West Villages	
Improvement District	

Final Budget For	
Fiscal Year 2020/2021	
October 1, 2020 - September 30, 2021	

Prepared by	

Table of Contents	

1	
Final Budget - Recap By Unit	
2	Final Infrastructure Maintenance Breakdown	
3	Final Budget - District Proper	
4	Final Budget - Unit 1	
5	Final Budget - Unit 2	
6	Final Budget - Unit 3	
7	Final Budget - Unit 4	
8	Final Budget - Unit 5	
9	Final Budget - Unit 7	
10	Budget Comparison	
11	Final Debt Service Fund Budget - Unit 1	
12	Final Debt Service Fund Budget - Unit 2	
13	Final Debt Service Fund Budget - Unit 3	
14	Final Debt Service Fund Budget - Unit 4	
15	Final Debt Service Fund Budget - Unit 5	
16	Final Debt Service Fund Budget - Unit 7	
17	Assessment Recap - District Proper	
18	Assessment Recap - Unit 1	
19	Assessment Recap - Unit 2 Total Gross	
20	Assessment Recap - Unit 2 Collection Method	
21	Assessment Recap - Unit 3 Total Gross	
22	Assessment Recap - Unit 3 Collection Method	
23	Assessment Recap - Unit 4 Total Gross	
24	Assessment Recap - Unit 4 Collection Method	
25	Assessment Recap - Unit 7 Total Gross	
26	Assessment Recap - Unit 7 Collection Method	
27	Assessments - Islandwalk	
28	Assessments - Gran Paradiso	
29	Assessments - Renaissance, Oasis, Preserve	
30	Assessments - Unit 7 Villages	
31	Assessments - Town Center & Other	
Appendix	
A-1	Debt Assessment Methodology - Unit 1	
A-2	Debt Assessment Methodology - Unit 2	
A-3	Debt Assessment Methodology - Unit 3	
A-4	Debt Assessment Methodology - Unit 4	
A-5	Debt Assessment Methodology - Unit 7	

TOC-1

 Recap By Unit									
District Proper	
Unit 1	
Unit 2	
Unit 3	
Unit 4	
Unit 5	
Unit 7	
Total	

 REVENUES		
O & M Assessments	418,150	1,257,718	60,504	175,544	119,888	0	0	2,031,804	
O & M Direct Bill	0	0	1,982	6,593	34,411	73,755	320,905	437,645	
Debt Assessments	0	2,524,395	2,671,239	1,295,594	636,699	0	0	7,127,927	
Debt Direct Bill	0	0	90,241	48,170	239,170	3,625,720	2,061,101	6,064,402	
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	 $	419,150      $	3,782,113      $	2,823,965      $	1,525,902      $	1,030,167      $	3,699,475      $	2,382,006 $ 15,662,778 	

 EXPENDITURES		
Infrastructure Maintenance	0	1,097,000	0	102,000	90,000	16,000	256,000	1,561,000	
GIS Project	100,000	0	0	0	0	0	0	100,000	
Engineering	40,000	15,000	2,000	15,000	2,500	2,500	2,000	79,000	
Management	60,586	12,005	12,005	12,005	12,005	12,005	12,005	132,616	
Operations Administration	31,300	31,300	15,650	15,650	15,650	15,650	15,650	140,850	
Legal	70,000	15,000	15,000	15,000	15,000	15,000	15,000	160,000	
Assessment Roll	7,500	1,500	1,500	1,500	1,500	0	1,500	15,000	
Audit Fees	6,000	3,000	3,000	3,000	3,000	3,000	3,000	24,000	
Arbitrage Rebate Fee	0	1,500	1,500	1,500	1,500	0	1,500	7,500	
Rents & Leases	15,000	0	0	0	0	0	0	15,000	
Insurance	35,000	0	0	0	0	0	0	35,000	
Legal Advertising	15,000	0	0	0	0	0	0	15,000	
Miscellaneous	3,175	1,700	1,700	1,700	1,700	2,500	10,000	22,475	
Postage	1,000	0	0	0	0	0	0	1,000	
Office Supplies	8,000	0	0	0	0	0	0	8,000	
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 	1,500 	500 	500 	1,500 	500 	5,000	
 Total Expenditures	 $	394,061       $	1,182,255      $	58,855       $	171,605       $	147,105       $	73,755       $	320,905      $	2,348,541 	

 EXCESS / (SHORTFALL)	 $	25,089       $	2,599,858      $	2,765,110      $	1,354,297      $	883,062       $	3,625,720      $	2,061,101 $ 13,314,237 

Payment to Trustee (Unit 1)	
Payment to Trustee (Unit 2)	
Payment to Trustee (Unit 3)	
Payment to Trustee (Unit 4)	
Payment to Trustee (Unit 5)	
Payment to Trustee (Unit 7)	

0	
0	
0	
0	
0	
0	

(2,372,931)	
0	
0	
0	
0	
0	

0	
(2,601,205)	
0	
0	
0	
0	

0	
0	
(1,266,029)	
0	
0	
0	

0	
0	
0	
(837,666)	
0	
0	

0	
0	
0	
0	
(3,625,720)	
0	

0	
0	
0	
0	
0	
(2,061,101)	

(2,372,931)	
(2,601,205)	
(1,266,029)	
(837,666)	
(3,625,720)	
(2,061,101)	

 BALANCE	 $	25,089       $	226,927       $	163,905       $	88,268       $	45,395       $	-	 $	-	 $	549,584 

County Appraiser & Tax Collector Fee	
Discounts For Early Payments	

(8,363)	
(16,726)	

(75,642)	
(151,285)	

(54,635)	
(109,270)	

(29,423)	
(58,846)	

(15,132)	
(30,263)	

-	
-	

-	
-	

(183,195)	
(366,389)	

 NET EXCESS / (SHORTFALL)	 $	-	 $	-	 $	-	 $	-	 $	-	 $	-	 $	-	 $	-	

Page 1

 Infrastructure  Maintenance Breakdown		
District Proper	Unit 1	Unit 2	Unit 3	Unit 4	Unit 5	Unit 7	Total	
								
 MAINTENANCE  EXPENDITURE									

Lake / Littoral Maintenance	
Mitigation Maintenance	
Road Maintenance / Resurface	
Landscaping	
Security Services	
Street Lighting	
Canal Maintenance / Repayment	

0	
0	
0	
0	
0	
0	
0	

51,000	
0	
248,000	
600,000	
5,000	
75,000	
118,000	

0	
0	
0	
0	
0	
0	
0	

0	
0	
102,000	
0	
0	
0	
0	

80,000	
10,000	
0	
0	
0	
0	
0	

16,000	
0	
0	
0	
0	
0	
0	

21,000	
0	
0	
220,000	
0	
15,000	
0	

168,000	
10,000	
350,000	
820,000	
5,000	
90,000	
118,000	

 Total Maintenance Expenditure	$	-	 $	1,097,000       $	-	 $	102,000       $	90,000       $	16,000       $	256,000       $	1,561,000 

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	

Page 2

 District Proper	

Fiscal Year	Fiscal Year	
2019/2020	2020/2021	
Annual Budget	Annual Budget	

 REVENUES		
O & M Assessments	309,745	418,150	
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	$	310,745	$	419,150	

EXPENDITURES	
GIS Project	0	100,000	
Engineering	45,000	40,000	
Management	60,586	60,586	
Operations Administration	20,600	31,300	
Legal	80,000	70,000	
Assessment Roll	7,500	7,500	
Annual Audit	4,800	6,000	
Arbitrage Rebate Fee	0	0	
Rents & Leases	15,000	15,000	
Insurance	40,000	35,000	
Legal Advertising	3,000	15,000	
Miscellaneous	3,175	3,175	
Postage	1,000	1,000	
Office Supplies	10,000	8,000	
Trustee Fees	0	0	
Continuing Disclosure Fee	0	0	
Website	1,500	1,500	
Contingency / Prev Shortfall	0	0	

Total Expenditures	$	292,161	$	394,061	

EXCESS / (SHORTFALL)	$	18,585	$	25,089	
Payment to Trustee	-	-

BALANCE	$	18,585	$	25,089	

County Appraiser & Tax Collector Fee	
Discounts for Early Payments	

(6,195)	
(12,390)	

(8,363)	
(16,726)	

NET EXCESS / (SHORTFALL)	$	-	$	-	

* Fund Balance as of 6-30-2020	=	$606,404	

Page 3

 Unit 1	

Fiscal Year	Fiscal Year	
2019/2020	2020/2021	
Annual Budget	Annual Budget	

 REVENUES		
O & M Assessments	1,092,612	1,257,718	
O & M Direct Bill	0	0	
Debt Assessments	2,528,025	2,524,395	
Debt Direct Bill	0	0	
Developer Contribution	0	0	
Other Revenues	0	0	

 Total Revenues		$	3,620,637	$	3,782,113	

 EXPENDITURES		
Infrastructure Maintenance	963,000	1,097,000	
Engineering	5,000	15,000	
Management	12,005	12,005	
Operations Administration	20,600	31,300	
Legal	15,000	15,000	
Assessment Roll	1,500	1,500	
Audit Fees	2,500	3,000	
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	
Trustee Fees	3,750	3,750	
Continuing Disclosure Fee	500	500	
Website	0	0	
Continuing / Prev Shortfall	0	0	

 Total Expenditures		$	1,027,055	$	1,182,255	

 EXCESS / (SHORTFALL)		$	2,593,582	$	2,599,858	
Payment to Trustee	(2,376,344)	(2,372,931)

 BALANCE		$	217,238	$	226,927	

County Appraiser & Tax Collector Fee	
Discounts for Early Payments	

(72,413)	
(144,825)	

(75,642)	
(151,285)	

 NET EXCESS / (SHORTFALL)		$	-	$	-	

* Fund Balance as of 6-30-2020	=	$984,612	

Page 4

 Unit 2	

Fiscal Year	Fiscal Year	
2019/2020	2020/2021	
Annual Budget	Annual Budget	

 REVENUES		
O & M Assessments	42,439	60,504	
O & M Direct Bill	2,813	1,982	
Debt Assessments	2,646,152	2,671,239	
Debt Direct Bill	116,724	90,241	
Developer Contribution	0	0	
Other Revenues	0	0	
Carry Over Funds from Prior Year	0	0	

 Total Revenues		$	2,808,127	$	2,823,965	

EXPENDITURES	
Infrastructure Maintenance	0	0	
Engineering	3,000	2,000	
Management	12,005	12,005	
Operations Administration	0	15,650	
Legal	15,000	15,000	
Assessment Roll	1,500	1,500	
Audit Fees	2,500	3,000	
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	
Trustee Fees	5,000	5,000	
Continuing Disclosure Fee	500	1,500	
Website	0	0	
Contingency / Prev Shortfall	0	0	

 Total Expenditures		$	42,705	$	58,855	

 EXCESS / (SHORTFALL)		$	2,765,422	$	2,765,110	
Payment to Trustee	(2,604,107)	(2,601,205)

 BALANCE		$	161,315	$	163,905	

County Appraiser & Tax Collector Fee	
Discounts for Early Payments	

(53,772)	
(107,544)	

(54,635)	
(109,270)	

