Resident raises vine, tree concerns and asks about CDD reserves; manager explains fund balance structure
Summary
Resident Nicholas Pedota asked about vines growing on pines behind his home and raised the possibility of many tree removals; another resident asked about reserves and District Manager Chuck Adams explained the CDD's surplus fund balance structure, noting it does not maintain a capital reserve like an association.
Resident Nicholas Pedota told the board during audience comments that vines are growing up pine trees behind his home and asked whether those trees had been inspected. The minutes record discussion that it is cheaper to cut down the pines than to remove the vines and raise the question whether that could lead to removing many pines.
A resident asked how much the CDD has in reserves. District Manager Chuck Adams responded that the CDD does not have a capital reserve in the same sense as an association would have; instead, the district has a surplus fund balance with funds assigned to three categories plus an unassigned fund balance. The minutes do not quantify the amounts in each category.
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