City Gate Community Development District
12051 Corporate Boulevard, Orlando, FL 32817-1450
P. 407-723-5900
F. 407-723-5901

Board of Supervisors	Monday June 14, 2021, 4:30 p.m.
CITY GATE COMMUNITY	9010 Strada Stell Court, Suite 207
DEVELOPMENT DISTRICT	Naples, FL 34109

Call to Order / Roll Call

Public Comments

Administrative Matters

Tab 1 - Proof of Publication – June 7, 2021.

Tab 2 - Consideration of Minutes of the November 5, 2020 Board of Supervisors Budget Public Hearing Meeting.

Operational Matters

Tab 3 - Lot 12 Recording.

Financial Matters

Tab 4 -		Consideration of Resolution 2021-1, approving a proposed budget for Fiscal Year 2020/2021 and setting a public hearing to adopt budget.

Additional Streetlights
Reduction in assessed acreage

Tab 5 - Consideration of April 2021 District Financial Statements.

Tab 6 - Consideration of the District’s FY 2019-2020 audit.

Tab 7 - District certificate of tax exemption.

Other Business

Staff Reports

Manager’s Report

Tab 8 - Supervisor of Elections Letter

Form 1 due NO LATER THAN JULY 1 to Supervisor of Elections

Attorney’s Report
Engineer’s Report Supervisor’s Requests Adjournment

EXHIBIT 1

12D  t	MONDAY, JUNE 7,  2021   I    NAPL-ES DAILY NEWS

Public Notices

NOTICE OF REGULAR MEETING DATE CHANGE CITY GATE COMMUNITY DEVELOMENT DISTRICT
The Regular Meeting of the Board of Supervisors  (the "Board") of the  City Gate Community  Development  District will be held on Monday, June 14, 2021 at 4:30 p.m. at 9010 Strada Stell Court, Suite 207, Naples FL The meeting is open to the public and will beconducted in accordance with the provisions of Flor­ ida law. The meeting may be continued to  a date, time, and place to be specified on the record at the  meeting.  There may be occasions when Board Supervisors or District Staff may partic­ ipate by speaker telephone.
A copy of the agenda may be obtained at the offices of the District Manager, 707 Orchid Drive, Suite 100, Naples, Flbrida 34102, during normal business hours.
Any person requiring special  accommodations  to  participate  in this meeting is asked to advise the District Office at (239) 269- 1341, at  least forty-eight  (48) hours before the meetinlJ.   If  you are hearing or speech impaired, please contact the Florida Relay Service at 1-800-955 -8771 for aid in contacting the District Of­ fice.

Each person who decides to appeal any decision made by the Board with respect to  any matter  considered  at the  public hear­ ing or meeting is advised that person will need a record of pro­ ceedings and that accordingly,  the  person may need to  ensure that  a  verbatim  record  of  the  proceedings  is made,  including the testimony and evidence upon which such appeal  is to  be based.
Meetings may be cancelled from time to time without adver­ tised notice.
District Manager June 3, 2021
June 7, 2021 #4761428

EXHIBIT 2

CITY GATE COMMUNITY DEVELOPMENT DISTRICT
12051 Corporate Boulevard
 	Orlando, FL 32817	

MINUTES OF GENERAL MEETING

Board of Supervisors General Meeting Thursday, November 5, 2020, 4:34 p.m. Via Zoom Virtual Meeting Application

Present and constituting a quorum were:

Roger B. Rice	Board Member
Jake Stephens	Board Member
John Fraine	Board Member Also present was:
Russ Weyer	Real Estate Econometrics, Inc.

Absent was:

Ronald Rice	Board Member

FIRST ORDER OF BUSINESS	Call to Order and Roll Call

Mr. Weyer called the meeting to order, noted that this is a public hearing and proceeded with the roll call. The members in attendance are as outlined above and a quorum was established.

SECOND ORDER OF BUSINESS	Public Comments

Mr. Weyer noted that the Florida Statutes require that there be an opportunity for Public Comment. There was no one from the public in attendance.

THIRD ORDER OF BUSINESS	Consideration of the September 10, 2020
Landowner	and	General	Meetings Minutes

Mr. Weyer presented the September 10, 2020 meeting minutes for the Landowner and General Meeting minutes for Board consideration. There were no comments.

On MOTIONS by Mr. John Fraine and seconded by Mr. Jake Stephens, with all in favor, the Board of Supervisors of City Gate Community Development District approved the minutes of the September 10, 2020 Landowner and General meetings of the City Gate Community Development District.

FOURTH ORDER OF BUSINESS	Consideration of items regarding the Uline
land acquisition.

Mr. Weyer asked Mr. Roger Rice present the list of documents related to the Uline land acquisition and make motions that are needed for Board consideration. Mr. Rice said that Uline executed a contribution agreement with Collier County that will affect the City Gate CDD in that the County will relocate City Gate Boulevard South about 250 feet to the south so that Uline could fit their building on the site. He said their building is about 915,000 square-foot warehouse and about 20,000 square feet of office space.

Mr. Rice pointed out that the lake will be expanded and there will be a track built around the lake and Uline will donate additional land and construct a mudder course. Uline will also dedicate and build a grass parking lot for the County.

The City Gate CDD will need to agree to vacate any prior interest in the current location of City Boulevard South, agree that the CDD agrees with the expansion of the lake where Uline will dedicate that expansion to the County and that the County will ultimately dedicate that lake expansion to the CDD for maintenance, which will increase the maintenance costs and decrease the amount of acreage the CDD assesses.

Mr. Rice noted that Uline has closed on 58.15 acres and are scheduled to close on another 44 acres in December. Mr. Rice would like for the Board to authorize him as District Chair or any officer of the District to execute on behalf of the CDD any documents related to the CDD during the upcoming replat.

On MOTION by Mr. John Fraine and seconded by Mr. Jake Stephens with all in favor, the Board of Supervisors of City Gate Community Development District approving the boulevard relocation and authorized Mr. Rice as District Chair or any officer of the District on behalf of the CDD any documents related to the CDD during the upcoming replat.

FIFTH ORDER OF BUSINESS	Consideration of Carr Riggs & Ingram FY
2019-2020 audit engagement letter

Mr. Weyer presented the Carr Riggs & Ingram FY 2019-2020 audit engagement letter for Board consideration. They have performed the District’s audits for the past few years and Amanda handles the District’s responses to requests for information. The proposed fee is within budget. There were no comments.

On MOTION by Mr. Jake Stephens and seconded by Mr. John Fraine, with all in favor, the Board of Supervisors of City Gate Community Development District accepted the Carr Riggs & Ingram FY 2019-2020 audit engagement letter.

SIXTH ORDER OF BUSINESS	Consideration    of     the     City     Gate
Community	Development	District Financials through August 31, 2020.

Ms. Weyer presented the District Financials through October 31, 2020.  He said that we currently have $108,000 in the checking account since we had a good carry over from the previous fiscal year and are getting in the current fiscal year’s assessments with very little expenses for October. That will be whittled down as the expenses increase. There was no further discussion.

On MOTION by Mr. Jake Stephens and seconded by Mr. John Fraine, with all in favor, the Board of Supervisors of City Gate Community Development District accepted the October 31, 2020 financial statements as presented.

SEVENTH ORDER OF BUSINESS	Staff Reports

District Manager’s Report - Mr. Weyer had nothing further to report.

Attorney’s Report - Mr. Pickworth was not present.

Engineer’s Report – Mr. Fruth was not present.

EIGHTH ORDER OF BUSINESS	Adjournment

On MOTION by Mr. Roger Rice, seconded by Mr. John Fraine, with all in favor, the meeting of the Board of Supervisors of the City Gate Community Development District was adjourned.

Secretary/Assistant Secretary	Chairperson/Vice-Chairperson

EXHIBIT 3

CITY GATE COMMERCE PARK/PHASE THREE REPLAT NO. 5
ALL OF LOT 10 OF CITY GATE COMMERCE PARK PHASE THREE REPLAT NO. 4 AS RECORDED IN PLAT BOOK 68,
PAGES 69 THROUGH 73, LOCATED IN SECTION 35, TOWNSHIP 49 SOUTH, RANGE 26 EAST, COLLIER COUNTY, FLORIDA

PLATBOOK 9	,  PAGE ,
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DEDICATIONS/ RESERVATIONS

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NOTICE
THIS PLAT, AS RECORDED IN ITS GRAPHIC FORM, IS THE OFFICIAL
DEPICTION OF THE SUBDIVIDED LANDS DESCRIBED HEREIN AND WILL IN NO CIRCUMSTANCES BE SUPPLANTED IN AUTHORITY BY

STATE OF FLORIDA
COUNTY OF COLLIER

l----------i I . V	TE DR.

ANY OTHER GRAPHIC OR DIGITAL FORM OF THE PLAT. THERE MAY

KNOW ALL MEN BY THESE PRESENTS THAT:
CG II, LLC, A FLORIDA LIMITED LIABILITY COMPANY
850 NWN, LLC, A FLORIDA LIMITED LIABILITY COMPANY

THE OWNERS OF THE LAND DESCRIBED HEREON HAVE CAUSED THIS PLAT ENTITLED CITY GATE COMMERCE PARK PHASE THREE REPLAT NO. 5, TO BE MADE AND DO HEREBY:
DEDICATE TO COLLIER COUNTY:

34-49S-26E

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CITY GATE ccl,,MERCE PARK PHASE Tfj_REE REPLAT NO.<>
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BE ADDITIONAL  RESTRICTIONS  THAT ARE  NOT RECORDED  ON THIS PLAT THAT MAY BE FOUND IN THE PUBLIC RECORDS OF THIS COUNTY.

ALL DRAINAGE EASEMENTS (D.E.) WITHOUT THE RESPONSIBILITY FOR MAINTENANCE.
THE "TURN LANE" ACCESS EASEMENT {A.E.) LYING WITHIN LOTS 10 AND 12 FOR PUBLIC ACCESS PURPOSES WITHOUT THE RESPONSIBILITY FOR MAINTENANCE. ALL ACCESS EASEMENTS (A.E.) WITHOUT THE RESPONSIBILITY FOR MAINTENANCE.
DEDICATE A NON-EXCLUSIVE PUBLIC UTILITY EASEMENT (P.U.E.) TO ALL LICENSED OR FRANCHISED

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COUNTY APPROVALS COUNTY ENGINEER

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PUBLIC OR PRIVATE UTILITIES FOR PUBLIC UTILITY PURPOSES:
ALL PLATTED PUBLIC UTILITY EASEMENTS (P.U.E.) SHALL ALSO BE EASEMENTS FOR THE CONSTRUCTION, INSTALLATION, MAINTENANCE, AND OPERATION OF CABLE TELEVISION SERVICES PROVIDED, HOWEVER, NO SUCH CONSTRUCTION, INSTALLATION, MAINTENANCE AND OPERATION OF CABLE TELEVISION SERVICES SHALL INTERFERE WITH THE FACILITIES AND SERVICES OF AN ELECTRIC, TELEPHONE, GAS, OR OTHER PUBLIC UTILITY. IN THE EVENT A CABLE TELEVISION COMPANY DAMAGES THE FACILITIES OF A PUBLIC UTILITY, IT SHALL BE SOLELY RESPONSIBLE FOR THE DAMAGES. THIS SECTION SHALL NOT APPLY TO THOSE PRIVATE EASEMENTS GRANTED TO OR OBTAINED BY A PARTICULAR ELECTRIC, TELEPHONE, GAS, OR OTHER PUBLIC UTILITY. SUCH CONSTRUCTION, INSTALLATION, MAINTENANCE AND OPERATION SHALL COMPLY WITH THE NATIONAL ELECTRIC SAFETY CODE AS ADOPTED BY THE FLORIDA PUBLIC SERVICE

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THIS PLAT A  PROVED BY THE GROWTH MANAGEMENT DEPARTMENT OF COLLIER COUNTY. FLORIDA, THIS//        DAY OF -'-J.ILl_L_ · 2021, AD.

