West Villages Improvement District

Final Budget For Fiscal Year 2018/2019
October 1, 2018 - September 30, 2019

CONTENTS

FINAL BUDGET-RECAP BY UNITS
FINAL INFRASTRUCTURE MAINTENANCE BREAKDOWN
FINAL BUDGET-DISTRICT PROPER
FINAL BUDGET-UNIT ONE
FINAL BUDGET-UNIT TWO
FINAL BUDGET-UNIT THREE
FINAL BUDGET-UNIT FOUR
FINAL BUDGET-UNIT FIVE
FINAL BUDGET-UNIT SIX
FINAL BUDGET-UNIT SEVEN
BUDGET COMPARISON
FINAL DEBT SERVICE FUND BUDGET-UNIT ONE
FINAL DEBT SERVICE FUND BUDGET-UNIT TWO
FINAL DEBT SERVICE FUND BUDGET-UNIT THREE
FINAL DEBT SERVICE FUND BUDGET-UNIT FOUR
FINAL DEBT SERVICE FUND BUDGET-UNIT FIVE
ASSESSMENT RECAP-DISTRICT PROPER
ASSESSMENT RECAP-UNIT ONE
ASSESSMENT METHODOLOGY-UNIT ONE
ASSESSMENT RECAP-UNIT TWO TOTAL GROSS
ASSESSMENT RECAP-UNIT TWO COLLECTION METHOD
ASSESSMENT METHODOLOGY-UNIT TWO
ASSESSMENT RECAP-UNIT THREE TOTAL GROSS
ASSESSMENT RECAP-UNIT THREE COLLECTION METHOD
ASSESSMENT METHODOLOGY-UNIT THREE
ASSESSMENT RECAP-UNIT FOUR TOTAL GROSS
ASSESSMENT RECAP-UNIT FOUR COLLECTION METHOD
ASSESSMENT METHODOLOGY-UNIT FOUR
ASSESSMENT RECAP-ALL UNITS DETAIL
ASSESSMENT RECAP-TOTALS

RECAP BY UNIT

DISTRICT

REVENUES			 	PROPER			 	UNIT ONE			 	UNIT TWO			      UNIT THREE			 	UNIT FOUR			 	UNIT FIVE			 	UNIT SIX			      UNIT SEVEN			 	TOTAL		
O & M ASSESSMENTS		294,076		552,878		394,741		195,603		37,179		0		0		0		1,474,475	
O & M DIRECT BILL		0		0		30,649		34,339		66,057		142,500		0		0		273,544	
DEBT ASSESSMENTS		0		2,524,940		2,619,098		1,133,816		289,991		0		0		0		6,567,845	
DEBT DIRECT BILL		0		0		144,355		210,210		565,074		3,625,720		0		0		4,545,360	
INTEREST INCOME		1,000		0		0		0		0		0		0		0		1,000	
DEVELOPER FUNDING		0		0		0		0		0		0		100,000		100,000		200,000	
CARRY OVER FUNDS FROM PRIOR YEAR 		 	0		 	0		 	0		 	0		 	0		 	0		 	0		 	0		 	0	
Total Revenues		$	295,076		$	3,077,818		$	3,188,843		$	1,573,967		$	958,302		$	3,768,220		$	100,000		$	100,000		$ 13,062,225	

EXPENDITURES																				
ALL BASEBALL FACILITY EXPENSES		0		0		0		0		0		100,000		0		0		100,000	
INFRASTRUCTURE MAINTENANCE		0		455,000		337,000		159,000		42,000		0		0		0		993,000	
ENGINEERING		45,000		7,500		7,500		10,000		5,000		2,500		10,000		10,000		97,500	
MANAGEMENT		59,456		12,005		12,005		12,005		12,005		12,005		12,005		12,005		143,491	
OPERATIONS MANAGER		25,000		12,500		12,500		0		0		0		0		0		50,000	
LEGAL		80,000		15,000		15,000		15,000		15,000		15,000		15,000		15,000		185,000	
ASSESSMENT ROLL		7,500		1,500		1,500		1,500		1,500		0		0		0		13,500	
AUDIT FEES		4,800		2,500		2,500		2,500		2,500		2,500		2,500		2,500		22,300	
ARBITRAGE REBATE FEE		0		1,500		1,500		1,500		1,500		0		0		0		6,000	
RENTS & LEASES		6,000		0		0		0		0		0		0		0		6,000	
INSURANCE		36,000		0		0		0		0		0		0		0		36,000	
LEGAL ADVERTISING		3,000		0		0		0		0		0		0		0		3,000	
MISCELLANEOUS		3,000		1,700		1,700		1,700		10,000		10,495		60,495		60,495		149,585	
POSTAGE		1,000		0		0		0		0		0		0		0		1,000	
OFFICE SUPPLIES		5,000		0		0		0		0		0		0		0		5,000	
DUES & SUBSCRIPTIONS		175		0		0		0		0		0		0		0		175	
TRUSTEE FEES		0		10,000		10,000		10,000		10,000		0		0		0		40,000	
WEBSITE		1,500		0		0		0		1,500		0		0		0		3,000	
CONTINUING DISCLOSURE FEE			 	0		 	500		 	500		 	5,000		 	0		 	0		 	0		 	0		 	6,000	
Total Expenditures		$	277,431		$	519,705		$	401,705		$	218,205		$	101,005		$	142,500		$	100,000		$	100,000		$	1,860,551	

EXCESS / (SHORTFALL)		$	17,645		$	2,558,113		$	2,787,138		$	1,355,762		$	857,297		$	3,625,720		$	-		$	-		$	11,201,674	

PAYMENT TO TRUSTEE (UNIT 1)			
0			
(2,373,444)			
0			
0			
0			
0				
0				
0			
(2,373,444)	
PAYMENT TO TRUSTEE (UNIT 2)			0			0			(2,606,307)			0			0			0				0				0			(2,606,307)	
PAYMENT TO TRUSTEE (UNIT 3)			0			0			0			(1,275,997)			0			0				0				0			(1,275,997)	
PAYMENT TO TRUSTEE (UNIT 4)			0			0			0			0			(837,666)			0				0				0			(837,666)	
PAYMENT TO TRUSTEE (UNIT 5)			0			0			0			0			0			(3,625,720)				0				0			(3,625,720)	
BALANCE		$	17,645		$	184,669		$	180,830		$	79,765		$	19,630		$	-		$	-			$	-			$	482,539	

COUNTY APPRAISER & TAX COLLECTOR FEE	(5,882)	(61,556)	(60,277)	(26,588)	(6,543)	-	-	-	(160,846)	
DISCOUNTS FOR EARLY PAYMENTS	(11,763)	(123,113)	(120,554)	(53,177)	(13,087)	-	-	-	(321,693)	

NET EXCESS / (SHORTFALL)

$	-	$	-	$	-	$	-	$

-	$	-	$	-	$

-	$	-

 	 	

INFRASTRUCTURE MAINTENANCE BREAKDOWN

UNIT ONE FISCAL YEAR 2017/2018 MAINTENANCE BUDGET

UNIT ONE FISCAL YEAR 2018/2019 MAINTENANCE BUDGET

VARIANCE FROM PREVIOUS YEAR

MAINTENANCE EXPENDITURES		 	AMOUNT		MAINTENANCE EXPENDITURES		 	AMOUNT		 	AMOUNT		
US-41 Landscaping & Lighting (1) (2)	165,000	US-41 Landscaping & Lighting (1) (2)	245,000	80,000	
Gateway Monuments (US-4/River Rd)	10,000	Gateway Monuments (US-4/River Rd)	10,000	0	
Contingency Landscape Replacement	25,000	Contingency Landscape Replacement	25,000	0	
		Lake Maintenance	12,000	12,000	
		Road Maintenance / Resurface	163,000	163,000	
Total Maintenance Expenditures		$	200,000		Total Maintenance Expenditures		$	455,000		$	255,000	

(1) Includes costs for power, reuse water, pump station maintenance, & capital contribution for reuse facilities.

(1) Includes costs for power, reuse water, pump station maintenance, & capital contribution for reuse facilities.

UNIT TWO FISCAL YEAR 2017/2018 MAINTENANCE
 	BUDGET	

UNIT TWO FISCAL YEAR 2018/2019 MAINTENANCE
 	BUDGET	

MAINTENANCE EXPENDITURES		 	AMOUNT		MAINTENANCE EXPENDITURES		 	AMOUNT		 	AMOUNT		
General Cost (1)	5,000	General Cost (1)	5,000	0	
Lighting (2)	50,000	Lighting (2)	50,000	0	
Ponds	10,000	Ponds / Lakes	22,000	12,000	
Landscaping (3)	245,000	Landscaping (3)	245,000	0	
Contingency Landscape Replacement	15,000	Contingency Landscape Replacement	15,000	0	

Total Maintenance Expenditures

$	325,000

Total Maintenance Expenditures

$	337,000

12,000

Includes minor repairs, sign replacement, water main flushing.	(1) Includes minor repairs, sign replacement, water main flushing.
Includes power, pole replacement	(2) Includes power, pole replacement

Includes maintenance, IQ water, pump station power costs, maintenance, and capital contribution for reuse facilities.

(3) Includes maintenance, IQ water, pump station power costs, maintenance, and capital contribution for reuse facilities.

UNIT THREE FISCAL YEAR 2017/2018
 	MAINTENANCE BUDGET	

UNIT THREE FISCAL YEAR 2018/2019
 	MAINTENANCE BUDGET	

MAINTENANCE EXPENDITURES		 	AMOUNT		MAINTENANCE EXPENDITURES		 	AMOUNT		 	AMOUNT		
Lake & Mitigation Maintenance	20,000	Lake & Mitigation Maintenance	20,000	0	
Drainage	4,000	Drainage	4,000	0	
Roads / Street Lights (minor repairs / signs)	23,000	Roads / Street Lights (resurface / repairs / signs)	115,000	92,000	
Community Center & Gatehouse O&M	20,000	Gatehouse O&M	20,000	0	
Total Maintenance Expenditures		$	67,000		Total Maintenance Expenditures		$	159,000		$	92,000	

(1) Gran Paradiso Common Area & Public Roadway Landscaping, & Gatehouse	(1) Gran Paradiso Common Area & Public Roadway Landscaping, & Gatehouse & Irrigation & Lake / Ditch Bank Mowing.		& Irrigation & Lake / Ditch Bank Mowing.

