West Villages	
Improvement District	

Final Budget For	
Fiscal Year 2023/2024	
October 1, 2023 - September 30, 2024	

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	Final Budget - Unit 8	
11	Final Budget - Unit 9	
12	Budget Comparison	
13	Final Debt Service Fund Budget - Unit 1	
14	Final Debt Service Fund Budget - Unit 2	
15	Final Debt Service Fund Budget - Unit 3	
16	Final Debt Service Fund Budget - Unit 4	
17	Final Debt Service Fund Budget - Unit 5	
18	Final Debt Service Fund Budget - Unit 7	
19	Final Debt Service Fund Budget - Unit 8	
20	Final Debt Service Fund Budget - Unit 9	
21	Assessment Recap - District Proper	
22	Assessment Recap - Unit 1	
23	Assessment Recap - Unit 2 Total Gross	
24	Assessment Recap - Unit 2 Collection Method	
25	Assessment Recap - Unit 3 Total Gross	
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	Assessment Recap - Unit 9 Total Gross	
33	Assessment Recap - Unit 9 Collection Method	
34	Assessments - Islandwalk	
35	Assessments - Gran Paradiso	
36	Assessments - Renaissance, Oasis, Preserve	
37	Assessments - Unit 7 Villages	
38	Assessments - Unit 8 Villages	
39	Assessments - Unit 9 Villages	
40	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	
A-7	Debt Assessment Methodology - Unit 9	

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	265,586	3,402,457	57,293	480,431	107,448	0	130,186	22,479	0	4,465,880	
O & M Direct Bill	24,330	0	0	0	-1,646	0	307,530	126,926	182,155	639,295	
Debt Assessments	0	2,526,589	2,703,324	1,350,786	866,319	0	1,010,915	361,811	0	8,819,744	
Debt Direct Bill	0	0	0	0	23,326	3,625,720	1,556,725	1,515,761	1,169,155	7,890,688	
Interest / Other Incomes	1,000	0	0	435,000	0	0	0	0	0	436,000	
Developer Funding	0	0	0	0	0	51,672	0	0	0	51,672	
 Carry Over From Prior Year 	18,205	0	0	0	0	0	0	0	0		18,205	
 Total Revenues	  $	309,121   $	5,929,047   $	2,760,616   $	2,266,217   $	995,447   $	3,677,392   $	3,005,356   $	2,026,977   $	1,351,310   $  22,321,484 	

 EXPENDITURES		
Infrastructure Maintenance	0	2,894,805	0	350,000	42,250	2,072	336,250	60,250	123,500	3,809,127	
GIS Project	20,000	0	0	0	0	0	0	0	0	20,000	
Engineering	20,000	25,000	2,000	25,000	2,500	2,500	20,000	20,000	5,000	122,000	
Management	60,586	12,005	12,005	12,005	12,005	12,000	12,005	12,005	12,005	156,621	
Operations Administration	36,600	33,300	15,650	17,650	17,650	0	17,650	15,650	15,650	169,800	
Legal	35,000	35,000	10,000	35,000	13,000	0	20,000	15,000	10,000	173,000	
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	73,000	0	0	0	0	0	0	0	0	73,000	
Legal Advertising	5,000	0	0	0	0	0	0	0	0	5,000	
Miscellaneous	5,000	1,700	1,700	1,700	1,700	25,000	5,000	10,000	5,000	56,800	
Postage	3,000	0	0	0	0	0	0	0	0	3,000	
Office Supplies / Marketing	5,000	10,000	0	0	0	0	0	0	0	15,000	
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	
 Contin / Cap Proj / Reimb		0	175,000	0	435,000	0	0	0	0	0		610,000	
 Total Expenditures	  $	293,186   $	3,198,310   $	53,855   $	886,605   $	99,355   $	51,672   $	429,905   $	149,405   $	182,155   $	5,344,448 	

 Excess / (Shortfall)	  $	15,935   $	2,730,737   $	2,706,761   $	1,379,612   $	896,092   $	3,625,720   $	2,575,451   $	1,877,572   $	1,169,155   $  16,977,036 

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)	
Payment to Trustee (Unit 9)	

0	
0	
0	
0	
0	
0	
0	
0	

(2,374,994)	
0	
0	
0	
0	
0	
0	
0	

0	
(2,541,124)	
0	
0	
0	
0	
0	
0	

0	
0	
(1,269,739)	
0	
0	
0	
0	
0	

0	
0	
0	
(837,666)	
0	
0	
0	
0	

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

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

0	
0	
0	
0	
0	
0	
(1,877,572)	
0	

0	
0	
0	
0	
0	
0	
0	
(1,169,155)	

(2,374,994)	
(2,541,124)	
(1,269,739)	
(837,666)	
(3,625,720)	
(2,506,985)	
(1,877,572)	
(1,169,155)	

 BALANCE	  $	15,935   $	355,743   $	165,637   $	109,873   $	58,426   $	-	  $	68,466   $	-	  $	-	  $	774,080 

County Appr & Tax Coll Fee	
Discounts For Early Payments	

(5,312)	
(10,623)	

(118,581)	
(237,162)	

(55,212)	
(110,425)	

(36,624)	
(73,249)	

(19,475)	
(38,951)	

-	
-	

(22,822)	
(45,644)	

-	
-	

-	
-	

(258,027)	
(516,053)	

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

Page 1

Lake / Littoral Maintenance 1, 8, 9	
Mitigation Maintenance	
Road Maintenance / Resurface 2	
Road Reconstruction / Widening 2	
Landscaping 4	
Security Services5	
Street Lighting 6	
Canal Maintenance / Repayment	
Misc Maintenance/Repairs 7	

0	
0	
0	
0	
0	
0	
0	
0	
0	

0	
0	
0	
0	
0	
0	
0	
0	
0	

40,000	
2,250	
0	
0	
0	
0	
0	
0	
0	

2,072	
0	
0	
0	
0	
0	
0	
0	
0	

20,000	
2,250	
0	
0	
314,000	
0	
0	
0	
0	

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

48,500	
0	
0	
0	
75,000	
0	
0	
0	
0	

239,572	
9,000	
506,730	
391,825	
1,866,000	
26,000	
622,000	
48,000	
100,000	

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	

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	

0	
0	
0	
0	
0	
0	
0	
0	
0	

Infrastructure Maintenance Breakdown	

FY 2023 - 2024	
Dist Proper	
Unit 1	
Unit 2	
Unit 3	
Unit 4	
Unit 5	
Unit 7	
Unit 8	Unit 9	Total	
									
 MAINTENANCE EXPENDITURE										

	126,000		0		
	2,250		0		
	156,730		350,000		
	391,825		0		
	1,446,000		0		
	26,000		0		
	598,000		0		
	48,000		0		
	100,000		0		
Total Maintenance Expenditure	$	-	 $ 2,894,805 	 $	-		 $	350,000 	 $	42,250 	 $	2,072 	 $	336,250 	 $	60,250 	 $	123,500 	 $ 3,809,127 	

FY 2022 - 2023	

Dist Proper	

Unit 1	

Unit 2	

Unit 3	

Unit 4	

Unit 5	

Unit 7	

Unit 8	

Unit 9	

Total	
											
 MAINTENANCE EXPENDITURE												
		
110,000		
0						
163,650	
		2,250		0						9,000	
		78,865		100,620						179,485	
		276,028		0						276,028	
		912,000		0						1,222,000	
		26,000		0						26,000	
		464,000		0						488,000	
		48,000		0						48,000	
		50,000		0						50,000	
Total Maintenance Expenditure	$	-	 $ 1,967,143 	 $	-		 $	100,620 	 $	40,650 	 $	10,000 	 $	283,500 	 $	60,250 	 $	-		 $ 2,462,163 	

	NOTES:	
1	Unit 1 Lake maintenance increase from additional ponds West Villlages Parkway, Manasota Beach road, Preto Extensions and removal of Grand Lake per maintnance agreement WP LLLP	
2	Unit 1 Resurfacing from spreadsheet reviewd by board on 2/10/22	
3	Unit 3 Road resurfacing from spreadsheet reviewed by board on 2/10/2022, proposal received 2023 at $1,043,094- (current balance) $496,256= $547,774 DEFICIT	
4	Unit 1 Landscape inlcudes current contract price and additon of West Villages Parkway and Preto extension, Manasota Beach Road, Merlot, Mezzo, Playmore	
5	Security services for openig/closing Blue Heron Park	
6	Street Lighting inlcudes additon of West Villages Parkway and Preto extension, Manasota Beach Road, Merlot, Mezzo	
7	Misc repairs increase Paver repairs, sidewalk repairs, dog park repairs, playground repairs	
8	The total cost of lake maintenance for the Braves pond is $7,400; however pursuant to the Drainage License Agreement, 28% of the total stormwater management costs are being allocated to this budget, and 72%	
	of the costs are allocated to Unit 7 Budget	
9	Pursuant to the Drainage License Agreement, 72% of the total stormwater management costs for the lake maintenance costs for the Braves pond are being allocated to this budget, and 28% allocated to the Unit 5 Budget	
Page 2

 District Proper	

Fiscal Year	Fiscal Year	
2022/2023	2023/2024	
Annual Budget	Annual Budget	

 REVENUES		
O & M Assessments	334,602	265,586	
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	$	378,137	$	309,121	

EXPENDITURES	
GIS Project	40,000	20,000	
Engineering	45,000	20,000	
Management	60,586	60,586	
Operations Administration	31,300	36,600	
Legal	75,000	35,000	
Assessment Roll	7,500	7,500	
Annual Audit	6,000	6,000	
Arbitrage Rebate Fee	0	0	
Rents & Leases	15,000	15,000	
Insurance	47,000	73,000	
Legal Advertising	15,000	5,000	
Miscellaneous	3,175	5,000	
Postage	3,000	3,000	
Office Supplies	8,000	5,000	
Trustee Fees	0	0	
Continuing Disclosure Fee	0	0	
Website	1,500	1,500	
Contingency / Prev Shortfall	0	0	

Total Expenditures	$	358,061	$	293,186	

EXCESS / (SHORTFALL)	$	20,076	$	15,935	
Payment to Trustee	-	-

BALANCE	$	20,076	$	15,935	

County Appraiser & Tax Collector Fee	
Discounts for Early Payments	

(6,692)	
(13,384)	

(5,312)	
(10,623)	

NET EXCESS / (SHORTFALL)	$	-	$	-	

* Fund Balance as of 7-31-23	=	$606,589	

 Unit 1	

Fiscal Year	Fiscal Year	
2022/2023	2023/2024	
Annual Budget	Annual Budget	

 REVENUES		
O & M Assessments	2,161,960	3,402,457	
O & M Direct Bill	43,405	0	
Debt Assessments	2,357,243	2,526,589	
Debt Direct Bill	158,185	0	
Developer Contribution	0	0	
Other Revenues	0	0	
Myakka Pines Cost Share - note 6	0	0	
Carry Over Revenues	0	0	

 Total Revenues	  $	4,720,793 	 $	5,929,047 

 EXPENDITURES		
Infrastructure Maintenance - notes 1,2 & 3	1,967,143	2,894,805	
Engineering	25,000	25,000	
Management	12,005	12,005	
Operations Administration	33,300	33,300	
Legal	25,000	35,000	
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 / Marketing	0	10,000	
Trustee Fees	5,000	5,000	
Continuing Disclosure Fee	500	500	
Website	0	0	
Contin / Cap Proj / ERC - see note 4	0	175,000	

 Total Expenditures	  $	2,075,648 	 $	3,198,310 	
		
EXCESS / (SHORTFALL)	  $	2,645,146 	 $	2,730,737 	

Payment to Trustee	(2,373,994)	
(2,374,994)	
BALANCE	  $	271,152 	 $	355,743 	

 

 

County Appraiser & Tax Collector Fee	
Discounts for Early Payments	

(90,384)	
(180,768)	

(118,581)	
(237,162)	

 NET EXCESS / (SHORTFALL)	  $	-		 $	-		
As of 7/31/23	
General Fund Balance - see note 5 =	($703,055)	
Road Resurfacing Fund Balance =	$741,074	

