The URL can be used to link to this page

Backup Documents 06/12/2018 Item #16I1 1611 BOARD OF COUNTY COMMISSIONERS MISCELLANEOUS CORRESPONDENCE June 12, 2018 1. MISCELLANEOUS ITEMS TO FILE FOR RECORD WITH ACTION AS DIRECTED: A. DISTRICTS: 1) Cedar Hammock Community Development District: Meeting Agenda 02/12/2018; 03/12/2018 Meeting Minutes 02/12/2018; 03/12/2018 2) Heritage Bay Community Development District: Meeting Agenda 03/01/2018; 03/19/2018; 03/26/2018; 04/05/2018 Meeting Minutes 03/01/2018; 03/19/2018; 03/26/2018; 04/05/2018 3) Naples Heritage Community Development District: Meeting Agenda 04/02/2018 Meeting Minutes 04/02/2018 4) Immokalee Fire Control & Rescue District: Board of Fire Commissioners 2017 Regular Meeting Schedule; District Audit FY Ended 09/30/2017 5) Immokalee Fire Control District Board of Fire Commissioners: 2016 Regular Meeting Schedule 6) North Collier Fire Control & Rescue District: District Audit FY Ended 09/30/2017 7) Quarry Community Development District: Proposed FY18/19 Budget (October 01, 2018 — September 30, 2019) 8) Verona Walk Community Development District: Proposed FY18/19 Budget (October 01, 2018 — September 30, 2019) B. OTHER: 1) Collier County Community Redevelopment Agency: 2017 Annual Report Legal Advertisement 2) Legal Aid Service of Broward County Audited Financial Statements for the year ended 12/31/2017 3) Water/Wastewater Authority Board: Notice of Public Meeting and Final Order 2018-01 Legal Advertisement 1 6 1 1 A 1 Cedar Hammock Community Development District Board of Supervisors Tom Cook,Chairman Bob Koncar,District Manager Gary McClellan,Vice Chairman Justin Faircloth,District Manager Larry Minamyer,Assistant Secretary Dan Cox,District Counsel Norman Day,Assistant Secretary Sam Marshall,District Engineer Quentin Greeley,Assistant Secretary Regular Meeting Agenda February 12,2018—3:00 p.m. Regular Board Meeting 1. Roll Call 2. Approval of Agenda 3. Old Business A. Bulkhead Presentation i. Bridging Solutions Email-January 18,2018 ii.Proposals/Discussion 4. Audience Comments 5. New Business A. Bridging Solutions Bridge Report 6. Manager's Report A. Fiscal Year 2019 Draft Budget Presentation B. Approval of the Minutes of the January 8,2018 Meeting C. Acceptance of Financials D. Follow Up Items 7. Attorney's Report A. Approval of Resolution 2018-02,Spending Resolution 8. Engineer's Report 9. Communication to Master Board 10. Supervisors' Reports,Request, and Comments 11. Adjournment Audit Committee Meeting 1. Audit Committee Selection Process for Fiscal Year 2018 A. Establishment of RFP Evaluation Criteria B. Authorization to Proceed with RFP 2. Adjournment THE NEXT REGULAR MEETING IS SCHEDULED FOR MARCH 12,2018 at 3:00 P.M. 1611A1 A > Ad Proof NapLr s Battu flews Sales Rep:Mereida Cardenas(N9103) Phone: Email: Account inform UI U Irtocrtion Information Date 09 I9,'1' This is a proof of your tel scheduled to nun on the dates indicated below. Please confirm placement prior to deadline by contacting your account Accor nl Number 531406(N056685) Company Name:CEDAR HAMMOCK COMMUNITY rt p FU . Ad Id: 1758137 P.O.No.: Tical Cost:_1;294.0( Contact Name: Email:Mona.Sl arghtcrid ST'Sc n iccs.com Tae Line:Notice of Meetings Cedar Fltunmock Com Address: 210 N UNIVERSITY DR #702. CORAL. SPRINGS, FL, C Stan Date:09122/17 Stop Date:09122.;17 33071 Number of Times:1 Class:16250-Public Notices Phone:(954)753-0380 Fax:(954)775-670l Publications:ND-Naples Daily News.ND-Internet-naplesnews.com Thank you for your business. Our commitment to a quality product includes the advertising in our publications. As such,Gannett reserves the right to cat- egorize,edit and refuse certain classified ads.Your satisfaction is important. If you notice errors In your ad,please notify the classified department immedi- ately cc,that we can make corrections before the second print date. The number to call is 239-263-4700. Allowance may not be made for errors reported past the second print date.The Naples Daily News may not issue refunds for classified advertising purchased in a package rate:ads purchased on the open rate may be pro-rated for the remaining full days for which the ad did not run. 16t 1A1 Ad hoof 1 agree this ad is accurate and as ordered. Notice of Meetings Cedar Hammock Community Development District The Board of Supervisors of the Cedar Hammock Community Development District will hold their meetings for Fiscal Year 2018 at the Cedar Hammock Clubhouse.8660 Cedar Hammock Boulevard,Naples,Florida at 3:00 p.m.on the second Monday of the following months except as noted: October 9,2017 November 13,2017 January 8,2018 February 12,2018 March 12,2018 April 9,2018 May 21,2018(third Monday) There may be occasions when one or more Supervisors will participate by telephone. Meetings may be continued to a date and time certain which will be announced at the meeting. In accordance with the provisionsoftheAmericanswith Disabilities Act,any person requiring special accommodations at this meeting because of a disability or physical impairment should contact the District Management Company, Severn Trent Services at(954)603-0033. If you are hearing or speech impaired, please contact the Florida Relay Service by dialing 7-1-1 or(800)955-8771(TTY)/(800)955-8770(Voice)for aid in contacting the District Office at least two(2)days prior to the date of the hearing and meeting. Each person who decides to appeal any action taken at these meetings is advised that person will need a record of the proceedings and that accordingly, the person may need to ensure that a verbatim record of the proceedings is made, including the testimony and evidence upon which such appeal is to be based, Bob Koncar District Manager September 22,2017 No.1758137 1 6 1 1 A 1 February 12,2018 Cedar Hammock CDD o Mr. Cook noted first we will have a presentation on bulkheads by Mr. McClellan, who will discuss actions and decisions the CDD has taken. Afterwards, we will introduce Bridging Solutions and hear their report and possible actions regarding the bridges. o Afterwards there will be audience comments limited to three minutes per person. o Then the CDD will look at the Fiscal Year 2019 budget, approve the January minutes, review financial statements, adopt the spending resolution, discussion related to the Audit Committee, and Supervisor Reports and Comments. o Mr. McClellan read a summary of the bulkhead project to date. A copy of his Synopsis of Discussions, Decisions and Actions by the Board of Supervisors of the Cedar Hammock CDD on Bulkheads is attached hereto and made a part of the public record as Exhibit A. o Mr. Cook thanked Mr. McClellan for the hard work he put into preparing his report. o Mr. Cook noted when Mr. Day addressed the last Master Board meeting,he did it without the knowledge or approval of the rest of the CDD Board. He acted alone. When he said he was not there as a CDD representative, that was wrong. Once he started talking about CDD business, namely the bulkheads, that was representing the CDD and was inappropriate. He neglected to tell the audience, one week earlier he had voted with the other four Supervisors in favor of the Board's action, to monitor the bulkheads and to fix them when they need repair. Not reporting his support was wrong. He hopes to not experience this again going forward. o Mr. Faircloth introduced Ralph Verrastro of Bridging Solutions. o Mr. Verrastro reviewed the executive summary. It summarizes the findings of their inspection of the eight golf cart bridges in the District. The bridges are approximately 19 years old. Constructional condition of bridge elements ranges from poor to satisfactory. o Construction damages were due to overload. Estimated costs for bridge repair is $190,000. o He recommended contacting Artistic Structure for immediate repairs. Mr. Faircloth contacted Artistic Structure and spoke to Travis. Travis, depending on the timeframe, he may be able to get a crew together. Immediate repairs could possibly be completed in one day. Regarding extensive repairs, it depends on working it out with Travis' time schedule. The next golf course shutdown will be Memorial Day Weekend and will be a 10-day shutdown, which could be extended to 14 days. Unapproved 2 1611 ( 1 February 12,2018 Cedar Hammock CDD On MOTION by Mr. Minamyer seconded by Mr. McClellan with all in favor engaging Artistic Structure for the short term repairs, but not be limited to Artistic Structure if they cannot find the time to do the repairs and proceed with seeking another vendor to complete the work as soon as possible was approved. o Mr. Verrastro recommended that all aprons be replaced as we replace the bridges. On MOTION by Mr. Greeley seconded by Mr. Minayer with Mr. Minayer, Mr. McClellan, Mr. Greely and Mr. Cook voting aye and Mr. Day voting nay to accept the report and proceeding with the recommended short term and long term repairs as noted in the report. o Since the Executive Summary is going to become a matter of record there are a couple of items to report on. The bridge on #17 is three and 1/2 years old and not 10 years old. In the second paragraph where it says, "There is also evidence of structural damage due to overloads on some of the bridges". Is there any evidence to that? Mr. Greeley MOVED to accept the February 5, 2018 Bridging Solutions Report and proceeding with the recommended short term and long term repairs at a cost of$190,000 on bridge repairs as noted in the report and Mr. Minamyer seconded the motion. o Mr. Day agreed emergency repairs should be done as soon as possible. But before investing a sizeable amount of money on any of the other bridges that are going to be used for bulkhead work, we should decide on what and when the bulkheads will be done because the bridges may not handle the type of bulkhead wall we are going to put in. For bridges 4 and 5A we have to figure out what we are doing about bulkhead walls. o Mr. Faircloth noted at the last meeting we decided we would wait ten years to move forward with bulkheads. o Mr. Cook stated I will make an exception and take Audience Comments now. o Mr. Jake is concerned with the first sentence in the second paragraph of the Engineer's Report where it states the Master Board is responsible for maintenance of the bulkheads and bridges. From our Memorandum of Agreement that was negotiated and signed, the Unapproved 3 1611A1 February 12,2018 Cedar Hammock CDD fact is there is very limited maintenance that we do. I would like that corrected with the word maintenance changed to limited maintenance. On VOICE vote with Mr. Greeley, Mr. Minamyer, Mr. McClellan and Mr. Cook voting aye and Mr. Day voting nay, the prior motion passed. o Mr. Faircloth will send out to selected bidders and get proposals. o If we do the repairs and replace the stringers, the bridges are salvageable for another ten years. o Mr. Marshall noted one possible solution to the bidding is you can hid it straight out as it is and always ask for an alternate for two bridges or whichever ones you select. On MOTION by Mr. Greeley seconded by Mr. Minamyer with all in favor the design and engineering services related to the repairs for the seven bridges by Bridging Solutions in the estimated amount of$18,000 including final design drawings/specifications, bidding services and construction engineering inspections was approved and then the Board will consider bridges 4 and 5 when the Board meets again in March,2018. o Mr. Cook asked the Board to consider the possibility of upgrading bridges 4 and 5 to 10- ton load ratings if possible. He presented a handout for possible repairs. o This item will be tabled until the next meeting. FOURTH ORDER OF BUSINESS Audience Comments o An audience member commented on the Synopsis read aloud earlier. o Jack commented on CDD communication to the community. o A resident commented on the link on the Cedar Hammock website. He requested the Board follow the lead of the Master Association, Mr. Read and staff. They send notices of when the next meeting will be held. They get reports from all the committees noting what issues they are dealing with. He does not see that from the CDD. Residents have to chase after the CDD to get information. He asked whether Mr. McClellan's Synopsis will be posted on the website. Unapproved 4 1 6 1 1 A 1 February 12, 2018 Cedar Hammock CDD o Dave is concerned with the Board postponing the bulkhead and the bridge repair projects. It sounds like the bridges are more of a concern than the bulkheads. o Gene asked about insurance for the CDD should there be an incident regarding the bulkheads. FIFTH ORDER OF BUSINESS New Business A. Bridging Solutions Bridge Report Discussed above. SIXTH ORDER OF BUSINESS Manager's Report A. Fiscal Year 2019 Draft Budget Presentation o The tentative budget was included in the agenda package. B. Approval of the Minutes of the January 8,2018 Report Minor corrections were made to the minutes and will be incorporated into them. .............__...... On MOTION Mr. Day seconded by Mr. Greeley with all in favor the minutes of the January 8, 2018 meeting were approved as amended. C. Acceptance of Financials o Mr. Faircloth noted as of today you are approximately 91% to 92% collected on your assessments. o The fund balance has gone up due to holding down of expenses. o At this point in time,the District is in a good financial position. Let the record reflect, Mr. Verrastro and Mr. Marshall left the meeting. On MOTION Mr. McClellan seconded by Mr. Greeley with all in favor the financial statements were accepted. SEVENTH ORDER OF BUSINESS Attorney's Report A. Approval of Resolution 2018-02 Spending Resolution Unapproved 5 1611A1 February 12,2018 Cedar Hammock CDD o Mr. Cook noted we discussed at the January meeting that it would have helped if we had this in the event of a catastrophic failure on a bulkhead,to be able to proceed immediately with repairs. o The resolution included in the agenda package is incorrect. o In Section 1, the blank for General Maintenance Expenses will be in an amount not-to- exceed$5,000. o In Section 2, the blank for Emergency Expenditures will be in an amount to expend no more than$50,000. Mr. Greeley MOVED to adopt Resolution 2018-02 as amended authorizing the disbursement of funds for payment of certain expenses for General Maintenance Expenses with a limit in an amount not-to-exceed $5,000 and for Emergency Expenditures in an amount to expend no more than $50,000 was adopted as amended and Mr. McClellan seconded the motion. o More discussion ensued on the resolution. On VOICE vote with all in favor the prior motion passed. SIXTH ORDER OF BUSINESS Manager Report(Continued) D, Follow Up Items o Mr. Faircloth noted this has been discussed with District Counsel. Between the last meeting and today, he was made aware two supervisors were at the Master Association meeting. It is very important we follow Sunshine Laws as a CDD because you are a government entity. There could be a potential discussion of items that could come before this Board for a vote and you are going to be at a meeting. That meeting should be noticed. o Mr. Day noted you arc telling me I cannot go to a Master Association meeting if there is another supervisor there? o Mr. Faircloth noted I am not saying that. I'm advising you of the Sunshine Law. If you as a Board want the ability to attend those meetings, as a resident, which you are entitled to do,there is no reason why you should be prohibited from going. Unapproved 6 1611A1 February 12,2018 Cedar Hammock CDD o In order to comply with the Sunshine Law, we should cross notice those Master Association meetings. o In order to cross notice,you have to meet three conditions: o #1 It has to be open to the general public. If the Master Association says their meetings are not open to the public and we will not allow the public to attend,you as a CDD Board member should not attend. o #2 If they allow the public to attend and we publicly notice it and minutes are taken, then there is no reason why you could not attend that meeting. o #3 It could be presumed that there could be a violation of Sunshine Law meaning two supervisors discussed an item that could come before this Board for a vote, such as the bulkhead wall,then the public could challenge that. o He recommended if multiple Board members are going to attend Master Association meetings or HOA meetings where items that could come before you as Board members and discussed,that we cross notice those meetings. o Staff recommended the CDD cross notice Master HOA meetings and also recommended future communication to the Master HOA Board from the CDD Board be completed via motion by the Board determining how the communication will be drafted and who will bring the communication to the Master HOA Board. o A very long discussion ensued on bidding on bulkhead walls. o Mr. Minamyer noted two years ago when we started talking about the bulkhead needs,the cost was about $200,000 to $500,000. As time progressed, the last number was $5 million and borrowing money so we can pay for it and strap the community with a $5 million debt. o Mr. Cook stated the whole idea of cross noticing the meetings is dead in the water because of the conditions that exist at the Master. o Conditions for attending or not attending a Master Association or HOA meeting were discussed at length. o If Board members have questions whether to attend or not, they can also contact District Counsel. Audit Committee Meeting 1. Audit Committee Selection Process for Fiscal Year 2018 Unapproved 7 1611Ai February 12, 2018 Cedar Hammock CDD 2. Establishment of RFP Evaluation Criteria 3. Authorization to Proceed with RFP o Mr. Faircloth noted per Statute, every three years you are to re-evaluate your auditor and by law you are required to have an audit every year to make sure the finances are being handled properly. We are coming up on the third year. When we approved the contract with your current audit provider,there was a one-year contract with two optional one year renewals. They were renewed every year and we are now on the third year. We need to re-evaluate your auditor. o In the past the entire Board was the Audit Committee. We need to evaluate the RFP criteria. o Once we get responses from the RFP you need to review that. We will put responses to the RFP in the agenda package. On MOTION by Mr. Greeley seconded by Mr. McClellan with all in favor the Board of Supervisors was approved to act as the Audit Committee. ...._..... On MOTION by Mr. Greeley seconded by Mr. McClellan with all in favor the RFP evaluation criteria was approved. On MOTION by Mr. Greeley seconded by Mr. McClellan with all in favor authorization to proceed with the RFP was approved. SIXTH ORDER OF BUSINESS Manager's Report(Continued) A. Fiscal Year 2019 Draft Budget Presentation o Mr. Faircloth spoke about the process of adoption of the budget. o At the next meeting, the tentative Fiscal Year 2019 budget will be approved. o At the May 21, 2018 Board meeting,the Fiscal Year 2019 budget will be adopted. o There were some minor changes from last year's budget. o There is an increase in the Inframark's fee by 3%. EIGHTH ORDER OF BUSINESS Engineer's Report There not being any,the next item followed. Unapproved 8 1611A1 February 12, 2018 Cedar Hammock CDD NINTH ORDER OF BUSINESS Communication to Master Board o Mr. Faircloth believes this year many boards will be required by law to have four hours of Ethics Training. That has not been passed yet. o Mr. Cook noted we continue to have a lot of algae in our lakes. Do the aerators make a difference? We switched water management companies five or six times. We looked for input from Severn Trent and tried to follow their suggestions. o Mr. Read responded noting he is disappointed with issues with several vendors. o Mr. Cook suggested visiting other communities and golf courses to look at their lakes and make a spread sheet with notes on what they do and the vendor they use. Then report back with the results. o Mr. Read noted Lake Masters is used by a number of communities throughout Southwest Florida and they have better results than they have here. o Mr. Faircloth recommended testing be done. We could have other companies come in and do testing on the lakes and see what their readings are. Mr. McClellan MOVED to complete a water quality test and Mr. ;Greeley seconded the motion. o Discussion ensued on water quality testing. On VOICE vote with all in favor the prior motion was passed. TENTH ORDER OF BUSINESS Supervisor's Reports, Requests and Comments o Mr. Day noted he has two motions. But, first he would hope we all recognize the community is very concerned about what is going on and we should be listening to them. Mr. Day MOVED to get bids for linear foot price rather than a total price to replace rotted cap boards on bulkheads and Mr. McClellan seconded the motion. o Discussion ensued on the above motion. o It would take at least one month to get proposals back. o Mr. Cook asked Mr. Day to modify the motion to follow the bridge repairs. Unapproved 9 1611A1 February 12, 2018 Cedar Hammock CDD o Mr. Day withdrew his prior motion. Mr. Day MOVED to have Bridging Solutions complete plans for Hole#16 wooden bulkhead to be constructed from the water side and a vinyl bulkhead with a small excavator from the shore without damaging the turf and get contractor bids for each and Mr. McClellan seconded the motion. On MOTION by Mr. Day seconded by Mr. McClellan with all in favor the prior motion was revised to read for Bridging Solutions to complete plans for wooden bulkhead on Hole #16 to be constructed from the water and a vinyl bulkhead from shore without damaging the turf and complete the project between May 15, 2019 to June 30,2019. o Mr. Faircloth suggested reviewing Mr. Verrastro of Bridging Solutions who addressed questions raised at a previous meeting including recommendations for cost of the wall. o Mr. Cook noted at the January Board meeting when we decided that we had a neighbor who had bulkheads that had extended life. We know that if we were to started replacing bulkheads we would incur a lot of money. The approach was monitoring and doing repairs as repairs are needed. It is the most balanced financial approach. I do not believe anyone's safety is compromised. Is there a risk going forward? Yes, it is possible. However,the decision the CDD Board has taken is the most prudent. o Mr. Minamyer agreed. The reason we are not moving ahead is because we keep backing up. We already have a decision and he does not want to change that decision. The approach being taken is the correct approach. o Mr. Day stated I do not think we have a good budget number without a bid. We should be looking more towards doing something rather than putting it off. o Mr. Cook asked does this need to be voted on today? o Some supervisors felt the motion should be postponed until the Board meeting in March. o Mr. Cook noted he is not ready to cast a vote. If the Board wants his vote, he will abstain. o Mr. Faircloth stated you are not allowed to abstain by law unless there is a conflict of interest. He would have to fill out a specific form explaining why you are abstaining. Unapproved 10 16i1A1 February 12, 2018 Cedar Hammock CDD o Mr. Faircloth noted there would be increased cost for a vinyl wall. We do not have any plans at all for a vinyl wall. With this motion, you would be authorizing the expense to pay Mr. Verrastro whatever fee it would cost. o Mr. Faircloth asked where would we get the money to do the bulkhead? It is$300,000. o Mr. Day stated take it out of the Roads. o Mr. Faircloth stated you have $117,000 in Roadways; $29,000 in the Lakes, $67,000 in bulkheads and $118,000 in Bridges. We are looking at $190,000 in Bridge costs alone. You do not have the cash to do the project without getting a loan. You can get a five- year loan without having to get it validated. If you go over five years, you have to get it validated. o Mr. Cook noted he does not feel prepared to vote at this time. He wanted time to consider and mull this over and then vote in March. o Supervisors debated back and forth on this issue. �Mr. Cook MOVED to table the prior motion to the March 12, 2018 Board Meeting and Mr. Greeley seconded the motion. lOn VOICE vote with Mr. Cook, Mr. Greeley, Mr. Day and Mr. McClellan voting aye and Mr. Minamyer voting nay, the prior motion passed. o Mr. Faircloth pointed out the motion that was made earlier did not include the dates and all the other information. In order for that motion to be considered, it would need to be changed. o The below motion will be tabled to March, 2018. On MOTION by Mr. Day seconded by Mr. McClellan with all in favor the prior motion was revised to read for Bridging Solutions to complete plans for wooden bulkhead on Hole #16 to be constructed from the water and a vinyl bulkhead from shore without damaging the turf and complete the project between May 2019 to June 2019. Unapproved 11 1611A1 February 12, 2018 Cedar Hammock CDD ELEVENTH ORDER OF BUSINESS Adjournment There being no further business, On MOTION by Mr. McClellan seconded by Mr. Cook with all in favor the meeting was adjourned at 6:09 p.m. Justin Faircloth Tom Cook Secretary Chairman Unapproved 12 1611A1 ExN�8;; A Synopsis of Discussions,Decisions,and Actions By the Board of Supervisors of the Cedar Hammock Community Development District(CDD)on Bulkheads The Board of Supervisors of the Cedar Hammock CDD is keenly aware of the increased interest by the Cedar Hammock membership in what discussions,decisions,and actions the CDI)has been taking regarding the bulkheads within the community. Being responsible for the infrastructure assets in Cedar I lammock,the CDD monitors, maintains,and,as needed,repairs, replaces,enhances, and improves these assets. One of the major assets is the bulkheads and in the last few years they have captured a growing amount of the CDD's attention due to their advancing age and needed maintenance and repairs and potential replacement. With the turnover of Cedar Hammock from the developer to the members in 2004,the CDD Board of Supervisors also came under community control. At that time the infrastructure assets were relatively young and generally in good condition, Nonetheless, issues did come up from time to time and were addressed, including a few involving the bulkheads. As time moved on,however, and plans by the Master Association included the golf course regrassing project for 2014,the CDD reviewed the status of the bulkheads to determine what action might be necessary to coincide with that event. In the Spring of 2012,the CDD commissioned an inspection of the bulkheads by James E.Hirst and Associates, Inc.,a local civil and structural engineering company. While the report given pointed out some issues, none were considered serious,and the overall conclusion was that the engineers "would estimate approximately ten years plus before this system will express conditions which would prompt the consideration of complete replacement." With that input,the CDD Board decided that the bulkheads were good for another decade and longer and needed no replacement or major work when the course regrassing was done in 2014. After the golf course project was completed, some bulkhead issues occurred that caused the CDD in early 2015 to have another inspection done,this time by the firm Artistic Structures,a well respected bulkhead construction company that has done work at Cedar Hammock over the years,along with the structural engineering firm Bridging Solutions which specializes in bridge and retaining wall engineering services. The concerns were primarily about holes 4, 5, 16,and 17 and dealt largely with problems with some whalers (the horizontal boards on the face of the bulkhead)which were bulging. A plan for repairs was developed and would he carried out by Artistic Structures, Since special brackets required to accomplish the repairs needed to be manufactured,the entire repair process proceeded over the next year. Additional maintenance was also carried out including power washing the bulkhead surfaces and applying sealer. During the Summer of 2015,the bulkhead along the tee box on hole 16 experienced a failure of the tie-back cables on one of the soldier piles causing a major bulge and concern about potential further damage. The bulkhead was inspected again by Artistic Structures and Bridging Solutions to determine needed repairs. The normal repair to the w 1611A1 bulkhead would be to excavate back to where the existing pile dcadman was located (approximately 20 feet back from the wall)and run new cable. Artistic Structures was fully engaged in other projects and could not do the work. Plus, it would have closed most of the tee box during the repair and necessitate reg,--;sing the tee area. alternative option was to bore into the existing wall and the tee arca with an auger which creates its own deadman and does not require excavation of the tee surface. This was a more costly procedure,but the repairs needed to be done. Adjacent bulkhead surfaces were inspected and it was decided to do similar repairs in several areas as a preventative measure. This work was accomplished by the N Square company. During 2015 some$70,000 in repairs and maintenance were performed on the bulkheads and the results were successful in the areas addressed. However,in the Summer of 2016, there was another tie-back failure on 16. It was not as serious es the previous one and repairs were able to be done by Cedar I lammock's own golf course maintenance crew after having the site evaluated by Bridging Solutions. With such issues becoming more frequent and concerning,the Board of Supervisors focused greater attention on eventually replacing the four bulkheads. In October 2016 the CDD contracted with Bridging Solutions to provide recommendations,replacement cost estimates,and priority ranking for bulkhead replacement. At the November 2016 meeting,a preliminary report stated that a timber wall replacement similar to the existing bulkheads would have a 35 year life expectancy at an estimated cost of$40 per square foot and a concrete segmented block wall retaining system would have a 75 year life expectancy at an estimated cost of$50 to$55 per square foot. Either of these options would require significant encroachment into the course(excavation up to 30 feet from the bulkhead)and take several weeks or longer to accomplish per hole. In addition,once completed, repairs to the course would be required and possibly take up to three months to recover.This would cause a major disruption to play on the course, impact revenue for the Club,have a significant impact on the Club staff,and limit the availability of certain amenities such as food and beverage services. All these consequences must be taken into consideration. Looking at potential cost and longevity,the small concrete block construction was viewed as a likely choice. At the December 2016 meeting,Bridging solutions was contracted to provide engineering services for design,bid preparation,and bid review for the bulkheads on holes 16 and 17. On site visits and inspections were accomplished by Bridging Solutions,along with a representative of Banks Engineering(the CDD's"in house"engineering consultants) during January 2017. In an update report at the February 20l7 meeting, Bridging Solutions estimated the cost for both walls to be$280,000. General Manager Tom Read, who had attended numerous previous CDD meetings and given valuable input to issues under discussion,again highlighted the impact on the course and Master Board budget considerations as well as the difficulty of booking a golf course contractor on short notice. Advanced planning for a project of this nature is a necessity. This also holds true for scheduling a bulkhead contractor,many of whom are booked well in advance, especially for prime time to do such work which is at the end of Season and before the 1611A1 rainy season get into full gear and the ponds start to refill. It was then decided by the Supervisors to delay the project until April 2018. At the March 2017 meeting, an alternative construction option was discussed. Supervisor Day had contacted a local firm(Garland and Garland)that could construct a wood bulkhead similar to what currently exists but do it from the water side and minimize damage to the course. They use an auger method similar to what was used to repair 16 previously,but this one is much larger and provides greater support to the new wall. The process would also allow for the existing wall to remain in place and the new wall erected in front of it. The April 2017 meeting continued the discussion of the bulkheads with Bridging Solutions addressing a persistent concern about the possibility of having to bore into bedrock if the soldier piles can not be driven in sufficiently. If additional boring were required, it would significantly increase the cost. (The issue of hitting bedrock or not has been an ongoing point of discussion between the engineers and Board members. Historically in Cedar Hammock there has never been a problem due to a soldier pile being dislodged from the bottom.) But looking at the estimated costs provided by Garland and Garland of approximately$70 per square foot,the cost for the four bulkheads would be approximately$1.3 to$1.5 million. The next CDD meeting was not until October 2017. Four Supervisors were present;Mr. Day could not attend. When the issue of bulkheads came up,Bridging Solutions provided a 90%complete design package,which is all that was required at the time. It also presented an estimate for a timber retaining wall budget. It was noted that the previous Garland and Garland cost estimate did not include the possibility of hitting bedrock and the subsequent need to drill into it if it were encountered. Bridging Solutions contacted another construction company,TSI Disaster Recovery LLC,for a budget estimate. In their calculations the estimate went from$70 to$186 per square foot; roughly two and a half times more. This was sobering to the Supervisors present and further discussion was undertaken on the cost and longevity of construction options, funding options,contingency plans for a bulkhead failure and how to keep the course open,and contractor scheduling. It was agreed by those present that the cost of a wood replacement as presented was excessive and a motion to have a final design drawn up for a concrete block wall was passed. All Supervisors were present for the November 2017 meeting. During previous bulkhead discussions, the Supervisors recognized and took into consideration the potential costs to the Club of closing down the course for a period of time because of bulkhead replacement. It was generally agreed that the CDD would be willing to reimburse the Master Board for damage to the course(greens,regrassing, irrigation equipment,tee box repair,cart path,etc.),lost revenues to the Club,and staff costs. (Subsequently the CDD was advised by its lawyer that under State statutes it could pay for damages to the course, but it could not reimburse for the other loses and costs.) 1611A : Mr.Read and Master Board Vice President Lawrence attended the meeting and provided comments and input to the discussions. Mr.Read discussed that the Master Board would be closing the Clubhouse for refurbishment from approximately June 1st through mid- July 2019 during which time the food and beverage amenities would be shut down. There was discussion about postponing bulkhead work to coincide with that project. Mr. Day also expressed his opinion that information used as the basis for the motion approved in the October meeting to reject the wood wall in favor of the concrete block wall should be reviewed by another engineer and to get a second opinion on the two types of wall construction,the methods of construction, cost estimates,and timeframes. He made a motion to this affect which was passed on a three to two vote. The next meeting was held in January 2018. Supervisor Day relayed that he had shown the Bridging Solutions calculations and engineering data to another engineer who had no problems with them. The other engineer did take exception to Bridging Solutions recommendations concerning core drilling of rock,suggesting there were alternatives to this which would keep costs down. He also suggested Mr. Day talk with another contractor who recommended a construction process using interlocking vinyl sheeting. Mr.Day explained that the vinyl material was more expensive than wood, but time would be saved in installation resulting in an overall lower cost for installation. The installation method apparently would also cause little or no damage to the course and the wall would have a 50 year guarantee. There was further discussion about the difference of opinion over the bedrock issue. Supervisor Minamyer then discussed his visit with the golf course supervisor at Naples Heritage to discuss their bulkheads. Naples Heritage is a sister US Homes development a couple of years older than Cedar Hammock and Mr. Minamyer wanted to investigate their experiences with bulkheads. Naples Heritage has used a firm named.TTM to do repairs to their bulkheads and spoke highly of the work done. They have fewer bulkheads than Cedar Hammock and with the maintenance and repairs that have been carried out they have not had significant issues with them. Following on, Mr.Minamyer recommended delaying replacement of bulkheads until the next regrassing which is being considered for 2028,doing what preventative maintenance can be anticipated and making required repairs as needed in the interim. His thought being that this would allow the CDD time to accumulate funds without having to borrow money or issue a bond and permit and provide ample time for coordination between the CDD and the Master Board to incorporate the bulkhead replacement into the regrassing project. In addition,since the course would be shut down during that project,if a more invasive construction process for bulkhead replacement would be selected,it would not present a problem. His recommendation was concurred in by the other Supervisors. Discussion continued concerning the need to develop an emergency spending resolution as a contingency should something occur and it was agreed that this would be done expeditiously. Mr. Day, expressing concern about hole 16,also suggested getting a contractor proposal for replacement of the bulkhead to get a cost estimate. The District Manager pointed out that this had already been done with the report provided by Bridging Solutions. Mr.Day then suggested putting out a bid for two wall options(wood and 1 6 1 1 A 1 vinyl)to see what the price would be. Staff noted that numbers had previously been obtained and that there were previous decisions by the Board that would need to he rescinded or revised before such a motion could be considered.. It was then moved by Mr.Minamyer to rescind the motion approved in the November meeting. The vote was unanimous in favor. In a recap of the Board's bulkhead discussions and actions, Chairman Cook summarized that the Board will move ahead toward a bulkhead solution during the next regrassing using the October 2017 motion of the small concrete block construction for budgeting purposes while being alert to any needed repairs in the interim. The District Manager added that Bridging Solutions would be informed of the Board's intentions and be asked to identify other construction options available,such as the vinyl mentioned by Mr.Day,. This brings you up to date on Board bulkhead discussions and actions. It is hoped that this synopsis gives you a clearer idea of what the CDD has been doing regarding bulkheads. As can be seen,the Board of Supervisors draws upon the advice and input of a range of professionals and experts in the engineering and construction fields and strives to do its due diligence in addressing the issue. It also tries to look at the impact and implications of actions it takes(or doesn't take)and factor that into its decisions. The CDD also takes very seriously its fiduciary responsibility and duty to the owners in Cedar Hammock. Infrastructure assets often carry a large price tag so the Board is very sensitive to the financial implications of its actions. It also recognizes the need for and strongly espouses a cooperative and coordinated relationship with the Master Board in order to have a positive impact on the community and to sustain and enhance the investment we all have in Cedar Hammock. Hopefully it is clear that the Board of Supervisors is not ignoring the issue and is committed to finding a solution. As can be seen from this summary, there are various construction and material options to consider as well as differing Opinions about some of the information and data acquired to date. It can also be seen that decisions and positions can and do change as information is gathered and factored into the decision making process. Catastrophic failures are largely unpredictable. Developing problems can be detected and remedial steps taken or repairs made when needed. Finally, as a governmental entity governed by Chapter 190 of the Florida State Statutes, the CDD operates under Florida's Sunshine Law. Its meeting are open to all and no business can be accomplished or discussed between the Supervisors outside of a properly noticed meeting. Public attendance at the meetings is encouraged and there is a website that carries important CDD information. The site is CedarHammockCDD.com. There is also a link to that site on the Cedar Hammock webs ite. 1611A1 Synopsis of Discussions,Decisions,and Actions By the Board of Supervisors of the Cedar Hammock Community Development District(CDD) on Bulkheads The Board of Supervisors of the Cedar Hammock CDD is keenly aware of the increased interest by the Cedar Hammock membership in what discussions,decisions,and actions the CDD has been taking regarding the bulkheads within the community. Being responsible for the infrastructure assets in Cedar Hammock, the CDD monitors, maintains,and,as needed, repairs, replaces,enhances, and improves these assets. One of the major assets is the bulkheads and in the last few years they have captured a growing amount of the CDD's attention due to their advancing age and needed maintenance and repairs and potential replacement. With the turnover of Cedar Hammock from the developer to the members in 2004,the CDD Board of Supervisors also came under community control. At that time the infrastructure assets were relatively young and generally in good condition. Nonetheless, issues did come up from time to time and were addressed, including a few involving the bulkheads. As time moved on,however, and plans by the Master Association included the golf course regrassing project for 2014,the CDD reviewed the status of the bulkheads to determine what action might be necessary to coincide with that event. In the Spring of 2012, the CDD commissioned an inspection of the bulkheads by James E. Hirst and Associates, Inc., a local civil and structural engineering company. While the report given pointed out some issues,none were considered serious,and the overall conclusion was that the engineers "would estimate approximately ten years plus before this system will express conditions which would prompt the consideration of complete replacement." With that input,the CDD Board decided that the bulkheads were good for another decade and longer and needed no replacement or major work when the course regrassing was done in 2014. After the golf course project was completed, some bulkhead issues occurred that caused the CDD in early 2015 to have another inspection done,this time by the firm Artistic Structures,a well respected bulkhead construction company that has done work at Cedar Hammock over the years,along with the structural engineering firm Bridging Solutions which specializes in bridge and retaining wall engineering services. The concerns were primarily about holes 4, 5, 16,and 17 and dealt largely with problems with some whalers (the horizontal boards on the face of the bulkhead) which were bulging. A plan for repairs was developed and would be carried out by Artistic Structures. Since special brackets required to accomplish the repairs needed to be manufactured,the entire repair process proceeded over the next year. Additional maintenance was also carried out including power washing the bulkhead surfaces and applying sealer. During the Summer of 2015, the bulkhead along the tee box on hole 16 experienced a failure of the tie-back cables on one of the soldier piles causing a major bulge and concern about potential further damage. The bulkhead was inspected again by Artistic Structures and Bridging Solutions to determine needed repairs. The normal repair to the 1611A1 bulkhead would be to excavate back to where the existing pile deadman was located (approximately 20 feet back from the wall)and run new cable. Artistic Structures was fully engaged in other projects and could not do the work. Plus, it would have closed most of the tee box during the repair and necessitate regrassing the tee area. An alternative option was to bore into the existing wall and the tee area with an auger which creates its own deadman and does not require excavation of the tee surface. This was a more costly procedure, but the repairs needed to be done. Adjacent bulkhead surfaces were inspected and it was decided to do similar repairs in several areas as a preventative measure. This work was accomplished by the N Square company. During 2015 some$70,000 in repairs and maintenance were performed on the bulkheads and the results were successful in the areas addressed. However, in the Summer of 2016, there was another tie-back failure on 16. It was not as serious as the previous one and repairs were able to be done by Cedar Hammock's own golf course maintenance crew after having the site evaluated by Bridging Solutions. With such issues becoming more frequent and concerning,the Board of Supervisors focused greater attention on eventually replacing the four bulkheads. In October 2016 the CDD contracted with Bridging Solutions to provide recommendations, replacement cost estimates,and priority ranking for bulkhead replacement. At the November 2016 meeting, a preliminary report stated that a timber wall replacement similar to the existing bulkheads would have a 35 year life expectancy at an estimated cost of$40 per square foot and a concrete segmented block wall retaining system would have a 75 year life expectancy at an estimated cost of$50 to$55 per square foot. Either of these options would require significant encroachment into the course(excavation up to 30 feet from the bulkhead)and take several weeks or longer to accomplish per hole. In addition, once completed, repairs to the course would be required and possibly take up to three months to recover.This would cause a major disruption to play on the course, impact revenue for the Club, have a significant impact on the Club staff, and limit the availability of certain amenities such as food and beverage services. All these consequences must be taken into consideration, Looking at potential cost and longevity,the small concrete block construction was viewed as a likely choice. At the December 2016 meeting,Bridging solutions was contracted to provide engineering services for design,bid preparation,and bid review for the bulkheads on holes 16 and 17. On site visits and inspections were accomplished by Bridging Solutions, along with a representative of Banks Engineering(the CDD's "in house"engineering consultants) during January 2017. In an update report at the February 2017 meeting, Bridging Solutions estimated the cost for both walls to be$280,000. General Manager Tom Read, who had attended numerous previous CDD meetings and given valuable input to issues under discussion,again highlighted the impact on the course and Master Board budget considerations as well as the difficulty of booking a golf course contractor on short notice. Advanced planning for a project of this nature is a necessity. This also holds true for scheduling a bulkhead contractor,many of whom are booked well in advance, especially for prime time to do such work which is at the end of Season and before the 161 rainy season get into full gear and the ponds start to refill. It was then decided by the Supervisors to delay the project until April 2018. At the March 2017 meeting,an alternative construction option was discussed. Supervisor Day had contacted a local firm(Garland and Garland)that could construct a wood bulkhead similar to what currently exists but do it from the water side and minimize damage to the course. They use an auger method similar to what was used to repair 16 previously, but this one is much larger and provides greater support to the new wall. The process would also allow for the existing wall to remain in place and the new wall erected in front of it. The April 2017 meeting continued the discussion of the bulkheads with Bridging Solutions addressing a persistent concern about the possibility of having to bore into bedrock if the soldier piles can not be driven in sufficiently. If additional boring were required, it would significantly increase the cost. (The issue of hitting bedrock or not has been an ongoing point of discussion between the engineers and Board members. Historically in Cedar Hammock there has never been a problem due to a soldier pile being dislodged from the bottom.) But looking at the estimated costs provided by Garland and Garland of approximately$70 per square foot,the cost for the four bulkheads would be approximately$1.3 to$1.5 million. The next CDD meeting was not until October 2017. Four Supervisors were present;Mr. Day could not attend. When the issue of bulkheads came up,Bridging Solutions provided a 90%complete design package,which is all that was required at the time. It also presented an estimate for a timber retaining wall budget. It was noted that the previous Garland and Garland cost estimate did not include the possibility of hitting bedrock and the subsequent need to drill into it if it were encountered. Bridging Solutions contacted another construction company,TSI Disaster Recovery LLC,for a budget estimate. In their calculations the estimate went from$70 to$186 per square foot; roughly two and a half times more. This was sobering to the Supervisors present and further discussion was undertaken on the cost and longevity of construction options, funding options,contingency plans for a bulkhead failure and how to keep the course open,and contractor scheduling. It was agreed by those present that the cost of a wood replacement as presented was excessive and a motion to have a final design drawn up for a concrete block wall was passed. All Supervisors were present for the November 2017 meeting. During previous bulkhead discussions,the Supervisors recognized and took into consideration the potential costs to the Club of closing down the course for a period of time because of bulkhead replacement. It was generally agreed that the CDD would be willing to reimburse the Master Board for damage to the course(greens, regrassing, irrigation equipment,tee box repair,cart path, etc.), lost revenues to the Club,and staff costs. (Subsequently the CDD was advised by its lawyer that under State statutes it could pay for damages to the course, but it could not reimburse for the other loses and costs.) 1611A1 Mr. Read and Master Board Vice President Lawrence attended the meeting and provided comments and input to the discussions. Mr.Read discussed that the Master Board would be closing the Clubhouse for refurbishment from approximately June 1st through mid- July 2019 during which time the food and beverage amenities would be shut down. There was discussion about postponing bulkhead work to coincide with that project. Mr. Day also expressed his opinion that information used as the basis for the motion approved in the October meeting to reject the wood wall in favor of the concrete block wall should be reviewed by another engineer and to get a second opinion on the two types of wall construction,the methods of construction, cost estimates, and timeframes. He made a motion to this affect which was passed on a three to two vote. The next meeting was held in January 2018. Supervisor Day relayed that he had shown the Bridging Solutions calculations and engineering data to another engineer who had no problems with them. The other engineer did take exception to Bridging Solutions recommendations concerning core drilling of rock,suggesting there were alternatives to this which would keep costs down. He also suggested Mr. Day talk with another contractor who recommended a construction process using interlocking vinyl sheeting. Mr. Day explained that the vinyl material was more expensive than wood, but time would be saved in installation resulting in an overall lower cost for installation. The installation method apparently would also cause little or no damage to the course and the wall would have a 50 year guarantee. There was further discussion about the difference of opinion over the bedrock issue. Supervisor Minamyer then discussed his visit with the golf course supervisor at Naples Heritage to discuss their bulkheads. Naples Heritage is a sister US Homes development a couple of years older than Cedar Hammock and Mr. Minamyer wanted to investigate their experiences with bulkheads. Naples Heritage has used a firm named JTM to do repairs to their bulkheads and spoke highly of the work done. They have fewer bulkheads than Cedar Hammock and with the maintenance and repairs that have been carried out they have not had significant issues with them. Following on, Mr.Minamyer recommended delaying replacement of bulkheads until the next regrassing which is being considered for 2028, doing what preventative maintenance can be anticipated and making required repairs as needed in the interim. His thought being that this would allow the CDD time to accumulate funds without having to borrow money or issue a bond and permit and provide ample time for coordination between the CDD and the Master Board to incorporate the bulkhead replacement into the regrassing project. In addition,since the course would be shut down during that project, if a more invasive construction process for bulkhead replacement would be selected, it would not present a problem. His recommendation was concurred in by the other Supervisors. Discussion continued concerning the need to develop an emergency spending resolution as a contingency should something occur and it was agreed that this would be done expeditiously. Mr. Day,expressing concern about hole 16,also suggested getting a contractor proposal for replacement of the bulkhead to get a cost estimate. The District Manager pointed out that this had already been done with the report provided by Bridging Solutions. Mr. Day then suggested putting out a bid for two wall options(wood and 1611A1 vinyl)to see what the price would be. Staff noted that numbers had previously been obtained and that there were previous decisions by the Board that would need to be rescinded or revised before such a motion could be considered.. It was then moved by Mr.Minamyer to rescind the motion approved in the November meeting. The vote was unanimous in favor. In a recap of the Board's bulkhead discussions and actions, Chairman Cook summarized that the Board will move ahead toward a bulkhead solution during the next regrassing using the October 2017 motion of the small concrete block construction for budgeting purposes while being alert to any needed repairs in the interim. The District Manager added that Bridging Solutions would be informed of the Board's intentions and be asked to identify other construction options available,such as the vinyl mentioned by Mr. Day. This brings you up to date on Board bulkhead discussions and actions. It is hoped that this synopsis gives you a clearer idea of what the CDD has been doing regarding bulkheads. As can be seen,the Board of Supervisors draws upon the advice and input of a range of professionals and experts in the engineering and construction fields and strives to do its due diligence in addressing the issue. It also tries to look at the impact and implications of actions it takes(or doesn't take)and factor that into its decisions. The CDD also takes very seriously its fiduciary responsibility and duty to the owners in Cedar Hammock. Infrastructure assets often carry a large price tag so the Board is very sensitive to the financial implications of its actions. It also recognizes the need for and strongly espouses a cooperative and coordinated relationship with the Master Board in order to have a positive impact on the community and to sustain and enhance the investment we all have in Cedar Hammock. Hopefully it is clear that the Board of Supervisors is not ignoring the issue and is committed to finding a solution. As can be seen from this summary,there are various construction and material options to consider as well as differing opinions about some of the information and data acquired to date. It can also be seen that decisions and positions can and do change as information is gathered and factored into the decision making process. Catastrophic failures are largely unpredictable. Developing problems can be detected and remedial steps taken or repairs made when needed. Finally,as a governmental entity governed by Chapter 190 of the Florida State Statutes, the CDD operates under Florida's Sunshine Law. Its meeting are open to all and no business can be accomplished or discussed between the Supervisors outside of a properly noticed meeting. Public attendance at the meetings is encouraged and there is a website that carries important CDD information. The site is CedarHammockCDD.com. There is also a link to that site on the Cedar Hammock website. Agenda Page#5 RALPH VERRASTRO, PE e,'; god mow 16 % 1A1 ► SOLUTIONS 0'";tl Ralph Verrastro,PE specializes in the design,inspection,evaluation,technical supervision,and quality assurance/quality control for new and rehabilitation bridge projects. He graduated with a BS in Civil Engineering from Cornell University in 1976. His career includes bridge design experience throughout the United States and he is a registered Professional Engineer in 37 states. Mr.Verrastro is a technical expert in the use of fast track repair/replacement methods using prefabricated bridge components also known as Accelerated Bridge Construction. He has extensive experience in the evaluation and repair of bridges including historic metal truss bridges and concrete arch bridges. He served as the Specialty Structural Engineer for over 500 bridge structures throughout the USA working as a consultant to precast concrete manufacturers. He frequently provides technical presentations on engineering topics at industry conferences.See a listing of presentations and publications on the 2nd page of this resume.Mr.Verrastro is the Past President of the Florida Engineering Society(FES)Calusa Chapter and the current Zone VI Vice President of FES.The following projects are examples of bridge engineering experience by Mr.Verrastro with Bridging Solutions: Charter School of Collier County Entrance Bridge,Collier County,FL—Bridging Solutions prepared the final design plans and specifications for the entrance bridge over the Cocohatchee Canal for a new charter school off immokalee Road in Golden Gate Estates,The new bridge is a 55 foot span,adjacent,prestressed slab beam bridge founded on pile supported end bents. Babcock Ranch Entrance Bridge, Charlotte County, FL — Bridging Solutions prepared the final design plans and specifications for the entrance"faux"bridge to the new Town of Babcock Ranch off FL Route 31. The new entrance bridge incorporated 140 foot long by 16 feet high steel through trusses supported on shallow concrete spread footings. Willow Run Entrance&Interior Bridges,Naples,FL—Bridging Solutions prepared the final design plans and specifications for two bridges in the new community of Willow Run off Collier Boulevard in East Naples,FL.The entrance bridge consists of a 42 foot, single span, adjacent, prestressed slab beams supported on GRS-IBS abutments. The interior bridge consists of a precast concrete arch supported on shallow concrete spread footings. Cowpen Slough Bridge Replacement,Sarasota,FL—Bridging Solutions prepared preliminary and final design plans for the replacement of a bridge over the Cowpen Slough at the Sarasota County Landfill.The new bridge consists of a 120 foot span steel though pony truss supported on shallow concrete spread footings. Lee County Complete Streets Project,Lee County,FL—Bridging Solutions was hired by Thomas Marine Construction, Inc. to perform the design of 2 pedestrian bridges that provided access for a new multi-use path over wetland sloughs on this design- build project for the Lee County MPO. Both bridges consisted of welded steel trusses with CIP concrete decks supported on CIP concrete abutments founded on spread footings. Rock Ridge Road Bridge Load Rating, Polk County, FL—Bridging Solutions was hired by Wright Construction Group to perform the final load rating for this bridge based on the as-built conditions upon substantial completion for the replacement of this bridge under a design build contract with FDOT District 1.The new bridge is a single,42 foot span structure,constructed using 18"deep,prestressed,adjacent,concrete slab units with transverse post tensioning.The load rating update was required because 1.5" of additional asphalt were placed on the bridge to make up an unforeseen grade differential on the roadway approaches. Bridge Program Study Report— Phase 4, Collier County, FL-This project involved the inspection and evaluation of 20 bridges for Collier County, Florida, The bridge types included box culverts, prestressed concrete slab, prestressed AASHTO beam, and prestressed tee beam type bridges. We prepared a report that summarized the inspection findings and provided recommendations for repair and/or replacement of the bridges.The recommendations also included a proposed sequence and prioritization of the bridge repairs and replacements. Collier County is currently using the recommendations included in the report as a tool for planning their future bridge repair and replacement program. We design bridges to fit your site and budget. 1611A1 Agenda Page#6 � oB DT Io G S Ralph Verrastro,PE Presentations A Bridge by Others?Florida Engineering Society Annual Conference,August,2017 A Bridge by Others?Peace River Engineering Society&ASCE West Palm Beach Chapter, March,2017 Bridge Structure Flood Emergency Training,APWA Southwest Branch,January,2017 Phased Accelerated Bridge Construction with GRS/IBS Abutments, National Accelerated Bridge Construction Conference, December,2015 Accelerated Bridge Construction Case Study:Design Build Replacement of Rock Ridge Rd.Bridge, FDOT Design Expo,2014 Melbourne Street Bridge Replacement,APWA Florida Statewide Conference,2013 Accelerated Bridge Construction 101,ASCE Florida Section Annual Meeting,2012 Bridge Structure Flood Emergency Training,APWA Florida Statewide Conference,2010 Bridge Structure Flood Emergency Training, Collier County Bridge Department,2010 Bridge Structure Flood Emergency Training,Sarasota County Public Works Department,2010 Bridge Structure Flood Emergency Training.Citrus County Public Works Department,2010 Accelerated Bridge Construction Using Prefabricated Products.ASCE Florida Section Annual Meeting,2009 Accelerated Bridge Construction Using Prefabricated Products,APWA Florida Statewide Conference,2009 Bridge Structure Flood Emergency Training,Lee County Transportation Department,2009 Accelerated Bridge Construction Using Prefabricated Products,Florida Engineering Society Annual Conference,2008 Precast Concrete 101,Professional Engineers Continuing Education Symposium,2007 Bridge Design and Construction,Professional Engineers Continuing Education Symposium,2007 Innovative Tools and Techniques—Prefabricated Bridge Components,Land Development National Conference,2007 Bridge Design Coordination for Land Development Projects,American Society of Civil Engineers,Tampa Chapter,2007 Prefabricated Bridge Components,American Society of Civil Engineers Florida Section Annual Conference,2006 Bridge Design Coordination for Land Development Projects,Land Development West Conference,2006. Land Development Bridges,Central New York Engineering Expo,2005 Rehabilitation of the McKinley Avenue Bridge over the Norfolk-Southern Railroad,NYSDOT Local Bridge Conference,2005 Structure Selection—Small Bridges,Cornell University—Local Roads Program,2005 Bridge Design Workshop,Association of Bridge Construction and Design,2005 Bridge Design Workshop,Precast Concrete Association of New York,2005. Precast Box Culverts.National Engineers Week,2003 Rehabilitation of the Bridge Street Bridge over Chemung River,New York State Association of Transportation Engineers Annual Conference,2000 Truss Bridge Floor Beam Replacement During Stage Construction.International Bridge Conference, 1998 Repairing Metal Truss Bridges,National Association of County Engineers—Annual Conference,Buffalo, 1997 Publications Bridging Responsibilities,Florida Engineering Society Journal,May 2016 PRECASTSLAB+(GRS+IBS)=ABC,Florida Engineering Society Journal,June 2015 Bridging Responsibilities,Land Development Today,August 2005 Proper Management Improves Process,Land Development Today,August 2005 Land Development Bridges,Revitalization(Supplement to CE News),May 2005 Truss Bridge Floor Beam Replacement During Stage Construction,Proceedings of the International Bridge Conference,June 1998 2 We design bridges to fit your site and budget. 1611A1 From: Ralph Verrastro [mailto:ralph(a),bridging-solutions.coin] Agenda Page#7 Sent: Thursday, January 18, 2018 12:14 PM To: Faircloth, Justin <Justin.Faircloth@inframark.com> Cc: Rolando Corsa <rolando(abridging-solutions.com>; Gina Verrastro <gina(abridging-solutions.com> Subject: Re: Cedar Hammock CDD - Meting summary 1/8/18 Justin, I just talked to Paul and he let me know he was terminated from his postion and he gave me the number for his replacement Todd Legan. I put a call into Todd regarding setting a date for next week to inspect the bridges. Here are some comments and questions related to your meeting minutes: 1. I am available to attend the February 12th CDD meeting at 3 PM. Should I arrive at 3 PM? Given the short time between now and then, we will attempt to get you a draft report related to the bridges on Friday the 9th. 2. I noticed the comment about the golf cart bridges at Naples Heritage. Can you provide more information about the bridges at Naples Heritage? Are they the same age as the ones at Cedar Hammock? Supervisor Minamyer apparently visited the course. Can you have him give me a call to discuss? The minutes mention JTM doing the repairs. Do you know of them? 3. Supervisor Day wanted to know what weight load the additional 20% would provide. We designed golf cart bridges at Quail West last year for a 10 ton vehicle. The engineering designation for this loading is H10. It is a truck with a front axle weighing 2 tons and the rear axle is 8 tons. The rear axle wheel loads are 4 tons each or 8,000 pounds. The estimated additional cost we mentioned is a guesstimate - we didn't request hard numbers for that upgrade. They needed the upgrade because they use the bridges to deliver sand for maintenance purposes. We are also aware that Mediterra is considering upgrading their golf cart bridges to an Hl0 loading to allow emergency vehicle access in the event of a brush fire or hurricane. 4. Seek all available options for bulkhead replacements with the plan to wait until 2028 when the regressing of the golf course occurs. The small concrete blocks reinforced with geogrids is the lowest cost option ($45 to $50/SF) if a 75 year life expectancy is desired. If a 35 year life is acceptable, replacing in kind using pressure treated timber would be less expensive ($40/SF). The large concrete blocks suggested by Mr. Day would be in the $60/SF range. We have provide this information in the past. There are numerous other types of walls but they would be more expensive. 5. If bedrock was hit they would drive a really large rod through the rock before the concrete would be poured. The cost of such a method would be about $500/ft. Supervisor Day rejected this idea because of the large cement trucks that would need to be driven all over the golf course. The $500/ft cost would work out to be $63/SF assuming a 8 foot high average wall height so it is higher than the small block wall system. 6. If the Board decides they want to proceed' with the small block wall system, we could proceed to prepare the 90% plans in accordance with the contract they already approved. We could then request hard bids from a competent wall contractor that the Board could use to budget for 2028. 7. As you are aware, we have not performed soil borings for the 4 tall walls (4,5,16 and 17). However, based on experience gained by Travis Pritchard with Artistic Structures, probes performed by us at hole #16, and comments provided by Sam Marshall, we understand that these lakes were established by blasting rock using dynamite. Therefore, rock outcrops and boulders will very likely be encountered if any type of pile or sheet pile wall system is used. 16I1A1 Please provide responses to the question embedded above and feNeritqlgefct3 forward this e-mail to the Board. We look forward to meeting with them again next month. Regards, Ralph Ralph Verrastro, PE Principal _ �ler SBOLUDTIG ONS Bridging Solutions, LLC 15863 Secoya Reserve Circle Naples, FL 34110 Phone: 239-216-1370 ralphbridging-solutions.com www.bridgIng-solutions.com 0000 1611Ai February 5, 2018 Prepared for: Cedar L./Hammock GOLF&COUNTRY CLUB Prepared by: BR DGIoNG CEDARS HAMMOCK GOLF & COUNTRY CLUB Golf Cart Bridge Inspection and Evaluation Report NAPLES, FLORIDA RALPH VERRASTRO, PE BRIDGING SOLUTIONS, LLC 15863 SECOYA RESERVE CIRCLE NAPLES, FLORIDA 34110 THIS ITEM HAS BEEN ELECTRONICALLY SIGNED AND SEALED BY RALPH VERRASTRO,PE.ON FEBRUARY 5,2018 USING A DIGITAL SIGNATURE.PRINTED COPIES OF THIS DOCUMENT ARE NOT CONSIDERED SIGNED AND SEALED AND THE SIGNATURE MUST BE VERIFIED ON ANY ELECTRONIC COPIES. 1 6 1 1 A 1 414:4Frop-cos port Golf Cart Bridge Inspection and Evaluation Report Appendix Site Map—Tab 1 Field Notes—Tab 2 Inspection Photographs—Tab 3 Example Composite Deck Runners—Tab 4 Bridge Repair and Replacement Cost Estimate—Tab 5 BRIDGING *pr. SOLUTIONS 1611A1 BRIDGING Cedar Hammock Golf&Country Club SOLUTIONS 04 ''�# � This report summarizes the findings of our inspection of the 8 golf cart bridges located in the Cedar Hammock Golf&Country Club in Naples, Florida. It also provides recommendations for replacement of the bridges. The bridges are approximately 19 years old except for the bridge near the tees for hole 4#17 which we believe is approximately 10 years old. The structural condition of the bridge elements vary from poor to satisfactory. We observed intermittent structural damage on some of the bridge elements on all of the bridges due to moderate to heavy checking and rot. There is also evidence of structural damage due to overloads on some of the bridges. The structural deck boards are in very poor condition and should be replaced with the next 1 or 2 years. We estimate that 40%of the stringers and 10%of the pile cap boards may need to be replaced during the deck board replacement. See Tab 5 in the Appendix for a summary cost estimate for the bridge repairs and replacement. The estimated cost for the bridge repairs is $190,000. The report also provides recommendations for short term repairs that should be performed as soon as possible. No loads heavier than a golf cart should cross any of the bridges until these repairs are performed. The eight bridges are all 10 feet wide out to out and have a total length of 1,376 feet.The total deck area is approximately 13,760 square feet. The estimated replacement cost is $550,400 for a basic timber golf cart bridge and $756,800 with the upgrades that will increase the life span of the bridges, including a 10 ton design live load, composite deck runners, textured polymer deck coatings,polymer/acrylic coatings on the curbs and bridge fascia and a 6 month maintenance check. O ,,A1641 4 The Cedar Hammock Golf & Country Club is responsible for the maintenance of the eight (8) golf cart bridges.The bridges were constructed in the year 1999 using treated timber materials that consist of structural deck boards, stringers and pile bents for the piers and abutments. Partial width composite wear deck boards were added within the past 9 years.The total linear footage for the eight bridges is approximately 1,376 feet. Five (5)of the bridges span lakes (at golf holes 4, 5A,5B,7 and 10)and the other three (3)are wetland or preserve crossings(at golf holes 9, 17 and 18). Most of the bridges have PVC utility pipes supported on the underside of the bridges. The total bridge widths curb to curb are 10 feet. See Tab 1 in the Appendix for a location map that shows where each of the bridges are located. We refer to the beginning ends of the bridges in the direction g g of play on the course and refer to the right and left side of the 11717!1'4:::::7:—.;...;--•: , '" " : bridges based on this orientation. :it Bridge No. 4 — This golf cart bridge is approximately 10 feet wide and 108 feet long and it is located near the island green ,; We design bridges to fit your site and budget. 2 1611A1 BRIDGING Cedar Hammock Golf&Country Club ► SOLUTIONS at hole#4.The superstructure consists of 10 feet (+/-) spans, 3X10 structural deck boards, 5— 3X10 stringers and 4x6 curbs.The substructure consists of 2—8"diameter butt piles and a pair of 3X10 split cap beams. The piles extend on average 8 feet above the ground line. The total area is approximately 1080 square feet, Bridge No. 5A—This golf cart bridge is approximately 10 foot wide and 123 feet long. It is located near the tees at hole #5. The superstructure consists of 10 feet (+/-) spans, with 2X6 wear deck boards, 3X8 structural deck boards, 5 — 3X10 stringers and 4x6 curbs. The substructure consists of 2 — 8" diameter butt piles and a pair of 3X10 split cap beams.The piles extend on average 8 feet above the ground line.The total area is approximately 1,230 square feet. Bridge No. 5B —This golf cart bridge is approximately 10 feet n wide and 125 feet long. The superstructure consists of 10 feet -x- (+/-) spans, with 2X6 wear deck boards, 3X8 structural deck - boards, 5 — 3X10 stringers and 4x6 curbs. The substructure consists of 2—8"diameter butt piles and a pair of 3X10 split cap beams. The piles extend on average 8 feet above the ground line.The total area is approximately 1,250 square feet. i k Snfc`) _J z Bridge No. 7 — This golf cart bridge is approximately 10 feet wide and 70 feet long and it is located near the tees at hole#7. The superstructure consists of 10 feet (+/-) spans, with 2X6 wear deck boards, 3X8 structural deck boards, 5 — 3X10 stringers and 4x6 curbs. The substructure consists of 2 — 8" � diameter butt piles and a pair of 3X10 split cap beams.The piles ', P extend 8 feet above the ground line. The total area is -r approximately 700 square feet. Bridge No.9-This golf cart bridge is approximately 10 feet wide •1‘ and 560 feet long and it is located near the tees at hole#9.The superstructure consists of 10 feet (+/-) spans, with 2X6 wear deck boards,3X8 structural deck boards,5—3X10 stringers and 4x6 curbs. The substructure consists of 2 — 8" diameter butt piles and a pair of 3X10 split cap beams. The piles extend 4 feet above the ground line. The total area is approximately 5,600 square feet. We design bridges to fit your site and budget. 3 1 6 1 1 A 1 vow Cedar Hammock Golf&Country Club SSOLUT ONS Bridge No. 10 - This golf cart bridge is approximately 10 feet s ,, wide and 120 feet long and it is located near the tees on hole " " + #10. The superstructure consists of varied span lengths maximum 10 feet (+/-), with 3x8 deck planks, 5-3x10 stringers and 8x6 curbs.The substructure consists of 2—8"diameter butt piles and a pair of 3X10 split cap beams. The piles extend 8 feet above the ground line on average. The total area is approximately 1,200 square feet. Bridge No. 17 - This golf cart bridge is approximately 10 feet wide and 45 feet long and it is located near the tees on hole #17. The superstructure consists of varied span lengths " M maximum 10 feet (+/-),with 3x8 deck planks, 6-3x12 stringers ' and 8x6 curbs.The substructure consists of 2—8"diameter butt piles and 8X8 cap beams. The piles extend 2 feet above the ground line.The total area is approximately 450 square feet. Bridge No. 18 - This golf cart bridge is approximately 10 feet wide and 225 feet long and it is located near the green on hole 3 ' "' #18. The superstructure consists of 3x8 deck planks with 2X6 wear deck boards, 6 - 3x12 stringers and 4x6 curbs. The substructure consists of 2—8"diameter butt piles and a pair of 3X10 split cap beams. The total square footage is approximately 2,250 square feet. ,s' The following notes summarize the common deficiencies observed on the bridges.See Tab 2 in the Appendix for a copy of our field notes and see Tab 3 for a copy of some typical inspection photographs. 