WEST VILLAGES IMPROVEMENT DISTRICT

CITY OF NORTH PORT SARASOTA COUNTY
Landowners’ Meeting & Election & Special Board Meeting
JUNE 28, 2024
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
LANDOWNERS’ MEETING & ELECTION
June 28, 2024
10:00 a.m.

Call to Order
Proof of Publication…	Page 1
Establish Quorum
Election of Chair for Landowners Meeting
Election of Secretary for Landowners’ Meeting
Approval of Minutes
June 27, 2023 Landowners’ Meeting Minutes	Page 2
Election of Supervisors…	Page 6
Determine Number of Voting Units Represented or Assigned by Proxy
Casting of Ballots
Ballot Tabulation and Result
Certification of the Results
Landowners’ Comments
Adjourn

Publication Date 2024-06-21

Subcategory Miscellaneous Notices

NOTICE OF LANDOWNERS MEETING AND ELECTION AND MEETING OF THE BOARD OF SUPERVISORS OF THE WEST VILLAGES IMPROVEMENT DISTRICT
Notice is hereby given to the public and all landowners within West Villages Improvement District (District) the location of which is located in the City of North Port and Sarasota County, Florida, advising that a meeting of landowners will be held for the purpose of electing one (1) person to the Districts Board of Supervisors (Board, and individually, Supervisor). Immediately following the landowners meeting there will be convened a meeting of the Board for the purpose of considering certain matters of the Board to include election of certain District officers, and other such business which may properly come before the Board.
DATE: June 28, 2024
TIME: 10:00 a.m.
PLACE: Chambers of the City of North Port 4970 City Hall Boulevard
North Port, Florida 34286
Each landowner may vote in person or by written proxy. Proxy forms may be obtained upon request at the office of the District Manager, 12260 Everglow Drive, #A3, Venice, Florida 34293, Ph: (941) 244-2805 (District Managers Office). At said meeting each landowner or his or her proxy shall be entitled to nominate persons for the position of Supervisor and cast one vote per acre of land, or fractional portion thereof, owned by him or
her and located within the District for each person to be elected to the position of Supervisor. A fraction of an acre shall be treated as one acre, entitling the landowner to one vote with respect thereto. Platted lots shall be counted individually and rounded up to the nearest whole acre. At the landowners meeting the landowners
shall select a person to serve as the meeting chair and who shall conduct the meeting.
The landowners meeting and the Board meeting are open to the public and will be conducted in accordance with the provisions of Florida law. One or both of the meetings may be continued to a date, time, and place to be specified on the record at such meeting. A copy of the agenda for these meetings may be obtained from the District Managers Office. There may be an occasion where one or more supervisors will participate by
telephone.
Any person requiring special accommodations to participate in these meetings is asked to contact the District Managers Office, at least 48 hours before the hearing. 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 Managers Office.
A person who decides to appeal any decision made by the Board with respect to any matter considered at the meeting is advised that such 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 the appeal is to be based.
William Crosley District Manager
WEST VILLAGES IMPROVEMENT DISTRICT
www.westvillagesid.org
Pub: 6/14 & 6/21/24; #10267360

Page 1

WEST VILLAGES IMPROVEMENT DISTRICT LANDOWNERS’ MEETING
JUNE 27, 2023

CALL TO ORDER
The June 27, 2023, Landowners’ Meeting of the West Villages Improvement District (“WVID” or the “District”) was called to order at 11:00 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 that showed that notice of the Landowners’ Meeting had been published in the Sarasota Herald-Tribune on June 13, 2023, and June 20, 2023, 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:

Supervisor	John Luczynski	Present	
Supervisor	Steve Lewis	Present	
Supervisor	Tom Buckley	Present	
Supervisor	Christine Masney	Present	
Supervisor	John Meisel	Present	

Staff members in attendance were:

District Manager	Todd Wodraska	Special District Services, Inc.	
District Manager	William Crosley	Special District Services, Inc.	
District Manager	Michelle Krizen	Special District Services, Inc.	
District Counsel	Lindsay Whelan	Kutak Rock	
District Engineer	Giacomo Licari	Dewberry	
Operations’ Manager	Ryan Johanneman	Special District Services, Inc	

Also present from the City of North Port were Commissioner Debbie McDowell and Phil Stokes.

ELECTION OF CHAIR FOR LANDOWNERS’ MEETING

A MOTION was made by Mr. Lewis, seconded by Mr. Meisel and passed unanimously electing John Luczynski as Chairman for the Landowners’ Meeting.

ELECTION OF SECRETARY FOR LANDOWNERS’ MEETING

A MOTION was made by Mr. Lewis, seconded by Mr. Meisel and passed unanimously electing William Crosley as Secretary for the Landowners’ Meeting.

APPROVAL OF MINUTES

June 9, 2022, Landowners’ Meeting

A MOTION was made by Mr. Lewis, seconded by Mr. Buckley and passed unanimously approving the minutes of the June 9, 2022, Landowners’ Meeting, as presented.

July 14, 2022, Continued Landowners’ Meeting

A MOTION was made by Mr. Lewis, seconded by Mr. Buckley and passed unanimously approving the minutes of the July 14, 2022, Landowners’ Meeting, as presented.

RECEIVE ENGINEER’S REPORT
Presentation of 2023 Urban Area Map

Mr. Licari presented the population development threshold calculation that will begin once a second resident Board seat is determined by the general election. The purpose of the Urban Area Map is to establish the percentage of areas within the District that have residential development as compared with the total area within the District. Urban area is defined as a contiguous and developed and inhabited area.
Mr. Meisel asked where in the statutes is a Certificate of Occupancy referenced for determining resident population density? Staff explained that if a property was able to be inhabited, that land area would be acknowledged by the existence of a Certificate of Occupancy and so it was reasonable to utilize Certificates of Occupancy to determine the amount of inhabited residential property. This year’s Memorandum offers two calculations. Urban Area Map No.1 provides a calculation of 8.17% density and Urban Area Map No. 2 provides 20.41% density. The difference between the two was Urban Maps is Urban Area Map No.1 only calculated the density of habitable lands by the existence of a Certificate of Occupancy, which tracks a strict reading of the statute, and Urban Map No. 2 calculated the density, including developed but uninhabited areas within a subdivision plat, such as ponds, roadways, and other developed, but uninhabited open space and lands. Wetlands and areas under a conservation easement were still excluded from the calculation, as they are neither developed or inhabited, and are never to be developed in the future. While this approach overlooks the plain meaning of the requirement that a property be inhabited in order to be included within the calculation, the calculation was determined using this interpretation for comparison. Staff noted that the statute that requires the urbanization calculation does not require a full turnover of the District to residents and there are many special districts throughout the state that are or may not have a full transition. There was a lengthy discussion regarding the interpretation of this calculation and the fact that the enabling legislation was not clearly written. Also discussed was the more defined transition process used by community development districts and other more modern special districts. Mr. Meisel stated that he felt this calculation would be contested. Ms. Whelan noted that challenging this calculation is required to be received by the District, in writing, and if that occurs, the District will look to Sarasota County for an opinion pursuant to the District’s enabling legislation. Mr. Luczynski stated that it was important to note that in both scenarios the percentage of the urban area is below the 26% threshold for turnover of a second resident Seat on the Board. Dewberry recommended that the Board seek to modify its transition process with the State of Florida to avoid ambiguity in the transition process. State legislature approval is required for a legislative amendment to modify the current transition process provided by Chapter 2004-456.

ELECTION OF SUPERVISORS
Determine Number of Voting Units Represented or Assigned by Proxy

There were 9,848 voting units represented or assigned by proxy.

Casting of Ballots

Numbered ballots were cast to all owners present, qualified to vote or persons holding proxies.

Ballot Tabulation

Ballot tabulation provided 9,819 votes for Christine Masney and 29 votes for Thomas Mulligan.

Certification of Results

The ballots were certified and the results provided that Christine Masney will serve on the Board until 2027.

LANDOWNER COMMENTS

Mr. Dobrin commented that he had an issue on how the calculation for urban area was performed and asked if District Counsel was aware of anything in the law that contemplates this not to be a unit of local government, to be this hybrid transitional, if she has anything, and if she does not, it is the Board’s duty to ask the Attorney General for an interpretation of the law.

Ms. Whelan stated that there was no case law interpreting the urbanization statute. She also noted that an Attorney General Opinion was not binding and so obtaining this type of an opinion would not exculpate the District from potential litigation.

Mr. Dobrin also commented that he felt that Mr. Licari did not get all of the information correct for the urban density calculation and questioned the results provided by the Dewberry Memo.

Pam Kantola commented that Mr. Luczynski had 9,802 proxies, and that of the residents voting, Ms. Masney received 17 votes and Tom Mulligan received 29 votes. Ms. Kantola questioned the resources used to determine the calculation.

ADJOURNMENT

There being no further business to conduct, a MOTION was made by Mr. Lewis, seconded by Mr. Buckley adjourning the Landowners’ Meeting at 11:42 a.m. That MOTION carried unanimously.

	
Secretary/Assistant Secretary	Chair/Vice-Chair

LANDOWNER PROXY
WEST VILLAGES IMPROVEMENT DISTRICT LANDOWNERS’ MEETING – JUNE 28, 2024

KNOW ALL MEN BY THESE PRESENTS, that the undersigned, the fee simple owner of the lands described herein, hereby constitutes and appoints 	 (“Proxy Holder”) for and on behalf of the undersigned, to vote as proxy at the meeting of the landowners of the West Villages Improvement District to be held at the Chambers of the City of North Port, 4970 City Hall Boulevard, North Port, Florida 34286, on June 28, 2024, at 10:00 a.m., and at any adjournments thereof, according to the number of acres of unplatted land and/or platted lots owned by the undersigned landowner that the undersigned would be entitled to vote if then personally present, upon any question, proposition, or resolution or any other matter or thing that may be considered at said meeting including, but not limited to, the election of members of the Board of Supervisors. Said Proxy Holder may vote in accordance with his or her discretion on all matters not known or determined at the time of solicitation of this proxy, which may legally be considered at said meeting.
Any proxy heretofore given by the undersigned for said meeting is hereby revoked. This proxy is to continue in full force and effect from the date hereof until the conclusion of the landowners’ meeting and any adjournment or adjournments thereof, but may be revoked at any time by written notice of such revocation presented at the landowners’ meeting prior to the Proxy Holder’s exercising the voting rights conferred herein.

Printed Name of Legal Owner		
Signature of Legal Owner

Parcel Description		Date

Acreage	

Authorized Votes	

[Insert above the street address of each parcel, the legal description of each parcel, or the tax identification number of each parcel. If more space is needed, identification of parcels owned may be incorporated by reference to an attachment hereto.]
Total Number of Authorized Votes:

NOTES: Pursuant to Chapter 2004-456(4), Laws of Florida, a fraction of an acre is treated as one (1) acre entitling the landowner to one vote with respect thereto. For purposes of determining voting interests, platted lots shall be counted individually and rounded up to the nearest whole acre. Moreover, two (2) or more persons who own real property in common that is one acre or less are together entitled to only one vote for that real property.

If the fee simple landowner is not an individual, and is instead a corporation, limited liability company, limited partnership or other entity, evidence that the individual signing on behalf of the entity has the authority to do so should be attached hereto (e.g., bylaws, corporate resolution, etc.).

OFFICIAL BALLOT
WEST VILLAGES IMPROVEMENT DISTRICT LANDOWNERS’ MEETING - JUNE 28, 2024

For Election (1 Supervisor): The candidate receiving the highest number of votes will receive a four (4) year term, with the term of office for the successful candidate commencing upon election.
The undersigned certifies that he/she/it is the fee simple owner of land, or the proxy holder for the fee simple owner of land, located within the West Villages Improvement District and described as follows:

Description	Acreage

[Insert above the street address of each parcel, the legal description of each parcel, or the tax identification number of each parcel.] [If more space is needed, identification of parcels owned may be incorporated by reference to an attachment hereto.]
or

Attach Proxy.

I, 	, as Landowner, or as the proxy holder of 	
(Landowner) pursuant to the Landowner’s Proxy attached hereto, do cast my votes as follows:

SEAT #	NAME OF CANDIDATE	NUMBER OF VOTES	

3			

Date: 		Signed: 	
Printed Name: 	

Call to Order

AGENDA
WEST VILLAGES IMPROVEMENT DISTRICT
Chambers Room – City of North Port 4970 City Hall Boulevard North Port, Florida 34286
SPECIAL BOARD MEETING & ATTORNEY-CLIENT SESSION
June 28, 2024
10:00 a.m.

Proof of Publication	Page 9
Seat New Board Member
Administer Oath of Office & Review Board Member Responsibilities and Duties
Establish Quorum
Election of Officers
Chairman
Vice Chairman
Secretary/Treasurer
Assistant Secretaries
Discussion Regarding Public Decorum at Board Meetings…	Page 10
Comments from the Public on All Agenda Items
Approval of Minutes
May 9, 2024 Regular Board Meeting Minutes	Page 11
May 9, 2024 Audit Committee Minutes	Page 20
Attorney-Client Session Relative to Litigation	Page 22
General District Matters
Consider Resolution No. 2024-17 – Approving Proposed Budgets for Fiscal Year 2024/2025;
Declaring Special Assessments to Fund the Proposed Budgets	Page 23
Consider Approval of Interlocal Agreement with Sarasota County on River Road Project	Page 83
Consider Approval of Funding Agreement with Wellen Park LLLP on River Road Project	Page 96
Discussion Regarding District Performance Goals and Objectives	Page 101
Unit of Development 1
Consider Approval of First Amendment to Downtown Infrastructure Maintenance Agreement	Page 103
Consider Approval of Change Order No. 10 between the District and the Demoya Inc. for Wellen
Park Blvd. Roundabout and US 41/State Road 45 Improvement Project	Page 107
Unit of Development 3
1.  Review of Response to Supplemental Letter from EWD on Interlocal Agreement Termination	Page 109
Administrative Matters
District Engineer
District Attorney
District Operations Manager
District Manager
Board Member Comments

Publication Date 2024-06-21

Subcategory Miscellaneous Notices

NOTICE OF LANDOWNERS MEETING AND ELECTION AND MEETING OF THE BOARD OF SUPERVISORS OF THE WEST VILLAGES IMPROVEMENT DISTRICT
Notice is hereby given to the public and all landowners within West Villages Improvement District (District) the location of which is located in the City of North Port and Sarasota County, Florida, advising that a meeting of landowners will be held for the purpose of electing one (1) person to the Districts Board of Supervisors (Board, and individually, Supervisor). Immediately following the landowners meeting there will be convened a meeting of the Board for the purpose of considering certain matters of the Board to include election of certain District officers, and other such business which may properly come before the Board.
DATE: June 28, 2024
TIME: 10:00 a.m.
PLACE: Chambers of the City of North Port 4970 City Hall Boulevard
North Port, Florida 34286
Each landowner may vote in person or by written proxy. Proxy forms may be obtained upon request at the office of the District Manager, 12260 Everglow Drive, #A3, Venice, Florida 34293, Ph: (941) 244-2805 (District Managers Office). At said meeting each landowner or his or her proxy shall be entitled to nominate persons for the position of Supervisor and cast one vote per acre of land, or fractional portion thereof, owned by him or
her and located within the District for each person to be elected to the position of Supervisor. A fraction of an acre shall be treated as one acre, entitling the landowner to one vote with respect thereto. Platted lots shall be counted individually and rounded up to the nearest whole acre. At the landowners meeting the landowners
shall select a person to serve as the meeting chair and who shall conduct the meeting.
The landowners meeting and the Board meeting are open to the public and will be conducted in accordance with the provisions of Florida law. One or both of the meetings may be continued to a date, time, and place to be specified on the record at such meeting. A copy of the agenda for these meetings may be obtained from the District Managers Office. There may be an occasion where one or more supervisors will participate by
telephone.
Any person requiring special accommodations to participate in these meetings is asked to contact the District Managers Office, at least 48 hours before the hearing. 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 Managers Office.
A person who decides to appeal any decision made by the Board with respect to any matter considered at the meeting is advised that such 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 the appeal is to be based.
William Crosley District Manager
WEST VILLAGES IMPROVEMENT DISTRICT
www.westvillagesid.org
Pub: 6/14 & 6/21/24; #10267360

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.

Page 10

WEST VILLAGES IMPROVEMENT DISTRICT REGULAR BOARD MEETING & ATTORNEY-CLIENT SESSION
MAY 9, 2024

CALL TO ORDER

The May 9, 2024, Regular Board Meeting of the West Villages Improvement District (“WVID” or the “District”) was called to order at 10:03 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 April 26, 2024.

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	

District Manager	William Crosley	Special District Services, Inc.	
District Operations Manager	Ryan Johanneman	Special District Services, Inc.	
District Counsel	Lindsay Whelan	Kutak Rock LLP	
District Engineer	Giacomo Licari	Dewberry	

Also present were City of North Port Commissioner Phil Stokes; WVID FEMA Consultant Erica Klevers; Michelle Krizen of Special District Services, Inc.; and those indicated on the attached sign-in sheet.

DISCUSSION REGARDING PUBLIC DECORUM AT BOARD MEETINGS

Chairman Luczynski read the District’s public decorum policy previously approved by the Board.

COMMENTS FROM THE PUBLIC FOR ALL AGENDA ITEMS
Cathy Hamby commented on the process that the District elects its Supervisors.
Rich Bando asked for an update on the status of the irrigation in Gran Paradiso, and inquired as to the daily allocation being delivered to the community and if the water was being turned off after the daily allocation. Mr. Bando also commented that the irrigation system that is operated by the Gran Paradiso POA was a mess, that timers on individual homes were not programmed properly and residents were taking their own responsibility to conserve irrigation water.

Victor Dobrin stated that he was commenting as a resident of Gran Paradiso and not in his capacity as President of the Gran Paradiso POA, and that in his opinion good things were happening by the cooperation with the WVID and GP POA. He stated that litigation will cost a lot of money for the whole District, and urged the Board to conserve fiscal resources relative to the litigation. Mr. Dobrin also commented that he understood there would be road resurfacing in Gran Paradiso on District owned roads and wanted to ensure that no repairs were duplicated on the roads that were improved in the recent past.

APPROVAL OF MINUTES

March 5, 2024, Master Irrigation Presentation Workshop

A MOTION was made by Mr. Lewis, seconded by Ms. Masney approving the minutes of the March 5, 2024, Master Irrigation Presentation Workshop, as presented.

March 21, 2024, Irrigation Rate Study Workshop

A MOTION was made by Mr. Lewis, seconded by Mr. Buckley and passed unanimously approving the minutes of the March 21, 2024, Irrigation Rate Study Workshop, as presented.

April 11, 2024, Public Hearing & Regular Board Meeting

Mr. Meisel stated the minutes of April 11, 2024, Public Hearing & Regular Board Meeting should be amended to reflect that he asked the question if it was possible to meter all withdraw points and the response was that no, all withdraw points are not metered at this time but a cost estimate could be completed to determine the actual cost.

A motion was made by Mr. Lewis, seconded by Mr. Meisel and passed unanimously approving the minutes of April 11, 2024, Public Hearing & Regular Board Meeting, subject to Mr. Meisel’s request for amendment.

ATTORNEY-CLIENT SESSION RELATIVE TO GRAN PARADISO HOA IRRIGATION LITIGATION

The Attorney-Client Session was not needed at this time.

GENERAL DISTRICT MATTERS

There were no General District Matters to come before the Board.

UNIT OF DEVELOPMENT NO. 1

Consider Invoice for Talon Towing Regarding Sidewalk Damage

Mr. Crosley explained that Talon Towing had damaged a District sidewalk while attempting to tow a large vehicle. The District sent two letters to Talon Towing to recover the repair expenses of $4,524. A letter to Talon Towing was sent on March 15, 2024, and then after receiving no response, a second letter was sent on April 5, 2024, requesting Talon Towing to remit payment to the District within 10 days. There have been no responses to the letters and there have been no payments made on the invoice sent to Talon Towing. Mr. Meisel asked what the legal probability of success was to recover the money. Ms. Whelan explained that as with any matter, it was difficult to identify the probability of success because that requires a willing

party to settle. So assuming the District is able to achieve a quick settlement after a small claims’ lawsuit is filed we may be able to recover for relatively little legal effort, but if they dig their heels in and force the whole small claims court process, those legal fees could be well in excess of $4,500 and those legal fees are not recoverable from Talon Towing.

There was consensus of the Board to not attempt to recover the damage expenses. Mr. Luczynski recommended that the District send correspondence to the communities within the District regarding the situation that occurred between Talon Towing and the District, and copy Talon Towing, so that other customers within the community are aware. There was consensus of the Board to send the suggested correspondence.

Consider Change Order No. 9 between the District and DeMoya, Inc. for Wellen Park Boulevard Roundabout and US 41/State Road 45 Improvement Project

Mr. Licari explained that this change order was due to quantities missing from the original bid document. Quantities such as mitered storm sewer end sections and truncated domes for sidewalks. This change order is an increase in the amount of $16,500 which brings the total contract price to date of $10,846,534.82.

A MOTION was made by Mr. Lewis, seconded by Mr. Meisel and passed unanimously approving Change Order No. 9 between the District and DeMoya, Inc. for the Wellen Park Boulevard Roundabout and US 41/State Road 45 Improvement Project in the amount of $16,500, as presented.

Discussion Regarding FEMA

Ms. Klevers gave an update on the FEMA claim submission for costs incurred from Hurricane Ian. There have been multiple FEMA Program Managers assigned to the District’s claim, which has greatly lengthened the timeline for submission. The District is prepared to submit the final application to FEMA during the week of May 12, 2024. There are two classifications for submission to FEMA. One classification is for damages on District owned assets inside of Gran Paradiso (“GP”), and the other is for assets owned by the District outside of GP.

GP provided invoices and insurance information in the amount of $100,282.85 related to street lighting. Based on documents the District has received, five out of a total of six invoices that equaled
$62,434.65 were submitted by GP to its insurance company where GP received a payout of $42,350.95. The remaining deductible of $14,829 will be submitted to FEMA as part of the claim and could be approved as a reimbursement to GP. The remaining invoice in the amount of $37,847.90, not included in GP’s letter from their insurance company, Tower Hill, is not included in the District’s claim because it is believed that those expenses are eligible for insurance by GP. There is no record that the District has received to determine if those expenses were submitted by GP to its insurance company.

Regarding street signs, GP provided five invoices that totaled $57,760; however those invoices comingled expenses for each of the responsible parties and did not differentiate between District asset expenses and GP asset expenses. Three of the invoices did not include District assets at all. One invoice clearly states locations where work was completed and six of the locations on that invoice were determined to be the responsibility of the District. On the final invoice there was not enough information to be able to determine the responsible parties. The District intends to submit a claim for $4,620 of the $57,000 for street signs unless GP can provide detailed information identifying expenses that are only related to District assets. Ms.

Klevers expressed that the District has made multiple attempts to get additional information and backup documentation from GP in order to substantiate the GP portion of the FEMA claim to no avail, but that the District needs to file its submission by May 15th.

Mr. Luczynski stated that GP must get all required documentation needed to Ms. Klevers by May 13th in order to be included in the District’s submission. Victor Dobrin, GP POA President, stated that he would work towards getting that deadline met. Jim Cranston offered assistance for hurricane preparedness.

The Board also discussed the benefit of prequalifying disaster-related contractors to expedite the FEMA process in the future. Staff agreed to coordinate to prepare the necessary project manuals.

UNIT OF DEVELOPMENT NO. 3
Consider Resolution No. 2024-15 – Indemnifying District Counsel Whelan Regarding Irrigation Lawsuit

Resolution No. 2024-15 was presented, entitled:

RESOLUTION 2024-15

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

Mr. Crosley explained that Ms. Whelan advised the District that she had received notice on April 10, 2024, of a Motion for Leave to File Second Amended Complaint filed in the Twelfth Judicial Circuit Court relative to the ongoing GPPOA litigation which requests to add her as a named defendant in her individual, personal capacity, alleging violations of law with respect to actions taken in her role as District Counsel. In compliance with Resolution 2016-08, within fourteen (14) calendar days after actual receipt of notice of the Motion, Ms. Whelan provided the District with a copy of the Motion and a written request for defense and indemnification by the District.

Mr. Meisel made a MOTION to table the item since the Court had recently ruled that Ms. Whelan was not permitted to be added as a named defendant in the GPPOA litigation. After further discussion with the Board regarding that the scope of this indemnification should relate to both defense of the filed motion as well as any future litigation filed alleging violations of law with respect to the same actions taken in her role as District Counsel, Mr. Meisel withdrew his MOTION.

A MOTION was made by Mr. Lewis, seconded by Mr. Luczynski adopting Resolution No. 2024-15, as presented. Upon being put to a vote, the MOTION carried 4 to 1 with Mr. Meisel dissenting.

Discussion Regarding Correspondence to/from Englewood Water District Regarding Termination of Reclaimed Water Agreement

Ms. Whelan explained that based on discussions at the April Board meeting, and at the request of the Board, her office sent a letter to Englewood Water District (“EWD”) requesting confirmation regarding the 2019 letter where EWD terminated the water supply agreement between the District and EWD, specifically whether the person who sent that letter was properly authorized to send the notice of termination. He stated that EWD’s response is included in the agenda package.

