West Villages Improvement District

Final Budget For Fiscal Year 2019/2020
October 1, 2019 - September 30, 2020

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 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
FINAL DEBT SERVICE FUND BUDGET-UNIT SEVEN
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 SEVEN 		 	TOTAL		
O & M ASSESSMENTS		309,745		1,055,378		42,439		168,373		112,619		0		0		1,688,554	
O & M DIRECT BILL		0		0		2,813		12,784		50,193		67,905		364,555		498,250	
DEBT ASSESSMENTS		0		2,528,025		2,646,152		1,247,413		571,390		0		0		6,992,980	
DEBT DIRECT BILL		0		0		116,724		98,780		300,560		3,625,720		773,731		4,915,516	
INTEREST / OTHER INCOME		1,000		0		0		0		0		0		0		1,000	
DEVELOPER FUNDING		0		0		0		0		0		0		0		0	
 CARRY OVER FUNDS FROM PRIOR YEAR 		 	0		 	0		 	0		 	0		 	0		 	0		 	0		 	0	
Total Revenues		$	310,745		$	3,583,403		$	2,808,127		$	1,527,351		$	1,034,762		$	3,693,625		$	1,138,286		$ 14,096,301	

 EXPENDITURES																		
MISC BASEBALL FACILITY EXPENSES		0		0		0		0		0		0		0		0	
INFRASTRUCTURE MAINTENANCE		0		928,000		0		92,000		95,000		15,000		269,000		1,399,000	
ENGINEERING		45,000		5,000		3,000		20,000		3,000		2,500		2,000		80,500	
MANAGEMENT		60,586		12,005		12,005		12,005		12,005		12,005		12,005		132,616	
OPERATIONS MANAGER		20,600		20,600		0		20,600		10,300		10,300		10,300		92,700	
LEGAL		80,000		15,000		15,000		15,000		15,000		15,000		15,000		170,000	
ASSESSMENT ROLL		7,500		1,500		1,500		1,500		1,500		0		0		13,500	
AUDIT FEES		4,800		2,500		2,500		2,500		2,500		2,500		2,500		19,800	
ARBITRAGE REBATE FEE		0		1,500		1,500		1,500		1,500		0		0		6,000	
RENTS & LEASES		15,000		0		0		0		0		0		0		15,000	
INSURANCE		40,000		0		0		0		0		0		0		40,000	
LEGAL ADVERTISING		3,000		0		0		0		0		0		0		3,000	
MISCELLANEOUS		3,000		1,700		1,700		1,700		10,000		5,000		50,000		73,100	
POSTAGE		1,000		0		0		0		0		0		0		1,000	
OFFICE SUPPLIES		10,000		0		0		0		0		0		0		10,000	
DUES & SUBSCRIPTIONS		175		0		0		0		0		0		0		175	
TRUSTEE FEES		0		3,750		5,000		3,750		3,750		5,600		3,750		25,600	
WEBSITE		1,500		0		0		0		0		0		0		1,500	
 CONTINUING DISCLOSURE FEE			 	0		 	500		 	500		 	500		 	1,500		 	0		 	0		 	3,000	
Total Expenditures		$	292,161		$	992,055		$	42,705		$	171,055		$	156,055		$	67,905		$	364,555		$	2,086,491	
																	
EXCESS / (SHORTFALL)		$	18,585		$	2,591,348		$	2,765,422		$	1,356,296		$	878,707		$	3,625,720		$	773,731		$ 12,009,810	

PAYMENT TO TRUSTEE (UNIT 1)		
0		
(2,376,344)		
0		
0		
0		
0		
0		
(2,376,344)	
PAYMENT TO TRUSTEE (UNIT 2)		0		0		(2,604,107)		0		0		0		0		(2,604,107)	
PAYMENT TO TRUSTEE (UNIT 3)		0		0		0		(1,271,349)		0		0		0		(1,271,349)	
PAYMENT TO TRUSTEE (UNIT 4)		0		0		0		0		(837,666)		0		0		(837,666)	
PAYMENT TO TRUSTEE (UNIT 5)		0		0		0		0		0		(3,625,720)		0		(3,625,720)	
PAYMENT TO TRUSTEE (UNIT 7)		0		0		0		0		0		0		(773,731)		(773,731)	
BALANCE		$	18,585		$	215,004		$	161,315		$	84,947		$	41,041		$	-		$	-		$	520,892	

COUNTY APPRAISER & TAX COLLECTOR FEE	
(6,195)	
(71,668)	
(53,772)	
(28,316)	
(13,680)	
-	-	
(173,631)	
DISCOUNTS FOR EARLY PAYMENTS	(12,390)	(143,336)	(107,544)	(56,631)	(27,360)	-	-	(347,261)	
NET EXCESS / (SHORTFALL)		$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	-	

INFRASTRUCTURE MAINTENANCE BREAKDOWN

 MAINTENANCE EXPENDITURE		DISTRICT
 	PROPER		
 	UNIT ONE		
 	UNIT TWO		
      UNIT THREE		
 	UNIT FOUR		
 	UNIT FIVE		
      UNIT SEVEN		
 	TOTAL		
Lake Maintenance	0	35,000	0	0	85,000	15,000	14,000	149,000	
Mitigation Maintenance	0	0	0	0	10,000	0	0	10,000	
Road Maintenance / Resurface	0	163,000	0	92,000	0	0	0	255,000	
Landscaping	0	650,000	0	0	0	0	240,000	890,000	
Security Services	0	5,000	0	0	0	0	0	5,000	
Street Lighting	0	75,000	0	0	0	0	15,000	90,000	
 TOTAL MAINTENANCE EXPENDITURE	$	-			  $	928,000 		  $	-			  $	92,000 		  $	95,000 		  $	15,000 		  $	269,000 		  $	1,399,000 	
NOTES:

Unit 1 Resurfacing reserves cover Preto ( between US 41 and Playmore ) , Playmore and WV Parkway ( north and south of US 41 )
Unit 1 Maintenance includes US 41, Preto ( between US 41 and Playmore ), Playmore and WV Parkway ( north and south of US 41 )
Unit 1 includes Dog Park
Unit 3 Resurfacing reserves only covers District owned roads
Unit 7 Maintenance includes West Villages Parkway ( south of Playmore ), Preto Boulevard ( south of Playmore ) , Playmore east of Braves, Road Segment 25

Resurfacing reserves for West Villages Parkway ( south of Playmore ) and Preto Boulevard ( south of Playmore ) will begin in Fiscal Year 2020/2021
Lake maintenace also includes costs for fountain maintenance

DISTRICT PROPER

	FISCAL YEAR		FISCAL YEAR	
	2018/2019		2019/2020	
	 	ANNUAL BUDGET			 	ANNUAL BUDGET		
 REVENUES	
O & M ASSESSMENTS	
294,076		
309,745	
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	$	295,076		$	310,745	

 EXPENDITURES	
ENGINEERING	
45,000		
45,000	
MANAGEMENT	59,456		60,586	
OPERATIONS MANAGER	25,000		20,600	
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		15,000	
INSURANCE	36,000		40,000	
LEGAL ADVERTISING	3,000		3,000	
MISCELLANEOUS	3,000		3,000	
POSTAGE	1,000		1,000	
OFFICE SUPPLIES	5,000		10,000	
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	$	277,431		$	292,161	
				
EXCESS / (SHORTFALL)	$	17,645		$	18,585	

PAYMENT TO TRUSTEE	
-		
-	
BALANCE	$	17,645		$	18,585	

COUNTY APPRAISER & TAX COLLECTOR FEE	
(5,882)		
(6,195)	
DISCOUNTS FOR EARLY PAYMENTS	(11,763)		(12,390)	
NET EXCESS / (SHORTFALL)	$	-		$	-	
* Fund Balance as of 4-30-2019	= $702,620.00			

UNIT ONE

 REVENUES	

FISCAL YEAR	FISCAL YEAR
2018/2019	2019/2020
 	ANNUAL BUDGET		 	ANNUAL BUDGET	

O & M ASSESSMENTS	552,878	1,055,378
O & M DIRECT BILL	0	0
DEBT ASSESSMENTS	2,524,940	2,528,025
DEBT DIRECT BILL	0	0
DEVELOPER CONTRIBUTION	0	0
OTHER REVENUES	0	0

Total Revenues

$	3,077,818	$

3,583,403

 EXPENDITURES	
INFRASTRUCTURE MAINTENANCE	455,000	928,000
ENGINEERING	7,500	5,000
MANAGEMENT	12,005	12,005
OPERATIONS MANAGER	12,500	20,600
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	3,750
CONTINUING DISCLOSURE FEE	500	500
WEBSITE	0	0
CONTINGENCY / PREV SHORTFALL	0	0

Total Expenditures

$	519,705	$

992,055

EXCESS / (SHORTFALL)

$	2,558,113	$

2,591,348

PAYMENT TO TRUSTEE	(2,373,444)	(2,376,344)

