West Villages	
Improvement District	

Proposed Budget For	
Fiscal Year 2022/2023	
October 1, 2022 - September 30, 2023	

Prepared by	

Table of Contents	
1	Proposed Budget - Recap By Unit	
2	Proposed Infrastructure Maintenance Breakdown	
3	Proposed Budget - District Proper	
4	Proposed Budget - Unit 1	
5	Proposed Budget - Unit 2	
6	Proposed Budget - Unit 3	
7	Proposed Budget - Unit 4	
8	Proposed Budget - Unit 5	
9	Proposed Budget - Unit 7	
10	Proposed Budget - Unit 8	
11	Proposed Budget - Unit 9	
12	Budget Comparison	
13	Proposed Debt Service Fund Budget - Unit 1	
14	Proposed Debt Service Fund Budget - Unit 2	
15	Proposed Debt Service Fund Budget - Unit 3	
16	Proposed Debt Service Fund Budget - Unit 4	
17	Proposed Debt Service Fund Budget - Unit 5	
18	Proposed Debt Service Fund Budget - Unit 7	
19	Proposed Debt Service Fund Budget - Unit 8	
20	Assessment Recap - District Proper	
21	Assessment Recap - Unit 1	
22	Assessment Recap - Unit 2 Total Gross	
23	Assessment Recap - Unit 2 Collection Method	
24	Assessment Recap - Unit 3 Total Gross	
25	Assessment Recap - Unit 3 Collection Method	
26	Assessment Recap - Unit 4 Total Gross	
27	Assessment Recap - Unit 4 Collection Method	
28	Assessment Recap - Unit 7 Total Gross	
29	Assessment Recap - Unit 7 Collection Method	
30	Assessment Recap - Unit 8 Total Gross	
31	Assessment Recap - Unit 8 Collection Method	
32	Assessments - Islandwalk	
33	Assessments - Gran Paradiso	
34	Assessments - Renaissance, Oasis, Preserve	
35	Assessments - Unit 7 Villages	
36	Assessments - Unit 8 Villages	
37	Assessments - Thomas 167 & 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	
A-6	Debt Assessment Methodology - Unit 8	

TOC-1

 Recap By Unit																	
	District Proper	Unit 1	Unit 2	Unit 3	Unit 4	Unit 5	Unit 7	Unit 8	Unit 9	Total	
											
 REVENUES												
O & M Assessments	334,602	2,556,755	55,683	280,341	80,074	0	0	0	0	3,307,455	
O & M Direct Bill	24,330	43,405	1,513	4,084	22,486	87,255	377,155	149,405	53,655	763,288	
Debt Assessments	0	2,357,243	2,687,138	1,313,031	640,330	0	0	0	0	6,997,742	
Debt Direct Bill	0	158,185	70,400	22,210	235,756	3,625,720	2,506,985	725,308	0	7,344,565	
Interest / Other Income	1,000	0	0	0	0	0	0	0	0	1,000	
Developer Funding	0	0	0	0	0	0	0	0	0	0	
 Carry Over From Prior Year 	18,205	0	0	0	0	0	0	0	0		18,205	
 Total Revenues		 $	378,137 	 $	5,115,589 	 $	2,814,734 	 $	1,619,666 	 $	978,646 	 $	3,712,975 	 $	2,884,140 	 $	874,713 	 $	53,655 	 $  18,432,255 	

 EXPENDITURES		
Infrastructure Maintenance		0		2,338,250		0		101,000		40,650		10,000		283,500		60,250		0	2,833,650	
GIS Project		40,000		0		0		0		0		0		0		0		0	40,000	
Engineering		45,000		25,000		2,000		25,000		2,500		2,500		20,000		20,000		5,000	147,000	
Management		60,586		12,005		12,005		12,005		12,005		12,005		12,005		12,005		12,005	156,626	
Operations Administration		31,300		33,300		15,650		17,650		17,650		17,650		17,650		15,650		15,650	182,150	
Legal		75,000		25,000		10,000		100,000		13,000		10,000		20,000		15,000		5,000	273,000	
Assessment Roll		7,500		1,500		1,500		1,500		1,500		0		1,500		1,500		1,500	18,000	
Audit Fees		6,000		3,000		3,000		3,000		3,000		3,000		3,000		3,000		3,000	30,000	
Arbitrage Rebate Fee		0		1,500		1,500		1,500		1,500		0		1,500		1,500		1,000	10,000	
Rents & Leases		15,000		0		0		0		0		0		0		0		0	15,000	
Insurance		47,000		0		0		0		0		0		0		0		0	47,000	
Legal Advertising		15,000		0		0		0		0		0		0		0		0	15,000	
Miscellaneous		3,175		1,700		1,700		1,700		1,700		25,000		5,000		10,000		5,000	54,975	
Postage		3,000		0		0		0		0		0		0		0		0	3,000	
Office Supplies		8,000		0		0		0		0		0		0		0		0	8,000	
Trustee Fees		0		5,000		5,000		3,750		3,750		5,600		12,000		10,000		5,000	50,100	
Website		1,500		0		0		0		0		0		0		0		0	1,500	
 Continuing Disc Fee			0		500		1,500		500		500		1,500		1,000		500		500		6,500	
 Total Expenditures		 $		358,061 	 $		2,446,755 	 $		53,855 	 $		267,605 	 $		97,755 	 $		87,255 	 $		377,155 	 $		149,405 	 $		53,655 	 $	3,891,501 	

 Excess / (Shortfall)	  $	20,076   $	2,668,834   $	2,760,879   $	1,352,061   $	880,891   $	3,625,720   $	2,506,985   $	725,308   $	-	  $ 14,540,755 

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)	
Payment to Trustee (Unit 8)	

0	
0	
0	
0	
0	
0	
0	

0	
(2,596,310)	
0	
0	
0	
0	
0	

(2,373,994)
0
0
0
0
0
0

(2,373,994)

0	
0	
0	
0	
0	
(2,506,985)	
0	

0	
0	
0	
0	
0	
0	
(725,308)	

0	
0	
0	
0	
0	
0	
0	

(2,596,310)
(1,256,459)
(837,666)
(3,625,720)
(2,506,985)
(725,308)

 BALANCE	  $	20,076   $	294,840   $	164,569   $	95,602   $	43,224   $	-	  $	-	  $	-	  $	-	  $	618,312 

0	
0	
(1,256,459)	
0	
0	
0	
0	

0	
0	
0	
(837,666)	
0	
0	
0	

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

County Appr & Tax Coll Fee	
Discounts For Early Payments	

(6,692)	
(13,384)	

(98,280)	
(196,560)	

(54,856)	
(109,713)	

(31,867)	
(63,735)	

(14,408)	
(28,816)	

-	
-	

-	
-	

-	
-	

(206,104)	
(412,208)	

-
-

 Net Excess / (Shortfall)	  $	-	  $	-	  $	-	  $	-	  $	-	  $	-	  $	-	  $	-	  $	-	  $	-		
	
Page 1	

 Infrastructure Maintenance Breakdown		
Dist Proper	Unit 1	Unit 2	Unit 3	Unit 4	Unit 5	Unit 7	Unit 8	Total	

 MAINTENANCE EXPENDITURE	

Lake / Littoral Maintenance	
Mitigation Maintenance	
Road Maintenance / Resurface	
Road Reconstruction / Widening	
Landscaping	
Security Services	
Street Lighting	
Canal Maintenance / Repayment	
Misc Maintenance/Repairs	

0	
0	
0	
0	
0	
0	
0	
0	
0	

110,000
2,250
174,000
552,000
912,000
26,000
464,000
48,000
50,000

0

0	
0	
0	
0	
0	
0	
0	
0	
0	

38,400	
2,250	
0	
0	
0	
0	
0	
0	
0	

10,000	
0	
0	
0	
0	
0	
0	
0	
0	

2,250	
2,250	
0	
0	
279,000	
0	
0	
0	
0	

3,000	
2,250	
0	
0	
31,000	
0	
24,000	
0	
0	

163,650	
9,000	
275,000	
552,000	
1,222,000	
26,000	
488,000	
48,000	
50,000	

0
101,000
0
0
0
0
0
0

 Total Maintenance Expenditure	$	-		$ 2,338,250	$	-	$	101,000	$	40,650	$	10,000	$	283,500	$	60,250	 $ 2,833,650 

NOTES:

Unit 1 Lake maintenance increase from treatments to PILI, II, Grand Lake, and additional ponds	
Unit 4 lake maintenance increase from Rennaisance lake modifications to lake 8 additonal 4.25 acres,	
Road resurfacing from District Engineer road report	
Unit 1 Resurfacing from spreadsheet reviewd by board on 2/10/22	
Unit 3 Road resurfacing from spreadsheet reviewed by board on 2/10/2022	
Unit 1 Landscape and Street Lighting inlcudes current contract price and additon of West Villages Parkway and Preto extension,(previosly Unit 7 expenses) also	
includes 6 months of Manasota Beach Rd,Preto Boulevard, and West Villages Parkway Extension II	
Unit 7 landscape and Street Lighting includes annual expense of Mezzo Drive, Merlot Avenue, and six months of Mansota Beach Road, Preto Boulevard, and West Villages Parkway Extension	
Unit 1 increase to Security due to holiday pay	
Unit 1 Canal maintenance also inlcudes 2nd payment to devleoper $35,500 and annual chemical maintenance	
Misc repairs increase Paver repairs, sidewalk repairs, dog park repairs, playground repairs	

Page 2

 District Proper	

Fiscal Year	Fiscal Year	
2021/2022	2022/2023	
Annual Budget	Annual Budget	

 REVENUES		
O & M Assessments	321,836	334,602	
O & M Direct Bill	24,330	24,330	
Debt Assessments	0	0	
Debt Direct Bill	0	0	
Developer Contribution	0	0	
Interest Income	1,000	1,000	
Other	0	0	
Carry Over Revenues	18,205	18,205	

Total Revenues	$	365,371	$	378,137	

EXPENDITURES	
GIS Project	40,000	40,000	
Engineering	40,000	45,000	
Management	60,586	60,586	
Operations Administration	31,300	31,300	
Legal	70,000	75,000	
Assessment Roll	7,500	7,500	
Annual Audit	6,000	6,000	
Arbitrage Rebate Fee	0	0	
Rents & Leases	15,000	15,000	
Insurance	45,000	47,000	
Legal Advertising	15,000	15,000	
Miscellaneous	3,175	3,175	
Postage	3,000	3,000	
Office Supplies	8,000	8,000	
Trustee Fees	0	0	
Continuing Disclosure Fee	0	0	
Website	1,500	1,500	
Contingency / Prev Shortfall	0	0	

Total Expenditures	$	346,061	$	358,061	

EXCESS / (SHORTFALL)	$	19,310	$	20,076	
Payment to Trustee	-	-

BALANCE	$	19,310	$	20,076	

County Appraiser & Tax Collector Fee	
Discounts for Early Payments	

(6,437)	
(12,873)	

(6,692)	
(13,384)	

NET EXCESS / (SHORTFALL)	$	-	$	-	

* Fund Balance as of 2-28-22	=	$5,564,543	

 Unit 1	

Fiscal Year	Fiscal Year	
2021/2022	2022/2023	
Annual Budget	Annual Budget	

 REVENUES		
O & M Assessments	1,153,527	2,556,755	
O & M Direct Bill	43,405	43,405	
Debt Assessments	2,356,406	2,357,243	
Debt Direct Bill	158,185	158,185	
Developer Contribution	0	0	
Other Revenues	0	0	
Carry Over Revenues	124,035	0	

Total Revenues	$	3,835,557	$	5,115,589	

 EXPENDITURES		
Infrastructure Maintenance	1,158,250	2,338,250	
Engineering	20,000	25,000	
Management	12,005	12,005	
Operations Administration	33,300	33,300	
Legal	15,000	25,000	
Assessment Roll	1,500	1,500	
Audit Fees	3,000	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	500	
Website	0	0	
Continuing / Prev Shortfall	0	0	

Total Expenditures	$	1,251,755	$	2,446,755	

EXCESS / (SHORTFALL)	$	2,583,802	$	2,668,834	
Payment to Trustee	(2,373,206)	(2,373,994)

BALANCE	$	210,596	$	294,840	

County Appraiser & Tax Collector Fee	
Discounts for Early Payments	

(70,199)	
(140,397)	

(98,280)	
(196,560)	

