-   ·-·	'l

Date: To:

Memorandum	U!$Ul9

Agenda Item No.	S(J)

, JUL O 7 2005
Honorable Chairperson Joe A. Martinez

and Members, Board of County Commissioners

From:

Subject:

i;e"6®.
Ordinance Creating the Keys Covell
Community Development District

OfflGIAL fllE CUP
CLERK OF THE BOAR[)
CF COUNlY COMMISSIONER
OADE COUNlY. FLORIDA

{()§ • 13 3

RECOMMENDATION

It is recommended that the Board adopt the attached Ordinance creating the Keys Cove II Community Development District (CDD) in the City of Homestead, pursuant to the authority granted by the Miami-Dade County Home Rule Charter for the purposes set forth in Chapter 190 of the Florida Statutes, subject to acceptance of the declaration of restrictive covenants running with the lands within the jurisdiction of the CDD. The City of Homestead has approved the creation of the Keys Cove II CDD by Resolution No. 2005-03-53.

BACKGROUND

Shoma Homes at Keys Cove Phase II, Inc., owner of the Keys Cove development,  has filed  an application to create the Keys Cove II CDD in connection with said development. Keys Cove II is a proposed 84 acre residential courtyard condominium and villa development lying wholly within the City of Homestead, in an area bounded by South Canal Drive on the north, Town Center Boulevard on the south, the east line of the plat of Shores  at  Keys  Gate recorded in Plat Book 161 at Page 37 on the west and a line 1,000 feet west of SW  152 Avenue on the east. The CDD is designed to provide a financing mechanism for community infrastructure, facilities, and services, along with certain ongoing operations and maintenance for the Keys Cove II development. The development plan for the lands within the proposed CDD include construction of 517 courtyard condominiums and 406 villas, with associated roadway, earthwork, storm drainage and water and sewer facilities estimated to cost approximately $12.928 million. A detailed summary of CDD elements, as well as their cost and anticipated lack of fiscal impacts to government agencies, is presented in the attached application submitted by Shoma Homes at Keys Cove Phase II, Inc. In accordance  with Florida Statute 190, Shoma Homes at Keys Cove Phase II, Inc., has paid a filing fee of
$15,000 to the County.

CDDUCEYS COVE II CDDORDINANCE MEMO-GMS V.Z.1/200$

05

1 3·3
, Honora)>le Chairperson Joe A. Martinez
'and Members, Board of County Commissioners Page2

·, '

A declaration of restrictive covenants has been submitted consistent with the requirements of Resolution R-413-05 adopted by the Board on April 5, 2005. The restrictive covenant provides for notice in the public records of the projected taices and assessments to be levied by the CDD, individual prior notice to the initial purchaser of a residential lot or unit within
. i\l.e development and provisions for remedial options to initial purchaseres whose contract for
\jale,did not include timely notice of the existence and extent of CDD liens and special assessments.

This Board is authorized by the Florida Constitution and the Miami-Dade County Home Rule Charter to establish governmental units such as the CDD within Miami-Dade County and to prescribe such government's jurisdiction and powers.

This development includes private roads that are to be maintained by Homeowner Associations or the CDD. With the City's approval, a special taicing district may be created to maintain this development's infrastructure such as private roadways, private area storm drainage and landscape should the CDD be dissolved or fail to fulfill its maintenance obligations. The special taicing district will remain dormant until such time as the City of Homestead requests Miami-Dade County to activate it.

FISCAL IMPACT

The creation of the Keys Cove II Community Development District will have no fiscal impact on Miami-Dade County.

Deput

.C,D.D,,\K.E.,YS COVED CDDORDJNANCl! MEMO-GMB

l06 • 1 3 3
MEMORANDUM
 	{Revised)	

TO:	Honorable Chairman Joe A. Martinez	DATE: and Members, Board of County Commissioners
/#.e::rA 7

July 7, 2005

FROM:	Robert A. Ginsburg
County Attorney

SUBJECT: Agenda Item No.	5(J)

Please note any items checked.

"4-Day Rule"{"3-Day Rule" for committees) applicable if raised

 		6 weeks required between first reading and public hearing

 		4 weeks notification to municipal officials required prior to public hearing
 		Decreases revenues or increases expenditures without balancing budget

 		Budget required

 		Statement of fiscal impact required

 		- Bid waiver requiring County Manager's written recommendation

 		Ordinance creating a new board requires detailed County Manager's report for public hearing	·

 		Housekeeping item (no policy decision required)

 		No committee review

3	--

,	.Approved ---------- M=ay o=r Veto	 	
Override	 	

Agenda Item No.	5(j) ·	'
07-07-05

ORDINANCE NO.	05-133

ORDINANCE GRANTING PETITION OF SHOMA HOMES AT KEYS COVE PHASE II, INC., ("SHKCII, INC." OR "PETITIONER") FOR ESTABLISHMENT OF . A COMMUNITY DEVELOPMENT DISTRICT; CREATING AND ESTABLISHING KEYS COVE II COMMUNITY DEVELOPMENT DISTRICT ("DISTRICT'); PROVIDING FOR NAME, POWERS AND DUTIES; PROVIDING DESCRIPTION AND BOUNDARIES; PROVIDING INITIAL MEMBERS OF BOARD OF SUPERVISORS; ACCEPTING PROFFERED DECLARATION OF RESTRICTIVE COVENANTS; PROVIDING SEVERABILITY, EXCLUSION FROM THE CODE AND AN EFFECTIVE DATE

WHEREAS, the Florida Legislature created and amended Chapter 190, Florida Statutes, to provide an alternative method to finance and manage basic services for community development; and
WHEREAS, Section l.0l(A)(21) of the Miami-Dade County Home Rule Charter grants the Miami-Dade County Board of County Commissioners the authority to exercise all powers and privileges granted to municipalities and counties by the laws of this State; and
WHEREAS, Article VIII, Section 6(1) of the Florida Constitution provides for exclusive County Charter authority to establish all governmental units within Miami-Dade County and to provide for their government and prescribe their jurisdiction and powers; and
WHEREAS, Shorna Homes at Keys Cove Phase II, Inc., ("SHKCII, INC." or "Petitioner') has petitioned for the establishment of the Keys Cove II Community Development District (the "District'); and

CD OIK.EYSCOVE IICOD ORDINANCE
41271100S

Agenda Item No.	S(J)
Page2
(OS· i 3 3
WHEREAS, a public hearing has been conducted by the Miami-Dade County Board of