Note 1: Infrastructure Maintrenance Unit 1 Lake maintenance increase from additional ponds associated with the extensions of West Villlages Parkway, Manasota Beach Road, Preto Blvd, and Playmore. Note, the increase does not include the Grand Lake in Downtown which is paid for in full by Wellen Park, LLLP per a 20-year maintnance agreement entered into in fiscal year 2022/2023.	
Note 2: Infrastructure Maintrenance Unit 1 Resurfacing from spreadsheet reviewd by board on 2/10/22	
Note 3: Infrastructure Maintrenance Unit 1 Landscape inlcudes current contract price and additon of the extensions of West Villages Parkway, Preto Blvd extension, Manasota Beach Road, Merlot, Mezzo, Playmore.	
Note 4: Change in Capital Project cost is to cover one-half of the cost to construct a second stormwater outfall from Island Walk to PIL 1. The remaining one-half will be paid for from Unit 6, based on the belief this is from excess stormwater can be used for irrigation.	
Note 5: Fund balance shortfall is anticipated to be eliminated within the next +/- six months from Insurance reimbursements for costs associated with Hurricane Ian.	
Note 6: Per WVID agreement with Taylor Morrison of Florida, Inc regarding access and maintenance of District roadways and improvements	

 Unit 2	

Fiscal Year	Fiscal Year	
2022/2023	2023/2024	
Annual Budget	Annual Budget	

 REVENUES		
O & M Assessments	56,003	57,293	
O & M Direct Bill	1,213	0	
Debt Assessments	2,696,557	2,703,324	
Debt Direct Bill	60,350	0	
Developer Contribution	0	0	
Other Revenues	0	0	
Carry Over Funds from Prior Year	0	0	
BOND PREPAYMENTS	
PREPAYMENTS SENT TO TRUSTEE	

Total Revenues	$	2,814,123	$	2,760,616	

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 / Capital Projects	0	0	

Total Expenditures	$	53,855	$	53,855	

EXCESS / (SHORTFALL)	$	2,760,268	$	2,706,761	
Payment to Trustee	(2,595,114)	(2,541,124)

BALANCE	$	165,154	$	165,637	

County Appraiser & Tax Collector Fee	
Discounts for Early Payments	

(55,051)	
(110,102)	

(55,212)	
(110,425)	

NET EXCESS / (SHORTFALL)	$	-	$	-	

* Fund Balance as of 7-31-23	=	

$128,549

 Unit 3	

Fiscal Year	Fiscal Year	
2022/2023	2023/2024	
Annual Budget	Annual Budget	

 REVENUES		
O & M Assessments	284,282	480,431	
O & M Direct Bill	0	0	
Debt Assessments	1,338,233	1,350,786	
Debt Direct Bill	0	0	
Developer Contribution	0	0	
Other Revenues / to fund irrigation litigation	0	435,000	
Carry Over Funds from Prior Year	0	0	

 Total Revenues		 $	1,622,515 	 $	2,266,217 

 EXPENDITURES		
Infrastructure Maintenance - note 1	100,620	350,000	
Engineering	25,000	25,000	
Management	12,005	12,005	
Operations Administration	17,650	17,650	
Legal	100,000	35,000	
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	
Reimb to Unit 3 fund balance - note 2	0	435,000	

 Total Expenditures		 $	267,225 	 $	886,605 	
		
EXCESS / (SHORTFALL)		 $	1,355,290 	 $	1,379,612 	

Payment to Trustee	(1,257,939)	
(1,269,739)	
BALANCE		 $	97,351 	 $	109,873 	

 

 

County Appraiser & Tax Collector Fee	
Discounts for Early Payments	

(32,450)	
(64,901)	

(36,624)	
(73,249)	

 NET EXCESS / (SHORTFALL)		 $	-		 $	-		
As of 7/31/23	
General Fund Balance =	$246,679	
Road Resurfacing Fund Balance =	$496,256	

Note 1: Roadway resurfacing budget for 2022/2023 was based on the WVID Engineer's spreadsheet reviewed by board on 2/10/2022. Due to Hurricane Ian, the need to resurface WVID roadways has been accelerated. A proposal received March 2023 to resurface the WVID roadways within GP was
$1,043,094. $1,043,094- (current balance) $496,256= $546,838 DEFICIT. WVID Board has talked about the need to accomplish the resufacing in two phases. Therefore, this budget increase is anticipated to allow for the roadway resurfacing projects to be completed in 2023 & 2024.

Note 2: Legal Fees lawsuit costs are now being handled in Unit 6, with final allocation pending outcome of lawsuit and any appeals.

 Unit 4	

Fiscal Year	Fiscal Year	
2022/2023	2023/2024	
Annual Budget	Annual Budget	

 REVENUES		
O & M Assessments	105,718	107,448	
O & M Direct Bill	-1,620	-1,646	
Debt Assessments	866,319	866,319	
Debt Direct Bill	23,326	23,326	
Developer Contribution	0	0	
Other Revenues	0	0	
Carry Over Funds from Prior Year	0	0	

 Total Revenues		$	993,744	$	995,447	

EXPENDITURES	
Infrastructure Maintenance	40,650	42,250	
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	$	99,355	

 EXCESS / (SHORTFALL)		$	895,989	$	896,092	
Payment to Trustee	(837,666)	(837,666)

 BALANCE		$	58,322	$	58,426	

County Appraiser & Tax Collector Fee	
Discounts for Early Payments	

(19,441)	
(38,881)	

(19,475)	
(38,951)	

 NET EXCESS / (SHORTFALL)		$	-	$	-	

* Fund Balance as of 7-31-23	=	

$206,479

 Unit 5	

Fiscal Year	Fiscal Year	
2022/2023	2023/2024	
Annual Budget	Annual Budget	

 REVENUES		
O & M Assessments	0	0	
O & M Direct Bill	0	0	
Debt Assessments	0	0	
Debt Direct Bill	3,625,720	3,625,720	
Developer Contribution	87,255	51,672	
Other Revenues	0	0	
Carry Over Funds from Prior Year	0	0	

 Total Revenues		$	3,712,975	 $	3,677,392 	

EXPENDITURES	
Infrastructure Maintenance - note 1	10,000	2,072	
Engineering	2,500	2,500	
Management	12,005	12,000	
Operations Administration	17,650	0	
Legal	10,000	0	
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 - note 2	25,000	25,000	
Postage	0	0	
Office Supplies	0	0	
Trustee Fees - Note	800	800	
Trustee Fees - Bonds	4,800	4,800	
Continuing Disclosure Fee	1,500	1,500	
Website	0	0	
Contingency / Prev Shortfall	0	0	

 Total Expenditures		$	87,255	 $	51,672 	

 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 7-31-23	=	

($177,646)

Note 1 -The total cost of lake maintenance for the Braves pond is $7,400; however pursuant to the Drainage	
License Agreement, 28% of the total stormwater management costs are being allocated to this budget, and	
72% of the costs are allocated to Unit 7 Budget	
Note 2 - Fitch Ratings fee of $25,000 per year	

 Unit 7	

Fiscal Year	Fiscal Year	
2022/2023	2023/2024	
Annual Budget	Annual Budget	

 REVENUES		
O & M Assessments	114,212	130,186	
O & M Direct Bill	269,796	307,530	
Debt Assessments	1,010,915	1,010,915	
Debt Direct Bill	1,556,725	1,556,725	
Developer Contribution	0	0	
Other Revenues	0	0	
Carry Over Funds from Prior Year	0	0	

Total Revenues	$	2,951,648	$	3,005,356	

EXPENDITURES	
Infrastructure Maintenance - note 1	283,500	336,250	
Engineering	20,000	20,000	
Management	12,005	12,005	
Operations Administration	17,650	17,650	
Legal	20,000	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	5,000	5,000	
Postage	0	0	
Office Supplies	0	0	
Trustee Fees	12,000	12,000	
Continuing Disclosure Fee	1,000	1,000	
Website	0	0	
Contingency / Prev Shortfall	0	0	

Total Expenditures	$	377,155	$	429,905	

EXCESS / (SHORTFALL)	$	2,574,493	$	2,575,451	
Payment to Trustee	(2,506,985)	(2,506,985)

BALANCE	$	67,508	$	68,466	

County Appraiser & Tax Collector Fee	
Discounts for Early Payments	

(22,503)	
(45,005)	

(22,822)	
(45,644)	

NET EXCESS / (SHORTFALL)	$	-	$	-	

* Fund Balance as of 7-31-23	=	

$293,360

Notr 1 - Pursuant to the Drainage License Agreement, 72% of the total stormwater management costs for the	
lake maintenance costs for the Braves pond of $7,400 are being allocated to this budget ($5,328) , and 28% allocated	
Unit 5 Budget, $2072	
Page 9	

 Unit 8	

Fiscal Year	Fiscal Year	
2022/2023	2023/2024	
Annual Budget	Annual Budget	

 REVENUES		
O & M Assessments	0	22,479	
O & M Direct Bill	149,405	126,926	
Debt Assessments	0	361,811	
Debt Direct Bill	725,308	1,515,761	
Developer Contribution	0	0	
Other Revenues	0	0	
Carry Over Funds from Prior Year	0	0	

 Total Revenues		$	874,713	$	2,026,977	

EXPENDITURES	
Infrastructure Maintenance	60,250	60,250	
Engineering	20,000	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	10,000	10,000	
Continuing Disclosure Fee	500	500	
Website	0	0	
Contingency / Prev Shortfall	0	0	

 Total Expenditures		$	149,405	$	149,405	

 EXCESS / (SHORTFALL)		$	725,308	$	1,877,572	
Payment to Trustee	(725,308)	(1,877,572)

 BALANCE		$	-	$	-	

County Appraiser & Tax Collector Fee	
Discounts for Early Payments	

-	
-	

(7,686)	
(15,372)	

 NET EXCESS / (SHORTFALL)		$	-	$	(23,057)	

* Fund Balance as of 7-31-23	=	

$186,290

 Unit 9	

Fiscal Year	Fiscal Year	
2022/2023	2023/2024	
Annual Budget	Annual Budget	

 REVENUES		
O & M Assessments	0	0	
O & M Direct Bill	53,655	182,155	
Debt Assessments	0	0	
Debt Direct Bill	0	1,169,155	
Developer Contribution	0	0	
Other Revenues	0	0	
Carry Over Funds from Prior Year	0	0	

 Total Revenues		$	53,655	$	1,351,310	

EXPENDITURES	
Infrastructure Maintenance	0	123,500	
Engineering	5,000	5,000	
Management	12,005	12,005	
Operations Administration	15,650	15,650	
Legal	5,000	10,000	
Assessment Roll	1,500	1,500	
Audit Fees	3,000	3,000	
Arbitrage Rebate Fee	1,000	1,000	
Rents & Leases	0	0	
Insurance	0	0	
Legal Advertising	0	0	
Miscellaneous	5,000	5,000	
Postage	0	0	
Office Supplies	0	0	
Trustee Fees	5,000	5,000	
Continuing Disclosure Fee	500	500	
Website	0	0	
Contingency / Prev Shortfall	0	0	

 Total Expenditures		$	53,655	$	182,155	

 EXCESS / (SHORTFALL)		$	-	$	1,169,155	
Payment to Trustee	-	(1,169,155)

 BALANCE		$	-	$	-	

County Appraiser & Tax Collector Fee	
Discounts for Early Payments	

-	
-	

-	
-	

 NET EXCESS / (SHORTFALL)		$	-	$	-	

* Fund Balance as of 7-31-23	=	

($37,379)

Page 11

Budget Comparison			
Fiscal Year	Fiscal Year	Fiscal Year	
2021/2022	2022/2023	2023/2024	
Actual	Annual Budget	Annual Budget	

County Appraiser & Tax Collector Fee	
Discounts for Early Payments	

(71,875)	
(254,022)	

(226,521)	
(453,042)	

(258,027)	
(516,053)	