BALANCE

$	184,669	$

215,004

COUNTY APPRAISER & TAX COLLECTOR FEE	(61,556)	(71,668)
DISCOUNTS FOR EARLY PAYMENTS	(123,113)	(143,336)
NET EXCESS / (SHORTFALL)	$	-	$	-
* Fund Balance as of 4-30-2019 = $51,450.00

UNIT TWO

	FISCAL YEAR	FISCAL YEAR	
	2018/2019	2019/2020	
	 	ANNUAL BUDGET		 	ANNUAL BUDGET		
 REVENUES	
O & M ASSESSMENTS		
394,741	42,439	
O & M DIRECT BILL		30,649	2,813	
DEBT ASSESSMENTS		2,619,098	2,646,152	
DEBT DIRECT BILL		144,355	116,724	
DEVELOPER CONTRIBUTION		0	0	
OTHER REVENUES		0	0	
CARRY OVER FUNDS FROM PRIOR YEAR		0	0	
Total Revenues		$	3,188,843	$	2,808,127	

EXPENDITURES			
INFRASTRUCTURE MAINTENANCE		337,000	0	
ENGINEERING		7,500	3,000	
MANAGEMENT		12,005	12,005	
OPERATIONS MANAGER		12,500	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	5,000	
CONTINUING DISCLOSURE FEE		500	500	
WEBSITE		0	0	
CONTINGENCY / PREV SHORTFALL		0	0	
Total Expenditures		$	401,705	$	42,705	

	
EXCESS / (SHORTFALL)		$	2,787,138	$	2,765,422	

PAYMENT TO TRUSTEE		
(2,606,307)	(2,604,107)	
BALANCE		$	180,830	$	161,315	

COUNTY APPRAISER & TAX COLLECTOR FEE		
(60,277)	(53,772)	
DISCOUNTS FOR EARLY PAYMENTS		(120,554)	(107,544)	
NET EXCESS / (SHORTFALL)		$	-	$	-	
* Fund Balance as of 4-30-2019	=	
$453,327.00	

UNIT THREE

	FISCAL YEAR		FISCAL YEAR	
	2018/2019		2019/2020	
	 	ANNUAL BUDGET			 	ANNUAL BUDGET		
 REVENUES	
O & M ASSESSMENTS		
195,603		
168,373	
O & M DIRECT BILL		34,339		12,784	
DEBT ASSESSMENTS		1,133,816		1,247,413	
DEBT DIRECT BILL		210,210		98,780	
DEVELOPER CONTRIBUTION		0		0	
OTHER REVENUES		0		0	
CARRY OVER FUNDS FROM PRIOR YEAR		0		0	
Total Revenues		$	1,573,967		$	1,527,351	

EXPENDITURES					
INFRASTRUCTURE MAINTENANCE		159,000		92,000	
ENGINEERING		10,000		20,000	
MANAGEMENT		12,005		12,005	
OPERATIONS MANAGER		0		20,600	
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		3,750	
CONTINUING DISCLOSURE FEE		5,000		500	
WEBSITE		0		0	
CONTINGENCY / PREV SHORTFALL		0		0	
Total Expenditures		$	218,205		$	171,055	
					
EXCESS / (SHORTFALL)		$	1,355,762		$	1,356,296	

PAYMENT TO TRUSTEE		
(1,275,997)		
(1,271,349)	
BALANCE		$	79,765		$	84,947	

COUNTY APPRAISER & TAX COLLECTOR FEE		
(26,588)		
(28,316)	
DISCOUNTS FOR EARLY PAYMENTS		(53,177)		(56,631)	
NET EXCESS / (SHORTFALL)		$	-		$	-	
* Fund Balance as of 4-30-2019	=	$468,843.00			

UNIT FOUR

		FISCAL YEAR		FISCAL YEAR	
		2018/2019		2019/2020	
		 	ANNUAL BUDGET			 	ANNUAL BUDGET		
 REVENUES	
O & M ASSESSMENTS		
37,179		
112,619	
O & M DIRECT BILL		66,057		50,193	
DEBT ASSESSMENTS		289,991		571,390	
DEBT DIRECT BILL		565,074		300,560	
DEVELOPER CONTRIBUTION		0		0	
OTHER REVENUES		0		0	
CARRY OVER FUNDS FROM PRIOR YEAR		0		0	
Total Revenues		$	958,302		$	1,034,762	

EXPENDITURES					
INFRASTRUCTURE MAINTENANCE		42,000		95,000	
ENGINEERING		5,000		3,000	
MANAGEMENT		12,005		12,005	
OPERATIONS MANAGER		0		10,300	
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		3,750	
CONTINUING DISCLOSURE FEE		1,500		1,500	
WEBSITE		0		0	
CONTINGENCY / PREV SHORTFALL		0		0	
Total Expenditures		$	101,005		$	156,055	
					
EXCESS / (SHORTFALL)		$	857,297		$	878,707	

PAYMENT TO TRUSTEE		
(837,666)		
(837,666)	
BALANCE		$	19,630		$	41,041	

COUNTY APPRAISER & TAX COLLECTOR FEE		
(6,543)		
(13,680)	
DISCOUNTS FOR EARLY PAYMENTS		(13,087)		(27,360)	
NET EXCESS / (SHORTFALL)		$	-		$	-	
* Fund Balance as of 4-30-2019	=	$151,935.00			

UNIT FIVE

 REVENUES	

FISCAL YEAR	FISCAL YEAR
2018/2019	2019/2020
 	ANNUAL BUDGET		 	ANNUAL BUDGET	

O & M ASSESSMENTS	0	0
O & M DIRECT BILL	142,500	67,905
DEBT ASSESSMENTS	0	0
DEBT DIRECT BILL	3,625,720	3,625,720
DEVELOPER CONTRIBUTION	0	0
OTHER REVENUES	0	0
CARRY OVER FUNDS FROM PRIOR YEAR	0	0

Total Revenues

$	3,768,220	$

3,693,625

EXPENDITURES

BASEBALL FACILITY EXPENSES	100,000	0
INFRASTRUCTURE MAINTENANCE	0	15,000
ENGINEERING	2,500	2,500
MANAGEMENT	12,005	12,005
OPERATIONS MANAGER	0	10,300
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	5,000
POSTAGE	0	0
OFFICE SUPPLIES	0	0
DUES & SUBSCRIPTIONS	0	0
TRUSTEE FEES	0	5,600
CONTINUING DISCLOSURE FEE	0	0
WEBSITE	0	0
CONTINGENCY / PREV SHORTFALL	0	0

Total Expenditures

$	142,500	$

67,905

 	 	

EXCESS / (SHORTFALL)

$	3,625,720	$

3,625,720

PAYMENT TO TRUSTEE	(3,625,720)	(3,625,720)

BALANCE

$	-	$	-

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

NET EXCESS / (SHORTFALL)	$	-	$	-
 	 	
* Fund Balance as of 4-30-2019 = ($270,588.00)

UNIT SEVEN

 REVENUES	

FISCAL YEAR	FISCAL YEAR
2018/2019	2019/2020
 	ANNUAL BUDGET		 	ANNUAL BUDGET	

O & M ASSESSMENTS	0	0
O & M DIRECT BILL	0	364,555
DEBT ASSESSMENTS	0	0
DEBT DIRECT BILL	0	773,731
DEVELOPER FUNDING	100,000	0
OTHER REVENUES	0	0
CARRY OVER FUNDS FROM PRIOR YEAR	0	0

Total Revenues

$	100,000	$

1,138,286

EXPENDITURES

INFRASTRUCTURE MAINTENANCE	0	269,000
ENGINEERING	10,000	2,000
MANAGEMENT	12,005	12,005
OPERATIONS MANAGER	0	10,300
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	60,495	50,000
POSTAGE	0	0
OFFICE SUPPLIES	0	0
DUES & SUBSCRIPTIONS	0	0
TRUSTEE FEES	0	3,750
CONTINUING DISCLOSURE FEE	0	0
WEBSITE	0	0
CONTINGENCY / PREV SHORTFALL	0	0

Total Expenditures

$	100,000	$

364,555

EXCESS / (SHORTFALL)	$	-	$	773,731

PAYMENT TO TRUSTEE	-	(773,731)

BALANCE

$	-	$	-

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

NET EXCESS / (SHORTFALL)	$	-	$	-

BUDGET COMPARISON

		FISCAL YEAR 2017/2018
ACTUAL		FISCAL YEAR 2018/2019
ANNUAL BUDGET		FISCAL YEAR 2019/2020
ANNUAL BUDGET	
							
REVENUES							
O & M ASSESSMENTS		784,464		1,474,475		1,688,554	
O & M DIRECT BILL		213,356		273,544		498,250	
DEBT ASSESSMENTS		4,376,188		6,567,845		6,992,980	
DEBT DIRECT BILL		1,720,795		4,545,360		4,915,516	
INTEREST / OTHER INCOME		397,686		1,000		1,000	
BOND PREPAYMENTS		0		0		0	
BOND PREPAYMENTS SENT TO TRUSTEE		0		0		0	
DEVELOPER FUNDING		11,640,083		200,000		0	
CARRY OVER FUNDS FROM PRIOR YEAR		0		0		0	
							