County  Commissioners  in  accordance  with  the  requirements   and   procedures   of  Section 190.005(2)(b), Florida Statutes, and the applicable requirements and procedures of the Miami-Dade County Home Rule Charter and Code; and
WHEREAS, the District will constitute a timely, efficient, effective, responsive and economic way to deliver community development facilities and services in the area, thereby providing a solution to the County's planning, management and financing needs for delivery of capital infrastructure therein without overburdening the County and its taxpayers; and
WHEREAS, the Board of County Commissioners finds that the statements contained in the Petition are true and correct; and
WHEREAS, the creation of the District is not inconsistent with any applicable element or portion of the State comprel).ensive plan or the Miami-Dade County Comprehensive Development Master Plan; and
WHEREAS, the area of land within the District is of sufficient size, is sufficiently compact, and is sufficiently contiguous to be developable as one functional interrelated community; and
WHEREAS, the creation of the District is the best alternative available for delivering the community development facilities and services to the area that will be served by the District; and WHEREAS, the proposed facilities and services to be provided by the District will be compatible with the capacity and uses of existing local and regional community development
facilities and services; and

WHEREAS, the area that will be served by the District is amenable to separate special­ district government; and

C D DIKEYS C'OVE II CDDORDINANCE
'"'"""'

05·133

Agenda Item No.	5(J} Page3

(	""1	l

WHEREAS, the owner of the property that is to be developed and served by the community development facilities and services to be provided by the District has submitted an executed declaration of restrictive covenants pledging among other things to provide initial purchasers of individual residential units with notice of liens and assessments applicable to such units, with certain remedial rights vesting in the purchasers of such units if such notice is not provided in a timely and accurate manner; and
WHEREAS, having made the foregoing findings, after a public hearing, the Miami-Dade County Board of County Commissioners wishes to exercise the powers bestowed upon it by Section l.0l(A)(21) of the Miami-Dade County Home Rule Charter in the manner provided by Chapter 190, Florida Statutes; and
WHEREAS, because the proposed  District  is  located  wholly  within  the  municipal boundaries of the City of Homestead, the City is in a position to be well informed regarding the	) merits of this District; and
WHEREAS, The City of Homestead has consented to the creation of the District within the municipal boundaries subject to certain conditions that the petitioner shall have to satisfy; and the Board of County Commissioners desires to establish the District; and
WHEREAS, based on the written consent of the City of Homestead, the Miami-Dade County Board of County Commissioners finds that the District shall have those general and special powers authorized by Sections 190.011 and 190.012, Florida Statutes, and set forth herein, and that it is in the public interest of all of the citizens of Miami-Dade G:ounty that the District have such powers,
NOW, THEREFORE, BE IT ORDAINED BY THE BOARD OF COUNTY COMMISSIONERS OF MIAMI-DADE COUNTY, FLORIDA:

.C,D,,,oD\oK,£VSOOVE II COO ORDINANCE

Agenda Item No. Page4

S(J)
r05•133

Section 1.	The foregoing findings, which are expressly set forth herein, are hereby

adopted and made a part hereof.

Section 2.	The Petition to establish the Keys Cove II Community Development

District over the real property described in Exhibit A attached hereto, which was filed by Shoma Homes at Keys Cove Phase II, Inc., on February 4, 2004, and which Petition is on file at the Office of the Clerk of the Board, is hereby granted. A copy of the Petition is attached and incorporated herein as Exhibit B.
Section 3.	The external boundaries of the District shall be as depicted on the location map attached hereto and incorporated herein as Exhibit C.

Section 4.

Section 5.

The initial members of the Board of Supervisors shall be as follows:

Masoud Shojaee David Flinn Cristina DeZayas Marta Cruz
Orestes Lopez-Recio

The name of the District shall be the "Keys Cove II Community

Development District."

Section 6. The Keys Cove II Community Development District is created for the purposes set forth in Chapter 190, Florida Statutes, pursuant to the authority granted by Section l.0l(A)(21) of the Miami-Dade County Home Rule Charter.
Section 7.	Pursuant to Section 190.005(2)(d), Florida Statutes, the charter for the
•
Keys Cove II Community Development District shall be Sections 190.006 through 190.041, Florida Statutes.

.C,,D,,O,.IJ.{,EYSCOVE II CDDORDJNANCE

05·133

Agenda Item No.	5(J)	'•, Page5

Section 8.    The Miami-Dade County Board of County Commissioners  hereby grants to the Keys Cove II Community Development District all general powers authorized pursuant to Section 190.011, Florida Statutes, and hereby finds that it is in the public interest of all citizens of Miami-Dade County to grant such general powers.
Section 9.    The Miami-Dade  County Board of County Commissioners hereby grants to the Keys Cove II Community Development District the special powers authorized pursuant to Section 190.012(1), Florida Statutes and Sections 190.012(2)(a)(d) and (f), (except for powers regarding waste disposal), Florida Statutes and Section 190.012(3), Florida Statutes, and hereby finds that it is in the public interest of all citizens of Miami-Dade County to grant such special powers; provided that the District's exercise of power under Section 190.012(l)(b), Florida
Statutes, pertaining to water, waste water and reuse water services shall  be  pursuant  to  that Declaration  of  Restrictive  Covenants  submitted  to  the Board  of  County Commissioners  in	J connection with the petition.
Section 10. All bonds issued by the Keys Cove II Community Development District pursuant to the powers granted by this ordinance shall be validated pursuant to Chapter 75, Florida Statutes.
Section 11. No bond, debt or other obligation of the Keys Cove II Community Development District, nor any default thereon, shall constitute a debt or obligation of Miami-Dade County, except upon the express approval and agreement of the Miami-Dade Board of County Commissioners.
Section 12. Notwithstanding any power granted to the Keys Cove II Community Development District pursuant to this Ordinance, neither the District nor any real or personal property or revenue in the district shall, solely by reason of the District's creation and existence, be exempted from any requirement for the payment of any and all rates, fees, charges, permitting
CO !NCEVSCOVE II CDDORDIN'ANCE 4'2712005

Agenda Item No. 5(J)
Page6	[05 • 1 j
fees, impact fees, connection fees, or similar County rates, fees or  charges,  special  trucing districts special assessments which are required by law, ordinance or County rule or regulation to be imposed within or upon any local government within the County.
Section 13. Notwithstanding any power granted to the Keys Cove II Community Development D_istrict pursuant to this Ordinance, the District may exercise the power of eminent domain outside the District's existing boundaries only with the prior  specific  and  express approval of the Board of County Commissioners of Miami-Dade County.
Section 14. This Board hereby accepts that Declaration of Restrictive Covenants as proffered by the owners of the lands within the jurisdiction of the Keys Cove II Community Development District, in connection with the petition submitted by Shoma Homes at Keys Cove Phase II, Inc., and approved herein.
Section 15.	If any section, subsection, sentence, clause or provision of this ordinance is held invalid, the remainder of this ordinance shall not be affected by such invalidity.
Section 16. It is the intention of the Board of County Commissioners, and it is hereby ordained that the provisions of this ordinance shall be excluded from the Code of Miami-Dade County.
Section 17. This ordinance shall become effective ten (10) days after the date of enactment unless vetoed by the Mayor, and if vetoed, shall become effective only upon an override by this Board.
PASSED AND ADOPTED: 1JUL O 7 2005

