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Backup Documents 11/14/2017 Item # 9B FGUA Acquisition Notice 11/14/17 ` ; COLLIER COUNTY FLORIDA ,i ` a vr, REQUEST FOR LEGAL ADVERTISING OF PUBLIC HEARINGS To: Clerk to the Board: Please place the following as a: �)1 `\ XXX Normal legal Advertisement 0 Other: (Display Adv.,location,etc.) Originating Dept/Div Public Utilities Person: George Yilmaz,Director Date: October 25,2017 Petition No.(If none,give brief description): Notice of Public Hearing on Acquisition of Golden Gate Utility from FGUA Name&Address of any person(s)to be notified by Clerk's Office:(If more space is needed,attach separate sheet) See Above Hearing before BCC BZA Other Requested Hearing date:(Based on advertisement appearing 10+days before hearing.) November 14, 2017(ad to run no later than WEDNESDAY,November 1,2017) Newspaper(s)to be used: (Complete only if important): XXX Naples Daily News ❑ Other XXX Legally Required Proposed Text: (Include legal description&common location&Size: SEE ATTACHED. Companion petition(s), if any&proposed hearing date: N/A Does Petition Fee include advertising cost?❑Yes XXX No If Yes,what account should be charged for advertising costs: PO#4500181278 r I 1 Reviewed by: J ! `7 66 y ,oks- Divition A mmistrator or Designee Date Attachments:/ttachments: NOTICE OF PUBLIC HEARING TEXT DISTRIBUTION INSTRUCTIONS A. For hearings before BCC or BZA: Initiating person to complete one copy and obtain Division Head approval before submitting to County Manager. Note: If legal document is involved,be sure that any necessary legal review,or request for same,is submitted to County Attorney before submitting to County Manager. The Manager's office will distribute copies: Requesting Division 0 Original ❑ County Manager agenda file: to Clerk's Office B. Other hearings: Initiating Division head to approve and submit original to Clerk's Office,retaining a copy for file. FOR CLERK'S OFFICE USE ONLY: Date Received: JD f 0 Sla -Date of Public hearing: I t Date Advertised: I t [ I t 11- 9- B Teresa L. Cannon From: BelloneJoseph <josephbellone@colliergov.net> Sent: Wednesday, October 25, 2017 10:50 AM To: Teresa L. Cannon Cc: Neet,Virginia; Teach, Scott; Brian P.Armstrong (brian@brianarmstronglaw.com); BustosHeather Subject: RE: Quote Only - Golden Gate Notice Attachments: Requet for Legal Ad_FGUA acquisition.pdf; Collier County GG Acqn NDN Notice.docx Attached is the signed request for legal advertising, along with the legal ad, to be run in the NDN on Wednesday, November 1 in advance of the BCC meeting for this agenda item on 11/14/17. Please call with any questions, and thanks everyone for your help with this. Joe Bellone Director, Financial Operations Support Division Co County Collier County Public Utilities 3339 Tamiami Trail E., Suite 302 Naples, FL 34112 (239) 252-2351 - office (239) 285-8193 - cell josephbellone@colliergov.net From:Teresa L. Cannon [mailto:Teresa.Cannon@collierclerk.com] Sent:Tuesday, October 24, 2017 4:50 PM To: BelloneJoseph <josephbellone@colliergov.net> Subject: RE: Quote Only-Golden Gate Notice Joe, Just a reminder....normally BCC Ads run on Wednesdays. I would need it by Thursday,4pm to meet NDN deadline. If you want it to run Monday, I would need it by tomorrow. When you know when you'd like it to run, I can let you know when I need it by in order to prepare it on my end. Any questions please call.Thanks From: BelloneJoseph [mailto:josephbellone@colliergov.net] Sent:Tuesday, October 24, 2017 3:33 PM To: Neet,Virginia <VirginiaNeet@colliergov.net> Cc:Teresa L. Cannon<Teresa.Cannon@collierclerk.com> Subject: RE: Quote Only-Golden Gate Notice thanks 1 BelloneJoseph From: YilmazGeorge Sent: Monday, May 15, 2017 1:54 PM To: BustosHeather Cc: BelloneJoseph Subject: Re: Signature Authority YES-Joe has on site signature Authority till 12-23-17... On May 15,2017,at 1:06 PM, BustosHeather<HeatherBustos@colliergov.net>wrote: Good afternoon George, Do you approve of Signature Authority for Joe? Respectfully, <image001.gif> . eatdter Bustos Operations Analyst Collier County Public 'UtiCities 3339 Tamiami TraiCEast, Bldg 3.11 Naples, FL 34112 Phone I Office (239) 252-2540 I Cell(239) 450-3977 we&gte'/ ntapI email Under Florida Law, e-mail addresses are public records. If you do not want your e-mail address released in response to a public records request, do not send electronic mail to this entity. Instead, contact this office by telephone or in writing. 1 9B Teresa L. Cannon From: NDN-Legals <legals@naplesnews.com> Sent: Tuesday,August 01, 2017 2:14 PM To: Teresa L. Cannon Subject: FW: Quote Only - Golden Gate Notice Attachments: Draft 1_Collier County FGUA Golden Gate Notice.docx A 1/2 page vertical is$1890.00 Thank you, Karol Kangas for Mereida Cardenas Legal AdvertisingSpecialist `�t+wI •IATWTOQDAY RK legalsNaplesNews.com NaplesNews.com From:Teresa L. Cannon [mailto:Teresa.Cannon@collierclerk.com] Sent:Tuesday,August 01, 2017 2:09 PM To: NDN-Legals Subject:Quote Only-Golden Gate Notice Legals, Can I get an estimate on a display Ad that needs to be Y2 page. Attached is the text.Thank you Teresa Cannon, BMR Senior Clerk Minutes & Records Department 239-252-8411 239-252-8408 fax Teresa.Cannon@collierclerk.com Please visit us on the web at https://protect-us.mimecast.com/s/Zp84Bxuw179Ksn?domain=collierclerk.com This electronic communication is confidential and may contain privileged information intended solely for the named addressee(s). It may not be used or disclosed except for the purpose for which it has been sent. If you are not the intended recipient,you must not copy,distribute or take any action induced by or in reliance on information contained in this message. Unless expressly stated,opinions in this message are those of the individual sender and not of the Office of the Clerk of the Circuit Court of Collier County. If you have received this communication in error, please notify the Clerk's Office by emailing helpdesk@collierclerk.com quoting the sender and delete the message and any attached documents.The Collier County Clerk's Office accepts no liability or responsibility for any onward transmission or use of emails and attachments having left the CollierClerk.com domain. Under Florida Law,e-mail addresses are public records. If you do not want your e-mail address released in response to a public records request,do not send electronic mail to this entity. Instead,contact this office by telephone or in writing. 1 9 8 NOTICE OF PUBLIC HEARING TO DETERMINE WHETHER THE ACQUISITION OF THE ASSETS OF THE FLORIDA GOVERNMENTAL UTILITY AUTHORITY SERVING THE GOLDEN GATE COMMUNITY LOCATED IN COLLIER COUNTY, FLORIDA, BY THE COLLIER COUNTY WATER-SEWER DISTRICT,AND IMPLEMENTATION OF COUNTY RATES IS IN THE PUBLIC INTEREST;TO ESTABLISH RATES AND CHARGES AND MODIFY THE SERVICE AREA OF THE COLLIER COUNTY WATER-SEWER DISTRICT. The Board of County Commissioners of Collier County, Florida, as the governing body of Collier County and Ex-Officio the governing board of the Collier County Water-Sewer District and the Collier County Water and Sewer Regulatory Authority announces a public hearing to which all interested persons are invited. Such public hearing will be held to determine whether the acquisition by the Collier County Water-Sewer District of the water and wastewater assets currently owned by the Florida Governmental Utility Authority serving the Golden Gate Community("Golden Gate System") located in Collier County, Florida, and the implementation of County water and wastewater rates and charges is in the public interest. The Board also will consider modification of the service area of the District to include the area known as Golden Gate currently served by the Florida Governmental Utility Authority. The public hearing will be on November 14, 2017 at the Board of County Commissioners Chambers at the Collier County Government Center, 3299 Tamiami Trail East, 3rd Floor, Naples, Florida 34112. The meeting will commence at 9:00 A.M. The rates and charges which will be effective for services provided on the date the County acquires ownership of the Golden Gate System are as follows: Water Service Effective Date Residential,Multi-family and Commercial 10/1/2017 Monthly Base Charge FGUA CCWSD 5/8" $27.48 $21.80 3/4" 41.23 21.80 1" 68.72 48.13 1-1/4" 1-1/2" 137.41 91.76 2" 219.87 144.04 3" 439.76 266.26 4" 687.13 440.78 6" 1,374.26 877.07 8" 2,198.81 1,400.60 10" 2,534.90 12" 3,423.75 Water Service Effective Date Residential 10/1/2017 Volume Charge (per 1,000 gallons) FGUA CCWSD 3/4" Block 1: 0- 6,000 $6.21 3/4" Block 2: 7,000- 10,000 6.82 3/4" Block 3: 11,000- 20,000 7.76 3/4" Block 4: 21,000 and above 9.69 3/4" Block 1: 0- 5,000 $2.99 3/4" Block 2: 6,000- 10,000 4.51 3/4" Block 3: 11,000- 20,000 5.99 3/4" Block 4: 21,000- 30,000 7.48 3/4" Block 5: 31,000- 50,000 8.97 3/4" Block 6: 51,000 and above 11.96 Water Service Effective Date Multi-Family and Commercial 10/1/2017 Volume Charge (per 1,000 gallons) FGUA CCWSD All consumption $6.49 per residential Wastewater Service Effective Date Residential, Multi-familyand Commercial 10/1/2017 Monthly Base Charge FGUA CCWSD 5/8" $35.85 $33.31 3/4" 53.77 33.31 1" 89.61 75.74 / 1-1 "4 „ ; - 97.10 1-1/2" 179.21 146.55 2" 286.73 231.57 3" 537.63 429.82 4" 896.07 712.76 6" 1,792.12 1,420.43 8" 2,867.40 2,269.92 10" 4,069.67 12" 6,031.93 Wastewater Service Effective Date Residential 10/1/2016 Volume Charge (per 1,000 gallons) FGUA CCWSD 3/4" Block 1: 0- 6,000 $7.16 3/4" Block 1: 0- 15,000 $4.69 Wastewater Service Effective Date Multi-Familyand Commercial 10/1/2016 Volume Charge (per 1,000 gallons) FGUA CCWSD All consumption $8.59 $4.69 9 All remaining rates and charges authorized by Collier County Ordinance No. 2001-73 and Resolution Number 2017-168, as amended, also shall be applied by the Collier County Water-Sewer District upon assuming ownership of the Golden Gate System from the Florida Governmental Utility Authority. All residents of the County including customers of the Florida Governmental Utility Authority and the Collier County Water-Sewer District, affected property owners, tenants or occupants, and all other interested persons, shall have an opportunity to be heard. All such persons shall also be entitled to file written comments with the County. If a person decides to appeal any decision made by the County with respect to any matter considered at the hearing, such person will need a record of the proceedings and may need to ensure that a verbatim record is made, including the testimony and evidence upon which the appeal is to be made. In accordance with the Americans with Disabilities Act, persons needing special accommodations or an interpreter to participate in this proceeding should contact the Collier County Facilities Management Division located at 3335 East Tamiami Trail, Suite 1, Naples, Florida 34112-5356 at least three business days prior to the date of the meeting. If you have any questions, please contact the Facilities Management Division Director at (239) 252-8380. B Teresa L. Cannon To: BelloneJoseph Subject: RE: Quote Only - Golden Gate Notice Thank you, I will forward the proof for your approval as soon as I receive it. From: BelloneJoseph [mailto:josephbellone@colliergov.net] Sent: Wednesday, October 25, 2017 10:50 AM To:Teresa L. Cannon<Teresa.Cannon@collierclerk.com> Cc: Neet,Virginia <VirginiaNeet@colliergov.net>;Teach, Scott<ScottTeach@colliergov.net>; Brian P. Armstrong (brian@brianarmstronglaw.com) <brian@brianarmstronglaw.com>; BustosHeather<HeatherBustos@colliergov.net> Subject: RE: Quote Only-Golden Gate Notice Attached is the signed request for legal advertising, along with the legal ad,to be run in the NDN on Wednesday, November 1 in advance of the BCC meeting for this agenda item on 11/14/17. Please call with any questions, and thanks everyone for your help with this. Joe Bellone Director, Financial Operations Support Division C r County Collier County Public Utilities 3339 Tamiami Trail E., Suite 302 Naples, FL 34112 (239) 252-2351 - office (239) 285-8193 - cell josephbellone@colliergov.net From:Teresa L. Cannon [mailto:Teresa.CannontWcollierclerk.com] Sent:Tuesday, October 24, 2017 4:50 PM To: BelloneJoseph <josephbellone@colliergov.net> Subject: RE: Quote Only-Golden Gate Notice Joe, Just a reminder....normally BCC Ads run on Wednesdays. I would need it by Thursday,4pm to meet NDN deadline. If you want it to run Monday, I would need it by tomorrow. When you know when you'd like it to run, I can let you know when I need it by in order to prepare it on my end. Any questions please call.Thanks From: BelloneJoseph [mailto:josephbellone@colliergov.net] Sent:Tuesday, October 24, 2017 3:33 PM To: Neet,Virginia <VirginiaNeet@colliergov.net> Cc:Teresa L. Cannon <Teresa.Cannon@collierclerk.com> Subject: RE: Quote Only-Golden Gate Notice 1 9 13 Teresa L. Cannon From: NeetVirginia <VirginiaNeet@colliergov.net> Sent: Wednesday, October 25, 2017 11:39 AM To: Minutes and Records; Teresa L. Cannon Cc: Bellone,Joseph Subject: FW: Quote Only- Golden Gate Notice Teresa: See below. Dinny From:TeachScott Sent:Wednesday, October 25, 2017 11:37 AM To: NeetVirginia<VirginiaNeet@colliergov.net> Subject: RE: Quote Only-Golden Gate Notice Dinny, I'm good with the ad but would prefer it be fully justified. Thanks. Scott R. Teach Deputy County Attorney Collier County, Florida Tel: (239) 252-8400 Fax: (239) 252-6300 Office of the County Attorney, 3299 East Tamiami Trail, Suite 800, Naples, FL 34112 From: NeetVirginia Sent:Wednesday, October 25, 2017 9:58 AM To:TeachScott<ScottTeach@colliergov.net> Subject: FW: Quote Only-Golden Gate Notice Scott: Have you reviewed and approved this ad?? Dinny Virginia A. Neet, FRP Office of the Collier County Attorney Telephone (239)252-8066 - Fax(239) 252-6600 1 98 Acct. #059405 October 25, 2017 Attn: Legals Naples Media Group 1100 Immokalee Road Naples, Florida 34110 Re: Notice of Acquisition of Golden Gate Utility from FGUA Dear Legals, Please advertise the above referenced notice Wednesday, November 1, 2017 and send the Affidavit of Publication, together with charges involved to this office. Thank you. Sincerely, Teresa Cannon, Deputy Clerk P.O. #4500181278 9 8 NOTICE OF PUBLIC HEARING TO DETERMINE WHETHER THE ACQUISITION OF THE ASSETS OF THE FLORIDA GOVERNMENTAL UTILITY AUTHORITY SERVING THE GOLDEN GATE COMMUNITY LOCATED IN COLLIER COUNTY, FLORIDA, BY THE COLLIER COUNTY WATER-SEWER DISTRICT, AND IMPLEMENTATION OF COUNTY RATES IS IN THE PUBLIC INTEREST; TO ESTABLISH RATES AND CHARGES AND MODIFY THE SERVICE AREA OF THE COLLIER COUNTY WATER-SEWER DISTRICT. The Board of County Commissioners of Collier County, Florida, as the governing body of Collier County and Ex-Officio the governing board of the Collier County Water-Sewer District and the Collier County Water and Sewer Regulatory Authority announces a public hearing to which all interested persons are invited. Such public hearing will be held to determine whether the acquisition by the Collier County Water-Sewer District of the water and wastewater assets currently owned by the Florida Governmental Utility Authority serving the Golden Gate Community ("Golden Gate System") located in Collier County, Florida, and the implementation of County water and wastewater rates and charges is in the public interest. The Board also will consider modification of the service area of the District to include the area known as Golden Gate currently served by the Florida Governmental Utility Authority. The public hearing will be on November 14, 2017 at the Board of County Commissioners Chambers at the Collier County Government Center, 3299 Tamiami Trail East, 3rd Floor, Naples, Florida 34112. The meeting will commence at 9:00 A.M. The rates and charges which will be effective for services provided on the date the County acquires ownership of the Golden Gate System are as follows: Water Service Effective Date Residential,Multi-family and Commercial 10/1/2017 Monthly Base Charge FGUA CCWSD 5/8" $27.48 $21.80 3/4" 41.23 21.80 1" 68.72 48.13 1-1/4" 60.95 1-1/2" 137.41 91.76 2" 219.87 144.04 3" 439.76 266.26 4" 687.13 440.78 6" 1,374.26 877.07 8" 2,198.81 1,400.60 10" 2,534.90 12" 3,423.75 B Water Service Effective Date Residential 10/1/2017 Volume Charge (per 1,000 gallons) FGUA CCWSD 3/4" Block 1: 0- 6,000 $6.21 3/4" Block 2: 7,000- 10,000 6.82 3/4" Block 3: 11,000- 20,000 7.76 3/4" Block 4: 21,000 and above 9.69 3/4" Block 1: 0- 5,000 $2.99 3/4" Block 2: 6,000- 10,000 4.51 3/4" Block 3: 11,000- 20,000 5.99 3/4" Block 4: 21,000- 30,000 7.48 3/4" Block 5: 31,000- 50,000 8.97 3/4" Block 6: 51,000 and above 11.96 Water Service Effective Date Multi-Family and Commercial 10/1/2017 Volume Charge (per 1,000 gallons) FGUA CCWSD All consumption $6.49 per residential Wastewater Service Effective Date Residential, Multi-familyand Commercial 10/1/2017 Monthly Base Charge FGUA CCWSD 5/8" $35.85 $33.31 3/4" 53.77 33.31 1" 89.61 75.74 1-1/4" 97.10 1-1/2" 179.21 146.55 2" 286.73 231.57 3" 537.63 429.82 4" 896.07 712.76 6" 1,792.12 1,420.43 8" 2,867.40 2,269.92 10" 4,069.67 12" 6,031.93 Wastewater Service Effective Date Residential 10/1/2016 Volume Charge (per 1,000 gallons) FGUA CCWSD 3/4" Block 1: 0- 6,000 $7.16 v- 3/4" Block 1: 0- 15,000 $4.69 Wastewater Service Effective Date Multi-Family and Commercial 10/1/2016 Volume Charge (per 1,000 gallons) FGUA CCWSD All consumption $8.59 $4.69 8 9 All remaining rates and charges authorized by Collier County Ordinance No. 2001-73 and Resolution Number 2017-168, as amended, also shall be applied by the Collier County Water-Sewer District upon assuming ownership of the Golden Gate System from the Florida Governmental Utility Authority. All residents of the County including customers of the Florida Governmental Utility Authority and the Collier County Water-Sewer District, affected property owners, tenants or occupants, and all other interested persons, shall have an opportunity to be heard. All such persons shall also be entitled to file written comments with the County. If a person decides to appeal any decision made by the County with respect to any matter considered at the hearing, such person will need a record of the proceedings and may need to ensure that a verbatim record is made, including the testimony and evidence upon which the appeal is to be made. In accordance with the Americans with Disabilities Act, persons needing special accommodations or an interpreter to participate in this proceeding should contact the Collier County Facilities Management Division located at 3335 East Tamiami Trail, Suite 1, Naples, Florida 34112-5356 at least three business days prior to the date of the meeting. If you have any questions, please contact the Facilities Management Division Director at (239) 252-8380. BOARD OF COUNTY COMMISSIONERS AS THE EX-OFFICIO GOVERNING BOARD OF COLLIER COUNTY WATER-SEWER DISTRICT COLLIER COUNTY, FLORIDA PENNY TAYLOR, CHAIRMAN DWIGHT E. BROCK, CLERK By: Teresa Cannon Deputy Clerk (SEAL) 9 8 Teresa L. Cannon From: Teresa L. Cannon Sent: Wednesday, October 25, 2017 11:56 AM To: Naples Daily News Legals Subject: FGUA Acquisition Notice Attachments: FGUA Acquisition Notice (BCC 11-14-17).doc; FGUA Acquisition Notice (BCC 11-14-17).doc Lega Is, Please advertise the attached Notice on Wednesday, November 1, 2017. Thank you Teresa Cannon, BMR Senior Clerk Minutes & Records Department 239-252-8411 239-252-8408 fax Teresa.Cannon@collierclerk.com 1 9 Teresa L. Cannon From: NDN-Legals <legals@naplesnews.com> Sent: Wednesday, October 25, 2017 2:58 PM To: Teresa L. Cannon Subject: RE: FGUA Acquisition Notice Received Thank you, Mereida Cardenas Legal Advertising Specialist Naples Daily News PART OF THE USA TODAY NETWORK Office: 239.213.6061 Mereida.Cardenas@naplesnews.com naplesnews.com From:Teresa L. Cannon [mailto:Teresa.Cannon@collierclerk.com] Sent:Wednesday, October 25, 2017 11:56 AM To: NDN-Legals Subject: FGUA Acquisition Notice Lega Is, Please advertise the attached Notice on Wednesday,November 1,2017.Thank you Teresa Cannon, BMR Senior Clerk Minutes & Records Department 239-252-8411 239-252-8408 fax Teresa.Cannon@collierclerk.com Please visit us on the web at https://protect-us.mimecast.com/s/bAp9BmIYGY8zt2?domain=collierclerk.com This electronic communication is confidential and may contain privileged information intended solely for the named addressee(s). It may not be used or disclosed except for the purpose for which it has been sent. If you are not the intended recipient,you must not copy,distribute or take any action induced by or in reliance on information contained in this message. Unless expressly stated,opinions in this message are those of the individual sender and not of the Office of the Clerk of the Circuit Court of Collier County. If you have received this communication in error, please notify the Clerk's Office by emailing helpdesk@icollierclerk.com quoting the sender and delete the message and any attached documents.The Collier County Clerk's Office accepts no liability or responsibility for any onward transmission or use of emails and attachments having left the CollierClerk.com domain. Under Florida Law,e-mail addresses are public records. If you do not want your e-mail address released in response to a public records request,do not send electronic mail to this entity. Instead,contact this office by telephone or in writing. 1 Teresa L. Cannon From: Cardenas, Mereida <Mereida.Cardenas@naplesnews.com> Sent: Wednesday, October 25, 2017 4:28 PM To: Teresa L. Cannon Subject: FW: PROOF! NDN Display legal ad#1803297 Run Date: 11/1 Size: 1/2 page FW: FGUA Acquisition Notice Attachments: ND-1803297.pdf For your approval Thank you, Mereida Cardenas Legal Advertising Specialist • Naples Daily News PART OF THE USA TODAY NETWORK Office:239.213.6061 Mereida.Cardenas@naplesnews.com naplesnews.com From: Matthews, Victoria Sent:Wednesday, October 25, 2017 4:26 PM To: Cardenas, Mereida Subject: PROOF! NDN Display legal ad#1803297 Run Date: 11/1 Size: 1/2 page FW: FGUA Acquisition Notice Proof attached.Thanks! Victoria Matthews Sales Coordinator Naijks Battu a Isdi USA e oSt4 The media Office: 239.263.4747 Victoria.Matthewsa.NaplesNews.com NaplesNews.com From: NDN-Legals Sent:Wednesday, October 25, 2017 3:13 PM To: Matthews, Victoria <Victoria.Matthews@naplesnews.com> Subject: NDN Display legal ad#1803297 Run Date: 11/1 Size: 1/2 page FW: FGUA Acquisition Notice Hi Victoria; here is a new NDN Display legal ad#1803297 Run Date: 11/1 Size: 1/2 page Thank you, Mereida Cardenas Legal Advertising Specialist Naples Daily News 1 NOTICE OFPUBLIC HEARING ACQUISITION DETERMINE WHETHER THE ACQUISITION OF THE ASSETS OF THE FLORIDA GOVERNMENTAL UTILITY AUTHORITY SERVING THE GOLDEN GATE COMMUNITY LOCATED IN COLLIER COUNTY FLORIDA,BY THE COLLIER COUNTY WATER-SEWER DISTRICT,AND IMPLEMENTATION OF COUNTY RATES IS IN THE PUBLIC INTEREST; TO ESTABLISH RATES AND CHARGES AND MODIFY THE SERVICE AREA OF THE COLLIER COUNTY WATER-SEWER DISTRICT. The Board of County Commissioners of Collier County,Florida,as the governing body of Collier County and Ex-Officio the governing board of the Copier County Water-Sewer District and the Collier County Water and Sewer Regulatory Authority announces a public hearing to which all interested persons are invited. Such public hearing will be held to determine whether the acquisition by the Collier County Water-Sewer District of the water and wastewater assets currently owned by the Florida Govemmental Utility Authority serving the Golden Gate Community("Golden Gate System")located in Collier County,Florida,and the implementation of County water and wastewater rates and charges is in the public interest.The Board also will consider modification of the service area of the District to inclode the area known as Golden Gate currently served by the Florida Governmental Utility Authority.The public hearing will be on November 14,2017 at the Board of County Commissioners Chambers at the Collier County Government Center,3289 Tamiami Trail East,3rd Floor,Naples,Florida 34112. The meeting will commence at 9:00 A.M. The rates and charges which will be effective for services provided on the date the County acquires ownership of the Golden Gate System are as follows: Water Service Effective Date Residential,Multi-family and Commercial 10/1/2017 Monthly Base Charee FGUA CCWSD 5/8" $27.48 821.80 3/4" 41.23 21.80 1" 66.72 48.13 1-1/4" 60.95 1-1/2" 137.41 91.76 2" 219.87 144.04 3" 439.76 266.26 687.13 440.78 5" 1,374.20 877.07 8" 2,198.81 1,400.60 10" _ �- 2934.90 12" Kvia 3,423.75 Water Service Effective Date Residential 10/1/2017 Volume Chase leer 1.000 gallons) FGUA CCWSD 3/4"Block 1:0-6,000 $6.21 _^ 3/4"Block 2:7,000-10,000 6.02 3/4"Block 3:11,000-20,000 7,76 3/4"Block 4:21,000 and above 9.89 3/4"Block 1:0-5,000 $2,99 3/4"Block 2:6,000-10,000 4.51 3/4"Block 3 11,000-20,000 5.99 3/4"Block 4:21,000-30,000 a 7.48 3/4"Block 5:31,000-50,000 8.97 3/4"Block 6:51,000 and above 11,96 Water Service Effective Date Multi-Family and Commercial 10/1/2017 Volume Chase leer 1.000 gallons) FGUA CCWSD A3 consumption $6.49 per residential Wastewater Service Effective Date Residential,Multi-family and Commercial 10/1/2017 Monthly Base Charge FGUA CCWSD 5/8" $35.85 $33.31 3/4" 53.77 33.31 89.61 75.74 1-1/4" 97.10 1-1/2" 179.21 146.55 2" 286.73 231.57 3" 537.63 429.82 4" 896.07 712.76 6" 1,792.12 1,420.43 8" 2,867.40 2,269.92 10" 12" 1 6,031.93 Wastewater Service Effective Date Residential 10/1/2017 Volume Charge leer 1 000 aaNgnsl FGUA TTWSD 3/4"Block 1:0-6,000 $7.16 t 3/4"Block 1:0-15,000 1 I $4.69 Wastewater Service Effective Date Multi-Family and Commercial 10/1/2017 Volume Charge(per 1 000 aallonsl FGUA S0WSD All consumption $8.59 $4.69 All remaining rates and charges authorized by Collier County Ordinance No.2001-73 and Resolution Number 2017-168,as amended,also shall be applied by the Collier County Water-Sewer District upon assuming ownership of the Golden Gate System from the Florida Governmental Utility Authority. All residents of the County including customers of the Florida Governmental Utility Authority and the Collier County Water-Sewer District,affected property owners,tenants or occupants,and all other interested persons,shall have an opportunity to be heard. All such persons shall also be entitled to file written comments with the County. If a person decides to appeal any decision made by the County with respect to any matter considered at the hearing,such person will need a record of the proceedings and may need to ensure that a verbatim record is made,including the testimony and evidence upon which the appeal is to be made.In accordance with the Americans with Disabilities Act,persons needing special accommodations or an interpreter to participate in the proceeding should contact the Collier County Facilities Management Division located at 3335 East Tamiami Trail,Suite 1,Naples,Florida 34112-5356 at least three business days prior to the date of the meeting. If you have any questions,please contact the Facilities Management Division Director at(2391252-8380. BOARD OF COUNTY COMMISSIONERS AS THE EX-OFFICIO GOVERNING BOARD OF COLLIER COUNTY WATER-SEWER DISTRICT COLLIER COUNTY,FLORIDA PENNY TAYLOR,CHAIRMAN DWIGHT E.BROCK,CLERK By: Teresa Cannon Deputy Clerk(SEAL) November 1,2017 ND-1803297 0 PROOF O.K.BY: 0 O.K.WITH CORRECTIONS BY: PLEASE READ CAREFULLY•SUBMIT CORRECTIONS ONLINE ADVERTISER:BCC_PUBLIC UTILITIES PROOF CREATED AT:10/25/2017 3:54 PM SALES PERSON: Ivonne Gori PROOF DUE:- NEXT RUN DATE:11/01/17 PUBLICATION:ND-DAILY SIZE:3 col X 18.75 in ND-1803297.INDD Teresa L. Cannon From: Teresa L. Cannon Sent: Wednesday, October 25, 2017 4:32 PM To: Neet, Virginia; Bellone,Joseph Subject: FW: PROOF! NDN Display legal ad#1803297 Run Date: 11/1 Size: 1/2 page FW: FGUA Acquisition Notice Attachments: ND-1803297.pdf Please review! From: Cardenas, Mereida [mailto:Mereida.Cardenas@naplesnews.com] Sent:Wednesday, October 25, 2017 4:28 PM To:Teresa L. Cannon<Teresa.Cannon@collierclerk.com> Subject: FW: PROOF! NDN Display legal ad#1803297 Run Date: 11/1 Size: 1/2 page FW: FGUA Acquisition Notice For your approval Thank you, Mereida Cardenas Legal Advertising Specialist Naples Daily News PART OF THE USA TODAY NETWORK Office:239.213.6061 Mereida.Cardenas@naplesnews.com naplesnews.com From: Matthews,Victoria Sent:Wednesday, October 25, 2017 4:26 PM To: Cardenas, Mereida Subject: PROOF! NDN Display legal ad#1803297 Run Date: 11/1 Size: 1/2 page FW: FGUA Acquisition Notice Proof attached.Thanks! Victoria Matthews Sales Coordinator + t aie IUSA TODAY The M g Office:239.263.4747 Victoria.Matthews cni.NaplesNews.com NaplesNews.com From: NDN-Legals Sent:Wednesday, October 25, 2017 3:13 PM To: Matthews, Victoria <Victoria.Matthews@naplesnews.com> Subject: NDN Display legal ad#1803297 Run Date: 11/1 Size: 1/2 page FW: FGUA Acquisition Notice 1 , 8 Teresa L. Cannon From: BelloneJoseph <josephbellone@colliergov.net> Sent: Thursday, October 26, 2017 7:38 AM To: Teresa L. Cannon; Neet, Virginia Subject: RE: PROOF! NDN Display legal ad#1803297 Run Date: 11/1 Size: 1/2 page FW: FGUA Acquisition Notice Thank you Teresa. It looks good. Let's get the ad published! I appreciate all your help. Joe Bellone Director, Financial Operations Support Division Collier County Collier County Public Utilities 3339 Tamiami Trail E., Suite 302 Naples, FL 34112 (239) 252-2351 - office (239) 285-8193 - cell josephbellone@colliergov.net From:Teresa L. Cannon [mailto:Teresa.Cannon@collierclerk.com] Sent: Wednesday, October 25, 2017 4:32 PM To: NeetVirginia<VirginiaNeet@colliergov.net>; BelloneJoseph <josephbellone@colliergov.net> Subject: FW: PROOF! NDN Display legal ad#1803297 Run Date: 11/1 Size: 1/2 page FW: FGUA Acquisition Notice Please review! From: Cardenas, Mereida [mailto:Mereida.Cardenas@naplesnews.com] Sent:Wednesday, October 25, 2017 4:28 PM To:Teresa L. Cannon<Teresa.Cannon@collierclerk.com> Subject: FW: PROOF! NDN Display legal ad#1803297 Run Date: 11/1 Size: 1/2 page FW: FGUA Acquisition Notice For your approval Thank you, Mereida Cardenas Legal Advertising Specialist Naples Daily News PART OF THE USA TODAY NETWORK Office:239.213.6061 Mereida.Cardenas@naplesnews.com naplesnews.com 1 B Teresa L. Cannon From: NeetVirginia <VirginiaNeet@colliergov.net> Sent: Thursday, October 26, 2017 8:43 AM To: Teresa L. Cannon Subject: FW: Quote Only - Golden Gate Notice Teresa: See below. Dinny Virginia A. Neet, FRP Office of the Collier County Attorney Telephone (239) 252-8066 - Fax (239) 252-6600 Under Florida Law,e-mail addresses are public records.If you do not want your e-mail address released in response to a public records request,do not send electronic mail to this entity.Instead,contact this office by telephone or in writing. From:TeachScott Sent:Thursday, October 26, 2017 8:13 AM To: NeetVirginia <VirginiaNeet@colliergov.net> Subject: RE: Quote Only-Golden Gate Notice Dinny, I thought I approved it with this email to you yesterday. Considered the ad approved. Scott R. Teach Deputy County Attorney Collier County, Florida Tel: (239) 252-8400 Fax: (239) 252-6300 Office of the County Attorney, 3299 East Tamiami Trail, Suite 800, Naples, FL 34112 From:TeachScott Sent: Wednesday, October 25, 2017 11:37 AM To: NeetVirginia<VirginiaNeet@colliergov.net> Subject: RE: Quote Only-Golden Gate Notice Dinny, 1 9 B Teresa L. Cannon From: Teresa L. Cannon Sent: Thursday, October 26, 2017 8:46 AM To: Naples Daily News Legals Subject: FW: PROOF! NDN Display legal ad#1803297 Run Date: 11/1 Size: 1/2 page FW: FGUA Acquisition Notice Attachments: ND-1803297.pdf Legals, Ad looks good, ok to run! From:Cardenas, Mereida [mailto:Mereida.Cardenas@naplesnews.com] Sent: Wednesday, October 25, 2017 4:28 PM To:Teresa L. Cannon<Teresa.Cannon@collierclerk.com> Subject: FW: PROOF! NDN Display legal ad#1803297 Run Date: 11/1 Size: 1/2 page FW: FGUA Acquisition Notice For your approval Thank you, Mereida Cardenas Legal Advertising Specialist Naples Daily News PART OF THE USA TODAY NETWORK Office:239.213.6061 Mereida.CardenasCa�naplesnews.com naplesnews.com From: Matthews, Victoria Sent:Wednesday, October 25, 2017 4:26 PM To:Cardenas, Mereida Subject: PROOF! NDN Display legal ad#1803297 Run Date: 11/1 Size: 1/2 page FW: FGUA Acquisition Notice Proof attached.Thanks! Victoria Matthews Sales Coordinator Naples ItIS Bang tie uskromy ga the News-Press 4110 NETINORK viv media group Office:239.263.4747 Victoria.MatthewsCc�NaplesNews.com NaplesNews.com From: NDN-Legals Sent:Wednesday, October 25, 2017 3:13 PM To: Matthews,Victoria <Victoria.Matthews@naplesnews.com> Subject: NDN Display legal ad#1803297 Run Date: 11/1 Size: 1/2 page FW: FGUA Acquisition Notice 1 9 B B aiLjrwø NaplesNews.com Published Daily Naples,FL 34110 Affidavit of Publication State of Florida Counties of Collier and Lee Before the undersigned they serve as the authority, personally appeared Natalie Zollar who on oath says that she serves as Inside Sales Manager of the Naples Daily News, a daily newspaper published at Naples, in Collier County, Florida;distributed in Collier and Lee counties of Florida;that the attached copy of the advertising was published in said newspaper on dates listed.Affiant further says that the said Naples Daily News is a newspaper published at Na- ples,in said Collier County,Florida,and that the said newspaper has heretofore been continuously published in said Collier County, Florida; distributed in Collier and Lee counties of Florida, each day and has been entered as second class mail matter at the post office in Naples, in said Collier County, Florida,for a period of one year next preceding the first publication of the attached copy of advertisement; and affiant further says that he has neither paid nor promised any person, or corporation any discount, rebate, commission or refund for the purpose of securing this advertisement for publication in the said newspaper. Customer Ad Number Copyline P.o.# BCC/PUBLIC UTILITIES 1803297 FGUA Acquisition Not #4500181278 Pub Dates November 1,2017 6ViVa,1 (Sign ture of affiant) 1 .^;'« ••;••.., KAROLEKANGAS Notary Put*-State of Florida Sworn to and subscribed before me , ` commission I GG 126041 1 . � "_ My Comm,Expires JW 29.2021 This November 01,2017 '?4 I a". sanded through National Nary Om• 1 \4101 ("CO (Signature of affiant) NAPLESNIWS.COM 1 WEDNESDAY,NOVEMBER 1,2017 1 19A Bergdahl described as a `gold NOTICE OF PUBLIC HEARING TO DETERMINE WHETHER THE ACQUISITION OF THE ASSETS OF THE FLORIDA mine' of Taliban knowledge GOVERNMENTAL UTILITY AUTHORITY SERVING THE GOLDEN GATE COMMUNITY LOCATED IN COLLIER COUNTY,FLORIDA,BY THE COLLIER COUNTY WATERSETERSEW ERR DISTRICT,AND IMPLEMENTATION OF COUNTY RATES IS IN THE PUBLIC INTEREST; He was`eager to help,' briefing Bergdahl,described how the TO ESTABLISH RATES AND CHARGES AND MODIFY THE SERVICE AREA OF THE soldier was held in filthy conditions and COLLIER COUNTY WATER-SEWER DISTRICT. defense witnesses say endured torture,near starvation and The Board of County Commissioners of Collier County,Florida,as the governing body abuse.Russell said he was"living in his of Collier County and Ex-Officio the governing board of the Collier County Water-Sewer Jim MlchaN9 own filth." District and the Collier County Water and Sewer Regulatory Authority announces a usA TODAY Bergdahl made numerous attempts public hearing to which all interested persons are invited. Such public hearing will be to escape,once getting away for nine held to determine whether the acquisition by the Collier County Water-Sewer District of FORT BRAGG,N.C.-Army Sgt.Bowe days.He tried to survive by eating grass the water and wastewater assets currently owned by the Florida Governmental Utility Bergdahl was eager to cooperate with and was recaptured.For much of the Authority serving the Golden Gate Community("Golden Gate System")located in Collier government authorities and provided time in captivity he was chained inside County,Florida,and the implementation of County water and wastewater rates and valuable intelligence a metal cage and often beaten. charges is in the public interest.The Board also will consider modification of the service about his Taliban captors "It was extreme neglect," Russell area of the District to include the area known as Golden Gate currently served by the Florida Governmental Utility Authority.The public hearing will be on November 14,2017 who held him in brutal said."T'heyjust let him...rotinthatcage at the Board of County Commissioners Chambers at the Collier County Government conditions for five years for four years." Center,3299 Tamiami Trail East,3rd Floor,Naples,Florida 34112. The meeting will in Afghanistan,defense An Army doctor said Bergdahl suffers commence at 9:00 A.M. witnesses testified Tues- from nerve damage in his legs because The rates and charges which will be effective for services provided on the date the -"� day. of a lack of proper nutrition during cap- County acquires ownership of the Golden Gate System are as follows: Bergdahl "It was a gold mine," tivity.The doctor,Lt.Col.Alan Larsen, said Amber Dach, who said Bergdahl's condition might worsen Water Sia Effective Date was an intelligence ana- but wont get better. Residential,Multi-family and Commercial 10/1/2017 lyst involved with Bergdahl's lengthy Gregory Leatherman,a squad leader debriefing after he was released in 2014. assigned to Bergdahl's unit,described Monthly Base Charge FGUA CCWSD She said his testimony"reshaped"the him as a conscientious soldier. 5/8" $27.48 $21.80 way the military viewed intelligence Bergdahl expressed concerns that his 3/4" 41.23 21.80 gathering in the region. unit wasn't aggressive enough inpursu- 1" 68.72 48.13 Dach was among several defense ing the Taliban."He wanted to go out 1-1/4" 60.95 witnesses in the sentencing hearing for and get the bad guys,"Leatherman said. Bergdahl,31,who has pleaded guilty to Audry Ellingson,who worked along- 1-1/2" 137.41 91.76 charges of desertion and misbehavior side Bergdahl after he returned to the 2" 219.87 144.04 before the enemy.He faces a potential United States,said the soldier was reli- 3" 439.78 288.28 life sentence. able and efficient. He rarely corn- 4" 687.13 440.78 Bergdahl provided a rare opportunity plained. 6" 1374.28 877.07 to glean intelligence about the shadowy Bergdahl's case ignited a storm of Haqqani network,aTaliban-linked mil- controversy after the Obama admin- 8" 2.198.81 1,400.60 itant group operating in Afghanistan, stration reached a deal in 2014 for the 10" 2,534.90 analysts said. soldier's release in exchange for five Ta- 12" 3,423.75 He was"eager to help,"Dach said. libanmilitantsheldat Guantanamo Bay, Water Service Effective Date Bergdahl was the only American ser- Cuba.The five militants were turned Residential 10/1/2017 viceman held captive for a lengthy time over to Qatar. by Taliban-linked militants. As a candidate, President Donald Volume Charge leer 1 000 gallons) FGUA CCWSD Bergdahl appeared weak and pale Trump called Bergdahl a"dirty rotten 3/4"Block 1:0-6,000 $8.21 when he first met with debriefers at traitor."Bergdahl's platoon mates ac- 3/4"Block 2:7,000-10,000 6.82 Landsthul,the military base in Germa- cused him of risking the lives of fellow 3/4"Block 3:11,000-20,000 7.76 nywhere he was moved shortly after his soldiers by abandoning his post.Prose- 3/4"Block 4:21,000 and above 9.69 release."It was actually a bit disturb- tutors called witnesses to describe seri- 3/4.Block 1:0-5,000 $2.95 ing,"Dach said. ous injuries sustained In the search for Terrence Russell,an official at the him. 3/4"Block 2:8,000-10,000 4.51 Joint Personnel Recovery Agency,said On Monday,Bergdahl offered a tear- 3/4"Block 3:11,000-20,000 5.99 Bergdahl could be helpful in training ful apology for walking off his post."My 3/4"Block 4:21,000-30,000 7.48 military personnel about surviving cap- words can't take away what people have 3/4"Block 5:31,000-50,000 8.97 tivity."I need him,"Russell said."I need been through,"he said."I am admitting I 3/4^Block 6:51,000 and above 11.98 him right now." made a horrible mistake." Water Service Effective Date Russell,who also participated in de- Multi-Family and Commercial 10/1/2017 Volume Charge(per 1,000 gallons) FGUA CCWSD All consumption $8.49 per residential of} Wastewater Service Effective Date Ilerca!7 n i/ r Residential,Multi-family and Commercial 10/1/2017 Bank Monthly Base Charge FGUA CCWSD 5/8" $35.85 $33.31 L 3/4" 53.77 33.31 1" 89.61 75.74 It sure is nice 1/2" 97.10 1-1/2" 179.21 146.55 2" 286.73 231.57 3" 537.63 429.82 to see it grow 6" 896.07 712.76 1,792.12 1,420.43 8" 2,867.40 2,269.92 10" 4,069.67 For a limited time, 12" 6,031.93 Wastewater Service Effective Date take advantage of these CD rates Residential 10/1/2017 exclusively online. Volume Charge(per 1.000 gallons) FGUA CCWSD 3/4"Block 1:0-8,000 $7.16 3/4"Block 1:0-15,000 $4.69 12-Month Online CD Wastewater Service Effective Date Multi-Family and Commercial 10/1/2017 Volume Charge Iner 1 000 gallons) FGUA CCWSD All consumption $8.59 $4.89 ' All remaining rates and charges authorized by Collier County Ordinance No.2001-73 and APY" Resolution Number 2017-168,as amended,also shall be applied by the Collier County Water-Sewer District upon assuming ownership of the Golden Gate System from the Florida Governmental Utility Authority. All residents of the County including customers of the Florida Governmental Utility Authority and the Collier County Water-Sewer District,affected property owners,tenants or occupants,and all other interested persons,shall have an opportunity to be heard. 36-Month Online CD All such persons shall also be entitled to file written comments with the County. If a person decides to appeal any decision made by the County with respect to any matter ® considered at the hearing,such person will need a record of the proceedings and may need to ensure that a verbatim record is made,including the testimony and evidence upon which the appeal is to be made.In accordance with the Americans with Disabilities Act,persons needing special accommodations or an interpreter to participate in this a 4. ��, proceeding should contact the Collier County Facilities Management Division located at 3335 East Tamiami Trail,Suite 1,Naples,Florida 34112-5358 at least three business days prior to the date of the meeting. If you have any questions,please contact the Facilities Management Division Director at(239)252-8380. No checking account required. Visit us online at: BOARD OF COUNTY COMMISSIONERS AS THE EX-OFFICIO GOVERNING BOARD OF www.mercontilbank.com/opencd COLLIER COUNTY WATER-SEWER DISTRICT COLLIER COUNTY,FLORIDA Mercantil,empowering your world PENNY TAYLOR,CHAIRMAN R)IC -e,.Ma,4,,m only mnwercenger�Ve we acarzte as of r,dc m:lnafer,f.crwe: ,chenv,,ySA„e 10/23/17..: peraco,n mmsaa.a00 Cmmo,nmeww<n�ttea%nraomw mm" ers.IMc, rers uumb itaers IXires.m DWIGHT E.BROCK,CLERK acme u��nEavme:as�.nhawoa usu.wit.aen,rcK. „"",oe,.Aaerc,eearne�: nma",�,ab,n By: Teresa Cannon Cr "ce,atee,s 4.w =",,,=.nv 11.7.1 dues vmi„,e,v.:LI''. ,,mmadq,., Deputy Clerk(SEAL) r«the v,necotem.the current rate ark APT N,t.,athat nme Rates are valid r arriTexa November 1,2017 ND-1803297 ORIGINAL DOCUMENTS CHECKLIST & ROUTING SL TO ACCOMPANY ALL ORIGINAL DOCUMENTS SENT TO THE BOARD OF COUNTY COMMISSIONERS OFFICE FOR SIGNAT RP Print on pink paper. Attach to original document. The completed routing slip and original documents are to be forwarded to the County Attorney Office at the time the item is placed on the agenda. All completed routing slips and original documents must be received in the County Attorney Office no later than Monday preceding the Board meeting. **NEW** ROUTING SLIP Complete routing lines#1 through#2 as appropriate for additional signatures,dates,and/or information needed. If the document is already complete with the exception of the Chairman's signature,draw a line through routing lines#1 through#2,complete the checklist,and forward to the County Attorney Office. Route to Addressee(s) (List in routing order) Office Initials Date 1. 2. 3. County Attorney Office County Attorney Office SRT 11/14/17 4. BCC Office Board of County Pr 6 Commissioners 34-kI 11.1(1-)7. 5. Minutes and Records Clerk of Court's Office (1.5 PRIMARY CONTACT INFORMATION Normally the primary contact is the person who created/prepared the Executive Summary. Primary contact information is needed in the event one of the addressees above,may need to contact staff for additional or missing information. Name of Primary Staff Scott Teach,Deputy County Attorney Contact Information 239-252-8440 Contact/ Department Agenda Date Item was November 14,2017 Agenda Item Number 9B Approved by the BCC Type of Document Resolution declaring the acquisition of the assets Number of Original 1 Original Resolution Attached of the Florida Governmental Utility Authority Documents Attached 2 Agreements and serving the Golden Gate community in Collier supporting documents County, PO number or account N/A number if document is to be recorded INSTRUCTIONS & CHECKLIST Initial the Yes column or mark"N/A"in the Not Applicable column,whichever is Yes N/A(Not appropriate. (Initial) Applicable) 1. Does the document require the chairman's original signature ORIGINAL SRT 2. Does the document need to be sent to another agency for additional signatures? If yes, SRT provide the Contact Information(Name; Agency;Address; Phone)on an attached sheet. 3. Original document has been signed/initialed for legal sufficiency. (All documents to be SRT signed by the Chairman,with the exception of most letters,must be reviewed and signed by the Office of the County Attorney. 4. All handwritten strike-through and revisions have been initialed by the County Attorney's SRT Office and all other parties except the BCC Chairman and the Clerk to the Board 5. The Chairman's signature line date has been entered as the date of BCC approval of the SRT document or the final negotiated contract date whichever is applicable. 6. "Sign here"tabs are placed on the appropriate pages indicating where the Chairman's SRT signature and initials are required. 7. In most cases(some contracts are an exception),the original document and this routing slip N/A should be provided to the County Attorney Office at the time the item is input into SIRE. Some documents are time sensitive and require forwarding to Tallahassee within a certain time frame or the BCC's actions are nullified. Be aware of your deadlines! 8. The document was approved by the BCC on 11/14/2017 and all changes made during SRT the meeting have been incorporated in the attached document. The County Attorney's Office has reviewed the changes,if applicable. 9. Initials of attorney verifying that the attached document is the version approved by the _ ‘00,000 BCC, all changes directed by the BCC have been made,and the document is ready for the .4.e.%4&7'4 Chairman's signature. a Please send one (1) certified copy to Nabors, Giblin, & Nickerson, P.A. Attn: Bi Garner, 1500 Mahan Drive, Suite 200, Tallahassee, FL 32308. Please email an executed copy to Bill Garner at Bgarner@ngnlaw.com. r ress! shi ping label here. 7 V Align top of FedEx Epp P I , ORIGIN ID:APFA (239)252-2939 SHIP DATE:15NOV17 JESSICA HAYES ACTWGT: CAD:11188192011NET3920 3299 E.TAMIAMI TRAIL 1 SUITE 80FL 34112 BILL SENDER UNITED STATES US TO BILL GARNER NABORS, GIBLIN, & NICKERSON 1500 MAHAN DRIVE SUITE 200 TALLAHASSEE FL 32308 A (850)224-4070 in INV 6 PO [EP m 1111111101111111111111111111111111111111111111111111111111J I �`'J I I I I I �J ?;11 ' 1l�I 'I I Irl'I '� �i ■�rM�G..� } yl ' I y II r I■11 11 i iII' III 1 1 I ,iii I I III IIC � r 1 I 1 I 101054, )I ' I I '. iii E 4 m �1 i . I II C I I I , I I ! I, 1 1 IF.', III III �'�,f yLRy*�1 i I lli I, I ■ � I�II+i 1�I Ill rl 1■ n L N x THU - 16 NOV 3:00P rf , oR2o# 7707 5782 5282 STANDARD OVERNIGHT XH TLHA FL-US 32308TLH II I. nl Ili'PI1I '„I i1 III Iwill 11 II ICI N. ON ,f) M / / / / /////// /"/”/•.r..v•..,- - 9B RESOLUTION NO. 2017- 2 2 2 A RESOLUTION OF THE BOARD OF COUNTY COMISSIONERS OF COLLIER COUNTY, FLORIDA, AS THE GOVERNING BOARD OF COLLIER COUNTY, FLORIDA, AND EX- OFFICIO AS THE GOVERNING BOARD OF THE COLLIER COUNTY WATER-SEWER DISTRICT AND EX-OFFICIO AS THE GOVERNING BOARD OF THE COLLIER COUNTY WATER AND SEWER REGULATORY AUTHORITY DIRECTING AND AUTHORIZING THE ACQUISITION OF THE REAL AND PERSONAL PROPERTY OWNED OR UTILIZED BY THE FLORIDA GOVERNMENTAL UTILITY AUTHORITY TO PROVIDE WATER AND WASTEWATER SERVICES IN COLLIER COUNTY, FLORIDA, IN THE GOLDEN GATE COMMUNITY; PROVIDING FOR FINDINGS OF PUBLIC PURPOSE AND NECESSITY; PROVIDING THAT THE ACQUISITION IS IN THE PUBLIC INTEREST IN CONFORMANCE WITH SECTION 125.3401, FLORIDA STATUTES; PROVIDING AUTHORITY TO COMPLETE THE ACQUISITION; PROVIDING FOR TERMINATION OF AUTHORITY OF THE FLORIDA GOVERNMENTAL UTILITY AUTHORITY TO PROVIDE SERVICE AND INCLUSION OF SERVICE AREA IN THE COLLIER COUNTY WATER- SEWER DISTRICT SERVICE AREA; AND PROVIDING FOR APPLICABLIITY AND AN EFFECTIVE DATE. BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF COLLIER COUNTY,FLORIDA,AND EX-OFFICIO AS THE GOVERNING BOARD OF THE COLLIER COUNTY WATER-SEWER DISTRICT AND EX-OFFICIO AS THE GOVERNING BOARD OF THE COLLIER COUNTY WATER AND SEWER REGULATORY AUTHORITY as follows: SECTION 1. AUTHORITY. Pursuant to Chapter 125, Florida Statutes, and Chapter 2003-353, Laws of Florida, the Board of County Commissioners (the "Board") of Collier County, Florida, and ex-officio as the governing board of the Collier County Water-Sewer District (collectively, the "County") has all of the powers of local self-government to perform County functions and render services for County purposes. Such power includes the authority to provide water and wastewater utility services and to acquire facilities to provide such services within the County. SECTION 2. FINDINGS. It is hereby ascertained, determined and declared: A. The Florida Governmental Utility Authority (the "FGUA") owns and operates a potable water treatment and distribution system and a wastewater collection,treatment and disposal system within Collier County(collectively,the"Golden Gate System"). The Golden Gate System is operated pursuant to Section 163.01(7), Florida Statutes, and the First Amended and Restated Interlocal Agreement Relating to Establishment of the Florida Governmental Utility Authority dated December 1,2000,as it may be amended(the"FGUA Interlocal"). 1 9 B Prior to its acquisition by the FGUA in 1999,the Golden Gate System was operated by an investor-owned private water and wastewater utility company owned by Avatar Holdings, Inc. ("Avatar"). B. The FGUA acquired the Golden Gate System from Avatar with consent of the County based upon the terms of an interlocal agreement between the FGUA and the County approved by County Resolution No. 99-169/Resolution CWS-99-1 issued on March 9, 1999 (the "Golden Gate Interlocal Agreement"). Section 1 of the Golden Gate Interlocal Agreement reserves to the County the right to acquire all,but not less than all,of the Golden Gate System from the FGUA. C. Section 1(A) of the Golden Gate Interlocal Agreement further provides as follows: "The terms and provisions of such acquisition shall be established pursuant to a utility acquisition agreement between the [FGUA] and the [County], subject to the terms and conditions of the Interlocal Agreement and the Indenture. Notwithstanding the foregoing and unless otherwise agreed to by the [FGUA] and the [County],the purchase price for the Golden Gate Utility System shall be the amount required to repay the Bonds and any additional obligations of the [FGUA] related with the Golden Gate Utility System. The [County] further agrees to negotiate with the [FGUA] for the payment of a pro-rata share of any reasonable, verified [FGUA] expenses at the time of acquisition by the [County]. The [County] shall also pay all verifiable expenses associated with the transfer of the Golden Gate Utility System by the [FGUA] to the [County]." D. Section 1(B) of the Golden Gate Interlocal Agreement provides as follows: "The [FGUA] hereby also grants the [County] the right to assume the [FGUA's] obligations under the Bonds and the Indenture(or any successor document thereto),all pursuant to the terms and conditions set forth in Article VII of the Indenture. Any such assumption by the [County] shall take place simultaneously with the transfer of the Golden Gate Utility System from the [FGUA] to the [County]." E. To provide for the public interest and welfare, the Board generally is required to address and balance the impacts of growth with the need to provide and plan water production, treatment and distribution facilities and wastewater collection, treatment, disposal and reuse facilities which are necessary to accommodate existing development and anticipated future growth in a manner concurrent with the demand for such facilities. F. Transition of the Golden Gate System to the Collier County Water-Sewer District is consistent with the intergovernmental coordination element of the Collier County Growth Management Plant as such transition represents a cooperative effort between the limited purpose special district, the FGUA, and Collier County in the planning and provision of potable water, reclaimed water and the treatment of wastewater generated by existing and future residents and businesses in the County. Since the Golden Gate Interlocal Agreement was entered by FGUA and the County in 1999, the County has monitored the operation and improvement by FGUA of the Golden Gate System in contemplation of the eventual transition of such System to the Collier County Water-Sewer District. The Golden Gate System currently is surrounded by the Collier County Water-Sewer District's service area. 2 E G. Public ownership and control of existing water and wastewater utility systems, including the Golden Gate System,will provide the opportunity for the County to:(1)further develop a regional approach to the comprehensive supply, distribution and treatment of water and the collection,treatment and disposal of wastewater; (2) seek economies of scale resulting from the unified and regional provision of utility services by local government; (3) ensure that current and future users of the Golden Gate System and other County facilities are provided with cost efficient services at reasonable rates by local government; (4) ensure that the operation and maintenance of water and wastewater facilities is done in a proactive and environmentally responsible manner; (5) stabilize rates over the long term, reduce inefficient expansion and extension of service capacities, and avoid the proliferation of smaller treatment facilities and sites; (6) assure the appropriate expansion and interconnection of existing facilities and the construction of future facilities in a coordinated, uniform and non-discriminatory manner; (7) promote the protection and environmentally sensitive utilization of water supplies, surface water and groundwater resources in the County and surrounding areas;and(8)accomplish a greater public use and increased public benefit which will result from the ownership, operation and control of the Golden Gate System by the County. H. The provision of water and wastewater services is a major component of infrastructure coordination. The public ownership and control of the Golden Gate System will enable the County to more effectively and efficiently plan and fulfill the County's responsibilities under Florida Statutes to assure that high quality,cost efficient water and wastewater utility services needed to support new development are available concurrent with the impact of such development. The acquisition of the Golden Gate System is consistent with the County's comprehensive plan. I. Based upon the foregoing, the Board expressly finds that the provision of water and wastewater utility services in the Golden Gate community by the County constitutes a public purpose and is in the best interests of the health, safety and welfare of the County and its inhabitants. Further, the Board expressly finds that the acquisition and integration of the Golden Gate System into the Collier County Water-Sewer District is necessary for the fulfillment of the public purpose of providing a County-owned and operated water and wastewater utility, and will provide a greater public use and increased public benefit than the existing use. SECTION 3. PUBLIC INTEREST DETERMINATION OF PURCHASE. In conformance with section 125.3401, Florida Statutes, and Chapter 2003-353, Laws of Florida, the Board has considered the report presented during the hearing from CCWSD staff and retained financial, engineering and legal experts (attached as Exhibit "A" hereto) addressing the following criteria mandated for consideration by the Board with respect to the acquisition of the Golden Gate System: A. The most recently available income and expense statement of the Golden Gate System; 3 • B. The most recently available balance sheet for the Golden Gate System listing the assets and liabilities and showing the amount of contributions-in-aid-of construction and the accumulated depreciation thereon; C. A statement of the existing rate base of the Golden Gate System for regulatory purposes; D. The physical condition of the Golden Gate System; E. The reasonableness of the amount to be paid and the terms of the Transition Agreement; F. The impacts of the contemplated acquisition on utility customers served by the Golden Gate System as well as utility customers served by the County,both positive and negative; G. Any additional investment required and the ability and willingness of the County to make that investment; H. The alternatives to the contemplated acquisition and the potential impact on utility customers if the Golden Gate System is not acquired; I. The ability of the County to provide and maintain high quality and cost-effective utility service; and J. A statement prepared by staff of the Collier County Water-Sewer District, together with reports from financial and engineering experts, showing that: (1) the acquisition of the Golden Gate System is in the public interest, including a summary of the County's experience in utility operation;and(2)the County has the fmancial ability to provide,now and in the future, high quality and cost-effective utility services to the Golden Gate community. The Staff Report concludes with a recommendation that the Board find the acquisition of the Golden Gate System by the County to be in the public interest based upon an analysis of these criteria. SECTION 4. EXERCISE OF RIGHT TO PURCHASE. The Board hereby exercises its right to acquire the Golden Gate System from the FGUA and states its commitment to cause the Collier County Water-Sewer District (the "District") to issue Bonds and otherwise render to FGUA such payments as are necessary to refund all of FGUA's existing Series 2010 Bonds, Series 2012 Bonds and Series 2015 Bonds. The County currently intends to refund and redeem FGUA's existing SRF Loans and SunTrust Loan with cash but reserves the right to refund/redeem such Loans through the issuance of other debt of the District. SECTION 5.AUTHORITY TO COMPLETE PURCHASE AND SALE.A Transition Agreement by and between the Florida Governmental Utility Authority, Collier County, Florida, and the Collier County Water-Sewer District (the "Transition Agreement") is attached as Exhibit "B" to this Resolution. The Board hereby approves the form thereof and the Board hereby authorizes and directs the Chair, or the Chair's designee, to execute the Transition Agreement on behalf of the Board in substantially the form of the Transition Agreement attached hereto as Exhibit"B"and to deliver executed copies of the Transition Agreement to the FGUA. The Board further authorizes the Chair, the Chair's designee, members of the Board, officers, attorneys and other agents or employees of the County to do all acts and things required of them by this Resolution and the 4 9 13 Transition Agreement, for the full punctual and complete performance of all of the terms, covenants and agreements contained in this Resolution and the Transition Agreement, and each member of the Board, officers, attorneys and other agents or employees of the County is hereby authorized and directed to execute and deliver any and all papers and instruments, asset closing documents, bonds and bond documents, and to do and cause to be done all acts and things necessary or proper for carrying out the transactions contemplated by this Resolution and/or the Transition Agreement. SECTION 6.APPROVAL OF TRANSITION AS EX OFFICIO GOVERNING BOARD OF THE COLLIER COUNTY WATER AND SEWER AUTHORITY. The transition of the assets of the Golden Gate System into the Collier County Water-Sewer District pursuant to the Transition Agreement,having been duly noticed and a hearing held,is hereby found to be in the public interest and approved as of right pursuant to section 134-369(f) of the Code of Laws and Ordinances of Collier County, Florida. Any certificate or agreement previously issued to, or entered with, the FGUA by the Collier County Water and Sewer Authority is terminated effective on the date of the completion of the transition of the Golden Gate System into the Collier County Water-Sewer District and the service area of the FGUA related to the Golden Gate System shall become part of the service area of the Collier County Water-Sewer District on such date. SECTION 7. APPLICABILITY AND EFFECTIVE DATE. This Resolution shall be liberally construed to affect the purposes hereof and shall take effect immediately upon its adoption. 5 9 B PASSED AND DULY ADOPTED at the meeting of the Board of County Commissioners of Collier County, Florida,and acting as the Ex-Officio Board of the Collier County Water-Sewer District and Ex-Officio Board of the Collier County Water and Sewer Regulatory Authority on the 14th day of November, 2017. BOARD OF COUNTY COMMISSIONERS OF COLLIER COUNTY, FLORIDA, AS THE GOVERNING BODY OF COLLIER COUNTY AND EX-OFFICIO BOARD OF THE COLLIER COUNTY WATER-SEWER DISTRICT AND EX- OFFICIO BOARD OF THE COLLIER COUNTY' :' WATER AND SEWER REGULATORY`' AUTHORITY • ATTEST: di By: UtJI -� , , ��'e. ;. ,C . By: i 4 s.ep reClem Penny Tay .r, Chair Attest as to Chairman s. s,gnatute only .,,,. 4 Ag , Ap• , ed as to fo I d legality: '1 ..e.....A___ oft R. Teach Deputy County Attorney 6 s� 9 B Exhibit A 9 B STAFF REPORT PURSUANT TO SECTION 125.3401, FLORIDA STATUTES TO: Board of County Commissioners Collier County, Florida FROM: Dr.George Yilmaz DATE: October 26,2017 RE: Public Hearing and Resolution Considering the Acquisition of the Water and Wastewater Utility Assets of the Florida Governmental Utility Authority Golden Gate System and Establishing Rates RECOMMENDATION: Staff of the Collier County Water-Sewer District ("CCWSD") of Collier County, Florida ("County") hereby presents the Board of County Commissioners ("Board") with this report addressing a proposed Utility System Transition Agreement ("Transition Agreement") with the Florida Governmental Utility Authority ("FGUA"). The Transition Agreement contains the proposed terms of the conveyance to CCWSD of the water and wastewater utility facilities comprising the Golden Gate System currently owned by FGUA(the "Golden Gate System"). If the Board desires to proceed with this transaction under the presented terms, the Board must adopt Resolution No.2017-_which(a)approves the terms of the Transition Agreement and related transfer documents being presented with this Report(collectively,the Transition Agreement and transfer documents will hereafter be referred to as the "Transfer Documents"), (b) directs and authorizes the transition into CCWSD of the real and personal property described in the Transition Agreement comprising the Golden Gate System, (c)establishes the new water and wastewater rates and charges as the same rates and charges applied by CCWSD to its existing customers, (d) modifies the existing CCWSD service area to include the Golden Gate System service area and (e)terminates any pre- existing authorization from the Collier County Water-Sewer Regulatory Authority to FGUA to own and operate the Golden Gate System. BRIEF HISTORY OF FGUA GOLDEN GATE SYSTEM AND COUNTY TRANSITION EFFORTS Collier County has been contemplating the transition of the FGUA System into the CCSWD since 1999 when the owner of the water and wastewater utility then serving the Golden Gate area decided to sell all of the water and wastewater systems it owned,which at that time included the Golden Gate System,to the Florida Governmental Utility Authority. Pursuant to the Florida law applicable to government utility authorities,the FGUA notified Collier County of the potential to purchase the Golden Gate System. The FGUA sought the County's consent to such a purchase. By resolution 199-09 (the "Consent Resolution"), the Board of County Commissioners approved an interlocal agreement with the FGUA (the "Interlocal 1 9 8 Agreement") which consented to the FGUA's purchase but also retained to the County the right to purchase the Golden Gate System. The Interlocal Agreement further established that in the event the County elected to assume ownership of the Golden Gate System from the FGUA,the purchase price would be an amount equal to the then-outstanding balance of the debt incurred by FGUA to acquire and improve the Golden Gate System together with the assumption by the County of any other FGUA obligations related to such System which may exist at the time of the County's election to purchase. Copies of the Consent Resolution and Interlocal Agreement are provided in Appendix A to this Report. Since the Interlocal Agreement was signed, the FGUA closed on the purchase of the Golden Gate System and has operated, maintained and improved the System since 1999. The current financial status and other information pertinent to the Board's decision whether to pursue the transition of the Golden Gate System into CCWSD at this time is provided later in this Report and in the appendices hereto. On November 3, 2015,CCWSD presented,and the Board approved,the County's"Sustainable Integrated Water Resource Management Plan."Transition of the FGUA's Golden Gate System into CCWSD is another important step,in addition to the recent Orange Tree Utility System integration,toward fulfillment of such plan.As the Board reiterated recently when authorizing the integration of the Orange Tree Utility System into CCWSD, ever since the County began purchasing private water and wastewater utilities, the County has recognized that the proliferation of small water and wastewater systems may not be conducive to the most cost effective and efficient provision of water and wastewater service. Where efficient and effective service is not available, the utility owner, customers, and the environment may suffer. Recognizing the benefits and efficiencies of economies of scale as a utility system grows as well as other benefits from CCWSD ownership of utility systems in the County,on June 27,2017,the Board adopted Resolution 2017- 123 authorizing County staff to work toward the potential transition of the FGUA System into CCWSD pursuant to the terms of the Interlocal Agreement.CCWSD has proceeded to conduct the negotiation and due diligence processes relating to the Golden Gate System in a manner consistent with applicable County ordinances and the Interlocal Agreement since that time. CCWSD retained financial, legal and engineering experts skilled in the utility acquisition process to assist the County in the transition process.Public Resources Management Group("PRMG"),the CCWSD financial experts, and the engineering firm, Stantec Consulting Services, Inc., have presented CCWSD with several reports regarding the Golden Gate System(the"PRMG Report"and"Stantec Report",respectively).PRMG and Stantec support County Staffs recommendation that the Golden Gate System be transitioned into CCWSD at this time.In addition,CCWSD, by and through Stantec,has evaluated the Golden Gate System's compliance with local,state and federal laws, rules and permits, including environmental impact analyses as deemed appropriate,and confirmed that the Golden Gate water and wastewater systems are currently in substantial compliance and capable of CCWSD operation on a cost-effective basis. Follow up investigations subsequent to Hurricane Irma revealed that the Golden Gate System had not been materially adversely affected from the hurricanes and thus Staffs recommendation to proceed with the transition has not been altered.The Transfer Documents provide the terms of the conveyance of the FGUA System to the County in the manner and timeframes contemplated in such documents. Requirements of Florida Law Public Hearing Requirement Pursuant to Chapter 125, Florida Statutes,the County has the power to acquire,operate,construct,own, and manage water and/or wastewater utility facilities. In accordance with these and similar powers, 2 9 B County Staff has negotiated the terms of the proposed Transition Agreement and Transfer Documents which provide for the transition of the Golden Gate System into CCWSD in a manner consistent with the Interlocal Agreement and applicable County ordinances. To provide for the public interest and welfare, section 125.3401, Florida Statutes requires the Board to address and balance numerous factors, listed below, when considering the proposed transition of the Golden Gate System into CCWSD. The CCWSD acquisition team has spent many hours in the investigation of this potential transition, conducting due diligence and negotiating terms with the FGUA to ensure the seamless transition of the FGUA's Golden Gate System and customers into CCWSD. The following information, together with, and summarizing, the more detailed financial and engineering information presented by PRMG and Stantec is provided for the Board's consideration in determining if the recommended action is in the public interest: (1) The most recent available income and expense statement for the utility. This information is provided in pertinent portions of the most recent Comprehensive Annual Financial Report of the FGUA relating to the Golden Gate System (the "CAFR") for the period ending December 31, 2016. Copies of pertinent pages of the CAFR are attached in the PRMG Report as Table 2-1. (2) The most recent available balance sheet for the utility, listing assets and liabilities and clearly showing the amount of contributions-in-aid-of-construction and the accumulated depreciation thereon. This information is included in the Financial Section of the CAFR referred to above, copies of pertinent pages are provided in Table 3-1 of the PRMG Report. (3) A statement of the existing rate base of the utility for regulatory purposes. As a governmental authority, the FGUA does not maintain "rate base" information. Rate base is a ratemaking financial concept which applies only to private or"investor-owned" utilities. Rate base considers such concepts as "used and useful" plant in service which do not apply to utility systems owned and operated by government-owned utilities such as CCWSD and FGUA.The FGUA Golden Gate System thus does not have a recorded "rate base"and has not recorded rate base information since the System was last owned by a private owner in 1999 prior to purchase by the FGUA. (4) The physical condition of the utility facilities being purchased, sold or subject to a wastewater facility privatization contract. Stantec conducted a regulatory compliance review of the FGUA System operations, which CCWSD has reviewed and continues to follow up on. According to the Stantec Report, the Golden Gate wastewater system is "in good condition and limited improvements are needed to maintain wastewater service to existing customers." The Golden Gate water system is experiencing problems with unaccounted for water and low water treatment recovery rates from the existing treatment process which, absent a CCWSD acquisition or interconnect with the CCWSD water system, would require significant capital expenditures by FGUA to improve water quality and assist the System to operate more effectively. As reported below in this Staff recommendation and report, CCWSD and its engineers recommend that an interconnect of the Golden Gate System with the CCWSD water system be completed as soon as possible after the Transfer Date to remedy these issues.The Transition Agreement 3 9 B provides for this expeditious completion of the required interconnect so water quality and water system operation,generally,should improve soon after CCWSD takes ownership of the Golden Gate System. Representatives of CCWSD and its experts also periodically have performed on-site visits to inspect the FGUA Golden Gate System. CCWSD will need to incorporate the FGUA Golden Gate System into its geographical information system ("G.I.S.") should the Board approved the proposed transition. The Transition Agreement,if approved,provides CCWSD and its representatives continued access to the FGUA System prior to the date title to the FGUA System is to be transferred to CCWSD.CCWSD shall utilize the period between the Board's approval of the Transition Agreement and the day that ownership of the Golden Gate System is transferred to CCWSD (the "Transfer Date") to continue to analyze and monitor system operations and familiarize CCWSD personnel with specific operations protocols to insure smooth transition of System operations to CCWSD. The Transition Agreement further provides the County the ability to continue utilization of FGUA contracts or contractors subsequent to the Transfer Date should the County so desire. Finally, CCWSD has secured from FGUA in the Transition Agreement representations confirming substantial compliance of the Golden Gate System with applicable local,state and federal laws, rules and permits and identifying a single real property related issue which CCWSD is addressing. (5) The reasonableness of the contract price and terms. The proposed conveyance of the Golden Gate System and transition of the Golden Gate System into CCWSD is to be completed pursuant to the terms of the Transition Agreement and Transfer Documents, and applicable County ordinances,with the purchase price payable by the County equal to the outstanding debt and other obligations of FGUA related solely to the Golden Gate System. The FGUA has acquired other utility systems located in a number of other Florida counties,some of which systems previously have been transitioned into ownership by the county or city in which such systems were located. The proposed transition of the Golden Gate System into CCWSD would occur in a manner and upon such terms which are similar to the transitions of FGUA systems to other local governments in the past. In addition,the terms of the Transition Agreement reflect and incorporate the guidance, rights and obligations provided to CCWSD and the County through the Interlocal Agreement and County ordinances. Pursuant to the Interlocal Agreement,CCWSD will assume ownership of all assets and associated rights of the Golden Gate System used to provide service in the existing FGUA Golden Gate service area. Deeds, easements, a bill of sale and FGUA records and documents pertaining to the Golden Gate System will be provided by FGUA to the County to enable CCWSD to provide service to current customers as well as future customer growth. Liabilities: The FGUA will convey to the County all rights and ownership associated with the Golden Gate System, including all cash (both restricted and unrestricted), rights to revenue, and title to all property. The FGUA bonds do not permit any FGUA system to be responsible for the liabilities of any other FGUA system. Thus, upon conveyance of the Golden Gate System to CCWSD, CCWSD shall be responsible for satisfying any liabilities associated with the Golden Gate System arising out of any occurrence or event which occurred prior to, as well as subsequent to,the Transfer Date. Since CCWSD will assume the risks 4 98 related to past FGUA non-compliance with applicable laws, permits and rules,CCWSD would be assuming a risk not ordinarily assumed in a utility system transfer situation. Therefore, CCWSD has conducted thorough due diligence of the Golden Gate System, including consultation with regulatory authorities,to best be able to assess the potential scope of such a risk.CCWSD and its experts have determined that risks associated with CCWSD's assumption of pre-Transfer Date liabilities should not materially adversely affect CCWSD's ability to operate the Golden Gate System after the Transfer Date so as to comply with the financial,operating and engineering projections of CCWSD's experts, as identified in the PRMG Report. Transfer Date: March 1, 2017 Title Insurance: FGUA shall provide the County with deeds to the four (4) parcels of property owned by FGUA in fee title, including the parcel upon which the primary water and wastewater facilities, including the water and wastewater treatment plants (the "Treatment Plants Parcel") are located. Existing easements in favor of FGUA shall be assigned to CCWSD and the Transition Agreement provides that new deeds and easements shall be granted to CCWSD by FGUA as may be required by CCWSD so that CCWSD possesses rights of use and access to all assets used by FGUA to operate the Golden Gate System being integrated into CCWSD. CCWSD will identify property and easements for which title insurance will be secured as well as the amount of title insurance required.The FGUA will possess no rights to such property or easements subsequent to the Transfer Date. To date, CCWSD due diligence and FGUA disclosures have identified one known potential encumbrance or liability related to real and personal property to be conveyed to CCWSD under the Transition Agreement. This issue relates to an access easement to Golden Gate System water facilities and related facilities(antanaeantennae).CCWSD staff and experts are addressing the issues with the expectation that resolution may be achieved prior to the Transfer Date. At the present time, the issues identified would not appear to be materially adverse to CCWSD operation of the Golden Gate System in the manner currently contemplated by CCWSD. Litigation and Regulatory Matters: FGUA represents to the County that there is no pending litigation or material regulatory matter relating to the Golden Gate System and that FGUA has no knowledge of facts which would suggest litigation or a regulatory matter of an enforcement nature may arise based upon any known act or omission of the FGUA or its contractors. As explained previously in this Report, due to the unique structure of the FGUA, should a regulatory matter arise subsequent to the Transfer Date, CCWSD would be liable for rectifying such matter regardless of whether the act or omission giving rise to such matter occurred prior to the Transfer Date. (6) The impacts of the purchase and sale on utility customers, both positive and negative. It is expected that the impact and consequences of acquiring the Golden Gate System from the FGUA on both ratepayers and landowners will be positive in nature. The area served by the Golden Gate System is surrounded by CCWSD's service area and facilities. To improve the quality of water and wastewater service from the level of service currently being provided by FGUA and generally to comport with the mission of CCWSD to provide safe, sufficient and economical water and wastewater utility service, the following is proposed by CCWSD: 5 98 (a) Acceptance of conveyance of the FGUA System by the County pursuant to the terms of the Transfer Documents presented to the Board; (b) Upon the Transfer Date, CCWSD shall charge former FGUA customers the same rates, fees and charges currently authorized by the Board to be charged to customers of CCWSD.The County's monthly water and wastewater rates represent approximately a 25%decrease in the monthly bill for former FGUA customers using an average of 6,000 gallons of water per monthly billing period. (c) CCWSD has initiated steps to interconnect the existing water system serving the Golden Gate community to CCWSD's water system soon after the Transfer Date. Water quality is anticipated to improve, and capital expenditures previously anticipated to be made by the FGUA to expand its water treatment facilities and improve the quality of water it was serving will be prevented. (d) Upon the Transfer Date,CCWSD will possess the financial ability to provide water and wastewater services to not only the areas currently served by FGUA, but potentially areas within the Golden Gate service area which are not yet receiving central water and wastewater service from the FGUA. (e) After the transition of the FGUA System into CCWSD, CCWSD will continue to possess more than sufficient financial ability to meet all identified capital needs, renewal and replacement, operations, management and adequate contingencies for operating the Golden Gate System. (7) Any additional investment required and the ability and willingness of CCWSD to make that investment. The transition of the FGUA System into CCWSD represents yet another significant step forward in fulfilling the County's Sustainable Integrated Water Resource Management Plan.The Golden Gate System currently serves approximately 3,640 water and 2,300 wastewater connections. CCWSD, together with Stantec,have conducted extensive engineering and operations due diligence.The transition of the FGUA System into CCWSD will advance CCWSD's ability to provide service in the Northeast service area. CCWSD will be able to serve the Northeast service area through existing and to be constructed facilities, as well as provide interconnections between the Golden Gate System and existing CCWSD in- ground infrastructure. The Transition Agreement identifies capital projects which will be completed prior to the Transfer Date by FGUA, as well as those projects which may be initiated by FGUA prior to the Transfer Date but which would remain in process as of such date. CCWSD shall assume responsibility to complete any FGUA Transition Projects not completed as of the Transfer Date. Any warranties associated with completed projects or projects in process on the Transfer Date shall be conveyed to CCWSD by FGUA. Also, CCWSD has identified certain capital projects and improvements which CCWSD shall initiate if the Board approves the Transition Agreement which CCWSD anticipates will allow CCWSD to improve service in the Golden Gate community as of the Transfer Date.Perhaps most significantly,CCWSD and FGUA shall initiate construction of facilities necessary to interconnect the Golden Gate System water facilities to CCWSD's water system in three locations(approximate cost$1.5 million)on or shortly after the Transfer Date. It is anticipated that completion of the interconnects upon CCWSD taking ownership of the Golden Gate System will improve water quality, resolve current quality issues currently being experienced by FGUA(i.e., lead and copper), reduce water system operating costs and eliminate the need to invest larger sums which FGUA had been contemplating making in other capital projects to address the water issues. 6 98 (8) The alternatives to the purchase and the potential impact on utility customers if the purchase is not made. It is in the public interest that long-range planning, management, financing, maintenance, upkeep, and operations of water and wastewater utilities be coordinated by the County through the CCWSD.The transition of the Golden Gate System into CCWSD is another step toward achieving this goal. This transition initiative meets current growth management plan standards to ensure the adequacy and availability of viable public facilities, including goals established in the most recent Sustainable Integrated Water Resource Management Plan. CCWSD is unable to identify any negative consequence on current customers of the Golden Gate System from the proposed transition. Customer rates will immediately decrease upon the Transfer Date. Future rate increases will be lower than customers otherwise would have experienced under continued FGUA ownership as CCWSD offers significant economies of scale, lower financing costs (tax exempt debt at better rating),and the ability to manage costs and investments for the long term.Under FGUA ownership, the utility has been managed for the shorter term as the FGUA knew of CCWSD's option to assume responsibility for serving the Golden Gate service area and acquiring the Golden Gate System. Water quality and the efficiency of water system operations should improve soon after the Transfer Date upon completion of the interconnection of the Golden Gate System to the CCWSD water system. As the Golden Gate Interlocal Agreement provides the County with the right to acquire the Golden Gate System at any time, another private utility likely would not purchase the Golden Gate System from the FGUA since such owner would be bound by the terms of the Interlocal Agreement.The sale of the Golden Gate System to a private utility would appear to be foreclosed;and it is doubtful that a private utility could bestow on current customers of the Golden Gate System the many benefits expected to be derived from the CCWSD acquisition.Based on the foregoing,FGUA customers will benefit from the proposed transition of the Golden Gate System into CCWSD. (9) The ability of the County to provide and maintain high-quality and cost-effective utility service.As indicated previously in this Report,transition of the Golden Gate System into CCWSD is an important step toward fulfilling the Sustainable Integrated Water Resource Management Plan approved by the Board on November 3,2015.CCWSD, PRMG and Stantec have conducted extensive due diligence and analyzed the operations and capital needs and cash flow projected to be experienced by CCWSD upon successful transition of the Golden Gate System into CCWSD. CCWSD will achieve economies of scale and other efficiencies (i.e.,from abandoning the current water treatment plants) when the Golden Gate System is operated in conjunction with CCWSD's existing utility operations.CCWSD's ability to provide and maintain high-quality and cost-effective utility service for the Golden Gate System is best demonstrated in the AAA ratings currently bestowed by Fitch rating agency upon CCWSD's existing water and wastewater bonds,a testament to the sound utility policies and practices employed by CCWSD.Also, customers of the Golden Gate System should benefit from CCWSD's superior bond ratings thus providing access to lower cost public financing than previously available under FGUA ownership. CCWSD's superior bond ratings should lower capital costs for system expansions, interconnects and other improvements. CCWSD's decades of experience acquiring, operating, and improving water and wastewater systems is sufficient justification for customers of the Golden Gate System to be confident that they will be well served by CCWSD. 7 9B Other Material Facts Other material facts concerning the Golden Gate System for the Board's consideration and approval include (a) approval of the incorporation of the Golden Gate service area into CCWSD's service area; (b) termination of any authorization to operate the Golden Gate System previously issued to FGUA by the Collier County Water and Sewer Regulatory Authority; and (c) the potential impact of reduced monthly rates to be charged to former FGUA customers after the proposed transition. (a) The special law passed by the Florida Legislature to create the CCWSD (Chapter 2003-353, Laws of Florida, to be referred to in this Report as the "Special Act") excludes from CCWSD's service area the areas currently served by the FGUA's Golden Gate System.Upon transition of the Golden Gate System to CCWSD, CCWSD will assume responsibility to provide water and wastewater services to this area.The resolution proposed for Board consideration includes a finding that it is in the public interest for the Golden Gate System to be transitioned from FGUA to CCWSD ownership together with the expansion of CCWSD's service area to include those areas in the Golden Gate community currently served by the FGUA as well as areas in which the FGUA previously was authorized to provide service but are as yet unserved. (b) Pursuant to the terms of the Golden Gate Interlocal Agreement,and subsequent agreements,the County's Water and Sewer Regulatory Authority (the "Regulatory Authority") has possessed certain regulatory authority over FGUA operations in the County since 1999. The resolution presented to the Board provides for the Board, acting as the ex officio board of the Regulatory Authority,to recognize (i)the transition of the Golden Gate System to CCWSD, (ii)the expansion of CCWSD's service area to include all areas in which the FGUA previously was authorized to provide water and wastewater service, and (iii) the termination of any authorization previously granted to FGUA to provide water and wastewater services in such area. (c) Service Rates Under FGUA versus CCWSD Ownership.FGUA over the years has filed rate increase requests with the Authority to recover its investments in the Golden Gate System and its cost of operating the System. As of this date, the monthly service rates charged by FGUA for water and wastewater service are approximately twenty-five percent (25%) higher than the corresponding rates charged by CCWSD. Upon completion of the recommended transition of the Golden Gate System into CCWSD, CCWSD proposes that the rates charged to customers previously served by FGUA be equal to CCWSD rates in accordance with section seventeen of the Special Act, which prohibits discrimination in the fees, rates and charges for users in the same class which possess the same service characteristics. Charging CCWSD rates initially is likely to reduce the operating income from the Golden Gate System from levels currently being obtained by the FGUA as monthly service revenue will be reduced. The revenue reduction is anticipated to be offset by reductions in certain operating costs currently projected by CCWSD. It also is unknown whether significantly reduced monthly customer bills will encourage customers to use more water which would produce higher revenue than currently projected by the County's expert. In addition, CCWSD contemplates offering additional service in areas not currently served by FGUA, which service would generate additional revenue and have associated public health, safety and environmental benefits. Considering all pertinent factors, CCWSD believes that the cost and revenue projections presented to the Board by the County's financial expert, PRMG, as well as the projected investments in capital projects to be made by CCWSD subsequent to the Transfer 8 9 8 Date, are reasonable and conservative projections which may be relied upon by the Board when considering the proposed acquisition. Determination of Public Interest Upon consideration of the above factors,it is recommended that the Board of County Commissioners find that the transition of the FGUA System into CCWSD pursuant to the terms of the Transition Agreement and Transfer Documents is in the public interest;that the transfer of the water and wastewater assets of FGUA to CCWSD be approved as of right; that the rates charged by CCWSD to customers served by the Golden Gate System as of the Transfer Date be those rates currently in effect for CCWSD customers in the same customer class;that CCWSD be authorized to continue to operate the Golden Gate System pursuant to the terms of such operations,equipment or other service agreements as CCWSD determines should be assigned to CCWSD as of the Transfer Date; that the CCWSD service area include the service area previously served by FGUA;and that any authorization by the Regulatory Authority previously granted to FGUA to provide water and wastewater service in the Golden Gate community be terminated. 9 255 Alhambra Circle 305 448-6992 Suite 404 305 448-7131 fax el Coral Gables,FL www pfm corn 33134 91 pfm October 19,2017 Memorandum—Plan of Finance To: Collier County, Florida From: PFM Financial Advisors LLC Re: Updated Memorandum --Acquisition of Golden Gate Utility, Plan of Finance Please consider this updated memorandum discussing two scenarios to refinance and restructure all of the Golden Gate Utility Authority senior lien debt obligations. The primary update to this memorandum, in addition to providing for current market interest rates, is the consideration to refinance all three of the existing bonds, rather than refinancing portions and assuming other portions. It is our understanding upon reviewing the available documentation and discussions with the County's bond counsel that the GGUA bonds and loans were issued with the appropriate disclosures and mechanism to be acquired in their entirety by the County. In the simplest terms, in order to effectuate the acquisition the County would issue a bond (covenant)to the GGUA assuming the payment responsibility for the outstanding debt, however the bonds and loans themselves would remain as-is(no change in investor holdings). The outstanding GGUA debt is as follows: • Series 2010 Bonds, outstanding principal amount of$6,315,000 • Series 2012 Bonds, outstanding principal amount of$16,040,000 • Series 2015 Bonds, outstanding principal amount of$12,605,000 • 2016 SunTrust Loan, outstanding principal amount of$2,265,100 • Two(2) SRF Loans, combined outstanding principal amount of$1,433,653.28 For purposes of this memorandum, we have considered a consolidated alternative which contemplates refinancing and restructuring 100%of the senior obligations(the series 2010, 2012, and 2015 bonds). As such the County's Utility can realize overall Net Present Value Savings by virtue of reducing the interest rate on the debt, and shortening the final maturities on the GGUA bonds to better align with the County Utility's overall debt structure. In order to provide some context for the sensitivity to market conditions, we also performed the same analysis with the assumption that actual interest rates on the refinancing were 25 basis points(0.25%) higher at the time of execution. The results indicate that the restructuring transaction, inclusive of refinancing all three existing series' of bonds, would produce positive Net Present Value Savings ranging from 9.7% using current market rates, or 6.8% after adding 25bps to current market indications. Similarly as discussed previously, restructuring the GGUA debt to shorten the final term will result in dis-savings in the early years ranging from$340,000 to$2.08 million when compared to the existing GGUA debt schedules. It's important to note however that the County is not beholden to the prior term issued by GGUA, and should evaluate the transaction from the standpoint of the Utility's own ability to service the additional debt over this shorter term. To that point, please review schedule 2 and 3 on the following pages which aggregate the County's total annual debt commitments after acquisition of the GGUA. A summary of the results of the analysis is also provided in Table 1 below. We look forward to continuing the dialogue with the County and refining the plan of finance based on market conditions at the time of acquisition. Please contact us should you have any questions or desire any additional analysis. October 19, 2017 4 Page 2 of 4 9 Ei pfm TABLE 1: REFINANCING RESULTS Collier County Acquisition of Golden Gate Utility S tem- Updated Financin• Plan Market Conditions as of August 2017 Current Market Current Market+25 Structure Refinance/Defease Refinance/Defease GGU Debt(todays GGU Debt(today's rates rates) +25 bps) Refunded Series' Series 2010,Series Series 2010,Series 2012,Series 2015 2012,Series 2015 Dated/Delivery Date December 20,2017 Decem ber 20,2017 Total GGU Par Amount(Refinanced) 41,040,000 41,090,000 Total Aggregated Par Amount(GGU +County Senior Debt) 109,969,968 110,019,968 True Interest Cost(%) 2.30% 2.55% Net Debt Service Reserve Deposit 2'3 1,491,143 1,541,794 Aggregate Average Annual Debt Service 8,169,051 8,209,571 Aggregate Maximum Annual Debt Service 10,662,700 10,716,723 Net Revenues of the County WSD(2016 CAFR)4 40,982,058 40,982,058 Debt Service Coverage(125% Required) 384% 382% Final Maturity July 1,2029 July 1,2029 (1)Assumes that cash is used to defease portions of GGU debt (2)Golden Gate Utility's Series 2010 Bonds have a cash reserve of$631,500 that can be contributed to the County's reserve I (3)All reserve deposits w ill be funded by bond proceeds (4)Net Revenues in calculation do not include impact fees of approximately$13.6M in FY 2016. Savings Cha Current Market Current Market+25 Year(FY) • Savings Cash Flow Savings Cash Flow 2018 ($340,000) ($385,000) 2019-2022 (880,000) (950,000) 2023-2028 (2,080,000) (2,145,000) 2029 (700 000) (750.000) 2030-2035 2,765,000 2,765,000 2036-2040 1,480,000 1,480,000 Total Gross Savings ($) 8,690,000 7,960,000 Net Present Value Savings($) 3,397,000 2,375,000 Net Present Value Savings(%) 9.72% 6.80% U (J) CNO 00) - M (0 O V' N p(0 (0 It) W 0 O W It) 0 t1 N C U M N co r uo O O M CO~ Cl) N N et et eit> t co et et CU N C ti 0) M M N 0 CO N CO 0 0 0 V V et '7 Nt Cn s- (00 0 0 O 6 to U) M N- 1` N- N r 2' O u) N N N N U) 0000 (0 F Nco V co M NNppCOCO co 0O co Cr CO M CO CO CO O) r N- CO M +4 ,eCO m CIO T O 1`. 00 h r to O N g� 0 (0Co0) 0) 0) M � 0) M O '2 N N C r N- N N N N CO O U) 0) N 'O , t1 ( 6666666664- e4 e- 0) S J r r r r U)• 0US C,) it %-- Nr0) ,INTMa00 .4p. 0000 1.0 co m O U r� CA N r M 0 O) (p r A N M O M N r = � C200rNr - 00 - 00 (0o dM � Nr w O0 - r - et 0 0 0 0 0 0 Cedt r N az W w Oi O O O O ti N� N ti r- r h N� r� r- 0 -1-+ .r- ,-- ,- r r m O SP 15 mgr 6 F2w r 0000U) 0U) 0t 00 a et C O e- N CO N N r N U O = r' erm tr) M M m m N oD 3 = C t((opp W r N o o o r o 00 o (Ny O) U OO coo et M etCOO 0 COO CO o co N M (2 V• e 7 N m C CV m m m M et et etet C et M i6 et C m C (C6 ) N 3 to WE a) F c'= 0) 0000000000000000000 O To d 0 to to to W U) to to w W W 0 0 0 0 0 0 0 0 O O Z O 0 N N N N N N N N N N N N U) O O to to 0 U) O W V C U) U rO N 0 0 0 0 0 0 0 0 0 0 0 7t 7 7t Nt ol 7t 7t I N N 0 a L N et ,' V d et c e' '7 d- et ctV' vv _Se L_ N O N N N N N N N N tV N N r N- r N- r- ti r- N - CO a Q rc 8 o m 00 I v Ce c Z ' E 0 r O ,E N P to M U) M CO M M d O) 0) tl) e- N r7! i r 0 o ,--.1- CO r ✓ 'Sti: V- C= r to of O N W u N � g88 o ✓ a w Y N N N N 6 W C N W = • m W F- 2 m m W cN N N N 0) O C CO r CO W m r t0 t- 1- I-- 6 0 Q 07) N J Y a of et co ue CD N Y r r r r 6 W C C6 CD ) m CD 4 N COO) O r N M V to CO N - C0 O) 0 r N M et U) CO N- CO 0) 0 r r N N N N N N N N N N CY) Cy) M M M M M M M W 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 CD 16 J N N N N N N N N N N N N N N N N N N N N N N N YO • E a CO CN d C N T N n CO to M r N M n r 0000000 M M O (O M O) n O) e� CO M M CO 0 0 0 0 0 0 0 n o W O) M CO N CC) N r CO V Q) Q) to U) O O to to O to T C U COO N C N CIDO N- O ,- Locp ai M smV m e:: (V (O C) N c n CO V M OO CO Cr) n r (D V V V N 2- l000OOtotntriMN .- M nn nnn � � tN 15 U N N N N N . . . . . . r r g�7 N O N 69 2 m o 15 t0 - mi N CO N O N O (O O N CO CO U c _ C(pp r �. m CO CO Cr) O N c6 n COrt1i n O N CO 3 O C v N O (D 0) 0) ) M N (e) Q) M r n N N n n n N (O O to O) N m N m N r O O C] CO CO ai-CO (O to V N mw C J r r T r 3 = "a tR w C N w .0 0 c. W .013 CO 0) N t[) CO M M to CO M to M O O O O O O O to W CO n td) M (O r VM ro,10- p p N V V COCOM NWT-.- CO O ton Cl) O U) ' . CO L NO m N .0 U N (V O C7 V (n V ,- O r- to CO M Oi ,- tT (•i N .- M O) O) CO N o n n n n n T ��]}, 4- M N to N (1) c - .- tn000000n V V v v Qo0) 4 = n (/ rnoooor� N r : RNtri mpm r rTr to c 0 m 1- o to .. a 8'WW2 N x = +r .N m ` CO Q M M Cl)n nO Oo M MT to CO M o M ED 0nMV0 ) 1- mN00U) V V) V 3 M � OSo osD r 60 IZ 7 _ NppOI- MCCDCW N nN 005 rvUOV V V V (DWOODON NmN OmOOMCVVVVVVM CON ' J +r G ' N C N MCe N . 11jU WE I W w y A 0000000000000000000 ooooooo O O O 0 0 OQ• O 0d Unnnno ) nU ) Uo NNNNNNNNNNNNt[ OOo1) Ot) 0 o . � . - mvN W t, 0) 0 o OOOOOOOOOoO Y 00 A N m _ C N N N N N N N N N N N r (CD 4 c o 0 m fD 2 U = .2 i. C) te 0 co F- X0 - 2 0 L o 0 N W ar 0 to M to M U) CO M O) ( O to r N .-- o .-- m- CO n W 0 C N J A 1 A 8 NO U _ O U Q 'E w N N N N V CD N T m = e N b4 Cl)w pa min 1- °) m 0 = M-1-1- 0 0) W M V V (D r CD -p r N M 0 O I-4 /0 " 0 .T .1-1. V mNNN O 0 t to _ T r r T tri W .c N t9 C) to 0] 0 Q M 0) 0) O N M V to (D n CO Q) O T N M N to O n CO O) O r +- N N N N N N N N N N M M eM M M M CM M M W O O O O O O O O O O O O O O O O O O O O O O N fU J N N N N N N N N N N N N N N N N N N N N N N N O ill E ~ n n n n n n n n n n n n n n n n n n n n n 0 9 B REPORT TO ADDRESS REQUIREMENTS OF ICHAPTER 125.3401, FLORIDA STATUTES a 1 ,/ ,,,„ linty :: � ACQUISITION OF THE 11 FLORIDA GOVERNMENTAL UTILITY AUTHORITY — GOLDEN GATE UTILITY SYSTEM By COLLIER COUNTY WATER-SEWER DISTRICT FLORIDA i 4 November 7, 2017 Prepared By PRPublic Resources Management Group, Inc. ' AU. (.'ill iix, Rate, financial. and Managerpaerat ('onAultattts 9 REPORT TO ADDRESS REQUIREMENTS OF CHAPTER 125.3401,FLORIDA STATUTES ACQUISITION OF THE FLORIDA GOVERNMENTAL UTILITY AUTHORITY— GOLDEN GATE UTILITY SYSTEM TABLE OF CONTENTS Section No. Title Page No. 1.0 Introduction and Background 1-1 1.1 Introduction 1-1 1.2 Background of Golden Gate System 1-1 1.2 Requirements of Chapter 125.3401, Florida Statutes 1-3 2.0 Income and Expense Statements 2-1 3.0 Balance Sheet 3-1 4.0 Statement of Existing Rate Base 4-1 5.0 Physical Condition of the Utility Facilities 5-1 6.0 Reasonableness of Purchase Price and Terms 6-1 7.0 Impacts of Purchase 7-1 8.0 Additional Investment Required 8-1 9.0 Alternatives to the Purchase 9-1 10.0 Statement of Quality Service 10-1 11.0 Statement of Public Interest 11-1 Appendix A: Executive Summary of Technical Feasibility Report K:\DCI 125-45\Rpt\Chapter 125 Report\Briefing Doc 125 Hearing —1— ' 9 B REPORT TO ADDRESS REQUIREMENTS OF CHAPTER 125.3401, FLORIDA STATUTES ACQUISITION OF THE FLORIDA GOVERNMENTAL UTILITY AUTHORITY— GOLDEN GATE UTILITY SYSTEM LIST OF TABLES Table No. Description 2-1 Available Income and Expense Statement for Golden Gate System— Statement of Revenues, Expenses, and Changes in Net Position per Fiscal Year 2016 Comprehensive Annual Financial Report for FGUA 3-1 Available Balance Sheet for Golden Gate System — Statement of Net Position per Fiscal Year 2016 Comprehensive Annual Financial Report for FGUA 6-1 Development of Time-Adjusted Acquistion Prices 6-2 Development of Implied Purchase Price Based on Time-Adjusted Comparable Sales 7-1 Bill Comparison — Fiscal Year 2017 FGUA Golden Gate System Rates vs. CCWSD Rates K:\DC1125-45\Rpt\Chapter 125 Report\Briefing Doc 125 Hearing -ii- 9 B SECTION 1 INTRODUCTION AND BACKGROUND CAT eT County 9 13 SECTION 1 INTRODUCTION AND BACKGROUND 1.1 INTRODUCTION At the June 27, 2017 meeting of the Board of County Commissioners (the "BOCC") of Collier County (the "County"), the BOCC authorized the staff of the Collier County Water-Sewer District (the "District" or the "CCWSD") to initiate the final due diligence process for the District's acquisition of the Golden Gate water and wastewater utility system (the "Golden Gate System") currently owned and operated by the Florida Governmental Utility Authority ("FGUA"). One of the steps in the process is to hold a public hearing, in accordance with Florida Statutes,to determine if the acquisition is in the public interest. 1.2 BACKGROUND OF GOLDEN GATE SYSTEM General FGUA currently owns and operates the Golden Gate System, which is solely located within unincorporated County in an area west of the City of Naples. The service area of the Golden Gate System occupies approximately four square miles and is comprised primarily of single- family and multi-family residential, light commercial, and undeveloped properties. The majority of the developed properties are single-family homes while the limited commercial development consists of support facilities to the surrounding residents. The Golden Gate System provides service to approximately 3,681 water accounts and 2,303 wastewater accounts. A portion of the service area remains undeveloped (vacant properties) or unserved (private onsite potable water wells and wastewater disposal systems). The Golden Gate water system includes nine raw water supply wells, one water treatment plant incorporating both lime softening and reverse osmosis ("RO") water treatment processes with a total plant capacity of 2.099 million gallons per day ("MGD") expressed on a maximum daily basis, two water storage tanks, nearly 45 miles of water transmission and distribution lines ranging in size from 3/4-inch to 12-inches in diameter, and other appurtenances such as service lines, hydrants, and meters to deliver potable water to the retail water customers served by the FGUA (the "Golden Gate Water System"). The wastewater system includes one wastewater treatment plant with a capacity of 1.80 MGD expressed on a maximum three-contiguous month basis, over 21 miles of gravity sewer lines, 28 lift stations, more than 16 miles of force mains, and other appurtenances such as manholes and sewer laterals (the "Golden Gate Wastewater System"). The rates for the Golden Gate System are currently adopted by the FGUA Board of Directors (the "FGUA Board"). Under the "Interlocal Agreement Relating to the Acquisition of the Golden Gate System" between the FGUA and the CCWSD dated March 1, 1999, the County has the power to review and/or approve rates, fees, and charges relating to the Golden Gate System, but does not have the authority to deny any rates, fees, and charges established by the FGUA Board K:\DC 1125-45\Rpt\Chapter 125 Report\Briefing Doc 125 Hearing 1-1 9 to comply with financial covenants contained in the Trust Indenturelil that authorized the issuance of the existing bonds for the Golden Gate System. The County's Operation and Regulatory Management Division currently collects regulatory fees equal to two-percent (2%) of gross utility revenues from the Golden Gate System. Since the FGUA is a public utility and the FGUA Board supports the acquisition of the Golden Gate System by the County, the ownership transfer is viewed as a cooperative and beneficial venture for both entities as well as residents served by the utility. Accordingly, the County has initiated the acquisition process of the Golden Gate System and has prepared this report in support of such process. Acquisition of the Golden Gate System This transaction would allow for the Golden Gate System to be integrated with the District's existing regional water and wastewater system (the "District System") and would allow the Golden Gate System to be regulated by and to be under the management oversight of the BOCC as part of the overall District System. The transaction is anticipated to provide the following benefits assuming the consolidation of the Golden Gate System into the District System: 1. The County anticipates charging the current District rates to the Golden Gate System customers, which will result in a reduction in the monthly bills for utility service to such customers. The existing Golden Gate System monthly user rates are currently higher than those of the CCWSD. If the County were to acquire the Golden Gate System and charge the CCWSD rates to the Golden Gate System customers, the customers currently served by the Golden Gate System could recognize overall savings of about 25% on their monthly water and wastewater bills (based on a comparison of Fiscal Year 2017 rates) — assuming no change in monthly usage. 2. The recognition of operational synergies and cost savings anticipated to be experienced through the elimination of duplicative costs currently existing with the operation of the individual systems, which, in part, would support the anticipated reduction in Golden Gate System rates for the long-term benefit of the Golden Gate System customers. 3. Any future financing required to meet increasing regulations and capital improvements within the Golden Gate System service area could possibly be secured at lower interest rates given the CCWSD's strong (AAA) credit rating providing for the long-term benefit of the Golden Gate customers. 4. The transaction would allow for the continuity of service (going concern) on a regional basis. Although there would be an immediate reduction in several financial metrics of the CCWSD, the acquisition is not anticipated to have a significant impact on the existing customers currently [11 Represents Indenture of Trust between the Authority and the Trustee, dated as of April 1, 1999, as amended and supplemented from time to time,which authorized the issuance of certain utility revenue bonds by the FGUA for the Golden Gate System to finance the initial acquisition of the System and additional capital improvements(the "Trust Indenture"). K.\DC 1125-45\Rpt\Chapter 125 Report\Briefing Doc 125 Hearing 1-2 9B being served by the District and is not expected to result in a reduction to the credit rating of the CCWSD from a financial standpoint. The transaction should not compromise the ability of the County System net revenues to meet the rate covenants as delineated in Resolution No. CWS-85-5 adopted on July 30, 1985 as amended, restated, and supplemented from time to time (the "Bond Resolution") which authorized the issuance of the outstanding utility revenue bonds for the District System. 1.2 REQUIREMENTS OF CHAPTER 125.3401, FLORIDA STATUTES Any potential utility transaction that results in the transfer of utility ownership from one entity to another is governed by Section 125.3401 of the Florida Statutes that states: 125.3401 Purchase, sale, or privatization of water, sewer, or wastewater reuse utility by county. No county may purchase or sell a water, sewer, or wastewater reuse utility that provides service to the public for compensation, or enter into a wastewater facility privatization contract for a wastewater facility, until the governing body of the county has held a public hearing on the purchase, sale, or wastewater facility privatization contract and made a determination that the purchase, sale, or wastewater facility privatization contract is in the public interest. In determining if the purchase, sale, or wastewater facility privatization contract is in the public interest, the county shall consider, at a minimum, the following: 1. The most recent available income and expense statement for the utility. 2. The most recent available balance sheet for the utility, listing assets and liabilities and clearly showing the amount of contributions-in-aid-of-construction and the accumulated depreciation thereon. 3. A statement of the existing rate base of the utility for regulatory purposes. 4. The physical condition of the utility facilities being purchased, sold, or subject to a wastewater facility privatization contract. 5. The reasonableness of the purchase, sales, or wastewater facility privatization contract price and terms. 6. The impacts of the purchase, sale, or wastewater facility privatization contract on utility customers, both positive and negative. 7. a. Any additional investment required and the ability and willingness of the purchaser, or the private firm under a wastewater facility privatization contract, to make that investment, whether the purchaser is the county or the entity purchasing the utility from the County. b. In the case of a wastewater facility privatization contract, the terms and conditions on which the private firm will provide capital investment and financing or a combination thereof for contemplated capital replacements, additions, expansions, and repairs. The county shall give significant weight to these criteria. K:\DC1125-45apt\Chapter 125 Report\Briefing Doc 125 Hearing 1-3 9 B 8. The alternatives to the purchase, sale, or wastewater facility privatization contract, and the potential impact on utility customers if the purchase, sale, or wastewater facility privatization contract is not made. 9. a. The ability of the purchaser or the private firm under a wastewater facility privatization contract to provide and maintain high-quality and cost-effective utility service, whether the purchaser is the county or the entity purchasing the utility from the County. b. In the case of a wastewater facility privatization contract, the county shall give significant weight to the technical expertise and experience of the private firm in carrying out the obligations specified in the wastewater facility privatization contract. 10. All moneys paid by a private firm to a county pursuant to a wastewater facility privatization contract shall be used for the purpose of reducing or offsetting property taxes, wastewater service rates, or debt reduction or making infrastructure improvements or capital asset expenditures or other public purpose; provided, however, nothing herein shall preclude the county from using all or part of the moneys for the purpose of the county's qualification for relief from the repayment of federal grant awards associated with the wastewater system as may be required by federal law or regulation. The county shall prepare a statement showing that the purchase, sale or wastewater facility privatization contract is in the public interest, including a summary of the purchaser's experience in water, sewer and wastewater reuse utility operation and a showing of the financial ability to provide the service, whether the purchaser is the county or the entity purchasing the utility from the county. The remainder of this document provides a summary of the above considerations. (Remainder of page intentionally left blank) K:\DC 1125-45\Rpt\Chapter 125 Report\Briefing Doc 125 Hearing 1-4 9 B SECTION 2 INCOME AND EXPENSE STATEMENTS Ca Cou.nty 9B SECTION 2 INCOME AND EXPENSE STATEMENTS 125.3401(1) The most recent available income and expense statement for the Utility. The most recent income and expense statement for the Golden Gate System is contained in the FGUA's Comprehensive Annual Financial Report for the Fiscal Year ending September 30, 2016 (the most recently completed and audited fiscal year for the Golden Gate System) and is contained at the end of this section as Table 2-1: Statement of Revenues, Expenses, and Changes in Net Position. The most recent historical operating results were considered by the County in its evaluation of the Golden Gate System. As can be seen in Table 2-1, the current revenues of the Golden Gate System, which are based on the existing Golden Gate System rates, are sufficient to i) fund the reported or identified operating expenses of such system; and ii) produce Net Revenues that provide for a strong debt coverage ratio and provide funds for additional capital reinvestment. (Remainder of page intentionally left blank) K:\DC 1125-45\Rpt\Chapter 125 Report\Bne£mg Doc 125 Hearing 2-1 96 TABLE 2-1 FLORIDA GOVERNMENTAL UTILITY AUTHORITY STATEMENT OF REVENUES,EXPENSES,AND CHANGES IN NET POSITION FOR THE YEAR ENDED SEPTEMBER 30,2016 Golden Gate Utility System Operating Revenues: Water and Wastewater Revenues $7,683,446 Other Operating Revenues 247,559 Total Operating Revenues $7,931,005 Operating Expenses: Operating and Management Services $2,575,174 Other Operating Expenses 420,278 Depreciation and Amortization 2,007,727 Total Operating Expenses $5,003,179 Operating Income $2,927,826 Non-Operating Revenues(Expenses): Investment Income $15,131 Miscellaneous Income 6,260 Build America Bond Interest Subsidies - Operating Grants - Interest Expense (1,402,480) Debt Issuance Costs (23,410) Total Non-Operating Revenues(Expenses) ($1,404,499) Income(Loss)before Capital Contributions $1,523,327 Capital Contributions: Capital Grants $- Recoverable Portion of System Purchase Price - Impact Fees and Developer Contributions 154,468 Total Capital Contributions $154,468 Increase(Decrease)in Net Position $1,677,795 Net Position,Beginning of Year $1,398,144 Net Position,End of Year $3,075,939 Supplemental Information: 1. Net Revenues(without Impact Fees) $4,956,944 Net Revenue Margin 62.3% • 2. Annual Debt Service—Senior Debt $2,523,763 Debt Service Coverage—Senior Debt 1.96 Annual Debt Service—All Debt $2,760,240 Debt Service Coverage—All Debt 1.80 The accompanying notes to financial statements included in the FGUA Comprehensive Annual Financial Report are an integral part of this statement. 1:3 SECTION 3 BALANCE SHEET CAT County 9B SECTION 3 BALANCE SHEET 125.3401(2) The most recent available balance sheet for the utility, listing assets and liabilities and clearly showing the amount of contributions-in-aid-of-construction and accumulated depreciation thereon. The most recent balance sheet for the Golden Gate System is contained in the FGUA's Comprehensive Annual Financial Report for the Fiscal Year ending September 30, 2016 (the most recently completed and audited fiscal year for the Golden Gate System) and is contained at the end of this section as Table 3-1: Statement of Net Position. The most recent historical operating results were considered by the County in its evaluation of the System. As can be seen in Table 3-1, the original gross utility plant investment based on the original cost of when such plant was placed into service or incurred as part of the construction of asset additions was reported by the FGUA to be $47,602,118 for the Golden Gate System (includes $46,716,195 in utility plant plus utility land or property of$500,040 and $385,883 in construction in progress for projects that were currently underway during the Fiscal Year 2016). The net plant in service (total gross utility plant less accumulated depreciation of$22,558,111) as reported by the FGUA for the Fiscal Year 2016 was $25,044,007. It should be noted that the estimated net replacement cost of the utility plant-in-service (predicated on today's construction cost values) is expected to be higher than the original installed costs of such facilities. In order to finance the original acquisition of the Golden Gate System in 1999 by the FGUA and to construct additional improvements, replacements, and betterments to the Golden Gate System, the FGUA has issued senior and subordinate lien debt. The senior lien debt represents indebtedness issued pursuant to the Trust Indenture (reference Section 1) which has a first lien pledge on the Net Revenues (Gross Revenues less the payment of Operating Expenses) and Connection (Impact) Fees of the Golden Gate System and the subordinate lien debt consists of low interest Drinking Water and Clean Water State Revolving Fund loans administered through the Florida Department of Environmental Protection and a Loan Agreement with SunTrust Equipment Finance & Leasing Corp. As reported in the Fiscal Year 2016 Comprehensive Annual Financial Report for the FGUA, the total bonds and notes payable as of September 30, 2016 was $39,871,983 and as of September 1, 2017 the total bonds and notes payable is estimated to be $38,658,753 (reference Section 6 for a summary of the outstanding debt). Upon acquisition of the Golden Gate System by the County, and in accordance with the "Interlocal Agreement Relating to the Acquisition of the Golden Gate System" between the FGUA and the CCWSD dated March 1, 1999, the Golden Gate System's outstanding debt and any additional obligations of the FGUA as it relates to the Golden Gate System will either be repaid as part of the terms of the acquisition or may be assumed by the County (no longer a liability of the FGUA) and become a debt of the District System. (Remainder of page intentionally left blank) K\DC1125-45\Rpt\Chapter 125 Report\Briefing Doc 125 Hearing 3-1 9B TABLE 3-1 FLORIDA GOVERNMENTAL UTILITY AUTHORITY STATEMENT OF NET POSITION SEPTEMBER 30,2016 Golden Gate Utility System Assets: Current Assets Cash and Cash Equivalents $6,797,569 Restricted Assets: Cash and Cash Equivalents 1,838,640 Bonds Receivable - Interest Receivable - Accounts Receivable,Net 1,166,278 Due from Other Governments - Prepaid Items 224,819 Total Current Assets $10,027,306 Non-Current Assets Restricted Assets: Cash and Cash Equivalents $4,519,136 Investments - Bonds Receivable - Special Assessment Receivable - Intangible Right-of-Use Agreement - Land 500,040 Utility Plant 46,716,195 Construction-in-Process 385,883 Accumulated Depreciation (22,558,111) Excess of Cost Over Fair Value of Acquired Assets,Net 5,654,054 Total Non-Current Assets $35,217,197 Total Assets $45,244,503 Deferred Outflows of Resources: Deferred Loss on Bond Refunding $362,407 Liabilities: Current Liabilities Accounts Payable $443,130 Customer Deposits 590,373 Liabilities Payable from Current Restricted Assets: Accounts Payable 236,760 Interest Payable 388,650 Current Portion of Long-Term Debt 1,213,230 Total Current Liabilities $2,872,143 Non-Current Liabilities Non-Current Portion of Long-Term Debt $39,658,828 Total Liabilities $42,530,971 Table continued on following page. 9 B TABLE 3-1 (cont'd.) FLORIDA GOVERNMENTAL UTILITY AUTHORITY STATEMENT OF NET POSITION SEPTEMBER 30,2016 Golden Gate Utility System Net Position: Net Investment in Capital Assets ($7,311,519) Restricted for: Capital Projects 2,285,134 Debt Service 947,161 Unrestricted 7,155,163 Total Net Position $3,075,939 The accompanying notes to financial statements included in the FGUA Comprehensive Annual Financial Report are an integral part of this statement. 9B SECTION 4 STA TEMENT OF EXISTING RATE BASE Co ey County 98 SECTION 4 STATEMENT OF EXISTING RATE BASE 125.3401(3) A statement of the existing rate base of the utility for regulatory purposes. Generally speaking, the rate base of a utility company represents the depreciated cost to the utility company of the plant and facilities financed by the owners of the utility, which is used to provide utility service to the public. Specifically, the rate base of a utility includes gross plant in service, less accumulated depreciation and net contributed capital and/or plant, an allowance for working capital, materials and supplies inventory, and certain other financial considerations. The concept of rate base essentially deals with the establishment of rates for a privately-owned utility. Since the FGUA is a publically-owned, not-for-profit entity, rate base calculations for the Golden Gate System are not readily applicable. However, since the concept of rate base links to utility plant-in-service, reference is made to Section 3, which provides a discussion of the Golden Gate System net utility plant-in-service. (Remainder of page intentionally left blank) K:\DC 1125-45\Rpt\Chapter 125 Report\Briefing Doc 125 Hearing 4-1 9 B SECTION 5 PHYSICAL CONDITION OF THE UTILITY FACILITIES Co er County 9 6 SECTION 5 PHYSICAL CONDITION OF THE UTILITY FACILITIES 125.3401(4) The physical condition of the utility facilities being purchased or sold. The County retained an engineering firm, Stantec Consulting Services, Inc. ("Stantec"), to evaluate the technical feasibility of the County's acquisition of the FGUA Golden Gate System and identify/ evaluate opportunities to: i) address safe and reliable drinking water and wastewater service delivery; ii)provide water service to residents at best value rates; iii)make a long-term investment improving viability in the Golden Gate System; and iv)provide a long- term strategy to address environmental impacts. Based on their review of available information (e.g., available reports, permits, operational data) and on-site inspections of the water and wastewater treatment facilities, findings and conclusions are presented in the "Technical Feasibility Study for Acquisition of FGUA Water and Wastewater Assets in Golden Gate" (the "Technical Feasibility Study") report dated June 13, 2017. A copy of the executive summary for the Technical Feasibility Study is included in Appendix A of this report. At the request of the County, AECOM Technical Services, Inc. ("AECOM") as the consulting engineer for the District's master plan is currently performing due diligence activities to evaluate and document the physical condition of the FGUA treatment facilities and the capacity of the facilities to provide safe and reliable potable water and wastewater service to meet existing and future customer needs. As a part of this effort, AECOM reviewed existing engineering and operational reports to gain an understanding of the condition and regulatory compliance of the potable water and wastewater facilities. In addition, interviews with FGUA and CCWSD operational staff and due diligence site inspections of the FGUA Golden Gate Utility System potable water and wastewater treatment facilities were completed. A brief summary of the findings from the due diligence site inspections is provided below. AECOM is in general agreement with the conclusions and findings presented in the "Technical Feasibility Study for Acquisition of FGUA Water and Wastewater Assets in Golden Gate" report,which are summarized as follows: I. The existing wastewater treatment plant is in good condition and limited short-term improvements are needed to maintain wastewater service to existing customers. Improvements were made recently to the following components of the wastewater treatment plant: a. In June 2016, a flow metering device designed to accurately measure the flow from the effluent pump station to the percolation ponds was installed as directed by the Florida Department of Environmental Protection ("FDEP"). b. In June 2017, repairs (cleaning and coating) to address corrosion at the facility (including digester steel tanks in package plant 1) were completed to be in compliance with FDEP regulations. K:\DC1125-45\Rpt\Chapter 125 Report\Briefing Doc 125 Hearing 5-1 9B c. In August 2017, two (2) new positive displacement blowers and associated piping were installed to service the aeration units. d. In September 2017, deep injection well system improvements including a 250 kilowatt generator and deep injection well pad were installed. 2. The existing wastewater collection system is in good condition. Pump station rehabilitations are recommended for long term use to meet the Collier County Water-Sewer District standards. Future expansion of the wastewater collection system to areas presently served by private onsite wastewater treatment systems is recommended to be evaluated. 3. The existing lime softening water treatment facility is in poor condition and further evaluation of the structural integrity of the existing tankage is required, should it be retained in service. The existing reverse osmosis treatment facility is in generally good condition. However, raw water improvements are needed to increase the efficiency of the membrane filters. The source water for the plant has elevated concentrations of dissolved iron and organics causing reverse osmosis ("RO") membrane filter fouling issues. Poor water quality leads to increased maintenance and inefficient operation. Therefore, the raw water wells are currently being refurbished to address issues related to dissolved iron and organics. 4. The existing water distribution system is in need of upgrades to address areas where frequent water main breaks are occurring, which are considered to be a result of improper construction methods at the time original development. This will require additional capital investment to improve the condition of the water distribution system. A meter replacement program has been completed recently and Automated Metering Infrastructure ("AMI") installation is currently underway. The County's preliminary plan based on the findings discussed above is to decommission the water treatment plant facilities and interconnect the Golden Gate potable water system with the CCWSD potable water system shortly after acquisition and to remove both the reverse osmosis and lime softening plants from service, with a goal of providing safe drinking water and adequate fire protection (fire hydrants) throughout the service area. Additionally, the County plans to continue to perform ongoing renewals and replacements (capital re-investment) on the water distribution system in a systematic manner to improve the overall long-term service capability. The County's plan based on the findings discussed above is to continue the operation of the Golden Gate wastewater treatment and collection systems in the near-term. K:\DCI125-45\Rpt\Chapter 125 Report\Briefing Doc 125 Hearing 5-2 9B SECTION 6 REASONABLENESS OF PURCHASE PRICE AND TERMS Co e'r County ' 9B SECTION 6 REASONABLENESS OF PURCHASE PRICE AND TERMS 125.3401(5) The reasonableness ofpurchase or sales price and terms. Based on the review of the utility assets and utility service area (customers and revenues) which would convey to the District from the FGUA as a result of the transaction, and the proposed acquisition payment terms as previously established by agreement between the District and the FGUA, the County is of the general opinion of the following: 1. In accordance with the "Interlocal Agreement Relating to the Acquisition of the Golden Gate System" between the FGUA and the CCWSD dated March 1, 1999 (the "Acquisition Agreement"), the CCWSD may acquire the Golden Gate System for a purchase price equal to the amount required to repay the Golden Gate System's outstanding bonds and any additional obligations of the FGUA. The CCWSD must also pay a pro-rata share of all reasonable and verifiable expenses associated with the transfer of the Golden Gate System by the FGUA to the CCWSD. As of October 1, 2017, the outstanding aggregate principal amount of debt for the Golden Gate System is anticipated to total $38,658,753, consisting of: • Utility Refunding Revenue Bonds, Series 2010 Bonds, outstanding principal amount of$6,315,000; • Utility Refunding Revenue Bonds, Series 2012 Bonds, outstanding principal amount of$16,040,000; • Utility Refunding Revenue Bonds, Series 2015 Bonds, outstanding principal amount of$12,605,000; • Clean Water State Revolving Fund Loan — Loan Agreement CS12090902P, outstanding principal amount of$656,137; • Drinking Water State Revolving Fund Loan — Loan Agreement DW1127010, outstanding principal amount of$777,516; and • SunTrust Equipment Finance & Leasing Corp. loan pursuant to a Guaranteed Energy, Water and Wastewater Performance Savings Contract with Siemens, outstanding principal amount of$2,265,100. Upon acquisition, the outstanding aggregate principal amount of bonds on the day of the Golden Gate System transfer will be determined and may be slightly different from the amount indicated above. 2. All cash balances remaining after the payment of any liabilities (not associated with the outstanding utility debt shown above) will be transferred to the County. Based on financial K:\DCI125-45\Rpt\Chapter 125 Report\Briefing Doc 125 Hearing 6-1 9B information provided by the FGUA and in support of the financial statements reported in the Fiscal Year 2106 FGUA Comprehensive Annual Financial Report, the total amount of cash and cash equivalents was $13,155,345 (reference Table 3-1 in Section 3) of which the estimated amount of unrestricted funds (funds available for any system purpose, not restricted to payment of debt service, specific capital projects, or customer deposits) was $6,205,853. Additionally, it is estimated that there are $2,285,135 in net capital-related funds (the Renewal and Replacement Fund and the Water and Wastewater Connection Fee Funds) that may be available for the financing of future capital projects. There is a debt service reserve established for the Utility Refunding Revenue Bonds, Series 2010 Bonds in the amount of $631,782, which is anticipated to be available to be applied towards the financing of the cost of the acquisition by the District. Finally, as of September 30, 2016, there were unspent bond proceeds, which would be available to be applied towards the repayment of the outstanding Golden Gate System the financing of the cost of the acquisition by the District or that may be applied to the financing of capital projects in the amount of$335,015. The net immediate financial cost associated with the acquisition to the County is estimated at $29,500,968 as shown below: Amount Total Estimated Bonds Outstanding $38,658,753 Plus:Allowance for Transition Costs 300,000 Less:Estimated Fund Deposit Transfers: Unrestricted Reserves/Rate Stabilization Fund ($6,205,853) Renewal&Replacement/Connection Fee Funds (2,285,135) Series 2010 Bonds—Debt Service Reserve Fund (631,782) Series 2010 Bonds—Construction Fund (335,015) Net Amount of Transaction $29,500,968 Net Utility Plant Investment(9/30/2016)(Section 3) $25,044,007 As can be seen above, the net amount of the transaction approximates the net utility plant in service (original installed cost), a fact which promotes the reasonableness of the transaction. In order to evaluate the reasonableness of the purchase price, a comparison of the sale price per net utility plant investment for this transaction with a survey of 42 other transactions for which information was readily available to PRMG was performed and is included in Tables 6-1 and 6-2 at the end of this section. The purchase price was considered comparable to the average price paid per net utility plant investment for the transactions surveyed as shown below. (Remainder of page intentionally left blank) K:\DC 1125-45\Rpt\Chapter 125 Report\Briefng Doc 125 Hearing 6-2 9 B Amount Total Estimated Bonds Outstanding $38,658,753 Net Amount of Transaction $29,500,968 Comparable Sales Analysis: Net Amount of Transaction $29,500,968 Average Price to Net Investment Ratio of Surveyed Utilities[*] 136.10% Implied Price Based on Net Investment[*] $40,151,405 [*] Amount derived from the average Price to Net Investment Ratio based on a survey of 42 other transactions as shown in Table 6-2 at the end of this section. Since the purchase price is specified in the Acquisition Agreement between two publicly-owned, not-for-profit entities and essentially represents the assumption of Golden Gate System debt liability by the County (essentially is for assets in service) which, when recognizing the available funds that would be transferred to the County, approaches the reported net utility plant investment of the Golden Gate System, the County considers the purchase price to be reasonable. (Remainder of page intentionally left blank) K:ADCI125-45\RptVChapter 125 Report\Briefing Doc 125 Hearing 6-3 CO 00 O N 0 0 N M 4.1 N N D, N N t` N 00 en 10 0o en O 0 7 .. N N N. N - 0 00 N e.O N va W O t` O O n N 00N R N N 10 -- 0 O y0 O' V. 10 00 m fV Oi N O 00 N M f0 U .-. O\ N 01 N V1 00 V1 N en 00 00 N N O V .0 en en 7 00 N 0 M n N --. 00 `0 10 01 er Vl N O Q fY f,. d9 N 7 N om-. 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There are numerous positive impacts on the utility customers resulting from the acquisition of the water and wastewater utility assets of the Golden Gate System by the District, which are summarized as follows: 1. The Golden Gate System under District ownership will become a part of a large regional utility system. Correspondingly, the ability to finance ongoing infrastructure re-investment needs, the ability to meet increasing regulations on the cost of providing service, and the overall consistency in the management of utility systems located in unincorporated Collier County should result in long-term benefits to the Golden Gate System ratepayers. Additionally, over time the Golden Gate System will receive benefit associated with lower unit costs for utility service (operations and financing of capital needs) due to the overall economies of scale that generally result for regional utilities such as the County (ability to allocate costs over a large customer base, etc.). 2. It is anticipated by the County that upon the acquisition of the Golden Gate System, the rates for monthly utility service will be adjusted to be consistent with the current District rates. The current District rates for both water and wastewater service are lower than the current Golden Gate System rates which will result in a positive impact in the form of rate relief for the existing Golden Gate System customers. Depending on the directions of the Board of County Commissioners, the benefits received by the Golden Gate customers could be significant. Approximately 89%of Golden Gate System water customers and 87% of wastewater customers are classified as residential customers who receive service through a 5/8-inch meter (the smallest meter size in service, which is typically used for providing service to individually-metered single-family residential service customers). Table 7-1 at the end of this section presents a bill comparison of the current Golden Gate System rates to the current CCWSD rates at different usage levels. The combined monthly residential water and wastewater bill comparison as shown on Table 7-1 represents rates as of August 2017 and is summarized on a consolidated basis in the table below: (Remainder of page intentionally left blank) K:\DC1125-05\Rpt\Chapter 125 Report\Briefing Doc 125 Hearing 7-1 r 9 E Combined Monthly Residential Bill- Fiscal Year 2017 FGUA Golden Gate System Rates to CCWSD Rates [*] Monthly Bill Under Bill Under Change %of Bills Use(Gal.) FGUA Rates CCWSD Rates Amount % Rendered _ 0 $63.33 $53.56 ($9.77) -15.4% 4.6% 1,000 76.70 61.03 (15.67) -20.4% 9.8% 2,000 90.07 68.50 (21.57) -23.9% 19.8% 3,000 103.44 75.97 (27.47) -26.6% 33.0% 4,000 116.81 83.44 (33.37) -28.6% 47.4% 5,000 130.18 90.91 (39.27) -30.2% 61.0% 6,000 143.55 99.85 (43.70) -30.4% 72.0% 7,000 150.37 108.79 (41.58) -27.7% 80.1% 8,000 157.19 117.73 (39.46) -25.1% 86.0% 9,000 164.01 126.67 (37.34) -22.8% 90.0% 10,000 170.83 135.61 (35.22) -20.6% 92.6% 11,000 178.59 145.99 (32.60) -18.3% 94.4% 12,000 186.35 156.37 (29.98) -16.1% 95.7% 13,000 194.11 166.75 (27.36) -14.1% 96.7% 14,000 201.87 177.13 (24.74) -12.3% 97.4% 15,000 209.63 187.51 (22.12) -10.6% 97.9% 16,000 217.39 193.33 (24.06) -11.1% 98.3% 17,000 225.15 199.15 (26.00) -11.5% 98.6% 18,000 232.91 204.97 (27.94) -12.0% 98.9% 19,000 240.67 210.79 (29.88) -12.4% 99.1% 20,000 248.43 216.61 (31.82) -12.8% 99.2% =Estimated Average Residential Water Usage for single-family residential customer in the FGUA Golden Gate System service area. i*] Amounts derived from Table 7-1;reflects residential service on a combined water and wastewater utility service basis. 3. Another positive impact of the County's acquiring the Golden Gate System relates to the County's plans for capital investment in the Golden Gate System. As discussed in further detail in Section 8 of this report, the CCWSD plans to interconnect the Golden Gate water system to the CCWSD's regional potable water system with a goal of: i) removing water treatment facilities from service to provide for improved water resource management and delivery and the overall regionalization of water service; and ii)providing 100% fire hydrant coverage to greater than 90% of residences in the primary Golden Gate System service area. A longer-term goal (within 10 to 20 years after acquisition) is to i) make the necessary investments to extend regional wastewater service to residences and commercial properties currently being served by on-site disposal systems (i.e., septic tanks) to promote the long-term environmental needs of the County and to assure that all wastewater customers have access to the treatment and disposal needs that meets the then effective regulations; and ii) interconnect the wastewater systems as the Golden Gate System wastewater treatment facility begins to reach their estimated useful service life. 4. Management policies would be more beneficial to the Golden Gate System under District ownership since there will be common and consistent construction standards, extension policies, fees for new development, customer service and accounting policies, and other standards applied to new and existing customers of the Golden Gate System (all policies and fees will be consistent with other County policies and fees). K.\DC 1125-45\Rpt\Chapter 125 Report\Briefing Doc 125 Hearing 7-2 9 B 5. Do to the regional nature of the District System and the more favorable ability to finance utility infrastructure, the District should be able to better control and correct any current or future regulatory environmental impacts and provide surface, groundwater, and other environmental protection which will promote the public health, safety, and welfare of the public. 6. Customers of the Golden Gate System should receive improved local representation relative to customer service, rate regulatory issues, and overall system operations since those customers will be served and represented by the BOCC. The negative impacts associated with the proposed utility acquisition are the following: 1. A negative impact associated with the proposed utility acquisition is that, as owner of the Golden Gate System, the County will have to assume responsibility for operations and maintenance of the system and ensure that any capital deficiencies are corrected in order to meet County operating standards. The County will be required to assume all the future liabilities involved in ownership of the Golden Gate System, if any, and responsibility for the application of rates and charges. 2. The addition of the Golden Gate System and the attendant additional debt in order to finance the acquisition of such system will have a near-term negative fiscal affect to the current financial position of the District System. Although it is anticipated that there would be a reduction in several financial metrics of the District System (e.g., net revenue margin relationship, debt service coverage, etc.), the acquisition of the Golden Gate System is not anticipated to have a significant impact on the existing customers currently being served by the District or to result in an immediate reduction to the credit rating of the District from a financial standpoint. The transaction will not compromise the ability of the District Net Revenues to meet the rate covenants as delineated in the Bond Resolution which authorized the issuance of the Districts outstanding utility revenue bonds (senior lien). (Remainder of page intentionally left blank) K\DCI 125-45\Rpt\Chapter 125 Report\Briefing Doc 125 Hearing 7-3 Page 1 of 3 Table 7-1 I 9 B Collier County Water-Sewer District Report to Address Requirements of Chapter 125.3401,Florida Statutes Bill Comparison-Fiscal Year 2017 FGUA Golden Gate System Rates vs.CCWSD Rates Approximately 89%of FGUA Golden Gate Water Customers and 87%of Wastewater Customers are 5/8" Meter Residential Customers WATER BILL Line Existing FGUA Golden Gate System Collier County Water-Sewer District No. Monthly Water Rates Monthly Water Rates 1 Base Rate $27.48 Base Rate $21.19 Rate per kgal Rate per kgal 2 0 to 6,000 gallons $6.21 0 to 5,000 gallons $2.91 3 6,001 to 10,000 gallons 6.82 6,000 to 10,000 gallons 4.38 • 4 10,001 to 20,000 gallons 7.76 11,000 to 20,000 gallons 5.82 5 Over 20,000 gallons 9.69 21,000 to 30,000 gallons 7.27 6 31,000 to 50,000 gallons 8.72 7 Over 50,000 gallons 11.62 Existing New Monthly Use Water Monthly Use Water Change %of Bills (gal) Bill (gal) Bill Amount % Rendered 8 0 $27.48 0 $21.19 ($6.29) -22.9% 4.6% 9 1,000 33.69 1,000 24.10 (9.59) -28.5% 9.8% 10 2,000 39.90 2,000 27.01 (12.89) -32.3% 19.8% 11 3,000 46.11 3,000 29.92 (16.19) -35.1% 33.0% 12 4,000 52.32 4,000 32.83 (19.49) -37.3% 47.4% 13 5,000 58.53 5,000 35.74 (22.79) -38.9% 61.0% 14 6,000 64.74 6,000 40.12 (24.62) -38.0% 72.0% 15 7,000 71.56 7,000 44.50 (27.06) -37.8% 80.1% 16 8,000 78.38 8,000 48.88 (29.50) -37.6% 86.0% 17 9,000 85.20 9,000 53.26 (31.94) -37.5% 90.0% 18 10,000 92.02 10,000 57.64 (34.38) -37.4% 92.6% 19 11,000 99.78 11,000 63.46 (36.32) -36.4% 94.4% 20 12,000 107.54 12,000 69.28 (38.26) -35.6% 95.7% 21 13,000 115.30 13,000 75.10 (40.20) -34.9% 96.7% 22 14,000 123.06 14,000 80.92 (42.14) -34.2% 97.4% 23 15,000 130.82 15,000 86.74 (44.08) -33.7% 97.9% 24 16,000 138.58 16,000 92.56 (46.02) -33.2% 98.3% 25 17,000 146.34 17,000 98.38 (47.96) -32.8% 98.6% 26 18,000 154.10 18,000 104.20 (49.90) -32.4% 98.9% 27 19,000 161.86 19,000 110.02 (51.84) -32.0% 99.1% 28 20,000 169.62 20,000 115.84 (53.78) -31.7% 99.2% 29 25,000 218.07 25,000 152.19 (65.88) -30.2% 99.6% 30 30,000 266.52 30,000 188.54 (77.98) -29.3% 99.7% 31 35,000 314.97 35,000 232.14 (82.83) -26.3% 99.8% 32 40,000 363.42 40,000 275.74 (87.68) -24.1% 99.9% 33 45,000 411.87 45,000 319.34 (92.53) -22.5% 99.9% 34 50,000 460.32 50,000 362.94 (97.38) -21.2% 99.9% 9/18/2017;2:52 PM Page 2 of 3 Table 7-1 I 9 V Collier County Water-Sewer District Report to Address Requirements of Chapter 125.3401,Florida Statutes Bill Comparison-Fiscal Year 2017 FGUA Golden Gate System Rates vs.CCWSD Rates Approximately 89%of FGUA Golden Gate Water Customers and 87%of Wastewater Customers are 5/8"Meter Residential Customers WASTEWATER BILL Line Existing FGUA Golden Gate System Collier County Water-Sewer District No. Monthly Wastewater Rates Monthly Wastewater Rates 35 Base Rate $35.85 Base Rate $32.37 Rate per kgal Rate per kgal 36 All Billed Consumption $7.16 All Billed Consumption $4.56 (capped at 6,000 gallons) (capped at 15,000 gallons) Existing New Monthly Use Wastewater Monthly Use Wastewater Change %of Bills (gal) Bill (gal) Bill Amount % Rendered 37 0 $35.85 0 $32.37 ($3.48) -9.7% 4.6% 38 1,000 43.01 1,000 36.93 (6.08) -14.1% 9.8% 39 2,000 50.17 2,000 41.49 (8.68) -17.3% 19.8% 40 3,000 57.33 3,000 46.05 (11.28) -19.7% 33.0% 41 4,000 64.49 4,000 50.61 (13.88) -21.5% 47.4% 42 5,000 71.65 5,000 55.17 (16.48) -23.0% 61.0% 43 6,000 78.81 6,000 59.73 (19.08) -24.2% 72.0% 44 7,000 78.81 7,000 64.29 (14.52) -18.4% 80.1% 45 8,000 78.81 8,000 68.85 (9.96) -12.6% 86.0% 46 9,000 78.81 9,000 73.41 (5.40) -6.9% 90.0% 47 10,000 78.81 10,000 77.97 (0.84) -1.1% 92.6% 48 11,000 78.81 11,000 82.53 3.72 4.7% 94.4% 49 12,000 78.81 12,000 87.09 8.28 10.5% 95.7% 50 13,000 78.81 13,000 91.65 12.84 16.3% 96.7% 51 14,000 78.81 14,000 96.21 17.40 22.1% 97.4% 52 15,000 78.81 15,000 100.77 21.96 27.9% 97.9% 53 16,000 78.81 16,000 100.77 21.96 27.9% 98.3% 54 17,000 78.81 17,000 100.77 21.96 27.9% 98.6% 55 18,000 78.81 18,000 100.77 21.96 27.9% 98.9% 56 19,000 78.81 19,000 100.77 21.96 27.9% 99.1% 57 20,000 78.81 20,000 100.77 21.96 27.9% 99.2% 58 25,000 78.81 25,000 100.77 21.96 27.9% 99.6% 59 30,000 78.81 30,000 100.77 21.96 27.9% 99.7% 60 35,000 78.81 35,000 100.77 21.96 27.9% 99.8% 61 40,000 78.81 40,000 100.77 21.96 27.9% 99.9% 62 45,000 78.81 45,000 100.77 21.96 27.9% 99.9% 63 50,000 78.81 50,000 100.77 21.96 27.9% 99.9% 9/18/2017;2:52 PM Page 3 of 3 Table 7-1 9 B Collier County Water-Sewer District Report to Address Requirements of Chapter 125.3401,Florida Statutes Bill Comparison-Fiscal Year 2017 FGUA Golden Gate System Rates vs.CCWSD Rates Approximately 89%of FGUA Golden Gate Water Customers and 87%of Wastewater Customers are 5/8" Meter Residential Customers COMBINED BILL Existing New Line Monthly Use Combined Monthly Use Combined Change %of Bills No. (gal) Bill (gal) Bill Amount % Rendered 64 0 $63.33 0 $53.56 ($9.77) -15.4% 4.6% 65 1,000 76.70 1,000 61.03 (15.67) -20.4% 9.8% 66 2,000 90.07 2,000 68.50 (21.57) -23.9% 19.8% 67 3,000 103.44 3,000 75.97 (27.47) -26.6% 33.0% 68 4,000 116.81 4,000 83.44 (33.37) -28.6% 47.4% 69 5,000 130.18 5,000 90.91 (39.27) -30.2% 61.0% 70 6,000 143.55 6,000 99.85 (43.70) -30.4% 72.0% 71 7,000 150.37 7,000 108.79 (41.58) -27.7% 80.1% 72 8,000 157.19 8,000 117.73 (39.46) -25.1% 86.0% 73 9,000 164.01 9,000 126.67 (37.34) -22.8% 90.0% 74 10,000 170.83 10,000 135.61 (35.22) -20.6% 92.6% 75 11,000 178.59 11,000 145.99 (32.60) -18.3% 94.4% 76 12,000 186.35 12,000 156.37 (29.98) -16.1% 95.7% 77 13,000 194.11 13,000 166.75 (27.36) -14.1% 96.7% 78 14,000 201.87 14,000 177.13 (24.74) -12.3% 97.4% 79 15,000 209.63 15,000 187.51 (22.12) -10.6% 97.9% 80 16,000 217.39 16,000 193.33 (24.06) -11.1% 98.3% 81 17,000 225.15 17,000 199.15 (26.00) -11.5% 98.6% 82 18,000 232.91 18,000 204.97 (27.94) -12.0% 98.9% 83 19,000 240.67 19,000 210.79 (29.88) -12.4% 99.1% 84 20,000 248.43 20,000 216.61 (31.82) -12.8% 99.2% 85 25,000 296.88 25,000 252.96 (43.92) -14.8% 99.6% 86 30,000 345.33 30,000 289.31 (56.02) -16.2% 99.7% 87 35,000 393.78 35,000 332.91 (60.87) -15.5% 99.8% 88 40,000 442.23 40,000 376.51 (65.72) -14.9% 99.9% 89 45,000 490.68 45,000 420.11 (70.57) -14.4% 99.9% 90 50,000 539.13 50,000 463.71 (75.42) -14.0% 99.9% 9/18/2017;2:52 PM 9B SECTION 8 ADDITIONAL, INVESTMENT REQUIRED Co er County B SECTION 8 ADDITIONAL INVESTMENT REQUIRED 125.3401(7) Any additional investment required and the ability and willingness of the County to make that investment. As documented in Section 5 regarding the current physical condition of the Golden Gate System, it was determined that the wastewater treatment facility and collection system are in generally good condition. However, continued capital investment is required to maintain the wastewater treatment facilities and the collection system. Initial upgrades were recommended in the Technical Feasibility Study report dated June 13, 2017. The Technical Feasibility Study includes the following near-term improvements and evaluations for the wastewater system: Estimated Costs for Golden Gate Wastewater Treatment and Collection System Near-Term Improvements and Evaluations [1] Project Amount Replace Hatches/Handrails and Address Corrosion at Headworks $95,000 Address Corrosion at Facilities 60,000 Repair Pump Mount and Remove Corrosion/Coat Piping at the Deep Injection Well Pump Station 25,000 Evaluate Generator Capacity 10,000 Perform Wastewater Collection System Rehabilitation Study 100,000 Total Cost $290,000 [1] Amounts shown are contained in Technical Feasibility Study report;reference Appendix A at the end of this report for a copy of the executive summary to the Technical Feasibility Study. AECOM concurs with the $190,000 earmarked for near-term wastewater treatment plant upgrades given the recent improvements made. However, it is recommended that the $100,000 identified for Wastewater Collection System Rehabilitation Study be increased so that a Sanitary Sewer Assessment can be completed to identify deficiencies in the collection system and to develop a prioritized list of improvements to be implemented as part of a capital improvement program. The Sanitary Sewer Assessment is recommended to include field investigative work such as television inspection and manhole inspections. Therefore, preliminary costs for this assessment are estimated to be approximately $300,000 to $400,000, which would increase the budget for the Collection System Rehabilitation Study to $400,000. Consequently, the recommended implementation cost for near term improvements is $590,000. AECOM observed that the FGUA potable water distribution system is in need of upgrades. Also, the lime softening water treatment facility is in poor condition, requiring further evaluation of the structural integrity of the existing tankage. The RO system is in need of upgrades to improve efficiencies, which ultimately require refurbishment and expansion of the raw water supplies. Similar observations were noted in the Technical Feasibility Study along with recommended near-term improvements to interconnect the FGUA potable water service area with the CCWSD potable water service area. The interconnection proposed in the Technical Feasibility Study included new piping from the CCWSD potable water main located at the K:\DC1125.45\Rpt\Chapter 125 Report\Briefing Doc 125 Hearing 8-1 9 B intersection of Collier Boulevard and Green Boulevard to the existing FGUA potable water storage tank and booster pump station (located on Green Boulevard), along with the addition of a 2 million-gallon (MG) potable water storage tank and expansion of the existing booster pump station. The Technical Feasibility Study also recommended near-term projects to complete a detailed evaluation of the FGUA Water Treatment Plant, an evaluation of the potable water production well performance, and a water distribution system rehabilitation study. The costs of these near-term improvements are summarized below: Estimated Costs for Golden Gate Water Treatment and Distribution System Near-Term Improvements and Evaluations [1] Project Amount CONNECT TO CCWSD POTABLE WATER SYSTEM Engineering $467,000 2 Million-Gallon Tank at Booster Site 1,700,000 Booster Station Expansion 750,000 Tie-In to 36-Inch 30,000 Canal Crossing 500,000 State Road 951 Horizontal Directional Drill 750,000 16-Inch PVC 864,000 Connect to FGUA System 30,000 Instrumentation and Control Systems Upgrades 50,000 Subtotal $5,141,000 ADDITIONAL IMPROVEMENTS Evaluate Potable Water Production Well Performance $45,000 Perform Detailed Water Treatment Plant Evaluation 75,000 Perform Water Distribution System Rehabilitation Study 100,000 Subtotal $220,000 Total Cost $5,361,000 [1] Amounts shown are contained in Technical Feasibility Study report;reference Appendix A at the end of this report for a copy of the executive summary to the Technical Feasibility Study. AECOM is in agreement with the conclusion provided in the Technical Feasibility Report that upgrades are needed to the potable water distribution system, and the FGUA potable water system is recommended to be interconnected with the CCWSD potable water system. However, AECOM recommends that the plan to interconnect the systems be modified to include three interconnection points and the decommissioning of the Water Treatment Plant, a plan currently being evaluated by CCWSD staff. The FGUA potable water service area is contiguous with the CCWSD potable water service area and it is located in close proximity to the South County Regional Water Treatment Facility. Therefore, decommissioning the FGUA Water Treatment Plant facilities in lieu of planning to make the necessary upgrades to the RO system and raw water supplies is recommended after the two potable water service areas are interconnected. The CCWSD is currently developing construction plans to interconnect the CCWSD potable water system to the FGUA system in three locations. AECOM has reviewed 60% design plans to interconnect the potable water systems (three locations) and the opinion of probable K:\DC 1125-45\Rpt\Chapter 125 Report\Briefng Doc 125 Hearing 8-2 . 9 B construction cost that has been developed and concurs with the preliminary plans and associated probable construction cost of $1.1 million. However, AECOM recommends that additional hydraulic modeling of the potable water system be completed to verify that the system is able to meet the current CCWSD level of service standards associated with available pressure, potable water storage, and domestic and fire protection demands. AECOM anticipates the cost of this modeling would be approximately $150,000. AECOM also recommends that $100,000 should be put in place to address piping upgrades along with the $100,000 earmarked in the Technical Feasibility Report for a Water Distribution System Rehabilitation Study. The purpose of the Study is to complete a detailed assessment of the water distribution system in order to identify deficiencies, planned improvements with construction costs, and a prioritization of improvements to facilitate capital planning. The total cost for recommended near-term improvements and evaluations for the water system would be $1.45 million. The County staff is currently evaluating options associated with decommissioning or reusing the existing facilities, and there will be additional costs depending upon the option ultimately selected. The Technical Feasibility Study report also provided estimated costs for future improvements to be implemented within a ten-year period to increase reliable potable water service and provide 100% fire hydrant coverage to greater than 90% of residences in the primary service area. The budgetary cost estimate for these "Phase 2 Improvements" is $21,212,250. Finally, the Technical Feasibility Study report provided cost estimates for long-term improvements to provide increased wastewater service to residences and commercial properties currently on septic tanks that could be implemented between 10 and 20 years after acquisition. The budgetary cost estimate for these "Phase 3 Improvements" is $26,348,000. The implementation costs for Phase 2 and Phase 3 Improvements are currently under review by AECOM. The County has the financial capacity and expertise to finance and manage the additional capital investment as noted herein for near-term improvements and as delineated in the Technical Feasibility Report for future improvements. (Remainder of page intentionally left blank) K:\DC1125-45\Rpt\Chapter 125 Report\Briefing Doc 125 Hearing 8-3 9B SECTION 9 ALTERNATIVES TO THE PURCHASE CAT County 9B SECTION 9 ALTERNATIVES TO THE PURCHASE 125.3401(8) The alternatives to the purchase or sale and potential impact on utility customers if the purchase or sale is not made. If the Golden Gate System were not purchased by the County, the system would most likely continue to be operated by FGUA since there exists an existing agreement granting the District the right to purchase the utility and such utility is located within the service territory of the District (is not located in any municipality or outside the boundaries of the District). The existing Golden Gate System would continue to be managed by the FGUA and the customers would continue to pay monthly user rates as established by the FGUA, which are currently higher than the rates charged by the District. The capital improvements identified in Technical Feasibility Study or as identified by the FGUA to address the utility plant issues would still need to be funded, which could affect monthly service rates in the future if debt financing is required to fund the improvements. While it is possible that an outside investor may offer to purchase the Golden Gate System, it is unlikely that private ownership would provide the same level of benefits to the customers as provided under FGUA or County ownership nor it is anticipated that the County would assign the right to purchase the Golden Gate System to a private investor or utility. (Remainder of page intentionally left blank) K:\DC 1125-05\Rpt\Chapter 125 Report\Briefing Doc 125 Hearing 9-1 ' 2 SECTION 10 STATEMENT OF QUALITY SERVICE Cc& County 9 B SECTION 10 STATEMENT OF QUALITY SERVICE 125.3401(9) The ability of the purchaser to provide and maintain high-quality and cost-effective utility service, whether the purchaser is the County or the entity purchasing the utility from the County. The District, which surrounds the utility service area of the Golden Gate System, has consistently operated in a prudent and efficient manner the District System, a large regional public water and wastewater utility system in Florida. The District has consistently complied with all regulations required by various regulatory agencies and rate covenants dictated by financing institutions and has continuously provided and maintained high-quality and cost-effective utility services. In addition, the District has maintained a renewal and replacement fund/ capital improvement fund for the ongoing capital re-investment/ replacement of the utility plant components within the District system to ensure that the District System continues to provide the adopted level of service to its customers. The District is rated "AAA" by Fitch Ratings and "Aal" by Moody's Investors Service, Inc., and these high credit ratings represent a positive reflection on the management of the District. The District has consistently met the financial and rate covenants outlined in the Bond Resolution, which authorized the issuance of the outstanding utility revenue bonds for the funding of capital expenditures. Based on the foregoing, the management of the District is of the opinion that it will be able to continually provide and maintain the high-quality and cost-effective utility service required to meet the level of service standards of the utility. (Remainder of page intentionally left blank) K:\DC1125-45\Rpt\Chapter 125 Report\Bnefing Doc 125 Hearing 1 0-1 9B SECTION 11 STATEMENT OF PUBLIC INTEREST CAT C014.Pity 9B SECTION 11 STATEMENT OF PUBLIC INTEREST Statement of Public Interest. Based upon the foregoing, the County is of the opinion that the purchase of the Golden Gate System is in the public interest and that the County has the technical experience and the financial capability to provide high-quality, long-term, and sustainable water and wastewater service to the customers of such system. (Remainder of page intentionally left blank) K:\DC 1125-45\Rpt\Chapter 125 Report\Briefing Doc 125 Hearing 1 1-1 9B APPENDIX A EXECUTIVE SUMMARY OF TECHNICAL FEASIBILITY REPORT Co er County 9B Technical Feasibility Study for Acquisition of FGUA Water and Wastewater Assets in Golden Gate Stantec Prepared for: Collier County Public Utilities Prepared by: Stantec Consulting Services Inc. 5801 Pelican Bay Boulevard Suite 300 Naples, Florida 34108-2709 TE/,``*+t�utru��ii�Ntrrlt��r N . 6.8716 Ito * " e * STATE OF tv,. �f 'ORO !