 NET EXCESS / (SHORTFALL)		$	-	$	-	

* Fund Balance as of 6-30-2020	=	$234,876	

Page 5

 Unit 3	

Fiscal Year	Fiscal Year	
2019/2020	2020/2021	
Annual Budget	Annual Budget	

 REVENUES		
O & M Assessments	178,217	175,544	
O & M Direct Bill	13,531	6,593	
Debt Assessments	1,247,413	1,295,594	
Debt Direct Bill	98,780	48,170	
Developer Contribution	0	0	
Other Revenues	0	0	
Carry Over Funds from Prior Year	0	0	

 Total Revenues		$	1,537,942	$	1,525,902	

EXPENDITURES	
Infrastructure Maintenance	102,000	102,000	
Engineering	20,000	15,000	
Management	12,005	12,005	
Operations Administration	20,600	15,650	
Legal	15,000	15,000	
Assessment Roll	1,500	1,500	
Audit Fees	2,500	3,000	
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	
Trustee Fees	3,750	3,750	
Continuing Disclosure Fee	500	500	
Website	0	0	
Contingency / Prev Shortfall	0	0	

 Total Expenditures		$	181,055	$	171,605	

 EXCESS / (SHORTFALL)		$	1,356,887	$	1,354,297	
Payment to Trustee	(1,271,349)	(1,266,029)

 BALANCE		$	85,538	$	88,268	

County Appraiser & Tax Collector Fee	
Discounts for Early Payments	

(28,513)	
(57,025)	

(29,423)	
(58,846)	

 NET EXCESS / (SHORTFALL)		$	-	$	-	

* Fund Balance as of 6-30-2020	=	$584,873	

Page 6

 Unit 4	

Fiscal Year	Fiscal Year	
2019/2020	2020/2021	
Annual Budget	Annual Budget	

 REVENUES		
O & M Assessments	112,619	119,888	
O & M Direct Bill	50,193	34,411	
Debt Assessments	571,390	636,699	
Debt Direct Bill	300,560	239,170	
Developer Contribution	0	0	
Other Revenues	0	0	
Carry Over Funds from Prior Year	0	0	

 Total Revenues		$	1,034,762	$	1,030,167	

EXPENDITURES	
Infrastructure Maintenance	95,000	90,000	
Engineering	3,000	2,500	
Management	12,005	12,005	
Operations Administration	10,300	15,650	
Legal	15,000	15,000	
Assessment Roll	1,500	1,500	
Audit Fees	2,500	3,000	
Arbitrage Rebate Fee	1,500	1,500	
Rents & Leases	0	0	
Insurance	0	0	
Legal Advertising	0	0	
Miscellaneous	10,000	1,700	
Postage	0	0	
Office Supplies	0	0	
Trustee Fees	3,750	3,750	
Continuing Disclosure Fee	1,500	500	
Website	0	0	
Contingency / Prev Shortfall	0	0	

 Total Expenditures		$	156,055	$	147,105	

 EXCESS / (SHORTFALL)		$	878,707	$	883,062	
Payment to Trustee	(837,666)	(837,666)

 BALANCE		$	41,041	$	45,395	

County Appraiser & Tax Collector Fee	
Discounts for Early Payments	

(13,680)	
(27,360)	

(15,132)	
(30,263)	

 NET EXCESS / (SHORTFALL)		$	-	$	-	

* Fund Balance as of 6-30-2020	=	$113,942	

Page 7

 Unit 5	

Fiscal Year	Fiscal Year	
2019/2020	2020/2021	
Annual Budget	Annual Budget	

 REVENUES		
O & M Assessments	0	0	
O & M Direct Bill	67,905	73,755	
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		$	3,693,625	$	3,699,475	

EXPENDITURES	
Infrastructure Maintenance	15,000	16,000	
Engineering	2,500	2,500	
Management	12,005	12,005	
Operations Administration	10,300	15,650	
Legal	15,000	15,000	
Assessment Roll	0	0	
Audit Fees	2,500	3,000	
Arbitrage Rebate Fee	0	0	
Rents & Leases	0	0	
Insurance	0	0	
Legal Advertising	0	0	
Miscellaneous	5,000	2,500	
Postage	0	0	
Office Supplies	0	0	
Trustee Fees	5,600	5,600	
Continuing Disclosure Fee	0	1,500	
Website	0	0	
Contingency / Prev Shortfall	0	0	

 Total Expenditures		$	67,905	$	73,755	

 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 6-30-2020	=	($248,110)	

Page 8

 Unit 7	

Fiscal Year	Fiscal Year	
2019/2020	2020/2021	
Annual Budget	Annual Budget	

 REVENUES		
O & M Assessments	0	0	
O & M Direct Bill	344,555	320,905	
Debt Assessments	0	0	
Debt Direct Bill	773,731	2,061,101	
Developer Contribution	0	0	
Other Revenues	0	0	
Carry Over Funds from Prior Year	0	0	

 Total Revenues		$	1,118,286	$	2,382,006	

EXPENDITURES	
Infrastructure Maintenance	249,000	256,000	
Engineering	2,000	2,000	
Management	12,005	12,005	
Operations Administration	10,300	15,650	
Legal	15,000	15,000	
Assessment Roll	0	1,500	
Audit Fees	2,500	3,000	
Arbitrage Rebate Fee	0	1,500	
Rents & Leases	0	0	
Insurance	0	0	
Legal Advertising	0	0	
Miscellaneous	50,000	10,000	
Postage	0	0	
Office Supplies	0	0	
Trustee Fees	3,750	3,750	
Continuing Disclosure Fee	0	500	
Website	0	0	
Contingency / Prev Shortfall	0	0	

 Total Expenditures		$	344,555	$	320,905	

 EXCESS / (SHORTFALL)		$	773,731	$	2,061,101	
Payment to Trustee	(773,731)	(2,061,101)

 BALANCE		$	-	$	-	

County Appraiser & Tax Collector Fee	
Discounts for Early Payments	

-	
-	

-	
-	

 NET EXCESS / (SHORTFALL)		$	-	$	-	

* Fund Balance as of 6-30-2020	=	$5,151	

Page 9

Budget Comparison			
Fiscal Year	Fiscal Year	Fiscal Year	
2018/2019	2019/2020	2020/2021	
Actual	Annual Budget	Annual Budget	

REVENUES	
O & M Assessments	1,274,291	1,688,554	2,031,804	
O & M Direct Bill	132,462	498,250	437,645	
Debt Assessments	5,239,520	6,992,980	7,127,927	
Debt Direct Bill	913,435	4,915,516	6,064,402	
Interest / Other Income	587,685	1,000	1,000	
Bond Prepayments	0	0	0	
Bond Prepayments Sent to Trustee	0	0	0	
Developer Funding	61,498,869	0	0	
Carry Over Funds from Prior Year	0	0	0	

Total Revenues

$

69,646,261	$

14,096,301	$

15,662,778

EXPENDITURES	
Infrastructure Maintenance	1,008,897	1,399,000	1,561,000	
GIS Project	0	0	100,000	
Engineering	194,410	80,500	79,000	
Management	119,481	132,616	132,616	
Operations Administration	93,887	92,700	140,850	
Legal	117,150	170,000	160,000	
Assessment Roll	13,500	13,500	15,000	
Audit Fees	21,576	19,800	24,000	
Arbitrage Rebate Fee	2,600	6,000	7,500	
Rents & Leases	14,400	15,000	15,000	
Insurance	24,809	40,000	35,000	
Legal Advertising	30,767	3,000	15,000	
Miscellaneous	18,997	73,100	22,475	
Postage	1,848	1,000	1,000	
Office Supplies	6,288	10,000	8,000	
Trustee Fees	16,633	25,600	25,600	
Continuing Disclosure Fee	4,750	3,000	5,000	
Website	1,500	1,500	1,500	
Contingency / Construction Cost	61,742,025	0	0	

Total Expenditures

63,433,519

2,086,491

2,348,541

EXCESS / (SHORTFALL)

$

6,212,742	$

12,009,810	$

13,314,237

Debt Payment to Trustee (All Units)	(5,903,240)	(11,488,918)	(12,764,653)

BALANCE

$

309,502	$

520,892	$

549,584

County Appraiser & Tax Collector Fee	
Discounts for Early Payments	

(62,674)	
(247,762)	

(173,631)	
(347,261)	

(183,195)	
(366,389)	

NET EXCESS / (SHORTFALL)

$

(935)	$

-

$

-

Page 10

 Unit 1 - Debt Service		
Fiscal Year	
2020/2021	
Annual Budget	

REVENUES	
Interest Income	0	
Debt Collections	2,372,931	
Total Revenues	$	2,372,931	

EXPENDITURES	
Principal Payments	1,115,000	
Interest Payments	1,257,931	
Miscellaneous / Extra Redemption	0	
Total Expenditures	$	2,372,931	

Excess / (Shortfall)	$	-	

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

Page 11

Unit 2 - Debt Service		
Series 2019A-1 (Performing)	
Fiscal Year	
2020/2021	
Annual Budget	

 

REVENUES	
Interest Income	0	
Net Debt Collections	1,413,099	
Total Revenues	$	1,413,099	

EXPENDITURES	
Principal Payments	575,000	
Interest Payments	827,569	
Miscellaneous / Extra Redemption	10,530	
Total Expenditures	$	1,413,099	

Excess / (Shortfall)	$	-	

Series 2019A-1 Bifurcated Bond Information (Performing)	
Original Par Amount =	$15,190,000	Annual Principal Payments Due =	May 1st	
Interest Rate =	5.750%	Annual Interest Payments Due =	May 1st & November 1st	
Issue Date =	October 2019			
Maturity Date =	May 2036			

Series 2019A-2 (Non Performing)	
Fiscal Year	
2020/2021	
Annual Budget	

REVENUES	
Interest Income	0	
Net Debt Collections	1,188,107	
Total Revenues	$	1,188,107	

EXPENDITURES	
Principal Payments	485,000	
Interest Payments	699,056	
Miscellaneous / Extra Redemption	4,050	
Total Expenditures	$	1,188,107	

Excess / (Shortfall)	$	-	

Series 2019A-2 Bifurcated Bond Information (Performing)	
Original Par Amount =	$12,830,000	Annual Principal Payments Due =	May 1st	
Interest Rate =	5.750%	Annual Interest Payments Due =	May 1st & November 1st	
Issue Date =	October 2019			
Maturity Date =	May 2036			

Page 12

 Unit 3 - Debt Service		
Fiscal Year	
2020/2021	
Annual Budget	

 REVENUES		
Interest Income	0	
Net Debt Collections	1,266,029	
Total Revenues	$	1,266,029	

 EXPENDITURES		
Principal Payments	610,000	
Interest Payments	659,510	
Miscellaneous / Extra Redemption	-3,481	
Total Expenditures	$	1,266,029	

Excess / (Shortfall)	$	-	

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

Page 13

 Unit 4 - Debt Service		
Fiscal Year	
2020/2021	
Annual Budget	

 REVENUES		
Interest Income	0	
Net Debt Collections	837,666	
Total Revenues	$	837,666	

 EXPENDITURES		
Principal Payments	255,000	
Interest Payments	581,831	
Miscellaneous / Extra Redemption	835	
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 =	4.88%	Annual Interest Payments Due =	May 1st & November 1st	
Issue Date =	October 2016			
Maturity Date =	November 2046			

