HIGH RIDGE QUANTUM COMMUNITY DEVELOPMENT DISTRICT

PALM BEACH COUNTY REGULAR BOARD MEETING FEBRUARY 11, 2025
8:00 A.M.

Special District Services, Inc.
The Oaks Center 2501A Burns Road
Palm Beach Gardens, FL 33410

www.highridgequantumcdd.org 561.630.4922 Telephone 877.SDS.4922 Toll Free 561.630.4923 Facsimile

AGENDA
HIGH RIDGE QUANTUM COMMUNITY DEVELOPMENT DISTRICT
Special District Services Conference Room 2501A Burns Road,
Palm Beach Gardens, FL 33410
REGULAR BOARD MEETING
February 11, 2025
8:00 a.m.

Call to Order
Proof of Publication…	Page 1
Establish Quorum
Consider Board Vacancies and Appointments
Administer Oath of Office & Review Board Member Responsibilities
Election of Officers
Additions or Deletions to Agenda
Comments from the Public for Items Not on the Agenda
Approval of Minutes
October 8, 2024 Regular Board Meeting…	Page 2
Old Business
New Business
Consider Resolution No. 2025-01 – Adopting Fiscal Year 2025/2026 Proposed Budget…	Page 5
Consider Resolution No. 2025-02 – Registered Agent Change…	Page 12
Administrative Matters
Board Members Comments
Adjourn

AFFIDAVIT OF PUBLICATION

LOCA 
The Gainesville Sun I The Leclger Daily Commercial I Ocala StarBanner
News Chief I Herald-Tribune News Herald I The Palm Beach Post
Northwest Florida Daily News

PO Box 631244 Cincinnati, OH 45263-1244

HIGH RIDGE QUANTUM COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2024/2025 REGULAR MEETING SCHEDULE

NOTICE IS HEREBY GIVEN thot the Boord of Supervisors of the High Ridge Quantum Community Development District will hold Regular Meet• ings in the Conference Room of Special District Services, Inc. located ct 2501A Burns Rood, Palm Beach Gardens, Florido 33410 at 8:00 a.m. on the

High Ridge Quantum Cdd 2501 BURNS RD
STEA

PALM BEACH GARDENS FL 334105207

following dotes:

October 8, 2024
November 12, 2024
December 10, 2024
January 14, 2025
February 11, 2025
Morch 11, 2025
April 8, 2025
Moy 13, 2025
June 10, 2025
July 8, 2025
August 12, 2025
September 9, 2025

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 Palm Beach Post, published in Palm Beach County, Florida; that the attached copy of advertisement, being a Govt Public Notices, was published on the publicly accessible website of Palm Beach County, Florida, or in a newspaper by print in the issues of, on:

09/24/2024

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

The purpose of the meetings is to conduct any and all business coming before the Board. Meetings ore open to the public and will be conducted in accordance with the provisions of Florido law. Copies of the Agendas for any of the meetings may be obtained from the District's website or by contacting the District -/'/\anoger at (561) 6:10-J922 and/or toll freP. at 1*877-737-4922 prior to the date of the particular meeting.
From time to time one or more Supervisors may porticipate by telephone; therefore a speoker telephone will be present of the meeting locotion so that Supervisors may be fully informed of the discussions toking place. Meetings may be continued as found necessary to □ time and ploce specified on the record.
If any person decides to appeal any decision made with respect to any
matter considered at these meetings, such person will need a record of the proceedings and such person may need to ensure that a verbatim record of the proceedings is mode 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 on interpreter to partici­ pate at any of these meetings should contact the District Manager at (561) 630-4922 ond/or toll-free ot l-877-737-4922 ot least seven (7) doys prior to the dote of the particular meeting.
Meetings may be cancelled from time to time without advertised notice. HIGH RIDGE QUANTUM COMMUNITY DEVELOPMENT DISTRICT
www.highridgequontumcdd.org
No.10584448	Sept. 24, 2024

09/24/2024

My commission expires

Publication Cost	$273.92	
Tax Amount:	$0.00	
Payment Cost:	$273.92	
Order No:	10584448	
Customer No:	730460	
PO#:	Fiscal meeting sched	
THIS IS NOT AN INVOICE!
Please do not use this form for payment remittance.