�o NA....et ` i 117 `'Fini7tC4111�E June 13,2017 9B This page is intentionally left blank 9R TECHNICAL FEASIBILITY STUDY FOR ACQUISITION OF FGUA WATER AND WASTEWATER ASSETS IN GOLDEN GATE Table of Contents EXECUTIVE SUMMARY V ABBREVIATIONS XI 1.0 INTRODUCTION 1.1 1.1 PURPOSE 1.2 2.0 AVAILABLE INFORMATION 2.1 3.0 EXISTING CONDITIONS 3.3 3.1 GENERAL 3.3 3.2 FGUA SERVICE AREA 3.3 3.3 FGUA OWNED PROPERTY 3.7 3.4 POPULATIONS, WASTEWATER FLOWS, AND POTABLE WATER DEMAND 3.9 3.5 WASTEWATER SYSTEM 3.13 3.5.1 Wastewater Collection and Conveyance System 3.13 3.5.2 Wastewater Treatment and Disposal Facility 3.13 3.5.3 Wastewater Treatment Facility Permit Requirements 3.14 3.5.4 Historical Flows 3.24 3.5.5 Wastewater Treatment Facility Field Investigations 3.33 3.5.6 Maintenance and Capital Projects 3.45 3.5.7 Wastewater Asset Evaluation Summary and Recommendations3.45 3.6 WATER TREATMENT SYSTEM 3.48 3.6.1 Water Supply 3.48 3.6.2 Water Treatment Facility 3.51 3.6.3 Water Treatment Facility Permit Requirements 3.52 3.6.4 Historical Flows 3.56 3.6.5 Water Treatment Facility Field Investigations 3.60 3.6.6 Water Treatment Facility Maintenance and Capital Projects 3.71 3.6.7 Water Asset Evaluation Summary and Recommendations 3.72 4.0 IMPLEMENTATION PLAN 4.1 4.1 PHASE 1 4.1 4.2 PHASE 2 4.6 4.3 PHASE 3 4.11 5.0 SUMMARY AND CONCLUSION 5.1 Stantec 9 B TECHNICAL FEASIBILITY STUDY FOR ACQUISITION OF FGUA WATER AND WASTEWATER ASSETS IN GOLDEN GATE LIST OF FIGURES Figure ES- 1 Proposed Potable Water Distribution Map viii Figure ES-2 Wastewater Collection Expansion Map ix Figure 1-1 FGUA Service Area Map 1.3 Figure 1-2 FGUA Service Area Map 1.4 Figure 1-3 FGUA Study Evaluation Area Map 1.5 Figure 3-1 FGUA Service Area Quadrants 3.4 Figure 3-2 Septic Tank Service Area 3.5 Figure 3-3 WWTF Site Aerial 3.8 Figure 3-4 WTF Site Aerial 3.8 Figure 3-5 Potable Water Booster Station Site Aerial 3.9 Figure 3-6 FGUA Service Area Land Use Map 3.10 Figure 3-7 FGUA GGC Wastewater Collection & Conveyance System Map 3.15 Figure 3-8 FGUA GGC Wastewater Treatment Facility Site Plan 3.16 Figure 3-9 FGUA GGC WWTF Process Flow Diagram 3.17 Figure 3-10 Golden Gate WWTF Influent Flows- Monthly Average Daily Flow 3.26 Figure 3-1 1 Golden Gate WWTF Influent Flows-Three Month Average Daily Flow 3.27 Figure 3-12 Golden Gate WWTF Influent Flows - Annual Average Daily Flow 3.28 Figure 3-13 Golden Gate Wastewater Treatment Facility Influent Concentrations Max Month & Monthly Average CBOD5 (Ib/day) 2015/2017 3.29 Figure 3-14 Golden Gate Wastewater Treatment Facility Influent Concentrations Max Month & Monthly Average TSS (Ib/day) 2015/2017 3.30 Figure 3-15 Headworks Location at WWTF Site 3.33 Figure 3-16 Package Plant 1 Location at WWTF 3.34 Figure 3-17 Package Plant 2 Location at WWTF 3.36 Figure 3-18 Digester Location at WWTF 3.37 Figure 3-19 RAS / WAS Pumps Location at WWTF 3.38 Figure 3-20 Injection Well Pump Station Location at WWTF 3.39 Figure 3-21 Accessory Structures Locations at WWTF 3.40 Figure 3-22 Deep Injection and Monitoring Wells Locations 3.42 Figure 3-23 Percolation Ponds Location at WWTF 3.44 Figure 3-24 FGUA GGC Water Distribution System Map 3.49 Figure 3-25 Water Treatment Facility Site Plan 3.53 Figure 3-26 Water Treatment Facility Process Flow Diagram 3.54 Figure 3-27 Lime Softening Plant Location at WTF Site 3.61 Figure 3-28 Ground Storage Tank Location 3.63 Figure 3-29 RO Membrane Plant Location at WTF Site 3.64 Figure 3-30 Location of the Decommissioned Lime Softening Plant 3.65 Figure 3-31 Location of the Sludge Holding Tanks 3.66 Figure 3-32 High Service Pumps Location 3.67 Figure 3-33 Accessory Structures Locations at WTF site 3.68 Figure 3-34 Chemical Storage and Injection Points Locations 3.70 Figure 3-35 Wells Locations 3.71 Figure 4-1 Water Distribution Improvements 4.3 Stantec 96 TECHNICAL FEASIBILITY STUDY FOR ACQUISITION OF FGUA WATER AND WASTEWATER ASSETS IN GOLDEN GATE Figure 4-2 Phase 2 Water Distribution Improvements 4.8 Figure 4-3 Water Distribution Improvements 4.1 LIST OF TABLES Table ES-1 Phase I Implementation Plan Projects and Potential Costs vii Table ES-2 Implementation Plan Summary x Table 2-1 List of Available Information 2.1 Table 2-2 Site Visits Summary 2.2 Table 3-1 FGUA Owned Parcels 3.7 Table 3-2 Parcel Count 3.11 Table 3-3 Population Estimates 3.11 Table 3-4 Flows and Demand Estimates 3.12 Table 3-5 Wastewater Conveyance System Quantities 3.13 Table 3-6 Permit Effluent Limitations Reuse and Land Application System Rapid Infiltration Basins (R-001) 3.18 Table 3-7 Permit Effluent Limitations Deep Injection Well (U-001) 3.19 Table 3-8 Ground Water Quality Monitoring Wells 3.19 Table 3-9 Ground Water Monitoring Parameters 3.19 Table 3-10 Injection Well IW-1 .........................................3.22 Table 3-11 Monitoring Well DZMW-1 3.22 Table 3-12 Administration Order 3.23 Table 3-13 Influent Flows 3.24 Table 3-14 Influent Loadings, FLW-01 (MGD) 3.25 Table 3-15 Effluent Flows 3.31 Table 3-16 Effluent Loadings 3.32 Table 3-17 Wastewater Treatment Facilities Conditions Assessment 3.46 Table 3-18 Water Distribution System 3.50 Table 3-19 Permitted Aquifer Use Allocations 3.52 Table 3-20 Production Wells Summary 3.55 Table 3-21 Monitoring Wells Summary 3.56 Table 3-22 2015 and 2016 Raw Water and Treated Water Summary 3.56 Table 3-23 2015 and 2016 Summary of Total Water Usage and Accounted for (Gallons) 3.58 Table 3-24 2015 and 2016 Summary of Unbilled Water Usage (Gallons) 3.59 Table 3-25 Water Treatment Facility Condition Assessment 3.74 Table 4-1 Phase I Proposed Implementation Costs 4.5 Table 4-2 Phase I Proposed Implementation Schedule 4.6 Table 4-3 Engineers Opinion of Probable Cost 4.9 Table 4-4 Phase II Implantation Proposed Schedule 4.10 Table 4-5 Phase 3 Proposed Implementation Costs 4.12 Table 5-1 Implementation Plan Summary 5.2 Stantec iii 9B TECHNICAL FEASIBILITY STUDY FOR ACQUISITION OF FGUA WATER AND WASTEWATER ASSETS IN GOLDEN GATE LIST OF PHOTOS Photo 3-1 Headworks at WWTF Site 3.34 Photo 3-2 Interior of Plant 1 Tank 3.35 Photo 3-3 Exterior of Plant 1 Tank 3.35 Photo 3-4 Package Plant 2 Tank Exterior 3.36 Photo 3-5 Digester Tank at WWTF 3.37 Photo 3-6 RAS / WAS Pumps 3.38 Photo 3-7 Effluent Pumps 3.39 Photo 3-8 Accessory Building Storage Area 3.40 Photo 3-9 Fuel Storage Tank 3.41 Photo 3-10 Administration Building 3.41 Photo 3-1 1 Direct Injection Well 3.43 Photo 3-12 Monitoring Wells 3.43 Photo 3-13 Percolation Pond 3.44 Photo 3-14 Existing Lift Station 3.45 Photo 3-15 6-inch Raw Water Interconnection 3.50 Photo 3-16 WTF CitectSCADA System 3.52 Photo 3-17: Lime softening Steel tanks 3.62 Photo 3-18: Lime Softening Backwash 3.62 Photo 3-19 Water Ground Storage Tank 3.63 Photo 3-20 RO system 3.64 Photo 3-21 Fouled RO Cartridge Filters 3.65 Photo 3-22 Decommissioned Plant 3.66 Photo 3-23 Lime Sludge Holding Tanks 3.67 Photo 3-24 High service Pumps 3.68 Photo 3-25 Accessory Building 3.69 Photo 3-26 Storage Building 3.69 Photo 3-27 Injection Points 3.70 Photo 3-28 Typical Well Installation at WTF Site 3.71 LIST OF APPENDICES APPENDIX A A.1 Interlocal agreement A.1 APPENDIX B B.1 FGUA FDEP WASTEWATER PERMIT 8.1 FGUA WTF PERMIT B.1 FGUA SFWMD Water Use Permit B.1 APPENDIX C C.1 FGUA FY 2017-2021 C.1 p - Stantec iv 9B TECHNICAL FEASIBILITY STUDY FOR ACQUISITION OF FGUA WATER AND WASTEWATER ASSETS IN GOLDEN GATE Executive Summary On March 1, 1999, an Interlocal Agreement Relating to the Acquisition of the Golden Gate Utility System was executed between FGUA and the Collier County Water-Sewer District (CCWSD). Ownership transfer is viewed as a cooperative and beneficial venture for both entities, as well as residents served by the utility. This opportunity will provide the following benefits: (1) Provide safe and reliable drinking water and wastewater service delivery; (2) provide water and wastewater to residents with rate stability; (3) make a long-term investment improving viability in the utility system, and (4) provide a long-term strategy to address environmental impacts. Stantec was engaged by Collier County Public Utilities staff to evaluate the technical feasibility of Collier County's acquisition of FGUA assets within the Golden Gate service area and identify/evaluate opportunities to make the improvements described above. Stantec conducted three (3) site visits at the Golden Gate Wastewater and Water Treatment Facilities to gather information and meetings with the facilities operations staff. Additionally, available reports, drawings, permits, and operational data were compiled and reviewed for preparation of this feasibility study. FGUA currently provides wastewater treatment to approximately 2,300 customers which results in approximately 1.1 MGD of wastewater treated annually. This is approximately 73% of the permitted annual average treatment capacity. FGUA currently does not have any plans to expand the existing customer base. Limited investigations were performed on the wastewater collection and conveyance system. It is expected that pump station rehabilitations will be required for long term use. The County may wish to refurbish pump stations over time,which will allow the stations to meet the Collier County standards for pump stations and SCADA systems. Based on the age of the system and difficulties associated with repairing the linear infrastructure due to the complications of rock excavation, it is recommended that an asset management program for sewers, manholes, force mains, and air release valves be developed that identifies infrastructure to be rehabilitated and or replaced based on age, criticality, and known deficiencies. In general, the WWTF and collection system are in good condition and limited improvements are needed to maintain wastewater service to existing customers. It is recommended that an evaluation of the collection and conveyance system be performed to prioritize the use of the funds for collection system improvements. Based on the limited observations, it is likely that the budgeted $200,000 - $300,000 annually on collection system improvements is adequate for long term operation. Stantec v B TECHNICAL FEASIBILITY STUDY FOR ACQUISITION OF FGUA WATER AND WASTEWATER ASSETS IN GOLDEN GATE FGUA currently provides potable water service to approximately 3,640 customers. In 2015 and 2016, FGUA provided 412.3 MG of potable water to its customers which is equivalent to 1.1 MGD of potable water delivered. The withdrawal of raw water for the corresponding year and was 630 MG,which is approximately 70%of the permitted allocation rate of 908 MG. The overall potable water system efficiency is approximately 65%. Typically, potable water treatment recovery rates for brackish water with an RO plant is 75%-80% and the treatment recovery for a freshwater plant is approximately 90%. Based on the review of well pumpage data and water production data,the WTF has an inefficient recovery rate which is then compounded by water main breaks and unaccounted losses within the system. The existing lime softening facility is in poor condition and further evaluation of the structural integrity of the existing tankage is required. As mentioned, Stantec staff did not investigate the tanks due to safety concerns. Additionally, staff has indicated that the treatment performance of the lime softening plant is limited as well. The lime softening plant has a capacity to treat 500 GPM, however staff indicated that treatment beyond 300 GPM is not feasible. A preliminary investigation of the potable water distribution system was performed. In general discussions with staff have indicated that significant resources are required to manage and repair water line breaks. The service area has significant highly permeable rock which makes identifying water main break locations difficult. Due to the frequency of breaks, the quality of the pipe bedding and fill material are in question. A review of the unaccounted water loss data indicates that water lost due to water main breaks was 182,046 gallons and 327,673 gallons for 2015 and 2016 respectively. Additionally, the unaccounted losses for the water system were 17% and 15% for 2015 and 2016 respectively. Unaccounted losses over 10%are considered excessive and SFWMD requires a corrective action plan when unaccounted losses are over 10%. Fire flow testing is performed by the fire department prior to new development connecting to the existing water distribution system. According to staff, fire flow requirements are currently being met. However, there does not appear to be an adequate number of hydrants. In accordance with Collier County standards the maximum distance is 500-ft between hydrants in 1 and 2 family areas with building less than 5,000-sf and 300-ft max distance between hydrants in all other areas. In general,the water treatment and distribution system are considered to be in poor condition and does not appear to be capable of providing potable water to an expanded service area due to potential limitations with the water supply, water treatment capacity, and water distribution system. An implementation plan was developed to primarily address improvements to provide reliable potable water and improved fire protection to existing customers, considering that the potable water system is in poor condition and improvements are needed to maintain potable water service to existing customers. While the existing wastewater system is in good condition, the facility is currently operating at approximately 73%capacity on an annual average basis. Should the County choose to expand Stantec vi 98 TECHNICAL FEASIBILITY STUDY FOR ACQUISITION OF FGUA WATER AND WASTEWATER ASSETS IN GOLDEN GATE wastewater service, a limited number of customers could be served by the existing facility. It is estimated that approximately 1,000 residential units could be served with the remaining capacity. Due to the permitted capacity limitations, for any expansion of the service area, a capacity analysis report would be required to evaluate the ability to expand the existing plant and/or to connect to the County wastewater infrastructure. To provide wastewater service to the Golden Gate service area in its entirety,the County will need to consider expanding the existing treatment facility, upgrading major force mains, and/or interconnecting to Collier County wastewater facilities. PHASh As part of the Phase 1 implementation plan, a series of improvement projects and technical evaluations are recommended. The Phase 1 improvements projects and technical evaluations are listed on Table ES-3. ii�G F fiihi ii) "cNi ppm iii i ii ii ii P r �€ ;1111Pi - 7 •i lF i 'J) am - r: O " %.;r u 10 rry C („Pv.: -` A 95::Vo- 1, u1 a !L s T A UIl lj � ir „;4T FI , Preliminary Preliminary Engineering Budget Construction Project Estimate Cost Estimate A. Connect to Collier County potable water supply $467,000 $4,674,000 B. Minor Upgrades to WWTF - $180,000 C. Evaluate generator capacity $10,000 D. Evaluate potable water production well performance $45,000 E. Perform detailed WTF evaluation $75,000 F. Perform wastewater collection system rehabilitation $100,000 G. Perform water distribution system rehabilitation study $100,000 Subtotal $797,000 $4,854,000 Total $5.651,000 Currently most residences within the primary service area are on private, shallow aquifer wells for drinking water. Due to the proximity and age of many of the septic systems currently in use in Golden Gate City,the potential for contamination of shallow drinking water wells may occur. The Phase 2 improvements are being driven by a desire to drastically reduce the potential for drinking water contamination by providing clean, safe, potable drinking water to greater than 90%of all residences in the primary service area within the next 10 years. Additionally, Collier County would have an established goal of providing 100% Fire Hydrant coverage within this same area to provide protection if fires similar to the 30th Avenue fire that occurred earlier this year were to threaten Golden Gate City in the future. Stantec vii 9B TECHNICAL FEASIBILITY STUDY FOR ACQUISITION OF FGUA WATER AND WASTEWATER ASSETS IN GOLDEN GATE Figure ES-1 illustrates the proposed Phase 2 potable water system expansion, which includes expanding the potable water system to the greater Golden Gate City. €`Q A. M ?"+Npgy^,•p6;s.Y '4M+4k,.: xi r4$ ' -71; i "' rRtAIVY f. x,ziore ii '. »: Quadrant4 a '%�a_ o-. %,. :�a'4''''' r.-t- r � :s �"'a ; " 4k �,_ -((6' mss i r.i .spa . R t' a,.. ,,";i*';.;,, * `w x% i. % ®;e k 'e!M 4 }t� `fie' !s .� a. k 4, : : ttl ''."' .. :''''.7 r wnPb ° s. x .y.�"r. ^E&,•m, n i gA:1,11;414t" r� Z '14' 4/4-1 4'* . *' * ' •rT4:1'r "' '`.* '7?,MAItificiii1;1,'444%.•W;t•tl''''1•4;r%* :':§.•jt,:f4"""'' . I , ,,,„10 -/ t . ;,,. .,, i . .el,...,',,a ! -. Ititee44ts.'4:11'' 1° W *' *M ,, t r Qutsdrant 1 .r ,4:1- ,a.:4-0;* ,.t.,..,, , - ,- t*P` 9x.: 1V-4.7 '*h ar i ^ fr ;. , ...,,,,, . :,ca,,,,,,, ^ ••Vf a,' ••,, ,le`0.4:',4,1A 44414,.7 •4,...,4, „4. 11 ,4:;;;,, erg,w i:VaiPS Fulure " ;'': w. ! r+* , _r .krr� V t', �. '' €� _'a''' i . P Si''. mJ' eR rsR, � a . e� Hy �'S� ;� X %M• "`'� '.� 0.-m ' -..,,I.." "dJn � r .'fit.. d ...;',',i, t y@ _ yy k .rA4. {d )�m�,j ` NS .r � h �� • X� } k� 'e� � ru.p leua w .wr ^M3 ror .. y�, 34 Po. 4M z „...,m,.,-,. � ...): • N.wrrM $� 2+y Y'^° x,.A k, :. l &` S Ggr hti ii.' S- F t mypoard rcu�rrow i;. ' " " 4" * r re ^�" t s'p� �^" a "`..- i t s WOO r lit' If ",,, fir.*V. t .::m t � �` nif YrraMM , '. i ' " d y .:.mww,d •I x ...;41 .'IA' x... .. d Figure ES-1 Proposed Potable Water Distribution Map The budgetary cost estimates for Phase 2 improvements is$21,212,250.00. Septic tank systems have the potential for contamination of both groundwater and surface water that can occur from septic systems that are in disrepair or failing. The existing septic tank areas were evaluated to determine logical areas to expand the wastewater collection system. The following criteria was utilized to identify initial service expansion areas: Areas should be located adjacent or near the existing WWTF, should the County choose to continue to operate and/or expand the WWTF. • Areas should be located near or adjacent to Santa Barbara Boulevard should the County choose to connect to the County's infrastructure. • Areas near or adjacent to canal systems should be considered, as the septic tanks may pose a greater threat of contamination to groundwater or surface water in these areas. Figure ES-2 illustrates the proposed three (3) septic tank replacement program areas to be considered by the County. There are 958 residential parcels that could be served by the existing Stantec viii 9 B TECHNICAL FEASIBILITY STUDY FOR ACQUISITION OF FGUA WATER AND WASTEWATER ASSETS IN GOLDEN GATE W WTF and/or through an interconnection to the County's existing wastewater infrastructure: Each 1;1,•(:. ..... , , septic tank replacement area will require the installation of gravity sewers, pump stations, and force mains to convey flows to the WWTF and/or the County's system. /it ,4.4.t 0,:, 5 It#' * 5;44;i15 .74#04 Iiiii5,47' :' t�u� gym' d e '* t m•'9 i . . -.' ��I �� `"t, �t w { 64 I a t ;t f ie $3 f � 3y�� ,'S4=*"."' *°7•4';'", *t ;••4" tt- '1'4, i: 1.e ' 'Itkr ' 444,7' " i?g 313,33'`,403. t3".:3,* Mknn$73 '''. I 13 'Lt1143;414, ''' ''1049:,,,/ ".„,"333*,,i 34:Z.� , 14 11704' 43 a y�,� t �� , is t � r � �'a S ( �, w /z I r x 3 F,r 4 4 '.",r a 1' P ang, 31'3 3 y t „ vr roti u 3341V-3$ 33%1431 En n vsa a°„.. i t! R it'%"t i 2 I� ' y'N.1�@+�*, "'f` ae' { ..33 3 3 ,/ wml.we'—'' n F@' '' To E° i� - Y° J� �. Fliu,vk a MPS £ s .. 3-: y+ �7+^,ams .E 1,7,'‘,71-11_,..:::::::::',,,,... :f./ ltt T.I1111t4m .tea.. `.Y- rM �'� { Y �i,. :ma juT .'ems wlf Figure ES-2 Wastewater Collection Expansion Map The budgetary cost estimates for each of the septic tank areas was estimated to be$26,348,000. SUMMARY . NCONCLUSIONS In general, the WWTF and collection system are in good condition and limited improvements are needed to maintain wastewater service to existing customers. Based on the review of raw water well pumpage data and water production data, the WTF has an inefficient recovery rate which is then compounded by water main breaks and unaccounted losses within the system. Additionally, the existing lime softening facility is in poor condition and further evaluation of the structural integrity of the existing tankage is required. A three phased implementation plan was developed as follows: Phase 1 —Improvements recommended to address current and near term deficiencies; Phase 2 Future improvements to increase reliable potable water service and fire protection to houses currently on wells to be implemented within 10 year ustantec ix 9B TECHNICAL FEASIBILITY STUDY FOR ACQUISITION OF FGUA WATER AND WASTEWATER ASSETS IN GOLDEN GATE Phase 3-long term improvements to provide increased wastewater service to houses currently on wells and septic tanks that can be implemented between 10 years and 20 years from now. A summary of the preliminary cost estimates for each phase is provided below in Table ES-4: b 4 �: Population Budgetary Cost of Population Served Improvements and Phase Served-Water Wastewater Evaluations 1 12,404 12,404 $5.651,000 2 21,285 12,404 $21,212,250 3 21;285 15,000 $26,348,000 Total $53,211,250 Stantec x 0 9B TECHNICAL FEASIBILITY STUDY FOR ACQUISITION OF FGUA WATER AND WASTEWATER ASSETS IN GOLDEN GATE Phase 3-long term improvements to provide increased wastewater service to houses currently on wells and septic tanks that can be implemented between 10 years and 20 years from now. A summary of the preliminary cost estimates for each phase is provided below in Table ES-4: Table ES-2 Implementation Plan Summary Population Budgetary Cost of Population Served Improvements and Phase Served -Water Wastewater Evaluations 1 12,404 12,404 $5,651,000 2 21,285 12,404 $21,212,250 3 21,285 15,000 $26,348,000 Total $53,211,250 Stantec x • • 41,1,1 k. — i r* .,..........„„, j '''' - "" '''''' . ' ,: : ::: J .,---. ; . NIT 511,H,,,,,,,,..<1 Financial Re ort..„, ,.. . i Annual ...... , .:4„,. z 4: .Y, r ar _ � �,�.y. s At All,';'''* <.. .0,r'-,-*,aor i t 4 , 14.,',,,,47 r r ..y. • i^ < • , r' $.y . «*k . ......,,-.1•� .."M .WM' " - ++�ck , "= � �,�. e ... • ' *+: °'; �' i ice.z % J � rt"^'rrt " `'R .•A Y J, d �,, :,`� • :: � Y 4• 0 t.• . ... � . f /.„9nw-"-„ .. gym �. 4.4 .r. t • .: ._, sem. For the Fiscal Year Ended °- September 30 ; - 4}"'J'ik 4. R, r• ✓ . 2 g •liilLI4 - ,-„, ,,,,, „ . ... . ...., ....... .. . _ , , .,...,,, _.,..... „.....,.... ................. .. ...... 0,.......„....... ,:n u ,.. . .„ FLORIDA GOVERNMENTAL UTILITY AUTHORITY 9B •• FLORIDA GOVERNMENTAL UTILITY AUTHORITY COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE FISCAL YEAR ENDED SEPTEMBER 30,2016 Prepared by: Finance Department David DiLena, CPA,Chief Financial Officer 9B FLORIDA GOVERNMENTAL UTILITY AUTHORITY COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE FISCAL YEAR ENDED SEPTEMBER 30,2016 TABLE OF CONTENTS Page Number(s) INTRODUCTORY SECTION Letter of Transmittal 1 —25 Certificate of Achievement for Excellence in Financial Reporting 26 Organization Chart 27 List of Principal Officials 28 FINANCIAL SECTION Independent Auditors' Report 29—30 Management's Discussion and Analysis 31 —43 Basic Financial Statements Statement of Net Position 44—45 Statement of Revenues,Expenditures,and Changes in Net Position 46—47 Statement of Cash Flows 48 —49 Notes to Financial Statements 50 —68 STATISTICAL SECTION Net Position by Component 70 Changes in Net Position 71 Summary of Ten Largest Single Water Users 72 Ratios of Outstanding Debt by Fund Type 73 Pledged Revenue Coverage 74—75 Demographic and Economic Statistics 76—77 Principal Employers 78 Operating Indicators by Function 79 Capital Asset Statistics by Function 80—82 OTHER REPORTS Independent Auditors' Report on Internal Control Over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards 83 —84 - i - 98 r' TAB ....,,,,-, , : Introductory Section vt- . ' t a t z " AV .. . , _`,.w° .✓ - d aw' _ �v« 9B FGUA Operations Office fgu Government Services Group, Inc. 280 Wekiva Springs Rd.,Ste 2070 Longwood,FL 32779-6026 (877)552-3482 Toll Free FLORIDA GOVERNMENTAL (407)629-6900 Tel UTILITY AUTHORITY (407)629-6963 Fax March 10, 2017 Chairman and Members, Board of Directors Florida Governmental Utility Authority 1500 Mahan Drive, Suite 250 Tallahassee,FL 32308 Florida State law requires that all units of local government publish a complete set of financial statements presented in conformity with generally accepted accounting principles (GAAP) and audited in accordance with generally accepted auditing standards by a firm of licensed certified public accountants. Pursuant to that requirement, the Comprehensive Annual Financial Report of the Florida Governmental Utility Authority (FGUA) for the fiscal year ended September 30, 2016 is hereby submitted. Responsibility for both the accuracy of the data and the completeness and fairness of the presentation, including all disclosures, rests with the management of the FGUA. To the best of our knowledge and belief, the enclosed data is accurate in all material respects and is reported in a manner designed to present fairly the financial position and results of operations of the FGUA. All disclosures necessary to enable the reader to gain an understanding of the FGUA's financial activities have been included. The Florida Governmental Utility Authority's financial statements have been audited by James Moore & Co. P.L., a firm of licensed certified public accountants. The goal of the independent audit was to provide reasonable assurance that the financial statements of the Florida Governmental Utility Authority for the fiscal year ended September 30, 2016, are free of material misstatement. The independent audit involved examining on a test basis, evidence supporting the amounts and disclosures in the financial statements; assessing the accounting principles used and significant estimates made by management; and evaluating the overall financial statement presentation. The independent auditor concluded, based on the audit, that there was a reasonable basis for rendering an unqualified ("clean") opinion that the Florida Governmental Utility Authority's financial statements for the Fiscal Year ended September 30, 2016, are fairly presented in conformance with GAAP. The independent auditor's report is presented as the first component of the financial section of this report. GAAP requires that management provide a narrative introduction, overview, and analysis to accompany the basic financial statements in the form of Management's Discussion and Analysis (MD&A). This letter of transmittal is designed to complement the MD&A and should be read in conjunction with it. The Florida Governmental Utility Authority's MD&A can be found immediately following the report of the independent auditors. - 1 - 9 B Profile of the Government The FGUA exists as a legal entity and public body pursuant to Chapters 125, 163 and 166, Florida Statutes, and a First Amended and Restated Interlocal Agreement dated as of December 1, 2000, as restated, amended and supplemented from time to time (the "Interlocal Agreement") by and among Citrus County, Nassau County, Polk County and Sarasota County, each a local government located in the State of Florida. Sarasota County and Nassau County have since terminated their membership in the Authority. Osceola County joined as a member in 2003 and has since terminated its membership in the Authority. Lee County joined as a member on October 18, 2005, Pasco County joined as a member on February 27, 2008, Hendry County joined as a member on February 21, 2008, and Marion County joined as a member on November 21, 2013. The Town of Dundee joined as a member on June 12, 2007 and has since terminated membership in the Authority. Desoto County joined as a member on February 19, 2009 and terminated its membership in November 2015. Citrus County, Hendry County, Lee County, Pasco County, Polk County and Marion County are the current counties who are Members in the FGUA. The purpose of the FGUA is to enable its members to make the most efficient use of their common power to acquire, own, improve, operate, and maintain water and wastewater facilities; however, Authority membership is not a prerequisite to the acquisition of property within any particular jurisdiction. The FGUA does not have any employees. All services are provided on a contractual basis predicated on the management and operational needs of the FGUA. Overall management (including executive oversight, administration, financial management, capital planning, and construction contract supervision) is provided by Government Services Group, Inc. Daily operations, maintenance, customer service, and billing services are provided by US Water/Wade Trim, with the exception of services at MacDill AFB Utility System which are provided by US Water Services Corporation. The FGUA began its operational and fiscal activities on the date of acquisition of five water and wastewater systems on April 15, 1999. These systems were acquired from Florida Cities Water Company and Poinciana Utilities, Inc., units of Avatar Properties, Inc. A sixth system located in Lee County was part of the acquisition discussions, but was directly purchased by Lee County on April 15, 1999. The Barefoot Bay Utility System was transferred to Brevard County in February 2000. The Sarasota Utility System was transferred to Sarasota County on August 8, 2002. On December 5, 2003, the FGUA completed the purchase of two additional utility systems from Florida Water Services Corporation, the Citrus County Utility System and the Lehigh Acres Utility System (Lee County). On March 31, 2004, the FGUA sold its Carrollwood Utility System water production wells to the Tampa Bay Water Authority and its water distribution system and wastewater collection system to Hillsborough County, ending its ownership in the Carrollwood Utility System. Continuing with the FGUA's purpose to transition utility activities from the private sector to public ownership and operation, the Citrus Utility System was transitioned to Citrus County on February 15, 2007. Shortly thereafter, on April 30, 2007, the Poinciana Utility System was transitioned to the Tohopekaliga Water Authority. On February 27, 2009, the FGUA purchased the Aloha Utilities Inc. water and wastewater systems (Aloha Gardens and Seven Springs), collectively called the FGUA Pasco Utility Systems. On December 23, 2009, the FGUA acquired the Consolidated Utility Systems. On March 10, 2010, the FGUA acquired the Lindrick Utility System and on July 29, 2010, the FGUA acquired the North Fort Myers Utility System. On June 17, 2010, the Authority accepted and approved a contract with the United States Government for the acquisition of the water and wastewater utility facilities at MacDill Air Force Base (AFB). The effective date of this acquisition was March 1, 2011, after the transition period which ended February 28, 2011. On June 28, 2012, the FGUA acquired the Mad Hatter and Paradise Lakes Utility Systems which are located in Pasco County, and combined them into the FGUA's Consolidated Utility Systems enterprise -2- 9 8 fund. On March 28, 2013, the FGUA acquired certain water and wastewater utility assets owned by Aqua Utilities Florida, Inc. and Crystal River Utilities, Inc. located in Pasco, Lake, Alachua, Citrus, Hardee, Lee, Marion, Orange, Polk, Seminole, Volusia and Putnam Counties, Florida. These system were separated into three separate enterprise funds; Lake Aqua Utility System, Pasco Aqua Utility System, and Unified Aqua Utility System. As of September 30, 2016, the FGUA consisted of ten separate water and wastewater systems located in fourteen counties in Florida. Each of the systems is accounted for as a separate enterprise fund of the FGUA. One enterprise fund continues to be maintained for the Barefoot Bay System to account for the Revenue Bond Payable used to acquire the system and Revenue Bond Receivable used by Brevard County to pay for their purchase of the system from the FGUA. There is also a Non-System Specific enterprise fund for the other minor contractual services provided by the FGUA. GOLDEN GATE UTILITY SYSTEM SERVICE AREA Golden Gate is located north and east of I-75 between the Golden Gate main canal and CR 951, approximately four miles east of the City of Naples in western Collier County. Golden Gate occupies just more than four square miles of developed urban residential and light-commercial property. The majority of properties are single-family residential. Commercial development consists of support services to the surrounding residents. The Collier County Water-Sewer District surrounds the Golden Gate system on all sides. Approximately half of Golden Gate is served with public water service, while less than half of Golden Gate is served by central sewer. Those residents who are currently not connected use private wells and septic tanks. The oldest water and sewer lines were installed in 1964. Half of the southeast quarter of Golden Gate is comprised of a golf course, to which water and sewer service is provided and on which a water treatment plant is located. The remaining area in the southeast quarter is served with water and sewer. The FGUA continues to expand the water service area since additional water treatment capacity is available. SYSTEM OPERATIONS Water Treatment The original water plant, constructed in 1965 and 1966, was a metal lime-softening treatment plant. This facility was expanded in 1989 to a lime-softening plant capacity of 1.224 MGD. In July 2000, a 0.25-MGD reverse osmosis (RO) system was put on line at the existing water treatment plant site. In 2004, a 0.250 MGD - RO system was put on line for a total treatment capacity of 1.70 MGD. In 2006 a phase 3 - RO system of 0.300 MGD was put on line. In 2009 TUB was converted from a 0.504 MGD lime softening unit into a raw water blend. The total production capacity of the Golden Gate system is now 2.099 MGD (0.720 MGD lime softening, 0.504 MGD raw blend and 0.875 MGD RO). All WTP expansion is contingent upon system growth. -3 - 9 B As shown in Table 1, plant flows averaged 1.516 MGD in fiscal year 2016 - 72% of the plant capacity Tablet-Golden Gate Water Treatment Plant Flows WTP Permitted Capacity Average Daily Flow %Capacity (MGD) (MGD) Golden Gate-WUP Limit(Water Table 2.060 1.772(raw) 86% Aquifer) 2.099 1.516 72% Golden Gate—Treatment Capacity Wastewater Treatment The wastewater treatment plant, which is located next to the Golden Gate canal, is a 1.50 MGD annual average daily flow conventional activated sludge domestic WWTP with effluent disposal to on-site percolation ponds and a deep injection well. The original plant was constructed in 1966 with a capacity of 0.3 MGD and was upgraded to 0.4 MGD in the 1980s and then again in 1995 to 0.95 MGD and in 2009 to its current capacity of 1.50 MGD AADF & 1.80 MGD TMADF. The annual average daily flow was 1.104 MGD in fiscal year 2016 - 74% of the plant capacity. The permit to operate the DIW was issued in fiscal year 2012. The DIW and associated dedicated RO brine concentrate line are currently in service. The RO brine concentrate bypasses the WWTP and is sent directly down the DIW. Table 2-Golden Gate Wastewater Treatment Ran'Hews Permitted Capacity Three Month ADF Permitted Capacity Average Daily Flow VVWfP (MGD)TMADF (MGD) (MGD)AADF (MGD) %Capacity Totals 1.80 1.368 1.50 1.104 74% The utility system served a total of 3,684 water customers and 2,297 wastewater customers in fiscal year 2016. LEHIGH ACRES UTILITY SYSTEM SERVICE AREA Lehigh Acres is in the eastern portion of Lee County, Florida, located east of State Road 82 and south of State Road 80. Fort Myers is the largest population center located due west of Lehigh Acres. Lehigh Acres occupies approximately 94.9 square miles of developed residential and light commercial property. The majority of properties are zoned single family residential. Duplex residential and light commercial properties are located along the main roadways. Originally designed as a retirement community, Lehigh Acres has grown in population to over 86,784 full and seasonal residents according to the 2010 US Census. Less than 50 percent of Lehigh Acres is served by public water service, with 38 percent served by central wastewater service. The Florida -4 - 9 E Governmental Utility Authority has utility service primarily along three major roadway corridors, Lee Boulevard running east and west, Homestead Road running southwest and Joel Boulevard running north and south. Both old and new planned neighborhoods are scattered along these roadways and typically have water and wastewater service. SYSTEM OPERATIONS Water Treatment The FGUA operates one (1) 3.10 MGD lime softening water treatment plant (WTP No. 1) that includes thirteen (13) raw water wells that supply all water to the Lehigh Acres Utility System. This supply can be supplemented if needed by an interconnect with the City of Fort Myers. There are two (2) onsite storage tanks, one (1) 1.0 million gallon and one (1) 0.5 million gallon ground storage tanks and two (2) offsite storage tanks including one (1) elevated tank with a capacity of 0.25 million gallons and one (1) ground storage tank with a capacity of 0.5 million gallons. Due to high levels of total dissolved solids from the wells associated with WTP No. 2 FGUA completed the conversion of WTP No. 2 to a Booster Station in FY 2013. WTP No. 2 includes a 2.0 MG onsite storage tank. WTP No. 2 now receives all water from WTP No. 1, Chlorine and Ammonia residuals are adjusted at WTP No. 2 to ensure adequate treatment is provided for the water that is sent to the Southern portion of the Lehigh Acres service area. Eventually when growth resumes in Lehigh Acres, WTP No. 2 will be modified to include Reverse Osmosis Treatment. Plans call for WTP No. 2 to eventually be expanded to 10.0 MGD and will provide for all future growth in Lehigh Acres. For the time being until growth resumes WTP No. 2 will be operated as a booster station. Table 3-Lehigh Acres Water Treatment Plant Flows Permitted Capacity Average Daily Flow %Capacity (MGD) (MGD) WUP Limit 3.150 2.249 71% Treatment Capacity 3.100 2.249 73% Conversion of WTP No. 2 to a booster station was completed in fiscal year 2013 and the permitted treatment capacity was reduced from 4.10 to 3.10 MGD. This treatment capacity can be supplemented if needed via the City of Fort Myers interconnect. Wastewater Treatment The FGUA operates one wastewater treatment plant (WWTP) with a permitted capacity of 3.0 MGD AADF & 4.30 MGD TMADF. The WWTP also includes a deep injection well (DIW) with a permitted disposal capacity of 18.6 MGD which will allow for all future expansions of the WWTP. The plant is comprised of two (2) separate plants which include contact stabilization and activated sludge process plants. The Zenon membrane plant was demolished during FY 2015 as part of the Headworks Capital Improvement Project. The WWTP produces public access quality reclaimed water that is used for irrigation on three area golf courses. During periods of wet weather the effluent is diverted to extensive onsite ponds for storage, percolation and evaporation. The DIW is also used for effluent disposal during wet weather. - 5 - 9B Table 4-Lehigh Acres Wastewater Treatment Plant Flo Permitted Three Month ADF Permitted Capacity Average Daily Row % Capacity(MGD) Capacity AADF TMADF (MGD) (MGD)AADF (MGD) VVWTP 4.30 2.392 3.00 2.16 72% The customer service center provided utility billing and other services to 12,643 water customers and 10,421 wastewater customers in 2016. PASCO UTILITY SYSTEM - ALOHA GARDENS & SEVEN SPRINGS SERVICE AREA The physical facilities of the Pasco Utility System are located in two distinct service areas, the Aloha Gardens service area and the Seven Springs service area. The Pasco Utility systems are located in Pasco County, immediately north of Pinellas and Hillsborough Counties, with the Aloha Gardens service area west of U.S. Highway 19 and the Seven Springs service area to the east of U.S. Highway 19. The Aloha Gardens water system consists of three water treatment plants, plants 1, 3 and 8; although at present only WTP No. 8 is in service. The Aloha Gardens system receives additional water purchased from Pasco County through three interconnects with the County Utility system. Wastewater from the Aloha Gardens service area is sent to Pasco County for treatment through a bulk service agreement. Since the Aloha Gardens service area is built out, the agreement is sufficient for future wastewater treatment needs of this area. The Seven Springs water system consists of one centralized WTP with a permitted treatment capacity of 2.90 MGD and includes 7 permitted wells. The Seven Springs water system is also interconnected with Pasco County and is required to purchase all water needed above the 2.289 MGD AADF WUP limitation. The Seven Springs wastewater treatment plant is permitted at 2.50 MGD and is currently operating within its permitted capacity. Aloha Gardens Water Treatment The Aloha Gardens water system consists of one active WTP (#8). The Aloha Gardens system receives additional water purchased from Pasco County through three interconnects with the County Utility system. As shown in Table 5, Aloha Gardens flows averaged 0.424 MGD in FY 2016. The majority of water used in the Aloha Gardens service area was purchased from Pasco County due to water quality issues with the existing wells. -6- 9 B Table 5-Aloha Gardens Water Treatment Plant Flows WTP No,8 Permitted Capacity Average Daly Flow %Capacity (MGD) (MGD) Aloha Gardens WUP 0.136 0.070 51% Purchased Water(Pasco Interconnect) N/A 0.354 N/A 0.424 Aloha Gardens Wastewater Treatment All wastewater from the Aloha Gardens service area is sent to Pasco County for treatment through a bulk service agreement. Seven Springs Water Treatment The Seven Springs water system previously consisted of seven small water treatment plants. In FY 2011 the Centralized Mitchell Rd. WTP, Pasco County Interconnect, and Raw Water Transmission Main projects were completed. The system is now served by the centralized Mitchell Rd. WTP with additional water beyond the 2.289 MGD AADF WUP limitation being purchased from Pasco County. During fiscal year 2014 the Seven Springs WUP withdrawal limit was increased from 2.04 to 2.289 MGD AADF. As shown in Table 6, the Seven Springs utility system averaged 2.609 MGD in 2016. FGUA maximized use of its withdrawal capacity and utilized the interconnects with Pasco County for all additional flows beyond its WUP limit. Table 6-Seven Springs Water Treatment Plant Flows WTP Permitted Capacity Average Daily Flow %Capacity (MGD) (MGD) Permitted Raw Water Withdrawal 2.289 2.388 104% Purchased Water(Pasco Interconnect) N/A 0.221 N/A 2.609 Seven Springs Wastewater Treatment The wastewater treatment plant is a 2.5 million gallon per day (MGD), annual average daily flow (AADF), Type I modified conventional activated sludge domestic wastewater treatment facility consisting of: one mechanical screening and grit removal both with manual bypass, one splitter box, and one equalization tank of 500,000 gallons total volume. After the equalization tank, flow is split into three trains. The existing Train 3 consists of two aeration tanks of 227,000 gallons total volume, one clarifier of 105,500 gallons total volume and 1,531 square feet total square area. Trains 1 and 2 from the newly constructed plant consists of one aeration basin of 650,000 gallons each for a total of 1.3 million gallons (MG) total volume, three clarifiers of 191,000 gallons each and surface area of 1963 square feet each for a total of 573,000 gallons and 5,889 square feet total surface area. -7- 98 Combined flow from Trains 1, 2, and 3 is routed into an intermediate pumping station and from there to the one seven-cell declining rate filter of 3.4 MG and one automatic backwash filter of 4.1 MG. Both filters have a total capacity of 7.5 MG. From the filters, effluent flows via gravity to the two-bay, baffled chlorine contact chamber of 47,752 gallons total with each bay for a total volume of 95,505 gallons. After disinfection, effluent flows by gravity either to the reuse pumping station or to the reject holding tank or to the North Part IV pond, depending on its quality. Part III effluent flows to the reuse pumping station for distribution throughout the Seven Springs Service Area. Non-Part III effluent flows to the lined reject pond of 1.6 MG and/or to the reject holding tanks of 0.7 MG total volume for a total reject volume of 2.3 MG. Waste Activated Sludge (WAS) flows to seven biosolids holding tanks for a total volume of 1.195 MG. Chlorination is provided by a liquid chlorine feed system with an existing gaseous chlorine system to serve as back-up. Two power generation units are provided which together are of sufficient capacity to supply emergency power to all essential plant units as required for Class I Reliability. The annual average daily flow was 1.573 MGD in fiscal year 2016. Current flows are within the plant's permitted capacity of 2.50 MGD. Table 7-Seven Springs Wastewater Treatment Plant Flows VVVVfF Permitted Capacity Average Daily Flow %Capacity (MGD) (MGD) Totals 2.5 1.573 63% The Pasco Utility System served a total of 18,069 water customers and 15,328 wastewater customers in fiscal year 2016. CONSOLIDATED UTILITY SYSTEM SERVICE AREA The Consolidated Utility System was originally comprised of 6 small service areas: Anclote, Angus Valley, Colonial Manor, Dixie Groves, Virginia City and Westwood. The Mad Hatter and Paradise Lakes Utility systems were acquired on May 17, 2012 and were combined with the Consolidated Utility Systems. The Consolidated Utility System is now comprised of 13 small service areas and includes the areas previously mentioned above as well as: Carpenter's Run, Cypress Cove, Foxwood Lakes, Linda Lakes, Paradise Lakes, Turtle Lakes and Twin Palms. Anclote The Anclote water system is located in Pasco County, approximately 3 miles north of Tarpon Springs, approximately 1/2 mile south of the Pinellas/Pasco line, west of US Highway 19. The service area encompasses approximately 964 acres, extending both in Pasco and Pinellas Counties. The system consists of single and multi-family homes, mobile home parks, light commercial shops and public schools. Treatment- All water is purchased from the city of Tarpon Springs. - 8 - 9 8 Angus Valley The Angus Valley water system is located approximately 23 miles east of New Port Richey on SR 54, '/2 mile west of I-75 in the Angus Valley subdivision approximately 1.3 miles west of Wesley Chapel on Dayflower Boulevard west of Old Pasco Rd and 1/2 mile north of SR 54. Treatment - Water is withdrawn from two (2) production wells in the Floridian Aquifer. There are two (2) hydropneumatic tanks both with capacities of 5,000 gallons. Chlorine is injected for disinfection. Colonial Manor The Colonial Manor water system is located in Pasco County, approximately 1 mile southwest of the city of Elfers, 1/2 mile east of US Highway 19, in the subdivision off of Mogg Rd. The service area encompasses approximately 162.4 acres consisting of residential, light commercial and office spaces. Treatment - All water is purchased from Pasco County. Dixie Groves The Dixie Groves water system is located in Holiday which is in the western portion of Pasco County, 3 miles south of New Port Richey, and one mile east of the intersection of US Highway 19 and County Rd. 595. The service area encompasses approximately 42 acres consisting of residential, light commercial and office spaces. Treatment - Water is withdrawn from two (2) production wells in the Floridian Aquifer. There are two (2) hydropneumatic tanks with capacities of 1,500 and 3,000 gallons. Chlorine is injected for disinfection. Virginia City The Virginia City water system is located in New Port Richey, on Thys Road, in Pasco County, approximately 2.5 miles east of US Highway 19 on the north side of SR 54. Treatment— Water is withdrawn from one (1) production well in the Floridian Aquifer. There is one (1) hydropneumatic tank with a capacity of 5,000 gallons. Chlorine and Ammonia are injected for disinfection via chloramination. Westwood The Westwood water system is located in southwestern Pasco County, north of Tarpon Springs, 1/2 mile west of US Highway 19. The Westwood service area encompasses approximately 182 acres. The system consists of mostly single family residential units. Treatment - Water is withdrawn from one (1) production well in the Floridian Aquifer. There is one (1) hydropneumatic tank with a capacity of 10,000 gallons. Chlorine is injected for disinfection. There is also an emergency interconnect with Pasco County Utilities. Prior to utilization of the interconnect all Westwood customers are notified and the well is inactivated due to Pasco County Utilities utilizing chloramination for disinfection. - 9- 96 Mad Hatter Utility Systems The Mad Hatter utility systems are located along State Road 54 (SR 54) near the intersection of US 41 in the south-central portion of Pasco County, Florida. The Mad Hatter systems are summarized below. Carpenters Run Treatment - The Carpenter's Run WTP consists of two water supply wells, two (2) 10,000 gallon hydropneumatic tanks, a diesel drive back up for one (1) of the wells, and a gas chlorination system for disinfection. All Mad Hatter water systems with the exception of Paradise Lakes and Linda Lakes are permitted as a basin under Water Use Permit No. 590.011 for 1.0 MGD annual average daily flow. All wastewater is sent to Pasco County via an interconnect for treatment. Cypress Cove Treatment - The Cypress Cove WTP consists of two (2) water supply wells, a gas chlorination system for disinfection, a polyphosphate chemical system, and two (2) 10,000 gallon hydropneumatic tanks. All Mad Hatter water systems with the exception of Paradise Lakes and Linda Lakes are permitted as a basin under Water Use Permit No. 590.011 for 1.0 MGD annual average daily flow. All wastewater is sent to Pasco County via an interconnect for treatment. Foxwood Lakes Treatment - The Foxwood Lakes WTP consists of one water supply well with a diesel engine drive back up, a gas chlorination system for disinfection, one (1) 10,000 gallon hydropneumatic tank. All Mad Hatter water systems with the exception of Paradise Lakes and Linda Lakes are permitted as a basin under Water Use Permit No. 590.011 for 1.0 MGD annual average daily flow. All wastewater is sent to Pasco County via an interconnect for treatment. Linda Lakes Treatment - The Linda Lakes WTP consists of one water supply well, treatment via liquid chlorine, and one (1) 5,000 gallon hydropneumatic tank. Due to the small size of this well a Water Use Permit is not required. This system is not part of Water Use Permit No. 590.011 The Linda Lakes service area also includes a small WWTP permitted to treat 20,000 gallons per day. The WWTP consists of a mechanical bar screen and grit removal system, four aeration basins, clarifier, chlorine contact chamber, digester and rapid infiltration basin. Paradise Lakes Treatment - The Paradise Lakes WTP consists of two wells, a 10,000 gallon hydropneumatic tank, a gas chlorination system for disinfection and an 8kW propane generator. This system is permitted for 77,000 annual average daily under Water Use Permit No. 6223. All wastewater is sent to Pasco County via an interconnect for treatment. - 10 - 98 Turtle Lakes Treatment - The Turtle Lakes WTP consists of two water supply wells, gas chlorination system for disinfection, and one (1) 20,000 gallon hydropneumatic tank. All Mad Hatter water systems with the exception of Paradise Lakes and Linda Lakes are permitted as a basin under Water Use Permit No. 590.011 for 1.0 MGD annual average daily flow. All wastewater is sent to Pasco County via an interconnect for treatment. Twin Palms Treatment - Abandonment of the Twin Palms water supply well was completed in FY 2015. This well was abandoned due to sand intrusion. Water is no longer produced at this site. Twin Palms receives it water supply from the Carpenters Run and Turtle Lakes WTPs. All wastewater is sent to Pasco County via an interconnect for treatment. SYSTEM OPERATIONS As shown in Table 8, all Consolidated System plant flows were under capacity leaving room for growth if needed. Table 8—Consolidated System Flows WTP Permitted Capacity Average Daily Flow %Capacity (MGD) (MGD) Anclote(Water purchased from Tarpon Springs) N/A 0.054 ? N/A Angus Valley(2 wells)—WUP Limit 0.145 0.114 79% Colonial Manor(Water purchased from Pasco) N/A 0.095 N/A Dixie Groves(2 wells)—WUP Limit 0.0536 0.034 63% Virginia City(1 well and interconnect)—WUP Limit 0.083 0.057 69% Westwood(1 well and Interconnect)—WUP Limit 0.029 0.015 52% Carpenters Run* 0.515 Cypress Cove* 0.159 Foxwood Lakes* 1.000 0.000 85% Turtle Lakes` 0.175 Paradise Lakes—WUP Limit 0.077 0.053 69% Linda Lakes N/A 0.012 N/A *These systems are combined and Permitted as a basin under the WUP. VVVV fP Permitted Capacity Three Month Average Average Daily Row %Capacity TMADF (MGD)TMADF Daily Flow(MGD) (MGD) Totals 0.020 0.037 0.020 185% The Consolidated Utility System served a total of 6,474 water customers and 3,337 wastewater customers in fiscal year 2016. - 11 - 98 LINDRICK UTILITY SYSTEM SERVICE AREA The Lindrick service area is comprised of approximately 3.24 square miles and consists of a population of approximately 4,600 people. The majority of the Lindrick service area is located west of US-19 on Florida's Gulf of Mexico coastline. Lindrick's water supply comes from the Floridan Aquifer. The water system serves its customers with eight permitted supply wells under Southwest Florida Water Management District(SWFWMD) water use permit number 2978.013. The majority of customers served are residential. Flows from the 19 lift stations in the Lindrick wastewater collection system are sent to the City of New Port Richey wastewater treatment plant under a bulk wastewater service agreement. The current agreement is in effect until July 1, 2021, and allows up to 700,000 gallons per day of treatment capacity. Under the terms of the agreement with the City of New Port Richey, the Lindrick system must maintain the chloride levels below 600 mg/1 and use its best efforts to achieve chloride levels of 400 mg/l. Chloride levels in the Lindrick wastewater system fluctuated between 317 milligrams per liter (mg/L) and 1,542 mg/L during FY 2016. In FY 2011 FGUA initiated a project to identify problem areas in the collection system and then to rehabilitate any pipes or facilities that might contribute to brackish ground water or salt water introduction into the collection system. This project was completed in FY 2014 / FY2015 and the chloride levels were 455 mg/L and 432 mg/L in 2014 and 2015, respectively. However, in FY 2016 chloride levels have begun to increase again and chloride levels averaged 736 mg/L which exceeded the agreement limits with the city of New Port Richey. FGUA initiated additional collection system repairs along Leeward Way, of which repairs carried forward into FY 2017. Due to the proximity of the Lindrick system with the Gulf of Mexico this issue will likely continue for the length of the agreement with the city of New Port Richey. Water Treatment The Lindrick system organized in 1960 to serve the Gulf Harbor Development and was acquired by the Lindrick Service Corporation in 1965. In November 2002 Lindrick Service Corporation began purchasing water from Pasco Reserve Corp. to supplement its water supply. Subsequently on November 9, 2009 ownership of the Lindrick Utility System and Pasco Reserve well field / transmission lines was transferred to the FGUA. The Lindrick system consists of six(6) permitted production wells (No. 2, 3, 4, 5, 6, 8). Wells No. 1 and 7 are currently out of service. Well No. 1 includes a 10,000 gallon hydropneumatic tank, Well No. 4 includes a 6,000 gallon hydropneumatic tank, and Well No. 5 includes a 5,000 gallon hydropneumatic tank. Water from all wells is conveyed to a centralized treatment system located at Well No. 1. Ammonium Sulfate and Liquid Chlorine is injected for disinfection. As shown in Table 9, plant flows averaged 0.569 MGD in fiscal year 2016 — 65% of the permitted raw water withdrawals. - 12- 98 Table 9—Lindrick Water Treatment Plant Flows WTP Permitted Capacity Average Daily Flow "/o Capacity (MGD) (MGD) p y Lindrick WTPs—WUP Limit 0.870 0.566 65% Lindrick WTPs—Treatment Capacity 1.944 0.566 29% Wastewater Treatment The Lindrick wastewater collection system serves a population of approximately 4,600 people and consists of approximately 550 manholes, 137,500 feet of gravity sewer and nineteen (19) lift stations. Lift station No. 17 is a triplex station with three pumps and all other stations are dual pump submersible type. The wastewater from the Lindrick area is pumped to the old Lindrick WWTP which has been converted to a "Master Lift Station" (No. 17). From the master lift station it is sent to the City of New Port Richey WWTP for treatment and disposal under a Bulk Wastewater Treatment Agreement which allows up to 700,000 GPD of treatment capacity. The bulk wastewater agreement was reduced from 850,000 GPD to the current 700,000 GPD in fiscal year 2013. The current ADF being sent to the City of New Port Richey is within the Bulk Wastewater Treatment Agreement and should provide enough capacity into the 10 year planning period. Table 10—Lindrick Wastewater Collection System Flows VVVVfP Bulk Service Agreement Average Daily Flow %Capacity (MGD) (MGD) Totals 0.700 0.466 67% The Lindrick Utility System served a total of 3,089 water customers and 2,586 wastewater customers in FY 2016. NORTH FORT MYERS UTILITY SYSTEM SERVICE AREA The North Fort Myers service area was initially organized by North Fort Myers Utility, Inc. on January 23, 1978, to provide central sewer service to Old Bridge Park, a mobile home community. Since then it has expanded its service area to include a large portion of the unincorporated area north of the Caloosahatchee River in Lee County, FL. On June 17, 2010, North Fort Myers Utility, Inc. sold the North Fort Myers Utility system to the Florida Governmental Utility Authority. The service area also includes two small water systems, Pine Lakes and Lake Fairways both located in Lee County, in North Fort Myers, at 10200 Pine Lakes Boulevard and 19371 North Tamiami Trail, respectively. The water distribution system is comprised of approximately 128,175 LF of 2" through 8" water mains serving approximately 1,841 residential units. Both communities are built out and future development or expansion is not expected. - 13 - 98 SYSTEM OPERATIONS Water Treatment The water distribution system consists of two separate systems: Pine Lakes and Lake Fairways. Both Pine Lakes and Lake Fairways systems are built out with no future development expected. The Pine Lakes water system is supplied by Lee County through a master meter. The master meter is located on U.S. 41. The Lake Fairways water system consists of two production wells in the Mid Hawthorn Aquifer which send the raw water to a centralized water treatment plant located inside the community. Raw water is sent to a tray aeration unit mounted on the roof of the ground storage tank which removes hydrogen sulfide and small amounts of ferrous iron. Liquid chlorine is used for disinfection. Treated water is stored in two (2) storage tanks located at the treatment plant. There is a 200,000 gallon concrete ground storage tank and a 7,500 gallon hydropneumatic tank. The Lake Fairways WTP current WUP limit is 37 MG annually (0.101 MGD). During fiscal year 2016, 30.295 MG (0.083 MGD) was withdrawn from the aquifer which is within the WUP limit. As shown in Table 11, plant flows averaged 0.083 MGD in 2016 — 82% of the plants permitted water use capacity. Table 11—North Fort Myers Water Treatment Plant Flows WTP Permitted Capacity Average Daily Flow %Capacity (MGD) (MGD) Lake Fairways—WUP limit 0.101 0.083 82% Lake Fairways—Treatment Capacity 0.200 0.083 42% Wastewater Treatment The North Fort Myers system is served by two separate collection and treatment facilities, the Del Prado WWTP and the Lake Fairways WWTP. The Del Prado WWTP is located in Northern Lee County in North Fort Myers, at 4100 Del Prado Boulevard, approximately 1.6 miles east of Tamiami Trail (US 41) and serves approximately 42,000 people. The treatment plant was recently expanded to 4.25 MGD annual average daily flow and 4.80 MGD three month average daily flow. The plant is an extended aeration process domestic wastewater treatment facility and includes an influent mechanical screen, a by-pass bar screen, grit removal system, two EQ tanks, two oxidation ditches, two clarifiers, a chemical feed system, two traveling bridge filters, a chlorine contact chamber, a reject chlorine contact chamber, two digesters, a rotary drum thickener with polymer feed system, a lime silo, two sludge holding tanks and a 1.0 MG reuse storage tank. There is also a 4.87 MGD deep injection well located at the WWTP. The Lake Fairways WWTP is an extended aeration process domestic WWTP with a permitted capacity of 0.300 MGD AADF. The facility consists of an influent screen, one surge tank, two aeration basins, two clarifiers, one digester and a clear well. The facility includes a public access reuse system which is used to irrigate the Pine Lakes golf course. The annual average daily flow for fiscal year 2016 was 3.665 MGD for the Del Prado WWTP. The current plant flow is within the plant's permitted capacity of 4.25 MGD. These flows have increased as a result of the Waterway Estates interconnect coming online. The Lake Fairways WWTP is also operating well within its permitted capacity. - 14- 98 Table 12-North Fort Myers Wastewater Treatment Plant Flows Permitted Capacity Three Month ADF Permitted Capacity Average Daily Row WWTP %Capacity AADF (MGD)TMADF (MGD) (MGD)AADF (MGD) Del Prado WWTP 4.80 4.00 4.250 3.665 86% Lake Fairways N/A N/A 0.300 0.150 50% WWTP The utility system served a total of 1,855 water customers and 11,963 wastewater customers in fiscal year 2016. MACDILL AIR FORCE BASE UTILTIY SYSTEM I SERVICE AREA The MacDill Air Force Base (AFB) is located eight miles south of downtown Tampa on the Southwestern tip of the interbay Peninsula on the west coast of Florida. The AFB privatized utilities in 2011 and ownership of all water and wastewater system assets transferred to the FGUA. The FGUA now has the primary responsibility in operating and maintaining the system. The MacDill AFB water system serves a population of approximately 12,800. The MacDill AFB purchases treated water from the City of Tampa Water Department through three interconnections. The MacDill AFB water system consists of treatment facilities, water storage tanks, and the transmission/distribution system, along with associated pumps, valves and appurtenances. Flows currently average 0.762 MGD. The MacDill AFB wastewater system consists of collection facilities, lift stations, force mains, treatment facilities, an effluent disposal system and a biosolids disposal system. The wastewater treatment facility is permitted for 1.20 MGD AADF and is a conventional activated sludge system. The facility was originally constructed in 1952 and has been upgraded 6 times since 1952. The available wastewater treatment and disposal capacities for MacDill AFB are considered adequate to meet present and future demands. Flows currently average around 0.549 MGD. SYSTEM OPERATIONS MacDill AFB Water Treatment Treated water is purchased from the City of Tampa Water Department (CTWD), which utilizes the Hillsborough River as its primary water source. CTWD treatment includes coagulation, flocculation, sedimentation, pH stabilization, disinfection, fluoridation, filtration, and final disinfection with chlorine and ammonia. Water is conveyed to the AFB through three interconnects with CTWD. Each of the three interconnects is equipped with a 6 inch water meter and backflow prevention device. The water system is well designed with multiple supply points, effective system looping, and sufficient storage capacity. The system utilizes sodium hypochlorite and ammonia to boost disinfection at the AFB. As shown in Table 13, the MacDill plant flows averaged 0.762 MGD for fiscal year 2016. - 15 - • 98 Table 13-MacDill AFB ADF WTP Permitted Capacity Average Daily Flow %Capacity (MGD) (MGD) All Water Purchased from CTWD N/A 0.762 N/A Wastewater Treatment The wastewater treatment plant is a 1.20 MGD annual average daily flow (AADF) conventional activated sludge system with mechanical bar screen, grit removal, flow equalization basin, pump station, fine bubble aeration basin, clarifiers, sand filters, chlorine contact basin and effluent pumping. Current plant flow is approximately 0.549 MGD or 46% of the total plant capacity. Treated effluent is sent to the north pond to supply two golf courses for irrigation. The golf courses include about 320 acres of land on the base. The annual average daily flow was 0.549 MGD. The current plant flow is within the plant's permitted capacity of 1.20 MGD. Table 14-MacDill AFB Wastewater 7 re4- lt Plant Flows T P Permitted Capacity Average Daily FlowVVW %Capacity (MGD) (MGD) p y Totals 1.20 0.549 46% LAKE AQUA UTILITY SYSTEM SERVICE AREA FGUA currently owns and operates twenty-five (25) water treatment plants (WTPs) and seven (7) wastewater treatment facilities (WWTFs) in Lake County, Florida consisting of both residential and commercial customers. SYSTEM OPERATIONS Water Treatment The water treatment systems provide potable drinking water to approximately 5,040 customers. Most of the water systems are relatively small, with 16 of the 25 systems serving 200 connections or less. Nine of the water treatment systems serve a customer base that ranges from 200 to 400 connections. The largest system in the group (Silver Lake Estates Water Treatment Plant) has a treatment capacity of 0.629 million gallons per day (MGD). Each water treatment system utilizes one or two water supply wells, most of which are permitted by the Florida Department of Environmental Protection and have a Consumptive Use Permit (CUP) from the St. Johns River Water Management District (SJRWMD). - 16- 9 2 As shown in Table 15, all Lake System plant flows were under capacity with the exception of Haines Creek. Table 15—Lake Aqua System Flows WTP Permitted Capacity Average Daily Flow "/o Ca acit (MGD) (MGD) p y 48 Estates—Plant Design Capacity 0.0570 0.015 26% Carlton Village—WUP Limit 0.1175 0.053 45% East Lake Harris Est.—WUP Limit 0.0329 0.019 58% Fairways at Mt.Plymouth—WUP Limit 0.232 0.084 36% Fern Terrace—WUP Limit 0.0484 0.020 41% Friendly Center N/A 0.001 N/A Grand Terrace—WUP Limit 0.0409 0.016 39% Haines Creek—WUP Limit 0.0061 0.012 197% Hobby Hills—WUP Limit 0.0270 0.011 41% Holiday Haven-Interconnect N/A 0.011 N/A Imperial Terrace 0.0300 0.014 47% King's Cove—WUP Limit 0.1360 0.039 29% Momingview—WUP Limit 0.0134 0.007 52% Palms MHP—WUP Limit 0.0215 0.012 56% Picciola—WUP Limit 0.0517 0.029 56% Piney Woods&Spring Lk Manor-WUP 0.0663 0.030 45% Quail Ridge—WUP Limit 0.0274 0.015 55% Ravenswood—WUP Limit 0.0170 0.007 41% Silver Lake Estates —WUP Limit 0.6290 0.364 58% Skycrest —WUP Limit 0.0277 0.017 61% Stone Mountain—WUP Limit 0.0137 0.001 7% Summit Chase—WUP Limit 0.0581 0.037 64% Valencia Terrace—WUP Limit 0.1166 0.045 39% Venetian Village—WUP Limit 0.0475 0.024 51% Western Shores—Interconnect w/Silver Lakes N/A N/A Estates Wastewater Treatment The seven (7) WWTFs serve a total of 1,243 customers in Lake County. These facilities range in size from 20,000 to 80,000 gallons per day. Process treatment at each facility consists of extended aeration treatment for domestic wastewater using chlorine disinfection for final treatment prior to effluent discharge. Effluent disposal usually consists of rapid infiltration basins or permitted reuse facilities using sprayfields. - 17 - 9B As shown in Table 16, all Lake Aqua System WWTP flows were under capacity leaving room for growth if needed. Table 16-Lake Aqua Wastewater Treatment Plant Flog Permitted Capacity Average Daily Flow VVVV fP (MGD)AADF (MGD) Capaciity Fairways at Mt.Plymouth 0.075 0.034 45% Holiday Haven 0.025 0.014 56% King's Cove 0.055 0.026 47% Morningview 0.020 0.005 25% Summit Chase 0.054 0.018 33% Valencia Terrace 0.080 0.029 36% Venetian Village 0.036 0.026 72% The Lake Aqua Utility System served a total of 5,040 water customer accounts and 1,243 wastewater customer accounts as of September 30, 2016. PASCO AQUA UTILITY SYSTEM SERVICE AREA The FGUA Pasco Aqua Utility System is comprised of three potable water systems that serve approximately 3,272 connections, primarily residential. Two of these systems, Jasmine Lakes and Zephyr Shores have their own water treatment plants (WTPs) while the third system, Palm Terrace, purchases water from Pasco County Utilities and requires no additional treatment before distribution to its customers. FGUA uses both treated groundwater and purchased water to serve its customers in the Pasco Aqua Utility System. Jasmine Lakes The Jasmine Lakes Water Treatment Plant (WTP) is located at 7612 Pineapple Lane in Port Richey. Four (4) groundwater supply wells, referenced as the Oak Hill and Hickory Hill wells, provide the source of water for the Jasmine Lakes WTP. Jasmine Lakes WTP has four groundwater wells that pump water into a 500,000 gallon, concrete ground storage tank for raw water storage. The raw water is treated by chlorination after it is pumped from the ground storage tank and receives disinfection contact time in a 20,000 gallon hydropneumatic tank prior to entering the distribution system. The hydropneumatic tank does not contain air, so it is acting solely as a contact tank. The Jasmine Lakes WWTF is a Type II extended aeration domestic wastewater treatment facility located at 1000 Holly Lane in Port Richey. The WWTF has a capacity of 370,000 gallons per day (gpd) permitted on the basis of a three-month rolling average daily flow (3MRAF). It is limited to 308,000 gpd annual average daily flow (AADF) however due to limited effluent disposal. - 18 - 9B Palm Terrace Palm Terrace Gardens is located north of the Jasmine Lakes utility system in Port Richey, and is a consecutive system that purchases all of its water from Pasco County Utilities. The Palm Terrace Gardens WWTF is located at 116 Arbordale Drive in New Port Richey, and has a permitted AADF capacity of 130,000 gallons per day (gpd). The facility is permitted in terms of annual average daily flow (AADF) and is a Type II, extended aeration domestic wastewater treatment facility. Zephyr Shores The Zephyr Shores water treatment plant is located at 35235 State Road 54 in Zephyrhills. The WTP is served by two (2) water supply wells that are located on the plant site. Zephyr Shores WTP has two wells that pump water into a hydropneumatic tank. The system was recently converted to chloramines and the emergency interconnect with Pasco County was rehabilitated. The Zephyr Shores wastewater system is a collection system only. Wastewater is sent to Pasco County Utilities for treatment. SYSTEM OPERATIONS As shown in Table 17, all Pasco Aqua System plant flows were under capacity with the exception of Zephyr Shores which was at 118% of its WUP limit. Table 17—Pasco Aqua System Flows Permitted Capacity Average Daily Flow WTP (MGD) (MGD) %Capacity Jasmine Lakes—WUP Limit 0.318 0.212 67% Palm Terrace-Interconnect N/A 0.132 N/A Zephyr Shores—WUP Limit 0.028 0.033 118% Table 18—Pasco Aqua Wastewater Treatment Plant Flows Permitted Capacity Average Daily Flow VWYTP (MGD)AADF (MGD) %Capacity Jasmine Lakes 0.308 0.204 66% Palm Terrace 0.130 0.104 80% Zephyr Shores-Interconnect N/A N/A N/A The Pasco Aqua Utility System served a total of 3,272 water customer accounts and 3,106 wastewater customer accounts as of September 30, 2016. - 19- B UNIFIED AQUA UTILITY SYSTEM SERVICE AREA The FGUA owns and operates 43 water treatment systems and 12 wastewater systems located throughout various Florida counties which include Alachua, Citrus, Hardee, Lee, Marion, Orange, Polk, Putnam, Seminole, and Volusia Counties. These facilities are collectively referred to as the Unified Systems. SYSTEM OPERATIONS Water Treatment Permitted capacities for the water treatment systems range from a minimum of 21,096 gpd (Putnam County) to a maximum of 541,589 gpd (Seminole County). Twelve (12) of the water systems do not have consumptive use permits due either to the smaller size of their system or because the facility purchases water from a neighboring utility. Most of the water facilities are relatively small with 31 systems serving 200 connections or less. Seven (7) of the water treatment systems serve between 200 and 400 connections while the largest system in the group (Seminole County - Chuluota) has a permitted capacity of 0.542 million gallons per day (MGD) and serves 1,410 connections. Each water treatment system utilizes one or two water supply wells, most which are permitted by the Florida Department of Environmental Protection and have a Consumptive Use Permit (CUP) from one of the Florida Water Management Districts (WMDs). As shown in Table 19, all Unified System plant flows were under capacity with the exception of the Twin Rivers WTP which is slightly over capacity. Table 19—Unified System Flows WTP Permitted Capacity Average Daily Flow %Capacit (MGD) (MGD) y Arredondo Estates—WUP Limit 0.068 0.032 47% Beecher's Point-Interconnect 0.025 0.009 36% Belleair-Interconnect N/A 0.045 N/A Belleview Hills&JA-Interconnect N/A 0.017 N/A Belleview Hills Est. -WUP Limit 0.092 0.050 54% Breeze Hill—WUP Limit 0.054 0.007 13% Castle Lake 0.167 0.012 7% Chappell Hills 0.065 0.006 9% Chuluota—WUP Limit 0.540 0.426 79% Fairfax Hills 0.100 0.012 12% Gibsonia—WUP Limit 0.075 0.035 47% Harmony Homes—WUP Limit 0.023 0.010 43% Hawk's Point—WUP Limit 0.042 0.019 45% Hermit's Cove/St.John's Highlands 0.130 0.030 23% Interlachen/P.M.—WUP Limit 0.056 0.030 54% - 20- 9B .....,_ Jungle Den-Interconnect N/A 0.005 N/A Kenwood North 0.115 0.006 5% Lake Gibson-WUP Limit 0.243 0.127 52% Marion Hills 0.036 0.005 14% Meadows,The 0.160 0.008 5% Ocala Oaks-WUP Limit 0.286 0.132 46% Orange Hill&Surgar Creek-WUP Limit 0.071 0.038 54% Palm Port-WUP Limit 0.021 0.010 48% Peace River 0.129 0.023 18% Pine Valley 0.044 0.007 16% Pomona Park 0.1700.023 14% Ridge Meadows 0.130 0.007 5% River Grove 0.030 0.018 60% Rosalie Oaks 0.125 0.007 6% Saratoga Harbor 0.158 0.003 2% Welaka 0.086 0.013 15% Silver Lake Oaks 0.032 0.005 16% Tangerine-WUP Limit 0.127 0.073 57% Tomoka View-WUP Limit 0.053 0.037 70% Twin Rivers-WUP Limit 0.022 0.023 105% Village Water-Interconnect N/A 0.081 N/A West Citrus 0.072 0.009 13% West View 0.050 0.006 12% Woodberry Forest-Interconnect N/A 0.015 N/A Wootens 0.036 0.002 6% Wastewater Treatment The twelve wastewater systems range in size from 12,000 to 264,000 gpd. The collections systems which serve these facilities include approximately 166,000 linear feet of gravity mains and force mains in addition to associated pump stations. Two of the wastewater systems (Lake Gibson and Beecher's Point) pump flows to a neighboring utility for treatment and disposal. The remaining ten systems in the group have treatment facilities consisting of extended aeration process treatment for domestic wastewater using chlorine disinfection for final treatment prior to effluent discharge. Depending on the facility, effluent disposal consists of using permitted reuse facilities comprised of rapid infiltration basins, percolation ponds, holding ponds and sprayfields spray irrigation (golf course), or through an existing reclaimed water agreement(City of Oviedo). As shown in Table 20, all Unified System plant flows were under capacity with the exception of the Village Water WWTP which is slightly over capacity. - 21 - 98 Table 20—Unified Wastewater Treatment Plant Rows VVVV fP Permitted Capacity Permitted Capacity Three Month Average Average Daily , y (MGD)AADF (MGD)TMADF Daily Flow(MGD) Flow(MGD) 7o Capacit Beecher's Point 0.014 N/A N/A 0.008 57% Breeze Hill N/A 0.040 0.029 0.021 73% Chuluota 0.150 N/A N/A 0.119 79% FI.Cent.Comm.Pk.** 0.095 N/A N/A 0.027 28% Jungle Den 0.021 N/A N/A 0.015 71% Lake Gibson* N/A N/A N/A N/A N/A Palm Port 0.030 N/A N/A 0.013 43% Park Manor 0.015 N/A N/A 0.008 53% Peace River N/A 0.040 0.037 0.032 93% Rosalie Oaks N/A 0.040 0.033 0.028 83% Silver Lake Oaks 0.012 N/A N/A 0.005 42% South Seas 0.264 N/A N/A 0.145 55% Village Water 0.045 0.075 0.053 0.048 107% *Lake Gibson is an Interconnected System **Florida Central Commerce Park WWTP decommissioned in Sept 2016 and interconnected with the city of Longwood. The Unified Aqua Utility System served a total of 7,699 water customer accounts and 1,992 wastewater customer accounts as of September 30, 2016. Economic Condition The information presented in the financial statement is perhaps best understood when it is considered from the broader perspective of the specific environment within which the FGUA utility systems are located. Both the Lehigh Acres system and the North Fort Myers system are located in Lee County, which had been one of the fastest growing regions in the nation until the downturn in the housing market. According to data from the Florida Legislature Office of Economic and Demographic Research, Lee County's population was anticipated to increase from 618,754 in 2010 to 680,539 in 2016, an increase of 10.0%. The increase in the number of housing units permitted in Lee County increased from 4,095 in 2014 to 6,879 in 2015, an increase of 67.99%. The unemployment rate continued to decline from the peak of 12.6% in 2010 to 5.0% in 2015. Recent foreclosure information suggests that the housing market is slowly improving, but significant recovery may take a number of years. Personal bankruptcy filings improved from 2.29 per 1,000 of population in 2015 to 1.58 per 1,000 of population as of September 30, 2016. The two Lee County systems have a significant amount of undeveloped land for future growth and expansion. - 22 - ` 9B The Golden Gate System is located in Collier County. There is limited potential for new residential and commercial growth with the Golden Gate service area. According to data from the Florida Legislature Office of Economic and Demographic Research, Collier County's population was anticipated to increase from 321,500 in 2010 to 350,202 in 2016, an increase of 8.9%. The increase in the number of housing units permitted in Collier County increased from 3,310 in 2014 to 4,060 in 2015, an increase of 12.47%. The unemployment rate continued to decline from the peak of 11.6% in 2010 to 5.2% in 2015. Personal bankruptcy filings improved from 2.68 per 1,000 of population in 2015 to 1.37 per 1,000 of population as of September 30, 2016. The Pasco, Lindrick, Consolidated and Pasco Aqua Utility Systems are located in Pasco County. According to data from the Florida Legislature Office of Economic and Demographic Research, Pasco County's population is anticipated to increase from 464,697 in 2010 to 495,868 in 2016, an increase of 6.7%. The number of housing units permitted in Pasco County decreased from 2,785 in 2014 to 2,639 in 2015, a decrease of(5.2%). The unemployment rate continued to decline from the peak of 11.9% in 2010 to 5.8% in 2015. Personal bankruptcy filings continued to improve from 2.72 per 1,000 of population in 2015 to 2.37 per 1,000 of population as of September 30, 2016. Again, recent data suggests an improvement in market conditions. Portions of the FGUA service areas in Pasco County (Seven Springs) have significant potential for future growth and development, while others have limited growth opportunities. The Lake Aqua Utility Systems are located in Lake County. The FGUA service area within Lake County is largely built out and has limited growth opportunities. According to data from the Florida Legislature Office of Economic and Demographic Research, Lake County's population is anticipated to increase from 297,047 in 2010 to 323,985 in 2016, an increase of 9.1%. The number of housing units permitted in Lake County increased from 2,488 in 2014 to 2,778 in 2015, an increase of 11.7%. The unemployment rate continued to decline from the peak of 11.8% in 2010 to 5.4% in 2015. Personal bankruptcy filings continued to improve from 3.07 per 1,000 of population in 2015 to 2.45 per 1,000 of population as of September 30, 2016. The Unified Aqua Utility System is spread throughout 10 different Florida Counties. A majority of the customers are located within Seminole County and Polk County. According to released data from the Florida Legislature Office of Economic and Demographic Research, Florida's population is anticipated to increase by 311,405 from 2015 to 2020. The number of housing units permitted in Florida is back in positive territory, showing continued strong growth throughout the State. The unemployment rate continued to decline from the peak of 10.5% in 2010 to 4.9% as of September 30, 2015. Internal Control In developing and evaluating the FGUA's accounting system, consideration is given to the adequacy of internal accounting controls. Internal accounting controls are designed to provide reasonable, but not absolute assurance regarding: (1) the safeguarding of assets against loss from unauthorized use or disposition; and (2) the reliability of financial records for preparing financial statements and maintaining accountability for assets. The concept of reasonable assurance recognizes that: (a) the cost of a control should not exceed the benefits likely to be derived there from; and (b) the evaluation of costs and benefits requires estimates and judgments by management. We believe all internal control evaluations occur within the above framework and that the FGUA's internal accounting controls adequately safeguard assets and provide reasonable assurance of proper recording of financial transactions. -23 - 98 Budgetary Control The FGUA maintains a system of budgetary controls. The objective of these controls is to ensure compliance with legal provisions embodied in the annual appropriated budget approved by the Board. The level of budgetary control (i.e., the level at which expenditures cannot legally exceed the appropriated amount) is at the fund level. The FGUA also maintains an encumbrance system as one method of maintaining budgetary control. Encumbered amounts lapse at year end; however, outstanding encumbrances are re-appropriated as part of the following year's budget. The budget process begins in the spring, when the staff develops proposed capital projects and operating budgets, with input from the Capital Program and Operations Managers and the Contract Operator. A planning retreat by the Board of Directors and senior staff is conducted in February or March of each year and is used to establish or update long-range system goals. Detailed budgets are presented by staff to the Systems Manager in late May. The System Manager's budget is forwarded to the Board of Directors in June. Any adjustments to the budget, to include public hearings for any • necessary rate changes, are typically conducted in August and September. The Board of Directors approves the final budget at a public hearing in September for the new fiscal year that begins October 1. As demonstrated by the statements and schedules included in the financial section of this report,the FGUA meets its responsibility for sound financial management. Factors Affecting Financial Condition Capital Improvement Program —The FGUA has adopted a five-year Capital Improvement Program (CIP) for the years 2017 to 2021, which outlines additions and improvements to its utility systems. The FGUA reviews and updates this five-year plan annually, authorizing appropriations for those projects scheduled to be started during the ensuing fiscal year. The cost of all new projects for fiscal year 2017 is approximately $18.9 million, and is estimated to total $60.0 million for the fiscal years 2017 — 2021. The CIP for each system is segregated into five major program areas, as follows: Wastewater Collection — This program calls for improvements to existing wastewater lines as well as the addition of new lines as the customer base increases. This program also calls for renewal of the existing system by repairing lines that allow infiltration/inflow and the rehabilitation of lift stations. Wastewater Treatment Facilities/Disposal — This program seeks to increase existing capacity as well as upgrade existing facilities. The objectives of this program are to promote reuse of reclaimed water, protect the environment, ensure that treatment capacity is available for growth, and ensure that facilities are in compliance with regulations of the United States Environmental Protection Agency and the State of Florida Department of Environmental Protection. Water Treatment Facilities (Water Production/Treatment)—This program ensures that the FGUA is able to deliver water to its customers during peak periods by expanding current production capabilities. This program also includes a comprehensive renewal program which provides for maintenance of water tanks, well pump facilities, well power systems, and filtration equipment. Water Distribution — This program calls for improvements to existing water lines as well as the addition of new lines as the customer base increases. -24- 9B Meters — In order to maintain accurate water usage data for appropriate billing and reporting, the FGUA replaces meters each year. Most residential meters are replaced at ten years of age. Larger meters need to be replaced more frequently. General Projects— Specific project cost centers are created for special large projects as needed. The successful implementation of FGUA's Capital Improvement Program calls for a portion of funding to be provided through existing balances of construction funds from bonds, with the remaining amounts to be funded from operating revenues and impact fees. Financial Policies In January 2009, the FGUA Board approved a Net Asset (Working Capital) Policy in order to maintain and improve financial stability and manage its financial resources for its various enterprise funds to: (1) provide sufficient cash flow for daily financial needs, (2) secure and maintain the highest possible investment grade bond ratings, (3) position properly for significant economic downturns or revenue shortfalls, and (4) provide funds for unforeseen expenditures related to emergencies. The FGUA's investment policy is designed to minimize credit and market risk while maintaining a competitive yield on its investments. As of the end of the Fiscal Year all deposits were entirely covered by either federal depository insurance or pooled collateral held by the State Treasurer pursuant to Chapter 280, Florida Statutes. Awards and Acknowledgements The Government Finance Officers Association of the United States and Canada (GFOA) awarded a fourteenth consecutive Certificate of Achievement for Excellence in Financial Reporting to the Florida Governmental Utility Authority for its Comprehensive Annual Financial Report for the fiscal year ending September 30, 2015. In order to be awarded a Certificate of Achievement, a government must publish an easily readable and efficiently organized comprehensive annual financial report. This report must satisfy both generally accepted accounting principles and applicable legal requirements. A Certificate of Achievement is valid for a period of one year only. We believe that our current Comprehensive Annual Financial Report continues to meet the Certificate of Achievement Program's requirements, and we are submitting it to the GFOA to determine its eligibility for another certificate. The preparation of this report could not have been accomplished without the efficient and dedicated services of the financial staff. Appreciation is expressed to all those who assisted and contributed to its preparation and to the Board for its interest and support in planning and conducting the operations of the FGUA in a responsible manner. Respectfully submitted, Stephen M. Spratt, System Manager David M.DiLena, CPA,Chief Financial Officer -25 - 98 Government Finance Officers Association Certificate of Achievement for Excellence in Financial Reporting Presented to Florida Governmental Utility Authority For its Comprehensive Annual Financial Report for the Fiscal Year Ended September 30, 2015 ote.0404, Executive Di rector/CEO - 26- 9B FGUA ORGANIZATION CHART Board of Directors � L l� �i '� ' X06 ••y^{ � a .T. �F k Operations Capita Irak ct ch of r anci Community Manager Manager Officer Services Manager Consulting Community Service Contract Operators Rate Consultants i Engineers Representatives - 27 - 9B List of Principal Officials Board Members Name Local Government Title Lea Ann Thomas, Chair Polk County Deputy County Manager Marjorie Craig(Alternate) Polk County Utilities Director James Cheek,P.E.,Vice Chair Citrus County Director of Water Resources Department Christina Malmberg(Alternate) Citrus County Water Resources Department C.B. Flip Mellinger Pasco County Assistant County Administrator Robert J. Sigmond(Alternate) Pasco County Fiscal and Business Services Director Doug Muerer,P.E. Lee County Assistant County Manager,Public Works Pam Keyes,P.E. (Alternate) Lee County Utilities Director Shane Parker,P.E., Vice Chair Hendry County County Engineer Angel Roussel,P.E. Marion County Director of Marion County Utilities Brian Moree(Alternate) Marion County Assistant County Administrator Systems Manager Government Services Group, Inc. Stephen Spratt,Vice President David M. DiLena, CPA,Chief Financial Officer General Counsel Pennington,P.A. John C. Pelham Utility Counsel Nabors,Giblin&Nickerson,P.A. Heather Encinosa Bond Counsel Nabors, Giblin&Nickerson,P.A. Chris Traber Rate Consultant Public Resources Management Group, Inc. Robert J. Ori,President Financial Advisor Ford&Associates, Inc. Jon Ford - 28 - ` 98 �t. TAB 2 . ...................,,, , 3r Financial Section s„ a m� LAIV ,44 .L bra tit � Y gV. :4 x r x::;. x .40ir'' 't Ott " 'Sri tid �nu4y t lit; •,:,..,„„..,,,,,,';P:,.',...!...,;,-,4.•••,E,.,;,...,:4.' omot,,,,...,::,.,3„.,,,,.,:..:.,,..:,,,,.1,..tio:14'f,:r.,.....1114:,.,.,,,.; '.,.,,,..,. :3'gli,,,,,,.1.:::'.'8:A:.,.'.,A.:,..„,...i.;:,..':..:.:..:,..1,,,,,.'',::.1..,..:'. . Ole 'It, • ,� .:. , � • xc *4•.,:. ..., x.. y 1 a - 9B James Moore Certified Public Accountants and Consultants INDEPENDENT AUDITORS' REPORT To the Board of Directors, Florida Governmental Utility Authority: Report on the Financial Statements We have audited the accompanying financial statements of the business-type activities and each major fund of Florida Governmental Utility Authority (the Authority), as of and for the year ended September 30, 2016, and the related notes to the financial statements, which collectively comprise the Authority's basic financial statements as listed in the table of contents. Management's Responsibility for the Financial Statements The Authority's management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error. Auditors'Responsibility Our responsibility is to express opinions on these financial statements based on our audit. We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditors' judgment, including the assessment of the risks of material misstatement of the financial statements,whether due to fraud or error. In making those risk assessments,the auditors consider internal control relevant to the entity's preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity's internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management,as well as evaluating the overall presentation of the financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions. -29- 121 Executive Circle 5931 NW 1st Place 2477 Tim Gamble Place,Suite 200 Daytona Beach,FL 32114-1180 Gainesville,FL 32607-2063 Tallahassee,FL 32308-4386 Telephone:386/257-4100 Telephone:352/378-1331 Telephone:850/386-6184 Fax:386/252-0209 Fax;352/372-3741 1-ax,850/422-2074 dab@jmco.com gnv@jmco.com tlh@jmeo:com Member of AGN international with offices in principal cities worldwide 9 B Opinions In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of the business-type activities and each major fund of the Authority, as of September 30, 2016 , and the respective changes in financial position and cash flows thereof for the year then ended in accordance with accounting principles generally accepted in the United States of America. Other Matters Required Supplementary Information Accounting principles generally accepted in the United States of America require that the management's discussion and analysis, as listed in the table of contents, be presented to supplement the basic financial statements. Such information, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board, who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management's responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance. Other Information Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the Authority's basic financial statements. The introductory and statistical sections are presented for the purposes of additional analysis and are not a required part of the basic financial statements. The introductory section and statistical sections have not been subjected to the auditing procedures applied in the audit of the basic financial statements, and accordingly, we do not express an opinion or provide any assurance on it. Other Reporting Required by Government Auditing Standards In accordance with Government Auditing Standards, we have also issued our report dated March 10, 2017, on our consideration of the Authority's internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements and other matters. The purpose of that report is to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on the internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the Authority's internal control over financial reporting and compliance. 01444-v r Daytona Beach, Florida March 10, 2017 -30- 9 R FLORIDA GOVERNMENTAL UTILITY AUTHORITY MANAGEMENT'S DISCUSSION AND ANALYSIS SEPTEMBER 30,2016 As management of the Florida Governmental Utility Authority(FGUA), we offer readers of the FGUA's financial statements this narrative overview and analysis of the financial activities for the fiscalyear ending September 30, 2016. We encourage readers to consider the information presented here in conjunction with additional information that we have furnished in our letter of transmittal, which can be found in the introductory section of this report. FINANCIAL HIGHLIGHTS he assets and deferred 2016 outflows of the FGUA exceeded its liabilities Deferred Outflows Liabilities and deferred inflows at the $670,562 $455,921,943 close of fiscal year 2016 by $78,486,941 as the chart to the right indicates. Of this amount, _ $52,844,021 may be used to NS �� meet the FGUA's ongoing obligations to citizens and creditors (Unrestricted Net Position). This is an increase of $10,428,714 or 25% in Assets unrestricted net position from $533,738,322 Net Position $78,486,941 the prior year. FGUA's total net position increased by $14 million in fiscal year 2016. As the chart on the next page indicates, all systems net positions increased as follows: • The MacDill AFB Utility System contributed $4.6 million or 32.6% of the increase in total net position,primarily thanks to capital grants. • The Consolidated Utility System contributed $1.7 million or 12.4% of the increase in total net position. • The Golden Gate Utility System contributed $1.7 million or 12% of the increase in total net position. • The Lehigh Utility System contributed $1.5 million or 11% of the increase in total net position, primarily because of cost saving from bond refunding. • The Lake Aqua, Pasco Aqua, and Unified Aqua Utility Systems contributed a combined $1.5 million or 10.5%of the increase in total net position. • The North Fort Myers Utility System contributed $1.5 million or 10.4% of the increase in total net position. • The Pasco Utility System contributed$1.2 million or 8.4%of the increase in total net position. • The Lindrick Utility System contributed$322,996 or 2.3%of the increase in total net position. • The Authority has one non-specific fund that pre-pays expenses, and then is reimbursed by the appropriate enterprise funds upon determination of a reasonable allocation basis. It also pays for the rare non-allocable expenses for minor contractual services provided to the Authority. This fund had an increase in net position of$57,484, which increased the FGUA total net position by 0.4%. - 31 - FLORIDA GOVERNMENTAL UTILITY AUTHORITY 9 f3 MANAGEMENT'S DISCUSSION AND ANALYSIS SEPTEMBER 30,2016(continued) Increase (decrease) in Net Position by System for the Year Ending September 30, 2016 MacDIII AFB Consolidated $1,741 Golden Gate a %� $1,678 Lehigh Acres // %%'oy" $1,538 North Fort Myers .' 'y%%'' $1,462 Pasco IUU /i%i%%%%' $1,183 Unified Aqua $747 Pasco Aqua I $635 Lindrick /%' $323 Lake Aqua ,U` $95 Non-System Specific $57 $- $1,000 $2,000 $3,000 $4,000 $5,000 Thousands The net decrease in total debt as of September 30, 2016 was $15,670,608. As the chart on the next page indicates, the Lehigh Utility system had the greatest decrease in debt ($15.6 million). The proceeds from the Lehigh Series 2014 Refunding Revenue Bonds ($19.6 million)were placed into an Escrow Deposit Agreement with Wells Fargo Bank on October 8, 2014 (FY 2015), and were paid out to the series 2005 bondholders on October 1, 2015 (FY 2016). The Barefoot Bay Utility System is treated like a custodial fund, where FGUA records the outstanding debt, along with the restricted assets secured to pay the debt as it becomes due. In fiscal year 2016, principal payments reduced the debt in this system by $530,000. While most of the utility systems experienced a decrease in total debt, Golden Gate, Lehigh, North Fort Myers, Lindrick and Consolidated Utilities took on debt to fund an energy savings program. These five utility systems are currently installing more efficient equipment. The savings from more efficient equipment is expected to be more than adequate to repay the additional debt. More information can be found in Note 7 of the Financial Section. - 32 - FLORIDA GOVERNMENTAL UTILITY AUTHORITY 9 B MANAGEMENT'S DISCUSSION AND ANALYSIS SEPTEMBER 30,2016(continued) Total Debt by Systems as of September 30 in ". SE 2016 n 2015 ui c4 $120 g I $100 1 tx m N i II $$0 .iii. ca 00 o c 4.4 to $60 a0 0' c fres t tis th o o o u, a±,,"± $40 IP I�.r j) N N N OJ 0, SIS CQ M ^ N N o ,n lop -`l'• tis yr v ui h '°''i ,-1 sh rj — Itis .a ,I may} tAV} $20 v il L1tn u, 3 C�aQ 41' ��ay �4co a'c �6- 4., c .'b Pk0 Qsa QJ'a QJa C�° bacoN tr< Q JS hoc Utility System OVERVIEW OF THE FINANCIAL STATEMENTS This discussion and analysis is intended to serve as an introduction to the Florida Governmental Utility Authority's (FGUA) basic financial statements. Since the FGUA is a special-purpose government involved solely in the provision of water and wastewater services to its customers on a fee basis, all funds are accounted for in Proprietary Funds, specifically eleven enterprise funds. Therefore, there are no government-wide financial statements, as they would be redundant to the fund financial statements. This report contains fund financial statements and notes to the financial statements. The report also contains other supplementary information in addition to the basic financial statements themselves. Fund Financial Statements A fund is a grouping of related accounts that is used to maintain control over resources that have been segregated for specific activities or objectives. The FGUA, like other state and local governments, uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements. All funds of the FGUA are proprietary funds, with one fund set up for each geographically separate utility system operated by the FGUA. Proprietary Funds The FGUA operates only one type of proprietary fund, and a separate enterprise fund is maintained for each utility system. Enterprise funds are used to report business-type functions, which recover all or a significant portion of their costs through user fees and charges. - 33 - FLORIDA GOVERNMENTAL UTILITY AUTHORITY 9 B MANAGEMENT'S DISCUSSION AND ANALYSIS SEPTEMBER 30,2016(continued) The proprietary fund financial statements are comprised of a Statement of Net Position, a Statement of Revenues, Expenses and Changes in Net Position, and a Statement of Cash Flows. The Statement of Net Position presents information on the FGUA's assets, deferred outflows of resources, liabilities, deferred inflows of resources and net position. The Statement of Revenues, Expenses and Changes in Net Position presents information on the revenues received,the expenses incurred, and the positive or negative results of the individual utility system's increase or decrease in net position, presented on an accrual basis. The Statement of Cash flows provides information on the cash flows of each utility system, based on operations, financing activities, capital uses, and investment activities and a supplemental schedule of noncash activities. Notes to the Financial Statements The notes provide additional information that is essential to a full understanding of the data provided in the financial statements. Other Information In addition to the basic financial statements and accompanying notes, this report also presents supplementary information concerning its compliance with the funding of outstanding debt issues. This information, known as Coverage Ratios, is provided as part of the information contained in the Statistical Section of this report. GOVERNMENT-WIDE FINANCIAL ANALYSIS Net position may serve over time as a useful indicator of a government's financial position. In the case of the Florida Governmental Utility Authority, the assets and deferred outflows exceeded the liabilities and deferred inflows by $78 million at the close of fiscal year 2016. See the condensed Statement of Net Position on the table on the next page. • Net investment in capital assets (e.g. land, buildings, and equipment) is presented net of any depreciation and the outstanding balances of any bond or other borrowings that are attributed to the acquisition, construction, or improvements of those assets. These assets are used to provide services to our customers, and consequently, these assets are not available for future spending (restricted). Net investment in capital assets ended the year with a deficit balance of$16,569,953 which is a $741,920 decrease from the prior year deficit balance of $17,311,873. The deficit decreased because more capital assets were added than depreciation was expensed, and because more capital asset-related debt was paid off than was incurred. • Net Position Restricted for Capital Projects ended the year with a balance of$12,586,073, which is an increase of$1.8 million. This is the balance in the Renewal and Replacement fund and the Water Capacity and Wastewater Capacity funds. These funds are restricted impact fees and by bond covenants to be used only for the purchase or construction of capital assets to renew and expand the utilities' assets. • Net Position Restricted for Debt Service ended the year with a balance of$29,626,800 which is an increase of$1,052,615 as compared to the prior year. Restricted for Debt Service represents resources reserved for payment of the debt service (principal and interest) on external debt; consequently,these assets are not available for other uses. • Net Position Unrestricted ended the year with a balance of$52,844,021 which is an increase of $10.4 million or 24.6%as compared to the prior year and is available for other budgetary uses of the FGUA. -34- FLORIDA GOVERNMENTAL UTILITY AUTHORITY B MANAGEMENT'S DISCUSSION AND ANALYSIS SEPTEMBER 30,2016(continued) Florida Governmental Utility Authority Condensed Statement of Net Position 2016 2015 Current& Other Assets $ 256,835,496 $ 259,816,084 Capital Assets 276,902,826 277,163,602 Assets 533,738,322 536,979,686 Deferred loss on bond refunding 670,562 384,214 Deferred Outflows 670,562 384,214 Assets & Deferred Outflows $ 534,408,884 $ 537,363,900 Long Term Liabilities $ 422,546,779 $ 418,245,036 Other Liabilities 33,375,164 54,655,783 Total Liabilities 455,921,943 472,900,819 Net Position Net investment in Capital Assets (16,569,953) (17,311,873) Restricted for Capital Projects 12,586,073 10,785,462 Restrcited for Debt Service 29,626,800 28,574,185 Unrestricted 52,844,021 42,415,307 Total Net Position $ 78,486,941 $ 64,463,081 In the past year, assets decreased by $3 million or 0.60%. The cash in from the additional $15 million from SunTrust for the Energy Savings program offset the $19 million that was paid to defease the Lehigh 2005 Series bonds. The remainder of the decrease in assets is the interrelation between the increase in operating income, debt service payments, and deprecation. Deferred Outflows increased by $286,348 as the FGUA began amortizing a loss on the advance refunding of the Lehigh Series 2005 bonds. Total liabilities decreased by $17 million or 3.6%. Short term liabilities decreased most significantly because of the $19 million refunding of the Lehigh 2005 bonds in October 2015. Despite the issuance in $15 million in new debt for the Energy Savings program, long term liabilities increased only$4.3 million, because the FGUA pays approximately $10 million a year in principal. The increase in net position of $14 million represents the degree to which revenues have exceeded expenses in the past year combined with the decrease in debt. The refundings of Golden Gate and Lehigh bonds over the past three years has resulted in significantly lower interest expense. See chart on the next page. Operating revenues increased 4.46% which was adequate to cover the 3.45% increase in operating expenses. The increase in operating revenues is partially due to rate increases which varied by system between 1.7%to 3.2%. Additionally, one of the most significant changes was the adoption of an inactive charge effective October 1, 2015 on the Aqua system rates. This effectively spreads base fees more fairly across all connections,and is practiced in all the other FGUA utilities. -35 - FLORIDA GOVERNMENTAL UTILITY AUTHORITY 9 B MANAGEMENT'S DISCUSSION AND ANALYSIS SEPTEMBER 30,2016(continued) Operating expenses increased 3.45%. Nearly 90%of the FGUA's operating expenses are set in multi-year contracts which increase annually on an agreed-up consumer price index. For the fiscal year ending September 30, 2016, all of the FGUA utility systems' net positions increased. The FGUA continues to maintain a financially healthy system. The unrestricted cash balance increased by 24% from $39.4 million at FYE 2015 to $49.1 million at FYE 2016, showing a financially healthy utility system with good liquidity. Florida Governmental Utility Authority Condensed Statement of Revenues,Expenses, and Changes in Net Position 2016 2015 Operating revenues Water and wastewater revenues $ 80,618,152 $ 76,532,418 Other operating revenues 2,892,330 3,413,729 Operating expenses (40,562,861) (39,211,592) Operating income before depreciation and amortization 42,947,621 40,734,555 Depreciation and amortization (18,737,495) (18,191,389) Operating income 24,210,126 22,543,166 Non-Operating revenues (expenses) Investment revenue,net 754,268 709,064 Operating grants 292,386 - Miscellaneous non-operating revenues 295,944 270,238 Interest expense,net (17,468,033) (18,562,920) Debt issuance cost (153,398) (621,419) Income (loss)before capital contributions 7,931,293 4,338,129 Recoverable portion of purchase price (MacDill) 1,528,480 1,523,016 Capital contributions and grants 4,564,087 4,222,335 Change in net position 14,023,860 10,083,480 Total net position- beginning 64,463,081 54,379,601 Total net position- end of year $ 78,486,941 $ 64,463,081 SIGNIFICANT CAPITAL ASSET AND LONG TERM DEBT ACTIVITY The fiscal year ending September 30, 2016 represents the seventeenth full fiscal year of the FGUA's operations. During this period,the following significant events occurred: Capital Assets During FY 2016, the FGUA's net capital assets remained nearly unchanged, with renewals and capital additions near equal to depreciation. The MacDill AFB Utility System accounted for$3.5 million of the increase in net capital assets during the year thanks to federally-funded capital asset grants. On the other hand, Lehigh and North Fort Myers saw decreases in capital asset values of$2.9 million and $1.1 million respectively, while large capital projects were awaiting bid results or were put on hold by regulatory agencies. The remaining systems showed small increases or decreases in net capital assets. Of the $277 million recorded for Capital Assets (net of depreciation), $6 million represent costs incurred for capital projects that are under construction, but not yet completed as of September 30, 2016. Additional information on the FGUA's capital assets can be found in Note 6 of the Financial Section. - 36- FLORIDA GOVERNMENTAL UTILITY AUTHORITY / B MANAGEMENT'S DISCUSSION AND ANALYSIS SEPTEMBER 30,2016(continued) Debt Administration 0 n September 30, 2016,the FGUA had outstanding debt in the amount of$430 million in the form of revenue bonds, state revolving loans, seller financed notes and a capital lease. This is a decrease of$15 million from the prior year's debt balance of$445 million. The FGUA tends to pay down $10 million a year in principal. In addition, during 2016, the FGUA issued an additional $15 million in debt while also advance refunding nearly$20 million. Half of the outstanding debt issues are fully insured via municipal bond insurance policies issued by Ambac Assurance Corporation and Assured Guaranty. The remaining issuances have reserve accounts with a September 30,2016 fair market value of$16.8 million. The FGUA maintains a debt coverage ratio of 1.1 or better(net operating income to debt service)for each of its utilities. The following chart shows the actual coverage compared to the required coverage for the past ten years for debt secured by pledged water and wastewater revenues. 1.8 1.6 ---_._ — __.............. 1.4 _ 1.2 0 111to co 111II 0 0.6 • I 1 I I 111 II ■ Ill 0.4 -i,.. ' III . ' ' 'Il 111 I II 02 -II-- __ 111 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 ■Required Coverage u Actual Coverage The FGUA is prohibited by Chapter 163, Florida Statutes from imposing property taxes. In addition, it is further prohibited from issuance of general obligation debt. It is, however, authorized to impose special assessments upon property owners, whose property will benefit from water and wastewater system improvements. Refer to Note 7 and the Statistical Section for more information on the FGUA's Long Term Debt and Coverage Ratios for each utility system. - 37- FLORIDA GOVERNMENTAL UTILITY AUTHORITY 9 S MANAGEMENT'S DISCUSSION AND ANALYSIS SEPTEMBER 30,2016(continued) FACTORS EXPECTED TO HAVE AN ECONOMIC IMPACT ON FUTURE OPERATIONS Future Growth in Customers Due to continued economic conditions, customer growth within each utility system continues to be low. There was positive overall utility growth for fiscal year 2016. The net addition of 2,360 active connections to our records is mostly due to changing the inactive account base fee policy for the Aqua systems. In addition,just over 2,000 re-use irrigation customers in the Pasco systems were accidentally classified as "sewer" customers, and were re-classified to water customers. The changes in customer counts in 2016 were verified through further billing and meter audits. We predict the rate of future growth will continue to be relatively flat. Management monitors growth closely as it has an impact on the infrastructure needs of the Utility Systems and requires prudent long term capital planning. The FGUA will continue to meet system demands by managing the capital improvement projects in accordance with the FGUA capital improvement plan that is adopted each September with the FGUA operating budget. (Further information on customer growth for the past ten years can be found in the Statistical Section). FINANCIAL INFORMATION Operations Acore function of the FGUA is to use the collective power of local governments, performing as board members, to acquire, improve, operate, and maintain water and wastewater facilities. Local governments hold the option to acquire any FGUA utility system within its jurisdiction. This makes the FGUA a unique local government. The financial statements can fluctuate significantly as the FGUA acquires utility systems or transitions them over to the local government. There are also years that have small to moderate fluctuations when there are no acquisitions or transitions, and the financial activities are only reflective of traditional operational activities. There are no major differences in FY 2016 operations as compared to FY 2015 operations. Generally, revenues and expenses increased modestly. The new debt that was issued was more than offset by defeasance of other debt. The impacts of acquisitions and transitions are reflected throughout this narrative as explanations for the large variances from prior years; however, there were no acquisitions or sales of utility systems neither in FY 2016 nor in FY 2015. As a result, many of the explanations for the variances may seem redundant; however, each utility system of the FGUA operates independently. It is important,therefore, for the reader to understand that while the FGUA system,as a whole,may have been impacted by a transition activity in prior years;the explanations for the individual operations of the utility systems are more reflective of the traditional governmental utility operation. -38 - 96 FLORIDA GOVERNMENTAL UTILITY AUTHORITY MANAGEMENT'S DISCUSSION AND ANALYSIS SEPTEMBER 30,2016(continued) 0 perating revenues (excluding the General Fund) increased $3.6 million or 4.5% from $79.9 million in FY 2015 to$83.4 million in FY 2016. • The Golden Gate Utility System realized an increase in operating revenues of$222,647 or 2.9% as compared to the prior year. This increase was primarily the result of a Consumer Price Index increase in rates(1.7%)as well as a 1%increase in the number of connections. • The Lehigh Acres Utility System realized an increase in operating revenues of$477,453 or 3.4% as compared to the prior year. This increase was primarily the result of a Consumer Price Index increase in rates as well as a 1.3% increase in the number of connections and a slight increase in user consumption. • The Pasco Utility System realized an increase in operating revenues of $694,846 or 3.8% as compared to the prior year. This increase was primarily the result of prior years' rate increases, a slight increase in users,and a general increase in consumption. • The Consolidated Utility System realized an increase in operating revenues of$354,769 or 6.2% as compared to the prior year. This increase was primarily the result of an increase in rates of 3.2% at the beginning of the year, a nearly 1% increase in the number of connections, and a general increase in consumption. • The Lindrick Utility System realized an increase in operating revenues of$47,283 or 1.1% as compared to the prior year. This increase was primarily the result of a Consumer Price Index increase in rates at the beginning of the year. • The North Fort Myers Utility System realized an increase in operating revenues of$522,777 or 4.6% as compared to the prior year. This increase was primarily the result of a Consumer Price Index increase in rates at the beginning of the year, as well as an increase in bulk wastewater usage by Lee County. • The MacDill AFB Utility System operating revenues increased$68,289, or 1.5%, as compared to the prior year. This increase is the result of a Consumer Price Index increase from the Federal Government effective March 1 of each year. • The Lake Aqua, Pasco Aqua, and Unified Aqua Utility Systems contributed an additional $1,174,168 in operating revenues. This increase was primarily the result of a rate structure change put into effect at the beginning of the year to charge inactive account base fees to all connections. Operating Revenues by System for the Year Ending September 30 ■2016 II 2015 ai a ,-I00 11 $20 O $18 •:1- rn $16cn v m m $14 iiiIL1 1I::iujj , 6° c.Qo a45" a��a a``, ae' P<0 0 .9 aJa 'Ja 0cs c', ,,o Utility System - 39- FLORIDA GOVERNMENTAL UTILITY AUTHORITY 9 B MANAGEMENT'S DISCUSSION AND ANALYSIS SEPTEMBER 30,2016(continued) 0 perating expenses (excluding the General Fund and depreciation and amortization) increased by $1,347,425, or 3.44% from $39 million in FY 2015 to $40.5 million in FY 2016. Most of the FGUA's operating expenses are fixed on multi-year contracts with an agreed-upon Consumer Price Index increase. • The Golden Gate Utility System realized a small increase in operating expenses of$51,441 or 1.7%. Lower electricity and regulatory expenses offset the annual contract inflationary increases (approximately 3%). • The Lehigh Acres Utility System realized an increase in operating expenses of$470,228 or 7.6% as the result of increased costs of chemicals, electricity, and security monitoring. In addition, customer service office rent was temporarily higher while the FGUA coordinated a move into a less expensive location. • The Pasco Utility System realized an increase in operating expenses of$527,468 or 5.7%. The increase is primarily attributed to an increase in purchased water, as well as an increase in additional operating and maintenance expenses. • The Consolidated Utility System realized a decrease in operating expenses of$124,995 or-4.7%. This decrease is related to lower purchased wastewater services during the year. • The Lindrick Utility System realized an increase in operating expenses of$27,364 or 1.2%. This increase was the result of a general inflationary increase in operating expenses. • The North Fort Myers Utility System realized a small increase in operating expenses of$54,675 or 1.0%. Lower electricity and additional maintenance costs offset the annual contract inflationary increases. • The MacDill AFB Utility System realized an increase in operating expenses of$10,731 or 0.4%, which is mostly explained by the 1.5%economic price index increase in effect for the first half of FY 2016, and the subsequent -0.5% economic price index increase in effect for the latter half of the fiscal year. • The Aqua Pasco, Aqua Lake and Aqua Unified Utility Systems contributed to the FGUA's increase in operating expenses by $330,512 or 4.1%. The operations and maintenance contracts increased by 3% (inflation). The remaining 1% increase was related to additional maintenance and regulatory expenses. Operating Expenses by System for the Year Ending September 30 (excluding depreciation and amortization) ■2016 ■2015 m 01 M In al ,, $10 - $9 - $$ ko N tn$7 - v, v, $6 - v}yr cD v o m $ VM N u-.NN N t!1 (1 N N NK? in+ N N N • $2 - $1 - a`� �r �o mea `4- Ay Q<b Ja Ja .a \aecs C, e. mer Qa 5o��aa �`�a o�.� a��P �a��PQ a��oPQ 4�eb Z� v c>° u°� ter`` Q Jc Utility System - 40- FLORIDA GOVERNMENTAL UTILITY AUTHORITY 9 B MANAGEMENT'S DISCUSSION AND ANALYSIS SEPTEMBER 30,2016(continued) 0 perating income is the net of operating revenue against operating expenses. All of the FGUA utilities experienced an increase in operating income in FY 2016. Operating income (excluding the General Fund and depreciation and amortization expense) increased by $2.2 million or 5.4% from $40.7 million in FY 2015 to $42.9 million in FY 2016. See the chart below for a comparison of FY 2015 to FY 2016 operating income by utility system. The two utility systems with the most significant increases in operating income were the Consolidated Utility System($479,764 or 15.7%increase)and the Unified Aqua Utility System ($588,022 or 25.6% increase). The Consolidated Utility System's expenses were lower than anticipated and continue to reap the benefits of rate increases above consumer price index levels. The Unified Aqua Utility System increase is nearly entirely related to the inactive account base fee restructure. The third utility with a significant operating income increase is the North Fort Myers System. North Fort Myers operating income increased $468,102 or 8% over FY 2015. As explained above in the revenue section North Fort Myers has experienced a significant increase in sales of bulk wastewater treatment services to Lee County. Operating Income by System for the Year Ending September 30 (excluding depreciation and amortization) ■2016 is 2015 m ,._, ai • a $9 h $8 -1 d; $7 _ vn ,f; rn CO $6 I 1 $5 V) $4 en m m m N •-1 '`'! O •J •M $3 V V VI ,_, ul Vr N N $2 $1 a`� .A. ,.f-5) .,..e' �� ,i.‘' <<C> ea�a off" ac oc Utility System - 41 - 9 B FLORIDA GOVERNMENTAL UTILITY AUTHORITY MANAGEMENT'S DISCUSSION AND ANALYSIS SEPTEMBER 30,2016(continued) CUSTOMERS The following chart depicts the change in water and wastewater billed customers over the last two years. The increases and decreases in customer numbers for all systems were primarily the outcome of continued internal meter audits. The change in Pasco Systems is related to a reclassification of re-use irrigation water customers from wastewater to water customers. The increase in the Aqua systems is due to a policy change related to base fee charges. All the FGUA systems charge base fees as long as there is a connection to a home that must be maintained, whether the home is occupied or vacant. The Aqua systems did not have this fee in their rate schedule until October 1, 2015. This resulted in an increase of nearly 1,800 accounts, which adds to the stability of the systems and improves the utilities' ability to spread the cost of the treatment plants more fairly across connected premises. Water Customers Wastewater Customers Percent Percent 6/30/2016 6/30/2015 Growth Growth 6/30/2016 6/30/2015 Growth Growth System Golden Gate 3,684 3,646 38 1.04% 2,297 2,274 23 1.01% Lehigh Acres 12,643 12,489 154 1.23% 10,421 10,278 143 1.39% Pasco Systems 18,069 15,958 2,111 13.23% 15,328 17,344 (2,016) -11.62% Consolidated Systems 6,474 6,416 58 0.90% 3,337 3,308 29 0.88% Lindrick Utility System 3,089 3,074 15 0.49% 2,586 2,572 14 0.54% North Fort Myers System 1,855 1,843 12 0.65% 11,963 11,954 9 0.08% MacDill AFB 1 1 0 0.00% 1 1 0 0.00% Lake Aqua System 5,040 4,630 410 8.86% 1,243 1,160 83 7.16% Pasco Aqua System 3,272 2,851 421 14.77% 3,106 2,696 410 15.21% Unified Aqua System 7,699 7,338 361 4.92% 1,992 1,907 85 4.46% Totals 61,826 58,246 3,580 6.15% 52,274 53,494 (1,220) -2.28% Note: Reflects active customers on June 30 - 42 - 9 B FLORIDA GOVERNMENTAL UTILITY AUTHORITY MANAGEMENT'S DISCUSSION AND ANALYSIS SEPTEMBER 30,2016(continued) The following chart shows the change in the number of customers over the past ten years. While the individual utilities have traditionally experienced relatively flat growth in the customer base, acquisitions of new systems and transitioning of exiting systems may be reflected in the changes shown below. The last disposition of any FGUA utility systems was the transition of the Poinciana and Citrus utility systems in 2007. In 2009,the FGUA acquired the Pasco utility systems. In 2010, the FGUA acquired the Consolidated, Lindrick, and North Fort Myers utility systems. In 2013, the FGUA acquired the Lake Aqua,Pasco Aqua, and Unified Aqua utility systems. The number of utility systems and the size of the customer base of each system for a given year affect the upward and downward changes over this ten year period. Refer to the Statistical Section for additional information. MOST RECENT 10 YEARS OF FGUA CUSTOMERS 70,000 60,000 50,000 '; — 40,000 —_—_ . .._... __._._. 1111 30,000all . . ■ . . . V 20,000 1o,o00 • • • • o i 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 ■Water ■Wastewater REQUESTS FOR INFORMATION This financial report is designed to provide a general overview of the Florida Governmental Utility Authority's finances for all those with an interest in the government's finances. Questions concerning any of the information provided in this report or requests for additional financial information should be addressed to the FGUA Office of the Chief Financial Officer, 280 Wekiva Springs Road, Suite 2070, Longwood,FL 32779. -43 - 98 FLORIDA GOVERNMENTAL UTILITY AUTHORITY STATEMENT OF NET POSITION SEPTEMBER 30,2016 Non-System Golden Gate Lehigh Barefoot Bay Pasco Specific Utility System Utility System Utility System Utility System ASSETS Current assets Cash and cash equivalents $ 457,120 $ 6,797,569 $ 12,356,970 $ - $ 8,862,301 Restricted assets: Cash and cash equivalents - 1,838,640 3,332,954 6,827,499 Bonds receivable - - - 555,000 - Interest receivable - - - 276,194 - Accounts receivable,net - 1,166,278 2,293,815 - 2,398,000 Due from other governments - - - - - Prepaid items 17,944 224,819 349,607 - 24,022 Total current assets 475,064 10,027,306 18,333,346 831,194 18,111,822 Non-current assets Restricted assets: Cash and cash equivalents - 4,519,136 10,924,302 - 7,138,599 Investments - - - - 1,943,315 Bonds receivable - - - 10,405,000 - Special assessment receivable - - 354,561 - - Intangible right-of-use agreement - - - - - Land - 500,040 2,557,284 , - 1,637,519 Utility plants 63,876 46,716,195 115,178,422 - 59,915,624 Construction in process - 385,883 2,344,673 - 351,894 Accumulated depreciation (11,540) (22,558,111) (50,558,856) - (12,826,975) Excess of cost over fair value of acquired assets,net - 5,654,054 1,894,555 - 41,155,334 Total non-current assets 52,336 35,217,197 82,694,941 10,405,000 99,315,310 Total Assets $ 527,400 $ 45,244,503 $ 101,028,287 $ 11,236,194 $ 117,427,132 DEFERRED OUTFLOWS OF RESOURCES Deferred loss on bond refunding $ - $ 362,407 $ 308,155 $ - $ LIABILITIES Current liabilities Accounts payable $ 75,853 $ 443,130 $ 848,080 $ - $ 1,021,027 Customer deposits - 590,373 1,234,501 - 1,554,285 Liabilities payable from current restricted assets: Accounts payable - 236,760 73,585 - 382,822 Interest payable - 388,650 1,359,369 276,194 3,534,677 Current portion of long-term debt - 1,213,230 1,900,000 555,000 2,910,000 Total current liabilities 75,853 2,872,143 5,415,535 831,194 9,402,811 Non-current liabilities Non-current portion of long-term debt - 39,658,828 71,037,932 10,405,000 112,578,264 Total Liabilities $ 75,853 $ 42,530,971 $ 76,453,467 $ 11,236,194 $ 121,981,075 NET POSITION Net investment in capital assets $ 52,336 $ (7,311,519) $ 5,455,959 $ - $ (24,462,687) Restricted for: Capital projects - 2,285,134 3,017,185 - 818,977 Debt service - 947,161 3,137,459 - 10,380,756 Unrestricted 399,211 7,155,163 13,272,372 - 8,709,011 Total Net Position $ 451,547 $ 3,075,939 $ 24,882,975 $ - $ (4,553,943) The accompanying notes to financial statements are an integral part of this statement. -44- 9B Consolidated Lindrick N.Fort Myers MacDill AFB Lake Aqua Pasco Aqua Unified Aqua Utility Systems Utility System Utility System Utility System Utility System Utility System Utility System Total $ 5,765,238 $ 2,278,935 $ 5,171,645 $ 1,607,456 $ 1,093,318 $ 2,128,776 $ 2,587,991 $ 49,107,319 911,381 1,602,663 3,527,328 1,461,159 813,174 915,687 1,499,154 22,729,639 - - - - - - - 555,000 - - - - - - - 276,194 754,793 547,132 1,238,625 1,846,244 485,942 543,328 1,047,649 12,321,806 - - - - 32,057 - - 32,057 19,842 10,086 43,392 7,271 52,557 27,583 65,486 842,609 7,451,254 4,438,816 9,980,990 4,922,130 2,477,048 3,615,374 5,200,280 85,864,624 8,017,062 4,254,501 5,099,172 2,505,352 1,172,858 1,938,945 1,930,111 47,500,038 - 425,932 1,064,830 - - - - 3,434,077 - - - - - - - 10,405,000 - - - - - - - 354,561 - 3,273,200 - - - - - 3,273,200 241,706 49,504 345,610 227,084 177,465 1,663,935 7,400,147 8,407,919 5,748,215 62,897,076 39,171,601 7,754,255 6,415,918 21,943,934 374,213,035 162,284 95,593 184,756 2,144,899 34,708 27,290 366,452 6,098,432 (1,300,558) (929,346) (11,262,723) (5,102,405) (1,508,388) (1,088,857) (3,661,028) (110,808,787) 11,297,056 13,007,746 13,926,752 - 7,695,140 10,193,380 1,179,978 106,003,995 26,825,469 25,925,345 72,255,473 38,719,447 15,375,657 17,664,141 23,423,382 447,873,698 $ 34,276,723 $ 30,364,161 $ 82,236,463 $ 43,641,577 $ 17,852,705 $ 21,279,515 $ 28,623,662 $ 533,738,322 $ $ - S - $ - $ - $ - S - $ 670,562 $ 272,784 $ 250,086 $ 594,578 $ 335,530 $ 214,620 $ 177,813 $ 570,843 $ 4,804,344 315,357 152,688 409,253 5,500 186,454 252,820 308,756 5,009,987 156,560 59,411 286,994 793,426 78,608 94,705 421,726 2,584,597 519,221 870,519 1,946,134 - 369,566 415,982 502,428 10,182,740 235,600 672,733 1,294,200 667,733 365,000 405,000 575,000 10,793,496 1,499,522 2,005,437 4,531,159 1,802,189 1,214,248 1,346,320 2,378,753 33,375,164 28,739,823 25,314,818 59,260,640 14,162,932 17,115,360 18,943,097 25,330,085 422,546,779 $ 30,239,345 $ 27,320,255 $ 63,791,799 $ 15,965,121 $ 18,329,608 $ 20,289,417 $ 27,708,838 $ 455,921,943 $ (5,417,731) $ (2,208,283) $ 6,469,226 $ 21,383,430 $ (3,275,400) $ (3,188,069) $ (4,067,215) $ (16,569,953) 787,063 687,816 1,490,940 3,173,085 60,379 265,494 - 12,586,073 2,716,314 2,130,994 5,034,667 - 1,475,318 1,643,619 2,160,512 29,626,800 5,951,732 2,433,379 5,449,831 3,119,941 1,262,800 2,269,054 2,821,527 52,844,021 $ 4,037,378 $ 3,043,906 $ 18,444,664 $ 27,676,456.. $ (476,903) $ 990,098 $ 914,824 $ 78,486,941 The accompanying notes to financial statements are an integral part of this statement. -45- P 9BFLORIDA GOVERNMENTAL UTILITY AUTHORITY STATEMENT OF REVENUES,EXPENSES,AND CHANGES IN NET POSITION FOR THE YEAR ENDED SEPTEMBER 30,2016 Non-System Golden Gate Lehigh Barefoot Bay Pasco Specific Utility System Utility System Utility System Utility System Operating revenues Water and wastewater revenues $ - $ 7,683,446 $ 13,679,328 $ - $ 18,497,206 Other operating revenues 78,500 247,559 679,369 - 556,931 Total operating revenues 78,500 7,931,005 14,358,697 - 19,054,137 Operating expenses Operating and management services - 2,575,174 6,159,237 - 9,188,433 Other operating expenses 15,217 420,278 513,181 - 598,094 Depreciation and amortization 10,757 2,007,727 4,512,803 - 4,001,181 Total operating expenses 25,974 5,003,179 11,185,221 - 13,787,708 Operating income 52,526 2,927,826 3,173,476 - 5,266,429 Nonoperating revenues(expenses) Investment income 548 15,131 25,161 552,388 69,935 Miscellaneous income - 6,260 8,456 - 130,109 Build America Bond interest subsidies - - - - 2,306,024 Operating grants - - 286,270 Interest expense - (1,402,480) (2,282,566) (552,388) (7,065,942) Debt issuance costs - (23,410) (65,227) - - Total nonoperating revenues(expenses) 548 (1,404,499) (2,314,176) - (4,273,604) Income(loss)before capital contributions 53,074 1,523,327 859,300 - 992,825 Capital contributions Capital grants - - - - - Recoverable portion of system purchase price - Impact fees and developer contributions 4,409 154,468 678,993 - 189,936 Total capital contributions 4,409 154,468 678,993 - 189,936 Increase(decrease)in net position 57,483 1,677,795 1,538,293 - 1,182,761 Net position,beginning of year 394,064 1,398,144 23,344,682 - (5,736,704) Net position,end of year $ 451,547 $ 3,075,939 $24,882,975 $ - $ (4,553,943) The accompanying notes to financial statements are an integral part of this statement. -46- 9B Consolidated Lindrick N.Fort Myers MacDill AFB Lake Aqua Pasco Aqua Unified Aqua Utility Systems Utility System Utility System Utility System Utility System Utility System Utility System Total $ 5,756,838 $ 4,386,122 $ 11,624,025 $ 4,587,124 $ 3,593,194 $ 3,653,712 $ 7,157,157 $80,618,152 297,365 124,976 155,177 67,664 151,117 193,461 340,211 2,892,330 6,054,203 4,511,098 11,779,202 4,654,788 3,744,311 3,847,173 7,497,368 83,510,482 2,304,786 2,089,691 4,867,793 2,257,207 1,964,884 1,537,078 4,198,853 37,143,136 205,484 129,478 556,941 220,101 204,510 138,779 417,662 3,419,725 763,989 774,071 2,678,362 1,355,675 745,010 713,237 1,174,683 18,737,495 3,274,259 2,993,240 8,103,096 3,832,983 2,914,404 2,389,094 5,791,198 59,300,356 2,779,944 1,517,858 3,676,106 821,805 829,907 1,458,079 1,706,170 24,210,126 15,848 17,420 39,676 - 3,837 6,560 7,764 754,268 773 386 24,477 122,893 - 1,093 1,497 295,944 - 567,927 1,190,214 - - - - 4,064,165 - 6,116 - - - - - 292,386 (1,114,479) (1,772,556) (3,900,445) (885,734) (741,561) (832,403) (981,644) (21,532,198) (31,654) (21,746) (11,361) - - - - (153,398) (1,129,512) (1,202,453) (2,657,439) (762,841) (737,724) (824,750) (972,383) (16,278,833) 1,650,432 315,405 1,018,667 58,964 92,183 633,329 733,787 7,931,293 - - - 2,977,457 - - - 2,977,457 - - - 1,528,480 - - - 1,528,480 91,008 7,590 443,006 - 2,800 1,300 13,120 1,586,630 91,008 7,590 443,006 4,505,937 2,800 1,300 13,120 6,092,567 1,741,440 322,995 1,461,673 4,564,901 94,983 634,629 746,907 14,023,860 2,295,938 2,720,911 16,982,991 23,111,555 (571,886) 355,469 167,917 64,463,081 $ 4,037,378 $ 3,043,906 $ 18,444,664 $27,676,456 $ (476,903) $ 990,098 $ 914,824 $78,486,941 The accompanying notes to financial statements are an integral part of this statement. -47- 98 Consolidated Lindrick N.Fort Myers MacDill AFB Lake Aqua Pasco Aqua Unified Aqua Utility Systems Utility System Utility System Utility System Utility System Utility System Utility System Total $ 6,023,948 $ 4,624,548 $ 11,902,470 $ 4,172,359 $ 3,698,940 $ 3,817,773 $ 7,345,450 $ 83,040,347 773 386 24,477 122,893 - 1,093 1,497 295,944 (2,602,818) (2,188,606) (5,551,996) (2,551,088) (2,160,326) (1,746,864) (4,664,239) (40,879,038) 3,421,903 2,436,328 6,374,951 1,744,164 1,538,614 2,072,002 2,682,708 42,457,253 3,145,300 2,094,600 994,500 160,206 32,057 - - 15,403,263 (31,654) (21,746) (11,361) - - - - (153,398) (220,000) (641,547) (1,230,000) (624,521) (360,000) (395,000) (565,000) (30,768,127) (1,119,790) (1,791,581) (3,914,530) (903,959) (743,081) (836,225) (1,010,507) (22,805,194) - 567,927 1,190,214 - - - - 4,064,165 (544,330) (399,197) (790,961) (5,032,237) (381,701) (410,572) (1,466,835) (13,965,049) - 6,116 - - - - - 292,386 55,500 7,590 325,310 4,505,937 2,800 1,300 12,500 5,655,762 1,285,026 (177,838) (3,436,828) (1,894,574) (1,449,925) (1,640,497) (3,029,842) (42,276,192) - - - - - - - 530,000 375,234 938,085 - - - - 3,032,926 15,848 17,420 39,676 - 3,837 6,560 7,764 740,356 15,848 392,654 977,761 - 3,837 6,560 7,764 4,303,282 4,722,777 2,651,144 3,915,884 (150,410) 92,526 438,065 (339,370) 4,484,343 9,970,904 5,484,955 9,882,261 5,724,377 2,986,824 4,545,343 6,356,626 114,852,653 $ 14,693,681 $ 8,136,099 $ 13,798,145 $ 5,573,967 $ 3,079,350 $ 4,983,408 $ 6,017,256 $ 119,336,996 $ 2,779,944 $ 1,517,858 $ 3,676,106 $ 821,805 $ 829,907 $ 1,458,079 $ 1,706,170 $ 24,210,126 773 386 24,477 122,893 - 1,093 1,497 295,944 763,989 774,071 2,678,362 1,355,675 745,010 713,237 1,174,683 18,737,495 (76,330) 89,195 82,427 (482,929) (91,545) (83,332) (209,070) (935,972) (3,424) (4,221) (21,216) 13,728 (3,644) (9,542) (8,311) (33,717) (89,124) 34,784 (106,046) (87,508) 12,712 (61,465) (39,413) (322,834) 46,075 24,255 40,841 500 46,174 53,932 57,152 506,211 641,959 918,470 2,698,845 922,359 708,707 613,923 976,538 18,247,127 $ 3,421,903 $ 2,436,328 $ 6,374,951 $ 1,744,164 $ 1,538,614 $ 2,072,002 $ 2,682,708 $ 42,457,253 $ 445,782 $ 555,491 $ 584,339 $ - $ 290,383 $ 384,656 $ 44,527 $ 4,857,785 - - - - - - - 21,807 549 - 12,307 - 3,143 1,007 3,577 (305,747) 35,508 - 117,696 - - - (620) 435,565 The accompanying notes to financial statements are an integral part of this statement. -49- FLORIDA GOVERNMENTAL UTILITY AUTHORITY 9B NOTES TO FINANCIAL STATEMENTS SEPTEMBER 30,2016 (1) Summary of Significant Accounting Policies: (a) Reporting entity—The Florida Governmental Utility Authority (the "Authority")was formed as a legal entity and public body pursuant to Chapters 125, 166 and 163, Florida Statutes and an Interlocal Agreement dated February 1, 1999 (the "Interlocal Agreement") initially by and between Brevard County, Lee County, Polk County, and Sarasota County(the "Authority Members"), each a local government located in the State of Florida. The Interlocal Agreement was amended and restated on December 1, 2000, by and between Citrus County, Nassau County, Polk County, and Sarasota County. Sarasota County was a member of the Interlocal Agreement, but withdrew effective August 29, 2002, after assuming ownership of the Authority's assets and liabilities related to the Sarasota Utility System. On January 16, 2003, Osceola County was accepted as a member. Osceola County has since terminated its membership and the Poinciana Utility System assets and liabilities were transferred to the Tohopekaliga Water Authority on April 30, 2007. The Citrus Utility System was transitioned to Citrus County on February 15, 2007. On October 15, 2005 Lee County rejoined the Authority subsequent to the purchase of the Lehigh Acres System. The Town of Dundee joined as a member on June 12, 2007 and subsequently withdrew on January 21, 2010. Hendry County joined as a member on February 21, 2008. Pasco County joined as a member on February 27, 2008. DeSoto County joined as a member on January 13, 2009, and terminated its membership on November 12, 2015. The purpose of the Authority is to enable the Authority Members to make the most efficient use of their common power to acquire, own, improve, operate, and maintain water and wastewater facilities. It is not expected that the Authority will have any employees.All services will be provided on a contractual basis. The Authority has adopted Governmental Accounting Standards Board (GASB) Statement No. 61, The Financial Reporting Entity: Omnibus, for the purpose of evaluating its financial statements. Based on the criteria in Statement No. 61, the Authority has determined that there are no other units that meet the criteria for inclusion in the Authority's financial statements. (b) Measurement focus, basis of accounting, and financial statement presentation—The accounting systems of the Authority are organized on the basis of funds,each of which is considered an accounting entity having a self-balancing set of accounts for recording its assets, deferred outflows, liabilities, deferred inflows, net position, revenues, and expenses. Since the Authority is a special purpose government involved solely in the provision of water and wastewater services to its customers on a fee basis,all funds are accounted for in Proprietary Funds. The focus of proprietary fund measurement is the determination of net income, financial position, and cash flows. The proprietary funds are used to account for operations: (a) that are financed and operated in a manner similar to private business enterprises - where the intent of the governing body is that the costs (expenses, including depreciation) of providing goods or services to the general public on a continuing basis be financed or recovered primarily through user charges; or (b) where the governing body has decided that periodic determination of revenue earned, expenses incurred, and/or net income is appropriate for capital maintenance, public policy, management control, accountability, or other purposes. The Authority operates ten utility systems (Golden Gate, Lehigh Acres, Pasco, Consolidated, Lindrick, North Fort Myers, MacDill AFB, Lake Aqua, Pasco Aqua, Unified Aqua) in ten separate funds. The Authority has one non-system specific fund that handles the administration of the interlocal agreements and also has a fund (Barefoot Bay) that services outstanding bonds from former utility systems the Authority operated years ago. All funds are considered major funds. The Authority utilizes the accrual basis of accounting in accordance with the GASB Codification. - 50- 9E3 FLORIDA GOVERNMENTAL UTILITY AUTHORITY NOTES TO FINANCIAL STATEMENTS SEPTEMBER 30,2016 (1) Summary of Significant Accounting Policies: (Continued) (c) Cash and cash equivalents—Cash and cash equivalents consists of cash on hand and on deposit in banks and money market accounts. Investments with a maturity of three months or less when purchased are considered to be cash equivalents. (d) Investments—Investments are carried at fair value. (e) Accounts receivable—The Authority's accounts receivable consists of amounts due from consumers. The Utility Systems perform credit evaluations on their consumers and generally require collateral deposits from them. (f) Restricted assets and reserves—Certain assets are required to be segregated from other assets due to various bond indenture agreements. These assets are legally restricted for specific purposes such as debt service, construction, and renewals and replacements. The remaining excess of restricted assets over liabilities is reflected as restricted net position. (g) Property and plant—Property and plant are recorded at cost less accumulated depreciation, except contributed assets which are recorded at fair value on the date of contribution. Expenditures of$5,000 or more are capitalized. Construction period interest cost, net of interest earned on the unexpended proceeds of tax-exempt borrowings, is capitalized as part of the asset cost. Depreciation, on a straight-line basis, is charged over estimated useful lives ranging from 5 to 35 years. (h) Intangibles—The excess cost over fair value of acquired assets is being amortized, on a straight-line basis, over the approximate life of the related assets purchased, ranging from 20 to 30 years. The right-of-use capacity agreement for the Lindrick Utility System has an indefinite life. (i) Bond discounts and premiums—Bond discounts and premiums are deferred and amortized over the term of the bonds using the effective interest method. (j) Revenue recognition—Operating revenue consists primarily of charges for services, which are billed to customers for water, wastewater, and reclaimed water service. Billings are included in revenue as meters are read on a cycle basis throughout each month. Unbilled revenues are accrued based on estimated consumption of the most recent billing. For the MacDill AFB system, all water and wastewater revenues are earned based on the terms set forth in a formal agreement between the Authority and the Federal government. (k) Net position flow assumption—Sometimes the Authority will fund outlays for a particular purpose from both restricted and unrestricted resources. In order to determine amounts reported as restricted and unrestricted net position, it is the Authority's policy to consider restricted net position to have been used before unrestricted net position is applied. - 51 - 9B FLORIDA GOVERNMENTAL UTILITY AUTHORITY NOTES TO FINANCIAL STATEMENTS SEPTEMBER 30,2016 (1) Summary of Significant Accounting Policies: (Continued) (1) Capital grants, contributions, and impact fees—Impact fees are imposed by the Utility Systems to acquire, construct, equip, or expand the capacity of the water and/or wastewater facilities in order to serve new users of the facilities and new development within the service area of the Utility Systems. Impact fees revenue is recognized when the related connection services are performed. Capital contributions represent contributions of certain water distribution and wastewater collection systems. Such contributions are recognized as revenue in the period they are received. The recoverable portion of system purchase price is earned in the MacDill AFB System based on the terms set forth in the agreement with the Federal government. Capital grants represent funding from state and Federal agencies to support capital asset construction. (m) Operating and nonoperating revenues and expenses Operating revenues and expenses generally result from providing services and producing and delivering goods in connection with principal ongoing operations. The Authority's principal operating revenues are charges for water and sewer services. Operating expenses include the costs to maintain and repair the water and sewer treatment plants, administrative expenses, and depreciation on capital assets. All revenues and expenses not meeting this definition are reported as nonoperating revenues and expenses. (n) Deferred outflows/inflows of resources—In addition to assets, the statement of financial position will, if required, report a separate section for deferred outflows of resources. This separate financial statement element, deferred outflows of resources, represents a consumption of net position that applies to a future period(s) and so will not be recognized as an outflow of resources (expense/expenditure) until then. It is the deferred loss on refunding. A deferred loss on refunding results from the difference in the carrying value of refunded debt and its reacquisition price. This amount is deferred and amortized over the shorter of the life of the refunded or refunding debt. In addition to liabilities,the statement of financial position will, if required,report a separate section for deferred inflows of resources. This separate financial statement element, deferred inflows of resources, represents an acquisition of net position that applies to future period(s)and so will not be recognized as an inflow of resources (revenue) until that time. The Authority has no items that qualify for reporting in this category. (o) Use of estimates—The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amount of assets, liabilities, and changes therein, and disclosure of contingent assets and liabilities.Actual results could differ from those estimates. (p) Risk management—The Authority participates in various insurance programs for property and casualty losses. Coverage includes property, general liability, and public officials insurance. Environmental impairment insurance for potential spills is maintained with a third party insurance carrier. Settled claims have not exceeded insurance coverage during the last three fiscal years. - 52- 98 FLORIDA GOVERNMENTAL UTILITY AUTHORITY NOTES TO FINANCIAL STATEMENTS SEPTEMBER 30,2016 (2) Purchase and Transition of Utility Systems: In recent years, the Authority has periodically engaged in acquiring new utility systems, most recently acquiring the Lake Aqua,Pasco Aqua,and Unified Aqua systems in fiscal year 2013. No such acquisitions or transitions occurred during the year ended September 30,2016. (3) Sale of Utility Systems: (a) Barefoot Bay utility system Effective February 2, 2000, Barefoot Bay Water and Sewer District (the "District"), a component unit of Brevard County, Florida, acquired all the assets and assumed all operating liabilities of the Barefoot Bay Utility System at net book value. This transaction resulted in a gain of approximately $250,000, equal to the accumulated deficit of the Barefoot Bay Utility System at the sale date. In payment for the Barefoot Bay Utility System, the District issued Barefoot Bay Water and Sewer District Utility Revenue Bonds Series 2000 (the "Series 2000 Bonds") in the amount of$17,135,000. The respective interest rates and maturities of the Series 2000 Bonds are identical to the Florida Governmental Utility Authority Utility System Revenue Bonds (Barefoot Bay Utility System), Series 1999 Bonds issued at the acquisition of the Barefoot Bay Utility System by the Authority and which remain outstanding. The trust estate as defined in the Series 2000 Bonds trust indenture secures the Series 2000 Bonds. This trust estate has replaced the net revenues of the Barefoot Bay Utility System as the pledged revenue source securing the Series 1999 Bonds. The Series 2000 Bonds are included in restricted assets in the combined Statement of Net Position of the Authority. - 53 - 9B FLORIDA GOVERNMENTAL UTILITY AUTHORITY NOTES TO FINANCIAL STATEMENTS SEPTEMBER 30,2016 (4) Deposits and Investments: (a) Deposits—At September 30, 2016, the Authority held cash on deposit with various financial institutions. In addition to insurance provided by the Federal Depository Insurance Corporation, deposits are held in banking institutions approved by the State Treasurer of the State of Florida to hold public funds. Under Florida Statutes Chapter 280, Florida Security for Public Deposits Act,the State Treasurer requires all Florida qualified public depositories to deposit with the Treasurer or another banking institution eligible collateral. In the event of failure of a qualified public depository, the remaining public depositories would be responsible for covering any resulting losses. The Authority's deposits at year end are considered insured for custodial credit risk purposes. (b) Investments—The Authority measures and records its investments using fair value measurement guidelines established by GASB Statement No. 72. These guidelines recognize a three-tiered fair value hierarchy,as follows: Level 1: Quoted prices for identical investments in active markets; Level 2: Observable inputs other than quoted market prices; and, Level 3: Unobservable inputs. At September 30, 2016, the Authority's investments consisted of the following, all of which were valued using Level 2 inputs from the above hierarchy: Credit Quality Types of Investments Maturities (Moody's) Fair Value Municipal bonds receivable 14.00 N/A $ 10,960,000 Municipal bonds 2.79 Aa3 3,434,077 Total investments $ 14,394,077 (c) Custodial credit risk—For an investment, custodial credit is the risk that, in the event of the failure of the counterparty, the Authority will not be able to recover the value of its investments or collateral securities that are in the possession of an outside party. In order to manage the custodial credit risk, the Authority's investment policy specifies certain requirements to pre-qualify financial institutions and brokers/dealers and an annual review of the institutions used. (d) Credit risk—Credit risk is the risk that an issuer or other counter party to an investment will not fulfill its obligations. The Authority does have a formal investment policy that limits its investments to high quality investments to control credit risk, which requires diversification of investments, limited investments in securities with higher credit risks, investing in securities with varying maturities, and continuously investing a portion of the portfolio in readily available funds such as local government investment pools or money market funds. In addition, Certificates of deposit and other evidences of deposit at qualified depositories, bankers' acceptances, and commercial paper, rated in the highest tier (e.g., A-I, P-I, F-I or D-1 or higher) by a nationally recognized rating agency. The municipal bonds receivable and money market mutual funds do not have credit quality ratings. The municipal bonds receivable are insured by a financial guaranty insurance policy. (e) Interest rate risk—Interest rate risk is the risk that changes in interest rates will adversely affect the fair value of an investment. The Authority has a formal investment policy that, except for special situations, limits investment maturities to instruments maturing within three years from purchase as a means of managing exposure to fair value losses arising from increasing interest rates. At September 30,2016,the Plan's municipal bonds had a weighted average duration of 2.79 years. - 54- 98 FLORIDA GOVERNMENTAL UTILITY AUTHORITY NOTES TO FINANCIAL STATEMENTS SEPTEMBER 30,2016 (5) Accounts Receivable: Receivables at September 30, 2016, consist of the following: Golden Gate Lehigh Pasco Non-System Utility Utility Utility Specific System System System Billed customer receivables $ - $ 727,116 $ 1,672,678 $ 1,785,909 Unbilled customer receivables - 570,105 1,001,025 949,500 Special assessments -current - - 45,370 - Other receivables - - 35,902 13,605 Gross accounts receivable - 1,297,221 2,754,975 2,749,014 Less: Allowance for uncollectables - (130,943) (461,160) (351,014) Net total receivables $ - $ 1,166,278 $ 2,293,815 $ 2,398,000 Consolidated Lindrick N. Ft. Myers MacDill Utility Utility Utility AFB Utility System System System System Billed customer receivables $ 489,095 $ 378,429 $ 542,023 $ 1,826,861 Unbilled customer receivables 446,708 292,936 776,093 - Special assessments -current - - - - Other receivables - 1,738 2,016 19,383 Gross accounts receivable 935,803 673,103 1,320,132 1,846,244 Less: Allowance for uncollectables (181,010) (125,971) (81,507) Net total receivables $ 754,793 $ 547,132 $ 1,238,625 $ 1,846,244 Lake Aqua Pasco Aqua Unified Aqua Utility Utility Utility System System System Total Billed customer receivables $ 393,725 $ 451,125 $ 810,329 $ 9,077,290 Unbilled customer receivables 167,008 245,529 403,547 4,852,451 Special assessments -current - - - 45,370 Other receivables 5,130 264 4,452 82,490 Gross accounts receivable 565,863 696,918 1,218,328 14,057,601 Less: Allowance for uncollectables (79,921) (153,590) (170,679) (1,735,795) Net total receivables $ 485,942 $ 543,328 $ 1,047,649 $ 12,321,806 - 55 - FLORIDA GOVERNMENTAL UTILITY AUTHORITY 9 B NOTES TO FINANCIAL STATEMENTS SEPTEMBER 30,2016 (6) Capital Assets: Changes in the Authority's capital assets for the year ended September 30, 2016,were as follows: Balance Balance October 1, September 30, 2015 Increases Decreases 2016 Capital assets not being depreciated: Land $ 7,399,827 $ 320 $ - $ 7,400,147 Construction in progress 14,318,516 12,981,552 (21,201,636) 6,098,432 Total capital assets not being depreciated 21,718,343 12,981,872 (21,201,636) 13,498,579 Capital assets being depreciated: Utility plants 352,426,750 21,838,701 (52,416) 374,213,035 Accumulated depreciation (96,981,493) (13,879,710) 52,416 (110,808,787) Total capital assets being depreciated,net 255,445,257 7,958,991 - 263,404,248 Capital Assets,net $ 277,163,600 $ 20,940,863 $ (21,201,636) $ 276,902,827 Excess of cost over fair value of acquired assets $ 143,089,977 $ - $ - $ 143,089,977 Accumulated amortization (32,228,197) (4,857,785) - (37,085,982) Excess of cost over fair value of acquired assets,net 110,861,780 (4,857,785) - 106,003,995 Right of use intangible 3,273,200 - - 3,273,200 Intangible Assets,net $ 114,134,980 $ (4,857,785) $ - $ 109,277,195 Total interest expense incurred by the Authority during the current fiscal year was $22,216,770. Of this amount, $92,479 was capitalized and included as part of the cost of construction in progress. (7) Bonds and Notes Payable: (a) Revenue bonds and notes payable at September 30, 2016, are comprised of the following: Golden Gate Utility System $12,605,000 Series 2015 Serial Bonds, interest due semi-annually on January 1 and July 1 commencing July 1, 2015, principal payments due annually July 1, 2030 through 2035; interest rates ranging from 3.25%to 4.00%; secured by pledged water and wastewater revenues $ 12,605,000 $17,095,000 Series 2012 Serial Bonds, interest due semi-annually on January 1 and July 1 commencing July 1, 2013, principal payments due annually July 1, 2013 through 2029; interest rates ranging from 2.00%to 5.00%; secured by pledged water and wastewater revenues 13,885,000 $3,180,000 3.125% Series 2012 Term Bonds interest due semi-annually on January 1 and July 1 commencing July 1, 2013, principal payments due annually July 1, 2025 through 2029; secured by pledged water and wastewater revenues 3,180,000 $6,315,000 5.50% Series 2010 Term Bonds interest due semi-annually on January 1 and July 1 commencing July 1, 2011, principal payments due annually July 1, 2036 through 2040; secured by pledged water and wastewater revenues 6,315,000 - 56- FLORIDA GOVERNMENTAL UTILITY AUTHORITY 9B NOTES TO FINANCIAL STATEMENTS SEPTEMBER 30,2016 (7) Bonds and Notes Payable: (Continued) $1,546,461 Loan Agreement CS12090902P—The Golden Gate Utility System was approved for preconstruction and construction loans by the Florida Department of Environmental Protection under the Clean Water State Revolving Loan Fund Program in the amount of$1,546,461 at an interest rate of 2.96%. The funds were used for wastewater system improvements. According to the loan agreement, 40 semi-annual payments of principal and interest are due beginning on October 15, 2004, currently in the amount of$52,237; secured by pledged water and wastewater revenues. This loan is junior and subordinate in all regards in right of payment and security to the Golden Gate Utility System Series 2015, Series 2010, and Series 2012 Bonds $ 739,328 $1,855,921 Loan Agreement DW1127010—The Golden Gate Utility System was approved for a construction loan by the Florida Department of Environmental Protection under the Drinking Water State Revolving Loan Fund Program in the amount of $1,395,175 at an interest rate of 2.86%. Amendment 1 to the loan increased the loan amount to $1,855,921 at an average interest rate of 2.85%. The funds were used for system improvements. According to the loan agreement, 40 semi-annual payments of principal and interest are due beginning on February 15, 2005, currently in the amount of$61,648; secured by pledged water and wastewater revenues. This loan is junior and subordinate in all regards in right of payment and security to the Golden Gate Utility System Series 2015, Series 2010, and Series 2012 Bonds 876,555 $2,271,100 Loan Agreement with SunTrust Equipment Finance & Leasing Corp. — The Golden Gate Utility System was approved for a preconstruction and construction loan with SunTrust Equipment Finance& Leasing Corp. in the amount of$2,271,100 at an interest rate of 2.30%. The funds are used pursuant to a Guaranteed Energy, Water and Wastewater Performance Savings Contract with Siemens for system improvements. According to the loan agreement, monthly payments of interest only are due August 25, 2016 and monthly payments of principal and interest are due beginning on August 25, 2017 through 2032. This loan is junior and subordinate in all regards in right of payment and security to the Golden Gate Utility System 2,271,100 Lehigh Acres Utility System $16,480,000 Series 2014 Serial Bonds, interest due semi-annually on April 1 and October 1 commencing April 1, 2015, principal payments due annually October 1, 2016 through 2032; interest rates ranging from 2.00% to 5.00%; secured by pledged water and wastewater revenues 16,480,000 $4,145,000 3.625%Series 2014 Term Bonds, interest due semi-annually on April 1 and October 1 commencing April 1, 2015, mandatory redemption of principal payments due annually October 1, 2033 through 2035; secured by pledged water and wastewater revenues 4,145,000 $20,465,000 Series 2012 Serial Bonds, interest due semi-annually on April 1 and October 1 commencing April 1, 2013, principal payments due annually October 1, 2015 through 2028; interest rates ranging from 2.75% to 5.00%; secured by pledged water and wastewater revenues 19,365,000 $10,615,000 5.00% Series 2012 Term Bonds interest due semi-annually on April 1 and October 1 commencing April 1, 2013, principal payments due annually October 1, 2029 through 2033; secured by pledged water and wastewater revenues 10,615,000 - 57- FLORIDA GOVERNMENTAL UTILITY AUTHORITY 9 g NOTES TO FINANCIAL STATEMENTS SEPTEMBER 30,2016 (7) Bonds and Notes Payable: (Continued) $12,535,000 5.25% Series 2010 Term Bonds interest due semi-annually on April 1 and October 1 commencing April 1, 2011, principal payments due annually October 1, 2034 through 2040; secured by pledged water and wastewater revenues $ 12,535,000 $6,705,500 Loan Agreement with SunTrust Equipment Finance & Leasing Corp. — The Lehigh Acres Utility System was approved for a preconstruction and construction loan with SunTrust Equipment Finance & Leasing Corp. in the amount of $6,705,500 at an interest rate of 2.30%. The funds are used pursuant to a Guaranteed Energy, Water and Wastewater Performance Savings Contract with Siemens for system improvements. According to the loan agreement, monthly payments of interest only are due August 25, 2016 and monthly payments of principal and interest are due beginning on August 25, 2017 through 2032. This loan is junior and subordinate in all regards in right of payment and security to the Lehigh Acres Utility System 6,705,500 Barefoot Bay Utility System $3,715,000 5.25% Series 1999 Term Bonds due October 1, 2018, subject to mandatory sinking fund requirements in varying annual principal amounts beginning October 1, 2012; secured by matching bond receivable with identical terms 1,755,000 $9,205,000 5.00% Series 1999 Term Bonds due October 1, 2029, subject to mandatory sinking fund requirements in varying annual principal amounts beginning October 1, 2019; secured by matching bond receivable with identical terms 9,205,000 Pasco Utility System $20,920,000 Series 2010B Serial Bonds interest due semi-annually on April 1 and October 1 commencing April 1, 2011, principal payments due annually October 1, 2013 through 2020; interest at rates ranging from 2.746% to 5.022%; secured by pledged water and wastewater revenues 15,385,000 $18,150,000 5.72% Series 2010B Term Bonds interest due semi-annually on April 1 and October 1 commencing April 1, 2011, principal payments due annually October 1, 2021 through 2025; secured by pledged water and wastewater revenues 18,150,000 $21,955,000 6.348% Series 2010B Term Bonds interest due semi-annually on April 1 and October 1 commencing April 1, 2011, principal payments due annually October 1,2026 through 2030; secured by pledged water and wastewater revenues 21,955,000 $60,120,000 6.548% Series 2010B Term Bonds interest due semi-annually on April 1 and October 1 commencing April 1, 2011, principal payments due annually October 1,2031 through 2040;secured by pledged water and wastewater revenues 60,120,000 Consolidated Utility System $1,815,000 Series 2012A Serial Bonds, interest due semi-annually on April 1 and October 1 commencing October 1, 2012, principal payments due annually October 1, 2013 through 2025; interest at rates ranging from 2.00% to 3.75%; secured by pledged water and wastewater revenues 1,695,000 $6,995,000 4.00%Series 2012A Term Bonds, interest due semi-annually on April 1 and October 1 commencing October 1, 2012, principal payments due annually October 1, 2026 through 2032; secured by pledged water and wastewater revenues 6,995,000 -58 - 98 FLORIDA GOVERNMENTAL UTILITY AUTHORITY NOTES TO FINANCIAL STATEMENTS SEPTEMBER 30,2016 (7) Bonds and Notes Payable: (Continued) $4,250,000 5.00%Series 2012A Term Bonds, interest due semi-annually on April 1 and October 1 commencing October 1, 2012, principal payments due annually October 1, 2033 through 2037; secured by pledged water and wastewater revenues $ 4,250,000 $4,000,000 5.00%Series 2012A Term Bonds, interest due semi-annually on April 1 and October 1 commencing October 1, 2012, principal payments due annually October 1, 2038 through 2042; secured by pledged water and wastewater revenues 4,000,000 $3,580,000 4.25%Series 2012A Term Bonds, interest due semi-annually on April 1 and October 1 commencing October 1, 2012, principal payments due annually October 1, 2038 through 2042; secured by pledged water and wastewater revenues 3,580,000 $705,000 Series 2012B Serial Bonds, interest due semi-annually on April 1 and October 1 commencing October 1, 2012, principal payments due annually October 1, 2013 through 2016; interest at rates ranging from 2.00% to 2.80%; secured by pledged water and wastewater revenues 165,000 $5,000,000 4.00% Series 2012 Subordinate Bond, interest due semi-annually on June 1 and December 1 commencing December 1, 2012, principal payments of$1,000,000 due annually June 1, 2020 through 2024; seller-financed agreement is secured by pledged water and wastewater revenues 5,000,000 \$3,145,300 Loan Agreement with SunTrust Equipment Finance & Leasing Corp. - The Consolidated Utility System was approved for a preconstruction and construction loan with SunTrust Equipment Finance & Leasing Corp. in the amount of $3,145,300 at an interest rate of 2.30%. The funds are used pursuant to a Guaranteed Energy, Water and Wastewater Performance Savings Contract with Siemens for system improvements. According to the loan agreement, monthly payments of interest only are due August 25, 2016 and monthly payments of principal and interest are due beginning on August 25, 2017 through 2032. This loan is junior and subordinate in all regards in right of payment and security to the Consolidated Utility System 3,145,300 Lindrick Utility System $1,729,413 Bulk Wastewater Treatment Agreement in form of capital lease with the City of New Port Richey as amended effective October 1, 2012, due in monthly installments of$16,107 through October 1, 2022, comprised of principal and interest at a rate of 2.25% 1,097,951 $4,585,000 6.641% Series 2010 Term Bonds interest due semi-annually on April 1 and October 1 commencing October 1, 2010, principal payments due annually October 1, 2011 through 2020; secured by pledged water and wastewater revenues 2,715,000 $3,375,000 7.141% Series 2010 Term Bonds interest due semi-annually on April 1 and October 1 commencing October 1, 2010, principal payments due annually October 1, 2021 through 2025; secured by pledged water and wastewater revenues 3,375,000 $4,255,000 7.630% Series 2010 Term Bonds interest due semi-annually on April 1 and October 1 commencing October 1, 2010, principal payments due annually October 1, 2026 through 2030; secured by pledged water and wastewater revenues 4,255,000 - 59- B FLORIDA GOVERNMENTAL UTILITY AUTHORITY NOTES TO FINANCIAL STATEMENTS SEPTEMBER 30,2016 (7) Bonds and Notes Payable: (Continued) $5,445,000 7.880% Series 2010 Term Bonds interest due semi-annually on April 1 and October 1 commencing October 1, 2010, principal payments due annually October 1, 2031 through 2035; secured by pledged water and wastewater revenues $ 5,445,000 $7,005,000 8.080% Series 2010 Term Bonds interest due semi-annually on April 1 and October 1 commencing October 1, 2010, principal payments due annually October 1, 2036 through 2040; secured by pledged water and wastewater revenues 7,005,000 $2,094,600 Loan Agreement with SunTrust Equipment Finance & Leasing Corp. — The Lindrick Utility System was approved for a preconstruction and construction loan with SunTrust Equipment Finance&Leasing Corp. in the amount of$2,094,600 at an interest rate of 2.30%. The funds are used pursuant to a Guaranteed Energy, Water and Wastewater Performance Savings Contract with Siemens for system improvements. According to the loan agreement, monthly payments of interest only are due August 25, 2016 and monthly payments of principal and interest are due beginning on August 25, 2017 through 2032. This loan is junior and subordinate in all regards in right of payment and security to the Lindrick Utility System 2,094,600 North Fort Myers Utility System $9,965,000 Series 2010A Serial Bonds interest due semi-annually on April 1 and October 1 commencing October 1, 2010, principal payments due annually October 1, 2013 through 2020; interest at rates ranging from 2.50%to 3.75%; secured by pledged water and wastewater revenues 7,125,000 $9,175,000 6.584% Series 2010B Term Bonds interest due semi-annually on April 1 and October 1 commencing October 1, 2010, principal payments due annually October 1,2021 through 2025; secured by pledged water and wastewater revenues 9,175,000 $11,365,000 6.884% Series 2010B Term Bonds interest due semi-annually on April 1 and October 1 commencing October 1, 2010, principal payments due annually October 1, 2026 through 2030; secured by pledged water and wastewater revenues 11,365,000 $31,935,000 7.084% Series 2010B Term Bonds interest due semi-annually on April 1 and October 1 commencing October 1, 2010, principal payments due annually October 1,2031 through 2040; secured by pledged water and wastewater revenues 31,935,000 $994,500 Loan Agreement with SunTrust Equipment Finance & Leasing Corp. —The North Fort Myers Utility System was approved for a preconstruction and construction loan with SunTrust Equipment Finance & Leasing Corp. in the amount of$994,500 at an interest rate of 2.30%. The funds are used pursuant to a Guaranteed Energy, Water and Wastewater Performance Savings Contract with Siemens for system improvements. According to the loan agreement, monthly payments of interest only are due August 25, 2016 and monthly payments of principal and interest are due beginning on August 25, 2017 through 2032. This loan is junior and subordinate in all regards in right of payment and security to the North Fort Myers Utility System 994,500 MacDill AFB Utility System $17,715,314 6.00% seller-financed purchase price liability due in monthly installments of$128,284,recorded as offset against utility service charges, March 1,2011 through February 1,2031; secured by utility plant, infrastructure, and equipment 14,830,665 -60- 9B FLORIDA GOVERNMENTAL UTILITY AUTHORITY NOTES TO FINANCIAL STATEMENTS SEPTEMBER 30,2016 (7) Bonds and Notes Payable: (Continued) Lake Aqua Utility System $3,310,000 Series 2013A Serial Bonds interest due semi-annually on April 1 and October 1 commencing October 1 2013, principal payments due annually October 1, 2014 through 2023; interest at rates ranging from 2.00% to 3.375%; secured by pledged water and wastewater revenues $ 2,995,000 $5,525,000 4.25%Series 2013A Term Bonds interest due semi-annually on April 1 and October 1 commencing October 1, 2013, principal payments due annually October 1, 2024 through 2033; secured by pledged water and wastewater revenues 5,525,000 $5,615,000 5.00%Series 2013A Term Bonds interest due semi-annually on April 1 and October 1 commencing October 1, 2013, principal payments due annually October 1, 2034 through 2040; secured by pledged water and wastewater revenues 5,615,000 $3,045,000 4.50%Series 2013A Term Bonds interest due semi-annually on April 1 and October 1 commencing October 1, 2013, principal payments due annually October 1, 2041 through 2043; secured by pledged water and wastewater revenues 3,045,000 $595,000 2.35% Series 2013B Serial Bonds interest due semi-annually on April 1 and October 1 commencing October 1 2013, principal payments due annually October 1, 2014 through 2016; secured by pledged water and wastewater revenues 200,000 $35,000 Loan Agreement WW011200-The Lake Aqua Utility System was approved for preconstruction and construction loans by the Florida Department of Environmental Protection under the Clean Water State Revolving Loan Fund Program in the amount of $35,000 at an interest rate of 1.50%. The funds were used for wastewater system improvements. According to the loan agreement, 40 semi-annual payments of principal and interest are due beginning on July 15, 2018, currently in the amount of$1,048; secured by pledged water and wastewater revenues. This loan is junior and subordinate in all regards in right of payment and security to the Lake Aqua Utility System Series 2013 Bonds 32,057 Pasco Aqua Utility System $3,860,000 Series 2013A Serial Bonds interest due semi-annually on April 1 and October 1 commencing October 1, 2013, principal payments due annually October 1, 2014 through 2023; interest at rates ranging from 2.00%to 3.50%; secured by pledged water and wastewater revenues 3,385,000 $6,165,000 4.25%Series 2013A Term Bonds interest due semi-annually on April 1 and October 1 commencing October 1, 2013,principal payments due annually October 1, 2024 through 2033; secured by pledged water and wastewater revenues 6,165,000 $6,260,000 5.00%Series 2013A Term Bonds interest due semi-annually on April 1 and October 1 commencing October 1, 2013,principal payments due annually October 1, 2034 through 2040; secured by pledged water and wastewater revenues 6,260,000 $3,390,000 4.50%Series 2013A Term Bonds interest due semi-annually on April 1 and October 1 commencing October 1, 2013,principal payments due annually October 1, 2041 through 2043; secured by pledged water and wastewater revenues 3,390,000 $465,000 2.40% Series 2013B Serial Bonds interest due semi-annually on April 1 and October 1 commencing October 1 2013, principal payments due annually October 1, 2014 to October 1,2016; secured by pledged water and wastewater revenues 160,000 -61 - 9B FLORIDA GOVERNMENTAL UTILITY AUTHORITY NOTES TO FINANCIAL STATEMENTS SEPTEMBER 30,2016 (7) Bonds and Notes Payable: (Continued) Unified Aqua Utility System $6,370,000 Series 2013A Serial Bonds interest due semi-annually on April 1 and October 1 commencing October 1 2013, principal payments due annually October 1, 2014 through 2025; interest at rates ranging from 2.00%to 4.00%; secured by pledged water and wastewater revenues $ 6,080,000 $2,390,000 3.75%Series 2013A Term Bonds interest due semi-annually on April 1 and October 1 commencing October 1, 2013, principal payments due annually October 1, 2026 through 2028; secured by pledged water and wastewater revenues 2,390,000 $4,640,000 4.00%Series 2013A Term Bonds interest due semi-annually on April 1 and October 1 commencing October 1, 2013, principal payments due annually October 1, 2029 through 2033; secured by pledged water and wastewater revenues 4,640,000 $12,665,000 4.25% Series 2013A Term Bonds interest due semi-annually on April 1 and October 1 commencing October 1, 2013, principal payments due annually October 1,2034 through 2043; secured by pledged water and wastewater revenues 12,665,000 $1,260,000 2.00%Series 2013B Serial Bonds interest due semi-annually on April 1 and October 1 commencing October 1 2013, principal payments due annually October 1, 2014 through 2016; secured by pledged water and wastewater revenues 430,000 Bonds and notes payable at September 30,2016 429,507,556 Add:unamortized bond premiums,net of unamortized bond discounts 3,832,719 Less: current portion of bonds and notes payable (10,793,496) Long-term bonds and notes payable at September 30, 2016,net $422,546,779 For the above debt instruments secured by pledged water and wastewater revenues, amounts pledged consist of the respective system's operating revenues for the course of the long-term debt payments. The debt instruments were issued to purchase the utility systems and to fund various capital improvements. The amounts and terms of the commitments are clearly stated in the detailed descriptions above for each debt instrument. -62- 9B FLORIDA GOVERNMENTAL UTILITY AUTHORITY NOTES TO FINANCIAL STATEMENTS SEPTEMBER 30,2016 (7) Bonds and Notes Payable: (Continued) Below is a table comparing the current year's pledged revenue (including revenue from the sale of water and wastewater, meter tapping, service charges, miscellaneous operating revenue, and any amounts contributed from capitalized interest and rate stabilization accounts) to the current year's principal and interest (net of Build America Bond subsidies received) required debt service. Further details may be found in the Pledged Revenue Coverage tables in the Statistical Section. Water, Wastewater and Other Debt Service Name of System Revenue Principal Interest Golden Gate $ 7,902,396 $ 1,167,059 $ 1,584,474 Lehigh Acres 14,342,314 1,880,000 2,718,738 Pasco 19,254,181 2,910,000 4,763,331 Consolidated 5,870,824 615,000 1,105,108 Lindrick 4,528,904 500,000 1,173,112 North Fort Myers 11,743,355 1,290,000 2,702,054 Lake Aqua 3,748,148 365,000 739,132 Pasco Aqua 3,854,826 405,000 831,968 Unified Aqua 7,506,629 575,000 1,004,857 Totals $ 78,751,577 $ 9,707,059 $ 16,622,774 (b) Changes in bonds and notes payable—Activity in bonds and notes payable for the year ended September 30, 2016, was as follows: Beginning Ending Due Within Balance Additions Reductions Balance One Year Secured by pledged water and wastewater revenues Bonds $ 410,030,000 $ - $ (29,270,000) $ 380,760,000 $ 9,175,000 Seller-Financed Notes 5,000,000 - - 5,000,000 - State Revolving Loans 1,792,943 32,057 (177,059) 1,647,940 182,230 Subtotal Debt Secured by Pledged Water& Wastewater Revenues $ 416,822,943 $ 32,057 $ (29,447,059) $ 387,407,940 $ 9,357,230 Secured by other(county bonds,assets) Bonds 11,490,000 - (530,000) 10,960,000 555,000 Capital Leases 1,264,498 - (166,547) 1,097,951 170,333 Seller-Financed Notes 15,294,981 160,206 (624,521) 14,830,667 667,733 Notes Payable - 15,211,000 - 15,211,000 43,200 Subtotal other debt 28,049,479 15,371,206 (1,321,068) 42,099,618 1,436,266 $ 444,872,422 $ 15,403,263 $ (30,768,127) $ 429,507,558 $ 10,793,496 -63 - 9B FLORIDA GOVERNMENTAL UTILITY AUTHORITY NOTES TO FINANCIAL STATEMENTS SEPTEMBER 30,2016 (7) Bonds and Notes Payable: (Continued) (c) Debt service requirements to maturity are as follows at September 30,2016: Barefoot Bay Utility System Total Debt September 30 Principal Interest Service 2017 $ 555,000 $ 552,387 1,107,387 2018 585,000 523,250 1,108,250 2019 615,000 492,537 1,107,537 2020 650,000 460,250 1,110,250 2021 680,000 427,750 1,107,750 2022—2026 3,950,000 1,593,000 5,543,000 2027—2030 3,925,000 502,750 4,427,750 Totals $ 10,960,000 $ 4,551,924 $ 15,511,924 Golden Gate Utility System Total Debt September 30 Principal Interest Service 2017 $ 1,213,230 $ 1,591,934 $ 2,805,164 2018 1,296,552 1,545,097 2,841,649 2019 1,360,429 1,495,728 2,856,157 2020 1,437,566 1,433,097 2,870,663 2021 1,480,968 1,402,110 2,883,078 2022—2026 8,126,938 6,028,415 14,155,353 2027—2031 9,698,100 4,610,769 14,308,869 2032—2036 10,073,200 2,695,732 12,768,932 2037—2040 5,185,000 731,775 5,916,775 Totals $ 39,871,983 $ 21,534,657 $ 61,406,640 Lehigh Utility System Total Debt September 30 Principal Interest Service 2017 $ 1,900,000 $ 2,872,946 $ 4,772,946 2018 2,074,800 2,803,367 4,878,167 2019 2,193,900 2,722,055 4,915,955 2020 2,309,000 2,652,578 4,961,578 2021 2,426,400 2,579,478 5,005,878 2022—2026 14,338,900 11,226,463 25,565,363 2027—2031 18,144,400 8,343,462 26,487,862 2032—2036 14,868,100 4,704,000 19,572,100 2037—2041 11,590,000 1,887,376 13,477,376 Totals $ 69,845,500 $ 39,791,725 $ 109,637,225 -64- 98 FLORIDA GOVERNMENTAL UTILITY AUTHORITY NOTES TO FINANCIAL STATEMENTS SEPTEMBER 30,2016 (7) Bonds and Notes Payable: (Continued) Pasco Utility System Total Debt September 30 Principal Interest Service 2017 $ 2,910,000 $ 7,069,355 $ 9,979,355 2018 2,985,000 6,953,886 9,938,886 2019 3,070,000 6,824,994 9,894,994 2020 3,160,000 6,684,633 9,844,633 2021 3,260,000 6,532,258 9,792,258 2022—2026 18,150,000 29,842,135 47,992,135 2027—2031 21,955,000 23,976,441 45,931,441 2032—2036 26,940,000 16,301,574 43,241,574 2037—2041 33,180,000 6,698,603 39,878,603 Totals $ 115,610,000 $110,883,879 $ 226,493,879 Consolidated Utility System Total Debt September 30 Principal Interest Service 2017 $ 235,600 $ 1,177,440 $ 1,413,040 2018 157,400 1,170,710 1,328,110 2019 183,100 1,166,912 1,350,012 2020 1,207,300 1,162,314 2,369,614 2021 1,174,500 1,116,865 2,291,365 2022—2026 5,168,000 4,920,921 10,088,921 2027—2031 6,337,300 3,990,197 10,327,497 2032—2036 4,922,100 2,845,363 7,767,463 2037—2041 6,195,000 1,707,475 7,902,475 2042—2043 3,250,000 228,475 3,478,475 Totals $ 28,830,300 $ 19,486,672 $ 48,316,972 Lindrick Utility System Total Debt September 30 Principal Interest Service 2017 $ 672,733 $ 1,812,166 $ 2,484,899 2018 712,005 1,774,881 2,486,886 2019 756,966 1,735,755 2,492,721 2020 804,916 1,694,756 2,499,672 2021 855,358 1,651,541 2,506,899 2022—2026 4,215,973 7,533,117 11,749,090 2027—2031 5,519,600 6,058,906 11,578,506 2032—2036 5,445,000 4,159,376 9,604,376 2037—2041 7,005,000 1,756,188 8,761,188 Totals $ 25,987,551 $ 28,176,686 $ 54,164,237 - 65 - 9B FLORIDA GOVERNMENTAL UTILITY AUTHORITY NOTES TO FINANCIAL STATEMENTS SEPTEMBER 30,2016 (7) Bonds and Notes Payable: (Continued) North Fort Myers Utility System Total Debt September 30 Principal Interest Service 2017 $ 1,294,200 $ 3,915,137 $ 5,209,337 2018 1,382,400 3,876,066 5,258,466 2019 1,453,400 3,831,334 5,284,734 2020 1,534,400 3,782,578 5,316,978 2021 1,610,500 3,727,415 5,337,915 2022—2026 9,479,800 17,167,792 26,647,592 2027—2031 11,824,300 13,763,468 25,587,768 2032—2036 14,255,500 9,394,235 23,649,735 2037—2041 17,760,000 3,887,344 21,647,344 Totals $ 60,594,500 $ 63,345,369 $ 123,939,869 MacDill AFB Utility System Total Debt September 30 Principal Interest Service 2017 $ 667,733 $ 871,675 $ 1,539,408 2018 708,918 830,491 1,539,409 2019 752,642 786,767 1,539,409 2020 799,063 740,346 1,539,409 2021 848,348 691,061 1,539,409 2022—2026 5,094,208 2,602,837 7,697,045 2027—2031 5,959,753 839,304 6,799,057 Totals $ 14,830,665 $ 7,362,481 $ 22,193,146 Lake Aqua Utility System Total Debt September 30 Principal Interest Service 2017 $ 365,000 $ 739,131 $ 1,101,131 2018 407,057 731,131 1,138,188 2019 385,000 723,631 1,108,631 2020 390,000 715,450 1,105,450 2021 400,000 705,700 1,105,700 2022—2026 2,210,000 3,328,226 5,538,226 2027—2031 2,690,000 2,846,226 5,536,226 2032—2036 3,320,000 2,218,426 5,538,426 2037—2041 4,200,000 1,335,625 5,535,625 2042-2044 3,045,000 278,100 3,323,100 Totals $ 17,412,057 $ 13,621,646 $ 31,033,703 - 66 - 98 FLORIDA GOVERNMENTAL UTILITY AUTHORITY NOTES TO FINANCIAL STATEMENTS SEPTEMBER 30,2016 (7) Bonds and Notes Payable: (Continued) Pasco Aqua Utility System Total Debt September 30 Principal Interest Service 2017 $ 405,000 $ 831,965 $ 1,236,965 2018 410,000 823,225 1,233,225 2019 425,000 810,925 1,235,925 2020 435,000 798,175 1,233,175 2021 445,000 787,300 1,232,300 2022—2026 2,460,000 3,712,476 6,172476 2027—2031 3,000,000 3,173,501 6,173,501 2032—2036 3,705,000 2,472,850 6,177,850 2037—2041 4,685,000 1,488,000 6,173,000 2042—2044 3,390,000 309,600 3,699,600 Totals $ 19,360,000 $ 15,208,017 $ 34,568,017 Unified Aqua Utility System Total Debt September 30 Principal Interest Service 2017 $ 575,000 $ 1,004,856 $ 1,579,856 2018 590,000 993,356 1,583,356 2019 605,000 975,656 1,580,656 2020 620,000 962,800 1,582,800 2021 630,000 948,850 1,578,850 2022—2026 3,490,000 4,412,062 7,902,062 2027—2031 4,135,000 3,766,427 7,901,427 2032—2036 5,025,000 2,881,702 7,906,702 2037—2041 6,170,000 1,736,126 7,906,126 2042—2044 4,365,000 376,126 4,741,126 Totals $ 26,205,000 $ 18,057,961 $ 44,262,961 (8) Commitments and Contingencies: (a) U.S. Water/Wade Trim, LLC—Contracted to perform water treatment, water distribution, wastewater treatment, wastewater disposal and control, and other related services for all utility systems of the Authority. With the exception of Golden Gate and Lehigh Acres, both of which had contract effective dates of October 1, 2011, the contract terms started on the effective date of the acquisitions of each system, and expire on varying dates from September 30, 2018,to September 30, 2020. U.S. Water receives an annual fixed fee for services provided to the systems of$23,905,395, paid in monthly installments. Fees in future years are adjusted as defined in the Operations and Billing Contract. The Operations and Billing Contract also provides for additional payments to U.S. Water for renewals and replacements and for capital improvements. Such additional payments are to be at U.S. Water's cost plus a specifiedrofit percentage. Total amounts paid to U.S. Water for the year ended September 30, 2016 for allserviceswere $34,465,012. At September 30, 2016, amounts payable to U.S. Water totaled$5,317,832. -67 - 98 FLORIDA GOVERNMENTAL UTILITY AUTHORITY NOTES TO FINANCIAL STATEMENTS SEPTEMBER 30,2016 (8) Commitments and Contingencies: (Continued) (b) Government Services Group, Inc.