NET EXCESS / (SHORTFALL)	$	-	$	-	
As of 2/28/22	
Fund Balance Net of Road Resurfacing Acct:	$802,904	
Road Resurfacing Account Balance:	$458,063	
Total Fund Balance, including Road Acct

For Infratructure Maintenance Detail see page 2	$1,260,967	

 Unit 2	

Fiscal Year	Fiscal Year	
2021/2022	2022/2023	
Annual Budget	Annual Budget	

 REVENUES		
O & M Assessments	3,986	55,683	
O & M Direct Bill	108	1,513	
Debt Assessments	2,687,138	2,687,138	
Debt Direct Bill	71,708	70,400	
Developer Contribution	0	0	
Other Revenues	0	0	
Carry Over Funds from Prior Year	50,000	0	

 Total Revenues		$	2,812,940	$	2,814,734	

EXPENDITURES	
Infrastructure Maintenance	0	0	
Engineering	2,000	2,000	
Management	12,005	12,005	
Operations Administration	15,650	15,650	
Legal	10,000	10,000	
Assessment Roll	1,500	1,500	
Audit Fees	3,000	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	1,500	1,500	
Website	0	0	
Contingency / Prev Shortfall	0	0	

 Total Expenditures		$	53,855	$	53,855	

 EXCESS / (SHORTFALL)		$	2,759,085	$	2,760,879	
Payment to Trustee	(2,597,617)	(2,596,310)

 BALANCE		$	161,467	$	164,569	

County Appraiser & Tax Collector Fee	
Discounts for Early Payments	

(53,822)	
(107,645)	

(54,856)	
(109,713)	

 NET EXCESS / (SHORTFALL)		$	-	$	-	

* Fund Balance as of 2-28-22	=	$155,229	

 Unit 3	

Fiscal Year	Fiscal Year	
2021/2022	2022/2023	
Annual Budget	Annual Budget	

 REVENUES		
O & M Assessments	179,772	280,341	
O & M Direct Bill	2,619	4,084	
Debt Assessments	1,316,180	1,313,031	
Debt Direct Bill	22,210	22,210	
Developer Contribution	0	0	
Other Revenues	0	0	
Carry Over Funds from Prior Year	0	0	

Total Revenues	$	1,520,781	$	1,619,666	

EXPENDITURES	
Infrastructure Maintenance	102,000	101,000	
Engineering	13,000	25,000	
Management	12,005	12,005	
Operations Administration	17,650	17,650	
Legal	15,000	100,000	
Assessment Roll	1,500	1,500	
Audit Fees	3,000	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	$	171,605	$	267,605	

EXCESS / (SHORTFALL)	$	1,349,176	$	1,352,061	
Payment to Trustee	(1,259,419)	(1,256,459)

BALANCE	$	89,757	$	95,602	

County Appraiser & Tax Collector Fee	
Discounts for Early Payments	

(29,919)	
(59,838)	

(31,867)	
(63,735)	

NET EXCESS / (SHORTFALL)	$	-	$	-	
As of 2/28/22		
Fund Balance Net of Road Resurfacing Acct:	$669,546	
Road Resurfacing Account Balance:	$387,482	
Total Fund Balance, including Road Acct:	$1,057,028	

Engineering increase cost to address POA representative questions	
Legal increase cost to address POA representative questions	

 Unit 4	

Fiscal Year	Fiscal Year	
2021/2022	2022/2023	
Annual Budget	Annual Budget	

 REVENUES		
O & M Assessments	80,074	80,074	
O & M Direct Bill	22,486	22,486	
Debt Assessments	640,330	640,330	
Debt Direct Bill	235,756	235,756	
Developer Contribution	0	0	
Other Revenues	0	0	
Carry Over Funds from Prior Year	0	0	

 Total Revenues		$	978,646	$	978,646	

EXPENDITURES	
Infrastructure Maintenance	40,650	40,650	
Engineering	2,500	2,500	
Management	12,005	12,005	
Operations Administration	17,650	17,650	
Legal	13,000	13,000	
Assessment Roll	1,500	1,500	
Audit Fees	3,000	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		$	97,755	$	97,755	

 EXCESS / (SHORTFALL)		$	880,891	$	880,891	
Payment to Trustee	(837,666)	(837,666)

 BALANCE		$	43,224	$	43,224	

County Appraiser & Tax Collector Fee	
Discounts for Early Payments	

(14,408)	
(28,816)	

(14,408)	
(28,816)	

 NET EXCESS / (SHORTFALL)		$	-	$	-	

* Fund Balance as of 2-28-22	=	$289,677	

 Unit 5	

Fiscal Year	Fiscal Year	
2021/2022	2022/2023	
Annual Budget	Annual Budget	

 REVENUES		
O & M Assessments	0	0	
O & M Direct Bill	62,755	87,255	
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		$	3,688,475	$	3,712,975	

EXPENDITURES	
Infrastructure Maintenance	8,000	10,000	
Engineering	2,500	2,500	
Management	12,005	12,005	
Operations Administration	17,650	17,650	
Legal	10,000	10,000	
Assessment Roll	0	0	
Audit Fees	3,000	3,000	
Arbitrage Rebate Fee	0	0	
Rents & Leases	0	0	
Insurance	0	0	
Legal Advertising	0	0	
Miscellaneous	2,500	25,000	
Postage	0	0	
Office Supplies	0	0	
Trustee Fees	5,600	5,600	
Continuing Disclosure Fee	1,500	1,500	
Website	0	0	
Contingency / Prev Shortfall	0	0	

 Total Expenditures		$	62,755	$	87,255	

 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 2-28-22	=	($342,267)	
Misc expense increase due to Fitch

 Unit 7	

Fiscal Year	Fiscal Year	
2021/2022	2022/2023	
Annual Budget	Annual Budget	

 REVENUES		
O & M Assessments	0	0	
O & M Direct Bill	532,105	377,155	
Debt Assessments	0	0	
Debt Direct Bill	2,506,985	2,506,985	
Developer Contribution	0	0	
Other Revenues	0	0	
Carry Over Funds from Prior Year	0	0	

 Total Revenues		$	3,039,090	$	2,884,140	

EXPENDITURES	
Infrastructure Maintenance	455,950	283,500	
Engineering	10,000	20,000	
Management	12,005	12,005	
Operations Administration	17,650	17,650	
Legal	15,000	20,000	
Assessment Roll	1,500	1,500	
Audit Fees	3,000	3,000	
Arbitrage Rebate Fee	1,500	1,500	
Rents & Leases	0	0	
Insurance	0	0	
Legal Advertising	0	0	
Miscellaneous	10,000	5,000	
Postage	0	0	
Office Supplies	0	0	
Trustee Fees	5,000	12,000	
Continuing Disclosure Fee	500	1,000	
Website	0	0	
Contingency / Prev Shortfall	0	0	

 Total Expenditures		$	532,105	$	377,155	

 EXCESS / (SHORTFALL)		$	2,506,985	$	2,506,985	
Payment to Trustee	(2,506,985)	(2,506,985)

 BALANCE		$	-	$	-	

County Appraiser & Tax Collector Fee	
Discounts for Early Payments	

-	
-	

-	
-	

 NET EXCESS / (SHORTFALL)		$	-	$	-	

* Fund Balance as of 2-28-22	=	$601,451	

 Unit 8	

Fiscal Year	Fiscal Year	
2021/2022	2022/2023	
Annual Budget	Annual Budget	

 REVENUES		
O & M Assessments	0	0	
O & M Direct Bill	126,405	149,405	
Debt Assessments	0	0	
Debt Direct Bill	725,308	725,308	
Developer Contribution	0	0	
Other Revenues	0	0	
Carry Over Funds from Prior Year	0	0	

 Total Revenues		$	851,713	$	874,713	

EXPENDITURES	
Infrastructure Maintenance	60,250	60,250	
Engineering	2,000	20,000	
Management	12,005	12,005	
Operations Administration	15,650	15,650	
Legal	15,000	15,000	
Assessment Roll	1,500	1,500	
Audit Fees	3,000	3,000	
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	
Trustee Fees	5,000	10,000	
Continuing Disclosure Fee	500	500	
Website	0	0	
Contingency / Prev Shortfall	0	0	

 Total Expenditures		$	126,405	$	149,405	

 EXCESS / (SHORTFALL)		$	725,308	$	725,308	
Payment to Trustee	(725,308)	(725,308)

 BALANCE		$	-	$	-	

County Appraiser & Tax Collector Fee	
Discounts for Early Payments	

-	
-	

-	
-	

 NET EXCESS / (SHORTFALL)		$	-	$	-	

* Fund Balance as of 2-28-22	=	($12,099)	

 Unit 9	

Fiscal Year	Fiscal Year	
2021/2022	2022/2023	
Annual Budget	Annual Budget	

 REVENUES		
O & M Assessments	0	0	
O & M Direct Bill	0	53,655	
Debt Assessments	0	0	
Debt Direct Bill	0	0	
Developer Contribution	0	0	
Other Revenues	0	0	
Carry Over Funds from Prior Year	0	0	

 Total Revenues		$	-	$	53,655	

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

 Total Expenditures		$	-	$	53,655	

 EXCESS / (SHORTFALL)		$	-	$	-	
Payment to Trustee	-	-

 BALANCE		$	-	$	-	

County Appraiser & Tax Collector Fee	
Discounts for Early Payments	

-	
-	

-	
-	

 NET EXCESS / (SHORTFALL)		$	-	$	-	

* Fund Balance as of 2-28-22	=	$0	

Budget Comparison			
Fiscal Year	Fiscal Year	Fiscal Year	
2020/2021	2021/2022	2022/2023	
Actual	Annual Budget	Annual Budget	

County Appraiser & Tax Collector Fee	
Discounts for Early Payments	

(75,234)	
(303,519)	

(174,785)	
(349,570)	

(206,104)	
(412,208)	

REVENUES	
O & M Assessments	1,984,430	1,739,194	3,307,455	
O & M Direct Bill	342,976	814,213	763,288	
Debt Assessments	5,831,326	7,000,053	6,997,742	
Debt Direct Bill	915,292	7,345,872	7,344,565	
Interest / Other Income	5,068,078	1,000	1,000	
Bond Prepayments	107,399	0	0	
Bond Prepayments Sent to Trustee	(107,399)	0	0	
Developer Funding	4,524,782	0	0	
Carry Over Funds from Prior Year	0	192,240	18,205	

Total Revenues

$

18,666,884	$

17,092,573	$

18,432,255

EXPENDITURES	
Infrastructure Maintenance	2,876,965	1,825,100	2,833,650	
GIS Project	72,985	40,000	40,000	
Engineering	150,689	92,000	147,000	
Management	141,619	144,621	156,626	
Operations Administration	140,850	166,500	182,150	
Legal	142,342	163,000	273,000	
Assessment Roll	15,000	16,500	18,000	
Audit Fees	24,417	27,000	30,000	
Arbitrage Rebate Fee	4,550	9,000	10,000	
Rents & Leases	14,400	15,000	15,000	
Insurance	40,754	45,000	47,000	
Legal Advertising	13,592	15,000	15,000	
Miscellaneous	35,746	32,475	54,975	
Postage	1,062	3,000	3,000	
Office Supplies	1,054	8,000	8,000	
Trustee Fees	33,308	33,100	50,100	
Continuing Disclosure Fee	6,000	5,500	6,500	
Website	1,500	1,500	1,500	
Contingency / Construction Cost	3,036,441	0	0	

Total Expenditures	6,753,274	2,642,296	3,891,501	
			
EXCESS / (SHORTFALL)	$	11,913,610	$	14,450,277	$	14,540,755	

Debt Payment to Trustee (All Units)	

(6,436,093)	

(13,925,922)	(13,922,443)	
BALANCE	$	5,477,517	$	524,355	$	618,312	

NET EXCESS / (SHORTFALL)	$	5,098,764	$	-	$	-	

Unit 1 - Debt Service	
Fiscal Year	
2022/2023	
Annual Budget	

REVENUES	
Interest Income	0	
Debt Collections	2,373,994	
Total Revenues	$	2,373,994	

EXPENDITURES	
Principal Payments	1,200,000	
Interest Payments	1,173,994	
Miscellaneous / Extra Redemption	0	
Total Expenditures	$	2,373,994	

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 13

Unit 2 - Debt Service		
Series 2019A-1 (Performing)	
Fiscal Year	
2022/2023	
Annual Budget	

 

REVENUES	
Interest Income	0	
Net Debt Collections	1,408,204	
Total Revenues	$	1,408,204	

