WEST VILLAGES IMPROVEMENT DISTRICT

CITY OF NORTH PORT SARASOTA COUNTY REGULAR BOARD MEETING NOVEMBER 9, 2023
10:00 A.M.

Special District Services, Inc.
The Oaks Center 2501A Burns Road
Palm Beach Gardens, FL 33410

www.westvillagesid.org 561.630.4922 Telephone 877.SDS.4922 Toll Free 561.630.4923 Facsimile

AGENDA
WEST VILLAGES IMPROVEMENT DISTRICT
Chambers Room – City of North Port 4970 City Hall Boulevard North Port, Florida 34286
REGULAR BOARD MEETING & ATTORNEY-CLIENT SESSION
November 9, 2023
10:00 a.m.

Call to Order
Proof of Publication…	Page 1
Establish Quorum
Discussion Regarding Public Decorum at Board Meetings…	Page 2
Comments from the Public on All Agenda Items
Approval of Minutes
June 19, 2023 Budget Workshop Minutes…	Page 3
October 12, 2023 Regular Board Meeting & Public Hearing Minutes…	Page 5
Attorney-Client Session Relative to Litigation	Page 18
General District Matters
Consider Resolution 2023-25 – Adopting a Fiscal Year 2022/2023 Amended Budget…	Page 19
Consider Resolution 2023-26 – Adopting Defense and Indemnification – Supervisor Meisel… Page 44
Consider Approval of Amendment to Brightview Landscape Maintenance Agreement for
US 41 Property…	Page 46
Unit of Development 3
Discussion Regarding Matters Related to Gran Paradiso Litigation
Unit of Development 7
Consideration of Matters Related to 2023 Financing:
Consider Resolution 2023-27 – Ratifying Actions Related to Issuance of Series 2023
Bonds (Villages F-3 and G-1B)…	Page 47
Administrative Matters
District Engineer
District Attorney
District Operations Manager
District Manager
Board Member Comments
Adjourn

Publication Date 2023-11-01

Subcategory Miscellaneous Notices

NOTICE OF REGULAR BOARD MEETING WEST VILLAGES IMPROVEMENT DISTRICT
Notice is hereby given that the Board of Supervisors (Board) of the West Villages Improvement District (District) will hold a Regular Board Meeting (Meeting) of the Board on November 9, 2023, at 10:00 A.M. in the Chambers Room of the City of North Port located at 4970 City Hall Boulevard, North Port, Florida 34286.
The Meeting is open to the public and will be conducted in accordance with the provisions of Florida law for improvement districts. A copy of the agenda for this Meeting may be obtained by contacting the District Manager by email at wcrosley@sdsinc.org, by telephone at 941-244-2805, or by visiting the Districts website, westvillagesid.org. This Meeting may be continued to a date, time, and place to be specified on the record at the meeting.
Pursuant to the provisions of the Americans with Disabilities Act, any person requiring special accommodations to participate in this Meeting is asked to advise the District Office at least forty-eight (48) hours prior to the meeting by contacting the District Manager at 941-244-2805. If you are hearing or speech impaired, please contact the Florida Relay Service by dialing 7-1-1, or 1-800-955-8771 (TTY)/1-800-955-8770 (Voice), for aid in contacting the District Manager.
Each person who decides to appeal any action taken at this Meeting is advised that person will need a record of the proceedings and that accordingly, the person may need to ensure that a verbatim record of the proceedings is made, including the testimony and evidence upon which such appeal is to be based.
William Crosley, District Manager West Villages Improvement District

Page 1

Remarks by WVID Chairman John Luczynski
Public Decorum at WVID Board of Supervisors Meetings
Updated: August 7, 2023

I’d like to take a few moments today to review the West Villages Improvement District public comment
policy, specifically as it relates to public decorum during meetings and workshops.

The WVID policy includes rules governing decorum at public meetings and workshops, particularly when addressing the Board of Supervisors. However, outbursts during recent meetings have made it clear it was not only necessary for the Board to review the policy, but also take steps to ensure it is being properly enforced.

The policy, which was approved in 2016, definitively states:

Community members wishing to speak must direct their comments to the Board as a whole, not
a specific member of the Board or any staff member.

No person, other than a Board member or staff member, can enter into a discussion with a public speaker while they are speaking, without the permission of the chairman or presiding officer.

Speakers and attendees must refrain from disruptive behavior, making vulgar or threatening remarks, or launching personal attacks against the Board, staff or community members.

The WVID policy gives the chairman or presiding officer the discretion to remove attendees who disregard the rules from the meetings. In this scenario, the presiding officer may declare a recess and contact local law enforcement. If a person does not immediately leave the premise, the presiding officer may request that the person be placed under arrest.

The prevalence of disruptive behavior by some attendees has proven there is a need to strictly enforce the WVID public comment and public decorum policy. This includes adding a law enforcement presence, who will have the authority to remove attendees who have been deemed unruly and out of order.

The WVID Board of Supervisors encourages citizen participation and appreciates civil feedback from attendees. Thank you for your cooperation and support so that we may conduct business in a respectful and professional manner.

WEST VILLAGES IMPROVEMENT DISTRICT FISCAL YEAR 2023/2024 BUDGET WORKSHOP JUNE 19, 2023

CALL TO ORDER

The June 19, 2023, Fiscal Year 2023/2024 Budget Workshop of the West Villages Improvement District (“WVID” or the “District”) was called to order at 1:00 p.m. in the Training Room of the Public Safety Building located at 19955 Preto Boulevard, Venice, Florida 34293.

PROOF OF PUBLICATION

Proof of publication was presented which showed the notice of the Fiscal Year 2023/2024 Budget Workshop had been published in the Sarasota Herald-Tribune on June 9, 2023 as legally required.

ROLL CALL

The following Supervisors were present:

Chairman	John Luczynski	Present in person	
Supervisor	John Meisel	Present in person	

Staff members in attendance were:

District Manager	William Crosley	Special District Services, Inc.	
District Manager	Todd Wodraska (via phone)	Special District Services, Inc.	
District Manager	Michael McElligott (via phone)	Special District Services, Inc.	
District Manager	Michelle Krizen	Special District Services, Inc.	
District Counsel	Lindsay Whelan	Kutak Rock LLP	

The following District residents were also present:

Rasha Buzan, Steve Glunt, Victor Dobrin, Mary Ellen Donner, Ghyll and Bruce Theurer

Mr. Crosley presented an overview of the current proposed fiscal year 2023/2024 budget by unit and explained line item revenue and expenses. Discussion topics with members of the public included the following:

The Islandwalk outfall project and which Unit of Development should bear the costs. Staff explained that the proposed expense was split between Unit of Development No. 2 and Unit of Development No. 6. Mr. Meisel and Mr. Dobrin felt that the cost should instead be accounted for in Unit of Development No. 1 and Unit of Development No.
6. Board Members, staff, and members of the public had discussions about the rationale for which Units of Development benefit from this work. Staff indicated that it was willing to consider reallocating these costs in the final proposed budget presented to the Board at the June 27th Board of Supervisors’ meeting.

The assessment for the Gran Paradiso Property Owners Association irrigation lawsuit expenses and where they should be applied. Staff explained that these costs are currently being incurred in Unit of Development No. 3 for FY 2023 since that is the development that filed the lawsuit against the District, but the current proposed budget includes a special assessment in Unit of Development No. 6 for litigation-associated costs. Staff explained that Unit of Development No. 6 is the utility enterprise fund set up for operation of the District’s irrigation utility program, and staff felt was the appropriate Unit of Development to assess for the defense of the lawsuit which is essentially an operating cost of the irrigation utility. However, it constitutes an extraordinary cost that was not anticipated in the ratemaking process so a special assessment was most appropriate. Staff explained that this is a similar process as the City or utility imposing a short-term tax or rate increase to fund hurricane-related expenses. Mr. Meisel inquired as to what would happen to the money collected by the special assessment for FY 2023 litigation expenses. Staff explained that the funds would be used to replenish the Unit of Development No. 3 operating account for FY 2023 litigation expenses incurred, and the remainder would stay in the Unit of Development No. 6 operating account to fund FY 2024 anticipated litigation expenses.

Unit of Development No. 3 road resurfacing assessments. Mr. Luczynski discussed the rationale of why the District includes costs for future road resurfacing in its budget on an annual basis. This is done so that when the resurfacing work is needed the District does not need to do a one-time assessment in a high amount. Staff indicated that this is prudent and a fiscally responsible budgeting practice for future capital repair and replacement activities. Staff and Mr. Luczynski answered resident questions as to the proposed timing, location, and cost of resurfacing activities.

No Board action was taken at this Workshop Meeting.

ADJOURNMENT

There being no further business to address, the Fiscal Year 2023/2024 Budget Workshop was adjourned at 2:50 p.m. There were no objections.

Secretary/Assistant Secretary	Chair/Vice Chair

WEST VILLAGES IMPROVEMENT DISTRICT PUBLIC HEARING & REGULAR BOARD MEETING OCTOBER 12, 2023

CALL TO ORDER

The October 12, 2023, Regular Board Meeting of the West Villages Improvement District (“WVID” or the “District”) was called to order at 10:00 a.m. in the Chambers Room of the City of North Port located at 4970 City Hall Boulevard, North Port, Florida 34286.

PROOF OF PUBLICATION

Proof of publication was presented which showed the notice of the Regular Board Meeting had been published in the Sarasota Herald-Tribune on September 29, 2023, as part of the District’s Fiscal Year 2023/2024 Meeting Schedule, as legally required.

ESTABLISH A QUORUM

It was determined that the attendance of the following Supervisors constituted a quorum, and it was in order to proceed with the meeting:

Chairman	John Luczynski	Present in person	
Vice Chairman	Steve Lewis	Present in person	
Supervisor	Tom Buckley	Present in person	
Supervisor	Christine Masney	Present in person	
Supervisor	John Meisel	Present in person	

Staff members in attendance were:

District Manager	William Crosley	Special District Services, Inc.	
District Manager	Todd Wodraska	Special District Services, Inc.	
District Manager	Andrew Karmeris	Special District Services, Inc.	
District Manager	Michelle Krizen	Special District Services, Inc.	
District Counsel	Lindsay Whelan	Kutak Rock LLP	
District Engineer	Giacomo Licari	Dewberry	

Also present were Bond Counsel Cynthia Wilhelm of Nabors, Giblin & Nickerson; Phil Stokes, City Commissioner with the City of North Port and those indicated on the attached sign-in sheet.

COMMENTS FROM THE PUBLIC ON ALL AGENDA ITEMS

Andrew Kime spoke about his concern of Board Supervisor conflicts of interest while working for Mattamy and serving on the WVID Board, the school site and WWTP land sale transactions; and why the end users of irrigation were the only ones paying for irrigation of common ground.

Paul Maloney stated that John Meisel was making false inaccurate statements about $2.8 Billion in fees that will benefit the developer despite being aware that the irrigation rates have only been increased 2 times since 2018, and he feels that he is intentionally misleading the public and questioned what other statements made by Supervisor Meisel were not accurate. Mr. Maloney also stated that the developer was not required to donate land for the Wastewater Treatment Plant or new school site. Mr. Maloney provided his comments for the public record.

Louise Elleo stated that she was disappointed in Judge Brewer’s ruling regarding de-annexation, and the West Villagers 4 Responsible Government would appeal.

Jim Cranston suggested that the maintenance agreement between the District and Gran Paradiso be terminated and spoke about John Meisel hiring unlicensed and uninsured contractors for cleanup without scope and that Gran Paradiso Property Owners Association Treasurer Pam Kantola was concerned because of the lack of communication with her regarding storm cleanup. Mr. Cranston feels that the maintenance of the Gran Paradiso community has declined as compared to other communities.

Steve Glunt thanked William Crosley for working so diligently on hurricane reimbursement and clarified that Gran Paradiso HOA does not want to propose an offer of settlement but would rather see if there was common ground regarding the irrigation lawsuit it filed against the District. Mr. Glunt also thanked the WVID Operations Manager for his cooperation in working with Gran Paradiso.

City of North Port Commissioner Phil Stokes stated that the court ruled in favor of the City regarding the de-annexation lawsuit and the burden of competent substantial evidence was met by the City. Commissioner Stokes also thanked WVID Supervisors and Wellen Park residents for their help in developing Wellen Park into a nationally recognized community, and it has become the second fastest growing community in America.

Pam Kantola stated that there was confusion after the hurricane as to what agreements were signed and who was responsible for those agreements, and the GPHOA took the actions that it did to promptly clean up after the hurricane to clear roadways, etc. and denied having ever spoken to Mr. Cranston regarding concerns over the storm cleanup process.

APPROVAL OF MINUTES

September 14, 2023, Public Hearing, Regular Board Meeting & Attorney-Client Session

A MOTION was made by Mr. Lewis, seconded by Mr. Buckley and passed unanimously approving the September 14, 2023, Public Hearing, Regular Board Meeting & Attorney-Client Session minutes, amended to reflect that Ms. Kantola had been removed from the meeting.