UNIT FOUR FISCAL YEAR 2017/2018
 	MAINTENANCE BUDGET	

UNIT FOUR FISCAL YEAR 2018/2019
 	MAINTENANCE BUDGET	

MAINTENANCE EXPENDITURES		 	AMOUNT		MAINTENANCE EXPENDITURES		 	AMOUNT		 	AMOUNT		
		Lake Maintenance	12,000	12,000	
		Mitigation Maintenance	10,000	10,000	
Miscelaneous Maintenance	20,000	Miscelaneous Maintenance	20,000	0	
Total Maintenance Expenditures		$	20,000		Total Maintenance Expenditures		$	42,000		$	22,000	

DISTRICT PROPER

	FISCAL YEAR		FISCAL YEAR	
	2017/2018		2018/2019	
	ANNUAL BUDGET		ANNUAL BUDGET	
REVENUES					
O & M ASSESSMENTS		283,437		294,076	
O & M DIRECT BILL		0		0	
DEBT ASSESSMENTS		0		0	
DEBT DIRECT BILL		0		0	
DEVELOPER CONTRIBUTION		0		0	
INTEREST INCOME		1,000		1,000	
OTHER REVENUES		0		0	
Total Revenues			  $	284,437		  $	295,076	
EXPENDITURES					
ENGINEERING		35,000		45,000	
MANAGEMENT		59,456		59,456	
OPERATIONS MANAGER		25,000		25,000	
LEGAL		80,000		80,000	
ASSESSMENT ROLL		7,500		7,500	
ANNUAL AUDIT		4,800		4,800	
ARBITRAGE REBATE FEE		0		0	
RENTS & LEASES		6,000		6,000	
INSURANCE		36,000		36,000	
LEGAL ADVERTISING		3,000		3,000	
MISCELLANEOUS		3,000		3,000	
POSTAGE		1,000		1,000	
OFFICE SUPPLIES		5,000		5,000	
DUES & SUBSCRIPTIONS		175		175	
TRUSTEE FEES		0		0	
CONTINUING DISCLOSURE FEE		0		0	
WEBSITE		1,500		1,500	
CONTINGENCY / PREV SHORTFALL		0		0	
Total Expenditures			  $	267,431		  $	277,431	
EXCESS  / (SHORTFALL)			  $	17,006		  $	17,645	
PAYMENT TO TRUSTEE		-		-	
BALANCE			  $	17,006		  $	17,645	

COUNTY APPRAISER & TAX COLLECTOR FEE		(5,669)		(5,882)	
DISCOUNTS FOR EARLY PAYMENTS		(11,337)		(11,763)	
NET EXCESS / (SHORTFALL)			  $	-			  $	-		

* Fund Balance as of 7-31-2018 = $720,203.00

UNIT ONE

		FISCAL YEAR		FISCAL YEAR	
		2017/2018		2018/2019	
		ANNUAL BUDGET		ANNUAL BUDGET	
REVENUES					
O & M ASSESSMENTS		284,261		552,878	
O & M DIRECT BILL		0		0	
DEBT ASSESSMENTS		2,527,074		2,524,940	
DEBT DIRECT BILL		0		0	
DEVELOPER CONTRIBUTION		0		0	
OTHER REVENUES		0		0	
Total Revenues			  $	2,811,335		  $	3,077,818	
EXPENDITURES					
INFRASTRUCTURE MAINTENANCE		200,000		455,000	
ENGINEERING		10,000		7,500	
MANAGEMENT		12,005		12,005	
OPERATIONS MANAGER		12,500		12,500	
LEGAL		15,000		15,000	
ASSESSMENT ROLL		1,500		1,500	
AUDIT FEES		2,500		2,500	
ARBITRAGE REBATE FEE		1,500		1,500	
RENTS & LEASES		0		0	
INSURANCE		0		0	
LEGAL ADVERTISING		0		0	
MISCELLANEOUS		1,700		1,700	
POSTAGE		0		0	
OFFICE SUPPLIES		0		0	
DUES & SUBSCRIPTIONS		0		0	
TRUSTEE FEES		10,000		10,000	
CONTINUING DISCLOSURE FEE		500		500	
WEBSITE		0		0	
CONTINGENCY / PREV SHORTFALL		0		0	
Total Expenditures			  $	267,205		  $	519,705	
EXCESS  / (SHORTFALL)			  $	2,544,130		  $	2,558,113	
PAYMENT TO TRUSTEE		(2,375,450)		(2,373,444)	
BALANCE			  $	168,680		  $	184,669	

COUNTY APPRAISER & TAX COLLECTOR FEE		(56,227)		(61,556)	
DISCOUNTS FOR EARLY PAYMENTS		(112,453)		(123,113)	
NET EXCESS / (SHORTFALL)			  $	-			  $	-		

* Fund Balance as of 7-31-2018 = $357,193.00

UNIT TWO

		FISCAL YEAR		FISCAL YEAR	
		2017/2018		2018/2019	
		ANNUAL BUDGET		ANNUAL BUDGET	
REVENUES					
O & M ASSESSMENTS		331,286		394,741	
O & M DIRECT BILL		80,796		30,649	
DEBT ASSESSMENTS		2,240,556		2,619,098	
DEBT DIRECT BILL		547,067		144,355	
DEVELOPER CONTRIBUTION		0		0	
OTHER REVENUES		0		0	
CARRY OVER FUNDS FROM PRIOR YEAR		0		0	
Total Revenues			  $	3,199,706		  $	3,188,843	
EXPENDITURES					
INFRASTRUCTURE MAINTENANCE		325,000		337,000	
ENGINEERING		10,000		7,500	
MANAGEMENT		12,005		12,005	
OPERATIONS MANAGER		12,500		12,500	
LEGAL		15,000		15,000	
ASSESSMENT ROLL		1,500		1,500	
AUDIT FEES		2,500		2,500	
ARBITRAGE REBATE FEE		1,500		1,500	
RENTS & LEASES		0		0	
INSURANCE		0		0	
LEGAL ADVERTISING		0		0	
MISCELLANEOUS		1,700		1,700	
POSTAGE		0		0	
OFFICE SUPPLIES		0		0	
DUES & SUBSCRIPTIONS		0		0	
TRUSTEE FEES		10,000		10,000	
CONTINUING DISCLOSURE FEE		500		500	
WEBSITE		0		0	
CONTINGENCY / PREV SHORTFALL		0		0	
Total Expenditures			  $	392,205		  $	401,705	
EXCESS / (SHORTFALL)			  $	2,807,501		  $	2,787,138	
PAYMENT TO TRUSTEE		(2,653,190)		(2,606,307)	
BALANCE			  $	154,311		  $	180,830	
COUNTY APPRAISER & TAX COLLECTOR FEE		(51,437)		(60,277)	
DISCOUNTS FOR EARLY PAYMENTS		(102,874)		(120,554)	
NET EXCESS / (SHORTFALL)			  $	-			  $	-		

* Fund Balance as of 7-31-2018 = $515,222.00

UNIT THREE

		FISCAL YEAR		FISCAL YEAR	
		2017/2018		2018/2019	
		ANNUAL BUDGET		ANNUAL BUDGET	
REVENUES						
O & M ASSESSMENTS		83,030		195,603	
O & M DIRECT BILL		48,157		34,339	
DEBT ASSESSMENTS		856,858		1,133,816	
DEBT DIRECT BILL		470,551		210,210	
DEVELOPER CONTRIBUTION		0		0	
OTHER REVENUES		0		0	
CARRY OVER FUNDS FROM PRIOR YEAR		0		0	
Total Revenues			  $	1,458,595		  $	1,573,967	
EXPENDITURES						
INFRASTRUCTURE MAINTENANCE		67,000		159,000	
ENGINEERING		10,000		10,000	
MANAGEMENT		12,005		12,005	
OPERATIONS MANAGER		0		0	
LEGAL		15,000		15,000	
ASSESSMENT ROLL		1,500		1,500	
AUDIT FEES		2,500		2,500	
ARBITRAGE REBATE FEE		1,500		1,500	
RENTS & LEASES		0		0	
INSURANCE		0		0	
LEGAL ADVERTISING		0		0	
MISCELLANEOUS		1,700		1,700	
POSTAGE		0		0	
OFFICE SUPPLIES		0		0	
DUES & SUBSCRIPTIONS		0		0	
TRUSTEE FEES		10,000		10,000	
CONTINUING DISCLOSURE FEE		5,000		5,000	
WEBSITE		0		0	
CONTINGENCY / PREV SHORTFALL		0		0	
Total Expenditures			  $	126,205		  $	218,205	
EXCESS / (SHORTFALL)			  $	1,332,390		  $	1,355,762	
PAYMENT TO TRUSTEE		(1,275,997)		(1,275,997)	
BALANCE			  $	56,393		  $	79,765	

COUNTY APPRAISER & TAX COLLECTOR FEE		(18,798)		(26,588)	
DISCOUNTS FOR EARLY PAYMENTS		(37,595)		(53,177)	
NET EXCESS / (SHORTFALL)			  $	-			  $	-		

* Fund Balance as of 7-31-2018 = $221,241.00

UNIT FOUR

		FISCAL YEAR		FISCAL YEAR	
		2017/2018		2018/2019	
		ANNUAL BUDGET		ANNUAL BUDGET	
REVENUES						
O & M ASSESSMENTS		0		37,179	
O & M DIRECT BILL		84,005		66,057	
DEBT ASSESSMENTS		0		289,991	
DEBT DIRECT BILL		835,794		565,074	
DEVELOPER CONTRIBUTION		0		0	
OTHER REVENUES		0		0	
CARRY OVER FUNDS FROM PRIOR YEAR		0		0	
Total Revenues			  $	919,799		  $	958,302	
EXPENDITURES						
INFRASTRUCTURE MAINTENANCE		20,000		42,000	
ENGINEERING		10,000		5,000	
MANAGEMENT		12,005		12,005	
OPERATIONS MANAGER		0		0	
LEGAL		15,000		15,000	
ASSESSMENT ROLL		1,500		1,500	
AUDIT FEES		2,500		2,500	
ARBITRAGE REBATE FEE		1,500		1,500	
RENTS & LEASES		0		0	
INSURANCE		0		0	
LEGAL ADVERTISING		0		0	
MISCELLANEOUS		10,000		10,000	
POSTAGE		0		0	
OFFICE SUPPLIES		0		0	
DUES & SUBSCRIPTIONS		0		0	
TRUSTEE FEES		10,000		10,000	
CONTINUING DISCLOSURE FEE		1,500		1,500	
WEBSITE		0		0	
CONTINGENCY / PREV SHORTFALL		0		0	
Total Expenditures			  $	84,005		  $	101,005	
EXCESS / (SHORTFALL)			  $	835,794		  $	857,297	
PAYMENT TO TRUSTEE		(835,794)		(837,666)	
BALANCE			  $	-			  $	19,630	

COUNTY APPRAISER & TAX COLLECTOR FEE		-		(6,543)	
DISCOUNTS FOR EARLY PAYMENTS		-		(13,087)	
NET EXCESS / (SHORTFALL)			  $	-			  $	-		

* Fund Balance as of 7-31-2018 = $120,376.00

UNIT FIVE

		FISCAL YEAR		FISCAL YEAR	
		2017/2018		2018/2019	
		ANNUAL BUDGET		ANNUAL BUDGET	
REVENUES					
O & M ASSESSMENTS		0		0	
O & M DIRECT BILL		500,000		142,500	
DEBT ASSESSMENTS		0		0	
DEBT DIRECT BILL		0		3,625,720	
DEVELOPER CONTRIBUTION		0		0	
OTHER REVENUES		0		0	
CARRY OVER FUNDS FROM PRIOR YEAR		0		0	
Total Revenues			  $	500,000		  $	3,768,220	
EXPENDITURES					
BASEBALL FACILITY EXPENSES		450,000		100,000	
INFRASTRUCTURE MAINTENANCE		0		0	
ENGINEERING		10,000		2,500	
MANAGEMENT		12,005		12,005	
OPERATIONS MANAGER		0		0	
LEGAL		15,000		15,000	
ASSESSMENT ROLL		0		0	
AUDIT FEES		2,500		2,500	
ARBITRAGE REBATE FEE		0		0	
RENTS & LEASES		0		0	
INSURANCE		0		0	
LEGAL ADVERTISING		0		0	
MISCELLANEOUS		10,495		10,495	
POSTAGE		0		0	
OFFICE SUPPLIES		0		0	
DUES & SUBSCRIPTIONS		0		0	
TRUSTEE FEES		0		0	
CONTINUING DISCLOSURE FEE		0		0	
WEBSITE		0		0	
CONTINGENCY / PREV SHORTFALL		0		0	
Total Expenditures			   $	500,000		  $	142,500	

EXCESS  / (SHORTFALL)	

  $	-	

  $	3,625,720

PAYMENT TO TRUSTEE	-	(3,625,720)

BALANCE	

  $	-	

  $	-	

COUNTY APPRAISER & TAX COLLECTOR FEE	-	-
DISCOUNTS FOR EARLY PAYMENTS	-	-

NET EXCESS / (SHORTFALL)	

  $	-	

  $	-	

* Fund Balance as of 7-31-2018 = ($240,982.00)