REVENUES	
O & M Assessments	1,724,299	3,056,776	4,465,880	
O & M Direct Bill	644,094	627,439	639,295	
Debt Assessments	5,703,976	8,269,267	8,819,744	
Debt Direct Bill	1,966,059	6,149,615	7,890,688	
Interest / Other Income	2,093,726	1,000	436,000	
Bond Prepayments	60,776	0	0	
Bond Prepayments Sent to Trustee	(60,776)	0	0	
Developer Funding	1,419,985	0	51,672	
Carry Over Funds from Prior Year	0	18,205	18,205	

Total Revenues

$

13,552,139	$

18,122,303	$

22,321,484

EXPENDITURES	
Infrastructure Maintenance	1,663,991	2,462,163	3,809,127	
GIS Project	0	40,000	20,000	
Engineering	215,932	147,000	122,000	
Management	144,692	156,626	156,621	
Operations Administration	166,500	182,150	169,800	
Legal	266,812	273,000	173,000	
Assessment Roll	16,500	18,000	18,000	
Audit Fees	27,000	30,000	30,000	
Arbitrage Rebate Fee	5,850	10,000	10,000	
Rents & Leases	14,400	15,000	15,000	
Insurance	43,723	47,000	73,000	
Legal Advertising	18,295	15,000	5,000	
Miscellaneous	107,975	54,975	56,800	
Postage	1,262	3,000	3,000	
Office Supplies	2,526	8,000	15,000	
Trustee Fees	42,660	50,100	50,100	
Continuing Disclosure Fee	6,000	6,500	6,500	
Website	1,500	1,500	1,500	
Contingency / Capital Projects / ERC / Reimb to FB	1,250,888	0	610,000	

Total Expenditures	3,996,506	3,520,013	5,344,448	
			
EXCESS / (SHORTFALL)	$	9,555,633	$	14,602,289	$	16,977,036	

Debt Payment to Trustee (All Units)	

(7,533,229)	

(13,922,727)	(16,202,956)	
BALANCE	$	2,022,404	$	679,563	$	774,080	

NET EXCESS / (SHORTFALL)	$	1,696,507	$	-	$	-	

Unit 1 - Debt Service	
Fiscal Year	
2023/2024	
Annual Budget	

REVENUES	
Interest Income	0	
Debt Collections	2,374,994	
Total Revenues	$	2,374,994	

EXPENDITURES	
Principal Payments	1,250,000	
Interest Payments	1,124,994	
Miscellaneous / Extra Redemption	0	
Total Expenditures	$	2,374,994	

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			

Unit 2 - Debt Service		
Series 2019A-1 (Performing)	
Fiscal Year	
2023/2024	
Annual Budget	

 

REVENUES	
Interest Income	0	
Net Debt Collections	1,353,018	
Total Revenues	$	1,353,018	

EXPENDITURES	
Principal Payments	645,000	
Interest Payments	683,243	
Miscellaneous / Extra Redemption	24,775	
Total Expenditures	$	1,353,018	

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	
2023/2024	
Annual Budget	

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

EXPENDITURES	
Principal Payments	580,000	
Interest Payments	607,488	
Miscellaneous / Extra Redemption	619	
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	
2023/2024	
Annual Budget	

 REVENUES		
Interest Income	0	
Net Debt Collections	1,269,739	
Total Revenues	$	1,269,739	

 EXPENDITURES		
Principal Payments	670,000	
Interest Payments	577,485	
Miscellaneous / Extra Redemption	22,254	
Total Expenditures	$	1,269,739	

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	
2023/2024	
Annual Budget	

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

 EXPENDITURES		
Principal Payments	285,000	
Interest Payments	549,988	
Miscellaneous / Extra Redemption	2,679	
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 16

Unit 5 - Debt Service	
Fiscal Year	
2023/2024	
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	590,000	
2017A Interest Payments	406,239	
2017B Principal Payments	1,499,370	
2017B Interest Payments	1,089,226	
Other / Extra Redemption	40,885	
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	
2023/2024	
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	560,000	
2019 Master Interest Payments	1,411,138	
2019 Village B Principal Payments	25,000	
2019 Village B Interest Payments	60,025	
2021 Village F1 & F5 Principal Payments	170,000	
2021 Village F1 & F5 Interest Payments	275,038	
Other / Extra Redemption	5,785	
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			

Series 2021 Village F1 & F5 Bond Information	
Original Par Amount =	$7,975,000	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 18

Unit 8 - Debt Service	
Fiscal Year	
2023/2024	
Annual Budget	

 REVENUES		
Interest	0	
Net Master Debt Collections	725,308	
Net Neighborhood Debt Collections	1,152,264	
Total Revenues	$	1,877,572	

 EXPENDITURES		
2021 Master Principal Payments	275,000	
2021 Master Interest Payments	448,456	
2022 Neighborhood Principal Payments	240,000	
2022 Neighborhood Interest Payments	907,800	

Other / Extra Redemption	6,316	
Total Expenditures	$	1,877,572	

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			

Series 2022 Neighborhood Bond Information	
Original Par Amount =	$17,000,000	Annual Principal Payments Due =	May 1st	
Average Interest Rate =	5.45%	Annual Interest Payments Due =	May 1st & November 1st	
Issue Date =	December 2022			
Maturity Date =	May 2053			

Page 19

Unit 9 - Debt Service	
Fiscal Year	
2023/2024	
Annual Budget	

 REVENUES		
Interest	0	
Net Master Debt Collections	1,169,155	
Total Revenues	$	1,169,155	

 EXPENDITURES		
2023 Master Principal Payments	245,000	
2023 Master Interest Payments	922,547	

Other / Extra Redemption	1,608	
Total Expenditures	$	1,169,155	

Excess / (Shortfall)	$	-	

Series 2023 Master Bond Information	
Original Par Amount =	$17,130,000	Annual Principal Payments Due =	May 1st	
Average Interest Rate =	5.53%	Annual Interest Payments Due =	May 1st & November 1st	
Issue Date =	April 2023			
Maturity Date =	May 2053			

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

Total Fiscal Year	Total Fiscal Year	Total Fiscal Year	Total Fiscal Year	
Lot		2022/2023	2022/2023	2023/2024	2023/2024	
Type	Units	Assessment	Assessment Per Unit	Projected Assessment	Projected Assessment Per Unit	

Developed	Administrative	$	7,761.08	$	14.84	$	6,511.10	$	12.45	
Lots In Unit 1 Only	Debt	523	$	-	$	-	$	-	$	-	
	Sub-Total	$	7,761.08	$	14.84	$	6,511.10	$	12.45	
	
Developed	Administrative	$	27,720.25	$	14.84	$	23,255.72	$	12.45
Lots In Unit 2	Debt	1,868	$	-	$	-	$	-	$	-
Sub-Total	$	27,720.25	$	14.84	$	23,255.72	$	12.45	
	
Developed	Administrative	$	27,111.82	$	14.84	$	24,089.84	$	12.45
Lots In Unit 3	Debt	1,935	$	-	$	-	$	-	$	-
Sub-Total	$	27,111.82	$	14.84	$	24,089.84	$	12.45	
	
Developed	Administrative	$	11,663.87	$	14.84	$	12,984.86	$	12.45
Lots In Unit 4	Debt	1,043	$	-	$	-	$	-	$	-
Sub-Total	$	11,663.87	$	14.84	$	12,984.86	$	12.45	
	
Developed	Administrative	$	153,366.56	$	14.84	$	15,599.26	$	12.45
Lots In Unit 7	Debt	1,253	$	-	$	-	$	-	$	-
Sub-Total	$	153,366.56	$	14.84	$	15,599.26	$	12.45	
	
Developed	Administrative	$	3,042.10	$	14.84	$	2,465.01	$	12.45
Lots In Unit 8	Debt	198	$	-	$	-	$	-	$	-
Sub-Total	$	3,042.10	$	14.84	$	2,465.01	$	12.45	
	
Developed	Administrative	$	1,350.40	$	14.84	$	-	$	12.45
Lots In Unit 9	Debt	0	$	-	$	-	$	-	$	-
Sub-Total	$	1,350.40	$	14.84	$	-	$	12.45	
	
Developed Lots	Administrative	$	-	$	14.84	$	-	$	12.45
In Sarasota County	Debt	0	$	-	$	-	$	-	$	-
(Not in Unit 1)	Sub-Total	$	-	$	14.84	$	-	$	12.45	
	
All Other Acreage	Administrative	$	3,531.81	$	14.84	$	180,680.02	$	12.45
Debt	14,513	$	-	$	-	$	-	$	-
Sub-Total	$	3,531.81	$	14.84	$	180,680.02	$	12.45	

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

 Total		21,333	$	334,601.77	$	265,585.81

Note: The Assessment is calculated by the assessable units. 1 unit = 1/2 acre or less portion.

There are  	21,333.00 	assessable units in the District.	

Page 21

 Assessment Recap - Unit 1		

A	
B	
C	
F	
G	
F	
G	

Total Fiscal Year	Total Fiscal Year	Total Fiscal Year	Total Fiscal Year	
Lot		2022/2023	2022/2023	2023/2024	2023/2024	
Type	Units	Assessment	Assessment Per Unit	Projected Assessment	Projected Assessment Per Unit	

Developed	Administrative	$	69,428.04	$	132.75	$	121,466.57	$	232.25	
Lots In Unit 1 Only	Debt	523	$	75,699.27	$	144.74	$	90,198.37	$	172.46	
	Sub-Total	
$	145,127.31	
$	277.49	
$	211,664.94	
$	404.71	
	
Developed
Lots In Unit 2	Administrative
Debt	
1,868	$	247,976.27
$	270,375.21	$	132.75
$	144.74	$	433,842.36
$	322,161.67	$	232.25
$	172.46	
	Sub-Total		$	518,351.47	$	277.49	$	756,004.02	$	404.71	
	
Developed	Administrative		$	242,533.53
$	264,440.85

$	506,974.38	$	132.75
$	144.74

$	277.49	$	449,403.08
$	333,716.72

$	783,119.80	$	232.25
$	172.46

$	404.71	
Lots In Unit 3	Debt	1,935					
	Sub-Total						
	
Developed
Lots In Unit 4	Administrative
Debt	
1,043	$	104,341.19
$	113,766.01	$	132.75
$	144.74	$	242,236.39
$	179,879.35	$	232.25
$	172.46	
	Sub-Total		$	218,107.20	$	277.49	$	422,115.74	$	404.71	

Developed	Admin / Maint	$	1,371,967.19	$	132.75	$	291,008.82	$	232.25	
Lots In Unit 7	Debt	1,253	$	1,495,892.80	$	144.74	$	216,096.67	$	172.46	
	Sub-Total	$	2,867,859.99	$	277.49	$	507,105.48	$	404.71	
	
Developed	Administrative	$	27,213.67	$	132.75	$	45,985.43	$	232.25
Lots In Unit 8	Debt	198	$	29,671.80	$	144.74	$	34,147.76	$	172.46
Sub-Total	$	56,885.47	$	277.49	$	80,133.19	$	404.71	
	
Developed	Administrative	$	12,080.21	$	132.75	$	-	$	232.25
Lots In Unit 9	Debt	0	$	13,171.38	$	144.74	$	-	$	172.46
Sub-Total	$	25,251.60	$	277.49	$	-	$	404.71	

All Other	Administrative		$	31,594.41	$	132.75	1818514.799	$	232.25	
Unit 1 Acreage	Debt	7,830	$	34,448.23	$	144.74	$	1,350,388.58	$	172.46	
	Sub-Total		
$	66,042.64	
$	277.49	
$	3,168,903.38	
$	404.71	

Total Admin / Maint	
Total Debt	

$	2,161,960.11	
$	2,357,243.36	

$	3,402,457.45	
$	2,526,589.11	

 Total		14,650	$	4,519,203.47	 $	5,929,046.55 

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

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

There are  	14,650.00 	assessable units in Unit 1.	