1. The deck boards are in very poor condition due to splitting, checking, and rot. 2. The stringers are in poor to satisfactory condition due to splitting, checking and loosening of the fasteners to the deck.Some of the stringers are permanently deflected between pile bents. We estimate that 40%of the stringers may need to be replaced if the deck boards are replaced if a maintenance approach is desired. 3. The split cap boards are in fair condition due to moderate splitting and checking. We estimate that 10% of the cap boards may need to be replaced if the deck boards are replaced if a maintenance approach is desired. 4. The through bolts on some of the bridges are bent downward due to overloading. 5. The curbs are in very poor condition due to heavy splitting and checking. 6. The piles are in satisfactory condition due to moderate checking and rot especially near the ground line. We design bridges to fit your site and budget. 4 161 lA „,1 BRIDGING Cedar Hammock Golf&Country Club SOLUTIONS 4.0 S I REPA cOMM N A[ON5 0 4*4 °" L rF. - . The following deficiencies should be repaired as soon as possible due to safety concerns related to the structural damage that has occurred. We painted white spots near the locations on the bridges where the repairs are located. The repairs could include replacing the subject member or adding additional stringers beside or under the failed member. We recommend hiring Artistic Structures to perform these repairs on a time and material basis. No loads heavier than a golf cart should cross any of the bridges until these repairs are performed. 1. The first deck board on Bridge No. 5A deflects excessively. 2. There is a failed deck board in the 3rd span of Bridge No. 7. 3. On Bridge No. 9, the right fascia beams in the first 2 spans have full depth cracks. 4. On Bridge No. 10,there is excessive rot damage near the top of the right fascia stringer in span 2 and on right and left fascia stringers in the last span. 5. There is a failed deck board in the middle half of the bridge on Bridge No. 18. 6. There are 2 failed stringers (left fascia stringer and 3rd stringer from the left) in a span near the center of Bridge No. 18. 7. There is a failed stringer in span 1 of Bridge No. 18.The repairs performed last year after Hurricane Irma in span 1 should be redone because the new stringers that were added don't have full bearing on the cap beams and they rely on the old rotted stringers to transfer loads to the new stringers. See the photograph below. ;b g� .ao^ 6 We design bridges to fit your site and budget. 5 16 1 1 A 1 BRIDGING Cedar Hammock Golf&Country Club ' SOLUTIONS 5.Q LONG TE M PAIR REC MENDATIO To allow the bridges to remain in service for another ten (10)years,the deck boards and curbs should be replaced within the next 1 or 2 years with the exception of Bridge No.17.In addition, we estimate that approximately 40%of the stringers(2 out of 5 in each span) may need to be replaced.The best time to decide which stringers to replace will be after the deck boards have been removed. We recommend using longer deck screws than normally specified due to the rotting of the tops of the stringers. We estimate that 10%of the pile cap boards may need to be replaced during the deck replacement project. No loads heavier than a golf cart should cross any of the bridges until these repairs are performed. We recommend full replacement of all the bridges in ten (10) years when the course is scheduled for reconstruction. The utilities mounted on the underside of the bridges will need to be temporarily supported or replaced during construction and the concrete approach slabs at each abutment should be replaced. We evaluated the possibility of trying to salvage the existing bridge piles. However, we have concluded that we do not recommend that approach for reasons that include: • The exposed portions of the piles appear to be good but there could be deterioration below the ground line. • We have concerns about fit up with the new cap due to the bridge curvatures. • The new timber bridge components would have a design life of 35 to 40 years and the remaining older piles would deteriorate sooner which would require full replacement prematurely. The minimum design live load for golf cart bridges is typically a 5 ton vehicle.If the maintenance staff plans to cross the bridges using vehicles heavier than 5 tons,we recommend designing the bridges for a 10 ton (H10) design live load. The community also gains the advantage of the ability for emergency vehicles to use the bridges in the event of a brush fire or hurricane event. We recommend installing full or partial width composite longitudinal wear deck boards (or composite runners) over the pressure treated timber deck boards to protect the deck boards from UV damage from the sun and the abrasion caused by golf cart traffic.We also recommend applying a textured polymer overlay over the deck boards and the wear deck. This approach removes the cart traffic from damaging the structural deck and allows for a much longer life span of the structural decking. Also, replacing the wear deck and reapplication of the polymer coatings are simpler and cheaper over time than replacing the structural decking. See Tab 4 in the Appendix for some pictures of composite runners with a textured polymer overlay that were provided by York Bridge Concepts, Inc. We also recommend applying a polymer/acrylic sealant on the side of the bridges and curbing which provides additional protection from the elements. We design bridges to fit your site and budget. 6 1 6 1 1 A ler SOLUTIONS Cedar Hammock Golf&Country Club tinrCOMIBOATIONS Based on recent bids at other local golf courses, the estimated cost to remove the existing bridges and construct new timber golf cart bridges will be approximately$40 per square foot. To incorporate the installation of some of the recommended upgrades including a 10 ton design live load,composite deck runners,textured polymer deck coatings,polymer/acrylic coatings on the curbs and bridge fascia and a 6 month maintenance check, the cost would increase to approximately$55 per square foot. The eight bridges are all 10 feet wide out to out and have a total length of 1,376 feet.The total deck area is approximately 13,760 square feet.The estimated replacement cost is$550,400 for a basic timber golf cart bridge and $756,800 with the upgrades mentioned above that would increase the life span of the bridges. The estimated cost for the design and engineering services related to the repairs for the 7 bridges are summarized below: Final Design Drawings and Specifications $10,000 Bidding Services $3,000 Construction Engineering Inspections $5,000 The estimated cost for the design and engineering services related to the replacement of the 8 bridges are summarized below: Final Design Drawings and Specifications $25,000 Bidding Services $5,000 Construction Engineering Inspections $10,000 We design bridges to fit your site and budget. 7 1611A1 BRIDGING Cedar Hammock Golf Country Club 'SOLUTIONS SEGMENTAL BLOCK WALL REPLACEMENT COST SUMMARY R S J ji;yY tr i 's-,:F M16p 4 d+Y�?.�9=a.y at�x., u�. ..o ...Vis. .. `. Putting Green 110 3 330 $16,500 Hole#2 142 4 568 $28,400 Hole#4 903 9 8,127 $406,350 Hole#5 985 10 9,850 $492,500 Hole#8 92 4 368 $18,400 Hole#13 111 4 444 $22,200 Hole#16 375 8 3,000 $150,000 Hole#17 275 10 2,750 $137,500 Driving Range 301 4 1,204 $60,200 Entrance Road 20 4 80 $4,000 TOTAL WALL AREA w ; "' $50/SF used for wall replacment costs : � � (SF) .= * Wall height includes embedment 26,721 $1,336,050 1611A1 6 o ti liar: E i1 li X1 -swg rro n �� go, 2 Pi IIi s !1111!111J �: I ill IIILI !IIIIi l.: p V •'v- u U u V V 8 c a U u 5 g 1 8 8' N t... g O E .1 C $ I M 'Q.': ,, lV '. Ey v N Y3" uS ® • ! • • ! • ! .' ! _„ *o * ! 0 ! • ® : O . ov 8 8 - 8 8 8 8 80 Pµµ 0 p8 8 B8y `° 8 m� , Q O O A m N O 1. f0 f0 u O 4 - o fp- 4l r Fes-. f N m m N T F 8 p b SR ��yy, p O p C yyy� O 8 8 8 8 8 O 3 8 8 8 8 8 G 8 8: 8 ci O p O N <,2 5 ,0., ��ii 5O�� gg 8 5• o �.. 25 g] 8i a orco - "' ,dui: vi Y i.- .. .- N M a 3 m _ [a a o g a a s a 1q i O O a I . ;� N d as u hi m y E a a I a jt v 5i Ii S s t 4 4 213111 gga % gVi $ W U s' I. ,h, ih.» a 4 8 it ••y 3 : , 1 „oma,"- o, 11' 1. Iliti 8 I; 1 . I rd I 1 1 '11' il `''' g g s m jinn 1 - i ° 9 . 16 -E j m A 0 S 1 m mrn U 9 3 C i:: clall90 b h 1 6 1 1 A 1 CEDAR HAMMOCK Community Development District Annual Operating and Debt Service Budget Fiscal Year 2019 Version 1 - Proposed Budget: (Printed on 1118/2018 4pm) Prepared by: 6INFRAMARK 1'1FRAStRUC?E/R(; ',IANAC,10.IENT 4f.R VICE 16 1iA CEDAR HAMMOCK Community Development District Budget Overview Fiscal Year 2019 1 6 1 1 A CEDAR HAMMOCK Community Development District Table of Contents Page# OPERATING BUDGET General Fund Summary of Revenues,Expenditures and Changes in Fund Balances 1-2 Budget Narrative 3-6 Exhibit A-Allocation of Fund Balances 7 SUPPORTING BUDGET SCHEDULES 2018-2019 Non-Ad Valorem Assessment Summary 8 1611A1 CEDAR HAMMOCK Community Development District Operating Budget Fiscal Year 2019 16tUI CEDAR HAMMOCK Community Development District General Fund Summary of Revenues,Expenditures and Changes in Fund Balances Fiscal Year 2019 Proposed Budget ADOPTED ACTUAL PROJECTED TOTAL ANNUAL ACTUAL ACTUAL BUDGET THRU JAN- PROJECTED BUDGET ACCOUNT DESCRIPTION FY 2016 FY 2017 FY 2018 DEC-2017 SEP-2018 FY 2018 FY 2019 REVENUES Interest-Investments $ 3,494 $ 3,150 $ 2,017 $ 778 1,239 2,017 $ 2,017 Special Assmnts-Tax Collector 279,650 279,650 379.523 347,750 31,773 379,523 379,523 Special Assmnts-Discounts (10,201) (10,283) (15,181) (13,749) (1,432) (15,181) (15 181) Other Miscellaneous Revenus $ 5,988 $ 5,988 Total $ - $ - $ - $ - $ - $ - $ TOTAL REVENUES 272,943 272,517 366,359 340,767 31,580 372,347 366,359 EXPENDITURES Administrative ProfServ-Engineering 7,544 22,806 30,000 528 29,472 30,000 30,000 ProfServ-Legal Services 1,363 1,413 2,000 355 1,645 2,000 2,000 ProfServ-Mgmt Consulting Sery 35,146 32,130 37,286 9,322 27,966 37,288 38,407 ProfServ-Property Appraiser 4,195 4,195 5,693 4,195 - 4,195 5,693 ProfServ-SpecialAssessment 2,855 2,855 2,855 2,855 - 2,855 2,941 ProfServ-Web Site Maintenance - 617 637 637 637 656 Auditing Services 5,000 5,000 5,000 - 5,000 5,000 5,000 Postage and Freight 407 1,050 765 161 604 765 765 Insurance-General Liability 7,135 7,235 7,500 7,2357,235 7,959 Printing and Binding 738 933 1,000 318 954 1,272 1,272 Legal Advertising 1,839 2,090 2,394 589 1,805 2,394 2,394 Misc-Bank Charges 690 656 700 167 501 668 700 Misc-Assessmnt Collection Cost 3,291 3,618 7,590 6,680 910 7,590 7,590 Misc-Web Hosting 682 115 232 159 73 232 239 Office Supplies 121 - 400 33 99 132 400 Annual District Filing Fee 175 175 175 175 - 175 175 Total Administrative 71,181 84,888 104,227 32,772 69,666 102,438 106,190 Annual Operating Budget Fiscal Year 2019 Page 1 161UA1 CEDAR HAMMOCK Community Development District General Fund Summary of Revenues,Expenditures and Changes In Fund Balances Fiscal Year 2019 Proposed Budget ADOPTED ACTUAL PROJECTED TOTAL ANNUAL ACTUAL ACTUAL BUDGET THRU JAN• PROJECTED BUDGET ACCOUNT DESCRIPTION FY 2016 FY 2017 FY 2018 DEC-2017 SEP-2016 FY 2018 FY 2019 Field ProfServ-Field Management 700 1,450 1,494 - 1,494 1,494 1,539 Contracts-Water Mgmt Services - 7,200 7,200 2,400 4.800 7,200 7,200 Utility-Cameras 2,305 1,288 1,320 317 951 1,268 1,268 Electricity-Wells 1,271 2,885 3,000 476 1,428 1,904 3,000 Electricity-Aerator 139 1,648 2,000 97 291 388 2,000 R&M-Lake 5,822 3,000 - 3,000 3,000 3,000 R&M Bridges 8,000 R&M-Bulkheads 8,000 R&M-Plant Replacement - 1,593 3,015 - 3,015 3,015 3,015 Misc-Contingency 17,699 15,868 - - 21,312 Capital Outlay - 22,875 9,945 - - 9,945 Capital Outlay-Bulkheads 28,290 - 1,500,000 - - - - Reserve-Bridges 100,465 - 20,910 - - - 20,910 Reserve-Bulkheads - 45,332 83,980 - - - 83,980 Reserve-Lakes - 442 15,000 - - - 15,000 Reserve-Roadways - 195,200 72,000 5,457 5,457 72,000 Total Field 149,512 297,612 1,738,732 8,747 14,979 23,726 260,169 Debt Service 238,732 Interest Expense - 23,400 - - - - Total Debt Service - 23,400 - - TOTAL EXPENDITURES 220,693 382,500 1,866,359 41,519 84,645 126,164 366,359 Excess(deficiency)of revenues Over(under)expenditures 52,250 (109,983) (1,500,000) 299,248 (53,065) 246,183 - OTHER FINANCING SOURCES(USES) Loan Proceeds - - 1,500,000 - - - TOTAL OTHER SOURCES(USES) - - 1,500,000 - - - - Not change in fund balance 52,250 (109,983) - 299,248 (53,065) 246,183 - Fund balance-audit adjustments - - - - - - - FUND BALANCE,BEGINNING - 717,404 607,421 607,421 - 607,421 853,604 FUND BALANCE,ENDING $ 717,404 $ 607,421 $ 607,421 $ 906,669 $ (53,065) $ 853,604 $ 853,604 Annual Operating Budget Fiscal Year 2019 Page 2 161 U Cedar Hammock Community Development District General Fund Budget Narrative Fiscal Year 2019 REVENUES: Interest Income The District earns interest on the monthly average collected balance for their operating accounts, money market accounts and certificates of deposits. Special Assessments-Tax Collector The District will levy a Non-Ad Valorem assessment on all sold and platted parcels within the District in order to pay for the operating expenditures during the Fiscal Year. Special Assessments-Discounts Per Section 197.162, Florida Statutes, discounts are allowed for early payment of assessments. The budgeted amount for the fiscal year is calculated at 4% of the anticipated Non-Ad Valorem assessments. EXPENDITURES: Administrative: Prof Service-Engineering The District's engineer will be providing general engineering services to the District, i.e., attendance and preparation for monthly board meetings,review invoices,etc. Prof Service-Legal Services The District's legal counsel will be providing general legal services to the District, i.e., attendance&preparation for monthly meetings,review operating&maintenance contracts,etc. Prof Service-Management Consulting Sery The District receives Management, Accounting and Administrative services as part of a Management Agreement with Inframark Infrastructure Management Services. These services are further outlined in Exhibit"A"of the Management Agreement. A 3%increase is proposed. Prof Service-Property Appraiser The Property Appraiser provides the District with a listing of the legal description of each property parcel within the District boundaries,and the names and addresses of the owners of such property. The District reimburses the Property Appraiser for necessary administrative costs incurred to provide this service. Per the Florida Statutes,administrative costs shall include,but not be limited to,those costs associated with personnel, forms, supplies,data processing, computer equipment, postage, and programming. The budget for property appraiser costs was based on 1.5%of gross assessments. Annual Operating Budget Fiscal Year 2019 Page 3 1611A1 t Cedar Hammock Community Development District General Fund Budget Narrative Fiscal Year 2019 Prof Service-Special Assessment The District's Collection Agent will be providing financials services which include the collection of prepaid assessments, maintenance of District's assessment roll and levying the annual operating and maintenance assessments. Prof Service—Web Site Maintenance Inframark Infrastructure Management Services maintains the District's email accounts& updates the web site information. A 3% increase is proposed. Auditing Services The District is required annually to conduct an audit of its financial records by an Independent Certified Public Accounting Firm. Postage and Freight Mailing of agenda packages,overnight deliveries, correspondence,etc. Insurance-General Liability The District's General Liability& Public Officials Liability Insurance policy is with The Florida League of Cities, Inc. The Florida League of Cities, Inc. specializes in providing insurance coverage to governmental agencies. Printing& Binding Printing and Binding agenda packages for board meetings, printing of computerized checks, stationary,envelopes etc. Legal Advertising The District is required to advertise various notices for monthly Board meetings, public hearings, etc. in a newspaper of general circulation. Misc-Bank Charges Bank analysis fees that are incurred during the year. Misc-Assessment Collection Costs The District reimburses the Tax Collector for necessary administrative costs. Per the Florida Statutes, administrative costs shall include, but not be limited to, those costs associated with personnel, forms, supplies, data processing, computer equipment, postage, and programming. The District also compensates the Tax Collector for the actual cost of collection or 2% on the amount of special assessments collected and remitted, whichever is greater. The budget for collection costs was based on a maximum of 2%of the anticipated assessment collections. Misc—Web Hosting The District incurs expenses to maintain and renew their website domain and email accounts. Annual Operating Budget Fiscal Year 2019 Page 4 1611A1 Cedar Hammock Community Development District General Fund Budget Narrative Fiscal Year 2019 Office Supplies Miscellaneous office supplies required for the preparation of agenda packages. Annual District Filing Fee The District is required to pay an annual fee of$175 to the Dept of Economic Opportunity Div. Field Services: Prof Service—Field Management Inframark Infrastructure Management Services inspects the field and provides an annual report. Contracts—Water Mgmt Services Professional services for environmental permit compliance. Currently all fees associated with the renewal of the Water Use Permit. Contracts-Water Quality Professional services in monitoring water quality for reporting to regulatory agencies. Utility—Cameras Comcast provides monitoring services for the District's gate cameras. Electricity-Wells FPL provides electrical services for the District's pumps at the following addresses: • 8684 Cedar Hammock Circle- Well#4 Meter KL35128 • 3639 Cedar Hammock Court—Well#6 Meter ACD4996 Electricity-Aerators FPL provides electrical services for the District's pumps at the following addresses: • 3826 Wax Myrtle Run—Meter ACD4234 • 8892 Cedar Hammock Blvd—Meter ACD4976 • 3766 Buttonwood Way—Meter ACD8387 R&M-Lake Repair and maintenance expenses related to lakes including washout repairs and erosion. R&M—Plant Replacement Replace landscape plantings at pumps. Mise-Contingency Any current year Field expenditure that may not have been provided for in the budget. Annual Operating Budget Fiscal Year 2019 Page 5 1611Ai Cedar Hammock Community Development District General Fund Budget Narrative Fiscal Year 2019 Capital Outlay Capital expenditures for items such as irrigation equipment or other items meeting capital expenditure requirements. Reserve-Bridges Funds to be set aside for future bridge expenditures as determined by the BOS. Reserve-Bulkheads Funds to be set aside for future bulkhead expenditures as determined by the BOS. Reserve-Lakes Funds to be set aside for future lake expenditures as determined by the BOS. Reserve-Roadways Funds to be set aside for future roadway expenditures as determined by the BOS. Annual Operating Budget Fiscal Year 2019 Page 6 1611A1 CEDAR HAMMOCK Community Development District General Fund Exhibit"A" Allocation of Fund Balances AVAILABLE FUNDS Amount Beginning Fund Balance-Fiscal Year 2019 $ 853,604 Net Change in Fund Balance-Fiscal Year 2019 - Reserves-Fiscal Year 2019 Additions 191,890 Total Funds Available(Estimated)-9/30/2019 1,045,494 ALLOCATION OF AVAILABLE FUNDS Assigned Fund Balance Operating Reserve-First Quarter Operating Capital 43,617 (1) Reserves-Bridges Prior Year's Reserve Funding 118,180 FY 2018 Reserve Funding 20,910 FY 2019 Reserve Funding 20,910 160,000 Reserves-Bulkheads Prior Year's Reserve Funding 67,360 FY 2018 Reserve Funding 83,980 FY 2019 Reserve Funding 83,980 235,320 Reserves-Lakes Prior Year's Reserve Funding 29,553 FY 2018 Reserve Funding 15,000 FY 2019 Reserve Funding 15,000 59,553 Reserves-Roadways Prior Year's Reserve Funding 117,866 FY 2018 Reserve Funding 72,000 Use of Reserves in FY18 (5,457) FY 2019 Reserve Funding 72,000 256,409 Subtotal 754,899 Total Allocation of Available Funds 754,899 Total Unassigned(undesignated)Cash $ 290,595 Notes (1)Represents approximately 3 months of operating expenditures Annual Operating Budget Fiscal Year 2019 Page 7 1 6 1 1 A 1 CEDAR HAMMOCK Community Development District Supporting Budget Schedules Fiscal Year 2019 1611A1 CEDAR HAMMOCK Community Development District 2018-2019 Assessment Chart O&M Assessment Percent Product Total Units FY 2019 FY 2018 Change Single Family 65 $ 475.00 $ 475.00 0.0% 2-Story 228 $ 475.00 $ 475.00 0.0% 4-Story 330 $ 475.00 $ 475.00 0.0% Duplex 176 $ 475.00 $ 475.00 0.0% 799 Annual Operating Budget Fiscal Year 2019 Page 8 1611A1 6 I N FRAMARK INFRASTRUCTURE MANAGEMENT SERVICES Cedar Hammock CDD October 30, 2017 — Field Management Report www.inframarkims.com 1611 Al 1. Lake Management The water levels in the lakes were beginning to recede after the heavy summer rains. The lakes looked good overall with minimal algae and weed issues.Additional lake maintenance information is found below; all lake issues are low density unless otherwise noted. a. Aeration:All systems appeared to be working normal on the three lakes.Minimal algae was present on all three lakes.A reduction in undesirable plants and algae was noticeably visible from the previous year. I. Lake 8: 10/30/17 10/17/16 _ yam, 1;4'54-1,„ SF s., ,avi',,yf .° .lsLe tie e .i,'`'."! }" .....� -; y�",.,... Lake 12; 10/30/17 10/17/16 Severn Trent Yearly Management Report 1 1611Ai iii. Lake 13: 10/30/17 10/17/16 b. Fountains: The fountain on lake 2 was down during the time of the inspection. � 3 . c. Algae on Lakes: 3,5,&8. d. Littorals: No issues observed. e. Weeds: i, Alligatorweed in Lakes: No issues observed. ii. Cattails in Lakes: No issues observed. iii, Climbing Hemp Vine in Lakes: No issues observed. iv. Dollar Weed in Lakes: No issues observed. v. Hydrilla in Lakes: No issues observed. 2 Severn Trent Yearly Management Report 1611A1 vi. Illinois Pond Weed in Lakes: No issues observed. vii. Muskgrass(Chara) in Lakes: No issues observed. viii, Palms on Lake Banks: No issues observed. ix. Sedges in Lakes: No issues observed. x. Spatterdock/Lily Pads in Lakes: No issues observed. xi. Torpedo Grass in Lakes: 1,7,&11(lakes 1&11 shown below). 3.4 s`fir'.CSX^ R €.. ,,,'' aF Bks+..:F ,. _ �"xb,�'�* �t� if 7 t. i f. Erosion on Lakes: 5.Damage was observed on the southwest corner due to Hurricane Irma. FEMA has been notified of this damage. T fit , •..,,.,' : d '' - W`6.�x' y.Fb 3 Severn Trent Yearly Management Report 1611A1 g. Bulkheads/Bridges: All vegetation on the bulkheads should be sprayed out to prevent any possible damage, helping to ensure the longest life possible of the walls.All top boards along the wall edge should be secured or replaced if necessary as a safety precaution.Various boards were broken or unsecured at the time of the inspection. { am `2a1J ii. The bridge just after hole 16 would likely benefit from the addition of runner boards so the carts do not ride directly on the wooden planks.Additionally,a small area of erosion was observed on the north west corner that should be stabilized. h. Grass Clippings in Lakes: No issues observed. Severn Trent Yearly Management Report 4 1 6 1 1 A 1 i. Trash in Lakes;A small tree was observed at the bank of lake 14 that should be removed. .,s . 4,', ".4414 j. Dissolved Oxygen (0.0.)Tests: Lakes that were tested are doing well with their dissolved oxygen levels. Environmental factors such as temperature,wind,sun or clouds can cause changes to the D.O.level to occur. Cedar Hammock CDD Water Testing Results 10130/2017 Lakes Dissolved Oxygen Lake 3 5.08 Lake 5 5.78 Lake 11 5.52 Lake 12 6.76 Lake 14 5.75 2. Guard House: I. The guard noted that the large windows are leaking.This information has been reported to onsite staff to investigate further. *ILii:ill Visa fto R■ nit. , ■■ 111x Severn Trent Yearly Management Report 5 1611A1 ii. A window within one of the French doors is loose held in place with tape and should be repaired. lana�d ear• . '' - r lj 4 Iiiii �x 3. Lighting No issues observed. 4, Pier The invasive exotic Earleaf Acacia previously located on the northeast of the pier boardwalk has been removed.A large hole under the sidewalk just before the boardwalk decking was observed,fill should be added and the area observed for future movement. No other issues were observed with the pier. �Ya/ r _.,,.`- 4r `' '•eSSC+',. - 5. Preserves The issues pointed out in the last report appear to have been addressed.No issues were observed. Severn Trent Yearly Management Report 6 1611A1 6. Roadways Minimal roadway damage was observed on Cedar Hammock Circle likely due from the clean up of hurricane Irma storm debris. u rd , k. ,,n .- `.fit "s 1 2 cr- x-y'-s Vit`' ,...„,„,,,,,,,,,,:.-1...1',.,,xga* § 7. Security Cameras No issues observed. 8. Sidewalks No issues observed. 9. Stormwater System a. Canals:The canals are being maintained well on Cedar Hammock's side of the canals. Melaleuca is present on the other side of the canal that is not Cedar Hammock responsibility. t .�. 1,,A ,,,.„4..,..,. . . ,...4,,,,y,,,,,,,..„..3„.,..,„ : . , ... .,,x„. , M s ' Severn Trent Yearly Management Report 7 1 6 1 1 A 1 b. Drains:The drain adjacent to the golf cart path south of Cedar Hammock Blvd.as you approach lake 2 was filled with debris and should be cleaned out to ensure proper flow of the stormwater system. ir;ice. - s '* - A 4` . .' c. Gutter Pans: No issues observed. d. Interconnect Pipes:All pipes remained underwater at the time of the inspection. i. Preserve C4/C-2: Large rocks remain blocking a few of the pipes under Cedar Hammock Boulevard and should be removed in order to maintain proper water flow between the two preserve sections. e. Lake Drainage Pipes: No issues observed. Severn Trent Yearly Management Report 8 1611A1 f. Overflow Weirs: No issues observed. g. Catch Basins: No issues observed. 10, Wells No issues observed. Well#1 Well#4 jr z , S'{T pig _.mss f ' Well#6 Rt. 1 *WA Severn Trent Yearly Management Report 9 1611 Al 11. Residential Complaints/Concerns No issues reported. 12. Fish/Wildlife Observations F ,h^ + .�•.��t c tt�� r sYkyY ' �� Ya& Jk iH,-�. . £ 5y Ai J � Vc F PAlt ❑Bass Fl ❑Catfish ❑Gambusia Egrets U Herons ❑Coots ❑Gallinules ®Anhinga ❑Cormorant El Osprey ® Ibis ❑Woodstork ❑Otter ®Alligator Snakes ❑Turtles ❑Other Species: 13. CDD Items NoNan issues observed. 10 Severn Trent Yearly Management Report 1611A ) RESOLUTION 2018-02 A RESOLUTION OF THE BOARD OF SUPERVISORS OF CEDAR HAMMOCK COMMUNITY DEVELOPMENT DISTRICT AUTHORIZING THE DISBURSEMENT OF FUNDS FOR PAYMENT OF CERTAIN EXPENSES WITHOUT FURTHER APPROVAL OF THE BOARD OF SUPERVISORS; PROVIDING FOR A MONETARY THRESHOLD; AND PROVIDING FOR AN EFFECTIVE DATE WHEREAS,Cedar Hammock Community Development District(hereinafter the"District)is a local unit of special-purpose government created and existing pursuant to Chapter 190,Florida Statutes, being situated entirely within Charlotte County,Florida;and WHEREAS,Section 190.011 (5),Florida Statutes,authorizes the District to adopt resolutions which may be necessary for the conduct of District business;and 'WHEREAS,the Board of Supervisors of the District(hereinafter the"Board")typically meets regularly to conduct the business of the District,including authorizing the payment of District operating and maintenance expenses;and WHEREAS,the Board recognizes that it may be necessary or convenient in many instances to make expenditures prior to the next regular meeting of the Board;and WHEREAS,the Board determines this Resolution is in the best interest of the District and is necessary for the efficient conduct of District business;the health,safety and welfare of the residents within the District;and the preservation of District assets or facilities. NOW,THEREFORE,BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF CEDAR HAMMOCK COMMUNITY DEVELOPMENT DISTRICT: Section 1. General Maintenance Expenses: The Board hereby authorizes the District Manager, in consultation with the Chairman,to disburse funds not to exceed .5;001.) per item for expenses which are reasonably necessary to 1)provide for the health,safety add welfare of the residents within the District; or 2) repair, control or maintain a District facility or asset. These expenditures must not exceed budgeted amounts for maintenance expenses. Section 2.Emergency Expenditures: The Board hereby authorizes the District Manager,in consultation with the Chairman,to expend no more than D c�en) , for a single incident to make emergency repairs for incidents related to eneral District activities and facilities. Emergency expenditures are classified as those expenses that are required due to an emergency situation in which a delay in addressing these issues may result in further damage to district facilities and/or be more expensive to repair if repairs are delayed. Section 3. Any disbursements made pursuant to this Resolution shall be consistent with applicable procurement law and submitted to the Board at the next scheduled meeting for acceptance. 1611A1 Section 4. District management staff will take direction for these types of expenses from the Chairman of the Board. Staff will move forward with the implementation and/or expenditures approved by the Chairman as long as the expenditures and/or activities are in accordance with this resolution. Section 5. This Resolution shall become effective on this 12th day of February, 2018. Cedar Hammock Community Development District By: homas Cook,Chairman Attest: By: ----L ecretary/Assistant ecretary 1611 Al ,,,C) ) 0 . ,,.�v, mal ® 0 0 0S O C.0'1 10 Oo f ^ o v n) c „Lt. rn r--"D” ,1:.6^o al o o v ,n () y r E E w y 0 0 0 8 c,o o 0 0 U T Q, O a N W ao O � � uN � � V} V� to] N N to a/1 yztt, r ^ o m o vi vi 4 Q `E',i v N U O .-'4 N 01 CO YN ^ .-I N O2 N N ^ 0 w N to IAN ' z, mak: Oil!-, ^ o -, 0 Inr,21 2 mZFL vmi Ou f `.: I- w 0 0 44.4.4r, w o U. Y 0 .. /1 $ O o O O COW Na ry I W co.. O Wm '',,,,,..,-it-:,,--, `v{i ii w uv0vZ uE — 1; 7z,IT t: wk, v v v. It .34,,,,,,,, . .; ,•,;,,,,i O " o n o o .rv-r "' a$ d O Oxy 3*: E my cx n u g.1 Db- ^ C C ,tee vo .454,,,,-... -12k m cc.¢'if- ANIS o o. m w w Cin al m— �` c c wP0WaF v i,x 4 a m a IF ' l,,. A, �' N to on Y4L�t. {,.t h '‘t1,x +7. ' O N N 0 r,0-1 in o N N • G Vri a. .. E - ZF-� sa,. 0 0 0 r w u aQ• m ^ o ^ m ,111 !IA'r ,e" ,_ 1611AI Synopsis of Discussions,Decisions,and Actions By the Board of Supervisors of the Cedar Hammock Community Development District(CDD)on Bulkheads The Board of Supervisors of the Cedar Hammock CDD is keenly aware of the increased interest by the Cedar Hammock membership in what discussions, decisions,and actions the CDD has been taking regarding the bulkheads within the community. Being responsible for the infrastructure assets in Cedar Hammock,the CDD monitors, maintains,and,as needed,repairs,replaces, enhances,and improves these assets. One of the major assets is the bulkheads and in the last few years they have captured a growing amount of the CDD's attention due to their advancing age and needed maintenance and repairs and potential replacement. With the turnover of Cedar Hammock from the developer to the members in 2004,the CDD Board of Supervisors also came under community control. At that time the infrastructure assets were relatively young and generally in good condition. Nonetheless, issues did come up from time to time and were addressed,including a few involving the bulkheads. As time moved on,however,and plans by the Master Association included the golf course regrassing project for 2014,the CDD reviewed the status of the bulkheads to determine what action might be necessary to coincide with that event. In the Spring of 2012,the CDD commissioned an inspection of the bulkheads by James E.Hirst and Associates,Inc.,a local civil and structural engineering company. While the report given pointed out some issues,none were considered serious, and the overall conclusion was that the engineers "would estimate approximately ten years plus before this system will express conditions which would prompt the consideration of complete replacement." With that input,the CDD Board decided that the bulkheads were good for another decade and longer and needed no replacement or major work when the course regrassing was done in 2014. After the golf course project was completed, some bulkhead issues occurred that caused the CDD in early 2015 to have another inspection done,this time by the firm Artistic Structures,a well respected bulkhead construction company that has done work at Cedar Hammock over the years,along with the structural engineering firm Bridging Solutions which specializes in bridge and retaining wall engineering services. The concerns were primarily about holes 4, 5, 16, and 17 and dealt largely with problems with some whalers (the horizontal boards on the face of the bulkhead)which were bulging. A plan for repairs was developed and would be carried out by Artistic Structures. Since special brackets required to accomplish the repairs needed to be manufactured,the entire repair process proceeded over the next year. Additional maintenance was also carried out including power washing the bulkhead surfaces and applying sealer. During the Summer of 2015,the bulkhead along the tee box on hole 16 experienced a failure of the tie-back cables on one of the soldier piles causing a major bulge and concern about potential further damage. The bulkhead was inspected again by Artistic Structures and Bridging Solutions to determine needed repairs. The normal repair to the 16 % 1A1 bulkhead would be to excavate back to where the existing pile deadman was located (approximately 20 feet back from the wall)and run new cable. Artistic Structures was fully engaged in other projects and could not do the work. Plus,it would have closed most of the tee box during the repair and necessitate regrassing the tee area. An alternative option was to bore into the existing wall and the tee area with an auger which creates its own deadman and does not require excavation of the tee surface. This was a more costly procedure,but the repairs needed to be done. Adjacent bulkhead surfaces were inspected and it was decided to do similar repairs in several areas as a preventative measure. This work was accomplished by the N Square company. During 2015 some$70,000 in repairs and maintenance were performed on the bulkheads and the results were successful in the areas addressed. However,in the Summer of 2016, there was another tie-back failure on 16. It was not as serious as the previous one and repairs were able to be done by Cedar Hammock's own golf course maintenance crew after having the site evaluated by Bridging Solutions. With such issues becoming more frequent and concerning,the Board of Supervisors focused greater attention on eventually replacing the four bulkheads. In October 2016 the CDD contracted with Bridging Solutions to provide recommendations,replacement cost estimates,and priority ranking for bulkhead replacement. At the November 2016 meeting,a preliminary report stated that a timber wall replacement similar to the existing bulkheads would have a 35 year life expectancy at an estimated cost of$40 per square foot and a concrete segmented block wall retaining system would have a 75 year life expectancy at an estimated cost of$50 to $55 per square foot. Either of these options would require significant encroachment into the course(excavation up to 30 feet from the bulkhead)and take several weeks or longer to accomplish per hole. In addition,once completed,repairs to the course would be required and possibly take up to three months to recover.This would cause a major disruption to play on the course,impact revenue for the Club,have a significant impact on the Club staff,and limit the availability of certain amenities such as food and beverage services. All these consequences must be taken into consideration. Looking at potential cost and longevity,the small concrete block construction was viewed as a likely choice. At the December 2016 meeting,Bridging solutions was contracted to provide engineering services for design,bid preparation,and bid review for the bulkheads on holes 16 and 17. On site visits and inspections were accomplished by Bridging Solutions, along with a representative of Banks Engineering(the CDD's "in house" engineering consultants) during January 2017. In an update report at the February 2017 meeting,Bridging Solutions estimated the cost for both walls to be$280,000. General Manager Tom Read, who had attended numerous previous CDD meetings and given valuable input to issues under discussion, again highlighted the impact on the course and Master Board budget considerations as well as the difficulty of booking a golf course contractor on short notice. Advanced planning for a project of this nature is a necessity. This also holds true for scheduling a bulkhead contractor,many of whom are booked well in advance, especially for prime time to do such work which is at the end of Season and before the II 1611A1 rainy season get into full gear and the ponds start to refill. It was then decided by the Supervisors to delay the project until April 2018. At the March 2017 meeting,an alternative construction option was discussed. Supervisor Day had contacted a local firm(Garland and Garland)that could construct a wood bulkhead similar to what currently exists but do it from the water side and minimize damage to the course. They use an auger method similar to what was used to repair 16 previously,but this one is much larger and provides greater support to the new wall. The process would also allow for the existing wall to remain in place and the new wall erected in front of it. The April 2017 meeting continued the discussion of the bulkheads with Bridging Solutions addressing a persistent concern about the possibility of having to bore into bedrock if the soldier piles can not be driven in sufficiently. If additional boring were required,it would significantly increase the cost. (The issue of hitting bedrock or not has been an ongoing point of discussion between the engineers and Board members. Historically in Cedar Hammock there has never been a problem due to a soldier pile being dislodged from the bottom.) But looking at the estimated costs provided by Garland and Garland of approximately$70 per square foot,the cost for the four bulkheads would be approximately$1.3 to $1.5 million. The next CDD meeting was not until October 2017. Four Supervisors were present;Mr. Day could not attend. When the issue of bulkheads came up,Bridging Solutions provided a 90%complete design package,which is all that was required at the time. It also presented an estimate for a timber retaining wall budget. It was noted that the previous Garland and Garland cost estimate did not include the possibility of hitting bedrock and the subsequent need to drill into it if it were encountered. Bridging Solutions contacted another construction company,TSI Disaster Recovery LLC, for a budget estimate. In their calculations the estimate went from$70 to $186 per square foot; roughly two and a half times more. This was sobering to the Supervisors present and further discussion was undertaken on the cost and longevity of construction options, funding options,contingency plans for a bulkhead failure and how to keep the course open,and contractor scheduling. It was agreed by those present that the cost of a wood replacement as presented was excessive and a motion to have a fmal design drawn up for a concrete block wall was passed. All Supervisors were present for the November 2017 meeting. During previous bulkhead discussions,the Supervisors recognized and took into consideration the potential costs to the Club of closing down the course for a period of time because of bulkhead replacement. It was generally agreed that the CDD would be willing to reimburse the Master Board for damage to the course(greens,regrassing,irrigation equipment,tee box repair,cart path,etc.),lost revenues to the Club,and staff costs. (Subsequently the CDD was advised by its lawyer that under State statutes it could pay for damages to the course, but it could not reimburse for the other loses and costs.) 1611A1 Mr.Read and Master Board Vice President Lawrence attended the meeting and provided comments and input to the discussions. Mr. Read discussed that the Master Board would be closing the Clubhouse for refurbishment from approximately June 1st through mid- July 2019 during which time the food and beverage amenities would be shut down. There was discussion about postponing bulkhead work to coincide with that project. Mr. Day also expressed his opinion that information used as the basis for the motion approved in the October meeting to reject the wood wall in favor of the concrete block wall should be reviewed by another engineer and to get a second opinion on the two types of wall construction,the methods of construction,cost estimates,and timeframes. He made a motion to this affect which was passed on a three to two vote. The next meeting was held in January 2018. Supervisor Day relayed that he had shown the Bridging Solutions calculations and engineering data to another engineer who had no problems with them. The other engineer did take exception to Bridging Solutions recommendations concerning core drilling of rock,suggesting there were alternatives to this which would keep costs down. He also suggested Mr. Day talk with another contractor who recommended a construction process using interlocking vinyl sheeting. Mr.Day explained that the vinyl material was more expensive than wood,but time would be saved in installation resulting in an overall lower cost for installation. The installation method apparently would also cause little or no damage to the course and the wall would have a 50 year guarantee. There was further discussion about the difference of opinion over the bedrock issue. Supervisor Minamyer then discussed his visit with the golf course supervisor at Naples Heritage to discuss their bulkheads. Naples Heritage is a sister US Homes development a couple of years older than Cedar Hammock and Mr. Minamyer wanted to investigate their experiences with bulkheads. Naples Heritage has used a firm named JTM to do repairs to their bulkheads and spoke highly of the work done. They have fewer bulkheads than Cedar Hammock and with the maintenance and repairs that have been carried out they have not had significant issues with them. Following on,Mr.Minamyer recommended delaying replacement of bulkheads until the next regrassing which is being considered for 2028, doing what preventative maintenance can be anticipated and making required repairs as needed in the interim. His thought being that this would allow the CDD time to accumulate funds without having to borrow money or issue a bond and permit and provide ample time for coordination between the CDD and the Master Board to incorporate the bulkhead replacement into the regrassing project. In addition, since the course would be shut down during that project, if a more invasive construction process for bulkhead replacement would be selected, it would not present a problem. His recommendation was concurred in by the other Supervisors. Discussion continued concerning the need to develop an emergency spending resolution as a contingency should something occur and it was agreed that this would be done expeditiously. Mr. Day, expressing concern about hole 16,also suggested getting a contractor proposal for replacement of the bulkhead to get a cost estimate. The District Manager pointed out that this had already been done with the report provided by Bridging Solutions. Mr.Day then suggested putting out a bid for two wall options(wood and 1611Ai vinyl)to see what the price would be. Staff noted that numbers had previously been obtained and that there were previous decisions by the Board that would need to be rescinded or revised before such a motion could be considered.. It was then moved by Mr.Minamyer to rescind the motion approved in the November meeting. The vote was unanimous in favor. In a recap of the Board's bulkhead discussions and actions,Chairman Cook summarized that the Board will move ahead toward a bulkhead solution during the next regrassing using the October 2017 motion of the small concrete block construction for budgeting purposes while being alert to any needed repairs in the interim. The District Manager added that Bridging Solutions would be informed of the Board's intentions and be asked to identify other construction options available,such as the vinyl mentioned by Mr.Day. This brings you up to date on Board bulkhead discussions and actions. It is hoped that this synopsis gives you a clearer idea of what the CDD has been doing regarding bulkheads. As can be seen,the Board of Supervisors draws upon the advice and input of a range of professionals and experts in the engineering and construction fields and strives to do its due diligence in addressing the issue. It also tries to look at the impact and implications of actions it takes(or doesn't take)and factor that into its decisions. The CDD also takes very seriously its fiduciary responsibility and duty to the owners in Cedar Hammock. Infrastructure assets often carry a large price tag so the Board is very sensitive to the financial implications of its actions. It also recognizes the need for and strongly espouses a cooperative and coordinated relationship with the Master Board in order to have a positive impact on the community and to sustain and enhance the investment we all have in Cedar Hammock. Hopefully it is clear that the Board of Supervisors is not ignoring the issue and is committed to finding a solution. As can be seen from this summary,there are various construction and material options to consider as well as differing opinions about some of the information and data acquired to date. It can also be seen that decisions and positions can and do change as information is gathered and factored into the decision making process. Catastrophic failures are largely unpredictable. Developing problems can be detected and remedial steps taken or repairs made when needed. Finally, as a governmental entity governed by Chapter 190 of the Florida State Statutes, the CDD operates under Florida's Sunshine Law. Its meeting are open to all and no business can be accomplished or discussed between the Supervisors outside of a properly noticed meeting. Public attendance at the meetings is encouraged and there is a website that carries important CDD information. The site is CedarHammockCDD.com. There is also a link to that site on the Cedar Hammock website. 1 6 1 1 A 1 MINUTES OF MEETING CEDAR HAMMOCK COMMUNITY DEVELOPMENT DISTRICT The regular meeting of the Board of Supervisors of the Cedar Hammock Community Development District was held on Monday, February 12, 2018 at 3:00 PM at Cedar Hammock Clubhouse, 8660 Cedar Hammock Boulevard,Naples, Florida. Present and constituting a quorum were: Thomas Cook Chairman Gary McClellan Vice Chairman Larry Minamyer Assistant Secretary Norman Day Assistant Secretary Quentin Greeley Assistant Secretary Also present were: Justin Faircloth District Manager Sam Marshall District Engineer Ralph Verrastro Bridging Solutions Tom Read Cedar Hammock Golf& Country Club Todd Legan Cedar Hammock Golf&Country Club Residents The following is a summary of the discussions and actions taken at the February 12, 2018 Cedar Hammock Board of Supervisors meeting. FIRST ORDER OF BUSINESS Roll Call Mr. Cook called the meeting to order and Mr. Faircloth called the roll. SECOND ORDER OF BUSINESS Approval of Agenda Mr. Cook stated the Audience Comments will immediately follow the Bridging Solutions Bridge Report. On MOTION by Mr. Greeley seconded by Mr. Minamyer with all in favor the agenda was approved as amended. THIRD ORDER OF BUSINESS Old Business A. Bulkhead Presentation i. Bridging Solutions Email—January 18,2018 ii. Proposals/Discussion 1 1611A1 February 12, 2018 Cedar Hammock CDD o Mr. Cook noted Mr. McClellan would first give a summary of the bulkhead project to date. Ralph Verrastro from Bridging Solutions would then be introduced to present the inspection report on the bridges and discuss possible actions regarding the bridges. Afterwards,audience comments would be allowed. o Mr. McClellan rcad a summary of the bulkhead project to date. A copy of his Synopsis of Discussions, Decisions and Actions by the Board of Supervisors of the Cedar Hammock CDD on Bulkheads will be included in the minutes. o Mr. Cook thanked Mr. McClellan for the hard work he put into preparing his report. o Mr. Cook noted when Mr. Day addressed the last Master Board meeting, he did it without the knowledge or approval of the rest of the CDD Board. He acted alone. When he said he was not there as a CDD representative, that was wrong. Once he started talking about CDD business, namely the bulkheads, that was representing the CDD and was inappropriate. He neglected to tell the audience, one week earlier he had voted with the other four Supervisors in favor of the Board's action, to monitor the bulkheads and to fix them when they need repair. Not reporting his support was wrong. Mr. Cook stated that he hopes to not experience this type of situation again going forward. o Mr. Faircloth introduced Ralph Verrastro of Bridging Solutions. o Mr. Verrastro reviewed the executive summary. o He recommended contacting Artistic Structures for immediate repairs. Mr. Faircloth noted that Artistic Structures had been contacted and will be visiting the District to look at the needed repairs. On MOTION by Mr. Minamyer seconded by Mr. McClellan with all in favor engaging Artistic Structures for the short term repairs with the understanding that the work would not be limited to Artistic Structures if they are not able to complete the repairs promptly was approved. o Mr. Verrastro recommended that all aprons be replaced as the bridges are replaced. On MOTION by Mr. Greeley seconded by Mr. Minayer with Mr. Minayer, Mr. McClellan, Mr. Greely and Mr. Cook voting aye and Mr. Day voting nay to accept the report and proceed with the 2 1611A1 February 12,2018 Cedar Hammock CDD Irecommended short term and long term repairs as noted in the report. o The Board noted that the bridge on#17 is three and 1/2 years old and not 10 years old. o Mr. Day agreed emergency repairs should be done as soon as possible, but before investing a sizeable amount of money on any of the other bridges that arc going to be used for bulkhead work, it should be decided on what and when the bulkheads would be replaced because the bridges may not handle the type of bulkhead wall that will be put in. Mr. Day expressed the need to determine what would be done for the bulkhead walls due to the concern regarding bridges 4 and 5A. o Mr. Faircloth noted at the last meeting it was the consensus of the Board that the District would wait ten years to move forward with bulkhead replacement. o Mr. Cook requested Audience Comments begin. o Mr. Jacobsen took issue with the Engineer's Report where it stated the responsibilities of the Master Board in regard to the bulkheads and bridges. Mr. Jacobsen requested the word maintenance be changed to limited maintenance. On MOTION by Mr. Greeley seconded by Mr. Minamyer with all in favor the design and engineering services related to the repairs for the seven bridges by Bridging Solutions in the estimated amount of$18,000 including final design drawings/specifications, bidding services and construction engineering inspections was approved. o Bridging Solutions will look at the possibility of upgrading bridges 4 & 5 to a 10 ton bridge load rating if possible. o Mr. Cook presented a handout for possible repairs to be discussed at the next meeting. FOURTH ORDER OF BUSINESS Audience Comments o An audience member commented on the summary read aloud previously. o An audience member commented on CDD communication to the community. o An audience member voiced concerned with the Board postponing the bulkhead and the bridge repairs. o Mr. Bolton asked about insurance coverage should there be an incident regarding the bulkheads. 3 I 1611A1 February 12,2018 Cedar Hammock CDD FIFTH ORDER OF BUSINESS New Business A. Bridging Solutions Bridge Report Discussed above. SIXTH ORDER OF BUSINESS Manager's Report A. Fiscal Year 2019 Draft Budget Presentation o The tentative budget was provided for review and included in the agenda package. B. Approval of the Minutes of the January 8,2018 Report Minor corrections were made to the minutes and will be incorporated into them. On MOTION Mr. Day seconded by Mr. Greeley with all in favor the minutes of the January 8, 2018 meeting were approved as amended. C. Acceptance of Financials o Mr. Faircloth reviewed the financials with the Board. Let the record reflect, Mr. Verrastro and Mr. Marshall left the meeting. IOn MOTION Mr. McClellan seconded by Mr. Greeley with all in favor the financial statements were accepted. SEVENTH ORDER OF BUSINESS Attorney's Report A. Approval of Resolution 2018-02 Spending Resolution o Mr. Cook noted such a resolution would be beneficial in the event of a catastrophic failure on a bulkhead, to be able to proceed immediately with repairs. o It was noted that the version of the resolution included in the agenda package was incorrect. o In Section 1, the blank for General Maintenance Expenses will be in an amount not-to- exceed$5,000. o In Section 2, the blank for Emergency Expenditures will be in an amount to expend no more than $50,000. 4 1 6 1 1 A 1 February 12, 2018 Cedar Hammock CDD Mr. Greeley MOVED to adopt Resolution 2018-02 as amended authorizing the disbursement of funds for payment of certain expenses for General Maintenance Expenses with a limit in an amount not-to-exceed $5,000 and for Emergency Expenditures in an amount to expend no more than $50,000 was adopted as amended and Mr. McClellan seconded the motion. o More discussion ensued on the resolution. On VOICE vote with all in favor the prior motion passed. SIXTH ORDER OF BUSINESS Manager Report(Continued) D, Follow Up Items o Mr. Faircloth noted he had conferred with District Counsel after being made aware that two supervisors were present at the last Master Association meeting. He noted that there could be a potential discussion at such a meeting of items that could come before the CDD Board for a vote and if multiple CDD members will be at such a Master Association meeting, it should be noticed as a CDD meeting. o Mr. Day asked if Mr. Faircloth was stating that CDD Supervisors could not go to a Master Association meeting if another Supervisor was present. o Mr. Faircloth noted that if the Board wanted the ability to attend such meetings, as residents, in order to comply with the Sunshine Law and avoid potential issues, the Master Association meetings should be cross noticed as CDD meetings. o Mr. Faircloth noted that in order for meetings to be cross noticed,three conditions needed to be met: o The meeting has to be open to the general public. o Minutes must be taken. o The meeting must be properly noticed. o Mr. Faircloth recommended the CDD cross notice the Master HOA meetings and also recommended future communication to the Master HOA Board from the CDD Board be completed via motion by the Board determining how the communication would be drafted and who would bring the communication to the Master HOA Board. o A very long discussion ensued on bidding on bulkhead walls. 5 1 6 I 1A1 February 12,2018 Cedar Hammock CDD o Mr. Cook stated the whole idea of cross noticing the meetings was dead in the water because the Cedar Hammock Master Association meetings are not open to the public. o Mr. Faircloth noted that if Board members have questions regarding attendance at Master Association meetings they should contact District Counsel. Audit Committee Meeting 1. Audit Committee Selection Process for Fiscal Year 2018 2. Establishment of REP Evaluation Criteria 3. Authorization to Proceed with RFP On MOTION by Mr. Greeley seconded by Mr. McClellan with all in favor the Board of Supervisors was approved to act as the' Audit Committee. On MOTION by Mr. Greeley seconded by Mr. McClellan with all in favor the RFP evaluation criteria was approved. On MOTION by Mr. Greeley seconded by Mr. McClellan with all in favor authorization to proceed with the RFP was approved. SIXTH ORDER OF BUSINESS Manager's Report (Continued) A. Fiscal Year 2019 Draft Budget Presentation o Mr. Faircloth spoke about the process of adoption of the budget. o At the next meeting,the tentative Fiscal Year 2019 budget will be approved. o At the May 21,2018 Board meeting, the Fiscal Year 2019 budget will be adopted. o Mr. Faircloth noted minor changes from last year's budget including an increase in Inframark's fee by 3%. EIGHTH ORDER OF BUSINESS Engineer's Report There not being any,the next item followed. NINTH ORDER OF BUSINESS Communication to Master Board o Mr. Cook commented on the presence of algae in the lakes. o Mr. Read responded noting he has been disappointed with the results as well. o Mr. Cook suggested visiting other communities and golf courses to look at their lakes and make a spread sheet with notes on what they do and the vendor they use. 6 1611A1 February 12,2018 Cedar Hammock CDD o Mr. Read noted Lake Masters is used by a number of communities throughout Southwest Florida and they have better results than those observed at Cedar Hammock. o Mr. Faircloth recommended water quality testing be done. Mr. McClellan MOVED to complete a water quality test and Mr. Greeley seconded the motion. o Discussion ensued on water quality testing. On VOICE vote with all in favor the prior motion was passed. TENTH ORDER OF BUSINESS Supervisor's Reports, Requests and Comments o Mr. Day noted he had two motions. But, first hoped the Board recognized that the community is very concerned about what is going on and that the Board should be listening to them. Mr. Day MOVED to get bids for a linear foot price rather than a total price to replace rotted cap boards on bulkheads and Mr. McClellan seconded the motion. o Discussion ensued on the above motion. o It was noted that it would take at least one month to get proposals back. The consensus of the Board was to move forward with repairs of the rotted bulkhead cap boards as soon as possible. o Mr. Day withdrew his prior motion. Mr. Day MOVED to have Bridging Solutions complete plans for Hole#16 for a wooden bulkhead to be constructed from the water side and a vinyl bulkhead with a small excavator from the shore without damaging the turf and to get contractor bids for each. Mr. McClellan seconded the motion. 7 1611A1 February 12, 2018 Cedar I Iammock CDD o Mr. Cook noted at the January Board meeting it was determined that the approach would be to monitor the bulkheads and perform repairs as needed. Mr. Cook noted the position the CDD Board has taken is the most prudent. o Mr. Minamyer agreed noting that the approach being taken is the correct approach. o Mr. Day stated the Board should he looking more towards doing something rather than putting the replacement off. o Mr. Cook questioned whether the motion needed to be voted on stating he was not ready at present to vote on such a motion. o Mr. Faircloth noted there would be increased cost for a vinyl wall stating there are no plans currently for such a wall type. If the motion passed the Board would be authorizing the development of additional plans. o Mr. Faircloth inquired about how such a project would be funded presently. o Mr. Day stated take it out of the Roads. o Mr. Faircloth stated the balances in the reserve accounts and noted that the Board was looking at$190,000 in Bridge costs alone. Mr. Faircloth noted that the Board could get a five-year loan without having to get it validated,but if the term would be over five years, it would have to be validated which incurs further increased costs. o Mr. Cook noted he did not feel prepared to vote on the motion and requested time to consider the motion further. o Supervisors debated the issue. Mr. Cook MOVED to table the prior motion to the March 12, 2018 Board Meeting and Mr. Greeley seconded the motion. o Let the record reflect, Supervisors Cook, McClellan, Greeley and Minamyer voted in favor of the above motion with Mr. Day opposed. o Mr. Faircloth pointed out the motion that was made earlier did not include the dates and all the other information. In order for that motion to be considered, it would need to be changed. o The below motion will be tabled to March,2018. 8 161 1A1 February 12,2018 Cedar Hammock CDD On MOTION by Mr. Day seconded by Mr. McClellan with all in favor the prior motion was revised to read for Bridging Solutions to complete plans for wooden bulkhead on Hole #16 to be constructed from the water and a vinyl bulkhead from shore without damaging the turf and complete the project between May 2019 to June 2019. ELEVENTH ORDER OF BUSINESS Adjournment There being no further business, On MOTION by Mr. McClellan seconded by Mr. Cook with all in favor the meeting was adjourned at 6:09 p.m. /in `a"cloth Tom Cook t.ecretary Chairman 9 1611A1 Cedar Hammock Community Development District Board of Supervisors Tom Cook,Chairman Bob Koncar,District Manager Gary McClellan,Vice Chairman Justin Faircloth,District Manager Larry Minamyer,Assistant Secretary Dan Cox,District Counsel Norman Day,Assistant Secretary Sam Marshall,District Engineer Quentin Greeley,Assistant Secretary Regular Meeting Agenda March 12,2018—3:00 p.m. 1. Roll Call 2. Approval of Agenda 3. Audience Comments 4. Acceptance of Resignation 5. Presentation by Vinyl Bulkhead Company and Norman Day A.Hole#16 Probing Results 6. Old Business A. Bridges Report i. Immediate Safety Repairs ii. Other Repairs Required B. Review of Proposed Budget for Fiscal Year 2019 C. Consideration of Resolution 2018-05 Setting the Budget Public Hearing 7. New Business A. Consideration of Resolution 2018-03 Confirming the District's Use of the Collier County Supervisor of Elections to Continue Conducting the District's Election of Supervisors B. Organizational Matters i. Appointment of Supervisor(Seat 4)—Letters from Residents ii. Oath of Office Newly Appointed Supervisor iii. Resolution 2018-4,Designating Officers C. Bridges and Bulkheads Presentation Package for March 19,2018 8. Manager's Report A. Approval of the Minutes of the February 12,2018 Meeting with Exhibit A B. Financial Report C. Follow Up Items 9. Attorney's Report 10. Engineer's Report 1611A1 Cedar Hammock CDD March 12,2018 Page 2 11. Communication to Master Board 12. Audit Committee Meeting 13. Supervisors Request 14. Adjournment THE NEXT REGULAR MEETING IS SCHEDULED FOR APRIL 16,2018 at 3:00 P.M. District Office: Meeting Location: 5911 Country Lakes Drive Cedar Hammock Clubhouse Fort Myers,Florida 8660 Cedar Hammock Boulevard 239-245-7118 Naples,Florida www.CedarHammockCDD.com 1611A1 Agenda Page#4 1Ci4, /1/ 02.Q18 .1 N o ,( /Ory o§ a) 4h e redm ,4m o .X .DD 17ee)-iNg oci Mordray , rt),, 1,2 , iiNcRers,niN19 FAX id/ cJP /rove 2R, As J,5 cps/ 'red Attu t:/l,/1CP,f"iYvA.),je CN) - )IC.-} Z SON) Ah cop b'ohR d plc LAvelJ tis ao m . v ))- ' OIL/ A.s Ci nw iY74,ty 076' /971 86 pow) s � cic�r e ke 9 aPpcg A #ebvq/4ive-4= /4 /14 skit, . rrh ' Acee;)&409.s t.wi ::A- 0,4)-11 res c w5 t1 r l'1 N C etch t 11. m jee C a , a,1 Me tJcy- lece 'cJ , J 41e/K free() a71 ), 61p7 en A rvc nice A71 telt.s.A1c Ailed 75/- to s 1s //1/0 A we)2471,11,- o 71136- craA.is'Ai!t.) 7 rempirY ©rr r`-he CDO egOomd trrt/� .6e vx, b.)E- 74) 1) rr,f d As hD914Wonr J/ the U©l ' ns ) er : :_ senpea vm.,91uy yere,i oryr ' Col's' Awn, 6Y)ore r2 )-'he 6-,D D Ce,q'i .c)) 'v(171 w/s)7 eve,/ At, co ov17y F'v s-e, ;ce> c)/,• he �o�� 4/4A-1JQ iee Ai+rt d fel)ed h Y e Mrd r� .may pas-t)'4i „ rt p. SUtep vlscDY' ©A1 c Ced n4 O e C)) gohezi e ec e 1114M-040,161= %fester 161 lA1 > Ad Proof Naptr s Battu Niws Sales Ret:Mereida Cardenas(N9I03) Phone: Email: \ec�,tttu lntotmat on tnscrtiou hienmaims Date:09/19117 This is a proof of your ad scheduled to run on the dates indicated below. Account Number:531406(N056685) Please confirm placement prior to deadline by contacting your account Company Name:CEDAR i-IAMMOCK COMMUNITY rep at . Ad id:1758137 P.O.No.: Total Cost:$294.00 Contact Name: Email:Mona.Slaughter;ii?STSer ices.conr Tag Line:Notice of Meetings Cedar Hammock Cons Address: 210 N UNIVERSITY DR #702. CORAL SPRINGS, PI., Start Date.09122+17 Stop Date:09122117 33071 Number of Times:1 Class:16250-Public Notices Phone:(954)753-0380 Fax:(954)775-6701 Publications:ND-Naples Daily Ne'.s.ND-Internet-naplesnews.com • • 'thank you for your business. Our commitment to a quality product includes the advertising in our publications. As such,Gannett reserves the right to cat- egorise,edit and refuse certain classified ads.Your satisfaction is important. if you notice errors in your ad.please notify the classified department immedi- ately so that we can make corrections before the second print date.The number to call is 239-263-4700. Allowance nnay not be made tier errors reported past the second print date.The Naples Daily News may not issue refunds for classified advertising purchased in a package rate;ads purchased on the open rate may be pro-rated for the remaining full days for which the ad did not run. 1611 Al I agree this ad is accurate and as ordered. Notice of Meetings Cedar Hammock Community Development District The Board of Supervisors of the Cedar Hammock Community Development District will hold their meetings for Fiscal Year 2018 at the Cedar Hammock Clubhouse,8660 Cedar Hammock Boulevard,Naples,Florida at 3:00 p.m.on the second Monday of the following months except as noted: October 9,2017 November 13,2017 January 8,2018 February 12,2018 March 12,2018 April 9,2018 May 21,2018(third Monday) There may be occasions when one or more Supervisors will participate by telephone. Meetings may be continued to a date and time certain which will be announced at the meeting. In accordance with the provisions of the Americans with Disabilities Act,any person requiring special accommodations at this meeting because of a disability or physical impairment should contact the District Management Company, Severn Trent Services at(954)603-0033. If you are hearing or speech impaired, please contact the Florida Relay Service by dialing 7-1-1 or(800)955-8771(TTY)/(800)955.8770(Voice)for aid in contacting the District Office at least two(2)days prior to the date of the hearing and meeting. Each person who decides to appeal any action taken at these meetings is advised that person will need a record of the proceedings and that accordingly, the person may need to ensure that a verbatim record of the proceedings is made, including the testimony and evidence upon which such appeal is to be based. Bob Koncar District Manager September 22,2017 No.1758137 1611A2 Agenda Page#7 CEDAR HAMMOCK Community Development District Annual Operating and Debt Service Budget Fiscal Year 2019 Version 2-Proposed Budget Prepared by: 6INFRAMARK INFRASTRUCTURE MANAGEMENT SERVICES 1611A1 Agenda Page#6 CEDAR HAMMOCK Community Development District Budget Overview Fiscal Year 2019 161lit 1 Agenda Page#9 CEDAR HAMMOCK Community Development District Table of Contents Page# OPERATING BUDGET General Fund Summary of Revenues,Expenditures and Changes in Fund Balances 1-2 Budget Narrative 3-6 Exhibit A-Allocation of Fund Balances 7 SUPPORTING BUDGET SCHEDULES 2018-2019 Non-Ad Valorem Assessment Summary 8 161 UI Agenda Page#10 CEDAR HAMMOCK Community Development District Operating Budget Fiscal Year 2019 16I 1A1 CEDAR HAMMOCK i Community Development District Agendgenzya/1f and Summary of Revenues,Expenditures and Changes in Fund Balances Fiscal Year 2019 Proposed Budget ADOPTED ACTUAL PROJECTED TOTAL ANNUAL ACTUAL ACTUAL BUDGET THRU FEB- PROJECTED BUDGET ACCOUNT DESCRIPTION FY 2016 FY 2017 FY 2018 JAN-2018 SEP-2018 FY 2018 FY 2019 REVENUES Interest-Investments $ 3,494 $ 3,150 $ 2,017 $ 2,112 (95) 2,017 $ 2,017 SpecialAssmnts-TaxColtector 279,650 279.650 379,523 363,050 16,473 379,523 379,523 Special Assmnts-Discounts (10,201) (10,283) (15,181) (14,151) (1,030) (15,181) (15,181) Other Miscellaneous Revenus $ 5,988 $ 5,988 Total $ - $ - $ - $ - $ - $ - $ - TOTAL REVENUES 272,943 272,517 366,359 356,999 15,348 372,347 366,359 EXPENDITURES Administrative ProfServ-Engineering 7,544 22,806 30,000 1.310 28,690 30,000 30,000 ProfServ-Legal Services 1,363 1,413 2,000 460 1,540 2,000 2.000 ProfServ-Mgmt Consulting Sery 35,146 32,130 37,286 12,429 24,858 37,287 38.406 ProfServ-Property Appraiser 4,195 4,195 5,893 4,195 - 4,195 5,693 Profserv-Speclal Assessment 2,855 2,855 2,855 2,855 - 2,855 2,941 ProfServ-Web Site Maintenance - 617 637 - 637 637 656 Auditing Services 5,000 5,000 5,000 - 5,000 5,000 5,000 Postage and Freight 407 1,050 765 195 570 765 765 Insurance-General Liability 7,135 7,235 7,500 7,235 - 7,235 7,959 Printing and Binding 738 933 1,000 459 918 1,377 1,377 Legal Advertising 1,839 2,090 2,394 589 1,805 2,394 2,394 Misc-Bank Charges 690 656 700 242 484 726 700 Misc-Assessmnt Collection Cost 3,291 3,618 7,590 6,978 612 7,590 7,590 Misc-Web Hosting 882 115 232 212 20 232 239 Office Supplies 12' - 400 33 66 99 400 Annual District Filing Fee 175 175 175 175 - 175 175 Total Administrative 71,181 84,888 104,227 37,367 65,200 102,567 106,294 Annual Operating Budget Fiscal Year 2019 Page 1 1611A1 CEDAR HAMMOCK Agent Community Development District Age Heng a/lund Summary of Revenues,Expenditures and Changes in Fund Balances Fiscal Year 2019 Proposed Budget ADOPTED ACTUAL PROJECTED TOTAL ANNUAL ACTUAL ACTUAL BUDGET THRU FEB- PROJECTED BUDGET ACCOUNT DESCRIPTION FY 2016 FY 2017 FY 2018 JAN-2018 SEP-2018 FY 2018 FY 2019 Field ProfSery-Field Management 700 1,450 1,494 - 1,494 1,494 1,539 Contracts-Water Mgmt Serv•ces - 7,200 7,200 2,400 4,800 7,200 7,200 Utility-Cameras 2,305 1,288 1,320 423 846 1,269 1,269 I Electricity-Wells 1,271 2,885 3,000 498 996 1,494 3,000 Electricity-Aerator 139 1,648 2,000 460 920 1,380 2,000 R&M-Lake 5,822 3,000 - 3,000 3,000 3,000 R&M-Bridges 8,000 R&M-Bulkheads 8,000 R&M-Plant Replacement - 1,593 3,015 - 3,015 3,015 3.015 Mise-Contingency - 17,699 15,868 125 125 21,207 Capital Outlay - 22,875 9,945 - - 9,945 Capital Outlay-Bulkheads 28,290 - 1,500,000 - - - - I Reserve-Bridges 100,465 - 20,910 - - - 20,910 Reserve-Bulkheads - 45,332 83,980 - - - 83,980 Reserve-Lakes - 442 15,000 - - - 15,000 Reserve-Roadways - 195,200 72,000 5,457 5,457 72,000 Total Fleld 149,512 297,612 1,738,732 9,363 15,071 24,434 260,065 Debt Service 238,732 Interest Expense - 23,400 - - - - Total Debt Service • 23,400 - _ - , TOTAL EXPENDITURES 220,693 382,500 1,866,359 46,730 80,271 127,001 366,359 i Excess(deficiency)of revenues Over(under)expenditures 52,250 (109,983) (1,500,000) 310,269 (64,923) 245,346 - OTHER FINANCING SOURCES(USES) Loan Proceeds - - 1,500,000 - - - TOTAL OTHER SOURCES(USES) - 1,500,000 - - - Net change in fund balance 52,250 (109,983) - 310,269 (64,923) 245,346 - Fund balance-audit adjustments - - - - - FUND BALANCE,BEGINNING - 717,404 609,902 609,902 - 607,421 852,767 FUND BALANCE,ENDING $ 717,404 $ 607,421 $ 609,902 $ 920,171 $ (64,923) $ 852,767 $ 852,767 Annual Operating Budget Fiscal Year 2019 Page 2 1611A1 Cedar Hammock Agenda Page#13 Community Development District General Fund Budget Narrative Fiscal Year 2019 REVENUES: Interest Income The District earns interest on the monthly average collected balance for their operating accounts,money market accounts and certificates of deposits. Special Assessments-Tax Collector The District will levy a Non-Ad Valorem assessment on all sold and platted parcels within the District in order to pay for the operating expenditures during the Fiscal Year. Special Assessments-Discounts Per Section 197.162, Florida Statutes, discounts are allowed for early payment of assessments. The budgeted amount for the fiscal year is calculated at 4%of the anticipated Non-Ad Valorem assessments. EXPENDITURES: Administrative: Prof Service-Engineering The District's engineer will be providing general engineering services to the District, i.e., attendance and preparation for monthly board meetings,review invoices,etc. Prof Service-Legal Services The District's legal counsel will he providing general legal services to the District, i.c., attendance&preparation for monthly meetings,review operating&maintenance contracts,etc. Prof Service-Management Consulting Sery The District receives Management, Accounting and Administrative services as part of a Management Agreement with Inframark Infrastructure Management Services. These services are further outlined in Exhibit"A"of the Management Agreement. A 3%increase is proposed. Prof Service-Property Appraiser The Property Appraiser provides the District with a listing of the legal description of each property parcel within the District boundaries, and the names and addresses of the owners of such property. The District reimburses the Property Appraiser for necessary administrative costs incurred to provide this service. Per the Florida Statutes,administrative costs shall include,but not be limited to,those costs associated with personnel, forms, supplies,data processing, computer equipment,postage, and programming. The budget for property appraiser costs was based on 1,5%of gross assessments. Annual Operating Budget Fiscal Year 2019 Page 3 1611At Cedar Hammock Agenda Page#14 Community Development District General Fund Budget Narrative Fiscal Year 2019 Prof Service-Special Assessment The District's Collection Agent will be providing financials services which include the collection of prepaid assessments, maintenance of District's assessment roll and levying the annual operating and maintenance assessments. Prof Service—Web Site Maintenance Inframark Infrastructure Management Services maintains the District's email accounts&updates the web site information. A 3%increase is proposed. Auditing Services The District is required annually to conduct an audit of its financial records by an Independent Certified Public Accounting Firm. Postage and Freight Mailing of agenda packages,overnight deliveries,correspondence, etc. Insurance-General Liability The District's General Liability&Public Officials Liability insurance policy is with The Florida League of Cities, Inc. The Florida League of Cities, Inc. specializes in providing insurance coverage to governmental agencies. Printing&Binding Printing and Binding agenda packages for board meetings, printing of computerized checks, stationary,envelopes etc. Legal Advertising The District is required to advertise various notices for monthly Board meetings,public hearings, etc. in a newspaper of general circulation. Misc-Bank Charges Bank analysis fees that are incurred during the year. Misc-Assessment Collection Costs The District reimburses the Tax Collector for necessary administrative costs. Per the Florida Statutes, administrative costs shall include, but not be limited to, those costs associated with personnel, forms, supplies, data processing, computer equipment, postage, and programming. The District also compensates the Tax Collector for the actual cost of collection or 2% on the amount of special assessments collected and remitted, whichever is greater. The budget for collection costs was based on a maximum of 2%of the anticipated assessment collections. Misc—Web Hosting The District incurs expenses to maintain and renew their website domain and email accounts. Annual Operating Budget Fiscal Year 2019 Page 4 1611A1 Cedar Hammock Agenda Page#15 Community Development District General Fund Budget Narrative Fiscal Year 2019 Office Supplies Miscellaneous office supplies required for the preparation of agenda packages. Annual District Filing Fee The District is required to pay an annual fee of$175 to the Dept of Economic Opportunity Div. Field Services: Prof Service—Field Management Inframark Infrastructure Management Services inspects the field and provides an annual report. Contracts—Water Mgmt Services Professional services for envirorunental permit compliance. Currently all fees associated with the renewal of the Water Use Permit. Contracts-Water Quality Professional services in monitoring water quality for reporting to regulatory agencies. Utility—Cameras Comcast provides monitoring services for the District's gate cameras. Electricity-Wells FPL provides electrical services for the District's pumps at the following addresses: • 8684 Cedar Hanunock Circle-Well#4 Meter KL35128 • 3639 Cedar Hammock Court—Well#6 Meter ACD4996 Electricity-Aerators FPL provides electrical services for the District's pumps at the following addresses: • 3826 Wax Myrtle Run—Meter ACD4234 • 8892 Cedar Hammock Blvd—Meter ACD4976 • 3766 Buttonwood Way—Meter ACD8387 R&M-Lake Repair and maintenance expenses related to lakes including washout repairs and erosion. R&M—Plant Replacement Replace landscape plantings at pumps. Misc-Contingency Any current year Field expenditure that may not have been provided for in the budget. Annual Operating Budget Fiscal Year 2019 Page 5 1611A1 Cedar Hammock Agenda Page#16 Community Development District General Fund Budget Narrative Fiscal Year 2019 Capital Outlay Capital expenditures for items such as irrigation equipment or other items meeting capital expenditure requirements. Reserve-Bridges Funds to be set aside for future bridge expenditures as determined by the BOS. Reserve-Bulkheads Funds to be set aside for future bulkhead expenditures as determined by the BOS. Reserve-Lakes Funds to be set aside for future lake expenditures as determined by the BOS. Reserve-Roadways Funds to be set aside for future roadway expenditures as determined by the BOS. Annual Operating Budget Fiscal Year 2019 Page 6 161 1A1 CEDAR HAMMOCK Agenda Page#17 Community Development District General Fund Exhibit"A" Allocation of Fund Balances AVAILABLE FUNDS Amount Beginning Fund Balance-Fiscal Year 2019 $ 853,604 Net Change in Fund Balance-Fiscal Year 2019 - Reserves-Fiscal Year 2019 Additions 191,890 Total Funds Available(Estimated)-9/30/2019 1,045,494 ALLOCATION OF AVAILABLE FUNDS Assigned Fund Balance Operating Reserve-First Quarter Operating Capital 43,617 (1) Reserves-Bridges Prior Year's Reserve Funding 118,180 FY 2018 Reserve Funding 20,910 FY 2019 Reserve Funding 20,910 160,000 Reserves-Bulkheads Prior Year's Reserve Funding 67,360 FY 2018 Reserve Funding 83,980 FY 2019 Reserve Funding 83,980 235,320 Reserves-Lakes Prior Year's Reserve Funding 29,553 FY 2018 Reserve Funding 15,000 FY 2019 Reserve Funding 15,000 59,553 Reserves-Roadways Prior Year's Reserve Funding 117,866 FY 2018 Reserve Funding 72,000 Use of Reserves in FYI8 (5,457) FY 2019 Reserve Funding 72,000 256,409 Subtotal 754,899 Total Allocation of Available Funds 754,899 Total Unassigned(undesignated)Cash $ 290,595 Notes (1)Represents approximately 3 months of operating expenditures Annual Operating Budget Fiscal Year 2019 Page 7 1611A1 Agenda Page#18 CEDAR HAMMOCK Community Development District Supporting Budget Schedules Fiscal Year 2019 1611A1 CEDAR HAMMOCK Agenda Page#19 Community Development District 2018-2019 Assessment Chart O&M Assessment Percent Product Total Units FY 2019 FY 2018 Change Single Family 65 $ 475.00 $ 475.00 0.0% 2-Story 228 $ 475.00 $ 475.00 0.0% 4-Story 330 $ 475.00 $ 475.00 0.0% Duplex 176 $ 475.00 $ 475.00 0.0% 799 Annual Operating Budget Fiscal Year 2019 Page 0 1 6 1 1 A 1 Agenda Page#22 RESOLUTION 2018-03 A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE CEDAR HAMMOCK COMMUNITY DEVELOPMENT DISTRICT CONFIRMING THE DISTRICT'S USE OF THE COLLIER COUNTY SUPERVISOR OF ELECTIONS TO CONTINUE CONDUCTING THE DISTRICT'S ELECTION OF SUPERVISORS IN CONJUNCTION WITH THE GENERAL ELECTION. WHEREAS, the Cedar Hammock Community Development District (hereinafter the "District") is a local unit of special-purpose government created and existing pursuant to Chapter 190, Florida Statutes, being situated entirely within Naples,Florida; and WHEREAS, the Board of Supervisors of Cedar Hammock Community Development District (hereinafter the "Board") seeks to implement section 190.006(3)(A)(2)(c), Florida Statutes and to instruct the Collier County Supervisor of Elections (the "Supervisor") to conduct the District's General Elections. WHEREAS, the Supervisor has requested the District adopt a resolution confirming the District's use of the Supervisor for the purpose of conducting the District's future supervisor elections in conjunction with the General Election; and WHEREAS, the District desires to continue to use the Supervisor for the purpose of conducting the District's supervisor elections in conjunction with the General Election. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE CEDAR HAMMOCK COMMUNITY DEVELOPMENT DISTRICT: Section 1. The Board is currently made up of the following individuals: Thomas Cook, Gary McClellan,Norman Day, Quentin Greeley and vacant seat Section 2. The term of office for each member of the Board is as follows: Supervisor Term(Including Expiration Date) Thomas Cook 11/2018 Gary McClellan 11/2018 16 % 1A1 Agenda Page#23 Norman Day 11/2018 Quentin Greeley 11/2020 Vacant Seat 11/2020 Section 3. Seat 3, currently held by Thomas Cook, Scat 2, currently held by Gary McClellan and Seat 1, currently held by Norman Day are scheduled for the General Election in November 2018. Section 4. Pursuant to section 190.006(8), Florida Statutes, members of the Board shall be entitled to receive for his or her services an amount not to exceed$200 per meeting of the Board,not to exceed$4,800 per year per member. Section 5. The term of office for the individuals to be elected to the Board in the November 2018 General Election is four years. Section 6. The new Board members shall assume office on the second Monday following their election. Section 7. The District hereby instructs the Supervisor to continue conducting the District's elections in conjunction with the General Election. The District understands that it will be responsible to pay for its proportionate share of the General Election cost and agrees to pay same within a reasonable time after receipt of an invoice from the Supervisor. PASSED AND ADOPTED THIS 12TH DAY OF MARCH,2018. ATTEST: CEDAR HAMMOCK COMMUNITY DEVELOPMENT DISTRICT 'stin Faircloth Thomas Cook Secretary Chairman 161 1A1 Agenda Page#26 David Schmudde 3848 Wax Myrtle Run Naples, FL 34112 732-809-0645 March 1, 2018 Justin Faircloth District Manager Community Development District Re: Vacancy for Board Member Dear Mr. Faircloth: I am interested in the vacant Board position on the Cedar Hammock Community Development District Board. I am a resident of Cedar hammock, resident of Florida and am registered to vote in Collier County. I have a BSCE degree from Marquette Univ., with a specialization in structural engineering. I have worked in heavy construction. I have a M.Econ. from North Carolina State Univ. I have a J.D. from the University of Florida. I am a current member of the Florida Bar, and the Bar of the State of New York. I was a professor of Law at Fordham University for 36 years. I taught Property Law, Real Estate Finance and Tax Law. I was a trial attorney for the Office of Chief Counsel to the IRS. 1611A1 Agenda Page#27 I was president of a Homeowner's Association in New Jersey for eight years. I was Treasurer of a Homeowner's Association in New Jersey for four years. This Homeowner's Association was similar to Cedar Hammock, having a golf course and many amenities. I believe that my background in engineering, finance and law make me uniquely qualified to work on this Board. Sincerely, David Schmudde 1b11A1 Agenda Page#28 From:jay&nancy straub [mailto:jstraub5(a%s;omcastriet] Sent: Wednesday,February 28,201g 1:32 PM To: Faircloth,Justin<Ju€stir.Faircloth((Iinfrarnark_com> Cc: tornatonig rriec.com; generalmanager,Tom Read <gene ralmanager("rx;cedarham.mockcc.cotn> Subject: CDD Board position Mr. J ustin Faircloth, I would like to be considered for membership on the CDD Board at Cedar Hammock During my working career. I owned and managed both residential and commercial properties. I hired contractors and did much of the work myself. As a public school teacher for 33 years I served on several state committees and was president of our teachers' organization. I also was a board member of a sheltered workshop for handicapped individuals, being the president at one time. At Cedar Hammock I am president of our home owners' association. Included in my responsibilities have been a roof replacement of over $240,000 and an outdoor lighting project for the buildings and garages. I have experience working with management companies and contractors. Currently, I am chairman of the Cedar Hammock Building and G rounds Committee. I also served on the Amenities Expansion Committee. I would like to thank the Board for the hard work they do and would welcome the opportunity to assist in any way. Thank you for your consideration. Jay M. Straub 8560 Cedar Hammock C ircle #916 Naples FL 3411 cell 814 332 0333 1611A1 Forwarded Message From: "Jack Rupe" <jackrupeagmail.com> To: Justin.faircloth(a?inframark.com Sent: 2/26/2018 9:11:32 AM Subject: Cedar Hammock Supervisor position#4 Dear Board of Supervisors for the Cedar Hammock CDD My name is Jack Rupe, I am submitting my name for consideration for the vacated Seat#4 on the Board of Supervisors for the Cedar Hammock Community Development District. I have been a Cedar Hammock owner since April 2010, Florida Resident, a registered voter and a year-round resident for the past three plus years. My career was in the Fire Service for 31 years, during those years I was a Certified Fire Inspector, Arson investigator, a member of Building Official Code Administrators International (BOCA). The last 16 years of my carrier I was promoted and served as Fire Chief. After retiring from the fire service, I ran for treasurer of the City of Lancaster and was elected to two four years'terms of office. I have served as an officer and director for a number of non-profit community based organizations such as Board Member and President of Meals on Wheels, President of Cerebral Palsy and Disabilities County Board, County Zoning Board member and was a Certified Building Inspector. I am familiar with the process of board activities and communication with members of the community. I would appreciate the opportunity to use my time and talents to serve on the Board of Supervisors for the Cedar Hammock Community Development District Respectfully Submitted Jack L. Rupe 8670 Cedar Hammock Cir Unit#236 Naples FL 34112 lackrupeagmail.com 740-215-1001 16 % 1A1 RESOLUTION 2018-04 A RESOLUTION DESIGNATING OFFICERS OF CEDAR HAMMOCK COMMUNITY DEVELOPMENT DISTRICT WHEREAS, the Board of Supervisors of the Cedar Hammock Community Development District desires to appoint the below recited persons to the offices specified. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF CEDAR HAMMOCK COMMUNITY DEVELOPMENT DISTRICT: 1. The following persons were appointed to the offices shown,to wit: Chairman tr2C!,cedey Vice Chairman Justin Faircloth Secretary Robert Koncar Treasurer Stephen Bloom Assistant Treasurer iy — Gri��k.K. Assistant Secretary A/vf*a-4J t.. Ovit Assistant Secretary i -vet, Ale— Assistant Secretary PASSED AND ADOPTED THIS 9th DAY OF APRIL,2018. Chairman J/"n Fai' (h cretary 16 1A1 Agenda Page#32 BRIDGES AND BULKHEADS Presentation Package for March 19, 2018 The proposed presentation consists of four sections (attached): 1. The CDD letter intended to have been read at the January 15, 2018 Master Board Meeting. 2. A short description of Florida's Sunshine Laws which affect how CDD Supervisors must conduct themselves regarding meetings. 3. Information about Bulkheads and the CDD's current plans. 4. Information about Bridges and the CDD's current plans. Questions and comments from the audience are expected and all Supervisors should plan on being involved in responding. 1611A1 Agenda Page#33 The following letter was prepared for presentation to the January 15,2018 Master Board Meeting-but in a last minute decision by the MB, it was not read. The CDD believes it contains useful information which should have been in the community 2 months ago. CEDAR HAMMOCK COMMUNITY DEVELOPMENT DISTRICT(CDD) Revised Request for a Liaison to the CDD Board The CDD's project to replace tall bulkheads on holes 4, 5, 16 and 17 in 2019 has been revised to delay the major re-build to 2028 when the golf course is scheduled for re- grassing. This revision will include close monitoring of the condition of these bulkheads and the use of spot repairs/selected maintenance to extend the life of the bulkheads-with outside vendor repair assistance as required. Benefits of this approach include avoiding expenditures of several millions of dollars in 2019(and a likely assessment or major debt obligation), allow several more years to accumulate reserve funding for this purpose, and importantly, avoid major disruptions and operating revenue losses for Cedar Hammock during 2019. Consequently,the close cooperation and mutual decsion making/planning envisioned for the larger project is not required at this time and the CDD recommends that the Master Board action for a liaision be delayed indefinitely. As the 2019 project was developing, construction costs obtained were significantly higher than first anticipated and doing the project on the existing golf course precluded using the preferred, lowest-cost small block wall approach due to major on golf course excavation that will significantly encroach into the golf course-an issue which can more readily be addressed in 2028's overall re-grassing plan. Further, a site visit to our sister community Naples Heritage, which has bulkheads 5 years older than ours, suggests that selected repairs and maintenance could extend bulkhead life. Key parts of the revised plan are to have 90% engineering plans completed for the small block wall bulkhead replacements so as to be ready for bidding the project in the future. Short term, CH staff will continue to pay special attention to any signs of bulkhead failures for immediate action. Any repairs requiring manpower or resourses beyond CH capabilities will be addressed with our supplier Artistic Structures- a company that has done excellent work in this area for Cedar Hammock. We thank the CH Master Board and CH Management for their continuing willingness to work with the CDD and we cordially invite anyone interested in CDD activities to attend our meetings and visit our website which has complete financial records and meeting minutes going back several years. file:CDDlfaison January 15,2018 1611A1 Agenda Page#34 Florida Sunshine Law Cedar Hammock's Community Development District falls under Florida Sunshine laws. Basically, these statutes prohibit two or more members of the same Board from discussiing any matter which foreseeably could come before that Board. It goes so far as to deal with a married couple who serve on the same Board. The ruling is that: no per se violation of the Sunshine Law occurs because they are married as long as they do not discuss Board business. The practical effect of this is that CDD Board members can't talk with other members about any CDD business and, all information/opinion exchanges must occur"in the sunshine". So as new slants or opinions on a topic develop, the Board members must make decisions at the meeting or, they must work independently between the Board meetings to make an informed decision on behalf of their constituents. This has had the effect of delaying decsisions - sometimes over 2 or 3 meetings instead of being handled at the first meeting a subject has been raised. The sunshine laws also affect CDD Board members in other forums. For example, our CDD Board has been cautioned to excuse themselves from "other" meetings, such as a Master Board meeting, when more than one COD Supervisor is present and any matter that might come before the CDD Board is mentioned. The reason that we are able to have all CDD supervisors at this meeting and discuss CDD business, is becase we passed a "Continuation Motion" at our March 12 meeting to continue discussion at this March 12 meeting. Otherwise, this meeting would only have had one CDD member present - clearly less than desirable. We believe its important that our CH constiutents understand the real impact, or in other words, the price of, open government on how the COD must and will conduct itself. 1 6 I UI Agenda Page#35 BULKHEADS How Do They Fail? • Timber walls do not fail catastrophically -they fail as weak spots give way. • Whalers, the horizontal beams between the pilings, can crack, rot, bend or break under load pressures. • We have routinely inspected the whalers and have reinforced many with metal brackets or additional wood braces. We will continue this practice. • Tie backs, which are galvanzized cables which tie the piling back into the earth fail due to corrosion. When they weaken, the piling moves outward or bulges and earth can be washed out. This is a slow moving failure and aesthetically undesirable. • When tie backs fail, the fix is to excavate behind the piling and make repairs. We have made these type of repairs and will continue to make these repairs as necessary. • Making whaler and tie back repairs can extend the useful life and maintain the aesthetics of our timber bulkheads. 1611A1 Agenda Page#36 BULKHEADS New Bulkhead Alternative Designs • Three alternative bulkhead designs have been identified for Cedar Hammock to replace existing bulkheads -especially the "tall" walls on #4, #5, #16 and #17. • The lowest cost, 75 year life replacement wall is the "small block" style. It consists of concrete blocks about 8" x 18" and 9" deep. Construction is done by excavating back about 30 feet onto the course and burying geosynthetic reinforcement in the earth for every three courses of concrete block. Because this design encroaches well into the golf course, it is best suited to be done when the golf course is scheduled for re-grassing. • A second design is a new timber wall. The new wall is designed to be built directly in front of the existing wall, and is constructed in the same manner and appearance as the exisitng bulkhead. This design requires excavation into the golf course of about 12 feet. Cost is higher than the small block design with a life of about 25 years. • The third design is a 1/2 inch thick vinyl sheeting with a corrugated appearance. The sheeting is driven into the earth working from either the grass side(easiest) or the water side (harder and more expensive). Cost is similar to the small block design with a 50 year projected life. Encountering stone outcrops or boulders - a major unknown - could add signifcant costs to the construction. Our neighbor Kensington intends to use this product and we hope to learn from their experience. This alternative is being explored further at this time for costs and feasibility. 1611A1 Agenda Page#37 BULKHEADS Summer 2017 • 90% design levels have been completed by Bridging Solutions for the small block and timber wall alternatives. • Recognizing we wanted to avoid the major incursion into the course of the small block design before 2028, the CDD obtained an estimate of the costs to install a new timber wall. Local firm TSI developed budget estimates for timber walls in October, 2017 Millions of 2017 Dollars'** #4 #5 #16 #17 Total $ 1.23 $ 1.29 $ .48 $ .37 $ 3.37 1/2 of T. Read est. of May thru Oct.shutdown costs $ A2 Total $ 3.79 million ""'excludes bonds, ins., permit fees or$27,000 per rock drilling if rock is encountered Minimum Cost per CH door $4,743 1611 11 Agenda Page#36 BULKHEADS What Next? • Board concluded it would be financially undesirable to proceed with a wholesale bulkhead replacement project. Continuing to monitor and make repairs to extend the life of the bulkheads is determined to be the best plan. This approach is consistent with the approach the CDD has employed to determine the order of road re-surfacing within Cedar Hammock. • CH has scheduled a shut down June 1 to mid July, 2019. If any of the four tall walls is determined during 2018 to need replacement, we would use this window to do it. However, our preferred approach at this time is to continue targeted maintenance and repairs. • Goal is to maintain/repair bulkheads until 2028 golf course re-grassing and then implement small block new walls on #4, #5, #16 and #17. Bridging Solutions has stated that while this is not the"ideal" engineering solution, it is "not unreasonable" and there are examples in the area of older bulkheads that have been maintained without replacement. • If in the coming years it is judged that a bulkhead requires replacement, we will schedule it at the next available planned golf course shut down period. Obtaining a bank loan for an individual hole's bulkhead could be an option for funding. 1611A1 Agerda Page#39 BRIDGES Status Report • In 2017 the bridge at #18 green failed. CH staff implemented a repair to get the bridge back into service. • Because of the failure on #18, the CDD immediately ordered a 100% inspection of all bridges which was completed by January, 2018. • Some urgent repair needs were identified and all of these were completed during the week of March 12, 2018. • Additional repair needs were identified as being required within 1 to 2 years. The CDD intends to complete these within 6 months immediately following the 2018 peak season. • An engineering dynamic load analysis review of our equipment weights concluded all of our equipment can safely transverse all bridges. • Bridge replacement is projected for 2028. i611A1 Agenda Page 57 Cedar Hammock Community Development District Financial Report January 31, 2018 Prepared by: 6I N FRAMARK INPRASlkI"C.'URL MANA4EMCNt SERVICES 1611A1 CEDAR HAMMOCK Agenda Page#58 Community Development District Table of Contents FINANCIAL STATEMENTS Balance Sheet Page 1 Statement of Revenues,Expenditures and Changes in Fund Balances General Fund Page 2-3 SUPPORTING SCHEDULES Non-Ad Valorem Special Assessments Page 4 Cash and Investment Report Page 5 Suntrust Bank Reconciliation Page 6 Check Register and Invoices Pages 7-24 1 6 1 1 A 1 Agenda Page#59 Cedar Hammock Community Development District Financial Statements (Unaudited) January 31, 2018 161lA1 CEDAR HAMMOCK Agenda Page#60 Community Development District General Fund Balance Sheet January 31,2018 ACCOUNT DESCRIPTION TOTAL ASSETS Cash-Checking Account $ 389,482 Accounts Receivable 9,912 Due From Other Funds 350,000 Investments: Certificates of Deposit-12 Months 203,413 Certificates of Deposit-18 Months 101,437 Money Market Account 220,682 Prepaid Items 227 Deposits 1,359 TOTAL ASSETS $ 1,276,512 LIABILITIES Accounts Payable $ 356,341 TOTAL LIABILITIES 356,341 FUND BALANCES Nonspendable: Prepaid Items 227 Deposits 1,176 Assigned to: Operating Reserves 36,944 Reserves-Bridges 118,180 Reserves-Bulkheads 67,360 Reserves-Lakes 29,553 Reserves-Roadways 117,866 Unassigned: 548,865 TOTAL FUND BALANCES $ 920,171 TOTAL LIABILITIES&FUND BALANCES $ 1,276,512 Pagel 1611A1 CEDAR HAMMOCK Agenda Page#61 Community Development District General Fund Statement of Revenues,Expenditures and Changes in Fund Balances For the Period Ending January 31,2018 ANNUAL YTD ACTUAL ADOPTED YEAR TO DATE AS A%OF JAN-18 ACCOUNT DESCRIPTION BUDGET ACTUAL ADOPTED BUD ACTUAL REVENUES Interest-Investments $ 2,017 $ 2,112 104.71% $ 537 Special Assmnts-Tax Collector 379,523 363,050 95.66% 15,300 Special Assmnts-Discounts (15,181) (14,151) 93,22% (402) Other Miscellaneous Revenues - 5,988 0.00% - TOTAL REVENUES 366,359 356,999 97.45% 15,435 EXPENDITURES Administration ProfServ-Engineering 30,000 1,310 4.37% 783 • ProfServ-Legal Services 2,000 460 23.00% 105 ProfServ-Mgmt Consulting Sery 37,286 12,429 33.33% 3,107 ProfServ-Property Appraiser 5,693 4,195 73.69% - ProfServ-Special Assessment 2,855 2,855 100.00% - ProfServ-Web Site Maintenance 637 - 0.00% - Auditing Services 5,000 - 0.00% - Postage and Freight 765 195 25.49% 34 Insurance-General Liability 7,500 7,235 96.47% - Printing and Binding 1,000 459 45.90% 141 Legal Advertising 2,394 589 24.60% - Misc-Bank Charges 700 242 34.57% 75 Misc-Assessmnt Collection Cost 7,590 6,978 91.94% 298 Misc-Web Hosting 232 212 91.38% 53 Office Supplies 400 33 8.25% - Annual District Filing Fee 175 175 100.00% - Total Administration 104,227 37,367 35.85% 4,596 Page 2 1611A1 Agenda Page#62 CEDAR HAMMOCK Community Development District General Fund Statement of Revenues, Expenditures and Changes in Fund Balances For the Period Ending January 31,2018 ANNUAL YTD ACTUAL ADOPTED YEAR TO DATE AS A%OF JAN-18 ACCOUNT DESCRIPTION BUDGET ACTUAL ADOPTED BUD ACTUAL Field ProfSery-Field Management 1,494 - 0.00% - Contracts-Water Mgmt Services 7,200 2,400 33.33% - Utility-Cameras 1,320 423 32.05% 106 Electricity-Wells 3,000 498 16.60% Electricity-Aerator 2,000 460 23.00% 98 R&M-Lake 3,000 - 0.00% - R&M-Plant Replacement 3,015 - 0.00% - Misc-Contingency 15,868 125 0.79% 125 Capital Outlay 9.945 - 0.00% - Capital Outlay-Bulkheads 1,500.000 - 0.00% - Reserve-Bridges 20,910 - 0.00% - Reserve-Bulkheads 83,980 0.00% - Reserve-Lakes 15.000 - 0.00% - Reserve-Roadways 72,000 5:457 7.58% - Total Field 1,738,732 9.363 0.54% 329 Debt Service Interest Expense 23,400 - 0.00% - Total Debt Service 23,400 - 0.00% - TOTAL EXPENDITURES 1,666,359 46,730 2.50% 4,925 Excess(deficiency)of revenues Over(under)expenditures (1,500,000) 310,269 -20.68% 10,510 OTHER FINANCING SOURCES(USES) Loan/Note Proceeds 1,500,000 - 0.00% - TOTAL FINANCING SOURCES(USES) 1,500,000 - 0.00% - Net change in fund balance $ - $ 310,269 0.00% $ 10,510 FUND BALANCE,BEGINNING(OCT 1,2017) 609,902 609,902 FUND BALANCE,ENDING $ 609,902 $ 920,171 Page 3 1 6 1 1 A 1 Agenda Page#53 Cedar Hammock Community Development District Supporting Schedules January 31, 2018 1611A1 .t a N N c a. a RS a c a cm Q 00 0 co 0 0 0 M O O o 00 Z 'O +N" CN 0 co0Qom) N 0 COO 0M LO O COO c 0 7 N O) O' N co" Cn O) c) � M (C) co" Y. E M O N. CO C0 M 0) ✓ i NN tii l c () CA CR !P! • CO o COO 0 O M 0 0 o CO N O 0 CC) Cf) O (0 O in CO n (CI CD 0 4) N CD CO CO 0 CO W N N CO" CO COO .- ,- CMO 00)) e- c O O •E CO M od c (n EA .10 H Q N 10 C C C T 4) r+ t() N- N CO000) CO y O Cl C co 7 ct CO CO. N N C) '• < d 7 0 0 CO- r• C0 N 0 4 O V g V d W Id) d >. Q' 2w012- - N- o uIn 000 ) dC O � N- v ' O 7 +' 7 co' h CV '6 C O c O N C 0) EaL Li- a) r' N 40) O m N CO A 7, } O Lo M N O 0 e- () C ,� N (00 0) N 00)) 00) COO 0) Q K Cn 7 N LL N CV fV rF a- •• .. O > ar- O M C7 z •y CL z C• 0 Z O: N L• u- a) W 0 J W H d Y T) m ° N- r- ti N N CO J U N C r .- r r r W U C 61 � ° N- u) O C) .,:c a O ,- C)) N C') CD"ti 03 U r T , o O UU 0 re Q Q r o F" p 1 o co V a N p o 2 o N I y Z Y a w Q E a W0 Le U U 1611AI CEDAR HAMMOCK Agenda Page 65 Community Development District Cash and Investment Report January 31,2018 General Fund Account Name Bank Name Investment Type Maturity Yield Balance Checking Account-Operating SunTrust Bank Public Funds NOW n/a 1.16% $ 389,482 Certificate of Deposit-8030 BankUnited 12 month CD 2/13/19 1.54% 203,413 Certificate of Deposit-6089 BankUnited 18 month CD 3/9/18 1.10% 101,437 Money Market Account BankUnited Public Funds MMA n/a 0.77% 220,682 sub-total MMA 220,682 Total $ 915,014 Report Date:2/21/2018 Page 5 1611A1 Agenda Page#66 Cedar Hammock COD Bank Reconciliation Bank Account No. 9995 SunTrust•GF Statement No. 01-18 Statement Date 1/312018 G/L Balance(LCY) 389,482.43 Statement Balance 389,482.43 G(L Balance 389.482.43 Outstanding Deposits 0.00 Positive Adjustments 0.00 Subtotal 389,482.43 Subtotal 389,482.43 Outstanding Checks 0.00 Negative Adjustments 0.00 Differences 0.00 Ending D/L Balance 389,482.43 Ending Balance 389,482.43 Difference 0.00 Posting Document Document Cleared Date Type No. Description Amount Amount Difference Page 6 1611A1 ti O r` N O O L0O O W M M M n O ,- N N O M O O) W V N N (D 7 03 0 N- M V C O En a (n W h A m co O) E a 00 0 fA O Efl EA N N � M Ep O d (0 Q N M (4 MEA EA ED O n_ EA ei w to (a — c m * t Q c a o 0 0 0 0 0 0 0 0 0 0 Ny U m N M M M M O M O) O ° V M M M o y J EO r W En (O O NO F U 00400y- 000E04 0 0000000000 O 00 c w0 (U Ef) C) 0 0 7,- N C) V)) � U. F cC 0) O N u) a E 0) U (n c N N 7 y Nn N L C LO 0d UJ U 'yO c ' O (I) O c ' G C EamoLL m (0) C. ,c 0 = c .c d , i U c m m o) ° o) ° ¢ 2 'g Z 0 4 *0 co c 0 0 NO C y Q N 0) N N o a` a a a a _Jw w 112 N M W F7 M c U p V O 3 O z Q. • W W w W > _ _ O w W = WWWW 0 2 0 0 C > 0 u JO " (LIL W aOQ p M O d▪ Y , 00000 ,. E -, -, w v c W ¢ W DWW aOOL ,C1) Wm2r� r ` tija = > OEU T u, OOOOOONMMO co N NNNa W a Q ya Wm (,) 00000i- - 44 w w w w w a a j Q - O A E .O m ¢ p ❑ 0000 , aa W 030 O N 22 V = a m N z 00 a1 s 3 s a) oco EA o5 EO '; N N-( °h ( C O O M M ELL. C (Y (O O (° 0 0 0 0 0 0 oOq N N N N N (0 N O 0 U0 J J C) W 00m K W a 00000 W J J Ja J J = } Y Y Y Y Y 0 Ce (2221:4 Luc) « « 4 U- U- LL U- CL w < < a d Z Z Z Z Z (L O Z LL W T 0 W W W W W W W W W W m O ) N N N N N ,- w O 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 f0 M M t2 J W W W W W (C W 0 0 0 O 2 00 O 0 0 0 0 0 0 0 0 o p p Q W c o 0 0 0 0 0 0 0 0 0 0 LL z W O o 0 0 0 0 0 0 0 0 1611A1 • RESOLUTION 2018-05 A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE CEDAR HAMMOCK COMMUNITY DEVELOPMENT DISTRICT APPROVING THE BUDGET FOR FISCAL YEAR 2019 AND SETTING A PUBLIC HEARING THEREON PURSUANT TO FLORIDA LAW WHEREAS, the District Manager has heretofore prepared and submitted to the Board a proposed operating and/or debt service budget for Fiscal Year 2019; a copy of which is attached hereto, and WHEREAS,the Board of Supervisors has considered said proposed budget and desires to set the required public hearing thereon; NOW, THEREFORE BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE CEDAR HAMMOCK COMMUNITY DEVELOPMENT DISTRICT; 1. The budget proposed by the District Manager for Fiscal Year 2018 is hereby approved as the basis for conducting a public hearing to adopt said budget. 2. A public hearing on said approved budget is hereby declared and set for the following date, hour and place: Date: May 21, 2018 Hour: 3:00 P.M. Place: Cedar Hammock Clubhouse 8660 Cedar Hammock Boulevard Naples, Florida Notice of this public hearing shall be published in the manner prescribed in Florida Law. Adopted this 12th day of March, 2018. Torn Cook Chairman J(.4-4‘r, J tin Fai cloth ecretary 1611A1 4 ., Attractive & r Feature-Filled •� � �. �`; ' ,x c,> � vertast Vinyl golf course takewalls have a Clean look. and we offer color choices and synthetic cap options e. to match the sun oundins landscape.if the wall ever , gets dirty,it can easily be pressure washed to look the new again. Evertast Vinyl Seawalls are perfectly suited for Island • as Greens.retalni ng wailt.retsnttnn/cIntP ill r pot Js ;� t channel linings and moron/wetland barriers at golf courses.The product is made from recycled products and does not leach any fiarmful.chernicels into the ! environment.me sheets ate Watrtcilized,quahty g:1„if A • control tested and proven to ast..,allwhilelookinggreat! `" C3 i! . ii " tril litifif _ Affordable & al - , Minimally Disruptive We've designed our vinyl sheet piling to accommodate golf course Ripen ntendents and their budgets Golf cove se lakewalls are often overlooked because or fear of the cost.However, after evaluating the longterm costs,maintenance savings,and aesthetic benefits.the value speaks for Itself. - .- ` '"- .. In many northern cla tates,installs can be clone during the winter months,so,const ructioa will have little to no impact on playebility.In other cases,the work can be done in con/unction with normal play or in some cases wtthtemporaryteeboxes/grc-ens.Crawsare able towork Kenn yDavis quickly and normally have work completed within a very short time. 1 6 1 1 A 1 Learn More ,, 11.� a About Vinyl Seawalls and 44-5,- Retaining Walls at Your Course - - rwa � °�t 31 1 ' _� ,A� w '' ter 6,` tL r 4 -- v ;�""- pgspif av? .a 10 tiasave . 4 4 * x""�.-,, � a. �' p .S , ;,,-,tit' '`nui • Asa proud member of the GCSAA �7 i)1 i)t j j t,f Everlast is working with both Golf Course Superintendents and ® ,+' © t,nked� Vin yl Architects to design and retrofit Seawalls golf courses that require long term solutions for seawalls,bulkheads, and retaining walls. Improve Course Aesthetics& Save on Maintenance with GolfCour se Lakewalts If you'd like to learn more about adding an Everlast s a�� ,L4 � „•. Vinyl iakewalt or seawall to your golf course, M A Call us at 1-800-687-0036 fora � �� FREE ESTIMATE! We will walk you through the entire process from '-_^;+' !!'Y.` features,benefits,costs-Loth short teen and long term• andsuggest brat contractors to hetpwiUt the install, everla st seawalls.corn everlastseawalts.com 1 6 1 1 A 1 ngenium, Inc. " March 12,2018 Mr.Norman Day Cedar Hammock CDD and Board of Supervisors Section 3,Township 50 South,Range 26 East Collier County,FL RE: Engineering Services Vinyl Sheet Pile Bulkhead-Golf Hole 16 Collier County,FL Dear Mr.Day: Ingenium, Inc. appreciates the opportunity to provide you with this proposal for engineering services for the above referenced project.Based on the information you have provided our firm, we have prepared the following Scope of Services: I. Engineering Design Services: Engineering design services ("Services") include structural design of a vinyl sheet pile wall totaling approximately 372 LF. Design is to be based on information provided by the Client,including information relating to site conditions—geotechnical and civil/survey information. INGENIUM is entitled to rely on such information. IL Completion Time: Estimated two (2) weeks from receipt of all relevant information required to complete the design work and executed design contract. M. Total Estimated Project Fees: Six thousand five hundred ten dollars ($6,5010.00). $2,000.00 is required to execute services agreement and balance is due just prior to issuing final drawings. IV. Limitation of Services: Services do not include on-site inspection,geotechnical or subsurface utility investigation, civil or survey wall layout, permitting, or installation quality assurance/quality control. V. Terms and Conditions: Included as Exhibit"A". VI. On-Site Construction Observation (optional): Same Terms and Conditions in Exhibit"A" and pricing as noted in Exhibit"B". These services will be required if construction compliance with plans and specifications is required. Chapter 471,F.S.and Rule 61G15-19 requires that I disclose any potential conflict of interest to a client in writing. As a partner with Everlast Synthetic Products,LLC(ESP),such a potential conflict of interest exists. ESP manufactures,markets,distributes,and sells synthetic sheet pile for bulkheads and seawalls. If any of these materials are utilized for this project,I INGENIUM, INC. 4085 DEVEREUX CHASE RoswELL, GA 30075 678.315. 1751 1611A1 Mr.Norman Day Vinyl Sheet Pile Bulkhead Page 2 of 5 could realize financial gain through the sale of these products. I can assure you that this will in no way influence my judgment or the quality of service being provided to Cedar Hammock CDD. Should you find our contract terms satisfactory and are in agreement, please initial each page and sign below. Return one (1) copy to our office. If you have any questions, please do not hesitate to contact us. Best Retards `; � •► Carl A.Hazenberg,P.E. President Contract offered this 12th day of March.2018 and open until the 12th day of April 2018, INGENIUM: f/�� i 1 ' Carl Haze .7 . . Contract accepted this day of ,2018. Client: By: Name Title Billing Information: Accountants Payable Contact: Company: Address: City: State: Zip: Email Address: Office Tel.:( ) Fax No.: ( ) Ingenium,Inc. 4085 Devereux Chase Roswell,GA 30075 678.315.1751 1611A1 Mr.Norman Day Vinyl Sheet Pile Bulkhead Page 3 of 5 EXHIBIT"A" TERMS AND CONDITIONS GENERAL CONSIDERATIONS: A. Standard of Care: The standard care for all professional engineering and related services (the "Engineering Services")performed or furnished by INGENIUM under this Agreement will be the care and skill ordinarily used by members of the subject profession practicing under similar circumstances at the same time and in the same locality. INGENIUM makes no warranties, express or implied, under this Agreement or otherwise, in connection with the Engineering Services. INGENIUM and its consultants may use or rely upon the design services of others, including,but not limited to,engineers,contractors,manufacturers,and suppliers. B. Subsurface Conditions: INGENIUM recommends that Client provide a site geotechnical investigation and report prepared by a licensed geotechnical engineer. If INGENIUM is directed to proceed with the Engineering Services without the recommended geotechnical investigation and report, Client acknowledges that the Engineering Services will proceed based on assumed soil design parameters, and will hold INGENIUM harmless for any consequences relating to differing subsurface conditions. C. No Construction Supervision,Etc.: INGENIUM shall not at any time supervise,direct,or have control over any Contractor's work,nor shall INGENIUM have authority over or responsibility for the means,methods,techniques,sequences,or procedures of construction selected or used by any Contractor, nor for any failure of any Contractor to comply with laws and regulations applicable to such Contractor's work. D. Design Services without Construction Phase Services: If INGENIUM's Engineering Services under this Agreement does not include Construction Phase Services (e.g., construction observation, review of Contractor's performance, etc.), INGENIUM's Engineering Services under this Agreement will be considered to be completed upon delivery of construction documents described in INGENIUM's Scope of Services. E. Indemnification: Client shall indemnify INGENIUM for any claims against INGENIUM resulting from its acts, errors, or omissions of any Contractor, subcontractor, or supplier, or of any such person's agents or employees. Client's indemnification obligation shall also extend to claims against INGENIUM relating to any interpretation or clarification relating to the Engineering Services made without the consultation and advice of INGENIUM. F. Use of Documents: All design documents prepared or furnished by INGENIUM are Instruments of Service, and INGENIUM retains an ownership and property interest in such documents (including copyright and the right to reuse),whether or not the Project is completed. Client may make and retain copies of such documents for information and reference in connection with use on the Project by Client.Such documents are not intended or represented to be suitable for reuse by Client or others on extensions of the Project or on any other project. Any such reuse or modification without written verification or adaptation by INGENIUM, as appropriate for the specific purpose intended,will be at Client's sole risk and without liability or legal exposure to INGENIUM or to INGENIUM's Consultants. Client shall indemnify and hold harmless INGENIUM and INGENIUM's Consultants from all claims, damages, losses, and expenses, including attorneys' fees arising out of or resulting from such reuse of INGENIUM's design documents. H. PAYMENT PROCEDURES A. Preparation of Invoices. INGENIUM will prepare an invoice at the end of the month,or when work is completed in accordance with this Agreement. B. Payment of Invoices. Invoices are due and payable within 10 days of receipt. C. Late Payments. Invoices not paid within 30 days of receipt are considered past due and the work associated with the Project may be suspended until full payment due is received. Invoices not paid within 60 days may be referred to outside collection agencies or attorneys. Client will be responsible for costs and attorneys'fees associated with collection of overdue accounts. D. In the event of governmental actions after the Effective Date of this Agreement that impose taxes on INGENIUM's services or other costs in connection with this Project or compensation Ingenium,Inc. 4085 Devereux Chase Roswell,GA 30075 678.315.1751 1611A1 Mr.Norman Day Vinyl Sheet Pile Bulkhead Page 4 of 5 therefore,such new taxes shall be invoiced to and paid by Client as a Reimbursable Expense to which a Factor of 1.0 shall be applied.Should such taxes be imposed,they shall be in addition to INGENIUM's estimated total compensation. E. Payments Upon Termination. In the event of termination by Client for convenience or by INGENIUM for cause, INGENIUM shall be entitled to invoice Client and shall be paid a reasonable amount for services and expenses directly attributable to termination,both before and after the effective date of termination, such as reassignment of personnel, costs incurred in termination of contracts with INGENIUM's sub-consultants,and other related close-out costs,in accordance with fees described for Additional Services. HI. ADDITIONAL SERVICES: A. If authorized by Client, or if required because of changes in the Project, INGENIUM may furnish services in addition to those set forth in the Scope of Services("Additional Services"). B. Fees for Additional Services shall be as follows: (l) at a rate of$300/hr,or (2) a negotiated lump sum amount. IV. SUSPENSION OF SERVICES: A. If the client fails to make payment after 60 days, INGENIUM may suspend work until the full payment due is received. B. INGENIUM shall have no liability whatsoever to the Client for any costs or damages as a result of INGENIUM's suspension of services due to Client's failure to make timely payments in accordance with this Agreement. V. CLAIMS AND DISPUTES: A. Limitation of Liability: To the extent permitted by law,and notwithstanding any other provision of this Agreement, the total liability of INGENIUM, its officers, directors, employees and agents, and INGENIUM's sub-consultants, or any of them, to Client and anyone claiming through Client,shall not exceed the amount of fees collected by INGENIUM. B. Dispute Resolution: If a dispute arises out of or relates to this Agreement or its breach,and if the dispute cannot be settled through direct discussions,the parties agree that prior to the filing of any legal action,they will first endeavor to settle the dispute in an amicable manner by non- binding mediation,using a certified mediator or certified mediation service. Failure to resolve the dispute through mediation shall in no way remove the right of either party to pursue any legal action or recourse. C. Individual Liability: UNDER THIS AGREEMENT, AND SUBJECT TO THE REQUIREMENTS OF SECTION 558.0035, FLORIDA STATUTES, WHICH REQUIREMENTS ARE EXPRESSLY INCORPARATED HEREIN, AND INDIVIDUAL EMPLOYEE OR AGENT MAY NOT BE HELD INDIVIDUALLY LIABLE FOR NEGLIGENCE. VI. CONTROLLING LAW: A. This Agreement is to be governed by the laws of the State of Florida without regard to choice of law or conflict of law principles. Ingenium,Inc. 4085 Devereux Chase Roswell,GA 30075 678.315.1751 1611A1 Mr.Norman Day Vinyl Sheet Pile Bulkhead Page 5 of 5 Exhibit"B" On Site Construction Observation(optional') Scope: • Observe and document construction activities during key elements of bulkhead(wall) construction. Observations to be carried out by Carl Hazenberg,P.E.or employee/agent of his choosing. • Notify client(verbally or in writing)in a timely manner of any perceived deficiencies,non- compliance with plans/specs,or other perceived issues. • Review of observations by Carl Hazenberg,P.E. Estimated Price For Construction Observation: 5 site visits at$950/visit=$4,750.00 9 site visits at$950/visit=$8,550.00 1 If assurance that construction of wall is in compliance with plans and specifications, construction observation services will be required. Ingenium,Inc. 4085 Devereux Chase Roswell,GA 30075 678.315.1751 1611A1 General Design&Construction Notes: Material: General Design: 1.)All materials shall be as noted unless local codes provide a stricter guideline i.e.greater strength,durability,etc.It is the contractor's responsibility to understand and comply with these codes. Sheet Pile: 1.)Sheet pile material shall be Everlast ESP 5.5 as provided by Everlast Synthetic Products,LLC. 2.)This design is based on the specific properties of Everlast synthetic sheet piling which are proprietary to Everlast Synthetic Products,LLC 1000 Wyngate Parkway,Suite 100,Woodstock,GA 30189.Any substitution of the specified product will invalidate this design.This drawing is being furnished for use on this specific project only.Any party accepting this document does so in confidence and agrees that it shall not be duplicated whole or in part,nor disclosed to others without the consent of Everlast Synthetic Products,LLC. FRP Wale: 1.)Wale material shall be Everlast 4x6 FRP Tube as provided by Everlast Synthetic Products,LLC. Dimensional Timber&Piles: 1.)All dimensional timber to be SYP No.2 grade or better. 2.)Stagger joints of front and rear timber wales. 3.)All timber to meet or exceed AWPA standards(U050)for preservative treatment as applicable. Steel: 1.)All steel fasteners and tie-rods shall be hot dip galvanized per ASTM A-153 with 2 ounces of zinc per square foot or be stainless steel(grade 304 or 316). 2,)If bolts not stainless steel,exposed regions to be field treated with bitumastic coating. 3.)Washers(ogee,fender or New York dock)shall have a minimum outer diameter of four times the rod/holt diameter.Beveled washers shall be used for tie-rods installed at an incline. Backfill: I.)Backfill material is to be free-draining sand or gravel(SP,SW,GP or GW)per ASTM D-2487 and compacted a minimum of 95%per ASTM 0-698. 2.)If a fine grained,non-cohesive soil(fine sands,"sugar sand",etc.)is to be used a geotextile is to be placed between sheet pile and soil before backfill installation. Geotextile(Required only if using backfill as noted in Backfill note#2): 1.)Geotextile used behind sheet pile shall be Mirafi 140N or equal. (Scale[ NTS ) " Revisions (Dater 3/9/18 TM Preliminary genium, Inc. Project, Not For 4085 Devereux ChaseConstruction Roswell, GA 30075 Preliminary Bulkhead Design I 678.315.1751 Cedar Hammack Golf&Country Club CAM 30632 Naples,FL C Sheet 1 of 7 ) CertiFied only with seal. signature, and dote / j 1611A1 l.)Preliminary design,henceforth called design,is for cast and informational purposes only.Ingenium assumes no design responsibility for this preliminary design.Owoer anchor contractor use of the drawings is at their own risk. 2.)Design was done without benefit of a soils investigation.Ingenium strongly recommends owner commission a soils investigation and confirmation of assumed soil properties by a registered professional geotechnical engineer. 3.)Design is based on soil properties as noted in typical sections. 4.)If actual soil or site conditions differ from that noted in drawings,the engineer shall be notified immediately for a possible redesign. 5.)Design does not consider global(slope)stability.Owner assumes risk for global stability. 6.)Design does not account for presence of underground springs,wells or excessive water from site runoff.If these conditions exist the engineer shall be notified immediately for the need of a redesign. Installation: General Installation: I.)Installation to be conducted according to all applicable OSHA and local codes.It is the contractors responsibility to understand and comply with these cades. Sheet Pile: 1.)Sheet piles shall be vibrated or driven.No jetting of sheet piles will be allowed without written approval from the euginecr. 2.)Sheet pile shall penetrate to depth shown in the plans. 3.)After driving sheet pile and attaching wale,saw piling off at a hue plane indicated on the plans.Final elevations are to be within one(1)inch of established elevation. 4.)Retain walls to be provided at ends of all bulkheads to provide flanking protection. Manta Ray Anchors: I.)All Mant Ray anchors are to be installed and proof loaded according to manufacturers'recommendations to achieve noted design load. 2.)A log of anchor loads shall be kept by contractor on-site.A copy of logs shall he provided to both the engineer of record and the owner. Backfill: 1.)Baclddl is to be installed in level lifts not to exceed 12"and compacted by use of mechanical means to required compaction by material backfill note 1. 2.)No heavy equipment load shall be placed in the active zone between the sheet pile and the deadmen without adequate support. 3.)Assembly and connection of wale,tie-rod and deadman system shall be completed prior to backfilling_ Documentation: I.)Contractor shall provide written documentation after the end of the work day certifying all piles(sheet&timber)have been driven to the required depths.If any piles are unable to be driven to the required depths,contractor shall notify the owner and engineer immediately. (Scaler NTS ) t Revisions /�( (Dater 3/9/18 Pretirtinary rm genium, Inc. project Not for 4085 Devereux Chase Construction Roswell, GA 30075 Preliminary Bulkhead Design 678.315,1751 Cedar Hanunock Golf&Country Club ` J CA#r 30632 Naples,FL ( Sheet 2 of' 6 ) certtfled only with seat, stratum and date • 1611A1 Composite Decking 3 2x6 (TYP) / <TYP) 1 4x6 Tie-Rod Bearing Plate (FRP Tube) ��!�,' or Ogee Washer (6x6) .•�� w/ Nut (TYP) w.:, we l 1.5' 2x6 Binder Board J • (TYP) 4x6 FRP Vale or - •' 5' pi& 6x6 Timber Vale Qtg� 20 <max,) (TYP) Si i Manta Ray MR-I •" Proof Load = 7 kips EverDrain 5' o.c, <TYP) I a5' Above NVL ,v? 5' o.c <TV) ; 1!'0x10' HDGRad I 1 =n=11 5' o.c. (TYP) Compacted Soil Design Parameters' Free-Draining NOTE: a Granular Fill Typical Sand All designs are governed by V =30pcf7 CO of psf general notes (Sheet 1 & 2) Note, If actual site conditionsunless expressly stated on this Tri l ESP 5.5 differ from those stated above, page. Li vinyl Sheet Pile Ingenl a shall be notified 10 Length (TYP) immediately for a possible redesign, Typical Section - Situation A - 5'(riax,) Height - Rock @ 5' Depth ` ` Scale' NTS ) r Revisions ''N C -, 7/ (nate' 3/9/18 ) Preliminary £/genium, Inc." Pra ect Not for 4085 Devereux Chase Construction Roswell, GA 30075 Preliminary Bulkhead Design 678.315.1751 Cedar Hammock Golf&Country Club 1/4., J CA#: 30632 Naples,FL ` J ( Sheet 3 of 7 ) i,.. Certified only with sea', signature, and date I 1 6 1 1 A 1 2x6 (TYP) Composite Decking 4x6 Tie-Rod Bearing Plate (FRP Tube) (TYP) 7 50 psf or Ogee Vasher (6x6) Strarse 1[ .-- 9 w/ Nut (TYP) -".:11 I l .... 1 1,75' . t 2x6 Binder Board ` .1,'`a (TYP) f 4x6 FRP Vale ort -- Nvi 6x6 Timber Vole 4.5„. 20' 1.y..0,‹. ti� ' (TYP) 6.5' Manta Ray MR-1 (max.) Proof Load = 9 kips Everlk'ain ';;' 5' o.c. (TYP) 0.5' Above NVL 4.. ti 5.67' o.c. (TYP) ," \ to x 15' HDG Rod 5.67' o.c, (TYP) i 1 cu,u-.1T"a-u Free-Draining Soil Design Parameters: FranuDraining N. Typical Granular Fill y= Sand 30' 7= 120 pcf NATE y = 60 pcf C = 0 psf Alt designs are governed by t ESP 55 Note IF actual site conditions general notes (Sheet I & 2) Vinyl Sheet Pile differ from those stated above, unless expressly stated on this 12' Length (TYP) Ingenlum shall be notified Page. Immediately for a possible redesign. Typical Section - Situation B - 6,5'(rlax,) Height - Rock @ 4,5' Depth ` ' (Scale' NTS ) r Revisions ��t �, \(Date, 3/9/18 ) Preliminary �'hgenium, Inc. Project: Not For 4085 Devereux Chase Construction Roswell, GA 30075 Preliminary Bulkhead Design 1 678.315.1751 Cedar Hammock Golf et Country Club CA* 30638 [Naples, J FL \,. J Il j ( Sheet 4 of 7 ) Certified only with seal, signature, and date f 1611A1 r Composite Decking 10'8 Butt Thber Pile (TYP) 15' Length 50 psf 7 dlar5.67' o,c, MP) � � .11=11 . �11 _u=. 1 1.5' \ 'k;+ 2x6 Binder Board 'J, I (TYP) Ogee Washer =,4.'I w/ Nut (TYP) i1 5x 15' HDG Rod 6.5' S � 5.6.6 T ac (TYP) Manta Ray MR-1 (max) Proof Load = 9 kips 4x6 FRP Wale or 5' os, (TYP) 6x6 Timber Wale (TYP) Compacted — Free-Draining i EverDrain0Granular Fill .5' Above NWL f 567' ac. (TYP) P Lower Wale To Be Attached i To Face Pile Sal Design Parametersi N. Typical Sand NOTE= p= 30' '= 120 pcf All designs are governed by = 60 pcf C = 0psf ESP 5S N Note' If actual site conditions general notes (Sheet 1 S 2) ---4--m Vinyl Sheet Pile differ from those stated above, unless expressly stated on this 10' Length (TYP) Ingenium shall be notified page, immediately for a possible redesign. Typical Section — Situation C — 6,5'(rlax,) Height — Rock @ 3' Depth (Scale! NTS ) ' Revisions " e a, Z1/4, (Date! 3/9/18 li �, Preliminary genium, Inc. Not for Project= 4085 Devereux Chase Construction Roswell, GA 30075 Preliminary Bulkhead Design 678,315.1751 Cedar Hammock Golf&Country Club ` i CAN: 30632 Naples,FL ( Sheet 5 of 7 ) . Certified only with seal, ` signature, and date f • 1611A1 Composite Decking 10'0 Butt Timber Pile (TIP) 7 15' Length / M psf 5.67' o.c. (TYP) ,1 s" ee I X11►11-11r To", 1 1.5' ` ,a 2x6 Binder Board 3, f — •�Yf, (TYP) j Ogee Washer �ig , PO x 15' HDG Rod Nv_ w/ Nut (TIP) Asa. 5,67' ac. (TIP) 20' 6.S' ..i - '' Manta Ray MR-1 (max) ; Proof Load = 9 kips 4x6 FRP Vale or 5' ac. (TIP) 6x6 Timber Wale '=` { (TYP)- ',,§-: Compacted EverDraln Free-Draining t 4 0.5' Above NWL vfr Granular Fill 5.67' c.c. (TIP) 7 Lower Vale I To Be Attached To Face Pile Soil Design Parameterst R Typical Sand NOTE: 0= 30• 7= 120 pcf psf All designs aregoverned byN = pcf C = 0 ndi g ESP 5.5 Note! If actual site conditions general notes (Sheet 1 I. 2) ' I ( vinyl Sheet Pile differ from those stated above, unless expressly stated on this 1 J 10' Length (TIP) ingenlun shall be notified page. Immediately for a possible redesign, Typical Section - Situation D - 5,4'(nax.) Height - Rock @ 3' Depth ` ` (Scale! NTS ) r Revisions 1 (Date' 3/9/18 L4f � Preliminary igenium, Inc., Pro'ect 1 Not for 4085 Devereux Chase Construction Roswell, GA 30075 I Preliminary Bulkhead Design LI: 678.315.1751 Cedar Hammock Golf&Country Club J L ) CA* 3C63z Naples,FL f ( Sheet 6 of 7 ) Certified only with seat, signature, and date 1611A1 A // \ I/ ) / 0.32 [8.13]----.6.1/ 9.0 [228,60] / -...`` // �/ (1__._. 0.32 C8.13] 11 � I ,// - ' 17.0 [431.80] ESP 5,5 CScatel NTS ) r Revisions t (Date' 3/9/18 TM Preliminary 4genium, Inc. Pro ject Not for 4085 Devereux Chase Construction Roswell, GA 30075 Preliminary Bulkhead Design 678.315.1751 Cedar Hammock Golf&Country Club CA#i 30632 Naples,FL ( Sheet 7 of 7 ) Certified only with seal, ` ` signature, and date 1611A1 k. e[ry{zayy{r 1463 Woodwind Ct. Fort Myers,FL 33919 Tel&Fax(239)265-9592 Email: Roy@bentonandsons.com www.bentonindustries.com Bulkhead Repair Proposal Date: 3/9/12018 Customer: Cedar Hammock Golf&Country Club Atten:Norman Day Tel: (508)726-9353 Job Address:8660 Cedar Hammock Blvd. E-mail:normanday4@verizon.net Naples,FL 34112 Description of Work: 1. Remove and dispose of approximately 1000 LF of existing 2"X 8"PT cap boards as directed. Re-install Customer supplied new 2"X 8"X12' PT cap boards. Contractor to supply HDG 20d nails to fasten new cap boards to the existing top whaler. Price per LF:$15.00 2. Installation of two Contractor supplied%"X 12'HDG Tieback Rods with Manta Ray MR1 HDG Earth Anchors driven into undisturbed soil to replace existing failed cable tiebacks at Hole#4(does not include excavating behind the bulkhead and straightening pile and wall to original plumb position). Price:$1,850.00 3. Option for including excavation behind bulkhead to plumb pile and wall in Item 2. above. Includes backfilling and rough grading. Add$900.00 Total Price for Items 1.&2.= $16,850.00 Total Price with Option 3. _ $17,750.00 Notes/Conditions: Work to be performed during course closing between May 28 through June 6. Customer to provide an adequate 9'wide access to work area at Hole#4 for a 12,000 lb.excavator. Customer to provide adequate space for a 20 CY Dumpster for old cap boards disposal. Not Included is any Restoration Work other than rough grading. Not Included are any Permits/Fees that may be required to perform the work as described. All New Construction to meet current Local Building Codes. Payment Schedule to be set forth at issuance of a contract. 7cgr610‘a.,. Roy L.Benton HI,President Date: Cedar Hammock Golf&Country Club Customer/Owner Acceptance L cense .10**r ;-�4 1611A1 l:,,, 1 ' I , m D , Di „, miy,co g 2 2121g1g1 . ' 2 it 3SININ ft ..., al wit°. I . 0 - - , - - - 4 of Tr of i •_4. ii of .4f ,-.• '0*- ' M 49 6% 149 49 g g 19- 4- 119- 1g g .4 1 .4_ . .. ., .7- I . i . . . . . . , . 0 of l! 1 , 8 ci mi olio .5ui. to- wi .41 .41 .61 ,6 „. . E U giTtilIg g glg- Igig . . t 1 . , , i I -1 F:::,. r , ,:::: t .,,. . A ,...: .:Floilwi R 1: dmdal ,e1Q a , mlio ! m o m o m WINiw ! . , • '1011 M g 19- 2I2 2 i ; 2 2 21414 . ::,,,,,,•',, 4, . .....i. • , _ ,— i •I I- • • ' , , i FT-'44, 1 o 21 ' ,g•t, o tx . .... — -1'.• 4.- i ,v..i S 10i010 M , C\JNNNNNN NINiN To 1,--— (7.7,. 00140140 40 0) 40 40 40140 4014I . 0 • , ' i g . o 1 t ini'l Aft 8 8 21818 m 8 ? R 8121818 4. ,-- .r.- ,A G el . 1q19. cl ,i1 (1. 01.. g.ir.' ,711 o 40 0 04, M ,115 SI8 ' 7. V ;11 TO ,- 12 mi 4. 12r4S 4 3 i SIX '41 ..i , ! . 1W ,.1._ _.1.. , i 13 / I 1 ' • i ' 1 § E tr m ig * 88 ,0888 m 41 i Q ILL1 0 ILI 1 li W149 49 49 49 49 49 49 49 4917 . 1 CI ii 1 ,V.1. ;,:•.*:;i• , CCi CO f - .4 i 4-7-Ai4iiii 1 M. I 1 ! —1- t F E 1 o o ' oi lic "A 1 txklikkiAissislir % 1 c ,.:g;; laligll I131 cv 0 , .1 . 1 i i i N C\I I7 , . . . : : • f 171 g'M „ -I1, i 18 F 5.31 § 4 g 0 2 81Pi81 ;1 ie31 t1:41•';11W1: 1W V 818IMic° a c6 a Rigi0 C4I 04 01 VAV 41. 1- 141 : IM fra- 11 , 14? 1 ;?- le U 4 Xi 140 ; co 1 i i i : c0 fXW 8 : 1 LU 1 S o . . • 81 1 , ; o ! r:- 8 6 2 1 gl ! : , ! C:01 f• •'• 1 T. ci. csi f...-:.,....:.. le oloio olo pie. o ' ololo , 31 igi1 . .1ia. 1.11.1 "- i 0 gglag ; F5Ibj8 = d did do oo oipipiai o3 i NIN1 -69 N 04104 N1N 0J10, 1t1m1 ! 8 = w , .0 ! .0 , v, mita m1 .0. 1 .0144) , 69 m ...,..::.. 11 1 - . •• ! ; ! : wUj S iii 1 ct : 2 : g m v wlmi ,... imi -of - 8 8 818 ' 818i 0 .= SI ...._ cm Ic. lo. IN N N N N1NININ1 2 M MI • I . 1 1 I , .._i. ! 1611A1 Page 1 of 1 Artist .' tructure sIne. 8415 SW Riverside Drive,Arcadia, rida 34269/(863)494-2426/Fax(863)494-27071 articticsiructures(a,msn.com PROPOSAL SUBMITTED TO: JOB DESCRIPTION: Cedar Hammock CDD Cedar Hammock, Bulkhead Repairs Attention Of: Justin Faircloth 8660 Cedar Hammock Blvd Inframark Naples, Fl 34112 5911 Country Lakes Road Fort Myers, FL 33905 Office: 239.245.7118 ext. 306 3-15-2018 Cell: 239.785.0675 We hereby submit specifications and pricing for all labor, equipment and materials to complete the following: 1.)Wall Cap Replacement: Option A—Continuous Repair. • Removal of existing wall cap • Installation of new 2"x 8"S4S#1,.40 CCA attached with 3/8"heavy timber screws $10.75 per LF Option B—Individual Board Repair: • Remove and replace existing wall cap.Installation of new 2"x 8"S4S#1,.40 CCA attached with 3/8"heavy timber screws $59.50 per 5'Board 2.) 35 LF of Wall Repair on#4 Green: • Removal of existing wall verticals and horizontal whalers. • Return existing pilings to plumb position. • Installation of new 2"x 8"RS,.60 CCA verticals. • Installation of new 3"x 8"RS,.60 CCA horizontal whalers • Installation of new 518 x 12'HDG tie rods. • Installation of new 8"x 6',2.50 CCA piling deadman. Cost of Wall Repair.. $9,950.00 Note:Price does not include additional backfill.Backfill to be provided by owner. 3.) Disposal Rates • Disposal shall be charged at actual cost plus 10%.Artistic Structures shall provide owner with all disposal receipts. • Rate-20 Yard Roll-Off,$402.25 Delivery,2-Ton Cap,$60.00 per each addition ton We hereby propose to furnish labor and materials—complete in accordance with the above spedfication.for the sum of:Based on actual field measurements Dollars($ )with payment to be made as follows:Monthly draw based on percentage of completion 30%deposit upon mobilization All material is guaranteed to be as spedfied.All work to be completed in a workmanlike manner according to standard practices.Any alteration or deviation from above specifications involving extra costs,will be executed only upon writes orders,and will become extra charge over and above the estimate.All agreements contingent upon strikes,accidents or delays beyond our control.This proposal subject to acceptance within 30 days and is void thereafter at the option of the undersigned.Owners to carry ire,wind,and other necessary insurance.Our workers are covered by workers'compensation insurance, Authorized Signature. Artistic Structures Inc. ACCEPTANCE OF PROPOSAL: The above process,specifications d con itions are hereby accepted.You are authorized to do the work as specified.Payment shall be made as outlined above, Jai Signature: t. , • Date: 3-16-18 Approval of items #1 & # Lnly. Payments made within 30 days upon invoicing the District. Vendor to supply certificate of insurance listing the CDD as an additional insured. 1611A1 Bridging SolReserve LLC BRIDGING 15863 Secoya Reserve Circle ,i`I!I BRIDGING Naples,FL 34110 MP, SOLUTIONS Tel.(239)216-1370 ralph n%bridging-solutions.com www.bridginb solutions.com CHANGE ORDER FOR SUSPENDED AND SUPPLEMENTAL SERVICES Date: February 19,2018 Change Order#: 3 Consultant: Bridging Solutions, LLC Client:Cedar Hammock CDD 15863 Secoya Reserve Circle c/o. Naples, FL 34119 Inframark 5911 Country Lakes Drive Fort Myers, FL 33905 Project Name and Location: Replacement Design for Miscellaneous Walls, Naples, Florida In accordance with our current agreement dated December 20, 2016 and previous Change Orders, the Agreement changes as detailed below are hereby authorized.This change order suspends the bidding and construction phase services that were included in the original proposal and it supplements the contract to include the final design services for 6 additional concrete block retaining walls. These walls are located on holes 2,8, 13 and near the driving range, putting green and the Davis Boulevard entrance. Suspended Change Order Scope of Services 1. Suspend Task 1.6—Bidding Services and Task 1.7—Construction Phase Services for the walls at holes 16 and 17. Supplemental Change Order Scope of Services: 1. Wall Inspection—Perform a follow up inspection of the 6 additional walls to update our inspection documentation prepared during past inspections. 2. Survey and Mapping—Perform a topographic survey in the vicinity of the walls and prepare mapping in AutoCAD format that extends the full length of wall and 50 feet on each side of the wall. We propose to have the CDD Board hire Banks Engineering for this work. Develop existing ground cross sections using the AutoCAD surface model at 25 foot intervals along the wall. Establish a horizontal control stationed base line on the drawings with ties to field control for use by the contractor during construction. 3. Wall Design and Drawings-Develop 90%complete wall design drawings for the six(6)wall locations using small a segmental block wall system.The design plans will include notes requiring best practices for erosion control. 4. Permitting—Submit the preliminary plans and specifications to Collier County and the South Florida Water Management District and perform coordination related to the requirements for permitting for We design bridges to fit your site and budget. 1611AI imir Bo DG NS the wall replacement. We propose to have the CDD Board hire Banks Engineering for assistance with erosion control design and permitting tasks. Change Order Fee Summary: Original Lump Sum Fee for Tasks 1.1 through 1.7 $33,376 Change Order No. l (Design of timber walls for#16 and#17) 13,123 Change Order No.2(Design of concrete block walls for#4 and#5) 12,000 Suspended Lump Sum Fee for Tasks 1.6& 1.7 (Original contract) -13,264 Supplemental Lump Sum Fee for Tasks 1 —4 (CO No. 3) 16,000 Net Contract Change Amount(CO No. 3) +2,736 Revised Lump Sum Fee Contract Amount $61,235 Payments made in accordance with the original agreement terms. All other items and conditions of the original Agreement shall remain in full force and effect. BRIDGING SOLUTIONS,LLC CEDAR HAMMOCK CDD Per: 7" v1--QU- Per: Name: Ralph Verrastro Name: Title: Principal Title: Date: 2/21/2018 Date: 2 1611A1 E _ i o ' '0 2 3 ,a E4gx0 g 03 $ 8g a . N " n A�y c i j 57$$ a. S a S GG ti `u E G g Q.'-', s C r. Filed g M ' .4 4 4 r ' tmY 'm d 0 &: .1 o .fie 4 JR w�, e` VI n-r u O. 3 %Xo' Y tl g� c .j 2A / �6."Fn z . zs MF Tam 2a 4E -5 8 tc3 , toEEE�gg a t A 4,2 8 %S Z$a X p'1 8 r s iI 21a' _fig ,g, P 94 $ "8 %P° su 73 d V 8 8 § E B 'g d P P A E d " e u ggrr ffi C E m a y _ m m _ t '4 'i ; F 1 o n n 6w 3 a. i £S-. EaE a S '8 $ g' EaE q u�i o 0 S ) o g s U b g 0 0 0 0 o a a b 6 $ 3 C U U U U U U U U V U U 0 U c C.3 C3 f wa $ 0 0 0 » c o o 8 8 n O C m ,6' K Q d. fig v -- C 0 • • • • • • • • • • • 0 • • • • • • • • • 0 0 it, n C? O 8 O 8 N O 8 8 O V 8 U p E. N g '8' ,+ C 8 § C lfn �O in i%1 <O h 4 ,..- ,43g . 4 - 9° - m kr; a r N n 4 U F E 8 _ p O O p pp 8 O Opp OO UU h OO O O p pp O N NV C> o O - O oO N pO n O g ? d f NN N mO - cD N e ' O t 4 O G 11 y a N _ N N a �s al o E $ h wo C w � ° a" x 0 , 4 n m n a .9 '" - n U N 6 v 0 a ti U m .z a 1. ¢ Vl ^n N u W 2 U.. 4 _ _ C '& m .g g Q u c GSA u Z U y y ., .p a- 2. o 44:: C. u �y CO '. V a 9 W O 2 6 C 1N 3 & N i r S 9'.- W 9A r w 33 5 i n a a t. a. a m' $ a° E E _n U a u $ t� o n m U a F. a a S. ' m o o x LI w m ¢ ' v s a- ¢ a 8 t F i 5 % g d F 1 as ao t I f $ m m o1m m' ca 3 m' .t c tWi 3 3 8 ¢° m ei atKm'n'w l 9 . 2 a ,t 2 o r l6IiA1 �) Gordno` PC 3f s ! nna S r five$ Agreement Shaping the Furore Date:March 6,2018 Cardno Project ID:NA CLIENT: Cedar Hammock CDD 5911 Country Lakes Drive Fort Myers,FL 33905 Phone: (239)245-7118 ext 306 Justin Faircloth Email: justin,faircloth@inframark.com CARDNO: Eastern Phone: (239)246-4813 Cardno Contact: Steve Kohlmeier Email: stephan.kohlmeier@cardno.com Project Name/Location: Cedar Hammock Lake Sampling,Naples,FL Fee Type: Lump Sum Fee Retainer: A retainer in the amount of$0 will be paid to Cardno upon contract execution and prior to the start of work.The retained amount will be credited on the final invoice(s)for services contracted under this Agreement. Estimated Budget: $10,070.00 Scope of Services: Cardno will collect samples from 16 lakes(16 total lab samples)for the parameters listed below.Three total depths per lake(48 total TD's)will also be collected to determine water column.A brief letter report with results will be provided,to include graphs and detail. Total Depth PH Temperature DO Salinity Conductivity Chlorophyl A Kjeldahl N Nitrate,Nitrite as N Phosphorus Total Nitrogen Special Conditions: None This Agreement and the attached Terms and Conditions and Scope of Services constitute the complete agreement between Cardno and Client with respect to the scope of services hereunder. Eastern Cedar Hammock CDD it —•�._... Print Name:Steve Kohlmeier Print Name: Title:Water Resource Analyst Title: A3–Cardno Short Form Agreement Page 1 of s Z:Wroiect Files\Clients A-D1Cedar HammockiProposals\Lake Sampling 20161A3-Cardno Shoe Fonn Agreement 2010 Cedar 11•annnock CDD Lake Sampling.docs 2012 V1 1611A1 Cardno Shaping the Future dqnVDVIZV 44S4e;i8WVCiKVVASrtV4*Z,Vt.**t.4rtttnt6W3-Re4reifeSktt'41X7 TERMS AND CONDITIONS Cardno shall perform the services outlined in this Agreement for the stated fee in accordance with these terms and conditions: 1) Access To Site(if applicable):Upon execution of this Agreement,the Client represents that they have secured legal rights to access the property and authorizes Cardno staff to access the site for activities necessary for the performance of the services. 2) Payment:Invoices for Cardno's services shall be submitted on a monthly basis.Invoices shall be payable within thirty(30)days after the invoice date. In the event that the Client disputes any portion of an invoice,client shall notify Cardno of such disputed Items within ten(10)days of invoice date. Retainers/deposits shall be credited on the final invoice.Failure to make any payment when due is a material breach of this Agreement and will entitle Cardno,at its option,to suspend or terminate this Agreement and the provision of the Services.Interest will accrue on accounts overdue by 30 days at the lesser of 1.5 percent per month(18 percent per annum)or the maximum legal rate of interest allowable.In the event any invoice has not been paid in full within ninety(90)days of the Invoice date,Cardno shall have the right to immediately suspend all or any portion of the Services hereunder indefinitely pending payment in full of such invoice(s). 3) Indemnification:Cardno and Client shall indemnify and hold harmless each other from and against damages,liabilities,costs and expenses,including but not limited to reimbursement of reasonable attorney fees arising out of damages or injuries to persons or property to the extent caused by the negligence,gross negligence or willful misconduct by the other party or anyone acting under its direction or control or on its behalf in the course of its performance under this Agreement;provided that each party's aforesaid indemnity agreement shall not be applicable to any liability based upon willful misconduct or negligence of the other party.In no event shall either party be responsible for any form of consequential damages,including,but not limited to loss of sales,loss of profits,and attorney fees thereon.For purposes of this Paragraph,the duty to indemnify does not include the duty to pay for or to provide an up-front defense against unproven claims or allegations.Where any claim results from the joint negligence,gross negligence or willful misconduct by Client and Cardno,the amount of such damage for which Client or Cardno is liable as indemnitor under this Paragraph shall equal (i)the proportionate part that the amount of such claim attributable to such indemnitor's negligence,gross negligence or willful misconduct bears to(ii) the amount of the total claim attributable to the joint negligence,gross negligence or willful misconduct at issue. 4) Limitation of Liabilities:Notwithstanding any other provision in this Agreement,the Client agrees to strictly limit Cardno's liability under this Agreement or arising from the performance or non-performance of the Services under any theory of law,including but not limited to claims for negligence,negligent misrepresentation and breach of contract,to the lesser of the fees paid to Cardno for the Services or$$10,070.00.No claim may be brought against Cardno in contract or tort more than two(2)years after the cause of action arose.Any claim,suit,demand or action brought under this Agreement shall be directed and/or asserted only against Cardno and not against any of Cardno's employees,shareholders,officers or directors. Cardno's liability with respect to any claims arising out of this Agreement shall be limited as provided herein to direct damages arising out of the performance of the Services and Cardno shall not be held responsible or liable whatsoever for any consequential damages,Injury or damage incurred by the actions or inactions of the Client,including but not limited to claims for loss of use,loss of profits and loss of markets. 5) Termination:Subject to Paragraph 2,this Agreement will continue in effect until terminated by either party upon thirty(30)days written notice to the other party.In the event of any termination,Cardno shall be paid for all services rendered and reimbursables Incurred through the date of notice of termination.In the event of termination,the Client shall pay all additional costs reasonably related to termination of the project and a proportionate amount of the consideration hereunder commensurate with the portion of the project accomplished. 6) Force Majeure:Any suspension,temporary or permanent,in the performance of this Agreement caused by any of the following events and without fault or negligence on the part of the defaulting party shall not constitute a breach of contract:labor strikes,riots,war,acts of governmental authorities, unusually severe weather conditions or other natural catastrophic events,or any other similar event beyond the reasonable control or contemplation of either party. 7) Assignment:\either party to this Agreement shall,without the prior written consent,of the other party,which shall not be unreasonably withheld, assign the benefit or in any way transfer any claim or obligation under this Agreement or any part hereof.This Agreement shall inure to the benefit of and be binding upon the parties hereto,and except as otherwise provided herein,upon their executors,administrators,successors,and assigns. 8) Ownership of Documents:All report documents produced by Cardno under this Agreement shall be made available to the Client upon receipt of full payment for services rendered.Cardno shall retain ownership of all field notes,computer files and project files used to produce the work products and may make copies of all work products. 9) Governing Law:The validity of this Agreement and any of its terms or provisions,as well as the rights and duties of the parties hereunder,shall be interpreted and governed by the laws of the State of Florida. 10) Legal Construction:In case any one or more of the provisions contained in this Agreement shall for any reason be held to be invalid or unenforceable in any respect,such invalidity or unenforceability shall not affect any other provision hereof.This Agreement shall be construed as if such invalid or unenforceable provision had never been contained herein. 11) Notices:Any notices or written statements hereunder shall be deemed to have been given when mailed by certified or registered mail or via email, with receipt of reply,to the party entitled thereto at its address noted at the top of this Agreement or at such other latest address as it may designate in writing to the other party for this purpose. 12) Entire Agreement:This Agreement supersedes any and all other agreements,either oral or In writing,between the parties relating to the subject matter of this Agreement and is the entire understanding and agreement related thereto.This Agreement may be amended by mutual consent of the parties in writing to be attached hereto and incorporated herein,executed by Cardno's and the Client's respective representatives. 13) Non-Solicitation:Neither party shall knowingly solicit,recruit,hire or otherwise employ or retain the employees of the other working under this Agreement during the term of this Agreement and for one(1)year following the termination or expiration of this Agreement without the prior written consent of the other party. 14) Waiver:Failure by one party to notify the other party of a breach of any provision of this Agreement shall not constitute a waiver of any continuing breach.Failure by one party to enforce any of its rights under this Agreement shall not constitute a waiver of those rights.The waiver by either party of a breach or violation of any provision of this Agreement shall not operate as,or be construed to be,a waiver of any subsequent breach of the same or any other provision hereof. A3-Cardno Short Form Agreement Page 2 of.1 Z'Project FilesmienlsA-D1Cedar HammockNmpmakiLake Sampping 20181P,3-Carero Sport Form Agreement 2018 Cedar Hamma:k CDD Lake Sampling dau 2012 V1 1611A1 @LI )Th AGREEMENT FOR PROFESSIONAL SERVICES BETWEEN CPH,INC. AND CEDAR HAMMOCK CDD FOR CEDAR HAMMOCK CDD WATER QUALITY MONITORING EVENTS COLLIER COUNTY, FLORIDA MARCH 7,2018 CPH, Inc., Environmental Services (CPH) has prepared a proposal of services and fees to provide certain environmental consultant services for the above referenced project. CPH, Inc.hereinafter known as CPH or CONSULTANT proposes to furnish Cedar Hammock CCD hereinafter known as the Client,the professional services described below for the fees stipulated herein. PROJECT DESCRIPTION CPH, Inc. has been requested to perform one (1) monitoring event to collect water quality data within approximately 16 lakeslstormwater management ponds with the community development district boundary. The one (1) monitoring event shall occur in April 2018. A report of results shall be prepared summarizing the monitoring event for a total of 1 report and the report will provided to the Client. As directed by the Client the lake monitoring shall include grab samples as specified in the scope below for each of the 16 lakes. SCOPE OF SERVICES 1.0 BASIC SERVICES CPH shall provide, or obtain from others, all labor, material and equipment to perform the following services: ENV-1 Water Quality Sampling Event&Report CPH shall sample for one(1)event within 16 lakes within the development boundaries. CPH shall collect one (1) sample for each parameter to include salinity, conductivity, temperature, dissolved oxygen, pH, chlorophyll a, Total Nitrogen (Kjeldahl N, Nitrate, Nitrite as N) and Total Phosphorus within the 16 lakes.The sample depth shall be recorded ➢ CPH shall coordinate with the analytical laboratory to obtain sampling materials for grab sample collection as needed. Once samples area collected CPH shall deliver samples to the laboratory for analysis. ➢ Water Quality sampling shall be located within the deep part of the lake within the photic zone.The sampling event shall occur in April 2018. CPH anticipates the monitoring event will take two (2) days. 1 1611A1 Cedar Hammock CDD-Water Quality Sampling Event&Report March 7,2018 Page 2 of 4 ➢ During water quality sampling, CPH scientists shall photograph lakes, document the aquatic vegetation observed and additional observations that may effecting water quality. These observations shall also be recorded and photographed as deemed necessary. ➢ CPH shall report any issues observed during the sampling events to the Client via email. ➢ CPH shall report the monitoring event results to the Client within three (3) weeks of receipt of the laboratory sampling results.A location map of the sampling areas shall also be provided in the final report. ➢ FDEP Standard Operating Procedures (SOP)shall be followed with all sample collection, handling and laboratory analysis. ➢ CPH personnel shall attend one(1)meeting with the client ENV-2 Additional Services Provide other professional and technical services not specifically identified in Section ENV-1 above. 2.0 COST AND COMPENSATION 2.1 Basic Services Services under Basic Services, Task ENV-1 above shall be provided as a Fixed Fee of$11,500 for one(1) sampling event to monitor approximately 16 water bodies including report preparation, This cost shall not be exceeded without Client authorization. Invoices for Basic Services will be submitted monthly based on percent complete. 2.2 Additional Services Invoices for Additional Services will be provided on an hourly plus expense reimbursement basis. Invoices for Additional Services will be submitted monthly. 3.0 RESPONSIBILITIES OF OTHERS 'v The Client shall guarantee access to and make provisions for CPH to enter public or private lands as required by CPH to perform their work under this Agreement. ➢ It is understood that CPH, Inc. will perform services under the sole direction of the Client or his designated representative. In the performance of these services, CPH will coordinate its efforts with those of other project team members and consultants as required. The Client shall provide CPH with all project related information available including the existing land plan, property legal description, title work, boundary and topographic surveys, geotechnical investigation reports, etc. CPH will rely upon the accuracy and completeness of all Client furnished information in connection with the performance of services under this agreement. 