105	$	-  $	-  $	-  $	-  $	-  $	-  $	630	
Telephone	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-	
Postage & Delivery	$	8	$	0	$	-	$	-	$	2	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	10	
Insurance	$	5,408	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	5,408	
Printing & Binding	$	0	$	2	$	-	$	-	$	-	$	27	$	-  $	-  $	-  $	-  $	-  $	-  $	29	
Legal Advertising	$	526	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	526	
Other Current Charges	$	40	$	40	$	40	$	40	$	43	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	204	
Office Supplies	$	0	$	0	$	-	$	-	$	0	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	0	
Dues, Licenses & Subscriptions	$	175	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	175	
Total Expenditures	$	9,961	$	3,846	$	3,844	$	4,840	$	7,149	$	3,831	$	-  $	-  $	-  $	-  $	-  $	-  $	33,472	
								
Excess (Deficiency) of Revenues over Expenditures	$	(6,149)	$	(3,846)	$	(40)	$	(1,034)	$	951	$	3,806	$	-  $	-  $	-  $	-  $	-  $	-  $	(6,312)	

Section 2

Tranquility
Community Development District

Funding Request #31
December 16, 2024

Bill to:	Carolina Holdings, LLC
General Fund
Payee	FY2025

1	Governmental Management Services
Invoice # 35 - Management Fees December 2024

$	3,804.17

$	3,804.17

Total

$	3,804.17

Please make check payable to:

Tranquility Community Development District
6200 Lee Vista Blvd, Suite 300
Orlando, FL 32822

GMS-Central Florida, LLC
1001 Bradford Way
Kingston, TN 37763

Invoice

Bill To:
Tranquility COD
219 E Livingston St. Orlando, FL 32801

Invoice #: 35
Invoice Date: 12/i /24
Due Date: 12/1/24
Case:
P.O. Number:

Description	Hours/Qty	Rate	Amount

Management Fees - December 2024 Website Administration - December 2024 Information Technology - December 2024		3,541.67
105.00
157.50	3,541.67
105.00
157.50	

Tranquility
Community Development District

Funding Request #32
January 23, 2025

Bill to:	Carolina Holdings, LLC
General Fund
Payee	FY2025

1	Governmental Management Services
Invoice # 34 - Management Fees November 2024

$	3,806.20

$	3,806.20

Total

$	3,806.20

Please make check payable to:

Tranquility Community Development District
6200 Lee Vista Blvd, Suite 300
Orlando, FL 32822

GMS�Central Florida, LLC
1001 Bradford Way
Kingston, TN 37763

Invoice

Bill To:
Tranquility COD 219 E Livingston St. Orlando, FL 32801

Invoice #: 34
Invoice Date: 11/1/24
Due Date: 11/1/24
Case:
P.O. Number:

Description	Hours/Qty
11

Rate	Amount

Management Fees - November 2024 Website Administration - November 2024 Information Technology - November 2024 Office Supplies
Postage Copies		3,541.67
105.00
157.50
0.03
0.20
1.80	3,541.67
105.00
157.50
0.03
0.20
1.80	

Tranquility
Community Development District

Funding Request #33
February 26, 2025

Bill to:	Carolina Holdings, LLC
General Fund
Payee	FY2025

1	Cobb Cole PA
Invoice # 62341 - Legal Service for January 2025	
$	996.00	
2	Grau & Associates
Invoice # 26904 - Audit FYE 9/30/24	
$	3,300.00	

$	4,296.00

Total

$	4,296.00

Please make check payable to:

Tranquility Community Development District
6200 Lee Vista Blvd, Suite 300
Orlando, FL 32822

Cobb Cole, P.A.	INVOICE

Number	62341	
Issue Date	2/11/2025	
Due Date	3/13/2025	
Matter	49308 - General Work in Progress	
Email	invoices@gmscfl.com	

One Daytona Boulevard
Suite 600		
Daytona Beach, FL 32114		
US		
www.cobbcole.com		
O: (386) 255-8171		
Bill To:		
49308 - Tranquility CDD		
c/o GMS-FL, LLC
219 East Livingston Street Orlando, FL 32801		