Page 14

 Unit 5 - Debt Service		
Fiscal Year	
2020/2021	
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	540,000	
2017A Interest Payments	456,227	
2017B Principal Payments	1,312,371	
2017B Interest Payments	1,276,225	
Other / Extra Redemption	40,898	
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 =	3.72%	Annual Interest Payments Due =	February 1st & August 1st	
Issue Date =	December 2017			
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 =	5.39%	Annual Interest Payments Due =	June 30th & December 30th	
Issue Date =	December 2017			
Maturity Date =	December 2033			

Page 15

 Unit 7 - Debt Service		
Fiscal Year	
2020/2021	
Annual Budget	

 REVENUES		
Interest	0	
Net Master Debt Collections	1,974,499	
Net Village B Debt Collections	86,602	
Total Revenues	$	2,061,101	

 EXPENDITURES		
2019 Master Principal Payments	495,000	
2019 Master Interest Payments	1,474,438	
2019 Village B Principal Payments	20,000	
2019 Village B Interest Payments	62,725	
Other / Extra Redemption	8,939	
Total Expenditures	$	2,061,101	

Excess / (Shortfall)	$	-	

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

Page 16

 Assessment Recap - District Proper		
A	B	C	F	G	F	G	

Total Fiscal Year	Total Fiscal Year	Total Fiscal Year	Total Fiscal Year	
Lot		2019/2020	2019/2020	2020/2021	2020/2021	
Type	Units	Assessment	Assessment Per Unit	Projected Assessment	Projected Assessment Per Unit	

Developed	Administrative	$	4,029.12	$	13.43	$	9,436.15	$	18.04	
Lots In Unit 1 Only	Debt	523	$	-	$	-	$	-	$	- 	
	Sub-Total	$	4,029.12	$	13.43	$	9,436.15	$	18.04	
	
Developed	Administrative	$	22,334.76	$	13.43	$	33,703.12	$	18.04
Lots In Unit 2	Debt	1,868	$	-	$	-	$	-	$	- 
Sub-Total	$	22,334.76	$	13.43	$	33,703.12	$	18.04	
	
Developed	Administrative	$	23,610.65	$	13.43	$	32,963.38	$	18.04
Lots In Unit 3	Debt	1,827	$	-	$	-	$	-	$	- 
Sub-Total	$	23,610.65	$	13.43	$	32,963.38	$	18.04	
	
Developed	Administrative	$	9,347.56	$	13.43	$	14,181.29	$	18.04
Lots In Unit 4	Debt	786	$	-	$	-	$	-	$	- 
Sub-Total	$	9,347.56	$	13.43	$	14,181.29	$	18.04	
	
Developed Lots	Administrative	$	-	$	13.43	0	$	18.04
In Sarasota County	Debt	0	$	-	$	-	$	-	$	- 
Sub-Total	$	-	$	13.43	$	-	$	18.04	

Undeveloped	Administrative		$	143,906.77	$	13.43	$	186,467.75	$	18.04	
Land In Unit 1	Debt	10,335	$	- 	$	- 	$	- 	$	- 	
	Sub-Total		$	143,906.77	$	13.43	$	186,467.75	$	18.04	
	
Undeveloped	Administrative		$	3,451.61
$	- 
$	3,451.61	$	13.43
$	- 
$	13.43	$	3,698.68
$	- 
$	3,698.68	$	18.04
$	- 
$	18.04	
Land In Unit 2	Debt	205					
	Sub-Total						
	
Undeveloped	Administrative		$	1,463.91
$	- 
$	1,463.91	$	13.43
$	- 
$	13.43	$	1,641.85
$	- 
$	1,641.85	$	18.04
$	- 
$	18.04	
Land In Unit 3	Debt	91					
	Sub-Total						
	
Undeveloped	Administrative		$	3,518.77
$	- 
$	3,518.77	$	13.43
$	- 
$	13.43	$	4,294.08
$	- 
$	4,294.08	$	18.04
$	- 
$	18.04	
Land In Unit 4	Debt	238					
	Sub-Total						
	
Undeveloped Land
In Sarasota County	Administrative
Debt	
7,303	$	98,082.23
$	- 	$	13.43
$	- 	$	131,763.32
$	- 	$	18.04
$	- 	
	Sub-Total		$	98,082.23	$	13.43	$	131,763.32	$	18.04	

 Total		 23,176	 $	309,745.38	 $	418,149.64 

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    	23,176.00 	assessable units in the District.	

Page 17

 Assessment Recap - Unit 1		

A	
B	
C	
F	
G	
F	
G	

Total Fiscal Year	Total Fiscal Year	Total Fiscal Year	Total Fiscal Year	
Lot		2019/2020	2019/2020	2020/2021	2020/2021	
Type	Units	Assessment	Assessment Per Unit	Projected Assessment	Projected Assessment Per Unit	

Developed	Administrative	$	20,089.68	$	66.97	$	41,440.59	$	79.24	
Lots In Unit 1 Only	Debt	523	$	48,122.31	$	160.41	$	83,176.37	$	159.04	
	Sub-Total	$	68,211.98	$	227.37	$	124,616.97	$	238.27	
	
Developed	Administrative	$	111,363.77	$	66.97	$	148,013.44	$	79.24
Lots In Unit 2	Debt	1,868	$	266,758.00	$	160.41	$	297,081.19	$	159.04
Sub-Total	$	378,121.77	$	227.37	$	445,094.64	$	238.27	
	
Developed	Administrative	$	117,725.50	$	66.97	$	144,764.75	$	79.24
Lots In Unit 3	Debt	1,827	$	281,996.73	$	160.41	$	290,560.67	$	159.04
Sub-Total	$	399,722.23	$	227.37	$	435,325.43	$	238.27	
	
Developed	Administrative	$	46,608.05	$	66.97	$	62,279.75	$	79.24
Lots In Unit 4	Debt	786	$	111,643.76	$	160.41	$	125,003.11	$	159.04
Sub-Total	$	158,251.80	$	227.37	$	187,282.86	$	238.27	

Undeveloped	Admin / Maint	$	717,536.27	$	66.97	$	818,907.35	$	79.24	
Land In Unit 1	Debt	10,335	$	1,718,768.45	$	160.41	$	1,643,647.82	$	159.04	
	Sub-Total	$	2,436,304.72	$	227.37	$	2,462,555.18	$	238.27	
	
Undeveloped	Administrative	$	17,210.16	$	66.97	$	16,243.45	$	79.24
Land In Unit 2	Debt	205	$	41,224.78	$	160.41	$	32,602.59	$	159.04
Sub-Total	$	58,434.93	$	227.37	$	48,846.04	$	238.27	
	
Undeveloped	Administrative	$	7,299.25	$	66.97	$	7,210.50	$	79.24
Land In Unit 3	Debt	91	$	17,484.44	$	160.41	$	14,472.37	$	159.04
Sub-Total	$	24,783.69	$	227.37	$	21,682.88	$	238.27	
	
Undeveloped	Administrative	$	17,544.98	$	66.97	$	18,858.24	$	79.24
Land In Unit 4	Debt	238	$	42,026.82	$	160.41	$	37,850.82	$	159.04
Sub-Total	$	59,571.80	$	227.37	$	56,709.06	$	238.27	

Total Admin / Maint	
Total Debt	

$	1,055,377.66	
$	2,528,025.28	

$	1,257,718.09	
$	2,524,394.96	

 Total		 15,873	 $	3,583,402.94	 $	3,782,113.04 

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    	15,873.00 	assessable units in Unit 1.	

Page 18

Assessment Recap - Unit 2 (Total Gross)

	

A	B	C	E	F	I	H	I

Methodology			Total Fiscal Year	Total Fiscal Year	Total Fiscal Year	
Lot	Maximum	Admin / Maint Assessment		2019/2020	2020/2021	2020/2021	
Type	Percentage	Allocation	Units	Per Unit	Projected Assessment	Projected Per Unit	

2019 A-1 (Performing)

Island Walk	Admin / Maint	1,799	$	6.08	$	15,007.14	$	8.34	
Single	Debt	23.97%	15,007.14	1,796	$	379.89	$	682,282.44	$	379.89	
Family	Sub-Total	$	385.97	$	697,289.58	$	388.23	
	
Island Walk	Admin / Maint	$	6.04	$	581.29	$	8.30
Multi	Debt	0.93%	581.29	70	$	378.22	$	26,475.40	$	378.22
Family	Sub-Total	$	384.26	$	27,056.69	$	386.52	

Gran Paradiso	Admin / Maint			1,439	$	6.79	$	13,401.03	$	9.31	
Single	Debt	21.40%	13,401.03	1,426	$	424.10	$	604,766.60	$	424.10	
Family	Sub-Total				$	430.89	$	618,167.63	$	433.41	

Gran Paradiso	Admin / Maint	$	5.78	$	2,221.69	$	7.93	
Multi	Debt	3.55%	2,221.69	280	$	361.34	$	101,175.20	$	361.34	
Family (3 BDR)	Sub-Total	$	367.12	$	103,396.89	$	369.27	
	
Gran Paradiso	Admin / Maint	280	$	5.16	$	1,980.85	$	7.07
Multi	Debt	3.16%	1,980.85	275	$	322.17	$	88,596.75	$	322.17
Family (2 BDR)	Sub-Total	$	327.33	$	90,577.60	$	329.24	

Preserve	Admin / Maint	$	0.99	$	917.63	$	8.34	
Single	Debt	1.47%	917.63	110	$	-	$	-	$	- 	
Family	Sub-Total	$	0.99	$	917.63	$	8.34	
	
Preserve	Admin / Maint	$	0.99	$	747.33	$	8.30
Multi	Debt	1.19%	747.33	90	$	-	$	-	$	- 
Family	Sub-Total	$	0.99	$	747.33	$	8.30	

2019 A-2 (Non Performing)

Town Center	Admin / Maint	$	5.91	$	615.66	$	8.10	
Multi	Debt	0.98%	615.66	76	$	368.91	$	28,037.16	$	368.91	
Family (3 BDR)	Sub-Total	$	374.82	$	28,652.82	$	377.01	
	
Town Center	Admin / Maint	$	5.28	$	1,013.70	$	7.24
Multi	Debt	1.62%	1,013.70	140	$	329.74	$	46,163.60	$	329.74
Family (2 BDR)	Sub-Total	$	335.02	$	47,177.30	$	336.98	
	
Town Center	Admin / Maint	$	205.86	$	26,125.34	$	282.47
Debt	41.73%	26,125.34	92.49	$	12,863.47	$	1,189,742.34	$	12,863.47
Sub-Total	$	13,069.33	$	1,215,867.68	$	13,145.94	

$	62,611.67	
$	2,767,239.49	

Total	100.00%	$	62,611.70	4,376	$	2,828,186.19

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 WVID Unit 2 Amended & Restated Final MR Rev 09-25-19

The Admin / Maint Assessment is calculated by the WVID Unit 2 Amended & Restated Final MR Rev 09-25-19 percentages Methodology Report Attached.
 There are 21 units with pre-paid bonds.		
3 unit in Island Walk Single Family	
13 unit in the Gran Paradiso Single Family	
5 unit in the Gran Paradiso Multi Family	

