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Board accepts unaudited financials; reports BankUnited ICS account and pond treatment schedule
Summary
Members accepted the unaudited financial statements as of Oct. 31, 2024, noted a BankUnited ICS account with an estimated rate decline to 4.25%, and recorded that Premier Lakes began a pond treatment contract on Dec. 1, 2024 with the next treatments scheduled for March and July 2025.
The Heritage Pines CDD board accepted the unaudited financial statements as of Oct. 31, 2024, during its Dec. 10 meeting. District Manager Chuck Adams said the district established a BankUnited Insured Cash Sweep (ICS) investment account; he reported the initial interest rate of 4.75% has since dropped to an estimated 4.25%.
Mr. Adams also reported that Premier Lakes began a contract on Dec. 1, 2024, to treat the larger pond and Pond 3 three times annually. The next treatments are scheduled for March and July 2025. The statements were accepted on a unanimous motion by Arthur Rhodes and seconded by Carol Vaughan.