1611A1 Cedar Hammock COD-Water Quality Sampling Event&Report March 7,2018 Page 3 of 4 4.0 SERVICES NOT INCLUDED The following services are not anticipated and,therefore, not included in this Agreement at this time: > Environmental studies and coordination of environmental issues with the regulatory agencies. > Wetlands Permitting > Specific Wildlife Assessments, Studies,Agency Coordination and Permitting > Review of an alternative product in lieu of the product called for on the plans and specifications > Services resulting from changes made by client following the completion of specific project tasks that require re-work by CPH > Special meetings with agencies, other consultants or Client not normally required to perform the work described in the Scope of Services, except those meetings specifically identified in the above Scope of Work ➢ Phase II and remediation ➢ Any other issues not specifically described in this proposal Should work be required in any of these areas, or areas not previously described, CPH will prepare a proposal or amendment, at the CLIENT's request, that contains the Scope of Services, fee, and schedule required to complete the additional work item. 5.0 AUTHORIZATION Should the agreement be acceptable, please sign, retain a copy for your records, and return a copy to CPH as our notice to proceed. We look forward to working with you on this endeavor. Should you have any questions,please call me at(407)399-0840. CPH, INC AUTHORIZATION By: [1142 Amy E. Daly, LE D A Title: Vice President/Director of Environmental Services Date: March 7 201 CLIENT AUTHORIZATION CEDAR HAMMOCK CDD agrees with the Scope of Services, Compensation, and Standard Provisions Exhibit A (attached hereto and acknowledged as being received). Together they constitute the entire Agreement between CPH,INC.and CEDAR HAMMOCK CDD. 1611A Cedar Hammock CDD-Water Quality Sampling Event&Report March 7,2018 Page 4 of 4 The fees for Basic Services proposed herein are estimated at$11,500.00. It is understood that fees for the subject project, including but not limited to, application fees, impact fees, utility connection fees, review fees, etc.,will be paid directly by the CLIENT. Payment for services rendered will be due within forty-five(45)days of invoicing. Should the CLIENT choose to not complete the project at any phase of the project, CPH will be due any fees for services up to the time the CLIENT informs CPH in writing to stop work. Payment for services up to the time of the CLIENT'S notice will be due within thirty (30) days of the final invoice. Invoice payments must be kept current for services to continue. CPH reserves the right to terminate or suspend work when invoices become ninety(90)days past due. In event that the work is suspended or terminated as a result of non-payment, CLIENT agrees that CPH will not be responsible for CLIENT'S failure to meet project deadlines imposed by governments, lenders, or other third parties. Neither is CPH responsible for other adverse consequences as a result of termination or suspension of work for nonpayment of the invoices. This proposal is void if not executed and returned to the CONSULTANT within 60 days of the CONSULTANTS execution of the proposal. By: CEDAR HAMMOCK CDD Print Name: Title: Date: 16 % 11 EXHIBIT A Standard Provisions to Agreement Agreement between Cedar Hammock CDD. (hereinafter referred to as "OWNER/CLIENT") and CPH, Inc. (hereinafter referred to as "CPH") for professional services which may include engineering, surveying, architecture, landscape architecture, environmental, forestry, planning, transportation/traffic, etc. date March 7, 2018. Standard of Care CPH will endeavor to provide services in a manner consistent with the level of care and skill ordinarily exercised by other professionals under similar circumstances practicing in the same or similar locality. The standard of care shall be exclusively judged at the time services are rendered and not according to later standards. CPH makes no express or implied warranty with regard to its services. Compensation.Out of Pocket and Subcontract Expenses "Compensation" as used in the Agreement includes those costs which are connected with the conditions of employment and pay of the employees and include salaries of those employees directly engaged in the performance of the requested services and employer contributions for social security, workers compensation, unemployment and payroll taxes, medical and insurance benefits, retirement benefits, holiday and sick leave pay and other allowed benefits. "Out of Pocket Expenses"as used in the Agreement include such items as travel and subsistence. printing and reproduction, telephone/communications charges, freight, postage, computer and similar costs. "Subcontract Expenses" as used in this Agreement include subcontracts for special consultants such as licensed land surveyors, soils borings and geotechnical and geohydrological services, laboratory services,environmental scientist services and other professional scientific or technical service organizations. Invoice payments are due upon receipt of the invoice and must be kept current for services to continue. Payment should be mailed to CPH, Inc. at 500 West Fulton Street, Sanford, FL 32771. If the OWNER/CLIENT fails to pay any invoice due within 45 days of the date of the invoice, CPH may, without waiving any other claim or right against OWNER/CLIENT, suspend services under this agreement until CPH has been paid in full all amounts due CPH and/or any of its consultants and subconsultants. OWNER/CLIENT shall pay CPH interest at 12% per annum on all invoices that remain unpaid for more than 45 days. Additional Services "Additional Services"of CPH are services which are not considered normal or customary basic services, except to the extent provided in the basic Agreement, and may include such items as preparation of grant or funding applications and supporting documents; additional services or costs resulting from significant changes in the scope or extent of the project or its design or project delays; providing renderings or models for the OWNER/CLIENT's use; preparing documents for alternate bids; furnishing the services of special consultants; resident project representation or resident inspection; services resulting from the award of additional separate contracts; special field surveys; reproducible Record Drawings or original Drawings; providing"as-built"drawings; additional services during construction; serving as a consultant or witness for the OWNER/CLIENT during any litigation, public hearing, etc.; and services normally furnished by the OWNER/CLIENT; or other services not otherwise specifically provided for in the Agreement. Additional services are not included in the basic payment provisions of the Agreement except to the extent specifically provided herein. Opinions of Cost Since CPH has no control over the cost of labor, materials,equipment or services furnished by others, or over the CONTRACTOR(s)' methods of determining prices, or over competitive bidding or market conditions, our opinions of probable project cost and construction cost are made on the basis of our experience and qualifications and represent our best judgment as an experienced and qualified professional, familiar with the construction industry; Exhibit A Page 1 of 5 CPH,Inc.-FL Rev 6/2013 Owner/Client Initials CPH is an Equal Opportunity/Affirmative Action Employer 1611A1 but CPH cannot and does not guarantee that proposals, bids, or actual project costs or construction costs will not vary from opinions of probable cost prepared by us. Use of Documents All documents including Drawings and Specifications prepared by CPH pursuant to this Agreement belong to CPH and are instruments of our service in respect to the project. They are not intended or represented to be suitable for reuse by the OWNER/CLIENT on another project or any extension of this project, or for use by others on this project, any extension, or any other project. Rights to use of the documents by Owner/Client shall terminate in the event that Owner/Client fails to pay invoices as outlined herein. Underground Utilities and Structures The locations of all existing utilities shown on the drawings prepared by CPH will be based on surveys of at-grade or above grade physical culture (such as valve boxes, hydrants, utility poles, permanent markers) and surveying to pick up temporary utility locate markings provided by the utility. CPH assumes no responsibility for the accuracy of utilities shown by temporary markings provided by the utility or the locations of utilities based on other non-physical features (such as plans prepared by others including mark-ups of locations provided by the utility). The below grade vertical and horizontal locations of utilities will not be required to be surveyed by CPH, and consequently, CPH assumes no responsibility for the location of below grade utilities. The OWNER/CLIENT agrees to release CPH from any liability to OWNER/CLIENT for the failure to locate any existing utility where its physical location could not have reasonably been known based on the above. Termination The obligation to provide further services under this Agreement, may be terminated by either party upon fifteen (15) days' written notice in the event of substantial failure by the other party to perform in accordance with the terms of the Agreement through no fault of the terminating party. If the Agreement is terminated during prosecution of the services and prior to the completion of services, CPH shall be compensated by the OWNER/CLIENT for all services performed under this Agreement to the date of termination. In addition, CPH will be paid for all reasonable expenses resulting from such termination. Construction Administration Where construction administration is provided as a part of the basic services as outlined in the Agreement, CPH shall not be required to make exhaustive or continuous on-site inspections, but shall make periodic observations as may be outlined in more detail in the basic Agreement. CPH shall not be responsible for the means, methods, techniques, procedures of construction, or schedules selected by the CONTRACTOR or the safety precautions and programs incident to the work of the CONTRACTOR. CPH will periodically visit the site at intervals outlined in the Agreement to become generally familiar with the progress of the work to keep the Owner advised of the work. CPH will observe the work of the CONTRACTOR to endeavor to determine if the work is in general conformance with the project documents. CPH shall not be responsible for the failure of the CONTRACTOR to perform the construction work in accordance with the Documents. CPH shall provide the OWNER/CLIENT with written notice of any uncorrected defects or deficiencies coming to its attention in the course of the periodic visits above-mentioned. During such visits and on the basis of its on-site observations, CPH may recommend to the OWNER that the CONTRACTOR's work be disapproved or rejected as failing to conform to the Documents. CPH shall not have the right or duty to stop the CONTRACTOR's work. Professional Services Provided by Others Surveying, soils, planning, architecture, landscape architecture, legal, accounting, construction inspection and other services may be provided by the OWNER/CLIENT or others on this project and the results furnished to CPH. It is agreed that CPH may rely upon the results of those services by others in performing its work without verification of same_ CPH assumes no responsibility for the accuracy or technical adequacy of such professional services provided by others. Exhibit A Page 2 of 5 CPH,Inc.-FL Rev 6/2013 Owner/Client Initials CPH is an Equal Opportunity/Affirmative Action Employer 161 IA1 CPH's Approval for Payment Approval of a CONTRACTOR's application for payment is an expression of opinion by CPH and shall at no time be considered as legal obligation on the part of CPH. Neither shall same be considered as an acceptance of any work or materials furnished. CPH's approval for payment is an expression of opinion by CPH that to the best of our knowledge, information and belief, the quality of the work included for payment is in general accordance with the Contract Documents (subject to an evaluation of the work as a functioning improvement upon substantial completion and to the results of any subsequent tests or inspection made). By approving an application for payment, CPH will not be deemed to have represented that we have made any examination of how or for what purpose any CONTRACTOR has used the money paid on any of the CONTRACTOR's work or that title to any of the CONTRACTOR's work, materials or equipment has passed to the OWNER/CLIENT, free and clear of any liens, claims, security interests or encumbrances. Checking of Shop Drawings Checking of shop drawings is only for general conformance with the design concept of the project and general compliance with the information given in the Contract Documents. Any action shown is subject to the requirements of the Plans and Specifications. It is the CONTRACTOR's responsibility and not that of the CPH,for dimensions which shall be confirmed and correlated at the job site; fabrication processes and techniques of construction; coordination of his work with that of all other trades and the satisfactory performance of his work. Pre-existing Contaminants CPH shall not be considered a generator, transporter, or disposer of materials affected by regulated contaminants. Because involvement with OWNER/CLIENT's contaminated substances can expose CPH to severe risks, OWNER/CLIENT shall, to the fullest extent permitted by law, waive any claim against CPH, and indemnify, defend, and hold CPH harmless from any claim or liability for injury or loss allegedly arising from CPH's involvement with OWNER/CLIENT's contaminated substances. OWNER/CLIENT shall also compensate CPH for any time spent or expense incurred by CPH in defense of any such claim. Such compensation shall be based on CPH's prevailing fee schedule and expense reimbursement policy. Site Safety Responsibilities CPH's site responsibilities are limited solely to the activities of CPH and CPH's employees on the site. These responsibilities shall not be inferred by any party to mean that CPH has responsibility for site safety for any reason. Safety in, on, or about the site is the sole and exclusive responsibility of the Contractor alone. The Contractor's methods of work performance, superintendence of the contractor's employees and subcontractors, and sequencing of construction are also the sole and exclusive responsibility of the Contractor alone. OWNER/CLIENT warrants that:1) these responsibilities will be made clear in OWNER/CLIENT's agreement with the Contractor; 2) OWNER/CLIENT's agreement with the Contractor shall require the Contractor, to the extent of Contractor's negligence, to indemnify, defend, and hold OWNER/CLIENT and CPH harmless up to a limit of $1,000,000 from any fine, penalty, claim, or liability for injury or loss arising from OWNER/CLIENT'S or CPH's alleged failure to exercise site safety responsibility;and 3)OWNER/CLIENT's agreement with the Contractor shall require the Contractor to make OWNER/CLIENT and CPH additional insureds under the Contractor's general liability insurance policy, which insurance protection shall be primary protection for OWNER/CLIENT and CPH, and shall hold OWNER/CLIENT and CPH harmless from claims, losses, and defense cost arising from the negligence of contractor or subcontractor on any tier up to a limit of $1,000,000. Given the foregoing, OWNER/CLIENT also shall, to the fullest extent permitted by law, waive any claim against CPH, and indemnify, defend, and hold CPH harmless up to a limit of$1,000,000 from any claim or liability for injury or loss arising from CPH's alleged failure to exercise site safety responsibility. OWNER/CLIENT also shall compensate CPH for any time spent and attorney fees and expenses incurred by CPH in defense of any such claim. Such compensation shall be based upon CPH's prevailing fee schedule and expense reimbursement policy. (The term "any claim" above referenced shall include, but not limited to, any claim for breach of contract, tort, or statute alleging negligence, errors, omissions, strict liability, statutory liability, breach of warranty, negligent misrepresentation, or other acts giving rise to liability.) Exhibit A Page 3 of 5 CPH,Inc.-FL Rev 6/2013 Owner/Client Initials CPH is an Equal Opportunity/Affirmative Action Employer 1611A1 Governing Law,Venue,Jurisdiction This instrument is to be interpreted and construed according to the laws of the State of Florida. It is agreed between the parties to this contract that any litigation, lawsuit or court action of any character arising from this agreement shall be filed and/or defended in Seminole County, Florida. All parties under this contract hereby voluntarily submit to the exclusive jurisdiction of the Florida Courts and the exclusive venue in Seminole County, Florida and do hereby waive any objections to either personal or subject matter jurisdiction of the Florida Courts or to said venue. Attorney Fees and Costs In connection with any dispute arising out of this Contract, each party shall be responsible for their own attorneys fees and costs incurred for services rendered in connection with such dispute, including appellate proceedings and post judgment proceedings. Waiver of Consequential Damages OWNER/CLIENT and CPH mutually agree to waive all claims for consequential damages against each other an each other's respective officers, directors, and employees from any and all claims arising out of the project, including, but not limited to, loss of use, lost profits, and delay damages, against each other, arising from disputes,claims, or other matters relating to this Agreement. Delay In Performance Neither the OWNER/CLIENT nor CPH shall be considered in default of this Agreement for delays in performance caused by circumstances beyond the reasonable control of the nonperforming party. Such circumstances shall include, but are not limited to, abnormal weather conditions, floods, earthquakes, fire, epidemics; war, riots, and other civil disturbances; strikes, lockouts, work slowdowns, and other labor disturbances; sabotage; judicial restraint; and delay in or inability to procure permits, licenses, and authorizations from any local, state or federal agency; for any supplies, materials, accesses, or services required to be provided by either the OWNER/CLIENT or CPH under this Agreement. A reasonable extension of time for delay in performance caused by any such circumstances shall be granted. Should such circumstances occur the non-performing party shall within a reasonable time of being prevented from performing give written notice to the other party describing the circumstances preventing continued performance and efforts being made to resume performance under this Agreement. Project Development,Approvals and Scheduling CPH will, in the course of its work, attempt to generally identify issues that would adversely affect the development of the site for use as proposed by the Owner/Developer. However, CPH cannot control the regulatory process, actions of others, or unforeseen conditions and does not guarantee that the project can be developed for use as proposed, nor does CPH guarantee the timing of or ultimate regulatory approval of the site for development as proposed. The local, state, and federal entities and authorities("Authorities") having jurisdiction over the project may or may not approve the proposed use of the project. Additionally, it is uncertain how long those Authorities will take to consider and to take action on the applications for the proposed use of the project. Said decisions and approvals are subject to the decision making process of those Authorities. Therefore, CPH cannot represent or guarantee that said Authorities will approve, in whole or in part, the requested use of the project or that the decision making process will be timely for the project's use, or that the Authorities will grant variances applicable to the project. Therefore, the OWNER/CLIENT bears the risk of non-approval of the proposed use and the timing thereof. The OWNER/CLIENT needs to consider the ramifications to it if the project is not approved or only approved in part. Exhibit A Page 4 of 5 CPH.Inc-FL Rev 6/2013 Owner/Client Initials CPH is an Equal Opportunity/Affirmative Action Employer 1611A1 Limitation of Liability: Site Check Studies OWNER/CLIENT acknowledges that CPH's Site Check Studies pursuant to this Agreement are general in nature and are performed before design is started or completed. OWNER/CLIENT acknowledges the recommendation of CPH that the OWNER/CLIENT should not close on the subject property unless and until all applicable agency approvals are obtained and the permitting process is completed. If OWNER/CLIENT elects to close on the subject property prior to that time, OWNER/CLIENT accepts all risks and liability arising from closing prior to obtaining all applicable agency approvals and completion of the permitting process and releases CPH and CPH's officers,directors,and employees from all claims thereof. In order to allocate the relative risks and benefits of the project between the parties, the OWNER/CLIENT agrees to limit the liability of CPH and CPH's officers, directors, and employees for any and all claims arising from CPH's or CPH's officers', directors', and employees' professional acts, negligence, errors, omissions, breach of this contract, or indemnity relating to CPH's Site Check Studies under this contract such that the total aggregate liability of CPH and CPH's officers, directors, and employees to the OWNER/CLIENT shall not exceed the fee for the Site Check Study paid by OWNER/CLIENT to CPH under this Agreement or$10,000,whichever is greater. Design And Other Professional Services OWNER/CLIENT acknowledges that CPH's services pursuant to this Agreement are to assist the client and are for the scope of services as outlined in the attached contract. In order to allocate the relative risks and benefits of the project between the parties, the OWNER/CLIENT agrees to limit the liability of CPH and CPH's officers, directors, and employees for any and all claims arising from CPH's or CPH's officers', directors', and employees' professional acts, negligence, errors, omissions, breach of this contract, or indemnity, such that the total aggregate liability of CPH and CPH's officers, directors, and employees to the OWNER/CLIENT shall not exceed the fee paid by OWNER/CLIENT to CPH under this Agreement or$50,000,whichever is greater. PURSUANT TO FLORIDA STATUTE 558.0035, DESIGN PROFESSIONALS; CONTRACTUAL LIMITATION ON LIABILITY - AN INDIVIDUAL EMPLOYEE OR AGENT MAY NOT BE HELD INDIVIDUALLY LIABLE FOR NEGLIGENCE Construction Defects on Florida Projects ANY CLAIMS FOR CONSTRUCTION DEFECTS ARE SUBJECT TO THE NOTICE AND CURE PROVISIONS OF CHAPTER 558, FLORIDA STATUTES Exhibit A Page 5 of 5 CPH,Inc.-FL Rev 6/2013 Owner/Client Initials CPH is an Equal Opportunity/Affirmative Action Employer 1AI. - LEGEND: U-MW-X =UPLAND MONITOR WELL /' • W-MW-X =WETLAND MONITOR WELL I I / I / / W-X =WELL =DRAINAGE INTERCONNECT PIPE 11 XIJU-M-144'*1:t: I / LAKE,1 I / 1b / W-1 4" / (EXIST) C-2 7 N / o I 1 W-2 ‘'� I / ♦ IWMW-2 t//fo3TEXIsT) cor / , us. , la\ II vim air C...) lin' lowi Emil SIT, / // 0 i-m m 1.11."al -I'^ w lIP a ilux,.:4> ... .,,, ,.%.. „irr, ._—_, W-g :1":,+: NI U T �, / U-M 'r sO 11N 3o q).... .1 =1 (NOT EXIST) �� W 51 i atai�)�.1,71!.;t ��° • te „21 F�O ,O i , MW `//`40 i � �L. A NUiI fl� ItAK �� i QIUI . ' ' ``! / elC�1 /�� EXO(5) y� � (NOI EkIS7) �1 a I �� ,� ;wI LL R HAMMOCK CIR C9 35 \ , INTI o�-- . ‘,1,1..,,-RIFIRLIPM `t!E.D.,:7,,,':'' ri-•-VeL-/ __a- u-.1 -'1,, _tf-,.. - I Ill u II BAN KS e5r, WELL MAP v%MLE CYPRE56 RMI(N6V CEDAR HAMMOCK � fgtr MTERS,RIARIW,5.1999 PNENE: 9]9-S5i5 ENGINEERING '" COLLIER COUNTY,FLORIDA SURVEY LK[NSE/CB 9699 DATE PROJECT DRAWING DESIGN DRAWN CHECKED SCALE SHEET Profwianal er ny on,SfoIe n,&Lond$urreyon Ser•,ny The Sane Of Florida 2/56/2012 1263 _WELL SDJ SDJ SWM N.T.S. i 6 ‘ � p1 6 v. i p W (� Z 1 = CM a (� u Y < O p -\ li W ,. Q n d' • V U O Nd' g SDsR i._ NhV4 ��++ OWi e i, V Y �c...„...,430 Wfik d'„ mzW Na � gw'41i* ‘,.0. 44-1,‘_..4.,., ./::, 114 c'1pp 1,6 Y� W f�V � �V 01 W ZabDJg .l L V 'ilt,,,,,,,,,o,.....„,,, p., t. IP /... 11K Ill $ w 1" W i it ppp It it y� w J J yr til 03 1 1111% li It mo -Z ,-. I itAk . et o CY. Z d A'2 o m till vt „........„ U mo $ az ns a ¢i. tn 0 1 J t U cc z (.7 �GV', W 000010 U /1 J p Y a OU m U '_ 1 illS. E � .. w 111110 i‘ „It 1Z UZpN yN W.d ig* lHMV 16tIA ! 1 u i 1 `sj g so H A t98 ii" 4 � o OP 7 L as 0 V �s a 2 t $ t Ili I E $ � . g " FIJI! I PIP . dg 3Y At^, ry i3t la gi: it %Igi a4 : # 0 OW Itt2 NES t ,131W tq 0110 ag ili III g iii IP h it t _ _ -h _Nn _ ... . neni He ee 3 N NN NN 7 HyH 'i '� ` 1611A1 • lir7 d p. lit ' N NWI 111, II I AT Iit 1 —11iiiii iiE !ROL IS % s I11 I , w u. q s 11 -ell 111 .: 1, OCom a :kJ up x �a 3ZA $6 ME Alai i7.i. RI Q I FEa a gal ^ �_ ,N - I ' ' _ iS BM's-ol-eum.O- h 100-Ol-M0.0-.01 Vo 10 i I 16t1AI MINUTES OF MEETING CEDAR HAMMOCK COMMUNITY DEVELOPMENT DISTRICT The regular meeting of the Board of Supervisors of the Cedar Hammock Community Development District was held on Monday, March 12, 2018 at 3:00 PM at Cedar Hammock Clubhouse, 8660 Cedar Hammock Boulevard,Naples,Florida. Present and constituting a quorum were: Thomas Cook Chairman Gary McClellan Vice Chairman Norman Day Assistant Secretary Quentin Greeley Assistant Secretary Also present were: Justin Faircloth District Manager Sam Marshall District Engineer Ralph Verrastro Bridging Solutions Torn Read Cedar Hammock Golf&Country Club Residents The following is a summary of the discussions and actions taken at the March 12, 2018 Cedar Hammock Board of Supervisors meeting. FIRST ORDER OF BUSINESS Roll Call Mr.Cook called the meeting to order and Mr.Faircloth called the roll. SECOND ORDER OF BUSINESS Approval of Agenda o Mr. Faircloth added under Old Business, Consideration of Resolution 2018-05, setting the budget public hearing. On MOTION by Mr. Greeley seconded by Mr. McClellan with all in favor the amended agenda was approved. THIRD ORDER OF BUSINESS Audience Comments o John Kawa thanked the CDD Board for getting the information out about the meeting and supporting documents. FOURTH ORDER OF BUSINESS Acceptance of Resignation o Mr. Cook noted since the prior Board meeting, Mr. Minamyer resigned from the Board of Supervisors and sent a letter of resignation. 1 1611A1 March 12,2018 Cedar Hammock CDD Mr. McClellan MOVED to accept Mr. Minamyer's letter of resignation and Mr.Greeley seconded the motion. o Mr.Minamyer was thanked for his time on the Board and for all his efforts. On VOICE vote with all in favor the prior motion passed. FIFTH ORDER OF BUSINESS Presentation by Vinyl Bulkhead Company and Norman Day A. Hole#16 Probing Results o Mr. Steve Culp of Everlast Walls, a partner with Everlast Synthetic Products, introduced himself and gave a presentation on vinyl wall products. o Mr. Culp spoke about Mr. Carl Hazenberg, Engineer, designs for the Navy, cities, for governmental agencies;he is licensed in 14 states. Let the record reflect, Mr. Culp left the meeting. SIXTH ORDER OF BUSINESS Old Business A. Bridges Report o Mr. Cook noted at the last meeting Mr. Ralph Verrastro of Bridging Solutions, submitted a report which included some safety items which we felt needed to have done as soon as possible. Then we will talk about other work that had to be done within one to two years. o Mr.Verrastro provided plans on replacing all deck boards,including specifications of all the materials. o He noted the bridges here are only good for 2 tons. The standard design are usually 5 tons, but these are only good for 2 tons. He recommends replacement of the bridges. o If we pull all decking off and all rails off,we should put in all new stringers. o The bridges are salvageable for ten years. If we rebuild the bridges with new stringers and decking now,we would get 20 years out of them. o Target date for completion would be 2028. o Mr. Faircloth noted before we give Mr. Verrastro directions,because we are paying him one time for this, and if we have to come back and do something again,there will be another fee for that. Right now, we paid for him to design plans and he has 90%plans designed. The next portion of that plan, is for him to provide specifications and do bidding. If we are planning to change anything,now would be the time to discuss that. Once we get bids now and the bids come back,we will act on those bids. o It will be one bid with two options. 2 1611A1 March 12,2018 Cedar Hammock CDD o Mr. Faircloth clarified that Mr. Verrastro will go back with the plans he has and get bids for repairing all the bridges and the decking at 40% of the stringers and then also alternative price of 100%of the stringers,utilizing the ice and water shield as well as another design and specification. You anticipate bringing this back at the April meeting. o Mr.Verrastro noted we usually give the contractor three weeks. o Mr.Verrastro noted Mr. Todd Legan has worked with Travis Pritchard of Artistic Structures before on bridges at another property. He would like to make sure they are included in the process. o In the summer of next year,there will be a six-week shutdown. Maybe the bridge work can be performed during that shutdown. It starts June 1 t through July 15t of 2019. If necessary, because of rains,the date could be moved to May of 2019. o The Board decided they want to get the bids in time for the May 21st meeting. Immediate Safety Repairs ii. Other Repairs Required Not Applicble. Let the record reflect, the Board took a five-minute break The meeting reconvened. Let the record reflect,Mr.Marshall and Mr. Verrastro left the meeting. B. Review of Proposed Budget for Fiscal Year 2019 o Mr. Cook stated this budget is holding the non-ad valorem assessment at the current level at $475. o Discussion ensued regarding the process of either leaving the assessments the same or increasing the assessment. o Mr.Day stated the District has major expenses coming up and suggested having an increase. o Further discussion ensued regarding the budget as it relates to the projects that needs to be done within the community. o Mr. Faircloth informed the Board by June 15, 2018 the budget must be submitted to the County and by September 15,2018 a final budget must be adopted. o Discussion ensued regarding the process for the assessment increase. o Currently, the Board felt they do not have enough information to make a reasonable judgement about increasing assessments at this moment in time. o The Board has to be prepared to have a final budget in May. 3 l611A1 March 12,2018 Cedar Hammock CDD o Discussion ensued regarding the bulkheads. On MOTION by Mr. Greeley seconded by Mr.McClellan with Mr.Greeley, Mr. McClellan and Mr. Cook voting aye and Mr. Day voting nay, the proposed budget for Fiscal Year 2019 was accepted as presented. C. Consideration of Resolution 2018-05 Setting the Budget Public Hearing Or. MOTION by Mr. Greeley seconded by Mr. McClellan with all in favoril Resolution 2018-05 approving the Budget for Fiscal Year 2019 and setting the setting the public hearing was adopted. SEVENTH ORDER OF BUSINESS New Business A. Consideration of Resolution 2018-03 Confirming the District's Use of the Collier County Supervisor of Election to Continue Conducting the District's Election of Supervisors o Mr. Faircloth informed the Board this resolution states Collier County will continue conducting the District's Election of Supervisors. On MOTION by Mr. Greeley seconded by Mr. Day with all in favor Resolution 2018-03 confirming the District's Use of the Collier County Supervisor of Elections to Continue Conducting the District's Election of Supervisors in Conjunction with the General Election,was adopted. B. Organizational Matters i. Appointment of Supervisor(Seat 4)—Letters from Residents ii. Oath of Office Newly Appointed Supervisor Resolution 2018-04,Designating Officers o Mr.McClellan noted he would not be running for re-election. o Three seats come up in the General Election in November; his seat, Mr. Cook's and Mr. Day's. o Discussion ensued regarding the process for applying in the general election. o There were three applicants for the Board, Mr. David Schmudde, Mr. Straub and Mr. Rupe. The voting results were:Mr. McClellan and Mr.Day voted for Mr.David Schmudde and Mr. Cook and Mr. Greeley voted for Mr.Jack Rupe. Since there was a tie,the Board resubmitted their votes, with the same results. Mr. Schmudde withdrew his application. The Board resubmitted their votes and the results were in favor for Mr.Rupe. On MOTION by Mr. Cook seconded by Mr. McClellan with all in favor, Mr. Jack Rupe was appointed to serve in Seat 4 for the unexpired term of 11/2020. 4 161 U. ft1 March 12,2018 Cedar Hammock CDD o Discussion ensued regarding the bulkheads. On MOTION by Mr. Greeley seconded by Mr.McClellan with Mr.Greeley, Mr. McClellan and Mr. Cook voting aye and Mr. Day voting nay, the proposed budget for Fiscal Year 2019 was accepted as presented. C. Consideration of Resolution 2018-05 Setting the Budget Public Hearing On MOTION by Mr. Greeley seconded by Mr. McClellan with all in favor Resolution 2018-05 approving the Budget for Fiscal Year 2019 and setting the setting the public hearing was adopted. SEVENTH ORDER OF BUSINESS New Business A. Consideration of Resolution 2018-03 Confirming the District's Use of the Collier County Supervisor of Election to Continue Conducting the District's Election of Supervisors o Mr. Faircloth informed the Board this resolution states Collier County will continue conducting the District's Election of Supervisors. On MOTION by Mr. Greeley seconded by Mr. Day with all in favor Resolution 2018-03 confirming the District's Use of the Collier County Supervisor of Elections to Continue Conducting the District's Election of Supervisors in Conjunction with the General Election,was adopted. B. Organizational Matters i. Appointment of Supervisor(Seat 4)—Letters from Residents ii. Oath of Office Newly Appointed Supervisor iii. Resolution 2018-04,Designating Officers o Mr.McClellan noted he would not be running for re-election. o Three seats come up in the General Election in November; his seat, Mr. Cook's and Mr. Day's. o Discussion ensued regarding the process for applying in the general election. o There were three applicants for the Board, Mr. David Schmudde, Mr. Straub and Mr.Rupe. The voting results were: Mr.McClellan and Mr.Day voted for Mr.David Schmudde and Mr. Cook and Mr.Greeley voted for Mr.Jack Rupe. Since there was a tie,the Board resubmitted their votes, with the same results. Mr. Schmudde withdrew his application. The Board resubmitted their votes and the results were in favor for Mr.Rupe. On MOTION by Mr. Cook seconded by Mr. McClellan with all in favor, Mr. Jack Rupe was appointed to serve in Seat 4 for the unexpired term o 11/2020. 4 1611A1 March 12,2018 Cedar Hammock CDD o Mr.Rupe not being in attendance today,will be sworn in at the April meeting. o Mr.Cook thanked Mr. Schmudde and Mr. Straub for submitting their applications. C. Bridges and Bulkheads Presentation Package for March 19,2018 o Mr. Cook had put together information which follows with what Mr.McClellan had done for the last meeting. Since this is an agenda item later in the meeting, they will vote for a continuation of this meeting and reconvene at 2:00 p.m. one week from today an hour before the Master Board. At that time, they will present this information at the continued meeting for anyone interested in attending and finish before the Master Board needs the room. o Mr.Faircloth stated in order to have a continuation of a meeting,you have to have a motion to continue which states the date, time and place the meeting will continue and in order to meet you have to have someone who is going to take minutes since he has been asked not to attend this meeting. If they choose to record the meeting they become part of the record. o Mr. Cook pointed out he knows information regarding vinyl siding was coming and he wanted to make the following statement: ➢ The CDD will continue to look at all the options for bulkheads and be ready to modify plans as conditions and new information become available. o This is clearly a work in progress on the bulkheads. o Mr.Cook discussed the Bridges and Bulkhead Package. o The first available period is June 1, 2019 when there will be a six week shut down. This is the only practical first window. o There will be a continuation meeting March 19,2018 at 2:00 p.m. o Mr. Faircloth noted there is no difference between a continuation meeting and a regular meeting. However, you cannot add anything new to the agenda that is not currently on this agenda today. o Mr.Faircloth discussed two Change Orders from Bridging Solutions. At this time,the Board wanted to hold off approving those. EIGHTH ORDER OF BUSINESS Manager's Report A. Approval of the Minutes of the February 12,2018 Meeting with Exhibit A o Several corrections were made to the minutes and they will be incorporated. o The tape will be listened to again in order to hear exactly what was stated. o The minutes will be approved at the continued meeting. B. Financial Report o The financials were reviewed. 5 16 11. A1 March 12,2018 Cedar Hammock CDD o Mr. Day asked about the outstanding funds in the financials related to the paving projects. Only one HOA was outstanding and the latest check received would be reflected in the next set of financials. o Mr. Greeley noted the Board should get notices of advertised meetings. The Board requested Mr. Read provide such information. On MOTION by Mr. Greeley seconded by Mr. Day with all in favor to make available to the Cedar Hammock general membership the approved minutes of meetings once approved by the CDD Board as well as the agendas for upcoming meetings and request that Mr. Tom Read's office send them out. C. Follow Up Items o Mr. Faircloth discussed water testing. He received proposals from CPH and Canino and gave comments from Community Environmental Services. o Mr.Faircloth will follow up with Mr.Marshall and ask him for recommendations o Mr.Faircloth gave an update on FEMA application. o The Board discussed bulkhead repair proposals. o Mr. Day described a bid from Benton & Sons Construction Co. This company can install tieback rods with Manta Ray for Hole#4 at a cost of$1,850. o Discussion ensued on bulkhead repairs. Mr. Cook MOVED to contract with Benton & Sons Construction Co. to perform the repairs on Hole #4 as described in items #2 and #3 in their quote and Mr.McClellan seconded the motion. o The Board discussed the above including permits and a Certificate of Insurance. On VOICE vote with all in favor the prior motion passed. o Mr. Day discussed Everlast Synthetic Products. He asked them to give design specs for the walls with the soundings. o It was noted the Engineer from Engenium,Inc.will be in the District in about one week to a week and a half, as well as Steve Culp, the Sales Representative. He would like a proposal for doing engineering for Holes#4,#5,#16 and#17. 6 1611A1 March 12,2018 Cedar Hammock CDD NINTH ORDER OF BUSINESS Attorney's Report On MOTION by Mr. McClellan seconded by Mr. Greeley with all in favor to complete a water quality test was approved. TENTH ORDER OF BUSINESS Engineer's Report There not being any,the next item followed. ELEVENTH ORDER OF BUSINESS Communication to Master Board There not being any,the next item followed. TWELTH ORDER OF BUSINESS Audit Committee Meeting There not being any,the next item followed. THIRTEENTH ORDER OF BUSINESS Supervisors Requests There not being any,the next item followed. FOURTEENTH ORDER OF BUSINESS Continuation There being no further business, On MOTION by Mr. McClellan seconded by Mr. Day with all in favor the meeting was continued to March 19,2018 at 2:00 p.m. er,.& Ju/ Faircloth Tom Cook S oretary Chairman 7 1611A1 MINUTES OF MEETING CEDAR HAMMOCK COMMUNITY DEVELOPMENT DISTRICT The continued session of the regular meeting of March 12, 2018 of the Board of Supervisors of the Cedar Hammock Community Development District was held on Monday, March 19, 2018 at 3:00 PM at Cedar Hammock Clubhouse, 8660 Cedar Hammock Boulevard, Naples, Florida. Present and constituting a quorum were: Thomas Cook Chairman Gary McClellan Vice Chairman Norman Day Assistant Secretary Quentin Greeley Assistant Secretary Tom Read Cedar Hammock Golf& Country Club Residents The following is a summary of the discussions and actions taken at the continued session of March 12, 2018. Item #1...Call Meeting to Order Mr. Cook called the meeting to order, noting that Mr. Greeley would act as Secretary to take the minutes of the Meeting. Item #2...Roll Call Mr. Cook called the roll. Item #3...Minutes of February 12, 2018 On MOTION of Mr. Day seconded by Mr. McClellan with all in favor the minutes of the February 12, 2018 meeting were approved. Item #4...Bridges and Bulkheads Status Report Mr. Cook proceeded with the presentation on "Bridges and Bulkheads" incorporating in his presentation the materials previously 1811A1 reviewed with the CDD Board including (i) the January 15, 2018 letter from the CDD to the Master Board of Cedar Hammock Golf & Country Club; (ii) short description of Florida's Sunshine Law; (iii) information about Bulkheads & current plans; (iv) status report on Bridges. The foregoing materials as presented are attached to these minutes as Exhibit A. Mr. Cook invited comments and questions from the audience of residents in attendance: An audience member inquired as to the time frame it would take to install a bulkhead. Mr. Day responded that it would depend on the type of material used e.g. on hole# 16 if timber or block were used it could take from 1 to 2 months for the work and the tee box, fairway & green would have to be reconstructed which would mean a 5 month shutdown for that hole. In addition he noted that a bulkhead using vinyl could be done totally from the water without disturbing the course and the best estimate for timing would be approximately 1 month with respect to the wall on #16 with a length of 375', during which time play could continue. On hole #4 and # 5 both walls of which are over 900' in length, the time to construct would be longer given the length, but in his opinion if a vinyl wall was selected, play on #4 could continue once the installation on the front portion of the hole was completed and likewise with #5. An audience member stated as to when a final decision would be made as to which methodology will be used to replace the bulkheads. Mr. Day responded that the lead engineer from the vinyl wall company from Georgia is coming in this week and will be looking at the conditions around holes #4,5,16 & 17 for feasibility of using vinyl material to replace existing bulkheads on those holes. The engineer will be in a better position as to how long it would take to do each wall. This company is expected to give the Board a bid $# for his firm to do the engineering. Ultimately, the Board must decide when we go ahead, and which type of material will be used. An audience member noted if the Board follows the maintenance repair plan for bulkheads in place now in the interim and waits until the re-grassing of the course in 2028 to replace the bulkheads, where will the money come from. Mr. Cook responded that we have significant reserves currently available of over $700,000 and over the next 10 years are expected to increase those reserves to the point of coming close to covering the total estimated costs for the replacement of the bridges and as well as the 1611A1 bulkheads in 2028. Depending on inflation and where prices come in, there could be a shortfall, which could be handled by a bank loan, bond, or assessment. Mr. Cook also indicated that the Board has a healthy budget in place right now. Mr. McClellan noted that the source of funds for the CDD comes from the Non-Ad Valorem portion of the real estate tax bills of each of the 799 owners at Cedar Hammock. An audience member questioned if there were unexpected failures of the bulkheads in the interim, what would be the source of funds? Mr. Cook responded, first would be reserves, then a bank loan if necessary and increase the Non-Ad Valorem tax if necessary depending on the amount(s) needed. The current annual Non-Ad Valorem tax rate for Cedar Hammock is $475 per door. An audience member asked about whether course could still be played if one bulkhead failed. Mr. Cook noted that play could continue on the remaining 17 holes while 1 bulkhead was being fixed because of any drastic failure. Mr. Cook also noted in response to a question from the audience that there is an ongoing monitoring of the condition of the bulkheads through the golf course staff almost on a daily basis, under the auspices of Mr. Read. He also noted that we have a comprehensive bridge condition report and repair plan in place for those bridges needing repairs which are expected to be completed within a year. Item #5...Hurricane Irma debris removal from preserve area. Mr. Cook reported that he has been advised that the South Florida Water Management District (SFWMD) is willing to consider applications for removal of Hurricane Irma debris from the first 30' in the preserve areas to minimize future fire risk. A general discussion ensued and upon motion by Mr. McClellan, seconded by Mr. Greeley it was unanimously voted to authorize Banks Engineering on behalf of the CDD to make application to the SFWMD for authorization to remove and dispose of Hurricane Irma debris from the first 30' of the preserves. Mr. Cook is to talk with Tom Read about golf course staff assisting with the removal, after hours. Item #6...Supervisors' Comments Mr. Day inquired whether if we get positive information from the vinyl wall company whether we could proceed sooner with replacement of the 1611A1 bulkhead on hole #16 in 2019 during the shutdown rather than waiting until 2028. Mr. Cook reiterated that the current plan unanimously voted by the Board was to maintain/repair bulkheads until 2028 when re-grassing of the course is planned and then implement small block new bulheads at that time. Item # 7..., Motion to continue the Meeting to March 26. 2018. Mr. Cook suggested that this Meeting be continued until March 26, 2018 and that the Supervisors meet at hole#4 to continue the discussions and review conditions of the bulkheads and bridges on site. Mr. Cook noted that he had received an opinion from counsel that such a continuation is appropriate. Upon motion by Mr. Greeley, seconded by Mr. McClellan the Board voted unanimously to continue the Meeting at hole#4 on the golf course at 3 p.m. on Monday, March 6, 2018. AEI Quentin Greeley ` Tom Cook Asst. Secretary Chairman 1611A1 MINUTES OF MEETING CEDAR HAMMOCK COMMUNITY DEVELOPMENT DISTRICT The continued session of the regular meeting of March 12, 2018 of the Board of Supervisors of the Cedar Hammock Community Development District was held on Monday, March 26, 2018 at 3:00 PM at Holes # 4 & 5 at Cedar Hammock Golf Course, Naples, Florida. Present and constituting a quorum were the following Supervisors: Thomas Cook Chairman Gary McClellan Vice Chairman Norman Day Assistant Secretary Quentin Greeley Assistant Secretary Jack Rupe (CDD Supervisor designee) Also, in attendance: Jake Jacobsen Chairman, Master Board CHG&CC Brook Lawrence Director, Master Board of CHG&CC Norm Heavey Director, Master Board of CHG&CC Mike Zitzow Director, Master Board of CHG&CC Residents Representatives from Everlast Synthetic Products (ESP) including Steve Culp, salesperson & Carl Hazenberg, P.E. from ESP who is also the design engineer. The following is a summary of the discussions and actions taken at the continued session of March 26, 2018. Call Meeting to Order Mr. Cook called the meetingto order, notingthat Mr. Greeleywould act as Secretary to take the minutes of the Meeting. Mr. Cook introduced Jack Rupe, who has been voted to fill the vacancy resulting from Mr. 1 6 1 1 A 1 Minamyer's recent resignation. Mr. Rupe will be sworn in as a Supervisor at the next meeting of the Board on April 9, 2018. Mr. Day then introduced Carl Hazenberg, P.E. from ESP and noted that he had the chance earlier, to view the bulkheads on Holes#16, 17, & partially on #5 and is familiar with the design & method of installation on the existing bulkheads at Cedar Hammock. The group then proceeded to the green on Hole # 4 to view the conditions. Mr. Day noted that when the "cap boards" were pulled up to be replaced many of the ends of the horizontal whalers were rotted out and almost ready to "kick out" beyond the posts; not in every area, but in many areas. Mr. Hazenberg noted that once the posts "kick out", the tongue & groove boards would start to open, and the earth would start to shift out between the boards. In the area the group was inspecting, Mr. Day noted that current work is scheduled to dig out earth from the greenside and bring the vertical support post back to horizontal and install a new anchor. A "manta ray" anchor will be used for the new support, not a cable. The work will be done at the end of May 2018, when the course is shut down for 10 days for planned aeration. The group then proceeded to the other side of the green to inspect a similar problem area in one of the bunkers on the back right side of the green where the same conditions appear to exist. It was also noted that only the "cap boards" which presented a safety hazard have been replaced, whereas, the other "cap boards" on bulkheads throughout the course, are in a similar condition. Should the ESP vinyl wall method be selected for the bulkheads, Mr. Hazenberg thought the anchors could be "shot" between the trees to avoid having to remove any trees on Green #4. Once the anchors are installed, they are "load tested" to makes sure they are installed properly. The group then headed over to the tee box on Hole#5 to inspect the condition of the bulkheads located there. Mr. Hazenberg noted that it appears from the original installation of the bulkheads, that the optimal design was negated, but the fact that they have lasted for approximately 20+ years, they have stood the test of time. In his opinion, we're right at the cusp of time when the bulkheads will start to fail. Mr. Hazenberg noted that the most vulnerable time is when the water level is so low and then you start to get heavy rains and the water builds up on top and you get a "bathtub effect" or "differential water" and that's when the loads on the walls are the highest and failures may start to occur. The optimal time from a contractor's standpoint is to be able to do the work when the water is at its lowest, even if a small barge were needed. A general discussion ensued 16111A1 among the group as to the existing condition of our bulkheads and the methodology of installation of the vinyl wall type of system and the challenges facing the actual design and installation of such a system, including hitting bedrock at different depths and how you might deal with that. Mr. Hazenberg recommended that a soil engineer first assign a strength parameter to the soil on top to be able create a design. In addition, you need to have a profile of the rock underneath the ground as well to know what you would face depending on where and how deep any rock is. The boring on the top 4' to 6' of earth by the soil engineer is important as he would assign a strength parameter to hold the sheet of vinyl in place. Mr. Hazenberg expects that the process of installation of the vinyl bulkhead would involve "phasing" with driving the anchors as the 1st stage, then hanging sheets of vinyl & driving piles. He noted that the work could be staged over a long or short period of time depending on what the community wants to do. Right now, contractors are at least one year out now although you could probably develop a pretty good plan within less than a year. Permitting and governing regulatory bodies would have to be coordinated as to required permissions etc. Mr. Hazenberg would be willing as a P.E. to provide a letter supporting the need and exigency for the work to proceed. He could prepare an engineering bid for all the walls based on parameters he's observed at Cedar Hammock and once that's executed he would be able to give a preliminary design for both the "Z" shaped as well as "U" shaped panels with an estimate of cost and the CDD could then make a decision as to what the final design would be. He could get an engineering cost proposal put together for all walls to us for the April 9, 2018 meeting of the CDD. The Meeting was adjourned at 3:45 p.m. (,),(1) Quentin Greeley f— To Cook Asst. Secretary Chairman 1611ve Heritage Bay Community Development District Board of Supervisors o Edwin Hubbard,Chairman o Bob Koncar,District Manager o John May,Vice Chairman o Justin Faircloth,District Manager o Dennis Gagne,Assistant Secretary o Gregory Urbancic,District Counsel o F.Jack Arcurie,Assistant Secretary o Jeffrey Satfield,District Engineer Donna Hunter,Assistant Secretary Regular Meeting Agenda March 1,2018—9:00 a.m. 1. Roll Call 2. Approval of Agenda 3. Public Comments on Agenda Items 4. Engineer's Report A. Water Testing Report B. Bathymetric Update 5. Attorney's Report A. Loan Update-PRAG B. Public Hearing Discussion i.Communication to Homeowners C. Quality Enterprises Contract Update i.Pre-Construction Meeting Date D. 30A/30B Boating Regulations Update E. Stormwater Management Rules and Policies Update 6. Old Business A. 2018 Summer Lake Bank Project Discussion 7. New Business 8. Manager's Report A. Approval of the Minutes of the January 19, 2018 Continued Meeting and February 1, 2018 Regular Meeting B. Discussion of General Election i. Qualifying Information ii. Consideration of Resolution 2018-5 Confirming the District's Use of the Collier County Supervisor of Elections to Continue Conducting the District's Election of Supervisors in Conjunction with the General Election C. Acceptance of Financials D. Field Manager's Report E. Lake&Wetland Management Monthly Inspection Report F. Follow Up Items 9. Supervisors' Reports,Requests,and Comments 10. Chairman's Comment 11. Audience Comments 12. Adjournment A Public Hearing is scheduled for March 19,2018 at 9:00 a.m. District Office: Meeting Location: 210 N.University Drive,Suite 702 Heritage Bay Clubhouse Coral Springs,FL 33071 10154 Heritage Bay Boulevard 954-603.0033 Naples,FL 161 1 P' Dait 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 forYthe purpose of securing this advertisement for publication in the said newspaper. Customer Ad Number Copyline P.O.# HERITAGE BAY COMMUNITY 1731686 NOTICE OF MEETING SC Pub Dates August 31,2017 ,7 gariw (Sig ture of affiant) = KAKOL RAGAS /3i! `• �Cammi%Ior, 5G1 A 4l ed Acacia Sworn to and subscribed before me ��r Myren,EYples Ju29,202) This September 15,2017 BaM1dM,RogiN UD WKo ryAgn \'21 01-114 01170 (Signature of affiant) a Naples Daily News Th,anlily.Aug,i1,201]130 161 1 A 2 >x>'., .0 �,er r"- :.A..E0 ��1 81 Mj av�'#r'� 'S YEM¢T� r\. .: v"'" ', 0s.. ,1. a �.e�.<.._.� O_.. �OOrFz2+'S°� "' Na a wt390 ass AN'lO NOTICE O TAX PLICATION FOR Notice of Sheriffs Sale GWIGHTF,ROC% CXII APV PLANTAC TAXEFEV ROpeeN 109:%516044n01 CLERH OF THE c 12CUTCOURT CONDOMINIUM ASSCC INC NOTICE IS HEREBY GNEN that mahOnt to an E%ECUIIOX IssUrN1 recoil iOM SUN CATCHER NOTICE IS HEREBY GIVEN that In the 037,II Count Pf Collier 0CAV Flnrids On the 27th tlay W s dO o Rely ba UNIT e, Dm5019 Cler Rutherford In Unless coni Idleoerty shall be CIX LEEN following tax tulle el bine AS ASSIGNEE F CAVA RY SPY LLC AS 055ERVi 5, said property being In Co ler Deputy re said eacco according shall be 'he like fig lax ce rri iente for LLC ASSIGNEE Df CAVALRY W) I,LLC GEORGI ASSIGNEE OF Greenly. Donna Rutherford he property ty.01 be So law, lhas deed SMr suedithee on. MIGUELPRIMUS ROJAS.AUTO N.SVCS„Ulnintase o.0 3361CANA saidRO)to ND (Seal) the Or^primp er sae the e deed10M OF CA the bidderat , n 01 lKevinLnalll the ras.Idle of ColterCmrhe FIfeinAa. 1� LANA K PROPERTY NW.I%01391 tether e7urrty or Roo l D tit 1 Irina,ad namedescrIniw i Ot G3'TR upon OJ the right.title and JAS.In of the th Meow Su l. MANAGEMENT.LLC ilOTT.01 APPLICreff 1:00 P.M.on Men Roem711 tit assessed dtole nWIIfCIn GEOribed ROTAS/p Mrtytl ROJAS.In and to the Ta11aN nu Fop iaX gem 1:00RM.andn001. assessed is as,plows: described Porsorwlppropert to-Wit: �Ilstu[ilei ry pcane UShall be September 15.1011. 2013CLIEVROEET/TAHOE LT d [locate shall be NOi1f.E IS HF.RF.6Y GIVEN Iha: Certificate Number:153596 Mala GRAY deenrd cTA?to Mw. Mr the 17th day Of 1ury, TINP1:30,2 S3%9R2799BT lh0 Property 'II be 7, t0 CA2ENOVm holder of that gewing 2017, prOpCrlyy.:HOMES ISLAND TAOltMT0.0Y% the Pine° bidnri tr Ian tax certificate the filed sell 0110 Beset-Init.: ORRS ISLAND CUllierG NFyl AdRe.fll et t.,ertiflcI hasfiledI CLERK OE.'rE CIRCUIT AKA proMARCObeing LO'I 9, Sh ontheloth31 ofSeptember,Grail East. atOleCWII¢rCo2rtat 1.00 M.on Moor.Rmlll ill at ssued thereon. C deed to Ue CLERK OF fNE CIRCUIT Ct1URT sold property he!nO In f,Nil¢r Sheriffs of re: 3319 Tp nlny Tr hnrpait ,t vAIl MIS Star c It Sep emb r Monday_.201Issued thmmn.Chrtaicete Comity, Me hoer of lead AM,nr 0090y1 A POJAS 1 will MIGUEL her cob September 25.2017. demripdon o property. DeputDCn:Ta pVMN(Artl it of Me.,and hant(5),in star NA POlA5 050 ROTAS. tame n,which OSS ely.Is Donna Clerk Name In which ASSe55ed: right.NIB,and'Merest in aforesaid Xen 1 at pudic rales Dated the 25th day of Atly, ein wlYch BTsessetl Is aS Donna Rutherford rep WHIST(I' LteranLC and will cell crime.s bfe t le at br liens.encumbrances Zell. /uNuws. (Seal/ 1 testaments.if any.M Ino highest end best bldtbr for CASH Cerllfica t Nuneer.131009 AuguSt 10,17,24 A 31,2017 Unless the property he described W rHANn.The proceeds to be applied as far as may be t0,the DWIGHT F.Renal NO.1702247 inSaid certificate odyn[of costs end))MhoaU satisfaction RAM Fela above desing MI.d rh FnK OF THE CIRCMI COURT P7noN ty 101,:109!0560,03 NOTICEOF APPLICATION FON theeme4f wftlbe 5Wd tfi Enterprise Avxg,Vaples,Flsr4IM. TAX DEED the highest bidder,at the NYJs/memos RlrlherfoN Description: LAGD MAR NOTICE IS HEREBY GIVEN that Collier COUn11yy Ad toile tion Keri I,,a b k. Sheriff Deputy Clerk (COOP)APT 6E,salU p:Uie ' TAX EASE FUNDING 2018-1 gjgldlrN TtAfluor 1lt1101n 711 at collier Countylehe n, (Senna Ruttier ford ban In Coiner County, LLC holder of the fWlawle t•AO P.M.on MCndny. by:ls/L.A. (Seal) lax certificate ton has/ilea said ddle'',Deputy Sheriff Aueisi 1U.17,24,&31.20!7 Florida. certificate for tax deed to be September 25.2017. ''''IPIn31 Issued thereon. Certificate Dated this 17M day OF 1WY: Dates AdvrH[iced:8/10/2017.8/1711011,R124/7017,8/31/2011 Hanle In which assessed: specialp NOTICE OF Apt ons TAX�OCAiION FOR MICHAEL FREEMAN number.description �h peeper a`� DWIGHT E.BROCK needing a sialNO. tn ace ordance with lcontact 5e<ynnAttamS`aelpto American with nisahilities at poM�s Uinle55 tee Pror�orfy described fo8c+vs: CLERK OF THE CIRCUIT COURT Manager.w110,0 office Is located at Collar County Sheriff's NOTICE 15 HEREBY GIVEN that In saitl eocnr le 51011 be Office,3314 Tambmi Trail E,Naples,fl 31112.telephone:239 TAX EASE FUNDING 2016-1 redeemed Meerdo,ra law, Certificate Number:151096 BY:/57UMne RUth.gord Office,Dat least seven Trdayys pelpTto the yp ect,epho hearing LLC bolder W the following 1c•I 105 I will Uri mag l0 0 Id Clerk Impaired. B (` 9S5 1a tax certificate has fibs'said tae m es: bidder t tae Property 131:18163400000mire.(Tom l,9oos5s T]t.or Vince V)18D0� 41]]O,v certificatefor lax deed to be cower County pdmlmit Filet O<atriptIom RIVER PARK EAST DO'0 Ruther ford Florida Relay Service. issued thereon. Carr Uticate Builoing7M Flom,Haunt 111 et pill,L4 LIT 8.lei property Au past 10.17.24,&31,2017 Nn 1311789 r Nur, year of issuance, 1:00 P.M.on&Novay. y m Collie- Cmnty, v No.1702388 NOTICROF MEETINGSCNEDIXE ...dation f property,and September 25,2017. Florl n HEMTAGEBAYCOMMUNITYDEYELOPEIENT DISTRICT folloIn which assessisl!s as ryame 115 which asaeaxd: ws: Dated this rah day of lull, The Board orf Supervisors f the Heritage Bary 2011 OANNIE WILLIAMS Community Development District will hold their meeting for CLettficate Number:15.537 KAY FRANCES WILLIAMS There's FISCAl Year 2017/20/8 in the Heritage 5dy Clltblrose.10154 DWIGHT E BROCK ULYSSES WILLIAMS C�L''R�`�-..1JJO1 Heritage Bay gau!evard,NaUIOz FlOrlda at 9:00 a.m.as follows: DesPrWertyy TOR; 16 COM CLERK OF THE CIRCUIT COURT Upless the property described CNR SECT 1125126 COMM 11 OCpmmber71017 CNR SECT 12.5]36.2613 TON gy;/0 Clan PulherlONl ie sate .tilleate.boll be D00.0 r2017 R/W 41,N 54 USG W 16/2101 T. U<13uty Clerk redeemed craned[be to law, November 2,2017 N 370.SNFT,W ITO.BIFT TO Defile Rumors°. the property will be sold to �� December 7.2017 IVB,CONT W 60C T,N 135FT, ((Slap the Mlles bidder et the lnuary 4.2038 E6IFT,513513 TC P08,19 AC MIMI t 10.1T,74&31,7017 Collier Myyle.Roastfat!On Febnlary 1,2018 OR 1575II04PG 1131 said property No.1702176 BWNbg county Room 711 at Myarch 1,2018 gairil 5,2018 Nmlda,In Coiner arty NOTICE OF APPLICATION FOR SePtr:ntDa,nl5,xmTY place MNY 3,20[8 • TAX DEm Ilse Z 1018 ESiATn t SIE ES/5011 Dined Uds 2151 day of illy, J11y V,2018 ESIATEUF STEVENISTILI'SON NOTICED IRAIYGholder at 2011. 7o'R August 2.2018 MIDLAND INA INC harder to 'Ilk' September 6.2018 Unlessthe property described be h. If..lelleung tax r.,.MI DWIGHTRKOF THE CK CIR saitl according Snell be has deed said sert BK.,.fm CLERK OF THE CIRCUITCOVRi The mettfingS are Open M the uUbic and will be redeemed ty will be tU law, taxdaod teb<iumbd thereon. conducted r accordance with the provision et Florida law ts property will be sold to Certificate bid, year gY:/3/Ouna RWharbN Mr Community Oevetooment Districts The mediae may be the highest bidder , the of las mea number, tion f Deputy Clerk �V continued to a date.Orme,and place to be specifiedan the rcirel Collier County Administration Mmes ly sac},lieu In which gonna Rutherford re at Me meeting. acrd. fpnPwa: IJul0 P.M.an Rom Tll al ss Augur 1:110 P.M.any.Mit, Certificate Number:IS 2/111 August 17,2d.8N,i1102%200 Theremaytelephone. Detest nswMnoneor more Supervisors sPpmnlbnr 25.101]. ME participate by blephme. Dated tills 17th day of July, Properly tOR:395991M000 ^ any`peesmn mRWring S(atlal a m mMdnnS at 0111. r"I Arial Estate these meeting_because of a disability or physical impairment Description GOLDEN GATE Ilii Real btate should confect the District Manager's Office TI 7551 forty-eight OWICMIT E.BROCK EST UNIT 59 LESS N 16513 Of Tlyrxhn,,,,i,i!ko...h, (4B)hetes prior to the meeting. If you hearing er syy<Oeh CLERK OF 111E CIRCUIT COURT TR 91,sale Huy gra271.9 b ,nrlT) keenalr to Wrior mhtatt the Fbndd u ere heerNCg o 'speed, ' Collier CouMY,Florida. ,.'..'{:;•.-2 T.I.t^rhfgre i!fla TTY)/IR rati17gArctllrHaidin M/s/Donna Ruthurlord Nnme in whim a&ht Tld contacting the District Manager's Office. Deputy Clerk ro ODY G 8 KMGTIANA N NOTICEUF GTION Fa 141 Donna Rutherford O'M6ARN TAX DEED Each person who deities t0 appeal any action taken ((S5eat! NOTICE IS HEREBY GIVEN Mat t thre meeting,s advised that person will need a retard of AUgUst 10.I4M,&3.2011 COLLEEN CPA,l'ON holder W the proceedings and that accor(an(ll.the person may need X0,1701.48 Unlesas ted Nopcdil described the tiedtax certificate to ensure that a verbatim record of the proceedings(s made, re s m ac to atoll b.w, following q deemed ty will be so law, has fled said certificate( tobreeding thehosed.testimony and evMerce upon which such appeal is NOf%.'E OTA DEMO UN FOR the phi59heat yybidderP 5ol dt11re certificate Oeweber,yyear to he hosed. HuiirlinggeTthnf10 .TnnOni 711 at Ur0of pbrty,antl description a1�f 1inmwIth DiStnn'ct Md oth TOTICE IS HERON GOP that IAO PM,On MOnda. PbN1]016X6 1TAX1C EASEtilde FUNDING 20M-1 y assessnr(kaclnlimvs: Find 1 11 AuOnst ll.1017 tax nhor0 holder the feed following SeOh:mb¢r 05.2n1i1. Certificate humbec.152182 rin(l and certificate est a athfur eon`Car i Certificate 2oiy, MIS 1711 day of 1DIY• property m1:37015040042 visitproperty Mer, year of issuance. description of report/. Cl.CRKDWIGHT E,BROCK Description: CAI DEN GATE .3,rap r Bmf name Ir win h assuu0d IS CLERK OF THE CIRCUIT COURT FST MD-9 N 150FT OF TR 716 listings in torn. r gR•"S1 � as foAows: Ort in Collier 1Cwnty D" Deputy Cler Rutherford Florida.being I.ocalfie(Ls are Certificate Number:IS-576 Donna Rutherford Dania r+ueherMre Prgperly mrc c 51 DC0TI (Seal! Na 1 i h e ad: ,2 Da/Gr11%Ion 20, 211.21001 August 10,17,24,31,101% EAIhA EMI'sIARSEN easier to read... N]/i CNRSLC120,51981.21ET. No.11DFOR Unless Me property d •W 991.2 Il CO POs.W unty. 24n N 13613,F.311,.a 13pre PGB NOTICE OTA DEED ON FOR re iald medicate atoll o. helping you CO . . 351 T. E 31.said prapar 8 FTAX DFm redeemed edicate to law, ba In Collier County. he poverty HIM sad In Florida. 1011NOTICE S HEREBYFUNDING 16.1 the highest bidder tr the 1,,, TAC EASE FUNDING 2016.1 entre,Z 7th Ar.Roo t71.a ILLI([ rnew ESTATE OF MINAR ONk tot ertCer of has fl Ed 501 1:00Bun151 len FMoreley. n 111 al ESTATE OF MINARDO C,ASALI !ax certificate has f lied son 1:90 P.ht. MOMAy, L HERNANDEZ certificate.for tax deed ton September 15,2012 home sweet dome. property d theileh Ot n, Certificate .50 in aidlrcertificate shall Ube number. o Uried,.Ol elPertY.and 201),1 this 17th day of July, redeemed according bee low, n which assessed Is as 7 the properly will b sold to follows: DWIGHT E.BROCK tee finest bidder t the CLERH OF THE CIRCIIIT COURT yours '0 z.,,,r r Countyy AdOOan crust prtERcate Number:15-2117 Find1� gdin ]IhFMP ROPn]II at BY:/a/boma Rutherford online at /6` • 1:00 P.m. on2Monday, DOle. vx mi7IDA:OO 36.635000B S GATE DOmaftuthkrfard NI. UNIT l BLK 150 LOT 3,sal 15001) ��/�C Crated IhN 21St day al lay. rmerN IIeUg n Collier August 10.I1,?5,5 31.2017 F' �� 2017. County.Florida, No.1702297 &CAC.2 �,�Y CIYIGHT E.BROOK NxmF in Wninh rRS005M. NOTICE..APPLICATION Foe FLOOR OF 141 CIRCOIT EaemT IOIIN1111001 ER TAXOEED EI t2'ABFTH M p0(1l.ER NOTICE IS HEREBY OIVEN tent Tax Dem BYJs/Donna Rutherford nnlCsI Me Nn rty tlesettbed NMF Ft.C,ILC holder of tee NOTICE.IS HEREM'GIVEN that 111 Manage your subscription Demi:y Clerk following ax Nrficete has DECDCO,LLC holder f the Donna Rutherford re said Crti Tate shall M filed said ertilcMo for tax !slowing tax tificate has (Seal) the redeemed accnrdi W to faw• decd l tate issued number. y dee d issued the her tax August 1C.1%,24.&N.1702 the hlehery 11 er steel h^ Certificate mber, yell deed to be issued thereon. No.LT02466 the hlghl,sl bidder t the of Dfir'r! description of Certificate number. year I Find a newsstand to COOer C fyy Admhdsttatir0 property rsta in which of issuance, d description 1 gntMh ]Ih Flprx Rrmnn 711 alassessed a follows: IQ I amu P whirl• NOTICE..e.00EC4TIlON FOR 1:00PM.on Monod IPsssse'enr TAX OM a in's laliows: September z6,xot� Certificate Number:15.4927 pry a paper NOTICE 15 HEREBY GIVEN that patee MIs IPX 011 Of fhrly. Cadfitel Number:15-3952 mooSog to rtiTcef ate thas 2917. Proper lrAntp?:1w2CO90TOMI�Ay pmpp,ly,gM.6G933gbUll u ■ Place an obituary,classified filet!said Certificate for tax UWIGXI F,gRrimy PLANTATTIIM A COUNDO�1M�yINI'UM Deacrlpbon:MARCO not UNIT deed tobee1SSUeertthereon. Cer. year LERK OF THE CIRCUIT COURT lir..n.'°3. Fronds.'inO 4md1Kpplie pLOT 0p37M 0993. CedIad or press release r 1suance,0escri,Tlon Of gy./S/Oorvle Rutherford County iib. ampere antl mutein wAlch Deputy Oath 5011K loch queued: _ zsessedlsas rdllows: Odnna PWnerturtl CONDO NIU PSN INC n RIS assessedMORALS II Submit news (5ea0 CONDOMINIUM ASSN INC RALPH MAf05 MORALES CerlllIcay`m Number:IS-aCT August IP 17.24,&31,2011 Woe tl e property utdescribed Unless the property described L SClltpll n:RO709710.004 EMARY HEIS NONCE OF APPLICATION Boit redeemed accordings Ill lea, in redeemere d Paycc rdiiflO ca low, ■ Submit a letter to the editor property tyR being PG In04C0111e NOTAX TICE IS HEREBYDIVEN Mat the I`i hest will at dtlto the property wilt bidden atMth CUYntY,Florida. followirLg&t LIG holder liar Collier didXat TICounty FIOt R 0,11 Tll al Building tration ColiMr 7th F1 &RRoAdmiom 7111on at ■ Report a problem Name in w00cll assessed tiled sold certificate fid tax 1:00P.M en Manley.rIr 1:00 P.M.on Mondeo, SIEPYENW SCNES5ltit deed to be Issued thereon. Seatembw 75.2012 September 25,eel?. Certificateler, year Unless the property destrl7ed of I511ance,description of Dated Ills 17th day Of July. Dated this 17th day of IWy. In said satirical°snail be property,and name In which 2011. 2017 www.naplesnews.com/customerservice redeemed l will be to laws. assesseis as follows: he property '111 be sold tU DWIGHT E.BROOK DWIGHT E.BROCK the rii0tHst!Adder M the Certificate Number:154331 CLERK OF TNR CmCINTCOURT CLERK OF THE CIRCUIT COURT Collier Countyy Administration �,��??{g + Battu Building Mggg no Floor,noon 711 at Property MP:74029,0aM1 BY:/s/Donta Rulher Mid BY.h/Donna Rutherford Nzip'E»2,Or attu ilio September1155..Zell. PLANTATION A C.OND3H BAY OM�M�INIUM bet ng peel) Rutherford DoClerk Deputy na Rutherford �[�1 /LA�j+AR.'aha t AJE Al TiA gated this 17th day OI Any. Ir 00 1W4Carulnlproperty Flo ida. August le.17,24,&31.2001 August II.24,031.2017 al) rxa,'nx:..nr.p xrelv,nw 2017. No.1702406 No.1702319 161 ia Feb 28,2018 4:47 pm Prepared by PRAG (Finance 8.000 p:\...\heritage bay\numbers\HeritageBayCDD:FIN03) Page 1 SOURCES AND USES OF FUNDS Heritage Bay Community Development District Assessment Revenue Bonds,Series 2018(A-Rated) Estimated Rates as of February 27,2018 with a 25 bps interest rate buffer Assuming S&P'A-' Dated Date 04/12/2018 Delivery Date 04/12/2018 Capital Improvement Revenue Capital Refunding Improvement Bonds,Series Revenue Bonds, Sources: 2018A-1 Series 2018A-2 Total Bond Proceeds: Par Amount 16,400,000.00 3,920,000.00 20,320,000.00 Original Issue Discount -449,611.55 -37,274.20 -486,885.75 15,950,388.45 3,882,725.80 19,833,114.25 Other Sources of Funds: Balance in Series 2014 Revenue Account • 221,401.64 221,401.64 Funds to be transferred to Trustee 1,111,325.62 1,111,325.62 Balance in Deferred Costs Account 22,009.69 22,009.69 Balance in Reserve Account 578,392.54 578,392.54 Payoff Deferred Cost Obligation -268,677.00 -268,677.00 1,664,452.49 1,664,452.49 17,614,840.94 3,882,725.80 21,497,566.74 Capital Improvement Revenue Capital Refunding Improvement Bonds,Series Revenue Bonds, Uses: 2018A-1 Series 2018A-2 Total Project Fund Deposits: Construction Costs 1 1,314,480.48` 1,314,480.48 Survey 6,000.00 6,000.00 Engineering Part IA 37,350.00 37,350.00 Engineering Part IB 92,000.00 92,000.00 Irrigation 25,000.00 25,000.00 Legal(Easements,applications,etc) 10,000.00 10,000.00 Contingency 2,920.55 2,920.55 Construction Costs 2(Hurricane/Outfall/Weir) 1,755,429.50 1,755,429.50 Engineering Part II(Hurricane/Outfall) 126,900.00 126,900.00 Pay Off Valley National 84,000.00 84,000.00 Overages/Rcimbursables 6,598.86 6,598.86 Remaining Amount 70,443.67 70,443.67 3,531,123.06 3,531,123.06 Refunding Escrow Deposits: Cash Deposit 16,383,780.50 16,383,780.50 PRAG 161 112 Feb 28,2018 4:47 pm Prepared by PRAG (Finance 8.000 p:\...\heritage bay\numbers\HeritageBayCDD:FIN03) Page 2 SOURCES AND USES OF FUNDS Heritage Bay Community Development District Assessment Revenue Bonds,Series 2018(A-Rated) Estimated Rates as of February 27,2018 with a 25 bps interest rate buffer Assuming S&P'A-' Capital Improvement Revenue Capital Refunding Improvement Bonds,Series Revenue Bonds, Uses: 2018A-1 Series 2018A-2 Total Other Fund Deposits: Reserve Account 605,100.00 230,371.88 835,471.88 Deposit for 11/1/18 Payment 314,229.98 47,497.43 361,727.41 919,329.98 277,869.31 1,197,199.29 Delivery Date Expenses: Cost of Issuance 188,730.46 44,333.43 233,063.89 Underwriter's Discount 123,000.00 29,400.00 152,400.00 311,730.46 73,733.43 385,463.89 17,614,840.94 3,882,725.80 21,497,566.74 • PRAG 161 lAa Feb 28,2018 4:47 pm Prepared by PRAG (Finance 8.000 p:\...\heritage bay\numbers\HeritageBayCDD:FIN03) Page 3 SUMMARY OF BONDS REFUNDED Heritage Bay Community Development District Assessment Revenue Bonds,Series 2018(A-Rated) Estimated Rates as of February 27,2018 with a 25 bps interest rate buffer Assuming S&P'A-' Maturity Interest Par Call Call Bond Date Rate Amount Date Price Series 2014 Raymond James Loan,SER_14: SER2014 05/01/2018 3.800% 585,000.00 04/12/2018 100.000 05/01/2019 3.800% 610,000.00 04/12/2018 100.000 05/01/2020 3.800% 635,000.00 04/12/2018 100.000 05/01/2021 3.800% 660,000.00 04/12/2018 100.000 05/01/2022 3.800% 680,000.00 04/12/2018 100.000 05/01/2023 3.800% 710,000.00 04/12/2018 100.000 05/01/2024 3.800% 740,000.00 04/12/2018 100.000 05/01/2025 3.800% 770,000.00 04/12/2018 100.000 05/01/2026 3.800% 800,000.00 04/12/2018 100.000 05/01/2027 3.800% 830,000.00 04/12/2018 100.000 05/01/2028 3.800% 865,000.00 04/12/2018 100.000 05/01/2029 3.800% 8,225,000.00 04/12/2018 100.000 16,110,000.00 PRAG 1611A2 Feb 28,2018 4:47 pm Prepared by PRAG (Finance 8.000 p:\...\heritage bay\numbers\HeritageBayCDD:FIN03) Page 4 ESCROW REQUIREMENTS Heritage Bay Community Development District Assessment Revenue Bonds,Series 2018(A-Rated) Estimated Rates as of February 27,2018 with a 25 bps interest rate buffer Assuming S&P'A-' Dated Date 04/12/2018 Delivery Date 04/12/2018 Period Principal Ending Interest Redeemed Total 04/1212018 273,780.50 16,110,000.00 16,383,780.50 273,780.50 16,110,000.00 16,3 83,780.50 PRAG 16r1P' Feb 28,2018 4:47 pm Prepared by PRAG (Finance 8.000 p:\...\heritage bay\numbers\lieritageBayCDD:FIN03) Page 5 BOND SUMMARY STATISTICS Heritage Bay Community Development District Assessment Revenue Bonds,Series 2018(A-Rated) Estimated Rates as of February 27,2018 with a 25 bps interest rate buffer Assuming S&P'A-' Dated Date 04/12/2018 Delivery Date 04/12/2018 First Coupon 11/01(2018 Last Maturity 05/01/2036 Arbitrage Yield 3.818171% True Interest Cost(TIC) 3.918117% Net Interest Cost(NIC) 3.865296% All-In TIC 4.073172% Average Coupon 3.536787% Average Life(years) 9.577 Weighted Average Maturity(years) 9.533 Duration of Issue(years) 7.855 Par Amount 20,320,000.00 Bond Proceeds 19,833,114.25 Total Interest 6,882,674.38 Net Interest 7,521,960.13 Bond Years from Dated Date 194,602,444.44 Bond Years from Delivery Date 194,602,444.44 Total Debt Service 27,202,674.38 Maximum Annual Debt Service 1,673,1 93.76 Average Annual Debt Service 1,506,841.48 Underwriter's Fees(per$1000) Average Takedown Other Fee 7.500000 Total Underwriter's Discount 7.500000 Bid Price 96.853909 Par Average Average PV of 1 bp • Bond Component Value Price Coupon Life change • Series 2018E 3,920,000.00 99.049 2.277% 2.578 959.90 Series 2018A 16,400,000.00 97.258 3.606% 11.250 14,140.85 20,320,000.00 9.577 15,100.75 PRAG 1611A2 Feb 28,2018 4:47 pm Prepared by PRAG (Finance 8.000 p:\...\hcritage hay\numbers\HeritageBayCDD:FIN03) Page 6 BOND SUMMARY STATISTICS Heritage Bay Community Development District Assessment Revenue Bonds,Series 2018(A-Rated) Estimated Rates as of February 27,2018 with a 25 bps interest rate buffer Assuming S&P'A-' All-In Arbitrage TIC TIC Yield Par Value 20,320,000.00 20,320,000.00 20,320,000.00 +Accrued Interest Premium(Discount) -486,885.75 -486,885.75 -486,885.75• -Underwriters Discount -152,400.00 -152,400.00 -Cost of Issuance Expense -233,063.89 -Other Amounts Target Value 19,680,714.25 19,447,650.36 19,833,114.25 Target Date 04/12/2018 04/12/2018 04/12/2018 Yield 3.918117%, 4.073172% 3.818171% • PRAG 16 % 1A2 Feb 28,2018 4:47 pm Prepared by PRAG (Finance 8.000 p:\...\heritage bay\numbers\HeritageBayCDD:FIN03) Page 7 BOND PRICING Heritage Bay Community Development District Assessment Revenue Bonds,Series 2018(A-Rated) Estimated Rates as of February 27,2018 with a 25 bps interest rate buffer Assuming S&P'A-' Maturity Premium Bond Component Date Amount Rate Yield Price (-Discount) Series 2018A: 05/01/2019 75,000 2.000% 2.130% 99.864 -102.00 05/01/2020 75,000 2.000% 2.420% 99.163 -627.75 05/01/2021 80,000 2.250% 2.670% 98.775 -980.00 05/01/2022 85,000 2.500% 2.910% 98.442 -1,324.30 05/01/2023 1,125,000 2.750% 3.110% 98.327 -18,821.25 05/01/2024 1,160,000 3.000% 3.260% 98.581 -16,460.40 05/01/2025 1,195,000 3.125% 3.470% 97.856 -25,620.80 05/01/2026 1,230,000 3.250% 3.640% 97.297 -33,246.90 05/01/2027 1,275,000 3.375% 3.730% 97.292 -34,527.00 05/01/2028 1,320,000 3.500% 3.800% 97.511 -32,854.80 05/01/2029 1,365,000 3.500% 3.870% 96.696 -45,099.60 05/01/2030 945,000 3.625% 3.930% 97.092 -27,480.60 05/01/2031 980,000 3.625% 3.980% 96.411 -35,172.20 05/01/2032 1,015,000 3.750% 4.040% 96.911 -31,353.35 05/01/2033 1,055,000 3.750% 4.090% 96.204 -40,047.80 05/01/2034 1,095,000 3.750% 4.140% 95.457 -49,745.85 05/01/2035 1,140,000 4.000% 4.180% 97.818 -24,874.80 05/01/2036 1,185,000 4.000% 4.210% . 97.361 -31,272.15 16,400,000 -449,611.55 Series 2018B: 05/01/2019 950,000 2.000% 2.130% 99.864 -1,292.00 05/01/2020 970,000 2.000% 2.420% 99.163 -8,118.90 05/01/2021 990,000 2.250% 2.670% 98.775 -12,127.50 05/01/2022 1,010,000 2.500% 2.910% 98.442 -15,735.80 3,920,000 -37,274.20 20,320,000 -486,885.75 Dated Date 04/12/2018 Delivery Date 04/12/2018 First Coupon 11/01/2018 Par Amount 20,320,000.00 Original Issue Discount -486,885.75 Production 19,833,114.25 97.603909% Underwriter's Discount -152,400.00 -0.750000% Purchase Price 19,680,714.25 96.853909% Accrued Interest Net Proceeds 19,680,714.25 PRAG 161 1 A a Feb 28,2018 4:47 pm Prepared by PRAG (Finance 8.000 p:\...