—In order to execute the powers of the Authority pursuant to the Interlocal Agreement and the responsibilities of the Authority, the Authority retained Government Services Group, Inc. (GSG), a private contractor, for the overall management of the Authority. The Management Services Agreement between the Authority and GSG defines the general functions GSG will carry out and expires September 30, 2020, with the exception of the agreement defining functions relating to the MacDill AFB System, which expires September 30, 2021. The Authority has the option to extend the term of the Management Services Agreement. GSG receives an annual base fixed fee for general administrative services provided to the Authority of$3,618,877, as well as an annual based fixed fee for capital improvement program administrative fees of$1,236,290. Additional payments are made for other services approved by the Authority's Board of Directors. Total amounts paid to GSG for the year ended September 30, 2016 were $5,994,030.At September 30,2016, amounts payable to GSG totaled$215,918. (c) North Fort Myers System contingent payments—As part of the purchase agreement for the North Fort Myers System, the Authority agreed to pay the seller 50% of impact fees collected for a period of 20 years from the closing date in June 2010 or until$25 million has been paid to the seller, whichever occurs first. As of September 30, 2016, $568,350 has been incurred in accordance with this agreement, $93,977 of which was incurred during the year ended September 30, 2016. The Authority also entered into a settlement with a developer of a specific subdivision whereby the developer is entitled to $635 per lot (less a 2.0% handling fee) which impact fees are paid. Total amounts incurred under this agreement at September 30, 2016, were $72,044, $5,686 which was incurred during the year ended September 30, 2016. (d) Contracts Commitments on outstanding contracts for improvements and maintenance of the Utility Systems totaled$20,709,541 at September 30, 2016. (e) Other pending litigation—The Utility Systems are contingently liable with respect to regulatory inquiries and other claims incidental to the ordinary course of its operations. In the opinion of management, based on the advice of legal counsel, the ultimate disposition of these regulatory inquiries and claims will not have a material adverse effect on the financial position or results of operations of the Utility Systems. (9) Related Party Transactions: Prior to December 31, 2001, Government Services Group, Inc. (GSG) was partially owned by Nabors, Giblin&Nickerson, P.A., (NGN) which is serving as Bond Counsel with respect to the Authority's bond issues and Special Authority Counsel of each of the Utility Systems. This direct interest ended through a buyout of NGN shares by GSG. - 68 - 98 t .,,,, 1, .. we- , 1 . , +,,.ii ..,:444,7„, ... ray ,Wb .... .:: Tt\ B 3 1 ....,., ,,, ,,,„,. ,,,... sR a _ Statistical Section X 4 ^ ,: n • ry 7.'.°1911.11!.., � � j ,•,-)tf, fyll� — );;17: Y 4 \ i , ( ‘ II % .. ' �►. F rte' 1 .ii„ . , /.. ,„..,4,, .. ii, 1ftMi s,�E °lea�r s. ria, ,,,,..4r1 t, j 4 , -...7.7,,,-.1.y...,-1--„:• ,,,,, "maLa.�«'„,. '.; si!.27,..1,,,4,,,,.:;,,,J.:_,..‘..,.,, -.::,,, ,,..,.....,,,,,,„,,,t,-.--i-,--,_7:,.....,.,_ -.....,,,,7 a'l.'',.,,,,&!-- L' ,, ,0.02.,'• "" ^Y +rMS . k T^x9�fiw. �'b7.� t � ° :.-7- �• .. py�q„ 4i.:;,- ""--"7.-'''':-.;,. ..7- ' .m ,r-,,,," ,.. ., „, w,r�;:7 7 a 4'7,"*-... II';.:_ , — ” „, - ..'„� .' : " r . +mss- �r"° m r. vr. 9B STATISTICAL SECTION This part of the Florida Governmental Utility Authority's comprehensive annual financial report presents detailed information as a context for understanding what the information in the financial statements, note disclosures, and required supplementary information says about the government's overall financial health. In some instances, data is not available for all years. In future financial statements,we will add the current year plus continue to report on the years reflected in these schedules until a full ten years of data is presented. Contents Page Financial Trends These schedules contain trend information to help the reader understand how the government's financial performance and well-being have changed over time Net Position by Component 70 Changes in Net Position 71 Summary of Ten Largest Single Water Users 72 Debt Capacity These schedules present information to help the reader assess the affordability of the government's current levels of outstanding debt and the government's ability to issue additional debt in the future. Ratios of Outstanding Debt by Fund Type 73 Pledged Revenue Coverage 74—75 Demographic and Economic Information These schedules offer demographic and economic indicators to help the reader understand the environment within which the government's financial activities take place. Demographic and Economic Statistics 76—77 Principal Employers 78 Operating Information These schedules contain service and infrastructure data to help the reader understand how the information in the government's financial report relates to the services the government provides and the activities it performs. 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O0.0001- 0. - °- 0 IUWEO 0 m m Z 0 1- 0 0 Z S. o RE Z Z 96 Florida Governmental Utility Authority Summary of Top Ten Customers(Based on Sales Revenue) September 30,2016 %of Total System %of Total System Sales Sales Revenue Sales Revenue Sales Revenue Revenue GOLDEN GATE CONSOLIDATED PACIFICA NAPLES LLC $ 377,168 5.06% PARADISE LAKES CONDO.ASSOC. $ 232,162 3.98% PAR ONE HOMEOWNERS 274,610 3.69% ALTA TERRA BELLA,LP 58,884 1.01% CORAL PALMS NAPLES APT LLC 261,610 3.51% NORTH BAY S.R.54 FACILITY 45,141 0.77% 4300 ATOLL COURT LLC 109,257 1.47% THE FOUNTAINS AT PARADISE LAKES 30,629 0.53% RANIERI(QUALITY INN) 78,700 1.06% WALMART STORES EAST,LP 28,168 0.48% TILDEN FUNDAMENTAL PL APTS 54,877 0.74% DENHAM OAKS ELEMENTARY 27,335 0.47% BENCHMARK WAVERLEY PLACE 53,075 0.71% TRINITY INVESTMENT GROUP 21,384 0.37% WAVA,INC 52,493 0.70% GULFSIDE ELEMENTARY 20,356 0.35% NAPLES COIN LAUNDRY,INC 51,946 0.70% FMC LAND 0'LAKES,LLC 16,878 0.29% PIKUS PROPERTY MGMT,LLC 50,492 0.68% TERRA BELLA HOMEOWNERS 16,691 0.29% TOTAL $ 1,364,228 18.32% TOTAL $ 497,628 8.54% LEHIGH ACRES LINDRICK LEHIGH REGIONAL MED CENTER $ 128,526 0.95% GULF HARBOR CONDOS $ 319,845 7.11% WALMART STORES 87,998 0.65% NEW PORT COLONY 124,992 2.78% SUNSHINE VILLAS 69,478 0.51% LANDINGS OF ST ANDREWS 95,179 2.12% PHOENIX ASSOCIATES OF NAPLES 63,741 0.47% SEAVIEW PLACE CONDOMINIUMS 87,461 1.94% HOPE HOSPICE 48,424 0.36% LANDINGS AT SEA FOREST 72,640 1.61% FOUNTAIN CREST RETIREMENT 44,816 0.33% SEA CASTLE CONDO 47,829 1.06% TORTUGA PRESERVE ELEMENTARY 42,113 0.31% HARBOR VILLAS CONDO 47,284 1.05% EAST LEE COUNTY HIGH SCHOOL 41,286 0.30% MARINERS WAY OF NPR 41,846 0.93% LEHIGH ELEMENTARY SCHOOL 39,208 0.29% WINDWARD COVE CONDO 39,008 0.87% LEHIGH HIGH SCHOOL 36,859 0.27% HEATHER COVE 29,461 0.65% TOTAL $ 602,449 4.44% TOTAL $ 905,545 20.12% PASCO NFMU PALMS AT WYNDTREE $ 171,278 0.93% LEE COUNTY BOCC-UTILITIES $ 1,694,977 16.88% PARK AT BARRINGTON,LLC 161,500 0.87% BUCCANEER ESTATES 434,113 3.73% CRP HOLDINGS CSS LLC 103,728 0.56% ISLAND VISTA ESTATES LLC 294,052 2.53% BCM TRINITY,LLC 98,639 0.53% MHC WINDMILL VILLAGE 258,265 2.22% DISTRICT SCHOOL BOARD PASCO 98,415 0.53% SIX LAKES COUNTRY CLUB IN 220,642 1.90% TANDEM HEALTH CARE 93,992 0.51% THE HERITAGE 194,102 1.67% EASTLAKE REHAB&CARE CENTER LLC 87,288 0.47% PIONEER VILLAGE 136,979 1.18% PARK AT ASHLEY PLACE LP 75,932 0.41% SERENDIPITY MOBIL HOME PARK 133,239 1.14% HOLIDAY HOTEL AND RESORT LLC 74,225 0.40% CITY OF CAPE CORAL 103,563 0.89% WAL-MART STORE,INC. 66,197 0.36% FOUNTAIN VIEW RV 68,040 0.58% TOTAL $ 1,031,194 5.57% TOTAL $ 3,537,972 32.72% PASCO AQUA LAKE AQUA SYBRA INC#1310 $ 12,512 0.33% S CHASE HOMEOWNERS ASSOC. $ 24,704 0.69% SUNSHINE INVESTMENT 8,791 0.23% MHC OPERATING LP 17,874 0.50% AMERICAN CONDOMINIUM PARKS,INC 8,409 0.22% BILL BRYAN CHRYSLERPLYMOUTH 16,045 0.45% FLORIDA VILLAGE SQUARE 6,467 0.17% JACOBSON 15,693 0.44% AAA 6,433 0.17% MUNN SALES SERVICE INC 8,059 0.22% SERGIOS REST 6,132 0.16% TRAN 6,361 0.18% ROBINSON 3,914 0.10% S CHASE HOMEOWNERS ASSN 4,686 0.13% JASMINE LAKES CIVIC ASSN 3,891 0.10% GORDON 4,532 0.13% LAND TRUST FOR 7731 JUDITH 3,746 0.10% CIRCLE K STORES INC. 4,320 0.12% HOPKINS 2,965 0.08% L'HOMMEDIEU 4,120 0.11% TOTAL $ 63,260 1.66% TOTAL $ 106,394 2.97% UNIFIED AQUA SOUTH SEAS RESORT $ 381,524 5.36% BFI WASTE SYSTEMS OF N A 267,294 3.76% FLA REFUSE SERVICE INC 124,990 1.76% BEACH VILLAS III CONDO 52,326 0.74% SUNSET BEACH VILLAS 48,669 0.68% LAND'S END VILLAGE 41,757 0.59% BAYSIDE VILLAS CONDO 36,542 0.51% TENNIS VILLAS 33,628 0.47% RIVERBEND CONDO ASSN 30,448 0.43% UNITED PARCEL SERVICE 30,326 0.43% TOTAL $ 1,047,504 14.73% -72- 9 8 Florida Governmental Utility Authority Ratios of Outstanding Debt by Type Last Ten Fiscal Years (amounts expressed in whole dollars) Business-Type Activities Water& Percentage Fiscal Wastewater Total Primary of Personal Per Utility Year Revenue Bonds (1) Other Debt(2) Capital Leases Government Income Customer 2007 145,239,428 - - 145,239,428 na 1,519 2008 143,294,162 - - 143,294,162 na 4,865 2009 252,014,267 - - 252,014,267 na 4,295 2010 318,184,200 9,564,794 - 327,748,994 na 4,117 2011 343,764,200 3,003,105 - 346,767,305 na 4,316 2012 343,625,000 7,644,540 - 351,269,540 na 4,030 2013 435,550,000 7,282,125 1,586,568 444,418,693 na 4,097 2014 397,170,000 6,964,979 1,427,343 405,562,322 na 3,639 2015 410,030,000 6,792,943 1,264,498 418,087,441 na 3,742 2016 380,760,000 21,858,940 1,097,951 403,716,891 na 3,538 Notes: (1)This amount excludes the Barefoot Bay bonds as the FGUA acts as a pass-through agent only.See Note 7 for Barefoot Bay bonds balance. (2)Other Debt includes State Revolving Loan Fund(SRF)debt,the SunTrust Energy Project debt,and Seller-Financed Notes.The MacDill AFB Seller-Financed note is excluded because it is fully-subsidized,the note is not secured by revenues,and because the AFB is considered one customer,which would skew the"per utility customer"ratio. See Note 7 for MacDill debt balance. -73 - 9 B Florida Governmental Utility Authority Pledged-Revenue Coverage Last Ten Fiscal Years (amounts expressed in whole dollars) Debt Secured by Pledged Revenue Special Assessment Bonds Water, Wastewater Less: Debt Service Debt Service Fiscal and Other Operating Net Available Special Year Name of System Revenue(1) Expenses(2) Revenue Principal Interest(3) Coverage Assessment Principal Interest Coverage 2007 Golden Gate 6,498,238 2,823,225 3,675,013 801,652 1,947,323 1.34 74,773 54,866 14,272 1.08 Lehigh Acres 12,070,977 5,047,070 7,023,907 1,170,000 3,003,803 1.68 - - - - Total $18,569,215 $7,870,295 $10,698,920 $1,971,652 $4,951,126 1.55 $74,773 $54,866 $14,272 1.08 2008 Golden Gate 6,066,118 3,172,185 2,893,933 795,642 1,918,578 1.07 86,195 59,240 8,255 1 28 Lehigh Acres 10,707,788 6,020,572 4,687,216 1,305,000 2,970,503 1.10 - - - - Total $16,773,906 $9,192,757 $7,581,149 $2,100,642 $4,889,081 1.08 $86,195 $59,240 $8,255 1.28 2009 Golden Gate 5,704,070 3,079,882 2,624,188 829,749 1,360,084 1.20 39,759 90,145 3,513 0.42 Lehigh Acres 10,594,737 6,337,683 4,257,054 1,335,000 2,192,343 1.21 - - - - Pasco Systems(4) 9,258,799 4,612,090 4,646,709 - 2,909,619 1.60 - - - - Total $25,557,606 $14,029,655 $11,527,951 $2,164,749 $6,462,046 1,34 $39,759 $90,145 $3,513 0.42 2010 Golden Gate 6,141,890 2,877,879 3,264,011 864,474 1,874,800 1.19 - - - - Lehigh Acres 10,200,210 5,428,303 4,771,907 1,380,000 2,970,455 1.10 - - - - Pasco Systems 14,494,924 4,612,090 9,882,834 - 4,930,583 2.00 - - Consolidated(5) 656,710 425,806 230,904 - 176,400 1.31 - - - Lindrick(5) 2,020,189 1,137,864 882,325 - 676,921 1.30 - - - North Fort Myers(5) 1,174,236 674,730 499,506 - 401,866 1.24 - - - - Total $34,688,159 $15,156,672 $19,531,487 $2,244,474 $11,031,026 1.47 - - - - 2011 Golden Gate 6,745,712 3,112,442 3,633,270 897,072 2,145,828 1.19 - - - - Lehigh Acres 11,888,187 6,051,218 5,836,969 1,415,000 3,439,336 1.20 - - - - Pasco Systems 16,366,987 7,524,066 8,842,321 - 7,178,225 1.23 - - - - Consolidated 823,093 538,282 284,811 - 227,976 1.25 - - Lindrick 4,232,463 1,632,076 2,600,387 - 1,865,225 1.39 - - - - North Fort Myers 8,333,037 3,718,003 4,615,034 - 3,726,984 1.24 - - - - Total $48,388,879 $22,576,087 $25,812,792 $2,312,072 $18,583,574 1.24 - - - - 2012 Golden Gate 6,621,557 2,884,461 3,737,096 936,561 2,124,023 1.22 - - - - Lehigh Acres 11,608,382 5,480,600 6,127,782 1,466,000 3,477,651 1.24 - - - - Pasco Systems 16,516,475 9,321,853 7,194,622 - 4,785,891 1.50 - - - Consolidated 1,976,950 977,353 999,597 - 453,053 2.21 - - - - Lindrick 3,868,309 1,992,190 1,876,119 250,000 1,201,605 1.29 - - - - North Fort Myers 7,614,567 4,125,609 3,488,958 200,004 2,720,739 1.19 - - - - Total $48,206,240 $24,782,066 $23,424,174 $2,851,565 $14,762,962 1.33 - - - - 2013 Golden Gate 6,646,052 2,966,733 3,679,319 1,072,412 1,910,268 1.23 - - - - Lehigh Acres 12,782,792 6,039,445 6,743,347 590,000 3,612,996 1.60 - - - - Pasco Systems 17,738,116 10,044,662 7,693,454 1,375,000 4,881,691 1.23 - - - Consolidated 4,545,813 2,524,771 2,021,042 220,000 1,120,726 1.51 - - - - Lindrick 4,484,435 2,100,149 2,384,286 380,000 1,216,054 1.49 - - - - North Fort Myers 8,908,982 4,876,976 4,032,006 750,000 2,759,660 1.15 - - - - Lake Aqua 1,642,755 979,501 663,254 - 383,646 1.73 - - - - Pasco Aqua 1,577,468 745,693 831,775 - 431,466 1.93 - - - - Unified Aqua 3,326,669 2,157,780 1,168,889 - 522,189 2.24 - - - - Total $61,653,082 $32,435,710 $29,217,372 $4,387,412 $16,838,696 1.38 - - - - -74- 9R Florida Governmental Utility Authority Pledged-Revenue Coverage(continued) Last Ten Fiscal Years (amounts expressed in whole dollars) Debt Secured by Water/Wastewater Revenue Special Assessment Bonds Water, Wastewater Less: Debt Service Debt Service Fiscal and Other Operating Net Available Special Year Name of System Revenue(1) Expenses(2) Revenue Principal Interest(3) Coverage Assessment Principal Interest Coverage 2014 Golden Gate 7,284,315 2,828,956 4,455,359 918,750 1,184,472 2.12 - - - Lehigh Acres 13,070,967 6,299,583 6,771,384 1,645,000 2,954,708 1.47 - - - - Pasco Systems 17,662,991 9,648,352 8,014,639 2,310,000 4,890,205 1.11 - - - - Consolidated 5,465,375 2,562,348 2,903,027 220,000 915,208 2.56 - - - Lindrick 4,397,096 2,159,740 2,237,356 455,000 1,217,251 1.34 - - - North Fort Myers 9,500,526 5,122,877 4,377,649 1,009,991 2,773,115 1.16 - - - - Lake Aqua 3,427,822 2,036,859 1,390,963 350,000 754,714 1.26 - - - - Pasco Aqua 3,293,298 1,490,673 1,802,625 385,000 848,785 1.46 - - - - Unified Aqua 6,859,074 4,456,241 2,402,833 555,000 1,027,256 1.52 - - - Total $70,961,464 $36,605,629 $34,355,835 $7,848,741 $16,565,713 1,41 - - - _ 2015 Golden Gate 7,659,678 2,944,005 4,715,673 1,117,036 1,627,298 1.72 - - - - Lehigh Acres 13,847,202 6,202,193 7,645,009 1,100,000 2,675,193 2.03 - - - - Pasco Systems 18,582,004 9,259,062 9,322,942 2,845,000 4,843,739 1.21 - - - Consolidated 5,700,323 2,635,265 3,065,058 495,000 1,110,358 1,91 - - - Lindrick 4,482,545 2,191,805 2,290,740 475,000 1,197,469 1.37 - - - North Fort Myers 11,326,192 5,370,059 5,956,133 1,230,000 2,745,340 1.50 - - - - Lake Aqua 3,512,793 2,040,588 1,472,205 360,000 747,032 1.33 - - - - Pasco Aqua 3,475,577 1,456,076 2,019,501 395,000 840,486 1.63 - - - Unified Aqua 6,929,384 4,634,578 2,294,806 565,000 1,016,157 1.45 - - - - Total $75,515,698 $36,733,631 $38,782,067 $8,582,036 $16,803,072 1.53 - - - - 2016 Golden Gate 7,902,396 2,995,452 4,906,944 1,167,059 1,584,474 1.78 - - - - Lehigh Acres 14,342,314 6,672,418 7,669,896 1,880,000 2,718,738 1.67 - - - - Pasco Systems 19,254,181 9,786,527 9,467,654 2,910,000 4,763,331 1.23 - - - Consolidated 5,870,824 2,510,270 3,360,554 615,000 1,105,108 1.95 - - - - Lindrick 4,528,904 2,219,169 2,309,735 500,000 1,173,112 1.38 - - - - North Fort Myers 11,743,355 5,424,734 6,318,621 1,290,000 2,702,054 1.58 - - - - Lake Aqua 3,748,148 2,169,394 1,578,754 365,000 739,132 1.43 - - - - Pasco Aqua 3,854,826 1,675,857 2,178,969 405,000 831,968 1.76 - - - - Unified Aqua 7,506,629 4,616,515 2,890,114 575,000 1,004,857 1.83 - - - - Total $78,751,577 $38,070,336 $40,681,241 $9,707,059 $16,622,774 1.55 - - Notes: (1)Includes operating revenues,investment income,and miscellaneous income.Also includes funds from Rate Stabilization accounts in accordance with Bond documents.Excludes water and wastewater impact fee revenue and special assessments. (2)Excludes depreciation and amortization expenses. (3)Netted against Build America Bond subsidies received. (4)The Pasco Systems includes the Aloha Gardens and Seven Springs service areas.This system was purchased on February 27,2009 and issued$106,710,000 in debt for the acquistion. (5)The FGUA purchased the Consolidated Systems,the Lindrick Utility Systems and the North Fort Myers Utility Systems during FY 2010 and Issued debt for$5,124,000,$24,665,000, and$62,440,000 respectively for these aquisitions. -75- 98 Florida Governmental Utility Authority Demographic and Economic Statistics Last Ten Fiscal Years Per Capita Estimated Personal School Unemployment population served Income Median Age Enrollment Rate 2007 Golden Gate 22,970 54,337 62.4 42,775 2.7 Lehigh Acres 585,608 35,411 43.7 78,775 2.7 Total 608,578 2008 Golden Gate 23,101 71,033 62.4 42,062 5.1 Lehigh Acres 615,741 39,410 43.2 80,526 5.2 Total 638,842 2009 Golden Gate 22,556 79,315 63.0 41,666 8.2 Lehigh Acres 623,725 41,864 42.7 79,457 9.2 Pasco Systems 439,702 27,628 41.6 62,530 12.5 Total 1,085,983 2010 Golden Gate 21,651 76,708 62.5 42,786 10.0 Lehigh Acres 615,124 41,954 42.7 80,161 13.9 Pasco Systems 437,500 29,113 45.6 66,994 13.2 Consolidated Systems See Pasco System 29,113 45.6 66,994 13.2 Lindrick Systems See Pasco System 29,113 45.6 66,994 13.2 NFMU Systems See Lehigh System 41,954 43 80,161 13.9 Total 1,074,275 2011 Golden Gate 22,390 75,910 63.8 42,098 12.4 Lehigh Acres 622,900 38,653 42.8 81,929 13.5 Pasco Systems 464,697 29,113 45.6 66,994 13.2 Consolidated Systems See Pasco System 29,113 45.6 66,994 13.2 Lindrick Systems See Pasco System 29,113 45.6 66,994 13.2 NFMU Systems See Lehigh System 38,653 34.4 81,929 13.5 Total 1,109,987 2012 Golden Gate 19,537 74,862 63.9 42,430 10.3 Lehigh Acres 625,310 30,363 45.6 83,771 11.2 Pasco Systems 464,697 29,236 43.6 67,337 11.7 Consolidated Systems See Pasco System 29,236 43.6 67,337 11.7 Lindrick Systems See Pasco System 29,236 43.6 67,337 11.7 NFMU Systems See Lehigh System 30,363 45.6 83,771 11.2 Total 1,109,544 2013 Golden Gate 19,939 82,316 64.2 44,346 10.0 Lehigh Acres 631,330 43,022 45.7 85,581 8.7 Pasco Systems 468,562 30,424 43.6 66,497 9.7 Consolidated Systems See Pasco System 30,424 43.6 66,497 9.7 Lindrick Systems See Pasco System 30,424 43.6 66,497 9.7 NFMU Systems See Lehigh System 43,022 45.7 85,581 8.7 Lake Aqua 301,019 33,846 46.2 40,753 8.9 Pasco Aqua See Pasco System 30,424 43.6 66,497 9.7 Unified Aqua 360,308 33,520 42.2 57,023 8.0 Total 1,781,158 -76- ' 9B Florida Governmental Utility Authority Demographic and Economic Statistics Last Ten Fiscal Years Per Capita Estimated Personal School Unemployment population served Income Median Age Enrollment Rate 2014 Golden Gate 20,115 83,798 64.3 44,881 7.2 Lehigh Acres 638,029 40,248 45.6 87,215 7.2 i Pasco Systems 473,566 33,228 43.6 67,374 7.8 Consolidated Systems See Pasco System 33,228 43.6 67,374 7.8 Lindrick Systems See Pasco System 33,228 43.6 67,374 7.8 NFMU Systems See Lehigh System 40,248 45.6 87,215 7.2 Lake Aqua 303,186 34,442 46.2 40,753 6.9 Pasco Aqua See Pasco System 33,228 43.6 67,374 7.8 Unified Aqua 522,512 33,579 38.6 79,938 6.9 Total 1,957,408 2015 Golden Gate 20,537 80,156 64.0 44,415 5.9 Lehigh Acres 643,367 43,169 45.7 90,887 6.1 Pasco Systems 479,340 32,711 43.8 66,904 6.7 Consolidated Systems See Pasco System 32,711 43.8 66,904 6.7 Lindrick Systems See Pasco System 32,711 43.8 66,904 6.7 NFMU Systems See Lehigh System 43,169 45.7 90,887 6.1 Lake Aqua 315,690 35,786 na na 6.3 Pasco Aqua See Pasco System 32,711 43.8 66,904 6.7 Unified Aqua 465,905 37,636 36.7 69,392 6.6 Total 1,924,839 2016 (1) Golden Gate 20,968 84,721 64.0 45,995 4.9 (2) Lehigh Acres 665,845 48,453 46.2 92,780 5.1 (3) Pasco Systems 487,588 33,795 44.1 70,169 6.0 (3) Consolidated Systems See Pasco System 33,795 44.1 70,169 6.0 (3) Lindrick Systems See Pasco System 33,795 44.1 70,169 6.0 (2) NFMU Systems See Lehigh System 48,453 46.2 92,780 5.1 (4) Lake Aqua 325,875 37,698 46.8 (7) 42,000 5.2 (3) Pasco Aqua See Pasco System 33,795 44.1 70,169 6.0 (5) Unified Aqua 472,387 36,512 38.1 (6) 68,879 5.5 Total 1,972,663 Data Sources: (1)City of Naples FY2015 CAFR.Information for Golden Gate System is not specific to the service area. Information reflects the City of Naples data. (2)Lee County FY2015 CAFR. Information for Lehigh Acres and NFMU System data is not specific to the service area. Information reflects the Lee County data. (3)Pasco County FY2015 CAFR. Information for Pasco,Consolidated,Lindrick and Aqua Pasco data is not specific to the service area. Information reflects the Pasco County data. (4)Lake County FY2015 CAFR,U.S.Census and Office of Economic and Development Research. Information for Aqua Lake data is not specific to the service area. Information reflects the Lake County data. (5)Seminole,Marion,and Polk County FY2015 CAFRs. Information for Aqua Unified data is not specific to the service area. Information reflects the average Seminole County, Marion County,and Polk County data. (6)Seminole County FY2015 CAFR. Median Aga information available for Seminole County only. (7)School Enrollment data provided from Lake County School Board -77- 9B Florida Governmental Utility Authority Principal Employers Last Four Fiscal Years 2016 2015 2014 2013 Percentage of Percentage of Percentage of Percentage of total County total County total County total County Employer Employees Rank Employment Employees Rank Employment Employees Rank Employment Employees Rank Employment Golden Gate 111 Collier County School District 7.041 1 25.4% 5,365 1 21.1% 5288 1 20.8% 5,374 1 22.2% NCH Healthcare System 7,000 2 252% 4,000 2 15.7% 4,000 2 15.7% 3,007 2 12.4% Publix Supermarket 6,968 3 25.1% 2,214 7 8.7% 800 7 3.1% 2,214 3 9.1% Collier County Government 1,600 4 5.8% 1.946 3 7.6% 2,157 3 8.5% 2,121 4 8.8% Marriott Corporation,Inc.(Ritz Carlton) 1,100 5 4.0% 800 6 3.1% 1,100 6 4.3% 743 6 3.1% The Country Club of Naples 1,050 6 3.8% Collier County Sheriffs Office 1,029 7 3.7% 1,367 4 5.4% 1,867 4 7.3% 1,387 5 5.7% The Moorings 754 8 27% 730 10 2.9% 730 10 2.9% 730 8 3.0% Naples Grande Beach Resort 700 9 2.5% Fifth-Third Bank 500 10 1.8% 733 9 29% 733 9 2.9% 733 7 3.0% Waldorf Astoria(Naples Grande Beach) 760 8 3.0% 760 8 3.0% 605 9 2.5% Allen Systems Group 1,200 5 4.7% 1,300 5 5.1% Barron Collier Partnership 600 10 2.5% Estimated Other Employers N/A 6,325 24.9% 6,684 26.3% 6,684 27.6% Total 27,742 100.0% 25,440 100.0% 25,419 100.0% 24,198 100.0% Lehigh Acres and North Fort Myers(21 Lee Memorial Health System 10,900 1 3.5% 10.500 1 3.7% 10,425 1 3.8% 10,249 1 3.7% Lee County School District 10,600 2 3.4% 10.000 2 3.5% 10,333 2 3.8% 9,394 2 3.4% Publix Super Markets 5,007 3 1.6% 5,297 3 1.9% 4,404 3 1.6% 4,362 3 1.6% Lee County Government 2,584 4 0.8% 2,528 4 0.9% 2,358 4 0.9% 2,538 4 0.9% Wal-Mart 2,507 5 0.8% 2,075 5 0.7% 1,967 5 0.7% 1,967 5 0.7% Home Depot 1,783 6 0.6% City of Cape Coral 1,654 7 0.5% 1,654 7 0.6% 1,197 9 0.4% 1,197 9 0.4% Chico's FAS,Inc 1,642 8 0.5% 1,703 6 0.6% 1,703 6 0.6% 1,253 8 0.5% Lee County Sheriffs Office 1,585 9 0.5% 1,508 8 0.5% 1,535 7 0.6% 1,585 6 0.6% U.S.Postal Service 1,477 10 0.5% 1,477 8 0.5% 1,291 7 0.5% Florida Gulf Coast University 1,490 9 0.5% ShellPoint Retirement Community 1.000 10 0.4% Target 1,100 10 0.4% 1,100 10 0.4% Estimated Other Employers 269,514 87.2% 244.842 86.6% 237,930 86.7% 240,151 87.3% Total 309,253 100.0% 282,597 100.0% 274,429 100.0%_ 275,087 100.0% Pasco,Consolidated,Lindrick and Pasco Aqua Utility Systems(31 Pasco County School District 9,713 1 4,9% 9,278 1 5.2% 9,289 1 4.0% 9,289 1 4.7% Pasco County Government 2,730 2 1.4% 2,627 3 1.5% 2,026 5 1.0% 2,000 3 1.0% HCA Health Services of Florida(Regional Medical Center Bayonet Point,Medical Center of 2,597 3 1.3% 2,646 2 1.5% 2,502 3 1.3% 2,086 6,8 1.1% Trinity fka Community Hospital) State of Florida Government 1,211 4 0.6% 1.218 5 0.7% 1,262 7 0.6% 1,296 5 0.7% Pasco County Sheriff 1,189 5 0.6% 1,336 4 0.7% 1,319 6 0.7% 1,300 4 0.7% Morton Plant North Bay Hospital 873 6 0.4% 873 8 0.5% 831 10 0.4% 777 10 0.4% Florida Hospital Zephyrhills 847 7 0.4% 950 7 0.5% 1,000 9 0.5% 1,050 7 0.5% Florida Hospital Wesley Chapel 750 8 0.4% Saint Leo University 726 9 04% Federal Government 724 10 04% 729 10 0.4% WalMart Supercenters 766 9 0.4% 2,531 2 1.3% 2,050 2 1.0% Physicians Injury Medical Center 2,200 4 1.1% Florida Medical Clinic 1,193 6 0.7% 1,066 8 0.5% 909 9 0.5% Estimated Other Employers 178,080 89.3% 158.517 88.0% 171.307 87.7% 176,929 89.5% Total 199,440 100.0% 180,133 100.0% 195,333 100.0% 197,686 100.0% Lake Aqua Utility System 14) Lake County Public Schools 5,435 1 4.1% 5,435 1 4.3% 6,796 1 5.5% 4,353 1 3.6% Leesburg Regional Medical 1,826 2 1.4% 1,826 2 1.4% 2,299 2 1.9% 2,093 2 1.8% Lake County Government 1,782 3 1.3% 1,501 3 1.2% 1,411 5 1.1% 1,817 4 1.5% Florida Hospital Waterman 1,482 4 1.1% 1,482 4 1.2% 1,500 3 1.2% 1,400 5 1.2% Southlake Hospital 1,143 5 0.9% 1,143 5 0.9% 1,500 4 1.2% Villages of Lake-Sumter,Inc. 1,120 6 0.8% 1,120 6 0.9% 1,120 6 0.9% 2,022 3 1.7% Lake Port Square 500 7 0.4% 500 7 0.4% 400 9 0.3% Lifestream Behavioral Company 500 7 0.4% 500 7 0.4% Dura-Stress,Inc. 425 8 0.3% 425 8 0.3% Hewitt Contracting Company 370 9 0.3% 370 9 0.3% Southeast Modular Manufacturing 325 10 0.2% 325 10 0.3% Lake Medical Imaging 500 7 0.4% Ranye Components 400 10 0.3% Embarq 811 6 0.7% Casmin Incorporated 800 7 0.7% G8T Conveyor Company.Inc. 550 8 0.5% Bailey Industries 509 9 0.4% Accent 500 10 0.4% Estimated Other Employers 119,063 88.9% 113,042 88.5% 107.413 87.1% 104,733 87.6% Total 133,971 100.0% 127,669 100.0% 123,339 100.0% 119,588 100.0% Unified Aqua Utility System 15) Polk County School Board 13,135 1 2.0% 13,121 1 2.1% 13,800 1 22% 13,800 1 2.2% Publix Supermarkets(Polk 8 Marion) 11,737 2 1.8% 12,030 2 1.9% 10,470 2 1.7% 9.800 2 1.5% Walmart(Polk B Marion) 8,608 3 1.3% 7,470 4 1.2% 5,100 5 0.8% 5,100 5 0.8% Seminole County Public Schools 7,687 4 1.2% 7,751 3 1.2% 7,952 3 1.3% 7,220 3 1.1% Marion County Public Schools 6,070 5 0.9% 6,071 6 1.0% 6,071 4 1.0% 6,071 4 0.9% Lakeland Regional Medical Center 4,499 6 0.7% 4,500 8 0.7% 4,500 7 0.7% 4,500 7 0.7% Polk County Government 4,472 7 0.7% 4,500 7 0.7% 4,500 6 0.7% 4,500 6 0.7% Orlando Sanford International Airport 3,500 8 0.5% 3,500 10 0.6% AT&T(Seminole n Marion) 3,063 9 0.5% 4,063 9 0.6% Munroe Regional Medical Center 2,648 10 04% 2,648 10 0.4% 2,648 9 0.4% State of Florida(Polk+Marion) 6,900 5 1.1% 4,300 8 0.7% 4,300 8 0.7% Mosiac 3,000 9 0.5% State of Florida(Marion County) 2.600 10 0.4% Estimated Other Employers 584,445 89.9% 556,200 88.8% 563,765 90.0% 578,855 90.5% Total 649,864 CCo.0% (1) City of Naples FY2015 CAFR Note,Employer Statistical Information is not available for the specific service area.Information presented is for the whole City of Naples. (2) Lee County FY2015 CAFR Note:Employer Statistical Information is not available for the specific service area.Information provided is for all of Lee County. (3) Pasco County FY2015 CAFR Note: Information for Pasco Systems is presented for all of Pasco County.This information is relevant for the Pasco, Consolidated,Lindrick and Aqua Pasco Utlity Systems. (41 Lake County FY2015 CAFR Note Employer Statistical Information is not available for the specific service area.Information provided is for all of Lake County. (5)Seminole County FY2015 CAFR,Polk County FY2015 CAFR.end Marion County FY2015 CAFR Note.Employer Statistical Information is not available for the specific service area Information provided is for all of Seminole County and Polk County. N/A=Not provided or available -78- 9R • Florida Governmental Utility Authority Operating Indicators by Function Last Ten Fiscal Years Fiscal Year Function 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Water Citrus(1) New Connections 105 - - - - - - - - - Average Daily Flow(mgpd)* 5.775 - - - - - - - - - Poinciana(2) New Connections 284 - - - - - - - - - Average Daily Flow(mgpd)* 7.850 - - - - - - - - - Golden Gate New Connections 55 (1) (299) 13 13 (78) 68 (46) 6 38 Average Daily Flow(mgpd)* 1.446 1.411 1.341 1.38 1.427 1.626 1.284 1.374 1.54 1.516 Lehigh Acres New Connections 267 125 56 60 46 (488) 3 67 41 154 Average Daily Flow(mgpd)* 2.437 2.162 2.07 2.105 2.199 2.203 2.01 2.051 2.249 2.27 Pasco(3) New Connections - - 15,196 (192) 236 446 213 102 (43) 2,111 Average Daily Flow(mgpd)' - - 4.006 3.28 3.009 3.283 3.119 2.996 2.879 3.018 Consolidated(4) New Connections - - - 2,358 20 3,596 122 267 53 58 Average Daily Flow(mgpd)* - - - 0.382 0.360 1.285 1.202 1.081 1.181 1.283 Lindrick New Connections - - - 2,766 59 (7) 10 250 (4) 15 Average Daily Flow(mgpd)* - - - 0.704 0.658 0.630 0.653 0.597 0.569 0.566 MacDill AFB New Connections - - - 1 - - - - - - Average Daily Flow(mgpdy - - - - 1.200 0.977 0.988 0.903 0.856 0.762 North Fort Myers(6) New Connections - - - 1,839 10 - - (8) 2 12 Average Daily Flow(mgpd)• - - - 0.131 0.077 0.0825 0.086 0.094 0.091 0.083 Lake Aqua New Connections - - - - - - 4,778 20 (168) 410 Average Daily Flow(mgpdy - - - - - - 0.832 0.793 0.778 0.853 Pasco Aqua New Connections - - - - - - 2,886 (63) 28 421 Average Daily Flow(mgpd)' - - - - - - 0.237 0.337 0.373 0.377 Unified Aqua New Connections - - - - - - 7,106 183 49 361 Average Daily Flow(mgpd)* - - - - - - 1.483 1.470 1.492 1.432 Total New Connections 711 124 14,953 6,845 384 3,469 15,186 772 (36) 3,580 Average Daily Flow(mgpd)* 17.508 3.573 7.417 7.982 8.930 10.087 11.894 11.696 12.008 12.160 Wastewater Citrus(1) New Connections 65 - - - - - - - - - Average Daily Flow(mgpd)' 0.556 - - - - - - - - - Poinciana(2) New Connections 661 - - - - - - - - - Average Daily Flow(mgpd)* 5.240 - - - - - - - - - Golden Gate New Connections 12 (7) (319) 1 - (20) 30 (31) (11) 23 Average Daily Flow(mgpd)* 1.209 1.204 1.105 1.025 0.863 1.113 1.171 1.08 1.113 1.104 Lehigh Acres New Connections 138 77 27 89 45 (135) (18) 36 74 143 Average Daily Flow(mgpd)* 1.602 1.764 1.674 2.044 1.429 1.446 2.002 1.707 1.92 2.156 Pasco(3) New Connections - - 14,555 (153) 178 420 237 1,917 190 (2,016) Average Daily Flow(mgpd)* - - 1.345 1.670 1.750 1.891 1.747 1.596 1.674 1.574 Consolidated(7) New Connections - - - - - 3,037 70 214 (13) 29 Average Daily Flow(mgpd)* - - - - - 0.018 0.014 0.017 0.021 0.02 Lindrick New Connections - - - 2,508 42 (9) 27 9 (5) 14 Average Daily Flow(mgpd)`,-- - - - - - - - - - - MacDill AFB New Connections - - - 1 - - - - - - Average Daily Flow(mgpd)' - - - - 0.600 0.413 0.421 0.465 0.577 0.549 North Fort Myers(5) New Connections - - - 11,650 86 46 46 29 97 9 Average Daily Flow(mgpd)* - - - 2.097 1.963 1.867 2.983 2.711 3.148 3.815 Lake Aqua New Connections - - - - - - 1,164 (2) (2) 83 Average Daily Flow(mgpd)* - - - - - - 0.125 0.147 0.154 0.152 Pasco Aqua New Connections - - - - - - 2,742 (77) 31 410 Average Daily Flow(mgpdy - - - - - - 0.261 0.282 0.347 0.308 Unified Aqua New Connections - - - - - - 1,824 114 (31) 85 Average Daily Flow(mgpd)' - - - - - - 0.446 0.495 0.463 0.421 Total New Connections 876 70 14,263 14,096 351 3,339 6,122 2,209 330 (1,220) Average Daily Flow(mgpd)* 8.607 2.968 4.124 6.836 6.605 6.748 9.170 8.501 9.417 10.099 Notes:'rngpd=Million gallons per day +Wastewater treatment provided by Hillsborough County,Florida ++Wastewater treatment provided by City of New Pod Richey(0.700 MGD) +++Wastewater treatment provided by Pasco county,Florida (1)The Citrus System was transitioned to Citrus County on February 15,2007. 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''''''''''''''' N gr . $+ + s 1. 9 B AA James Moore Certified Public Accountants and Consultants INDEPENDENT AUDITORS' REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND ON COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS To the Board of Directors, Florida Governmental Utility Authority: We have audited, in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in the Government Auditing Standards issued by the Comptroller General of the United States, the financial statements of the business-type activities and each major fund of Florida Governmental Utility Authority(the Authority)as of and for the year ended September 30, 2016, and the related notes to the financial statements, which collectively comprise the Authority's basic financial statements, and have issued our report thereon dated March 10, 2017. Internal Control over Financial Reporting In planning and performing our audit of the financial statements, we considered the Authority's internal control over financial reporting(internal control)to determine the audit procedures that are appropriate in the circumstances for the purpose of expressing our opinions on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of the Authority's internal control. Accordingly, we do not express an opinion on the effectiveness of the Authority's internal control. A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect and correct misstatements on a timely basis. A material weakness is a deficiency, or combination of deficiencies, in internal control such that there is a reasonable possibility that a material misstatement of the Authority's financial statements will not be prevented, or detected and corrected on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance. Our consideration of internal control over financial reporting was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control over financial reporting that might be material weaknesses or significant deficiencies. Given these limitations, during our audit we did not identify any deficiencies in internal control over financial reporting that we consider to be material weaknesses. However, material weaknesses may exist that have not been identified. - 83 - 121 Executive Circle 5931 NW 1st Place 2477 Tim Gamble Place,Suite 200 Daytona Beach,FL 32114-1180 Gainesville,FL 32607-2063 Tallahassee,FL 32308-4386 Telephone:386/257-4100 Telephone:352/378-1331 Telephone:850/386-6184 Fax:386/252-0209 Fax:352/372-3741 Fax:850/422-2074 dab@jmco.com gnv@jmco.com tlh@jmco.com Member of AGM International with offices in principal cities worldwide 9B Compliance and Other Matters As part of obtaining reasonable assurance about whether the Authority's financial statements are free from material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements, noncompliance with which could have a direct and material effect on the determination of financial statement amounts.However,providing an opinion on compliance with those provisions was not an objective of our audit and, accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards. Purpose of this Report The purpose of this report is solely to describe the scope of our testing of internal control and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the entity's internal control or on compliance. This report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the entity's internal control and compliance. Accordingly, this communication is not suitable for any other purpose. amt, WtC (' t8• , Daytona Beach,Florida March 10 ,2017 - 84- Pennington 9 MooreFrederick L.Busack Wilkinson Attorney at Law Bell (813)639-9599 fred r@penningtonlaw.com Dunbar PA. ATTORNEYS AT LAW vv, c.i)ennIn 1UnlriU (0111 September 27, 2010 Robert Vocisano Sharon Romer Quality Inn Golf Resort 4100 Golden Gate Pkwy Naples, FL 34116 Mr. Vocisano and Ms. Romer: Tarek and I appreciated you taking the time to meet with us. We also appreciate the cooperative relationship that has developed between the FGUA, its local service provider and the golf course resort owners and operators. As you suggested in the meeting, we have been investigating the title encumbrances and fee conveyances on the golf course property and found a number of problems.The great news is that it doesn't appear that anything is too difficult to remedy. Attached as Exhibit A,you will find a complete summary of our title search.We have also prepared a couple of maps to assist you with identifying the issues. The first map, attached as Exhibit B, illustrates the locations of the fee parcels and utility easements on the golf course, and the second map, attached as Exhibit C, illustrates the location of an access easement that was apparently originally intended to provide access to the water plant parcel,the adjacent maintenance area and the parcel with the large antenna located on it. Attached as Exhibit D are copies of all the documents identified in the title summary. By referencing the first map (Exhibit B), the most significant problem that we see is that, due to numerous conveyances of the water plant parcel,and apparent mistakes in the legal description,the FGUA finds itself in the strange position of owning two water plant parcels.The primary reason for this strange situation is the apparent error in the legal description used in the quitclaim deed recorded at Official Records Book 1131, Page 1230 of the Public Records of Collier County, Florida. By referencing the second map (Exhibit C), it seems pretty obvious that the access easement to the water plant is in the wrong location and should be properly located and corrected to reflect the access that all parties actually use. The terms of this easement are somewhat unusual in that it appears to give the FGUA the right to license others to use this access easement--which is apparently exactly what the FGUA's predecessors did.It is this license that allows the owners of the parcel that contains 270I North Rocky Point Drive, Suite 900 • Tampa, FL 33607 • (813) 639-9599 • (813) 639-1488 fax .___...._. _. __....... ._._ ._ __ ........... ....... - .....__.. _ . __....._,.........-- TALLAHASSEE TAMPA CLEARWATER 98 Letter to Vocisano and Romer September 27, 2010 Page 2 the antenna(identified on the first map as the"Cable Parcel") to access their fee parcel. A license,by definition,can be revoked at will by the grantor of the license. Consequently,this is a somewhat precarious title state for the antenna parcel fee owners as this is their only access to their fee parcel. Additionally,the terms of the license are rather onerous on the antenna fee parcel owners as they have the sole responsibility to indemni fy the FGUA for any damage that may occur to the access. For example, the hurricane damage that you pointed out in our meeting and in your prior correspondence would be the complete responsibility of the antenna parcel fee owners under the terms of the license. As you pointed out, this is probably not equitable, nor what the parties likely intended - but the license terms remain. One item that is not shown on the map is a utility easement that we discussed in our meeting. It is recorded at Official Records Book 4508, Page 1308.As we indicated in our meeting,this easement was recorded in the public records without the FGUA's knowledge or approval. It was apparently conveyed to the FGUA to contain a small portion of recently installed pipeline that extends outside the 30'-wide utility easement between the water plant parcel and the lots on the west side of the golf course. The portion of pipeline that lies outside the granted utility easement need not have been contained within this additional encumbrance. Instead,since the portion of the pipeline lying outside the utility easement lies under the driveway within the existing access easement, it would have been a simple matter to make the access easement into an access and utility easement when the revised legal description is completed. This would have completely eliminated the need for this additional encumbrance. While there are other smaller title defects outlined in the title summary below,these seem to be the major problems. However,it may be possible to further clear the title on the golf course,because it appears that the FGUA may no longer need the easement lying across the golf course property and extending up the east side of the property, so long as the FGUA can get another easement closer to the water plant parcel. It may be possible to have this easement located partially within the second water plant parcel illustrated on the map, with a small fee parcel reserved for the well itself, and extend northward along the cart path to the original water plant parcel.Naturally,we would wish to work with you on this to be sure that it does not interfere with your golf operations. To assist us all with developing a summary solution to this rather lengthy set of title issues,we have taken a stab at outlining a proposed global resolution: Proposed Resolution 1. The golf course fee owners,the antenna parcel fee owners and the FGUA will evenly split the cost to have the antenna parcel and the three associated appurtenant easements and the water plant parcel and two associated appurtenant utility easements 9 8 Letter to Vocisano and Romer September 27, 2010 Page 3 surveyed to create correct legal descriptions that all three parties can agree upon.The surveys will be certified to all three parties. The surveyor will also make sure the associated appurtenant easements properly connect to the revised fee parcel descriptions. 2. The golf course owners,the antenna parcel owners and the FGUA will evenly split the cost to have a replacement access and utility easement surveyed. The easement should be located about 10' west of the existing concrete drive and abut the antenna fee parcel and the water plant parcel on the east side of the corrected easement, then extend along and adjacent to the water plant parcel south boundary. 3. The FGUA attorney will prepare corrective deeds to adopt the new legal descriptions for the fee parcels and draft two new non-exclusive access and utility easements to replace the current access easement and access license and incorporate the new legal descriptions. The access and utility easement for the antenna parcel will terminate at the antenna parcel's southern boundary while the FGUA's access and utility easement will include this same area as well as the area extending along the west boundary of the water plant parcel and along the south boundary of the water plant parcel.The FGUA attorney will also prepare a bill of sale to the golf course fee owners for any pipelines or appurtenances that may lie within the exclusive easement to the east of the water plant parcel that will also be vacated. 4. The FGUA will vacate the current access easement and the exclusive easement east of the water plant parcel and record these vacation instruments in the pubic record along with the bill of sale conveying any pipeline or appurtenances in the vacated exclusive easement to the golf course fee owners. 5. The FGUA will revoke the access license to the antenna parcel fee owners and record the revocation in the public record. 6. The parties will record the corrective deeds for the antenna parcel and three associated appurtenant easements and the water plant parcel and two associated appurtenant utility easements. 7. The parties will record the new replacement access and utility easements. 8. The FGUA will quitclaim its interest in the second water plant parcel created by the quitclaim deed recorded at OR 1131, PG 1230 to the golf course fee owners. 9. The parties will equally split the attorney cost that the FGUA incurs to repair the title for everyone. 10. The parties will develop an agreement to deal with maintenance and damage 9B Letter to Vocisano and Romer September 27, 2010 Page 4 to the access road moving forward and resolve any other issues between them,including,but not limited to tree trimming,planting restrictions and set backs and any other issues that any of the three parties feel should be included in an agreement between the parties. Please let us know when you will be available to meet to continue the resolution of these issues. It would probably be advisable for all three parties to meet next time so we can all see and understand the issues and the proposed resolutions. To that end,we would appreciate any information you may have on the proper contact persons for the current antenna parcel fee owners.As we indicated in our meeting, we also welcome any additional title information that you may have uncovered in your internal records search that could add to the title summary we have assembled to date. We look forward to working with you to resolve these problems and continue our cooperative relationship moving forward. Sincerely, Frederick L. Busack, Esq. Pennington, Moore, Wilkinson, Bell & Dunbar, P.A. FLB/lb B EXHIBIT A Title Search Summary 9/23/63 PB 5, PG 60 - Gulf American Land Corporation plats Golden Gate Unit 1. This is where the access easement from Golden Gate Parkway to the water plant site will be located on a parcel identified as Tract B in this plat. 8/29/66 OR 221,PG 410-Gulf American Land Corporation conveys in fee the future site of the Best Western to Golden Gate Inn, Inc. 4/3/69 PB 9,PG 107A-Golden Gate Golf and Country Club, Inc.and Gulf American Corporation plat Golden Gate Unit 8,Part 2. This is where the water plant will eventually be built on a parcel identified as Tract A in this plat. 1/8/73 OR 530, PG 916 - This is the deed from GAC Properties Inc. and Golden Gate Golf and Country Club, Inc. to GAC Utilities, Inc. conveying the water plant site in fee and two 30'-wide utility easements that intersect the fee parcel. Notes: 1) The legal description of the fee parcel does not close. 2)The legal descriptions of the two 30'-wide utility easements appear to be correct. 4/30/73 OR 530,PG 922-This grants a 30'-wide easement"for road purposes"to the utility, its assigns, successors, agents and, strangely, its "licensees." This appears to be interpreted to allow the utility to license others to use this easement. Notes: 1)This seems intended to abut the entire west side of the water plant site and extend around to an entrance contemplated on the southern boundary of the water plant parcel. 2) On the Relative Access Easement Location map,this easement is denoted in orange. Note that it does not appear to line up properly with the actual location of the water plant parcel. 3) This easement does not mention use for utility purposes so although the pipeline that was improperly placed apparently lies within this easement, it could be argued that this may not be an allowed use of the easement rights conveyed.There may also be a gap between the easement and the fee parcel. 6/18/73 OR 538, PG 353 -This is the deed from Golden Gate Golf&Country Club to Gulf Communicators,Inc. for the fee parcel that contains the large antenna,adjacent to the north boundary of the water plant parcel. 9B 11/1/73 OR 585,PG 85-Golden Gate Golf and Country Club,Inc.grants numerous drainage and power easements to GAC Properties Inc. that will encumber the eventual water plant parcel and subsequent utility easements and access easements. 11/1/73 OR 585, PG 92 - GAC Properties Inc. reserves the same easements outlined in the previous instrument to itself and its assigns or grantees. 5/8/74 OR 589,PG 760-This is purportedly a corrective deed to correct the legal description in the fee portion of the deed recorded at OR 530,PG 916,but the corrective description of the fee parcel does not close and is therefore a nullity. 6/10/75 OR 622,PG 787-This is the corrective-corrective deed! It is intended to correct the erroneous legal description used in the corrective deed recorded at OR 589,PG 760-- which itself was intended to correct the erroneous description used in the first deed recorded at OR 530, PG 916. Notes: 1) This creates the legal description of the plant and the two utility easements. 2) The easement on the west side of the plant begins between Lots 13 and 14, Block 281 of the Golden Gate Unit 8, Part 2 subdivision recorded at PB 9, PG 111. 12/20/82 OR 2848,PG 2969(recorded as part of the Assignment of Interests from Florida Cities Water Company to the FGUA which begins at OR 2848,PG 2958)-Frank J. Callahan,Norman S. Edelcup and Juanita Rivera,being directors of Golden Gate Golf&Country Club,Inc., a dissolved Florida Corporation,quitclaimed their interest in Tract A, GOLDEN GATE, Unit 8, Part 2, as recorded in PB 9, PG 107A to Domenic D'Agostino, Frank D'Agostino, Marion (sic) Vocisano and Robert Vocisano. Note: 1) This deed specifically excepts the area previously conveyed to Gulf Communications, Inc.by the warranty deed recorded.at OR 538, PG 353, but nothing else. 4/12/83 OR 1086, PG 181 - Frank D'Agostino quitclaims his interests in Tracts A and B, GOLDEN GATE,Unit 1,as recorded in PB 5,PG 62 and Tract A,GOLDEN GATE, Unit 8, Part 2 as recorded in PB 9, PG 107A (among other parcels) to Robert Vocisano, Mario Vocisano, Dominic D'Agostino and Salvatore Forlani, who are identified as a Florida general partnership also known as Golden Gate Inn. Note: 1) This deed specifically excepts the area previously conveyed to Gulf Communications, Inc. by the warranty deed recorded at OR 538, PG 353 as well as the areas purportedly previously conveyed to GAC Utilities, Inc. by the deeds recorded at OR 530, PG 916 and OR 589, B PG 760 but makes no mention of the corrective-corrective deed recorded at OR 622, PG 787. 4/12/83 OR 1086, PG 182 - Sam Montello quitclaims his interests in Tracts A and B. GOLDEN GATE,Unit 1,as recorded in PB 5,PG 62 and Tract A,GOLDEN GATE, Unit 8, Part 2 as recorded in PB 9, PG 107A (among other parcels) to Robert Vocisano, Mario Vocisano, Dominic D'Agostino and Salvatore Forlani, who are identified as a Florida general partnership also known as Golden Gate [nn. Note: 1) This deed specifically excepts the area previously conveyed to Gulf Communications,Inc. by the warranty deed recorded at OR 538,PG 353 as well as the areas purportedly previously conveyed to GAC Utilities, Inc.by the deeds recorded at OR 530, PG 916 and OR 589, PG 760 but makes no mention of the corrective-corrective deed recorded at OR 622, PG 787. 3/30/84 OR 1077,PG 772-American Cablevision Services, Inc.,f/k/a Gulf Communicators Inc. conveys the antenna fee parcel and guy and power line easements described in the document recorded at OR 538,PG 353 to Florida Cablevision Management Corp. Note: 1) The description confirms the existence of the access easement recorded at OR 530, PG 922 that is located adjacent to the fee parcel. 3/30/84 OR 1077, PG 774 - This is a license agreement from Avatar Utilities, Inc. (AUI) to Florida Cablevisions Management Corp.(FCMC).This appears to be a license from the non-exclusive easement holder(AUI)to another entity(FCMC). This is usually not possible unless the easement is a perpetual,exclusive easement,but this seems to have been contemplated by the parties as indicated in the easement grant noted in the instrument recorded at OR 530, PG 922. Notes: 1) This is very important as this appears to be the only basis by which the cable company can access its fee parcel. 2) There is an indemnification in this license whereby the licensee agrees to pay "for any and all liability for personal injuries,property damage, or for loss of life or property resulting from, or in any way connected with, the condition or use of the premises covered by this License,except for personal injuries,property damages,or loss of life or property caused solely by negligence of Licensor." 3) This indemnification would seem to leave the FGUA without any responsibility to pay for repair of the road resulting from hurricanes. 2/25/85 OR 1131, PG 1230 - This is a quitclaim deed from Domenic D'Agostino, Mario Vocisano, Salvatore Forlani and Robert Vocisano, who are identified as a Florida General Partnership, to Avatar Utilities, Inc. for the water plant parcel and the two 98 connecting utility easements.The legal description for the water parcel does NOT use the correct description found in the corrective-corrective deed recorded at OR 622, PG 787. It uses a different call distance from the point of commencement that is 685 feet south of the original description.However,the description does apparently close. This therefore amounts to the conveyance of a second water treatment parcel located to the south of the original described parcel. Note: 1) In addition to the first call distance from the point of commencement,this legal description varies slightly in the remainder of the legal description from that recorded at OR 622, PG 787. It will have to be determined by a surveyor which is actually correct. 12/31/86 OR 1241, PC 2343 - Dominic D'Agostino and Salvatore Forlani quitclaim their interests in Tracts A and B,GOLDEN GATE, Unit 1,as recorded in PB 5,PG 62 and Tract A, GOLDEN GATE, Unit 8, Part 2 as recorded in PB 9, PG 107A (among other parcels)to Robert Vocisano and Mario Vocisano,a Florida general partnership known as Golden Gate Inn. Notes: 1) This deed specifically excepts the area previously conveyed to Gulf Communications, Inc. by the warranty deed recorded at OR 538, PG 353 as well as the areas purportedly previously conveyed to GAC Utilities, Inc.by the deeds recorded at OR 530, PG 916 and OR 589, PG 760 but makes no mention of the corrective-corrective deed recorded at OR 622, PG 787. 2) This deed also specifically excepts the properly deeded to Avatar Utilities, Inc. as recorded at OR 1131, PG 1230. 1/15/87 OR 1251, PG 790 - Avatar Properties Inc. grants a 10'-wide utility easement to Avatar Utilities Inc.along the south side of Lot 14,Block 281 of Golden Gate Unit 8, Part 2.This increases the 6'-wide public utility easement that was dedicated pursuant to the plat another 4' and specifically names the utility company as the grantee. 3/17/87 OR 1270, PG 2130 - Dennis Getman records an affidavit that indicates that Avatar Utilities Inc. has merged with Florida Cities Water Company. 3/23/89 OR 1434, PG 238 - Golden Gate Inn / Robert Vocisano grants an easement to Florida Power & Light Company to presumably allow power service to the water plant parcel. Notes: 1) The legal description does not connect to the actual water plant parcel. Instead it connects to the quitclaimed parcel recorded at OR 1131,PG 1230. 2) The grantor does not appear to be the owner of the fee where the easement was granted since the easement granted actually lies within 9 8 the second water plant parcel conveyed to the utility pursuant to the quitclaim deed recorded at OR 1131, PG 1230. 8/23/96 Not recorded - On or about this date, Mike Acosta, a Vice President for Florida Cities Water Company, signed an "Agreement to Purchase an Easement" document that had previously been executed by Robert Vocisano and Mario Vocisano. Notes: 1) This is essentially a purchase and sale document. 2) The sale apparently was completed as evidenced by the recording of the easement below. 3) Paragraph 21(a)indicates that this agreement is not to be recorded. This paragraph also provides that the contract shall bind the successors to the parties. This would suggest that the provisions of the contract may have been intended as a restrictive covenant that runs with the land, but the absence of these specific words and the restriction against recording the document seem to contradict this interpretation. 4) Paragraph 21(b) seems to contemplate an ongoing payment of property taxes over the 1.55 acres that are encumbered by the easement.The payment is apparently intended to be the taxes for the fee value of the encumbered lands even though the interest being sold is only an easement. 5) If the document is deemed a restrictive covenant, it does not apply to the FGUA. (See Ryan v. Manalapan, 414 So. 2d 193 (Fla. 1982). 6) Despite the claim that the contract binds successors,the FGUA is not in privity of contract for terms that it did not assume. There is no mention of the contract in the Utility System Asset Acquisition Agreement. 7) Even if the FGUA is somehow deemed to stand in the shoes of the Buyer in this contract, the sole remedy for the Buyer's breach according to paragraph 15 is the Seller keeping the deposit as liquidated damages. 8) Paragraph 16 has a prevailing party clause in case of litigation. 9/11/96 OR 2228, PG 1331 -This is an exclusive easement for the well located near the 1st tee and Collier Blvd. (a/k/a S.R. 858 on the plats and C.R. 951 in a number of conveyance documents)and the pipeline that connects it to the water treatment plant. Notes: 1) This expires automatically if abandoned, but abandonment is not 9 B defined. 2) This can be used for more than I well. 3) There seems to be a belief that the FGUA is to pay for taxes related to this.There is no such provision in this instrument-only the unrecorded purchase and sale agreement described above. 4) This parcel does NOT abut the right-of-way so legal access, including power lines, is only currently possible via the water treatment plant parcel which would probably be detrimental to the golf course if the FGUA were to use the easement for power lines. 4/7/99 OR 2536,PG 900-This is the Special Warranty Deed whereby Florida Cities Water Company conveyed the water plant parcel, and all other Golden Gate fee parcels, to the FGUA. The legal description of the water plant matches the legal description in the corrective-corrective deed recorded at OR 622, PG 727. 11/6/09 OR 4508, PG 1308 - Someone, without the knowledge or consent of the FGUA, records a utility easement from "Golden Gate Country Club owned representative" to the FGUA for an area that supposedly contains the pipeline improperly installed outside the FGUA's existing utility easement. Note: 1) This does not appear to be the proper name of the grantor. 2) It does not appear to be signed by the grantor, but is instead filled in with a printed name. However, Sharon Romer, the notary who notarized the document, who is also the General Manager/Comptroller of the property, indicated that this was indeed the person's signature(apparently the superintendent of the property at the time) and that the owner had authorized the execution of the document. 3) We do no know whether the easement described in this document actually contains the pipeline that was installed outside the FGUA's existing utility easement. Summary of Title Problems for the Fee Owners that the FGUA can Help Resolve 1. The access easement recorded at OR 530,PG 922 encumbers significant land that is not used by the FGUA or any other party for access. It is therefore an unnecessary title encumbrance that can be removed if a correct combined access and utility easement is substituted. 2. The quitclaim deed recorded at OR 1131, PG 1230 granted the FGUA a second water plant parcel. This significantly encumbers the golf course owners'property and the FGUA could quitclaim its interest in this second water plant parcel back to the owners to remove this 9B problem. 3. There is considerable doubt about the actual legal description of the water treatment plant parcel since it has been conveyed a number of times and the legal descriptions in these instruments were not consistent. The FGUA and the owners could get a survey to properly describe the water plant parcel, its associated appurtenant utility easements and the new combined access and utility easement running north and south to the parcel. Corrective documents could then be prepared and recorded that would resolve the title problems for good. Due to the doubt in the water plant parcel description, it is likely the adjacent fee parcel on which the antenna is located is also defective. To make sure all parties are protected,both fee parcels should be surveyed with the surveyor certifying the survey to all three parties. 4. If the FGUA no longer needs the easement to Well#9 and a replacement easement closer to the water plant parcel could be obtained,the FGUA could vacate this long easement across the golf course and provide a bill of sale to the owners for any pipelines or appurtenances that might be in the easement. 5. The FGUA is the grantor of a license to the owners of the antenna parcel so that these owners can access their parcel. The ability to grant the license is indicated in the easement grant to the FGUA's predecessor in interest recorded at OR 530, PG 922. The FGUA could revoke this license at any time and leave the owners of the antenna parcel without access,but it has not done so because the license also provides that the owners of the antenna parcel will indemnify the FGUA for any damage that occurs in the access easement.Consequently,the golf course fee owners are obligated to look solely to the owners of the antenna fee parcel for any damages that may result from hurricane damage or other maladies. The FGUA could consider some more equitable solution to these problems for the two other fee owners. 7. Without the FGUA's acceptance or knowledge,someone recorded an easement over the golf course fee owners' property that was executed by the golf course owners' previous superintendent that creates an encumbrance on the golf course fee owners"property that is not consistent with other easement encumbrances on the property. The FGUA could vacate this easement if it is replaced by the combined access and utility easement outlined above. Summary of Title Problems for the FGUA that the Fee Owners can Help Resolve 1. The access easement granted pursuant to the instrument recorded at OR 530, PG 922 does not reflect the actual location of the road used to access the plant.The owners could convey a new combined access and utility easement along the actual location of the access driveway,also assuring that the corrected easement would abut the antenna parcel and the water plant parcel. 2. One of the FGUA's contractors installed a pipeline that strayed outside the utility easement into the access easement for a few feet.The owners could replace the faulty access easement with a combined access and utility easement in exchange for all the other title resolutions outlined above. 98 EXHIBIT B _ ..... I ,................ T---- ..,.. i i 1 G0LEDg[q GA,E2 RAT MOCK-L-rser-us.. sts.1• • ' ,, .... ... . .... . ....... .. . ........... .. . .. , ..... ...... ,, . ..... . ,, •., ..: .. , 114 '' ".. -' I I I r " ! I , t . 1 •••.l. • I r 1 ,1 + — --7--:- - r. - rI„ .01'.kr• • - N Ii - ..- . . „ . - P ..... .....,....... tr , . , v . . ' •.' e.* , _ '''• 4 .w !, ''e "."i ' '4.1":I, 101 t ' .Na . ,c,L .4.1t..100grait, t,1 ,,,.. .., 41111101 1 sa,"4.,-d4,0,I‘ .4111 ‘ ' , . \.i itirlit 41011 ' .ft -il ‘ _1.'11—,-,,,_ 11111,*, ,...,..... ..................4 i ‘ i. l'',..111 . Or."°'". \ 14.... .. : . IN II : ‘ ' 1: I ' ' _...ArikaAJIA 1 1 I SCALE .....\•, I Mi ltt:\CA\r..7c2g.o.2 'Eli 1 GAo. = _„m...c..: .........,...._,...... . 1 r AAP.... . _. ir.'a...;k.:r:.1;,,-•,-,`k __,,---- . ; .--- - - .4riiialiongionme, \-9' . , ' -i ....... st I.e•. . •-::;• . 0 •.••.4:.) '* "" ... . }: ,....... '-'4, 2,i.,,,',',,,,k, ,,f,‘,'/,;';,,rg' 'il,if ',//,, ''' ,$''', ,',R,011P/ Mk,' ° "''''•' - ,/ ' ''','' %' •sS„),'';,' 1/7:,/4YeS'"SsSts ',',,s,!sfrs/.7 S, ' l'.'' ' '' ,t s,,,,,,,v sz'is.",' ,- 's,",,,ess"/ .•14 .,,,, ss,,,,,„„i,,s, , , ,, , 9 B EXHIBIT C II:M., a..... -.ate,..:,' , _ a�1 ; ,.� -} . ve : ';a ^^�y.':YQ _ i1^ 14 Wmrus l.a ;aa CJ ; F .,:141 III ..,,_ I I (ice tlI 1 x rt._..._.... t .rs. r R st. I r It L' owe..' '7a -» - I Grp L I .. .. -e «F4 I . 1 1 11 " ; I 1 I 79 tW I+Rr1 6,.1aTeLr jr . w -• ,I. y. y .a., Pi 1104C1 a aa . \c,,,„,„\--.4., 1 z' f ��_ n- `` til 1 ,•. I • ./ • .� • � �3? �dt'; • it i6 I 1 1 1�`,; ....--- ; . etc.. 1;S.s ---gsvc- .0 j'- Jo0 Q ..o M': �.jii.� r �x_ 98 EXHIBIT D Rader sod Associate. GOLDEN GATE FLAT., Miami,Florida Unit 1 A WEICANSION OF PORTIONS OF SECTIONS 22.I 27 TWP4SS.1:161.2‘E. COLLIER COUNTY,FLORIDA, '-'"A"'"`—`"""" .SlecOv= '1.:;:,,.`7:,:':',''','7Y."`"`-'4:2:1•Y‘F,!'4,e...-:`,T.I.: Ir'`,..'. kf',,,'W,',1f,li:l_I'3'2il:A,I.3,5,.T`;,,•':','1,:,;-.';',..1:..,:r., R,V,ET ' -12f414":.:4-,..-:,-.'...:-:.,-,,,,i,--:,,--.."-e...,'7,-,-. :,•....:.2,--.-4.,-,',---.' r:Z=V-'.r-Z„•:,-117:7:,..li::IFS.4::dralr.°4-41 ':.-..4,,,:',,7:...:,-„,-,,t.,33.,z4..:-',•-•'.-A--.114'.' , ''''', 1 II -44......404.4‘,4e....-44.4.4,,..., •. " ,ta.t..?01 WIC L.134ILI4i,v,7,,,,, "7rra.“<1.*;,'1.`•7..7, -•,a,..., . .. Ilr'''Ist-- --.:`,:Tra4;..‘' •"'''' ii — .,:------;7-,, !.:--- -"--------------------. re-lisfeCes - It.1,.J tar;"*Taity cam; . .. ..... Mtn 1 Of ,....., , --. R'der mnd klinc61" GOLDEN GATE E'---c--- ' ' Miami,Florida .."-'... Unit 1. 1; ig,1 8 z' p; 1— - __Li*'kr__-_—_ ............--__-......g... -331,43,41, 1........ -omi------ror -9Ilar --- 10 .' .--' . .. : • , I, .) - o. „ie..- : 1 • : 7 , ,-- • : — :: - • • ? . . . : . I : -Aefr; 1 '4" li I " • • ...1-....... - - GAT& I t I N I-1 t I a ---i\H-iii . 1 i A I 1 .!1 * • . . — I I I I. a / • a 1111 1 1 .1. 1 ifr 1, ,. r...t. --, I 111/118' / A , _ k - ......... txp.... . SKIT t tY 3 9 B lb If ii GOLDEN GATE 3 c Rader and Meadow PLAT BOOK-1_PAGE./.&-. : I f Miami,Plorlda _.— ...I_, -----z--......-- x 3 't Unit 1 , i J'} Ii` SNI !j! -------y=---�lI 1e3 L.�.1 L y'I" C) I 7j I, a—A�. IrII® � .14:3!,immiggummin L , I k k s ,, 1 _---_,.ri44rs—'g...+.a t k t a icm._._—+1Pi ----<arrasv*srar-— k f �k . a r • 0 TRACT'A` t 'f TRSGrI o $IJ1 t - a } • aT t I ; - h.d.,�...4 � .� 2i I 4 l E L �aaT s Of a Haderand A.aooiaaa GOLDEN GATE PLATe00N_.Lpear.Aa— Hind,Florida --' Unit 1 VOW op NI r... 1 ..., . ..... ' l .. . . f ,1 i ir —s*•— ' , I . . . . i il j I .._ .:a _T , ' O I 1 '; 13 ., WPM, F :''):11H.L.Qy....j. I . I • • I . 1 * /.• .4i'�� s i -tLLIn_ .. 1 '.- Y4. I •Iirr•. K[T 4 a$ 9 B Rader and &unlitea GOLDEN GATE -aT®°°K�tAG"d Miami,florid' — Unit 1 —.. .I. Ir . , a • S t . iy • as • a1 P .•.., ,_ i r .1 r �1 t_�I r • t t 111: • C13. • " i wIw t. fR .!'� N . I . . .... , 1 r. . It- . ll - � _� Put . t ar'y� r• t t _4 • 11 . 111 • 1 t ; o .o. ..� , ,: .., . ._ . _ a _ *UT a p a 98 .. ..._ . . . . _ . .... . . .._ .. .. _______.,„...,.„ . ,.. . ., 126692 ),,,. I . { ,[r2.71.h1410 elliarrant' peel • 1 ThIa lndanlure,hada tUb Lath day of Augu•t ,A.D,II IR o Between GULP AMERICIUI LAND CORPORATION, a Plorlds corporation, • .,. party of the not Pari And GOLDEN GAIL 10, INC., a Florida oorpo-■tion, 1. patty •1 the errand pad. • what pari take defer ha Gulden Gets Estates, Peplos, Florida. ' tVitneo.,th, Tho the um rad y of the first port.far and in er••h!•,orlon of the arm • of TEN 1tOt.6ARS AND 0TI1511 \'ALC'ADLe7 CCCSIPFII.\TIOSS to it In hand I, paid hr the party of the,rcond meet,the tecrtpt whereof la hereby acknowledged, 1 hat Rotted,ha gained nod mold to the said part y of she acre.'part. % s1 1 to auee0aaorsnd n..opaa, 'erten'. the follotelnr demented land.dime.lyter sal be. lay In the County of Collier and Slate of Florida,[well: II BEGINNING •t the Northeeet corner of clock 1, GOLOEN GATE, t `- UNIT I, at recorded in Plat look S, pace 61, el the Public • y• Records of Collier County, Florida: thence alonq the Seat 1• �•'N lina of maid Slott 1, South 410 fest; thane. Nast, 110 foe!! • E 1 thence North, 75 feet' thence Neat, 170 feat' thence South I . - TS (tett thence West 140 feet to the Want line of amid 1 • Slott 1' thence along the Nott Line of maid Block 1, 'r:a North 460 feet to the South line of Golden Gate Perk-way, 's' (•, thence slang the South line of Golden Gate Parkway Pont, ' X?{ ,, etuf 650 feet to the Place of leginnlag, being part of Block 1 of •aid GOLDEN GATE, UNIT 1. r,:it 1:.1.....,..:yt.fyrel'.• --..."-•:.1'..•.„1.•;. . ^ And the acid pari of the not port dee. hrrehy folly warrant this to aatd Tend;ioG warrant ''' • .III defend the oaue 1(611d.tb0 lawful deltas of all Peron whomseerrr,In Wen.w Whereof the said pad y of tke Oral part hit caused these pitU ottsrts i be stoned in its Pace by its duly mat erliad offieer, and:it►,carparpts 1 _ • 4 j ■mai to De attLcsd, the day mad year .Doom written. i v'% /51y:Jnod,salad and sariircrcd 1a t w,e pe... dor ...... t_e7-; r {C r#GLY�It/' GULP AMERICAN LAND • _ / ��`� CO RPOItATItNd ,.ls:.li ,I "r'-'1' 'ult6 TCAsid0 .'I} 31.1.•f FLORIDA .iiia,.,.ew.n•. •w, .. cr r eou.e.aouwrr 0.0.0.kC.01.11•I DAD! wy..al 0.Ken ea...'team.ern I Ho,chr Cenil7 tWt on tilt day pertenally .;peered htfera me. an edfkrr dolt so- thoderd to admtnlotcr oath,and take anknewlydt;ntnrnu, W. U. GAMINE, JR., Ii • - Vice President og GULF ANENICAJI LVID CORPORATION, a Florida perp– ! i oration to me*fell iceman to be the pis draertbed In and rho excreted the foregoing deed. ' and acknowledged before twit that he executed the aim.freelr and euluutnrlly Ior the i ►arpnr therein erprra.cd ti such officor duly authorized end off >Led..,'.-1.•,j thereto the corporate seal.!L , Witneu my herd and coal tits f_ da ad Q,-,--7.-...-x"- ,a D i0 IfJ. •::a My eeminieeion empires: Gia• L.I+ •••' . +• MOM r nitr1ic rartdnoet,.el UR( Notary Pahlk (Seteryv .«.,r r..E.:....._'U(W o!PtCts 07 fet5Old,VISA.MMOWN•ed NIGd0OLI I .... I 1t ;a, aaacw wiemna wee.e.,tarn•. • .j }- --.0- - `i i " 98 ..... ___ ,_„„........... ....__ _.: r4 Wet sad sisassisiss GoLEas3 GI\1,a laid.ildtlis '-' PLAT 61)0N-i-PAGT.-;11;.+1 A 0=NOM e Penes a,emus eftriemedlicce.CORM avartnamok ...,:rz:•.:::-;:=•,-...7.=.,:..-..•:•,:.•:=4•2•44::::•.?.:7.,-...i.:7L-.:zi.:F-=-7.-... 17,--------...---: :..7.7::.-.7.,•.-;...---•?,:-.•.t•'--.t.--•=;:17.:::•Ls.:::Fi..:::...7:.!- -7.:.--............:=—...t.zz,...L.:...=,-,_ 1 =•.***"''••=-::*--•:•:i-***.•Li'..=•:::::::-..T.:::::-.:F..:::::;-^z---,=.,-..=..vi..,:p:,.-.1.7.=.47.7-,:-.7.z-tvz.z......1.....,- F.4;17•1:7:7.77.:;-•;.7.-::.;-.4::,-.:,:,....7z-.=r ... . 4 .42 .i...: -4:-,. .1:„....e -.,..7,I.z...*„.z..,„==, .i.,..7.7,;;;.-:::-.....••::-,-;.7.?,..-r.:izr.....-.1::.1.11.•.=.,•;.•"--- ... ...‘,........... ....._, ,--..".:......t.":::"Tt:..T.‘.t''.:1.:-..1T-1.7-:="4.=.:....., „...3.4•Zalrike::Air,r4==,.....-.....=..77.10% 1..,-ax.-cr.e••••••----— - ••••- ......-. * 'r:".--2:':"-1.7.%"(4.44:.__ ...... --ssratEitl. ..":: gro,.%-r.4.11*-7-t,:-.•-:-..-.7. . .: , v=17-'7-7..i.S7-...-.." ..-.-.1"--•,L.r.^.=.T..-r.r.a r ....,... ."."4,1.,:jr35. itte.1.:....',..-z,--.......1,-...:.......... • ........... ....,.....e.................4.n..... . ' ............ay.. ,......'44.:,=:.... ..............*•"` -....ssists.tort...,. - _ -..' i --......At 2:2'7:7T....i'7..',..:-.'-.7,7:Zir'44... .7: i 0 o_ - E.Es...- - -:OA.. srk , j".. , ---,, riA..'".•- I 4:::.":.^7•';-"" v ..,' i ... ; .:. '...,•• 11 -1'A....i. " - ''." ti27-. ,....7"7T7...."-i.17 .1."..74e.0....2" _, 'Lt7,74,p0;.1....... i "..*".: ....7 . t Ailiss4:::";•••;,i; '' ... .-i-x.r.r..«.--14..d....2.,cr... _,.. .. - I =Loamy stidr s r rust .7.1*.nr.4-1.vs... OM I 1///A i I r.....!...' - ....,_ . -— -•-•_ , ...__..!.., • . Alder NW Asyssistes Gorogiq GI,142 p,..,,,exe-1....sort..delt . Must.Florid. '..."..C1121.t 0 Pert 2-- 44 11 , " , 1 .........Azt, .. i - 1*. %• I i I I \%' . %t . 1 ! *Tti• •. i .i• ':O. • 11 1 ...... . 7 1 1 i . . 1 I 1 I 1 1 98 1 1. _______ ...... __L. ...,edge. b- GG©LD3iti Glan eta?soat1..ea.44.. N -.-Unit 0 Part 2 .......__ ----.._ I I 3r • 8 -fi. 1 , k — I it 7'W" • - ..,.y.--L..`- :'..i:'" 1Z1 ..n.1...r.!N, f.•.).Orr to W.efs N RAJ•.,'A*, M-....e • .1, • . N vol. . ,„..Ilri OM.. .. brei pr. ___ -- - ..... ----.- ---.; - °� M.N. GCLID 3 Gki i3 .......1...........1..........1.......- • , , ' ...la*c Port --:�:ri� 1Ik l l N. 1 `M A I.f .a ,...k. y. \GG�l I • • ..: ..r te • \a ,-cr IIr.•3 I b • a 0, GII )1•• M4 �3a = 44_ -- i - • 98 _Jr._ _ _____ ..... i ......„... GOLB2U ar,.T.11 ---- 1 ; 2 -- ........ ,-T!...,i-.,•?-.-.:,•••-•••. 1 r•,..-. 1,..r.L.7-1.:,••vg--- •--- I , L • • I 1 : 11:l' , ... _,,,, t• 1...; , „..----1,--7.....••.. , — I 1 1 ' j I 1 I : 1 1 J......---............-.......... .... .... ...... ......''' — I ! .... ! I lb tita Ala:41:1U OL13R GLIM PLAY saceemic_ia. I i 1 : al 1 ''''-Unit @ ?oft 2 — 1 ..............-.,. , ...... ... .... . ... 1. .1,11..1..0.e sit / aarl E N i 1 1 i I 14 A t 1 1 ,sepirren7 , .,. A',,,-- • . , 1 . ......,t :Oile.ti,....e,tr...el i.,. '44 .,,.i.,...•••e."ig••••kr Piek. KO.,as.*.* * i C...f.-• „ • *I/. I 1 . _.2.--...-w A . -,,,,,---r' . '•oi: •1 , . FA ,, 1 • :1 • ,,7 Alif ,,•. I 1 , \' , • ' •I 4. ..t" r" • 1'. ,- . I 1 WV•1111,• . E .... .. ._.._r 1 1 9 B %. , .......%. i;t .,„% • . ✓ 312102 1, 530 ai`31fi '' ''' WARRANTY DEED THIS INDENTURE, Made, this 8th day of January, A.D. 1973 BETWEEN GAC PROPERTIES INC, a Florida corporation existing under the laws of the State of Florida, having its principal place of business in the County of Dada and State of Florida ' and cOLDEN GATE GOLF AND COUNTRY CLUB, INC, a korida corporation . existing under the lows of the State of Florida, having its principal place of business in the County of Collier and State of Florida, and lawfully authorizod to transact business in the Stets of rlorida, parties of the first part, and GAC UTILITIES INC., past nrr4ro nos ASN;. Case Coral. Florida 33004 • a corporation existing under tiie laws of the State of rlorida, having its principal place of business in the County of Leo _ and State of Florida, and lawfully authorized to transact business in the State of rloridn, party of the second part, t:IT:;CSSDTII; That the said parties of the first part, for and in considoration of the sun of SIXTY FIVE HUNDRED (66,500) DOLLARS to it in hand paid by the said party of the • second part, the roctipt whereof is hereby acknowledged, has granted, bargained and .;old to the said party of the second I part, its eucceesore and assigns forever, the following described land eituato, lying and being in the County of Collier and State of Florida, to-wit: FEE SIY.PLE TITLE TO TUE FOLLOWING REAL ESTATE • A parcel of land in Collier County, Florida, more particularly described as follows and being a part of the Plat of Tract A . of Golden Gate Unit 8, Part 2, as recorded in Plat nook 9 at Page 111 of the Public Records of Collier County, Florida, more 1,, -- • particularly described as follows: - Commencing at the Northwest corner of Tract A, thence . running South a distance of 649.27 feet along the West boundary of said Tract Al thence running East 338.31 feet to a point, paid point being also described as the Point of Beginning; thence run North 89. 54' 21" East, a distance of 333.15 feet to a point; thence run - ;forth 0. 09' 03^ East, a distance of 75.04 feat to a point: thence run North 47. 07' 42' Neat, a distance of 196.55 feat to a point; thanes run South 89. 44' 56' Nest, a distance of 184.50 feet to a point; thence run South 50. 09' 46• West, a distance of 14.20 feat to a point, thence run South 11° 04' 09" Want, a distance of 113.36 feet to a point; thence run South 3. 45' 30" West, a distance of 183.92 feet to the Point of Beginning. .i iC-r ,,.,1: war. i •<. ,,,, 98 . . , . . . . • . " .. 530 �Mi917 .. 1 UTILITY EASEtSEttT 'li 5.: L An easement for utility lines ]0 feet in width being IS t ' ! gfee t equally on ead, side of the center line thereof, more particularly i described as fellows, Said line conuuencing at the Northeast corner of Tract B of Unit 1 of Golden Gate Subdivision, recorded in Plat Book 5 at Pegn 61 of the Public Records of Collier County, Florida, and thence running West 98.15 I feet to the Point of Beginning and the center line of . the easesent herein described; thence run South ' 0 0' 02' 44" East for a distance of 1029.80 feet to a point; said point being the Southerly termination of . the easement herein described. • . UTILITY EASEISENT An easement for utility linos located in Tract A of Golden Gate • Unit 8, Part 2, accordinn to the Plat thereof, recorded in Plat Bco'i, 9 at Page 111 of the Public Records of Ccllior County, Florida,; more particularly described as follows: A strip of land 30 feet in width, beinc 15 feet equally on each aide of the center lino tr,oreof, and such ease- pent cornencino at the Soutneast corner of Lot 14, Block 261 of said Unit 8, Part 2 of Golden Gate Subdivision; - and thence running, South 84" 19' 21' East along said . . case-ant. cantor l:nc for a distanca of 318.51 feet to ___ the point of Easterly termination of said 30 foot ease- ment heretofore described. IN WITNESS tlisRLOF, the said parties of the first part have caused these presents to be signed in its name by its proper officers, and its corporate seal to be affixed, attested by its • J Secretary, the day and year above written. gg j, ''.0%C.% gyp ,C. GAC PROPERTIES ;NC. ( ' , .Attarrt:-1� n By �1.. ( +.•'� 7 ' • fd.,. Secretary ' y 1 Vice President 'Signed, sealed and delivered irt.the'presence of us: 'j GOLDEN GATE GOLF & COUNTRY CLUB, INC 'Ptteett ..„,ki 1 r t s . I.. By iI,Ci, ii...,‘1,-.1.,... tt Secreta Vace President Sagned;,sealed and delivered eIr"ect. , 'in the•presence of us, OMom.p, •`j lug ' Kir 30 b u J '73 RAI,a,:cr r.scar, 63' f6D0OtEOIL COM STATE OP YLORIDA, ) CouNTY OF ) 9B • _ . RR p - C• 530ic.88 { I HEREBY CfRTIPY, that on this 8th daY of January, y A.D. 1973 before r me personally appeared Robert L. Weintraub 5 - and Gretchen Nielke , Vice President and Secretary of GAC PROPERTIES INC. and Robert L. Weintraub u:d Gretchen Hielke Vice President and Secretary of GOLDEN GATE GOLF AND COUNTRY CLUB, INC., corporation■ under the laws of the State of Florida, to me known to be the persons who signed the foregoing instrument es such officers and severally acknowledged the execution thereof to be their free act and deed as such officers for the uses and purposes therein mentioned and that they affixed thereto the official seal of said corporation, and that the said instrument is the act and dead of said corporation. WITNESS my hand and official seal at Miami in the County of Dade and State of Florida the day ,_ and year last aforesaid. t '. /.. .. ti. ` /Seal) This Instrument Was Prepared Notary Public By: - Robert L. Weintraub .r Attorney At Law ,. .-•.•• •.t�7+ 7 980 Biscayne Boulevard r_«-lr Id«J Gi»I l i�ttst U.tkctAlat "'•••" Florida 33138 SS• 14;1 K11171) ,:s 0 7 i 5�_ u,ui ,I.40 • STATE ae FLOl TELA l pc_uM�N1 ate.• fir eX r�„rn' '„•1 9.5 0 1 • • • r Yw4eovert,wle.a • r tars ,ere*.ser + ;•day-.« .. 4.i ? , , outi:1 ,,.: .. B 312105 53U . 922 GRANT OF EASEMENT 7 j THIS INDENTURE, made and entered into on this , ' -r A day of April, 1973, by and between GOLDEN GATE GOLF AND COUNTRY CLUB, INC., Golden Gate Drive, Golden Gate, Florida and GAC PROPERTIES INC., 7880 Biscayne Boulevard, Miami, Florida, hereinafter called "Grantors"; and GAC UTILITIES INC., 825 South Bayshore Drive, Miami, Florida, hereinafter called "Grantee". Grantors being owners of the premises described below, in consideration of the payment of Ten ($10.00) Dollars and other good and valuable consideratlor the adequacy and receipt of which is hereby eoknowledged,grant,give and convey to GAC UTILITIES INC., ite licensees, agents, succeeaore, and asaigns an easement for road purposes on the property hereinafter described as follows: A 3D' easement in Golden Gate Subdivision, Unit 1, Plat Book 3, Page 61 and Unit 8, Part 2, Plat Book 9, Page 107A, more fully described as that part from a point at the Northeast corner of Lot 27, Block 261 Golden Gate Unit #8, Part 2 as shown on a Plat recorded among the land Records of Collier County, Florida in Flat Book 9, Page 111, said point being on the South right of way line of Golden Gate Parkway as shown on said Plat, :hence run along the said South right of way line East 282.20 feet for a POINT OF BEGINNING and running thence from said POINT OF BEGINNING, along the center-line of a 30 foot road easement now described the following courses and distances.. S 46° 37. 06" E, 40.81 rear, thence along the arc of a curve to the right, whose radius in 209.00 feet (chord bearing 9 20° 42' 57" E 112.60 feet) an arc distance of 189.97 feet, thence S 0 16' 49° W 89.94 feet, thence along the arc of a curve to the right whose radius is 423.47 feet (chord bearing 5 8° 01' 27" W 11.4_22 feet) an arc distance of 114.47 feet, thence S 12° 11' 29" W 120.23 feet, thence along the arc of a curve to the left, whose radius is 329.55 feet (chord bearing S D° 20' 58" E 142.68 feet) an arc distance of '53,83 feet, thence S 12° 54' 55" E 99.68 feet, thence along the arc of a curve to the righl' whose radius is 562.88 feet (chord bearing & 1 10' 33" E 229.05 feet) an arc distance of 230.66 feet, thence S 12° 51' 43n w 149.59 feet, thence along the arc of a curve to the left, whose radius is 416.87 feet (chord bearing S 4° 12' 42" W 125.41 feet) an arc distance of 125,89 feet, thence .long the arc of a curve to the left, whose radius is 51.00 feet (chord bearing S 47° 57' 33" E 70.24 feet) an arc distance of 77.48 feet thence N B80 31' 15" E 38.55 feet, thence along the arc of a curve to the left whose radius is 168.00 feat (chord be.ari:ng N 778 01' 42" E 74.92 feet) en arc distance of 70.42 feet, thence along the arc of a .TM„Inn,00war Wa,Prmwied Br curve to the left, whose radius is 61.26 feet (chord bearing N 43 36' 09" E 45.02 feel) an are Robert L Wcin,aub dietence of 4G.26 feet to the POINT OF ENDING. Arming At Law 7880 Bicray-nc Boulevard Finrid+ 33138 9B d;, 530 Im923 To have and to hold said easement of right of way hereby granted unto Grantee. IN WITNESS WHEREOF, the undersigned have signed end sealed this Agreement on the 30th day of April, 1973. • ,; GOLDEN GATE GOLF AND COUNTRY CLUB, INC. CORPORATE SEAL hi AR,''4t• 611.A. GAC :'ROP�R1TES INC. CORPOWL°SEAL -STATE OF FLORIDA, ) ) ''COUNTY OF DADE I HEREBY CERTIFY that on this day, before me, an officer duly authorized in the State aforesaid and in the County aforesaid to take acknowledgments, personally appeared Rohe rt L. Weintraub and Robert L. Weintraub to tee known to be the persons described in and who executed the foregoing instrument and they acknowledged before me that they executed the same. WITNESS my hand and official seal In the County and State last aforesaid this 30th day of April A.D. 1973. Notary P11111c 50flxl tr ,...:., ^r• `• "73 i Romn01i!ze4.aau • 6Calta:'tOotINwlFAs BC.:Ra d FLORI A .�7 titX8= Chi Kar 30 I y '13 ' alrr. mind o.e. 0 O.5 51 t k: *..: I.-ton _. 'imp* cats "LCSr); •'°CbIT COURY C.ILCILR C0ONTY.FLOR103 STATE OF FLCRIDA1 DOCUMENTARY STAMP TAX I ' c UFr.of ALVt( L 1J ..r = n=NAT1011 ~ _0a O 05s 1.004 I.0401 1a011 ma!/ 14 Cduu.0.0Y,4,.0% .* 011340f 1.,<Aft O0 M q8 • , ---• '-'p'• .0.'"*"... - . • \\......, , • . .n•Srl., !fn.,, ----- 4- . ,\-4-• ---• N'oAsi‘., __..- -. `t:o!4\•,, •,/,,.,'‘N 1.• c;teLo. • ae vsiNse, v,k '0.00. cl,, ,.• ,, vt 0. J co rt. op 8:t.• '. ,cs „,0 .x'• ,te4,..\ry,, o ,,,,, •''''23 C' v A<%, O. • .cfP 1 1 1 i tr•1 J l'Z'trrt t e:9• I...„1 '') ., I c> .- -"•r" t 1 It:t <; .,„.4 :L,`,..- . \ - ,...• -, :-_,., .- ,.. .,---,, ,- •,,,,v..' . tali '•P'•7;1/2i/. -.- I"rcfi1tI b ' I ",' -051,-43: 's cl, 1:4?„S. R:S•._%V‘Ii.rc's,‘ - :-'C'CL. (" ,- ..:7(",41-ii--`11*A---47‘!;:::p isi.silt,.. --. ;-•Yls,s-el o • .00 " .+0,41S4V. to*•{0.",..\ \....%,., 6 z . ,• ik .41. ., ,,,‘"" SI \,,t% • to Et .....t,. ,:z1,`' :1:1 '"4- 0_,.0 i IP i • S.1,le, 2)+4 'r. , 2.,'•,\au,:i s ..,...11•c, Tilst.'' ea' - o. '2'11,-;-1:farro''''' ''.-‘i IP.... 73 r (t. ,,y ,..,.-'• tl In-04 t1/4\ I ...z 1 112,\ !; 0 VI ,t, 4 . 5-4 a• " 1 ill k ,. ci. f.- ...: . • 0, . i '*". : (.1fai tA.1, Jk‘'.4./7 °jell^ rl'AOIC 574 : ' —•1 74-4 / I 1' 4,,,,1 1 / WA 0- • —- . Ili I 1 trt i'-F1ft; rct ..... ..-e. 2. •,..., , ":.‘1.., Ael"9- ', / , "k'r. ). 11)...' 44 • t,...4 Q V r..f‘-'%.. • I. iyi'l 4 4 ., ..1 ff.- 2' iy,,,,,i ics --, *tx4 si, f1;.:1 ,..-,..„-t i -4,,, -":".174 g / j------ 4- t ....4 , ...;.7.....s.4.-iz...............7; ." jil 11.6.C1* 4, .• r 610. et.i. 2. •;II,r B. _,---- • W. .'"1'1 7:1 sp51 t el* Lno.• s,•-•• • o ecAl it, 00 A,. c.C1 rft 5 1. ‘ • 1 t 0 0 s s 1 0 0 ""n • -s. 0. •.0 CP r• ,?“10, • I, „ '\'es,./^ 11“-• „ , •Lo, % s c) --k.V .•s A -- 0‘ 9SOSY-? N R ‘4 NN( 5 98 r.ETURM HOMEOV.147n5 t.sn "1'77 9 B ._.. , , : . . .., .. . . . _,_:, ,, •._ ,, i s:.1 .....r' ,•.�.._. 316tt46 kno4 e•9 roe...av, 1 _. .,..,• , ., --•• Ili; arrnnfu l7t rrb lit', 535 t, . 353 • This n lrniurr, Afootr,this 1Hth d.,.f ,lure doll /971. • — NFT1rf;AA GOLDEN CAFE GOLF it COl'NTR t'L170. .•mrpr..rb.r rslnbrp.n..,she Min of the Si.tr of Flo;Id' ,/anoints its pinriprt pler..f h.sbrro in tAr(Lwot,.of (*Oils or wad 9..tr of Florida , j" # and larf.th •othwi:..l to stows•, bwi•r.. i. for Sias.of Fbr.d., purr of the fess part. .t.1 A CULT COA11,II1XICATORS, 1NC•• 1326 Lafayette Street, Cape Corin, Florida 33 0I o mrpvotinn rsnaop.od•.the 4e,of the Stats'of Florida .hn.ioj ii. prb.drl pbe.Of boo...so i.tb.Grwty of Lee ...d St.t.of Florida , t+ o, w(imalaffr.rrbwis.J t•/nut/net bwi•w in dAr State of Fboido,pony of rhr sm..l pet. i'iTYESQATi/. That as' mill p..ry of for Jiro pore.foe sold I. ..wodn.ttnn of sAe 1,1/Pi of t TEN AND NO/10D($10,00i f' so it.o hood pat,/h the said pans'.4 for mood pan.the',rip(e4...rnf o b..rby erhn.rfodp.d. i hos p.00t.d.lwpie d sod dd to she rid party of tb.urond pry.its o.r.wrs now/.sopas(arose,. . ',;. the,foltmrinp droerihrd I.od otoose,mop wt Feiss,in rhr(.'..wtr of Collier ', ..4 Sr.,.of Florida, r, See Exhibit"A", attached hereto and made a part hereof. / , ,. ,;,. Jw ,S 1925 >1{'TT v_ , i 9B . __ .. .354 •.$,.. lit aituris lilltsreof. car wad power.4 the fine•••-s an conned sane PV/V.1.11)0.Ise.101.4 at as"aas.ay its pinyon oliorn.dPItr it II noopence sty(on br.4...4,attested hv 111A$....1'ft 0 e'I.the..y end sr*,td!Inter inoltiert. (;91 D i,-,61-11(4)1.1 , C 01.NIRY I . Attest. it,_ - ,c_.',._,. V1 S j eined.tended attd rielteered in ohs pee-sesue of t... ..• :t:j. . ...-..... -.......... ..-- — -. ,, . .. : ..F • ;', ; "..',.:• faotait of Stortba. 1 . . .. . . Counie or ckatie 3 lirrrbg EtrtIfy. that tth this imth day n1 Junh • • t... • - . A.1) II'73,114.1m V one 1,rxtosatts pp..'d Robert L. W e i n 1 r a ub 1 . mei Viet Preowlewl xaseilic0000nsuacoptacanne,,4 1 GOLDEN GATE GOLF le COUNTRY CLUB1 ,•eorpooncen twonlor the Inns ei 4 n oI..State of Florida .so ono limosa.Os hr ih I'fiVIHM,Wild.J11;.. i ill,h.,..... i gain,thertment ao Itteh nfiteeet ite d seowntle arlowou/orievyl thr etrenttne therrtd 1r.at.thews fete net and li the.ses and in,tpnset therein Inenoinned and that ihri(1/11.1(.11 there.the hat• d sevi nj,,,lot sntonnnotnn,crnol lint she...a i....tra...,-nt,.,IA....,good olerti oojner sorptentrost iftiloroa ,....hand tend 4t serf at Miami on flow if:annoy of Dade ...i.Si.a,•of Florida • . . o he ot•T awl'tear Iasi•Jurradid. (:).7 - j-...) /:. ..., . "''''''"'' ". " ' `-'-'47,: (s.4)..., ... . . - . . ........... . ... 0 ri Stt — ... ..— .'i. et A 0 •i +.+ A 1 -4,lime I r C es . Ic 1 * 0 ..,... , !....i ., ...: 0 Cr' • . F. rit i 98 ....... . .._ • .��538 f,1 355 • _._. 11__11 t 1! i r 1 li . tttllty4'a rj rs/ �./ r`.J1�r. '311 ;�---0011.._. •1011 1w. a ,....ea.,.tr...-41.1.4. t N))Cam.nit.aa,tu..T.a.t P17leq II..t,,Ptt.. 1.00 at.Iola.ra0..a.ab,t 1.3)4.70 Ire,1.M a.4 313.11 7..,4.t.0 M.Mttlw..not a Tr.&'a' .I GIgm 4a 3.441.1 ren.4011 a.Ia.e 3............r•7410 sMI vociolul I0.Plot boot s,Palm,117.111. , , I It 14 P1.4111 41.44..1 toll la 43.33.713/4:}Nat.rite 3,M 11'(41 Y.I4.)4 I.ot t.roes..1043} •4 Nat 11n a a 111..1 cavern,thugs.no A.11.11•I)•C.71.44 fat.arc 4,411.a...•l t+a 11th of Lae.I....thea Am,4..44,1,.Iwt thy Mt.f•(Oros It the 1111 M41.r*1..15 113.11 tett r1 Moto cootsJ anti.t.r•*f•47`.f.a..,.44,.r1a.I 70.11 ler I.tart..b.II.0.r.Ti.11'N'II'L. 4 11.1f 14.7 a tuna•vahts 40 theft*1.0'11'M'1.1111,13 I.r 14 tr1r1 art..le Vol..1.H.44.16.0. __ r,tf hot 1••Ml.ow.,Ill Mrs.I.104'Or 41.Y.14.10 fool N r ..144r. r. f. 4 0 1 II.1•14%of u.Ir/N. C.7 Lomat.; • p • 1411.0 l..4 I[Net.144.I fret r cal rut•f It.4nttrlbar at.eh.r a roll..., - - -- 1.4414 1 r •'Slott a u..3.4 of 111 showy......1 La Star trace,11.1)fat Ira totem, 31 0.r 4.. A n1•.1.4.4.111.11(..e 10.1)r1*13.11 fat Not N.n ',gal... H Tar.al .t..1u•e Tr.'0',11•11 IPat 1,of • 0.14...Na)-_34..111,...4 .. 1 n 0. 145741 10 1.7n.,1004413,Public L•Orlo a0 Co1141 4.147.P1.10or Muga fur 3.la•10'Of'r,r 100.1/Ia,. - 1./runt •rola r ...lII1.).1 41m a.,.a.trllad 13tH n ,)4.3t fool fares 40.44•••••••••••• y 4. id ,. ala*l•344.01far 4.11 u11 III.I4 fill 410 of 145 rYrt4ra t.na.t Trltt"a'.roil I.tat I•of • ' Nll..4,•).+inti.,..r•.,tla to Plat[..h I.1\r 107-Ill.14111 halt.1 Nlletr Cray.rostra lira...I.)1.01'11'1.111.00 Pat. Carl.ta.af4e1 1 a,lr I land 11 Pet.a..4 IM r.r11U.N to en.Cllr 1rrJb,.o l.II..31 A OLo ai•Nt.t w Il..Care Il.of w t W.1..14-04 lin•.1 Ira,r .tar.. crit.4111 p.000 4104 111.11 1..,T+rh al 1'1,41 lea�riot.1l II,'¶,117..-.l• I'1...."t',t.,11n L.t•'...Ot.I.t.., 441 S.I...1.• II..r.+I r .0.011.:1.111..1 Oho IJ111 tasttr of ` 14*,Guar,11.4,.4.al w ort Ie..•+..a, :Ib,g 1. •;•I7 0 ,11 100..,.., . 3.VI.II't1'Y. )1),43 r. o t4 Vol tea.1 44.4 frac'V'PRI I.Cul Ila tt Lae II,01.4.1./.Lott a,Pal 1.C.N, fyt.'c'41.l.ln. 'h. r 4.11:luta.4r sl tl... t.4 4....,,MI• .i,.....el.r.•.t.Nv 1, 14)1...4,II.1134.3. ' " .1 r :.t.• . Ira{I.• .1411,411,••.1 to 41,.sr - tner,t.l 4.•••rev.to 410 .14 of+.n4.7.... . ..1. •' t• ......''''.'":111.14.: wart.i.a�4433.144+r313 ....4 1e41M..r4tsun. .,4..4n[all.710,15+ . ! 001.11(1.I1:I Ii.A. 047 nIh.r[row 111 ` W. ,....nkL .r'-•I.O.r 1 9 El . ...... .......111111.1MalplaiiiillfAleillii . • 344409 it 585 rut 88 t „.4, CO4VEYANGE • DRAINAGE AND POWER LINE EASEASE\TS I •. TIILS INDENTURE nand and entared Into this lot day of November. 1973. by and between Golden Geta Golf and Country Club, Inc.. Grantor and GAG Properties Inc, 7BB0 Biarayns Boulevard, Miami, Florida, Grantee. Grantor, beraby In consideration of ills payment of$10.00, the receipt of f which to hereby acknowledged. grants, gives and convey.to GAG Props.:ter Inc all of it.toteraat, ovnerahip and title to the drainage casements and power line survey�,r.►►and drat ription `. •, - ea asn.eate that It own.al contained and found In theApIaV htch.s attached Aerate i' . u Exhibit i and madspart hereat. which I.located In Collier County. Florida. :.I ' �, IN WITNESS WHEREOF. ills undersigned have signed and sealed this E{ac crab on the date It rat above written, I. tlnrrr: fi'i GOLDEN OATS r+nLF AND COUNTRY t(Corpnrais 6ea1) CLUB, INC. I ¢ t �UsLG .- L t. .C"7.� '� ,L E Secretary Vice President 1 vett'. III°t t[C6.'In!y, .. + 1 v■ettt'.a L.uaYr.rtOe a,, T Ara t I nMt'N t: 7.'L`' ,,'u,,. r — itAAO�,RE7t.3t071 Ott R�f rlvt4ll C�.t f i Initis cWtttRv.rLIat�ta , , STATE OF FLORIDA I -' r COUNTY Or DADE ) a. - I HEREBY CERTIFY that on this day, beinre me. an ofticar duly authd ioris. in the State sforeaeld and in the County aforesaid to take aeknowiadgemanta, personally appeared Charles Duffy, III and Gretchen ktleike Vies President and Secretary raspectivaly t to ma known to ba the parsons daacribad in and who azacuted cit.!ongoing Iatrumsot and they aekeoteledged bstore ma that they azaented the'ame. WITNESS my hand and official seal in this County and Stats last aforaasid viii. /..1 day et ')^10.,..,. J.._ , A.D. 1973. I '!. - Ttlia Instrument res Prepared Q "t, a c"if,i+ ,;,•� 3:. by: 1_� Hrrbcrt L. Fahncr ..otary rI 1k GAC Propertiu Inc. mttur roltc. Ali.i n4 t d 7880 Biscayne Blvd. ` carlamUts teastawettat d rilami, Florida 3313rata lltie B , r 9 8 ......, -- - --- , _ _ .----„-- _:: -_-_,_.......... _.................„.. _______ ____. ....................____ . . : ....... . .• . * . .. . . . . . • 1 ni 585 t 86 ' , EiVrt �' 1SSN� tii• itr1I1111 ^ , 1k° �� +Ilt1 � 4 E Jt{ i; !l` Ili :=!^4 1 1 rs} .• li; : tl ill ill 1 ,7:,,o z : LI [ ! 1114 >�g� � �,, , 5. -•' , ? tf J® '.4.4i,,,,,:4, • 1 i L! iti +f1y� its f+. ," t -- 44I) tom; ; s�o\ of i. `j` l' 47ti tt 1 t L ,, II 1r . . y �p IVO' ?4 lido `��el II i cr If tI 'V ,;1 �j` 1:,• i r, ie , [ 7,"' • :t aFE -yv�SJ 10 '1•• I q ` + ' .'_3: 9 B p.3r .JOHNSON ENGIN.EFFINS. iNC. cNnwtt[as AND LAND etawevone • Oft 585 PACC 87 DESCR1771DS5 APA1SAGE EAS:7:.2778 711800CU GOLDEN GTE GOLT CO1.7.SE AOM COUSIXf GLIM P1OPELII LOCATEL 1S SECT10i 22 6 27, T. 49 S., R. 26 E. COLLIER 011S1Y, 7Lb&IDA Parcels of land to be toed for drainage easesenta, varying in widths, �^ oemlce.ins through property now or fomerly of Geldua Ogre Coll and ae Count„ C1cl, lee. located in Sections 22 4 17, Township 49 South, Saints 26 East, Ceilfer County, Tlerida, the ceatorlina of said rase- 's abuts being 8.8e111e4 4 fel1c"s: trod the oeuthasot Lerner of Lot 12 in Block 172 as thorn on "Plat of Golden Coca, Unit 1, Part 1"am recerdod in flat Book 4 5 at pages 147 through 121 of the public records of Collier 'f County, Florida, ro,a 6B' 04' 16"E for 17.57 feet to the loin: of beginning of Dila of the herein daseribed renttrlince. Pros said Point of begirr,ing run along the centerline of a Dralnar,r Caaetcat 1y4r.: 33 'e-c: oath aide of said ccnterlir.a, Cho fellouing courses and diaronces, 3 00' 02' 04"V for 326.62 fen to Point 1, N 11' 06' 20"V for 163.59 fest to Point 2, N 1' N' 44"E for 560.10 to Point 3, S 21. 33' 44"E for 262,73 fast to Palet 4, N 6' 13' 36"E for 118.19 feet to Paint S, N 19' 47' 16"V for 127.77 feat to Point 6, 71 42' 54' 25"V for 153.02 foot ce Point 7, 5 67' 15' 46"V for 156.55 feet to Point 8, N 50' 40' 32"V for 212.1$ feet to Point 9, N 53' 23' Cl"V for 871.11 tett to Point 10 and N 1' 33' 44"V for 43 feat to the aouthatly ons of the divtatee ilea between tote 40 and 41 es•shown on"Plot of Golden Gate,'Unit 8, Part 2"ea cavorted in Plat look 9 at paps' 107 through 112 of said public rotates and the end of mold centerline. logia at die above condoned Point 7 and too along the tenter. Ions of an asewnt lying 33 feet nosh side of sold centerline a. ' N 31. 04' 31'V for 168.60 feet to Point 15.1 thea** continue �.,. _ e:.�. along a centatltne of an easement lying 19 fent each aide of etc +••+' ••+••%=� follwing doocribed centorlina, N 63' 54' 34"t for 190.24 feat to Point 12,R 00' 03' 34"V joy 234.06 feat to Paint 13, 8 39' 14' 58"V for 163.98 foot to Point 34 and a point of.curvet ehoaee A' - continue clong said enntoriino, alont the ere of a curve to aha , • .2ira.ia`��7.. right having a'radius of 202,17 feat, an arc length oC 131.33 `fWr4.4•"-e'—'"'"' + feet sod a control angle of 37' 13' 26" to s point of tangency •e''"'"' sad Point LSt thence continue along*gid tenteritne 11 2'01' 37"L r�r�".ir roti •" 1"s 9 JOMNBON ENOINEERuell. INC. OUCIIPTIOX4 hralaage aaaeaanu 1a la 585 pia B8. Golden Gate, continued -2- 17/.42 teat co Point l6, N 13' 17' 24"E for 453,32 foot to t _ Point 17, R 75' 47' 35"V for 233.84 feet to Point 13 and I 3B'3.t`4i°`B Net '. 94.03 fast to the northsastarly end of the division llne batveen • Lots 21 and 23, is shorn an the aforesaid plot at Golden Cate Unit 6, Part 2. Begin at the above oontlonad Point U and run along the cantarlioa of an eatement lying 19 teat each aide of sold conrorllne the collaring tourate and distances, X 52' 26' lt"C for 293.06 fast to Point 19, X 31' 06' 14"E for 93.97 fest to Point 30, X 21' 40' 05" E for 326.32 foot to Point 21, N 10' 24' 50" E for • -i. 125.62 fast to Point 22, X 00' OS' 32"C for 3061.41 feet to Point 23, X 11' 27' 44"V for 77.75 tact to 'taint 14,X 13' 28' 44'V foe 226.65 feet to Point 25, X 2' 04' 34" V for 150.30 to Point I6, and X 1' 16' 24"E for 120.03 feet to the one of said tentarlina er the southerly r'ght-of-ray line at holden Cate Parkway lying 37.09 feet, se cultured along sold tourl.arl-+ righr- of-ver line, est of the northeast coml.of Tract 1 ea than on'fiat of Golden Cate, Unit 1, Parr 1"as retarded in Plat look ' - 9 at pagaa 100 through 101 of said public records. + f` Begin at the above mentioned Polar 26 and run along the tenter- line of an eaaaoeat lying 19 (net each side of the fellocing daseribed tcnterline,X 79' 03' V for 21.67 feet to the and of ' s wild conterlis&and the cart line of the aforauid Trott 1,34.73 feat, as oaaaured along acid east line, from the northeast tor- oar of*aid Tract 1, cc shorn on said Plat of Golden Gats, Unit 1, - Past I. .- fres the above tantionad Point 10 ran 5 52' 23' 17"E (or 513.7) fast tt the Point of beginning of the centerline of an'meant lying 1/ feet each side of rho fellouing deoertbod canterllee. Pros gall Feint at Beginning rue 6 36' 36' 13"V few :13.60 fdotl thanes rte S0C'Th for 128 tact os ad northerly and of the division Lino batveen Lots 11 and 11, as show es the eforceHd"Plat of • it 9 v5z� �t�yry,`L:: _ - _ - • 3 ,JC11P190N AN6wEERWG. INC. f fE OCSIX2PTIOSS :Ai Drainage eminent. In ,Il(505 P3tI 89 Sim t`. Golden Cara, continued -3- t,. Gulden Gate, Coit a Part 1". 1 ^R login eta point of the northerly ea of the division lino batveea Lots 35 and 36, as ■holm as the ■toreaaid"Plan of , 7 Golden data, Unit 0, Part 1;'aod run along the cantor/Ina of an esseaaat lying 35 feat each aide of the Iolle:ing boerfbad tontarlina, R 16' 29' 36"1 Lor 70.26 feat to Paint 27, 9 5' * +' 7'•i ; 01' 05" E for 346.03 fait to a point of tune and to the south- - erly and of a concertina of a drafnnte easanent lyieg 23 fear each ride of oho following deicribad trete:li o thence run along the are of a curve to tho left, hiving■ radius of 696.09 fast, an • arc lent th of 101.23 fan t and a mstral angles of 17' 05' 32" co a point of taeganay and Paint 19; chance run slang rho con- e certino of an eesanant lying 33 fiat oath aids of the felloving `y= daacriba4 cootorlir,6, 5 12 04' 27"U for 207.49 feet to Point 53 tad a point of cunt; thenta run along the ore of a curve to the left having a radia of 526.19 tett, an ore length of 120.37 feat and a central angle of 13' 02' 24' to a Feint of tonaency and Tont 31, X 25' 06' 51"37 for 20;.69 foot to Paint 32, X 33' 51' 55"V for 143,19 rant to Point 33, is 40' 08' 35"V for 226.44 feet to Point 34, X 15' 29' 15"it for 33,04 fait to Paint 35, .... K 6'29' 02'1 far i46.42 feet to Point 36, 3 00' 47' 16"u for 91,34 • feat ce Paint 37,K 12' 00' 10"u for 171.94 Leat to Point 30, • 14 9' 36' 50"0 fon 369.91 feet to Point 39,X 9' 25' 03"V for 143.53 feet to Point 40, Y 7' 57' 34"V for 163,71 feat to Po/at 41, 6 7' 31' 17" a for 367,92 Leat to Point 62, 1I 6'63' 48"V for • 212,10 fast to Point 43, X 14' 25' 36"9 for 77.92 foot to Point 46 and It 69' 31' 22"9 for 133.33 foot to rho southerly right- • f. • of-uay line of Coldan Cato Patnatay and the and of said centerline, said point lying 160.24 fere, u nolaurad along said eoathe-ly right-of-vay line, LUIT of the northesatorly torten of Lot 27, Block I01 as ahoom on"Plat of Coldan Gat., E1110 8, Part 2", as recorded is Plat look 9 at peau 107 through Ill. Tr= tlto shwa sant/salad Point 27 run X E 01' 05" E for 116.26 • feat to the Point of beginning of a dtafaago eaaencnt lying 19 loot on oath aide of this follauing dostrlbad contorlina. �. Prost acid Point of 0oginUSnt run 9 57' 06' 6 for 163.48 fact, 0 35' 49' 49" V 420.32 bet and 1 67' 00' k 10.00 (oat to the and of Bald centerline and the northeaitarly and of the divlafao lana ho ween Lotto 6 and 9 In!sloth gar ai choun on eho aforesaid € 1 "'1st of Golden Cate, Unit 4, Tort • • 9 8 x • . _•. _ • . JOHNSON LNOIUEE.11049. U4C. 02505.PT103S Drainage asseunta in IlC 585 9Q Coldea Cate, tontlnutd -b- begin at rhe above eontioned Point 40 and run along the cantor- of an alit:Ant lying 19 teat oath tido of aha fel1ooi0S de- aeHbad t•ntarllne S 57' 09' b9"00 for 172.'5 fiat to a paint of curve; chance ran along Oa arc of o curve to aha loft having a radius of 135.99 fart, no arc ltngth of 151.43 font and• control angle of 66' 46' 94" to a point of tangency; tbonoo run S 16' 24' 33"v for 110,65 feat to the wtetly and of the division ltu betuten Lard& IS and 16 in Ilock 287.as sham on the aforesaid "Plat of Colden Cott, Unit 8, Part 2". Fran chi abort n•ntionad Point 3S run X 6' 29' 02" E for 228.32 loot to the Point al Beginning of a drnlnaga assonant lying 35ton foot an tock aid, of rho !olloving daacribad aenterlina. From raid Point a! 7.tO:nnin0 ram t.72' 13' 09"0 for 219,9E loot to Taint 43, X 72' 13' I3" for 33.39 feat co Point 46, X 49' .. 16' 53"0 for 122.05 foot to Point 47, X 33' 25' 33"2 for 73.65 to Taint 40, X 7' 37' 07"E for 49,05 to Taint 49, X 7. 33' 59"U for 105.12 to Point 50 and a point of curve, chorea run along the arc at a curve to the right having a .time of 109.70 foot for an are length of 105.92 feet and a central anile of 53' 19' 12" to a point of t.:ngcr.cv and Point 51; thence run 147' 25' 13"L for 120.52 feat to Point 52, X 39" 20' 45" L lot 169.10 foot to Point 53,129' 27' 15"L 245.02 foot to Point 54, X 40' 34' 31" E for 49.76 to Point 55; then continua X 58'59' SO" E for 267.17 fort, X 62' 63, 39"E for 114.92 feat, X 27' 07' 20"L for 210.93 foot, X 10' 46' 53"E for 148.16 foot to a paint of cure.; chane run alar5 oho art of a curia to aha right having a . rodius of 211.63 teat for an are length of 305.77 fast having,a central angle at 82' 23' 10" to a point of eaapne7; thence non S 00. 45' 33"E for 137.02 feat and N 00' 57' 39"4 for 175.92 feat to aha southerly right-of-way lino of Collin Con, ?arlvoy and the sod of said renterlino, said'poirt lying'.PST 35 foot of rho northuut corner of said Tract 1, Collen Cate Unit 1, Parr 1. Ei 9B — r e •JOrINBON nN61M0 RDIO. 1r*C. • 1,t585 to 91 Dt$cltPMOXS Drainage Caaettnte in Golden Gota, conttrvad ••3- a aegin at tbo abeva eantlornd Point 55 and rang 00' 12' 39"W • for 59.13 :set along the eantorliue o1 en as/aant lying 20 teat sac$aid&of Enid centetliaa and sating at the southerly and of the division lino 6&a+nen Lots 11 arid 12 in ilaeit 2 as Mom on the aforesaid"plat a-` Golden Gots. Unit 1. Part 2". Malin at the shove nsncionaG Paint 47 and ran along the center- line of ak drainage estenant lying 23 feet each aide of the fel- �'• lor•tng diaeribed centerline, h 117' 16' 03"L far 66.91 feet co • taint 56; Chance ran lt 76' 39' 31"0 for 152.36 foes, X 63' 21' 33"L for 250.69 teat, 5 23' DO' g for 26.10 teat co the and of said cantariias at the narcharly and of the division lino be- Nies Lan S and 9 as 'hewn an cite eforasaid"Plat of Golden Cate, Unit S, Parc 2". • 4. ' Crap the Ahura cautioned Point SE run 76' 39' 31"L for 75.19 feet to the Point o1 Seg-rating of the.eeorarlina at a draiaaaa sssnent lying 20 feet oath side of the following destribsd aoatarliase Fran said Paint of Srgi:aing tun S 23' 00' L for 36.16 lone co the and of said canter/Ina tying at the northerly end of the diriaien line baeveen Lou 4 and S as aha,m on 'Ie aforeninciooed Pit of Golden taco, Unit S, Part 2, 'i . �`—n !19CU3'inr,Rv=- �`A,T E of FLpAt,F. *.•%" u�';7 FLORI A SiLIR TAx_ w OC E 7A'r r�$TAMP 4 C• Err. a /tip^!. • • t� :4.. ,' API•r71 r"V:OQ551» raeut•en ;DO 80,i i -Unca aai JJ -,ink t00/do • • • zq 9B RESERVATIONS OF 41 b lDRAINAGE AND POWER LINE EASEMENTS !ill 585 ,,„„ix 92, 3444t1a THIS INDENTURE made and executed thin let day et November 1973. by GAC Prepertiea tee. 7530 Btecayne Boulevard, Miami. Florida. GAG Properties Inc by Chia tnatrument hereby expressly reserves Ititself, Its assigns or grantees all al Its Internet, ownership and title to the drainage casements and ,o .r line vestment'that It earns ee centatned and found In the survey and deecripden plattwhieh u attached hereto as Exhibit I end trade part hereof. which is touted }- to Collier County, Florida. ' IN WITNESS WHEREOF, the undersigned have signed and sealed thls Easement an the date first obeys written. .,#Cp rpo rate5ei2! GAC PROPERTIES INC ,I if" �• (p / AAA rk.f•itJ,w •.••`A}siAurit Setr ry `"t Vice President ' tC.., " RnCCtitgitui byy .• •.�:► aw 59tttIR."00ar7.fl0t1�5 �f f rtsimrit7 � Am Z 1 STATE OF FLORIDA 1 CMARGa8C7 T.SCOTT idle or 7rrpll MATT • ! Celli; .1Ant,YJt eats, .. i COUNTY OF DADE 1 I HEREBY CERTIFY that on thin day. belore me, an officer duly authorised in the State aforesaid and In the County aforesaid to take acknowledgements. personally appeared Robert L. Weintraub, Vice President end Gretchen Rialke, Mat. Secretary to me known to be the persons described in and who executed the foregoing inetrumeot and they acknowledged before me that they executed the acme. WITNES my band end a(lcial seal In the County and State tact' SYveeld this { day of /7- x2en-/ A•D. 157k/2 Th'y Lvtntrent via Prepared h1: •'v. a um-A' ✓Herbert L. Frhner vet cznµfr„'M!� CAC Properties Inc. Vr yt a "�u. %F to 7880 Olocayne Pled. Ment, Florida 33138 eNt 9 B -.-. - ... -.•w„...•l.4. rS'vaNW.0.iHWRr '•tblkYJf!'1flWw•-:fK+♦ (1`:L -...,--_-- -- ii. - ..f.rE•'. a s ., re4+ wrlpfreminf..M3ir.r1-ic v+,.um:•o,-rr .s. ... • •C iii 585 rat 93 .rw.eon 4r_ - tivq r o • s �� .�t Ew J I it ill di litti ti i,l • ` i;i PsN ' ”. ilf i € , yt I c j 11 0\1 • .ij I9 pas,•L' '41 ..\ • • O' • •:.:., ,......*.iii.-4v,:i---,,,,;• i7.,... it . • 1 t5' N hte �,'• 'i`{ _ 't 11 ".• t 111 • { 1 e s - • '• foot. Gin ►AA4YAt .,. . _ .. s r �� 1 98 .__ _. _ _ .._ . -�._..._._ . ::.M.� ___ . . , , . _.... ._ . , .. , . . .. . . _.., • ., 1 • . . 1 . . , JOHNSON ENGINEERING, INC. CML ENOINCCN AMD LAND lUeVCXOga f VC 585 fncrA 94 DESCAIP71a%i DPAI%oco 0.017 1TS 570WDt'CO • caw CATE COIF COUPSE A.V.071'x701• f3.111 P307E3Tt LOCA7tO IN 100710% 12 1 27, 7. 49 1„ A. 16 E. COLLIER CO13411, Fta1t1DA Patrols of land to be wad far drainage sasamenta, varying in width', meandering through property naw or formerly of Golden Cate Golf and Country Club, Inc. lacata6 in Section. 22 1 27, Township 49 South, Logo 26 Ease, Cellist County, Florida, the tea tarlino of acid ease- Santa he<_ng described as !0110 e Frac Lie on thaeei corner of Lot 22 in Clack 272 as ,horn as • '71ar of Caldan Gtr, Grit 8, Port 1"no recorded in Plat leek 5 at pages 147 through 131 of the public record. of Collier County, Florida, run N 66' 24' 16•'0 for 17.37 teat to the Point of 3eginrin2 of ens at the herein described ctntorlinaa. Pro.sold Point of 2erinning run along the centerline of a rainasa Easorant lying 3% leeL each aide of geld ceetcrlirc, the ' feliwing ceurua and discancee, 21 00" 0S' 04"6 for 336.62 fee: '' to Point 1. N 11' 06' 20"W for 115.59 feat to Point 2, 14 1' 24' z 44s I for 000.10 to Point 3, X 21' 51' 44"0 far 262.73 feat to Point 4,K 6' 13' 56" 0 for 128.19 !cat to Point S. l 19' 47' 26'W tar 127.77 feet to Point 6, 6 42. 34' I6"W for 133.05 feat to Paint 7, S 67' 13' 46"1 for 136.33 feet to Point I, K 50' 40' 32" W for 213.15 feat to Point 9, 1 57' 13' 17"hl for 1 876.56 fest to Point 10 and 0 1' 13' 44"V for 95 foot to the'motherly an! of the division lies batvun Iota 43 and II 41 thorn on "Plat - ' of Ga3dan Cate, Unit I, Part 1"as t.cordad in Plat look 9 at popes 107 through 112 at said public snood' end the and of said tantarline. • login at the above mentioned Paint 7 and run along the canter- lioa of so oaeunt lying 35 feat each side of'aid cantarline N 27'0a' 3I'W for 169,60 fest to Point Ill chance continua along a tantarline at en easement lying 19 font math.aide at the .. following doicribed centerline,N 93' 34' 34" E for 190.24 tact ,. .Y to taint 12, X 00' 07' 34"W for 234,06 teat to Potnr 13, F 39' - r' :::;217i1:27:1%.2.1:1 14' 31"W for 163.96 feet to Point 1a cad a point of curve; theca continue along.aid cenrarlina, along the act of a curve to the ••,r;� right having a radio* of 202.17 feet, an art length et 131,35 t P�,,, feat and a central angle at 37' L3' 26" to a point of tangency .. .s sad Point 15; thane. eooriaua alma add taatariina X 2. 01' 320 4 e 9B •_. �.. �. .�� .a_-tea ___ - .. • . .t,�-.._ _ .. _... - ``-- ""',-.'-Y.r,,�:`„--roe-�:a.•�-dn. .OMNLON ENOWSERWO, INC. afscnlmews Drainage assonants in Coldan Oats, continued -2- q(585 PM 95 474.42 fact to Point 16, 8 13' 37' 24"E for 433.52 foot to Point 17, It 73' 47' 33"V for 253.44 fact to Point II and ? 36'56'41"Liar 94,03 feat to the northeaa early and of the division Line betvaan Lata 21 and 22, as sham on the aforesaid plat of Coldan Cats a LoSt 8, cart 2. '--'-"- begin ac the above nnntianad Point 11 and run along the centarlioa of an am-tenant lying 19 fast each nide of said centarllno the foIlow:ng courage and 21ztarter, M 51' 26' 11"2 for 293.06 feat to Pont 19, 7; 31' 06' 14' 5 for 93.97 (oar to Point 20, • V 21' 40' 06"E for 326.72 last to Point 21, it 10. 24' 50" C for - ... 123.62 tut to Point 22, g 00. 03' 32" t far 2066.61 tent to Point 2), F 11' 77' 46"V far 77.74 feat to Point 24, ii 22. 14' 41"V for 226.67 feet to Point_3, x 2' 04' 54" V for 158,30 to Paint 26, and it l• 16' 24"1 for 130,03 feet to the end of said • cantarline ar chs southerly right-of-way lion of Coldan Cats -' Parkway lying 37.09 filet, as taaaorad Along tela coutaerl" tight- of-way ling, son t of the northeast corer of Tract 1 as utort on'plat of Cold*: Gate, Unit 1, Part 1" as ratardod in Plat lark 9 at pagan 200 through 101 of said public retards, lapin at the above nantioaad Point 26 and run along the center- lin*of an sutaant lying 19 fret oath aide of the following • • lnatrtbtd canterlina, 8 75' 03' W.tar 21.67 featto the end of -- 'aid caotarlina and chs area Lina of the a£areaaid Trace 1,36.73 fast, as measured along a*id tut line, fres the northern car. • oer of said Tract 1, an shown on said Plot of Colder Gate, Ualt 1,tart 1. i.'. • • 1 Frou the above antlonnd Point 10 n-n S 33' 23' 17' E for 313.73 last to the Point of beginainp of Oa tenceclino of so tee-_ant lying 19 feat*ash Aida of the following deeeKbed ceatorilne. Pros sail Point of 141L50105 run 5 36' 36' 43"V for 113.63 foot; ! Mance tvn 601:211 for 125 feat to tba noetbarly end of the dlviaion 1105 b.tviaa Lon 21 and 22, a shown on the aforesaid "Plat of 98 A r • , xU JOHNSON (N61NW7P43, INC. 0E3L11PTLOSl ,�t 585 f, 96 Drainage saomnta In ._.. .. .-,. Ooidan Cato, cantinoad -3- Cold:n ests, Ontt 8, Part 1". beam at a poise ac the no.tbatly and of the division lino Boman Lots l] and 36, ac chosen on the aforesaid"?Int of leldan Cala, Unit 6, Parc 1';end run along the centerline of AU eaaeoeoe lying 35 feet oath Silo of the hallooing described ronterliaa, 3 19 29' 18"E for 70.20 feat ca Point 27, Y 5' 01' 03"E for 346,01 fest ca a point of curve and to the south- all and of a canterltna of t drainage assonant lying 25 feet oath aids of the follovina described eenterl:sae.thence run along the arc of a curve to the left, having a radius of 698.09 feet, an are langth of 206.21 lest and a antral sail&of 17' 03' 32" to a point of teegsacy and Point 24; Chance run along the cso- toriine of an eaaenent lying 35 feet each side of Cho (allarine - o dueribad ccote:lino,II 12' 04' 27"V for 207.44 feet to Point 10 and a point of tuna; chance rut attest the are of a curve to the left having a taloa of 328.89 foie, so arc lan;th of 120.27 fat and a central angle of 13' 01' 24" to a point of animal and Paint 31, 3 23' 06' SI"N for 187.69 foot to Point 32. a 33' • 51' 55"V for 144,64 feat to Point 31,4 40' 06' 35"W for 226.44 fact to Point 34, 3 23' 29' 1.5"W for 53.04 fat to Peine 35, H 6'29' OZ'E for 149.42 feet to Point 36, 3 00' 47' 46"c for 91,14 1.; fast to Point.17,94 12' 04' 20"'1 for 171.94 feat to Point 18, 44 9' 36' 50" E for 169,91 fast to Point 39, 3 9' 25' 05"C fur 143.11 feet to Poinr 40, 31 7' 37' 34"V for 163,71 fat to Point 41, W 7' 51' 12" E for 167.97 fat to Feint 42, R 1'45' 41"C for 112.90 fact to Point 41, W ]P 25' 36"V for 77.92 foot to Point 44 and A 69. 19' 13"W for 133.33 feat to the soctherly tight- ofwep ling of Galdan Cate Parkvay and the end of aid teatarllne, said point lying I60.24 feet, ca aaaaured along said sourherly right-of-way line, EAST of the oorthwoerly corner of Lot 27, Block 281 to above on"Plat of Goldap Cato, Unit 6, ?art 2', cc recorded in Plat Book 9 se papa 107 through 111. from the above condoned Point 27 nos 9 5' 01' 05"E for 176.26 foot to the Point of Beginning of a drainage aaaoxnt lying 19 *� fast on Saih aide of the following deoeribod toocurhLna. Yea aid Point of orglnning ton N 37' 06' 0 for 143.66 foot, 8 25' 69' 49"W 420.22 foot and 9 67' 00'W 12.00 fat to the end of said centerline and the nortbeno terly and of the division lira botvoen Lets B cud 9 in Hoek 280 as oboe on the aforesaid "Plat of Cellan Cate, Unit 1, Part 2". P uso 9B • _ • . •••••• • • . • • ...___ . • . • j MoN�N PNO1141LR*N3. WC ° i _ tai 585 rut 97 • DTSGIIPTL0.rs Dratnaga eealnanta in Golden Cate, cootluutd -4- begin at the above tantionad Point 40 and run along the cantor- . lino of it eatsaent lying 19 foot oath alto of tho following,4e.. scribed eentarlina S 63' 09' 49"S for 172.1E feet to a point of curve; thane& run aloes the are of a curve to rho lift having a radlua of 135.99 feat, an ace length of 158.43 foot and a central eagle of 66' 44' 54" to a point of tangaocy; thence. run 8 16' 14' 55"$1 for 118.85 teat to chs easterly and of the division line barytes,Lou 15 and 16 in Block 263 u sham on the afnruaid I` "71st of•Goldtn Cate, Unit 8, Pare 2". 4r Troll the &bova nentiontd Polot 33 run if 6' 24' 02" 2 for 278.32 . '. feet to the Paint of beginning of a drainage oast:eat lying 33 foot anlar}aide of the fcllcaing described centet)inc. Fano said Paint of Engin:tins run N 12' 17' e.9"E for 219.90 fiat to Point 41, N 72' 13' 13" b for 32.59 feet to Point 46, 21 49' 16' 33" E for 122.03 facet co Point 47, 8 33' 21' 53"'a far 73.65 t� to retnt 48, X 7' 37' 07"2 far 49,05 to Taint 49, 2 7' 51' 39"41 for 103.12 to Point 50 old a noent of curve; choke run along tho arc of a curve to the ri,ht having a rndlur at 109,70 feet • fel an are length of 103.92 feet and a central engla of 55. 19' 12" to a pint of t.:rl;ency sod point 51; thioca run 1 47' 23' 13" 2 for 122.52 feat to Poll,: 52,X 29. 28' 85' E fat 169.20 .. feat to Point 53, N 24' 27' 25"E 245,02 fast to point 54, 21 40' 36' 31"L for 49.78 to Point 55; thence continua N 19'59' S9"E far 267,17 (alit, ie 62' 15, 59" E tar I14.92 fact, :1 27' 09' 20"8 for 220.45 foot,X 10' 46' 35"2 for 148,16 feet to a point of curse; thoncc run along ibe arc of a tures to the tight having a ` radius of 212.65 feat for ac arc length of 305.77 foot having a central angle of 82' 23' 10" to a puiat at tan0caty; hjace run 5 06' 44' 53"L for 137.02 foot and A 00' 57' 19" 0.or 175,92 (tet to the southerly right-of-vay lino of Golden Case Parkvay and the god of said eer.carllne, aald'poiot lying NEST 51 fest of the oorthveat earner of add Tract 1, Golden Cote Untt 1, Part 1, Y° a Iaa 9B iNVVIA-_-•-••_,g• xtxN3O41 ENGIN[URNG. VA 585 nu 98 DLSCRI?SIO%S Drainage easements in Caideo Cats, tontine! -3- Begin at the above mentioned Point 33 end not X 00' 12' 39" 6 for 59.1) feet slang the cantarline of an casaen: lying 20 fast each side of said centerline and ending at the southerly end of the division '-int bntvea:t Lots 11 and 12 in Block 2 ii ehovn or, the aforcanld Plot of Bolden Gran. tole 1, Part ". Regia at the 'love oaotionad Point 47 and run along the center- ' line of a drainage 4444 rant lying 23 feet each side of the fol- , loving detcribed centerline, K 87' 16' 03" L far 66.91 feat to Point 56; thence nn 16 76' 39' 31"2 for 132.36 feet, X 65" 24' " - 33"L for 230.69 haat, 3 23' 00' t far 26.10 feat to Oho end of said centerline ar the northerly end of the division line ha- wean Lore 8 end 9 as thoun or It. aforesaid"Plat of Golden 7 I Geta, Unit 8, Part 2". ' I Tree the above .antiootd Paint 36 run X 76' 19' 31"L far 73.19 feet to the Point of beginning of ths tenrsrline of a drainage eseesent lying 20 feat Goth ,ide of the 'allotting described centerline. • Pram said Paint of Beginning tun 3 23' 00' 1 far 36.16 feet to the and of said centerline lying at the northerly and of the division lint hernaan Lon 8 ane 3 as than an ,he aforementioned Plat of Golden Gan, Unit., Part 2. DDCUN,EhrrA,VY� ATE o� FLOR10, � ( I a SUR T �$ pOT�VMENi�7 ST MP TA '1 F w �� ' FLOR _ ". Gert a, err"u[ fir, ih•r+t to 0QS5 "� —ae9Ye•nt :jL ):oQaa,.i' Y , •y wren— _ amu = •-. 4' '. • CSR 908/da • SS _ 1 N et1Y.w.ry,.a+o. • • r ° /r+._y� as a' +?. • t+ ' •r'° ' moi` 3`a�Y y�0x 9 8 . . . _ . .. . , 3.1.3;3 .J inRR1V1'VI' {� r' �(� ..,:RR,':1". 11,1:1 ;:. ...S 0 r1'• 1110 f� Ti''+ l'l'1:\'1't'Rt, Mnllr chi.. '111.. .h i' ••t `I•c , t It 1•,7.1 iil'.T11a:\ 1..1C ,'RtiP1:RT1Ct IVC, .1 t 1.11 Id.. r•ri..r•tt•inn c. .-t in: under , t'.• ).n, ,.' the itt:rtr nt 11,,r1.1.,. hawk.,. 1t* L,'Im'in,,l pl. ..I , • !matin•.- in the County "1 161.1, and "t.,P- •,l 11.'r0i4 .old 14111.111W (ATI: I.1.1' i\O COUNTRY C1,1 It, 1\C, .• t'iorld.t curl's.,!inn 1,<Irting •• Imd.•r t'••' taws nl the 'itat, 111 II••n1uLt, having its prilu'i'.11 ' C' t,i.,rt• w 1•11atnl'li" in lb, Coln,t• 0,11 tri' ,unl 5t.itI' .11 I tondo, . and la,lulls. antt•.niznd to tran...i,t business lii t.,e .ttntr ni • , Il.'ra - ,•I,il . ii ntii' I 11u• 1,1•vt ,art. ,041 ,At: 1'T11.tT1C" ISi , '1•.,.t 11''.1. i)",• 411K. t:ntu• 1'ero1. I'Inrida 1471111, .I rorin•ratinrt • ..;.tin• „ it'I. Ow 1.1'.. •' 11'. •t.11• , 11.'1.111.1. 11,n•111it its ^ .r U•r.V.•1 .lar. .•I In..it',•••• :• t'.n--rt• la., .11141 Built,' .,1 r1.n•;iI.•. .rm' I•,-tui la .u,t' ••• • d •.. •r..n.11.1 In. I,....... in tht• •• .S.• . 1••••hid, marl •, • •• ,::1! .•.11'•. ..:r\l:•:....f71 L• Ti it 1-, ..• .i p.n't i.•-. .. I,.. ..r.t part. - . p ' ••r .ma, • r,a,i11.•r.lt••nt ' N, +Ir • -i vr. I WI 111'YIIt,lintSf,,Si111) .. ...1.1%.; I. .I .It 1•..'111 •••••I 1•y •,• •.a •1 ..art' ••I II. "t•r,nnl tlart, } .. 1•• r,•• .I .1. t•i'.-ni ,• i•r'••• r Hi-i l'.i.:.d. ho, tr.ult,-,1. horstnined . ....,I -.0 t1.,• said 1.....t• ' .,• ^m! part. its snrr...i..r" . 11. •d .,s••..... :.11'.'vi it. tI' •.11•. o • it•.el.ibed I.u1J .itu.lt1. l viaµ • t anti 1•in• i.' iii' Cutintt• ...II i.r .tad 'It.ICt' 1.1 11••rill.., to-Nit: 11I '1:111.1: TITId. Tri Till: IT'LL/4%1%rItl'w11. I:STATt 11ai'.•..1 ••1 land 1n Col l'-r C'•tntty. II..H.1o, ,wire par ticularty . . ...........11....1...........11....11111I•.vv .cul 6.hitt •1 p.u't •.1 OW Plot ••I Tract A t , •, .•IJtn •idtr 11111r X, Partrrr.•vt1'•d in Plat (t.n,k 4 at yin. Ili ,.t the 1'tlltl Is Ri....i•1l. "I t'..tl ter ttmtnity, 1'1•.t'iit.1. acro r,n•f 1tI11-c•!t dt'isrlh.'al .,a a.t)..a•.: a • C.,rmet•ric•i'ti, .11 la. '.•s'{hwe'tl a'.n•ner. ..I Tr u•1 A, then t' ,owning •ntut:• n di-t.ua•.• 111 t111,,f7 Cert al.,'.•4 the West '.. r••tdary ill +.11,1 Trasi A. thrum. t•u!ulInt. Last )11..31 '•ill t'1 .1 11.1,11. •<litl it•.;lit ',Hutt ;l.§ dv.•'riut•d as 1 11.c Pt,1nt ui tleCinliinst: tln'ur run Nortl, s.'1" ;ll' 21" I.,"t. .1 distance 'ti 131.15 lust rn a IK.Int; thence not "rth LI' VI' 113" f:.t.t, is distoncr al 71.1'1 it't't to it 1r,1nt: thrnoi run North 117" n1' tIr Went, thence run North lin III' III" ta'tt, a tlixtance of 11111.1H 1 t'rt to a Imint: a distanc,• n1 I'th S5 I'rt•t to it paint: Owner. , 4 rtut-Snuth /VP' 1111' St.' !lest, a distance el 1811.511 fret l - a 11,I11t: tl..nr. nu. +uu tt' AI" Ill" '1G" lu-+l, .1 ii i.tour.' ui 14.:11 trrt to .1 'mint: tht'ner run ti11LLtti it,air- 1.q" lit"sL, a di.l•oncr al 113.36 Irrt to a pnlnt: Omer run South 1' 4s.' 111" wast, a dtrot:ince mr 181.92 . I rpt to the Paint .,1 itrtiimllnq• GF(L,ZL /a t' t/:/ Mtn 15 2skPf'1q itltiGicf- .fr�Tl .i i . • . . .%q Rt 10/ 9 8 AIMS .1: 563 r:': 761. Vi r•rv-r..nt Inv alit it 1 r:•. . P r•1' to w:del•, n•i+nt l'+ .rt equal i. .in tach std•• .•l ti.. •..tilt•.• 1 Iar tin r1..', ••o••• n•••t testi arly '''.i•rt7.nd .i. Inl lair+i: 4.11d lint rn.ar.•netnn ar rim 9nrtlir,tst r••wt.•i' n1 111ai:t R ,+f Unit 1 isl ['.1.1111.1 aatr Bu:Idiviiiinn, 14•.1111[11 in Plat nn•d. 5 :.t Page GI or the cit t. per•r'1s'11 L:nll Ipr County, 1'1nrWu. and tin ncr 17niu1'11:Arat NR,1'. ,,,_,., ___.. fr.•t to 'ht• taint •d Rrti unine •uxl tit• son.trr I for nl the arisen) nt l•ti••to ilecor1bed: tlirncr• 11111 'nut 1. IY' 02' 411" East I.1r a 'listance ..1 IRZ'+.Na trrt t.+ d p..Intl sold pnint brine tiie :inuthrrly lrrmiii.itinn iii • the roHtaent h.•r.in drt.eribpd. IT11.111' i;A.I1@iCwl' All t'a,•x1•nl Ini••uttitty ilnrr• 1•.e.,tMI in Tr•s•t A n• ho).itf. linty Pott a, I'.n•t 2, .cr...rr;nZ to ft• PI at tiler...r. s,r•,t•drd in Plot riw•1 • .it i'.fr14 ll1 ..t U,• lUh1 f4 A•v.irds •.I C.i11 I.r l:runty, I'lnrido. ^•.1.r pal.fro arly desrrihitl .r. t•.i I nvs: •• -trip •il L•nd O. ''••t in widtl• Ir•:rt. 1+ I.o•t ttpral]y ol. 1.ach ri(Iv n• I'•'• 4rrt••r llnr th.'r+,•I. ,md Awl,Awl, nage_ ••nt e.rru,xvnc 11 t1' •'IIthew.t rnrni.r ••i Lot 10, i1 i, I. Pit .11 5.5111 tliit >., 1`.u•1 . •ii t:.iIil.yi .•n1• •ohdtvINirn• .unl thrnrr »na.i' ••.s•11 ;Pi" I"• Ll' 1.1., Awn, said • •..-,rpt ••••.tur ;i•.. ••••• .i illYt.mr. ... .v• .1 11.•`t ti• •- •'. ix•int •• (n•.trrlt t•r•in:+t i•••: .• ••• 1 Iii ••nt ..t 1u•1•r l..i..rr .1•.rt•i'••ii. t• •. dt•'rt . • +•n I• r ••1.41.1 1•• •i•••.. •.i•.'n n• Ire •. it t ill. In etri.• • n•..1 .t.•1•• 1: ..inn,,. In .r Katr•ntty Bred • 11..1•'11 Ii.• ,It t6n n. dnnil+"'t 1'4 .aa) 1`rt•nrd••t1 •u 1111 I4•..1. 130, ill..•1•.. I', Mira.", MI! . , •a1d v.n•l;•••. .•r 1+•' ••1..t Hart - �... .n. •..i,• .•I 1^.••a• .q•r.•r'.c I .. .i••d in it, i,,ii. Le :1• vroper • •.•:i••r+. u1.1 1t$ P••„i,i,,( ••.d t•• I.1. .ii•'1i'11, dt 1.e.ti,1 Lv its -•••1.r 1.•i•. l••• day .5111 .i u•••,. ...•1Itru • Atrrar•: ...%' ••• Ry L8, f))1: ..... �• , SPIT etarl r 4'11•1. Pet wn�'gl riled. i.•u1nd nod +1.I tt•,•••,•i lu tier pretence n1 u.: . •L i} ••• 4715. - IXII.01:C '41171:tiu.l'X iall'NTRY CLUB, INC. L"1/At's/,tj43 Seer •:c:• •• :•n • Slitijeit•Scaled and del leered • ''•Sn•trie,ircacncc of us: STALE or I101l10A? 9B . _ . . .. • ____ .. • . . . • . . _..,, ,. .... . . . ... . . ..,... . % . • . .. 5�;3 . . �E�'? , t 111:Ri:P1 t.C.RT1IY, that 0n ti.;... ROI tiny 0I S1.n A U. 1,1711, hrl0rr .0. litraniinlly .1pnr.•••rii ib,I.•rt L. iirintr•.m. ..td .lunnit•, Rh'rv... VI ti Pt•r"ilien I .uul .ri,.•t.iiy '•1 ':Ai' I•WSItt.RTfCS Nr. . td Sl•in.-e A. Snr1.1 .11111 'III tort V. Slrti'I,., _. V:1-. , i'rrx I Oil,I and Asas.lmit :4/., or,0) •.,ILu1:'t CATI: r:01,1 .1?:1t ciR'N''TH1 Cl•1'8• INC.. r,1'1.v,dtleum tnxl„r. LI''. !•sw•. ••1 Cllr Statr .'I I loridd• In •u. I.11•'wtt l.• I,r• .6r prrr..ns wi..r vim 'it,nrd thy. Irri'i,,inq ins tnl- m••ut a•. •.u.•t, ..1•inert and Rrvrr'liI iv ,Cl.n..w•Ietlgrd thr .xrc•ntJim t6.•r.+r1 I•• It t •it l rrl• •tuC •11'9 11.•,•11 n• xuclt ni1 irrr•• t..,. the wee, .nut nut)...-. - t 1.1,1,1 11 ....Ili t i'tu,d doll that tlu•v a!I vr1I It'ri'rtn Iii. n"W1.1 ....1 n v.t1J r..t'I,.n•..i'•.n. .nui that II'' .•.011 ,n.tilt- .. mens) I•. I,. .n•l .1011 llrrit 1,1 ...I All r,1•,•••,•.It l+t[ h1TM- •,v hand .,nit .•r11,•I,iI .'-.)1 at ',hi ori ^ •'. (:.,,., 01. ow -t,t, ..i 11..,;y..t., II-. .I I% nrid •• u• I ,.I ,,1.11.1 Vdl.l _ ,;•, l.._, • •.:I iv' 1..61 ie / • Thin 1n..,vi. 11.1 w.•. I't'Iltar.1( .. r ..• RO1,.•1'I I.. .1)11•.,111, - .. AI 1.•1•n.V ,tt I•.iw ),Yl. hi.r.tti.. Iluul rVII).11 ' N:..••:• f1•.,•1.1., S SI it . v. l'.• a !• h DOCU'.E!'ll'AY_ STAT• 4r Ft_ORtCAI ss�� SIJ Ft tA� ^ OOCUMEM ARY VAMP TAX I ;i' N FLOR1f�A ots"oi,tvrn s •((+�T� 1 . S \ ( o f!,...., ' R'>< lunnl „`� 1�:00.55 = "+ .. > .1=rsirt4 ' I* ! z1:10.10.1 • ' M'.• .� Ri lintvv+ 1 0 LJ '., • • P. ar...I.O.M. r•.,r .... r•.. .t",,.Cowl 98 _ .. . .. . . . . . .. .. ..." . . , ... , . . .. ..41... . ., . . . . CORRECTivE.C:ORREt ttvE itAIt1NNfY UFE:U 386(Y21 II[622 nci 787 TIltS 1NI)E`Ti'l1E, hLule title 10th day of Jun,-, d.I). 197s betwern t:At: e PROPERTIES IFC. a Florida pn ru uon oetaung tinder the taw.al.he titrate a1 Florida. having,te prncipet place of hueireen,n the(",.,My..l itvlr and ., Stale of Ftnrt.I end t7OLnEN GATE GOLF ANI;r'Ol'N TRY C1)'11. INC., a 7 t Florida corporation astatine under the laws of the Stole of Yturide. having it. „ ,e, principal place of Surma..In the County of Collier and Stale of Florida. and + lawfully edthor,cad to transact bugneae in the State of Flarida, pa rites of thr first part. Ind CAC UTILITIES INC." Puet Oftirr Ova R48. Cepa C..ea1. Florida 33904. a corporation existing under the laws of the State or Thenar°. htv,ng its .", principal Niece of b.utneer In the County et l.er and Mate rat Flturtda. and law. 1 fully euthnri ced to tranract business In the Stale of Florida. party of the second F�� Pe lit 5 W:TNISSETII, That the aniA't.arn.'el thr rirat part, for and to • consideration of the sum of SIXTY FIVE HUNAREP(Si,,100) (OLLARS to it , In hand paid by the palA party of the arenne part, the receipt whereof to hereby acknowledged. hat granted. ha restned and sold in the ...Id party of the aeeond ! 1. ;9 part, lta aucteteore and&ratline forever, the(ott:mtng described)and situate. 1 , 'o lying and being in the County of Col1ter and Slate of Florida. to-wilt t • FEE SIMPLE TITLETO TUE FOLLOWING REAL ESTATE A pa r¢ti of IanA In Collier County, Florida, more pa rticulerly deacrlbed as follow.and being•part ei the Plat e7 Tract A of Getdan Gals Ualt 6, Part 2 as recorded In Plat hook 9.t Potts Il l of th.Pubic Records of Cal1Lr County, Florida, mora pa rtl cuhe rig dee cribed ar follows: Commrncing at the Northr tet Cerner of Tract A, thence running _ t South a distance of 649.27 feel along the Welt bound.ry of sold Trort A;thane*running Fast 3)6.31 feel to s point, raid oles +� .�. ,� 15';1133.1-.41:1-."9 eing also described as the Point of Beginning:thane**"°.North ,rr,�n r '.."!....til r" 89°54'23"Feat, a dIasenea of 3)1.15 fret to a poles:thence nun ta;i+ wgr North G°02.3934; 9'0J"Sial,a dietetics of 75.04 feet toe potnit thence i • ." w ' rue North 23°43'43"East, a distance of 10{.18 foot to a pvintl e a"aa��•-E thanes run North 47°07'42"west, a dietattea°f 191.55 foot to t es''l;, M c,�e a polnh,thence ton South 69°44'56"Wed. a distance of 104.10 E''.1.-4.1.: = lest to a point:thanes ruo South 5M 09'46"Weal,a dialect.•of # y 14.20 tact to a pet°p thence run South 11°04"09"Wert. ■ dietaries of 115.36 feet ler pelgtt thence run South 3°4S'1D" West, a d,atanea of 151.9:feet to the Point of Be0lnning. s ,1t_ L 98 . , t'T11.tTY EASEMENT 622 rwf 788 a', •< An eaoeutenl for utility'ince M tee,in eidth, being 19 few rrp,ally urn each exile of the center line thereof. mare ,uree uhtrly rte.,stud ae Odlow.r Said line commencing et flue Nnrtheas.corner of I'rut t It..f ' ('nit I of Oniden C:114 Subetitvtemn. recorded in Plat Ituok S at Pape 61 of the Public tl,a'nrde of(biller Cnunty, Merida. and thence running WVeat RB.19 feel to the ,'.nni of fireinntng • and the center line of the eaaentrnt heroin dearriherit thence run South 0°02'44"Lae*far a eltatnnea or 1029.110 feat to a point;bald point being the Southerly term,natinn of the rase. .. mint herein described. 11111,1TY CASEMENT An easement for uuhty lines heeled to Tract A of 0011100 Gate Unit 0. Part 2, sernudlnp to the }'Int thereof, inueriled in Plat (inc! 'Int Peyer • 111 of the Penhr lteenrds of i.oitur tnetnty. Plnrtda,mnrc unet,..da rly descnbed as(41104 41° A strep of land 30 feel in width, being 19 foot equally an each aide of the canter lune thereof. and corn easentent cantl1 Cnctnq at the Southeast corner of Lot if. Block 2111 of said Unit 8. Part 2 of ' Golden Gets Subdivieloo:and thence running South Rao 19' 21" East along meld easement center line far a distance of 348.61 feet to the point.of Easterly lermenetion of seed 10 font ease- t?' ment heretofore des,rihed. This deed is given to correct the deacrtpunn of tee pimple title to certain rrnl estate a'hewn on a narranty deed dated the Itch day or January 1973 and rerorded In oa 0nek ill. Past 916-918, end to a Corrective warranty deed dated the flth day of Mny 1974 and recorded in OR Book 989, Page 760-762. IN t'.ITNESS'V IEREOtr, the said parties of the first part have caused these presents to be atgned in its name by Ito proper otflce re, and it.corporate real to be affixed,attsated by iia Secretary. flue day and year above written. -- GAC PROPERTIBS'.NC��'h. Alessi: .•. .:/ V• /••:_ • By— ' Secreta re Vic Signed,Seated and delivered °^"'e 1n the presence of um GOLDEN CATS 00.173l COUNTRY ts.' L(, • • Attest: Ass eta Secretary Vita P 1idanl,,.. 1 Signed:Sealed and delivered insta.preertee of um • . 7 � 1> 98 .. .. . . . . . , . ,. .. . ..., ... . ; ..... ....: ,..„:. •.. . . . . . ... ..._... ..•-. ... . .......... ,4-- ., a,• .. '• '• STATE OF FLOP-IDA III 622 ri;l 789 • CO(!N rY OF nAnir I ItEREBY CERTIFY, that on this 10th day nt tune. A n. Iris',, hell rs n e persnnally appeared Roh.ri 1.. Wstntr,tuh ane)•h+aa+ta it rrra• Vtre Irrsndnnl and Secretary of(tAC PROPERI•lES IF< C sn•t hillnay 1. Setrel an•I ahllnn M. Shapiro Vice Prtaidnni sni Asrtara»t ifotretary of(tOLOEti t Al Ft r; tI2 .}21xI)COi1NTtiY C LI+h, IAt... carps ra titin■nr+dcr the tam,of the Stale of F'In^uta, m rnn k»noon to he the pe rams who nrnsd Ike festapornit instrument SI run.++[utara and severally a,Fmn+irAFed the raraoUnn thereof in let there(err +,+and heed as s+tvh nfbtrrr,t„r the osis and porpuaes:heroin mrntlnned and that they at(iatd thereto the otAciat seal of soul tur(Ntralion,and that itr end instrument is the net a:d dctd 01 ra+d rorpn ration,, WFTNES,my hand and offieiat seal at Miami to the Cot+nly of Dade and State of Florida the day and yea. last a(oresard, .:>........ -a Notary P.,thc aetatY roots�,,r4it»nr nr•t'•i.o This Inalru,ttent was Prepared By: MT C11AriselOM taMtl4s ri`+tlt..•tire'• wrasa 7atEi arxta+t vnesraa•test6iiitNCM. Santos! R. Dsn:lper • Attorney At Law P. O. Box 523000 •°,- Miami, Florida 33153 'l:',(71,1,1':,. DOCUMENTARY= �: q�i QA � _ FLOR a SUR IE.-, n c�u�i+iE5„r �5Ah1t tAX7 .f t gR anrn 4 0 5 5 t 1rgtor a[v[aw J M. u;t. ra =i -ra 6 Aaleflt :o a 34 1 ,� rtnM Rlrl 3 t� 76...' i, .S , 9`4 a.w 9B -DR: 2848 PG: 2969 QUIT CI,AIM DEED BY TRUSTEES OF DISSOLVED CORPORATION THIS INDENTURE made this 20th day of December , 1982, between FRANK J. CALLAHAN,2g(ytpeeblagali NORMAN S. EDELCUP and JUANITA RIVERA, of Dade County, Florida, being the Directors of Golden Gate Golf.i Country Club, Inc., a dissolved Florida corpora- tion, at the time of its dissolution and as such as Trustees of the property of such dissolved corporation for the benefit of the stockholders, hereinafter referred to as 'First Party", and DOMENIC D'AGOSTINO, FRANK D'AOOSTINO, MARION VOCISANO and ROBERT VOCISANO, a Florida General Partnership, hereinafter referred to as "Second Party". wITNESSETH, that the said parties of the First Part for end in consideration of the sum of TEN DOLLARS ($10.00) and other good and valuable consideration to them in hand paid by the said Second Party, the receipt whereof is hereby acknowledged, have granted, bargained and sold to the said Second Party, their heirs and assigns forever, the following described land situated lying and being in the County of Collier, State of Florida. to wit, Tract A, GOLOLN GATE, Unit 8, Part 2, as recorded in Plat Book 9, pages 107-A through 112, Public Records of Collier County, Florida; LESS that certain parcel previously conveyed to Gulf Communicators, Inc., by warranty deed dated June 18, 1973, and recorded at O.R. Book 538, pages 353-355, Public Records of Collier County, Florida. To HAVE AND HOLD the same together with all and singular the appurtenances thereunto belonging or in anywise appertaining, and all the estate, right, title, interest and claim whatsoever of the said party of the First Part, either in law or equity, to the only proper use, and benefit of the said Second Party forever. IN WITNESS WHEREOF, the said party of the First Part has hereunto eat their hands end seals the day and year first above w ri ttan 1 98 OR: 2848 PG: 2970 Signed, sealed and delivered in presence of: / ! �� K J. AH AN r •'J ' RYANS. '.1IELC1.7p�7ra��'� O44,404_..sd(PJI/; /7' UAPifTA S VERA being the directors of Golden Gate Golf t Country Club, Inc., a dissolved corporation at the time of its dissolution and as such as trustees of the property of such dissolved corporation for the benefit of the stockholders. STATE OF FLORIDA COUNTY OF DADE i HERESY CERTIFY that on this day, before me, an officer duly authorized in the State aforesaid and in the County aforesaid to take acknowledgments, personally appeared FRANK J. CALLAHAN, NORMAN S. EDELCUP and JUANITA 'RIVERA, of Golden - Gate Golf & Country Club, Inc., to me known to be the persons described in and who executed the foregoing instrument and they acknosledged before me that they executed the same. WITNESS my hand and official seal in the County and State last aforesaid this 20thday of December , lgs2. my cortaaieaion Expires: otnry Publ /d//VF,4 -2- 9 8 t/t� +} STATE OP FLORIDA * OR: 2848 PG: 2971 tit COUNTY OF AFFIDAVIT COMES NOW, JUANITA I. RIVERA, after being duly sworn, deposes and says: 1. That she was a director of Golden Gate Golf i Country Club, Inc., a Florida corporation at the time of its dissolution which was December 1, 1977. 2. That the following individuals were shown in the records of the Florida Secretary of Btate'e office as directors of the corporation at the time it war' dieeolved: a. Frank J. Callahan b. David Rughea c. Norman S. Sdalcup d. Juanita Rivera 3. That the following individuals who executed the Quit- Claim Deed were, in fact, a majority of the directors existing at the time the corporation waa dissolved: a. Prank J. Callahan b. Norman B. Edelcug c. Juanita Rivera 4. That David Hughes was deceased in December of 1976. S. Affiant further aayeth not. Dated: 20th day of December , 1992. rector Sworn to and subscribed before me this 20th day of December - 1992 by Juanita I. Rivera 1 J , . Rotary P c My Commission Expires: /a/ 98 , kec.1, • ' .0.010 0r0 CAwco 70101 a em ,tip ' Mit Quit-gala Dnd, r••.wna.d tilt ii.4y•1 [.,%..,, •n.n.ica ,67 0 Q PRANK D'AGOSTIND co cm Indpay.bo Robert Vociaano, Mario Vocisano, Dominic D'Agostino, and Salvatore Porlani, a Florida general partnership, a/k/a Golden Gate Inn rA.rpw.iJra.ddr.,,r 4100 Golden Gate Parkway g Naples, Florida 33999 ....d prlyr K ;, m-.7-N�V..411 2"rs�.r' u�'.....7..1 M""r r�. �r'r: `. �� r w itiltnesseth, 'Ti. dr.snit)fin)arty,for Ari to roirtd.,.tlon 4 Ii.c,.a of 510.00 c In had id bythe o-..,o, r ��rr >u rid+eear.,l nary.the.r+vtpt+.herrn(I+lien&y arGnowfrd ! I +hrrrL rare.,rA-• d +'f -' Iran and quit-cia:m i...aha nerd neem!putty forever.oh i&.*gill,Bila.Irmo..rloi.sod drw.nd.Aid • ilia said(3rd Poly h.,In eel to eh,fafawlnp de+..tbrd Id,Oro r poet.f sad.*arra.,Jylao and&ring' �' I In Iho Counly ed Collier &.r.1 Florida ,moan co Block 1, GOLDGATE, Unit No. 1, ae recorded in Plat look 9, Page 6•, I II EN Public Records of collier County, Florida; aad Tracts A and B, GOLDEN GATE, Unit No. 1, ■s recorded in Plat Book 5, Page 62, Public Records of Collier County, Florida, and Tract A, GOLDEN GATE, Unit 8, Port 1, as recorded in Plat Book 5, Pa•ee, t» l'- 147-151, Public Records of Collier County, Florida; end air ~ ' Tract A, GOLDEN GATE, Unit 8, Part 2, as recorded in Plat Book 9, pa•a Ca 9.1t. 107-A through 112, Public ,,. . - Collier County, Florida; LESS t '� certain parcel previo y +•r: Com'• • l Communicators, Inc, by w ••enty m g II deed dated June 18, •23w, ,. a Book 539, pages 353-355, I Public Rocords of .laity, 7 ND ALSO LESS that porta a parcel previoea • ed eo OAC Utili 'n Inc., by warranty deeds .:,f, " dated Jamlary and Nay B 1974, reborded at OR hook 530, pages 916-918, . ay 589, p gel 76, rebpec4Sve1y, Public Re cords of Coll - .. .....f• . _ 4 TOGETHER wit rt,- . '... tamentp and appurtenances bel•ng- lug or in an P' ' �, ' 7,D HAVE AND ,,A ` •liji Tar v:,,', . t:t 4 , I.14 • +ice a „:- n of record: ening lows, • bject to existin• ;a•S a.nlfavor of Carawta It `-r,a al Savings a •...,;40eo3Opticn• TO :lave and ((j��+ ......,..,her..UA - • **Lk,dA.uppur,mnn,w I!.«.anro • &oioag3ng r to ny,.i..' . ^ cod 11+h,robot. .j,,mi.bra onu(ly.ad rdolm what• 4,. I •....r of lir sold JI, .e1,,`:7- I• .�, me,. . ,nr.b o.ju sod&,hoof.j rho laid V. ..9 Arra pony forever. i y r. , p`',V �,9 In ii Iniz whereof,ii. `.71. .. . , ..d noir*au,poomnis At ray ad per .. A , N..6..wdLioa. S10nods• ..If`.dMpowwow 44 trel f i��rP lyi D'Agoa no STAIN OF FLORIDA. ...' coy/n.11.0? COLLIER I UMW CIRTIFT Mu oo this 4y,hdrr s4 a. 1 Aker g.Athorierr la de Sore aero:/owl Is et*Osumi a:rovY r ids. ,p••+•rror.prutea PRAM D'AGOSTXNO .,as,ti Lawn is I.do pew. dead lewd edo autvad dr tenpin 6001101001 end he rtw4d .001. 34r,,,pi-+w he mored dr aro �/ • k•''•r'”1 tWPIN 34 Yid a1 ,dot owl to d.o.eay..l 51 hp.r�.. Z O - ray.1 'I" Reco:Ved s N"o e4 IC-1,.4•. `' t• mnSt •'•. Lt:LI,i rY PTox CDoollcriereCountoty fo!mnrido • ••...,a ,.`•, 'i;hqm i eti on,Clerk `y O I14IIPT MLIC tido m iLa4Ied •^ .,r• �1 inanti:lco DIMS Ape 33 3816 ♦ea fj vent papal,6.y:71.01100nmenli...I IID O 6 oro ukaf11 M.UV. yidth= Gwo.v....4„Ma.M n164/ wl aced ibAOe UMA \ ' L t t 9 8 G -I 0 2, ' •en 4fa.t nP RAMCO/04,14 I — SO i CO I CD Cr, t OC r* This Quit- A m 7 ori 1e I Ensvird IAL �Tirl.r.f A.D.IQ j L7 � HAl! MWdtEL7A lorparly.la Robert Vociaano, Mario Vocisano, Dominic D'Agoatino, and I Salvatore Soriani, a Florida general partnership, elk/a Golden Gate Inn oi•eneasisatoleXhme4160 Golden Gate Parkway I Napies, Florida 331199 1 I ,.n.nd po y, m �J�i- 7��wS1�7.'�. ..�i'�o. r l.�' '7� o -D en 4. Winesuth, not iA.geld!fen t,n,t — ! T.�a•d In to of O.run e(s 10.DO /D-y rS . b Lad P.(d t,y 14.add,.annd party.tho ter,•ipt whereat b A,-,As ecL„,.,.I ,rJ.dor Aa.Ly gore/”,,.YT1 1 Ir,aId.b d.s L .ow.tie veld,eaand poly farever,ell dA.dnfd,nlla,'mama,.claim mud darnwitch witcN ab As add fins wry ion 1...d to IAD following dosnihrd tat.plea,r pace!.(lend, link•lyrna abde d p 1 4 tA.Cov„ly of Collier SFr.of Florida 6,•W,, g ,!Block 1, GOLDEN GATE, Unit eta. 1, as recorded in Plat Hook 5, page 62 Public Records of Collar County, Florida; and Tracts A and B, GOLDEN GATE, Unit NO. 1, is raoorded in Plat Rook 5, 'page 62, Public Records of Collier County, Florida; and ITract A, GOLDEN GATE, Unit B, Part 1, as racerdad in Plat Rook 5, paw e X147-151, Public Records of Collier County, Florida, and ,Tract A, GOLDEN GATE, unit 6, Part 2, as recorded in Plat Rook 9, peg. 1107-A through 112, Public Ileuo Collier County, Plarida; LESS th t • certain parcel previous l�` Communicators, Inc., by i co ;warranty deed dated dad at OR Book 536, pages t CV .353-353, Public Rae- Ag e'• oilierCo , i rida; AND ALSO LESS tha• cm ,•certain parcel pr, conveyed to CA tt ities, Inc., by warrant I ,-- ;deeds dated Jane, • 1973, and Hay S, 19 , and recorded at DR i 1w- :i Hook 530, pages '16 . . :t OR Book 599, ago 760, respectively, ' ,Public Records .f •11 - Court •, _• ,.a. i 1 to '.TOGETRER with •11 a tune-- eredim aents'_and.appurtenances l G ''belonging or • a -•..1d :t And. 7'O HAVE AND T•,HOF he7<• •.1 e . ever. I SUB.SECT TO: • ant e:.. • I I .r•,• it, 1 eaa a ts., ,FPS x'ecord; I f.- ea"-. a•t .f . •.rd; .. , I 4 "Zbning laws ;! •• t I S.•::Zi e.ct to existing 4i•;tq-ga..Q..filvor of Sarasota Federal Savings will oan Association . • r 1 70 Haut> " 1, o, ,l�e lie;ante lggml r eJ ...Iseyulor IA.aepm ,e rnr ..itwimada • �t I Workout a'4 b yw . . .4401k•, . d di!A.ciie,•.,I, I , l.-,,at.liew,Gowdy and s1,d dem. . _4 iV i ,m ��oorof Ike acid fin!poriA a • in ,/ . '.. r av,Gentili and tohoof.f the..d In mond Mai)fre . •C C19' 4 v ' It Willniti y Tim saki Poi no,ty ws sheet ad„ekan p. d deeswoi,11...t y ay d .r 11e I„stAe. .�a Stpnrd,,�J an.aloe ed in premie alt {////`S �*il f i, f r,� 40 a .1.= `� .. 1111iy...4=4"gI i 't,, ATM Or A, i SC MONTT 0IF COLLIER J 1 Saban=TUT J..be die doy,fakery r,a Ishiest Aar wedded V Ila Mw ara..Y sett V d.Como misread., m Mb.d..rkdfsr..o.,peavey*spewed HAM MONTEL.LO • r,ad Yw,n r Ie 14 yar. d4a,p.i la sad mi..a,eM dr torsmirs Fonmean,sod Mfw.4iedi .••Ida..Mc dot ra.,.tad ed,s. .•''r+.,Wu�1T__.Y�EpiS Pr bid W .aOial ad 614 Ower d fur la„a orro•. ''►� 477i d.y 4 .. r*IY"-eA.a 7Reee}ved$ . l?i'-L� 007.T... e '1. ......_..._... rr Doclanontory Stomp Tac "ti .1•� �" Collier County,Florida nottO :`,;'•.... •^ Williyf9 J.Rtegon, lerk SUM.0.0 Valle saw 79 try;,, by.T.JJ�d4dx.+a�4 FrvR'' 4LR4/4U•IYf-Uf0' . I.: iraa.r.r pervert/h ii ' ' labor . .. , :i eta 8� � 1 1 1 , L • 1 9 8 , . �� ., • �wA.wAwT1 ani mamas mos a `� • near ammonan... , ALC r; 9R ! _ ab dao rut U00 rlecaxns 115 1111"2101 r�lsaull- r -wiling, T 1tn f a, Priotlq. _ ttu.lielart ,in_._eige__tber w6ta rweh+l , 2C- r„,.. l } 4.461 ""•"--, t.. .n'r I I ( _4- c) - • m 1 • I p o • � x ti • I X11 ss n .v iTi "o4 La • __ r __---- - - fs- - ° , ..: , t,1 - s � /. `Cott.... 1 • -r-I ,` \ "r te-`V "111.11111S.. . . • 1 es '_ _ �i ..f • Jsoo.r~r tate.__ La..e..e .i• ce`,`_ - . Sots 44 4 MIK,Goo..i..1.. awl 11.4 no.Gar e e at tract"a• .4.14,4444 SM6.ittoo.f4s 44. .1.11171,4 PL.M.M loot V.44,.141.11). .l do N1 4 Moors_r ow.t- 4i 4 C .'_boar.no i.r iv Q * hoer..not.J4.2 •144 Loft U.at o..woo. 1t. Q4 A.11e . i wt, o.4•.......1 t.4 Valor 4 G,rmany tfowt r!4.4..4.1'•4.A 'r'�5 L nt.'s at W b... arnl owl.M r 4o.tr.tut In a.� '•' l••• 1� .��' � titer•s.Le ti•Sr'e. N loot M contor4t4.r 4I drama L.1 .4_,,,_(47.-1 4.i ti...I.Ne 41.31'4 4t.M/rt r annoy molar 41 naoo.•L.U`O. ,_y_:f�� mins 1 4.+01.1144.f w/w4i. Orr oft/ It ss . oft/of a loo Ilion vitt.I t.*t.n•.4 a414 et its.4;43.4.3. 4....17.4.f1)14.s1 t.Myra.t a lelas o VIM 1.4 et mo.o fili .rt1.4 teMIS*• .. .14.14 1!tat tom Iota awe.4,WWI Nla 14t W.44 fast sant 111.13 fat 41of t.4 o.Pv .a.ttiotta..r of tract or,17.1t I./tra 1,ol 41.61.all 7.4413*7.,.o a4Nd L.lar.tart f.P.O.101-14./414 4mtiost Wits/C••s7nowt .c% n.rq dm.tnot p.14'113w•r4 ' • .100.71 foes. 1.1•414 44 4 paint.V 1111 4.1.f do Yat*...crib."or Rs.1.11.7 fat 5-.v taro. 1 ; ..r....latol , OW.is 261.50 hot toot..at 451.11 tort las!./,!4 n.lna.I soon.K trot44•,Vela 1.Van 1..41. Collo..Al.44.1trlttr.a. HN L Ilec lout 4,f.tr 10/-LLS,Molle hath of 14.11at Corer./Lolly Timm to./.11.03'Al"L Ill'.71 N... 4.41..t........544 -1.r•~`�- . 1.tr.1 fir lata 11.tot 4214.,l foot..1.a+.ua et Le.......4-11..4,444.4.a ft11r41 4414 41.t.lat as .car1a o. .t..,4.1!two.l w wowr.ro..t Cod tea Kot 11.of la/bwaoluttta twat 4449411/,54, i...4.1.1114.1)Int 1.111.d 112.11 fat eat of 1.e.lar...w,tote...f Tt...•4',1410.*Cwt 1•43111.411, Ws 1,1.4 2,to amt to.a)l., tlo.nl r.t.re.4 to flat toot a,ton,10'•111.*f 41,4 74114 4ufia of l.4Lr Gout,t1a44..4.4 or.r.4Ltao.1 11.44 h..t.t,%nI1 I....met Nola/21 torr t+1.M'W 111 Y. 212.14 foot to as tYot 1.•...t.41 Trott•a"d LLa cut 11...t lot 11.43.711.0410 I.n43,24Maif.1 CMM].44I,l*4.... . ••ppYYVr1 1 Itf e*nlif 44.t Il.w /rnp.n.nb44. t1 * .r. 1,oohs altlltten tan..,4.175-7,r4 ota.'.',n44 ," 4441 ' , Mt 14 II.4.1.1.4.4.. Oa 1.4.7.4....2 141 4.1•'.1,4 Ow,. .. t .Cr for,II4..n16141614lan 1 tlw a No.1•••••'. 4.44:1144 1.14141.L I.lost at s 1.rN14..4.11314. ,l . - t•to...A:. ..,rn•• Ill,` 1..0 font.,Ililt 14.■4 3.,4,1 too/ f4.wl 1,421 5-14.14 4t,IR1 t.F.1 ia, , .// N GOYA.Isoortz m.o... -400,4. . 'tam L 98 . . . . a LICGN0R A08 D4ENT r • 1-( ocm i' THIS 2K2��i.ON-EXCLUSIVE LICENSE AGREEMENT, mads thie tg .day auof / 1984, by and between AVATAR UPILITIES INC., f/k a GAC Utilities Inc., a Deieware corporation, of 201 0 -' - Alhambra Circle, Coral Oablee, Plorida 33134, hereinafter 7C -4 i ' referred to as "Licensor", and 0L08.10A CABLEVIBION MANAGEMENT . to CORP., a Florida corporation, of P. 0. Box 311, Wierk Ave., — Liberty, New York 12754, hereinafter referred to ass . °Licennee'. I piITN681, ETl7 SQ a U Liceneor, being the holder of a grant of easement for road C 1 g purposes on the property described below, in consideration of the payment of TEN ANb NO/200 ($10.00) DOLLARS, and other good en, . .g . and valuable considerations, the adequeay and receipt of which o is hereby acknowledged, hereby grants to Licensee an -•e a. ' en,irrevocable licenee to use Licensor's easement, subject to all X. •.,41 the terve end conditions hereof, the following describedel ., premiere: el o-. i 1 A 30' inurement in Golden Gate Subdivision, Unit I, t 1 to r Plat Book 3, Page 61 and Unit 8, Pert 2, Pint Book o ae 9, Page 107A, more fully described Al that part to. gg fror a point at the Northeast corner of Lot 27, I '- ° Block 281 Golden Gate Snit II, Pert 2 as shown on cc w a Plat records. qpg a•- :nd Records of Collier 0o County, P1• a til - Page 111, sold epoint be o. •• •. way line of Golden Gate P. 0• •- shown on sa . thence roe along the A. • .••th right of way 1 net 282.20 fast for • a PO ` a' BEGINNING and ruonin• thence from said I PO OF B•- INNIN" ,• a con er-line of a 30 Loo r..d :k t .w de: ibed t.a following co se, .is . • .0 S 46 7'06'E, 40..81 feet, thence a. he richt, whose ra-iue - 20. la.e ,. ng 8 20442'57°B 13 60 -t) - is a 88,97 feet, thence e tYTS' • - �hence' ong-eh#. arc of a cu••• • e ri , w,..: rad i. a.A.')-3.47 feet (ch• • •wring S 8.01'27°:: 14..2 feel)) an arc die- tan. 114.47 feet, the. S .2'-i1'.�,4"W 120.23 feet , ce along the arc :. . , rue, to the left, a whose a is 323.55 foot .• ,ieariog B 0°20'58° 1 B 142.3 an arc dieter'. Af 43.03 feat, thence a E 12°54 } • 68 feet - ong the are of•a 1 curve tO • - e 6 562.88 feet (chord ! bearing 8 1° : fit) an arc distance of 230.66 feet, - • 2'51'434W 149.59 feet, thence along the arc of a curve to the left, whoa* radius is 416,07 feet (chord bearing B 4°12'42'W 125.41 feet) an aro distance of 125.09 feet, thence along the arc of a curve to the left, whose radius 'T.F'' is 51.00 feet (chord bearing E 47'57'33°5 70.24 feet) en arc distance of 77.41 feet thence N BB°31'15E 38.55 feet, thence along the arc of a curve to the left, whose radiva is 188.0 feet (chord bearing N J a 77'01'42"& 74.92 feet) en aro dietence of 75.42 feat, L It.-0 thence along the ate of a carve to the left, whose radius is 60.26 feet (chord bearing N 43°36'09°E ) .)O. 45.02 feet) an arc distance of 46.26 feet to the i.a(i POINT OR ®DING. The property may be need by Licenses solely for the purpose of road accuse, during the period beginning with the -, dace hereof. i r..,-..._.,, In the event that Licsneor decide■ to abandon ita � easement, causing termination of Licensee'■ license, Llc neer,�`{1 k before ouch abendomsnt shall aueigo its eaeemaat to Licensee. M,dsaa,as 140, Am Oi API Aare ra Y _1_ _..... , , 04 L i t 9 6 I 001071 OOOTTS 41' fl RQ PAGE It is agree ween Licensor end Licensee that this License shall inure to the benefit of Licensee's ancceaaozs or assigns, as long es Licensee or its successors or ensigns • maintained a franchise for the operation of the Cablevision Services of the Golden Cate System. Licensee shall indemnify Licensor for any and alltl liabilitiy for personal injuries, property damage, or for lose of life or property resulting from, or in any way connected with, the condition or use of the premises covered by this License, except for personal injuries, property damages, or lose of life or property caused solely by the negligence of $ Licensor. e. She making, execution and delivery of this License Agree- mint by Licensee has not been induced by any representations, r statements, warranties or agreements, other than those herein expressed. This Agreement embodies the entire understanding of the parties and there are no further or other agreements or • • understandings , written or oral, in effect between the parties p relating to the subject matter hereof. This Agreement may be i amended or modified only by an instrument of equal formality, signed by the respective parties. • IN WITNESS WHEREOF, the uggersigned have signed and scaled i this Licence Agreement this ny of 9 be R a 1981. • Signed, sealed and de i w` g • R CQ), -VATAR ornaTILB INC. in the presence o i < (JA, •RPORM5 SEAL). :� y'a �, ow; .a�1. ',�,�%. 10its•l..G...,:,,,c6,,,,,i,B.v,sio„n (-Rk�Y ORP ATE SEAL) FFF D Sal e cowry OF Tack-DE i 'HE (., t` C. I HERESY =TITS that ea this day, before ma, an offies;•:. •0,1,1. 1' duly authorized in the State and County aforsa o take ''• •..."' acknowlodg�) ge�nts, pe uona)ly appeared 4},,/tt,n . A4'LIA t' • as _ ,i+0 (SA4,ddGflt,u_- of AVATAR UTILITIES TNJ, -o me known to be the,person described in and who executed the foregoing instrument, and be acknowledged before me that be executed the `• a&nse.:on behalf of the corporation. �r1 Siv, . 17ITNS9s my hand end seal this day of W' , 1904 u, NOTARY PO IC STATE OF J:�• .� ;.. (MEAL) FLORIDA A LAWS `1 My cou®iesion e=piresf(f-((-r3' . 9 8 •''-'• 001071 . • • 00 0776 .11 0R'B00K! PAGE 1 Mfg OP MEM YORK: F COMITY OF MEM Mr: t I REBUT CERTIFY that on this day, before pp, en E` officer duly authorised in the State end County aforesaid td I- . take acknowledgments, personally appeared John O. O'Neill as , . Treasurer of PLOn1DA CAOLEVISIOH MAHAGMHT CORP.,.known L to be the person described in and who executed the foregoing instrument, and ha acknowledged before me that he executed • • the sem on behalf of the corporation. MISHES5 my hand and seal this,30 de..-of)&iceti, 1904. ;;; s C srar-."3e'" t :. w Yost x;.u � a• c`.•.(`CAL).,.`!' pew"; Ids 31473yo:a . ' - •'My•cammieeion espiree:,3/36/dr ��Fa�io Yeoscritr ......e t \'' R CpZI • Uti / ' '\ --7..)-j' \-AV\(\ ( . \71.:______:,,,, I, 1 ^ TN/-: CIRC. r • cLr OWN 1 9B 60!90018 DOM i9 Mdi90G ISI 901230 ON.LWA COUNTY *ECOlibte 0R BOOK PAGE QUIT-CLAM corm TE1S OVXT-CLAIM Oren, executed this r�L�a�lutsJday of i iteggir Iffh by and between DOM.=p'AGOatINO, }Iltttl0 VOCIEARD, RE �--p AM =', AND ROSSVOCIOANO, A PIAnIDA GENERAL PARTNERSHIP ()Innarty), to AVATAR VTtLITfEE, INC. Or ?LORIDA, A DRLARARZ ' T— '--CORPORATION [Second Party),vnnao address la pdherrvor woad herein, the term. 'rirot Party Rod aaaeond Party' shall include singular and plural, heirs, loyal rspreuntativen and euigne of individual., and the succennora and ,•nnigna of corporetiuna, wherever the Cent.Mt art adaitO or rrqui real IMALI1rrN. That the Bald runt Party, for and in conaidaratiaa of the sum of/10.00 to hoed paid by the paid Socond /arty, the roe-rapt whereof !a hereby ackowlodgsd, doe. hereby remise, release rod gait-rlaie onto the raid Snood parry forever, all the right, title, lataraat, vitae and deed which the said ?!rat Party has in and to the fallowing dearribed lot, pie pleno or boreal or land, niteota, lyl n the County of Collier, State of Florida, to-vlt 'ER Co bas attached ` g L. 40, TOO/TIMM vl s`.. mot forth is Soh,- t TO NAV! TO • the ram, together wit Ii add einguiar the apportan.,• s t . . .aging or it, ■nyw a appertalntng, and all thea ate, r1 , till •a Ilan, ity and claim whntooevor of tha aid " Part . pit--r In law or agiu ty, to the only p -•-r , benefit 1f of he meid',eeeobd Party ?crayon7,t fR •R) i— f, t s!d I /Wed end ...lad theme pro V , •t•++'' viflttcp. mel et _ . ••. .:, u'xy0 vocI- IALv 9N7, too me kiltn I •, Ali SFA CadraL OP Yythas 1 .to •V"' , GVnere ✓�, vat b •1 authority 1 lnarshtp I/IL C1•`� 1, delaMete P.arelvad --- .Q On Onto l Stomp Tor Ldiiar County.Flortdo Wil'niJ.Recgan,C rk• tD.G AVATAR mebtyr 81lteloa1MaMC. 1• 9 6 00 {31 001231 OR BOOK PACE WWI OV PLOIIDA cowry ar cuusnM BaPSBY COMTISM that on this day, Ettore at, ac officer Ally authorised in the State and County a(oreaeld to take ►etnawledgmenta, peroonelly appeared PON@7IC O'AGOST(NO, General Partner of D00e11C D'Agoatino, Mario Vnclsano, Bnlvatore Portant, and Pobert Vodiaeno, a riorida General Partnership, vit.). full authority to bind the partnership, to Me known to be the parson deecribod in and vho executed the foreoo(ng instrument, and he acknowledged before me that he executed ,he vane. MSTMBBB ty hank and official meal in the state and County ■feranld, thea _2L_day of ,'•-•• , 1n3. Rotary P1tgIc State of Florida 1siAL1 0y Ceasisaion expires, .,: N.,+s• liiirr Thai i(uttitaktbt vaa preperee tion furalabed fly the parties TDch{tfSlt,p 3r♦gal opinion or title exam tit+n al' t lJ \ 0x0510,T. - ,� • Monaco, Cardillo, At t Volpe 3550 South TanigAi I Meplea, Florida, 339 7 (liC 0 AY CIRC L 98 •• norlaed 2/LZfas co Cu g cs r � r ZAH11117'A' A portel of land In Collier County, Fioridn, being a part of the plot of Troct A of Geldtn Gate Unit 9, Part 11. at recorded In Plot look 9 at neat 111 Of coQ the Public **cores of fou ler County, f1nr1d0 kolnq ..p no rt particularly dtscribrd as folic 1st a„a titanium's, at the nbrthvett corner of Int to Tract A. run 5aath along the welt hoe .m of aatd Tract A a distant*of 1334.9Y Feet; chart* roe Foot 335.31 feet to the Point of 6[ inning of the her[tn described parcel. Fro* said Paint Of ,atm run 0 01•54'23' 15 Feet: thence ro ,._ s' 43'.: or TA.. • , C a • . 04,19 as , vn N 4 ♦ dlttince of t • 9c. tb • 5 A9.44'lf" 4• dist* riot I 4,9' tett t*.once run 3 50'01'46 1f • a {sla- tech thane* run 1.0 09 , die 35 fort' thr • roo 5 45' •' 0 a di tette o 193 92 e to '0 , .4 9 eirni%•.\ i 0 f- 1•� Rs moir y It[.10 cow"'tool actin In IiiaP r,br tecoMad. + 1 • • \ l ' L 9 Eauu M p eS m• • q 7 IRIITBT LASf*1T 74 ..� Me utwat for utll4 lines 39-lett In width,being 1i foot egwllY aA arch err of the toot.r Ilse thereof,wee particularly etacrlhed oa fosses: Self llne ConneneInc it the Northeast carter of Tract a if Unit I if Golden Gate SUbdlylsion,retarded in Plat Nook 6,.t Pone 61 of the Publlt Ascends of Collier County,Florida, end thence running Hest 80.11 feet to the Point of Revlon-IN and the center lint of the easterrnt herelr described; theme tun loath 0'02' U'fear roe a p distance of 1021.01 Ines to c point;sale point help the Southerly to terninatlon or the onsetnnt h^rein drseelhM- b 0 r m cs Y UT111TI Eejr/tr_7 M easement Por arts H 119ef6y1s�y ti Unl t A het I. according to rho-Plat ChPft6r\� ed le Plat Boa 9e!' ,Ile of the tuella Records or 41l fee Coo,C11;IP de more oarticalerly Oiaasr.facl.ea fatless; A style of end 3' feet In sidth, Mine IS feet eailtl1Iy ph each side of the center Ilea of, a • s. amen (tarn[{ at the Southeast corner of let , 111 •• of sold Inart 2 of'601,1411.fats Sabdltls n:a d thence run• 8e'•19 21'Elif'alnn9`into taseeen cent. re • • s the Point of Essuel tern 1 .• 4,,deme Tihee. • r1JE c'INk - 9 B Q(05G6&2 I905DEC 31 fHD`49 0 0 2 4 f 002343 CoILIEA COUNTY REcoro fl OR ROOK PAGE QUIT CLAIM DEED PECG THIS DEED kr made ttda ?/ any oI _,,,��,�,y .t" ,10 g4 t belga., o DOMINIC D'A003TIH0 and SALVATORE FORLAN1,hrdhtdualty and ex general Univers PA* of Golden Oat*Inn,n Florida general perto*rehip(sometimee also known as Golden Oats inn sod County Club),talkatively referred to es"Branton•,and ROBERT VOCL3At1O and MARIO VOCIRANO, a Florida general partnership known ea Oolden Gate inn, the eriMaaa. 4100 rgahthuWre PARI t4Y.,mutts, IL. 33999 The grantors,in condderati ,of iters was of ten Dollar($10.00),end other good and rumble considerations paid by the grantees to the grantors,the receipt of which 5 hereby tekrnwledged,hereby convey to greotw,the reel property in Collier County, PLerlde 600ribed en Exhibit W. To have and to hold the same, together with all of the hereditaments end appurtenances thereunto belonging or In awake appertaining, to the grantees, and grantees.helrs,euooeoore and assigns,_ Tide property la not the.( wamCM16 of the grantor or of any of tie perineal /, ti ' WIi T i t • f/S f . - iOI(INIC D'AGOSTINO psc,Md f r�21 __�Mcwvtentnry Slurp Taj( Received$ ,�/,4/7/46.- Cbs'C Wotan/We STATE OF FLORIDA / Persamt P.opedyTea COUNTY OP COLLIER COWER NTY CLE C b S Q,4(/ I ORRERY CERTIFY that en this de§3,Y • O.C. the State and County named above to take acknowledgments, personally appeared Dominic D'Agostt o ere General Partner to me)crown to be the person described it grantor in and who executed the foregoing Quit Claim Steed and acknowledged before me that said person asaouted that Quit claim Deed. WITNESS my hand tend afield seat In the County and State Let aforesaid thle ..g/ dry of y 1,eZf,im , NOTARY UD My Commlatcrt Expires: war taatra PAW nr attm M.iv.en.IOU ORO +31 •r,wam 9B a s usllateoaa y.. 001241 002344 OR BOOK PAGE STATE OP FLORIDA COWflT OP COLDER 1 HEREBY C$RTIPY that on ads day,batons me,a Notary Public duly authorized In the State end County named above to take eekhowledgmmta, personally appeared Salvatore Foment as General Partner,to me known to be the person described as grantor la and Who assented the foregoing Quit Claim Deed and acknowledged before me that said pefeon executed Viet Quit Claim Deed. WITNESS my heed end official Feel In the Cetmty fad State test aforesaid this 3! day or )ed arse* ,LU . M5S2V 11 . „Olt(ink' My Cammmlon Eapltes: {. ir' fres.Hiatt tuft r(Inlay if tn+aaa„tVr4«L 3.�.j aarm " .. a, • • • 1 •i \!,Ir• TOR/veb1476 98 "sewn 40I241 002345 OR BOOK PAGE armor•A- Block 1,GOLDEN GATE,Unit No.1,as recorded bt Plat Bonk 5, Page 82,Public Records of Collier County,Florida;and Tracts A end B,GOLDEN GATE,Unit No.1,as recorded in Plat Book 5, Page 62, Public Records oI Collier County, Florida; end Tract A, GOLDEN GATE, Vitt 9, an i, as recorded in Plat Book 5, Pages 147-151,Public Records of Collier County,Florida;and Treat A,GOLDEN GATE,Unit 8, Pot 2,an recorded In Plat Book 9,Page 107-A through 112, Mlle Records of Collier County,Florida]Ll?SS that certain parcel previously conveyed le Gulf Communicators,inc.,by warranty deed dated June 18, 1873, and recorded tt O.R. Book 538,Pages 353-355,Public Records of Collier County, Florida; AND ALSO LESS that eartale parcel previously conveyed to GAC UtWflae, Inc.,by warranty deeds dated January I,1973,and Nay I,1974,and recorded et Oat,Book 130, Pages 910-918, and at 0.1. Book 599, Page 7s0, respectively,Public Records of Collier County,Florida;AND ALSO LESS that aertaln purest previously conveyed to Avatar Utilities,Inc.or Florida by quit clam dad doted February 25,1986 and recorded at 0.R.Book 1131,Face 1230 Public Records of Cower County,Florida. r21 sr�. i'c j,.c., I CIV, TG1i//vah1427 o stratta " 9 B alai. 1 oTILITI aASPOOrt ,j'.5° SA Ta mown Lada this 13th day of raaoary, 1007, tc.o., Avatar Properties Iac., 101 Alhaabra Clrela, Coral Dables,- M Florida 37131, as the first party, and Avatar Utilities Zoo, of % I Florida, its' rocoe.aor and eawiOne. as the wooed party. o §3o re NItl1Aa1Y8r That the first party, for and to c Co „V co aidacation of the acs of $10.00 and other valuable Co sn oonsidsratiooa paid by the second party, receipt of which is hereby aeknoriedged, hereby grants unto the ascend party, its' successors and aasipas, a neo-emalneive immanent, llc■nae and rr privilege to anter upon, and to install and maintain utility ca m fau cilLtlon the following daeetibed lends being located in C c Co111ar County, Tlorida, to witi -n c 10 feet along the south aids of Lot It of '•'. a Slack 291 in Colt 8-Part 2, Golden Onto, 171 w ori e subdivision of portions of Sections 22 ■ 27, Trp. 499., ego. 168., Collier County, Florida, al reecrdad in Plat book B, Tags 111, Collier County, Florida. 9ISft0IaO k `far t_(0dr�'x�\e right mod privilege to tea the land coJtg/ rfoys with the ai\sement herein granted for all purpow not i'n ecairie secelp9\.arty'a aaa, occupation or oxo qt IN SIThI$ ai r parkins bays caved !YJ Finese prasenta to\3 '`executed thin k6t�h ` ' of Jammu", 1007, A.D. O e- c 771 \ �1JJ/v 5 THESa89t 2-ilt 6.! OPIB2ISfie. C. i CIp` • e. i i�.4,11":.ii.- DV/a, . . . i �,'l. �,� .�o alp, jI / [z•cntive Vice Vr sLdaet �..� �.. a-.,. Attaat . i4 1 to I. Kerrigan v Secretary dtata of Florida `r ,County of Dads w iS Oa thin 16th day of January, 1997, before on v o knownotolbeatheaF.recutive VicePraaidaat Jandd Seuretaryrrlyan. renpactivaly, of Avatar Propert_i(enn Inc. NbTXKY 1401, j Gy FLORIDA AT WAGS This Iastruwat Prepared $ye saw row;tut[a uses rce miss uU a to.we+ tett,'LC•J"2,.]ra',::.:,^',is tree ,..voi CO.r,J.81,l1a.�..::,w:.•.1•.:; w.:, +s..'^'°' 'r' 4 MALA! PRePeR TIt . 98 !® I 1 " • FPDAYlt �27 Ntu'21 _ '{ • �i gg recoeaen. 1 m ' 2, Dennis"a.� efman Yafter being duly sworn do depose and lay t'.1 0 • that, .CD. N 1. I am over tha age of 21 years' p •.",r O6 Q o x Yy, 2. I presently reside at 7545 a.w. 163rd Street, Miami, slpl' Florida, o - p 3. I am an attorney licensed to practice in the State of SBL Florida and em presently in good standing with The Florida Bar; . 4. I am a member of the Board of Directors of Florida Cities n Water Company, a Florida corporation, and cm elan the General U.; Counsel Inc said corporation; cm a ai.4 d 5. I am a Notary Public of the State of Florida and my D w 1 :u commission expires February 17, 1989; Gy `S dd rn 11 6. Articles of Merger were filed on March 17, 1987 with the c 42.1d Florida Department of State, merging Avatar Utilities Inc. of 8 •a Florida into Florida Cities Water Company and said merger was m t 1 authorised by the State of Florida on March 26, 19871 Jb"•�:.i 1 7. As a Notary Public, I hereby certify that the attached copy of the certification dated March 20, 1987 of George us Firestone, the Florida Secretary of State, is a true and correct se i copy of the original document which is maintained in the corporate aminute book of Florida Cities Water Company) and m c.s a. 8. To the beat of my knowledge and belief, the above are cm true and correct. --13enth J4 itint 0.,14_)'s• 2fri ---e D nn a J. �dn 1.+J Id 7 a . . - —.-- • w3.1• • .tame, oat t r.‘tmindn.nlilar4,10 en Da F. STATE DF FLORIDA ) '6, y�ira.s•'a07 m*4�n "1' / COUNTY OF DADS ) ai,,,A.:am,ra.wSlni ..tip? ;n'st I HEREBY CERTIFY that on this date, la£ore me, an officer 8 m duly authorized in the State and County aforesaid to take a. acknowledgments personally appeared DENNIS J. GETMAN, well known w 201 to mma to be on the Board of Directors of Florida Cities Water Company and that he acknowledged executing this instrument freely a and voluntarily under authority duly vaated in him by said , .. corporation and that the seal affixed thereto is the tree , • Wcorporate seal of said corporation. ,fl WITNESS my hand And official/�/��//¢¢q�a�e�a].�in the Cuonty and State Fut aforesaid this�'� day of V J 1987. . �a (A`� SSE 'E ND7AAY USLIC 8 E O PI,OAIDA AT LARGE auto Tialt soft e« ml My Commission Expires: Nem Rai+in.