Total Revenues		$	19,132,572		$	13,062,225		$	14,096,301	

EXPENDITURES							
ALL BASEBALL FACILITY EXPENSES		306,114		100,000		0	
INFRASTRUCTURE MAINTENANCE		725,105		993,000		1,399,000	
ENGINEERING		114,974		97,500		80,500	
MANAGEMENT		119,481		143,491		132,616	
OPERATIONS MANAGER		54,873		50,000		92,700	
LEGAL		98,074		185,000		170,000	
ASSESSMENT ROLL		13,500		13,500		13,500	
AUDIT FEES		17,300		22,300		19,800	
ARBITRAGE REBATE FEE		3,900		6,000		6,000	
RENTS & LEASES		14,400		6,000		15,000	
INSURANCE		32,552		36,000		40,000	
LEGAL ADVERTISING		15,828		3,000		3,000	
MISCELLANEOUS		24,758		149,585		73,100	
POSTAGE		2,264		1,000		1,000	
OFFICE SUPPLIES		12,342		5,000		10,000	
DUES & SUBSCRIPTIONS		175		175		175	
TRUSTEE FEES		7,418		40,000		25,600	
CONTINUING DISCLOSURE FEE		4,000		7,500		1,500	
WEBSITE		1,500		1,500		3,000	
CONTINGENCY / CONSTRUCTION COST		9,957,909		0		0	
							
Total Expenditures		11,526,467		1,860,551		2,086,491	
							
EXCESS / (SHORTFALL)		$	7,606,105		$	11,201,674		$	12,009,810	
							
DEBT PAYMENT TO TRUSTEE (All Units)		(5,886,308)		(10,719,134)		(11,488,918)	
							
BALANCE		$	1,719,797		$	482,540		$	520,892	
							
COUNTY APPRAISER & TAX COLLECTOR FEE		(49,679)		(160,846)		(173,631)	
DISCOUNTS FOR EARLY PAYMENTS		(198,758)		(321,693)		(347,261)	
							
NET EXCESS / (SHORTFALL)		$	1,471,360		$	-		$	-	

UNIT ONE DEBT SERVICE

	FISCAL YEAR 2019/2020
ANNUAL BUDGET	

REVENUES			
Interest Income		0	
Debt Collections		2,376,344	
Total Revenues	$	2,376,344	

EXPENDITURES			
Principal Payments		1,080,000	
Interest Payments		1,296,344	
Miscellaneous / Extra Redemption		0	
Total Expenditures	$	2,376,344	
			
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 2019/2020
ANNUAL BUDGET	

REVENUES			
Interest Income		0	
Debt Collections		2,604,107	
Total Revenues	$	2,604,107	

EXPENDITURES			
Principal Payments		1,025,000	
Interest Payments		1,631,105	
Miscellaneous / Extra Redemption		0	
Total Expenditures	$	2,656,105	
			
Excess / (Shortfall)	$	(51,998)	

 	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 2019/2020
 	ANNUAL BUDGET		
 REVENUES	
Interest Income	

0	
Net Debt Collections	1,271,349	
Total Revenues	$	1,271,349	

 EXPENDITURES	
Principal Payments	

585,000	
Interest Payments	681,173	
Miscellaneous / Extra Redemption	5,177	
Total Expenditures	$	1,271,349	
		
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 2019/2020
 	ANNUAL BUDGET		
 REVENUES	
Interest Income	

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

 EXPENDITURES	
Principal Payments	

245,000	
Interest Payments	590,100	
Miscellaneous / Extra Redemption	2,566	
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 2019/2020
 	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	

530,000	
2017A Interest Payments	470,497	
2017B Principal Payments	1,244,273	
2017B Interest Payments	1,344,323	
Other / Extra Redemption	36,628	
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 30th	
Average Interest Rate =
Issue Date =	5.39%
December 2017	Annual Interest Payments Due =	June 30th & December 30th	
Maturity Date =	December 2033		

UNIT SEVEN DEBT SERVICE

	FISCAL YEAR 2019/2020
 	ANNUAL BUDGET		
 REVENUES	
Capitalized Interest (through 5/2020)	

773,731	
Net Debt Collections	773,731	
Total Revenues	$	1,547,463	

 EXPENDITURES	
2019 Master Principal Payments	

0	
2019 Master Interest Payments	1,484,338	
2019 Village B Principal Payments	0	
2019 Village B Interest Payments	63,125	
Other / Extra Redemption	0	
Total Expenditures	$	1,547,463	
		
Excess / (Shortfall)	$	-	

 	Series 2019 Master Bond Information	

Original Par Amount =	$31,040,000	Annual Principal Payments Due = May 1st	
Average Interest Rate =
Issue Date =	4.90%
April 2019	Annual Interest Payments Due =	May 1st & November 1st	
Maturity Date =	May 2050		

 	Series 2019 Village B Bond Information	

Original Par Amount =	$1,320,000	Annual Principal Payments Due = May 1st	
Average Interest Rate =
Issue Date =	4.90%
April 2019	Annual Interest Payments Due =	May 1st & November 1st	
Maturity Date =	May 2050		

ASSESSMENT RECAP DISTRICT PROPER

A	B	C	F	G	F	G	

Lot			Total Fiscal Year 2018/2019	Total Fiscal Year 2018/2019	Total Fiscal Year 2019/2020	Total Fiscal Year 2019/2020	
Type		Units	Assessment	Assessment Per Unit	 Projected Assessment	 Projected Assessment Per Unit	

Developed
Lots In Unit 1 Only	Administrative
Debt	
300	$	3,843.12
$	- 	$	12.81
$	- 	$	4,029.12
$	- 	$	13.43
$	- 	
	Sub-Total		$	3,843.12	$	12.81	$	4,029.12	$	13.43	
	
Developed	Administrative		$	21,303.69
$	- 
$	21,303.69	$	12.81
$	- 
$	12.81	$	22,334.76
$	- 
$	22,334.76	$	13.43
$	- 
$	13.43	
Lots In Unit 2	Debt	1,663					
	Sub-Total						
	
Developed	Administrative		$	20,509.45
$	- 
$	20,509.45	$	12.81
$	- 
$	12.81	$	23,610.65
$	- 
$	23,610.65	$	13.43
$	- 
$	13.43	
Lots In Unit 3	Debt	1,758					
	Sub-Total						
	
Developed
Lots In Unit 4	Administrative
Debt	
696	$	4,547.69
$	- 	$	12.81
$	- 	$	9,347.56
$	- 	$	13.43
$	- 	
	Sub-Total		$	4,547.69	$	12.81	$	9,347.56	$	13.43	
	
Developed Lots
In Sarasot County	Administrative
Debt	
0	$	-
$	- 	$	12.81
$	- 	
$	- 	0	$	13.43
$	- 	
	Sub-Total		$	-	$	12.81	$	-		$	13.43	

Undeveloped
Land In Unit 1	Administrative
Debt	
10,715	$	139,953.62
$	- 	$	12.81
$	- 	$	143,906.77
$	- 	$	13.43
$	- 	
	Sub-Total		$	139,953.62	$	12.81	$	143,906.77	$	13.43	
	
Undeveloped	Administrative		$	3,292.27
$	- 
$	3,292.27	$	12.81
$	- 
$	12.81	$	3,451.61
$	- 
$	3,451.61	$	13.43
$	- 
$	13.43	
Land In Unit 2	Debt	257					
	Sub-Total						
	
Undeveloped	Administrative		$	2,395.54
$	- 
$	2,395.54	$	12.81
$	- 
$	12.81	$	1,463.91
$	- 
$	1,463.91	$	13.43
$	- 
$	13.43	
Land In Unit 3	Debt	109					
	Sub-Total						
	
Undeveloped
Land In Unit 4	Administrative
Debt	
262	$	4,675.80
$	- 	$	12.81
$	- 	$	3,518.77
$	- 	$	13.43
$	- 	
	Sub-Total		$	4,675.80	$	12.81	$	3,518.77	$	13.43	
	
Undeveloped Land
In Sarasot County	Administrative
Debt	
7,303	$	93,554.35
$	- 	$	12.81
$	- 	$	98,082.23
$	- 	$	13.43
$	- 	
	Sub-Total		$	93,554.35	$	12.81	$	98,082.23	$	13.43	

 TOTAL		 23,063	

  $	294,075.53 

  $	309,745.38 

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 23,063.00 assessable units in the District.