Supervisor Meisel asked that the minutes for today reflect that Mr. Luczynski stated in a previous meeting that, if in fact the District did not have an obligation to pay for the school site and wastewater treatment plant that it would be reimbursed back to the District and requested that it

meeting.

GENERAL DISTRICT MATTERS

UNIT OF DEVELOPMENT NO. 1

Consider Change Order No. 5 between the District and The deMoya Group, Inc. for Wellen Park Boulevard Roundabout & US41/SR 45 Improvements Project

It was noted that Change Order #5 was for the Wellen Park Village D Roundabout Project with a net change of $31,069.57 and would not add any additional days to the construction schedule.

A MOTION was made by Mr. Lewis, seconded by Mr. Buckley and passed unanimously approving Change Order No. 5 for the Wellen Park Village D Roundabout Project with a net change of $31,069.57, as presented.

UNIT OF DEVELOPMENT NO. 3

Discussion Regarding Roadway Resurfacing Project

A MOTION was made by Mr. Lewis, seconded by Mr. Buckley rejecting the bid received from Ajax Paving and to be re-bid next year and possibly prioritize the project in phases to allow for fiscal budgets to account for those expenses along with consultation from the Gran Paradiso Property Owners Association. Upon being put to a vote, the MOTION carried unanimously.

It was noted that this action taken by the Board was at the request of the Gran Paradiso Property Owners Association.

Discussion Regarding Matters Related to Gran Paradiso Litigation

Presentation by GovRates on Status of Rate Study

Bryan Mantz from GovRates presented an update with PowerPoint slides on the status of the 2023 Irrigation Rate Study. The review involved identifying Operation and Maintenance expenses, Debt Service/Coverage Requirements, Capital Improvement Program Funding Through Rates, potential bond issuances to fund cash deficits and repay developer advances, Reserve Allowances which will equal Annual Revenue Requirements. Mr. Mantz shared that the current irrigation program was not self-sustainable at the current rates and requires developer deficit funding to function. To run the irrigation program like a prudent government, there needs to be an increase in rates to be self-sustaining and eventually phase out the developer subsidization so that revenue would be sufficient to fund all of the system requirements. Mr. Mantz went on to state that there was about
$4.1 million deficit funding (amount still being validated) by the developer to date, which is essentially an interest free loan and is a great benefit to the District, however, private subsidization

suggested an option: to issue bonds to pay off the developer subsidization for operating and capital needs. GovRates has assumed waiting until at least 10 years to issue bonds. This would require the need for developer consent as to timing of the bonds, but the District should ask for the developer deficit funding to continue as long as possible (e.g., 20 years or through buildout) as that will allow more users to come on to the system, which will decrease the amount of the rate for the debt- service component and fixed charge recovery of the irrigation rates for all existing users (more users over which to spread these costs). Mr. Meisel asked if we could issue Unit 6 bonds today. Ms. Whelan responded that Unit 6 has legal authority to issue bonds after following procedural requirements, but Mr. Mantz explained that financing was likely not feasible while Unit 6 was operating at a deficit. Mr. Meisel asked if any bond assessment allocation would be the same as FY 24 Unit 6 special assessment allocation. Mr. Lewis stated that the District relies on professional consultants to determine assessment allocations. Mr. Mantz suggested that any bond offering be delayed allowing more users to come on to the system which will serve to decrease the amount of the rate serving the debt service component of the irrigation rates for all existing users. Mr. Mantz’ acknowledged that this would require the developer’s cooperation in continuing to fund Unit 6 deficits.

Mr. Meisel asked why the District needed developer consent to issue bonds. Ms. Whelan responded that it was not on the obligation itself, but timing with the need to coordinate with the developer so that they were aware of how long they will be deficit funding or otherwise they can request a more immediate repayment than the District had planned and/or could terminate the agreement and be left without a current funding source for the irrigation program because the District had adopted the rates based on an assumption as to when it thought bonds could be issued and have a backstop funding source until that time.

Mr. Mantz noted that there was $13.7 Million of capital needs identified through FY 2033, based on master plan costs and renewal replacement costs. The Board Members discussed the summary of estimated capital improvements through FY 2033. Mr. Meisel indicated that he had called Keith Ledford at Englewood Water District and inquired if they would continue to provide water to WVID after 2024. Ms. Whelan stated that the District received a 5-year termination letter from Englewood Water District relative to the reclaimed water supply agreement between the parties, and her office has received no indication from Englewood Water District that they desire to rescind that termination letter. Mr. Meisel stated that he believes Englewood Water District would want to provide WVID with any excess water. Mr. Luczynski expressed doubt as to whether they would have any excess water or whether they would want to be obligated to provide it to the District since we’re at the end of their line. Ms. Masney inquired as to what was the appropriate chain of command for individual Supervisors to be reaching out to other government entities on behalf of the District without direction or staff involvement and expressed concern with Mr. Meisel reaching out to Englewood Water District on District matters without staff being aware and without Board authorization. Mr. Meisel indicated that he felt that it did not matter if he was reaching out as a Supervisor or as a resident. Steve Lewis, John Luczynski, and Christine Masney agreed that they wanted contact with other government entities and others on WVID business to go through staff and the chairman with that information disseminated back to the Board so that there is a clear chain of command and so that those entities know who has the authority to speak on behalf of the WVID

board. Mr. Meisel inquired if the board wanted to try to see if they could get more reclaimed water from Englewood Water District. Mr. Lewis and Mr. Luczynski stated everyone agrees that you should try to get as much reclaimed as possible to offset well and potable water which are water resources of last resort, however based on Mr. Luczynski’s most recent conversations with Englewood Water District, they do not desire to provide us additional water under the existing agreement after March 2024, at which point the District’s reclaimed water supply agreement with Englewood Water District terminates. Mr. Luczynski stated that he was happy to reach out to Englewood Water District on behalf of the District to inquire again.

Mr. Mantz reviewed operating expenses that had substantially increased and were projected to continue to increase. He stated that the Tampa-St. Petersburg-Clearwater Consumer Price Index (CPI) has increased by about 28% since September 2019, but the District's irrigation rates have increased by only 11% during this same time period. Mr. Meisel stated that he does not believe that the CPI index GovRates is utilizing is appropriate for WVID and that he does not think that other jurisdictions are applicable since the District is only a distributor of water. Mr. Mantz disagreed and stated this was the most applicable CPI Index, and it is actually likely more conservative than the current inflationary market currently operating in.

Mr. Mantz indicated that the amount of the well availability fee may be subject to change in the future based on the result of litigation or agreement of the parties, but otherwise GovRates will use the current $4.17 as a placeholder and stated that he is not a water rights valuation expert, but if you hired 10 consultants, they would probably provide 10 different answers and in his opinion, the groundwater supply agreement should be amended since in 2018 there were a lot of unknowns at the start of the irrigation program, most notably the City of North Port bulk reclaimed water fees, and certain assumptions could be updated to current known actuals.

Mr. Lewis asked for the average irrigation usage per month for a normal Equivalent Residential Unit. Bryan Mantz responded that between 9,000-10,000 gallons per month is the average. Mr. Lewis asked what was the approximate current monthly rate based on average usage. Mr. Crosley responded that it was less than $13 per month per 10,000 gallons. Mr. Lewis asked how that relates to other jurisdictions. Ms. Whelan stated that the current rate study from 2018 provided a schedule of fees where the District’s fees fell in the mid to lower price range compared to other governmental entities. The District has only increased rates two times since 2018, but it was unknown if the comparative entities have increased their rates since 2018. Mr. Lewis asked that an updated chart based on current rates be prepared and Mr. Mantz said he could assist with that.

Mr. Luczynski indicated that although WVID takes reclaimed and groundwater from other sources, it is also a manufacturer because the District has built lakes to hold water, built and installed distribution lines and pump stations to distribute water and the District is not just a distributor.

Mr. Lewis left the meeting at 11:37 a.m. and returned at 11:42 a.m.

Mr. Luczynski and Mr. Meisel discussed SWFWMD allocations and well water usage.

Mr. Mantz discussed that if the developer was to terminate WVID’s use of well water, then the only option is bulk potable water from CONP at $6.83 per 1,000 gallons, and that the current well availability payment is $4.17, with an effective rate of $.42 per 1,000 gallons. So, the well availability fee is not the best deal or worst deal for the District. Mr. Meisel stated that he feels that market numbers are irrelevant since we are a not-for-profit entity, we should pay a fair and equitable amount to the developer for drawing water out of the wells, but we should base the well availability fee on CONP bulk reclaimed water rate. Mr. Luczynski stated the car analogy that Mr. Meisel always uses is not a good one where he talks about having two cars in the garage, which is not necessary, but from his point of view if one car breaks and your only other source of transportation is a bike, then having that second car in the garage ready to go is prudent resource management. Mr. Luczynski stated that the WVID’s only alternative if we do not have groundwater is getting CONP potable water, and CONP does not even have amounts that we would need available for irrigation water if we did not have groundwater. Mr. Luczynski stated it’s a free market and Thomas Ranch Intangibles can sell the water to whoever they want; they’re not obligated to sell it to WVID, absent the well water supply agreement. Mr. Luczynski then explained that the average homeowner pays 37 cents per day, consisting of .22 water/operating charge, .04 capital charge, .11 for well availability per day equaling .37/day. Eleven cents are not just the cost of the water; it’s like an insurance policy so that when we need the groundwater, which is also when it is the District’s only option for irrigation water, that it is available.

Mr. Lewis asked who was going to determine the well availability fee. Ms. Whelan responded that it was a contractual agreement between WVID and Thomas Ranch Intangibles, and GovRates plugs in that contractual amount to its modeling to determine our rates.

Mr. Mantz requested Board direction for the rate study regarding developer funding. There was consensus of the Board to wean off of developer funding, gradually, if possible. Ms. Whelan will speak with the developer to confirm developer timing and other considerations so that GovRates can appropriately model the rates. The Board also discussed entering into an agreement of what has been funded to date, the date of the earliest repayment, reasonable notice of termination of funding agreement, etc.

Mr. Mantz also asked for Board direction regarding including 5 years of rate adjustments in the rate study and collecting any expenses for irrigation of District common areas. There was consensus of the Board to include 5 years of rate adjustments in the rate study and pursue looking into including the District common area irrigation expenses to be potentially budgeted as a Unit of Development No. 1 expense so all landowners would share that expense and then reimburse Unit of Development No. 6.

Mr. Meisel requested consideration of an amendment to the Englewood Water District agreement to provide for the purchase of any excess irrigation water that Englewood might have. Mr. Lewis suggested that staff and or a member of the Board reach out to Englewood Water District to discuss the potential purchase of excess water, if any, after March 2024. These discussions could provide information as to whether a new or amended agreement is practical. Mr. Luczynski asked that Mr. Crosley coordinate a meeting.

Mr. Meisel indicated he had to leave the meeting early due to another engagement and noted that there had been a lawsuit filed against the District relative to the urbanization calculation. Mr. Meisel left the meeting at 11:56 a.m.

Mr. Mantz stated that it was planned to have at least one outreach meeting prior to finalizing rate recommendations for Board consideration and depending on how that meeting goes, it can be determined if any other outreach meetings are necessary.
Ms. Masney inquired about the purpose and plan for customer outreach. Ms. Whelan indicated that today’s presentation was meant to update the Board on status and get direction on items needed to finalize the study and the customer outreach was meant to educate the community and provide another opportunity to have their questions answered. Ms. Masney then asked that the presentation from today be posted on the District’s website and allow residents to submit questions for discussion at the Workshop, and she also requested that the Board review the proposed presentation before the Workshop. Ms. Whelan indicated that was allowed, but due to the Sunshine Law, staff cannot solicit comments because otherwise it would be utilizing GovRates as a conduit to communicate between Board members.

Appointment of District Representatives Relative to Dispute Resolution Request from Thomas Ranch Intangibles

Ms. Whelan noted that while the District maintains that it properly noticed its 2018 ratemaking hearing and has had several additional public hearings on the rates since then, in an abundance of caution, the District conducted a curative ratemaking hearing in early 2023. At that time, the Board also directed the collection of all well availability fees from all communities but also directed that these fees be held in escrow. Those fees are being collected but not remitted to Thomas Ranch Intangibles and the Ranch Land Operations pursuant to the groundwater supply agreement between the District and those entities.

The District previously sent a letter to Thomas Ranch Intangibles and the Ranch Land Operations advising it of its withholding of the well availability fees during the litigation, and that we believe we are excused from performance due to the force majeure terms of the groundwater supply agreement.