° 11,1 i_ • • J ) { t 9 B ® , 111 =". Exhibit A • CD C7 BAREFOOT BAY O D 1, Cot No. 6 in Block BO in Unit 2 Part 10, of Barefoot Bay, a subdivision dccording to the Plat thereof recorded in the Public Records of Brevard County, Florida, in Plat Book 22, Pogo 100. 2. Tract 39, in Block 142 in Unit 2, part 10, of Barefoot Bay, a subdivision, according to the Plat thereof recorded in the Public Records of Brevard County, Florida, 1n Plat.Bdok 22, Page 113. o 0 3. Tract 0, Unit 2, Part 11, Barefoot Bay according to Plat "t5 N thereof recorded in Plat Book 22, Page 119 of the Public G'7 -- Records of Brovard County, Florida. 171 04 4. A portion of Government Lot 2 of Franction al Section 11, Township 30 South, Range 31 Fast; more particularly described as follows: Beginning at a point on the west line of said Section 11, said paint being South 0°914" East, 429.42' from the West}corner of said Section 11; running thence South 0°09'34" East, 56;0'; Thence North 09°5025°,East, 50.0'; thence Korth 0°09'34" West, 56.0'; thence South 99°50'26° West, 50.0' to the pain t of beginning. Containing 0.06 of an acre, more of lass, and being 1n Brevard County, Florida. 5. That portion of Tract F in Unit 2, Part10, Barefoot Bay according to Plat thereof recorded in Plat Book 22, Page 112 of the Public Records of Brevard County, Florida Beginning at a point on the West line of the S.E. i of N.W. 1, Set. 9. Township 30 South, Range 36 East; said point being N 00°29'39"0, 150.01 feet from the Southwest corner of the Southeast 4 of the Northwest 3 of said Section 9; running thence N 00.29'39"W. 975.03 feet along-the West line of said Southeast 1 of the Northwest t of Section 9; thence 5 89°49'31" E. 521.13 feet; thence S 00°10'29'W, 800.00 feat; thence S 89°49'31° E. 162.00 feat to the Southwest corner of Lot 1, Block 47 of the aforementioned Barefoot Bay: • thence S 00°10'29" W. 175.00 feat to the Southwest corner of Lot 1, Block SO of the aforementioned Barefoot Bay; therce N 09.40'31° W. 671.75 Feat to the point:of beginnIBng. 6. Lot No. 14, in Block 44, in Unit 2, Part 10, of Barefoot Bay, a subdivision according to the Plat thereof recorded in the Public. Records of Brovard County, Florida in Plat Book 22, Page 10¢. ?P,ACEI roEh.t:.. 2800 1314 1 96 001270 .00z13z . OR• BOOK PAGE • • • Exhibit A GOLDEN SATS, 1. All of Block 257 Unit 7 Golden Gate a subdivision according to Plat thereof recorded in Plat Book 5, Piga 139 of the Public Records of Collier County, Florida. • 2. Lots 1 through 8 inclusive, of Block 258, Unit 7 of Golden Gate, according to the Plat thereof, as same is recorded in Plat Book 5, at Pege 139, Sheet 5 of 12,'of the Public Records of Collier County. 3. All of Block 255, Unit 7 of Golden Site, according to the Plot thereof, as same is recorded in Plat Book 5, at Page 139, Sheet 5 of 12, of the Public Records of Collier County, Florida. 4. A parcel of lend in Collier County, Florida, oiling e part of the plat of Tract A of Golden GateUnit 8, Part 1I, as recorded in Plat Book 9 at page 111 of the Public Records of Collier County, Florida being morel particularly described as follows: Commencing at the northwest corner of Tract F, run South along the west line of said Tract A a distance of 1134.27 feet; thence run East 336.31 feet to the Point of Beginning of thr heath described parcel. From said Point of Beginning ran H B9°54'21` E a distance of 331.15 Feeti thence run N 00°03'03' E a distance • of 75.04 feet; thence run H 23°43'43' E a distance of 104.18 feet; thence run H 47°07'42" V a distance of 196,55 feat; thence run S 89°44'55" V a distance of 184.50 feet; thence run S 50.09'46° V a distance of 14.20 foot; thence run S 11°04'09" H a distance of 113.36 feet; thence run S 03°45'3C' H a distance of 183.92 feet to the Point of Beginning. .5. the South 35' of the Wont 35' of Lot 1, Block 59, Unit 2, ¢giden Gat., according to plat thereof recorded in Plat Book 7, linage 61, of the Public Records of Collier County, Florida. 9 8 .. ,. .... . . ,r :J r,, ,in Hr ,Is. ti•..:a,Py;l.,'�7.•b!i. �L• 't; :ri'Tt;-:17 Tr, 3 ,� o , f � _ 11131Depurimrnl of&iair1�P Its 001270 002133 ate it OP,BOOK PAGE i ii. I certify the attached is a true and correct copy of Articles of > ,ii' m girth 31 {}.t Merger, filedrth 11, 1917,rarer AVATAR VPTLITL S INC. OF FLORIDA, a Delaware corporation, which is authorised to `at. ,, siiii transact business in the State of Florida, into FLORIDA CITIES 4i_ xr RATER GAMY, the surviving Florida corporation, as shown by ? 1);; Ali: the records of this office. +i The document nudrer for the surviving corporatimr is 291141. DJ:, s - 4 1 llt !; 1.) €iri ``_ M What inp Ilnnb esb tl)e , arsestest dt ttja att offlortba. fi t " b :Jt, -+'a ataallaknhtt,tbr&atat.ltli it . 20th bPe[ March 1489. 411 ,4.1,11,11,[ f, 4:7. ,r--#, r,� J {R• great laaet �tcrtiarp at elate •R\ • � Tii C..1' .1, 1-',e'"-- :-r•t'i f.'x 7,5"s",77,."1,f.-•`t."• �� ,i,fYR 1,.., .., •, ...,, ,i ., 2000 b3I5 — • e, I 913 . ii._ , , �,\ t r RWO/SIO/TWO/ER $x0 676-ER 4-540 • / 4` / 1 a Sec, 27 Twp 49 ,S,ha 26 E r r - ' ' 71E' #1 Prepared by: Tnn . G. /Seett a�. CA PRM il EPL staples, Fl. 33940 EASEMENT eat 0tH: "f run nn teaa..m a...wa. IN1_� Sheet eet l of 2 '^`The understated,hi consideration of the payment or 51.00 and other good end valuable considora-tf Hon,the adequacy and receipt of which Is herebyactnowledged,grant'Ind she In Florida Power l' Light Company,its accepts,agents,successors,and assigns,an casement(eraser fat the construe. cv lion,operation and maintenance of overhead and underground electric utility fieliitlea(including — wires,poles,guys,cables,conduit"and appurtenant equipment)to by imbibed from liens to time, with the right to reconstruct,improve,and to,enlarge,changs the voltag.:,as well as,the the of and - Demon such facilit(et or tiny of them within us easrmcn 10(int le width described at follows: o egic ca ecce sa O a Ar shown m FPL`S Sheet 2 dated 2-26-09 necked ` +a' Exhibit eA" attached hereto and nede a siert hereof. in the event that thia easement is no Songot used or required for the purpose it. is intended It shall revert back to its former statue. ccr j._occe-4.11� 1....—: t't.m ; 'C^r rterMtct;i• tila ti, re COLL uNIY CLEF,'(11 tt ,'_ \T1'\\ ca ie • \ f1 w r. I ',' Together with the right to parfait`�dy� ! nxlirm�r€onleratton to attach rises to any facilities hereunder end lay ciFfe'.anti condu I withitatie tsealt 'red to operate the pmt for communications purposes;the 1411t of ingress and eegbes I e spi rmisns at all time;the right • to Um the land and keep ll e( d of all trees,undelgtoafli.vn other obstructions within the essemeot area;to trim anal castarld p trimmed and c ail-Veld,weak,leaning or dangerous trees or limbo outside of the case et a which i r cue with or fall upon the lints or systems of communication§or power tt fdllaiq�*p¢Alo, blttion;and further grants,to the filthnd est extant the aetslgned has the powed'te-''grY o it al ell,the rf,hts hereinabove panted on the bind heretofore described,over,along,under sod serim the roads,struts or highways ad- Joining or through old property. IN WITNESS WHEREOF,the undersigned hat algned tied ,/led this Instrument on , 1gd..f Signed,sealed sod denKred in the presence of: /fes�J t r! Atilt ice.,f. r r r, By C• •on Gat' Inn/Rchert 4oci lona /(1' J Ovivur laJf\ Attest: Secretary (Corp.Scall STATE OF C1ar/d7,4 AND COUNTY OF ('o fit ex- t The foregoing Mani/Dent was ectaowledged before are this .23 r' day of/11,A1M'!9 _.I pjfir by —end , respectively the ektMurrom Ecrsidettt sod Sessatasynrf"" ,a corporation,ran behalf orsaid cerporalton. fltrY2). O4rdJilti i My Commission Expire': N Public, of trier trout stair Q!LIMN , '•.I ' as eamtsorea lar,CI Ants , 9B 0I434 a0D239 OR BOOK PAGE • • avert 1 nt 2 1-29-09 raintrr'10 Electric Utility Eeaemeat to be Granted by Golden Gale Golf Course to Maid'Power and Llghl Sale easement to be located on; A PARCEL OF LAND IN COLLIER COUNTY. FLORIDA,BEING A PART OF THE PLAT OF TRACT'A'OF GOLDEN GATE UNIT I, PART II,AS RECORDED IN PLAT BOOK 9 AT PAGE III OF THE PUBLIC RECORDS OP COLLIER COUNTY, FLORIDA BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: COMMENCING AT THE NORTH L(IRNER-OI fRAt,Tti A',RUN SOUTH ALONG THE WEST LINE OF SAID TRACT.''A"A DISTANCE OF'1334.27 FEET:THENCE RUN EAST 336.3I FEET TO THE SOUTRWEST•PROPERTY CORE R OP,FLORIDA CITIES WATER COMPANY'S GOLDEN GATE TRENMEN'TPLRNT'LAND' ITE FROM SAID POINT OR PROPERTY CORNER,RUN NSA°5 j 7�I"£•A SNSTA,I> 331.15 PEEr;THENCE RUN N00009'03"B A DISTANCE DF 75.120 PE$'f;!14i_N E Ht7PYN}10°99'03`E A DISTANCE OF 104.)5 PEST:THENCE R(3NN439D7;,4Y_�V.A�IiSTAHCEOF:1400FEET;TOTHEPOINT OP BEGINNING(P.0.13.)bP THE'HERGTN D5,.. S RIBED E-ASEM£NT. FROM SAID POINT OP B GINNING RUN N4205t t8; DISTANCE OF 10.0 FEET; TAME N4700742"W A 17TSTANCE OF 0.0 PERT;'OrS42°12'18"W A DISTANCE OP 10.0 FEET;THENCE S47�42'fE.A_ISTJ{'1;{C .0 FEET TO THE POINT OF BEGINNING (P.O.E.). :(; '; . • +' Ntc1AR OOLUEP lA e°y FBs. :..... 9 B AGREEMI1rrcT TO PURCHASE AN EASEMENT Robert&Mario Voebmo dlNi SELLER: atidstagthimaLCABEfarjob HUTS Mold=Creel Q+cwcl ADDRESS 4100 Golden tante Parkway ADDRESS: 4337 Swif$pa 4 Intra 100 Florida 13999 Tektites F 941-413-10 10 T $ trMe T1231 01 _ akphmsd M1-925-3011 UPON THE ACCEPTANCE OP THE OFFER.(OR COUNTEROFFER)the Seller has agreed to sell and buy UPON THE TEAMS AND CCNDMONS WHICH FOLLOW,the rod property legally dtaeaihed e: Aa noir dura,20 loot wide,permanent utility awed open 155 meet of preporty described In the Moment Grant attached hereto mud tede a part of tkb Agreement by reference.The tronas! hereafter referral ton tis"Anal property The purchase prise b alleged to tui temperty only nobs al6.etrion staled 1, PURCHASE PRICE.;The total purchase price shalt be I .21.11114(0—. (US.)Payable as relwtn: (a)initial deposit In arrow al thin time of f (b)additional tkposkto be received be escrow on or before drys dtw Effrodse Dabs as defined below In dm m n end of (c)preceeds of monger.,if any,[See Per 3(b)] (d)note and mortgage en Seller.if any,(Sea Per 3(a)) S (e)mortgage assumption,Early,subject en normal amortisation, crape:calorutty]SasPar 3(.) s (I)the balance of the purchase prim by local certified cheek.wk.trnrdef handl en 100l cashier's check el closing,wbjeci to ad aehnam and proration of approtioukty, I Deposit checks ere accepted subject to aolleuit n. 2. CLOSING AND POSSESSION DATE:Ctoshtg shall serer at is time of day end pima in Collier Canny,far CK County le which the property Is loco d,selected by the Buyer bet upon rm.ivi 4'M motkn to toe sow.on .149E(or prior to the date with the written content of both pert aXthe"Closing Dets"); 3. METHOD OF PAYMENTIPINAN(SNG:(s)(X)Beyer will pay emh,wYh no meregage atmmb ones may. 4. EVIDENCE OP MIR:Within 30&rye alter the Meths Daae es 20 this prim to closing,Mitchem b either,Sett r shell deliver to Buyer a commhmeet Wide from a company satisfactory to Buyer,certified to the date of Rd'nerd The eo¢mmhmant will show good and tmmkmrble title with legal amain eaktimet only m the fo0owbq 'Everted dale exeapdee•(a)real property ad valavn taus Fa the yew adoring;(b)main({,bo0dlag coda end Moor sew saaiedam Imposed by governmental authority;0 outstanding oit,gra and mineral batter of sword.if mty;ad(d) taontrr{am sed mamma mteom=to the subdivision,provided,however donne as of teat hell paeveat tote of Cao • property far the purpose am May aminmt Boyer ABU be responsible far mama ger such mmmlmmU„ 5. CONDmON OF PROPERTY,RISK OF I OSc WARRANTY:Thee in oro eh a khowa to Mir matetdy aflhe eg cher value of the ural property*Web et not readily observable by Buyer or vides have eat bean d&M ooed to Boyer to Boyer ether than Bayer ion Men made .win test Buyer hes the right to have condoled Independeal inrysdknr disclosing rite condition oldie property and has born afforded the opportunity to require certain fmpeedo n ata condition of this fids Cmlge.Buyer Mama ter ebas(Oar(2)(I)(X)wain+Inspections otherChet limpectlms a provided in this paragraph and rely upon the condition of she property based upon Buyer's awn eaunhsstoe,orgy()Buyer conditions this contract upon lrspecrica provisions in tnd0oed in dee.Imnied inspection Addendmis.IF NO BOX IS CHECKED(I)SHALL,BE DEEMED TO APPLY. Wks dull mime&the property in ha present condition,adbeuey wear sad err mtcepted,included but not limited to Is bon,shmhbey and landscaping,Any felsoe loss and/or damage to property between the date of this offer end dde of closing or dam of possession,whichever occurs fust,shall be at Sella',soh tits std aroma.So0e'M0 mieLlo e,L.p oe.-casualty insurance on all improvements until dsbmrma t. 6. SELLER'S INSTRUMENTS AND EXPENSES:Buyer shall pay for and provide what epplisble including my pate sales lax due thereon:(a)the etmtmkmmc the;l e)a=mat U.C.C.anaoebnore search;(c)prrpsratlon of enm&Qy wuranty deed(cc special warranty deed ICSetler is a fiduciary),bill drab with Ml warranties,homeowner exemlatIon estoppel letter,Wont estoppel kion,copies Mimes and essignman(r)of tasse(s)and en affidavit regarding Oe possession.end withholding under PERPTA,in a form efficient to allow"yap"coverage by title insurance;(d) mortgage payoff informs/don(e)doetnnenhhy amps at deet!:( seller shalt pay ler and provide when applicable Inemding any male arra hue dna drawn:(g)ta01Zy awoke se the closing date,the loll.moms of special texas or arrewerestr,including homeowner',special assessment,Aids are a Om or gamed aacsument that Is certain n se Ira Madly of the Bata or asmu0or,the property subject to the Tien or special mwseatent and the*mown o f the lien or menial assessment,onorbefore the EffectiveDateofthis contract(h)Srilant ebammyfesl(I)a7mnwymQalted l (1144440.0.4., low arlItVerslo - 9B taro Wks by law. 7. BUYER'S INSTRUMENTS AND IDEPIDISSR Buyer s atl pay for and provide whet applicable including +my Wks tab to dao metas¢(a)tesading the fir deed;b)the her mace(s)recording membership approval;(d) abstract anar f6atke or tido coatheatim d m igh dote or deed eenwdat(a)Survey;(I)pteoloaleg notice to utithy suppliers;(g)pending Baas s coda etasalbma(hens at epactal attoosmb other than than dsibed in subparagraph 6(g)hereof)_la the even It is determined there me pending Her or special amostmms not disclosed in writing to Buyer by Seller,poor to or concent with the execution of this contract which pending Bou or special as Mete exceed 2%of the pine price of the property,Buyer,t he option shell have the right to laminate this -by providing Seiler wait eo cotta,mien Seller egress la writing to ply soda pending fes or special ea:snero a exam 0'2%of the pmshme price,Seller agrees to pay Into maw I reasonable cum to tonere that the costa wilt ha paid at dodos. Le the areal CS contact is terminated err am note pie:b do•6tg, Bayeobeli i unalletely return to Seller surveys,lite evidence,and enoodution and the info®ht,tebidt hove tam provided to Buyer by Seller. I. FRORAT7ON9 AND SPECIAL t Tete henna will be prorated ei closing,who the Bays ohegr,i with tad sodded to the dosing datd,or the possession doth,which aver that occas(a)real estate endpoints] property taxa bused co diva current year(if available),otherwise on the plierytu's bill(without discount)end readjusted upon receipt of tax bill If coquetted by tido:party;(b)interest on erer esstned indebtedness;(e)lessanor,mks Boyer elects It pmehesa sew Innnence;(d)rent and deposits(and soured Wove thereat 9. P1LCC ,El)S Of SALE AND D ISBUASE/dPM PSO DURE:If a portico of the pmd.ae pries is to be dwfiad Rose htadtti®1 fsundeg,the tequhentenn,of the lending ImAmdon est place,thee of day,meddle=for dosing,met for disburse-nest of se algegr proaee to atoll control. However,the Seller thud have the right to require frmtt the lending institution at closing a care retort at dwt the lender witi not withhold disbursement of mongegeproceeds as a remit of ony title defect attributable to Buymmongagor.Doles betltuttoad procedures act fords above control, the Seller shall be entitled to receive the net proceeds of sale cpm trader of Seller's instrument'to stoahq, 10.1 TTLE DEFECTS:Btgmalsll have 13 days than r theipt ataridetne ottbo for ecwpdmidon sada emareble time G.atonias of legal state,If title or legal occan is found defective Beyer shall within such time period,notify Seller hurdlingapecifyang the defrcn(s).((the defects)rander(s)tllo unmarketable.or Seller cmmot deliver possession, or there is on arm per this Menet,the Sella shall have 30 days from the receipt of notice to remove ouch defogs), Seller tiros that Saler will,if Sega=toe deliver perusal on,or Seller las on arm or tido V found to be defective, use diligent error to correct the defect(o)within the time provided therefor,including doe bringing of nmasery suite. Buysrslush have the option of acoepthtg oath possession,mess end title as Sege®provide without reduction of to purdusse price,or of demanding a refund of oil monies paid hereunder,cod upon demand the monies Full be promptly rearmed to Buyer.Upon such demend and repayment the Buyer and Seller shall be released,as to are another,oral! obligator under this contract 11.SURVEY:Buyer may,at Buyer's expense,havethe real property surveyed so es not to delay the closing.If Pr survey.es certified by a registered Florida mrveyce,cam*shows(a)en encroachment onto the property,(b)an Impueaamst honied on the property projects onto soda of others;(a)en Improvement violate a zoning or other rovavmmtel ma paorietiotl or(d)m improvement violate toy traded,or Sales Contract covertant,Buyer will promptly notify the Seller be writing of the violation,enaoermunatt or projection and Bdhw shall hest It ata tide defect. irony portion of this teal property ides seaward ofthe Coastal Caranuetloe Control Ldns,a defined in Section 161.013 P.S.,the Buyer waives the right toreteivesaaffidavit ortmveyBon Sellerdelineating the Coastal Construction Control Lore located on the property. 12.FUNDS ESCROW?The undersigned meow ugmt(the"metered)will accept la esaaw the deposit monies provided in the centred and bold Ind apply the depesit(s)b maw until the earlier oIl(a)delivery for closing to mother awwee,wile by eee4Pb e.sped to these ter and beoomet the vows.(the seat estate broker holding fe deposit(:)ie sutooriad to so hooafar da fluke),and the delivering acm.voe b relieved of all liability for the Rends delivered,(b)delivery of the deed,with payment of the deposit monies as put of the purchase print of the property;(e such time as the Buyer may be entitled to a rested of to deposit(s);or(d)delivery pursuant toe direction sighed by the porde[,et which Limo the escrowee shall pay all of the deposilts)to cite party entitled thereto. The rmnwee sit eat with respect to the deposit(s)us attskdholder oily end*shootastpra>dort'ilio avewes stoat not be liable for the payment of my fmaasi,damages,motley fees or eeae nem In any tetlere that may be brought eo recover the monies held in meow,or any pert thereof,unless the seawvee tall fall or refuse to pay aver any such deposits)pursuant to a judgment,order or deem that doll ha fad heyced possibility of appeal.In coy proceeding which litigates the disposition eine deporlt(s)the escrow*shell be entitled to be paid reasonable=natty feet and coos which Mall be paid by the oon-preveilfag party. The narnveebas aro duty to collect or enemata collect any deposit or check given m a deposit but shell give the parties written nada of(1)any deposit that Is not received within 5 days ager its due dere,and(2)any check to em initial deposit which is not paid on paaoation within S days after leaning of la dL Moor.Upon receipt of separate wrttm directions Bun the Boyer,the doped(,)sell ba placed into tt interest boring taount(hart an insured accred is not moulted)and all interest seeming thereon shall be paid to the Buyer,to my evert If the reerowee La a li®sad nal agate broker,the ewawee stall comply with dee moult=art s of Chapin 475 F.S.An wereeee ehtrghg so escrow 2 tsnlaSso4ram 98 he shall be liable fen mdbry eargilgamee.Aa aurora not charging en®w he than he liable only For wi1Ed mbaooacu or gram negligence. 17.POREMON INVBSn.tEYmN REAL PROPERTY TAX ACT(FIRPTAk Sellers who ern U.S,d loots trades as thalami dicta are=uplift=dth stltholdTog.Buyer shall collect from the Sella.or deduct and withhold Roth to purchase price,a tan as the Sailer email to I l%otthe purcbue price unless the Saar Mall satisfy Buyer dada eteodmy exemption relieves Buyer Gem rush collection by furnishing to Boyer m affidavit*high esssablluroa entomb=to Buyer's saystatibn mid indemnifies Buyer far not collecting the pat.Seller shall not be inquired et pay to the Buyer or allow withholding by Beyer until tiro Buyer satisfies Sol krthe tad will be properly and dimity paid Within 10 drys Met receipt,Buyer will the with end pay etch tax to the Secretary elle Treanay for tea benefit ottho Slier,sod will provide evidence of nneittanee to the Seller.The colle:hoa or withholding by Buyer,or eseh&shmeat of ser exemption by Seller,a a condition pracedamt to closing for die solo IaeMit of the Buyer.A Mime of Seller to comply or clow compilassos with the requirements of5ectioa 1445 IRC(andrrgututiens)b en event ofdafmdt ted broads of the=tract by the Salla. 14,BINDING CONTRACT AND PARTIES ADVISED TO sem LEIAL COUNSEL;THE PARTIES ARE NOT REQUIRED TO USE ANY PARTICULAR FORM OF CONTRACT.TERMS AND CONDITIONS SHOULD BE NEGOTIATED BASED UPON THE RESPECTIVE TNT'SAESES,OBJECTIVES AND BAROADIDIG POSITIONS OP ALL INTERESTED PARTIES.APPROVAL GETTER FORM BY THE COLLIER COUNTY BAR ASSOCIATION AND BOARD OP REALTORS DOES NOT CONS I TTJTE AN OPINION THAT ANY OF THE TERMS AND CONDrTlONS IN This CONTAACI'SHOULD HE ACCEPTED BY A PARTY IN A PARTICULAR TRANSACTION,THIS IS A LEGALLY BINDING CTA MACTPORRM.EACHPARTYAIXNOWLEDGESTHAT PRIOR TO SIGNING THE CONTRACT THE CLOSING EXPENSES HAVE BEEN EXPLAINED AND THAT PARTY HAS BEEN ADVISED BYTIIEREAL ESTATE BROKER OR AGENT TO SEEK LEGAL COUNSEL AND TITLE INSURANCE TO PROTECT THAT PARTY'S DRFABST IN CONNECTION WITH THE TITLE STATUS AND CLOSING OF THIS TRANSACTION. BUYER AND SELLER ARE ADVISE])TO CONSULT AN APPROPRIATE PROFESSIONAL FOR LEGAL,TAX.PROPERTY CONDITION,EIWOWNMENTAL,AND OTHER SPECIALIZED ADVISE. U.TIME OF PERFORMANCE AND REMEDIES;Thu Y of the esssaa tar does this.If Boyo doe not perform Buyer's obligations hereunder(except as moused by the Sellas d balQ all deposits made shall be paid to We Seller nliquidated damageswbkhshall beSalves exclusive remedy.IfSeller does not perfvmWWI obligations hrecunder(except es tarried by the Buyer's dettudOBuyar may enforce this canners by a wit for specific performance daanima or may elan to terminate this contrast and receive a refund of the drpmit(e), 16,LTIGATION COSTS AND ATTORNEY'S FSIs b aemection with any legal premedtog tasocanitg fhb therms,We PrevaiIlo5 party abaft be n aIl.t to rearm se eresble s anuay'a Se end rents. 17,RADON GAS DISCLOSURE I ENERGY EFFICIENCY RAMC:Peride bar imams ate folbwion dlackmosse Radon b e naturally oanering radioactive gas We who It btu aafmahmed to a building)n inlDctot quantities,may purist health cWn to persons who ere exposed to it onr time.Leeds ends get aural fbderal and ease guidelmn have been food le buildings in Florida.Addidanal Infortnatiort regarding rndao and tabu tatting may be obtained from your county public health tuft Bayer thy base the beildhag'a ecegy effiefasy eery decrees& 1I.MISCELLANEOUS:Tba parties lam agreed to dee to good Mri and to diligently Werk tumid a Shady °lasing.The singular ease abet hctuxte the Mend team.This mdnd stay only be modified in wrong by the porta., Notification to a party may be mads to the party's canary n by he pasty's attorney. 1P.PERIOD OF OFFER AND EFFECTIVE DAT sT111offananymxatrmlfe7b1ev1111adifactaooq#dmd notice of acceptance delivered to offeror or the counter other by AAUPM 1996.TM,time limit Mall apply to all offers and carate oE'ers omen atlsrwia awed,Tba Effeetha Data of this Connect Ohall be the leu dans either the Buyer or Seller slgns or initials Mb embed.Initialed changes mod be dated w the Med dein et forth en this contract shill be deemed to be the Eftbd}ve Dat.A facsimile shall be deemed to be an MgtaaL afar and oomph=by Ewdra]c b blade& 20.REPRESENTATIONS AND WARRANTIES:All cyicacntatoms and waradiien,if any,must be written lam this Sales Contract:otberwbe,tiler am nem Buyer's decision to bay was bused upon Buyer's oto investigation of the Property.Each party(Sella a Buyer)is,and til m alt,responsible for that party's performance of the obligations alba Sales Contract. 21.OTHER TERMS AND CONDI TICKS: a.Neither this Contract nor any notice of it shall be recorded[a arty public reeads.The contract dual bled and letre to the bene&B of the patties and Meir successors in interest. b.PCWC NOM to pay to Oaiiw Gee Om wen ofTbbty Pea Theeaod Doha(04,00oso)and a pmpartieata tdaisusasom 110..110/41.4112 9B oboe albs g rono=l opera ands.The proportion=slats ofptapatytaxa slue bcpayabletoGolden Ono id axons=tmai"amkenos TCWCbotch mtdomrpir,,ih,sosmmt.rn"PrInani ate Shale aftaxes IrCWC wan to pap shall by a pro-sad abac dine golf came pcnpaly tax which id leas the baud oanaga*Mc wilily aromas(1.55 was)divided by the vital ravage d the golfcoutao(cr a 167.44 scan)mvllipliod by the auxind dpnlxxtytamasthe ice scum inasty=yeaTsupp by a cow dthe epplicabtutax bill.Said tmrsshall be exehudve dam addd value than may ba assex+d tar fat=imporsmanb to aha total scrooge by Waal Oala,but tact'be indueive dray Hama ossonsomta for bninrsuotate by FCWC. a. propssotkn coontnesko in ibeRmortons is to bon*maws=Sun hoe 1,1596 22.lIIOAL SICKING,TM PARTIED RAV/ I ZVXE ZD THu manirnONAL TERM APO) CONDSTIOTB NUMBXBXD 122 ONPAGSS On TTVO,mm AND POUR OPINE CONTRACT. WATER COMPANY I. 39.109{[14 Jtaamt23.1996 SUM ►fr t, TosID.♦ Dm 11NTNA1dli Mllclilel Acoda.y._ 1 T..;neat,in -_;.A Opmtlms II / • r r�lirw f - _ rfw' • 2. aunt ratlD.f Dam —-f 3. 54-X17.774 VS/44 (4)- TotLD. Dar 1 PIONTNANE c\ea11T `/oz., Alin 4. 4 V 727_4 9pi 4l sun 'tC/l ,4414.�.r4-� TaR LD. naaJ PRINTNAME /P'1Aiijz Vn CtgAN, (Si *)iirClinyor)lrnby indicts tLa cOnteor aomalaraacr. AnknowiengtratoRaalEtttB' Doc Saar arlmivaMdgesthat isdo listing sa!oasts bailor.TLeliuyar admocdodgee that is be"ethos tad times booboo. Rmrkitdlhe &FahLtioodadirdby(]cosb a[1 .1994,tobebold inaoow per Imre are om6tinetrdkr&is tlda ersba4. (Insert Nese&aavwAgant) Ts Ody sontetimd"scat. 4 aossion°�no s.wxnae,b kko,---4e" \ lil iiit ,, '-'-H4 , II 9 \ !1 ! }4 , A •@ice t \ o t t. \k,.. j is to A t, \ 30 ri4% / A A it 110 t. i r.g. Vt , %A11\ ''Kc-',,. / A „:.. A t„ _____.,...ii ,,,,,,o t. IS / A .,. 4, , .. -to. e 1 ‘t 11 ,tx ‘ ,.% t v, 1.,.. ti, ,4 I'll\ i 14 '\ ,..., rsem"~ I' Ro11 m t ♦ ;17 A' Itk �, t, 9 B 4 ht.. 2098113 OR: 2228 PG: 1331r,I .t.at 14110i C11111 UM CC LICCLUiD Is nal:nrr:.U.a UCH=al Ctrtalt faint. is ,r.. 1:: h.0 ICU, :1 11.11 1::1:1.,.1.'ri:a:I.lac[.CUR ;Cr:1) :e.a C1tUC:1 1.Sl_.: 113C :C., EXCLUSIVE WELL,WELL PUMP AND WATER PIPELINE EASEMENT GRANT evru,•Iec: THIS INDENTURE,made and cratered Into this lr r'day of� 1996,between Robert Voaaeno and Mario Vocirano,dbr Golden Gate Inn&Country Club of 4100 Golden Gale Parkway, Napier Florida,32999,individually or es Trustee,hereinafter rcfared to as Gr nlou,and FLORIDA CITIES WATER COMPANY,41137 Swift Road,Ste 100,Sarasota,Florida,34231,a Florida Carparadon,hereinafter referred to as Grantee IV I TN ESSETII: I For and In consideration of the sum of One Dollar and other good and valuable consideration,receipt of which is hereby acknowledged,Grantor does hereby grant to the Grantee and itr successors,for its exclusive use,subject to the Craniums rights iu use the golf course under the conditions set forth herein,a n,tiOffFt2Elblitte,pcnnsmerrt easement situated in Collier County and looted sad CItscribeti,iriflown on the ettacltcd fator legal survey marked Exhibit'A' r r N. —` ,std a follows �� f 'Sas .a h-C'G. r W'T' 1'N a. . 2¢; QOT I.:-\VtI)E WATER I.1kg EApEM1rNT tit;\ '`ir I /.1 j A 1000 foot wide'trip of It ,fed in Intel"A cE tt p1 Cat.,Unit I part 2,accordia g to the plat thereof reeen1rd i lli} k 9 at page 1A?A�hhnnugh 112 end Intl"A"of Golden Gate,pals 1,according to the p .lit _ at book S at pages 60 through a a0 of Ibe politic records of Collier Cou7pug 10,00 feet either aide of the following described centerline; Canine=at the amazon corner of trot'A'of Golden Gate,unit I,according to the plat thereof recorded In plat book S al pages 60 through 64 of the public reearda of Collier County,Florida; Thence milli 00'00'I I'E,done the easterly line of said tract'A'.dr=no being the westerly right. o(.way Kae of wordy road 951,(Slate Road No 2311 Per Plat),for•distams of 89.26 feet,Thence run N 19'59'49'W fora dinance of47.09 feet to the FOD T OF 13LGINNING of the following descried centerline Thence nun S oo'0011'W,parallel with the westerly right-of-way One of said County Road 931,for a distance,of90I 29 feet, nonce run N 111'4510"W for t distence of 545 15 feet. Thence run N 79'12'03'W for a dialanee of 950,4$feet, Thence run S 63'2976'W fora distance of 362 Ti fat, Thence run N 77'3T31'W for a distance or 117.96 feet, 11 Thence run N 00.0703'E for a diatoms of 197.40 feet, llance run N 23'43'43`E fora&stance of 102.09 feel to the end of the herein described centerline, contelning 135 acres,more or less. 2 Grantee and its aucceuan are granted the might,privilege,and authority W construct, replace,renew and maintain wcll(a),wed pumps(s)and writer line(s)together with rime:1ary 1 awmarrmnger 9B waxsrions,valves,and other appunmanees,to be located on,under,scram and through the above described property with the additional right,privilege and authority to remove,replace and repair said facilities end to trim end remove routs,shrubs,bushes and plants which effect the operation orsaid water Ione or facilities Said fkd>fties arc to be totaled under ground ifthey are on lite ninety and, with the exception of the wcllpadls)and power source,in tiro rough uca immediately adjaeent to the fairway co as not to unreasonably interfere with the use attic properly as a golf course. 3 During construction,maintenance orad repair, Grantor may continue to use the property as a golfeowuse i c4iowiny 113.11164rmetion,nwutcnanec or tepair.the fairway and the rough area tinnsedarety adjacent to the fairway,aside from the ares occupied by Use wellpad(s)and power source,shall be restored to its original condition by the Grantee,to the satiates-don of the Grantor, within a reasonable period of time so u not to impede golf course usage If restoration is urawtuubly delayed beyond 30 treys eller {completion of said corutruction,maintenance or repair, Grantor may comptcte the restoratiri�,�rJ�uhZtttdt Esywnent rights for the coat therm( Interim /rr h� 1! 1', c impaction of the water limn otSBcilities within the casehient Shall be accomplished with vehicles 7 suitable for golf course usage �` c 4 This 20 I'po^t tt d e rn vlal rppsr tirir�cd leo shy one(1)diameter size,type or r 1, facility The area a(the.{)four wide easentcni..lav restrrchd reserved for the well(s),well pumps)and/or water tines))Wever,protuberance e el to permanently emend*hove ground so as to Interfere with golf play inihniinfitiofciflAk_sbadinent that traverses the fairway llousee berm,bui{ffaega,patios,carports,garages,warehouses,and other rimier type structures may not be built on this easement unless and until this easement is modilled,at the request of Grantor.If wain maddicatlon is requested,Granum shall provide Grantee with a satisfactory alternative aecmeat route and a reasonable period of time In which to reroute water 6ne(s) The cast of rerouting the wale line(s)alit/be borne by the Grantee. 5. This mantra shall terminate end all rights of Grantee and its successors shall revert to Grantor and its succcssars in the evert Grantee shall et any time abandon this easement 6. This easement dull terminate and all rights of Grantee and its succasars shall revert to Grantor end Its successors in the event Grantee roes not install any weii(e),well mange)and/or water rota,el the aternem within five(5)years from the dare a(Nds instrument Should the flee(5) year time frame empire,a new easement may be negotiated bewares.* 9 E OR: 2228 PG: 1333 6 rale to the Utilities constructed hereunder shall remain in the same or the Grantee and ha successors 7 Grantors covenant to and with Grantee that subject to existing asement,,ireny,for public highways or rustle, raiboede, literate, ditches, pipelines' and ele erica) transmission or tfutributton tines and telephone and telegraph lints catering the land herein described,Grantors are lawfully seized and possessed of raid tenth,hating good and lawful right and power to sell and convey dem,and that they ate free and clear oral liens and encumbrances,except ror taxes for lho current yeer sad First(I°)Mortgage in favor oaNatiunal Canada Finence Corporation,Inc a This Agreement relay not be assigned by the Grantee WITNESSES GRANTOR OR G' TORS t, 1 (..1� r• i f' .� . /a Sri-HO •i ' 7� r r.+,7•r t — •rine Name of O e r or Trustee • or Tru' sign here /� {int: ante orOwmer or Trude* r" \� ._.J rJ` et L L Ll ( I I ( t V f ((.. (_ 7tttr or Trustee sign here \'f' STATE OF FLO IDA `rj\ COUNTY OF r' �T/j C't1ZC� Thi foregoing instrument was acknowledged before me this v'•• (date)by (name of person acknowledging),who isrpeaooally knowntio me or who baa pmdueed (type oridendllealion)aI identification and who did(did not)take an oath Notary Public State of Florida as Large (NOTARY'S SEAL) 1 r wxtasw04 .: 9B . . Q.GRADY MINOR&ASSOCIATES,P.A. Civil Engineers a Land Surveyors u Planners .:R. ).minim 1'E .\LW V ROSMAN \t.1Rk W MINOR,1'E ROBERT W TUI1NNE5.A.I.CP .' DEAN SUIT,L I'E ERIC V Sr\NDOVAL.P LS FLORID& CITIES WATER COMFAR! LEGAL DESCRIPTION OF A 20 FOOT WIDE WATER LINE EASEMENT A 20.00 FOOT WIDE STRIP OF LAND LOCATED IN TRACT 'A' OF GOLDEN GATE, UNIT 8 PART 2, ACCORDING TO THE PIAT THEREOF RECORDED IN PLAT BOOK 9 AT PAGES 107A THROUGH 112 AND TRACT 'A' OF GOLDEN GATE, UNIT 1, ACCORDING TO THE PLAT THEREOF RECORDED IN PLAT BOOK 5 AT PAGES 60 THROUGH 64 ALL OF THE PUBLIC RECORDS OF COLLIER COUNTY, FLORIDA, LYING 10.00 FEET EITHER SIDE OF THE FOLLOWING DESCRIBED CENTERLINE; COMMENCE AT THE SOUTHEAST CORNER OF TRACT 'A' OF GOLDEN GATE, UNIT 1 ACCORDING TO THE PLAT THEREOF RECORDED IN PLAT BOOK 5 AT PAGES 60 THROUGH 64 OF THE PUBLIC RECO'. •F C LLIER COUNTY, FLORIDA; THENCE RUN N 00°00'11' E, ALONG ,yc .14,c4; 'NE OP SAID TRACT 'A', THE SAME BEING THE WESTER -°-- : n E OF COUNTY ROAD 951, (STATE ROAD NO. 858 PE: ' ), FOR A D ' E OF 89.26 FEET; THENCE RUN N 89°59'49' W Fr' 7.r DISTANCE OF 47.+9 \'EET TO THE POINT OF @3f911M1[ING OF THE FO 0 •t• °E -• :- +, ENT:'LPNE; THENCE RUN S 00.00'11' W, PARA LE WI H • STE•LY R±cH'I-OF-WAY LINE OF SAID COUNTY ROAD 951, FOR * vim: .' ET.; THENCE RUN N 81.45 50 r' 45'.15 FEET• THENCE RUN N 79°12 ' .. l • 950.48 FEET; THENCE RUN S 65.29' 0- • • ''' .l ft-2,.77 FEET; THENCE RUN N 77.37'1$k W FOR A DIST•v•, •F;I-07.96 FEET; THENCE RUN N 00°09' + N FOR A DIST'' 0.i?5'7.40 FEET; __ THENCE RUN N 23°43'4 .f£ 'OR A DISTANC '.11)102.09 FEST TO THE END OP THE HEREIN DESCRIBE. g 'ERLINE, CO. ANG 1.55 ACRES, MORE OR N I LESS C1�C .....1 SUBJECT TO EASEMENTS, RESERVATI,' OR RESTRICTIONS OF RECORD. 2.71 BEARINGS REFER TO THE EASTERLY LINE OF TRACT 'A' GOLDEN GATE UNIT .-► 1 AS RECORDED IN PLAT BOOK 5 AT PAGES 60 THROUGH 64, COLLIER w COUNTY, FLORIDA, AS BEING S 00°00'11' W. .a Q. GRADY MINOR i ASSOCIATES, P.A. SIGNED 7/7/933/ BY GJ L< PIJ�M PLS 65223 ERIC V. SANDOVAL STATE OF FLORIDA r:icucvwc.t snm tniiiIIIR 4423 1813)947.1144 a FAX 1813)947.0373 3800 Via Del Roy a Bonita Springs.Ronda 33923 1 9 8 ..._. Ii VN r- R `` \ t - 1 \\.- r 1f /! q q/ t o 4' Il rl , C"---ii.::*•::-' -j ( !I . • di / L' /6\ ''. t ()111 : Ir i/ n r1 O Itt ., i I. 1,!, rr ,r jir\r ; ,, PIt 4 fi f' �( jVZr e ;11 • a1 I _ ^.,,, ' F int thi } �'- i-- 1 ini I1 ! ,. 9B 2463896 01: 2536 PG: 0900 moon 11 amnia 110=1 at 0114111 COIRT, II ti(1i11t11 at Kant Met I. J1011, 111111 III m 11.11 OOh.7I .11 Ma; Prepay/by mi,rrss as: Gammas 1711c11c 11 IL 1 Levi.t_naw a.q. I ti 104 51171 Oreemberg T w P.A. riff Ilil Alii!R 11i11 m South Plyler Drive, Sao Baa Web Palm Rack Florida 33401 SPECIAL WARRANTY DEED (Collier County) THIS SPECIAL WARRANTY DEED made and executed this day of April, I see by FLORIDA CITIES WATER COMPANY,a Florida cotporatioo formerly known as GAC //. Utilities Inc.of Florida,whose address 414537 Swift flood,Suite 100,Buccula,Florida 34121, hereinafter called the grantor,to the F,ri 1. '�',. Utility Authority, a legal entity and public body crested by l ate:local a;.. ,�.• 7,71. 163.01(7),Florida Statutes(the "GUA"), whose address is 315 - • I„•tut Street,Suite :.t_ p1lahaasee,Florida. hcrcinaftcr called the puttee; WilXESSETH; �� bon of the suet of S10.00 and other valuable coral,— ;! '1`y •''ledged, by these preseius do ��l l� may% �>•btrpm.sell,alive, ti. tieJttieshe grantee,all that certainy land situated in Collier • • , a. ',r,• lcailatly described on Exhibit A attached haste cad', n. �.`); TOGETHER with all .-4014i..7.1,. handl alputicasncoa thereto belonging or in anyway ,.inan,, deet , '* er and wastewater facilities of every kind and within _ ~i"yipplut rights caacnmtt for the opendico.installation and maintenance of said fsmilties. TO HAVE AND TO HOLD,the same in fee simple fotever. AND the grantor.for itself and its auaeaatosa,hereby covenants with said grantee and the granles'a aneeessoe and assigns that grantor is lawfully seized of said land in fee simple; that gender has good,right and lawful authority to sell and convey geld laud; that grantor hereby warren;tie tide to said land and will defend the sagas west the lawful clavas of ail persons cLmoing by,through or under the grantor,but against none others and that mid hand is five of all eactentemt 'es except as cot forth in Exhibit 8 ditched hereto and incorporated herein. �1„03.01U O,1JF1Me,..OId1..W13,tl MUS 9 OR: 2536 PG: 0901 IN WITNESS WHEREOF the grouters have caused this Special warranty Deed in favor of the ODA to be executed in its name,and Its cmporete ecal to be hereunto affixed,by Mil proper officers hereunto duly authorized,the day and year fust above written. 4 FLORIDA CITIES WATER COMPANY, a 40, Florida corporation .4011111!- 1. STATE OF FLORIDA COUNTY OF /4?hl S R C'O \ �cK•rec c t��jyy This i ent was ticket), • •• oro me • : dr day of April, 1999,by .arvdmw as Press t of Florida tis atcr Company, a R ••.corporation, on behalf of said 7-141)1%1114- . tlY n. .e ' .,+t.% -=• ` lie' Kite ior• miasma ie. N (PR' �.•*;Stamp Commissioned Name Uil nonan• � ! ' s ramification Type of Identification . •MC– 9 B OR: 2536 PG 0902 PPR. 1.1999 319444 1.;1470t6 11. n0.929 P.19 E"'N,dh7 L a ■ T 1 a 9 11 Z T L B I R • U R l 11 C B C C ■ P o I A T I O W Watra*AAL t1ADptriisais 1217319011n, vizors/A, ialadrlt '1' Leeds ORM 11 Tract 1, Oa1E=COM 1(lZAlfis, tllt=T 26, a 1ab41'Pi.ion, according to the Kap or Plat tkaroof on Pile wad =corded in the Office of the Clock of to Circuit Ghost, nwtdad in Plat look 7, Pages 11 and 11, Public Raoosde of County, Tlarida/ LII/ Alm =tar that parcel of land aosreyed to Dench picrida lanagasact District described In Quit Clain Dead recorded in *Metal Meanie Been 1404, Pegs 100. Tolia No. 37:20040003 \ 3. Pa�aez C'(�r J., ALL of P3.00ka 36S, 267 and 1. 4.e "t'a:•'�• � of Ikloek 211, Qait 7, O03 QATI, • sutiiriaiaa, according tot�T,1 or •� '� " . VI•!!�l lila and recorded in the Office of the Clark of the Circuit CoOst, .. 135, it the Public Wotan of collier Ovuaty, florin*. ... ._.• T*!io 110. 31410440001 ._ i RUM is I 11 pascal at Wel is Collier Coca 3, , tore • • flay dssorihed se ll feers and being a pato of the Plat of Tract Pr,pt21Q by ' e , Mt 1, as reeerded io Plat swab F. Paw 111, of the Puhito wtaaor2oc-. -•until, Plorida, sore p stitulvly described a1 follows, c011NSPCnar at the saethwt amine of Tenet kg theses ru siiQ south it*totaeee of 141.27 test along the Vert boundary of amid Tract A, thence running Wt 336,33 foot to a point. said point hating also dasaribrd as the POT OT 12♦(lIRBi>f0, thanes sun North ll' 64' 21' haat, a disliaDOs at 133.31 feat to a points thanes rum Worth 0' 05' 01' sant a distort*. of 74.04 hat to a point/ thence ran North 23, 43' 43' Bast a diet12i0/ of 104.11 lest to a point, therms run Barth 41' PP 42' east a distance of 3)1.53 feat to a points thaws* run Routh /P' 4t' N' Past a distant» of 104.00 feet to • pawl Cbabea ran laugh se' Q1' ie' Mot a ammo of 1x.10 flet to a points theme sum loath 11' ea' 0)' Meat t distance of 113.16 feet to a points thence run (loath 3. 41' 30` Haft a dietetics of 352.11 teat to the POINT Of 113131291192. Popo Ie. 2040120002 3 9 8 . . : 0R: 2536 PG: 0903 P/R. 1.19.11 3199o1 IAMFM! 11FC.1ita9 P.19 p a f T ■ a ■ l I T L I - I r f II 1 a r C I 0 0 a P 0 a a T I 0 r I T2OraL Di*DQ9,alIRS aloruorD, ♦ra9Yrla 1L 1:211rsrleso:0011F121OiD PUCCI 1r The Borth II feet oL the Peet 31 toot L- t•a,-hack PP, 012T 2, AOLDEI OM /1111DIVT02Gf, •o0oedter to the Ono or !Let thoroior" Op Etigithe. la thr Write or the Clack at the Circuit court, sseord.d in 3;281 \,t 77, La the Public Aaeoree or Collier OoQsi$y, Florida, y !olio So. 111114000000 � \\ rO ( / i \v ^i ` . f-- i �_' Ci err 96 OR; 2536 PG; 0904 exHi4,r - CO ER• C _ttivrYn _ ' I Al TO MOM� \ � C oral.Osiris to. 71-20, 75-1 5-24 recorded 1n 0 inial Records nook 11), Page 1177, Off 1414 Records -• 6 9, 11= an[liici 1 Records Book 619, Page 1191. Subject property lies vi•• • • • • th 1Siaz�County Mater Management DiKricr 142. 1 anti the •••F �• • - atilt sad is subject to Lay arta end/or •cart■ t•et a to loam is 711E IRC ' lestsiatiw Covenant. recorded in Of • ords look 97, Page 611 and eeerabed in otHaial lsoorde look 105, Pegs 7), which restriction' were purportedly released per 1814tf414416t recorded in Official Record! leek 1177, e.g. 103. 98 OR: 2536 PG: 0905 LANTRIII Ririe IIISTRARCR CORPOIATXOP aaTIoRaL IZADQD & ITIIR E ICIICID, VISORS/ IA Restrictive Covenants recorded in Official Records look 251, Page 320. Right-of-Say lsassant recorded in Official Records look 244, Pegs 140, which easement was purportedly released per instrument• recorded in Official Records look 1013, Paye 731 and Official Record■ Rook 1012, page 326. Matters La shown on the Flat of OOLIinf OAT= 16TATas, Onir 26, recorded in Plot look 7, Pager 15 and 16. AZ BO PLUM 1+ OV,R. Co–O.-V.\ Matters as shown on the Pj,1.i OOIi71f! Gil'/;, AN recorded in Plat Rook 2, Page. 133 thew 146. Covenants, lastricti•.. , t her mit ions in inatrvxent recorded in Official Records Rook 54 (7......:, ' .. ., n Official Records look 160, Pape 103, Official Ra-• T , i 1 {records look 102, Pegs 762, Official Records look p.p �. :. al •lis nook 1057, Papa 1116, Official teoorda Book • , ,.e - , 4 bel -rd`Faox 1102, Page 630, Official Records look 1150, P - ' 6 and official I, o • ! 1467, Pape 2223. . adverse • • •..f lain: by the State of Florida to those portioma of the —; described i. - . ..(11, A herein that rewrite sovereignty lands (teal.. -.. .a-• submerged, filled, and artificially exposed lands) - If) L .r • bean previously conveyed or te+rnafarsed by the state, or (2) are -•• y excluded from prior state conveyances of other type■ of lands, Subject to any and all residual royalty rights of Coastal Petroleum company, or its assign', resulting from any agreements with the Truatees of the internal Iaproveaant Trust FuRd of Florida, which does not include the right of entry for the purge's of exploration, mining, or drilling. covenants, Restrictions, Easements and other linitatiana in instruasnt recorded in Offtelel laevads look 310, Page 600 and Are odnent in Official Records look 271, Peps 1112. Easement is favor of Florida Power and Light Company filed September 2, 1611 in Official Saccade look 1377, Page 7120. Cams shmber 0002077 -1 98 .. OR: 2536 PG: 0906 . & A r e s ■ TITLI 1 P D II D A ! C l C O l P O B A T i o ■ • X a21011111. a It a D O D A I T 1 1 a l I C a w O 1 D, TIRO I B 1 A Revolution creating the Golden Gate Water/Dever MOT District, filed April 12, 1176 in Official Records Book 646, Page Ilia. resolution establishing the Iesenkalea Area Planning District and the Coastal Area Planning District, etc., filed May 6, 1976 in Official Records nook bas, Page 1119. AD TO SUM loo Ratters as shown an the P1at��R7 jymi7 8, PART 2, recorded in Plat Book 9, Pages 107A taro 112. 7-0\7- --'''' '?0(' J/ A �\ Covenants, Aertrictiona/laants and other li tatSons in instrument recorded in Official Records Soak 6, Pa:•-_ 97 ed i Official Records Book 609, Page 170 and Official Roco 979, 1512 /� 1 Rsaw.t to DAC Prop, i �, Ins•, r�} ••1 •. 1�.;1974 in Official Record* book SSC Page SS, togath, {�, a i••• . Ras. nia.Eecorded April 2, 1974 in Official Records Book 006 go - . - SS 4V; �1` hiccuped agreaneot with\\\\\\� ids blevisio7S� dwen:;t Corporation recorded April 17, 1801 in Official Reci�3a, k 1077, Page 4(V Covenants, Restriction., Ca ' 1b. etionn in instrusant recorded in Official Records Book 164, Peg ata in Official Records Book 160, papa 909, official R.rdocds look 169, age 80, Official Records Book 192, Page 762, Official Retards look 970, Page 1512, Official Records Book 1087, Page 1116, Official Records Book 1072, Page 992, Official Records Soak 1102, Page 930, Official R.00sds look use, Page 2ID11 and Official Records Book 1462, Page 2223. les lento creating the Oaldan Oats ltatar/Sewer NOT District, filed April 12, 1076 in Official leeords look 616, Pape 1918. Resolotiao establishing the Iosokalee Are* Planning District and the Coastal Area Plasmic; District, etc., tiled May 6, 197i in Official Records Book 649, Page 12)8. PAaCBL foo l Cafe RtUwebsr 9002077 -1 98 „ ,. . _ tit OR: 2536 PG: 0907 ref NIL S.Mt 'is WM LAMS S n M.914 P.2,e1 L a b i i ! 1 [ ! L1 i I t , 1 i t O t C O i P O l i 't I O t . ILttOI&L 11t,DOQL1fIXt 1i0I10Is, ♦llailii • IUtas, It AIMS et de Pat of awns m►!l TOUT 2, ss.aoe8id is Plat Oaok I, leOai fa thou 7t. Odndgasts, Iaawictlms, 'liceemTa cad Other lialtatLdos is Lsiorcrot sartaeided ii Official laccsds MOO IN, hai 114 and laaadlaats is Official lacctds leat 101, IaM IOi, Olfielal accacde lost lti, Papa is, OIILata1 laeosda lest LII, page til, Official iaaasda leek h1, Pats 1e11, official Uaosds lock see:, Page 1110, Official lamsds sack loft, Page PH, Official laeeria *oak 1102, fags ISO, Ofticiai facia Ioak ills, Pena Sial sad, ficial-10c4 loot ISKl", Pees till. katOiasim alaatLap t!O 2* r�#Diattiot, filed�i ll, 1090 is CltftCial I --'--1 /Ads MO. \ \` 7(C4----. \---- \ r Tr _ t, c_(11—! L l Mos Malan Moro -1 I 9P INSTR 4361377 OR 4506 PG 1308 RECORDED 11/10/200a 257 PM PAGES 10 Return to: OWIGHT E.BROCK Florida Governmental Utility Authority COLLIER CWNTY CLERK OF THE CIRCUIT COURT 280 Wekive Springs Road,Suite 2000 DOC@ 70 s0 70 REC S86 50 Longwood,FL 32779 CONS sto.oa UTILITY EASEMENT THIS BASEMENT, granted this day of Jer'1�'1Cf aWCI b G-O4Ej n +C (r4ir*J (.j,;L, pidnn}�r) cle-of the County o GQ kVC,r- in the Stale of F I 0 NOES , (hereinafter referred to e: 'Grantor'),to the FLORIDA GOVERNMENTAL UTIISIY AUTHORITY, a legal entity and pubic body created by interlocal agreement pursuant to section 163.01(7), Florida Statutes, wig headquarters In Seminole County,Florida(hereinafter referred to as'Grantee') WITNESSETH: That the Grantor,for and In consideration of the sum of Ten Dollars(510.00)and other goat and valuable consideration, to the Grantor in hand paid by the Grantee, the receipt ar„ sufficiency whereof Is hereby acknowledged,hereby conveys,grants.bargains and sells unit the Grantee,its successors and assigns,a perpetual,non-exclusive,unobstructed easement free and clear of all encumbrances,and privilege to enter upon and to Install, operate ani maintain utility facilities, on the following described lands being located it 1vc{ County,Florida,to wit: See Exhibit'A'attached hereto and Incorporated by reference herein. TO HAVE AND TO HOLD the same unto the Grantee end its assigns,together with th right to enter upon said land, excavate,and take materials for the purpose of constructing operating,and maintaining utility facilities thereon. Grantor hereby warrants to the Grantee that it Is lawfully seized and In possession of the rez property herein described end that It has good and lawful right to grant the eforesek easement. Grantor and Grantee aro used for singular or plural,as the context requires. CO , #C I % % % I 03 t\� , \ ° ] § t ; k % f) to } \ I & < ] 2 . ; § «^] § } \ § , ,2 [ \ 2 . � £ ) \ . / Aa / \ i 2 ■ /pz# \ \ . . 0 0 . / , ". t .8 =a & •® • ; § 6. J ƒ §. kmil ' i 5 » , ; 7) } ) « § / 0.) C H ]i /m , I ay i � 1. ( ( .2 § / 2 � - qj AE #® •/ 644 �i g , . $ . 2 ■k 1t 2� } � - - fes\2 ©� 2 § $k � } �k ,iii■i k/ k0. 9B Exhibit'A' Provide Legal Description and sma i scale graphic depictim- cvoyfuesvoumUrabmFamcveut•ucalpvaaanattMar*ram3i alpe4a 98 LOT 20 TRACTt18 Pat. 'QS TE IntTHVEST C0i1143t KAT*MS 4042 U Or TRACT A LOT 19 t yEOA_i DE IIMEOoe CONNENCaNU AT THE NORCIMEST CORNER I or TRACE A.THENCE RLN SOUTH ALONG Q -;I •,.N.' M[WEST UHL Of 5140 TRACY A, A g DISTANCE OF 649.27 Mr;THENCE RUN M�1�S ._)�!:_i�i':i� I a 700 LOT 18 EAST A INSTANCE of 370 aO cET T1 SerMl.E' 11.101..:_.•:7.4♦ C MDICE RUH NOS'AS'30'f A Or5TANCC Of S11.4'✓•11111EN'AIIM1111:i a;1'ei1-110111 121.17 FEET Co INC 001NT OF HESINN,NO. M�L��?T:I♦L�':i j♦♦ THENCE CONTINUE NCS45'217'E A �.�� DISTANCE OF MOO MT;THENCE MR4-19'21'01 A OMAN C£LK 4-4.93 TAT; THENCE S07.2!!or`r A DISTANCE OF 39.A! TTR; TNFSECE S8A'15. -0 A DISTANCE LOT 17 or PLOD FELT TO THE .DINT OF BEOONN01O.CONTARAHO 491.011 Sq.Fi. V0.011 ACRES) —/ LOT 16 TRACT A M ERIE NM IC LOT 15 J LOT 14 j tA PORTION OF TRACT A calor GOY WITS RMT E Came u1Lry fAgTyH ' KAT ifcaL 1 N1>C 4.1 LOT 13 \\,, LOT 12 L2 1107 TALC 101110JT TM!SMARM ANO T12 0RICDIAL RAMO SEAL a'A ROOM Ua ROBERT R.RANARY.P.S.N. SLIRW(Ot MT0 66APPfR- 11w100 YAv`rS RaibrInnla MO.5077 F1anarY Surveying and Mapping,Inc.SKETCH UTILITY EASEMENT 44011Ti1AVENUE%Psi' PAa4ErroUPL3W7A74121 REVISION UA7E NFASON: PR(941)91S-86$S FAX(941)722-24&V4Na:1477 Joe P01111ERR SECi1:1N TO'ANSHP MAX SCALL OA7E: CRAMN BT: RE WAX: SHEET 61-001 27 49 604114 20 EAST T'-100• 1 41/10/08 1aE 06-060EASEUEXTX YO 1 OI 1 9 B Exhibit B B UTILITY SYSTEM TRANSITION AGREEMENT BY AND BETWEEN THE COLLIER COUNTY BOARD OF COUNTY COMMISSIONERS, AS THE GOVERNING BOARD OF COLLIER COUNTY, FLORIDA, AND EX-OFFICIO AS THE GOVERNING BOARD OF THE COLLIER COUNTY WATER-SEWER DISTRICT AND THE FLORIDA GOVERNMENTAL UTILITY AUTHORITY Date: November 14, 2017 9 TABLE OF CONTENTS ARTICLE I DEFINITIONS AND CONSTRUCTION SECTION 1.01. DEFINITIONS SECTION 1.02 CONSTRUCTION AND INTERPRETATION SECTION 1.03 SECTION HEADINGS ARTICLE II REPRESENTATIONS SECTION 2.01 REPRESENTATIONS OF THE FGUA SECTION 2.02 REPRESENTATIONS OF THE CCWSD ARTICLE III CONVEYANCE OF THE GOLDEN GATE SYSTEM SECTION 3.01 AGREEMENT TO ACQUIRE SECTION 3.02 TRANSFER, ASSIGNMENT AND ASSUMPTION SECTION 3.03 ACCOUNTS RECEIVABLE; CUSTOMER DEPOSITS SECTION 3.04 STATUS OF TITLE SECTION 3.05 TRANSFER DATE SECTION 3.06 BOND PROCEEDS AND FGUA FUNDS SECTION 3.07 OUTSTANDING REGULATORY COMPLIANCE ISSUES SECTION 3.08 TRANSFER OF PERMITS SECTION 3.09 RISK OF LOSS SECTION 3.10 FGUA DISCLOSURE OF OBLIGATIONS SECTION 3.11 FURTHER ASSURANCES SECTION 3.12 DUE DILIGENCE ACCESS RIGHTS ARTICLE IV TRANSITION PROJECTS SECTION 4.01 FGUA TRANSITION PROJECTS SECTION 4.02 CCWSD TRANSITION PROJECTS SECTION 4.03 ASSUMPTION OF WORK IN PROCESS ARTICLE V GENERAL PROVISIONS SECTION 5.01 INTERLOCAL AGREEMENT PROVISIONS SECTION 5.02 TERM OF AGREEMENT rThel \.;i5,. j 9B SECTION 5.03 DISPUTE RESOLUTION SECTION 5.04 AMENDMENTS AND WAIVERS SECTION 5.05 NOTICES SECTION 5.06 SEVERABILITY SECTION 5.07 EXECUTION IN COUNTERPARTS SECTION 5.08 APPLICABLE LAW AND VENUE SECTION 5.09 THIRD PARTIES SECTION 5.10 ENTIRE AGREEMENT APPENDIX"A"- CCWSD TRANSITION PROJECTS APPENDIX "B"- FGUA TRANSITION PROJECTS APPENDIX "C"- REAL PROPERTY, EASEMENTS AND INTANGIBLE RIGHTS APPENDIX "D"- WARRANTIES FOR CONSTRUCTION IN PROCESS APPENDIX "E"- PERMITS APPENDIX "F"- INVENTORY OF EQUIPMENT APPENDIX "G"- ESTIMATED INVENTORY LEVELS -PARTS, CHEMICALS, AND RESIDUALS APPENDIX "H"- OPERATING AND VENDOR CONTRACTS APPENDIX "I"- AGREEMENTS ENCUMBERING THE SYSTEM APPENDIX "J"- INSURANCE POLICIES APPENDIX "K"- REAL PROPERTY CLAIMS OR DISPUTES APPENDIX "L"- REGULATORY COMPLIANCE 9B UTILITY SYSTEM TRANSITION AGREEMENT This Utility System Transition Agreement is made and entered into this day of , 2017, by and between the Collier County Board of County Commissioners, as the governing board of Collier County, Florida, and ex-officio as the governing board of the Collier County Water-Sewer District, a political subdivision of the State of Florida and a body corporate and politic created by special law, as codified in Chapter 2003-353, Laws of Florida (collectively, "CCWSD"), and the Florida Governmental Utility Authority, a public body and legal entity created by interlocal agreement pursuant to section 163.01(7)(g), Florida Statutes ("FGUA"). WHEREAS, pursuant to section 163.01(7), Florida Statutes, and the First Amended and Restated Interlocal Agreement Relating to Establishment of the Florida Governmental Utility Authority dated December 1, 2000, as it may be amended ("FGUA Interlocal"), the Board of Directors of the FGUA has all the powers to carry out the purposes of the FGUA Interlocal, including the authority to sell or otherwise dispose of the FGUA's water and wastewater utility facilities and systems; and WHEREAS, the CCWSD and the FGUA entered an interlocal agreement dated as of March 1, 1999 (the "Golden Gate Interlocal Agreement"), pursuant to which the County acting through the CCWSD authorized the FGUA to purchase certain water and wastewater systems serving the Golden Gate community (the "Golden Gate System") from Avatar Holdings, Inc. conditioned upon, among other things, the CCWSD retaining the right to acquire the Golden Gate System from the FGUA at a time of the CCWSD's choosing; and WHEREAS, pursuant to Section 1 of the Golden Gate Interlocal Agreement, the CCWSD has the right to acquire the Golden Gate System, and on June 27, 2017, the County's Board of County Commissioners, acting ex-officio as the governing board of the CCWSD, passed Resolution 2017-123 indicating the CCWSD's desire to make such acquisition and instructing the CCWSD staff to initiate final due diligence and negotiate the terms of this Transition Agreement to complete such acquisition; and WHEREAS, on or about November 14, 2017, said Board of County Commissioners acting ex-officio as the governing board of the CCWSD, by Resolution 2017- , indicated its unequivocal intent to exercise its right to acquire the Golden Gate System and to issue the CCWSD Bonds; and WHEREAS, the FGUA has issued certain revenue bonds and incurred other indebtedness which the Golden Gate Interlocal Agreement and Indenture of Trust provides shall constitute the purchase price to be paid by the CCWSD for the Golden Gate System; and WHEREAS, the CCWSD and the FGUA desire to enter into this Transition Agreement to provide for conveyance of the Golden Gate System from the FGUA to the CCWSD and the disposition of existing FGUA assets and liabilities related to the Golden Gate System; 1 9B NOW, THEREFORE, for and in consideration of the mutual premises set forth above and the covenants, obligations, duties and benefits herein set forth, the CCWSD and the FGUA agree as follows: ARTICLE I DEFINITIONS AND CONSTRUCTION SECTION 1.01. DEFINITIONS. As used in this Transition Agreement, the following terms shall have the meanings as defined herein unless the context requires otherwise: "Bond Counsel" means such attorney or firm of attorneys, of nationally recognized standing in matters pertaining to the federal tax exemption of interest on obligations issued by state and political subdivisions, and duly admitted to practice law before the highest court of any state of the United States of America. "CCWSD Bonds" means the debt obligations of the CCWSD to be issued pursuant to the Senior Lien Bond Resolution to finance all or a portion of the costs of acquisition of the Golden Gate System. "CCWSD Transition Projects" means those projects identified by the CCWSD to be funded and completed by the CCWSD, as identified in Appendix "A". "CCWSD's senior lien utility debt" means the CCWSD's Water and Sewer Refunding Revenue Bond, Series 2009, Water and Sewer Refunding Revenue Bond, Series 2013, Water and Sewer Refunding Revenue Bond, Series 2015, and Water and Sewer Refunding Revenue Bonds, Series 2016, all of which are outstanding under the Senior Lien Bond Resolution. "CCWSD Utility Resolution"means such CCWSD resolution or resolutions, collectively, as may be issued by the Board of County Commissioners of Collier County, Florida, acting ex- officio as the governing board of the Collier County Water-Sewer District related to the conveyance of the Golden Gate System from the FGUA to the CCWSD. "Clerk" shall mean the Clerk to the Collier County Board of County Commissioners, and such other person as may be duly authorized to act on his or her behalf "FGUA" means the Florida Governmental Utility Authority created by the FGUA Interlocal. "FGUA Bonds" means: the FGUA Utility Refunding Revenue Bonds (Golden Gate Utility System), Series 2010; FGUA Utility Refunding Revenue Bonds (Golden Gate Utility System), Series 2012; and the FGUA Utility Refunding Revenue Bonds (Golden Gate System), Series 2015 Bonds; as well as the subordinate debt in the form of the 2006 State Revolving Fund loan and the 2016 SunTrust Bank loan related to the Siemens Energy Project. "FGUA Interlocal" means the First Amended and Restated Interlocal Agreement Relating to Establishment of the Florida Governmental Utility Authority among Citrus County, Nassau County, Polk County and Sarasota County dated December 1, 2000, as amended and supplemented, and any successor instrument thereof 2 96 "FGUA Transition Projects" means those projects identified by the CCWSD and the FGUA initiated prior to the Transfer Date and to be completed by the FGUA as identified in Appendix "B". "Golden Gate System" means the FGUA's water and wastewater utility system located in Collier County, Florida, including all of the potable water supply, treatment, storage, and distribution systems and wastewater collection, transmission and disposal systems, including developer agreements and other service agreements, customer, operations, engineering and property records and documents related thereto, or copies thereof. "Indenture of Trust" means that certain Indenture of Trust by and between the FGUA and SunTrust Bank, Central Florida, National Association, Trustee, for the Florida Governmental Utility Authority Utility Revenue Bonds (Golden Gate Utility System), dated as of April 1, 1999 and any supplemental indentures issued pursuant thereto. "Management Services Agreement" means that certain Amended and Restated Management Services Agreement dated November 21, 2013, as amended by that certain Amendment to Amended and Restated Management Services Agreement, dated October 16, 2014, by and between the FGUA and Government Services Group, Inc. "Operations, Maintenance, Customer Service and Billing Agreement" means the Amended and Restated General Terms and Conditions Agreement, dated December 19, 2013, as amended, together with the Golden Gate System Compensation Agreement, dated March 17, 2011, each by and between the FGUA and US Water/Wade Trim, LLC, and all amendments thereto. "Plans and Specifications" means the design plans and specifications for implementation and construction of the Transition Projects. "Senior Lien Bond Resolution" means Resolution No. CWS-85-5, adopted by the CCWSD on July 30, 1985, as amended and restated by Resolution No. CWS-85-13, adopted by the CCWSD on December 26, 1985, as amended and supplemented. "Siemens Energy Project" means the FGUA project undertaken pursuant to that certain Guaranteed Energy Water and Wastewater Performance Savings Contract, dated July 25, 2016, by and between the Florida Governmental Utility Authority and Siemens Industry, Inc. "System Manager" means Government Services Group, Inc., as Manager under the terms of the Management Services Agreement. "System Operator" means U.S. Water/Wade Trim, LLC, as Contractor under the terms of the Operations, Maintenance, Customer Service and Billing Agreement. "Transition Agreement" means this Utility System Transition Agreement, including any amendments and supplements hereto executed and delivered in accordance with the terms hereof. 3 9B "Transaction Cost" means the costs, fees and expenses incurred by the FGUA in connection with the CCWSD's acquisition of the Golden Gate System, including but not limited to: (A) the verifiable fees and disbursement of Bond Counsel; (B) the verifiable fees and disbursements of the FGUA's financial advisor; (C) the verifiable fees and disbursements of the FGUA's utility and general counsel; (D) the verifiable fees and disbursements of the System Manager and System Operator; and (E) any other verifiable costs of a similar nature incurred by the FGUA in connection with the transition of the Golden Gate System to the CCWSD. "Transfer Date" means the date for transfer of the Golden Gate System from the FGUA to the CCWSD established in Section 3.05 of this Transition Agreement. "Transition Projects" means, collectively, the FGUA Transition Projects and the CCWSD Transition Projects. "Trustee" means Wells Fargo Bank Minnesota, N.A., 6th Street & Marquette Avenue MAC N9303-121, Minneapolis, Minnesota, 55479. SECTION 1.02. CONSTRUCTION AND INTERPRETATION. (A) Words importing the singular number shall include the plural in each case and vice versa, and words importing persons shall include firms and corporations. The terms "herein", "hereunder", "hereby", "hereto", "hereof', and any similar terms, shall refer to this Transition Agreement; the term "heretofore" shall mean before the date that this Transition Agreement is executed; and the term "hereafter" shall mean after the date this Transition Agreement is executed. (B) Each recital, covenant, agreement, representation and warranty made by a party herein shall be deemed to have been material and to have been relied on by the other parties to this Transition Agreement. All parties have participated in the drafting and preparation of this Transition Agreement, and the provisions hereof shall not be construed for or against either party by reason of authorship. SECTION 1.03. SECTION HEADINGS. Any headings preceding the texts of the several articles, sections or appendices in this Transition Agreement and any table of contents or marginal notes appended to copies hereof, shall be solely for the convenience of reference and shall neither constitute a part of this Transition Agreement nor affect its meaning, construction or effect. ARTICLE II REPRESENTATIONS SECTION 2.01. REPRESENTATIONS OF THE FGUA. The FGUA makes the following representations as the basis for the undertaking on the part of the CCWSD herein contained: (A) The FGUA is a public body and legal entity created by interlocal agreement pursuant to section 163.01(7)(g), Florida Statutes. 4 B (B) The FGUA has full power and authority to enter into the transactions contemplated by this Transition Agreement and to carry out its obligations hereunder. (C) The FGUA is not in default under any provisions of the laws of the State material to the performance of its obligations under this Transition Agreement. (D) The FGUA has duly authorized the execution and delivery of this Transition Agreement, and assuming the due authorization, execution and delivery by the CCWSD, this Transition Agreement constitutes a valid and legally binding obligation of the FGUA, enforceable in accordance with its terms, except to the extent that the enforceability thereof may be limited by any applicable bankruptcy, insolvency, moratorium, reorganization or other similar laws affecting creditors' rights generally, or by the exercise of judicial discretion in accordance with general principles of equity. (E) To the FGUA's knowledge, the authorization, execution and delivery of this Transition Agreement and compliance by the FGUA with the provisions of this Transition Agreement will not conflict with or constitute a material breach of, or default under, any existing law, court or administrative regulation, decree, order or any provision of the Constitution or laws of the State relating to the FGUA or its affairs, or any ordinance, resolution, agreement, mortgage, lease or other instrument to which the FGUA is subject or by which it is bound. (F) To the FGUA's knowledge, there is no action, suit, proceeding or investigation at law or in equity before or by any court, public board or body pending or, to the best knowledge of the FGUA, threatened against or affecting the FGUA, wherein an unfavorable decision, ruling or finding would materially adversely affect the transactions contemplated hereby or which in any way would materially adversely affect the validity of this Transition Agreement or any agreement or instrument to which the FGUA is a party and which is used or contemplated for use in the consummation of the transactions contemplated hereby. (G) Appendix "C", attached hereto, is a schedule identifying all real property, easements and other intangible rights of the FGUA relating to the Golden Gate System. (H) Appendix "D", attached hereto, is a schedule of all existing third-party warranties that relate to completed or in-process construction. (I) Appendix "E", attached hereto, is a schedule of all current or active permits applications or other documents, together with effective dates and any expiration dates which authorize the operation of the Golden Gate System by all applicable governmental authorities. (J) Appendix "F", attached hereto, is the inventory of the equipment owned by the FGUA and used in connection with the operation of the Golden Gate System. (K) Appendix "G", attached hereto, is an estimate of inventory levels for chemicals, miscellaneous parts, and wastewater residuals used in the regular operation of the Golden Gate System that are owned by the FGUA and expected to be in the possession of the System Operator on the Transfer Date. 5 ' 9 (L) Appendix "H", attached hereto, is a schedule of all operating and vendor contracts affecting the Golden Gate System. (M) Appendix "I", attached hereto, is a schedule of all other agreements entered into between the FGUA, its predecessors, or third parties which would reasonably be considered to be an encumbrance upon the Golden Gate System, including without limitation, any leasehold agreements or oral agreements, if any. (N) Appendix "J", attached hereto, is a schedule of any and all insurance policies currently enforceable that cover the FGUA as they may relate to the Golden Gate System specifying the name and address of each carrier, the policy number and the type of coverage provided. (0) Appendix "K", attached hereto, is a description of matters that may give rise to potential claims or disputes with respect to real property or personal property interests necessary to operate the Golden Gate System which are being conveyed to the CCWSD pursuant to this Transition Agreement. (P) Appendix "L", attached hereto, is a description of the regulatory compliance issues that are outstanding on the date of this Transition Agreement. (Q) Except those matters identified in Section 3.07 hereof, the FGUA has been neither cited nor notified, and is not, after due inquiry, aware of any violation of any governmental rule, regulations, permitting condition, or other governmental requirement of any type or nature applicable to the ownership, maintenance, construction or operation of the Golden Gate System, nor is the FGUA aware of any conditions which by reason of the passing of time or the giving of notice by the appropriate governmental agency would constitute such a violation. (R) To the best of the FGUA's knowledge and belief, and except as identified in this Transition Agreement or otherwise disclosed to the CCWSD, the real property and easements to be conveyed to the CCWSD hereunder are in compliance with, and the FGUA has not violated, in connection with its ownership, use, maintenance, or operation of the Golden Gate System, applicable federal, state, county, or local environmental laws relating to pollution or protection of the environment, including but not limited to, the Comprehensive Environmental Response Compensation and Liability Act of 1980, as amended by the Superfund Amendments and Reauthorization Act of 1986, and the Resource Conservation and Recovery Act. (S) The FGUA has not authorized the placing or depositing of hazardous substances on the real property and easements to be conveyed to the County except, if at all, in accordance with applicable law, and the FGUA has no actual knowledge of any hazardous substance having been, or currently being, placed or deposited on the real property and easements except in a lawful manner. (T) There are no facts actually known to the FGUA materially affecting the physical condition or operation of the Golden Gate System which are not readily observable or which have not been disclosed or provided to the CCWSD in connection with this transaction or otherwise. 6 9P SECTION 2.02. REPRESENTATIONS OF THE CCWSD. The County makes the following representations as the basis for the undertakings on the part of the FGUA herein contained: (A) The CCWSD is a political subdivision of the State of Florida and body corporate and politic duly organized and validly existing pursuant to special acts of the Florida Legislature, as codified and reenacted in Chapter 2003-353, Laws of Florida. (B) The CCWSD has full power and authority to enter into the transactions contemplated by this Transition Agreement, to issue the CCWSD Bonds, and to carry out its obligations hereunder and thereunder. (C) The CCWSD is not in default under any provisions of the laws of the State material to the performance of its obligations under this Transition Agreement. (D) The CCWSD has duly authorized the execution and delivery of this Transition Agreement, and assuming the due authorization, execution and delivery by the FGUA, this Transition Agreement constitutes a valid and legally binding obligation of the CCWSD, enforceable in accordance with its terms, except to the extent that the enforceability thereof may be limited by any applicable bankruptcy, insolvency, moratorium, reorganization or other similar laws affecting creditors' rights generally, or by the exercise of judicial discretion in accordance with general principles of equity. (E) To the CCWSD's knowledge, the authorization, execution and delivery of this Transition Agreement and the compliance by the CCWSD with the provisions hereof will not conflict with or constitute a material breach of, or default under, any existing law, court or administrative regulation, decree, order or any provision of the Constitution or laws of the State relating to the CCWSD or its affairs, or any ordinance, resolution, agreement, mortgage, lease or other instrument to which the CCWSD is subject or by which it is bound. (F) To the CCWSD's knowledge, there is no action, suit, proceeding or investigation at law or in equity before or by any court, public board or body pending or, to the best knowledge of the CCWSD, threatened against or affecting the CCWSD, wherein an unfavorable decision, ruling or finding would materially adversely affect the transactions contemplated hereby or issuance of the CCWSD Bonds, or which, in any way would materially adversely affect the validity of the CCWSD Bonds, this Transition Agreement or any agreement or instrument to which the CCWSD is a party and which is used or contemplated for use in the consummation of the transactions contemplated hereby. ARTICLE III CONVEYANCE OF THE GOLDEN GATE SYSTEM SECTION 3.01 AGREEMENT TO ACQUIRE. (A) The CCWSD hereby notifies the FGUA of its intent to acquire the Golden Gate System and issue the CCWSD Bonds on the Transfer Date, as required by Section 7.01(C) of the Indenture of Trust; provided however, that the CCWSD shall provide notice to the Trustee not 7 913 less than 60 days prior to the Transfer Date, as required by Section 7.01(C) of the Indenture of Trust, unless a shorter notice is approved by the Trustee. (B) Conveyance of the Golden Gate System to the CCWSD is expressly conditioned upon compliance with all requirements of the Indenture of Trust, the CCWSD Bonds, and the Golden Gate Interlocal Agreement in substance and form satisfactory to the Trustee and Bond Counsel, including but not limited to performance of the following acts and provisions of the following documents to the Trustee and the FGUA: 1. A certified copy of the CCWSD Utility Resolution of the Board of County Commissioners acting ex officio as the governing board of the CCWSD authorizing and approving the transition of the Golden Gate System from FGUA to CCWSD ownership and all acts necessary and proper to such transition and stating the CCWSD's unqualified commitment to issue the CCWSD Bonds, which shall be parity obligations with senior lien utility debt, or stating the CCWSD's unqualified commitment to take such other action acceptable to Trustee to defease or redeem the FGUA Bonds. 2. A copy of the notice provided to the Trustee of the CCWSD's intent to issue the CCWSD Bonds, which notice shall be provided not less than 60 days prior to the Transfer Date, unless a shorter notice is approved by the Trustee. 3. A copy of the notice provided by the CCWSD to Assured Guaranty Municipal Corp. that the CCWSD Bonds shall be issued and the Golden Gate System shall be acquired by the CCWSD. 4. The CCWSD Bonds, which shall be issued pursuant to the provisions of the Senior Lien Bond Resolution on parity with the CCWSD's senior lien utility debt. 5. An opinion of Bond Counsel selected by the CCWSD to the effect that the CCWSD Bonds are valid, binding and legal obligations of the CCWSD (subject to bankruptcy and other standard exceptions) and shall be treated as "Bonds" under the Senior Lien Bond Resolution and shall be secured and be payable from the Pledged Funds (as defined in the Senior Lien Bond Resolution) on parity with the CCWSD's senior lien utility debt. 6. An opinion of Bond Counsel to the effect that (a) the Senior Lien Bond Resolution has been duly adopted or enacted, as the case may be, and is valid and enforceable in accordance with its terms, and (b) any condition precedent to the CCWSD acquiring, owning and operating the Golden Gate System has been satisfied. 7. All documents necessary in the reasonable opinion of counsel to the FGUA for the CCWSD and the County to hold harmless the FGUA from any actions relating to the Golden Gate System which occur either prior to or subsequent to the Transfer Date. 8. An agreement between the FGUA and the CCWSD for the CCWSD to pay (a) fees owing in regard to the operation and /or management of the Golden Gate System or the operation of the FGUA as may be identified as remaining unpaid as of the Transfer Date and agreed to by the parties, and (b) all verifiable costs and expenses of the FGUA, the Trustee and 8 98 Assured Guaranty Municipal Corp. incurred as a result of the CCWSD's acquisition of the Golden Gate System as may remain unpaid on the Transfer Date. 9. A tax compliance agreement, satisfactory in the reasonable opinion of Bond Counsel, executed by an authorized officer of the CCWSD. 10. Documents transferring to the CCWSD title to the Golden Gate System and all associated assets and property, including the moneys in the funds and accounts held under the Indenture of Trust, other than the Rebate Fund (as defined in the Indenture of Trust). 11. A certificate executed by an authorized officer of the FGUA addressed to the Trustee stating that the CCWSD Bonds have been issued by the CCWSD and the Golden Gate System has been transferred to the CCWSD. 12. An agreement of the County, in form and substance satisfactory to the CCWSD, Bond Counsel and counsel to the FGUA in their respective reasonable judgment, to provide all continuing disclosure required by applicable securities law. 13. Evidence that any public hearing required by State law for the CCWSD to acquire the Golden Gate System has been held and the acquisition by the CCWSD of the Golden Gate System has been duly authorized. 14. Evidence that any public hearing required by State law for the FGUA to transfer the Golden Gate System has been held and the transfer by the FGUA of the Golden Gate System has been duly authorized. 15. Directions from the CCWSD to the Trustee as to the transfer of moneys in the funds and accounts held under the Indenture, including any "Reserve Account Insurance Policy"or"Reserve Account Letter of Credit" (each as defined in the Indenture of Trust). 16. The CCWSD's agreement to the standard package of Assured Guaranty Municipal Corp., except to the extent it is inapplicable to the CCWSD Bonds or is in conflict with provisions of the CCWSD Senior Lien Bond Resolution. 17. A certificate signed by authorized representatives of the FGUA and the CCWSD acknowledging and attesting to the accuracy of the representations in Article II hereof as of the Transfer Date. (C) The CCWSD agrees to pay all Transaction Costs incurred by the FGUA and all verifiable expenses incurred by the Trustee and Assured Guaranty Municipal Corp. in connection with the CCWSD's acquisition of the Golden Gate System. Such amounts shall be paid notwithstanding any failure by the CCWSD to comply with the requirements of the Indenture of Trust and/or the Golden Gate Interlocal Agreement, or to otherwise complete its acquisition of the Golden Gate System unless the FGUA by its material breach fails to perform its obligations hereunder. (D) From the Transfer Date, the CCWSD agrees to assume all duties and responsibilities for operation and management of the Golden Gate System that until the Transfer 9 9 Date were duties and responsibilities of the System Operator and the System Manager under, respectively, the Operations, Maintenance, Customer Service and Billing Agreement and the Management Services Agreement. The FGUA agrees to pay any money's owing for operation and management costs and expenses related to the Golden Gate System, including those arising out of the Operations, Maintenance, Customer Service and Billing Agreement and the Management Services Agreement, that accrue prior to the Transfer Date and that are not Transaction Costs. (E) The CCWSD agrees to undertake all rights and responsibilities under the Operations, Maintenance, Customer Service and Billing Agreement for services rendered to the Golden Gate System, if any, after the Transfer Date. The FGUA agrees to pay any moneys owing for operation costs and expenses related to the Golden Gate System, including the Operations and Billing Agreement and Management Services Agreement, that accrue prior to the Transfer Date, that are not Transaction Costs. On the Transfer Date, the FGUA shall assign, and the CCWSD shall assume, all rights, duties and obligations under the Operations, Maintenance, Customer Service and Billing Agreement, and the FGUA and System Operator shall each be relieved of any duty or obligation to the other with respect to the Golden Gate System, arising from said agreement. (F) On the Transfer Date, the CCWSD shall pay the System Manager the equivalent of the monthly installments, or prorated portions thereof, for the unexpired period between the Transfer Date and May 13, 2018, the end of the six-month notice period provided in the Management Services Agreement, for the following services: the Basic Services (as defined in the Management Services Agreement); and the Capital Projects Administrative Services (as defined in the Management Services Agreement. No other payments shall be due the FGUA System Manager, other than Transaction Costs as provided for in this Transition Agreement. Upon payment of the fees for services as provided for in this Section 3.01(F), the FGUA and the System Manager shall execute such documents as are necessary to terminate the Management Services Agreement and the rights, remedies, duties and obligations of the parties thereunder, as of the Transfer Date. (G) The FGUA will retain in its General Fund SEVENTEEN THOUSAND SEVEN HUNDRED SIXTY-SIX AND 90/100 DOLLARS ($17,766.90) from the Golden Gate Enterprise Fund at the time of transfer to the CCWSD to pay for the known costs related to Fiscal Year 2017 and Fiscal Year 2018 audit expenses. SECTION 3.02. TRANSFER, ASSIGNMENT AND ASSUMPTION. (A) On the Transfer Date, the FGUA shall transfer, assign and convey to the CCWSD all of its rights, remedies, powers, title and interest in the Golden Gate System in the following manner: 1. By special warranty deed, all of its real property identified in Appendix "C" which property includes all real property acquired by the FGUA on the date of its initial acquisition of the Golden Gate System and any other real property subsequently acquired by the 10 * 9 p FGUA for and used in connection with the Golden Gate System, together with all appurtenances thereto. 2. By assignment and assumption agreement all of its rights, privileges, easements, licenses, prescriptive rights, rights of way, rights of use of public and private roads, highways, streets, railroads, or other areas owned or used by the FGUA in connection with the construction, reconstruction, installation, expansion, maintenance and operation of the Golden Gate System, including but not limited to the "easements and licenses" identified in Appendix "C", together with, and to the extent transferrable, a tacking of time periods of CCWSD ownership in addition to FGUA or predecessor ownership time periods for determining any prescriptive easement or adverse possession claim or claims. 3. By bill of sale, all of its water and wastewater treatment plants, including water supplies, wells, fire hydrants, backflow prevention devices, collection, transmission, and distribution system piping, pumping, and effluent disposal facilities of every kind and description whatsoever that are used in connection with the operation of the Golden Gate System, including, without limitation, all trade fixtures, leasehold improvements, lift stations, pumps, generators, controls, tanks, distribution, collection or transmission pipes or facilities, valves, meters, meter assemblies, meter reading devices, service connections, and all other physical facilities, appurtenances and property installations used in the operation of the Golden Gate system. 4. By bill of sale, all of its personal property used in connection with the operation of the Golden Gate System, including but not limited to all movable equipment identified in Appendix "F" and all miscellaneous parts, chemicals, fuel, and residual sludge identified in Appendix "G" actually held on the Transfer Date for use in connection with the operation of the Golden Gate System. Appendix "G" is an estimate of the inventory of said items expected to be on hand on the Transfer Date. On the Transfer Date, the actual inventory levels may differ from the estimates set forth in Appendix "G" due to use by the FGUA in the normal course of business. Two (2) days prior to the Transfer Date, the FGUA and the System Operator shall conduct a final inventory review of such items that are actually in the possession of the System Operator and which shall be conveyed to the CCWSD on the Transfer Date. The inventory of items identified in Appendix "G" shall not be unnecessarily depleted. 5. By bill of sale, all of its rights, remedies, powers, title or interest arising in the FGUA Transition Projects identified in Appendix "B" that are still in process as of the Transfer Date pursuant to Section 4.03(B) hereof; all cash, deposits, prepaid expenses and funds and accounts held under the Indenture of Trust, or otherwise maintained in connection with the Golden Gate System, except as provided in Section 3.01(G) of this Transition Agreement. 6. By transfer, assignment and assumption agreement, the FGUA shall transfer and assign and the CCWSD shall accept and assume the ownership, rights, privileges, duties, obligations and responsibilities of the FGUA pursuant to: all of the FGUA's permits and governmental approvals obtained in connection with the operation of the Golden Gate System and described in Appendix "E"; all of the operating and vendor contracts affecting the Golden Gate System identified in Appendix "H"; all of the agreements entered into between the FGUA, 11 9 9 its predecessors, or third parties that would reasonably be considered to be an encumbrance upon the Golden Gate System that are identified in Appendix "I"; all rights and warranties, including but not limited to those identified in Appendix "D", that the FGUA possesses and that remain in effect as of the Transfer Date against any parties who provided services related to the FGUA Golden Gate System, including those for the FGUA Transition Projects under contract with the FGUA and from all contractors, subcontractors and material suppliers, including for work in process, and for any FGUA Transition Project, to the extent they are assignable; and all claims, including such insurance claims existing as of the Transfer Date such as weather related claims, or causes of action arising out of the FGUA's ownership and operation of the Golden Gate System, reserving to the FGUA the right to subsequently prosecute any claims against parties that relate to damages or expenses sustained by the FGUA that are independent of damages or expenses sustained by the CCWSD. (B) On the Transfer Date, all rights of the FGUA to own and operate the Golden Gate System shall be terminated in accordance with this Transition Agreement and with Resolution 2017- of the Board of County Commissioners of Collier County, Florida, acting ex-officio as the governing board of the Collier County Water-Sewer District, dated November 14, 2017. (C) On the Transfer Date, the FGUA agrees to deliver to CCWSD at CCWSD's reasonable request, to the extent consistent with the requirements set forth in this Transition Agreement, and as allowable by the facts as they are on the Transfer Date, such affidavits as are customary for the deletion of standardized title insurance exceptions contained in a title insurance commitment obtained by CCWSD to insure the real property interests identified in this Transition Agreement. (D) Following the Transfer Date, the FGUA's obligation or responsibility to act or serve as a provider of water or wastewater services as owner of the Golden Gate System will terminate and the CCWSD will assume the obligation and responsibility to provide water and wastewater services as a governmentally owned and controlled service provider within the area previously served by the FGUA. SECTION 3.03. ACCOUNTS RECEIVABLE; CUSTOMER DEPOSITS. (A) The FGUA and the CCWSD agree to cooperate to ensure an orderly transition of all FGUA customers with respect to billing and customer service activities including, but not limited to, working together to achieve a compatible format for transfer of customer data. (B) The parties agree that on and after the Transfer Date, the CCWSD will be entitled to all customer billings not previously collected by the FGUA with respect to water and wastewater collection and treatment services previously rendered by the FGUA, including uncollected revenue from the last FGUA billing period before the Transfer Date, and all subsequent billing periods after the Transfer Date. (C) The CCWSD and the FGUA agree that customer confusion concerning the transition of the Golden Gate System to CCWSD ownership will be reduced if the customers receive their initial bill for services rendered by the CCWSD (the "Initial Bill") in the same 12 9 B billing cycle previously used by the FGUA. To avoid customers receiving two bills, one from the FGUA and one from the CCWSD, for services rendered during the final billing cycle under FGUA ownership, the CCWSD and the FGUA agree that the CCWSD shall initially read customer meters on the date or dates indicated by the FGUA's established billing cycle and the CCWSD shall render the associated bill as the CCWSD's initial bill to customers (the "Initial Bill"). The CCWSD shall retain all revenue received from the Initial Bill and shall be liable for payment of any unpaid fees and costs incurred by the FGUA through the Transfer Date in its provision of water and wastewater service to customers served by the Golden Gate System, as provided by section 3.01(D) of this Transition Agreement. (D) On the Transfer Date, the FGUA shall transfer to the CCWSD a sum of money equivalent to the dollar amount of customer deposits held by the FGUA for the Golden Gate System. As the CCWSD does not collect and retain customer deposits, the CCWSD will assume the obligation to return said customer deposits to those customers of the Golden Gate System that had paid them. (E) If the FGUA receives a payment after the Transfer Date from a former customer of the Golden Gate System, such payment shall be delivered to the CCWSD within seven (7) business days of the FGUA's receipt of such payment, without any right of setoff. SECTION 3.04. STATUS OF TITLE. (A) With the express knowledge of the CCWSD and the approval of the Board of County Commissioners of Collier County, the FGUA acquired the Golden Gate System from the prior owner without any warranties, assurances, or a prior survey of all existing real property interests. The CCWSD hereby acknowledges that the FGUA cannot provide warranties or assurances regarding FGUA property interests received with the original purchase of the Golden Gate System; however, the FGUA represents to the CCWSD that, except for those matters already disclosed to CCWSD and described in Appendix "K", it has not been notified of any claims or disputes with respect to real property or personal property interests necessary to operate the Golden Gate System which are being conveyed to the CCWSD pursuant to this Transition Agreement, and that the FGUA shall convey fee simple title to the real property by special warranty deed. (B) The FGUA shall provide the CCWSD with copies of any surveys of the FGUA's real property interests used in connection with the operation of the Golden Gate System that are in its possession within ten (10) days of the full execution of this Transition Agreement. The CCWSD shall have the option to order a new or updated boundary survey of any or all real property being insured by a title insurance policy hereunder. Such new surveys shall be at the CCWSD's expense and shall meet the minimum Florida standards for boundary surveys. Any such surveys shall (A) be received not less than thirty (30) days prior to the Transfer Date and updated thereafter as required by the title insurer; (B) be satisfactory and sufficient for the title insurer to delete the standard exceptions of title insurance coverage concerning encroachments, overlays, boundary line disputes or any other adverse matter which would be disclosed by an accurate survey; (C) be certified as of the then current date to the CCWSD, the FGUA, the title 13 98 insurance company, the title agent, or any other parties requested by the CCWSD and the title agent; and (D) show the location of all improvements and easements. Regarding material adverse matters (i.e., matters that materially interfere with the present use of the real property) disclosed by such surveys and disclosed to the FGUA, the FGUA will use its reasonable best efforts to assist the CCWSD in resolving such matters and assist in removing exclusions to coverage on the title insurance commitment. Costs incurred by the FGUA in providing such assistance are Transaction Costs as defined in this Transition Agreement. (C) The CCWSD shall, if it elects to do so, within thirty (30) days from the execution of this Transition Agreement obtain at its expense a title insurance commitment or commitments for the real property and other material easement interests as may be identified by the CCWSD from a Florida licensed title insurer of its choosing. Any such commitment shall, upon compliance with requirements set forth therein, commit the title insurer to issue a policy under an ALTA form owner's title insurance policy (the "Title Policy"). The CCWSD shall, within five (5) days of receiving the jacketed and signed commitment, deliver a copy of same to the FGUA. Prior to the Transfer Date, the FGUA will use its reasonable best efforts to assist the CCWSD in resolving any title defects that affect marketability or insurability of title to the interests in real property to be conveyed to the CCWSD. Costs incurred by the FGUA in providing such assistance are Transaction Costs as defined in this Transition Agreement. (D) The estate or interests to be insured by the Title Policy shall consist of all real property and any easements identified to the insurer by the CCWSD, and which are necessary for operation of the Golden Gate System. (E) All charges and costs for the issuance of the owner's title insurance commitments and policy(ies) shall be paid by the CCWSD. SECTION 3.05. TRANSFER DATE. The CCWSD and the FGUA acknowledge the FGUA's contractual obligation to provide its operations and management services contractors a 180-day notice of contract cancellation, and having provided for the payment of said contractors through the final day of the effectiveness of said contracts and termination thereof, hereby establish the Transfer Date as March 1, 2018. Subject to the consent of the Trustee, the CCWSD and the FGUA may mutually agree in writing as provided in Section 5.04 hereof to an alternative Transfer Date. SECTION 3.06. BOND PROCEEDS AND FGUA FUNDS. At least twenty (20) days before the Transfer Date, the CCWSD shall provide directions to the Trustee as to the transfer of moneys in the funds of accounts held under the Indenture as provided for in section 3.01 (B)(15) hereof. SECTION 3.07. OUTSTANDING REGULATORY COMPLIANCE ISSUES. The CCWSD acknowledges the following regulatory compliance issues that are outstanding on the date of this Transition Agreement, and that are described in greater detail in Appendix "L" attached hereto: 14 9 B (A) Florida Department of Environmental Protection Administrative Order AO- 20150616-SD directing the FGUA to correct specified deficiencies; (B) Florida Department of Environmental Protection September 1, 2016, notice regarding WWTP Class I Injection System monitoring data; (C) Florida Department of Environmental Protection October 30, 2015, letter initiating Lead and Copper Rule semi-annual monitoring plan. (D) The CCWSD shall have the opportunity to participate in all negotiations with any relevant governmental regulatory body concerning all required corrective actions and monetary penalties associated with all regulatory compliance issues. The CCWSD agrees that on the Transfer Date, the CCWSD will assume all of the FGUA's obligations with regard to regulatory compliance, including but not limited to, the fulfillment of any condition imposed by a regulatory agency and the payment of any fines, costs and penalties. SECTION 3.08. TRANSFER OF PERMITS. Within ten (10) days after the execution of this Transition Agreement, the CCWSD and the FGUA shall commence requisite action to notify the requisite governmental regulatory agencies of the forthcoming transfer of the permits and governmental approvals identified in Appendix "E" from the FGUA to the CCWSD. Both parties shall timely cooperate and provide all necessary assistance in the transfer of such permits and approvals after conveyance of the Golden Gate System on the Transfer Date. Upon the Transfer Date, the CCWSD shall assume all obligations under the permits and governmental approvals necessary for the continued operation of the Golden Gate System. SECTION 3.09. RISK OF LOSS. At all times prior to and through the Transfer Date, the FGUA shall maintain adequate fire and extended insurance coverage for the cost of any repairs to or replacement of the Golden Gate System that may be required by casualty damage. The risk of loss prior to the Transfer Date shall remain with the FGUA. The risk of loss shall pass to the CCWSD upon the Transfer Date. SECTION 3.10. FGUA DISCLOSURE OBLIGATIONS. The FGUA shall comply with any FGUA disclosure obligations as may be required by the FGUA Bonds and the Indenture of Trust in such manner and time to permit the closing of the transaction contemplated in this Transition Agreement on or before the Transfer Date. SECTION 3.11. FURTHER ASSURANCES. SECTION 3.11. FURTHER ASSURANCES. The FGUA shall, after the Transfer Date, upon reasonable request of the CCWSD, undertake such actions as may reasonably be required to perform any of the FGUA's obligations as set forth in this Transition Agreement, and execute, assign, acknowledge and deliver, or cause to be executed, assigned, acknowledged and delivered, all such further documents, deeds, easements, assignments, transfers, powers of attorney and assurances that are in the ownership or control of the FGUA and as may be reasonably required to perform any of the FGUA's obligations which are being transferred to the CCWSD as set forth in this Transition Agreement. Verifiable costs incurred by the FGUA in fulfilling such request of the CCWSD, or in providing at the request of CCWSD additional information or assistance after the Transfer 15 • 9B Date relating to the Golden Gate System, shall be deemed Transaction Costs, and shall be paid by the CCWSD. SECTION 3.12. DUE DILIGENCE ACCESS RIGHTS. The FGUA and the CCWSD have cooperated in the CCWSD's conduct of due diligence activities through the date of execution of this Transition Agreement, from and after the date of execution of this Transition Agreement by both parties, and at all times prior to the Transfer Date, and the parties agree that the CCWSD shall have the right, at any reasonable times during normal business hours with one (1) day's prior notice to the FGUA, to enter upon the FGUA's property to inspect the Golden Gate System, to familiarize itself with day-to-day operations including access to billing hardware and software, to review the operational practices of the FGUA and the System Operator, to coordinate with the FGUA the necessary transition activities, and to ensure compliance with any and all federal and state regulatory requirements; provided, however, that such access shall not be had or done in any manner so as to unreasonably interfere with the normal conduct of the Golden Gate System. Any additional costs to the FGUA or costs from CCWSD's damage to the Golden Gate System arising out of CCWSD's exercise of its rights of access under this Section 3.12 shall be deemed Transaction Costs payable to the FGUA as set forth in this Transition Agreement. ARTICLE IV TRANSITION PROJECTS SECTION 4.01. FGUA TRANSITION PROJECTS. (A) Subject to the provisions of Section 4.03 below, the FGUA will be responsible for carrying out the FGUA Transition Projects in accordance with their respective Plans and Specifications, including but not limited to (1) the selection of such professionals and consultants as it deems necessary or advisable, and coordinating those consultants and those professionals in the efforts necessary to obtain the appropriate permits, licenses and approvals for the FGUA Transition Projects, and (2) hiring contractors for the FGUA Transition Projects. (B) The FGUA shall obtain all necessary approvals from governmental agencies requisite to construction of the FGUA Transition Projects and will make all reasonable efforts to complete the FGUA Transition Projects prior to the Transfer Date. (C) Engineers engaged by the FGUA shall supervise construction of the FGUA Transition Projects to ensure compliance with the Plans and Specifications and accepted civil engineering practices. The CCWSD shall have the right, but not the obligation, to make inspections and conduct testing of the construction work performed by or for the FGUA on the FGUA Transition Projects. Such inspections and testing shall not be construed to constitute any guarantee on the part of the CCWSD as to materials or workmanship, nor shall they relieve the FGUA of the responsibility for the proper construction of the FGUA Transition Projects in accordance with the Plans and Specifications. 16 9B SECTION 4.02. CCWSD TRANSITION PROJECTS. Following the Transfer Date, the CCWSD will be responsible for completing the CCWSD Transition Projects in accordance with their respective Plans and Specifications, including but not limited to (A) the selection of such professionals and consultants as the CCWSD deems necessary or advisable, and coordinating those consultants and those professionals in the efforts necessary to obtain the appropriate permits, licenses and approvals for the CCWSD Transition Projects, (2) obtaining necessary approvals from governmental agencies requisite to construction of the CCWSD Transition Projects, and (3) hiring contractors to construct the CCWSD Transition Projects. SECTION 4.03. ASSUMPTION OF WORK IN PROCESS. (A) Within thirty (30) days after execution of this Transition Agreement by the last party to sign, the FGUA and the CCWSD shall hold a project status conference to determine which FGUA Transition Projects, if any, will not be completed prior to the Transfer Date. No less than five (5) days before the Transfer Date, the parties shall hold an additional status conference to update the status of the Transition Projects and to reconcile the accounts for such projects. (B) In the event any FGUA Transition Project has not been completed by the Transfer Date, on the Transfer Date the FGUA shall assign in writing to the CCWSD and the CCWSD shall assume all of the FGUA's rights and obligations with regard to the construction contracts, subcontracts and material supply agreements for the FGUA Transition Projects that are not completed on the Transfer Date. Such assignment shall reserve to the FGUA the right to subsequently prosecute any claims against parties that may arise as a result of any claims, actions, losses, damages or expenses sustained by the FGUA arising out of the planning, design and construction of the FGUA Transition Project; provided however, that the CCWSD also shall have the right to prosecute any such claims. ARTICLE V GENERAL PROVISIONS SECTION 5.01. INTERLOCAL AGREEMENT PROVISIONS. Portions of this Transition Agreement may constitute a joint exercise of power, privilege or authority by and between the County, the CCWSD and the FGUA and may be deemed to be an "interlocal agreement" within the meaning of the Florida Interlocal Cooperation Act of 1969, as amended. In recognition thereof, this Transition Agreement shall be filed with the Clerk of the Circuit Court of Collier County. SECTION 5.02. TERM OF AGREEMENT. The term of this Transition Agreement shall commence upon approval and execution by the parties and shall terminate upon conveyance of the Golden Gate System to the CCWSD; provided however, that Article II and Sections 3.01(C), 3.01(D), 3.01(G), 3.03, 3.08, 3.11, 3.12 and 4.02 hereof will not be terminated and shall remain in full force and effect until the obligations of the parties thereunder have been fully performed. 17 9 B SECTION 5.03. DISPUTE RESOLUTION. The parties agree to resolve any dispute related to the interpretation or performance of this Transition Agreement in the manner provided in Chapter 164, Florida Statutes. SECTION 5.04. AMENDMENTS AND WAIVERS. No amendment, supplement, modification or waiver of this Transition Agreement shall be binding unless executed in writing by all parties hereto. No waiver of any of the provisions of this Transition Agreement shall be deemed or shall constitute a waiver of any other provision of this Transition Agreement, whether or not similar, unless otherwise expressly provided. Each such amendment, supplement, modification or waiver of this Transition Agreement shall be filed with the Clerk of the Circuit Court of Collier County. SECTION 5.05. NOTICES. All notices, certificates or other communications hereunder shall be sufficiently given and shall be deemed given when hand delivered or mailed by registered or certified mail, postage prepaid, to the parties at the following addresses: FGUA: Florida Governmental Utility Authority c/o Government Services Group, Inc. Attn: Stephen M. Spratt 280 Wekiva Springs Road Protegrity Plaza, Suite 2070 Longwood, Florida 32779-6026 With a copy to: Nabors, Giblin&Nickerson, P.A. Attn: Heather J. Encinosa 1500 Mahan Drive, Suite 200 Tallahassee, Florida 32308 CCWSD: Collier County Public Utilities Division Attn: Dr. George Yilmaz, Administrator 3301 East Tamiami Trail Naples, Florida 34112 With a copy to: Collier County Attorney Attn: Jeffrey A. Klatzkow, Esq. 3299 East Tamiami Trail, Suite 800 Naples, Florida 34112 18 9B Either of the parties may, by notice in writing given to the others, designate any further or different addresses to which subsequent notices, certificates or other communications shall be sent. Any notice shall be deemed given on the date such notice is delivered by hand, electronic mail or facsimile transmission, or three days after the date mailed. SECTION 5.06. SEVERABILITY. In the event any provision of this Transition Agreement shall be held invalid or unenforceable by any court of competent jurisdiction, such holding shall not invalidate or render unenforceable any other provision hereof. SECTION 5.07. EXECUTION IN COUNTERPARTS. This Transition Agreement may be executed in several counterparts, each of which shall be an original and all of which shall constitute but one and the same instrument. SECTION 5.08. APPLICABLE LAW AND VENUE. This Transition Agreement shall be governed by and construed in accordance with the laws of the State of Florida. Venue for any action or proceeding to construe or enforce the provisions of this Transition Agreement shall be in the Circuit Court in and for Collier County, Florida. SECTION 5.09. THIRD PARTIES. Nothing in this Transition Agreement is intended to inure to the benefit of any third party. SECTION 5.10. ENTIRE AGREEMENT. This Transition Agreement constitutes the entire agreement among the parties pertaining to the subject matter hereof, and supersedes all prior and contemporaneous agreements, understandings, negotiations and discussions of the parties, whether oral or written, pertaining to the transaction contemplated herein, except the Golden Gate Interlocal Agreement and any agreements related thereto which shall remain in effect through the Transfer Date should the transaction contemplated in this Transition Agreement fail to close or otherwise be delayed. There are no warranties, representations or other agreements among the parties in connection with the subject matter hereof, except as specifically set forth herein. (Signatures on following pages) 19 9 8 IN WITNESS WHEREOF, the Board of County Commissioners of Collier County, as the governing board of Collier County, Florida, and ex-officio as the governing board of the Collier County Water-Sewer District, has caused this Utility System Transition Agreement to be executed and delivered this Ico% day of gtitin6v2017. ; ;,,,,t ,; BOARD OF COUNTY COMWSSIONERS OF COLLIER COUNTY, as the governing board of Collier County,Flortda,'and ex-officio as the governing board of the COLLIER COUNTY WATER-SEWER DISTRICT l`'liii,,', By: ‘f Penny Ta or, Ch an ATTEST: DWIGHT E. B .ZQCK, Clerk \ F ' �~ ) a By: j'Y , 1 i 'GC . Deputy Clerkoil attest as to Takata signature only. Approved as to f. and le:.lity: ifi WScott R.' each Deputy County Attorney 20 • 98 IN WITNESS WHEREOF, the Florida Governmental Utility Authority has caused this Utility System Transition Agreement to be executed and delivered this day of , 2017. FLORIDA GOVERNMENTAL UTILITY AUTHORITY By: Lea Ann Thomas, Chair ATTEST: Secretary-Treasurer 21 9 B APPENDIX "A" CCWSD TRANSITION PROJECTS Project Name: Golden Gate LS 4 Collection System Repairs Project No.: GGP09 Engineer: Source, Inc. Engineer WA: SI 17-01 and PO #20170255 Contractor: TBD Status: Currently the Engineer, Source, Inc., has completed the draft bid docs. The draft bid docs need to be reviewed and finalized before the project is advertised for bid. The lift station #4 collection system has severe defects which need to be corrected. This project includes the rehabilitation of the collection system via liners, point repairs, lateral repairs, testing and sealing, and cleaning & televising. Project Name: Golden Gate WWTP DIW & MW Tracer Plan Project No.: N/A—Operational Expense Engineer: CDM Smith, Inc. Engineer WA: CDM 17-01 and PO #20170285 Contractor: TBD, sampling anticipated to be performed by the operator. Status: The Florida Department of Environmental Protection requested that the FGUA further investigate the use of tracers as a method to determine the potential hydraulic connection between the Golden Gate Class I Injection Well and the lower monitoring zones in the on-site dual zone monitoring well. This concern originates from a notice received by FDEP, dated September 1, 2016. The FGUA engaged CDM Smith, Inc. to prepare a written tracer plan for the evaluation of any potential hydraulic connection. As of 8/24/2017 discussions have been held with FDEP regarding the draft tracer plan and based on these discussions the written tracer plan is being finalized. Upon finalization of the tracer plan, a 6-12 month evaluation/ sampling period will be performed and based on the results, direction of any future work (if any) will be determined. 9B Project Name: Guaranteed Energy, Water and Wastewater Performance Savings Contract (GG) Project No.: FGUA PO# 20160353, Siemens Project Number 44OP-162921 Engineer: Siemens Industry, Inc. Engineer WA:N/A Contractor: Siemens Industry, Inc. Status: This project consists of three Facility Improvement Measures (FIM's): Lighting improvements at the Golden Gate Booster Pump Station, replacing two of the three blowers at the Golden Gate Wastewater Treatment Plant with Neuros high speed turbo blowers, and Advanced Metering Infrastructure (AMI) upgrades. The lighting improvements are currently being scheduled by the Contractor, the Neuros blowers have been delivered (the pre-construction meeting for this FIM is currently scheduled for 9/29/2017), and the AMI upgrades are in- progress. Although this project is anticipated to be substantially complete prior to Collier County acquiring the Golden Gate system, Collier County will be responsible for the annual payments to Siemens Industry, Inc. that are associated with the Performance Assurance Service Program (PASP) as discussed in Schedule C, Article 2 of the Contract once the acquisition has occurred. The PASP is necessary to maintain the savings guarantee provided by the Contract. 9 E APPENDIX"B" FGUA TRANSITION PROJECTS FGUA WA FGUA Project JOB COMPLETION Contractor No No. Description Comments DATE USWWT 17-58 GGP01 #18 PUMP#1 COMPLETE, 11/7/2016 REPLACEMENT PENDING INVOICE USWWT 17-63 GGPO1 LS#19 REPLACE PUMP#2 COMPLETE, 11/7/2016 PENDING INVOICE USWWT 17-59 TBD GG LS#1 PUMP#2 COMPLETE, 12/13/2016 REPLACEMENT PENDING INVOICE USWWT 17-137 GGP01 GG-LS#13 Pump#1 COMPLETE, 1/5/2017 Replacement PENDING INVOICE GOLDEN GATE-SUPPORT USWWT 17-200 TBD NEW HYDRANT INSTALL COMPLETE, 4/5/2017 AT 12285 COLLIER BLVD PENDING INVOICE REPAIR FORCE MAIN USWWT TBD TBD BREAK(3RD PARTY)AT COMPLETE, 5/9/2017 4916 GOLDEN GATE PENDING INVOICE PKWY REPAIR FORCE MAIN COMPLETE, USWWT 17-222 TBD BREAK AT WHISTLER'S 5/12/2017 GREEN APARTMENTS PENDING INVOICE GG RO WASTE STREAM COMPLETE, USWWT TBD TBD ANALYSIS FOR DIW 5/15/2017 PENDING INVOICE PERMIT RENEWAL GOLDEN GATE 10 INCH COMPLETE, USWWT TBD TBD WM BREAK AT 3000 5/22/2017 PENDING INVOICE TROPICANA PKWY GG REHAB PUMPS AT COMPLETE, USWWT 17-19 GGP03 GREEN BLVD BOOSTER 5/23/2017 STATION PENDING INVOICE USWWT TBD TBD 10 INCH WM BREAK AT COMPLETE, 5/28/2017 2701 44TH ST SW PENDING INVOICE GOLDEN GATE 6 INCH USWWT 17-201 TBD WM BREAK AT 5460 COMPLETE, 5/29/2017 LAUREL RIDGE LANE ON PENDING INVOICE GREEN BLVD. 9 B FGUA WA FGUA Project JOB COMPLETION Contractor No No. Description Comments DATE E&D REHAB OF TREATMENT CLOSEOUT IN Contracting N/A GGP07 UNIT NO.1 GOLDEN PROGRESS 6/12/2017 Services GATE WWTP GG REPLACE FAILED COMPLETE, USWWT 17-135 GGP02 PLANT#1 HYDRO 6/23/2017 RANGER FLOW METER PENDING INVOICE REPLACE DIW ANNULUS COMPLETE, USWWT 17-136 GGP02 PRESSURE TANK AND AIR 7/13/2017 PENDING INVOICE COMPRESSOR USWWT 17-07 GGP02 GG WWTP REPLACE COMPLETE, 8/10/2017 CLARIFIER DRIVE#2 PENDING INVOICE SIEMENS METER USWWT 17-24 GGP05 CHANGEOUT RELATED COMPLETE, 8/16/2017 WORK PENDING INVOICE USWWT 17-224 TBD CATWALK AND PLANT#1 COMPLETE, 8/18/2017 WELDING REPAIRS PENDING INVOICE USWWT 17-127 GGP03 GG WTP TV AND REHAB IN PROGRESS TBD WELLS 1,3,4 USWWT 17-186 TBD TV WELL#2A,#5,#8,#10 IN PROGRESS TBD AND#11 FOR DAMAGE GOLDEN GATE-CORE USWWT 17-210 TBD DRAIN HOLE FOR OLD IN PROGRESS TBD SULFURIC TANK CONTAINMENT GOLDEN GATE-INSTALL USWWT 17-243 TBD DISCONNECTS FOR HIGH IN PROGRESS TBD SERVICE PUMPS AT WTP GG WWTP INSTALL DIW USWWT 17-47 GGP02 BACKUP GENERATOR IN PROGRESS TBD AND ATS USWWT TBD TBD GOLDEN GATE-DIW IN PROGRESS TBD PUMP#2 FAILURE USWWT TBD TBD GG MEMBRANE IN PROGRESS TBD ELEMENT DAMAGE 9B APPENDIX "C" REAL PROPERTY, EASEMENTS AND INTANGIBLE RIGHTS Real Property Parcel 1 Water Treatment Plant Site 4781 Green Blvd. Parcel ID No. 37920040003 Book 2536, Page 900 Tract 1, GOLDEN GATE ESTATES, UNIT 26, a Subdivision, according to the Map or Plat thereof on file and recorded in the Office of the Clerk of the Circuit Court, recorded in Plat Book 7, Pages 15 and 16, Public Records of Collier County, Florida; LESS AND EXCEPT that parcel of land conveyed to South Florida Management District described in Quit Claim Deed recorded in Official Records Book 1604, Page 800. Parcel 2 Wastewater Treatment Plant Site 4931 3rd Ave. SW Parcel ID No. 36450440006 Book 2536, Page 0900 and Book 2536, Page 0908 All of Blocks 255, 257 and 258, Unit 7, Golden Gate, a Subdivision, according to the Map or Plat thereof on file and recorded in the Office of the Clerk of the Circuit Court, recorded in Plat Book 5, page 135, Public Records of Collier County, Florida. Parcel 3 Wastewater Treatment Plant Site 4300 Golden Gate Pkwy. Parcel ID No. 36560120009 Book 2536, Page 0900 A parcel of land in Collier County, Florida, more particularly described as follows and being a part of the Plat of Tract A of GOLDEN GATE UNIT 8, PART 2, as recorded in Plat Book 9, Page 111, of the Public Records of Collier County, Florida, more particularly described as follows: COMMENCING at the Northwest corner of Tract A; thence running South a distance of 649.27 feet along the West boundary of said Tract A; thence running East 336.31 feet to a point, said point being also described as the POINT OF BEGINNING; thence run North 89° 54' 21" East, a distance of 333.15 feet to a point; thence run North 0° 09' 03" East a distance of 75.04 feet to a point; thence run North 23° 43' 43" East a distance of 104.18 feet to a point; thence run North 9 B 47° 07' 42" West a distance of 196.55 feet to a point; thence run South 89° 44' 56" West a distance of 184.50 feet to a point; thence run South 50° 09' 46" West a distance of 14.20 feet to a point; thence run South 11° 04' 09" West a distance of 113.36 feet to a point; thence run South 3° 45' 30" West a distance of 183.92 feet to the POINT OF BEGINNING. Parcel 4 Lift Station 4475 23rd Ave. SW Parcel ID No. 35774000000 Book 2536, Page 900 The South 35 feet of the West 35 feet of Lot 1, Block 59, UNIT 2, GOLDEN GATE SUBDIVISION, according to the Map or Plat thereof on file and recorded in the Office of the Clerk of the Circuit Court, recorded in Plat Book 5, Pages 65 thru 77, the Public Records of Collier County, Florida. Note: Any information in this Appendix related to the real property in addition to the actual legal descriptions is provided for informational purposes only. To the extent that the additional information describes land different from the actual legal description, the actual legal description shall control. Easements and Licenses 1. That certain UTILITY EASEMENT dated June 12, 2001, by Collier County to the Florida Governmental Utility Authority, recorded in Official Records Book 2931, Page 1895 of the Public Records of Collier County, Florida. 2. That certain EASEMENT dated July 12, 2002, by Wayne Ruben and Benderson Development Company, Inc., to the Florida Governmental Utility Authority, recorded in Official Records Book 3109, Page 2916 of the Public Records of Collier County, Florida. 3. That certain UTILITY EASEMENT dated March 20, 2003, by Collier County to the Florida Governmental Utility Authority, recorded in Official Records Book 3399, Page 2351 of the Public Records of Collier County, Florida. 4. That certain FIRELINE AND HYDRANT UTILITY EASEMENT dated November 20, 2003 by the District School Board of Collier County, Florida, to the Florida Governmental Utility Authority, recorded in Official Records Book 3491, Page 3483 of the Public Records of Collier County, Florida. ` 9 B 5. That certain UTILITY EASEMENT dated June 23, 2005, by the District School Board of Collier County, Florida, to the Florida Governmental Utility Authority, recorded in Official Records Book 4112, Page 0766 of the Public Records of Collier County, Florida. 6. That certain UTILITY EASEMENT dated June 23, 2005, by the District School Board of Collier County, Florida, to the Florida Governmental Utility Authority, recorded in Official Records Book 4112, Page 0775 of the Public Records of Collier County, Florida. 7. That certain RIGHT-OF-WAY AND EASEMENT dated December 1, 1983, by Avatar Properties, Inc., to Avatar Utilities, Inc., recorded in Official Records Book 1052, Page 1631 of the Public Records of Collier County, Florida, as assigned by that certain ASSIGNMENT OF EASEMENT dated October 27, 2006, by and between Avatar Utilities, Inc., and the Florida Governmental Utility Authority, recorded in Official Records Book 4141, Page 1638 of the Public Records of Collier County, Florida. 8. That certain UTILITY EASEMENT dated March 20, 2008, by the District School Board of Collier County to the Florida Governmental Utility Authority, recorded in Official Records Book 4380, Page 0387 of the Public Records of Collier County, Florida. 9. That certain UTILITY EASEMENT dated May 20, 2008, by Collier County to the Florida Governmental Utility Authority, recorded in Official Records Book 4380, Page 0395 of the Public Records of Collier County, Florida. 10. That certain UTILITY EASEMENT dated June 25, 2008, by Win-Golden Gate Ltd., to the Florida Governmental Utility Authority, recorded in Official Records Book 4386, Page 2934 of the Public Records of Collier County, Florida. 11. That certain UTILITY EASEMENT dated October 17, 2008, by Jose M. Saco and Yvette L. Saco (Husband and Wife) to the Florida Governmental Utility Authority, recorded in Official Records Book 4432, Page 3171 of the Public Records of Collier County, Florida. 12. That certain UTILITY EASEMENT dated November 6, 2009, by Golden Gate Country Club Owners representative to the Florida Governmental Utility Authority, recorded in Official Records Book 4508, Page 1308 of the Public Records of Collier County, Florida. 13. That certain UTILITY EASEMENT dated November 16, 2010, by Diocese of Venice to the Florida Governmental Utility Authority, recorded in Official Records Book 4644, Page 1265 of the Public Records of Collier County, Florida. 14. That certain UTILITY EASEMENT dated April 7, 2011, by West Coast Development Corporation of Naples, Inc., to the Florida Governmental Utility Authority, recorded in Official Records Book 4688, Page 383 of the Public Records of Collier County, Florida. 98 15. That certain UTILITY EASEMENT dated October 31, 2013, by David Lawrence Mental Health Center, Inc., to the Florida Governmental Utility Authority, recorded in Official Records Book 5006, Page 3212 of the Public Records of Collier County, Florida. 16. That certain UTILITY FACILITES AND/OR UTILITIES EASEMENT(S) SUBORDINATION dated February 22, 2008, by U.S. Bank National Association, successor in interest to SunTrust Bank, Trustee, in favor of the Florida Governmental Utility Authority, recorded in Official Records Book 4335, Page 0409 of the Public Records of Collier County, Florida. 17. That certain SUBORDINATION OF MORTGAGE AND SECURITY DOCUMENTS dated May 6, 2011, by Stonegate Bank and Florida Governmental Utility Authority, recorded in Official Records Book 4801, Page 1583 of the Public Records of Collier County, Florida. 18. That certain UTILITY FACILITIES WARRANTY DEED dated June 23, 2005, between the District School Board of Collier County, Florida, and the Florida Governmental Utility Authority, recorded in Official Records Book 4112, Page 0769 of the Public Records of Collier County, Florida. 19. That certain UTILITY FACILITIES WARRANTY DEED dated June 23, 2005, between the District School Board of Collier County, Florida, and the Florida Governmental Utility Authority, recorded in Official Records Book 4112, Page 0772 of the Public Records of Collier County, Florida. 20. That certain UTILITY EASEMENT dated January 15, 1987, between Avatar Properties Inc., and Avatar Utilities Inc. of Florida, recorded in Official Records Book 1251, Page 0790 of the Public Records of Collier County, Florida. 21. That certain NON-EXCLUSIVE & PERPETUAL WATER PIPELINE EASEMENT GRANT dated May 14, 1990, between Barnett Bank of Naples and Florida Cities Water Company, recorded in Official Records Book 1577, Page 0534 of the Public Records of Collier County, Florida. 22. Easements created in that certain QUIT-CLAIM DEED dated February 25, 1985, by and between Domenic D'Agostino, Mario Vocisano, Salvatore Forlani, and Robert Vocisano, a Florida general partnership, and Avatar Utilities, Inc. of Florida, recorded in Official Records Book 1131, Page 1230 of the Public Records of Collier County, Florida. 23. That certain EXCLUSIVE AND PERPETUAL WASTEWATER FORCE MAIN EASEMENT GRANT dated August 11, 1998, between the David Lawrence Foundation for Mental Health, Inc., and Florida Cities Water Company, recorded in Official Records Book 2462, Page 0189 of the Public Records of Collier County, Florida, and re-recorded 9 B in Official Records Book 2500, Page 0411 of the Public Records of Collier County, Florida. 24. That certain EXCLUSIVE AND PERPETUAL WASTEWATER PUMPING STATION EASEMENT GRANT dated August 11, 1998, between the David Lawrence Foundation for Mental Health, Inc., and Florida Cities Water Company, recorded in Official Records Book 2462, Page 0199 of the Public Records of Collier County, Florida, and re-recorded in Official Records Book 2500, Page 0421 of the Public Records of Collier County, Florida. 25. That certain GRANT OF EASEMENT dated April 10, 1984, between Ron Flavis and Harry C. Good, as grantors, and Avatar Utilities of Florida, Inc., as grantee, recorded in Official Records Book 1078, Page 1190 of the Public Records of Collier County, Florida. 26. That certain RIGHT-OF-WAY WATER PIPELINE EASEMENT GRANT dated August 21, 1995, between Avatar Properties Inc., and Florida Cities Water Company, recorded in Official Records Book 2096, Page 2196 of the Public Records of Collier County, Florida. 27. The reservation of rights in that certain RIGHT-OF-WAY AND EASEMENT dated September 17, 1984, between Avatar Properties Inc., as grantor, and Florida Power & Light Corporation, as grantee, recorded in Official Records Book 1102, Page 0252 of the Public Records of Collier County, Florida. 28. That certain unrecorded UTILITY EASEMENT — GOLDEN GATE ELEMENTARY dated June 21, 2001, by The School Board of Collier County, Florida, as grantor, to the Florida Governmental Utility Authority, as grantee. 29. That certain GRANT OF EASEMENT dated September 27, 1982, by Golden Gate Plaza, Ltd., as grantor, to Avatar Utilities, Inc., as grantee, recorded in Official Records Book 0994, Page 1743 of the Public Records of Collier County, Florida. 30. That certain EXCLUSIVE AND PERPETUAL UTILITY EASEMENT GRANT dated September 13, 1989, between Golden Gate Shopping Center Company, and Florida Cities Water Company, recorded in Official Records Book 1561, Page 0421 of the Public Records of Collier County, Florida. 31. That certain EXCLUSIVE AND PERPETUAL UTILITY EASEMENT GRANT dated September 13, 1989, between Golden Gate Shopping Center Company, and Florida Cities Water Company, recorded in Official Records Book 1561, Page 0417 of the Public Records of Collier County, Florida. 32. That certain EXCLUSIVE & PERPETUAL WATER PIPELINE EASEMENT GRANT dated November 21, 1989, between Naples-Green Blvd. Joint Venture and Avatar 98 Utilities Inc. of Florida, recorded in Official Records Book 1491, Page 1368 of the Public Records of Collier County, Florida. 33. That certain EXCLUSIVE & PERPETUAL GRAVITY SEWER MAIN EASEMENT GRANT dated November 21, 1989, between Naples-Green Blvd. Joint Venture and Avatar Utilities Inc. of Florida, recorded in Official Records Book 1491, Page 1351 of the Public Records of Collier County, Florida. 34. That certain unrecorded EASEMENT VACATION dated July 9, 1980, by GAC Utilities Inc. of Florida, in favor of John W. Payne. 35. That certain EXCLUSIVE & PERPETUAL WASTEWATER FORCE MAIN EASEMENT GRANT dated April 6, 1989, between The School Board of Collier County, Florida, and Florida Cities Water Company, recorded in Official Records Book 1452, Page 1435 of the Public Records of Collier County, Florida. 36. That certain EXCLUSIVE AND PERPETUAL WASTEWATER PUMPING STATION EASEMENT GRANT dated April 6, 1989, between The School Board of Collier County, Florida, and Avatar Utilities Inc., of Florida, recorded in Official Records Book 1452, Page 1430 of the Public Records of Collier County, Florida. 37. That certain unrecorded UTILITY EASEMENT dated June 17, 1999, by John J. Nevins, as Bishop of the Diocese of Venice, grantor, to the Florida Governmental Utility Authority, grantee. 38. All other easements, licenses, rights of ingress and egress, right-of-way utilizations and other access rights of any kind used in the operation of the Golden Gate System owned or possessed by the FGUA, whether recorded or unrecorded. 9 B APPENDIX"D" WARRANTIES FOR CONSTRUCTION IN PROGRESS Emergency USWWT FGUA FGUA Amount JOB WO Purchase WARRANTY Contractor Tracking WA System Project Description Submitted Comments COMPLETION No. No No. Estimated Order No END DATE Amount /Approved DATE EXTEND 8 INCH USWWT 2570-217 16-305 GG GGPO1 FM AT CR-951 N/A 20160412 COMPLETE 9/15/2016 9/15/2017 AND PINE 9,373.70 RIDGE ROAD _ GREEN BLVD USWWT 2570-198 16-232 GG GGP03 BOOSTER N/A 20160375 COMPLETE 9/21/2016 9/21/2017 STATION GST 59,503.90 REPAIRS GG WWTP DRAIN AND USWWT 2570-189 16-248 GG GGP07 CLEAN PLANT N/A 59,471.09 20160369 COMPLETE 9/27/2016 9/27/2017 #2 INCLUDING DIFFUSERS GOLDEN GATE WTP LIGHTNING STRIKE USWWT 2590-576 16-342 GG OP EX DAMAGED N/A COMPLETE 10/10/2016 10/10/2017 NETWORK 7,000.00 6,964.99 CARD FOR TRAIN#1 AND TUA FLOW METER DISPLAY GG WWTP USWWT 2570-223 17-41 GG OP EX LIGHTNING 20170106 COMPLETE 10/10/2016 10/10/2017 STRIKE 10,000.00 116.44 DAMAGE GG WWTP DIW USWWT 2570-227 17-39 GG OP EX MW INTEGRITY N/A 19,926.54 20170093 COMPLETE 10/28/2016 10/28/2017 TEST LS#18 PUMP 20170182 COMPLETE, USWWT 2570-216 17-58 GG GGP01 #1 renumber PENDING 11/7/2016 11/7/2017 REPLACEMENT 16,000.00 12,364.54 ed INVOICE 20170226 20170184 COMPLETE, LS USWWT 2570-226 17-63 GG GGP01 #19 REPLACE renumber PENDING 11/7/2016 11/7/2017 PUMP#2 15,000.00 12,888.18 ed INVOICE 20170227 GG LIFT STATION PUMP USWWT 2570-103 16-08 GG GGP01 REPLACEMENTS N/A 20160068 COMPLETE 12/8/2016 12/8/2017 AND 14,054.84 IMPROVEMENT S GG IS#1 PUMP COMPLETE, USWWT 2570-230 17-59 GG TBD #2 22 000.00 21,803.12 TBD PENDING 12/13/2016 12/13/2017 REPLACEMENT INVOICE GG-LS#13 COMPLETE, USWWT 2570-232 17-137 GG GGP01 Pump#1 10,000.00 10,838.18 20170287 PENDING 1/5/2017 1/5/2018 Replacement INVOICE it 9 Emergency USWWT FGUA FGUA Amount JOB WO Purchase WARRANTY Contractor Tracking WA System Project Description Submitted Comments COMPLETION No. No No. Estimated Approved Order No DATE END DATE Amount USWWT 2570-197 16-193 GG GGP03 WTP CAUSTIC N/A 20160296 COMPLETE 1/6/2017 1/6/2018 FEED SYSTEM 67,788.32 GG WTP HSP#2 USWWT 2570-209 16-277 GG GGP03 DISCHARGE N/A 2,305.68 20160397 COMPLETE 1/10/2017 1/10/2018 VALVE INSTALL AN USWWT 2570-221 17-12 GG GGP03 ARV ON HSP N/A 20170100 COMPLETE 1/10/2017 1/10/2018 DISCHARGE 1,224.95 PIPE GG INSTALL ETHERNET USWWT 2570-218 17-08 GG GGP03 SURGE N/A 3,715.23 20170117 COMPLETE 1/13/2017 1/13/2018 PROTECTION AT WTP INSTALL SODIUM USWWT 2570-215 16-286 GG GGP03 HYDROXIDE N/A 32 822 17 20160415 COMPLETE 1/16/2017 1/16/2018 FEED SYSTEM CONTROL REPLACE WWTP USWWT 2570-190 17-36 GG GGP02 CHLORINE N/A 20170105 COMPLETE 1/20/2017 1/20/2018 PUMP SKID 25,125.40 AND CHLORINE PUMP#3 GOLDEN GATE BAC-T TESTING USWWT 2570-234 17-167 GG OPEX FOR TANK N/A 20170289 COMPLETE 1/25/2017 1/25/2018 INSPECTIONS 660.46 AT GOLDEN GATE REPLACE TUA USWWT 2570-203 17-125 GG GGP03 DRIVE UNIT AT 20170265 COMPLETE 1/27/2017 1/27/2018 THE GOLDEN 10,000.00 25,124.72 GATE WTP GG REPLACE CHECK VALVE USWWT 2570-210 17-04 GG GGP03 FOR PUMP#1 N/A 20170116 COMPLETE 2/3/2017 2/3/2018 AT GREEN BLVD 8,866.87 BOOSTER STATION REPLACE GREEN BLVD USWWT 2570-219 17-09 GG GGP03 BOOSTER N/A 20170099 COMPLETE 2/3/2017 2/3/2018 STATION PUMP 38,530.26 ISOLATION VALVES DISPOSE OF OLD BULK USWWT 2570-231 17-148 GG OP EX SULFURIC ACID 20170257 COMPLETE 2/21/2017 2/21/2018 (H2SO4)AT 10,000.00 13,986.28 GOLDEN GATE WTP WELL#5 USWWT 2570-235 17-114 GG GGP03 REPLACE N/A 20170193 COMPLETE 3/9/2017 3/9/2018 ISOLATION AND 3,901.66 CHECK VALVE 913 Emergency W USWT FGUA FGUA Amount JOB WO Purchase WARRANTY Contractor Tracking WA System Project Description Submitted Comments COMPLETION No. No No. Estimated /Approved Order No DATE END DATE Amount GG REPLACE#1 USWWT 2570-220 17-13 GG GGP03 LIME SLURRY N/A 16,917.54 20170101 COMPLETE 3/21/2017 3/21/2018 PUMP GOLDEN GATE- SUPPORT NEW HYDRANT COMPLETE, USWWT 2570-245 17-200 GG TBD INSTALL AT N/A 1,500.59 TBD PENDING 4/5/2017 4/5/2018 12285 COLLIER INVOICE BLVD WTP IPS PUMP USWWT 2570-238 17-131 GG GGP03 #2 N/A 7,505.58 20170247 COMPLETE 4/12/2017 4/12/2018 REPLACEMENT REPAIR FORCE MAIN BREAK COMPLETE, USWWT 2510-03 TBD GG TBD (3RD PARTY)AT TBD PENDING 5/9/2017 5/9/2018 4916 GOLDEN 10,000.00 INVOICE GATE PKWY REPAIR FORCE MAIN BREAK AT COMPLETE, USWWT 2570-250 17-222 GG TBD WHISTLER'S 10,000.00 6,740.66 TBD PENDING 5/12/2017 5/12/2018 GREEN INVOICE APARTMENTS GG RO WASTE STREAM COMPLETE, USWWT 2570-249 TBD GG TBD ANALYSIS FOR TBD TBD TBD PENDING 5/15/2017 5/15/2018 DIW PERMIT INVOICE RENEWAL INSTALL PH USWWT 2570-222 17-66 GG MONITORING N/A 20170185 COMPLETE 5/16/2017 5/16/2018 AT FINISHED 6,979.93 WATER GOLDEN GATE 10 INCH WM COMPLETE, USWWT 2570-254 TBD GG TBD BREAK AT 3000 5,000.00 TBD TBD PENDING 5/22/2017 5/22/2018 TROPICANA INVOICE PKWY GG REHAB PUMPS AT COMPLETE, USWWT 2570-211 17-19 GG GGP03 GREEN BLVD N/A 55,993.17 20170118 PENDING 5/23/2017 5/23/2018 BOOSTER INVOICE STATION 10 INCH WM COMPLETE, USWWT 2570-XX TBD GG TBD BREAK AT 2701 10,000.00 TBD TBD PENDING 5/28/2017 5/28/2018 44TH ST SW INVOICE GOLDEN GATE 6 INCH WM COMPLETE, USWWT 2570-255 17-201 GG TBD BREAK AT 5460 TBD PENDING 5/29/2017 5/29/2018 LAUREL RIDGE 15,000.00 6,687.51 INVOICE LANE ON GREEN BLVD. GOLDEN GATE WWTP- UPGRADE THE USWWT 2570-246 17-165 GG GGP02 DIFFUSER N/A g 865 29 20170288 COMPLETE 6/12/2017 6/12/2018 SOCKS& INSTALL 30 NEW e USWWT FGUA FGUA EmergencyAmount JOB WO Purchase WARRANTY Contractor Tracking WA System Project Description Submitted Comments COMPLETION No. No No. Estimated Order No END DATE Amount /Approved DATE DIFFUSERS FOR PLANT#1 REHAB OF E&D TREATMENT CLOSEOUT Contracting N/A N/A GG GGP07 UNIT NO.1 N/A 1,044,075.0 20170167 IN 6/12/2017 6/12/2018 Services GOLDEN GATE 0 PROGRESS WWTP GG REPLACE FAILED PLANT COMPLETE, USWWT 2570-236 17-135 GG GGP02 #1 HYDRO N/A 4,800.39 20170198 PENDING 6/23/2017 6/23/2018 RANGER FLOW INVOICE METER GG WWTP DRAIN AND USWWT 2570-186 16-247 GG GGP07 CLEAN PLANT N/A 97 217 92 20160370 COMPLETE 6/26/2017 6/26/2018 #1 FOR PLANT REHAB WORK REPLACE DIW ANNULUS COMPLETE, USWWT 2570-239 17-136 GG GGP02 PRESSURE N/A 18,475.84 20170199 PENDING 7/13/2017 7/13/2018 TANK AND AIR INVOICE COMPRESSOR GG WWTP REPLACE COMPLETE, USWWT 2570-205 17-07 GG GGP02 CLARIFIER N/A 34,575.19 20170124 PENDING 8/10/2017 8/10/2018 DRIVE#2 INVOICE SIEMENS METER COMPLETE, USWWT 17-24 GG GGP05 CHANGEOUT N/A 22,424.71 20170042 PENDING 8/16/2017 8/16/2018 RELATED WORK INVOICE CATWALK AND PLANT#1 COMPLETE, USWWT 2570-259 17-224 GG TBD WELDING N/A 25 926 99 TBD PENDING 8/18/2017 8/18/2018 REPAIRS INVOICE GG WTP TV IN USWWT 2570-225 17-127 GG GGP03 AND REHAB N/A TBD TBD 48,016.19 20170195 PROGRESS WELLS 1,3,4 TV WELL#2A, USWWT 2570-252 17-186 GG TBD #5,#8,#10 N/A TBD IN TBD TBD AND#11 FOR 41,468.82 PROGRESS DAMAGE GOLDEN GATE- CORE DRAIN IN USWWT 2570-253 17-210 GG TBD HOLE FOR OLD N/A TBD TBD 1,288.69 TBD PROGRESS SULFURIC TANK CONTAINMENT GOLDEN GATE- INSTALL USWWT 2570-260 17-243 GG TBD DISCONNECTS N/A TBD IN TBD TBD FOR HIGH 37,489.86 PROGRESS SERVICE PUMPS AT WTP GG WWTP INSTALL DIW IN USWWT 2570-201 17-47 GG GGP02 BACKUP N/A TBD TBD 61,538.69 20170119 PROGRESS GENERATOR AND ATS : 98 Emergency USWWT FGUA FGUA Amount JOB WO Purchase WARRANTY Contractor Tracking WA System Project Description Submitted Comments COMPLETION No. No No. Estimated Approved Order No DATE END DATE Amount GUARANTEED ENERGY, WATER AND IN SIEMENS N/A N/A GG WASTEWATER N/A 1,040,387.0 20160353 TBD TBD PROGRESS PERFORMANCE 0 SAVINGS CONTRACT GOLDEN GATE- IN USWWT 2570-261 TBD GG TBD DIW PUMP#2 TBD TBD 20,000.00 TBD TBD PROGRESS FAILURE GG MEMBRANE IN USWWT 2570-240 TBD GG TBD ELEMENT TBD TBD 70,000.00 TBD TBD PROGRESS DAMAGE - '9 P APPENDIX"E" PERMITS WATER Florida Department of Environmental Protection Public Water System ID No. 5110117 South Florida Water Management District Water Use Permit No. 11-00148-W (Issued March 1, 2010—Expires March 10, 2030) WASTEWATER Florida Department of Environmental Protection Domestic Wastewater Facility Permit No. FLA 142140 (Issued June 16, 2015—Expires June 15, 2020) CLASS 1 INJECTION SYSTEM Florida Department of Environmental Protection IW-1 Operation Permit No. 263889-003-UO/1I (Issued July 16, 2012—Expired July 15, 2017—Renewal application pending) 9P APPENDIX "F" INVENTORY OF EQUIPMENT FGUA OWNED EQUIPMENT IN GOLDEN GATE N0. 'ITEM YEAR MAKE CONDITION 1 John Deere Tractor with mower&pull behind disc John Deere Good 2 Portable Generator Good 3 Toro Lawn Mower 2017 Toro 3000 series Z master 25.5HP Excellent 4 6-Inch Trash Pump Marrow Poor 5 Lab Incubator @ WWTP Fisher Scientific Good 6 Lab Oven @ WWTP Blue M Good 7 Weigh scales @ WWTP Fisher Scientific Good 8 Microscope Micromaster Good 9 SCBA equipment @ WTP Raco Average,haven't been certified and no longer in use 10 SCBA equipment @ WTP Scott Average,haven't been certified and no longer in use 11 3-Power Data Loggers 500a @ WWTP Good - 9 APPENDIX "G" ESTIMATED INVENTORY LEVELS—PARTS, CHEMICALS, AND RESIDUALS Miscellaneous Parts Location Name/Description Category Size Qty Golden Gate comp.x male coupling Brass parts 3/4" 1 Golden Gate comp.x male coupling Brass parts 1" 1 Golden Gate comp x female coupling Brass parts 1" 1 Golden Gate 3"nipple Brass parts 3/4" 1 Golden Gate 6"nipple Brass parts 3/4" 1 Golden Gate 12"nipple Brass parts 3/4" 1 Golden Gate comp.x comp. coupling Brass parts 1" 2 Golden Gate comp.x comp. coupling Brass parts 2" 2 Golden Gate meter spud Brass parts 1" 2 Golden Gate meter spanner Brass parts 3/4" 2 Golden Gate meter spanner Brass parts 1" 2 Golden Gate corp. stop Brass parts 3/4" 2 Golden Gate corp. stop Brass parts 1" 2 Golden Gate meter yoke Brass parts 1" 2 Golden Gate 3"nipple Brass parts 1-1/2" 2 Golden Gate fem x fem valve Brass parts 1" 4 Golden Gate meter yoke Brass parts 3/4" 4 Golden Gate comp.x comp.coupling Brass parts 3/4" 5 Golden Gate meter spud Brass parts 3/4" 6 Golden Gate fern x fem valve Brass parts 3/4" 6 Golden Gate comp. x comp. valve Brass parts 3/4" 10 Golden Gate comp. x comp. valve Brass parts 1" 10 Golden Gate wrap around repair bands Misc Parts 12" 2 Golden Gate tapping saddle Misc Parts 12" 2 Golden Gate wrap around repair bands Misc Parts 4" 2 Golden Gate hi-max Misc Parts 10" 2 ►r 98 Location Name/Description Category Size Qty Golden Gate tapping saddle Misc Parts 4" 2 Golden Gate tapping saddle Misc Parts 10" 2 Golden Gate mechanical sleeve Misc Parts 8" 2 Golden Gate mega lug Misc Parts 8" 2 Golden Gate flange Misc Parts 6" 2 Golden Gate flange Misc Parts 8" 2 Golden Gate flange Misc Parts 10" 2 Golden Gate meter boxes(double w/lid) Misc Parts 2 Golden Gate wrap around repair bands Misc Parts 2" 3 Golden Gate wrap around repair bands Misc Parts 10" 3 Golden Gate tapping saddle Misc Parts 6" 3 Golden Gate valve box Misc Parts 3 Golden Gate wrap around repair bands Misc Parts 6" 4 Golden Gate hi-max Misc Parts 6" 4 Golden Gate hi-max Misc Parts 8" 4 Golden Gate wrap around repair bands Misc Parts 8" 5 Golden Gate tapping saddle Misc Parts 8" 6 Golden Gate valve box lid Misc Parts 8 Golden Gate meter boxes(single w/lid) Misc Parts 12 Golden Gate Green Paint Misc Parts 16 Golden Gate Blue Paint Misc Parts 18 Golden Gate Green Flags Misc Parts 300 Golden Gate Blue Flags Misc Parts 1500 Golden Gate slip x slip coupling PVC Parts 1-1/2" 1 Golden Gate female adapter PVC Parts 2" 1 Golden Gate male adapter PVC Parts 3/4" 1 Golden Gate male adapter PVC Parts 1" 1 Golden Gate slip x slip 45 PVC Parts 2" 2 Golden Gate union PVC Parts 3/4" 2 Golden Gate union PVC Parts 1-1/2" 2 Golden Gate comp. coupling PVC Parts 2" 2 9 8 Location Name/Description Category Size Qty Golden Gate comp. coupling PVC Parts 3" 2 Golden Gate comp. coupling PVC Parts 4" 2 Golden Gate comp. coupling PVC Parts 1" 3 Golden Gate slip x slip coupling PVC Parts 3" 4 Golden Gate slip x slip coupling PVC Parts 6" 4 Golden Gate slip x slip 45 PVC Parts 1-1/2" 4 Golden Gate slip cap PVC Parts 2" 5 Golden Gate slip x slip coupling PVC Parts 4" 6 Golden Gate 12"nipple PVC Parts 1-1/2" 6 Golden Gate slip x slip x slip"T" PVC Parts 2" 6 Golden Gate female adapter PVC Parts 1" 7 Golden Gate female adapter PVC Parts 3/4" 10 Golden Gate slip x slip 45 PVC Parts 1" 10 Golden Gate slip x slip 90 PVC Parts 1" 10 Golden Gate slip x slip 90 PVC Parts 3" 10 Golden Gate female cap PVC Parts 1-1/2" 10 Golden Gate slip cap PVC Parts 1-1/2" 10 Golden Gate slip x slip x slip"T" PVC Parts 3/4" 10 Golden Gate slip x slip coupling PVC Parts 2" 12 Golden Gate male adapter PVC Parts 2" 12 Golden Gate 6"nipple PVC Parts 1-1/2" 12 Golden Gate slip x slip coupling PVC Parts 3/4" 15 Golden Gate slip x slip coupling PVC Parts 1" 15 Golden Gate slip x slip 45 PVC Parts 3/4" 15 Golden Gate slip x slip 90 PVC Parts 3/4" 15 Golden Gate slip x slip 90 PVC Parts 2" 15 Golden Gate slip x slip x slip"T" PVC Parts 1-1/2" 15 913 EXISTING CHEMICALS, DIESEL AND OTHER BULK PRODUCTS - TARGET LEVELS FOR COLLIER COUNTY TRANSITION PROJECT: Golden Gate WTP GROSS SIZE TARGET INVENTORY ITEM Units OF STORAGE LEVELS FOR PERCENT OF CONTAINER STORAGE TRANSITION (GALLONS/FT) Diesel Fuel - Plant Generator (Gallons) 2,000 1,000 50.00% Sodium Hypochlorite (Bleach) (Gallons) 4,000 2,000 50.00% Hydrofluosilisic Acid (Gallons) 325 163 50.00% Pebble Lime (Pounds) 75,000 37,500 50.00% Ammonium Sulfate (Gallons) 1,050 525 50.00% Caustic Soda (Gallons) 1,550 775 50.00% Lime Sludge (Gallons) 125,000 62,500 50.00% PROJECT: Golden Gate Booster Station GROSS SIZE TARGET INVENTORY ITEM Units OF STORAGE LEVELS FOR PERCENT OF CONTAINER STORAGE TRANSITION (GALLONS/FT) Diesel Fuel - Generator (Gallons) 1,000 500 50.00% Total PROJECT: Golden Gate WWTP GROSS SIZE TARGET INVENTORY ITEM Units OF STORAGE LEVELS FOR PERCENT OF CONTAINER STORAGE TRANSITION (GALLONS/FT) Diesel Fuel - Plant Generator (Gallons) 2,005 1,003 50.00% Diesel Fuel - DIW Generator (Gallons) 545 273 50.00% Sodium Hypochlorite (Bleach) (Gallons) 2,363 1,182 50.00% Sludge (Gallons) 300,000 150,000 50.00% 9 B APPENDIX "H" OPERATING AND VENDOR CONTRACTS 1. U.S. Water/Wade-Trim; Amended and Restated General Terms and Conditions Agreement; December 2013. 2. U.S. Water/Wade-Trim; Amendment to Amended and Restated General Terms and Conditions Agreement; February 2014. 3. U.S. Water/Wade-Trim; Compensation Agreement for Operations and Maintenance and Customer Service and Billing for Golden Gate; March 2011. 4. U.S. Water/Wade-Trim; Amendment to Compensation Agreement for Operations and Maintenance and Customer Service and Billing for Golden Gate; March 2016. 5. Government Services Group; Amended and Restated Management Services Agreement; November 2013. 6. Government Services Group; Amendment to Amended and Restated Management Services Agreement; October 2014. 9 8 APPENDIX "I" AGREEMENTS ENCUMBERING THE SYSTEM 1. That certain Agreement Between Collier County and the Florida Governmental Utility Authority for Provision of Wastewater Service for FPL Service Center and Retail Service, dated January 10, 2017, by the Board of County Commissioners of Collier County as the governing body of Collier County and Ex-Officio as the Governing Board of the Collier County Water-Sewer District, and the Florida Governmental Utility Authority, recorded in Official Records Book 5353, Page 2584 of the public records of Collier County, Florida. 2. That certain Agreement for Wastewater Service for Brooks Village Commercial Development on the Southwest Corner of County Road 951 & Pine Ridge Road Collier County, Florida, dated January 18, 2007 by the Board of County Commissioners of Collier County, Florida, as the governing body of Collier County and Ex-Officio as the Governing Board of the Collier County Water-Sewer District, and the Florida Governmental Utility Authority. 3. That certain Guaranteed Energy Water and Wastewater Performance Savings Contract, dated July 25, 2016, by and between the Florida Governmental Utility Authority and Siemens Industry, Inc. 4. That certain Parkway Promenade Lease, dated June 1, 2016, between Richardson Holdings of Naples, LLC, and Florida Governmental Utility Authority. Lessor's consent is required for assignment of the lease. 5. That certain Utility Infrastructure Conveyance and Service Agreement, dated March 15, 2007, by and between the Florida Governmental Utility Authority and Sembler Family Partnership #41, Ltd., recorded in Official Records Book 4223, Page 4135, of the public records of Collier County, Florida. 6. That certain Utility Infrastructure Conveyance and Service Agreement, dated September 19, 2007, by and between the Florida Governmental Utility Authority and Park East Development, Ltd., recorded in Official Records Book 4416, Page 1313, of the public records of Collier County, Florida. 7. That certain Utility Infrastructure Conveyance and Service Agreement, dated September 20, 2007, by and between the Florida Governmental Utility Authority and Win-Golden Gate, Ltd., recorded in Official Records Book 4302, Page 2643, of the public records of Collier County, Florida. 8. That certain Utility Infrastructure Conveyance and Service Agreement, dated April 17, 2008, by and between the Florida Governmental Utility Authority and The District School Board of Collier County, recorded in Official Records Book 4357, Page 1528, of the public records of Collier County, Florida. 98 9. That certain Water and Wastewater Utility Infrastructure Conveyance and Service Agreement, dated May 15, 2008, by and between the Florida Governmental Utility Authority and Collier County, recorded in Official Records Book 4368, Page 0591, of the public records of Collier County, Florida. 10. That certain Utility Infrastructure Conveyance and Service Agreement, dated June 13, 2008, by and between the Florida Governmental Utility Authority and Naples Parkway Community Church of God, recorded in Official Records Book 4380, Page 0376, of the public records of Collier County, Florida. 11. That certain Utility Infrastructure Conveyance and Service Agreement, dated September 18, 2008, by and between the Florida Governmental Utility Authority and Jose Saco and Yvette Saco, husband and wife, recorded in Official Records Book 4398, Page 1284, of the public records of Collier County, Florida. 12. That certain Utility Infrastructure Conveyance and Service Agreement, dated December 12, 2008, by and between the Florida Governmental Utility Authority and West Coast Development Corporation of Naples, Inc., recorded in Official Records Book 4416, Page 1303, of the public records of Collier County, Florida. 13. That certain Utility Infrastructure Conveyance and Service Agreement, dated September 17, 2009, by and between the Florida Governmental Utility Authority and Diocese of Venice, recorded in Official Records Book 4497, Page 2737, of the public records of Collier County, Florida. 14. That certain Utility Infrastructure Conveyance and Service Agreement, dated March 18, 2010, by and between the Florida Governmental Utility Authority and Messiah Lutheran Church Inc. of Golden Gate, recorded in Official Records Book 4549, Page 1548, of the public records of Collier County, Florida. 15. That certain Utility Infrastructure Conveyance and Service Agreement, dated December 17, 2009, by and between the Florida Governmental Utility Authority and C&E Love, Inc., recorded in Official Records Book 4527, Page 0105, of the public records of Collier County, Florida. 16. That certain Utility Infrastructure Conveyance and Service Agreement, dated August 19, 2010, by and between the Florida Governmental Utility Authority and Diocese of Venice, recorded in Official Records Book 4606, Page 0730, of the public records of Collier County, Florida. 17. That certain Utility Infrastructure Conveyance and Service Agreement, dated August 19, 2010, by and between the Florida Governmental Utility Authority and David Lawrence Foundation for Mental Health, Inc., recorded in Official Records Book 4606, Page 0719, of the public records of Collier County, Florida. 18. That certain Utility Infrastructure Conveyance and Service Agreement, dated April 21, 2011, by and between the Florida Governmental Utility Authority and Naples Bridge 9 [3 Center, Inc., recorded in Official Records Book 4679, Page 0967, of the public records of Collier County, Florida. 19. That certain Utility Infrastructure Conveyance and Service Agreement, dated July 21, 2011, by and between the Florida Governmental Utility Authority and Corporation of the Presiding Bishop of the Church of Jesus Christ of Latter-Day Saints, recorded in Official Records Book 4711, Page 3387, of the public records of Collier County, Florida. 20. That certain Utility Infrastructure Conveyance and Service Agreement, dated May 19, 2011, by and between the Florida Governmental Utility Authority and Grace Place for Children and Families, Inc., recorded in Official Records Book 4688, Page 0367, of the public records of Collier County, Florida. 21. That certain Utility Infrastructure Conveyance and Service Agreement, dated October 18, 2012, by and between the Florida Governmental Utility Authority and Reel Interest Property Group d/b/a RIPG, recorded in Official Records Book 4857, Page 0577, of the public records of Collier County, Florida. 22. That certain Utility Infrastructure Conveyance and Service Agreement, dated February 14, 2013, by and between the Florida Governmental Utility Authority and CLIS Holding Group, LLC, recorded in Official Records Book 4895, Page 1757, of the public records of Collier County, Florida. 23. That certain Utility Infrastructure Conveyance and Service Agreement, dated December 19, 2013, by and between the Florida Governmental Utility Authority and Ministerio Internacional El Rey Jesus/Naples, Inc., recorded in Official Records Book 5006, Page 3223, of the public records of Collier County, Florida. 24. That certain Utility Infrastructure Conveyance and Service Agreement, dated December 8, 2014, by and between the Florida Governmental Utility Authority and Kelvin Donarine, a married man, and Anand Deonarine, a married man, recorded in Official Records Book 5116, Page 0835, of the public records of Collier County, Florida. 25. That certain Utility Infrastructure Conveyance and Service Agreement, dated October 7, 2014, by and between the Florida Governmental Utility Authority and Naples Christian Academy Association, Inc., recorded in Official Records Book 5087, Page 0699, of the public records of Collier County, Florida. 26. That certain Utility Infrastructure Conveyance and Service Agreement, dated August 8, 2016, by and between the Florida Governmental Utility Authority and Black River Rock, LLC, recorded in Official Records Book 5311, Page 0434, of the public records of Collier County, Florida. 27. That certain Utility Infrastructure Conveyance and Service Agreement, dated October 11, 2016, by and between the Florida Governmental Utility Authority and Palmetto Naples- Golden Gate Parkway, LLC, recorded in Official Records Book 5330, Page 3573, of the public records of Collier County, Florida. 9 B 28. That certain Utility Infrastructure Conveyance and Service Agreement, dated September 29, 2016, by and between the Florida Governmental Utility Authority and Naples Bridge Center, Inc., recorded in Official Records Book 5324, Page 2619, of the public records of Collier County, Florida. 29. That certain Water and Sewer Utility Infrastructure Conveyance and Service Agreement, dated April 19, 2001, by and between the Florida Governmental Utility Authority and District School Board of Collier County. 30. That certain Water and Sewer Utility Infrastructure Conveyance and Service Agreement, dated July 19, 2001, by and between the Florida Governmental Utility Authority and Worthwile Development III, Ltd. 31. That certain Water Utility Infrastructure Conveyance and Service Agreement, dated February 21, 2003, by and between the Florida Governmental Utility Authority and Collier County, recorded in Official Records Book 3399, Page 2355, of the public records of Collier County, Florida. 32. That certain Covenant to Cooperate, dated April 7, 1999, by and between the Florida Governmental Utility Authority and Avatar Utilities, Inc., recorded in Official Records Book 2536, Page 0917 of the public records of Collier County, Florida. 33. That certain Transfer, Assignment and Assumption Agreement (Golden Gate System — Collier County), dated April 7, 1999, by and between the Florida Governmental Utility Authority and Florida Cities Water Company, recorded in Official Records Book 2536, Page 0921 of the public records of Collier County, Florida. 34. That certain Subordination of Utility Interests, dated January 30, 2015, by and between Collier County and the Florida Governmental Utility Authority, recorded in Official Records Book 5117, Page 0015 of the public records of Collier County, Florida. 9B APPENDIX "J" INSURANCE POLICIES Florida Govermental Utility Authority Carrier Name Carrier Address Policy Number Type of Coverage Provided Property,Inland Marine,General Arch Insurance Company 400 Horsham Rd,P.O.Box GWPKG0212700 Liability,Professional Liability, 1957 Horsham PA 19044 Employee Benefits Liability,Automobile Liability Arch Insurance Company 400Horsham Rd,P.O.Box GWFXS0212700 Excess Liability 1957 Horsham PA 19044 3655 North Point Pkwy., Maxum Indemnity Company Suite 500 Alpharetta, 6029554-01 Excess Flood Georgia 30005 505 Eagleview Blvd Suite Indian Harbor Insurance Company 100 Exton PA 19341 PEC003886901 Pollution • 98 APPENDIX "K" REAL PROPERTY CLAIMS OR DISPUTES [Attach letter with exhibits thereto— Vocisano & Romer letter 09.27.10.pdfJ 1 f 9B APPENDIX "L" REGULATORY COMPLIANCE Golden Gate Wastewater Treatment Plant-Administrative Order(Golden Gate) As part of the recent renewal in 2015 of the Golden Gate WWTP Operating Permit, FDEP included an Administrative Order AO-20150616-SD to complete certain deficient items. For ease of reference the status of each item is noted next to the required completion date. Required Improvement Action Req'd Compl. Current Status Date Provide the Department a revised and accurate Process Flow Diagram that includes the demineralization concentrate line 7/31/2015 Completed within required date to the effluent PS In accordance with the table contained in Section 6 on page 27 of the revised O&M Performance Report,the permittee 12/31/2015 Completed within required date shall conduct inspections for rust,and evaluate and catalog the areas of urgency for repair The permittee shall complete repair to the rusted parts 6/30/2016 Project was bid Fall 2016.NTP wcataloged for urgency pursuant to item III. 1.2 of this AO- as ofs issued 017 the r6, ect i2017s and g g Y Extended to as 8/24/2017 the project is 20150616-SD. 8/1/2017 substantially complete The permittee shall install and calibrate a flow measuring Installation has been completed device to accurately measure the flow from the effluent 1/31/2016 for a V-Notch Weir Box to pump station to the to the percolation ponds R-001. measur*accurate flow to the ponds. Regarding the blending of demineralization concentrate with reclaimed water:the permittee shall either obtain a variance Petition for Variance Relief was which grants relief from Rule 62-610.865,F.A.C.,or shall submitted in November 2015. fully comply with Rule 62-610.865,F.A.C.,which requires Questions were received from an engineering report,evaluation of vegetation tolerance, the FDEP in December 2015 and additional parameter limits, an enforceable blending ratio, 6/30/2016 responses submitted.On June 2, continuous monitoring equipment,and other specific 2016,FDEP issued"Final Order requirements. (The Department understands that blending Granting Petition for Variance concentrate with reclaimed water is done very infrequently from Rule 62-610.865,F.A.C." and that the FGUA might choose to petition for variance This item now completed. relief from strict application of rule requirements.) * The FGUA is also proceeding with installation of an Emergency Generator for the injection pump station which would complement the measuring device and pay for itself by savings in chemicals. As of 8/24/2017 all items associated with the administrative order have been completed.Notification and closeout of the administrative order should be completed sometime in September 2017. 98 Golden Gate Wastewater Treatment Plant—Dual Zone Monitoring Well A notice was received from the FDEP dated September 1, 2016 regarding concerns with monitoring data from the FGUA Golden Gate WTP and the WWTP Class I Injection System. Data from the zones being monitored indicate that similar water quality parameters exist in zones that previously had been different. FDEP's concerns relate to possible malfunctioning of the well such that it cannot reliably monitor for fluid movement, and or that fluid movement may be occurring. FGUA Consultant CDM Smith conducted a field study and prepared a technical evaluation dated December 16, 2016. Video inspection indicated no mechanical defects in the well and no corrective actions are recommended to the dual zone monitoring well. The evaluation also concluded that it is highly unlikely that operating pressures would initiate fracturing in the confining zone above the injection interval. It is possible that natural leakance is occurring between the monitored intervals. The evaluation recommends that geochemical evaluation of the monitor zone water quality data be conducted, involving sampling of the comingled waste stream and tracing parameters such as phosphorus and radionuclides. Work authorization No. CDM 17-01 was issued to CDM Smith to prepare a written tracer study for the evaluation of the potential hydraulic connection between the Class I Injection Well and the lower monitoring zones in the on-site dual zone monitoring well. As of 8/24/2017 the draft written tracer study has been completed by CDM and discussions have been held with FDEP regarding the plan. Direction was given by FDEP and the final tracer plan is being prepared.Upon completion of the written tracer plan there will be a 6-12 month evaluation/sampling period. It is possible that upon conclusion of the tracer study, there may be no clear indication as to the cause of the water quality issues. It is uncertain what requirements, if any, the FDEP may impose on the facility, but it could include a new replacement monitor well, or that high level disinfection be implemented at the wastewater plant. Golden Gate Water Treatment Plant—Water Quality The Golden Gate WTP and water system strives to keep water quality within acceptable limits to meet all lead and copper rule requirements. As background, corrosion has exceeded certain allowable limits and as a result the FGUA was required to perform more frequent lead and copper sampling and monitoring. In addition, a corrosion control system is required to be implemented to address the water quality issues. As background, the FGUA completed a Water Quality Analysis project in 2013 with FGUA consultant Tetra Tech that recommended various chemical process modifications to address water quality issues at the plant. The FGUA initiated a chemical conversion project for disinfection that involved switching from anhydrous ammonia to ammonium sulfate. The work was accomplished with contract operator US Water Services / Wade Trim through Work Authorization USWWT #16-44 and was completed and put into operation in October 2016. 9B. The FGUA further evaluated water quality related to results from its sampling and monitoring plan required by the lead and copper rule. With the assistance of the Florida Rural Water Association, the FGUA subsequently prepared and implemented a corrosion control treatment project in 2016 through Work Authorization USWWT#'s 16-193 and 16-286. The work included a new chemical feed system for sodium hydroxide which was completed in January 2017 and is currently in operation. Additional lead and copper sampling will continue to be imposed on the system until a track record of staying within allowable limits has been established ORIGINAL DOCUMENTS CHECKLIST & ROUTING SLIP TO ACCOMPANY ALL ORIGINAL DOCUMENTS SENT TO p THE BOARD OF COUNTY COMMISSIONERS OFFICE FOR SIGNATURE 7 C7 Print on pink paper. Attach to original document. The completed routing slip and original documents are to be forwarded to the County Attorney Office at the time the item is placed on the agenda. All completed routing slips and original documents must be received in the County Attorney Office no later than Monday preceding the Board meeting. **NEW** ROUTING SLIP Complete routing lines#1 through#2 as appropriate for additional signatures,dates,and/or information needed. If the document is already complete with the exception of the Chairman's signature,draw a line through routing lines#1 through#2,complete the checklist,and forward to the County Attorney Office. Route to Addressee(s) (List in routing order) Office Initials Date 1. 2. 3. County Attorney Office County Attorney Office SRT 12/14/17 4. BCC Office Board of County Commissioners 5. Minutes and Records Clerk of Court's Office 191I(4)11--- 3; PRIMARY CONTACT INFORMATION Normally the primary contact is the person who created/prepared the Executive Summary. Primary contact information is needed in the event one of the addressees above,may need to contact staff for additional or missing information. Name of Primary Staff Joe Bellone,Public Utilities Contact Information 239-252-2351 Contact/ Department Agenda Date Item was November 14,2017 Agenda Item Number 9B Approved by the BCC Type of Document Resolution declaring the acquisition of the Number of Original Original Resolution Attached assets of the Florida Governmental Utility Documents Attached Original Agreement Authority serving the Golden Gate community in Collier County,Florida,by the Collier County Water- Sewer District,and implementation of county rates PO number or account 408-210105-649030 number if document is to be recorded INSTRUCTIONS & CHECKLIST Initial the Yes column or mark"N/A"in the Not Applicable column,whichever is Yes N/A(Not appropriate. (Initial) Applicable) 1. Does the document require the chairman's original signature ORIGINAL SRT 2. Does the document need to be sent to another agency for additional signatures? If yes, N/A provide the Contact Information(Name;Agency;Address;Phone)on an attached sheet. 3. Original document has been signed/initialed for legal sufficiency. (All documents to be SRT signed by the Chairman,with the exception of most letters,must be reviewed and signed by the Office of the County Attorney. 4. All handwritten strike-through and revisions have been initialed by the County Attorney's SRT Office and all other parties except the BCC Chairman and the Clerk to the Board 5. The Chairman's signature line date has been entered as the date of BCC approval of the SRT document or the final negotiated contract date whichever is applicable. 6. "Sign here"tabs are placed on the appropriate pages indicating where the Chairman's SRT signature and initials are required. 7. In most cases(some contracts are an exception),the original document and this routing slip N/A should be provided to the County Attorney Office at the time the item is input into SIRE. Some documents are time sensitive and require forwarding to Tallahassee within a certain time frame or the BCC's actions are nullified. Be aware of your deadlines! 8. The document was approved by the BCC on 11/14/2017 and all changes made during SRT the meeting have been incorporated in the attached document. The County Attorney's Office has reviewed the changes,if applicable. 9. Initials of attorney verifying that the attached document is the version approved by the BCC,all changes directed by the BCC have been made,and the document is ready for the ` Chairman's signature. 