# of Copies:
0

NAN CY HEYRM;\N
Notary Public State of Wiscon:::.in

Page 1 of 1

HIGH RIDGE QUANTUM COMMUNITY DEVELOPMENT DISTRICT
REGULAR BOARD MEETING OCTOBER 8, 2024

CALL TO ORDER

District Manager Michael McElligott called the October 8, 2024, Regular Board Meeting of the High Ridge Quantum Community Development District to order at 8:02 a.m. in the Conference Room of Special District Services located at 2501 A Burns Road, Palm Beach Gardens, FL, 33410.

PROOF OF PUBLICATION

Mr. McElligott presented proof of publication that notice of the Regular Board Meeting had been published in The Palm Beach Post on September 24, 2024, as legally required.

ESTABLISH A QUORUM

Mr. McElligott determined that the attendance of the following Supervisors constituted a quorum, and it was in order to proceed with the meeting: Frando Patterson, Bernard Gatlin, Greg Miller, and Kelli Martin.

Staff in attendance were District Manager Michael McElligott of Special District Services, Inc., and District Counsel Scott Cochran of Billing, Cochran, Lyles, Mauro & Ramsey, P.A.
ADDITIONS OR DELETIONS TO THE AGENDA
There were no additions or deletions to the agenda.
COMMENTS FROM THE PUBLIC FOR ITEMS NOT ON THE AGENDA

There were no comments from the public for items not on the agenda.
APPROVAL OF MINUTES
May 14, 2024, Regular Board Meeting & Public Hearing
Mr. McElligott presented the minutes of the May 14, 2024, Regular Board Meeting and Public Hearing and asked if there were any changes and/or corrections. There being no changes or corrections, a motion was made by Mrs. Martin, seconded by Mr. Miller, and unanimously passed to approve the minutes of the May 14, 2024, Regular Board Meeting and Public Hearing, as presented.

OLD BUSINESS

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

NEW BUSINESS

HIGH RIDGE QUANTUM COMMUNITY DEVELOPMENT DISTRICT
REGULAR BOARD MEETING OCTOBER 8, 2024

Consider Resolution No. 2024-04 – Adopting a Fiscal Year 2023/2024 Amended Budget

Mr. McElligott presented Resolution No. 2024-04, entitled:

RESOLUTION NO. 2024-04

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE HIGH RIDGE QUANTUM COMMUNITY DEVELOPMENT DISTRICT AUTHORIZING AND ADOPTING AN AMENDED FINAL FISCAL YEAR 2023/2024 BUDGET (“AMENDED BUDGET”), PURSUANT TO CHAPTER 189, FLORIDA STATUTES; AND PROVIDING AN EFFECTIVE DATE.

There was some discussion regarding using more fund balance for carryover to reduce assessments. After a brief discussion, a motion was made by Mr. Patterson, seconded by Mrs. Martin, and passed unanimously to adopt Resolution No. 2024-04, as presented.
Consider Resolution No. 2024-05 – Adopting Goals and Objectives
Mr. McElligott presented Resolution No. 2025-05, entitled:
RESOLUTION NO. 2025-05
A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE HIGH RIDGE QUANTUM COMMUNITY DEVELOPMENT DISTRICT ADOPTING GOALS, OBJECTIVES, AND PERFORMANCE MEASURES AND STANDARDS; PROVIDING A SERVABILITY CLAUSE; AND PROVIDING AN EFFECTIVE DATE.

Mr. McElligott and Mr. Cochran explained that due to a new statutory requirement, the Board needs to adopt Goals & Objectives that they will post to their website and then next year they will revisit and evaluate how they did against those Goals & Objectives. Mr. McElligott presented the exhibit to the resolution which lists out proposed Goal & Objectives, and how the Board will measure them next year.

