COLD SPRINGS IMPROVEMENT DISTRICT

MARION COUNTY Regular Board Meeting August 7, 2025
10:00 A.M.

Special District Services, Inc.
The Oaks Center 2501A Burns Road
Palm Beach Gardens, FL 33410
561.630.4922 Telephone 877.SDS.4922 Toll Free 561.630.4923 Facsimile

AGENDA
COLD SPRINGS IMPROVEMENT DISTRICT
Gray, Ackerman & Haines, P.A.
211 N.W. 3rd Street Ocala, Florida 34475
To Call In: 800 743 4099 Access Code 9363638 REGULAR BOARD MEETING
August 7, 2025
10:00 a.m.

Call to Order
Proof of Publication…	Page 1
Board Member Resignation…	Page 2
Establish Quorum
Election of Officers
Chairman
Vice Chairman
Secretary/Treasurer
Assistant Secretaries
Additions or Deletions to Agenda
Comments from the Public for Items Not on the Agenda
Approval of Minutes
July 11, 2024 Regular Board Meeting Minutes…	Page 3
Old Business
New Business
Consider Resolution No. 2025-01 – Adopting a Fiscal Year 2025/2026 Final Budget…	Page 7
Consider Resolution No. 2025-02 – Adopting a Fiscal Year 2025/2026 Meeting Schedule… Page 12
Consider Resolution No. 2025-03 – Adopting a Fiscal Year 2024/2025 Amended Budget.	Page 14
Administrative Matters
Board Member Comments
Adjourn

•I
The Gainesville Sun I The Ledger Daily Commercial I Ocala StarBanner News Chief I Herald-Tribune

PO Box 631244 Cincinnati, OH 45263-1244

AFFIDAVIT OF PUBLICATION
Cold Springs Imprvmnt-330 Cold Springs Imprvmnt-330 2501 BURNS ROAD STEA
PALM BEACH GARDENS FL 33410

STATE OF WISCONSIN, COUNTY OF BROWN

Before the undersigned authority personally appeared, who on oath says that he or she is the Legal Coordinator of the Star Banner, published in Marion County, Florida; that the attached copy of advertisement, being a Public Notices, was published on the publicly accessible website of Marion County, Florida, or in a newspaper by print in the issues of, on:

09/20/2024, 09/27/2024

Affiant further says that the website or newspaper complies with all legal requirements for publication in chapter 50, Florida Statutes.
Subscribed and sworn to before me, by the legal clerk, who

Legal Cl

Notary, State of WI, County of Brown
	3•1r07	

Publication Cost:	$481.12		
Tax Amount:	$0.00		
Payment Cost:	$481.12		
Order No:	10579533	# of Copies:	
Customer No:	533733	1	
PO#:			