UNIT SIX

		FISCAL YEAR		FISCAL YEAR	
		2017/2018		2018/2019	
		ANNUAL BUDGET		ANNUAL BUDGET	
REVENUES					
O & M ASSESSMENTS		0		0	
O & M DIRECT BILL		0		0	
DEBT ASSESSMENTS		0		0	
DEBT DIRECT BILL		0		0	
DEVELOPER FUNDING		0		100,000	
OTHER REVENUES		0		0	
CARRY OVER FUNDS FROM PRIOR YEAR		0		0	
Total Revenues			  $	-			  $	100,000	
EXPENDITURES					
ALL BASEBALL FACILITY EXPENSES		0		0	
INFRASTRUCTURE MAINTENANCE		0		0	
ENGINEERING		0		10,000	
MANAGEMENT		0		12,005	
OPERATIONS MANAGER		0		0	
LEGAL		0		15,000	
ASSESSMENT ROLL		0		0	
AUDIT FEES		0		2,500	
ARBITRAGE REBATE FEE		0		0	
RENTS & LEASES		0		0	
INSURANCE		0		0	
LEGAL ADVERTISING		0		0	
MISCELLANEOUS		0		60,495	
POSTAGE		0		0	
OFFICE SUPPLIES		0		0	
DUES & SUBSCRIPTIONS		0		0	
TRUSTEE FEES		0		0	
CONTINUING DISCLOSURE FEE		0		0	
WEBSITE		0		0	
CONTINGENCY / PREV SHORTFALL		0		0	
Total Expenditures			  $	-			  $	100,000	

EXCESS  / (SHORTFALL)	

  $	-	

   $	-	

PAYMENT TO TRUSTEE	-	-

BALANCE	

  $	-	

  $	-	

COUNTY APPRAISER & TAX COLLECTOR FEE	-	-
DISCOUNTS FOR EARLY PAYMENTS	-	-

NET EXCESS / (SHORTFALL)	

  $	-	

  $	-	

* Fund Balance as of 7-31-2018 = N/A

UNIT SEVEN

		FISCAL YEAR		FISCAL YEAR	
		2017/2018		2018/2019	
		ANNUAL BUDGET		ANNUAL BUDGET	
REVENUES					
O & M ASSESSMENTS		0		0	
O & M DIRECT BILL		0		0	
DEBT ASSESSMENTS		0		0	
DEBT DIRECT BILL		0		0	
DEVELOPER FUNDING		0		100,000	
OTHER REVENUES		0		0	
CARRY OVER FUNDS FROM PRIOR YEAR		0		0	
Total Revenues			  $	500,000		  $	100,000	
EXPENDITURES					
ALL BASEBALL FACILITY EXPENSES		0		0	
INFRASTRUCTURE MAINTENANCE		0		0	
ENGINEERING		0		10,000	
MANAGEMENT		0		12,005	
OPERATIONS MANAGER		0		0	
LEGAL		0		15,000	
ASSESSMENT ROLL		0		0	
AUDIT FEES		0		2,500	
ARBITRAGE REBATE FEE		0		0	
RENTS & LEASES		0		0	
INSURANCE		0		0	
LEGAL ADVERTISING		0		0	
MISCELLANEOUS		0		60,495	
POSTAGE		0		0	
OFFICE SUPPLIES		0		0	
DUES & SUBSCRIPTIONS		0		0	
TRUSTEE FEES		0		0	
CONTINUING DISCLOSURE FEE		0		0	
WEBSITE		0		0	
CONTINGENCY / PREV SHORTFALL		0		0	
Total Expenditures			   $	500,000		  $	100,000	

EXCESS  / (SHORTFALL)	

  $	-	

   $	-	

PAYMENT TO TRUSTEE	-	-

BALANCE	

  $	-	

  $	-	

COUNTY APPRAISER & TAX COLLECTOR FEE	-	-
DISCOUNTS FOR EARLY PAYMENTS	-	-

NET EXCESS / (SHORTFALL)	

  $	-	

  $	-	

* Fund Balance as of 7-31-2018 = N/A

BUDGET COMPARISON

		FISCAL YEAR 2016/2017
ACTUAL		FISCAL YEAR 2017/2018
ANNUAL BUDGET		FISCAL YEAR 2018/2019
ANNUAL BUDGET	
							
REVENUES							
O & M ASSESSMENTS		776,889		982,014		1,474,475	
O & M DIRECT BILL		205,449		712,958		273,544	
DEBT ASSESSMENTS		4,162,994		5,624,488		6,567,845	
DEBT DIRECT BILL		1,917,373		1,853,411		4,545,360	
INTEREST / OTHER INCOME		5,322		1,000		1,000	
BOND PREPAYMENTS		0		0		0	
BOND PREPAYMENTS SENT TO TRUSTEE		0		0		0	
CARRY OVER FUNDS FROM PRIOR YEAR		0		0		0	
							
Total Revenues		$	7,068,027		$	9,173,872		$	12,862,225	

EXPENDITURES							
ALL BASEBALL FACILITY EXPENSES		281,909		450,000		100,000	
INFRASTRUCTURE MAINTENANCE		572,444		612,000		993,000	
ENGINEERING		355,630		85,000		97,500	
MANAGEMENT		107,476		119,481		143,491	
OPERATIONS MANAGER		43,403		50,000		50,000	
LEGAL		78,482		155,000		185,000	
ASSESSMENT ROLL		12,000		13,500		13,500	
AUDIT FEES		14,300		17,300		22,300	
ARBITRAGE REBATE FEE		1,950		6,000		6,000	
RENTS & LEASES		14,400		6,000		6,000	
INSURANCE		32,552		36,000		36,000	
LEGAL ADVERTISING		12,000		3,000		3,000	
MISCELLANEOUS		31,793		28,595		149,585	
POSTAGE		4,036		1,000		1,000	
OFFICE SUPPLIES		7,465		5,000		5,000	
DUES & SUBSCRIPTIONS		175		175		175	
TRUSTEE FEES		500		40,000		40,000	
CONTINUING DISCLOSURE FEE		7,500		7,500		7,500	
WEBSITE		0		1,500		1,500	
CONTINGENCY / CONSTRUCTION COST		0		0		0	
							
Total Expenditures		1,578,016		1,637,051		1,860,551	
							
EXCESS / (SHORTFALL)		$	5,490,011		$	7,536,821		$	11,001,674	
							
PAYMENT TO TRUSTEE (UNIT 1)		(2,372,232)		(2,375,450)		(2,373,444)	
PAYMENT TO TRUSTEE (UNIT 2)		(1,422,005)		(2,653,190)		(2,606,307)	
PAYMENT TO TRUSTEE (UNIT 3)		(1,253,179)		(1,275,997)		(1,275,997)	
PAYMENT TO TRUSTEE (UNIT 4)		(837,328)		(835,794)		(837,666)	
PAYMENT TO TRUSTEE (UNIT 5)		-		-		(3,625,720)	
							
BALANCE		$	(394,731)		$	396,390		$	282,539	
							
COUNTY APPRAISER & TAX COLLECTOR FEE		(46,128)		(132,130)		(160,846)	
DISCOUNTS FOR EARLY PAYMENTS		(185,957)		(264,260)		(321,693)	
							
NET EXCESS / (SHORTFALL)		$	(626,817)		$	-		$	(200,000)	

UNIT ONE DEBT SERVICE

	FISCAL YEAR 2018/2019
 	ANNUAL BUDGET		
REVENUES	
Interest Income	

0	
Debt Collections	2,373,444	
Total Revenues	$	2,373,444	

EXPENDITURES	
Principal Payments	

1,040,000	
Interest Payments	1,333,444	
Miscellaneous / Extra Redemption	0	
Total Expenditures	$	2,373,444	
		
Excess / (Shortfall)	$	-	

 	Series 2017 Bond Information	

Original Par Amount =	$32,165,000	Annual Principal Payments Due =	May 1st	
Avarage Interest Rate =
Issue Date =	4.47%
July 2017	Annual Interest Payments Due =	May 1st & November 1st	
Maturity Date =	May 2038			

UNIT TWO DEBT SERVICE

	FISCAL YEAR 2018/2019
 	ANNUAL BUDGET		
REVENUES	
Interest Income	

0	
Debt Collections	2,606,307	
Total Revenues	$	2,606,307	

EXPENDITURES	
Principal Payments	

965,000	
Interest Payments	1,688,815	
Miscellaneous / Extra Redemption	0	
Total Expenditures	$	2,653,815	
		
Excess / (Shortfall)	$	(47,508)	

 	Series 2005 Bond Information	

Original Par Amount =	$38,005,000	Annual Principal Payments Due =	May 1st	
Interest Rate =	5.80%	Annual Interest Payments Due =	May 1st & November 1st	
Issue Date =	November 2005
Maturity Date =	May 2036

UNIT THREE DEBT SERVICE

	FISCAL YEAR 2018/2019
 	ANNUAL BUDGET		
REVENUES	
Interest Income	

0	
Net Debt Collections	1,275,997	
Total Revenues	$	1,275,997	

EXPENDITURES	
Principal Payments	

570,000	
Interest Payments	701,385	
Miscellaneous / Extra Redemption	4,612	
Total Expenditures	$	1,275,997	
		
Excess / (Shortfall)	$	-	

 	Series 2017 Bond Information	

Original Par Amount =	$16,550,000	Annual Principal Payments Due =	May 1st	
Average Interest Rate =
Issue Date =	4.66%
July 2017	Annual Interest Payments Due =	May 1st & November 1st	
Maturity Date =	May 2037			

UNIT FOUR DEBT SERVICE

	FISCAL YEAR 2018/2019
 	ANNUAL BUDGET		
REVENUES	
Interest Income	

0	
Net Debt Collections	837,666	
Total Revenues	$	837,666	

EXPENDITURES	
Principal Payments	

235,000	
Interest Payments	598,031	
Miscellaneous / Extra Redemption	4,635	
Total Expenditures	$	837,666	
		
Excess / (Shortfall)	$	-	

 	Series 2016 Bond Information	

Original Par Amount =	$13,090,000	Annual Principal Payments Due = November 1st	
Average Interest Rate =
Issue Date =	4.88%
October 2016	Annual Interest Payments Due =	May 1st & November 1st	
Maturity Date =	November 2046		

UNIT FIVE DEBT SERVICE

	FISCAL YEAR 2018/2019
 	ANNUAL BUDGET		
REVENUES	
Direct Assessments - State of Florida	

1,000,000	
Direct Assessments - Atlanta Braves	2,625,720	
Total Revenues	$	3,625,720	

EXPENDITURES	
2017A Principal Payments	

485,000	
2017A Interest Payments	482,999	
2017B Principal Payments	1,148,694	
2017B Interest Payments	1,439,902	
Other / Extra Redemption	69,125	
Total Expenditures	$	3,625,720	
		
Excess / (Shortfall)	$	-	

 	Series 2017A Bond Information	

Original Par Amount =	$13,955,000	Annual Principal Payments Due = February 1st & August 1st	
Average Interest Rate =
Issue Date =	3.72%
December 2017	Annual Interest Payments Due = February 1st & August 1st	
Maturity Date =	February 2038		

 	Series 2017B Bond Information	

Original Par Amount =	$27,500,000	Annual Principal Payments Due = June 30th & December 30t	
Average Interest Rate =
Issue Date =	5.39%
December 2017	Annual Interest Payments Due = June 30th & December 30t	
Maturity Date =	December 2033		

ASSESSMENT RECAP DISTRICT PROPER

A	B	C	F	G	F	G	

Lot			Total Fiscal Year 2017/2018	Total Fiscal Year 2017/2018	Total Fiscal Year 2018/2019	Total Fiscal Year 2018/2019	
Type		Units	Assessment	Assessment Per Unit	Projected Assessment	 Projected Assessment Per Unit	

Developed
Lots In Unit 1 Only	Administrative
Debt	
300	$	-
$	- 	$	17.20
$	- 	$	3,843.12
$	- 	$	12.81
$	- 	
	Sub-Total		$	-	$	17.20	$	3,843.12	$	12.81	
	