Thomas Ranch Intangibles and the Ranch Land Operations have sent the District a letter advising that it has invoked the dispute resolution process set forth in the groundwater supply agreement between the parties. That parties’ position as outlined in the letter are that:

This situation is not a “listed event” under the groundwater supply agreement under which the well availability fee payment is not required to be made- a “listed event” excusing performance only occurs if groundwater wells produce no or virtually no water suitable for irrigation purposes. Currently, the wells are producing irrigation quality water so this provision excusing performance cannot be invoked.
The force majeure provision of the groundwater supply agreement is not invoked because that requires a situation not caused by or under the control of the District and the court found in the

preliminary hearing that it was likely to find that the District did not properly notice its 2018 ratemaking hearing and the noticing of public hearings and meetings is within the District’s control. Also, that issue has been cured by the District’s 2023 curative ratemaking hearing.

There is no basis for withholding well availability payments from customers that continue to not be in breach of their irrigation water supply agreements with the District (i.e. all customers other than Gran Paradiso).

The Court’s order to temporarily escrow the Gran Paradiso portion of the well availability fees does not relieve the District from having to pay well availability fees relative to the Gran Paradiso development - the District needs to find another source of revenue to utilize to remit those fees during Gran Paradiso’s breach of its irrigation water supply agreement with the District.
Although the groundwater supply agreement provides that the District is not in breach from the District’s failure to remit well availability fees resulting from the nonpayment by a customer, the District is only excused from performance if 1) collection is diligently pursued and 2) the District discontinues service of irrigation water to that customer. Irrigation water is defined in the groundwater supply agreement to include all sources- groundwater, stormwater, and reclaimed water. To date WVID has not discontinued its provision of all irrigation water to Gran Paradiso, thus the District cannot be excused from performance by this provision.

Finally, it is Thomas Ranch Intangibles and Thomas Ranch Land Operation’s position that irrespective of the well availability fee matter, pursuant to the Court’s preliminary order that the 2009 irrigation agreement between the District and the GPHOA is the operative agreement, the District should only be providing irrigation water to Unit 3 that is supplied by Englewood Water District as that was the only source of irrigation water available when that 2009 agreement was entered into.
At this time, the Board needs to appoint a representative or representatives to sit down with Thomas Ranch Intangibles and Thomas Ranch Land Operation’s in order to discuss the allegations they’ve made and gather additional information from them in order to bring back that information to the Board at a future meeting, where the Board will provide direction to staff as to how it would like to proceed.

Ms. Masney asked if the representatives had to be Board Members or could it be someone else. Ms. Whelan responded that it could be anyone designated by the Board. Mr. Luczynski commented that he did not want the representative to be a Board Member, since they will ultimately be voting on providing direction, so he would rather have staff be designated as the fact-finding representatives.

A MOTION was made by Mr. Lewis, seconded by Ms. Masney and passed unanimously appointing Todd Wodraska and representatives of Kutak Rock to represent the District in the discussions with Thomas Ranch Intangibles and Thomas Ranch Land Operations

UNIT OF DEVELOPMENT NO. 7

Consider Matters Relating to 2023 Financing

Consider Final Supplemental Engineer’s Report

Ms. Whelan noted that at the last meeting there was discussion of the District’s planned issuance of neighborhood bonds in Unit 7 on undeveloped lands. These neighborhood bonds do not affect any other existing residential properties and that the consultants were on the phone to present their reports. Bonds are planned to close on October 17, 2023.

Mr. Licari presented the Final Supplemental Engineer’s Report and indicated it was the same report with no changes as the preliminary supplemental engineering report from the last Board meeting.

A MOTION was made by Mr. Lewis, seconded by Mr. Buckley, and passed unanimously approving the Final Supplemental Engineer’s Report, as presented.

Consider Final Supplemental Assessment Methodology Report

Mr. Karmeris presented the Final Supplemental Assessment Methodology Report and noted some key highlights in the report that can provide specific debt assessments per unit now that the bonds have been sized at $4,805,000 with an interest rate of 6.17%.

A MOTION was made by Mr. Lewis, seconded by Mr. Buckley, and passed unanimously approving the Final Supplemental Assessment Methodology Report, as presented.

Consider Resolution No. 2023-23 – Supplemental Assessment

Ms. Whelan presented Resolution No. 2023-23, entitled:

RESOLUTION 2023-23

[UNIT OF DEVELOPMENT NO. 7 – SERIES 2023 BONDS (VILLAGES F-3 AND G-1B)]

A RESOLUTION OF THE WEST VILLAGES IMPROVEMENT DISTRICT SETTING FORTH THE SPECIFIC TERMS OF THE DISTRICT’S SPECIAL ASSESSMENT REVENUE BONDS (UNIT OF DEVELOPMENT NO. 7), SERIES 2023 (VILLAGES F-3 AND G-1B); CONFIRMING THE DISTRICT’S PROVISION OF INFRASTRUCTURE IMPROVEMENTS AND CONFIRMING A SUPPLEMENTAL ENGINEER’S REPORT; CONFIRMING AND ADOPTING A SUPPLEMENTAL ASSESSMENT REPORT; CONFIRMING, ALLOCATING AND AUTHORIZING THE COLLECTION OF SPECIAL ASSESSMENTS SECURING SERIES 2023 BONDS; PROVIDING FOR THE SUPPLEMENT TO THE IMPROVEMENT LIEN BOOK; PROVIDING FOR THE RECORDING OF A NOTICE OF SERIES

2023	SPECIAL	ASSESSMENTS;	PROVIDING	FOR	CONFLICTS, SEVERABILITY AND AN EFFECTIVE DATE

Ms. Whelan noted that this imposes the lien on the property based on the actual bond terms provided in the Final Supplemental Assessment Methodology Report.

A MOTION was made by Mr. Buckley, seconded by Mr. Lewis and passed unanimously adopting Resolution No.2 023-23, as presented.

The Regular Board Meeting was then recessed and the Public Hearing was opened.

UNIT OF DEVELOPMENT NO. 10

Public Hearing – Designation of Unit of Development No. 10

Proof of Publication

Proof of publication was presented which showed the notice of the Public Hearing had been published in the Sarasota Herald-Tribune on September 28, 2023, October 5, 2023, as legally required.

Receive Public Comment Regarding Designation of Unit of Development No. 10

There was no public comment regarding the designation of Unit of Development No. 10. The Public Hearing was then closed and the Regular Board Meeting was reconvened.
Consider Resolution No. 2023-24 – Unit Confirmation Resolution

Resolution No. 2023-24 was presented, entitled:

RESOLUTION 2023-24

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE WEST VILLAGES IMPROVEMENT DISTRICT APPROVING AND CONFIRMING THE DESIGNATION OF THE “WEST VILLAGES IMPROVEMENT DISTRICT UNIT OF DEVELOPMENT NO. 10;” PROVIDING FOR THE RECORDING OF A NOTICE REGARDING SAME; PROVIDING FOR SEVERABILITY; AND PROVIDING AN EFFECTIVE DATE.

Ms. Whelan stated that at the last meeting the Board adopted Resolution 2023-22, designating lands as Unit of Development No.10 upon the request of the owner of the lands within that area.

This resolution confirms the designation and establishes these lands as Unit of Development No.
10. The District has complied with all statutorily required processes for unit establishment.

A MOTION was made by Mr. Lewis, seconded by Mr. Buckley and passed unanimously adopting Resolution No. 2023-24, as presented.

ADMINISTRATIVE MATTERS

District Engineer

Mr. Licari reported that the Islandwalk irrigation outfall project had been completed on the Islandwalk side, and the contractor was waiting for some structures expected to be delivered next week to complete the District side of the project.

Mr. Licari noted that Ajax Paving had not yet provided a schedule for the Playmore resurfacing project.

Mr. Licari also noted that the irrigation line under West Villages Parkway had been completed other than the restoration of sod.

District Attorney

Ms. Whelan reported that the GPHOA irrigation litigation appeal hearing had been set for December 5, 2023, at 9:30 a.m.

Ms. Whelan advised that new litigations had been filed against WVID by 3 residents- Jeffrey O’Sullivan, Arthur Adams, and John Coughlin, which are generally related to the District’s imposition of a Unit 6 assessment to fund irrigation related litigation expenses. The plaintiffs allege that the District did not timely post a tentative agenda on its website, and the Unit 6 assessments were not fairly and equitably allocated, and they are seeking injunction and declaratory relief. The District believes that it has complied with Florida law for adoption of its budget and imposition of its assessments. A preliminary hearing will be held November 8, 2023, at 3:30 p.m.

Ms. Whelan commented that although Mr. Meisel had informed staff and the other Board Members that an urbanization calculation lawsuit had been filed, as of the start of this meeting, no docket for this litigation appears on the Sarasota County Clerk of Courts’ website, so he appears to have more information than District staff on that topic. If and when the District is served, staff will update the Board accordingly.

District Operations’ Manager

There was no District Operations’ Manager Report at this time.

District Manager

Mr. Crosley advised that the next meeting was scheduled for November 9, 2023.

Mr. Crosley advised of a conflict with the use of the Chambers Room on the July 11, 2024, meeting. Manager Crosley polled the Board to see if the meeting could be held on July 10, 2024. There was consensus of the Board to meet on July 10, 2024, at 10:00 a.m.

BOARD MEMBER COMMENTS

Mr. Lewis discussed a recent letter that was forwarded to him. The letter was sent by Mr. Meisel to his West Villages for Responsible Government political action committee
supporters. Mr. Lewis raised several concerns regarding possible conflicts of interest and what he perceived as incorrect and misleading information.

Previously, the Commission on Ethics advised Mr. Meisel of the inherent conflict in serving on both the Gran Paradiso Property Owners’ Association and District boards while the POA was suing the District. Mr. Meisel’s letter included a solicitation of funds to support the Grand Paradiso Property Association’s irrigation lawsuit against the District. This would seem to conflict with the spirit of the guidance. Also, Mr. Meisel indicated at last month’s meeting that he had distanced himself from the POA litigation, but the letter would suggest otherwise.

Mr. Meisel’s letter also included a solicitation of funds for the ongoing de-annexation dispute. His letter stated that the District had “a lot to lose” from the irrigation and de-annexation lawsuits, and yet he was soliciting funds for both. This again seems to conflict with his obligations to the District as a District board member.

Mr. Lewis also stated that Supervisor Meisel’s letter was advocating for a reallocation of assessments which would benefit him personally which is a potential conflict of interest.

Mr. Lewis also stated that he felt comments in the letter regarding WVID acquisitions of school board and wastewater treatment land included misstatements of fact and were misleading. Mr. Miesel’s letter said the developer was “obligated to donate these properties per the annexation agreements.” Annexation agreements were between the City of North Port and the Developer and/or District. The school land was conveyed to the Sarasota County School Board. This transfer is not addressed by the annexation documents as stated in the letter. As for the wastewater treatment plant land, the various agreements with the City required that this land be donated to the City without cost to the City. The documents do not speak to the District’s acquisition of land from the developer.
The letter implies that WVID’s acquisition of the school and wastewater treatment plant land was somehow improper because WVID “had no obligation to purchase” the land.	WVID’s enabling legislation provides the power to acquire land and other assets for public use. There does not need to be an obligation for the District to do things that it is empowered to do.

Mr. Lewis stated that he understands that District Counsel does not serve as legal counsel to Supervisors on an individual basis, but asked for guidance in whether board members generally have any legal obligation to report or respond to situations where they believe a fellow Supervisor has violated provisions of the ethics laws.

Ms. Whelan advised that all Supervisors need to uphold the fiduciary and ethical responsibilities of this office. The WVID Board does not have the authority to remove a fellow Supervisor from office, only the Governor has that ability, so her gut tells her that there is likely not an affirmative obligation of other Supervisors to report perceived ethics violations to the Commission on Ethics or other entity.
Chairman Luczynski congratulated Commissioner Stokes and the City of North Port on the recent Judge’s ruling regarding de-annexation.

ADJOURNMENT

There being no further business to come before the Board, the Regular Board Meeting was adjourned at 12:49 p.m. on a MOTION made by Mr. Lewis, seconded by Mr. Buckley and passed unanimously.

Secretary/Assistant Secretary	Chair/Vice Chair

Publication Date 2023-11-01

Subcategory Miscellaneous Notices

?NOTICE OF THE WEST VILLAGES IMPROVEMENT DISTRICT ATTORNEY-CLIENT SESSION
NOTICE IS HEREBY GIVEN that the West Villages Improvement District (the District) will hold an attorney-client session of its Board of Supervisors (the Board) at the Board meeting on November 9, 2023, at 10:00 a.m. at Chambers of the City of North Port located at 4970 City Hall Boulevard, North Port, Florida 34286. The attorney-client session may be continued to a date, time and place approved by the Board on the record without additional publication of notice.
The attorney-client session, which is closed to the public, will be held to discuss settlement negotiations or strategy sessions related to litigation expenditures. This meeting is being held pursuant to Section 286.011(8), Florida Statutes. The following persons are anticipated to be in attendance at the attorney-client session: each of the Districts Board Supervisors who are not otherwise conflicted from such attendance, District Manager William Crosley, District Counsel Lindsay Whelan and Joseph Brown, and a court reporter. The attorney-client session is expected to begin after the commencement of the regularly-scheduled Board meeting and to last approximately thirty (30) minutes. During the attorney-client session the individuals identified above will meet in private. Upon conclusion of the attorney-client session, the public will be invited into the Board meeting, and the Board meeting will continue to consider any business of the District.
District Manager
WEST VILLAGES IMPROVEMENT DISTRICT
www.westvillagesid.org
PUBLISH: SARASOTA HERALD TRIBUNE11/01/23

RESOLUTION NO. 2023-25

A RESOLUTION OF THE WEST VILLAGES IMPROVEMENT DISTRICT ADOPTING AN AMENDED FISCAL YEAR 2022/2023 BUDGET.