Mr. Meisel responded that Ms. Whelan asked the right question in her letter, but he felt that the EWD response letter danced around answering that specific question and instead stated that the EWD supervisors were aware of Mr. Burrow’s actions. He recommended that Ms. Whelan go back to EWD and ask them again to directly answer whether Mr. Burrows was authorized to send the letter.

Mr. Whelan explained that the letter from EWD’s legal counsel essentially confirms that the EWD Board was aware that Mr. Burrows was sending a letter terminating the agreement, which was apparently discussed during EWD Board meetings, but if the District Board would like her to, she would be happy to go back to EWD’s legal counsel to seek further clarification.

Mr. Luczynski asked Ms. Whelan to reach back out to EWD and specifically ask if Mr. Burrows was authorized to terminate the water supply agreement. He inquired whether we have received any water from EWD in April and Mr. Johanneman confirmed that the District has not received irrigation water from EWD after the effective date of the agreement termination.

UNIT OF DEVELOPMENT NO. 6

Discussion Regarding District Wide Irrigation Water Allocations

Mr. Licari reminded the Board that back in December 2023 the District sent a letter to the HOAs that purchase water from the District stating that due to significant impacts that the District is experiencing from lack of stormwater and lack of reclaimed water from EWD and Sarasota County, and due to a recent Southwest Florida Water Management District-imposed Phase I water restrictions order affecting the region, that WVID was taking proactive measures to conserve irrigation water and was holding all communities to their AGMOD allocation set forth in their irrigation agreements. In the letter, it was recognized that during the dry months, if a community needed additional water, that they should reach out to the WVID to discuss a plan to increase the amount of irrigation water they were receiving. The District has recently been in contact with Gran Paradiso, Preserve, Oasis, Renaissance and Tortuga to work out a plan for temporary increases of irrigation water for the short period of time until the rainy season begins, hopefully in late May or early June.

Mr. Licari explained that in order to stay in compliance with the District’s Water Use Permit, communities need to manage their allocations each month, but they have to also manage a 12-month rolling average of irrigation water use. When a community exceeds their 12-month rolling average, the District needs to work with the community on their required water conservation plan to keep the District in compliance of its Water Use Permit. It is critical that communities conserve irrigation water during the rainy season so there is more available during the dry months. There was further discussion regarding drought allocations, peak month allocations, daily allocations, and Tier II charges.

District staff confirmed that all communities were being treated the same and being held to their AGMOD irrigation allocations. Mr. Crosley stated that many communities were in fact actually continuously operating under their budgeted AGMOD allocations.

Mr. Meisel stated that he felt that that District roadways were being overwatered based on residents reaching out to him on the topic. Ms. Whelan reiterated that the proper procedure when residents reach out to Board Supervisors on field-related matters is for the Supervisor to disseminate that information to the District’s Operations Manager for him to investigate versus letting the Board know one month later when staff isn’t able to either verify or contradict the observation. Following this process will allow the District to react to field-related matters in real time for the benefit of residents and landowners.

UNIT OF DEVELOPMENT NO. 10

Consider Resolution No. 2024-16 – Ratifying Series 2024 Bonds

Resolution No. 2024-16 was presented, entitled:

RESOLUTION 2024-16

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 CAPITAL IMPROVEMENT REVENUE BONDS (UNIT OF DEVELOPMENT NO. 10), SERIES 2024 (ASSESSMENT AREA ONE); 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 CAPITAL IMPROVEMENT REVENUE BONDS (UNIT OF DEVELOPMENT NO. 10), SERIES 2024 (ASSESSMENT AREA ONE); DETERMINING SUCH ACTIONS AS BEING IN ACCORDANCE WITH THE AUTHORIZATION GRANTED BY THE BOARD; PROVIDING A SEVERABILITY CLAUSE; AND PROVIDING AN EFFECTIVE DATE.

Ms. Whelan presented the resolution, noting that it was post-closing ratification of staff’s actions for the Unit 10 bonds that were issued on April 25, 2024.

A MOTION was made by Mr. Buckley, seconded by Mr. Meisel and passed unanimously adopting Resolution No. 2024-16, as presented.

Supervisor Lewis left the meeting at 11:23 a.m. and returned at 11:28 a.m. and was absent for this vote.

ADMINISTRATIVE MATTERS

District Engineer

Consider Ratification of Change Order No. 1 between the District and Ajax Paving for Playmore Road Resurfacing Project

Mr. Licari presented Change Order No. 1 for the Playmore resurfacing project which increases the contract by the amount of $33,040. The new total for the contract is $319,844.

Mr. Licari also noted that an analysis of the costs for road resurfacing in Gran Paradiso would be prepared in order to compare the quotes received last year so a budget can be produced.

A motion was made by Mr. Buckley, seconded by Mr. Meisel and passed unanimously ratifying Change Order No. 1 between the District and Ajax Paving for the Playmore Road Resurfacing Project in the amount of $33,040, as presented.

District Attorney

Ms. Whelan reported that the result of the hearing on the GPPOA’s motion to amend its complaint to include additional defendants was already discussed earlier in the meeting. The only other GPPOA litigation update was that a hearing was held recently on the District’s motion to compel the GPPOA to comply with the District’s discovery requests. At that hearing, the judge ruled in favor of the District and the GPPOA is required to comply with the District’s discovery requests by May 11, 2024.

She noted that there will be a similar hearing coming up on the Unit 6 assessment litigation regarding the Plaintiff’s failure to comply with the District’s discovery requests in that case as well.

With respect to the urbanization litigation, a two-day has been set which will occur between July 14-25, 2025.

Mr. Meisel asked if staff should prepare a preliminary urbanization calculation instead of presenting it at the Landowners Meeting in June. Ms. Whelan stated that staff’s recommendation was not to perform the exercise of an urbanization calculation this year since the urbanization calculation done last year is under current litigation and did not seem to be a good use of District resources to prepare another urbanization report that is likely to be challenged. That would require the District to defend two lawsuits instead of just one. Ms. Whelan also commented that the statute requires an urbanization calculation to be done every five years, so the District is fully compliant with the statute in not preparing a report for 2024. Ms. Whelan also commented that last year the Board directed staff to pursue a legislative amendment to its enabling legislation and that amendment would revise the manner of calculation of the District’s turnover of Board seats from the more subjective urbanization calculations to an objective concrete defined method so any additional urbanization reports are essentially moot while that legislative process plays out. Mr. Luczynski asked if any expenses associated with the urbanization calculation for the last three years could be tallied and reported to the Board at the next meeting.

District Operations’ Manager

Discussion Regarding Phase 1 South West Florida Water Management District Restrictions
This item was previously discussed under agenda item K-1.

Discussion Regarding Metering of District Property
Mr. Johanneman noted that, per Mr. Meisel’s requests, staff was currently working on the exercise to determine the cost to install meters on all District-owned common areas. As previously discussed, currently the water consumed by the District is estimated by subtracting the amount of water going to individual communities from the total volume of irrigation water being utilized within the District.

Mr. Luczynski then asked if the irrigation water that irrigated the District lands could provide amounts used on specific common areas throughout the District. Mr. Licari responded no, the amount of water used by the District was in totality, not by individual roads or common areas. He explained that the exercise currently underway was to determine where new meters would need to be placed, how many were needed, and the cost for installation so that the District would be able to identify by each specific common area how much water was being utilized by the District.

Mr. Meisel stated that he did not feel that the exercise to meter the District’s common areas was necessary if the total amount used by the District can be determined in the manner that Mr. Johanneman referenced. Mr. Luczynski stated that he agrees that the exercise was not necessary but staff was trying to accommodate Mr. Meisel’s prior requests for the metering of District common areas.

Mr. Meisel asked for the total AGMOD allocation for the District lands, so there is accountability for the District since each community was being held to its AGMOD allocation. Staff stated that this information would be provided to Mr. Meisel, but that recently completed and acquired roadway right-of-way is in the process of being included so the calculation would be provided once updated by the District’s hydrologist.

There was also discussion of different soil types in Florida, and the fact that some may offer a higher AGMOD allocation of irrigation water. Mr. Meisel requested that the District modify its SWFWMD Water Use Permit to state that a different soil type is present within the District in order to obtain a higher AGMOD for the development. Staff indicated that soil testing would have occurred at the time of SWFWMD permit issuance but that they will reach out to the District hydrologist to see if there are changed circumstances that may warrant a revision to the Water Use Permit. However, they cautioned that any change in the listed soil type should be supported by scientific testing.

District Manager

Records Management Memo and Form for Approval
Mr. Crosley presented the records management memo which designates Todd Wodraska as the custodian of records and William Crosley as the District records management liaison officer.

Announce Landowners’ Meeting – June 14, 2024
Mr. Crosley announced the date of the upcoming annual landowners’ meeting. After Board discussion on conflicting schedules, the June 14, 2024, Landowners Meeting date will be changed to a later date and will be communicated with the Board. In addition, the date change will be posted on the District’s website.

Discussion Regarding Legal Fee Charges for Multiple Commission of Ethics Complaints
Mr. Crosley stated that, at the direction of the Chair at the last meeting, staff researched the total cost for legal representation of the multiple complaints filed against WVID Supervisors and found that the expense to date is $10,050. He stated that amount has been received as reimbursement by the District’s insurance company.

BOARD MEMBER COMMENTS

Mr. Luczynski advised of a conversation he had with Todd Wodraska, President of SDS, regarding the district and operations management contract fees, staff levels, etc. and stated that since he has been on the Board, he was not aware of any update to the management contract. Mr. Wodraska is preparing an updated contract that will be considered by the Board in order to allow for any FY 24/25 budget considerations.
Mr. Luczynski then congratulated Commissioner Stokes and the City of North Port on its recent win in Court relative to the deannexation effort. Mr. Luczynski reminded everyone that the City of North Port was required pursuant to an agreement between the entities to reimburse the WVID and developer up to
$90,000,000 for the expenses collected by the City for roadway impact fees paid by builders for the construction of new homes. The total investment for the construction of these roads to date is $119,302,510 and the District is to receive reimbursement in full before the developer receives any remaining impact fees. The developer has invested approximately $70,000,000 and the District has invested $52,486,000 in the construction of roadways. The District has received $7,748,000 in impact fee reimbursements from the City to date pursuant to that agreement, which will be used for the construction of additional new public

infrastructure. WVID will at some point receive the remaining $44,738,000, benefitting taxpayers within the District, and he noted that every penny of that remaining money would have been lost if the City had not prevailed in the deannexation Court case.

ADJOURNMENT

There being no further business to come before the Board, the Regular Board Meeting was adjourned at 12:00 p.m. on a MOTION made by Mr. Luczynski, seconded by Mr. Buckley and passed unanimously.

Secretary/Assistant Secretary	Chair/Vice Chair

WEST VILLAGES IMPROVEMENT DISTRICT AUDIT COMMITTEE MEETING
MAY 9, 2024

CALL TO ORDER

The May 9, 2024, Audit Committee Meeting of the West Villages Improvement District (“WVID” or the “District”) was called to order at 10:03 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 Audit Committee Meeting had been published in the Sarasota Herald-Tribune on April 26, 2024.

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	

District Manager	William Crosley	Special District Services, Inc.	
District Manager	Michelle Krizen	Special District Services, Inc.	
District Operations Manager	Ryan Johanneman	Special District Services, Inc.	
District Counsel	Lindsay Whelan	Kutak Rock LLP	
District Engineer	Giacomo Licari	Dewberry	

CONSIDER RFP DOCUMENTS

Mr. Crosley presented the Request For Proposal instructions to auditors who wish to submit a proposal, the Auditor Evaluation Criteria that will be used by the Committee to select an auditor, and the legal advertisement that will run on May 10, 2024, soliciting bids for auditing services for the fiscal year ending 2024 and four (4) additional optional annual renewals.

A MOTION was made by Mr. Buckley, seconded by Ms. Masney and passed unanimously approving the Request For Proposal instructions to auditors who wish to submit a proposal, the Auditor Evaluation Criteria that will be used by the Committee to select an auditor (with price included as a factor), and the legal advertisement that will run on May 10, 2024, as presented.

COMMENTS

Mr. Meisel asked how the District identifies those who we want to respond to the RFP. It was explained that a legal advertisement is published in the newspaper requesting bids from auditors. Audits are completed each year, as required by statute, however the audit request for proposals is done every 5 years and auditors are selected competitively, as required by law.

Mr. Meisel asked if there were other services that the District receives, such as legal counsel and staff services, that require the same RFP process as the one currently being done for auditor services.

Ms. Whelan responded that there was no RFP process required by law for legal, management or operations management services.

ADJOURNMENT

There being no further business to come before the Audit Committee, the Meeting was adjourned at 10:15
p.m. on a MOTION made by Mr. Buckley, seconded by Mr. Lewis and passed unanimously.

Secretary/Assistant Secretary	Chair/Vice Chair

Publication Date 2024-06-21

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 June 28, 2024, 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 TRIBUNE 06/21/24;#10290601

RESOLUTION 2024-17

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE WEST VILLAGES IMPROVEMENT DISTRICT APPROVING PROPOSED BUDGET(S) FOR FY 2025; DECLARING SPECIAL ASSESSMENTS TO FUND THE PROPOSED BUDGETS PURSUANT TO CHAPTERS 170 AND 197, FLORIDA STATUTES, AND CHAPTER 2004-456, LAWS OF FLORIDA; SETTING PUBLIC HEARINGS THEREON AND DIRECTING PUBLICATION; ADDRESSING TRANSMITTAL AND POSTING REQUIREMENTS; ADDRESSING SEVERABILITY AND EFFECTIVE DATE.

WHEREAS, for the fiscal year beginning October 1, 2024, and ending September 30, 2025 (“FY 2025”), the District Manager prepared and submitted to the Board of Supervisors (“Board”) of the West Villages Improvement District (“District”), the proposed budget(s) attached hereto as Exhibit A (“Proposed Budget”); and

WHEREAS, it is in the best interest of the District to fund the administrative and operations services (together, “Services”) set forth in the Proposed Budget by levy of special assessments pursuant to Chapters 170 and 197, Florida Statutes, and Chapter 2004-456, Laws of Florida, as amended, (“Assessments”), as set forth in the preliminary assessment roll included within the Proposed Budget; and

WHEREAS, the District hereby determines that benefits would accrue to the properties within the District, as outlined within the Proposed Budget, in an amount equal to or in excess of the Assessments, and that such Assessments would be fairly and reasonably allocated as set forth in the Proposed Budget; and

WHEREAS, the Board has considered the Proposed Budget, including the Assessments, and now desires to set the required public hearing on the Proposed Budget.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE WEST VILLAGES IMPROVEMENT DISTRICT:
PROPOSED BUDGET APPROVED. The Proposed Budget attached hereto as Exhibit A is hereby approved preliminarily as the basis for conducting a public hearing to adopt said Proposed Budget.

DECLARING ASSESSMENTS. Pursuant to Chapters 170 and 197, Florida Statutes, and Chapter 2004-456, Laws of Florida, as amended, the Assessments shall defray the cost of the Services in the total estimated amounts set forth in the Proposed Budget. The nature of, and plans and specifications for, the Services to be funded by the Assessments are described in the Proposed Budget and in the reports (if any) of the District Engineer, all of which are on file and available for public inspection at the “District’s Office,” 2501-A Burns Road, Palm Beach Gardens, Florida 33410 and 12260 Everglow Drive, #A3, Venice, Florida 34293. The Assessments shall be levied within the District on all benefitted lots and lands, and shall be apportioned, all as

1

described in the Proposed Budget and the preliminary assessment roll included therein. The preliminary assessment roll is also on file and available for public inspection at the District’s Office. The Assessments shall be paid pursuant to Chapter 170, Florida Statutes, or, alternatively, pursuant to the Uniform Method as set forth in Chapter 197, Florida Statutes.

SETTING A PUBLIC HEARING; DIRECTING PUBLICATION. Public
hearings on said approved Proposed Budget and Assessments are hereby declared and set for the following date, time, and location, and District staff is directed to provide notice of the same in accordance with Florida law:

DATE:		, 2024
TIME:	10:00 A.M.
LOCATION: Commission Chambers
4970 City Hall Boulevard North Port, Florida 34286

TRANSMITTAL TO LOCAL GENERAL PURPOSE GOVERNMENT;
POSTING OF PROPOSED BUDGET. The District Manager is hereby directed to (i) submit a copy of the Proposed Budget to the applicable local general-purpose government(s), and (ii) in accordance with Section 189.016, Florida Statutes, post the Proposed Budget approved by this Resolution on the District’s website at least two (2) days before the public hearing on the adoption of the Proposed Budget as set forth in Section 3, which Proposed Budget shall remain on the District’s website for forty-five (45) days.

SEVERABILITY; EFFECTIVE DATE. The invalidity or unenforceability of any one or more provisions of this Resolution shall not affect the validity or enforceability of the remaining portions of this Resolution, or any part thereof. This Resolution shall take effect immediately upon adoption.
PASSED AND ADOPTED THIS 28th DAY OF JUNE, 2024.

ATTEST:	WEST VILLAGES IMPROVEMENT DISTRICT

Secretary / Assistant Secretary	Chair / Vice Chair, Board of Supervisors

Exhibit A:	Proposed Budget

2

Exhibit A

Proposed Budget

Prepared by

West Villages Improvement District

Proposed Budget For Fiscal Year 2024/2025
October 1, 2024 - September 30, 2025

Table of Contents

Proposed Budget - Overall Budget By Unit
Proposed Infrastructure Maintenance Breakdown
Proposed Budget - District Proper
Proposed Budget - Unit 1
Proposed Budget - Unit 2
Proposed Budget - Unit 3
Proposed Budget - Unit 4
Proposed Budget - Unit 5
Proposed Budget - Unit 7
Proposed Budget - Unit 8
Proposed Budget - Unit 9
Proposed Budget - Unit 10
Budget Comparison
Proposed Debt Service Fund Budget - Unit 1
Proposed Debt Service Fund Budget - Unit 2
Proposed Debt Service Fund Budget - Unit 3
Proposed Debt Service Fund Budget - Unit 4
Proposed Debt Service Fund Budget - Unit 5
Proposed Debt Service Fund Budget - Unit 7
Proposed Debt Service Fund Budget - Unit 8
Proposed Debt Service Fund Budget - Unit 9
Proposed Debt Service Fund Budget - Unit 10
Assessment Recap - District Proper
Assessment Recap - Unit 1
Assessment Recap - Unit 2 Total Gross
Assessment Recap - Unit 2 Collection Method
Assessment Recap - Unit 3 Total Gross
Assessment Recap - Unit 4 Total Gross
Assessment Recap - Unit 4 Collection Method
Assessment Recap - Unit 7 Total Gross
Assessment Recap - Unit 7 Collection Method
Assessment Recap - Unit 8 Total Gross
Assessment Recap - Unit 8 Collection Method
Assessment Recap - Unit 9 Total Gross
Assessment Recap - Unit 9 Collection Method
Assessment Recap - Unit 10 Total Gross
Assessment Recap - Unit 10 Collection Method
Assessments - Islandwalk
Assessments - Gran Paradiso
Assessments - Renaissance, Oasis, Preserve
Assessments - Unit 7 Villages
Assessments - Unit 8 Villages
Assessments - Unit 9 Villages
Assessments - Unit 10 Villages
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 A-8  Debt Assessment Methodology - Unit 10

TOC-1

 FY 24/25 Overall Budget By Unit	

	District Proper	Unit 1	Unit 2	Unit 3	Unit 4	Unit 5	Unit 7	Unit 8	Unit 9	Unit 10	Total	
												
REVENUES												
O & M Assessments	426,777	3,891,034	53,410	472,819	101,338	0	177,409	21,369	0	0	5,144,155	
O & M Direct Bill	24,330	0	0	0	-1,553	0	132,740	113,418	211,005	354,055	833,996	
Debt Assessments	0	2,525,526	2,703,324	1,350,786	866,319	0	1,616,475	384,906	0	0	9,447,335	
Debt Direct Bill	0	0	0	0	23,326	3,625,720	1,341,227	1,515,761	1,167,469	1,315,571	8,989,074	
Interest / Other Incomes	1,000	35,000	0	0	0	0	0	0	0	0	36,000	
Developer Funding	0	0	0	0	0	56,672	0	0	0	0	56,672	
Carry Over From Prior Year	0	0	0	0	0	0	0	0	0	0	0	
Total Revenues	 $	452,107 	 $	6,451,559 	 $	2,756,733 	 $	1,823,605 	 $	989,431 	 $	3,682,392 	 $	3,267,851 	 $	2,035,454 	 $	1,378,474 	 $	1,669,626 	$  24,507,232	
												
EXPENDITURES												
Infrastructure Maintenance	0	3,322,367	0	325,000	42,250	2,072	205,500	47,500	156,000	299,050	4,399,739	
GIS Project	20,000	0	0	0	0	0	0	0	0	0	20,000	
Engineering	25,000	60,000	2,000	25,000	2,500	2,500	20,000	20,000	5,000	5,000	167,000	
Management	76,000	12,005	12,005	22,500	12,005	12,000	12,005	12,005	12,005	12,005	194,535	
Operations Administration	40,000	50,000	12,000	25,000	12,000	0	12,000	12,000	12,000	12,000	187,000	
Legal	60,000	50,000	10,000	35,000	13,000	0	20,000	15,000	10,000	10,000	223,000	
Assessment Roll	10,000	1,500	1,500	1,500	1,500	0	1,500	1,500	1,500	1,500	22,000	
Audit Fees	6,500	3,000	3,000	3,000	3,000	3,000	3,000	3,000	3,000	3,000	33,500	
Arbitrage Rebate Fee	0	1,500	1,500	1,500	1,500	0	1,500	1,500	1,000	1,000	11,000	
Rents & Leases	15,000	0	0	0	0	0	0	0	0	0	15,000	
Insurance	125,000	0	0	0	0	0	0	0	0	0	125,000	
Legal Advertising	5,000	0	0	0	0	0	0	0	0	0	5,000	
Miscellaneous	5,000	1,700	1,700	1,700	1,700	30,000	5,000	10,000	5,000	5,000	66,800	
Postage	3,000	0	0	0	0	0	0	0	0	0	3,000	
Office Supplies / Marketing	5,000	10,000	0	0	0	0	0	0	0	0	15,000	
Trustee Fees	0	5,000	5,000	3,750	3,750	5,600	17,000	10,000	5,000	5,000	60,100	
Website	6,000	0	0	0	0	0	0	0	0	0	6,000	
Continuing Disc Fee	0	500	1,500	500	500	1,500	2,000	1,000	500	500	8,500	
Contin / Cap Proj / Reimb	25,000	175,000	0	0	0	0	0	0	0	0	200,000	
Total Expenditures	 $	426,500 	 $	3,692,572 	 $	50,205 	 $	444,450 	 $	93,705 	 $	56,672 	 $	299,505 	 $	133,505 	 $	211,005 	 $	354,055 	$	5,762,174	
												
Excess / (Shortfall)	 $	25,607 	 $	2,758,988 	 $	2,706,528 	 $	1,379,155 	 $	895,726 	 $	3,625,720 	 $	2,968,346 	 $	1,901,949 	 $	1,167,469 	 $	1,315,571 	$  18,745,058	

Payment to Trustee (Unit 1)	
0	
(2,373,994)	
0	
0	
0	
0	
0	
0	
0	
0	
(2,373,994)	
Payment to Trustee (Unit 2)	0	0	(2,541,124)	0	0	0	0	0	0	0	(2,541,124)	
Payment to Trustee (Unit 3)	0	0	0	(1,269,739)	0	0	0	0	0	0	(1,269,739)	
Payment to Trustee (Unit 4)	0	0	0	0	(837,666)	0	0	0	0	0	(837,666)	
Payment to Trustee (Unit 5)	0	0	0	0	0	(3,625,720)	0	0	0	0	(3,625,720)	
Payment to Trustee (Unit 7)	0	0	0	0	0	0	(2,860,714)	0	0	0	(2,860,714)	
Payment to Trustee (Unit 8)	0	0	0	0	0	0	0	(1,877,572)	0	0	(1,877,572)	
Payment to Trustee (Unit 9)	0	0	0	0	0	0	0	0	(1,167,469)	0	(1,167,469)	
Payment to Trustee (Unit 10)	0	0	0	0	0	0	0	0	0	(1,315,571)	(1,315,571)	
BALANCE	 $	25,607 	 $	384,994 	 $	165,404 	 $	109,416 	 $	58,059 	 $	-		 $	107,633 	 $	24,376 	 $	0 	 $	-		$	875,489	

County Appr & Tax Coll Fee	
(8,536)	
(128,331)	
(55,135)	
(36,472)	
(19,353)	
-	
(35,878)	
(8,125)	
-	
-	
(291,830)	
Discounts For Early Payments	(17,071)	(256,662)	(110,269)	(72,944)	(38,706)	-	(71,755)	(16,251)	-	-	(583,660)	
Net Excess / (Shortfall)	 $	-		 $	-		 $	-		 $	-		 $	-		 $	-		 $	-		 $	-		 $	-		 $	-		$	-	
												
											Page 1	

Infrastructure Maintenance Breakdown

FY 2024 - 2025	
Dist Proper	
Unit 1	
Unit 2		
Unit 3	
Unit 4	
Unit 5	
Unit 7	
Unit 8	
Unit 9	
Unit 10	
Total	
													
 MAINTENANCE EXPENDITURE														

Lake / Littoral Maintenance 1, 4, 5	
0	
131,000		
0	
0	
40,000	
2,072	
60,000	
7,500	
25,000	
10,000	
275,572	
Mitigation Maintenance	0	0		0	0	2,250	0	5,000	5,000	0	2,250	14,500	
Road Maintenance / Resurface 6	0	156,730		0	325,000	0	0	0	0	0	0	481,730	
Road Reconstruction / Widening	0	391,825		0	0	0	0	0	0	0	0	391,825	
Landscaping 2	0	1,965,812		0	0	0	0	135,000	35,000	120,000	207,800	2,463,612	
Security Services	0	26,000		0	0	0	0	0	0	0	0	26,000	
Street Lighting 3	0	503,000		0	0	0	0	5,500	0	11,000	79,000	598,500	
Canal Maintenance / Repayment	0	48,000		0	0	0	0	0	0	0	0	48,000	
Misc Maintenance/Repairs	0	100,000		0	0	0	0	0	0	0	0	100,000	
Total Maintenance Expenditure	$	-	 $ 3,322,367 	 $	-		 $  325,000 	 $	42,250 	 $	2,072 	 $  205,500 	 $	47,500 	 $  156,000 	 $  299,050 	 $ 4,399,739 	

FY 2023 - 2024	Dist Proper	Unit 1	Unit 2	Unit 3	Unit 4	Unit 5	Unit 7	Unit 8	Unit 9	Unit 10	Total

 MAINTENANCE EXPENDITURE	

Lake / Littoral Maintenance			0	126,000	0	0	40,000	2,072	20,000	3,000	48,500	0	239,572	
Mitigation Maintenance			0	2,250	0	0	2,250	0	2,250	2,250	0	0	9,000	
Road Maintenance / Resurface			0	156,730	0	350,000	0	0	0	0	0	0	506,730	
Road Reconstruction / Widening			0	391,825	0	0	0	0	0	0	0	0	391,825	
Landscaping			0	1,446,000	0	0	0	0	314,000	31,000	75,000	0	1,866,000	
Security Services			0	26,000	0	0	0	0	0	0	0	0	26,000	
Street Lighting			0	598,000	0	0	0	0	0	24,000	0	0	622,000	
Canal Maintenance / Repayment			0	48,000	0	0	0	0	0	0	0	0	48,000	
Misc Maintenance/Repairs			0	100,000	0	0	0	0	0	0	0	0	100,000	
Total Maintenance Expenditure	$	-		 $ 2,894,805 	 $	-		 $  350,000 	 $	42,250 	 $	2,072 	 $  336,250 	 $	60,250 	 $  123,500 	 $  123,500 	 $ 3,809,127 	

NOTES:
Unit 1 Lake maintenance increase from additional ponds - Manasota Beach Rd, Playmore Rd Mezzo Dr. and Merlot Ave
Unit 1 Landscape inlcudes current contract price and additon of portions of Manasota Beach Rd east, Playmore east extension, Preto south extension and anticipated nature trails
Street Lighting inlcudes additon of of portions of Manasota Beach Rd east, Playmore east extension, Preto south extension
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
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
Per roadway spreadsheet, currently being updated.