EXPENDITURES	
Principal Payments	645,000	
Interest Payments	753,106	
Miscellaneous / Extra Redemption	10,097	
Total Expenditures	$	1,408,204	

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	
2022/2023	
Annual Budget	

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

EXPENDITURES	
Principal Payments	545,000	
Interest Payments	639,831	
Miscellaneous / Extra Redemption	3,275	
Total Expenditures	$	1,188,107	

Excess / (Shortfall)	$	-	

Series 2019A-2 Bifurcated Bond Information (Non 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 14

Unit 3 - Debt Service	
Fiscal Year	
2022/2023	
Annual Budget	

 REVENUES		
Interest Income	0	
Net Debt Collections	1,256,459	
Total Revenues	$	1,256,459	

 EXPENDITURES		
Principal Payments	650,000	
Interest Payments	604,810	
Miscellaneous / Extra Redemption	1,649	
Total Expenditures	$	1,256,459	

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			

Unit 4 - Debt Service	
Fiscal Year	
2022/2023	
Annual Budget	

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

 EXPENDITURES		
Principal Payments	275,000	
Interest Payments	561,675	
Miscellaneous / Extra Redemption	991	
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			

Unit 5 - Debt Service	
Fiscal Year	
2022/2023	
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	570,000	
2017A Interest Payments	424,011	
2017B Principal Payments	1,421,569	
2017B Interest Payments	1,167,027	
Other / Extra Redemption	43,114	
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			

Unit 7 - Debt Service	
Fiscal Year	
2022/2023	
Annual Budget	

 REVENUES		
Interest	0	
Net Master Debt Collections	1,974,499	
Net Village B Debt Collections	86,602	
Net Village F1 & F5 Debt Collections	445,884	
Total Revenues	$	2,506,985	

 EXPENDITURES		
2019 Master Principal Payments	540,000	
2019 Master Interest Payments	1,433,138	
2019 Village B Principal Payments	25,000	
2019 Village B Interest Payments	61,025	
2021 Village F1 & F5 Principal Payments	165,000	
2021 Village F1 & F5 Interest Payments	279,225	
Other / Extra Redemption	3,598	
Total Expenditures	$	2,506,985	

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 18

Unit 8 - Debt Service	
Fiscal Year	
2022/2023	
Annual Budget	

 REVENUES		
Interest	0	
Net Master Debt Collections	725,308	
Total Revenues	$	725,308	

 EXPENDITURES		
2021 Master Principal Payments	270,000	
2021 Master Interest Payments	455,269	

Other / Extra Redemption	39	
Total Expenditures	$	725,308	

Excess / (Shortfall)	$	-	

Series 2021 Master Bond Information	
Original Par Amount =	$13,000,000	Annual Principal Payments Due =	May 1st	
Average Interest Rate =	3.79%	Annual Interest Payments Due =	May 1st & November 1st	
Issue Date =	April 2021			
Maturity Date =	May 2051			

Page 19

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

Total Fiscal Year	Total Fiscal Year	Total Fiscal Year	Total Fiscal Year	
Lot		2021/2022	2021/2022	2022/2023	2022/2023	
Type	Units	Assessment	Assessment Per Unit	Projected Assessment	Projected Assessment Per Unit	

Developed	Administrative	$	8,284.29	$	15.84	$	8,612.89	$	16.47	
Lots In Unit 1 Only	Debt	523	$	- 	$	- 	$	- 	$	-	
	Sub-Total	
$	8,284.29	$	15.84	$	8,612.89	$	16.47	
	
Developed	Administrative	$	29,589.00	$	15.84	$	30,762.68	$	16.47
Lots In Unit 2	Debt	1,868	$	- 	$	- 	$	- 	$	-
Sub-Total	$	29,589.00	$	15.84	$	30,762.68	$	16.47	
	
Developed	Administrative	$	28,939.56	$	15.84	$	30,087.48	$	16.47
Lots In Unit 3	Debt	1,827	$	- 	$	- 	$	- 	$	-
Sub-Total	$	28,939.56	$	15.84	$	30,087.48	$	16.47	
	
Developed	Administrative	$	12,450.19	$	15.84	$	12,944.04	$	16.47
Lots In Unit 4	Debt	786	$	- 	$	- 	$	- 	$	-
Sub-Total	$	12,450.19	$	15.84	$	12,944.04	$	16.47	
	
Developed Lots	Administrative	$	-	$	15.84	0	$	16.47
In Sarasota County	Debt	0	$	- 	$	- 	$	- 	$	-
Sub-Total	$	-	$	15.84	$	-	$	16.47	

Undeveloped	Administrative	$	163,705.73	$	15.84	$	170,199.29	$	16.47	
Land In Unit 1	Debt	10,335	$	- 	$	- 	$	- 	$	-	
	Sub-Total	
$	163,705.73	$	15.84	$	170,199.29	$	16.47	
	
Undeveloped	Administrative	$	3,247.19	$	15.84	$	3,375.99	$	16.47
Land In Unit 2	Debt	205	$	- 	$	- 	$	- 	$	-
Sub-Total	$	3,247.19	$	15.84	$	3,375.99	$	16.47	
	
Undeveloped	Administrative	$	1,441.43	$	15.84	$	1,498.61	$	16.47
Land In Unit 3	Debt	91	$	- 	$	- 	$	- 	$	-
Sub-Total	$	1,441.43	$	15.84	$	1,498.61	$	16.47	
	
Undeveloped	Administrative	$	3,769.90	$	15.84	$	3,919.44	$	16.47
Land In Unit 4	Debt	238	$	- 	$	- 	$	- 	$	-
Sub-Total	$	3,769.90	$	15.84	$	3,919.44	$	16.47	
	
Undeveloped Land  Administrative	$	115,679.05	$	15.84	$	120,267.58	$	16.47
In Sarasota County	Debt	7,303	$	- 	$	- 	$	- 	$	-
Sub-Total	$	115,679.05	$	15.84	$	120,267.58	$	16.47	

 Total		23,176	$	321,835.81	$	334,601.77

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  	20,318.00 	assessable units in the District.	

 Assessment Recap - Unit 1		

A	
B	
C	
F	
G	
F	
G	

Total Fiscal Year	Total Fiscal Year	Total Fiscal Year	Total Fiscal Year	
Lot		2021/2022	2021/2022	2022/2023	2022/2023	
Type	Units	Assessment	Assessment Per Unit	Projected Assessment	Projected Assessment Per Unit	

Developed	Administrative	$	40,721.86	$	77.86	$	90,258.73	$	172.58	
Lots In Unit 1 Only	Debt	523	$	83,185.97	$	159.06	$	83,215.54	$	159.11	
	Sub-Total	$	123,907.83	$	236.92	$	173,474.27	
$	331.69	
	
Developed
Lots In Unit 2	Administrative
Debt	
1,868	$	145,446.35
$	297,115.47	$	77.86
$	159.06	$	322,377.25
$	297,221.10	$	172.58
$	159.11	
	Sub-Total		$	442,561.82	$	236.92	$	619,598.35	$	331.69	
	
Developed	Administrative		$	142,254.01
$	290,594.20
$	432,848.20	$	77.86
$	159.06
$	236.92	$	315,301.52
$	290,697.51
$	605,999.03	$	172.58
$	159.11

$	331.69	
Lots In Unit 3	Debt	1,827					
	Sub-Total						
	
Developed
Lots In Unit 4	Administrative
Debt	
786	$	61,199.59
$	125,017.54	$	77.86
$	159.06	$	135,646.96
$	125,061.98	$	172.58
$	159.11	
	Sub-Total		$	186,217.12	$	236.92	$	260,708.94	$	331.69	

Undeveloped	Admin / Maint	$	804,704.51	$	77.86	$	1,783,602.18	$	172.58	
Land In Unit 1	Debt	10,335	$	1,643,837.45	$	159.06	$	1,644,421.88	$	159.11	
	Sub-Total	
$	2,448,541.96	$	236.92	$	3,428,024.05	$	331.69	
	
Undeveloped	Administrative	$	15,961.72	$	77.86	$	35,378.66	$	172.58
Land In Unit 2	Debt	205	$	32,606.35	$	159.06	$	32,617.95	$	159.11
Sub-Total	$	48,568.08	$	236.92	$	67,996.61	$	331.69	
	
Undeveloped	Administrative	$	7,085.45	$	77.86	$	15,704.67	$	172.58
Land In Unit 3	Debt	91	$	14,474.04	$	159.06	$	14,479.19	$	159.11
Sub-Total	$	21,559.49	$	236.92	$	30,183.86	$	331.69	
	
Undeveloped	Administrative	$	18,531.17	$	77.86	$	41,073.76	$	172.58
Land In Unit 4	Debt	238	$	37,855.18	$	159.06	$	37,868.64	$	159.11
Sub-Total	$	56,386.36	$	236.92	$	78,942.40	$	331.69	

Total Admin / Maint	
Total Debt	

$	1,153,526.60	
$	2,356,405.60	

$	2,556,755.32	
$	2,357,243.36	

 Total		15,873	$	3,509,932.19	 $	4,913,998.68 

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

159

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

There are  	14,815.00 	assessable units in Unit 1.	

	

Assessment Recap - Unit 2 (Total Gross)
A	B	C

Methodology	E	F	I

Total Fiscal Year	H

Total Fiscal Year	I

Total Fiscal Year	
Lot	Maximum	Admin / Maint Assessment		2021/2022	2022/2023	2022/2023	
Type	Percentage	Allocation	Units	Per Unit	Projected Assessment	Projected Per Unit	

2019 A-1 (Performing)

Island Walk	Admin / Maint	1,799	$	0.55	$	13,732.22	$	7.63	
Single	Debt	23.97%	13,732.22	1,796	$	379.89	$	682,282.44	$	379.89	
		 		
Family	Sub-Total	$	380.44	$	696,014.66	$	387.52	
	
Island Walk	Admin / Maint	$	0.54	$	531.90	$	7.60
Multi	Debt	0.93%	531.90	70	$	378.22	$	26,475.40	$	378.22
Family	Sub-Total	$	378.76	$	27,007.30	$	385.82	

Gran Paradiso	Admin / Maint			1,439	$	0.61	$	12,262.55	$	8.52	
Single	Debt	21.40%	12,262.55	1,416	$	424.10	$	600,525.60	$	424.10	
		 		
Family	Sub-Total				$	424.71	$	612,788.15	$	432.62	

Gran Paradiso	Admin / Maint	$	0.52	$	2,032.95	$	7.26	
Multi	Debt	3.55%	2,032.95	280	$	361.34	$	101,175.20	$	361.34	

Family (3 BDR)	
Sub-Total	 	
$	361.86	$	103,208.15	$	368.60	
	
Gran Paradiso Multi	Admin / Maint Debt	
3.16%	
1,812.57	280
272	$	0.46
$	322.17	$	1,812.57
$	87,630.24	$	6.47
$	322.17	
Family (2 BDR)	Sub-Total				$	322.63	$	89,442.81	$	328.64	

Preserve	Admin / Maint	$	0.55	$	839.68	$	7.63	
Single	Debt	1.47%	839.68	110	$	- 	$	-	$	-	

Family	
Sub-Total	 	
$	0.55	$	839.68	$	7.63	
	
Preserve	Admin / Maint	$	0.54	$	683.84	$	7.60
Multi	Debt	1.19%	683.84	90	$	- 	$	-	$	-
Family	Sub-Total	$	0.54	$	683.84	$	7.60	

2019 A-2 (Non Performing)

Thomas 167 *	Admin / Maint	$	0.53	$	563.36	$	7.41	
Multi	Debt	0.98%	563.36	76	$	368.91	$	28,037.16	$	368.91	

Family (3 BDR)	
Sub-Total	$	369.44	
$	28,600.52	
$	376.32	
	
Thomas 167 *	Admin / Maint				$	0.47	$	927.58	$	6.63	
Multi	Debt	1.62%	927.58	140	$	329.74	$	46,163.60	$	329.74	
Family (2 BDR)	Sub-Total				$	330.21	$	47,091.18	$	336.37	
	
Thomas 167 *	Admin / Maint				$	18.50	$	23,905.87	$	258.47	
Commercial	Debt	41.73%	23,905.87	92.49	$	12,863.47	$	1,189,742.34	$	12,863.47	
	Sub-Total				$	12,881.97	$	1,213,648.21	$	13,121.94	