98 RESOLUTION NO. 2017- 2 2 2 A RESOLUTION OF THE BOARD OF COUNTY COMISSIONERS OF COLLIER COUNTY, FLORIDA, AS THE GOVERNING BOARD OF COLLIER COUNTY, FLORIDA, AND EX- OFFICIO AS THE GOVERNING BOARD OF THE COLLIER COUNTY WATER-SEWER DISTRICT AND EX-OFFICIO AS THE GOVERNING BOARD OF THE COLLIER COUNTY WATER AND SEWER REGULATORY AUTHORITY DIRECTING AND AUTHORIZING THE ACQUISITION OF THE REAL AND PERSONAL PROPERTY OWNED OR UTILIZED BY THE FLORIDA GOVERNMENTAL UTILITY AUTHORITY TO PROVIDE WATER AND WASTEWATER SERVICES IN COLLIER COUNTY, FLORIDA, IN THE GOLDEN GATE COMMUNITY; PROVIDING FOR FINDINGS OF PUBLIC PURPOSE AND NECESSITY; PROVIDING THAT THE ACQUISITION IS IN THE PUBLIC INTEREST IN CONFORMANCE WITH SECTION 125.3401, FLORIDA STATUTES; PROVIDING AUTHORITY TO COMPLETE THE ACQUISITION; PROVIDING FOR TERMINATION OF AUTHORITY OF THE FLORIDA GOVERNMENTAL UTILITY AUTHORITY TO PROVIDE SERVICE AND INCLUSION OF SERVICE AREA IN THE COLLIER COUNTY WATER- SEWER DISTRICT SERVICE AREA; AND PROVIDING FOR APPLICABLIITY AND AN EFFECTIVE DATE. BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF COLLIER COUNTY,FLORIDA,AND EX-OFFICIO AS THE GOVERNING BOARD OF THE COLLIER COUNTY WATER-SEWER DISTRICT AND EX-OFFICIO AS THE GOVERNING BOARD OF THE COLLIER COUNTY WATER AND SEWER REGULATORY AUTHORITY as follows: SECTION 1. AUTHORITY. Pursuant to Chapter 125, Florida Statutes, and Chapter 2003-353, Laws of Florida, the Board of County Commissioners (the "Board") of Collier County, Florida, and ex-officio as the governing board of the Collier County Water-Sewer District (collectively, the "County") has all of the powers of local self-government to perform County functions and render services for County purposes. Such power includes the authority to provide water and wastewater utility services and to acquire facilities to provide such services within the County. SECTION 2. FINDINGS. It is hereby ascertained, determined and declared: A. The Florida Governmental Utility Authority (the "FGUA") owns and operates a potable water treatment and distribution system and a wastewater collection,treatment and disposal system within Collier County(collectively,the"Golden Gate System"). The Golden Gate System is operated pursuant to Section 163.01(7), Florida Statutes,and the First Amended and Restated Interlocal Agreement Relating to Establishment of the Florida Governmental Utility Authority dated December 1,2000,as it may be amended(the"FGUA Interlocal"). INSTR 5484249 OR 5458 PG 2984 RECORDED 12/15/2017 3:06 PM PAGES 326 DWIGHT E.BROCK,CLERK OF THE CIRCUIT COURT COLLIER COUNTY FLORIDA REC$2,772.50 98 Prior to its acquisition by the FGUA in 1999,the Golden Gate System was operated by an investor-owned private water and wastewater utility company owned by Avatar Holdings, Inc. ("Avatar"). B. The FGUA acquired the Golden Gate System from Avatar with consent of the County based upon the terms of an interlocal agreement between the FGUA and the County approved by County Resolution No. 99-169/Resolution CWS-99-1 issued on March 9, 1999 (the "Golden Gate Interlocal Agreement"). Section 1 of the Golden Gate Interlocal Agreement reserves to the County the right to acquire all,but not less than all,of the Golden Gate System from the FGUA. C. Section 1(A) of the Golden Gate Interlocal Agreement further provides as follows: "The terms and provisions of such acquisition shall be established pursuant to a utility acquisition agreement between the [FGUA] and the [County], subject to the terms and conditions of the Interlocal Agreement and the Indenture. Notwithstanding the foregoing and unless otherwise agreed to by the [FGUA] and the [County],the purchase price for the Golden Gate Utility System shall be the amount required to repay the Bonds and any additional obligations of the [FGUA] related with the Golden Gate Utility System. The [County] further agrees to negotiate with the [FGUA] for the payment of a pro-rata share of any reasonable, verified [FGUA] expenses at the time of acquisition by the [County]. The [County] shall also pay all verifiable expenses associated with the transfer of the Golden Gate Utility System by the [FGUA] to the [County]." D. Section 1(B)of the Golden Gate Interlocal Agreement provides as follows: "The [FGUA] hereby also grants the [County] the right to assume the [FGUA's] obligations under the Bonds and the Indenture(or any successor document thereto),all pursuant to the terms and conditions set forth in Article VII of the Indenture. Any such assumption by the [County] shall take place simultaneously with the transfer of the Golden Gate Utility System from the [FGUA]to the [County]." E. To provide for the public interest and welfare, the Board generally is required to address and balance the impacts of growth with the need to provide and plan water production, treatment and distribution facilities and wastewater collection, treatment, disposal and reuse facilities which are necessary to accommodate existing development and anticipated future growth in a manner concurrent with the demand for such facilities. F. Transition of the Golden Gate System to the Collier County Water-Sewer District is consistent with the intergovernmental coordination element of the Collier County Growth Management Plant as such transition represents a cooperative effort between the limited purpose special district, the FGUA, and Collier County in the planning and provision of potable water,reclaimed water and the treatment of wastewater generated by existing and future residents and businesses in the County. Since the Golden Gate Interlocal Agreement was entered by FGUA and the County in 1999, the County has monitored the operation and improvement by FGUA of the Golden Gate System in contemplation of the eventual transition of such System to the Collier County Water-Sewer District. The Golden Gate System currently is surrounded by the Collier County Water-Sewer District's service area. 2 9B G. Public ownership and control of existing water and wastewater utility systems, including the Golden Gate System,will provide the opportunity for the County to:(1)further develop a regional approach to the comprehensive supply, distribution and treatment of water and the collection,treatment and disposal of wastewater; (2)seek economies of scale resulting from the unified and regional provision of utility services by local government; (3)ensure that current and future users of the Golden Gate System and other County facilities are provided with cost efficient services at reasonable rates by local government; (4) ensure that the operation and maintenance of water and wastewater facilities is done in a proactive and environmentally responsible manner; (5) stabilize rates over the long term, reduce inefficient expansion and extension of service capacities, and avoid the proliferation of smaller treatment facilities and sites; (6) assure the appropriate expansion and interconnection of existing facilities and the construction of future facilities in a coordinated, uniform and non-discriminatory manner; (7) promote the protection and environmentally sensitive utilization of water supplies, surface water and groundwater resources in the County and surrounding areas;and(8)accomplish a greater public use and increased public benefit which will result from the ownership,operation and control of the Golden Gate System by the County. H. The provision of water and wastewater services is a major component of infrastructure coordination. The public ownership and control of the Golden Gate System will enable the County to more effectively and efficiently plan and fulfill the County's responsibilities under Florida Statutes to assure that high quality,cost efficient water and wastewater utility services needed to support new development are available concurrent with the impact of such development. The acquisition of the Golden Gate System is consistent with the County's comprehensive plan. I. Based upon the foregoing, the Board expressly finds that the provision of water and wastewater utility services in the Golden Gate community by the County constitutes a public purpose and is in the best interests of the health, safety and welfare of the County and its inhabitants. Further, the Board expressly finds that the acquisition and integration of the Golden Gate System into the Collier County Water-Sewer District is necessary for the fulfillment of the public purpose of providing a County-owned and operated water and wastewater utility, and will provide a greater public use and increased public benefit than the existing use. SECTION 3. PUBLIC INTEREST DETERMINATION OF PURCHASE. In conformance with section 125.3401, Florida Statutes, and Chapter 2003-353, Laws of Florida, the Board has considered the report presented during the hearing from CCWSD staff and retained financial, engineering and legal experts (attached as Exhibit "A" hereto) addressing the following criteria mandated for consideration by the Board with respect to the acquisition of the Golden Gate System: A. The most recently available income and expense statement of the Golden Gate System; 3 9B B. The most recently available balance sheet for the Golden Gate System listing the assets and liabilities and showing the amount of contributions-in-aid-of construction and the accumulated depreciation thereon; C. A statement of the existing rate base of the Golden Gate System for regulatory purposes; D. The physical condition of the Golden Gate System; E. The reasonableness of the amount to be paid and the terms of the Transition Agreement; F. The impacts of the contemplated acquisition on utility customers served by the Golden Gate System as well as utility customers served by the County,both positive and negative; G. Any additional investment required and the ability and willingness of the County to make that investment; H. The alternatives to the contemplated acquisition and the potential impact on utility customers if the Golden Gate System is not acquired; I. The ability of the County to provide and maintain high quality and cost-effective utility service; and J. A statement prepared by staff of the Collier County Water-Sewer District, together with reports from financial and engineering experts, showing that: (1) the acquisition of the Golden Gate System is in the public interest, including a summary of the County's experience in utility operation;and(2)the County has the financial ability to provide,now and in the future, high quality and cost-effective utility services to the Golden Gate community. The Staff Report concludes with a recommendation that the Board find the acquisition of the Golden Gate System by the County to be in the public interest based upon an analysis of these criteria. SECTION 4. EXERCISE OF RIGHT TO PURCHASE. The Board hereby exercises its right to acquire the Golden Gate System from the FGUA and states its commitment to cause the Collier County Water-Sewer District(the "District")to issue Bonds and otherwise render to FGUA such payments as are necessary to refund all of FGUA's existing Series 2010 Bonds,Series 2012 Bonds and Series 2015 Bonds. The County currently intends to refund and redeem FGUA's existing SRF Loans and SunTrust Loan with cash but reserves the right to refund/redeem such Loans through the issuance of other debt of the District. SECTION 5.AUTHORITY TO COMPLETE PURCHASE AND SALE.A Transition Agreement by and between the Florida Governmental Utility Authority, Collier County, Florida, and the Collier County Water-Sewer District (the "Transition Agreement") is attached as Exhibit"B" to this Resolution. The Board hereby approves the form thereof and the Board hereby authorizes and directs the Chair, or the Chair's designee, to execute the Transition Agreement on behalf of the Board in substantially the form of the Transition Agreement attached hereto as Exhibit"B"and to deliver executed copies of the Transition Agreement to the FGUA. The Board further authorizes the Chair, the Chair's designee, members of the Board, officers, attorneys and other agents or employees of the County to do all acts and things required of them by this Resolution and the 4 9B Transition Agreement, for the full punctual and complete performance of all of the terms, covenants and agreements contained in this Resolution and the Transition Agreement, and each member of the Board, officers, attorneys and other agents or employees of the County is hereby authorized and directed to execute and deliver any and all papers and instruments, asset closing documents, bonds and bond documents, and to do and cause to be done all acts and things necessary or proper for carrying out the transactions contemplated by this Resolution and/or the Transition Agreement. SECTION 6.APPROVAL OF TRANSITION AS EX OFFICIO GOVERNING BOARD OF THE COLLIER COUNTY WATER AND SEWER AUTHORITY. The transition of the assets of the Golden Gate System into the Collier County Water-Sewer District pursuant to the Transition Agreement,having been duly noticed and a hearing held,is hereby found to be in the public interest and approved as of right pursuant to section 134-369(f) of the Code of Laws and Ordinances of Collier County, Florida. Any certificate or agreement previously issued to, or entered with, the FGUA by the Collier County Water and Sewer Authority is terminated effective on the date of the completion of the transition of the Golden Gate System into the Collier County Water-Sewer District and the service area of the FGUA related to the Golden Gate System shall become part of the service area of the Collier County Water-Sewer District on such date. SECTION 7. APPLICABILITY AND EFFECTIVE DATE. This Resolution shall be liberally construed to affect the purposes hereof and shall take effect immediately upon its adoption. 5 98 , PASSED AND DULY ADOPTED at the meeting of the Board of County Commissioners of Collier County,Florida,and acting as the Ex-Officio Board of the Collier County Water-Sewer District and Ex-Officio Board of the Collier County Water and Sewer Regulatory Authority on the 14th day of November,2017. BOARD OF COUNTY COMMISSrONERS OF, COLLIER COUNTY, FLORIDA, AS THE' GOVERNING BODY OF COLLIER COUNTY AND EX-OFFICIO BOARD OF THE COLLIER - COUNTY WATER-SEWER DISTRICT AND EX- OFFICIO BOARD OF THE COLLIER COUNTY WATER AND SEWER REGULATORY AUTHORITY ATTEST: t. � By: , , ��'I- P.0 . By: 4 •p : ,Cler Penny Tay .r, Chair Attest as to Chairman s�. - signature:only. Ap. t ed as to fogality: AlILL 1tt R. Teach Deputy County Attorney State of Florida County of COLLIER �. a I HEREBY CERTIFY f"HAT,.#;Eels i a true and correct copy of a daomee -on file in Board Minutes and R6coll ,72fi Collet County 5 myV5q.4C___466(... af -seal thisV _IL-_dayof1 aOn DWIGHT E. BROCK,CLERK OF COURTS 6 111 , Il �� 4 ,.. , (;,,,,,_,1) 9B Exhibit A 9B STAFF REPORT PURSUANT TO SECTION 125.3401, FLORIDA STATUTES TO: Board of County Commissioners Collier County, Florida FROM: Dr. George Yilmaz DATE: October 26, 2017 RE: Public Hearing and Resolution Considering the Acquisition of the Water and Wastewater Utility Assets of the Florida Governmental Utility Authority Golden Gate System and Establishing Rates RECOMMENDATION: Staff of the Collier County Water-Sewer District ("CCWSD") of Collier County, Florida ("County") hereby presents the Board of County Commissioners ("Board") with this report addressing a proposed Utility System Transition Agreement ("Transition Agreement") with the Florida Governmental Utility Authority ("FGUA"). The Transition Agreement contains the proposed terms of the conveyance to CCWSD of the water and wastewater utility facilities comprising the Golden Gate System currently owned by FGUA(the "Golden Gate System"). If the Board desires to proceed with this transaction under the presented terms, the Board must adopt Resolution No.2017-_which (a)approves the terms of the Transition Agreement and related transfer documents being presented with this Report(collectively,the Transition Agreement and transfer documents will hereafter be referred to as the `Transfer Documents"), (b) directs and authorizes the transition into CCWSD of the real and personal property described in the Transition Agreement comprising the Golden Gate System, (c)establishes the new water and wastewater rates and charges as the same rates and charges applied by CCWSD to its existing customers, (d) modifies the existing CCWSD service area to include the Golden Gate System service area and (e)terminates any pre- existing authorization from the Collier County Water-Sewer Regulatory Authority to FGUA to own and operate the Golden Gate System. BRIEF HISTORY OF FGUA GOLDEN GATE SYSTEM AND COUNTY TRANSITION EFFORTS Collier County has been contemplating the transition of the FGUA System into the CCSWD since 1999 when the owner of the water and wastewater utility then serving the Golden Gate area decided to sell all of the water and wastewater systems it owned, which at that time included the Golden Gate System,to the Florida Governmental Utility Authority. Pursuant to the Florida law applicable to government utility authorities, the FGUA notified Collier County of the potential to purchase the Golden Gate System. The FGUA sought the County's consent to such a purchase. By resolution 199-09 (the "Consent Resolution"), the Board of County Commissioners approved an interlocal agreement with the FGUA (the "Interlocal 1 9B Agreement") which consented to the FGUA's purchase but also retained to the County the right to purchase the Golden Gate System. The Interlocal Agreement further established that in the event the County elected to assume ownership of the Golden Gate System from the FGUA,the purchase price would be an amount equal to the then-outstanding balance of the debt incurred by FGUA to acquire and improve the Golden Gate System together with the assumption by the County of any other FGUA obligations related to such System which may exist at the time of the County's election to purchase. Copies of the Consent Resolution and Interlocal Agreement are provided in Appendix A to this Report. Since the Interlocal Agreement was signed, the FGUA closed on the purchase of the Golden Gate System and has operated, maintained and improved the System since 1999. The current financial status and other information pertinent to the Board's decision whether to pursue the transition of the Golden Gate System into CCWSD at this time is provided later in this Report and in the appendices hereto. On November 3, 2015, CCWSD presented,and the Board approved,the County's"Sustainable Integrated Water Resource Management Plan."Transition of the FGUA's Golden Gate System into CCWSD is another important step,in addition to the recent Orange Tree Utility System integration,toward fulfillment of such plan.As the Board reiterated recently when authorizing the integration of the Orange Tree Utility System into CCWSD, ever since the County began purchasing private water and wastewater utilities, the County has recognized that the proliferation of small water and wastewater systems may not be conducive to the most cost effective and efficient provision of water and wastewater service. Where efficient and effective service is not available, the utility owner, customers, and the environment may suffer. Recognizing the benefits and efficiencies of economies of scale as a utility system grows as well as other benefits from CCWSD ownership of utility systems in the County,on June 27,2017,the Board adopted Resolution 2017- 123 authorizing County staff to work toward the potential transition of the FGUA System into CCWSD pursuant to the terms of the Interlocal Agreement.CCWSD has proceeded to conduct the negotiation and due diligence processes relating to the Golden Gate System in a manner consistent with applicable County ordinances and the Interlocal Agreement since that time. CCWSD retained financial, legal and engineering experts skilled in the utility acquisition process to assist the County in the transition process.Public Resources Management Group("PRMG"),the CCWSD financial experts, and the engineering firm,Stantec Consulting Services, Inc., have presented CCWSD with several reports regarding the Golden Gate System(the"PRMG Report"and"Stantec Report",respectively).PRMG and Stantec support County Staffs recommendation that the Golden Gate System be transitioned into CCWSD at this time.In addition,CCWSD, by and through Stantec, has evaluated the Golden Gate System's compliance with local,state and federal laws, rules and permits,including environmental impact analyses as deemed appropriate,and confirmed that the Golden Gate water and wastewater systems are currently in substantial compliance and capable of CCWSD operation on a cost-effective basis. Follow up investigations subsequent to Hurricane Irma revealed that the Golden Gate System had not been materially adversely affected from the hurricanes and thus Staff's recommendation to proceed with the transition has not been altered.The Transfer Documents provide the terms of the conveyance of the FGUA System to the County in the manner and timeframes contemplated in such documents. Requirements of Florida Law Public Hearing Requirement Pursuant to Chapter 125, Florida Statutes,the County has the power to acquire,operate,construct,own, and manage water and/or wastewater utility facilities. In accordance with these and similar powers, 2 9B County Staff has negotiated the terms of the proposed Transition Agreement and Transfer Documents which provide for the transition of the Golden Gate System into CCWSD in a manner consistent with the Interlocal Agreement and applicable County ordinances. To provide for the public interest and welfare, section 125.3401, Florida Statutes requires the Board to address and balance numerous factors, listed below, when considering the proposed transition of the Golden Gate System into CCWSD. The CCWSD acquisition team has spent many hours in the investigation of this potential transition, conducting due diligence and negotiating terms with the FGUA to ensure the seamless transition of the FGUA's Golden Gate System and customers into CCWSD. The following information, together with, and summarizing, the more detailed financial and engineering information presented by PRMG and Stantec is provided for the Board's consideration in determining if the recommended action is in the public interest: (1) The most recent available income and expense statement for the utility. This information is provided in pertinent portions of the most recent Comprehensive Annual Financial Report of the FGUA relating to the Golden Gate System (the "CAFR") for the period ending December 31, 2016. Copies of pertinent pages of the CAFR are attached in the PRMG Report as Table 2-1. (2) The most recent available balance sheet for the utility, listing assets and liabilities and clearly showing the amount of contributions-in-aid-of-construction and the accumulated depreciation thereon. This information is included in the Financial Section of the CAFR referred to above, copies of pertinent pages are provided in Table 3-1 of the PRMG Report. (3) A statement of the existing rate base of the utility for regulatory purposes. As a governmental authority, the FGUA does not maintain "rate base" information. Rate base is a ratemaking financial concept which applies only to private or"investor-owned" utilities. Rate base considers such concepts as "used and useful" plant in service which do not apply to utility systems owned and operated by government-owned utilities such as CCWSD and FGUA.The FGUA Golden Gate System thus does not have a recorded"rate base"and has not recorded rate base information since the System was last owned by a private owner in 1999 prior to purchase by the FGUA. (4) The physical condition of the utility facilities being purchased, sold or subject to a wastewater facility privatization contract. Stantec conducted a regulatory compliance review of the FGUA System operations, which CCWSD has reviewed and continues to follow up on. According to the Stantec Report, the Golden Gate wastewater system is "in good condition and limited improvements are needed to maintain wastewater service to existing customers." The Golden Gate water system is experiencing problems with unaccounted for water and low water treatment recovery rates from the existing treatment process which, absent a CCWSD acquisition or interconnect with the CCWSD water system, would require significant capital expenditures by FGUA to improve water quality and assist the System to operate more effectively. As reported below in this Staff recommendation and report, CCWSD and its engineers recommend that an interconnect of the Golden Gate System with the CCWSD water system be completed as soon as possible after the Transfer Date to remedy these issues.The Transition Agreement 3 9B provides for this expeditious completion of the required interconnect so water quality and water system operation,generally,should improve soon after CCWSD takes ownership of the Golden Gate System. Representatives of CCWSD and its experts also periodically have performed on-site visits to inspect the FGUA Golden Gate System. CCWSD will need to incorporate the FGUA Golden Gate System into its geographical information system ("G.I.S.") should the Board approved the proposed transition. The Transition Agreement,if approved,provides CCWSD and its representatives continued access to the FGUA System prior to the date title to the FGUA System is to be transferred to CCWSD.CCWSD shall utilize the period between the Board's approval of the Transition Agreement and the day that ownership of the Golden Gate System is transferred to CCWSD (the "Transfer Date") to continue to analyze and monitor system operations and familiarize CCWSD personnel with specific operations protocols to insure smooth transition of System operations to CCWSD. The Transition Agreement further provides the County the ability to continue utilization of FGUA contracts or contractors subsequent to the Transfer Date should the County so desire. Finally, CCWSD has secured from FGUA in the Transition Agreement representations confirming substantial compliance of the Golden Gate System with applicable local,state and federal laws, rules and permits and identifying a single real property related issue which CCWSD is addressing. (5) The reasonableness of the contract price and terms. The proposed conveyance of the Golden Gate System and transition of the Golden Gate System into CCWSD is to be completed pursuant to the terms of the Transition Agreement and Transfer Documents, and applicable County ordinances,with the purchase price payable by the County equal to the outstanding debt and other obligations of FGUA related solely to the Golden Gate System. The FGUA has acquired other utility systems located in a number of other Florida counties,some of which systems previously have been transitioned into ownership by the county or city in which such systems were located. The proposed transition of the Golden Gate System into CCWSD would occur in a manner and upon such terms which are similar to the transitions of FGUA systems to other local governments in the past. In addition,the terms of the Transition Agreement reflect and incorporate the guidance, rights and obligations provided to CCWSD and the County through the Interlocal Agreement and County ordinances. Pursuant to the Interlocal Agreement,CCWSD will assume ownership of all assets and associated rights of the Golden Gate System used to provide service in the existing FGUA Golden Gate service area. Deeds, easements, a bill of sale and FGUA records and documents pertaining to the Golden Gate System will be provided by FGUA to the County to enable CCWSD to provide service to current customers as well as future customer growth. Liabilities: The FGUA will convey to the County all rights and ownership associated with the Golden Gate System, including all cash (both restricted and unrestricted), rights to revenue, and title to all property. The FGUA bonds do not permit any FGUA system to be responsible for the liabilities of any other FGUA system. Thus, upon conveyance of the Golden Gate System to CCWSD, CCWSD shall be responsible for satisfying any liabilities associated with the Golden Gate System arising out of any occurrence or event which occurred prior to, as well as subsequent to,the Transfer Date. Since CCWSD will assume the risks I 4 9B related to past FGUA non-compliance with applicable laws, permits and rules,CCWSD would be assuming a risk not ordinarily assumed in a utility system transfer situation. Therefore, CCWSD has conducted thorough due diligence of the Golden Gate System, including consultation with regulatory authorities,to best be able to assess the potential scope of such a risk.CCWSD and its experts have determined that risks associated with CCWSD's assumption of pre-Transfer Date liabilities should not materially adversely affect CCWSD's ability to operate the Golden Gate System after the Transfer Date so as to comply with the financial, operating and engineering projections of CCWSD's experts,as identified in the PRMG Report. Transfer Date: March 1, 2017 Title Insurance: FGUA shall provide the County with deeds to the four (4) parcels of property owned by FGUA in fee title, including the parcel upon which the primary water and wastewater facilities, including the water and wastewater treatment plants (the "Treatment Plants Parcel") are located. Existing easements in favor of FGUA shall be assigned to CCWSD and the Transition Agreement provides that new deeds and easements shall be granted to CCWSD by FGUA as may be required by CCWSD so that CCWSD possesses rights of use and access to all assets used by FGUA to operate the Golden Gate System being integrated into CCWSD. CCWSD will identify property and easements for which title insurance will be secured as well as the amount of title insurance required.The FGUA will possess no rights to such property or easements subsequent to the Transfer Date. To date, CCWSD due diligence and FGUA disclosures have identified one known potential encumbrance or liability related to real and personal property to be conveyed to CCWSD under the Transition Agreement. This issue relates to an access easement to Golden Gate System water facilities and related facilities(antanaeantennae).CCWSD staff and experts are addressing the issues with the expectation that resolution may be achieved prior to the Transfer Date. At the present time, the issues identified would not appear to be materially adverse to CCWSD operation of the Golden Gate System in the manner currently contemplated by CCWSD. Litigation and Regulatory Matters: FGUA represents to the County that there is no pending litigation or material regulatory matter relating to the Golden Gate System and that FGUA has no knowledge of facts which would suggest litigation or a regulatory matter of an enforcement nature may arise based upon any known act or omission of the FGUA or its contractors.As explained previously in this Report, due to the unique structure of the FGUA, should a regulatory matter arise subsequent to the Transfer Date, CCWSD would be liable for rectifying such matter regardless of whether the act or omission giving rise to such matter occurred prior to the Transfer Date. (6) The impacts of the purchase and sale on utility customers, both positive and negative. It is expected that the impact and consequences of acquiring the Golden Gate System from the FGUA on both ratepayers and landowners will be positive in nature. The area served by the Golden Gate System is surrounded by CCWSD's service area and facilities. To improve the quality of water and wastewater service from the level of service currently being provided by FGUA and generally to comport with the mission of CCWSD to provide safe, sufficient and economical water and wastewater utility service, the following is proposed by CCWSD: 5 9B (a) Acceptance of conveyance of the FGUA System by the County pursuant to the terms of the Transfer Documents presented to the Board; (b) Upon the Transfer Date, CCWSD shall charge former FGUA customers the same rates, fees and charges currently authorized by the Board to be charged to customers of CCWSD.The County's monthly water and wastewater rates represent approximately a 25%decrease in the monthly bill for former FGUA customers using an average of 6,000 gallons of water per monthly billing period. (c) CCWSD has initiated steps to interconnect the existing water system serving the Golden Gate community to CCWSD's water system soon after the Transfer Date. Water quality is anticipated to improve, and capital expenditures previously anticipated to be made by the FGUA to expand its water treatment facilities and improve the quality of water it was serving will be prevented. (d) Upon the Transfer Date,CCWSD will possess the financial ability to provide water and wastewater services to not only the areas currently served by FGUA, but potentially areas within the Golden Gate service area which are not yet receiving central water and wastewater service from the FGUA. (e) After the transition of the FGUA System into CCWSD, CCWSD will continue to possess more than sufficient financial ability to meet all identified capital needs, renewal and replacement, operations, management and adequate contingencies for operating the Golden Gate System. (7) Any additional investment required and the ability and willingness of CCWSD to make that investment. The transition of the FGUA System into CCWSD represents yet another significant step forward in fulfilling the County's Sustainable Integrated Water Resource Management Plan. The Golden Gate System currently serves approximately 3,640 water and 2,300 wastewater connections. CCWSD, together with Stantec,have conducted extensive engineering and operations due diligence.The transition of the FGUA System into CCWSD will advance CCWSD's ability to provide service in the Northeast service area. CCWSD will be able to serve the Northeast service area through existing and to be constructed facilities, as well as provide interconnections between the Golden Gate System and existing CCWSD in- ground infrastructure. The Transition Agreement identifies capital projects which will be completed prior to the Transfer Date by FGUA, as well as those projects which may be initiated by FGUA prior to the Transfer Date but which would remain in process as of such date. CCWSD shall assume responsibility to complete any FGUA Transition Projects not completed as of the Transfer Date. Any warranties associated with completed projects or projects in process on the Transfer Date shall be conveyed to CCWSD by FGUA. Also, CCWSD has identified certain capital projects and improvements which CCWSD shall initiate if the Board approves the Transition Agreement which CCWSD anticipates will allow CCWSD to improve service in the Golden Gate community as of the Transfer Date. Perhaps most significantly,CCWSD and FGUA shall initiate construction of facilities necessary to interconnect the Golden Gate System water facilities to CCWSD's water system in three locations(approximate cost$1.5 million) on or shortly after the Transfer Date. It is anticipated that completion of the interconnects upon CCWSD taking ownership of the Golden Gate System will improve water quality, resolve current quality issues currently being experienced by FGUA(i.e.,lead and copper), reduce water system operating costs and eliminate the need to invest larger sums which FGUA had been contemplating making in other capital projects to address the water issues. 6 9B (8) The alternatives to the purchase and the potential impact on utility customers if the purchase is not made. It is in the public interest that long-range planning, management, financing, maintenance, upkeep, and operations of water and wastewater utilities be coordinated by the County through the CCWSD.The transition of the Golden Gate System into CCWSD is another step toward achieving this goal. This transition initiative meets current growth management plan standards to ensure the adequacy and availability of viable public facilities,including goals established in the most recent Sustainable Integrated Water Resource Management Plan. CCWSD is unable to identify any negative consequence on current customers of the Golden Gate System from the proposed transition. Customer rates will immediately decrease upon the Transfer Date. Future rate increases will be lower than customers otherwise would have experienced under continued FGUA ownership as CCWSD offers significant economies of scale, lower financing costs (tax exempt debt at better rating),and the ability to manage costs and investments for the long term.Under FGUA ownership, the utility has been managed for the shorter term as the FGUA knew of CCWSD's option to assume responsibility for serving the Golden Gate service area and acquiring the Golden Gate System. Water quality and the efficiency of water system operations should improve soon after the Transfer Date upon completion of the interconnection of the Golden Gate System to the CCWSD water system. As the Golden Gate Interlocal Agreement provides the County with the right to acquire the Golden Gate System at any time, another private utility likely would not purchase the Golden Gate System from the FGUA since such owner would be bound by the terms of the Interlocal Agreement.The sale of the Golden Gate System to a private utility would appear to be foreclosed;and it is doubtful that a private utility could bestow on current customers of the Golden Gate System the many benefits expected to be derived from the CCWSD acquisition.Based on the foregoing,FGUA customers will benefit from the proposed transition of the Golden Gate System into CCWSD. (9) The ability of the County to provide and maintain high-quality and cost-effective utility service.As indicated previously in this Report,transition of the Golden Gate System into CCWSD is an important step toward fulfilling the Sustainable Integrated Water Resource Management Plan approved by the Board on November 3, 2015.CCWSD, PRMG and Stantec have conducted extensive due diligence and analyzed the operations and capital needs and cash flow projected to be experienced by CCWSD upon successful transition of the Golden Gate System into CCWSD. CCWSD will achieve economies of scale and other efficiencies (i.e., from abandoning the current water treatment plants) when the Golden Gate System is operated in conjunction with CCWSD's existing utility operations.CCWSD's ability to provide and maintain high-quality and cost-effective utility service for the Golden Gate System is best demonstrated in the AAA ratings currently bestowed by Fitch rating agency upon CCWSD's existing water and wastewater bonds,a testament to the sound utility policies and practices employed by CCWSD.Also, customers of the Golden Gate System should benefit from CCWSD's superior bond ratings thus providing access to lower cost public financing than previously available under FGUA ownership. CCWSD's superior bond ratings should lower capital costs for system expansions, interconnects and other improvements. CCWSD's decades of experience acquiring, operating, and improving water and wastewater systems is sufficient justification for customers of the Golden Gate System to be confident that they will be well served by CCWSD. 7 9B Other Material Facts Other material facts concerning the Golden Gate System for the Board's consideration and approval include (a) approval of the incorporation of the Golden Gate service area into CCWSD's service area; (b) termination of any authorization to operate the Golden Gate System previously issued to FGUA by the Collier County Water and Sewer Regulatory Authority; and (c) the potential impact of reduced monthly rates to be charged to former FGUA customers after the proposed transition. (a) The special law passed by the Florida Legislature to create the CCWSD (Chapter 2003-353, Laws of Florida, to be referred to in this Report as the "Special Act") excludes from CCWSD's service area the areas currently served by the FGUA's Golden Gate System. Upon transition of the Golden Gate System to CCWSD, CCWSD will assume responsibility to provide water and wastewater services to this area.The resolution proposed for Board consideration includes a finding that it is in the public interest for the Golden Gate System to be transitioned from FGUA to CCWSD ownership together with the expansion of CCWSD's service area to include those areas in the Golden Gate community currently served by the FGUA as well as areas in which the FGUA previously was authorized to provide service but are as yet unserved. (b) Pursuant to the terms of the Golden Gate Interlocal Agreement,and subsequent agreements,the County's Water and Sewer Regulatory Authority (the "Regulatory Authority") has possessed certain regulatory authority over FGUA operations in the County since 1999. The resolution presented to the Board provides for the Board, acting as the ex officio board of the Regulatory Authority,to recognize (i)the transition of the Golden Gate System to CCWSD, (ii)the expansion of CCWSD's service area to include all areas in which the FGUA previously was authorized to provide water and wastewater service, and (iii) the termination of any authorization previously granted to FGUA to provide water and wastewater services in such area. (c) Service Rates Under FGUA versus CCWSD Ownership. FGUA over the years has filed rate increase requests with the Authority to recover its investments in the Golden Gate System and its cost of operating the System. As of this date, the monthly service rates charged by FGUA for water and wastewater service are approximately twenty-five percent (25%) higher than the corresponding rates charged by CCWSD. Upon completion of the recommended transition of the Golden Gate System into CCWSD, CCWSD proposes that the rates charged to customers previously served by FGUA be equal to CCWSD rates in accordance with section seventeen of the Special Act, which prohibits discrimination in the fees, rates and charges for users in the same class which possess the same service characteristics. Charging CCWSD rates initially is likely to reduce the operating income from the Golden Gate System from levels currently being obtained by the FGUA as monthly service revenue will be reduced. The revenue reduction is anticipated to be offset by reductions in certain operating costs currently projected by CCWSD. It also is unknown whether significantly reduced monthly customer bills will encourage customers to use more water which would produce higher revenue than currently projected by the County's expert. In addition, CCWSD contemplates offering additional service in areas not currently served by FGUA, which service would generate additional revenue and have associated public health, safety and environmental benefits. Considering all pertinent factors, CCWSD believes that the cost and revenue projections presented to the Board by the County's financial expert, PRMG, as well as the projected investments in capital projects to be made by CCWSD subsequent to the Transfer 8 9B Date, are reasonable and conservative projections which may be relied upon by the Board when considering the proposed acquisition. Determination of Public Interest Upon consideration of the above factors,it is recommended that the Board of County Commissioners find that the transition of the FGUA System into CCWSD pursuant to the terms of the Transition Agreement and Transfer Documents is in the public interest;that the transfer of the water and wastewater assets of FGUA to CCWSD be approved as of right;that the rates charged by CCWSD to customers served by the Golden Gate System as of the Transfer Date be those rates currently in effect for CCWSD customers in the same customer class;that CCWSD be authorized to continue to operate the Golden Gate System pursuant to the terms of such operations,equipment or other service agreements as CCWSD determines should be assigned to CCWSD as of the Transfer Date; that the CCWSD service area include the service area previously served by FGUA;and that any authorization by the Regulatory Authority previously granted to FGUA to provide water and wastewater service in the Golden Gate community be terminated. 9 255 Alhambra Circle 305 448-6992 Suite 404 305 448-7131 fax is Coral Gables,FL www.pfm corn A 33134 (7/ 13 pfm 11 October 19, 2017 Memorandum—Plan of Finance To: Collier County, Florida From: PFM Financial Advisors LLC Re: Updated Memorandum--Acquisition of Golden Gate Utility, Plan of Finance Please consider this updated memorandum discussing two scenarios to refinance and restructure all of the Golden Gate Utility Authority senior lien debt obligations. The primary update to this memorandum, in addition to providing for current market interest rates, is the consideration to refinance all three of the existing bonds, rather than refinancing portions and assuming other portions. It is our understanding upon reviewing the available documentation and discussions with the County's bond counsel that the GGUA bonds and loans were issued with the appropriate disclosures and mechanism to be acquired in their entirety by the County. In the simplest terms, in order to effectuate the acquisition the County would issue a bond (covenant)to the GGUA assuming the payment responsibility for the outstanding debt, however the bonds and loans themselves would remain as-is(no change in investor holdings). The outstanding GGUA debt is as follows: • Series 2010 Bonds, outstanding principal amount of$6,315,000 • Series 2012 Bonds, outstanding principal amount of$16,040,000 • Series 2015 Bonds, outstanding principal amount of$12,605,000 • 2016 SunTrust Loan, outstanding principal amount of$2,265,100 • Two(2) SRF Loans, combined outstanding principal amount of$1,433,653.28 For purposes of this memorandum, we have considered a consolidated alternative which contemplates refinancing and restructuring 100%of the senior obligations(the series 2010, 2012, and 2015 bonds). As such the County's Utility can realize overall Net Present Value Savings by virtue of reducing the interest rate on the debt, and shortening the final maturities on the GGUA bonds to better align with the County Utility's overall debt structure. In order to provide some context for the sensitivity to market conditions, we also performed the same analysis with the assumption that actual interest rates on the refinancing were 25 basis points (0.25%) higher at the time of execution. The results indicate that the restructuring transaction, inclusive of refinancing all three existing series'of bonds, would produce positive Net Present Value Savings ranging from 9.7%using current market rates, or 6.8% after adding 25bps to current market indications. Similarly as discussed previously, restructuring the GGUA debt to shorten the final term will result in dis-savings in the early years ranging from$340,000 .to$2.08 million when compared to the existing GGUA debt schedules. It's important to note however that the County is not beholden to the prior term issued by GGUA, and should evaluate the transaction from the standpoint of the Utility's own ability to service the additional debt over this shorter term. To that point, please review schedule 2 and 3 on the following pages which aggregate the County's total annual debt commitments after acquisition of the GGUA. A summary of the results of the analysis is also provided in Table 1 below. We look forward to continuing the dialogue with the County and refining the plan of finance based on market conditions at the time of acquisition. Please contact us should you have any questions or desire any additional analysis. October 19, 2017 9 6 1110 Page 2 of 4 pfm TABLE 1: REFINANCING RESULTS Collier County Acquisition of Golden Gate Utility System- Updated Financing Plan Market Conditions as of August 2017 Current Market Current Market+25 Structure Refinance/Defease Refinance/Defease GGU Debt(todays GGU Debt(todays rates rates) +25 bps) Refunded Series' Series 2010,Series Series 2010,Series 2012,Series 2015 2012,Series 2015 Dated/Delivery Date December 20,2017 December 20,2017 Total GGU Par Amount(Refinanced) 41,040,000 41,090,000 Total Aggregated Par Amount(GGU+County Senior Debt) 109,969,968 110,019,968 True Interest Cost(%) 2.30% 2.55% Net Debt Service Reserve Deposit 2'3 1,491,143 1,541,794 Aggregate Average Annual Debt Service 8,169,051 — _ 8,209,571 Aggregate Maximum Annual Debt Service 10,662,700 10,716,723 Net Revenues of the County WSD(2016 CAFR)4 40,982,058 40,982,058 Debt Service Coverage(125%Required) 384% 382% Final Maturity July 1,2029 July 1,2029 (1)Assumes that cash is used to def ease portions of GGU debt (2)Golden Gate Utility's Series 2010 Bonds have a cash reserve of$631,500 that can be contributed to the County's reserve I (3)All reserve deposits w ill be funded by bond proceeds (4) Net Revenues in calculation do not include inpact fees of approximately$13.6M in FY 2016. 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CO CD CD m .. r r .- r tri Ui C N 0 com 0 Q ie; 00 CA O N M d' Cn CO ti OO CA O r N M d' Cn CO N- CO O O r r N N N N N N N N N N M M M M COM M M M M W 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O o 0 0 �0 JM N N N N N N N N N N N N N N N N N N N N N N N L6 W r r r r r T r r r r r r r r T r r r r r r r r r • EQ 0 9B REPORT TO ADDRESS REQUIREMENTS OF CHAPTER 125.3401, FLORIDA STATUTES CAr County ACQUISITION OF THE FLORIDA GOVERNMENTAL UTILITY AUTHORITY — GOLDEN GATE UTILITY SYSTEM By COLLIER COUNTY WATER-SEWER DISTRICT, FLORIDA November 7, 2017 Prepared By PitPublic Resources Management Group, Inc. MGUtility, Rate. Financial. and Management. Consultants 9B REPORT TO ADDRESS REQUIREMENTS OF CHAPTER 125.3401,FLORIDA STATUTES ACQUISITION OF THE FLORIDA GOVERNMENTAL UTILITY AUTHORITY— GOLDEN GATE UTILITY SYSTEM TABLE OF CONTENTS Section No. Title Page No. 1.0 Introduction and Background 1-1 1.1 Introduction 1-1 1.2 Background of Golden Gate System 1-1 1.2 Requirements of Chapter 125.3401, Florida Statutes 1-3 2.0 Income and Expense Statements 2-1 3.0 Balance Sheet 3-1 4.0 Statement of Existing Rate Base 4-1 5.0 Physical Condition of the Utility Facilities 5-1 6.0 Reasonableness of Purchase Price and Terms 6-1 7.0 Impacts of Purchase 7-1 8.0 Additional Investment Required 8-1 9.0 Alternatives to the Purchase 9-1 10.0 Statement of Quality Service 10-1 11.0 Statement of Public Interest 11-1 Appendix A: Executive Summary of Technical Feasibility Report K:\DC1125A5\Rpt\Chapter 125 Report\Briefing Doc 125 Hearing —1— 9B REPORT TO ADDRESS REQUIREMENTS OF CHAPTER 125.3401, FLORIDA STATUTES ACQUISITION OF THE FLORIDA GOVERNMENTAL UTILITY AUTHORITY— GOLDEN GATE UTILITY SYSTEM LIST OF TABLES Table No. Description 2-1 Available Income and Expense Statement for Golden Gate System— Statement of Revenues, Expenses, and Changes in Net Position per Fiscal Year 2016 Comprehensive Annual Financial Report for FGUA 3-1 Available Balance Sheet for Golden Gate System — Statement of Net Position per Fiscal Year 2016 Comprehensive Annual Financial Report for FGUA 6-1 Development of Time-Adjusted Acquistion Prices 6-2 Development of Implied Purchase Price Based on Time-Adjusted Comparable Sales 7-1 Bill Comparison — Fiscal Year 2017 FGUA Golden Gate System Rates vs. CCWSD Rates K:\DC 1125-45\Rpt\Chapter 125 Report\Briefing Doc 125 Hearing '1I- 98 SECTION 1 INTRODUCTION AND BACKGROUND CO er County 96 SECTION 1 INTRODUCTION AND BACKGROUND 1.1 INTRODUCTION At the June 27, 2017 meeting of the Board of County Commissioners (the "BOCC") of Collier County (the "County"), the BOCC authorized the staff of the Collier County Water-Sewer District (the "District" or the "CCWSD") to initiate the final due diligence process for the District's acquisition of the Golden Gate water and wastewater utility system (the "Golden Gate System") currently owned and operated by the Florida Governmental Utility Authority ("FGUA"). One of the steps in the process is to hold a public hearing, in accordance with Florida Statutes, to determine if the acquisition is in the public interest. 1.2 BACKGROUND OF GOLDEN GATE SYSTEM General FGUA currently owns and operates the Golden Gate System, which is solely located within unincorporated County in an area west of the City of Naples. The service area of the Golden Gate System occupies approximately four square miles and is comprised primarily of single- family and multi-family residential, light commercial, and undeveloped properties. The majority of the developed properties are single-family homes while the limited commercial development consists of support facilities to the surrounding residents. The Golden Gate System provides service to approximately 3,681 water accounts and 2,303 wastewater accounts. A portion of the service area remains undeveloped (vacant properties) or unserved (private onsite potable water wells and wastewater disposal systems). The Golden Gate water system includes nine raw water supply wells, one water treatment plant incorporating both lime softening and reverse osmosis ("RO") water treatment processes with a total plant capacity of 2.099 million gallons per day ("MGD") expressed on a maximum daily basis, two water storage tanks, nearly 45 miles of water transmission and distribution lines ranging in size from 3/4-inch to 12-inches in diameter, and other appurtenances such as service lines, hydrants, and meters to deliver potable water to the retail water customers served by the FGUA (the "Golden Gate Water System"). The wastewater system includes one wastewater treatment plant with a capacity of 1.80 MGD expressed on a maximum three-contiguous month basis, over 21 miles of gravity sewer lines, 28 lift stations, more than 16 miles of force mains, and other appurtenances such as manholes and sewer laterals (the "Golden Gate Wastewater System"). The rates for the Golden Gate System are currently adopted by the FGUA Board of Directors (the "FGUA Board"). Under the "Interlocal Agreement Relating to the Acquisition of the Golden Gate System" between the FGUA and the CCWSD dated March 1, 1999, the County has the power to review and/or approve rates, fees, and charges relating to the Golden Gate System, but does not have the authority to deny any rates, fees, and charges established by the FGUA Board K:\DC1125-45\Rpt\Chapter 125 Report\Briefing Doc 125 Hearing 1-1 96 to comply with financial covenants contained in the Trust Indenture[" that authorized the issuance of the existing bonds for the Golden Gate System. The County's Operation and Regulatory Management Division currently collects regulatory fees equal to two-percent (2%) of gross utility revenues from the Golden Gate System. Since the FGUA is a public utility and the FGUA Board supports the acquisition of the Golden Gate System by the County, the ownership transfer is viewed as a cooperative and beneficial venture for both entities as well as residents served by the utility. Accordingly, the County has initiated the acquisition process of the Golden Gate System and has prepared this report in support of such process. Acquisition of the Golden Gate System This transaction would allow for the Golden Gate System to be integrated with the District's existing regional water and wastewater system (the "District System") and would allow the Golden Gate System to be regulated by and to be under the management oversight of the BOCC as part of the overall District System. The transaction is anticipated to provide the following benefits assuming the consolidation of the Golden Gate System into the District System: 1. The County anticipates charging the current District rates to the Golden Gate System customers, which will result in a reduction in the monthly bills for utility service to such customers. The existing Golden Gate System monthly user rates are currently higher than those of the CCWSD. If the County were to acquire the Golden Gate System and charge the CCWSD rates to the Golden Gate System customers, the customers currently served by the Golden Gate System could recognize overall savings of about 25% on their monthly water and wastewater bills (based on a comparison of Fiscal Year 2017 rates) — assuming no change in monthly usage. 2. The recognition of operational synergies and cost savings anticipated to be experienced through the elimination of duplicative costs currently existing with the operation of the individual systems, which, in part, would support the anticipated reduction in Golden Gate System rates for the long-term benefit of the Golden Gate System customers. 3. Any future financing required to meet increasing regulations and capital improvements within the Golden Gate System service area could possibly be secured at lower interest rates given the CCWSD's strong (AAA) credit rating providing for the long-term benefit of the Golden Gate customers. 4. The transaction would allow for the continuity of service (going concern) on a regional basis. Although there would be an immediate reduction in several financial metrics of the CCWSD, the acquisition is not anticipated to have a significant impact on the existing customers currently E1] Represents Indenture of Trust between the Authority and the Trustee, dated as of April 1, 1999, as amended and supplemented from time to time,which authorized the issuance of certain utility revenue bonds by the FGUA for the Golden Gate System to finance the initial acquisition of the System and additional capital improvements (the "Trust Indenture"). K:\DC 1125-45\Rpt\Chapter 125 Report\Briefing Doc 125 Hearing 1-2 9B being served by the District and is not expected to result in a reduction to the credit rating of the CCWSD from a financial standpoint. The transaction should not compromise the ability of the County System net revenues to meet the rate covenants as delineated in Resolution No. CWS-85-5 adopted on July 30, 1985 as amended, restated, and supplemented from time to time (the "Bond Resolution") which authorized the issuance of the outstanding utility revenue bonds for the District System. 1.2 REQUIREMENTS OF CHAPTER 125.3401,FLORIDA STATUTES Any potential utility transaction that results in the transfer of utility ownership from one entity to another is governed by Section 125.3401 of the Florida Statutes that states: 125.3401 Purchase, sale, or privatization of water, sewer, or wastewater reuse utility by county. No county may purchase or sell a water, sewer, or wastewater reuse utility that provides service to the public for compensation, or enter into a wastewater facility privatization contract for a wastewater facility, until the governing body of the county has held a public hearing on the purchase, sale, or wastewater facility privatization contract and made a determination that the purchase, sale, or wastewater facility privatization contract is in the public interest. In determining if the purchase, sale, or wastewater facility privatization contract is in the public interest, the county shall consider, at a minimum, the following: 1. The most recent available income and expense statement for the utility. 2. The most recent available balance sheet for the utility, listing assets and liabilities and clearly showing the amount of contributions-in-aid-of-construction and the accumulated depreciation thereon. 3. A statement of the existing rate base of the utility for regulatory purposes. 4. The physical condition of the utility facilities being purchased, sold, or subject to a wastewater facility privatization contract. 5. The reasonableness of the purchase, sales, or wastewater facility privatization contract price and terms. 6. The impacts of the purchase, sale, or wastewater facility privatization contract on utility customers, both positive and negative. 7. a. Any additional investment required and the ability and willingness of the purchaser, or the private firm under a wastewater facility privatization contract, to make that investment, whether the purchaser is the county or the entity purchasing the utility from the County. b. In the case of a wastewater facility privatization contract, the terms and conditions on which the private firm will provide capital investment and financing or a combination thereof for contemplated capital replacements, additions, expansions, and repairs. The county shall give significant weight to these criteria. K:\DC 1125-45\Rpt\Chapter 125 Report\Briefing Doc 125 Hearing 1-3 9B 8. The alternatives to the purchase, sale, or wastewater facility privatization contract, and the potential impact on utility customers if the purchase, sale, or wastewater facility privatization contract is not made. 9. a. The ability of the purchaser or the private firm under a wastewater facility privatization contract to provide and maintain high-quality and cost-effective utility service, whether the purchaser is the county or the entity purchasing the utility from the County. b. In the case of a wastewater facility privatization contract, the county shall give significant weight to the technical expertise and experience of the private firm in carrying out the obligations specified in the wastewater facility privatization contract. 10. All moneys paid by a private firm to a county pursuant to a wastewater facility privatization contract shall be used for the purpose of reducing or offsetting property taxes, wastewater service rates, or debt reduction or making infrastructure improvements or capital asset expenditures or other public purpose; provided, however, nothing herein shall preclude the county from using all or part of the moneys for the purpose of the county's qualification for relief from the repayment of federal grant awards associated with the wastewater system as may be required by federal law or regulation. The county shall prepare a statement showing that the purchase, sale or wastewater facility privatization contract is in the public interest, including a summary of the purchaser's experience in water, sewer and wastewater reuse utility operation and a showing of the financial ability to provide the service, whether the purchaser is the county or the entity purchasing the utility from the county. The remainder of this document provides a summary of the above considerations. (Remainder of page intentionally left blank) K:\DC 1125-451Rpt\Chapter 125 Report\Briefing Doc 125 Hearing 1-4 96 SECTION 2 INCOME AND EXPENSE STATEMENTS Ga er County 9B SECTION 2 INCOME AND EXPENSE STATEMENTS 125.3401(1) The most recent available income and expense statement for the Utility. The most recent income and expense statement for the Golden Gate System is contained in the FGUA's Comprehensive Annual Financial Report for the Fiscal Year ending September 30, 2016 (the most recently completed and audited fiscal year for the Golden Gate System) and is contained at the end of this section as Table 2-1: Statement of Revenues, Expenses, and Changes in Net Position. The most recent historical operating results were considered by the County in its evaluation of the Golden Gate System. As can be seen in Table 2-1, the current revenues of the Golden Gate System, which are based on the existing Golden Gate System rates, are sufficient to i) fund the reported or identified operating expenses of such system; and ii)produce Net Revenues that provide for a strong debt coverage ratio and provide funds for additional capital reinvestment. (Remainder of page intentionally left blank) K:\DC1125.45\Rpt\Chapter 125 Report\Bnefing Doc 125 Hearing 2-1 9B TABLE 2-1 FLORIDA GOVERNMENTAL UTILITY AUTHORITY STATEMENT OF REVENUES,EXPENSES,AND CHANGES IN NET POSITION FOR THE YEAR ENDED SEPTEMBER 30,2016 Golden Gate Utility System Operating Revenues: Water and Wastewater Revenues $7,683,446 Other Operating Revenues 247,559 Total Operating Revenues $7,931,005 Operating Expenses: Operating and Management Services $2,575,174 Other Operating Expenses 420,278 Depreciation and Amortization 2,007,727 Total Operating Expenses $5,003,179 Operating Income $2,927,826 Non-Operating Revenues(Expenses): Investment Income $15,131 Miscellaneous Income 6,260 Build America Bond Interest Subsidies - Operating Grants - Interest Expense (1,402,480) Debt Issuance Costs (23,410) Total Non-Operating Revenues(Expenses) ($1,404,499) Income(Loss)before Capital Contributions $1,523,327 Capital Contributions: Capital Grants $- Recoverable Portion of System Purchase Price - Impact Fees and Developer Contributions 154,468 Total Capital Contributions $154,468 Increase(Decrease)in Net Position $1,677,795 Net Position,Beginning of Year $1,398,144 Net Position,End of Year $3,075,939 Supplemental Information: 1. Net Revenues(without Impact Fees) $4,956,944 Net Revenue Margin 62.3% 2. Annual Debt Service—Senior Debt $2,523,763 Debt Service Coverage—Senior Debt 1.96 Annual Debt Service—All Debt $2,760,240 Debt Service Coverage—All Debt 1.80 The accompanying notes to financial statements included in the FGUA Comprehensive Annual Financial Report are an integral part of this statement. 9B SECTION 3 BALANCE SHEET Co er County 9B SECTION 3 BALANCE SHEET 125.3401(2) The most recent available balance sheet for the utility, listing assets and liabilities and clearly showing the amount of contributions-in-aid-of-construction and accumulated depreciation thereon. The most recent balance sheet for the Golden Gate System is contained in the FGUA's Comprehensive Annual Financial Report for the Fiscal Year ending September 30, 2016 (the most recently completed and audited fiscal year for the Golden Gate System) and is contained at the end of this section as Table 3-1: Statement of Net Position. The most recent historical operating results were considered by the County in its evaluation of the System. As can be seen in Table 3-1, the original gross utility plant investment based on the original cost of when such plant was placed into service or incurred as part of the construction of asset additions was reported by the FGUA to be $47,602,118 for the Golden Gate System (includes $46,716,195 in utility plant plus utility land or property of$500,040 and $385,883 in construction in progress for projects that were currently underway during the Fiscal Year 2016). The net plant in service (total gross utility plant less accumulated depreciation of$22,558,111) as reported by the FGUA for the Fiscal Year 2016 was $25,044,007. It should be noted that the estimated net replacement cost of the utility plant-in-service (predicated on today's construction cost values) is expected to be higher than the original installed costs of such facilities. In order to finance the original acquisition of the Golden Gate System in 1999 by the FGUA and to construct additional improvements, replacements, and betterments to the Golden Gate System, the FGUA has issued senior and subordinate lien debt. The senior lien debt represents indebtedness issued pursuant to the Trust Indenture (reference Section 1) which has a first lien pledge on the Net Revenues (Gross Revenues less the payment of Operating Expenses) and Connection (Impact) Fees of the Golden Gate System and the subordinate lien debt consists of low interest Drinking Water and Clean Water State Revolving Fund loans administered through the Florida Department of Environmental Protection and a Loan Agreement with SunTrust Equipment Finance &Leasing Corp. As reported in the Fiscal Year 2016 Comprehensive Annual Financial Report for the FGUA, the total bonds and notes payable as of September 30, 2016 was $39,871,983 and as of September 1, 2017 the total bonds and notes payable is estimated to be $38,658,753 (reference Section 6 for a summary of the outstanding debt). Upon acquisition of the Golden Gate System by the County, and in accordance with the "Interlocal Agreement Relating to the Acquisition of the Golden Gate System" between the FGUA and the CCWSD dated March 1, 1999, the Golden Gate System's outstanding debt and any additional obligations of the FGUA as it relates to the Golden Gate System will either be repaid as part of the terms of the acquisition or may be assumed by the County (no longer a liability of the FGUA) and become a debt of the District System. (Remainder of page intentionally left blank) K:\DC1125-45\Rpt\Chapter 125 Report\Briefing Doc 125 Hearing 3-1 98 TABLE 3-1 FLORIDA GOVERNMENTAL UTILITY AUTHORITY STATEMENT OF NET POSITION SEPTEMBER 30,2016 Golden Gate Utility System Assets: Current Assets Cash and Cash Equivalents $6,797,569 Restricted Assets: Cash and Cash Equivalents 1,838,640 Bonds Receivable - Interest Receivable - Accounts Receivable,Net 1,166,278 Due from Other Governments - Prepaid Items 224,819 Total Current Assets $10,027,306 Non-Current Assets Restricted Assets: Cash and Cash Equivalents $4,519,136 Investments - Bonds Receivable - Special Assessment Receivable - Intangible Right-of-Use Agreement - Land 500,040 Utility Plant 46,716,195 Construction-in-Process 385,883 Accumulated Depreciation (22,558,111) Excess of Cost Over Fair Value of Acquired Assets,Net 5,654,054 Total Non-Current Assets $35,217,197 Total Assets $45,244,503 Deferred Outflows of Resources: Deferred Loss on Bond Refunding $362,407 Liabilities: Current Liabilities Accounts Payable $443,130 Customer Deposits 590,373 Liabilities Payable from Current Restricted Assets: Accounts Payable 236,760 Interest Payable 388,650 Current Portion of Long-Term Debt 1,213,230 Total Current Liabilities $2,872,143 Non-Current Liabilities Non-Current Portion of Long-Term Debt $39,658,828 Total Liabilities $42,530,971 Table continued on following page. 96 TABLE 3-1 (cont'd.) FLORIDA GOVERNMENTAL UTILITY AUTHORITY STATEMENT OF NET POSITION SEPTEMBER 30,2016 Golden Gate Utility System Net Position: Net Investment in Capital Assets ($7,311,519) Restricted for: Capital Projects 2,285,134 Debt Service 947,161 Unrestricted 7,15 5,163 Total Net Position $3,075,939 The accompanying notes to financial statements included in the FGUA Comprehensive Annual Financial Report are an integral part of this statement. 9B SECTION 4 STATEMENT OF EXISTING RATE BASE Co er County 9B SECTION 4 STATEMENT OF EXISTING RATE BASE 125.3401(3) A statement of the existing rate base of the utility for regulatory purposes. Generally speaking, the rate base of a utility company represents the depreciated cost to the utility company of the plant and facilities financed by the owners of the utility, which is used to provide utility service to the public. Specifically, the rate base of a utility includes gross plant in service, less accumulated depreciation and net contributed capital and/or plant, an allowance for working capital, materials and supplies inventory, and certain other financial considerations. The concept of rate base essentially deals with the establishment of rates for a privately-owned utility. Since the FGUA is a publically-owned, not-for-profit entity, rate base calculations for the Golden Gate System are not readily applicable. However, since the concept of rate base links to utility plant-in-service, reference is made to Section 3, which provides a discussion of the Golden Gate System net utility plant-in-service. (Remainder of page intentionally left blank) K:\DC 1 125-45\Rpt\Chapter 125 Report\Briefing Doc 125 Hearing 4-1 96 SECTION 5 PHYSICAL CONDITION OF THE UTILITY FACILITIES Co er County 98 SECTION 5 PHYSICAL CONDITION OF THE UTILITY FACILITIES 125.3401(4) The physical condition of the utility facilities being purchased or sold. The County retained an engineering firm, Stantec Consulting Services, Inc. ("Stantec"), to evaluate the technical feasibility of the County's acquisition of the FGUA Golden Gate System and identify/ evaluate opportunities to: i) address safe and reliable drinking water and wastewater service delivery; ii)provide water service to residents at best value rates; iii)make a long-term investment improving viability in the Golden Gate System; and iv)provide a long- term strategy to address environmental impacts. Based on their review of available information (e.g., available reports, permits, operational data) and on-site inspections of the water and wastewater treatment facilities, findings and conclusions are presented in the "Technical Feasibility Study for Acquisition of FGUA Water and Wastewater Assets in Golden Gate" (the "Technical Feasibility Study") report dated June 13, 2017. A copy of the executive summary for the Technical Feasibility Study is included in Appendix A of this report. At the request of the County, AECOM Technical Services, Inc. ("AECOM") as the consulting engineer for the District's master plan is currently performing due diligence activities to evaluate and document the physical condition of the FGUA treatment facilities and the capacity of the facilities to provide safe and reliable potable water and wastewater service to meet existing and future customer needs. As a part of this effort, AECOM reviewed existing engineering and operational reports to gain an understanding of the condition and regulatory compliance of the potable water and wastewater facilities. In addition, interviews with FGUA and CCWSD operational staff and due diligence site inspections of the FGUA Golden Gate Utility System potable water and wastewater treatment facilities were completed. A brief summary of the findings from the due diligence site inspections is provided below. AECOM is in general agreement with the conclusions and findings presented in the "Technical Feasibility Study for Acquisition of FGUA Water and Wastewater Assets in Golden Gate" report,which are summarized as follows: 1. The existing wastewater treatment plant is in good condition and limited short-term improvements are needed to maintain wastewater service to existing customers. Improvements were made recently to the following components of the wastewater treatment plant: a. In June 2016, a flow metering device designed to accurately measure the flow from the effluent pump station to the percolation ponds was installed as directed by the Florida Department of Environmental Protection ("FDEP"). b. In June 2017, repairs (cleaning and coating) to address corrosion at the facility (including digester steel tanks in package plant 1) were completed to be in compliance with FDEP regulations. K:\DC1 125.45' pt\Chapter 125 Report\Br efing Doc 125 Hearing 5-1 9B c. In August 2017, two (2) new positive displacement blowers and associated piping were installed to service the aeration units. d. In September 2017, deep injection well system improvements including a 250 kilowatt generator and deep injection well pad were installed. 2. The existing wastewater collection system is in good condition. Pump station rehabilitations are recommended for long term use to meet the Collier County Water-Sewer District standards. Future expansion of the wastewater collection system to areas presently served by private onsite wastewater treatment systems is recommended to be evaluated. 3. The existing lime softening water treatment facility is in poor condition and further evaluation of the structural integrity of the existing tankage is required, should it be retained in service. The existing reverse osmosis treatment facility is in generally good condition. However, raw water improvements are needed to increase the efficiency of the membrane filters. The source water for the plant has elevated concentrations of dissolved iron and organics causing reverse osmosis ("RO") membrane filter fouling issues. Poor water quality leads to increased maintenance and inefficient operation. Therefore, the raw water wells are currently being refurbished to address issues related to dissolved iron and organics. 4. The existing water distribution system is in need of upgrades to address areas where frequent water main breaks are occurring, which are considered to be a result of improper construction methods at the time original development. This will require additional capital investment to improve the condition of the water distribution system. A meter replacement program has been completed recently and Automated Metering Infrastructure ("AMI') installation is currently underway. The County's preliminary plan based on the findings discussed above is to decommission the water treatment plant facilities and interconnect the Golden Gate potable water system with the CCWSD potable water system shortly after acquisition and to remove both the reverse osmosis and lime softening plants from service,with a goal of providing safe drinking water and adequate fire protection (fire hydrants) throughout the service area. Additionally, the County plans to continue to perform ongoing renewals and replacements (capital re-investment) on the water distribution system in a systematic manner to improve the overall long-term service capability. The County's plan based on the findings discussed above is to continue the operation of the Golden Gate wastewater treatment and collection systems in the near-term. K:\DCI 125A5\Rpt\Chapter 125 Report\Briefiing Doc 125 Hearing 5-2 9B SECTION 6 REASONABLENESS OF PURCHASE PRICE AND TERMS 9tLcointy 9B SECTION 6 REASONABLENESS OF PURCHASE PRICE AND TERMS 125.3401(5) The reasonableness of purchase or sales price and terms. Based on the review of the utility assets and utility service area (customers and revenues) which would convey to the District from the FGUA as a result of the transaction, and the proposed acquisition payment terms as previously established by agreement between the District and the FGUA, the County is of the general opinion of the following: 1. In accordance with the "Interlocal Agreement Relating to the Acquisition of the Golden Gate System" between the FGUA and the CCWSD dated March 1, 1999 (the "Acquisition Agreement"),the CCWSD may acquire the Golden Gate System for a purchase price equal to the amount required to repay the Golden Gate System's outstanding bonds and any additional obligations of the FGUA. The CCWSD must also pay a pro-rata share of all reasonable and verifiable expenses associated with the transfer of the Golden Gate System by the FGUA to the CCWSD. As of October 1, 2017, the outstanding aggregate principal amount of debt for the Golden Gate System is anticipated to total $38,658,753, consisting of: • Utility Refunding Revenue Bonds, Series 2010 Bonds, outstanding principal amount of$6,315,000; • Utility Refunding Revenue Bonds, Series 2012 Bonds, outstanding principal amount of$16,040,000; • Utility Refunding Revenue Bonds, Series 2015 Bonds, outstanding principal amount of$12,605,000; • Clean Water State Revolving Fund Loan — Loan Agreement CS 12090902P, outstanding principal amount of$656,137; • Drinking Water State Revolving Fund Loan — Loan Agreement DW1127010, outstanding principal amount of$777,516; and • SunTrust Equipment Finance & Leasing Corp. loan pursuant to a Guaranteed Energy, Water and Wastewater Performance Savings Contract with Siemens, outstanding principal amount of$2,265,100. Upon acquisition, the outstanding aggregate principal amount of bonds on the day of the Golden Gate System transfer will be determined and may be slightly different from the amount indicated above. 2. All cash balances remaining after the payment of any liabilities (not associated with the outstanding utility debt shown above) will be transferred to the County. Based on financial K:\DCI125-45\Rpt\Chapter 125 Report\Briefng Doc 125 Hearing 6-1 9B information provided by the FGUA and in support of the financial statements reported in the Fiscal Year 2106 FGUA Comprehensive Annual Financial Report, the total amount of cash and cash equivalents was $13,155,345 (reference Table 3-1 in Section 3) of which the estimated amount of unrestricted funds (funds available for any system purpose, not restricted to payment of debt service, specific capital projects, or customer deposits) was $6,205,853. Additionally, it is estimated that there are $2,285,135 in net capital-related funds (the Renewal and Replacement Fund and the Water and Wastewater Connection Fee Funds) that may be available for the financing of future capital projects. There is a debt service reserve established for the Utility Refunding Revenue Bonds, Series 2010 Bonds in the amount of $631,782, which is anticipated to be available to be applied towards the financing of the cost of the acquisition by the District. Finally, as of September 30, 2016, there were unspent bond proceeds, which would be available to be applied towards the repayment of the outstanding Golden Gate System the financing of the cost of the acquisition by the District or that may be applied to the financing of capital projects in the amount of$335,015. The net immediate financial cost associated with the acquisition to the County is estimated at$29,500,968 as shown below: Amount Total Estimated Bonds Outstanding $38,658,753 Plus:Allowance for Transition Costs 300,000 Less:Estimated Fund Deposit Transfers: Unrestricted Reserves/Rate Stabilization Fund ($6,205,853) Renewal&Replacement/Connection Fee Funds (2,285,135) Series 2010 Bonds—Debt Service Reserve Fund (631,782) Series 2010 Bonds—Construction Fund (335,015) Net Amount of Transaction $29,500,968 Net Utility Plant Investment(9/30/2016)(Section 3) $25,044,007 As can be seen above, the net amount of the transaction approximates the net utility plant in service (original installed cost), a fact which promotes the reasonableness of the transaction. In order to evaluate the reasonableness of the purchase price, a comparison of the sale price per net utility plant investment for this transaction with a survey of 42 other transactions for which information was readily available to PRMG was performed and is included in Tables 6-1 and 6-2 at the end of this section. The purchase price was considered comparable to the average price paid per net utility plant investment for the transactions surveyed as shown below. (Remainder of page intentionally left blank) K:\DC112545\Rpt\Chapter 125 Report\Briefing Doc 125 Hearing 6-2 4B Amount Total Estimated Bonds Outstanding $38,658,753 Net Amount of Transaction $29,500,968 Comparable Sales Analysis: Net Amount of Transaction $29,500,968 Average Price to Net Investment Ratio of Surveyed Utilities[*] 136.10% Implied Price Based on Net Investment[*] $40,151,405 [*] Amount derived from the average Price to Net Investment Ratio based on a survey of 42 other transactions as shown in Table 6-2 at the end of this section. Since the purchase price is specified in the Acquisition Agreement between two publicly-owned, not-for-profit entities and essentially represents the assumption of Golden Gate System debt liability by the County (essentially is for assets in service)which, when recognizing the available funds that would be transferred to the County, approaches the reported net utility plant investment of the Golden Gate System, the County considers the purchase price to be reasonable. (Remainder of page intentionally left blank) K:\DC1125-45\Rpt\Chapter 125 Report\Briefing Doc 125 Hearing 6-3 98 O 00 0 N 0 0 M Cn N- N O, N-- t` t` N 00 kr) 0 00 M 0 0 gr, V M N C N n V' kr) 0 00 N. Cn N ..r) 00 O N` 0 0, N. 00 V N N 0 0 0 y 0i .0 6 00 .-. '- i .: rn N 0, t` O --� 00 N M ▪ CO a) r, 01 co 1--- 4 0 N Cr)Cn 0o Cr)V1 N— M 0o 00 N N �O 7 0 •0. M M V 00 r-- O m r••• N- -. 00 \O `O U h r- Q o. a' . 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DO N - ( — § \ DO \ VS 0 \ \ / ® \ N © 01 ± 5.\ 6.9 \ \ \ co kr) \ ) \/ 7 z / ƒj \ .--4 — — r ) § o up \ \ \ \ \ \ƒH j .75. 2 E ] u / . \ \ \ • § ( k• $ \ § Ii ! 'cl 6. / 0 & & & & o• \ \ \ \ \ \ • 9 .0 = e ` g 8 644 cr c.0.0 6e 0 / ( / 3 _ §• 0 0 0 0 2 @ 2 = 0 3 3 3 ) k 0 j f \ $ & \ 0 0 % O = _ _ _ / t « i E & o- 7.:\ \ ] / a 0 C & k ) 04 Z ; Li E / ƒ \ r. / / 0 ... \ w / \ \ 0 ) 0 0 fl. \ 0 = 73 u \ 0 co \ ) .4,E; V 0 \ \ j - / \� % co r $ J g N 9 - & 96 SECTION 7 IMPACTS OF PURCHASE Coes County 9B SECTION 7 IMPACTS OF PURCHASE 125.3401(6) The impacts of the purchase or sale on utility customers, both positive and negative. There are numerous positive impacts on the utility customers resulting from the acquisition of the water and wastewater utility assets of the Golden Gate System by the District, which are summarized as follows: 1. The Golden Gate System under District ownership will become a part of a large regional utility system. Correspondingly, the ability to finance ongoing infrastructure re-investment needs, the ability to meet increasing regulations on the cost of providing service, and the overall consistency in the management of utility systems located in unincorporated Collier County should result in long-term benefits to the Golden Gate System ratepayers. Additionally, over time the Golden Gate System will receive benefit associated with lower unit costs for utility service (operations and financing of capital needs) due to the overall economies of scale that generally result for regional utilities such as the County (ability to allocate costs over a large customer base, etc.). 2. It is anticipated by the County that upon the acquisition of the Golden Gate System, the rates for monthly utility service will be adjusted to be consistent with the current District rates. The current District rates for both water and wastewater service are lower than the current Golden Gate System rates which will result in a positive impact in the form of rate relief for the existing Golden Gate System customers. Depending on the directions of the Board of County Commissioners, the benefits received by the Golden Gate customers could be significant. Approximately 89% of Golden Gate System water customers and 87% of wastewater customers are classified as residential customers who receive service through a 5/8-inch meter (the smallest meter size in service, which is typically used for providing service to individually-metered single-family residential service customers). Table 7-1 at the end of this section presents a bill comparison of the current Golden Gate System rates to the current CCWSD rates at different usage levels. The combined monthly residential water and wastewater bill comparison as shown on Table 7-1 represents rates as of August 2017 and is summarized on a consolidated basis in the table below: (Remainder of page intentionally left blank) K\DC 1125-05\RpnChapter 125 Report\Briefing Doc 125 Hearing 7-1 9B Combined Monthly Residential Bill- Fiscal Year 2017 FGUA Golden Gate System Rates to CCWSD Rates[*] Monthly Bill Under Bill Under Change %of Bills Use(Gal.) FGUA Rates CCWSD Rates Amount % Rendered 0 $63.33 $53.56 ($9.77) -15.4% 4.6% 1,000 76.70 61.03 (15.67) -20.4% 9.8% 2,000 90.07 68.50 (21.57) -23.9% 19.8% 3,000 103.44 75.97 (27.47) -26.6% 33.0% 4,000 116.81 83.44 (33.37) -28.6% 47.4% 5,000 130.18 90.91 (39.27) -30.2% 61.0% 6,000 143.55 99.85 (43.70) -30.4% 72.0% 7,000 150.37 108.79 (41.58) -27.7% 80.1% 8,000 157.19 117.73 (39.46) -25.1% 86.0% 9,000 164.01 126.67 (37.34) -22.8% 90.0% 10,000 170.83 135.61 (35.22) -20.6% 92.6% 11,000 178.59 145.99 (32.60) -18.3% 94.4% 12,000 186.35 156.37 (29.98) -16.1% 95.7% 13,000 194.11 166.75 (27.36) -14.1% 96.7% 14,000 201.87 177.13 (24.74) -12.3% 97.4% 15,000 209.63 187.51 (22.12) -10.6% 97.9% 16,000 217.39 193.33 (24.06) -11.1% 98.3% 17,000 225.15 199.15 (26.00) -11.5% 98.6% 18,000 232.91 204.97 (27.94) -12.0% 98.9% 19,000 240.67 210.79 (29.88) -12.4% 99.1% 20,000 248.43 216.61 (31.82) -12.8% 99.2% =Estimated Average Residential Water Usage for single-family residential customer in the FGUA Golden Gate System service area. [*] Amounts derived from Table 7-1;reflects residential service on a combined water and wastewater utility service basis. 3. Another positive impact of the County's acquiring the Golden Gate System relates to the County's plans for capital investment in the Golden Gate System. As discussed in further detail in Section 8 of this report, the CCWSD plans to interconnect the Golden Gate water system to the CCWSD's regional potable water system with a goal of: i) removing water treatment facilities from service to provide for improved water resource management and delivery and the overall regionalization of water service; and ii)providing 100% fire hydrant coverage to greater than 90% of residences in the primary Golden Gate System service area. A longer-term goal (within 10 to 20 years after acquisition) is to i)make the necessary investments to extend regional wastewater service to residences and commercial properties currently being served by on-site disposal systems (i.e., septic tanks) to promote the long-term environmental needs of the County and to assure that all wastewater customers have access to the treatment and disposal needs that meets the then effective regulations; and ii) interconnect the wastewater systems as the Golden Gate System wastewater treatment facility begins to reach their estimated useful service life. 4. Management policies would be more beneficial to the Golden Gate System under District ownership since there will be common and consistent construction standards, extension policies, fees for new development, customer service and accounting policies, and other standards applied to new and existing customers of the Golden Gate System (all policies and fees will be consistent with other County policies and fees). K:\DC t 125.45\Rpt\Chapter 125 Report\Briefing Doc 125 Hearing 7-2 9B 5. Do to the regional nature of the District System and the more favorable ability to finance utility infrastructure, the District should be able to better control and correct any current or future regulatory environmental impacts and provide surface, groundwater, and other environmental protection which will promote the public health, safety, and welfare of the public. 6. Customers of the Golden Gate System should receive improved local representation relative to customer service, rate regulatory issues, and overall system operations since those customers will be served and represented by the BOCC. The negative impacts associated with the proposed utility acquisition are the following: 1. A negative impact associated with the proposed utility acquisition is that, as owner of the Golden Gate System, the County will have to assume responsibility for operations and maintenance of the system and ensure that any capital deficiencies are corrected in order to meet County operating standards. The County will be required to assume all the future liabilities involved in ownership of the Golden Gate System, if any, and responsibility for the application of rates and charges. 2. The addition of the Golden Gate System and the attendant additional debt in order to finance the acquisition of such system will have a near-term negative fiscal affect to the current financial position of the District System. Although it is anticipated that there would be a reduction in several financial metrics of the District System (e.g., net revenue margin relationship, debt service coverage, etc.), the acquisition of the Golden Gate System is not anticipated to have a significant impact on the existing customers currently being served by the District or to result in an immediate reduction to the credit rating of the District from a financial standpoint. The transaction will not compromise the ability of the District Net Revenues to meet the rate covenants as delineated in the Bond Resolution which authorized the issuance of the Districts outstanding utility revenue bonds (senior lien). (Remainder of page intentionally left blank) K:\DCI 125-45\Rpt\Chapter 125 Report\Briefing Doc 125 Hearing 7-3 9B Page 1 of 3 Table 7-1 Collier County Water-Sewer District Report to Address Requirements of Chapter 125.3401,Florida Statutes Bill Comparison-Fiscal Year 2017 FGUA Golden Gate System Rates vs.CCWSD Rates Approximately 89%of FGUA Golden Gate Water Customers and 87%of Wastewater Customers are 5/8"Meter Residential Customers WATER BILL Line Existing FGUA Golden Gate System Collier County Water-Sewer District No. Monthly Water Rates Monthly Water Rates 1 Base Rate $27.48 Base Rate $21.19 Rate per kgal Rate per kgal 2 0 to 6,000 gallons $6.21 0 to 5,000 gallons $2.91 3 6,001 to 10,000 gallons 6.82 6,000 to 10,000 gallons 4.38 • 4 10,001 to 20,000 gallons 7.76 11,000 to 20,000 gallons 5.82 5 Over 20,000 gallons 9.69 21,000 to 30,000 gallons 7.27 6 31,000 to 50,000 gallons 8.72 7 Over 50,000 gallons 11.62 Existing New Monthly Use Water Monthly Use Water Change %of Bills (gal) Bill (gal) Bill Amount % Rendered 8 0 $27.48 0 $21.19 ($6.29) -22.9% 4.6% 9 1,000 33.69 1,000 24.10 (9.59) -28.5% 9.8% 10 2,000 39.90 2,000 27.01 (12.89) -32.3% 19.8% 11 3,000 46.11 3,000 29.92 (16.19) -35.1% 33.0% 12 4,000 52.32 4,000 32.83 (19.49) -37.3% 47.4% 13 5,000 58.53 5,000 35.74 (22.79) -38.9% 61.0% 14 6,000 64.74 6,000 40.12 (24.62) -38.0% 72.0% 15 7,000 71.56 7,000 44.50 (27.06) -37.8% 80.1% 16 8,000 78.38 8,000 48.88 (29.50) -37.6% 86.0% 17 9,000 85.20 9,000 53.26 (31.94) -37.5% 90.0% 18 10,000 92.02 10,000 57.64 (34.38) -37.4% 92.6% 19 11,000 99.78 11,000 63.46 (36.32) -36.4% 94.4% 20 12,000 107.54 12,000 69.28 (38.26) -35.6% 95.7% 21 13,000 115.30 13,000 75.10 (40.20) -34.9% 96.7% 22 14,000 123.06 14,000 80.92 (42.14) -34.2% 97.4% 23 15,000 130.82 15,000 86.74 (44.08) -33.7% 97.9% 24 16,000 138.58 16,000 92.56 (46.02) -33.2% 98.3% 25 17,000 146.34 17,000 98.38 (47.96) -32.8% 98.6% 26 18,000 154.10 18,000 104.20 (49.90) -32.4% 98.9% 27 19,000 161.86 19,000 110.02 (51.84) -32.0% 99.1% 28 20,000 169.62 20,000 115.84 (53.78) -31.7% 99.2% 29 25,000 218.07 25,000 152.19 (65.88) -30.2% 99.6% 30 30,000 266.52 30,000 188.54 (77.98) -29.3% 99.7% 31 35,000 314.97 35,000 232.14 (82.83) -26.3% 99.8% 32 40,000 363.42 40,000 275.74 (87.68) -24.1% 99.9% 33 45,000 411.87 45,000 319.34 (92.53) -22.5% 99.9% 34 50,000 460.32 50,000 362.94 (97.38) -21.2% 99.9% 9/18/2017;2:52 PM Page 2 of 3 9 B Table 7-1 Collier County Water-Sewer District Report to Address Requirements of Chapter 125.3401,Florida Statutes Bill Comparison-Fiscal Year 2017 FGUA Golden Gate System Rates vs.CCWSD Rates Approximately 89%of FGUA Golden Gate Water Customers and 87%of Wastewater Customers are 5/8"Meter Residential Customers WASTEWATER BILL Line Existing FGUA Golden Gate System Collier County Water-Sewer District No. Monthly Wastewater Rates Monthly Wastewater Rates 35 Base Rate $35.85 Base Rate $32.37 Rate per kgal Rate per kgal 36 All Billed Consumption $7.16 All Billed Consumption $4.56 (capped at 6,000 gallons) (capped at 15,000 gallons) Existing New Monthly Use Wastewater Monthly Use Wastewater Change %of Bills (gal) Bill (gal) Bill Amount % Rendered 37 0 $35.85 0 $32.37 ($3.48) -9.7% 4.6% 38 1,000 43.01 1,000 36.93 (6.08) -14.1% 9.8% 39 2,000 50.17 2,000 41.49 (8.68) -17.3% 19.8% 40 3,000 57.33 3,000 46.05 (11.28) -19.7% 33.0% 41 4,000 64.49 4,000 50.61 (13.88) -21.5% 47.4% 42 5,000 71.65 5,000 55.17 (16.48) -23.0% 61.0% 43 6,000 78.81 6,000 59.73 (19.08) -24.2% 72.0% 44 7,000 78.81 7,000 64.29 (14.52) -18.4% 80.1% 45 8,000 78.81 8,000 68.85 (9.96) -12.6% 86.0% 46 9,000 78.81 9,000 73.41 (5.40) -6.9% 90.0% 47 10,000 78.81 10,000 77.97 (0.84) -1.1% 92.6% 48 11,000 78.81 11,000 82.53 3.72 4.7% 94.4% 49 12,000 78.81 12,000 87.09 8.28 10.5% 95.7% 50 13,000 78.81 13,000 91.65 12.84 16.3% 96.7% 51 14,000 78.81 14,000 96.21 17.40 22.1% 97.4% 52 15,000 78.81 15,000 100.77 21.96 27.9% 97.9% 53 16,000 78.81 16,000 100.77 21.96 27.9% 98.3% 54 17,000 78.81 17,000 100.77 21.96 27.9% 98.6% 55 18,000 78.81 18,000 100.77 21.96 27.9% 98.9% 56 19,000 78.81 19,000 100.77 21.96 27.9% 99.1% 57 20,000 78.81 20,000 100.77 21.96 27.9% 99.2% 58 25,000 78.81 25,000 100.77 21.96 27.9% 99.6% 59 30,000 78.81 30,000 100.77 21.96 27.9% 99.7% 60 35,000 78.81 35,000 100.77 21.96 27.9% 99.8% 61 40,000 78.81 40,000 100.77 21.96 27.9% 99.9% 62 45,000 78.81 45,000 100.77 21.96 27.9% 99.9% 63 50,000 78.81 50,000 100.77 21.96 27.9% 99.9% 9/18/2017;2:52 PM Page 3 of 3 9 B Table 7-1 Collier County Water-Sewer District Report to Address Requirements of Chapter 125.3401,Florida Statutes Bill Comparison-Fiscal Year 2017 FGUA Golden Gate System Rates vs.CCWSD Rates Approximately 89%of FGUA Golden Gate Water Customers and 87%of Wastewater Customers are 5/8"Meter Residential Customers COMBINED BILL Existing New Line Monthly Use Combined Monthly Use Combined Change %of Bills No. (gal) Bill (gal) Bill Amount % Rendered 64 0 $63.33 0 $53.56 ($9.77) -15.4% 4.6% 65 1,000 76.70 1,000 61.03 (15.67) -20.4% 9.8% 66 2,000 90.07 2,000 68.50 (21.57) -23.9% 19.8% 67 3,000 103.44 3,000 75.97 (27.47) -26.6% 33.0% 68 4,000 116.81 4,000 83.44 (33.37) -28.6% 47.4% 69 5,000 130.18 5,000 90.91 (39.27) -30.2% 61.0% 70 6,000 143.55 6,000 99.85 (43.70) -30.4% 72.0% 71 7,000 150.37 7,000 108.79 (41.58) -27.7% 80.1% 72 8,000 157.19 8,000 117.73 (39.46) -25.1% 86.0% 73 9,000 164.01 9,000 126.67 (37.34) -22.8% 90.0% 74 10,000 170.83 10,000 135.61 (35.22) -20.6% 92.6% 75 11,000 178.59 11,000 145.99 (32.60) -18.3% 94.4% 76 12,000 186.35 12,000 156.37 (29.98) -16.1% 95.7% 77 13,000 194.11 13,000 166.75 (27.36) -14.1% 96.7% 78 14,000 201.87 14,000 177.13 (24.74) -12.3% 97.4% 79 15,000 209.63 15,000 187.51 (22.12) -10.6% 97.9% 80 16,000 217.39 16,000 193.33 (24.06) -11.1% 98.3% 81 17,000 225.15 17,000 199.15 (26.00) -11.5% 98.6% 82 18,000 232.91 18,000 204.97 (27.94) -12.0% 98.9% 83 19,000 240.67 19,000 210.79 (29.88) -12.4% 99.1% 84 20,000 248.43 20,000 216.61 (31.82) -12.8% 99.2% 85 25,000 296.88 25,000 252.96 (43.92) -14.8% 99.6% 86 30,000 345.33 30,000 289.31 (56.02) -16.2% 99.7% 87 35,000 393.78 35,000 332.91 (60.87) -15.5% 99.8% 88 40,000 442.23 40,000 376.51 (65.72) -14.9% 99.9% 89 45,000 490.68 45,000 420.11 (70.57) -14.4% 99.9% 90 50,000 539.13 50,000 463.71 (75.42) -14.0% 99.9% 9/18/2017;2:52 PM 98 SECTION 8 ADDITIONAL INVESTMENT REQUIRED Cor County 9e SECTION 8 ADDITIONAL INVESTMENT REQUIRED 125.3401(7) Any additional investment required and the ability and willingness of the County to make that investment. As documented in Section 5 regarding the current physical condition of the Golden Gate System, it was determined that the wastewater treatment facility and collection system are in generally good condition. However, continued capital investment is required to maintain the wastewater treatment facilities and the collection system. Initial upgrades were recommended in the Technical Feasibility Study report dated June 13, 2017. The Technical Feasibility Study includes the following near-term improvements and evaluations for the wastewater system: Estimated Costs for Golden Gate Wastewater Treatment and Collection System Near-Term Improvements and Evaluations Ill Project Amount Replace Hatches/Handrails and Address Corrosion at Headworks $95,000 Address Corrosion at Facilities 60,000 Repair Pump Mount and Remove Corrosion/Coat Piping at the Deep Injection Well Pump Station 25,000 Evaluate Generator Capacity 10,000 Perform Wastewater Collection System Rehabilitation Study 100,000 Total Cost $290,000 [1] Amounts shown are contained in Technical Feasibility Study report;reference Appendix A at the end of this report for a copy of the executive summary to the Technical Feasibility Study. AECOM concurs with the $190,000 earmarked for near-term wastewater treatment plant upgrades given the recent improvements made. However, it is recommended that the $100,000 identified for Wastewater Collection System Rehabilitation Study be increased so that a Sanitary Sewer Assessment can be completed to identify deficiencies in the collection system and to develop a prioritized list of improvements to be implemented as part of a capital improvement program. The Sanitary Sewer Assessment is recommended to include field investigative work such as television inspection and manhole inspections. Therefore, preliminary costs for this assessment are estimated to be approximately $300,000 to $400,000, which would increase the budget for the Collection System Rehabilitation Study to $400,000. Consequently, the recommended implementation cost for near term improvements is $590,000. AECOM observed that the FGUA potable water distribution system is in need of upgrades. Also, the lime softening water treatment facility is in poor condition, requiring further evaluation of the structural integrity of the existing tankage. The RO system is in need of upgrades to improve efficiencies, which ultimately require refurbishment and expansion of the raw water supplies. Similar observations were noted in the Technical Feasibility Study along with recommended near-term improvements to interconnect the FGUA potable water service area with the CCWSD potable water service area. The interconnection proposed in the Technical Feasibility Study included new piping from the CCWSD potable water main located at the K:\DCI I2S-45\Rpt\Chapter 125 Report\Briefing Doc 125 Hearing 8-1 9B intersection of Collier Boulevard and Green Boulevard to the existing FGUA potable water storage tank and booster pump station (located on Green Boulevard), along with the addition of a 2 million-gallon (MG) potable water storage tank and expansion of the existing booster pump station. The Technical Feasibility Study also recommended near-term projects to complete a detailed evaluation of the FGUA Water Treatment Plant, an evaluation of the potable water production well performance, and a water distribution system rehabilitation study. The costs of these near-term improvements are summarized below: Estimated Costs for Golden Gate Water Treatment and Distribution System Near-Term Improvements and Evaluations [1] Project Amount CONNECT TO CCWSD POTABLE WATER SYSTEM Engineering $467,000 2 Million-Gallon Tank at Booster Site 1,700,000 Booster Station Expansion 750,000 Tie-In to 36-Inch 30,000 Canal Crossing 500,000 State Road 951 Horizontal Directional Drill 750,000 16-Inch PVC 864,000 Connect to FGUA System 30,000 Instrumentation and Control Systems Upgrades 50,000 Subtotal $5,141,000 ADDITIONAL IMPROVEMENTS Evaluate Potable Water Production Well Performance $45,000 Perform Detailed Water Treatment Plant Evaluation 75,000 Perform Water Distribution System Rehabilitation Study 100,000 Subtotal $220,000 Total Cost $5,361,000 [I] Amounts shown are contained in Technical Feasibility Study report;reference Appendix A at the end of this report for a copy of the executive summary to the Technical Feasibility Study. AECOM is in agreement with the conclusion provided in the Technical Feasibility Report that upgrades are needed to the potable water distribution system, and the FGUA potable water system is recommended to be interconnected with the CCWSD potable water system. However, AECOM recommends that the plan to interconnect the systems be modified to include three interconnection points and the decommissioning of the Water Treatment Plant, a plan currently being evaluated by CCWSD staff. The FGUA potable water service area is contiguous with the CCWSD potable water service area and it is located in close proximity to the South County Regional Water Treatment Facility. Therefore, decommissioning the FGUA Water Treatment Plant facilities in lieu of planning to make the necessary upgrades to the RO system and raw water supplies is recommended after the two potable water service areas are interconnected. The CCWSD is currently developing construction plans to interconnect the CCWSD potable water system to the FGUA system in three locations. AECOM has reviewed 60% design plans to interconnect the potable water systems (three locations) and the opinion of probable K:\DCI125-45apt\Chapter 125 Report\Briefing Doc 125 Hearing 8-2 9B construction cost that has been developed and concurs with the preliminary plans and associated probable construction cost of $1.1 million. However, AECOM recommends that additional hydraulic modeling of the potable water system be completed to verify that the system is able to meet the current CCWSD level of service standards associated with available pressure, potable water storage, and domestic and fire protection demands. AECOM anticipates the cost of this modeling would be approximately $150,000. AECOM also recommends that $100,000 should be put in place to address piping upgrades along with the $100,000 earmarked in the Technical Feasibility Report for a Water Distribution System Rehabilitation Study. The purpose of the Study is to complete a detailed assessment of the water distribution system in order to identify deficiencies, planned improvements with construction costs, and a prioritization of improvements to facilitate capital planning. The total cost for recommended near-term improvements and evaluations for the water system would be $1.45 million. The County staff is currently evaluating options associated with decommissioning or reusing the existing facilities, and there will be additional costs depending upon the option ultimately selected. The Technical Feasibility Study report also provided estimated costs for future improvements to be implemented within a ten-year period to increase reliable potable water service and provide 100% fire hydrant coverage to greater than 90% of residences in the primary service area. The budgetary cost estimate for these "Phase 2 Improvements" is $21,212,250. Finally, the Technical Feasibility Study report provided cost estimates for long-term improvements to provide increased wastewater service to residences and commercial properties currently on septic tanks that could be implemented between 10 and 20 years after acquisition. The budgetary cost estimate for these "Phase 3 Improvements" is $26,348,000. The implementation costs for Phase 2 and Phase 3 Improvements are currently under review by AECOM. The County has the financial capacity and expertise to finance and manage the additional capital investment as noted herein for near-term improvements and as delineated in the Technical Feasibility Report for future improvements. (Remainder of page intentionally left blank) K:\DC1125.45\Rpt\Chapter 125 Report\Briefing Doc 125 Hearing 8-3 9B SECTION 9 ALTERNATIVES TO THE PURCHASE Cog kr County 9B SECTION 9 ALTERNATIVES TO THE PURCHASE 125.3401(8) The alternatives to the purchase or sale and potential impact on utility customers if the purchase or sale is not made. If the Golden Gate System were not purchased by the County, the system would most likely continue to be operated by FGUA since there exists an existing agreement granting the District the right to purchase the utility and such utility is located within the service territory of the District (is not located in any municipality or outside the boundaries of the District). The existing Golden Gate System would continue to be managed by the FGUA and the customers would continue to pay monthly user rates as established by the FGUA, which are currently higher than the rates charged by the District. The capital improvements identified in Technical Feasibility Study or as identified by the FGUA to address the utility plant issues would still need to be funded, which could affect monthly service rates in the future if debt financing is required to fund the improvements. While it is possible that an outside investor may offer to purchase the Golden Gate System, it is unlikely that private ownership would provide the same level of benefits to the customers as provided under FGUA or County ownership nor it is anticipated that the County would assign the right to purchase the Golden Gate System to a private investor or utility. (Remainder of page intentionally left blank) K:\DC I t25.45\Rpt\Chapter 125 Report\Briefing Doc 125 Hearing 9-1 98 SECTION 10 STATEMENT OF QUALITY SERVICE Co er County 98 SECTION 10 STATEMENT OF QUALITY SERVICE 125.3401(9) The ability of the purchaser to provide and maintain high-quality and cost-effective utility service, whether the purchaser is the County or the entity purchasing the utility from the County. The District, which surrounds the utility service area of the Golden Gate System, has consistently operated in a prudent and efficient manner the District System, a large regional public water and wastewater utility system in Florida. The District has consistently complied with all regulations required by various regulatory agencies and rate covenants dictated by financing institutions and has continuously provided and maintained high-quality and cost-effective utility services. In addition, the District has maintained a renewal and replacement fund/ capital improvement fund for the ongoing capital re-investment/ replacement of the utility plant components within the District system to ensure that the District System continues to provide the adopted level of service to its customers. The District is rated "AAA" by Fitch Ratings and "Aal" by Moody's Investors Service, Inc., and these high credit ratings represent a positive reflection on the management of the District. The District has consistently met the financial and rate covenants outlined in the Bond Resolution, which authorized the issuance of the outstanding utility revenue bonds for the funding of capital expenditures. Based on the foregoing, the management of the District is of the opinion that it will be able to continually provide and maintain the high-quality and cost-effective utility service required to meet the level of service standards of the utility. (Remainder of page intentionally left blank) K:\DC 1125-45\Rpt\Chapter 125 Report\Briefiing Doc 125 Hearing 10-1 9B SECTION 11 STATEMENT OF PUBLIC INTEREST Co er County 9B SECTION 11 STATEMENT OF PUBLIC INTEREST Statement of Public Interest. Based upon the foregoing, the County is of the opinion that the purchase of the Golden Gate System is in the public interest and that the County has the technical experience and the financial capability to provide high-quality, long-term, and sustainable water and wastewater service to the customers of such system. (Remainder of page intentionally left blank) K:\DC1125-45\Rpt\Chapter 125 Report\Briefing Doc 125 Hearing 11-1 9B APPENDIX A EXECUTIVE SUMMARY OF TECHNICAL FEASIBILITY REPORT Cog ie r County 9B Technical Feasibility Study for Acquisition of FGUA Water and Wastewater Assets in Golden Gate Stantec Prepared for: Collier County Public Utilities Prepared by: Stantec Consulting Services Inc. 5801 Pelican Bay Boulevard Suite 300 Naples, Florida 34108-2709 ,001111111,1/00,0,4, ,•� sttRi................. �• ' �GEe/' No. 6•87p .m met :* STATE OF Ur ONAI .1'41r13117 rr�1i1111115111 June 13,2017 9.B This page is intentionally left blank 9B TECHNICAL FEASIBILITY STUDY FOR ACQUISITION OF FGUA WATER AND WASTEWATER ASSETS IN GOLDEN GATE Table of Contents EXECUTIVE SUMMARY V ABBREVIATIONS XI 1.0 INTRODUCTION 1.1 1.1 PURPOSE 1.2 2.0 AVAILABLE INFORMATION 2.1 3.0 EXISTING CONDITIONS 3.3 3.1 GENERAL 3.3 3.2 FGUA SERVICE AREA 3.3 3.3 FGUA OWNED PROPERTY 3.7 3.4 POPULATIONS, WASTEWATER FLOWS, AND POTABLE WATER DEMAND 3.9 3.5 WASTEWATER SYSTEM 3.13 3.5.1 Wastewater Collection and Conveyance System 3.13 3.5.2 Wastewater Treatment and Disposal Facility 3.13 3.5.3 Wastewater Treatment Facility Permit Requirements 3.14 3.5.4 Historical Flows 3.24 3.5.5 Wastewater Treatment Facility Field Investigations 3.33 3.5.6 Maintenance and Capital Projects 3.45 3.5.7 Wastewater Asset Evaluation Summary and Recommendations 3.45 3.6 WATER TREATMENT SYSTEM 3.48 3.6.1 Water Supply 3.48 3.6.2 Water Treatment Facility 3.51 3.6.3 Water Treatment Facility Permit Requirements 3.52 3.6.4 Historical Flows 3.56 3.6.5 Water Treatment Facility Field Investigations 3.60 3.6.6 Water Treatment Facility Maintenance and Capital Projects 3.71 3.6.7 Water Asset Evaluation Summary and Recommendations 3.72 4.0 IMPLEMENTATION PLAN 4.1 4.1 PHASE 1 4.1 4.2 PHASE 2 4.6 4.3 PHASE 3 4.11 5.0 SUMMARY AND CONCLUSION 5.1 Stantec 9B TECHNICAL FEASIBILITY STUDY FOR ACQUISITION OF FGUA WATER AND WASTEWATER ASSETS IN GOLDEN GATE LIST OF FIGURES Figure ES- 1 Proposed Potable Water Distribution Map viii Figure ES-2 Wastewater Collection Expansion Map ix Figure 1-1 FGUA Service Area Map ...., 1.3 Figure 1-2 FGUA Service Area Map 1.4 Figure 1-3 FGUA Study Evaluation Area Map 1.5 Figure 3-1 FGUA Service Area Quadrants 3.4 Figure 3-2 Septic Tank Service Area 3.5 Figure 3-3 WWTF Site Aerial 3.8 Figure 3-4 WTF Site Aerial 3.8 Figure 3-5 Potable Water Booster Station Site Aerial 3.9 Figure 3-6 FGUA Service Area Land Use Map 3.10 Figure 3-7 FGUA GGC Wastewater Collection & Conveyance System Map 3.15 Figure 3-8 FGUA GGC Wastewater Treatment Facility Site Plan 3.16 Figure 3-9 FGUA GGC WWTF Process Flow Diagram 3.17 Figure 3-10 Golden Gate WWTF Influent Flows-Monthly Average Daily Flow 3.26 Figure 3-11 Golden Gate WWTF Influent Flows-Three Month Average Daily Flow 3.27 Figure 3-12 Golden Gate WWTF Influent Flows- Annual Average Daily Flow 3.28 Figure 3-13 Golden Gate Wastewater Treatment Facility Influent Concentrations Max Month & Monthly Average CBOD5(Ib/day) 2015/2017 3.29 Figure 3-14 Golden Gate Wastewater Treatment Facility Influent Concentrations Max Month & Monthly Average TSS (Ib/day) 2015/2017 3.30 Figure 3-15 Headworks Location at WWTF Site 3.33 Figure 3-16 Package Plant 1 Location at WWTF 3.34 Figure 3-17 Package Plant 2 Location at WWTF 3.36 Figure 3-18 Digester Location at WWTF 3.37 Figure 3-19 RAS / WAS Pumps Location at WWTF 3.38 Figure 3-20 Injection Well Pump Station Location at WWTF 3.39 Figure 3-21 Accessory Structures Locations at WWTF 3.40 Figure 3-22 Deep Injection and Monitoring Wells Locations 3.42 Figure 3-23 Percolation Ponds Location at WWTF 3.44 Figure 3-24 FGUA GGC Water Distribution System Map 3.49 Figure 3-25 Water Treatment Facility Site Plan 3.53 Figure 3-26 Water Treatment Facility Process Flow Diagram 3.54 Figure 3-27 Lime Softening Plant Location at WTF Site 3.61 Figure 3-28 Ground Storage Tank Location 3.63 Figure 3-29 RO Membrane Plant Location at WTF Site 3.64 Figure 3-30 Location of the Decommissioned Lime Softening Plant 3.65 Figure 3-31 Location of the Sludge Holding Tanks 3.66 Figure 3-32 High Service Pumps Location 3.67 Figure 3-33 Accessory Structures Locations at WTF site 3.68 Figure 3-34 Chemical Storage and Injection Points Locations 3.70 Figure 3-35 Wells Locations 3.71 Figure 4-1 Water Distribution Improvements 4.3 at,) Stantec 9B TECHNICAL FEASIBILITY STUDY FOR ACQUISITION OF FGUA WATER AND WASTEWATER ASSETS IN GOLDEN GATE Figure 4-2 Phase 2 Water Distribution Improvements 4.8 Figure 4-3 Water Distribution Improvements 4.1 LIST OF TABLES Table ES-1 Phase I Implementation Plan Projects and Potential Costs vii Table ES-2 Implementation Plan Summary x Table 2-1 List of Available Information 2.1 Table 2-2 Site Visits Summary 2.2 Table 3-1 FGUA Owned Parcels 3.7 Table 3-2 Parcel Count 3.11 Table 3-3 Population Estimates 3.11 Table 3-4 Flows and Demand Estimates 3.12 Table 3-5 Wastewater Conveyance System Quantities 3.13 Table 3-6 Permit Effluent Limitations Reuse and Land Application System Rapid Infiltration Basins (R-001) 3.18 Table 3-7 Permit Effluent Limitations Deep Injection Well (U-001) 3.19 Table 3-8 Ground Water Quality Monitoring Wells 3.19 Table 3-9 Ground Water Monitoring Parameters 3.19 Table 3-10 Injection Well IW-1 3.22 Table 3-11 Monitoring Well DZMW-1 3.22 Table 3-12 Administration Order 3.23 Table 3-13 Influent Flows 3.24 Table 3-14 Influent Loadings, FLW-01 (MGD) 3.25 Table 3-15 Effluent Flows 3.31 Table 3-16 Effluent Loadings 3.32 Table 3-17 Wastewater Treatment Facilities Conditions Assessment 3.46 Table 3-18 Water Distribution System 3.50 Table 3-19 Permitted Aquifer Use Allocations 3.52 Table 3-20 Production Wells Summary 3.55 Table 3-21 Monitoring Wells Summary 3.56 Table 3-22 2015 and 2016 Raw Water and Treated Water Summary 3.56 Table 3-23 2015 and 2016 Summary of Total Water Usage and Accounted for (Gallons) 3.58 Table 3-24 2015 and 2016 Summary of Unbilled Water Usage (Gallons) 3.59 Table 3-25 Water Treatment Facility Condition Assessment 3.74 Table 4-1 Phase I Proposed Implementation Costs 4.5 Table 4-2 Phase I Proposed Implementation Schedule 4.6 Table 4-3 Engineers Opinion of Probable Cost 4.9 Table 4-4 Phase II Implantation Proposed Schedule 4.10 Table 4-5 Phase 3 Proposed Implementation Costs 4.12 Table 5-1 Implementation Plan Summary 5.2 Stantec iii 9B TECHNICAL FEASIBILITY STUDY FOR ACQUISITION OF FGUA WATER AND WASTEWATER ASSETS IN GOLDEN GATE LIST OF PHOTOS Photo 3-1 Headworks at WWTF Site 3.34 Photo 3-2 Interior of Plant 1 Tank 3.35 Photo 3-3 Exterior of Plant 1 Tank 3.35 Photo 3-4 Package Plant 2 Tank Exterior 3.36 Photo 3-5 Digester Tank at WWTF 3.37 Photo 3-6 RAS / WAS Pumps 3.38 Photo 3-7 Effluent Pumps 3.39 Photo 3-8 Accessory Building Storage Area 3.40 Photo 3-9 Fuel Storage Tank 3.41 Photo 3-10 Administration Building 3.41 Photo 3-1 1 Direct Injection Well 3.43 Photo 3-12 Monitoring Wells 3.43 Photo 3-13 Percolation Pond 3.44 Photo 3-14 Existing Lift Station 3.45 Photo 3-15 6-inch Raw Water Interconnection 3.50 Photo 3-16 WTF CitectSCADA System 3.52 Photo 3-17: Lime softening Steel tanks 3.62 Photo 3-18: Lime Softening Backwash 3.62 Photo 3-19 Water Ground Storage Tank 3.63 Photo 3-20 RO system 3.64 Photo 3-21 Fouled RO Cartridge Filters 3.65 Photo 3-22 Decommissioned Plant 3.66 Photo 3-23 Lime Sludge Holding Tanks 3.67 Photo 3-24 High service Pumps 3.68 Photo 3-25 Accessory Building 3.69 Photo 3-26 Storage Building 3.69 Photo 3-27 Injection Points 3.70 Photo 3-28 Typical Well Installation at WTF Site 3,71 LIST OF APPENDICES APPENDIX A A.1 Interlocal agreement A.1 APPENDIX B B.1 FGUA FDEP WASTEWATER PERMIT B.1 FGUA WTF PERMIT B.1 FGUA SFWMD Water Use Permit B.1 APPENDIX C C.1 FGUA FY 2017-2021 C.1 Stantec iv 9B TECHNICAL FEASIBILITY STUDY FOR ACQUISITION OF FGUA WATER AND WASTEWATER ASSETS IN GOLDEN GATE Executive Summary INTRODUCTION On March 1, 1999, an Interlocal Agreement Relating to the Acquisition of the Golden Gate Utility System was executed between FGUA and the Collier County Water-Sewer District (CCWSD). Ownership transfer is viewed as a cooperative and beneficial venture for both entities, as well as residents served by the utility. This opportunity will provide the following benefits: (1) Provide safe and reliable drinking water and wastewater service delivery; (2) provide water and wastewater to residents with rate stability; (3) make a long-term investment improving viability in the utility system,and (4) provide a long-term strategy to address environmental impacts. Stantec was engaged by Collier County Public Utilities staff to evaluate the technical feasibility of Collier County's acquisition of FGUA assets within the Golden Gate service area and identify/evaluate opportunities to make the improvements described above. Stantec conducted three (3) site visits at the Golden Gate Wastewater and Water Treatment Facilities to gather information and meetings with the facilities operations staff. Additionally, available reports, drawings, permits, and operational data were compiled and reviewed for preparation of this feasibility study. WASTEWATER ASSET EVALUATION SUMMARY AND GENERAL RECOMMENDATIONS FGUA currently provides wastewater treatment to approximately 2,300 customers which results in approximately 1.1 MGD of wastewater treated annually. This is approximately 73% of the permitted annual average treatment capacity. FGUA currently does not have any plans to expand the existing customer base. Limited investigations were performed on the wastewater collection and conveyance system. It is expected that pump station rehabilitations will be required for long term use. The County may wish to refurbish pump stations over time,which will allow the stations to meet the Collier County standards for pump stations and SCADA systems. Based on the age of the system and difficulties associated with repairing the linear infrastructure due to the complications of rock excavation, it is recommended that an asset management program for sewers, manholes, force mains, and air release valves be developed that identifies infrastructure to be rehabilitated and or replaced based on age, criticality, and known deficiencies. In general, the WWTF and collection system are in good condition and limited improvements are needed to maintain wastewater service to existing customers. It is recommended that an evaluation of the collection and conveyance system be performed to prioritize the use of the funds for collection system improvements. Based on the limited observations, it is likely that the budgeted $200,000 - $300,000 annually on collection system improvements is adequate for long term operation. WATER ASSET EVALUATION SUMMARY AND RECOMMENDATIONS Stantec v 98 TECHNICAL FEASIBILITY STUDY FOR ACQUISITION OF FGUA WATER AND WASTEWATER ASSETS IN GOLDEN GATE FGUA currently provides potable water service to approximately 3,640 customers. In 2015 and 2016, FGUA provided 412.3 MG of potable water to its customers which is equivalent to 1.1 MGD of potable water delivered. The withdrawal of raw water for the corresponding year and was 630 MG,which is approximately 70%of the permitted allocation rate of 908 MG. The overall potable water system efficiency is approximately 65%. Typically, potable water treatment recovery rates for brackish water with an RO plant is 75%-80% and the treatment recovery for a freshwater plant is approximately 90%. Based on the review of well pumpage data and water production data,the WTF has an inefficient recovery rate which is then compounded by water main breaks and unaccounted losses within the system. The existing lime softening facility is in poor condition and further evaluation of the structural integrity of the existing tankage is required. As mentioned, Stantec staff did not investigate the tanks due to safety concerns. Additionally, staff has indicated that the treatment performance of the lime softening plant is limited as well. The lime softening plant has a capacity to treat 500 GPM, however staff indicated that treatment beyond 300 GPM is not feasible. A preliminary investigation of the potable water distribution system was performed. In general discussions with staff have indicated that significant resources are required to manage and repair water line breaks. The service area has significant highly permeable rock which makes identifying water main break locations difficult. Due to the frequency of breaks, the quality of the pipe bedding and fill material are in question. A review of the unaccounted water loss data indicates that water lost due to water main breaks was 182,046 gallons and 327,673 gallons for 2015 and 2016 respectively. Additionally, the unaccounted losses for the water system were 17% and 15% for 2015 and 2016 respectively. Unaccounted losses over 10%are considered excessive and SFWMD requires a corrective action plan when unaccounted losses are over 10%. Fire flow testing is performed by the fire department prior to new development connecting to the existing water distribution system. According to staff, fire flow requirements are currently being met. However, there does not appear to be an adequate number of hydrants. In accordance with Collier County standards the maximum distance is 500-ft between hydrants in 1 and 2 family areas with building less than 5,000-sf and 300-ft max distance between hydrants in all other areas. In general,the water treatment and distribution system are considered to be in poor condition and does not appear to be capable of providing potable water to an expanded service area due to potential limitations with the water supply, water treatment capacity, and water distribution system. IMPLEMENTATION PLAN An implementation plan was developed to primarily address improvements to provide reliable potable water and improved fire protection to existing customers, considering that the potable water system Is in poor condition and improvements are needed to maintain potable water service to existing customers. While the existing wastewater system is in good condition, the facility is currently operating at approximately 73%capacity on an annual average basis. Should the County choose to expand Stantec vi 9B TECHNICAL FEASIBILITY STUDY FOR ACQUISITION OF FGUA WATER AND WASTEWATER ASSETS IN GOLDEN GATE wastewater service, a limited number of customers could be served by the existing facility. It is estimated that approximately 1,000 residential units could be served with the remaining capacity. Due to the permitted capacity limitations, for any expansion of the service area, a capacity analysis report would be required to evaluate the ability to expand the existing plant and/or to connect to the County wastewater infrastructure. To provide wastewater service to the Golden Gate service area in its entirety,the County will need to consider expanding the existing treatment facility, upgrading major force mains, and/or interconnecting to Collier County wastewater facilities. PHASE 1 As part of the Phase 1 implementation plan, a series of improvement projects and technical evaluations are recommended. The Phase 1 improvements projects and technical evaluations are listed on Table ES-3. " � i e ato a, ' P • ..` '�� ,� � „) V. n. P'o e a Cos 7 Preliminary Preliminary Engineering Budget Construction Project Estimate Cost Estimate A. Connect to Collier County potable water supply $467,000 $4,674,000 B. Minor Upgrades to WWTF - $180,000 C. Evaluate generator capacity $10,000 D. Evaluate potable water production well performance $45,000 E. Perform detailed WTF evaluation $75,000 - F. Perform wastewater collection system rehabilitation $100,000 - G. Perform water distribution system rehabilitation study $100,000 Subtotal $797,000 $4,854,000 Total $5,651,000 PHASE 2 Currently most residences within the primary service area are on private, shallow aquifer wells for drinking water. Due to the proximity and age of many of the septic systems currently in use in Golden Gate City,the potential for contamination of shallow drinking water wells may occur. The Phase 2 improvements are being driven by a desire to drastically reduce the potential for drinking water contamination by providing clean, safe, potable drinking water to greater than 90%of all residences in the primary service area within the next 10 years. Additionally, Collier County would have an established goal of providing 100% Fire Hydrant coverage within this same area to provide protection if fires similar to the 30th Avenue fire that occurred earlier this year were to threaten Golden Gate City in the future. " Stantec vii 98 TECHNICAL FEASIBILITY STUDY FOR ACQUISITION OF FGUA WATER AND WASTEWATER ASSETS IN GOLDEN GATE Figure ES-1 illustrates the proposed Phase 2 potable water system expansion, which includes expanding the potable water system to the greater Golden Gate City. .r+wnr S i t ' . l.' t a -ti, a ,, - !art.,t 4`� �.a. s � 4.Quadranf 4 ' r-.--,0.,,,,.:'•.;;;K:',-;‘4,7--. 3 ' . ''' 1- eco.. ce . p.,w+t �`.- �. 3� t• ,,a. -fir,9z A r # • a Jr.. �.ti ,.,. 4^ I ra • a ,. ; 4 , . r; irrc * 4t,/-:„; .1.! r x ,f r'a� ~ • k sl s,��t � a . - � :„:11,r..,47-4,174.:441,3;,,,,,„:„.„. rte_ � �,� � �tf �. , 1;,,-31%'''',.;i � ` K r )• ,�y � t 1A .7'. ... ��*�Y'�� 9 i ' *�`'�d�'� �S k �9 $ J 4 1 9 M L I '.`moi � s:„., � - ,E Quadrant 1 a J ',ic -ISy �* tt t N• r a a.�a441'4. •,t� r r t ; r ix ,*---.*I._ •'7- . �144 ii / §*� sr k fi ,e a '4e. r / Kv.t t r?f # .b lair Y i°•a+C ••w. r Si ,. r �i ., . • c, rt M1 aFuture t « z ,r,• r. ^w y1-L.... a .'� , + r 1 i,N r : m 1 s. ConneClion < .w 9 fr .1.7.44,....74:4_:, -® ,�y.'m°.A fi>;SA � i t a i . 4 "$a �, ,�S Ayf '`§�t 2 , sg�*� F 41 t;l5 � •�•• r r9 :,Cd !-�, U,. .#IZ ,ro `A% r,3 # ` x r 'lR . r Y�P: .� ,.. 1 �+'+w t .S g IYt 2 "x7-1,744,"`,1%," +v v. :,, t? !�Y';.s' $" P t' ewi..oraww.r.xd. ,--:.•,,,,,,,,..1 n-7-..+f,«�_.n a3- <,# y,#' � ,'r,s, yJ x,#.B,a `. i ,,$ rw ri. a. l 7 'rr.-f.f 44 art"'ck � a` 4x t s r, °+�+' .' j L 6' r. '`^ 4�k.,?^..,r ...'/j , '''Villa 1{{ ,3.4, �r trifi �•", Quadrant2 . 041.4=1 ...lig)..,1•••*-.--••,,)btiI,V4•=",f i: :Av.; °„,., ; f"4/mon , re e a '-sc 4 7 �,if + -*s r L•,.f r� A.� t r n n • .i;r.: 1 r : � r,:.. s +A'ka r.xr'#4. .',-G'.-.,l ..Sk`� x, _ �. % N k ' _ +, b It u�� + ...S.."1- .. °:• St ag �".' Figure ES-1 Proposed Potable Water Distribution Map The budgetary cost estimates for Phase 2 improvements is$21,212,250.00. PHASE 3 Septic tank systems have the potential for contamination of both groundwater and surface water that can occur from septic systems that are in disrepair or failing. The existing septic tank areas were evaluated to determine logical areas to expand the wastewater collection system. The following criteria was utilized to identify initial service expansion areas: • Areas should be located adjacent or near the existing WWTF, should the County choose to continue to operate and/or expand the WWTF. • Areas should be located near or adjacent to Santa Barbara Boulevard should the County choose to connect to the County's infrastructure. • Areas near or adjacent to canal systems should be considered, as the septic tanks may pose a greater threat of contamination to groundwater or surface water in these areas. Figure ES-2 illustrates the proposed three (3J septic tank replacement program areas to be considered by the County. There are 958 residential parcels that could be served by the existing } Stantec viii 9B TECHNICAL FEASIBILITY STUDY FOR ACQUISITION OF FGUA WATER AND WASTEWATER ASSETS IN GOLDEN GATE WWTF and/or through an interconnection tot the County's existing wastewater infrastructure. Each septic tank replacement area will require the installation of gravity sewers, pump stations, and force mains to convey flows to the WWTF and/or the County's system. _ �; 'V „rt'` *+v ....1; 3 ! . t• 4 - Ei `• k u t•fi r � ,..11 tit II. a uFe ._ I �. TO. t a fifd''� t -}�r�t�� <.++y .. a,..•-•••••-Al�g ' ..... 'apt MPS- w ¢,*-,, iT '�� '1r'. 't :��,v j.,...p...--,!.t!-,,,b..,..,- ;;;I, ;:max �,. a, --um 00 • 4 if ,,, ,� j" r. is =$}�a s r♦.^ .,�,sa f Eat ; t #'T ,-)...-.'•• /-..:•<,,.. _.,„„,,,;,. ,,,, ••,,4 4..":",„,.. ...1.•••••• r ;' - r a ' may 1 }' �";#'�` ` t r { y ' ,tip �' 4. aii.t 0 o• tc<11.i .°, 1,;:----,— 1 ':•� #4"fl rpt ? s°u' 1#- e f tat--;i f+. -f3,; ar ,; ,,...rf a-:. ,y$ m. �! 'a 7rt`Rr�a ' 'z *1-4't s ',1 .. E �" j a ,n , : 11 1 x Lits tt1174 • F#11'1';'`'. ,x '� L t�. ' ta.gai P# - taz " ' *.arae j "€.vi !"' 41% i.-.,v o_ � V ,4_a =S „k !♦ ,', i `*It '� p, 5'� Ste :44... �No � t `t.i c; , ... , ,,,!•:','-‘9°',4•.' \•\••*.- -1'7. ' tie0'444,114'11' �1'� " 4w.---,t i `""'1!7 • ''` II. �r''�f . 3°r ,....,--„,...3,11,,rA h`.,.. t 'c a yi.r U . —�, 4,. 1..., w-- {�1 ,€ i i.P' ani s _ fY yJ 7777 i i a m Ta 7, c}+ ' + : t , 6 " t+#. ga. r wd.ww,:� u• .., .. ♦ F • r! 1 t # givr�.. 1 't .4 ♦ °".'° �'1•' 1, X =MPS' 1 1 -I rE6 i �x _ s!�, {°k e r, '. 74 3i3Ao ,1 t t...*�st'.11`,I`� i ir`, *t"} ;�� . a m _ 3 y� . �..., . av^, ._ .'' �. ..tzittv.w.::P: _';,�4� :u * {&"fir_ D •%..` 3�' ``.vx. i....y.:., Figure ES-2 Wastewater Collection Expansion Map The budgetary cost estimates for each of the septic tank areas was estimated to be$26,348,000. SUMMARY AND CONCLUSIONS In general, the WWTF and collection system are in good condition and limited improvements are needed to maintain wastewater service to existing customers. Based on the review of raw water well pumpage data and water production data, the WTF has an inefficient recovery rate which is then compounded by water main breaks and unaccounted losses within the system. Additionally, the existing lime softening facility is in poor condition and further evaluation of the structural integrity of the existing tankage is required. A three-phased implementation plan was developed as follows: Phase 1 -Improvements recommended to address current and near term deficiencies; Phase 2 - Future improvements to increase reliable potable water service and fire protection to houses currently on wells to be implemented within 10 year Stantec ix 9B TECHNICAL FEASIBILITY STUDY FOR ACQUISITION OF FGUA WATER AND WASTEWATER ASSETS IN GOLDEN GATE Phase 3-long term improvements to provide increased wastewater service to houses currently on wells and septic tanks that can be implemented between 10 years and 20 years from now. A summary of the preliminary cost estimates for each phase is provided below in Table ES-4: Population Budgetary Cost of Population Served Improvements and Phase Served -Water Wastewater Evaluations 1 12,404 12,404 5,651,000 2 21,285 12,404 $21,212,250 3 21,285 15,000 .26,348,000 Total $53,211,250 Stantec x 9B . , . . . . _ , . . , . . , _. _ « K "Report., , _. ._ ,„i M F.) REH ,, -� ;;4`r"---,..14,,As. - -- ' AnnuaLFinancial, ..,. , ,� r' F '.-"M.s . ,r .,.,..., „„.„,_,,,, .- _, _ ,.. , , ,..,\--iv _.,.. .- . ' -..... - -...'.,-;: - _ ''--- ...7.-'''. ° ... ,.� `' �� y�" u .y.''...„,„, , .:, v' ;yt ---. � �' y � �!� 'rMb `w sAr. 'R` ' -' ` � t ass Ea s- ;�� -, ,-f - -., ��, _ Wirer 4. �! > h '- '°''.'. :dor* „ c s' ,�* . ; .vr �" 4.ip x y s�"` : m*=�a."u—a.&+.'xa""'r w a };tea,.``4r `, 4 -,, . f 'V+ ..',.. For the Fiscal Year Ended `. ; * -' ' '� September 30 /07 .4% @' bc.r _ " l.. x f� ,b^" (gyp' t 1. A . u Ag.„•'8 > a FLORIDA GOVERNMENTAL UTILITY AUTHORITY 9B FLORIDA GOVERNMENTAL UTILITY AUTHORITY COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE FISCAL YEAR ENDED SEPTEMBER 30,2016 Prepared by: Finance Department David DiLena,CPA, Chief Financial Officer 9B FLORIDA GOVERNMENTAL UTILITY AUTHORITY COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE FISCAL YEAR ENDED SEPTEMBER 30,2016 TABLE OF CONTENTS Page Number(s) INTRODUCTORY SECTION Letter of Transmittal 1 —25 Certificate of Achievement for Excellence in Financial Reporting 26 Organization Chart 27 List of Principal Officials 28 FINANCIAL SECTION Independent Auditors' Report 29—30 Management's Discussion and Analysis 31 —43 Basic Financial Statements Statement of Net Position 44—45 Statement of Revenues,Expenditures, and Changes in Net Position 46—47 Statement of Cash Flows 48—49 Notes to Financial Statements 50—68 STATISTICAL SECTION Net Position by Component 70 Changes in Net Position 71 Summary of Ten Largest Single Water Users 72 Ratios of Outstanding Debt by Fund Type 73 Pledged Revenue Coverage 74—75 Demographic and Economic Statistics 76—77 Principal Employers 78 Operating Indicators by Function 79 Capital Asset Statistics by Function 80—82 OTHER REPORTS Independent Auditors' Report on Internal Control Over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards 83 — 84 - i - 98 _141,.,,,,,-„,., TA B1 _-...eme,„:„,,,,,,,,,, ,iiare,,,.,z.,.....,.,_ ._ , .....,.,,,„‘..,,,-;..,,,,,,,:g„.*,,,,, Introductory Section F ir ---,,-,:.-,-,;•,-,,„:,,,•-.,,...,„,:,:,,,,,,,,-...,., 8-. ,,,, t ,• aS , Q„- s ,kY 4A ” -t• w 5 isc z _ r � i ,, ,r -. _ M p. i il. :. .,. r4 s , "ora "r ' " '.reg + ,,�' '''. ' ww, 1 r .>; +:' ' ' `4v ' *' . j q+„ �t ',4k 41, ra 'w .. . .. .'d,- a✓ i! �*.. aa� -0'' I "fir � r`"v, w . �i ": ` sa. r.W' a w 9B FGUA Operations Office Government Services Group, Inc. 280 Wekiva Springs Rd.,Ste 2070 ® Longwood, FL 32779-6026 (877)552-3482 Toll Free FLORIDA GOVERNMENTAL (407) 629-6900 Tel UTILITY AUTHORITY (407)629-6963 Fax March 10, 2017 Chairman and Members, Board of Directors Florida Governmental Utility Authority 1500 Mahan Drive, Suite 250 Tallahassee,FL 32308 Florida State law requires that all units of local government publish a complete set of financial statements presented in conformity with generally accepted accounting principles (GAAP) and audited in accordance with generally accepted auditing standards by a firm of licensed certified public accountants. Pursuant to that requirement, the Comprehensive Annual Financial Report of the Florida Governmental Utility Authority (FGUA) for the fiscal year ended September 30, 2016 is hereby submitted. Responsibility for both the accuracy of the data and the completeness and fairness of the presentation, including all disclosures, rests with the management of the FGUA. To the best of our knowledge and belief, the enclosed data is accurate in all material respects and is reported in a manner designed to present fairly the financial position and results of operations of the FGUA. All disclosures necessary to enable the reader to gain an understanding of the FGUA's financial activities have been included. The Florida Governmental Utility Authority's financial statements have been audited by James Moore & Co. P.L., a firm of licensed certified public accountants. The goal of the independent audit was to provide reasonable assurance that the financial statements of the Florida Governmental Utility Authority for the fiscal year ended September 30, 2016, are free of material misstatement. The independent audit involved examining on a test basis, evidence supporting the amounts and disclosures in the financial statements; assessing the accounting principles used and significant estimates made by management; and evaluating the overall financial statement presentation. The independent auditor concluded, based on the audit, that there was a reasonable basis for rendering an unqualified ("clean") opinion that the Florida Governmental Utility Authority's financial statements for the Fiscal Year ended September 30, 2016, are fairly presented in conformance with GAAP. The independent auditor's report is presented as the first component of the financial section of this report. GAAP requires that management provide a narrative introduction, overview, and analysis to accompany the basic financial statements in the form of Management's Discussion and Analysis (MD&A). This letter of transmittal is designed to complement the MD&A and should be read in conjunction with it. The Florida Governmental Utility Authority's MD&A can be found immediately following the report of the independent auditors. - 1 - 9B Profile of the Government The FGUA exists as a legal entity and public body pursuant to Chapters 125, 163 and 166, Florida Statutes, and a First Amended and Restated Interlocal Agreement dated as of December 1, 2000, as restated, amended and supplemented from time to time (the "Interlocal Agreement") by and among Citrus County, Nassau County, Polk County and Sarasota County, each a local government located in the State of Florida. Sarasota County and Nassau County have since terminated their membership in the Authority. Osceola County joined as a member in 2003 and has since terminated its membership in the Authority. Lee County joined as a member on October 18, 2005, Pasco County joined as a member on February 27, 2008, Hendry County joined as a member on February 21, 2008, and Marion County joined as a member on November 21, 2013. The Town of Dundee joined as a member on June 12, 2007 and has since terminated membership in the Authority. Desoto County joined as a member on February 19, 2009 and terminated its membership in November 2015. Citrus County, Hendry County, Lee County, Pasco County, Polk County and Marion County are the current counties who are Members in the FGUA. The purpose of the FGUA is to enable its members to make the most efficient use of their common power to acquire, own, improve, operate, and maintain water and wastewater facilities; however, Authority membership is not a prerequisite to the acquisition of property within any particular jurisdiction. The FGUA does not have any employees. All services are provided on a contractual basis predicated on the management and operational needs of the FGUA. Overall management (including executive oversight, administration, financial management, capital planning, and construction contract supervision) is provided by Government Services Group, Inc. Daily operations, maintenance, customer service, and billing services are provided by US Water/Wade Trim, with the exception of services at MacDill AFB Utility System which are provided by US Water Services Corporation. The FGUA began its operational and fiscal activities on the date of acquisition of five water and wastewater systems on April 15, 1999. These systems were acquired from Florida Cities Water Company and Poinciana Utilities, Inc., units of Avatar Properties, Inc. A sixth system located in Lee County was part of the acquisition discussions, but was directly purchased by Lee County on April 15, 1999. The Barefoot Bay Utility System was transferred to Brevard County in February 2000. The Sarasota Utility System was transferred to Sarasota County on August 8, 2002. On December 5, 2003, the FGUA completed the purchase of two additional utility systems from Florida Water Services Corporation, the Citrus County Utility System and the Lehigh Acres Utility System (Lee County). On March 31, 2004, the FGUA sold its Carrollwood Utility System water production wells to the Tampa Bay Water Authority and its water distribution system and wastewater collection system to Hillsborough County, ending its ownership in the Carrollwood Utility System. Continuing with the FGUA's purpose to transition utility activities from the private sector to public ownership and operation, the Citrus Utility System was transitioned to Citrus County on February 15, 2007. Shortly thereafter, on April 30, 2007, the Poinciana Utility System was transitioned to the Tohopekaliga Water Authority. On February 27, 2009, the FGUA purchased the Aloha Utilities Inc. water and wastewater systems (Aloha Gardens and Seven Springs), collectively called the FGUA Pasco Utility Systems. On December 23, 2009, the FGUA acquired the Consolidated Utility Systems. On March 10, 2010, the FGUA acquired the Lindrick Utility System and on July 29, 2010, the FGUA acquired the North Fort Myers Utility System. On June 17, 2010, the Authority accepted and approved a contract with the United States Government for the acquisition of the water and wastewater utility facilities at MacDill Air Force Base (AFB). The effective date of this acquisition was March 1, 2011, after the transition period which ended February 28, 2011. On June 28, 2012, the FGUA acquired the Mad Hatter and Paradise Lakes Utility Systems which are located in Pasco County, and combined them into the FGUA's Consolidated Utility Systems enterprise -2- 96 fund. On March 28, 2013, the FGUA acquired certain water and wastewater utility assets owned by Aqua Utilities Florida, Inc. and Crystal River Utilities, Inc. located in Pasco, Lake, Alachua, Citrus, Hardee, Lee, Marion, Orange, Polk, Seminole, Volusia and Putnam Counties, Florida. These system were separated into three separate enterprise funds; Lake Aqua Utility System, Pasco Aqua Utility System, and Unified Aqua Utility System. As of September 30, 2016, the FGUA consisted of ten separate water and wastewater systems located in fourteen counties in Florida. Each of the systems is accounted for as a separate enterprise fund of the FGUA. One enterprise fund continues to be maintained for the Barefoot Bay System to account for the Revenue Bond Payable used to acquire the system and Revenue Bond Receivable used by Brevard County to pay for their purchase of the system from the FGUA. There is also a Non-System Specific enterprise fund for the other minor contractual services provided by the FGUA. GOLDEN GATE UTILITY SYSTEM SERVICE AREA Golden Gate is located north and east of 1-75 between the Golden Gate main canal and CR 951, approximately four miles east of the City of Naples in western Collier County. Golden Gate occupies just more than four square miles of developed urban residential and light-commercial property. The majority of properties are single-family residential. Commercial development consists of support services to the surrounding residents. The Collier County Water-Sewer District surrounds the Golden Gate system on all sides. Approximately half of Golden Gate is served with public water service, while less than half of Golden Gate is served by central sewer. Those residents who are currently not connected use private wells and septic tanks. The oldest water and sewer lines were installed in 1964. Half of the southeast quarter of Golden Gate is comprised of a golf course, to which water and sewer service is provided and on which a water treatment plant is located. The remaining area in the southeast quarter is served with water and sewer. The FGUA continues to expand the water service area since additional water treatment capacity is available. SYSTEM OPERATIONS Water Treatment The original water plant, constructed in 1965 and 1966, was a metal lime-softening treatment plant. This facility was expanded in 1989 to a lime-softening plant capacity of 1.224 MGD. In July 2000, a 0.25-MGD reverse osmosis (RO) system was put on line at the existing water treatment plant site. In 2004, a 0.250 MGD - RO system was put on line for a total treatment capacity of 1.70 MGD. In 2006 a phase 3 - RO system of 0.300 MGD was put on line. In 2009 TUB was converted from a 0.504 MGD lime softening unit into a raw water blend. The total production capacity of the Golden Gate system is now 2.099 MGD (0.720 MGD lime softening, 0.504 MGD raw blend and 0.875 MGD RO). All WTP expansion is contingent upon system growth. -3 - 9B As shown in Table 1, plant flows averaged 1.516 MGD in fiscal year 2016 - 72% of the plant capacity Tablel-Golden Gate Water Treatment Plant Flows WTP Permitted Capacity Average Daily Flow %Ca Capacity (MGD) (MGD) p y Golden Gate—WUP Limit(Water Table 2.060 1.772(raw) 86% Aquifer) 2.099 1.516 72% Golden Gate—Treatment Capacity Wastewater Treatment The wastewater treatment plant, which is located next to the Golden Gate canal, is a 1.50 MGD annual average daily flow conventional activated sludge domestic WWTP with effluent disposal to on-site percolation ponds and a deep injection well. The original plant was constructed in 1966 with a capacity of 0.3 MGD and was upgraded to 0.4 MGD in the 1980s and then again in 1995 to 0.95 MGD and in 2009 to its current capacity of 1.50 MGD AADF & 1.80 MGD TMADF. The annual average daily flow was 1.104 MGD in fiscal year 2016-74% of the plant capacity. The permit to operate the DIW was issued in fiscal year 2012. The DIW and associated dedicated RO brine concentrate line are currently in service. The RO brine concentrate bypasses the WWTP and is sent directly down the DIW. Table 2-Golden Gate Wastewater Treatment Plant Flows Permitted Capacity Three Month ADF Permitted Capacity Average Daily Flow VVoCapacity VV fP /o(MGD)TMADF (MGD) (MGD)AADF (MGD) Totals 1.80 1.368 1.50 1.104 74% The utility system served a total of 3,684 water customers and 2,297 wastewater customers in fiscal year 2016. LEHIGH ACRES UTILITY SYSTEM SERVICE AREA Lehigh Acres is in the eastern portion of Lee County, Florida, located east of State Road 82 and south of State Road 80. Fort Myers is the largest population center located due west of Lehigh Acres. Lehigh Acres occupies approximately 94.9 square miles of developed residential and light commercial property. The majority of properties are zoned single family residential. Duplex residential and light commercial properties are located along the main roadways. Originally designed as a retirement community, Lehigh Acres has grown in population to over 86,784 full and seasonal residents according to the 2010 US Census. Less than 50 percent of Lehigh Acres is served by public water service, with 38 percent served by central wastewater service. The Florida -4 - 96 Governmental Utility Authority has utility service primarily along three major roadway corridors, Lee Boulevard running east and west, Homestead Road running southwest and Joel Boulevard running north and south. Both old and new planned neighborhoods are scattered along these roadways and typically have water and wastewater service. SYSTEM OPERATIONS Water Treatment The FGUA operates one (1) 3.10 MGD lime softening water treatment plant (WTP No. 1) that includes thirteen (13) raw water wells that supply all water to the Lehigh Acres Utility System. This supply can be supplemented if needed by an interconnect with the City of Fort Myers. There are two (2) onsite storage tanks, one (1) 1.0 million gallon and one (1) 0.5 million gallon ground storage tanks and two (2) offsite storage tanks including one (1) elevated tank with a capacity of 0.25 million gallons and one (1) ground storage tank with a capacity of 0.5 million gallons. Due to high levels of total dissolved solids from the wells associated with WTP No. 2 FGUA completed the conversion of WTP No. 2 to a Booster Station in FY 2013. WTP No. 2 includes a 2.0 MG onsite storage tank. WTP No. 2 now receives all water from WTP No. 1, Chlorine and Ammonia residuals are adjusted at WTP No. 2 to ensure adequate treatment is provided for the water that is sent to the Southern portion of the Lehigh Acres service area. Eventually when growth resumes in Lehigh Acres, WTP No. 2 will be modified to include Reverse Osmosis Treatment. Plans call for WTP No. 2 to eventually be expanded to 10.0 MGD and will provide for all future growth in Lehigh Acres. For the time being until growth resumes WTP No. 2 will be operated as a booster station. Table 3-Lehigh Acres Water Treatment Plant Flows Permitted Capacity Average Daily Flow %Capacity (MGD) (MGD) WUP Limit 3.150 2.249 71% Treatment Capacity 3.100 2.249 73% Conversion of WTP No. 2 to a booster station was completed in fiscal year 2013 and the permitted treatment capacity was reduced from 4.10 to 3.10 MGD. This treatment capacity can be supplemented if needed via the City of Fort Myers interconnect. Wastewater Treatment The FGUA operates one wastewater treatment plant (WWTP) with a permitted capacity of 3.0 MGD AADF & 4.30 MGD TMADF. The WWTP also includes a deep injection well (DIW) with a permitted disposal capacity of 18.6 MGD which will allow for all future expansions of the WWTP. The plant is comprised of two (2) separate plants which include contact stabilization and activated sludge process plants. The Zenon membrane plant was demolished during FY 2015 as part of the Headworks Capital Improvement Project. The WWTP produces public access quality reclaimed water that is used for irrigation on three area golf courses. During periods of wet weather the effluent is diverted to extensive onsite ponds for storage, percolation and evaporation. The DIW is also used for effluent disposal during wet weather. - 5 - 9B Table 4—Lehigh Acres Wastewater Treatment Plant Flows Permitted Three Month ADF Permitted Capacity Average Daily Flow % Capacity(MGD) (MGD) (MGD)AADF (MGD) Capacity MDF TMADF WWTP 4.30 2.392 3.00 2.16 72% The customer service center provided utility billing and other services to 12,643 water customers and 10,421 wastewater customers in 2016. PASCO UTILITY SYSTEM - ALOHA GARDENS & SEVEN SPRINGS SERVICE AREA The physical facilities of the Pasco Utility System are located in two distinct service areas, the Aloha Gardens service area and the Seven Springs service area. The Pasco Utility systems are located in Pasco County, immediately north of Pinellas and Hillsborough Counties, with the Aloha Gardens service area west of U.S. Highway 19 and the Seven Springs service area to the east of U.S. Highway 19. The Aloha Gardens water system consists of three water treatment plants, plants 1, 3 and 8; although at present only WTP No. 8 is in service. The Aloha Gardens system receives additional water purchased from Pasco County through three interconnects with the County Utility system. Wastewater from the Aloha Gardens service area is sent to Pasco County for treatment through a bulk service agreement. Since the Aloha Gardens service area is built out, the agreement is sufficient for future wastewater treatment needs of this area. The Seven Springs water system consists of one centralized WTP with a permitted treatment capacity of 2.90 MGD and includes 7 permitted wells. The Seven Springs water system is also interconnected with Pasco County and is required to purchase all water needed above the 2.289 MGD AADF WUP limitation. The Seven Springs wastewater treatment plant is permitted at 2.50 MGD and is currently operating within its permitted capacity. Aloha Gardens Water Treatment The Aloha Gardens water system consists of one active WTP (#8). The Aloha Gardens system receives additional water purchased from Pasco County through three interconnects with the County Utility system. As shown in Table 5, Aloha Gardens flows averaged 0.424 MGD in FY 2016. The majority of water used in the Aloha Gardens service area was purchased from Pasco County due to water quality issues with the existing wells. • - 6- 9B Table 5-Aloha Gardens Water Treatment Plant Flows WTP No.8 Permitted Capacity Average Daily Flow %Capacity (MGD) (MGD) Aloha Gardens WUP 0.136 0.070 51% Purchased Water(Pasco Interconnect) N/A 0.354 N/A 0.424 Aloha Gardens Wastewater Treatment All wastewater from the Aloha Gardens service area is sent to Pasco County for treatment through a bulk service agreement. Seven Springs Water Treatment The Seven Springs water system previously consisted of seven small water treatment plants. In FY 2011 the Centralized Mitchell Rd. WTP, Pasco County Interconnect, and Raw Water Transmission Main projects were completed. The system is now served by the centralized Mitchell Rd. WTP with additional water beyond the 2.289 MGD AADF WUP limitation being purchased from Pasco County. During fiscal year 2014 the Seven Springs WUP withdrawal limit was increased from 2.04 to 2.289 MGD AADF. As shown in Table 6, the Seven Springs utility system averaged 2.609 MGD in 2016. FGUA maximized use of its withdrawal capacity and utilized the interconnects with Pasco County for all additional flows beyond its WUP limit. Table 6-Seven Springs Water Treatment Plant Flows WTP Permitted Capacity Average Daily Flow %Capacity (MGD) (MGD) Permitted Raw Water Withdrawal 2.289 2.388 104% Purchased Water(Pasco Interconnect) N/A 0.221 N/A 2.609 Seven Springs Wastewater Treatment The wastewater treatment plant is a 2.5 million gallon per day (MGD), annual average daily flow (AADF), Type I modified conventional activated sludge domestic wastewater treatment facility consisting of: one mechanical screening and grit removal both with manual bypass, one splitter box, and one equalization tank of 500,000 gallons total volume. After the equalization tank, flow is split into three trains. The existing Train 3 consists of two aeration tanks of 227,000 gallons total volume, one clarifier of 105,500 gallons total volume and 1,531 square feet total square area. Trains 1 and 2 from the newly constructed plant consists of one aeration basin of 650,000 gallons each for a total of 1.3 million gallons (MG) total volume, three clarifiers of 191,000 gallons each and surface area of 1963 square feet each for a total of 573,000 gallons and 5,889 square feet total surface area. - 7 - 9B Combined flow from Trains 1, 2, and 3 is routed into an intermediate pumping station and from there to the one seven-cell declining rate filter of 3.4 MG and one automatic backwash filter of 4.1 MG. Both filters have a total capacity of 7.5 MG. From the filters, effluent flows via gravity to the two-bay, baffled chlorine contact chamber of 47,752 gallons total with each bay for a total volume of 95,505 gallons. After disinfection, effluent flows by gravity either to the reuse pumping station or to the reject holding tank or to the North Part IV pond, depending on its quality. Part III effluent flows to the reuse pumping station for distribution throughout the Seven Springs Service Area. Non-Part III effluent flows to the lined reject pond of 1.6 MG and/or to the reject holding tanks of 0.7 MG total volume for a total reject volume of 2.3 MG. Waste Activated Sludge (WAS) flows to seven biosolids holding tanks for a total volume of 1.195 MG. Chlorination is provided by a liquid chlorine feed system with an existing gaseous chlorine system to serve as back-up. Two power generation units are provided which together are, of sufficient capacity to supply emergency power to all essential plant units as required for Class I Reliability. The annual average daily flow was 1.573 MGD in fiscal year 2016. Current flows are within the plant's permitted capacity of 2.50 MGD. Table 7—Seven Springs Wastewater Treatment Plant Flows VVVVTP Permitted Capacity Average Daily Flow %Capacity (MGD) (MGD) Totals 2.5 1.573 63% The Pasco Utility System served a total of 18,069 water customers and 15,328 wastewater customers in fiscal year 2016. CONSOLIDATED UTILITY SYSTEM SERVICE AREA The Consolidated Utility System was originally comprised of 6 small service areas: Anclote, Angus Valley, Colonial Manor, Dixie Groves, Virginia City and Westwood. The Mad Hatter and Paradise Lakes Utility systems were acquired on May 17, 2012 and were combined with the Consolidated Utility Systems. The Consolidated Utility System is now comprised of 13 small service areas and includes the areas previously mentioned above as well as: Carpenter's Run, Cypress Cove, Foxwood Lakes, Linda Lakes, Paradise Lakes, Turtle Lakes and Twin Palms. Anclote The Anclote water system is located in Pasco County, approximately 3 miles north of Tarpon Springs, approximately V2 mile south of the Pinellas/Pasco line, west of US Highway 19. The service area encompasses approximately 964 acres, extending both in Pasco and Pinellas Counties. The system consists of single and multi-family homes, mobile home parks, light commercial shops and public schools. Treatment - All water is purchased from the city of Tarpon Springs. - 8 - 96 Angus Valley The Angus Valley water system is located approximately 23 miles east of New Port Richey on SR 54, 1/2 mile west of I-75 in the Angus Valley subdivision approximately 1.3 miles west of Wesley Chapel on Dayflower Boulevard west of Old Pasco Rd and 'h mile north of SR 54. Treatment - Water is withdrawn from two (2) production wells in the Floridian Aquifer. There are two (2) hydropneumatic tanks both with capacities of 5,000 gallons. Chlorine is injected for disinfection. Colonial Manor The Colonial Manor water system is located in Pasco County, approximately 1 mile southwest of the city of Elfers, 1/2 mile east of US Highway 19, in the subdivision off of Mogg Rd. The service area encompasses approximately 162.4 acres consisting of residential, light commercial and office spaces. Treatment - All water is purchased from Pasco County. Dixie Groves The Dixie Groves water system is located in Holiday which is in the western portion of Pasco County, 3 miles south of New Port Richey, and one mile east of the intersection of US Highway 19 and County Rd. 595. The service area encompasses approximately 42 acres consisting of residential, light commercial and office spaces. Treatment - Water is withdrawn from two (2) production wells in the Floridian Aquifer. There are two (2) hydropneumatic tanks with capacities of 1,500 and 3,000 gallons. Chlorine is injected for disinfection. Virginia City The Virginia City water system is located in New Port Richey, on Thys Road, in Pasco County, approximately 2.5 miles east of US Highway 19 on the north side of SR 54. Treatment— Water is withdrawn from one (1) production well in the Floridian Aquifer. There is one (1) hydropneumatic tank with a capacity of 5,000 gallons. Chlorine and Ammonia are injected for disinfection via chloramination. Westwood The Westwood water system is located in southwestern Pasco County, north of Tarpon Springs, 1/2 mile west of US Highway 19. The Westwood service area encompasses approximately 182 acres. The system consists of mostly single family residential units. Treatment - Water is withdrawn from one (1) production well in the Floridian Aquifer. There is one (1) hydropneumatic tank with a capacity of 10,000 gallons. Chlorine is injected for disinfection. There is also an emergency interconnect with Pasco County Utilities. Prior to utilization of the interconnect all Westwood customers are notified and the well is inactivated due to Pasco County Utilities utilizing chloramination for disinfection. -9- ISI 9B Mad Hatter Utility Systems The Mad Hatter utility systems are located along State Road 54 (SR 54) near the intersection of US 41 in the south-central portion of Pasco County, Florida. The Mad Hatter systems are summarized below. Carpenters Run Treatment - The Carpenter's Run WTP consists of two water supply wells, two (2) 10,000 gallon hydropneumatic tanks, a diesel drive back up for one (1) of the wells, and a gas chlorination system for disinfection. All Mad Hatter water systems with the exception of Paradise Lakes and Linda Lakes are permitted as a basin under Water Use Permit No. 590.011 for 1.0 MGD annual average daily flow. All wastewater is sent to Pasco County via an interconnect for treatment. Cypress Cove Treatment - The Cypress Cove WTP consists of two (2) water supply wells, a gas chlorination system for disinfection, a polyphosphate chemical system, and two (2) 10,000 gallon hydropneumatic tanks. All Mad Hatter water systems with the exception of Paradise Lakes and Linda Lakes are permitted as a basin under Water Use Permit No. 590.011 for 1.0 MGD annual average daily flow. All wastewater is sent to Pasco County via an interconnect for treatment. Foxwood Lakes Treatment - The Foxwood Lakes WTP consists of one water supply well with a diesel engine drive back up, a gas chlorination system for disinfection, one (1) 10,000 gallon hydropneumatic tank. All Mad Hatter water systems with the exception of Paradise Lakes and Linda Lakes are permitted as a basin under Water Use Permit No. 590.011 for 1.0 MGD annual average daily flow. All wastewater is sent to Pasco County via an interconnect for treatment. Linda Lakes Treatment - The Linda Lakes WTP consists of one water supply well, treatment via liquid chlorine, and one (1) 5,000 gallon hydropneumatic tank. Due to the small size of this well a Water Use Permit is not required. This system is not part of Water Use Permit No. 590.011 The Linda Lakes service area also includes a small WWTP permitted to treat 20,000 gallons per day. The WWTP consists of a mechanical bar screen and grit removal system, four aeration basins, clarifier, chlorine contact chamber, digester and rapid infiltration basin. Paradise Lakes Treatment - The Paradise Lakes WTP consists of two wells, a 10,000 gallon hydropneumatic tank, a gas chlorination system for disinfection and an 8kW propane generator. This system is permitted for 77,000 annual average daily under Water Use Permit No. 6223. All wastewater is sent to Pasco County via an interconnect for treatment. - 10- 9B Turtle Lakes Treatment - The Turtle Lakes WTP consists of two water supply wells, gas chlorination system for disinfection, and one (1) 20,000 gallon hydropneumatic tank. All Mad Hatter water systems with the exception of Paradise Lakes and Linda Lakes are permitted as a basin under Water Use Permit No. 590.011 for 1.0 MGD annual average daily flow. All wastewater is sent to Pasco County via an interconnect for treatment. Twin Palms Treatment - Abandonment of the Twin Palms water supply well was completed in FY 2015. This well was abandoned due to sand intrusion. Water is no longer produced at this site. Twin Palms receives it water supply from the Carpenters Run and Turtle Lakes WTPs. All wastewater is sent to Pasco County via an interconnect for treatment. SYSTEM OPERATIONS As shown in Table 8, all Consolidated System plant flows were under capacity leaving room for growth if needed. Table 8—Consolidated System Flows WTP Permitted Capacity Average Daily Flow %Capacity (MGD) (MGD) Anclote(Water purchased from Tarpon Springs) N/A 0.054 N/A Angus Valley(2 wells)—WUP Limit 0.145 0.114 79% Colonial Manor(Water purchased from Pasco) N/A 0.095 N/A Dixie Groves(2 wells)—WUP Limit 0.0536 0.034 63% Virginia City(1 well and interconnect)—WUP Limit 0.083 0.057 69% Westwood(1 well and Interconnect)—WUP Limit 0.029 0.015 52% Carpenters Run* 0.515 Cypress Cove* 0.159 Foxwood Lakes* 1.000 0.000 85% Turtle Lakes* 0.175 Paradise Lakes—WUP Limit 0.077 0.053 69% Linda Lakes N/A 0.012 N/A *These systems are combined and Permitted as a basin under the WUP. VJVVTP Permitted Capacity Three Month Average Average Daily Flow %Capacity TMADF (MGD)TMADF Daily Flow(MGD) (MGD) Totals 0.020 0.037 0.020 185% The Consolidated Utility System served a total of 6,474 water customers and 3,337 wastewater customers in fiscal year 2016. - 11 - 9B LINDRICK UTILITY SYSTEM SERVICE AREA The Lindrick service area is comprised of approximately 3.24 square miles and consists of a population of approximately 4,600 people. The majority of the Lindrick service area is located west of US-19 on Florida's Gulf of Mexico coastline. Lindrick's water supply comes from the Floridan Aquifer. The water system serves its customers with eight permitted supply wells under Southwest Florida Water Management District (SWFWMD) water use permit number 2978.013. The majority of customers served are residential. Flows from the 19 lift stations in the Lindrick wastewater collection system are sent to the City of New Port Richey wastewater treatment plant under a bulk wastewater service agreement. The current agreement is in effect until July 1, 2021, and allows up to 700,000 gallons per day of treatment capacity. Under the terms of the agreement with the City of New Port Richey, the Lindrick system must maintain the chloride levels below 600 mg/1 and use its best efforts to achieve chloride levels of 400 mg/l. Chloride levels in the Lindrick wastewater system fluctuated between 317 milligrams per liter (mg/L) and 1,542 mg/L during FY 2016. In FY 2011 FGUA initiated a project to identify problem areas in the collection system and then to rehabilitate any pipes or facilities that might contribute to brackish ground water or salt water introduction into the collection system. This project was completed in FY 2014 / FY2015 and the chloride levels were 455 mg/L and 432 mg/L in 2014 and 2015, respectively. However, in FY 2016 chloride levels have begun to increase again and chloride levels averaged 736 mg/L which exceeded the agreement limits with the city of New Port Richey. FGUA initiated additional collection system repairs along Leeward Way, of which repairs carried forward into FY 2017. Due to the proximity of the Lindrick system with the Gulf of Mexico this issue will likely continue for the length of the agreement with the city of New Port Richey. Water Treatment The Lindrick system organized in 1960 to serve the Gulf Harbor Development and was acquired by the Lindrick Service Corporation in 1965. In November 2002 Lindrick Service Corporation began purchasing water from Pasco Reserve Corp. to supplement its water supply. Subsequently on November 9, 2009 ownership of the Lindrick Utility System and Pasco Reserve well field / transmission lines was transferred to the FGUA. The Lindrick system consists of six (6) permitted production wells (No. 2, 3, 4, 5, 6, 8). Wells No. 1 and 7 are currently out of service. Well No. 1 includes a 10,000 gallon hydropneumatic tank, Well No. 4 includes a 6,000 gallon hydropneumatic tank, and Well No. 5 includes a 5,000 gallon hydropneumatic tank. Water from all wells is conveyed to a centralized treatment system located at Well No. 1. Ammonium Sulfate and Liquid Chlorine is injected for disinfection. As shown in Table 9, plant flows averaged 0.569 MGD in fiscal year 2016 — 65% of the permitted raw water withdrawals. - 12- 9B Table 9—Lindrick Water Treatment Plant Flows WTP Permitted Capacity Average Daily Flow "/o Capacity (MGD) (MGD) p y Lindrick WTPs—WUP Limit 0.870 0.566 65% Lindrick WTPs—Treatment Capacity 1.944 0.566 29% Wastewater Treatment The Lindrick wastewater collection system serves a population of approximately 4,600 people and consists of approximately 550 manholes, 137,500 feet of gravity sewer and nineteen (19) lift stations. Lift station No. 17 is a triplex station with three pumps and all other stations are dual pump submersible type. The wastewater from the Lindrick area is pumped to the old Lindrick WWTP which has been converted to a "Master Lift Station" (No. 17). From the master lift station it is sent to the City of New Port Richey WWTP for treatment and disposal under a Bulk Wastewater Treatment Agreement which allows up to 700,000 GPD of treatment capacity. The bulk wastewater agreement was reduced from 850,000 GPD to the current 700,000 GPD in fiscal year 2013. The current ADF being sent to the City of New Port Richey is within the Bulk Wastewater Treatment Agreement and should provide enough capacity into the 10 year planning period. Table 10—Lindrick Wastewater Collection System Flows WWTP Bulk Service Agreement Average Daily Flow %Ca acit (MGD) (MGD) p y Totals 0.700 0.466 67% The Lindrick Utility System served a total of 3,089 water customers and 2,586 wastewater customers in FY 2016. NORTH FORT MYERS UTILITY SYSTEM SERVICE AREA The North Fort Myers service area was initially organized by North Fort Myers Utility, Inc. on January 23, 1978, to provide central sewer service to Old Bridge Park, a mobile home community. Since then it has expanded its service area to include a large portion of the unincorporated area north of the Caloosahatchee River in Lee County, FL. On June 17, 2010, North Fort Myers Utility, Inc. sold the North Fort Myers Utility system to the Florida Governmental Utility Authority. The service area also includes two small water systems, Pine Lakes and Lake Fairways both located in Lee County, in North Fort Myers, at 10200 Pine Lakes Boulevard and 19371 North Tamiami Trail, respectively. The water distribution system is comprised of approximately 128,175 LF of 2" through 8" water mains serving approximately 1,841 residential units. Both communities are built out and future development or expansion is not expected. - 13 - 9B SYSTEM OPERATIONS Water Treatment The water distribution system consists of two separate systems: Pine Lakes and Lake Fairways. Both Pine Lakes and Lake Fairways systems are built out with no future development expected. The Pine Lakes water system is supplied by Lee County through a master meter. The master meter is located on U.S. 41. The Lake Fairways water system consists of two production wells in the Mid Hawthorn Aquifer which send the raw water to a centralized water treatment plant located inside the community. Raw water is sent to a tray aeration unit mounted on the roof of the ground storage tank which removes hydrogen sulfide and small amounts of ferrous iron. Liquid chlorine is used for disinfection. Treated water is stored in two (2) storage tanks located at the treatment plant. There is a 200,000 gallon concrete ground storage tank and a 7,500 gallon hydropneumatic tank. The Lake Fairways WTP current WUP limit is 37 MG annually (0.101 MGD). During fiscal year 2016, 30.295 MG (0.083 MGD) was withdrawn from the aquifer which is within the WUP limit. As shown in Table 11, plant flows averaged 0.083 MGD in 2016 — 82% of the plants permitted water use capacity. Table 11—North Fort Myers Water Treatment Plant Flows Permitted Capacity Average Daily Flow WTP (MGD) (MGD) /o Capacity Lake Fairways—WUP limit 0.101 0.083 82% Lake Fairways—Treatment Capacity 0.200 0.083 42% Wastewater Treatment The North Fort Myers system is served by two separate collection and treatment facilities, the Del Prado WWTP and the Lake Fairways WWTP. The Del Prado WWTP is located in Northern Lee County in North Fort Myers, at 4100 Del Prado Boulevard, approximately 1.6 miles east of Tamiami Trail (US 41) and serves approximately 42,000 people. The treatment plant was recently expanded to 4.25 MGD annual average daily flow and 4.80 MGD three month average daily flow. The plant is an extended aeration process domestic wastewater treatment facility and includes an influent mechanical screen, a by-pass bar screen, grit removal system, two EQ tanks, two oxidation ditches, two clarifiers, a chemical feed system, two traveling bridge filters, a chlorine contact chamber, a reject chlorine contact chamber, two digesters, a rotary drum thickener with polymer feed system, a lime silo, two sludge holding tanks and a 1.0 MG reuse storage tank. There is also a 4.87 MGD deep injection well located at the WWTP. The Lake Fairways WWTP is an extended aeration process domestic WWTP with a permitted capacity of 0.300 MGD AADF. The facility consists of an influent screen, one surge tank, two aeration basins, two clarifiers, one digester and a clear well. The facility includes a public access reuse system which is used to irrigate the Pine Lakes golf course. The annual average daily flow for fiscal year 2016 was 3.665 MGD for the Del Prado WWTP. The current plant flow is within the plant's permitted capacity of 4.25 MGD. These flows have increased as a result of the Waterway Estates interconnect coming online. The Lake Fairways WWTP is also operating well within its permitted capacity. - 14 - 4B Table 12-North Fort Myers Wastewater Treatment Plant Flows WWTPPe Capacity Three Month ADF Permitted Capacity Average Daily Flow %Capacity AADF (MGD)TMADF ( ) (MGD)AADF (MGD) Del Prado WWTP 4.80 4.00 4.250 3.665 86% Lake Fairways N/A N/A 0.300 0.150 50% WWTP The utility system served a total of 1,855 water customers and 11,963 wastewater customers in fiscal year 2016. MACDILL AIR FORCE BASE UTILTIY SYSTEM SERVICE AREA The MacDill Air Force Base (AFB) is located eight miles south of downtown Tampa on the Southwestern tip of the interbay Peninsula on the west coast of Florida. The AFB privatized utilities in 2011 and ownership of all water and wastewater system assets transferred to the FGUA. The FGUA now has the primary responsibility in operating and maintaining the system. The MacDill AFB water system serves a population of approximately 12,800. The MacDill AFB purchases treated water from the City of Tampa Water Department through three interconnections. The MacDill AFB water system consists of treatment facilities, water storage tanks, and the transmission/distribution system, along with associated pumps, valves and appurtenances. Flows currently average 0.762 MGD. The MacDill AFB wastewater system consists of collection facilities, lift stations, force mains, treatment facilities, an effluent disposal system and a biosolids disposal system. The wastewater treatment facility is permitted for 1.20 MGD AADF and is a conventional activated sludge system. The facility was originally constructed in 1952 and has been upgraded 6 times since 1952. The available wastewater treatment and disposal capacities for MacDill AFB are considered adequate to meet present and future demands. Flows currently average around 0.549 MGD. SYSTEM OPERATIONS MacDill AFB Water Treatment Treated water is purchased from the City of Tampa Water Department (CTWD), which utilizes the Hillsborough River as its primary water source. CTWD treatment includes coagulation, flocculation, sedimentation, pH stabilization, disinfection, fluoridation, filtration, and final disinfection with chlorine and ammonia. Water is conveyed to the AFB through three interconnects with CTWD. Each of the three interconnects is equipped with a 6 inch water meter and backflow prevention device. The water system is well designed with multiple supply points, effective system looping, and sufficient storage capacity. The system utilizes sodium hypochlorite and ammonia to boost disinfection at the AFB. As shown in Table 13, the MacDill plant flows averaged 0.762 MGD for fiscal year 2016. - 15 - 9B Table 13—MacDill AFB ADF P Permitted Capacity Average Daily Flow %Capacity (MGD) .