Developed	Administrative		$	20,971.77
$	- 
$	20,971.77	$	17.20
$	- 
$	17.20	$	21,303.69
$	- 
$	21,303.69	$	12.81
$	- 
$	12.81	
Lots In Unit 2	Debt	1,663					
	Sub-Total						
	
Developed	Administrative		$	14,881.53
$	- 
$	14,881.53	$	17.20
$	- 
$	17.20	$	20,509.45
$	- 
$	20,509.45	$	12.81
$	- 
$	12.81	
Lots In Unit 3	Debt	1,601					
	Sub-Total						
	
Developed
Lots In Unit 4	Administrative
Debt	
355	$	-
$	- 	$	17.20
$	- 	$	4,547.69
$	- 	$	12.81
$	- 	
	Sub-Total		$	-	$	17.20	$	4,547.69	$	12.81	
	
Developed Lots
In Sarasot County	Administrative
Debt	
0	$	-
$	- 	$	17.20
$	- 	
$	- 	0	$	12.81
$	- 	
	Sub-Total		$	-	$	17.20	$	-		$	12.81	

Undeveloped
Land In Unit 1	Administrative
Debt	
10,925	$	190,414.77
$	- 	$	17.20
$	- 	$	139,953.62
$	- 	$	12.81
$	- 	
	Sub-Total		$	190,414.77	$	17.20	$	139,953.62	$	12.81	
	
Undeveloped	Administrative		$	35,268.37
$	- 
$	35,268.37	$	17.20
$	- 
$	17.20	$	3,292.27
$	- 
$	3,292.27	$	12.81
$	- 
$	12.81	
Land In Unit 2	Debt	257					
	Sub-Total						
	
Undeveloped	Administrative		$	9,703.10
$	- 
$	9,703.10	$	17.20
$	- 
$	17.20	$	2,395.54
$	- 
$	2,395.54	$	12.81
$	- 
$	12.81	
Land In Unit 3	Debt	187					
	Sub-Total						
	
Undeveloped
Land In Unit 4	Administrative
Debt	
365	$	12,197.69
$	- 	$	17.20
$	- 	$	4,675.80
$	- 	$	12.81
$	- 	
	Sub-Total		$	12,197.69	$	17.20	$	4,675.80	$	12.81	
	
Undeveloped Land
In Sarasot County	Administrative
Debt	
7,303	$	-
$	- 	$	17.20
$	- 	$	93,554.35
$	- 	$	12.81
$	- 	
	Sub-Total		$	-	$	17.20	$	93,554.35	$	12.81	

TOTAL		 22,956	

  $	283,437.23

  $	294,075.53

Administrative Assessment Includes 1% County Tax Collector Fee, a 1% County Property Appraiser Fee and a 4% discount for early payment of taxes.

Note: The Assessment is calculated by the assessable units. 1 unit = 1/2 acre or less portion.
There are 22,956.00 assessable units in the District.	12.81039954

ASSESSMENT RECAP UNIT ONE
A	B	C	F	G	F	G	

Lot			Total Fiscal Year 2017/2018	Total Fiscal Year 2017/2018	Total Fiscal Year 2018/2019	Total Fiscal Year 2018/2019	
Type		Units	Assessment	Assessment Per Unit	Projected Assessment	Projected Assessment Per Unit	

Developed
Lots In Unit 1 Only	Administrative
Debt	
300	$	-
$	- 	$	17.25
$	153.39	$	10,596.26
$	48,392.13	$	35.32
$	161.31	
	Sub-Total		$	-	$	170.64	$	58,988.40	$	196.63	
	
Developed	Administrative		$	20,971.77
$	- 
$	20,971.77	$	17.25
$	153.39
$	170.64	$	58,738.62
$	268,253.72
$	326,992.34	$	35.32
$	161.31
$	196.63	
Lots In Unit 2	Debt	1,663					
	Sub-Total						
	
Developed	Administrative		$	14,881.53
$	- 
$	14,881.53	$	17.25
$	153.39
$	170.64	$	56,548.72
$	258,252.68
$	314,801.40	$	35.32
$	161.31
$	196.63	
Lots In Unit 3	Debt	1,601					
	Sub-Total						
	
Developed
Lots In Unit 4	Administrative
Debt	
355	$	-
$	- 	$	17.25
$	153.39	$	12,538.91
$	57,264.02	$	35.32
$	161.31	
	Sub-Total		$	-	$	170.64	$	69,802.93	$	196.63	

Undeveloped
Land In Unit 1	Admin / Maint
Debt	
10,925	$	190,967.94
$	1,697,703.20	$	17.25
$	153.39	$	385,880.56
$	1,762,280.16	$	35.32
$	161.31	
	Sub-Total		$	1,888,671.14	$	170.64	$	2,148,160.72	$	196.63	
	
Undeveloped	Administrative		$	35,370.82
$	314,446.29
$	349,817.11	$	17.25
$	153.39
$	170.64	$	9,077.46
$	41,455.93
$	50,533.39	$	35.32
$	161.31
$	196.63	
Land In Unit 2	Debt	257					
	Sub-Total						
	
Undeveloped	Administrative		$	9,731.29
$	86,511.08
$	96,242.37	$	17.25
$	153.39
$	170.64	$	6,605.00
$	30,164.43
$	36,769.43	$	35.32
$	161.31
$	196.63	
Land In Unit 3	Debt	187					
	Sub-Total						
	
Undeveloped
Land In Unit 4	Administrative
Debt	
365	$	12,233.13
$	108,752.40	$	17.25
$	153.39	$	12,892.12
$	58,877.09	$	35.32
$	161.31	
	Sub-Total		$	120,985.53	$	170.64	$	71,769.21	$	196.63	

Total Admin / Maint	$	284,260.64	$	552,877.66	
Total Debt	$	2,527,074.47	$	2,524,940.17	
TOTAL			     15,653			  $	2,811,335.11		  $	3,077,817.83	$	35.32087520	
							$	161.30710856	
Admin / Maint Assessment Includes 1% County Tax Collector Fee, a 1% County Property Appraiser Fee and a 4% discount for early payment of taxes.

Note: The Assessment is calculated by the assessable units as shown in Exhibit D of the Unit 1 Report Of Engineer.

There are 15,653.00 assessable units in Unit 1.

ANNUAL ASSESSMENT METHODOLOGY UNIT ONE

Exhibit D of WVID Unit 1 Engineers Report

Column 1	Column 2	Column 3	Column 4	Column 5	Column 6	

Owner of Property	
Description of Property	Assessable Half- Acre or Less Portions	Amount of Determined Benefits	Amount of Determined Damages	Number of Acres to be Taken of Right- of-Way, ect	
						
Fourth Quarter Properties, XXXII, LLC	Exhibit D-1 of WVID Unit 1 Engineers
Report	

12,101	

$	36,816,162.00	

$0	

0	

DiVosta and Company, Inc	Exhibit D-2 of WVID Unit 1 Engineers
Report	

1,200	

$	3,650,887.89	

$0	

0	

Divosta Homes, LP	Exhibit D-3 of WVID Unit 1 Engineers
Report	

962	

$	2,926,795.13	

$0	

0	

Gran Paradiso I, LLC	Exhibit D-4 of WVID Unit 1 Engineers
Report	

1,432	

$	4,356,726.22	

$0	

0	

Gran Paradiso II, LLC	Exhibit D-5 of WVID Unit 1 Engineers
Report	

621	

$	1,889,334.48	

$0	

0	

Lee Weatherington Development, Inc.	Exhibit D-6 of WVID Unit 1 Engineers
Report	

84	

$	255,562.15	

$0	

0	

*
Amount of Benefits per Assessable Half- Acre or Less	

$	3,042.41	

$	3,042.41	

$	3,042.41	

$	3,042.41	

$	3,042.41	

$	3,042.41	

$	3,042.41

Total		

16,400	

$ 49,895,467.87	

$	-	

0	

*

* Note: These Colums / Rows are not a part of Exhibit D. These Colums / Rows show a completely equal benefit per assessable 1/2 acre or less.

ASSESSMNET RECAP UNIT TWO - GROSS

	Methodology			Total Fiscal Year	Total Fiscal Year	Total Fiscal Year	
Lot	Maximum	Admin / Maint Assessment		2017/2018	2018/2019	2018/2019	
Type	Percentage	Allocation	Units	Per Unit	Projected Assessment	Projected Per Unit	

Island Walk Single	Admin / Maint Debt	
24.08%	
102,904.86	1,799
 	1,796		$	55.85
$	378.43	$	102,904.86
$	682,282.44	$	57.20
$	379.89	
Family	Sub-Total				$	434.28	$	785,187.30	$	437.09	
	
Island Walk Multi	Admin / Maint Debt	
0.93%	
3,974.32	
70	$	55.43
$	374.99	$	3,974.32
$	26,475.40	$	56.78
$	378.22	
Family	Sub-Total				$	430.43	$	30,449.72	$	435.00	

Gran Paradiso	Admin / Maint	793	$	62.35	$	50,640.47	$	63.86
Single	Debt	11.85%	50,640.47		790		$	423.38	$	335,039.00	$	424.10
Family	Sub-Total	$	485.73	$	385,679.47	$	487.96	

Gran Paradiso
(Wetherington)	Admin / Maint	646	$	62.33	$	41,238.86	$	63.84
Single	Debt	9.65%	41,238.86		645		$	422.29	$	273,544.50	$	424.10
Family	Sub-Total	$	484.61	$	314,783.36	$	487.94	

Gran Paradiso Multi	Admin / Maint Debt	
3.56%	
15,213.51	
280	$	53.05
$	358.87	$	15,213.51
$	101,175.20	$	54.33
$	361.34	
Family (3 BDR)	Sub-Total				$	411.92	$	116,388.71	$	415.67	
	
Gran Paradiso Multi	Admin / Maint Debt	
3.18%	
13,589.59	
280	$	47.39
$	320.56	$	13,589.59
$	90,207.60	$	48.53
$	322.17	
Family (2 BDR)	Sub-Total				$	367.95	$	103,797.19	$	370.70	

Town Center Multi
Family (3 BDR)	Admin / Maint Debt
Sub-Total	
1.82%	
7,777.69	140
 	76		$	54.24
$	366.93
$	421.17	$	7,777.69
$	28,037.16
$	35,814.85	$	55.55
$	368.91
$	424.46	
	
Town Center Multi
Family (2 BDR)	Admin / Maint Debt
Sub-Total	
3.02%	
12,905.84	260
 	140		$	48.46
$	327.85
$	376.31	$	12,905.84
$	46,163.60
$	59,069.44	$	49.64
$	329.74
$	379.38	
	
Town Center	Admin / Maint				$	1,900.71	$	179,100.60	$	1,936.43	
	Debt	41.91%	179,100.60	92.49	$	12,857.91	$	1,189,742.34	$	12,863.47	
	Sub-Total				$	14,758.62	$	1,368,842.94	$	14,799.90	

$	427,345.74
$	2,772,667.24

TOTAL	100.00%	$

427,345.74

4,169

$	3,200,012.98

Unit 2 Gran Paradiso Net True Up Calculation

Total Gran Paradiso amount due for Unit 2

Gross O&M    $	120,682.44 Gross Debt	$	799,966.30	

Total Gran Paradiso
collection for Unit 2	(Shortfall) /
per new product mix	Excess

$	113,854.85	$	(6,827.59)
$	734,060.97	 $    (65,905.33)	
Gross Total	$	920,648.74	$	847,915.82	$ (72,732.92) *

* Shortfall will be billed directly to Developer of Gran Paradiso	

Admin / Maint Assessment Includes 1% County Tax Collector Fee, a 1% County Property Appraiser Fee and a 4% discount for early payment of taxes.