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J	MCKENNA, P.E.
OLLIER COUNTY ENGINEER

COUNTY SURVEYOR

COMMISSION.
DEDICATE TO CITY GATE COMMERCE PARK MASTER PROPERTY OWNERS ASSOCIATION, INC., A FLORIDA NOT-FOR-PROFIT CORPORATION, {"ASSOCIATION"), ITS SUCCESSORS OR ASSIGNS:
ALL DRAINAGE EASEMENTS (D.E.) FOR STORMWATER MANAGEMENT PURPOSES WITH RESPONSIBILITY FOR MAINTENANCE.
ALL ACCESS EASEMENTS (A.E.) WITHOUT RESPONSIBILITY FOR MAINTENANCE.
DEDICATE TO CITY GATE COMMUNITY DEVELOPMENT DISTRICT ("COD"):
ALL DRAINAGE EASEMENTS (D.E.) FOR STORMWATER MANAGEMENT PURPOSES WITHOUT RESPONSIBILITY FOR MAINTENANCE.

LOCATION MAP

NOTTO SCALE

· :< DESCRIPTION OF LANDS PLATTED
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ALL OF LOT 10 OF CITY GAfE'¢Ofy1MERCE PARK PHASE THREE REPLAT NO. 4 A_S RECORDED IN PLAT BOOK68, PAGES 69 THROtipH_,"3,,l.OCATED IN SECTION 35, TOWNSHIP 49 SOUTH, RANGE 26 EAST, COLLIER COUNTY. FLORIDA/	/'  ..	,	I

THIS PLAT REVIEWED BY THE COLLIER COUNTY SURVEYOR THIS    //'f¥DAY OF    /J1,4'( , 2021, AD.

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COLLIER COUNTY SURVEYOR

COUNTY ATTORNEY

ALL ACCESS EASEMENTS (A.E.) WITH RESPONSIBILITY FOR MAINTENANCE.
DEDICATE TO THE GREATER NAPLES FIRE & RESCUE DISTRICT:
A NON-EXCLUSIVE EMERGENCY ACCESS OVER THE "TURN LANE" ACCESS EASEMENT {A.E.) WITHIN LOTS 10
AND 12 WITHOUT RESPONSIBILITY FOR MAINTENANCE.

NAME THIS	.3rd	DAY OF	/11"'1	. 2021.

IN WITNESS THEREOF, THE UNDERSIGNED OWNER HAVE CAUSED THESE PRESENTS TO BE EXECUTED IN ITS
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THE ABOVE DESCRIBfS APPR0Xf 1fE't,,.Y-   955,440 SQUARE FEET OR 21.93 ACRES OF LAND.
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THIS PLAT APPROVED BY THE COLLIER COUNTY ATTORNEY THIS  f /T:!! DAY OF   P'[lt/y

DEREK D. PERRY	z;

DJ.<..<'- D. 8. -L• ---
ASSISTANT COUNTY ATTORNEY

. 2021, AD

CG 11, LLC
A FLORIDA LIMITED LIABILITY COMPANY	WITNESS:	, f/' ""61/,U ,

WITNESS: flr'j	

PRINTED NAME:	C/,_<'    ;f.     "f.:k,111$/,
R. WEBER, VICE PRESIDENT	PRINTED NAEc it<ec

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LIMITED LIABILITY COMPANY

OWNER ACKNOWLEDGEMENTS (CONTINUED)

STATE OF OHIO

GEN RAL NOTES
□ {SETll'' X 4" CONCRETE MOl)IUMENT STAMPED PRM CEC LB 2464.
■ -F.Dlm!)'4" X 4" CONCRETE !'10NUMENT STAMPED PRM CEC LB 2464.
BEA(}ll'fGS}S_HOWN HEREON !),RE BASED ON THE STATE PLANE COORDINATE SYSTEM"fSJABLISHED BY TI-\E NATIONAL GEODETIC SURVEY FOR FLORIDA EAST ZON!'; i e3 DATUM WIT 1990 ADJUSTMENT AND REFER TO THE SOUTH LINE OPCITY GATE COMMERr.;E PARK PHASE THREE, BEARING S89°00"01"W.
ALL DISTANCES ARE IN FEET /IND DECIMALS THEREOF.
RESERVATIONS, RESTRICTIONS AND COVENANTS OF RECORD FOR CITY

COUNTY COMMISSION APPROVAL

THIS PLAT APPROVED FOR  RECORDI\ AREGULAR  OPEN MEETING  BY THE BOARD OF COUNTY  COMMISSIONERS OF COLLIER COUNTY, FLORIDA. THIS	DAY OF Cf\o._,J	, 2021. AD. PROVIDED THAT THE PLAT IS FILED IN THE

OFFICE OF THE CLERK OF CIRCUIT COURT OF COLLIER CbUNTY, FLORIDA.

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MICHEL.LE A. VJ\RWC:.J
NOTARY PUBLIC • STATE OF OHIO
Recorded in Summit County
My commission axpirns Apr, 21, 2024

GATE COMMERCE PARK ARE RECORDED IN OFFICIAL RECORDS BOOK 3525,

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n's	LOR, CHAI     AN	..

. WEBER, VICE PRESIDENT

OWNER ACKNOWLEDGEMENTS

STATE OF OHIO COUNTY OF SUMMIT

THE FOREGOING DEDICATION WAS ACKNOWLEDGED BEFORE ME BY MEANS OF [X] PHYSICAL PRESENCE OR [     ] ONLINE NOTARIZATION THIS2-_DAY OF     M""'"\	, 2021, BY JOSEPH R. WEBER, VICE
PRESIDENT OF CG II, LLC, A FLORIDA LIMITED LIABILITY COMPANY, WHO[)(.] IS PERSONALLY KNOWN TO ME OR [
] HAS PRODUCEp	AS IDENTIFICATION.
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PAGE 2931, AS AMENDED, ALL OF THE PUBLIC RECORDS OF COLLIER COUNTY, FLORIDA
DESCRIBED PROPERTY LIES WITHIN THE CITY GATE COMMERCE PARK P.U.D., ORDINANCE 88-93, AS !\MENDED.
DESCRIBED PROPERTY LIES WITHIN THE CITY GATE COMMUNITY DEVELOPMENT DISTRICT, ORGANIZED PURSUANT TO THE PROVISIONS OF CHAPTER 190, FLORIDA STATWTES, AND COLLIER COUNTY ORDINANCE NO. 2009-68. NOTICE OF ESTABLl HMENT OF CITY GATE COMMUNITY DEVELOPMENT DISTRICT IS RECORDED IN O.R. BOOK 4521, PAGE 1453, PUBLIC RECORDS OF COLLIER'     COUNTY. FLORIDA.

CRYST.:b. s\A  El., CLERK OF	BOARD OF COUNTY COMMISSIO Rfi
c1Rcu11'l!IOO\lf, my.	COLLIER  couNTY,  FLORIDA'	- COMPTROLLER IN AND FOR
COLLIER COUNTY. FLORIDA.

FILING RECORD

'-09 .

I HEREBY CERTIFY THAT THIS PLAT HAS BEEN EXAMINED BY ME AND THAT IT COMPLIES IN FORM WITH THE REQUIREMENJA£>F CHAPTER 177. FJ.ORIDA STATUTES. I FURTHER CERTIFY THAT SAID PLAT WAS FILED FORrRECORD
AT   I\: l'L. OR		P.M.) THIS    I 'cl-1-t"\DAY OF			, 2021 AD .. AND DULY RECORDED IN PLAT BOOK PAGE(S)   25	THROUGH 2/p  , INCLUSIVE, OFT		PUBLIC RECORDS OF COLLIER COUNTY, FLORIDA.
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CIRCUIT COURT &

CRYSTAL K. KINZEL, CLERK OF	."'·.tl' i &:;: :: t°\ ,,

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NOTARY PUBLIC -STATE Of OHIO
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NAME - PRINTED
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COMMISSION#
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tHCHELLE A. V1\RJSCO
NOTARY PUBLIC· STATE OF OHIO
Recorded in Summit County
My commission expires Apr. 21, 2024

COMPTROLLER IN AND FOR COLLIER COUNTY, FLORIDA.

SURVEYORS CERTIFICATE

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MY COMMISSION EXPIRES

I HEREBY CERTIFY THAT THIS PLAT WAS PREPARED FROM A BOUNDARY SURVEY PERFORMED BY ME, OR UNDER MY	I
SUPERVISION, AS PROVIDED IN CHAPTER 177.041, FLORIDA STATUTES AND THAT THIS PLAT COMPLIES WITH ALL TI-\E
REQUIREMENTS OF CHAPTER 177, PART 1. AS AMENDED. FLORIDA STATUTES.
IT IS FURTHER CERTIFIED THAT ALL PERMANENT REFERENCE MONUMENTS WILL BE SET PRIOR TO RECORDING OF THIS PLAT AND LOT CORNERS WILL BE SET PRIOR TO FINAL ACCEPTANCE OF THE REQUIRED IMPROVEMENTS.

COASTAL ENGINEERING CONSULTANTS, INC. FLORIDA BUSINESS AUTHORIZATION NO. LB 2464

DATED

THIS INSTRUMENT PREPARED BY:
RICHARD J. EWING. V.P.
PROFESSIONAL SURVEYOR AND MAPPER COASTAL ENGINEERING CONSULTANTS, INC.
PROFESSIONAL ENGINEERS ANO LAND SURVEYORS
28421 BONITA CROSSINGS BLVD.. BONITA SPRINGS, FL 34135 PHONE NO. (239)643-2324 FAX NO. (239)643-1143
ACAD DWG NO: 21.200
C.E.C. FILE NO: 21.200 REPLAT NO. 5

CITY GATE COMMERCE PARK PHASE THREE REPLAT NO. 5
ALL OF LOT 10 OF CITY GATE COMMERCE PARK PHASE THREE REPLAT NO. 4 AS RECORDED IN PLAT BOOK 68,
PAGES 69 THROUGH 73, LOCATED IN SECTION 35, TOWNSHIP 49 SOUTH, RANGE 26 EAST, COLLIER COUNTY, FLORIDA
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PLAT BOOK	=--=-q_, PAGE	L--
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SCALE: 1" = 100'

LEGEND
P.B. = PLAT BOOK PG.     = PAGE (TYP.) = TYPICAL
P.U.E. = P.U.E.
C.U.E. = COUNTY U.E.

20' 0

CXX- CURVE TABLE

CURVE	RADIUS	DELTA	LENGTH	CHORD	I
B ARING	
C1	4915.00'	05"39'57"	486.04'	485.84'	N87"57'00"W	
C2	5162.00'	05"39'57"	510.46'	510.25'	S87"57'00"E	
C3	4915 00'	01"31'07"	130.28'	130.27'	S8$"58'35"W	
C4	4915.00'	00"24'29"	35.01'	35.01'	N89"03'37"W	

D.E. = DRAINAGE EASEMENT AE. = ACCESS EASEMENT
U.E. = UTILITY EASEMENT INSTR = INSTRUMENT	
C5	
4915.00'	
03"44'21"	
320.75'	
320.69'	'
N86'     "59'12"W	
=	10' X 153' TURN LANE ACCESS EASEMENT (AE.)							