ASSESSMENT RECAP UNIT ONE
A	B	C	F	G	F	G	

Lot			Total Fiscal Year 2018/2019	Total Fiscal Year 2018/2019	Total Fiscal Year 2019/2020	Total Fiscal Year 2019/2020	
Type		Units	Assessment	Assessment Per Unit	Projected Assessment	Projected Assessment Per Unit	

Developed
Lots In Unit 1 Only	Administrative
Debt	
300	$	10,596.26
$	48,392.13	$	35.32
$	161.31	$	20,089.68
$	48,122.31	$	66.97
$	160.41	
	Sub-Total		$	58,988.40	$	196.63	$	68,211.98	$	227.37	
	
Developed	Administrative		$	58,738.62
$	268,253.72
$	326,992.34	$	35.32
$	161.31
$	196.63	$	111,363.77
$	266,758.00
$	378,121.77	$	66.97
$	160.41
$	227.37	
Lots In Unit 2	Debt	1,663					
	Sub-Total						
	
Developed	Administrative		$	56,548.72
$	258,252.68
$	314,801.40	$	35.32
$	161.31
$	196.63	$	117,725.50
$	281,996.73
$	399,722.23	$	66.97
$	160.41
$	227.37	
Lots In Unit 3	Debt	1,758					
	Sub-Total						
	
Developed
Lots In Unit 4	Administrative
Debt	
696	$	12,538.91
$	57,264.02	$	35.32
$	161.31	$	46,608.05
$	111,643.76	$	66.97
$	160.41	
	Sub-Total		$	69,802.93	$	196.63	$	158,251.80	$	227.37	

Undeveloped
Land In Unit 1	Admin / Maint
Debt	
10,715	$	385,880.56
$	1,762,280.16	$	35.32
$	161.31	$	717,536.27
$	1,718,768.45	$	66.97
$	160.41	
	Sub-Total		$	2,148,160.72	$	196.63	$	2,436,304.72	$	227.37	
	
Undeveloped	Administrative		$	9,077.46
$	41,455.93
$	50,533.39	$	35.32
$	161.31
$	196.63	$	17,210.16
$	41,224.78
$	58,434.93	$	66.97
$	160.41
$	227.37	
Land In Unit 2	Debt	257					
	Sub-Total						
	
Undeveloped	Administrative		$	6,605.00
$	30,164.43
$	36,769.43	$	35.32
$	161.31
$	196.63	$	7,299.25
$	17,484.44
$	24,783.69	$	66.97
$	160.41
$	227.37	
Land In Unit 3	Debt	109					
	Sub-Total						
	
Undeveloped
Land In Unit 4	Administrative
Debt	
262	$	12,892.12
$	58,877.09	$	35.32
$	161.31	$	17,544.98
$	42,026.82	$	66.97
$	160.41	
	Sub-Total		$	71,769.21	$	196.63	$	59,571.80	$	227.37	

Total Admin / Maint	$	552,877.66	$	1,055,377.66	
Total Debt	$	2,524,940.17	$	2,528,025.28	

 TOTAL		 15,760	

  $	3,077,817.83 

  $	3,583,402.94 

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 15,760.00 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 Columns / Rows are not a part of Exhibit D. These columns / Rows show a completely equal benefit per assessable 1/2 acre or less.

ASSESSMENT RECAP UNIT TWO - GROSS

A	B	C	E	F	I	H	I	

Lot		
Methodology Maximum	

Admin / Maint Assessment		
Total Fiscal Year 2018/2019	
Total Fiscal Year 2019/2020	
Total Fiscal Year 2019/2020	
Type		Percentage	Allocation	Units	Per Unit	Projected Assessment	Projected Per Unit	

Island Walk Single	Admin / Maint Debt	
24.08%	
10,939.75	1,799
1,796	$	57.20
$	379.89	$	10,939.75
$	682,282.44	$	6.08
$	379.89	
Family	Sub-Total				$	437.09	$	693,222.19	$	385.97	
	
Island Walk Multi	Admin / Maint Debt	
0.93%	
422.51	
70	$	56.78
$	378.22	$	422.51
$	26,475.40	$	6.04
$	378.22	
Family	Sub-Total				$	435.00	$	26,897.91	$	384.26	

Gran Paradiso        Admin / Maint	793	$	63.86	$	5,383.56	$	6.79
Single	Debt	11.85%	5,383.56	787	$	424.10	$	333,766.70	$	424.10
Family	Sub-Total	$	487.96	$	339,150.26	$	430.89	

Gran Paradiso
(Wetherington)        Admin / Maint	646	$	63.84	$	4,384.08	$	6.79
Single	Debt	9.65%	4,384.08	644	$	424.10	$	273,120.40	$	424.10
Family	Sub-Total	$	487.94	$	277,504.48	$	430.89	

Gran Paradiso Multi	Admin / Maint Debt	
3.56%	
1,617.34	
280	$	54.33
$	361.34	$	1,617.34
$	101,175.20	$	5.78
$	361.34	
Family (3 BDR)	Sub-Total				$	415.67	$	102,792.54	$	367.12	
	
Gran Paradiso Multi	Admin / Maint Debt	
3.18%	
1,444.70	280
278	$	48.53
$	322.17	$	1,444.70
$	89,563.26	$	5.16
$	322.17	
Family (2 BDR)	Sub-Total				$	370.70	$	91,007.96	$	327.33	

Town Center Multi

Family (3 BDR)	Admin / Maint Debt

Sub-Total	
1.82%	
826.84	140
76	$	55.55
$	368.91
$	424.46	$	826.84
$	28,037.16
$	28,864.00	$	5.91
$	368.91
$	374.82	
	
Town Center Multi

Family (2 BDR)	Admin / Maint Debt

Sub-Total	
3.02%	
1,372.01	260
140	$	49.64
$	329.74
$	379.38	$	1,372.01
$	46,163.60
$	47,535.61	$	5.28
$	329.74
$	335.02	
	
Town Center	Admin / Maint				$	1,936.43	$	19,040.07	$	205.86	
	Debt	41.91%	19,040.07	92.49	$	12,863.47	$	1,189,742.34	$	12,863.47	
	Sub-Total				$	14,799.90	$	1,208,782.41	$	13,069.33	

$	45,430.85
$	2,770,326.50

TOTAL	100.00%	$

45,430.85

4,163

$	2,815,757.35

 

Unit 2 Gran Paradiso Net True Up Calculation

Total Gran Paradiso amount due for Unit 2	

Total Gran Paradiso
collection for Unit 2	(Shortfall) /
per new product mix	Excess	
Gross O&M    $	12,829.67 Gross Debt $ 797,625.56	$	12,103.84	$	(725.84)
$	734,060.97        $   (63,564.59)
$	746,164.81	$ (64,290.43) *	
Gross Total $ 810,455.23		
* 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 197 units with pre-paid bonds.	
3 unit in Island Walk Single Family
2 unit in the Wetherington Single Family 6 unit in the Gran Paradiso Single Family 2 unit in the Gran Paradiso Multi Family 120 unit in the Town Center MF 2Bdr
64 unit in the Town Center MF 3Bdr

ASSESSMENT RECAP UNIT TWO - COLLECTION METHOD

A	B	C	D	E	F	G	H	I

 	TOTAL GROSS	

	Total Fiscal Year	Total Fiscal Year	
Lot		2019/2020	2019/2020	
Type	Units	Projected Assessment	Projected Per Unit	

Island Walk Single	Admin / Maint Debt	1,799
1,796	$	10,939.75
$	682,282.44	$	6.08
$	379.89	
Family	Sub-Total		$	693,222.19	$	385.97	
	
Island Walk	Admin / Maint		$	422.51	$	6.04	
Multi	Debt	70	$	26,475.40	$	378.22	
Family	Sub-Total		$	26,897.91	$	384.26	

GRAN PARADISO ON
 	ROLL GROSS	

GRAN PARADISO
 DIRECT BILL GROSS 

Gran Paradiso        Admin / Maint	793	$	5,383.56	$	6.79
Single	Debt	787	$	333,766.70	$	424.10
Family	Sub-Total	$	339,150.26	$	430.89	

 	
1,043	$	7,080.77	$	6.79	
1,036	$ 439,367.60	$	424.10	
	$ 446,448.37	$ 430.89	

 	
$	(105,600.90)
$	(107,298.11)

(1,697.21)

$

$	-	$	-

Gran Paradiso	$	-	$	-
(Wetherington)        Admin / Maint	646	$	4,384.08	$	6.79
Single	Debt	644	$	273,120.40	$	424.10
Family	Sub-Total	$	277,504.48	$	430.89	

 	

14	
$	95.01	
$	6.79	
11	$	4,665.10	$	424.10	
	$	4,760.11	$ 430.89	

 	
$	268,455.30
$	272,744.37

4,289.07

$

Gran Paradiso	Admin / Maint		$	1,617.34	$	5.78	
Multi	Debt	280	$	101,175.20	$	361.34	
Family (3 BDR)	Sub-Total		$	102,792.54	$	367.12	
	
Gran Paradiso Multi	Admin / Maint Debt	280
278	$	1,444.70
$	89,563.26	$	5.16
$	322.17	
Family (2 BDR)	Sub-Total		$	91,007.96	$	327.33	

