June 27, 2020

Mr. Armando Silva District Manager
Venetian Isles Community Development District Special District Services, Inc.
The Oaks Center 2501A Burns Road
Palm Beach Gardens, FL 33410

Re: Year 2020 Venetian Isles CDD Report

Dear Mr. Silva:

FL Certificate of Authorization No. 7538 8935 NW 35 Lane, Suite 101
Doral, FL 33172Tel. (305) 640-1345 Fax (305) 640-1346
E-Mail: Juan.Alvarez@AlvarezEng.com

The intent of this report is fourfold: 1) To inform as to the status of ownership of the infrastructure that was financed or constructed by the District; 2) To describe the state, working order and condition of the infrastructure still owned by the District; 3) To give recommendations as to the funds estimated necessary for the proper maintenance, repair and operation of the District’s infrastructure and; 4) To report on the insurance being carried by the District pursuant to Section 9.14 of the Master Trust Indenture between the District and Wachovia Bank National Association dated December 1, 2002.

The District is in Section 16, Township 54S, Range 39E, in Miami-Dade County. It is bounded by the plat for Marpi Homes (PB 157, PG 13) and SW 152 Avenue on the east, SW 157 Avenue on the west, the plat for Caribe Lakes Phase III (PB 151, PG 46) and the plat for Bismarck Homes at Venezia (PB 157, PG 2) on the south and SW 26 Street on the north. (See Exhibit 1)

Infrastructure Ownership
Roads (See Exhibit 1)
Development Section 1. The ingress-egress tracts, where the interior roads were constructed, have been conveyed to the Venetian Isles Master Association, Inc. by the Quit Claim Deed dated September 21, 2006, recorded in Miami-Dade County Official Record Book 25836 Pages 1211 through 1213 on August 6, 2007 (Folio No. 30-4916-021-0800). The right- of-ways for SW 26 Street and SW 152 Avenue have been dedicated to Miami-Dade County under the plat titled “Egret Lakes Estates Section 1” recorded in Plat Book 159, Page 40. The CDD acquired the roadway improvements within the right-of-ways of SW 30 St, Egret Lake Circle and SW 153 Ct. The CDD was granted roadway easements over those improvements by Venetian Isles Master Association, Inc. in October 1, 2008. The easement was recorded on OR Book 26632, Page 139.

Development Section 2. The ingress-egress tracts, where the interior roads were constructed, have been conveyed to the Venetian Isles Master Association, Inc. by the Quit Claim Deed described above.
Development Section 3. The ingress-egress tracts, where the interior roads were constructed, have been conveyed to the Venetian Isles Master Association, Inc. by the Quit Claim Deed described above. The right-of-way for SW 26 Street has been dedicated to Miami-Dade County under the plat titled “Egret Lakes Estates Section 3” recorded in Plat Book 160, Page 33.
Development Section 4. The ingress-egress tracts, where the interior roads were constructed, have been conveyed to the Venetian Isles Master Association, Inc. by the Quit Claim Deed described above. The CDD acquired the roadway improvements within the right-of-way of SW 29 St. The CDD was granted a roadway easement over those improvements by Venetian Isles Master Association, Inc. on October 1, 2008. The easement was recorded in OR Book 26632, Page 139.
Development Section 5. The ingress-egress tracts, where the interior roads were constructed, have been conveyed to the Venetian Isles Master Association, Inc. by the Quit Claim Deed described above. The right-of-way of SW 26 Street has been dedicated to Miami-Dade County under the plat titled “Egret Lakes Estates Section 5” recorded in Plat Book 161, Page 49.
Development Section 6. The ingress-egress tracts, where the interior roads were constructed, have been conveyed to the Venetian Isles Master Association, Inc. by the Quit Claim Deed described above. The right-of- ways of SW 26 Street and SW 157 Avenue have been dedicated to Miami- Dade County under the plat titled “Egret Lakes Estates Section 6” recorded in Plat Book 162, Page 32. The CDD acquired the roadway improvements within the right-of-ways of SW 29 St. The CDD was granted a roadway easement over those improvements by Venetian Isles Master Association,  Inc. on October 1, 2008. The easement was recorded in OR Book 26632, Page 139.
Development Section 7. The ingress-egress tracts, where the interior roads were constructed, have been conveyed to the Venetian Isles Master Association, Inc. by the Quit Claim Deed described above.
Development Section 8. The ingress-egress tracts, where the interior roads were constructed, have been conveyed to the Venetian Isles Master Association, Inc. by the Quit Claim Deed described above. The right-of-way of SW 157 Avenue has been dedicated to Miami-Dade County under the plat titled “Egret Lakes Estates Section 8” recorded in Plat Book 162, Page 42. The CDD acquired the roadway improvements within the right-of-ways of SW 29 St. The CDD was granted a roadway easement over those improvements by Venetian Isles Master Association, Inc. on October  1, 2008. The easement was recorded in OR Book 26632, Page 139.
Development Section 9. The ingress-egress tracts where the interior roads were constructed were conveyed to the District by Special Warranty Deed recorded in OR Book 23819, pages 1473 through 1475 (Folio Number 30-

4916-023-0320). Section 9 was platted as “Egret Lakes Homes” recorded in Plat Book 159, Page 53. The roadway improvements within Section 9 were acquired by the District.