$	57,292.52	
$	2,762,031.98	

Total	100.00%	$	57,292.55	4,376	$	2,817,800.98	

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

Notes:	
* Thomas 167 was originally referred to as the "Town Center" in the Unit 2 Methodology and included Town Center Residential and Town Center Commercial	
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 34 units with pre-paid bonds.		
3 unit in Island Walk Single Family	
23 unit in the Gran Paradiso Single Family	
8 unit in the Gran Paradiso Multi Family	

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	2022/2023
Projected Assessment	2022/2023
Projected Per Unit	

Island W alk	Admin / Maint	1,799	$	13,732.22	$	7.63	
Single	Debt	1,796	$	682,282.44	$	379.89	
Family	Sub-Total		$	696,014.66	$	387.52	
	
Island W alk	Admin / Maint		$	531.90	$	7.60	
Multi	Debt	70	$	26,475.40	$	378.22	
Family	Sub-Total		$	27,007.30	$	385.82	

GRAN PARADISO ON
	ROLL GROSS	

GRAN PARADISO
 DIRECT BILL GROSS 

1,090	$	9,288.52	$	8.52	
1,077	 $ 456,755.70	$  424.10	
	$ 466,044.22	$  432.62	

Admin / Maint	1,439
Debt

1,416

$	424.10

8.52

$

$	600,525.60

12,262.55

$

$

2,974.03

$	143,769.90
$	146,743.93

432.62

$

612,788.15

$

Sub-Total

Family

Gran Paradiso Single

$	-	$	-

Gran Paradiso	Admin / Maint		$	2,032.95	$	7.26	
Multi	Debt	280	$	101,175.20	$	361.34	
Family (3 BDR)	Sub-Total		$	103,208.15	$	368.60	
	
Gran Paradiso	Admin / Maint	280	$	1,812.57	$	6.47	
Multi	Debt	272	$	87,630.24	$	322.17	
Family (2 BDR)	Sub-Total		$	89,442.81	$	328.64	

 	
	$	1,423.06	$	7.26	
196	 $  70,822.64	$  361.34	
	$  72,245.70	$  368.60	
	
585	$	3,786.98	$	6.47	
580	 $ 	186,858.60	$  322.17	
	$ 190,645.58	$  328.64	

	
$	609.88
$	30,352.56
$	30,962.44	
	
$	(1,974.41)
 $	(99,228.36)
$	(101,202.77)	

$  14,498.56	$	1,609.51
 $ 714,436.94	$	74,894.10

Gran Paradiso Direct Bill Net
$	1,512.94
$	70,400.45

PRESERVE ON ROLL
	GROSS	

PRESERVE DIRECT
	BILL GROSS	

Preserve	Admin / Maint		$	839.68	$	7.63	
Single	Debt	110	 $	- 	$	- 	
Family	Sub-Total		$	839.68	$	7.63	
	
Preserve	Admin / Maint		$	683.84	$	7.60	
Multi	Debt	90	 $	- 	$	- 	
Family	Sub-Total		$	683.84	$	7.60	

110	$	839.68
 $	- 
$	839.68	$	7.63
$	- 
$	7.63	

113	$	858.60
 $	- 
$	858.60	$	7.60
$	- 
$	7.60	

$	-
 $	- 
$	-	
	
$	(174.76)
 $	- 
$	(174.76)	

$	1,698.28	$	(174.76)
 $	- 	 $	- 

Preserve Direct Bill Net
$	(164.27)
 $	- 

2019 A-2 (Non Performing)

TOWN CENTER ON ROLL
	GROSS	

TOWN CENTER DIRECT BILL GROSS

Thomas 167 * Multi
Family (3 BDR)	Admin / Maint Debt
Sub-Total	
76	$	563.36
$	28,037.16
$	28,600.52	$	7.41
$	368.91
$	376.32	
$	-	
Thomas 167 * Multi
Family (2 BDR)	Admin / Maint Debt
Sub-Total	
140	$	927.58
$	46,163.60
$	47,091.18	$	6.63
$	329.74
$	336.37	
$	-	
Thomas 167 *	Admin / Maint		$	23,905.87	$	258.47	
Commercial	Debt	92	$	1,189,742.34	$	12,863.47	
	Sub-Total		$	1,213,648.21	$	13,121.94	

	$	563.36	$	7.41	
76	 $  28,037.16	$  368.91	
	$  28,600.52	$  376.32	
	
	$	927.58	$	6.63	
140	 $  46,163.60	$  329.74	
	$  47,091.18	$  336.37	
	
	$  23,905.87	$  258.47	
92	 $1,189,742.34	$ 12,863.47	
	$1,213,648.21	$ 13,121.94	

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

$	57,292.52	$  25,396.81	$	-

$	2,762,031.98
 $	- 

Total		 4,376 	 $	2,817,800.98 

 $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.

Notes:
* Thomas 167 was originally referred to as the "Town Center" in the Unit 2 Methodology and included Town Center Residential and Town Center Commercial 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 34 units with pre-paid bonds.
3 unit in Island Walk Single Family
23 unit in the Gran Paradiso Single Family 8 unit in the Gran Paradiso Multi Family

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

Total Fiscal Year	
2021/2022	

Total Fiscal Year	Total Fiscal Year 2022/2023		2022/2023
Product	Total		Projected	Projected	
Category	Type	Units	Assessment Per Unit	Assessment	Assessment Per Unit	

Pre Lennar		2 Bdr Sam 35	Admin / Maint	5	$	96.08	$	749.17	$	149.83	
			Debt	4	$	1,093.10	 $	4,372.40	$	1,093.10	
				
			Sub-Total	$	1,189.18	$	5,121.57	$	1,242.93	
		
		3 Bdr Sam 70	Admin / Maint	6	$	96.08	$	899.01	$	149.83
Debt	5	$	1,432.12	 $	7,160.60	$	1,432.12

Sub-Total	$	1,528.20	$	8,059.61	$	1,581.95	
		
		3 Bdr Sam 80	Admin / Maint	5	$	96.08	$	749.17	$	149.83
Debt	4	$	1,559.05	 $	6,236.20	$	1,559.05

Sub-Total	$	1,655.13	$	6,985.37	$	1,708.88	
		
		3 Bdr Lee 45	Admin / Maint	$	96.08	$	599.34	$	149.83
Debt	4	$	1,227.41	 $	4,909.64	$	1,227.41

Sub-Total	$	1,323.49	$	5,508.98	$	1,377.24	
		
		3 Bdr Lee 65	Admin / Maint	10	$	96.08	$	1,498.35	$	149.83
Debt	8	$	1,380.47	 $	11,043.76	$	1,380.47

Sub-Total	$	1,476.55	$	12,542.11	$	1,530.30	

	Total	 	Pre Lennar	

  30 

Gross

$

4,495.04

 $	33,722.60

Gross

Lennar		35'	Admin / Maint	179	$	96.08	$	26,820.43	$	149.83	
			Debt	172	$	521.28	 $	89,660.16	$	521.28	
				
			Sub-Total	$	617.36	$	116,480.59	$	671.11	
		
		Townhome	Admin / Maint	420	$	96.08	$	62,930.63	$	149.83
Debt	419	$	521.28	$	218,416.32	$	521.28
Sub-Total	$	617.36	$	281,346.95	$	671.11	
		
		Coach	Admin / Maint	$	96.08	$	17,380.84	$	149.83
Debt	116	$	627.66	 $	72,808.56	$	627.66
Sub-Total	$	723.74	$	90,189.40	$	777.49	
		
		45'	Admin / Maint	$	96.08	$	8,840.25	$	149.83
Debt	59	$	627.66	 $	37,031.94	$	627.66
Sub-Total	$	723.74	$	45,872.19	$	777.49	
		
		52'	Admin / Maint	513	$	96.08	$	76,865.27	$	149.83
Debt	510	$	734.04	$	374,360.40	$	734.04
Sub-Total	$	830.12	$	451,225.67	$	883.87	
		
		62'	Admin / Maint	131	$	96.08	$	19,628.36	$	149.83
Debt	121	$	840.42	$	101,690.82	$	840.42
Sub-Total	$	936.50	$	121,319.18	$	990.25	
		
		65'	Admin / Maint	79	$	96.08	$	11,836.95	$	149.83
Debt	78	$	840.42	 $	65,552.76	$	840.42
Sub-Total	$	936.50	$	77,389.71	$	990.25	
		
		70'	Admin / Maint	$	96.08	$	8,390.75	$	149.83
Debt	56	$	840.42	 $	47,063.52	$	840.42
Sub-Total	$	936.50	$	55,454.27	$	990.25	
		
		75'	Admin / Maint	252	$	96.08	$	37,308.87	$	149.83
Debt	249	$	946.81	$	235,755.69	$	946.81

Sub-Total	$	1,042.89	$	273,064.56	$	1,096.64	
		
		80'	Admin / Maint	65	$	96.08	$	9,739.26	$	149.83
Debt	64	$	946.81	 $	60,595.84	$	946.81

Sub-Total	$	1,042.89	$	70,335.10	$	1,096.64	

 		$ 1,302,936.01	
 TOTAL GROSS	 1,900 	Total Gross	$	284,686.17	
			$  1,336,658.61	

			
TOTAL NET		 1,900 	Total Net	$	267,605.00	
			$  1,256,459.09	

	Total	 	Lennar	

 1,870 

Gross

$	279,741.62

Gross

Total Gross

 

Total Net

Assessment is calculated by the 2014 Revised Unit 3 Special Methodology Report Revised Methodology Report Tables 2 & 3 Attached
There are 31 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, 3 units are SF
52', 10 units are SF 62', 1 unit is a SF 65', 3 units are SF 75', 7 units are SF 35', 1 unit is a Townhome, and 1 unit is a SF 80'.	

 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	
			2022/2023	2022/2023		2022/2023	2022/2023	
	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	$	749.17	$	149.83	
			Debt	4	 $	4,372.40	$	1,093.10	
				
			Sub-Total	$	5,121.57	$	1,242.93	
		
		3 Bdr Sam 70	Admin / Maint	6	$	899.01	$	149.83
Debt	5	 $	7,160.60	$	1,432.12
Sub-Total	$	8,059.61	$	1,581.95	
		
		3 Bdr Sam 80	Admin / Maint	5	$	749.17	$	149.83
Debt	4	 $	6,236.20	$	1,559.05
Sub-Total	$	6,985.37	$	1,708.88	
		
		3 Bdr Lee 45	Admin / Maint	$	599.34	$	149.83
Debt	4	 $	4,909.64	$	1,227.41
Sub-Total	$	5,508.98	$	1,377.24	
		
		3 Bdr Lee 65	Admin / Maint	10	$	1,498.35	$	149.83
Debt	8	 $	11,043.76	$	1,380.47
Sub-Total	$	12,542.11	$	1,530.30	

5	$	749.17	$	149.83	
4	$	4,372.40	$	1,093.10	
	$	5,121.57	$	1,242.93	
	
6	$	899.01	$	149.83	
5	$	7,160.60	$	1,432.12	
	$	8,059.61	$	1,581.95	
	
5	$	749.17	$	149.83	
4	$	6,236.20	$	1,559.05	
	$	6,985.37	$	1,708.88	
	
$	599.34	$	149.83
4	$	4,909.64	$	1,227.41
$	5,508.98	$	1,377.24	
	
10	$	1,498.35	$	149.83	
8	 $	11,043.76	$	1,380.47	
	$	12,542.11	$	1,530.30	

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

	Total	  Pre Lennar 

  30   $

4,495.04

  30   $

4,495.04

 $	33,722.60

Gross

Platted On Roll
 $	33,722.60  Gross

$
$

-

Direct Bill

-	Gross

Lennar		35'	Admin / Maint	179	$	26,820.43	$	149.83	
			Debt	172	 $		89,660.16	$	521.28	
				
			Sub-Total		$  116,480.59	$	671.11	
		
		Townhome	Admin / Maint	420	$	62,930.63	$	149.83	
			Debt	419	 $  218,416.32	$	521.28	
			Sub-Total		$  281,346.95	$	671.11	
		
		Coach	Admin / Maint		$	17,380.84	$	149.83	
			Debt	116	 $	72,808.56	$	627.66	
			Sub-Total		$	90,189.40	$	777.49	
		
		45'	Admin / Maint		$	8,840.25	$	149.83	
			Debt	59	 $	37,031.94	$	627.66	
			Sub-Total		$	45,872.19	$	777.49	
		