Page 19

 Assessment Recap - Unit 2 (Collection Method)	

A	B	C	D	E	F	G	H	I

 	TOTAL GROSS	

2019 A-1 (Performing)

	Total Fiscal Year	Total Fiscal Year	
Lot
Type	
Units	2020/2021
Projected Assessment	2020/2021
Projected Per Unit	

Island W alk Single	Admin / Maint Debt	1,799
1,796	$	15,007.14
$	682,282.44	$	8.34
$	379.89	
Family	Sub-Total		$	697,289.58	$	388.23	
	
Island W alk Multi	Admin / Maint Debt	
70	$	581.29
$	26,475.40	$	8.30
$	378.22	
Family	Sub-Total		$	27,056.69	$	386.52	

GRAN PARADISO ON
 	ROLL GROSS	

GRAN PARADISO
  DIRECT BILL GROSS 

Family

Sub-Total

Admin / Maint	1,439
Debt

1,426

$	424.10

9.31

$

$	604,766.60

13,401.03

$

1,090  $    10,150.88	$

9.31

1,077  $  456,755.70	$      424.10
$  466,906.58	$     433.41

$

3,250.15

$	148,010.90
$	151,261.05

433.41

$

618,167.63

$

Gran Paradiso Single

$	-	$	-

Gran Paradiso Multi	Admin / Maint Debt	
280	$	2,221.69
$	101,175.20	$	7.93
$	361.34	
Family (3 BDR)	Sub-Total		$	103,396.89	$	369.27	
	
Gran Paradiso Multi	Admin / Maint Debt	280
275	$	1,980.85
$	88,596.75	$	7.07
$	322.17	
Family (2 BDR)	Sub-Total		$	90,577.60	$	329.24	

 	
	$	1,206.06	$	7.93	
152	 $ 54,923.68	$ 361.34	
	$ 56,129.74	$ 369.27	
	
585	$	4,138.57	$	7.07	
580	 $ 186,858.60	$ 322.17	
	$ 190,997.17	$ 329.24	

 	
$	1,015.63
$	46,251.52
$	47,267.15	
	
$	(2,157.71)
 $	(98,261.85)
$	(100,419.56)	

$    15,495.51	$	2,108.06
 $  698,537.98	$	96,000.57

Gran Paradiso Direct Bill Net

$	1,981.58
$	90,240.54

PRESERVE ON ROLL
 	GROSS	

PRESERVE DIRECT
 	BILL GROSS	

Preserve Single	Admin / Maint Debt	
110	$	917.63
 $	- 	$	8.34
$	- 	
Family	Sub-Total		$	917.63	$	8.34	
	
Preserve Multi	Admin / Maint Debt	
90	$	747.33
 $	- 	$	8.30
$	- 	
Family	Sub-Total		$	747.33	$	8.30	

	$	917.63	$	8.34	
110	 $	- 	$	- 	
	$	917.63	$	8.34	
	
	$	938.32	$	8.30	
113	 $	- 	$	- 	
	$	938.32	$	8.30	

$	-
 $	- 
$	-	
	
$	(190.99)
 $	- 
$	(190.99)	

$	1,855.95	$	(190.99)
 $	-	 $	- 

Preserve Direct Bill Net

$	(179.53)
 $	- 

2019 A-2 (Non Performing)

TOWN CENTER ON ROLL
 	GROSS	

TOWN CENTER
  DIRECT BILL GROSS 

Town Center Multi
Family (3 BDR)	Admin / Maint Debt
Sub-Total	
76	$	615.66
$	28,037.16
$	28,652.82	$	8.10
$	368.91
$	377.01	
$	-	
Town Center Multi	Admin / Maint Debt	
140	$	1,013.70
$	46,163.60	$	7.24
$	329.74	
Family (2 BDR)	Sub-Total		$	47,177.30	$	336.98	
$	-	
Town Center	Admin / Maint		$	26,125.34	$	282.47	
	Debt	92	$	1,189,742.34	$	12,863.47	
	Sub-Total		$	1,215,867.68	$	13,145.94	

	$	615.66	$	8.10	
76	 $ 28,037.16	$ 368.91	
	$ 28,652.82	$ 377.01	
	
	$	1,013.70	$	7.24	
140	 $ 46,163.60	$ 329.74	
	$ 47,177.30	$ 336.98	
	
	$ 26,125.34	$ 282.47	
92	 $1,189,742.34	$ 12,863.47	
	$1,215,867.68	$ 13,145.94	

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

 	
$	62,611.67	$    27,754.70	$	-

$	2,767,239.49
 		   $	- 

Total		 4,376	 $	2,828,186.19 

 $1,263,943.10

 $	- 

Town Center Direct Bill Net

$	-
 $	- 

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 WVID Unit 2 Amended & Restated Final MR Rev 09-25-19

The Admin / Maint Assessment is calculated by the WVID Unit 2 Amended & Restated Final MR Rev 09-25-19 percentages Methodology Report Attached.
 There are 21 units with pre-paid bonds.
3 unit in Island Walk Single Family
13 unit in the Gran Paradiso Single Family 5 unit in the Gran Paradiso Multi Family

Page 20

Assessment Recap - Unit 3 (Total Gross)	
A	B	C	D	G	F	G	

Total Fiscal Year	
2019/2020	

Total Fiscal Year	Total Fiscal Year 2020/2021		2020/2021
Product	Total		Projected	Projected	
Category	Type	Units	Assessment Per Unit	Assessment	Assessment Per Unit	

Pre Lennar		2 Bdr Sam 35	Admin / Maint	5	$	95.78	$	480.42	$	96.08	
			Debt	4	$	1,093.10	 $	4,372.40	$	1,093.10	
			Sub-Total	$	1,188.88	$	4,852.82	$	1,189.18	
		
		3 Bdr Sam 70	Admin / Maint	6	$	95.78	$	576.50	$	96.08
Debt	5          $	1,432.12	 $	7,160.60	$	1,432.12
Sub-Total	$	1,527.90	$	7,737.10	$	1,528.20	
		
		3 Bdr Sam 80	Admin / Maint	5	$	95.78	$	480.42	$	96.08
Debt	4	$	1,559.05	 $	6,236.20	$	1,559.05
Sub-Total	$	1,654.83	$	6,716.62	$	1,655.13	
		
		3 Bdr Lee 45	Admin / Maint	$	95.78	$	384.33	$	96.08
Debt	4	$	1,227.41	 $	4,909.64	$	1,227.41
Sub-Total	$	1,323.19	$	5,293.97	$	1,323.49	
		
		3 Bdr Lee 65	Admin / Maint	10	$	95.78	$	960.83	$	96.08
Debt	8	$	1,380.47	 $	11,043.76	$	1,380.47
Sub-Total	$	1,476.25	$	12,004.59	$	1,476.55	

 	Total	 	Pre Lennar		 30	Gross	$	2,882.50	Gross	
 $	33,722.60	

Lennar		35'	Admin / Maint	179	$	95.78	$	17,198.93	$	96.08	
			Debt	175        $	521.28	 $	91,224.00	$	521.28	
			Sub-Total	$	617.06	$	108,422.93	$	617.36	
		
		Townhome	Admin / Maint	420	$	95.78	$	40,355.04	$	96.08
Debt	419        $	521.28	$	218,416.32	$	521.28
Sub-Total	$	617.06	$	258,771.36	$	617.36	
		
		Coach	Admin / Maint	$	95.78	$	11,145.68	$	96.08
Debt	116	$	627.66	 $	72,808.56	$	627.66
Sub-Total	$	723.44	$	83,954.24	$	723.74	
		
		45'	Admin / Maint	$	95.78	$	5,668.92	$	96.08
Debt	59	$	627.66	 $	37,031.94	$	627.66
Sub-Total	$	723.44	$	42,700.86	$	723.74	
		
		52'	Admin / Maint	513	$	95.78	$	49,290.80	$	96.08
Debt	511        $	734.04	$	375,094.44	$	734.04
Sub-Total	$	829.82	$	424,385.24	$	830.12	
		
		62'	Admin / Maint	131	$	95.78	$	12,586.93	$	96.08
Debt	127        $	840.42	$	106,733.34	$	840.42
Sub-Total	$	936.20	$	119,320.27	$	936.50	
		
		65'	Admin / Maint	79	$	95.78	$	7,590.59	$	96.08
Debt	78         $	840.42	 $	65,552.76	$	840.42
Sub-Total	$	936.20	$	73,143.35	$	936.50	
		
		70'	Admin / Maint	$	95.78	$	5,380.67	$	96.08
Debt	56	$	840.42	 $	47,063.52	$	840.42
Sub-Total	$	936.20	$	52,444.19	$	936.50	
		
		75'	Admin / Maint	252	$	95.78	$	24,116.94	$	96.08
Debt	251        $	946.81	$	237,649.31	$	946.81
Sub-Total	$	1,042.59	$	261,766.25	$	1,042.89	
		
		80'	Admin / Maint	$	95.78	$	6,245.42	$	96.08
Debt	65	$	946.81	 $	61,542.65	$	946.81
Sub-Total	$	1,042.59	$	67,788.07	$	1,042.89	

 	Total	 	Lennar		 1,870	Gross	$	179,579.92	Gross	
$ 1,313,116.84	

 TOTAL GROSS

  1,900 Total Gross

$	182,558.51
Total Gross
$ 1,346,839.44

 TOTAL NET	

  1,900 Total Net

$	171,605.00
Total Net
$ 1,266,029.07

Assessment is calculated by the 2014 Revised Unit 3 Special Methodology Report Revised Methodology Report Tables 2 & 3 Attached
 There are 18 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
52', 4 unit are SF 62', 1 unit is a SF 65', 1 unit is a SF 75', 4 unit is a SF 35', and 1 unit is a Townhome	
Page 21

 Assessment Recap - Unit 3 (Collection Method)		
A	B	C	D	E	F	G	H	I	J	

 	TOTAL GROSS		 	PLATTED ON ROLL GROSS		 DIRECT BILL GROSS 

	

	

	

	

	

	

	

	

	

Total Fiscal Year	Total Fiscal Year	Fiscal Year	Fiscal Year	
			2020/2021	2020/2021		2020/2021	2020/2021	
	Product	Total	Projected	Projected	Platted	Platted Total	Platted Per Unit	
Category	Type	Units	Assessment	Assessment Per Unit	Units	Assessments	Assessments	

Pre Lennar		2 Bdr Sam 35	Admin / Maint	5	$	480.42	$	96.08	
			Debt	      4		 $		4,372.40	$	1,093.10	
			Sub-Total		$	4,852.82	$	1,189.18	
		
		3 Bdr Sam 70	Admin / Maint	6	$	576.50	$	96.08	
			Debt	      5 	 $	7,160.60	$	1,432.12	
			Sub-Total		$	7,737.10	$	1,528.20	
		
		3 Bdr Sam 80	Admin / Maint	5	$	480.42	$	96.08	
			Debt	      4		 $	6,236.20	$	1,559.05	
			Sub-Total		$	6,716.62	$	1,655.13	
		