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LOT 9
CITY GATE COMMERCE PARK PHASE THREE REPLAT NO. 4
(PLAT BOOK 68, PAGES 69 THROUGH 73) (NOT A PART OF THIS PLAT)

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PLAT BOUNDARY

TRACT RL

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887.96'	-   120.42'  -

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CITY GATE COMMERCE CENTER, PHASE THREE REPLAT
(P.B. 65, PG. 94-97) (NOT PART OF THIS PLAT)

CITY GATE COMMERCE PARK, PHASE THREE
(P.B. 63, PG. 84-90) (NOT PART OF THIS PLAT)

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TRACT RL-2
CITY GATE COMMERCE PARK
'	I	PHASE THREE REPLAT NO. 4
(PLAT BOOK 68, PAGE 69 THROUGH 73) (NOT A PART OF THIS PLAT)

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THIS INSTRUMENT PREPARED BY:
RICHARD J. EWING, V.P.
PROFESSIONAL SURVEYOR AND MAPPER COASTAL ENGINEERING CONSULTANTS, INC.
PROFESSIONAL ENGINEERS AND LAND SURVEYORS
28421 BONITA CROSSINGS BLVD., BONITA SPRINGS, FL 34135 PHONE NO. (239)643-2324 FAX NO. (239)643-1143
ACAD DWG NO: 21.200
C.E. C. FILE NO: 21.200 REPLAT NO. 5

INSTR 6059989 OR 5948 PG 518 RECORDED 5/17/2021 2:20 PM PAGES 2 CLERK OF THE CIRCUIT COURT AND COMPTROLLER, COLLIER COUNTY FLORIDA DOC@.70 $2,450.00 REC $18.50
CONS $350,000.00

PR O JECT:	Sports Complex
PARCEL:	Lot 12 according to the Plat of City Gate Commerce Parle, Ph	Three, Replat No. S - 1.75 acres
.	CONSIDE RATION: _ p	o,,oo..oo	.	.
r	" "-	WARRANTY DEED._
THIS W  (;	Dis made thi.s \1 Thday ·of May, 2021, by CG Il, LLC, a Florida
limited liability comp	$ .·· address is 121 South Main Street, Suite 500, Akron; OH 44308
(he  in  r referred to as ;	-, ·	'), to  COLLIBR COUNTY a political s bd visio_n of the State of
Flonda,  its successors  and ass1g• n·i _•'-· ·· hose post· office address 1s 3335 Tam1am1 Trail East,  Ste  101, Naples, Florida, 34112 (herein@.i( rred to as "Grantee"). .
(Wherever used herein the	- '" ·	tor" and "Grantee" include all the parties to this instrument and their

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respective heirs, legal represent&. ,-  e	\i<.Q_essors and as igns;)	-	.	·	.	.	·
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WI1NESSETH: That the GrarttQ     oi,.and in consideration of the sum of Ten Dollars ($10.00) and other valuable consideration, reci		f js hereby acknowledged, hereby grants, bargains, sells, aliens, remises, releases, conveys     ( ,,		s unto the Grantee, all that certain Ian situate in Collier County, Florida, to wit:	\ -- - }'  :-).		.	.

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Lot 12 according to the Plat of City	( \	, rce Park, Phase Three, Replat No. 5, as recorded in Plat Book..i:29...., at Pages   _   ,..  <1.,_l ·  :	Public Records of Collier County,
Fl   "da	, / _ ,, '\..

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on   .	<:,:>-:':-  \

Parcel Identification Number: Pending .	·

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.  TOGETHER  with all the  tenemehts,  hereditamentsi'		,..°"•·_'c....,f,-nances  thereto  belonging  o-r in an se appertaining.·	\		'/_ ·/ .
'	,  .  ·  ( ,  ·     -·":.,:   ' 1.
TO HAVE AND TO HOLD the same in fee simple foreve-. /	· ."' ,,.	· ·.
,       AND the Grantor hereby co enants with said Gt,mtee that the	Ji; lawfully seized f said land in fee simple; that the Granter has good right and lawful authorify    e-· 1,). -.,e'_ij . convey said land; that the Granter hereby fully warrants the title to said land and will defend the ,i ; ' ,' . st the lawful claims
of all persons whomsoever; and that said land is free of all encumbrance_s	; \	above.

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IN WITNESS WHEREOF, the said Granter has signed and sealed these presen	e day and year first aboye written.	·CG   II, LLC,	. .	:		t	.
a Florida limited liability company

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W .	(S"	)	·	,.,..LIE•  c11'1 !'!!Y   CONMISSIOttERS,

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!tness	gnature	,	.-   · ·	.	.	·	RSUANT """' r •   FLORIDA.

(Notary on followi_ng page)	-	,	'""

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The foregoing 1J	\r  as acknowledged before me by means of [ X ]physical presence or [
] onli_ne notarization, this	f May, 2021 by Joseph R. Weber, as Vice President of CG II, LLC,
a Florida limited liability com J WYi ",    ,         behalf of the company, who is [X]  personally know_ n to me or
0
who has ( ] produced	,.,...\	/	·	as identification.	.	. · ·	·

WITNESS my lw,d and official:	IQ	day of May, 2021.

(Notary Seal)	·< <s§: "\-,.:J.:::i;...	..a:...JOUl,£.U    .._C   e::!0  -( 	- 

i

<: , ( S· . ti.ire of Notary Public) ,
\ /I  ' -· ,,'  ' -	Ivc,,

Approved as to form and legality:

Jenn
Assi	ey

CLOSING STATEMENT - 1.75 Acre Parcel

CLO SIN G DATE: May 17, 2021

SELLER: CG II, LLC

BROKER: NIA

BUYER: COLLIER COUNTY

SELLER EIN # 06

1

BUYER SIGNATURE:	Q  .B. 0 f  q 	
Jenn	if	A. Be lpedio	,
Assistant Collier County Attorney

LEGAL DESCRIPTION
SIT: 1\T TJ\CI IED EXIIIB IT A

Purchase P..i;ice ...........
Closing Costs.. Cash at Closing...

$	350.00000

$	59,786.21
$	409,786.21

AD VALOREM PROPERTY TAXES:

CHARGES & EXPENSES
Charge Seller	Charge Buyer

2021 R.E. Taxes Based on 2020 RE Taxes by Tax Collector	$
Gross Amount St .484 . 23 = S4.07 per diem x t37 days

557.59	$	00.00

RECORDING I TITLE.
Indexing Fee	S
Deed (Lot 12) (2 pages)..	$
OGM Affidavit	...... (2 pages)	$
LLC Affidavit/Attorney Affidavit	.. (3 pages)	$
REVENUE & TAXATION:   State Stamps on (Deed)	$
Seller's Attorney Fee........ ....... .. ................... ..	$
Title lnsurance....Title Commitment ($100) & Title Policy ($1825 ) .. $

00.00
18.50
18.50
27.00
2,450.00
1,000.00
00.00

$	00.00
$	00.00
$	00.00
$	00.00
$	00.00
$	0000
$   1,92500

OTHER		
Other (Reimburse Seller - RePlat Costs)	.. $	00.00	$ 35.791.80	
Other (Reimburse - One-Time Landscaping Fee)	. ...$	00.00	$    7,000 .00	
Other (Future Irrigation Pump Station Replacement	)	$	00 00	$    7,500.00	
Other (Reimburse - 1/2 Buffer) ..	. .. ...... .. ... .... $	00.00	$    4.998.98	
Other (Reimburse - Initial Cleanup around Lake)   . .... ...........   ..$	00.00	S 2,250.00

Other (Proration - City Gate COD)	$

00 · 0 0  

     .$	3 20.4 3

TOTA L CHARGES	$	4,071.59	$ 59,786 .21

RECAPITUL.A TION
Gross Cash to Seller...	$	407,861.21	Purchase Price	$	350,000 .00	
Less Charges to Seller....	$	(4,071 59)	Plus Buyer's Charges	$	59,786.2 1	
		Less Deposit.....
	$	00.00	
		Less Deferred Costs.	$	0000	

Net Cash to Seller ....... .... ... ....	 	
$	403,789.62	Less Buyer's Credits	$	00.00	
		Cash to Close	..	. .. . ..	$	409,786 .21	
		Less Title.
Gross Cash to Seller	.x.S_           .  (...,_1=,-9=·2=-=5-0=l0
$	407,861.21	

DISBURSEMENTS		
County Clerk	$	$    2,514.00	
Broker	$	N/A	
Ti tle Agent	$	$	1,925 00	
Seller's Attorney	$	$    1,000 .00	
Tax Collector.	.. S	$	557 .59	
Selle r	. ...... ... .. .. .. . -$	$4 0 3 ..7..,,8=-=. 6-9=2
T OT AL	... .. ......... $	$409 ,786.21

Note: An indexing fee is charged by the Recording Department if there are five (5) or more parties to a document. It will cost $1.00 for each party after four (4) -- the first four (4) parties are free.

)}al)\°'-.,CCA
:  ·,.-,
r .:.t.
.	(	\ ''	\2-

Certification and Estoppel of the
City Gate Community Development District Related to the Levy of the
District's Special Assessments
Subject Property:  Lot	according to the Plat of Commerce Park, Phase Three, Replat No. 5, as recorded in Plat Book	at Pages	through«i., Public Records of Collier County, Florida.

The above referenced property is located within the City Gate Community Development District (the
·'District"). The property IS NOT subject to a special assessment for debt service relating to District Bonds BUT IS subject to a special assessment for operating and maintenance expenses ("O&M Assessment").

The Annual Operations and Maintenance Assessment (O&M Assessment) for the current fiscal year (FY20-21) for the Subject Property is $2,621.67 ($1,498.10 per assessed acre). The O&M Assessment is direct billed in quarterly instalments, $655.42 per quarter for the Subject Property.

Thethird quarter (4/1/21 through 6/30/21) FY20-2l O&M Assessment for the Subject Property has been paid. The per diem is $7.2823.

<ib- <?·

Except as otherwise set forth above with respect to the operations and maintenance assessments, all other District assessments, if any, levied on the Subject Property have been paid.