WHEREAS, the Board of Supervisors of the West Villages Improvement District Community (hereinafter called District) is empowered to impose special assessments upon the properties within the District; and,

WHEREAS, the District has prepared an amended fiscal year 2022/2023 budget.

NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE WEST VILLAGES IMPROVEMENT DISTRICT THAT:

Section 1.	The Amended Budget for Fiscal Year 2022/2023 attached hereto as Exhibit “A” is hereby approved and adopted.

Section 2.	The Secretary of the District is authorized to execute any and all necessary transmittals, certifications or other acknowledgements or writings, as necessary, to comply with the intent of this Resolution.

PASSED, ADOPTED and EFFECTIVE this 9th day of November, 2023.

ATTEST:	WEST VILLAGES
IMPROVEMENT DISTRICT

By:			By:		 Secretary/Assistant Secretary			Chairman/Vice Chairman

West Villages Improvement District

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

WEST VILLAGES IMPROVEMT DISTRICT
FY 2021/2022 AMENDED FINAL BUDGET

TABLE OF CONTENTS

Budget Summary
All Units Comparison	1
Amended Final Operating Fund Budget - District Proper	2
Amended Final Operating Fund Budget - Unit 1	3
Amended Final Operating Fund Budget - Unit 2	4
Amended Final Operating Fund Budget - Unit 3	5
Amended Final Operating Fund Budget - Unit 4	6
Amended Final Operating Fund Budget - Unit 5	7
Amended Final Operating Fund Budget - Unit 7	8
Amended Final Operating Fund Budget - Unit 8	9
Amended Final Operating Fund Budget - Unit 9	10
Amended Final Operating Fund Budget - Unit 10	11
Debt Service
Amended Final Debt Service Fund Budget - Unit 1	12
Amended Final Debt Service Fund Budget - Unit 2	13
Amended Final Debt Service Fund Budget - Unit 3	14
Amended Final Debt Service Fund Budget - Unit 4	15
Amended Final Debt Service Fund Budget - Baseball Stadium	16
Amended Final Debt Service Fund Budget - Unit 7 (Series 2019)	17
Amended Final Debt Service Fund Budget - Unit 7 (Series 2021)	18
Amended Final Debt Service Fund Budget - Unit 8	19
Amended Final Debt Service Fund Budget - Unit 9 (Series 2023)	20

AMENDED FINAL BUDGET COMPARISON - ALL UNITS
WEST VILLAGES IMPROVEMENT DISTRICT

	FISCAL YEAR		FISCAL YEAR		FISCAL YEAR	
	2022/2023		2022/2023		2022/2023	
	ANNUAL BUDGET		AMENDED FINAL BUDGET		ACTUAL	
	10/1/22 - 9/30/23		10/1/22 - 9/30/23		10/1/22 - 9/29/23	
 REVENUES	
O & M ASSESSMENTS		

3,056,776		

3,013,787		

3,013,787	
O & M ASSESSMENTS - DIRECT BILL		627,439		388,432		388,432	
DEBT ASSESSMENTS		8,269,267		6,989,817		6,989,817	
DEBT DIRECT BILL		6,149,615		7,166,182		7,166,182	
INTEREST INCOME		1,000		306,605		306,605	
DEVELOPER CONTRIBUTION		0		233,083		233,083	
OTHER REVENUES		0		2,446,151		2,446,151	
OTHER REVENUES - EQUIP PURCHASE REIMBURSEMENT		0		14,933		14,933	
OTHER REVENUES - TRANSPORT IMPACT		0		0		0	
BOND PREPAYMENTS		0		598,422		598,422	
BOND PREPAYMENTS TO TRUSTEE		0		(598,422)		(598,422)	
 CARRY OVER FUNDS FROM PRIOR YEAR				18,205			0			0	
 Total Revenues			 $	18,122,303 		 $	20,558,989 		 $	20,558,989 	

 EXPENDITURES	
BASEBALL FACILITY EXPENSES		

25,000		

25,000		

25,000	
INFRASTRUCTURE MAINTENANCE		2,462,163		5,987,000		5,838,911	
GIS PROJECT		40,000		0		0	
ENGINEERING		147,000		309,000		276,025	
MANAGEMENT		156,626		156,626		156,626	
OPERATIONS ADMINISTRATION		182,150		182,150		182,150	
LEGAL		273,000		751,000		692,823	
ASSESSMENT ROLL		18,000		18,000		18,000	
AUDIT FEES		30,000		30,000		28,210	
ARBITRAGE REBATE FEE		10,000		6,500		5,850	
RENTS & LEASES		15,000		14,400		11,182	
INSURANCE		47,000		75,000		70,611	
LEGAL ADVERTISING		15,000		6,000		4,666	
MISCELLANEOUS		29,975		72,175		49,752	
VEHICLES		0		0		0	
POSTAGE		3,000		1,500		1,041	
OFFICE SUPPLIES		8,000		3,800		3,058	
TRUSTEE FEES		50,100		43,198		43,198	
WEBSITE		1,500		1,500		1,500	
CONTINUING DISCLOSURE FEE		6,500		7,000		7,000	
CAPITAL OUTLAY		0		0		0	
 EQUIP PURCHASE FOR OTHER GOVS			0		20,000		11,200	
 Total Expenditures			$	3,520,014		$	7,709,849		$	7,426,803	
							
 EXCESS OR (SHORTFALL)			 $	14,602,289 		 $	12,849,140 		 $	13,132,186 	

DEBT PAYMENT TO TRUSTEE (ALL UNITS)		(13,922,727)		(13,893,080)		(13,893,080)	
 BALANCE			 $	679,562 		 $	(1,043,940)		 $	(760,894)	

COUNTY APPRAISER & TAX COLLECTOR FEE		(226,521)		(96,141)		(96,141)	
DISCOUNTS FOR EARLY PAYMENTS		(453,042)		(380,983)		(380,983)	
 NET EXCESS/SHORTFALL			 $	-			 $	(1,521,064)		 $	(1,238,018)	

Page 22
1

DISTRICT PROPER FISCAL YEAR 2022/2023
OCTOBER 1, 2022 - SEPTEMBER 30, 2023

	FISCAL YEAR	FISCAL YEAR		FISCAL YEAR	
	2022/2023	2022/2023		2022/2023	
	ANNUAL BUDGET	AMENDED FINAL BUDGET		ACTUAL	
	10/1/22 - 9/30/23	10/1/22 - 9/30/23		10/1/22 - 9/29/23	
 REVENUES	
O & M ASSESSMENTS			
334,602	
339,009		
339,009	
O & M DIRECT BILL			24,330	0		0	
DEBT ASSESSMENTS			0	0		0	
DEBT DIRECT BILL			0	0		0	
INTEREST INCOME			1,000	264,992		264,992	
DEVELOPER CONTRIBUTION			0	0		0	
OTHER REVENUES			0	14,500		14,500	
OTHER REVENUES - TRANSPORT IMPACT			0	0		0	
OTHER REVENUES - EQUIPMENT PURCHASE			0	14,933		14,933	
CARRY OVER FUNDS FROM PRIOR YEAR			18,205	0		0	
 Total Revenues			$	378,137	$	633,434	$	633,434	

 EXPENDITURES	
GIS PROJECT			
40,000	
0		
0	
ENGINEERING			45,000	40,000		35,481	
MANAGEMENT			60,586	60,586		60,586	
OPERATIONS ADMINISTRATION			31,300	31,300		31,300	
LEGAL			75,000	170,000		157,301	
ASSESSMENT ROLL			7,500	9,000		9,000	
ANNUAL AUDIT			6,000	6,000		5,890	
ARBITRAGE REBATE FEE			0	0		0	
RENTS & LEASES			15,000	14,400		11,182	
INSURANCE			47,000	75,000		70,611	
LEGAL ADVERTISING			15,000	6,000		4,666	
MISCELLANEOUS			3,175	45,000		39,347	
VEHICLES			0	0		0	
POSTAGE			3,000	1,500		1,041	
OFFICE SUPPLIES			8,000	2,000		1,406	
DUES & SUBSCRIPTIONS			0	175		175	
TRUSTEE FEES			0	0		0	
CONTINUING DISCLOSURE FEE			0	0		0	
WEBSITE			1,500	1,500		1,500	
EQUIPMENT PURCHASE FOR OTHER GOV			0	20,000		11,200	
 CAPITAL OUTLAY				0	0		0	
 Total Expenditures			$	358,061	$	482,461	$	440,686	
							
 EXCESS OR (SHORTFALL)			$	20,076	$	150,973	$	192,748	

PAYMENT TO TRUSTEE			
-	
-		
-	
 BALANCE			$	20,076	$	150,973	$	192,748	

COUNTY APPRAISER & TAX COLLECTOR FEE			
(6,692)	
(3,254)		
(3,254)	
DISCOUNTS FOR EARLY PAYMENTS			(13,384)	(12,888)		(12,888)	
 NET EXCESS/SHORTFALL			$	-	$	134,831	$	176,606	

UNIT ONE FISCAL YEAR 2022/2023
OCTOBER 1, 2022 - SEPTEMBER 30, 2023

	FISCAL YEAR	FISCAL YEAR	FISCAL YEAR	
	2022/2023	2022/2023	2022/2023	
	ANNUAL BUDGET	AMENDED FINAL BUDGET	ACTUAL	
	10/1/22 - 9/30/23	10/1/22 - 9/30/23	10/1/22 - 9/29/23	
 REVENUES					
O & M ASSESSMENTS		2,161,960	2,138,604	2,138,604	
O & M DIRECT BILL		43,405	0	0	
DEBT ASSESSMENTS		2,357,243	2,331,772	2,331,772	
DEBT DIRECT BILL		158,185	0	0	
INTEREST		0	24,883	24,883	
DEVELOPER CONTRIBUTION		0	207,024	207,024	
OTHER REVENUES		0	2,128,204	2,128,204	
OTHER REVENUES - EQUIP PURCHASE REIMBURSEMENT		0	0	0	
CARRY OVER FUNDS FROM PRIOR YEAR		0	0	0	
 Total Revenues			$	4,720,793	$	6,830,488	$	6,830,488	

 EXPENDITURES					
INFRASTRUCTURE MAINTENANCE		1,967,143	5,500,000	5,397,531	
GIS PROJECT		0	0	0	
ENGINEERING		25,000	140,000	131,547	
MANAGEMENT		12,005	12,005	12,005	
OPERATIONS ADMINISTRATION		33,300	33,300	33,300	
LEGAL		25,000	55,000	44,742	
ASSESSMENT ROLL		1,500	1,500	1,500	
AUDIT FEES		3,000	3,000	2,790	
ARBITRAGE REBATE FEE		1,500	650	650	
RENTS & LEASES		0	0	0	
INSURANCE		0	0	0	
LEGAL ADVERTISING		0	0	0	
MISCELLANEOUS		1,700	10,000	4,541	
POSTAGE		0	0	0	
OFFICE SUPPLIES		0	0	46	
DUES & SUBSCRIPTIONS		0	0	0	
TRUSTEE FEES		5,000	4,246	4,246	
CONTINUING DISCLOSURE FEE		500	500	500	
WEBSITE		0	0	0	
CONTINGENCY / PREV SHORTFALL		0	0	0	
 EQUIP PURCHASE FOR OTHER GOVS			0	0	0	
 Total Expenditures			$	2,075,648	$	5,760,201	$	5,633,398	
				
 EXCESS OR (SHORTFALL)			$	2,645,146	$	1,070,287	$	1,197,090	

PAYMENT TO TRUSTEE		
(2,373,994)	(2,313,301)	
(2,313,301)	
 BALANCE			$	271,152	$	(1,243,014)	$	(1,116,211)	

COUNTY APPRAISER & TAX COLLECTOR FEE		
(90,384)	(42,966)	
(42,966)	
DISCOUNTS FOR EARLY PAYMENTS		(180,768)	(170,264)	(170,264)	
 NET EXCESS/SHORTFALL			$	-	$	(1,456,243)	$	(1,329,440)	