Page 2

 District Proper	

	Fiscal Year 2023/2024
Annual Budget		Fiscal Year 2024/2025
Annual Budget	
					
REVENUES					
O & M Assessments		265,586		426,777	
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		0	
Total Revenues	$	309,121	$	452,107	
					
EXPENDITURES					
GIS Project		20,000		20,000	
Engineering		20,000		25,000	
Management		60,586		76,000	
Operations Administration		36,600		40,000	
Legal		35,000		60,000	
Assessment Roll		7,500		10,000	
Annual Audit		6,000		6,500	
Arbitrage Rebate Fee		0		0	
Rents & Leases		15,000		15,000	
Insurance		73,000		125,000	
Legal Advertising		5,000		5,000	
Miscellaneous		5,000		5,000	
Postage		3,000		3,000	
Office Supplies		5,000		5,000	
Trustee Fees		0		0	
Continuing Disclosure Fee		0		0	
Website		1,500		6,000	
Contingency / Staff Office Space		0		25,000	
Total Expenditures	$	293,186	$	426,500	
					
EXCESS / (SHORTFALL)	$	15,935	$	25,607	

Payment to Trustee		-		-	
BALANCE	$	15,935	$	25,607	

County Appraiser & Tax Collector Fee		(5,312)		(8,536)	
Discounts for Early Payments		(10,623)		(17,071)	
NET EXCESS / (SHORTFALL)	$	-	$	-	
* Fund Balance as of 5-31-24 = $587,255

Page 3

 Unit 1	

	Fiscal Year	Fiscal Year	
	2023/2024
Annual Budget	2024/2025
Annual Budget	
			
REVENUES			
O & M Assessments	3,402,457	3,891,034	
O & M Direct Bill	0	0	
Debt Assessments	2,526,589	2,525,526	
Debt Direct Bill	0	0	
Developer Contribution	0	0	
Other Revenues	0	35,000	
Myakka Pines Cost Share - note 5	0	0	
Carry Over Revenues	0	0	
Total Revenues	 $	5,929,047 	$	6,451,559	
			
EXPENDITURES			
Infrastructure Maintenance - notes 1, 2, & 6	2,894,805	3,322,367	
Engineering	25,000	60,000	
Management	12,005	12,005	
Operations Administration	33,300	50,000	
Legal	35,000	50,000	
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	10,000	10,000	
Trustee Fees	5,000	5,000	
Continuing Disclosure Fee	500	500	
Website	0	0	
Contin / Cap Proj / ERC - see note 3	175,000	175,000	
Total Expenditures	 $	3,198,310 	$	3,692,572	
			
EXCESS / (SHORTFALL)	 $	2,730,737 	$	2,758,988	

Payment to Trustee	(2,374,994)	(2,373,994)	
BALANCE	 $	355,743 	$	384,994	

County Appraiser & Tax Collector Fee	(118,581)	(128,331)	
Discounts for Early Payments	(237,162)	(256,662)	
NET EXCESS / (SHORTFALL)	 $	-		$	-	
As of 5/31/24			
General Fund Balance =	$869,217		
Road Resurfacing Fund Balance =	$1,539,968		
Note 1: Infrastructure Maintrenance Unit 1 Lake maintenance increase from additional ponds - Manasota Beach Rd, Playmore Rd Mezzo Dr. and Merlot Ave. 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 Landscape inlcudes current contract price and additon of portions of Manasota Beach Rd east, Playmore east extension, Preto south extension and anticipated nature trails
Note 3: Stormwater outfall project from Island Walk to PIL 1 completed.
Note 4: Fund balance shortfall is anticipated to be eliminated within the next +/- six months from Insurance
Note 5: Per WVID agreement with Taylor Morrison of Florida, Inc regarding access and maintenance of District roadways and improvements
Note 6: Per roadway spreadsheet, currently being updated.

Page 4

 Unit 2	

Fiscal Year	Fiscal Year 2023/2024	2024/2025

REVENUES

Annual Budget	Annual Budget
O & M Assessments	57,293	53,410
O & M Direct Bill	0	0
Debt Assessments	2,703,324	2,703,324
Debt Direct Bill	0	0
Developer Contribution	0	0
Other Revenues	0	0
Carry Over Funds from Prior Year	0	0
Bond Prepayments Prepayments Sent to Trustee

Infrastructure Maintenance Engineering
Management
Operations Administration Legal
Assessment Roll Audit Fees
Arbitrage Rebate Fee Rents & Leases Insurance
Legal Advertising Miscellaneous Postage
Office Supplies Trustee Fees
Continuing Disclosure Fee Website
Contingency / Capital Projects

0
2,000
12,005
15,650
10,000
1,500
3,000
1,500
0
0
0
1,700
0
0
5,000
1,500
0
0

0
2,000
12,005
12,000
10,000
1,500
3,000
1,500
0
0
0
1,700
0
0
5,000
1,500
0
0

Payment to Trustee

(2,541,124)

(2,541,124)

County Appraiser & Tax Collector Fee Discounts for Early Payments

(55,212)
(110,425)

(55,135)
(110,269)

NET EXCESS / (SHORTFALL)	$	-	$	-

BALANCE	$	165,637	$	165,404

EXCESS / (SHORTFALL)	$	2,706,761	$	2,706,528

Total Expenditures	$	53,855	$	50,205

EXPENDITURES

Total Revenues	$	2,760,616	$	2,756,733

* Fund Balance as of 5-31-24 = $128,174

Page 5

 Unit 3	

	Fiscal Year	Fiscal Year	
	2023/2024
Annual Budget	2024/2025
Annual Budget	
			
REVENUES			
O & M Assessments	480,431	472,819	
O & M Direct Bill	0	0	
Debt Assessments	1,350,786	1,350,786	
Debt Direct Bill	0	0	
Developer Contribution	0	0	
Other Revenues / to fund irrigation litigation	435,000	0	
Carry Over Funds from Prior Year	0	0	
Total Revenues	$	2,266,217	$	1,823,605	
			
EXPENDITURES			
Infrastructure Maintenance 1	350,000	325,000	
Engineering	25,000	25,000	
Management	12,005	22,500	
Operations Administration	17,650	25,000	
Legal	35,000	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	435,000	0	
Total Expenditures	$	886,605	$	444,450	
			
EXCESS / (SHORTFALL)	$	1,379,612	$	1,379,155	

Payment to Trustee	(1,269,739)	(1,269,739)	
BALANCE	$	109,873	$	109,416	

County Appraiser & Tax Collector Fee	(36,624)	(36,472)	
Discounts for Early Payments	(73,249)	(72,944)	
NET EXCESS / (SHORTFALL)	$	-	$	-	
As of 5/31/24			
General Fund Balance =	$291,784		
Road Resurfacing Fund Balance =	$972,585		
Note 1: Per roadway spreadsheet, currently being updated.

 Unit 4	

	Fiscal Year 2023/2024
Annual Budget		Fiscal Year 2024/2025
Annual Budget	
					
REVENUES					
O & M Assessments		107,448		101,338	
O & M Direct Bill		-1,646		-1,553	
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	$	995,447	$	989,431	
					
EXPENDITURES					
Infrastructure Maintenance		42,250		42,250	
Engineering		2,500		2,500	
Management		12,005		12,005	
Operations Administration		17,650		12,000	
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	$	99,355	$	93,705	
					
EXCESS / (SHORTFALL)	$	896,092	$	895,726	

Payment to Trustee		(837,666)		(837,666)	
BALANCE	$	58,426	$	58,059	

County Appraiser & Tax Collector Fee		(19,475)		(19,353)	
Discounts for Early Payments		(38,951)		(38,706)	
NET EXCESS / (SHORTFALL)	$	-	$	-	
* Fund Balance as of 5-31-24 = $258,941

 Unit 5	

Fiscal Year	Fiscal Year 2023/2024	2024/2025
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	51,672	56,672	
Other Revenues	0	0	
Carry Over Funds from Prior Year	0	0	

Total Revenues	$	3,677,392	$	3,682,392	

EXPENDITURES		
Infrastructure Maintenance - note 1	2,072	2,072	
Engineering	2,500	2,500	
Management	12,000	12,000	
Operations Administration	0	0	
Legal	0	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	30,000	
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	$	51,672	$	56,672	

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 5-31-24 = $320

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 $30,000 per year

 Unit 7	

	Fiscal Year	Fiscal Year	
	2024/2023	2024/2025	
	Annual Budget	Annual Budget	
			
REVENUES			
O & M Assessments	254,651	177,409	
O & M Direct Bill	190,533	132,740	
Debt Assessments	1,616,475	1,616,475	
Debt Direct Bill	987,499	1,341,227	
Developer Contribution	0	0	
Other Revenues	0	0	
Carry Over Funds from Prior Year	0	0	
Total Revenues	$	3,049,158	$	3,267,851	
			
EXPENDITURES			
Infrastructure Maintenance - note 1	336,250	205,500	
Engineering	20,000	20,000	
Management	12,005	12,005	
Operations Administration	17,650	12,000	
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	17,000	
Continuing Disclosure Fee	1,000	2,000	
Website	0	0	
Contingency / Prev Shortfall	0	0	
Total Expenditures	$	429,905	$	299,505	
			
EXCESS / (SHORTFALL)	$	2,619,253	$	2,968,346	

Payment to Trustee	(2,506,985)	(2,860,714)	
BALANCE	$	112,267	$	107,633	

County Appraiser & Tax Collector Fee	(37,423)	(35,878)	
Discounts for Early Payments	(74,845)	(71,755)	
NET EXCESS / (SHORTFALL)	$	-	$	-	
* Fund Balance as of 5-31-24	= $242,827		
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, $2,072
Page 9

 Unit 8	

	Fiscal Year	Fiscal Year	
	2023/2024	2024/2025	
	Annual Budget	Annual Budget	
			
REVENUES			
O & M Assessments	23,914	21,369	
O & M Direct Bill	126,926	113,418	
Debt Assessments	384,906	384,906	
Debt Direct Bill	1,515,761	1,515,761	
Developer Contribution	0	0	
Other Revenues	0	0	
Carry Over Funds from Prior Year	0	0	
Total Revenues	$	2,051,506	$	2,035,454	
			
EXPENDITURES			
Infrastructure Maintenance	60,250	47,500	
Engineering	20,000	20,000	
Management	12,005	12,005	
Operations Administration	15,650	12,000	
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	1,000	
Website	0	0	
Contingency / Prev Shortfall	0	0	
Total Expenditures	$	149,405	$	133,505	
			
EXCESS / (SHORTFALL)	$	1,902,101	$	1,901,949	

Payment to Trustee	(1,877,572)	(1,877,572)	
BALANCE	$	24,529	$	24,376	

County Appraiser & Tax Collector Fee	(8,176)	(8,125)	
Discounts for Early Payments	(16,353)	(16,251)	
NET EXCESS / (SHORTFALL)	$	-	$	-	
* Fund Balance as of 5-31-24	= $117,333		

 Unit 9	

Fiscal Year	Fiscal Year
2023/2024	2024/2025

REVENUES

Annual Budget	Annual Budget
O & M Assessments	0	0
O & M Direct Bill	182,155	211,005
Debt Assessments	0	0
Debt Direct Bill	1,167,469	1,167,469
Developer Contribution	0	0
Other Revenues	0	0
Carry Over Funds from Prior Year	0	0

Infrastructure Maintenance Engineering
Management
Operations Administration Legal
Assessment Roll Audit Fees
Arbitrage Rebate Fee Rents & Leases Insurance
Legal Advertising Miscellaneous Postage
Office Supplies Trustee Fees
Continuing Disclosure Fee Website
Contingency / Prev Shortfall

123,500
5,000
12,005
15,650
10,000
1,500
3,000
1,000
0
0
0
5,000
0
0
5,000
500
0
0

156,000
5,000
12,005
12,000
10,000
1,500
3,000
1,000
0
0
0
5,000
0
0
5,000
500
0
0

Payment to Trustee

(1,167,469)

(1,167,469)

County Appraiser & Tax Collector Fee Discounts for Early Payments

-
-

-
-

NET EXCESS / (SHORTFALL)	$	-	$	-

BALANCE	$	-	$	-

EXCESS / (SHORTFALL)	$	1,167,469	$	1,167,469

Total Expenditures	$	182,155	$	211,005

EXPENDITURES

Total Revenues	$	1,349,624	$	1,378,474

* Fund Balance as of 5-31-24 = ($76,356)

 Unit 10	

	Fiscal Year	Fiscal Year	
	2023/2024	2024/2025	
	Annual Budget	Annual Budget	
				
REVENUES				
O & M Assessments			0	0	
O & M Direct Bill			0	354,055	
Debt Assessments			0	0	
Debt Direct Bill			0	1,315,571	
Developer Contribution			0	0	
Other Revenues			0	0	
Carry Over Funds from Prior Year			0	0	
Total Revenues	$		-	$	1,669,626	
				
EXPENDITURES				
Infrastructure Maintenance			0	299,050	
Engineering			0	5,000	
Management			0	12,005	
Operations Administration			0	12,000	
Legal			0	10,000	
Assessment Roll			0	1,500	
Audit Fees			0	3,000	
Arbitrage Rebate Fee			0	1,000	
Rents & Leases			0	0	
Insurance			0	0	
Legal Advertising			0	0	
Miscellaneous			0	5,000	
Postage			0	0	
Office Supplies			0	0	
Trustee Fees			0	5,000	
Continuing Disclosure Fee			0	500	
Website			0	0	
Contingency / Prev Shortfall			0	0	
Total Expenditures	$		-	$	354,055	
				
EXCESS / (SHORTFALL)	$		-	$	1,315,571	

Payment to Trustee			-	(1,315,571)	
BALANCE	$		-	$	-	

County Appraiser & Tax Collector Fee			-	-	
Discounts for Early Payments			-	-	
NET EXCESS / (SHORTFALL)	$		-	$	-	
* Fund Balance as of 5-31-24 = ($8,584)

Budget Comparison		
	Fiscal Year	Fiscal Year	Fiscal Year	
	2022/2023
Actual	2023/2024
Annual Budget	2024/2025
Annual Budget	
				
REVENUES				
O & M Assessments	3,013,787	4,591,779	5,144,155	
O & M Direct Bill	388,432	522,298	833,996	
Debt Assessments	6,989,817	9,448,398	9,447,335	
Debt Direct Bill	1,555,794	7,319,776	8,989,074	
Interest / Other Income	2,757,631	436,000	36,000	
Bond Prepayments	598,422	0	0	
Bond Prepayments Sent to Trustee	(598,422)	0	0	
Developer Funding	248,016	51,672	56,672	
Carry Over Funds from Prior Year	0	18,205	0	
Total Revenues	$	14,953,476	$	22,388,128	$	24,507,232	
				
EXPENDITURES				
Infrastructure Maintenance	3,674,693	3,809,127	4,399,739	
GIS Project	0	20,000	20,000	
Engineering	280,670	122,000	167,000	
Management	156,625	156,621	194,535	
Operations Administration	182,150	169,800	187,000	
Legal	692,661	173,000	223,000	
Assessment Roll	18,000	18,000	22,000	
Audit Fees	28,210	30,000	33,500	
Arbitrage Rebate Fee	5,850	10,000	11,000	
Rents & Leases	11,182	15,000	15,000	
Insurance	70,611	73,000	125,000	
Legal Advertising	4,666	5,000	5,000	
Miscellaneous	74,915	56,800	66,800	
Postage	1,041	3,000	3,000	
Office Supplies	3,058	15,000	15,000	
Trustee Fees	43,198	50,100	60,100	
Continuing Disclosure Fee	7,000	6,500	8,500	
Website	1,500	1,500	6,000	
Contingency / Capital Projects / ERC / Reimb to FB	2,419,091	610,000	200,000	
Total Expenditures	7,675,120	5,344,448	5,762,174	
				
EXCESS / (SHORTFALL)	$	7,278,356	$	17,043,680	$	18,745,058	

Debt Payment to Trustee (All Units)	

(8,282,692)	

(16,201,270)	

(17,869,569)	
BALANCE	$	(1,004,336)	$	842,410	$	875,489	

County Appraiser & Tax Collector Fee	

(96,141)	

(280,804)	

(291,830)	
Discounts for Early Payments	(380,983)	(561,607)	(583,660)	
NET EXCESS / (SHORTFALL)	$	(1,481,460)	$	-	$	-	

Unit 1 - Debt Service		
	Fiscal Year	
	2024/2025
Annual Budget	
		
REVENUES		
Interest Income	0	
Debt Collections	2,373,994	
Total Revenues	$	2,373,994	
		
EXPENDITURES		
Principal Payments	1,300,000	
Interest Payments	1,073,994	
Miscellaneous / Extra Redemption	0	
Total Expenditures	$	2,373,994	
		
Excess / (Shortfall)	$	-	

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

Page 14

 Unit 2 - Debt Service	

Series 2019A-1 (Performing)		
	Fiscal Year	
	2024/2025
Annual Budget	
		
 REVENUES			
Interest Income	0	
Net Debt Collections	1,353,018	
Total Revenues	$	1,353,018	
		
 EXPENDITURES			
Principal Payments	680,000	
Interest Payments	644,000	
Miscellaneous / Extra Redemption	29,018	
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	
	2024/2025
Annual Budget	
		
 REVENUES			
Interest Income	0	
Net Debt Collections	1,188,107	
Total Revenues	$	1,188,107	
		
 EXPENDITURES			
Principal Payments	610,000	
Interest Payments	573,275	
Miscellaneous / Extra Redemption	4,832	
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 15

Unit 3 - Debt Service		
	Fiscal Year	
	2024/2025
Annual Budget	
		
 REVENUES			
Interest Income	0	
Net Debt Collections	1,269,739	
Total Revenues	$	1,269,739	
		
 EXPENDITURES			
Principal Payments	700,000	
Interest Payments	549,610	
Miscellaneous / Extra Redemption	20,129	
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			

Page 16

Unit 4 - Debt Service		
	Fiscal Year	
	2024/2025
Annual Budget	
		
 REVENUES			
Interest Income	0	
Net Debt Collections	837,666	
Total Revenues	$	837,666	
		
 EXPENDITURES			
Principal Payments	295,000	
Interest Payments	537,875	
Miscellaneous / Extra Redemption	4,791	
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 17

Unit 5 - Debt Service		
		Fiscal Year 2024/2025
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		610,000	
2017A Interest Payments		387,093	
2017B Principal Payments		1,581,429	
2017B Interest Payments		1,007,167	
Other / Extra Redemption		40,032	
Total Expenditures	$	3,625,720	
			
Excess / (Shortfall)	$	-	

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

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

Page 18

Unit 7 - Debt Service		
	Fiscal Year	
	2024/2025
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	
Net Village F3 & G-1B Debt Collections	353,728	
Total Revenues	$	2,860,714	
		
 EXPENDITURES			
2019 Master Principal Payments	585,000	
2019 Master Interest Payments	1,387,044	
2019 Village B Principal Payments	25,000	
2019 Village B Interest Payments	58,994	
2021 Village F1 & F5 Principal Payments	175,000	
2021 Village F1 & F5 Interest Payments	270,725	
2023 Village F3 & G-aB Principal Payments	60,000	
2023 Village F3 & G-1B Interest Payments	290,550	
Other / Extra Redemption	8,401	
Total Expenditures	$	2,860,714	
		
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		

Series 2023 Village F3 & G-1B Bond Information	
Original Par Amount =	$4,805,000	Annual Principal Payments Due = May 1st	
Average Interest Rate =	6.17%	Annual Interest Payments Due =  May 1st & November 1st	
Issue Date =	Oct 2023		
Maturity Date =	May 2054		

Unit 8 - Debt Service		
	Fiscal Year	
	2024/2025
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	280,000	
2021 Master Interest Payments	441,519	
2022 Neighborhood Principal Payments	255,000	
2022 Neighborhood Interest Payments	896,353	

Other / Extra Redemption	
4,700	
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 20

Unit 9 - Debt Service
Fiscal Year 2024/2025
Annual Budget

 REVENUES	

Interest	0
Net Master Debt Collections	1,167,469

Total Revenues	$	1,167,469

 EXPENDITURES	
2023 Master Principal Payments	255,000
2023 Master Interest Payments	910,984

Total Expenditures	$	1,167,469

Other / Extra Redemption	1,484

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		

Page 21

Unit 10 - Debt Service
Fiscal Year 2024/2025
Annual Budget

 REVENUES	

Interest	0
Net Master Debt Collections	1,315,571

Total Revenues	$	1,315,571

 EXPENDITURES	
2024 Master Principal Payments	275,000
2024 Master Interest Payments	1,035,656

Total Expenditures	$	1,315,571

Other / Extra Redemption	4,914

Excess / (Shortfall)	$	-

Series 2024 Master Bond Information	
Original Par Amount =	$19,280,000	Annual Principal Payments Due = May 1st	
Average Interest Rate =	5.53%	Annual Interest Payments Due =	May 1st & November 1st	
Issue Date =	March 2024		
Maturity Date =	May 2054		

Page 22

 Assessment Recap - District Proper	

A	B	C	F	G	F	G	
			Total Fiscal Year	Total Fiscal Year	Total Fiscal Year	Total Fiscal Year	
Lot
Type		
Units	2023/2024
Assessment	2023/2024
Assessment Per Unit	2024/2025
Projected Assessment	2024/2025
Projected Assessment Per Unit	

Developed Lots In Unit 1 Only	Administrative Debt
Sub-Total	
523	$	6,511.10
$	-

$	6,511.10	$	12.45
$	-

$	12.45	$	10,462.86
$	-

$	10,462.86	$	20.01
$	-

$	20.01	
	
Developed Lots In Unit 2	Administrative Debt
Sub-Total	
1,868	$	23,255.72
$	-

$	23,255.72	$	12.45
$	-

$	12.45	$	37,370.21
$	-

$	37,370.21	$	20.01
$	-

$	20.01	
	
Developed Lots In Unit 3	Administrative Debt
Sub-Total	
1,935	$	24,089.84
$	-

$	24,089.84	$	12.45
$	-

$	12.45	$	38,710.58
$	-

$	38,710.58	$	20.01
$	-

$	20.01	
	
Developed Lots In Unit 4	Administrative Debt
Sub-Total	
1,043	$	12,984.86
$	-

$	12,984.86	$	12.45
$	-

$	12.45	$	20,865.70
$	-

$	20,865.70	$	20.01
$	-

$	20.01	
	
Developed Lots In Unit 7	Administrative Debt
Sub-Total	
1,253	$	15,599.26
$	-

$	15,599.26	$	12.45
$	-

$	12.45	$	25,066.85
$	-

$	25,066.85	$	20.01
$	-

$	20.01	
	
Developed Lots In Unit 8	Administrative Debt
Sub-Total	
198	$	2,465.01
$	-

$	2,465.01	$	12.45
$	-

$	12.45	$	3,961.08
$	-

$	3,961.08	$	20.01
$	-

$	20.01	
	
Developed Lots In Unit 9	Administrative Debt
Sub-Total	
0	$	-
$	-

$	-	$	12.45
$	-

$	12.45	$	-
$	-

$	-	$	20.01
$	-

$	20.01	
	
Developed Lots In Sarasota County
(Not in Unit 1)	Administrative Debt
Sub-Total	
0	$	-
$	-

$	-	$	12.45
$	-

$	12.45	$	-
$	-

$	-	$	20.01
$	-

$	20.01	
	
All Other Acreage	Administrative Debt
Sub-Total	
14,513	$	180,680.02
$	-

$	180,680.02	$	12.45
$	-

$	12.45	$	290,339.32
$	-

$	290,339.32	$	20.01
$	-

$	20.01	

 Total		21,333	$	265,585.81	$	426,776.60

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

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

There are   21,333.00   assessable units in the District.