My commission expires

COLD SPRIUGS IMPROVEMENT DISTRICT
NOTICE OF LANDOWNERS'
MEETING AND
FISCAL YEAR 1024/2025
REGULAR MEETING SCHEDULE
NOTICE 15 HEREBY GIVEN !hat
o Landowners' Mee-fina of the Cold Sorint1s lmpro-.remenf District will be held oo October 11, 202�, □1 10:00
o.m .. er os soon thc!-reofler as con be heord, in !he olfices of Gro,;, AckermOl'I a. Hoine-s, P.A. Jocoted at
211 NW 3rd Street. O<olo, Fl�ido
lJ.475.
The  primory  por� of !ht:'
Lortdownen.' M�ting is to elect five
{S) Superviwn; for tne Cold Springs lmorovem•ml Oislricl and lo consider onY olht-r busineu which moy pro;x-rly come before if. The meelinu is OlX'n to the public 0l'ld wlll be cooc!ucled in occo.donce with lht- D(O'JiSiOflS of Florido low. A cony of tM A�o  for lhe Londown•
ers' Meeting mov be ebtolrn:!d bv
contacting tM Oislrici f,'\anoger 01 561� and/or toll frN! of 1•077• 7374922 Hv1, {5} cloys prior lo lhe OOte 01 Ille nieetin9.
NOTICE IS HEREBY GJVEU !hot
tne Boord of Sui>ervhors of Ille Cold Springs lmProvemenl District wiU hold R�ulor t-Melinos at 10:00 o.m, In the ofllces of Gray. Acker• mon £. Hoines. P.A. locotM at 211 NW Jrd Street, Oco!o, Florido J.U75, on lti,e. following doles:
october J7, 102.t
November 7, 2024
December 5, 2024 JonuorY9,Ul25 February 6, 2025 Morch6,2025 Ariril J, 2025
M..ay l, 2025 Junc-5,2025 JulYl0,2025
Auo.iust 7, 1025
5ept,mber .t, 2025
The pur� of lhe regu!or meelinas Is: to corn:lucl Dn'r busil\eSS coming before fl",e Boord. /Metlnra are open to 1hf: Pl.lblic and will be conducted in accordance wilh !he cro..,ision, of Florida lcnv, Conks of the Aael'ldo for onv of the meetin,;is may be o-btoi�frc,mthf: Districf'swebsfte or by con!octinQ the District Moru::'9N ol 56l•6J0.4921 and/or toll fr« ol 1.577.737..tm five (5) days
�ior 10 the aotc of the pc,rl!cu!ar meelinti.
From time lo lime one or more Supervi'1-0fs may parficipcle by le!e­ phorie; lherelcre, o sp�kcr te!c• PMne will be present ot lhe meelirtrJ loc.olion so that the Supervisors moy be fully informco of the discussions laking p!oce. Said mectlnu(s) moY be continued os found �c,swrv too lime and place specified en the record.
If om' per� ckddes to op�ol ony decision made with r�pect to onv moHer coosidered ot the LonOOwn­
,.,., Mec!ing or !fl<? RMulor Meet­
in,;i<;, �uch person wHI Med a record of the proceedings and such �rso-n may �d lo ensure fhnt c verbolim re-cord cf the Proce«l!nsis is mode al his � Mr owri ex�nw and which record indwde:. 1hr testimony and evi<knce on which lhe oppe-of Is
"ln""cx";·cordonce with the provlstons of IM Arnedcons wilh Disabilities Act, ony PCr!mn re::iuirfrto spedol occoo1- modofiorn; 0< 0l'l Interpreter to
participate ot ony cf ttw.u- me-etings should ceriloct !he District A\onooer at S61-6JO-.W22 on<ilor toll frne at 1- 877-737•� ot leosl scven (7) don p,-io-r lo !he dole of the pcrticutor meeliM.
Meetlnas mot be c□nc:el!ed fr□m
!!me ta time wllhcl.!t odvcrti-.ad nonce.
COLD SPRINGS IMPROVEMENT
DISTRICT
www.coldsprlngsid,c,rQ

THIS IS NOT AN INVOICE!
Please do 1101 use this form for payment remit/a11ce.

10579533

L

KAITLYN FELTY
Notary Public
State of Wisconsin

Page 1 of 1

From: Kate Saft <Kate.Saft@gmlaw.com>
Sent: Thursday, June 12, 2025 2:11 PM
To: Pete Pimentel <PPimentel@sdsinc.org>
Subject: Declination of Board Seat for Cold Springs Community Development District Hi Pete,
As you know, I was elected to the Cold Springs Community Development District (“Cold Springs CDD”),
but I respectfully must decline acceptance of the seat. Since I represent one of the landowners in the district, I do not think it would be appropriate to accept a seat on the Cold Springs CDD board. I have not taken any action or attended any board meetings for the Cold Springs CDD and respectfully decline to accept a seat on the board.

Thank you,

Kate Saft, Esq. Greenspoon Marder LLP Partner
201 East Pine Street, Suite 500
Orlando, FL 32801
Direct Phone Number: 407.563.8934 Office Phone Number: 407.425.6559 Email Address: kate.saft@gmlaw.com www.gmlaw.com

GREENSPOON MARDER LLP LEGAL NOTICE
The information contained in this transmission may be attorney/client privileged and confidential. It is intended only for the use of the individual or entity named above. If the reader of this message is not the intended recipient, you are hereby notified that any dissemination, distribution or copying of this communication is strictly prohibited. If you have received this communication in error, please notify us immediately by reply e-mail.
Unless specifically indicated otherwise, any discussion of tax issues contained in this e- mail, including any attachments, is not, and is not intended to be, "written advice" as defined in Section 10.37 of Treasury Department Circular 230.
A portion of our practice involves the collection of debt and any information you provide will be used for that purpose if we are attempting to collect a debt from you.