\heritage bay\numbers\HeritageBayCDD:FIN03) Page 8 COST OF ISSUANCE Heritage Bay Community Development District Assessment Revenue Bonds,Series 2018(A-Rated) Estimated Rates as of February 27,2018 with a 25 bps interest rate buffer Assuming S&P'A-' • Cost of Issuance $11000 Amount Contingency 0.40619 8,253.86 Bond Counsel 2.09154 42,500.00 District Counsel 1.84547 37,500.00 District Manager(with Assessment Methodology) 1.23031 25,000.00 Financial Advisor 1.96850 40,000.00 • UW Counsel 1.72244 35,000.00 Trustee 0.72884 14,810.03 Notice Publication 0.14764 3,000.00 Rating Agency 1.23031 25,000.00 OS Posting 0.09843 2,000.00 11.46968 233,063.89 • • I PRAG Feb 28,2018 4:47 pm Prepared by PRAG (Finance 8.000 p:\...\heritage bay\numbers\HeritageBayCDD:FIN03) Page 9 BOND DEBT SERVICE BREAKDOWN Heritage Bay Community Development District Assessment Revenue Bonds,Series 2018(A-Rated) Estimated Rates as of February 27,2018 with a 25 bps interest rate buffer Assuming S&P'A-' Capital Improvement Capital Revenue Improvement Period Refunding Bonds, Revenue Bonds, Ending Series 2018A-1 Series 2018A-2 Total 11/01/2018 314,229.98 47,497.43 361,727.41 11/01/2019 642,706.26 1,026,425.00 1,669,131.26 11/01/2020 641,206.26 1,027,225.00 1,668,431.26 11/01/2021 644,556.26 1,026,3 87.50 1,670,943.76 11/01/2022 647,593.76 1,022,625.00 1,670,218.76 11/01/2023 1,671,062.51 1,671,062.51 11/01/2024 1,673,193.76 1,673,193.76 11/01/2025 1,672,121.88 1,672,121.88 11/01/2026 1,668,462.50 1,668,462.50 11/01/2027 1,671,959.38 1,671,959.38 11/01/2028 1,672,343.76 1,672,343.76 11/01/2029 1,670,356.26 1,670,356.26 11/01/2030 1,209,340.63 1,209,340.63 11/01/2031 1,209,450.00 1,209,450.00 11/01/2032 1,207,656.25 1,207,656.25 11/01/2033 1,208,843.75 1,208,843.75 11/01/2034 1,208,531.25 1,208,531.25 • 11/01/2035 1,210,200.00 1,210,200.00 11/01/2036 1,208,700.00 1,208,700.00 23,052,514.45 4,150,159.93 27,202,674.38 El PRAG- 16 % 1 A 2 Feb 28,2018 4:47 pm Prepared by PRAG (Finance 8.000 p:\...\heritage bay\numbers\HeritageBayCDD:FIN03) Page 10 BOND DEBT SERVICE Heritage Bay Community Development District Assessment Revenue Bonds,Series 2018(A-Rated) Estimated Rates as of February 27,2018 with a 25 bps interest rate buffer Assuming S&P'A-' • Dated Date 04/12t2018 Delivery Date 04/12/2018 Period Ending Principal Coupon Interest Debt Service 11/01/2018 361,727.41 361,727.41 11/01/2019 1,025,000 2.000% 644,131.26 1,669,131.26 11/01/2020 1,045,000 2.000% 623,431.26 1,668,431.26 11/01/2021 1,070,000 2.250% 600,943.76 1,670,943.76 11/01/2022 1,095,000 2.500% 575,218.76 1,670,218.76 11/01/2023 1,125,000 2.750% 546,062.51 1,671,062.51 11/01/2024 1,160,000 3.000% 513,193.76 1,673,193.76 11/01/2025 1,195,000 3.125% 477,121.88 1,672,121.88 11/01/2026 1,230,000 3.250% 438,462.50 1,668,462.50 11/01/2027 1,275,000 3.375% 396,959.38 1,671,959.38 11/01/2028 1,320,000 3.500% 352,343.76 1,672,343.76 11/01/2029 1,365,000 3.500% 305,35626 1,670,356.26 11/01/2030 945,000 3.625% 264,340.63 1,209,340.63 11/01/2031 980,000 3.625% 229,450.00 1,209,450.00 11/01/2032 1,015,000 3.750% 192,656.25 1,207,656.25 11/01/2033 1,055,000 3.750% 153,843.75 1,208,843.75 11/01/2034 1,095,000 3.750% 113,531.25 1,208,531.25 11/01/2035 1,140,000 4.000% 70,200.00 1,210,200.00 11/01/2036 1,185,000 4.000% 23,700.00 1,208,700.00 20,320,000 6,882,674.38 27,202,674.38 PRAG 1 6 1 1 A 2 Feb 28,2018 4:47 pm Prepared by PRAG (Finance 8.000 p:\...\heritage bay\numbers\HeritageBayCDD:FIN03) Page 11 BOND DEBT SERVICE Heritage Bay Community Development District Assessment Revenue Bonds,Series 2018(A-Rated) Estimated Rates as of February 27,2018 with a 25 bps interest rate buffer Assuming S&P'A-' Dated Date 04/12/2018 Delivery Date 04/12/2018 Period Annual Ending Principal Coupon ' Interest Debt Service Debt Service 11/01/2018 361,727.41 361,727.41 361,727.41 • 05/01/2019 1,025,000 2.000% 327,190.63 1,352,190.63 11/01/2019 316,940.63 316,940.63 1,669,131.26 05/01/2020 1,045,000 2.000% 316,940.63 1,361,940.63 11/01/2020 306,490.63 306,490.63 1,668,431.26 05/01/2021 1,070,000 2.250% 306,490.63 1,376,490.63 11/01/2021 294,453.13 294,453.13 1,670,943.76 05/01/2022 1,095,000 2.500% 294,453.13 1,389,453.13 11/01/2022 280,765.63 280,765.63 1,670,218.76 05/01/2023 1,125,000 2.750% 280,765.63 1,405,765.63 11/01/2023 265,296.88 265,296.88 1,671,062.51 • 05/01/2024 1,160,000 3.000% 265,296.88 1,425,296.88 11/01/2024 247,896.88 247,896.88 1,673,193.76 05/01/2025 1,195,000 3.125% 247,896.88 1,442,896.88 11/01/2025 229,225.00 229,225.00 1,672,121.88 05/01/2026 1,230,000 3.250% 229,225.00 1,459,225.00 11/01/2026 209,237.50 209,237.50 1,668,462.50 05/01/2027 1,275,000 3.375% 209,237.50 1,484,237.50 11/01/2027 187,721.88 187,721.88 1,671,959.38 05/01/2028 1,320,000 3.500% 187,721.88 1,507,721.88 11/01/2028 164,621.88 164,621.88 1,672,343.76 05/01/2029 1,365,000 3.500% 164,621.88 1,529,621.88 11/01/2029 140,734.38 140,734.38 1,670,356.26 05/01/2030 945,000 3.625% 140,734.38 1,085,734.38 11/01/2030 123,606.25 123,606.25 1,209,340.63 05/01/2031 980,000 3.625% 123,606.25 1,103,606.25 11/01/2031 105,843.75 105,843.75 1,209,450.00 05/01/2032 1,015,000 3.750% 105,843.75 1,120,843.75 11/01/2032 86,812.50 86,812.50 1;207,656.25 05/01/2033 1,055,000 3.750% 86,812.50 1,141,812.50 11/01/2033 67,031.25 67,031.25 1,208,843.75 05/01/2034 1,095,000 3.750% 67,031.25 1,162,031.25 11/01/2034 46,500.00 46,500.00 1,208,531.25 05/01/2035 1,140,000 4.000% 46,500.00 1,186,500.00 11/01/2035 23,700.00 23,700.00 1,210,200.00 05/01/2036 1,185,000 4.000% 23,700.00 1,208,700.00 11/01/2036 1,208,700.00 20,320,000 6,882,674.38 27,202,674.38 27,202,674.38 PRAG 16r1A2 N_ 4) d a •M O z M w 6 A U co Xi `n so O so so so co 0 00 )0 0o M o vl to N y� f4 c4 C- C- an t- co 41 N1 tN Na '0 O N h CV — '�- ,-+ M 00 CV C+i CV Oi M 4 O O sO M l: M M V' NO T N VD V) et 00 d' V1 V1 V' M N et O. N O Cin+ et O' en Oh DMl per- 'o oo an A§ �" O .b O O n V• t- r M O O O O O .ham. b '0 b 'O .i Nr. N C'.: g . r a 5 co›.' 4, 4) an Ni M M en Ni M Ni M CO 00 00 co O O O O 00 00 00 CD 00 00 V) V) an to O O an V1 p 0 O U .D VD b b V0 ,-. — 1D VD 00 X000�000 Napo 10� 0 an V) co co co OM M �Np�Nph N V) V) N N pOp �"' N 8 ? 00 to to N Os O1 O) 08 N N hh O d' A O O v �NN-. Cn MO VV'' 'A OO�� FA �n�O �D O) N M M N N N V) M M .-.U O) ct ct d- d' t� 1--.N N CO 00 N N N N 17 t--..1O N l� t� 4O S.C.Co 00 00 00 0 0 an N vD 't0 so 7 O.O an an an h N O) O)p1 d' h h O VI M en V1 O 50 t-N sail V) -.s0 O h a 00000 ND N d' et N V CD 00 o00 VPOs r CO N 00 N 00 Cr b 10 d' 4) M M M co) to N to N d-.N �N or.N d..N 41...--, N .-. O oo U V) 4) 44 -O 4. 0 CO U 4)) 4y 7 00 O T. 4$ u Gi Q,' O M 0 C CJ NG ~L� p Q .0 W I1hI' Q c h ou w Acnoo � . ij to ,ael to VI C) 5 cil N 5 s O N F("�+ W O q R 0 m M M M 01 m.m m M CO CO 00 00 CD 0 0 CD co o0 00 co oo oc an V) V1 an O O V) V1 O y Z (J ,1) 2 "‹ O .0 V b vD•D t0 vD •-• �D)D 00 0o 00 Co O O V)V1 O o0 00 W M m N N h h V) V1 N N O y �j p hp0o00Mmvi )b D 0 Dhhhh sh cF D �p MMN_ � - -C �j cd 4) H as � N a 1? O)0. h V1 .:2, .1?;O.a O)0. N N Ni Ni CV N N N Cn cn 00 ct v Ni N10 Ca h —CT O) cr ct V h r N N 0000NNN N h h sO so h t-- soo00o000 ooOO V) C) o 4. i5 N b — VP VD Cr O.O V1 Vf Vt N N O Ch O1 V h N d' CA CD V1 Ni M V) O'D -t-N VD 00 4) O 0 ND V) E ND O h ON 00 00 0 b N et V N t.'1 O 00 0o O'O N NO,00 N 0 O N 00'd'1/40 b � t7 m Ni m �M.."N N N ct N N 4;,N •ct._:— t�— ._,�— ... -. y .- r cd x N I C yy Ni M M M Ni M M M M aC 00 OC 00 0 0 0 000 00 00 00 00 00 to an an V) O O to in O C N y <t`O)D•D b N0 —: — )O)O 00 oo oc 00 O O V)Vy 00 00 00 00 M en N N t- (- V) 41 N N O l^ o O O O O M Ni V1 an .D v0)D 40 vi Vi N C- � iD '0 Ni M(V N — 0 V o 1 NG1'V' 70\CN to V)V04001 oN O)Co N N M M N N N N M M 007 M M O h —O\O) d' et e e h I-- N N o0 00 N N N N h l.'O 50 I N t� '0 ;D o0 0000 CO O O an 4) h 10'0'0 V V O O an an"t`h O) 01 U r-h R O O Ni M an an)D se h t�)D W I )O N 0 0 co 0)co 00 10 V0 et et N N 0 0 00 00 'O VD et 't N N O O co op)D)O ' M on on en M Ni N N N N N N N N Cl N N N • CD CD 0 0 0 0 0 0 CD 0 0 0 0 CD CD 0 a an an o an to o to o an O v) to o 1n to an- ' n •Z N d' h O) N1/4c0 0 Cn h N 10 d- co .-. N O. O O O O N N Ni co 0OO O O 0 ,--. r ., .. .-. r r a >, .0 .O 0 0.0 co O)O)O CC[�Dt — — N N M en C(C�rj 11 V1 'O)DN CC(S�j00 oo ch CA OO .--- -. N N MM �' d 0. O O O O O O D O O O O O p O O O Ti NO O O O O CDN CDN C 0 0 0 co,C 0 0 0 0 -.2 QQQQQQQQQQQQQQQQQQQQQQQQQQQQ -(Zi.. A r 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 6 a .-. to 1n .-. y1 .+ to —; 1n .-.V) —; to •-. Y1 r. v1 ,i+n —• 1n .-. 1n a•-• V9 .r N 1n--,h — o --o —o .- o •— o-- O -- O -- CD --CD -- oro •o --• o•-• o — o — o --o h tr. w 0 N ..r N C- O a�wa M 1611AZ cd a M co W Q Q U es ti o o . o x 6zl N 47 CD Cci0 N .D O E N A 5 z cd Z 2 000 0 as rn 0 M M -0 .o oONO O N 0 O N 0 .o U N . N O n uN o O 00 O O 1--, ZU B W Q; Vl V1 4.9 O cn o Y GD .ti C Qd ¢ O . 0o n h EON bUoNJ ' ow v,o cH m - > . w $ - N W ci cn 000 '0 .° H <4'o ano a+l U C 0 cov y f°• WUo < o8o8o z p . o00n ) ° n 0 0 aai .nt� l— .o C w v] ,n o0" i 00 a) 0 .O o rr00 N O O N N c .r � A N' a o6E N Qa 00 . 4) co O co M G ti' ir. E OOO 1- N ~ cl- N N 0000 00 sri S 0 0 00 0 0 U 0 F. o-0000 N C a oM Cl 0. .D 0 , M'M 0 O 0 0 O y N N N N a 0 o 00 o G in -- 'n a O 0 4 o N W III N AP.- 0 •i u. nil 1 6 I 1 A a Feb 28,2018 4:47 pm Prepared by PRAG (Finance 8.000 p:\...\heritage bay\numbers\HeritageBayCDD:FIN03) Page 14 BOND SUMMARY STATISTICS Heritage Bay Community Development District Capital Improvement Revenue Refunding Bonds,Series 2018A-1 Dated Date 04/12/2018 Delivery Date 04/12/2018 First Coupon 11/01/201 X Last Maturity 05/01/2036 Arbitrage Yield 3.818171% True Interest Cost(TIC) 3.980565% Net Interest Cost(NIC) 3.916152% All-In TIC 4.115096% Average Coupon 3.605786% Average Life(years) 11.250 Weighted Average Maturity(years) 11.227 Duration of Issue(years) 9.112 • Par Amount 16,400,000.00 Bond Proceeds 15,950,388.45 Total Interest 6,652,514.45 Net Interest 7,225,126.00 Bond Years from Dated Date 184,495,555.56 Bond Years from Delivery Date 184,495,555.56 Total Debt Service 23,052,514.45 Maximum Annual Debt Service 1,673,193.76 Average Annual Debt Service 1,276,951.10 Underwriter's Fees(per$1000) Average Takedown Other Fee 7.500000 Total Underwriter's Discount 7.500000 Bid Price " 96.508466 Par Average Average PV of 1 bp Bond Component Value Price Coupon Life change Series 2018A 16,400,000.00 97.258 3.606% 11.250 14,140.85 16,400,000.00 11.250 14,140.85 All-In Arbitrage TIC TIC Yield Par Value 16,400,000.00 16,400,000.00 16,400,000.00 +Accrued Interest +Premium(Discount) -449,611.55 -449,611.55 -449,611.55 -Underwriter's Discount -123,000.00 -123,000.00 -Cost of Issuance Expense -188,730.46 -Other Amounts • Target Value 15,827,388.45 15,638,657.99 15,950,388.45 Target Date 04/12/2018 04/12/2018 04/12/2018 Yield 3.980565% 4.115096% 3.818171% PRAG 1 6 1 1 A e Feb 28,2018 4:47 pm Prepared by PRAG (Finance 8.000 p:\...\heritage bay\numbers\HeritageBayCDD:FIN03) Page 15 DETAILED BOND DEBT SERVICE Heritage Bay Community Development District Capital Improvement Revenue Refunding Bonds,Series 2018A-1 Dated Date 04/12/2018 Delivery Date 04/12/2018 Series 2018A(BONDIAI) Period Ending Principal Coupon Interest Debt Service 11/01/2018 314,229.98 314,229.98 11/01/2019 75,000 2.000% 567,706.26 642,706.26 11/01/2020 75,000 2.000% 566,206.26 641,206.26 11/01/2021 80,000 2.250% 564,556.26 644,556.26 11/01/2022 85,000 2.500% 562,593.76 647,593.76 11/01/2023 1,125,000 2.750% 546,062.51 1,671,062.5! 11/01/2024 1,160,000 3.000% 513,193.76 1,673,193.76 ' 11/01/2025 1,195,000 3.125% 477,121.88 1,672,121.88 11!01/2026 1,230,000 3.250% 438,462.50 1,668,462.50 11/01/2027 1,275,000 3.375% 396,959.38 1,671,959.38 11/01/2028 1,320,000 3.500% 352,343.76 1,672,343.76 11/01/2029 1,365,000 3.500% 305,356.26 1,670,356.26 11/01/2030 945,000 3.625% 264,340.63 1,209,340.63 11/01/2031 980,000 3.625% 229,450.00 1,209,450.00 11/01/2032 1,015,000 3.750% 192,656.25 1,207,656.25 11/01/2033 1,055,000 3.750% 153,843.75 1,208,843.75 11/01/2034 1,095,000 3.750% 113,531.25 1,208,531.25 11/01/2035 1,140,000 4.000% 70,200.00 1,210,200.00 11/01/2036 1,185,000 4.000% 23,700.00 1,208,700.00 16,400,000 6,652,514.45 23,052,514.45 PRAG 16 % lag Feb 28,2018 4:47 pm Prepared by PRAG (Finance 8.000 \heritage bay\numbers\HeritageBayCDD:FIN03) Page 16 BOND SUMMARY STATISTICS Heritage Bay Community Development District Capital Improvement Revenue Bonds,Series 2018A-2 Dated Date 04/12/2018 Delivery Date 04/12/2018 First Coupon 11/01/2018 Last Maturity 05/01/2022 Arbitrage Yield 3.818171% True Interest Cost(TIC) 2.968890% Net Interest Cost(NIC) 2.936949% All-In TIC 3.439855% Average Coupon 2.277258% Average Life(years) 2.578 Weighted Average Maturity(years) 2.572 Duration of Issue(years) 2.499 Par Amount 3,920,000.00 Bond Proceeds 3,882,725.80 Total Interest 230,159.93 Net Interest 296,834.13 Bond Years from Dated Date 10,106,888.89 Bond Years from Delivery Date 10,106,888.89 Total Debt Service 4,150,159.93 Maximum Annual Debt Service 1,027,225.00 Average Annual.Debt Service I,024,028.50 Underwriter's Fees(per$1000) Average Takedown Other Fee 7.500000 Total Underwriter's Discount 7.500000 Bid Price 98.299128 Par Average Average PV of 1 bp Bond Component Value Price Coupon Life change Series 2018B 3,920,000.00 99.049 2.277% 2.578 959.90 3,920,000.00 2.578 959.90 All-In Arbitrage TIC TIC Yield Par Value 3,920,000.00 3,920,000.00 3,920,000.00 +Accrued Interest +Premium(Discount) -37,274.20 -37,274.20 -37,274.20 -Underwriter's Discount -29,400.00 -29,400.00 -Cost of Issuance Expense -44,333.43 -Other Amounts Target Value 3,853,325.80 3,808,992.37 3,882,725.80 Target Date 04/12/2018 04/12/2018 04/12/2018 Yield 2.968890% 3.439855% 3.818171% 1 PRAG 1611 A2 Feb 28,2018 4:47 pm Prepared by PRAG (Finance 8.000 p:\...\heritage bay\numbers\HeritageBayCDD:FIN03) Page 17 DETAILED BOND DEBT SERVICE Heritage Bay Community Development District Capital improvement Revenue Bonds,Series 20I8A-2 Dated Date 04/12/2018 Delivery Date 04/12/2018 Series 2018B(BOND2A1) Period Ending Principal Coupon Interest Debt Service 11/01/2018 47,497.43 47,497.43 11/01/2019 950,000 2.000% 76,425.00 1,026,425.00 11/01/2020 970,000 2.000% 57,225.00 1,027,225.00 11/01/2021 990,000 2.250% 36,387.50 1,026,387.50 11/01/2022 1,010,000 2.500% 12,625.00 1,022,625.00 3,920,000 230,159.93 4,150,159.93 • PRAG 1 6 1 1 A 2 L w CU vl C NN L Ol CO Ol lD Ln u N m r----- N O 00 00 E I� M W Ql LO M O N d' d' r1 ai -i c 13r- o N O m O `- o O O O 0 0 Q Ta In Ol al d' M N y inin. in. ih in- i/- o = in- in- -Li). in t/? 1/1. C CCI Q t vs N u 4J .0 O 3 C Z Iri E ,n a � a � CD v j 13 t. dr m �r N N 'C y 00 N Ol f� _, V1 n, M N o o O O Y d al I� L(• . 00 O Ss = C U LLD LLO N ufl rr 1 in N O U Cr)MCND uli inn 00 (v1 O 41 CO E 'j O N in d N n )- - d' M u') O N O a0 i r-I N , N m M c-I c-I tomn. N N N <-i i/� W v1 i/} i/} If i/} i/} W {n in in- in- i/? d V ^ N _a N Jo N ....... L. p L 0 ' e U U CU E cn L•1 cu H v1 Q Gl Z ,, a N 0 R N LJ Mo ri U N .--1 c-1 c-1 a \ o o C E C LD• Ol c., UD O d' O i-1 ci c-i ci i-i ci O 0 L c-I N M N 00 CO y- Ol Ol Ol Ol C) Ol a f0 00 c$ •cj 1611At Qualifying to Run for Office 2018 Qualifying Dates Noon,June 18,2018—Noon, June 22,2018 What happens when you go to the Supervisor of Elections office to qualify? You will file a Candidate Oath, a financial disclosure Form 1 and pay the $25 qualifying fee or file a certification for 25 signatures. Qualifying Fees $25.00 (Unless qualifying by petition) Qualifying by Petition In order to qualify by petition and thereby have the qualifying fee waived, a person needs to gather the signatures of 25 qualified voters residing within the District. For more information on how to file by petition contact your County's Supervisor of Elections. The deadline to submit petitions to the Supervisor of Elections is Noon, May 21, 2018. (Candidates must still qualify during the candidate qualifying period.) Please note that petitions may be submitted prior to the deadline. There is a fee of 10 cents per signature or the actual cost of checking such signatures,whichever is less,to be paid to the supervisor of elections for the cost of verifying the signature. The fees must be paid in advance of verifying the petitions. If you want to campaign, you are permitted to do so as long as you do not expend any funds. If you are going to expend money for signage, business cards, etc., even if it is your own money, you must open a campaign account and will need to file the required forms. You will also need to appoint a campaign treasurer and designate a campaign depository. If campaigning,signatures may not be obtained until the candidate has filed his or her appointment of campaign treasurer and designation of campaign depository. Qualifying Officers The Qualifying Officer for Special District Offices is the Supervisor of Elections. * Please contact your local Supervisor of Elections office for more specific information on qualifying. 16112 RESOLUTION 2018-5 A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE HERITAGE BAY COMMUNITY DEVELOPMENT DISTRICT CONFIRMING THE DISTRICT'S USE OF THE COLLIER COUNTY SUPERVISOR OF ELECTIONS TO CONTINUE CONDUCTING THE DISTRICT'S ELECTION OF SUPERVISORS IN CONJUNCTION WITH THE GENERAL ELECTION WHEREAS, the Heritage Bay Community Development District (hereinafter the "District")is a local unit of special-purpose government created and existing pursuant to Chapter 190,Florida Statutes,being situated entirely within Collier County, Florida; and WHEREAS, the Board of Supervisors of Heritage Bay Community Development District (hereinafter the"Board")seeks to implement section 190.006(3)(A)(2)(c),Florida Statutes and to instruct the Collier County Supervisor of Elections (the "Supervisor") to conduct the District's General Elections. WHEREAS, the Supervisor has requested the District adopt a resolution confirming the District's use of the Supervisor for the purpose of conducting the District's future supervisor elections in conjunction with the General Election; and WHEREAS, the District desires to continue to use the Supervisor for the purpose of conducting the District's supervisor elections in conjunction with the General Election. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE HERITAGE BAY COMMUNITY DEVELOPMENT DISTRICT: Section 1. The Board is currently made up of the following individuals: Edwin Hubbard, F.Jack Arcurie, Donna Hunter, Dennis Gagne,and John May. Section 2. The term of office for each member of the Board is as follows: Supervisor Hubbard Seat 1 Expires 2020 Supervisor Arcurie Seat 2 Expires 2020 Supervisor Hunter Seat 3 Expires 2020 Supervisor Gagne Seat 4 Expires 2018 Supervisor May Seat 5 Expires 2018 Section 3. Seat 4, currently held by Dennis Gagne; and Seat 5, currently held by John May are scheduled for the General Election in November 2018. Section 4. Pursuant to section 190.006(8), Florida Statutes, members of the Board shall be entitled to receive for his or her services an amount not to exceed $200 per meeting of the Board, not to exceed$4,800 per year per member. 16 % 1Aa Section 5. The term of office for the individuals to be elected to the Board in the November 2018 General Election is four years. Section 6. The new Board members shall assume office on the second Tuesday following their election. Section 7. The District hereby instructs the Supervisor to continue conducting the District's elections in conjunction with the General Election. The District understands that it will be responsible to pay for its proportionate share of the General Election cost and agrees to pay same within a reasonable time after receipt of an invoice from the Supervisor. PASSED AND ADOPTED THIS 1st DAY OF MARCH 2018. ATTEST: HERITAGE BAY COMMUNITY DEVELOPMENT DISTRICT Ju Faircloth A Edwin Hubbard cretary Chairman 161 1 A 2 Heritage Bay Community Development District Financial Report January 31, 2018 161 U2 HERITAGE BAY Community Development District Table of Contents FINANCIAL STATEMENTS Balance Sheet-All Funds Page 1 Statement of Revenues,Expenditures and Changes in Fund Balance General Fund Pages 2-3 Debt Service Fund Page 4 SUPPORTING SCHEDULES Trend Report Pages 5-6 Non-Ad Valorem Special Assessments Page 7 Cash and Investment Report Page 8 Bank Reconciliation Page 9 Check Register&Invoice Copies Pages 10-20 1 6 I 1 A 2 Heritage Bay Community Development District Financial Statements (Unaudited) January 31, 2018 1 6 1 1 A 2 HERITAGE BAY Community Development District Governmental Funds Balance Sheet January 31,2018 SERIES 2014 DEBT GENERAL SERVICE ACCOUNT DESCRIPTION FUND FUND TOTAL ASSETS Cash-Checking Account $ 1511,504 $ - $ 1,511,504 Due From Other Funds - 1,147,265 1,147,265 Investments: Money Market Account 201,487 - 201,487 Deferred Cost - 21,543 21,543 Reserve Fund - 578,393 578,393 Revenue Fund - 221,230 221,230 Prepaid Items 2,495 - 2,495 TOTAL ASSETS $ 1,707,228 $ 1,976,689 $ 3,683,917 LIABILITIES Accounts Payable $ 42,517 $ - $ 42,517 Due To Other Funds 1,147,265 - 1,147,265 TOTAL LIABILITIES 1,189,782 - 1,189,782 FUND BALANCES Nonspendable: Prepaid Items 2,495 - 2,495 Restricted for: Debt Service - 1,976,689 1,976,689 Assigned to: Operating Reserves 73,625 - 73,625 Reserves-Erosion Control 14,687 - 14,687 Reserves-Lakes 62,500 - 62,500 Reserves-Loan 4,750 - 4,750 Unassigned: 359,389 - 359,389 TOTAL FUND BALANCES $ 517,446 $ 1,976,689 $ 2,494,135 TOTAL LIABILITIES&FUND BALANCES $ 1,707,228 $ 1,976,689 $ 3,683,917 Page 1 1611Ae HERITAGE BAY Community Development District General Fund Statement of Revenues,Expenditures and Changes in Fund Balances For the Period Ending January 31,2018 ANNUAL ADOPTED YEAR TO DATE YEAR TO DATE VARIANCE($) ACCOUNT DESCRIPTION BUDGET BUDGET ACTUAL FAV(UNFAV) REVENUES Interest-Investments $ 400 $ 133 $ 566 $ 433 Special Assmnts-Tax Collector 355,190 333,201 336,037 2,836 Specials Assmnts-Lakes 30A&30B 60,923 57,151 57,637 486 Special Assmnts-Reserves 31,250 29,315 29,565 250 Special Assmnts-Discounts (17,895) (16,786) (16,501) 285 TOTAL REVENUES 429,868 403,014 407,304 4,290 EXPENDITURES Administration P/R-Board of Supervisors 12,000 4,000 6,000 (2,000) FICA Taxes 918 306 459 (153) ProfServ-Engineering 14,000 4,667 38,350 (33,683) ProfServ-Legal Services 7,500 2,500 7,784 (5,284) ProfServ-Mgmt Consulting Sery 41,793 13,931 13,931 - ProfServ-Property Appraiser 6,710 6,710 5,156 1,554 ProfServ-Special Assessment 5,464 5,464 5,464 - ProfServ-Web Site Maintenance 773 258 258 - Auditing Services 3,823 - - - Postage and Freight 2,500 833 274 559 Insurance-General Liability 13,244 13,244 15,389 (2,145) Printing and Binding 1,300 433 1,351 (918) Legal Advertising 3,700 1,233 574 659 Misc-Bank Charges 100 - 1 (1) Misc-Assessmnt Collection Cost 8,947 8,393 8,135 258 Mise-Web Hosting 900 300 - 300 Office Supplies 100 - - - Annual District Filing Fee 175 175 175 - Total Administration 123,947 62,447 103,301 (40,854) Page 2 1 6 I 1 A 2 HERITAGE BAY General Fund Community Development District Statement of Revenues,Expenditures and Changes in Fund Balances For the Period Ending January 31, 2018 ANNUAL ADOPTED YEAR TO DATE YEAR TO DATE VARIANCE(8) ACCOUNT DESCRIPTION BUDGET BUDGET ACTUAL FAV(UNFAV) Field ProfServ-Field Management 11,536 3,845 3,845 - R&M-Contingency 1,187 - - - Total Field 12,723 3.845 3,845 - Lakes and Ponds Contracts-Lake and Wetland 71,200 23,733 24,000 (267) Contracts-Water Analysis 9,861 3,287 - 3,287 Contracts-Water Quality 45,992 15,331 11,498 3,833 Contracts-Lakes 30A&30B 12,000 4,000 4,000 - R&M-Aquascaping 5,000 1,667 - 1,667 R&M-StormwaterSystem 4,000 1,333 - 1,333 R&M-Lake Erosion 24,455 8,152 22,725 (14,573) R&M-Contingency 10,062 3,354 - 3,354 Impr-Lake Bank Restoration 1,813,041 604,347 - 604,347 Reserve-Lakes 31,250 31,250 - 31,250 Reserve-Stormwater System 18,455 18,455 - 18,455 Total Lakes and Ponds 2,045,316 714,909 62,223 652,686 Debt Service Operating Loan Repayment 30,660 8,740 8,737 3 Interest Expense-Note 30,263 884 1,062 (178) Total Debt Service 60,923 9,624 9,799 (175) TOTAL EXPENDITURES 2,242,909 790,825 179,168 611,657 Excess(deficiency)of revenues Over(under)expenditures (1,813,041) (387,811) 228,136 615,947 OTHER FINANCING SOURCES(USES) Loan/Note Proceeds 1813,041 - - - TOTAL FINANCING SOURCES(USES) 1,813,041 - - - Net change in fund balance $ - $ (387,811) $ 228,136 $ 615,947 FUND BALANCE,BEGINNING(OCT 1,2017) 289,310 289,310 289,310 FUND BALANCE,ENDING $ 289,310 $ (98,501) $ 517,446 Page 3 1 6 1 1 A 2 HERITAGE BAY Community Development District Series 2014 Debt Service Fund Statement of Revenues, Expenditures and Changes in Fund Balances For the Period Ending January 31,2018 ANNUAL ADOPTED YEAR TO DATE YEAR TO DATE VARIANCE($) ACCOUNT DESCRIPTION BUDGET BUDGET ACTUAL FAV(UNFAV) REVENUES Interest-Investments $ - $ - $ 2,163 $ 2,163 Special Assmnts-Tax Collector 1,308,564 1,227,550 1,237,999 10,449 Special Assmnts-Discounts (52,343) (49,102) (48,266) 836 TOTAL REVENUES 1,256,221 1,178,448 1,191,896 13,448 EXPENDITURES Administration ProfServ-Arbitrage Rebate 600 600 600 - ProfServ-Property Appraiser 19,628 19,628 19,629 (1) ProfServ-Trustee Fees 5,157 - 1,664 (1,664) Misc-Assessmnt Collection Cost 26,171 24,551 23,795 756 Total Administration 51,556 44,779 45,688 (909) Debt Service Principal Debt Retirement 585,000 - - - Interest Expense 612,180 306,090 306,090 - Total Debt Service 1,197,180 306,090 306,090 - TOTAL EXPENDITURES 1,248,736 350,869 351,778 (909) Excess(deficiency)of revenues Over(under)expenditures 7,485 827,579 840,118 12,539 OTHER FINANCING SOURCES(USES) Contribution to(Use of)Fund Balance 7,485 - - - TOTAL FINANCING SOURCES(USES) 7,485 - - - Net change in fund balance $ 7,485 $ 827,579 $ 840,118 $ 12,539 FUND BALANCE,BEGINNING(OCT 1,2017) 1,136,571 1,136,571 1,136,571 FUND BALANCE,ENDING $ 1,144,056 $ 1,964,150 $ 1,976,689 Page 4 1 6 I 1 A 2 Heritage Bay Community Development District Supporting Schedules January 31, 2018 16 % 1A2 oe e ae ae a ae ae o o ae ae ae ae ae ae e ae a ae ae ae ae ae ae g ae g ae 59 o ooR - A � noo 'on .- .. mmmmmo m ao o 8 ts e m -b '- < 0 e'O. q O r' VicCD rg 8 m o m - P I� o rq n 8 0 m o .hm- CO n ▪ N U a «, 0- N _ O m _ w `,1 5 a. m '" o o iq, r' ro n n o .- r- m_ o .1 CO n QRs 2mg, ..- — m ;-,. .. .. a � .N CO A S i )— L t o d, 4 � Y3P 2 8 288 8388 ' 8Ls sN r m N h H m < Q TS a z «q h € a, c, Y m 8 ^ � °a 2a — • m CO N w V N "d,p ' . 3 ' m . o m ' ' 'g ' ': ! : m o s' M a 00 M 8mm ` 8 Mo "' " -. mv MN v m m S W 01 N m' _ N- w CM TS c C c 03 0 ` c <m ar -- a m - a 2e L11 _ mmmm w �oA8 ' I' i ' 88 ' NN m M X• '- m m LLI CD '`'• m w d• 0 4- a m re 0' N a a m O c ' ' 8 ' 3 $ ' ! 8 ' ' , . o � a n-v�'-Q ., ,0 r E a O a R , ' ' n c� o r 9 m io r� m m 3 . 3 f) 13 3742 '.= o - - .6 m m m 2a Q��+ N T. iii c. o 4. Xi R, $ m • an e , it'i m m m U o Q ir2 m .0 1n C '' CO E °O `$ ` ` 5 0 0 Q O 5 8 g g8. 1? ii _ w 5 y i : iil• Ln CO e z Z 2 ¢' 5 m m m ,, o,a c a > d y A o d o cIi W n c g d c' �' -E ju FFFYAEP' 0 WE 6 [ N na� . < a11ST i, a d ,t z e § g am m N o o tNjSeg - Saaa4n , �1 W E a F CC Q •= U mooeo oo . o § 88888 § om m2 Z:i a mom "4 2 $ o , u ,,7,, m8 " u " 3 " � � I3 "'- s5 161 1 A e oe o ee ee ee ae ie ee ee ee ae ae an an Me e T �o ae e '5 Cc. •p rn m 8 8 O I� 0 8 a 2 2 8 8 8 4 8 8 4 4 m � � 01 m $ m cr. cri co- oor g- elf .- g a N N cn RI a m vy -yy- 'CD w N I- miggi a C aD n e CO CO e M N U O N 8 - W W N- bl N ,..- co _ to tM+]_ o A 0 tD N a `n CD . oc '8. � a � N � � s N g1I — _� a 822§ 83S . • g 83 0 8 �i N • a Q co u M N —'aCO c0 co NN 0. 8 g 2 ffil u s t» no em „ 8 72 � 8 3 P ~ O - cd or tr: N n 1. A c °6 n t _ ``� w n a al p� gg § < g8W o co CO 00 en co ' N N US Q c T W 3 g g g C .. a m . 8 v ._. ffi <� 8 N 7 v to CG ♦Y Cr- vi c ' O O VNV' 1� _.a 00 :r ! : : :: - . , N Mm : m ,L^p9 [� N Q o W ro N N co CV CY) C r p M p VZ. OQMb d � R FI S3 8 V Q �� L $ N _CO co m Y C c y'I to N r m 8 '^. n 8 c m N . a C CCO N a Gi Gi m C w yp� 2" 28 28 or &0 8 d • -[I M N - N cirs3co'', Q CO r "I W CL C N an V [O a ' a Or a U) es aciM o m N N N 0) V 'C �p dY LL .$ M •- Nco o 8 8 8I m m »1 L > y . .o to o La 2o 8 cr e 8 ' . .8I N ? N- <V N or N C NII W NI I G 8 8 8 i 8 ffi EoI P Ni Ni r al a " . 8 _ W8 : CO4 a CO = a - N N Q eCV 03 c0 — gN N co I a C R 00 rt- E s Q 9 m N Cl 8 S € ' a ?- O - , '. V w 6 m .Z o 0 8 c c g aa` d8 H m S $ g N m a) g a l ' m 1 1 B L a 2 _$ ^ N g o y' 2 co c c d W 0 'u 3 g m i w 16 o �, ,1 o ,e w CO a) (9 uu � o y"4 zz 1 ui i 1 — ! fll s~ a i cr LIb 0 W cu F O H Z IL IL ce 8 1611A2 N as a. o Lf) 7 N (0 (C C) Q) 1 g i O N• . O V c0 co up (-9 On y co N CO N N a 2 c - O a) LL En o ER ER CR tR ER ER CR tH D -C2 CD �� IL a) N Off) N CO V ( l.') .CO U- C N N O) Cr N- I,- a- O) CO m w E CO CO N l- Z w N O IX < ER ER ER ER ER 69 CR w 0. CO N M 00 M a CO CD CO M Ln CO ti J N O O n N LCT N V CO CO 0) N a) J U) M O (7) C) nN N. M Y < OCS CO N Ln U J O na co M 69 ER 69 ER ER ER 69 ER s} T. N C)) O O rN� ON ` N M (IC) 1f) C p' N N N O (n 4) 0 C) 7 C >. d C l() co- V fN- ,- M O ai U C .O 0 C LO r M u. 7 E 0 O U C a EH ER to ER ER (R 64 ER LU LL N O N N e V O ct CO N n. o m NO N N N O N :'E) co (r) (b Cc 0, O) O co CO C) O O N- N C) CD 5 0 C 9 N U V N C a) tCO CO C N N 0 U) C > N N CO C) (°- Iffll N W O O C N• C N O U Q fxU T>.'• l .0 �p ER Ch (R ER ER FR ER W U C U O E LL C 61 (C W N N OO) N N— al O N M N 2 M u‘7, V Q) E w U N LO (O N a- M y co 0 u°. -,5°) U To C.1 64 69 ER ER 69 ER fA 9 Q o(0 N CO CC)) LO() L() (p CCO N .O CO N CO N O C y ri Z a - 3 O U C O Cl) D o a ER 69 CA to to to to m CV CCO rN- O COX, VN G .0 O O N N O N N U Q d -0 UI CV N cc) O ;`N) i NM UZO aZQ O z U C ER ER 64 ER EA 64 M w V) N c o U co E °' ° J w 0 l J N ›. d - vv)) a 7 Ln O (n CO a- F J Q u Q N o U N V N M r N M o O COa a) n O Or ,- e- N N O F O O (� W Q Q I- 4) O Q• 0 O O CZ W p K 2 U 1 6 1 1 A 2 HERITAGE BAY Community Development District Cash and Investment Balances January 31,2018 ACCOUNT NAME BANK NAME MATURITY YIELD BALANCE GENERAL FUND Operating Checking Valley National Bank N/A 0.00% $ 1,511,504 (2) Money Market Account BankUnited N/A 0.78% 201,487 Subtotal 201,487 • Subtotal General Fund 1,712,991 DEBT SERVICE FUND Series 2014 Deferred Cost Fund US Bank N/A 0.00% 21,543 Series 2014 Reserve Fund US Bank N/A 0.00% 578,393 Series 2014 Revenue Fund US Bank N/A 0.00% 221,230 Subtotal Debt Service 821,166 (1) Total $ 2,534,156 Note(1) Invested in First American Obligation Fund Note(2) $1,111,325 will be transferred to US Bank in February. Two months of operating expenses will remain in Valley National Bank and the balance transferred to Bank United MMA. Report Date:2/15/2018 Page 8 1 6 I 1 A .e. Heritage Bay COD (Sank Reconciliation Bank Account No. 9727 Valley National Bank-OF Statement No. 01-18 Statement Date 1)3112018 G/L Balance(LCT) 1.511.503.73 Statement Balance 1,512,427.23 G/L Balance 1,511,503.73 Outstanding Deposits 0.00 Positive Adjustments 0.00 Subtotal 1,512,427.23 Subtotal 1,511.503.73 Outstanding Checks 923.50 Negative Adjustments 0.00 Differences 0-00 Ending G/L Balance 1,511,503.73 Ending Balance 1.511,503.73 Difference 0.00 Posting Document Document Cleared Date Type No. Description Amount Amount Difference Outstanding Checks 1/15/2018 Payment 3278 JOHN C.MAY 184.70 0.00 184.70 1(15/2018 Payment 3280 FRANK J.ARCURIE 184.70 0.00 184,70 1(24(2018 Payment 3283 JOHN C.MAY 184.70 0.00 184.70 1/24/2018 Payment 3285 FRANK J.ARCURIE 184.70 0.00 184.70 1/24/2018 Payment 3286 PHILIP J.MAGNARELLA 184.70 0.00 184.70 Total Outstanding Checks 923.50 023.50 Page 9 1611A2 _ o_ O `1 O N m N N N N M O O O 0000000000 O N e N, . , .. . v, rn N O O N n , , n n ti ,, 1- ,, ry o g p) 79 m� � mcoowc�vNoo m ro m ro m $ 'a a R ,-,49119/10 ,- 69 N HTO O N CO 0. r N u7 cel tO SO 49 f9 19 f9 CO 19 49 69 f9 69 69 uj CO 4 f9 64 f9 b9 i9 t9 w w 2 2 a O 00.0. 0. 000 - - 0 0 a M a 0(4 0 M m m N m m M ' m U Q N N N N 9 N N N N 9 N N N 'oo o z J N t�1 cd I.4<O cC A N .- aJ CJ I- N I- 0 M N m N O O O2O N O O 9 p 9 c- 00.- MO_0000000..- 01- 0� ( Ts 2�((�� 12222S23223 .2 2 2 N In 10 3 2 N t0tL LL O G n 0 C0 md N 102 y N° A Nm N flo ce D W r c J so crngyo, M a� O . 0) 760 .21' m y c d d 2g p..., maEnmlimW m _ pOC= c g > Cy Q Lg YJNLLCWJJ ) W00 oJqWC J0 0 0 00 {pps W W W W .5 4 M to 4 is 2s jp V 45 2 2 2 2 ` 0 2 0 0 0 y 2 W a a 0. a a` a 0 a a U U J a a+ t v O z •V N w r 0i 0 01 Of 0) lT 0) m 0) Of m +/ C O U C C C aC G N C C yr N o o m z 7 r r n , _ pg �a o o .E o o E 8 N 0 N a # Z ¢a a a a a a a a S a a a a n ++ a c m Ow m m n n to cn w W 2 2 2 2 2 2 2 2 2 2 Ct, C Na. F- J T T T T T T T Q LL r = D F- U LL LL LL LL LL IX H a s O. a o. a a a a a CO Z I- a Z O 0 m 0 m CO 0 CO CO CO, 0 W T U e W W 1- I- H I-I- to 0 m a= enQ wtn ~ zzzzzz ¢ ¢Z 0 0 0 N 0 0 0 0 0 0 d W t= c ^ U � W 22222ZW wwi- o '^ ar c Tt v v a' 11.) ::- V y < 4`�' co W W W W W ¢ O yi g N N N N N a ; .5)‘- E V zQ w Q Q OQ Q Q Q OQ W H g m m m m m m m A H F a' p y Z w Z Z Z Z 2 Y to Z Z ti c c c c c c ^ c c c m OC C 0vm W > E ° °� d N T V Z f� W J J J J J J J J J J = C a s v 0 0 -.I 0 0 --I 0 0 0 ...1 0 0 w 3 Y o a. po rn rnrnmrnN m R alYRK KaK m N E p N .- CO o o cocto 0 of W W ¢ Q ¢ ¢ Q ¢ Q ¢ ¢ Q OOW We- NNNN N N ,- b O R " 0_ 0_ 0. d a o 0.. 0. 0. d E U 0 o z o a w lr 00 0 ow 51- E2 Z Z W W W2W W 0 ¢ 2 Q Q 0 0 m � U ZZ g g N z O. ❑ > 4Qr� J J CO Z O f 2 ❑ w w ❑ w W Z n < 000000 ZZZ ¢ Z S QZm Q ((Z]� a Q Z U ❑ 0 J J J J J J g Y m ° U (� [0 4 U (7 0 7 L-' w n 2 ¢ _• 2 ¢ 0 2 2_ 2 2 2 Q2 Q2Q z x m m W Z ci to Y a co 0• T Y -,. ti XQ kw Qd a4 R K W w w Z Z Z Z Z Z a J LLIi4.tt_2❑ YYa 3 S z 3 2 z d+ co T m V Z Z Z Z Z Z U Iwl Z W -, O , m w , 0 o_ J 0 c0} N cy0 N N 0 c0 CO CO 00 0O CO tb CO 03 00 m CO N N aO t0 CO L aD « c, O - O O g g g- -- _- -- " N N '' ` N N N N N m g C . 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 ,0 0 0 0 0 0 0 0 o Z V Y 2 LL O Or-03,3 N N to C` c0 CO O N m V N CO 0 N J CO t-• r` nn i nn n r• CO ao c0 c0 co o CO n d S N N N N N N N N N N N N N N N N N N N N N N N N.w N V V m m m m m m m m m m M M m m m m m m m m m m m -/ M Q W W C d Z 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 m o oz W 0 0) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 In N 1611A2 Creekbridge Construction Inc. �� (''; 18781 Creekbridge Ct. CAlva, FL 33920 239-910-3224 creekbridge@a mail.com CONSTRUCTION INVOICE BILL TO INVOICE# 1213 Heritage Bay CDD CIO Severn DATE 10/01/2017 Trent DUE DATE 10/01/2017 5911 Country Lakes Drive TERMS Due on receipt Fort Myers, Fl 33905 • AMOUR: ;' .C]i�E { trt'i s ie 4,T Sa :c nfikv�.c.. A •:S -�� c"a+Fs .. • Shoreline Repair 0.50 43,125.00 21,562.50 750 linear feet along holes 23 and 24. Build a berm to retain concrete.Pour and vibrate concrete to fill void under all areas that are undermined. Rebuild slopes to 4:1 or greater. Replant from 1'above control to 4 feet below control with wetland plant to match existing. Erosion matting will be placed from 1'above control to existing cart path. Hole#27 125 linear feet long by 12 feet wide along the tees. This area will need to be stripped.Fill imported to reestablish the 4 to 1 slope and compacted. Erosion mat installed and then re-soded to the waterline. Bulk head repair along 27 green. Additional area repaired after the water Receded and expose the shoreline. 150 feet 025$per linear foot I split the bill 50% BALANCE DUE $21,562.50 50%CDD 50%golf maintenance Page 11 16112 SEVERN Severn Trent Environmental Services,Inc. Invoice: 25458 2002 West Grand Parkway North Invoice Date: 11/22/2017 TRENT Suite 100 Due Date: 12/22/2017 Katy,TX 77449 Terms: Net 30 Project ID: HERITAGEBAY PO#: Bill To: Heritage Bay COD 210 N University Dr,Suite 702 Coral Springs FL 33071 United States Sales Description Quantity Units Rate Amount Management Fees for the Month Of:November 2017 Administrative Fees I Ea $3,482.75 $3,482.75 001-531027-51201-5000 Field Ops Services 1 Ea $961.33 $961.33 001-531016-53901-5000 Copies 1 Ea $44.00 $44.00 001-547001-51301-5000 Postage 1 Ea $5.52 $5.52 001-541006-51301-5000 Web Hosting 1 Ea $64.42 $64.42 001-531094-51301-5000 Subtotal $4,558.02 Tax(0%) $0.00 Total Due $4,558.02 Remit To:Severn Trent Environmental Services, Inc. P.O.Box 733778 Dallas,TX 75373-3778 Please note our lockbox address has changed. Please include the Project ID and the Invoice Number on the check stub of your payment. 1 of 1 Page 12 Coleman,Yovanovich&Koester, P.A. 1 6 1 1 A 2 Northern Trust Bank Building 4001 Tamiami Trail North,Suite 300 Naples, Florida 34103-3556 Telephone: (239)435-3535 Fax: (239)435-1218 Page: 1 Heritage Bay CDD November 30,2017 c/o Severn Trent Services File No: 6176-001M 210 N. University Dr. Suite 702 Statement No: 37 Coral Springs FL 33071 Attn:Justin Faircloth Gen Rep SENT VIA EMAIL TO:stmsapinvoices@stservices.com Previous Balance $8,888.75 Fees Hours 11/01/2017 GLU Review multiple email correspondence from Bob Koncar,etc.regarding agenda matters; Review agenda materials and prepare for Board of Supervisors meeting; Exchange email correspondence with Chairman on meeting 0.50 162.50 11/02/2017 GLU Review proposed engineering agreements from CPH; Review multiple email correspondence regarding funding and structure of loan;Attendance at Board of Supervisors meeting 3.50 1,137.50 11/0312017 GLU Review and respond to email correspondence from Josh Lockhart regarding work order revisions; Draft revisions to form; Draft email correspondence to Justin Faircloth to update 0.75 243.75 11/06/2017 GLU Exchange email correspondence with Chairman Hubbard on lake use documents 0.10 32.50 11/08/2017 GLU Exchange email correspondence regarding advertisement issue; Review same 0.25 81.25 11/15/2017 GLU Review email correspondence from Wendell Gaertner;Conference call with financing team 0.70 227.50 11/26/2017 GLU Exchange email correspondence with Chairman regarding lake use regulations; Review proposed agreement modifications 0.25 81.25 11/27/2017 GLU Review and respond to email correspondence from Chairman on lake use documents; Follow-up email to Peter Rietz; Review and respond to email correspondence from Justin Faircloth on public records and email communications 0.80 260.00 11/30/2017 GLU Review and respond to email correspondence from Justin Faircloth regarding Bellaire Bay;Review email correspondence from County Attorney; Review email correspondence from Justin Faircloth to John Houldsworth 0.10 32.50 Professional Fees through 11/30/2017 6.95 2,258.75 Total Current Work 2,258.75 Page 13 1611 A2 Page:2 Heritage Bay CDD November 30,2017 File No: 6176-001M Statement No: 37 Gen Rep Payments Total Payments Through 12/13/2017 -8,888.75 Balance Due $2,258.75 Page 14 16iitte inframark,LLC Invoice: 26132 6INFRAMARK 2002 West Grand Parkway North Invoice Date: 12/20/2017 Suite 100 Due Date: 1/19/2018 Katy,TX 77449 Terms: Net 30 Project ID: HERITAGEBAY PO#: Bill To: Heritage Bay CDD 210 N University Dr,Suite 702 Coral Springs FL 33071 United States Sales Description Quantity Unita Rate Amount Assessment Roll Service 1 Ea $5,464.00 $5,464.00 Subtotal $5,464.00 Tax(0%) $0.00 Total Due $5,464.00 Remit To:Inframark,LLC P.O.Box 733778 Dallas,TX 75373-3778 Please note our lockbox address has changed. Please Include The Project ID and the Invoice Number on the check stub of your payment. of °age 15 161 1A2 Inframark,LLC Invoice: 26199 {)iNFRAMARK 2002 West Grand Parkway North Invoice Date: 12/21/2017 Suite 100 Due Date: 1/20/2018 Katy,TX 77449 Terms: Net 30 Project ID: HERITAGEBAY PO#: Bill To: Heritage Bay COD 210 N University Dr,Suite 702 Coral Springs FL 33071 United States Sales Description Quantity Units Rate Amount Management Fees for the Month Of:December 2017 Administrative Fees 1 Ea $3,482.75 $3,482.75 001-531027-51201-5000 Field Ops Services 1 Ea $961.33 $961.33 001-531016-53901-5000 Copies 1 Ea $702.95 $702.95 001-547001-51301-5000 Postage 1 Ea $5.52 $5.52 001-541006-51301.5000 Web Hosting 1 Ea $64.42 $64.42 001-531094-51301-5000 Subtotal $5,216.97 Tax(0%) $0.00 Total Due $5,216.97 Remit To:Inframark,LLC P.O.Box 733778 Dallas,TX 75373-3778 Please note our lockbox address has changed. Please Include the Project ID and the Invoice Number on the check stub of your payment. 1 Page 16 i6It IfS Invoice Tog So,,, tions Inc. Specializing in Tax-Exempt Bond Services Invoice #: 001299 Invoice Date: 10/19/2017 2172 W. Nine Mile Road# 352 Pensacola, FL 32534 Phone# 850-754-0311 E-Mail liscoil@listax.com BiR.To: Heritage Bay Community Development District c/o Severn Trent Mgmt.Services 210 N. University Drive, Suite 702 Coral Springs, FL 33071 P.O.Number: Description Amount Total Billing for Arbitrage Services in connection with the$17,490,000 Heritage Bay 600.00 Community Development District(Collier County, Florida)Capital Improvement Revenue Refunding Bonds,Series 2014—Arbitrage Calculation for the period ended August 12,2017. Total $600.00 Terms:Due and Payable upon reciept. Mail checks to LLS Tax Solutions Inc.2172 W.Nine Mile Road#352,Pensacola,FL 32534 Please include invoice member on check, Paye 17 16I1A2 @pllD 500 West Fulton Street Sanford,Florida 32771 Invoice Phone:407.322.6841 Justin Faircloth December 15,2017 Heritage Bay Community Development District Project No; H13604 CIO Severn Trent-North America Invoice No: 106264 5911 County Lakes Road Ft.Myers,FL 33905 Heritage Bay Lake Bank Restoration Naples,Florida(Collier County) &pf sionei Serviets thrgtr h November 19,20_11 Fee Percent Previous Fee Current Fee Billing Phase Fee Complete Billing Billing Topographic Survey 6,000.00 100.00 6;000.00 0.00 Final Design 18,400.00 100.00 18,400.00 0.00 Lake 28 to 30A Repair 4,500,00 100.00 4,500.00 0.00 Pre-application Meething 750.00 100.00 750.00 0.00 Meetings 3,200.00 100.00 1,700.00 1,500.00 Total Fee 32,850.00 31,350.00 1,500.00 Total Fee 1,500.00 Total this Phase $1,500.00 Limited Site Plan Application Services Professional Personnel Hours Rate Amount Sr.Project Manager 1.50 150.00 225.00 Totals 1.50 225.UU Total Labor 225.00 Billing Limits Current Prior To-Date Labor 225.00 4,275.00 4,500.00 Limit 4,500.00 Total this Phase $225.00 Bidding Administration Services Professional Personnel Hours Rate Amount Sr.Project Manager 3.75 150.00 562.50 Project Coordinator 2.25 90.00 202.50 Clerical it .25 60.00 15.00 Totals 6.25 780.00 Total Labor 780.00 Page 18 1611AZ Proiect H13604 Heritage Bay:Lake Bank Restoration Invoice 106264 Billing Limits Current Prior To-Date Labor 780.00 4,391.25 5,171.25 Limit 6,00(100 Remaining 828.75 Total this Phase $780.00 Unit Billing 2017 Mileage 40.13 Black&White Plots 24X36 6.72 Black&White 11X17 10.40 Color Copies 11X17 7.70 Color Copies 8.5X11 64.25 Black&White 8.5X11 10.75 Total Units 13995 139.95 Total this Phase 5139.95 Total this invoice $2,644.95 Services provided this period include: New exhibits for CDD,complete bid award. CPH,Inc. A0/:". .! "4/474/€2.40-&--, Page 19 1 6 I i A 2 Unbilled Detail As of 11/19/2017 Friday,December 15,2017 12:04:47 PM Billing Employee! Hours/ Billing Billing Labor Status Date Reference Description Units Rate Amount Category Project Number:H13604 Heritage Bay:Lake Bank Restoration Phase Number.XXP Expenses Principal Name:Lockhart,Joshua Units: B 11/5/2017 000000000213 Ft Myers 6:0 10.0 11X17 B&W G 0.20 10.00 .200 2.000 B 11/5/2017 000000000213 Ft Myers 8:05 12.0 8.5X11 B&W @ 0.05 12.00 .050 .600 B 11/5/2017 000000000213 Ft Myers 8:05 63.0 8.5X11 B&W @ 0.05 63.00 .050 3.150 B 11/5/2017 000000000213 Ft Myers 8:5 22.0 11X17 CLR @ 0.35 22.00 .350 7.700 B 11/512017 000000000213 Ft Myers 11.25 257.0 8.5X11 CLR @ 0.25 257.00 .250 64.250 B 11/12/2017 000000000327 Ft Myers 8:05 71.0 8.5X11 B&W @ 0.05 71.00 .050 3.550 B 10/22/2017 000000000545 Ft Myers B:0 41.0 11X17 B&W @ 0.20 41.00 .200 8.200 B 10/22/2017 000000000545 Ft Myers 6:05 10.0 8.5X11 B&W@ 0.05 10.00 .050 .500 B 10/22/2017 000000000545 Ft Myers 8:05 43.0 8.5X11 B&W @ 0.05 43.00 .050 2.150 B 10/18/2017 000000000702 J.Morales B:35 75.0 17Mileage @ 0.535 75.00 .535 40.130 6 10/29/2017 000000000719 Ft Myers 8: 1.0 9&WCopy @ 0.20 1.00 .200 .200 8 10/29/2017 000000000719 Ft Myers B:5 3.0 8.5X11 B&W @ 0.05 3.00 .050 .150 B 10/29/2017 000000000719 Ft Myers B:05 13.0 8.5X11 B&W @ 0.05 13.00 .050 .650 B 10/29/2017 000000000719 Ft Myers B:6 7.0 24X36PIots @ 0.96 7.00 .960 6.720 Total for 628.00 139.950 Total Billable Units 628.00 139.950 Total Units 828.00 139.950 Total for XXP 628.00 139.950 Page 20 16 % 1A2 E s wa.z,A L - 5a -' a E m g ° vg�E m E6 Tisi`nN� ° g 60� wv E s 8 . �e 8cga w o e E m w y m LL_E :� 1 2 - w s 1 a ° R ht9 °9 ▪3gg�� U g 2.oa • Ka€ 10 u c 2 Fil Vj "6m =6� W E @ i` ,a o c S ,.c S+�'i : - OEEuS EE E 77-, I I $ i 2 �3 s '�« Aa'p ...h et j.e�.k n II E g $$ I m 3 m a `w' asm N E i g$ �'3rya�� a� Pu' & v { t LL " I B B &"^' g 'Em#a ry o �: E@ i N F P i E ; S af1 ;(13 b �. & c v t B� ai $EH v E VI eEEEOEEE f.. E E a c .1 pgk r z. &y LL 'Es"r. 1 =u .`0-2 eeomzpmc z , $ 0 3 Y.€ ..a S S r• 4 S S & 4 w 4 4 0. l r ] T as w Y w s 3! 33 Y a EE �' E' E E a 1g g o o g M 3 3 3 3 3 i . 3 a .- a e g N 8 O N V O A 8 8 S 8 D 3 O g 8122 L ,. 8 2 a W 5 Q dcrw w nn 0o S a q a w _ �?o — Ws q — . — . _ ❑m . c.,21 M E • • W o • • • e • 88 ON � < 8 M O8 Q o j {^ m ^ N N C H OpN S N o b SN - Y . O N N ; 8, U Q S 8 8 8 8 8 8 S 8 7 8 8 8 8 $ 8 8 8 '4 '4 o N § m a $ m o R n o S m Q N 8 E °d o �o - v N (V as v o o u'°i a 'fit m m to . n r n 5 8 8 8 i- 5 " , 0 0 0 r r �. m 88 m Q a e a x 3 e. N S o & & 0 9 i .4 aB a x N Y$ Q x 41 pe 4` C N T E .. N E y� C C a m J 42E E @ ^ K h ? p a T SS a Y a_ $ g k. 55 E E .5 E E o o 3 s =o 4 & 3 v t g e 6. 2 n " a a2 tS12 8 § y aoO 81uav o ` o v ov 8 S rR o 9 w ` w a 9 $ = go - c a = m v o EC m E 2 a Y Y 3o5 oyE Y g' 5 - 0E S g oy e 3 3 u 3 o 0 w8 E 3 o °g = - - 8x a $ $ S 3CO CO CO 8s EA v 3 u d ab& 6 b uM ai di q i S g u 5 5 0 d o cil 1 6 1 1 A 2 co a a m M QS CO W 0 O Z a 03 m T n, y ax i- <a E- V) ii c o ' o o CNI Ill ID ti 10 o M O W 1- CO N U) CO e:iU, 01 t0 t0' CO W M ❑ m Z N N O V O O to O NO O . ei 0 c0 N- o CO J h CO N U) C) Q M 0) O (0 (D CO (0 Q E E (I) 0 Z w (+ > U 82 o• 40 rott Qa CLa a 4- Ca 0 o t w PI 00 N N- N N < a o 0 0 -- < Q d N N N .c .N 23 Q to N (`I Mt ICI 1-- V o d a - a CIS -J w V 0 O , i a CO Lio Ctt 4° M CC a 0. M A. a` 2 CO 10 0 o 0'^ ° Q o e c Na) m W 0 O N d > M ` U ea W 3 Y w a 0. o C N m Q1 (q Q 01 U (0 C Q 4 co 0 3 O 10 O O J I O Z O F 1 I- • 161 1 A e 6INFRAMARK INFRASTRUCTURE MANAGEMENT SERVICES Heritage Bay CDD 2/16/18 — Field Management Report www.inframarkims.com Inspected on:2/16/18 by:Tim Hall/Lynn Jackson 1 6 1 1 A 2 1. Lake Management The water levels are a little lower from the last visit.The steady decrease in lake levels indicates that the stormwater system continues to function properly.Additional lake maintenance information is found below; all lake issues are low density unless otherwise noted. a. Algae on Lakes: Medium density of algae on lake 19. Lakes 3,8, 19,&27. b. Littorals: i. Alligator Flag in Lakes: None noted G. Rocks: No new issues observed. d. Weeds: Alligator Weed in Lakes: No new issues observed. Brazilian Pepper: Seedling peppers noted next to Lake 10 by#3 Tee. Also,growing by L6/L20 structure. k4 '�11 • iii. Cattails in Lakes: No issues observed. iv, Climbing Hemp Vine in Lakes: No issues observed. Dollar Weed in Lakes: No issues observed. vi. Hydrilla in Lakes: No new issues observed. Inframark Monthly Management Report 1 1 6 1 1 A e ✓i'. Illinois Pond Weed in Lakes: 5,6, 10, 11, 12, 14, 19,26, 30A,&30B. Less weeds were found from the last visit in lakes 30A&30B due to treatment. viii. Palms on Lake Banks:A palm is starting to grow on lake 19. , ,av ix. Red Ludwigia in Lakes: 3&9. x. Sedges in Lakes: No issues observed. xi. Spatterdock/Lily Pads in Lakes: No issues observed Inframark Monthly Management Report 2 1611A2 xi'. Torpedo Grass in Lakes: 4,5,9,10, 11, 14, 15, 18, 19,21,26,27&30A. Worst infestation was in the north littoral shelf of Lake 30B which has been sprayed. Will continue to monitor as some regrowth was already noted—see the before and after pictures of water in the littoral shelf and the 2nd picture with no water on our last visit. /;iii Various Submerged weeds in Lakes: No new issues observed. e. Trash in Lakes: Debris in SW corner of lakes 27&24. • *4061 „. rlaiN i Y fi tts 'O IIAA f f. Bulkheads: No new issues observed. 3 Inframark Monthly Management Report 1611A2 g. Clippings in Lakes: No issues observed. 2. Lake Bank Erosion a. Lake 18: Repaired area has not degraded but steep slope is still of concern for future erosion. Lake 6: Exposed and broken irrigation in southeast corner of lake. :. Lake 19:The damaged areas on the east bank have been repaired but riprap area at south end has underlayment exposed. Some erosion also noted along west bank by#26 fairway. A. Lake 28: Irrigation lines were found busted around Lake 28. One area was adjacent to Hotwire sod replacement and another issue was observed west of Lake 28 located about Inframark Monthly Management Report 4 1 6 1 1 A 2 20-25' north and west of the first site. If not repaired these issues could lead to erosion concerns for the lake bank. 3. Storm Drainage System Control Structures: I. Basin 1: Control Structure L3L10 was barely flowing. Lot of grass clippings inside. ii. Basin 2: Control Structure L6L20 was not flowing.Control Structure L12L20 was not flowing. Brazilian Pepper growing by Structure. iii. Basin 3: Control Structure L25L30 was not flowing. iv. Basin 4& 5: Control Structure L28L30 was not flowing. v. Basin 6:Control Structure L3000003 not flowing. Control Structure L30000O2 was not flowing,but it had a lot of torpedo grass&pond weed growing under it. The canal needs to be treated before the summer rains begin again. i„.2 aujilf b. Drains: No issues observed. c Roadway Catch Basins: No issues observed. d Catch Basins: No issues observed. e. Inter Connect/Drain Pipes: No new issues observed. f. Illicit Discharges: No issues observed. Inframark Monthly Management Report 5 16I1A .e g. Lake Drainage Pipes: Cracked pipe noted at south end of lake 9. 4. Fish/Wildlife Observations: ®Bass I I Bream I 1 Catfish E Gambusia ®Egrets n Herons 1 I Coots I I Gallinules ®Anhinga Fl Cormorant n Osprey ® Ibis E Woodstork n Otter J Alligators n Snakes ®Turtles n Other: Red-shoulder Hawk,Wild Turkey .'I.Irlr-io,,'' ,7,-;,,, '" tioilL.. Inframark Monthly Management Report 6 16110 5. Residential Complaints/Concerns: Hotwire installing fiber optics behind houses. Picture on lake 11—keep an eye on the workers so they don't disperse their extra dirton the rocks, see 2nd picture. ^¢ 4 j ""'Y' "F4'�` sd'Y �}y.wW'°t" u-&rdM �`' '#`g' f S^s ft :.y ,,..,,,,,44,73„:‘,,... ,.,....... ,,40,,,,,,,..7.4x:_ ,,,,,, ,...,„:,, ,:.. ip s •` tom* �r"� a " ' v c .- �a' ' `, .� sd �l7 A' a _ '' u .r u" ,a ,' f tl �"R''"� er Pond 10—Hotwire has dug up fiber optic on edge of lake;monitor area to make sure that erosion does not start. A couple of irrigation concerns also noted from Hotwire installation near Lake 28. w .1°.::;,,,e: ,;,, y1Yv' ' st .y,"4" - �-,. 6. Non-CDD Issues: Lawn drain cover missing at north end of lake 17 by hole#22 fairway.Cover missing on east side of the main entrance. irf i' a*144. xf y.y-¢+ ,--',441; .%. ^ 8 <S ,-,7-1.-., .,..,-.47.f.-, ..i': ,y may: Ty ' . Tt , .jKrKY :-'1714,.":".;:, A ' cf. y., 4It6 a -_ W , ' ' i ' ox. 'ivs d+ 3 r...*: 7 Inframark Monthly Management Report woo puol{aMpuoalol'MMM • w07puohaMpuoarl u�4s o0NsaM . xoj 0969-ELE(6EL) • eD910 L '69-CLE(6EL) odwolopuojJQ'0u1 '}uewe6ouow puol}eM pulp ari IIaD TTL8-08S (6£Z) woD•pue1TaMpueD)1ei@saJAv•olezuoD 'Dui 'edwel-opuelJO Tuawa5eueN pueliaM pue a>121 saJAy olezuo9 .54,7,---,:6- inoA Nuegl •aneq /yew noA leg; suJaDuoD Aue pue nod( oT papJodaJ swalgwd Aue Jo mom' sn Ta! aseald 'YOE a)!2l WOJJ paaMpuod Tno ajleJ oT gTZi •qad a3!suo osle sem man punOJ6 au. '90£ PUe VO£ same' u! paaMpuod aq4 6ugsanJeq q40£ PUe g46Z 'ue( aT!suo sem JoxnJT aql .uo!T!puoD pooh u! aie sale! agT 'ileJanO •uo!TDadsu! s!qT bupnp pods He sAa)IJnT PHM pue Jaap 'sJoTe6!!IV < ad!IPI!M '3 (8T/S/Z uo paTeaJT 9 a)12I) b a)Iel u! AT!suap flews : sale! u! 2.121.0 Q 90£ 'YO£ 'LZ sa)lel U! AT!suap wn!paW : swIel u! paaMpuod Q 9Z 'ST 'ET'S sa)Iel u! AT!suap flews : same! u! sseJ6 opadiol Q panJasgo sanss! ON : sa)Iel u! TJOMJappelg < (8T/S/Z uo paTeaJT 8Z ailel) panJasgo sanss! oN : sa/eI u! elI!JpAH panJasgo sanss! ON : sale! u! sl!eTTeJ < pamasgo sanss! oN : sa)Iel uo PaaM JoTe6!IIV < spaaM '8 T!s!n Txau uo paTeaJT aq II!M - panJasgo ae5le o!uoplueld ;o AT!suap flews - OZ a)Ie-I 8 :Jaddo] bu!sn ae61d Jo4 paTeaJT saNe-I < aeblbr 'y •AIuo uo!TDadsu! a>le1 - 8TOZ '6T LJenJgaI AepuoN paaaldwoD aD!AJas TuaDaJ TsoN uWdliosaa xed OZTL-StZ (6£6 S06£E eP!JOIJ 'sJaAW TJod a3!JJO 8T TL SiiZ (6£Z) an!JO swIe1 /uTunop TT6S ©gToIDJ!e; u!Tsn[ wo/-I TD!JTs!Q Tuawdolanap ;!unwo0 eg a eT!JaH LTolDJ!ed ulsn[ 'JN 8TO7 '6T AJenJgad 121Od321 NOI1D3ddSNI 1N $ 1A1 $ 9VNVL' Pti8i' aBed epual5v 2V1191 1611A2 Manza, Diane To: Manza,Diane Subject: FW:Heritage Bay CDD - Follow Up Agenda Item Parcel 2417000025 From:Susan Byeimailto:sbye@collierappraiser.com] Sent:Wednesday, February 14,2018 10:05 AM To: Faircloth,Justin<Justin.Faircloth@inframark.com> Subject:RE:Heritage Bay CDD-Parcel 2417000025 Good Morning Justin, I had the deed cleared by mapping and changed title on Parcel#24171000025 as requested per the deed.The change should be reflected on our website tomorrow. Since the property is valued at$100.00 it is not taxable.Therefore no paper work is required by the Tax Collector's office. I do apologize for the delay.If you have any questions, please let me know. Best Regards, Sue Sue Bye Collier.Property Appraiser Records Department 3950 Radio Road Naples, Florida 34104-3750 Phone: 239-252-8709 Fax: 239-252-8196 E-mail: sbye@collierappraiser.com 1 1611U MINUTES OF MEETING HERITAGE BAY COMMUNITY DEVELOPMENT DISTRICT The regular meeting of the Board of Supervisors of the Heritage Bay Community Development District was held on Thursday, March 1, 2018 at 9:00 a.m. in the Heritage Bay Clubhouse, 10154 Heritage Bay Boulevard,Naples, Florida. Present and constituting a quorum were: Edwin Hubbard Chairman John May Vice Chairman Jack Arcurie Assistant Secretary Dennis Gagne Assistant Secretary Donna Hunter Assistant Secretary Also present were: Justin Faircloth District Manager Greg Urbancic District Counsel Jeffrey Satfield CPH Wendell Gaertner PRAG Resident The following is a summary of the actions taken at the March 1, 2018 Heritage Bay Board of Supervisors meeting. FIRST ORDER OF BUSINESS Roll Call Mr. Faircloth called the meeting to order and called the roll. SECOND ORDER OF BUSINESS Approval of Agenda On MOTION by Mr. May seconded by Mr. Arcuric with all in favor the agenda was approved as presented. THIRD ORDER OF BUSINESS Public Comments on Agenda Items Hearing no comments from the audience,the next item of business followed. 1611A2 March 1, 2018 Heritage Bay CDD FOURTH ORDER OF BUSINESS Engineer's Report A. Water Testing Report • CPU presented an updated report. The Board expressed concerns observed with the report. It was suggested CPI-1 with various staff meet with Mr. Gagne before the next report is completed. This meeting will take place on March 20, 2018 at 10:00 a.m. The revised report will be reviewed at this meeting as well; and if the report is accepted it will be presented at the April meeting for acceptance by the Board. B. Bathymetric Update • CPH will present dates for review at the meeting with Mr. Gagne. • Mr. Satfield reported all the permits have not been obtained for the scheduled work. The South Florida Water Management District is requesting a new permit and Mr. Satfield is scheduled to meet with them to see if a permit modification will be sufficient for the work being performed. FIFTH ORDER OF BUSINESS Attorney's Report A. Loan Update—PRAG • Mr. Gaertner gave an update and reviewed a cash flow analysis with the Board. On MOTION by Mr. May seconded by Mr. Gagne with all in favor the modified financial advisory fee of PRAG in the amount of$40,000 was approved. • The Board requested the issuance costs be updated from what has been presented to FEMA currently to only include the percentages based on the new money being obtained and not the total issuance costs. B. Public Hearing Discussion • Discussion ensued with regard to communications received in response to the mailed notices. • Mr. Urbancic requested all communication to the Board be included in the public hearing agenda package for review by the Board. i. Communication to Homeowners • CPH will provide a photo of the project from the updated Engineer's Report to Mr. Gaertner for the presentation at the public hearing. 2 1611A2 March 1, 2018 Heritage Bay CDD The record will reflect Mr. Satfield and Mr. Gaertner left the meeting. C. Quality Enterprises Contract Update • Revisions as requested and updates per statute have been made; and the contract has been sent to Quality Enterprises. i. Pre-Construction Meeting Date • A meeting is scheduled for March 7,2018. D. 30A/30B Boating Regulations Update • Current boating in the lakes was discussed. • The District may need to obtain permission to have the buoys installed under the Bridge. Mr. Urbancic will research this issue. E. Stormwater Management Rules and Policies Update • This item was tabled to the April 5,2018 meeting. The record will reflect Mr. Urbancic left the meeting. SIXTH ORDER OF BUSINESS Old Business A. 2018 Summer Lake Bank Project Discussion • Staff commented on areas to be covered with Q.E. for review after the pre- construction meeting on March 7th. • Areas around the tee box of Lake 20 should also be considered. SEVENTH ORDER OF BUSINESS New Business There not being any,the next item followed. EIGHTH ORDER OF BUSINESS Manager's Report A. Approval of the Minutes of the January 19,2018 Continued Meeting and February 1,2018 Regular Meeting Mr. Faircloth stated each Board member received a copy of the minutes January 19, 2018 continued meeting and February 1, 2018 regular meeting and requested any additions,corrections or deletions. Mr. May MOVED to approve the January 19, 2018 continued meeting and February 1, 2018 regular meeting minutes and Mr.Arcurie seconded the motion. 3 1 6 1 1 A 2 March 1, 2018 Heritage Bay CDD • Comments as requested will be added before line 119 of the February 1, 2018 meeting minutes. On VOICE vote with all in favor the prior motion was approved with the February I, 2018 minutes being amended as noted. B. Discussion of General Election i. Qualifying Information ii. Consideration of Resolution 2018-5 Confirming the District's Use of the Collier County Supervisor of Elections to Continue Conducting the District's Election of Supervisors in Conjunction with the General Election On MOTION by Mr. Hubbard seconded by Mr. May with all in favor Resolution 2018-5 confirming the District's Use of the Collier County Supervisor of Elections to continue conducting the District's election of Supervisors in conjunction with the General Election was adopted C. Acceptance of Financials • The financials for the period ending January 31,2018 were reviewed. On MOTION by Mr. Arcurie seconded by Mr. Gagne with all in favor the January 31,2018 financials were accepted. D. Field Manager's Report • The Field Management Report for site inspection conducted on February 16, 2018 was reviewed; a copy of which is attached for the record. E. Lake& Wetland Management Monthly Inspection Report • Discussion ensued with regard to the report and concern of the Board that it does not match with the field report prepared by Inframark staff. • Cuttings being placed on the shoreline from Lakes 30A & 30B was discussed. The Board would like these clippings to be removed promptly and not left to dry out along the shoreline. 4 1 6 1 1 A 2 March 1, 2018 Heritage Bay CDD • Mr.May expressed concern that Lake& Wetland Management is not able to meet the CDD expectations for lake management. F. Follow up Items • Status of items were reviewed with the Board. • There was inquiry about the status of FEMA paperwork submission and State funding. NINTH ORDER OF BUSINESS Supervisors'Reports,Requests and Comments There not being any,the next item of business followed. TENTH ORDER OF BUSINESS Chairman's Comment • Mr.Hubbard inquired about the fiscal year 2019. budget process and schedule. • The draft budget will be presented at the May 3, 2018 meeting for adoption at the June 7,2018 meeting with the public hearing scheduled for September 6,2018. ELEVENTH ORDER OF BUSINESS Audience Comments • Paul Shellberg inquired about potential questions that could come to the Board in regard to an insurance assessment. TWELFTH ORDER OF BUSINESS Adjournment On MOTION by Mr. Hubbard seconded by Mr. Arcurie with all in favor the meeting was adjourned at 11:55 a.m. / �.�- Jin Faircloth Edwin Hubbard ecretary Chairman 5 1611A ? Heritage Bay Community Development District Board of Supervisors D Edwin Hubbard,Chairman o Bob Koncar,District Manager o John May,Vice Chairman o Justin Faircloth,District Manager o Dennis Gagne,Assistant Secretary o Gregory Urbancic,District Counsel o F.Jack Arcurie,Assistant Secretary ❑Jeffrey Satfreld,District Engineer Donna Hunter,Assistant Secretary Public Hearing-Meeting Agenda March 19,2018—9:00 a.m. 1. Call to Order and Roll Call 2. Public Hearing Under Chapters 170, 190 and 197 Florida Statutes to Consider the Imposition of Assessments for the Refinancing of the District's Series 2018 Bonds and Financing and Securing Certain Additional Public Improvements A. Presentation Regarding Bond Refinancing,Supplemental Project and Proposed Assessments B. Public Comment and Testimony C. Supervisor Comments and Consideration/Equalization of Assessments 3. Consideration of Resolution 2018-6 of the Board of Supervisors of Heritage Bay Community Development District Authorizing and Confirming District Projects for Construction and/or Acquisition of Infrastructure Improvements; Making Certain Findings Including the Refunding of the District's Capital Improvement Revenue Refunding Bonds, Series 2014 and Imposition of Series 2018 Assessments; Equalizing, Approving, Confirming, and Levying Special Assessments on Lots or Parcels of Land within the District Specially Benefitted by Such Projects to Pay the Cost Thereof; Confirming and Adopting a Supplemental Assessment Report; Providing for the Payment and the Collection of Such Special Assessments by the Methods Provided for by Chapters 170, 190,and 197 Florida Statutes;Providing for the Recording of an Assessment Notice; Providing for Severability,Conflicts and an Effective Date. 4. Consideration of Resolution 2018-7 Delegation Resolution 5. Adjournment District Office: Meeting Location: 210 N.University Drive,Suite 702 Heritage Bay Clubhouse Coral Springs,FL 33071 10154 Heritage Bay Boulevard 954-603-0033 Naples,FL 1611AU \aptc1rnt 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 anydiscount, rebate, commission or refund for the purpose of securing this advertisement for publication in the said newspaper. Customer Ad Number Copyline P.O.# HERITAGE BAY COMMUNITY 1921479 Notice of Public Hea Pub Dates February 19,2018 ith &L _42,1 (Sign ture of affiant) t. ___•• •• KAR04EKAFX;AS Notary Publk-Sb&of Fkrlda Sworn to and subscribed before me Commission+GG mom This February 19,2018 ,,,..Y,$ My 'pra wa2021, vC1/ ,o (Signature of affiant) 16114 ? NAPLESNNWS.COM r MONDAY.fEORUARY 10.2010 a 50 es sues., Continued from Previous Pe9e can ser s.mc newr.atecaw eoncocnoks wr where they used ro live. to.tie':rt, `*.r' t ' 'P2ry r : r" °."a - 'When they cameo/our hones,I felt like fel know. W'°+ these people for year' aa.. `°".* s . es w n Investigation pays off e = i _ a r�. M •ryr r„�aa+ „ 'f he Siste,Cities team put a8 ofthev interviews and •n ".. "ND ,a ,m_� .e evidence together and shared It with JPAC leaders iii•,,,,,,_,ti „Y�,e ;,,,,.. ' s `" "ii The information they provided then prompted n U.S. "•""fir-- „e,c;,r�• i ,"s„•°:;'�`",ii e`° 'A�t :`.t�wur�T+ �,zr. team to investigate the crash site.and recover a piece ".;x vN:fir.::.: ,1 va�ir rm•*lo-,o-5,"r.,w"+r 1'".;:c.'i'.'owsc;:js`• r`m °"a"aM`"'°",,..se""'"-r",•M�-K••• of the plane's engine that matched Stegncrskr's air t..e ,,, ,,,, _ craft a w as a1 Ce .v - ,a Due to other recovery cases that were higher in the u,".,:.as�'•u�•„^• .,..t"• �,me '=•one •-"on ""r^^••' ""„'”`C°""Yu pecking order,a defense agency team wouldn't be able ;R,,,;,•a ";,,,,b ,,,,„, _ ” ,...,_ "....,. .v„ i.,.;.,m, to fully excavate the site Inc eight more years.During ...........,.a w:a:..,.«•mc,,:.9: isx�,.m+^.•r ,rvrM.'"^v:"„w"""":�:"'"„" '•",•"""x'"'�:'""°°"". ^`"`°. that wait,Henry Stegnerski died in February 2015. c M But in August 2015,a more thorough investigation c1d n�;,'"P"! �me.ais•'' of the crashaite turned up a trove of material evidence, .e..w..rrw u bone fragments and other remains.One of the objects ••. P.M. x.. ,Peopud rx.w.� offeiais found offered a further testament to the syro- er.,.,o". lofiewil r rrs'M'r ss.as,.s.' aea•s.nr LW holism of time in the entire story. uie.0 It was Stanley Stetoerskfs watch,stopped at 72:20 - p.m.,which was the approximate time witnesses had 11..4: 14 SI ma said the plane crashed .m e,uc.m sxexo_r •1 a .on.s Within a year of that,DNA and dental records were w m v aroma nue.", .• used to positively identify Stegnerski's remain..Tu- ne!!said when she learned about that and everything ,. . .Re.roe• :° °1114', else that had been discovered,including the watch, m: = ohs coulcln t atop crying. •'^°•^ t,f o-me.lau t r n.w r.r wn.,:m1... "When I got that call,tate Kiat people I tried to get Goma.,..arr„N•wre,,.R""etew,a>, her.„x.ww i.,,:.ac..",...a. ,H .•.. ahold of were Sinton,then Brooke,then David'she asv Sae said."we were ell ss.excited." W. 24.',.S sL;a., ,,leas ra .. ,,,, KN w' ,x+ •r .. r•r. A pivotal role ,v..a.r .m1k"..e,•,..o,. . D°'.,...a.`«m""-ar.•.rvr,. ttr4,_R .t,f...... c " se Tunell sold they cmtkl hove had Stanley Stegner " ca x•a cM -Y w `� �s akfs memorial nerviee in ennY Deoemher.But they -°"�s :•e e „ ,..,: postponed It until late January to ensure the group ,ie.,::ua,..,,..1a,.,C,,..1ro.o.ea`:orsc+or•""" wi..;:e..o v..to opeiae .assee.r,.eteero ue. 00e from Gastonia could all attend.leesd traveled there a...,* from where are now lives in Richmond,Virginia. ,r;y�Nyuw a,;��pras Kira,", ;',',,",;;,,'.sroo,w""`.,,;.r•� "`°'"-"'rr..uto-,.w„m.ee.•.+rex s n m.+ry "I rank it up there with one of the top I0 days of my u.. Ilfe,'Tunell said of the Jan.22 event,which was et n°'r , r r.,,'e'r�v.ta tended by well river 200 people."Having Simon and .e.,atr ,aa"�N' T w i,5gr,_ ,so t in`„,,,,,,... - .le wast Sunny,Brooke and David,and Devil's parentswith us, «wni-ii ii-ir „, <,0w,,w...,.,.,,.n„eww„a.e....,,.: ., +c,.,,a svco e a” it Konrad said being a part o something. `mdsooso x'lata...,o•sa.w1.suo.saa..one e.a,"o,i.i.'' s,.°1Miwne'•+^�. Conrad said beings part of something so meaning- ^'11„^1 �'"'"e"„`^'�'°"°''a"'°�'""""'""�41°""r°""'•4""""'""t•e•��"�°"rew. fill hasYe P la d-a pivotal rule intim becoming the person i'ue`fwn°iu„u,nnai.iii,, she is. rs� '; =a I "It was an amazing experience and f3e I'm so happy t rt ed„_ was able to contribute to the process and to something 45 i T that's a lot bigger than myself,"she said •e .�•-�,�.��r_ --- TVneiialso credits the Sister Cities program for pro- I YI; viding a platform for coaxing along Stanley Stegner _ it,l, ski's dixmrory-. Y-.:..''P.r^a. ilii i "There were SO moving purtsttud an'had to Ottogeth- -"*, '•"•'�` -'x er to make this happen,"she said."Ithad to start some- t.....__.-__.__.-..__j.__.....,._.• .._ where,If you took that piece out of to puzzle,I donti. Wien know that we wradd have ever gotten here to the end" I Fire up yaw —i . LOh LIFEoat C2417,121,7g1 fir, AteNUon city a-�rc, ;zu J 4S'e'7 atru jiu. Irn. ur. a cr+r a cert;earns sx e t isse eft nolo ro i0 ere m ser tza4Hr5 mile's as �rlhit New therapy that mr nlr;,o,, e a K,r ah t:ai'i change your Wei re �S •°°k`', :''..4tr°D =",-y"'"",°.a` ';r ra..- „tom. ;. «r.r •diVs,Breakthrough Vaginal laser I herepy 'T " "Ouiek,comfortable,no down-time:no surge n •Pe,-a.tic i"C., -ed:X",r",."r. nv xa w r,8k .ced ,;e„^„y,,,,,ss;,'`;''"'''''''" Why is diVr for you? e, •vaginal merges due w ".,,J'tw>v. f w _ -.,.+ra1.1'w", menopause or klMdn � Me a.a• Painful dterc s,.N,,,. +s vaginal dN,tdev�Nrg .wet.wae.'seers,°. 8 ND.,.,,,.1`d.=n "°` '".",- • > •Losso'Naekler central.leakage n is SOH - ,"-------n,x. ,.nu,,::,,.,.-,e Or.Diane Brzezinski 00 11 a aFw.;.....xx Board Gertyedi nna rel Mscro.N'.. "j,,,, �1, - -,'.,."n a N4.iliVr. Frew'NYi rh Naples.5 years. 7 s '` � K"' 4,-,11 p •`4• •tea` V.7.1liratt,"t=4-74=att!It ///��J��) 1250 Pew Rigs Road. ,0000 aorri"5cn I •e'a 3 -, e,wi"✓arai t.meq""r 1Y "'1`. esus r V Nao ae.FL 3c Ia8 .w Nr 'r w.' as w... 239.2w Fade r0 a ce.asses arsrran ww.r1" " at. .,i.=1:1t.',Z:..a71,. 4 live treat people. eaeeta4 "E" '5 E ` , h -,,,,A "" " _ sat, .."S ,�r,". r " t ..4,', 00t just teetf .... � uaa .mach,;„ =rrtaa .i• Viyao&Vogl!'Amoss Persowliz¢�Cut ., ,“ „n ,,.• Nm ,e, ,n Nre .m,.s 1 The Tooth Doc, . •u r. ,. .,i.,. *•N.� •••••..... Aesthetic&Comprehensive Dxfl9hy o s „arore 41.”"a. e . .=.. ra $89 CLEANING __ Nein , SPECIAL Patients 7,'. '�.^ a,s a" "u a,.�'°."'? O.RLY m:w ,..',.wN. r mar •4-8W Digital X-Ray s: c r n.N r '4 n'i"` " •Comprehensive Oral Evaluation<,,,,,<,,,,,,,, _ Nn a. r r . �, , .., , �w +Adult Prsphy>r.x.,,.. .,c.,f..'f er roes .cher" o-'"r wee-r'- r oessusfv,.'g..,.:;,s,..es,•-,`'`.b,.. ,-r -. _ "...w....,.._.,.,..... 1s.. r• ".a 593-6708�,,',ae._aaa"*o.:a.,�.w.�„a, `"' "s- u ..t."_, 11 „,,.,masa bele... , rn.z n.bbrracele.,Y a.p _.,gra.,. 2440 Vanderbilt Reach Road t2t2 nurm.coaaeisa o.w n.-�u. „u,r_,eexe.rv,na..m vr.x,n..,r Cwr:arnrV.up.noI Beed'a&A;n:ar Mr/r7 OmPial,0 dura ,•Nmrn.NIX 'N9-a"" 16I1A 4r NapLr ail elltS 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.# HERITAGE BAY COMMUNITY 1938472 Notice of Public Hea Pub Dates February 27,2018 I .(1--‘7.1q, ;_e/a,1 (Sign ture of affiant) 4:«0;',, KAROL EKANGkS {' Notary Publk-Aateofflorkia Sworn to and subscribed before me This February 27,2018 coRm�lo rGG lxfal 1 i�.• My Comm,Expres Jul 29,2011 aa,noeynN,u,K„p,,,,A_ (Signature of affiant) 1611 160 1 TUESDAY.FEBRUARY 27,2018 I NAPLES DAILY NEWS cy, Y , *.,,g4.; wraxotlKvucln v r.n a, o s-rmslxxrJ>.rurawlr'wNo 2009 BENTLEY GT SPEED Florida Internatioml Argon. _ S Pph le ]500h A W ialnnnl M- olds al 5:m165000(]16)980-6374 rnlhus oe: ' 3`ntry'�' ? -ndtl.a d 9 24tOtl. i YC Mr ntnoo rtd ,Fnrnlsn 11 m.li si°5 .' Mrt' ``itta Om OtoporanOwtoolnioima -A9 M h rn'>r' nl?a 'i til- -t 10/Portbntl rinorr ne aaAes ^t"k.7, , M a 1 e crnssn.t.iu1]:otoa's./ FUrnn ntl install tree - h cmbmided emUkm.Zan<n stanll,I :hm station 0 wets,19100 »SRP 5330,)45 V Dint/ ( Ti Rk'..m nNur nye �6 .I cn^ asking 9zk(419)056-6012 m°S q - f - NY. uFurmsn Galion el seat Wrt •SaaVe+]a}•ntai.,r•I MOJAVE METAILICI NAPA nhnrYmp sl4hnn,Y1 tan. LEATHER IR MI. tooled Bid,ad)he eC 1 etl t,..."'•"•' e. st+,+rn+l e•r� • TN154511 1510jE 91 569ING t tb (f of ey, Ames I� t ^tr BASK(5€ 1011 050 Fairway LOmp ,1 11943 -4 Oh I a - I i 1N IVe]20 56-1013 7RN Jnr. Fal Y u - •A 1 I r a a t n 41 FLe9:1 7°,1115.4:Ion 120011 OD 436,500 714-1111.51>N• 'Thu later[: 200 PM On ttr C-v F kca, ,-..,,.......,,,,,,..,?''.....?0,4.C.......4 e j Addenda March.2l,.issue r 'In _ma,&;,„ 10 dutleg the may be issued - - _� 07 ND 40 In,.STEB 1.ha during the ndarsO of riding. me cil I.a,r. Curtain,1,0 r Shield.hags. Ail addenda must lbe u'�.el-�NUNasa 4rh'�r1m_•s,rtrol(R n y n rrmvapxk„k xw JN.•,m.o, , t 51 900(330)3019581 fir by May be Gams.,potoprien mono 151,Z ?, failTheu fare to da sl rNurtion Manaus, [w"'"'""7:17::::.77:11::'"RIAa4 loom,Baia,rlo 1 94 DODGE GRAND CARAVAN reserves the right t0 refect Tool 1a 1•,00,0 SKT 196X mi.S 0,,9n serfs. 11N and all bids. ara+va .0.03 S2.009.(239).131.171s. 011101.11 NOT,.1 r n 301.5 OOone GRAN°CARAVAN A MANDATORY Pe-Bid Proem Vol.. 54X, Menttosor wu WOVeiallair Van w to 10 IOw- M ti�U Poll Beeld On 1 e eye,Ilearamp&tic donna Th Sday.March etc 2014 a is - OIN0r1 v1V 5 0050 12391494'6267- t 2.00 PM at the Terminal ,e a 1.+•19 NO» Building at the°1'hereSt rush MI MOIR_11 9.T eu109• 3 T rid a t'Mnal Ear oil .1s„ ai NOO 2i 0 11.1)21 r(;.. T II al[ Amelia rn leadD II wt s,ry -W MOO 5 tI.N•.r9 1.939 ICK00.0 ROM/MASTER CC GcnAd ,rat on. Atltlra95 is 10M1051DN4 Itw 21.I awoap N ua'J I,e 411,000 cukra'S3 lane,cons- MTermllai ACee15 AOad, PI t (1 bad' o Na 1, Fort Myers.FL 33913. """ e0 n 11000000 40k be (700511•A M. O 4 z I s0erd)Catlrn5 - S I2 dl Id p MOOS G 9D"6UE. N 141 ,,,•Amns.t on a - , 5 ,j - So " 2 Mhtl\pp Must [0100 C CO I Ih.O� -AmnS-NlmiNl'r - 0- C SI0 it 3 I4d 100 r. )I tic e5 a may be dowd0'atled Rp9...i•.• 0 k lien(2391494.9U13.8Irons eW Dolene plan room al _ fAeel with fWhir ,,.Hole wceive inlruht,o s ns.en To N tl r Iz•a S YC In9t4 0 O0S a how 1....A. Mot&Mt 10 Mean»hh i P 1 18125 000 315721-6714. to Mus a ad from 9A,ATtsite, '.. .toe. .7-r - .�.,�.-a 2,==.,.I. 0 .1+ ,.,..rrn nr 1=e,. 5,. .. C 1 h ben 0 .5l t r.1.Anhln �'�� 4✓74,,1`� UstiYa<2395b14:41. ,/ - WANTED. Devel Am.s-K-mhMl r j "v REESF=MIMI., LO p nd the lee County .j i6 0 M r•�,t.>��11,..�i'.�1(1315 16964 Pnrt Aul(hority en1Yavnr to rA . n n110 , ,z .eelre4 u I,1....n,. 4rrz[` Y'M1 'tbsA Womenf MlnorNYt,.:d nm+NP f j';n"•1 Disadvantaged Fnlerprlses and ABSOLUTELY ALL AUTOS Disadvantaged Business N - n Wanted,Dead or Neve TOPS Enterpdsez In their projects. UPI 519.265140 Each 0)Oder Should strive to r CORVETTES WANTED - Ieet.ex..'the1 s �, Laa Top dollar.Cash day.Col Percentage goal t VII heA 4 (^` Y hEy r m,+ .; 1 t 1,1 q+dmr •"*,7101 541 805 Cl)36nr 9T1923 3'20 OWN.. with Disabilities 1 STEARNS MOTORS Spppe@NIal at ono IPIWtldnIO Sdbl J ry J 1 ,E 2'Ir•".'Y_r•1j.y`sF.i` EYYO0SP Since 1977. 01210dnr.=at p bel BIO r •..a+,..ea. a 'T.,in,-All VOhicle wanted PenIOD )r it eb d f!ti ) �P 1or.im(229)714.7]60 SROUId ontact Abel Natal, �.0 1 t IN O[CI IPI[5t P6ivKT P n)pct Manager,Owen Am z- `• WE BUY CARS TRUCKS BUYS, Kimball C cowry<239)561 Et t Etc.Anyth10 1 810110 4111 fax(139)56.-1996 tiro St S (331355-4121 all Nundisctimination gra 3 CI s Pursuant to -_-- g 5' l4' -...p T I 49 caf1,1",...,,`:,Federal 1:4-- ,.• 1 h -- Reg ulationS, Department _ ,� (4)RANCOUR 225/55 R/ll Of TranePatatlnn, Subt0le 21.ar 1 5700.take opts(4)II415 A.Of flee o1 the Secretary, dre,-w h A, re hI 2452 5/3/174285 Port 21 NondlscrInation In _ .e.et I"'..-"' t t01)52d 9295 Fedeof rally Assistedl P O9 a ul �.c . t nonat tan , I ' S33S3w3i( /�ir 7eay0110C ll Mont Act Jar. i. ; f IJV ne ReSl atAct.rIthe Fm-tl Civil I y+ "" / Rights AG of 1992,and 1 yiti,•,�; 3> ReGOIAPOOS may De deo -n 2:'''''''.: "°''''''';""4 '.:;'''''' xr" .,•' the Cs°s'u c[I/ S Itdnc ...„. ml UnitedZi.;:X. 11 0 ins *0 NOTICE ..J REGISTER4001 FICTITIOUS NAME hark O1.0„,,..0,,,,,,.,CU hal N UTILE OFMlaus 1eX f1113011,11IN NO 2111 III6C CR oder Fletnl0us Name In Le(MO lr the U':blity lts.05rs lora b S<' ee I In II (MOM d lh benefits e tt 561119, Tlor100 Statutes De J.nerwls U) t d '.r a t 18 1 'llOI 1 r r,r 41s.t o 1 501loot IC Is IGIVEN t v I gra Incl c1. dC - that 11 o2020Lana) 94 Lowell undersigned,Susanne deallog U I .he s tea 0 NL NOT1 OA T s,Z .7 E MI Ol' IV 1.g e y 99 u hryMnell a IM M t f u0 1 0 1. S/ d.H 1 Yr mda. 1 N. ..,da se ram. the 0OHtkoo o (T=u,• b ata 'o Inclu1119 10.001 +N Nwi n ,00 4< +an PncNmn II1 Landmark rk St. P At f mdt,I rite 4 } locale,a:300 1 0201101 51. d italics 1�not., n[.Tile o�• A b,County of 0.LNER O C ill 1.l 11 all parti3O III 9 W 9 CITY M hb.<n 11 w FM I d l InJpo ills 'Tj �6 6 a{- k"' 345.Intenc th NC pi,,..,,40 .A. Act1 and the 0011 0llnll, - - Fbrdl Dep-IrtmO e.RI State, including C PIcontracteat '1 h kZ� Tallahassee.F r da. practices men tee - Doled N-p rbddo•DATE Y Iv,2Yi PrNect.O� yy 0J 1.1 1.9 In AGpelltllX - pu I Tb i tie p Y3]20eel Si In 1Nne Sar.ices bJt4 EFAY rt 21 6 � �.I1 .� ne.1. �'. j2=�.o rt R � k �m,e,9. F 111,2000 N 193613/ General Civil Mg Ms Clause: ., ;.nam.Rot.,RO i u-S0[:_Or'' 006 Ieree Pry... Y„l ' T C [ I ape re n,d&,. 1113 wliti pertIntiM salute, 040 C onle r C t' I eby 1' OOCfyySm�dna SPCb . p =erases._ 2/27/2019: Ohltha Int„,..411 ,,1.h,, zt ,,e 11,,. a Id N 7 16 ... d10 B - - Bou,onslevard d N rtion h l Landscape Ior I'a1'lllyb 1y 1 dedf 0 lu( S ro�. ;''' ,? f A.em .. garb IPSWIIailee I 1 I any 4l It 2y� f V C Ilk, Ca5ntY P''''''''''d oh m1 '''..41.'`5 1u h -+•1N .•r -- 1 10 re.br femme Nat ro UO,u,,, alasMSmnce. 3/ •heal I Idler than feb,ea17 N.21.''..."b15m8 n.,l,:!d SeNaP...+nil 6e5a149 ep..a,nrWr e.,nuv.a..: 1123/E018 al I).00PM local W+ HRR. A non-'Itandatory pre No.1929]]3^ ViriVr=ittrta° 1 bid Ited,Nd for 3/6/2088 6i% h t 1109AM local lime. I ,TTL. 1� „ o s4i a esvlstmmnV.1•n_ , ..,c,1.+1.-gt7.tv'm'�f • P0YYI t bregister on idders .t mere cclicking ill t 11 t/., no place ".`2,7.,!,..•;=,'' r• . pace tiqty Obtain e t PI to � o 1.01 d ,511,, kn a a $ th'1, -11, Set of document 1 MUG)! .yl fike...here, 'IN 2 IBG.31 }adv L n,ro p.�m a.a-. :=4°=,1;.,,,°;, ,,T. 291 ync Fran/Misr . mmW..r�w a1`�.