(MGD) All Water Purchased from CTWD N/A 0.762 N/A Wastewater Treatment The wastewater treatment plant is a 1.20 MGD annual average daily flow (AADF) conventional activated sludge system with mechanical bar screen, grit removal, flow equalization basin, pump station, fine bubble aeration basin, clarifiers, sand filters, chlorine contact basin and effluent pumping. Current plant flow is approximately 0.549 MGD or 46% of the total plant capacity. Treated effluent is sent to the north pond to supply two golf courses for irrigation. The golf courses include about 320 acres of land on the base. The annual average daily flow was 0.549 MGD. The current plant flow is within the plant's permitted capacity of 1.20 MGD. Table 14—MacDill AFB Wastewater Treatment Plant Flows VVVVTP Permitted Capacity Average Daily Flow %Capacity (MGD) (MGD) p y Totals 1.20 0.549 46% LAKE AQUA UTILITY SYSTEM SERVICE AREA FGUA currently owns and operates twenty-five (25) water treatment plants (WTPs) and seven (7) wastewater treatment facilities (WWTFs) in Lake County, Florida consisting of both residential and commercial customers. SYSTEM OPERATIONS Water Treatment The water treatment systems provide potable drinking water to approximately 5,040 customers. Most of the water systems are relatively small, with 16 of the 25 systems serving 200 connections or less. Nine of the water treatment systems serve a customer base that ranges from 200 to 400 connections. The largest system in the group (Silver Lake Estates Water Treatment Plant) has a treatment capacity of 0.629 million gallons per day (MGD). Each water treatment system utilizes one or two water supply wells, most of which are permitted by the Florida Department of Environmental Protection and have a Consumptive Use Permit (CUP) from the St. Johns River Water Management District (SJRWMD). - 16- 9B As shown in Table 15, all Lake System plant flows were under capacity with the exception of Haines Creek. Table 15—Lake Aqua System Flows WTP Permitted Capacity Average Daily Flow 0/0 Capacity (MGD) (MGD) 48 Estates-Plant Design Capacity 0.0570 0.015 26% Carlton Village-WUP Limit 0.1175 0.053 45% East Lake Harris Est.-WUP Limit 0.0329 0.019 58% Fairways at Mt.Plymouth-WUP Limit 0.232 0.084 36% Fern Terrace-WUP Limit 0.0484 0.020 41% Friendly Center N/A 0.001 N/A Grand Terrace-WUP Limit 0.0409 0.016 39% Haines Creek-WUP Limit 0.0061 0.012 197% Hobby Hills-WUP Limit 0.0270 0.011 41% Holiday Haven-Interconnect N/A 0.011 N/A Imperial Terrace 0.0300 0.014 47% King's Cove-WUP Limit 0.1360 0.039 29% Momingview-WUP Limit 0.0134 0.007 52% Palms MHP-WUP Limit 0.0215 0.012 56% Picciola-WUP Limit 0.0517 0.029 56% Piney Woods&Spring Lk Manor-WUP 0.0663 0.030 45% Quail Ridge-WUP Limit 0.0274 0.015 55% Ravenswood-WUP Limit 0.0170 0.007 41% Silver Lake Estates -WUP Limit 0.6290 0.364 58% Skycrest -WUP Limit 0.0277 0.017 61% Stone Mountain-WUP Limit 0.0137 0.001 7% Summit Chase-WUP Limit 0.0581 0.037 64% Valencia Terrace-WUP Limit 0.1166 0.045 39% Venetian Village-WUP Limit 0.0475 0.024 51% Western Shores-Interconnect w/Silver Lakes N/A N/A Estates Wastewater Treatment The seven (7) WWTFs serve a total of 1,243 customers in Lake County. These facilities range in size from 20,000 to 80,000 gallons per day. Process treatment at each facility consists of extended aeration treatment for domestic wastewater using chlorine disinfection for final treatment prior to effluent discharge. Effluent disposal usually consists of rapid infiltration basins or permitted reuse facilities using sprayfields. - 17- 9B As shown in Table 16, all Lake Aqua System WWTP flows were under capacity leaving room for growth if needed. Table 16—Lake Aqua Wastewater Treatment Plant Flows WINTP Permitted Capacity Average Daily Flow %Capacity (MGD)AADF (MGD) p y Fairways at Mt.Plymouth 0.075 0.034 45% Holiday Haven 0.025 0.014 56% King's Cove 0.055 0.026 47% Momingview 0.020 0.005 25% Summit Chase 0.054 0.018 33% Valencia Terrace 0.080 0.029 36% Venetian Village 0.036 0.026 72% The Lake Aqua Utility System served a total of 5,040 water customer accounts and 1,243 wastewater customer accounts as of September 30, 2016. PASCO AQUA UTILITY SYSTEM SERVICE AREA The FGUA Pasco Aqua Utility System is comprised of three potable water systems that serve approximately 3,272 connections, primarily residential. Two of these systems, Jasmine Lakes and Zephyr Shores have their own water treatment plants (WTPs) while the third system, Palm Terrace, purchases water from Pasco County Utilities and requires no additional treatment before distribution to its customers. FGUA uses both treated groundwater and purchased water to serve its customers in the Pasco Aqua Utility System. Jasmine Lakes The Jasmine Lakes Water Treatment Plant (WTP) is located at 7612 Pineapple Lane in Port Richey. Four (4) groundwater supply wells, referenced as the Oak Hill and Hickory Hill wells, provide the source of water for the Jasmine Lakes WTP. Jasmine Lakes WTP has four groundwater wells that pump water into a 500,000 gallon, concrete ground storage tank for raw water storage. The raw water is treated by chlorination after it is pumped from the ground storage tank and receives disinfection contact time in a 20,000 gallon hydropneumatic tank prior to entering the distribution system. The hydropneumatic tank does not contain air, so it is acting solely as a contact tank. The Jasmine Lakes WWTF is a Type II extended aeration domestic wastewater treatment facility located at 1000 Holly Lane in Port Richey. The WWTF has a capacity of 370,000 gallons per day (gpd) permitted on the basis of a three-month rolling average daily flow (3MRAF). It is limited to 308,000 gpd annual average daily flow (AADF) however due to limited effluent disposal. - 18- 98 Palm Terrace Palm Terrace Gardens is located north of the Jasmine Lakes utility system in Port Richey, and is a consecutive system that purchases all of its water from Pasco County Utilities. The Palm Terrace Gardens WWTF is located at 116 Arbordale Drive in New Port Richey, and has a permitted AADF capacity of 130,000 gallons per day (gpd). The facility is permitted in terms of annual average daily flow (AADF) and is a Type II, extended aeration domestic wastewater treatment facility. Zephyr Shores The Zephyr Shores water treatment plant is located at 35235 State Road 54 in Zephyrhills. The WTP is served by two (2) water supply wells that are located on the plant site. Zephyr Shores WTP has two wells that pump water into a hydropneumatic tank. The system was recently converted to chloramines and the emergency interconnect with Pasco County was rehabilitated. The Zephyr Shores wastewater system is a collection system only. Wastewater is sent to Pasco County Utilities for treatment. SYSTEM OPERATIONS As shown in Table 17, all Pasco Aqua System plant flows were under capacity with the exception of Zephyr Shores which was at 118% of its WUP limit. Table 17—Pasco Aqua System Flows WTP Permitted Capacity Average Daily Flow %Capacity (MGD) (MGD) Jasmine Lakes—WUP Limit 0.318 0.212 67% Palm Terrace-Interconnect N/A 0.132 N/A Zephyr Shores—WUP Limit 0.028 0.033 118% Table 18—Pasco Aqua Wastewater Treatment Plant Flows VVVV fP Permitted Capacity Average Daily Flow '/o Capacity (MGD)AADF (MGD) p y Jasmine Lakes 0.308 0.204 66% Palm Terrace 0.130 0.104 80% Zephyr Shores-Interconnect N/A N/A N/A The Pasco Aqua Utility System served a total of 3,272 water customer accounts and 3,106 wastewater customer accounts as of September 30, 2016. - 19 - 9B UNIFIED AQUA UTILITY SYSTEM SERVICE AREA The FGUA owns and operates 43 water treatment systems and 12 wastewater systems located throughout various Florida counties which include Alachua, Citrus, Hardee, Lee, Marion, Orange, Polk, Putnam, Seminole, and Volusia Counties. These facilities are collectively referred to as the Unified Systems. SYSTEM OPERATIONS Water Treatment Permitted capacities for the water treatment systems range from a minimum of 21,096 gpd (Putnam County) to a maximum of 541,589 gpd (Seminole County). Twelve (12) of the water systems do not have consumptive use permits due either to the smaller size of their system or because the facility purchases water from a neighboring utility. Most of the water facilities are relatively small with 31 systems serving 200 connections or less. Seven (7) of the water treatment systems serve between 200 and 400 connections while the largest system in the group (Seminole County - Chuluota) has a permitted capacity of 0.542 million gallons per day (MGD) and serves 1,410 connections. Each water treatment system utilizes one or two water supply wells, most which are permitted by the Florida Department of Environmental Protection and have a Consumptive Use Permit (CUP) from one of the Florida Water Management Districts (WMDs). As shown in Table 19, all Unified System plant flows were under capacity with the exception of the Twin Rivers WTP which is slightly over capacity. Table 19—Unified System Flows WTP Permitted Capacity Average Daily Flow '/o Capacity (MGD) (MGD) p y Arredondo Estates—WUP Limit 0.068 0.032 47% Beecher's Point-Interconnect 0.025 0.009 36% Belleair-Interconnect N/A 0.045 N/A Belleview Hills&JA-Interconnect N/A 0.017 N/A Belleview Hills Est. -WUP Limit 0.092 0.050 54% Breeze Hill—WUP Limit 0.054 0.007 13% Castle Lake 0.167 0.012 7% Chappell Hills 0.065 0.006 9% Chuluota—WUP Limit 0.540 0.426 79% Fairfax Hills 0.100 0.012 12% Gibsonia—WUP Limit 0.075 0.035 47% Harmony Homes—WUP Limit 0.023 0.010 43% Hawk's Point—WUP Limit 0.042 0.019 45% Hermits Cove/St.John's Highlands 0.130 0.030 23% Interlachen/P.M.—WUP Limit 0.056 0.030 54% -20- 9B Jungle Den-Interconnect N/A 0.005 N/A Kenwood North 0.115 0.006 5% Lake Gibson-WUP Limit 0.243 0.127 52% Marion Hills 0.036 0.005 14% Meadows,The 0.160 0.008 5% Ocala Oaks-WUP Limit 0.286 0.132 46% Orange Hill&Surgar Creek-WUP Limit 0.071 0.038 54% Palm Port-WUP Limit 0.021 0.010 48% Peace River 0.129 0.023 18% Pine Valley 0.044 0.007 16% Pomona Park 0.170 0.023 14% Ridge Meadows 0.130 0.007 5% River Grove 0.030 0.018 60% Rosalie Oaks 0.125 0.007 6% Saratoga Harbor 0.158 0.003 2% Welaka 0.086 0.013 15% Silver Lake Oaks 0.032 0.005 16% Tangerine-WUP Limit 0.127 0.073 57% Tomoka View-WUP Limit 0.053 0.037 70% Twin Rivers-WUP Limit 0.022 0.023 105% Village Water-Interconnect N/A 0.081 N/A West Citrus 0.072 0.009 13% West View 0.050 0.006 12% Woodberry Forest-Interconnect N/A 0.015 N/A Wootens 0.036 0.002 6% Wastewater Treatment The twelve wastewater systems range in size from 12,000 to 264,000 gpd. The collections systems which serve these facilities include approximately 166,000 linear feet of gravity mains and force mains in addition to associated pump stations. Two of the wastewater systems (Lake Gibson and Beecher's Point) pump flows to a neighboring utility for treatment and disposal. The remaining ten systems in the group have treatment facilities consisting of extended aeration process treatment for domestic wastewater using chlorine disinfection for final treatment prior to effluent discharge. Depending on the facility, effluent disposal consists of using permitted reuse facilities comprised of rapid infiltration basins, percolation ponds, holding ponds and sprayfields spray irrigation (golf course), or through an existing reclaimed water agreement (City of Oviedo). As shown in Table 20, all Unified System plant flows were under capacity with the exception of the Village Water WWTP which is slightly over capacity. -21 - 9B Table 20-Unified Wastewater Treatment Plant Flows VVVVfP Permitted Capacity Permitted Capacity Three Month Average Average Daily 0/0 Capacity (MGD)MDF (MGD)TMADF Daily Flow(MGD) Flow(MGD) Beecher's Point 0.014 N/A N/A 0.008 57% Breeze Hill N/A 0.040 0.029 0.021 73% Chuluota 0.150 N/A N/A 0.119 79% Fl.Cent.Comm.Pk.** 0.095 N/A N/A 0.027 28% Jungle Den 0.021 N/A N/A 0.015 71% Lake Gibson* N/A N/A N/A N/A N/A Palm Port 0.030 N/A N/A 0.013 43% Park Manor 0.015 N/A N/A 0.008 53% Peace River N/A 0.040 0.037 0.032 93% Rosalie Oaks N/A 0.040 0.033 0.028 83% Silver Lake Oaks 0.012 N/A N/A 0.005 42% South Seas 0.264 N/A N/A 0.145 55% Village Water 0.045 0.075 0.053 0.048 107% *Lake Gibson is an Interconnected System **Florida Central Commerce Park WWTP decommissioned in Sept 2016 and interconnected with the city of Longwood. The Unified Aqua Utility System served a total of 7,699 water customer accounts and 1,992 wastewater customer accounts as of September 30, 2016. Economic Condition The information presented in the financial statement is perhaps best understood when it is considered from the broader perspective of the specific environment within which the FGUA utility systems are located. Both the Lehigh Acres system and the North Fort Myers system are located in Lee County, which had been one of the fastest growing regions in the nation until the downturn in the housing market. According to data from the Florida Legislature Office of Economic and Demographic Research, Lee County's population was anticipated to increase from 618,754 in 2010 to 680,539 in 2016, an increase of 10.0%. The increase in the number of housing units permitted in Lee County increased from 4,095 in 2014 to 6,879 in 2015, an increase of 67.99%. The unemployment rate continued to decline from the peak of 12.6% in 2010 to 5.0% in 2015. Recent foreclosure information suggests that the housing market is slowly improving, but significant recovery may take a number of years. Personal bankruptcy filings improved from 2.29 per 1,000 of population in 2015 to 1.58 per 1,000 of population as of September 30, 2016. The two Lee County systems have a significant amount of undeveloped land for future growth and expansion. -22 - 9B The Golden Gate System is located in Collier County. There is limited potential for new residential and commercial growth with the Golden Gate service area. According to data from the Florida Legislature Office of Economic and Demographic Research, Collier County's population was anticipated to increase from 321,500 in 2010 to 350,202 in 2016, an increase of 8.9%. The increase in the number of housing units permitted in Collier County increased from 3,310 in 2014 to 4,060 in 2015, an increase of 12.47%. The unemployment rate continued to decline from the peak of 11.6% in 2010 to 5.2% in 2015. Personal bankruptcy filings improved from 2.68 per 1,000 of population in 2015 to 1.37 per 1,000 of population as of September 30, 2016. The Pasco, Lindrick, Consolidated and Pasco Aqua Utility Systems are located in Pasco County. According to data from the Florida Legislature Office of Economic and Demographic Research, Pasco County's population is anticipated to increase from 464,697 in 2010 to 495,868 in 2016, an increase of 6.7%. The number of housing units permitted in Pasco County decreased from 2,785 in 2014 to 2,639 in 2015, a decrease of(5.2%). The unemployment rate continued to decline from the peak of 11.9% in 2010 to 5.8% in 2015. Personal bankruptcy filings continued to improve from 2.72 per 1,000 of population in 2015 to 2.37 per 1,000 of population as of September 30, 2016. Again, recent data suggests an improvement in market conditions. Portions of the FGUA service areas in Pasco County (Seven Springs) have significant potential for future growth and development, while others have limited growth opportunities. The Lake Aqua Utility Systems are located in Lake County. The FGUA service area within Lake County is largely built out and has limited growth opportunities. According to data from the Florida Legislature Office of Economic and Demographic Research, Lake County's population is anticipated to increase from 297,047 in 2010 to 323,985 in 2016, an increase of 9.1%. The number of housing units permitted in Lake County increased from 2,488 in 2014 to 2,778 in 2015, an increase of 11.7%. The unemployment rate continued to decline from the peak of 11.8% in 2010 to 5.4% in 2015. Personal bankruptcy filings continued to improve from 3.07 per 1,000 of population in 2015 to 2.45 per 1,000 of population as of September 30, 2016. The Unified Aqua Utility System is spread throughout 10 different Florida Counties. A majority of the customers are located within Seminole County and Polk County. According to released data from the Florida Legislature Office of Economic and Demographic Research, Florida's population is anticipated to increase by 311,405 from 2015 to 2020. The number of housing units permitted in Florida is back in positive territory, showing continued strong growth throughout the State. The unemployment rate continued to decline from the peak of 10.5% in 2010 to 4.9% as of September 30, 2015. Internal Control In developing and evaluating the FGUA's accounting system, consideration is given to the adequacy of internal accounting controls. Internal accounting controls are designed to provide reasonable, but not absolute assurance regarding: (1) the safeguarding of assets against loss from unauthorized use or disposition; and (2) the reliability of financial records for preparing financial statements and maintaining accountability for assets. The concept of reasonable assurance recognizes that: (a) the cost of a control should not exceed the benefits likely to be derived there from; and (b) the evaluation of costs and benefits requires estimates and judgments by management. We believe all internal control evaluations occur within the above framework and that the FGUA's internal accounting controls adequately safeguard assets and provide reasonable assurance of proper recording of financial transactions. - 23 - 9B Budgetary Control The FGUA maintains a system of budgetary controls. The objective of these controls is to ensure compliance with legal provisions embodied in the annual appropriated budget approved by the Board. The level of budgetary control (i.e., the level at which expenditures cannot legally exceed the appropriated amount) is at the fund level. The FGUA also maintains an encumbrance system as one method of maintaining budgetary control. Encumbered amounts lapse at year end; however, outstanding encumbrances are re-appropriated as part of the following year's budget. The budget process begins in the spring, when the staff develops proposed capital projects and operating budgets, with input from the Capital Program and Operations Managers and the Contract Operator. A planning retreat by the Board of Directors and senior staff is conducted in February or March of each year and is used to establish or update long-range system goals. Detailed budgets are presented by staff to the Systems Manager in late May. The System Manager's budget is forwarded to the Board of Directors in June. Any adjustments to the budget, to include public hearings for any • necessary rate changes, are typically conducted in August and September. The Board of Directors approves the final budget at a public hearing in September for the new fiscal year that begins October 1. As demonstrated by the statements and schedules included in the financial section of this report, the FGUA meets its responsibility for sound financial management. Factors Affecting Financial Condition Capital Improvement Program — The FGUA has adopted a five-year Capital Improvement Program (CIP) for the years 2017 to 2021, which outlines additions and improvements to its utility systems. The FGUA reviews and updates this five-year plan annually, authorizing appropriations for those projects scheduled to be started during the ensuing fiscal year. The cost of all new projects for fiscal year 2017 is approximately $18.9 million, and is estimated to total $60.0 million for the fiscal years 2017 — 2021. The CIP for each system is segregated into five major program areas, as follows: Wastewater Collection — This program calls for improvements to existing wastewater lines as well as the addition of new lines as the customer base increases. This program also calls for renewal of the existing system by repairing lines that allow infiltration/inflow and the rehabilitation of lift stations. Wastewater Treatment Facilities/Disposal — This program seeks to increase existing capacity as well as upgrade existing facilities. The objectives of this program are to promote reuse of reclaimed water, protect the environment, ensure that treatment capacity is available for growth, and ensure that facilities are in compliance with regulations of the United States Environmental Protection Agency and the State of Florida Department of Environmental Protection. Water Treatment Facilities (Water Production/Treatment)—This program ensures that the FGUA is able to deliver water to its customers during peak periods by expanding current production capabilities. This program also includes a comprehensive renewal program which provides for maintenance of water tanks, well pump facilities, well power systems, and filtration equipment. Water Distribution — This program calls for improvements to existing water lines as well as the addition of new lines as the customer base increases. -24 - 96 Meters — In order to maintain accurate water usage data for appropriate billing and reporting, the FGUA replaces meters each year. Most residential meters are replaced at ten years of age. Larger meters need to be replaced more frequently. General Projects—Specific project cost centers are created for special large projects as needed. The successful implementation of FGUA's Capital Improvement Program calls for a portion of funding to be provided through existing balances of construction funds from bonds, with the remaining amounts to be funded from operating revenues and impact fees. Financial Policies In January 2009, the FGUA Board approved a Net Asset (Working Capital) Policy in order to maintain and improve financial stability and manage its financial resources for its various enterprise funds to: (1) provide sufficient cash flow for daily financial needs, (2) secure and maintain the highest possible investment grade bond ratings, (3) position properly for significant economic downturns or revenue shortfalls, and (4) provide funds for unforeseen expenditures related to emergencies. The FGUA's investment policy is designed to minimize credit and market risk while maintaining a competitive yield on its investments. As of the end of the Fiscal Year all deposits were entirely covered by either federal depository insurance or pooled collateral held by the State Treasurer pursuant to Chapter 280, Florida Statutes. Awards and Acknowledgements The Government Finance Officers Association of the United States and Canada (GFOA) awarded a fourteenth consecutive Certificate of Achievement for Excellence in Financial Reporting to the Florida Governmental Utility Authority for its Comprehensive Annual Financial Report for the fiscal year ending September 30, 2015. In order to be awarded a Certificate of Achievement, a government must publish an easily readable and efficiently organized comprehensive annual financial report. This report must satisfy both generally accepted accounting principles and applicable legal requirements. A Certificate of Achievement is valid for a period of one year only. We believe that our current Comprehensive Annual Financial Report continues to meet the Certificate of Achievement Program's requirements, and we are submitting it to the GFOA to determine its eligibility for another certificate. The preparation of this report could not have been accomplished without the efficient and dedicated services of the financial staff. Appreciation is expressed to all those who assisted and contributed to its preparation and to the Board for its interest and support in planning and conducting the operations of the FGUA in a responsible manner. Respectfully submitted, Stephen M. Spratt, System Manager David M. DiLena, CPA, Chief Financial Officer -25 - 98 GR) Government Finance Officers Association Certificate of Achievement for Excellence in Financial Reporting Presented to Florida Governmental Utility Authority For its Comprehensive Annual Financial Report for the Fiscal Year Ended September 30, 2015 e-, Ade Executive Director/CEO - 26- 9B FGUA ORGANIZATION CHART Board of Directors enera o nse s Orti, anagen �® Ut�li y ounsel P � peratuo • �o�e �5� Y .-, Services Manager Manager � , Manager -��:� �- � Officer g Consulting Community Service Contract Operators Rate Consultants Engineers Representatives -27 - 98 List of Principal Officials Board Members Name Local Government Title Lea Ann Thomas, Chair Polk County Deputy County Manager Marjorie Craig(Alternate) Polk County Utilities Director James Cheek, P.E., Vice Chair Citrus County Director of Water Resources Department Christina Malmberg(Alternate) Citrus County Water Resources Department C.B. Flip Mellinger Pasco County Assistant County Administrator Robert J. Sigmond(Alternate) Pasco County Fiscal and Business Services Director Doug Muerer,P.E. Lee County Assistant County Manager,Public Works Pam Keyes,P.E. (Alternate) Lee County Utilities Director Shane Parker,P.E., Vice Chair Hendry County County Engineer Angel Roussel,P.E. Marion County Director of Marion County Utilities Brian Moree(Alternate) Marion County Assistant County Administrator Systems Manager Government Services Group, Inc. Stephen Spratt,Vice President David M. DiLena, CPA, Chief Financial Officer General Counsel Pennington,P.A. John C. Pelham Utility Counsel Nabors,Giblin&Nickerson,P.A. Heather Encinosa Bond Counsel Nabors,Giblin&Nickerson,P.A. Chris Traber Rate Consultant Public Resources Management Group, Inc. Robert J. Ori,President Financial Advisor Ford&Associates, Inc. Jon Ford - 28 - 98 111W' TAB..,,,,. Financial Section .1'.•- a _ ., .. . . , .,.. . '*- ',''' .'''...-7',:-..'''''',,,V5:,,, N,;,i'..',.,7'''i',:'•:,:,f.:j.:i,..,!ii:77‘,11'c't,:::',-",','"I''.'''-.:,''-. 4"" ' - v'2 -0.":-.---.'',0 4 .:.,'',.'-,.',.:'.--','.,.,..,.-H''.-4,ii'i.:.:.-Y.....t,„:.',...-„-,'„;';,.,-,,,.,.,,.,;„,,,,,'4,,7,,-.i,,-,,-..,,-f.',.,:-titr.-i.,,,.,t,I:,,--,,-„,...,p„,'t„,,.r.,,.7,,.-,:,,,,,,i.,,,.:,,,,,,,.-..,,...,,,,.,.:..--..,'---.-''-:'.`.'.:.,,':::-:,.r':- -%'_,'.L40kit..-',,..-'1:.:-,,,;-,,i„7:':,„J','':.':::,':,;;:4-'''-';','''''‘'':'''i''';;:;:,,7'''''::-..!,„,,,,C-.,-k/.',Tf,„:':,',::'''t!'.':,--;,P,„P,,. '„,-''....'.-,:z,!:-,'.',,-'--''-',,1:.-,,.,,'A''•,,i,,ii .'f,i,i,i,:0° , . . -.t. ,. 4.1, ,,. . ,,Iii, ' -'7,.....'.*'•,--.,,,,,',...-,,,','....,,.,'..-iz-14,.r'a---.,-,,,,,,%,” -'-'..`.-!i,.5,,t,..., ' -..--'-- -:-...-...i --'-,jp*., '--,A‘.,,ftvv,:,,,_-:-,,..it.,,4e„4„:,,,‘-.1--,,„•.,..-1,,,,..i.,..,„,.. ,,-:0;',,,--- . . ...z:--t-. i ,,.._,,-,,, ,riiioil,,,i. , . .,....-....,, . -,...., .. .., „ ‘i'lAt14 ..... . . .-, _.,- '4';'''''''''' N,;'''''- - • ' -4 i .;,'Iti,-:-".-'-..j..'..,...,'-,.,:,,'--‘'. , :,...,.. , ( .v ......,_.„,..... ,:44.,,,,,lit•-.4;„,-;,..:,----'-;,!!:.,'":,:,41;,,,t-.,-,-. .4 _, _,,,,,,,,,,,,„ '''' —.i:1:;.;"*---''''- .,..,.: ...,. f. i,--,---, 96 James Moore Certified Public Accountants and Consultants INDEPENDENT AUDITORS' REPORT To the Board of Directors, Florida Governmental Utility Authority: Report on the Financial Statements We have audited the accompanying financial statements of the business-type activities and each major fund of Florida Governmental Utility Authority (the Authority), as of and for the year ended September 30, 2016, and the related notes to the financial statements, which collectively comprise the Authority's basic financial statements as listed in the table of contents. Management's Responsibility for the Financial Statements The Authority's management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error. Auditors'Responsibility Our responsibility is to express opinions on these financial statements based on our audit. We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditors' judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments,the auditors consider internal control relevant to the entity's preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity's internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions. - 29- 121 Executive Circle 5931 NW 1st Place 2477 Tim Gamble Place,Suite 200 Daytona Beach,FL 32114-1180 Gainesville,FL 32607-2063 Tallahassee,FL 32308-4386 Telephone:386/257-4100 Telephone:352/378-1331 Telephone:850/386-6184 Fax:386/252-0209 Fax:352/372-3741 Fax:850/422-2074 dab@jmco.com gnv@jmco.com tlh@jmco.com Member of AGN International with offices in principal cities worldwide 9B Opinions In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of the business-type activities and each major fund of the Authority, as of September 30, 2016 , and the respective changes in financial position and cash flows thereof for the year then ended in accordance with accounting principles generally accepted in the United States of America. Other Matters Required Supplementary Information Accounting principles generally accepted in the United States of America require that the management's discussion and analysis, as listed in the table of contents, be presented to supplement the basic financial statements. Such information, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board, who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management's responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance. Other Information Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the Authority's basic financial statements. The introductory and statistical sections are presented for the purposes of additional analysis and are not a required part of the basic financial statements. The introductory section and statistical sections have not been subjected to the auditing procedures applied in the audit of the basic financial statements, and accordingly, we do not express an opinion or provide any assurance on it. Other Reporting Required by Government Auditing Standards In accordance with Government Auditing Standards, we have also issued our report dated March 10, 2017, on our consideration of the Authority's internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements and other matters. The purpose of that report is to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on the internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the Authority's internal control over financial reporting and compliance. awe* tillivote ( - , �-L . Daytona Beach,Florida March 10, 2017 - 30- 9B FLORIDA GOVERNMENTAL UTILITY AUTHORITY MANAGEMENT'S DISCUSSION AND ANALYSIS SEPTEMBER 30,2016 As management of the Florida Governmental Utility Authority (FGUA), we offer readers of the FGUA's financial statements this narrative overview and analysis of the financial activities for the fiscal year ending September 30, 2016. We encourage readers to consider the information presented here in conjunction with additional information that we have furnished in our letter of transmittal, which can be found in the introductory section of this report. FINANCIAL HIGHLIGHTS he assets and deferred 2016 outflows of the FGUA exceeded its liabilities Deferred Outflows Liabilities and deferred inflows at the $67os6z � $455,921,943 close of fiscal year 2016 by $78,486,941 as the chart to the t � a right indicates. Of this amount, 4ss , ti $52,844,021 may be used to � , meet the FGUA's ongoing obligations to citizens and creditors (Unrestricted Net Position). This is an increase of $10,428,714 or 25% in Assets unrestricted net position from $533,738,322 Net Position $78,486,941 the prior year. GUA's total net position increased by $14 million in fiscal year 2016. As the chart on the next -F page indicates, all systems net positions increased as follows: • The MacDill AFB Utility System contributed $4.6 million or 32.6% of the increase in total net position,primarily thanks to capital grants. • The Consolidated Utility System contributed $1.7 million or 12.4% of the increase in total net position. • The Golden Gate Utility System contributed $1.7 million or 12% of the increase in total net position. • The Lehigh Utility System contributed $1.5 million or 11% of the increase in total net position, primarily because of cost saving from bond refunding. • The Lake Aqua, Pasco Aqua, and Unified Aqua Utility Systems contributed a combined $1.5 million or 10.5%of the increase in total net position. • The North Fort Myers Utility System contributed $1.5 million or 10.4% of the increase in total net position. • The Pasco Utility System contributed$1.2 million or 8.4%of the increase in total net position. • The Lindrick Utility System contributed$322,996 or 2.3%of the increase in total net position. • The Authority has one non-specific fund that pre-pays expenses, and then is reimbursed by the appropriate enterprise funds upon determination of a reasonable allocation basis. It also pays for the rare non-allocable expenses for minor contractual services provided to the Authority. This fund had an increase in net position of$57,484, which increased the FGUA total net position by 0.4%. - 31 - FLORIDA GOVERNMENTAL UTILITY AUTHORITY MANAGEMENT'S DISCUSSION AND ANALYSIS SEPTEMBER 30,2016(continued) Increase (decrease) in Net Position by System for the Year Ending September 30,2016 MacDill AFB $4,565 Consolidated $1,741 Golden Gate $1,678 Lehigh Acres $1,538 North Fort Myers $1,462 Pasco $1,183 Unified Aqua $747 Pasco Aqua $635 Lindrick $323 Lake Aqua $95 Non-System Specific $57 $- $1,000 $2,000 $3,000 $4,000 $5,000 Thousands The net decrease in total debt as of September 30, 2016 was $15,670,608. As the chart on the next page indicates, the Lehigh Utility system had the greatest decrease in debt ($15.6 million). The proceeds from the Lehigh Series 2014 Refunding Revenue Bonds ($19.6 million)were placed into an Escrow Deposit Agreement with Wells Fargo Bank on October 8, 2014 (FY 2015), and were paid out to the series 2005 bondholders on October 1, 2015 (FY 2016). The Barefoot Bay Utility System is treated like a custodial fund, where FGUA records the outstanding debt, along with the restricted assets secured to pay the debt as it becomes due. In fiscal year 2016, principal payments reduced the debt in this system by$530,000. While most of the utility systems experienced a decrease in total debt, Golden Gate, Lehigh, North Fort Myers, Lindrick and Consolidated Utilities took on debt to fund an energy savings program. These five utility systems are currently installing more efficient equipment. The savings from more efficient equipment is expected to be more than adequate to repay the additional debt. More information can be found in Note 7 of the Financial Section. -32- I FLORIDA GOVERNMENTAL UTILITY AUTHORITY 9 MANAGEMENT'S DISCUSSION AND ANALYSIS v SEPTEMBER 30,2016(continued) Total Debt by Systems as of September 30 n ni ■2016 III 2015 ui ei ei ri N $120 - $10o .. co vrm N $80 - V} tD c O O tp tD cn V} $60 a'• o O p a a VT V} aOi O O i.n al,rJ $40N Ni N co m t/1 0] n'1 N N O V? VY it)- a 01 N: N a, al V}V} ,-i .--i e-1 e-I ,v, V1 V} $20 in 4.4 vv> '`e O `- t`, <b Js .a a . ,? Qa Leo ,�e ,,- ,QPQea--Q to �. e °`ae, 4) a c c �° b N., <6 J0 taC° Lr \o Utility System OVERVIEW OF THE FINANCIAL STATEMENTS This discussion and analysis is intended to serve as an introduction to the Florida Governmental Utility Authority's (FGUA) basic financial statements. Since the FGUA is a special-purpose government involved solely in the provision of water and wastewater services to its customers on a fee basis, all funds are accounted for in Proprietary Funds, specifically eleven enterprise funds. Therefore, there are no government-wide financial statements, as they would be redundant to the fund financial statements. This report contains fund financial statements and notes to the financial statements. The report also contains other supplementary information in addition to the basic financial statements themselves. Fund Financial Statements A fund is a grouping of related accounts that is used to maintain control over resources that have been segregated for specific activities or objectives. The FGUA, like other state and local governments, uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements. All funds of the FGUA are proprietary funds, with one fund set up for each geographically separate utility system operated by the FGUA. Proprietary Funds The FGUA operates only one type of proprietary fund, and a separate enterprise fund is maintained for each utility system. Enterprise funds are used to report business-type functions, which recover all or a significant portion of their costs through user fees and charges. - 33 - FLORIDA GOVERNMENTAL UTILITY AUTHORITY 9 8 MANAGEMENT'S DISCUSSION AND ANALYSIS SEPTEMBER 30,2016 (continued) The proprietary fund financial statements are comprised of a Statement of Net Position, a Statement of Revenues, Expenses and Changes in Net Position, and a Statement of Cash Flows. The Statement of Net Position presents information on the FGUA's assets, deferred outflows of resources, liabilities, deferred inflows of resources and net position. The Statement of Revenues, Expenses and Changes in Net Position presents information on the revenues received,the expenses incurred, and the positive or negative results of the individual utility system's increase or decrease in net position, presented on an accrual basis. The Statement of Cash flows provides information on the cash flows of each utility system, based on operations, financing activities, capital uses, and investment activities and a supplemental schedule of noncash activities. Notes to the Financial Statements The notes provide additional information that is essential to a full understanding of the data provided in the financial statements. Other Information In addition to the basic financial statements and accompanying notes, this report also presents supplementary information concerning its compliance with the funding of outstanding debt issues. This information, known as Coverage Ratios, is provided as part of the information contained in the Statistical Section of this report. GOVERNMENT-WIDE FINANCIAL ANALYSIS Net position may serve over time as a useful indicator of a government's financial position. In the case of the Florida Governmental Utility Authority, the assets and deferred outflows exceeded the liabilities and deferred inflows by $78 million at the close of fiscal year 2016. See the condensed Statement of Net Position on the table on the next page. • Net investment in capital assets (e.g. land, buildings, and equipment) is presented net of any depreciation and the outstanding balances of any bond or other borrowings that are attributed to the acquisition, construction, or improvements of those assets. These assets are used to provide services to our customers, and consequently, these assets are not available for future spending (restricted). Net investment in capital assets ended the year with a deficit balance of$16,569,953 which is a $741,920 decrease from the prior year deficit balance of $17,311,873. The deficit decreased because more capital assets were added than depreciation was expensed, and because more capital asset-related debt was paid off than was incurred. • Net Position Restricted for Capital Projects ended the year with a balance of$12,586,073, which is an increase of$1.8 million. This is the balance in the Renewal and Replacement fund and the Water Capacity and Wastewater Capacity funds. These funds are restricted impact fees and by bond covenants to be used only for the purchase or construction of capital assets to renew and expand the utilities' assets. • Net Position Restricted for Debt Service ended the year with a balance of$29,626,800 which is an increase of$1,052,615 as compared to the prior year. Restricted for Debt Service represents resources reserved for payment of the debt service (principal and interest) on external debt; consequently,these assets are not available for other uses. • Net Position Unrestricted ended the year with a balance of$52,844,021 which is an increase of $10.4 million or 24.6% as compared to the prior year and is available for other budgetary uses of the FGUA. -34- FLORIDA GOVERNMENTAL UTILITY AUTHORITY MANAGEMENT'S DISCUSSION AND ANALYSIS SEPTEMBER 30,2016 (continued) Florida Governmental Utility Authority Condensed Statement of Net Position 2016 2015 Current& Other Assets $ 256,835,496 $ 259,816,084 Capital Assets 276,902,826 277,163,602 Assets 533,738,322 536,979,686 Deferred loss on bond refunding 670,562 384,214 Deferred Outflows 670,562 384,214 Assets & Deferred Outflows $ 534,408,884 $ 537,363,900 Long Term Liabilities $ 422,546,779 $ 418,245,036 Other Liabilities 33,375,164 54,655,783 Total Liabilities 455,921,943 472,900,819 Net Position Net investment in Capital Assets (16,569,953) (17,311,873) Restricted for Capital Projects 12,586,073 10,785,462 Restrcited for Debt Service 29,626,800 28,574,185 Unrestricted 52,844,021 42,415,307 Total Net Position $ 78,486,941 $ 64,463,081 In the past year, assets decreased by $3 million or 0.60%. The cash in from the additional $15 million from SunTrust for the Energy Savings program offset the $19 million that was paid to defease the Lehigh 2005 Series bonds. The remainder of the decrease in assets is the interrelation between the increase in operating income, debt service payments, and deprecation. Deferred Outflows increased by $286,348 as the FGUA began amortizing a loss on the advance refunding of the Lehigh Series 2005 bonds. Total liabilities decreased by $17 million or 3.6%. Short term liabilities decreased most significantly because of the $19 million refunding of the Lehigh 2005 bonds in October 2015. Despite the issuance in $15 million in new debt for the Energy Savings program, long term liabilities increased only$4.3 million, because the FGUA pays approximately$10 million a year in principal. The increase in net position of $14 million represents the degree to which revenues have exceeded expenses in the past year combined with the decrease in debt. The refundings of Golden Gate and Lehigh bonds over the past three years has resulted in significantly lower interest expense. See chart on the next page. Operating revenues increased 4.46% which was adequate to cover the 3.45% increase in operating expenses. The increase in operating revenues is partially due to rate increases which varied by system between 1.7%to 3.2%. Additionally, one of the most significant changes was the adoption of an inactive charge effective October 1, 2015 on the Aqua system rates. This effectively spreads base fees more fairly across all connections, and is practiced in all the other FGUA utilities. - 35 - FLORIDA GOVERNMENTAL UTILITY AUTHORITY 9 B MANAGEMENT'S DISCUSSION AND ANALYSIS v SEPTEMBER 30,2016(continued) Operating expenses increased 3.45%. Nearly 90%of the FGUA's operating expenses are set in multi-year contracts which increase annually on an agreed-up consumer price index. For the fiscal year ending September 30, 2016, all of the FGUA utility systems' net positions increased. The FGUA continues to maintain a financially healthy system. The unrestricted cash balance increased by 24% from $39.4 million at FYE 2015 to $49.1 million at FYE 2016, showing a financially healthy utility system with good liquidity. Florida Governmental Utility Authority Condensed Statement of Revenues,Expenses, and Changes in Net Position 2016 2015 Operating revenues Water and wastewater revenues $ 80,618,152 $ 76,532,418 Other operating revenues 2,892,330 3,413,729 Operating expenses (40,562,861) (39,211,592) Operating income before depreciation and amortization 42,947,621 40,734,555 Depreciation and amortization (18,737,495) (18,191,389) Operating income 24,210,126 22,543,166 Non-Operating revenues (expenses) Investment revenue,net 754,268 709,064 Operating grants 292,386 - Miscellaneous non-operating revenues 295,944 270,238 Interest expense,net (17,468,033) (18,562,920) Debt issuance cost _ (153,398) (621,419) Income (loss) before capital contributions 7,931,293 4,338,129 Recoverable portion of purchase price (MacDill) 1,528,480 1,523,016 Capital contributions and grants 4,564,087 4,222,335 Change in net position 14,023,860 10,083,480 Total net position- beginning 64,463,081 54,379,601 Total net position-end of year $ 78,486,941 $ 64,463,081 SIGNIFICANT CAPITAL ASSET AND LONG TERM DEBT ACTIVITY The fiscal year ending September 30, 2016 represents the seventeenth full fiscal year of the FGUA's operations. During this period,the following significant events occurred: Capital Assets During FY 2016, the FGUA's net capital assets remained nearly unchanged, with renewals and capital additions near equal to depreciation. The MacDill AFB Utility System accounted for $3.5 million of the increase in net capital assets during the year thanks to federally-funded capital asset grants. On the other hand, Lehigh and North Fort Myers saw decreases in capital asset values of $2.9 million and $1.1 million respectively, while large capital projects were awaiting bid results or were put on hold by regulatory agencies. The remaining systems showed small increases or decreases in net capital assets. Of the $277 million recorded for Capital Assets (net of depreciation), $6 million represent costs incurred for capital projects that are under construction, but not yet completed as of September 30, 2016. Additional information on the FGUA's capital assets can be found in Note 6 of the Financial Section. - 36- FLORIDA GOVERNMENTAL UTILITY AUTHORITY MANAGEMENT'S DISCUSSION AND ANALYSIS SEPTEMBER 30,2016(continued) 9 8 Debt Administration 0 n September 30, 2016, the FGUA had outstanding debt in the amount of$430 million in the form of revenue bonds, state revolving loans, seller financed notes and a capital lease. This is a decrease of$15 million from the prior year's debt balance of$445 million. The FGUA tends to pay down $10 million a year in principal. In addition, during 2016, the FGUA issued an additional $15 million in debt while also advance refunding nearly $20 million. Half of the outstanding debt issues are fully insured via municipal bond insurance policies issued by Ambac Assurance Corporation and Assured Guaranty. The remaining issuances have reserve accounts with a September 30,2016 fair market value of$16.8 million. The FGUA maintains a debt coverage ratio of 1.1 or better(net operating income to debt service)for each of its utilities. The following chart shows the actual coverage compared to the required coverage for the past ten years for debt secured by pledged water and wastewater revenues. 1.8 1.6 1.4 1.2il 0 g 1 iv I to a 0.8 uuuuIuuul ElU 0.6 II 0.4 11111111 0.2 MI 111 II 0 i i i t i 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 I Required Coverage ®Actual Coverage The FGUA is prohibited by Chapter 163, Florida Statutes from imposing property taxes. In addition, it is further prohibited from issuance of general obligation debt. It is, however, authorized to impose special assessments upon property owners, whose property will benefit from water and wastewater system improvements. Refer to Note 7 and the Statistical Section for more information on the FGUA's Long Term Debt and Coverage Ratios for each utility system. - 37- FLORIDA GOVERNMENTAL UTILITY AUTHORITY MANAGEMENT'S DISCUSSION AND ANALYSIS 9 13 SEPTEMBER 30,2016 (continued) FACTORS EXPECTED TO HAVE AN ECONOMIC IMPACT ON FUTURE OPERATIONS Future Growth in Customers Due to continued economic conditions, customer growth within each utility system continues to be low. There was positive overall utility growth for fiscal year 2016. The net addition of 2,360 active connections to our records is mostly due to changing the inactive account base fee policy for the Aqua systems. In addition,just over 2,000 re-use irrigation customers in the Pasco systems were accidentally classified as "sewer" customers, and were re-classified to water customers. The changes in customer counts in 2016 were verified through further billing and meter audits. We predict the rate of future growth will continue to be relatively flat. Management monitors growth closely as it has an impact on the infrastructure needs of the Utility Systems and requires prudent long term capital planning. The FGUA will continue to meet system demands by managing the capital improvement projects in accordance with the FGUA capital improvement plan that is adopted each September with the FGUA operating budget. (Further information on customer growth for the past ten years can be found in the Statistical Section). FINANCIAL INFORMATION Operations Acore function of the FGUA is to use the collective power of local governments, performing as board members,to acquire, improve, operate, and maintain water and wastewater facilities. Local governments hold the option to acquire any FGUA utility system within its jurisdiction. This makes the FGUA a unique local government. The financial statements can fluctuate significantly as the FGUA acquires utility systems or transitions them over to the local government. There are also years that have small to moderate fluctuations when there are no acquisitions or transitions, and the financial activities are only reflective of traditional operational activities. There are no major differences in FY 2016 operations as compared to FY 2015 operations. Generally, revenues and expenses increased modestly. The new debt that was issued was more than offset by defeasance of other debt. The impacts of acquisitions and transitions are reflected throughout this narrative as explanations for the large variances from prior years; however, there were no acquisitions or sales of utility systems neither in FY 2016 nor in FY 2015. As a result, many of the explanations for the variances may seem redundant; however, each utility system of the FGUA operates independently. It is important,therefore,for the reader to understand that while the FGUA system, as a whole,may have been impacted by a transition activity in prior years;the explanations for the individual operations of the utility systems are more reflective of the traditional governmental utility operation. -38- FLORIDA GOVERNMENTAL UTILITY AUTHORITY 9 p MANAGEMENT'S DISCUSSION AND ANALYSIS 7 D SEPTEMBER 30,2016(continued) 0 perating revenues (excluding the General Fund) increased $3.6 million or 4.5% from $79.9 million in FY 2015 to$83.4 million in FY 2016. • The Golden Gate Utility System realized an increase in operating revenues of$222,647 or 2.9% as compared to the prior year. This increase was primarily the result of a Consumer Price Index increase in rates(1.7%) as well as a 1%increase in the number of connections. • The Lehigh Acres Utility System realized an increase in operating revenues of$477,453 or 3.4% as compared to the prior year. This increase was primarily the result of a Consumer Price Index increase in rates as well as a 1.3% increase in the number of connections and a slight increase in user consumption. • The Pasco Utility System realized an increase in operating revenues of $694,846 or 3.8% as compared to the prior year. This increase was primarily the result of prior years' rate increases, a slight increase in users, and a general increase in consumption. • The Consolidated Utility System realized an increase in operating revenues of$354,769 or 6.2% as compared to the prior year. This increase was primarily the result of an increase in rates of 3.2% at the beginning of the year, a nearly 1% increase in the number of connections, and a general increase in consumption. • The Lindrick Utility System realized an increase in operating revenues of$47,283 or 1.1% as compared to the prior year. This increase was primarily the result of a Consumer Price Index increase in rates at the beginning of the year. • The North Fort Myers Utility System realized an increase in operating revenues of$522,777 or 4.6% as compared to the prior year. This increase was primarily the result of a Consumer Price Index increase in rates at the beginning of the year, as well as an increase in bulk wastewater usage by Lee County. • The MacDill AFB Utility System operating revenues increased$68,289, or 1.5%, as compared to the prior year. This increase is the result of a Consumer Price Index increase from the Federal Government effective March 1 of each year. • The Lake Aqua, Pasco Aqua, and Unified Aqua Utility Systems contributed an additional $1,174,168 in operating revenues. This increase was primarily the result of a rate structure change put into effect at the beginning of the year to charge inactive account base fees to all connections. Operating Revenues by System for the Year Ending September 30 ■2016 is 2015 o f v, co , $20 1 `" 1-1 o $18 - '1: rn .--i co $16 cn °° M $14 - `' .-+ $12 - rn N. $10 syr AA $8 ,n r, `4 av a . r.... 4.4 Zvi $6 - VT V} N M M M M SVT Nay $2 !-' • 7 l a ° Jr ° � a `ia °,,aeea Clsb CPP4'6 \ Z- ) F. `o \ate � � � Z. C° c,° • � ,� Q aJ� er o Utility System - 39- FLORIDA GOVERNMENTAL UTILITY AUTHORITY MANAGEMENT'S DISCUSSION AND ANALYSIS 9 B SEPTEMBER 30,2016 (continued) 0 perating expenses (excluding the General Fund and depreciation and amortization) increased by $1,347,425, or 3.44% from $39 million in FY 2015 to $40.5 million in FY 2016. Most of the FGUA's operating expenses are fixed on multi-year contracts with an agreed-upon Consumer Price Index increase. • The Golden Gate Utility System realized a small increase in operating expenses of$51,441 or 1.7%. Lower electricity and regulatory expenses offset the annual contract inflationary increases (approximately 3%). • The Lehigh Acres Utility System realized an increase in operating expenses of$470,228 or 7.6% as the result of increased costs of chemicals, electricity, and security monitoring. In addition, customer service office rent was temporarily higher while the FGUA coordinated a move into a less expensive location. • The Pasco Utility System realized an increase in operating expenses of$527,468 or 5.7%. The increase is primarily attributed to an increase in purchased water, as well as an increase in additional operating and maintenance expenses. • The Consolidated Utility System realized a decrease in operating expenses of$124,995 or-4.7%. This decrease is related to lower purchased wastewater services during the year. • The Lindrick Utility System realized an increase in operating expenses of$27,364 or 1.2%. This increase was the result of a general inflationary increase in operating expenses. • The North Fort Myers Utility System realized a small increase in operating expenses of$54,675 or 1.0%. Lower electricity and additional maintenance costs offset the annual contract inflationary increases. • The MacDill AFB Utility System realized an increase in operating expenses of$10,731 or 0.4%, which is mostly explained by the 1.5%economic price index increase in effect for the first half of FY 2016, and the subsequent -0.5% economic price index increase in effect for the latter half of the fiscal year. • The Aqua Pasco, Aqua Lake and Aqua Unified Utility Systems contributed to the FGUA's increase in operating expenses by $330,512 or 4.1%. The operations and maintenance contracts increased by 3% (inflation). The remaining 1% increase was related to additional maintenance and regulatory expenses. Operating Expenses by System for the Year Ending September 30 (excluding depreciation and amortization) ■2016 ■2015 eq of n-, `^rn ,,, $10 - c $9 - $H r VD N tri-Lo $7 - ,f1 ,f1 $6 - v}v} kg Lq . $5 n.n o rn G M N ,fl LIR ,ri IX!T4 - VT 4!} N N N ,1 N N N O $3 v}I} +Nn y} an v} v}v} ^i ,1' $2 - cr' $1 $- r <e r oo ea •& is F� o'z' oa J e P o a D �Ga .• �a� SAs,s. <>`s (<° 4`.''aoco` ate¢, aSooP F,eaP 00 coc r`` �` Q J� c� �o Utility System -40- 9B FLORIDA GOVERNMENTAL UTILITY AUTHORITY MANAGEMENT'S DISCUSSION AND ANALYSIS SEPTEMBER 30,2016 (continued) 0 perating income is the net of operating revenue against operating expenses. All of the FGUA utilities experienced an increase in operating income in FY 2016. Operating income (excluding the General Fund and depreciation and amortization expense) increased by $2.2 million or 5.4% from $40.7 million in FY 2015 to $42.9 million in FY 2016. See the chart below for a comparison of FY 2015 to FY 2016 operating income by utility system. The two utility systems with the most significant increases in operating income were the Consolidated Utility System($479,764 or 15.7%increase)and the Unified Aqua Utility System ($588,022 or 25.6% increase). The Consolidated Utility System's expenses were lower than anticipated and continue to reap the benefits of rate increases above consumer price index levels. The Unified Aqua Utility System increase is nearly entirely related to the inactive account base fee restructure. The third utility with a significant operating income increase is the North Fort Myers System. North Fort Myers operating income increased $468,102 or 8% over FY 2015. As explained above in the revenue section North Fort Myers has experienced a significant increase in sales of bulk wastewater treatment services to Lee County. Operating Income by System for the Year Ending September 30 (excluding depreciation and amortization) s 2016 IN 2015 Q1 $10 - i^v} o $9 - 1 $8 - v. CD 01 $7 - in-u, '71 co $6 - $5 - Lo! m rn - N m M M NN N m O in • $3 r t/}{NTS r, ,4 N N $2 - $1 - aye Soo ��a �� c <(`b .a o Ja ¢�� mor."4° Qa �`aa Say 4\, �\� P0. ' .. \a 43 o� ao0 1, Soo moa 6o GoC� � \. Qa J�� c� \o Utility System - 41 - FLORIDA GOVERNMENTAL UTILITY AUTHORITY 9 8 MANAGEMENT'S DISCUSSION AND ANALYSIS SEPTEMBER 30,2016(continued) CUSTOMERS The following chart depicts the change in water and wastewater billed customers over the last two years. The increases and decreases in customer numbers for all systems were primarily the outcome of continued internal meter audits. The change in Pasco Systems is related to a reclassification of re-use irrigation water customers from wastewater to water customers. The increase in the Aqua systems is due to a policy change related to base fee charges. All the FGUA systems charge base fees as long as there is a connection to a home that must be maintained, whether the home is occupied or vacant. The Aqua systems did not have this fee in their rate schedule until October 1, 2015. This resulted in an increase of nearly 1,800 accounts, which adds to the stability of the systems and improves the utilities' ability to spread the cost of the treatment plants more fairly across connected premises. Water Customers Wastewater Customers Percent Percent 6/30/2016 6/30/2015 Growth Growth 6/30/2016 6/30/2015 Growth Growth System Golden Gate 3,684 3,646 38 1.04% 2,297 2,274 23 1.01% Lehigh Acres 12,643 12,489 154 1.23% 10,421 10,278 143 1.39% Pasco Systems 18,069 15,958 2,111 13.23% 15,328 17,344 (2,016) -11.62% Consolidated Systems 6,474 6,416 58 0.90% 3,337 3,308 29 0.88% Lindrick Utility System 3,089 3,074 15 0.49% 2,586 2,572 14 0.54% North Fort Myers System 1,855 1,843 12 0.65% 11,963 11,954 9 0.08% MacDill AFB 1 1 0 0.00% 1 1 0 0.00% Lake Aqua System 5,040 4,630 410 8.86% 1,243 1,160 83 7.16% Pasco Aqua System 3,272 2,851 421 14.77% 3,106 2,696 410 15.21% Unified Aqua System 7,699 . 7,338 361 4.92% 1,992 1,907 85 4.46% Totals 61,826 58,246 3,580 6.15% 52,274 53,494 (1,220) -2.28% Note: Reflects active customers on June 30 -42 - FLORIDA GOVERNMENTAL UTILITY AUTHORITY MANAGEMENT'S DISCUSSION AND ANALYSIS SEPTEMBER 30,2016 (continued) The following chart shows the change in the number of customers over the past ten years. While the individual utilities have traditionally experienced relatively flat growth in the customer base, acquisitions of new systems and transitioning of exiting systems may be reflected in the changes shown below. The last disposition of any FGUA utility systems was the transition of the Poinciana and 1 Citrus utility systems in 2007. In 2009, the FGUA acquired the Pasco utility systems. In 2010, the FGUA acquired the Consolidated, Lindrick, and North Fort Myers utility systems. In 2013, the FGUA acquired the Lake Aqua,Pasco Aqua, and Unified Aqua utility systems. The number of utility systems and the size of the customer base of each system for a given year affect the upward and downward changes over this ten year period. Refer to the Statistical Section for additional information. MOST RECENT 10 YEARS OF FGUA CUSTOMERS 70,000 60,000 i — 50,000 40,000 — III III0 v30,000 20,000 1 ! ! ! ! ! ! 01 I I 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 ■Water •Wastewater REQUESTS FOR INFORMATION This financial report is designed to provide a general overview of the Florida Governmental Utility Authority's finances for all those with an interest in the government's finances. Questions concerning any of the information provided in this report or requests for additional financial information should be addressed to the FGUA Office of the Chief Financial Officer, 280 Wekiva Springs Road, Suite 2070, Longwood, FL 32779. -43 - FLORIDA GOVERNMENTAL UTILITY AUTHORITY 9 B STATEMENT OF NET POSITION SEPTEMBER 30,2016 Non-System Golden Gate Lehigh Barefoot Bay Pasco Specific Utility System Utility System Utility System Utility System ASSETS Current assets Cash and cash equivalents $ 457,120 $ 6,797,569 $ 12,356,970 $ - $ 8,862,301 Restricted assets: Cash and cash equivalents - 1,838,640 3,332,954 6,827,499 Bonds receivable - - - 555,000 - Interest receivable - - - 276,194 - Accounts receivable,net - 1,166,278 2,293,815 - 2,398,000 Due from other governments - - - - - Prepaid items 17,944 224,819 349,607 - 24,022 Total current assets 475,064 10,027,306 18,333,346 831,194 18,111,822 Non-current assets Restricted assets: Cash and cash equivalents - 4,519,136 10,924,302 - 7,138,599 Investments - - - - 1,943,315 Bonds receivable - - - 10,405,000 - Special assessment receivable - - 354,561 - - Intangible right-of-use agreement - - - - - I Land - 500,040 2,557,284 - 1,637,519 Utility plants 63,876 46,716,195 115,178,422 - 59,915,624 Construction in process - 385,883 2,344,673 - 351,894 Accumulated depreciation (11,540) (22,558,111) (50,558,856) - (12,826,975) Excess of cost over fair value of acquired assets,net - 5,654,054 1,894,555 - 41,155,334 Total non-current assets 52,336 35,217,197 82,694,941 10,405,000 99,315,310 Total Assets $ 527,400 $ 45,244,503 $ 101,028,287 $ 11,236,194 $ 117,427,132 DEFERRED OUTFLOWS OF RESOURCES Deferred loss on bond refunding $ - $ 362,407 $ 308,155 $ - $ - LIABILITIES Current liabilities Accounts payable $ 75,853 $ 443,130 $ 848,080 $ - $ 1,021,027 Customer deposits - 590,373 1,234,501 - 1,554,285 Liabilities payable from current restricted assets: Accounts payable - 236,760 73,585 - 382,822 Interest payable - 388,650 1,359,369 276,194 3,534,677 Current portion of long-term debt - 1,213,230 1,900,000 555,000 2,910,000 Total current liabilities 75,853 2,872,143 5,415,535 831,194 9,402,811 Non-current liabilities Non-current portion of long-term debt - 39,658,828 71,037,932 10,405,000 112,578,264 Total Liabilities $ 75,853 $ 42,530,971 $ 76,453,467 $ 11,236,194 $ 121,981,075 NET POSITION Net investment in capital assets $ 52,336 $ (7,311,519) $ 5,455,959 $ - $ (24,462,687) Restricted for: Capital projects - 2,285,134 3,017,185 - 818,977 Debt service - 947,161 3,137,459 - 10,380,756 Unrestricted 399,211 7,155,163 13,272,372 - 8,709,011 Total Net Position $ 451,547 $ 3,075,939 $ 24,882,975 $ - $ (4,553,943) The accompanying notes to financial statements are an integral part of this statement. -44- 9B Consolidated Lindrick N.Fort Myers MacDill AFB Lake Aqua Pasco Aqua Unified Aqua Utility Systems Utility System Utility System Utility System Utility System Utility System Utility System Total $ 5,765,238 $ 2,278,935 $ 5,171,645 $ 1,607,456 $ 1,093,318 $ 2,128,776 $ 2,587,991 $ 49,107,319 911,381 1,602,663 3,527,328 1,461,159 813,174 915,687 1,499,154 22,729,639 - - - - - - - 555,000 - - - - - 276,194 754,793 547,132 1,238,625 1,846,244 485,942 543,328 1,047,649 12,321,806 - - - - 32,057 - - 32,057 19,842 10,086 43,392 7,271 52,557 27,583 65,486 842,609 7,451,254 4,438,816 9,980,990 4,922,130 2,477,048 3,615,374 5,200,280 85,864,624 8,017,062 4,254,501 5,099,172 2,505,352 1,172,858 1,938,945 1,930,111 47,500,038 - 425,932 1,064,830 - - - - 3,434,077 - - - - - - - 10,405,000 - - - - - - - 354,561 - 3,273,200 - - - - - 3,273,200 241,706 49,504 345,610 - 227,084 177,465 1,663,935 7,400,147 8,407,919 5,748,215 62,897,076 39,171,601 7,754,255 6,415,918 21,943,934 374,213,035 162,284 95,593 184,756 2,144,899 34,708 27,290 366,452 6,098,432 (1,300,558) (929,346) (11,262,723) (5,102,405) (1,508,388) (1,088,857) (3,661,028) (110,808,787) 11,297,056 13,007,746 13,926,752 - 7,695,140 10,193,380 1,179,978 106,003,995 26,825,469 25,925,345 72,255,473 38,719,447 15,375,657 17,664,141 23,423,382 447,873,698 $ 34,276,723 $ 30,364,161 $ 82,236,463 $ 43,641,577 $ 17,852,705 $ 21,279,515 $ 28,623,662 $ 533,738,322 I $ - $ - $ - $ - $ - $ - $ - $ 670,562 $ 272,784 $ 250,086 $ 594,578 $ 335,530 $ 214,620 $ 177,813 $ 570,843 $ 4,804,344 315,357 152,688 409,253 5,500 186,454 252,820 308,756 5,009,987 156,560 59,411 286,994 793,426 78,608 94,705 421,726 2,584,597 519,221 870,519 1,946,134 - 369,566 415,982 502,428 10,182,740 235,600 672,733 1,294,200 667,733 365,000 405,000 _ 575,000 10,793,496 1,499,522 2,005,437 4,531,159 1,802,189 1,214,248 1,346,320 2,378,753 33,375,164 II 28,739,823 25,314,818 59,260,640 14,162,932 17,115,360 18,943,097 25,330,085 422,546,779 $ 30,239,345 $ 27,320,255 $ 63,791,799 $ 15,965,121 $ 18,329,608 $ 20,289,417 $ 27,708,838 $ 455,921,943 $ (5,417,731) $ (2,208,283) $ 6,469,226 $ 21,383,430 $ (3,275,400) $ (3,188,069) $ (4,067,215) $ (16,569,953) 787,063 687,816 1,490,940 3,173,085 60,379 265,494 - 12,586,073 2,716,314 2,130,994 5,034,667 - 1,475,318 1,643,619 2,160,512 29,626,800 5,951,732 2,433,379 5,449,831 3,119,941 1,262,800 2,269,054 2,821,527 52,844,021 $ 4,037,378 $ 3,043,906 $ 18,444,664 $ 27,676,456 $ (476,903) $ 990,098 $ 914,824 $ 78,486,941 it The accompanying notes to financial statements are an integral part of this statement. -45- FLORIDA GOVERNMENTAL UTILITY AUTHORITY 9 8 STATEMENT OF REVENUES,EXPENSES,AND CHANGES IN NET POSITION FOR THE YEAR ENDED SEPTEMBER 30,2016 Non-System Golden Gate Lehigh Barefoot Bay Pasco Specific Utility System Utility System Utility System Utility System Operating revenues Water and wastewater revenues $ - $ 7,683,446 $ 13,679,328 $ - $ 18,497,206 Other operating revenues 78,500 247,559 679,369 - 556,931 Total operating revenues 78,500 7,931,005 14,358,697 - 19,054,137 Operating expenses Operating and management services - 2,575,174 6,159,237 - 9,188,433 Other operating expenses 15,217 420,278 513,181 - 598,094 Depreciation and amortization 10,757 2,007,727 4,512,803 - 4,001,181 Total operating expenses 25,974 5,003,179 11,185,221 - 13,787,708 Operating income 52,526 2,927,826 3,173,476 - 5,266,429 Nonoperating revenues(expenses) Investment income 548 15,131 25,161 552,388 69,935 Miscellaneous income - 6,260 8,456 - 130,109 Build America Bond interest subsidies - - - - 2,306,024 Operating grants - - - - 286,270 Interest expense - (1,402,480) (2,282,566) (552,388) (7,065,942) Debt issuance costs - (23,410) (65,227) - - Total nonoperating revenues(expenses) 548 (1,404,499) (2,314,176) - (4,273,604) Income(loss)before capital contributions 53,074 1,523,327 859,300 - 992,825 Capital contributions Capital grants - - - - - Recoverable portion of system purchase price - - - - - Impact fees and developer contributions 4,409 154,468 678,993 - 189,936 Total capital contributions 4,409 154,468 678,993 - 189,936 Increase(decrease)in net position 57,483 1,677,795 1,538,293 - 1,182,761 Net position,beginning of year 394,064 1,398,144 23,344,682 - (5,736,704) Net position,end of year $ 451,547 $ 3,075,939 $24,882,975 $ - $ (4,553,943) The accompanying notes to financial statements are an integral part of this statement. -46- 98 Consolidated Lindrick N.Fort Myers MacDill AFB Lake Aqua Pasco Aqua Unified Aqua Utility Systems Utility System Utility System Utility System Utility System Utility System Utility System Total $ 5,756,838 $ 4,386,122 $ 11,624,025 $ 4,587,124 $ 3,593,194 $ 3,653,712 $ 7,157,157 $80,618,152 297,365 124,976 155,177 67,664 151,117 193,461 340,211 2,892,330 6,054,203 4,511,098 11,779,202 4,654,788 3,744,311 3,847,173 7,497,368 83,510,482 2,304,786 2,089,691 4,867,793 2,257,207 1,964,884 1,537,078 4,198,853 37,143,136 205,484 129,478 556,941 220,101 204,510 138,779 417,662 3,419,725 763,989 774,071 2,678,362 1,355,675 745,010 713,237 1,174,683 18,737,495 3,274,259 2,993,240 8,103,096 3,832,983 2,914,404 2,389,094 5,791,198 59,300,356 2,779,944 1,517,858 3,676,106 821,805 829,907 1,458,079 1,706,170 24,210,126 15,848 17,420 39,676 - 3,837 6,560 7,764 754,268 773 386 24,477 122,893 - 1,093 1,497 295,944 - 567,927 1,190,214 - - - - 4,064,165 6,116 - - - - - 292,386 (1,114,479) (1,772,556) (3,900,445) (885,734) (741,561) (832,403) (981,644) (21,532,198) (31,654) (21,746) (11,361) - - - - (153,398) (1,129,512) (1,202,453) (2,657,439) (762,841) (737,724) (824,750) (972,383) (16,278,833) 1,650,432 315,405 1,018,667 58,964 92,183 633,329 733,787 7,931,293 - - - 2,977,457 - - - 2,977,457 - - - 1,528,480 - - - 1,528,480 91,008 7,590 443,006 - 2,800 1,300 13,120 1,586,630 91,008 7,590 443,006 4,505,937 2,800 1,300 13,120 6,092,567 1,741,440 322,995 1,461,673 4,564,901 94,983 634,629 746,907 14,023,860 2,295,938 2,720,911 16,982,991 23,111,555 (571,886) 355,469 167,917 64,463,081 $ 4,037,378 $ 3,043,906 $ 18,444,664 $27,676,456 $ (476,903) $ 990,098 $ 914,824 $78,486,941 The accompanying notes to financial statements are an integral part of this statement. -47- 9B FLORIDA GOVERNMENTAL UTILITY AUTHORITY STATEMENT OF CASH FLOWS FOR THE YEAR ENDED SEPTEMBER 30,2016 Non-System Golden Gate Lehigh Barefoot Bay Pasco Specific Utility System Utility System Utility System Utility System Cash flows from operating activities Cash received from customers,including customer deposits $ 38,126 $ 7,922,757 $ 14,266,625 $ - $ 19,227,351 Cash received from rental activities - 6,260 8,456 - 130,109 Cash payments for contractual and other services (3,430) (2,935,512) (6,595,283) - (9,878,876) Net cash provided by(used in)operating activities 34,696 4,993,505 7,679,798 - 9,478,584 Cash flows from capital and related financing activities Proceeds from issuance of bonds and loans - 2,271,100 6,705,500 - - Debt issuance costs - (23,410) (65,227) - Principal paid on revenue bond and assessment note maturities - (1,167,059) (22,190,000) (530,000) (2,845,000) Interest paid on revenue bonds and assessment note - (1,593,180) (3,234,153) (538,476) (7,119,712) Build America Bond subsidy receipts on revenue bonds - - - - 2,306,024 Payments to acquire and construct plant property (40,371) (1,495,411) (2,213,333) - (1,190,101) Capital grants 286,270 Impact fees and other capital contributions 4,409 90,758 596,597 - 53,061 Net cash provided by(used in)capital and related financing activities (35,962) (1,917,202) (20,400,616) (1,068,476) (8,509,458) Cash flows from investing activities Proceeds from bond maturities - - - 530,000 - Sales(purchases)of investments - _ 1,719,607 Interest received 548 15,131 25,161 538,476 69,935 Net cash provided by(used in)investing activities 548 15,131 25,161 1,068,476 1,789,542 Net increase(decrease)in cash and cash equivalents (718) 3,091,434 (12,695,657) - 2,758,668 Cash and cash equivalents,beginning of year 457,838 10,063,911 39,309,883 - 20,069,731 Cash and cash equivalents,end of year $ 457,120 $ 13,155,345 $ 26,614,226 $ - $ 22,828,399 Reconciliation of operating income to net cash provided by(used in)operating activities 1 Cash flows from operating activities Operating income $ 52,526 $ 2,927,826 $ 3,173,476 $ - $ 5,266,429 Adjustments to reconcile operating income to net cash provided by operating activities: Miscellaneous nonoperating income - 6,260 8,456 - 130,109 Depreciation and amortization expense 10,757 2,007,727 4,512,803 - 4,001,181 Changes in assets and liabilities Decrease(Increase)in accounts receivable - (65,593) (161,020) - 62,225 Decrease(Increase)in prepaid expenses 11,787 2,787 8,326 - (19,987) Increase(Decrease)in accounts payable and accrued expenses (40,374) 57,153 68,809 - (72,362) Increase(Decrease)in customer deposits payable - 57,345 68,948 - 110,989 Total adjustments (17,830) 2,065,679 4,506,322 - 4,212,155 Net cash provided by(user]in)operating activities $ 34,696 $ 4,993,505 $ 7,679,798 $ - $ 9,478,584 Supplemental schedule of noncash investing,capital,and financing activities Amortization of excess of cost over fair value of acquired assets $ - $ 452,324 $ 264,357 $ - $ 1,835,926 Amortization of deferred loss on refunding - 21,807 - - - Bond discount(premium)amortization - (193,083) (146,051) - 12,804 Plant property contributed by developers - 63,710 82,396 - 136,875 The accompanying notes to financial statements are an integral part of this statement. -48- 1 9B Consolidated Lindrick N.Fort Myers MacDill AFB Lake Aqua Pasco Aqua Unified Aqua Utility Systems Utility System Utility System Utility System Utility System Utility System Utility System Total $ 6,023,948 $ 4,624,548 $ 11,902,470 $ 4,172,359 $ 3,698,940 $ 3,817,773 $ 7,345,450 $ 83,040,347 773 386 24,477 122,893 - 1,093 1,497 295,944 (2,602,818) (2,188,606) (5,551,996) (2,551,088) (2,160,326) (1,746,864) (4,664,239) (40,879,038) 3,421,903 2,436,328 6,374,951 1,744,164 1,538,614 2,072,002 2,682,708 42,457,253 3,145,300 2,094,600 994,500 160,206 32,057 - - 15,403,263 (31,654 - _ (21,746 (220,000) (641,547) (1,230,0 0) (624,521) (360,000) (395,000) (565,000) (30768,127) (1,119,790) (1,791,581) (3,914,530) (903,959) (743,081) (836,225) (1,010,507) (22,805,194) 567,927 1,190,214 - - - - 4,064,165 (544,330) (399,197) (790,961) (5,032,237) (381,701) (410,572) (1,466,835) (13,965,049) 6,116 292,386 55,500 7,590 325,310 4,505,937 2,800 1,300 12,500 5,655,762 1,285,026 (177,838) (3,436,828) (1,894,574) (1,449,925) (1,640,497) (3,029,842) (42,276,192) - - - - - 530,000 375,234 938,085 3,032,926 15,848 17,420 39,676 - 3,837 6,560 7,764 740,356 15,848 392,654 977,761 - 3,837 6,560 7,764 4,303,282 4,722,777 2,651,144 3,915,884 (150,410) 92,526 438,065 (339,370) 4,484,343 9,970,904 5,484,955 9,882,261 5,724,377 2,986,824 4,545,343 6,356,626 114,852,653 $ 14,693,681 $ 8,136,099 $ 13,798,145 $ 5,573,967 $ 3,079,350 $ 4,983,408 $ 6,017,256 $ 119,336,996 $ 2,779,944 $ 1,517,858 $ 3,676,106 $ 821,805 $ 829,907 $ 1,458,079 $ 1,706,170 $ 24,210,126 1 773 386 24,477 122,893 - 1,093 1,497 295,944 763,989 774,071 2,678,362 1,355,675 745,010 713,237 1,174,683 18,737,495 (76,330) 89,195 82,427 (482,929) (91,545) (83,332) (209,070) (935,972) (3,424) (4,221) (21,216) 13,728 (3,644) (9,542) (8,311) (33,717) (89,124) 34,784 (106,046) (87,508) 12,712 (61,465) (39,413) (322,834) 46,075 24,255 40,841 500 46,174 53,932 57,152 506,211 641,959 918,470 2,698,845 922,359 708,707 613,923 976,538 18,247,127 $ 3,421,903 $ 2,436,328 $ 6,374,951 $ 1,744,164 $ 1,538,614 $ 2,072,002 $ 2,682,708 $ 42,457,253 $ 445,782 $ 555,491 $ 584,339 $ - $ 290,383 $ 384,656 $ 44,527 $ 4,857,785 - - - - 21,807 549 - 12,307 - 3,143 1,007 3,577 (305,747) 35,508 - 117,696 - - - (620) 435,565 The accompanying notes to financial statements are an integral part of this statement. -49- 98 FLORIDA GOVERNMENTAL UTILITY AUTHORITY NOTES TO FINANCIAL STATEMENTS SEPTEMBER 30,2016 (1) Summary of Significant Accounting Policies: (a) Reporting entity—The Florida Governmental Utility Authority (the "Authority") was formed as a legal entity and public body pursuant to Chapters 125, 166 and 163, Florida Statutes and an Interlocal Agreement dated February 1, 1999 (the "Interlocal Agreement") initially by and between Brevard County, Lee County, Polk County, and Sarasota County (the "Authority Members"), each a local government located in the State of Florida. The Interlocal Agreement was amended and restated on December 1, 2000, by and between Citrus County, Nassau County, Polk County, and Sarasota County. Sarasota County was a member of the Interlocal Agreement, but withdrew effective August 29, 2002, after assuming ownership of the Authority's assets and liabilities related to the Sarasota Utility System. On January 16, 2003, Osceola County was accepted as a member. Osceola County has since terminated its membership and the Poinciana Utility System assets and liabilities were transferred to the Tohopekaliga Water Authority on April 30, 2007. The Citrus Utility System was transitioned to Citrus County on February 15, 2007. On October 15, 2005 Lee County rejoined the Authority subsequent to the purchase of the Lehigh Acres System. The Town of Dundee joined as a member on June 12, 2007 and subsequently withdrew on January 21, 2010. Hendry County joined as a member on February 21, 2008. Pasco County joined as a member on February 27, 2008. DeSoto County joined as a member on January 13, 2009, and terminated its membership on November 12, 2015. The purpose of the Authority is to enable the Authority Members to make the most efficient use of their common power to acquire, own, improve, operate, and maintain water and wastewater facilities. It is not expected that the Authority will have any employees.All services will be provided on a contractual basis. The Authority has adopted Governmental Accounting Standards Board (GASB) Statement No. 61, The Financial Reporting Entity: Omnibus, for the purpose of evaluating its financial statements. Based on the criteria in Statement No. 61,the Authority has determined that there are no other units that meet the criteria for inclusion in the Authority's financial statements. (b) Measurement focus, basis of accounting, and financial statement presentation—The accounting systems of the Authority are organized on the basis of funds, each of which is considered an accounting entity having a self-balancing set of accounts for recording its assets, deferred outflows, liabilities, deferred inflows, net position, revenues, and expenses. Since the Authority is a special purpose government involved solely in the provision of water and wastewater services to its customers on a fee basis, all funds are accounted for in Proprietary Funds. The focus of proprietary fund measurement is the determination of net income, financial position, and cash flows. The proprietary funds are used to account for operations: (a) that are financed and operated in a manner similar to private business enterprises - where the intent of the governing body is that the costs (expenses, including depreciation) of providing goods or services to the general public on a continuing basis be financed or recovered primarily through user charges; or (b) where the governing body has decided that periodic determination of revenue earned, expenses incurred, and/or net income is appropriate for capital maintenance, public policy, management control, accountability, or other purposes. The Authority operates ten utility systems (Golden Gate, Lehigh Acres, Pasco, Consolidated, Lindrick, North Fort Myers, MacDill AFB, Lake Aqua, Pasco Aqua, Unified Aqua) in ten separate funds. The Authority has one non-system specific fund that handles the administration of the interlocal agreements and also has a fund (Barefoot Bay) that services outstanding bonds from former utility systems the Authority operated years ago. All funds are considered major funds. The Authority utilizes the accrual basis of accounting in accordance with the GASB Codification. - 50 - 9B FLORIDA GOVERNMENTAL UTILITY AUTHORITY NOTES TO FINANCIAL STATEMENTS SEPTEMBER 30,2016 (1) Summary of Significant Accounting Policies: (Continued) (c) Cash and cash equivalents Cash and cash equivalents consists of cash on hand and on deposit in banks and money market accounts. Investments with a maturity of three months or less when purchased are considered to be cash equivalents. (d) Investments—Investments are carried at fair value. (e) Accounts receivable—The Authority's accounts receivable consists of amounts due from consumers. The Utility Systems perform credit evaluations on their consumers and generally require collateral deposits from them. (f) Restricted assets and reserves—Certain assets are required to be segregated from other assets due to various bond indenture agreements. These assets are legally restricted for specific purposes such as debt service, construction, and renewals and replacements. The remaining excess of restricted assets over liabilities is reflected as restricted net position. (g) Property and plant—Property and plant are recorded at cost less accumulated depreciation, except contributed assets which are recorded at fair value on the date of contribution. Expenditures of$5,000 or more are capitalized. Construction period interest cost, net of interest earned on the unexpended proceeds of tax-exempt borrowings, is capitalized as part of the asset cost. Depreciation, on a straight-line basis, is charged over estimated useful lives ranging from 5 to 35 years. (h) Intangibles—The excess cost over fair value of acquired assets is being amortized, on a straight-line basis, over the approximate life of the related assets purchased, ranging from 20 to 30 years. The right-of-use capacity agreement for the Lindrick Utility System has an indefinite life. (i) Bond discounts and premiums—Bond discounts and premiums are deferred and amortized over the term of the bonds using the effective interest method. (j) Revenue recognition—Operating revenue consists primarily of charges for services, which are billed to customers for water, wastewater, and reclaimed water service. Billings are included in revenue as meters are read on a cycle basis throughout each month. Unbilled revenues are accrued based on estimated consumption of the most recent billing. For the MacDill AFB system, all water and wastewater revenues are earned based on the terms set forth in a formal agreement between the Authority and the Federal government. (k) Net position flow assumption—Sometimes the Authority will fund outlays for a particular purpose from both restricted and unrestricted resources. In order to determine amounts reported as restricted and unrestricted net position, it is the Authority's policy to consider restricted net position to have been used before unrestricted net position is applied. - 51 - FLORIDA GOVERNMENTAL UTILITY AUTHORITY B NOTES TO FINANCIAL STATEMENTS SEPTEMBER 30,2016 (1) Summary of Significant Accounting Policies: (Continued) (1) Capital grants, contributions, and impact fees—Impact fees are imposed by the Utility Systems to acquire, construct, equip, or expand the capacity of the water and/or wastewater facilities in order to serve new users of the facilities and new development within the service area of the Utility Systems. Impact fees revenue is recognized when the related connection services are performed. Capital contributions represent contributions of certain water distribution and wastewater collection systems. Such contributions are recognized as revenue in the period they are received. The recoverable portion of system purchase price is earned in the MacDill AFB System based on the terms set forth in the agreement with the Federal government. Capital grants represent funding from state and Federal agencies to support capital asset construction. (m) Operating and nonoperating revenues and expenses Operating revenues and expenses generally result from providing services and producing and delivering goods in connection with principal ongoing operations. The Authority's principal operating revenues are charges for water and sewer services. Operating expenses include the costs to maintain and repair the water and sewer treatment plants, administrative expenses, and depreciation on capital assets. All revenues and expenses not meeting this definition are reported as nonoperating revenues and expenses. (n) Deferred outflows/inflows of resources—In addition to assets, the statement of financial position will, if required, report a separate section for deferred outflows of resources. This separate financial statement element, deferred outflows of resources, represents a consumption of net position that applies to a future period(s) and so will not be recognized as an outflow of resources (expense/expenditure) until then. It is the deferred loss on refunding. A deferred loss on refunding results from the difference in the canying value of refunded debt and its reacquisition price. This amount is deferred and amortized over the shorter of the life of the refunded or refunding debt. In addition to liabilities,the statement of financial position will, if required, report a separate section for deferred inflows of resources. This separate financial statement element, deferred inflows of resources, represents an acquisition of net position that applies to future period(s) and so will not be recognized as an inflow of resources (revenue) until that time. The Authority has no items that qualify for reporting in this category. (o) Use of estimates—The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amount of assets, liabilities, and changes therein, and disclosure of contingent assets and liabilities.Actual results could differ from those estimates. (p) Risk management—The Authority participates in various insurance programs for property and casualty losses. Coverage includes property, general liability, and public officials insurance. Environmental impairment insurance for potential spills is maintained with a third party insurance carrier. Settled claims have not exceeded insurance coverage during the last three fiscal years. - 52- FLORIDA GOVERNMENTAL UTILITY AUTHORITY 9 6 NOTES TO FINANCIAL STATEMENTS SEPTEMBER 30,2016 (2) Purchase and Transition of Utility Systems: In recent years, the Authority has periodically engaged in acquiring new utility systems, most recently acquiring the Lake Aqua,Pasco Aqua, and Unified Aqua systems in fiscal year 2013. No such acquisitions or transitions occurred during the year ended September 30,2016. (3) Sale of Utility Systems: (a) Barefoot Bay utility system Effective February 2, 2000, Barefoot Bay Water and Sewer District (the "District"), a component unit of Brevard County, Florida, acquired all the assets and assumed all operating liabilities of the Barefoot Bay Utility System at net book value. This transaction resulted in a gain of approximately $250,000, equal to the accumulated deficit of the Barefoot Bay Utility System at the sale date. In payment for the Barefoot Bay Utility System, the District issued Barefoot Bay Water and Sewer District Utility Revenue Bonds Series 2000 (the "Series 2000 Bonds") in the amount of$17,135,000. The respective interest rates and maturities of the Series 2000 Bonds are identical to the Florida Governmental Utility Authority Utility System Revenue Bonds (Barefoot Bay Utility System), Series 1999 Bonds issued at the acquisition of the Barefoot Bay Utility System by the Authority and which remain outstanding. The trust estate as defined in the Series 2000 Bonds trust indenture secures the Series 2000 Bonds. This trust estate has replaced the net revenues of the Barefoot Bay Utility System as the pledged revenue source securing the Series 1999 Bonds. The Series 2000 Bonds are included in restricted assets in the combined Statement of Net Position of the Authority. - 53 - 98 FLORIDA GOVERNMENTAL UTILITY AUTHORITY NOTES TO FINANCIAL STATEMENTS SEPTEMBER 30,2016 (4) Deposits and Investments: (a) Deposits—At September 30, 2016, the Authority held cash on deposit with various financial institutions. In addition to insurance provided by the Federal Depository Insurance Corporation, deposits are held in banking institutions approved by the State Treasurer of the State of Florida to hold public funds. Under Florida Statutes Chapter 280,Florida Security for Public Deposits Act,the State Treasurer requires all Florida qualified public depositories to deposit with the Treasurer or another banking institution eligible collateral. In the event of failure of a qualified public depository, the remaining public depositories would be responsible for covering any resulting losses. The Authority's deposits at year end are considered insured for custodial credit risk purposes. (b) Investments—The Authority measures and records its investments using fair value measurement guidelines established by GASB Statement No. 72. These guidelines recognize a three-tiered fair value hierarchy, as follows: Level 1: Quoted prices for identical investments in active markets; Level 2: Observable inputs other than quoted market prices; and, Level 3: Unobservable inputs. At September 30, 2016, the Authority's investments consisted of the following, all of which were valued using Level 2 inputs from the above hierarchy: Credit Quality Types of Investments Maturities (Moody's) Fair Value Municipal bonds receivable 14.00 N/A $ 10,960,000 Municipal bonds 2.79 Aa3 3,434,077 Total investments $ 14,394,077 (c) Custodial credit risk For an investment, custodial credit is the risk that, in the event of the failure of the counterparty, the Authority will not be able to recover the value of its investments or collateral securities that are in the possession of an outside party. In order to manage the custodial credit risk, the Authority's investment policy specifies certain requirements to pre-qualify financial institutions and brokers/dealers and an annual review of the institutions used. (d) Credit risk—Credit risk is the risk that an issuer or other counter party to an investment will not fulfill its obligations. The Authority does have a formal investment policy that limits its investments to high quality investments to control credit risk, which requires diversification of investments, limited investments in securities with higher credit risks, investing in securities with varying maturities, and continuously investing a portion of the portfolio in readily available funds such as local government investment pools or money market funds. In addition, Certificates of deposit and other evidences of deposit at qualified depositories, bankers' acceptances, and commercial paper, rated in the highest tier (e.g., A-I, P-I, F-I or D-1 or higher) by a nationally recognized rating agency. The municipal bonds receivable and money market mutual funds do not have credit quality ratings. The municipal bonds receivable are insured by a financial guaranty insurance policy. (e) Interest rate risk—Interest rate risk is the risk that changes in interest rates will adversely affect the fair value of an investment. The Authority has a formal investment policy that, except for special situations, limits investment maturities to instruments maturing within three years from purchase as a means of managing exposure to fair value losses arising from increasing interest rates. At September 30,2016,the Plan's municipal bonds had a weighted average duration of 2.79 years. - 54 - FLORIDA GOVERNMENTAL UTILITY AUTHORITY 9 B NOTES TO FINANCIAL STATEMENTS SEPTEMBER 30,2016 (5) Accounts Receivable: Receivables at September 30, 2016, consist of the following: Golden Gate Lehigh Pasco Non-System Utility Utility Utility Specific System System System Billed customer receivables $ - $ 727,116 $ 1,672,678 $ 1,785,909 Unbilled customer receivables - 570,105 1,001,025 949,500 Special assessments- current - - 45,370 - Other receivables - - 35,902 13,605 Gross accounts receivable - 1,297,221 2,754,975 2,749,014 Less: Allowance for uncollectables - (130,943) (461,160) (351,014) Net total receivables $ - $ 1,166,278 $ 2,293,815 $ 2,398,000 Consolidated Lindrick N. Ft.Myers MacDill Utility Utility Utility AFB Utility System System System System Billed customer receivables $ 489,095 $ 378,429 $ 542,023 $ 1,826,861 Unbilled customer receivables 446,708 292,936 776,093 - Special assessments - current - - - - Other receivables - 1,738 2,016 19,383 Gross accounts receivable 935,803 673,103 1,320,132 1,846,244 Less: Allowance for uncollectables (181,010) (125,971) (81,507) - Net total receivables $ 754,793 $ 547,132 $ 1,238,625 $ 1,846,244 Lake Aqua Pasco Aqua Unified Aqua Utility Utility Utility System System System Total Billed customer receivables $ 393,725 $ 451,125 $ 810,329 $ 9,077,290 Unbilled customer receivables 167,008 245,529 403,547 4,852,451 Special assessments-current - - - 45,370 Other receivables 5,130 264 4,452 82,490 Gross accounts receivable 565,863 696,918 1,218,328 14,057,601 Less: Allowance for uncollectables (79,921) (153,590) (170,679) (1,735,795) Net total receivables $ 485,942 $ 543,328 $ 1,047,649 $ 12,321,806 - 55 - B FLORIDA GOVERNMENTAL UTILITY AUTHORITY NOTES TO FINANCIAL STATEMENTS SEPTEMBER 30,2016 (6) Capital Assets: Changes in the Authority's capital assets for the year ended September 30,2016, were as follows: Balance Balance October 1, September 30, 2015 Increases Decreases 2016 Capital assets not being depreciated: Land $ 7,399,827 $ 320 $ - $ 7,400,147 Construction in progress 14,318,516 12,981,552 (21,201,636) 6,098,432 Total capital assets not being depreciated 21,718,343 12,981,872 (21,201,636) 13,498,579 Capital assets being depreciated: Utility plants 352,426,750 21,838,701 (52,416) 374,213,035 Accumulated depreciation (96,981,493) (13,879,710) 52,416 (110,808,787) Total capital assets being depreciated,net 255,445,257 7,958,991 - 263,404,248 Capital Assets,net $ 277,163,600 $ 20,940,863 $ (21,201,636) $ 276,902,827 Excess of cost over fair value of acquired assets $ 143,089,977 $ - $ - $ 143,089,977 Accumulated amortization (32,228,197) (4,857,785) - (37,085,982) Excess of cost over fair value of acquired assets,net 110,861,780 (4,857,785) - 106,003,995 Right of use intangible 3,273,200 - - 3,273,200 Intangible Assets,net $ 114,134,980 $ (4,857,785) $ - $ 109,277,195 Total interest expense incurred by the Authority during the current fiscal year was $22,216,770. Of this amount, $92,479 was capitalized and included as part of the cost of construction in progress. (7) Bonds and Notes Payable: (a) Revenue bonds and notes payable at September 30, 2016,are comprised of the following: Golden Gate Utility System $12,605,000 Series 2015 Serial Bonds, interest due semi-annually on January 1 and July 1 commencing July 1, 2015, principal payments due annually July 1, 2030 through 2035; interest rates ranging from 3.25%to 4.00%; secured by pledged water and wastewater revenues $ 12,605,000 $17,095,000 Series 2012 Serial Bonds, interest due semi-annually on January 1 and July 1 commencing July 1, 2013, principal payments due annually July 1, 2013 through 2029; interest rates ranging from 2.00%to 5.00%; secured by pledged water and wastewater revenues 13,885,000 $3,180,000 3.125% Series 2012 Term Bonds interest due semi-annually on January 1 and July 1 commencing July 1, 2013, principal payments due annually July 1, 2025 through 2029; secured by pledged water and wastewater revenues 3,180,000 $6,315,000 5.50% Series 2010 Term Bonds interest due semi-annually on January 1 and July 1 commencing July 1, 2011, principal payments due annually July 1, 2036 through 2040; secured by pledged water and wastewater revenues 6,315,000 - 56- 9B FLORIDA GOVERNMENTAL UTILITY AUTHORITY NOTES TO FINANCIAL STATEMENTS SEPTEMBER 30,2016 (7) Bonds and Notes Payable: (Continued) $1,546,461 Loan Agreement CS12090902P—The Golden Gate Utility System was approved for preconstruction and construction loans by the Florida Department of Environmental Protection under the Clean Water State Revolving Loan Fund Program in the amount of$1,546,461 at an interest rate of 2.96%. The funds were used for wastewater system improvements. According to the loan agreement, 40 semi-annual payments of principal and interest are due beginning on October 15, 2004, currently in the amount of$52,237; secured by pledged water and wastewater revenues. This loan is junior and subordinate in all regards in right of payment and security to the Golden Gate Utility System Series 2015, Series 2010, and Series 2012 Bonds $ 739,328 $1,855,921 Loan Agreement DW1127010—The Golden Gate Utility System was approved for a construction loan by the Florida Department of Environmental Protection under the Drinking Water State Revolving Loan Fund Program in the amount of $1,395,175 at an interest rate of 2.86%. Amendment 1 to the loan increased the loan amount to $1,855,921 at an average interest rate of 2.85%. The funds were used for system improvements. According to the loan agreement, 40 semi-annual payments of principal and interest are due beginning on February 15, 2005, currently in the amount of$61,648; secured by pledged water and wastewater revenues. This loan is junior and subordinate in all regards in right of payment and security to the Golden Gate Utility System Series 2015, Series 2010, and Series 2012 Bonds 876,555 $2,271,100 Loan Agreement with SunTrust Equipment Finance & Leasing Corp. — The Golden Gate Utility System was approved for a preconstruction and construction loan with SunTrust Equipment Finance& Leasing Corp. in the amount of$2,271,100 at an interest rate of 2.30%. The funds are used pursuant to a Guaranteed Energy, Water and Wastewater Performance Savings Contract with Siemens for system improvements. According to the loan agreement, monthly payments of interest only are due August 25, 2016 and monthly payments of principal and interest are due beginning on August 25, 2017 through 2032. This loan is junior and subordinate in all regards in right of payment and security to the Golden Gate Utility System 2,271,100 Lehigh Acres Utility System $16,480,000 Series 2014 Serial Bonds, interest due semi-annually on April 1 and October 1 commencing April 1, 2015, principal payments due annually October 1, 2016 through 2032; interest rates ranging from 2.00% to 5.00%; secured by pledged water and wastewater revenues 16,480,000 $4,145,000 3.625%Series 2014 Term Bonds, interest due semi-annually on April 1 and October 1 commencing April 1, 2015, mandatory redemption of principal payments due annually October 1, 2033 through 2035; secured by pledged water and wastewater revenues 4,145,000 $20,465,000 Series 2012 Serial Bonds, interest due semi-annually on April 1 and October 1 commencing April 1, 2013, principal payments due annually October 1, 2015 through 2028; interest rates ranging from 2.75% to 5.00%; secured by pledged water and wastewater revenues 19,365,000 $10,615,000 5.00% Series 2012 Term Bonds interest due semi-annually on April 1 and October 1 commencing April 1, 2013, principal payments due annually October 1, 2029 through 2033; secured by pledged water and wastewater revenues 10,615,000 - 57 - 9B FLORIDA GOVERNMENTAL UTILITY AUTHORITY NOTES TO FINANCIAL STATEMENTS SEPTEMBER 30,2016 (7) Bonds and Notes Payable: (Continued) $12,535,000 5.25% Series 2010 Term Bonds interest due semi-annually on April 1 and October 1 commencing April 1, 2011, principal payments due annually October 1, 2034 through 2040; secured by pledged water and wastewater revenues $ 12,535,000 $6,705,500 Loan Agreement with SunTrust Equipment Finance & Leasing Corp. — The Lehigh Acres Utility System was approved for a preconstruction and construction loan with SunTrust Equipment Finance & Leasing Corp. in the amount of $6,705,500 at an interest rate of 2.30%. The funds are used pursuant to a Guaranteed Energy, Water and Wastewater Performance Savings Contract with Siemens for system improvements. According to the loan agreement, monthly payments of interest only are due August 25, 2016 and monthly payments of principal and interest are due beginning on August 25, 2017 through 2032. This loan is junior and subordinate in all regards in right of payment and security to the Lehigh Acres Utility System 6,705,500 Barefoot Bay Utility System $3,715,000 5.25% Series 1999 Term Bonds due October 1, 2018, subject to mandatory sinking fund requirements in varying annual principal amounts beginning October 1, 2012; secured by matching bond receivable with identical terms 1,755,000 $9,205,000 5.00% Series 1999 Term Bonds due October 1, 2029, subject to mandatory sinking fund requirements in varying annual principal amounts beginning October 1, 2019; secured by matching bond receivable with identical terms 9,205,000 Pasco Utility System $20,920,000 Series 2010B Serial Bonds interest due semi-annually on April 1 and October 1 commencing April 1, 2011, principal payments due annually October 1, 2013 through 2020; interest at rates ranging from 2.746% to 5.022%; secured by pledged water and wastewater revenues 15,385,000 $18,150,000 5.72% Series 2010B Term Bonds interest due semi-annually on April 1 and October 1 commencing April 1, 2011, principal payments due annually October 1,2021 through 2025; secured by pledged water and wastewater revenues 18,150,000 $21,955,000 6.348% Series 2010B Term Bonds interest due semi-annually on April 1 and October 1 commencing April 1, 2011, principal payments due annually October 1, 2026 through 2030;secured by pledged water and wastewater revenues 21,955,000 $60,120,000 6.548% Series 2010B Term Bonds interest due semi-annually on April 1 and October 1 commencing April 1, 2011, principal payments due annually October 1, 2031 through 2040; secured by pledged water and wastewater revenues 60,120,000 Consolidated Utility System $1,815,000 Series 2012A Serial Bonds, interest due semi-annually on April 1 and October 1 commencing October 1, 2012, principal payments due annually October 1, 2013 through 2025; interest at rates ranging from 2.00% to 3.75%; secured by pledged water and wastewater revenues 1,695,000 $6,995,000 4.00% Series 2012A Term Bonds, interest due semi-annually on April 1 and October 1 commencing October 1, 2012, principal payments due annually October 1, 2026 through 2032; secured by pledged water and wastewater revenues 6,995,000 - 58- 9B FLORIDA GOVERNMENTAL UTILITY AUTHORITY NOTES TO FINANCIAL STATEMENTS SEPTEMBER 30,2016 (7) Bonds and Notes Payable: (Continued) $4,250,000 5.00% Series 2012A Term Bonds, interest due semi-annually on April 1 and October 1 commencing October 1, 2012, principal payments due annually October 1, 2033 through 2037; secured by pledged water and wastewater revenues $ 4,250,000 $4,000,000 5.00% Series 2012A Term Bonds, interest due semi-annually on April 1 and October 1 commencing October 1, 2012, principal payments due annually October 1, 2038 through 2042; secured by pledged water and wastewater revenues 4,000,000 $3,580,000 4.25% Series 2012A Term Bonds, interest due semi-annually on April 1 and October 1 commencing October 1, 2012, principal payments due annually October 1, 2038 through 2042; secured by pledged water and wastewater revenues 3,580,000 $705,000 Series 2012B Serial Bonds, interest due semi-annually on April 1 and October 1 commencing October 1, 2012, principal payments due annually October 1, 2013 through 2016; interest at rates ranging from 2.00% to 2.80%; secured by pledged water and wastewater revenues 165,000 $5,000,000 4.00% Series 2012 Subordinate Bond, interest due semi-annually on June 1 and December 1 commencing December 1, 2012, principal payments of$1,000,000 due annually June 1, 2020 through 2024; seller-financed agreement is secured by pledged water and wastewater revenues 5,000,000 \$3,145,300 Loan Agreement with SunTrust Equipment Finance & Leasing Corp. - The Consolidated Utility System was approved for a preconstruction and construction loan with SunTrust Equipment Finance & Leasing Corp. in the amount of $3,145,300 at an interest rate of 2.30%. The funds are used pursuant to a Guaranteed Energy, Water and Wastewater Performance Savings Contract with Siemens for system improvements. According to the loan agreement, monthly payments of interest only are due August 25, 2016 and monthly payments of principal and interest are due beginning on August 25, 2017 through 2032. This loan is junior and subordinate in all regards in right of payment and security to the Consolidated Utility System 3,145,300 Lindrick Utility System $1,729,413 Bulk Wastewater Treatment Agreement in form of capital lease with the City of New Port Richey as amended effective October 1, 2012, due in monthly installments of$16,107 through October 1, 2022, comprised of principal and interest at a rate of 2.25% 1,097,951 $4,585,000 6.641% Series 2010 Term Bonds interest due semi-annually on April 1 and October 1 commencing October 1, 2010, principal payments due annually October 1, 2011 through 2020; secured by pledged water and wastewater revenues 2,715,000 $3,375,000 7.141% Series 2010 Term Bonds interest due semi-annually on April 1 and October 1 commencing October 1, 2010, principal payments due annually October 1, 2021 through 2025; secured by pledged water and wastewater revenues 3,375,000 $4,255,000 7.630% Series 2010 Term Bonds interest due semi-annually on April 1 and October 1 commencing October 1, 2010, principal payments due annually October 1, 2026 through 2030; secured by pledged water and wastewater revenues 4,255,000 - 59- 9B FLORIDA GOVERNMENTAL UTILITY AUTHORITY NOTES TO FINANCIAL STATEMENTS SEPTEMBER 30,2016 (7) Bonds and Notes Payable: (Continued) $5,445,000 7.880% Series 2010 Term Bonds interest due semi-annually on April 1 and October 1 commencing October 1, 2010, principal payments due annually October 1, 2031 through 2035; secured by pledged water and wastewater revenues $ 5,445,000 $7,005,000 8.080% Series 2010 Term Bonds interest due semi-annually on April 1 and October 1 commencing October 1, 2010, principal payments due annually October 1, 2036 through 2040; secured by pledged water and wastewater revenues 7,005,000 $2,094,600 Loan Agreement with SunTrust Equipment Finance & Leasing Corp. — The Lindrick Utility System was approved for a preconstruction and construction loan with SunTrust Equipment Finance&Leasing Corp. in the amount of$2,094,600 at an interest rate of 2.30%. The funds are used pursuant to a Guaranteed Energy, Water and Wastewater Performance Savings Contract with Siemens for system improvements. According to the loan agreement, monthly payments of interest only are due August 25, 2016 and monthly payments of principal and interest are due beginning on August 25, 2017 through 2032. This loan is junior and subordinate in all regards in right of payment and security to the Lindrick Utility System 2,094,600 North Fort Myers Utility System $9,965,000 Series 2010A Serial Bonds interest due semi-annually on April 1 and October 1 commencing October 1, 2010, principal payments due annually October 1, 2013 through 2020; interest at rates ranging from 2.50% to 3.75%; secured by pledged water and wastewater revenues 7,125,000 $9,175,000 6.584% Series 2010B Term Bonds interest due semi-annually on April 1 and October 1 commencing October 1, 2010, principal payments due annually October 1,2021 through 2025; secured by pledged water and wastewater revenues 9,175,000 $11,365,000 6.884% Series 2010B Term Bonds interest due semi-annually on April 1 and October 1 commencing October 1, 2010, principal payments due annually October 1,2026 through 2030; secured by pledged water and wastewater revenues 11,365,000 $31,935,000 7.084% Series 2010B Term Bonds interest due semi-annually on April 1 and October 1 commencing October 1, 2010, principal payments due annually October 1,2031 through 2040; secured by pledged water and wastewater revenues 31,935,000 $994,500 Loan Agreement with SunTrust Equipment Finance & Leasing Corp.—The North Fort Myers Utility System was approved for a preconstruction and construction loan with SunTrust Equipment Finance & Leasing Corp. in the amount of$994,500 at an interest rate of 2.30%. The funds are used pursuant to a Guaranteed Energy, Water and Wastewater Performance Savings Contract with Siemens for system improvements. According to the loan agreement, monthly payments of interest only are due August 25, 2016 and monthly payments of principal and interest are due beginning on August 25, 2017 through 2032. This loan is junior and subordinate in all regards in right of payment and security to the North Fort Myers Utility System 994,500 MacDill AFB Utility System $17,715,314 6.00% seller-financed purchase price liability due in monthly installments of$128,284,recorded as offset against utility service charges,March 1, 2011 through February 1, 2031; secured by utility plant, infrastructure, and equipment 14,830,665 -60 - 9B FLORIDA GOVERNMENTAL UTILITY AUTHORITY NOTES TO FINANCIAL STATEMENTS SEPTEMBER 30,2016 (7) Bonds and Notes Payable: (Continued) Lake Aqua Utility System $3,310,000 Series 2013A Serial Bonds interest due semi-annually on April 1 and October 1 commencing October 1 2013, principal payments due annually October 1, 2014 through 2023; interest at rates ranging from 2.00% to 3.375%; secured by pledged water and wastewater revenues $ 2,995,000 $5,525,000 4.25%Series 2013A Term Bonds interest due semi-annually on April 1 and October 1 commencing October 1, 2013, principal payments due annually October 1, 2024 through 2033; secured by pledged water and wastewater revenues 5,525,000 $5,615,000 5.00%Series 2013A Term Bonds interest due semi-annually on April 1 and October 1 commencing October 1, 2013, principal payments due annually October 1, 2034 through 2040; secured by pledged water and wastewater revenues 5,615,000 $3,045,000 4.50%Series 2013A Term Bonds interest due semi-annually on April 1 and October 1 commencing October 1, 2013, principal payments due annually October 1, 2041 through 2043; secured by pledged water and wastewater revenues 3,045,000 $595,000 2.35% Series 2013B Serial Bonds interest due semi-annually on April 1 and October 1 commencing October 1 2013, principal payments due annually October 1, 2014 through 2016; secured by pledged water and wastewater revenues 200,000 $35,000 Loan Agreement WW011200-The Lake Aqua Utility System was approved for preconstruction and construction loans by the Florida Department of Environmental Protection under the Clean Water State Revolving Loan Fund Program in the amount of $35,000 at an interest rate of 1.50%. The funds were used for wastewater system improvements. According to the loan agreement, 40 semi-annual payments of principal and interest are due beginning on July 15, 2018, currently in the amount of$1,048; secured by pledged water and wastewater revenues. This loan is junior and subordinate in all regards in right of payment and security to the Lake Aqua Utility System Series 2013 Bonds 32,057 Pasco Aqua Utility System $3,860,000 Series 2013A Serial Bonds interest due semi-annually on April 1 and October 1 commencing October 1, 2013, principal payments due annually October 1, 2014 through 2023; interest at rates ranging from 2.00%to 3.50%; secured by pledged water and wastewater revenues 3,385,000 $6,165,000 4.25%Series 2013A Term Bonds interest due semi-annually on April 1 and October 1 commencing October 1, 2013, principal payments due annually October 1, 2024 through 2033; secured by pledged water and wastewater revenues 6,165,000 $6,260,000 5.00%Series 2013A Term Bonds interest due semi-annually on April 1 and October 1 commencing October 1, 2013, principal payments due annually October 1, 2034 through 2040; secured by pledged water and wastewater revenues 6,260,000 $3,390,000 4.50%Series 2013A Term Bonds interest due semi-annually on April 1 and October 1 commencing October 1, 2013, principal payments due annually October 1, 2041 through 2043; secured by pledged water and wastewater revenues 3,390,000 $465,000 2.40% Series 2013B Serial Bonds interest due semi-annually on April 1 and October 1 commencing October 1 2013, principal payments due annually October 1, 2014 to October 1,2016; secured by pledged water and wastewater revenues 160,000 - 61 - 9B FLORIDA GOVERNMENTAL UTILITY AUTHORITY NOTES TO FINANCIAL STATEMENTS SEPTEMBER 30,2016 (7) Bonds and Notes Payable: (Continued) Unified Aqua Utility System $6,370,000 Series 2013A Serial Bonds interest due semi-annually on April 1 and October 1 commencing October 1 2013, principal payments due annually October 1, 2014 through 2025; interest at rates ranging from 2.00%to 4.00%; secured by pledged water and wastewater revenues $ 6,080,000 $2,390,000 3.75%Series 2013A Term Bonds interest due semi-annually on April 1 and October 1 commencing October 1, 2013,principal payments due annually October 1, 2026 through 2028; secured by pledged water and wastewater revenues 2,390,000 $4,640,000 4.00% Series 2013A Term Bonds interest due semi-annually on April 1 and October 1 commencing October 1, 2013, principal payments due annually October 1, 2029 through 2033; secured by pledged water and wastewater revenues 4,640,000 $12,665,000 4.25% Series 2013A Term Bonds interest due semi-annually on April 1 and October 1 commencing October 1, 2013, principal payments due annually October 1,2034 through 2043; secured by pledged water and wastewater revenues 12,665,000 $1,260,000 2.00% Series 2013B Serial Bonds interest due semi-annually on April 1 and October 1 commencing October 1 2013, principal payments due annually October 1, 2014 through 2016; secured by pledged water and wastewater revenues 430,000 Bonds and notes payable at September 30,2016 429,507,556 Add: unamortized bond premiums,net of unamortized bond discounts 3,832,719 Less: current portion of bonds and notes payable (10,793,496) Long-term bonds and notes payable at September 30,2016, net $422,546,779 For the above debt instruments secured by pledged water and wastewater revenues, amounts pledged consist of the respective system's operating revenues for the course of the long-term debt payments. The debt instruments were issued to purchase the utility systems and to fund various capital improvements. The amounts and terms of the commitments are clearly stated in the detailed descriptions above for each debt instrument. - 62 - 9B FLORIDA GOVERNMENTAL UTILITY AUTHORITY NOTES TO FINANCIAL STATEMENTS SEPTEMBER 30,2016 (7) Bonds and Notes Payable: (Continued) Below is a table comparing the current year's pledged revenue (including revenue from the sale of water and wastewater, meter tapping, service charges, miscellaneous operating revenue, and any amounts contributed from capitalized interest and rate stabilization accounts) to the current year's principal and interest (net of Build America Bond subsidies received) required debt service. Further details may be found in the Pledged Revenue Coverage tables in the Statistical Section. Water, Wastewater and Other Debt Service Name of System Revenue Principal Interest Golden Gate $ 7,902,396 $ 1,167,059 $ 1,584,474 Lehigh Acres 14,342,314 1,880,000 2,718,738 Pasco 19,254,181 2,910,000 4,763,331 Consolidated 5,870,824 615,000 1,105,108 Lindrick 4,528,904 500,000 1,173,112 North Fort Myers 11,743,355 1,290,000 2,702,054 Lake Aqua 3,748,148 365,000 739,132 Pasco Aqua 3,854,826 405,000 831,968 Unified Aqua 7,506,629 575,000 1,004,857 Totals $ 78,751,577 $ 9,707,059 $ 16,622,774 (b) Changes in bonds and notes payable—Activity in bonds and notes payable for the year ended September 30, 2016, was as follows: Beginning Ending Due Within Balance Additions Reductions Balance One Year Secured by pledged water and wastewater revenues Bonds $ 410,030,000 $ - $ (29,270,000) $ 380,760,000 $ 9,175,000 Seller-Financed Notes 5,000,000 - - 5,000,000 - State Revolving Loans 1,792,943 32,057 (177,059) 1,647,940 182,230 Subtotal Debt Secured by Pledged Water& Wastewater Revenues $ 416,822,943 $ 32,057 $ (29,447,059) $ 387,407,940 $ 9,357,230 Secured by other(county bonds,assets) Bonds 11,490,000 - (530,000) 10,960,000 555,000 Capital Leases 1,264,498 - (166,547) 1,097,951 170,333 Seller-Financed Notes 15,294,981 160,206 (624,521) 14,830,667 667,733 Notes Payable - 15,211,000 - 15,211,000 43,200 Subtotal other debt 28,049,479 15,371,206 (1,321,068) 42,099,618 1,436,266 $ 444,872,422 $ 15,403,263 $ (30,768,127) $ 429,507,558 $ 10,793,496 - 63 - 9B FLORIDA GOVERNMENTAL UTILITY AUTHORITY NOTES TO FINANCIAL STATEMENTS SEPTEMBER 30,2016 (7) Bonds and Notes Payable: (Continued) (c) Debt service requirements to maturity are as follows at September 30, 2016: Barefoot Bay Utility System Total Debt September 30 Principal Interest Service 2017 $ 555,000 $ 552,387 1,107,387 2018 585,000 523,250 1,108,250 2019 615,000 492,537 1,107,537 2020 650,000 460,250 1,110,250 2021 680,000 427,750 1,107,750 2022—2026 3,950,000 1,593,000 5,543,000 2027—2030 3,925,000 502,750 4,427,750 Totals $ 10,960,000 $ 4,551,924 $ 15,511,924 Golden Gate Utility System Total Debt September 30 Principal Interest Service 2017 $ 1,213,230 $ 1,591,934 $ 2,805,164 2018 1,296,552 1,545,097 2,841,649 2019 1,360,429 1,495,728 2,856,157 2020 1,437,566 1,433,097 2,870,663 2021 1,480,968 1,402,110 2,883,078 2022—2026 8,126,938 6,028,415 14,155,353 2027—2031 9,698,100 4,610,769 14,308,869 2032—2036 10,073,200 2,695,732 12,768,932 2037—2040 5,185,000 731,775 5,916,775 Totals $ 39,871,983 $ 21,534,657 $ 61,406,640 Lehigh Utility System Total Debt September 30 Principal Interest Service 2017 $ 1,900,000 $ 2,872,946 $ 4,772,946 2018 2,074,800 2,803,367 4,878,167 2019 2,193,900 2,722,055 4,915,955 2020 2,309,000 2,652,578 4,961,578 2021 2,426,400 2,579,478 5,005,878 2022—2026 14,338,900 11,226,463 25,565,363 2027—2031 18,144,400 8,343,462 26,487,862 2032—2036 14,868,100 4,704,000 19,572,100 2037—2041 11,590,000 1,887,376 13,477,376 Totals $ 69,845,500 $ 39,791,725 $ 109,637,225 -64- 9B FLORIDA GOVERNMENTAL UTILITY AUTHORITY NOTES TO FINANCIAL STATEMENTS SEPTEMBER 30,2016 (7) Bonds and Notes Payable: (Continued) Pasco Utility System Total Debt September 30 Principal Interest Service 2017 $ 2,910,000 $ 7,069,355 $ 9,979,355 2018 2,985,000 6,953,886 9,938,886 2019 3,070,000 6,824,994 9,894,994 2020 3,160,000 6,684,633 9,844,633 2021 3,260,000 6,532,258 9,792,258 2022—2026 18,150,000 29,842,135 47,992,135 2027—2031 21,955,000 23,976,441 45,931,441 2032—2036 26,940,000 16,301,574 43,241,574 2037—2041 33,180,000 6,698,603 39,878,603 Totals $ 115,610,000 $110,883,879 $ 226,493,879 Consolidated Utility System Total Debt September 30 Principal Interest Service 2017 $ 235,600 $ 1,177,440 $ 1,413,040 2018 157,400 1,170,710 1,328,110 2019 183,100 1,166,912 1,350,012 2020 1,207,300 1,162,314 2,369,614 2021 1,174,500 1,116,865 2,291,365 2022—2026 5,168,000 4,920,921 10,088,921 2027—2031 6,337,300 3,990,197 10,327,497 2032—2036 4,922,100 2,845,363 7,767,463 2037—2041 6,195,000 1,707,475 7,902,475 2042—2043 3,250,000 228,475 3,478,475 Totals $ 28,830,300 $ 19,486,672 $ 48,316,972 Lindrick Utility System Total Debt September 30 Principal Interest Service 2017 $ 672,733 $ 1,812,166 $ 2,484,899 2018 712,005 1,774,881 2,486,886 2019 756,966 1,735,755 2,492,721 2020 804,916 1,694,756 2,499,672 2021 855,358 1,651,541 2,506,899 2022—2026 4,215,973 7,533,117 11,749,090 2027—2031 5,519,600 6,058,906 11,578,506 2032—2036 5,445,000 4,159,376 9,604,376 2037—2041 7,005,000 1,756,188 8,761,188 Totals $ 25,987,551 $ 28,176,686 $ 54,164,237 - 65 - 9B FLORIDA GOVERNMENTAL UTILITY AUTHORITY NOTES TO FINANCIAL STATEMENTS SEPTEMBER 30,2016 (7) Bonds and Notes Payable: (Continued) North Fort Myers Utility System Total Debt September 30 Principal Interest Service 2017 $ 1,294,200 $ 3,915,137 $ 5,209,337 2018 1,382,400 3,876,066 5,258,466 2019 1,453,400 3,831,334 5,284,734 2020 1,534,400 3,782,578 5,316,978 2021 1,610,500 3,727,415 5,337,915 2022—2026 9,479,800 17,167,792 26,647,592 2027—2031 11,824,300 13,763,468 25,587,768 2032—2036 14,255,500 9,394,235 23,649,735 2037—2041 17,760,000 3,887,344 21,647,344 Totals $ 60,594,500 $ 63,345,369 $ 123,939,869 MacDill AFB Utility System Total Debt September 30 Principal Interest Service 2017 $ 667,733 $ 871,675 $ 1,539,408 2018 708,918 830,491 1,539,409 2019 752,642 786,767 1,539,409 2020 799,063 740,346 1,539,409 2021 848,348 691,061 1,539,409 2022—2026 5,094,208 2,602,837 7,697,045 2027—2031 5,959,753 839,304 6,799,057 Totals $ 14,830,665 $ 7,362,481 $ 22,193,146 Lake Aqua Utility System Total Debt September 30 Principal Interest Service 2017 $ 365,000 $ 739,131 $ 1,101,131 2018 407,057 731,131 1,138,188 2019 385,000 723,631 1,108,631 2020 390,000 715,450 1,105,450 2021 400,000 705,700 1,105,700 2022—2026 2,210,000 3,328,226 5,538,226 2027—2031 2,690,000 2,846,226 5,536,226 2032—2036 3,320,000 2,218,426 5,538,426 2037—2041 4,200,000 1,335,625 5,535,625 2042-2044 3,045,000 278,100 3,323,100 Totals $ 17,412,057 $ 13,621,646 $ 31,033,703 -66 - 9 FLORIDA GOVERNMENTAL UTILITY AUTHORITY NOTES TO FINANCIAL STATEMENTS SEPTEMBER 30,2016 (7) Bonds and Notes Payable: (Continued) Pasco Aqua Utility System Total Debt September 30 Principal Interest Service 2017 $ 405,000 $ 831,965 $ 1,236,965 2018 410,000 823,225 1,233,225 2019 425,000 810,925 1,235,925 2020 435,000 798,175 1,233,175 2021 445,000 787,300 1,232,300 2022–2026 2,460,000 3,712,476 6,172476 2027–2031 3,000,000 3,173,501 6,173,501 2032–2036 3,705,000 2,472,850 6,177,850 2037–2041 4,685,000 1,488,000 6,173,000 2042–2044 3,390,000 309,600 3,699,600 Totals $ 19,360,000 $ 15,208,017 $ 34,568,017 Unified Aqua Utility System Total Debt September 30 Principal Interest Service 2017 $ 575,000 $ 1,004,856 $ 1,579,856 2018 590,000 993,356 1,583,356 2019 605,000 975,656 1,580,656 2020 620,000 962,800 1,582,800 2021 630,000 948,850 1,578,850 2022–2026 3,490,000 4,412,062 7,902,062 2027–2031 4,135,000 3,766,427 7,901,427 2032–2036 5,025,000 2,881,702 7,906,702 2037–2041 6,170,000 1,736,126 7,906,126 2042–2044 4,365,000 376,126 4,741,126 Totals $ 26,205,000 $ 18,057,961 $ 44,262,961 (8) Commitments and Contingencies: (a) U.S. Water/Wade Trim, LLC—Contracted to perform water treatment, water distribution, wastewater treatment, wastewater disposal and control, and other related services for all utility systems of the Authority. With the exception of Golden Gate and Lehigh Acres, both of which had contract effective dates of October 1, 2011, the contract terms started on the effective date of the acquisitions of each system,and expire on varying dates from September 30,2018,to September 30, 2020. U.S. Water receives an annual fixed fee for services provided to the systems of$23,905,395, paid in monthly installments. Fees in future years are adjusted as defined in the Operations and Billing Contract. The Operations and Billing Contract also provides for additional payments to U.S. Water for renewals and replacements and for capital improvements. Such additional payments are to be at U.S. Water's cost plus a specified profit percentage. Total amounts paid to U.S. Water for the year ended September 30, 2016 for all services were $34,465,012. At September 30, 2016, amounts payable to U.S. Water totaled$5,317,832. - 67 - 9B FLORIDA GOVERNMENTAL UTILITY AUTHORITY NOTES TO FINANCIAL STATEMENTS SEPTEMBER 30,2016 (8) Commitments and Contingencies: (Continued) (b) Government Services Group,Inc.—In order to execute the powers of the Authority pursuant to the Interlocal Agreement and the responsibilities of the Authority, the Authority retained Government Services Group, Inc. (GSG), a private contractor, for the overall management of the Authority. The Management Services Agreement between the Authority and GSG defines the general functions GSG will carry out and expires September 30, 2020, with the exception of the agreement defining functions relating to the MacDill AFB System, which expires September 30, 2021. The Authority has the option to extend the tern of the Management Services Agreement. GSG receives an annual base fixed fee for general administrative services provided to the Authority of$3,618,877, as well as an annual based fixed fee for capital improvement program administrative fees of$1,236,290. Additional payments are made for other services approved by the Authority's Board of Directors. Total amounts paid to GSG for the year ended September 30, 2016 were $5,994,030.At September 30,2016, amounts payable to GSG totaled$215,918. (c) North Fort Myers System contingent payments—As part of the purchase agreement for the North Fort Myers System, the Authority agreed to pay the seller 50% of impact fees collected for a period of 20 years from the closing date in June 2010 or until $25 million has been paid to the seller, whichever occurs first. As of September 30, 2016, $568,350 has been incurred in accordance with this agreement, $93,977 of which was incurred during the year ended September 30, 2016. The Authority also entered into a settlement with a developer of a specific subdivision whereby the developer is entitled to $635 per lot (less a 2.0% handling fee) which impact fees are paid. Total amounts incurred under this agreement at September 30, 2016, were $72,044, $5,686 which was incurred during the year ended September 30,2016. (d) Contracts—Commitments on outstanding contracts for improvements and maintenance of the Utility Systems totaled$20,709,541 at September 30,2016. (e) Other pending litigation—The Utility Systems are contingently liable with respect to regulatory inquiries and other claims incidental to the ordinary course of its operations. In the opinion of management, based on the advice of legal counsel, the ultimate disposition of these regulatory inquiries and claims will not have a material adverse effect on the financial position or results of operations of the Utility Systems. (9) Related Party Transactions: Prior to December 31, 2001, Government Services Group, Inc. (GSG) was partially owned by Nabors, Giblin&Nickerson,P.A., (NGN)which is serving as Bond Counsel with respect to the Authority's bond issues and Special Authority Counsel of each of the Utility Systems. This direct interest ended through a buyout of NGN shares by GSG. -68- 98 t ` ......,::::::;,,„,„4„,„:„..... .,, .,„..,,,./..„,,,.,....,..,,,,,,,..:,.,:,„, _...„...„„:„.„.„..,,,.„.„,„...,,,,,„:,,:, , TA B 3 ,,,,..... , ., .,.,,:,„..„,,,,,,,,.,,,,,,..,,,R,,,_,,,,,,„,_:.i, „,,,,,..,..,,,,,,,,,,...,„„„ ,_ , Statistical Section F b ,. . .,„1 ,.....„, X,T1'r V' a , 3p)Y 11 id 6lid , �I 4 t ,� •yA*.t4! c 'I"':�� .�S'` 4 y , y,+ Ae tit . 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" " :. .,-xG..t ..'x+46:. 9B STATISTICAL SECTION This part of the Florida Governmental Utility Authority's comprehensive annual financial report presents detailed information as a context for understanding what the information in the financial statements, note disclosures, and required supplementary information says about the government's overall financial health. In some instances, data is not available for all years. In future financial statements,we will add the current year plus continue to report on the years reflected in these schedules until a full ten years of data is presented. Contents Page Financial Trends These schedules contain trend information to help the reader understand how the government's financial performance and well-being have changed over time Net Position by Component 70 Changes in Net Position 71 Summary of Ten Largest Single Water Users 72 Debt Capacity These schedules present information to help the reader assess the affordability of the government's current levels of outstanding debt and the government's ability to issue additional debt in the future. Ratios of Outstanding Debt by Fund Type 73 Pledged Revenue Coverage 74—75 Demographic and Economic Information These schedules offer demographic and economic indicators to help the reader understand the environment within which the government's financial activities take place. Demographic and Economic Statistics 76—77 Principal Employers 78 Operating Information These schedules contain service and infrastructure data to help the reader understand how the information in the government's financial report relates to the services the government provides and the activities it performs. Operating Indicators by Function 79 Capital Asset Statistics by Function 80—82 Sources: Unless otherwise noted, the information in these schedules is derived from the comprehensive annual financial reports for the relevant year. - 69 - M CO O r a) ocooa) C 9 8 o U) DCV' Co N CO N CA N CD CO - .-- N LO r r CO69 449 69 N CO I` r T. N- CO CO O CO Co O Cr r CO 0 O U) r u) V CO M M COO t` CD Co N o ) Cr Cr. 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OQ) onOOOHy o 0 O WNay Ey R U Co C) 0 a) Z 0 H 0 0 Z E 0 )- E z z 9B Florida Governmental Utility Authority Summary of Top Ten Customers(Based on Sales Revenue) September 30,2016 %of Total System %of Total System Sales Sales Revenue Sales Revenue Sales Revenue Revenue GOLDEN GATE CONSOLIDATED PACIFICA NAPLES LLC $ 377,168 5.06% PARADISE LAKES CONDO.ASSOC. $ 232,162 3.98% PAR ONE HOMEOWNERS 274,610 3.69% ALTA TERRA BELLA,LP 58,884 1.01% CORAL PALMS NAPLES APT LLC 261,610 3.51% NORTH BAY S.R.54 FACILITY 45,141 0.77% 4300 ATOLL COURT LLC 109,257 1.47% THE FOUNTAINS AT PARADISE LAKES 30,629 0.53% RANIERI(QUALITY INN) 78,700 1.06% WALMART STORES EAST,LP 28,168 0.48% TILDEN FUNDAMENTAL PL APTS 54,877 0.74% DENHAM OAKS ELEMENTARY 27,335 0.47% BENCHMARK WAVERLEY PLACE 53,075 0.71% TRINITY INVESTMENT GROUP 21,384 0.37% WAVA,INC 52,493 0.70% GULFSIDE ELEMENTARY 20,356 0.35% NAPLES COIN LAUNDRY,INC 51,946 0.70% FMC LAND 0'LAKES,LLC 16,878 0.29% PIKUS PROPERTY MGMT,LLC 50,492 0.68% TERRA BELLA HOMEOWNERS 16,691 0.29% TOTAL $ 1,364,228 18.32% TOTAL $ 497,628 8.54% LEHIGH ACRES LINDRICK LEHIGH REGIONAL MED CENTER $ 128,526 0.95% GULF HARBOR CONDOS $ 319,845 7.11% WALMART STORES 87,998 0.65% NEW PORT COLONY 124,992 2.78% SUNSHINE VILLAS 69,478 0.51% LANDINGS OF ST ANDREWS 95,179 2.12% PHOENIX ASSOCIATES OF NAPLES 63,741 0.47% SEAVIEW PLACE CONDOMINIUMS 87,461 1.94% HOPE HOSPICE 48,424 0.36% LANDINGS AT SEA FOREST 72,640 1.61% FOUNTAIN CREST RETIREMENT 44,816 0.33% SEA CASTLE CONDO 47,829 1.06% TORTUGA PRESERVE ELEMENTARY 42,113 0.31% HARBOR VILLAS CONDO 47,284 1.05% EAST LEE COUNTY HIGH SCHOOL 41,286 0.30% MARINERS WAY OF NPR 41,846 0.93% LEHIGH ELEMENTARY SCHOOL 39,208 0.29% WINDWARD COVE CONDO 39,008 0.87% LEHIGH HIGH SCHOOL 36,859 0.27% HEATHER COVE 29,461 0.65% TOTAL $ 602,449 4.44% TOTAL $ 905,545 20.12% PASCO NFMU PALMS AT WYNDTREE $ 171,278 0.93% LEE COUNTY BOCC-UTILITIES $ 1,694,977 16.88% PARK AT BARRINGTON,LLC 161,500 0.87% BUCCANEER ESTATES 434,113 3.73% CRP HOLDINGS CSS LLC 103,728 0.56% ISLAND VISTA ESTATES LLC 294,052 2.53% BCM TRINITY,LLC 98,639 0.53% MHC WINDMILL VILLAGE 258,265 2.22% DISTRICT SCHOOL BOARD PASCO 98,415 0.53% SIX LAKES COUNTRY CLUB IN 220,642 1.90% TANDEM HEALTH CARE 93,992 0.51% THE HERITAGE 194,102 1.67% EASTLAKE REHAB&CARE CENTER LLC 87,288 0.47% PIONEER VILLAGE 136,979 1.18% PARK AT ASHLEY PLACE LP 75,932 0.41% SERENDIPITY MOBIL HOME PARK 133,239 1.14% HOLIDAY HOTEL AND RESORT LLC 74,225 0.40% CITY OF CAPE CORAL 103,563 0.89% WAL-MART STORE,INC. 66,197 0.36% FOUNTAIN VIEW RV 68,040 0.58% TOTAL $ 1,031,194 5.57% TOTAL $ 3,537,972 32.72% PASCO AQUA LAKE AQUA SYBRA INC#1310 $ 12,512 0.33% S CHASE HOMEOWNERS ASSOC. $ 24,704 0.69% SUNSHINE INVESTMENT 8,791 0.23% MHC OPERATING LP 17,874 0.50% AMERICAN CONDOMINIUM PARKS,INC 8,409 0.22% BILL BRYAN CHRYSLERPLYMOUTH 16,045 0.45% FLORIDA VILLAGE SQUARE 6,467 0.17% JACOBSON 15,693 0.44% AAA 6,433 0.17% MUNN SALES SERVICE INC 8,059 0.22% SERGIOS REST 6,132 0.16% TRAN 6,361 0.18% ROBINSON 3,914 0.10% S CHASE HOMEOWNERS ASSN 4,686 0.13% JASMINE LAKES CIVIC ASSN 3,891 0.10% GORDON 4,532 0.13% LAND TRUST FOR 7731 JUDITH 3,746 0.10% CIRCLE K STORES INC. 4,320 0.12% HOPKINS 2,965 0.08% L'HOMMEDIEU 4,120 0.11% TOTAL $ 63,260 1.66% TOTAL $ 106,394 2.97% UNIFIED AQUA SOUTH SEAS RESORT $ 381,524 5.36% BFI WASTE SYSTEMS OF N A 267,294 3.76% FLA REFUSE SERVICE INC 124,990 1.76% BEACH VILLAS III CONDO 52,326 0.74% SUNSET BEACH VILLAS 48,669 0.68% LAND'S END VILLAGE 41,757 0.59% BAYSIDE VILLAS CONDO 36,542 0.51% TENNIS VILLAS 33,628 0.47% RIVERBEND CONDO ASSN 30,448 0.43% UNITED PARCEL SERVICE 30,326 0.43% TOTAL $ 1,047,504 14.73% -72- Florida Governmental Utility Authority 9 1+ Ratios of Outstanding Debt by Type Last Ten Fiscal Years (amounts expressed in whole dollars) Business-Type Activities Water& Percentage Fiscal Wastewater Total Primary of Personal Per Utility Year Revenue Bonds (1) Other Debt(2) Capital Leases Government Income Customer 2007 145,239,428 - - 145,239,428 na 1,519 2008 143,294,162 - - 143,294,162 na 4,865 2009 252,014,267 - - 252,014,267 na 4,295 2010 318,184,200 9,564,794 - 327,748,994 na 4,117 2011 343,764,200 3,003,105 - 346,767,305 na 4,316 2012 343,625,000 7,644,540 - 351,269,540 na 4,030 2013 435,550,000 7,282,125 1,586,568 444,418,693 na 4,097 2014 397,170,000 6,964,979 1,427,343 405,562,322 na 3,639 2015 410,030,000 6,792,943 1,264,498 418,087,441 na 3,742 2016 380,760,000 21,858,940 1,097,951 403,716,891 na 3,538 Notes: (1)This amount excludes the Barefoot Bay bonds as the FGUA acts as a pass-through agent only.See Note 7 for Barefoot Bay bonds balance. (2)Other Debt includes State Revolving Loan Fund(SRF)debt,the SunTrust Energy Project debt,and Seller-Financed Notes.The MacDill AFB Seller-Financed note is excluded because it is fully-subsidized,the note is not secured by revenues,and because the AFB is considered one customer,which would skew the"per utility customer"ratio.See Note 7 for MacDill debt balance. - 73 - Florida Governmental Utility Authority B Pledged-Revenue Coverage Last Ten Fiscal Years (amounts expressed in whole dollars) Debt Secured by Pledged Revenue Special Assessment Bonds Water, Wastewater Less: Debt Service Debt Service Fiscal and Other Operating Net Available Special Year Name of System Revenue(1) Expenses(2) Revenue Principal Interest(3) Coverage Assessment Principal Interest Coverage 2007 Golden Gate 6,498,238 2,823,225 3,675,013 801,652 1,947,323 1.34 74,773 54,866 14,272 1.08 Lehigh Acres 12,070,977 5,047,070 7,023,907 1,170,000 3,003,803 1.68 - - - - Total $18,569,215 $7,870,295 $10,698,920 $1,971,652 $4,951,126 1.55 $74,773 $54,866 $14,272 1.08 2008 ` Golden Gate 6,066,118 3,172,185 2,893,933 795,642 1,918,578 1.07 86,195 59,240 8,255 1.28 Lehigh Acres 10,707,788 6,020,572 4,687,216 1,305,000 2,970,503 1.10 - - - Total $16,773,906 $9,192,757 $7,581,149 $2,100,642 $4,889,081 1.08 $86,195 $59,240 $8,255 1.28 2009 Golden Gate 5,704,070 3,079,882 2,624,188 829,749 1,360,084 1.20 39,759 90,145 3,513 0.42 Lehigh Acres 10,594,737 6,337,683 4,257,054 1,335,000 2,192,343 1.21 - - - - Pasco Systems(4) 9,258,799 4,612,090 4,646,709 - 2,909,619 1.60 - - - - Total $25,557,606 $14,029,655 $11,527,951 $2,164,749 $6,462,046 1.34 $39,759 $90,145 $3,513 0.42 2010 Golden Gate 6,141,890 2,877,879 3,264,011 864,474 1,874,800 1.19 - - - - Lehigh Acres 10,200,210 5,428,303 4,771,907 1,380,000 2,970,455 1.10 - - - - Pasco Systems 14,494,924 4,612,090 9,882,83.4 - 4,930,583 2,00 - - - - Consolidated(5) 656,710 425,806 230,904 - 176,400 1.31 - - - - Lindrick(5) 2,020,189 1,137,864 882,325 - 676,921 1.30 - - - - North Fort Myers(5) 1,174,236 674,730 499,506 401,866 1.24 - - - - Total $34,688,159 $15,156,672 $19,531,487 $2,244,474 $11,031,026 1.47 - - - - 2011 Golden Gate 6,745,712 3,112,442 3,633,270 897,072 2,145,826 1.19 - - - - Lehigh Acres 11,888,187 6,051,218 5,836,969 1,415,000 3,439,336 1.20 - - - - Pasco Systems 16,366,387 7,524,066 8,842,321 7,178,225 1.23 - - - - Consolidated 823,093 538,282 284,811 227,976 1.25 - - - - Lindrek 4,232,463 1,632,076 2,600,387 1,865,225 1.39 - - - - North Fort Myers 8,333,037 3,718,003 4,615,034 3,726,984 1.24 - - - - Total $48,388,879 $22,576,087 $25,812,792 $2,312,072 $18,583,574 1.24 - - - - 2012 Golden Gate 6,621,557 2,88.4,461 3,737,096 936,561 2,124,023 1.22 - - - - Lehigh Acres 11,608,382 5,480,600 6,127,782 1,465,000 3,477,651 1.24 - - - - Pasco Systems 16,516,475 9,321,853 7,194,622 - 4,785,891 1.50 - - - - Consolidated 1,976,950 977,353 999,597 453,053 2.21 - - - - Lindrick 3,868,309 1,992,190 1,876,119 250,000 1,201,605 1.29 - - - North Fort Myers 7,614,567 4,125,609 3,488,958 200,004 2,720,739 1.19 - - - - Total $48,206,240 $24,782,066 $23,424,174 $2,851,565 $14,762,962 1.33 - - - - 2013 Golden Gate 6,646,052 2,966,733 3,679,319 1,072,412 1,910,268 1.23 - - - - Lehigh Acres 12,782,792 6,039,445 6,743,347 590,000 3,612,996 1.60 - - - - Pasco Systems 17,738,116 10,044,662 7,693,454 1,375,000 4,881,691 1.23 - - - - Consolidated 4,545,813 2,524,771 2,021,042 220,000 1,120,726 1.51 - - - - Lindrick 4,484,435 2,100,149 2,384,286 380,000 1,216,054 1.49 - - - - North Fort Myers 8,908,982 4,876,976 4,032,006 750,000 2,759,660 1.15 - - - - Lake Aqua 1,642,755 979,501 663,254 - 383,646 1.73 - - - - Pasco Aqua 1,577,468 745,693 831,775 - 431,466 1.93 - - - - UnfedAqua 3,326,669 2,157,780 1,168,889 522,189 2.24 - - - - Total $61,653,082 $32,435,710 $29,217,372 $4,387,412 $16,838,696 1.38 - - - - -74- 9B Florida Governmental Utility Authority Pledged-Revenue Coverage(continued) Last Ten Fiscal Years (amounts expressed in whole dollars) Debt Secured by Water/Wastewater Revenue Special Assessment Bonds Water, Wastewater Less: Debt Service Debt Service Fiscal and Other Operating Net Available Special Year Name of System Revenue(1) Expenses(2) Revenue Principal Interest(3) Coverage Assessment Principal Interest Coverage 2014 Golden Gate 7,284,315 2,828,956 4,455,359 918,750 1,184,472 2.12 - - - - Lehigh Acres 13,070,967 6,299,583 6,771,364 1,645,000 2,954,708 1.47 - - - - Pasco Systems 17,662,991 9,648,352 8,014,639 2,310,000 4,890,205 1.11 - - - - I Consolidated 5,465,375 2,562,348 2,903,027 220,000 915,208 2.56 - - - - Lindrick 4,397,096 2,159,740 2,237,356 455,000 1,217,251 1.34 - - - - North Fort Myers 9,500,526 5,122,877 4,377,649 1,009,991 2,773,115 1.16 - - - - Lake Aqua 3,427,822 2,036,859 1,390,963 350,000 754,714 1.26 - - - - PascoAqua 3,293,298 1,490,673 1,802,625 385,000 848,785 1.46 - - - - Unified Aqua 6,859,074 4,456,241 2,402,833 555,000 1,027,256 1.52 - - - - Total $70,961,464 $36,605,629 $34,355,835 $7,848,741 $16,565,713 1.41 - - - - 2015 Golden Gate 7,659,678 2,944,005 4,715,673 1,117,036 1,627,298 1.72 - - - - Lehigh Acres 13,847,202 6,202,193 7,645,009 1,100,000 2,675,193 2.03 - - - - Pasco Systems 18,582,004 9,259,062 9,322,942 2,845,000 4,843,739 1.21 - - - - Consolidated 5,700,323 2,635,265 3,065,058 495,000 1,110,358 1.91 - - - - Lindrick 4,482,545 2,191,805 2,290,740 475,000 1,197,469 1.37 - - - - North Fort Myers 11,326,192 5,370,059 5,956,133 1,230,000 2,745,340 1.50 _ - - - Lake Aqua 3,512,793 2,040,588 1,472,205 360,000 747,032 1.33 - - - - Pasco Aqua 3,475,577 1,456,076 2,019,501 395,000 840,486 1.63 - - - - Unified Aqua 6,929,384 4,634,578 2,294,806 565,000 1,016,157 1.45 _ - - - Total $75,515,698 $36,733,631 $38,782,067 $8,582,036 $16,803,072 1.53 - - - - 2016 Golden Gate 7,902,396 2,995,452 4,906,944 1,167,059 1,584,474 1.78 - - - - Lehigh Acres 14,342,314 6,672,418 7,669,896 1,880,000 2,718,738 1.67 - - - - Pasco Systems 19,254,181 9,786,527 9,467,654 2,910,000 4,763,331 1.23 - - - - Consolidated 5,870,824 2,510,270 3,360,554 615,000 1,105,108 1.95 - - - - Lindrick 4,528,904 2,219,169 2,309,735 500,000 1,173,112 1.38 _ - - - North Fort Myers 11,743,355 5,424,734 6,318,621 1,290,000 2,702,054 1.58 - - - - Lake Aqua 3,748,148 2,169,394 1,578,754 365,000 739,132 1.43 - - - - Pasco Aqua 3,854,826 1,675,857 2,178,969 405,000 831,968 1.76 - - - - Unified Aqua 7,506,629 4,616,515 2,890,114 575,000 1,004,857 1.83 - - - - Total $78,751,577 $38,070,336 540,681,241 $9,707,059 $16,622,774 1.55 _ - - - Notes: (1)Includes operating revenues,investment income,and miscellaneous income.Also includes funds from Rate Stabilization accounts in accordance with Bond documents.Excludes water and wastewater impact fee revenue and special assessments. (2)Excludes depreciation and amortization expenses. (3)Netted against Build America Bond subsidies received. (4)The Pasco Systems includes the Aloha Gardens and Seven Springs service areas.This system was purchased on February 27,2009 and issued$106,710,000 in debt for the , acquistion. (5)The FGUA purchased the Consolidated Systems,the Lindrick Utility Systems and the North Fort Myers Utility Systems during FY 2010 and Issued debt for$5,124,000,$24,665,000, and$62,440,000 respectively for these aquisitions. I -75- Florida Governmental Utility Authority r Demographic and Economic Statistics Last Ten Fiscal Years Per Capita Estimated Personal School Unemployment population served Income Median Age Enrollment Rate 2007 Golden Gate 22,970 54,337 62.4 42,775 2.7 Lehigh Acres 585,608 35,411 43.7 78,775 2.7 Total 608,578 2008 Golden Gate 23,101 71,033 62.4 42,062 5.1 Lehigh Acres 615,741 39,410 43.2 80,526 5.2 Total 638,842 2009 Golden Gate 22,556 79,315 63.0 41,666 8.2 Lehigh Acres 623,725 41,864 42.7 79,457 9.2 Pasco Systems 439,702 27,628 41.6 62,530 12.5 Total 1,085,983 2010 Golden Gate 21,651 76,708 62.5 42,786 10.0 Lehigh Acres 615,124 41,954 42.7 80,161 13.9 Pasco Systems 437,500 29,113 45.6 66,994 13.2 Consolidated Systems See Pasco System 29,113 45.6 66,994 13.2 Lindrick Systems See Pasco System 29,113 45.6 66,994 13.2 NFMU Systems See Lehigh System 41,954 43 80,161 13.9 Total 1,074,275 2011 Golden Gate 22,390 75,910 63.8 42,098 12.4 Lehigh Acres 622,900 38,653 42.8 81,929 13.5 Pasco Systems 464,697 29,113 45.6 66,994 13.2 Consolidated Systems See Pasco System 29,113 45.6 66,994 13.2 Lindrick Systems See Pasco System 29,113 45.6 66,994 13.2 NFMU Systems See Lehigh System 38,653 34.4 81,929 13.5 Total 1,109,987 2012 Golden Gate 19,537 74,862 63.9 42,430 10.3 Lehigh Acres 625,310 30,363 45.6 83,771 11.2 Pasco Systems 464,697 29,236 43.6 67,337 11.7 Consolidated Systems See Pasco System 29,236 43.6 67,337 11.7 Lindrick Systems See Pasco System 29,236 43.6 67,337 11.7 NFMU Systems See Lehigh System 30,363 45.6 83,771 11.2 Total 1,109,544 2013 Golden Gate 19,939 82,316 64.2 44,346 10.0 Lehigh Acres 631,330 43,022 45.7 85,581 8.7 Pasco Systems 468,562 30,424 43.6 66,497 9.7 Consolidated Systems See Pasco System 30,424 43.6 66,497 9.7 Lindrick Systems See Pasco System 30,424 43.6 66,497 9.7 NFMU Systems See Lehigh System 43,022 45.7 85,581 8.7 Lake Aqua 301,019 33,846 46.2 40,753 8.9 Pasco Aqua See Pasco System 30,424 43.6 66,497 9.7 Unified Aqua 360,308 33,520 42.2 57,023 8.0 Total 1,781,158 -76- 9B Florida Governmental Utility Authority Demographic and Economic Statistics Last Ten Fiscal Years Per Capita Estimated Personal School Unemployment population served Income Median Age Enrollment Rate 2014 Golden Gate 20,115 83,798 64.3 44,881 7.2 Lehigh Acres 638,029 40,248 45.6 87,215 7.2 Pasco Systems 473,566 33,228 43.6 67,374 7.8 Consolidated Systems See Pasco System 33,228 43.6 67,374 7.8 Lindrick Systems See Pasco System 33,228 43.6 67,374 7.8 NFMU Systems See Lehigh System 40,248 45.6 87,215 7.2 Lake Aqua 303,186 34,442 46.2 40,753 6.9 Pasco Aqua See Pasco System 33,228 43.6 67,374 7.8 Unified Aqua 522,512 33,579 38.6 79,938 6.9 Total 1,957,408 2015 Golden Gate 20,537 80,156 64.0 44,415 5.9 Lehigh Acres 643,367 43,169 45.7 90,887 6.1 Pasco Systems 479,340 32,711 43.8 66,904 6.7 Consolidated Systems See Pasco System 32,711 43.8 66,904 6.7 Lindrick Systems See Pasco System 32,711 43.8 66,904 6.7 NFMU Systems See Lehigh System 43,169 45.7 90,887 6.1 Lake Aqua 315,690 35,786 na na 6.3 Pasco Aqua See Pasco System 32,711 43.8 66,904 6.7 Unified Aqua 465,905 37,636 36.7 69,392 6.6 Total 1,924,839 2016 (1) Golden Gate 20,968 84,721 64.0 45,995 4.9 (2) Lehigh Acres 665,845 48,453 46.2 92,780 5.1 (3) Pasco Systems 487,588 33,795 44.1 70,169 6.0 (3) Consolidated Systems See Pasco System 33,795 44.1 70,169 6.0 1 (3) Lindrick Systems See Pasco System 33,795 44.1 70,169 6.0 (2) NFMU Systems See Lehigh System 48,453 46.2 92,780 5.1 (4) Lake Aqua 325,875 37,698 46.8 (7) 42,000 5.2 (3) Pasco Aqua See Pasco System 33,795 44.1 70,169 6.0 (5) Unified Aqua 472,387 36,512 38.1 (6) 68,879 5.5 Total 1,972,663 Data Sources: (1)City of Naples FY2015 CAFR.Information for Golden Gate System is not specific to the service area. Information reflects the City of Naples data. (2)Lee County FY2015 CAFR. Information for Lehigh Acres and NFMU System data is not specific to the service area. Information reflects the Lee County data. (3)Pasco County FY2015 CAFR. Information for Pasco,Consolidated,Lindrick and Aqua Pasco data is not specific to the service area. Information reflects the Pasco County data. (4)Lake County FY2015 CAFR,U.S.Census and Office of Economic and Development Research. Information for Aqua Lake data is not specific to the service area. Information reflects the Lake County data. (5)Seminole,Marion,and Polk County FY2015 CAFRs. Information for Aqua Unified data is not specific to the service area. Information reflects the average Seminole County, Marion County,and Polk County data. (6)Seminole County FY2015 CAFR. Median Aga information available for Seminole County only. (7)School Enrollment data provided from Lake County School Board -77- Florida Governmental Utility Authority n Principal Employers 7 Q Last Four Fiscal Years 2016 2015 2014 2013 Percentage of Percentage of Percentage of Percentage of total County total County total County total County Err,_, Employees Rank Employment Employees Rank Employment Employees Rank Employment Employees Rank Employment Golden Gate(11 Collier County School District 7,041 1 25.4% 5,365 1 21.1% 5,288 1 20.8% 5,374 1 22.2% NCH Healthcare System 7,000 2 25.2% 4,000 2 15.7% 4,000 2 15.7% 3,007 2 124% Public Supermarket 6,968 3 25.1% 2,214 7 8.7% 800 7 3.1% 2214 3 9.1% Collier County Government 1,600 4 5.8% 1,946 3 7.6% 2,157 3 8.5% 2121 4 8.8% Marriott Corporation,Inc.(Ritz Canton) 1,100 5 4.0% 800 6 3.1% 1,100 6 4.3% 743 6 3.1% The Country Club of Naples 1,050 6 3.8% Collier County Sheriffs Office 1,029 7 3.7% 1,367 4 5.4% 1,867 4 7.3% 1,387 5 5.7% The Moorings 754 8 2.7% 730 10 2.9% 730 10 2.9% 730 8 3.0% Naples Grande Beach Resort 700 9 2.5% Fifth-Third Bank 500 10 1.8% 733 9 2.9% 733 9 2.9% 733 7 3.0% Waldorf Astoria(Naples Grande Beach) 760 8 3.0% 760 8 3.0% 605 9 2.5% Allen Systems Group 1,200 5 4.7% 1,300 5 5.1% Barron Collier Partnership 600 10 2.5% Estimated Other Employers N/A 6,325 24.9% 6,684 26.3% 6,684 27.6% Total 27,742` 100.0% 25,440 100.0% 25,419 100.0% 24,198 105.8% Lehigh Acres and North Fort Myers(2( Lee Memorial Health System 10,900 1 3.5% 10,500 1 3.7% 10,425 1 3.8% 10,249 1 3.7% Lee County School District 10,600 2 3.4% 10,000 2 3.5% 10,333 2 3.8% 9,394 2 3.4% Public Super Markets 5,007 3 1.6% 5,297 3 1.9% 4,404 3 1.6% 4,362 3 1.6% Lee County Government 2,584 4 0.8% 2,528 4 0.9% 2,358 4 0.9% 2,538 4 0.9% Wal-Mart 2,507 5 0.8% 2,075 5 0.7% 1,967 5 0.7% 1,967 5 0.7% Home Depot 1,783 6 0.6% City of Cape Coral 1,654 7 0.5% 1,654 7 0.6% 1,197 9 0.4% 1,197 9 0.4% Chico's FAS,Inc 1,642 8 0.5% 1,703 6 0.6% 1,703 6 0.6% 1,253 8 0.5% Lee County Sheriffs Office 1,585 9 0.5% 1,508 8 0.5% 1,535 7 0.6% 1,585 6 0.6% U.S.Postal Service 1,477 10 0.5% 1,477 8 0.5% 1,291 7 0.5% Florida Gulf Coast UnNersty 1,490 9 0.5% ShellPoint Retirement Community 1,000 10 0.4% Target 1,100 10 0.4% 1,100 10 0.4% Estimated Other Employers 269,514 87.2% 244,842 86.6% 237930 86.7% 240,151 87.3% Total 309,253 100.0% 282,597 100.0% 274,429 100.0% 275,087 100.0% Pasco,Consolidated,Lindrick and Pasco Aqua Utility Systems(31 Pasco County School District 9,713 1 4.9% 9,278 1 5.2% 9,289 1 4.8% 9,289 1 4.7% Pasco County Government 2,730 2 1.4% 2,627 3 1.5% 2,026 5 1.0% 2,000 3 1.0% HCA Health Services of Florida(Regional Medical Center Bayonet Point,Medical Center of 2,597 3 1.3% 2,646 2 1.5% 2,502 3 1.3% 2,086 6,8 1.1% Trinity fka Community Hospital) State of Florida Govemmenl 1,211 4 0.6% 1,218 5 0.7% 1,262 7 0.6% 1,296 5 0.7% Pasco County Sheriff 1,189 5 0.6% 1,336 4 0.7% 1,319 6 0.7% 1,300 4 0.7% Morton Plant North Bay Hospital 873 6 0.4% 873 8 0.5% 831 10 0.4% 777 10 0.4% Florida Hospital 2ephyrhills 847 7 0.4% 950 7 0.5% 1,000 9 0.5% 1,050 7 0.5% Florida Hospital Wesley Chapel 750 8 0.4% Saint Leo University 726 9 0.4% Federal Government 724 10 0.4% 729 10 0.4% WalMart Supercenters 766 9 0.4% 2,531 2 1.3% 2,050 2 1.0% Physicians Injury Medical Center 2,200 4 1.1% Florida Medical Clinic 1,193 6 0.7% 1,066 8 0.5% 909 9 0.5% Estimated Other Employers 178,080 89.3% 158.517 88.0% 171,307 87.7% 176,929 89.5% Total 199,440 100.0% 180,133 100.0% 195,333 100.0% 197,686 100.0% Lake Aqua Utility System(4( Lake County Public Schools 5,435 1 4.1% 5,435 1 4.3% 6,796 1 5.5% 4,353 1 3.6% Leesburg Regional Medical 1,826 2 1.4% 1,826 2 1.4% 2,299 2 1.9% 2,093 2 1.8% Lake County Government 1,782 3 1.3% 1,501 3 1.2% 1,411 5 1.1% 1,817 4 1.5% Florida Hospital Waterman 1,482 4 1.1% 1,482 4 1.2% 1,500 3 1.2% 1,400 5 1.2% Southlake Hospital 1,143 5 0.9% 1,143 5 0.9% 1,500 4 1.2% Villages of Lake-Sumter,Inc. 1,120 6 0.8% 1,120 6 0.9% 1,120 6 0.9% 2,022 3 1.7% Lake Port Square 500 7 0.4% 500 7 0.4% 400 9 0.3% Lifestream Behavioral Company 500 7 0.4% 500 7 0.4% Dura-Stress,Inc. 425 8 0.3% 425 8 0.3% Hewitt Contracting Company 370 9 0.3% 370 9 0.3% Southeast Modular Manufacturing 325 10 0.2% 325 10 0.3% Lake Medical Imaging 500 7 0.4% 'I Ranye Components 400 10 0.3% Embarq 811 6 0.7% Casmin Incorporated 800 7 0.7% GET Conveyor Company.Inc. 550 8 0.5% Bailey Industries 509 9 0.4% Accent 500 10 0.4% Estimated Other Employers 119,063 88.9% 113,042 88.5% 107,413 87.1% 104,733 87.6% Total 133,971 100.0% 127,669 100.0% 123,339 100.0% 119,588 100.0% Unified Aqua Utility System(51 Polk County School Board 13,135 1 2.0% 13,121 1 2.1% 13,800 1 2.2% 13,800 1 2.2% Public Supermarkets(Polk&Marion) 11,737 2 1.8% 12,030 2 1.9% 10,470 2 1.7% 9,800 2 1.5% Walmart(Polk&Marion) 8.608 3 1.3% 7.470 4 1.2% 5,100 5 0.8% 5,100 5 0.8% Seminole County Public Schools 7,687 4 1.2% 7,751 3 1.2% 7,952 3 1.3% 7,220 3 1.1% Marion County Public Schools 6,070 5 0.9% -6,071 6 1.0% 6,071 4 1.0% 6,071 4 0.9% Lakeland Regional Medical Center 4,499 6 0.7% 4,500 8 0.7% 4,500 7 0.7% 4,500 7 0.7% Polk County Government 4,472 7 0.7% 4,500 7 0.7% 4,500 6 0.7% 4,500 6 0.7% Orlando Sanford International Airport 3,500 8 0.5% 3,500 10 0.6% AT&T(Seminole+Marion) 3,063 9 0.5% 4,063 9 0.6% Munroe Regional Medical Center 2.648 10 0.4% 2,648 10 0.4% 2,648 9 0.4% State of Florida(Polk+Marion) 6,900 5 1.1% 4,300 8 0.7% 4,300 8 0.7% Mosiac 3,000 9 0.5% State of Florida(Marion County) 2,600 10 0.4% Estimated Other Employers 584,445 89.9% 556,200 88.8% 563,765 90.0% 578,855 90.5% Total X864 rr.0% 626,106 00.0°. 626,106 10r,.°. 63•,39. 00. j (1) City of Naples FY2015 CAFR Note:Employer Statistical Information is not available for the specific service area.Information presented is for the whole City of Naples. (2) Lee County FY2015 CAFR Note:Employer Statistical Information is not available for the specific service area.Information provided is for all of Lee County. (3) Pasco County FY2015 CAFR Note: Information for Pasco Systems is presented for all of Pasco County.This information is relevant for the Pasco, Consolidated,Lindrick and Aqua Pasco Sony Systems. (4)Lake County FY2015 CAFR Note:Employer Statistical Information is not available for the specific service area.Information provided is for all of Lake County. (5)Seminole County FY2015 CAFR,Polk County FY2015 CAFR,and Marion County FY2015 CAFR Note:Employer Statistical Information is not available for the specific service area.Information provided is for all of Seminole County and Polk County. N/A=Not provided or available -78- • Florida Governmental Utility Authority 9 Operating Indicators by Function 8 Last Ten Fiscal Years Fiscal Year Function 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Water Citrus(1) New Connections 105 - - - - - - _ _ - Average Daily Flow(mgpd)* 5.775 - - - - - - - _ _ Poinciana(2) New Connections 284 - - - - - _ - _ _ Average Daily Flow(mgpd)* 7.850 - - - - - - - _ - Golden Gate New Connections 55 (1) (299) 13 13 (78) 68 (46) 6 38 Average Daily Flow(mgpd)' 1.446 1.411 1.341 1.38 1.427 1.626 1.284 1,374 1.54 1.516 Lehigh Acres New Connections 267 125 56 60 46 (488) 3 67 41 154 Average Daily Flow(urged)* 2.437 2.162 2.07 2.105 2.199 2.203 2.01 2.051 2.249 2.27 Pasco(3) New Connections - - 15,196 (192) 236 446 213 102 (43) 2,111 Average Daily Flow(mgpd)' - - 4.006 3.28 3.009 3.283 3.119 2.996 2.879 3.018 Consolidated(4) New Connections - - - 2,358 20 3,596 122 267 53 58 Average Daily Flow(mgpd)' - - - 0.382 0.360 1.285 1.202 1.081 1.181 1.283 Lindrick New Connections - - - 2,766 59 (7) 10 250 (4) 15 Average Daily Flow(mgpd)* - - - 0.704 0.658 0.630 0.653 0.597 0.569 0.566 MacDill AFB New Connections - - - 1 - - - - - - Average Daily Flow(mgpd)' - - - - 1.200 0.977 0.988 0.903 0.856 0.762 1 North Fort Myers(6) New Connections - - - 1,839 10 - - (8) 2 12 Average Daily Flow(mgpd)* - - - 0.131 0.077 0.0825 0.086 0.094 0.091 0.083 Lake Aqua New Connections - - - - - - 4,778 20 (168) 410 Average Daily Flow(urged)' - - - - - - 0.832 0.793 0.778 0.853 Pasco Aqua New Connections - - - - - - 2,886 (63) 28 421 Average Daily Flow(urged)* - - - - - - 0.237 0.337 0.373 0.377 Unified Aqua New Connections - - - - - - 7,106 183 49 361 Average Daily Flow(mgpd)' - - - - - - 1.483 1.470 1.492 1.432 Total New Connections 711 124 14,953 6,845 384 3,469 15,186 772 (36) 3,580 Average Daily Flow(urged)* 17.508 3.573 7.417 7.982 8.930 10.087 11.894 11.696 12.008 12.160 Wastewater Citrus(1) New Connections 65 - - - - - - - - - Average Daily Flow(mgpd)* 0.556 - - - - - - - - - Poinciana(2) New Connections 661 - - - - - - - - - Average Daily Flow(mgpd)' 5.240 - - - - - - - - - Golden Gate New Connections 12 (7) (319) 1 - (20) 30 (31) (11) 23 Average Daily Flow(mgpd)' 1.209 1.204 1.105 1.025 0.863 1.113 1.171 1.08 1.113 1.104 Lehigh Acres New Connections 138 77 27 89 45 (135) (18) 36 74 143 Average Daily Flow(mgpd)' 1.602 1.764 1.674 2.044 1.429 1.446 2.002 1.707 1.92 2.156 Pasco(3) New Connections - - 14,555 (153) 178 420 237 1,917 190 (2,016) Average Daily Flow(mgpd)' - - 1.345 1.670 1.750 1.891 1.747 1.596 1.674 1.574 Consolidated(7) New Connections - - - - - 3,037 70 214 (13) 29 Average Daily Flow(mgpd)' - - - - - 0.018 0.014 0.017 0.021 0.02 Lindrick New Connections - - - 2,508 42 (9) 27 9 (5) 14 Average Daily Flow(mgpd)'+• - - - - - - - - - - MacDill AFB New Connections - - - 1 - - - - - - Average Daily Flow(mgpd)* - - - - 0.600 0.413 0.421 0.465 0.577 0.549 North Fort Myers(5) New Connections - - - 11,650 86 46 46 29 97 9 Average Daily Flow(mgpd)' - - - 2.097 1.963 1.867 2.983 2.711 3.148 3.815 Lake Aqua New Connections - - - - - - 1,164 (2) (2) 83 Average Daily Flow(mgpd)* - - - - - - 0.125 0.147 0.154 0.152 Pasco Aqua New Connections - - - - - - 2,742 (77) 31 410 Average Daily Flow(mgpd)' - - - - - - 0.261 0.282 0.347 0.308 Unified Aqua New Connections - - - - - - 1,824 114 (31) 85 Average Daily Flow(mgpd)' - - - - - - 0.446 0.495 0.463 0.421 Total New Connections 876 70 14,263 14,096 351 3,339 6,122 2,209 330 (1,220) Average Daily Flow(mgpd)' 8.607 2.968 4.124 6.836 6.605 6.748 9.170 8.501 9.417 10.099 Notes:'mgpd=Million gallons per day +Wastewater treatment provided by Hillsborough County,Florida **Wastewater treatment provided by City of New Port Richey(0.700 MGD) ++Wastewater treatment provided by Pasco county,Florida • (1)The Citrus System was transitioned to Citrus County on February 15,2007. (2)The Poinciana System was transitioned to the Tohopekaliga Water Authority on April 30,2007. (3)The Aloha Gardens and Seven Springs service areas are combined for Financial reporting purposes and called the Pasco Utility Systems. (4)The Consolidated System is comprised of thirteen small service areas. (5)The North Fort Myers wastewater treatment is comprised of 2 treatment plants. 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F' ,;; i y 9B James Moor Certified Public Accountants and Consultants INDEPENDENT AUDITORS' REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND ON COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS To the Board of Directors, Florida Governmental Utility Authority: We have audited, in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in the Government Auditing Standards issued by the Comptroller General of the United States, the financial statements of the business-type activities and each major fund of Florida Governmental Utility Authority(the Authority) as of and for the year ended September 30, 2016, and the related notes to the financial statements, which collectively comprise the Authority's basic financial statements, and have issued our report thereon dated March 10, 2017. Internal Control over Financial Reporting In planning and performing our audit of the financial statements, we considered the Authority's internal control over financial reporting(internal control)to determine the audit procedures that are appropriate in the circumstances for the purpose of expressing our opinions on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of the Authority's internal control. Accordingly,we do not express an opinion on the effectiveness of the Authority's internal control. A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect and correct misstatements on a timely basis. A material weakness is a deficiency, or combination of deficiencies, in internal control such that there is a reasonable possibility that a material misstatement of the Authority's financial statements will not be prevented, or detected and corrected on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance. Our consideration of internal control over financial reporting was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control over financial reporting that might be material weaknesses or significant deficiencies. Given these limitations, during our audit we did not identify any deficiencies in internal control over financial reporting that we consider to be material weaknesses. However, material weaknesses may exist that have not been identified. - 83 - 121 Executive Circle 5931 NW 1st Place 2477 Tim Gamble Place,Suite 200 Daytona Beach,FL 32114-1180 Gainesville,FL 32607-2063 Tallahassee,FL 32308-4386 Telephone:386/257-4100 Telephone:352/378-1331 Telephone:850/386-6184 Fax:386/252-0209 Fax:352/372-3741 Fax:850/422-2074 dab@jmco.com gnv@jmco.com tlh@jmco.com Member of AGN International with offices in principal cities worldwide 9B Compliance and Other Matters As part of obtaining reasonable assurance about whether the Authority's financial statements are free from material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements, noncompliance with which could have a direct and material effect on the determination of financial statement amounts. However, providing an opinion on compliance with those provisions was not an objective of our audit and, accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards. Purpose of this Report The purpose of this report is solely to describe the scope of our testing of internal control and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the entity's internal control or on compliance. This report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the entity's internal control and compliance. Accordingly, this communication is not suitable for any other purpose. att44. Pt40EZ (45*. Daytona Beach,Florida March 10 , 2017 - 84 - Pennington 9 8 MooreFrederick L.Busack Wilkinson Attorney at Law Belli (813)639-9599 fred@penningtonlaw.com Dunbar-RA. ATTORNEYS AT LAW t)euuing1outav coin September 27, 2010 Robert Vocisano Sharon Romer Quality Inn Golf Resort 4100 Golden Gate Pkwy Naples, FL 34116 Mr. Vocisano and Ms. Romer: Tarek and I appreciated you taking the time to meet with us. We also appreciate the cooperative relationship that has developed between the FGUA, its local service provider and the golf course resort owners and operators. As you suggested in the meeting, we have been investigating the title encumbrances and fee conveyances on the golf course property and found a number of problems.The great news is that it doesn't appear that anything is too difficult to remedy. Attached as Exhibit A,you will find a complete summary of our title search.We have also prepared a couple of maps to assist you with identifying the issues. The first map, attached as Exhibit B, illustrates the locations of the fee parcels and utility easements on the golf course, and the second map, attached as Exhibit C, illustrates the location of an access easement that was apparently originally intended to provide access to the water plant parcel, the adjacent maintenance area and the parcel with the large antenna located on it. Attached as Exhibit D are copies of all the documents identified in the title summary. By referencing the first map (Exhibit B), the most significant problem that we see is that, due to numerous conveyances of the water plant parcel, and apparent mistakes in the legal description,the FGUA finds itself in the strange position of owning two water plant parcels.The primary reason for this strange situation is the apparent error in the legal description used in the quitclaim deed recorded at Official Records Book 1131,Page 1230 of the Public Records of Collier County, Florida. By referencing the second map (Exhibit C), it seems pretty obvious that the access easement to the water plant is in the wrong location and should be properly located and corrected to reflect the access that all parties actually use. The terms of this easement are somewhat unusual in that it appears to give the FGUA the right to license others to use this access easement--which is apparently exactly what the FGUA's predecessors did.It is this license that allows the owners of the parcel that contains 2701 North Rocky Point Drive, Suite 900 • Tampa, FL 33607 • (813) 639-9599 • (813) 639-1488 fax TALLAHASSEE TAMPA CLEARWATER Letter to Vocisano and Romer 9 D September 27, 2010 D Page 2 the antenna(identified on the first map as the"Cable Parcel")to access their fee parcel. A license,by definition,can be revoked at will by the grantor of the license. Consequently,this is a somewhat precarious title state for the antenna parcel fee owners as this is their only access to their fee parcel.Additionally,the terms of the license are rather onerous on the antenna fee parcel owners as they have the sole responsibility to indemnify the FGUA for any damage that may occur to the access. For example, the hurricane damage that you pointed out in our meeting and in your prior correspondence would be the complete responsibility of the antenna parcel fee owners under the terms of the license. As you pointed out, this is probably not equitable, nor what the parties likely intended- but the license terms remain. One item that is not shown on the map is a utility easement that we discussed in our meeting. It is recorded at Official Records Book 4508, Page 1308. As we indicated in our meeting,this easement was recorded in the public records without the FGUA's knowledge or approval. It was apparently conveyed to the FGUA to contain a small portion of recently installed pipeline that extends outside the 30'-wide utility easement between the water plant parcel and the lots on the west side of the golf course. The portion of pipeline that lies outside the granted utility easement need not have been contained within this additional encumbrance. Instead,since the portion of the pipeline lying outside the utility easement lies under the driveway within the existing access easement, it would have been a simple matter to make the access easement into an access and utility easement when the revised legal description is completed. This would have completely eliminated the need for this additional encumbrance. While there are other smaller title defects outlined in the title summary below,these seem to be the major problems. However,it may be possible to further clear the title on the golf course,because it appears that the FGUA may no longer need the easement lying across the golf course property and extending up the east side of the property,so long as the FGUA can get another easement closer to the water plant parcel. It may be possible to have this easement located partially within the second water plant parcel illustrated on the map, with a small fee parcel reserved for the well itself, and extend northward along the cart path to the original water plant parcel.Naturally,we would wish to work with you on this to be sure that it does not interfere with your golf operations. To assist us all with developing a summary solution to this rather lengthy set of title issues,we have taken a stab at outlining a proposed global resolution: Proposed Resolution 1. The golf course fee owners,the antenna parcel fee owners and the FGUA will evenly split the cost to have the antenna parcel and the three associated appurtenant easements and the water plant parcel and two associated appurtenant utility easements Letter to Vocisano and Romer 9 B September 27, 2010 Page 3 surveyed to create correct legal descriptions that all three parties can agree upon.The surveys will be certified to all three parties. The surveyor will also make sure the associated appurtenant easements properly connect to the revised fee parcel descriptions. 2. The golf course owners,the antenna parcel owners and the FGUA will evenly split the cost to have a replacement access and utility easement surveyed. The easement should be located about 10' west of the existing concrete drive and abut the antenna fee parcel and the water plant parcel on the east side of the corrected easement, then extend along and adjacent to the water plant parcel south boundary. 3. The FGUA attorney will prepare corrective deeds to adopt the new legal descriptions for the fee parcels and draft two new non-exclusive access and utility easements to replace the current access easement and access license and incorporate the new legal descriptions. The access and utility easement for the antenna parcel will terminate at the antenna parcel's southern boundary while the FGUA's access and utility easement will include this same area as well as the area extending along the west boundary of the water plant parcel and along the south boundary of the water plant parcel.The FGUA attorney will also prepare a bill of sale to the golf course fee owners for any pipelines or appurtenances that may lie within the exclusive easement to the east of the water plant parcel that will also be vacated. 4. The FGUA will vacate the current access easement and the exclusive easement east of the water plant parcel and record these vacation instruments in the pubic record along with the bill of sale conveying any pipeline or appurtenances in the vacated exclusive easement to the golf course fee owners. 5. The FGUA will revoke the access license to the antenna parcel fee owners and record the revocation in the public record. 6. The parties will record the corrective deeds for the antenna parcel and three associated appurtenant easements and the water plant parcel and two associated appurtenant utility easements. 7. The parties will record the new replacement access and utility easements. 8. The FGUA will quitclaim its interest in the second water plant parcel created by the quitclaim deed recorded at OR 1131,PG 1230 to the golf course fee owners. 9. The parties will equally split the attorney cost that the FGUA incurs to repair the title for everyone. 10. The parties will develop an agreement to deal with maintenance and damage 9B Letter to Vocisano and Romer September 27, 2010 Page 4 to the access road moving forward and resolve any other issues between them,including,but not Iimited to tree trimming,planting restrictions and set backs and any other issues that any of the three parties feel should be included in an agreement between the parties. Please let us know when you will be available to meet to continue the resolution of these issues. It would probably be advisable for all three parties to meet next time so we can all see and understand the issues and the proposed resolutions. To that end,we would appreciate any information you may have on the proper contact persons for the current antenna parcel fee owners.As we indicated in our meeting, we also welcome any additional title information that you may have uncovered in your internal records search that could add to the title summary we have assembled to date. We look forward to working with you to resolve these problems and continue our cooperative relationship moving forward. Sincerely, frkzi 411111211W11. 