COLD SPRINGS IMPROVEMENT DISTRICT REGULAR BOARD MEETING
JULY 11, 2024

CALL TO ORDER

District Manager Peter L Pimentel called the July 11, 2024, Regular Board Meeting of the Cold Springs Improvement District to order at 10:09 a.m.

PROOF OF PUBLICATION

Proof of publication was presented noting that the notice of the Regular Board Meeting was published in the Star Banner on August 30, 2023, as legally required.

ESTABLISH QUORUM

It was determined that the attendance of Timothy Haines, Patti Haines, Laurie “Chip” Yonge, Neil Kalin and Chuck Pigeon (who arrived at 10:15 am) constituted a quorum, and that it was in order to proceed with the meeting.

Also in attendance via telephone was District Manager Peter L. Pimentel of Special District Services, Inc.
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.

APPROVAL OF MINUTES
SEPTEMBER 7, 2023, REGULAR BOARD MEETING MINUTES
Mr. Pimentel asked if there were any corrections to the September 7, 2023, Regular Board Meeting minutes.
A motion was made by Mr. Haines, seconded by Mr. Kalin and unanimously passed to approve the September 7, 2023, Regular Board Meeting minutes, as presented.
OLD BUSINESS

There was no old business.

COLD SPRINGS IMPROVEMENT DISTRICT REGULAR BOARD MEETING
JULY 11, 2024

NEW BUSINESS

Consider Resolution No. 2024- 01
Mr. Pimentel presented and reviewed Resolution No. 2024-01, entitled:
RESOLUTION NO. 2024-01
A RESOLUTION OF THE COLD SPRINGS IMPROVEMENT DISTRICT ADOPTING A FISCAL YEAR 2024/2025 BUDGET

Mr. Pimentel noted that the proposed budget is to cover the basic operation of the District and stated that one of the major landowners has indicated a desire to keep the District active. In the event the District increases its activity, the Board may need to revise the Budget to reflect a more active role.

A motion was made by Mr. Haines, seconded by Mr. Yonge and unanimously passed to adopt Resolution No. 2024-01, as presented.

Consider Resolution No. 2024-02
Mr. Pimentel requested that this item be delayed until the end of the meeting. The consensus of the Board agreed to delay this item.
Consider Resolution No. 2024-03
Mr. Pimentel presented and reviewed Resolution No. 2024-03, entitled:
RESOLUTION NO. 2024-03

A RESOLUTION OF THE COLD SPRINGS IMPROVEMENT DISTRICT ADOPTING A REVISED FISCAL YEAR 2023/2024 BUDGET AND PROVIDING AN EFFECTIVE DATE.

A motion was made by Mr. Haines, seconded by Mr. Kalin and unanimously passed to adopt Resolution No. 2024-03, as presented.
Consider Resolution No. 2024-02

Mr. Pimentel noted that the individual Board members have voluntarily agreed to extend their terms for the past two years. As such, there has not been a Landowner’s meeting during this time period. He further stated that he has been in touch with one of the major landowners regarding this and they acknowledged that a Landowner’s meeting should be

COLD SPRINGS IMPROVEMENT DISTRICT REGULAR BOARD MEETING
JULY 11, 2024

held in October as required by the District statute. He then presented and reviewed Resolution No. 2024-02, entitled:

RESOLUTION NO. 2024-02

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE COLD SPRINGS IMPROVEMENT DISTRICT, ESTABLISHING A REGULAR MEETING SCHEDULE FOR FISCAL YEAR 2024/2025 AND SETTING THE TIME AND LOCATION OF SAID DISTRICT MEETINGS; AND PROVIDING AN EFFECTIVE DATE.