<.v,en lmr ...Irys February 27,)8,1010 r Real Estate 5[II36160, R..LIRVCO;a ,,,I Tm1,n Tlrwl Krias. Nn1930060 Regoeni"'iC iy, r51i 1.1„ RSW CO1Reurae nnr91n9 - 0. Sta°ons PrnJle\A1louthw At 1.. _ v3Tc [rf,..r . FlOddtotFort M yen,e Airport "°"'""°'" ..o art +"... .,c mos v S'O.aa s S p.. ^rT yea,Fl � .nv,..., Owen Ame1ybids KibCompany is M1...pasha? lad)iduels ar onnc D N 05 - -tar installation t II 1.M 1 concourse 1u� h i 9 txtio". d ay �Kys ; t Ly.tl .e,nx1 Iwtx 4.I.4�..mxe,a .Z.11,bIVZI..Ir,,,krl_ 0a[rvl components at Me a,3 r, {a - TlIf rIlillillB 4119 15 Rl l SEVIRIIL G rah er fii L ' yd E N ,*1 14 inpp. &" 2. -K Elie SCROD I Beare of Cotner EGiony,E.t.a, el accept Request h tor Qualifications.the Of fice Of the Facilities hiamgernent unlit 2115 ono on°se date anted below for the fohowllhO oa 4. IVI auk .Q( NF�iVD 1'i1LE OPEN q 18-.01 PrnfeSMOnaI Cal:r00t RO1°, Marcs 20,2OIR n u.ry r�:e'1 S.Ope of work and retail reninl>1. I N. m"m�b,'� MIR:/I nnchtafcarh/w2I el /Oldsyl9 acv Inc/UM_ M l 2 s 6 l A lista,It 1fiescar22 ch&LP=BB&m=10202 or G httpWwww.rdllerschonls.cani Pa9W79I9 etcall 239-311-0242. "' ,:iia r T., .n„ .,x a-, XN,ea..0.2„1 v"d....,..rOmi,, rl-.n,.,04Ol.u.r..u.....Mel...e..1,r,r.neerva,�,w ee..r The 5/29001 Board el Coiner County,Florida ea.ea.nv..e, I ...1.1 w I BY:M D,.Name's POtt0a &.malamil001100 01,mI r Supednteil eat W Scho0i0 p,55lD sD!W1100..10h'ndr.m,0 x111 at AuMUrl:ed byy: unnera:Slsdnapil:snsm'rrsurnn_srmuwt-r EeleNara,D atcer,3,2490 dry Fele Wry TY,Match'.8,13,Nl8 Nn.1935792 1'6en n.m15 wlwm 1 6 1 1 A 2 NOTICE OF PUBLIC HEARINGS TO CONSIDER IMPOSITION OF SPECIAL ASSESSMENTS AND ADOPTION OF AN ASSESSMENT ROLL PURSUANT TO.SElTIONS 170.07 AND 197.3632(4db).FLORIDA STATUTES BY HERITAGE BAY COMHUNTY DEVELOPMENT DISTRICT NOTICEOF SPECIAL MEETING OF HERITAGE BAY COM MUNIT'DEVELOPMENT DISTRICT The Bean!of Suptkcrvisan("Want./of Her Rage Bay Conviviality D.vclopnent District("District")sill hold public Ie,nips and a speckd:naming on Monday,hlardl 19,2018,at 900 a.m.at Heritage Ray llddanse, 111154 Heritage Ray Boulevard,Naples,6134120.Tao Debet s a special purpose iit of local ammo/writ erialf hot'unseats to Chapter 190.Florida Statutes The District is comprised of approoion Lely 687.ens and is located in Collier County,Florida lying un/thin usrtions of 13,26,and 74.Township 41 South,Range 26 East.71re main community entrance is landed east of The Quarry,north of bmmnko,Jre Road adjacent and adjant to the Cocolordla Cared.TIr Disukr p a Iusualits Series 7005 Capita Ingnns:me.Revenue Bonds to die par amount of$20,125,80("Original Binds")to fund a portion of Ih r District's various urfrastrtrtum anpmvemais C'O)ngtnal Project").as dcmnoriin mm detail in 1hC Enpncers Report for the Heritage Bay Community Development District prepared by Wilson Milks dotal July 22,2005.m m snpplemu:d("Originol Engineers Report).The Original Project included.silo.limitation.drainage and smnnwater maoxgcmenUmpoxrnnts water and SCUT faa has and other related infrastructure improvements Is 2014,the Dtstn mi issued its Capital linprovcutut Revenue Refunding Bonds.Series 2014 in the par amain(of St 7,490,000("Series 2514 Bonds")for the purpose of nfmding the thatontnandtng Original Bonds in order to take advantage of lower iutenst rats Ilio bens 2714 Bonds are sewed by naiad valoremsptttnl assaoments imposed and kcicd on catain:bnr6tted property eindr Doaria("Saks 2014 Asnronenk").The District i contemplating issuing refunding bond in on:or snow works l'olkctively"Serio 2t'.R ponds")for wars including the following,til refolding the outstanding Series 2014 Bads in order to mice advantage of potential cost and/a intent ate savings and(a)onstruding and n.uatanrtinga supplemagal proj•etwithini the District("S pknlmlal Project").T1eSuppkrenud Project n itakslte ncnnslmtun et certain lakebank stabilization tmprevements 'ongtam lake back restoration,emergency repairdye ioddaman5as:mead by Hwdcam:lura,rtdification to misting control simians,nol Altmdingo222015 ban moat Policy National Bank Uentedy C•NL.Rink)for prior iainmg wall nnpnnuisrrts.alas set forth in that certain Simpkinnral Engineers Repots for Heritage Bay CDD preMnd by CPH.Inc.and dated lnmary 19.2018("Suppl nt:Md Engineer's Repai"). The purpose of the hearings is to conker the adoption of an ossssnont roll and the imposition of special debt asavurms("Series 2018 Assessmenb')to scum the Saks 3018 Bonds m benefit.hinds within the District.A geographic depiction of the Inds subject to the Saks 2018 Assessments is shows below.The Meets and ants Wil to the subject to the Project and proposed Suppknrnbd Project are dnprned to the EnpnaT's Ripon and Suppena nand Eug3nnuh Report. The public hearings arc beide coadnrtcd pursuant to C7npnca 170,190 and 197,Flonda Shunts A description of the property to be ossessnl and the aratmt to be assessed to each pepwee spam{of property may M aurrtatmd at 5911 Country Lies Dnse,Fort My'as,FL 33905("Dstrid hlmmgerb 011ire;")ant(239)245-7118 or by nsnng wuw9rntagebayedd.evn At the conclusion of the puck liecongs,the Board may,by ianohotion,key Series 2018 Assessments ns finally approved by the Board A speed board nutting of the District will also be hid wherethe Board may anuida °lion businms that may properly cone berme it. Srhr,OJeOfAsumrrenrx II c District intends to impose and/cr m ttosm nonad valorem spdd ass-smells on benefited lands within the District(ie.the Series 2018 Assesment.in the manner set tools in the Heritage Bay Community R,cicomen,0stria Asassment Allocation Report fix Capital Impmveinent Revenue 14tu:dung Bonds,Series 2018A-1 and Capital Impmncrnent Rewnnuc Bach,Saks MI liA.2 implied by h(rarnvk.LLC and dated lanuary 19.M18("Assssment Report"),which Asoasinont Report is on filo nod amiinbh duringnorm0J bushes hoursat Oar District Managers OBiee.The pneenns by uhiclt to allocation of assessments is to be made null forth in the Asssnnent Report and the masbnuun:nnuunts kr Ir allaatd by product typo arc as set loth in the Assosinent Repos,which Aaoaarant Report wars pit-soled and apprised at the January 19,2018 mating of the Baird. The.Assessment Report npoiifis rack bas prison identification number within the District t0 an aodsiut Mal'le assessments per passel for each land use category'hi Inc assessed.As sated in the Ascssnr t Report.the assessing s arc dried nosed upon Equivalent Residential Units(ERUsl that have ken nsvprd per pndnt typo'Ile proposed schedule d assessments per vended type for We Series 2018 Assessments are cis Hollows Herilnge Bay Community Development District Capital laipruyeraenl Revenue Refunding Bonds,Series 2018A-I Capital Improvement Revenue Refunding Bonds.Series 2018A-1 Allur.tri m of Total Debt Total Estimated Proposed Proposed Proposed Assessed Principal Principal Moxirmmm Annual Maximum Annual Product Tyne_._.. Units Balance Balance Per(IBB _.Debt genies . Debt Serniee Per Unit Executive 139 03,481569.31 025.047.23 5.01.154.76 52,310.47 Classics 95 53,762,682.29 139,607.18 5347,086.20 $3,653.54 Classics I1 18 $794,320.45 $44,128.91 $71,035.06 63,946.31) Coach 184 53,017,173.52 016,370.24 $16,170.24 51,630.92 2 Story 364 $5,300,681.68 514,562.31 $494,711.61 9)759.10 4 S1005 450 54,783,626.74 510,630.28 $489,275.10 51,087.28 Total Series 2)118 2029-20.36 Debt 1250 521.335000.00 52,023,351.35 *a an Per unit assessments include allowance for early payment discount(4%)and collection costs(3.5%) For all Series 2018 Asserinents the Distia expnxs to mikes no more than 921.135081 spick reflects the antispntal 0nadnn1on par amount of the Sats 2016 blonds to be sound by the Series 2018.Asses;nrnts,exclusive of fees at costs of evhkelian or cotacnx+n,post up forcarly ptprrnt discount incl the nomad tntrest cods.Th•luted maximum annual revenue the Distnet will n dive frckn ad4.dnr of the Series 2018 Asscssnenis for all ovessuent areas is 52,023.351.15•int sive M administrative costs and curly payment&xonrns intnst and pemdtis 110 assessinentsmcq be prepaid in whole in some instahxsur oily he paid in not more than nineteen ita Mammal inMle entsAmaol1t Deo the trialliCe of Senicc Ito onahe Seraddition Bonds interest,All wi,ca,u stastaled rte estimates cMohci may fluct at by the lime offebsng.Also,trwhunti entitled"Proposed Maximum Annual Mt Scram in papnen Antagonist Option As indicated above,the principal l animal of the Seri_•s 2011 Bonds sill be Mortared slightly es compos,'to the Kisteg priitipd amount of the Original Bonds for iters including.the paying fur tic dosing costs of hoc refinancing and pow,gthe costs of the Supplemental Project Before the Series 2014 Bond are refunded as paof this prates,any popery miner interested In paying off the oatrtandIng h-akasre of We pmpeny owner%Sesta 2814 Aaessnmust nlin full doso on Or before 5:00 pm.on(Match 5,2012.Pmnrls mol Ire rooked by the Dist,id Manager price to that .Imerestd pmperty osoco should contact the District)nicocwds Office at is addnss listed obese or at(954)603.0034 to request payoff anoints sad information.Peau n0tc that if a property miner elects to payof the pmpcnyMOON-s Sans MMI4 Assessment to full.the pispe tymsis:nodl still be ponsibkfua pin portion of the Series 2018 Ascssnrnh to he ksicd to fund a portion of de Supplemental project which Supplemental lirojcat is to prpoid Jnr by the prnee ds of the Sens 2013 Bands Also,note tint tine nc debt assessments are m solution loan operations and nwutMance nssesnnans levied manually by the District.and axonlindy,any papnytnom sill not affect such operations and maintenance.asassntcnts Collection of.0nunrcnrs Alter iswance ofthc Saks 2018 Bonds the Sens 2011 A.tir•V.4110 a may be ionpaid'an whole at any time,or in sane insumo.s to pint,nr may Inc penin en annual installments sod through maturity on May 2113t These monist asssinems will be masd on the Colter County cox roll by the Collier County Ta Collector.Alternatively,atively,the District may ehcoae todinatly collect and ado.these ascssanims For diinynrot nssosi nus that sem itiallydknetiy billed by the District.the.Didier may initat a fbrt'Iosare action or loony place the deiinyuan assessments ma that next year's county on bill The decision to coke)spkaid sows rents by.any particular method-an..on the tiro roll orbs dines bill-does not mean that soh teethed will be triotl to corked spanal assessments in future ynrrs,airy the District times the right In issue deo:Minn to select collection methods in am pwtn yo,mr,ngcndkasof past irtaicu Itis tmpinam to pup your i xamrnt silos failure to pay sill muse a tun artificete to he issrrd against the property Mich any result in lnsof title,or for direct billal asu:ss eats, may tesult in fonclosac action,which also may resdt in a loss of title. Board Meting: Also,at the cone lino and place Wankel nbo'o,the Distrix'&cud sill hold a public meting to consider trio ether b simss that may lnvliily Io considered by pia District The mooting and bearing;arc opoi re the public and will le conducted in aannlnan with tic provisions of Fknida lax for common ilydsvclopncnt districts AJahhlmnl Nader Prusvaium Andy of the agnds(slfor the mating and pnblichumngs kwb:obtained from to District Manager's CBia:or l'romtli.District:subsite atsays rritapbayeckhmm.The public hearings and matting are open to tlr public and sill be ronin•le i in acaxdamewith the provisions of Florida lav for community development districts The public hearings and amnion may contured Is a date unto...place to b:specified on die mond. flow may le occasions ashen sail or BOOM Supinrmrs m:9'patettppnle by speaker[d.yhone Any pesos nnpiinn_species aasanmudatnwts at the b airngs l ntctarg nestme of a disability Of phyla.'impairment should contact Ito Distrix Mangers Office at(239)241-71 I8 at toot Inc( udoular days prior to the meeting.If you me hearing or sprach impaired,Peace contact air Flunk Relay Service by dialing 7-1-1.or 15009558771 (TTY)/1800955SA70(Voice).Mr aid in contacting the District Managers hlce, All allot eJ properly owners lone the right In anppau and connttn a the public hearings and meanie.and may also fib wmten objatidms with the District Manager's ORsr within namiy(2O)days of ivamn•of this rice Each parson oto de¢kes a appeal anydo-tsnn made by the Rossi vitnrsion to any matter auaaknalat the public hmtings or meeting is advtsd that person will aced mod of primed)].and than axatuiingly, the priod trnynoel mention that nscrlsaim mond of the proceedings is outdo inclmbngthe testimony and evidence upon wheat such appeal is to is,knrl. HERITAGE BAY C(7M.,1l5Y/TY DEVELOPMENT DISTRICT 4 w3 , • ' .„, March 6,2818 ND.1919 0 0 PROOF O.K.BY: 0 O.K.WITH CORRECTIONS BY: Pi.FASE READ CAREFULLY•SUBMIT CORRECTIONS ONLINE ADVERTISER:HERITAGE BAY COMMUNITY PROOF CREATED AT:2/27/2018 9:41 AM SALES PERSON: Ivonne Gori PROOF DUE:- ND-1939008.iNDD PUBLICATION:ND-DAILY NEXT RUN DATE:03/06/18 SIZE:4 col X 9.25 in • 16111 r, cd Po o R•44 54 0 0 .1 ›ricl o c CZ 0 CZ 4-1) 77 .46.4 :' Po cid p u 111 ye 004 lira I611Ae N 0 4, v) O Q) U L a--+ C U fa = N v1 +-1 N N S- ate--, cn Q) �O N N co 0 la0 CU c C CD c 0 O O 4- 4-1 0 (0 C c Q 0 0 -0 a-' a L) -0 .:5- QC a-' -0 Q 3 N 4--)a N Q) u N 4C_12 N i: i a + 3 0- - CT N_0 .•� N Q. dJ O .c 2 'a v O O C N C ON Q c 0 v CU U .O O mO O ® " O co Q U CU ate--' ate-' +--' -C -C +-' C C) C) O aJ 4 CU Paiii C C C (I) U U U N N gill V) v 0a) VI 0 Cl.) a. a. n_ CO n- > > > > > \> \> 1111 1 6 1 1 A 2 L Li) O i -Q - CU a) C CZ C) c Q _C) CU fat) U 4-, O. X CO i' i- C Q CD O0 C v cc N Ca W 4 O = a) J a) 0 a, 0 >. C " O C ° O co E U O U tto s_ O U ) C Ca vi — a) ch C —rzi -I- cn 0 CO C N 4►- C. v 0 -o - 0 ' _0 a) CB E a-+ E ' _ L a) co EQ.) C +, Q) L C a--, O C = =—,. E = O .N i a--' v) Q) C 4-' .X v E v cl) on on c C C o v CB i CQ E CD .- a) C .N 2 C a) IO vI C E .0 Q N co 4-' C LI CO Q vI U •. 4- N O ' •U N 2 4- U Q) Q) 4-' N C v) C — 4-, LI C ate-+ a; Co Co _U .- a) .Q co a) Ecu CD Ca C .'�' L O Q) QJ +-' C a) Q) CO vI C6 Co C f CB _c > O C U i C >. E c a --' (1) C_ Q) a--' i > C vi • U v :i, CU EN U - a) C >0 a) CO C E 4-JC 0 C tri m_c Cl LI N a) ® +N-+ U v) .— (I) Cllr CD a) Q) L 4-) C C C C C a-' v) E an N i C 'i O Q) C - C (� co 'E an v) on a) 0 .&7' C a) aJ o v s C > C� c a) E co cn - _c -0C — v _ U +-+ ' •- N �-'( CI) .- C O D V) U = - U -0 D Q _0 W O ._(L) Q. i on C C R +-) C -.4...+ g (, V Lt 'V Q) C 'L a) .) O a a, v a, a, o +� �� a� v ca a) p L. .►--1 S— 0 I— I— I— I— 0- O V) = U Q vii Q I- CL 0 > > > > > > X111 1611A2 0 4__i C,) cu O -0 L+- O OA > CO N L -0 U _ O 4 4— � O _ cum E Q +v) - L C N � 00 E C a) • QJ — c X M '– a) C _.5._, N c a) a) -(/} C co Om C N ® > CCD N OL E_ L co' 0 a) v CDL � om O C (a Q O s_ a) •C aO+ Q CO L — CD C a) .c XO aA C ._ O O (13 • .4-, .c U O •= OD C all (0 L ro n3 U � .� � _ L ) c� C (13 CO o o •– >, _ i vi -0 O >, -p •L L, O O L C : CD :4-+ +� C (v -0 v) � c0 C +� U v (0 : aJ co co a) (/) (0 ,_ L -D D abi0 C a) L -I--- C -I-) N � v co � X L C C CO L 0 N O CU • U U CU ° VI Q a, L v) " a) � a) E � c •Vl ,. E a) •+- a) O 4- CD EU. Q) Oa) CU L 73 = - ate--+ L U C V U '– C O C 4- sa) a1 S� C Q) N .- CO O CU vi QJ a-1 — — 0 U v Cr) o n v c CU v) C oui ° E Q., cr., c E -C> (ac U a) vQ o v c) a)°' .N aJL •� LO >> C ) U C c0.0c , C c co CU -1--' L N 4J (D (Q W N 'C „,.) > •_ ••_ > 'X N o . v o v ../ L a) 0 U N w V cc N C ) OL N O0116 - W Q LZ • c� ,�•� Z o ._ H - .- a) a✓ f— rz' al Z . r 1611A to ,.',!-:- .,/,;!14.24.0.4714, , ; tr r +& ..5' , .,�-eer ; ��' 'z �r� k r r11 "i , iiii: :' .+ ? f1 ` i l' fii4�,4�c-a� �l"/ sy a�" d �� a . 'a _* a ') �. - r � - , �z 1. 'a � ``7�.�' arm � R d' *�- F £ . � 4 3sa- �' z ...1 X21 3 62S. .�h E _ .,,,,.,.,,,....,:.-..,..,,,,,,,,,,,,-,.,s,..„..„.„,,,,,,,,-,.,„,:::„.„,,,..,,,„- . d ',-,;=g. ,, i',. err �: t, a'. v�! 0 41 E - fi ' ?d� . e . vSx; —z, € ws .F.1 73' 1111 a W z 16 % ip2 ;'—in'-',::-:1-,7' ,A,W,t4Ltri 7,',Al. ,2 :,,,,,,..2,,,,,,. ,„ O m { J 3 4--+ f , a) F Ey .. m 0 a- E ....9 a) lit -^^ scu zr 1611A2 N. ,,,,,„:„:7,,,,,....:::,,,,,,,_,,,,,i s s F €� i ' ar ff.:.i'. :i:',41:#1.It.'-'...''''.41-4:i.'''''''''''''''':-'-.''''''''...' -'..a.;.' ift ' s r 4 M `'. 7 O s . a' M tZU :z •.� ... „ ., .,��u,...� ,. J t/) - >x°, e a $} h E .. ,-:„„,,--,:.,,,,,....-,,,,,,,,-„,-..„,,,,,,.,,,4''''' ''','',4(i.!..,:,',,411,•:?,;,i.:;.i,i,",-i,,,,:::',"''),,,,;‘,:',.'''''''',,Ntt L . b Ci- � . #,�4�` � =fr .� ; ,�x. df a110 z liii 1 6 1 1 A 2 vp ak _* `a� 4,,&.:/-4,,,,-z;r =lam - � U , ,, ,max `a -��i'y 1� 41, 4 ;" t r` ` ,' 4^11 9 3 * S, 2 1 x " y '°, is :zar '��x r - 6 ` g „ lye ' r nuc .:�. �� ,�, 9's :k�- q � ,, ',4,„:1 -;1'' ' i'lg r,,,..4 , , , , ,„. .„,, ,,...,,,,, , €„ � g: ''.-...:,...',.s.:0,-''.?';': yi ` at i*� �"A �1. c. 4.3 [(/yam , . i , , moi) fi... 'r ., ::_ f$ R l �kr ..:b 0nsnn a.<;+. g E a.) [ 7:3 �ro 1014 cu W ) z � 16 % 1U 00 0 0 0 0 0 Ln 0 0 0 LO O d- 0 0 0 0 0 Ln Ln 0 0 00 LD 0 u o 0 0 0 0 0 0 Cri o 0 0o m M oo O in O O O N N O O (3) d- N t d- O M O O O Q1 d' cnO L.n d- r1 d-" m (3.) N �r--2 cNi iii O N in IND oo O M E.74 X M (- r-1 Lf1 t-; r I M t : T] C — _ v a) E uZ CU O 0 co v o U C U O �—+ CU COCU ,L v •c V — Q Q = co Ln Ler �..- N 2 C Ca V E VI N cc tri p , i +-) p i cB .Q G1 .�. U r6 a. (TS s= U c1 z E E O o aA an a) u o v Q a a ' , c s= vi c '� .'- ca a;° 3 17 'L C ui N � clj (:)..0. 7:3 = w QJ o w t]A = cu 4co _ 'E Z N cu C c — 4= }j C O E Tis 11114 W > CLOuom S= v *+ E V C% c CSA 'i J V U C co FO 1-�.+ l Z 1111 1 6 1 1 A L C z _ O +-, U = N O N (6Z N v) cu _c QJ U 4-0 ap -0 i L C Q Q 4 N •C Cal O 4-1 03 m C v) -0 co v v (10 Z of > 44.0 C v CS" II U C •i-, Cr) i L C .V) Q� 0 U `� (� C L E p N +� 1- > _c N co bp � O -0 xf a v C •N - D C C v v) •Q O _ p U CO C (a +-, -fl of C (A 4-1 4J v C v v ca () 'O i N U 2 t1A CU cu 0 i1 N U v `� �, C O N O 4) C N Cu ----C4 0 CU > s._. Z O (D •_ C (9 2 0_ a. Q IL p cl_ ._ Ha) I— JA A liii 1611A "e O O C N Ca - Q) a) N i i tan a) n C6 C c.!) O C CD a) te a + 4_J N .......... C CO LI) co O c C) co L •(n CB N a) -o ._ co v • J C C N v 0 0 a) 0 C — _ `n _c ate +J 4-' L1) CD O4-, N-t ` Ca i '4- N p t./). O CN - `0 .- CU 0 N .1--) — V) 0 0 U la) DO c C a) . 4J U c - _O O -' (13 co CU Ca 0 a) N — C a) CD 0 v O .,_, M .-{L" U c C Q EN C1 ro CL N aj Q.) - �� s_• CD O C aL CI) a) U O }' tS C - CU C Q) N i `~ Q Ot1p 47- aJ N N C >O C CU C -Q) i CUC CU Q a) ul CO CO • ]. V) CO Q 0 o C .N -C O O CB --, }, N N 4O (1) U cn Na) co O - .L QJ N N co V) Co '- cD v) Lc; v) .a -4–.) Q. a--+ a) C a) C'n O 01111 D N a) s O _c O _c c < -0 H co F- N 1-- o liii 16 % 1A .e N ro ‘zr >- N O O 0 C N O taA N O •� O cn O O a v00 a _0 a) +� v, to c L_ co •> >. ca 4--1 V) L. C C t a-) O co 0 i C -C N _Y C v) O `+_ s_. Sal C) coco C .0 S.- a, O >•• C O — x 0co E L2 ru 1.,) 0-1 Co 0_ -0 r� s d; O cu oum 4._ 0 400 oN o 0 v) ..--- V NC (N (3) 'sa C ro v) a O v.) aV • N 0 v) C N o co > C6 O Q 4- _c � J MCD L c d' 4 C O 0 ‘-i 0 a a co . C N a)CO a Q) 2 in a a 0 4- N > CD a C i10 a 1 ( te-+ CO CO r-I Q C a bt�J CD U O co C O � •— C c�-i cB 0 C cn -C3p co O C cv O a I . v-) m 4-1 VI 4-, ./.21c �- .� a r, - �, a) v O C +.� -a 01114 N Co ( C O • ? Q A 110 161 1AU � -' en � (13 C U 1 a) O C CO �- a o O N CO p CO CU U C s> N . rn o _c C U a) ry . (13 a) i trl ` c -Q 0 n (.3 a a••+ U >- a) c 4., i i 0 Q Q r3 o rn N� s O (i) Q) a) 0 `0 C) cn (� i rz M c O -� a+ v O o 4., 0 0 (6 0 o O 4-, 2 co i rd s- 47-- a) 06 sus -C a--+ 13 N V} - CD 4N-+ c--I a) N m U C O J O N d. o a) cn e-i 4.1 75 E (L) O �a � v 'i N 0 CD 0 CD C 0 N Q �'° _ N t�A a) r4 aA C° 'U O CO .rn Q U .3 d. -a 4.0 cu v '' (NI CU C n u i,. v� a) Q • fII _ �O co 4-1 s v v o to -1_1 'a) r•lO `'- CD CA O Q c Q a a .E 0 n 1li1 1611P1 U > Q '�- � � O Q D O aA fa Q `+- N r�-i •+-+ O c O (2 NJ 0 .® Q a) N .(r) 1.. QJ 7-7 O i. > Q C cn ai 0 - O 0' -- , cr) co a) 1.11 co i a) ++ d' _C a) -C C -0 +-, 41 V O >' Q D •- E u 4Q- +COv) N .� -c 4-+ Q) m E CCU 0 C i- Q 0 00 O O 0 cai O C)) N a N Q v a_ ca U l0 ca > N -a 4_ -tn- O c3 E i `* > U 0 f � • "I-' ro Li- Q. (A c6 vsC C) CU I) E U C ii E v a) .x— v) coa) cn ,_, t6 _ O -r-J 7:5 +-) L O ++ (n CO CU U Q +.r y'" a OOO (./) � H Q. Q mc no (a) c ° c r 'o -I--) L.. -Q O O 0 ✓ i 4— a) o — - s Q o Q� Q. _ O 4= vv b CI Q +� N ( ' U v) o > N .1--:Q CU " _C inn- . gt � Cn a) O ��77 tt -0 U a) f6 i L A W '� - C Q f-+ C Q - Q Cl. CD +-) Q Q O •L) O O ro +, O tkA . N > 4"-j > o :0 z ° V '� L > Q - O .N Q U < G) Cr Q O. L 0 A lit 16 % 1 A Z Ln C O OD c CsU .4-1 N L. a) a, a) a) w _a 4-1 E _cttn +-' a ® O (N U in a) 4— co cc.,� L a) C U (... +1 N o 4, L CC via) o L _ h1 0 X11- N ► n C D L■ L. }, ,_ N f 00» ti � C N 4: Q Z Q) O a; N id = = L a a 4.:.: a) +.) 4-) (1) fl) hi as L #1 > 0 rM O N O ry 4- 4- ON p -co VI Lo 7o W L Q) c U a) E o o 4-1 >_ 4 m > vr L ca cn > c) aJ CO bAQ o a, v 4,3 — Li"' COC CO SD. L 4) N _ v V) �C co 4-, 1111.1111 CN _ 4-' m L� 4-n3 03 U a) a) L o 8' 8' 6 8 o 8 o 8 a) 0 v ° -C E o @2VN82 ( n a--' ,� Q) �i .- .�i r-i �i c» ,cn. in, r) co D N C > _c •.n • , cn in: cra • +J �- Cli4-1 -DEC) o 1 0CL cC 0 > s_ L > 0 N > O .}.J U n v a L O01111 - CLiiia 1 6 1 1 A2 N C 0 E CU v O a! cE CU C Q) n CO v N C m O O > o O Q) aJ o O 0_ v o L C'ne tj Eco v dA c, 'o Q) m E c ci _CoCI- z 4-1� v V) Q) U •� C NO V D c� - >. N -0 o (73 •...... 't .I C v - N Q v U O O c = c6 Q) CU N Q) U 4-- 4-, c v N ,„r:; N 0.. > a > = c Q) L O v 0 �- N V)C13 _c }' 'a v V N C uu N 0CU tij Si} vv,. n Q) 0 > 4m+ C O O QH Q ) ! 40Q) N N '- '-' � o 11111 a u,r1,3, <, CI. A ill 1 6 1 1 A 2 v.4-1U C v) a) .A CO O C •— O U a) Od O u E U U U 'i >- O N i coN ` •i •— C) Q_) Lif) -0 C) N �i C) c s_ C Cton C a i O 0 :�., c _0 4= L-- 04— LI) i— C6 CO +-+ c>3 N >C ) .0 C) I— C.) r-1 '~ C C) CI) 4— c—I-I }' C O 1-1 CD c N C 75 c 0 C C O .4—, �O 00 C O D1 o C O O z C) O ri o C =_ , 0- t O •ch Q) c Sr. co al N C O O 4— O N a) O •— c0 CO CO v 0 N 0 13 2(0 � Q) O > a) E _O C N rilC N x i no V) �V) j tx0 S. U (. S E a) S? G) Iz 22 = 0 i 0- c +., a) O E CZ .— t>3 E C6 —C. V O fl. 0 d) C 0 zL — C V C _ ] 5 a1(tiO O C VI Ca)CU C CD O �' d) c0 + a v) a) N _C>. C) C v) c a) a) cn i C -1- ) c C O C v) V) Q v (4 C 0 Co +J O - ._ ++ .N .N v v N •— _ .E • _ E .s-: ate-+ d) -0 -0 C co c t d N N .O C C C N m CD \../ V • 0 '-r? 0 y a _0 _0 E c m m r-1 •4-1 a) M r+ a 4_, +r a) C) >- +� th IA- 401 --. Z Q II cCa t� • • 13-1 Q lii' 1611A . ch U r_., OD CO N C 0_ Y N co E j coc N _C > -a 73 U0 C C •— ('3 ca +' c > >- 0 L w 0 -05i--i LI) U c M5 C a) 4 c L C C -c o x a m • C C C O� p• •O C (0 N C C N = 0 - -0 ' • o DD E S- N Z� - a) Cr) N � • 0-c 0 a--) C c--I r-I C CI) C 0 v cn CO tn. a) N - ` - E c _0 D a) +,, C - 0 O p `u - v CO > E 73 o\° co C N. oN •C -c a O +� a) c-1 -C O C U t!)• hA c L C `-ea 0 O a) +, _ c CU - x � 4-, 0 L._ L (a �- N E L L L a--+ co Q) a--+ L — CO - O 0 '4- '3 Cr) 4.3 C 0 V — O O 0 j OA > Oc N c co 0 L__ -0 v U o d• 00 N - � c Ocr, cc)SD c o ,r) r i >' (fc 0 >•• 4-' N 0 N (r) 4- CU a) 4i• N 4.-, .4' 00 `F- O •_U •_U 73C `'U C cora �` 0 4-1L (B O U a) 13.0 OO O O +, a--+ ,) Q COC " C v a, _SD o , N a) C) U 'C L C O L r.� 1- In 0 v u C S (6 (6 -01 (3 N 73 73 p -05 (73 a-) a--+ C C co 03 I c _0 o '_ �' aA �, cn U U aJ — C N -o - •— •N _c Q L NJ U — a) a) a QJ 0 441.01 - - C L CO (0 CO f6 (1 - 0 0 .- C c.) •Q "' aJ Q) c E E E E 004 a—� • a) aJ (1) C N vii c- in vii - H H L 4_) u. U D O w w w w (14 < • • • • • • • • • • • 1111 ! 61 1A2 .4__J C L L V C W O 75 2 ct in fn I a `° a, V 0 ^ m 00 01 c " "v In 0 a N m N, r-4 O Op d tN MM C Cll LO ...-IM-� Q6 f�tl M in M co aC v. Bb o O O O O O O Z7 -1-1 = b. lNf1 001 Q1 R M N •y v VT V? 1/} U} L} t!} i!1 o ) ® G VT VT VT VT VT VT 3 : -o W N a V E. G E W a .• v r v cn o v >, c/1 a a v ° °a W u .0 3 o +J N d v = v:76 v o C CO W yecs a u o C E 8 O V M d' N N N E 0cl = co N 01 r Ln c In Oi /� Wy u1 N 0 0 0 d N cn V n N W W 0 i CO w d V 0 00 00 u1 vY 0. M N V h @ t+ �0 LI) N U1 .--I N W z t-. cn LD V1 In 00 m03 v . ^1 }. C O N in d' N r-- T., y. G C C' M to O N� O a N V `L Q F+ N m M .-I rl C a a--1 N N N ,,,„°c' �' V Vs J d E v +n r o a d vT LI) UT v U eV = m M j E a a o Q al' (I) I `x d N as .ro M ¢ v vl (I) CO to a o N• ;V) Jv v aa L 4-0 fN9 Gi ..E ' 0 — v aa N. J Ol N O 000. Q .1 Co Q1 N N 4! ! Ql CO N d L.0 N CO CO M uC Q � _ O CU c ,n LU ,n p1 CO0 3 0 _n' 0 c ti ,n ct m L.n00 DO 0 'Q -O Q. = a CO LO 01 lD m O Sl a V1 V kr) O rl CO 0 a., ai 2 o E NI m m ri N c-i © c E r ,-i. N To LU 0 +') Q Ln ° S v V• � V). Util- ..0 uu ^ o Ei O CU 2 co 2 co v a)• � o cn Ln to ./. •0 N W a a as w v �• a_ c n N Q '� u o a a o o a v v O Q X CO r00 p v, vi 0L. X rLi `�a � 0 Cr ,n a 7 ��// M. W U U V N d' R W V V V N V 1E L._ •— .4.") N- T LL CD ID +-+ U a W •— --i L M 111514 cC 111! 1611A2 03 N cop o au 4J 0.0• a) c E -a � E `71• .4 ) o o c 00 C 4-) V) •ch aJ C C 0 c L_ o O ULA 0 U � QJ CD E C) c •7_ c a) o _ a) 7 C) • o a) L a) Cl) co a) . > v) 4-) Cl) �'4-) 4- > C C (f) Q > V aJ c o -0 V) o Q co C) — — - c � C) Ca > co a1 CU CU CO C •�,.) 0 v > o > CO > a.) >' .7 4 o CU C a) o a co — -a 4J _ a C � o 1- 4-0 i4-0 > O.) 405 U) X a) CO U Cl) i-+ a (1.)v) }, -O 0 a1 -0 C (73 0JC CU 0_ E > a) 0 (1) U cn C) - [a .F., 0 C CU C C i _+ C � O C t .- 0_ C +-' U �' •O Q) 4- v co N > '0 4- 4-) Q U Q C co c -0 `,E Q m o ▪ C C C Cl) v N E N -0 OD a) •- > a_, v) C) (1) C Q) M ) 4-., X •C -O N •- v cD v o Cl) 0.0 a) .C co co • L X C c v 4-' -0 -0 C U) v On N CD O Cl) v c CD Cl) u C v 4— CU o tat) = °) a) C -O O• N +, N C D Q. C C O O — X a3 a) o bp bp Z = CO• O In t/) E L C C 4_, .N E L CDU U CO a C U_ _EU i U U U v) 'i_ 'i a +-. a) 'L- (1) L .L 'L -0 C v N car) - - C �./ .. E 0 O 0 O v) 0 0 � 0 U 0 0 _0 11 a) a) — a.) 1 a) v > C) o Cl) (3) C) _C CO C v) _C a1 C i _C D I- 1-- _a I- co I- E 73 I- a H H H a ( •) • • • . • • • • • 1111 1 6 1 1 A To: Justin Faircloth, District Manager From: Leonard Belanger, OWner Heritage Bay Golf& CC Date: February 19, 2018 Subject: Comments for March 19th Public Hearing I would like to comment on the future repairs for Lake 30A Bridge Quadrants for damage caused by hurricane Irma in 2017. As the CDD considers options for repairing this damage and the funding for this project, I would like to know if the committee has ever considered installing retaining walls or pilling's to shore up the soil that supports the road and bridge across this lake? Given the damage from the constant wave action against the supporting soil banks, why do we continue to simply back fill the washed out areas with soil and rock which will only get washed back into the lake given the next storm? I would think that our money would be better spent on a more permanent and longer term solution while minimizing shorter term ongoing maintenance of these areas. The supporting soil for the access road and bridge needs to be stabilized and protected with better engineering and better materials, as compared to the short term "patching" fix that is being considered and funded by our CDD dollars. As owners, we would like to see our dollars go toward fixing these problems, not just toward never ending maintenance and future storm repair. Thanks for your consideration in this matter, Sincerely, 47)'W Leonard Belanger 1 6 1 1 A 2 Heritage Bay Community Development District 210 N. University Drive, Suite 702, Coral Springs, FL 33071 Phone: (954) 603-0033 February 20, 2018 Attn: Janette and Paul Peterson Via emailjanettepeterson1959@gmail.00m Re: PID#76528911401 Dear Janette, The above referenced property within the Heritage Bay Community Development District (Heritage Bay CDD) Is subject to annual operating and maintenance assessments and also has a special assessment on the property. As a result of these assessments, the total obligation for the current fiscal year shown on your Collier County tax bill is $1,061.07 and is comprised of Operation & Maintenance in the amount of$357.89 and the debt service in the amount of $703.18. Please note these assessments appear in the"Non-Ad Valorem" section of your Collier County tax bill. The Heritage Bay CDD is billed in advance and the fiscal year is October 1st—September 30th. The outstanding balance for the Series 2014 Debt Assessment is $8,342.59 after the 2017 - 2018 payment is made. Should the owner want to prepay this amount, it must be received by March 5th, 2018. Please note the principal lien on this parcel does not require payment in full in order to transfer ownership of the property. Your payment should be made payable to the Heritage Bay Community Development District and mailed to the District's address as noted above. Please include either the Parcel Identification Number or the Property Address on your check. If you have any further questions, please feel free to call me at(954) 603-0034. Sincerely, Luvinia LaCap Luvinia LaCap Treasury Services /II 1611A Subject: FW: HB CDD -3-19-18 agenda item Attachments: Letter re PID#76528911401.pdf From: Faircloth,Justin [mailto:Justin.Faircloth@inframark.com] Sent: Friday, February 23,2018 1:22 PM To:Paul.Peterson57@gmail.com; Peterson,Janette<JanettePeterson@sd54.k12.il.us>; janettepeterson1959@gmail.com Cc:Williams,Tina<Tina.Williams@infrarnark.corn> Subject:HB CDD-RE:Assessment Good Afternoon, As discussed on the phone earlier in the week, the outstanding balance of$8,342.59 is a result of the original bond debt attached to your parcel from the Series 2005 Capital Improvement Revenue Bonds in the par amount of$20,125,000 ("Original Bonds") to fund a portion of the District's various infrastructure improvements. In 2014, the District issued its Capital Improvement Revenue Refunding Bonds, Series 2014 in the par amount of$17,490,000 for the purpose of refunding the then-outstanding Original Bonds in order to take advantage of lower interest rates. The $8,342.59 is all principal. Attached is a copy of the FY 2018 budget and on the last page (p.21) there is a comparison of Assessment Rates, and yes all 4-story units pay the same amount. More information about the District can be found on the website at www.heritagebaycdd.com. Please let me know if you have any further questions. Sincerely, Justin Justin Fairctoth I District Manager (16NINFRAMARK IFFN,AGTsuC TURF MANAGE.€NI SERVICES 5911 Country Lakes Drive I Fort Myers, FL 33905 (0)239.245.7118 ext. 306 I (M)239,785.0675 I www.inframarkims.com SUPERVISORS,PLEASE DO NOT REPLY TO ALL AS THIS COULD BE A VIOLATION OF THE FLORIDA SUNSHINE PROVISIONS. CONFIDENTIALITY NOTICE:The information in this email is intended for the sole use of the recipient(s)and may be confidential and subject to protection under the law.If you are not the intended recipient,you are hereby notified that any distribution or copying of this email is strictly prohibited.If you have received this message in error,please contact the sender immediately and delete your copy from your computer. From:Peterson,Janette[mailto:JanettePeterson@sd54.k12.il.us] Sent:Tuesday, February 20,2018 2:20 PM To:Williams,Tina<Tina.Williams@inframark.com> Cc:'Paul.Peterson57@gmail.com'<Paul,Peterson57@gmail.com> Subject:Assessment 1 1 6 1 1 A Hi Tina, Per our phone conversation this afternoon, attached is a copy of a letter we received by email today, answering my request for obtaining the$8,342.59.total ofOo r Series 2014 are asDDebt Assessment in case we decide to pay it before March 5, 2018, which ❖ Why is this total amount so incredibly high? ❖ What does this dollar amount represent? ❖ Please provide a breakdown of the $8,342.59 dollar amount. ❖ Do other 4-story homeowners have the same high 2014 Debt Assessment? I have copied my husband, Paul Peterson, on this email transmission, so that he is also informed of this communication. Kindly"Reply All"when you send your reply. Thank you. Respectfully, Janette Janette Peterson Administrative Assistant to Mr. Ric King Business Operations Department Schaumburg School District 54 524 East Schaumburg Road Schaumburg, IL 60194 Tel: (847)357-5011 Fax:(847) 357-5001 Email: JanettePeterson@sd54.org Website:www.sd54.org 4its, 2 1611A2 Subject: FW:HB CDD - 3-19-18 Agenda Items From:Wendell G.Gaertner[mailto:wgaertner@pragadvisors.com] Sent:Friday, March 09, 2018 1:28 PM To: Faircloth,Justin<Justin.Faircloth@infrarnark.com> Subject:FW: HBCDD Proposed Financing From:Wendell G.Gaertner Sent: Friday, March 09, 2018 10:25 AM To:'Raymond Hart'<rghcpaPcomcast.net> Cc: Koncar, Robert<Bo'o.Koncar@inframark.com>;ehubbardPheritagebaycdd.com Subject:RE: HBCDD Proposed Financing Mr. Hart, I appreciate your follow-up on this item,we do have a structure with several moving parts. The bonds will be sold via negotiated sale with Raymond James as the underwriter as that made restructuring the loan easier. I will make a full presentation on the 19th with current numbers. We now have a fairly accurate picture of costs, available funds on hand and expected credit structure. I expect the final increases to be significantly less than the maximum amounts noticed. Thanks, Wendell G.Gaertner Senior Managing Director Public Resources Advisory Group 150 Second Avenue North,Suite 400 St.Petersburg,FL 33701 Office: (727)822-3339 Mobile: (813)830-8371 Fax: (727)822-3502 wgaertner@FRAGAdvisors.com Nun Nor PRAG From: Raymond Hart [mailto:rghcpa@comcast.netl Sent:Thursday, March 01,2018 10:14 PM To:Wendell G.Gaertner<wgaertnerepragadvisors.com> Cc:Koncar,Robert<Bob.Koncar@inframark.com>;ehubbard@heritae_baycdd.com Subject:Re: HBCDD Proposed Financing Mr. Gaertner: Thank you for your response to my inquiry. I must say the arrangement with the bank is somewhat unusual but apparently fortuitous.lf these bonds are held by bank for their own account, the redeployment of 161 1 AZ capital in a rising interest rate will be to their advantage. Will these bonds be sold competitively or by negotiation ? If by negotiation, will the current holder be involved ?And finally, will detail numbers be available on the 19th ? I understand your explanation of the information distributed and frankly most people in Heritage Bay probably aren't in a position to form an opinion on the estimates.However having prepared many of these analyses through my years at Public Finance Associates, the estimates seems high given that about 25 of the total proposed issuance is new money. I assume that the refunding bonds selling with a rating will be priced somewhere close the 2014 bonds not withstanding interest rates have increased since 2014. Sincerely, Raymond Hart From:"Wendell G.Gaertner"<wgaertner@pragadvisors.com> Date:Wednesday, February 28,2018 at 4:57 PM To: Raymond Hart<rghcpa@comcast.net> Cc:"Koncar,Robert"<Bob.Koncar@inframark.com>,"ehubbard@heritagebaycdd.com" <ehubbard@heritagebaycdd.com> Subject:RE:HBCDD Proposed Financing Mr.Hart, Mr.Koncar asked me to address your questions in regards to the refunding of the Series 2014 bonds. You are correct that under the new tax law tax-exempt bonds cannot be advance refunded. Luckily,we had previously negotiated with the hank who holds the Series 2014 bonds to waive their call rights and allow the District to currently refund the Series 2014 bonds on a tax-exempt basis. As to the assessments,the calculations for the notice were based on extremely conservative assumptions since we did not have all of the information available at that time such as interest rates,funds on hand and the expected rating. Since then we have confirmed the funds on hand and received positive feedback from the rating agencies and expect that the actual assessments will be significantly lower than the amounts noticed. Regards, Wendell G.Gaertner Senior Managing Director Public Resources Advisory Group 150 Second Avenue North,Suite 400 St.Petersburg,FL 33701 Office: (727)822-3339 Mobile:(813)830-8371 Fax: (727)822-3502 wgaertner@PRAGAdvisors.com PRAG 2 1611A2 From:Koncar, Robert[mailto:Bob.Koncar@inframa_rk.com] Sent:Sunday, February 25,2018 4:31 PM To:Wendell G.Gaertner<wgaertner@pragadvisors.com> Subject:FW:HBCDD Proposed Financing Wendell,please review the questions below and provide a response to Mr. Hart and copy me.Thanks. From:Raymond Hart[mailto:rghcpa@corncast.net] Sent:Tuesday, February 20,2018 9:53 AM To:Koncar,Robert<Bob.Koncarginframark.com> Cc:Edwin B Hubbard<hubbsbuflo@holmail.com> Subject: HBCDD Proposed Financing Mr. Koncar: I was on the website looking to to see if the financial plan prepared by PRAG for the refunding and new money bonds was posted. I didn't see this information. I recently received a notice from the CDD, which included estimated effects of the financing. I reside in a coach home and noted that annual debt service for my unit would increase by approximately $ 600 or 60%. Given that new money would make up a small amount of the total financing, this seemed like a rather large increase. One of my concerns is that the proposed refunding bonds would not qualify for tax-exempt status. Prior to the recent tax act, tax-exempt bonds could be ADVANCE refunded once, which was done in 2014.The new tax act provides that advance refunding tax- exempt bonds may be issued only as taxable bonds. Although the refunding has been discussed, the details have been missing thus far. I am fairly certain any change to the 2014 issue structure would constitute a refunding in substance if not form.I look forward to your response so that I might understand exactly what the CDD is attempting to do. Your attention to this matter is appreciated. Sincerely, Raymond Hart 3 1 6 1 1 A 2 RESOLUTION 2018-6 A RESOLUTION OF THE BOARD OF SUPERVISORS OF HERITAGE BAY COMMUNITY DEVELOPMENT DISTRICT AUTHORIZING AND CONFIRMING DISTRICT PROJECTS FOR CONSTRUCTION AND/OR ACQUISITION OF INFRASTRUCTURE IMPROVEMENTS; MAKING CERTAIN FINDINGS INCLUDING THE REFUNDING OF THE DISTRICT'S CAPITAL IMPROVEMENT REVENUE REFUNDING BONDS, SERIES 2014 AND IMPOSITION OF SERIES 2018 ASSESSMENTS; EQUALIZING, APPROVING, CONFIRMING, AND LEVYING SPECIAL ASSESSMENTS ON LOTS OR PARCELS OF LAND WITHIN THE DISTRICT SPECIALLY BENEFITTED BY SUCH PROJECTS TO PAY THE COST THEREOF;CONFIRMING AND ADOPTING A SUPPLEMENTAL ASSESSMENT REPORT; PROVIDING FOR THE PAYMENT AND THE COLLECTION OF SUCH SPECIAL ASSESSMENTS BY THE METHODS PROVIDED FOR BY CHAPTERS 170, 190,AND 197 FLORIDA STATUTES; PROVIDING FOR THE RECORDING OF AN ASSESSMENT NOTICE; PROVIDING FOR SEVERABILITY,CONFLICTS AND AN EFFECTIVE DATE. RECITALS WHEREAS, Heritage Bay Community Development District (the "District") is a local unit of special-purpose government organized and existing in accordance with Chapter 190, Florida Statutes, as amended(the Uniform Community Development District Act of 1980)(the"Act"),created by Ordinance No.05-24 of the Board of County Commissioners of Collier County, Florida,effective on May 31, 2005; and WHEREAS,the District has previously indicated its intention to construct certain types of public infrastructure improvements and to finance such public infrastructure improvements through the issuance of bonds, which bonds would be repaid by the imposition of special assessments on benefited property within the District;and WHEREAS, the District has previously acquired or constructed certain public infrastructure improvements and financed some or all of such acquisition or construction of such public infrastructure improvements through the issuance by the District of capital improvement revenue bonds, which capital improvement revenue bonds are currently being repaid by the imposition of special assessments on benefitted lots or land within the District;and WHEREAS,the District has determined that it is in the best interest of,and advantageous to,the District and its residents to(i)refund the outstanding Series 2014 Bonds(as defined herein)in light of the current economic environment and (ii) construct, acquire and/or improve certain supplemental public improvements described herein;and WHEREAS,the District's Board of Supervisors(the"Board")has noticed and conducted a public hearing pursuant to Chapters 170, 190 and 197,Florida Statutes relating to the imposition,levy,collection 1 of9 1 6 1 1 A 2 Resolution 2018-6 Heritage Bay Community Development District Final Assessment Resolution and enforcement of the special assessments for the refinancing of the outstanding Series 2014 Bonds(as defined herein)and for such other purposes as set forth in this Resolution. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF HERITAGE BAY COMMUNITY DEVELOPMENT DISTRICT AS FOLLOWS: SECTION 1. AUTHORITY FOR THIS RESOLUTION; RECITALS. This Resolution is adopted pursuant to Chapters 170, 190 and 197, Florida Statutes, including without limitation, Section 170.08,Florida Statutes. The foregoing recitals are trite and correct and incorporated herein by reference. SECTION 2. FINDINGS. The Board of the District hereby finds and determines as follows: (a) The District is a local unit of special-purpose government organized and existing under and pursuant to the Act. (b) The District is authorized by the Act, to finance, fund, plan, establish, acquire, install, equip,operate,extend,construct,or reconstruct roadways,water management and control facilities,water and wastewater systems, irrigation facilities and other public infrastructure projects, and services necessitated by the development of,and serving lands within,the District. (c) The District is authorized by the Act to levy and impose special assessments,including the Series 2018 Assessments(as defined below),to pay all,or any part of,the cost of such public infrastructure projects and services and to issue special assessment notes or bonds payable from such special assessments as provided in Chapters 170 and 190, Florida Statutes. (d) The Board previously adopted Resolution Nos. 2005-17, 2005-18 and 2005-21 (collectively,the"Original Assessment Resolutions"), in which the Board determined to construct and/or acquire certain public improvements (the"2005 Project") described in that certain Engineer's Report for the Heritage Bay Community Development District prepared by Wilson Miller and dated July 22,2005,as supplemented(the"Engineer's Report"). The plans and specifications for the 2005 Project are a part of the District's records,as approved by the Board in the resolutions adopted by the Board in connection therewith. A copy of the Engineer's Report is incorporated herein by reference and maintained on file at the offices of Special District Services, Inc.,The Oaks Center, 2501A Burns Road, Palm Beach Gardens, FL 33410 (the"District Manager's Office"). (e) On November 9, 2005, the District issued its $20,125,000 Heritage Bay Community Development District Capital Improvement Revenue Bonds,Series 2005("Series 2005 Bonds")in order to finance the acquisition and construction of a portion of the 2005 Project pursuant to the authority set forth in Resolution No.2005-16 adopted July 21,2005 and Resolution No.2005-25 adopted September 22,2005. (f) The Board previously determined in the Original Assessment Resolutions that it was in the best interest of the District to pay for all or a portion of the 2005 Project by imposing,levying,and collecting special assessments pursuant to Chapter 170, 190, and 197, Florida Statutes (the "Series 2005 Assessments"). (g) The Board previously determined in the Original Assessment Resolutions that benefits will accrue to the property improved from the 2005 Project, the amount of those benefits, and that the Series 2of9 1 6 1 1 A 2 Resolution 2018-6 Heritage Bay Community Development District Final Assessment Resolution 2005 Assessments would be made in proportion to the benefits received as set forth in that certain Adopted Master Assessment Methodology for Heritage Bay Community Development District prepared by Fishkind &Associates, Inc. and dated September 22, 2005, as supplemented by that certain Supplemental Master Assessment Methodology for Heritage Bay Community Development District prepared by Fishkind & Associates,Inc.and dated November 8,2005(collectively,the"Original Methodology Report"). (h) The Board previously authorized and approved the issuance of the District's $17,490,000.00 Capital Improvement Revenue Refunding Bonds, Series 2014(the"Series 2014 Bonds") for the purpose of refunding the then-outstanding Series 2005 Bonds in order to take advantage of lower interest rates.On or about September 12,2014 and following the issuance by the District of the Series 2014 Bonds,all of the outstanding Series 2005 Bonds were repaid and are no longer outstanding. (i) In connection with the issuance of the Series 2014 Bonds to refund the outstanding Series 2005 Bonds, the Board adopted Resolution No. 2014-11 (the"Supplemental Assessment Resolution") to modify and reallocate the Series 2005 Assessments(which Series 2005 Assessments had been previously adopted and levied pursuant to the Original Assessment Resolutions and had been originally allocated for the Series 2005 Project pursuant to the Original Methodology Report)in the manner outlined in the Heritage Bay Community Development District Assessment Allocation Report for the Capital Improvement Revenue Refunding Bonds,Series 2014 prepared by Severn Trent Services and dated August 11,2014(the "Series 2014 Supplemental Assessment Report"). (The Original Assessment Resolutions,as supplemented by the Supplemental Assessment Resolution are hereinafter collectively referred to as the "Assessment Resolutions" and the Series 2005 Assessments, as modified pursuant to the Supplemental Assessment Resolution,are hereinafter referred to as the"Modified Series 2005 Assessments"). (j) The District is authorized by Section 190.016,Florida Statutes,among other provisions of Florida law, to issue bonds to provide for the retirement or refunding of any bonds or obligations of the District,and to secure any refunding bonds with special assessments. (k) Pursuant to Resolution No. 2018-7, which is being adopted by the Board contemporaneously herewith, the Board has declared its intent to issue capital improvement revenue refunding bonds and/or capital improvement revenue bonds in one or more series(the"Series 2018 Bonds") for the following purposes: (i) refund the outstanding Series 2014 Bonds in order to take advantage of current economic conditions and potential cost and/or interest rate savings and(ii)constructing,acquiring and/or improving certain public improvements, including certain stormwater management improvements and refunding a 2015 loan from Valley National Bank (formerly CNL Bank) for retaining wall improvements(the"Supplemental Project")as set forth in that certain Supplemental Engineer's Report for Heritage Bay CDD prepared by CPH, Inc. and dated January 19, 2018 (the "Supplemental Engineer's Report"),a copy of which is attached hereto and made a part hereof as Exhibit"A"and maintained on file at the offices of CPH, Inc.,2216 Altamont Ave.,Fort Myers,FL 33901 ("District Engineer's Office")and the District Manager's Office. (1) As set out in Resolution 2018-2,the District determined it necessary to secure the Series 2018 Bonds through a levy of special assessments pursuant to Chapters 170, 190,and 197,Florida Statutes (the"Series 2018 Assessments"). (m) It is necessary to the public health,safety and welfare and in the best interests of the District that(i)the District provide(A)the 2005 Project,the nature and location of which was initially described in 3 of 9 1 6 1 1 A 2 Resolution 2018-6 Heritage Bay Community Development District Final Assessment Resolution the Assessment Resolutions and is shown in the Engineer's Report and the plans and specifications on file at the District Manager's Office and(B)the Supplemental Project, the nature and location of which was initially described in Resolution 2018-2 and is shown in the Supplemental Engineer's Report and the plans and specifications on file at the District Engineer's Office and the District Manager's Office; (ii)the cost of such 2005 Project and the Supplemental Project be assessed against the lots and lands within the District specially benefitted by the 2005 Project and the Supplemental Project;and(iii)the District issue the Series 2018 Bonds to provide funds for such purposes pending the receipt of the Series 2018 Assessments. (n) The provision of the 2005 Project and the Supplemental Project,the levying of the Series 2018 Assessments,and the sale and issuance of the Series 2018 Bonds serve a proper,essential,and valid public purpose and are in the best interests of the District,its landowners and residents. (o) By Resolution No. 2018-2 adopted by the Board of the District,the Board determined to provide the 2005 Project and the Supplemental Project and to defray the costs thereof by levying the Series 2018 Assessments on benefitted lots and land within the District and expressed an intention to issue the Series 2018 Bonds. Resolution No. 2018-2 was adopted in compliance with the requirements of Section 170.03,Florida Statutes,and prior to the time it was adopted,the requirements of Section 170.04, Florida Statutes,had been met (p) As directed by Resolution No. 2018-2, said Resolution No. 2018-2 was published as required by Section 170.05,Florida Statutes,and a copy of the publisher's affidavit of publication is on file with the Secretary of the Board. (q) As directed by Resolution No.2018-2,a preliminary assessment roll was adopted and filed with the Board as required by Section 170.06,Florida Statutes. (r) As required by Section 170.07, Florida Statutes, upon completion of the preliminary assessment roll,the Board adopted Resolution No.2018-3 fixing the time and place of a public hearing at which owners of the property to be assessed and other persons interested therein may appear before the Board and be heard as to(i)the propriety and advisability of making the infrastructure improvements; (ii) the cost thereof; (iii)the manner of payment therefor; and(iv)the amount thereof to be assessed against each specially benefitted lot or parcel of land and provided for publication of notice of such public hearing and individual mailed notice in accordance with Chapters 170, 190 and 197,Florida Statutes. (s) Notice of such public hearing was given by publication and also by mail as required by Section 170.07,Florida Statutes. Affidavits as to such publications and mailings are on file in the office of the Secretary of the Board. (t) On March 19, 2018,being the date referenced in Resolution No. 2018-3, and at the time and place specified in the published notice specified in Resolution No. 2018-2, the Board met as an Equalization Board,conducted a public hearing and heard and considered all complaints and testimony as to the matters described in paragraph(r)above. The Board has made such modifications in the preliminary assessment roll as it deems necessary,just and right in the making of the final assessment roll. (u) Having considered the estimated costs of the 2005 Project and the Supplemental Project, estimates of refinancing costs and all complaints and evidence presented at such public hearing,the Board further finds and determines as follows: 4 of 9 1 6 1 1 A 2 Resolution 2018-6 Heritage Bay Community Development District Final Assessment Resolution (i) the estimated costs of the 2005 Project and the Supplemental Project as specified in the Engineer's Report and Supplemental Engineer's Report,respectively,which reports are hereby adopted and approved, and that the amount of such costs is reasonable and proper; (ii) it is reasonable,proper,just and right to assess the cost of such 2005 Project and the Supplemental Project against the lots and land within the District specially benefitted thereby using the method determined by the Board set forth in the Original Methodology Report, as supplemented by the Series 2014 Supplemental Assessment Report, and as further supplemented and amended by that certain Heritage Bay Community Development District Assessment Allocation Report for Capital Improvement Revenue Refunding Bonds, Series 2018A-1 and Capital Improvement Revenue Bonds, Series 2018A-2 prepared by Inframark,LLC and dated January 19,2018 (the"Series 2018 Supplemental Assessment Report"), a copy of which is attached hereto and incorporated herein as Exhibit"B",which results in the Series 2018 Assessments set forth on the final assessment roll. (The Original Methodology Report, as supplemented by the Series 2014 Supplemental Assessment Report,and as further supplemented and amended by the Series 2018 Supplemental Assessment Report arc sometimes collectively referred to herein as the "Assessment Methodology Report"); (iii) it is hereby declared that the 2005 Project the Supplemental Project will constitute a special benefit to all parcels of real property listed on said final assessment roll and that the benefit, in the case of each such parcel,will be equal to or in excess of the Series 2018 Assessments thereon when allocated as set forth in the Assessment Methodology Report; (iv) the Series 2018 Assessments which are allocated as set forth in the Assessment Methodology Report have been fairly and reasonably allocated;and (v) it is in the best interests of the District that the Series 2018 Assessments be paid and collected as herein provided. SECTION 3. AUTHORIZATION OF DISTRICT PROJECT. The 2005 Project and the Supplemental Project for construction of public infrastructure improvements described in Resolution No. 2018-2, and more specifically identified and described in the Engineer's Report and the Supplemental Engineer's Report, are hereby authorized and approved and,to the extent the either has not already been declared complete within the meaning of the applicable trust indenture and under Sections 170.08 and 170.09,Florida Statutes,the proper officers,employees and/or agents of the District are hereby authorized and directed to take such further action as may be necessary or desirable to cause the same to be made. SECTION 4. ESTIMATED COST OF IMPROVEMENTS/REFUNDING. The total cost of the 2005 Project was set forth in Resolution 2018-2. The total estimated cost of the Supplemental Project the refunding of the outstanding Series 2014 Bonds,and the costs to be paid by the Series 2018 Assessments on all specially benefitted lots or parcels of land,are set forth in the Series 2018 Supplemental Assessment Report. 5of9 16 % 1A2 Resolution 2018-6 Heritage Bay Community Development District Final Assessment Resolution SECTION 5. EQUALIZATION,APPROVAL,CONFIRMATION AND LEVY OF SERIES 2018 ASSESSMENTS. (a) Levy and Imposition of Series 2018 Assessments. The Series 2018 Assessments on the lots or parcels of land specially benefitted by the 2005 Project and the Supplemental Project,all as specified in the assessment roll set forth in the Series 2018 Supplemental Assessment Report,are hereby equalized, approved, confirmed and levied. The Series 2018 Supplemental Assessment Report confirms that the benefits of the 2005 Project and the Supplemental Project exceed the costs when allocated in the manner set forth in the Series 2018 Supplemental Assessment Report. The Series 2018 Supplemental Assessment Report is hereby approved,adopted and confirmed. The Series 2018 Assessments against each respective parcel shown on such final assessment roll and interest,costs and penalties thereon,as hereafter provided, shall be and shall remain a legal,valid and binding first lien on such parcel until paid and such lien shall be coequal with the lien of all state, county, district, municipal or other governmental taxes and superior in dignity to all other liens, titles, and claims. That said, the lien embodied in the Assessment Resolutions shall remain in full force and effect until such time as the Series 2018 Bonds shall be issued and shall thereafter continue as modified pursuant to this Resolution. Upon becoming effective through the issuance of the Series 2018 Bonds,the Series 2018 Assessments and the final assessment roll set forth in the Series 2018 Supplemental Assessment Report shall be recorded by the Secretary of the Board of the District in a special book,to be known as the"Improvement Lien Book". (b) Adjustment to Series 2018 Assessments. Prior to the issuance of the Series 2018 Bonds, the District may, by subsequent resolution, adjust the acreage assigned to particular parcel identification numbers listed on the final assessment roll to reflect accurate apportionment of acreage within the District amongst individual parcel identification numbers. The District may make any other such acreage and boundary adjustments to parcels listed on the final assessment roll as may be necessary in the best interests of the District as determined by the Board by subsequent resolution. Any such adjustment in the assessment roll shall be consistent with the requirements of law. In the event the issuance of the Series 2018 Bonds by the District would result in a decrease in the special assessments from what is shown in the Series 2018 Supplemental Assessment Report, then the District shall by subsequent resolution, adopted within sixty (60)days of the sale of such bonds at a publicly noticed meeting and without the need for further public hearing,evidence such a decrease and amend the final assessment roll as shown in the Improvement Lien Book to reflect such a decrease. (c) Supplemental Assessment Resolution. Upon obtaining final pricing information for the Series 2018 Bonds,the District shall adopt a supplemental assessment resolution at a duly noticed meeting of the District and shall set forth the actual amounts financed,costs of issuance,expected costs of collection, and the total amount of the assessments pledged to the Series 2018 Bonds,which amount shall be consistent with the lien imposed by this Resolution. SECTION 6. FINALIZATION OF SPECIAL ASSESSMENTS. When the entire 2005 Project (if the 2005 Project has not already been deemed complete within the meaning of the applicable trust indenture and under Sections 170.08 and 170.09,Florida Statutes)and the Supplemental Project have both been constructed or otherwise provided to the satisfaction of the Board,the Board shall adopt a resolution accepting the same and determining the actual costs (including financing costs) thereof, as required by Sections 170.08 and 170.09,Florida Statutes. Pursuant to the provisions of Section 170.08,Florida Statutes regarding completion of a project funded by a particular series of bonds,the District shall credit to each special assessment the difference, if any, between the special assessment as hereby made, approved and 6 of 9 1 6 1 1 A 2 Resolution 2018-6 Heritage Bay Community Development District Final Assessment Resolution confirmed and the actual costs incurred in completing the 2005 Project and the Supplemental Project. In making such credits,no credit shall be given for bond financing costs,capitalized interest,funded reserves or bond discounts. Such credits, if any, shall be entered in the Improvement Lien Book. Once the final amount of the special assessment for the entire 2005 Project and the Supplemental Project have been determined,the special assessment shall,with respect to each parcel,mean the sum of the costs of the 2005 Project and the Supplemental Project. SECTION 7. PAYMENT OF SERIES 2018 ASSESSMENTS AND METHOD OF COLLECTION. (a) Payment. The Series 2018 Assessments shall be paid in not more than nineteen(19)annual installments, which installments shall include principal and interest as calculated in accordance with the Assessment Methodology Report. All Series 2018 Assessments collected utilizing the Uniform Method (as hereinafter defined)shall he the amount determined in the first sentence of this paragraph increased by the percentage costs of collection,necessary administrative costs and the maximum allowable discount for the early payment of taxes. The Board may at any time make such adjustments by resolution,at a noticed meeting of the Board,to that payment schedule as may be necessary and in the best interests of the District to account for changes in long and short term debt as actually issued by the District. (b) Pre-payment. (i) Prior to the Series 2018 Assessments becoming effective,landowners may pre-pay the Modified Series 2005 Assessments in full on or before March 5,2018 at 5:00 p.m. ("Pre payment Date"). (Note that certain of such pre-payments may or may not be reflected in Exhibit"A" at the time of the adoption of this Resolution.) The Series 2018 Assessments shall take into account any lots or land for which the Modified Series 2005 Assessments have been prepaid in full,if any. (ii)Subsequent to the Pre-payment Date and subject to the provisions of any supplemental assessment resolution, the Series 2018 Assessments may be prepaid in full including interest amounts to the next succeeding interest payment date or to the second succeeding interest payment date if such a prepayment is made within thirty(30)calendar days before an interest payment date. The owner of property subject to the Series 2018 Assessments may prepay the entire remaining balance of the Series 2018 Assessments at any time,or a portion of the remaining balance of the Series 2018 Assessments one time if there is also paid, in addition to the prepaid principal balance of the Series 2018 Assessments,an amount equal to the interest that would otherwise be due on such prepaid amount on the next succeeding interest payment date for the bonds,or,if prepaid during the thirty(30)day period preceding such interest payment date,to the interest payment date following such next succeeding interest payment date. Prepayment of the Series 2018 Assessments does not entitle the property owner to any discounts for early payment. (c) Uniform Method. The Series 2018 Assessments shall be collected in accordance with the provisions of the Act and Chapter 170 or Chapter 197, Florida Statutes, or any successor statutes thereto, as applicable, in accordance with the terms of this Section. The District shall use the uniform method of levying,collection and enforcement of special assessments authorized by Sections 197.3631, 197.3632 and 197.3635, Florida Statutes or any successor statutes thereto(the"Uniform Method"),except as otherwise provided herein. The District has heretofore taken or will use its best efforts to take, as timely required, necessary actions to comply with the provisions of said Sections 197.3631, 197.3632 and 197.3635,Florida Statutes. The Series 2018 Assessments may be subject to all of the collection provisions of Chapter 197, 7 of 9 1611A2 Resolution 2018-6 Heritage Bay Community Development District Final Assessment Resolution Florida Statutes. Notwithstanding the above, in the event either(i)the Uniform Method of collecting its special or non-ad valorem assessments is not available to the District in any year and/or(ii) if otherwise determined by the District to be in its best interest,the Series 2018 Assessments may be collected pursuant to any available method under Chapters 170, 190, and 197, Florida Statutes, or any successor statutes thereto, or as is otherwise permitted by law including, without limitation, collection of the Series 2018 Assessments by directly assessing landowner(s)and enforcing said collection in any manner authorized by law. The collection and enforcement of the Series 2018 Assessments in any year pursuant to any one method shall not, unless prohibited by law or the provisions of this Section, preclude the District from electing to collect and enforce the Series 2018 Assessments pursuant to any other method permitted by law or the provisions of this Section in any subsequent year. All of the foregoing shall be subject to the specific collection terms set forth in the applicable trust indenture entered into by the District in connection with the Series 2018 Bonds. (d) Agreement with Tax Collector. For each year the District uses the Uniform Method,the District shall enter into an agreement with the Tax Collector of Collier County who may notify each owner of a lot or parcel within the District of the amount of the Assessment, including interest thereon, in the manner provided in Section 197.3635,Florida Statutes. SECTION 8. GOVERNMENT PROPERTY;TRANSFERS OF PROPERTY TO UNITS OF LOCAL, STATE, AND FEDERAL GOVERNMENT. Property owned by units of local, state, and federal government shall not be subject to the Series 2018 Assessments without specific consent thereto. If at any time,any real property on which the Series 2018 Assessments are imposed by this Resolution is sold or otherwise transferred to a unit of local, state, or federal government (without consent of such governmental unit to the imposition of special assessments thereon), all future unpaid Series 2018 Assessments for such tax parcel shall become due and payable immediately prior to such transfer without any further action of the District. SECTION 9. ASSESSMENT NOTICE.The District's Secretary is hereby directed to record a general Notice of Assessments in the Official Records of Collier County, Florida,which shall be updated from time to time in a manner consistent with changes in the boundaries of the District. SECTION 10. SEVERABILITY. If any section or part of a section ofthis Resolution be declared invalid or unconstitutional, the validity, force and effect of any other section or part of a section of this Resolution shall not thereby be affected or impaired unless it clearly appears that such other section or part of a section of this Resolution is wholly or necessarily dependent upon the section or part of a section so held to be invalid or unconstitutional. SECTION 11. CONFLICTS. All resolutions or parts thereof in conflict herewith are, to the extent of such conflict,superseded and repealed. SECTION 12. EFFECTIVE DATE. This Resolution shall become effective upon its adoption. 8 of 9 1 6 1 1 A 2 Resolution 2018-6 Heritage Bay Community Development District Final Assessment Resolution PASSED AND ADOPTED this 19th day of March,2018. HERITAGE BAY COMMUNITY DE V ELOPMENTJJISTRICT ATTESTS Just Faircloth,Secretary Edwin Hubbard,Chair Exhibit: Exhibit A: Supplemental Engineer's Report for Heritage Bay CDD prepared by CPH, Inc. and dated January 19,2018 Exhibit B: Heritage Bay Community Development District Assessment Allocation Report for Capital Improvement Revenue Refunding Bonds,Series 2018A-1 and Capital Improvement Revenue Bonds,Series 2018A-2 prepared by Inframark, LLC and dated January 19,2018 9 of 9 1611At SUPPLEMENTAL ENGINEER'S REPORT FOR Heritage Bay CDD 10154 Heritage Bay Blvd. i Naples, FL 34120 JANUARY 19, 2018 Engineers < Planners © Landscape Architects (... Surveyors - Construction Management Design Build Cerfr'ftralr c;•/ A uthori ;. dtiot Ni.< it000.I2 f 2216 Altamont Ave. Ft. Myers, FL 33901 Phone (239) 332-5499 i ;'SPA+``c sF.mss,JeffreyllyM'Satf eld c Nu.V905 V,,,'"Location:State of i.v ' STATE OF ?e.3Florida &\:(oRm?:4�c Date:2018-02-05 -',:,s,4;;;;;:NV s• 11.02:57 16 % 1A2 Heritage Bay CDD Collier County, Florida Supplemental Engineer's Report TABLE OF CONTENTS DESCRIPTION PAGE INTRODUCTION 1 INFRASTRUCTURE IMPROVEMENTS —2018 Project 2 DISTRICT VALUATION 2 GENERAL DESCRIPTION OF BONDS 2 STATUS OF PROJECT APPROVALS 3 COST ESTIMATE FOR DISTRICT IMPROVEMENTS—2018 Project 3 LIST OF EXHIBITS DESCRIPTION HERITAGE BAY EMERGENCY REPAIR LOCATION A HERITAGE BAY TYPICAL LAKE BANK CROSS SECTION B HERITAGE BAY CONTROL STRUCTURE MODIFICATION LOCATION C CPH, Inc. H13606 ! 6I 1A2 Heritage Bay CDD Collier County, Florida Supplemental Engineer's Report INTRODUCTION This is a Supplemental Engineer's Report(this"Supplement").This Supplement has been prepared by CPH, Inc., the District Engineer for the Heritage Bay Community Development District (the "District")for the District's issuance of Series 2018 A-1&A-2 Series Capital Improvement Revenue Bonds.The District was established by Collier County Ordinance No.05-24 on May 24,2005 and became effective on June 17,2005.The District consists of approximately 687 acres within Collier County,Florida and lies within portions of 13,26,and 24,Township 48 South,Range 26 East.The development lies just north of Immokalee Road and is adjacent to the Cocohatchee Canal. The District's responsibilities include planning, financing, constructing, acquiring, operating and maintaining the lakes,related stormwater improvements,and water and sewer within the boundaries of the Heritage Bay residential community("The Community").Additionally the District has been granted the power to borrow money and issue bonds for the purpose of constructing and acquiring the improvements to the lakes and related stormwater improvements and water and sewer within the Community. The Community consists of approximately 252 single family units,998 multi-family units,a golf course,a club house and associated infrastructure,utilities,and a multitude of"lakes" that through and inner-connected system of drainage structures make up the Community's stormwater infrastructure. The Community's stormwater infrastructure consists of 29 onsite lakes totaling approximately 110 acres and one large lake (Lake 30) that is shared with an adjacent residential development(The Quarry)that totals approximately 190 acres.Lake 30 is split into two lakes by Heritage Bay Blvd.; Lake 30A to the east and Lake 30B to the west. The stormwater infrastructure is permitted through South Florida Water Management District under permit number 11-02234-P. This Supplement represents a Supplement to the original Engineer's Report prepared by Wilson- Miller titled"Engineer's Report for The Heritage Bay Community Development District"dated July 22, 2005 signed & sealed by Mr. David S. Wikison P.E ("Original Engineer's Report"). The Engineer of Record for this Supplement takes no responsibility for the information contained within the Original Engineer's Report. Furthermore,data referenced from the Original Engineer's Report that may be included herein is not covered by the Engineer of Record identified on the cover of this report. 1 CPH, Inc. H13606 1 6 1 1 A 2 Heritage Bay CDD Collier County, Florida Supplemental Engineer's Report INFRASTRUCTURE IMPROVEMENTS—2018 PROJECT The current scope of projects that the District intends to finance are storrnwater management and drainage improvements primarily associated with the reconstruction of certain lake embankment stabilization improvements due to the deterioration of the existing"rip rap"armor caused by the impacts of Hurricane Irma in the location shown on Exhibit"A" ("Emergency Repairs")and the routine wear over time generally caused by the influences of water level fluctuations and wind(Non- Routine Long Term Restoration). These current reconstruction projects(the"2018 Project")include a total of 8,300 linear feet of lake bank restoration. This includes 5,318 linear feet of non-routine long term lake bank restoration and 2,982 linear feet of emergency lake bank repair.In addition to the lake embankment stabilization projects;work associated with the modification of the stormwater control structures for Lake 30A and Lake 30B are included in the location shown on Exhibit"C". These modifications,all of which provide special benefit to the assessable lands within the District, will provide for a quicker draw down of Lake 30 water levels;more closely matching the intent of the originally permitted design while also reducing the potential frequency of localized flooding during minor rain events. The Original Engineer's Report reviewed the value of the improvements in 2005 and listed the estimated total district infrastructure cost as$34,687,000(2005 dollars). Based on District records; other than routine maintenance activities there has been no significant construction associated with new improvements beyond those that were included within the 2005 Engineer's Report. As the construction activities conducted since 2005 have been primarily associated with routine maintenance, the cost/value of these activities have not been considered as "added value"to the current estimates outlined within this report. DISTRICT VALUATION According to the Bureau of Labor Statistics, the average annual rate of inflation between 2005& 2017 has been approximately 1.90%. Based upon this average annual inflation rate over the last 12.5 years, the current Total District Infrastructure Cost is $43,887,823 in 2017 dollars. This current estimate based upon the improvements and values listed within the 2005 Engineer's Report and does not take into account any of the cost associated with routine maintenance activities that may have been conducted. 1 Bureau of Labor Statistics-1https:"data.b1s.govudo/SurveyOutputServlct 2 CPH, Inc. H13606 1 6 1 1 A 2 Heritage Bay CDD Collier County, Florida Supplemental Engineer's Report GENERAL DESCRIPTION OF BONDS The District plans to issue its Series 2018 Bonds, in part, to refund its outstanding Series 2014 Bonds. The Series 2014 Bonds refunded the District's Series 2005 Bonds. The Series 2005 Bonds were issued to fund the 2005 Project which has been completed.The Series 2018 Bonds will also be used to refund the District's 2015 Loan which funded improvements to reconstruct bridge retaining walls with a total cost of$286,372.00, which project has also been completed. The Series 2018 Bonds will also be used to fund the 2018 Project listed above which consists of approximately $3,879,185.18 for the reconstruction of certain lake bank stabilization improvements and modification of Lake 30B control structures. STATUS OF PROJECT APPROVALS The following list includes the development approvals required for the construction of the Series 2018 Project and their status: 1. South Florida Water Management District Environmental Resource Permit Modification for Regular Lake Bank Maintenance—Approved 2. South Florida Water Management District Environmental Resource Permit Modification for Emergency Lake Bank Repair—Estimated Approval Date: 2/2/2018 3. South Florida Water Management District Environmental Resource Permit Control Structure Modification—Estimated Approval Date: 3/2/2018 4. Collier County Permit Determination—No permitting required COST ESTIMATE FOR DISTRICT IMPROVEMENTS-2018 PROJECT The 2018 Project consists of stonnwater management and drainage improvements including reconstruction of approximately 8,300 linear feet of lake bank, including hauling fill to the lake banks, installing rip rap and other associated improvements. The 2018 Project consists of 5,318 linear feet of regular lake bank restoration with a total estimated probable construction cost of $1,314,480.48,and 2,982 linear feet of emergency repair due to damage caused by Hurricane Irma and modifications to two existing control structures,serving as outfalls for Lake 30A and Lake 30B, for a total estimated probable construction cost of$1,755,429.50. 3 CPH, Inc. H13606 16 1 A 2 Heritage Bay CDD Collier County, Florida Supplemental Engineer's Report • NON-ROUTINE LONG TERM RESTORATION o Construction&Materials-$1,314,480.48 o Professional Services&Permitting-$43,350.00 • EMERGENCY REPAIRS o Construction&Materials-$1,717,179.50 o Professional Services&Permitting-$105,450.00 • CONTROL STRUCTURE MODIFICATION o Construction&Materials-$38,250.00 o Professional Services&Permitting-$21,450.00 • BRIDGE WALL REPAIRS o Total Cost-$286,372.00 • Contingency(10%)-$352,653.20 • Total-$3,879,185.18 The public improvements comprising the 2018 Project benefit the District and the estimate of probable cost is less than the benefit assessed property within the District will receive as a result of the construction of the 2018 Project.The District's Assessment Methodology will ascertain the cost of the 2018 Project based upon the special benefit received by the residential units that comprise the District. It is our professional opinion that the costs of the 2018 Project are reasonable for the work to be performed and benefit the developable real property in the District.I believe that the District's planned 2018 Project to be financed with the Series 2018 Bonds can be constructed within the budget of estimated costs set forth in this Supplement. 4 CPH, Inc. H13606 1611A2 Heritage Bay CDD Collier County, Florida Supplemental Engineer's Report t .. x a�SC�tcSs X24 4�Ft€3fi .. Exhibit A-Heritage Bay Emergency Repair Location EXHIBIT A CPH, Inc. H13606 161 1A Heritage Bay CDD Collier County, Florida Supplemental Engineer's Report VARIES SOD ABOVE RUBBLE SLOPE -PROPOSED RUBBLE RIPRAP -18 PER PER FOOT(TYP.) CONTROL EL'‘.•11.26E PROPOSED BEDDING STONE- PER FOOT(TYP.) — — LOW:VTR EL PROPOSED GEOTEXTILE MAT— •FOOT(TYP.IE XI S TING GRAI3E E LEV.8.00 PROPOSED ANTI-SCOUR KEYWAY/LARGE ROCK ON CAP. Exhibit B—Heritage Bay Typical Lake Bank Cross Section EXHIBIT B CPH, Inc. H13606 1 6 1 1 A 2 Heritage Bay CDD Collier County, Florida Supplemental Engineer's Report • p 2 • >ttcxcxe.4 IMIEUROMMIMO et Exhibit C-Heritage Bay Control Structure Modification Location EXHIBIT C CPH, Inc. H13606 16 % 1AU Heritage Bay Community Development District Assessment Allocation Report for Capital Improvement Revenue Refunding Bonds, Series 2018A-1 & Capital Improvement Revenue Bonds,Series 2018A-2 itiviINFRAMARK 1M€k:4S TRUCTUN£.2.l A.A('CNCNT 51!Ct'Ief 210 N University Drive, Suite 702 Coral Springs, FL 33071 (954) 603-0033 www.inframarkims.com January 19, 2018 1 6 1 1 A 2 HERITAGE BAY COMMUNITY DEVELOPMENT DISTRICT Capital Improvement Revenue Refunding Bonds,Series 2018A-I & Capital Improvement Revenue Bonds,Series 2018A-2 Special Assessment Allocation Report January 19,2018 OVERVIEW In 2005, the Heritage Bay Community Development District (the "District") issued the Series 2005 Capital Improvement Revenue Bonds (the "Series 2005 Bonds") for the purpose of financing and managing the acquisition and construction of certain public infrastructure necessary for the community development within the District. In 2014 the District issued its Capital Improvement Revenue Refunding Bonds, Series 2014 (the "Series 2014 Bonds") for the purpose of refinancing the Series 2005 Bonds. The Series 2014 Bonds are secured by and are being repaid from special assessments levied on the benefited parcels of property within the District(the"Series 2014 Special Assessments"). The District proposes to refund the outstanding Series 2014 Bonds and to finance additional public infrastructure improvements through the issuance of approximately $21,135,000 of Heritage Bay Community Development District Capital Improvement Revenue Refunding Bonds, Series 2018A-1 (the "Series 2018A-1 Bonds") and Capital Improvement Revenue Bonds,Series 2018A-2(the"Series 2018A-2 Bonds"). The Series 2018A-1 Bonds and the Series 2018A-2 Bonds are collectively referred to as the"Series 2018 Bonds"). The special assessments securing the Series 2018 Bonds will be imposed and levied on the same respective parcels of property encumbered by the Series 2014 Special Assessments. PURPOSE This Report revises and supplements that certain Adopted Master Assessment Methodology IIeritage Bay Community Development District prepared by Fishkind & Associates,Inc.dated September 22,2005,as supplemented by that certain Supplemental Assessment Report for the Heritage Bay Community Development District prepared by Fishkind & Associates, Inc. dated November 8, 2005 (collectively, the "Series 2005 Assessment Report") and as further supplemented by that certain Assessment Allocation Report for the Capital Improvement Revenue Refunding Bonds,Series 2014 dated August 11,2014 prepared by Severn Trent Services(the"Series 2014 Assessment Report"). The District will issue the Series 2018 Bonds at a higher principal amount than the outstanding principal balance of the Series 2014 Bonds. The additional funds generated as a result of the Series 2018 Bonds will be used to fund all or a portion of various capital improvements (the "Improvements") per the Supplemented Engineer's Report for Heritage Bay CDD prepared by CPH, Inc. dated January 19, 2018 (the "Supplemental Engineer's Report'). 