Note: The Debt Assessment is calculated by the Unit 2 Final Special Methodology Report percentages (Table D in Unit 2 LOM).
The Admin / Maint Assessment is calculated by maximum Methodology percentages. Methodology Report Attached.
There are 191 units with pre-paid bonds.	
3 unit in Island Walk Single Family
1 unit in the Wetherington Single Family

ASSESSMENT RECAP UNIT TWO - COLLECTION METHOD

 	TOTAL GROSS	

	Total Fiscal Year	Total Fiscal Year	
Lot		2018/2019	2018/2019	
Type	Units	Projected Assessment	Projected Per Unit	

Island Walk Single	Admin / Maint Debt	1,799
   1,797 	$	102,904.86
$	682,282.44	$	57.20
$	379.89	
Family	Sub-Total		$	785,187.30	$	437.09	
	
Island Walk	Admin / Maint		$	3,974.32	$	56.78	
Multi	Debt	70	$	26,475.40	$	378.22	
Family	Sub-Total		$	30,449.72	$	435.00	

GRAN PARADISO ON
 	ROLL GROSS	

GRAN PARADISO
  DIRECT BILL GROSS

Gran Paradiso	Admin / Maint	793	$	50,640.47	$	63.86
Single	Debt	790	$	335,039.00	$	424.10
Family	Sub-Total	$	385,679.47	$	487.96	

 	
1,587  $   101,344.80	$	63.86
 1,584  $   671,774.40	$	424.10
$  773,119.20	$	487.96	

 	
$	(387,439.73)

(50,704.33)
$	(336,735.40)

$

$	-	$	-

Gran Paradiso	$	-	$	-
(Wetherington)	Admin / Maint	646	$	41,238.86	$	63.84
Single	Debt	645	$	273,544.50	$	424.10
Family	Sub-Total	$	314,783.36	$	487.94	

 	

14     $	893.72	$	63.84
13	$	5,513.30	$	424.10
$	6,407.02	$	487.94	

 	
$	308,376.34

40,345.14
$	268,031.20

$

Gran Paradiso	Admin / Maint		$	15,213.51	$	54.33	
Multi	Debt	280	$	101,175.20	$	361.34	
Family (3 BDR)	Sub-Total		$	116,388.71	$	415.67	
	
Gran Paradiso	Admin / Maint		$	13,589.59	$	48.53	
Multi	Debt	280	$	90,207.60	$	322.17	
Family (2 BDR)	Sub-Total		$	103,797.19	$	370.70	

	$	1,086.68	$	54.33	
20	$	7,226.80	$	361.34	
	$	8,313.48	$	415.67	
	
	$	5,435.84	$	48.53	
112	$	36,083.04	$	322.17	
	$	41,518.88	$	370.70	

$	14,126.83
$	93,948.40
$	108,075.23	
	
$	8,153.76
$	54,124.56
$	62,278.32	

$   108,761.04	$	11,921.40
$  720,597.54	$	79,368.76

Gran Paradiso Direct Bill Net

$	11,206.11
$	74,606.63

TOWN CENTER ON ROLL
 	GROSS	

TOWN CENTER
  DIRECT BILL GROSS

Town Center Multi
Family (3 BDR)	Admin / Maint Debt
Sub-Total	140
76	$	7,777.69
$	28,037.16
$	35,814.85	$	55.55
$	368.91
$	424.46	
$	-	
Town Center Multi	Admin / Maint Debt	260
140	$	12,905.84
$	46,163.60	$	49.64
$	329.74	
Family (2 BDR)	Sub-Total		$	59,069.44	$	379.38	
$	-	
Town Center	Admin / Maint		$	179,100.60	$	1,936.43	
	Debt	92.00	$	1,189,742.34	$	12,863.47	
	Sub-Total		$	1,368,842.94	$	14,799.90	

 	
	$	-	$	55.55	
0	$	- 	$	368.91	
	$	-	$	424.46	
	
	$	-	$	49.64	
0	$	- 	$	329.74	
	$	-	$	379.38	
	
	$ 178,151.75	$ 1,936.43	
92	$ 1,183,439.24	$ 12,863.47	
	$ 1,361,590.99	$ 14,799.90	

 	
$	7,777.69
$	28,037.16
$	35,814.85	
	
$	12,905.84
$	46,163.60
$	59,069.44	
	
$	948.85
$	6,303.10
$	7,251.95	

 	

$	427,345.74

$ 178,151.75

$	20,683.53

$	2,772,667.24

$ 1,183,439.24

$	74,200.76

TOTAL	4,172

$	-

$	3,200,012.98

Town center Direct Bill Net

$	19,442.52

$	69,748.71

Admin / Maint Assessment Includes 1% County Tax Collector Fee, a 1% County Property Appraiser Fee and a 4% discount for early payment of taxes.

ANNUAL ASSESSMENT METHODOLOGY UNIT TWO

WATER & SEWER CAPACITY ASSESSMENT METHODOLOGY	
Annual	Annual
Water &      Annual Water    Water &
Total Number  Annual Water						Sewer		& Sewer		Sewer Number    Number of    Number of	of Equivalent	& Sewer		Total Annual		Capacity	Capacity	Capacity of Single  Multi Family   Multi Famil   Number of   Residential	Capacity	Water & Sewer Assessment Assessment Assessment Family    ERC (3 BDR  ERC (2 BDR   Commerci  Connections    Assessment			Capacity	per Single    per Small MF		per
Property	Units	ERC	or more)	or less)	al ERC	(ERCs)	per ERC	Assessment	Family &	Unit	Assessable	
Island Walk	DU	1,799	70	0	0	1869	$220.90	$412,858.81	$220.90	$0.00
Grand Paradiso	DU	1,439	280	233.24	0	1952.24	$220.90	$431,246.38	$220.90	$184.07	$0.00
Town Center	AC	0	140	216.58	510.12	866.7	$220.90	$191,452.51	$220.90	$184.07	$1,218.34

Total	510.12	4687.94	$1,035,557.70	

ROADWAYS ASSESSMENT METHODOLOGY	
					Annual	
					Roadway	
		Number	Number of	Total			Annual Assessment	
		of Single   Number of	Non-	Number of	Annual		Number of	Roadway	Roadway	per	
		Family Multi Family Residential Peak Hour	Roadway	Total Annual	Number of	Number of  Assessable Assessment Assessment Assessable	
		External	External	External	External	Assessment	Roadway	Single Family   Multi Family   Commercial    per Single	per Multi Commercial	
Property	Units	Trips	Trips	Trips	Trips	per Trip	Assessment	Units	Units	Acres	Family Unit   Family Unit	Acre	
Island Walk	DU	910	35	0	945	$269.26	$254,447.53	1,799	70	0	$136.20	$134.63	$0.00	
Grand Paradiso	DU	950	247	0	1,197	$269.26	$322,300.20	1,439	560	0	$177.76	$118.76	$0.00	
Town Center	AC	0	187	3,735	3,922	$269.26	$1,056,024.56	0	400	92.49	$125.88 $10,873.32	
Total		6,064		$1,632,722.30		

COMBINED ANNUAL ASSESSMENTS AFTER ISSUANCE OF BONDS	
Annual
Water &	Total
Sewer	Annual	Maximum
Capacity	Roadway	Annual	Total Maximum Number   Assessment  Assessment Collection  Assessment		Annual
Property	Units     of Units	per Unit	per Unit	Costs	per Unit	Assessment	
Island Walk
Single Family Residents	DU	1,799	$220.90	$136.20	$22.79	$379.89	$683,424.98 Multi Family 3BDR or larger	DU		70	$220.90	$134.63	$22.79	$379.89		$26,475.38 Multi Family 2BDR or smaller	DU			0		$0.00		$0.00		$0.00		$0.00			$0.00
Assessable Commercial/Office	AC	0	$0.00	$0.00	$0.00	$0.00	$0.00
Total Island Walk	$709,900.36

Grand Paradiso
Single Family Residents	DU	1,439	$220.90	$177.76	$25.45	$424.10	$610,283.39 Multi Family 3BDR or larger	DU		280	$220.90	$118.76	$21.68	$361.34	$101,175.22 Multi Family 2BDR or smaller	DU		280	$184.07	$118.76	$19.33	$322.17		$90,206.44 Assessable Commercial/Office	AC			0		$0.00		$0.00		$0.00		$0.00			$0.00
Total Grand Paradiso	$801,665.05

Town Center
Single Family Residents	DU			0		$220.90		$0.00		$14.10		$235.00		$0.00 Multi Family 3BDR or larger	DU		140		$220.90	$125.88		$22.13		$368.91	$51,647.45 Multi Family 2BDR or smaller	DU		260		$184.07	$125.88		$19.78		$329.74	$85,731.40 Assessable Commercial/Office	AC	92.49	$1,218.34     $10,873.32	$771.81	$12,863.47    $1,189,742.75
Total Town Center	$1,327,121.60

Total	$2,838,687.01	

Total Maximum Annual Assessment Percentage

24.08%
0.93%

21.50%
3.56%
3.18%

1.82%
3.02%
41.91%

100.00%

ASSESSMENT RECAP UNIT THREE - GROSS

	Total Fiscal Year	Total Fiscal Year	Total Fiscal Year	
	2017/2018	2018/2019	2018/2019	
Product	Total		Projected	Projected	
Category	Type	Units	Assessment Per Unit	Assessment	Assessment Per Unit	

Pre Lennar	2 Bdr Sam 35	Admin / Maint	5	$	70.66	$	610.88	$	122.18	
		Debt	       4		$	1,093.10	$	4,372.40	$	1,093.10	
		Sub-Total		$	1,163.76	$	4,983.28	$	1,215.28	
	
	3 Bdr Sam 70	Admin / Maint	6	$	70.66	$	610.88	$	122.18	
		Debt	       5		$	1,432.12	$	7,160.60	$	1,432.12	
		Sub-Total		$	1,502.78	$	7,771.48	$	1,554.30	
	
	3 Bdr Sam 80	Admin / Maint	5	$	70.66	$	610.88	$	122.18	
		Debt	       4		$	1,559.05	$	6,236.20	$	1,559.05	
		Sub-Total		$	1,629.71	$	6,847.08	$	1,681.23	
	
	3 Bdr Lee 45	Admin / Maint		$	70.66	$	488.70	$	122.18	
		Debt	4	$	1,227.41	$	4,909.64	$	1,227.41	
		Sub-Total		$	1,298.07	$	5,398.34	$	1,349.59	
	
	3 Bdr Lee 65	Admin / Maint	10	$	70.66	$	1,221.75	$	122.18	
		Debt	       9		$	1,380.47	$	12,424.23	$	1,380.47	
		Sub-Total		$	1,451.13	$	13,645.98	$	1,502.65	

 	Total	 	Pre Lennar		 30	Gross

$	3,543.08

Gross

$	35,103.07

Lennar	35'	Admin / Maint		$	70.66	$	21,869.37	$	122.18	
		Debt	179	$	521.28	$	93,309.12	$	521.28	
		Sub-Total		$	591.94	$	115,178.49	$	643.46	
	
	Townhome	Admin / Maint		$	70.66	$	51,313.61	$	122.18	
		Debt	420	$	521.28	$	218,937.60	$	521.28	
		Sub-Total		$	591.94	$	270,251.21	$	643.46	
	
	Coach	Admin / Maint		$	70.66	$	14,172.33	$	122.18	
		Debt	116	$	627.66	$	72,808.56	$	627.66	
		Sub-Total		$	698.32	$	86,980.89	$	749.84	
	
	45'	Admin / Maint		$	70.66	$	7,208.34	$	122.18	
		Debt	59	$	627.66	$	37,031.94	$	627.66	
		Sub-Total		$	698.32	$	44,240.28	$	749.84	
	
	52'	Admin / Maint		$	70.66	$	62,675.90	$	122.18	
		Debt	513	$	734.04	$	376,562.52	$	734.04	
		Sub-Total		$	804.70	$	439,238.42	$	856.22	
	
	62'	Admin / Maint		$	70.66	$	16,004.96	$	122.18	
		Debt	131	$	840.42	$	110,095.02	$	840.42	
		Sub-Total		$	911.08	$	126,099.98	$	962.60	
	