		3 Bdr Lee 45	Admin / Maint		$	384.33	$	96.08	
			Debt	4	 $	4,909.64	$	1,227.41	
			Sub-Total		$	5,293.97	$	1,323.49	
		
		3 Bdr Lee 65	Admin / Maint	10	$	960.83	$	96.08	
			Debt	      8		 $	11,043.76	$	1,380.47	
			Sub-Total		$	12,004.59	$	1,476.55	

5	$	480.42	$	96.08	
4	$	4,372.40	$	1,093.10	
	$	4,852.82	$	1,189.18	
	
6	$	576.50	$	96.08	
5	$	7,160.60	$	1,432.12	
	$	7,737.10	$	1,528.20	
	
5	$	480.42	$	96.08	
4	$	6,236.20	$	1,559.05	
	$	6,716.62	$	1,655.13	
	
$	384.33	$	96.08
4	$	4,909.64	$	1,227.41
$	5,293.97	$	1,323.49	
	
10	$	960.83	$	96.08	
8	 $	11,043.76	$	1,380.47	
	$	12,004.59	$	1,476.55	

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

 	Total		      Pre Lennar 	     30 	$	2,882.50	Gross	     30 	$	2,882.50	Platted On Roll	$	-	Direct Bill	
 $		33,722.60	 $		33,722.60	Gross	 $		- 	Gross	

Lennar		35'	Admin / Maint	179	$	17,198.93	$	96.08	
			Debt	    175 	 $		91,224.00	$	521.28	
			Sub-Total		$ 108,422.93	$	617.36	
		
		Townhome	Admin / Maint	420	$	40,355.04	$	96.08	
			Debt	    419 	 $ 218,416.32	$	521.28	
			Sub-Total		$ 258,771.36	$	617.36	
		
		Coach	Admin / Maint		$	11,145.68	$	96.08	
			Debt	116	 $	72,808.56	$	627.66	
			Sub-Total		$	83,954.24	$	723.74	
		
		45'	Admin / Maint		$	5,668.92	$	96.08	
			Debt	59	 $	37,031.94	$	627.66	
			Sub-Total		$	42,700.86	$	723.74	
		
		52'	Admin / Maint	513	$	49,290.80	$	96.08	
			Debt	    511 	 $ 375,094.44	$	734.04	
			Sub-Total		$ 424,385.24	$	830.12	
		
		62'	Admin / Maint	131	$	12,586.93	$	96.08	
			Debt	    127 	 $ 106,733.34	$	840.42	
			Sub-Total		$ 119,320.27	$	936.50	
		
		65'	Admin / Maint	79	$	7,590.59	$	96.08	
			Debt	     78 	 $	65,552.76	$	840.42	
			Sub-Total		$	73,143.35	$	936.50	
		
		70'	Admin / Maint		$	5,380.67	$	96.08	
			Debt	56	 $	47,063.52	$	840.42	
			Sub-Total		$	52,444.19	$	936.50	
		
		75'	Admin / Maint	252	$	24,213.02	$	96.08	
			Debt	    251 	 $ 237,649.31	$	946.81	
			Sub-Total		$ 261,862.33	$	1,042.89	
		
		80'	Admin / Maint		$	6,245.42	$	96.08	
			Debt	65	 $	61,542.65	$	946.81	
			Sub-Total		$	67,788.07	$	1,042.89	

333	$	31,995.78	$	96.08	
329	 $ 171,501.12	$	521.28	
	$ 203,496.90	$	617.36	
	
252	$	24,213.02	$	96.08	
251	 $ 130,841.28	$	521.28	
	$ 155,054.30	$	617.36	
	
$	14,604.68	$	96.08
152	 $	95,404.32	$	627.66
$    110,009.00	$	723.74	
	
$	5,668.92	$	96.08
59	 $	37,031.94	$	627.66
$	42,700.86	$	723.74	
	
337	$	32,380.11	$	96.08	
335	 $ 245,903.40	$	734.04	
	$ 278,283.51	$	830.12	
	
289	$	27,768.11	$	96.08	
285	 $ 239,519.70	$	840.42	
	$ 267,287.81	$	936.50	
	
53	$	5,092.42	$	96.08	
52	 $	43,701.84	$	840.42	
	$	48,794.26	$	936.50	
	
$	5,380.67	$	96.08
56	 $	47,063.52	$	840.42
$	52,444.19	$	936.50	
	
201	$	19,312.77	$	96.08	
200	 $ 189,362.00	$	946.81	
	$ 208,674.77	$	1,042.89	
	
$	6,245.42	$	96.08
65	 $	61,542.65	$	946.81
$	67,788.07	$	1,042.89	

$	(14,796.85)	
$	(80,277.12)	
$	(95,073.97)
$	16,142.02
 $	87,575.04
$	103,717.06
$	(3,459.00)
$	(22,595.76)
$	(26,054.76)
$	-
 $	- 
$	-
$	16,910.68
 $	129,191.04
$	146,101.72
$	(15,181.18)
$     (132,786.36)
$     (147,967.54)
$	2,498.17
 $	21,850.92
$	24,349.09
$	-
 $	- 
$	-
$	4,900.25
 $	48,287.31
$	53,187.56
$	-
 $	- 
$	-	

 	Total		 	Lennar		   1,870 	$ 179,676.01	Gross	   1,797 	$ 172,661.92	Platted On Roll	$	7,014.09	Direct Bill	
 $ 	1,313,116.84	 $ 	1,261,871.77	Gross	 $		51,245.07	Gross	

 TOTAL GROSS	  1,900 	$	182,558.51	Total Gross	  1,827 	$ 175,544.42	Total Platted On	$	7,014.09	Total Direct	
$ 1,346,839.44	 $ 	1,295,594.37	Roll Gross	 $		51,245.07	Bill Gross	

 TOTAL NET 	  1,900 	$	171,605.00	Total Net	$ 165,011.76	Total Platted On	$	6,593.24	Total Direct	
$ 1,266,029.07	$ 1,217,858.71	Roll Net	$	48,170.37	Bill Net	

Assessment is calculated by the 2014 Revised Unit 3 Special Methodology Report Revised Methodology Report Tables 2 & 3 Attached
 There are 18 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 52', 4 unit are SF 62', 1 unit is a SF 65', 1 unit is a SF 75', 4 unit is a SF 35', and 1 unit is a Townhome	

Page 22

 Assessment Recap - Unit 4 (Total Gross)		
A	B	C	D	G	F	G	

Total Fiscal Year	
2019/2020	

Total Fiscal Year	Total Fiscal Year 2020/2021		2020/2021
Product	Total	Projected	Projected	
Subdivision	Type	Units	Assessment Per Unit	Assessment	Assessment Per Unit	

Renaissance		35' Villas	Admin / Maint	$	161.81	$	34,166.48	$	152.53	
			Debt	224	$	678.03	$	151,879.15	$	678.03	
			Sub-Total	$	839.84	$	186,045.63	$	830.56	
		
		50' SF	Admin / Maint	273	$	161.81	$	41,640.40	$	152.53
Debt	272        $	998.94	$	272,709.57	$	998.94
Sub-Total	$	1,160.75	$	314,349.97	$	1,151.47	
		
		60' SF	Admin / Maint	$	161.81	$	29,438.08	$	152.53
Debt	193	$	1,212.87	$	234,084.36	$	1,212.87
Sub-Total	$	1,374.68	$	263,522.44	$	1,365.40	

 	Total	 	Renaissance		 690	Gross	$	105,244.96	Gross	
$	658,673.09	

Oasis		60' SF	Admin / Maint	$	161.81	$	14,032.66	$	152.53	
			Debt	92	$	829.89	$	76,350.21	$	829.89	
			Sub-Total	$	991.70	$	90,382.87	$	982.42	
		
		70' SF	Admin / Maint	$	161.81	$	6,711.27	$	152.53
Debt	44	$	980.00	$	43,120.00	$	980.00
Sub-Total	$	1,141.81	$	49,831.27	$	1,132.53	

 	Total	 	Oasis		 136	Gross	$	20,743.93	Gross	
$	119,470.21	

Preserve		33' Villas	Admin / Maint	$	161.81	$	13,727.60	$	152.53	
			Debt	90	$	424.61	$	38,214.57	$	424.61	
			Sub-Total	$	586.42	$	51,942.18	$	577.14	
		
		50' SF	Admin / Maint	$	161.81	$	16,778.18	$	152.53
Debt	110	$	679.79	$	74,776.60	$	679.79
Sub-Total	$	841.60	$	91,554.78	$	832.32	

 	Total	 	Preserve		 200	Gross	$	30,505.79	Gross	
$	112,991.17	

 TOTAL GROSS	 1,026       Total Gross	$	156,494.68	Total Gross	
$	891,134.47	

 TOTAL NET		 1,026       Total Net	$	147,105.00	Total Net	
$	837,666.40	

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

 There is 1 unit with pre-paid bonds.		
1 unit is a Renaissance 50'	
Page 22

	

 Assessment Recap - Unit 4 (Collection Method)		
A	B	C	D	E	F	G	

H	I	J

 	TOTAL GROSS		 	PLATTED ON ROLL GROSS		 DIRECT BILL GROSS 

Total Fiscal Year	Total Fiscal Year	Fiscal Year	Fiscal Year	
			2020/2021	2020/2021		2020/2021	2020/2021	
	Product	Total	Projected	Projected	Platted	Platted Total	Platted Per Unit	
Subdivision	Type	Units	Assessment	Assessment Per Unit	Units	Assessments	Assessments	

Renaissance		35' Villas	Admin / Maint	$	34,166.48	$	152.53
$	678.03	
			Debt	224	$	151,879.15		
			Sub-Total	$	186,045.63	$	830.56	
		
		50' SF	Admin / Maint	273	$	41,640.40
Debt	272        $	272,709.57
Sub-Total	$	314,349.97	$	152.53
$	998.94	
			$	1,151.47	
		
		60' SF	Admin / Maint	$	29,438.08
Debt	193	$	234,084.36
Sub-Total	$	263,522.44	$	152.53
$	1,212.87	
			$	1,365.40	

$ 23,184.40	$	152.53	
152	$ 103,060.85	$	678.03	
$ 126,245.25	$	830.56	
	
183	$ 27,912.79	$	152.53	
182	$ 181,806.38	$	998.94	
	$ 209,719.18	$	1,151.47	
	
	$ 14,185.19	$	152.53	
93	$ 112,797.13	$	1,212.87	
	$ 126,982.32	$	1,365.40	

$	10,982.08	
 $	48,818.30	
$	59,800.38

$	13,727.60
 $	90,903.19
$	104,630.80

$	15,252.89
 $	121,287.23
$	136,540.13	

 	Total		    Renaissance 	    690 	$	105,244.96	Gross	    428 	$ 65,282.38	Platted On Roll	$	39,962.58	Direct Bill	
$	658,673.09	$ 397,664.36	Gross	 $		261,008.72	Gross	

Oasis		60' SF	Admin / Maint	$	14,032.66	$	152.53
$	829.89	
			Debt	92	$	76,350.21		
			Sub-Total	$	90,382.87	$	982.42	
		
		50' SF	Admin / Maint	$	-
Debt	0	$	-
Sub-Total	$	-	$	152.53
$	691.58	
			$	844.11	
		
		70' SF	Admin / Maint	$	6,711.27
Debt	44	$	43,120.00
Sub-Total	$	49,831.27	$	152.53
$	980.00	
			$	1,132.53	