After a brief discussion among the Board, there was a motion by Mrs. Martin, with a second from Mr. Gatlin, to approve resolution No. 2024-05 – Adopting Goals & Objectives as presented. The motion carried 4-0.
.

HIGH RIDGE QUANTUM COMMUNITY DEVELOPMENT DISTRICT
REGULAR BOARD MEETING OCTOBER 8, 2024

AUDIT SELECTION COMMITTEE

Ranking of Proposals/Consider Selection of an Auditor

Mr. McElligott informed the Board that they only received one proposal for Auditor. Mr. McElligott presented the proposal from Grau and Associates. Mr. McElligott informed the Board that Grau and Associates does many CDD audits, and they have very competitive pricing and that staff recommends approval.

After a brief discussion among the Board, there was a motion by Mrs. Martin, with a second from Mr. Patterson, to approve the proposal from Grau and Associates and sign the 3-year contract with optional additional 2 year renewal, as presented. The motion carried 4-0.

ADMINISTRATIVE MATTERS

Legislative Update
District Attorney Scott Cochran went of the Legislative Update Memo in the meeting book. He briefed the Board on various legislative changes that may affect the District and answered questions from the Board on those matters. There was no formal action required.
Other Matters
Mr. McElligott also reminded the Board to do their Ethics Training by the end of the year and reminded the Board of the videos on the website.
BOARD MEMBER COMMENTS

There were no comments from Members of the Board.
ADJOURNMENT
There being no further business to come before the Board, the Regular Board Meeting was adjourned at 8:20 a.m. on a motion made by Mrs. Martin, seconded by Mr. Gatlin, and the motion carried 4 to 0.

Secretary/Assistant Secretary	Chair/Vice Chair

RESOLUTION NO. 2025-01

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE HIGH RIDGE QUANTUM COMMUNITY DEVELOPMENT DISTRICT APPROVING A PROPOSED BUDGET FOR FISCAL YEAR 2025/2026; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the Board of Supervisors (“Board”) of the High Ridge Quantum Community Development District (“District”) is required by Chapter 190.008, Florida Statutes, to approve a Proposed Budget for each fiscal year; and,

WHEREAS, the Proposed Budget including the Assessments for Fiscal Year 2025/2026 has been prepared and considered by the Board.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE HIGH RIDGE QUANTUM COMMUNITY DEVELOPMENT DISTRICT THAT:

Section 1.  The Proposed Budget including the Assessments for Fiscal Year 2025/2026 attached hereto as Exhibit “A” is approved and adopted.

Section 2.  A Public Hearing is hereby scheduled for 	, 2025 at 8:00 a.m. in the Special District Services, Inc. Conference Room, 2501A Burns Road, Palm Beach Gardens, Florida 33410, for the purpose of receiving public comments on the Proposed Fiscal Year 2025/2026 Budget.

PASSED, ADOPTED and EFFECTIVE this 11th day of February, 2025.

ATTEST:	HIGH RIDGE QUANTUM
COMMUNITY DEVELOPMENT DISTRICT

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

High Ridge/Quantum Community Development District

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

CONTENTS

PROPOSED BUDGET

DETAILED PROPOSED BUDGET

DETAILED PROPOSED DEBT SERVICE FUND BUDGET

ASSESSMENT COMPARISON

PROPOSED BUDGET
HIGH RIDGE/QUANTUM COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	
FISCAL YEAR 2025/2026 BUDGET	
O & M Assessments	46,500	
Debt Assessments	128,719	
Other Revenues	0	
Interest Income	840	
		
TOTAL REVENUES	$	176,059	
		
EXPENDITURES		
Supervisor Fees	5,000	
Payroll Taxes (Employer)	400	
Engineering	1,500	
Management	23,844	
Secretarial	3,000	
Legal	7,000	
Assessment Roll	3,000	
Audit Fees	3,300	
Insurance	7,400	
Legal Advertisements	1,400	
Miscellaneous	525	
Postage	150	
Office Supplies	350	
Dues & Subscriptions	175	
Trustee Fee	3,200	
Website Management	2,000	
		