UNIT TWO FISCAL YEAR 2022/2023
OCTOBER 1, 2022 - SEPTEMBER 30, 2023

		FISCAL YEAR	FISCAL YEAR	FISCAL YEAR	
		2022/2023	2022/2023	2022/2023	
		ANNUAL BUDGET	AMENDED FINAL BUDGET	ACTUAL	
		10/1/22 - 9/30/23	10/1/22 - 9/30/23	10/1/22 - 9/29/23	
 REVENUES	
O & M ASSESSMENTS		
56,003	30,830	
30,830	
O & M DIRECT BILL		1,213	0	0	
DEBT ASSESSMENTS		2,696,557	1,435,366	1,435,366	
DEBT DIRECT BILL		60,350	0	0	
INTEREST		0	0	0	
DEVELOPER CONTRIBUTION		0	0	0	
OTHER REVENUES		0	0	0	
BOND PREPAYMENTS		0	578,382	578,382	
BOND PREPAYMENTS TO TRUSTEE		0	(578,382)	(578,382)	
CARRY OVER FUNDS FROM PRIOR YEAR		0	0	0	
 Total Revenues			$	2,814,123	$	1,466,196	$	1,466,196	

 EXPENDITURES					
INFRASTRUCTURE MAINTENANCE		0	5,000	0	
ENGINEERING		2,000	12,000	9,640	
MANAGEMENT		12,005	12,005	12,005	
OPERATIONS ADMINISTRATION		15,650	15,650	15,650	
LEGAL		10,000	2,000	753	
ASSESSMENT ROLL		1,500	1,500	1,500	
AUDIT FEES		3,000	3,000	2,790	
ARBITRAGE REBATE FEE		1,500	1,300	1,300	
RENTS & LEASES		0	0	0	
INSURANCE		0	0	0	
LEGAL ADVERTISING		0	0	0	
MISCELLANEOUS		1,700	1,000	450	
POSTAGE		0	0	0	
OFFICE SUPPLIES		0	0	0	
DUES & SUBSCRIPTIONS		0	0	0	
TRUSTEE FEES		5,000	4,849	4,849	
CONTINUING DISCLOSURE FEE		1,500	1,500	1,500	
WEBSITE		0	0	0	
CONTINGENCY / PREV SHORTFALL		0	0	0	
 CAPITAL OUTLAY			0	0	0	
 Total Expenditures			$	53,855	$	59,804	$	50,437	
				
 EXCESS OR (SHORTFALL)			$	2,760,268	$	1,406,392	$	1,415,759	

PAYMENT TO TRUSTEE		
(2,595,114)	(1,360,040)	
(1,360,040)	
 BALANCE			$	165,154	$	46,352	$	55,719	

COUNTY APPRAISER & TAX COLLECTOR FEE		
(55,051)	(14,092)	
(14,092)	
DISCOUNTS FOR EARLY PAYMENTS		(110,102)	(55,843)	(55,843)	
 NET EXCESS/SHORTFALL			$	-	$	(23,583)	$	(14,216)	

UNIT THREE FISCAL YEAR 2022/2023
OCTOBER 1, 2022 - SEPTEMBER 30, 2023

	FISCAL YEAR	FISCAL YEAR	FISCAL YEAR	
	2022/2023	2022/2023	2022/2023	
	ANNUAL BUDGET	AMENDED FINAL BUDGET	ACTUAL	
	10/1/22 - 9/30/23	10/1/22 - 9/30/23	10/1/22 - 9/29/23	
 REVENUES	
O & M ASSESSMENTS		
284,282	
284,919	
284,919	
O & M DIRECT BILL		0	0	0	
DEBT ASSESSMENTS		1,338,233	1,341,234	1,341,234	
DEBT DIRECT BILL		0	0	0	
INTEREST		0	16,730	16,730	
DEVELOPER CONTRIBUTION		0	0	0	
OTHER REVENUES		0	0	0	
BOND PREPAYMENTS		0	9,039	9,039	
BOND PREPAYMENTS TO TRUSTEE		0	(9,039)	(9,039)	
OTHER REVENUES - CAPITAL		0	0	0	
CARRY OVER FUNDS FROM PRIOR YEAR		0	0	0	
 Total Revenues			$	1,622,515	$	1,642,883	$	1,642,883	

 EXPENDITURES						
INFRASTRUCTURE MAINTENANCE		100,620	60,000	47,190	
ENGINEERING		25,000	65,000	56,794	
MANAGEMENT		12,005	12,005	12,005	
OPERATIONS ADMINISTRATION		17,650	17,650	17,650	
LEGAL		100,000	500,000	474,143	
ASSESSMENT ROLL		1,500	1,500	1,500	
AUDIT FEES		3,000	3,000	2,790	
ARBITRAGE REBATE FEE		1,500	650	650	
RENTS & LEASES		0	0	0	
INSURANCE		0	0	0	
LEGAL ADVERTISING		0	0	0	
MISCELLANEOUS		1,700	10,000	5,143	
POSTAGE		0	0	0	
OFFICE SUPPLIES		0	1,800	1,606	
DUES & SUBSCRIPTIONS		0	0	0	
TRUSTEE FEES		3,750	4,246	4,246	
CONTINUING DISCLOSURE FEE		500	500	500	
WEBSITE		0	0	0	
CONTINGENCY / PREV SHORTFALL		0	0	0	
 CAPITAL OUTLAY			0	0	0	
 Total Expenditures			$	267,225	$	676,351	$	624,217	
					
 EXCESS OR (SHORTFALL)			$	1,355,290	$	966,532	$	1,018,666	

PAYMENT TO TRUSTEE		
(1,257,939)	
(1,270,848)	
(1,270,848)	
 BALANCE			$	97,351	$	(304,316)	$	(252,182)	

COUNTY APPRAISER & TAX COLLECTOR FEE		
(32,450)	
(15,629)	
(15,629)	
DISCOUNTS FOR EARLY PAYMENTS		(64,901)	(61,935)	(61,935)	
 NET EXCESS/SHORTFALL			$	-	$	(381,880)	$	(329,747)	

WEST VILLAGES IMPROVEMENT DISTRICT UNIT FOUR
FISCAL YEAR 2022/2023 OCTOBER 1, 2022 - SEPTEMBER 30, 2023

	FISCAL YEAR	FISCAL YEAR		FISCAL YEAR	
	2022/2023	2022/2023		2022/2023	
	ANNUAL BUDGET	AMENDED FINAL BUDGET		ACTUAL	
	10/1/22 - 9/30/23	10/1/22 - 9/30/23		10/1/22 - 9/29/23	
 REVENUES	
O & M ASSESSMENTS			
105,718	
105,955		
105,955	
O & M DIRECT BILL			-1,620	0		0	
DEBT ASSESSMENTS			866,319	868,263		868,263	
DEBT DIRECT BILL			23,326	0		0	
INTEREST			0	0		0	
DEVELOPER CONTRIBUTION			0	0		0	
OTHER REVENUES			0	0		0	
OTHER REVENUES - CAPITAL			0	0		0	
CARRY OVER FUNDS FROM PRIOR YEAR			0	0		0	
 Total Revenues			$	993,744	$	974,218	$	974,218	

 EXPENDITURES								
INFRASTRUCTURE MAINTENANCE			40,650	40,000		35,444	
ENGINEERING			2,500	8,000		5,801	
MANAGEMENT			12,005	12,005		12,005	
OPERATIONS ADMINISTRATION			17,650	17,650		17,650	
LEGAL			13,000	2,000		753	
ASSESSMENT ROLL			1,500	1,500		1,500	
AUDIT FEES			3,000	3,000		2,790	
ARBITRAGE REBATE FEE			1,500	650		650	
RENTS & LEASES			0	0		0	
INSURANCE			0	0		0	
LEGAL ADVERTISING			0	0		0	
MISCELLANEOUS			1,700	0		0	
POSTAGE			0	0		0	
OFFICE SUPPLIES			0	0		0	
DUES & SUBSCRIPTIONS			0	0		0	
TRUSTEE FEES			3,750	4,246		4,246	
CONTINUING DISCLOSURE FEE			500	500		500	
WEBSITE			0	0		0	
CONTINGENCY / PREV SHORTFALL			0	0		0	
 CAPITAL OUTLAY				0	0		0	
 Total Expenditures			$	97,755	$	89,551	$	81,340	
							
 EXCESS OR (SHORTFALL)			$	895,989	$	884,667	$	892,878	

PAYMENT TO TRUSTEE			
(837,666)	
(822,698)		
(822,698)	
 BALANCE			$	58,322	$	61,970	$	70,181	

COUNTY APPRAISER & TAX COLLECTOR FEE			
(19,441)	
(9,363)		
(9,363)	
DISCOUNTS FOR EARLY PAYMENTS			(38,881)	(37,105)		(37,105)	
 NET EXCESS/SHORTFALL			$	-	$	15,501	$	23,712	

WEST VILLAGES IMPROVEMENT DISTRICT UNIT FIVE
FISCAL YEAR 2022/2023 OCTOBER 1, 2022 - SEPTEMBER 30, 2023

	FISCAL YEAR	FISCAL YEAR	FISCAL YEAR	
	2022/2023	2022/2023	2022/2023	
	ANNUAL BUDGET	AMENDED FINAL BUDGET	ACTUAL	
	10/1/22 - 9/30/23	10/1/22 - 9/30/23	10/1/22 - 9/29/23	
 REVENUES	
O & M ASSESSMENTS		
0	0	
0	
O & M DIRECT BILL		87,255	0	0	
DEBT ASSESSMENTS		0	0	0	
DEBT DIRECT BILL		3,625,720	4,882,889	4,882,889	
INTEREST		0	0	0	
DEVELOPER CONTRIBUTION		0	25,000	25,000	
OTHER REVENUES		0	271,866	271,866	
CARRY OVER FUNDS FROM PRIOR YEAR		0	0	0	
 Total Revenues			$	3,712,975	$	5,179,755	$	5,179,755	

 EXPENDITURES					
BASEBALL FACILITY EXPENSES		25,000	25,000	25,000	
INFRASTRUCTURE MAINTENANCE		10,000	12,000	9,385	
ENGINEERING		2,500	2,000	1,050	
MANAGEMENT		12,005	12,005	12,005	
OPERATIONS ADMINISTRATION		17,650	17,650	17,650	
LEGAL		10,000	1,000	0	
ASSESSMENT ROLL		0	0	0	
AUDIT FEES		3,000	3,000	2,790	
ARBITRAGE REBATE FEE		0	0	0	
RENTS & LEASES		0	0	0	
INSURANCE		0	0	0	
LEGAL ADVERTISING		0	0	0	
MISCELLANEOUS		0	1,000	96	
POSTAGE		0	0	0	
OFFICE SUPPLIES		0	0	0	
DUES & SUBSCRIPTIONS		0	0	0	
TRUSTEE FEES		5,600	5,507	5,507	
CONTINUING DISCLOSURE FEE		1,500	1,500	1,500	
WEBSITE		0	0	0	
CONTINGENCY / PREV SHORTFALL		0	0	0	
 CAPITAL OUTLAY			0	0	0	
 Total Expenditures			$	87,255	$	80,662	$	74,982	
				
 EXCESS OR (SHORTFALL)			$	3,625,720	$	5,099,093	$	5,104,772	

PAYMENT TO TRUSTEE		
(3,625,720)	(4,882,889)	
(4,882,889)	
 BALANCE			$	-	$	216,204	$	221,883	

COUNTY APPRAISER & TAX COLLECTOR FEE		
0	0	
0	
DISCOUNTS FOR EARLY PAYMENTS		0	0	0	
 NET EXCESS/SHORTFALL			$	-	$	216,204	$	221,883	

WEST VILLAGES IMPROVEMENT DISTRICT UNIT SEVEN
FISCAL YEAR 2022/2023 OCTOBER 1, 2022 - SEPTEMBER 30, 2023

	FISCAL YEAR	FISCAL YEAR	FISCAL YEAR	
	2022/2023	2022/2023	2022/2023	
	ANNUAL BUDGET	AMENDED FINAL BUDGET	ACTUAL	
	10/1/22 - 9/30/23	10/1/22 - 9/30/23	10/1/22 - 9/29/23	
 REVENUES	
O & M ASSESSMENTS		
114,212	
114,469	
114,469	
O & M DIRECT BILL		269,796	239,027	239,027	
DEBT ASSESSMENTS		1,010,915	1,013,182	1,013,182	
DEBT DIRECT BILL		1,556,725	1,426,468	1,426,468	
INTEREST		0	0	0	
DEVELOPER FUNDING - WWTP		0	1,059	1,059	
OTHER REVENUES		0	8,282	8,282	
BOND PREPAYMENTS		0	11,001	11,001	
BOND PREPAYMENTS TO TRUSTEE		0	(11,001)	(11,001)	
CARRY OVER FUNDS FROM PRIOR YEAR		0	0	0	
 Total Revenues			$	2,951,648	$	2,802,486	$	2,802,486	