$ 11,592.20	$	152.53	
76	$ 63,071.91	$	829.89	
$ 74,664.11	$	982.42	
	
	$	2,440.46	$	152.53	
16	$ 11,065.28	$	691.58	
	$ 13,505.74	$	844.11	
	
	$	6,558.74	$	152.53	
43	$ 42,140.00	$	980.00	
	$ 48,698.74	$	1,132.53	

$	2,440.46	
 $	13,278.30	
$	15,718.76

$	(2,440.46)
 $	(11,065.28)
$	(13,505.74)

$	152.53
 $	980.00
$	1,132.53	

 	Total		 	Oasis		    136 	$	20,743.93	Gross	    119 	$ 20,591.41	Platted On Roll	$	152.53	Direct Bill	
$	119,470.21	$ 116,277.19	Gross	 $		3,193.02	Gross	

Preserve		33' Villas	Admin / Maint	$	13,727.60	$	152.53
$	424.61	
			Debt	90	$	38,214.57		
			Sub-Total	$	51,942.18	$	577.14	
		
		50' SF	Admin / Maint	$	16,778.18
Debt	110	$	74,776.60
Sub-Total	$	91,554.78	$	152.53
$	679.79	
			$	832.32	

$     17,235.77	$	152.53	
113	$    47,980.52	$	424.61	
$    65,216.29	$	577.14	
	
$     16,778.18	$	152.53
110	$    74,776.60	$	679.79
$    91,554.78	$	832.32	

$	(3,508.17)	
 $	(9,765.95)	
$	(13,274.11)

$	-
 $	- 
$	-	

 	Total		 	Preserve		    200 	$	30,505.79	Gross	    223 	$ 34,013.95	Platted On Roll	$	(3,508.17) Direct Bill	
$	112,991.17	$ 122,757.12	Gross	 $		(9,765.95) Gross	

 TOTAL GROSS	  1,026 	$	156,494.68		    770 	$ 119,887.74	Total Platted On	$	36,606.94	Total Direct	
$	891,134.47	$ 636,698.67	Roll Gross	 $		254,435.79	Bill Gross	

 TOTAL NET		  1,026 	$	147,105.00		    770 	$ 112,694.47	Total Platted On	$	34,410.53	Total Direct	
$	837,666.40	$ 598,496.75	Roll Net	$	239,169.65	Bill Net	

Assessment is calculated by the 2016 Unit 4 Special Methodology Report Methodology Report Table F Data Attached
 There is 1 unit with pre-paid bonds. 	
1 unit is a Renaissance 50'	

Page 24

Assessment Recap - Unit 7 (Total Gross)	

A	
B	
C	
D	
E	
F	

Total Fiscal Year	
2019/2020	

	

Total Fiscal Year	Total Fiscal Year 2020/2021		2020/2021
Product	Total		Projected	Projected	
Type	Units	Assessment Per Unit	Assessment	Assessment Per Unit	

Unit 7 Master

50' Single Family	Admin / Maint	$	-	$	225,178.58	$	118.70	
	Debt	1,897	$	-		$   1,574,510.00	$	830.00	
	Sub-Total	$	-	$   1,799,688.58	$	948.70	
	
74' Single Family	Admin / Maint	$	-	$	9,140.09	$	118.70
Debt	77	$	-		$	94,586.80	$	1,228.40
Sub-Total	$	-	$	103,726.89	$	1,347.10	
	
Coach	Admin / Maint	$	-	$	25,639.73	$	118.70
Debt	216	$	-		$	134,460.00	$	622.50
Sub-Total	$	-	$	160,099.73	$	741.20	
	
2-Story Units	Admin / Maint	$	-	$	35,135.93	$	118.70
Debt	296	$	-		$	135,124.00	$	456.50
Sub-Total	$	-	$	170,259.93	$	575.20	
	
4-Story Units	Admin / Maint	$	-	$	46,293.96	$	118.70
Debt	390	$	-		$	161,850.00	$	415.00
Sub-Total	$	-	$	208,143.96	$	533.70	
	
Total	2,876	$	341,388.30	Gross
$ 2,100,530.80	

Unit 7 Village B

50 ' Single Family	Admin / Maint	
	Debt	111	$	-		$	92,130.00	$	830.00	
	Sub-Total	$	-	$	92,130.00	$	830.00	
	
Total	111	Gross
$	92,130.00	

Page 25

0

0

0

0

$

-

$

118.70

0	$	-	$	415.00

$

-

$

533.70

$	-	
$	- 	
  $	-		

$	118.70	
$	830.00	
$	948.70 	

$	-	
$	- 	
  $	-		

$	118.70	
$	1,228.40	
$	1,347.10 	

$	-	
$	- 	
  $	-		

$	118.70	
$	622.50	
$	741.20 	

 Assessment Recap - Unit 7 (Collection Method)		
A	B	C	D	E	F	

G	H	I	J

 	TOTAL GROSS		 	PLATTED ON ROLL GROSS		 	DIRECT BILL GROSS	

Total Fiscal Year	
2019/2020	

Total Fiscal Year	Total Fiscal Year	Total Fiscal Year	Total Fiscal Year	
2020/2021	2020/2021	2020/2021	2020/2021	

Product	Total		Projected	Projected	Platted	Platted	Platted	
Type	Units	Assessment Per Unit	Assessment	Assessment Per Unit	Units	Assessment	Assessment Per Unit	

Unit 7 Master

50' Single Family	Admin / Maint	$	-	$	225,178.58	$	118.70	
	Debt	1,897	$	-	$   1,574,510.00	$	830.00	
	Sub-Total	$	-	$   1,799,688.58	$	948.70	
	
74' Single Family	Admin / Maint	$	-	$	9,140.09	$	118.70
Debt	77	$	-	$	94,586.80	$	1,228.40
Sub-Total	$	-	$	103,726.89	$	1,347.10	
	
Coach	Admin / Maint	$	-	$	25,639.73	$	118.70
Debt	216	$	-	$	134,460.00	$	622.50
Sub-Total	$	-	$	160,099.73	$	741.20	
	
2-Story Units	Admin / Maint	$	-	$	35,135.93	$	118.70
Debt	296	$	-	$	135,124.00	$	456.50
Sub-Total	$	-	$	170,259.93	$	575.20	
	
4-Story Units	Admin / Maint	$	-	$	46,293.96	$	118.70
Debt	390	$	-	$	161,850.00	$	415.00
Sub-Total	$	-	$	208,143.96	$	533.70	

$	-	
$	- 	
  $	-		

$	118.70	
$	456.50	
$	575.20 	

$	225,178.58	
$ 1,574,510.00	
$ 1,799,688.58	
	
$	9,140.09
$	94,586.80
$	103,726.89	
	
$	25,639.73
$	134,460.00
$	160,099.73	
	
$	35,135.93
$	135,124.00
$	170,259.93	
	
$	46,293.96
$	161,850.00
$	208,143.96	

 TOTAL GROSS		    2,876 	$	341,388.30	
Total Gross	 	0		$	-	Total Platted On Roll	$	341,388.30	Total Direct Bill	
  $ 	2,100,530.80 	 		  $		-		Gross	$ 2,100,530.80	Gross	

 TOTAL NET		    2,876 	$	320,905.00	
Total Net	 	0		$	-	Total Platted On Roll	$	320,905.00	
Total Direct Bill Net	
  $ 	1,974,498.95 	 		  $		-		Net	$ 1,974,498.95	

Unit 7 Village B

50 ' Single Family	Admin / Maint				$	-	
	Debt	111	$	- 	$	92,130.00	$	830.00	
	Sub-Total		$	-	$	92,130.00	$	830.00	

$	-	$	-	
0	$	- 	$	830.00	
	$	-	$	830.00	

$	-	
$	92,130.00	
$	92,130.00	

 TOTAL GROSS		      111 	$	-	
Total Gross	 	0		$	-	Total Platted On Roll	$	-	Total Direct Bill	
  $		92,130.00 	 		  $		-		Gross	$	92,130.00	Gross	

 TOTAL NET	

      111 

$

-

Total Net

 	0	

$

-

Total Platted On Roll Net

$
$

-	Total Direct Bill Net 86,602.20

  $	86,602.20      	

  $	-	

Page 26

 Assesments - Island Walk	

Island Walk Assessment Breakdown	
	District Proper		Unit 1	Unit 2	Unit 3	Unit 4	Unit 7	All Units	
	Fiscal Year		Fiscal Year	Fiscal Year	Fiscal Year	Fiscal Year	Fiscal Year	Total Fiscal Year	
Product	2020/2021		2020/2021	2020/2021	2020/2021	2020/2021	2020/2021	2020/2021	
Type	Assessment		Assessment	Assessment	Assessment	Assessment	Assessment	Assessment	
	Per Unit		Per Unit	Per Unit	Per Unit	Per Unit	Per Unit	Per Unit	
	
Single		Admin / Maint		$	18.04		$		79.24	$		8.34	$	-		$	-		$	- Family	 		Debt		 $		-		 $	159.04       $	379.89       $	-	 $	-	 $	-	
Sub-Total	$	18.04	$	238.28	$	388.23	$	-	$	-	$	-	$	105.62	
	$	538.93	
	$	644.55	
Multi	Admin / Maint	$	18.04	$	79.24
Family	 		Debt	 $		-	 $	159.04 Sub-Total		$	18.04		$		238.28		
	$	8.30	$	-	$	-	$	-
  $	378.22       $	-	 $	-	 $	-	
$	386.52	$	-	$	-	$	-	$	105.58	
		$	537.26	
		$	642.84	
Any Lot Outside     Admin / Maint	$	18.04	$	79.24
Unit 2 Boundary 		Debt	 $		-           $	159.04 Sub-Total		$	18.04	$		238.28		
	$	-	$	-	$	-	$	-
  $	-           $	-           $	-           $	- 
$	-	$	-	$	-	$	-	$	97.28	
		$	159.04	
		$	256.32	

Island Walk Assessment Changes	

Total Fiscal Year	
Total Fiscal Year	
Total Change +/(-)	
2019/2020	2020/2021	From Previous	
Assessment	Assessment	Year	
Per Unit	Per Unit	Per Unit	

$	626.78	

$	644.55	

$	17.77	

$	625.07	

$	642.84	

$	17.77	

$	240.81	

$	256.32	

$	15.51	

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

Page 27

 Assessments - Gran Paradiso	

Gran Paradiso Assessment Breakdown	
	District Proper	Unit 1	Unit 2	Unit 3	Unit 4	Unit 7	All Units	
	Total Fiscal Year	Total Fiscal Year	Total Fiscal Year	Total Fiscal Year	Total Fiscal Year	Total Fiscal Year	Total Fiscal Year	
Product	2020/2021	2020/2021	2020/2021	2020/2021	2020/2021	2020/2021	2020/2021	
Type	Assessment	Assessment	Assessment	Assessment	Assessment	Assessment	Assessment	
	Per Unit	Per Unit	Per Unit	Per Unit	Per Unit	Per Unit	Per Unit	
	