Page 23

 Assessment Recap - Unit 1	

A	B	C	F	G	F	G	
			Total Fiscal Year	Total Fiscal Year	Total Fiscal Year	Total Fiscal Year	
Lot
Type		
Units	2023/2024
Assessment	2023/2024
Assessment Per Unit	2024/2025
Projected Assessment	2024/2025
Projected Assessment Per Unit	

Developed Lots In Unit 1 Only	Administrative Debt
Sub-Total	
523	$	121,466.57
$	90,198.37

$	211,664.94	$	232.25
$	172.46

$	404.71	$	138,908.57
$	90,160.40

$	229,068.97	$	265.60
$	172.39

$	437.99	
	
Developed
Lots In Unit 2	Administrative
Debt	
1,868	$	433,842.36
$	322,161.67	$	232.25
$	172.46	$	496,139.98
$	322,026.05	$	265.60
$	172.39	
	Sub-Total		$	756,004.02	$	404.71	$	818,166.03	$	437.99	
	
Developed	Administrative		$	449,403.08
$	333,716.72

$	783,119.80	$	232.25
$	172.46

$	404.71	$	513,935.15
$	333,576.24

$	847,511.38	$	265.60
$	172.39

$	437.99	
Lots In Unit 3	Debt	1,935					
	Sub-Total						
	
Developed
Lots In Unit 4	Administrative
Debt	
1,043	$	242,236.39
$	179,879.35	$	232.25
$	172.46	$	277,020.34
$	179,803.63	$	265.60
$	172.39	
	Sub-Total		$	422,115.74	$	404.71	$	456,823.97	$	437.99	

Developed
Lots In Unit 7	Admin / Maint
Debt	
1,253	$	291,008.82
$	216,096.67	$	232.25
$	172.46	$	332,796.25
$	216,005.70	$	265.60
$	172.39	
	Sub-Total		$	507,105.48	$	404.71	$	548,801.95	$	437.99	
	
Developed	Administrative		$	45,985.43
$	34,147.76

$	80,133.19	$	232.25
$	172.46

$	404.71	$	52,588.71
$	34,133.38

$	86,722.10	$	265.60
$	172.39

$	437.99	
Lots In Unit 8	Debt	198					
	Sub-Total						
	
Developed	Administrative		$	-
$	-

$	-	$	232.25
$	172.46

$	404.71	$	-
$	-

$	-	$	265.60
$	172.39

$	437.99	
Lots In Unit 9	Debt	0					
	Sub-Total						

All Other
Unit 1 Acreage

Administrative Debt
Sub-Total

7,830

Total Admin / Maint	$	3,402,457.45	$	3,891,033.53	
Total Debt	$	2,526,589.11	$	2,525,525.53	
 Total		14,650	$	5,929,046.55	 $	6,416,559.06 	

$
$
$

232.25
172.46	$
404.71	$

1,818,514.80	$
1,350,388.58	$
3,168,903.38	$

2079644.543	$
1,349,820.13	$
3,429,464.67	$

265.60
172.39
437.99

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

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.

Page 24

Assessment Recap - Unit 2 (Total Gross)
A	B	C	E	F	I	H	I	
					Total Fiscal Year	Total Fiscal Year	Total Fiscal Year	
Lot
Type		
Percentage	Admin / Maint Assessment
Allocation	
Units	2023/2024
Per Unit	2024/2025
Projected Assessment	2024/2025
Projected Per Unit	

Island Walk Single
Family	Admin / Maint Debt
Sub-Total	
23.73%	
12,673.74	1,750
1,747	$	7.77
$	379.89
$	387.66	$	12,673.74
$	663,667.83
$	676,341.57	$	7.24
$	379.89
$	387.13	
	
Island Walk	Admin / Maint				$	7.73	$	850.17	$	7.20	
Multi	Debt	1.59%	850.17	118	$	378.22	$	44,629.96	$	378.22	
Family	Sub-Total				$	385.95	$	45,480.13	$	385.42	

Gran Paradiso Multi
Family (3 BDR)	Admin / Maint Debt
Sub-Total	
3.35%	
1,790.87	
260	$	7.39
$	361.34
$	368.73	$	1,790.87
$	93,948.40
$	95,739.27	$	6.89
$	361.34
$	368.23	
	
Gran Paradiso Multi	Admin / Maint Debt	
6.73%	
3,593.25	585
577	$	6.59
$	322.17	$	3,593.25
$	185,892.09	$	6.14
$	322.17	
Family (2 BDR)	Sub-Total				$	328.76	$	189,485.34	$	328.31	

Preserve Single	Admin / Maint Debt	
1.49%	
796.63	
110	$	7.77
$	-	$	796.63
$	-	$	7.24
$	-	
Family	Sub-Total				$	7.77	$	796.63	$	7.24	
	
Preserve Multi	Admin / Maint Debt	
1.52%	
814.15	
113	$	7.73
$	-	$	814.15
$	-	$	7.20
$	-	
Family	Sub-Total				$	7.73	$	814.15	$	7.20	

Thomas 167 * Multi
Family (3 BDR)	Admin / Maint Debt
Sub-Total	
1.00%	
534.11	
76	$	7.54
$	368.91
$	376.45	$	534.11
$	28,037.16
$	28,571.27	$	7.03
$	368.91
$	375.94	
	
Thomas 167 *	Admin / Maint				$	6.74	$	879.50	$	6.28	
Multi	Debt	1.65%	879.50	140	$	329.74	$	46,163.60	$	329.74	
Family (2 BDR)	Sub-Total				$	336.48	$	47,043.10	$	336.02	
	
Thomas 167 *	Admin / Maint				$	262.91	$	22,668.88	$	245.10	
Commercial	Debt	42.44%	22,668.88	92.49	$	12,863.47	$	1,189,742.34	$	12,863.47	
	Sub-Total				$	13,126.38	$	1,212,411.22	$	13,108.57	

Total	100.00%	$	53,409.57	4,334	$	2,755,122.57

$
$

53,409.57
2,703,323.78

2019 A-2 (Non Performing)

2019 A-1 (Performing)

8.08
424.10
432.18

$
$
$

8,808.28
451,242.40
460,050.68

$
$
$

8.67
424.10
432.77

$
$
$

Sub-Total

Family

8,808.28

16.49%

1,090

Admin / Maint
Debt

Gran Paradiso
Single

1,064

$	53,409.57
$	2,703,323.78

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 25

ISLAND WALK ON ROLL
	GROSS	

ISLAND WALK
 DIRECT BILL GROSS

GRAN PARADISO ON
	ROLL GROSS	

GRAN PARADISO
 DIRECT BILL GROSS

$
$
$

-
-
-

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	

$  13,523.91
$ 708,297.79

$
$

-
-

Island Walk Direct Bill Net
$	-
$	-

$

-

$

-

$  14,192.40
$ 731,082.89

$
$

-
-

Gran Paradiso Direct Bill Net
$	-
$	-

$  1,610.78
$	-

$
$

-
-

Preserve Direct Bill Net
$	-
$	-

$
$

53,409.57
2,703,323.78

$  24,082.49
$1,263,943.10

$
$

-
-

 $	- 

Town Center Direct Bill Net
$	-
$	-

 Total		 4,049   $	2,755,122.57 

2019 A-2 (Non Performing)

2019 A-1 (Performing)

8.08
424.10
432.18

8,808.28	$
451,242.40	$
460,050.68	$

$
$
$

Sub-Total

Family

Gran Paradiso  Admin / Maint	1,090
Single	Debt

1,064

Assessment Recap - Unit 2 (Collection Method)

	Total Fiscal Year	Total Fiscal Year	
Lot		2024/2025	2024/2025	
Type	Units	Projected Assessment	Projected Per Unit	

Island Walk	Admin / Maint	1,750	$	12,673.74	$	7.24	
Single	Debt	1,747	$	663,667.83	$	379.89	
Family	Sub-Total		$	676,341.57	$	387.13	
	
Island Walk	Admin / Maint		$	850.17	$	7.20	
Multi	Debt	118	$	44,629.96	$	378.22	
Family	Sub-Total		$	45,480.13	$	385.42	

1,750	$  12,673.74	$	7.24	
1,747	$ 663,667.83	$  379.89	
	$ 676,341.57	$  387.13	
	
	$	850.17	$	7.20	
118	$ 44,629.96	$  378.22	
	$ 45,480.13	$  385.42	

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

1,090	$  8,808.28	$	8.08	
1,064	$ 451,242.40	$  424.10	
	$ 460,050.68	$  432.18	

Gran Paradiso	Admin / Maint		$	1,790.87	$	6.89	
Multi	Debt	280	$	93,948.40	$	361.34	
Family (3 BDR)	Sub-Total		$	95,739.27	$	368.23	
	
Gran Paradiso	Admin / Maint	280	$	3,593.25	$	6.14	
Multi	Debt	577	$	185,892.09	$	322.17	
Family (2 BDR)	Sub-Total		$	189,485.34	$	328.31	

	$  1,790.87	$	6.89	
260	$ 93,948.40	$  361.34	
	$ 95,739.27	$  368.23	
	
585	$  3,593.25	$	6.14	
577	$ 185,892.09	$  322.17	
	$ 189,485.34	$  328.31	

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

Preserve	Admin / Maint		$	796.63	$	7.24	
Single	Debt	110	$	-	$	-	
Family	Sub-Total		$	796.63	$	7.24	
	
Preserve	Admin / Maint		$	814.15	$	7.20	
Multi	Debt	113	$	-	$	-	
Family	Sub-Total		$	814.15	$	7.20	

110	$	796.63
$	-
$	796.63	$	7.24
$	-
$	7.24	

113	$	814.15
$	-
$	814.15	$	7.20
$	-
$	7.20	

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

Thomas 167 * Multi
Family (3 BDR)	Admin / Maint Debt
Sub-Total	
76	$	534.11
$	28,037.16
$	28,571.27	$	7.03
$	368.91
$	375.94	
$	-	
Thomas 167 * Multi
Family (2 BDR)	Admin / Maint Debt
Sub-Total	
140	$	879.50
$	46,163.60
$	47,043.10	$	6.28
$	329.74
$	336.02	
$	-	
Thomas 167 *	Admin / Maint		$	22,668.88	$	245.10	
Commercial	Debt	92	$	1,189,742.34	$	12,863.47	
	Sub-Total		$	1,212,411.22	$	13,108.57	

	$	534.11	$	7.03	
76	$ 28,037.16	$  368.91	
	$ 28,571.27	$  375.94	
	
	$	879.50	$	6.28	
140	$ 46,163.60	$  329.74	
	$ 47,043.10	$  336.02	
	
	$  22,668.88	$  245.10	
92	$1,189,742.34	$ 12,863.47	
	$1,212,411.22	$ 13,108.57	

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

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 26

Assessment Recap - Unit 3 (Total Gross)
A	B	C	D	G	F	G	
				Total Fiscal Year	Total Fiscal Year	Total Fiscal Year	
				2023/2024	2024/2025	2024/2025	

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

Pre Lennar		2 Bdr Sam 35	Admin / Maint	5	$	248.28	$	1,221.75	$	244.35	
			Debt	4	$	1,093.10	$	4,372.40	$	1,093.10	
			Sub-Total		$	1,341.38	$	5,594.15	$	1,337.45	
		
		3 Bdr Sam 70	Admin / Maint	6	$	248.28	$	1,466.11	$	244.35	
			Debt	5	$	1,432.12	$	7,160.60	$	1,432.12	
			Sub-Total		$	1,680.40	$	8,626.71	$	1,676.47	
		
		3 Bdr Sam 80	Admin / Maint	5	$	248.28	$	1,221.75	$	244.35	
			Debt	4	$	1,559.05	$	6,236.20	$	1,559.05	
			Sub-Total		$	1,807.33	$	7,457.95	$	1,803.40	
		
		3 Bdr Lee 45	Admin / Maint		$	248.28	$	977.40	$	244.35	
			Debt	4	$	1,227.41	$	4,909.64	$	1,227.41	
			Sub-Total		$	1,475.69	$	5,887.04	$	1,471.76	
		
		3 Bdr Lee 65	Admin / Maint	10	$	248.28	$	2,443.51	$	244.35	
			Debt	8	$	1,380.47	$	11,043.76	$	1,380.47	
			Sub-Total		$	1,628.75	$	13,487.27	$	1,624.82	

Total

	Pre Lennar	

30

Gross

$
$

7,330.53
33,722.60	Gross

Lennar		35'	Admin / Maint	333	$	248.28	$	81,368.88	$	244.35
Debt	326	$	521.28	$	169,937.28	$	521.28
Sub-Total	$	769.56	$	251,306.16	$	765.63	
		
		Townhome	Admin / Maint	252	$	248.28	$	61,576.45	$	244.35
Debt	251	$	521.28	$	130,841.28	$	521.28
Sub-Total	$	769.56	$	192,417.73	$	765.63	
		
		Coach	Admin / Maint	$	248.28	$	63,531.26	$	244.35
Debt	260	$	627.66	$	163,191.60	$	627.66
Sub-Total	$	875.94	$	226,722.86	$	872.01	
		
		45'	Admin / Maint	$	248.28	$	14,416.71	$	244.35
Debt	59	$	627.66	$	37,031.94	$	627.66
Sub-Total	$	875.94	$	51,448.65	$	872.01	
		
		52'	Admin / Maint	337	$	248.28	$	82,346.28	$	244.35
Debt	333	$	734.04	$	244,435.32	$	734.04
Sub-Total	$	982.32	$	326,781.60	$	978.39	
		
		62'	Admin / Maint	289	$	248.28	$	70,617.43	$	244.35
Debt	278	$	840.42	$	233,636.76	$	840.42
		
Sub-Total	$	1,088.70	$	304,254.19	$	1,084.77	
		
		65'	Admin / Maint	53	$	248.28	$	12,950.60	$	244.35
Debt	52	$	840.42	$	43,701.84	$	840.42
		
Sub-Total	$	1,088.70	$	56,652.44	$	1,084.77	
		
		70'	Admin / Maint	56	$	248.28	$	13,683.65	$	244.35
Debt	55	$	840.42	$	46,223.10	$	840.42
		
Sub-Total	$	1,088.70	$	59,906.75	$	1,084.77	
		
		75'	Admin / Maint	201	$	248.28	$	48,381.49	$	244.35
Debt	198	$	946.81	$	187,468.38	$	946.81
		
Sub-Total	$	1,195.09	$	235,849.87	$	1,191.16	
		
		80'	Admin / Maint	65	$	248.28	$	15,882.81	$	244.35
Debt	64	$	946.81	$	60,595.84	$	946.81
		
Sub-Total	$	1,195.09	$	76,478.65	$	1,191.16	

Total

	Lennar	

1,905

Gross

$	464,755.57
$  1,317,063.34	Gross

TOTAL GROSS

1,935

Total Gross

$	472,819.15
Total Gross
$  1,350,785.94

TOTAL NET

1,935

Total Net

$	444,450.00
Total Net
$  1,269,738.78

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

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 27

 Assessment Recap - Unit 4 (Total Gross)	

A	B	C	D	G	F	G	
				
Total Fiscal Year	
Total Fiscal Year	
Total Fiscal Year	
				2023/2024	2024/2025	2024/2025	

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

Renaissance		35' Villas	Admin / Maint		$	103.02	$	21,763.84	$	97.16	
			Debt	224	$	678.03	$	151,879.15	$	678.03	
			Sub-Total		$	781.05	$	173,642.99	$	775.19	
		
		50' SF	Admin / Maint	273	$	103.02	$	26,524.68	$	97.16	
			Debt	272	$	998.94	$	272,709.57	$	998.94	
			Sub-Total		$	1,101.95	$	299,234.26	$	1,096.10	
		
		60' SF	Admin / Maint		$	103.02	$	18,751.88	$	97.16	
			Debt	193	$	1,212.87	$	234,084.36	$	1,212.87	
			Sub-Total		$	1,315.89	$	252,836.24	$	1,310.03	

Total		Renaissance		690	Gross	$	67,040.41
$	658,673.09	Gross	

Oasis		60' SF	Admin / Maint		$	103.02	$	8,938.72	$	97.16	
			Debt	92	$	829.89	$	76,350.21	$	829.89	
			Sub-Total		$	932.91	$	85,288.93	$	927.05	
		
		70' SF	Admin / Maint		$	103.02	$	4,275.04	$	97.16	
			Debt	44	$	980.00	$	43,120.00	$	980.00	
			Sub-Total		$	1,083.02	$	47,395.04	$	1,077.16	

Total		Oasis		136	Gross	$	13,213.76	Gross	
				$	119,470.21		

Preserve		33' Villas	Admin / Maint		$	103.02	$	8,744.40	$	97.16	
			Debt	90	$	424.61	$	38,214.57	$	424.61	
			Sub-Total		$	527.62	$	46,958.98	$	521.77	
		
		50' SF	Admin / Maint		$	103.02	$	10,687.60	$	97.16	
			Debt	110	$	679.79	$	74,776.60	$	679.79	
			Sub-Total		$	782.81	$	85,464.20	$	776.95	

Total		Preserve		200	Gross	$	19,432.00	Gross	
				$	112,991.17		

TOTAL GROSS

1,026	Total Gross

$
$

99,686.17
891,134.47

Total Gross

TOTAL NET	1,026	Total Net	$	93,705.00		
			$	837,666.40	Total Net	

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

Page 28

 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
2024/2025	2024/2025	2024/2025	2024/2025
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		$	21,763.84	$	97.16	
			Debt	224	$	151,879.15	$	678.03	
			Sub-Total		$	173,642.99	$	775.19	
		
		50' SF	Admin / Maint	273	$	26,524.68	$	97.16	
			Debt	272	$	272,709.57	$	998.94	
			Sub-Total		$	299,234.26	$	1,096.10	
		
		60' SF	Admin / Maint		$	18,751.88	$	97.16	
			Debt	193	$	234,084.36	$	1,212.87	
			Sub-Total		$	252,836.24	$	1,310.03	

	$  26,816.16	$	97.16	
276	 $ 187,136.81	$	678.03	
	$ 213,952.97	$	775.19	
	
251	$  24,387.16	$	97.16	
250	 $ 249,734.04	$	998.94	
	$ 274,121.21	$	1,096.10	
	
	$  14,962.64	$	97.16	
154	 $ 186,782.34	$	1,212.87	
	$ 201,744.98	$	1,310.03	

$
$
$

(5,052.32)
(35,257.66)
(40,309.98)

$
$
$

2,137.52
22,975.53
25,113.05

$
$
$

3,789.24
47,302.02
51,091.26

Total	  Renaissance 	690	$	67,040.41
 $	658,673.09	Gross	681	$  66,165.97
 $ 623,653.19	Platted On Roll Gross	$	874.44 Direct Bill
$	35,019.89 Gross	

Oasis		60' SF	Admin / Maint		$	8,938.72	$	97.16	
			Debt	92	$	76,350.21	$	829.89	
			Sub-Total		$	85,288.93	$	927.05	
		
		50' SF	Admin / Maint		$	-	$	97.16	
			Debt	0	$	-	$	691.58	
			Sub-Total		$	-	$	788.74	
		
		70' SF	Admin / Maint		$	4,275.04	$	97.16	
			Debt	44	$	43,120.00	$	980.00	
			Sub-Total		$	47,395.04	$	1,077.16	

	$	7,384.16	$	97.16	
76	 $  63,071.91	$	829.89	
	$  70,456.08	$	927.05	
	
	$	1,651.72	$	97.16	
17	 $  11,756.86	$	691.58	
	$  13,408.58	$	788.74	
	
	$	4,469.36	$	97.16	
46	 $  45,080.00	$	980.00	
	$  49,549.36	$	1,077.16	

$
$
$

1,554.56
13,278.30
14,832.86

$
$
$

(1,651.72)
(11,756.86)
(13,408.58)

$
$
$

(194.32)
(1,960.00)
(2,154.32)

Total		Oasis		136	$	13,213.76
 $	119,470.21	Gross	139	$  13,505.24
 $ 119,908.77	Platted On Roll Gross	$	(291.48) Direct Bill
$	(438.56) Gross	

Preserve		33' Villas	Admin / Maint		$	8,744.40	$	97.16	
			Debt	90	$	38,214.57	$	424.61	
			Sub-Total		$	46,958.98	$	521.77	
		
		50' SF	Admin / Maint		$	10,687.60	$	97.16	
			Debt	110	$	74,776.60	$	679.79	
			Sub-Total		$	85,464.20	$	776.95	

	$  10,979.08	$	97.16	
113	 $  47,980.52	$	424.61	
	$  58,959.60	$	521.77	
	
	$  10,687.60	$	97.16	
110	 $  74,776.60	$	679.79	
	$  85,464.20	$	776.95	

$
$
$

(2,234.68)
(9,765.95)
(12,000.63)

$
$
$

-
-
-

Total		Preserve		200	$	19,432.00
 $	112,991.17	Gross	223	$  21,666.68
 $ 122,757.12	Platted On Roll Gross	$	(2,234.68) Direct Bill
$	(9,765.95) Gross	

TOTAL GROSS	1,026	$	99,686.17		1,043	$ 101,337.89	Total Platted On	$	(1,651.72) Total Direct	
$	891,134.47	 $ 866,319.08	Roll Gross	$	24,815.38 Bill Gross	

TOTAL NET	1,026	$	93,705.00
$	837,666.40	Total Net	1,043	$  95,257.62
$ 814,339.94	Total Platted On Roll Net	$	(1,552.62) Total Direct
$	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'

Page 29

Unit 7 Village B

 Assessment Recap - Unit 7 (Total Gross)	

A	B	C	D	E	F	

Product		

Total	Total Fiscal Year 2023/2024	Total Fiscal Year 2024/2025
Projected	Total Fiscal Year 2024/2025
Projected	
Type		Units	Assessment Per Unit	Assessment	Assessment Per Unit	
						
			Unit 7 Master			

50' Single Family	Admin / Maint Debt
Sub-Total	
1,897	$	159.02
$	830.00

$	989.02	$  210,162.23
$ 1,574,510.00

$ 1,784,672.23	$	110.79
$	830.00

$	940.79	
	
74' Single Family	Admin / Maint		$	159.02	$	8,530.57	$	110.79	
	 Debt	77	$	1,228.40	$  94,586.80	$	1,228.40	
	Sub-Total		$	1,387.42	$  103,117.37	$	1,339.19	
	
Coach	Admin / Maint		$	159.02	$	23,929.91	$	110.79	
	 Debt	216	$	622.50	$  134,460.00	$	622.50	
	Sub-Total		$	781.52	$  158,389.91	$	733.29	
	
2-Story Units	Admin / Maint		$	159.02	$	32,792.84	$	110.79	
	 Debt	296	$	456.50	$  135,124.00	$	456.50	
	Sub-Total		$	615.52	$  167,916.84	$	567.29	
	
4-Story Units	Admin / Maint		$	159.02	$	43,206.78	$	110.79	
	 Debt	390	$	415.00	$  161,850.00	$	415.00	
	Sub-Total		$	574.02	$  205,056.78	$	525.79	
	
Total		2,876		$  318,622.34
$ 2,100,530.80	Gross	

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

Unit 7 Village F1 & F5

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

Unit 7 Village F1 & F5

F3 - 50' SF	Admin / Maint Debt	
97	
$	-	
$  80,471.20	
$	829.60	
	Sub-Total		$	-	$  80,471.20	$	829.60	
F3 - 60' SF	Admin / Maint
 Debt	
109	
$	-	
$  108,511.68	
$	995.52	
	Sub-Total		$	-	$  108,511.68	$	995.52	
	
G-1B - Paired Villa	Admin / Maint
 Debt	
30	
$	-	
$  14,932.80	
$	497.76	
	Sub-Total		$	-	$  14,932.80	$	497.76	
G-1B - 40' SF	Admin / Maint
 Debt	
41	
$	-	
$  27,210.88	
$	663.68	
	Sub-Total		$	-	$  27,210.88	$	663.68	
G-1B - 50' SF	Admin / Maint
 Debt	
175	
$	-	
$  145,180.00	
$	829.60	
	Sub-Total		$	-	$  145,180.00	$	829.60	
	
Total		452		
$  376,306.56	Gross	

Page 30

Assessment Recap - Unit 7 (Collection Method)