Approved by County Attorney as to form and legal sufficiency:

Prepared by: Gerald Heffernan

CD D\kEYSrove II CODORDINANCE
712005

KEYS COVE II COMMUNITY DEVELOPMENT
DISTRICT

EXHIBIT "A" LEGAL DESCRIPTION
KEYS COVE II COMMUNITY DEVELOPMENT DISTRICT

A Parcel of Land being a portion of Tracts 2, 3, 4, 5, 7, 8, 9, 10, 11, 12, 13, 14 and 15,
Block 2, and a portion of Tracts I, 2, 3, 4, 5, 6 and 7, Block 3, all lying in Section 21, Township 57 South, Raoge 39 East, and a portion of Tracts 15 aod 16, Block I, and a portion of Tract 16, Block 4, all lying in Section 20, Township 57 South, Range 39 East as shown on that certain plat of "PLAT OF LANDS BELONGING TO THE MIAMI LAND AND DEVELOPMENT COMPANY", according to the Plat thereof, as recorded in Plat Book 5, Page 10 of the Public Records of Miami-Dade County, Florida, being more particularly described as follows:

COMMENCE at the Northwest corner of said Section 21; thence South 00 degrees 24 minutes 28 seconds East, along the West line of the Northwest 1/4 of said Section 21, for
765.94 feet to the Point of Beginning of the hereinafter described Parcel of iaod, thence North 89 degrees 02 minutes 59 seconds East along the South rright-of-way line of SOUTH CANAL DRNE, as described in Official Records Book 13507, Page 559 of the Public Records of Miami-Dade County, Florida, for 1592.30 feet; thence South 10 degrees 18 minutes 52 seconds East for 147.83 feet; thence South I6 degrees 56 minutes 29 seconds East for 181.64 feet; thence South  18 degrees 26 minutes 59 seconds East for
159.28 feet; thence South 19 degrees 59 minutes 55 seconds East for 117.91 feet; thence South 21 degrees 05 minutes 02 seconds East for 124.33 feet; thence South 25 degrees 00 minutes 30 seconds East for 1855.14 feet; thence South 00 degrees 31 minutes  16 seconds East for 14.50 feet; the eight (8) following courses being along the Northerly and Westerly boundary lines of Tract "D'' of "CENTER GATE NO. ONE",,according to the Plat thereof, as recorded in Plat Book 133, Page 7 of the Public Records of Miami-Dade County, Florida. 1) thence South 89 degrees 34 minutes 54 seconds West for 150.88 feet to a point of curvature of a circular curve to the right, concave to the Northeast; 2) thence Westerly and Northwesterly along the arc of said curve, having for its elements a radius of 954.50 feet, through a central angle of 20 degrees 06 minutes 11 seconds for an arc distance of 334.90 feet to a point of tangency; 3) thence North 70 degrees 18 minutes 55 seconds West for 309.16 feet to a point of curvature of a circular curve to the left, concave to the Southwest; 4) thence Northwesterly aod Westerly along the arc of said curve, having for its elements a radius of 1045.50 feet, through a central angle of 11 degrees 25 minutes 32 seconds for an arc distance of 208.49 feet to a point of tangency;
5) thence North 81 degrees 44 minutes 27 seconds West for 96.55 feet to a point of curvature of a circular curve to the right, concave to the Northeast 6) thence Westerly, Northwesterly and Northerly along the arc of said curve, having for its eMments a radius of 25.00 feet through a central aogle of 89 degrees 37 minutes 57 seconds for an arc distance of 39.11 feet to its intersection with a non-tangent line; 7) thence Nbrth 82 degrees 06 minutes 39 seconds West for 52.00 feet: 8) thence South 07 degrees 53 minutes 32 seconds West for 221.29 feet; thence South 87 degrees 02 minutes 17 seconds

West for 899.02 feet; thence South 59 degrees 44 minutes 39 seconds West for a distance of  35.86 feet; thence South  37 degrees  14  minutes 03  seconds West for  a  distance  of
561.03 feet; thence.South 17 degrees 56 minutes 42 seconds West for a distance of 61 .50 feet; thence South 00  degrees 51 minutes 52 seconds East for a distance  of  151.92  feet;

/0	Po1i1it•1 -Ed!.ibil}

•	•
thence South 14 degrees 10 minutes 34 seconds West for a distance of 72.81 feet to a point on the Northerly boundary line of the aforementioned Tract "D"; thence South 78 degrees 33. minutes 44 seconds West along the last described line for a distance of 163.87 feet; the (6) six following courses being along the Easterly Boundary line of "Shores at Keys Gate", according to the Plat thereof recorded in Plat Book 161, at Page 37 of the Public Records of Miami-Dade County, Florida; 1) thence North 00 degrees 25 minutes 21 seconds West for a distance of 349.37 feet; 2) thence North 37  degrees 14 minutes 03
seconds East for a distance of 676.21 feet; 3) thence North 01 degrees 12 minutes 39
seconds West for a distance of 797.36 feet; 4) thence North 33 degrees 06 minutes 25
seconds  West for  a  distance  of  775.80 feet; 5) thence North  38 degrees 30  minutes 06
seconds West for 431.44 feet; 6) thence North 17 degrees 43 minutes 46 seconds  West for 494.94 feet to a point on the Southerly right-of-way line of said SOUTH CANAL DRIVE; thence North 89 degrees 02 minutes 59 seconds East, along said Southerly right­ of-way line for 496.47 feet to the Point of Beginning.

All of the above described land situated, being and lying in the City of Homestead, Miami-Dade County, Florida.

I I	Pc1i1ioa -Exhibit J

•
EXHIBIT "B"
-  r,_,..,,_,_....,..,_,,/_,.l,_/,_.,.,_,_,_,.87.DY.WH-.D7..<WD'".<ff..<•."!>'-7.•"-">:<l'?.'>.!>"..""'7..U/.-4'i',-,.-,H,_/4?,-..SV_,AY...,..-AOY...,,,_,_.,   ._	,./_,..,._.,_,_,_._.._,_...-,_,_..,.-,_,_  _,_7
II	PETITION	I
I I	SHOMA  HOMES AT KEYS  COVE  PHASE II, INC.	f i

FOR THE PASSING OF	I
I
AN ORDINANCE	I

I

I	TO ESTABLISH THE	;I
I	KEYS COVE II
I	COMMUNITY   DEVELOPMENT  DISTRICT	lJ.

I	IN THE	I

CITY OF HOMESTEAD MIAMI-DADE COUNTY, FLORIDA
I
I	I
·I

y

 	I

Iv

•	•
PETITION FOR ORDINANCE

FOR

KEYS COVEii
COMMUNITY DEVELOPMENT DISTRICT

FEBRUARY 4, 2005

Prepared by
Special District Services, Inc.
11000 Prosperity Farms Road, Suite 104 Palm Beach Gardens, Florida 33410

561.630.4922	Telephone 877.SDS.4922 Toll Free 561.630.4923	Facsimile

r3

•	•	...