74NA Frederick L. Busack, Esq. Pennington, Moore, Wilkinson, Bell & Dunbar, P.A. FLB/lb 9B EXHIBIT A Title Search Summary 9/23/63 PB 5, PG 60 - Gulf American Land Corporation plats Golden Gate Unit 1. This is where the access easement from Golden Gate Parkway to the water plant site will be located on a parcel identified as Tract B in this plat. 8/29/66 OR 221,PG 410-Gulf American Land Corporation conveys in fee the future site of the Best Western to Golden Gate Inn, Inc. 4/3/69 PB 9,PG 107A-Golden Gate Golf and Country Club,Inc.and Gulf American Corporation plat Golden Gate Unit 8,Part 2.This is where the water plant will eventually be built on a parcel identified as Tract A in this plat. 1/8/73 OR 530, PG 916 - This is the deed from GAC Properties Inc. and Golden Gate Golf and Country Club, Inc. to GAC Utilities, Inc. conveying the water plant site in fee and two 30'-wide utility easements that intersect the fee parcel. Notes: 1) The legal description of the fee parcel does not close. 2)The legal descriptions of the two 30'-wide utility easements appear to be correct. 4/30/73 OR 530,PG 922-This grants a 30'-wide easement"for road purposes"to the utility, its assigns, successors, agents and, strangely, its "licensees." This appears to be interpreted to allow the utility to license others to use this easement. Notes: 1)This seems intended to abut the entire west side of the water plant site and extend around to an entrance contemplated on the southern boundary of the water plant parcel. 2) On the Relative Access Easement Location map,this easement is denoted in orange. Note that it does not appear to line up properly with the actual location of the water plant parcel. 3) This easement does not mention use for utility purposes so although the pipeline that was improperly placed apparently lies within this easement, it could be argued that this may not be an allowed use of the easement rights conveyed.There may also be a gap between the easement and the fee parcel. 6/18/73 OR 538,PG 353 -This is the deed from Golden Gate Golf&Country Club to Gulf Communicators,Inc.for the fee parcel that contains the large antenna,adjacent to the north boundary of the water plant parcel. 9B 11/1/73 OR 585,PG 85-Golden Gate Golf and Country Club,Inc.grants numerous drainage and power easements to GAC Properties Inc.that will encumber the eventual water plant parcel and subsequent utility easements and access easements. 11/1/73 OR 585,PG 92 - GAC Properties Inc. reserves the same easements outlined in the previous instrument to itself and its assigns or grantees. 5/8/74 OR 589,PG 760-This is purportedly a corrective deed to correct the legal description in the fee portion of the deed recorded at OR 530,PG 916,but the corrective description of the fee parcel does not close and is therefore a nullity. 6/10/75 OR 622,PG 787-This is the corrective-corrective deed! It is intended to correct the erroneous legal description used in the corrective deed recorded at OR 589,PG 760-- which itself was intended to correct the erroneous description used in the first deed recorded at OR 530, PG 916. Notes: 1) This creates the legal description of the plant and the two utility easements. 2) The easement on the west side of the plant begins between Lots 13 and 14, Block 281 of the Golden Gate Unit 8, Part 2 subdivision recorded at PB 9, PG 111. 12/20/82 OR 2848,PG 2969 (recorded as part of the Assignment of Interests from Florida Cities Water Company to the FGUA which begins at OR 2848,PG 2958)-Frank J. Callahan,Norman S. Edelcup and Juanita Rivera,being directors of Golden Gate Golf&Country Club,Inc.,a dissolved Florida Corporation,quitclaimed their interest in Tract A, GOLDEN GATE, Unit 8, Part 2, as recorded in PB 9, PG 107A to Domenic D'Agostino, Frank D'Agostino, Marion (sic) Vocisano and Robert Vocisano. Note: 1) This deed specifically excepts the area previously conveyed to Gulf Communications, Inc.by the warranty deed recorded at OR 538,PG 353, but nothing else. 4/12/83 OR 1086, PG 181 - Frank D'Agostino quitclaims his interests in Tracts A and B, GOLDEN GATE,Unit 1,as recorded in PB 5,PG 62 and Tract A,GOLDEN GATE, Unit 8, Part 2 as recorded in PB 9, PG 107A (among other parcels) to Robert Vocisano, Mario Vocisano, Dominic D'Agostino and Salvatore Forlani, who are identified as a Florida general partnership also known as Golden Gate Inn. Note: I) This deed specifically excepts the area previously conveyed to Gulf Communications, Inc. by the warranty deed recorded at OR 538,PG 353 as well as the areas purportedly previously conveyed to GAC Utilities,Inc.by the deeds recorded at OR 530,PG 916 and OR 589, 9B PG 760 but makes no mention of the corrective-corrective deed recorded at OR 622, PG 787. 4/12/83 OR 1086, PG 182 - Sam Montello quitclaims his interests in Tracts A and B, GOLDEN GATE,Unit 1,as recorded in PB 5,PG 62 and Tract A,GOLDEN GATE, Unit 8, Part 2 as recorded in PB 9, PG 107A (among other parcels) to Robert Vocisano, Mario Vocisano, Dominic D'Agostino and Salvatore Forlani, who are identified as a Florida general partnership also known as Golden Gate Inn. Note: 1) This deed specifically excepts the area previously conveyed to Gulf Communications,Inc. by the warranty deed recorded at OR 538,PG 353 as well as the areas purportedly previously conveyed to GAC Utilities, Inc.by the deeds recorded at OR 530,PG 916 and OR 589, PG 760 but makes no mention of the corrective-corrective deed recorded at OR 622, PG 787. 3/30/84 OR 1077,PG 772-American Cablevision Services,Inc.,f/k/a Gulf Communicators Inc. conveys the antenna fee parcel and guy and power line easements described in the document recorded at OR 538,PG 353 to Florida Cablevision Management Corp. Note: 1) The description confirms the existence of the access easement recorded at OR 530, PG 922 that is located adjacent to the fee parcel. 3/30/84 OR 1077,PG 774 -This is a license agreement from Avatar Utilities, Inc. (AU1)to Florida Cablevisions Management Corp.(FCMC).This appears to be a license from the non-exclusive easement holder(AUI)to another entity(FCMC). This is usually not possible unless the easement is a perpetual,exclusive easement,but this seems to have been contemplated by the parties as indicated in the easement grant noted in the instrument recorded at OR 530, PG 922. Notes: 1) This is very important as this appears to be the only basis by which the cable company can access its fee parcel. 2) There is an indemnification in this license whereby the licensee agrees to pay "for any and all liability for personal injuries,property damage, or for loss of life or property resulting from, or in any way connected with, the condition or use of the premises covered by this License,except for personal injuries,property damages,or loss of life or property caused solely by negligence of Licensor." 3)This indemnification would seem to leave the FGUA without any responsibility to pay for repair of the road resulting from hurricanes. 2/25/85 OR 1131, PG 1230 - This is a quitclaim deed from Domenic D'Agostino, Mario Vocisano, Salvatore Forlani and Robert Vocisano, who are identified as a Florida General Partnership, to Avatar Utilities, Inc. for the water plant parcel and the two 9B connecting utility easements.The legal description for the water parcel does NOT use the correct description found in the corrective-corrective deed recorded at OR 622, PG 787. It uses a different call distance from the point of commencement that is 685 feet south of the original description.However,the description does apparently close. This therefore amounts to the conveyance of a second water treatment parcel located to the south of the original described parcel. Note: 1) In addition to the first call distance from the point of commencement,this legal description varies slightly in the remainder of the legal description from that recorded at OR 622, PG 787. It will have to be determined by a surveyor which is actually correct. 12/31/86 OR 1241, PG 2343 - Dominic D'Agostino and Salvatore Forlani quitclaim their interests in Tracts A and B,GOLDEN GATE,Unit 1,as recorded in PB 5,PG 62 and Tract A, GOLDEN GATE, Unit 8, Part 2 as recorded in PB 9, PG 107A (among other parcels)to Robert Vocisano and Mario Vocisano,a Florida general partnership known as Golden Gate Inn. Notes: 1) This deed specifically excepts the area previously conveyed to Gulf Communications, Inc.by the warranty deed recorded at OR 538,PG 353 as well as the areas purportedly previously conveyed to GAC Utilities, Inc.by the deeds recorded at OR 530, PG 916 and OR 589, PG 760 but makes no mention of the corrective-corrective deed recorded at OR 622, PG 787. 2) This deed also specifically excepts the properly deeded to Avatar Utilities, Inc. as recorded at OR 1131, PG 1230. 1/15/87 OR 1251, PG 790 - Avatar Properties Inc. grants a 10'-wide utility easement to Avatar Utilities Inc.along the south side of Lot 14,Block 281 of Golden Gate Unit 8, Part 2.This increases the 6'-wide public utility easement that was dedicated pursuant to the plat another 4' and specifically names the utility company as the grantee. 3/17/87 OR 1270, PG 2130 - Dennis Getman records an affidavit that indicates that Avatar Utilities inc. has merged with Florida Cities Water Company. 3/23/89 OR 1434, PG 238 - Golden Gate Inn / Robert Vocisano grants an easement to Florida Power & Light Company to presumably allow power service to the water plant parcel. Notes: 1) The legal description does not connect to the actual water plant parcel. Instead it connects to the quitclaimed parcel recorded at OR 1131,PG 1230. 2) The grantor does not appear to be the owner of the fee where the easement was granted since the easement granted actually lies within 9B the second water plant parcel conveyed to the utility pursuant to the quitclaim deed recorded at OR 1131, PG 1230. 8/23/96 Not recorded - On or about this date, Mike Acosta, a Vice President for Florida Cities Water Company, signed an "Agreement to Purchase an Easement"document that had previously been executed by Robert Vocisano and Mario Vocisano. Notes: 1) This is essentially a purchase and sale document. 2) The sale apparently was completed as evidenced by the recording of the easement below. 3) Paragraph 21(a)indicates that this agreement is not to be recorded. This paragraph also provides that the contract shall bind the successors to the parties. This would suggest that the provisions of the contract may have been intended as a restrictive covenant that runs with the land, but the absence of these specific words and the restriction against recording the document seem to contradict this interpretation. 4) Paragraph 21(b) seems to contemplate an ongoing payment of property taxes over the 1.55 acres that are encumbered by the easement.The payment is apparently intended to be the taxes for the fee value of the encumbered lands even though the interest being sold is only an easement. 5) If the document is deemed a restrictive covenant,it does not apply to the FGUA. (See Ryan v. Manalapan,414 So. 2d 193 (Fla. 1982). 6) Despite the claim that the contract binds successors,the FGUA is not in privity of contract for terms that it did not assume. There is no mention of the contract in the Utility System Asset Acquisition Agreement. 7) Even if the FGUA is somehow deemed to stand in the shoes of the Buyer in this contract, the sole remedy for the Buyer's breach according to paragraph 15 is the Seller keeping the deposit as liquidated damages. 8) Paragraph 16 has a prevailing party clause in case of litigation. 9/11/96 OR 2228, PG 1331 -This is an exclusive easement for the well located near the 1st tee and Collier Blvd. (a/k/a S.R. 858 on the plats and C.R. 951 in a number of conveyance documents)and the pipeline that connects it to the water treatment plant. Notes: 1) This expires automatically if abandoned, but abandonment is not 9B defined. 2) This can be used for more than 1 well. 3) There seems to be a belief that the FGUA is to pay for taxes related to this. There is no such provision in this instrument-only the unrecorded purchase and sale agreement described above. 4) This parcel does NOT abut the right-of-way so legal access, including power lines, is only currently possible via the water treatment plant parcel which would probably be detrimental to the golf course if the FGUA were to use the easement for power lines. 4/7/99 OR 2536,PG 900-This is the Special Warranty Deed whereby Florida Cities Water Company conveyed the water plant parcel, and all other Golden Gate fee parcels, to the FGUA. The legal description of the water plant matches the legal description in the corrective-corrective deed recorded at OR 622, PG 727. 11/6/09 OR 4508, PG 1308 - Someone, without the knowledge or consent of the FGUA, records a utility easement from "Golden Gate Country Club owned representative" to the FGUA for an area that supposedly contains the pipeline improperly installed outside the FGUA's existing utility easement. Note: 1) This does not appear to be the proper name of the grantor. 2) It does not appear to be signed by the grantor, but is instead filled in with a printed name. However, Sharon Romer, the notary who notarized the document, who is also the General Manager/Comptroller of the property,indicated that this was indeed the person's signature(apparently the superintendent of the property at the time) and that the owner had authorized the execution of the document. 3) We do no know whether the easement described in this document actually contains the pipeline that was installed outside the FGUA's existing utility easement. Summary of Title Problems for the Fee Owners that the FGUA can Help Resolve The access easement recorded at OR 530,PG 922 encumbers significant land that is not used by the FGUA or any other party for access. It is therefore an unnecessary title encumbrance that can be removed if a correct combined access and utility easement is substituted. 2. The quitclaim deed recorded at OR 1131,PG 1230 granted the FGUA a second water plant parcel. This significantly encumbers the golf course owners'property and the FGUA could quitclaim its interest in this second water plant parcel back to the owners to remove this 9B problem. 3. There is considerable doubt about the actual legal description of the water treatment plant parcel since it has been conveyed a number of times and the legal descriptions in these instruments were not consistent. The FGUA and the owners could get a survey to properly describe the water plant parcel, its associated appurtenant utility easements and the new combined access and utility easement running north and south to the parcel. Corrective documents could then be prepared and recorded that would resolve the title problems for good. Due to the doubt in the water plant parcel description, it is likely the adjacent fee parcel on which the antenna is located is also defective. To make sure all parties are protected,both fee parcels should be surveyed with the surveyor certifying the survey to all three parties. 4. If the FGUA no longer needs the easement to Well#9 and a replacement easement closer to the water plant parcel could be obtained,the FGUA could vacate this long easement across the golf course and provide a bill of sale to the owners for any pipelines or appurtenances that might be in the easement. 5. The FGUA is the grantor of a license to the owners of the antenna parcel so that these owners can access their parcel. The ability to grant the license is indicated in the easement grant to the FGUA's predecessor in interest recorded at OR 530, PG 922. The FGUA could revoke this license at any time and leave the owners of the antenna parcel without access,but it has not done so because the license also provides that the owners of the antenna parcel will indemnify the FGUA for any damage that occurs in the access easement. Consequently,the golf course fee owners are obligated to look solely to the owners of the antenna fee parcel for any damages that may result from hurricane damage or other maladies. The FGUA could consider some more equitable solution to these problems for the two other fee owners. 7. Without the FGUA's acceptance or knowledge,someone recorded an easement over the golf course fee owners' property that was executed by the golf course owners' previous superintendent that creates an encumbrance on the golf course fee owners"property that is not consistent with other easement encumbrances on the property. The FGUA could vacate this easement if it is replaced by the combined access and utility easement outlined above. Summary of Title Problems for the FGUA that the Fee Owners can Help Resolve 1. The access easement granted pursuant to the instrument recorded at OR 530, PG 922 does not reflect the actual location of the road used to access the plant.The owners could convey a new combined access and utility easement along the actual location of the access driveway,also assuring that the corrected easement would abut the antenna parcel and the water plant parcel. 2. One of the FGUA's contractors installed a pipeline that strayed outside the utility easement into the access easement for a few feet.The owners could replace the faulty access easement with a combined access and utility easement in exchange for all the other title resolutions outlined above. EXHIBIT B 7 B Gii . E •••a• • ' X11 W Vi'',TrJ:/•1.0 7S �ilJ AL 3 /l FT wmr ..7...ta,- 1. -,..- a.._..._,, 1 ,..44,.._,- i 1 r. . ! H -`',- e L; II.3: . e\t, a,,A,.t.k,11' 101 •.. ik, •."4 ' itti '-. . . iff,,, Or'''' ' V . ':.'" "• ri N , , 1 ..__L__,____, ,...,„„,..:::,......„ . N -, v_..1'• 'II' N. :1 SCALE I. ..+s..----w.wf.S�an--A•: v 1111 la-'''• -Lit • NIE111111 i : , rangis �I�..�..,'.._.' •.,.'........n V....wow w......e,,114.0 w-,, , 1 1. ,Er f i 1, ,1•L.. jj,! ,.:p . �s.. �....� - N 1111. •� g:;' +: .n++ ,w. . . 1111. 1111 •1111,. un 1111 w ,r. 3 11 9B EXHIBIT C 41fe71 n.• an w.wAa.vca— ,.s��,.� EurY ri V.0± La ;pr_ 1 ! F } 1; i'.. Iii In I :I isrr 4• . , 0 II, � x ;1 I'i ., ... . -L1.' ' .. �� ... ...... : , I I tt t Ig _" ' I 14 8 1 _.fes IAfaL G." . ixi ., ;_-_,-.-- . \ .. \-,..._-,,,-,,Ti.t. t • \ . ,;,.---.--.-A 8 �_�-ala,, :+�` ' tI t I 1 \ /`;� .y t ..-s...,_ 1- .100 a ..e e',..>) `` " a' i SCALE —1. , ya ^^Ag.,,_ ytFT}F 98 EXHIBIT D Rader aod MartoImes GOLDEN GATE ,...„_.., Miami,Florida Unit 1 . A BUBOIVISION DF PORTIONS OF SECTIONS 22}ET TOMOS.AGE.22.£. COLLIER COUNTY,FLORIDA. .,...I...T...71:41.tt.T.C.f...n.VC.'...'.7::7..r..,-;.•,;;;;=:,•.;;;,": "'"MTI.r....-....--a:L...,...,-- ....._.,... i7:i:Ll','1:::0.4"47tiji7:55747::4-":T.t -"7=17"-=•::---':-'7'. ..V42 .-- i.•::a•-n.';"1:','7':TE:;1:".t:`,T.41.54,1 ,4.1f.2'...r•':..',= 4=14- 4- qtTr ''''• 1:'..'..;,1°.:' ,.-:..;""'•"-.7.'v:6:-Zr..1::-.:'7•:.;7•I-:',. ' `.=.'.".1"..!:te.t.'t f.'21:71''..7'LltIol:;'‘,..'s:P.'.:::::i°7'''- -•-•.";.':1:-.J. R.;tr-PiAr- ...4f,±...,‘ 43:"..r..=:...5.;•13.:41.rf.::::::7";,,:4 nTre=N:''..."...al-M..a.1:" V..74..............i• ."F=r.i.m,...........•.ri..:1.7raD..-"'' ....X.:s..:...-7;.:,I.T-..;;;•;',',-C.,'''.7,....:,f:,.....4............•.., ......Licregf:r..Z:,..".!1.7X.A:Z.7,14 AL'ai'. ,:rt--.-1-. ,t" -.,F.:,-;.;•.7.:,-..7..:?.;...--.....7.:,::::....-.....-_ill,. -4-A212-744 4 -- . i I N - --- -...',-':•E--4:"..7'ilY-,":::.^..:.•'z'.."-.. ....:1-7..,2A7:3;::';'''..'4'..."''' I -1'- i. 1—1--L4 ....*"''''',4 ".'''''..µ:e1,.„i51.....',..:,r34:÷•.. .-... It4.141._G E 1.11•11IL_,47...., :."...7F:5'12.77'7,:e.-^.r:-.,::-•,••••.'•..-%Iv...Jr '''''''')-----VT,I.4, ,7---L-Z• t 1 , 1 LW.ILML,11011 r•••• ' ;fm:•11...'M7:"%•itii•;t.'"'".'77.';'.".‘11'17"=.4'S ...g:1:--''..-- ..Ly..„.. 7 LOCATION 144,i 3EILT MAN L'=:,-.1t-z---:-.4::,:•7.1 .::-.........- . -......- OW, Of S R'der and "14ciliel GOLDEN GATE -----c---L--- Miami,Ylorlda Unit 1 1 ...... ii., 1;11 VI r k 1 —I ..------ --- IL1.... . ,—...----...-.111..---PtAittr—y--4-T -74.9111----sur--564-- it L : ILI . .() : ! : 1:. " 1 b . ' ' • t ' . 1 ' ' Hi z '' .1 0 1 • ..' ... ti r z I : :. •, . , 42--ISPINPLLOI ... ". !ATI ',kg.- I I I 1 etrgl- N 1 1, A I 1 . ' . • . ' ....- __ i •••7 Iii••••1•19 kttnit • DELT e OF S 9B of 1 ! Rader and A1160[163633GOLDEN GATETH-nY 8001L-znAGE_tY_ ifr Miami,Florida I i - Unit 1 N ill :11, �lii - ---- i L __ A Y_ if L Miami,F . cgisimariamono L 1 i a , 1 Y r , - ='r ,. .—, ;"t•y ^� �► . . , • 1 TRACT.A. 1 i (• -.- . �"� Tara *e 11 . I .E'� 0 •1• Ir. 1 . . . i j 1 , I . r • r - il- filitLor__:---__,,,,--,It „.._ ... a • ii. I�' __ , � _ I _ ` _ ....' . .wa° :- , 11 9¢E1 r Or a RadM �FFlorid;It. GOLDEN GATE PLATT .,� --- Unit 1s ...., ft.,. > . I ,,_... , II . � , I - ,� : j ,. » Fi j� 1 . i° . . � . .i• .1 L [ .. aa— , bru : li 1 1 1 I -.1 . < < . . _ ,----=- c 2g 4 L, tJai • leo. *CLT 4 Or 5 98 Rader aod Anacleto GOLDEN GATE ----L-PAGE-44- Miami,Florida — Unit 1 ...... rser ......... Ailriuse"411-1" %.* * 11 :11'4,11VMP-4-P . II la • 0 Wt ' -.... ..'l''''''' 4• • '''12 r- . i a - 11 1 • I 1 ' N . ,® .. t 1 1 ,4 • 0 14 • 40_,HB • i) 4• • le 0 v i ,11 . 010 • 0 • 01 • --i% a ' " N :, • . ,i4). . • ,0„). • w i .....i) . 1 . a • ., • •171 .. m• • • -I. 1 - .,.-; .0. ..."0"..." „• 1 . . . . . iii-irs-a 2— .00'04•0,11—.4".`--6..f.: . 1,..,..tei. .a..lu, . ri ,:_______,, . . ,,. , „• ,,•• t. 2 .0 . t i 1 . . • i ! e • ta - 1, 1 , k ' - i'''i• ..-11.7- - 7 ..--xl--A—ra-3" , „--,.‘, Ii•-,..s.7 -.1bas '--1 1..... rtmis 1 -'-..r-siw..__1 „„ ',IV1 e -...'• ,....1 ---.--T- ) • 1 AI E....::-• .4 —77 J..., _ . — •••• V I I 0.049014-••--6KF14•-••.15.-0404.0140,f_. . ___ -"'ik--- -1.—,...00,1.1a-o-.0raear246------- 1- fi..; 1 — 1.L.1 1 9B 126691 enn ►[ ( 7 Warranty a,CJcc� .[,2 1•�I�i10 ll _ Thle Indenture,11.4,,bib I1th day of August .A.D.It 6e, 5.t-... GULP 1MTIIICAN LAND COW'ODATIOIte a ►lorlda corporation, t party of the lint nett and 006DC GATT INN. rue., a Florid* oorpe-ation, — whom el ITN eee.Ad pert. J - _ wh. pest arks'dims Is: Golden Gate W tates, Naples, Plotida. Whu nectb, Thal lbs gad Mel y of the first part.fee nod in ena•$I•ratlon of the neat s, of TEN 110td.ATS AND UTIIE.R V ALL'Afl to\:smE1:.\TfONS to it In' paid by the pasty of the second part,the recital',cheroot Is hereby acknowledged. has sealed.ba gained nod sold to the seld port y at the.ewer pan, • k • t its auecesaoreaad a••IFns. forever. thefollor'Inc dearf,.d Iand.ehame.hlot Aad be• lag In the Could).of Collier and&ale of Florida.tm.•I1: •_ DCGIHNINC et the Northeast a-orner of Block 1, GOLDEN GATE, I UNIT 1, ea recorded in Plat look S, pegs 61. of the Public I •..i :'• : lecords of Collier County, Florida; thence along the East A. : line of said clock 1, South 450 /sett thence Mut, 110 tact' ' - thence Narth, 75 feet' thence Hest, 170 teat) thence south t ' : t 75 fest! thence Meat 140 feet to the Meet line of .aLd tr ' . Clock It thence along the Nest line at said Block 1, ` . '* ^:a North 460 tut to the South line of Golden Gate Perkweyt n Coke ' i i:K . `�4 650n feet to thea Place atine of leginningd,sbeing pertkway of Bl ckl 1 of ...Lid GOLDIN GATT, UNIT 1. tri``..• :].:t...• vii ' • :t3 3 br, .e•.Y . _ And the nail part y at the not peel does herehy(elle camel title to sald lead.lode'' t ` .111 defend the sage sealed the lariat delfts of all Pewee rhemssceer. . la When What Use Bald part y of the nen part hu caused throe p'ttel onts'te i e. `~ he signed Ln ie nubsby its duly antheritad off Loer, and;St►'icarporfta - aeal to be affixed, the day &ad year&bora written- iti,•,0.b t4'I �. 5' .?,restart d delivered i t prewar..•(est _ • ,n ea GULF ANE CAN LAND .._ eO gonraro+�_ _....,.,.IS::h a ,� ��4� �Lc/af tip .ate. ;s,u , -"-..._ ._ _._. FTM_-. _..._.._._ _t 11 . .. ltalr.l _..FIAaIOA ya.u.k-.r•...V, io:w i Greedy•1 DAD* m.o.hat I.Kon e 44 ........1 cwt • I Hercby Certify teat on 164 day perwnelly appeared b.f R. e, an NR. JAoffkor dulya.r. thoNsed to administer oaths and take neknowledrements, a. Vice President og GULF ANSNICAN LAND CORPORATIOti, a Florida carp- - or anionL is me wellon,6wrrn lo be the penes described Is sad rho executed the foregoing decd. and ..ctnowledttd before W tial he executed the same freely and reluntnrl1.toy the perpar therein expensed le such officer duly authorized and affllsed;;rr..•., thereto the corporate seal.IL u.-4. r1 4 Wileue m>'fiend and mat VL da/.f Q ;::4,1).15. fl. :,i t • ✓ Lir L'C-fy1 :. it ` lly nide camIntstilt uPska: Notary Public t\ototy i•S tl,r`7' - aelleeNn1itrnntrinewudLKt � � M,weals, ..r,L..t'.e.eL-. IL I14.-r—...• - - -.w •"_.s'ULW'077tafi.t�y watt v,�i t�sasuel�•e sad NIUIOIt I'sr%t``. . e a• _ r . 9B Radule,iteltta GOILI I g1a 'tar eot.L4-ma_itua ilS — A ournviAD1/er pi ca,dtalaa IIri5eg4a,aum aaW cavilnook = Y��¢' -,'5efS • +t'- •- - _�j ig:f ...-..:: '.-.7,1:;a,..._ Ir l.orymr`vv F.¢r rude _ —: r 1 {lade wad Anacleto `Y!o IIl.o ago Gir, g, KA*e000_Ma1tL Wxi.Florida :• —•—CJ�lt 0 Part 2--_ NI 1 \fir IM 1 n_ si Ksrs a 1. 98 . ilado and Acmebats Gc211,13,217 GT,TE PLAT scog-1-Poda-tpl. Mad.Vlorida \I -1:. I N ——Ehlit 0 Pert 2 — ,:r I I .-:.1., .,,,. , ,,,. . .--,...-ekwr ,-- „,• - r.t ; ..... , •1 3-_:_..,.,__-nn.ce.....t.so...-F-i .. ...' 1. 1' , ' 6 "1 -. ' • • . :,:r: : i I •- 7.7,r.trI,court - 11,-...Cr..k,- in 4 .,...:. ,_:__, —___._-nt.,''.. -si- .....ur.--,t;i:e.--•"' • ":1-':-.it'7°-- - !.','•I:4." ' . ,6;:• ''-g./ •-!-...--- ...,..-----'-,-;V:' .:...,ii.i,A..,a les,,s,..,i+,./.J. V.•••”, AI O.,,3. y..,,,j lk.t, • . '1. .. :..' I . ..._1 — —7- GOL1)1.114 Glift?g, ------ 1 ---13mit 0 Par t 2 1 ;.! ,! , • i.i..-.•.;:•i.-:-- 1 \i • Ll'I',*••• . - .-, . , .„,,,,,,, ._. I .. :,_ ...,..,a.-4-",,,,,t,,,,,,,- -'''''''''' ''":----,•:.-L-4 :I._ •1 — -- . I 1 -- -• . ____ _ _______.......____. ._ 9B -i - GG LEI2V GLUE. --...—.-- 1 -•—i]att C fart 2 --- I I ..Ia • 'i: I �.� L • ___J ______ • Want,91e.ii% .... Urait @ ?art 2 _. ... A. ; . • 9 �ffk�' it. un...du...,ill(4".. .ti M �.s MRYb • . 98 312102 ii' 530 ',ti t. 1' ' WARRANTY DEED - — THIS INDENTURE, Made, this 8th day of January, A.D. 1973 - �' BETWEEN GAC PROPERTIES INC, a Florida corporation existing t unier the laws of the State of Florida, having its principal . place of business in the County of Dade and State of Florida { and GOLDEN GATE GOLF AND COUNTRY CLUB, INC, a 4oride corporation . existing under the lows of the State of Florida, having its principal place of buxiness in the County of Collier and State _,. of Florida, and lawfully authorized to transact business in the State of Florida, parties of the first part, and GAC UTILITIES INC., Pnst nrrrc0 nos R1µ. Ca',e Coral. Florida 33000 a corporation existing under thu laxe of the State of Florida, having its principal place of business in the County of Leo and State of Florida, and lawfully authorized to transact buaineas in the State of Florida, party of the socond part, t:717^SSCTN: That the acid parties of the first part, for and in considoration of tho sum of SIX'ri Finn HUNDRED L^ (56,500) DOLLARS to it in hand paid by tho said party of the _ second part, the roceipt whereof is hereby acknowledged, hes granted, bargained and .:old to the said party of the second _ i part, its successors and assigns forever, the following described j# land situate, lying and being in the County of Collier and State of Florida, to-wit: {t PEE SEKPLE TITLE TO THE FOLLOWING REAL ESTATE A parcel of land in Collier County, Florida, more particularly described as follows and being a past of the Plat of Tract A of Golden Gate Unit 8, Part 2, as recorded in Plat Book 9 at Page 111 of the Public Records of Collier county, Florida, more . particularly described as follows: Commencing at the Northwest corner of Tract A, thence a running South a distance of 619,27 feet along the West boundary of said Tract A; thence running East 336.31 feet to a point, said point being also described as the Point of Beginning; thence sun North 09' 54' 21' East, a distance of 333.15 feet to a point; thence run • , North 0. 09' 03" East, a distance of 75.04 feat to a point; thence run North 47' 07' 42' West, a distance of 196.55 feat to a point; thence run South 89' 44' 566 West, a distance of 184.50 feet to a point; thence run South 50' 09' 46" West, a distance of 14.20 feet to a point; thanes. run South 11' 04' 09" Want, a distance .of 113.36 feet to a point; thence run South 3' 45' 30" i 4 West, a distance of 182.92 feet to the Point of Beginning. !Ai .` fr n y�_> six- 9B • , r� MEM UTILIME TY EASEMENT , 530(n� ME917 I .' An easement for utility lines 30 feet in width, being 15 feet • equally on each side of the canter line thereof, more particularly — described as follows, a Said line commencing at the Northeast corner of Tract B of Unit 1 of Golden Gate Subdivision, recorded in Plat Book 5 at Page 61 of the Public Records of Collier County, Florida, and thence running Mast 91.15 _ feet to the Point of Beginning and the center line of the easement herein described; thence run South • A 0' 02' 44" East for a distance of 1029.80 feet to a point; said point being the Southerly termination of the easement herein described. UTILITY EASEMENT An easement for utility lines located in Tract A of Golden Gate Unit 8, Part 2, according to the Plat thereof, recorded in Plat Beo+4 9 at Page 111 of the Public Racorde of Collier County, Florida, ' , • more particularly described as follows: tea. A strip of land 30 feet in width, being 15 feet equally on each side of the center lino tnorcoi, and such ease- ment cor.umencinn et the Southeast corner of Lot 14, Dlock • i,' 201 of said Unit 8, Part 2 of Golden Gate Subdivision; --• • and thence running South 84" 19' 21' East along said eaccrent contor 1:-c :or a distenca of 348.51 feet to the point of festerly toraination of said 30 foot neem- cent heretofore described. Iii WITNESS tmiERCOF, the said parties of the first part have - caused these presents to be signed in its name by its proper r' officers, and its corporate seal to be affixed, attested by its — Secretary, the day and year above written. • d'.. . GAC PROPERTIES ,INC. Attect:'s� •n .. By �l i r—�- r.: . secretary • L ; • Vice President •Srgned, sealed and delivered in•the presence of us: GOLDEN GATE GOLFIS COUNTRY CLUB, INC • ;'Etter E t,�{kJ• ,.Qy.w T� _ BY i','LL `J..ti,„ t c Secret rl+` ice President s .i .ned;, ea • •.Sled and delivered in the 1caesnce of us, AErSALV. coiiiicaea:��X04 ' Xu 31 813 AN 71 - NAht 2%•r r.SCOTT MUG• COLLIE COSSIT.nou"ro84 STATE OP YLDRrDA, ) ) COURT? OF 9B cY .',.. ;:i 5311 14.$18 { Jesuitry, HEREBY CERTIFY, that on this eth day of Jetry, ;.`.__ - A.D. 1973, before me personally appeared Rebgrtt L. Weintraub and Gretchen Nielke , Vice president and Secretary of GAC i PROPERTIES INC. and Robert L. Weintraub and Gretchen Nialke ,. Vice President end Secretary of GOLDEN GATE GOLF AND COUNTRY CI;JB, INC., corporations under the laws of the State of Florida, to me known to be the persons who signed the foregoing instrument ee • such officers and severally acknowledged the execution thereof to be their free act and deed as such officers for the uses and purposea therein mentioned and that they affixed thereto the official seal of said corporation, and that the said instrument is the act and dead of said corporation. WIT:MSS my hand and official seal at Miami rl in the County of Dada and State of Florida the day �* and year last eforoaaid. .r 1 This Instrument Was Prepared i`• •' 7tS'ealf; gy. Notary Public " Robezt L. Weintraub • Attorney At Law ; .I•7';-".17:607., 7980 Biscayne Boulevard w„.rPub.9;Iasi e...,.:cate:eksAniirt 0••• Miami, Clorida 33138 ` ; , ---t1 Rn^:I.:c+)t^�v_E i... \`• FLONG)A` .-" 4%, 1. arU:rl e.iks r:( • N ST.A7E n' FLbiOA.I ^0 pO�UMEN.f_cz.. -. lA P 7 ti P—T;.�.ivi�v: .f_� AXI J ',m.o',m.o.. rt, . k Ot,t r.w•r '•• - remwq mo«rt,,w.w ..:••(• "ma' Y..VA.C.T.iLCrt • V" -. .' •.t•-mo ew.... rop•,,..• Y _. "^ . '.ti.". i "'-.�^..�i=••iS.a`:'�* !Hti' .;��?,+.. ...ice, .S71. 0t 9B 312105 539 GRANT OF EASEMENT If , , THIS INDENTURE, made and entered into on this , Tom, day of April, 1973, by and between GOLDEN GATE GOLF AND COUNTRY CLUB, INC„ Golden Gate Drive, Golden Gate, Florida and GAC PROPERTIES INC., 7880 Biscayne Boulevard, Miami, Florida, hereinafter called "Grantora"; and GAC UTILITIES INC., 825 South Bayshore Drive, Miami, Florida, hereinafter called "Grantee". Grantors being owners of the premises described below, in consideration of the payment of Ten ($10.00) Dollars and other good and valuable coneideratior the adequacy and receipt of which is hereby acknowledged,grant, give and convey to GAC UTILITIES INC., its licensees, agents, successors, and assigns an easement for road purposes on the property hereinafter described as follows; A 30' easement in Golden Gate Subdivision, Unit 1, Flat Book 3, Page 61 and Unit 8, Part 2, Plat Book 9, Page 107A, more fully described as that part from a point at the Northeast corner of Lot 27, Block 201 Golden Gate Unit 48, Part 2 as shown on a Plat recorded among the land Records of Collier County, Florida in Flbt Book 9, Page 111, said paint being on the South right of way line of Golden Gate Parkway as shown on said Plat, thence run along the said South right of way line East 282.20 feet for a POINT OF BEGINNING and running thence from said POINT OF BEGINNING, along the center-line of a 30 foot road easement now described the following courses and distances: S 46° 37' 06" E, 40.81 feet, thence along the arc of a curve to the right, whose radius is 209.00 feet (chord bearing S 2042' 57" E 182.eo feet) an arc distance of 188.97 feet, thence S 0 16' 49" W 89.94 feet, thence along the arc of a curve to the right whose radius is 423.47 feet (chord bearing 5 8b 01' 27" H 1.14_12 feet) an arc distance of 119.47 feet, thence S 12° 11' 29" W 120.23 feet, thence alone the arc of a curve to the left, whose radius is 328.55 feet (chord hearing S 0° 20' 58" E 142.68 feet) an are distance of 143,83 feet, thence S 12° 54' 55" E 99.68 feet, thence along the arc of a curve to the right whose radius is 562.80 feet (chord bearing S 1 10' 33" E 229.05 feet) an arc distance of 230.66 feet, thence S 1Z0 51' 43" w 149.59 feet, thence along the arc of a curve to the left, whose radius is 416.87 feet (chord bearing S 4° 12' 42" w 125.41 feet) an arc distance of 125,89 feet, thence along the are of a curve to the left, whose radius is 51.00 feet (chord bearing S 47° 57' 33" E 70.24 feet) an are distance of 77.48 feet thence N 68° 31' 15" E 38.55 feet, thence along the are of a curve to the lefti whose radius is 188.00 feet (chord bearing N 770 01' 42" E 74.92 feet) an arc distance of 75.42 feet, thence along the arc of a The Inurauunc Wu Prepared B., curve to the left, whosewradius ie 60.26 feet (chard bearing N 43 30' 09" E 45.02 feet) an are Robert L Wcmtrmb distance of 46.26 feet to the POINT OF ENDING. Atrnrney An Law 7880 Banyne Boulcvud N7iami,Flerrda 33138 1 9B ac 500 I.«e[923 To have and to hold said easement of right of way hereby granted unto Grantee. IN WITNESS WHEREOF, the undersigned have signed and sealed this Agreement on the 30th day of April, 1973. ••••,, GOLDEN GATE GOLF AND COUNTRY CLUB, INC, CORPORATE SEAL D• �P.r ir. �!►ra.f'7�� • GAC :RO, :LT1E.S INC, I CORPOItA7l$SBAL 9 ; I .UP1{ •S±AT£ OF FLORIDA, ''COUNTY or WE ) I HEREBY CETIFY that on this day, before me, an officer duly authorized in the State aforesaid and in the County aforesaid to take acknowledgments, personally appeared Rohe rt L_ We intraub and Robert L. Weintraub to me known to be the persons described in and who executed the foregoing instrument and they acknowledged before me that they executed the same. WITNESS my hand and official seal in the County and State last aforesaid this 30th day of April A.O. 1973. Notary Ptiltlic a ,• r c! I CI.t... : C' -7e i .> • RIMED Wald E'4;,=I • L'RUy'A'.i.famERVR1IFdf ✓:.. boUk1FNr,RYT = :r : :)2s �t ni FLORI A SLi rte.IiSX �• 'SIVA e (inrn 00.55 KAY 30 81v(1H u '13 _ nL L — unru sats 'LC4C,rll ':G41T l'OGdf COLLIER COuRTY41.05i01 STATE OF FLORIDA o DOCUMENTARY STAMP TAX I g u DFrt Ot PLVTNUL e' ',� I =!UT els :��1✓✓a3••`1` 0 0.3 0 11,+44 I O/Kht.e.s/qe1 �t CallrtC CCYN.Y.�Ia C.LA •11C10.11.1.(cart a.n r Ctn.h Cuol 98 • e.4., • % J •',yyam� \ W co Irl J N. ,♦ • 15F`.t' '' a a p 009 I$ V. u'Ls U• , I#' 0 at; Imlm1 LE,-,1'4') ?:.1 P I I NI f. pp 1L5�-5,ri�� 1 VP. O'' 96. to .Ci 02/..;;;;,.,../i,..........,....,, �,mf a a_ aq : c `` NSlIial � mi • ,,...b. 403 � �`1' NI� � n W frl7IA AXpOS 9 3- mR.- 1 y 1..gl ,a ,LCA L v,o C { •u,•, --4 �.-; ~ q N1 co �-1 34 `p„S m f. '' v 3 �'M6 S TE�F% et4 C�Y1C -,Y '0 zwn J &tiffs z g I . �a o A' , pi- '£ fpm\2' ! .i o i '' LI",i M. 6 I tr, 1 m ifj,Vii- , h]M N B9y9•0•E'S•% "5- I n� .. im,XL /4 r 1'ie! Gly f I. 588'59'59'9! _� i �A Q s - • -,"- EAST =M SIOA' Y 0 1 ��,a fl BI K Z .9.2� , •e. ay N1 ii r ;ti•-,,1 �;1 • C t Nr - oC1 m I' Zi S • 1 ry ;(1, ; in nQfr of a 2r .di p '" , d .•11 t a w v , I 1 7 G Z ^�d.I ca y :.. ..„...... ...f... k :wee„ w - ' F •PARKWAY 9B HOA4EQb:' rrTt3Rh! 77. 98 � : ,t. • , ;. .1,1'4 ,r.......m,....,.rte.,..., aZ1brt4�i w..ro•sroar,yv, 1 '•1 t 9+ � ' arrtantg Diad ►,t 537 S r , 353 • �.a (.his .nilrnlurr. Ude,this LNth chin/ ,ret to .4.11 W 73. — • tit:TW KO GOLDEN GA rE GOLF 4 COUNTRY l'L,VO, .o reepoe.ri,.n nhtinp mol.r the dirt of the Stats.f Fla;Id:. ,*mein,iu pinrtp.l pore of —: !nutmeat in rhe roomy of Collier met F•otr of Florida 1, ofd tarjoih .adnri.r..i to ra...et bruins.no th,. State of Finds. purr of rhe fru port, nod - T •! GULF COMMUNICATORS, INC,. 1324 Lafayette Strcee, Cape Coral, Florida 33004 — o rnrpor.iinn rsunnp coder the Leri of tie Stale of Florid. .l..ioj in prL.r;p.t plus of l..rnesa Cutout thCutout of Lee ood St.er of Florida :It o. • ow/Am./oily authorise.,In rruwr bonier r to rho Slue of FLrctefo,puny of rhe.rr..rl Pon. r • P7TCf_.c.-r I• Thu dr rase! rr n ehe n, poor. 1 ff'r to for and to r,nnnd.r.linn of the ran of } TEN AND NO/100 1510,001 nol4n 1 so it to haul paid h. the Jed purr of the anond pre,rhe reeelpt whereof 41 .. hreeby erindn(h.d, { has yuan,.twpio.d sad ill to the said p.m of rhe wend poet.ill sreresrert sod.oryt•a joreon. -_ ;'i filo jolrmrio(drrrihe4 Lod nl..re.Iris,.n.f h.:..in rhr C...rr of Center .ed State of Florid.,rootir: — See Exhibit"A", attached hereto and made a part hereof. =r, ,r _ r_1 .. pro.;.,:t - / Fi JUL • 5 10 15 BUS ill " — ., !+et-t I:`: j{'0 0~5 51= i.J = • _ 1 'irk5,�, a .,li r',. COIi'r ante cowl) 1.. i' ,t STATE of FLOMP 1AI t' ns OUCUME15005 . StAMP TAX: - f= 4 DLri ur plV[NUI( 1 '9 I. =r ,. =E. r,=sit l 0 O.3 0 1 //// , - ., .7-:-, . f1,` I' _ / _ t And tie nil party nj the Pro parr dour leerhT folly..rrnw the tido-to said fund.sand trill defend the ?. tart e r s. o ointhe Lrfal rl.ir...f o . ft p.r....a inhnoononr, Thin Instrument tine Prepared By: Herbert L. rehncr GAC Properties Inc., 7880 Biscayne Blvd., Miami, Fla. t i 98 . _..,...: • w.53s ., - 354 ,;---::.,,pr,, . :!,-7.' '` =••-4:- . .°,• in IIIIttras iiikerrof, alla add ands e.,I ihr fast part Las flawed'boor pora-nta in 1.•...plod a . Us name ley eu pair,aiiivn.,and its rnsporoar scat in lir aaomnd,ago,aod lir.,4 S",,i." oh,siay sad - wes,r aleola saloons. (iCI.D . iATI111:01.1- r I•(.;II p• ' Atorm• i,_ I Serrotorr, v.ci. -pi,..„,i,..i:— 1 Sspned.seared marl de-brand ia she.prrsresre 04.., .• : :i . . . : t. • • • . e , —__ ___ ._.... . .. ••.. , -•: • ::) ; *.• . ... . . filalr of Illorlba. 1 •..• • . . . . . . • . • • . ..• . Caunie of Dade 3 Nerrtrg Cirtlfy. /A.;.•eat. I if th !idly el 3utte . . t X.1) 1St,3.4•10••••••••p,rsnoi•iii appeared Rabe r I L. Weintraub . .. . ,..... end is Vice ['ironing(amokiivccaimmassceemssuais id 1, GOLDEN CATE GOLF N ft COUTRY CLUB I . .•et...pawn.and,tar lans id ii thr&air 4 Florida .to nyr heunra Ir,I. ill"re,111,11111411.J1p104 lh.,P., .... psenx ansersuarat IJ soth nfiireri golf on.valr arketrea4elegerl the Taormina therm!na In(hal fro.4.'4 1 tirsd mo sash nffiremo lar eler 11./1 IIIIld p.Toon;heroin normitaal and an!if nffiarel thrrran tAr nit. .4e,...Jai}Iiitt rterpuraIhsre,a.+1(halt the. a4 issatenearrat u the are anti dam{tefameel rot panWon, Vitalii me lent,end al real/eel et Miami in thr Carnal of Dade eei Step..of Florida • • . oIi,.der rot yew lett eiurrieid. . ..„ • ,---.) .7 y,. ,- „ . .... . 42'7----- /- i‘---e--;? fs,..1)%,-1• - - - 4 -.._- .....:-...-J--,-.----.......-,...• .. . . .., .._ . r -,-,.. • . to, r. , . . ...ii 0, 11 14 n , IP 0 tr 4 1 . a. Sat ii - q . , • -., 8 0 •-: 4-4. .4 0 g k 4 p bee 0'•+.4 It , '..t . 1. ' ' ::.I , t>1 ' . - .. . . . _ • — — PI I I 1 li i t .... - -- . Or...".'".7.- `.... • 9B IIC 534 f l, 355 = .� .... t- 1 .1 i %ik•, �..- ' i . 1I%ti .v l t, '4 V y.•,'[ • r G 1i. %t.r,r_i_„t�-V • _....-••••'"%....2;-i-..'. t •c11 • ji y "....../ J • • j [.✓.4401 ..'1•. ......•. •... ✓...sr..i . .[. r .•••r.•. •A . _ '. - 111 CAIS taw.lesNt.I4...ln4r t..0.t47 IR.Lnitt. -• os sat.al.. at.Cew.e...rt I.311.70 2.46 4.6 at 744.11 14.1 Last.f M.011.1 [. 44 [. a.f Trost'4• • .t Lela.4..t[1.4.111a6Is.;nit 4.tars I.as 4'.-w.slot t4.r..t...NM M!LA*Wl W.!a.•s 101.111. et 114 1..114 4...,4.at 44111.4 i oso,11411.:Twat..M 1,M I7'41'4.11Nat•e*4{....97...et I 1 MI*4 1.1. w tL• LI.•I .s..•..wf 01...rya 7.11'll'17'C.71.04 14,*1.. •414••••••••t So I Nlst t 44.1.1.14..44 •0..4.117 afro t*s n.sl.cons it 1a.Irlt.1..1,1.11.4 Y 1/1.41 fest oaf Mws t al asst.4.r 41•q".Ia•.is 11..41.4 71.11 1w1 I...sr..4.F.77 eel ..It.Il'N'.I'L. • 31.44 ls.t to[w..r.d.t 11*Mets 4.0.11'M'C.116,4 ts.t la bowl.Nee if II.[..t.11'44'14.4. 44,44 Nat 41...........1.10 61 OM...S.10'C7'IC 11.14.10 foot b t...11...t L .1 Ito 7.4.1.f . _ 4.414.131. t La..•tttl • oat.N..(ft.4wlbl Y.A•t.W4 as frlt4al ,......-. -.-_ A.44et! 11.4 If na.w..I fon as Isl.3I.11).11 tn„4..Is 0.**(41.111.trap,.,IN 4.1....4 1-71*so....0 T11:.11•4 '4'70.4sensor I,toot 1,al l•.01d hNoo Let!.44.11.1.,.as r.btt Is 114*44.1 I,1,4.4 114.411.10111. _.ti..11•114.t CI.t7,ttlbl Osseo I..0.t•'10'Of.4.140.11 Jtb e.. b 1.Nile at•Nit..11..111 41 eel..6.4 it[111t I.a. 11.1?1..t I,.,.001..1 4..131 1..41* Islas 1.741.41 1.•,4.111.1 411.11 tett 1a.1 04 4..trrl..••.t,....r.1 Tract•#.Ctt 1.1.r1 1.t • 4.11..CAI loco..v141•a,44 ftt44 la Flat F.4 I,? .101-111.04141 Ittt40.1 4111.1 sooty.Molt. 104.4 in 1.13'01'•1-0.111.11 fb[. • LAI,4•a••ti ' •.tlf II land II 14.74 31 . [,4 loot aa4 alas t w '4 Ito twirl Ise 41r11t as(4114.[f 4.44.ae•Orl.t.4 , a ass..w 11.4 1-1.1 II...1 r a'1-...,rw•nl W O...114•of n.M 1.-"4.4.14 1..4r 4.•..n,,.414 _ F.171 1.1.4 134.47 Ito11.t1.4 341,21 fast Cos el II..........r.....el Iso., C,1,14...t.1.'..14141 ata, • 4411 I,1.41 L.as.4v.r•411 1.14.1 ttt.r..I.1114•.l4 I,1"..1 1.0.1.1.N*44114110 I...ta.S 4.1114r f•...I..1•t14a,a4 at III 44.,.,,'ol .2.:S..t a •1.11 II,.,.m I.N..1:L..., 4 4.71'IO'l4.a. 111.40 feet t.W a.1 Cas.l.t4 lrwt'A..,l4•WS 11.at L0 II. Me _... tour'.441.[.144. I 4.14••4111.tee Il Il..44 r..Y.4 4.e...a.1.-.FI..14101•.40.4.1..ow. t N[1.04)1. *.I4..esla.$..' 1 .: - _- t t 1.1, .• • t r r 41. ...1-..1...l e1.i•x . 441..4.• .t ...4x•..I t..••••••1..... . .,.. - 4. La4ra1,110114. a.. .. .bt..rt Noor,..1i:1 .. s..:e'i o .,.. '1- 1...•.•r."":....14.".....7......: .1...,we.. • _ ., N fY.ge.aat.r...tN - 1-yt7/f•(/C/('jj/ •Leon 1 1rn• 7„4. �w.1 two.a4.. p.f • la .n4.- t. _ _. 9B 344409 iii 585 az 85 r..1fiCOYVYAN ECE - b_ OF , • DRAINAGE AND POWER LANE EASEMENTS Tills INDENTURE mand and anlsred Into this In day of Nevombar, 1473, -T - by and between Gotdon Gate Golf and Country Club. Int.. Grantor and CAC i" Proparti so Inn, 7880 tliarayna Boulevard, Miami, Florida, Grantee. 1' ' Grantor, hereby In consideration of the payment of$10.00, the racelpt of t - which so hereby acknowledged. grants, gives and conv.yr to CAC Props.aan Inc .Al or It.mteraat, ownership and title la the drainage easements and paver line aurvey�►and dearriptien l - -es easententa that It own,as contained anCv d found In ehefrlat^ h.ch,r attached harato e' a.Echlbu I and mad.pari hereof, which Is located in Collier County, Florida. ,.I _ IN WITNESS WHEREOF. the undersigned have signed and rented this i Easerent on the data!i rst above written. I • i. • • GOLDEN GATS CALF AND COUNTRY llCorporata Scall CLUB, INC. t" , s1-01-c1 G fis t ‹. By ...et. .G~7/fl 5^ Secretary Viae Prreeeiddent iPIIC11l t[C4A!as. I /ewes t;,us r.roone M i I n SII'Til.- 1#771.---,L.ca,.�I' _ I UttitgET T.Sf0T7 J ct a j rIoGYN t ` t,iltie CaaetY.rL STATE OF FLORIDA 1 j" 1 COUNTY OF DADE ) - 3 I HERESY CERTIFY that on this day, bo(ore ma. an officer duly autheria.d • . • - In the Stat.aforesaid and in the County aforesaid to take acknowl.dgam.eta, ' personally appeared Charles Dully, CII and Gretchen Mialke Vita President and Secretary r'eapectivaly i. in IT.known to be the parsons d.aeribed in and who executed Bs.foregoing Ioltrumaat and they acknowledged baton ma that Lb.y caseated the same. WITNESS my hand and official seat is lb.County and State haat aforesaid _. -" • thin !moi dG5ay of t`t —•-d--- ._ , A.D. 1973. :d- t, t c.,..:-.. S,}i to Instrument oats ad yes �' ��JJ• I. �i Prepar bYt /_�._ �i '' .3...�f' " Nerbsrt L. Fehnt:r Notary lair GAL Properties Inn. ttottrrrattc attdn6 tr�tbcc 7880 Biscayne Blvd. �� `LAM ncznaa�lk+ tura Miami, Florida 33138 98 tit[585 ma 86 ' • I r o i ei ^ 2.4,47;... til Atli I =o ' t AI 7t Ili ' III w 3 i t. • 1 it Ili iii or • Ie r ti IIil i i= : ' I f ^ r t ; - . L *‘• .‘.. 3 ' R" FiLEI 3K4-4451:: K 11. : o?rd ; 9B ,_ . • fr .1 i .JOHNSON ENGIN.EFING, INC. CNa,tfaWatnS 400 LAND SURVIVOR■ .11 ... ..... ...... s.4 585 ma 87 - DESCRImONS .. DPA12AGL E42Z7:.1T6 1h70IZH 001342 GSE DOLT Co6715: AW C2_717D: CLUB PIOPEx77 € _ '- LOCATED LS SL[f10: 22 6 T. 49 S., R. 26 E.2T, ' COLLIER COLTT9, FU31I17A Parcels of land to ba mad for drainage eminent., varying in width'. -1'_ ovanca-ins through praparry nw or formerly of Coldaa Gate Goll and I Country ['Kb,'inn. located in Sections 22 4 17, Tamahtp al South, - Maxie 26 Cast, Collfar Counrv, Florida, iha aro tatlina of said 'sae- '. MAO CO being Ascribed u 'o1.1cus: Tans the anuthaaat corner of Lot 22 in Slack 772 en thwart an '�� '71st of Golden Cara, Unit I, Part 1"as racardod in Plat Nook tl 5 at pages 147 through 131 of the public da of Collier County, Florida, run F 89' 24' 16"E for 17.57 fast to Oa Paint of teginning of one of the haraie deactibcd centerlines.. Troll said Paint of IeglsnLng run riots the centerline of a Drainage roarerat 1 , - ,, y;t;, ]S `rr. aarh ride at said centerline, the . follev1n6 tonnes end distances, N 00' 03' 04"12 for 336.62 fact co Point 1, N 11' 04' 20"V for 165.59 feat to Point 2, N 1' 34' 44"E far 580.10 co Paint 3,2 I1' 35' 44"L far 261.73 fiat to Point 6, N 6' 13' 55" L for 110.19 fast to Paint 5, N 19' 47' _ y 26"V Ian 127,77 teat to Point 6, 71 42' 54' 28"W far 133.05 feat co Point 7, 2 87' 15' or'v for 13635 feet to Point 8, N So' 40' 3I"W for 217.13 feat to Point 9, 12 53' 23' 27"V far 871.36 feat to!clot 10 and N 1' 33' 44"V for 83 fart to the aautherly art - _ of the division ling bowmen Lau 40 end 42 *n ohnvn on "Plat , of Golden tate, Lhit I, Part 2^ u racordad in Piot took 9 at poses 167 through 112 of said pvblie titarda and the end of add • , canurlin■. - 1 t login ac aha abava oeationed Point 7 end ran along tba canter" ; ;`:- Una of en anaemia lying 15 teat each aids of raid canterline N 37' 04' 31'V tar 168.60 teat to Paint 11; thence condone i "! _ along a centerline of en ausaant lyty 1.9 feat arch lido at as - • following daacribed centerline, K 15' 54' 34"L for 190.24 fast j. to Point 12, 9 00' 03' 34"V for 234.06 foot to Paint 13, N 39• t - - LP ii"V for 165.98 fent to Point 14 and a point of curve; deaee 4 •�" continue along said centerline, along Oa are of a curve to aha I " ,.1';'"'''"".' right having I radius at 202,17 Leat, as are Length •K 131.33 . feat and a eantral angle of 37' 13' 26" to a point of tangcnty ��,� � end Point L5; theme* tontines along*aid eaatarlino N 2'01' 32"V !f..e43ir122 N d- - ... µLL —• 1 r.. 4 6. .. r 98 =- • .. _ .. ._ ` J01.10:80:4lNO1N2LR�VA, INC. ' DESCiIP3201i Drainage 'amounts 10 1 Iti 585 Po SR Callon tiara, continued -2- • 471,42 fast to Point I6, N 13' SP 26"E for O33.32 !eat to _1.1 Point 11, 8 73' 17' 35"L' for 253.14 feat to Point 15 and I 2.6'15.41"2 fur - ,'�I 94.03 font co the northaostsrly end of Ina diviuian line between - ,; Lets 21 and 22, as Shown on the aforeraid plat of Golden Dara Unit 6, Part 2. • Begin et the above mentioned Point 11 and ton along the centerline of on ea9eeent lying 19 feat iamb ride of laid concur lino the following tonne'and distant'', N 31' 26' ll"E for 293.06 (eat to Point 19, N 31' 01' Id"E for 95.97 feat to Pntnt 10, -s If 21. 40' OB" E for 326.32 flue to Point 21, V 10' 24' 55"0 far "�— tf 123,92 feet to Point 22, 0 00' 03' 32' E tot 2061.51 feat to Point 23, N 11' 27' 46"u for 17.79 fact to.oiot 24,1 12' 26' 66"V for 226.63 feat to Point 11, N 2' 04' 54"Y for 150.30 co Paint I6, and N 1' 16' 24"E for 130,03 test to the end of said tencoriine ar inn aoviharly rsght-of-any line of Ooldan Gate Parkway lying 37.09 fast, ■e measured along said aout:.erlu right- - of-U.:,line, east of the northeast carnet of Tract 1 AS nh:.i,' so 'flat of Colds,late, L'nit 1, Parr 1"a recorded in Plat nook - a 9 at page 100 through 101 of said public records. f f� Begin at the above mentioned Point 26 and run along eha canter- "- line of an aueunt lying 19 feet each gide of the follorin; ' e described ecnterline,N 79'05' U for 21,67 lett to the end of "Aid contarlior and the sat line of the aforesaid Tract 1,34,73 ' foot, as measured slang laid sat line, from the northeast mor • - Isar of amid Tract 1, as shown on said Plat of Golden tau, Unit 1, - Pett 1, re` Iron the ahoy" =antionad Paint 10 run 0 33' 23' 17"E (or 313,73 . fu t cc the Paint of Beginning of the centerline of an ascent lying 19 fat oath ride of rho following deaeribid tonterllns. hon said Point of Sogicrue re 9 36. 36' 43"If for 113.65 Curl - , thence run Well! far 12B feat to the northerly and of rho division line between Loci 21 and 21, as*Moes on Oa of Id "Plat of ,s 6 . , a 9B .... .__.. _.'-.......0 -M.71/1111:i_ _. • it. .. '-. . --- _ . . _— ... - FI sJ S i n a�.. ty;F Mq` \y . !t fz fyS _:,-,r,''a,. 4 7 +r_ •C:. J I .I'-+HN90N ENOWEPJtING, INC. - DtSO4tPTZON1 p( Drainage essoante Ln ,Eli 585 rut 89 Golden Cate, ceatinued -3- - -.-- Colde,Cate, Unit 8, Part 1". • s Begin it a point at the northerly good of the division lino - • between Leta 35 end 36, a ahwn on the aforesaid"Plat of - Golden Cate,Unit 8, Part hand run along the centerline et an mutant lying 35 feat each aide of the following daee_ibad centerline, K 18. 29' 35"5 for 70.21 fast to Feint 27, 2 5'• _ 01' 05"5 for 346.03 feet to a point of curve and to the south- erly end of a centerline of a drainate easement lying 25 feat tech ride of the following described centerline;&enee run along the . arc of a curve to the loft,having a radlue of 698.09 feet, en arc lrngch of 201.23 feet and a control anile of 17' 05' 31" tel a point of tangency and Point 19; thence rim along the can- terline of an eesecsnt lying 35 teat each side of the following described centerline, 2 12' 04' 27"V for 207.49 feet to Point 3)end a point of nurse: thane'run along the etc of a Curve to the left having a radius of 528.89 feet, an arc leach of 120.37 feet and a central angle of 13'02' 24^ to a point of tangency - — and Point 31, 3 25' 06' 51"W for 16739 feet to Point 32, 12 33' 51' 55'U for 144.19 feat to Point 33, 0 40' 05' 35"V for 226.44 - -, Leet to Point 34,3 15' 29' 13"U tar 55.04 Leet to Paint 35. -'- 8 6'29' 02'E 6r 44f.42 loot to Point 36, 3 00' 47' 46"W for 91,34 _ feat ca Paint 37,K 12' 06` 20'W for 171.94 fret to Paint 38, _ -, " N 9' 36' 50"E Ler 369.91 tett to Paint 19.X 9' 25' 08"L'for • 143.52 feet to Point 40,Y 7' 37' 34"W far 163,71 feat to Paint 41, K 7' 31' 12"0 for 367.92 feat to Paint 82, 71 8'45' 48"W forr. 112,90 feet to Point 43, K 34' 25' 38"W for 77.92 feet to Point 44 and K 69' 31' 11"W for 133.33 feet to the southerly richt - t • ef-way line et Coition Care Partway and the and of arid rnnterline, - uid point lying 180.24 feet, u measured along said aoatherlyq _ right-et-way lino, VAT of ilia northeasterly corner of fat 27, Block 251 aboo ' m on'Plat of Colder Gad,trait 5, Part 2", as recorded in Plat look 9 at page 107 through I62. Ira the above mentioned Point 27 run K 5`01' 05"E for 126,26 teat to the Point of Beginning of a dcaioage eaaexnt lying 19 • feet on each aide of the following described menmrlina. Proa'said Point et hotinning run N 57' 06' U for 143.48 sot, e,, _ K 35' 49' 49" W 420.32 teat and 1 47' 00' W 10.00 feat to the, I.l and of said centerline and the norcheeetorly end of the dt'Lion line betusen lots a and 9 in Block 120 n shown en the at id i 1 "Plat of Celden Cate, Unit 8, Part 2". o.. • 3, I, l 9B a..---=....7.7-•":1,7-7 -'7 rT :7—J•'•--.77� i LT _ -- ..7 _ ._ �...-F' ...cam . •c - - i • 'JOHNSON ENOINEERI H6. INC. 1 DESCUPT10 s . Drib:ant easecenta in ,IlC 585 res 9Q, Golden Cata, continued -4 _ login at the above mentioned Point 40 and :un along the cantor- ' lino of an aast-,tnt lying 19 font oath aide of 11. following de- scribad toncarline 3 13' 09' 49"'1 for 172,,E foot to a point of curet; chane% run along the art of a curve to chs left having a radius of 133.99 foot, an arc length of 151.43 fast and a central "$ angle of 64' 44' 34" to a point of tangency; thence rete 3 16' 24' 33"V for 119,03 feat to oho easterly end of the division lino betveen lata 1S and 16 in(lock 291 as sham on the aforesaid , "Plat of'Golden Gate, Unit 6, Part 2". 1 •Ii is - From the above oantlonad P6irt 35 run X 6' 39' 02" E for 276.32 • - - hat to Om Point of beginning of a drainage eaeaoent lying 35 {' foot an tach oida of oho following deaerihad centerlina. . Iron laid Paint of Eetinning rum G 72' 13' 09"2 for 219.96 fast - =v-. _ to Point 43, 9 72' 13' 13"1 for 33.39 foot Co Pella 46, 1 49' 16' 53"t for 122.03 foot to Point 67, X 33' 11' 33"71 for 73,65 ,. to Point f1, X 7' 37' 0)"E for 49.03 to Point 09, X 7' 53' 39"V for 105.12 to Taint SO mei a point of curve; chance run along chs are of a curve to the right having a .alaiuc of 109.70 feet far on are Length of 105.92 ;act and a central anile of 53' 19' 12" to a point of tangency and Point 31; thence run N 67' 23' 13°L too 120.32 foot to feint 52, N 39' 24' 47" E for 169.10 fast to Point 53,X 23' 27' 25"E 245.02 foot to Point S4, X 40' 36' 31"E for 49.79 to Point 59; chanes continua N 66'59' 39"t for 267.17 feet, if 92' U, 39" 1 for 114.92 feet, X 27' 09' 20^1 for 210.93 foot, X 10' 46' 35"t for 146.66 fast to a paint of curet; thenta run alone the ate of■ turas to the right having a radius of 211.65 feat for an ace length of 303.77 foot having a ' control anglo of 32' 23' 10" to a point of tangency; Ann. run , S (6. 49' 33"E for 137.02 foot and N 00. 37' 39"V for 175.92 • feat to eha southerly right-of-wry line of Callan Cato 7arkvay i and the and of amid centerline, nail point lying 1.77-Si38 fent of `' Cha northwasr taroar of maid Exact 1, Colton Gats Unit 1, Tart 1. i • i • I' i I 96 u '•ctisv r �, ..__ :.. +: c f r -*-'rte= _ _,..t:ems,._._---•--,•_�_ .r- - ., r --..-�� — „1� �� z.+ � r .T .^ .--, •...,.�,. T +.+.ten.+, • v .�-�_ - �.�2 w 4� ' •JOHNSON CNOINCCRIN6, INC. CCpp (f��,�{t •a, .. 11LSClIP2'IOXs IL 585 /4G r71 • Dciinege Comments In Golden Gate. continued• • • ]regio at the Alcoa an:Sorad Point SS and run Y 00' 12' 39"If "; for 59,13 feat along tht centerline of an assonant lying 20 -- foal oath aide.of said centerline sad ending a: the southerly and of the division line betvicen Lots 11 and 12 in aloeit 2. - shown oa the afarataid"Plat ei Golden Gats, lint: 1, Parc Z". legLn at the above nnntionaG Paint 47 and run along the center- line of 1 drainage caseneat lying 23 tact each aide al the fol- loving deaerihed centerline, 8 17. 16' 03" X far 66.91 font to Point 56; thence run i 76' 39' 31"C for 132.56 tart, S 6.5' 26' • 33"E for 250.69 feet, S 21' DO' C for 20.10 feat to clic and of _ said cantirlioa at the northerly and of the division Lina bi- dam iota b and 9 as shown en the eforuaid "Pia[of Golden •1 Cate, Unit I, Tart 2",• ? ' _ _ - Prue the above nentioned PoInt 36 run 0 76' 39' 31"L for 75.19 fee; en Cha Point of 3cg.I.ntng of ilia centerline of a drainage •.ratunt lying 10 feet each side of the following dtscriled waterline. Iron acid lilac of htylaa in^ 1 i run S 7 00' 0 for 16.16 lane _ t6 UK and of said centerline tying at the northerly end of the divinion lint batv.n late < and S as alum on the aforementioned P1at of Golden Cate, Onit a, Part 2, I ' I r/DCt/Tor RV''' A�E oc OkA1 I • ve •„7 FLORI A SUR1fiX' t.gt w COCUMEN IARY ..1-5TAMP TAX ., � ` - F DLPI.ei eieENa dtPR'. g" ;SA e �� sat•r71 r ..0 Q 5 5 I- to a lti.na 'LaM n.tt7 J a IM . .�. e • • • )01/de• r. _ • • ... ..o,.o,.•...•.•�. ,...t }. .,K. ..Ja II • • • 96 f..._,;„..,.....,,„,.,.,..,..,,,,,,... „..„.:..„_,...„..; _ ......., „....:,:en:,.�.,..aT,�,..,,,,.4.3. .. ..:;: :.;::q.., . ._ -=;:,-...z-,,:;:,.„,,;......---.-,..-_--,.: r t;t .. RESERVATIONS Y }'_' (0.� OF ry� i_,', r :..1-,,lip DRAINAGE AND POWER LINE EASEMENTS lift 585 pa t7G I I - ,i 344410 ,. • THIS INDENTURE made and executed lhla lel day at November 1973, by GAC Props rites Lae, 7830 Biscayne Buulavard, Miami. Florida. p_ GAC Pro pe rtlaa lne by thin Im lrumaet hereby expressly reservaa les Itself, . "- -- Ile assigns or*rimless all of its intereel, ownarakip and title to the drainage• easements and gowar line ala ementt that H.name as contained and found In the survey and deecriptlon t r platkwhich is attached hereto as Exhibit I and made pert hereof, which la located l - I - In Collier County, Florida, I IN WITNESS WHEREOF, the anderaiined have signed and vested(hi. i = e Easement on the date fire(obeys written. S. ."!(C�e rpc rate Seiill CAC PROPERTIES INC / :..:zi 3.u:t•r.sttu - , .L.,_ By_ /J(yi 1 3.477./".C�M'. }' _ ;Wee tem Segs ry�`-'- — -1 Vice Pretidont il- •t_e :�c ?�'-•.4�s�isi lemur* lat�+ V ArB i 133 PR III STATE OF FL..ORIDA I MM6+8 C7 T.SCOTT - ttI Na 9r;t►r.Bit Cn N 1 COUNTY OF DADE ) . �^ I HEREBY CERTIFY that en this day. before me, an officer duly autheriaad FI . Ali in the Stela aforesaid and In the Comely aforesaid to take acknowledgements. I4 • personally appeared Robert L. Weintraub, Vice President and �, - Gretchen Welke, Mat. Secretary to me known to be the perverts described In - N� and who executed the foregoing Inminimaot and they acknowledged before me that P they executed the same. - LWITNES my bandba'andel efticial seal In ties County and State last YIBYeeaid thteday of r�-.4rx4&tom A.D. 19733�.}14J 17riyy Instrueent was Prepared by: 1�7a JSACbPrt a Fes In actin •t -� ,II'� GAC Properties Inc. ; y n--!""''I• %h1 v� ` 7880 Biscayne 81vd. Nicol, Florida 33138 1 ' i e - 1. 98 7,,......„._ .. -:tv - ••StfW.Cl.t+ V.tZ'T --a wTtA .'�C.. .+•+.l•.L.T .�i�r.r+._w..�..w..r•Iwir..... '. •1 • ._.. . - •. ]-i.CWiY,•......i.rFYn• • �.t'y.! R"HNBti�y�A.. • _ @«585 ►,a 93 _ i r II I i• ...Po (r.7.-if grtill i ° • pI ii ..w i` i!i 1� it g O?.}?A ' Li, Iti s.gt III 'II!i ij{ •!F €''T x . :� 1' <,.� t1 1 - - i ;0 s's" ` r. , al 'rem r S yin, O,{ � • • • ld' i . • . E - f �. �t fi a'N , ... I IT::,:'-,:i., ;� •' A .., cit. • fowl■ Ott •tIIav►r t 96 moo „ I / r • • JOHNSON ENGINEERING, INC. MN%thialNrCa.&ND LAND m9RrtrOtta !f3 585 146E 94 - _ DILC9I?TIOXI OPAIXACE£1.003 2TS '714D017Cd - _ COLDLS CATE CALF COL73I kV COL"(TYS OM?lO?iPTT LOCATED L\StCTIOX 12 1 27,7. 49 5„ 1. 16 I. • - 00U.7.E9 03201TT, 11.01 101, -' Pareala of land to be wad for drainage .asee.n to, varying in vidtha. -_— meandering through property now or formerly of Golden Ge to Golf and Counts, Club,"Inc. loured in Section 22 6 21, Township 49 touch, Lang* 26 fan c, Colllar County, Florida, the centerline of said cue- arnto being described as follows: • , -. . Free the southeast corner of Lot 22 in block 272 as ihwn no : f' 'Plat of Coid■n Ga to, 14r1t 6, ?art 1" no recorded in Plat book • - - 5 et pages 147 through 131 of the public records of Collier " County, Florida, run F 61' 24' 16"t for 17.37 feet to the Point • y_ of leginnina of no of the heroin deacriked cancorllnes. From sold Point el Beginning rue along tba centerline of o Drainage Inucant lying 35 feet oath aide of said centerline, the 1 - folawing eoureu and cis cantos, S 00' OS' 06" V for 336.61 fee: - to?oiot 1, II 11' 96' 20"U for 165.59 feat to feint 2, a l' 24' • • 44"2 for 510,10 to Point 3, X 21' 35' 44" b for 262,73 foot to - Point 4,1 4' 1]' 56"g for 111,19 foot to Point 5.1 19. 47' 26"V for 127.77 feet to Point 6, 11 42' 34' if u for 153.05 feat to Point 7, 1 17' 13' 46"U ter 136.55 foot to Point 1, V 50' 40' 1"V for 213.13 frac to Point 9, 9 53' 13' 17"V lar r 471,51 foot to Point 10 and 1 1' 35' 44"li for 15 foot to ohs aoutharly IN of the dlvision Ifo•bawosn Iota 4D nod 41 u akore on "flat • of Ce1daO Care, Unit I, Tart 1"as recorded in Plot look 9 at • _ pales 107 through 112 of said paklic racarta mod the and o1 mild ' aatarlias. - Luisa at t1,o above aantl.n.d point 7 and run along the cantor- E Lina of an sueaant lylog 35 fear each aide of said ceotarllna t_ II 17'04' 31"V for 161.40 foot to Point 11; thous continua along a coerorline of on marmot lying 19 foot oath.ids of the • - • ` �" « following dascribad centerline,1 13' 34' 34"I for 190.24 at . at to Point 12, 1 01" 03' 34"V for 234.06 Gat to Point 13, X 39" • - .".W. ... 14' 51" V for 165.96 fact to Point 14 and a point of curve; thence - e.etinoa along Bald centerline, along the arc of a eurra to the - ,,a • """ right having a radius of 201.17 foot, an art length of 131,35 • } _ ��:.v.... foot and a control angLa of 37' 13' 26" to a polar of tangency `/' and Point 15; thence condoua along said eanterline X 2' 01' 32"1 • i 9B e...' .""`'Lc.^"C'"C"..•,...4— a. ---_vzxsr r"x- - T ...p.uuou `.s =;5.— ,t.I.TY•..er, .�r-r^r-y .• • S<_ ,. i yr a .1ONNuON ENOWIEERINO, INC. alscumoss ,• Drainage tailcoats in _ _.. Coition Gate, eoetinuei -2' III 585 Pdf,E 95 • • 479.62 fact to Point 16, NIS' 17' 24"I for *53.52 feet to rains 17,1t 75' 47' 35"V for 153.14 loot to Point 11 and X 36'58'41"E for — 94.03 feat to the norcheastarly and of the division line lecuun Lots 21 out 22, as arson on the of id plat of Guidon tote G'aic 8, Part 2. Begin ac the abo.e 5antionad Point 11 and coo aloeg the eenterl4na of an sa6eoant lying 19 foot oath aide of said centerline the foIle�:n9 toursaa and distances, If 51' 26' 11"I for 293.06 ' .1�• - feat to Point 19, N 31' 06' 14'E for 95.97 fact to Point I0, *. N 21' 40' 08"E for 326,32 /tat to Point 21, t I0' 24' 50"f for `-+ -- _ - 125.62 Luc to Point 22,N 00' 07' 32" E for 3006.91 faun to Point 23,8 11' 27' 46"V let 77.79 feat to Point 24, 71 22' 28' - ;�-, 44"V for 220.65 feet to Point 25, It 2' 0a' 56"V for 158.30 to ,' Paint 26, and N 1" 16' 24"1 for 110,03 free to rho god of acid t� eantorllne at the aoutharly right-of-vsy lino of eoldan Cate -,-' - Parkway lying 37.09 fact, as staaerod along said tout:ieri,' right- •• of-tray line, mast of the northeast corner of tract i ac atmrt - oa'Plat of Dalian Gate, cult 1, Part 1" ■a recorded in Plot lank 9 at pogo. 100 through 101 of said public records. —�, Degas at the above tuationad PoLr.t 26 and run along the center- lint of an taseaaae lying 19 fret each sada of the`ollovinl • _ ___ leaertbed cenitrlina, 31 79' 05' V.lor 21_67 feet to the end of - said tsntarline and the soot line of the aforesaid Trace 1,34.75 , foot, as oceaured along said east line, fres the norchasor ear- - : - oar of said Tract 1, as Acton an maid Plot of Golden Gets, Gait 1, , .. Part 1. '' . - Trot the shove eantianad Point 10 ran 1 53' 23' 17'E for 512.73 C t hot to the Point of leginning of Cha eentetLine of■a easeont f. • lying 19 feat oath sada of the totlocfai described ccoterlins. '• _ Troiasaid Point of Seginnintrun 5 36' 36' 43"V for 113.45 font;; Chant'run 401.11 for 120 feat to the northerly end of tbo division * . lino Lohman Lori 21 end 22, as show on rho aforo.aid"Plot of 1 f , - ..., - w.-._.., ....era• . a. t - fes". 9B ...-.-7,-:7.-,.7 M _--,ti ti.r ii..i ♦ ,}' •' �} � L.,�hy`.SZr _ t i m— . .r... .rte.._____w.�_ .-.. �l „J;,7,.:„..,.... _moi - „ i• • • • .. - ._. ..� _ _ JOteNDON 11,4611V1.001.10. INC. , ' Dtsntrrloss .t 585 no 96 Drainage..o me in Go11en Gate, continued -3- Galion Gate, Volt 8, Part 1". login ac a point at cha northerly and of the division line '' boman Lata 35 and 36, AS show on the aforaaid'01at of Galion Gate, Unit 0, Par[ fend run along the centerline of an aaaenent lying 35 feat lath citta of tho following described canto:lino, 3 18 29' 31"Z for 70.26 feat to Point 27, 0 3' 01' 05"0 for 346,03 fate to a point of curve end to the south- arly and of a centarlina of a drainage assonant lying 25 feat - each side of the following dtecribed tenterltno;Bence run along ohs . are of a turn to the left, having a radius of 698.09 feet, an 1p are length of 206.23 feat and a claml angle of 17' 05' 32" to a point of te4140Cy and Point 29; thence run along the coo • - ..,'. Carlin of on vestment lying 35 flat each Bide of the fellating ,.. daacribad cootie:lino, B 12' 04' 27"V for 207.49 feet to Point _a 30 and a point of tutva; chanca run ala;g the are of a curve co the left having a radios of 528.09 fast, an arc Iangth of 120.37 .. feat and ■ control angle of 13' 02' 24" to a point of tangency and Point 31, 3 25' 06' 31"V for 187.69 feat to Point 32,0 33' 51'55"V let 164.99 feet co Point 33, 0 40' 66' 35"V for 226.44 - _ ' - foot to Yakut 14, 0 23' 19' 11.V for 55.04 feet to Point 35, + N 6'29' 02'0 for 40.42 feet co Point 36, 2 D0' 47' 66"C for 91,36 1 foot to Point 37,N 12' 08' 20"W for 171.94 fest to Paint 38, �� -- N 9' 36' 51:1"0 for 769.91 feat to Point 39. 7. 9' 25' OS"0 for 143.52 feet to Point 40,17' 57' 34"V for 163.71 fent to Paint 41,V 7' 5l' 12"0 for 167.92 foot to Point 42, 0 8'45' 48"V for . 112,90 tate to Point 43, 5 34' 2!' 38"V for 77.02 foot to Paint '- ` 46 lad 169' 38' 13"V for 133.32 feat to the sootherly right- _ o[-vq]int of 0.14. Data Parkway and the end of acid centerline, — _ said point lying 160.24 feet, aa measured along said courhr-ly ,, right-of-way line, tisi of the northsascarly corner of Lot 27, Block 281 as thovn on "Plot of Golden Gats, Unit 6, Part 2", as t recorded in Plat Book 9 et pages 107 through 111. from the above mentioned Point 17 run 5 5' 01' D5"[for 126.26 foot to the Point of Beginning of o draioego enaencrt lying 19 - dr Ow fast on each alio of the following deeotibod canuallno. Pro sold Point of Tho4im,ing run 0 57' 06' b'for 143.60 foot, V 25' 49' 49" V 420.12 feat and S 63' D0'V 10,00 foot to the . -!; end of said centerline and the northeoetorly cad of the division . line betvaen Lot, 8 cod 9 in 83eeh 280 u chovn on the,aforlaald _ "Plat of Golden Gate,Valt I, Part 2". 96 7rr • JOHNSON UNOINEEAQ+Q lit{585 P4c& 97 OESCIIPTi0.Si Drainage auanance in I Golden Cate, continued -4- • Begin ac the above een.100.6 Point 40 and run along the cercar- line of an.aceaenr lying 11 font oath tido of Cho tn110wing da- :tithed centerline S 83' 09' 49"Y far 172. 6 feet to a point of cure.; thanes run along tha are of a turva to cho left having a radios of 133.99 Gat, an are length of 131.43 feat and a central angle of L6' 4a' 34" to a point of tangency; thence ran S 16' fi•. 24' 33"Y for 110.83 fast to the*utterly and of the division line bemoan Lott 13 and 16 1n Sleek 101 no /ham on the afera.aid •'u "11.1 of Golden Cate. Unit 6, Part 2". • Prato the above mentioned Point 33 tan 6 6' 29' 02" L for 278,32 feet to the Point of Legit:tine of a drainage at0ent lying 35 feat on each aide of tha follcoing deaeribed centerline. I „ Prom said Point of Engin ng run N 72' 13' a3"E for 219.90 feat G • .� to Point 41, 6 72' 13' 13"L for 52.39 feet to Point 46, X 43' 16' 33" E for 121.03 feat ce Joint 87, X 33' 21' 53"'e far 73.63 i _ ` ;,. to Point 48, X 7' 37' 07"L for 19,05 to Point 49, 3 7' 53' 39"Y for 105.12 ro Point SO and a paint of curve; thence run along {t• he are of a curvet to the right having a radicle of 109.70 feet for en are length of 105.92 feet and a central aagla of 53' 19' _ 12" to a paint of tcr.iency and faint 51; thence run 3 47' 23' 13" L for 110,52 fast to Point 52,X 39' 28' 83'0 far 169.10 feet to Point 53,X 29' 27' 25"S 245,02 face co Joint 54, X 40' 36' 31"t for 69,79 to Point 5.5; thence continua 1 11'59' 59"t far 267,1.7 fait, K 61* 15, 59"L for 114.92 fact, X 17' 09' 10"I for 220.95 fact,X 10' 46' 55"L for 141,16 taut to a paint of curve; thhenca run along tba arc of a curve to the tight having a radius of 212.63 feat for ao arc length of 301.77 fact having a central angle of 11'23' 10" to a point of tans vcy; k.gnce run • 5 86' 49' 33"5 for 137.01 feet end 1 00' 57' 39"Y.or 175.92 feet to the southerly richt-of-vay line of Golds;Cate Parkvay sad the and of maid cetrerlina, Laid'point lying VLSI 38 fest of the northveit comer of Bald Tract 1, Golden Cate Gait 1, Port 1., �. a .._..,...,._...�.._,. .... ..boas....a. . kr, • _ 9B •, -_ '.. JNtQ71NSCA EiNflinN4 INC. S!1�r,� ^^ _ .. � DISCEITTI031 6 t Drainage Eaeamtnta in Calder Cate, aaorinued -3- Begin at the above rantletad Point 33 and rang D0' 12' 39"U Ler 79.13 feet slang the centerline of an esa a.:an: lying 10 fast each aids of said osttarline and ending at the soothed) and of the division lice between Lora 11 and 12 in Block I es sheen at the aforeaatd Plat Of golden Cale. Chit 1, Part2". Satin at the "bore aantianed Point 47 and rVn along chs center- line of a,drainage sasarent lying 23 fast each aide of the fel- '":' loving described centerline, It gT Id' 03"L for 69.91 feat ca - Cain: 56; thence ova 6 76' 39' 31"L for 151.36 feat, 0 d3' It' 33"L for 230.69 feet, S 23" 00' 0 far 26.10 fear to rho end of said centreline ac the northerly end of the division Una bo- man Lore 6 and 9 as thous Mt chs aforesaid"Flee of Caldera dh Cots, Unit 6, Part 2". Prom the above mentioned//tint 31 run 0 76' 39' 31"0 far 73.19 ' i " +•" hfeet to the Point of beg:nning of the centerline at a drainage aesesent tying 20 feat each aide of chs following daucribad e centerline. Pros said Point of beginning run E 23' 00' E for 36.16 Coat to 1 the and of said centerline lying at the northerly end of the 114 division gins bemoan Lots 4 one 5 as sham on c2.e aforementioned Plat of Colette:Gate, vast 0, Put 2. i s d v, S ATE OF F<_DRID&,' I !�` �. 'n ODCUN,Ei�tA�Y= - .- uMx Nt t SIAMP TA f S - �•�ry FLORI A SURTAI(_ [f torATE [recut:A .1 ,! . d. ot,t4 }" c 00 55(^ „sae 17~e LIMA.. 14171 ... ,,t .., .. i . 009/da e` 4 _ S.i,_ •.Mimeo arse"n.nMD. - .yM1 e.nen t*** a a -5 , : '• t .�= :.: v:w 1 e 70.Y '.r•• - . 96 3.1935J l 111(RI:(T WI' ..,:RR.:•T' 111.1:' 5S) :+1 i60 c - :3I, rh WI< lehl:\1fR1, .dt• chi 411: ‘1.1. .'I stn. . ti 7•r,., • Itl:TSB:CN 11C I'itt1P1.•ItTli:$ 1:Y'• .1 I1..iId.. •..rpor.ltinn r. ,hili: under N•• l.m ..• ring State nl 11.•r14... h.n•ln•' Ira t•rlartnal pl.{ of buslm. i,1 the Coluity •il 11.141 .nut 'irat•• 4•1 11.114.1 haul ttll.I)Ct P' ;ATI: l.ii.f 1NIJ COUNTRY 1'!.1 it, rm:, .. f'h.r1d.t carom,[/la, r"I.ltlug tush r VI, Inns of Ow 410tl al 11••rld.i• baring it.. vrinripal - I.0 v ..l 1.11.fr11•n•. in lin Tonin'• •• 1'..11 Ira' and t(r.ttr ii I lurfda, and l.n luf lv alttl•orizrd to tronn.Irt Im.lnrus lu lin• Mata al • • II..r,tla. ,.Irlfrc of Cho I,rvt •.arr. .nrd !,AC I711.1Tlf•' ISi' , • r.,.t n'•.,n n.11 Wig Top*. l'.11•.sl. 17m•id.r 101011, ., rorpuratinn •• .tin• „ .1.i• rl.. 1.1..•. ••• lt'. •l.1r• , I1.o•id.i. h.Ivluc 1ts .•r•on•:L..i .lar. .•, in..!o.., , t'•nmt• Le, and Slat•• .•! -- rs.,••:4a, .rnl 1.is.1U11t ant• .11 •1 •.. ii..i..,rl In, I'"-.• in the • •{•• •.• •1••1!4.1, na1•1 a.. :.d :,.u•.• - {: ..; C1.,t I.. ..1 .t r.mt:v. .. Ih• .•t•.t part. - y •o• .ail .''o\W.W.I I•..n • tI• .o• . •11Th I IV! 'II"11Q1:ItlS(.,4111)) Ili lti' I. :1 •It Is.ntd I•.,.i by •r. ...I .1 .411'1% •.l Il• •II••wnd I1.1r t, I•• VI•• .1 ••1 1y.-•i ,• 1,r••u• nI:rwl..t.•II. Il•I ,ran n•d, 1101'•n • < hood • ' .11-1 •.l.1 tltr ..Ifit n.11•t• . .,•,...1.1 l..ter, it, litlrr••.4n1•,• • .••4 a.•.:a. lout••r• ti' •.1 I.. ., • It.•el.;hrd ),1,11d .ituatt. lying • s and I.in• :,• the C.ntntt• ., 1.•11 it hind 4tart• ni f'l..rid.1, tu.Nit: 1', TiT14. 771 nil: IMI/R%IN[• Ri:A1. (:CTtiTI: 1 p,ur.••4 ••t 1atilt in 1•..II1.-r Canty. I/origin, mum-particularly • d.•�1 vil•rZl a. 1o1 L.1.'v .Ind to In': .c I..n•t ..1 Cho Clot of TrOrt A 01 "• •Idtu •tat,• Unit n, tort ,. a.•. r000rt1od In flat II..ds 4 at 1',•0 iiI 0I Ih.• 14411 I1• Re1•o 1lw ••i I'..L1 tri ([nag Cy, Ii•.t•frt•t. mora DirtIul•111t denvelhii .r. t.stlui.•.: 1••'r>ennlc I'15 •1t lin 4...Linnet ..rnrr nl Tr lot A, then'' 1vn1t rn1•• iniichtI' :t ttf.t. .• o' n111,27 rrrt .Ifo,. Lir Nast I.•taulary ui -hi III Tra,.1 .1. Millet' rut Info"! 1:4111 111.,31 _ •'.I l b. .1 pnInt. •I+lid [.holt bring alwu dr.••riurd a8 Il... PO lilt III I1t•stinninc: 1110001' run Norris "I° ;II' 21" L.,••t. ii dint:act nl 111.15 Irrt to a pulpit t [honer run North (111 Oh' (11" C»cwt, :i rlit:laluT al 75.011 Irv! to a • point: thence run North I17O O7' 112" West, Chimer run \nrth tin Ili' Ili" Cavt, a dtxtan'e nl• 11111.111 fort to n is'lot: t thistanr"nl M6 55 I•ret td a point: thoncr, run•Snutlt ti9" 411' 51." Wont, a dl.t.utce al 11111.511 rcpt I• a point: tl••nr. 1110. +null• ,l•" WI' qG" Isr.t• a tlfrt111rr• bl 1V,41 tc•t to •i nu/tit: 'tuner tun ((nutty It'QV 179'• tit••rl, . dlwtanea of 113,35 IRI.t to a point: tamer run south 1' 'i' 15" No's', n dintancr of 1119.72 • Irrt tc tlia Palet of 11i•4fnning, atCCRot•pf . trr ? iB t •;& let , C1,y Mar(5 2AP".)4 - - 1tlkCtl:f^ ,irgr7 =A IR'. q Gl 147 9B ;1 5Su r'. . 761. •TP.1TY 1:.\-I;+A:\T 1r, • An .•.t...mrn t int• atil it Ir:•, . c' ..r in 1,-;;Irt.. ".In. l., •ort rtpinl I: on mach xid•• .•t U•• •role.„ I lar rni ri.,I, -."•,• {,u•t von]atilt• • cir•.ryiI.',) ... Inlultra;- •,1Is line rmmo•nrin: .+r ri.' \"rth0.lat .•.iii.••' ni Tract r II .11 Unit 1 nI tintdtm t•ath Suinliviaiau. aovortivil in Plat Hn•+6 i :.t Pau. 1.1 nr the IRditlr Ike.r..1.1 ill Ent)ter Cum ry, l'loritin, and tin nee i•tnusr•tc %n'o-t N11.1% ' .. -_ Irrt to 'lie Ii nr n1 Hr�f nnJne mut tie r.•r ter I flip ill • Lhr unncment Err.in cle•oelbed: thence nun •moth - Ir' D2' lin" Lott I.1r n •li.tanee-'.1 Jhr+,x11 leot n+ .1 ii"int; avid !mint brine. the Southerly Ci•nt'ination ui • the roxrment hr•r.Ii, dr+•cl•inett. 'T11.IT1• SAi11ynNT - ta1 ra.n:,•nt tnr•utflity 1111.«. 1..e.,trtt In Troet A •s• lb,ltlrn tint. ' fait a, fart 2, ,cc'.M1:0a to ti" Nat ther,.+l, r•.r"rdr•d In Plat• a..d. " .It rale Ill vl tit- Pohl i,• R.•i'nrda nt t.•I t C•t• t:runty, Florida, '^"ri' part ii iiurly dr.rr11.r.t1 .+. int lows • •• "tell, nl I.nut ii• '".t in ••S ti rt. I„•iny 14 I,.•t t'tptnlly .4. oncli 4511, .•. 1'0• ,.rt••I' 1.Inr tln•rt4•1. and +o.!$ move_ •+lit t..•ruauvnc 11 Na •41tbt•61.r .nems AI lot In, Hlnel. •+:1 01,41111) .tltl Init. r, 1`..1-1 : I: .ii ,IdyI ....t• hthtllvlxinut' _ .sail tht'nrr i,nn.i7d ••••••1111 IN" 1'' :1' 1.1.1 .Il nnC ..11 d 'I • r.•-+rut ru.t+•r ;1.1, '•••• .t d1.+tar.• .•, .1% .1 lent t., .,. mint I.1.tl•.•1, I.r'mat i...: ••. I 411 ..t et.... . . ••t Itrr.•t•,i'.I"• .t•..i','.,1. r' . iii•.II , •.‘.i. l.. • t•r,.•l 1•. 'I.•.. .','.,r 0 ter 1, I+I I. to r,t•t., I M•.'1 sr.,1.• r• •.1un.' in .i vart'.litt,• deed d..1•11 II..' "II TS.n n+ .i.,wi.... I••7.. .,..t et-,.....Fon ,a tilt u,...l, '.in, - Is, hiT'l.•. Mt!HI'n. -Alit n.set:i.. oI tt•• 'tr..; Hart • .n. .....•.•.t t^rr:r •.1•••..•,t. I •. •.. •r•d in it, r.ri•• 1.,• i I, :'t4.u• { t ..,:i,.t•., and i en 1,,,,n •,•1 ••..I I'. hr J.,'1igl, .it 10.1+11 by I tR .•.,t•.I..l•. I+•n day.it:d .I u..... ..••iltrn -- ,Al' i'KurGH1'TI1‘1:, 1 f ! f dtrnxr.; ••••••;(''• by •t+, [,!• .t., ' Seueotar! f Pit',• I'i•i ..••ni - SiYul:d. -I.-tiled rind il••I torr.o in the lrrrruec n1 to: 1 • •1:.I tt..t t .( i 1, c • 4/w _ I. • • I21LDt:C r;ATl..tail•X i'n'\TKY CLUB, INC. [a • ,44n . Seer prp ':C:• : .. :.n I _Siltg'eil Scaled and delivered .tn.tl;e�,iresence or uv: f t �' s •.. • ,•11t,... 1 STATE or TLOR]DAi 3 98 . • i., 553 . . i II 2. '� •- I III:RI:PI' CERT 11Y, that .in th;.. Rth tiny of 1t.1B A11. • . -• • Vtii1, br•Iurt• *•• ptrannally opnr.•'.d Wd0,•1•t L. titntr.au• .1411 .- • . Juan i1.c ILIve•t.... Vlrr Prr.ilieu l and .rrr..tay •.1 ':A1' I1/011'1.RTI1:••••• . ' IYC. and 41 In A. Snr,1 .nal 4Il ton `t. Stir In, t'Sr. - - 14-1'ul 1111.t and A.•.13.t an I Srrrn.tr.•..1 •111.11l:'t CATT: 1x11,1 .v:11 taa•a•TR% CIA'S. INC.. rnrp.Pat lanai tlmli•r LI,. 1.it'. •'1 the. St atr ..t II..rl[la. - - In +1r tal•'wn t•• I," .hr ngotonv wi:n whir at'wed tht• rove:4. 1 It tna r•u- • Writ a. '.u.4. 1.t•iw•ru and nr•nrr.lIIV naf.lwndndi,rd thr ,xrrntUm thrr.4.I t.. be I •it 1n,•,' act .n^1 .l.•rJ a. much n11 i.'rr. I.'r tbs. ,,,ire .anti nln4,• _. . 11.,.,...I a -ill t i•1.,.d 41.11 that, tIi. ' :e11:.cc Ii.t•1•r In ti•r n''wi..l . ..i n mail rntq,.,r..t I441.. and tient I In. .,•d .n.11•1t- , .111.141 i. t'•.• .1.•I .,1.d dM•d of ...a,i1 .'irt.,v-rt war .. - — H1Ttil•..: i's, haat] ..114,1 ••!1sei.3l ..,-.ti ;It `l t i.t-I •• t•. _ C..unty ..1. on' .t at 1.i 11..4.14 II.. .t.lti and II• I,.t _ _[• n t•U•i...1.1 id -` • I , / . . -....11,.....s.. ..„,.„..• r•iblit' r - Thin 1........, .1,1 w.... I't•ry,•u.J - •• - 1101...1•I i.. 1‘. 11111.41111 .•`•• "' "•.t „ _ Al l n1.11.v Ai Law- - 71.41. a 1.••..\-i.. hum i'�•in'J ~ 4:.e•:. I I•.r l•14 1;1 Ii• 4�"t��• `. r � OOCU4F`T"•RY= . STATE• oFTLOA1pgI • w I FLORIIZA \SUR TAX y^ ► AOCUMENUARY $1AMPTAri r ra\ I 00.5511 ;i 0.r.qtYfliul ,?-y 1 10.1 �: � 141.4.®loot �' o = . . Ein.•-• EJ _....... .coir 98 5 ,Zn/-4-- w +Q .. t COR RECTIV E.CORRK(:I'YE It AitlUN IT UEIt) 386021 llE 622 nu 787 _ ;t TItIS IN I)EXT1'ttE, bt.tdr Ihla IOth Any of Junr. 6.1). 1175 between GAC PROPERTIES INC, a Florida corporation existing under the laws•ii:he State of Florida. haring,is principal place of huairenn in the C..tnty of Itvfr and 1 Stats of Florida Anil GOLDEN GATE GOLF ANI;('Ol'NFRY Cil'I(, INC.. a ! 4 Florida corporation existing under the Iowa of the Slats at Florida. having fie principal place of business In the County of Collier and State of Florida, and i -" -I lawfully authorized le transact M aine.■in the Slue of Florida, parties of liar idJl first part, and GAC UT(LUTIES INC., Part Office Box flog. Cape Coral, Florida j 33904. a corporation nettling under the laws of the State of Triiwrt. having/IS l principal place of butnau In the County of l.re and State of Florida, and lata 1 - fully authorized to tranesot busman In the Stole of Florida. patty of the second part, t WITNESSETH: That the said`pa rites of lhr first part, for_i nd in consideration of the aunt„t SIXTY SIVE HUNDRED(56,500) DOLLARS to it In hand paid by the said party of the.rennd part, the receipt whereof is hereby a`` acknowledged, has granted. linrgatned and sold to the said party of the second part, Da aartaaaorr and a.algne fnneerr, the(ollmu(ng described land altuaie, lying and being in the County of Collier and Slate of Florida, to-wilt FEE SIMPLE TITLE TO THE FOLLOWING REAL.ESTATE - — A parcel of land In Collier County, Florida, more particularly described as ' follows and being a part of the Plat of Tract A of Golden Gate Unit 6, Port 2 as , ' recorded In Plat Book 9 at Atte 111 of the Pubic Records of Coiner County, , • Florida, mars particularly deseribad a■ follows: Commencing at the Northwest earner of Tract A, thence running a South a dlatance of 649.27 feet along the Wean boundary of said e . Tort A;thence running Furl 336.31 feet to a point, raid point ^ ' ion �� i, being also dsacrlb.d as the Point of Beginning:thence run North ( P'1 �- 'r' � 59°51'21"Fist,a Affiance of 3)1.15 fast to a point;thence run 1 "`�� _ o;i. J --S: North 0°09'03"East,a dlalaeee of 75.04 fret to a polnit thence �`�iii''' yr :w rue North 23°43'43"East, t distance of 104,18 Nat to a point! 'N ' • .7. CO '`o thane.run North 470 07'42"Wed, a diatanca of 196.55 fest to me, . 3 a point;th.nce ran South 590 44'56"Waal, a dlttance of 154.50 ' �t' i.d., fast to a point;thence run South 50°09'46"West, a datanca of - -1 14,20 feet to a point;thanes run South 11°04"09"Wert, a y illation*of 113.36 font let paint;thanes run South 3°45' 35" - 'd West. a distance of 153.92 feet to the Polnl of Beginning. e +• . , • 9B t'TILI YEASEMENF• li€622 rail 788 �+ n Ar ea/emelt'Inc utility flora 10 fent in'tithe,. being 19 fan equally•.n reit, side of the center line thereof. more Ile rte.ultrly,lewd'Iliad 41 bdtnw.r , Said line conmencutt at tkte Ynrtheaa.corner of Ft,ui I R of i` - • :l - ' l'nrt 1 of Gudden Gate Su MI kion. recorded in Plat Rook i . at Pape 61 of the Public Re,'nrde of r..iller(*mealy, Florida, .. �. and thence running Wal 05.19 feel to the "mai of Bre diming -- _ and the tenter lint nt the easement herein dascr.hrel:thence S- run South 0°02'.11"East for a dtatance of 1029.90 trot In a point;aald point being the Southerly termsnatinn of the ease- ment herein desrrtbed. iii ILITY EASEMENT - An easement for ut.bty lines Incited in Tract A of Gallica Gate Unit 1f. _ Part:3, accenting Co the Piot thereof, retarded ti.Plat Runk'1 ut Page 111 of the Public I;ernrda nt indite:lmrnty. Florid.,mire paella-444 el/ described a■follower A strip of land 30 het in width, being 15 feet equally on each aide - of the canter hue thereof. and sues essential contineaeing at the - r Seutheul corner of Lot 14, Block ill of said Unit b. Part 2 of "a Gulden Gate Subdtvieion:and thence running South 04°19' 21' Etat along said casement center line far a distance of 348.Si feet in the point of Easterly termination of said 10 fent cant- merit 9° heretolarc dc•arih•d. This deed is given to correct the description of ice simple title to 1 . certain real estate U shown in a Karranty deed tinted the gth day of January - 1973 and recorded En OR Book 510, Page 916.918, and in a corrective warranty deed dated the Oth day of/Any 1974 and recorded in OR.Book 509, Page 760-762. IN WITNESS'VIIEREOF. the said parties of the first part have caused - _ (hone present■to be atgned in its name by It.proper officers, and it. corporate • real to he affixed, attested by its Secretary, the day and year above written. •- - err . GAG PROPERTIES�INC""'4. ' *73 Att•et: -e.4*, t., l-. a By�j3.�.6tt .. '- Secretary r Vice 1?rFstdldenl.. • ..-�- 1 _ Signed,Scaled and delivered /_'"• "-^'P in the presence of ear ;! •a GDLDEN GATE OOZE'3f COUNTRY - • )/Vere..... e f CLUB, INC. • '!•• Atte•[: 1. ,�T/ F t^--- By. ' � •,e;1 ;� Ass •ta ry „, Vita P f;denl-,..• :I Signed. Sealed end dative rad -_ in,: i pr.aence el us. 98 STATE OF FLORIDA III 622 1J:1 789 • COt!NrY OF DAD"r; n_ti, 1 ItEAERY Cthea ERTIFY, on then lUth ley Sit ttotc, A D. 1 r 6efa re - • me perennetly appeared Robert I.. Weintraub and Juanita 0 vert. Vire I'raatdnnt .. and Secretary of CAC PROPERTIES INC lel Srrlacy A. Sorel ar•1 AhlInn M.Shapiro thee Prcai dent ant Aestatant Socrelary of GOLDEN i:A1E r;OI.l"ANN/COUNTRY Cult. iAt... cnrpnratrene under the law,of the Slate of t•7r-Silt, in ma known •�r. In be the persona who Signed the fotagornp inatrumenl as Stas°.olbaars and - Y Severally e.,tro x testate the remotion thrrerd in Ire their re.' . ,r and aced as -- - �e each nfl.t era for the tams and purposes therein mentioned and that they affixed - thereto the°Metal our of lard corporation,and 11111 the earl°lineament n the act and dean of ward corporation. WITNESS my hand and official'eat al Mfamt in the County of Dada `. and State of Ronda the tiny and yea. t11.11 atererard, ?` ° Notary Pahhc t Vote Ina rmncnt was Prepared ay: VI.74lo+r LT7trt7;AV-1.Klfyrs WOW ISM eL1W1 pnaRV/C2'103M3.lnr4. -, _..__ _.:•-, Samuel tL Mtn:lair - Attorney At Lauf = '• _ P. 0, floe 52)000 ')• Miami, Florida 17152 ,�•^•la`a,t'3e r5: ! I• rM SFSR D O DOCUMLN ART TTAMP TAM •— ger OS nt\YMVr 0.0 saalrn` X00 34.1 a. :i • • • tilt 9I -OR: 2848 PG; 2969 QUIT CLAIM DEED BY TRUSTEES OP DISSOLVED CORPORATION THIS INDENTURE made this 20th day of December 1982, between FRANK J. CALLAHAN latM9Celbtleaft NORMAN S. EDELCUP and JUANITA RIVERA, of Dade County, Florida, being the Directors of Golden Gate Golf,& Country Club, Inc., a dissolved Florida corpora- tion, at the time of its dissolution end as such as Trustees of the property of such diaaolved corporation for the benefit of the stockholders, hereinafter referred to as "First Party", and DOMENIC D'AGOSTINO, FRANK D'AGOSTINO, HAY/ON VQCISANO and ROBERT VOCISANO, a Florida General Partnership, hereinafter referred to as "Second Party". WITNESSETH, that the said parties of the First Part for end in consideration of the sum of TEN DOLLARS ($10.00) and other good and valuable consideration to them in hand paid by the said Second Party, the receipt whereof is hereby acknowledged, have granted, bargained and sold to the said Second Party, their heirs and assigns forever, the following described land situated lying and being in the County of Collier, State of Florida, to wits Tract A, GOLDEN GATE, Unit 8, Part 2, as recorded in Plat Book 9, pages 107-A through 112, Public Records of Collier County, ,Florida; LESS that certain parcel previously conveyed to Gulf Communicators, Inc., by warranty deed dated June 18, 1973, and recorded at O.R. Book 538, pages 353-355, Public Records of Collier County, Florida. TO HAVE AND HOLD the seem together with all and singular the appurtenances thereunto belonging or in anywise appertaining, and all the estate, right, title, interest and claim whatsoever of the said party of the First Part, either in law or equity, to the only proper use, end benefit of the said Second Party forever. IN WITNESS WHEREOF, the said party of the First Part has hereunto set their hands and seals the day and year first above written. 9B • OR: 2849 PG: 2970 Signed, sealed and delivered in presence of; 414 ARAN/� ' 'a RMAN s. DELCO. • �AH� I R' VERA being the Directors of Golden Gate Golf fi Country Club, Inc., a dissolved corporation at the time of its dissolution and as such as trustees of the property of such dissolved corporation for the benefit of the stockholders. STATE OF FLORIDA COUNTY OF DADE I HERESY CERTIFY that on this day, before me, an officer duly authorized in the State aforesaid and in the County aforesaid to take acknowledgments, personally appeared FRANX J. CALLAHAN, XN40:1:003900EROSi NORMAN S. EDELCUP and JUANITA PIVERA, of Golden - Gate Golf 6 Country Club, Ina., to me known to be the persons described in and who executed the foregoing instrument and they ecknoiledged before me that they executed the same. WITNESS my hand and official seal in the County end State last aforesaid this 20th day of December ,..++L9B2. .I� My Commission Expires: Notary Publ� -2- 98 �y y Dt STATE OP FLORIDA * OR: 2848 PG: 2971 Y#f COUNTY OF AFFIDAVIT COMES NOW, JUANITA I. RIVERA, after being duly sworn, deposes and says: 1. That she was a director of Golden Gate Golf c Country Club, Inc., a Florida corporation at the time of its dissolution which was December 1, 1977. 2. That the following individuals' were shown in the records of the Florida Secretary of State's office as directors of the corporation at the time it was dissolved: a. Frank J. Callahan b. David Hughes c. Norman S. Edalcup d. Juanita Rivera 3. That the following individuals who executed the Quit- Claim Deed were, in fact, a majority of the directors existing at the time the corporation was dissolved: a. Frank J. Callahan b. Norman S. Edelcu2 c. Juanita Rivera 4. That David Hughes was deceased in December of 1976. 5. Affiant further seyeth not. Dated: 20th day of December 1982. rector Sworn to and subscribed before me this 20th day of December_ 1982 by Juanita I. Rivera Rotary P cL/Z My Commission Expires': ff,d///d/T6 98 , Iktit: ^.4' - 11434.1 NII RAMC*FOefA 0 i .• ' d p7A 983 -4 r7 ,Zee i This Qnit• 1a1m Dttdr. , ,ud..t WI y..14,•f [., ,A.n.1935 ,67 .. -- FRANK D'AGo5TINO co s co fadpry,ta Robert Vocisano, Karin Vocisano, Dominic D'Agostino, and Salvatore Forleni, a Florida general partnership, a/k/a Golden Gate Inn ..1,...F.w4ftn.dd,n.tr 4100 Golden Gate Parkway 1g Naples, Florida 33999 ......1 potyr �"'. r-''., ""J'*ate"'.v.'1�vnh' •::r'^ w.tet. co I U Witnts$tlh, 7.1.•i t1N,nld Ifni perry,for ad In,o,ald •+ rratlon of ilm, a of 6 10.00 O re. , hand pard Gy Iho nil,mored party.Iha.r,aEni wL,-,.�.J I.hr,rGr•�Gne,�L•.rnrd,do;,hereby,..,1>..r... o .5 aI bare and gait,fain.turd at,,aid,mond peril forever.,di ll.,(QI,t,Qlio.mien,. 1..1.1 and d.aa nd v604 • __ iho told ftr,t parry he,kora I.th,fot6w1n0 dm,.tth,'d id,pk.or erc.l.f 64.,1l.rb,lytna and bdn0. CO la the County of Collier Sum. Plorida ,Soso-Ili Block 1, GOLDEN GATE, Unit No. 1, as recorded in Plat Book 9, Page 6•, -- Public Records of collier county, Florida, and Tracts A and B, GOLDEN GATE, Unit No. 1, as recorded in Plat Book 5, Page 62, Public Records of Collier County, Plorida, and Tract A, GOLDEN DATE, Unit B, Part 1, as recorded in Plat Book 5, Pa.ee, uo 0- 147-151, Public Records of Collier County, Florida; end r's4 ' Tract A, GOLDEN DATE, Unit 8, Part 2, as recorded in Plat Book 9, pa•e 0 107-A through 112, Public • • • Collier County, Florida; LESS t r+ c" certain parcel previo y ,i••'- f Communicators, Inc. by ••enty ^• ,.°cg deed dated June 18, '73.,, ..n�3+J,� , Book 538, pages 353-355, m 1 I Public Record■ of •.4 •nnty, r yD ALSO LESS that carte o Ei ; parcel previous ed to GAC Utili • - Inc., by warranty deeds i dated January • fir,, end Hay 0, 1974, reb*rded at OR Book 530, - pages 916-918, • a _519, p..e 76• rebpectively, Public Re cordo of Coil - TOGETHER vit t,• . tamente and appurtenances bel•ng- ing or in an e r' • 4il 3D HAVE AND111L0, •' •' SUBJECT TO: ', I i .I aakL. nts_of record; ''t •--'sate. , c •ning laver ' = bject to existin• :a•A.in`favor of Sarasota Al)Z r e al Savings a •.••;j g6��aticn. To �'1d11t and /��a', the,rwr mne,hr.mut, .• siryab.t&. nnv dormouse 66,0ine .r b nywt.. deal df a.,nLi.. .6j•.0l..r•i.bra o,wry.add,J im whai. 7,e. S mo..r of Iia„td flat p517,,r.' •,db . rev,lxneftl and b.heof.f Out tali n^ I .arnd,xrfy Rowasa L1'r• TLC' -.9t.9 i in Whereof,ii. .`.7 L . . • ..d mind IL..p..taW d..r{ey add r@ -. A `` fir„.6.60.will.,Sinned,, ..d an d.fp d L.p...e.e.Oil _dada_. g�•%dada r. .. 1Fr D'Agos na dB !MTh OF FLORIDA, CAUItIr OF COLLIER I HOIIOY CsuTIFY dal es tfw kg,Wira a... • mak r ea/anale.i.d F it.km..sandd and Is u.s d.atr at+rs.Y ■ ids odussAysistRoc,r••a*•nr 90.".1 PRANK D'AGOSTXNO r—boss a W iter prawn dna➢ad b W.im crated tar W,nl.a Iw,amem sal he ..�al.dn.d "I• ktN,1i'0r ha m.M.d,L- . 'ATTTt'.. a Mad sad f rlai rat r to Cady sat t, ha or.. s' ! Ay 1 I I«, A A ID + ,'� % � Jar/• ^� Received$ •. S4$ •Notary c - um Dotentory Stomp Tax ,'I lrftI.1'', .. Collier County,Ftpridn •' • Vo'G, m J sac an, lark ,y =MI POIL1C EI T Or ROAM"' .•f., by .. D.�:r. e}iW1111100[MKS App 1;1919 l as i' '.nisi popemf by: 101Xxo I0:.0 st.26A1 lilt.URD, ++,+� Thi.►n,nn......w P•w'"d ty j9+ _ �Wl� ;sea a, i,.i AI MYn.y � � TdbO Niyn1 Rand io,d.�n442010040 ti , • t L • 98 Ir. RAMC°roam a SIP ii mo c At I o a, Ili Cr' This Quit-C1atm Dull, Eo..1.4 Ihi, /z.."-r,,.7 art., ,e.n.1E3,a., I -443 I BM MONTELIA • I H•d Noy,lo Robert Vocieano, Mario Vacisano, • Dominic Deagoetino, and Salvatore lorleni, a Florida general partnership, a/k/a Golden Gate Inn rheo.ewnffk. ,1,,.61100 Golden Gate Parkway Naples, Florida 33699 .rand Help Ca 4 ri • ( ifItnisseth, . Ile rand find porky.kr and In eon,ld,r.tl.n of ii...u..of 510.90 cl m to Lad pard by 15..../J gond p.rty.Mho,error u,b..r•o/6 A. Lr acL,�a.,.todvd.. J,n,h•e by ad.. ,.1n7 r...,e ' Lr..rd eprtl•deb.ode the,.td eeeond pull forever.dl ill Hata,IA,Inlm.r4.dater and dmv . rd abr.b hi.Ofd Jr,. parry Imo m In ,d in the follwolno d.urihrd let,"Imo or parcel.(lend,Amok.Iyrno e. ars d bars - • - 6 de,County of Collier Su.r..f. Florida r►wtl. A •Block 1, GOLDEN GATE, Unit 110. 1, as recorded in Plat Book 5, page 52 'Public Records of Colier county, Florida; and • C •fractal A and B, GOLDER GATE, Unit No. 1, as retarded in Plat Rook 5, 'page 62, Public Records. of collier County, Florida; and Tract A, GOLDEN GATE, Unit 4, Part 1, as recorded in Plat Book 5, pagan 147-151, Public Records of Collier County, Florida; and 1?riet A, GOLDEN GATE, Unit 6, Part 2, a. recorded in Plat Book 9, peg- • 1107-A through 112, Public R Collier county, Plarida; LESS th t • i oertnin parcel previous e�" Communicators, Inc., by j to :warranty deed dated J1 ,l ded at OR Book 536, pages i r .353-353, Public Roo- a oilier Co..-y-,x rids; MD ALSO LESS the• o ,•oertain parcel pr: conveyed to CA Ot ities, Inc., by warrant t r-- ;deeds dated Jane, 1973, and Hay 6, 19 •, and recorded at OR ti- Book 530, pages •26 . . :t OR Book 599, •age 760, respectively, m '.Public Records .f .11 _coup •, ••a. I o :.TOGETEBR with .11 e ten-••• eredl aaentc arid.appurtenances i 'W r•belonging or ao , :t ted. HAVE ANO t• BOF. he�<• iI'M a ever.� ��!! e_ it i Sae•, a is �f Record; -•e- s t f -rd; ti I 4 ' Z•ring laws ▪ � ':-. I 5`t.` ect to existing trtg•ge•Lri',favor of Sarasota I ,� 'Federal S"a�vings\aep oan Association -0, • $ 1 y►a rb MuAa.d i�11 ila ma twitter mall of • � i,1.,tko asambrnrn hheiaaln • tj r i b.tonanna.r t.enyak. .. G .O •. d.1i ii.Moir.•.e. 1 , .teach,bale.erluay c,d go,e.ir- N,� Arrow of Lie recd fi,!peril,•. in (� - ' r ea bvtoflt e•l ,h..f,/hi, eat r.e.,d'.."y fa,c,.er- 11 `11s aIn SWt iWileY.,me u.41/tr,1�in.eie ni r.1 ual,d awn,prasn.b Ib.dy,ed ym �at.At Jiro abo,ve�J Allen. J4 shorted.4 .1,de G'Sitr. in primes eft M , l�I//i gni" ,( - ^ .r .. ... �..._ ......__....__..._.... a tiff: _._® 1 -6 1 •U aA,1;tr oOCLiCA• t I H6aulY=TUT dui au.N.day,16•.ma,in I .16.n der r.dnb.i 6 1i.are..Saoeu awl I.the Cv..ty dr..++ m take.h...fidp e.e,pr w.ay.1,•if • RAM MONTEL)A r re k,sr.to 1.e.roma de.ve.d I.awl.,i...seed a.trn.6t Lawton.%end .her.11/04 • '•'Won me..1 o..•e.a,A..er.. 1 I e`:,.;)Lf r,loos e.r .ffdel I. ,be I}rnr mi um but ;___,_,"1, . •-'-u- d.p 4 C' �RecebOd S .V-S" io?f-E ell _.4t.,?!•._....-..._.... Documentary Stomp Far • t• +u'.'••`' Collier County,Florida Wiui )J.Rco on, krk "ApTrrt Mur s7►ft 9t f a al,.,, �,•` nlX` • `Ayacert',strol urs►tt N . 4111 11H- f-711 lrmmw,pe�.,d h: . . .0 ,...r Ifty i� 1 ' tiifw Md.,anis.,zism bitri 1 1 1 , L I 1 9B 1( � •t.... Yh .,.. . . /"2 ) .sear I... . l -J !M 14. PIC , P.:17 r . Warranty �err myEed y ]DMode end es.m u.l '.3) de,at A.D.JD 94 by I)•T AN!axcM CABLEy181ON SERVICES, INC., l/k/a GULF COIJBJID4ICATORE INC. a terpor.tloe.d,rint maw ll.l..,.f Florida ,and baofry 11. pr,mipcJ.L.e..1 bu.,,.m.tl4li S.W. 10th Street, Cape Coral, Florida 33904, herr/Inn/ter.elted the pv.l.r.1. FLORIDA CABLEVISTON MANAGEYIEHT CORP., C, ca I wawa p..t.ffie..,td...a P.O. Box 311 Wierk Avenue, 7, o_ Liberty, New York 12754, . 03 po co sR her.teafte. ' Ifo pealon b -.v rr elf 17::f.a W .r!r,..b r rr ...t - ItiltaeSSetil:Thal Oro peeler.for and tri osrearrdtan of as Amu 4 510.00 and A.. .✓ _ wlua6l.a,vldrnulons,reettp1 whereof It h.r.hy aria.wltd0.d by tbria p,.rantr hoar met,{wyeaa..Q. alhni,re,.im,retests.,stomp oral rnnikrm anlg the wit..,all that meat.&nal.e..r.a Collier Cae&Jp.Moran,vas ID Legally described cm Exhibit 'A`, attached hereto • and by refereed* Isade a pert hereof. o a t.n Fri 0 Received$ .....lsr..$ Dncurncr. (J,� i � Calfitr 11, oricf �T o W' -.on Cfe k � I • 9• I,R_t a% '•a-C. TI 9Eltttr earl. + a--r .. . d app• ,name,dorm.. b.frnpinet ee a ant- rata.appertaining. T0 'Hoe ., y�«E. . .J • nad d..p,a.0 In 1 b 6.1L,l(r aa�d of sad ta,.d le J.. ) tenet.;ilea tl hey 0•! .•'4 �i. •4 "•Q •`;,A61:1 .rl;Jlu/M lun6y lolly aro` ; wear Iha 111/. le . and mill.1.f . lh...• .•0111.0 -•tut''lblm..(.l!p.rrora wharn,n.aar; and'hal add Lad Is w(,• all rnawnbnun. :.`1 ,,w1: r.o ,tL�// ` 1 . to v,*fai au; 1 1...•4.. ,•.J11" , ' lh•grantor b0.armed 11...y,.,..,u Is L towed In lb arasw..,,l lb crepe+tr,ear 1.I.La.md.offl:0d.by Lb ‘Iip/spree afftm.g th.1.a,d.viol),.albedo,lkr day and year flr,l.b.ue m.(ue V .'AT[FSr.t I. �ri�ek atm.+ ANEITICAN CABLEV SI SERVICES, INC. i St; .a 5• • ar.lydmLdli.. . inI • nn.1' j G�j rL.. -..� f�• %/!• •. ' . �IV - ��la ld . Rughea Praia a k1 °. O r/1< 4.les. PJ rrASL Or plezida 1 p t � � o,1,a� 1 t fN 3 4, I....,cirTleY.i.,..rW 4.,. on. AI.....01 le d.+..r..d abwii r.4.,tl..ier...k r • .....e,�.•..a Harold t. Hughes and H. Beth Broderick < O��` ..a t.•.....■r i. ►..ire..i Secretary .......et 0.wr. im._ ...wg I.is t...i.....6.6.1 a.+.r+.nor.+...bared.....ye i...I.a..�r ii 0.0.6•.a1.1.+.....q w.d-...a• - ..a.ate a.k er Is r..W re+.....w r r r.a..a rare•r.W..>g....0001• .r.r.. tomato w I. . raN .. sa 1.a.e...,..d a .I.e .,a.3 '•1-•a.4 iY./a/rr1"{L, . ,..b ery ...1 at 71e►mnwtD• el my NOTAARY PO IC OYR' TAf STG�OF Te • I dF� tick ? LARGE 1 Add, G.Waeatm,ROW*3Jiu my Conti anion expires: z_lj.S'S- 11 L 96 10JJO fALt c�i]'J - - 1tt.'C01t111:11'!MY2ICT1 1.8111$1111/-with*, .. f -with*, Typing o/ 01.70.11..1 _......_ ,-._ uwat•Islert to .6L dnn.mrnt 1.110 1110411.14. • • m. c r } ...MA • ....k.....•Nrr� 1 ti . • Q G t ."4- pCp o 1I{ C 1 • ! 7X. V 1111, let; .1 " {;. ��; 1 X11 rn •. ds e ' f1 ` 1 l • -: . t grapi..... 1, (":46z./ • • • t- ,,,.., ___ Tom~ „:�-r. 0440 a pal.. la P+Ai.a +i7e<areal•[inai'A0 al e7 M 1* ALL(ata*da L7� Pod r e- - rook f.woo 1014112. A..OM a...._...1e..11Y1 L -. • yeoo.�I..•yr R hos 4 mond.ear 1 .l.>.77►at.rr<a A 441. 40. tr• 14r ,.+ •At...s.•1 a•rata, K.b.. 1L..i a w� .1"A , _ • T�11 021.77 ud Sad vls1* , 7 .Y7'I1, a ira•M ll 44,ft•C. La 7!�; yy M f;tw 1.142 LOW W f. Dw.N h.a.r,..arms. I be 1.r t'.�L'7rt� ry 1 001.4 We r..77.07�a•r•t 1/r M i/•IL. _lin- frlanu. 0.1 ono al ul I1.K 4.aul.W al 1101 nsalr 4...ruN I.12. I 777!7 A,MAN A 711.el 1•.d •0.11/LH..eai24.12 7•�A far ooty . 1.0.,11. e•13.1.0* !lar 1'.r0 0 J..1 d.MriLd toot 0777, 0 11*c 1.al • 1.40 1.0 1211.44 ILL Soon a/at iL.a L?11.3...k f y1*107711.1.114711*dr t 4l{lr 6..q,1t4.1A4 Alfa 4t...lap u!4.,a 1* k..1*tall.le 10'001'..100.14 tai. lms7710 1r Parc I..A pow I.211.01i2..t�7a•11 ad.21.14 twat tsar•t tA.M,...Oa Oa.tnactilael t..4477 KAttr.ek s a.140.0.La &Y.= 4 ..1.41272401.0,u reaanlial ll nag i.ak 1,f.ea 100-UI,Lahti.bon.of 24/1r0'01+4,21.2.04 Am.7..1.71.03'Al'C.11X.11 fsr. -... .,_ .. Cada tda...at as Oro a. 7'0174 ar 4.-tsrt In t'1*Waw •s-At.0401 11Las 7...1 LAI 4lwarlugt,H SSM.funvttf al4 - plaltatll l,'.t.Sams!...�a...owl nt,r10.l Is nA MA 9.lsM9 107,111.•I t14h1{3Lara 41...sdao. l.2�, 4134.,0a•aslr fl.r{d•.Md r.7a dutars.01 11.41 Ie.217Mr11 Irv,s.,o wale.'34 147.1*..4 3..77.W i1•I. $1.40 h0.1e w.u..1344.t.444 u e.1.•awl.k.Wt lir..,11.W.2410 101.Loll I.101 0'1.genu'•4Ydr1 0*•fvellvulo.. • p I.,w. - a 40130720 t.krv.,1,fine rt.0101 rler,,." F I 0.411 2.704 Wt Kw 4.7..1.'...74 0118 I1rvr01a1 W 1.0•{24.A Y..INa"'' • K Oa 1.S.1.L1.0176 W f.L7.1••.d�41r10J 4.2. IV IN• .{ . awi711d 11...707.t..w Mt K r ..•1•••••••j•a •.-17' •",•117„ • • td 7.Airs. .4-Is? 0• 40101003 I.tl j14 Malo 17..137 la Miid....r r 4 b.ltaa tMp.,a.s1 UloapI 1.rz7M . l 747.....1 • any1i1-N j 1f . L . 1 96 (2,/ i ./err LIC$WBE AGREEMENT9 _nn�� CP ch THI6 ON-EXCLUSIVE LICENSE AGREEMENT, made this =, es %of�)7=„7„),1-EXCLUSIVE r {�, 1984, by and between AVATAR VMLITIEs IHC., lo, • f/k//a GAG Utilities Inc., a Delaware corporation, of 201 0 mn_ Alhambra Circle, Coral Gables, Florida 33134, hereinafter ti ' referred to as "Licensor", and PLORIOA CABLEVIBIDN MANAGEMENT to CORP., a Florida corporation, of P. 0. Box 311, Wierk Ave., - Liberty, New York 12754, hereinafter referred to as 'Licensee'. EyI R N BEA IITI,t l i Licensor, beiaq the holder of a grant of easement for road ' t purposes on the property described below, in consideration of the payment of TEN AND NO/loo (510.00) DOLLARS, and other good en, and valuable considerations, the adequacy and receipt of which C2. 1 is hereby acknowledged, hereby grants to Licensee en -o e. I irrevocable license to ase Licensor's easement, subject to all A the tarns and conditions hereof, the following deocribed c� v premiuse: 171 `^ A 3D' alinement iu golden Gate Saba/el-0.0n, Unit i, f ( cm r Plat Book 3, Page 61 and Unit B, Pert 2, Plat Bock o z 9, Page 107A, more fully described as that part Il, ggg from a point at the Northeast corner of Lot 27, '2 t5 Block 261 Golden Gate Unit 88, Pert 2 as shown on U2 CC a Plat records• -.egg a-• =nd Necords of Collier coCounty, Fl. -a o) 1. Page 111, said • 0 o point be o. way line of Golden I Gate F. •-• -- shown on se) . thence ran along , the s= • '••th right of way 1 akt 282.20 feat for a PG •. BEGINNING and rennin' thence fram said PO OF8,IBNIN. .• a con er-'line of a 30 foo r• d .k G•• t .w•de- .ibed tea fbllowing Co se: •ie • -a 8 46 7'O6'E, 40..81 feet, th-nce A. the debt, whose ra•ius - 20. la. f e. V. n B 20'42'57'8 18' 60 .t) •n ar is E e 88,97 feet, thence s .7.f •• •• ;hence ong,the arc of a cu..- e ri; , w..,7 real., s, b2.3.47 feet I (ch. . •wring 9 8'01'27"' 14..2 feel)) an arc dig- tan. 114.47 feet, thea: $ '2'.'�'.'{5'W 120.23 feet . ce along the Sr.. r. . . rye, to the left, e whose. . • a is 323.56 feet - •-aring B 0'20'58• 1 a 142.•. an arc distan .Qf •3.83 feat, thence a 8 12'54 ' ' ' 68 feet : 40'- ang the arc of.e 1 curve to • 4 •1• s 6 562.88 feet (chord I bearing B 1' : �' ' -t) an arc distance of 230.66 feet, - . 2'51'43"W 149.59 feet, r Al thence along the arc of a curve to the left, wboae f radios is 416.87 feet (chord bearing a 4.12'42'W ` 125.41 feat) an aro distance of 125.69 feet, thence ` along the arc of a curve to the left, whose radius �.' is 51.00 feet (chord bearing E 47'57'3395 70.24 feet) ]✓fid an arc distance of 77.48 feet thence Si 81).31.1513 a curve to the 38.55 feet, thence along the arc of left, whole radius is 168.0 feet (chord bearing N J"O 77'01'42"B 74.92 feet) an Ara distance of 75.42 feet, • thence along the arc of a curve to the left, whose radian B is 60.26 feat (chord bearing 43'36'09'5 F 37 O glib 45.D2 feet) ea arc distance of 46.26 feet to the k.Q'''' � POIPS Of Bmoxeo. gThe property may be used by Licitness solely for the purpose of road aeeees, during the period beginning with the date hereof. In the event that Licensor decide■ to abandon its easement, causing termination of Licensee's license), Licensor i before ouch abendomant shell assign its easement to Licensee. hY Mmi6n irmpq.d* Magni I OOrdU;ti"FisNaS3134 -1- 1 9B I • 000775 ;r 001077 I g nekg• . PAGE It ie a res ween L,Leenaor and Eleanore that this License shall inure to the benefit of Licensee's auceessors or assigns, as long es Licensee or its eacceennre or eneigne • maintained ■ franchise for the operation of the Cablevision Services of the Golden Gate System. Licensee shall indemnify Licensor for any end all liabilitiy for personal injuries, property damage, or for loan . of life ar property resulting from, or in any way connected with, the condition or use of the premises covered by thin I 1 License, except for personal injuries, property damages, or kk lose of life or property caused solely by the negligence of IFp Licensor. j She making, execution and delivery of this Liceoas Agree- •• 1 mint by Lleeodea ham not been induced by any representations, statements, warranties or agreements, other than those herein expressed. This Agreement embodies the entire underatanding of the parties and there are no further or ether agreameets aY • understandings , written or oral, in effect between the parties relating to the subject matter hereof. This Agreement may be 11 amended or modified only by an instrument of equal formality, signed by the respective parties. Lw WITNESS WHEREOF, the uegersigned have signed and sealed this License Agreement this,2.0i.Cvlay of 911,(1n4 k 1U4_ •VATAR UTILITIES INC, -..: ,, r • in the, sealed and de R CO)>� R•-a in the presence o i CJ aRPORATE SEA`.).. ••' ,� r nCv,• � r C i 7111,:i,„1:GVI'.. 7,'J'tg;!'°":" N . ORvb ATE SEAL) !Il.'i: ...\ tr..., �. L . F STATE OF PCOEtD 1} = O�7` �: ' ii covets or 11)A-DE _ ��L _ I SEREST CERTIFY that on this day, before ma, an office; � •,j"=, duly authorised is the State and Couny.y afor sa o take •' • f acknowledgjgents, pe oonally appeared lit,'8,, .t4'L7A as 0,00 Aq, 4La_ of AVATAR UTILITIES TN , o me known to• be the•person described in and who executed t.a foregoing instrument, and he acknowledged before ma that be executed the s&me:.on behalf of the corporation. '1�, , wrTN%SS my band and seal this •b day of �Cd , 19e4 4i-'. f� '' C n i. V/ G.li 7 ;1 27DTARYit PO IC ST OF AT& oa . , {SEAL) FLORIDA A LEESE J'',) Hy Cohn iseion expireei g-((-r3 t -2- 98 00011 000116 - 0R'B00W PAGE i i • BTATE OF SSW WORM F c00HTf OF OW YOU: I. I I HitaiHY CERIUM that OR this day, before etc, en F officer duly authorised in the State and County aforesaid to take acknowledgments, personally appeared John D. O'Neill as ; Treasurer of FLORIDA CAHLBrfasoN MANAGEMENT CORP.,.known ;, to be the person described in end who ewacuted the foregoing inetrumant, and ha acknowledged before ea that he executed • • the same an behalf of the corporation. • HSTNESS my hand and meal this,3 0 da—of' , 11,04. 41,01wer dr F. `' •UB C STATEW1OUF twteir Ma•14niow F l / o.�n.a m e.. •My-cammiaeion e:pirea:,j�A Sf cema+ebn luau MrgrtwS^ -.: . cr . ---- ..).,,\\ • t —1 , �, f �, r 1y 1 • TNfL CIR(7 r Via::. . ...! � � __ L • 9B • • • immummihniminin i0130010 1.5 i4 1e mit 0 0 6 1131 001230 awn COATI' WCdgGfd GR 800K PAGE 02I7-C.S.AIN DCtD ��,,��_p1p.ti,t� TATS Ou1T-CLAIM Oren, executed thin r1h1lidoy oof ARO, , a19 g5, by and between DOMBNIC D'AGtOTINO, MRr1 M ANI, AND ROAERI VOCISANO, A FLORIDA CEALRAI.PARTNER/11NMAA(Tirol rty). tO A`/ATAB Ur1LITIEE, INC. OF FloRIDA, h __"CORPORATION (Second Party), wnnae eddreee in (Wherever used herein, the toote 'rirut Party nod •dadond Party'~shall include einguler and plural, herr, legal repreuentativee and aaelons of rndivtduaIo, and the auctn"oOta and .,aaigna of eerperetiona, wherever the context en admit. or regui roe.) MIT!wrfr9, That the .aid firer. Party, for and in con.ideratlaa of the awl of 4i0.047 to hand paid by the raid Second Party, the receipt whereof la hereby ecknovlwdgad, doer hereby ra+ai.e, releeee end quit-claim onto the void Seeped Party forever, all the right, tl tie, interest, claim and do aod which the cold !First Party hal in and to the following daerrlbed lot, pier, or parcel or land, alteete, ly1 no the County or collier, State of Florida, to-mitt/ (;iTaO CO See ettaehed g TODETUC r1 a jr me sat forth in Echo- t TO SAYE • TO - • the Rome, together wit 11 apd singular the Apportena•• a t . • enging or LF ■nyw a appertainin4, and all the a ata, r1•f , ti ti -c ileo, • ityt and dIal), Oh.tnoover of the .aid Part , e1t".r in law or rgbrty• to 'oho only p ••..r . benefit 1y of he said',tecctd Party j forever, 71 , rx aligned and seaLad these.p�l�•t ■ld•��e',�., w�l cteR. �I r VD=' .. IALY. • ,tq rq'NI, AAD IOa EAT I , A L9 ph ' ~•1) P \ Aa tom' _ VIM., .•, •lo .V 7 , Genera ...)A, ParrA ••1 authority 71 .I vc too whip _ 6 . Vit k noes Petalved s_`lam - L ' 1 pry StompToo Co, rt.Feii Wil'mJ.Reopen,C .k• ,t D.4 Y AVATAR .. .avuaraaet. es.rr p.. a...a..I.r so, 1• L . 9B , 0(71131 001231 OR BOOK PACE /TAMS Dr FLORIDA COMM dT COLLIS). I REARM GRIMLY/that on this day, before me, en officer daily suthOrixod in the State and County aforceald to take acknawledgmenta, personally appeared DOMENIC D'AGOSTINO, General Partnor of DOmoniC D'Apestlno, Mario Vocienno, Salvatore, Porlaot, and Pobart Vociseno, a rlorida General parcncrehip, w,th full authority to bind the partnership, to M known to he the pavan dncribed la and who oaeeuted the foreaoinp instrument, and he acknowledged before ea that he executed tho same. MirWSSt my hint end oftieiyl seal in the State and County aforesaid, thin J1? day of ., '-..� • 1913. y• ' 11Y Notary P,f 1c,tate of rlotide ItiAI4 My Cesieaion Eaplresi /HI lnatrueiat wax prtperee• •- •--tion fureiabe,Pe the parties ••• Qcn 1St p 1 opinion or title exam • tito • ,l` l/ y� KIGALI.J. VDLPC, -• ''+/4'V T Monaco, Cardillo, xh t �� Yelp* 3550 South Taaiadi �h', I \ Naples, rlorldn/ 339 2 \ • �)A 1 r, C 0 p ‘ 1 _ _ 1I(---, 711GC1RL II- L • 9B .. Revlaed 2112/15 As o As no At r At .� OAHf•3'y'A• A parccl of hind In Coll Icy County, Fterida, brine a part of the pill of Tract A of Coldco Gate Ont! 0, Part 11. as recorded In Plat cook 9 at oust III of o the Pohiic atcarda of tallier County, Florida balm; .9 mere pdrllcularly dtacribed as fallo tat y >w tom+anais*at the nbrihwcat corner Of 46Tract A. rue South tient the reit use re „n of 1611 Traat A a distinct of 1334.27 Feet; thence ran Fait 331.31 feet to the Polet of baolnnint of the herein duacrlb•d parcel. Froe said Faint of ,oin• run R 09'54'21' I l 15 Fret; threat no h0 Q• ..Co of Te.• • 1 C a • 04.15 fa• , un R 4 .1'• a dlatanci of 1 • fk tb . 5 A9'44.511' V e ditto , , GT 1 4.5. tit; Vence run S 50.09'46 V a\ • -lute• • felt; thence run 1'0 09 . fin :G (ret• the • rue 5 45' •' V a dl tante a l 103 92 r to -e t of S einrtln•.1 i PY . LO • 1-1 CIRCv . Frs ma= tMy d . lYes•_7dau44mil.wbw am aretteigees .. .. L. Y f • (o4 . . L • a• 9e • • • L814llg1 8 co l WILTS/MUM T cm yeeAvt for utility 11nes 30.feet In width,beirg If foot equally an ash it of Moo altar lint thernaf,w»Particularly described ea follows: • Said line con+enctne et the Northeast corner of Tract I of Unit 1 of Colden Cate Subdivision,retarded in Plat Mot S.at Pane 61 of the Public Retort!'or Co111er CoUnty,Florida, end thence running Rest 68.15 feet b the Point of 8einnlna and the center line of the e esewynt herein desrribrd: thence run bath 0.0l• 41•East for e distance of 1020.39 feet to a point;said point being tar Southerly b o terninatlen of the easeeent Paretn drtcrl*ed_ fa 1 a rr m r+ /UTIL ITIITr 16.t211T 1�ab 4 R �• 7a�1 'bdct ent t h. Part 2, An ordl.gnt for vPll t 14 ? atcordl nq tq the'Plat t�t�1�1 � ed in Plat Eoa 9 e Ply ,111 of the Public Records of Center Cdwrpf !ad-da yore wrticul arty de1`be2 ac follows: A strip of sod 2. fret in width,being lb loch eo4n Yoh tom hide of moon center line + or,a • s. oen omencltd,et the Soul/molt corner of Let , 91-•- of told in 'art 2 of'Ge1dei,Gate Swbelrls •n;a d thence sun- 84. 19 zr Etat-alnna•.soid easeaan cent. ce • .• i - - the Mint or Fasted tern i0 4.,AGGrxitaen. (: ' 1/E CIKC 9E 01056662 ICEaat 17(0.49 001241 002343 COWER COUNTY RECOROED OR BOOK PAGE QUIT CLAN DEED B�D !,o" TRIS DEED,b made Oda FI dog of r 10 g� ,Cit./roan IDOMINIC D'AGOSTINO and aALVATOLE FORLANI,tndlvlduelly and se metal partners c24 of Golden Gate Inn,a Florida general partocr,dp(sometlmn also known es Golden Gate Inn and County Club),collectivity referred to a"grantors*,and ROBERT YOCL3ANO end MABJO VOCISANO,a Florida 'neral partnership known ea Golden Gate bin, the grentaet, 4100 GOWER Were PMeOMY.,tes.ft 3, ft. 33999 Thu grantors,in eem ideratfm of the sum of Ten Dollars($10.00),end other good and wettable considerations paid by the grantees to the'renters,the receipt of which is hereby tekrmwkdged,hereby convey to(renter,the reel property in Collier County, Pboride desarlbed en Exhibit"A•. To hare and to held the same, together with all or tins hereditaments and appurtenances thereunto belonging or In anywise appertaining, to the Briatees, and grantees.heirs,a000aoora end ensigns!, This property L net the.4j1e s { � li of the irritators or of any of tFe Cha' pertnere. r W1TNffi"r" ) I 1 \. , . J f '-,lwr , (/'a iOMINIC VAGOSTINO ' /S Renlw+dS /o Stamp Tait rfReceivedf // � claw,V'Irian/1ble MATE OF FLORIDA / Personal P,roperlyTex COUNTY OP COLLIBIt COWER "NTY 9 yF $ pj� Qu' I HEREBY CERTIFY that on ails daAV. .. •0.C. the State and County named ahowe to take acknowledgments, personally appeared Dominic D'Agostino as General Partner to me known to be the person described as grantor in and who executes]the foregoing Quit Claim Beed and aeknowledged before me that meld perm=executed that Quit Claim Deed• w1TNESS any land and offtotdaeel In the County end Stats last adorandd this ,4/ day at.„al6+e-nise-,,Q• • (B 'T"" My Cotemlesian Expires: , ORM ntunot rn'e Q 0Rl0t0 N.aa.1.101 MILD>m COWL M.m, arn,wm• •nu.t•w..a.n., 9B (ioI2,4I 002344 OR BOOK PAGE STATE OP FLORIDA COUNTY OP COLLIER I HEREBY CERTIFY that on tads day,before mo,a Notary Pubik duly authorized In the State and County named above to take acknowledgments, personally appeared Salvatore Portant at General Partner,to mu known to he the person described as grantor In and Mho anmottl the foregoing Quit C•aIE Deed end eekowledged bdore me that said person snouted that Quit Claim Deed. WITNESS toy hand and afDelal seal In the County and alts last aforesaid this 3/ day of )te'Gase ,logG .• HOT• AItYFOBIf 4P � • hay Commission Expires: '('?t tf, taut Mitt fait V llpW) R t.nelfOf.ta.1,11)2 . ` ,t -. IV..• • it/ •, ,\ • • ..-, 3L • t: • TOH1vab14le • .. .a 9B .40I2kI 0023k5 OR BOOK PAGE Wain'A' Block 1,GOLDEN GATE,Unit No,1,as recorded in Plat Bank 5, Page 82,Public Records of Collier County,Florida;and 'tracts A and B,GOLDEN GATE,Unit No.1,as recorded In Plat Book 5, Page 62, Public Records of Collier Comity, Florida; and Tract A, GOLDEN GATE, Unit 8, Part 1, as recorded ht Plat Book 5, Pages 147-151,Public Records of Collier County,Florida;end Tract A,GOLDEN GATE,Unit 8, Peet 1,as recorded In Plat Book 9,Page 147-A through 112, Public Records of Collier County,Ploridat LISS that certain parcel prevlously convoyed to Gulf Communicators,Inc.,by warranty deed dated June 18, 1571, and recorded at O.a. Sunt 518,Pages 353-355,Public Records of Co78ar County, Florida; AND ALSO LESS that certain parcel previously conveyed to GAC UtU5tles,Inc., by warranty deeds dated January 8,1973,and May 1,1979,Sid recorded at 0.11,Book 110, Pages 916-918, and al O.R. Hook 580, Page TMG, respectively,Public Records of Collier County,Florida;AND ALSO LESS that oertaln proal previously conveyed to Avatar Utilities,Inc.of Florida by quit chlor dead dated February 25,1985 and recorded at O.A. Book 1131,Page 1130 Public Records of Coifiar County,Florida. ( Itr ��fry��1j�ti-1 Tt3HJv.L1417 96 05rr.S2r SAB1s1AMf 61 I 6••••5''So TO I5 0ASnl(!T sada this 15th day of January, 1887, A.o„ S Avatar Properties Inc., 201 Alhaabra Circle, Coral Dahlia,. es Florida 31114, as the first party, and Avatar Militias loo, of '.t g Florida, its' soco.aaor and assigns, as tba second party. p 7d is. WITISad'Z9t That the first party, for and in o o p� G cooslderation of th■ OEM of 010.68 and other valuable co '' cansid.ratioos paid by the asoond party, receipt of which is treceipt hereby acknowledged, hereby groats unto the second party, its. sacoaaaors and assigns, a noo-eaolnaiva aoaeoent, license and ,. privilege to anter upon, and to Install and aalatair utility uo o facilLtias on tha following daeertbed lands being located in om Up Collier County, florid', to wit, -a o 13. CD CD 10 feet along the south std. of Lot 14 of co ~ o r Block 281 in Onit 8-Part 2, Golden note, c a eubdiviclon of portions o1 section. 22 a 27, Twp. 496., Rge. 161%, Collier County, Florida, as recorded in Plat Bock I, Page 111, Collier County, Florida. ASSIM07110 t lfk.t__:(pa \e right and privilege to use the land cotp/ rt ps with th:i%4 errant herein granted for all purpeass rot Sn orQ.esec ,d\arty'a ova, t occupation or enc Pt - ) 19 itITNL$1 h ai r parties have caved YI bhese presence tc`*trecated tbie:k6gh `` of January, 1907, A.D. g.Z = I, INBIaast THE&A OPBRTSBB X . ` ♦ 'u moi' • i al knlif GV,411 ,g311f7) 3 t'o / / lsecntive Vie. prestdaot v e. a..._ii .Attest to •'>! Bacratary T, nerrigan :(1 Q ` , w State of Florida • 11 aCounty of Dads w 3 Do this 16th day of January, 1987, before ne ,o, `o personally appeared Denpin J. Cateran and Juanita I. rsrripeo, known to be the Erecutive Vice President and Secretary, respectively, of Avatar Properties lm. / ,{ IAA Lir.Sr i�T'�[OF PUB C A DV FLORIDA.At LARak Min Instrmrat Prepared Ill sa�e.tc tett s nem Denn:SJ.C :RAi7.E8DUI4E o malntat rx tr.tta Ypt.n0 tt USA W r. lat..ILP`2�:1 t L.y ::^'t:,^..k au.+'""/ ,-1 A+++rQe PRbpearIis w. 9B d® IillM ; • • < 0 I 00 1 2 I BPFIDAV 1 HAY 27 M HI 2h . h 1� CQ�LIFtR COUNTY RECORDED. '� th?t,2, Dennir Getman, after being duly eworn do depasa and aay 7 0 O �0 1. I m over the ■q■ of 21 yearn/ ICn= v x N 2. I pro■antly reside at 7515 S.N. 163rd Street, Miami, c Zb0 Ploridai p• 3. I am an attorney licensed to practice in the State of •Q Florid. and em presently in good standing with The Florida Bar; , .& s 4. I am a member of the Board of Directors of Florida Cities 4 'b Nater Company, a Florida corporation, and am also the Genacal u SAP counsel for said corporation; n p e se4 ds 5. I am a Notary Public of the State of Florida and my a CD 3 a" commission expires February 13, 1989; ^' a . : CD —. u —.a6. Articles of Merger were filed on March 17, 1987 with the m 5.0 41r.:,J Florida Department of State, merging Avatar Utilities Inc. of e5 Florida into Florida Cities Water Company and said merger wee ieeiP,y y authorised by the State of Florida on March 29, 19671 a n u 7. As a Notary Public, i hereby certify that the attached o copy of the certification dated March 20, 1987 of George e.r Firestone, the Florida Secretary of State, is a true and correct .s.- 1 w copy of the original document which is maintained in tha corporate — g minute book of Florida Cities Water Company, and .cis a. 8. To tha beat of my knowledge end belief, the above are t'a1 true and correct. / (��) C'�r��`� iiL� l Il SiNL)1 . 'K,IY'li hOYIi'Yi ru • • � Ann a J. {semi ACD ,• r.,va�+wwwavar v■N = F STATE OF FLORIDA i • v ., .:yy4�.4..Fte.s:,f'+v^ati CRn '¢ 1 COUNTY OF DADS i ��'+..'er.t%6rm,Fa•aaialM `.".:1',...•,t'n,a s I SEREST CERTIFY that on this date, 'tiia'fore me, an officer c g n duly authorized in the State and County aforesaid to take o, acknowledgments personally appeared DENNIS J. GETMAN, well known ro \ to ma to be on the Board of Directors of Florida Cities Water Company and that he acknowledged executing this inatrument freely and voluntarily under authority duly vested in him by said , .. corporation and that the anal affixed thereto is the tree Wcorporate seal of said corporation. L,JWITNESS my hand And official a1 in tha County and'Stet•a last aforesaid this.y0 day oofQ ,( i „A.,..____:.1987. NCYI� BL S •; ARY PUBLIC 6TFLORIDA AT LARGE semis,wgn15 atilt•rl My Coesaiaeion Expires: �, UiisfrWW'B 7ov1, J • 1 • t 9B INN . • Exhibit A v o o BAREFOOT BAY o ,� o 1, Lot No. B in Block Be in Unit 2 Part 10, of Barefoot Bey, a subdivision dccordln9 to the Plat thereof recorded in the Public Records of Brevard County, Florida, in Plat Book 22, Page 108. 2. Tract 39, in Block 142 in Unit 2, part 1D, of Barefoot Bay, a subdivision, according to the Plat thereof recorded in the Public Records of Brevard County, Florida, in Plat•Book 22, Page 113. 3. Tract D, Unit 2, Part 11, Barefoot lay according to Plat D r.e thereof recorded to Plat Book 22, Page 119 of the Public an -- Records of Bravard County, Florida_ Irl e+s 4. A portion of Government Lot Z of Franction al Section 11, Township 30 South, Range 311 East; more particularly deacribed as follows: Beginning at a point on the west line of said Section 11, said paint being South 0°9'34" Fest, 429.42' from the West}corner of said Section 11; running thence South 0°09'34"East, 56;0'; Thence North 89°50'26",East, 50.0'; thence North 0°09'34' West, 56.0'; thence South 89°50'26" West, 50.0' to the Polo t of beginning. Containing 0.06 of an acre, more of less, and being in Brevard County, Florida. 5. That portion of Tract F in Unit 2, Part 10, Barefoot Bay according to Plat thereof recorded in Plat Book 22, Page 112 of the Public Records of Brevard County, Florida Beginning at a point on the West tine of the S.E. i of II,W. 0, Set. 9. Township 30 South, Range 36 East; said point being N 00°29'39"W, 150.01 feet from the Southwest corner of the Southeast i of the Northwest I of said Section 9; running thence N 00.29'39"W. 075,03 feet along the West line of Said Southeast 4 of the Northwest s of Section 9; thence S 8949'11" E. 521.13 feet; thence S 00°10'29"W, 800.00 fest; Chance 5 09°49'31° E. 162.00 feet to the Southwest corner of Lot 1, Block 47 of the aforementioned Barefoot Bay; • thence S 00.10'29" Y. 175.00 fast to the Southwest corner of Lot 1, Block SO of the aforementioned Barefoot Bay; thence N 89.49'31"W. 671.75 feat to the pointtaf begisoiBog, 6. Lot No. 14, in Block 44, in Unit 2, Part 10, of Barefoot Bay, a subdlvisioh according to the Plat thereof recorded In the Public Records of Brevard 5awlty, Florida in Plet Book 22, Page 10¢. gEt.r: ,°ACE! 2800 G3I4 'i 9B I .o fyrdif-'ti 001270 .002132 . OR BOOK PAGE • Exhibit A • GOLOEH SATE 1. A11 of Black 257 Unit 7 Golden Gats a subdivision according to Plat thereof recorded in Plat Rook 5, Page 139 of the Public Records of Collier County, Florida. Z. Lots 1 through B inclusive, of Block 258, Unit 7 of Golden Gate, according to the Plat thereof, as same is recorded in Plat Book 5, at Page 139, Sheet 5 of 12,'of the Public Records of Collier County, 3. All of Block 255, Unit 7 of Golden Gate, according to the Plat thereof, as seine Is recorded in Plat Book 5, at Page 139, Sheet 5 of 12, of the Public Records of Collier County, Florida. 4. A parcel of land in Collier County, Florida, being a part of the plat of Tract A of Golden GateUnit 8, Pert 11, as recorded in Plat Book 9 at page 111 of the Public Records of Collier County, Florida being more particularly described es follows: Commencing at the northwest corner of Tract A, run South along the west line of said Tract A e distance of 1334.27 feet; thence run East 336.31 feet to the Point of Beginning of the herein described parcel. From said Point of Beginning ran H 99°54'21° E a distance of 331.15 Feet; thence run it 00°03'03' E a distance • of 75.04 feet: thence run H 23'43'43' E a distance of 104.18 feet; thence run • H 47°07'42" W a distance of 196.55 feet; thence run $89°44'55" W a distance of 194.50 feet; thence run S 50°04'46• k a distance of 14.20 feat; thence run S 11°04'09" W a distance of 113.36 feet; thence run S 03'45'3C' W a distance of 183.92 feet to the Point of Beginning, .5. The South 35' of the West 35' of Lot 1, Block 59, Unit 2, Qglden Sate, according to plat thereof recorded in Plat Book 7, Page 61, of the Public Records of Collier County, Florida. • _._.. 9B F4wn. 'n i:: 1 w_ .J I`::-.' f::•• Y•:�{ . . .tai i_ 1i. 1i sl.:�' _ ;Y. ;i-`;:J� ;�: ;�,:- •Si`��}; Iii •, .�;-r. •�.•-rJ';T'r` �:'t t:. a r' i�. �1� C. �� 6 3(: of 1 tee ._. Iwo . -1��: :;: jt� or 119 1J. :cif: : "ft • �rP9rttnrnl of�futr lip J:pi 001270 002133 1=,; OR BOOK PAGE ; i fir. I certify the attached is a true end COrreet copy of Articles of 4..! ►? 3i Horgan, filed on Haab 17,1917, *erring AVATAR writ TTES nc. 12_ OF FLORIDA, a Delaware corporation,which is authorised to u�; Tt. CI giP transact business in the Stets'of Florida, into FLORIDA TIES ' MATE{=WARY, the surviving Florida corporation, as shown by lr the records of this office. "!l IS 411.; t�Y The docvxnt number for the surviving corporation is 291141. p�j '1� d=; ;411, IP; !,"; ibat unbar mp banb arts tfje "f- �ro!OmIafi4e%mit ofSlot-iba, S 1 attraltajustett,Il)tCapital,Igts ilia �~ a' 20th bprof March, 1497. , 411 �7 j F' y). • Z.\ .., IA" ,, -- . -- ) i l..... ir_ P drorgedffratIone •--- :, re. quem uo•ssi 2trrrtarp at;!letr :1`; 4•i,� .5 • J'.;-..,11:.14:. . /�[J 1.,-1+ .�. i yy.a )S��,i4- =P .��.••..�.,� �.i. .rya ll1..i L;I -i.;i-i ii'A 4 ri .�,':r.:1 �``.:1:'•;,,.'lS; :r,•�4�^Y,•'tZ:1�.�"`Y�`.-;.'i�'.rw•�.�n,. .°Yr .., 2800 1.315 r. . i. i 9B L'_I\ 7 t r.t�' ftWOJSIO/TWOJER_6TC 67G-Eft 4-540 f i , SS}oGY. la # See, 27 ,Twp 49 S,Rgs 26 a / o-s•rGg1 .2E' •• Preparedby: T. G. eemrntt C PPM aG1 FPL Naples, Fl. 33940 Eli-SEyrENT (:)d. DOC 'OM illi Im.KfM aw.SPa INf. Shoot l of 2 IHP,— The undenleuerl,in consideration of the ptyment of 51,C0 and other good end valuable considers•,/ thin,the adequacy and receipt of whirl,is hereby acknowledged,grant cod rim to Florida Power 15.ugh;Company,its licensees,agents,succcoors,and sutra,en cssement forever rot the construe. ,..., lion,operation and maintcninew of overhead and underground electric utility Cedilla(including - wirer,poles,guys,cables,conduits and appurtenant equipment)to bo Installed from rime to time; ▪ with the right to reconstruct,improve,add 10,enlarge,change the voltage,as well as,the gm of and c, • remove such facilities or any of them within an easement i0 feet in width described ea follows: o ED • C) o res N LI Q t..3g W a les ohtsm m PPL'B great 2 dated 2-2e-89 narked ^ .4.- Exhibit r"Exhibit •A" attached haroto and trade a part hereof. Tn the event that this easement is no longer used or required for the purpose it is intended it shall revert back to its former statue. irct acct SS_._2. ,it,m;. All;zt(^y eii-i- r-- p Q\j in_— ''r h.+1,61,'4:';.2 t o �T j per. a 1,7 • rc COLL AurllY ci.EP'ni /Y \ � t�.r W 1 � V,1 Q U Together with the right to parf-rrilsY`7J• nIdirm_tr omeration to attach wires to any facilities hereunder and ley eirt1'feninnd condo t wit]tits,ttu&asenleuf end to cpenthe e Uma foe d 3 communications purposes;the' tj of ingreer and miss tp spig-Ptemis,s at an timet;the right • to deer the land and keep It c( ri of all trete,undtirmtufliveed other obstructions within the easement area;to trim end art skidp trimmed and a ah•y'eed,weak,leaning or dangetnus trees or limbo outside of the cele as{n�which ' , carters with m fall upmt the lines or systems of romapwnlealioni or ower pi dh, union;and further gnats,to the full- est extent the uedereigned hasthe powe-to-'et;ital i1Asal,the rigbb hereinabove vented on the hand heretofore daseQ,ed,over,along,under and gams the roarb,streets or hlghwa}n ad- Joining arthrough and property. • ni WITNESS WHEREOF,the underdpp++ed Notarised and,'led this fnstntment on 19d..f / Signed,staled god deifeeted in the presence of: ,i r�: • ! iirli44-9-- f`! _.�"'Pil I)'z lace r r r, By Miner C• den Gat' Inn/Rcbert Vociaano ��}r� �,�+v^rVfpy Attdt: 3tcretary (Corp.Sal) STATE OF Flar 1 d,4 ANTI COUNTY OF C0 lit ft. I The foregoing instrument was eeknowledged before me this vA3 r day of"4/1 -,191 by --amt , • Ow NrFf respectively theeirrlVerr nom Par-sine-tit and tat— ,a ""o////orporatlan,no behalf or said corporation. , f/Ut'/.V 2Yl/1nJrr'- I My Commhdon Espiret: , N any Public,t ate of ran runic SlaTe e<rumm=y • 1 In=ISOM M.urn 21,tre1 . 9B ^�' , .'�y'•' 2-.l��• • • - „ 001434 000239 OR BOOK PAGE Sheet 2 of 2 2-16-09 EXIEERTf Electric UUSity Ea3ement to be Granted by Golden Gate Golf Cowie to Florida Power and • Said en3etn nt to be [oohed on; A PARCEL OF LAND 1N COLLIER COUNTY, FLORIDA,BEING A PART OF THE PLAT OF TRACT'A"OF GOLDEN GATE UNIT 5. PART II,AS RECORDED IN PLAT BOOK 9 AT PAGE III OF THE PUBLIC RECORDS 0P COLLIER COUNTY, PIAN IDA BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: ': `. (..•) ti COMMENCING AT THE NORT} T R '� At\A',RUN SOUTH ALONG THE WEST LINE OF SAID TAAcC�T''.4l A DISTANCE OF.1334.17 FEET:THENCE RUN EAST 336.31 FEET TO THE SouT117E5T'PROPERTY CORNER 0'FLORIDA CITIES WATER • COMPANY'S GOLDEN GAXE TREeff-MENrFL.ANT`LAND ITE' FROM SAW POINT OR PROPERTY CORNER.RUj1 111W05-11.11- A411-.5. 't}I�^1�,31.15 o3ME A THENCE DISTACR RUN NO0009 O3'E A DISTANCE 4F 75.1x'1 11E$T;'H HC p t"Y F 104.15 PEET:THENCE R{JN N9.i°D7 4p_'CC'A 1 STA�fC1i OF:1400 FEET;TO THE POINT OP BEGINNING(P.O B.)OY'THE fERETN DESCRIBED EASEMENT, FROM SAID POINT OP B GINNING RUN i14205t18-,eXTISTANCE CP 10.0 FEET; • THENCE N47007'42"W A 1715 0.:Rce OF E.0 FEEt;TSR BSO42n 1 A"THE DI TANTE OP 10A FEET;THENCE S47042•7,SA_OLST1I( BEGINNING (PA.B.). ": 9B AGREEMENT TO PURCHASE A14 EASEMENT Rebut&Mario Vetted=dlNa SaLER1 Golder GW Iron&C enii y rink EWER: Faith Citify!Water Comnanv (Malden Castel 112f'4. 1 ADDRESS 4100 Delde:on=a Per irwev ADDRESS: 4137 Swi":. .::_-100 NemisaFlcridt33494634 Telephone/241.455-1010 S�tta.Florid Ta t Talaphme/ pal-97440U UPON THE ACCEPTANCE OF THE OFFER(011.COUNTEROFFER)the Soler its agreed to on)and buy UPON Tim TERM?ANDCCNDRSO)8 WHICH FOLLOW,Menial property legally d eibeda: An atdna+ee,20 foot Male,permanent utility seeeo.gl upon 1.55 ease of property described to ole basement Greet attached hereto sed"nada a part of t!h Agreement by ieferonee.The puetmegt L hereafter referred ton lie'Rol property.' Thep utchase pia B encoded to teal property ably anima admen=shad 1. PURCHASE PRICE:The total purchase prim shafbe 1 .14. 000 (US.)Payeble u papaws: (a)Initial deposit in emery at dote time of 1 (b)additional deposit to be received in escrow on or Miens days alta Effective Das a dellaed blew to the moan of 1 (c*pmeet&of mongage,if any,[See Per 3(b)) 1 (d)note and mortgage in Seller,if any,[See Par 3(e)) S (e)mortgage auumptiom,Warty,subject to normal uuartation, ofapprox'onnely Ism Plc 3(d)) 1 (q the balance of the purchase prim by local certified check,rem transfer Anda or kcal r8lslds check d cloning.subject to ad)uatmmts and proratiaas,of apprcerimetely S Deponit Cheeks are=wed subject to collection, 2, CLAS WO AND POSSESSION DATE:Closing shell saw a a time of day end place in Coll}" the County L we property Is located,selected by the Bayer,but opal] maim m to the Seller.County,the .1994(ar prior to the dm with the writ=to"u"rs of both pertlesxthe"Closing D. ); 3. METHOD OF PAYMENT/FINANCING:(e)[X]Boyer will pm on with Ba masgsge emanebmmt ocaahsgeacy. 4. EVIDENCE or TITLE:Widths 30 dm after the EAlafve Dees at 20 days prior to closing,whky c is calla,Seller stall deliver to Beyra worn Meet elide from a company Jell,Etdary to Buyer,certified to the date adds oa*.d.The rorom Resent will show good and markbthle this with legal moo added only to the foporha ap4aaverd dile mogrtlcan:(a)real property ed valorem taxes for the ymr adoring;(b)aaniat,bo6Ang any sad alter cess na t rialon imposed by governmental authority;0 outsluading all,gree and mineral estmd of record,if my;mrd(d) reeeledmt and emonerds coram to the subdivision,provided,however that no me of elan stall preveot rose of the property per the peep=of utility mem=Boyer abaci be remomibk for pgatmt Cor inch a,mmhe ml„ 5. CONDmUN OF PROPERTY,RISK OF LOSS,WARRANTY:Thera ars ria lbetb Tamm to Sonar'adai.4 affect*g the value oldie tool property which Pro not t mdtly observable by Buyer orwhbrt bars act teas ddc3swd to Buyer toBayer v0iah°sBnyvbnman MTh that Buyer!we the right to have 000d<seted Independent Iaspodiora disclosing dr undid=ads.property std het ham afforded opportunity to requite cello b spactiana ane condition of the Seim Cannel.Buyer chooser ex eark Meer(2)(1)[X)waive inspections thereon iespe&oas ea provided In this puragaptwad rely upon the condition of the property based upon Buyer's own exam Wyke,en )(J Buyerronditiom this contact upon Inspection provisions at maned In the beached edwt Addendum.IF NO BOX IS CHECKED(I)SHALL BE DEEMED TV APPLY. Selo eta➢=this the property in ib present co°dltlon.ordinary we and tar excepted,included tun not limited to tea Len.shrubbery end landscaping.Any(ohne Iola ardor damage tothe property between rte date of rhtt otl`t ed the dab of dosing or date of posseusioa,whichever mans first,shall be a Sella'ssoh rho aril expanse.Soda shad rodedain adegode casualty insurance on ell irsproverne to atoll)dkhumerosoL & SELLER'S INSTRUMENTS AND EXPENSES;Buyer shed pay for and provide when appliobte including soy state Wee tax due tome:(a)the mrom{mteat title;(b)a surreal U.C.0 encu ubnace search;(c)preparatfon of statatterywarranty deed lm special warmly deed If Seller it a fiduciary),bill of sale with fail warranties,homeowner smorLt7®estoppel letter,tent estoppel letter,copies of leces mal assignment(e)of leex(r)and as affidavit regarding Don.passnuon.and withholding under PER1rf A,in a Form soffit-lent to allow"pp"coverage by title tnattaam;(d) motycye payoff infmmatdon(e)doaonethery=Spa as deed;(1)seller dell pay ton std provide when applicable hododing any on tate lax dna thereon:(g)lenity sarvkq to the closing date,the fall moan of special tear it aseanestl, including homeowner"'special auasmew,wthb.n a den one epactal asszsmrent that Is certain a to the Identity of the"keno or assessor,the property mbJet:t to the lien re special assessment and the resent of the lkn or spelelnflssmar4onorbeforetheEffectiveDataofthineontr.ce(h)Salley's&armybeg(I)artysomyupabad 1 es+4.440.0lte0 1miieJn4S e 4B Osseo Sebe by law. 7. BUYER'S INSTRUMENTS AND EXPENSE Bayer Asti pay for end provide when eppllcable including airy ma solo we dies thaw=(a)rewarding the Re daub(b)tido barman(o)recording aneenberablp approval;(d) ahsaaatsmrt»e a this rratfeoatlm throueb dies of deed mead=(e)Survey;(f)Poulosing❑otiee m utillry suppliers;(g)pending thane a spacial essmemmb(ileo:or meld a--'i other thaw lima elandted in subparagraph 6(g)besot).In the evert b Is deoamiood there aro pen dins Hexa or spealal astename is net disclosed b writing to Buyer by Seller,prior to or eontament with the retention of this canna,which pending Iota or special atpasmenta exceed 2%ante purchase price of the property,Brayer,at he option shalt have the right to torte :the egnmea by providing Seller writ=notice,mien Seller egress la writing In ply soda pending Ilea special enemrents in extant of 21 of the purchases price.Seller agrees an pay into mgew It remo❑able sum k inure that the moss will he paid a dewing. to the overt this coating is terminated Br pry roam pita b Whig, Bayarshell ken ectiatoly return to Sella surveys,title evidence,and association mai other dn®aE,Midi hive tem provided to Buyer by Seller. 1, EaORATSONB AND SPECIAL ASSESSMENTS: There items will he pureed as closing with the Bayer charged with end nodded at the closing drat,or the possession data while ever that corms:(a)reai eek and personal property taxes based m the current year(if available),ahewise on the prlceyeset bill(without discount)end reodjrard upon receipt of tax bill If tequeated by either petty;(b)interest on ray aamned indebtedness;(e)aammoa,=deo Boyar eleea to onetime new insurance;(d)rent and deposits(and ironed frLTaa to ne k 9. PROCEEDS OF SALE AND DISBURSEMENT PROCEDURE:Ifs patios of the parchne prier;a to he derived tan Inwitaticaral Fouvieleg,the requitement'of the lending lnattutm as to place,thea of dey,procedures for dewing,laid for disbursement orf m ortgage proceeds shall=trot. However.the Seller atoll have the right to require from the lending institution atdosing acommitment that the loafer will not withhold disbursement ofrrongegeproceeds at a result of any title defect ehxbotable to Bu yermongegor.t)aleu barhutloael procedures eat forth above control, the Sells shall be entitled to receive the net proceeds of sale upon brae afSelice r»n ants et douloe 10.TITLE DEFECTS Bayeribill Five 13 days tam meld of althorns of title ftir est nlmtim coda rmvami time fir smehdlm of legal was.If title or legal access is food defective,Buyer shaft within such Gee period,oorify &Ila in writb,g erectly/rig the dafecas).If the dereor(s)roilder(s)9do unmarketable.or Seller=mot deliver possession, or these is leo eaters per this conte,the Seller stall have 30 days from the receipt of netfee to restore oath defeats). Seller sgrem that Seller will,H itchier tmot deliver pasted sur,or Sells 5e no scats,or ibis Is found to be defective, use diligent effort to correct the defect(a)within the limo provided them for,Including the bringing of necovuy suite. Buycrshali here the spoon of accepting sad)possession,scene end title se Seller am provide without reduction of ties purchase price,or of demanding a refund dell monies pdd l eeewsder,end upon demand the monies hall be promptly returned to Buyer.Upon such demand end repayment the Buyer and Seller shall be released,as to one another,atoll obligation under this contract 11.SURVEY:Buyer may,et Buyer's experts.terra the most property surveyed se as rot to delay the closing,If otic arrey,as certified by a registered Florida surveyor,eaerectly shows:(a)an enaoechtnett onto the property,(b)an treprowtme t located on the property puojeds onto toads of others:(e)m lmprovomant vioWq a=log or other gavaostsanl ase reeEiadoq or(d)an improvement violets any recorded,or Sale Contact covenant Buyer will prvenptty notify the Sella In wefdng of the violation,orocec uroet orprojection end Begs alerts treat h n elide defect. If any portion of this real property lies seawall.orris Coastal Construction Control Line,to defined in Section 161.053 PS,the Buyer waives the right toreceive an eretavit or survey tom Seller delineating the Coastal Cats:m doll Control Lbsa located on the property. li FUNDS ESCROW:The tmdersigned escrow agent(the"escrowed)will;inapt b eawow the deposit months provided in the contract ted fold and apply the deposit®in escrow until doe calls rC(a)delivery for closing to soother ewower,win by acceptsnca spm to these than cod becomes the acme=(the teal essele braes holding tow deposit(s)is authorized to as Dot*the finds),and the delivering mamma is relieved of all liability for the lands delivered,lb)delivery of the deed,wet payment of the deposit monies n port of the purchase price of the Wash time as the Buyer may be entitled to confined of the propertysigned(c the parties,a which time the escrowee stall pay all of the mit®to the entitledthereto,direction sig,ued by deposit® party The aaowee shall ea with respect to the deposit(:)as sarkdald r my sad*Mod.opmae>m,'tits mawea dell nen be liable for the paymett orerny Intent:1,damages,seraney fees a eons easier iee any lotion the may bethought to recover the monies held la rsruw,or any pert thereof,=Ian the eserowes shall fail or refits*to pay over any art deposit(s)pursuant to a Judgment,ender or decree that shill he that leycod possibility cremes).In my proceeding which Stigma the dlepmpde n of the deposit®the samosa shell be entitled to be paid reasonable Mete},feet and cosh which shall be paid by the non-prevailing patty. The maoveolras no dray to collect or anoupeta collect any deposit or check given as a deposit but shall give the parties written notice of(1)any deposit that la not received within 5 days alts la due date and(2)any cheek for en initial deposit which is not paid at prosentrtfa.within S days after laming of its d knee.Upon receipt o[separate written directions Iran the Buyer,the deposit(:)shall be placed into an interest bearing account(but an Insured accent in not required)and ell interact aqubeg thereat dell be paid to the Buyer,in any event.If the asaowee Is a licmacd seal nose broker,dee escrowee shell comply with the requirements of Chapter 475 F.S.An wvwae dinghy an escrow aHe.seoomm 2 axe•sJle.Kea 96 fee shall be Sable for mdlscary TMBilbapr&.An aoarea not closing se mow tie deal be tb1le my for willed mbcmdun Cr VW tegitggroa. D.FOREIGN 1NVPSTM[Nf1NREAL EROPERIYTAX ACT(FIRPTAkSollars who ens u.S.fid etr•edu ere treldmt clime ate exempt this ribbaldlq.Boyer shall collect from the Seller,or deduct and whhbnld Cato mocha=trice,a cox on the Sellar equal to 10%of the purchase price maitre the SoBaalmg Vii'Buyer that n exemption relieves'Buyer Fr=arch colo:den by furnishing to Boyer err eSEi�vtt w4tln icb ectabliest Buyer's eadsfinlaa and Indemnifies Buyer for not legating er y eotone will eralpieat be Cooly of pay tothe day. u allow withholding by Boyer until the Buyer artisAes Seiko-the tax will be property and heady Palo Within l0 days after receipt,Buyer will 8b with and pay such tax to the Secreoey else Treasury re the benefit of the Seiler,end will provide evtdesco of raniltetea to the Seiler.The wllatloo or withholding by Boyer,or establishment of an azrrnptlen by Sella,is a candid=precedent".closing for the tole benefit of the Buyer.A Mitre of Salla to comply or allow cntnpiionce with the requirements of Snake 1445 IRC(end regulations)to or mat ofdcfnmh and breach of the contract by the Seiler, M.BINDING 07NTRACTAND PARTIES ADVISED TO SEER LEGAL COUNSEL:THE PARTIES ARE NOT REQUIRED TO USE ANY PARTICULAR FORM OF CONTRACT.TERMS AND CONDITIONS SHOULD BE NEGOTIATED BAS®UPON THE RESPECTIVE INTERESTS, OBJECTIVES AND BARGAINING POSITIONS OF ALL.INTERESTED PARTIES.APPROVAL OFT IS FOAM BY THE COLLIER COUNTY BAR ASSOCIATION AND BOARDS Ole REALTORS DOES NOT CONSTITUTE AN OPINION THAT ANY OF THE TERMS AND CDNDTSONS IN 77118 CONTRACT SHOULD BE ACCEPTED BY A PARTY IN A PART1WLe TRANsA TION,TIES ISA LBOAILYBINDING CERi RACTPORM.EACTCPARTYACKNOWLEDGES THAT PRIOR TO SIGNING THE CONTRACT THE QASINO EXPENSES HAVE BEEN EXPLAINED AND THAT PARTY HAS BUN ADVISED BYTNERSAL ESTATE BROKER OR AGENT TO SEER LEGAL COUNSEL AND TTTCE INSURANCE TO PROTECT MAT PARTY'S INTEREST PH CONNECTION WITH THE TRLE STATUS AND CU lWG OF THIS TRANSACTION, BUYPB AND SEILE R ARE ADYLSEI)TO CONSULT AN APIROPIUATE PROFES2310NAL FOR LEGAL,TAX PROPERTY CONDITION,ENVIRONMENTAL,AND OTHER SPECIALIZED ADVICE. t!. TIME OF PERFORMANCE AND REMEDIES:Thoe le of the encore few abating dd.Inlayer dna not perform Buyers obllpHons hereunder(except re excused by the Send del*aE*cake made shall be ptld to tea Seller as liquidated damage etIrh shell be Seller's exclusive remedy,If Sailer does not perk=Soper%.brightens hereunder(except as excused by the Buyer's defintt)Buya may cactus Gals contract by a rah for specific taformanee, damages or may elect to terminate this reeked end receive a refend of the depoelt(e), IC LITIGATION COSTS AND ATTORNEY'S FEES:In comreedm wttb any lopt rebee dies neoanus cele;the peveJtlog pod aha0 be entitled to mecum termor Wer eoanoey'e bee oral ouster, IT.RADON OAS DISCLOSURE I ENEROY EFFICIENCY RATING:Florida law requha the PoIbwto &done= Rubs Is a oufurully ocstaring radioactive gas that when It Int amseebsed lo a building)n aefSdaat quantifier,mry pmerrt health tisk'w persons rho ere exposed to It over time.Leven of ration that acted fader.]mad state gridelire have been Tadd in buildings to Florida.Additional lnftem amine regarding radon and radon testing mey be*lathed from your county public health volt. Boyd may haw the bollmns'a emu affilebteey rating detennieed. It MISCELLANEOU&The parties bare agreed to deal In rod faith and to dil igontly work towed a tlaaly closing.The ringlike Rose!bill exclude the pitrel tease.Thur medial nay only be modified in venting by the parties. Notification to a party may be made m he pear's ataory or by ttua Parry's attorney, 1f.PERIOD OF OFFER AND EFFE TIVEDATE:Thisoffaanstyconteofferirevokedifnetaseptedand notice of acceptance delivered to offeror or the counter offerer by AM/m 199d. This time limit stall apply to all offera rod camtaraffers unless otters a.mad.The Medea Deter of lilt Comet shall bathe Ian dace eihtt the Buyer or Seller Ape or initiate this and na Initialed thanes mud bo deed Of the latest date set forth to this canCd sterid be deaaed to be the Man Date.A fraL'nile shell be domed w be en unshed MO and eaoeptanet by(Scalene h bbsSog. 20,REPRESENTATIONS AND WARRANTIES:All repcsentadons and warrantee,If any,tens be wriam tote this Seta Content otherwise,there are sem.Buyers deckle*to buy rya based upon Buyer's own inveatigedon of the Property.Each party(Sella or Buyer)Is,ed will Tomaht,responsible for that pony's performance of the obligations of the Sake Connect. 21.OTHER.TERMS AND COMMONS: a.Netter this Contract nor any natio of It shalt be tocorded In any public records.Tbh earnest atoll bled end torero to the benafk of the panics end their anrroearon it intone. b,FCWC spec:b pay lo Oolds Gala Be ern of Thirty Fee Tbmeeed Dare(1.4,000.00)and a intpmAfcesate 3 teee tiraaeene sasJlaM¢a 9B keredam golfcarat property Lycra no proportiocateshareofpropertytmmashallbepay11eto{bidesOct;its &teamaa loam so keg esFCWC told oeacies tic=arc d,no"Proportionate acre&axes FCV/C tyro to pay-hall boa pro-rated Phut of the gaff coarse propcty lax which ro6e03 the total eacago etc ttlifity t>or-12:ed 0.55 ears)divided by the teal acreage of tie golf coarse(approx.167.44 acres)toultiptici by the amocca ofp.ycaty tetra ea the DWI:ame iso gvea yea"-supported by a copy oftbe epplieablo lex bill.&aid loan/bell be exdative of toy added'Moo tad may be rtar.,cl for fature itoproecoaez to the total a xecse by Geer*0*.to maybe ir,abmivo rimy Sacs actectaata fa texavaraacrta by pCVyC a fEte prepactlenfr maabsalrn in me Pacaaetb n 1•210:131:moo has.1.1946 21 altO*L SIGNING,TRl td'Biaj RAW IILV EWYD nut ADDMONt1,MAU AND coNDI17OHs NOM6ERED 1.22 ON?AGES ONE,Tao,WELD AND VOIIL 01 MID Q N12Acf. a•n a i,qr 7112 COMPANY ll I. d9.1094114 A1rmt23.I99 BUY . By; ;� .a..4 Txx LD.I am 19IItTNAb /fiend derma V-Pscsdew,E.ogiacaisik h pperarima 1. a�tit 71 t4.. /"":�L�T/• e TaLD.1 DUY>a •Iar�J:am"t��-,y •>_ Daley-- c514-a 17374 4,3/46 Ta LD.I Dsa MX pp aLT VA% ria ra ,. PCT--8'1721j 9/3`4L 11Z(a't4-tk at-c.--ca•C,L,•Q Tao n� PRINT NAME Plain" VALr.Aht (S z)Maya)Weir,aNaa x t!r near or acaattad r. AohaatalareatiRn.lE caBrekzeLTheSdkraeixaMedgnma! bore Haag red exam bratae.The Thayer►iaoala.Egs that _i,tie drag card ellA broker. Flank+tdl5eiraatLr°itoa'Sedpiby( 1ausfare[]clack thii 1994lobe had ascam pea tem act caa ka"Pet Qum:tide Moet. Br (haat Name dtaaow Agate) dadyaathaixed coca. aa`'saa°raa npnia14444. 9B I. taii A 1 , lig 111 k IR tri')?r r FrI! 1 1e pg r4t r r s. t fP Q x 9 r" F / 4. " ii �! jrI i & u r e I: 64 R #g1 y it r-- t_ Pp4 a 1 : i 01 !ill . i k i i!! I:4 )i kva I iii, y IL_ m 0 Pg 1 1 b _ "rx221..T_6.2_ut,____,___.,,,4/-13',1"" ev) Lle ----------L__291wrY&cup itp_s OP , K l ---- (z_—_-:1, - ---:7-17:7_ Ida 4 1 t 4 98 use, 2098713 OR; 2228 PG; 1331 IDrtet Ct air eine CC IaCCIDJD to al DrrtCi4,locum el Mr-L111MOMt: I1C DI .1.0 its 11..n MU Milt -C' :!117N It tin..14.Yia:t.ICU.CAIS 7:@1i} a.er Sllate;l I.JI_.: eh: :7J EXCLUSIVE WELL,WELL PUMP AND WATER PIPELINE EASEMENT GRANT TIl,S INDENTURE,nude end entered Into this Ell. "r L day ufJniy, 1996,between Robes Vodaam and Mario Vodw,o,dba Golden Gare arm&Country Club of 4100 Golden Gate Parkway. -, Niples,Florida.33999,individually aro Trustee,hereinafter referred to ea Granton,and FLORIDA CITIES WATER COMPANY,4637 Swirl Road,Ste 100,Sarasota,Florida,34231,a Florida Corporation,hereinafter referred to a Grantee W'ITNESSETI,: vi I Fur and In consideration of the turn of One Dollar and other good and valuable , consideration,receipt of which is hereby acknow{alged,Grantor doer hereby grard to the Grantee and its successors,fur its exclusive use,subject to the Grantors rights to use the golf course under the condiliani act forth harem,anexplq 2El16TO 6e pennanem easement tinseled in Collier tom— __'"'y•` a County sed heated and dcscritSeQAi shown on the atter lirdIfafor lege,survey marked Exhibit•A' and ie follows / I - `� � ' 1 t:as „ � l r!.CC.._ r `�T uAeaN a. , z QOT t'" UE WATER LI�EASEMENT ,,,....,\ `ir 1 % A 20.00 foot Wlde Arita oft erred in Iriel"At diRisj��Cate,Unit 1 part 2,'remedies to the pial thereof reeosdrei i III} k 9 at pages IUTc}hn logh 112 and tract"A"4:Cotdest Gale,anti t,acenrdlog to the p t?ne � of book S at Faget 60 through 64 a0 of the pcbilc records of Caller Cou yang 10,00 feet either aide of the following described renlerllnet Comore et the rnuskaea[comer of trod'A'of Golden Gate,unit I,according to the plat thereof recorded In plat book S 41 pages 60 through 61 of the public records or Collier County,Florida; Thence nun N 00'0011'S,along the easterly tine of uid tract A.tial ante being the westerly right. °Cony tem of county road 951,(Sloe Road No 1511 Per Plot),tot I disimue of 89.26 feet,Thence rum N 1999049'W fora distance 01'47,09 feet to the POINT OF-BEGINNING ofthe following dowaod cznia int,Thceee run S 00.00'I I'W,parallel with the westerly righi.of way tine of said County Road 951,kr a dim rex of90/29 feet, Thence run N 11'45'SD"W fora distance of 545 15 neer. Thence run N 79'12'03'W for a diAurce of 950.46 feet, Thence run S 63"29•15'W for a distance of 562 77 feet, Thence nun N 77'37'31'W for I distance of 107.96 feel, Thence run N 00.09'03'E fora distaea of 197.40 feet, Thence run N23'43'431'E(ore trounce of 102.09 feet to the end alba herein described centerline, containing 155 acres,more or lest. 2 Grandee and its successors are grunted the t igttt,privilege,and authority to construct, replace,renew and maintain we1,(s),well puerrps(at and wales line(s)together with accessary 96 odrnaions,valves,and cabs appunerancet,to be fucated on,under,across and through the Above described property with the additional right,privilege and authority to remove.replace and repair said futilities and to trim and remove roots,shrubs,bushes and plants which effect the opennian of said wafer line or facilities Said facilities arc to be located under ground if they are on the fairway and, with the exception of the wvQpad(i)and power source,in the rough area immediately adjacent to the fairway so as not to unreasonably interfere with the use of the property at a golf course. Uuring construction,maintenance and repair, Grantor may continue to use the property as a gulf cause I'olluwing construction,maintenance or tepu t.the fairway and the rough arta bnmedatt.ly adjacent to the fnirwsy,aside from the area occupied by dm welipad(s)and power source,shall be restored 10 113 original condition by the Grantee,to the utisfaction of the Grantor, within a reasonable period of time so as not to Impede golf course usage If restoration is unrrasorubly delayed beyond)0 days after contpictiun of said conrtrvction,maintenance at repair, Grantor nay complete the re torp,t. l Y.s wnent rights for the cosi thereof Interim inspection of the water had oliscilities within the easeiricnt hhatl be accomplished with vchicka s. e Killable for golf course uSagv \ e c 4 This 20 lopotttid�e r n:r�v}I r�ur r ell dko shy one(1)diameter tile,type or Facility The area of th}S�fool wide casemeni,ttc restrict hd reserved for the well(s),well i ptuttp(a)andror water linc(e)S(ot4c+er,protuberances a tel 10 permanently extend above grosmd r \?J; ____-•/.`ti/ so as to Interfere with golf play inthg{isitierog oftelie5X.Aeinent that traverses the fairway Houses, boas,buildasgs,polio,carports,garage,warehouser,and other similar type structures may not be built on this easement orders and until this asemem in modified,at the request of Grantor.If such madlica1Inn is requested,Grantor staff provide Granter with a satisfactory all emuive aoemeat route And a reasonable period of time In which to reroute water emir) The cost of rerouting lite water lire(•)shall be borne by the Grantee. S. This tasenxnt slab terminate and ail rights of Granite And its successors shall revert to Grantor and its successors in the event Grantee shall it any time abandon this easement 6. Taos easement dull terminate arid all rights of Grantee and ha successors shall revert to Grantor orad its nucauors in the event Grantee does not install any well(,),well pump(,)and/or won fines,in the eesernent within live(S)years from the date alas instrument Should the five(S) year time frame expire,a new casement may be negotiated uwur+tawy 9B OR; 2228 PG; 1333 6 rtk to the Utilities constructed hereuedcr sha1I remain in the name of the Grantee and iu successors 7 Granlura covenant to and with Grantee that subject to existing enemata.if any for public highways or roads, railroads, laterals,ditcher. pipelines and electrical transmission or d'mrfiaalon tines and telephone and telegraph times covering the land herein described,Gradora ars lawfully seized and possessed of mid lands,having good and lawM right and power to sell and Warty dieu,and that they ate free and clear of ail Berta erni encumbrances,except for taxes for the current year and Fust(1`)Mortgage in favor of National Canada Finance Corporation,hre II This Agreement may not be assigned by the Grantee WITNESSES GRANTOR OR G• TORS � 1,\G..•m' t. (1 wi \n .r. 0 f' . /a st+iO r• :,., .�t —` •rsnn Name of 0 cr or Truces j/V11) L a or Tru• sign here !Jr,arf/ �y /�, ` \t +.•\h(^`�O t7CIc.c4NU ( 1� �' S T4int`�lame orOwner or Trude* [tttrf ( '' rr J.r tt,•\ � t Lr or Trustee sign here,\ C. STATE OF FLOJUDA \\�j\ COUNTY OF rr r r Tf•/ (' 1/C r The foregoing instrument was acknowledged before me thin . (date)by (name of puson acknowledging).who is personally knownNe roe or who has produced (type of idcrrtilfaiion)as identification and who did(did not)Wee an oath ', /•• •/ r. Notary Public Stale ofFiwida u Large (NOTARY'S SEAL) 717.75.T.-SU3 •. w+♦M1 111:.V:r.�Y 1 x4.1141/1044606, 9B Q.GRADY MINOR&ASSOCIATES,P.A. Civil Engineer■Lind Surveyors• Planners ++t 5 T)Y MCJUK,P E ,\LtN V ROSEMAN It' MIN011,P E ROBERT W TIIINNES,A.I.CP t' 1)E.W(MITI I,P E ERIC V SANDOVAL.P LS FLORID& CITIES WATER COIWWAR? LEGAL DESCRIPTION OF A 20 FOOT WIDE WATER LINE EASEIEWT A 20.00 FOOT WIDE STRIP OF LAND LOCATED IN TRACT 'A' OF GOLDEN GATE, UNIT 8 PART 2, ACCORDING TO THE PIAT THEREOF RECORDED IN PLAT BOOK 9 AT PAGES 107A THROUGH 112 AND TRACT 'A' OF GOLDEN GATE, UNIT 1, ACCORDING TO THE PLAT THEREOF RECORDED IN PLAT BOOK 5 AT PAGES 60 THROUGH 64 ALL OF THE PUBLIC RECORDS OF COLLIER COUNTY, FLORIDA, LYING 10.00 FEET EITHER SIDE OF THE FOLLOWING DESCRIBED CENTERLINE: COMIKENCE AT THE SOUTHEAST CORNER OF TRACT 'A' OF GOLDEN GATE, UNIT 1 ACCORDING TO THE PLAT THEREOF RECORDED IN PLAT BOOK 5 AT PAGES 60 THROUGH 64 OF THE PUBLIC RECO•• ec OLLIER COUNTY, FLORIDA; THENCE RON N 00°00'11• E, ALONG 1' ti; THE oP SAID TRACT 'A', THE SAME BEING THE WESTER -' -• - _ 'x E OF COUNTY ROAD 951, (STATE ROAD NO. 858 PE:06,' FOR A 0 ' E OF 89.26 FEET; THENCE RUN N 89°59'49• W F•' DISTANCE OF 47,.9FEET TO THE POINT OF @lgIPJIN0 OF THE FO 0 ENT-'LINE; THENCE RUN S 00'00'11' W, PARA LE WI H . Y RicH'I•-OF-NAY LINE OF SAID COUNTY ROAD 951, F•R .110/107141117e ET:; THENCE RUN H 81'45 501O c•v 45'.15 FEET; THENCE RUN N 79°12 05I • 0,5.I1.48 FEET; THENCE RUN S 65'29' O' -v ,5 -x'.77 FEET; THENCE RUN N 77•37—;0, , W FOR A DIST•q't •F, ,107,96 FEET; THENCE RUN N 00.09' • FOR A DIST•s 0'2;97.40 FEET; Po THENCE RUN N 23'43'4 r.1E 'OR A DISTANC -1,,102.09 FEET TO THE END OF THE HEREIN DESCRIBES g-•ERLINE, CO. 'NG 1.55 ACRES, MORE OR ^' N{ LESS. TIIF C3K� 00 SUBJECT TO EASEMENTS, RESERVATI•' OR RESTRICTIONS OF RECORD. BEARINGS REFER TO THE EASTERLY LINE OF TRACT 'A' GOLDEN GATE UNIT 1 AS RECORDED IN PLAT BOOK 5 AT PAGES 60 THROUGH 64, COLLIER COUNTY, FLORIDA, AS BEING S 00°00'11' W. -p• Q. GRADY MINOR i ASSOCIATES, P.A. SIGNED 7/7�/933� BY /l.K l/• 5:141941/W , PLS 15223 ERIC V. SANDOVAL STATE OF FLORIDA r: C CvCYC.t 17(111014 IS.U3 1.813)947-1144 • FAX(813)947.11375 3800 Via Del Ray • Bonita Springs,Ronda 33923 98 F 1 is qii 1 { .) \\%, !. • i. - \ e; ip 11.f f Ir A- $1 ^. _ l / 11..„--*----... ( `e . it!y i A'/ �/ -Er n ( Yl a i it rIC r •3j$ j7) , r ,1 +I 1 ( gl : \-<::,A.Itp. .,-15::1/4:-/ ik i ,; oma..._. .. t ! M . w �j.Y 5 {.ip1 .ra.o..ow— 1, t 11141 I g� 1 1 _• 98 2463896 OR: 2536 PG: 0900 IMMO li ofHHCIIL WWI of Coilill MIR, R 04/11/1111 at 11;l911 WPM I. 11011, tlpi fIt IQ f.11 ooX•.T" .9 uu: en:pro try aha ream M: mom twi16 If u Laois is L MAK tom. 1 I uCi 1si1I Owls/rrTr*nia,P.A. CIA fill 1113 R 11411 711 South Ttarior Drive,Saks 3a0 lam Wen Palm Bent,Florida 33401 SPECIAL WARRANTY DEED (Collier County) THIS SPECIAL WARRA?fIY DEED made and executed thisj�+r day of April, 1949 by FLORIDA CITIES WATER COMPANY,a Florida cotporatiou formerly known as GAC Utilities,Inc.of Florida,whites address is 41137 Swift Road,Suite 100,Sanwla,Florida 34321, < ' hereinafter called the grantor,to the F . r• ' 1 • Utility Authority, a legal entity and public body crested by interlocal a:•. � •- ,• 163.01(7),Florida Statutes(the "GUN'),whose address is 315 - 5 n Street, Suite pllahassee,Florida. hereinafter called the grantee; /11111111111111.1111 • wf[MLS•SETH: •,.• 110 tion of the aunt of 510.00 and other valuable metal••• •� lodged, by these pressrun do rant,balpin.tell,alien, ` Ilif$L„•7- • dim the grantee,all that certain land situated in Collier • . • • xi .'.r.• . , fly described on Exhibit A attached hereto and.• • .. 'n. ,:,: TOGETKER with all • N•-40-A„..••• heaalita"'a"""'Y e$puttenances thereto belonging or in bid, ,* cr and wastewater facilities of every kind and wither r.10 •.r.'f� appurtenant eaaaneet rights for the operation,h itdlahee and maintenance of said facilities. TO HAVE AND TO HOLD,the same in fee riunple fatever- AND the grantor,for itself and its successions,hereby covenants with said grantee and the grantee's summon and taigas that grantor is'aerially seized of said land in fee simple, that grantor has good,right and lawful authority to sell and convey said /tend;that grantor hereby w:rairds the title to mid land and will defend the same against the 1awAt1 claims of all persons claiming by,through or under the grantor,but against tone otters;and that raid land is five of all emambrascaa except as sat forth in Exinstt B attached hereto and incorporated herein. .,.0n.ouaom1.+.rw•tCAMNIM we was,. 96 OR: 2536 PG: 0901 IN WITNESS WHEREOF the grantor'hart caumod this Special Warranty Deed in favor of the QUA to bo executed in ha name,and Its corporate seal to be hereunto affixed,by its proper offrears hereunto duly urtkorixed,the day and year fuel above written. FLORIDA CITIES WATER COMPANY, a Florida corporation FCA1. Gd,•, STATE OF FLORIDA COUNTY OF /-17 err/SNat FRO \ tec E asttratYy T a,;r cnt rru ackno` .• . .• ore m ••• ht. day of April, 1999,by -im. ea ?rest Florida Ars • eta Company, a !r:- corporation, on behalf of said corporation. - err"_ . 34;:e"-111, ' ,Ilio yr' 0.e pa .mr,t�a.c 1. arida- • (Pfi' • tamp Commissioned Name l • e . • �7 -. • ratification Type of Idatlificariort • 5.111-.. IR ' 4.l 98 OR: 2536 PG: 0902 APR. 1.1449 31LAWAOR5 7L h0.928 P.19 FAN//5/1" 1 . T i i 1 T Z T L i Z ■ OURLICI C 0 s P O l A T Z o i ILTZCJAL sianQtl. 1YMA ' i Z C!X 0 i D, VIRQZITA lokadsle 'L' Leads TAMIL ii Tract 1, OZ►LitZI Oar zRTAf=9, tMIT 24, a Subdivision. according to the Map of Plat tbarnof an filo cad reoosded is the Office of that clerk of the circuit Court, recorded in Plat soot 7, tapes 11 and ii, Public Seoaads of Collier� county, l describedct 41 Quit aANA ir that Datd parcel of land convoyed to Death florid* Managnt racordsd in Official Saeasd. seek 1404, o44e SOO. Folie So. 3Tf10040003 ICK C'O0 �.� rc�. Tf, look 215, Vat 7, OOLDi0 ant, a all. of illoaiu 165, 157 and lgc4 t• r571- .- :+' o 8ubdiviaiaa, aoaerding to t,7p- ,• or •- ••• file cad recorded in that Office of the Clerk o1 chat Circuit coixt, 'Qt 135, in that Public Words of cantor County, rlosi6a.II r �� Folio $0. 34410440004 PAs, SS \'-P - 0' !►pareal of lead in Collier Cava ,). r coxa . .� iso?y described as follows •Ped being • part of the Flat of Trost -f ��j��'` �ci. Jr., PLT 1, as r*eordad in Flat sock 0, Pepe 111, of the Public Ttevo_•.. .,i t#!} =aunty. Florida, wore pastiealarlY deecrihad sal follows, ` ccoogenTtno It the iaacthv.sa uesaer of met hu tb+aae ruom1se aoutb a *intones of 543.27 Gest along the nest bosmdary of said Tract A) thence sunning Out 334,31 fast to • point, said point being also dame:abtd as that POmT 01 ii0Dt9f110t theses tun Worth If' sat' 21' Rost, a diaNaea of 133.11 fest to a pointy thamee run Worth 0' co' 03' last a distaaos of 10.04 fast to a point; theses rue Worth 33' 43' t3' last •distance of 104.15 fact to it point) theme Vin;forth 41. 07' 42• wast I distance of 121,53 fast to a point) thaws* crus South 11' 44' i1' spot a distance of 114.00 test to • Point/ th•nee row south s0' 01' 41• Wort • distshoe of 14.50 telt to ■point) thaws sties beth 11. 04' Of' West a distance of 113.14 feet to •pointi thence run (both 3' 45' 30' Pelt a diatasos of 151.f1 feat to the Mme!OR P33I . polio $0. 5e11f11000f . 1 9B OR: 2536 , 0903 FPR. 1.143i 719,44 LANctli 71. ND.889 P.13 t a ■ r l it ■ ! XTLP S ■ I II D a II C a a 0 a ! 0 R ► t Tom r kTX01Mi.L IN* DOala! ata aZOiro.DI TIROZII & Thy tooth if foot of than hoot it foot -L t-3-r-�lor3c 33. OMIT 3, MUSS Gan 1�IIIVS$ C . 'a iaoatdi°a0 to tba or !Lt th.pt' d in is in O! thfioo of t)u Cle'r aE Om Clrcult tou t, rocordod In 9 ,khxtl 77, in WI PUhll0 ioear3O o! r. Thy Colliar CainstY, florl8a. �', e Polio Ilio. $i771DODDOD --------\....______,,,--- \ `� 1 I PI 42, wK / ti l'/IE CIBC. 1 9B OR; 2536 PG; 0904 • 0%H'O,r II - COtl-I Eli (Dvvrift = • AT TO ars, 9PaNOSsi (5\'' tC` g 004 J A Ordinances to. 71-10. 75-1 - ecarded in o icial Records Doak 119, page 1177, Official Records 6 9, - 11- =Lica 1 Oncords Book 919, Pee. 1191. Subject property lies vi•• • 1. 11P"th 14,ex?County Nater Management District Mo. 1 end the ••V strlt!t and ie subject to 'Ay 1'. seta end/as MIMES t• L. • ,D 71O aicss. la 1J44 YRC\) Zeetsictiw ODreawt■ recurdsd in Of • orris Zook 97, Paye 497 and amended in official Maosda Zook 106, Pape 73, which restrietiom were purportedly released per imtsu amt recorded in Official Records look 1171, Pepe 1911. 9B OR: 2536 PG: 0905 LIYIRI TITLI INSORANCR CORPORATION z a I 1 O If l), z E I D g 13 a ■ TIRO IZCZ)IOKD, VIRGINIA Restrictive Covenants recorded in Official RecordI look 251, Page 190. Right-of-Nay raiment recorded in Official Records Book 244, Page 940, which armament was purportedly released per instrument• recorded in Official Records book 101), Page 321 and Official Records look 1002, Pegs 326. Natters as (shown on the Plat of OOLIIIII ORIS R6TA.Tb8, =IT 26, recordee 1n Plat pock 7, Pages 15 and 16. K2 $1 !O PIKSL 2+ ‘,��it (i4(5U� Natters as shown on the Pl� OOLDfa ars, I..)'+, recorded in Plat Donk 3. Pages 1)5 thru 146. ,, Covenantal, leetricti••• , t her imit ions in instrument recorded in Official Ards gook 56 ''� " .a•• T n Official Recerda Book 160, Pape 002, Official Re-• � T r i 1 {records Rook 102, Page 762, Official Records D o I•P �..$ . • :. al •r�book 1257, Rays 1116, Official Records ial- •-rdb itoOk 1102, Page 630, Official Records Book 1150, P • ' �5 and Official " o • itooii"1462, Page 2222. . adverse • • ficlaimn by the Stats of Florida to those portione of tits • -; described i• - • •-ule k herein that co price eassssisaty lands (incl. •'a-• -.. aubmarged, filled, and artificially exposed lambs) • ll) FAL •• been previously conveyed or tremafereed by the state, ea (2) are •.v y excluded from prior state conveyances of at(ezr types of lands. S ubject to any and all residual royalty rights of Coastal Petroleum company, or its •gins, s.tulting Cram any egresmante with the Tnutees of the Internal Improvement 'Mat rued of Florida, which does not include the right of entry for the purpose of e ploretion, mining, or drilling. amwaysamem, Aaatrietioe1, Easement• and other limitations n Dinai stroinstrument >fr cok rded iPn O fficial Reeorda look 31a, Page 600 and Amendment 1112, Rameammt in favor of Florida Power and Light Company filed aeptamber 2, lost in Official Records Book 1)77, Page 2120. Case Number 6002077 -1 9B OR: 2536 PG: 0906 JL a r t t t ■ T I T E R I ■ B 171 a N C I CORPORAT 501 R a T I O R a i. l a a n gtr a t T R 1 a R ICRI1OND, • IR4I ■ Za I Resolution creating the Oolden pat* Mater/B*wr NST District, filed April 12, 1976 in Official Raeford& Book 1146, Page 1131. tapoivtion establishing the Isseokalee Area Planning District end the Coastal Area Planning District, ate., filed May 6, 1976 in Official Records nook 641, Page 1211. AM TO PAWS, 1, 7 77 T 6, PART 2, recorded in Plat book 9, Mitts= as shoves on iha P1st�QYd�� Pages 1070. arm 112. 70\„2"..------- . .61 Cavmants, Raetricticanta and other li tatl� in inetrocont recorded in ,Official Records booka:.-_ S7 - , ,N...ed i Ofticiol Records look 499, Page 170 and Official Roco 979, 151201 Iapmsut to GAC PYope 1 , Inc:,(r� 141,... 1 •,1974 in Official Records kook a i• ' tar-..-ncv,racorded April 2, 1974 in lib, Page 1S, togoi6a _ Official Records bot fins get - • �', Pi yi�eed hpzeaaant with,0 ida Cablevisicicv dtaaiat Corporation recordsd April x11 17, 1004 in Official Rec Ardir k 1077, Page 94y.:,-- // arbores in inat^o�nr r.cvraed in CovenantOfficial&becordaibook 314, Peg f3 0ts in Official Records Book 160, Page 003, Official Records look 163, ge 80, Official Records Book 102, Page 762, Official R1corda Book P70, Page 1512, Official Records Rook 1057, Page 1116. official 2..cnrds lock 1071, Page 901, Official Records Bonk 1101, Page 130, Official Bsoorda book 1166, Page 2106 and Official Records Book 1462, nags 2223. , breclatios creating the Golden Gate vatar/Rever MOT District, filed April 12, 1976 in Official Records Book 646, Page 163i. tpo1uti a sstablishing the Zemokalae Area Planning District and the Coastal Area Plssmiag District. etc., tiled May 6, 1076 in Official Racorda book 647. Tags 112P. PARC>sL a 1 Cele fiber PR02077 -1 9B tit OR: 2536 PG: 0907 III at. Line 'Pafrit Li18OM Tl WOW P.2/1 L a ■ I B s l VEPLR s w l v l a it a . c o s ► o s a r sow . aatZOrSL OPalouasllat asallala, YialZIia MUMS as atom an tae Play of 0OLOPO OM lir!T 1, acoaramd in Plat look I, Pages la Lbws 77. ri OPAMMOta, Wcsietiam, lassecces red other limitations in !mermen acceadad La Official lar+asda loll if1, Paga 114 ace limefeaasu in Official accords Peak lie, Palm POI, official awards Peak ill, papa le, Official Raooatda cook 111, Page Hi. Official lneonia Peak 171. Page tilt, Official Reeaid1 look 1097, Pape 1111, *Innis/laowda look 1072, Vele pea, official mewls Beet lin, gaga 'PO, official. laaode Poch 111P. P .1111 sod_ RC� leak Ufa, Pole 1111. odea nell asaaelag ala sa L ��' rf aiattiat, filed April 12, 1171 ias o!`1LOdal masa* ipso. ,L`\ / \---J \ • , (C(1 1 _Y_,../1 J,__L )1—) t ,,z, ',:t.3, '',`,1, , ,--Di /,, -,---,.... N,,,c ) ..o/ ,,--) .L, ,,,.., T'JE c1yfsR`- _______ . aeaa OW= 1111177 -1 1 9B INSTR 4361377 OR 4508 PG 1308 RECORDED 1111612pOg 257 PM PAGES 10 Return to: DWIGHT E.BROCK Florida Governmental Utility Authority COLLIER COUNTY CLERK OF THE CIRCUIT COURT 280 Wekiva Springs Road,Suite 2000 DOC@ 7054 70 REC See 50 Longwood,FL 32779 CONS s10.00 UTILITY EASEMENT I� HIS ;ASEMENT, granted this (U day of oerrIt'1Cr acr1ci b „/"V-At. (ot!rikr ,J ( roV'e.S e n'tt-i Ct/e-of the County o C vi1 C( in the State of Finr,rjr , (hereinafter referred to a: 'Grantor'), to the FLORIDA GOVERNMENTAL UTILITY AUTHORITY, a legal entity and publ4 body created by interlocal agreement pursuant to section 163.01(7), Florida Statutes,wiu headquarters in Seminole County,Florida(hereinafter referred to as'Grantee') WITNESSETH: That the Grantor,for and in consideration of the sum of Ten Dollars($10.O0)and other goo( and valuable consideration, to the Grantor in hand paid by the Grantee, the receipt ant sufficiency whereof Is hereby acknowledged,hereby conveys,grants,bargains and sells unt( the Grantee,its successors end assigns,a perpetual,non-exclusive,unobstructed easement free and dear of all encumbrances,and privilege to enter upon and to install,operate ant maintain utility facilities, on the following described lands being located k f..011rcr- County,Florida,to wit See Exhibit'A'attached hereto and Incorporated by reference herein. TO HAVE AND TO HOLD the same unto the Grantee and its assigns,together with thi right to enter upon said land, excavate,and take materials for the purpose of constructing operating,and maintaining utility facilities thereon. Grantor hereby warrants to the Grantee that it is lawfully seized and In possession of the ret properly herein described and that It has good and lawful right to grant the aforesair easement. Grantor and Grantee arc used for singular or plural,as the context requires. § 9 8 L _ �0 k § ) § a) E ii V ;« 2• 4.1 §\ II . ® ° © @ k \ itri # f \\§ En •Fo F £ � 5 Nupe ƒ E E !\)I g ° � R \ � ■ ( A $ �k#£ i k C 7 k ` . k 1 5 _ N .� . $ k ) f 8% §) \\�, \ / E i 2 ' a} § 11 , 1 �1 ' ® -/ K ca\ E E § °\ / � ° R � Ufa C kk ) { § $k • �,k \ 96 Exhibit"A' Provide Legal Description and small scale graphic depictior av tyFiwNfaw ov. t• •arn• otora ram 3/1403do4 98 LOT 20 TRACT S 113.3091 ORA PD NRTN XTC00F32 /co UI. £ /Of TRACT A LOT 19 i J. A ti SQUESI l caI4h1 NCING AT THE NOFTNWt T CORNER LINE TADLE I It TRACT A.THENCE RUN SOUTN AI.ONOimam •pTl p-,'T'T•' • a 100 TNC W T UNE OF SAID TRACT A.A _fr�'T•Ti•!-_err g tl4TANCE OF 649.27 FtE1:TNONCE RON i�� -�_�;i N LOT IS EAIT A DUN NOE OF 33610 ISTA �T;ft10�`;�•i'v mm k..N THD RVH To PIC'3O I A DISTANCE OF �� Y 721.71 fECT TO THE POINT or 6CCSIANINO. rior[♦!i1"-=iy�;74 Sia T1ID I CaNTINVC HOT47 OIfE A i= �-Si=111t�.—.l:J� �.f` DISTANCE OF taDIS PNET;TNFI7DE �F�i?'!•� yii li•14 o WO.4 1'2T'w A DISTANCE OF ..93 r T �•��'^-��=5;:3'� 4 THENCE 157.26 O7'6 A OISANCE OF 39.83 �lr EER:TICE 507.14'7 t'[ A DISTANCt LS LOT 17 F 66066040 F CONTAINING ELT TO TRE.9ANO6 OSG.rt• `o.G1 I Acnes) 5 S M LOT 16 S TRACTpA °�0.((LP.TTI n. ru mt•NDE Id LOT 15 "' 1 LOT 14 ____ A PORTION OF TRACT A — COMIC A te^ �. _ ti 11 .m,0 T Moe 1 MX 1.11 LOT 13 —_____ 3 L7\No Lla LOT 12 r) L2 NOT VMD*nog TN[QWAElQ AND Tf2ROOFRi I.FtANARY,P.S_Y. CWCINAI.RINSED.Apr Cr A R.U®R UGD� Ruh•n•Af1•9A4•MI.