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Board accepts unaudited financials; notes investment account and new pond-treatment contract

Heritage Pines Community Development District Board of Supervisors · December 10, 2024
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Summary

Supervisors accepted unaudited financial statements as of Oct. 31, 2024, noted a BankUnited ICS investment account with interest shifting from 4.75% to 4.25%, and recorded that Premier Lakes began a Dec. 1, 2024 contract to treat ponds with next treatments planned for March and July 2025.

District Manager Chuck Adams presented the unaudited financial statements as of Oct. 31, 2024; the board accepted them unanimously. Adams reported establishment of a BankUnited Insured Cash Sweep (ICS) investment account and observed that the initial interest rate of 4.75% has dropped to about 4.25%.

Adams also reported that Premier Lakes began a contract on Dec. 1, 2024 to treat the large pond and pond 3; treatments are scheduled to be applied in March and July 2025. "The contract began December 1, 2024; the CDD is in dormancy now and the next treatments will be applied in March and July 2025," the minutes state.

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