Mr. Pimentel noted that the meetings are scheduled for the first Thursday of each month except for January and July 2025, each of which conflicts with holidays. The meetings for those two months have been moved to the second Thursday of the month. He then explained that the Landowner’s meeting has to be announced ninety days in advance and that the earliest it could be held in October is on the nineth. He suggested that the Landowner’s meeting and the October Board meeting be held on the same day and suggested October 17th at 10:00 am.

Mr. Pimentel stated that he would be in contact with Attorney Kate Saft who represents one of the major landowners to discuss their plans moving for forward and that he would report back to the Board. He did not know if the current members of the Board wished to remain on the Board or if the landowners wanted to replace the members with their own appointees. Mrs. Haines indicated that she did not wish to remain on the Board.
A motion was made by Mr. Kalin, seconded by Mr. Haines and unanimously passed to adopt Resolution No. 2024-02, as amended, and announce the Annual Landowner’s meeting for the same date and time.
ADMINISTRATIVE MATTERS
A discussion was held regarding the lack of a map of the District boundaries. Mr. Pigeon indicated that he is researching the matter and that he would attempt to prepare such a map.

BOARD MEMBERS COMMENTS

There were no Board member comments

ADJOURN

COLD SPRINGS IMPROVEMENT DISTRICT REGULAR BOARD MEETING
JULY 11, 2024

A motion was made by Mrs. Haines, seconded by Mr. Yonge and unanimously passed to adjourn at 10:35 am.

Secretary/Assistant Secretary	Chair/Vice-Chair

RESOLUTION NO. 2025-01

A RESOLUTION OF THE COLD SPRINGS IMPROVEMENT DISTRICT ADOPTING A FISCAL YEAR 2025/2026 BUDGET.

WHEREAS, the Board of Supervisors of the Cold Springs Improvement District (“District”), has prepared a proposed Budget for Fiscal Year 2025/2026; and,

WHEREAS, at a duly advertised meeting, the Board considered the proposed Budget for Fiscal Year 2025/2026.

NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE COLD SPRINGS IMPROVEMENT DISTRICT THAT:

Section 1.	The proposed Budget for Fiscal Year 2025/2026 attached hereto as Exhibit “A” is approved and adopted in final form, and the assessments set forth therein are hereby 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 7th day of August, 2025.
ATTEST:	COLD SPRINGS
IMPROVEMENT DISTRICT

By:			By:		 Secretary/Assistant Secretary			Chairman/Vice Chairman

Cold Springs Improvement District

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

CONTENTS

FINAL BUDGET

DETAILED FINAL BUDGET

FINAL BUDGET
COLD SPRINGS IMPROVEMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	

FISCAL YEAR 2025/2026
BUDGET	
Developer Contribution	1,680	
Interest Income	5	
		
TOTAL REVENUES	$	1,685	
		
EXPENDITURES		
Supervisor Fees	0	
Engineering/Inspections	0	
Management	1,000	
Legal	0	
Insurance	0	
Legal Advertisements	500	
Miscellaneous	50	
Postage	60	
Office Supplies	75	
Dues & Subscriptions	0	
		
TOTAL EXPENDITURES	$	1,685	
		
EXCESS/ (SHORTFALL)	$	-	

DETAILED FINAL BUDGET
COLD SPRINGS IMPROVEMENT 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	
Developer Contribution	840	1,680	1,680	Developer Contribution	
Interest Income	3	5	5		
					
TOTAL REVENUES	$	843	$	1,685	$	1,685		
					
EXPENDITURES					
Supervisor Fees	0	0	0		
Engineering/Inspections	0	0	0		
Management	1,000	1,000	1,000	No Change From 2024/2025 Budget	
Legal	0	0	0		
Insurance	0	0	0		
Legal Advertisements	353	500	500	No Change From 2024/2025 Budget	
Miscellaneous	14	50	50	No Change From 2024/2025 Budget	
Postage	1	60	60	No Change From 2024/2025 Budget	
Office Supplies	4	75	75	No Change From 2024/2025 Budget	
Dues & Subscriptions	0	0	0		
					
TOTAL EXPENDITURES	$	1,372	$	1,685	$	1,685		
					
EXCESS/ (SHORTFALL)	$	(529)	$	-	$	-		

RESOLUTION NO. 2025-02

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE COLD SPRINGS IMPROVEMENT 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 Cold Springs Improvement 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 COLD SPRINGS IMPROVEMENT DISTRICT, MARION 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 7th day of August, 2025.