$
$

-
-

Unit 7 Village F3 & G-1B

Unit 7 Village F1 & F5

Unit 7 Village B

Unit 7 Master

830.00
830.00

$
$

92,130.00
92,130.00

$
$

111

830.00
830.00

$	92,130.00  $
$	92,130.00  $

111

Debt
Sub-Total

50 ' Single Family

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	
	2024/2025	2024/2025		2024/2025	2024/2025	
Product	Total	Projected	Projected	Platted	Platted	Platted	
Type	Units	Assessment	Assess Per Unit	Units	Assessment	Assess Per Unit	

50' Single Family or 50' SF Equivalents	Admin / Maint Debt
Sub-Total	
1,897	$  210,162.23
$ 1,574,510.00
$ 1,784,672.23	$	110.79
$	830.00
$	940.79	
	
74' Single Family	Admin / Maint		$	8,530.57	$	110.79	
	Debt	77	$	94,586.80	$	1,228.40	
	Sub-Total		$  103,117.37	$	1,339.19	
	
Coach	Admin / Maint		$	23,929.91	$	110.79	
	Debt	216	$  134,460.00	$	622.50	
	Sub-Total		$  158,389.91	$	733.29	
	
2-Story Units	Admin / Maint		$	32,792.84	$	110.79	
	Debt	296	$  135,124.00	$	456.50	
	Sub-Total		$  167,916.84	$	567.29	
	
4-Story Units	Admin / Maint		$	43,206.78	$	110.79	
	Debt	390	$  161,850.00	$	415.00	
	Sub-Total		$  205,056.78	$	525.79	

1,601.36		$	177,409.27	$	110.79	
1,527.36		$  1,267,708.80	$	830.00	
		$  1,445,118.07	$	940.79	
			
		$	-	$	110.79	
0.00		$	-	$	1,228.40	
		$	-	$	1,339.19	
			
		$	-	$	110.79	
0.00		$	-	$	622.50	
		$	-	$	733.29	
			
		$	-	$	110.79	
0.00		$	-	$	456.50	
		$	-	$	567.29	
			
		$	-	$	110.79	
0.00		$	-	$	415.00	
		$	-	$	525.79	

$	32,752.96
$  306,801.20
$  339,554.16	
	
$	8,530.57
$	94,586.80
$  103,117.37	
	
$	23,929.91
$  134,460.00
$  158,389.91	
	
$	32,792.84
$  135,124.00
$  167,916.84	
	
$	43,206.78
$  161,850.00
$  205,056.78	

TOTAL GROSS	2,876	$  318,622.34  Total Gross
 $ 2,100,530.80  		1,601.36
1,527.36	$	177,409.27
 $  1,267,708.80 	Total Platted On Roll Gross	$  141,213.07 Total Direct
$  832,822.00 Bill Gross	

TOTAL NET	2,876	$  299,505.00  Total Net
 $ 1,974,498.95  		1,601.36
1,527.36	$	166,764.72
 $  1,191,646.27 	Total Platted On Roll Net	$	132,740.28 Total Direct
$	782,852.68 Bill Net	

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

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

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

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

F3 - 50' SF	Debt	97	$	80,471.20	$	829.60	
	Sub-Total		$	80,471.20	$	829.60	
F3 - 60' SF	Debt	109	$  108,511.68	$	995.52	
	Sub-Total		$  108,511.68	$	995.52	
	
G-1B - Paired Villa	Debt	30	$	14,932.80	$	497.76	
	Sub-Total		$	14,932.80	$	497.76	
G-1B - 40' SF	Debt	41	$	27,210.88	$	663.68	
	Sub-Total		$	27,210.88	$	663.68	
G-1B - 50' SF	Debt	175	$  145,180.00	$	829.60	
	Sub-Total		$  145,180.00	$	829.60	

0	$	-	$	829.60	
	$	-	$	829.60	
0	$	-	$	995.52	
	$	-	$	995.52	
	
0	$	-	$	497.76	
	$	-	$	497.76	
0	$	-	$	663.68	
	$	-	$	663.68	
0	$	-	$	829.60	
	$	-	$	829.60	

$	80,471.20
$	80,471.20	
$  108,511.68
$  108,511.68	
	
$	14,932.80
$	14,932.80	
$	27,210.88
$	27,210.88	
$  145,180.00
$  145,180.00	

TOTAL GROSS	452	Total Gross
 $  376,306.56  		0	
 $	- 	Total Platted On Roll Gross	Total Direct
$  376,306.56 Bill Gross	

TOTAL NET	452	Total Net
 $  353,728.17  		0	
 $	- 	Total Platted On Roll Net	Total Direct
$	353,728.17 Bill Net	

Unit 8 Neighborhood Debt

Assessment Recap - Unit 8 (Total Gross)

A	
B	
C	
D	
E	
F	
			Total Fiscal Year	Total Fiscal Year	Total Fiscal Year	
			2023/2024	2024/2025	2024/2025	
Product
Type		Total
Units	
Assessment Per Unit	Projected
Assessment	Projected
Assessment Per Unit	
						
			Unit 8 Master			

50' Single Family	Admin / Maint Debt
Sub-Total	
250	$	120.78
$	697.38

$	818.16	$	26,980.74
$	174,345.00

$	201,325.74	$	107.92
$	697.38

$	805.30	
	
75' Single Family	Admin / Maint		$	120.78	$	15,109.21	$	107.92	
	Debt	140	$	875.66	$	122,592.40	$	875.66	
	Sub-Total		$	996.44	$	137,701.61	$	983.58	
	
Coach	Admin / Maint		$	120.78	$	28,923.35	$	107.92	
	Debt	268	$	613.49	$	164,415.32	$	613.49	
	Sub-Total		$	734.27	$	193,338.67	$	721.41	
	
2-Story Units	Admin / Maint		$	120.78	$	28,923.35	$	107.92	
	Debt	268	$	524.34	$	140,523.12	$	524.34	
	Sub-Total		$	645.12	$	169,446.47	$	632.26	
	
4-Story Units	Admin / Maint		$	120.78	$	42,089.95	$	107.92	
	Debt	390	$	435.20	$	169,728.00	$	435.20	
	Sub-Total		$	555.98	$	211,817.95	$	543.12	
	
Total		1,316		$	142,026.60
$	771,603.84	Gross	

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

TOTAL GROSS

1,316	$  142,026.60

Total Gross

198

$

21,368.74

 $  771,603.84  	

 $	153,413.32 

Total Platted On Roll Gross

$  120,657.85 Total Direct Bill
$  618,190.52 Gross

TOTAL NET

1,316	$  133,505.00

Total Net

198

$

20,086.62

Total Platted On Roll Net

$

113,418.38 Total Direct Bill Net

 $  725,307.61  	

 $	144,208.52 

$	581,099.09

A

B

C

E

F

G

H

I

J

	TOTAL GROSS			PLATTED ON ROLL GROSS			DIRECT BILL GROSS	

Unit 8 Neighborhood

Assessment Recap - Unit 8 (Collection Method)

	Total Fiscal Year	Total Fiscal Year	Total Fiscal Year	Total Fiscal Year	
	2024/2025	2024/2025	2024/2025	2024/2025	
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 Debt
Sub-Total	
250	$	26,980.74
$  174,345.00
$  201,325.74	$	107.92
$	697.38
$	805.30	
	
75' Single Family	Admin / Maint		$	15,109.21	$	107.92	
	Debt	140	$  122,592.40	$	875.66	
	Sub-Total		$  137,701.61	$	983.58	
	
Coach	Admin / Maint		$	28,923.35	$	107.92	
	Debt	268	$  164,415.32	$	613.49	
	Sub-Total		$  193,338.67	$	721.41	
	
2-Story Units	Admin / Maint		$	28,923.35	$	107.92	
	Debt	268	$  140,523.12	$	524.34	
	Sub-Total		$  169,446.47	$	632.26	
	
4-Story Units	Admin / Maint		$	42,089.95	$	107.92	
	Debt	390	$  169,728.00	$	435.20	
	Sub-Total		$  211,817.95	$	543.12	

	$	12,087.37	$	107.92	
112	$	78,106.56	$	697.38	
	$	90,193.93	$	805.30	
	
	$	9,281.37	$	107.92	
86	$	75,306.76	$	875.66	
	$	84,588.13	$	983.58	
	
	$	-	$	107.92	
0	$	-	$	613.49	
	$	-	$	721.41	
	
	$	-	$	107.92	
0	$	-	$	524.34	
	$	-	$	632.26	
	
	$	-	$	107.92	
0	$	-	$	435.20	
	$	-	$	543.12	

$	14,893.37
$	96,238.44
$  111,131.81	
	
$	5,827.84
$	47,285.64
$	53,113.48	
	
$	28,923.35
$  164,415.32
$  193,338.67	
	
$	28,923.35
$  140,523.12
$  169,446.47	
	
$	42,089.95
$  169,728.00
$  211,817.95	

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 33

Assessment Recap - Unit 9 (Total Gross)

A	B	C	D	E	F	
			Total Fiscal Year	Total Fiscal Year	Total Fiscal Year	
			2023/2024	2024/2025	2024/2025	
Product
Type		Total
Units	
Assessment Per Unit	Projected
Assessment	Projected
Assessment Per Unit	
						
			Unit 9 Master			

50' Single Family	Admin / Maint Debt
Sub-Total	
228	$	264.37
$	1,754.57

$	2,018.94	$	69,822.56
$	400,041.96

$	469,864.52	$	306.24
$	1,754.57

$	2,060.81	
	
62' Single Family	Admin / Maint		$	264.37	$	29,705.21	$	306.24	
	Debt	97	$	2,175.67	$	211,039.99	$	2,175.67	
	Sub-Total		$	2,440.04	$	240,745.20	$	2,481.91	
	
75' Single Family	Admin / Maint		$	264.37	$	24,805.38	$	306.24	
	Debt	81	$	2,631.86	$	213,180.66	$	2,631.86	
	Sub-Total		$	2,896.23	$	237,986.04	$	2,938.10	
	
85' Single Family	Admin / Maint		$	264.37	$	19,293.08	$	306.24	
	Debt	63	$	2,982.77	$	187,914.51	$	2,982.77	
	Sub-Total		$	3,247.14	$	207,207.59	$	3,289.01	
	
Coach	Admin / Maint		$	264.37	$	80,847.17	$	306.24	
	Debt	264	$	877.29	$	231,604.56	$	877.29	
	Sub-Total		$	1,141.66	$	312,451.73	$	1,183.53	
	
Total		733		$	224,473.40
$	1,243,781.68	Gross	

Page 34

Assessment Recap - Unit 9 (Collection Method)

	TOTAL GROSS			PLATTED ON ROLL GROSS			DIRECT BILL GROSS	

A

B

C

E

F

G

H

I

J

	Total Fiscal Year	Total Fiscal Year	Total Fiscal Year	Total Fiscal Year	
	2024/2025	2024/2025	2024/2025	2024/2025	
Product	Total	Projected	Projected	Platted	Platted	Platted	
Type	Units	Assessment	Assessment Per Unit	Units	Assessment	Assessment Per Unit	
					
			Unit 9 Master		

50' Single Family	Admin / Maint Debt
Sub-Total	
228	$	69,822.56
$	400,041.96
$	469,864.52	$	306.24
$	1,754.57
$	2,060.81	
	
62' Single Family	Admin / Maint		$	17,455.64	$	306.24	
	Debt	57	$	124,013.19	$	2,175.67	
	Sub-Total		$	141,468.83	$	2,481.91	
	
62' Single Family	Admin / Maint		$	12,249.57	$	306.24	
Buy Down	Debt	40	$	85,233.20	$	2,130.83	
	Sub-Total		$	97,482.77	$	2,437.07	
	
75' Single Family	Admin / Maint		$	24,805.38	$	306.24	
	Debt	81	$	213,180.66	$	2,631.86	
	Sub-Total		$	237,986.04	$	2,938.10	
	
85' Single Family	Admin / Maint		$	19,293.08	$	306.24	
	Debt	63	$	187,914.51	$	2,982.77	
	Sub-Total		$	207,207.59	$	3,289.01	
	
Coach	Admin / Maint		$	80,847.17	$	306.24	
	Debt	264	$	231,604.56	$	877.29	
	Sub-Total		$	312,451.73	$	1,183.53	

		$	-	$	306.24	
0		 $	- 	$	1,754.57	
		$	-	$	2,060.81	
			
		$	-	$	306.24	
0		 $	- 	$	2,175.67	
		$	-	$	2,481.91	
			
		$	-	$	306.24	
0		 $	- 	$	2,130.83	
		$	-	$	2,437.07	
			
		$	-	$	306.24	
0		 $	- 	$	2,631.86	
		$	-	$	2,938.10	
			
		$	-	$	306.24	
0		 $	- 	$	2,982.77	
		$	-	$	3,289.01	
			
		$	-	$	306.24	
0		 $	- 	$	877.29	
		$	-	$	1,183.53	

$	69,822.56
$	400,041.96
$	469,864.52	
	
$	17,455.64
$	124,013.19
$	141,468.83	
	
$	12,249.57
$	85,233.20
$	97,482.77	
	
$	24,805.38
$	213,180.66
$	237,986.04	
	
$	19,293.08
$	187,914.51
$	207,207.59	
	
$	80,847.17
$	231,604.56
$	312,451.73	

 TOTAL GROSS	

  733	 $	224,473.40

Total Gross

0

$

-

 $  1,241,988.08  	

 $	-	

Total Platted On Roll Gross

$	224,473.40  Total Direct Bill
$  1,241,988.08 Gross

 TOTAL NET	

  733	 $	211,005.00

Total Net

0

$

-

Total Platted On Roll Net

$	211,005.00  Total Direct Bill Net
$  1,167,468.80

 $  1,167,468.80  	

 $	-	

Page 35

Assessment Recap - Unit 10 (Total Gross)

A	B	C	D	E	F	
			Total Fiscal Year	Total Fiscal Year	Total Fiscal Year	
			2023/2024	2024/2025	2024/2025	
Product
Type		Total
Units	
Assessment Per Unit	Projected
Assessment	Projected
Assessment Per Unit	
						
			Unit 10 Master			

Coach	Admin / Maint		$	-	$	84,411.48	$	639.48	
	Debt	132	$	-	$	149,756.64	$	1,134.52	
	Sub-Total		$	-	$	234,168.12	$	1,774.00	
	
Townhomes	Admin / Maint		$	-	$	23,660.79	$	639.48	
	Debt	37	$	-	$	50,372.54	$	1,361.42	
	Sub-Total		$	-	$	74,033.33	$	2,000.90	
	
50' Single Family	Admin / Maint		$	-	$	56,274.32	$	639.48	
	Debt	88	$	-	$	199,675.52	$	2,269.04	
	Sub-Total		$	-	$	255,949.84	$	2,908.52	
	
65' Single Family	Admin / Maint		$	-	$	183,531.02	$	639.48	
	Debt	287	$	-	$	846,578.25	$	2,949.75	
	Sub-Total		$	-	$	1,030,109.27	$	3,589.23	
	
75' Single Family	Admin / Maint		$	-	$	28,776.64	$	639.48	
	Debt	45	$	-	$	153,160.20	$	3,403.56	
	Sub-Total		$	-	$	181,936.84	$	4,043.04	
	
Total		589		$	376,654.26
$	1,399,543.15	Gross	

Page 36

Assessment Recap - Unit 10 (Collection Method)

	TOTAL GROSS			PLATTED ON ROLL GROSS			DIRECT BILL GROSS	

A

B

C

E

F

G

H

I

J

	Total Fiscal Year	Total Fiscal Year	Total Fiscal Year	Total Fiscal Year	
	2024/2025	2024/2025	2024/2025	2024/2025	
Product	Total	Projected	Projected	Platted	Platted	Platted	
Type	Units	Assessment	Assessment Per Unit	Units	Assessment	Assessment Per Unit	
					
			Unit 10 Master		

Coach	Admin / Maint Debt
Sub-Total	
132	$	84,411.48
$	149,756.64
$	234,168.12	$	639.48
$	1,134.52
$	1,774.00	
	
Townhomes	Admin / Maint		$	23,660.79	$	639.48	
	Debt	37	$	50,372.54	$	1,361.42	
	Sub-Total		$	74,033.33	$	2,000.90	
	
50' Single Family	Admin / Maint		$	56,274.32	$	639.48	
	Debt	88	$	199,675.52	$	2,269.04	
	Sub-Total		$	255,949.84	$	2,908.52	
	
65' Single Family	Admin / Maint		$	183,531.02	$	639.48	
	Debt	287	$	846,578.25	$	2,949.75	
	Sub-Total		$  1,030,109.27	$	3,589.23	
	
75' Single Family	Admin / Maint		$	28,776.64	$	639.48	
	Debt	45	$	153,160.20	$	3,403.56	
	Sub-Total		$	181,936.84	$	4,043.04	

		$	-	$	639.48	
0		 $	- 	$	1,134.52	
		$	-	$	1,774.00	
			
		$	-	$	639.48	
0		 $	- 	$	1,361.42	
		$	-	$	2,000.90	
			
		$	-	$	639.48	
0		 $	- 	$	2,269.04	
		$	-	$	2,908.52	
			
		$	-	$	639.48	
0		 $	- 	$	2,949.75	
		$	-	$	3,589.23	
			
		$	-	$	639.48	
0		 $	- 	$	3,403.56	
		$	-	$	4,043.04	

$	84,411.48
$	149,756.64
$	234,168.12	
	
$	23,660.79
$	50,372.54
$	74,033.33	
	
$	56,274.32
$	199,675.52
$	255,949.84	
	
$	183,531.02
$	846,578.25
$  1,030,109.27	
	
$	28,776.64
$	153,160.20
$	181,936.84	

 TOTAL GROSS	

  589	 $	376,654.26

Total Gross

0

$

-

 $  1,399,543.15  	

 $	-	

Total Platted On Roll Gross

$	376,654.26  Total Direct Bill
$  1,399,543.15 Gross

 TOTAL NET	

  589	 $	354,055.00

Total Net

0

$

-

Total Platted On Roll Net

$	354,055.00  Total Direct Bill Net
$  1,315,570.56

 $  1,315,570.56  	

 $	-	

Page 37

 Assesments - Island Walk	

Island Walk Assessment Breakdown	

Product Type	District Proper Fiscal Year 2024/2025
Assessment
Per Unit	Unit 1	Unit 2 Fiscal Year 2024/2025
Assessment
Per Unit	Unit 3 through 9 Fiscal Year 2024/2025
Assessment
Per Unit	All Units	
		Fiscal Year			Total Fiscal Year	
		2024/2025			2024/2025	
		Assessment			Assessment	
		Per Unit			Per Unit	
	
Single	Admin / Maint	$	20.01	$	265.60	$	7.24	$	-	$	292.85	
Family		Debt	  $	-		$	172.39	 $	379.89   $	-		$	552.28	
	Sub-Total	$	20.01	$	437.99	$	387.13	$	-	$	845.13	

Multi Family	Admin / Maint	$	20.01
	Debt	  $	-	
Sub-Total	$	20.01			
		$	265.60	$	7.20	$	-	$	292.81	
		$	172.39	 $	378.22   $	-		$	550.61	
		$	437.99	$	385.42	$	-	$	843.42	
			
Any Lot Outside  Admin / Maint	$	20.01	$	265.60	$	-	$	-
 $	-	  $	-	
$	-	$	-	$	285.61	
Unit 2 Boundary 	Debt	  $	-		$	172.39		$	172.39	
Sub-Total	$	20.01	$	437.99		$	458.00	

Island Walk Assessment Changes	

Total Fiscal Year	
Total Fiscal Year	
Total Change +/(-)	
2023/2024	2024/2025	From Previous	
Assessment	Assessment	Year	
Per Unit	Per Unit	Per Unit	

$	804.82	

$	845.13	

$	40.31	

$	803.11	

$	843.42	

$	40.32	

$	417.16	

$	458.00	

$	40.84	

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 - 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			2024/2025		2024/2025		2024/2025		2024/2025		2024/2025	2024/2025	
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		$	20.01		$	265.60		$	8.08		$	244.35		$	-	$	538.04	
	Debt		$	-		$	172.39		$	424.10		$	1,093.10		$	-	$	1,689.59	
	Sub-Total		$	20.01		$	437.99		$	432.18		$	1,337.45		$	-	$	2,227.63	
	
3 Bdr Sam 70	Admin / Maint		$	20.01		$	265.60		$	8.08		$	244.35		$	-	$	538.04	
	Debt		$	-		$	172.39		$	424.10		$	1,432.12		$	-	$	2,028.61	
	Sub-Total		$	20.01		$	437.99		$	432.18		$	1,676.47		$	-	$	2,566.65	
	
3 Bdr Sam 80	Admin / Maint		$	20.01		$	265.60		$	8.08		$	244.35		$	-	$	538.04	
	Debt		$	-		$	172.39		$	424.10		$	1,559.05		$	-	$	2,155.54	
	Sub-Total		$	20.01		$	437.99		$	432.18		$	1,803.40		$	-	$	2,693.58	
	
3 Bdr Lee 45	Admin / Maint		$	20.01		$	265.60		$	8.08		$	244.35		$	-	$	538.04	
	Debt		$	-		$	172.39		$	424.10		$	1,227.41		$	-	$	1,823.90	
	Sub-Total		$	20.01		$	437.99		$	432.18		$	1,471.76		$	-	$	2,361.94	
	
3 Bdr Lee 65	Admin / Maint		$	20.01		$	265.60		$	8.08		$	244.35		$	-	$	538.04	
	Debt		$	-		$	172.39		$	424.10		$	1,380.47		$	-	$	1,976.96	
	Sub-Total		$	20.01		$	437.99		$	432.18		$	1,624.82		$	-	$	2,515.00	
	
35'	Admin / Maint		$	20.01		$	265.60		$	6.14		$	244.35		$	-	$	536.10	
	Debt		$	-		$	172.39		$	322.17		$	521.28		$	-	$	1,015.84	
	Sub-Total		$	20.01		$	437.99		$	328.31		$	765.63		$	-	$	1,551.94	
	
Townhome	Admin / Maint		$	20.01		$	265.60		$	6.14		$	244.35		$	-	$	536.10	
	Debt		$	-		$	172.39		$	322.17		$	521.28		$	-	$	1,015.84	
	Sub-Total		$	20.01		$	437.99		$	328.31		$	765.63		$	-	$	1,551.94	
	
Coach	Admin / Maint		$	20.01		$	265.60		$	6.89		$	244.35		$	-	$	536.85	
	Debt		$	-		$	172.39		$	361.34		$	627.66		$	-	$	1,161.39	
	Sub-Total		$	20.01		$	437.99		$	368.23		$	872.01		$	-	$	1,698.24	
	
45'	Admin / Maint		$	20.01		$	265.60		$	8.08		$	244.35		$	-	$	538.04	
	Debt		$	-		$	172.39		$	424.10		$	627.66		$	-	$	1,224.15	
	Sub-Total		$	20.01		$	437.99		$	432.18		$	872.01		$	-	$	1,762.19	
	
52'	Admin / Maint		$	20.01		$	265.60		$	8.08		$	244.35		$	-	$	538.04	
	Debt		$	-		$	172.39		$	424.10		$	734.04		$	-	$	1,330.53	
	Sub-Total		$	20.01		$	437.99		$	432.18		$	978.39		$	-	$	1,868.57	
	
62'	Admin / Maint		$	20.01		$	265.60		$	8.08		$	244.35		$	-	$	538.04	
	Debt		$	-		$	172.39		$	424.10		$	840.42		$	-	$	1,436.91	
	Sub-Total		$	20.01		$	437.99		$	432.18		$	1,084.77		$	-	$	1,974.95	
	
65'	Admin / Maint		$	20.01		$	265.60		$	8.08		$	244.35		$	-	$	538.04	
	Debt		$	-		$	172.39		$	424.10		$	840.42		$	-	$	1,436.91	
	Sub-Total		$	20.01		$	437.99		$	432.18		$	1,084.77		$	-	$	1,974.95	
	
70'	Admin / Maint		$	20.01		$	265.60		$	8.08		$	244.35		$	-	$	538.04	
	Debt		$	-		$	172.39		$	424.10		$	840.42		$	-	$	1,436.91	
	Sub-Total		$	20.01		$	437.99		$	432.18		$	1,084.77		$	-	$	1,974.95	
	
75'	Admin / Maint		$	20.01		$	265.60		$	8.08		$	244.35		$	-	$	538.04	
	Debt		$	-		$	172.39		$	424.10		$	946.81		$	-	$	1,543.30	
	Sub-Total		$	20.01		$	437.99		$	432.18		$	1,191.16		$	-	$	2,081.34	
	
80'	Admin / Maint		$	20.01		$	265.60		$	8.08		$	244.35		$	-	$	538.04	
	Debt		$	-		$	172.39		$	424.10		$	946.81		$	-	$	1,543.30	
	Sub-Total		$	20.01		$	437.99		$	432.18		$	1,191.16		$	-	$	2,081.34	

Gran Paradiso Assessment Changes	

Total Fiscal Year	
Total Fiscal Year	
Total Change +/(-)	
2023/2024	2024/2025	From Previous	
Assessment	Assessment	Year	
Per Unit	Per Unit	Per Unit	