 EXPENDITURES						
INFRASTRUCTURE MAINTENANCE		283,500	300,000	288,458	
ENGINEERING		20,000	24,000	19,904	
MANAGEMENT		12,005	12,005	12,005	
OPERATIONS ADMINISTRATION		17,650	17,650	17,650	
LEGAL		20,000	12,000	10,473	
ASSESSMENT ROLL		1,500	1,500	1,500	
AUDIT FEES		3,000	3,000	2,790	
ARBITRAGE REBATE FEE		1,500	2,600	2,600	
RENTS & LEASES		0	0	0	
INSURANCE		0	0	0	
LEGAL ADVERTISING		0	0	0	
MISCELLANEOUS		5,000	0	0	
POSTAGE		0	0	0	
OFFICE SUPPLIES		0	0	0	
DUES & SUBSCRIPTIONS		0	0	0	
TRUSTEE FEES		12,000	15,965	15,965	
CONTINUING DISCLOSURE FEE		1,000	1,000	1,000	
WEBSITE		0	0	0	
CONTINGENCY / PREV SHORTFALL		0	0	0	
CAPITAL OUTLAY		0	0	0	
CAPITAL - DEVELOPER DEPOSIT REFUND		0	0	0	
 Total Expenditures			$	377,155	$	389,720	$	372,345	
					
 EXCESS OR (SHORTFALL)			$	2,574,493	$	2,412,766	$	2,430,141	

PAYMENT TO TRUSTEE		
(2,506,985)	
(2,386,480)	
(2,386,480)	
 BALANCE			$	67,508	$	26,286	$	43,660	

COUNTY APPRAISER & TAX COLLECTOR FEE		
(22,503)	
(10,837)	
(10,837)	
DISCOUNTS FOR EARLY PAYMENTS		(45,005)	(42,949)	(42,949)	
 NET EXCESS/SHORTFALL			$	-	$	(27,500)	$	(10,126)	

UNIT EIGHT FISCAL YEAR 2022/2023
OCTOBER 1, 2022 - SEPTEMBER 30, 2023

	FISCAL YEAR	FISCAL YEAR	FISCAL YEAR	
	2022/2023	2022/2023	2022/2023	
	ANNUAL BUDGET	AMENDED FINAL BUDGET	ACTUAL	
	10/1/22 - 9/30/23	10/1/22 - 9/30/23	10/1/22 - 9/29/23	
 REVENUES					
O & M ASSESSMENTS		0	0	0	
O & M DIRECT BILL		149,405	149,405	149,405	
DEBT ASSESSMENTS		0	0	0	
DEBT DIRECT BILL		725,308	724,775	724,775	
INTEREST		0	0	0	
DEVELOPER FUNDING		0	0	0	
OTHER REVENUES		0	0	0	
OTHER REVENUES - CAPITAL		0	0	0	
CARRY OVER FUNDS FROM PRIOR YEAR		0	0	0	
 Total Revenues			$	874,713	$	874,180	$	874,180	

 EXPENDITURES					
INFRASTRUCTURE MAINTENANCE		60,250	55,000	49,367	
ENGINEERING		20,000	2,000	1,695	
MANAGEMENT		12,005	12,005	12,005	
OPERATIONS ADMINISTRATION		15,650	15,650	15,650	
LEGAL		15,000	3,000	854	
ASSESSMENT ROLL		1,500	1,500	1,500	
AUDIT FEES		3,000	3,000	2,790	
ARBITRAGE REBATE FEE		1,500	650	0	
RENTS & LEASES		0	0	0	
INSURANCE		0	0	0	
LEGAL ADVERTISING		0	0	0	
MISCELLANEOUS		10,000	0	0	
POSTAGE		0	0	0	
OFFICE SUPPLIES		0	0	0	
DUES & SUBSCRIPTIONS		0	0	0	
TRUSTEE FEES		10,000	4,139	4,139	
CONTINUING DISCLOSURE FEE		500	1,500	1,500	
WEBSITE		0	0	0	
CONTINGENCY / PREV SHORTFALL		0	0	0	
CAPITAL OUTLAY		0	0	0	
CAPITAL - DEVELOPER DEPOSIT REFUND		0	0	0	
 Total Expenditures			$	149,405	$	98,444	$	89,500	
				
 EXCESS OR (SHORTFALL)			$	725,308	$	775,736	$	784,680	

PAYMENT TO TRUSTEE		
(725,308)	(724,775)	
(724,775)	
 BALANCE			$	(0)	$	50,961	$	59,905	

COUNTY APPRAISER & TAX COLLECTOR FEE		
-	-	
-	
DISCOUNTS FOR EARLY PAYMENTS		-	-	-	
 NET EXCESS/SHORTFALL			$	-	$	50,961	$	59,905	

UNIT NINE FISCAL YEAR 2022/2023
OCTOBER 1, 2022 - SEPTEMBER 30, 2023

	FISCAL YEAR	FISCAL YEAR		FISCAL YEAR	
	2022/2023	2022/2023		2022/2023	
	ANNUAL BUDGET	AMENDED FINAL BUDGET		ACTUAL	
	10/1/22 - 9/30/23	10/1/22 - 9/30/23		10/1/22 - 9/29/23	
 REVENUES							
O & M ASSESSMENTS			0	0		0	
O & M DIRECT BILL			53,655	0		0	
DEBT ASSESSMENTS			0	0		0	
DEBT DIRECT BILL			0	132,050		132,050	
INTEREST			0	0		0	
DEVELOPER FUNDING			0	0		0	
OTHER REVENUES			0	20,800		20,800	
OTHER REVENUES - CAPITAL			0	0		0	
CARRY OVER FUNDS FROM PRIOR YEAR			0	0		0	
 Total Revenues			$	53,655	$	152,850	$	152,850	

 EXPENDITURES							
INFRASTRUCTURE MAINTENANCE			0	15,000		11,536	
ENGINEERING			5,000	16,000		14,113	
MANAGEMENT			12,005	12,005		12,005	
OPERATIONS MANAGER			15,650	15,650		15,650	
LEGAL			5,000	5,000		3,094	
ASSESSMENT ROLL			1,500	0		0	
AUDIT FEES			3,000	3,000		2,790	
ARBITRAGE REBATE FEE			1,000	0		0	
RENTS & LEASES			0	0		0	
INSURANCE			0	0		0	
LEGAL ADVERTISING			0	0		0	
MISCELLANEOUS			5,000	0		0	
POSTAGE			0	0		0	
OFFICE SUPPLIES			0	0		0	
DUES & SUBSCRIPTIONS			0	0		0	
TRUSTEE FEES			5,000	0		0	
CONTINUING DISCLOSURE FEE			500	0		0	
WEBSITE			0	0		0	
CONTINGENCY / PREV SHORTFALL			0	0		0	
CAPITAL OUTLAY			0	0		0	
CAPITAL - DEVELOPER DEPOSIT REFUND			0	0		0	
 Total Expenditures			$	53,655	$	66,655	$	59,187	
						
 EXCESS OR (SHORTFALL)			$	-	$	86,195	$	93,663	

PAYMENT TO TRUSTEE			
-	(132,050)		
(132,050)	
 BALANCE			$	-	$	(45,855)	$	(38,387)	

COUNTY APPRAISER & TAX COLLECTOR FEE				
-		
-		
-	
DISCOUNTS FOR EARLY PAYMENTS				-		-		-	
 NET EXCESS/SHORTFALL			$	-		$	(45,855)	$	(38,387)	

UNIT TEN FISCAL YEAR 2022/2023
OCTOBER 1, 2022 - SEPTEMBER 30, 2023

	FISCAL YEAR	FISCAL YEAR		FISCAL YEAR	
	2022/2023	2022/2023		2022/2023	
	ANNUAL BUDGET	AMENDED FINAL BUDGET		ACTUAL	
	10/1/22 - 9/30/23	10/1/22 - 9/30/23		10/1/22 - 9/29/23	
 REVENUES								
O & M ASSESSMENTS			0	0		0	
O & M DIRECT BILL			0	0		0	
DEBT ASSESSMENTS			0	0		0	
DEBT DIRECT BILL			0	0		0	
INTEREST			0	0		0	
DEVELOPER FUNDING			0	0		0	
OTHER REVENUES			0	2,500		2,500	
OTHER REVENUES - CAPITAL			0	0		0	
CARRY OVER FUNDS FROM PRIOR YEAR			0	0		0	
 Total Revenues			$	-	$	2,500	$	2,500	

 EXPENDITURES								
INFRASTRUCTURE MAINTENANCE			0	0		0	
ENGINEERING			0	0		0	
MANAGEMENT			0	0		0	
OPERATIONS MANAGER			0	0		0	
LEGAL			0	1,000		711	
ASSESSMENT ROLL			0	0		0	
AUDIT FEES			0	0		0	
ARBITRAGE REBATE FEE			0	0		0	
RENTS & LEASES			0	0		0	
INSURANCE			0	0		0	
LEGAL ADVERTISING			0	0		0	
MISCELLANEOUS			0	5,000		0	
POSTAGE			0	0		0	
OFFICE SUPPLIES			0	0		0	
DUES & SUBSCRIPTIONS			0	0		0	
TRUSTEE FEES			0	0		0	
CONTINUING DISCLOSURE FEE			0	0		0	
WEBSITE			0	0		0	
CONTINGENCY / PREV SHORTFALL			0	0		0	
CAPITAL OUTLAY			0	0		0	
CAPITAL - DEVELOPER DEPOSIT REFUND			0	0		0	
 Total Expenditures			$	-	$	6,000	$	711	
							
 EXCESS OR (SHORTFALL)			$	-	$	(3,500)	$	1,790	

PAYMENT TO TRUSTEE			
-	
-		
-	
 BALANCE			$	-	$	(3,500)	$	1,790	

COUNTY APPRAISER & TAX COLLECTOR FEE			
-	
-		
-	
DISCOUNTS FOR EARLY PAYMENTS			-	-		-	
 NET EXCESS/SHORTFALL			$	-	$	(3,500)	$	1,790	

	FISCAL YEAR		FISCAL YEAR		FISCAL YEAR	
	2022/2023
ANNUAL BUDGET 10/1/22 - 9/30/23		2022/2023
AMENDED FINAL BUDGET 10/1/22 - 9/30/23		2022/2023
ACTUAL 10/1/22 - 9/29/23	
 REVENUES	
Interest Income		

0		

41,432		

41,432	
 Debt Collections			2,373,994		2,209,404		2,209,404	
 Total Revenues			$	2,373,994	$	2,250,836	$	2,250,836	

 EXPENDITURES	
Principal Payments		

1,200,000		

1,200,000		

1,200,000	
Interest Payments		1,173,994		1,197,994		1,197,994	
 Miscellaneous			0		0		0	
 Total Expenditures			$	2,373,994	$	2,397,994	$	2,397,994	
							
 Excess/Shortfall			$	-	$	(147,158)	$	(147,158)	

FUND BALANCE AS OF 9/30/22	
FY 2022/2023 ACTIVITY	
FUND BALANCE AS OF 9/30/23	

$1,118,542	
($147,158)	
$971,385	

Notes
Reserve Fund Balances = $540,000*. Revenue Fund Balance = $471,100.21*. Revenue Fund Balance To Be Used To Make 11/1/2023 Interest Payment
* Approximate Amounts
Revenue Fund Balance Is As Of 9/30/23.