City Gate Community Development District

Assist7ecretary - Jake Stephens
City Gate Community Development District

Date: May 15, 2021

	
SSONWN LLC	72 .95	$109 , 286 .38	$1,498 .1	
CG II LLC	69 .76	104 ,507.44	$1,498.1	
COWER COUNTY	66 .18	99 ,1 44.25	$1.498.l	
SFWMD	5.07	7,595 .37	$1,498 .1	
	213 .96	$320,533.44	$1,498.1	

BEFORE CLOSING

APPENDIX 1
CITY GATE COMMUNITY DEVELOPMENT DISTRICT FY 2020-2021 GENERAL FUND ASSESSMENTS

Annual Assessment
$350,533 Budget	Quarterly Assessment
$350,533
Budget	

Lot#	

Owner	Acres Net of
FPL
Easement	Percent of Assessed
Acres			
1	850NWN LLC	3.6'1	1.70%	$	5,453.08	$	1,363.27	
2	850 NWN LLC	2.01	0.94%	$	3,011.18	$	752.80	
3	850 NVVN LLC	2.00	0.93"	$	2,996.20	$	749.05	
4	850NWN LLC	2.37	1.11"	$	3,550.50	$	887.62	
Replat 1	SFWMD	5.07	2.37"	$	7,595.37	$	1,898.84	
		4.72"	$	15,115.83	$	3,n 8.96	
5	850 NWN LLC & CG II LLC	10.09				
6	CG II LLC	7.73	3.61"	$	11,58031	$	2,895.08	
7	850NWN LLC	12.1e	5.69%	$	18,246.86	$	4,561.71	
8	850 NVVN LLC	4 .11	1 .92 %	$	6,157.19	$	1,539.30	
		7 .03 %	$	22,531.42	$	5,632.86	
Revised 9	CG II LLC	15.0ol				
Tract B	850 NWN LLC & CG II LLC	18 .2C	8.51%	$	27,265.42	$	6,816.35	
11	850NWN LLC	2.9C	136"	$	4,344.49	$	1,086.12	
12	850 NVVN LLC	2 .0 2	0.94"	$	3,026.16	$	756.54	
13	850NWN LLC	2.0C	0.93"	$	2,996.20	$	749.05	
14	850 N'NN LLC	2.0C	0.93%	$	2,996.20	$	749.05	
15	850NWN LLC	2.01	0.94"	$	3,011.18	$	752.80	
16	850 NVVN LLC	2 .00	0 .93 %	$	2,996.20	$	749.05	
17	850NWN LLC	2.37	1.11%	$	3,550.50	$	887.62	
18	850 NWN LLC	2.62	1.22%	$	3,925.02	$	981.26	
19	850 NWN LLC	2.35	1.10%	$	3,520.53	$	880.13	
20	850 NWNLLC	3.se	1.67%	$	5,363.20	$	1,340.80	
21	850 NWN LLC & CG II LLC	11 .46	536%	$	17,168.U	$	4,292.06	
22	850 NWN LLC & CG II UC	4 .81	2.25%	$	7,205.86	$	1,801.47	
23	CG II LLC	14 .25	6.66%	$	2,1 347.92	$	5,336.98	
24	850 NWN LLC & CG II UC	6 . 32	2 .95 %	$	9,467.99	$	2,367.00	
25	CGII LLC	4.65	2.17%	$	6,966.16	$	1,741.54	
Sports Complex	Collier County	66.18	30.93"	$	99,144.25	$	24,786.06	
	213.91:		100%	$	320,533.44	$	80,133.36	
	
ACRES		
TOTAL ASSESSMENT	
PER ACRE	

EXHIBIT 4

RESOLUTION 2021-1

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE CITY	GATE	COMMUNITY	DEVELOPMENT	DISTRICT APPROVING A PROPOSED BUDGET FOR FISCAL YEAR 2021/2022 AND SETTING A PUBLIC HEARING THEREON PURSUANT TO FLORIDA LAW AND PROVIDING FOR AN EFFECTIVE DATE.

WHEREAS, the District Manager has prepared and submitted to the Board of Supervisors (the “Board”) of the CITY GATE Community Development District (the "Board") a proposed operating budget for Fiscal Year 2021/2022, a copy of which is attached hereto as Exhibit A (the “Proposed Budget”) ; and

WHEREAS, the Board has considered the proposed budget and desires to set the required public hearing thereon.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE CITY GATE COMMUNITY DEVELOPMENT DISTRICT:

The Proposed Budget proposed by the District Manager for Fiscal Year 2021/2022, a copy of which is attached hereto as Exhibit A, is hereby approved and adopted.

A public hearing (the “Public Hearing”) is hereby scheduled for the following date, hour and location for the purpose of receiving public comments on the Proposed Budget:

DATE: Thursday, September 2, 2021

HOUR: 4:30 p.m.

LOCATION: 9010 Strada Stell Court, Suite 207, Naples, Florida 34109. Unless District is mandated to a virtual meeting due to Covid- 19.

The District Manager is hereby directed to submit a copy of the Proposed Budget to Collier County at least 60 days prior to the scheduled Public Hearing set forth above.

Notice of this scheduled Public Hearing shall be published in the manner prescribed in Florida law.

This Resolution shall take effect immediately upon adoption.

PASSED, ADOPTED AND EFFECTIVE THIS 14th DAY OF JUNE, 2021.

ATTEST:	THE CITY GATE COMMUNITY DEVELOPMENT DISTRICT

By:		By: 	

Secretary/Assistant Secretary	Chairperson/Vice Chairperson

EXHIBIT A

CllY GATE COMMUNllY DEVELOPMENT DISTRICT FY 2021-2022 GENERAL FUND ASSESSMENTS

	
Annual Assessment Budget	
Quarterly Assessment Budget	

Lot#	

Owner	Acres Net of
FPL
Easement	Percent of
Assessed Acres			
	1	850 NWN LLC	3.64	1.76%! $	6,085.42 j $	1,521.35	
	2	850 NWN LLC	2 01	0.97%! $	3,360.35 ! $	840.09	
	3	850 NWN LLC	2.00	0.97%; $	3,343.64 j $	835.91	
	4	850 NWN LLC	2.37	1.14%! $------	3,962.21 ! $	990.55	
	Replat 1	SFWMD	507	2.45%! $	8,476.12 ! $	2,119.03	
	5	850 NWN LLC	0.53	0.26%; $	886.06 ! $	221.52	
	5	CG II LLC	9.56	4.61%1 $	15,982.58 I $	3,995.65	
	6	CG II LLC	-	7.73	3.73%1 $	12,923.16 I $	3,230.79	
	eplat NO. 4 Lot 7	City Gate Naples, LLC	15.30	7.38%! $-- -- -- - 25,578.82 ! $	6,394.70	
					
	Replat No. 4 Lot 8	City Gate Naples, LLC	5.92	2.86%1 $	9,897.16 : $	2,474.29	
	Replat No. 4 Lot 9	City Gate Naples, LLC	61.28	29.57%1 $	102,449.02 I $	25,612.26
3. 30  %!   $- -- -- -   11,435.24  ! $	2,858.81	
	Replat No. 5 Lot 10	850 NWN LLC	6.84	6.  44%;    $- -- -- -   22,302.06  I  $	5,575.51	
	Replat No. 5 Lot 10	CG II LLC	13.34	1. 78  %1   $------  	6,169.01 I  $	1,542.25  	
	Replat No. 4 Lot 11	City Gate Naples, LLC	3.69	0.84%!$	2,925.68 ! $	731.42	
	Replat No. 5 Lot 12	Collier County	1.75		
	Sports Complex	Collier County	66.18	31.94%1 $------ 110,640.93 ! $	27,660.23	
	207.21	100%  $	346,417.46   $	86,604.37	

!

EXHIBIT 5

City Gate CDD	
Statement of Activities	
As of 4/30/2021	

General Fund

Revenues

Off-Roll Assessments	
Total Revenues	

$240,400.08	
$240,400.08	

Expenses

POL Insurance	
Engineering	
Audit	
Postage & Shipping	
Copies	
Legal Advertising	
Web Site Maintenance	
Dues, Licenses, and Fees	
Developer Advance Refunding	
Electric	
General Insurance	
Irrigation - Repair	
Landscaping Maintenance & Material	
Streetlights	
Road Repair	
Total Expenses	

$2,363.00	
4,886.25	
1,500.00	
23.58	
3.07	
294.00	
1,300.00	
175.00	
25,000.00	
737.09	
2,888.00	
312.00	
96,325.00	
28,534.25	
51.61	
$164,392.85	

Other Revenues (Expenses) & Gains (Losses)

Total Other Revenues (Expenses) & Gains (Losses)	$0.00	

Change In Net Assets	
$76,007.23	

Net Assets At Beginning Of Year	
$78,620.78	

Net Assets At End Of Year	

$154,628.01	

City Gate CDD	
Budget to Actual	
For the Month Ending 4/30/2021	

	Year To Date			

Actual	
Budget	
Variance	FY 2021
Adopted Budget	

Revenues	
Off-Roll Assessments	
Carry Forward Cash	
Net Revenues	

$240,400.08	$186,977.84	
0.00	17,500.00	
$240,400.08	$204,477.84	

$53,422.24	$320,533.44	
(17,500.00)	30,000.00	
$35,922.24	$350,533.44	

General & Administrative Expenses	
POL Insurance	
Management	
Engineering	
District Counsel	
Audit	
Postage & Shipping	
Copies	
Legal Advertising	
Miscellaneous	
Web Site Maintenance	
Dues, Licenses, and Fees	
Developer Advance Refunding - Loan	
Developer Advance Refunding - Interest	
Electric	
General Insurance	
Irrigation - Repair	
Lake Maintenance	
Landscaping Maintenance & Material	
Contingency	
Sidewalk Cleaning	
Streetlights	
Road Repair	
Total General & Administrative Expenses	

$2,363.00	$0.00	
0.00	11,666.67	
4,886.25	3,500.00	
0.00	583.33	
1,500.00	2,916.67	
23.58	29.17	
3.07	233.33	
294.00	875.00	
0.00	116.67	
1,300.00	1,400.00	
175.00	102.08	
25,000.00	14,583.33	
0.00	2,863.26	
737.09	4,083.33	
2,888.00	3,208.33	
312.00	7,000.00	
0.00	7,000.00	
96,325.00	96,366.67	
0.00	5,833.33	
0.00	3,325.00	
28,534.25	27,125.00	
51.61	11,666.67	
$164,392.85	$204,477.84	

$2,363.00	$0.00	
(11,666.67)	20,000.00	
1,386.25	6,000.00	
(583.33)	1,000.00	
(1,416.67)	5,000.00	
(5.59)	50.00	
(230.26)	400.00	
(581.00)	1,500.00	
(116.67)	200.00	
(100.00)	2,400.00	
72.92	175.00	
10,416.67	25,000.00	
(2,863.26)	4,908.44	
(3,346.24)	7,000.00	
(320.33)	5,500.00	
(6,688.00)	12,000.00	
(7,000.00)	12,000.00	
(41.67)	165,200.00	
(5,833.33)	10,000.00	
(3,325.00)	5,700.00	
1,409.25	46,500.00	
(11,615.06)	20,000.00	
($40,084.99)	$350,533.44	

Total Expenses

Net Income (Loss)

$164,392.85	$204,477.84	($40,084.99)	$350,533.44

$76,007.23	$0.00	$76,007.23	$0.00

  	 

1 of 1

City Gate CDD	
Statement of Financial Position	
As of 4/30/2021	

General Fund

Assets

Current Assets	
General Checking Account	
Deposits	
Total Current Assets	

$160,206.58	
50.00	
$160,256.58	

Total Assets	$160,256.58

Liabilities and Net Assets

Current Liabilities	
Accounts Payable	
Total Current Liabilities	

$5,628.57	
$5,628.57	

Total Liabilities	$5,628.57

Net Assets	
Net Assets, Unrestricted	
Current Year Net Assets, Unrestricted	
Net Assets - General Government	
Current Year Net Assets - General Government	
Total Net Assets	

($93,748.04)	
(25,000.00)	
172,368.82	
101,007.23	
$154,628.01	

Total Liabilities and Net Assets	$160,256.58

EXHIBIT 6

City Gate Community Development District
FINANCIAL STATEMENTS

September 30, 2020

REPORT

Table of Contents

Page

Independent Auditors' Report ........................................................................................	1
FINANCIAL STATEMENTS
Management’s Discussion and Analysis (required supplemental information).............	3
Basic Financial Statements Government‐Wide Financial Statements
Statement of Net Position .......................................................................................	8
Statement of Activities .............................................................................................	9
Fund Financial Statements
Balance Sheet – Governmental Funds......................................................................	10
Reconciliation of the Balance Sheet of Governmental Funds to the Statement
of Net Position ..........................................................................................................	11
Statement of Revenues, Expenditures and Changes in Fund Balances –
Governmental Funds ................................................................................................	12
Reconciliation of the Statement of Revenues, Expenditures and Changes in Fund
Balances of Governmental Funds to the Statement of Activities ............................	13
Notes to Financial Statements ........................................................................................	14
Required Supplemental Information (other than MD&A)
Budget to Actual Comparison Schedule ‐ General Fund .............................................	22
Independent Report on Internal Control Over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance
With Government Auditing Standards............................................................................	23
Management Letter ........................................................................................................	25
Independent Accountants’ Report on Compliance with Section 218.415
Florida Statutes ...............................................................................................................	27

INDEPENDENT AUDITORS' REPORT

To the Board of Supervisors
City Gate Community Development District Collier County, Florida

Report on the Financial Statements

We have audited the accompanying financial statements of the governmental activities and each major fund of City Gate Community Development District (hereinafter referred to as “District”), as of and for the year ended September 30, 2020, and the related notes to the financial statements, which collectively comprise the District’s basic financial statements as listed in the table of contents.

