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Heritage Pines CDD accepts unaudited financial statements, notes ICS account rate change and pond treatment schedule
Summary
The board accepted unaudited financial statements as of Oct. 31, 2024. District Manager Chuck Adams said a BankUnited Insured Cash Sweep account was established and the initial 4.75% rate has likely dropped to 4.25%; Premier Lakes began a pond treatment contract Dec. 1, 2024 with scheduled treatments in March and July 2025.
District Manager Chuck Adams presented the unaudited financial statements as of Oct. 31, 2024 and reported staff established a BankUnited Insured Cash Sweep (ICS) investment account. Adams said he "believes the 4.75% initial interest rate has dropped to 4.25%." The board accepted the statements on a motion by Arthur Rhodes, seconded by Carol Vaughan.
Ms. Vaughan asked whether anything further could be done with the pond by Rolling Hills. Adams said both the large pond and Pond 3 are under contract with Premier Lakes, which began service Dec. 1, 2024, and that treatments are scheduled to occur in March and July 2025. No vote was recorded beyond acceptance of the statements.