Flat Fees		
Flat Fees	Billed By	Price	Qty	Sub	
Billable 1/29/2025
Drafted and sent Audit Response Letter for Fiscal Year 2024.	MAW	$300.00	1.00	$300.00	
		Flat Fees Total:	1.00	$300.00	
Time Entries					
Time Entries	Billed By	Hours	Sub	
Billable 1/14/2025
Reviewed documentation regarding completed infrastructure and followed up with ALS regarding bills of sale.	Mark A Watts	0.30	$135.00	
Billable 1/17/2025
Drafted Bills of Sale in connection with Tranquility Phase 1.	Alanna V Smith	1.40	$336.00	
Billable 1/20/2025
Reviewed and forwarded bills of sale for public infrastructure.	Mark A Watts	0.50	$225.00	
		2.20	$696.00	

Invoices@cobbcole.com

Total (USD)	
$996.00	
Paid Balance 
Total Outstanding	$0.00	
	$996.00	
	$996.00	

Terms & Conditions

Timekeeper Totals
Name	Rate	Hours	Total	
Mark A Watts	$450.00	0.80	$360.00	
Alanna V Smith	$240.00	1.40	$336.00	

Trust Account Balance

Date	Item	Amount	Balance	
2/26/2025	Current Balance	$0.00	

Grau and Associates
1001 W. Yamato Road, Suite 301 Boca Raton, FL 33431 www.graucpa.com

Phone: 561-994-9299	Fax: 561-994-5823

Tranquility Community Development District 219 East Livingston Street
Orlando, FL 32801

Invoice No.	26904 Date	02/04/2025

SERVICE		AMOUNT	
Audit FYE 09/30/2024		$	3,300.00	
	Current Amount Due	$	3,300.00	

0 - 30	31- 60	61 - 90	91 - 120	Over 120	Balance	
3,300.00	0.00	0.00	0.00	0.00	3,300.00	
Payment due upon receipt.

Tranquility
Community Development District

Funding Request #34
February 27, 2025

Bill to:	Carolina Holdings, LLC
General Fund
Payee	FY2025

1	Governmental Management Services
Invoice # 36 - Management Fees January 2025

$	3,804.17

$	3,804.17

Total

$	3,804.17

Please make check payable to:

Tranquility Community Development District
6200 Lee Vista Blvd, Suite 300
Orlando, FL 32822

GMS-Central Florida, LLC
1001 Bradford Way
Kingston, TN 37763

Invoice

Bill To:
Tranquility COD 219 E Livingston St. Orlando, FL 32801

Invoice #: 36
Invoice Date: 1/1/25
Due Date: 1/1/25
Case:
P.O. Number:

Description	Hours/Qty	Rate	Amount

Management Fees - January 2025 Website Administration - January 2025 Information Technology - January 2025		3,541.67
105.00
157.50	i	3,541.67
105.00
157.50	

Tranquility
Community Development District

Funding Request #35
March 18, 2025

Bill to:	Carolina Holdings, LLC
General Fund
Payee	FY2025

1	Governmental Management Services
Invoice # 38 - Management Fees March 2025

$	3,830.72

$	3,830.72

Total

$	3,830.72

Please make check payable to:

Tranquility Community Development District
6200 Lee Vista Blvd, Suite 300
Orlando, FL 32822

GMS-Central Florida, LLC
1001 Bradford Way
Kingston, TN 37763

Invoice

Bill To:
Tranquility COD 219 E Livingston St. Orlando, FL 32801

Invoice #: 38
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		3,541.67
105.00
157.50
26.55	3,541.67
105.00
157.50
26.55	

Tranquility
Community Development District

Funding Request #36
April 18, 2025

Bill to:	Carolina Holdings, LLC
General Fund
Payee	FY2025

1	Governmental Management Services
Invoice # 40 - Management Fees April 2025	
$	3,815.97	
2	Cobb Cole, P.A.
Invoice # 64002 - Legal Services for Feb 2025	
$	270.00	

$	4,085.97

Total

$	4,085.97

Please make check payable to:

Tranquility Community Development District
6200 Lee Vista Blvd, Suite 300
Orlando, FL 32822

GMS-Central Florida, LLC
1001 Bradford Way
Kingston, TN 37763

Invoice

Bill To:
Tranquility CDD 219 E Livingston St. Orlando, FL 32801

Invoice #: 40
Invoice Date: 4/1/25
Due Date: 4/1/25
Case:
P.O. Number:

Description	Hours/Qty	Rate	Amount

Management Fees -April 2025 Website Administration - April 2025 Information Technology -April 2025 Postage

3,541.67
105.00
157.50
11.80

ow�m

m�A�R� 12..nJ 2..'-.'l
,.. l.'