Assessment Recap - Unit 2 (Total Gross)
A	B	C	E	F	I	H	I

Total Fiscal Year	Total Fiscal Year	Total Fiscal Year	
Lot		Admin / Maint Assessment		2022/2023	2023/2024	2023/2024	
Type	Percentage	Allocation	Units	Per Unit	Projected Assessment	Projected Per Unit	

2019 A-1 (Performing)

Island Walk	Admin / Maint	1,750	$	7.63	$	13,595.14	$	7.77	
Single	Debt	23.73%	13,595.14	1,747	$	379.89	$	663,667.83	$	379.89	
			
Family	Sub-Total	$	387.52	$	677,262.97	$	387.66	
	
Island Walk	Admin / Maint	$	7.60	$	911.98	$	7.73
Multi	Debt	1.59%	911.98	118	$	378.22	$	44,629.96	$	378.22
Family	Sub-Total	$	385.82	$	45,541.94	$	385.95	

Gran Paradiso	Admin / Maint	1,090	$	8.52	$	9,448.66	$	8.67	
Single	Debt	16.49%	9,448.66	1,064	$	424.10	$	451,242.40	$	424.10	
			
Family	Sub-Total	$	432.62	$	460,691.06	$	432.77	

Gran Paradiso	Admin / Maint	$	7.26	$	1,921.07	$	7.39	
Multi	Debt	3.35%	1,921.07	260	$	361.34	$	93,948.40	$	361.34	

Family (3 BDR)	
Sub-Total	$	368.60	$	95,869.47	$	368.73	
	
Gran Paradiso Multi	Admin / Maint Debt	
6.73%	
3,854.48	585
577	$	6.47
$	322.17	$	3,854.48
$	185,892.09	$	6.59
$	322.17	
Family (2 BDR)	Sub-Total				$	328.64	$	189,746.57	$	328.76	

Preserve	Admin / Maint	$	7.63	$	854.55	$	7.77	
Single	Debt	1.49%	854.55	110	$	-	$	-	$	-	

Family	
Sub-Total	$	7.63	$	854.55	$	7.77	
	
Preserve	Admin / Maint	$	7.60	$	873.34	$	7.73
Multi	Debt	1.52%	873.34	113	$	-	$	-	$	-
Family	Sub-Total	$	7.60	$	873.34	$	7.73	

2019 A-2 (Non Performing)

Thomas 167 *	Admin / Maint	$	7.41	$	572.94	$	7.54	
Multi	Debt	1.00%	572.94	76	$	368.91	$	28,037.16	$	368.91	

Family (3 BDR)	
Sub-Total	$	376.32	$	28,610.10	$	376.45	
	
Thomas 167 *	Admin / Maint				$	6.63	$	943.44	$	6.74	
Multi	Debt	1.65%	943.44	140	$	329.74	$	46,163.60	$	329.74	
Family (2 BDR)	Sub-Total				$	336.37	$	47,107.04	$	336.48	
	
Thomas 167 *	Admin / Maint				$	258.47	$	24,316.95	$	262.91	
Commercial	Debt	42.44%	24,316.95	92.49	$	12,863.47	$	1,189,742.34	$	12,863.47	
	Sub-Total				$	13,121.94	$	1,214,059.29	$	13,126.38	

$	57,292.55	
$	2,703,323.78	

Total	100.00%	$	57,292.55	4,334	$	2,758,888.44

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

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 37 units with pre-paid bonds.		
3 unit in Island Walk Single Family	
26 unit in the Gran Paradiso Single Family	
8 unit in the Gran Paradiso Multi Family	

Page 23

ISLAND WALK ON ROLL
	GROSS	

ISLAND WALK
 DIRECT BILL GROSS 

GRAN PARADISO ON ROLL GROSS

GRAN PARADISO DIRECT BILL GROSS

1,090 $  9,448.66
 1,064  $ 451,242.40
$ 460,691.06

$

8.67

$  424.10
$  432.77

$
$
$

-
-
-

PRESERVE ON ROLL GROSS

PRESERVE DIRECT BILL GROSS

TOWN CENTER ON ROLL GROSS

TOWN CENTER DIRECT BILL GROSS

A

B

C

D

E

F

G

H

I

	TOTAL GROSS	

$  14,507.12
$ 708,297.79

$
$

-
-

Island Walk Direct Bill Net
$	-
$	-

$

-

$

-

$  15,224.21
$ 731,082.89

$	-
$	-

Gran Paradiso Direct Bill Net
$	-
$	-

$  1,727.89
$	- 

$
$

-
-

Preserve Direct Bill Net
$	-
$	-

$

57,292.55

$	2,703,323.78

$  25,833.33
$1,263,943.10

$
$

-
-

$	-

Town Center Direct Bill Net
$	-
$	-

Total	4,049	$	2,758,888.44

2019 A-2 (Non Performing)

2019 A-1 (Performing)

432.77

$

460,691.06

$

Family

$	424.10

$	451,242.40

8.67

$

9,448.66

$

Admin / Maint	1,090
Debt	 1,064 
Sub-Total

Gran Paradiso
Single

Assessment Recap - Unit 2 (Collection Method)

	Total Fiscal Year	Total Fiscal Year	
Lot		2023/2024	2023/2024	
Type	Units	Projected Assessment	Projected Per Unit	

Island Walk	Admin / Maint	1,750	$	13,595.14	$	7.77	
Single	Debt	 1,747 	$	663,667.83	$	379.89	

Family	
Sub-Total		$	677,262.97	$	387.66	
	
Island Walk	Admin / Maint		$	911.98	$	7.73	
Multi	Debt	118	$	44,629.96	$	378.22	
Family	Sub-Total		$	45,541.94	$	385.95	

1,750 $  13,595.14	$	7.77
 1,747  $ 663,667.83	$  379.89
$ 677,262.97	$  387.66	
	
$	911.98	$	7.73
118  $ 44,629.96	$  378.22
$ 45,541.94	$  385.95	

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

Gran Paradiso	Admin / Maint		$	1,921.07	$	7.39	
Multi	Debt	280	$	93,948.40	$	361.34	

Family (3 BDR)	
Sub-Total		$	95,869.47	$	368.73	
	
Gran Paradiso	Admin / Maint	280	$	3,854.48	$	6.59	
Multi	Debt	 577 	$	185,892.09	$	322.17	
Family (2 BDR)	Sub-Total		$	189,746.57	$	328.76	

	$  1,921.07	$	7.39	
260	 $ 93,948.40	$  361.34	
	$ 95,869.47	$  368.73	
	
585	$  3,854.48	$	6.59	
 577 	$ 185,892.09	$  322.17	
	$ 189,746.57	$  328.76	

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

Preserve	Admin / Maint		$	854.55	$	7.77	
Single	Debt	110	 $	- 	$	- 	

Family	
Sub-Total		$	854.55	$	7.77	
	
Preserve	Admin / Maint		$	873.34	$	7.73	
Multi	Debt	113	 $	- 	$	- 	
Family	Sub-Total		$	873.34	$	7.73	

110	$	854.55
$	- 
$	854.55	$	7.77
$	- 
$	7.77	

113	$	873.34
$	- 
$	873.34	$	7.73
$	- 
$	7.73	

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

Thomas 167 * Multi

Family (3 BDR)	Admin / Maint Debt

Sub-Total	
76	$	572.94
$	28,037.16
$	28,610.10	$	7.54
$	368.91
$	376.45	
$	-	
Thomas 167 * Multi
Family (2 BDR)	Admin / Maint Debt
Sub-Total	
140	$	943.44
$	46,163.60
$	47,107.04	$	6.74
$	329.74
$	336.48	
$	-	
Thomas 167 *	Admin / Maint		$	24,316.95	$	262.91	
Commercial	Debt	92	$	1,189,742.34	$	12,863.47	
	Sub-Total		$	1,214,059.29	$	13,126.38	

	$	572.94	$	7.54	
76	 $ 28,037.16	$  368.91	
	$ 28,610.10	$  376.45	
	
	$	943.44	$	6.74	
140	 $ 46,163.60	$  329.74	
	$ 47,107.04	$  336.48	
	
	$  24,316.95	$  262.91	
92	$1,189,742.34	$ 12,863.47	
	$1,214,059.29	$ 13,126.38	

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

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 37 units with pre-paid bonds.			
3 unit in Island W alk Single Family
26 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	
2022/2023	

Total Fiscal Year	Total Fiscal Year 2023/2024		2023/2024
Product	Total		Projected	Projected	
Category	Type	Units	Assessment Per Unit	Assessment	Assessment Per Unit	

Pre Lennar		2 Bdr Sam 35	Admin / Maint	5	$	148.45	$	1,241.42	$	248.28	
			Debt	4	$	1,093.10	$	4,372.40	$	1,093.10	
				
			Sub-Total	$	1,241.55	$	5,613.82	$	1,341.38	
		
		3 Bdr Sam 70	Admin / Maint	6	$	148.45	$	1,489.71	$	248.28
Debt	5	$	1,432.12	$	7,160.60	$	1,432.12
 	 
Sub-Total	$	1,580.57	$	8,650.31	$	1,680.40	
		
		3 Bdr Sam 80	Admin / Maint	5	$	148.45	$	1,241.42	$	248.28
Debt	4	$	1,559.05	$	6,236.20	$	1,559.05
 
Sub-Total	$	1,707.50	$	7,477.62	$	1,807.33	
		
		3 Bdr Lee 45	Admin / Maint	$	148.45	$	993.14	$	248.28
Debt	4	$	1,227.41	$	4,909.64	$	1,227.41
 		
Sub-Total	$	1,375.86	$	5,902.78	$	1,475.69	
		
		3 Bdr Lee 65	Admin / Maint	10	$	148.45	$	2,482.85	$	248.28
Debt	8	$	1,380.47	$	11,043.76	$	1,380.47
 	
Sub-Total	$	1,528.92	$	13,526.61	$	1,628.75	

	Total	 	Pre Lennar	

30

Gross

$
$

7,448.54
33,722.60	Gross

Lennar		35'	Admin / Maint	333	$	148.45	$	82,678.80	$	248.28	
			Debt	326	$	521.28	$	169,937.28	$	521.28	
				
			Sub-Total	$	669.73	$	252,616.08	$	769.56	
		
		Townhome	Admin / Maint	252	$	148.45	$	62,567.74	$	248.28
Debt	251	$	521.28	$	130,841.28	$	521.28
Sub-Total	$	669.73	$	193,409.02	$	769.56	
		
		Coach	Admin / Maint	$	148.45	$	64,554.02	$	248.28
Debt	260	$	627.66	$	163,191.60	$	627.66
Sub-Total	$	776.11	$	227,745.62	$	875.94	
		
		45'	Admin / Maint	$	148.45	$	14,648.80	$	248.28
Debt	59	$	627.66	$	37,031.94	$	627.66
Sub-Total	$	776.11	$	51,680.74	$	875.94	
		
		52'	Admin / Maint	337	$	148.45	$	83,671.94	$	248.28
Debt	333	$	734.04	$	244,435.32	$	734.04
Sub-Total	$	882.49	$	328,107.26	$	982.32	
		
		62'	Admin / Maint	289	$	148.45	$	71,754.27	$	248.28
Debt	278	$	840.42	$	233,636.76	$	840.42
 		
Sub-Total	$	988.87	$	305,391.03	$	1,088.70	
		
		65'	Admin / Maint	53	$	148.45	$	13,159.09	$	248.28
Debt	52	$	840.42	$	43,701.84	$	840.42
 	 
Sub-Total	$	988.87	$	56,860.93	$	1,088.70	
		
		70'	Admin / Maint	56	$	148.45	$	13,903.94	$	248.28
Debt	55	$	840.42	$	46,223.10	$	840.42
 	 
Sub-Total	$	988.87	$	60,127.04	$	1,088.70	
		
		75'	Admin / Maint	201	$	148.45	$	49,160.37	$	248.28
Debt	198	$	946.81	$	187,468.38	$	946.81
 		
Sub-Total	$	1,095.26	$	236,628.75	$	1,195.09	
		
		80'	Admin / Maint	65	$	148.45	$	16,138.50	$	248.28
Debt	64	$	946.81	$	60,595.84	$	946.81
 		
Sub-Total	$	1,095.26	$	76,734.34	$	1,195.09	

	Total	 	Lennar		
1,905	Gross	$	472,237.46	
			$  1,317,063.34	

	
			
 TOTAL GROSS 	1,935	Total Gross	$	480,430.85	
			$  1,350,785.94	

	
			
 TOTAL NET		1,935	Total Net	$	451,605.00	
			$  1,269,738.78	

Gross

Total Gross

Total Net

There are 34 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, 4 units are SF
52', 11 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, 1 Unit is a 70', and 1 unit is a SF 80'.	