2 16 % 1 A 2 This Report provides a methodology that determines the amount of District debt to be allocated to specific properties within the District and the maximum annual debt service assessment. The Report is designed to conform to the requirements of Chapters 190 and 170,Florida Statutes. PROJECT IMPROVEMENTS The Supplemental Engineer's Report outlines the Improvements(the"2018 Project")an- ticipated to be built by the District. The 2018 Project includes but is not limited to refund- ing a 2015 loan from Valley National Bank(formerly CNL Bank)which funded the recon- struction of the bridge retaining walls(which is complete)and the reconstruction of certain lake bank stabilization improvements,long term lake bank restoration and emergency re- pair due to damage caused by Hurricane Irma and modification to existing control struc- tures. These facilities and infrastructure will support the residential community within the District and the 2018 Project is estimated to cost approximately$3,879,000. The Series 2018 Bonds total $21,135,000 and will refund the Series 2014 Bonds, refund the 2015 loan,finance all or a portion of the 2018 Project,set up debt service reserve accounts,fund costs of issuance and underwriter's discount and reserve funds for the November 1,2018 interest payment. REASONABLE AND FAIR APPORTIONMENT OF THE DUTY TO PAY A reasonable estimate of the proportion of special and peculiar benefits received from the refinancing of the public infrastructure financed with the Series 2014 Bonds was described and calculated in the Series 2014 Assessment Report. This Report does not change the apportionment of the Series 2018 A-1 Bonds; only the reallocation of the debt based on the sizing of the Series 2018A-1 Bonds. The Series 2005 Assessment Report stated that the special assessment debt will be allocated to the properties receiving special benefit based on an Equivalent Residential Unit(ERU)per acre factor. The Series 2018A-2 Bonds will be allocated using the same ERU factor. Such apportionment is based on ERU's with the executive single family lot having a factor of 1 ERU. Product Tyne Equivalent Residential Unit Executive Single Family 1.0 Classics Single Family 1.5813 Classics II Single Family 1.93 Coach Home 0.49 2 Story MF 0.56 4 Story MF 0.28 The duty per parcel to pay for this special benefit peculiar to the property is fairly and reasonable apportioned and does not exceed the ascertained value of the special benefit. 3 1611A2 ALLOCATION This report was prepared to revise the allocation of assessments levied on properties within the District as a result of the issuance of the Series 2018 Bonds. The Series 2018 Bonds are being issued to refund all of the District's outstanding Series 2014 Bonds and to finance all or a portion of the 2018 Project. A total of$16,110,000 of Series 2014 Bonds will be refunded with the 2018A-1 Bonds. Taking into account the liquidation of the existing Series 2014 Debt Service Reserve Fund, the par amount of the Series 2018 Bonds is estimated to be$21,135,000. The new special assessments used to amortize the Series 2018 Bonds have been allocated to the benefited property based upon the apportionment by the Board of the special benefits peculiar to the parcels of property relying on the methodology used in the Series 2005 Assessment Report and the Series 2014 Assessment Report. The purpose of the refinancing is to restructure the Series 2014 Bonds to eliminate the balloon payment due in 2029 by amortizing the Series 2018A-1 Bonds over the original life of the Series 2005 Bonds, maturing on May 1, 2036 and issuing the Series 2018A-2 Bonds which will provide the necessary fiends to finance all or a portion of the 2018 Project. The Series 2018A-2 will mature in less than 5 years on May 1,2022. The proposed allocation of the debt of the Series 2108 Bonds and the assessment rolls are shown in Exhibit B-1 and B-2. 4 16 % 1 A 2 EXHIBITS 3 1611A Exhibit A Heritage Bay Community Development District Capital Improvement Revenue Refunding Bonds,Series 2018A-1 Capital Improvement Revenue Bonds,Series 2018A-2 Sources and Uses of Funds Series 2018A-1 Series 2018A-2 Refunding Bonds New Money Total Sources: Bond Proceeds: Par Amount $ 16,620,000.00 $ 4,515,000.00 $ 21,135,000.00 Net OID $ (104,223.70) $ (8,860.65) $ (113,084.35) Other Sources of Funds: Liquidation of Series 2014 Revenue Acct $ 1,186,065.00 $ - $ 1,186,065.00 Liquidation of Series 2014 Prepaymt Acct $ - $ - $ - Liquidation of Series 214 DSRF Acct $ 150,000.00 $ - $ 150,000.00 $ 17,851,841.30 $ 4,506,139.35 $ 22,357,980.65 Uses: Project Fund Deposits: Project Fund $ - $ 3,879,185.18 $ 3,879,185.18 Refunding Escrow Deposits: Cash Deposit $ 16,361,674.00 $ 84,000.00 $ 16,445,674.00 Other Fund Deposits: Debt Servcie Reserve Fund $ 628,881.25 $ 308,775.00 $ 937,656.25 Delivery Date Expenses: Cost of Issuance $ 180,536.64 $ 49,246.35 $ 229,782.99 Underwriter's Discount $ 199,440.00 $ 54,180.00 $ 253,620.00 Bond Insurance Premium $ 114,730.13 $ 31,167.66 $ 145,897.79 $ 494,706.77 $ 134,594.01 $ 629,300.78 Other Uses of Funds: May 1,2018 Principal&Interest Paymt $ 55,332.72 $ 15,031.72 $ 70,364.44 November 1,2018 Interest Payment $ 311,246.56 $ 84,553.44 $ 395,800.00 Additional Proceeds $ - $ - $ - $ 366,579.28 $ 99,585.16 $ 466,164.44 $ 17,851,841.30 $ 4,506,139.35 $ 22,357,980.65 16 I 1 A 2 •g k §\\ k t \\\/\ - FA 2 /„ , -_ | f | - 9 3 y , I. -g # ; - _ } g F41 (kg ) § , , . , | ` � » 3. ,,,,an.VI. , \ { } ))| ^ ) ■ ■ ! . , ® | \\))}{\) \ 1611A2 1a opo igi ' 11 oat i 'l o $Si u m a E m� 8l fill l _ °A`1 m " tso n> Aa,7 '°.i of m u 'p n .1 10 n 80 °' 0 J S ANNAN 0, , Y . S ,...0, 0 x ._ .. x " 7, O _ A ,... ,.d v o e ill Z o f °o w 1 K Q a g ug. - E HHN ti N� i V E< ti,n�u,,,,, v, f — u .11",, , -MAC§ - u E -= " ^I F, ,4„.000 3a" 3 "a" F3, 9 g ri az W u u °,. • w u u a ry a c F 1 6 1 1 ( \/\ \ . ( ■ | k \\}\#\ /\# «m@_ 442 � m it o P 5FiC2 kj “" ! lg ; , ; • V1 \&`5\ƒ , f>§ � � | ■ :11 allla ! a | , _@,;;; i ]\; £ r\ § ! �loa;; / ] 16 1 1 0 It g W 1 9 ■ % ii & i " i \.�.,... . . ■ ! k , q $ 9m - ;G*q;; ® ' 4#\ ) k' \k\\m7 a0 ;n , . - f| s - 31 ��0 88, 4.4 : � c' 888.8, : ra# ;; ; q' _ k,;r; ; !!em®§ ® ® F. 0! ) : #g¥ \ {) | &, ƒ)2 I j ] ` ■ ' 2 ,,8, 888 _ ; qgiAg: ,c,.� |2 ! ! 2| ! 83( 888 i | ; !}! (®, - ~ / !!i ®- . 'W V. !! | ® ®|( ! ' } - -� ; : | . .. ` § £k)} k 888 ,88 8 } Rkl1 ;•: 8 2 gglkj$ re`1; rBq! « l}} \ in \\� 7(\ 10.1 ))} }\g\\\ k ! E . ! !. " { E O • ! k+ ; | ; ' ) f$! .4888,_ _ E! ) \ k a | { % ! ! _g k !i® 88 , 8, ; 8 ! |)« 81'...,338 § ; .| � - } � , - | E .4, § |! ! \j }- = !; ; \, \ _ ))) / )!/ .42,/ ,t k J3 � § : I !!!! ; : 1611A . Exhibit B-2 Heritage Bay Community Development District Capital Improvement Revenue Refunding Bonds,Series 2018A-1 Capital Improvement Revenue Bonds,Series 2018A-2 PROPOSED Lien Roll PROPOSED PROPOSED Series 2014 Series 2014 Series 2018 Annual DS Parcel ID Annual DS PAR 0/S PAR 0/S 2018-2029 2030-2036 76528900027 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528900043 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528900069 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528900085 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528900108 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528900124 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528900140 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528900166 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528900182 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528900205 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528900221 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528900247 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528900263 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528900289 $ 703.18 $ 8,656.95 5 10,630.28 $ 1,087.28 $ 730.68 76528900302 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528900328 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528900344 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528900360 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528900386 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528900409 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528900425 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087,28 $ 730.68 76528900441 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528900467 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528900483 $ 703.18 5 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528900506 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528900522 $ 703.18 5 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528900548 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528900564 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528900580 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528900603 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528900629 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528900645 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528900661 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528900687 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528900700 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528900726 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528900742 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 page 6 of 34 1 6 1 1 A Parcel ID Annual DS PAR 0/S PAR 0/S 2018-2029 2030-2036 76528900027 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528900043 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528900768 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528900784 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528900807 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528900823 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528900849 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528900865 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528900881 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528900904 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528900920 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528900946 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528900962 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528900988 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528901000 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528901026 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528901042 $ 703.18 5 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528901068 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528901084 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528901107 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528901123 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528901149 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528901165 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528901181 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528901204 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528901505 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528901521 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528901547 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528901563 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528901589 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528901602 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528901628 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528901644 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528901660 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528901686 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528901709 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528901725 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528901741 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528901767 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528901783 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528901806 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528901822 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528901848 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528901864 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528901880 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528901903 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 page 7 of 34 1 6 1 1 A 2 Parcel ID Annual DS PAR 0/S PAR 0/5 2018-2029 2030-2036 76528900027 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528900043 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528901929 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528901945 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528901961 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528901987 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528902009 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528902025 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528902041 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528902067 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528902083 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528902106 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528902122 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528902148 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528902164 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528902180 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528902203 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528902229 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528902245 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528902261 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528902287 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528902300 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528902326 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528902342 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528902368 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528902384 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528902407 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528902423 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528902449 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528902465 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 5 730.68 76528902481 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528902504 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528902520 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528902546 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528902562 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528902588 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528902601 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528902627 $ 703.18 S 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528902643 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528902669 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528902685 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528903024 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528903040 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528903066 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528903082 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528903105 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 page 8 of 34 1 6 1 1 A 2 Parcel ID Annual DS PAR 0/S PAR 0/S 2018-2029 2030-2036 76528900027 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528900043 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528903121 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528903147 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528903163 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528903189 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528903202 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528903228 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528903244 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528903260 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528903286 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528903309 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76523903325 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528903341 $ 703.18 5 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528903367 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528903383 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528903406 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528903422 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528903448 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528903464 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528903480 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528903503 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528903529 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528903545 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528903561 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528903587 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528903600 $ 703.18 $ 8,656.95 $ 10,630.28 5 1,087.28 $ 730.68 76528903626 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528903642 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528903668 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528903684 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528903707 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528903723 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528903749 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528903765 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528903781 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528903804 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528903820 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528903846 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528903862 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528903888 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528903901 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528903927 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528903943 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528903969 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528903985 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 page 9 of 34 1611A2 Parcel ID Annual DS PAR 015 PAR 0/5 2018-2029 2030-2036 76528900027 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528900043 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528904007 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528904023 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528904049 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528904065 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528904081 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528904104 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528904120 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528904146 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528904162 $ 703.18 $ 8,656,95 $ 10,630.28 $ 1,087.28 $ 730.68 76528904188 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528904201 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528905022 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730,68 76528905048 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528905064 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528905080 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528905103 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528905129 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528905145 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528905161 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528905187 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528905200 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528905226 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528905242 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528905268 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528905284 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528905307 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528905323 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528905349 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528905365 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528905381 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528905404 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528905420 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528905446 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528905462 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528905488 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528905501 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528905527 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528905543 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528905569 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528905585 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528905608 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528906021 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528906047 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528906063 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 page 10 of 34 1611A ? Parcel ID Annual DS PAR 0/S PAR 0/S 2018-2029 2030-2036 76528900027 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528900043 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528906089 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528906102 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528906128 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528906144 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528906160 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528906186 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528906209 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528906225 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528906241 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528906267 $ 703.18 $ 8,655.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528906283 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528906306 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528906322 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528906348 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528906364 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528906380 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528906403 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528906429 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528906445 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528906461 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528906487 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528906500 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528906526 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528906542 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528906568 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528906584 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528906607 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528908029 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528908045 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528908061 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528908087 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528908100 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528908126 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528908142 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528908168 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087,28 $ 730.68 76528908184 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528908207 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528908223 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528908249 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528908265 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528908281 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528908304 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528908320 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528908346 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 page 11 of 34 1611A2 Parcel ID Annual DS PAR 0/S PAR 0/5 2018-2029 2030-2036 76528900027 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528900043 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528908362 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528908388 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528908401 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528908427 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528908443 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528908469 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528908485 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528908508 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528908524 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528908540 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528908566 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528908582 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528908605 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528908621 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528908634 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528908647 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528908650 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528908663 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528908676 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528908689 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528908697 5 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528908702 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528908715 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528908728 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528908731 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528908744 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528908757 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528908760 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528908773 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528908786 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528908799 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528908809 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528908817 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528908825 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528908838 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528908841 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528908854 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528908867 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528908870 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528908883 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528908896 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528908906 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528908919 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528909028 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 page 12 of 34 1 6 1 1 A a Parcel ID Annual DS PAR 0/S PAR 0/S 2018-2029 2030-2036 76528900027 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528900043 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528909044 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528909060 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528909086 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528909109 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528909125 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528909141 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528909167 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528909183 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528909206 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528909222 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528909248 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528909264 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528909280 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528909303 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528909329 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528909345 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528909361 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528909387 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528909400 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528909426 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528909442 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528909468 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528909484 $ 703.18 $ 8,656.95 $ 10,630.28 ,$ 1,087.28 $ 730.68 76528909507 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528909523 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087,28 $ 730.68 76528909549 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528909565 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528909581 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528909604 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528909620 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528909646 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528909662 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528909688 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528909701 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528909727 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528909743 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528909769 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528909785 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528909808 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528909824 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528909840 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528909866 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528909882 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528909905 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 page 13 of 34 16 % 1A2 Parcel ID Annual OS PAR 0/S PAR 0/S 2018-2029 2030-2036 76528900027 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528900043 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528909921 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528909947 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528909963 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528909989 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528910004 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528910020 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528910046 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528910062 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528910088 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528910101 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528910127 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528910143 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528910169 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528910185 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528910208 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528911029 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528911045 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528911061 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528911087 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528911100 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528911126 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528911142 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528911168 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528911184 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528911207 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528911223 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528911249 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528911265 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528911281 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528911304 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528911320 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528911346 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528911362 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528911388 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528911401 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528911427 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528911443 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528911469 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528911485 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528911508 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528911524 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528911540 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528911566 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528911582 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 page 14 of 34 1 6 1 1 A 2 Parcel ID Annual DS PAR CVS PAR 0/S 2018-2029 2030-2036 76528900027 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528900043 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528911605 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528911621 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528911647 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528911663 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528911689 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528911702 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528911728 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528911744 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528911760 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528911786 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528911809 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528911825 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528911841 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528911867 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528911883 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528911906 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528911922 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528911948 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528911964 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528911980 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528912002 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528912028 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528912044 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528912060 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528912086 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528912109 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528912125 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528912141 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528912167 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528912183 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528912206 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528913027 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528913043 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528913069 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528913085 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528913108 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528913124 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528913140 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528913166 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528913182 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528913205 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528913221 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528913247 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528913263 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 page 15 of 34 1611A2 Parcel ID Annual DS PAR 0/S PAR 0/5 2018-2029 2030-2036 76528900027 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528900043 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528913289 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528913302 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528913328 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528913344 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528913360 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528913386 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528913409 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528913425 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528913441 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528913467 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528913483 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528913506 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528913522 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528913548 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528913564 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528913580 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528913603 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 79873400020 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873400046 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873400062 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873400088 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873400101 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873400127 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873400143 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873400169 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873400185 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873400208 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873400224 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873400240 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873400266 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873400282 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873400305 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873400321 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873400347 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873400363 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873400389 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873400402 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873400428 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873400444 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873400460 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873400486 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873400509 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873400525 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873400541 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 page 16 of 34 1611A2 Parcel ID Annual DS PAR 0/S PAR 0/S 2018-2029 2030-2036 76528900027 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528900043 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 79873400567 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873400583 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873400606 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873400622 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873400648 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873400664 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873400680 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873400703 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873400729 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873400745 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873400761 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873400787 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873400800 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873400826 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873400842 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873400868 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873400884 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873400907 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873400923 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873400949 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873400965 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873400981 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873401003 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873401029 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873401045 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873401061 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873401087 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873401100 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873401126 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 • 79873401142 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873401168 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873401184 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873401207 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873402028 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873402044 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873402060 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873402086 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873402109 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873402125 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873402141 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873402167 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873402183 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873402206 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873402222 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 page 17 of 34 16i 1Aa Parcel ID Annual DS PAR 0/S PAR 0/5 2018-2029 2030-2036 76528900027 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528900043 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 79873402248 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873402264 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873402280 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873402303 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873402329 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873402345 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873402361 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873402387 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873402400 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873402426 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873402442 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873402468 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873402484 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873402507 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873402523 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873402549 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873402565 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873402581 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873402604 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873402620 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873402646 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873402662 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873402688 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873402701 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873402727 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873402743 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873402769 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873402785 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873402808 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873402824 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873402840 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873402866 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873402882 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873402905 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873402921 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873402947 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873402963 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873403522 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873403548 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873403564 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873403580 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873403603 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873403629 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873403645 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 page 18 of 34 1 6 1 1 A 2 Parcel ID Annual DS PAR 0/S PAR 0/S 2018-2029 2030-2036 76528900027 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528900043 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 79873403661 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873403687 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873403700 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873403726 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873403742 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873403768 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873403784 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873403807 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873403823 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873403849 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873403865 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873403881 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873403904 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873403920 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873403946 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873403962 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873403988 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873404000 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873404026 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873404042 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873404068 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873410023 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873410049 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873410065 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873410081 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873410104 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873410120 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873410146 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873410162 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873410188 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873410201 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873410227 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873410243 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873410269 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873410285 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873410308 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873410324 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873410340 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873410366 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873410382 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873410405 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873410421 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873410447 $ 878.97 $ 10,821.1.9 $ 14,562.31 $ 1,359.10 $ 913.35 79873410463 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 page 19 of 34 1611A2 Parcel ID Annual DS PAR 0/S PAR 0/S 2018-2029 2030-2036 76528900027 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528900043 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 79873410489 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873410502 $ 878.97 $ 10,821,19 $ 14,562.31 $ 1,359.10 $ 913.35 79873410528 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873410544 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873410560 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913,35 79873410586 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873410609 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873410625 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873410641 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873410667 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873410683 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873410706 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873410722 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873410748 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873410764 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873410780 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873410803 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873410829 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873410845 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873410861 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873410887 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873410900 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873410926 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873410942 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873410968 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873411022 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873411048 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873411064 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873411080 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873411103 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873411129 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873411145 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873411161 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873411187 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873411200 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873411226 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873411242 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873411268 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873411284 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873411307 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873411323 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873411349 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873411365 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873411381 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 page 20 of 34 1611A2 Parcel ID Annual DS PAR 0/S PAR 0/S 2018-2029 2030-2036 76528900027 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528900043 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 79873411404 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873411420 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873411446 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873411462 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873411488 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873411501 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873411527 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873411543 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873411569 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873411585 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873411608 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873411624 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873411640 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873411666 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873411682 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873411705 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873411721 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873411747 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359,10 $ 913.35 79873411763 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873411789 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873411802 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873411828 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873411844 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873411860 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873411886 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873411909 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873411925 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873411941 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873411967 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873420026 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873420042 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873420068 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873420084 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873420107 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873420123 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873420149 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873420165 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873420181 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873420204 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873420220 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873420246 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873420262 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873420288 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873420301 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 page 21 of 34 1 6 1 1 A 2 Parcel ID Annual DS PAR 0/S PAR 0/S 2018-2029 2030-2036 76528900027 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528900043 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 79873420327 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873420343 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873420369 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873420385 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873420408 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873420424 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873420440 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873420466 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873420482 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873420628 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873420644 $ 878.97 $ 10,821.19 $ 14,562.31 5 1,359.10 $ 913.35 79873420660 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873420686 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873420709 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873420725 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873420741 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873420767 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873420783 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873420806 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873420822 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873420848 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873420864 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873420880 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873420903 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873420929 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873420945 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873420961 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873420987 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873421009 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873421025 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873421041 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873421067 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873421083 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873421106 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873421122 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873421148 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873421164 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873421180 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873421203 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873421229 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873421245 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873421261 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873421287 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873421300 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 page 22 of 34 1 6 1 1 A Parcel ID Annual DS PAR 0/S PAR 0/S 2018-2029 2030-2036 76528900027 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528900043 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 79873421326 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873421342 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873421368 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873421384 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873421407 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873421423 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873421449 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873421465 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873421481 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873421504 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873421520 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873421546 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873421562 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873421588 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873421601 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873421627 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873421643 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873421669 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873421685 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873421708 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873421724 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873421740 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873421766 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873421782 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873421805 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873428002 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873428028 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873428044 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873428060 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873428086 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873428109 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873428125 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873428141 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873428167 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873428183 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873428206 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873428222 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,3.59.10 $ 913.35 79873428248 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873428264 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873428280 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873428303 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873428329 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873428345 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873428361 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 page 23 of 34 1611ast) Parcel ID Annual DS PAR 0/S PAR 0/S 2018-2029 2030-2036 76528900027 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528900043 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 79873428387 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873428400 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873428426 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873428442 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873428468 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873428484 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873428507 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873428523 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873428549 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873428565 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873428581 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873428604 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873428620 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873428646 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873428662 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873428688 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873428701 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873428727 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873428743 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873428769 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873428785 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873428808 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873428824 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873428840 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873428866 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873428882 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873428905 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873428921 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 79873428947 $ 878.97 $ 10,821.19 $ 14,562.31 $ 1,359.10 $ 913.35 26145000020 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145000046 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145000062 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145000088 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145000101 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145000127 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145000143 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145000169 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145000185 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145000208 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145000224 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145000240 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145000266 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145000282 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145000305 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 page 24 of 34 1611A ? Parcel ID Annual DS PAR 0/S PAR 0/S 2018-2029 2030-2036 76528900027 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528900043 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 26145000321 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145000347 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145000363 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145000389 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145000402 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145000428 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145000444 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145000460 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145000486 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145000509 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145000525 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145000541 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145000567 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145000583 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145000606 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145000622 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145000648 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145000664 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145000680 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145000703 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145000729 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145000923 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145000949 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145000965 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145000981 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145001003 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145001029 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145001045 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145001061 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145001087 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145001100 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145001126 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145001142 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145001168 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145001184 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145001207 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145001223 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145001249 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145001265 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145001281 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145001304 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145001320 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145001346 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145001362 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 page 25 of 34 161iA2 Parcel ID Annual DS PAR 0/S PAR 0/S 2018-2029 2030-2036 76528900027 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528900043 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 26145001388 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145001401 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145001427 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145001443 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 2.6145001469 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145001485 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145001508 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145001524 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145001540 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145001566 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145001582 $ 1,054.76 $ 12,985.42 $ 16,370,24 $ 1,630.92 $ 1,096.02 26145001605 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145001621 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145001647 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145001663 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145001689 5 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145001702 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145001728 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145001744 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145001760 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145001786 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145001809 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145001825 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145001841 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145001867 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145001883 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145001906 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145001922 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145001948 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145001964 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145001980 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145002002 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145002028 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145002044 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145002060 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145002086 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145002109 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145002125 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145002141 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145002167 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145002183 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145002206 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145002222 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145002248 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 page 26 of 34 1611U Parcel ID Annual DS PAR 0/S PAR 0/S 2018-2029 2030-2036 76528900027 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528900043 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 26145002264 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145002280 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145002303 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145002329 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145002345 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145002361 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145002387 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145002400 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145002426 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145002442 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145002468 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145002484 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145002507 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145002523 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145002549 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145002565 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145002581 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145002604 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145002620 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145002646 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145002662 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145003027 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145003043 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145003069 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145003085 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145003108 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145003124 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145003140 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145003166 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145003182 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145003205 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145003221 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145003247 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145003263 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145003289 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145003302 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145003328 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145003344 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145003360 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145003386 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145003409 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145003425 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145003441 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145003467 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 page 27 of 34 16i1A ? Parcel ID Annual DS PAR 0/5 PAR 0/S 2018-2029 2030-2036 76528900027 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528900043 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 26145003483 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145003506 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145003522 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145003548 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145003564 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145003580 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145003603 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145003629 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145003645 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145003661 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145003687 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145003700 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145003726 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145003742 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145003768 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145003784 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145003807 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145003823 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145003849 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145003865 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145003881 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145003904 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145003920 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145003946 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145003962 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145003988 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145004000 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145004026 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145004042 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145004068 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145004084 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145004107 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145004123 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145004149 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145004165 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145004181 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 26145004204 $ 1,054.76 $ 12,985.42 $ 16,370.24 $ 1,630.92 $ 1,096.02 49660078789 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660078802 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660078828 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660078844 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660078860 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660078886 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660078909 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 page 28 of 34 16I1A ` Parcel ID Annual DS PAR 0/S PAR 0/S 2018-2029 2030-2036 76528900027 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528900043 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 49660078925 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660078941 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660078967 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660078983 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660079005 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660079021 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660079047 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660079063 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660079089 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660079102 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 4966007912.8 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660079144 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660079160 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660079186 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660079209 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660079225 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660079241 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660079445 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660079461 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660079487 