Management’s Responsibility for the Financial Statements

Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.

Auditors' Responsibility

Our responsibility is to express opinions on these financial statements based on our audit. We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditors' judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity’s preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions.

Opinions

In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities and each major fund of the District as of September 30, 2020, and the respective changes in financial position for the year then ended in accordance with accounting principles generally accepted in the United States of America.

Other Matters

Required Supplementary Information

Accounting principles generally accepted in the United States of America require that the management’s discussion and analysis and budgetary comparison information, as listed in the table of contents, be presented to supplement the basic financial statements. Such information, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board, who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management’s responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance.

Other Reporting Required by Government Auditing Standards

In accordance with Government Auditing Standards, we have also issued our report April 19, 2021, on our consideration of the District's internal control over financial reporting and our tests of its compliance with certain provisions of laws, regulations, contracts and grant agreements and other matters. The purpose of that report is solely to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the District’s internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the District’s internal control over financial reporting and compliance.

CARR, RIGGS & INGRAM, LLC

Miramar Beach, Florida April 19, 2021

Management’s Discussion And Analysis

City Gate Community Development District Management’s Discussion and Analysis

Our discussion and analysis of the City Gate Community Development District’s financial performance provides an overview of the District’s financial activities for the fiscal year ended September 30, 2020. Please read it in conjunction with the District’s financial statements, which begin on page 8.

FINANCIAL HIGHLIGHTS

At September 30, 2020, the assets of the District exceeded its liabilities by approximately
$112,000.

During the year ended September 30, 2020, the District reported revenues and expenditures totaling approximately $297,000 and $309,000, respectively.

USING THE ANNUAL REPORT

This annual report consists of a series of financial statements. The Statement of Net Position and the Statement of Activities on pages 8 – 9 provide information about the activities of the District as a whole and present a longer‐term view of the District’s finances. Fund financial statements start on page 10. For governmental activities, these statements tell how these services were financed in the short‐term as well as what remains for future spending. Fund financial statements also report the District’s operations in more detail than the government‐wide statements by providing information about the District’s most significant funds.

Reporting the District as a Whole

Our analysis of the District as a whole begins on page 4. One of the most important questions asked about the District’s finances is, “Is the District as a whole better off or worse off as a result of the year’s activities?” The Statement of Net Position and the Statement of Activities report information about the District as a whole and about its activities in a way that helps answer this question. These statements include all assets and liabilities using the accrual basis of accounting, which is similar to the accounting used by most private‐sector companies. All of the current year’s revenues and expenses are taken into account regardless of when cash is received or paid.

These two statements report the District’s net position and related changes during the current year. You can think of the District’s net position – the difference between assets and liabilities – as one way to measure the District’s financial health, or financial position. Over time, increases or decreases in the District’s net position is one indicator of whether its financial health is improving or deteriorating. You will need to consider other nonfinancial factors; however, such as changes in the District’s assessment base and the condition of the District’s infrastructure, to assess the overall health of the District.

City Gate Community Development District Management’s Discussion and Analysis

Reporting the District’s Most Significant Funds

Our analysis of the District’s major funds begins on page 5. The fund financial statements begin on page 10 and provide detailed information about the most significant funds – not the District as a whole. Some funds are required to be established by State law and by bond covenants. All of the District’s funds are governmental fund‐types.

Governmental funds – All of the District’s basic services are reported in governmental funds, which focus on how money flows into and out of those funds and the balances left at year‐ end that are available for spending. The governmental fund statements provide a detailed short‐term view of the District’s general government operations and the basic services it provides. Governmental fund information helps you determine whether there are more or fewer financial resources that can be spent in the near future to finance the District’s programs.

THE DISTRICT AS A WHOLE

The following table reflects the condensed Statement of Net Position and is compared to the prior year.

September 30,	2020	2019	Change	
Assets
Current and other assets	
$	81,975	
$	61,211	
$	20,764	
Capital assets, net	93,742	20,395	73,347	

Total assets	
$	
175,717	
$	
81,606	
$	
94,111	

Liabilities
Current liabilities	$	33,354	$	2,865	$	30,489	
Other liabilities	30,000	52,698	(22,698)	
Total liabilities	63,354	55,563	7,791	

Net position				
Net investment in capital assets		33,742		‐		33,742	
Unrestricted		78,621		26,043		52,578	
Total net position		112,363		26,043		52,578	

Total liabilities and net position	
$	
175,717	
$	
81,606	
$	
60,369	

For more detailed information, see the accompanying Statement of Net Position.

During fiscal year ended September 30, 2020, total assets and liabilities increased by approximately
$94,000 and $8,000, respectively. The increase in both is primarily related to an increased level of activity in the District and the excess of revenues over expenses in the current year.

City Gate Community Development District Management’s Discussion and Analysis

The following schedule compares the Statement of Activities for the current and previous fiscal year.

For the year ended September 30,	2020	2019	Change	
Revenues:
Program revenues:
Charges for services	

$	297,301	

$	140,000	

$	157,301	
Total revenues	297,301	140,000	157,301	

Expenses:
General government	

35,533	

125,991	

(90,458)	
Maintenance and operations	148,448	‐	148,448	
Developer refund	27,000	‐	27,000	

Total expenses	
210,981	
125,991	
84,990	

Change in net position	
86,320	
14,009	
72,311	
Net position, beginning of year	26,043	12,034	14,009	

Net position, ending of year	
$	112,363	
$	26,043	
$	86,320	

For more detailed information, see the accompanying Statement of Activities.

Revenues increased over the prior year by approximately $157,000 and expenses increased over the prior year by approximately $85,000. Revenues increased due to an increase in budgeted assessments. The increase in expenses occurred primarily due to budgeted maintenance projects in the current year. The overall result was an $86,320 increase in net position for fiscal year 2020.

THE DISTRICT’S FUNDS

As the District completed the year, its governmental funds (as presented in the balance sheet on page 10) reported a combined fund balance of approximately $79,000 which is an increase over last year’s balance that totaled $58,000. The only significant activity in 2020 was the infrastructure project that began in the prior year, collection of assessments and payment of certain administrative expenditures to maintain minimum operations.

During the fiscal year ended September 30, 2020, the District incurred capital outlay expenditures of approximately $76,000, which was partially funded by a developer advance refunding totaling approximately $32,000.

City Gate Community Development District Management’s Discussion and Analysis

CAPITAL ASSET AND DEBT ADMINISTRATION

Capital Assets

At September 30, 2020, the District had approximately $96,000 invested in capital assets. This amount represents an increase of approximately $76,000 over the fiscal year 2019 total.

A listing of capital assets by major category for the current and prior year follows:

September 30,	2020	2019	Change	

Capital assets not being depreciated	
$	‐	
$	20,395	
$	(20,395)	
Capital assets being depreciated	96,146	‐	96,146	

Total, prior to depreciation	
96,146	
20,395	
75,751	
Accumulated depreciation	2,404	‐	2,404	

Net capital assets	
$	93,742	
$	20,395	
$	73,347	

More information about the District’s capital assets is presented in Note 3 to the financial statements.

Debt

At September 30, 2020, the District had approximately $60,000 of debt outstanding. A listing of debt amounts outstanding for the current and prior year is as follows:
September 30,	2020	2019	Change

Notes payable

$	60,000	$

52,698	$

7,302

More information about the District’s long‐term debt is presented in Note 4 to the financial statements.

GOVERNMENTAL FUNDS BUDGETARY HIGHLIGHTS

An Operating budget was established by the governing board for the District pursuant to the requirements of Florida Statutes. The budget to actual comparison for the General Fund, including the original budget and final adopted budget, is shown at page 22.

The District experienced a favorable excess of $85,023, as compared to the budget. The variance in expenditures occurred primarily due to less maintenance and operations expenses incurred than anticipated.

City Gate Community Development District Management’s Discussion and Analysis

FUTURE FINANCIAL FACTORS

City Gate Community Development District is an independent special district that operates under the provisions of Chapter 190, Florida Statutes. The District operates under an elected Board of Supervisors, which establishes policy and sets assessment rates. Assessments are anticipated for fiscal year 2021 to provide for the operations of the District.

CONTACTING THE DISTRICT’S FINANCIAL MANAGEMENT

This financial report is designed to provide a general overview of the District’s finances. If you have questions about this report or need additional financial information, contact the City Gate Community Development District’s management company at 12051 Corporate Blvd, Orlando, Florida 32817.

Basic Financial Statements

City Gate Community Development District
Statement of Net Position

September 30,	2020	
	Governmental	
	Activities	
Assets
Cash and cash equivalents	
$	76,674	
Deposits	50	
Prepaid expenses	5,251	
Capital assets:
Depreciable, net	
93,742	

Total assets	
175,717	

Liabilities
Accounts payable	

3,354	
Non‐current liabilities:
Due within one year	
30,000	
Due in more than one year	30,000	

Total liabilities	
63,354	

Net Position
Invested in capital assets, net of related debt	33,742
Unrestricted	78,621

Total net position	$	112,363

The accompanying notes are an integral part of these financial statements.