	$	670.04	$	5.78	
116	$ 41,915.44	$	361.34	
	$ 42,585.48	$ 367.12	
	
585	$	3,002.91	$	5.16	
582	$ 187,502.94	$	322.17	
	$ 190,505.85	$ 327.33	

$	947.30
$	59,259.76
$	60,207.06	
	
$	(1,558.21)
$	(97,939.68)
$	(99,497.89)	

$    10,848.73	$	1,980.94
$  673,451.08	$	124,174.48

Gran Paradiso Direct Bill Net
$	1,862.08
$	116,724.01

TOWN CENTER ON ROLL
 	GROSS	

TOWN CENTER
 DIRECT BILL GROSS 

Town Center Multi

Family (3 BDR)	Admin / Maint Debt

Sub-Total	140
76	$	826.84
$	28,037.16
$	28,864.00	$	5.91
$	368.91
$	374.82	
$	-	
Town Center Multi	Admin / Maint Debt	260
140	$	1,372.01
$	46,163.60	$	5.28
$	329.74	
Family (2 BDR)	Sub-Total		$	47,535.61	$	335.02	
$	-	
Town Center	Admin / Maint		$	19,040.07	$	205.86	
	Debt	92	$	1,189,742.34	$	12,863.47	
	Sub-Total		$	1,208,782.41	$	13,069.33	

 	
140	$	448.86	$	5.91	
76	$ 28,037.16	$	368.91	
	$ 28,486.02	$ 374.82	
	
260	$	738.78	$	5.28	
140	$ 46,163.60	$	329.74	
	$ 46,902.38	$ 335.02	
	
	$ 19,040.07	$	205.86	
92	$1,189,742.34	$ 12,863.47	
	$1,208,782.41	$ 13,069.33	

 	
$	377.98
$	- 
$	377.98	
	
$	633.24
$	- 
$	633.24	
	
$	-
$	- 
$	-	

 	

$	45,430.85

$ 20,227.70

$	1,011.22

$	2,770,326.50	$1,263,943.10	$	- 

TOTAL	4,166

$	-

$	2,815,757.35

Town center Direct Bill Net

$	950.55

$	- 

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 197 units with pre-paid bonds.
3 unit in Island Walk Single Family
2 unit in the Wetherington Single Family
6 unit in the Gran Paradiso Single Family 2 unit in the Gran Paradiso Multi Family 120 unit in the Town Center MF 2Bdr
64 unit in the Town Center MF 3Bdr

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

A	B	C	D	G	F	G	

Product		

Total	
Total Fiscal Year 2018/2019	
Total Fiscal Year 2019/2020
Projected	
Total Fiscal Year 2019/2020
Projected	
Category	Type		Units	Assessment Per Unit	Assessment	Assessment Per Unit	

Pre Lennar	2 Bdr Sam 35	Admin / Maint	5	$	122.18	$	478.88	$	95.78	
		Debt	      4		$	1,093.10	$	4,372.40	$	1,093.10	
		Sub-Total		$	1,215.28	$	4,851.28	$	1,188.88	
	
	3 Bdr Sam 70	Admin / Maint	6	$	122.18	$	574.65	$	95.78	
		Debt	      5		$	1,432.12	$	7,160.60	$	1,432.12	
		Sub-Total		$	1,554.30	$	7,735.25	$	1,527.90	
	
	3 Bdr Sam 80	Admin / Maint	5	$	122.18	$	478.88	$	95.78	
		Debt	      4		$	1,559.05	$	6,236.20	$	1,559.05	
		Sub-Total		$	1,681.23	$	6,715.08	$	1,654.83	
	
	3 Bdr Lee 45	Admin / Maint		$	122.18	$	383.10	$	95.78	
		Debt	4	$	1,227.41	$	4,909.64	$	1,227.41	
		Sub-Total		$	1,349.59	$	5,292.74	$	1,323.19	
	
	3 Bdr Lee 65	Admin / Maint	10	$	122.18	$	957.75	$	95.78	
		Debt	      8		$	1,380.47	$	11,043.76	$	1,380.47	
		Sub-Total		$	1,502.65	$	12,001.51	$	1,476.25	

 	Total	 	Pre Lennar		 30	Gross

$	2,873.26

Gross

$	33,722.60

Lennar	35'	Admin / Maint	179	$	122.18	$	17,143.81	$	95.78	
		Debt	    178 	$	521.28	$	92,787.84	$	521.28	
		Sub-Total		$	643.46	$	109,931.65	$	617.06	
	
	Townhome	Admin / Maint	420	$	122.18	$	40,225.70	$	95.78	
		Debt	    419 	$	521.28	$	218,416.32	$	521.28	
		Sub-Total		$	643.46	$	258,642.02	$	617.06	
	
	Coach	Admin / Maint		$	122.18	$	11,109.96	$	95.78	
		Debt	116	$	627.66	$	72,808.56	$	627.66	
		Sub-Total		$	749.84	$	83,918.52	$	723.44	
	
	45'	Admin / Maint		$	122.18	$	5,650.75	$	95.78	
		Debt	59	$	627.66	$	37,031.94	$	627.66	
		Sub-Total		$	749.84	$	42,682.69	$	723.44	
	
	52'	Admin / Maint		$	122.18	$	49,132.82	$	95.78	
		Debt	513	$	734.04	$	376,562.52	$	734.04	
		Sub-Total		$	856.22	$	425,695.34	$	829.82	
	
	62'	Admin / Maint	131	$	122.18	$	12,546.59	$	95.78	
		Debt	    129 	$	840.42	$	108,414.18	$	840.42	
		Sub-Total		$	962.60	$	120,960.77	$	936.20	
	
	65'	Admin / Maint	79	$	122.18	$	7,566.26	$	95.78	
		Debt	     78 	$	840.42	$	65,552.76	$	840.42	
		Sub-Total		$	962.60	$	73,119.02	$	936.20	
	
	70'	Admin / Maint		$	122.18	$	5,363.43	$	95.78	
		Debt	56	$	840.42	$	47,063.52	$	840.42	
		Sub-Total		$	962.60	$	52,426.95	$	936.20	
	
	75'	Admin / Maint		$	122.18	$	24,135.42	$	95.78	
		Debt	252	$	946.81	$	238,596.12	$	946.81	
		Sub-Total		$	1,068.99	$	262,731.54	$	1,042.59	
	
	80'	Admin / Maint		$	122.18	$	6,225.41	$	95.78	
		Debt	65	$	946.81	$	61,542.65	$	946.81	
		Sub-Total		$	1,068.99	$	67,768.06	$	1,042.59	

 	Total	 	Lennar		 1,870	Gross

$	179,100.14

Gross

$   1,318,776.41

 TOTAL GROSS	 1,900       Total Gross	$	181,973.40

$ 1,352,499.01

Total Gross

 	
 TOTAL NET		 1,900       Total Net	$	171,055.00

$ 1,271,349.07

Total Net

Assessment is calculated by the 2014 Revised Unit 3 Special Methodology Report Revised Methodology Report Tables 2 & 3 Attached
 There are 10 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,  2 units are Wetherington 3 BDR Lee 65, 2 unit are SF 62', 1 unit   is a SF 65', 1 unit is a SF 35', and 1 unit is a Townhome

ASSESSMENT RECAP UNIT THREE - 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 2019/2020
Projected	Total Fiscal Year 2019/2020
Projected		

Platted	Fiscal Year 2019/2020
Platted Total	Fiscal Year 2019/2020
Platted Per Unit		
Category	Type	Units	Assessment	Assessment Per Unit		Units	Assessments	Assessments		
	5	$	478.88	$	95.78		$	-	
	4	$	4,372.40	$	1,093.10		$		- 	
		$	4,851.28	$	1,188.88		$	-	
					
	6	$	574.65	$	95.78		$	-	
	5	$	7,160.60	$	1,432.12		$		- 	
		$	7,735.25	$	1,527.90		$	-	
					
	5	$	478.88	$	95.78		$	-	
	4	$	6,236.20	$	1,559.05		$		- 	
		$	6,715.08	$	1,654.83		$	-	
					
		$	383.10	$	95.78		$	-	
	4	$	4,909.64	$	1,227.41		$		- 	
		$	5,292.74	$	1,323.19		$	-	
					
	10	$	957.75	$	95.78		$	-	
	8	$	11,043.76	$	1,380.47		$		- 	
		$	12,001.51	$	1,476.25		$	-	

Pre Lennar	2 Bdr Sam 35	Admin / Maint	5	$	478.88	$	95.78	
		Debt	      4		$	4,372.40	$	1,093.10	
		Sub-Total		$	4,851.28	$	1,188.88	
	