Page 25	

Assessment is calculated by the 2014 Revised Unit 3 Special Methodology Report Revised Methodology Report Tables 2 & 3 Attached

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

Total Fiscal Year	
2022/2023	

Total Fiscal Year	Total Fiscal Year 2023/2024		2023/2024
Product	Total		Projected	Projected	
Subdivision	Type	Units	Assessment Per Unit	Assessment	Assessment Per Unit	

Renaissance		35' Villas	Admin / Maint	$	101.36	$	23,076.11	$	103.02	
			Debt	224	$	678.03	$	151,879.15	$	678.03	
			Sub-Total	$	779.39	$	174,955.26	$	781.05	
		
		50' SF	Admin / Maint	273	$	101.36	$	28,124.00	$	103.02
Debt	  272  $	998.94	$	272,709.57	$	998.94
Sub-Total	$	1,100.30	$	300,833.58	$	1,101.95	
		
		60' SF	Admin / Maint	$	101.36	$	19,882.54	$	103.02
Debt	193	$	1,212.87	$	234,084.36	$	1,212.87
Sub-Total	$	1,314.23	$	253,966.90	$	1,315.89	

Total		Renaissance		 690 	Gross	$	71,082.65	Gross	
	$	658,673.09	

Oasis		60' SF	Admin / Maint	$	101.36	$	9,477.69	$	103.02	
			Debt	92	$	829.89	$	76,350.21	$	829.89	
			Sub-Total	$	931.25	$	85,827.90	$	932.91	
		
		70' SF	Admin / Maint	$	101.36	$	4,532.81	$	103.02
Debt	44	$	980.00	$	43,120.00	$	980.00
Sub-Total	$	1,081.36	$	47,652.81	$	1,083.02	

Total		Oasis		 136 	Gross	$	14,010.49	Gross	
	$	119,470.21	

Preserve		33' Villas	Admin / Maint	$	101.36	$	9,271.65	$	103.02	
			Debt	90	$	424.61	$	38,214.57	$	424.61	
			Sub-Total	$	525.97	$	47,486.22	$	527.62	
		
		50' SF	Admin / Maint	$	101.36	$	11,332.02	$	103.02
Debt	110	$	679.79	$	74,776.60	$	679.79
Sub-Total	$	781.15	$	86,108.61	$	782.81	

Total		Preserve		 200 	Gross	$	20,603.67	Gross	
	$	112,991.17	

TOTAL GROSS	 1,026   Total Gross	$	105,696.81	Total Gross	
$	891,134.47	

TOTAL NET	 1,026   Total Net	$	99,355.00	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	
			2023/2024	2023/2024		2023/2024	2023/2024	
	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	$	23,076.11	$	103.02
$	678.03	
			Debt	224	$	151,879.15		
			Sub-Total	$	174,955.26	$	781.05	
		
		50' SF	Admin / Maint	273	$	28,124.00
Debt	272	$	272,709.57
Sub-Total	$	300,833.58	$	103.02
$	998.94	
			$	1,101.95	
		
		60' SF	Admin / Maint	$	19,882.54
Debt	193	$	234,084.36
Sub-Total	$	253,966.90	$	103.02
$	1,212.87	
			$	1,315.89	

	$  28,433.06	$	103.02	
276	$ 187,136.81	$	678.03	
	$ 215,569.87	$	781.05	
	
251	$  25,857.60	$	103.02	
250	$ 249,734.04	$	998.94	
	$ 275,591.64	$	1,101.95	
	
	$  15,864.82	$	103.02	
154	$ 186,782.34	$	1,212.87	
	$ 202,647.16	$	1,315.89	

$	(5,356.95)	
 $	(35,257.66)	
$	(40,614.61)

$	2,266.40
 $	22,975.53
$	25,241.94

$	4,017.71
 $	47,302.02
$	51,319.74	

	Total	  Renaissance 	 690   $	71,082.65	Gross	 681   $  70,155.48	Platted On Roll	$	927.16 Direct Bill	
$	658,673.09	$ 623,653.19  Gross	 $	35,019.89 Gross	

Oasis		60' SF	Admin / Maint	$	9,477.69	$	103.02
$	829.89	
			Debt	92	$	76,350.21		
			Sub-Total	$	85,827.90	$	932.91	
		
		50' SF	Admin / Maint	$	-
Debt	0	$	-
Sub-Total	$	-	$	103.02
$	691.58	
			$	794.60	
		
		70' SF	Admin / Maint	$	4,532.81
Debt	44	$	43,120.00
Sub-Total	$	47,652.81	$	103.02
$	980.00	
			$	1,083.02	

$	7,829.39	$	103.02	
76	$  63,071.91	$	829.89	
$  70,901.31	$	932.91	
	
	$	1,751.31	$	103.02	
17	$  11,756.86	$	691.58	
	$  13,508.17	$	794.60	
	
	$	4,738.84	$	103.02	
46	$  45,080.00	$	980.00	
	$  49,818.84	$	1,083.02	

$	1,648.29	
 $	13,278.30	
$	14,926.59

$	(1,751.31)
 $	(11,756.86)
$	(13,508.17)

$	(206.04)
 $	(1,960.00)
$	(2,166.04)	

	Total	 	Oasis		 136   $	14,010.49	Gross	 139   $  14,319.55	Platted On Roll	$	(309.05) Direct Bill	
$	119,470.21	$ 119,908.77  Gross	 $	(438.56) Gross	

Preserve		33' Villas	Admin / Maint	$	9,271.65	$	103.02
$	424.61	
			Debt	90	$	38,214.57		
			Sub-Total	$	47,486.22	$	527.62	
		
		50' SF	Admin / Maint	$	11,332.02
Debt	110	$	74,776.60
Sub-Total	$	86,108.61	$	103.02
$	679.79	
			$	782.81	

$  11,641.07	$	103.02	
113	$  47,980.52	$	424.61	
$  59,621.59	$	527.62	
	
	$  11,332.02	$	103.02	
110	$  74,776.60	$	679.79	
	$  86,108.61	$	782.81	

$	(2,369.42)	
 $	(9,765.95)	
$	(12,135.37)

$	-
 $	- 
$	-	

	Total	 	Preserve		 200   $	20,603.67	Gross	 223   $  22,973.09	Platted On Roll	$	(2,369.42) Direct Bill	
$	112,991.17	$ 122,757.12  Gross	 $	(9,765.95) Gross	

 TOTAL GROSS	 1,026 	$	105,696.81		 1,043 	$ 107,448.12	Total Platted On	$	(1,751.31) Total Direct	
$	891,134.47	$ 866,319.08	Roll Gross	 $	24,815.38 Bill Gross	

 TOTAL NET		 1,026 	$	99,355.00		 1,043 	$ 101,001.23	Total Platted On	$	(1,646.23) Total Direct	
$	837,666.40	$ 814,339.94	Roll Net	$	23,326.46 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'	

Assessment Recap - Unit 7 (Total Gross)	

A	
B	
C	
D	
E	
F	

Total Fiscal Year	
2022/2023	

Total Fiscal Year	Total Fiscal Year 2023/2024		2023/2024
Product	Total		Projected	Projected	
Type	Units	Assessment Per Unit	Assessment	Assessment Per Unit	

Unit 7 Master

50' Single Family	Admin / Maint		$	139.51	$	301,663.73	$	159.02	
	Debt	1,897	$	830.00	$ 1,574,510.00	$	830.00	
	Sub-Total		$	969.51	$ 1,876,173.73	$	989.02	
	
74' Single Family	Admin / Maint		$	139.51	$	12,244.65	$	159.02	
	Debt	77	$	1,228.40	 $	94,586.80	$	1,228.40	
	Sub-Total		$	1,367.91	$	106,831.45	$	1,387.42	
	
Coach	Admin / Maint		$	139.51	$	34,348.64	$	159.02	
	Debt	216	$	622.50	$	134,460.00	$	622.50	
	Sub-Total		$	762.01	$	168,808.64	$	781.52	
	
2-Story Units	Admin / Maint		$	139.51	$	47,070.35	$	159.02	
	Debt	296	$	456.50	$	135,124.00	$	456.50	
	Sub-Total		$	596.01	$	182,194.35	$	615.52	
	
4-Story Units	Admin / Maint		$	139.51	$	62,018.37	$	159.02	
	Debt	390	$	415.00	$	161,850.00	$	415.00	
	Sub-Total		$	554.51	$	223,868.37	$	574.02	
	
Total		2,876		$	457,345.74
$ 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	
*0.75 ERU*	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	

	

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	
		2023/2024	2023/2024		2023/2024	2023/2024	
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		$	301,663.73	$	159.02	
or 50' SF Equivalents	Debt	1,897	$ 1,574,510.00	$	830.00	
	Sub-Total		$ 1,876,173.73	$	989.02	
	
74' Single Family	Admin / Maint		$	12,244.65	$	159.02	
	Debt	77	$	94,586.80	$	1,228.40	
	Sub-Total		$	106,831.45	$	1,387.42	
	
Coach	Admin / Maint		$	34,348.64	$	159.02	
	Debt	216	$	134,460.00	$	622.50	
	Sub-Total		$	168,808.64	$	781.52	
	
2-Story Units	Admin / Maint		$	47,070.35	$	159.02	
	Debt	296	$	135,124.00	$	456.50	
	Sub-Total		$	182,194.35	$	615.52	
	
4-Story Units	Admin / Maint		$	62,018.37	$	159.02	
	Debt	390	$	161,850.00	$	415.00	
	Sub-Total		$	223,868.37	$	574.02	

818.67		$	130,186.11	$	159.02	
797.77		$	662,149.10	$	830.00	
		$	792,335.21	$	989.02	
			
		$	-	$	159.02	
0.00		$	- 	$	1,228.40	
		$	-	$	1,387.42	
			
		$	-	$	159.02	
0.00		$	- 	$	622.50	
		$	-	$	781.52	
			
		$	-	$	159.02	
0.00		$	- 	$	456.50	
		$	-	$	615.52	
			
		$	-	$	159.02	
0.00		$	- 	$	415.00	
		$	-	$	574.02	

$	171,477.62	
$	912,360.90	
$ 1,083,838.52	
	
$	12,244.65
$	94,586.80
$	106,831.45	
	
$	34,348.64
$	134,460.00
$	168,808.64	
	
$	47,070.35
$	135,124.00
$	182,194.35	
	
$	62,018.37
$	161,850.00
$	223,868.37	

 TOTAL GROSS		  2,876 	$	457,345.74	Total Gross	818.67	$	130,186.11	Total Platted On	$	327,159.64  Total Direct	
 $ 2,100,530.80  		797.77	 $	662,149.10 	Roll Gross	$ 1,438,381.70 Bill Gross	

 TOTAL NET		  2,876 	$	429,905.00	Total Net	818.67	$	122,374.94	Total Platted On	$	307,530.06  Total Direct	
 $ 1,974,498.95  		797.77	 $	622,420.15 	Roll Net	$  1,352,078.80 Bill Net	

Unit 7 Village B

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

111	$	92,130.00	$	830.00	
$	92,130.00	$	830.00	

$	- 	
$	-	

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

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

Unit 7 Village F1 & F5

F1 - 37 ' Single Family	Debt	102	$	63,495.00	$	622.50	
*0.75 ERU*	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	

48	$	29,880.00	$	622.50	
$	29,880.00	$	622.50	
72	$	59,760.00	$	830.00	
$	59,760.00	$	830.00	
67	$	66,732.00	$	996.00	
$	66,732.00	$	996.00	
	
64	$	31,872.00	$	498.00	
$	31,872.00	$	498.00	
43	$	28,552.00	$	664.00	
$	28,552.00	$	664.00	
48	$	39,840.00	$	830.00	
$	39,840.00	$	830.00	