		52'	Admin / Maint	513	$	76,865.27	$	149.83	
			Debt	510	 $  374,360.40	$	734.04	
			Sub-Total		$  451,225.67	$	883.87	
		
		62'	Admin / Maint	131	$	19,628.36	$	149.83	
			Debt	121	 $  101,690.82	$	840.42	
			Sub-Total		$  121,319.18	$	990.25	
		
		65'	Admin / Maint	79	$	11,836.95	$	149.83	
			Debt	78	 $	65,552.76	$	840.42	
			Sub-Total		$	77,389.71	$	990.25	
		
		70'	Admin / Maint		$	8,390.75	$	149.83	
			Debt	56	 $	47,063.52	$	840.42	
			Sub-Total		$	55,454.27	$	990.25	
		
		75'	Admin / Maint	252	$	37,758.38	$	149.83	
			Debt	249	 $  235,755.69	$	946.81	
			Sub-Total		$  273,514.07	$	1,096.64	
		
		80'	Admin / Maint	65	$	9,739.26	$	149.83	
			Debt	64	 $	60,595.84	$	946.81	
			Sub-Total		$	70,335.10	$	1,096.64	

333	$	49,895.00	$	149.83	
326	 $  169,937.28	$	521.28	
	$  219,832.28	$	671.11	
	
252	$	37,758.38	$	149.83	
251	 $  130,841.28	$	521.28	
	$  168,599.66	$	671.11	
	
$	29,367.63	$	149.83
196	 $  123,021.36	$	627.66
$  152,388.99	$	777.49	
	
$	8,840.25	$	149.83
59	 $	37,031.94	$	627.66
$	45,872.19	$	777.49	
	
337	$	50,494.34	$	149.83	
334	 $  245,169.36	$	734.04	
	$  295,663.70	$	883.87	
	
289	$	43,302.26	$	149.83	
279	 $  234,477.18	$	840.42	
	$  277,779.44	$	990.25	
	
53	$	7,941.25	$	149.83	
52	 $	43,701.84	$	840.42	
	$	51,643.09	$	990.25	
	
$	8,390.75	$	149.83
56	 $	47,063.52	$	840.42
$	55,454.27	$	990.25	
	
201	$	30,116.80	$	149.83	
198	 $  187,468.38	$	946.81	
	$  217,585.18	$	1,096.64	
	
65	$	9,739.26	$	149.83	
64	 $	60,595.84	$	946.81	
	$	70,335.10	$	1,096.64	

$	(23,074.56)	
$	(80,277.12)	
$  (103,351.68)
$	25,172.25
$	87,575.04
$	112,747.29
$	(11,986.79)
$	(50,212.80)
$	(62,199.59)
$	-
$	-
$	-
$	26,370.93
$	129,191.04
$	155,561.97
$	(23,673.90)
$  (132,786.36)
$  (156,460.26)
$	3,895.71
$	21,850.92
$	25,746.63
$	-
$	-
$	-
$	7,641.58
$	48,287.31
$	55,928.89
$	-
$	-
$	-	

Gross

Total Gross

Total Net

	Total	 	Lennar		 1,870 	$  280,191.13	
		 $ 1,302,936.01	
 TOTAL GROSS	 1,900 	$	284,686.17	
		$ 1,336,658.61	
			
 TOTAL NET 	 1,900 	$	267,605.00	
		$ 1,256,459.09	

 1,841 	$  275,845.92	Platted On Roll	$	4,345.21 Direct Bill	
	 $ 1,279,307.98	Gross	$	23,628.03 Gross	

 1,871 	$  280,340.96	Total Platted On	$	4,345.21	Total Direct	
	 $ 1,313,030.58	Roll Gross	$	23,628.03	Bill Gross	
	
$  263,520.50	
Total Platted On	
$	4,084.50	
Total Direct	
	$ 1,234,248.75	Roll Net	$	22,210.35	Bill Net	

Assessment is calculated by the 2014 Revised Unit 3 Special Methodology Report Revised Methodology Report Tables 2 & 3 Attached
There are 31 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, 3 units are SF 52', 10 units are SF 62', 1 unit is a SF 65', 3 units are SF 75', 7 units
are SF 35', 1 unit is a Townhome, and 1 unit is a SF 80'.	

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

Total Fiscal Year	
2021/2022	

Total Fiscal Year	Total Fiscal Year 2022/2023		2022/2023
Product	Total		Projected	Projected	
Subdivision	Type	Units	Assessment Per Unit	Assessment	Assessment Per Unit	

Renaissance		35' Villas	Admin / Maint	$	101.36	$	22,704.49	$	101.36	
			Debt	224	$	678.03	$	151,879.15	$	678.03	
			Sub-Total	$	779.39	$	174,583.64	$	779.39	
		
		50' SF	Admin / Maint	273	$	101.36	$	27,671.10	$	101.36
Debt	  272  $	998.94	$	272,709.57	$	998.94
Sub-Total	$	1,100.30	$	300,380.67	$	1,100.30	
		
		60' SF	Admin / Maint	$	101.36	$	19,562.35	$	101.36
Debt	193	$	1,212.87	$	234,084.36	$	1,212.87
Sub-Total	$	1,314.23	$	253,646.71	$	1,314.23	

Total		Renaissance		 690 	Gross	$	69,937.94	Gross	
	$	658,673.09	

Oasis		60' SF	Admin / Maint	$	101.36	$	9,325.06	$	101.36	
			Debt	92	$	829.89	$	76,350.21	$	829.89	
			Sub-Total	$	931.25	$	85,675.27	$	931.25	
		
		70' SF	Admin / Maint	$	101.36	$	4,459.81	$	101.36
Debt	44	$	980.00	$	43,120.00	$	980.00
Sub-Total	$	1,081.36	$	47,579.81	$	1,081.36	

Total		Oasis		 136 	Gross	$	13,784.87	Gross	
	$	119,470.21	

Preserve		33' Villas	Admin / Maint	$	101.36	$	9,122.34	$	101.36	
			Debt	90	$	424.61	$	38,214.57	$	424.61	
			Sub-Total	$	525.97	$	47,336.91	$	525.97	
		
		50' SF	Admin / Maint	$	101.36	$	11,149.53	$	101.36
Debt	110	$	679.79	$	74,776.60	$	679.79
Sub-Total	$	781.15	$	85,926.12	$	781.15	

Total		Preserve		 200 	Gross	$	20,271.87	Gross	
	$	112,991.17	

TOTAL GROSS	 1,026   Total Gross	$	103,994.68	Total Gross	
$	891,134.47	

TOTAL NET	 1,026   Total Net	$	97,755.00	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'	

	

 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	
			2022/2023	2022/2023		2022/2023	2022/2023	
	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	$	22,704.49	$	101.36
$	678.03	
			Debt	224	$	151,879.15		
			Sub-Total	$	174,583.64	$	779.39	
		
		50' SF	Admin / Maint	273	$	27,671.10
Debt	272	$	272,709.57
Sub-Total	$	300,380.67	$	101.36
$	998.94	
			$	1,100.30	
		
		60' SF	Admin / Maint	$	19,562.35
Debt	193	$	234,084.36
Sub-Total	$	253,646.71	$	101.36
$	1,212.87	
			$	1,314.23	

	$  15,406.62	$	101.36	
152	$ 103,060.85	$	678.03	
	$ 118,467.47	$	779.39	
	
183	$  18,548.76	$	101.36	
182	$ 181,806.38	$	998.94	
	$ 200,355.14	$	1,100.30	
	
	$	9,426.42	$	101.36	
93	$ 112,797.13	$	1,212.87	
	$ 122,223.55	$	1,314.23	

$	7,297.87	
 $	48,818.30	
$	56,116.17

$	9,122.34
 $	90,903.19
$	100,025.53

$	10,135.93
 $	121,287.23
$	131,423.17	

	Total		  Renaissance 	  690 	$	69,937.94	Gross	  428 	$  43,381.80	Platted On Roll	$	26,556.15 Direct Bill	
$	658,673.09	$ 397,664.36	Gross	 $	261,008.72 Gross	

Oasis		60' SF	Admin / Maint	$	9,325.06	$	101.36
$	829.89	
			Debt	92	$	76,350.21		
			Sub-Total	$	85,675.27	$	931.25	
		
		50' SF	Admin / Maint	$	-
Debt	0	$	-
Sub-Total	$	-	$	101.36
$	691.58	
			$	792.94	
		
		70' SF	Admin / Maint	$	4,459.81
Debt	44	$	43,120.00
Sub-Total	$	47,579.81	$	101.36
$	980.00	
			$	1,081.36	

$	7,703.31	$	101.36	
76	$  63,071.91	$	829.89	
$  70,775.22	$	931.25	
	
	$	1,723.11	$	101.36	
17	$  11,756.86	$	691.58	
	$  13,479.97	$	792.94	
	
	$	4,662.53	$	101.36	
46	$  45,080.00	$	980.00	
	$  49,742.53	$	1,081.36	

$	1,621.75	
 $	13,278.30	
$	14,900.05

$	(1,723.11)
 $	(11,756.86)
$	(13,479.97)

$	(202.72)
 $	(1,960.00)
$	(2,162.72)	

	Total			Oasis		  136 	$	13,784.87	Gross	  122 	$  14,088.95	Platted On Roll	$	(304.08) Direct Bill	
$	119,470.21	$ 119,908.77	Gross	 $	(438.56) Gross	

Preserve		33' Villas	Admin / Maint	$	9,122.34	$	101.36
$	424.61	
			Debt	90	$	38,214.57		
			Sub-Total	$	47,336.91	$	525.97	
		
		50' SF	Admin / Maint	$	11,149.53
Debt	110	$	74,776.60
Sub-Total	$	85,926.12	$	101.36
$	679.79	
			$	781.15	

$  11,453.61	$	101.36	
113	$  47,980.52	$	424.61	
$  59,434.13	$	525.97	
	
	$  11,149.53	$	101.36	
110	$  74,776.60	$	679.79	
	$  85,926.12	$	781.15	

$	(2,331.26)	
 $	(9,765.95)	
$	(12,097.21)

$	-
 $	- 
$	-	

	Total			Preserve		  200 	$	20,271.87	Gross	  223 	$  22,603.13	Platted On Roll	$	(2,331.26) Direct Bill	
$	112,991.17	$ 122,757.12	Gross	 $	(9,765.95) Gross	

 TOTAL GROSS	 1,026 	$	103,994.68		 773 	$  80,073.88	Total Platted On	$	23,920.80  Total Direct	
$	891,134.47	$ 640,330.25	Roll Gross	 $	250,804.21 Bill Gross	

 TOTAL NET		 1,026 	$	97,755.00		 773 	$  75,269.44	Total Platted On	$	22,485.56  Total Direct	
$	837,666.40	$ 601,910.44	Roll Net	$	235,755.96 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 27

Assessment Recap - Unit 7 (Total Gross)	

A	
B	
C	
D	
E	
F	

Total Fiscal Year	
2021/2022	

	

Total Fiscal Year	Total Fiscal Year 2022/2023		2022/2023
Product	Total		Projected	Projected	
Type	Units	Assessment Per Unit	Assessment	Assessment Per Unit	

Unit 7 Master

50' Single Family	Admin / Maint		$	196.83	$	264,649.13	$	139.51	
	Debt	1,897	$	830.00	$ 1,574,510.00	$	830.00	
	Sub-Total		$	1,026.83	$ 1,839,159.13	$	969.51	
	
74' Single Family	Admin / Maint		$	196.83	$	10,742.22	$	139.51	
	Debt	77	$	1,228.40	 $	94,586.80	$	1,228.40	
	Sub-Total		$	1,425.23	$	105,329.02	$	1,367.91	
	
Coach	Admin / Maint		$	196.83	$	30,134.01	$	139.51	
	Debt	216	$	622.50	$	134,460.00	$	622.50	
	Sub-Total		$	819.33	$	164,594.01	$	762.01	
	
2-Story Units	Admin / Maint		$	196.83	$	41,294.75	$	139.51	
	Debt	296	$	456.50	$	135,124.00	$	456.50	
	Sub-Total		$	653.33	$	176,418.75	$	596.01	
	
4-Story Units	Admin / Maint		$	196.83	$	54,408.62	$	139.51	
	Debt	390	$	415.00	$	161,850.00	$	415.00	
	Sub-Total		$	611.83	$	216,258.62	$	554.51	
	