INRE:	AN ORDINANCE TO ESTABLISH	)
THE  KEYS COVE II	)
COMMUNITY DEVELOPMENT DISTRICT	)

PETITION

Petitioner, Shoma Homes at Keys Cove Phase II, Inc, ("Petitioner"), hereby petitions Miami-Dade County, Florida to establish a Community Development District ("District") with respect to the land described herein and in support of the Petition, Petitioner states:

I. The proposed District is located entirely within the incorporated City of Homestead, Florida. Exhibit 1 depicts the general location of the project. The proposed District covers approximately 84 acres of land. The metes and bounds description of the external boundaries of the District is set forth in Exhibit 2. There is no real property within the external boundaries of the proposed District which is to be excluded from the District.

Attached to this Petition as Exhibit 3 and made a part hereof is the  written consent to the establishment of the District by the owner of 100% of the real property to be included in the District.

The five persons designated to serve as initial members of the Board of Supervisors of the proposed District are as follows:

Masoud Shojaee	7111 Lago Drive East	Coral Gables, FL 33143	
David Flinn	1717 N. BayshoreDrive, #1231	Miami, FL 33132	
Cristina DeZayas	8445 S.W. 40 Terrace	Miami, FL 33155	
Marta Cruz	13615 S.W. 19th Street	Miami, FL 33186	
Orestes Lopez-Recio	5895 S.W. 32nd Street	Miami, FL 33155	

)

'
The proposed name of the District to be established is Keys Cove II Community
Development District ("the District").

There are no existing major trunk water mains, sewer interceptors or outfalls currently existing on the site.

1

The proposed timetable for the construction of District 'Strvices is shown on Exhibit 4A and the estimated cost of constructing the services, based on available data, is shown on Exhibit 4B. These are good faith estimates but are not binding on the Petitioner 'or the District and are subject to change.

Petitioner is in the process of developing the project as a residential community. The proposed uses for the land within the District consist of 517 Courtyard condominiums and 406 villas totaling 923 residential units. The proposed uses for the land included within the proposed District are in compliance with Miami-Dade County Future Land Use Element and the City of Homestead's land use plan. The County. Master Plan and Future Land Use Element designate the land contained within the proposed District for low density residential. The future
r{	f'e1i1ion

•	•

general distribution, location and extent of public and private uses of land proposed for the area within the District are shown on Exhibit 5.

Exhibit 6 is a Statement of Estimated Regulatory Costs prepared  in  accordance with the requirements of Section 120.541, Florida Statutes.

Exhibit 7 is a map representing the District boundaries.

IO. The District is seeking and hereby requests the right to  exercise  all  powers provided for in Section 190.06 through 190.041, Florida Statutes, including the special powers provided by Section 190.012(1), Florida Statutes and Sections 190.012(2)(a), and (d) and Section 190.012(3), Florida Statutes.

The Petitioner is Shoma Homes At Keys Cove, Inc., a Florida Corporation, whose address is 5835 Blue Lagoon Drive, 4th Floor Miami, FL 33126.

A form of Declaration of Restrictive Covenant to be executed by the Petitioner as Owner of 100% of the real property to be included in the District and recorded in the public records of Miami-Dade County, Florida is attached.and made a part of this Petition.

A proposed resolution to be adopted by the City of Homestead, Florida is attached as a part of this Petition. It is understood that the City of Homestead must adopt this resolution prior to the Petition being placed on the Miami-Dade Commission agenda.

The property within the proposed District is amenable to operating as an independent special district for the following reasons:

Establishment of the District and all land uses and services planned within the proposed District are not inconsistent with applicable elements or portions of the effective Miami-Dade County and City of Homestead Comprehensive Development Master Plan.

The area of land within the proposed District is part of a unified plan of development for which a development plan has been or will be approved by Miami-Dade County or the City of Homestead or both. The land encompassing the proposed District is of sufficient size and is sufficiently compact and contiguous to be developed as one functional interrelated community.
The community development services of the Distrj.gt will be compatible with the capacity and use of existing local and regional community development services and facilities.
The proposed District will be the best alternative available for delivering community development services to the area to be served because the District provides a governmental entity for delivering those services and facilities in a manner that does not financially impact persons residing outside the District and provides a responsible perpetual entity capable of making reasonable provisions for the operation and maintenance of the District services and facilities in the future.

Pcti!<<>n

•	•	•/- '
WHEREFORE, Petitioner respectfully requests the Miami-Dade County Commission to:

1.	Hold a public hearing as required by Section 190.005(2) (b), Florida Statutes to consider the establishment of the Keys Cove- II Community Development District and;

2)	Adopt an ordinance pursuant to Chapter 190, Florida Statutes, granting this Petition and establishing the Keys Cove- II Community Development District.

Respectfully submitted this 	l_ day of	Feb.	2005.

SE	II, INC.

------

By:	Masoud Shoj ee	resident

'

5835 Blue L  g	i:t Drive, 4th Floor Miami, Fl 331
'

I	?c1i1ion

•	•
EXHIBIT I
GENERAL LOCATION OF THE PROJECT
KEYS COVE- II COMMUNITY DEVELOPMENT DISTRICT

MOWRY DRIVE

-- =---

Ir

Pc1i11,.., - lhhibil I

•	•	'	.
EXHIBIT2 LEGAL DESCRIPTION
KEYS COVE II COMMUNITY DEVELOPMENT DISTRICT

A Parcel of Land being a portion of Tracts 2, 3, 4, 5, 7, 8, 9, 10, 11, 12, 13, 14 and 15,
Block 2, a!ld a portion of Tracts I, 2, 3, 4, 5, 6 and 7, Block 3, all lying in Section 21, T.ownship 57 South, Range 39 East, and a portion of Tracts 15 and 16, Block I, and a portion of Tract 16, Block 4, all lying in Section 20, Township 57 South, Range 39 East as shown on that certain plat of "PLAT OF LANDS BELONGING TO THE MIAMI LAND AND DEVELOPMENT COMPANY", according to the Plat thereof, as recorded in Plat Book 5, Page IO of the Public Records of Miami-Dade County, Florida, being more particularly described as follows:

COMMENCE at the Northwest comer of said Section 21; thence South 00 degrees 24 minutes 28 seconds East, along the West line of the Northwest 1/4 of  said Section 21, for
765.94 feet to the Point of Beginning of the hereinafter described Parcel of land, thence North 89 degrees 02 minutes 59 seconds East along the South right-of-way line of SOUTH CANAL DRIVE, as described in Official Records Book 13507, Page 559 of the Public Records of Miami-Dade County, Florida, for 1592.30 feet; thence South 10 degrees 18 minutes 52 seconds East for 147.83 feet; thence South I6 degrees 56 minutes 29 seconds East for  I81.64 feet; thence South  18 degrees 26 minutes 59.seconds East for
159.28 feet; thence South 19 degrees 59 minutes 55 seconds East for 117.91feet; thence South 21 degrees 05 minutes 02 seconds East for 124.33 feet; thence South 25 degrees 00 minutes 30 seconds East for I855.l4 feet; thence South 00 degrees 31  minutes  16 seconds East for 14.50 feet; the eight (8) following courses being along the Northerly and Westerly boundary lines of Tract "D" of "CENTER GATE NO. ONE", according to the Plat thereof, as recorded in Plat Book 133, Page 7 of the Public Records of Miami-Dade County, Florida. I) tl,ience South 89 degrees 34 minutes 54 seconds West for 150.88 feet to a point of curvature of a circular curve to the right, concave to the Northeast; 2) thence Westerly and Northwesterly along the arc of said curve, having  for its elements a radius of 954.50 feet, through a central angle of 20 degrees 06 minutes 11 seconds for an arc distance of 334.90 feet to a point of tangency; 3) thence North 70 degrees 18 minutes 55 seconds West for 309.16 feet to a point of curvature of a circular curve to the  left, concave to the Southwest; 4) thence Northwesterly and Westerly along the arc of said curve, having for its elements a radius of 1045.50 feet, through a central angle of 11 degrees 25 minutes 32 seconds for an arc distance of 208.49 feet to a point of tangency;
5) thence North 81 degrees 44 minutes 27 seconds West for 96.55 feet to a point of curvature of a circular curve to the right, concave to the Northeast 6) tpJ:!nce Westerly, Northwesterly and Northerly along the arc of said curve, having for its elements a radius of 25.00 feet through a central angle of 89 degrees 37 minutes 57 seconds for,an arc distance of 39.11 feet to its intersection with a non-tangent line; 7) thence North 82 degrees 06 minutes 39 seconds West for 52.00 feet: 8) thence South 07 degrees 53 minutes 32 seconds West for 221.29 feet; thence South 87 degrees 02 minutes 17 seconds

West for 899.02 feet; thence South 59 degrees 44 minutes 39 seconds West for a distance of 35.86 feet; thence South 37 degrees 14 minutes 03 seconds West for a distance of
561.03 feet; thence South 17 degrees 56 minutes 42 seconds West for a distance of 61.50

IV	Pcti<iun - E>Jilbi1 !

•	•
feet; thence South 00 degrees 51 minutes 52 seconds East for a distance of 151.92 feet; thence South 14 degrees 10 minutes 34 seconds West for a distance of 72.81 feet to a point on the Northerly boundary line of the aforementioned Tract "D"; thence South 78 degrees 33 minutes 44 seconds West along the last described line for a distance of 163.87 feet; the (6) six following courses being along the Easterly Boundary line of "Shores at Keys Gate", according to the Plat thereof recorded in Plat Book 161, at Page 37 of the Public Records of Miami-Dade County, Florida; 1) thence North 00 degrees 25 minutes 21 seconds West for a distance of 349.37 feet; 2) thence North 37 degrees 14 minutes 03
seconds East for a distance  of 676.21  feet; 3)  thence  North  01  degrees  12. minutes 39
seconds West for a distance  of 797.36 feet; 4)  thence  North  33 degrees  06  minutes 25
seconds West for a distance of 775.80 feet; 5) thence North 38 degrees 30 minutes 06
seconds West for 431.44 feet; 6) thence North 17 degrees 43 minutes 46 seconds West for 494.94 feet to a point on the Southerly right-of-way line of said SOUTH CANAL DRIVE; thence North 89 degrees 02 minutes 59 seconds East, along said Southerly right­ of-way line for 496.47 feet to the Point of Beginning.

All of the above described land situated, being and Iying in the City of Homestead, Miami-Dade County, Flor1da.

feet; thence South 00 degrees 51 minutes 52 seconds East for a distance of 151.92 feet; thence South 14 degrees 10 minutes 34 seconds West for a distance of  72.81  feet  to a point on the Northerly boundary line of the aforementioned Tract "D"; thence South 78 degrees 33 minutes 44 seconds West along the last described line for a distance of 163.87 feet; the (6) six following courses being along the Easterly Boundary line of "Shores at Keys Gate", according to the Plat thereof recorded in Plat Book 161, at Page 37 of the Public Records of Miami-Dade County, Florida; I) thence  North 00  degrees  25 minutes 21 seconds West for a distance of 349.37 feet; 2) thence North 37 degrees 14 minutes 03
seconds  East  for a distance  of  676.21  feet; 3)  thence North  01 degrees  12  minutes  39
seconds  West for  a  distance  of 797.36 feet; 4)  thence  North 33 degrees 06  minutes   25
seconds  West for  a distance  of  775.80 feet; 5)  thence  North  38 degrees  30  minutes 06
seconds West for 431.44 feet; 6) thence North 17 degrees 43  minutes  46 seconds  West for 494.94 feet to a point on the Southerly right-of-way line of said SOUTH CANAL DRIVE; thence North 89 degrees 02 minutes 59 seconds East, along said Southerly right­ of-way line for 496.47 feet to the Point of Beginning.

All of the above described land situated, being and lying in the City of Homestead, Miami-Dade County, Florida.

,!I-'

Pe<iliuR - fxhihi! !

EXHIBIT 2 LEGAL DESCRIPTION
KEYS COVE II COMMUNITY DEVELOPMENT DISTRICT

. A Parcel of Land being a portion of Tracts 2, 3, 4, 5, 7, 8, 9, 10, 11, 12, 13, 14 and 15,
Block 2, and a portion of Tracts 1, 2, 3, 4, 5, 6 and 7, Block 3, all lying in Section 21, Township 57 South, Range 39 East, and a portion of Tracts 15 and 16, Block 1, and a portion of Tract 16, Block 4, all lying in Section  20, Township 57 South, Range  39 East as shown on that certain plat of "PLAT OF LANDS BELONGING TO THE MIAMI LAND AND DEVELOPMENT COMPANY", according to the Plat  thereof, as  recorded in Plat Book 5, Page IO of the Public Records of Miami-Dade County,  Florida,  being more particularly described as follows:

COMMENCE at the Northwest corner of said Section 21; thence South 00 degrees 24 minutes 28 seconds East, along the West line of the Northwest 1/4 of  said Section 21,  for
765.94 feet to the Point of Beginning of the hereinafter described Parcel of land, thence North 89 degrees 02 minutes 59 seconds East along the South right-of-way line  of SOUTH CANAL DRNE, as described in Official Records Book 13507, Page 559 of the Public Records of Miami0 Dade County, Florida, for 1592.30 feet; thence  South  IO degrees 18 minutes 52 seconds East for 147.83 feet; thence South 16 degrees 56 minutes 29 seconds East for  181.64 feet; thence South  18 degrees  26 minutes 59 seconds East for
159.28 feet; thence South 19 degrees 59 minutes 55 seconds East for 117.91 feet; thence South 21 degrees 05 minutes 02 seconds East for 124.33 feet; thence South 25 degrees 00 minutes 30 seconds East for 1855.14 feet; thence South 00 degrees  31  minutes  16 seconds East for 14.50 feet; the eight (8) following courses being along the Northerly and Westerly boundary lines of Tract "D" of "CENTER GATE NO. ONE", according to the Plat thereof, as recorded in Plat Book 133, Page 7 of the Public Records of Miami-Dade County, Florida.  I)  thence South 89 degrees 34 minutes 54 seconds West for  150.88 feet to a point of curvature of a circular curve to the right, concave to the Northeast; 2) thence Westerly and Northwesterly along  the arc  of said curve, having for its elements a  radius of 954.50 feet, through a central angle of 20 degrees 06 minutes 11 seconds for an arc distance of 334.90 feet to a point of tangency; 3) thence North 70 degrees 18 minutes 55 seconds West for 309.16 feet to a point of curvature of a circular c"urve to the  left, concave to the Southwest; 4) thence Northwesterly and Westerly along the arc of said curve, having for its elements a radius of 1045.50 feet, through a central angle of 11 degrees 25 minutes 32 seconds for an arc distance of 208.49 feet to a point of tangency;
5) thence North 8 l degrees 44 minutes 27 seconds West for 96.55 feet to a point of curvature of a circular curve to the right, concave to the Northeast 6) then,;e Westerly, Northwesterly and Northerly along the arc of said curve, having for its elements a  radius of 25.00 feet through a central angle of 89 degrees 37 minutes 57 seconds for an, arc distance of 39.11 feet to its intersection with a non-tangent line; 7) thence North 82 degrees 06 minutes 39 seconds West for 52.00 feet: 8) thence South 07 degrees  53 minutes 32 seconds West for 221.29 feet; thence South 87 degrees 02 minutes 17 seconds

West for 899.02 feet; thence South 59 degrees 44 minutes 39 seconds West for a distance of  35.86 feet;  thence  South  37 degrees  14  minutes  03 seconds  West  for a  distance of
feet; thence South 17 degrees 56 minutes 42 seconds West for a distance of 61.50

P 1i1inn - E.,J11 ,t?

•
EXHIBIT 3
AFFIDAVIT OF OWNERSHIP AND CONSENT TO THE CREATION OF THE
KEYS COVE- II COMMUNITY DEVELOPMENT DISTRICT

STATE OF FLORIDA	) COUNTY OF MIAMI-DADE	)

On this 3rd day of Feb• 2005, personally appeared before  me,  an  officer  duly authorized to administer oaths and take acknowledgments, Masoud Shojaee, who, after being duly sworn, deposes and says:
Affiant, Masoud Shojaee, an individual, is the President of Shoma Homes At Keys Cove-Phase II, Inc.(the Land Owner) :

The Land Owner is the sole owner of the following described property, to wit: See Exhibit "A" attached hereto (the "Property")
Affiant Masoud Shojaee, hereby represents that he has full authority to execute all documents and instruments on behalf of the Land Owner including the Petition before Miami-Dade County, Florida, to enact an ordinance to establish the Keys Cove- II Community Development District (the "Proposed CDD").

The Property represents all of the real property to be included in the Proposed CDD.

The Land Owner hereby consents to the establishment of the Pro2	C

FURTHER, AFFIANT SAYETH NOT.

Masoud Shoj e , President
Shoma Homes	t Keys Cove-Phase II, Inc.

Subscribed	and	sworn	to	before	me	this  :1"h(	day	of  ,C.-d,,,.,.'¥/	2005,	by
/2WM,.,,/ <>g,whn p=,ally	is p=n yknnwn
Notary:	 	
Print Name:	P   p/	
Notary Public, State of Florida·

,,,,.,,,,,,

J. PONCE

i• •	•·iM/Ca111Ssf011Eq:iBSDec17,2([8

$ m ."atlY-6'\ Notary Public - State of fk,rtda

"-&	W CommlSslon # DD 347592

.,,,,,%t, ,,,... Bonded By Nalk>nal Notary Assn.

Po1l1ion-EWibi1-;

•

EXHIBIT4A
ESTIMATED INFRASTRUCTURE CONSTRUCTION TIME TABLE KEYS COVE II COMMUNITY DEVELOPMENT DISTRICT

IMPROVEMENT	START DATE	COMPLETE DATE

EARTHWORK	12/1/04	4/15/05

WASTEWATER SYSTEM	3/1/05	7/31/05

WATER SUPPLY SYSTEM	3/1/05	6/30/05

SURFACE WATER MANAGEMENT	1/1/05	5/31/05

LANDSCAPING	9/1/05	9/30/05

   ENTRANCE FEATURES	6/1/05		 	7/31/05	

v3

•
EXHIBIT4B CONSTRUCTION COST ESTIMATE
KEYS COVE II COMMUNITY DEVELOPMENT DISTRICT

WASTE WATER SYSTEM

WATER SUPPLY SYSTEM

SURFACE WATER MANAGEMENT

LANDSCAPING ENTRANCE FEATURES

I $	754,ooo I
I $ 1.as2.ooo I

$10,086,200
$	464,ooo I
$	2a2.ooo I

TOTAL CONSTRUCTION COSTS	$12,928,200

)

f'c1itiun - E<hibi! 48

•	•
EXHIBIT 5
PUBLIC AND PRIVATE USE MAP MIAMI-DADE KEYS COVE- II COMMUNITY DEVELOPMENT DISTRICT

ADOPTED 2005 AND 2015	· LAND USE PLAN *
FOR MIAMI-DADE COUNTY, FLORIDA

RESIDENTIAL COMMUNITIES
L.'.:"."< .-·.-;/ ESTATE DENSrTY	1 TO 2.5   DWELLING UNITS·PE  GROSS ACRE
(	··· I LoW E!-clSITY	2.Ho s DWELLING uN11s PER GROSS ACRE
ti @ i LO -MEDIUM DENSITY      5 TO 13    DWELLING UNITS PER GROSS-ACRE
 	     MEQIUM DENSITY	13 TO 25  DWELLING lJNllS PER GROSS ACRE
t@itMtiifflt MEWUM-HIGH OENSl'n' 25 TO 60 DVVELUNG UNITS PER GROSS ACRE
'·. ,	·11 HIGH OENSffY	50 TO 125  DWELLING UNITS PER GROSS ACRE

 	"3 {D1. t)    ·  One  Density Increase With Urban Doslgn	5
t?	.(0I-2}      TWo Density Increase With Urban Design	'2,..