City Gate Community Development District
Statement of Activities

For the year ended September 30,			2020		

Program Revenues			Net (Expense)
Revenue and Changes in Net Position	
		
Charges for	Operating Grants and	Capital Grants and		
Governmental	
Functions/Programs	Expenses	Services	Contributions	Contributions		Activities	
Primary government:
Governmental activities: General government	

$	(35,533)	

$	58,179	

$	‐	

$	

‐	

$	22,646	
Maintenance and operations	(148,448)	239,122	‐		‐	90,674	
Developer refund	(27,000)	‐	‐			(27,000)	

Total governmental activities	
$	(210,981)	
$	297,301	
$	‐	
$	
‐	
86,320	

Net position ‐ beginning of year	26,043

Net position ‐ end of year	$	112,363

The accompanying notes are an integral part of these financial statements.
‐ 9 ‐

City Gate Community Development District Balance Sheet – Governmental Funds

September 30,		2020		
			Total	
			Governmental	
	General Fund	Capital Projects	Funds	
Assets
Cash and cash equivalents	
$	76,674	
$	‐	
$	76,674	
Deposits	50	‐	50	
Prepaid expenditures	5,251	‐	5,251	

Total assets	
$	81,975	
$	‐	
$	81,975	

Liabilities and Fund Balance
Liabilities
Accounts payable	

$	3,354	

$	‐	

$	3,354	
Total liabilities	3,354	‐	3,354	

Fund balances Unassigned	

78,621	

‐	

78,621	
Total fund balances	78,621	‐	78,621	

Total liabilities and fund balances	
$	81,975	
$	‐	
$	81,975	

City Gate Community Development District Reconciliation of the Balance Sheet of Governmental Funds to the Statement of
Net Position

September 30,	2020	

Total fund balances, governmental funds	
$	78,621	
Capital assets used in governmental activities are not financial resources and therefore are not reported in the fund financial statements.	
93,742	
Liabilities not due and payable from current resources, including accrued interest, are not reported in the fund level statements.	
(60,000)	

Total net position ‐ governmental activities	
$	112,363	

City Gate Community Development District Statement of Revenues, Expenditures and Changes in Fund Balances –
Governmental Funds

For the year ended September 30,		2020		
			Total	
			Governmental	
	General Fund	Capital Projects	Funds	
Revenues
Assessments	
$	297,301	
$	‐	
$	297,301	
Total revenues	297,301	‐	297,301	

Expenditures
Current:

General government	35,533		654	36,187	
Maintenance and operations	145,390		‐	145,390	
Debt service	‐		25,000	25,000	
Capital outlay	2,355		73,396	75,751	
Developer refund	27,000		‐	27,000	
Total expenditures	210,278		99,050	309,328	

Excess (deficit) of revenues over expenditures	
87,023		
(99,050)	
(12,027)	

Other Financing Sources (Uses)
Transfers in	

‐		

66,748	

66,748	
Transfers out	(66,748)		‐	(66,748)	
Developer advance refunding	‐		32,302	32,302	
Total other financing sources (uses)	(66,748)		99,050	32,302	

Net change in fund balances	
20,275		
‐	
20,275	
Fund balances, beginning of year	58,346		‐	58,346	

Fund balances, end of year	
$	78,621	
$	
‐	
$	78,621	

City Gate Community Development District Reconciliation of the Statement of Revenues, Expenditures and Changes in Fund Balances of Governmental Funds to the Statement of Activities

For the year ended September 30,	2020	
Net change in fund balances ‐ governmental funds	$	20,275	
Capital outlay, reported as expenditures in the governmental funds, is shown as		
capital assets on the Statement of Net Assets.	75,751	

Proceeds on notes payable which are reported as other financing sources in the		
governmental funds, but impact liability balances in the Statement of Net Position.	(32,302)	
Governmental funds report principal payments on bonds when debt is paid,		
whereas these payments are eliminated in the Statement of Activities and
recognized as a decrease in bonds payable in the Statement of Net Assets.	
25,000	
Change in net position of governmental activities	$	86,320	

City Gate Community Development District
Notes to Financial Statements

NOTE 1: NATURE OF ORGANIZATION

The City Gate Community Development District (the “District”) was established on December 1, 2009 pursuant to the Uniform Community Development District Act of 1980, otherwise known as Chapter 190, Florida Statutes, by Collier County Ordinance No. 09‐68. The Act provides, among other things, the power to manage basic services for community development, power to borrow money and issue bonds, and to levy and assess non‐ad valorem assessments for the financing and delivery of capital infrastructure.

The District was established for the purposes of financing and managing the acquisition, construction, maintenance, and operation of a portion of the infrastructure necessary for community development within the District. The District has not commenced any significant infrastructure activity as of the date of this report.

The District is governed by a Board of Supervisors (“Board”), which is comprised of five members. The Supervisors are elected on an at large basis by the owners of the property within the District. Certain supervisors are affiliated with 850 NWN, LLC (the "Developer"). The Board of Supervisors of the District exercise all powers granted to the District pursuant to Chapter 190, Florida Statutes.

The Board has the final responsibility for:
Assessing and levying assessments.
Approving budgets.
Exercising control over facilities and properties.
Controlling the use of funds generated by the District.
Approving the hiring and firing of key personnel.
Financing improvements.

In evaluating how to define the government, for financial reporting purposes, management has considered all potential component units. The decision to include or exclude a potential component unit in the reporting entity was made by applying the criteria set forth by Generally Accepted Accounting Principles (GAAP) as defined by the Governmental Accounting Standards Board (GASB). Based on the criteria identified therein, no potential component units were found.

NOTE 2: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

The accounting policies of the District conform to GAAP as applicable to governments in accordance with those promulgated by GASB. The following is a summary of the more significant policies:

Government‐wide and Fund Financial Statements

The basic financial statements include both government‐wide and fund financial statements.

The government‐wide financial statements (i.e., the Statement of Net Position and the Statement of Activities) report information on all the non‐fiduciary activities of the primary government.

City Gate Community Development District
Notes to Financial Statements

NOTE 2: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

Governmental activities, which normally are supported by assessments, are reported separately from business‐type activities, which rely to a significant extent on fees and charges for support. The business‐type activities are reported separately in government‐wide financial statements; however, at September 30, 2020, the District did not have any significant business‐type activities. Therefore, no business‐type activities are reported. Assessments and other items not properly included as program revenues (i.e., charges to customers or applicants who purchase, use, or directly benefit from goods or services) are reported as general revenues.

Separate financial statements are provided for governmental funds. Major individual governmental funds are reported as separate columns in the fund financial statements.

Measurement Focus, Basis of Accounting and Basis of Presentation

The government‐wide financial statements are reported using the economic resources measurement focus and the accrual basis of accounting. Revenues are recorded when earned and expenses are recorded when a liability is incurred, regardless of the timing of the related cash flows. Assessments are recognized as revenues in the year for which they are levied. Grants and other similar items are to be recognized as revenue as soon as all eligibility requirements imposed by the provider have been met.

Governmental fund financial statements are reported using the current financial resources measurement focus and the modified accrual basis of accounting. Revenues are recognized as soon as they are both measurable and available. Revenues are considered to be available when they are collectible within the current period or soon enough thereafter to pay liabilities of the current period. For this purpose, the District considers revenues to be available if they are collected within 60 days of the end of the current fiscal period. Expenditures generally are recorded when a liability is incurred, as under accrual accounting. However, debt service expenditures are recorded only when payment is due.

Assessments and interest associated with the current fiscal period are all considered to be susceptible to accrual and have been recognized as revenues of the current fiscal period. All other revenue items are considered to be measurable and available only when cash is received by the District.

The District reports the following major governmental funds:

General Fund – The General Fund is the primary operating fund of the District. It is used to account for all financial resources except those required to be accounted for in other funds.

Capital Projects Fund – The Capital Projects Fund is used to account for the financial resources to be used in the acquisition of construction of major infrastructure within the District.

For the year ended September 30, 2020, the District does not report any proprietary funds.

City Gate Community Development District
Notes to Financial Statements

NOTE 2: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

As a general rule, the effect of interfund activity has been eliminated from the government‐wide financial statements.

When both restricted and unrestricted resources are available for use, it is the District’s policy to use restricted resources first, then unrestricted resources as they are needed. When committed, assigned, or unassigned resources are available for use in the governmental fund financial statements, it is the government’s policy to use committed resources first, followed by assigned resources, then unassigned resources as needed.

Cash, Deposits and Investments

The District maintains deposits with "Qualified Public Depositories" as defined in Chapter 280, Florida Statutes. All Qualified Public Depositories must place with the Treasurer of the State of Florida securities in accordance with collateral requirements determined by the State’s Chief Financial Officer. In the event of default by a Qualified Public Depository, the State Treasurer will pay public depositors all losses. Losses in excess of insurance and collateral will be paid through assessments between all Qualified Public Depositories.

Under this method, all the District's deposits are fully insured or collateralized at the highest level of security as defined by GASB, Statement Number 40, Deposits and Investment Disclosures (An Amendment of GASB, Statement Number 3).

The District is authorized to invest in financial instruments as established by Section 218.415, Florida Statutes. The authorized investments include among others negotiable direct or indirect obligations which are secured by the United States Government; the Local Government Surplus Trust Funds as created by Section 218.405, Florida Statutes; SEC registered money market funds with the highest credit quality rating from a nationally recognized rating agency; and interest‐bearing time deposits or savings accounts in authorized financial institutions.

Capital Assets

Capital assets, which include primarily infrastructure assets (e.g., roads, sidewalks, water management systems and similar items), are reported in the governmental activities column in the government‐wide financial statements. Capital assets are defined by the District as assets with an initial/individual cost of more than $5,000 and an estimated useful life in excess of two years. Such assets are recorded at historical cost and estimated historical cost if purchased or constructed. Donated assets are recorded at estimated fair market value at the date of donation.

The costs of normal maintenance and repairs that do not add to the value of the asset or materially extend asset lives are not capitalized. Major outlays for capital assets and improvements are capitalized as projects are constructed.

City Gate Community Development District
Notes to Financial Statements

NOTE 2: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

Property, plant and equipment of the primary government are depreciated using the straight‐line method over the estimated useful lives. Estimated useful lives for financial reporting purposes are as follows: Infrastructure: 25 years.

In the governmental fund financial statements, amounts incurred for the acquisition of capital assets are reported as fund expenditures. Depreciation expense is not reported in the governmental fund financial statements.

Long‐Term Obligations

In the government‐wide financial statements, long‐term debt and other long‐term obligations are reported as liabilities in the Statement of Net Position. Bond premiums and discounts are deferred and amortized over the life of the bonds using the straight‐line or effective interest method. Bonds payable are reported net of these premiums or discounts. Issuance costs, whether or not withheld from the actual debt proceeds received, are reported as current period expenses.

In the fund financial statements, governmental fund types recognize bond premiums and discounts during the current period. The face amount of the debt issued is reported as other financing sources. Premiums received on debt issuances are reported as other financing sources while discounts on debt issuances are reported as other financing uses. Issuance costs, whether or not withheld from the actual debt proceeds received, are reported as debt service expenditures.

Deferred Outflows/Inflows of Resources

In addition to assets, the Statement of Net Position and Balance Sheet – Governmental Funds will sometimes include a separate section for deferred outflows of resources.

This separate financial statement element, deferred outflows of resources, represents a consumption of net position that applies to a future period(s) and so will not be recognized as an outflow of resources (expense/expenditure) until then. The District does not have any of this type of item at September 30, 2020.

In addition to liabilities, the Statement of Net Position and Balance Sheet – Governmental Funds will sometimes report a separate section for deferred inflows of resources. This separate financial statement element, deferred inflows of resources, represents an acquisition of net position that applies to a future period(s) and so will not be recognized as an inflow of resources (revenue) until that time. The District does not have any of this type of item at September 30, 2020.

Estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the U.S. requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, actual results could differ from those estimates.

City Gate Community Development District
Notes to Financial Statements

NOTE 2: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

Fund Equity

Net position in the government‐wide financial statements is categorized as net investment in capital assets, restricted or unrestricted. Net investment in capital assets represents net position related to infrastructure and property, plant and equipment, net of any related debt. Restricted net position represents net position restricted by outside entities. At September 30, 2020, all of the District’s net position is classified as unrestricted.

Governmental fund equity is classified as fund balance. Fund balance is further classified as nonspendable, restricted, committed, assigned, or unassigned. Nonspendable fund balance cannot be spent because of its form. Restricted fund balance has limitations imposed by creditors, grantors, or contributors or by enabling legislation or constitutional provisions. Committed fund balance is a limitation imposed by the District board through approval of resolutions. Assigned fund balance is a limitation imposed by a designee of the District board. Unassigned fund balance in the General Fund is the net resources in excess of what can be properly classified in one of the above four categories. Negative unassigned fund balance in other governmental funds represents excess expenditures incurred over the amounts restricted, committed, or assigned to those purposes.