TOTAL EXPENDITURES	$	62,244	
		
REVENUES LESS EXPENDITURES	$	113,815	
		
Bond Payments	(120,996)	
		
BALANCE	$	(7,181)	
		
County Appraiser & Tax Collector Fee	(3,504)	
Discounts For Early Payments	(7,009)	
		
EXCESS/ (SHORTFALL)	$	(17,694)	
		
Carryover From Prior Year	17,694	
		
NET EXCESS/ (SHORTFALL)	$	-	

DETAILED PROPOSED BUDGET
HIGH RIDGE/QUANTUM COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

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

COMMENTS	
O & M Assessments	55,619	51,923	46,500	Expenditures Less Interest & Carryover/.94	
Debt Assessments	128,719	128,719	128,719	Bond Payments/.94	
Other Revenues	0	0	0		
Interest Income	5,400	480	840	Interest Projected At $70 Per Month	
					
TOTAL REVENUES	$	189,738	$	181,122	$	176,059		
					
EXPENDITURES					
Supervisor Fees	2,400	5,000	5,000	Supervisor Fees	
Payroll Taxes (Employer)	184	400	400	Projected At 8% Of Supervisor Fees	
Engineering	0	1,500	1,500	No Change From 2024/2025 Budget	
Management	22,488	23,160	23,844	CPI Adjustment	
Secretarial	3,000	3,000	3,000	No Change From 2024/2025 Budget	
Legal	6,265	7,000	7,000	No Change From 2024/2025 Budget	
Assessment Roll	3,000	3,000	3,000	As Per Contract	
Audit Fees	3,400	3,500	3,300	Approved Amount For 2024/2025 Audit	
Insurance	6,594	7,200	7,400	Fiscal Year 2024/2025 Expenditure Was $6,858	
Legal Advertisements	1,148	1,400	1,400	No Change From 2024/2025 Budget	
Miscellaneous	159	575	525	$50 Decrease From 2024/2025 Budget	
Postage	66	150	150	No Change From 2024/2025 Budget	
Office Supplies	184	350	350	No Change From 2024/2025 Budget	
Dues & Subscriptions	175	175	175	No Change From 2024/2025 Budget	
Trustee Fee	3,180	3,200	3,200	No Change From 2024/2025 Budget	
Website Management	2,000	2,000	2,000	No Change From 2024/2025 Budget	
					
TOTAL EXPENDITURES	$	54,243	$	61,610	$	62,244		
					
REVENUES LESS EXPENDITURES	$	135,495	$	119,512	$	113,815		
					
Bond Payments	(122,659)	(120,996)	(120,996)	2026 Principal & Interest Payments	
					
BALANCE	$	12,836	$	(1,484)	$	(7,181)		
					
County Appraiser & Tax Collector Fee	(1,234)	(3,612)	(3,504)	Two Percent Of Total Tax Roll	
Discounts For Early Payments	(6,908)	(7,226)	(7,009)	Four Percent Of Total Tax Roll	
					
EXCESS/ (SHORTFALL)	$	4,694	$	(12,322)	$	(17,694)		
					
Carryover From Prior Year	0	12,322	17,694	Carryover Balance From Prior Years	
					
NET EXCESS/ (SHORTFALL)	$	4,694	$	-	$	-		

DETAILED PROPOSED DEBT SERVICE FUND BUDGET
HIGH RIDGE/QUANTUM COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

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

COMMENTS	

Interest Income	
4,580	
400	
750	
Projected Interest For 2025/2026	

NAV Tax Collection	
122,659	
120,996	
120,996	
Yearly Maximum Debt Assessment	

Total Revenues	
$	127,239	
$	121,396	
$	121,746		

EXPENDITURES					

Principal Payments	
90,000	
95,000	
95,000	
Principal Payment Due In 2026	

Interest Payments	
27,720	
24,255	
21,861	
Interest Payments Due In 2026	

Bond Redemption	
0	
2,141	
4,885	
Estimated Excess Debt Collections	

Total Expenditures	
$	117,720	
$	121,396	
$	121,746		

Excess/ (Shortfall)	
$	9,519	
$	-	
$	-		

Series 2017 Bond Refunding Information

Original Par Amount =	$1,680,000	Annual Principal Payments Due =	May 1st	
Interest Rate =	2.52% - 5.75%	Annual Interest Payments Due =	May 1st & November 1st	
Issue Date =	January 2017			
Maturity Date =