	65'	Admin / Maint		$	70.66	$	9,651.84	$	122.18	
		Debt	79	$	840.42	$	66,393.18	$	840.42	
		Sub-Total		$	911.08	$	76,045.02	$	962.60	
	
	70'	Admin / Maint		$	70.66	$	6,841.81	$	122.18	
		Debt	56	$	840.42	$	47,063.52	$	840.42	
		Sub-Total		$	911.08	$	53,905.33	$	962.60	
	
	75'	Admin / Maint		$	70.66	$	30,788.16	$	122.18	
		Debt	252	$	946.81	$	238,596.12	$	946.81	
		Sub-Total		$	1,017.47	$	269,384.28	$	1,068.99	
	
	80'	Admin / Maint		$	70.66	$	7,941.39	$	122.18	
		Debt	65	$	946.81	$	61,542.65	$	946.81	
		Sub-Total		$	1,017.47	$	69,484.04	$	1,068.99	

 	Total	 	Lennar		 1,870	Gross

$	228,467.72

Gross

$ 1,322,340.23

TOTAL GROSS	 1,900 Total Gross

$	232,132.98

Total Gross

$ 1,357,443.30

 	
TOTAL NET		 1,900 Total Net

$	218,205.00

Total Net

$ 1,275,996.70

Assessment is calculated by the 2014 Revised Unit 3 Special Methodology Report Revised Methodology Report Tables 2 & 3 Attached
There are 4 units with pre-paid bonds.	
1 unit is a Gran Paradiso 2 BDR Sam 35, 1 unit is a Gran Paradiso 3 BDR Sam 70, 1 unit is a Gran Paradiso 3 BDR Sam 80, 1 unit is a Wetherington 3 BDR Lee 65

ASSESSMENT RECAP UNIT THREE - COLLECTION METHOD

 	TOTAL GROSS		 	PLATTED ON ROLL GROSS		 DIRECT BILL GROSS	

Product	

Total	Total Fiscal Year 2018/2019
Projected	Total Fiscal Year 2018/2019
Projected	

Platted	Fiscal Year 2018/2019
Platted Total	Fiscal Year 2018/2019
Platted Per Unit				
Category	Type	Units	Assessment	Assessment Per Unit	Units	Assessments	Assessments				
							$	-		

			$	
$
$
$	
$
$
$	
$
$
$	
$
$
$		- 
-
-
- 
-
-
- 
-
-
- 
-
-
- 		
							$	-	

 	Total	 Pre Lennar 		      30 	$	3,665.26	Gross	      30 	$	3,665.26	Platted On Roll	$	-	Direct Bill	

Pre Lennar	2 Bdr Sam 35	Admin / Maint	5	$	610.88	$	122.18	
		Debt	       4		$	4,372.40	$	1,093.10	
		Sub-Total		$	4,983.28	$	1,215.28	
	
	3 Bdr Sam 70	Admin / Maint	6	$	733.05	$	122.18	
		Debt	       5		$	7,160.60	$	1,432.12	
		Sub-Total		$	7,893.65	$	1,554.30	
	
	3 Bdr Sam 80	Admin / Maint	5	$	610.88	$	122.18	
		Debt	       4		$	6,236.20	$	1,559.05	
		Sub-Total		$	6,847.08	$	1,681.23	
	
	3 Bdr Lee 45	Admin / Maint		$	488.70	$	122.18	
		Debt	4	$	4,909.64	$	1,227.41	
		Sub-Total		$	5,398.34	$	1,349.59	
	
	3 Bdr Lee 65	Admin / Maint	10	$	1,221.75	$	122.18	
		Debt	       9		$	12,424.23	$	1,380.47	
		Sub-Total		$	13,645.98	$	1,502.65	

5	$	610.88	$	122.18	
4	$	4,372.40	$	1,093.10	
	$	4,983.28	$	1,215.28	
	
6	$	733.05	$	122.18	
5	$	7,160.60	$	1,432.12	
	$	7,893.65	$	1,554.30	
	
5	$	610.88	$	122.18	
4	$	6,236.20	$	1,559.05	
	$	6,847.08	$	1,681.23	
	
	$	488.70	$	122.18	
4	$	4,909.64	$	1,227.41	
	$	5,398.34	$	1,349.59	
	
10	$	1,221.75	$	122.18	
9	$	12,424.23	$	1,380.47	
	$	13,645.98	$	1,502.65	

$	35,103.07

$	35,103.07

Gross

$	- Gross

Lennar	35'	Admin / Maint		$	21,869.37	$	122.18	
		Debt	179	$	93,309.12	$	521.28	
		Sub-Total		$	115,178.49	$	643.46	
	
	Townhome	Admin / Maint		$	51,313.61	$	122.18	
		Debt	420	$	218,937.60	$	521.28	
		Sub-Total		$	270,251.21	$	643.46	
	
	Coach	Admin / Maint		$	14,172.33	$	122.18	
		Debt	116	$	72,808.56	$	627.66	
		Sub-Total		$	86,980.89	$	749.84	
	
	45'	Admin / Maint		$	7,208.34	$	122.18	
		Debt	59	$	37,031.94	$	627.66	
		Sub-Total		$	44,240.28	$	749.84	
	
	52'	Admin / Maint		$	62,675.90	$	122.18	
		Debt	513	$	376,562.52	$	734.04	
		Sub-Total		$	439,238.42	$	856.22	
	
	62'	Admin / Maint		$	16,004.96	$	122.18	
		Debt	131	$	110,095.02	$	840.42	
		Sub-Total		$	126,099.98	$	962.60	
	
	65'	Admin / Maint		$	9,651.84	$	122.18	
		Debt	79	$	66,393.18	$	840.42	
		Sub-Total		$	76,045.02	$	962.60	
	
	70'	Admin / Maint		$	6,841.81	$	122.18	
		Debt	56	$	47,063.52	$	840.42	
		Sub-Total		$	53,905.33	$	962.60	
	
	75'	Admin / Maint		$	30,788.16	$	122.18	
		Debt	252	$	238,596.12	$	946.81	
		Sub-Total		$	269,384.28	$	1,068.99	
	
	80'	Admin / Maint		$	7,941.39	$	122.18	
		Debt	65	$	61,542.65	$	946.81	
		Sub-Total		$	69,484.04	$	1,068.99	

 	
	$	40,684.36	$	122.18	
333	$	173,586.24	$	521.28	
	$	214,270.60	$	643.46	
	
	$	30,788.16	$	122.18	
252	$	131,362.56	$	521.28	
	$	162,150.72	$	643.46	
	
	$	10,262.72	$	122.18	
84	$	52,723.44	$	627.66	
	$	62,986.16	$	749.84	
	
	$	7,208.34	$	122.18	
59	$	37,031.94	$	627.66	
	$	44,240.28	$	749.84	
	
	$	33,598.19	$	122.18	
275	$	201,861.00	$	734.04	
	$	235,459.19	$	856.22	
	
	$	27,611.61	$	122.18	
226	$	189,934.92	$	840.42	
	$	217,546.53	$	962.60	
	
	$	6,475.29	$	122.18	
53	$	44,542.26	$	840.42	
	$	51,017.55	$	962.60	
	
	$	6,841.81	$	122.18	
56	$	47,063.52	$	840.42	
	$	53,905.33	$	962.60	
	
	$	20,525.44	$	122.18	
168	$	159,064.08	$	946.81	
	$	179,589.52	$	1,068.99	
	
	$	7,941.39	$	122.18	
65	$	61,542.65	$	946.81	
	$	69,484.04	$	1,068.99	

 	
$	(99,092.11)
$	20,525.44
$	87,575.04
$	108,100.48
$	3,909.61
$	20,085.12
$	23,994.73
$	-
$	- 
$	-
$	29,077.71
$	174,701.52
$	203,779.23
$	(11,606.65)
$	(79,839.90)
$	(91,446.55)
$	3,176.56
$	21,850.92
$	25,027.48
$	-
$	- 
$	-
$	10,262.72
$	79,532.04
$	89,794.76
$	-
$	- 
$	-

(18,814.99)
$	(80,277.12)

$

  	 	

 	Total	 	Lennar		 1,870       $	228,467.72
$    1,322,340.23

Gross

   1,571       $	191,937.32
$  1,098,712.61

Platted On Roll Gross

$	36,530.40 Direct Bill
$	223,627.62 Gross

 	 	

TOTAL GROSS	 1,900 $

232,132.98

Total Gross

  1,601 $

195,602.58

Total Platted On

$	36,530.40

Total Direct

$ 1,357,443.30

$ 1,133,815.68

Roll Gross

$	223,627.62 Bill Gross

 	
TOTAL NET		 1,900 $

218,205.00

Total Net

$	183,866.42

Total Platted On

$	34,338.58

Total Direct

$ 1,275,996.70

$ 1,065,786.74

Roll Net

$	210,209.96 Bill Net

Assessment is calculated by the 2014 Revised Unit 3 Special Methodology Report Revised Methodology Report Tables 2 & 3 Attached
There are 4 units with pre-paid bonds.
1 unit is a Gran Paradiso 2 BDR Sam 35, 1 unit is a Gran Paradiso 3 BDR Sam 70, 1 unit is a Gran Paradiso 3 BDR Sam 80, 1 unit is a Wetherington 3 BDR Lee 65

REVISED ANNUAL ASSESSMENT METHODOLOGY UNIT 3
Table 2

Product Type	
Number of Units	Total Maximum
Annual Assessment per Unit *	Total Maximum Annual Assessment per Product Type	
35'	179	$490	$87,710	
Town	420	$490	$205,800	
Coach	116	$590	$68,440	
45'	59	$590	$34,810	
52'	513	$690	$353,970	
62'	131	$790	$103,490	
65'	79	$790	$62,410	
70'	56	$790	$44,240	
75'	252	$890	$224,280	
80'	65	$890	$57,850	
Totals	1870		$1,243,000	
* Does not include county fees and discounts.

The Bonds currently has a maximum annual debt service requirement of $1,274,100. The maximum annual debt service shown in Table 2 to be derived from the revised plan proposed by Lennar, together with a maximum annual assessment amount of
$29,543 derived from the twenty-six (26) existing residential units, is sufficient to retire the outstanding debt as shown in Table 3.