	3 Bdr Sam 70	Admin / Maint	6	$	574.65	$	95.78	
		Debt	      5 	$	7,160.60	$	1,432.12	
		Sub-Total		$	7,735.25	$	1,527.90	
	
	3 Bdr Sam 80	Admin / Maint	5	$	478.88	$	95.78	
		Debt	      4		$	6,236.20	$	1,559.05	
		Sub-Total		$	6,715.08	$	1,654.83	
	
	3 Bdr Lee 45	Admin / Maint		$	383.10	$	95.78	
		Debt	4	$	4,909.64	$	1,227.41	
		Sub-Total		$	5,292.74	$	1,323.19	
	
	3 Bdr Lee 65	Admin / Maint	10	$	957.75	$	95.78	
		Debt	      8		$	11,043.76	$	1,380.47	
		Sub-Total		$	12,001.51	$	1,476.25	

 	Total	 Pre Lennar	 30 $

2,873.26

Gross

     30 $

2,873.26

Platted On Roll	$

-	Direct Bill

$	33,722.60

$	33,722.60

Gross

$	- Gross

Lennar	35'	Admin / Maint	179	$	17,143.81	$	95.78	
		Debt	    178 	$	92,787.84	$	521.28	
		Sub-Total		$	109,931.65	$	617.06	
	
	Townhome	Admin / Maint	420	$	40,225.70	$	95.78	
		Debt	    419 	$	218,416.32	$	521.28	
		Sub-Total		$	258,642.02	$	617.06	
	
	Coach	Admin / Maint		$	11,109.96	$	95.78	
		Debt	116	$	72,808.56	$	627.66	
		Sub-Total		$	83,918.52	$	723.44	
	
	45'	Admin / Maint		$	5,650.75	$	95.78	
		Debt	59	$	37,031.94	$	627.66	
		Sub-Total		$	42,682.69	$	723.44	
	
	52'	Admin / Maint		$	49,132.82	$	95.78	
		Debt	513	$	376,562.52	$	734.04	
		Sub-Total		$	425,695.34	$	829.82	
	
	62'	Admin / Maint	131	$	12,546.59	$	95.78	
		Debt	    129 	$	108,414.18	$	840.42	
		Sub-Total		$	120,960.77	$	936.20	
	
	65'	Admin / Maint	79	$	7,566.26	$	95.78	
		Debt	     78 	$	65,552.76	$	840.42	
		Sub-Total		$	73,119.02	$	936.20	
	
	70'	Admin / Maint		$	5,363.43	$	95.78	
		Debt	56	$	47,063.52	$	840.42	
		Sub-Total		$	52,426.95	$	936.20	
	
	75'	Admin / Maint		$	24,135.42	$	95.78	
		Debt	252	$	238,596.12	$	946.81	
		Sub-Total		$	262,731.54	$	1,042.59	
	
	80'	Admin / Maint		$	6,225.41	$	95.78	
		Debt	65	$	61,542.65	$	946.81	
		Sub-Total		$	67,768.06	$	1,042.59	

 	
333	$	31,893.23	$	95.78	
332	$ 173,064.96	$	521.28	
	$ 204,958.19	$	617.06	
	
252	$	24,135.42	$	95.78	
251	$ 130,841.28	$	521.28	
	$ 154,976.70	$	617.06	
	
	$	11,109.96	$	95.78	
116	$	72,808.56	$	627.66	
	$	83,918.52	$	723.44	
	
	$	5,650.75	$	95.78	
59	$	37,031.94	$	627.66	
	$	42,682.69	$	723.44	
	
	$	32,276.34	$	95.78	
337	$ 247,371.48	$	734.04	
	$ 279,647.82	$	829.82	
	
289	$	27,679.11	$	95.78	
287	$ 241,200.54	$	840.42	
	$ 268,879.65	$	936.20	
	
53	$	5,076.10	$	95.78	
52	$	43,701.84	$	840.42	
	$	48,777.94	$	936.20	
	
	$	5,363.43	$	95.78	
56	$	47,063.52	$	840.42	
	$	52,426.95	$	936.20	
	
	$	16,090.28	$	95.78	
168	$ 159,064.08	$	946.81	
	$ 175,154.36	$	1,042.59	
	
	$	6,225.41	$	95.78	
65	$	61,542.65	$	946.81	
	$	67,768.06	$	1,042.59	

 	
$	24,341.08
$	-
$	- 
$	-
$	8,045.14
$	79,532.04
$	87,577.18
$	-
$	- 
$	-

2,490.16
$	21,850.92

$

$	(80,277.12)
$	(95,026.54)
$	16,090.28
$	87,575.04
$	103,665.32
$	-
$	- 
$	-
$	-
$	- 
$	-
$	16,856.48
$	129,191.04
$	146,047.52
$	(15,132.53)
$	(132,786.36)
$	(147,918.89)

(14,749.42)

$

  	 	

 	Total	 	Lennar		 1,870       $	179,100.14
$   1,318,776.41

Gross

   1,728       $    165,500.02
$  1,213,690.85

Platted On Roll Gross

$	13,600.12 Direct Bill
$	105,085.56 Gross

 	 	

 TOTAL GROSS	 1,900 $

181,973.40

Total Gross

  1,758 $

168,373.29

Total Platted On

$	13,600.12

Total Direct

$ 1,352,499.01

$ 1,247,413.45

Roll Gross

$	105,085.56 Bill Gross

 	
 TOTAL NET		 1,900 $

171,055.00

Total Net

$ 158,270.89

Total Platted On

$	12,784.11

Total Direct

$ 1,271,349.07

$ 1,172,568.64

Roll Net

$	98,780.43 Bill Net

Assessment is calculated by the 2014 Revised Unit 3 Special Methodology Report Revised Methodology Report Tables 2 & 3 Attached
 There are 10 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, 2 units are Wetherington 3 BDR Lee 65, 2 unit are SF 62', 1 unit is a SF 65', 1 unit is a SF 35', and 1 unit is a Townhome

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	
	2018/2019	2019/2020	2019/2020	
Product	Total		Projected	Projected	
Subdivision	Type	Units	Assessment Per Unit	Assessment	Assessment Per Unit	

Renaissance	35' Villas	Admin / Maint Debt
Sub-Total	
224	$	104.73
$	678.03
$	782.76	$	36,245.20
$	151,879.15
$	188,124.35	$	161.81
$	678.03
$	839.84	
	
	50' SF	Admin / Maint		$	104.73	$	44,173.84	$	161.81	
		Debt	273	$	998.94	$	272,709.57	$	998.94	
		Sub-Total		$	1,103.67	$	316,883.41	$	1,160.75	
	
	60' SF	Admin / Maint		$	104.73	$	31,229.12	$	161.81	
		Debt	193	$	1,212.87	$	234,084.36	$	1,212.87	
		Sub-Total		$	1,317.60	$	265,313.48	$	1,374.68	

 	Total	 	Renaissance		 690	Gross

$	111,648.16

Gross

$	658,673.09

Oasis	60' SF	Admin / Maint Debt
Sub-Total	
92	$	104.73
$	829.89
$	934.62	$	14,886.42
$	76,350.21
$	91,236.63	$	161.81
$	829.89
$	991.70	
	
	70' SF	Admin / Maint		$	104.73	$	7,119.59	$	161.81	
		Debt	44	$	980.00	$	43,120.00	$	980.00	
		Sub-Total		$	1,084.73	$	50,239.59	$	1,141.81	

 	Total	 	Oasis		 136	Gross

$	22,006.01

Gross

$	119,470.21

Preserve	33' Villas	Admin / Maint Debt
Sub-Total	
90	$	104.73
$	424.61
$	529.34	$	14,562.80
$	38,214.57
$	52,777.38	$	161.81
$	424.61
$	586.42	
	
	50' SF	Admin / Maint		$	104.73	$	17,798.98	$	161.81	
		Debt	110	$	679.79	$	74,776.60	$	679.79	
		Sub-Total		$	784.52	$	92,575.58	$	841.60	

 	Total	 	Preserve		 200	Gross

$	32,361.79

Gross

$	112,991.17

 	

 TOTAL GROSS	 1,026 Total Gross

$	166,015.96

Total Gross

$	891,134.47

 TOTAL NET		 1,026 Total Net

$	156,055.00

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 2019/2020
Projected	Total Fiscal Year 2019/2020
Projected		

Platted	Fiscal Year 2019/2020
Platted Total	Fiscal Year 2019/2020
Platted Per Unit		
Subdivision	Type	Units	Assessment	Assessment Per Unit		Units	Assessments	Assessments		
		$ 24,594.96	$	161.81		$	11,650.24	
	152	$ 103,060.85	$	678.03		 $	48,818.30	
		$ 127,655.81	$	839.84		$	60,468.54	
				
		$ 29,611.03	$	161.81		$	14,562.80	
	183	$ 182,805.32	$	998.94		 $	89,904.26	
		$ 212,416.35	$	1,160.75		$	104,467.06	
				
		$ 15,048.23	$	161.81		$	16,180.89	
	93	$ 112,797.13	$	1,212.87		$	121,287.23	
		$ 127,845.36	$	1,374.68		$	137,468.13	

Renaissance	35' Villas	Admin / Maint		$	36,245.20	$	161.81	
		Debt	224	$	151,879.15	$	678.03	
		Sub-Total		$	188,124.35	$	839.84	
	