$	2,191.31	

$	2,227.63	

$	36.32	

$	2,530.33	

$	2,566.65	

$	36.32	

$	2,657.26	

$	2,693.58	

$	36.32	

$	2,325.62	

$	2,361.94	

$	36.32	

$	2,478.68	

$	2,515.00	

$	36.32	

$	1,515.48	

$	1,551.94	

$	36.46	

$	1,515.48	

$	1,551.94	

$	36.46	

$	1,661.83	

$	1,698.24	

$	36.41	

$	1,725.87	

$	1,762.19	

$	36.32	

$	1,832.25	

$	1,868.57	

$	36.32	

$	1,938.63	

$	1,974.95	

$	36.32	

$	1,938.63	

$	1,974.95	

$	36.32	

$	1,938.63	

$	1,974.95	

$	36.32	

$	2,045.02	

$	2,081.34	

$	36.32	

$	2,045.02	

$	2,081.34	

$	36.32	

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 - 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			2024/2025	2024/2025		2024/2025	2024/2025		2024/2025		2024/2025	2024/2025	
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		$	20.01	$	265.60		$	-	$	-		$	97.16		$	-	$	382.77	
35' Villa	Debt		$	-	$	172.39		$	-	$	-		$	678.03		$	-	$	850.42	
	Sub-Total		$	20.01	$	437.99		$	-	$	-		$	775.19		$	-	$	1,233.19	
			
Renaissance	Admin / Maint		$	20.01	$	265.60		$	-	$	-		$	97.16		$	-	$	382.77	
50'	Debt		$	-	$	172.39		$	-	$	-		$	998.94		$	-	$	1,171.33	
	Sub-Total		$	20.01	$	437.99		$	-	$	-		$	1,096.10		$	-	$	1,554.10	
			
Renaissance	Admin / Maint		$	20.01	$	265.60		$	-	$	-		$	97.16		$	-	$	382.77	
60'	Debt		$	-	$	172.39		$	-	$	-		$	1,212.87		$	-	$	1,385.26	
	Sub-Total		$	20.01	$	437.99		$	-	$	-		$	1,310.03		$	-	$	1,768.03	
			
Oasis	Admin / Maint		$	20.01	$	265.60		$	-	$	-		$	97.16		$	-	$	382.77	
60'	Debt		$	-	$	172.39		$	-	$	-		$	829.89		$	-	$	1,002.28	
	Sub-Total		$	20.01	$	437.99		$	-	$	-		$	927.05		$	-	$	1,385.05	
			
Oasis	Admin / Maint		$	20.01	$	265.60		$	-	$	-		$	97.16		$	-	$	382.77	
70'	Debt		$	-	$	172.39		$	-	$	-		$	980.00		$	-	$	1,152.39	
	Sub-Total		$	20.01	$	437.99		$	-	$	-		$	1,077.16		$	-	$	1,535.16	
			
Preserve	Admin / Maint		$	20.01	$	265.60		$	7.20	$	-		$	97.16		$	-	$	389.97	
33' Villa	Debt		$	-	$	172.39		$	-	$	-		$	424.61		$	-	$	597.00	
	Sub-Total		$	20.01	$	437.99		$	7.20	$	-		$	521.77		$	-	$	986.97	
			
Preserve	Admin / Maint		$	20.01	$	265.60		$	7.24	$	-		$	97.16		$	-	$	390.01	
50'	Debt		$	-	$	172.39		$	-	$	-		$	679.79		$	-	$	852.18	
	Sub-Total		$	20.01	$	437.99		$	7.24	$	-		$	776.95		$	-	$	1,242.19	

Renaissance, Oasis, & Preserve Assessment Changes	

Total Fiscal Year	
Total Fiscal Year	
Total Change +/(-)	
2023/2024	2024/2025	From Previous	
Assessment	Assessment	Year	
Per Unit	Per Unit	Per Unit	

$	1,198.21	

$	1,233.19	

$	34.98	

$	1,519.11	

$	1,554.10	

$	34.98	

$	1,733.05	

$	1,768.03	

$	34.98	

$	1,350.07	

$	1,385.05	

$	34.98	

$	1,500.18	

$	1,535.16	

$	34.98	

$	952.51	

$	986.97	

$	34.46	

$	1,207.73	

$	1,242.19	

$	34.46	

*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 40

 Assessments - Unit 7 Villages	

Unit 7 Villages Assessment Breakdown	

Product Type			District Proper Total Fiscal Year 2024/2025
Assessment
Per Unit	Unit 1 Total Fiscal Year
2024/2025
Assessment Per Unit		Unit 2 Total Fiscal Year
2024/2025
Assessment Per Unit	Unit 3 Total Fiscal Year
2024/2025
Assessment Per Unit		Unit 4 Total Fiscal Year
2024/2025
Assessment Per Unit		Unit 7
Total Fiscal Year 2024/2025
Assessment
Per Unit	All Units Total Fiscal Year
2024/2025
Assessment Per Unit	
	
50'	Admin / Maint		$	20.01	$	265.60		$	-	$	-		$	-		$	110.79	$	396.40	
	Debt		$	-	$	172.39		$	-	$	-		$	-		$	830.00	$	1,002.39	
	Sub-Total		$	20.01	$	437.99		$	-	$	-		$	-		$	940.79	$	1,398.79	
			
74'	Admin / Maint	$	20.01
Debt	$	-
Sub-Total	$	20.01	$	265.60		$	-	$	-	$	-	$	110.79	$	396.40	
	$	172.39		$	-	$	-	$	-	$	1,228.40	$	1,400.79	
	$	437.99		$	-	$	-	$	-	$	1,339.19	$	1,797.19	
			
Coach	Admin / Maint	$	20.01
Debt	$	-
Sub-Total	$	20.01	$	265.60		$	-	$	-	$	-	$	110.79	$	396.40	
	$	172.39		$	-	$	-	$	-	$	622.50	$	794.89	
	$	437.99		$	-	$	-	$	-	$	733.29	$	1,191.29	
			
2-Story	Admin / Maint	$	20.01
Debt	$	-
Sub-Total	$	20.01	$	265.60		$	-	$	-	$	-	$	110.79	$	396.40	
	$	172.39		$	-	$	-	$	-	$	456.50	$	628.89	
	$	437.99		$	-	$	-	$	-	$	567.29	$	1,025.29	
			
4-Story	Admin / Maint	$	20.01
Debt	$	-
Sub-Total	$	20.01	$	265.60		$	-	$	-	$	-	$	110.79	$	396.40	
	$	172.39		$	-	$	-	$	-	$	415.00	$	587.39	
	$	437.99		$	-	$	-	$	-	$	525.79	$	983.79	
			
Village B	Admin / Maint	$	20.01
50'	Debt	$	-
Sub-Total	$	20.01	$	265.60		$	-	$	-	$	-	$	110.79	$	396.40	
	$	172.39		$	-	$	-	$	-	$	1,660.00	$	1,832.39	
	$	437.99		$	-	$	-	$	-	$	1,770.79	$	2,228.79	
			
Village F1	Admin / Maint	$	20.01
37'	Debt	$	-
Sub-Total	$	20.01	$	265.60		$	-	$	-	$	-	$	110.79	$	396.40	
	$	172.39		$	-	$	-	$	-	$	1,245.00	$	1,417.39	
	$	437.99		$	-	$	-	$	-	$	1,355.79	$	1,813.79	
			
Village F1	Admin / Maint	$	20.01
50'	Debt	$	-
Sub-Total	$	20.01	$	265.60		$	-	$	-	$	-	$	110.79	$	396.40	
	$	172.39		$	-	$	-	$	-	$	1,660.00	$	1,832.39	
	$	437.99		$	-		$	2,228.79	
				$	-	$	-	$	1,770.79		
			
Village F1	Admin / Maint	$	20.01
60'	Debt	$	-
Sub-Total	$	20.01	$	265.60		$	-	$	-	$	-	$	110.79	$	396.40	
	$	172.39		$	-	$	-	$	-	$	1,992.00	$	2,164.39	
	$	437.99		$	-		$	2,560.79	
				$	-	$	-	$	2,102.79		
			
Village F5	Admin / Maint	$	20.01
Dup/Paired Villas	Debt	$	-
Sub-Total	$	20.01	$	265.60		$	-	$	-	$	-	$	110.79	$	396.40	
	$	172.39		$	-	$	-	$	-	$	996.00	$	1,168.39	
	$	437.99		$	-		$	1,564.79	
				$	-	$	-	$	1,106.79		
			
Village F5	Admin / Maint	$	20.01
40'	Debt	$	-
Sub-Total	$	20.01	$	265.60		$	-	$	-	$	-	$	110.79	$	396.40	
	$	172.39		$	-	$	-	$	-	$	1,328.00	$	1,500.39	
	$	437.99		$	-		$	1,896.79	
				$	-	$	-	$	1,438.79		
			
Village F5	Admin / Maint	$	20.01
50'	Debt	$	-
Sub-Total	$	20.01	$	265.60		$	-	$	-	$	-	$	110.79	$	396.40	
	$	172.39		$	-	$	-	$	-	$	1,660.00	$	1,832.39	
	$	437.99		$	-		$	2,228.79	
				$	-	$	-	$	1,770.79		

Unit 7 Villages Assessment Changes	

Total Fiscal Year	
Total Fiscal Year	
Total Change +/(-)	
2023/2024	2024/2025	From Previous	
Assessment	Assessment	Year	
Per Unit	Per Unit	Per Unit	

$	1,406.18	

$	1,398.79	

$	(7.39)	

$	1,804.58	

$	1,797.19	

$	(7.39)	

$	1,198.68	

$	1,191.29	

$	(7.39)	

$	1,032.68	

$	1,025.29	

$	(7.39)	

$	991.18	

$	983.79	

$	(7.39)	

$	2,236.18	

$	2,228.79	

$	(7.39)	

$	1,821.18	

$	1,813.79	

$	(7.39)	

$	2,236.18	

$	2,228.79	

$	(7.39)	

$	2,568.18	

$	2,560.79	

$	(7.39)	

$	1,572.18	

$	1,564.79	

$	(7.39)	

$	1,904.18	

$	1,896.79	

$	(7.39)	

$	2,236.18	

$	2,228.79	

$	(7.39)	

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

Page 41

 Assessments - Unit 8 Villages	

Unit 8 Villages Assessment Breakdown	

Product Type		District Proper Total Fiscal Year 2024/2025
Assessment
Per Unit	Unit 1 Total Fiscal Year
2024/2025
Assessment Per Unit	Unit 2 Total Fiscal Year
2024/2025
Assessment Per Unit	Unit 3 Total Fiscal Year
2024/2025
Assessment Per Unit	Unit 4 Total Fiscal Year
2024/2025
Assessment Per Unit	Unit 7 Total Fiscal Year
2024/2025
Assessment Per Unit	Unit 8 Total Fiscal Year
2024/2025
Assessment Per Unit	All Units Total Fiscal Year
2024/2025
Assessment Per Unit	
	
50'	Admin / Maint	$	20.01	$	265.60	$	-	$	-	$	-	$	-	$	107.92	$	393.53	
	Debt	$	-	$	172.39	$	-	$	-	$	-	$	-	$	1,749.69	$	1,922.08	
	Sub-Total	$	20.01	$	437.99	$	-	$	-	$	-	$	-	$	1,857.61	$	2,315.61	
							
75'	Admin / Maint	$	20.01	$	265.60	$	-	$	-	$	-	$	-	$	107.92	$	393.53	
	Debt	$	-	$	172.39	$	-	$	-	$	-	$	-	$	2,196.98	$	2,369.37	
	Sub-Total	$	20.01	$	437.99	$	-	$	-	$	-	$	-	$	2,304.90	$	2,762.90	
							
Coach	Admin / Maint	$	20.01	$	265.60	$	-	$	-	$	-	$	-	$	107.92	$	393.53	
	Debt	$	-	$	172.39	$	-	$	-	$	-	$	-	$	1,539.21	$	1,711.60	
	Sub-Total	$	20.01	$	437.99	$	-	$	-	$	-	$	-	$	1,647.13	$	2,105.13	
							
2-Story	Admin / Maint	$	20.01	$	265.60	$	-	$	-	$	-	$	-	$	107.92	$	393.53	
	Debt	$	-	$	172.39	$	-	$	-	$	-	$	-	$	1,315.55	$	1,487.94	
	Sub-Total	$	20.01	$	437.99	$	-	$	-	$	-	$	-	$	1,423.47	$	1,881.47	
							
4-Story	Admin / Maint	$	20.01	$	265.60	$	-	$	-	$	-	$	-	$	107.92	$	393.53	
	Debt	$	-	$	172.39	$	-	$	-	$	-	$	-	$	1,091.90	$	1,264.29	
	Sub-Total	$	20.01	$	437.99	$	-	$	-	$	-	$	-	$	1,199.82	$	1,657.82	

Unit 8 Villages Assessment Changes	

Total Fiscal Year	
Total Fiscal Year	
Total Change +/(-)	
2023/2024	2024/2025	From Previous	
Assessment	Assessment	Year	
Per Unit	Per Unit	Per Unit	

$	2,287.63	

$	2,315.61	

$	27.99	

$	2,734.92	

$	2,762.90	

$	27.99	

$	2,077.15	

$	2,105.13	

$	27.99	

$	1,853.49	

$	1,881.47	

$	27.99	

$	1,629.84	

$	1,657.82	

$	27.99	

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

Page 42

 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		2024/2025	2024/2025		2024/2025	2024/2025	2024/2025	2024/2025	2024/2025	2024/2025	2024/2025	
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	$	20.01	$	265.60		$	-	$	-	$	-	$	-	$	-	$	306.24	$	591.85	
	Debt	$	-	$	172.39		$	-	$	-	$	-	$	-	$	-	$	1,754.57	$	1,926.96	
	Sub-Total	$	20.01	$	437.99		$	-	$	-	$	-	$	-	$	-	$	2,060.81	$	2,518.81	
			
62'	Admin / Maint	$	20.01	$	265.60		$	-	$	-	$	-	$	-	$	-	$	306.24	$	591.85	
	Debt	$	-	$	172.39		$	-	$	-	$	-	$	-	$	-	$	2,175.67	$	2,348.06	
	Sub-Total	$	20.01	$	437.99		$	-	$	-	$	-	$	-	$	-	$	2,481.91	$	2,939.91	
			
75'	Admin / Maint	$	20.01	$	265.60		$	-	$	-	$	-	$	-	$	-	$	306.24	$	591.85	
	Debt	$	-	$	172.39		$	-	$	-	$	-	$	-	$	-	$	2,631.86	$	2,804.25	
	Sub-Total	$	20.01	$	437.99		$	-	$	-	$	-	$	-	$	-	$	2,938.10	$	3,396.10	
			
85'	Admin / Maint	$	20.01	$	265.60		$	-	$	-	$	-	$	-	$	-	$	306.24	$	591.85	
	Debt	$	-	$	172.39		$	-	$	-	$	-	$	-	$	-	$	2,982.77	$	3,155.16	
	Sub-Total	$	20.01	$	437.99		$	-	$	-	$	-	$	-	$	-	$	3,289.01	$	3,747.01	
			
Coach	Admin / Maint	$	20.01	$	265.60		$	-	$	-	$	-	$	-	$	-	$	306.24	$	591.85	
	Debt	$	-	$	172.39		$	-	$	-	$	-	$	-	$	-	$	877.29	$	1,049.68	
	Sub-Total	$	20.01	$	437.99		$	-	$	-	$	-	$	-	$	-	$	1,183.53	$	1,641.53	

Unit 9 Villages Assessment Changes	

Total Fiscal Year	
Total Fiscal Year	
Total Change +/(-)	
2023/2024	2024/2025	From Previous	
Assessment	Assessment	Year	
Per Unit	Per Unit	Per Unit	

$	2,436.10	

$	2,518.81	

$	82.71	

$	2,857.20	

$	2,939.91	

$	82.71	

$	3,313.39	

$	3,396.10	

$	82.71	

$	3,664.30	

$	3,747.01	

$	82.71	

$	1,558.82	

$	1,641.53	

$	82.71	

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 43

 Assessments - Unit 10 Villages	

Unit 10 Villages Assessment Breakdown	
			District Proper	Unit 1		Unit 2	Unit 3		Unit 4		Unit 7		Unit 8		Unit 9	Unit 10	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	Total Fiscal Year	
Product			2024/2025	2024/2025		2024/2025	2024/2025		2024/2025		2024/2025		2024/2025		2024/2025	2024/2025	2024/2025	
Type			Assessment	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	Per Unit	
	
Coach	Admin / Maint		$	20.01	$	265.60		$	-	$	-		$	-		$	-		$	-		$	-	$	639.48	$	925.09	
	Debt		$	-	$	172.39		$	-	$	-		$	-		$	-		$	-		$	-	$	1,134.52	$	1,306.91	
	Sub-Total		$	20.01	$	437.99		$	-	$	-		$	-		$	-		$	-		$	-	$	1,774.00	$	2,232.00	
			
Townhomes	Admin / Maint		$	20.01	$	265.60		$	-	$	-		$	-		$	-		$	-		$	-	$	639.48	$	925.09	
	Debt		$	-	$	172.39		$	-	$	-		$	-		$	-		$	-		$	-	$	1,361.42	$	1,533.81	
	Sub-Total		$	20.01	$	437.99		$	-	$	-		$	-		$	-		$	-		$	-	$	2,000.90	$	2,458.90	
			
50' SF	Admin / Maint		$	20.01	$	265.60		$	-	$	-		$	-		$	-		$	-		$	-	$	639.48	$	925.09	
	Debt		$	-	$	172.39		$	-	$	-		$	-		$	-		$	-		$	-	$	2,269.04	$	2,441.43	
	Sub-Total		$	20.01	$	437.99		$	-	$	-		$	-		$	-		$	-		$	-	$	2,908.52	$	3,366.52	
			
65' SF	Admin / Maint		$	20.01	$	265.60		$	-	$	-		$	-		$	-		$	-		$	-	$	639.48	$	925.09	
	Debt		$	-	$	172.39		$	-	$	-		$	-		$	-		$	-		$	-	$	2,949.75	$	3,122.14	
	Sub-Total		$	20.01	$	437.99		$	-	$	-		$	-		$	-		$	-		$	-	$	3,589.23	$	4,047.23	
			
75' SF	Admin / Maint		$	20.01	$	265.60		$	-	$	-		$	-		$	-		$	-		$	-	$	639.48	$	925.09	
	Debt		$	-	$	172.39		$	-	$	-		$	-		$	-		$	-		$	-	$	3,403.56	$	3,575.95	
	Sub-Total		$	20.01	$	437.99		$	-	$	-		$	-		$	-		$	-		$	-	$	4,043.04	$	4,501.04	

Unit 10 Villages Assessment Changes	

Total Fiscal Year	
Total Fiscal Year	
Total Change +/(-)	
2023/2024	2024/2025	From Previous	
Assessment	Assessment	Year	
Per Unit	Per Unit	Per Unit	

$	-	

$	2,232.00	

$	2,232.00	

$	-	

$	2,458.90	

$	2,458.90	

$	-	

$	3,366.52	

$	3,366.52	

$	-	

$	4,047.23	

$	4,047.23	

$	-	

$	4,501.04	

$	4,501.04	

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

Page 44

 Assessments - Thomas 167 & Other	

Thomas 167 Assessment Breakdown	

Product Type		District Proper Total Fiscal Year 2024/2025
Assessment
Per Unit	Unit 1 Total Fiscal Year
2024/2025
Assessment Per Unit		Unit 2 Total Fiscal Year
2024/2025
Assessment Per Unit	Unit 3 Total Fiscal Year
2024/2025
Assessment Per Unit	Unit 4 Total Fiscal Year
2024/2025
Assessment Per Unit	Unit 7 Total Fiscal Year
2024/2025
Assessment Per Unit	All Units Total Fiscal Year
2024/2025
Assessment Per Unit	
	
Thomas 167 * Multi
Family (3 BDR)	Admin / Maint
		Debt	 Sub-Total	$	20.01
 $	- 
$	20.01	$	265.60
 $	172.39 
$	437.99		$	7.03
 $	368.91 
$	375.94	$	-
 $	- 
$	-	$	-
 $	- 
$	-	$	-
 $	- 
$	-	$	292.64
$	541.30	
									$	833.94	
			
Thomas 167 * Multi
Family (2 BDR)	Admin / Maint
		Debt	 Sub-Total	$	20.01
 $	- 
$	20.01	$	265.60
 $	172.39 
$	437.99		$	6.28
 $	329.74 
$	336.02	$	-
 $	- 
$	-	$	-
 $	- 
$	-	$	-
 $	- 
$	-	$	291.89
$	502.13	
									$	794.02	
			
Thomas 167 *	Admin / Maint	$	20.01	$	265.60
Commercial			Debt	  $		-   $	172.39  Sub-Total		$	20.01	$		437.99		$	245.10
 $	12,863.47 
$	13,108.57	$	-
 $	- 
$	-	$	-
 $	- 
$	-	$	-
 $	- 
$	-	$	530.71
$	13,035.86	
						$	13,566.57	

Thomas 167 Assessment Changes	

Total Fiscal Year	
Total Fiscal Year	
Total Change +/(-)	
2023/2024	2024/2025	From Previous	
Assessment	Assessment	Year	
Per Unit	Per Unit	Per Unit	

$	793.61	

$	833.94	

$	40.33	

$	753.64	

$	794.02	

$	40.38	

$	13,543.54	

$	13,566.57	

$	23.02	

Undeveloped and/or Unassigned Land Assessment Breakdown	

Product Type		District Proper Total Fiscal Year 2024/2025
Assessment
Per Unit	Unit 1 Total Fiscal Year
2024/2025
Assessment Per Unit	Unit 2 Total Fiscal Year
2024/2025
Assessment Per Unit	Unit 3 Total Fiscal Year
2024/2025
Assessment Per Unit	Unit 4 Total Fiscal Year
2024/2025
Assessment Per Unit	Unit 7 Total Fiscal Year
2024/2025
Assessment Per Unit	All Units Total Fiscal Year
2024/2025
Assessment Per Unit	
	
Land Inside U1 Boundary
Per 1/2 Acre or Less	Admin / Maint
		Debt	 Sub-Total	$	20.01
 $	- 
$	20.01	$	265.60
 $	172.39 
$	437.99	$	-
 $	- 
$	-	$	-
 $	- 
$	-	$	-
 $	- 
$	-	$	-
 $	- 
$	-	$	285.61
$	172.39	
								$	458.00	

Land Outside U1 Boundary
Per 1/2 Acre or Less	
Admin / Maint
		Debt	 Sub-Total	
$	20.01
 $	- 
$	20.01	
$	-
 $	- 
$	-		
				$	-
 $	- 
$	-	$	-
 $	- 
$	-	$	-
 $	- 
$	-	$	-
 $	- 
$	-	$	20.01
$	-	
								$	20.01	

Undeveloped and/or Unassigned Land Assessment Changes	

Total Fiscal Year	
Total Fiscal Year	
Total Change +/(-)	
2023/2024	2024/2025	From Previous	
Assessment	Assessment	Year	
Per Unit	Per Unit	Per Unit	

$	417.16	

$	458.00	

$	40.84	

$	12.45	

$	20.01	

$	7.56	

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 45

 Debt Assessment Methodology - Unit 1	

Exhibit D of WVID Unit 1 Engineers Report

Column 1	Column 2	Column 3	Column 4	Column 5	Column 6	

Owner of Property	
Description of Property	Assessable Half- Acre or Less Portions	Amount of Determined Benefits	Amount of Determined Damages	Number of Acres to be Taken of Right- of-Way, ect	
						
Fourth Quarter Properties, XXXII, LLC	Exhibit D-1 of WVID Unit 1 Engineers
Report	

12,101	

$	36,816,162.00	

$0	

0	

DiVosta and Company, Inc	Exhibit D-2 of WVID Unit 1 Engineers
Report	

1,200	

$	3,650,887.89	

$0	

0	

Divosta Homes, LP	Exhibit D-3 of WVID Unit 1 Engineers
Report	

962	

$	2,926,795.13	

$0	

0	

Gran Paradiso I, LLC	Exhibit D-4 of WVID Unit 1 Engineers
Report	

1,432	

$	4,356,726.22	

$0	

0	

Gran Paradiso II, LLC	Exhibit D-5 of WVID Unit 1 Engineers
Report	

621	

$	1,889,334.48	

$0	

0	

Lee Weatherington Development, Inc.	Exhibit D-6 of WVID Unit 1 Engineers
Report	

84	

$	255,562.15	

$0	

0	

*
Amount of Benefits per Assessable Half- Acre or Less	

$	3,042.41	

$	3,042.41	

$	3,042.41	

$	3,042.41	

$	3,042.41	

$	3,042.41	

$	3,042.41

Total		

16,400	

$ 49,895,467.87	

$	-	

0	

*

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

A-1

 Debt Assessment Methodology - Unit 2	

Combined Annual Assessments After Issuance of Bonds

Property	

Units	

Original Number of Units in Area
1	

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	

A-3

 Debt Assessment Methodology - Unit 4	

RENAISSANCE SUBDIVISION	

Product Type	
Number of Units	Net M.A.D.S.
Assessment Per Unit After Contribution	Gross M.A.D.S. Assessment Per Unit After Contribution*	Total Net M.A.D.S. Assessment Per Product Type After Contribution*	Total Gross M.A.D.S. Assessment Per Product Type After Contribution*	
35' Villas	224	$	637	$	678	$	142,766	$	151,879	
50' SF	273	$	939	$	999	$	256,347	$	272,710	
60' SF	193	$	1,140	$	1,213	$	220,039	$	234,084	
Totals	690			$	619,153	$	658,673	

OASIS SUBDIVISION	

Product Type	

Number of Units	Net M.A.D.S.
Assessment Per Unit After Contribution	Gross M.A.D.S. Assessment Per Unit After Contribution*	Total Net M.A.D.S. Assessment Per Product Type After Contribution*	Total Gross M.A.D.S. Assessment Per Product Type After Contribution*	
60' SF	92	$	780	$	830	$	71,769	$	76,350	
70' SF	44	$	921	$	980	$	40,533	$	43,120	
Totals	136			$	112,302	$	119,470	
Note: Oasis is introducing a 50' catagorey in Phase II of contruction. The methodology will be updated in the future to reflect this. For now, based on the fact that all other 50' lots in Unit 4 are 1 ERU, and based on the calculated amount of 1 ERU for the 60' and 70', Unit 4 Debt for an Oasis 50' will be $650.08 NET and $691.58 GROSS

PRESERVE SUBDIVISION	

Product Type	
Number of Units	Net M.A.D.S.
Assessment Per Unit After Contribution	Gross M.A.D.S. Assessment Per Unit After Contribution*	Total Net M.A.D.S. Assessment Per Product Type After Contribution*	Total Gross M.A.D.S. Assessment Per Product Type After Contribution*	
33' Villas	90	$	399	$	425	$	35,922	$	38,215	
50' SF	110	$	639	$	680	$	70,290	$	74,777	
Totals	200			$	106,212	$	112,991	

TOTAL PROJECT	

Product Type	

Number of Units	Net M.A.D.S.
Assessment Per Unit After Contribution	Gross M.A.D.S. Assessment Per Unit After Contribution*	Total Net M.A.D.S. Assessment Per Product Type After Contribution*	Total Gross M.A.D.S. Assessment Per Product Type After Contribution*	
33' Villas	90	$	399	$	425	$	35,922	$	38,215	
35' Villas	224	$	637	$	678	$	142,766	$	151,879	
50' SF	110	$	639	$	680	$	70,290	$	74,777	
50' SF	273	$	939	$	999	$	256,347	$	272,710	
60' SF	193	$	1,140	$	1,213	$	220,039	$	234,084	
60' SF	92	$	780	$	830	$	71,769	$	76,350	
70' SF	44	$	921	$	980	$	40,533	$	43,120	
Totals	1026			$	837,666	$	891,134	

M.A.D.S. = Maximum Annual Debt Service

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

A-4

 Debt Assessment Methodology - Unit 7	

Unit 7 Master Bond	

Product Type	
Number of Units	
ERU Factor	
Total ERU	
Gross Assessment Per ERU *	
Gross Assessment Per Unit	
Gross Assessment Per Product Type *	
50' SF	1,897	1.00	1,897	$	830	$	830.00	$	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	

Unit 7 Village F3 & G-1B	

Product Type	
Number of Units	
ERU Factor	
Total ERU	
Gross Assessment Per ERU *	
Gross Assessment Per Unit	
Gross Assessment Per Product Type *	
F3 - 50' SF	97	1.00	97.00	$	830	$	829.60	$	80,471.20	
F3 - 60' SF	109	1.20	130.80	$	830	$	995.52	$	108,511.68	
							
G-1B - Paired Villa	30	0.60	18.00	$	830	$	497.76	$	14,932.80	
G-1B - 40' SF	41	0.80	32.80	$	830	$	663.68	$	27,210.88	
G-1B - 50' SF	175	1.00	175.00	$	830	$	829.60	$	145,180.00	
							
Totals	452	.	453.60			376,306.56	

*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.