$1,277,343

Total Maximum Annual Assessment

$1,243,000
$34,343

Revised Methodology Maximum Annual Assessment Pre Lennar Annual Assessment*

Table 3

]

ASSESSMENT RECAP UNIT FOUR - GROSS

	Total Fiscal Year	Total Fiscal Year	Total Fiscal Year	
	2017/2018	2018/2019	2018/2019	
Product	Total		Projected	Projected	
Subdivision	Type	Units	Assessment Per Unit	Assessment	Assessment Per Unit	

Renaissance	35' Villas	Admin / Maint Debt
Sub-Total	
224	$	87.10
$	676.52
$	763.62	$	23,459.33
$	151,879.15
$	175,338.48	$	104.73
$	678.03
$	782.76	
	
	50' SF	Admin / Maint		$	87.10	$	28,591.06	$	104.73	
		Debt	273	$	996.70	$	272,709.57	$	998.94	
		Sub-Total		$	1,083.81	$	301,300.64	$	1,103.67	
	
	60' SF	Admin / Maint		$	87.10	$	20,212.73	$	104.73	
		Debt	193	$	1,210.16	$	234,084.36	$	1,212.87	
		Sub-Total		$	1,297.26	$	254,297.09	$	1,317.60	

 	Total	 	Renaissance		 690	Gross

$	72,263.13

Gross

$	658,673.09

Oasis	60' SF	Admin / Maint Debt
Sub-Total	
92	$	87.10
$	828.04
$	915.14	$	9,635.08
$	76,350.21
$	85,985.30	$	104.73
$	829.89
$	934.62	
	
	70' SF	Admin / Maint		$	87.10	$	4,608.08	$	104.73	
		Debt	44	$	977.81	$	43,120.00	$	980.00	
		Sub-Total		$	1,064.91	$	47,728.08	$	1,084.73	

 	Total	 	Oasis		 136	Gross

$	14,243.17

Gross

$	119,470.21

Preserve	33' Villas	Admin / Maint Debt
Sub-Total	
90	$	87.10
$	423.66
$	510.76	$	9,425.63
$	38,214.57
$	47,640.20	$	104.73
$	424.61
$	529.34	
	
	50' SF	Admin / Maint		$	87.10	$	11,520.21	$	104.73	
		Debt	110	$	678.27	$	74,776.60	$	679.79	
		Sub-Total		$	765.37	$	86,296.80	$	784.52	

 	Total	 	Preserve		 200	Gross

$	20,945.83

Gross

$	112,991.17

 	

TOTAL GROSS	 1,026 Total Gross

$	107,452.13

Total Gross

$	891,134.47

TOTAL NET		 1,026 Total Net

$	101,005.00

Total Net

$	837,666.40

Assessment is calculated by the 2016 Unit 4 Special Methodology Report Methodology Report Table F Data Attached

ASSESSMENT RECAP UNIT FOUR - COLLECTION METHOD

A	B	C	D	E	F	G	H	I	J

 	TOTAL GROSS		 	PLATTED ON ROLL GROSS		 DIRECT BILL GROSS 

Product	

Total	Total Fiscal Year 2018/2019
Projected	Total Fiscal Year 2018/2019
Projected		

Platted	Fiscal Year 2018/2019
Platted Total	Fiscal Year 2018/2019
Platted Per Unit		
Subdivision	Type	Units	Assessment	Assessment Per Unit		Units	Assessments	Assessments		
		$	6,283.75	$	104.73		$	17,175.58	
	60	$ 40,681.91	$	678.03		$	111,197.23	
		$ 46,965.67	$	782.76		$	128,372.82	
				
		$	8,273.60	$	104.73		$	20,317.46	
	79	$ 78,915.96	$	998.94		$	193,793.62	
		$ 87,189.56	$	1,103.67		$	214,111.08	
				
		$	3,979.71	$	104.73		$	16,233.02	
	38	$ 46,089.15	$	1,212.87		$	187,995.21	
		$ 50,068.86	$	1,317.60		$	204,228.23	

Renaissance	35' Villas	Admin / Maint		$	23,459.33	$	104.73	
		Debt	224	$	151,879.15	$	678.03	
		Sub-Total		$	175,338.48	$	782.76	
	
	50' SF	Admin / Maint		$	28,591.06	$	104.73	
		Debt	273	$	272,709.57	$	998.94	
		Sub-Total		$	301,300.64	$	1,103.67	
	
	60' SF	Admin / Maint		$	20,212.73	$	104.73	
		Debt	193	$	234,084.36	$	1,212.87	
		Sub-Total		$	254,297.09	$	1,317.60	

 	Total	 Renaissance	 690 $

72,263.13

Gross

    177 $

18,537.06

Platted On Roll

$	53,726.06

Direct Bill

$	658,673.09

$ 165,687.02

Gross

$	492,986.06 Gross

Oasis	60' SF	Admin / Maint		$	9,635.08	$	104.73	
		Debt	92	$	76,350.21	$	829.89	
		Sub-Total		$	85,985.30	$	934.62	
	
	70' SF	Admin / Maint		$	4,608.08	$	104.73	
		Debt	44	$	43,120.00	$	980.00	
		Sub-Total		$	47,728.08	$	1,084.73	

 	
	$	4,817.54	$	104.73	
46	$ 38,175.11	$	829.89	
	$ 42,992.65	$	934.62	
	
	$	2,304.04	$	104.73	
22	$ 21,560.00	$	980.00	
	$ 23,864.04	$	1,084.73	

 	
$	23,864.04

2,304.04
$	21,560.00

$

4,817.54
$	38,175.11
$	42,992.65

$

  	 	

 	Total	 	Oasis		 136 $

14,243.17

Gross

      68 $

7,121.58

Platted On Roll

$	7,121.58

Direct Bill

$	119,470.21

$ 59,735.11

Gross

$	59,735.11 Gross

Preserve	33' Villas	Admin / Maint		$	9,425.63	$	104.73	
		Debt	90	$	38,214.57	$	424.61	
		Sub-Total		$	47,640.20	$	529.34	
	
	50' SF	Admin / Maint		$	11,520.21	$	104.73	
		Debt	110	$	74,776.60	$	679.79	
		Sub-Total		$	86,296.80	$	784.52	

 	
	$	4,189.17	$	104.73	
40	$ 16,984.26	$	424.61	
	$ 21,173.42	$	529.34	
	
	$	7,331.04	$	104.73	
70	$ 47,585.11	$	679.79	
	$ 54,916.15	$	784.52	

 	
$	31,380.66

4,189.17
$	27,191.49

$

5,236.46
$	21,230.32
$	26,466.78

$

  	 	

 	Total	 	Preserve		 200 $

20,945.83

Gross

    110 $

11,520.21

Platted On Roll

$	9,425.63

Direct Bill

$	112,991.17

$ 64,569.36

Gross

$	48,421.81 Gross

 	 	

TOTAL GROSS	 1,026 $

107,452.13

Total Gross

    355 $

37,178.86

Total Platted On

$	70,273.27

Total Direct

$	891,134.47

$ 289,991.49

Roll Gross

$	601,142.98 Bill Gross

 	 	

TOTAL NET		 1,026 $

101,005.00

Total Net

    355 $

34,948.12

Total Platted On

$	66,056.88

Total Direct

$	837,666.40

$ 272,592.00

Roll Net

$	565,074.40 Bill Net

Assessment is calculated by the 2016 Unit 4 Special Methodology Report

ANNUAL ASSESSMENT METHODOLOGY UNIT FOUR

RENAISSANCE SUBDIVISION

Product Type	
Number of Units	
Net M.A.D.S. Assessment Per Unit After Contribution	Gross M.A.D.S. Assessment Per Unit After Contribution*	Total Net M.A.D.S. Assessment Per Product Type After Contribution*	Total Gross M.A.D.S. Assessment Per Product Type After Contribution*	
35' Villas	224	$	637	$	678	$	142,766	$	151,879	
50' SF	273	$	939	$	999	$	256,347	$	272,710	
60' SF	193	$	1,140	$	1,213	$	220,039	$	234,084	
Totals	690			$	619,153	$	658,673	

OASIS SUBDIVISION

Product Type	

Number of Units	
Net M.A.D.S. Assessment Per Unit After Contribution	Gross M.A.D.S. Assessment Per Unit After Contribution*	Total Net M.A.D.S. Assessment Per Product Type After Contribution*	Total Gross M.A.D.S. Assessment Per Product Type After Contribution*	
60' SF	92	$	780	$	830	$	71,769	$	76,350	
70' SF	44	$	921	$	980	$	40,533	$	43,120	
Totals	136			$	112,302	$	119,470	

PRESERVE SUBDIVISION

Product Type	
Number of Units	
Net M.A.D.S. Assessment Per Unit After Contribution	Gross M.A.D.S. Assessment Per Unit After Contribution*	Total Net M.A.D.S. Assessment Per Product Type After Contribution*	Total Gross M.A.D.S. Assessment Per Product Type After Contribution*	
33' Villas	90	$	399	$	425	$	35,922	$	38,215	
50' SF	110	$	639	$	680	$	70,290	$	74,777	
Totals	200		$	106,212	$	112,991	

TOTAL PROJECT

Product Type	

Number of Units	
Net M.A.D.S. Assessment Per Unit After Contribution	Gross M.A.D.S. Assessment Per Unit After Contribution*	Total Net M.A.D.S. Assessment Per Product Type After Contribution*	Total Gross M.A.D.S. Assessment Per Product Type After Contribution*	
33' Villas	90	$	399	$	425	$	35,922	$	38,215	
35' Villas	224	$	637	$	678	$	142,766	$	151,879	
50' SF	110	$	639	$	680	$	70,290	$	74,777	
50' SF	273	$	939	$	999	$	256,347	$	272,710	
60' SF	193	$	1,140	$	1,213	$	220,039	$	234,084	
60' SF	92	$	780	$	830	$	71,769	$	76,350	
70' SF	44	$	921	$	980	$	40,533	$	43,120	
Totals	1026			$	837,666	$	891,134	

M.A.D.S. = Maximum Annual Debt Service

*Grossed up includes 1% collection fee of County Tax Collector, 1% service fee of County Property Appraiser and 4% for early payment of taxes.

]

ASSESSMENT COMPARISON - ALL UNITS

	All Units
Total Fiscal Yea	District Proper
Total Fiscal Yea	Unit 1
Total Fiscal Yea	Unit 2
Total Fiscal Yea	Unit 3
Total Fiscal Yea	Unit 4
Total Fiscal Yea	All Units
Total Fiscal Year	
Lot	Product	2017/2018	2018/2019	2018/2019	2018/2019	2018/2019	2018/2019	2018/2019	
		Assessment	Assessment	Assessment	Assessment	Assessment	Assessment	Assessmen	
Type	Type	 Per Unit	 Per Unit	 Per Unit	Per Unit	 Per Unit	 Per Unit	 Per Unit	

Island Walk	Island Walk Single
Family	Admin / Maint Debt
Sub-Total	$	90.31
$	531.82
$	622.13	$	12.81
$	- 
$	12.81	$	35.32
$	161.31
$	196.63	$	57.20
$	379.89
$	437.09	$	-
$	- 
$	-	$	-
$	- 
$	-	$	105.33
$	541.20

$	646.53	

	Island Walk
Multi
Family	Admin / Maint
Debt
Sub-Total	$	89.89
$	528.38
$	618.27	$	12.81
$	-
$	12.81	$	35.32	$	56.78	$	-	$	-	$	104.91	
					$	161.31	$	378.22	$	- 	$	- 	$	539.53	
					$	196.63	$	435.00	$	-	$	-	
$	644.43	

Pre Lennar	2 Bdr Sam 35	Admin / Maint Debt
Sub-Total	$	167.47
$	1,669.87
$	1,837.34	$	12.81
$	- 
$	12.81	$	35.32
$	161.31
$	196.63	$	63.86
$	424.10
$	487.96	$	122.18
$	1,093.10
$	1,215.28	$	-
$	- 
$	-	$	234.17
$	1,678.51

$	1,912.67	

	3 Bdr Sam 70	Admin / Maint	$	167.47	$	12.81	$	35.32	$	63.86	$	122.18	$	-	$	234.17	
		Debt	$	2,008.89	$	- 	$	161.31	$	424.10	$	1,432.12	$	- 	$	2,017.53	
		Sub-Total	$	2,176.36	$	12.81	$	196.63	$	487.96	$	1,554.30	$	-	
$	2,251.69	

	3 Bdr Sam 80	Admin / Maint	$	167.47	$	12.81	$	35.32	$	63.86	$	122.18	$	-	$	234.17	
		Debt	$	2,135.82	$	- 	$	161.31	$	424.10	$	1,559.05	$	- 	$	2,144.46	
		Sub-Total	$	2,303.29	$	12.81	$	196.63	$	487.96	$	1,681.23	$	-	
$	2,378.62	

	3 Bdr Lee 45	Admin / Maint	$	150.27	$	12.81	$	35.32	$	63.86	$	122.18	$	-	$	234.17	
		Debt	$	1,821.38	$	- 	$	161.31	$	424.10	$	1,227.41	$	- 	$	1,812.82	
		Sub-Total	$	1,971.65	$	12.81	$	196.63	$	487.96	$	1,349.59	$	-	
$	2,046.98	

	3 Bdr Lee 65	Admin / Maint	$	150.27	$	12.81	$	35.32	$	63.86	$	122.18	$	-	$	234.17	
		Debt	$	1,974.44	$	- 	$	161.31	$	424.10	$	1,380.47	$	- 	$	1,965.88	
		Sub-Total	$	2,124.71	$	12.81	$	196.63	$	487.96	$	1,502.65	$	-	
$	2,200.04	