	50' SF	Admin / Maint		$	44,173.84	$	161.81	
		Debt	273	$	272,709.57	$	998.94	
		Sub-Total		$	316,883.41	$	1,160.75	
	
	60' SF	Admin / Maint		$	31,229.12	$	161.81	
		Debt	193	$	234,084.36	$	1,212.87	
		Sub-Total		$	265,313.48	$	1,374.68	

 	Total	 Renaissance	 690        $	111,648.16
 $	658,673.09

Gross

    428        $    69,254.22
$  398,663.30

Platted On Roll Gross

$	42,393.94 Direct Bill
$	260,009.79 Gross

Oasis	60' SF	Admin / Maint		$	14,886.42	$	161.81	
		Debt	92	$	76,350.21	$	829.89	
		Sub-Total		$	91,236.63	$	991.70	
	
	70' SF	Admin / Maint		$	7,119.59	$	161.81	
		Debt	44	$	43,120.00	$	980.00	
		Sub-Total		$	50,239.59	$	1,141.81	

 	
	$	7,443.21	$	161.81	
46	$ 38,175.11	$	829.89	
	$ 45,618.32	$	991.70	
	
	$	3,559.80	$	161.81	
22	$ 21,560.00	$	980.00	
	$ 25,119.80	$	1,141.81	

 	
 $	21,560.00
$	25,119.80

3,559.80

$

 $	38,175.11
$	45,618.32

7,443.21

$

  	 	

 	Total	 	Oasis		 136 $

22,006.01

Gross

     68 $

11,003.01

Platted On Roll

$	11,003.01

Direct Bill

 $	119,470.21

$ 59,735.11

Gross

 $	59,735.11 Gross

Preserve	33' Villas	Admin / Maint		$	14,562.80	$	161.81	
		Debt	90	$	38,214.57	$	424.61	
		Sub-Total		$	52,777.38	$	586.42	
	
	50' SF	Admin / Maint		$	17,798.98	$	161.81	
		Debt	110	$	74,776.60	$	679.79	
		Sub-Total		$	92,575.58	$	841.60	

 	
	$ 14,562.80	$	161.81	
90	$ 38,214.57	$	424.61	
	$ 52,777.38	$	586.42	
	
	$ 17,798.98	$	161.81	
110	$ 74,776.60	$	679.79	
	$ 92,575.58	$	841.60	

 	
$	- 
$	-

-

$

$	- 
$	-

-

$

  	 	

 	Total	 	Preserve		 200 $

32,361.79

Gross

    200 $

32,361.79

Platted On Roll	$

-	Direct Bill

 $	112,991.17

$ 112,991.17

Gross

$	- Gross

 	 	

 TOTAL GROSS	 1,026 $

166,015.96

Total Gross

   696 

$ 112,619.01

Total Platted On

$	53,396.95

Total Direct

$	891,134.47

$ 571,389.57

Roll Gross

$	319,744.89 Bill Gross

 	 	

 TOTAL NET		 1,026 $

156,055.00

Total Net

   696 

$ 105,861.87

Total Platted On

$	50,193.13

Total Direct

$	837,666.40

$ 537,106.20

Roll Net

$	300,560.20 Bill Net

Assessment is calculated by the 2016 Unit 4 Special Methodology Report

ANNUAL ASSESSMENT METHODOLOGY (Table F) 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	2018/2019	2019/2020	2019/2020	2019/2020	2019/2020	2019/2020	2019/2020	
		Assessment	Assessment	Assessment	Assessment	Assessment	Assessment	Assessment	
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	$	105.33
$	541.20
$	646.53	$	13.43
$	- 
$	13.43	$	66.97
$	160.41
$	227.38	$	6.08
$	379.89
$	385.97	$	-
$	- 
$	-	$	-
$	- 
$	-	$	86.48
$	540.30
$	626.78	

	Island Walk
Multi
Family	Admin / Maint
Debt
Sub-Total	$	104.91
$	539.53
$	644.43	$	13.43
$	-
$	13.43	$	66.97	$	6.04	$	-	$	-	$	86.44	
					$	160.41	$	378.22	$	- 	$	- 	$	538.63	
					$	227.38	$	384.26	$	-	$	-	$	625.07	

Pre Lennar	2 Bdr Sam 35	Admin / Maint Debt
Sub-Total	$	234.17
$	1,678.51
$	1,912.67	$	13.43
$	- 
$	13.43	$	66.97
$	160.41
$	227.38	$	6.79
$	424.10
$	430.89	$	95.78
$	1,093.10
$	1,188.88	$	-
$	- 
$	-	$	182.96
$	1,677.61
$	1,860.57	

	3 Bdr Sam 70	Admin / Maint	$	234.17	$	13.43	$	66.97	$	6.79	$	95.78	$	-	$	182.96	
		Debt	$	2,017.53	$	- 	$	160.41	$	424.10	$	1,432.12	$	- 	$	2,016.63	
		Sub-Total	$	2,251.69	$	13.43	$	227.38	$	430.89	$	1,527.90	$	-	$	2,199.59	

	3 Bdr Sam 80	Admin / Maint	$	234.17	$	13.43	$	66.97	$	6.79	$	95.78	$	-	$	182.96	
		Debt	$	2,144.46	$	- 	$	160.41	$	424.10	$	1,559.05	$	- 	$	2,143.56	
		Sub-Total	$	2,378.62	$	13.43	$	227.38	$	430.89	$	1,654.83	$	-	$	2,326.52	

	3 Bdr Lee 45	Admin / Maint	$	234.17	$	13.43	$	66.97	$	6.79	$	95.78	$	-	$	182.96	
		Debt	$	1,812.82	$	- 	$	160.41	$	424.10	$	1,227.41	$	- 	$	1,811.92	
		Sub-Total	$	2,046.98	$	13.43	$	227.38	$	430.89	$	1,323.19	$	-	$	1,994.88	

	3 Bdr Lee 65	Admin / Maint	$	234.17	$	13.43	$	66.97	$	6.79	$	95.78	$	-	$	182.96	
		Debt	$	1,965.88	$	- 	$	160.41	$	424.10	$	1,380.47	$	- 	$	1,964.98	
		Sub-Total	$	2,200.04	$	13.43	$	227.38	$	430.89	$	1,476.25	$	-	$	2,147.94	

Post Lennar	35'	Admin / Maint Debt	$	218.84
$	1,004.76	$	13.43
$	- 	$	66.97
$	160.41	$	5.16
$	322.17	$	95.78
$	521.28	$	-
$	- 	$	181.34
$	1,003.86	
		Sub-Total	$	1,223.60	$	13.43	$	227.38	$	327.33	$	617.06	$	-	$	1,185.20	

	Townhome	Admin / Maint	$	218.84	$	13.43	$	66.97	$	5.16	$	95.78	$	-	$	181.34	
		Debt	$	1,004.76	$	- 	$	160.41	$	322.17	$	521.28	$	- 	$	1,003.86	
		Sub-Total	$	1,223.60	$	13.43	$	227.38	$	327.33	$	617.06	$	-	$	1,185.20	

	Coach	Admin / Main	$	224.64	$	13.43	$	66.97	$	5.78	$	95.78	$	-	$	181.95	
		Debt	$	1,150.31	$	- 	$	160.41	$	361.34	$	627.66	$	- 	$	1,149.41	
		Sub-Total	$	1,374.95	$	13.43	$	227.38	$	367.12	$	723.44	$	-	$	1,331.36	

	45'	Admin / Maint	$	234.17	$	13.43	$	66.97	$	6.79	$	95.78	$	-	$	182.96	
		Debt	$	1,213.07	$	- 	$	160.41	$	424.10	$	627.66	$	- 	$	1,212.17	
		Sub-Total	$	1,447.23	$	13.43	$	227.38	$	430.89	$	723.44	$	-	$	1,395.13	

	52'	Admin / Maint	$	234.17	$	13.43	$	66.97	$	6.79	$	95.78	$	-	$	182.96	
		Debt	$	1,319.45	$	- 	$	160.41	$	424.10	$	734.04	$	- 	$	1,318.55	
		Sub-Total	$	1,553.61	$	13.43	$	227.38	$	430.89	$	829.82	$	-	$	1,501.51	
	
	62'	Admin / Maint	$	234.17	$	13.43	$	66.97	$	6.79	$	95.78	$	-	$	182.96	
		Debt	$	1,425.83	$	- 	$	160.41	$	424.10	$	840.42	$	- 	$	1,424.93	
		Sub-Total	$	1,659.99	$	13.43	$	227.38	$	430.89	$	936.20	$	-	$	1,607.89	

	65'	Admin / Maint	$	234.17	$	13.43	$	66.97	$	6.79	$	95.78	$	-	$	182.96	
		Debt	$	1,425.83	$	- 	$	160.41	$	424.10	$	840.42	$	- 	$	1,424.93	
		Sub-Total	$	1,659.99	$	13.43	$	227.38	$	430.89	$	936.20	$	-	$	1,607.89	