Total		2,876		$	401,228.72
$ 2,100,530.80	
Gross	

Unit 7 Village B

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

Unit 7 Village F1 & F5

F1 - 37 ' Single Family	Admin / Maint	
	Debt	102	$	622.50	 $	63,495.00	$	622.50	
	Sub-Total	$	622.50	$	63,495.00	$	622.50	
F1 - 50 ' Single Family	Admin / Maint	
	Debt	92	$	830.00	 $	76,360.00	$	830.00	
	Sub-Total	$	830.00	$	76,360.00	$	830.00	
F1 - 60 ' Single Family	Admin / Maint	
	Debt	76	$	996.00	 $	75,696.00	$	996.00	
	Sub-Total	$	996.00	$	75,696.00	$	996.00	
	
F5 - Dup/Paired Villa	Admin / Maint	
	Debt	158	$	498.00	 $	78,684.00	$	498.00	
	Sub-Total	$	498.00	$	78,684.00	$	498.00	
F5 - 40 ' Single Family	Admin / Maint	
	Debt	115	$	664.00	 $	76,360.00	$	664.00	
	Sub-Total	$	664.00	$	76,360.00	$	664.00	
F5 - 50 ' Single Family	Admin / Maint	
	Debt	125	$	830.00	$	103,750.00	$	830.00	
	Sub-Total	$	830.00	$	103,750.00	$	830.00	
	
Total	668	Gross
$	474,345.00	

Page 28

Assessment Recap - Unit 7 (Collection Method)	
A	B	C	E	F	G	H	I	J	

	TOTAL GROSS			PLATTED ON ROLL GROSS		  DIRECT BILL GROSS 

Total Fiscal Year	Total Fiscal Year	Total Fiscal Year	Total Fiscal Year	
		2022/2023	2022/2023		2022/2023	2022/2023	
Product	Total	Projected	Projected	Platted	Platted	Platted	
Type	Units	Assessment	Assess Per Unit	Units	Assessment	Assess Per Unit	

Unit 7 Master

50' Single Family	Admin / Maint		$	264,649.13	$	139.51	
	Debt	1,897	$ 1,574,510.00	$	830.00	
	Sub-Total		$ 1,839,159.13	$	969.51	
	
74' Single Family	Admin / Maint		$	10,742.22	$	139.51	
	Debt	77	$	94,586.80	$	1,228.40	
	Sub-Total		$	105,329.02	$	1,367.91	
	
Coach	Admin / Maint		$	30,134.01	$	139.51	
	Debt	216	$	134,460.00	$	622.50	
	Sub-Total		$	164,594.01	$	762.01	
	
2-Story Units	Admin / Maint		$	41,294.75	$	139.51	
	Debt	296	$	135,124.00	$	456.50	
	Sub-Total		$	176,418.75	$	596.01	
	
4-Story Units	Admin / Maint		$	54,408.62	$	139.51	
	Debt	390	$	161,850.00	$	415.00	
	Sub-Total		$	216,258.62	$	554.51	

0		$	-	$	139.51	
		$	- 	$	830.00	
		$	-	$	969.51	

0		$	-
$	- 
$	-	$	139.51
$	1,228.40
$	1,367.91	

0		$	-
$	- 
$	-	$	139.51
$	622.50
$	762.01	

0		$	-
$	- 
$	-	$	139.51
$	456.50
$	596.01	

0		$	-
$	- 
$	-	$	139.51
$	415.00
$	554.51	

$	264,649.13	
$ 1,574,510.00	
$ 1,839,159.13	
	
$	10,742.22
$	94,586.80
$	105,329.02	
	
$	30,134.01
$	134,460.00
$	164,594.01	
	
$	41,294.75
$	135,124.00
$	176,418.75	
	
$	54,408.62
$	161,850.00
$	216,258.62	

 TOTAL GROSS		  2,876 	$	401,228.72	
Total Gross	0	$	-	Total Platted On	$	401,228.72  Total Direct	
 $ 2,100,530.80 	 		
 $	-		Roll Gross	$ 2,100,530.80 Bill Gross	

 TOTAL NET		  2,876 	$	377,155.00	
Total Net	0	$	-	Total Platted On	$	377,155.00  Total Direct	
 $ 1,974,498.95 	 		
 $	-		Roll Net	$  1,974,498.95 Bill Net	

Unit 7 Village B

50 ' Single Family	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	$	-	Total Direct	
 $		92,130.00 	 		
 $		-		Roll Gross	$	92,130.00	Bill Gross	

 TOTAL NET		  111 	$	-	
Total Net	0	$	-	Total Platted On	$	-	Total Direct	
 $	86,602.20 	 		
 $	-		Roll Net	$	86,602.20 Bill Net	

Unit 7 Village F1 & F5

F1 - 37 ' Single Family	Debt	102	$	63,495.00	$	622.50	
	Sub-Total	$	63,495.00	$	622.50	
F1 - 50 ' Single Family	Debt	92	$	76,360.00	$	830.00	
	Sub-Total	$	76,360.00	$	830.00	
F1 - 60 ' Single Family	Debt	76	$	75,696.00	$	996.00	
	Sub-Total	$	75,696.00	$	996.00	
	
F5 - Dup/Paired Villa	Debt	158	$	78,684.00	$	498.00	
	Sub-Total	$	78,684.00	$	498.00	
F5 - 40 ' Single Family	Debt	115	$	76,360.00	$	664.00	
	Sub-Total	$	76,360.00	$	664.00	
F5 - 50 ' Single Family	Debt	125	$	103,750.00	$	830.00	
	Sub-Total	$	103,750.00	$	830.00	

0	$	- 	$	622.50	
$	-	$	622.50	
0	$	- 	$	830.00	
$	-	$	830.00	
0	$	- 	$	996.00	
$	-	$	996.00	
	
0	$	- 	$	498.00	
$	-	$	498.00	
0	$	- 	$	664.00	
$	-	$	664.00	
0	$	- 	$	830.00	
$	-	$	830.00	

$	63,495.00	
$	63,495.00	
$	76,360.00	
$	76,360.00	
$	75,696.00	
$	75,696.00	
	
$	78,684.00	
$	78,684.00	
$	76,360.00	
$	76,360.00	
$	103,750.00	
$	103,750.00	

 TOTAL GROSS		 668 	Total Gross	0	Total Platted On	Total Direct
 $	474,345.00  		 $	-		Roll Gross	$	474,345.00 Bill Gross	

 TOTAL NET		 668 	Total Net	0	Total Platted On	Total Direct
 $	445,884.30  		 $	-		Roll Net	$	445,884.30 Bill Net	

Page 29

Assessment Recap - Unit 8 (Total Gross)	

A	
B	
C	
D	
E	
F	

Total Fiscal Year	
2021/2022	

	

Total Fiscal Year	Total Fiscal Year 2022/2023		2022/2023
Product	Total		Projected	Projected	
Type	Units	Assessment Per Unit	Assessment	Assessment Per Unit	

Unit 8 Master

50' Single Family	Admin / Maint		$	102.18	$	30,194.05	$	120.78	
	Debt	250	$	697.38	$	174,345.00	$	697.38	
	Sub-Total		$	799.56	$	204,539.05	
$	818.16	
	
75' Single Family	Admin / Maint		$	102.18	$	16,908.67	$	120.78	
	Debt	140	$	875.66	$	122,592.40	$	875.66	
	Sub-Total		$	977.84	$	139,501.07	$	996.44	
	
Coach	Admin / Maint		$	102.18	$	32,368.02	$	120.78	
	Debt	268	$	613.49	$	164,415.32	$	613.49	
	Sub-Total		$	715.67	$	196,783.34	$	734.27	
	
2-Story Units	Admin / Maint		$	102.18	$	32,368.02	$	120.78	
	Debt	268	$	524.34	$	140,523.12	$	524.34	
	Sub-Total		$	626.52	$	172,891.14	$	645.12	
	
4-Story Units	Admin / Maint		$	102.18	$	47,102.72	$	120.78	
	Debt	390	$	435.20	$	169,728.00	$	435.20	
	Sub-Total		$	537.38	$	216,830.72	$	555.98	
	
Total		1,316		$	158,941.49
$	771,603.84	
Gross	

Page 30

Assessment Recap - Unit 8 (Collection Method)	
A	B	C	E	F	G	H	I	J	

	TOTAL GROSS			PLATTED ON ROLL GROSS			DIRECT BILL GROSS	

Total Fiscal Year	Total Fiscal Year	Total Fiscal Year	Total Fiscal Year	
		2022/2023	2022/2023		2022/2023	2022/2023	
Product	Total	Projected	Projected	Platted	Platted	Platted	
Type	Units	Assessment	Assessment Per Unit	Units	Assessment	Assessment Per Unit	

Unit 8 Master

50' Single Family	Admin / Maint		$	30,194.05	$	120.78	
	Debt	250	$	174,345.00	$	697.38	
	Sub-Total		$	204,539.05	$	818.16	
	
75' Single Family	Admin / Maint		$	16,908.67	$	120.78	
	Debt	140	$	122,592.40	$	875.66	
	Sub-Total		$	139,501.07	$	996.44	
	
Coach	Admin / Maint		$	32,368.02	$	120.78	
	Debt	268	$	164,415.32	$	613.49	
	Sub-Total		$	196,783.34	$	734.27	
	
2-Story Units	Admin / Maint		$	32,368.02	$	120.78	
	Debt	268	$	140,523.12	$	524.34	
	Sub-Total		$	172,891.14	$	645.12	
	
4-Story Units	Admin / Maint		$	47,102.72	$	120.78	
	Debt	390	$	169,728.00	$	435.20	
	Sub-Total		$	216,830.72	$	555.98	

0		$	-	$	120.78	
		$	- 	$	697.38	
		$	-	$	818.16	

0		$	-	$	120.78
$	- 	$	875.66
$	-	$	996.44	

0		$	-	$	120.78
$	- 	$	613.49
$	-	$	734.27	

0		$	-	$	120.78
$	- 	$	524.34
$	-	$	645.12	

0		$	-	$	120.78
$	- 	$	435.20
$	-	$	555.98	

$	30,194.05	
 $	174,345.00	
$	204,539.05	
	
$	16,908.67
 $	122,592.40
$	139,501.07	
	
$	32,368.02
 $	164,415.32
$	196,783.34	
	
$	32,368.02
 $	140,523.12
$	172,891.14	
	
$	47,102.72
 $	169,728.00
$	216,830.72	

 TOTAL GROSS		  1,316 	$	158,941.49	Total Gross	0	$	-	Total Platted On Roll	$	158,941.49  Total Direct Bill	
 $	771,603.84 	 		
 $	-		Gross	$	771,603.84 Gross	

 TOTAL NET		  1,316 	$	149,405.00	Total Net	0	$	-	Total Platted On Roll	$	149,405.00	
Total Direct Bill Net	
 $	725,307.61 	 		
 $	-		Net	$	725,307.61	

 Assesments - Island Walk	

Island Walk Assessment Breakdown	
	District Proper		Unit 1	Unit 2	Unit 3 through 9	All Units	
	Fiscal Year		Fiscal Year	Fiscal Year	Fiscal Year	Total Fiscal Year	
Product	2022/2023		2022/2023	2022/2023	2022/2023	2022/2023	
Type	Assessment		Assessment	Assessment	Assessment	Assessment	
	Per Unit		Per Unit	Per Unit	Per Unit	Per Unit	
	
Single	Admin / Maint	$	16.47		$	172.58	$	7.63	$	-	$	196.68	
Family		Debt		 $	-			 $	159.11   $	379.89   $	-		$	539.00	
Sub-Total	$	16.47		$	331.69	$	387.52	$	-	$	735.68	

Multi		Admin / Maint Family			Debt	
Sub-Total	
$	16.47
 $	-	
$	16.47		
$	172.58
 $	159.11 
$	331.69		
				$	7.60	$	-	$	196.65	
				 $	378.22   $	-		$	537.33	
				$	385.82	$	-	$	733.98	
					
Any Lot Outside  Admin / Maint	$	16.47		$	172.58	$	-	$	-
 $	-	  $	-	
$	-	$	-	$	189.05	
Unit 2 Boundary 	Debt		 $	-			 $	159.11 		$	159.11	
Sub-Total	$	16.47		$	331.69		$	348.16	

Island Walk Assessment Changes	

Total Fiscal Year	
Total Fiscal Year	
Total Change +/(-)	
2021/2022	2022/2023	From Previous	
Assessment	Assessment	Year	
Per Unit	Per Unit	Per Unit	