A-6

 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

 Debt Assessment Methodology - Unit 10	

Unit 10 Master Bond	

Product Type	
Number of Units	
ERU Factor	
Total ERU	
Gross Assessment Per ERU *	
Gross Assessment Per Unit	
Gross Assessment Per Product Type *	
Coach	132	0.50	66.00	$	2,269	$	1,135	$	149,757	
Townhomes	37	0.60	22.20	$	2,269	$	1,361	$	50,373	
50' SF	88	1.00	88.00	$	2,269	$	2,269	$	199,676	
65' SF	287	1.30	373.10	$	2,269	$	2,950	$	846,578	
75' SF	45	1.50	67.50	$	2,269	$	3,404	$	153,160	
							
Totals	589	.	616.80			1,399,543	

*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-8

West Villages Improvement District
Unit 6 - Master Irrigation Utility

Proposed Budget For Fiscal Year 2024/2025
October 1, 2024 - September 30, 2025

WEST VILLAGES IMPROVEMENT DISTRICT - UNIT 6 MASTER IRRIGATION UTILITY BUDGET
FISCAL YEAR 2024/2025

REVENUES	FISCAL YEAR 2022/2023 ACTUAL	FISCAL YEAR 2023/2024 BUDGET	FISCAL YEAR 2024/2025 BUDGET	

COMMENTS	

Well Availability Charge	
$	295,888.62	
$	260,212.86	
$	349,127.00	
Increases due to additional Units	

Base Charge	
$	98,629.62	
$	86,916.44	
$	196,750.00	
Increases due to additional Units	

Water Usage	
$	528,255.23	
$	605,324.00	
$	935,704.00	
Increases due to additional Units	

Interest / Other Income	
$	7,705.20	
$	-	
$	-		

Special Assessment (1)		
$	904,255.00	
$	404,255.00	
Special Assessment for Gran Paradiso HOA Irrigation Lawsuit	

Total Revenues	
$	930,478.67	
$	1,856,708.30	
$	1,885,836.00		

Developer Subsidy for Capital / Operating	
$	1,266,369.48	
$	517,876.00	
$	454,296.00		

Total Funds Available	
$	2,196,848.15	
$	2,374,584.30	
$	2,340,132.00		

EXPENDITURES					

Engineering	
$	169,050.87	
$	100,000.00	
$	100,000.00		

Professional Services	
$	-	
$	-	
$	100,000.00	
FDEP Reporting, WUP Management etc.	

Engineering - Extraordinary	
$	19,200.00	
$	35,000.00	
$	25,000.00	
2024 Water Rate update from 2023 water rate study	

Management	
$	40,000.00	
$	40,000.00	
$	80,000.00		

Operations Administration	
$	148,000.00	
$	148,000.00	
$	210,000.00	
Anticipated additional staff member	

Legal	
$	2,657.50	
$	10,000.00	
$	10,000.00		

Legal - Extraordinary Cost (GP Lawsuit)	
$	-	
$	750,000.00	
$	350,000.00	Gran Paradiso Irrigation Lawsuit 2024/2025- Anticipated Expenses	

Audit	
$	2,790.00	
$	3,000.00	
$	5,000.00		

Miscellaneous	
$	128.40	
$	5,000.00	
$	15,000.00		

Misc - Extraordinary Cost (GP Lawsuit)	
$	-	
$	65,000.00	
$	30,000.00	Gran Paradiso Irrigation Lawsuit 2024/2025 Anticipated Expenses	

Utility System - Repairs & Maintenance	
$	312,003.60	
$	280,000.00	
$	240,000.00	
Annual Hoover Pump Maintenance $59,132.75 (2023/2024)	

Electricity	
$	142,698.44	
$	262,200.00	
$	175,000.00	Additional pump stations for Palmyra, Brightmore, Everly, Lakespur,PIL 4, PIL 2	

Water (Purchase Reclaimed Water)	
$	95,107.72	
$	145,000.00	
$	125,000.00		

Fuel & Oil	
$	-	
$	5,000.00	
$	20,000.00	
Generators, if needed at well 83	

Well Availability Payment	
$	(3,114.99)	
$	260,212.86	
$	349,127.00	
Collected, but being held in escrow per Board direction	

Base Charge Payment	
$	-	
$	86,916.44	
$	196,750.00	
Money tranfered to capital recovery account	

Infrastructure Improvements	
$	722,727.67	
$	125,000.00	
$	250,000.00	
Well 96 implemention	

PIL Extraordinary Erosion	
$	-	
$	-	
$	35,000.00	
New line item 24/25	

Total Expenditures	
$	1,651,249.21	
$	2,320,329.30	
$	2,315,877.00		

County Appraiser & Tax Collector Fee	
$	-	
$	(18,085.00)	
$	(8,085.00)	
2% County Collection Fee	

Discounts for Early Payments	
$	-	
$	(36,170.00)	
$	(16,170.00)	
4% Early Payment to County Discount	

Excess / (Shortfall)	
$	545,598.94	
$	-	
$	-		

(1) Estimated 2024/2025 Assessable Entities =  4,968	Per Unit Gross Special Assessment Rate = $81.37

INTERLOCAL AGREEMENT BETWEEN SARASOTA COUNTY, FLORIDA, AND THE WEST VILLAGES
IMPROVEMENT DISTRICT
FOR THE DESIGN, PERMITTING, AND CONSTRUCTION OF THE RIVER ROAD REGIONAL INTERSTATE CONNECTOR WIDENING INCLUDING SOUTH RIVER ROAD FROM US41 TO WINCHESTER BOULEVARD AND WINCHESTER BOULEVARD FROM SOUTH RIVER ROAD TO THE CHARLOTTE COUNTY LINE

This Interlocal Agreement (the “Agreement”) is made and entered into this 	day of 	, 2024 by and between Sarasota County, Florida, a political subdivision of the State of Florida (herein referred to as the “County”) and the West Villages Improvement District, an independent special district of the State of Florida (herein referred to as the “District”)(collectively the County and the District may be referred to as the “Parties” or, singularly as a “Party”).

W I T N E S S E T H:
WHEREAS, the County’s FY 2024 Strategic Plan includes the River Road Regional Interstate Connector focused on the advancement of design, permitting, and construction of the widening of South River Road from US41 to Winchester Boulevard and Winchester Boulevard from South River Road to the Charlotte County Line, from a two lane to a four-lane suburban arterial section (the “County Improvements”); and

WHEREAS, the County Improvements include the expansion of the number of travel lanes from two to four, the addition of a median, 12-foot wide trails/sidewalks, stormwater management and drainage, landscaping, roadway lighting, public and private utility adjustments, relocations and coordination, and multiple turn lanes and tie-ins to existing and proposed roadway approaches; and

WHEREAS, the District also has a need to develop certain roadway improvements along South River Road to provide access to the lands within its jurisdictional boundary as detailed in the attached Exhibit A (the “District Improvements,” which collectively with the County Improvements may be referred to as the “Improvements”); and

WHEREAS, the Parties agree that it is in the best interest of both the District and the County to coordinate the design, permitting and construction of the Improvements (the “Project”); and

WHEREAS, the Parties agree that the District can likely complete the design and permitting of the Improvements more quickly than the County and, therefore, it is in the best interest of the Parties that the District will be responsible for the design and permitting of the Improvements; and

WHEREAS, the Parties agree that the Improvements shall constitute part of the county road system and, upon completion of the design and permitting of the Improvements, the County will be responsible to carry out the construction of the Improvements; and

WHEREAS, the Parties are each authorized to enter into the Agreement pursuant to Section 163.01, Florida Statutes.

NOW, THEREFORE, in accordance with Chapter 163, Part I, Florida Statutes, as amended, the Parties for and in consideration of the mutual benefits and promises set forth herein do enter into this Agreement and represent, covenant, and agree with each other as follows:

SECTION 1.  RECITALS. The Parties do hereby acknowledge and agree that the above recitals are true and correct to the best of their knowledge and belief and are incorporated herein by this reference.

SECTION 2.	DISTRICT OBLIGATIONS.

Engagement of Qualified Design and Permitting Professionals. The District shall, solely at its own cost and expense, engage one or more design engineering professionals, licensed and registered with the State of Florida, to complete the engineering design and permitting of the Improvements in accordance with the regulatory requirements of the County and any other governmental agency having permitting authority over the Improvements.

Design Elements. The District shall cause the design and permitting of the Improvements to include the following elements:

Preliminary Design Report including:
Roadway Design Requirements
Environmental Constraints
Stormwater Design Requirements
Intersection projected demand counts and recommended intersection control design (“ICE Light”, where only three scenarios will be studied for each intersection, that being 1) No build, 2) Signalization and 3) Roundabout.

Survey and Soils Testing including:
Topographic Survey
Right of Way mapping
Sketches and Descriptions for Easements and additional right of way
Environmental flags
Geotechnical Survey

Subsurface Utility Engineering including
Investigation and Designation
Specific Purpose Survey with update
Vacuum Excavation

Preliminary Road Layout

Design and Preparation of Construction Plans
30 (Traffic Projections, Ice Light, Utilities & Environmental), 60, 90 and 100% phases with construction cost estimates
Separate 100% phase construction cost estimate for the District Improvements as described in Exhibit A
Signed and Sealed Final Plans for Bidding

Regulatory Agency Permits including
Securing all necessary permits
Providing Grand Tree Assessment
Listed Species Survey
Update to the 2000 PD&E study to meet requirements of Federal funding.

Signed and Sealed Utilities Plan and Permits
To accommodate/adjust all public and private existing utilities
Coordination	with	Florida	Power	and	Light	(FPL)	and accommodation of any necessary relocations of FPL facilities.

Signed and Sealed Bid Documents with Specifications

Public Involvement Support, including:
A minimum of 2 public meetings and/or workshops
Assistance with responses to public information requests.

Right of Way Acquisition Support including:
Right of Way Survey
Right of Way Map
Right of Way Acquisition Plan
Parcel Sketches and Descriptions
Engineer of Record Construction Phase Services (to be negotiated during subsequent phases)
Project Administration
Regular coordination and communication with the County, design professionals, regulatory agencies and other project stakeholders.
Scheduling and management of monthly progress or other necessary project meetings including development and distribution of agendas and minutes.
Review and processing of all invoices.

Costs of Design and Permitting. The District shall be responsible for all costs and expenses of whatsoever nature as may be required for, derived from, or arise out of the design and permitting of the Improvements including by way of example but not limitation: engineering,

environmental assessment, permitting, surveying and other professionals or consultants fees, costs and expenses; fees and assessments imposed by governmental review agencies; advertisement and publication costs payments to professionals, contractors, subcontractors, material, men and/or laborers for the design and permitting of the Improvements; change orders to contracts or delay claims; governmental entity or agency permit/license applications, permits and inspections. It is expressly recognized that the District shall not be responsible for paying for the costs to acquire property or right-of-way necessary for the construction of the Improvements from any third parties. However, the District shall be responsible for the costs incurred to have consultants engaged in the design and permitting of the Improvements to provide all design and engineering work necessary to support the property acquisition needed to construct the Improvements including possible site- specific design modifications to account for signage, access, utilities, and cures to mitigation any severance damages that arise from the acquisition.

Design and Permitting Process.	In carrying out the design and permitting of the Improvements, the District shall comply with the following:

The design engineering professionals engaged by the District shall provide the Improvement design plans at 30%, 60%, 90% and signed/sealed 100%, all specifications, bid documents, applicable, complete permit applications, right of way documentation, along with all supporting and associated documents, in both hard copy and electronic copy, to the County for review and approval by all relevant departments and agencies, at design phase completion, in accordance with the County’s current submittal procedures and practices for a Capital Improvement Project. The District shall exercise its best efforts to have its design engineering professionals provide the design of the Improvements to the County by June 18, 2026. The design of the Improvements shall be in conformance to current County Unified Development Code standards. Design specifications shall include all aspects required for use of Federal funding.

The District agrees to require its design engineering professionals to exercise the appropriate standard of care throughout said professional’s provision of the design and permitting of the Improvements. Acceptance of the project deliverables by the County shall not constitute a waiver or relieve the District’s design engineering professionals of said design engineering professionals’ obligation to provide signed and sealed design plans that are complete and accurate in all material respects for the Improvements.

Concurrent with each design phase submittal of the design plans, the District shall furnish the County with a copy of its design engineering professionals’ opinion of probable construction cost (“EOPC”) identifying associated unit cost sources. Each EOPC shall be provided for anticipated costs in the calendar year 2025 and escalated to projected costs in years 2026, 2027 and 2028.

The District’s design engineering professionals shall apply for and pursue the appropriate permits that are required to be obtained from the Southwest Florida Water Management District, the Florida Department of Environmental Protection, the Florida Department of Health and the US Army Corps of Engineers, and from any other agency or utility requiring construction permitting or authorization of the Improvements. The District’s design engineering professionals shall make their best efforts to obtain said permits by April 30, 2026.

The District agrees to require the design engineering professional firm(s) that it engages for the design and permitting of the Improvements to provide limited construction phase services and prepare supplemental reports and plans as may be needed during construction of the Improvements. If included in an agreement for construction of the Improvements, said provision of services shall be negotiated in good faith with the County. The following statement will be incorporated into any resulting contracts between the District and their design engineering professional firm(s):

[INSERT FIRM NAME] shall provide limited construction phase Engineer of Record services and prepare supplemental reports and plans as may be needed during construction of widening of South River Road from US41 to Winchester Boulevard and Winchester Boulevard from South River Road to the Charlotte County Line (Project). Provision of these services shall be negotiated in good faith with the District, Sarasota County or an alternative entity as defined by Sarasota County.

The District agrees to require the design engineering professional firm(s) that it engages for preparation of the Project to maintain professional liability insurance with limits of not less than $1,000,000.00 for professional services rendered in accordance with this Agreement. The District shall require the contract with each design professional to expressly name and recognize the County as an intended third-party beneficiary of the design and permitting work under the contract(s) and further to be named as an additional insured on required policies of insurance, except worker’s compensation and professional liability insurance. Additionally, the District shall require the consultant(s) to hold harmless and indemnify the County from all claims and liabilities, including attorneys’ fees, to the extend caused by the negligence, recklessness, or intentionally wrongful conduct of the design professional and other persons employed or utilized by the design professional in the performance of the consultant’s work related to the design and permitting of the Improvements.

The District’s consultant team will explore and offer opportunities to provide joint-use road, drainage, natural resources or utility infrastructure that may provide mutual benefit to the Improvements and adjacent property owners. If such opportunities are identified, the District will negotiate in good faith with the County to minimize County right of way acquisition and future construction related costs. Any resulting terms of agreement will be memorialized through a separate written agreement.

The District shall instruct the chosen design and permitting professionals to look for opportunities to design the Improvements utilizing land already owned by the District and County before looking to incorporate land held by third parties. The District agrees to provide the County title to any District owned land required for the construction of the Improvements. If deemed necessary by the County, the District will assist and cooperate with the County to obtain title insurance, at County expense, for any right-of-way, stormwater ponds, utilities land, etc. owned by the District and dedicated to the County relative to the Improvements. Additionally, the Parties shall cooperate and use their respective best efforts to negotiate an exchange of land with adjacent private landowners relative to stormwater management and to explore other efficiencies

and benefits that may be realized by combining stormwater management facilities.

The District shall maintain adequate records to justify all charges, expenses and costs incurred in the design and permitting of the Improvements. The County shall have access to such books, records, and documents at the District’s local records office in Sarasota County for the purpose of inspection during normal business hours upon reasonable notice. The District shall also provide the County with cumulative and comprehensive monthly reports on the costs incurred in the design and permitting of the Improvements. Upon completion of the design and receipt of the permit, the District shall submit a final report to the County documenting the aggregate costs incurred. The County shall review the reports and shall have thirty (30) calendar days following receipt of the final report to seek additional information or to confirm, in writing, the aggregate amount of the reasonable and necessary expenses the District incurred in the design and permitting of the Improvements (the amount shall be confirmed in writing by the County Administrator and shall constitute the “District Contribution” to the Improvements which amount the County will then match in an amount not to exceed Seven Million One Hundred Thirty-Four Thousand Eight Hundred and Seventy-Sixand 00/100 Dollars ($7,134,876.00) to be credited towards the cost of construction of the District Improvements as described below).

Construction Funding. The District shall be responsible for funding the construction cost of the District Improvements, including the apportioned Common Expenses as set forth in Section 3.C below, in any amount above the District Contribution or Seven Million One Hundred Thirty-Four Thousand Eight Hundred and Seventy-Six and 00/100 Dollars ($7,134,876.00), whichever is less. If the construction bid selected for recommended award by the County demonstrates construction costs exceeds the foregoing amounts, the County shall provide written notice to the District of the additional construction funding required for the District’s approval, which shall not be unreasonably withheld, and if approved the District shall provide the additional funding to the County within thirty (30) business days.

SECTION 3.	COUNTY OBLIGATIONS.	The County hereby agrees to the following contributions, duties and obligations:

Plans Review. The County shall provide the District with review comments within fourteen (14) calendar days of each design phase submittal.
Determination of District Contribution. Within thirty (30) calendar days of receipt of the final report on District design and permitting costs, the County shall review the final report and either request additional information or confirm the “District Contribution” as provided in Section 2.D(9) above. The County agrees to fund construction of the District Improvements as part of the overall construction of the Improvements in an amount equal to the lesser of the District Contribution or Seven Million One Hundred Thirty-Four Thousand Eight Hundred and Seventy- Six and 00/100 Dollars ($7,134,876.00).

Construction. Following completion of the design and permitting of the Improvements by the District and provided that the County has secured all necessary construction funding, in the sole and absolute authority of the County, the County will solicit construction bids from qualified contractors for construction of the Improvements in accordance with the design

plans and the requirements of applicable Federal and Florida law. The ability of the County to secure the necessary funding for construction of the Improvements shall constitute an express condition precedent to the County’s obligation to proceed with construction. Provided that condition is satisfied, the County will subsequently pursue award of a construction contract with the lowest responsive and responsible bidder. The County may phase construction of the Improvements to match available funding provided, however, that the County shall include the construction of the District Improvements in the first phase of construction activities.

The solicitation will require bidders to separately itemize the construction cost of the District Improvements and the County Improvements. In addition, the County shall apportion the costs received for mobilization, insurance, general conditions, contingency and other associated common expenses based upon the proportionate bid value of the County Improvements and the District Improvements (hereinafter referred to as the “Common Expenses”). If the resulting total lowest responsive and responsible bidder’s construction cost for the District Improvements, including the apportioned Common Expenses, is less than the District Contribution, then the County shall pay the difference to the District within thirty (30) calendar days of final completion of the construction of the Improvements.

The County agrees to use its best efforts to advertise for construction bids of the initial phase of the Improvements, including the District Improvements, within one-hundred and eighty (180) calendar days of completion of the design plans and receipt of all required permits.

If the District satisfies its obligations in Section 2 but the County does not commence construction of the initial phase of the Improvements within ten (10) years from the executed date of this Agreement, the County will pay the District the lesser of either Five Million Three Hundred Fifty- One Thousand One Hundred Fifty Seven and 00/100 Dollars ($5,351,157.00) or seventy-five percent (75%) of the District Contribution).

SECTION 4.	FORCE MAJEURE. Neither Party shall be deemed in breach or default of this Agreement to the extent it is unable to perform (for all duties and obligations other than payment of money) due to an event of Force Majeure. The Party claiming the occurrence of a Force Majeure event shall promptly notify the other Parties of such occurrence, and the likely duration and termination thereof. Force Majeure shall mean any cause not reasonably within a Party’s control, including acts of civil or military authority, including courts and regulatory agencies; government shut down; acts of God, such as natural fires, floods hurricanes, tornados, earthquakes, pandemics, or epidemics; war; riot or insurrection; blockades; embargoes; sabotage; fires; strikes; lockouts acts of public enemy; local, state, federal, national or international law, regulation, or government order; and other major catastrophic events. In the event of a delay resulting from Force Majeure, the time for performance hereunder shall be extended for a period of time reasonably necessary to overcome the effect of such forced delay.

If a Party’s performance hereunder is prevented by any cause of Force Majeure, then in that event, the Agreement may be terminated without penalty as follows:

The Party desiring to terminate the Agreement must provide written notice to the other Party setting forth with specificity the grounds for such termination.

The other Party shall have thirty (30) business days from the date of their receipt of such notice of termination to deliver a written notice of dispute as to said termination in which event the dispute resolution provisions of this Agreement shall be thereupon promptly commenced by the Parties hereto. In the event of such dispute, the Agreement shall not terminate but all activities, to the extent reasonable, under the Agreement shall be suspended pending resolution of the dispute unless otherwise agreed to by the Parties.

SECTION 5.  DISPUTE RESOLUTION PROCESS. In the event of a dispute between the District and the County under this Agreement, the District’s Chairman of its Board of Supervisors and the County Administrator or their respective designee(s) shall review such dispute and negotiate a mutually acceptable resolution. The mutual decision of the District Chairman and the County Administrator shall be final. In the event the District Chairman and the County Administrator are unable to agree, the matter shall be referred to the respective Boards who may jointly elect to hold a joint meeting to resolve the matter. This process shall substitute for the dispute resolution process set forth in an applicable section of the Florida Statutes, or law.

SECTION 6.  LIABILITY. The Parties to this Agreement shall not be deemed to assume any liability for the negligent, intentional or wrongful acts or omissions of any other Party or said other Party’s officers, employees, consultants or contractors. Nothing contained herein shall be construed as a waiver by a Party of the liability limits established in Section 768.28, Florida Statutes, other statute or common law. Further, nothing in this Agreement shall inure to the benefit of any third party for the purpose of allowing any claim which would otherwise be barred under the Doctrine of Sovereign Immunity or by operation of law.

SECTION 7.  NOTICES. Any and all written notices required or permitted to be given hereunder shall be in writing and deemed received upon hand delivery, facsimile transmission or after three (3) days if deposited in U.S. Mail and sent via certified mail, return receipt requested.