'·,, '•

I
I
i.--

--

-

3,541;67
105.00
157.50
11.80

4/8/25, 9:20 AM	Invoice 64002

Cobb Cole, P.A.	INVOICE

Number	64002	
Issue Date	4/3/2025	
Due Date	5/3/2025	
Matter	49308 - Bond Validation 2025	
Email	invoices@gmscfl.com	

One Daytona Boulevard Suite 600
Daytona Beach, FL 32114
us
lnvoices@cobbcole.com www.cobbcole.com
O: (386) 255-8171

Bill To:
49308 - Tranquility CDD c/o GMS-FL, LLC
219 East Livingston Street Orlando, FL 32801

By

Time Entries

Time Entries	Billed By	Hours	Sub	
Billable
2/20/2025	Mark A Watts	0.60	$270.00	
Reviewed email regarding new assessment proceedings and proposed bond				
structure for Phases 3 and beyond; Participated in call with COD chair and finance team.				
		0.60	$270.00	

Total (USO)	$270.00	
Paid	$0.00	
Balance	$270.00	
Total Outstanding	$270.00	

Terms 8: Conditions

4/8/25, 9:20 AM	Invoice 64002

Timekeeper Totals

Name

Mark A Watts

Rate
$450.00

Hours
0.60

Total

$270.00

	

Trust Account Balance

Date	Item	Amount	Balance	
4/8/2025	Current Balance		$0.00	

Tranquility
Community Development District

Funding Request #37
April 23, 2025

Bill to:	Carolina Holdings, LLC
General Fund
Payee	FY2025

1	Governmental Management Services
Invoice # 37 - Management Fees Feb 2025

$	3,805.79

$	3,805.79

Total

$	3,805.79

Please make check payable to:

Tranquility Community Development District
6200 Lee Vista Blvd, Suite 300
Orlando, FL 32822

GMS-Central Florida, LLC
1001 Bradford Way
Kingston, TN 37763

Invoice

Bill To:
Tranquility COD 219 E Livingston St. Orlando, FL 32801

Invoice #: 37
Invoice Date: 211/25
Due Date: 211/25
Case:
P.O. Number:

Description	Hours/Qty	Rate	Amount

Management Fees - February 2025 Website Administration - February 2025 Information Technology - February 2025 Office Supplies
Postage		3,541.67
105.00
157.50
0.06
1.56	3,541.67
105.00
157.50
0.06
1.56	

Total	$3,805.79	
Payments/Credits	$0.00	
Balance Due	$3,805.79	

Section 3

April 18, 2025

Ms. Brittany Brookes, Recording Secretary 219 East Livingston Street
Orlando, Florida 32801

RE:	Tranquility Community Development District Dear Ms. Brookes:
I am writing in response to your request of March 10, 2025 for the number of registered voters within the afore-mentioned communities.

Please be advised our records indicate the number of registered voters as of April 15, 2025 are as follows:

Tranquility Community Development District	3

If you need any additional information, or have any questions, please feel free to contact me at 321.290.8683.

Kind regards,
Tim Bobanic

TB/dy

Mailing Address
PO Box 410819
Melbourne, FL 32941-0819
Toll Free: (800) 579-4780

Supervisor of Elections - Titusville
400 South Street Suite 1F
Titusville, FL 32780-7610
Telephone: (321) 264-6740
Fax: (321) 264-6741

Supervisor of Elections - Viera 2725 Judge Fran Jamieson Way Building C, Suite 105
Viera, FL 32940-6605
Telephone: (321) 633-2124
Fax: (321) 633-2130

Supervisor of Elections - Melbourne
1515 Sarno Road Building A
Melbourne, FL 32935-5293
Telephone: (321) 255-4455
Fax: (321) 255-4401

Supervisor of Elections – Palm Bay
450 Cogan Drive SE
Palm Bay, FL 32909-6869
Telephone: (321) 952-6328
Fax: (321) 952-6332

(321) 290-VOTE (8683)
VoteBrevard.gov