Par Amount As Of 1/1/25 =	May 2035

$1,010,100			

High Ridge/Quantum Community Development District Assessment Comparison

Original	Fiscal Year	Fiscal Year	Fiscal Year	Fiscal Year	
Projected	2022/2023	2023/2024	2024/2025	2025/2026	
 Assessment* 	 Assessment* 	 Assessment* 	  Assessment*		Projected Assessment*	

O & M	

$	377.48	

$	369.57	

$	357.23	

$	335.00	

$	300.00	
Debt	$	957.28	$	830.45	$	830.45	$	830.45	$	830.45	
Total	$	1,334.76	$	1,200.02	$	1,187.68	$	1,165.45	$	1,130.45	

* Assessments Include the Following : 4% Discount for Early Payments
1% County Tax Collector Fee
1% County Property Appraiser Fee
 Community Information:		 Total Units	155

RESOLUTION 2025-02

A RESOLUTION OF THE HIGH RIDGE QUANTUM COMMUNITY	DEVELOPMENT	DISTRICT DESIGNATING MICHAEL J. PAWELCZYK AS THE DISTRICT’S REGISTERED AGENT AND DESIGNATING THE OFFICE OF BILLING, COCHRAN, LYLES, MAURO & RAMSEY, P.A. AS THE REGISTERED OFFICE

WHEREAS, Section 189.014, Florida Statutes requires that the High Ridge Quantum Community Development District (the “District”) designate a registered office and a registered agent, and further authorizes the District to change its registered office and registered agent, at the discretion of the District Board of Supervisors (the “Board”); and

WHEREAS, the designation of both a registered office and a registered agent is for the purpose of accepting service of process, notice, or demand that is required or permitted by law to be served upon the District; and

WHEREAS, the Board has been informed by the office of District Counsel that there is a need to designate a new registered agent for the District; and

WHEREAS, the Board seeks designate Michael J. Pawelczyk as the registered agent for the District, and update the business address of the registered office of the District, as necessary.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE HIGH RIDGE QUANTUM COMMUNITY DEVELOPMENT DISTRICT, THAT:
Section 1.	The foregoing recitals are hereby incorporated as findings of fact of the Board.

Section 2.  Michael J. Pawelczyk is hereby designated as the registered agent for the District, thereby replacing any previously designated registered agent.
Section 3.  The registered office of the District is hereby designated as the office at Billing, Cochran, Lyles, Mauro & Ramsey, P.A., 515 East Las Olas Boulevard, Suite 600, Fort Lauderdale, Florida 33301. The registered office is identical to the business address of the registered agent designated in Section 2 of this Resolution.
Section 4. Pursuant to the requirements of Section 189.014(2), Florida Statutes, the District’s Secretary shall transmit copies of this Resolution to the local governing authority or authorities and to the Florida Department of Economic Opportunity.

Section 5.  All resolutions or parts of resolutions in conflict herewith are repealed to the extent of such conflict.

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Section 6.   If any clause, section or other part or application of this Resolution is held by a court of competent jurisdiction to be unconstitutional, illegal or invalid, in part or as applied, it shall not affect the validity of the remaining portions or applications of this Resolution.

Section 7.	This Resolution shall be effective immediately upon adoption.

PASSED AND ADOPTED THIS 11th DAY OF FEBRUARY, 2025.

ATTEST:

HIGH RIDGE QUANTUM
COMMUNITY DEVELOPMENT DISTRICT

	

Print name: 		Print name: 	 Secretary/Assistant Secretary		Chair/Vice-Chair, Board of Supervisors

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