Stormwater Management System (See Exhibit 2)
Except for the drainage systems within the right-of-ways of SW 152 Avenue, SW 26 Street and SW 157 Avenue, the CDD owns the drainage systems within Sections 1, 2, 3, 4, 5, 6, 7, 8 and 9. Those drainage systems include swales, catch basins, manholes, pipes, French Drains, outfalls, headwalls and lake culvert interconnects. On October 1, 2008, the CDD was granted a drainage easement by Venetian Isles Master Association, Inc. over the entire drainage system. The easement was recorded in OR Book 26632, Page 141.
All seven lake tracts within the District were acquired by the District under Special Warranty Deeds recorded in Official Record Book 23819, Pages 1620-1622 and Official Record Book 24612 pages 4814-4816.

Water and Sewer Systems
The water and sewer systems in all sections were completed and conveyed to Miami-Dade County for ownership and maintenance.

State, Working Order and Condition of the Infrastructure Currently Owned by the District
Alvarez Engineers, Inc. conducted a field inspection to determine the current state, working order and condition of the infrastructure owned by the District and reports the following regarding the CDD Roads and stormwater management system:
Roads
All roads within the District are in good working order and condition.

Stormwater Management System
The road drainage systems, lake slopes and lakes are in good working order and condition.

Estimated Maintenance Costs for District Owned Infrastructure
General
The CDD proposed 2020-2021 Fiscal Year budget has the following amounts for maintenance expenditures:

2020-2021 Budget for Maintenance	
Aquatic Maintenance - Lake Tracts - Herbicides	$9,800	
Aquatic Maintenance - Lake Tracts - Grass Carps	$1,500	
General Maintenance - Lake Tracts/Shoreline	$15,000	
Drainage Structure Maintenance/Cleaning	$6,000	

Roadway/Street Improvements - Repairs (Including Signs)	$9,000	
Engineers Report/Inspections/Consulting	$1,500	
Field Operations Management	$1,620	
Miscellaneous Improvement Projects	$8,400	
Security Camera MTE/Cable/Monitoring	$2,500	
Infrastructure Reserve Fund	$17,500	
Contingency (Maintenance)	$12,000	
Total	$84,820	

For more detailed information on the 2020-2021 Fiscal Year Budget please visit the District’s website at the following link:

https://venetianislescdd.org/financials/

Alvarez Engineers finds the District’s final maintenance budget for Fiscal Year 2020-2021 adequate, and recommends considering the following suggestions for future budgets:

District Roads
Funds will be needed to replace the wearing roadway asphalt layer in about 12 years, when the asphalt has reached its estimated 30-year service life. The District Board of Supervisors may decide whether to create a sinking fund to finance the future capital expense over the next 12 years or to pay a lump sum amount at the end of the asphalt service life. The table below provides the estimated future replacement cost and the estimated annual contributions over the remaining service life to fund the expense. The calculations below assume an annual interest rate of 0.25%.

Pavement Service Life (30 Years
Estimated)	
Present Year	
Remaining Service Life (Yrs)	
Present Year Cost (PC) of Pavement Replacement (Mill and Resurface 3/4" Thick)	Future Replacement Cost @ End of Service
Life*	
Annual Interest Rate	Annuity to Finance (FC) in (n) Years given (i)	
From	To		(n)	Quantity
(SY)	Unit Cost
($/SY)	(PC)	(FC)	(i)	FCi/((1+i)^n-1)	
2002	2032	2020	12	12,255	$5.75	$70,466	$99,357	0.25%	$8,167	
* Using Florida Department of Transportation Inflation Factors					

Stormwater Management System
The following is a suggested 5-year cyclical program for servicing the inlets, manholes, pipes and French drains of the drainage system. The program consists of servicing 20% of the system every year so that at the end of the fifth year, 100% of the system will have been serviced. The table below shows the

estimated amount that would need to be budgeted yearly to service the 128 drainage structures and 18,862 Linear Feet of pipes in the District. The program may be financed yearly or in one lump sum when needed, at the discretion of the Board of Supervisors.