Budgets

The District is required to establish a budgetary system and an approved annual budget. Annual budgets are legally adopted on a basis consistent with GAAP for the General Fund. Any revision to the budget must be approved by the District Board. The budgets are compared to actual expenditures. In instances where budget appropriations and estimated revenues have been revised during the year, budget data presented in the financial statements represent final authorization amounts.

During the year‐end September 30, 2020, general fund expenditures exceeded budgeted amounts largely as a result of unbudgeted capital outlay expenditures.

The District follows these procedures in establishing the budgetary data reflected in the financial statements:

Each year the District Manager submits to the District Board a proposed operating budget for the fiscal year commencing the following October 1.
A public hearing is conducted to obtain comments.
Prior to October 1, the budget is legally adopted by the District Board.
All budget changes must be approved by the District Board.
Budgets are adopted on a basis consistent with accounting principles generally accepted in the United States of America.

City Gate Community Development District
Notes to Financial Statements

NOTE 2: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

Subsequent Events

Management has evaluated subsequent events through the date that the financial statements were available to be issued, April 19, 2021. See Note 9 for relevant disclosure. No subsequent events occurring after this date have been evaluated for inclusion in these consolidated financial statements.

NOTE 3: CAPITAL ASSETS

The following is a summary of changes in the capital assets of the year ended September 30, 2020:

	Beginning
Balance	
Additions	
Subtractions	Ending
Balance	
Governmental Activities:
Capital assets being depreciated
Infrastructure	

$	20,395	

$	75,752	

$	‐	

$	96,147	
Total capital assets, being depreciated	20,395	75,752	‐	96,147	

Less accumulated depreciation
Infrastructure	

‐	

2,404	

‐	

2,404	
Total accumulated depreciation	‐	2,404	‐	2,404	

Total capital assets, being depreciated, net	
20,395	
73,348	
‐	
93,743	

Governmental activities capital assets, net	
$	20,395	
$	73,348	
$	‐	
$	93,743	

NOTE 4: NOTES PAYABLE

In June 2019, the Developer agreed to lend funds for the construction and installation of two entry monuments signs for the District. The Developer is disbursing the note payable in three installments. The final installment was disbursed prior to September 30, 2020. In connection with the note payable, the District agreed to repay the Developer over the next three fiscal years in installment payments bearing interest at Prime + 1%.

City Gate Community Development District
Notes to Financial Statements

NOTE 4: NOTES PAYABLE (Continued)

Notes payable activity for the year ended September 30, 2020, was as follows:

Governmental Activities

Beginning
Balance	Additions	Reductions

Ending Balance

Due Within One Year

Notes Payable	$	52,698	$	32,302	$	(25,000)	$	60,000	$	30,000	

$	52,698	
$	32,302	
$	(25,000)	
$	60,000	
$	30,000	

At September 30, 2020, the scheduled debt service requirements on notes payable were as follows:

For the year ending September 30,	Principal	Interest	Total

2021	$	60,000	$	2,550	$	62,550	

$	60,000	
$	2,550	
$	62,550	

NOTE 5: RISK MANAGEMENT

The District is exposed to various risks of loss related to torts; theft of, damage to, and destruction of assets; errors and omissions; and natural disasters. The District maintains commercial insurance coverage to mitigate the risk of loss. Coverage may not extend to all situations. Management believes such coverage is sufficient to preclude any significant uninsured losses to the District. Settled claims have not exceeded this commercial coverage in the previous three years.

NOTE 6: MANAGEMENT COMPANY

The District has contracted with a management company to perform management advisory services, which include financial and accounting advisory services. Certain employees of the management company also serve as officers (Board appointed non‐voting positions) of the District. Under the agreement, the District compensates the management company for management, accounting, financial reporting, and other administrative costs.

NOTE 7: RELATED PARTY TRANSACTIONS

A significant portion of the District’s activity is dependent upon the continued involvement of the Developer, 850 NWN, LLC, the loss of which could have a material adverse effect on the District’s operations.

City Gate Community Development District
Notes to Financial Statements

NOTE 7: RELATED PARTY TRANSACTIONS (Continued)

During the year ended September 30, 2020, the District directly assessed the Developer $297,301 for operations and maintenance on property owned within the District’s boundaries. In addition, as discussed further in Note 4, the Developer agreed to fund the construction and installation of certain infrastructure. In connection with the agreement the Developer remitted approximately $53,000 in notes payable.

NOTE 8: UNCERTAINTY

In March 2020, the World Health Organization made the assessment that the outbreak of a novel coronavirus (COVID‐19) can be characterized as a pandemic. As a result, uncertainties have arisen that may have a significant negative impact on the operating activities and results of the District. The occurrence and extent of such an impact will depend on future developments, including (i) the duration and spread of the virus, (ii) government quarantine measures, (iii) voluntary and precautionary restrictions on travel or meetings, (iv) the effects on the financial markets, and (v) the effects on the economy overall, all of which are uncertain.

NOTE 9: SUBSEQUENT EVENT

Subsequent to year‐end, certain tracts of land within the District were acquired by a third‐party entity with the intention of constructing a new regional distribution facility. As part of this construction project, the purchaser will be expanding certain lake properties within the District and will be contributing these lake expansion properties (approximately 6 acres) to the District after the project is completed. The District anticipates this transfer to take place in late September 2021.

Required Supplemental Information (Other Than MD&A)

City Gate Community Development District Budget to Actual Comparison Schedule – General Fund

For the year ended September 30,		2020		
	Original and		Variance with	
	Final Budget	Actual Amounts	Final Budget	
Revenues				
Assessments	$	297,300	$	297,301	$	1	
Total revenues	297,300	297,301	1	

Expenditures				
General government	35,300	35,533	(233)	
Maintenance and operations	235,000	145,390	89,610	
Capital outlay	25,000	2,355	22,645	
Developer refund	-	27,000	(27,000)	
Total expenditures	295,300	210,278	85,022	

Excess of revenues over expenditures	
$	2,000	
$	87,023	
$	85,023	

INDEPENDENT AUDITORS’ REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND ON COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS

To the Board of Supervisors
City Gate Community Development District Collier County, Florida

We have audited, in accordance with the auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States, the financial statements of the governmental activities and each major fund of City Gate Community Development District (hereinafter referred to as the “District”), as of and for the year ended September 30, 2020, and the related notes to the financial statements, which collectively comprise the District’s basic financial statements, and have issued our report thereon dated April 19, 2021.

Internal Control Over Financial Reporting

In planning and performing our audit of the financial statements, we considered the District’s internal control over financial reporting (internal control) to determine the audit procedures that are appropriate in the circumstances for the purpose of expressing our opinions on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of the District’s internal control. Accordingly, we do not express an opinion on the effectiveness of the District’s internal control.

A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct, misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control, such that there is a reasonable possibility that a material misstatement of the entity’s financial statements will not be prevented, or detected and corrected on a timely basis. A significant deficiency is a deficiency, or combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance.

Our consideration of internal control was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control that might be material weaknesses or significant deficiencies. Given these limitations, during our audit we did not identify any deficiencies in internal control that we consider to be material weaknesses. However, material weaknesses may exist that have not been identified.

Compliance and Other Matters

As part of obtaining reasonable assurance about whether the District’s financial statements are free from material misstatement, we performed tests of its compliance with certain provisions of laws regulations, contracts, and grant agreements, noncompliance with which could have a direct and material effect on the determination of financial statement amounts. However, providing an opinion on compliance with those provisions was not an objective of our audit, and accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards.

Purpose of this Report

The purpose of this report is solely to describe the scope of our testing of internal control and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the District’s internal control or on compliance. This report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the District’s internal control and compliance. Accordingly, this communication is not suitable for any other purpose.

CARR, RIGGS & INGRAM, LLC

Miramar Beach, Florida April 19, 2021

MANAGEMENT LETTER

To the Board of Supervisors
City Gate Community Development District Collier County, Florida

Report on the Financial Statements

We have audited the financial statements of City Gate Community Development District (“District”) as of and for the fiscal year ended September 30, 2020, and have issued our report thereon dated April 19, 2021.

Auditors' Responsibility

We conducted our audit in accordance with auditing standards generally accepted in the United States of America; the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States; and Chapter 10.550, Rules of the Auditor General.

Other Reports and Schedule

We have issued our Independent Auditors’ Report on Internal Control over Financial Reporting and Compliance and Other Matters Based on an Audit of the Financial Statements Performed in Accordance with Government Auditing Standards; and Independent Accountants’ Report on an examination conducted in accordance with AICPA Professional Standards, AT‐C Section 315, regarding compliance requirements in accordance with Chapter 10.550, Rules of the Auditor General. Disclosures in those reports, which are dated April 19, 2021 should be considered in conjunction with this management letter.

Prior Audit Findings

Section 10.554(1)(i)1., Rules of the Auditor General, requires that we determine whether or not corrective actions have been taken to address findings and recommendations made in the preceding annual financial audit report. There were no findings or recommendations made in the preceding annual audit report.

Official Title and Legal Authority

Section 10.554(1)(i)4., Rules of the Auditor General, requires that the name or official title and legal authority for the primary government and each component unit of the reporting entity be disclosed in this management letter, unless disclosed in the notes to the financial statements. The information required is disclosed in the notes to the financial statements.

Financial Condition and Management

Section 10.554(1)(i)5.a. and 10.556(7), Rules of the Auditor General, require us to communicate whether or not the District has met one or more of the conditions described in Section 218.503(1), Florida Statutes, and identification of the specific condition(s) met. In connection with our audit, we determined that the District did not meet any of the conditions described in Section 218.503(1), Florida Statutes.

Pursuant to Sections 10.554(1)(i)5.c. and 10.556(8), Rules of the Auditor General, we applied financial condition assessment procedures for the District. It is management’s responsibility to monitor the District’s financial condition, and our financial condition assessment was based in part on representations made by management and the review of financial information provided by same.

Section 10.554(1)(i)2., Rules of the Auditor General, requires that we communicate any recommendations to improve financial management. In connection with our audit, we did not have any such recommendations.

Additional Matters

Section 10.554(1)(i)3., Rules of the Auditor General, requires us to communicate noncompliance with provisions of contracts or grant agreements, or abuse, that have occurred, or are likely to have occurred, that have an effect on the financial statements that is less than material but which warrants the attention of those charged with governance. In connection with our audit, we did not have any such findings.

Purpose of this Letter

Our management letter is intended solely for the information and use of the Legislative Auditing Committee, members of the Florida Senate and the Florida House of Representatives, the Florida Auditor General, Federal and other granting agencies, the Board of Supervisors, and applicable management, and is not intended to be and should not be used by anyone other than these specified parties.

CARR, RIGGS & INGRAM, LLC

Miramar Beach, Florida April 19, 2021

INDEPENDENT ACCOUNTANTS’ REPORT

To the Board of Supervisors
City Gate Community Development District Collier County, Florida

We have examined City Gate Community Development District’s compliance with the requirements of Section 218.415, Florida Statutes, Local Government Investment Policies, during the year ended September 30, 2020. Management of the District is responsible for the District’s compliance with the specified requirements. Our responsibility is to express an opinion on the District’s compliance with the specified requirements based on our examination.

Our examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants. Those standards require that we plan and perform the examination to obtain reasonable assurance about whether the District complied, in all material respects, with the specified requirements referenced above. An examination involves performing procedures to obtain evidence about whether the District complied with the specified requirements. The nature, timing, and extent of the procedures selected depend on our judgment, including an assessment of the risks of material noncompliance, whether due to fraud or error. We believe that the evidence we obtained is sufficient and appropriate to provide a reasonable basis for our opinion.