$	633.20	

$	735.68	

$	102.49	

$	631.52	

$	733.98	

$	102.45	

$	252.76	

$	348.16	

$	95.40	

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

 Assessments - Gran Paradiso	

Gran Paradiso Assessment Breakdown	
	District Proper	Unit 1	Unit 2	Unit 3	Unit 4 Through 9	All Units	
	Total Fiscal Year	Total Fiscal Year	Total Fiscal Year	Total Fiscal Year	Total Fiscal Year	Total Fiscal Year	
Product	2022/2023	2022/2023	2022/2023	2022/2023	2022/2023	2022/2023	
Type	Assessment	Assessment	Assessment	Assessment	Assessment	Assessment	
	Per Unit	Per Unit	Per Unit	Per Unit	Per Unit	Per Unit	
	
2 Bdr Sam 35  Admin / Maint	$	16.47	$	172.58	$	8.52	$	149.83	$	-
		Debt	  $		-	  $	159.11   $	424.10   $	1,093.10  $		- Sub-Total		$	16.47		$	331.69	$	432.62	$	1,242.93	$	-	$	347.41	
	$	1,676.31	
	$	2,023.72	
	
3 Bdr Sam 70  Admin / Maint	$	16.47	$	172.58	$	8.52	$	149.83	$	-
		Debt	  $		-	  $	159.11   $	424.10   $	1,432.12  $		- Sub-Total		$	16.47		$	331.69	$	432.62	$	1,581.95	$	-	$	347.41	
	$	2,015.33	
	$	2,362.74	
	
3 Bdr Sam 80  Admin / Maint	$	16.47	$	172.58	$	8.52	$	149.83	$	-
		Debt	  $		-	  $	159.11   $	424.10   $	1,559.05  $		- Sub-Total		$	16.47		$	331.69	$	432.62	$	1,708.88	$	-	$	347.41	
	$	2,142.26	
	$	2,489.67	
	
3 Bdr Lee 45	Admin / Maint	$	16.47	$	172.58	$	8.52	$	149.83	$	-
		Debt	  $		-	  $	159.11   $	424.10   $	1,227.41  $		- Sub-Total		$	16.47		$	331.69	$	432.62	$	1,377.24	$	-	$	347.41	
	$	1,810.62	
	$	2,158.03	
	
3 Bdr Lee 65	Admin / Maint	$	16.47	$	172.58	$	8.52	$	149.83	$	-
		Debt	  $		-	  $	159.11   $	424.10   $	1,380.47  $		- Sub-Total		$	16.47		$	331.69	$	432.62	$	1,530.30	$	-	$	347.41	
	$	1,963.68	
	$	2,311.09	
	
35'	Admin / Maint	$	16.47	$	172.58	$	6.47	$	149.83	$	-
		Debt	  $		-	  $	159.11   $	322.17   $	521.28  $		- Sub-Total		$	16.47		$	331.69	$	328.64	$	671.11	$	-	$	345.36	
	$	1,002.56	
	$	1,347.92	
	
Townhome	Admin / Maint	$	16.47	$	172.58	$	6.47	$	149.83	$	-
		Debt	  $		-	  $	159.11   $	322.17   $	521.28  $		- Sub-Total		$	16.47		$	331.69	$	328.64	$	671.11	$	-	$	345.36	
	$	1,002.56	
	$	1,347.92	
	
Coach	Admin / Maint	$	16.47	$	172.58	$	7.26	$	149.83	$	-
		Debt	  $		-	  $	159.11   $	361.34   $	627.66  $		- Sub-Total		$	16.47		$	331.69	$	368.60	$	777.49	$	-	$	346.15	
	$	1,148.11	
	$	1,494.26	
	
45'	Admin / Maint	$	16.47	$	172.58	$	8.52	$	149.83	$	-
		Debt	  $		-	  $	159.11   $	424.10   $	627.66  $		- Sub-Total		$	16.47		$	331.69	$	432.62	$	777.49	$	-	$	347.41	
	$	1,210.87	
	$	1,558.28	
	
52'	Admin / Maint	$	16.47	$	172.58	$	8.52	$	149.83	$	-
		Debt	  $		-	  $	159.11   $	424.10   $	734.04  $		- Sub-Total		$	16.47		$	331.69	$	432.62	$	883.87	$	-	$	347.41	
	$	1,317.25	
	$	1,664.66	
	
62'	Admin / Maint	$	16.47	$	172.58	$	8.52	$	149.83	$	-
		Debt	  $		-	  $	159.11   $	424.10   $	840.42  $		- Sub-Total		$	16.47		$	331.69	$	432.62	$	990.25	$	-	$	347.41	
	$	1,423.63	
	$	1,771.04	
	
65'	Admin / Maint	$	16.47	$	172.58	$	8.52	$	149.83	$	-
		Debt	  $		-	  $	159.11   $	424.10   $	840.42  $		- Sub-Total		$	16.47		$	331.69	$	432.62	$	990.25	$	-	$	347.41	
	$	1,423.63	
	$	1,771.04	
	
70'	Admin / Maint	$	16.47	$	172.58	$	8.52	$	149.83	$	-
		Debt	  $		-	  $	159.11   $	424.10   $	840.42  $		- Sub-Total		$	16.47		$	331.69	$	432.62	$	990.25	$	 -	$	347.41	
	$	1,423.63	
	$	1,771.04	
	
75'	Admin / Maint	$	16.47	$	172.58	$	8.52	$	149.83	$	-
		Debt	  $		-	  $	159.11   $	424.10   $		946.81  $		- Sub-Total		$	16.47		$	331.69	$	432.62	$	1,096.64	$	-	$	347.41	
	$	1,530.02	
	$	1,877.43	
	
80'	Admin / Maint	$	16.47	$	172.58	$	8.52	$	149.83	$	-
		Debt	  $		-	  $	159.11   $	424.10   $		946.81  $		- Sub-Total		$	16.47		$	331.69	$	432.62	$	1,096.64	$	-	$	347.41	
	$	1,530.02	
	$	1,877.43	

Gran Paradiso Assessment Changes	

Total Fiscal Year	
Total Fiscal Year	
Total Change +/(-)	
2021/2022	2022/2023	From Previous	
Assessment	Assessment	Year	
Per Unit	Per Unit	Per Unit	

$	1,866.65	

$	2,023.72	

$	157.06	

$	2,205.67	

$	2,362.74	

$	157.06	

$	2,332.60	

$	2,489.67	

$	157.06	

$	2,000.96	

$	2,158.03	

$	157.06	

$	2,154.02	

$	2,311.09	

$	157.06	

$	1,192.76	

$	1,347.92	

$	155.16	

$	1,192.76	

$	1,347.92	

$	155.16	

$	1,338.36	

$	1,494.26	

$	155.89	

$	1,401.21	

$	1,558.28	

$	157.06	

$	1,507.59	

$	1,664.66	

$	157.06	

$	1,613.97	

$	1,771.04	

$	157.06	

$	1,613.97	

$	1,771.04	

$	157.06	

$	1,613.97	

$	1,771.04	

$	157.06	

$	1,720.36	

$	1,877.43	

$	157.06	

$	1,720.36	

$	1,877.43	

$	157.06	

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 33

 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	2022/2023	2022/2023		2022/2023	2022/2023	2022/2023	2022/2023	2022/2023	
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		$	16.47	$	172.58	$	-	$	-	$	101.36	$	- 35' Villa		Debt	  $		-   $	159.11   $	-   $	 -   $	678.03   $	-
Sub-Total	$	16.47	$	331.69	$	-	$	-	$	779.39	$	-	$	290.41	
	$	837.14	
	$	1,127.55	
			
Renaissance  Admin / Maint	$	16.47	$	172.58
50'			Debt	  $		-   $	159.11  Sub-Total		$	16.47	$		331.69		$	-	$	-	$	101.36	$	-
 $	-   $	-   $	998.94   $	-
$	-	$	-	$	1,100.30	$	-	$	290.41	
			$	1,158.05	
			$	1,448.46	
			
Renaissance  Admin / Maint	$	16.47	$	172.58
60'			Debt	  $		-   $	159.11  Sub-Total		$	16.47	$		331.69		$	-	$	-	$	101.36	$	-
 $	-   $	-   $	1,212.87   $	-
$	-	$	-	$	1,314.23	$	-	$	290.41	
			$	1,371.98	
			$	1,662.39	
			
Oasis	Admin / Maint	$	16.47	$	172.58
60'			Debt	  $		-   $	159.11  Sub-Total		$	16.47	$		331.69		$	-	$	-	$	101.36	$	-
 $	-   $	-   $	829.89   $	-
$	-	$	-	$	931.25	$	-	$	290.41	
			$	989.00	
			$	1,279.41	
			
Oasis	Admin / Maint	$	16.47	$	172.58
70'			Debt	  $		-   $	159.11  Sub-Total		$	16.47	$		331.69		$	-	$	-	$	101.36	$	-
 $	-   $	-   $	980.00   $	-
$	-	$	-	$	1,081.36	$	-	$	290.41	
			$	1,139.11	
			$	1,429.52	
			
Preserve	Admin / Maint	$	16.47	$	172.58
33' Villa			Debt	  $		-   $	159.11  Sub-Total		$	16.47	$		331.69		$	7.63	$	-	$	101.36	$	-
 $	-   $	-   $	424.61   $	-
$	7.63	$	-	$	525.97	$	-	$	298.04	
			$	583.72	
			$	881.76	
			
Preserve	Admin / Maint	$	16.47	$	172.58
50'			Debt	  $		-   $	159.11  Sub-Total		$	16.47	$		331.69		$	7.60	$	-	$	101.36	$	-
 $	-   $	-   $	679.79   $	-
$	7.60	$	-	$	781.15	$	-	$	298.01	
			$	838.90	
			$	1,136.90	

Renaissance, Oasis, & Preserve Assessment Changes	

Total Fiscal Year	
Total Fiscal Year	
Total Change +/(-)	
2021/2022	2022/2023	From Previous	
Assessment	Assessment	Year	
Per Unit	Per Unit	Per Unit	

$	1,032.15	

$	1,127.55	

$	95.40	

$	1,353.06	

$	1,448.46	

$	95.40	

$	1,566.99	

$	1,662.39	

$	95.40	

$	1,184.01	

$	1,279.41	

$	95.40	

$	1,334.12	

$	1,429.52	

$	95.40	

$	779.27	

$	881.76	

$	102.49	

$	1,034.45	

$	1,136.90	

$	102.45	

*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.	

 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	2022/2023	2022/2023		2022/2023	2022/2023	2022/2023	2022/2023	2022/2023	
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	$	16.47  $	172.58  $	-	$	-	$	-	$	139.51
	Debt	  $	-   $	159.11   $	-   $	-   $	-    $	830.00
Sub-Total	$	16.47	$	331.69	$	-	$	-	$	-	$	969.51	$	328.56	
	$	989.11	
	$	1,317.67	
			
74'	Admin / Maint	$	16.47  $	172.58
		Debt	  $		-   $	159.11  Sub-Total		$	16.47	$		331.69		$	-	$	-	$	-	$	139.51
 $	-   $	-   $	-    $	1,228.40
$	-	$	-	$	-	$	1,367.91	$	328.56	
			$	1,387.51	
			$	1,716.07	
			
Coach	Admin / Maint	$	16.47  $	172.58
		Debt	  $		-   $	159.11  Sub-Total		$	16.47	$		331.69		$	-	$	-	$	-	$	139.51
 $	-   $	-   $	-    $	622.50
$	-	$	-	$	-	$	762.01	$	328.56	
			$	781.61	
			$	1,110.17	
			
2-Story	Admin / Maint	$	16.47  $	172.58
		Debt	  $		-   $	159.11  Sub-Total		$	16.47	$		331.69		$	-	$	-	$	-	$	139.51
 $	-   $	-   $	-    $	456.50
$	-	$	-	$	-	$	596.01	$	328.56	
			$	615.61	
			$	944.17	
			
4-Story	Admin / Maint	$	16.47  $	172.58
		Debt	  $		-   $	159.11  Sub-Total		$	16.47	$		331.69		$	-	$	-	$	-	$	139.51
 $	-   $	-   $	-    $	415.00
$	-	$	-	$	-	$	554.51	$	328.56	
			$	574.11	
			$	902.67	
			