Series 2017 Bond Refunding Information

Original Par Amount =	$32,165,000	Annual Principal Payment Due =	
Interest Rate =	3.5% - 4.625%	May 1st	
Issue Date =	August 2017	Annual Interest Payments Due =	
Maturity Date =

Par Amount As Of 9/30/23 =	May 2038

$25,800,000	May 1st & November 1st	

	FISCAL YEAR		FISCAL YEAR		FISCAL YEAR	
	2022/2023
ANNUAL BUDGET 10/1/22 - 9/30/23		2022/2023
AMENDED FINAL BUDGET 10/1/22 - 9/30/23		2022/2023
ACTUAL 10/1/22 - 9/29/23	
 REVENUES	
Interest Income			

0		

29,199		

29,199	
Debt Collections (2019A-1)			1,407,008		1,360,040		1,360,040	
Debt Collections (2019A-2)			1,188,107		0		0	
 Prepaid Debt Collections (2019A-1)				0		574,763		574,763	
 Total Revenues			$	2,595,114	$	1,964,002	$	1,964,002	

 EXPENDITURES	
Principal Payments (2019A-1)			

645,000		

645,000		

645,000	
Principal Payments (2019A-2)			545,000		0		0	
Interest Payments (2019A-1)			753,106		779,341		779,341	
Interest Payments (2019A-2)			639,831		0		0	
Miscellaneous - Bond Redemption (2019A-1)			8,901		595,000		595,000	
 Miscellaneous - Bond Redemption (2019A-2)				3,275		0		0	
 Total Expenditures			$	2,595,114	$	2,019,341	$	2,019,341	
								
 Excess/Shortfall			$	-	$	(55,338)	$	(55,338)	

FUND BALANCE AS OF 9/30/22	
FY 2022/2023 ACTIVITY	
FUND BALANCE AS OF 9/30/23	

$628,872	
($55,338)	
$573,533	

Notes
West Villages Unit 2 Series 2005 Bonds Were Bifurcated Into Performing (2019A-1) And Non Performing (2019A-2) Bonds.
Reserve Account Balances = $201,000* Revenue Account Balances = $372,488.24* Revenue Account Balances To Be Used To Make 11/1/2023 2019A-1 Interest Payment

* Approximate Amounts

Series 2019A-1 (Performing) Bond Information
Original Par Amount =	$15,190,000	Annual Principal Payment Due =	
Interest Rate =	5.75%	May 1st	
Issue Date =	October 2019	Annual Interest Payments Due =	
Maturity Date =	May 2036	May 1st & November 1st	
Par Amount As Of 9/30/23 =	$12,180,000		

Series 2019A-2 (Non Performing) Bond Information	
Original Par Amount =	$12,830,000	Annual Principal Payment Due =	
Interest Rate =	5.75%	May 1st	
Issue Date =	October 2019	Annual Interest Payments Due =	
Maturity Date =	May 2036	May 1st & November 1st	
Par Amount As Of 9/30/23 =	$12,830,000		

	FISCAL YEAR		FISCAL YEAR		FISCAL YEAR	
	2022/2023
ANNUAL BUDGET 10/1/22 - 9/30/23		2022/2023
AMENDED FINAL BUDGET 10/1/22 - 9/30/23		2022/2023
ACTUAL 10/1/22 - 9/29/23	

 REVENUES	
Interest Income			

0		

17,806		

17,806	
Debt Collections			1,257,939		1,270,848		1,270,848	
Payment By Developer			0		0		0	
 Prepaid Debt Collections				0		9,039		9,039	
 Total Revenues			$	1,257,939	$	1,297,693	$	1,297,693	

 EXPENDITURES	
Principal Payments			

650,000		

650,000		

650,000	
Interest Payments			604,810		617,348		617,348	
 Miscellaneous / Extra Redemption				3,129		20,000		20,000	
 Total Expenditures			$	1,257,939	$	1,287,348	$	1,287,348	
								
 Excess/Shortfall			$	-	$	10,345	$	10,345	

FUND BALANCE AS OF 9/30/22	
FY 2022/2023 ACTIVITY	
FUND BALANCE AS OF 9/30/23	

$436,444	
$10,345	
$446,790	

Notes
Reserve Fund Balance = $100,000*. Revenue Fund Balance = $333,500.82*. Prepayment Account Balance = $13,288.93*.
Revenue Fund Balance To Be Used To Make 11/1/2023 Interest Payment

* Approximate Amounts

Series 2017 Bond Refunding Information

Original Par Amount =	$16,550,000	Annual Principal Payment Due =	
Interest Rate =	3.5% - 5%	May 1st	
Issue Date =	August 2017	Annual Interest Payments Due =	
Maturity Date =

Par Amount As Of 9/30/23 =	May 2037

$12,725,000	May 1st & November 1st	

	FISCAL YEAR		FISCAL YEAR		FISCAL YEAR	
	2022/2023
ANNUAL BUDGET 10/1/22 - 9/30/23		2022/2023
AMENDED FINAL BUDGET 10/1/22 - 9/30/23		2022/2023
ACTUAL 10/1/22 - 9/29/23	

 REVENUES	
Interest Income			

0		

32,984		

32,984	
Debt Collections			837,666		822,698		822,698	
Payment By Developer			0		0		0	
 Prepaid Debt Collections				0		0		0	
 Total Revenues			$	837,666	$	855,682	$	855,682	

 EXPENDITURES	
Principal Payments			

275,000		

260,000		

260,000	
Interest Payments			561,675		567,200		567,200	
 Miscellaneous				991		0		0	
 Total Expenditures			$	837,666	$	827,200	$	827,200	
								
 Excess/Shortfall			$	-	$	28,482	$	28,482	

FUND BALANCE AS OF 9/30/22	
FY 2022/2023 ACTIVITY	
FUND BALANCE AS OF 9/30/23	

$1,017,980	
$28,482	
$1,046,462	

Notes
Reserve Fund Balance = $586,014*. Revenue Fund Balance = $574,844.56*. Prepayment Account Fund Balance = $3,953*.
Revenue Fund Balance To Be Used To Make 11/1/2021 Principal & Interest Payment

* Approximate Amounts - Revenue Account Balance Is As of 9/30/23.

Series 2016 Bond Information

Original Par Amount =	$13,090,000	Annual Principal Payment Due =	
Interest Rate =	3.375% - 5%	November 1st	
Issue Date =	November 2016	Annual Interest Payments Due =	
Maturity Date =

Par Amount As Of 9/30/23 =	November 2046

$11,610,000	May 1st & November 1st	

BASEBALL STADIUM DEBT SERVICE FUND FISCAL YEAR 2022/2023
OCTOBER 1, 2022 - SEPTEMBER 30, 2023

	FISCAL YEAR		FISCAL YEAR		FISCAL YEAR	
	2022/2023
ANNUAL BUDGET 10/1/22 - 9/30/23		2022/2023
AMENDED FINAL BUDGET 10/1/22 - 9/30/23		2022/2023
ACTUAL 10/1/22 - 9/29/23	

 REVENUES	
Interest Income (Bonds)				

0	

12,128		

12,128	
Interest Income (Notes)				0	210,696		210,696	
State Of Florida Pledged Revenues (Bonds)			1,000,000	999,996		999,996	
 Payment By Atlanta Braves (Notes)				2,625,720	2,588,596		2,588,596	
 Total Revenues			$	3,625,720		$	3,811,416	$	3,811,416	

 EXPENDITURES	
Principal Payments (Bonds)			

570,000	

570,000		

570,000	
Interest Payments (Bonds)			424,011	424,011		424,011	
Principal Payments (Notes)			1,421,569	1,421,568		1,421,568	
Interest Payments (Notes)			1,167,027	1,167,027		1,167,027	
 Other/Extra Redemption				43,113	0		0	
 Total Expenditures			$	3,625,720		$	3,582,606	$	3,582,606	
								
 Excess/Shortfall			$		-	$	228,810	$	228,810	

Bonds		

Notes			

FUND BALANCE AS OF 9/30/22	
FY 2022/2023 ACTIVITY	
FUND BALANCE AS OF 9/30/23	

 	
$280,147	$5,413,158	
$	18,114	$210,696	
$298,261	$5,623,854	

Notes
Bond Service Fund Balance = $168,490*. Bond Revenue Fund Balance = $129,771*. Bond Service Fund Balance And October 2023 Through January 2024 State Of Florida Pledged Revenues To Be Used To Make 2/1/2024 Principal & Interest Payment

Note Reserve Fund Balance = $4,301,448*. Note Revenue Fund Balance = $1,322,406*. Revenue Fund Balance To Be Used To Make 12/30/2023 Principal & Interest Payment

* Approximate Amounts

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

Par Amount As Of 9/30/23 =

Series 2017B Notes Information	
$11,040,000		
Original Par Amount =	$27,500,000	Annual Principal Payment Due =	
Interest Rate =	5.39%	June 30th & December 30th	
Issue Date =	December 2017	Annual Interest Payments Due =	
Maturity Date =	December 2033	June 30th & December 30th	

Par Amount As Of 9/30/23 =	
$20,540,708		

UNIT 7 DEBT SERVICE FUND (2019) FISCAL YEAR 2022/2023
OCTOBER 1, 2022 - SEPTEMBER 30, 2023

	FISCAL YEAR		FISCAL YEAR		FISCAL YEAR	
	2022/2023		2022/2023		2022/2023	
	ANNUAL BUDGET		AMENDED FINAL BUDGET		ACTUAL	
	10/1/22 - 9/30/23		10/1/22 - 9/30/23		10/1/22 - 9/29/23	

 REVENUES								
Interest Income (Master)		0		70,235		74,102	
Interest Income (Village B)				3,867			
Debt Collections (Master)		1,974,499		965,595		965,595	
Payment By Developer (Master)		0		871,561		871,561	
Debt Collections (Village B)		86,602		87,491		87,491	
Payment By Developer (Village B)		0		30,760		30,760	
 Prepaid Bonds (Master)			0		11,001		11,001	
 Total Revenues		$	2,061,101	$	2,040,510	$	2,040,510	

 EXPENDITURES								
Principal Payments (Master)		540,000		540,000		540,000	
Principal Payments (Village B)		25,000		25,000		25,000	
Interest Payments (Master)		1,433,138		1,443,938		1,443,938	
Interest Payments (Village B)		61,025		61,525		61,525	
 Other/Extra Redemption			1,939		0		0	
 Total Expenditures		$	2,061,101	$	2,070,463	$	2,070,463	

 	

 Excess/Shortfall		$

-  $	(29,953) $

(29,953)

Master	Village B

FUND BALANCE AS OF 9/30/22	
FY 2022/2023 ACTIVITY	
FUND BALANCE AS OF 9/30/23	

 	
$2,294,600	$86,533	
$	(65,546)	$35,593	
$2,229,054	$122,127	

Notes
Master Reserve Fund Balances = $1,974,131*. Master Revenue Fund Balances = $243,922*. Village B Reserve Fund Balances = $86,531*. Village B Revenue Fund Balances = $35,595*. Revenue Fund Balances To Be Used To Make 11/1/2023 Interest Payments

* Approximate Amounts - Revenue Account Balance Is As of 9/30/23.

Series 2019 Bond Information (Master)
Original Par Amount =	$31,040,000	Annual Principal Payment Due =	
Interest Rate =	4.00% - 5.00%	May 1st	
Issue Date =	April 2019	Annual Interest Payments Due =	
Maturity Date =	May 2050	May 1st & November 1st	

Par Amount As Of 9/30/23 =

Series 2019 Bond Information (Village B)	
$29,490,000		
Original Par Amount =	$1,320,000	Annual Principal Payment Due =	
Interest Rate =	4.00% - 5.00%	May 1st	
Issue Date =	April 2019	Annual Interest Payments Due =	
Maturity Date =	May 2050	May 1st & November 1st	

Par Amount As Of 9/30/23 =	
$1,255,000		

AMENDED FINAL BUDGET
WEST VILLAGES IMPROVEMENT DISTRICT UNIT 7 DEBT SERVICE FUND (2021) FISCAL YEAR 2022/2023
OCTOBER 1, 2022 - SEPTEMBER 30, 2023

	FISCAL YEAR		FISCAL YEAR		FISCAL YEAR		
	2022/2023
ANNUAL BUDGET 10/1/22 - 9/30/23		2022/2023
AMENDED FINAL BUDGET 10/1/22 - 9/30/23		2022/2023
ACTUAL 10/1/22 - 9/29/23		

 REVENUES	
Interest Income			

0		

8,963			

8,963	
Debt Collections			445,884		308,748			308,748	
Payment By Developer			0		108,241			108,241	
 Bond Proceeds				0		0			0	
 Total Revenues			$	445,884	$	425,952	$		425,952	

 EXPENDITURES	
Principal Payments			

165,000		

165,000			

165,000	
Interest Payments			279,225		281,288			281,288	
 Other/Extra Redemption				1,659		0			0	
 Total Expenditures			$	445,884	$	446,288	$		446,288	
									
 Excess/Shortfall			$	-	$	(20,335)	$		(20,335)	

FUND BALANCE AS OF 9/30/22	
FY 2022/2023 ACTIVITY	
FUND BALANCE AS OF 9/30/23	

$255,285	
($20,335)	
$234,949	

Notes
Reserve Fund Balance = $222,881*. Revenue Fund Balance = $12,068*. Revenue Account Balance To Be Used To Make 11/1/2023 Interest Payment
Approximate Amounts - Revenue Account Balance Is As of 9/30/23.