$	33,615.00	
$	33,615.00	
$	16,600.00	
$	16,600.00	
$	8,964.00	
$	8,964.00	
	
$	46,812.00	
$	46,812.00	
$	47,808.00	
$	47,808.00	
$	63,910.00	
$	63,910.00	

 TOTAL GROSS		 668 	Total Gross	342	Total Platted On	Total Direct
 $	474,345.00  		 $	256,636.00 	Roll Gross	$	217,709.00 Bill Gross	

 TOTAL NET		 668 	Total Net	342	Total Platted On	Total Direct
 $	445,884.30  		 $	241,237.84 	Roll Net	$	204,646.46 Bill Net	

Assessment Recap - Unit 8 (Total Gross)	

A	
B	
C	
D	
E	
F	

Total Fiscal Year	
2022/2023	

Total Fiscal Year	Total Fiscal Year 2023/2024		2023/2024
Product	Total		Projected	Projected	
Type	Units	Assessment Per Unit	Assessment	Assessment Per Unit	

Unit 8 Master

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

Unit 8 Neighborhood Debt

52' Single Family	Debt	259	$	- 	$	272,548.29	$	1,052.31	
	Sub-Total	$	-	$	272,548.29	$	1,052.31	
	
75' Single Family	Debt	166	$	- 	$	219,339.12	$	1,321.32
Sub-Total	$	-	$	219,339.12	$	1,321.32	
	
Coach	Debt	300	$	- 	$	277,716.00	$	925.72
Sub-Total	$	-	$	277,716.00	$	925.72	
	
2-Story Units	Debt	228	$	- 	$	180,395.88	$	791.21
Sub-Total	$	-	$	180,395.88	$	791.21	
	
4-Story Units	Debt	420	$	- 	$	275,814.00	$	656.70
Sub-Total	$	-	$	275,814.00	$	656.70	
	
Total	1,373	$	-	Gross
$  1,225,813.29	

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	
		2023/2024	2023/2024		2023/2024	2023/2024	
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	

$	13,526.94	$	120.78	
112	$	78,106.56	$	697.38	
$	91,633.50	$	818.16	
	
	$	10,386.75	$	120.78	
86	$	75,306.76	$	875.66	
	$	85,693.51	$	996.44	
	
	$	-	$	120.78	
0	 $	- 	$	613.49	
	$	-	$	734.27	
	
	$	-	$	120.78	
0	 $	- 	$	524.34	
	$	-	$	645.12	
	
	$	-	$	120.78	
0	 $	- 	$	435.20	
	$	-	$	555.98	

$	16,667.12	
$	96,238.44	
$  112,905.56	
	
$	6,521.92
$	47,285.64
$	53,807.56	
	
$	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	 198 	$	23,913.69	Total Platted On Roll	$  135,027.80 Total Direct Bill	
 $  771,603.84  		 $	153,413.32 	Gross	$  618,190.52 Gross	

 TOTAL NET		 1,316   $  149,405.00  Total Net	 198 	$	22,478.87	Total Platted On Roll	$	126,926.13 Total Direct Bill Net	
 $  725,307.61  		 $	144,208.52 	Net	$	581,099.09	

Unit 8 Neighborhood

52' Single Family	Debt	259	 $  272,548.29  $	1,052.31	
	Sub-Total	$  272,548.29  $	1,052.31	
	
75' Single Family	Debt	166	 $  219,339.12  $	1,321.32
Sub-Total	$  219,339.12  $	1,321.32	
	
Coach	Debt	300	 $  277,716.00  $	925.72
Sub-Total	$  277,716.00  $	925.72	
	
2-Story Units	Debt	228	 $  180,395.88  $	791.21
Sub-Total	$  180,395.88  $	791.21	
	
4-Story Units	Debt	420	 $  275,814.00  $	656.70
Sub-Total	$  275,814.00  $	656.70	

112	$	117,858.72	$	1,052.31	
	$	117,858.72	$	1,052.31	
	
86	$	113,633.52	$	1,321.32	
	$	113,633.52	$	1,321.32	
	
0	 $	- 	$	925.72	
	$	-	$	925.72	
	
0	 $	- 	$	791.21	
	$	-	$	791.21	
	
0	 $	- 	$	656.70	
	$	-	$	656.70	

 $  154,689.57	
$  154,689.57	
	
 $  105,705.60
$  105,705.60	
	
 $  277,716.00
$  277,716.00	
	
 $  180,395.88
$  180,395.88	
	
 $  275,814.00
$  275,814.00	

 TOTAL GROSS	

 1,373 

Total Gross
 $ 1,225,813.29  	

  198 

 $	231,492.24 

Total Platted On Roll Gross

Total Direct Bill
$  994,321.05 Gross

 TOTAL NET	

 1,373 

Total Net
 $ 1,152,264.49  	

  198 

Total Platted On Roll Net

Total Direct Bill Net

 $	217,602.71 

$	934,661.79

Page 31

Assessment Recap - Unit 9 (Total Gross)	

A	
B	
C	
D	
E	
F	

Total Fiscal Year	
2022/2023	

Total Fiscal Year	Total Fiscal Year 2023/2024		2023/2024
Product	Total		Projected	Projected	
Type	Units	Assessment Per Unit	Assessment	Assessment Per Unit	

Unit 9 Master

50' Single Family	Admin / Maint	$	-	$	60,275.96	$	264.37	
	Debt	228	$	-	$	400,041.96	$	1,754.57	
	 	
Sub-Total	$	-	$	460,317.92	$	2,018.94	
	
62' Single Family	Admin / Maint	$	-	$	25,643.72	$	264.37
Debt	97	$	-	$	211,039.99	$	2,175.67
 	
Sub-Total	$	-	$	236,683.71	$	2,440.04	
	
75' Single Family	Admin / Maint	$	-	$	21,413.83	$	264.37
Debt	81	$	-	$	213,180.66	$	2,631.86
 	
Sub-Total	$	-	$	234,594.49	$	2,896.23	
	
85' Single Family	Admin / Maint	$	-	$	16,655.20	$	264.37
Debt	63	$	-	$	187,914.51	$	2,982.77
 	
Sub-Total	$	-	$	204,569.71	$	3,247.14	
	
Coach	Admin / Maint	$	-	$	69,793.21	$	264.37
Debt	264	$	-	$	231,604.56	$	877.29
 	
Sub-Total	$	-	$	301,397.77	$	1,141.66	
	
Total	733	$	193,781.91	Gross
$	1,243,781.68	

Page 30

Unit 9 Master

Assessment Recap - Unit 9 (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	
		2023/2024	2023/2024		2023/2024	2023/2024	
Product	Total	Projected	Projected	Platted	Platted	Platted	
Type	Units	Assessment	Assessment Per Unit	Units	Assessment	Assessment Per Unit	

50' Single Family	Admin / Maint		$	60,275.96	$	264.37	
	Debt	228	$	400,041.96	$	1,754.57	
	Sub-Total		$	460,317.92	$	2,018.94	
	
62' Single Family	Admin / Maint		$	25,643.72	$	264.37	
	Debt	97	$	211,039.99	$	2,175.67	
	Sub-Total		$	236,683.71	$	2,440.04	
	
75' Single Family	Admin / Maint		$	21,413.83	$	264.37	
	Debt	81	$	213,180.66	$	2,631.86	
	Sub-Total		$	234,594.49	$	2,896.23	
	
85' Single Family	Admin / Maint		$	16,655.20	$	264.37	
	Debt	63	$	187,914.51	$	2,982.77	
	Sub-Total		$	204,569.71	$	3,247.14	
	
Coach	Admin / Maint		$	69,793.21	$	264.37	
	Debt	264	$	231,604.56	$	877.29	
	Sub-Total		$	301,397.77	$	1,141.66	

0		$	-	$	264.37	
		$	-	$	1,754.57	
		$	-	$	2,018.94	

0		$	-	$	264.37
$	-	$	2,175.67
$	-	$	2,440.04	

0		$	-	$	264.37
$	-	$	2,631.86
$	-	$	2,896.23	

0		$	-	$	264.37
$	-	$	2,982.77
$	-	$	3,247.14	

0		$	-	$	264.37
$	-	$	877.29
$	-	$	1,141.66	

$	60,275.96	
 $	400,041.96	
$	460,317.92	
	
$	25,643.72
 $	211,039.99
$	236,683.71	
	
$	21,413.83
 $	213,180.66
$	234,594.49	
	
$	16,655.20
 $	187,914.51
$	204,569.71	
	
$	69,793.21
 $	231,604.56
$	301,397.77	

 TOTAL GROSS		  733	 $	193,781.91	Total Gross	0	$	-	Total Platted On Roll	$	193,781.91  Total Direct Bill	

 $  1,243,781.68  		 $	-		Gross	$  1,243,781.68 Gross	

 TOTAL NET		  733		$	182,155.00	Total Net	0	$	-	Total Platted On Roll	$	182,155.00  Total Direct Bill Net	
 $  1,169,154.78  		
 $	-		Net	$  1,169,154.78	

Page 33

 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	2023/2024		2023/2024	2023/2024	2023/2024	2023/2024	
Type	Assessment		Assessment	Assessment	Assessment	Assessment	
	Per Unit		Per Unit	Per Unit	Per Unit	Per Unit	
	
Single	Admin / Maint	$	12.45
Family		Debt	  $	-	
Sub-Total	$	12.45		$	232.25
$	172.46
$	404.71	$	7.77	$	-
 $	379.89   $	-	
$	387.66	$	-	$	252.47	
				$	552.35	
				$	804.82	
Multi	Admin / Maint	$	12.45
Family		Debt	  $	-	
Sub-Total	$	12.45		
$	232.25
$	172.46
$	404.71		
			$	7.73	$	-
 $	378.22   $	-	
$	385.95	$	-	$	252.43	
				$	550.68	
				$	803.11	
Any Lot Outside  Admin / Maint	$	12.45
Unit 2 Boundary 	Debt	  $	-	
Sub-Total	$	12.45		
$	232.25
$	172.46
$	404.71		
			$	-	$	-
 $	-	  $	-	
$	-	$	-	$	244.70	
				$	172.46	
				$	417.16	

Island Walk Assessment Changes	

Total Fiscal Year	
Total Fiscal Year	
Total Change +/(-)	
2022/2023	2023/2024	From Previous	
Assessment	Assessment	Year	
Per Unit	Per Unit	Per Unit	

$	679.85	

$	804.82	

$	124.97	

$	678.15	

$	803.11	

$	124.96	

$	292.33	

$	417.16	

$	124.83	

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 34

 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			2023/2024		2023/2024		2023/2024		2023/2024		2023/2024	2023/2024	
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		$	12.45		$	232.25		$	8.67		$	248.28		$	-	$	501.65	
	Debt		$	-		$	172.46		$	424.10		$	1,093.10		$	-	$	1,689.66	
	Sub-Total		$	12.45		$	404.71		$	432.77		$	1,341.38		$	-	$	2,191.31	
	
3 Bdr Sam 70	Admin / Maint		$	12.45		$	232.25		$	8.67		$	248.28		$	-	$	501.65	
	Debt		$	-		$	172.46		$	424.10		$	1,432.12		$	-	$	2,028.68	
	Sub-Total		$	12.45		$	404.71		$	432.77		$	1,680.40		$	-	$	2,530.33	
	
3 Bdr Sam 80	Admin / Maint		$	12.45		$	232.25		$	8.67		$	248.28		$	-	$	501.65	
	Debt		$	-		$	172.46		$	424.10		$	1,559.05		$	-	$	2,155.61	
	Sub-Total		$	12.45		$	404.71		$	432.77		$	1,807.33		$	-	$	2,657.26	
	
3 Bdr Lee 45	Admin / Maint		$	12.45		$	232.25		$	8.67		$	248.28		$	-	$	501.65	
	Debt		$	-		$	172.46		$	424.10		$	1,227.41		$	-	$	1,823.97	
	Sub-Total		$	12.45		$	404.71		$	432.77		$	1,475.69		$	-	$	2,325.62	
	