Total No.
Structures in CDD	Total LF Pipes	No. Structures with Pipes Serviced per Yea	Cost/EA Structure	Cost/LF Pipe	Total Budget
Amount Per Year	
		Year 1	Year 2	Year 3	Year 4	Year 5				
128	18862	26					$150.00	$5.00	$22,800	
			26				$150.00	$5.00	$22,800	
				26			$150.00	$5.00	$22,800	
					26		$150.00	$5.00	$22,800	
						26	$150.00	$5.00	$22,800	

Water and Sewer Systems
The water and sewer systems are maintained, operated and funded by WASD, which may be contacted at 305-274-9272 (for emergencies) or at 305-665-7477 (for customer service).

Insurance
Alvarez Engineers has reviewed the District’s general liability, inland marine, hired non- owned auto, employment practices liability and public officials liability insurance policy provided by Florida Insurance Alliance under Agreement No. 100119069 for the period between October 1, 2019 and October 1, 2020. The District has budgeted enough funds to cover the insurance premium.

This report was prepared to the best of my knowledge and belief and is based on field observations conducted by Alvarez Engineers personnel, the District Engineer’s Report and public documents available.

If you have any questions, please do not hesitate to contact me at 305-640-1345 or at Juan.Alvarez@Alvarezeng.com.

Sincerely,

Alvarez Engineers, Inc.

Juan R. Alvarez, PE, District Engineer Florida Engineer License No. 38522 Digitally Signed
Date: June 27, 2020

PARCEL ID : EGRET LAKES ESTATES SECTION 5 (PB 161 , PG 49)
OWNER: VENETIAN ISLES MASTER ASSOCI ATION, INC (QCD ORB 25836, PG 1211)

CDD BOUNDARYJ

PARCEL ID: EGRET LAKES ESTATES SECTION 3 (PB 160, PG 33)
OWNER: VENETIAN ISLES MASTER ASSOCIATION, INC (QCD ORB 25836 , PG 1211)

PARCEL ID : TRACT B ; EGRET LAKES HOMES (PB 159 , PG 53)-SECTION 9
OWNER: VENETIAN ISLES CDD (SWD ORB 23819 , PG 1473)
CDD INFRASTRUCTURE: ROADWAYS

PARCEL ID : EGRET LAKES ESTATES SECTION 6 (PB 162, PG 32)
OWNER : VENETIAN ISLES MASTER ASSOCIATION, INC (QCD ORB 25836 , PG 1211)
ESMT: CDD; ORB 26632, PG 139
CDD INFRASTRUCTURE: RIGHT-OF-WAY OF SW 29" ST

►a:
z

r··--------

------------------- ------ f.W.1..li.f.1. PM - AX..	--·

 	

z
:::,
0
ID
Cl
uCl

PARCEL ID : EGRET LAKES ESTATES SECTION 8 (PB 162, PG 42)
OWNER: VENETIAN ISLES MASTER ASSOCI ATION, INC (QCD ORB 25836 , PG 1211)
ESM T: CDD; ORB 26632, PG 139

:::,
0
ID
Cl
uCl

....
It)
"I"'

PARCEL ID : EGRET LAKES ESTATES SECTION 1 (PB 159, PG 40)
OWNER : VENETIAN ISLES MASTER ASSOCIATION, INC (QCD ORB 25836, PG 1211)
ESM T: CDD ; ORB 26632 , PG 139
COD INFRASTRUCTURE: RIGHT-OF-WAY OF
SW 30TH ST, EGRET LAKE CIRCLE AND SW 153RD CT

PARCEL ID : EGRET LAKES ESTATES SECTION 2
(PB 159, PG 54)
OWN ER: VENETIAN ISLES MASTER ASSOCIATION, INC (QCD ORB 25836, PG 1211)

CDD INFRASTRUCTURE: RIGHT-OF-WAY OF SW 29TH ST

LEGEND :
ESM T: EASEMENT
ORB: OFFICIAL RECORD BOOK PB: PLAT BOOK
PG: PAGE
QCD: QUIT CLAIM DEED
SWD: SPECIAL WARRANTY DEED

PARCEL ID : EGRET LAKES ESTATES SECTION 7 (PB 162, PG 33)
OWNER : VENETIAN ISLES MASTER ASSOCI ATION, INC (QCD ORB 25836 , PG 1211)

CDD BOUNDARY

PARCEL ID : EGRET LAKES ESTATES SECTION 4 (PB 160, PG 49)
OWNER: VENETIAN ISLES MASTER ASSOCIATION, INC (QCD ORB 25836, PG 1211)
ESM T: COD; ORB 26632, PG 139

I

COD INFRASTRUCTURE: RIGHT-OF-WAY OF SW 29H ST

--	

ALVAREZ ENGINEERS, INC.