ATTEST:	COLD SPRINGS
IMPROVEMENT DISTRICT

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

COLD SPRINGS IMPROVEMENT DISTRICT FISCAL YEAR 2025/2026 REGULAR MEETING SCHEDULE

NOTICE IS HEREBY GIVEN that the Board of Supervisors of the Cold Springs Improvement District will hold Regular Meetings at 10:00 a.m. in the offices of Gray, Ackerman & Haines,
P.A. located at 211 NW 3rd Street, Ocala, Florida 33475, on the following dates:

October 1, 2025
November 6, 2025
December 4, 2025
February 5, 2026
March 1, 2026
April 2, 2026
May 7, 2026
June 4, 2026
July 2, 2026
August 6, 2026
September 3, 2026

The purpose of the regular 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 Agenda for any of the meetings may be obtained from the District’s website or by contacting the District Manager at 561-630-4922 and/or toll free at 1-877-737- 4922 five (5) days prior to the date of the particular meeting.
From time to time one or more Supervisors may participate by telephone; therefore, a speaker telephone will be present at the meeting location so that the 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 the Landowners’ Meeting or the Regular Meetings, such person will need a record of the proceedings and such person may need to ensure 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 561-630-4922 and/or toll free 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.

COLD SPRINGS IMPROVEMENT DISTRICT

www.coldspringsid.org

PUBLISH: OCALA STAR-BANNER	00/00/2025

RESOLUTION NO. 2025-03

A RESOLUTION OF THE COLD SPRINGS IMPROVEMENT DISTRICT ADOPTING A REVISED FISCAL YEAR 2024/2025 BUDGET: AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the Board of Supervisors of the Cold Springs Improvement District (hereinafter called District) is empowered to impose special assessments upon the properties within the District; and,

WHEREAS, the District has prepared a revised fiscal year 2024/2025 budget.

NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE COLD SPRINGS IMPROVEMENT DISTRICT THAT:

Section 1.  The Revised Budget for Fiscal Year 2024/2025 attached hereto as Exhibit “A” is hereby approved and adopted.

Section 2.  The Secretary/Assistant 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 7th day of August, 2025.

ATTEST:	COLD SPRINGS
IMPROVEMENT DISTRICT

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

Cold Springs Improvement District

Amended Final Budget For Fiscal Year 2024/2025
October 1, 2024 - September 30, 2025

AMENDED FINAL BUDGET
COLD SPRINGS IMPROVEMENT DISTRICT FISCAL YEAR 2024/2025
OCTOBER 1, 2024 - SEPTEMBER 30, 2025

REVENUES	FISCAL YEAR 2024/2025 BUDGET 10/1/24 - 9/30/25	AMENDED FINAL BUDGET
10/1/24 - 9/30/25	YEAR TO DATE ACTUAL
10/1/24 - 7/31/25	
Developer Contribution	1,680	1,680	1,680	
Interest Income	5	0	0	
				
Total Revenues	$	1,685	$	1,680	$	1,680	
				
EXPENDITURES				
Supervisor Fees	0	0	0	
Engineering/Inspections	0	0	0	
Management	1,000	1,000	0	
Legal	0	0	0	
Insurance	0	0	0	
Legal Advertisements	500	500	0	
Miscellaneous	50	45	0	
Postage	60	35	0	
Office Supplies	75	50	0	
Dues & Subscriptions	0	0	0	
				
Total Expenditures	$	1,685	$	1,630	$	-	
				
Net Excess/ (Shortfall)	$	-	$	50	$	1,680	

Fund Balance As Of 9/30/2024	
Projected FY 2024/2025 Activity	
Projected Fund Balance As Of 9/30/2025	

$85	
$50	
$135