Village B	Admin / Maint	$	16.47  $	172.58
50'			Debt	  $		-   $	159.11  Sub-Total		$	16.47	$		331.69		$	-	$	-	$	-	$	139.51
 $	-   $	-   $	-    $	1,660.00
$	-	$	-	$	-	$	1,799.51	$	328.56	
			$	1,819.11	
			$	2,147.67	
			
Village F1	Admin / Maint	$	16.47  $	172.58
37'			Debt	  $		-   $	159.11  Sub-Total		$	16.47	$		331.69		$	-	$	-	$	-	$	139.51
 $	-   $	-   $	-    $	1,245.00
$	-	$	-	$	-	$	1,384.51	$	328.56	
			$	1,404.11	
			$	1,732.67	
			
Village F1	Admin / Maint	$	16.47  $	172.58
50'			Debt	  $		-   $	159.11  Sub-Total		$	16.47	$		331.69		$	-	$	-	$	-	$	139.51
 $	-   $	-   $	-    $	1,660.00
$	-	$	-	$	-	$	1,799.51	$	328.56	
			$	1,819.11	
			$	2,147.67	
			
Village F1	Admin / Maint	$	16.47  $	172.58
60'			Debt	  $		-   $	159.11  Sub-Total		$	16.47	$		331.69		$	-	$	-	$	-	$	139.51
 $	-   $	-   $	-    $	1,992.00
$	-	$	-	$	-	$	2,131.51	$	328.56	
			$	2,151.11	
			$	2,479.67	
			
Village F5	Admin / Maint	$	16.47  $	172.58
Dup/Paired Villas 		Debt	  $		-   $	159.11  Sub-Total		$	16.47	$		331.69		$	-	$	-	$	-	$	139.51
 $	-   $	-   $	-    $	996.00
$	-	$	-	$	-	$	1,135.51	$	328.56	
			$	1,155.11	
			$	1,483.67	
			
Village F5	Admin / Maint	$	16.47  $	172.58
40'			Debt	  $		-   $	159.11  Sub-Total		$	16.47	$		331.69		$	-	$	-	$	-	$	139.51
 $	-   $	-   $	-    $	1,328.00
$	-	$	-	$	-	$	1,467.51	$	328.56	
			$	1,487.11	
			$	1,815.67	
			
Village F5	Admin / Maint	$	16.47  $	172.58
50'			Debt	  $		-   $	159.11  Sub-Total		$	16.47	$		331.69		$	-	$	-	$	-	$	139.51
 $	-   $	-   $	-    $	1,660.00
$	-	$	-	$	-	$	1,799.51	$	328.56	
			$	1,819.11	
			$	2,147.67	

Unit 7 Villages Assessment Changes	

Total Fiscal Year	
Total Fiscal Year	
Total Change +/(-)	
2021/2022	2022/2023	From Previous	
Assessment	Assessment	Year	
Per Unit	Per Unit	Per Unit	

$	1,279.59	

$	1,317.67	

$	38.08	

$	1,677.99	

$	1,716.07	

$	38.08	

$	1,072.09	

$	1,110.17	

$	38.08	

$	906.09	

$	944.17	

$	38.08	

$	864.59	

$	902.67	

$	38.08	

$	2,109.59	

$	2,147.67	

$	38.08	

$	1,694.59	

$	1,732.67	

$	38.08	

$	2,109.59	

$	2,147.67	

$	38.08	

$	2,441.59	

$	2,479.67	

$	38.08	

$	1,445.59	

$	1,483.67	

$	38.08	

$	1,777.59	

$	1,815.67	

$	38.08	

$	2,109.59	

$	2,147.67	

$	38.08	

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

 Assessments - Unit 8 Villages	

Unit 8 Villages Assessment Breakdown	
	District Proper	Unit 1	Unit 2	Unit 3	Unit 4	Unit 7	Unit 8	All Units	
	Total Fiscal Year	Total Fiscal Year	Total Fiscal Year	Total Fiscal Year	Total Fiscal Year	Total Fiscal Year	Total Fiscal Year	Total Fiscal Year	
Product	2022/2023	2022/2023	2022/2023	2022/2023	2022/2023	2022/2023	2022/2023	2022/2023	
Type	Assessment	Assessment	Assessment	Assessment	Assessment	Assessment	Assessment	Assessment	
	Per Unit	Per Unit	Per Unit	Per Unit	Per Unit	Per Unit	Per Unit	Per Unit	
	
50'	Admin / Maint	$	16.47	$	172.58	$	-	$	-	$	-	$	-	$	120.78	$	309.83
	Debt	  $	-   $	159.11   $	-   $	-   $	-   $	-  $	697.38	$	856.49
Sub-Total	$	16.47	$	331.69	$	-	$	-	$	-	$	-	$	818.16	$	1,166.32	
	
$	-	$	-	$	-	$	-	$	120.78	$	309.83
 $	-   $	-   $	-   $	-  $	875.66	$	1,034.77
$	-	$	-	$	-	$	-	$	996.44	$	1,344.60	
75'	Admin / Maint	$	16.47	$	172.58
		Debt	  $		-   $	159.11  Sub-Total		$	16.47	$		331.69		
	
$	-	$	-	$	-	$	-	$	120.78	$	309.83
 $	-   $	-   $	-   $	-  $	613.49	$	772.60
$	-	$	-	$	-	$	-	$	734.27	$	1,082.43	
Coach	Admin / Maint	$	16.47	$	172.58
		Debt	  $		-   $	159.11  Sub-Total		$	16.47	$		331.69		
	
$	-	$	-	$	-	$	-	$	120.78	$	309.83
 $	-   $	-   $	-   $	-  $	524.34	$	683.45
$	-	$	-	$	-	$	-	$	645.12	$	993.28	
2-Story	Admin / Maint	$	16.47	$	172.58
		Debt	  $		-   $	159.11  Sub-Total		$	16.47	$		331.69		
	
$	-	$	-	$	-	$	-	$	120.78	$	309.83
 $	-   $	-   $	-   $	-  $	435.20	$	594.31
$	-	$	-	$	-	$	-	$	555.98	$	904.14	
4-Story	Admin / Maint	$	16.47	$	172.58
		Debt	  $		-   $	159.11  Sub-Total		$	16.47	$		331.69		

Unit 8 Villages Assessment Changes	

Total Fiscal Year	
Total Fiscal Year	
Total Change +/(-)	
2021/2022	2022/2023	From Previous	
Assessment	Assessment	Year	
Per Unit	Per Unit	Per Unit	

$	1,052.32	

$	1,166.32	

$	113.99	

$	1,230.60	

$	1,344.60	

$	113.99	

$	968.43	

$	1,082.43	

$	113.99	

$	879.28	

$	993.28	

$	113.99	

$	790.14	

$	904.14	

$	113.99	

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 36

 Assessments - Thomas 167 & Other	

Thomas 167 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	2022/2023	2022/2023		2022/2023	2022/2023	2022/2023	2022/2023	2022/2023	
Type	Assessment	Assessment		Assessment	Assessment	Assessment	Assessment	Assessment	
	Per Unit	Per Unit		Per Unit	Per Unit	Per Unit	Per Unit	Per Unit	
	
Thomas 167 *	Admin / Maint	$	16.47	$	172.58	$	7.41	$	-	$	-	$	-	$	196.46
Multi		Debt	  $	-   $	159.11   $	368.91   $	-   $	-   $	-   $	528.02 
Family (3 BDR)	Sub-Total	$	16.47	$	331.69	$	376.32	$	-	$	-	$	-	$	724.48	
			
Thomas 167 *	Admin / Maint	$	16.47	$	172.58
Multi			Debt	  $		-   $	159.11  Family (2 BDR)		Sub-Total		$	16.47	$		331.69		$	6.63	$	-	$	-	$	-	$	195.68
 $	329.74   $	-   $	-   $	-   $	488.85 
$	336.37	$	-	$	-	$	-	$	684.53	
			
Thomas 167 *	Admin / Maint	$	16.47	$	172.58
Commercial			Debt	  $		-   $	159.11  Sub-Total		$	16.47	$		331.69		$	258.47	$	-	$	-	$	-	$	447.52
 $	12,863.47   $	-   $	-   $	-   $	13,022.58 
$	13,121.94	$	-	$	-	$	-	$	13,470.10	

Thomas 167 Assessment Changes	

Total Fiscal Year	
Total Fiscal Year	
Total Change +/(-)	
2021/2022	2022/2023	From Previous	
Assessment	Assessment	Year	
Per Unit	Per Unit	Per Unit	

$	622.20	

$	724.48	

$	102.28	

$	582.97	

$	684.53	

$	101.55	

$	13,134.73	

$	13,470.10	

$	335.37	

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	2022/2023	2022/2023	2022/2023	2022/2023	2022/2023	2022/2023	2022/2023	
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	$	16.47	$	172.58	$	-	$	-	$	-	$	-	$	189.05
Boundary		Debt	  $	-   $	159.11   $	-   $	-   $	-   $	-   $	159.11 
Per 1/2 Acre or Less	Sub-Total	$	16.47	$	331.69	$	-	$	-	$	-	$	-	$	348.16	

Land Outside U1		Admin / Maint		$	16.47	$	- Boundary			Debt	  $		-   $	- 
Per 1/2 Acre or Less	Sub-Total	$	16.47	$	-		
	$	-	$	-	$	-	$	-	$	16.47
 $	-   $	-   $	-   $	-   $	- 
$	-	$	-	$	-	$	-	$	16.47	

Undeveloped and/or Unassigned Land Assessment Changes	

Total Fiscal Year	
Total Fiscal Year	
Total Change +/(-)	
2021/2022	2022/2023	From Previous	
Assessment	Assessment	Year	
Per Unit	Per Unit	Per Unit	

$	252.76	

$	348.16	

$	95.40	

$	15.84	

$	16.47	

$	0.63	

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

Notes:	
* Thomas 167 was originally referred to as the "Town Center" in the Unit 2 Methodology and included Town Center Residential and Town Center Commercial	

Page 37

 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.

 Debt Assessment Methodology - Unit 2	

Combined Annual Assessments After Issuance of Bonds

Property	

Units	

Original Number of Units in Area 1	

Number of Units True- up or Paid Off (a)	

Number of Units in Area 1 Par	
Total Maximum Annual Assessment 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	DU	0	0	0	$235.00	$0.00	$0.00	$0.00	
Multi Family 3BDR or larger	DU	76	0	76	$368.91	$28,037.16	$3,744.72	$284,598.86	
Multi Family 2BDR or smaller	DU	140	0	140	$329.74	$46,163.60	$3,347.12	$468,596.24	
Assessable Commercial/Office	AC	92.49	0	92.49	$12,863.47	$1,189,742.35	$130,574.17	$12,076,804.91	
Total Town Center*						$1,263,943.11		$12,830,000.00	

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

Notes:
* This property is no longer reffered to as the "Town Center" . This property is curretley reffered to as the "Thomas 167" area.

 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	

 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.

 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	

Unit 7 Village F1 & F5	

Product Type	
Number of Units	
ERU Factor	
Total ERU	
Gross Assessment Per ERU *	
Gross Assessment Per Unit	
Gross Assessment Per Product Type *	
F1 - 37' SF	102	0.75	76.50	$	830	$	622.50	$	63,495.00	
F1 - 50' SF	92	1.00	92.00	$	830	$	830.00	$	76,360.00	
F1 - 60' SF	76	1.20	91.20	$	830	$	996.00	$	75,696.00	
							
F5 - Duplex/Paired Villa	158	0.60	94.80	$	830	$	498.00	$	78,684.00	
F5 - 40' SF	115	0.80	92.00	$	830	$	664.00	$	76,360.00	
F5 - 50' SF	125	1.00	125.00	$	830	$	830.00	$	103,750.00	
							
Totals	668	.	571.50			474,345.00	

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

 Debt Assessment Methodology - Unit 8	

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	250	1.00	250.00	$	697.38	$	697.38	$	174,345.00	
75' SF	140	1.26	175.79	$	697.38	$	875.66	$	122,592.40	
Coach	268	0.88	235.76	$	697.38	$	613.49	$	164,415.32	
2-Story	268	0.75	201.50	$	697.38	$	524.34	$	140,523.12	
4-Story	390	0.62	243.38	$	697.38	$	435.20	$	169,728.00	
							
Sub Totals	1,316	.	1,106.43			771,603.84	
							
Golf Course (Acres)	128	0.15	19.20	$	697.38	$	-	$	-	
							
Totals	1,444	.	1,125.63			$	-	

*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