PctlLion - Exhibit

.,
EXHIBIT SA
PUBLIC AND PRIVATE USES MAP HOMESTEAD KEYS COVE - II COMMUNITY DEVELOPMENT DISTRICT

E.:chibll SA

•	•
EXHIBIT6

KEYS  COVEii COMMUNITY DEVELOPMENT DISTRICT

STATEMENT OF ESTIMATED REGULATORY COSTS

FEBRUARY 4, 2005

Prepared by
Special District Services, Inc.
11000 Prosperity Farms Road, Suite 104 Palm Beach Gardens, Florida 33410

561.630.4922	Telephone 877.SDS.4922	Toll Free 561.630.4923	Facsimile

Petition-Exhibit 6

•	'•	.
STATEMENT OF ESTIMATED REGULATORY COSTS

Introduction

Purpose and Scope

This Statement of Estimated Regulatory Costs ("SpRC")· supports the pet1t10n to establish the Keys Cove II Community Development District ("District"). The District comprises-approximately 84 acres of land located within the incorporated area of the City of Homestead, Miami-Dade County, Florida. The limitations on the scope of this SERC are explicitly set out in Section 190.002(2) (d), F.S. (governing District establishment) as follows:

"That the process of establishing such a district pursuant to uniform general law shall be fair and based only on factors material to managing and financing the service delivery function of the district, so that any matter concerning permitting or planning of the development is not material or relevant (emphasis added)."

Overview of Keys Cove II Community Development District

The District is designed to provide district infrastructure, services, and facilities along with their operation ,-and maintenance to a master planned residential development containing 517 Courtyard Condominiums and 406 Villas within the boundaries of the District.

Requirements for Statement of Estimated Regulatory Costs

Section 120.541(2), F.S. (1997), defines the elements a statement of estimated regulatory costs must contain:

A good faith estimate of the number of individuals and entities likely to be required to comply with the rule, together with a general description of thetypes of individuals likely to be affected by the rule.

A good faith estimate of the cost to the agency, and to any other state and local government entities, of implementing and enforcing the proposed rule, and any anticipated effect on state and local revenues.	.,,

A good faith estimate of the transactional costs likely to be incurred by individuals and entities, including local governmental entities, required to comply with the requirements of the ordinance. As used in this paragraph, "transactional costs" are direct costs that are readily ascertainable based upon standard business practices, and include filing fees, the cost of obtaining a license, the cost of equipment required to be installed or used or procedures required to be employed in complying with the rule, additional operating costs incurred, and the cost of monitoring and reporting.

Petition-Exhibit 6

•	•

An analysis of the impact on small businesses as defined by Section 288.703, F.S., and an analysis of the impact on small counties and small cities as defined by Section 120.52, F.S. Miami-Dade County is not defined as a small County for purposes of this requirement.

Any additional information that the agency determines may be useful.

In the. statement or revised statement, whichever applies, a description of any good faith written proposal submitted under paragraph (1) (a) and either a statement adopting the alternative or a statement of the reasons for rejecting the alternative in favor of the proposed ordinance.

"Note: the references to "rule" in the statutory requirements for the Statement of Estimated Regulatory Costs also apply to an "ordinance" under section 190.005(2) (a), Aorida Statutes."

2.0     A good faith estimate of the number of individuals  and entities likely to be required to comply with the ordinance, together with a general description of the types of individuals likely to be affected by the ordinance.

The Keys Cove II Community Development District serves land that comprises an 84 acre residential development of 517 Courtyard condominiums and 406 villas totaling 923 units. The estimated population of the residential portion of the District is 2,308. It is anticipated that the majority of the property owners in the District will be individuals and families.

A good faith estimate of the cost to the agency, and to any other state and local government entities, of implementing and enforcing the proposed rule, and any anticipated affect on state or local revenues.

There is no state agency promulgating any rule relating to this project that is anticipated to affect state or local revenues.

Costs to Governmental Agencies of Implementing and Enforcing Ordinance

Because the result of adopting the ordinance is establishment of a local special purpose government, there will be rio enforcement responsibilities of any other government entity,'
but there will be various implementing responsibilities which ari:' identified with their costs herein.

State Governmental Entities

There will be only modest costs to various State governmental entities to implement and enforce the proposed establishment of the District. The District as established on the proposed land, will encompass under 1,000 acres, therefore, Miami-Dade County is the establishing  entity  under  the  Miami-Dade  County  Charter  and  190.005(2),  F.S. The

Petition-Exhibit 6

f	..
modest costs to various State entities to implement and enforce the proposed ordinance relate strictly to the receipt and processing of various reports that the District is required to file with the State and its various entities. Appendix A lists the reporting requirements. The costs to those State agencies that will receive and process the District's reports are very small, because the District is only one of many governmental units that are required to submit the various reports. Therefore, the marginal cost of processing one  additional set of reports is inconsequential. Additionally, pursuant to section 189.412, F.S., the District must pay an annual fee to the State of Florida Department of Community Affairs which offsets such costs.

The City of Homestead and Miami-Dade County

It is assumed there is an agreement between the City of Homestead and Miami-Dade County that requires the City of Homestead to review the Petition and pass a Resolution (see attached exhibit C to the Declaration of Restrictive Covenants attached to the Petition ) approving the Petition to Miami Dade County. Miami Dade County will then process the Petition and issue an Ordinance when approved by the Commission.

There will be only modest costs to the City and County for a number of reasons. First, review of the petition to establish the District does not include analysis of the project itself. Second, the petition itself provides much of the information needed for a staff review. Third, the County already possesses the staff needed to conduct the review without the need for new staff. Fourth, there is no capital required to review the petition. Finally, the County routinely process similar petitions though for entirely different subjects, for land uses and zoning changes that are far more complex than is the petition to establish a community development district.

The annual costs to Miami-Dade County, because of the establishment of the District, are also very small. The District is an independent unit of local government.  The  only annual costs the County faces are the minimal costs of receiving and reviewing the various reports that the District is required to provide to the County, or llny monitoring expenses the County may incur if it establishes a monitoring program for this District. However, the Petitioner has included a payment of $15,000 o offset any expenses the County may incur in the processing of this Petition, or in the monitoring of this District.

Impact on State and Local Revenues

Adoption of the proposed ordinance will have no negative irng, ct on state or local revenues. The District is an independent unit of local government. It is designed to provide infrastructure facilities and services to serve the development project and it has its own sources of revenue. No state or local subsidies are required or expected.

In this regard it is important to note that any debt obligations incurred by the District to construct its infrastructure, or for any other reason, are not debts of the State of Florida or any other of local government. In accordance with State law, debts of the District are strictly its own responsibility.

Petition-Exhibit 6

•	•

,/,r,·,:,.,',I
-,,,',>,.,".·,.'...·J

A good faith estimate of the transactional costs likely to be incurred by individuals and entities required to comply with the requirements of the ordinance.