Our examination does not provide a legal determination on the District’s compliance with specified requirements.

In our opinion, the District complied, in all material respects, with the aforementioned requirements for the year ended September 30, 2020.

This report is intended solely for the information and use of management and the State of Florida Auditor General and is not intended to be and should not be used by anyone other than these specified parties.

CARR, RIGGS & INGRAM, LLC

Miramar Beach, Florida April 19, 2021

City Gate Community Development District

April 19, 2021

Carr, Riggs & Ingram, LLC
500 Grand Boulevard, Suite 210 Miramar Beach, Florida 32550

This representation letter is provided in connection with your audit of the financial statements of City Gate Community Development District, which comprise the respective financial position of the governmental activities and each major fund as of September 30, 2020, and the respective changes in financial position for the year then ended, and the related notes to the financial statements, for the purpose of expressing opinions as to whether the financial statements are presented fairly, in all material respects, in accordance with accounting principles generally accepted in the United States of America (U.S. GAAP).

Certain representations in this letter are described as being limited to matters that are material. Items are considered material, regardless of size, if they involve an omission or misstatement of accounting information that, in light of surrounding circumstances, makes it probable that the judgment of a reasonable person relying on the information would be changed or influenced by the omission or misstatement. An omission or misstatement that is monetarily small in amount could be considered material as a result of qualitative factors.

We confirm, to the best of our knowledge and belief, the following representations made to you during your audit.

Financial Statements
We have fulfilled our responsibilities, as set out in the terms of the audit engagement letter dated October 26, 2020, including our responsibility for the preparation and fair presentation of the financial statements in accordance with U.S. GAAP.
The financial statements referred to above are fairly presented in conformity with U.S. GAAP and include all properly classified funds and other financial information of the primary government and all component units required by generally accepted accounting principles to be included in the financial reporting entity.
We acknowledge our responsibility for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.
We acknowledge our responsibility for the design, implementation, and maintenance of internal control to prevent and detect fraud.
Significant assumptions we used in making accounting estimates are reasonable.
Related party relationships and transactions, including revenues, expenditures/expenses, loans, transfers, leasing arrangements, and guarantees, and amounts receivable from or payable to related parties have been appropriately accounted for and disclosed in accordance with U.S. GAAP.

Adjustments or disclosures have been made for all events, including instances of noncompliance, subsequent to the date of the financial statements that would require adjustment to or disclosure in the financial statements.
We are in agreement with the adjusting journal entries you have proposed, and they have been posted to the accounts.
The effects of all known actual or possible litigation, claims, and assessments have been accounted for and disclosed in accordance with U.S. GAAP.
Guarantees, whether written or oral, under which the District is contingently liable, if any, have been properly recorded or disclosed.

Information Provided
We have provided you with:
Access to all information, of which we are aware, that is relevant to the preparation and fair presentation of the financial statements, such as records, documentation, and other matters.
Additional information that you have requested from us for the purpose of the audit.
Unrestricted access to persons within the District from whom you determined it necessary to obtain audit evidence.
Minutes of the meetings of the Board of Supervisors or summaries of actions of recent meetings for which minutes have not yet been prepared.
All material transactions have been recorded in the accounting records and are reflected in the financial statements.
We have disclosed to you the results of our assessment of the risk that the financial statements may be materially misstated as a result of fraud.
We have no knowledge of any fraud or suspected fraud that affects the District and involves—
Management,
Employees who have significant roles in internal control, or
Others where the fraud could have a material effect on the financial statements.
We have no knowledge of any allegations of fraud or suspected fraud affecting the District’s financial statements communicated by employees, former employees, regulators, or others.
We have no knowledge of instances of noncompliance or suspected noncompliance with provisions of laws, regulations, contracts, or grant agreements, or abuse, whose effects should be considered when preparing financial statements.
We have disclosed to you all known actual or possible litigation, claims, and assessments whose effects should be considered when preparing eth financial statements.
We have disclosed to you the identity of the District’s related parties and all the related party relationships and transactions of which we are aware.

Government‐specific
There have been no communications from regulatory agencies concerning noncompliance with, or deficiencies in, financial reporting practices.
We have identified to you any previous audits, attestation engagements, and other studies related to the audit objectives and whether related recommendations have been implemented.
The District has no plans or intentions that may materially affect the carrying value or classification of assets, liabilities, or equity.
We are responsible for compliance with the laws, regulations, and provisions of contracts and grant agreements applicable to us, including tax or debt limits and debt contracts, and legal and contractual provisions for reporting specific activities in separate funds.

We have identified and disclosed to you all instances that have occurred or are likely to have occurred, of fraud and noncompliance with provisions of laws and regulations that we believe have a material effect on the financial statements or other financial data significant to the audit objectives, and any other instances that warrant the attention of those charged with governance.
We have identified and disclosed to you all instances, which have occurred or are likely to have occurred, of noncompliance with provisions of contracts and grant agreements that we believe have a material effect on the determination of financial statement amounts or other financial data significant to the audit objectives.
We have identified and disclosed to you all instances that have occurred or are likely to have occurred, of abuse that could be quantitatively or qualitatively material to the financial statements or other financial data significant to the audit objectives.
There are no violations or possible violations of budget ordinances, laws and regulations (including those pertaining to adopting, approving, and amending budgets), provisions of contracts and grant agreements, tax or debt limits, and any related debt covenants whose effects should be considered for disclosure in the financial statements, or as a basis for recording a loss contingency, or for reporting on noncompliance.
As part of your audit, you assisted with preparation of the financial statements and related notes. We acknowledge our responsibility as it relates to those nonaudit services, including that we assume all management responsibilities; oversee the services by designating an individual, preferably within senior management, who possesses suitable skill, knowledge, or experience; evaluate the adequacy and results of the services performed; and accept responsibility for the results of the services. We have reviewed, approved, and accepted responsibility for those financial statements and related notes.
In regard to the financial statement preparation services performed by you, we have—
Assumed all management responsibilities.
Designated Amanda Lane, who has suitable skill, knowledge, or experience to oversee the services.
Evaluated the adequacy and results of the services performed.
Accepted responsibility for the results of the services.
The District has satisfactory title to all owned assets, and there are no liens or encumbrances on such assets nor has any asset been pledged as collateral.
The District has complied with all aspects of contractual agreements that would have a material effect on the financial statements in the event of noncompliance.
The financial statements include all component units as well as joint ventures with an equity interest, and properly disclose all other joint ventures and other related organizations.
The financial statements properly classify all funds and activities in accordance with GASB Statement No. 34.
All funds that meet the quantitative criteria in GASBS Nos. 34 and 37 for presentation as major are identified and presented as such and all other funds that are presented as major are particularly important to financial statement users.
Components of net position (net investment in capital assets; restricted; and unrestricted) and classifications of fund balance (nonspendable, restricted, committed, assigned, and unassigned) are properly classified and, if applicable, approved.
Expenses have been appropriately classified in or allocated to functions and programs in the statement of activities, and allocations have been made on a reasonable basis.
Revenues are appropriately classified in the statement of activities within program revenues, general revenues, contributions to term or permanent endowments, or contributions to permanent fund principal.

lnterfund, internal, and intra-entity activity and balances have been appropriately classified and reported.
Deposits and investment securities and derivative instruments are properly classified as to risk and are properly disclosed.
Capital assets, including infrastructure and intangible assets, are properly capitalized, reported, and, if applicable, depreciated.
We have appropriately disclosed the District's policy regarding whether to first apply restricted or unrestricted resources when an expense is incurred for purposes for which both restricted and unrestricted net position is available and have determined that net position is properly recognized under the policy.
We are following our established accounting policy regarding which resources (that is, restricted, committed, assigned, or unassigned) are considered to be  spent first for expenditures  for  which • more than one resource classification is available. That policy determines the fund balance classifications for financial reporting purposes.
We acknowledge our responsibility for the required supplementary information (RSI). The RSI is measured and presented within prescribed guidelines and the methods of measurement and presentation have not changed from those used in the prior period. We have disclosed to you any significant assumptions and interpretations underlying the measurement  and presentation  of the RSI.

Examination of Compliance with Section 218.415, Florida Statutes

We are responsible for compliance with the requirements of Section 218.415, Florida Statutes ("requirements") and the assertion that the District complies with the requirements.
We have disclosed to you all information of which we are aware that may contradict that we are in compliance with the requirements, and we have disclosed to you all communications from regulatory agencies affecting our compliance with the requirements.
We have disclosed to you all events subsequent to September 30, 2020 that would have a material effect on our compliance with the requirements.
We have made available to you all records relevant to our compliance with the requirements.

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EXHIBIT 7

EXHIBIT 7

II

0001571 03/27/21

II Consumer's Certificate of Exemption I
Issued Pursuant to Chapter 212, Florida Statutes

DR-14
R. 01/18

FLORIDA	
I	85-8015633831C-3	04/30/2021	04/30/2026	COUNTY GOVERNMENT

Certificate Number
This certifies that

Effective Date	Expiration Date	Exemption Category

CITY GATE COMMUNITY DEVELOPMENT DISTRICT 12051 CORPORATE BLVD
ORLANDO FL 32817-1450

is exempt from the payment of Florida sales and use tax on real property rented, transient rental property rented, tangible personal property purchased or rented, or services purchased.

Important Information for Exempt Organizations

II

DR-14 R. 01/18

FLORIDA

You must provide all vendors and suppliers with an exemption certificate before making tax-exempt purchases. See Rule 12A-1.038, Florida Administrative Code (F.A.C.).

Your Consumer's Certificate of Exemption is to be used solely by your organization for your organization's customary nonprofit activities.

Purchases made by an individual on behalf of the organization are taxable, even if the individual will be reimbursed by the organization.

This exemption applies only to purchases your organization makes. The sale or lease to others of tangible personal property, sleeping accommodations, or other real property is taxable. Your organization must register, and collect and remit sales and use tax on such taxable transactions. Note: Churches are exempt from this requirement except when they are the lessor of real property (Rule 12A-1.070, F.A.C.).

It is a criminal offense to fraudulently present this certificate to evade the payment of sales tax. Under no circumstances should this certificate be used for the personal benefit of any individual. Violators will be liable for payment of the sales tax plus a penalty of 200% of the tax, and may be subject to conviction of a third-degree felony. Any violation will require the revocation of this certificate.

If you have questions about your exemption certificate, please call Taxpayer Services at 850-488-6800. The mailing address is PO Box 6480, Tallahassee, FL 32314-6480.

EXHIBIT 8

JenniferJ. Edwards
Supervisor of Elections

April 20, 2021

Mr. Russell Weyer Cit y Gat e COD
70 7 Orchid Drive Suite 100
Naples, FL 3410 2 Dear Mr. Weyer,
In complian ce with 190.06 of the Florida Stat ute s t his letter is t o inform you t hat the official records of
t he Collier County Supervisor of Election indicate O act ive regist ered voters residing in the City Gate COD as of April 15, 2021.

Should you have any questions regardin g elect ion services for t hi s dist ri ct, please fr ee to contact our off ice,

Sin cerely,

David B. Carp ent er Qaalifying Officer
Colli er Count y Sup ervisor of Ele ct ion s (239) 252-8501
Dave.Carpenter @Co lli erVotes.gov

Rev Dr Martin LutherKing Jr Building• 3750 EnterpriseAvenue • Naples FL 34104 Phone:(239) 252-VOTE • Fax: (239) 774-9468• www.CollierVotes.com