	70'	Admin / Maint	$	234.17	$	13.43	$	66.97	$	6.79	$	95.78	$	-	$	182.96	
		Debt	$	1,425.83	$	- 	$	160.41	$	424.10	$	840.42	$	- 	$	1,424.93	
		Sub-Total	$	1,659.99	$	13.43	$	227.38	$	430.89	$	936.20	$	-	$	1,607.89	

	75'	Admin / Maint	$	234.17	$	13.43	$	66.97	$	6.79	$	95.78	$	-	$	182.96	
		Debt	$	1,532.22	$	- 	$	160.41	$	424.10	$	946.81	$	- 	$	1,531.32	
		Sub-Total	$	1,766.38	$	13.43	$	227.38	$	430.89	$	1,042.59	$	-	$	1,714.28	

	80'	Admin / Maint	$	234.17	$	13.43	$	66.97	$	6.79	$	95.78	$	-	$	182.96	
		Debt	$	1,532.22	$	- 	$	160.41	$	424.10	$	946.81	$	- 	$	1,531.32	
		Sub-Total	$	1,766.38	$	13.43	$	227.38	$	430.89	$	1,042.59	$	-	$	1,714.28	

Renaissance	35' Villa	Admin / Maint Debt
Sub-Total	$	162.13
$	839.34
$	1,001.47	$	13.43
$	- 
$	13.43	$	66.97
$	160.41
$	227.38	$	0.99
$	- 
$	0.99	$	-
$	- 
$	-	$	161.81
$	678.03
$	839.84	$	243.19
$	838.44
$	1,081.64	

	50'	Admin / Maint	$	162.13	$	13.43	$	66.97	$	0.99	$	-	$	161.81	$	243.19	
		Debt	$	1,160.24	$	- 	$	160.41	$	- 	$	- 	$	998.94	$	1,159.35	
		Sub-Total	$	1,322.37	$	13.43	$	227.38	$	0.99	$	-	$	1,160.75	$	1,402.54	

	60'	Admin / Maint	$	162.13	$	13.43	$	66.97	$	0.99	$	-	$	161.81	$	243.19	
		Debt	$	1,374.18	$	- 	$	160.41	$	- 	$	- 	$	1,212.87	$	1,373.28	
		Sub-Total	$	1,536.31	$	13.43	$	227.38	$	0.99	$	-	$	1,374.68	$	1,616.48	

Oasis	60'	Admin / Maint Debt	$	162.13
$	991.20	$	13.43
$	- 	$	66.97
$	160.41	$	0.99
$	- 	$	-
$	- 	$	161.81
$	829.89	$	243.19
$	990.30	
		Sub-Total	$	1,153.33	$	13.43	$	227.38	$	0.99	$	-	$	991.70	$	1,233.50	

	70'	Admin / Maint	$	162.13	$	13.43	$	66.97	$	0.99	$	-	$	161.81	$	243.19	
		Debt	$	1,141.31	$	- 	$	160.41	$	- 	$	- 	$	980.00	$	1,140.41	
		Sub-Total	$	1,303.44	$	13.43	$	227.38	$	0.99	$	-	$	1,141.81	$	1,383.60	

Preserve	33' Villa	Admin / Maint Debt	$	162.13
$	585.91	$	13.43
$	- 	$	66.97
$	160.41	$	0.99
$	- 	$	-
$	- 	$	161.81
$	424.61	$	243.19
$	585.02	
		Sub-Total	$	748.04	$	13.43	$	227.38	$	0.99	$	-	$	586.42	$	828.21	

	50'	Admin / Maint	$	162.13	$	13.43	$	66.97	$	0.99	$	-	$	161.81	$	243.19	
		Debt	$	841.09	$	- 	$	160.41	$	- 	$	- 	$	679.79	$	840.20	
		Sub-Total	$	1,003.23	$	13.43	$	227.38	$	0.99	$	-	$	841.60	$	1,083.39	

Town Center	Town Center Multi
Family (3 BDR)	Admin / Maint Debt
Sub-Total	$	103.69
$	530.22
$	633.90	$	13.43
$	- 
$	13.43	$	66.97
$	160.41
$	227.38	$	5.91
$	368.91
$	374.82	$	-
$	- 
$	-	$	-
$	- 
$	-	$	86.31
$	529.32
$	615.63	

	Town Center	Admin / Main	$	97.77	$	13.43	$	66.97	$	5.28	$	-	$	-	$	85.68	
	Multi	Debt	$	491.05	$	- 	$	160.41	$	329.74	$	- 	$	- 	$	490.15	
	Family (2 BDR)	Sub-Total	$	588.82	$	13.43	$	227.38	$	335.02	$	-	$	-	$	575.83	

	Town Center	Admin / Main	$	1,984.56	$	13.43	$	66.97	$	205.86	$	-	$	-	$	286.26	
		Debt	$	13,024.78	$	- 	$	160.41	$	12,863.47	$	- 	$	- 	$	13,023.88	
		Sub-Total	$	15,009.34	$	13.43	$	227.38	$	13,069.33	$	-	$	-	$	13,310.14	

Undeveloped	Per Half Acre	Admin / Maint	$	48.13	$	13.43	$	66.97	$	-	$	-	$	-	$	80.40	
Land In Unit 1	or Less	Debt	$	161.31	$	- 	$	160.41	$	- 	$	- 	$	- 	$	160.41	
Only		Sub-Total	$	209.44	$	13.43	$	227.38	$	-	$	-	$	-	$	240.81	
	
Undeveloped	Per Half Acre	Admin / Maint	$	48.13	$	13.43	$	66.97	$	-	$	-	$	-	$	80.40	
Land In Unit 2	or Less	Debt	$	161.31	$	- 	$	160.41	$	- 	$	- 	$	- 	$	160.41	
(not in Unit 3)		Sub-Total	$	209.44	$	13.43	$	227.38	$	-	$	-	$	-	$	240.81	
	
Undeveloped	Per Half Acre	Admin / Maint	$	48.13	$	13.43	$	66.97	$	-	$	-	$	-	$	80.40	
Land In Unit 3	or Less	Debt	$	161.31	$	- 	$	160.41	$	- 	$	- 	$	- 	$	160.41	
		Sub-Total	$	209.44	$	13.43	$	227.38	$	-	$	-	$	-	$	240.81	
	
Undeveloped	Per Half Acre	Admin / Maint	$	48.13	$	13.43	$	66.97	$	-	$	-	$	-	$	80.40	
Land In Unit 4	or Less	Debt	$	161.31	$	- 	$	160.41	$	- 	$	- 	$	- 	$	160.41	
		Sub-Total	$	209.44	$	13.43	$	227.38	$	-	$	-	$	-	$	240.81	

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 2018/2019	Fiscal Year 2019/2020	
Type	Type	Assessment Totals	Assessment Totals	

Island Walk	Island Walk Single Family	$646.53	$626.78	
	
	Island Walk Multi Family	$644.43	$625.07	

Pre Lennar	2 Bdr Sam 35	$1,912.67	$1,860.57	
	
	3 Bdr Sam 70	$2,251.69	$2,199.59	
	
	3 Bdr Sam 80	$2,378.62	$2,326.52	
	
	3 Bdr Lee 45	$2,046.98	$1,994.88	
	
	3 Bdr Lee 65	$2,200.04	$2,147.94	

Lennar	35'	$1,223.60	$1,185.20	
	
	Townhome	$1,223.60	$1,185.20	
	
	Coach	$1,374.95	$1,331.36	
	
	45'	$1,447.23	$1,395.13	
	
	52'	$1,553.61	$1,501.51	
	
	62'	$1,659.99	$1,607.89	
	
	65'	$1,659.99	$1,607.89	
	
	70'	$1,659.99	$1,607.89	
	
	75'	$1,766.38	$1,714.28	
	
	80'	$1,766.38	$1,714.28	

Renaissance	35' Villa	$1,001.47	$1,081.64	
	
	50' SF	$1,322.37	$1,402.54	
	
	60' SF	$1,536.31	$1,616.48	
	
Oasis	60' SF	$1,153.33	$1,233.50	
	
	70' SF	$1,303.44	$1,383.60	
	
Preserve	33' Villia	$748.04	$828.21	
	
	50' SF	$1,003.23	$1,083.39	

Town Center	Town Center Multi Family (3 BDR)	$633.90	$615.63	
	
	Town Center Multi Family (2 BDR)	$588.82	$575.83	
	
	Town Center	$15,009.34	$13,310.14	

Undeveloped Land In Unit 1 Only	Per Half Acre
or Less	$209.44	$240.81	

Undeveloped Land In Unit 2 (not in Unit 3)	Per Half Acre
or Less	$209.44	$240.81	

Undeveloped Land In Unit 3	Per Half Acre
or Less	$209.44	$240.81	

Undeveloped Land In Unit 4	Per Half Acre
or Less	$209.44	$240.81