3 Bdr Lee 65	Admin / Maint		$	12.45		$	232.25		$	8.67		$	248.28		$	-	$	501.65	
	Debt		$	-		$	172.46		$	424.10		$	1,380.47		$	-	$	1,977.03	
	Sub-Total		$	12.45		$	404.71		$	432.77		$	1,628.75		$	-	$	2,478.68	
	
35'	Admin / Maint		$	12.45		$	232.25		$	6.59		$	248.28		$	-	$	499.57	
	Debt		$	-		$	172.46		$	322.17		$	521.28		$	-	$	1,015.91	
	Sub-Total		$	12.45		$	404.71		$	328.76		$	769.56		$	-	$	1,515.48	
	
Townhome	Admin / Maint		$	12.45		$	232.25		$	6.59		$	248.28		$	-	$	499.57	
	Debt		$	-		$	172.46		$	322.17		$	521.28		$	-	$	1,015.91	
	Sub-Total		$	12.45		$	404.71		$	328.76		$	769.56		$	-	$	1,515.48	
	
Coach	Admin / Maint		$	12.45		$	232.25		$	7.39		$	248.28		$	-	$	500.37	
	Debt		$	-		$	172.46		$	361.34		$	627.66		$	-	$	1,161.46	
	Sub-Total		$	12.45		$	404.71		$	368.73		$	875.94		$	-	$	1,661.83	
	
45'	Admin / Maint		$	12.45		$	232.25		$	8.67		$	248.28		$	-	$	501.65	
	Debt		$	-		$	172.46		$	424.10		$	627.66		$	-	$	1,224.22	
	Sub-Total		$	12.45		$	404.71		$	432.77		$	875.94		$	-	$	1,725.87	
	
52'	Admin / Maint		$	12.45		$	232.25		$	8.67		$	248.28		$	-	$	501.65	
	Debt		$	-		$	172.46		$	424.10		$	734.04		$	-	$	1,330.60	
	Sub-Total		$	12.45		$	404.71		$	432.77		$	982.32		$	-	$	1,832.25	
	
62'	Admin / Maint		$	12.45		$	232.25		$	8.67		$	248.28		$	-	$	501.65	
	Debt		$	-		$	172.46		$	424.10		$	840.42		$	-	$	1,436.98	
	Sub-Total		$	12.45		$	404.71		$	432.77		$	1,088.70		$	-	$	1,938.63	
	
65'	Admin / Maint		$	12.45		$	232.25		$	8.67		$	248.28		$	-	$	501.65	
	Debt		$	-		$	172.46		$	424.10		$	840.42		$	-	$	1,436.98	
	Sub-Total		$	12.45		$	404.71		$	432.77		$	1,088.70		$	-	$	1,938.63	
	
70'	Admin / Maint		$	12.45		$	232.25		$	8.67		$	248.28		$	-	$	501.65	
	Debt		$	-		$	172.46		$	424.10		$	840.42		$	-	$	1,436.98	
	Sub-Total		$	12.45		$	404.71		$	432.77		$	1,088.70		$	-	$	1,938.63	
	
75'	Admin / Maint		$	12.45		$	232.25		$	8.67		$	248.28		$	-	$	501.65	
	Debt		$	-		$	172.46		$	424.10		$	946.81		$	-	$	1,543.37	
	Sub-Total		$	12.45		$	404.71		$	432.77		$	1,195.09		$	-	$	2,045.02	
	
80'	Admin / Maint		$	12.45		$	232.25		$	8.67		$	248.28		$	-	$	501.65	
	Debt		$	-		$	172.46		$	424.10		$	946.81		$	-	$	1,543.37	
	Sub-Total		$	12.45		$	404.71		$	432.77		$	1,195.09		$	-	$	2,045.02	

Gran Paradiso Assessment Changes	

Total Fiscal Year	
Total Fiscal Year	
Total Change +/(-)	
2022/2023	2023/2024	From Previous	
Assessment	Assessment	Year	
Per Unit	Per Unit	Per Unit	

$	1,966.50	

$	2,191.31	

$	224.81	

$	2,305.52	

$	2,530.33	

$	224.81	

$	2,432.45	

$	2,657.26	

$	224.81	

$	2,100.81	

$	2,325.62	

$	224.81	

$	2,253.87	

$	2,478.68	

$	224.81	

$	1,290.70	

$	1,515.48	

$	224.78	

$	1,290.70	

$	1,515.48	

$	224.78	

$	1,437.04	

$	1,661.83	

$	224.79	

$	1,501.06	

$	1,725.87	

$	224.81	

$	1,607.44	

$	1,832.25	

$	224.81	

$	1,713.82	

$	1,938.63	

$	224.81	

$	1,713.82	

$	1,938.63	

$	224.81	

$	1,713.82	

$	1,938.63	

$	224.81	

$	1,820.21	

$	2,045.02	

$	224.81	

$	1,820.21	

$	2,045.02	

$	224.81	

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

Page 35

 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			2023/2024	2023/2024		2023/2024	2023/2024		2023/2024		2023/2024	2023/2024	
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		$	12.45	$	232.25		$	-	$	-		$	103.02		$	-	$	347.72	
35' Villa	Debt		$	-	$	172.46		$	-	$	-		$	678.03		$	-	$	850.49	
	Sub-Total		$	12.45	$	404.71		$	-	$	-		$	781.05		$	-	$	1,198.21	
			
Renaissance	Admin / Maint		$	12.45	$	232.25		$	-	$	-		$	103.02		$	-	$	347.72	
50'	Debt		$	-	$	172.46		$	-	$	-		$	998.94		$	-	$	1,171.40	
	Sub-Total		$	12.45	$	404.71		$	-	$	-		$	1,101.95		$	-	$	1,519.11	
			
Renaissance	Admin / Maint		$	12.45	$	232.25		$	-	$	-		$	103.02		$	-	$	347.72	
60'	Debt		$	-	$	172.46		$	-	$	-		$	1,212.87		$	-	$	1,385.33	
	Sub-Total		$	12.45	$	404.71		$	-	$	-		$	1,315.89		$	-	$	1,733.05	
			
Oasis	Admin / Maint		$	12.45	$	232.25		$	-	$	-		$	103.02		$	-	$	347.72	
60'	Debt		$	-	$	172.46		$	-	$	-		$	829.89		$	-	$	1,002.35	
	Sub-Total		$	12.45	$	404.71		$	-	$	-		$	932.91		$	-	$	1,350.07	
			
Oasis	Admin / Maint		$	12.45	$	232.25		$	-	$	-		$	103.02		$	-	$	347.72	
70'	Debt		$	-	$	172.46		$	-	$	-		$	980.00		$	-	$	1,152.46	
	Sub-Total		$	12.45	$	404.71		$	-	$	-		$	1,083.02		$	-	$	1,500.18	
			
Preserve	Admin / Maint		$	12.45	$	232.25		$	7.73	$	-		$	103.02		$	-	$	355.45	
33' Villa	Debt		$	-	$	172.46		$	-	$	-		$	424.61		$	-	$	597.07	
	Sub-Total		$	12.45	$	404.71		$	7.73	$	-		$	527.62		$	-	$	952.51	
			
Preserve	Admin / Maint		$	12.45	$	232.25		$	7.77	$	-		$	103.02		$	-	$	355.49	
50'	Debt		$	-	$	172.46		$	-	$	-		$	679.79		$	-	$	852.25	
	Sub-Total		$	12.45	$	404.71		$	7.77	$	-		$	782.81		$	-	$	1,207.73	

Renaissance, Oasis, & Preserve Assessment Changes	

Total Fiscal Year	
Total Fiscal Year	
Total Change +/(-)	
2022/2023	2023/2024	From Previous	
Assessment	Assessment	Year	
Per Unit	Per Unit	Per Unit	

$	1,071.72	

$	1,198.21	

$	126.49	

$	1,392.63	

$	1,519.11	

$	126.49	

$	1,606.56	

$	1,733.05	

$	126.49	

$	1,223.58	

$	1,350.07	

$	126.49	

$	1,373.69	

$	1,500.18	

$	126.49	

$	825.93	

$	952.51	

$	126.58	

$	1,081.07	

$	1,207.73	

$	126.66	

*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 36

 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			2023/2024	2023/2024		2023/2024	2023/2024		2023/2024		2023/2024	2023/2024	
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		$	12.45	$	232.25		$	-	$	-		$	-		$	159.02	$	403.72	
	Debt		$	-	$	172.46		$	-	$	-		$	-		$	830.00	$	1,002.46	
	Sub-Total		$	12.45	$	404.71		$	-	$	-		$	-		$	989.02	$	1,406.18	
			
74'	Admin / Maint		$	12.45	$	232.25		$	-	$	-		$	-		$	159.02	$	403.72	
	Debt		$	-	$	172.46		$	-	$	-		$	-		$	1,228.40	$	1,400.86	
	Sub-Total		$	12.45	$	404.71		$	-	$	-		$	-		$	1,387.42	$	1,804.58	
			
Coach	Admin / Maint		$	12.45	$	232.25		$	-	$	-		$	-		$	159.02	$	403.72	
	Debt		$	-	$	172.46		$	-	$	-		$	-		$	622.50	$	794.96	
	Sub-Total		$	12.45	$	404.71		$	-	$	-		$	-		$	781.52	$	1,198.68	
			
2-Story	Admin / Maint		$	12.45	$	232.25		$	-	$	-		$	-		$	159.02	$	403.72	
	Debt		$	-	$	172.46		$	-	$	-		$	-		$	456.50	$	628.96	
	Sub-Total		$	12.45	$	404.71		$	-	$	-		$	-		$	615.52	$	1,032.68	
			
4-Story	Admin / Maint		$	12.45	$	232.25		$	-	$	-		$	-		$	159.02	$	403.72	
	Debt		$	-	$	172.46		$	-	$	-		$	-		$	415.00	$	587.46	
	Sub-Total		$	12.45	$	404.71		$	-	$	-		$	-		$	574.02	$	991.18	
			
Village B	Admin / Maint		$	12.45	$	232.25		$	-	$	-		$	-		$	159.02	$	403.72	
50'	Debt		$	-	$	172.46		$	-	$	-		$	-		$	1,660.00	$	1,832.46	
	Sub-Total		$	12.45	$	404.71		$	-	$	-		$	-		$	1,819.02	$	2,236.18	
			
Village F1	Admin / Maint		$	12.45	$	232.25		$	-	$	-		$	-		$	159.02	$	403.72	
37'	Debt		$	-	$	172.46		$	-	$	-		$	-		$	1,245.00	$	1,417.46	
	Sub-Total		$	12.45	$	404.71		$	-	$	-		$	-		$	1,404.02	$	1,821.18	
			
Village F1	Admin / Maint		$	12.45	$	232.25		$	-	$	-		$	-		$	159.02	$	403.72	
50'	Debt		$	-	$	172.46		$	-	$	-		$	-		$	1,660.00	$	1,832.46	
	Sub-Total		$	12.45	$	404.71		$	-	$	-		$	-		$	1,819.02	$	2,236.18	
			
Village F1	Admin / Maint		$	12.45	$	232.25		$	-	$	-		$	-		$	159.02	$	403.72	
60'	Debt		$	-	$	172.46		$	-	$	-		$	-		$	1,992.00	$	2,164.46	
	Sub-Total		$	12.45	$	404.71		$	-	$	-		$	-		$	2,151.02	$	2,568.18	
			
Village F5	Admin / Maint		$	12.45	$	232.25		$	-	$	-		$	-		$	159.02	$	403.72	
Dup/Paired Villas	Debt		$	-	$	172.46		$	-	$	-		$	-		$	996.00	$	1,168.46	
	Sub-Total		$	12.45	$	404.71		$	-	$	-		$	-		$	1,155.02	$	1,572.18	
			
Village F5	Admin / Maint		$	12.45	$	232.25		$	-	$	-		$	-		$	159.02	$	403.72	
40'	Debt		$	-	$	172.46		$	-	$	-		$	-		$	1,328.00	$	1,500.46	
	Sub-Total		$	12.45	$	404.71		$	-	$	-		$	-		$	1,487.02	$	1,904.18	
			