VENETIAN ISLES C.D_D_
INFRASTRUCTURE: ROADWAY OWNERSHIP

EXHIBIT 1

0 100'

300'	500'

PARCEL ID : EGRET LAKES ESTATES SECTI (PB 161, PG 49)
OWNER: VENETIAN ISLES MASTER ASS INC (QCD ORB 25836, PG 1211)
ESMT: CDD; ORB 26632, PG 141 CDD INFRASTRUCTURE: DRAINAGE

PARCEL ID: SW 26'" ST AND SW 1sr AVE OWNER: MIAMI DADE COUNTY INFRASTRUCTURE: DRAINAGE

PARCEL ID : EGRET LAKES ESTATES SECTION 6
(PB 162, PG 32)
OWNER: VENETIAN ISLES MASTER ASSOCIATION, INC (QCD ORB 25836 , PG 1211)
ESM T: CDD; ORB 26632 , PG 141 CDD INFRASTRUCTURE: DRAINAGE

PARCEL ID : TRACT R OF EGRET
LAKES ESTATES SECTION 6 (PB 160, PG 32) OWNER: VENETIAN ISLES CDD (SWD 24612, PG 4814)
CDDINFRASTRUCTURE:LAKE

K OF EGRET ON3

ISLES CDD 620)

E: LAKE

			

PARCEL ID: TRACT A OF EGRET LAKES HOMES (PB 159, PG 53) OWNER: VENETIAN ISLES CDD (SWD 23819, PG 1620)
CDD INFRASTRUCTURE: LAKE
PARCEL ID : TRACT B OF EGRET LAKES HOMES (PB 159, PG 53)- SECTION 9 OWNER : VENETIAN ISLES CDD
(SWD ORB 23819, PG 1473)
CDD INFRASTRUCTURE: DRAINAGE

z
:I
0m
Cl
uCl

PARCEL ID: TRACT B OF EGRET LAKES ESTATES SECTION 1 (PB 159, PG 40)
OWNER : VENETIAN ISLES CDD (SWD 23819, PG 1620) CDDINFRASTRUCTURE:LAKE
PARCEL ID: EGRET LAKES ESTATES SECTION 1 (PB 159, PG 40)
OWNER: VENETIAN ISLES MASTER ASSOCIATION, INC (QCD ORB 25836, PG 1211)
ESM T: CDD; ORB 26632, PG 141 CDD INFRASTRUCTURE: DRAINAGE
PARCEL ID : TRACT C OF EGRET LAKES ESTATES SECTION 1 (PB 159, PG 40)
OWNER: VENETIAN ISLES CDD (SWD 23819, PG 1620)

PARCEL ID : EGRET LAKES ESTATES SECTION 8 (PB 162, PG 42)
OWNER: VENETIAN ISLES MASTER ASSOCIATION, INC
(QCD ORB 25836, PG  1211) ESM T: CDD; ORB 26632 , PG 141
CDD INFRASTRUCTURE: DRAINAGE

LEGEND :
ESM T: EASEMENT
ORB: OFFICIAL RECORD BOOK PB: PLAT BOOK
PG: PAGE
QCD: QUIT CLAIM DEED
SWD: SPECIAL WARRANTY DEED

<I
Czl
:I 0
m
Cl Cul

II)

"""

'I""
;:
rn

SECTION 7 (PB 162, PG 33) OWNER: VENETIAN ISLES MASTER ASSOCIATION, INC
(QCD ORB 2S836, PG 1211) ESMT: CDD; ORB 26632, PG 141
CDD INFRASTRUCTURE: DRAINAGE

PARCEL ID: TRACT N OF EGRET LAKES ESTATES SECTION 4
(PB 160, 49)
OWNER: VENETIAN ISLES CDD (SWD 24612, PG 4814) CDDINFRASTRUCTURE:LAKE

CDD BOUNDARY
PARCEL ID : EGRET LAKES ESTATES SECTION 4 (PB 160, PG 49) OWNER: VENETIAN ISLES MASTER ASSOCIATION, INC
(QCD ORB 25836,  PG 1211) ESM T: CDD; ORB 26632, PG 141
CDD INFRASTRUCTURE: DRAINAGE

CDD INFRASTRU CTURE: LAKE

ARCEL ID : EGRET LAKES ESTATES SECTION 2
(PB 159, PG 54) OWNER: VENETIAN ISLES MASTER ASSOCIATION, INC (QCD ORB 25836, PG 1211) P ESMT: CDD; ORB 26632, PG 141
CDD INFRASTRUCTURE: DRAINAGE
PARCEL ID : TRACT J OF EGRET LAKES ESTATES SECTION 2 (PB 159, PG 54)
OWNER : VENETIAN ISLES CDD (SWD 23819, PG 1620) CDDINFRASTRUCTURE:LAKE

PARCEL ID: SW 152 " AVE OWNER: MIAMI DADE COUNTY INFRASTRUCTURE: DRAINAGE

I

--	

ALVAREZ ENGINEERS, INC.

VENETIAN ISLES C.D_D_
INFRASTRUCTURE: STORMWATER OWNERSHIP

EXHIBIT 2

0 100'

300'	500'