2 Bdr Sam 35    Admin / Maint	$	18.04	$	79.24	$	9.31	$	96.08	$	-	$	-
 		Debt	 $		-           $	159.04      $	424.10      $	1,093.10      $	-          $	- Sub-Total		$	18.04	$	238.28	$	433.41	$	1,189.18	$	-	$	-	$	202.68	
	$	1,676.24	
	$	1,878.92	
	
3 Bdr Sam 70    Admin / Maint	$	18.04	$	79.24	$	9.31	$	96.08	$	-	$	-
 		Debt	 $		-           $	159.04      $	424.10      $	1,432.12      $	-          $	- Sub-Total		$	18.04	$	238.28	$	433.41	$	1,528.20	$	-	$	-	$	202.68	
	$	2,015.26	
	$	2,217.94	
	
3 Bdr Sam 80    Admin / Maint	$	18.04	$	79.24	$	9.31	$	96.08	$	-	$	-
 		Debt	 $		-           $	159.04      $	424.10      $	1,559.05      $	-          $	- Sub-Total		$	18.04	$	238.28	$	433.41	$	1,655.13	$	-	$	-	$	202.68	
	$	2,142.19	
	$	2,344.87	
	
3 Bdr Lee 45    Admin / Maint	$	18.04	$	79.24	$	9.31	$	96.08	$	-	$	-
 		Debt	 $		-           $	159.04      $	424.10      $	1,227.41      $	-          $	- Sub-Total		$	18.04	$	238.28	$	433.41	$	1,323.49	$	-	$	-	$	202.68	
	$	1,810.55	
	$	2,013.23	
	
3 Bdr Lee 65    Admin / Maint	$	18.04	$	79.24	$	9.31	$	96.08	$	-	$	-
 		Debt	 $		-           $	159.04      $	424.10      $	1,380.47      $	-          $	- Sub-Total		$	18.04	$	238.28	$	433.41	$	1,476.55	$	-	$	-	$	202.68	
	$	1,963.61	
	$	2,166.29	
	
35'	Admin / Maint	$	18.04	$	79.24	$	7.07	$	96.08	$	-	$	-
 		Debt	 $		-           $	159.04      $	322.17      $	521.28      $	-          $	- Sub-Total		$	18.04	$	238.28	$	329.24	$	617.36	$	-	$	-	$	200.44	
	$	1,002.49	
	$	1,202.93	
	
Townhome	Admin / Maint	$	18.04	$	79.24	$	7.07	$	96.08	$	-	$	-
 		Debt	 $		-           $	159.04      $	322.17      $	521.28      $	-          $	- Sub-Total		$	18.04	$	238.28	$	329.24	$	617.36	$	-	$	-	$	200.44	
	$	1,002.49	
	$	1,202.93	
	
Coach	Admin / Maint	$	18.04	$	79.24	$	7.93	$	96.08	$	-	$	-
 		Debt	 $		-           $	159.04      $	361.34      $	627.66      $	-          $	- Sub-Total		$	18.04	$	238.28	$	369.27	$	723.74	$	-	$	-	$	201.30	
	$	1,148.04	
	$	1,349.34	
	
45'	Admin / Maint	$	18.04	$	79.24	$	9.31	$	96.08	$	-	$	-
 		Debt	 $		-           $	159.04      $	424.10      $	627.66      $	-          $	- Sub-Total		$	18.04	$	238.28	$	433.41	$	723.74	$	-	$	-	$	202.68	
	$	1,210.80	
	$	1,413.48	
	
52'	Admin / Maint	$	18.04	$	79.24	$	9.31	$	96.08	$	-	$	-
 		Debt	 $		-           $	159.04      $	424.10      $	734.04      $	-          $	- Sub-Total		$	18.04	$	238.28	$	433.41	$	830.12	$	-	$	-	$	202.68	
	$	1,317.18	
	$	1,519.86	
	
62'	Admin / Maint	$	18.04	$	79.24	$	9.31	$	96.08	$	-	$	-
 		Debt	 $		-           $	159.04      $	424.10      $	840.42      $	-          $	- Sub-Total		$	18.04	$	238.28	$	433.41	$	936.50	$	-	$	-	$	202.68	
	$	1,423.56	
	$	1,626.24	
	
65'	Admin / Maint	$	18.04	$	79.24	$	9.31	$	96.08	$	-	$	-
 		Debt	 $		-           $	159.04      $	424.10      $	840.42      $	-          $	- Sub-Total		$	18.04	$	238.28	$	433.41	$	936.50	$	-	$	-	$	202.68	
	$	1,423.56	
	$	1,626.24	
	
70'	Admin / Maint	$	18.04	$	79.24	$	9.31	$	96.08	$	-	$	-
 		Debt	 $		-           $	159.04      $	424.10      $	840.42      $	-          $	- Sub-Total		$	18.04	$	238.28	$	433.41	$	936.50	$	-	$	-	$	202.68	
	$	1,423.56	
	$	1,626.24	
	
75'	Admin / Maint	$	18.04	$	79.24	$	9.31	$	96.08	$	-	$	-
 		Debt	 $		-           $	159.04      $	424.10      $		946.81      $	-          $	- Sub-Total		$	18.04	$	238.28	$	433.41	$	1,042.89	$	-	$	-	$	202.68	
	$	1,529.95	
	$	1,732.63	
	
80'	Admin / Maint	$	18.04	$	79.24	$	9.31	$	96.08	$	-	$	-
 		Debt	 $		-           $	159.04      $	424.10      $		946.81      $	-          $	- Sub-Total		$	18.04	$	238.28	$	433.41	$	1,042.89	$	-	$	-	$	202.68	
	$	1,529.95	
	$	1,732.63	

Gran Paradiso Assessment Changes	

Total Fiscal Year	
Total Fiscal Year	
Total Change +/(-)	
2019/2020	2020/2021	From Previous	
Assessment	Assessment	Year	
Per Unit	Per Unit	Per Unit	

$	1,860.57	

$	1,878.92	

$	18.35	

$	2,199.59	

$	2,217.94	

$	18.35	

$	2,326.52	

$	2,344.87	

$	18.35	

$	1,994.88	

$	2,013.23	

$	18.35	

$	2,147.94	

$	2,166.29	

$	18.35	

$	1,185.20	

$	1,202.93	

$	17.73	

$	1,185.20	

$	1,202.93	

$	17.73	

$	1,331.36	

$	1,349.34	

$	17.98	

$	1,395.13	

$	1,413.48	

$	18.35	

$	1,501.51	

$	1,519.86	

$	18.35	

$	1,607.89	

$	1,626.24	

$	18.35	

$	1,607.89	

$	1,626.24	

$	18.35	

$	1,607.89	

$	1,626.24	

$	18.35	

$	1,714.28	

$	1,732.63	

$	18.35	

$	1,714.28	

$	1,732.63	

$	18.35	

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

Page 28

 Assessments - Renaissance, Oasis, and Preserve	

Renaissance, Oasis, & Preserve Assessment Breakdown	
	District Proper	Unit 1		Unit 2	Unit 3	Unit 4	Unit 7	All Units	
	Total Fiscal Year	Total Fiscal Year		Total Fiscal Year	Total Fiscal Year	Total Fiscal Year	Total Fiscal Year	Total Fiscal Year	
Product	2020/2021	2020/2021		2020/2021	2020/2021	2020/2021	2020/2021	2020/2021	
Type	Assessment	Assessment		Assessment	Assessment	Assessment	Assessment	Assessment	
	Per Unit	Per Unit		Per Unit	Per Unit	Per Unit	Per Unit	Per Unit	
	
Renaissance      Admin / Maint	$	18.04	$	79.24	$	-	$	-	$	152.53	$	-
35' Villa	 		Debt	 $		-           $	159.04      $	-          $	-          $	678.03      $	- Sub-Total		$	18.04	$	238.28	$	-	$	-	$	830.56	$	-	$	249.81	
	$	837.07	
	$	1,086.88	
			
Renaissance      Admin / Maint	$	18.04	$	79.24
50'	 		Debt	 $		-           $	159.04 Sub-Total		$	18.04	$		238.28		$	-	$	-	$	152.53	$	-
  $	-           $	-           $	998.94      $	- 
$	-	$	-	$	1,151.47	$	-	$	249.81	
			$	1,157.98	
			$	1,407.79	
			
Renaissance      Admin / Maint	$	18.04	$	79.24
60'	 		Debt	 $		-           $	159.04 Sub-Total		$	18.04	$		238.28		$	-	$	-	$	152.53	$	-
  $	-          $	-          $	1,212.87      $	- 
$	-	$	-	$	1,365.40	$	-	$	249.81	
			$	1,371.91	
			$	1,621.72	
			
Oasis	Admin / Maint	$	18.04	$	79.24
60'	 		Debt	 $		-           $	159.04 Sub-Total		$	18.04	$		238.28		$	-	$	-	$	152.53	$	-
  $	-           $	-           $	829.89      $	- 
$	-	$	-	$	982.42	$	-	$	249.81	
			$	988.93	
			$	1,238.74	
			
Oasis	Admin / Maint	$	18.04	$	79.24
70'	 		Debt	 $		-           $	159.04 Sub-Total		$	18.04	$		238.28		$	-	$	-	$	152.53	$	-
  $	-           $	-           $	980.00      $	- 
$	-	$	-	$	1,132.53	$	-	$	249.81	
			$	1,139.04	
			$	1,388.85	
			
Preserve	Admin / Maint	$	18.04	$	79.24
33' Villa	 		Debt	 $		-           $	159.04 Sub-Total		$	18.04	$		238.28		$	8.34	$	-	$	152.53	$	-
  $	-           $	-           $	424.61      $	- 
$	8.34	$	-	$	577.14	$	-	$	258.15	
			$	583.65	
			$	841.80	
			
Preserve	Admin / Maint	$	18.04	$	79.24
50'	 		Debt	 $		-           $	159.04 Sub-Total		$	18.04	$		238.28		$	8.30	$	-	$	152.53	$	-
  $	-           $	-           $	679.79      $	- 
$	8.30	$	-	$	832.32	$	-	$	258.11	
			$	838.83	
			$	1,096.94	

Renaissance, Oasis, & Preserve Assessment Changes	

Total Fiscal Year	
Total Fiscal Year	
Total Change +/(-)	
2019/2020	2020/2021	From Previous	
Assessment	Assessment	Year	
Per Unit	Per Unit	Per Unit	

$	1,081.64	

$	1,086.88	

$	5.24	

$	1,402.54	

$	1,407.79	

$	5.25	

$	1,616.48	

$	1,621.72	

$	5.24	

$	1,233.50	

$	1,238.74	

$	5.24	

$	1,383.60	

$	1,388.85	

$	5.25	

$	828.21	

$	841.80	

$	13.59	

$	1,083.39	

$	1,096.94	

$	13.55	

*Note: Oasis is introducing a 50' catagorey in Phase II of contruction. The methodology will be updated in the future to reflect this. For now, based on the fact that all other 50' lots in Unit 4 are 1 ERU, and based on the calculated amount of 1 ERU for the 60' and 70', Unit 4 Debt for an Oasis 50' will be $650.08 NET and $691.58 GROSS	