All notices to the County shall be sent to:
County Administrator	Copy to:	County Attorney	
1660 Ringling Boulevard Second Floor
Sarasota, Florida 34236		1660 Ringling Boulevard Second Floor
Sarasota, Florida 34236	
All notices to the District shall be sent to: West Villages Improvement District	
Copy to:	
District Attorney	
C/O Special District Services Attn: Todd Wodraska
2501A Burns Road
Palm Beach Gardens, FL 33410		Kutak Rock LLP
107 West College Avenue Tallahassee, FL 32301	

SECTION 8.  LEGAL FEES AND COSTS. The Parties agree to bear the expense of their respective legal fees and costs associated with the negotiation and preparation of this Agreement, as well as any actions enforcing the terms of this Agreement.

SECTION 9. AMENDMENTS. No change, modification, amendment or alteration in the terms or conditions contained herein shall be effective unless contained in a written document executed by all of the Parties hereto with the same formality as this Agreement.

SECTION 10. VENUE AND ELECTION OF REMEDIES. This Agreement shall be construed and governed by the laws of the State of Florida. Any and all legal action arising out of or necessary to enforce this Agreement shall be held in the Twelfth Judicial Circuit in and for Sarasota County. No remedy herein conferred upon any party is intended to be exclusive of any other remedy and each and every such remedy shall be cumulative and shall be in addition to every other remedy given hereunder or now or hereinafter existing at law or in equity or by statute or otherwise. No single or partial exercise by any party of any right, power or remedy hereunder shall preclude any other or further exercise thereof.

SECTION 11.  WAIVER OF JURY TRIAL.  The Parties hereby waive any rights any of them may have to a jury trial in any litigation arising out of or related to this Agreement and agree that they shall not elect a trial by jury. The Parties hereto have separately, knowingly and voluntarily given this waiver of right to trial by jury with the benefit of competent legal counsel.

SECTION 12. DISCLAIMER OF BENEFICIARIES. This Agreement is solely for the benefit of the herein specifically and formally named Parties and no right or cause of action shall accrue upon or by reason hereof to or for the benefit of any third party not a formally named party hereto. Nothing in this Agreement expressed or implied is intended or shall be construed to confer upon any person or corporation other than the formally named Parties hereto any right, remedy or claim under or by reason of this Agreement or any provisions or conditions hereof; and all of the provisions, representations, covenants and conditions herein contained shall inure to the sole benefit of and shall be binding upon the formally named Parties hereto and their respective representatives, successors and assigns.

SECTION 13. PARTIES DRAFTED EQUALLY. The Parties acknowledge that each has shared equally in the drafting and preparation of this Agreement with the advice of their respective counsel and, accordingly, no arbitrator, mediator, court or administrative hearing officer construing this Agreement shall construe it more strictly against one party than the others and every covenant, term and provision of this Agreement shall be construed simply according to its fair meaning. In the case of a dispute concerning the interpretation of any word, phrase or provision of this Agreement, the Parties are deemed to have drafted, chosen and selected the language, and the doubtful language will not be interpreted or construed against any party.

SECTION 14. SEVERABILITY. In the event any term, section, paragraph, sentence, covenant, clause or provision hereof is held invalid by a court of competent jurisdiction, such holding shall not affect the remaining portions of this Agreement and the same shall remain in full force and effect unless the invalidity is as to a material or substantive obligation of a party in which

event the Agreement may thereupon be terminated at the discretion of the adversely affected Party or Parties.

SECTION 15. ENTIRE UNDERSTANDING. This Agreement represents the entire understanding between the Parties and supersedes all other negotiations, representations or agreements, either written or oral, relating to the matters which are the subject of this Agreement.

SECTION 16.  HEADINGS. The headings and captions contained in this Agreement are for convenience of reference only and shall not limit or otherwise affect in any manner the meaning or interpretation of this Agreement.

SECTION 17. COUNTERPARTS. This Agreement may be executed in one or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.

SECTION 18.  CLERK OF COURT. A fully executed original of this Agreement shall be filed with the Clerk of the Circuit Court, in and for Sarasota County, Florida.

SECTION 19. TERM. This Agreement shall continue in full force and effect until the final completion of the construction of the Improvements, unless earlier terminated under the terms of this Agreement or by law.

SECTION 20. EFFECTIVE DATE. The Effective Date of this Agreement shall be made the date of its filing pursuant to Section 163.01(11), Florida Statutes.

SARASOTA COUNTY

Sarasota County, Florida, a political subdivision of the State of Florida, acting by and through the Board of County Commissioners, with a quorum present and voting, did approve this Agreement on the    day of 	, 2024.

ATTEST:
KAREN E. RUSHING, Clerk of the Circuit
Court and Ex-Officio Clerk of the Board	SARASOTA COUNTY, FLORIDA,
of County Commissioners of Sarasota	a political subdivision of the State of Florida County, Florida

By: 			By:	 Deputy Clerk		 Name: 	 Title: 			
Approved as to form and correctness:

		Date:	 County Attorney

WEST VILLAGES IMPROVEMENT DISTRICT

The West Villages Improvement District, an independent special district of the State of Florida, acting by and through its Board of Supervisors, with a quorum present and voting, did approve this Agreement on the    day of 	, 2024.

ATTEST:	WEST VILLAGES
IMPROVEMENT DISTRCT

By: 		By: 	
Assistant Secretary	Name: John Luczynski
Title: Chairman, Board of Supervisors

[DISTRICT SEAL]

Exhibit A
Description of the District Improvements

DEVELOPER FUNDING AGREEMENT FOR THE DEVELOPMENT OF RIVER ROAD TRANSPORTATION IMPROVEMENTS

This Developer Funding Agreement (the “Agreement”) is made and entered into this 28th day of June, 2024, by and between:

WEST VILLAGES IMPROVEMENT DISTRICT, a local unit of special- purpose government located in the City of North Port, Florida and unincorporated Sarasota County, Florida (the “District”); and

WELLEN PARK CONSTRUCTION, LLLP, a Florida limited liability limited partnership with a mailing address of 4901 Vineland Road, Suite 450 Orlando, Florida 32811 (the “Developer”).

RECITALS

WHEREAS, the District is a local unit of special-purpose government created and existing pursuant to Chapter 2004-456, Laws of Florida, as amended for the purpose of planning, financing, constructing, operating and/or maintaining certain infrastructure; and

WHEREAS, the District and Sarasota County plan to enter into that certain Interlocal Agreement for the Design, Permitting, and Construction of the River Road Regional Interstate Connector Widening Including South River Road from US41 to Winchester Boulevard and Winchester Boulevard from South River Road to the Charlotte County Line (the “Interlocal Agreement”)

WHEREAS, the Interlocal Agreement requires the District to provide for the design and permitting of the Improvements (as defined in the Interlocal Agreement), and to fund the cost of
1) the design and permitting of the Improvements (as defined in the Interlocal Agreement) and 2) the construction of the District Improvements, subject to credits from the County for the District Contribution (each as defined in the Interlocal Agreement); and

WHEREAS, the expenses related to the activities required of the District by the Interlocal Agreement shall ultimately be paid from the proceeds of bonds, impact fee reimbursements, or any other legally available funds of the District (hereinafter the “District Funding”), however the District may not currently have sufficient funds available to provide for the entirety of such costs; and

WHEREAS, the Developer accordingly desires to fund the District’s costs and expenses relative to the River Road Project in advance of the District’s ability to secure the District Funding for such purposes, and the parties accordingly desire to enter into this Agreement relative to same.

1

NOW, THEREFORE, based upon good and valuable consideration and the mutual covenants of the parties, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:

PROVISION OF FUNDS. Developer agrees to make available to the District such monies as are reasonably necessary to proceed with the River Road Project in accordance with the requirements of the Interlocal Agreement prior to its receipt of District Funding for such purposes. The Developer and the District acknowledge and agree that expenses related to the River Road Project shall first be paid from District Funding, and to the extent that a deficiency exists, the funds necessary to proceed with the River Road Project shall be provided by Developer pursuant to this Agreement.

The Developer agrees to provide to the District any such monies within fifteen (15) days of receipt of an invoice from the District requesting such funds. Such funds, and all future funds provided pursuant to this Agreement, may be supplied by check, cash, wire transfer or other form of payment deemed satisfactory in the sole discretion of the District as determined by the District Manager. The District agrees to authorize District staff, including but not limited to the District Engineer, District Manager, and District Counsel to proceed with the completion of the River Road Project.

The Developer and the District agree that all fees, costs, or other expenses incurred by the District for the services of the District’s Engineer, Counsel, Manager, or other professionals, for the work contemplated by this Agreement shall be paid solely from the funds provided by Developer pursuant to this Agreement. Such payments shall be made in accordance with the District’s normal invoice and payment procedures. The District agrees that any funds provided by Developer pursuant to this Agreement shall be used solely for fees, costs, and expenses arising from or related to the work contemplated by this Agreement.

The District agrees to provide to Developer, on a monthly basis, copies of all invoices, requisitions, or other bills for which payment is to be made from the funds provided by Developer. The District agrees to provide to Developer, monthly, a statement from the District Manager showing funds on deposit prior to payment, payments made, and funds remaining on deposit with the District.

In the event that Developer fails to provide any such funds pursuant to this Agreement, the Developer and the District agree the portion of the River Road Project for which funds are presently needed may be halted until such time as sufficient funds are provided by Developer to ensure payment of the costs, fees or expenses which may be incurred in the performance of such work.

TERMINATION. Developer and District agree that Developer may terminate this Agreement without cause by providing ten (10) days written notice of termination to the District. Any such termination by Developer is contingent upon Developer’s provision of sufficient funds to cover any and all fees, costs or expenses incurred by the District in connection with the work to be performed under this Agreement as of the date by when notice of termination
2

is received. Developer and the District agree that the District may terminate this Agreement due to a failure of Developer to provide funds in accordance with Section 1 of this Agreement, by providing ten (10) days written notice of termination to Developer; provided, however, that the Developer shall be provided a reasonable opportunity to cure any such failure.

CAPITALIZATION. The parties agree that all funds provided by Developer pursuant to this Agreement may be reimbursable from proceeds of District Funding relative to the River Road Project, and that within forty-five (45) days of receipt of the proceeds by the District obtained for such purposes, the District shall reimburse Developer in full, exclusive of interest, for these advances; provided, however, that in the event the District issues tax-exempt bonds for which it plans to repay the Developer, the District’s Bond Counsel shall first determine that any such monies are properly reimbursable from the proceeds of such bonds.

DEFAULT. A default by either party under this Agreement shall entitle the other to all remedies available at law or in equity, which may include, but not be limited to, the right of damages, injunctive relief and/or specific performance.

ENFORCEMENT OF AGREEMENT. In the event that either party is required to enforce this Agreement by court proceedings or otherwise, then the substantially prevailing party shall be entitled to recover all fees and costs incurred, including reasonable attorney’s fees, paralegal fees, expert witness fees and costs for trial, alternative dispute resolution, or appellate proceedings.

AGREEMENT. This instrument shall constitute the final and complete expression of this Agreement between the parties relating to the subject matter of this Agreement.

AMENDMENTS. Amendments to and waivers of the provisions contained in this Agreement may be made only by an instrument in writing which is executed by both of the parties hereto.

AUTHORIZATION. The execution of this Agreement has been duly authorized by the appropriate body or official of all parties hereto, each party has complied with all the requirements of law, and each party has full power and authority to comply with the terms and provisions of this instrument.
NOTICES. All notices, requests, consents, and other communications hereunder (“Notices”) shall be in writing and shall be delivered, mailed by First Class Mail, postage prepaid, or overnight delivery service, to the parties, as follows:

If to District:	West Villages Improvement District 12260 Everglow Drive, #A3 Venice, Florida 34293
Attn: District Manager

3

	With a copy to:	Kutak Rock, LLP
107 West College Avenue Tallahassee, Florida 32301 Attn: District Counsel	
B.	If to Developer:	Wellen Park Construction, LLLP 4901 Vineland Road, Suite 450
Orlando, Florida 32811 Attn: Rick Severance Attn: Nicole Swartz	

Except as otherwise provided herein, any Notice shall be deemed received only upon actual delivery at the address set forth herein. Notices delivered after 5:00 p.m. (at the place of delivery) or on a non-business day, shall be deemed received on the next business day. If any time for giving Notice contained in this Agreement would otherwise expire on a non-business day, the Notice period shall be extended to the next succeeding business day. Saturdays, Sundays, and legal holidays recognized by the United States government shall not be regarded as business days. Counsel for the parties may deliver Notice on behalf of the parties. Any party or other person to whom Notices are to be sent or copied may notify the other parties and addressees of any change in name or address to which Notices shall be sent by providing the same on five (5) days written notice to the parties and addressees set forth herein.

THIRD PARTY BENEFICIARIES. This Agreement is solely for the benefit of the parties herein and no right or cause of action shall accrue upon or by reason hereof, to or for the benefit of any third party not a party hereto. Nothing in this Agreement expressed or implied is intended or shall be construed to confer upon any person or corporation other than the parties hereto any right, remedy or claim under or by reason of this Agreement or any provisions or conditions hereof; and all of the provisions, representations, covenants, and conditions herein contained shall inure to the sole benefit of and shall be binding upon the parties hereto and their respective representatives, successors, and assigns.

ASSIGNMENT. Neither party may assign this Agreement or any monies to become due hereunder without the prior written approval of the other party.

CONTROLLING LAW; VENUE. This Agreement and the provisions contained herein shall be construed, interpreted, and controlled according to the laws of the State of Florida. Venue shall be in Sarasota County, Florida.

EFFECTIVE DATE. The Agreement shall be effective after execution by both parties hereto and shall remain in effect unless terminated by either of the parties hereto.

PUBLIC RECORDS. The Developer understands and agrees that all documents of any kind provided to the District or to District Staff in connection with the work contemplated under this Agreement are public records and are treated as such in accordance with Florida law.

4

IN WITNESS WHEREOF, the parties execute this Agreement to be effective the day and year first written above.

ATTEST:	WEST VILLAGES
IMPROVEMENT DISTRICT

Secretary / Assistant Secretary	Chairman Board of Supervisors

WITNESS:

WELLEN PARK CONSTRUCTION,
LLLP, a Florida limited liability limited partnership

Print Name: 	

By: 	
Its: 	

5

Kutak Rock LLP
107 West College Avenue, Tallahassee, FL 32301-7707
office 850.692.7300

MEMORANDUM

TO: FROM: DATE: RE:

DISTRICT MANAGERS
KUTAK ROCK LLP - TALLAHASSEE MAY 1 , 2024
RECENTLY ENACTED 2024 LEGISLATION

HB 7013—the 2024 special districts omnibus bill—has been signed by Governor DeSantis. As a result, special districts have new requirements and deadlines spelled out in statute.
Among other things the bill:
Requires all special districts to adopt goals and objectives along with performance measures and standards to determine if a district has met its goals and objectives; this must be done by October 1, 2024. We encourage District Managers to prepare standardized draft goals and objectives to be adopted by district boards. Although some district boards may wish to establish more detailed goals and objectives specifically tailored to the activities of their particular district, the majority may wish to adopt standardized goals and objectives that are germane to special districts. Kutak Rock would like to review proposed goals and objectives prior to presentation to district boards.

Each	year, an annual report must be prepared describing the goals and objectives achieved or failed to be achieved by the district, as well as the performance measures and standards used by the district to make this determination. The annual report must be posted on the district’s website by December 1. The first of these annual reports is due December 1, 2025.

Beginning with the 2024 elections, establishes a term limit of 12 years for members of a popularly elected body governing an independent special district, unless the district’s charter provides for more restrictive terms of office. The term limits do not apply to community development districts created under Chapter 190, F.S., or an independent special district created pursuant to a special act that provides that “any amendment to chapter 190 to grant additional powers constitutes a power of that district.”
Allows the Department of Commerce to declare certain independent special districts (excluding community development districts) and community redevelopment districts

inactive if they report no revenue, expenditures, or debt for five consecutive years beginning no earlier than Oct. 1, 2018.

States that independent special district boundaries shall only be changed by general law or special act. This language does not apply to a community development district established pursuant to Chapter 190, F.S.

2

FIRST AMENDMENT TO AGREEMENT FOR INFRASTRUCTURE MANAGEMENT, OPERATION, AND MAINTENANCE

This Agreement (the “Agreement”) is made and entered into this 28th day of June, 2024 (the “Effective Date”), by and between:

West Villages Improvement District, a local unit of special purpose government established pursuant to Chapter 189, Florida Statutes, whose address is 2501-A Burns Road, Palm Beach Gardens, Florida 33410 (the “District”); and

Wellen Park, LLLP, a Florida limited liability limited partnership, whose address is 4901 Vineland Road, Suite 450, Orlando, Florida 32811 (the “Developer,” and together with the District, the “Parties”).

RECITALS

Whereas, 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”) for the purpose of planning, financing, constructing, operating and/or maintaining certain infrastructure and providing certain public services; and

Whereas, the District and the Developer previously entered into that certain Agreement for Infrastructure Management, Operation, and Maintenance Services, dated December 15, 2022 (the “Agreement”) relative to the Developer’s obligation to manage, operate and maintain certain District Property; and

Whereas, Section 12 of the Agreement provides that the Parties may amend the Agreement when such amendment is in writing and authorized by both Parties; and

Whereas, the Parties now desire to amend the Agreement to revise the scope of the District Property as set forth in more detail below.

Now, Therefore, based upon good and valuable consideration and the mutual covenants of the Parties, the receipt and sufficiency of which are hereby acknowledged, the District and the Developer agree as follows:

Section 1. Incorporation of Recitals. The recitals stated above are true and correct and are incorporated as a material part of this First Amendment.

Section 2.	Amendment of Agreement.

The definition of “Real Property” in the Agreement is hereby amended to include only Tracts 7 and 300 as shown on that certain Wellen Park Downtown Phase 1 plat, recorded at Plat Book 54, Page 331 in the Official Records of Sarasota County, Florida.

The definition of “District Property” in the Agreement is hereby amended to reflect the

1

removal of i) Sunglow Boulevard, ii) Wellen Park Boulevard, Springtide Way and Market Way north of Sunglow Boulevard, and iii) the stormwater management pond adjacent to the Wellen Park Welcome Center from the scope of such definition. Exhibit A of the Agreement is accordingly hereby superseded and replaced by the attached Exhibit A.

Section 3.  Affirmation of the Agreement. The Agreement is hereby affirmed and continues to constitute a valid and binding agreement between the Parties. Except as described in Section 2 of this First Amendment, nothing herein shall modify the rights and obligations of the Parties under the Agreement. All of the remaining provisions of the Agreement remain in full effect and fully enforceable.

Section 4. Authorization. The execution of this First Amendment has been duly authorized by the appropriate body or official of the Parties, both Parties have complied with all the requirements of law, and both the Parties have full power and authority to comply with the terms and provisions of this First Amendment.

Section 5.  Execution In Counterparts. This First Amendment may be executed in any number of counterparts, each of which when executed and delivered shall be an original; however, all such counterparts together shall constitute, but one and the same instrument.

In Witness Whereof, the Parties hereto have signed this First Amendment on the day and year first written above.

Attest:	WEST VILLAGES IMPROVEMENT DISTRICT

Secretary / Assistant Secretary	Chairman, Board of Supervisors

Witness:	WELLEN PARK, LLLP

By:	 Its: 	

Exhibit A:	Revised Description of the District Property

2

EXHIBIT A

DESCRIPTION OF THE DISTRICT PROPERTY

The portion of Wellen Park Boulevard located south of Sunglow Boulevard, the portion of Market Way located south of Sunglow Boulevard, and the portion of Springtide Way located south of Sunglow Boulevard,1 including but not limited to asphalt, curb and gutter, inlets, drainage pipes, and associated signage, sidewalks, and streetlights;

Stormwater management ponds and associated stormwater management/drainage improvements;
Landscaping improvements;
Hardscaping improvements (including but not limited to seawall, monuments, pier and shade structure/pavilion improvements);
All irrigation improvements located on the tracts listed above, with the exception of the irrigation pumps/pump station, the management, operation, and maintenance of which shall remain the responsibility of the District; and
Multi-modal walking trail improvements located on the tracts listed above.

1 Note: Excludes the portion of Sunglow Boulevard that is located outside of the Development (i.e. from Radiant Way west to Preto Boulevard).
Note: The AGMOD irrigation allocation relative to such roadways, for which the Developer shall be responsible for paying on the District’s behalf in accordance with the Agreement, is 	GPD.

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WELLEN PARK DOWNTOWN
June2024
LEGEND RIGHT-OF-WAY PAVEMENT LIMITS CURB LIMITS SIDEWALK
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150'
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300'
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150'

Page 106

Change Order No.		10	

Date of Issuance:	Effective Date:
Owner:	West Villages Improvement District	Owner's Contract No.:	N/A Contractor: The deMoya Group, Inc.	  N/A
Engineer:	Dewberry Engineers, Inc.	Engineer's Project No.:	N/A

Project:	Wellen Park Blvd. Roundabout & US 41/SR 45 Improvements Project

Contract Name:	N/A

The Contract is modified as follows upon execution of this Change Order: Description: Updated Quantity for MES, Detectable Warnings.
Attachments: de Moya Group Request for Change Order #10.

CHANGE IN CONTRACT PRICE

Original Contract Price:
$9,305,602.04		CHANGE IN CONTRACT TIMES
[note changes in Milestones if applicable]
Original Contract Times:
Substantial Completion: 540 days Ready for Final Payment:  570 days
days or dates	
[Increase] [Decrease] from previously approved Change Orders No.  9 to No.  10 :
$16,500.00	[Increase] [Decrease] from previously approved Change Orders No.  9 to No. 10  :
Substantial Completion:  0 days	 Ready for Final Payment: 0 days	
days	
		
Contract Price prior to this Change Order:

$10,863,034.83	Contract Times prior to this Change Order:
Substantial Completion:  714 days	 Ready for Final Payment:  744 days	
days or dates	
		
[Increase] [Decrease] of this Change Order (circle one):
$37,800.00	[Increase] [Decrease] of this Change Order:
Substantial Completion:  0 days	 Ready for Final Payment:  0 days	

days or dates	
		
Contract Price incorporating this Change Order:
$10,900,834.83	Contract Times with all approved Change Orders: Substantial Completion:  714 days	 Ready for Final Payment:  744 days	
days or dates	
		
RECOMMENDED:	RECOMMENDED:	ACCEPTED:

or

ntra

Construction Manager

By:		 By:	By:

Engineer
Title:		 Title:	Title:

Co	ct

Date:		 Date:	Date: 	

APPROVED BY OWNER:
By: 		 Title:   Chairman, Board of Supervisors	 Date: 	 
EJCDC® C-941, Change Order.
Prepared and published 2013 by the Engineers Joint Contract Documents Committee.
Page 1 of 1

Page 107

The de Moya Group, Inc. 14600 SW 136th Street Miami, FL 33186

RCO Date: 6/20/2024
RCO #: 10
Project Name: WELLEN PARK VILLAGE D ROUNDABOUT
Reason/Description: 1) Owner Request to add color to the Roundabout Apron Pavement

Request for Change Order

Pay Item#	Description	Quantity	UOM	Unit Price	Total	
	VILLAGE D MISCELLANOUS ITEMS				$	-	

0350-30-13	CONCRETE PAVEMENT FOR ROUNDABOUT APRON, 12" DEPTH-
ADDED COLOR IN ADDITION TO ORIGINAL PRICE	
280	SY	$	135.00	$	37,800.00	

$	37,800.00

These changes will Add (0) Days to the Construction Schedule

Qualifications/Exclusions:

Proposal valid for 30 days
Price in addition to orginal contract pay item price 3

We agree to the work of this RCO proposal and this work is hereby incorporated into the
scope of work of the contract and The de Moya Group can proceed with this work accordingly. Further, we agree that The de Moya Group will be paid for this work in the pay period the work is performed and there is no further approvals necessary which may delay payment. For all intents
and purposes and upon signature below, this document is a change order to the contract.

Agreed to:

BY:

NET CHANGE:

Title:	Date:		

WIDEIKIS, BENEDICT & BERNTSSON, LLC THE BIG W LAW FIRM
ATTORNEYS AT LAW

JOHN L. WIDEIKIS ROBERT C. BENEDICT ROBERT H. BERNTSSON*^

3195 S. ACCESS ROAD ENGLEWOOD, FLORIDA 34224 PHONE:(941)627-1000
Reply to this office location
EMAIL: rberntsson@BigWLaw.com

May 14, 2024

PORT CHARLOTTE, FLORIDA NORTH PORT, FLORIDA
BY APPOINTMENT ONLY

333 PARK AVENUE, UNIT 2A
P.O. BOX 483
BOCA GRANDE, FLORIDA 33921
PHONE941)964-1223

*Certified by the Florida Bar in City, County and Local Government Law 2000-2021;
^Also admitted to New York Bar

Via electronic mail Lindsay Whelan Kutak Rock LLP
107 West College Avenue Tallahassee, FL 32301
Re: Your letter of May 14, 2024 Dear Ms. Whelan:
The Englewood Water District (EWD) is in receipt of the letter referenced above. This letter will confirm that Mr. Burroughs was authorized by EWD to send the notice to WVID in his role as District Administrator of EWD.
EWD looks forward to entering into a new agreement with your clients to address their reuse needs.

Very truly yours,
Robert H. Berntsson
Robert H. Berntsson

CC: EWD