Post Lennar	35'	Admin / Maint	$	167.47	$	12.81	$	35.32	$	48.53	$	122.18	$	-	$	218.84	
		Debt	$	1,098.05	$	- 	$	161.31	$	322.17	$	521.28	$	- 	$	1,004.76	
		Sub-Total	$	1,265.52	$	12.81	$	196.63	$	370.70	$	643.46	$	-	
$	1,223.60	

	Townhome	Admin / Maint	$	152.51	$	12.81	$	35.32	$	48.53	$	122.18	$	-	$	218.84	
		Debt	$	995.23	$	- 	$	161.31	$	322.17	$	521.28	$	- 	$	1,004.76	
		Sub-Total	$	1,147.74	$	12.81	$	196.63	$	370.70	$	643.46	$	-	
$	1,223.60	

	Coach	Admin / Maint	$	158.17	$	12.81	$	35.32	$	54.33	$	122.18	$	-	$	224.64	
		Debt	$	1,139.91	$	- 	$	161.31	$	361.34	$	627.66	$	- 	$	1,150.31	
		Sub-Total	$	1,298.09	$	12.81	$	196.63	$	415.67	$	749.84	$	-	
$	1,374.95	

	45'	Admin / Maint	$	167.47	$	12.81	$	35.32	$	63.86	$	122.18	$	-	$	234.17	
		Debt	$	1,204.43	$	- 	$	161.31	$	424.10	$	627.66	$	- 	$	1,213.07	
		Sub-Total	$	1,371.90	$	12.81	$	196.63	$	487.96	$	749.84	$	-	
$	1,447.23	

	52'	Admin / Maint	$	167.47	$	12.81	$	35.32	$	63.86	$	122.18	$	-	$	234.17	
		Debt	$	1,310.81	$	- 	$	161.31	$	424.10	$	734.04	$	- 	$	1,319.45	
		Sub-Total	$	1,478.28	$	12.81	$	196.63	$	487.96	$	856.22	$	-	
$	1,553.61	
	
	62'	Admin / Maint	$	167.47	$	12.81	$	35.32	$	63.86	$	122.18	$	-	$	234.17	
		Debt	$	1,417.19	$	- 	$	161.31	$	424.10	$	840.42	$	- 	$	1,425.83	
		Sub-Total	$	1,584.66	$	12.81	$	196.63	$	487.96	$	962.60	$	-	
$	1,659.99	

	65'	Admin / Maint	$	167.47	$	12.81	$	35.32	$	63.86	$	122.18	$	-	$	234.17	
		Debt	$	1,417.19	$	- 	$	161.31	$	424.10	$	840.42	$	- 	$	1,425.83	
		Sub-Total	$	1,584.66	$	12.81	$	196.63	$	487.96	$	962.60	$	-	
$	1,659.99	

	70'	Admin / Maint	$	167.47	$	12.81	$	35.32	$	63.86	$	122.18	$	-	$	234.17	
		Debt	$	1,417.19	$	- 	$	161.31	$	424.10	$	840.42	$	- 	$	1,425.83	
		Sub-Total	$	1,584.66	$	12.81	$	196.63	$	487.96	$	962.60	$	-	
$	1,659.99	

	75'	Admin / Maint	$	167.47	$	12.81	$	35.32	$	63.86	$	122.18	$	-	$	234.17	
		Debt	$	1,523.58	$	- 	$	161.31	$	424.10	$	946.81	$	- 	$	1,532.22	
		Sub-Total	$	1,691.05	$	12.81	$	196.63	$	487.96	$	1,068.99	$	-	
$	1,766.38	

	80'	Admin / Maint	$	167.47	$	12.81	$	35.32	$	63.86	$	122.18	$	-	$	234.17	
		Debt	$	1,523.58	$	- 	$	161.31	$	424.10	$	946.81	$	- 	$	1,532.22	
		Sub-Total	$	1,691.05	$	12.81	$	196.63	$	487.96	$	1,068.99	$	-	
$	1,766.38	

Renaissance	35' Villa	Admin / Maint Debt
Sub-Total	$	130.61
$	829.90
$	960.52	$	12.81
$	- 
$	12.81	$	35.32
$	161.31
$	196.63	$	9.27
$	- 
$	9.27	$	-
$	- 
$	-	$	104.73
$	678.03
$	782.76	$	162.13
$	839.34

$	1,001.47	

	50'	Admin / Maint	$	130.61	$	12.81	$	35.32	$	9.27	$	-	$	104.73	$	162.13	
		Debt	$	1,150.09	$	- 	$	161.31	$	- 	$	- 	$	998.94	$	1,160.24	
		Sub-Total	$	1,280.70	$	12.81	$	196.63	$	9.27	$	-	$	1,103.67	
$	1,322.37	

	60'	Admin / Maint	$	130.61	$	12.81	$	35.32	$	9.27	$	-	$	104.73	$	162.13	
		Debt	$	1,363.55	$	- 	$	161.31	$	- 	$	- 	$	1,212.87	$	1,374.18	
		Sub-Total	$	1,494.16	$	12.81	$	196.63	$	9.27	$	-	$	1,317.60	
$	1,536.31	

Oasis	60'	Admin / Maint	$	130.61	$	12.81	$	35.32	$	9.27	$	-	$	104.73	$	162.13	
		Debt	$	981.43	$	- 	$	161.31	$	- 	$	- 	$	829.89	$	991.20	
		Sub-Total	$	1,112.04	$	12.81	$	196.63	$	9.27	$	-	$	934.62	
$	1,153.33	

	70'	Admin / Maint	$	130.61	$	12.81	$	35.32	$	9.27	$	-	$	104.73	$	162.13	
		Debt	$	1,131.20	$	- 	$	161.31	$	- 	$	- 	$	980.00	$	1,141.31	
		Sub-Total	$	1,261.81	$	12.81	$	196.63	$	9.27	$	-	$	1,084.73	
$	1,303.44	

Preserve	33' Villa	Admin / Maint	$	130.61	$	12.81	$	35.32	$	9.27	$	-	$	104.73	$	162.13	
		Debt	$	577.05	$	- 	$	161.31	$	- 	$	- 	$	424.61	$	585.91	
		Sub-Total	$	707.66	$	12.81	$	196.63	$	9.27	$	-	$	529.34	
$	748.04	

	50'	Admin / Maint	$	130.61	$	12.81	$	35.32	$	9.27	$	-	$	104.73	$	162.13	
		Debt	$	831.66	$	- 	$	161.31	$	- 	$	- 	$	679.79	$	841.09	
		Sub-Total	$	962.27	$	12.81	$	196.63	$	9.27	$	-	$	784.52	$	1,003.23	

Town Center	Town Center Multi
Family (3 BDR)	Admin / Maint Debt
Sub-Total	$	88.70
$	520.32
$	609.02	$	12.81
$	- 
$	12.81	$	35.32
$	161.31
$	196.63	$	55.55
$	368.91
$	424.46	$	-
$	- 
$	-	$	-
$	- 
$	-	$	103.69
$	530.22

$	633.90	

	Town Center	Admin / Maint	$	82.92	$	12.81	$	35.32	$	49.64	$	-	$	-	$	97.77	
	Multi	Debt	$	481.24	$	- 	$	161.31	$	329.74	$	- 	$	- 	$	491.05	
	Family (2 BDR)	Sub-Total	$	564.16	$	12.81	$	196.63	$	379.38	$	-	$	-	
$	588.82	

	Town Center	Admin / Maint	$	1,935.16	$	12.81	$	35.32	$	1,936.43	$	-	$	-	$	1,984.56	
		Debt	$	13,011.30	$	- 	$	161.31	$	12,863.47	$	- 	$	- 	$	13,024.78	
		Sub-Total	$	14,946.46	$	12.81	$	196.63	$	14,799.90	$	-	$	-	
$	15,009.34	

Undeveloped	Per Half Acre	Admin / Maint	$	34.46	$	12.81	$	35.32	$	-	$	-	$	-	$	48.13	
Land In Unit 1	or Less	Debt	$	153.39	$	- 	$	161.31	$	- 	$	- 	$	- 	$	161.31	
Only		Sub-Total	$	187.85	$	12.81	$	196.63	$	-	$	-	$	-	
$	209.44	
	
Undeveloped	Per Half Acre	Admin / Maint	$	34.46	$	12.81	$	35.32	$	-	$	-	$	-	$	48.13	
Land In Unit 2	or Less	Debt	$	153.39	$	- 	$	161.31	$	- 	$	- 	$	- 	$	161.31	
(not in Unit 3)		Sub-Total	$	187.85	$	12.81	$	196.63	$	-	$	-	$	-	
$	209.44	
	
Undeveloped	Per Half Acre	Admin / Maint	$	34.46	$	12.81	$	35.32	$	-	$	-	$	-	$	48.13	
Land In Unit 3	or Less	Debt	$	153.39	$	- 	$	161.31	$	- 	$	- 	$	- 	$	161.31	
		Sub-Total	$	187.85	$	12.81	$	196.63	$	-	$	-	$	-	
$	209.44	
	
Undeveloped	Per Half Acre	Admin / Maint	$	34.46	$	12.81	$	35.32	$	-	$	-	$	-	$	48.13	
Land In Unit 4	or Less	Debt	$	153.39	$	- 	$	161.31	$	- 	$	- 	$	- 	$	161.31	
		Sub-Total	$	187.85	$	12.81	$	196.63	$	-	$	-	$	-	
$	209.44	

Admin / Maint Assessment Includes 1% County Tax Collector Fee, a 1% County Property Appraiser Fee and a 4% discount for early payment of taxes.

Assessment Comparison Totals

	All Units	All Units	
Lot	Product	Fiscal Year 2017/2018	Fiscal Year 2018/2019	
Type	Type	Assessment Totals	Assessment Totals	

Island Walk	Island Walk Single Family	$622.13	$646.53	
	
	Island Walk Multi Family	$618.27	$644.43	

Pre Lennar	2 Bdr Sam 35	$1,837.34	$1,912.67	
	
	3 Bdr Sam 70	$2,176.36	$2,251.69	
	
	3 Bdr Sam 80	$2,303.29	$2,378.62	
	
	3 Bdr Lee 45	$1,971.65	$2,046.98	
	
	3 Bdr Lee 65	$2,124.71	$2,200.04	

Lennar	35'	$1,147.74	$1,223.60	
	
	Townhome	$1,147.74	$1,223.60	
	
	Coach	$1,298.09	$1,374.95	
	
	45'	$1,371.90	$1,447.23	
	
	52'	$1,478.28	$1,553.61	
	
	62'	$1,584.66	$1,659.99	
	
	65'	$1,584.66	$1,659.99	
	
	70'	$1,584.66	$1,659.99	
	
	75'	$1,691.05	$1,766.38	
	
	80'	$1,691.05	$1,766.38	

Renaissance	35' Villa	$960.52	$1,001.47	
	
	50' SF	$1,280.70	$1,322.37	
	
	60' SF	$1,494.16	$1,536.31	
	
Oasis	60' SF	$1,112.04	$1,153.33	
	
	70' SF	$1,261.81	$1,303.44	
	
Preserve	33' Villia	$707.66	$748.04	
	
	50' SF	$962.27	$1,003.23	

Town Center	Town Center Multi Family (3 BDR)	$609.02	$633.90	
	
	Town Center Multi Family (2 BDR)	$564.16	$588.82	
	
	Town Center	$14,946.46	$15,009.34	

Undeveloped Land In Unit 1 Only	Per Half Acre
or Less	$187.85	$209.44	

Undeveloped Land In Unit 2 (not in Unit 3)	Per Half Acre
or Less	$187.85	$209.44	

Undeveloped Land In Unit 3	Per Half Acre
or Less	$187.85	$209.44	

Undeveloped Land In Unit 4	Per Half Acre
or Less	$187.85	$209.44