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

Page 29

 Assessments - Unit 7 Villages	

Unit 7 Villages Assessment Breakdown	
	District Proper	Unit 1		Unit 2	Unit 3	Unit 4	Unit 7	All Units	
	Total Fiscal Year	Total Fiscal Year		Total Fiscal Year	Total Fiscal Year	Total Fiscal Year	Total Fiscal Year	Total Fiscal Year	
Product	2020/2021	2020/2021		2020/2021	2020/2021	2020/2021	2020/2021	2020/2021	
Type	Assessment	Assessment		Assessment	Assessment	Assessment	Assessment	Assessment	
	Per Unit	Per Unit		Per Unit	Per Unit	Per Unit	Per Unit	Per Unit	
	
50'	Admin / Maint	$	18.04	$	79.24	$	-	$	-	$	-	$	118.70
 		Debt	 $		-	 $	159.04       $	-	 $	-	 $	-	 $	830.00 Sub-Total		$	18.04		$	238.28	$	-		$	-		$	-		$	948.70	$	215.98	
	$	989.04	
	$	1,205.02	
			
74'	Admin / Maint	$	18.04	$	79.24
 		Debt	 $		-	 $	159.04 Sub-Total		$	18.04		$		238.28		$	-	$	-	$	-	$	118.70
  $	-	 $	-	 $	-	 $	1,228.40 
$	-	$	-	$	-	$	1,347.10	$	215.98	
			$	1,387.44	
			$	1,603.42	
			
Coach	Admin / Maint	$	18.04	$	79.24
 		Debt	 $		-	 $	159.04 Sub-Total		$	18.04		$		238.28		$	-	$	-	$	-	$	118.70
  $	-	 $	-	 $	-	 $	622.50 
$	-	$	-	$	-	$	741.20	$	215.98	
			$	781.54	
			$	997.52	
			
2-Story	Admin / Maint	$	18.04	$	79.24
 		Debt	 $		-	 $	159.04 Sub-Total		$	18.04		$		238.28		$	-	$	-	$	-	$	118.70
  $	-	 $	-	 $	-	 $	456.50 
$	-	$	-	$	-	$	575.20	$	215.98	
			$	615.54	
			$	831.52	
			
4-Story	Admin / Maint	$	18.04	$	79.24
 		Debt	 $		-	 $	159.04 Sub-Total		$	18.04		$		238.28		$	-	$	-	$	-	$	118.70
  $	-	 $	-	 $	-	 $	415.00 
$	-	$	-	$	-	$	533.70	$	215.98	
			$	574.04	
			$	790.02	
			
Village B	Admin / Maint	$	18.04	$	79.24
50'	 		Debt	 $		-		 $	159.04 Sub-Total		$	18.04		$		238.28		$	-	$	-	$	-	$	118.70
  $	-	 $	-	 $	-	 $	1,660.00 
$	-	$	-	$	-	$	1,778.70	$	215.98	
			$	1,819.04	
			$	2,035.02	

Unit 7 Villages Assessment Changes	

Total Fiscal Year	
Total Fiscal Year	
Total Change +/(-)	
2019/2020	2020/2021	From Previous	
Assessment	Assessment	Year	
Per Unit	Per Unit	Per Unit	

$	-	

$	1,205.02	

$	1,205.02	

$	-	

$	1,603.42	

$	1,603.42	

$	-	

$	997.52	

$	997.52	

$	-	

$	831.52	

$	831.52	

$	-	

$	790.02	

$	790.02	

$	-	

$	2,035.02	

$	2,035.02	

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

Page 30

 Assessments - Town Center &  Other	

Town Center Assessment Breakdown	
	District Proper	Unit 1		Unit 2	Unit 3	Unit 4	Unit 7	All Units	
	Total Fiscal Year	Total Fiscal Year		Total Fiscal Year	Total Fiscal Year	Total Fiscal Year	Total Fiscal Year	Total Fiscal Year	
Product	2020/2021	2020/2021		2020/2021	2020/2021	2020/2021	2020/2021	2020/2021	
Type	Assessment	Assessment		Assessment	Assessment	Assessment	Assessment	Assessment	
	Per Unit	Per Unit		Per Unit	Per Unit	Per Unit	Per Unit	Per Unit	
	
Town Center	Admin / Maint	$	18.04	$	79.24	$	8.10	$	-	$	-	$	-	$	105.38
Multi	 	Debt	 $	-           $	159.04      $	368.91      $	-           $	-           $	-           $	527.95 
Family (3 BDR)	Sub-Total	$	18.04	$	238.28	$	377.01	$	-	$	-	$	-	$	633.33	
			
Town Center	Admin / Maint	$	18.04	$	79.24
Multi	 		Debt	 $		-           $	159.04 Family (2 BDR)		Sub-Total		$	18.04	$		238.28		$	7.24	$	-	$	-	$	-	$	104.52
  $	329.74      $	-           $	-           $	-           $	488.78 
$	336.98	$	-	$	-	$	-	$	593.30	
			
Town Center	Admin / Maint	$	18.04	$	79.24
 		Debt	 $		-           $	159.04 Sub-Total		$	18.04	$		238.28		$	282.47	$	-	$	-	$	-	$	379.75
  $	12,863.47      $	-           $	-           $	-           $	13,022.51 
$	13,145.94	$	-	$	-	$	-	$	13,402.26	

Town Center Assessment Changes	

Total Fiscal Year	
Total Fiscal Year	
Total Change +/(-)	
2019/2020	2020/2021	From Previous	
Assessment	Assessment	Year	
Per Unit	Per Unit	Per Unit	

$	615.63	

$	633.33	

$	17.70	

$	575.83	

$	593.30	

$	17.47	

$	13,310.14	

$	13,402.26	

$	92.12	

Undeveloped and/or Unassigned Land Assessment Breakdown	
	District Proper	Unit 1	Unit 2	Unit 3	Unit 4	Unit 7	All Units	
	Total Fiscal Year	Total Fiscal Year	Total Fiscal Year	Total Fiscal Year	Total Fiscal Year	Total Fiscal Year	Total Fiscal Year	
Product	2020/2021	2020/2021	2020/2021	2020/2021	2020/2021	2020/2021	2020/2021	
Type	Assessment	Assessment	Assessment	Assessment	Assessment	Assessment	Assessment	
	Per Unit	Per Unit	Per Unit	Per Unit	Per Unit	Per Unit	Per Unit	
	
Land Inside U1	Admin / Maint	$	18.04	$	79.24	$	-	$	-	$	-	$	-	$	97.28
Boundary	 	Debt	 $	-           $	159.04      $	-           $	-           $	-           $	-           $	159.04 
Per 1/2 Acre or Less	Sub-Total	$	18.04	$	238.28	$	-	$	-	$	-	$	-	$	256.32	

Land Outside U1		Admin / Maint		$	18.04	$	- Boundary	 		Debt		 $		-           $	- 
Per 1/2 Acre or Less	Sub-Total	$	18.04	$	-		
	$	-	$	-	$	-	$	-	$	18.04
  $	-           $	-           $	-           $	-           $	- 
$	-	$	-	$	-	$	-	$	18.04	

Undeveloped and/or Unassigned Land Assessment Change	

Total Fiscal Year	
Total Fiscal Year	
Total Change +/(-)	
2019/2020	2020/2021	From Previous	
Assessment	Assessment	Year	
Per Unit	Per Unit	Per Unit	

$	240.81	

$	256.32	

$	15.51	

$	13.43	

$	18.04	

$	4.61	

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

Page 31

 Debt Assessment Methodology - Unit 1	

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.

A-1

 Debt Assessment Methodology - Unit  2	

Combined Annual Assessments After Issuance of Bonds

Property	

Units	

Original Number of Units in Area 1	
Total
Number of			Maximum Units True-		Number of		Annual up or Paid	Units in Area Assessment
Off (a)	1 Par	per Unit*	

Total Maximum Annual Assessment*	

Par Per Unit	

Total Par Per Category	

2019 A-1 (Performing)	
		
Island Walk							
Single Family Residents	DU	1,799	3	1,796	$379.89	$682,282.44	$3,830.73	$6,879,991.08	
Multi Family 3BDR or larger	DU	70	0	70	$378.22	$26,475.40	$3,813.87	$266,970.90	
Multi Family 2BDR or smaller	DU	0	0	0	$0.00	$0.00	$0.00	$0.00	
Assessable Commercial/Office	AC	0	0	0	$0.00	$0.00	$0.00	$0.00	
Total Island Walk				$708,757.84		$7,146,961.98	
Grand Paradiso							
Single Family Residents	DU	1,439	8	1,431	$424.10	$606,887.10	$4,276.51	$6,119,685.81	
Multi Family 3BDR or larger	DU	280	0	280	$361.34	$101,175.20	$3,643.65	$1,020,222.00	
Multi Family 2BDR or smaller	DU	280	2	278	$322.17	$89,563.26	$3,248.67	$903,130.26	
Assessable Commercial/Office	AC	0	0	0	$0.00	$0.00	$0.00	$0.00	
Total Grand Paradiso				$797,625.56		$8,043,038.07	
			2019 A-2 (Non Performing)				

Town Center
Single Family  Residents Multi Family 3BDR or larger Multi Family 2BDR or smaller
Assessable Commercial/Office
Total Town Center	

DU DU DU AC	

0
76
140
92.49	

0	0	$235.00
0	76	$368.91
0	140	$329.74
0	92.49	$12,863.47	

$0.00
$28,037.16
$46,163.60
$1,189,742.35
$1,263,943.11	

$0.00
$3,744.72
$3,347.12
$130,574.17	

$0.00
$284,598.86
$468,596.24
$12,076,804.91
$12,830,000.00	

GRAND TOTAL				
$2,770,326.51		
$28,020,000.05	

A-2

 Debt 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.

Table 3	
Revised Methodology Maximum Annual Assessment	$1,243,000
Pre Lennar Annual Assessment*	$34,343	
Total Maximum Annual Assessment	$1,277,343	

A-3

 Debt Assessment Methodology - Unit 4	

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	
Note: Oasis is introducing a 50' catagorey in Phase II of contruction. The methodology will be updated in the future to reflect this. For now, based on the fact that all other 50' lots in Unit 4 are 1 ERU, and based on the calculated amount of 1 ERU for the 60' and 70', Unit 4 Debt for an Oasis 50' will be $650.08 NET and $691.58 GROSS

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.

A-4

 Debt Assessment Methodology - Unit  7	

Unit 7 Master Bond	

Product Type	
Number of Units	
ERU Factor	
Total ERU	
Gross Assessment Per ERU *	
Gross Assessment Per Unit	
Gross Assessment Per Product Type *	
50' SF	1,897	1.00	1,897	$	830	$	830	$	1,574,510	
74' SF	77	1.48	114	$	830	$	1,228	$	94,587	
Coach	216	0.75	162	$	830	$	623	$	134,460	
2-Story	296	0.55	163	$	830	$	457	$	135,124	
4-Story	390	0.50	195	$	830	$	415	$	161,850	
							
Totals	2,876	.	2,531			$	2,100,531	

Unit 7 Village B	

Product Type	
Number of Units	
ERU Factor	
Total ERU	
Gross Assessment Per ERU *	
Gross Assessment Per Unit	
Gross Assessment Per Product Type *	
50' SF	111	1.00	111	$	830	$	830	$	92,130	
							
Totals	111	.	111			$	92,130	

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

A-5