•R►5677 3YMlT)T An KATF6. LE: FlanBry Surveying and Mapping,Inc. DESCRIPTION SKETCH UTILITY EASE).1 ENT 404 sm AVENUE%WM PALMETT°,PLOT ID/34721 P14.(941)915465S FAX(941)T12-1,10914 NA.MT/ REIASION DATE: REASON: .108 NVHITER SECT77N TOWNNSHIPRAHOE SCALE: WE mew RI: FILE NR11£: SHEET oe-oht 27 40 RaI N l 2.8 EAST T'-100 0/40/ � f.Nf. 4 , Tos-o66t.S1? D4Yo T orT 96 Exhibit B 9B UTILITY SYSTEM TRANSITION AGREEMENT BY AND BETWEEN THE COLLIER COUNTY BOARD OF COUNTY COMMISSIONERS,AS THE GOVERNING BOARD OF COLLIER COUNTY, FLORIDA, AND EX-OFFICIO AS THE GOVERNING BOARD OF THE COLLIER COUNTY WATER-SEWER DISTRICT AND THE FLORIDA GOVERNMENTAL UTILITY AUTHORITY Date: November 14, 2017 TABLE OF CONTENTS 9 ARTICLE I DEFINITIONS AND CONSTRUCTION U SECTION 1.01. DEFINITIONS SECTION 1.02 CONSTRUCTION AND INTERPRETATION SECTION 1.03 SECTION HEADINGS ARTICLE II REPRESENTATIONS SECTION 2.01 REPRESENTATIONS OF THE FGUA SECTION 2.02 REPRESENTATIONS OF THE CCWSD ARTICLE III CONVEYANCE OF THE GOLDEN GATE SYSTEM SECTION 3.01 AGREEMENT TO ACQUIRE SECTION 3.02 TRANSFER, ASSIGNMENT AND ASSUMPTION SECTION 3.03 ACCOUNTS RECEIVABLE; CUSTOMER DEPOSITS SECTION 3.04 STATUS OF TITLE SECTION 3.05 TRANSFER DATE SECTION 3.06 BOND PROCEEDS AND FGUA FUNDS SECTION 3.07 OUTSTANDING REGULATORY COMPLIANCE ISSUES SECTION 3.08 TRANSFER OF PERMITS SECTION 3.09 RISK OF LOSS SECTION 3.10 FGUA DISCLOSURE OF OBLIGATIONS SECTION 3.11 FURTHER ASSURANCES SECTION 3.12 DUE DILIGENCE ACCESS RIGHTS ARTICLE IV TRANSITION PROJECTS SECTION 4.01 FGUA TRANSITION PROJECTS SECTION 4.02 CCWSD TRANSITION PROJECTS SECTION 4.03 ASSUMPTION OF WORK IN PROCESS ARTICLE V GENERAL PROVISIONS SECTION 5.01 INTERLOCAL AGREEMENT PROVISIONS SECTION 5,02 TERM OF AGREEMENT SECTION 5.03 DISPUTE RESOLUTION p SECTION 5.04 AMENDMENTS AND WAIVERS 9 B SECTION 5.05 NOTICES SECTION 5.06 SEVERABILITY SECTION 5.07 EXECUTION IN COUNTERPARTS SECTION 5.08 APPLICABLE LAW AND VENUE SECTION 5.09 THIRD PARTIES SECTION 5.10 ENTIRE AGREEMENT APPENDIX "A"- CCWSD TRANSITION PROJECTS APPENDIX "B"- FGUA TRANSITION PROJECTS APPENDIX"C"- REAL PROPERTY,EASEMENTS AND INTANGIBLE RIGHTS APPENDIX "D" - WARRANTIES FOR CONSTRUCTION IN PROCESS APPENDIX"E"- PERMITS APPENDIX"F"- INVENTORY OF EQUIPMENT APPENDIX "G"- ESTIMATED INVENTORY LEVELS-PARTS, CHEMICALS, AND RESIDUALS APPENDIX"H"- OPERATING AND VENDOR CONTRACTS APPENDIX 1"- AGREEMENTS ENCUMBERING THE SYSTEM APPENDIX"J"- INSURANCE POLICIES APPENDIX"K"- REAL PROPERTY CLAIMS OR DISPUTES APPENDIX "L"- REGULATORY COMPLIANCE 9 UTILITY SYSTEM TRANSITION AGREEMENT This Utility System Transition Agreement is made and entered into this day of , 2017, by and between the Collier County Board of County Commissioners, as the governing board of Collier County, Florida, and ex-officio as the governing board of the Collier County Water-Sewer District, a political subdivision of the State of Florida and a body corporate and politic created by special law, as codified in Chapter 2003-353, Laws of Florida (collectively, "CCWSD"), and the Florida Governmental Utility Authority, a public body and legal entity created by interlocal agreement pursuant to section 163.01(7)(g), Florida Statutes ("FGUA"). WHEREAS, pursuant to section 163.01(7), Florida Statutes, and the First Amended and Restated Interlocal Agreement Relating to Establishment of the Florida Govertunental Utility Authority dated December 1, 2000, as it may be amended ("FGUA Interlocal"). the Board of Directors of the FGUA has all the powers to carry out the purposes of the FGUA Interlocal, including the authority to sell or otherwise dispose of the FGUA's water and wastewater utility facilities and systems; and WHEREAS, the CCWSD and the FGUA entered an interlocal agreement dated as of March 1, 1999 (the "Golden Gate Interlocal Agreement"), pursuant to which the County acting through the CCWSD authorized the FGUA to purchase certain water and wastewater systems serving the Golden Gate community (the "Golden Gate System") from Avatar Holdings, Inc. conditioned upon, among other things, the CCWSD retaining the right to acquire the Golden Gate System from the FGUA at a time of the CCWSD's choosing; and WHEREAS, pursuant to Section 1 of the Golden Gate Interlocal Agreement, the CCWSD has the right to acquire the Golden Gate System, and on June 27, 2017, the County's Board of County Commissioners, acting ex-officio as the governing board of the CCWSD, passed Resolution 2017-123 indicating the CCWSD's desire to make such acquisition and instructing the CCWSD staff to initiate final due diligence and negotiate the terms of this Transition Agreement to complete such acquisition; and WHEREAS, on or about November 14, 2017, said Board of County Commissioners acting ex-officio as the governing board of the CCWSD, by Resolution 2017- , indicated its unequivocal intent to exercise its right to acquire the Golden Gate System and to issue the CCWSD Bonds; and WHEREAS, the FGUA has issued certain revenue bonds and incurred other indebtedness which the Golden Gate Interlocal Agreement and Indenture of Trust provides shall constitute the purchase price to be paid by the CCWSD for the Golden Gate System; and WHEREAS, the CCWSD and the FGUA desire to enter into this Transition Agreement to provide for conveyance of the Golden Gate System from the FGUA to the CCWSD and the disposition of existing FGUA assets and liabilities related to the Golden Gate System; 1 NOW, THEREFORE, for and in consideration of the mutual premises set forth above 9 B and the covenants, obligations, duties and benefits herein set forth, the CCWSD and the FGUA agree as follows: ARTICLE I DEFINITIONS AND CONSTRUCTION SECTION 1.01. DEFINITIONS. As used in this Transition Agreement, the following terms shall have the meanings as defined herein unless the context requires otherwise: "Bond Counsel" means such attorney or firm of attorneys, of nationally recognized standing in matters pertaining to the federal tax exemption of interest on obligations issued by state and political subdivisions, and duly admitted to practice law before the highest court of any state of the United States of America. "CCWSD Bonds" means the debt obligations of the CCWSD to be issued pursuant to the Senior Lien Bond Resolution to finance all or a portion of the costs of acquisition of the Golden Gate System. -CCWSD Transition Projects" means those projects identified by the CCWSD to be funded and completed by the CCWSD, as identified in Appendix "A". "CCWSD's senior lien utility debt" means the CCWSD's Water and Sewer Refunding Revenue Bond, Series 2009, Water and Sewer Refunding Revenue Bond, Series 2013, Water and Sewer Refunding Revenue Bond, Series 2015, and Water and Sewer Refunding Revenue Bonds, Series 2016, all of which are outstanding under the Senior Lien Bond Resolution. "CCWSD Utility Resolution" means such CCWSD resolution or resolutions, collectively, as may be issued by the Board of County Commissioners of Collier County, Florida, acting ex- officio as the governing board of the Collier County Water-Sewer District related to the conveyance of the Golden Gate System from the FGUA to the CCWSD. "Clerk" shall mean the Clerk to the Collier County Board of County Commissioners, and such other person as may be duly authorized to act on his or her behalf. "FGUA" means the Florida Governmental Utility Authority created by the FGUA Interlocal. "FGUA Bonds" means: the FGUA Utility Refunding Revenue Bonds (Golden Gate Utility System), Series 2010; FGUA Utility Refunding Revenue Bonds (Golden Gate Utility System), Series 2012; and the FGUA Utility Refunding Revenue Bonds (Golden Gate System), Series 2015 Bonds; as well as the subordinate debt in the form of the 2006 State Revolving Fund loan and the 2016 SunTrust Bank loan related to the Siemens Energy Project. "FGUA Interlocal"means the First Amended and Restated Interlocal Agreement Relating to Establishment of the Florida Governmental Utility Authority among Citrus County, Nassau County, Polk County and Sarasota County dated December 1, 2000, as amended and supplemented, and any successor instrument thereof. 2 9B "FGUA Transition Projects" means those projects identified by the CCWSD and the FGUA initiated prior to the Transfer Date and to be completed by the FGUA as identified in Appendix "B". "Golden Gate System" means the FGUA's water and wastewater utility system located in Collier County, Florida, including all of the potable water supply, treatment, storage, and distribution systems and wastewater collectiontransmission and disposal systems, including developer agreements and other service agreements, customer, operations, engineering and property records and documents related thereto, or copies thereof "Indenture of Trust" means that certain Indenture of Trust by and between the FGUA and SunTrust Bank, Central Florida, National Association, Trustee, for the Florida Governmental Utility Authority Utility Revenue Bonds (Golden Gate Utility System), dated as of April 1, 1999 and any supplemental indentures issued pursuant thereto. "Management Services Agreement" means that certain Amended and Restated Management Services Agreement dated November 21, 2013, as amended by that certain Amendment to Amended and Restated Management Services Agreement, dated October 16, 2014, by and between the FGUA and Government Services Group, Inc. "Operations, Maintenance, Customer Service and Billing Agreement" means the Amended and Restated General Terms and Conditions Agreement, dated December 19, 2013, as amended, together with the Golden Gate System Compensation Agreement, dated March 17, 2011, each by and between the FGUA and US Water/Wade Trim, LLC, and all amendments thereto. "Plans and Specifications" means the design plans and specifications for implementation and construction of the Transition Projects. "Senior Lien Bond Resolution" means Resolution No. CWS-85-5, adopted by the CCWSD on July 30, 1985, as amended and restated by Resolution No. CWS-85-13, adopted by the CCWSD on December 26, 1985, as amended and supplemented. "Siemens Energy Project" means the FGUA project undertaken pursuant to that certain Guaranteed Energy Water and Wastewater Performance Savings Contract, dated July 25, 2016, by and between the Florida Governmental Utility Authority and Siemens Industry, Inc. "System Manager" means Government Services Group, Inc., as Manager under the terms of the Management Services Agreement. "System Operator" means U.S. Water/Wade Trim, LLC, as Contractor under the terms of the Operations, Maintenance, Customer Service and Billing Agreement. "Transition Agreement" means this Utility System Transition Agreement, including any amendments and supplements hereto executed and delivered in accordance with the terms hereof. 3 9 "Transaction Cost" means the costs, fees and expenses incurred by the FGUA in connection with the CCWSD's acquisition of the Golden Gate System, including but not limited to: (A) the verifiable fees and disbursement of Bond Counsel; (B) the verifiable fees and disbursements of the FGUA's financial advisor; (C) the verifiable fees and disbursements of the FGUA's utility and general counsel; (D) the verifiable fees and disbursements of the System Manager and System Operator; and (E) any other verifiable costs of a similar nature incurred by the FGUA in connection with the transition of the Golden Gate System to the CCWSD. "Transfer Date" means the date for transfer of the Golden Gate System from the FGUA to the CCWSD established in Section 3.05 of this Transition Agreement. "Transition Projects"means, collectively, the FGUA Transition Projects and the CCWSD Transition Projects. "Trustee" means Wells Fargo Bank Minnesota, N.A., 6th Street & Marquette Avenue MAC N9303-121, Minneapolis, Minnesota, 55479. SECTION 1.02. CONSTRUCTION AND INTERPRETATION. (A) Words importing the singular number shall include the plural in each case and vice versa, and words importing persons shall include firms and corporations. The terms "herein", "hereunder", "hereby", "hereto", "hereof", and any similar terms, shall refer to this Transition Agreement; the term "heretofore" shall mean before the date that this Transition Agreement is executed; and the term "hereafter" shall mean after the date this Transition Agreement is executed. (B) Each recital, covenant, agreement, representation and warranty made by a party herein shall be deemed to have been material and to have been relied on by the other parties to this Transition Agreement. All parties have participated in the drafting and preparation of this Transition Agreement, and the provisions hereof shall not be construed for or against either party by reason of authorship. SECTION 1.03. SECTION HEADINGS. Any headings preceding the texts of the several articles, sections or appendices in this Transition Agreement and any table of contents or marginal notes appended to copies hereof, shall be solely for the convenience of reference and shall neither constitute a part of this Transition Agreement nor affect its meaning, construction or effect. ARTICLE II REPRESENTATIONS SECTION 2.01. REPRESENTATIONS OF THE FGUA. The FGUA makes the following representations as the basis for the undertaking on the part of the CCWSD herein contained: (A) The FGUA is a public body and legal entity created by interlocal agreement pursuant to section 163.01(7)(g), Florida Statutes. 4 9B (13) The FGUA has full power and authority to enter into the transactions contemplated by this Transition Agreement and to carry out its obligations hereunder. (C) The FGUA is not in default under any provisions of the laws of the State material to the performance of its obligations under this Transition Agreement. (D) The FGUA has duly authorized the execution and delivery of this Transition Agreement, and assuming the due authorization, execution and delivery by the CCWSD, this Transition Agreement constitutes a valid and legally binding obligation of the FGUA, enforceable in accordance with its terms, except to the extent that the enforceability thereof may be limited by any applicable bankruptcy, insolvency, moratorium, reorganization or other similar laws affecting creditors' rights generally, or by the exercise of judicial discretion in accordance with general principles of equity. (E) To the FGUA's knowledge, the authorization, execution and delivery of this Transition Agreement and compliance by the FGUA with the provisions of this Transition Agreement will not conflict with or constitute a material breach of, or default under, any existing law, court or administrative regulation, decree, order or any provision of the Constitution or laws of the State relating to the FGUA or its affairs, or any ordinance, resolution, agreement, mortgage, lease or other instrument to which the FGUA is subject or by which it is bound. (F) To the FGUA's knowledge, there is no action, suit, proceeding or investigation at law or in equity before or by any court, public board or body pending or, to the best knowledge of the FGUA, threatened against or affecting the FGUA, wherein an unfavorable decision, ruling or finding would materially adversely affect the transactions contemplated hereby or which in any way would materially adversely affect the validity of this Transition Agreement or any agreement or instrument to which the FGUA is a party and which is used or contemplated for use in the consummation of the transactions contemplated hereby. (G) Appendix "C", attached hereto, is a schedule identifying all real property, easements and other intangible rights of the FGUA relating to the Golden Gate System. (H) Appendix "D", attached hereto, is a schedule of all existing third-party warranties that relate to completed or in-process construction. (I) Appendix "E", attached hereto, is a schedule of all current or active permits applications or other documents, together with effective dates and any expiration dates which authorize the operation of the Golden Gate System by all applicable governmental authorities. (J) Appendix "F", attached hereto, is the inventory of the equipment owned by the FGUA and used in connection with the operation of the Golden Gate System. (K) Appendix "G", attached hereto, is an estimate of inventory levels for chemicals, miscellaneous parts, and wastewater residuals used in the regular operation of the Golden Gate System that are owned by the FGUA and expected to be in the possession of the System Operator on the Transfer Date. 5 9B (L) Appendix "H". attached hereto, is a schedule of all operating and vendor contracts affecting the Golden Gate System. (M) Appendix "1", attached hereto, is a schedule of all other agreements entered into between the FGUA, its predecessors, or third parties which would reasonably be considered to be an encumbrance upon the Golden Gate System, including without limitation, any leasehold agreements or oral agreements, if any. (N) Appendix "J", attached hereto, is a schedule of any and all insurance policies currently enforceable that cover the FGUA as they may relate to the Golden Gate System specifying the name and address of each carrier, the policy number and the type of coverage provided. (0) Appendix "K", attached hereto, is a description of matters that may give rise to potential claims or disputes with respect to real property or personal property interests necessary to operate the Golden Gate System which are being conveyed to the CCWSD pursuant to this Transition Agreement. (P) Appendix "L", attached hereto, is a description of the regulatory compliance issues that are outstanding on the date of this Transition Agreement. (Q) Except those matters identified in Section 3.07 hereof, the FGUA has been neither cited nor notified, and is not, after due inquiry, aware of any violation of any governmental rule, regulations, permitting condition, or other governmental requirement of any type or nature applicable to the ownership, maintenance, construction or operation of the Golden Gate System, nor is the FGUA aware of any conditions which by reason of the passing of time or the giving of notice by the appropriate governmental agency would constitute such a violation. (R) To the best of the FGUA's knowledge and belief, and except as identified in this Transition Agreement or otherwise disclosed to the CCWSD, the real property and easements to be conveyed to the CCWSD hereunder are in compliance with, and the FGUA has not violated, in connection with its ownership, use, maintenance, or operation of the Golden Gate System, applicable federal, state, county, or local environmental laws relating to pollution or protection of the environment, including but not limited to, the Comprehensive Environmental Response Compensation and Liability Act of 1980, as amended by the Superfund Amendments and Reauthorization Act of 1986, and the Resource Conservation and Recovery Act. (S) The FGUA has not authorized the placing or depositing of hazardous substances on the real property and easements to be conveyed to the County except, if at all, in accordance with applicable law, and the FGUA has no actual knowledge of any hazardous substance having been, or currently being, placed or deposited on the real property and easements except in a lawful manner. (T) There are no facts actually known to the FGUA materially affecting the physical condition or operation of the Golden Gate System which are not readily observable or which have not been disclosed or provided to the CCWSD in connection with this transaction or otherwise. 6 9B SECTION 2.02. REPRESENTATIONS OF THE CCWSD. The County makes the following representations as the basis for the undertakings on the part of the FGUA herein contained: (A) The CCWSD is a political subdivision of the State of Florida and body corporate and politic duly organized and validly existing pursuant to special acts of the Florida Legislature, as codified and reenacted in Chapter 2003-353, Laws of Florida. (B) The CCWSD has full power and authority to enter into the transactions contemplated by this Transition Agreement, to issue the CCWSD Bonds, and to carry out its obligations hereunder and thereunder. (C) The CCWSD is not in default under any provisions of the laws of the State material to the performance of its obligations under this Transition Agreement. (D) The CCWSD has duly authorized the execution and delivery of this Transition Agreement, and assuming the due authorization, execution and delivery by the FGUA, this Transition Agreement constitutes a valid and legally binding obligation of the CCWSD, enforceable in accordance with its terms, except to the extent that the enforceability thereof may be limited by any applicable bankruptcy, insolvency, moratorium, reorganization or other similar laws affecting creditors' rights generally, or by the exercise of judicial discretion in accordance with general principles of equity. (E) To the CCWSD's knowledge, the authorization, execution and delivery of this Transition Agreement and the compliance by the CCWSD with the provisions hereof will not conflict with or constitute a material breach of, or default under, any existing law, court or administrative regulation, decree, order or any provision of the Constitution or laws of the State relating to the CCWSD or its affairs, or any ordinance, resolution, agreement, mortgage, lease or other instrument to which the CCWSD is subject or by which it is bound. (F) To the CCWSD's knowledge, there is no action, suit, proceeding or investigation at law or in equity before or by any court, public board or body pending or, to the best knowledge of the CCWSD, threatened against or affecting the CCWSD, wherein an unfavorable decision, ruling or finding would materially adversely affect the transactions contemplated hereby or issuance of the CCWSD Bonds, or which, in any way would materially adversely affect the validity of the CCWSD Bonds, this Transition Agreement or any agreement or instrument to which the CCWSD is a party and which is used or contemplated for use in the consummation of the transactions contemplated hereby. ARTICLE III CONVEYANCE OF THE GOLDEN GATE SYSTEM SECTION 3.01 AGREEMENT TO ACQUIRE. (A) The CCWSD hereby notifies the FGUA of its intent to acquire the Golden Gate System and issue the CCWSD Bonds on the Transfer Date, as required by Section 7.01(C) of the Indenture of Trust; provided however, that the CCWSD shall provide notice to the Trustee not 7 AINIP 9 less than 60 days prior to the Transfer Date, as required by Section 7.01(C) of the Indenture of Trust, unless a shorter notice is approved by the Trustee. (B) Conveyance of the Golden Gate System to the CCWSD is expressly conditioned upon compliance with all requirements of the Indenture of Trust, the CCWSD Bonds, and the Golden Gate Interlocal Agreement in substance and form satisfactory to the Trustee and Bond Counsel, including but not limited to performance of the following acts and provisions of the following documents to the Trustee and the FGUA: 1. A certified copy of the CCWSD Utility Resolution of the Board of County Commissioners acting ex officio as the governing board of the CCWSD authorizing and approving the transition of the Golden Gate System from FGUA to CCWSD ownership and all acts necessary and proper to such transition and stating the CCWSD's unqualified commitment to issue the CCWSD Bonds, which shall be parity obligations with senior lien utility debt, or stating the CCWSD's unqualified commitment to take such other action acceptable to Trustee to defease or redeem the FGUA Bonds. 2. A copy of the notice provided to the Trustee of the CCWSD's intent to issue the CCWSD Bonds, which notice shall be provided not less than 60 days prior to the Transfer Date, unless a shorter notice is approved by the Trustee. 3. A copy of the notice provided by the CCWSD to Assured Guaranty Municipal Corp. that the CCWSD Bonds shall be issued and the Golden Gate System shall be acquired by the CCWSD. 4. The CCWSD Bonds, which shall be issued pursuant to the provisions of the Senior Lien Bond Resolution on parity with the CCWSD's senior lien utility debt. 5. An opinion of Bond Counsel selected by the CCWSD to the effect that the CCWSD Bonds are valid, binding and legal obligations of the CCWSD (subject to bankruptcy and other standard exceptions) and shall be treated as "Bonds" under the Senior Lien Bond Resolution and shall be secured and be payable from the Pledged Funds (as defined in the Senior Lien Bond Resolution) on parity with the CCWSD's senior lien utility debt. 6. An opinion of Bond Counsel to the effect that (a) the Senior Lien Bond Resolution has been duly adopted or enacted, as the case may be, and is valid and enforceable in accordance with its terms, and (b) any condition precedent to the CCWSD acquiring, owning and operating the Golden Gate System has been satisfied. 7. All documents necessary in the reasonable opinion of counsel to the FGUA for the CCWSD and the County to hold harmless the FGUA from any actions relating to the Golden Gate System which occur either prior to or subsequent to the Transfer Date. 8. An agreement between the FGUA and the CCWSD for the CCWSD to pay (a) fees owing in regard to the operation and/or management of the Golden Gate System or the operation of the FGUA as may be identified as remaining unpaid as of the Transfer Date and agreed to by the parties, and (b) all verifiable costs and expenses of the FGUA, the Trustee and 8 9 B Assured Guaranty Municipal Corp. incurred as a result of the CCWSD's acquisition of the Golden Gate System as may remain unpaid on the Transfer Date. 9. A tax compliance agreement, satisfactory in the reasonable opinion of Bond Counsel, executed by an authorized officer of the CCWSD. 10. Documents transferring to the CCWSD title to the Golden Gate System and all associated assets and property, including the moneys in the funds and accounts held under the Indenture of Trust, other than the Rebate Fund (as defined in the Indenture of Trust). 11. A certificate executed by an authorized officer of the FGUA addressed to the Trustee stating that the CCWSD Bonds have been issued by the CCWSD and the Golden Gate System has been transferred to the CCWSD. 12. An agreement of the County, in form and substance satisfactory to the CCWSD, Bond Counsel and counsel to the FGUA in their respective reasonable judgment, to provide all continuing disclosure required by applicable securities law. 13. Evidence that any public hearing required by State law for the CCWSD to acquire the Golden Gate System has been held and the acquisition by the CCWSD of the Golden Gate System has been duly authorized. 14. Evidence that any public hearing required by State law for the FGUA to transfer the Golden Gate System has been held and the transfer by the FGUA of the Golden Gate System has been duly authorized. 15. Directions from the CCWSD to the Trustee as to the transfer of moneys in the funds and accounts held under the Indenture, including any "Reserve Account Insurance Policy" or "Reserve Account Letter of Credit" (each as defined in the Indenture of Trust). 16. The CCWSD's agreement to the standard package of Assured Guaranty Municipal Corp., except to the extent it is inapplicable to the CCWSD Bonds or is in conflict with provisions of the CCWSD Senior Lien Bond Resolution. 17. A certificate signed by authorized representatives of the FGUA and the CCWSD acknowledging and attesting to the accuracy of the representations in Article II hereof as of the Transfer Date. (C) The CCWSD agrees to pay all Transaction Costs incurred by the FGUA and all verifiable expenses incurred by the Trustee and Assured Guaranty Municipal Corp. in connection with the CCWSD's acquisition of the Golden Gate System. Such amounts shall be paid notwithstanding any failure by the CCWSD to comply with the requirements of the Indenture of Trust and/or the Golden Gate Interlocal Agreement, or to otherwise complete its acquisition of the Golden Gate System unless the FGUA by its material breach fails to perform its obligations hereunder. (D) From the Transfer Date, the CCWSD agrees to assume all duties and responsibilities for operation and management of the Golden Gate System that until the Transfer 9 98 Date were duties and responsibilities of the System Operator and the System Manager under, respectively, the Operations, Maintenance, Customer Service and Billing Agreement and the Management Services Agreement. The FGUA agrees to pay any money's owing for operation and management costs and expenses related to the Golden Gate System, including those arising out of the Operations, Maintenance, Customer Service and Billing Agreement and the Management Services Agreement, that accrue prior to the Transfer Date and that are not Transaction Costs. (E) The CCWSD agrees to undertake all rights and responsibilities under the Operations, Maintenance, Customer Service and Billing Agreement for services rendered to the Golden Gate System, if any, after the Transfer Date. The FGUA agrees to pay any moneys owing for operation costs and expenses related to the Golden Gate System, including the Operations and Billing Agreement and Management Services Agreement, that accrue prior to the Transfer Date, that are not Transaction Costs. On the Transfer Date, the FGUA shall assign, and the CCWSD shall assume, all rights, duties and obligations under the Operations, Maintenance, Customer Service and Billing Agreement, and the FGUA and System Operator shall each be relieved of any duty or obligation to the other with respect to the Golden Gate System, arising from said agreement. (F) On the Transfer Date, the CCWSD shall pay the System Manager the equivalent of the monthly installments, or prorated portions thereof, for the unexpired period between the Transfer Date and May 13, 2018, the end of the six-month notice period provided in the Management Services Agreement, for the following services: the Basic Services (as defined in the Management Services Agreement); and the Capital Projects Administrative Services (as defined in the Management Services Agreement. No other payments shall be due the FGUA System Manager, other than Transaction Costs as provided for in this Transition Agreement. Upon payment of the fees for services as provided for in this Section 3.01(F), the FGUA and the System Manager shall execute such documents as are necessary to terminate the Management Services Agreement and the rights, remedies, duties and obligations of the parties thereunder, as of the Transfer Date. (G) The FGUA will retain in its General Fund SEVENTEEN THOUSAND SEVEN HUNDRED SIXTY-SIX AND 90/100 DOLLARS ($17,766.90) from the Golden Gate Enterprise Fund at the time of transfer to the CCWSD to pay for the known costs related to Fiscal Year 2017 and Fiscal Year 2018 audit expenses. SECTION 3.02. TRANSFER,ASSIGNMENT AND ASSUMPTION. (A) On the Transfer Date, the FGUA shall transfer, assign and convey to the CCWSD all of its rights, remedies, powers, title and interest in the Golden Gate System in the following manner: 1. By special warranty deed, all of its real property identified in Appendix "C" which property includes all real property acquired by the FGUA on the date of its initial acquisition of the Golden Gate System and any other real property subsequently acquired by the 10 98 FGUA for and used in connection with the Golden Gate System, together with all appurtenances thereto. 2. By assignment and assumption agreement all of its rights, privileges, easements, licenses, prescriptive rights, rights of way, rights of use of public and private roads, highways, streets, railroads, or other areas owned or used by the FGUA in connection with the construction, reconstruction, installation, expansion, maintenance and operation of the Golden Gate System, including but not limited to the "easements and licenses" identified in Appendix "C", together with, and to the extent transferrable, a tacking of time periods of CCWSD ownership in addition to FGUA or predecessor ownership time periods for determining any prescriptive easement or adverse possession claim or claims. 3. By bill of sale, all of its water and wastewater treatment plants, including water supplies, wells, fire hydrants, backflow prevention devices, collection, transmission, and distribution system piping, pumping, and effluent disposal facilities of every kind and description whatsoever that are used in connection with the operation of the Golden Gate System, including, without limitation, all trade fixtures, leasehold improvements, lift stations, pumps, generators, controls, tanks, distribution, collection or transmission pipes or facilities, valves, meters, meter assemblies, meter reading devices, service connections, and all other physical facilities, appurtenances and property installations used in the operation of the Golden Gate system, 4. By bill of sale, all of its personal property used in connection with the operation of the Golden Gate System, including but not limited to all movable equipment identified in Appendix "F" and all miscellaneous parts, chemicals, fuel, and residual sludge identified in Appendix "G" actually held on the Transfer Date for use in connection with the operation of the Golden Gate System. Appendix "G" is an estimate of the inventory of said items expected to be on hand on the Transfer Date. On the Transfer Date, the actual inventory levels may differ from the estimates set forth in Appendix "G" due to use by the FGUA in the normal course of business. Two (2) days prior to the Transfer Date, the FGUA and the System Operator shall conduct a final inventory review of such items that are actually in the possession of the System Operator and which shall be conveyed to the CCWSD on the Transfer Date. The inventory of items identified in Appendix "G"shall not be unnecessarily depleted. 5. By bill of sale, all of its rights, remedies, powers, title or interest arising in the FGUA Transition Projects identified in Appendix "B" that are still in process as of the Transfer Date pursuant to Section 4.03(B) hereof; all cash, deposits, prepaid expenses and funds and accounts held under the Indenture of Trust, or otherwise maintained in connection with the Golden Gate System, except as provided in Section 3.01(0) of this Transition Agreement. 6. By transfer, assignment and assumption agreement, the FGUA shall transfer and assign and the CCWSD shall accept and assume the ownership, rights, privileges, duties, obligations and responsibilities of the FGUA pursuant to: all of the FGUA's permits and governmental approvals obtained in connection with the operation of the Golden Gate System and described in Appendix "E"; all of the operating and vendor contracts affecting the Golden Gate System identified in Appendix "H"; all of the agreements entered into between the FGUA, 11 96 its predecessors, or third parties that would reasonably be considered to be an encumbrance upon the Golden Gate System that are identified in Appendix "1"; all rights and warranties, including but not limited to those identified in Appendix "D", that the FGUA possesses and that remain in effect as of the Transfer Date against any parties who provided services related to the FGUA Golden Gate System, including those for the FGUA Transition Projects under contract with the FGUA and from all contractors, subcontractors and material suppliers, including for work in process, and for any FGUA Transition Project, to the extent they are assignable; and all claims, including such insurance claims existing as of the Transfer Date such as weather related claims, or causes of action arising out of the FGUA's ownership and operation of the Golden Gate System, reserving to the FGUA the right to subsequently prosecute any claims against parties that relate to damages or expenses sustained by the FGUA that are independent of damages or expenses sustained by the CCWSD. (B) On the Transfer Date, all rights of the FGUA to own and operate the Golden Gate System shall be terminated in accordance with this Transition Agreement and with Resolution 2017- of the Board of County Commissioners of Collier County, Florida, acting ex-officio as the governing board of the Collier County Water-Sewer District,dated November 14, 2017. (C) On the Transfer Date, the FGUA agrees to deliver to CCWSD at CCWSD's reasonable request, to the extent consistent with the requirements set forth in this Transition Agreement, and as allowable by the facts as they are on the Transfer Date, such affidavits as are customary for the deletion of standardized title insurance exceptions contained in a title insurance commitment obtained by CCWSD to insure the real property interests identified in this Transition Agreement. (D) Following the Transfer Date, the FGUA's obligation or responsibility to act or serve as a provider of water or wastewater services as owner of the Golden Gate System will terminate and the CCWSD will assume the obligation and responsibility to provide water and wastewater services as a governmentally owned and controlled service provider within the area previously served by the FGUA. SECTION 3.03. ACCOUNTS RECEIVABLE; CUSTOMER DEPOSITS. (A) The FGUA and the CCWSD agree to cooperate to ensure an orderly transition of all FGUA customers with respect to billing and customer service activities including, but not limited to, working together to achieve a compatible format for transfer of customer data. (B) The parties agree that on and after the Transfer Date, the CCWSD will be entitled to all customer billings not previously collected by the FGUA with respect to water and wastewater collection and treatment services previously rendered by the FGUA, including uncollected revenue from the last FGUA billing period before the Transfer Date, and all subsequent billing periods after the Transfer Date. (C) The CCWSD and the FGUA agree that customer confusion concerning the transition of the Golden Gate System to CCWSD ownership will be reduced if the customers receive their initial bill for services rendered by the CCWSD (the "Initial Bill") in the same 12 98 billing cycle previously used by the FGUA. To avoid customers receiving two bills, one from the FGUA and one from the CCWSD, for services rendered during the final billing cycle under FGUA ownership, the CCWSD and the FGUA agree that the CCWSD shall initially read customer meters on the date or dates indicated by the FGUA's established billing cycle and the CCWSD shall render the associated bill as the CCWSD's initial bill to customers (the Initial Bill"). The CCWSD shall retain all revenue received from the Initial Bill and shall be liable for payment of any unpaid fees and costs incurred by the FGUA through the Transfer Date in its provision of water and wastewater service to customers served by the Golden Gate System, as provided by section 3.01(D)of this Transition Agreement. (D) On the Transfer Date, the FGUA shall transfer to the CCWSD a sum of money equivalent to the dollar amount of customer deposits held by the FGUA for the Golden Gate System. As the CCWSD does not collect and retain customer deposits, the CCWSD will assume the obligation to return said customer deposits to those customers of the Golden Gate System that had paid them. (E) If the FGUA receives a payment after the Transfer Date from a former customer of the Golden Gate System, such payment shall be delivered to the CCWSD within seven (7) business days of the FGUA's receipt of such payment, without any right of setoff. SECTION 3.04. STATUS OF TITLE. (A) With the express knowledge of the CCWSD and the approval of the Board of County Commissioners of Collier County, the FGUA acquired the Golden Gate System from the prior owner without any warranties, assurances, or a prior survey of all existing real property interests. The CCWSD hereby acknowledges that the FGUA cannot provide warranties or assurances regarding FGUA property interests received with the original purchase of the Golden Gate System; however, the FGUA represents to the CCWSD that, except for those matters already disclosed to CCWSD and described in Appendix "K", it has not been notified of any claims or disputes with respect to real property or personal property interests necessary to operate the Golden Gate System which are being conveyed to the CCWSD pursuant to this Transition Agreement, and that the FGUA shall convey fee simple title to the real property by special warranty deed. (B) The FGUA shall provide the CCWSD with copies of any surveys of the FGUA's real property interests used in connection with the operation of the Golden Gate System that are in its possession within ten (10) days of the full execution of this Transition Agreement. The CCWSD shall have the option to order a new or updated boundary survey of any or all real property being insured by a title insurance policy hereunder. Such new surveys shall be at the CCWSD's expense and shall meet the minimum Florida standards for boundary surveys. Any such surveys shall (A) be received not less than thirty (30) days prior to the Transfer Date and updated thereafter as required by the title insurer; (B) be satisfactory and sufficient for the title insurer to delete the standard exceptions of title insurance coverage concerning encroachments, overlays, boundary line disputes or any other adverse matter which would be disclosed by an accurate survey; (C) be certified as of the then current date to the CCWSD, the FGUA, the title 13 insurance company, the title agent, or any other parties requested by the CCWSD and the title 9 B agent; and (D) show the location of all improvements and easements. Regarding material adverse matters (i.e., matters that materially interfere with the present use of the real property) disclosed by such surveys and disclosed to the FGUA, the FGUA will use its reasonable best efforts to assist the CCWSD in resolving such matters and assist in removing exclusions to coverage on the title insurance commitment. Costs incurred by the FGUA in providing such assistance are Transaction Costs as defined in this Transition Agreement. (C) The CCWSD shall, if it elects to do so, within thirty (30) days from the execution of this Transition Agreement obtain at its expense a title insurance commitment or commitments for the real property and other material easement interests as may be identified by the CCWSD from a Florida licensed title insurer of its choosing. Any such commitment shall, upon compliance with requirements set forth therein, commit the title insurer to issue a policy under an ALTA form owner's title insurance policy (the "Title Policy"). The CCWSD shall, within five (5) days of receiving the jacketed and signed commitment, deliver a copy of same to the FGUA. Prior to the Transfer Date, the FGUA will use its reasonable best efforts to assist the CCWSD in resolving any title defects that affect marketability or insurability of title to the interests in real property to be conveyed to the CCWSD. Costs incurred by the FGUA in providing such assistance are Transaction Costs as defined in this Transition Agreement. (D) The estate or interests to be insured by the Title Policy shall consist of all real property and any casements identified to the insurer by the CCWSD, and which are necessary for operation of the Golden Gate System. (E) All charges and costs for the issuance of the owner's title insurance commitments and policy(ies) shall be paid by the CCWSD. SECTION 3.05. TRANSFER DATE. The CCWSD and the FGUA acknowledge the FGUA's contractual obligation to provide its operations and management services contractors a 180-day notice of contract cancellation, and having provided for the payment of said contractors through the final day of the effectiveness of said contracts and termination thereof, hereby establish the Transfer Date as March 1, 2018. Subject to the consent of the Trustee, the CCWSD and the FGUA may mutually agree in writing as provided in Section 5.04 hereof to an alternative Transfer Date. SECTION 3.06. BOND PROCEEDS AND FGUA FUNDS. At least twenty (20) days before the Transfer Date, the CCWSD shall provide directions to the Trustee as to the transfer of moneys in the funds of accounts held under the Indenture as provided for in section 3.01 (B)(15) hereof. SECTION 3.07. OUTSTANDING REGULATORY COMPLIANCE ISSUES. The CCWSD acknowledges the following regulatory compliance issues that are outstanding on the date of this Transition Agreement, and that are described in greater detail in Appendix "L" attached hereto: 14 98 (A) Florida Department of Environmental Protection Administrative Order AO- 20150616-SD directing the FGUA to correct specified deficiencies; (B) Florida Department of Environmental Protection September 1, 2016, notice regarding WWTP Class I Injection System monitoring data; (C) Florida Department of Environmental Protection October 30, 2015, letter initiating Lead and Copper Rule semi-annual monitoring plan. (D) The CCWSD shall have the opportunity to participate in all negotiations with any relevant governmental regulatory body concerning all required corrective actions and monetary penalties associated with all regulatory compliance issues. The CCWSD agrees that on the Transfer Date, the CCWSD will assume all of the FGUA's obligations with regard to regulatory compliance, including but not limited to, the fulfillment of any condition imposed by a regulatory agency and the payment of any fines, costs and penalties. SECTION 3.08. TRANSFER OF PERMITS. Within ten (10) days after the execution of this Transition Agreement, the CCWSD and the FGUA shall commence requisite action to notify the requisite governmental regulatory agencies of the forthcoming transfer of the permits and governmental approvals identified in Appendix "E" from the FGUA to the CCWSD. Both parties shall timely cooperate and provide all necessary assistance in the transfer of such permits and approvals after conveyance of the Golden Gate System on the Transfer Date. Upon the Transfer Date, the CCWSD shall assume all obligations under the permits and governmental approvals necessary for the continued operation of the Golden Gate System. SECTION 3.09. RISK OF LOSS. At all times prior to and through the Transfer Date, the FGUA shall maintain adequate fire and extended insurance coverage for the cost of any repairs to or replacement of the Golden Gate System that may be required by casualty damage. The risk of loss prior to the Transfer Date shall remain with the FGUA. The risk of loss shall pass to the CCWSD upon the Transfer Date. SECTION 3.10. FGUA DISCLOSURE OBLIGATIONS. The FGUA shall comply with any FGUA disclosure obligations as may be required by the FGUA Bonds and the Indenture of Trust in such manner and time to permit the closing of the transaction contemplated in this Transition Agreement on or before the Transfer Date. SECTION 3.11. FURTHER ASSURANCES. SECTION 3.11. FURTHER ASSURANCES. The FGUA shall, after the Transfer Date, upon reasonable request of the CCWSD, undertake such actions as may reasonably be required to perform any of the FGUA's obligations as set forth in this Transition Agreement, and execute, assign, acknowledge and deliver, or cause to be executed, assigned, acknowledged and delivered, all such further documents, deeds, easements, assignments, transfers, powers of attorney and assurances that are in the ownership or control of the FGUA and as may be reasonably required to perform any of the FGUA's obligations which are being transferred to the CCWSD as set forth in this Transition Agreement. Verifiable costs incurred by the FGUA in fulfilling such request of the CCWSD, or in providing at the request of CCWSD additional information or assistance after the Transfer 15 98 Date relating to the Golden Gate System, shall be deemed Transaction Costs, and shall be paid by the CCWSD. SECTION 3.12. DUE DILIGENCE ACCESS RIGHTS. The FGUA and the CCWSD have cooperated in the CCWSD's conduct of due diligence activities through the date of execution of this Transition Agreement, from and after the date of execution of this Transition Agreement by both parties, and at all times prior to the Transfer Date, and the parties agree that the CCWSD shall have the right, at any reasonable times during normal business hours with one (I) day's prior notice to the FGUA, to enter upon the FGUA's property to inspect the Golden Gate System, to familiarize itself with day-to-day operations including access to billing hardware and software, to review the operational practices of the FGUA and the System Operator, to coordinate with the FGUA the necessary transition activities, and to ensure compliance with any and all federal and state regulatory requirements; provided, however, that such access shall not be had or done in any manner so as to unreasonably interfere with the normal conduct of the Golden Gate System. Any additional costs to the FGUA or costs from CCWSD's damage to the Golden Gate System arising out of CCWSD's exercise of its rights of access under this Section 3.12 shall be deemed Transaction Costs payable to the FGUA as set forth in this Transition Agreement. ARTICLE IV TRANSITION PROJECTS SECTION 4.01. FGUA TRANSITION PROJECTS. (A) Subject to the provisions of Section 4.03 below, the FGUA will be responsible for carrying out the FGUA Transition Projects in accordance with their respective Plans and Specifications, including but not limited to (1) the selection of such professionals and consultants as it deems necessary or advisable, and coordinating those consultants and those professionals in the efforts necessary to obtain the appropriate permits, licenses and approvals for the FGUA Transition Projects, and(2) hiring contractors for the FGUA Transition Projects. (B) The FGUA shall obtain all necessary approvals from governmental agencies requisite to construction of the FGUA Transition Projects and will make all reasonable efforts to complete the FGUA Transition Projects prior to the Transfer Date. (C) Engineers engaged by the FGUA shall supervise construction of the FGUA Transition Projects to ensure compliance with the Plans and Specifications and accepted civil engineering practices. The CCWSD shall have the right, but not the obligation, to make inspections and conduct testing of the construction work performed by or for the FGUA on the FGUA Transition Projects. Such inspections and testing shall not be construed to constitute any guarantee on the part of the CCWSD as to materials or workmanship, nor shall they relieve the FGUA of the responsibility for the proper construction of the FGUA Transition Projects in accordance with the Plans and Specifications. 16 98 SECTION 4.02. CCWSD TRANSITION PROJECTS. Following the Transfer Date, the CCWSD will be responsible for completing the CCWSD Transition Projects in accordance with their respective Plans and Specifications, including but not limited to (A) the selection of such professionals and consultants as the CCWSD deems necessary or advisable, and coordinating those consultants and those professionals in the efforts necessary to obtain the appropriate permits, licenses and approvals for the CCWSD Transition Projects, (2) obtaining necessary approvals from governmental agencies requisite to construction of the CCWSD Transition Projects, and (3) hiring contractors to construct the CCWSD Transition Projects. SECTION 4.03. ASSUMPTION OF WORK IN PROCESS. (A) Within thirty (30) days after execution of this Transition Agreement by the last party to sign, the FGUA and the CCWSD shall hold a project status conference to determine which FGUA Transition Projects, if any, will not be completed prior to the Transfer Date. No less than five (5) days before the Transfer Date, the parties shall hold an additional status conference to update the status of the Transition Projects and to reconcile the accounts for such projects. (B) In the event any FGUA Transition Project has not been completed by the Transfer Date, on the Transfer Date the FGUA shall assign in writing to the CCWSD and the CCWSD shall assume all of the FGUA's rights and obligations with regard to the construction contracts, subcontracts and material supply agreements for the FGUA Transition Projects that are not completed on the Transfer Date. Such assignment shall reserve to the FGUA the right to subsequently prosecute any claims against parties that may arise as a result of any claims, actions, losses, damages or expenses sustained by the FGUA arising out of the planning, design and construction of the FGUA Transition Project; provided however, that the CCWSD also shall have the right to prosecute any such claims. ARTICLE V GENERAL PROVISIONS SECTION 5.01. INTERLOCAL AGREEMENT PROVISIONS. Portions of this Transition Agreement may constitute a joint exercise of power, privilege or authority by and between the County, the CCWSD and the FGUA and may be deemed to be an "interlocal agreement" within the meaning of the Florida Interlocal Cooperation Act of 1969, as amended. In recognition thereof, this Transition Agreement shall be filed with the Clerk of the Circuit Court of Collier County. SECTION 5.02. TERM OF AGREEMENT. The term of this Transition Agreement shall commence upon approval and execution by the parties and shall terminate upon conveyance of the Golden Gate System to the CCWSD; provided however, that Article II and Sections 3.01(C), 3.01(D), 3.01(0), 3.03, 3.08, 3.11, 3.12 and 4.02 hereof will not be terminated and shall remain in full force and effect until the obligations of the parties thereunder have been fully performed. 17 98 SECTION 5.03. DISPUTE RESOLUTION. The parties agree to resolve any dispute related to the interpretation or performance of this Transition Agreement in the manner provided in Chapter 164, Florida Statutes. SECTION 5.04. AMENDMENTS AND WAIVERS. No amendment, supplement, modification or waiver of this Transition Agreement shall be binding unless executed in writing by all parties hereto. No waiver of any of the provisions of this Transition Agreement shall be deemed or shall constitute a waiver of any other provision of this Transition Agreement, whether or not similar, unless otherwise expressly provided. Each such amendment, supplement, modification or waiver of this Transition Agreement shall be filed with the Clerk of the Circuit Court of Collier County. SECTION 5.05. NOTICES. All notices, certificates or other communications hereunder shall be sufficiently given and shall be deemed given when hand delivered or mailed by registered or certified mail, postage prepaid,to the parties at the following addresses: FGUA: Florida Governmental Utility Authority c/o Government Services Group, Inc. Attn: Stephen M. Spratt 280 Wekiva Springs Road Protegrity Plaza, Suite 2070 Longwood,Florida 32779-6026 With a copy to: Nabors, Giblin &Nickerson, P.A. Attn: Heather J. Encinosa 1500 Mahan Drive, Suite 200 Tallahassee, Florida 32308 CCWSD: Collier County Public Utilities Division Attn: Dr. George Yilmaz, Administrator 3301 East Tamiami Trail Naples, Florida 34112 With a copy to: Collier County Attorney Attn: Jeffrey A. Klatzkow, Esq. 3299 East Tamiami Trail, Suite 800 Naples, Florida 34112 • 18 1=11111.10". 98 Either of the parties may, by notice in writing given to the others,designate any further or different addresses to which subsequent notices, certificates or other communications shall be sent Any notice shall be deemed given on the date such notice is delivered by hand, electronic mail or facsimile transmission, or three days after the date mailed. SECTION 5.06. SEVERABILITY. In the event any provision of this Transition Agreement shall be held invalid or unenforceable by any court of competent jurisdiction, such holding shall not invalidate or render unenforceable any other provision hereof. SECTION 5.07. EXECUTION IN COUNTERPARTS. This Transition Agreement may be executed in several counterparts, each of which shall be an original and all of which shall constitute but one and the same instrument. SECTION 5.08. APPLICABLE LAW AND VENUE. This Transition Agreement shall he governed by and construed in accordance with the laws of the State of Florida. Venue for any action or proceeding to construe or enforce the provisions of this Transition Agreement shall be in the Circuit Court in and for Collier County, Florida. SECTION 5.09. THIRD PARTIES. Nothing in this Transition Agreement is intended to inure to the benefit of any third party. SECTION 5.10. ENTIRE AGREEMENT. This Transition Agreement constitutes the entire agreement among the parties pertaining to the subject matter hereof, and supersedes all prior and contemporaneous agreements, understandings, negotiations and discussions of the parties, whether oral or written, pertaining to the transaction contemplated herein, except the Golden Gate interlocal Agreement and any agreements related thereto which shall remain in effect through the Transfer Date should the transaction contemplated in this Transition Agreement fail to close or otherwise be delayed. There are no warranties, representations or other agreements among the parties in connection with the subject matter hereof, except as specifically set forth herein. (Signatures on following pages) 19 9 IN WITNESS WHEREOF, the Board of County Commissioners of Collier County, as the governing board of Collier County, Florida, and ex-officio as the governing board of the Collier County Water-Sewer District, has caused this Utility System Transition Agreement to be executed and delivered this IL/4h day ofjj 2017. BOARD OF COUNTY COMMISSIONERS OF COLLIER COUNTY, as the goierning board of Collier County, Florida, Mid ex-officio as the governing board of the COtLIER. COUNTY WATER-SEWER ms-EgicT "11111111W By: k•--t- Penny Ta r,Chai n ATTEST: DWIGHT E. BrtOgi Clerk I1..t- • .J.‹ . ‘ Deputy Clerk 4 is Attest as to Chairma ,n s. signature only. Approved as to form and legality: Scl e.2e#4, Scott R. Teach Deputy County Attorney 20 9B IN WITNESS WHEREOF, the Florida Governmental Utility Authority has caused this Utility System Transition Agreement to be executed and delivered this 4.1-A day of 1?6u v n.,G.e,t,, 2017. FLORIDA GOVERNMENTAL UTILITY AUTHORITY By: ASKA&,, Lea Ann Thomas, Chair ATTEST: Secretary-Treasurer • 21 9 APPENDIX "A" CCWSD TRANSITION PROJECTS Project Name: Golden Gate LS 4 Collection System Repairs Project No.: GGP09 Engineer: Source, Inc. Engineer WA: SI 17-01 and PO #20170255 Contractor: TBD Status: Currently the Engineer, Source, Inc., has completed the draft bid docs. The draft bid docs need to be reviewed and finalized before the project is advertised for bid. The lift station #4 collection system has severe defects which need to be corrected. This project includes the rehabilitation of the collection system via liners, point repairs, lateral repairs, testing and sealing, and cleaning& televising. Project Name: Golden Gate WWTP DIW & MW Tracer Plan Project No.: N/A—Operational Expense Engineer: CDM Smith, Inc. Engineer WA: CDM 17-01 and PO #20170285 Contractor: TBD, sampling anticipated to be performed by the operator. Status: The Florida Department of Environmental Protection requested that the FGUA further investigate the use of tracers as a method to determine the potential hydraulic connection between the Golden Gate Class I Injection Well and the lower monitoring zones in the on-site dual zone monitoring well. This concern originates from a notice received by FDEP, dated September 1, 2016. The FGUA engaged CDM Smith, Inc. to prepare a written tracer plan for the evaluation of any potential hydraulic connection. As of 8/24/2017 discussions have been held with FDEP regarding the draft tracer plan and based on these discussions the written tracer plan is being finalized. Upon finalization of the tracer plan, a 6-12 month evaluation/sampling period will be performed and based on the results, direction of any future work (if any) will be determined. 16. 9B Project Name: Guaranteed Energy, Water and Wastewater Performance Savings Contract (GG) Project No.: FGUA PO# 20160353, Siemens Project Number 440P-162921 Engineer: Siemens Industry, Inc. Engineer WA:N/A Contractor: Siemens Industry, Inc. Status: This project consists of three Facility Improvement Measures (FIM's): Lighting improvements at the Golden Gate Booster Pump Station, replacing two of the three blowers at the Golden Gate Wastewater Treatment Plant with Neuros high speed turbo blowers, and Advanced Metering Infrastructure (AMI) upgrades. The lighting improvements are currently being scheduled by the Contractor, the Neuros blowers have been delivered (the pre-construction meeting for this FIM is currently scheduled for 9/29/2017), and the AMI upgrades are in- progress. Although this project is anticipated to be substantially complete prior to Collier County acquiring the Golden Gate system, Collier County will be responsible for the annual payments to Siemens Industry, Inc. that are associated with the Performance Assurance Service Program (PASP) as discussed in Schedule C, Article 2 of the Contract once the acquisition has occurred. The PASP is necessary to maintain the savings guarantee provided by the Contract. 9B APPENDIX "B" FGUA TRANSITION PROJECTS FGUA WA FGUA Project JOB COMPLETION Contractor No No. Description Comments DATE LS USWWT 17-58 GGPO1 418 PUMP 41 COMPLETE, 11/7/2016 REPLACEMENT PENDING INVOICE USWWT 17-63 GGPO1 LS 419 REPLACE PUMP 42 COMPLETE, 11/7/2016 PENDING INVOICE USWWT 17-59 TBD GG LS 41 PUMP 42 COMPLETE, 12/13/2016 REPLACEMENT PENDING INVOICE USWWT 17-137 GGP01 GG•LS 413 Pump 41 COMPLETE, 1/5/2017 Replacement PENDING INVOICE GOLDEN GATE-SUPPORT USWWT 17-200 TBD NEW HYDRANT INSTALL COMPLETE, 4/5/2017 AT 12285 COLLIER BLVD PENDING INVOICE REPAIR FORCE MAIN USWWT TBD TBD BREAK(3RD PARTY)AT COMPLETE, 5/9/2017 4916 GOLDEN GATE PENDING INVOICE PKWY REPAIR FORCE MAIN COMPLETE, USWWT 17-222 TBD BREAK AT WHISTLER'S 5/12/2017 GREEN APARTMENTS PENDING INVOICE GG RO WASTE STREAM COMPLETE, USWWT TBD TBD ANALYSIS FOR DIW 5/15/2017 PERMIT RENEWAL PENDING INVOICE GOLDEN GATE 10 INCH USWWT TBD TBD WM BREAK AT 3000 CINGIETE, 5/22/2017 PENDING INVOICE TROPICANA PKWY GG REHAB PUMPS AT USWWT 17-19 GGP03 GREEN BLVD BOOSTER COMPLETE, 5/23/2017 STATION PENDING INVOICE USWWT TBD TBD 10 INCH WM BREAK AT COMPLETE, 5/28/2017 2701 44TH 5T SW PENDING INVOICE GOLDEN GATE 6 INCH USWWT 17-201 TBD WM BREAK AT 5460 COMPLETE, 5/29/2017 LAUREL RIDGE LANE ON PENDING INVOICE GREEN BLVD. 9B Contractor FGUA WA FGUA Project JOB COMPLETION No No. Description Comments DATE E&D REHAB OF TREATMENT Contracting N/A GGP07 UNIT NO.1 GOLDEN CLOSEOUT IN 6/12/2017 Services GATE WWTP PROGRESS GG REPLACE FAILED USWWT 17-135 GGP02 PLANT#1 HYDRO COMPLETE, 6/23/2017 RANGER FLOW METER PENDING INVOICE I REPLACE DIW ANNULUS COMPLETE, USWWT 17-136 GGP02 PRESSURE TANK AND AIR 7/13/2017 COMPRESSOR PENDING INVOICE USWWT 17-07 GGP02 GG WWTP REPLACE COMPLETE, 8/10/2017 CLARIFIER DRIVE#2 PENDING INVOICE SIEMENS METER COMPLETE, USWWT 17-24 GGP05 CHANGEOUT RELATED PENDING INVOICE 8/16/2017 WORK USWWT 17-224 TBD CATWALK AND PLANT til COMPLETE, 8/18/2017 WELDING REPAIRS PENDING INVOICE USWWT 17-127 GGP03 GG WTP TV AND REHAB IN PROGRESS TBD WELLS 1,3,4 USWWT 17-186 TBD TV WELL 02A,tt5,q8,M10 IN PROGRESS TBD AND illi FOR DAMAGE I 3 GOLDEN GATE-CORE USWWT 17-210 TBD DRAIN HOLE FOR OLD IN PROGRESS TBD SULFURIC TANK CONTAINMENT GOLDEN GATE-INSTALL USWWT 17-243 TBD DISCONNECTS FOR HIGH IN PROGRESS TBD SERVICE PUMPS AT WTP GG WWTP INSTALL DIW USWWT 17-47 GGP02 BACKUP GENERATOR IN PROGRESS TBD AND ATS USWWT TBD TBD GOLDEN GATE-DIW IN PROGRESS TBD PUMP q2 FAILURE USWWT TBD TBD GG MEMBRANE IN PROGRESS TBD ELEMENT DAMAGE °tee 98 APPENDIX "C" REAL PROPERTY, EASEMENTS AND INTANGIBLE RIGHTS Real Property Parcel I Water Treatment Plant Site 4781 Green Blvd. Parcel ID No.37920040003 Book 2536, Page 900 "Fract 1, GOLDEN GATE ESTATES, UNIT 26, a Subdivision, according to the Map or Plat thereof on file and recorded in the Office of the Clerk of the Circuit Court, recorded in Plat Book 7, Pages 15 and 16, Public Records of Collier County, Florida; LESS AND EXCEPT that parcel of land conveyed to South Florida Management District described in Quit Claim Deed recorded in Official Records Book 1604, Page 800. Parcel 2 Wastewater Treatment Plant Site 4931 32" Ave. SW Parcel ID No, 36450440006 Book 2536, Page 0900 and Book 2536,Page 0908 All of Blocks 255, 257 and 258, Unit 7, Golden Gate, a Subdivision, according to the Map or Plat thereof on file and recorded in the Office of the Clerk of the Circuit Court, recorded in Plat Book 5, page 135, Public Records of Collier County, Florida. Parcel 3 Wastewater Treatment Plant Site 4300 Golden Gate Pkwy. Parcel ID No. 36560120009 Book 2536, Page 0900 A parcel of land in Collier County, Florida, more particularly described as follows and being a part of the Plat of Tract A of GOLDEN GATE UNIT 8, PART 2, as recorded in Plat Book 9, Page 111, of the Public Records of Collier County, Florida, more particularly described as follows: COMMENCING at the Northwest corner of Tract A; thence running South a distance of 649.27 feet along the West boundary of said Tract A; thence running East 336.31 feet to a point, said point being also described as the POINT OF BEGINNING; thence run North 89° 54' 21" East, a distance of 333.15 feet to a point; thence run North 0° 09' 03" East a distance of 75.04 feet to a point; thence run North 23° 43' 43" East a distance of 104.18 feet to a point; thence run North 9B 470 07' 42" West a distance of 196.55 feet to a point; thence run South 89° 44' 56" West a distance of 184.50 feet to a point; thence run South 50° 09' 46" West a distance of 14.20 feet to a point; thence run South 11° 04' 09" West a distance of 113.36 feet to a point; thence run South 3° 45' 30" West a distance of 183.92 feet to the POINT OF BEGINNING. Parcel 4 Lift Station 4475 23rd Ave. SW Parcel ID No. 35774000000 Book 2536, Page 900 The South 35 feet of the West 35 feet of Lot 1, Block 59, UNIT 2, GOLDEN GATE SUBDIVISION, according to the Map or Plat thereof on file and recorded in the Office of the Clerk of the Circuit Court, recorded in Plat Book 5, Pages 65 thru 77, the Public Records of Collier County, Florida. Note: Any information in this Appendix related to the real property in addition to the actual legal descriptions is provided for informational purposes only. To the extent that the additional information describes land different from the actual legal description, the actual legal description shall control. Easements and Licenses 1. That certain UTILITY EASEMENT dated June 12, 2001, by Collier County to the Florida Governmental Utility Authority, recorded in Official Records Book 2931, Page 1895 of the Public Records of Collier County, Florida. 2. That certain EASEMENT dated July 12, 2002, by Wayne Ruben and Benderson Development Company, Inc., to the Florida Governmental Utility Authority, recorded in Official Records Book 3109, Page 2916 of the Public Records of Collier County, Florida. 3. That certain UTILITY EASEMENT dated March 20, 2003, by Collier County to the Florida Governmental Utility Authority, recorded in Official Records Book 3399, Page 2351 of the Public Records of Collier County, Florida. 4. That certain FlRELINE AND HYDRANT UTILITY EASEMENT dated November 20, 2003 by the District School Board of Collier County, Florida, to the Florida Governmental Utility Authority, recorded in Official Records Book 3491, Page 3483 of the Public Records of Collier County, Florida. 9B 5. That certain UTILITY EASEMENT dated June 23, 2005, by the District School Board of Collier County, Florida, to the Florida Governmental Utility Authority, recorded in Official Records Book 4112, Page 0766 of the Public Records of Collier County, Florida. 6. That certain UTILITY EASEMENT dated June 23, 2005, by the District School Board of Collier County, Florida, to the Florida Governmental Utility Authority, recorded in Official Records Book 4112, Page 0775 of the Public Records of Collier County, Florida. 7. That certain RIGHT-OF-WAY AND EASEMENT dated December 1, 1983, by Avatar Properties, Inc., to Avatar Utilities, Inc., recorded in Official Records Book 1052, Page 1631 of the Public Records of Collier County, Florida, as assigned by that certain ASSIGNMENT OF EASEMENT dated October 27, 2006, by and between Avatar Utilities, Inc., and the Florida Governmental Utility Authority, recorded in Official Records Book 4141, Page 1638 of the Public Records of Collier County, Florida. 8. That certain UTILITY EASEMENT dated March 20, 2008, by the District School Board of Collier County to the Florida Governmental Utility Authority, recorded in Official Records Book 4380, Page 0387 of the Public Records of Collier County, Florida. 9. That certain UTILITY EASEMENT dated May 20, 2008, by Collier County to the Florida Governmental Utility Authority, recorded in Official Records Book 4380, Page 0395 of the Public Records of Collier County, Florida. 10. That certain UTILITY EASEMENT dated June 25, 2008, by Win-Golden Gate Ltd., to the Florida Governmental Utility Authority, recorded in Official Records Book 4386, Page 2934 of the Public Records of Collier County, Florida. 11. That certain UTILITY EASEMENT dated October 17, 2008, by Jose M. Saco and Yvette L. Saco (Husband and Wife) to the Florida Governmental Utility Authority, recorded in Official Records Book 4432, Page 3171 of the Public Records of Collier County, Florida. 12. That certain UTILITY EASEMENT dated November 6, 2009, by Golden Gate Country Club Owners representative to the Florida Governmental Utility Authority, recorded in Official Records Book 4508, Page 1308 of the Public Records of Collier County, Florida. 13. That certain UTILITY EASEMENT dated November 16, 2010, by Diocese of Venice to the Florida Governmental Utility Authority, recorded in Official Records Book 4644, Page 1265 of the Public Records of Collier County, Florida. 14. That certain UTILITY EASEMENT dated April 7, 2011, by West Coast Development Corporation of Naples, Inc., to the Florida Governmental Utility Authority, recorded in Official Records Book 4688, Page 383 of the Public Records of Collier County, Florida. 98 15. That certain UTILITY EASEMENT dated October 31, 2013, by David Lawrence Mental Health Center, Inc., to the Florida Governmental Utility Authority, recorded in Official Records Book 5006, Page 3212 of the Public Records of Collier County, Florida. 16. That certain UTILITY FACILITES AND/OR UTILITIES EASEMENT(S) SUBORDINATION dated February 22, 2008, by U.S. Bank National Association, successor in interest to SunTrust Bank, Trustee, in favor of the Florida Governmental Utility Authority, recorded in Official Records Book 4335, Page 0409 of the Public Records of Collier County, Florida. 17. That certain SUBORDINATION OF MORTGAGE AND SECURITY DOCUMENTS dated May 6, 2011, by Stonegate Bank and Florida Governmental Utility Authority, recorded in Official Records Book 4801, Page 1583 of the Public Records of Collier County, Florida. 18. That certain UTILITY FACILITIES WARRANTY DEED dated June 23, 2005, between the District School Board of Collier County, Florida, and the Florida Governmental Utility Authority, recorded in Official Records Book 4112, Page 0769 of the Public Records of Collier County, Florida. 19. That certain UTILITY FACILITIES WARRANTY DEED dated June 23, 2005, between the District School Board of Collier County, Florida, and the Florida Governmental Utility Authority, recorded in Official Records Book 4112, Page 0772 of the Public Records of Collier County, Florida. 20. That certain UTILITY EASEMENT dated January 15, 1987, between Avatar Properties Inc., and Avatar Utilities Inc. of Florida, recorded in Official Records Book 1251, Page 0790 of the Public Records of Collier County, Florida. 21. That certain NON-EXCLUSIVE & PERPETUAL WATER PIPELINE EASEMENT GRANT dated May 14, 1990, between Barnett Bank of Naples and Florida Cities Water Company, recorded in Official Records Book 1577, Page 0534 of the Public Records of Collier County, Florida. 22. Easements created in that certain QUIT-CLAIM DEED dated February 25, 1985, by and between Domenic D'Agostino, Mario Vocisano, Salvatore Forlani, and Robert Vocisano, a Florida general partnership, and Avatar Utilities, Inc. of Florida, recorded in Official Records Book 1131, Page 1230 of the Public Records of Collier County, Florida. 23. That certain EXCLUSIVE AND PERPETUAL WASTEWATER FORCE MAIN EASEMENT GRANT dated August 11, 1998, between the David Lawrence Foundation for Mental Health, Inc., and Florida Cities Water Company, recorded in Official Records Book 2462, Page 0189 of the Public Records of Collier County, Florida, and re-recorded 9 in Official Records Book 2500, Page 0411 of the Public Records of Collier County, Florida. 24. That certain EXCLUSIVE AND PERPETUAL WASTEWATER PUMPING STATION EASEMENT GRANT dated August 11, 1998, between the David Lawrence Foundation for Mental Health, Inc., and Florida Cities Water Company, recorded in Official Records Book 2462, Page 0199 of the Public Records of Collier County, Florida, and re-recorded in Official Records Book 2500, Page 0421 of the Public Records of Collier County, Florida. 25. That certain GRANT OF EASEMENT dated April 10, 1984, between Ron Flavis and Harry C. Good, as grantors, and Avatar Utilities of Florida, Inc, as grantee, recorded in Official Records Book 1078, Page 1190 of the Public Records of Collier County, Florida. 26. That certain RIGHT-OF-WAY WATER PIPELINE EASEMENT GRANT dated August 21, 1995, between Avatar Properties Inc., and Florida Cities Water Company, recorded in Official Records Book 2096, Page 2196 of the Public Records of Collier County, Florida. 27. The reservation of rights in that certain RIGHT-OF-WAY AND EASEMENT dated September 17, 1984, between Avatar Properties Inc,, as grantor, and Florida Power & Light Corporation, as grantee, recorded in Official Records Book 1102, Page 0252 of the Public Records of Collier County. Florida. 28. That certain unrecorded UTILITY EASEMENT — GOLDEN GATE ELEMENTARY dated June 21, 2001, by The School Board of Collier County, Florida, as grantor, to the Florida Governmental Utility Authority, as grantee. 29. That certain GRANT OF EASEMENT dated September 27, 1982, by Golden Gate Plaza, Ltd., as grantor, to Avatar Utilities, Inc, as grantee, recorded in Official Records Book 0994, Page 1743 of the Public Records of Collier County, Florida. 30. That certain EXCLUSIVE AND PERPETUAL UTILITY EASEMENT GRANT dated September 13, 1989, between Golden Gate Shopping Center Company, and Florida Cities Water Company, recorded in Official Records Book 1561, Page 0421 of the Public Records of Collier County, Florida. 31. That certain EXCLUSIVE AND PERPETUAL UTILITY EASEMENT GRANT dated September 13, 1989, between Golden Gate Shopping Center Company, and Florida Cities Water Company, recorded in Official Records Book 1561, Page 0417 of the Public Records of Collier County, Florida. 32. That certain EXCLUSIVE & PERPETUAL WATER PIPELINE EASEMENT GRANT dated November 21, 1989, between Naples-Green Blvd. Joint Venture and Avatar 9B Utilities Inc. of Florida, recorded in Official Records Book 1491, Page 1368 of the Public Records of Collier County, Florida. 33. That certain EXCLUSIVE & PERPETUAL GRAVITY SEWER MAIN EASEMENT GRANT dated November 21, 1989, between Naples-Green Blvd. Joint Venture and Avatar Utilities Inc. of Florida, recorded in Official Records Book 1491, Page 1351 of the Public Records of Collier County, Florida. 34. That certain unrecorded EASEMENT VACATION dated July 9, 1980, by GAC Utilities Inc. of Florida, in favor of John W. Payne. 35. That certain EXCLUSIVE & PERPETUAL WASTEWATER FORCE MAIN EASEMENT GRANT dated April 6, 1989, between The School Board of Collier County, Florida, and Florida Cities Water Company, recorded in Official Records Book 1452, Page 1435 of the Public Records of Collier County, Florida. 36. That certain EXCLUSIVE AND PERPETUAL WASTEWATER PUMPING STATION EASEMENT GRANT dated April 6, 1989, between The School Board of Collier County, Florida, and Avatar Utilities Inc., of Florida, recorded in Official Records Book 1452, Page 1430 of the Public Records of Collier County, Florida. 37. That certain unrecorded UTILITY EASEMENT dated June 17, 1999, by John J. Nevins, as Bishop of the Diocese of Venice, grantor, to the Florida Governmental Utility Authority, grantee. 38. All other easements, licenses, rights of ingress and egress, right-of-way utilizations and other access rights of any kind used in the operation of the Golden Gate System owned or possessed by the FGUA, whether recorded or unrecorded. 9B APPENDIX"D" WARRANTIES FOR CONSTRUCTION IN PROGRESS Emergency USWWT FGUA FGUA Amount JOB WO Purchase WARRANTY Contractor Tracking WA System Project Description Submitted Comments COMPLETION No. No No. Estimated Order No END DATE Amount /Approved DATE EXTEND 8 INCH USWWT 2570-217 16-305 GG GGP01 FMATCR-951 N/A 20160412 COMPLETE 9/15/2016 9/15/2017 AND PINE 9,373.70 RIDGE ROAD GREEN BLVD USWWT 2570-198 16-232 GG GGP03 BOOSTER N/A 20160375 COMPLETE 9/21/2016 9/21/2017 STATION GST 59,503.90 REPAIRS GG WWTP DRAIN AND USWWT 2570-189 16-248 GG GGP07 CLEAN PLANT N/A 59,471.09 20160369 COMPLETE 9/27/2016 9/27/2017 #2 INCLUDING DIFFUSERS GOLDEN GATE WTP LIGHTNING STRIKE DAMAGED USWWT 2590-576 16-342 GG OP EX NETWORK 7,000.00 6,964.99 N/A COMPLETE 10/10/2016 10/10/2017 CARD FOR TRAIN JI1 AND TUA FLOW METER DISPLAY GG WWTP USWWT 2570-223 17-41 GG OP EX LIGHTNING 20170106 COMPLETE 10/10/2016 10/10/2017 STRIKE 10,000.00 116.44 DAMAGE GG WWTP DIW USWWT 2570-227 17.39 GG OP EX MW INTEGRITY N/A 19,926.54 20170093 COMPLETE 10/28/2016 10/28/2017 TEST IS#18 PUMP 20170182 COMPLETE, USWWT 2570-216 17-58 GG GGPO1 #1 renumber PENDING 11/7/2016 11/7/2017 REPLACEMENT 16,000.00 12,364.54 ed INVOICE 20170226 20170184 COMPLETE, LS USWWT 2570-226 17-63 GG GGP01 q19 REPLACE renumber PENDING 11/7/2016 11/7/2017 PUMP 142 15,000.00 12,888.18 ed INVOICE 20170227 GG LIFT STATION PUMP USWWT 2570-103 16-08 GG GGPO1 REPLACEMENTS N/A 20160068 COMPLETE 12/8/2016 12/8/2017 AND 14,054.84 IMPROVEMENT S GG L5#1 PUMP COMPLETE, USWWT 2570-230 17-59 GG TBD #2 22 000.00 21,803.12 TBD PENDING 12/13/2016 12/13/2017 REPLACEMENT INVOICE GG-LS If13 COMPLETE, USWWT 2570-232 17-137 GG GGP01 Pump 81 20170287 PENDING 1/5/2017 1/5/2018 Replacement 10,000.00 10,83818 INVOICE 9B Emergency USWWT FGUA FGUAAmount JOB WO Purchase WARRANTY Contractor Tracking WA System Project Description Submitted Comments COMPLETION No. No NoEstimated /Approved Order No DATE END DATE Amount USWWT 2570-197 16.193 GG GGP03 WTP CAUSTIC N/A 20160296 COMPLETE 1/6/2017 1/6/2018 FEED SYSTEM 67,788.32 GG WTP HSP#2 USWWT 2570-209 16-277 GG GGP03 DISCHARGE N/A 2,305.68 20160397 COMPLETE 1/10/2017 1/10/2018 VALVE INSTALL AN USWWT 2570-221 17-12 GG GGP03 ARV ON HSP N/A 20170100 COMPLETE 1/10/2017 1/10/2018 DISCHARGE 1,224.95 PIPE GG INSTALL ETHERNET USWWT 2570-218 17-08 GG GGP03 SURGE N/A 3 715.23 20170117 COMPLETE 1/13/2017 1/13/2018 PROTECTION AT WTP INSTALL SODIUM USWWT 2570-215 16-286 GG GGP03 HYDROXIDE N/A 32,822 17 20160415 COMPLETE 1/16/2017 1/16/2018 FEED SYSTEM CONTROL REPLACE WWTP USWWT 2570-190 17-36 GG GGP02 CHLORINE N/A 20170105 COMPLETE 1/20/2017 1/20/2018 PUMP SKID 25,125.40 AND CHLORINE PUMP#3 GOLDEN GATE BAC-T TESTING USWWT 2570-234 17-167 GG OPEX FOR N/A 20170289 COMPLETE 1/25/2017 1/25/2018 INSPECTIONS 660.46 AT GOLDEN GATE REPLACE TUA USWWT 2570-203 17-125 GG GGP03 DRIVE UNIT AT 20170265 COMPLETE 1/27/2017 1/27/2018 THE GOLDEN 10,000.00 25,124.72 GATE WTP GG REPLACE CHECK VALVE USWWT 2570-210 17-04 GG GGP03 FOR PUMP IID N/A 20170116 COMPLETE 2/3/2017 2/3/2018 AT GREEN BLVD 8,866.87 BOOSTER STATION REPLACE GREEN BLVD USWWT 2570-219 17-09 GG GGP03 BOOSTER N/A 20170099 COMPLETE 2/3/2017 2/3/2018 STATION PUMP 38,530.26 ISOLATION VALVES DISPOSE OF OLD BULK USWWT 2570-231 17-148 GG OP EX SULFURIC ACID 20170257 COMPLETE 2/21/2017 2/21/2018 (H2SO4)AT 10,000.00 13,986.28 GOLDEN GATE WTP WELL#5 USWWT 2570-235 17-114 GG GGP03 REPLACE N/A 20170193 COMPLETE 3/9/2017 3/9/2018 ISOLATION AND 3,901.66 CHECK VALVE 9B Emergency USWWT FGUA FGUAEmergAmount WO Purchase JOB LE WARRANTY Contractor Tracking WA System Project Description Submitted Comments COMPLETION No, No No. Estimated /Approved Order No DATE END DATE Amount GG REPLACE 41 III 2570-220 17-13 GG GGP03 LIME SLURRY N/A 16,917.54 20170101 COMPLETE 3/21/2017 3/21/2018 PUMP GOLDEN GATE- SUPPORT NEW COMPLETE, USWWT 2570-245 17-200 GG TBD HYDRANT N/A TBD PENDING 4/5/2017 4/5/2018 INSTALL AT 1,500.59 INVOICE 12285 COLLIER BLVD WTP IPS PUMP 2570 238 17-131 GG GGP03 #2 N/A 7,505.58 20170247 COMPLETE 4/12/2017 4/12/2018 REPLACEMENT REPAIR FORCE MAIN BREAK COMPLETE, USWWT 2510-03 TBD GG TBD (3RDPARTY)AT 10000 TBD PENDING 5/9/2017 5/9/2018 4916 GOLDEN INVOICE GATE PKWY REPAIR FORCE MAIN BREAK AT COMPLETE, USWWT 2570-250 17-222 GG TBD WHISTLER'S TBD PENDING 5/12/2017 5/12/2018 GREEN 10,000.00 6,740:66 INVOICE APARTMENTS GG RO WASTE STREAM COMPLETE, 2570 249 TBD GG TBD ANALYSIS FOR TBD TBD TBD PENDING 5/15/2017 5/15/2018 DIW PERMIT INVOICE RENEWAL INSTALL PH USWWT 2570-222 17-66 GG MONITORING N/A 20170185 COMPLETE 5/16/2017 5/16/2018 AT FINISHED 6,979.93 WATER GOLDEN GATE 10 INCH WM COMPLETE, USWWT 2570-254 TBD GG TBD BREAK AT 3000 TBD TBD PENDING 5/22/2017 5/22/2018 TROPICANA 5'�'00 INVOICE PKWY GG REHAB PUMPS AT COMPLETE, USWWT 2570-211 17.19 GG GGP03 GREEN BLVD N/A 20170118 PENDING 5/23/2017 5/23/2018 BOOSTER 55,993.17 INVOICE STATION 10 INCH WM COMPLETE, USWWT 2570-XX TBD GG TBD BREAK AT 2701 TBD TBD PENDING 5/28/2017 5/28/2018 44TH ST SW 10' '00 INVOICE GOLDEN GATE 6 INCH WM COMPLETE, BREAK AT 5460 1111 2570-255 17-201 GG TBD LAUREL RIDGE 15,000.00 6,687.51 TBD PENDING 5/29/2017 5/29/2018 J LANE ON INVOICE GREEN BLVD. GOLDEN GATE WWTP- UPGRADE THE USWWT 2570-246 17-165 GG GGP02 DIFFUSER N/A 20170288 COMPLETE 6/12/2017 6/12/2018 SOCKS& 9,865.29 INSTALL 30 NEW 9B Emergency USWWT FGUA FGUA WO Amount Purchase JOB WARRANTY Contractor Tracking WA System Project Description Submitted Comments COMPLETION No. No No. Estimated Approved Order No DATE END DATE Amount' DIFFUSERS FOR PLANT#1 1 REHAB OF 1 E&D TREATMENT CLOSEOUT Contracting N/A N/A GG GGP07 UNIT NO.1 N/A 1,044,075.0 20170167 IN 6/12/2017 6/12/2018 Services GOLDEN GATE 0 PROGRESS WWTP GG REPLACE FAILED PLANT COMPLETE, USWWT 2570-236 17-135 GG GGP02 #1 HYDRO N/A 4 800:39 20170198 PENDING 6/23/2017 6/23/2018 RANGER FLOW INVOICE METER GG WWTP DRAIN AND USWWT 2570-186 16-247 GG GGP07 CLEAN PLANT N/A 97 217 92 20160370 COMPLETE 6/26/2017 6/26/2018 #1 FOR PLANT REHAB WORK REPLACE DIW ANNULUS COMPLETE, USWWT 2570-239 17-136 GG GGP02 PRESSURE N/A 18,475.84 20170199 PENDING 7/13/2017 7/13/2018 TANK AND AIR INVOICE COMPRESSOR GG WWTP REPLACE COMPLETE, USWWT 2570-205 17-07 GG GGP02 N/A 20170124 PENDING 8/10/2017 8/10/2018 CLARIFIER 34,575.19 INVOICE DRIVE#2 - SIEMENS COMPLETE, USWWT 17•24 GG GGPOS CHANGEOUT N/A 22,424.71 20170042 PENDING 8/16/2017 8/16/2018 INVOICE RELATED WORK — CATWALK AND PLANT pl COMPLETE, USWWT 2570-259 17.224 GG TBD N/A TBD PENDING 8/18/2017 8/18/2018 I WELDING 25,926.99 INVOICE REPAIRS GG WTP TV USWWT 2570-225 17-127 GG GGPO3 AND REHAB N/A IN 4$016.19 20170195 PROGRESS TBD TBD WELLS 1,3,4 TV WELL#2A, USWWT 2570-252 17-186 GG TBD q5,t18,#10N/A TBD IN TBD TBD AND#11 FOR 41,468.82 PROGRESS DAMAGE GOLDEN GATE CORE DRAIN IN USWWT 2570-253 17-210 GG TBD HOLE FOR OLD N/A 1,288.69 T80 PROGRESS TBD TBD SULFURIC TANK CONTAINMENT GOLDEN GATE- I INSTALL USWWT 2570-260 17-243 GG TBD DISCONNECTS N/A TBD IN TBD TBD FOR HIGH 37,489.86 PROGRESS SERVICE PUMPS AT WTP _ GG WWTP INSTALL DIW IN USWWT 2570-201 17-47 GG GGP02 BACKUP N/A 61,538,69 20170119 PROGRESS TBD TBO GENERATOR AND ATS 9B USWWT FGUA FGUA Emergency Amount JOB Contractor Tracking WA System Project Description WO Submitted Purchase Comment COMPLETION WARRANTY No. No No. Estimated Order No END DATE Amount Approved DATE GUARANTEED ENERGY, WATER AND SIEMENS N/A N/A GG WASTEWATER N/A 1,040,387.0 20160353 IN TBD TBD PERFORMANCE 0 PROGRESS SAVINGS CONTRACT GOLDEN GATE- IN USWWT 2570-Z61 TBD GG TBD DIW PUMP#2 20,00000 TBD TBD PROGRESS TBD TBD FAILURE GG MEMBRANE USWWT 2570-240 TBD GG TBD ELEMENT TBD TBD 1N TBD TBD DAMAGE 70,000.00 PROGRESS APPENDIX"E" 9 PERMITS WATER Florida Department of Environmental Protection Public Water System ID No. 5110117 South Florida Water Management District Water Use Permit No. 11-00148-W (Issued March I, 2010-Expires March 10, 2030) WASTEWATER Florida Department of Environmental Protection Domestic Wastewater Facility Permit No. FLA 142140 (Issued June 16, 2015- Expires June 15, 2020) CLASS I INJECTION SYSTEM Florida Department of Environmental Protection IW-1 Operation Permit No. 263889-003-U0R I (Issued July 16, 2012-Expired July 15, 2017-Renewal application pending) 9B APPENDIX "F" INVENTORY OF EQUIPMENT FGUA OWNED EQUIPMENT IN GOLDEN GATE NO. ITEM YEAR MAKE CONDITION 1 John Deere Tractor with mower&pull behind disc John Deere Good 2 Portable Generator Good 3 Toro Lawn Mower 2017 Toro 3C00 series Z master 25.5HP Excellent 4 &Inch Trash Pump Marrow Poor 5 Lab Incubator @ WWTP Fisher Scientific Good 6 Lab Oven @ WWTP Blue M Good 7 Weigh scales @ WWTP Fisher Scientific Good 8 Microscope Micrornaster Good 9 SCBA equipment @ WTP Raco Average,haven't been certified and no longer in use 10 SCBA equipment @ WTP Scott Average,haven't been certified and no longer in use 11 3•Power Data Loggers 500a @ WWTP Good 98 APPENDIX"G" ESTIMATED INVENTORY LEVELS—PARTS, CHEMICALS, AND RESIDUALS Miscellaneous Parts Location Name/Description Category Size Qty Golden Gate comp, x male coupling Brass parts 3/4" 1 Golden Gate comp.x male coupling Brass parts I" 1 Golden Gate comp x female coupling Brass parts 1" l Golden Gate 3"nipple Brass parts 3/4" ] Golden Gate 6" nipple Brass parts 3/4" 1 Golden Gate 12"nipple Brass parts 3/4" 1 Golden Gate comp. x comp.coupling Brass parts 1" 2 Golden Gate comp. x comp.coupling Brass parts 2" 2 Golden Gate meter spud Brass parts I" 2 Golden Gate meter spanner Brass parts 3/4" 2 Golden Gate meter spanner Brass parts 1" 2 Golden Gate corp. stop Brass parts 3/4" 2 Golden Gate corp. stop Brass parts 1" 2 Golden Gate meter yoke Brass parts I" 2 Golden Gate 3" nipple Brass parts 1-112" 2 Golden Gate fern x fern valve Brass parts 1"__ 4 Golden Gate meter yoke Brass parts 3/4" 4 Golden Gate com . x com cou lin Brass parts 3/4" 5 Golden Gate meter spud Brass parts 3/4" 6 Golden Gate fern x fern valve Brass parts 3/4" 6 Golden Gate comp.x comp. valve Brass parts 3/4" 10 Golden Gate comp. x comp. valve Brass parts 1" 10 Golden Gate wrap around repair bands Misc Parts 12" 2 Golden Gate tapping saddle Misc Parts 12" 2 Golden Gate wrap around repair bands Misc Parts 4" 2 Golden Gate hi-max Misc Parts 10" 2 96 Location Name/Description Category Size Qty Golden Gate tapping saddle Misc Parts 4" 2 Golden Gate tapping saddle Misc Parts 10" 2 Golden Gate mechanical sleeve Misc Parts 8" 2 Golden Gate mega lug Misc Parts 8" 2 Golden Gate flange Misc Parts 6" 2 Golden Gate flange Misc Parts 8" 2 Golden Gate flange Misc Parts . 10" 2 Golden Gate meter boxes(double w/lid) _,. Misc Parts 2 Golden Gate wrap around repair bands Misc Parts 2" 3 Golden Gate , wrap around repair bands Misc Parts 10" 3 Golden Gate tapping saddle Misc Parts 6" 3 Golden Gate valve box Misc Parts 3 Golden Gate _ wrap around repair bands Misc Parts 6" 4 Golden Gate hi-max Misc Parts 6" 4 Golden Gate hi-max Misc Parts 8" 4 Golden Gate wrap around repair bands Misc Parts 8" 5 Golden Gate tapping saddle Misc Parts 8" 6 Golden Gate valve box lid Misc Parts 8 Golden Gate meter boxes(single w/lid) Misc Parts 12 Golden Gate Green Paint Misc Parts 16 Golden Gate Blue Paint Misc Parts 18 Golden Gate Green Flags Misc Parts 300 Golden Gate Blue Flags Misc Parts 1500 Golden Gate slip x slip coupling PVC Parts 1-1/2" 1 Golden Gate female adapter PVC Parts 2" 1 Golden Gate male adapter PVC Parts 3/4" 1 Golden Gate male adapter PVC Parts I" 1 Golden Gate slip x slip 45 PVC Parts 2" 2 Golden Gate union PVC Parts 3/4" 2 Golden Gate union PVC Parts 1-1/2" 2 Golden Gate comp.coupling PVC Parts 2" 2 98 Location Name/Description Category Size Qty Golden Gate comp.coupling PVC Parts 3" 2 Golden Gate comp. coupling PVC Parts 4" 2 Golden Gate comp. coupling PVC Parts 1" 3 Golden Gate slip x slip coupling PVC Parts 3" 4 Golden Gate slip x slip coupling PVC Parts 6" 4 Golden Gate slip x slip 45 PVC Parts 1-1/2" 4 Golden Gate slip cap PVC Parts 2" 5 Golden Gate slip x slip coupling PVC Parts 4" 6 Golden Gate 12"nipple PVC Parts 1-1/2" 6 Golden Gate slip x slip x slip"T'' PVC Parts 2" 6 Golden Gate female adapter PVC Parts 1" 7 Golden Gate female adapter PVC Parts 3/4" 10 Golden Gate slip x slip 45 PVC Parts I" 10 Golden Gate slip x slip 90 PVC Parts 1" 10 Golden Gate slip x slip 90 PVC Parts 3" 10 Golden Gate female cap PVC Parts 1-1/2" 10 Golden Gate slip cap PVC Parts 1-1/2" 10 Golden Gate slip x slip x slip"T" PVC Parts 3/4" 10 Golden Gate slip x slip coupling PVC Parts 2" 12 Golden Gate male adapter PVC Parts 2" 12 Golden Gate 6"nipple PVC Parts 1-1/2" 12 Golden Gate sli. x sli. cou.lin: PVC Parts 3/4" 15 _ Golden Gate slip x slip coupling PVC Parts Iu 15 Golden Gate slip x slip 45 PVC Parts 3/4" 15 Golden Gate slip x slip 90 PVC Parts 3/4" 15 Golden Gate slip x slip 90 PVC Parts 2" 15 Golden Gate slip x slip x slip"T" PVC Parts 1-1/2" 15 9B EXISTING CHEMICALS, DIESEL AND OTHER BULK PRODUCTS-TARGET LEVELS FOR COLLIER COUNTY TRANSITION PROJECT: Golden Gate WTP GROSS SIZE TARGET OF STORAGE INVENTORY ITEM Units LEVELS FOR PERCENT OF CONTAINER STORAGE (GALLONS/FT) TRANSITION Diesel Fuel - Plant Generator (Gallons) 2,000 1,000 50.00% Sodium Hypochlorite (Bleach) (Gallons) 4,000 2,000 50.00% Hydrofluosilisic Acid (Gallons) 325 163 50.00% Pebble Lime (Pounds) 75,000 37,500 50.00% Ammonium Sulfate (Gallons) 1,050 525 50.00% Caustic Soda (Gallons) 1,550 , 775 50.00% Lime Sludge (Gallons) 125,000 62,500 50.00% PROJECT: Golden Gate Booster Station GROSS SIZE TARGET OF STORAGE INVENTORY ITEM Units LEVELS FOR PERCENT OF CONTAINER STORAGE (GALLONS/FT) TRANSITION Diesel Fuel - Generator (Gallons) 1,000 500 50.00% Total PROJECT: Golden Gate WWTP GROSS SIZE TARGET 1 OF STORAGE INVENTORY ITEM Units LEVELS FOR PERCENT OF CONTAINER STORAGE (GALLONS/FT) TRANSITION Diesel Fuel - Plant Generator (Gallons) 2,005 1,003 50.00% Diesel Fuel - DIW Generator (Gallons) 545 273 50.00% Sodium Hypochlorite (Bleach) (Gallons) 2,363 1,182 50.00% Sludge (Gallons) 300,000 150,000 50.00% APPENDIX "H" 9 B OPERATING AND VENDOR CONTRACTS 1. U.S. Water/Wade-Trim; Amended and Restated General Terms and Conditions Agreement; December 2013. 2. U.S. Water/Wade-Trim; Amendment to Amended and Restated General Terms and Conditions Agreement; February 2014. 3. U.S. Water/Wade-Trim; Compensation Agreement for Operations and Maintenance and Customer Service and Billing for Golden Gate; March 2011. 4. U.S. Water/Wade-Trim; Amendment to Compensation Agreement for Operations and Maintenance and Customer Service and Billing for Golden Gate; March 2016. 5. Government Services Group; Amended and Restated Management Services Agreement; November 2013. 6. Government Services Group; Amendment to Amended and Restated Management Services Agreement; October 2014. APPENDIX "I" B AGREEMENTS ENCUMBERING THE SYSTEM 1. That certain Agreement Between Collier County and the Florida Governmental Utility Authority for Provision of Wastewater Service for FPL Service Center and Retail Service, dated January 10, 2017, by the Board of County Commissioners of Collier County as the governing body of Collier County and Ex-Officio as the Governing Board of the Collier County Water-Sewer District, and the Florida Governmental Utility Authority, recorded in Official Records Book 5353, Page 2584 of the public records of Collier County, Florida. 2. That certain Agreement for Wastewater Service for Brooks Village Commercial Development on the Southwest Corner of County Road 951 & Pine Ridge Road Collier County, Florida, dated January 18, 2007 by the Board of County Commissioners of Collier County, Florida, as the governing body of Collier County and Ex-Officio as the Governing Board of the Collier County Water-Sewer District, and the Florida Governmental Utility Authority. 3. That certain Guaranteed Energy Water and Wastewater Performance Savings Contract, dated July 25, 2016, by and between the Florida Governmental Utility Authority and Siemens Industry, Inc. 4. That certain Parkway Promenade Lease, dated June 1, 2016, between Richardson Holdings of Naples, LLC, and Florida Governmental Utility Authority. Lessor's consent is required for assignment of the lease. 5. That certain Utility Infrastructure Conveyance and Service Agreement, dated March 15, 2007, by and between the Florida Governmental Utility Authority and Sembler Family Partnership #41, Ltd., recorded in Official Records Book 4223, Page 4135, of the public records of Collier County, Florida. 6. That certain Utility Infrastructure Conveyance and Service Agreement, dated September 19, 2007, by and between the Florida Governmental Utility Authority and Park East Development, Ltd., recorded in Official Records Book 4416, Page 1313, of the public records of Collier County, Florida. 7. That certain Utility Infrastructure Conveyance and Service Agreement, dated September 20, 2007, by and between the Florida Governmental Utility Authority and Win-Golden Gate, Ltd., recorded in Official Records Book 4302, Page 2643, of the public records of Collier County, Florida. 8. That certain Utility Infrastructure Conveyance and Service Agreement, dated April 17, 2008, by and between the Florida Governmental Utility Authority and The District School Board of Collier County, recorded in Official Records Book 4357, Page 1528, of the public records of Collier County, Florida. 96 9. That certain Water and Wastewater Utility Infrastructure Conveyance and Service Agreement, dated May 15, 2008, by and between the Florida Governmental Utility Authority and Collier County, recorded in Official Records Book 4368, Page 0591, of the public records of Collier County, Florida. 10. That certain Utility Infrastructure Conveyance and Service Agreement, dated June 13, 2008, by and between the Florida Governmental Utility Authority and Naples Parkway Community Church of God, recorded in Official Records Book 4380, Page 0376, of the public records of Collier County, Florida. 11. That certain Utility Infrastructure Conveyance and Service Agreement, dated September 18, 2008, by and between the Florida Governmental Utility Authority and Jose Saco and Yvette Saco, husband and wife, recorded in Official Records Book 4398, Page 1284, of the public records of Collier County, Florida. 12. That certain Utility Infrastructure Conveyance and Service Agreement, dated December 12, 2008, by and between the Florida Governmental Utility Authority and West Coast Development Corporation of Naples, Inc., recorded in Official Records Book 4416, Page 1303, of the public records of Collier County, Florida. 13. That certain Utility Infrastructure Conveyance and Service Agreement, dated September 17, 2009, by and between the Florida Governmental Utility Authority and Diocese of Venice, recorded in Official Records Book 4497, Page 2737, of the public records of Collier County, Florida. 14. That certain Utility Infrastructure Conveyance and Service Agreement, dated March 18, 2010, by and between the Florida Governmental Utility Authority and Messiah Lutheran Church Inc. of Golden Gate, recorded in Official Records Book 4549, Page 1548, of the public records of Collier County, Florida. 15. That certain Utility Infrastructure Conveyance and Service Agreement, dated December 17, 2009, by and between the Florida Governmental Utility Authority and C&E Love, Inc., recorded in Official Records Book 4527, Page 0105, of the public records of Collier County, Florida. 16. That certain Utility Infrastructure Conveyance and Service Agreement, dated August 19, 2010, by and between the Florida Governmental Utility Authority and Diocese of Venice, recorded in Official Records Book 4606, Page 0730, of the public records of Collier County, Florida. 17. That certain Utility Infrastructure Conveyance and Service Agreement, dated August 19, 2010, by and between the Florida Governmental Utility Authority and David Lawrence Foundation for Mental Health, Inc., recorded in Official Records Book 4606, Page 0719, of the public records of Collier County, Florida. 18. That certain Utility Infrastructure Conveyance and Service Agreement, dated April 21, 2011, by and between the Florida Governmental Utility Authority and Naples Bridge 98 Center, Inc., recorded in Official Records Book 4679, Page 0967, of the public records of Collier County, Florida. 19. That certain Utility Infrastructure Conveyance and Service Agreement, dated July 21, 2011, by and between the Florida Governmental Utility Authority and Corporation of the Presiding Bishop of the Church of Jesus Christ of Latter-Day Saints, recorded in Official Records Book 4711, Page 3387, of the public records of Collier County, Florida. 20. That certain Utility Infrastructure Conveyance and Service Agreement, dated May 19, 2011, by and between the Florida Governmental Utility Authority and Grace Place for Children and Families, Inc., recorded in Official Records Book 4688, Page 0367, of the public records of Collier County, Florida. 21. That certain Utility Infrastructure Conveyance and Service Agreement, dated October 18, 2012, by and between the Florida Governmental Utility Authority and Reel Interest Property Group d/b/a RIPG, recorded in Official Records Book 4857, Page 0577, of the public records of Collier County, Florida. 22. That certain Utility Infrastructure Conveyance and Service Agreement, dated February 14, 2013, by and between the Florida Governmental Utility Authority and CLIS Holding Group, LLC, recorded in Official Records Book 4895, Page 1757, of the public records of Collier County, Florida. 23. That certain Utility Infrastructure Conveyance and Service Agreement, dated December 19, 2013, by and between the Florida Governmental Utility Authority and Ministerio Internacional El Rey Jesus/Naples, Inc., recorded in Official Records Book 5006, Page 3223, of the public records of Collier County, Florida. 24. That certain Utility Infrastructure Conveyance and Service Agreement, dated December 8, 2014, by and between the Florida Governmental Utility Authority and Kelvin Donarine, a married man, and Anand Deonarine, a married man, recorded in Official Records Book 5116, Page 0835, of the public records of Collier County, Florida. 25. That certain Utility Infrastructure Conveyance and Service Agreement, dated October 7, 2014, by and between the Florida Governmental Utility Authority and Naples Christian Academy Association, Inc., recorded in Official Records Book 5087, Page 0699, of the public records of Collier County, Florida. 26. That certain Utility Infrastructure Conveyance and Service Agreement, dated August 8, 2016, by and between the Florida Governmental Utility Authority and Black River Rock, LLC, recorded in Official Records Book 5311, Page 0434, of the public records of Collier County, Florida. 27. That certain Utility Infrastructure Conveyance and Service Agreement, dated October 11, 2016, by and between the Florida Governmental Utility Authority and Palmetto Naples- Golden Gate Parkway, LLC, recorded in Official Records Book 5330, Page 3573, of the public records of Collier County, Florida. 98 28. That certain Utility Infrastructure Conveyance and Service Agreement, dated September 29, 2016, by and between the Florida Governmental Utility Authority and Naples Bridge Center, Inc., recorded in Official Records Book 5324, Page 2619, of the public records of Collier County, Florida. 29. That certain Water and Sewer Utility Infrastructure Conveyance and Service Agreement, dated April 19, 2001, by and between the Florida Governmental Utility Authority and District School Board of Collier County. 30. That certain Water and Sewer Utility Infrastructure Conveyance and Service Agreement, dated July 19, 2001, by and between the Florida Governmental Utility Authority and Worthwile Development III, Ltd. 31. That certain Water Utility Infrastructure Conveyance and Service Agreement, dated February 21, 2003, by and between the Florida Governmental Utility Authority and Collier County, recorded in Official Records Book 3399, Page 2355, of the public records of Collier County, Florida. 32. That certain Covenant to Cooperate, dated April 7, 1999, by and between the Florida Governmental Utility Authority and Avatar Utilities, Inc., recorded in Official Records Book 2536, Page 0917 of the public records of Collier County, Florida. 33. That certain Transfer, Assignment and Assumption Agreement (Golden Gate System — Collier County), dated April 7, 1999, by and between the Florida Governmental Utility Authority and Florida Cities Water Company, recorded in Official Records Book 2536, Page 0921 of the public records of Collier County, Florida. 34. That certain Subordination of Utility Interests, dated January 30, 2015, by and between Collier County and the Florida Governmental Utility Authority, recorded in Official Records Book 5117, Page 0015 of the public records of Collier County, Florida. 9 APPENDIX "J" INSURANCE POLICIES Florida Govermental Utility Authority Carrier Name Carrier Address Policy Number Type of Coverage Provided Property,Inland Marine,General 400 Horsham Rd,P.O.Box Liability,Professional Liability, Arch Insurance Company GWPKG0212700 1957 Horsham PA 19044 Employee Benefits Liability,Automobile Liability 400 Horsham Rd,P.O.Box Arch Insurance Company GWFXS0212700 Excess Liability 1957 Horsham PA 19044 3655 North Point Pkwy., Maxum Indemnity Company Suite 500 Alpharetta, 6029554-01 Excess Flood Georgia 30005 505 Eagleview Blvd Suite Indian Harbor Insurance Company 100 Exton PA 19341 PEC003886901 Pollution APPENDIX "K" 9 B REAL PROPERTY CLAIMS OR DISPUTES [Attach letter with exhibits thereto— Vocisano & Romer letter 09.27.10.pdfl 9B APPENDIX "L" REGULATORY COMPLIANCE Golden Gate Wastewater Treatment Plant- Administrative Order(Golden Gatel As part of the recent renewal in 2015 of the Golden Gate WWTP Operating Permit, FDEP included an Administrative Order AO-20150616-SD to complete certain deficient items. For ease of reference the status of each item is noted next to the required completion date. Required Improvement Action Req'd Compl. Current Status Date Provide the Department a revised and accurate Process Flow Diagram that includes the demineralization concentrate line 7/31/2015 Completed within required date to the effluent PS In accordance with the table contained in Section 6 on page 27 of the revised O&M Performance Report. the permittee 12/31/2015 Completed within required date shall conduct inspections for rust,and evaluate and catalog the areas of urgency for repair 6/30/2016 Project was bid Fall 2016.NTP The permittee shall complete repair to the rusted parts was issued January 16,2017 and cataloged for urgency pursuant to item Ill. 1.2 of this AO- Extended to as of 8/24/2017 the project is 20150616-SD. 8/1/2017 substantially complete Installation has been completed The permittee shall install and calibrate a flow measuring for a V-Notch Weir Box to device to accurately measure the flow from the effluent 1/31/2016 measure accurate flow to the pump station to the to the percolation ponds R-001. ponds. * Regarding the blending of demineralization concentrate with reclaimed water:the permittee shall either obtain a variance Petition for Variance Relief was which grants relief from Rule 62-610.865, F.A,C.,or shall submitted in November 2015. fully comply with Rule 62-610.865,F.A.C.,which requires Questions were received from an engineering report,evaluation of vegetation tolerance, the FDEP in December 2015 and additional parameter limits,an enforceable blending ratio, 6/30/2016 responses submitted.On June 2, , " continuous monitoring equipment,and other specific 2016FDEP issued Final Order requirements.(The Department understands that blending Granting Petition for Variance concentrate with reclaimed water is done very infrequently from Rule 62-610.865,F.A.C." and that the FGUA might choose to petition for variance This item now completed. relief from strict application of rule requirements.) * The FGUA is also proceeding with installation of an Emergency Generator for the injection pump station which would complement the measuring device and pay for itself by savings in chemicals. As of 8/24/2017 all items associated with the administrative order have been completed. Notification and closeout of the administrative order should be completed sometime in September 2017. Golden Gate Wastewater Treatment Plant—Dual Zone Monitoring Well 9 B A notice was received from the FDEP dated September 1, 2016 regarding concerns with monitoring data from the FGUA Golden Gate WTP and the WWTP Class I Injection System. Data from the zones being monitored indicate that similar water quality parameters exist in zones that previously had been different. FDEP's concerns relate to possible malfunctioning of the well such that it cannot reliably monitor for fluid movement, and or that fluid movement may be occurring. FGUA Consultant CDM Smith conducted a field study and prepared a technical evaluation dated December 16, 2016. Video inspection indicated no mechanical defects in the well and no corrective actions are recommended to the dual zone monitoring well.The evaluation also concluded that it is highly unlikely that operating pressures would initiate fracturing in the confining zone above the injection interval. It is possible that natural leakance is occurring between the monitored intervals. The evaluation recommends that geochemical evaluation of the monitor zone water quality data be conducted, involving sampling of the comingled waste stream and tracing parameters such as phosphorus and radionuclides. Work authorization No. CDM 17-01 was issued to CDM Smith to prepare a written tracer study for the evaluation of the potential hydraulic connection between the Class 1 Injection Well and the lower monitoring zones in the on-site dual zone monitoring well. As of 8/24/2017 the draft written tracer study has been completed by CDM and discussions have been held with FDEP regarding the plan. Direction was given by FDEP and the final tracer plan is being prepared. Upon completion of the written tracer plan there will be a 6-12 month evaluation/sampling period. It is possible that upon conclusion of the tracer study, there may be no clear indication as to the cause of the water quality issues. It is uncertain what requirements, if any, the FDEP may impose on the facility, but it could include a new replacement monitor well, or that high level disinfection be implemented at the wastewater plant. Golden Gate Water Treatment Plant — Water QualitN, The Golden Gate WTP and water system strives to keep water quality within acceptable limits to meet all lead and copper rule requirements. As background, corrosion has exceeded certain allowable limits and as a result the FGUA was required to perform more frequent lead and copper sampling and monitoring. In addition, a corrosion control system is required to be implemented to address the water quality issues. As background, the FGUA completed a Water Quality Analysis project in 2013 with FGUA consultant Tetra Tech that recommended various chemical process modifications to address water quality issues at the plant. The FGUA initiated a chemical conversion project for disinfection that involved switching from anhydrous ammonia to ammonium sulfate. The work was accomplished with contract operator US Water Services / Wade Trim through Work Authorization USWWT #16-44 and was completed and put into operation in October 2016. 9B The FGUA further evaluated water quality related to results from its sampling and monitoring plan required by the lead and copper rule. With the assistance of the Florida Rural Water Association, the FGUA subsequently prepared and implemented a corrosion control treatment project in 2016 through Work Authorization USWWT#'s 16-193 and 16-286.The work included a new chemical feed system for sodium hydroxide which was completed in January 2017 and is currently in operation. Additional lead and copper sampling will continue to be imposed on the system until a track record of staying within allowable limits has been established 9B Memorandum TO: Minutes & Records Management FROM: C. Perry Peeples, Real Property Management DATE: March 1, 2018 RE: FGUA Transition-Acquisition by CCWSD On November 14, 2017, the BCC approved Agenda Item 9.B, Resolution 2017-222, approving the Utility System Transition Agreement with Florida Governmental Utilities Authority (FGUA) and authorizing the acquisition of the real property assets of FGUA. Attached, please find the following: 1. Special Warranty Deed 2. Surveyor's Affidavit 3. Assignment and Assumption of Easements 4. Bill of Sale 5. Affidavit Please record the documents using the recording form attached. Please contact me if you have any questions or comments at Extension 8073 or perrypeeples@colliergov.net, Thank you, 9B INSTR 5518000 OR 5482 PG 1730 RECORDED 3/1/2018 3.19 PM PAGES 8 DWIGHT E. BROCK. CLERK OF THE CIRCUIT COURT COLLIER COUNTY FLORIDA REC$69 50 Prepared by and return to: Scott Teach.Esq Office of the Collier County Attorney 3299 East Tamiami Trail,Suite 800 Naples,Florida 34112 /.Vote to Recorder: Pursuant to Sections 199.183(1) and 201.01, Florida Statutes, and Rule 12B-4.014(10), Florida Administrative Code, this deed is not subject to Documentary Stamp Taxes or Intangibles Taxes] SPECIAL WARRANTY DEED THIS SPECIAL WARRANTY DEED effective as of the 1st day of March, 2018, by the FLORIDA GOVERNMENTAL UTILITY AUTHORITY, a public body and legal entity created by interlocal agreement pursuant to Section 163.01(7)(g), Florida Statutes, whose address is 1500 Mahan Drive, Suite 250, Tallahassee, Florida 32308, hereinafter called"Grantor,"to the BOARD OF COUNTY COMMISSIONERS OF COLLIER COUNTY, FLORIDA, AS THE GOVERNING BODY OF COLLIER COUNTY AND EX-OFFICIO AS THE GOVERNING BOARD OF THE COLLIER COUNTY WATER-SEWER DISTRICT, a political subdivision of the State of Florida and a body corporate and politic created by special law, as codified in Chapter 2003-353, Laws of Florida, whose address is 3339 Tamiami Trail East, Suite 301,Naples, Florida 34112, hereinafter called"Grantee"; WITNESSETH: That Grantor, for and in consideration of the sum of $10.00 and other valuable considerations, receipt whereof is hereby acknowledged, by these presents does hereby grant, bargain. sell, alien, remise, release, convey and confirm unto Grantee all that certain land situated in Collier County, Florida as shown and more particularly described on Exhibit "A" attached hereto and incorporated herein(the "Property"). TOGETHER with all the tenements, hereditaments and appurtenances thereto of Grantor belonging or in anyway appertaining to the Property, including but not limited to, all water and wastewater facilities of every kind and nature lying within the Property and all appurtenant easement rights for the operation, installation and maintenance of said facilities. TO HAVE AND TO HOLD,the same in fee simple forever. AND Grantor, for itself and its successors, hereby covenants with said Grantee and Grantee's successors and assigns that Grantor is lawfully seized of the Property in fee simple; that Grantor has good, right and lawful authority to sell and convey the Property; that Grantor hereby warrants the title to the Property and will defend the same against the lawful claims of all persons claiming by, through or under Grantor, but against none others; and that the Property is free of all encumbrances except as set forth in Exhibit "B" attached hereto and incorporated herein. 1 9B IN WITNESS WHEREOF, Grantor has caused this Special Warranty Deed in favor of Grantee to be executed in its name, and its seal to be hereunto affixed, by its proper officers hereunto duly authorized, as of the day, month and year first above written. FLORIDA GOVERNMENTAL UTILITY AUTHORITY, a public body and legal entity created by interlocal agreement pursuant to Section �;. 163.01(7)(g), Florida Statutes (SEAL) r ATTEST: By: 196-4-41144-Ak. 1).4 w1/4-41...4._ Lea Ann Thomas, Chair Stephen M. Spratt, Secretary-Treasurer STATE OF FLORIDA COUNTY OF HILLSBOROUGH This instrument was acknowledged before me this 26th day of February, 2018 by Lea Ann Thomas, as Chair of the Florida Governmental Utility Authority, a public body and legal entity created b interlocal agreement pursuant to Section 163.01(7)(g), Florida Statutes, on its behalf, who s personally known to me or ( 1 has produced as identifi ation. r .. By . ' /A, .,. 1/ .^s--' s 00:ik. KIMBERLY A,CCM ! Notary P i ic, State obi . arida ;_ MY COMMISSI0N I OG 167615 Print: 1.. y:._ ,„ , II i.J,Il' , �= January wery 7,2022 i 1 '.4+of r? j Banded TM*tory P &linden/1M BQpAR 0OF COUNTY COMM SSONERS, COLLI ROUNTY FLORIDA PURSUANT TO THE PROVISI'0NS OF RESOLUTION NO. Zvi 1 - I-z 1-- 12 kpiAL4, c. v k/ l/ 17 l fhi .1- 2 4B EXHIBIT "A" THE PROPERTY Parcel I Tract 1, GOLDEN GATE ESTATES, UNIT 26, a Subdivision, according to the Map or Plat thereof on file and recorded in the Office of the Clerk of the Circuit Court, recorded in Plat Book 7, Pages 15 and 16, of the Public Records of Collier County, Florida; LESS AND EXCEPT that parcel of land conveyed to South Florida Management District described in Quit Claim Deed recorded in Official Records Book 1604, Page 800, of the Public Records of Collier County, Florida. Parcel 2 All of Blocks 255, 257 and 258, Unit 7, Golden Gate, a Subdivision, according to the Map or Plat thereof on file and recorded in the Office of the Clerk of the Circuit Court, recorded in Plat Book 5, page 135, Public Records of Collier County, Florida; together with all vacated Roads and alleyways located in Block 255, 257 and 258 of said plat as recorded in Resolution No. 84- 149 recorded in Official Records Book 1096, Page 166. Parcel 3 A parcel of land in Collier County, Florida, more particularly described as follows and being a part of the Plat of Tract A of GOLDEN GATE UNIT 8, PART 2, as recorded in Plat Book 9, Page 107A, of the Public Records of Collier County. Florida, more particularly described as follows: COMMENCING at the Northwest corner of Tract A; thence running South a distance of 649.27 feet along the West boundary of said Tract A; thence running East 336.31 feet to a point, said point being also described as the POINT OF BEGINNING; thence run North 89° 54' 21"East, a distance of 331.15 feet to a point; thence run North 0° 09' 03" East a distance of 75.04 feet to a point; thence run North 23° 43' 43" East a distance of 104.18 feet to a point; thence run North 47° 07' 42" West a distance of 196.55 feet to a point; thence run South 89° 44' 56" West a distance of 184.50 feet to a point; thence run South 50° 09' 46" West a distance of 14.20 feet to a point; thence run South 11° 04' 09" West a distance of 113.36 feet to a point; thence run South 3° 45' 30" West a distance of 183.92 feet to the POINT OF BEGINNING. Parcel 4 The South 35 feet of the West 35 feet of Lot 1, Block 59, UNIT 2, GOLDEN GATE SUBDIVISION, according to the Map or Plat thereof on file and recorded in the Office of the Clerk of the Circuit Court, recorded in Plat Book 5, Pages 65 thru 77, the Public Records of Collier County, Florida. 9B EXHIBIT "B" PERMITTED ENCUMBRANCES As to all parcels: 1. Rights or claims of parties in possession not shown by the public records. 2. Easements or claims of easements not shown by the public records. 3. Encroachments, overlaps, boundary line disputes, and any other matters which would be disclosed by an accurate survey and inspection of the premises. 4. Any lien, or right to a lien, for services, labor, or material heretofore or hereafter furnished, imposed by law, and not shown by the public records. 5. Any claim that any part of the Property is owned by the State of Florida by right of sovereignty,and riparian rights, if any. 6. Taxes for the year 2018 and subsequent years,which are not yet due and payable. 7. Oil, Gas and Sulphur Lease Agreement by and between Lee County Land Company, a Delaware corporation, Tamiami Land Development Company, a Delaware corporation, Tamiami Trail Estates, Inc., a Florida corporation, Deep Lake Company, a Florida corporation, Caloosahatchee Tropical Company, a Florida corporation, Florida Timber Lands Corporation, a Delaware corporation, Empire Land Company, a Delaware corporation, Gulf Coast Realties Corporation, a Delaware corporation and Peninsular Oil and Refining Company dated December 3, 1940 and recorded December 28, 1940 in Deed Book 9, Page 560,of the Public Records of Collier County,Florida. 8. Oil, Gas and Mineral Deed from Barron Collier, Jr. and Miles Collier joined by Barbara M. Collier, wife of Barron Collier, Jr. and Isabel U. Collier, wife of Miles Collier to Anchor Investment Corporation, a Florida corporation dated September 29, 1953 and recorded October 5, 1953 in Deed Book 30,Page 86.of the Public Records of Collier County,Florida. 9. Resolution establishing the Immokalee Planning Area and the Coastal Planning Area dated May 4, 1976 and recorded May 6, 1976 in Official Records Book 649, Page 1239, of the Public Records of Collier County. 10. Ordinance No. 75-20 as to regulating the installation of any water distribution and wastewater collection system, dated May 5, 1975 and recorded May 19, 1975 in Official Records Book 619,Page 1177,of the Public Records of Collier County, Florida. 11. Ordinance No. 75-21 as to protective trees,dated May 6, 1975 and recorded May 19, 1975 in Official Records Book 619,Page 1191,of the Public Records of Collier County,Florida. 12. Ordinance No. 75-24 as to zoning regulations, dated May 6, 1975 and recorded May 19, 1975 in Official Records Book 619,Page 1191, of the Public Records of Collier County, Florida. 4 7B 13. Subject to the rules and regulations of surface and ground water utilization as set forth in Constructive Notice and Demand dated March 31, 1989 and recorded March 31, 1989 in Official Records Book 1428, Page 2003, of the Public Records of Collier County,Florida. 14. Covenant to Cooperate by and between the Florida Governmental Utility Authority and Avatar Utilities, Inc., a Delaware corporation and Avatar Properties, Inc., a Florida corporation dated April 7, 1999 and recorded April 16, 1999 in Official Records Book 2536, Page 917,of the Public Records of Collier County,Florida. 15. Transfer, Assignment and Assumption Agreement by and between the Florida Governmental Utility Authority and Florida Cities Water Company dated April 7, 1999 and recorded April 16, 1999 in Official Records Book 2536, Page 921, of the Public Records of Collier County, Florida. 16. Easement from Lea Ann Thomas to Florida Power & Light Company dated April 16, 2009 and recorded April 28, 2009 in Official Records Book 4447, Page 1597, of the Public Records of Collier County, Florida. Note: Grantor was Chairperson of Florida Governmental Utility Authority at the time of conveyance and appears to grant easement on its behalf. As to Parcel 1: 17. Matter as set forth on the Plat of Golden Gate Estates dated November 18, 1964 and recorded January 21, 2000 in Plat Book 7, Pages 15, 17 & 19, of the Public Records of Collier County, Florida. 18. Oil, Gas and Mineral Lease by and between Miles Collier and Barron Collier, Jr.joined by their respective wives, Isabel Collier and Barbara Collier and Humble Oil & Refining Company dated July 1, 1952 and recorded August 26, 1952 in Deed Book 24, Page 385, of the Public Records of Collier County, Florida. 19. Resolution Establishing Suburban and Agricultural Subdivisions from the Board of County Commissioners of Collier County dated March 7, 1961 and recorded March 13, 1963 in Official Records Book 83,Page 183,of the Public Records of Collier County,Florida. 20. Restrictive Covenants by and between Gulf American Corporation, a Florida corporation, Central Bank and Trust Company, a Florida banking corporation, as Trustee, under Land Trust No. 62/LT/10/426 and under Land Trust No. 63/LT/13/440, and A.1.G. Financial Corporation, a Delaware corporation, as Beneficiary under Land Trust No. 62/LT/10/426 and All Future Owners of Golden Gate Estates dated August 25, 1967 and recorded November 23, 1967 in Official Records Book 251, Page 390, of the Public Records of Collier Cognty, Florida. 21. Resolution from the Board of County Commissioner Collier County, Florida as recorded September 29, 1988 in Official Records Book 1383, Page 2323, of the Public Records of Collier County,Florida. 22. Easement from Florida Cities Water Company to Florida Power & Light Company dated December 9, 1994 and recorded December 14, 1994 in Official Records Book 2011, Page 1201,of the Public Records of Collier County,Florida. 5 9a As to Parcel 2: 23. Matter as set forth on the Plat of GOLDEN GATE UNIT 7, a subdivision, recorded August 25, 1964 in Plat Book 7, Pages 135 through 146, of the Public Records of Collier County, Florida. 24. Resolution Establishing Suburban and Agricultural Subdivisions from the Board of Commissioners of Collier County,Florida dated March 7, 1961 and recorded March 13, 1961 in Official Records Book 80,Page 183, of the Public Records of Collier County,Florida. 25. Deed of Restrictions from Gulf American Land Corporation to All Future Owners of Lots in Golden Gate Subdivision dated November 13, 1963 and recorded November 14, 1963 in Official Records Book 154, Page 554; Amended Deed of Restrictions recorded January 30, 1964 in Official Records Book 160, Page 503; Amendment to Deed of Restrictions recorded February 27, 1964 in Official Records Book 163, Page 88; Amendment to Deed of Restrictions recorded January 25, 1965 in Official Records Book 182, Page 762; Amendment to Golden Gate City Subdivision Deeds of Restrictions and Amendments recorded July 13, 1982 in Official Records Book 979, Page 1512; Amendments to Deed of Restrictions recorded December 22, 1983 in Official Records Book 57, Page 1116; Amendment to Deed of Restrictions recorded March 20, 1984 in Official Records Book 1072, Page 392; Amendment to Deed of Restrictions recorded September 25, 1984 in Official Records Book 1102, Page 830;all of the Public Records of Collier County,Florida. 26. Deed of Restrictions from Gulf American Corporation to All Future Owners of Lots in Unit 7, Golden Gates Subdivision, Collier County, Florida, per plat recorded in Plat Book 5, Page 135 through 146; Deed of Restrictions dated December 26, 1969 and recorded January 13, 1970 in Official Records Book 338, Page 680; Amendment to Golden Gate City Subdivision Deeds of Restrictions and Amendments recorded July 13, 1982 in Official Records Book 979, Page 1512,both of the Public Records of Collier County, Florida. 27. Resolution from the Board of County Commissioners of Collier County, Florida as recorded April 12, 1976 in Official Records Book 646, Page 1838, of the Public Records of Collier County,Florida. 28. Easement from Avatar Properties, Inc. to Florida Power & Light Company dated March 19, 1984 and recorded April 24, 1984 in Official Records Book 1078, Page 1006, of the Public Records of Collier County,Florida. 29. Resolution Number 84-149 from the Board of County Commissioners Collier County, Florida as recorded August 8, 1984 in Official Records Book 1096, Page 166, of the Public Records of Collier County,Florida. 30. Easement from Robert H. French to Florida Power& Light Company dated August 12, 1988 and recorded September 3, 1988 in Official Records Book 1377, Page 2120, of the Public Records of Collier County,Florida. As to Parcel 3: 31. Matter as set forth on the Plat of GOLDEN GATE UNIT 8 PART 2, a subdivision as recorded in Plat Book 9, Page 108,of the Public Records of Collier County,Florida. 6 7 Q 32. Resolution Establishing Suburban and Agricultural Subdivisions from the Board of Commissioners of Collier County, Florida dated March 7, 1961 and recorded March 13, 1961 in Official Records Book 80, Page 183, of the Public Records of Collier County,Florida. 33. Deed of Restrictions from Gulf American Land Corporation to All Future Owners of Lots in Golden Gate Subdivision dated November 13, 1963 and recorded November 14, 1963 in Official Records Book 154, Page 554; Amended Deed of Restrictions recorded January 30, 1964. in Official Records Book 160, Page 503; Amendment to Deed of Restrictions recorded February 27, 1964 in Official Records Book 163, Page 88; Amendment to Deed of Restrictions recorded January 25, 1965 in Official Records Book 182, Page 762; Amendment to Golden Gate City Subdivision Deeds of Restrictions and Amendments recorded July 13, 1982 in Official Records Book 979, Page 1512; Amendments to Deed of Restrictions recorded December 22, 1983 in Official Records Book 57, Page 1116; Amendment to Deed of Restrictions recorded March 20, 1984 in Official Records Book 1072, Page 392; Amendment to Deed of Restrictions recorded September 25, 1984 in Official Records Book 1102,Page 830;all of the Public Records of Collier County,Florida. 34. Deed of Restrictions from Gulf American Corporation to All Future Owners of Lots in Unit 8, Part 2, Golden Gate Subdivision, per plat recorded in Plat Book of Public Records of Collier County, Florida dated June 13, 1969 and recorded July 1, 1969 in Official Records Book 316, Page 593; Amendment to Deed of Restrictions recorded January 18, 1973; Amendment to Golden Gate City subdivision Deeds of Restriction and Amendments recorded July 13, 1982 in Official Records Book 979, Page 1512; all of the Public Records of Collier County, Florida. 35. Conveyance of Drainage and Power Line Easement dated November 1, 1973 and recorded April 1, 1974 in Official Records Book 585, Page 85, of the Public Records of Collier County,Florida. 36. Reservation of Drainage and power Line Easement dated November 1, 1973 and recorded April 1, 1974 in Official Records Book 585. Page 92, of the Public Records of Collier County,Florida. 37. Resolution from the Board of County Commissioners of Collier County, Florida as recorded April 12, 1976 in Official Records Book 646, Page 1838, of the Public Records of Collier County,Florida. 38. License Agreement by and between Avatar Utilities, Inc., f/k/a GAC Utilities, Inc., a Delaware corporation and Florida Cablevision Management Corp., a Florida corporation dated March 30, 1984 and recorded April 17, 1984 in Official Records Book 1077, Page 774, of the Public Records of Collier County,Florida. 39. Easement from Golden Gate Inn to Florida Power & Light Company dated March 23, 1989 and recorded April 20, 1989 in Official Records Book 1434, Page 238, of the Public Records of Collier County,Florida. As to Parcel 4: 40. Matter as set forth on the Plat of GOLDEN GATE UNIT 8 PART 2, a subdivision as recorded in Plat Book 5,Page 65,of the Public Records of Collier County,Florida. 7 B 41. Deed of Restrictions from Gulf American Land Corporation to All Future Owners of Lots in Golden Gate Subdivision dated November 13, 1963 and recorded November 14, 1963 in. Official Records Book 154, Page 554; Amended Deed of Restrictions recorded January 30, 1964 in Official Records Book 160, Page 503; Amendment to Deed of Restrictions recorded February 27, 1964 in Official Records Book 163, Page 88; Amendment to Deed of Restrictions recorded January 25, 1965 in Official Records Book 182, Page 762; Amendment to Golden Gate City Subdivision Deeds of Restrictions and Amendments recorded July 13, 1982 in Official Records Book 979, Page 1512; Amendments to Deed of Restrictions recorded December 22, 1983 in Official Records Book 57, Page 1116; Amendment to Deed of Restrictions recorded March 20, 1984 in Official Records Book 1072, Page 392; Amendment to Deed of Restrictions recorded September 25, 1984 in Official Records Book 1102,Page 830; all of the Public Records of Collier County,Florida. 42. Resolution from the Board of County Commissioners of Collier County, Florida as recorded April 12, 1976 in Official Records Book 646, Page 1838, of the Public Records of Collier County,Florida. 8 98 INSTR 5518001 OR 5482 PG 1738 RECORDED 311/2018 3 19 PM PAGES Prepared By/Return To: CLI Wendi McAleese REC$27 00 \DAOF THE CIRCUIT COURT American Government Services Corporation DCV\D,ilLGHETRECOUNT'' LONIFCLER 3812 W. Linebaugh Avenue Tampa, FL 33618 AFFIDAVIT Before me, the undersigned authority, personally appeared, Lance T. Miller, (the "Affiant"), who being by me first duly sworn, deposes and states as follows: 1. Affiant is a Professional Land Surveyor duly licensed and registered in the State of Florida under Registration No. LS5627. 2. Affiant has prepared a survey (the "Survey") of the real property described in Exhibit"A" attached hereto (the "Property"). 3. The record legal description has an error of distance in which the description reflects "333.15 feet" when it should have shown "331.15 feet." Affiant certifies that this is a clerical error only and that Affiant is able to locate the property on the ground. 4. Affiant makes this Affidavit with the full knowledge that it is being relied upon by Commonwealth Land Title Insurance Company and American Government Services Corporation in connection with the issuance of certain title insurance policies covering the Property. C-341 Print Name: Lance T. Miller License No: LS5627 State of Florida County of Collier SWORN TO and subscribed before me this 5th day of February , 2018, by Lance T. Miller who is personally known to me orwho-hat-prodtteed as identification and who did take an oath. Notary PublOtate of ,- lot- My ComrriiSsIon Expires: --.‘tz?:/ Bonded Tbru NOtSity Public Underedtefs tAYE000MIREstrISS:FeIZEONbniaE#DriYGGI:1:25270 9B EXHIBIT "A" Parcel ID No. 36560120009 A parcel of land in Collier County, Florida, more particularly described as follows and being a part of the Plat of Tract A of GOLDEN GATE UNIT 8, PART 2, as recorded in Plat Book 9, Page 107-A, of the Public Records of Collier County, Florida, more particularly described as follows: COMMENCING at the Northwest corner of Tract A; thence running South a distance of 649.27 feet along the West boundary of said Tract A; thence running East 336.31 feet to a point, said point being also described as the POINT OF BEGINNING; thence run North 89° 54' 21" East, a distance of 331.15 feet to a point; thence run North 0° 09' 03" East a distance of 75.04 feet to a point; thence run North 23° 43' 43" East a distance of 104.18 feet to a point; thence run North 47° 07' 42" West a distance of 196.55 feet to a point; thence run South 89° 44' 56" West a distance of 184.50 feet to a point; thence run South 50° 09' 46" West a distance of 14.20 feet to a point; thence run South 11° 04' 09" West a distance of 113.36 feet to a point; thence run South 3° 45' 30" West a distance of 183.92 feet to the POINT OF BEGINNING. 9B 11111 _.. a bri �.__ _ 3 t¢ I S o Y t# g: 1 it„, it __...,. .xi^.-.+ _.-.=,.--r�-.„.j 1 4 ,_ _ 114-111.71.: 'rti ''' :, . 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Ij 3 A r 11 did n i 9 t 3� 9 III t9'31 at i , d is pi 1 III; s - d X 3s .q :� t0� 11' 5 d}ts :4l 4 '4'gtgi tyty to h t}I}ii it s l ...14 0}F .1 '! gg t ' 1t� 1 s i pt i ; .,elt '9 ?/ li` 2 lb ff $ a d F " b 1} 4 :S rill t l tf 111*, .1 t i 11 3 k 1 1 }� a t` R * -3 Si r,#ii 3ti 11,x: 1! 11 i3 is !F yyt��a i} is rill:l: 1 ,-;11 d 1 :;1, 's '! 1i 1.41 1 2 1 :1 1 , i •4 1:,, 1� It S 31 lit !i i .1F 1-0tl i° 1st 1 .1 J.d .lit-0. S 3rplya ti 11 • Ai i 2g ° 1 1 3 1 1 �ysr112 *IN - L '0 ¢5 it VII '' xt 1 pt gf s� ai g5 til-.1 tol;)," : ?iFi$ :ii 1i ii 1 S 5 $ ` !X F£ �D �F L' ,,,si ,§ 1t '°1 i1, 1, ,i i1 311 yb' Fi a 79 Ir 1}1011;4'i +d }Pint 1 1 i t G k_ id'9 e i} 1g - i tld ! t 111 FxF 441 D 7 . to' tilos. :' ar Ft t: 1�S 11i i .° � !} lr } ui 31�}a}l t}!1 iF 1 r I� a d 3331 x B t sI II 3i= Ii d ! I. = 4 9B INSTR 5518002 OR 5482 PG 1741 RECORDED 31112018 3:19 PM PAGES 9 DWIGHT E. BROCK,CLERK OF THE CIRCUIT COURT Prepared by and return to: COLLIER COUNTY FLORIDA Scott Teach,Esq. REC$78.00 INDX$30.00 Office of the Collier County Attorney 3299 East Tamiami Trail,Suite 800 Naples,Florida 34112 ASSIGNMENT AND ASSUMPTION OF EASEMENTS THIS ASSIGNMENT AND ASSUMPTION OF EASEMENTS ("Assignment"), is made and entered into as of the 1st day of March, 2018, by and between the FLORIDA GOVERNMENTAL UTILITY AUTHORITY, a legal entity and public body created by Interlocal Agreement pursuant to Section 163.01(7)(g), Florida Statutes ("Assignor") and the COLLIER COUNTY BOARD OF COUNTY COMMISSIONERS, as the governing board of Collier County, Florida, and ex-officio as the governing board of the COLLIER COUNTY WATER-SEWER DISTRICT, a political subdivision of the State of Florida and a body corporate and politic created by special law, as codified in Chapter 2003-353, Laws of Florida, whose address is 3339 Tamiami Trail East, Suite 301, Naples, Florida 34112 ( collectively referred to herein as "Assignee"). Capitalized terms not defined herein shall have the meaning(s) ascribed to them in that certain Utility System Transition Agreement between Assignor and Assignee dated November 14, 2017, and effective November 16, 2017, as amended by that certain First Amendment to the Utility System Transition Agreement, effective January 19, 2018 (the "Transition Agreement"). WHEREAS, among the assets owned by Assignor and intended to be conveyed to Assignee, in accordance with the Transition Agreement, are the rights of Assignor under those certain easements, licenses, prescriptive rights, rights-of-way, and other rights to use public and private roads, highways, streets, railroads and other areas owned or used by Assignor for the construction, ownership and operation of the FGUA Golden Gate System, as described and set forth in the Transition Agreement(the "Easements"); and WHEREAS, Assignor has agreed to transfer to Assignee all of the rights, title and interest of Assignor as grantee under the Easements, as described in Exhibit "A" attached hereto and made a part hereof. NOW, THEREFORE, in consideration of the mutual promises, covenants, representations and agreements contained herein, together with $10.00 and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows. 1. The foregoing recitals are true and correct and are hereby incorporated as if set forth fully herein. 2. Assignor hereby quitclaims, conveys and assigns unto Assignee, its successors and assigns, all right, title and interest of Assignor, if any, in the Easements, together with all other recorded or unrecorded rights, privileges, easements, licenses, prescriptive rights, rights-of- way, and rights to use public and private roads, highways, streets, railroads and other areas 1 98 owned or used by Assignor in connection with the construction, reconstructions, installation, expansion, maintenance, and operation of the FGUA Golden Gate System as described in the Transition Agreement,together with, and to the extent transferrable, a tacking of time periods of Assignee ownership in addition to Assignor or predecessor ownership time periods for determining any prescriptive easement or adverse possession claim or claims; provided, however, that, other than as contained in the Transition Agreement, Assignor makes no additional representation or warranty herein regarding the Easements or in the existence or transferability of the aforementioned time periods. 2. Assignee hereby accepts the transfer and assignment of the Easements as set forth in Paragraph 1 herein, and assumes the performance, obligations, duties and liabilities of Assignor under such Easements as of the date hereof As of the date of this Assignment, and pursuant to the Transition Agreement, Assignor's obligations and responsibilities to act under such Easements shall cease and terminate. In accordance with Section 3.01(13)7 Of the Transition Agreement, Assignor shall have no liability or obligation with respect to the Easements after the date hereof, whether attributable to the period prior to or after the date of the Assignment. Assignee shall hold Assignor harmless from and against any loss, claims, costs and expenses arising in connection with the Easements prior to and after the date hereof to the extent permitted by law without waiver of sovereign immunity. 3. Assignor covenants and agrees with Assignee and its successors and assigns that Assignor will do, execute, acknowledge and deliver or cause to be done, executed, acknowledged and delivered any and all such further acts, instruments, papers and documents, as may be necessary, proper or convenient to carry out and effectuate the intent and purposes of this Assignment. Further, Assignor hereby irrevocably constitutes and appoints Assignee and its successors and assigns the true and lawful attorneys for Assignor to do all acts and things necessary under and pursuant to the Easements with like power and as fully as Assignor could or might have done. 4. This Assignment shall inure to the benefit of Assignee, its successors and permitted assigns, and shall bind Assignor and its successors and permitted assigns. This Assignment is not intended to confer upon any person other than the parties hereto any rights or remedies hereunder. 5. This Assignment shall be governed in all respects, whether as to validity, construction, capacity, performance or otherwise, by the laws of the State of Florida applicable to contracts made and to be performed within that state. Nothing herein shall be construed to waive any defenses of sovereign immunity that Assignee may be lawfully entitled to assert under applicable Florida law. 6. If any term or provision of this Assignment shall, to any extent or for any reason, be held to be invalid or unenforceable, the remainder of this Assignment shall not be affected thereby and shall be construed as if such invalid or unenforceable provision had never been contained herein or been applicable in such circumstances. 2 9B 7. This Assignment incorporates the Transition Agreement and by reference all definitions, terms, provisions, conditions and limitations set forth therein. In the event of any conflict or inconsistency between the definitions, terms, provisions, conditions and limitations set forth in the Transition Agreement and those which are set forth in this Assignment, the definitions, terms, provisions, conditions and limitations set forth in the Transition Agreement shall supersede and prevail. 8. This Assignment may be executed in one or more counterparts, each of which shall be deemed to be an original, but all of which shall constitute one and the same Assignment. IN WITNESS WHEREOF, Assignor and Assignee have caused this Assignment to be duly executed and entered into on the date first above written. ASSIGNOR: FLORIDA GOVERNMENTAL UTILITY AUTHORITY, a legal entity and public body created by Interlocal Agreement pursuant to Section 163.01(7)(g), Florida Statutes. By: -t.LafttM-' Z- -C14.. ,f ; Lea Ann Thomas, Chair AEST: =v,.= kr--� fr. " Stephen M. Sprat , Secretary-Treasurer STATE OF FLORIDA COUNTY OF HILLSBOROUGH The foregoing instrument was acknowledged before me this 26th day of February, 2018, by Lea Ann Thomas, as Chair of the Florida Governmental Utility Authority, on its behalf. She ispersonally known to me or has I ] produced as ide ification. #. '9'r/ , 4 ottr 'u s is My ,$ m' .ion - - — : '!i KIMBERLY A.DILUIGI 1 .. MY COMMISSION#GG 167815 3 •-`a'> �4''` EXPIRES:January 7,2022 ;5::',t''� Bored Thru Notary UAW Underwriters 90 ASSIGNEE: COLLIER COUNTY BOARD OF COUNTY COMMISSIONERS, as the governing board of COLLIER COUNTY, FLORIDA, and ex-officio as the governing board of the COLLIER COUNTY WATER-SEWER DISTRICT, a political subdivision of the State of Florida and a body corporate and politic created by special law, as codified in Chap - 2003-353, Laws of Florida. 4 f Andy Soli•r' airman ATTEST: DWIGHT E. BR Jerk 2 BY: j ` r/Z" — �'epu yf Clerk THIS CONVEYANCE ACCEPTED BY THE BOARD OF COUNTY COMMISSIONERS, COLLIER COUNTY FLORIDA, PURSUANT TO THE PROVISIONS Approve, as tk f and legality: OF RESOLUTION NO. 2Z e►7- 2,,.2,L. A5do, (t/ 1y/ii tk vt $.3 BY: _ CountrAttorney 4 98 EXHIBIT "A" EASEMENTS 1. That certain UTILITY EASEMENT dated June 12, 2001, by Collier County to the Florida Governmental Utility Authority, recorded in Official Records Book 2931, Page 1895 of the Public Records of Collier County, Florida. 2. That certain EASEMENT dated July 12, 2002, by Wayne Ruben and Benderson Development Company, Inc., to the Florida Governmental Utility Authority, recorded in Official Records Book 3109, Page 2916 of the Public Records of Collier County, Florida. 3. That certain UTILITY EASEMENT dated March 20, 2003, by Collier County to the Florida Governmental Utility Authority, recorded in Official Records Book 3399, Page 2351 of the Public Records of Collier County, Florida. 4. That certain FIRELINE AND HYDRANT UTILITY EASEMENT dated November 20, 2003 by the District School Board of Collier County, Florida, to the Florida Governmental Utility Authority, recorded in Official Records Book 3491, Page 3483 of the Public Records of Collier County, Florida. 5. That certain UTILITY EASEMENT dated June 23, 2005, by the District School Board of Collier County, Florida, to the Florida Governmental Utility Authority, recorded in Official Records Book 4112, Page 0766 of the Public Records of Collier County, Florida. 6. That certain UTILITY EASEMENT dated June 23, 2005, by the District School Board of Collier County, Florida, to the Florida Governmental Utility Authority, recorded in Official Records Book 4112, Page 0775 of the Public Records of Collier County, Florida. 7. That certain RIGHT-OF-WAY AND EASEMENT dated December 1, 1983, by Avatar Properties, Inc., to Avatar Utilities, Inc., recorded in Official Records Book 1052, Page 1631 of the Public Records of Collier County, Florida, as assigned by that certain ASSIGNMENT OF EASEMENT dated October 27, 2006, by and between Avatar Utilities, Inc., and the Florida Governmental Utility Authority, recorded in Official Records Book 4141, Page 1638 of the Public Records of Collier County, Florida. 8. That certain UTILITY EASEMENT dated March 20, 2008, by the District School Board of Collier County to the Florida Governmental Utility Authority, recorded in Official Records Book 4380, Page 0387 of the Public Records of Collier County, Florida. 9. That certain UTILITY EASEMENT dated May 20, 2008, by Collier County to the Florida Governmental Utility Authority, recorded in Official Records Book 4380, Page 0395 of the Public Records of Collier County, Florida. 5 9B 10. That certain UTILITY EASEMENT dated June 25, 2008, by Win-Golden Gate Ltd., to the Florida Governmental Utility Authority, recorded in Official Records Book 4386, Page 2934 of the Public Records of Collier County, Florida. 11. That certain UTILITY EASEMENT dated October 17, 2008, by Jose M. Saco and Yvette L. Saco (Husband and Wife) to the Florida Governmental Utility Authority, recorded in Official Records Book 4432, Page 3171 of the Public Records of Collier County, Florida. 12. That certain UTILITY EASEMENT dated November 6, 2009, by Golden Gate Country Club Owners representative to the Florida Governmental Utility Authority, recorded in Official Records Book 4508, Page 1308 of the Public Records of Collier County, Florida. 13. That certain UTILITY EASEMENT dated November 16, 2010, by Diocese of Venice to the Florida Governmental Utility Authority, recorded in Official Records Book 4644, Page 1265 of the Public Records of Collier County, Florida. 14. That certain UTILITY EASEMENT dated April 7, 2011, by West Coast Development Corporation of Naples, Inc., to the Florida Governmental Utility Authority, recorded in Official Records Book 4688, Page 383 of the Public Records of Collier County, Florida. 15. That certain UTILITY EASEMENT dated October 31, 2013, by David Lawrence Mental Health Center, Inc., to the Florida Governmental Utility Authority, recorded in Official Records Book 5006, Page 3212 of the Public Records of Collier County, Florida. 16. That certain UTILITY FACILITES AND/OR UTILITIES EASEMENT(S) SUBORDINATION dated February 22, 2008, by U.S. Bank National Association, successor in interest to SunTrust Bank, Trustee, in favor of the Florida Governmental Utility Authority, recorded in Official Records Book 4335, Page 0409 of the Public Records of Collier County, Florida. 17. That certain SUBORDINATION OF MORTGAGE AND SECURITY DOCUMENTS dated May 6, 2011, by Stonegate Bank and Florida Governmental Utility Authority, recorded in Official Records Book 4801, Page 1583 of the Public Records of Collier County, Florida. 18. That certain UTILITY FACILITIES WARRANTY DEED dated June 23, 2005, between the District School Board of Collier County, Florida, and the Florida Governmental Utility Authority, recorded in Official Records Book 4112, Page 0769 of the Public Records of Collier County, Florida. 19. That certain UTILITY FACILITIES WARRANTY DEED dated June 23, 2005, between the District School Board of Collier County, Florida, and the Florida Governmental Utility Authority, recorded in Official Records Book 4112, Page 0772 of the Public Records of Collier County, Florida. 6 911 20. That certain UTILITY EASEMENT dated January 15, 1987, between Avatar Properties Inc., and Avatar Utilities Inc. of Florida, recorded in Official Records Book 1251, Page 0790 of the Public Records of Collier County, Florida. 21. That certain NON-EXCLUSIVE & PERPETUAL WATER PIPELINE EASEMENT GRANT dated May 14, 1990, between Barnett Bank of Naples and Florida Cities Water Company, recorded in Official Records Book 1577, Page 0534 of the Public Records of Collier County, Florida. 22. Easements created in that certain QUIT-CLAIM DEED dated February 25, 1985, by and between Domenic D'Agostino, Mario Vocisano, Salvatore Forlani, and Robert Vocisano, a Florida general partnership, and Avatar Utilities, Inc. of Florida, recorded in Official Records Book 1131, Page 1230 of the Public Records of Collier County, Florida. 23. That certain EXCLUSIVE AND PERPETUAL WASTEWATER FORCE MAIN EASEMENT GRANT dated August 11, 1998, between the David Lawrence Foundation for Mental Health, Inc., and Florida Cities Water Company, recorded in Official Records Book 2462, Page 0189 of the Public Records of Collier County, Florida, and re-recorded in Official Records Book 2500, Page 0411 of the Public Records of Collier County, Florida. 24. That certain EXCLUSIVE AND PERPETUAL WASTEWATER PUMPING STATION EASEMENT GRANT dated August 11, 1998, between the David Lawrence Foundation for Mental Health, Inc., and Florida Cities Water Company, recorded in Official Records Book 2462, Page 0199 of the Public Records of Collier County, Florida, and re-recorded in Official Records Book 2500, Page 0421 of the Public Records of Collier County, Florida. 25. That certain GRANT OF EASEMENT dated April 10, 1984, between Ron Flavis and Harry C. Good, as grantors, and Avatar Utilities of Florida, Inc., as grantee, recorded in Official Records Book 1078, Page 1190 of the Public Records of Collier County, Florida. 26. That certain RIGHT-OF-WAY WATER PIPELINE EASEMENT GRANT dated August 21, 1995, between Avatar Properties Inc., and Florida Cities Water Company, recorded in Official Records Book 2096, Page 2196 of the Public Records of Collier County, Florida. 27. The reservation of rights in that certain RIGHT-OF-WAY AND EASEMENT dated September 17, 1984, between Avatar Properties Inc., as grantor, and Florida Power & Light Corporation, as grantee, recorded in Official Records Book 1102, Page 0252 of the Public Records of Collier County, Florida. 7 B 28. That certain unrecorded UTILITY EASEMENT — GOLDEN GATE ELEMENTARY dated June 21, 2001, by The School Board of Collier County, Florida, as grantor, to the Florida Governmental Utility Authority, as grantee. 29. That certain GRANT OF EASEMENT dated September 27, 1982, by Golden Gate Plaza, Ltd., as grantor, to Avatar Utilities, Inc., as grantee, recorded in Official Records Book 0994, Page 1743 of the Public Records of Collier County, Florida. 30. That certain EXCLUSIVE AND PERPETUAL UTILITY EASEMENT GRANT dated September 13, 1989, between Golden Gate Shopping Center Company, and Florida Cities Water Company, recorded in Official Records Book 1561, Page 0421 of the Public Records of Collier County, Florida. 31. That certain EXCLUSIVE AND PERPETUAL UTILITY EASEMENT GRANT dated September 13, 1989, between Golden Gate Shopping Center Company, and Florida Cities Water Company, recorded in Official Records Book 1561, Page 0417 of the Public Records of Collier County, Florida. 32. That certain EXCLUSIVE & PERPETUAL WATER PIPELINE EASEMENT GRANT dated November 21, 1989, between Naples-Green Blvd. Joint Venture and Avatar Utilities Inc. of Florida, recorded in Official Records Book 1491, Page 1368 of the Public Records of Collier County, Florida. 33. That certain EXCLUSIVE & PERPETUAL GRAVITY SEWER MAIN EASEMENT GRANT dated November 21, 1989, between Naples-Green Blvd. Joint Venture and Avatar Utilities Inc. of Florida, recorded in Official Records Book 1491, Page 1351 of the Public Records of Collier County, Florida. 34. That certain unrecorded EASEMENT VACATION dated July 9, 1980, by GAC Utilities Inc. of Florida, in favor of John W. Payne. 35. That certain EXCLUSIVE & PERPETUAL WASTEWATER FORCE MAIN EASEMENT GRANT dated April 6, 1989, between The School Board of Collier County, Florida, and Florida Cities Water Company, recorded in Official Records Book 1452, Page 1435 of the Public Records of Collier County, Florida. 36. That certain EXCLUSIVE AND PERPETUAL WASTEWATER PUMPING STATION EASEMENT GRANT dated April 6, 1989, between The School Board of Collier County, Florida, and Avatar Utilities Inc., of Florida, recorded in Official Records Book 1452, Page 1430 of the Public Records of Collier County, Florida. 37. That certain unrecorded UTILITY EASEMENT dated June 17, 1999, by John J. Nevins, as Bishop of the Diocese of Venice, grantor, to the Florida Governmental Utility Authority, grantee. 8 9l 38. All other easements, licenses, rights of ingress and egress, right-of-way utilizations and other access rights of any kind used in the operation of the Golden Gate System owned or possessed by the FGUA, whether recorded or unrecorded. 9 9B INSTR 5518003 OR 5482 PG 1750 RECORDED 3/1/2018 3:19 PM PAGES 9 DWIGHT E BROCK, CLERK OF THE CIRCUIT COURT COLLIER COUNTY FLORIDA REC$78 00 BILL OF SALE KNOW ALL MEN BY THESE PRESENTS that the FLORIDA GOVERNMENTAL UTILITY AUTHORITY, a legal entity and public body created by Interlocal Agreement pursuant to Section 163.01(7)(g), Florida Statutes, whose address is c/o Government Services Group, Inc., 280 Wekiva Springs Road, Protegrity Plaza, Suite 2070, Longwood, Florida 32779- 6026 ("FGUA"), for the sum of TEN and No/100 Dollars ($10.00) and other good and valuable consideration, paid by the COLLIER COUNTY BOARD OF COUNTY COMMISSIONERS, as the governing board of Collier County, Florida, and ex-officio as the governing board of the COLLIER COUNTY WATER-SEWER DISTRICT, a political subdivision of the State of Florida and a body corporate and politic created by special law, as codified in Chapter 2003-353, Laws of Florida, whose address is 3339 Tamiami Trail East, Suite 301, Naples, Florida (collectively referred to herein as "County"), the receipt of which is hereby acknowledged, pursuant to the Utility System Transition Agreement dated November 14, 2017, and effective November 16. 2017, as amended by that certain First Amendment to the Utility System Transition Agreement, effective January 19, 2018 (the "Transition Agreement"), among others, hereby grants, sells, assigns, and conveys to the County all its right, title and interest in and to all of the personal property, both tangible and intangible, of the "FGUA Golden Gate System" as defined in the Transition Agreement, including,but not limited to,the following: 1. All water and wastewater treatment plants, including water supplies, wells, fire hydrants, backflow prevention devices, collection, transmission, and distribution system piping, pumping, and effluent disposal facilities of every kind and description whatsoever that are used in connection with the operation of the Golden Gate System, including, without limitation, all trade fixtures, leasehold improvements, lift stations, pumps, generators, controls, tanks, distribution, collection or transmission pipes or facilities, valves, meters, meter assemblies, meter reading devices, service connections, and all other physical facilities, appurtenances and property installations used in the operation of the Golden Gate system. 2. All personal property used in connection with the operation of the Golden Gate System, including but not limited to all movable equipment identified in Appendix "A" and all miscellaneous parts, chemicals, fuel, and residual sludge identified in Appendix "A" actually held on the Transfer Date for use in connection with the operation of the Golden Gate System. Appendix "A" also includes an estimate of the inventory of said items expected to be on hand on the Transfer Date. 3. All rights, remedies, powers, title and/or interest arising in the FGUA Transition Projects identified in Appendix "B" which are those projects that are still in process as of the Transfer Date. 4. All cash, deposits, prepaid expenses and funds and accounts held under the Indenture of Trust, or otherwise maintained in connection with the Golden Gate System, except as provided in Section 3.01(G)of this Transition Agreement. 1 9B 5. All current customer records, as-built surveys, water and wastewater plans, plats, engineering and other drawings, designs, blueprints, plans and specifications, maintenance and operating manuals, engineering reports, calculations, studies, non-corporate accounting, and non-corporate business records, that relate exclusively to the description and operation of the FGUA Golden Gate System; 6. All customer deposits and interest earned thereon received by FGUA up to and including the date hereof which have not been returned to customers or credited against customer bills in the manner provided in the Transition Agreement; and 7. All claims, including such insurance claims under the insurance policies identified in Exhibit "A" existing as of the date hereof, such as weather related claims, any weather or disaster related claims authorized and payable under programs of the Federal Emergency Management Agency ("FEMA"), or causes of action arising out of the FGUA's ownership and operation of the Golden Gate System, including but not limited to claims of liens imposed against the property of Golden Gate System customers, reserving to the FGUA the right to subsequently prosecute any claims against parties, insurers or the FEMA that relate to damages or expenses sustained by the FGUA that are independent of the damages or expenses sustained by the CCWSD. FGUA represents and warrants that it is providing all of its ownership interest in and to the above-referenced property. All capitalized terms utilized herein, and not otherwise defined herein, shall have the meanings ascribed thereto in the Transition Agreement. The terms and conditions contained in the Transition Agreement are incorporated herein by reference. [Signatures on following page] 2 9 $ IN WITNESS WHEREOF, the FGUA has caused this instrument to be duly executed and to become effective as of the 1st day of March, 2018. ASSIGNOR: FLORIDA GOVERNMENTAL UTILITY AUTHORITY, a legal entity and public body created by Interlocal Agreement pursuant to Section 163.01(7)(g), Florida Statutes. By: ' 1M0,,.., 2/44,0,"...14.4_ .., ,..„, Lea Ann Thomas, Chair -”. A ST /1_ ‘ .1. sem,,, ...._...._. - 4,, Stephen M. Spratt, Secretary-Treasurer STATE OF FLORIDA COUNTY OF HILLSBOROUGH The foregoing instrument was acknowledged before me this 26th day of February, 2018, by Le. Ann Thomas, as Chair of the Florida Governmental Utility Authority, on its behalf. She is , ,/e-rsonally known to me or has [ 1 produced as ide r tification. air iiir �.'ot y.-Y`uN 1 I 111110,IIP rfl I Pr' THISONVE�yyAN ACCEPTED BY THE My Commissii j r`".v: KlMg�,YA MUM30ARD OF COUNTY COMMISSIONERS, ; •_ MYCOMMISSION#Gti187815 COLLIER 0 NTY FLORIDA I ix 4.'if EXPIES:January 7,2022 "URSUANT TO THE PROVISIONS OF RESOLUTION N0. S.o, - -1-(1, z z ,,., Bonded thn,tbd„y Undevelters t'IN eLt1ilyrt1 t / , 13 3 9B APPENDIX "A" THE PERSONAL PROPERTY INVENTORY OF EQUIPMENT FGUA OWNED EQUIPMENT IN GOLDEN GATE N0. ITEM YEAR MAKE CONDITION 1 John Deere Tractor with mower&pull behind disc John Deere Good 2 Portable Generator Good 3 Toro Lawn Mower 2017 Toro=series Z master 25.5HP Excellent 4 6-Inch Trash Pump Marrow Poor 5 Lab Incubator @ WWTP Fisher Scientific Good 6 Lab Oven @ WWTP Blue M Good 7 Weigh scales @ WWTP Fisher Scientific Good 8 Microscope Mxcromaster Good 9 SCBA equipment @ WTP Raco Average,haven't been certified and no longer in use 10 SCBA equipment @ WTP Scott Average,haven't been certified and no longer in use 11 3-Power Data Loggers 500a @ WWTP Good ESTIMATED INVENTORY LEVELS—PARTS, CHEMICALS,AND RESIDUALS Miscellaneous Parts Location Name/Description Category Size Qty Golden Gate comp.x male coupling Brass parts 3/4" 1 Golden Gate comp.x male coupling Brass parts 1" 1 Golden Gate comp x female coupling Brass parts 1" 1 Golden Gate 3"nipple Brass parts 3/4" 1 _Golden Gate 6"nipple Brass parts _ 3/4" 1 Golden Gate 12"nipple Brass parts 3/4" 1 Golden Gate comp.x comp.coupling Brass parts 1" 2 Golden Gate comp.x comp.coupling Brass parts 2" 2 Golden Gate meter spud Brass parts 1" 2 Golden Gate meter spanner Brass parts 3/4" 2 Golden Gate meter spanner Brass parts 1" 2 Golden Gate corp.stop Brass parts 3/4" 2 Golden Gate corp. stop Brass parts 1" 2 Golden Gate meter yoke Brass parts 1" 2 Golden Gate 3"nipple Brass parts 1-1/2" 2 4 9 8 Location Name/Description Category Size Qty Golden Gate fern x fern valve Brass parts 1" 4 Golden Gate meter yoke Brass parts 3/4" 4 Golden Gate comp.x comp. coupling Brass parts 3/4" 5 Golden Gate meter spud Brass parts 3/4" 6 Golden Gate fern x fem valve Brass parts _— 3/4" 6 Golden Gate comp.x comp. valve Brass parts 3/4" 10 Golden Gate comp.x comp.valve Brass parts 1" 10 1 Golden Gate wrap around repair bands Misc Parts 12" 2 Golden Gate tapping saddle Misc Parts 12" 2 Golden Gate wrap around repair bands Misc Parts 4" 2 Golden Gate hi-max Misc Parts 10" 2 Golden Gate tapping saddle Misc Parts 4" 2 Golden Gate tapping saddle Misc Parts 10" 2 Golden Gate mechanical sleeve Misc Parts 8" 2 Golden Gate mega lug Misc Parts 8" 2 Golden Gate flange Misc Parts 6" 2 Golden Gate flange Misc Parts 8" 2 Golden Gate flange Misc Parts 10" 2 Golden Gate meter boxes(double w/lid) Misc Parts 2 Golden Gate wrap around repair bands Misc Parts 2" 3 Golden Gate wrap around repair bands Misc Parts 10" 3 1 Golden Gate tapping saddle Misc Parts 6" 3 Golden Gate valve box Misc Parts 3 Golden Gate wrap around repair bands Misc Parts 6" 4 Golden Gate hi-max Misc Parts 6" 4 Golden Gate hi-max Misc Parts8" 4 Golden Gate wrap around repair bands Misc Parts 8" 5 Golden Gate tapping saddle Misc Parts 8" 6 Golden Gate valve box lid Misc Parts 8 Golden Gate meter boxes(single w/lid) _Misc Parts 12 Golden Gate Green Paint Misc Parts 16 5 _ 9B i Location Name/Description Category Size Qty Golden Gate Blue Paint Misc Parts 18 Golden Gate Green Flags Misc Parts 300 Golden Gate Blue Flags Misc Parts 1500 Golden Gate slip x slip coupling PVC Parts 1-1/2" 1 Golden Gate female adapter PVC Parts 2" 1 Golden Gate male adapter PVC Parts 3/4" 1 Golden Gate male adapter PVC Parts 1" I Golden Gate slip x slip 45 PVC Parts 2"" 2 Golden Gate union PVC Parts 3/4" 2 Golden Gate union PVC Parts 1-1/2" 2 Golden Gate comp.coupling PVC Parts 2" 2 Golden Gate comp.coupling PVC Parts 3" 2 Golden Gate comp.coupling PVC Parts 4" 2 Golden Gate comp.coupling PVC Parts 1" 3 Golden Gate slip x slip coupling PVC Parts 3" 4 Golden Gate slip x slip coupling PVC Parts 6" 4 Golden Gate slip x slip 45 PVC Parts 1-1/2" 4 Golden Gate slip cap PVC Parts 2"" 5 Golden Gate slip x slip coupling PVC Parts 4" 6 Golden Gate 12"nipple PVC Parts 1-1/2" 6 Golden Gate slip x slip x slip"T" PVC Parts 2" 6 1 Golden Gate female adapter PVC Parts 1" 7 Golden Gate female adapter PVC Parts 3/4" 10 Golden Gate slip x slip 45 PVC Parts 1" 10 Golden Gate slip x slip 90 PVC Parts 1" 10 Golden Gate slip x slip 90 PVC Parts 3" 10 Golden Gate female cap PVC Parts 1-1/2" 10 Golden Gate slip cap PVC Parts 1-1/2" 10 Golden Gate slip x slip x slip"T" PVC Parts 3/4" 10 Golden Gate slip x slip coupling PVC Parts 2" 12 Golden Gate male adapter PVC Parts 2" 12 6 98 Location Name/Description Category Size Qty Golden Gate 6"nipple PVC Parts 1-1/2" 12 Golden Gate slip x slip coupling PVC Parts 3/4" 15 Golden Gate slip x slip coupling 1 PVC Parts 1" 15 Golden Gate slip x slip 45 PVC Parts 3/4" 15 Golden Gate slip x slip 90 PVC Parts 3/4" 15 Golden Gate slip x slip 90 PVC Parts 2" 15 Golden Gate slip x slip x slip"T" PVC Parts 1-1/2" 15 Existing Chemicals,Diesel And Other Bulk Products - Target Levels For Collier County Transition PROJECT: Golden Gate WTP GROSS SIZE TARGET INVENTORY ITEM Units OF STORAGE LEVELS FOR PERCENT OF CONTAINER TRANSITION STORAGE (GALLONS/FT) Diesel Fuel - Plant Generator (Gallons) 2,000 1,000 50.00% Sodium Hypochlorite (Bleach) (Gallons) 4,000 2,000 50.00% Hydrofluosilisic Acid (Gallons) 325 163 50.00% Pebble Lime (Pounds) 75,000 37,500 50.00% Ammonium Sulfate (Gallons) 1,050 525 50.00% Caustic Soda (Gallons) 1,550 775 50.00% Lime Sludge (Gallons) 125,000 62,500 50.00% PROJECT: Golden Gate Booster Station GROSS SIZE TARGET INVENTORY ITEM Units OF STORAGE LEVELS FOR PERCENT OF CONTAINER TRANSITION STORAGE (GALLONS/FT) _Diesel Fuel - Generator (Gallons) 1,000 500 50.00% Total PROJECT: Golden Gate WWTP 7 1 96 GROSS SIZE TARGET INVENTORY ITEM Units OF STORAGE LEVELS FOR PERCENT OF CONTAINER TRANSITION STORAGE (GALLONS/FT) Diesel Fuel - Plant Generator (Gallons) 2,005 1,003 50.00% Diesel Fuel -DIW Generator (Gallons) 545 273 50.00% Sodium Hypochlorite (Bleach) (Gallons) 2,363 1,182 50.00% Sludge (Gallons) 300,000 150,000 50.00% INSURANCE POLICIES Florida Govermental Utility Authority Carrier Name Carrier Address Policy Number Type of Coverage Provided Property,Inland Marine,General Arch Insurance Company 400 Horsham Rd,P.O.Box GWPKG0212700 Liability,Professional Liability, 1957 Horsham PA 19044 Employee Benefits Liability,Automobile Liability 400 Horsham Rd,P.O.Box Arch Insurance Company 1957 Horsham PA 19044 GWFXS0212700 Excess Liability 3655 North Point Pkwy., Maxum Indemnity Company Suite 500 Alpharetta, 6029554-01 Excess Flood Georgia 30005 Indian Harbor Insurance Company 'Eagleview Blvd Suite PEC003886901 Pollution 100 Exton PA 19341 8 �� _ APPENDIX "B" TRANSITION PROJECTS FGUA TRANSITION PROJECTS FGu^mm FGUA Project JOB COMPLETION Contractor Description Comments No | No. DATE GUARANTEED ENERGY, WATER AND SIEMENS N/A WASTEWATER IN PROGRESS TBD PERFORMANCE | \ SAVINGS CONTRACT -- ---�-' | ------- -- --' - } | � TBD, GG WTP APPROVED, USWWT 18'115 OP EX ANTICIPATE PERIMETER FENCE IN PROGRESS 2/23/2018 GG WWTP OFFICE BUILDING SOFFIT APPROVED, USWWT 18-116 OP EX TBD AND FASCIA IN PROGRESS REPAIRS GG WWTF PLANT TBD, � APPROVED, USWWT 18-117 OP EX #1 AND#2 ANTICIPATE IN PROGRESS LIGHTING 2/29/2018 9B INSTR 5518004 OR 5482 PG 1759 RECORDED 3/1/2018 3:19 PM PAGES 2 DWIGHT E BROCK, CLERK OF THE CIRCUIT COURT COLLIER COUNTY FLORIDA REC$18.50 AFFIDAVIT Lea Ann Thomas (Affiant"), being first duly sworn, deposes and says that Seller makes these representations to the BOARD OF COUNTY COMMISSIONERS OF COLLIER COUNTY, FLORIDA, AS THE GOVERNING BODY OF COLLIER COUNTY AND AS EX-OFFICIO THE GOVERNING BOARD OF THE COLLIER COUNTY WATER-SEWER DISTRICT ("Purchaser"), and to AMERICAN GOVERNMENT SERVICES CORPORATION ("title agent") and COMMONWEALTH LAND TITLE INSURANCE ("title insurer"), to induce Purchaser to purchase and title insurer to insure the fee simple title to that certain real property described below,and Seller further states: 1. Affiant is the Chairperson of the FLORIDA GOVERNMENTAL UTILITY AUTHORITY ("Seller") and as such, has knowledge regarding the subject property. 2. Seller is the sole owner in fee simple and now in possession of the real property together with the improvements located thereon described as follows: See attached Exhibit"A" 3. Affiant hereby affirms and attests that, to the best of her knowledge, the Oil, Gas and Mineral Lease between Miles Collier and Barron Collier, Jr. (Lessor) and Humble Oil& Refining Company(Lessee) dated July 1, 1952 and recorded August 26, 1952 in Deed Book 24, Page 385 of the Public Records of Collier County, Florida; and the Oil, Gas and Sulphur Lease between and among Lee County Land Company, et al. dated December 3, 1940 and recorded December 28, 1940 in Deed Book 9,Page 560 of the Public Records of Collier County,Florida;have expired under the terms therein. 4. That, to the best of her knowledge, no mining, drilling or other work has taken place on the captioned property or on any property abutting, adjoining or contiguous thereto, pursuant to the above described lease, during the period of Seller's ownership of the captioned property. 5. Affiant understands that making a false statement under oath, knowing it to be false, is a misdemeanor of the first degree and is punishable by a definite term of imprisonment not exceeding one year as provided in Chapter 775 of the Florida Statutes. THIS AFFIDAVIT is made pursuant to Section 627.7842, Florida Statutes, for the purpose of inducing the Purchaser to close and the title insurer to insure the fee simple title to the Property and to disburse the proceeds of the sale. Seller intends for Purchaser and the title insurer to rely on these representations. Lea Ann Thomas,as Chair Florida Governmental Utility Authority STATE OF FLORIDA COUNTY OF HILLSBOROUGH SWORN TO and subscribed before me this 26th day of February,2018, by Lea Ann Thomas. Such person(Notary Public must check applicable box): [ is personally known to me. [ produced a current driver license. [ ] produced as identification. zz ; 4El EXHIBIT "A" Parcel 1 Parcel ID No. 37920040003 Tract 1, GOLDEN GATE ESTATES, UNIT 26, a Subdivision, according to the Map or Plat thereof on file and recorded in the Office of the Clerk of the Circuit Court, recorded in Plat Book 7, Pages 15 and 16, of the Public Records of Collier County, Florida; LESS AND EXCEPT that parcel of land conveyed to South Florida Management District described in Quit Claim Deed recorded in Official Records Book 1604, Page 800, of the Public Records of Collier County, Florida. Parcel 2 Parcel ID No. 36450440006 All of Blocks 255, 257 and 258, Unit 7, Golden Gate, a Subdivision, according to the Map or Plat thereof on file and recorded in the Office of the Clerk of the Circuit Court, recorded in Plat Book 5,page 135, of the Public Records of Collier County, Florida. Parcel 3 Parcel ID No. 36560120009 A parcel of land in Collier County, Florida, more particularly described as follows and being a part of the Plat of Tract A of GOLDEN GATE UNIT 8, PART 2, as recorded in Plat Book 9, Page 107-A, of the Public Records of Collier County, Florida, more particularly described as follows: COMMENCING at the Northwest corner of Tract A; thence running South a distance of 649.27 feet along the West boundary of said Tract A; thence running East 336.31 feet to a point, said point being also described as the POINT OF BEGINNING; thence run North 89° 54' 21" East, a distance of 331.15 feet to a point; thence run North 0° 09' 03" East a distance of 75.04 feet to a point; thence run North 23° 43' 43" East a distance of 104.18 feet to a point; thence run North 47° 07' 42" West a distance of 196.55 feet to a point; thence run South 89° 44' 56" West a distance of 184.50 feet to a point; thence run South 50° 09' 46" West a distance of 14.20 feet to a point; thence run South 11° 04' 09" West a distance of 113.36 feet to a point; thence run South 3° 45' 30" West a distance of 183.92 feet to the POINT OF BEGINNING. 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