Series 2021 Bond Information

Original Par Amount =	$7,975,000	Annual Principal Payment Due =	
Interest Rate =	2.50% - 4.00%	May 1st	
Issue Date =	April 2021	Annual Interest Payments Due =	
Maturity Date =

Par Amount As Of 9/30/23 =	May 2051

$7,650,000	May 1st & November 1st	

AMENDED FINAL BUDGET
WEST VILLAGES IMPROVEMENT DISTRICT UNIT 8 DEBT SERVICE FUND
FISCAL YEAR 2022/2023 OCTOBER 1, 2022 - SEPTEMBER 30, 2023

	FISCAL YEAR		FISCAL YEAR		FISCAL YEAR	
	2022/2023
ANNUAL BUDGET 10/1/22 - 9/30/23		2022/2023
AMENDED FINAL BUDGET 10/1/22 - 9/30/23		2022/2023
ACTUAL 10/1/22 - 9/29/23	

 REVENUES	
Interest Income (Master)			

0		

11,428		

11,428	
Debt Collections (Master)			725,308		495,462		495,462	
Payment By Developer (Master)			0		229,312		229,312	
Interest Income (Ser 2022)			0		32,682		32,682	
Debt Collections (Ser 2022)			0		0		0	
Payment By Developer (Ser 2022)			0		0		0	
 Bond Proceeds (Ser 2022 DSR)				0		576,134		576,134	
 Total Revenues			$	725,308	$	1,345,019	$	1,345,019	

 EXPENDITURES	
Principal Payments (Master)			

270,000		

270,000		

270,000	
Interest Payments (Master)			455,269		458,644		458,644	
Principal Payments (Ser 2022)			0		0		0	
Interest Payments (Ser 2022)			0		0		0	
 Other/Extra Redemption				39		0		0	
 Total Expenditures			$	725,308	$	728,644	$	728,644	
								
 Excess/Shortfall			$	0	$	616,376	$	616,376	
			
Master		
Series 2022			

FUND BALANCE AS OF 9/30/22	
FY 2022/2023 ACTIVITY	
FUND BALANCE AS OF 9/30/23	

 	
$362,666	$0	
$7,559	$608,816	
$370,225	$608,816	

Notes
Master Reserve Fund Balance = $362,656*. Master Revenue Fund Balance = $7,569.*
Series 2022 Reserve Fund Balance = $576,134*. Series 2022 Revenue Fund Balance = $32,682.* Revenue Account Balances To Be Used To Make 11/1/2023 Interest Payments
* Approximate Amounts - Revenue Account Balances Is As of 9/30/23.

Series 2021 Bond Information
Original Par Amount =	$13,000,000	Annual Principal Payment Due =	
Interest Rate =	2.50% - 4.00%	May 1st	
Issue Date =	April 2021	Annual Interest Payments Due =	
Maturity Date =	May 2051	May 1st & November 1st	

Par Amount As Of 9/30/23 =

Series 2022 Bond Information	
$12,470,000		
Original Par Amount =	$17,000,000	Annual Principal Payment Due =	
Interest Rate =	4.625% - 5.500%	May 1st	
Issue Date =	December 2022	Annual Interest Payments Due =	
Maturity Date =	May 2053	May 1st & November 1st	

Par Amount As Of 9/30/23 =	
$17,000,000		

AMENDED FINAL BUDGET
WEST VILLAGES IMPROVEMENT DISTRICT UNIT 9 DEBT SERVICE FUND
FISCAL YEAR 2022/2023 OCTOBER 1, 2022 - SEPTEMBER 30, 2023

	FISCAL YEAR			FISCAL YEAR		FISCAL YEAR		
	2022/2023
ANNUAL BUDGET 10/1/22 - 9/30/23			2022/2023
AMENDED FINAL BUDGET 10/1/22 - 9/30/23		2022/2023
ACTUAL 10/1/22 - 9/29/23		

 REVENUES	
Interest Income (Master)				

0		

10,403			

10,403	
Debt Collections (Master)				0		2,386			2,386	
Payment By Developer (Master)				0		0			0	
 Bond Proceeds					0		584,577			584,577	
 Total Revenues			$		-	$	597,366	$		597,366	

 EXPENDITURES	
Principal Payments (Master)				

0		

0			

0	
Interest Payments (Master)				0		0			0	
 Other/Extra Redemption					0		0			0	
 Total Expenditures			$		-	$	-	$		-	
										
 Excess/Shortfall			$		-	$	597,366	$		597,366	
			
Master							

FUND BALANCE AS OF 9/30/22	
FY 2022/2023 ACTIVITY	
FUND BALANCE AS OF 9/30/23	

 	
$0	
$12,789	
$12,789	

Notes
Master Reserve Fund Balance = $584,577*. Master Revenue Fund Balance = $130,519.* Revenue Account Balances To Be Used To Make 11/1/2023 Interest Payments
Approximate Amounts - Revenue Account Balances Is As of 9/30/23.

Series 2023 Bond Information

Original Par Amount =	$17,130,000	Annual Principal Payment Due =	
Interest Rate =	4.625% - 5.625%	May 1st	
Issue Date =	May 2023	Annual Interest Payments Due =	
Maturity Date =

Par Amount As Of 9/30/23 =	May 2053

$17,130,000	May 1st & November 1st	

West Villages Master Irrigation Utility

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

AMENDED FINAL BUDGET
WEST VILLAGES MASTER IRRIGATION UTILITY FISCAL YEAR 2022/2023
OCTOBER 1, 2022 - SEPTEMBER 30, 2023

REVENUES	FISCAL YEAR 2022/2023 ANNUAL BUDGET 10/1/22 - 9/30/23	
FISCAL YEAR 2022/2023
AMENDED FINAL BUDGET

10/1/22 - 9/30/23	
FISCAL YEAR 2022/2023 ACTUAL
10/1/22 - 9/29/23	
Well Availability Charge	260,213	295,889	295,889	

Capital Recovery	
86,916	
98,630	
98,630	

Water Usage	
605,324	
528,255	
528,255	

Developer Contribution - New Infrastructure	
0	
729,843	
729,843	

Developer Contribution - Operating	
0	
536,527	
536,527	

Interest / Other Income	
0	
7,705	
7,705	

Developer Subsidy	
422,875	
0	
0	

Total Revenues	
$	1,375,328	
$	2,196,848	
$	2,196,848	

EXPENDITURES				

Engineering	
150,000	
190,000	
169,051	

Management	
39,999	
40,000	
39,999	

Operations Administration	
148,000	
148,000	
148,000	

Legal	
10,000	
25,000	
2,658	

Audit	
3,000	
3,000	
2,790	

Miscellaneous	
5,000	
25,000	
19,328	

Infrastucture Maintenance	
260,000	
300,000	
269,548	

Irrigation System Maintenance	
0	
60,000	
42,456	

Electricity	
137,200	
160,000	
141,985	

Water	
145,000	
110,000	
95,108	

Fuel & Oil	
5,000	
0	
0	

Well Availability Payment	
260,213	
295,889	
0	

Capital Recovery Payment	
86,916	
0	
0	

Mechanical Integrity Testing (MIT)	
0	
0	
0	

Capital Outlay - New Infrastructure	
125,000	
900,000	
722,728	

Developer Contribution Repayment	
0	
1,266,369	
0	

Total Expenditures	
$	1,375,328	
$	3,523,258	
$	1,653,650	

Excess/ (Shortfall)	
$	-	
$	(1,326,409)	
$	543,198	

RESOLUTION 2023-26

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE WEST VILLAGES IMPROVEMENT DISTRICT PROVIDING FOR THE DEFENSE AND INDEMNIFICATION OF A BOARD MEMBER; PROVIDING A SEVERABILITY CLAUSE; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the West Villages Improvement District (“District”) is a local unit of special purpose government created and existing pursuant to Chapter 2004-456, Laws of Florida, as amended; and

WHEREAS, the Board of Supervisors (the “Board”) of the District has previously adopted Resolution 2016-08 (the “Resolution”) providing for the defense and indemnification of Board members pursuant to the terms thereof; and

WHEREAS, Supervisor John Meisel (the “Supervisor”) has received notice on or about October 13, 2023, of an administrative proceeding initiated against him on or about October 4, 2023, that was filed with an agency of the State of Florida (the “Proceeding”); and

WHEREAS, the complaint relative to the Proceeding (the “Complaint”) relates to the Supervisor’s activities as the President and representative of West Villagers for Responsible Government, Inc., a not-for-profit entity that advocates for various objectives relating to District affairs, which activities are within the scope of the Supervisor’s office; and

WHEREAS, in compliance with the Resolution, within fourteen (14) calendar days after actual receipt of notice of the Proceeding, the Supervisor has provided the District with a copy of the Complaint and a written request for defense and indemnification by the District; and

WHEREAS, the Supervisor has denied the allegations and conclusions in the Complaint.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE WEST VILLAGES IMPROVEMENT DISTRICT:

SECTION 1. Pursuant to the Resolution and in reliance of the recitals above, the Board hereby determines that the District shall provide defense and indemnification to the Supervisor in relation to the Proceeding, subject to the terms and conditions of the Resolution.

SECTION 2. The District shall retain the services of the firm of Bentley Goodrich Kison,
P.A. as legal counsel for the Supervisor, subject to approval of the terms and conditions of a Fee Agreement as negotiated and finalized by District Counsel. Following approval by District Counsel, the Chairman of the Board is authorized to execute the Fee Agreement. If an agreement cannot be reached, District Counsel shall negotiate and finalize a Fee Agreement with an alternative legal counsel with significant experience in the subject matter at issue. The Chairman of the Board is authorized to execute the Fee Agreement with the alternative legal counsel. The

provision of legal counsel by the District to the Supervisor shall be subject to the terms and conditions of the Resolution.

SECTION 3. If any provision of this resolution is held to be illegal or invalid, the other provisions shall remain in full force and effect.

SECTION 4. This resolution shall become effective upon its passage and shall remain in effect unless rescinded or repealed.

PASSED AND ADOPTED this 9th day of November, 2023.

ATTEST:	WEST VILLAGES IMPROVEMENT DISTRICT

Secretary/Assistant Secretary	Chairperson, Board of Supervisors

CONSIDER APPROVAL OF AMENDMENT TO BRIGHTVIEW LANDSCAPE MAINTENANCE AGREEMENT FOR US 41 PROPERTY

TO BE DISTRIBUTED UNDER SEPARATE COVER

RESOLUTION 2023-27

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE WEST VILLAGES IMPROVEMENT DISTRICT RATIFYING, CONFIRMING, AND APPROVING THE ISSUANCE OF THE WEST VILLAGES IMPROVEMENT DISTRICT SPECIAL ASSESSMENT REVENUE BONDS (UNIT OF DEVELOPMENT NO. 7), SERIES 2023 (VILLAGES F- 3 AND G-1B); RATIFYING, CONFIRMING, AND APPROVING THE ACTIONS OF THE CHAIRMAN, VICE CHAIRMAN, TREASURER, SECRETARY, ASSISTANT SECRETARIES, AND ALL DISTRICT STAFF REGARDING THE ISSUANCE AND CLOSING OF THE WEST VILLAGES IMPROVEMENT DISTRICT SPECIAL ASSESSMENT REVENUE BONDS (UNIT OF DEVELOPMENT NO. 7), SERIES 2023 (VILLAGES F-3 AND G-1B); DETERMINING SUCH ACTIONS AS BEING IN ACCORDANCE WITH THE AUTHORIZATION GRANTED BY THE BOARD; PROVIDING A SEVERABILITY CLAUSE; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the West Villages Improvement District (the “District”), is a local unit of special-purpose government created and existing pursuant to Chapter 2004-456, Laws of Florida, as amended (the “Act”); and

WHEREAS, the District previously adopted resolutions authorizing the issuance of bonds within the scope of the Act, including $4,805,000 Special Assessment Revenue Bonds (Unit of Development No. 7), Series 2023 (Villages F-3 and G-1B) (the “Series 2023 Bonds”); and

WHEREAS, the District closed on the issuance of the Series 2023 Bonds on October 17, 2023; and

WHEREAS, as prerequisites to the issuance of the Series 2023 Bonds, the Chairman, Vice Chairman, Treasurer, Assistant Secretaries, and District Staff including the District Manager, Financial Advisor, Bond Counsel and District Counsel were required to execute and/or deliver various documents (the “Closing Documents”); and

WHEREAS, the District desires to ratify, confirm, and approve all actions of the District Chairman, Vice Chairman, Treasurer, Assistant Secretaries, and District Staff in closing the sale of the Series 2023 Bonds.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE WEST VILLAGES IMPROVEMENT DISTRICT:

SECTION 1. The issuance and closing of the Series 2023 Bonds is in the best interests of the District.
4854-4111-4762.1	Page 1 of 2

SECTION 2. The issuance of the Series 2023 Bonds, the adoption of resolutions relating to such bonds, and all actions taken in the furtherance of the closing on such bonds, are hereby declared and affirmed as being in the best interests of the District and are hereby ratified, approved, and confirmed.

SECTION 3. The actions of the Chairman, Vice Chairman, Treasurer, Secretary, Assistant Secretaries, and all District Staff in finalizing the closing and issuance of the Series 2023 Bonds, including the execution and delivery of the Closing Documents, and such other certifications or other documents required for the closing on the Series 2023 Bonds, are determined to be in accordance with the prior authorizations of the Board and are hereby ratified, approved, and confirmed in all respects.

SECTION 4. If any provision of this Resolution is held to be illegal or invalid, the other provisions shall remain in full force and effect.

SECTION 5. This Resolution shall become effective upon its passage and shall remain in effect unless rescinded or repealed.

PASSED AND ADOPTED this 9th day of November, 2023.

ATTEST:	WEST VILLAGES IMPROVEMENT DISTRICT

Secretary / Assistant Secretary	Chairperson, Board of Supervisors

4854-4111-4762.1	Page 2 of 2