Table 1 provides an outline of the various facilities and services the proposed District  may provide.

TABLE!
KEYS COVE II COMMUNITY DEVELOPMENT DISTRICT

proposedF ac1T1"tJes  andS ervices

FACILITY	FUNDED
BY	O&M BY	OWNERSHIP BY	
Waste Water System	CDD	Homestead	Homestead	
Water Supply System	CDD	Homestead	Homestead	
Surface Water Management	CDD	HOA/CDD	CDD	
Landscaping / Entrance Features	CDD	HOA/CDD	CDD	
The petitioner has estimated the costs for providing the capital facilities outlined in Table
The cost estimates are shown in Table 2 below. Total costs for those facilities, which may be provided, are estimated to be approximately $ 12,292,200.  The District  may issue special assessment bonds to fund the costs of these facilities. These bonds would be repaid through non ad valorem special assessments levied on all properties in the District that may benefit from the District's infrastructure program as outlined in Table 2.

Prospective future landowners in the District may be required to pay non ad valorem assessments levied by the District to secure the debt incurred through bond issuance. In addition to the levy of non ad valorem special assessments for debt service, the District may also impose a non ad valorem assessment to fund the operations and maintenance of the District and its facilities and services.

Furthermore, locating in the District by new property owners is complete!y voluntary. Sb, ultimately, all owners and users of the affected property choose to accept the non ad valorem special assessments by various names and user fees as a tradeoff for the benefits and facilities that the District provides.

A Community Development District ("CDD") provides property owners with the option of having higher levels of facilities and services financed :through self-imposed assessments. The District is an alternative means to manage necessary development services with related financing powers. District management is no more expensive, and often less expensive, than the alternatives of a municipal service taxing unit (MSTU), a property association, County provision, or through developer equity and/or bank loans.

In considering these costs it shall be noted that owners of the lands to be included within the District will receive three major classes of benefits.

Peti-tio.n-Exhibit 6

w	' '
First, landowners in the District will receive a higher long-term sustained level of public services and amenities sooner than would otherwise be the case.

Second, a CDD is a mechanism for assuring that the community services and amenities will be completed concurrently with development of lands within the District. This satisfies the revised growth management legislation, and it assures that growth pays for itself without undue burden on other consumers. Establishment of the District will ensure that these. landowners pay for the provision of facilities, services and improvements to these lands.

Third, a CDD is the sole form of governance which allows District landowners, through landowner voting, to determine the type, quality and expense of District services they receive, provided they meet the County's overall requirements.

The cost impact on the ultimate landowners in the District is not the total cost for the District to provide infrastructure services and facilities. Instead, it is  the  incremental costs above what the landowners would have paid to install infrastructure via an alternative management mechanism. Given the low cost of capital for a CDD, the cost impact to landowners is negligible. This incremental cost of the high  quality infrastructure provided by the District is likely to be fairly low.

TABLE2
KEYS COVE II COMMUNITY DEVELOPMENT DISTRICT

Cate1wrv	
Cost Estimates	
Waste Water System	$	754,000	
Water Distribution System	$1,392,000	
Surface Water Management	$10,086,200	
Landscaping	$	464,000	
Entrance Features	$	232,000

$12,292,200	

TOTAL		

Cost Estimate for District Facilities

3v·	Peticion-Exhibit 6

•	•

/c;;.._::,,
,.l,-'.•,.y.  lI·
.........»*

TABLE3
KEYS COVE II COMMUNITY DEVELOPMENT DISTRICT

Estimated Construction Timetable for District Facilities

Catee:orv	
Completion Date	
Earthwork	April 15, 2005_	
Waste Water System	July 31, 2005	
Water System	June 30, 2005	
Surface Water Management	May 31, 2005	
5.0  An analysis of the impact  on small  businesses  as defined  by Section  288.703, F.S., and an analysis of the impact on small counties and small cities as defined  by Section 120.52, F.S.

There will be no impact on small businesses because of the establishment of the District. Miami-Dade County and the City of Homestead has an estimated population in 2003 that is greater than 10,000; therefore neither would be defined as a "small" County according to Section 120.52, F.S, and there will accordingly be no impact on a small County because of the formation of the District.

6.0	Any additional useful information.

The analysis provided above is based on a straightforward application of economic theory, especially as it relates to tracking the incidence of regulatory costs and benefits. Inputs were received from the Petitioner's Engineer and other professionals associated with the Petitioner.

****************

Petition-Exhibit 6

'

•
APPENDIX A
LIST OF REPORTING REQUIREMENTS

REPORT	FL. STATUTE	DUE DATE CITATION

Annual Financial Audit Annual Financial Report

TRIM Compliance Report

Form I: Statement of Financial

Public Facilities Report

Public Meetings Schedule Bond Report
Registered Agent

11.45		within 45 days of audit completion, but no later than 12 months after end of fiscal year

218.32     within 45 days of  financial  audit completion,  but no later than 12 months after end of fiscal year; if no audit required, by 4/30

200.068     no later  than 30 days following  the  adoption  of the property tax levy  ordinance/resolution (if levying property taxes)

112.3145 within 30 days of accepting interest the appointment, then every year thereafter by 7/1 (by "local officer_:;» appointed to special district's board); during the qualifying period, then every year thereafter by 7/1 (by "local officers" elected to special district's board)

189.415   within one year of special district's creation;   then annual notice of any changes;  and updated report every 5 years, 12 months prior to submission of  local  government's evaluation and appraisal report

189.417	quarterly, semiannually, or annually

218.38	when issued

189.416 within 30 days after first meeting of governing board	"'	.

Proposed.Budget

I89.418

•
prior to end of current fiscal year

Public Depositor Report

280.17	annually by l l/30

1'<1inon - Exhibil 6

DISTRICT BOUNDARIES

0w
:i:
I-

.... ····•··· ···-··

LOOP D

KEYS COVE ll
COMMUNITY DEVELOPMENT DISTRICT	N

)MM. 0009)
CTION: 20-57-39 & 21-57-39

'3s
EXHIBIT"C"

STATE OF FLORIDA COUNTY OF MIAMI-DADE

)
)	SS:
)

I, HARVEY RUVIN, Clerk of the Circuit Court in and for Miami-Dade County, Florida and. Ex-Officio Clerk of the Board of County Commissioners of  Said County, Do Hereby Certify that the above and foregoing is a true and  correct copy of Ordinance No. 05-133 adopted by said board of County Commissioners at its meeting held on July 7, 2005.

IN WITNESS WHEREOF, I have hereunto set my hand and official seal on this 22nd day of July, A.D. 2005.

HARVEY RUVIN, Clerk
Board of County Commissioners Dade County, Florida

By-----,"		-·---	-
Deputy Clerk

Board of County Commissioners Miami-Dade County, Florida