Village F5	Admin / Maint		$	12.45	$	232.25		$	-	$	-		$	-		$	159.02	$	403.72	
50'	Debt		$	-	$	172.46		$	-	$	-		$	-		$	1,660.00	$	1,832.46	
	Sub-Total		$	12.45	$	404.71		$	-	$	-		$	-		$	1,819.02	$	2,236.18	

Unit 7 Villages Assessment Changes	

Total Fiscal Year	
Total Fiscal Year	
Total Change +/(-)	
2022/2023	2023/2024	From Previous	
Assessment	Assessment	Year	
Per Unit	Per Unit	Per Unit	

$	1,261.84	

$	1,406.18	

$	144.34	

$	1,660.24	

$	1,804.58	

$	144.34	

$	1,054.34	

$	1,198.68	

$	144.34	

$	888.34	

$	1,032.68	

$	144.34	

$	846.84	

$	991.18	

$	144.34	

$	2,091.84	

$	2,236.18	

$	144.34	

$	1,676.84	

$	1,821.18	

$	144.34	

$	2,091.84	

$	2,236.18	

$	144.34	

$	2,423.84	

$	2,568.18	

$	144.34	

$	1,427.84	

$	1,572.18	

$	144.34	

$	1,759.84	

$	1,904.18	

$	144.34	

$	2,091.84	

$	2,236.18	

$	144.34	

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 37

 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			2023/2024	2023/2024	2023/2024		2023/2024		2023/2024		2023/2024		2023/2024		2023/2024	
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		$	12.45	$	232.25	$	-		$	-		$	-		$	-		$	120.78		$	365.48	
	Debt		$	-	$	172.46	$	-		$	-		$	-		$	-		$	1,749.69		$	1,922.15	
	Sub-Total		$	12.45	$	404.71	$	-		$	-		$	-		$	-		$	1,870.47		$	2,287.63	
												
75'	Admin / Maint		$	12.45	$	232.25	$	-		$	-		$	-		$	-		$	120.78		$	365.48	
	Debt		$	-	$	172.46	$	-		$	-		$	-		$	-		$	2,196.98		$	2,369.44	
	Sub-Total		$	12.45	$	404.71	$	-		$	-		$	-		$	-		$	2,317.76		$	2,734.92	
												
Coach	Admin / Maint		$	12.45	$	232.25	$	-		$	-		$	-		$	-		$	120.78		$	365.48	
	Debt		$	-	$	172.46	$	-		$	-		$	-		$	-		$	1,539.21		$	1,711.67	
	Sub-Total		$	12.45	$	404.71	$	-		$	-		$	-		$	-		$	1,659.99		$	2,077.15	
												
2-Story	Admin / Maint		$	12.45	$	232.25	$	-		$	-		$	-		$	-		$	120.78		$	365.48	
	Debt		$	-	$	172.46	$	-		$	-		$	-		$	-		$	1,315.55		$	1,488.01	
	Sub-Total		$	12.45	$	404.71	$	-		$	-		$	-		$	-		$	1,436.33		$	1,853.49	
												
4-Story	Admin / Maint		$	12.45	$	232.25	$	-		$	-		$	-		$	-		$	120.78		$	365.48	
	Debt		$	-	$	172.46	$	-		$	-		$	-		$	-		$	1,091.90		$	1,264.36	
	Sub-Total		$	12.45	$	404.71	$	-		$	-		$	-		$	-		$	1,212.68		$	1,629.84	

Unit 8 Villages Assessment Changes	

Total Fiscal Year	
Total Fiscal Year	
Total Change +/(-)	
2022/2023	2023/2024	From Previous	
Assessment	Assessment	Year	
Per Unit	Per Unit	Per Unit	

$	1,110.49	

$	2,287.63	

$	1,177.14	

$	1,288.77	

$	2,734.92	

$	1,446.15	

$	1,026.60	

$	2,077.15	

$	1,050.55	

$	937.45	

$	1,853.49	

$	916.04	

$	848.31	

$	1,629.84	

$	781.53	

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 38

 Assessments - Unit 9 Villages	

Unit 9 Villages Assessment Breakdown	
			District Proper	Unit 1		Unit 2	Unit 3		Unit 4		Unit 7		Unit 8	Unit 9	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	Total Fiscal Year	
Product			2023/2024	2023/2024		2023/2024	2023/2024		2023/2024		2023/2024		2023/2024	2023/2024	2023/2024	
Type			Assessment	Assessment		Assessment	Assessment		Assessment		Assessment		Assessment	Assessment	Assessment	
			Per Unit	Per Unit		Per Unit	Per Unit		Per Unit		Per Unit		Per Unit	Per Unit	Per Unit	
	
50'	Admin / Maint		$	12.45	$	232.25		$	-	$	-		$	-		$	-		$	-	$	264.37	$	509.07	
	Debt		$	-	$	172.46		$	-	$	-		$	-		$	-		$	-	$	1,754.57	$	1,927.03	
	Sub-Total		$	12.45	$	404.71		$	-	$	-		$	-		$	-		$	-	$	2,018.94	$	2,436.10	
			
62'	Admin / Maint		$	12.45	$	232.25		$	-	$	-		$	-		$	-		$	-	$	264.37	$	509.07	
	Debt		$	-	$	172.46		$	-	$	-		$	-		$	-		$	-	$	2,175.67	$	2,348.13	
	Sub-Total		$	12.45	$	404.71		$	-	$	-		$	-		$	-		$	-	$	2,440.04	$	2,857.20	
			
75'	Admin / Maint		$	12.45	$	232.25		$	-	$	-		$	-		$	-		$	-	$	264.37	$	509.07	
	Debt		$	-	$	172.46		$	-	$	-		$	-		$	-		$	-	$	2,631.86	$	2,804.32	
	Sub-Total		$	12.45	$	404.71		$	-	$	-		$	-		$	-		$	-	$	2,896.23	$	3,313.39	
			
85'	Admin / Maint		$	12.45	$	232.25		$	-	$	-		$	-		$	-		$	-	$	264.37	$	509.07	
	Debt		$	-	$	172.46		$	-	$	-		$	-		$	-		$	-	$	2,982.77	$	3,155.23	
	Sub-Total		$	12.45	$	404.71		$	-	$	-		$	-		$	-		$	-	$	3,247.14	$	3,664.30	
			
Coach	Admin / Maint		$	12.45	$	232.25		$	-	$	-		$	-		$	-		$	-	$	264.37	$	509.07	
	Debt		$	-	$	172.46		$	-	$	-		$	-		$	-		$	-	$	877.29	$	1,049.75	
	Sub-Total		$	12.45	$	404.71		$	-	$	-		$	-		$	-		$	-	$	1,141.66	$	1,558.82	

Unit 9 Villages Assessment Changes	

Total Fiscal Year	
Total Fiscal Year	
Total Change +/(-)	
2022/2023	2023/2024	From Previous	
Assessment	Assessment	Year	
Per Unit	Per Unit	Per Unit	

$	-	

$	2,436.10	

$	2,436.10	

$	-	

$	2,857.20	

$	2,857.20	

$	-	

$	3,313.39	

$	3,313.39	

$	-	

$	3,664.30	

$	3,664.30	

$	-	

$	1,558.82	

$	1,558.82	

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 39

 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	2023/2024	2023/2024		2023/2024	2023/2024	2023/2024	2023/2024	2023/2024	
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	$	12.45	$	232.25	$	7.54	$	-	$	-	$	-	$	252.24
Multi		Debt	  $	-   $	172.46   $	368.91   $	-   $	-   $	-   $	541.37 
Family (3 BDR)	Sub-Total	$	12.45	$	404.71	$	376.45	$	-	$	-	$	-	$	793.61	
			
Thomas 167 *	Admin / Maint	$	12.45	$	232.25
Multi			Debt	  $		-   $	172.46  Family (2 BDR)		Sub-Total		$	12.45	$		404.71		$	6.74	$	-	$	-	$	-	$	251.44
 $	329.74   $	-   $	-   $	-   $	502.20 
$	336.48	$	-	$	-	$	-	$	753.64	
			
Thomas 167 *	Admin / Maint	$	12.45	$	232.25
Commercial			Debt	  $		-   $	172.46  Sub-Total		$	12.45	$		404.71		$	262.91	$	-	$	-	$	-	$	507.61
 $	12,863.47   $	-   $	-   $	-   $	13,035.93 
$	13,126.38	$	-	$	-	$	-	$	13,543.54	

Thomas 167 Assessment Changes	

Total Fiscal Year	
Total Fiscal Year	
Total Change +/(-)	
2022/2023	2023/2024	From Previous	
Assessment	Assessment	Year	
Per Unit	Per Unit	Per Unit	

$	668.65	

$	793.61	

$	124.96	

$	628.70	

$	753.64	

$	124.94	

$	13,414.27	

$	13,543.54	

$	129.27	

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	2023/2024	2023/2024	2023/2024	2023/2024	2023/2024	2023/2024	2023/2024	
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 Boundary
Per 1/2 Acre or Less	Admin / Maint
		Debt	 Sub-Total	$	12.45
 $	- 
$	12.45	$	232.25
 $	172.46 
$	404.71	$	-
 $	- 
$	-	$	-
 $	- 
$	-	$	-
 $	- 
$	-	$	-	$	244.70
 $	-   $	172.46 
$	-	$	417.16	

Land Outside U1 Boundary
Per 1/2 Acre or Less	
Admin / Maint
		Debt	 Sub-Total	
$	12.45
 $	- 
$	12.45	
$	-
 $	- 
$	-		
				$	-
 $	- 
$	-	$	-
 $	- 
$	-	$	-
 $	- 
$	-	$	-	$	12.45
 $	-   $	- 
$	-	$	12.45	

Undeveloped and/or Unassigned Land Assessment Changes	

Total Fiscal Year	
Total Fiscal Year	
Total Change +/(-)	
2022/2023	2023/2024	From Previous	
Assessment	Assessment	Year	
Per Unit	Per Unit	Per Unit	

$	292.33	

$	417.16	

$	124.83	

$	14.84	

$	12.45	

$	(2.39)	

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 40

 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.

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	

 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	$	830.00	$	1,574,510	
74' SF	77	1.48	114	$	830	$	1,228.40	$	94,587	
Coach	216	0.75	162	$	830	$	622.50	$	134,460	
2-Story	296	0.55	163	$	830	$	456.50	$	135,124	
4-Story	390	0.50	195	$	830	$	415.00	$	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.

A-5

 Debt Assessment Methodology - Unit 8	

Unit 8 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			$	-	

Unit 8 Neighborhood Bond	

Product Type	
Number of Units	
ERU Factor	
Total ERU	
Gross Assessment Per ERU *	
Gross Assessment Per Unit	
Gross Assessment Per Product Type *	
52' SF	259	1.00	259.00	$	1,052.31	$	1,052.31	$	272,548.29	
75' SF	166	1.26	208.44	$	1,052.31	$	1,321.32	$	219,339.12	
Coach	300	0.88	263.91	$	1,052.31	$	925.72	$	277,716.00	
2-Story	228	0.75	171.43	$	1,052.31	$	791.21	$	180,395.88	
4-Story	420	0.62	262.10	$	1,052.31	$	656.70	$	275,814.00	
							
Sub Totals	1,373	.	1,164.88			1,225,813.29	
							
Golf Course (Acres)	128	0.15	19.20	$	1,052.31	$	-	$	-	
							
Totals	1,501	.	1,184.08			$	-	

*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 9	

Unit 9 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	228	1.00	228.00	$	1,755	$	1,755	$	400,042	
62' SF	97	1.24	120.28	$	1,755	$	2,176	$	211,040	
75' SF	81	1.50	121.50	$	1,755	$	2,632	$	213,181	
85' SF	63	1.70	107.10	$	1,755	$	2,983	$	187,915	
Coach	264	0.50	132.00	$	1,755	$	877	$	231,605	
							
Totals	733	.	708.88			1,243,782	

*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-7