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660079500 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660079526 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660079542 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660079568 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660079801 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660079827 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660079843 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660079869 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660079885 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660079908 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660079924 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660079940 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660079966 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660079982 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660080007 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660080023 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660080049 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660080065 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660080081 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660080104 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660087165 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660087181 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660087204 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660087220 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 page 29 of 34 1611A Parcel ID Annual DS PAR 0/S PAR 0/S 2018-2029 2030-2036 76528900027 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528900043 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 49660087246 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660087262 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660087288 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660087301 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660087327 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660087343 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660087369 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660087385 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660087408 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660087424 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660087440 $ 1,494.25 $ 13,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660087466 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660087482 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660087505 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660087521 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660087547 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660087563 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660087589 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660087602 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660087628 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660087644 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660087660 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660087686 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660087709 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660087725 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660087741 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660087767 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660087783 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660087806 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660087822 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660087848 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660087864 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660087880 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660087903 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660087929 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660087945 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660087961 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660087987 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660088009 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660088025 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660088041 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660088067 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660088083 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660088106 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 page 30 of 34 1611A Parcel ID Annual DS PAR 0/S PAR 0/S 2018-2029 2030-2036 76528900027 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528900043 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 49660088122 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660088148 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660088164 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660088180 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660088203 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660088229 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660088245 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660088261 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660088287 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660088300 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660088326 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660088342 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660088368 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660088384 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660088407 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660088423 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660088449 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660088465 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660088481 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660088504 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660088520 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660088546 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660088562 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660088588 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660090026 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660090042 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660090068 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660090084 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660090107 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660090123 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660090149 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660090165 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660090181 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660090204 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660090220 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660090246 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660090262 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660090288 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660090301 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660090327 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660090343 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660090369 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660090385 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 49660090408 $ 1,494.25 $ 18,396.02 $ 25,047.23 $ 2,310.47 $ 1,552.69 page 31 of 34 1611A .. Parcel ID Annual DS PAR 0/S PAR 0/5 2018-2029 2030-2036 76528900027 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528900043 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 24171000067 $ 2,362.85 $ 29,089.62 $ 39,607.18 $ 3,653.54 $ 2,455.27 24171000083 $ 2,362.85 $ 29,089.62 $ 39,607.18 $ 3,653.54 $ 2,455.27 24171000106 $ 2,362.85 $ 29,089.62 $ 39,607.18 $ 3,653.54 $ 2,455.27 24171000122 $ 2,362.85 $ 29,089.62 $ 39,607.18 $ 3,653.54 $ 2,455.27 24171000148 $ 2,362.85 $ 29,089.62 $ 39,607.18 $ 3,653.54 $ 2,455.27 24171000164 $ 2,362.85 $ 29,089.62 $ 39,607.18 $ 3,653.54 $ 2,455.27 24171000180 $ 2,362.85 $ 29,089.62 $ 39,607.18 $ 3,653.54 $ 2,455.27 24171000203 $ 2,362.85 $ 29,089.62 $ 39,607.18 $ 3,653.54 $ 2,455.27 24171000229 $ 2,362.85 $ 29,089.62 $ 39,607.18 $ 3,653.54 $ 2,455.27 24171000245 $ 2,362.85 $ 29,089.62 $ 39,607.18 $ 3,653.54 $ 2,455.27 24171000261 $ 2,362.85 $ 29,089.62 $ 39,607.18 $ 3,653.54 $ 2,455.27 24171000287 $ 2,362.85 $ 29,089.62 $ 39,607.18 $ 3,653.54 $ 2,455.27 24171000300 $ 2,362.85 $ 29,089.62 $ 39,607.18 $ 3,653.54 $ 2,455.27 24171000326 $ 2,362.85 $ 29,089.62 $ 39,607.18 $ 3,653.54 $ 2,455.27 24171000342 $ 2,362.85 $ 29,089.62 $ 39,607.18 $ 3,653.54 $ 2,455.27 24171000368 $ 2,362.85 $ 29,089.62 $ 39,607.18 $ 3,653.54 $ 2,455.27 24171000384 $ 2,362.85 $ 29,089.62 $ 39,607.18 $ 3,653.54 $ 2,455.27 24171000407 $ 2,362.85 $ 29,089.62 $ 39,607.18 $ 3,653.54 $ 2,455.27 24171000423 $ 2,362.85 $ 29,089.62 $ 39,607.18 $ 3,653.54 $ 2,455.27 24171000449 $ 2,362.85 $ 29,089.62 $ 39,607.18 $ 3,653.54 $ 2,455.27 24171000465 $ 2,362.85 $ 29,089.62 $ 39,607.18 $ 3,653.54 $ 2,455.27 24171000481 $ 2,362.85 $ 29,089.62 $ 39,607.18 $ 3,653.54 $ 2,455.27 24171000504 $ 2,362.85 $ 29,089.62 $ 39,607.18 $ 3,653.54 $ 2,455.27 24171000520 $ 2,362.85 $ 29,089.62 $ 39,607.18 $ 3,653.54 $ 2,455.27 24171000546 $ 2,362.85 $ 29,089.62 $ 39,607.18 $ 3,653.54 $ 2,455.27 24171000562 $ 2,362.85 $ 29,089.62 $ 39,607.18 $ 3,653.54 $ 2,455.27 24171000588 $ 2,362.85 $ 29,089.62 $ 39,607.18 $ 3,653.54 $ 2,455.27 24171000601 $ 2,362.85 $ 29,089.62 $ 39,607.18 $ 3,653.54 $ 2,455.27 24171000627 $ 2,362.85 $ 29,089.62 $ 39,607.18 $ 3,653.54 $ 2,455.27 24171000643 $ 2,362.85 $ 29,089.62 $ 39,607.18 $ 3,653.54 $ 2,455.27 24171000669 $ 2,362.85 $ 29,089.62 $ 39,607.18 $ 3,653.54 $ 2,455.27 24171000685 $ 2,362.85 $ 29,089.62 $ 39,607.18 $ 3,653.54 $ 2,455.27 24171000708 $ 2,362.85 $ 29,089.62 $ 39,607.18 $ 3,653.54 $ 2,455.27 24171000724 $ 2,362.85 $ 29,089.62 $ 39,607.18 $ 3,653.54 $ 2,455.27 24171000740 $ 2,362.85 $ 29,089.62 $ 39,607.18 $ 3,653.54 $ 2,455.27 24171000766 $ 2,362.85 $ 29,089.62 $ 39,607.18 $ 3,653.54 $ 2,455.27 24171000782 $ 2,362.85 $ 29,089.62 $ 39,607.18 $ 3,653.54 $ 2,455.27 24171000805 $ 2,362.85 $ 29,089.62 $ 39,607.18 $ 3,653.54 $ 2,455.27 24171000821 $ 2,362.85 $ 29,089.62 $ 39,607.18 $ 3,653.54 $ 2,455.27 24171000847 $ 2,362.85 $ 29,089.62 $ 39,607.18 $ 3,653.54 $ 2,455.27 24171000863 $ 2,362.85 $ 29,089.62 $ 39,607.18 $ 3,653.54 $ 2,455.27 24171000889 $ 2,362.85 $ 29,089.62 $ 39,607.18 $ 3,653.54 $ 2,455.27 24171000902 $ 2,362.85 $ 29,089.62 $ 39,607.18 $ 3,653.54 $ 2,455.27 24171000928 $ 2,362.85 $ 29,089.62 $ 39,607.18 $ 3,653.54 $ 2,455.27 page 32 of 34 161 U2 Parcel ID Annual DS PAR 0/S PAR 0/S 2018-2029 2030-2036 76528900027 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528900043 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 24171000944 $ 2,362.85 $ 29,089.62 $ 39,607.18 $ 3,653.54 $ 2,455.27 24171000960 $ 2,362.85 $ 29,089.62 $ 39,607.18 $ 3,653.54 $ 2,455.27 24171000986 $ 2,362.85 $ 29,089.62 $ 39,607.18 $ 3,653.54 $ 2,455.27 24171001008 $ 2,362.85 $ 29,089.62 $ 39,607.18 $ 3,653.54 $ 2,455.27 24171001024 $ 2,362.85 $ 29,089.62 $ 39,607.18 $ 3,653.54 $ 2,455.27 24171001040 $ 2,362.85 $ 29,089.62 $ 39,607.18 $ 3,653.54 $ 2,455.27 24171001066 $ 2,362.85 $ 29,089.62 $ 39,607.18 $ 3,653.54 $ 2,455.27 24171001082 $ 2,362.85 $ 29,089.62 $ 39,607.18 $ 3,653.54 $ 2,455.27 24171001105 $ 2,362.85 $ 29,089.62 $ 39,607.18 $ 3,653.54 $ 2,455.27 24171001121 $ 2,362.85 $ 29,089.62 $ 39,607.18 $ 3,653.54 $ 2,455.27 49660061026 $ 2,362.85 $ 29,089.62 $ 39,607.18 $ 3,653.54 $ 2,455.27 49660061042 $ 2,362.85 $ 29,089.62 $ 39,607.18 $ 3,653.54 $ 2,455.27 49660061068 $ 2,362.85 $ 29,089.62 $ 39,607.18 $ 3,653.54 $ 2,455.27 49660061084 $ 2,362.85 $ 29,089.62 $ 39,607.18 $ 3,653.54 $ 2,455.27 49660061107 $ 2,362.85 $ 29,089.62 $ 39,607.18 $ 3,653.54 $ 2,455.27 49660061123 $ 2,362.85 $ 29,089.62 $ 39,607.18 $ 3,653.54 $ 2,455.27 49660061149 $ 2,362.85 $ 29,089.62 $ 39,607.18 $ 3,653.54 $ 2,455.27 49660061165 $ 2,362.85 $ 29,089.62 $ 39,607.18 $ 3,653.54 $ 2,455.27 49660061181 $ 2,362.85 $ 29,089.62 $ 39,607.18 $ 3,653.54 $ 2,455.27 49660061204 $ 2,362.85 $ 29,089.62 $ 39,607.18 $ 3,653.54 $ 2,455.27 49660061220 $ 2,362.85 $ 29,089.62 $ 39,607.18 $ 3,653.54 $ 2,455.27 49660061246 $ 2,362.85 $ 29,089.62 $ 39,607.18 $ 3,653.54 $ 2,455.27 49660061262 $ 2,362.85 $ 29,089.62 $ 39,607.18 $ 3,653.54 $ 2,455.27 49660061288 $ 2,362.85 $ 29,089.62 $ 39,607.18 $ 3,653.54 $ 2,455.27 49660061301 $ 2,362.85 $ 29,089.62 $ 39,607.18 $ 3,653.54 $ 2,455.27 49660061327 $ 2,362.85 $ 29,089.62 $ 39,607.18 $ 3,653.54 $ 2,455.27 49660061343 $ 2,362.85 $ 29,089.62 $ 39,607.18 $ 3,653.54 $ 2,455.27 49660061369 $ 2,362.85 $ 29,089.62 $ 39,607.18 $ 3,653.54 $ 2,455.27 49660061385 $ 2,362.85 $ 29,089.62 $ 39,607.18 $ 3,653.54 $ 2,455.27 49660061408 $ 2,362.85 $ 29,089.62 $ 39,607.18 $ 3,653.54 $ 2,455.27 49660061424 $ 2,362.85 $ 29,089.62 $ 39,607.18 $ 3,653.54 $ 2,455.27 49660061440 $ 2,362.85 $ 29,089.62 $ 39,607.18 $ 3,653.54 $ 2,455.27 49660061466 $ 2,362.85 $ 29,089.62 $ 39,607.18 $ 3,653.54 $ 2,455.27 49660061482 $ 2,362.85 $ 29,089.62 $ 39,607.18 $ 3,653.54 $ 2,455.27 49660061505 $ 2,362.85 $ 29,089.62 $ 39,607.18 $ 3,653.54 $ 2,455.27 49660061521 $ 2,362.85 $ 29,089.62 $ 39,607.18 $ 3,653.54 $ 2,455.27 49660061547 $ 2,362.85 $ 29,089.62 $ 39,607.18 $ 3,653.54 $ 2,455.27 49660093023 $ 2,362.85 $ 29,089.62 $ 39,607.18 $ 3,653.54 $ 2,455.27 49660093049 $ 2,362.85 $ 29,089.62 $ 39,607.18 $ 3,653.54 $ 2,455.27 49660093065 $ 2,362.85 $ 29,089.62 $ 39,607.18 $ 3,653.54 $ 2,455.27 49660093081 $ 2,362.85 $ 29,089.62 $ 39,607.18 $ 3,653.54 $ 2,455.27 49660093104 $ 2,362.85 $ 29,089.62 $ 39,607.18 $ 3,653.54 $ 2,455.27 49660093120 $ 2,362.85 $ 29,089.62 $ 39,607.18 $ 3,653.54 $ 2,455.27 49660093146 $ 2,362.85 $ 29,089.62 $ 39,607.18 $ 3,653.54 $ 2,455.27 page 33 of 34 tell " Parcel ID Annual DS PAR 0/S PAR 0/S 2018-2029 2030-2036 76528900027 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 76528900043 $ 703.18 $ 8,656.95 $ 10,630.28 $ 1,087.28 $ 730.68 49660093162 $ 2,362.85 $ 29,089.62 $ 39,607.18 $ 3,653.54 $ 2,455.27 49660093188 $ 2,362.85 $ 29,089.62 $ 39,607.18 $ 3,653.54 $ 2,455.27 49660093201 $ 2,362.85 $ 29,089.62 $ 39,607.18 $ 3,653.54 $ 2,455.27 49660093227 $ 2,362.85 $ 29,089.62 $ 39,607.18 $ 3,653.54 $ 2,455.27 49660093243 $ 2,362.85 $ 29,089.62 $ 39,607.18 $ 3,653.54 $ 2,455.27 49660093269 $ 2,362.85 $ 29,089.62 $ 39,607.18 $ 3,653.54 $ 2,455.27 49660093285 $ 2,362.85 $ 29,089.62 $ 39,607.18 $ 3,653.54 $ 2,455.27 49660078187 $ 2,552.25 $ 31,421.33 $ 44,128.91 $ 3,946.39 $ 2,652.08 49660078200 $ 2,552.25 $ 31,421.33 $ 44,128.91 $ 3,946.39 $ 2,652.08 49660078226 $ 2,552,25 $ 31,421.33 $ 44,128.91 $ 3,946.39 $ 2,652.08 49660078242 $ 2,552.25 $ 31,421.33 $ 44,128.91 $ 3,946.39 $ 2,652.08 49660078268 $ 2,552.25 $ 31,421.33 $ 44,128.91 $ 3,946.39 $ 2,652.08 49660078284 $ 2,552.25 $ 31,421.33 $ 44,128.91 $ 3,946.39 $ 2,652.08 49660078307 $ 2,552.25 $ 31,421.33 $ 44,128.91 $ 3,946.39 $ 2,652.08 49660078323 $ 2,552.25 $ 31,421.33 $ 44,128.91 $ 3,946.39 $ 2,652.08 49660078349 $ 2,552.25 $ 31,421.33 $ 44,128.91 $ 3,946.39 $ 2,652.08 49660078365 $ 2,552.25 $ 31,421.33 $ 44,128.91 $ 3,946.39 $ 2,652.08 49660078501 $ 2,552.25 $ 31,421.33 $ 44,128.91 $ 3,946.39 $ 2,652.08 49660078527 $ 2,552.25 $ 31,421.33 $ 44,128.91 $ 3,946.39 $ 2,652.08 49660078543 $ 2,552.25 $ 31,421.33 $ 44,128.91 $ 3,946.39 $ 2,652.08 49660078569 $ 2,552.25 $ 31,421.33 $ 44,128.91 $ 3,946.39 $ 2,652.08 49660078585 $ 2,552.25 $ 31,421.33 $ 44,128.91 $ 3,946.39 $ 2,652.08 49660078608 $ 2,552.25 $ 31,421.33 $ 44,128.91 $ 3,946.39 $ 2,652.08 49660078747 $ 2,552.25 $ 31,421.33 $ 44,128.91 $ 3,946.39 $ 2,652.08 49660078763 $ 2,552.25 $ 31,421.33 $ 44,128.91 $ 3,946.39 $ 2,652.08 rounding $ 1.76 -2.56 $1,308,563.92 $16,110,000.00 $21,135,000.00 $2,023,351.35 $1,359,743.24 page 34 of 34 1611A RESOLUTION NO.2018-7 A RESOLUTION OF HERITAGE BAY COMMUNITY DEVELOPMENT DISTRICT AUTHORIZING THE ISSUANCE OF AND AWARDING THE SALE OF ITS NOT EXCEEDING $16,620,000.00 PRINCIPAL AMOUNT OF HERITAGE BAY COMMUNITY DEVELOPMENT DISTRICT CAPITAL IMPROVEMENT REVENUE REFUNDING BONDS, SERIES 2018A-1 AND ITS NOT EXCEEDING $4,515,000.00 PRINCIPAL AMOUNT OF HERITAGE BAY COMMUNITY DEVELOPMENT DISTRICT CAPITAL IMPROVEMENT REVENUE BONDS, SERIES 2018A-2 (COLLECTIVELY, "THE 2018 BONDS") FOR THE PRINCIPAL PURPOSES OF REFUNDING ALL OF THE OUTSTANDING HERITAGE BAY COMMUNITY DEVELOPMENT DISTRICT CAPITAL IMPROVEMENT REVENUE REFUNDING BONDS, SERIES 2014; RETIRING CERTAIN OTHER DISTRICT DEBT AND CONSTRUCTING STORMWATER MANAGEMENT AND RELATED IMPROVEMENTS; DELEGATING TO THE CHAIRMAN OR VICE CHAIRMAN OF THE BOARD OF SUPERVISORS OF THE DISTRICT, SUBJECT TO COMPLIANCE WITH THE APPLICABLE PROVISIONS HEREOF, THE AUTHORITY TO AWARD THE SALE OF SUCH 2018 BONDS TO RAYMOND JAMES & ASSOCIATES, INC. BY EXECUTING AND DELIVERING TO SUCH UNDERWRITER A BOND PURCHASE AGREEMENT; APPROVING THE FORM OF AND AUTHORIZING THE EXECUTION OF THE THIRD SUPPLEMENTAL TRUST INDENTURE; MAKING CERTAIN FINDINGS; APPROVING FORM OF SAID 2018 BONDS; APPROVING THE FORM OF THE PRELIMINARY OFFICIAL STATEMENT AND AUTHORIZING THE USE OF THE OFFICIAL STATEMENT AND THE PRELIMINARY OFFICIAL STATEMENT AND THE EXECUTION OF THE OFFICIAL STATEMENT; APPROVING THE FORM OF THE CONTINUING DISCLOSURE AGREEMENT AND AUTHORIZING THE EXECUTION THEREOF; DELEGATING TO THE DISTRICT MANAGER THE AUTHORITY TO PURCHASE A MUNICIPAL BOND INSURANCE POLICY AND SURETY BOND FOR DEPOSIT TO THE 2018 RESERVE ACCOUNT; AUTHORIZING CERTAIN OFFICIALS OF HERITAGE BAY COMMUNITY DEVELOPMENT DISTRICT AND OTHERS TO TAKE ALL ACTIONS REQUIRED IN CONNECTION WITH THE ISSUANCE, SALE AND DELIVERY OF SAID 2018 BONDS; CALLING THE BONDS TO BE REFUNDED FOR EARLY REDEMPTION; PROVIDING CERTAIN OTHER DETAILS WITH RESPECT TO SAID 2018 BONDS; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, Heritage Bay Community Development District (the "District") is authorized by Florida Statutes, Chapter 190 (the "Act"), particularly Section 190.016(7), and the Master Indenture (as hereinafter defined) to issue its bonds for the purpose of refunding outstanding obligations of the District, including the District's outstanding Capital Improvement Revenue Refunding Bonds, Series 2014(the "Refunded Bonds"); and 44322765;1 1611A ' WHEREAS, the District is also authorized by the Act and the Master Indenture to issue its bonds to retire outstanding debt obligations of the District and to pay the Cost of a Series Project; and WHEREAS, on September 26, 2005 the Circuit Court of Collier County validated the issuance by the District of not exceeding $50 million in principal amount of its capital improvement revenue bonds; and WHEREAS, the District issued its Capital Improvement Revenue Refunding Bonds, Series 2014 to currently refund the District's Capital Improvement Revenue Bonds, Series 2005 the proceeds of which provided the District funds to acquire and construct "assessable improvements" all for the special benefit of residents of the District (the"2005 Project"); and WHEREAS, the District on September 10, 2015 entered into a Loan Agreement with CNLBank (the "2015 Loan") pursuant to which the District is authorized to borrow $250,000 principal amount to make improvements to bridge retaining walls (collectively with the 2005 Project,the"Prior Project");and WHEREAS, the District has accepted the report of CPH, Inc., describing certain improvements consisting primarily of stormwater management improvements that will provide special benefit to all of the assessable lands in the District(the"Project"); and WHEREAS,the District is authorized by the Act to make payments of principal, interest, and premium, if any, with respect to its bonds by levying and collecting special assessments on property located within the District and specially benefited by the Prior Project and the Project; and WHEREAS, the District now desires to authorize the issuance of and award the sale of its Capital Improvement Revenue Refunding Bonds, Series 2018A-1 (the "A-1 Bonds") to restructure District debt to the advantage of its residents and landowners and its Capital Improvement Revenue Bonds, Series 2018A-2 (the "A-2 Bonds," collectively with the A-1 Bonds, the "2018 Bonds") to approve the Supplemental Indenture (hereinafter defined) and to provide for various other matters relating to the issuance of the 2018 Bonds; and WHEREAS, the Board of Supervisors of the District (the "Board") has received from Raymond James & Associates, Inc. (the "Underwriter") a proposal in the form of a Bond Purchase Agreement (the "Contract") for the purchase of the 2018 Bonds and the Board has determined that acceptance of such proposal and the sale of the 2018 Bonds to the Underwriter is in the best interest of the District for the reasons hereafter indicated; NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF HERITAGE BAY COMMUNITY DEVELOPMENT DISTRICT,as follows: SECTION 1. Definitions. All words and phrases used herein in capitalized form,unless otherwise defined herein, shall have the meaning ascribed to them in the Indenture (hereinafter defined). 2 44322765;1 16111 SECTION 2. Authorization. There is hereby authorized to be issued not exceeding $16,620,000.00 principal amount of A-1 Bonds and $4,515,000.00 principal amount of A-2 Bonds. The 2018 Bonds shall be issued under and secured by that Master Trust Indenture dated as of November 1, 2005 (the "Master Indenture") by and between the District and U.S. Bank National Association, as successor in interest to Wachovia Bank,National Association as trustee, (the "Trustee") as supplemented by that Third Supplemental Trust Indenture by and between the District and the Trustee (the "Supplemental Indenture") (the Master Indenture and the Supplemental Indenture referred to collectively as the "Indenture"). The proceeds of the 2018 Bonds shall be used for the purposes set forth in the Supplemental Indenture and the Official Statement(hereinafter defined). SECTION 3. Approval of Supplemental Indenture. The Supplemental indenture is hereby approved in substantially the form set forth as part of Exhibit A hereto and the Chairman or the Vice Chairman of the Board are hereby authorized and directed to execute and deliver such Supplemental Indenture on behalf of and in the name of the District and the Secretary or any Assistant Secretary of the Board is hereby authorized to attest such execution, with such additions and deletions therein as may be made and approved by the Chairman or the Vice Chairman executing the same, such execution to be conclusive evidence of such approval. The Trustee is hereby approved to serve as Trustee, Bond Registrar and Paying Agent under such Supplemental Indenture. SECTION 4. Negotiated Sale. Consistent with Section 218.385 of the Florida Statutes, the Board hereby determines that a negotiated sale of the 2018 Bonds to the Underwriter is in the best interest of the District because of prevailing market conditions, because delays caused by soliciting competitive bids could adversely affect the District's ability to issue and deliver the 2018 Bonds at presently favorable interest rates, and because the nature of the security for the 2018 Bonds and the sources of payment of debt service on the 2018 Bonds require the participation of an underwriter in structuring the bond issue. Prior to the award of the 2018 Bonds, the Underwriter shall provide to the District the disclosure required under Section 218.385,Florida Statutes. SECTION 5. Contract Approved. The Board hereby approves the Contract submitted by the Underwriter in substantially the form attached as Exhibit B hereto. The Chairman or Vice Chairman of the Board is hereby authorized to execute the Contract and to deliver the Contract to the Underwriter with such changes, amendments, modifications, omissions and additions as may be approved by the executing Chairman or Vice Chairman; provided, however, that (i) the final maturity of the 2018A-1 Bonds shall be no later than May 1, 2036 and the final maturity of the A-2 Bonds shall be no later than May 1, 2022,(ii)the A-1 Bonds shall be subject to optional redemption no later than May 1, 2028, at a redemption price of 100%of the principal amount to be redeemed plus accrued interest to the redemption date and the A-2 Bonds shall not be subject to optional redemption (iii) the true interest cost for the 2018 Bonds will not exceed 5.0% and (iv) the Underwriter discount shall not exceed 1.2% of the principal amount of the 2018 Bonds. Execution by the Chairman or Vice Chairman of the Contract shall be deemed to be conclusive evidence of approval of such changes. SECTION 6. Preliminary Official Statement and Official Statement. The District hereby approves the Preliminary Official Statement in substantially the form attached hereto (the 3 44322765;1 1611A "Preliminary Official Statement") as Exhibit C and authorizes its distribution and use by the Underwriter in connection with the offering for the sale of the 2018 Bonds. If between the date hereof and the mailing of the Preliminary Official Statement it is necessary to make insertions, modifications and changes to the Preliminary Official Statement, the Chairman or Vice Chairman is hereby authorized to approve such insertions, changes and modifications, and, the Chairman or Vice Chairman is hereby authorized to deem the Preliminary Official Statement "final" within the meaning of Rule 15c2-12 of the Securities and Exchange Commission (the "Rule") under the Securities Exchange Act of 1934, in the form as mailed and in furtherance thereof to execute a certificate evidencing same. The preparation of a final Official Statement is hereby approved and the Chairman or Vice Chairman is hereby authorized to execute such final Official Statement to be dated the date of the award of the 2018 Bonds and to deliver the same to the Underwriter for use by it in connection with the sale and distribution of the 2018 Bonds. The Official Statement shall be substantially in the form of the final Preliminary Official Statement, with such changes as shall be approved by the Chairman or Vice Chairman as necessary to conform to the details of the 2018 Bonds and such other insertions,modifications and changes as may be approved by the Chairman or Vice Chairman. The execution and delivery of the Official Statement by the Chairman or Vice Chairman shall constitute evidence of the approval thereof. The District hereby authorizes the use of the Preliminary Official Statement and the Official Statement and the information contained therein in connection with the offering and sale of the 2018 Bonds. SECTION 7. Form of 2018 Bonds. The 2018 Bonds shall be in substantially the form as set forth in the exhibit to the Supplemental Indenture, with such additions, deletions and other changes thereto as the officials of the Board executing the 2018 Bonds shall approve, such approval to be conclusively evidenced by the execution of the 2018 Bonds (by manual or facsimile signature) by such officials. The Board hereby authorizes and approves the use of a facsimile of the District seal on the 2018 Bonds. SECTION 8. Continuing Disclosure Certificate. The form and content of the Continuing Disclosure Agreement (the "Disclosure Agreement") relating to the 2018 Bonds attached hereto as Exhibit D is hereby approved. The Chairman or Vice Chairman and the Secretary or any Assistant Secretary are hereby authorized to execute on behalf of the District the Disclosure Agreement in substantially the form attached hereto, with such additions, deletions, and other changes as may be necessitated by applicable law, this Resolution and the Contract as such officers may approve (such approval to be conclusively evidenced by their execution of the Disclosure Document). SECTION 9. Early Redemption of Refunded Bonds. Subject to delivery of the 2018 Bonds, the then Outstanding Refunded Bonds are hereby irrevocably called for redemption on the delivery date of the 2018 Bonds, at the redemption price of 100%of the principal amount of such Refunded Bonds together with accrued interest to the redemption date. The 2015 Loan shall be retired on the date of delivery of the 2018 Bonds at the principal amount outstanding and as otherwise provided in the documents securing the 2015 Loan. SECTION 10. Delegation to Obtain and Deliver Bond Insurance Policy and Reserve Account Insurance Policy. The Board hereby delegates to the District Manager the authority to obtain a commitment for a municipal bond insurance policy in regard to any or all of 4 4432276.5;1 1611A ? the 2018 Bonds (the "Bond Insurance Policy") after consulting with the District's financial advisor to determine net interest costs savings to the District resulting from a Bond Insurance Policy, and the District Manager is hereby authorized to execute and deliver such commitment and any additional documents and agreements as may be required as a condition to the delivery of the Bond Insurance Policy. The Board hereby delegates to the District Manager the authority to obtain a commitment for a surety bond for deposit to the 2018 Reserve Account(the "Reserve Account Insurance Policy") in regard to any or all of the 2018 Bonds after consulting with the District's financial advisor to determine net interest costs savings to the District resulting from a Reserve Account Insurance Policy, and the District Manager is hereby authorized to execute and deliver such commitment and any additional documents and agreements as may be required as a condition to the delivery of the Reserve Account Insurance Policy. SECTION 11. Compliance with Section 190.016(7), Florida Statutes. The District hereby finds that the refunding as described herein and in the Supplemental Indenture and the Preliminary Official Statement comply with Section 190.016(7), Florida Statutes in that the issuance of the 2018 Bonds is advantageous to the District. SECTION 12. Open Meetings. It is hereby found and determined that all official acts of this Board concerning and relating to the issuance, sale, and delivery of the 2018 Bonds, including but not limited to adoption of this Resolution, were taken in open meetings of the members of the Board and all deliberations of the members of the Board that resulted in such official acts were in meetings open to the public, in compliance with all legal requirements including,but not limited to,the requirement of Florida Statutes, Section 286.011. SECTION 13. Other Actions. The Chairman, the Vice Chairman, the Secretary and any Assistant Secretary of the District, and any authorized designee thereof(collectively, the "District Officers"), Akerman LLP, as Bond Counsel and Coleman, Yovanovich & Koester, P.A., Counsel to the District, and any other consultant or experts retained by the District, are hereby authorized and directed to take all actions necessary or desirable in connection with the issuance and delivery of the 2018 Bonds and the consummation of all transactions in connection therewith. The District Officers are hereby authorized and directed to execute all necessary or desirable certificates, documents, papers, and agreements necessary to the undertaking and fulfillment of all transactions referred to in or contemplated by the Supplemental Indenture, the Preliminary Official Statement, the Official Statement, this Resolution, the Disclosure Document,the Escrow Deposit Agreement and the Contract. SECTION 14. Approval of Prior Actions. All actions taken to date by the members of the Board and the officers, agents, and employees of the District in furtherance of the issuance of the Bonds are hereby approved, confirmed and ratified. SECTION 15. Inconsistent Resolutions and Motions. All prior resolutions of the Board inconsistent with the provisions of this Resolution are hereby modified, supplemented and amended to conform with the provisions herein contained and, except as so modified, supplemented and amended hereby,shall remain in full force and effect. SECTION 16. Severability. If any section, paragraph, clause or provision of this Resolution shall be held to be invalid or ineffective for any reason, the remainder of this 5 44322765;1 1611A Resolution shall continue in full force and effect, it being expressly hereby found and declared that the remainder of this Resolution would have been adopted despite the invalidity or ineffectiveness of such section,paragraph,clause or provision. SECTION 17. Effective Date. This Resolution shall become effective immediately upon its adoption. ADOPTED this 19th day of March, 2018. HERITAGE BAY COMMUNITY DEVELOPMENT DISTRICT By: Edwin Hubbard,Chairman [SEAL] Attest: By: Justin Faircloth, Secretary 6 44322765;1 1611 k.w Agenda Page 98 NaPICA5ate. rr 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.# HERITAGE BAY COMMUNITY 1938472 Notice of Public Hea Pub Dates February 27,2018 Zdt( tYkea7-1 (Sign ture of affiant) 4 'R::';••..• KAROLE KANGAS I Notary RuWk-State ofrIcdda , Sworn to and subscribed before me , ' Commh,lonr GG 126041 : My rnmm.Fxplres Jul 29.1021 This February 27,2018 I 6,d4611m9hW ands nm. U (Signature of affiant) lel 1A2 180 9 10ES07Y,Fhaft UANY 27,20 18 0 NAPLES DAILY NEWS Mende Pege99 ---.ti i. ', 8A^' C && MPTICEUMnalat rurusoenaucauaww fro mm�nla°¢rtrana"oFr r'�vrnar inasr'wi�mnuJ°0irrerv`wu"sars�mvrm.amu.uorae .w�n,�n 21108 BENTLEY OT SPEED Florida Alps rt. t l�O , ....su..a., h,rm.am A..uamr,reR �iy� Sapphire dor.35.000 Adescription of the work as '�^'7'r,ya�x�nl., yMp°�° '�^�_7'w, d mievat r,.eewmro 's.- o•ua m,we1 mr�en.m E $64,00O R16M00•6374 (allows sraa• A� ul v ...Mau mm ��' i •4m� 2016 IleAkey Continental OTC .,sent sh and Ins tall ele0tri0aI �o.��rraa�w...I. i6e ao°,m, rb"'s��°"r N e. A0lhraclle <01or/Ltla.nM se.rr.ayny '16.0 .dad .. e•..,e _,s=', .new '�m5�'k0:.m bt,cross sUlching t0 cents✓ fl are eptacler re., t � sq..,a--,..m" a y.,v'�a°'" embr°ided emblem 2oinch 'Fur^sh a a nstall free h H.r < Wh15,2Am1.SRP 230,5{5 standing charging station ran .die w a+✓rzr= �eu,rµ..,s 1 7.446 r, nr�O asking95k(429)56e-W72 .Furnish and ma[ad unser scat a.(' nnae mr`romae.Pnm"a 005 er O n00wI.S e4x�ir anoe. IOI7 EME650-1 COMA, chprgin9sd amaiion n its ar• ��AYnnemin samimeam,au apms frrvo wh urtiuut/men er ovum a.ma lv,m0500 mmu50 0waol. MOJAVE METALLIC,NAPA a.r.a�dl�ku�rm 4�,1155.utcmrtm.®.M,dile:mm 1:V..,>cul'9e'1NI.V*r1mwv.idrbamna.mmlmnn aue.iAW�ne LEATHER,TK MI, Sealed.tads w 11 be received a•u s.evmm t .qmm rserme4a®uuna.emn termmurm hn-oovmlm mnasan.uy4.om vMmrnes++a to= THIS 015•NEWIBMUNG ed the office of Owen-Ames- Met.... Parc! 545K(S1E)669•.W Kimbell Company, 11941 c..rlmli�i.now A9'm0.rn,.v 1 'e°aysi0°Minn..Mi2µ h INFINITI 9RN 2611 78K I. Fairway Lakes Drive FL M kw mra mmr•ma,rmmwh rW+twQ®prwrenru �»"wt r m" .4 Loaded!Immaculate Gond Myers,PL 33913 Plc 239.561- .5040.44* _ ho $36,000.239-309-5128 4141.nu later than 2:00 PM on "w.mon • r aw.rr"vr Thursday,March,22nd,2018 itst � ==err �e'ro vriten vs�.a ssacrw• nOlas Ia•°h� ,Na ad -.,t 5..ry Awr').M' a'''''lbuEeriEkEe''""' .wan hl"e'"'Ti, • -' Addenda may D¢ Issued rat etl Je&W ��amhrEvaNhp.Auiyf.ruakMuukAe°mihpwl•Iv1 a�m�v�ewq°n pm rmwl<�a bur�l9, 9T W SPOETSTFA 1200 during the Course Of bidding, .svmF.n, ah u ped amalmaa Dada.* th mo.o m y�®sew.,lot 55 v�wS vmisn..ura°4N... Custom,14Km Steeltl baqq All ddenda m t be rramur o0n cm Pnakove.a•IAAwlOebzlr.p,tl fa*Mc Omofola extras 53900(3301301958 acknowledged by bidders- slrnreM ailure t0 tlo s0 in be h ratan tj2llt5 _ Cau50 fUr releoti%Of Old. c4 �ristMat Sgtum.ra-r The Con:ire gs Manage( ...elate Tool IS 0000E GRANP CARAVAN m5Ern0S the right t°reject 08521 Med ace Med. hop. 196K ml.Slow-go Seats, any and all bids. 52000(23914311738. res r]awl abimmamm WE4r 205 Wheelchair MOM GRAND CARAVAN A MAO will Y Pee•B'Id hsamT aIISO Y c a..err. overm101.1070 oM6^bearten Wheelchair Van with l0'low. M eating Will be held On 04.44 Isys sl7n,es21 101 m 9,310 of craft MO,m rep h tie downs. Thursday. March 8th,3018 rsma side'WOWS 1147s0.0 O,Ns.w (2391494.8261 1 2:00 PM at the Terminal ro.a.n )WS 1fMS06 N,wa.2e e IIdIOO 1 the Southwest 21.0,ro.a Team. 21•wn A.,,,,,,,,--.4,., Florida International Airport mussel fa Men, C"' iat,,:,'4 ' Terminal; Amelia Emhart &am ,m WM,.2, .6115 tc Wane 1939 BUICK AOADMASTER Conference Room 3rd Floor nkmx.k.W 1dr,e%C mndhion,OW¢,coin- AdminfEtnallon; Address Ic Mea061.1 Uso snaNs1Oam X.00]9.36 rr Plate off b Ody reStoratlOn, 11000Term incl Access POdtl, ..w„r��„ul s,men,.M•Mrr.rm.tannr,Ixlua uodu*Dem 1,014kmi,S33k one Fort Myers,Ft 33911 msamm.,.. F703)SflJOW Aevv mrd.n��..acao m.•tam2nn5m.em.m+.u...a.a,..m.."..amief oo am an,ama.he.. v Drawings and specifications aa°.W awed.w®irovrrme'bre•m,am..nw.u..mdmx.e.Tkw"...-..•m.l..�urdu+a.v arm, 1966 PDRD MUSTANG-9005 DE. II berode nAm h an trrmm.t wk0WD112,a.a a e,nsesms�Ma..docogra O1aa llmisea0,000s mAaa amkkmr m�std h Wilmtmi. 2lte MM.Must see t°appre. CO Mthe Owen-Ames-Kimball Leen nmr . muhs,mlu lm.o mut gen mkmam,riturb rtar eu"0'''m'epee'''''' Am ale.(]SI(inv.Third owner. offices or may be downloaded Ot4n - r Make Offer.(239)692 9013. from Our Online plan room t 115.0 �,ye1 rp,�r, CAiitEit/9alc11iiiii P. www-0 mere K Y1amN�lk dr Rm'gpny¢n a v'set a.eirriv re IAYPA�eavl i74.4Ra<b yk�iawdr61=il5det Red with White top.Very rc' matmlilto°5°m now tiati.1 r.: '�:.4 m.nf, .� err tat==ers 1.�a.a �aa�m. nl 51251100 315129 ani l0 Down r ed IrOm Cps to alar ae<a1t°i2e5ev d- '" crolaz m..k-,E2 Oilers are-5 tact Rao n !a'11rdb'�K '�q' ""�,m �ub.a®,0,nn°br u"" ,;m "m,� ;S ;�;;�;,m',m �^'° y JY-` "j Miley at 09561.4141 W1KlE0 Owen•Ame51(ImOall zelmy°m, - "'f rope C� „y „y droa m. "r' ayy�r""',�mu'as REESE EQUALIZER HITCH C°mparry and the Lee COun1Y ewal,keeykIldM e rq ® ,mrrawdmr�� wn h1 hrwa akr I trailer(239)5216996 Port Authority endeavor 10 rota aa .w, .e sm u� mama wmaatmt2e Min rite. am • °'�' •^®' Woman, nter rises and m 4p l i ELY GroadV s Enterprises and AaEmuruYAUAmosop 015adrrses t their Rus Less �'yN ,'7 •a°e r""^yi°' ,,"�'1„L .""'°rh °/ - n` ^°'"+ �A°'nm`aar NEE PICK UPI 239-265 414e Eachr b dder should strive Is.to ° .m� rvris f C ORVETT65 WANTED meet or exceed the minimum .Okiionw rely® "°' r� nwnarro�^mW�4ro� <m'v. ,®y°r TOP d011al Cash tad,,.Call Percentile goals established ,9as,.y eta m r 941.709.366*or 9411223421 Americans with Disabilities 11re...nal neroo t-nensa7D A5Semtw0Uroraliaf Mia ker.,�.Pores .n.r r�,� �mr o.rne,.wn,me aaeFw.ee.ysn�.ey an° ii.ntanaw 1 STEARNS MOTORS ActNOt1[e AnYpersannndn0 ,vumm°a.od®.m rwrk.kP m ,genme:e Mme �aAkamV2mdndi..rdermke MOST TRUSTED SPt'elal PteOmmndat°°5 for min � w� b mwrmtM ar�+eu.k�w e'm araedpmanprmlwma,ESue BUYER Sinn 1917. a ttnndanr-n s a,puhl'tr-B d v.»p�romin �< ° All Vehicles wanted700-7yy n 9 or prebtd ¢t ng usmar ar perrem Rod 11 (239)T14YJ60 Project nnage Cram-Ames- FF Project Manager,Cram-Ames- p 262E BOY CARE TRUCKS,SUM. Kimball Company(239)S61 EI Anything it SI000 4041 fax(238)5611096 �. !,I t - 1' th 5100,000 PleaseIl Sam(239)5%1021 Nondiscrimination kr./ .. Title : Pursuant t° I3 r./ r : "" {1'N�Y�I.A4F% The 19, Cotle 1 Federal a+.Y �" of Transportation, Dep°rtm$lt `q1, oa NANCODK tiff,hi Ticthe Subtitle ttar $( 5285 take 2ON.(4 07hgh A,Office1fs of the cadet Sr -026mr PF h 215/GS/P95 R85 Part 31 Nondiscrimination en to . 02*1 (401)•5249295 Federally Assisted Programs Y°' of the Department Of • _ & Tran:yyortetlomENectuali0n i f."',^I �C• ul Title Vl the Cvil Riyltla Act i 3 Of 1the Restoration Acton of 1981907 andd tirethe, Florida 01511 Rights Actof 1992,and as said Matt :z= Regula00n5may/amended, bCp - .J the Canassure that 110 Perth, nt in _'- NOTICE OF INTENT TO the united that shag on t in t x�za i j the s of r Slates shall On the RE01NOER OFACTI054CTITIOUS NAME pasts of race, l or,disability (' _ NOTICE Fictitious ACTION origin,se;from or participation an°tam°rceneuer LawNoti Pursuerant t to S 01,00Sterne be be excluded frthe benefits of m nvlo-el Mr Law Pursuant t0 Section in be deniedM°bSubjecd a�°1°°DMADISM pPV1m °a°`ov"°m'r"swan LOMPOIG mem N♦ 11111. m°f serve ME 865.09, Florida Statutes 1112eanalan we,tealmuTm ov�moXaoawamvnwsurncm0CV AMUv.vm Plan.TM 9E122 �wcnMM. N OTICE IS HEREBY GIVEN to be otherwise Subjected vthon,t Ty t discrimination under runA im1NeN.lu° avog au9G.X ay'Masi MITA"nm, rsuOMall MIsD`o:ialMIMe tm MIMlli22n that the nsersigned,Dante) u.aanvmoornaAu nA Yi1I5;remmkwrcw,lew2cra' Lowell arta Suc°nne desiring any ithprogram or achythe run {"OVn°a' ava..1112,mmaOromva2a 127MIL W2c muava t en aye in tin. .ender a nd the Sbrontrn AM oe°rr ma'c mei COMM,noym cmvp°a°taayssaWm.uormvmwc.w nnrnvea2r. the IYell00.6 n f Tete d noon f Subn including u..y 6s,•o.04=arta .-mr w s.®w..1°""nr"."%lr.m.....te•o,a.. PreNslon Homed Services suoe°remen a ro including �'�-°+,.4.,hNar e . m.m ��c- m . o.r,duv ay ms located at 103 Landmark SL anti leases of equipment.rThe wmevj a.tueil`wm""1?mm•1 -e>,ad paw, r.,r,.,.a 1aam Edda tr...�a.k,� rmamnL yZ- In the(Aunty of rOLueR,n onhactorwll not participate Aamwrll awanim Gar ,xhwam Ser. �n.M. rekwmfr2004te.l rmmn;u°n•I'd im mEmram MM CITY set Marco Island,Florida contractor recti indirectly In the W ypp,,..1meff .aMaO "tl°^°',• rrym' evom over runtish ern. said omenws Le m9 Ster the discrimination aohibited by 1'''''''bc,a, s u sera; snap 0wu �mm,<ncaF sale name With the Division ih0 Acts and the Reggulations, ei '°".rl. pr.".'� e`emmt v'""nvP...a.4.ron..1w ".cee of COr r tnn9 of the 1(&08i00 pleenent PMO halm r dA off Wm,Lk m02 mal yeaabe.i Florida Department of Stat! crecrbes when lee nnetect 0100019oLoeerne bw,d '0'°" mma,rm.Aar wrm " °d lL a„ em. Tallahassee.Florida. rs en,ocueur project,et NT®uokinn'evaan°1u Nvamoi°ser°°•'°PtheNvaw.d.°'®"k°ad°n°u'rtrartaiw llmsrone 'xpec...: rs.m Dated at Naples.F lOrAta.DATE pre gram 591 forth to APPende mem..ebaarM rl mmama fimwamen unarm kms Waw A ode WteSna5m4avm.rAlk Febuiury 23.2018 R of 49 CFR Part 21. rMa aa ..0 N°0'a ate„"°No°knk lruPaueOmbereall.M mad �os ak e rrn"`: Lav:°�o'•N•e"a'm"t°."`o"Have^c"' °"°v®na. wa� l�a aTrue Precision fame Services February 272010 No.19313437 auroral Cwd pght5 Clause: wsmuaamtermr•.:.rr mr.am...,myandwatmaopmmcr..11mom.na...w-10,044 sews]4,s,"s+oxvaroenm,ke.r.m.r Tho Contractor, agrees to um. a.muaa<. .a. a••,.s 44d5tfaf$14s mp,Yy wit neat statute, yams* so-a a da4aw ...a mna�.mw+d�ma,„a,�.. .d Calle C ty' 'mein Eae4dtlYe OrF m nd ch ragas me .,m mmrsaMa.1147=ra .etitlitih-rr1.®.aamvs.weoee<a��tuu.ey BI'Av t n n 1y2r/2Rn 1°11 eg a Pa a sga^c0 o aq vllmkimb lea :'vat. co 260. 16-1315 f .. ill v ro.5.9wm:d nmda�...ne°4°°aeu,em�4naa.vm..Mr construction f MelNercoor pp iefFe.^111•ret„n;mac,•.arm�m.say.�a�m...m dm.... ila�w:...mt nth,grtbral 001 r°ce.cr 9Q rmNa.rlm anw's1rY lavmra.�uvmtfs.m Boulenl Ker°uneseepe or ells bIlity le excluded' from sewa m�e _w uka b MSM godea.ar,'sa,.0="71mv..l era.lrmh="svir.•taoftd.a.aAv.am" an. M' IN4 l0atalletion" rdicipatiy be aIn at^suded ivOm menasem.mai� _ umaaminamvroP..ymun o�y mm.va.ym located in confer county. participating or Uenerlliind i•Reelmlmdrostm,0.'2itauN;'ewt..,.iv° 9 4�a°'-dr;"td�S'ad.'°'°se r--tAv�e.'"rrr�d.L+°.naewerwartruer°'°'M"°"•°raa, ,P.erwthwara'�°°w'wk°e'Ar• F',thee,for sealed bids to v^o•d•may..dllara 0 oma.e b< ed n later than non, to,a55)atagn. wsvm twat.-0,454.mad M^..m ,pose 441e..aM 3/13 1611A2 MINUTES OF PUBLIC HEARING/MEETING HERITAGE BAY COMMUNITY DEVELOPMENT DISTRICT A Public Hearing/Meeting of the Board of Supervisors of the Heritage Bay Community Development District was held Monday, March 19, 2018 at 9:00 a.m. at the Heritage Bay Clubhouse, located at 10154 Heritage,Bay Boulevard,Naples,Florida. Present and constituting a quorum were: Edwin Hubbard Chairman John May Vice Chairman Jack Arcurie Assistant Secretary Dennis Gagne Assistant Secretary Donna Hunter Assistant Secretary Also present were: Justin Faircloth District Manager Greg Urbancic District Counsel Jeffrey Satfield CPH Wendell Gaertner PRAG Natalie Sidor Raymond James Residents The following is a summary of the discussions and actions taken at the March 19,2018 Heritage Bay Community Development District's Board of Supervisors Public Hearing/Meeting. FIRST ORDER OF BUSINESS Call to Order and Roll Call Mr.Faircloth called the Public Hearing/Meeting to order and called the roll. SECOND ORDER OF BUSINESS Public Hearing Under Chapters 170, 190 and 197 Florida Statutes to Consider the Imposition of Assessments for the Refinancing of the District's Series 2018 Bonds and Financing and Securing Certain Additional Public Improvements 1 6 1 1 A March 19,2018 Heritage Bay CDD A. Presentation Regarding Bond Refinancing, Supplemental Project and Proposed Assessments • Mr.Hubbard gave a brief overview of the Board of Supervisors. • Mr.Hubbard gave an overview of the damage history and prior loan process. • It was noted that there has been further damage to the lake banks from Hurricane Irma and repair costs would only increase if the issue is ignored. • Mr. Wendell Gaertner provided an update on the bond process. B. Public Comment and Testimony On MOTION by Mr. Hubbard seconded by Mr. Gagne with all in favor,the Public Hearing to Consider the Imposition of Assessments for the Refinancing of the District's Series 2018 Bonds and Financing and Securing Certain Additional Public Improvements, was opened. • Questions and comments from residents were addressed. There being no further comments or questions from the audience, On MOTION by Mr.Arcurie seconded by Mr.May with all in favor, the Public Hearing to Consider the Imposition of Assessments for the Refinancing of the District's Series 2018 Bonds and Financing and Securing Certain Additional Public Improvements,was closed. The record shall reflect the Board recessed for a short period. THIRD ORDER OF BUSINESS Consideration of Resolution 2018-06 Authorizing and Confirming District Projects for Construction and/or Acquisition of Infrastructure Improvements (Space Left Intentionally) 1 6 1 1 A a March 19,2018 Heritage Bay CDD Mr. May MOVED to adopt Resolution 2018-06, Authorizing and Confirming District Projects for Construction and/or Acquisition of Infrastructure Improvements; Making Certain Findings Including the Refunding of the District's Capital Improvement Revenue Refunding Bonds, Series 2014 and Imposition of Series 2018 Assessments; Equalizing, Approving, Confirming, and Levying Special Assessments on Lots or Parcels of Land Within the District Specially Benefited by Such Projects to Pay the Cost Thereof; Confirming and Adopting a Supplemental Assessment Report; Providing for the Payment and the Collection of Such Special Assessments by the Methods Provided for by Chapters 170, 190, and 197 Florida Statutes; Providing for the Recording of an Assessment Notice; Providing for Severability, Conflicts and an Effective Date;and Mr.Gagne seconded the motion. • It was noted that a Supplemental Assessment Resolution will be presented once the bonds are priced in the near future. • It was also noted that further letters to residents are not required. There being no further discussion, IOn VOICE vote with all in favor,the prior motion was adopted. I • Ms.Natalie Sidor from Raymond James addressed the Board regarding the process of pricing the bonds. FOURTH ORDER OF BUSINESS Consideration of Resolution 2018-07, Delegation Resolution • It was noted that the Resolution delegates authority to sign off on the bond issue and that there are a number of Exhibits that will be attached to the document that the Board has not reviewed. Therefore, Mr. Urbancic mentioned it would be best to continue the meeting in order to give the Board time to review the documents once available,to which the Board concurred. FIFTH ORDER OF BUSINESS Continuance There being no further discussion, 161 1A March 19,2018 Heritage Bay CDD On MOTION by Mr. Hubbard seconded by Mr. Arcurie with all in favor, the meeting was continued to Monday, March 26, 2018 at 9:00 a.m.at the Heritage Bay Clubhouse,located at 10154 Heritage Bay Boulevard,Naples,Florida. 7,-- • d Jud Faircloth Edwin Hubbard cretary Chairman 16I1A2 Heritage Bay Community Development District Board of Supervisors LI Edwin Hubbard,Chairman o Bob Koncar,District Manager o John May,Vice Chairman o Justin Faircloth,District Manager o Dennis Gagne,Assistant Secretary Fl Gregory Urbancic,District Counsel o F.Jack Arcurie,Assistant Secretary n Jeffrey Satfield,District Engineer r Donna Hunter,Assistant Secretary Continued Public Hearing-Meeting Agenda March 26,20 1 8—9:00 a.m. 1. Call to Order and Roll Call 2. Consideration of Resolution 2018-7 Delegation Resolution A. Exhibits i. Exhibit A Third Supplemental Trust Indenture ii. Exhibit B Bond Purchase Agreement iii. Exhibit C Preliminary Official Statement iv. Exhibit D Continuing Disclosure Agreement B. Dissemination Agreement with Inframark C. Amendment Raymond James 3. Deferred Costs Acknowledgement and Release 4. Audience Comments 5. Adjournment District Office: Meeting Location: 210 N.University Drive,Suite 702 Heritage Bay Clubhouse Coral Springs, FL 33071 10154 Heritage Bay Boulevard 954-603-0033 Naples,FL 161 1A2 Napits I3afl u NellIS NaplesNewscom 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 romi edmnyter person,pubor corpnoration n do sanyid ndwspaperrebate, commission or refund for the purpose of securing this Customer Ad Number Copyline P.O.# HERITAGE BAY COMMUNITY 1921479 Notice of Public Hea Pub Dates February 19,2018 1(Sign ture of affiant) KAROLE KANGA$ +•s Notwig bac Stated Florida Sworn to and subscribed before me I Corren89onaGG126f4i My Comm,Wreslui 29,1a2i This February 19,2018 x` tamdhoshuanoa,txuay (Signature of affiant) 1 6 I 1A2 :SZ'a pit s Bktii 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.# HERITAGE BAY COMMUNITY 1938472 Notice of Public Hea Pub Dates February 27,2018 `, 6 t. 7,--ii."ei (Sign ture of affiant)` 1 yni>„�, KAKDIfKANGlS' Y i +`•e h Notary Pub&-Stateofitc Ida t Sworn to and subscribed before me Commission 0%17604' i i s, '` MyComm.Exp'.res Li29,7021 This February 27,2018 4 =4•°'r: ` Wed i (Signature of affiant) i6I1A2 160 E I Ue.SDAY.FEi)HUAI2'Y 20,3016 2 NAPLES DAILY NEWS 2908 BENTLEY GT SPEED 'Florida C t SN Alrrort. • A ▪ r , f k.,,, M SO' 3S000S 4U p Mth. mrk'sas ni a.qr R )ate fpr • ' - . F 46t0000(71613RU 74 nil 0l,0 hearn 78t96eeelle2CeeNn ta1GTC ,D..........,.;_.,.'....eleclrieae Nie 'eaen a • 11 ( 1 aM A11111 ite tmto Plano • o..O.'aa' ernitotded ehemm s/ .9.1 SA id i trill r. 'rte h f tw. er brddeJ a Siem,])inch IAcd 9 c..9115 ..1""' ' den (. D, -iunaua.INrp �t+oa r' wilt,1ekm1 MSRP 52TB,1dS asking 094 fia(1-106013 chrginandionu its seal . a M H N S - 'swa EPn x031 hMW OSD-1 CONY. charging Ust- hila MOI LEA METALLIC,NAPA d ae IEATN9IttWMl. Staledhe Md._ AI he received £ -� M TNI$4521 51-NEWI A581N0 dt lh 11 el O0, Antis V - lana Oryx C h i a. ; 545E(518)56I1IU Eimoal limp.ryy 1199; _NttOohw-en0ah m^4tt Ol5S Amanrurrato kebna09wt.ele�,a -v .ehn - S ifiviNi Loaded!mmc2Ul)28RT F t , f k pre FI ;,!::::=7.7,.„„..—,...„.,...........—, ✓ t d d 1 01 4 C 2 MY s,t 1]913 Ph.335M95I' p, 1 599 500 2�c�P^�;�(}o0 i18 Ial h- 2 oO 261APM On �. p r"Z n iY R i ?aCT7.i'it:'.- Shur Ada.March 22ne1,issued 1 y,a '''''"‘"'"i'-"s"""'''''"'I .....,,nia M'*k.'"''''. F" n sr,.."'"'ven Addenda mau be 6 9e" .x.be unxiM Ai 9T ND SPORTShield D0 during the addenda of Lidding. '�•„ .ap',dE,,,s ,sewto3 ib..n„n.nsar,.°` f tray 145 n Shield f •3932 An Addenda u 1 be. v....v r. hw e r k^u osii t sk3900.03013f19582 'ck owl.ref eyoir 13000 n -Dr el p $ Toev¢e to uo er teNe�llnr•. eM1 e -o,s...a. ti for rNectw 1 Dla niece 'G+ 'Sa % rn¢ cpnsvuerigh Manager '^'•^" '05 DODGE 1(W it GRAND CARAVAN reserves ono MC s. toelect Mast ed Pirrone Pvpnre Por SST C I1 nn.Stow-go 5 [ am/ono Ali bids. .sa xYn lye Itis.,,Maul _ 51,W6. EGla-31-1]3. A MANDAlURT Pre-Did tn..ulty l'.Y Ramie Lehr+err Dia Srtr Sink WV be▪roce Pr Unit 9915 DOD ESU GRAVAN , - ,0 412.1 111 lid sivlu modf• lcor.r Van Ede d downs 1n 1,Sreeting 1[4,7 Alen'd2018 y sn I.NI SWIM mod nmm.' t 200 P1vi 1 llw hen9nnl s Si, r.N (239)d91 A26 1.144.11 RAMI• al glee Snuinvrcil { - a 1101,033,11 e 9 re+k. �..c Fbdtlayln[eregao ial Ah port Si W.• v e $.0.1,1.61Si ova 1,100 1,1411,, Amelia E h NI bl SW).��`.ro Mgt, 1939 DUKE ROADMASTER Cargo.mice Ru JostFI mend ssa, w 3t sl_W3NI1r tdr roe scandium,blue.cine L,„,„„,, ATel 000Add f plate off body restoration. 110001 bel Access Road. 5, rr, an 'k I O7011 SJ3k n FO IMV _FL 33913 _ _ _, _.N 120115]T-iih 1,2'6:=1s1t1 I atimis 4 D 7306 FOREMU'',.10 9 OEDI- 1 .T5 3 ▪ ' d 1dtpM 13 . CD [N Ow m 14 ,1' 4 t Make offer Third r. If yl I I kA „,..,. ar M k AC 1057 CO0V 9J1J D I t f CA RLAC-t957 C fti6y ewes1 P t i n s on bpw kd' i =' ~ th Ned M Wh't t5 Vey _. R FM P 1' .. N 615 U00 315]296114 t0°'''''''''''f'n web Nt<. "• ,,,�,.r•z, DIWI l - lad Rohm ▪ � E.� "'ms's -�. .�. ' Dat r,n 239 sw 6191. g-,..,,,,, -. • rw " a REESE EQWUALIZER NITON Per O/,Y d heaLee(ar Ifl ll -s N N A 44 1 travel trailer(739)571 6996 Pot Authority dravoe m '� per -a,u a r,oeee� t oor0n y^ P n k kat +u+nn.orate ae e.Lti en vL=7,';',' ' MI 4�y."1, �TELY'1^t`-AUT k 0E 1 pris¢ eSI r^r ti _ - ABSOLUTELY ABIOS• D d t d Dusineas . FR t U Dead oralive.1Tap$ E're Vi P ih I stOpel, M..+ FREEPICK UP!2J0TW OMU Each hinder should r In • F —FO094165a WANTED t ds establis 045 II , t+n 7 t . .es ei.t Top Silo sh .473 fall Pe>..,aY 9 rt u• f`_ n ey lane - 961209.1660m941g73.14)1 Ane-Icons weth Ulsnens 57EARN5 MeliORS AIN 1 h YDneeding fru hsteadasmi,dadmituh • V ,� "{i.R • „fsf anti r '•••• +••^+a_- MORStaleTED • dlt eM t public Did en°"In, e ,. r BUYER 5ince 1977 9 p I C d 9 AIIVehiclzsw(24-7 I .mo[rr e.r outRxr 1611/0.110 tod or Ilm()391]74¢360 al Id t t Abel Nat .... / Project Me N O Am,. -'� - u WBIUTCAR4 001009 SYYS Kimball(2 p r(2391 561 ' -D F1;iL A Vll 9 f 41000 9191 (239)541168. "�B�@�, E� T 9n (235)595 4011 all N W' I lbn C --- tg' Z Tll. 99 ClPul,FPdC aI t 1J c IlBs� `�i' R 9 I t Department '�X�I, 7' , OD NANCOOIIEy E5/R/17 of T P t ti n Subtitle ,r 5185 tar fis.(4)Ally Hid h n Of fit! f n Secretary, 'fid ''.--...'".174,•' to al 2.5/05/x/1]52115 21 Nondiscrimination en (401)524.9295 Federally i.t•J Programs p Deportment 1'...._ i.. . of the © TITitl vi Uncvd vnis` , �, cetofl. f19b9,theRestoration Action ' 1 9 1 d the rb ida Civil { �a- RightsNet (1992,unsaid f v, d '� t" t - that'no Person n )w ,^,Kir„ NOTICE OF INTENT TO the United States snail on the • RF01NOTlC00000UlNAME basis M race,Cmof,natMeal - NUTICEOFAi'lrch1 b dor Jtsahii10 no tomb.NOUCE UeMer flet 1 Na h I t df parttetTnttof a Molt IAA OT La,v P'.'"2nl lu 5 e D d Indthubenea:t9� C P M 86hog. Flosld 9 t p su C m R lnit it _ NOTIeE d EREA 0IVEN t d I Imo oder II f fi that lllee drrsi A 0. p ar Reavity,• l . Lovell EnJ,o.b d 9 d I !1 Lorton .d n' FRA f ! told Slen e, bu. I. t f bcontracMry/ 1 awe 11 1 ntrtam the(r-tiat I n t T . p y It t t f mztt.The '"*"."',"'.'""r7!"."'."""m"'''.'".."''''''''' - {i d: OPII inn 110m. S. I ▪M M in n the at Inn h Si. pAI t A qo Ipmemt.Thu "•'' Che Cu'''of LOLLIDR I pare PR r aT A PoO M -nk -.nu ITY of Marco 15Mnd,rtn A enrccI I 'n'W C itlyy U4 IIA II M n avidS,inmemis W re0et,0 the dkcrlenlnend OrRe bttuJ by s ed nia a kh I t Deve the the ACs and the nipli,ms of Carpnrahrmt } the 0.41,441 Pin 41(.41 M 1 • -Mr L� Florida ft ep, r t of Stale. froc`khswit,.th0 act - .,p F.,„..,,,, t'i-,,1",M.fl"ierxly DATF yV J 4Ytlo u,';'"penAlR C' 1.. , 1.11i.issuerl,.•ei.:n+:es 'ru erii,N11A Dot 99(FII Dart 21. ^ u din. h 'rum pr . t1930,37 • "a9+' F I Y7T polo N 193;,,37 General Ciel Rights agrees A, T"'- T'e CUntfactnr • i'L 7 .: �. K ,Nd Y,avilh pnrtl t ial t \9 05w Nn Erect ave Orde d n (tallier LD 1e he COY culls a damsel./to 4 s • _d. d I,r:3 vnnol qm uiyy :., to "'e >e3w. ....^•-w n,n.. nr 1. • .. „c gird-2'41e I the ext of t ;",•0nstruclion i Colllef in n t I tEll. .',,,,.9", n! d } e 10n .n.M1 frtrd lAn Landualxn '0• .rZ Ind Irri in C Ier CcNon• p d 'p ItM9 InYo Jt.i1Y .nxN 9gsr ay.. of in h' e.u..,s. Sale] n Culler CUtlieY, a to I . I.nM a o / . 35012 in serif ,, 1 to fromFr%,..asc t -H I no lair.thin are_ 3/23/2019 at andAto looal Februar'/zo.zi u.rh x.)atR andatnry pre No.1919113 ss.. Y N 4 bid 10 W I 1 IUi 3/S/2OM t 11 D6AM local Ume There's ��D. u..,vL =nrun� . = . Pr t btilArr9 Host ic▪I t htyyil //'srvw • Yclicking -Not J„trretii.� no place eni • Once nil a,Interested commito ^1'-`+ @ �+ pati m biinawmplete like...here! "'• .dr L - .., 1 01 h nts at,haps':/ • 4 - K ear ,q 'a'P m' saw.h dsYntcomlbdsYnr- y, >~ February 20.28,201a Real Estate 101.1001,A143,1,011501 WOMEN.,consitmrvvvxrumsEvr Kin.r.r: Nn.1.936u50 -N9wrtl Bid �, n We. har9lnp 9R 4 g iaNtPcy sAmps ��1ra H .. in Fort Myers,it s . twel etas a , 1 -t9oanYa oe .v.aw v e d,•r^•,-k IMen AmosdO b :env �rNuw aN': t If 11 I A I. (rms ! t II f c [Wyse e7f..�� 4t R.r• I,., n 9 9 '111111.11 hod 'v Nn.. a..w,▪ neo., .nm associated<nmPnceou at the ^meR . 124''4alRa4,.0'smmh.c.i 10 e, Olid ysn w' tan n.,�„ena..nN^a..,.a r.awt,w,..r.P2-.d•,.r<._ ...• t •gin a.,f9enrw.m 4 rvh s L a F d n,h 4 Y ^`l >t r 1,4 S 1 t 111 I f Collier3County,Florida, 11 cdD•Request k�w, 2.YUVn't'mt the date nated'helmr11'ur the Wombed:dementunlel a nn.nia&it.lo0.•v..e9.ctik.n unetu.mauorol ...02tt•, :I.nil Yze0s04 en.• ��. ,500▪1 FQQu B TITLC OPEN k• i,v A ltl-liJ Fnlesslo.sal Contract Services Mazcle 20.201. t. x ry� ,.vneaa.�w6i.:'Ott▪ - n Scope of work and re S 1 A- ^P"'r sO' M e+e requirements a:' b a' nntPaspr se';�°55110 e06mi 10zu'D2°or is/.Ran<v-naew_ ,,a.r.ne,n uuhann .r •,a.n http./vaww.edlie senooIo•cum/Da9e41979 or ran 239-37i.02.v. v ..,: el The School Board of Collier County,lloriG ,i - w1` " P iml Dr/s/Dr.Kuroda natl0n ..era. nit permtendcnt MS,huols U.sso a..e _ n.- TuthoriacdbYt 11011( 114CmD11,RyIRRluen,evrnatusT Dirk/Nara Director of bends:aing r ver wae9n February 27,March.0,33,2018 60,1935792 n 161 1A2 RESOLUTION NO.2018-7 A RESOLUTION OF HERITAGE BAY COMMUNITY DEVELOPMENT DISTRICT AUTHORIZING THE ISSUANCE OF AND AWARDING THE SALE OF ITS NOT EXCEEDING $16,620,000 PRINCIPAL AMOUNT OF HERITAGE BAY COMMUNITY DEVELOPMENT DISTRICT CAPITAL IMPROVEMENT REVENUE REFUNDING BONDS, SERIES 2018A-1 AND ITS NOT EXCEEDING $4,515,000 PRINCIPAL AMOUNT OF HERITAGE BAY COMMUNITY DEVELOPMENT DISTRICT CAPITAL IMPROVEMENT REVENUE BONDS, SERIES 2018A-2 (COLLECTIVELY, "THE 2018 BONDS") FOR THE PRINCIPAL PURPOSES OF REFUNDING ALL OF THE OUTSTANDING HERITAGE BAY COMMUNITY DEVELOPMENT DISTRICT CAPITAL IMPROVEMENT REVENUE REFUNDING BONDS, SERIES 2014; RETIRING CERTAIN OTHER DISTRICT DEBT AND CONSTRUCTING STORMWATER MANAGEMENT AND RELATED IMPROVEMENTS; DELEGATING TO THE CHAIRMAN OR VICE CHAIRMAN OF THE BOARD OF SUPERVISORS OF THE DISTRICT, SUBJECT TO COMPLIANCE WITH THE APPLICABLE PROVISIONS HEREOF, THE AUTHORITY TO AWARD THE SALE OF SUCH 2018. BONDS TO RAYMOND JAMES & ASSOCIATES, INC. BY EXECUTING AND DELIVERING TO SUCH UNDERWRITER A BOND PURCHASE AGREEMENT; APPROVING THE FORM OF AND AUTHORIZING THE EXECUTION OF THE THIRD SUPPLEMENTAL TRUST INDENTURE; MAKING CERTAIN FINDINGS; APPROVING FORM OF SAID 2018 BONDS; APPROVING THE FORM OF THE PRELIMINARY OFFICIAL STATEMENT AND AUTHORIZING THE USE OF THE OFFICIAL STATEMENT AND THE PRELIMINARY OFFICIAL STATEMENT AND THE EXECUTION OF THE OFFICIAL STATEMENT; APPROVING THE FORM OF THE CONTINUING DISCLOSURE AGREEMENT AND AUTHORIZING THE EXECUTION THEREOF; DELEGATING TO THE DISTRICT MANAGER THE AUTHORITY TO PURCHASE A MUNICIPAL BOND INSURANCE POLICY AND SURETY BOND FOR DEPOSIT TO THE 2018 RESERVE ACCOUNT; AUTHORIZING CERTAIN OFFICIALS OF HERITAGE BAY COMMUNITY DEVELOPMENT DISTRICT AND OTHERS TO TAKE ALL ACTIONS REQUIRED IN CONNECTION WITH THE ISSUANCE, SALE AND DELIVERY OF SAID 2018 BONDS; CALLING THE BONDS TO BE REFUNDED FOR EARLY REDEMPTION; PROVIDING CERTAIN OTHER DETAILS WITH RESPECT TO SAID 2018 BONDS; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, Heritage Bay Community Development District (the "District") is authorized by Florida Statutes, Chapter 190(the "Act"),particularly Section 190.016(7),and the Master Indenture (as hereinafter defined) to issue its bonds for the purpose of refunding outstanding obligations of the District, including the District's outstanding Capital Improvement Revenue Refunding Bonds, Series 2014(the "Refunded Bonds");and 44322765;2 1611A2 WHEREAS, the District is also authorized by the Act and the Master Indenture to issue its bonds to retire outstanding debt obligations of the District and to pay the Cost of a Series Project; and WHEREAS, on September 26, 2005 the Circuit Court of Collier County validated the issuance by the District of not exceeding $50 million in principal amount of its capital improvement revenue bonds;and WHEREAS, the District issued its Capital Improvement Revenue Refunding Bonds, Series 2014 to currently refund the District's Capital Improvement Revenue Bonds, Series 2005 the proceeds of which provided the District funds to acquire and construct "assessable improvements"all for the special benefit of residents of the District(the "2005 Project"); and WHEREAS, the District on September 10, 2015 entered into a Loan Agreement with CNLBank (the "2015 Loan") pursuant to which the District is authorized to borrow $250,000 principal amount to make improvements to bridge retaining walls (collectively with the 2005 Project,the"Prior Project");and WHEREAS, the District has accepted the report of CPH, Inc., describing certain improvements consisting primarily of stormwater management improvements that will provide special benefit to all of the assessable lands in the District(the"Project");and WHEREAS,the District is authorized by the Act to make payments of principal,interest, and premium, if any, with respect to its bonds by levying and collecting special assessments on property located within the District and specially benefited by the Prior Project and the Project; and WHEREAS, the District now desires to authorize the issuance of and award the sale of its Capital Improvement Revenue Refunding Bonds, Series 2018A-1 (the "A-1 Bonds") to restructure District debt to the advantage of its residents and landowners and its Capital Improvement Revenue Bonds, Series 2018A-2 (the "A-2 Bonds," collectively with the A-1 Bonds, the "2018 Bonds"), to approve the Supplemental Indenture (hereinafter defined) and to provide for various other matters relating to the issuance of the 2018 Bonds; and WHEREAS, the Board of Supervisors of the District (the "Board") has received from Raymond James & Associates, Inc. (the "Underwriter") a proposal in the form of a Bond Purchase Agreement (the "Contract") for the purchase of the 2018 Bonds and the Board has determined that acceptance of such proposal and the sale of the 2018 Bonds to the Underwriter is in the best interest of the District for the reasons hereafter indicated; NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF HERITAGE BAY COMMUNITY DEVELOPMENT DISTRICT,as follows: SECTION 1. Definitions. All words and phrases used herein in capitalized form,unless otherwise defined herein, shall have the meaning ascribed to them in the Indenture (hereinafter defined). 2 44322765;2 1611A2 SECTION 2. Authorization. There is hereby authorized to be issued not exceeding $16,620,000 principal amount of A-1 Bonds and $4,515,000 principal amount of A-2 Bonds. The 2018 Bonds shall be issued under and secured by that Master Trust Indenture dated as of November 1,2005 (the "Master Indenture")by and between the District and U.S. Bank National Association, as successor in interest to Wachovia Bank, National Association as trustee, (the "Trustee") as supplemented by that Third Supplemental Trust Indenture by and between the District and the Trustee (the "Supplemental Indenture") (the Master Indenture and the Supplemental Indenture referred to collectively as the "Indenture"). The proceeds of the 2018 Bonds shall be used for the purposes set forth in the Supplemental Indenture and the Official Statement(hereinafter defined). SECTION 3. Approval of Supplemental Indenture. The Supplemental Indenture is hereby approved in substantially the form set forth as part of Exhibit A hereto and the Chairman or the Vice Chairman of the Board are hereby authorized and directed to execute and deliver such Supplemental Indenture on behalf of and in the name of the District and the Secretary or any Assistant Secretary of the Board is hereby authorized to attest such execution, with such additions and deletions therein as may be made and approved by the Chairman or the Vice Chairman executing the same, such execution to be conclusive evidence of such approval. The Trustee is hereby approved to serve as Trustee, Bond Registrar and Paying Agent under such Supplemental Indenture. SECTION 4. Negotiated Sale. Consistent with Section 218.385 of the Florida Statutes, the Board hereby determines that a negotiated sale of the 2018 Bonds to the Underwriter is in the best interest of the District because of prevailing market conditions, because delays caused by soliciting competitive bids could adversely affect the District's ability to issue and deliver the 2018 Bonds at presently favorable interest rates, and because the nature of the security for the 2018 Bonds and the sources of payment of debt service on thc 2018 Bonds require the participation of an underwriter in structuring the bond issue. Prior to the award of the 2018 Bonds, the Underwriter shall provide to the District the disclosure required under Section 218.385,Florida Statutes. SECTION 5. Contract Approved. The Board hereby approves the Contract submitted by the Underwriter in substantially the form attached as Exhibit B hereto. The Chairman or Vice Chairman of the Board is hereby authorized to execute the Contract and to deliver the Contract to the Underwriter with such changes, amendments, modifications, omissions and additions as may be approved by the executing Chairman or Vice Chairman;provided,however, that(i) the final maturity of the 2018A-1 Bonds shall be no later than May 1, 2036 and the final maturity of the A-2 Bonds shall be no later than May 1,2022, (ii)the A-1 Bonds shall be subject to optional redemption no later than May 1,2028, at a redemption price of 100%of the principal amount to be redeemed plus accrued interest to the redemption date and the A-2 Bonds shall not be subject to optional redemption (iii) the true interest cost for the 2018 Bonds will not exceed 5.0% and (iv) the Underwriter discount shall not exceed 1.2% of the principal amount of the 2018 Bonds. Execution by the Chairman or Vice Chairman of the Contract shall be deemed to be conclusive evidence of approval of such changes. SECTION 6. Preliminary Official Statement and Official Statement. The District hereby approves the Preliminary Official Statement in substantially the form attached hereto(the 3 44322765,2 1611A2 "Preliminary Official Statement") as Exhibit C and authorizes its distribution and use by the Underwriter in connection with the offering for the sale of the 2018 Bonds. If between the date hereof and the mailing of the Preliminary Official Statement it is necessary to make insertions, modifications and changes to the Preliminary Official Statement, the Chairman or Vice Chairman is hereby authorized to approve such insertions, changes and modifications, and, the Chairman or Vice Chairman is hereby authorized to deem the Preliminary Official Statement "final" within the meaning of Rule 15c2-12 of the Securities and Exchange Commission (the "Rule") under the Securities Exchange Act of 1934, in the form as mailed and in furtherance thereof to execute a certificate evidencing same. The preparation of a final Official Statement is hereby approved and the Chairman or Vice Chairman is hereby authorized to execute such final Official Statement to be dated the date of the award of the 2018 Bonds and to deliver the same to the Underwriter for use by it in connection with the sale and distribution of the 2018 Bonds. The Official Statement shall be substantially in the form of the final Preliminary Official Statement, with such changes as shall be approved by the Chairman or Vice Chairman as necessary to conform to the details of the 2018 Bonds and such other insertions,modifications and changes as may be approved by the Chairman or Vice Chairman. The execution and delivery of the Official Statement by the Chairman or Vice Chairman shall constitute evidence of the approval thereof. The District hereby authorizes the use of the Preliminary Official Statement and the Official Statement and the information contained therein in connection with the offering and sale of the 2018 Bonds. SECTION 7. Form of 2018 Bonds. The 2018 Bonds shall be in substantially the form as set forth in the exhibit to the Supplemental Indenture,with such additions, deletions and other changes thereto as the officials of the Board executing the 2018 Bonds shall approve, such approval to be conclusively evidenced by the execution of the 2018 Bonds (by manual or facsimile signature) by such officials. The Board hereby authorizes and approves the use of a facsimile of the District seal on the 2018 Bonds. SECTION 8. Continuing Disclosure Certificate. The form and content of the Continuing Disclosure Agreement (the "Disclosure Agreement") relating to the 2018 Bonds attached hereto as Exhibit D is hereby approved. The Chairman or Vice Chairman and the Secretary or any Assistant Secretary are hereby authorized to execute on behalf of the District the Disclosure Agreement in substantially the form attached hereto, with such additions, deletions, and other changes as may be necessitated by applicable law, this Resolution and the Contract as such officers may approve (such approval to be conclusively evidenced by their execution of the Disclosure Document). SECTION 9. Early Redemption of Refunded Bonds. Subject to delivery of the 2018 Bonds, the then Outstanding Refunded Bonds are hereby irrevocably called for redemption on the delivery date of the 2018 Bonds, at the redemption price of 100%of the principal amount of such Refunded Bonds together with accrued interest to the redemption date. The 2015 Loan shall be retired on the date of delivery of the 2018 Bonds at the principal amount outstanding and as otherwise provided in the documents securing the 2015 Loan. SECTION 10. Delegation to Obtain and Deliver Bond Insurance Policy and Reserve Account Insurance Policy. The Board hereby delegates to the District Manager the authority to obtain a commitment for a municipal bond insurance policy in regard to any or all of 4 44322765;2 1 6 1 1 A 2 the 2018 Bonds (the "Bond Insurance Policy") after consulting with the District's financial advisor to determine net interest costs savings to the District resulting from a Bond Insurance Policy, and the District Manager is hereby authorized to execute and deliver such commitment and any additional documents and agreements as may be required as a condition to the delivery of the Bond Insurance Policy. The Board hereby delegates to the District Manager the authority to obtain a commitment for a surety bond for deposit to the 2018 Reserve Account(the "Reserve Account Insurance Policy") in regard to any or all of the 2018 Bonds after consulting with the District's financial advisor to determine net interest costs savings to the District resulting from a Reserve Account Insurance Policy,and the District Manager is hereby authorized to execute and deliver such commitment and any additional documents and agreements as may be required as a condition to the delivery of the Reserve Account Insurance Policy. SECTION 11. Compliance with Section 190.016(7), Florida Statutes. The District hereby finds that the refunding as described herein and in the Supplemental Indenture and the Preliminary Official Statement comply with Section 190.016(7), Florida Statutes in that the issuance of the 2018 Bonds is advantageous to the District. SECTION 12. Open Meetings. It is hereby found and determined that all official acts of this Board concerning and relating to the issuance, sale, and delivery of the 2018 Bonds, including but not limited to adoption of this Resolution, were taken in open meetings of the members of the Board and all deliberations of the members of the Board that resulted in such official acts were in meetings open to the public, in compliance with all legal requirements including,but not limited to,the requirement of Florida Statutes, Section 286.011. SECTION 13. Other Actions. The Chairman, the Vice Chairman, the Secretary and any Assistant Secretary of the District, and any authorized designee thereof(collectively, the "District Officers"), Akerman LLP, as Bond Counsel and Coleman, Yovanovich & Koester, P.A., Counsel to the District, and any other consultant or experts retained by the District, are hereby authorized and directed to take all actions necessary or desirable in connection with the issuance and delivery of the 2018 Bonds and the consummation of all transactions in connection therewith. The District Officers are hereby authorized and directed to execute all necessary or desirable certificates, documents, papers, and agreements necessary to the undertaking and fulfillment of all transactions referred to in or contemplated by the Supplemental Indenture, the Preliminary Official Statement, the Official Statement, this Resolution, the Disclosure Document,the Escrow Deposit Agreement and the Contract. SECTION 14. Approval of Prior Actions. All actions taken to date by the members of the Board and the officers,agents,and employees of the District in furtherance of the issuance of the Bonds are hereby approved,confirmed and ratified. SECTION 15. Inconsistent Resolutions and Motions. All prior resolutions of the Board inconsistent with the provisions of this Resolution are hereby modified, supplemented and amended to conform with the provisions herein contained and, except as so modified, supplemented and amended hereby,shall remain in full force and effect. SECTION 16. Severability. If any section, paragraph, clause or provision of this Resolution shall be held to be invalid or ineffective for any reason, the remainder of this 5 44322765;2 1 6 1 1 A 2 Resolution shall continue in full force and effect, it being expressly hereby found and declared that the remainder of this Resolution would have been adopted despite the invalidity or ineffectiveness of such section,paragraph,clause or provision. SECTION 17. Effective Date. This Resolution shall become effective immediately upon its adoption. ADOPTED this 26th day of March,2018. HERITAGE BAY COMMUNITY DEVELOPMENT DISTRICT By: o--- � I v3--- Edwin Hubbard,Chairman [SEAL] Attest: By: fi)-- Justin y 'rcloth,Secretary // 6 44322765;2 1611A2 THIRD SUPPLEMENTAL TRUST INDENTURE BETWEEN HERITAGE BAY COMMUNITY DEVELOPMENT DISTRICT AND U.S.BANK NATIONAL ASSOCIATION, AS TRUSTEE Dated as of April 1,2018 44101830,4 1 6 1 1 A 2 TABLE OF CONTENTS This Table of Contents is incorporated herein for ease of reference only and shall not be deemed a part of the Third Supplemental Trust Indenture. ARTICLE I DEFINITIONS 4 Section 101. Definitions 4 ARTICLE II AUTHORIZATION,ISSUANCE AND PROVISIONS OF 2018 BONDS 8 Section 201. Authorization of 2018 Bonds;Book-Entry Only Form 8 Section 202. Terms of 2018 Bonds 10 Section 203. Dating; Interest Accrual 10 Section 204. Denomination 10 Section 205. Paying Agent 11 Section 206. Bond Registrar 11 Section 207. Conditions Precedent to Issuance of 2018 Bonds 11 Section 208. Continuing Disclosure 11 ARTICLE III REDEMPTION OF 2018 BONDS 12 Section 301. 2018 Bonds Subject to Redemption and Purchase 12 ARTICLE IV DEPOSIT OF 2018 BOND PROCEEDS AND APPLICATION THEREOF; ESTABLISHMENT OF FUNDS,ACCOUNTS,AND SUBACCOUNTS AND OPERATION THEREOF 12 Section 401. Establishment of Funds, Accounts,and Subaccounts 12 Section 402. Use of 2018 Bond Proceeds and Other Legally Available Moneys 12 Section 403. 2018 Acquisition and Construction Account 13 Section 404. 2018 Costs of Issuance Account 13 Section 405. 2018 Reserve Account 13 Section 406. Application of Prepayment Principal 14 Section 407. Tax Covenants and Rebate Accounts 14 Section 408. Establishment of 2018 Revenue Account in Revenue Fund; Application of Revenues and Investment Earnings 15 ARTICLE V CONCERNING THE TRUSTEE 16 Section 501. Acceptance by Trustee 16 Section 502. Limitation of Trustee's Responsibility 16 Section 503. Trustee's Duties 16 ARTICLE VI MISCELLANEOUS 16 Section 601. Confirmation of Master Indenture 16 Section 602. Collection of Series 2018 Assessments 17 Section 603. Parity Bonds 17 Section 604. Brokerage Confirmations 17 Section 605. Payment Dates 17 Section 606. Patriot Act Requirement of Trustee 17 EXHIBIT "A" Form of 2018 Bonds 44101530;4 1 6 1 1 A 2 THIRD SUPPLEMENTAL TRUST INDENTURE THIS THIRD SUPPLEMENTAL TRUST INDENTURE (the "Third Supplemental Indenture") dated as of April 1, 2018, from HERITAGE BAY COMMUNITY DEVELOPMENT DISTRICT, a local unit of special purpose government established under the laws of the State of Florida(the"District")to U.S.BANK NATIONAL ASSOCIATION,as trustee (the "Trustee"), a national banking association under the laws of the United States of America and authorized to accept and execute trusts of the character herein set forth, with its designated corporate trust office located at 225 E. Robinson Street, Suite 250, Orlando, Florida 32801,Attention: Corporate Trust Department. WHEREAS, pursuant to Resolution 2005-16 adopted by the Governing Body of the District on July 21, 2005 (the "Master Bond Resolution"), the District has authorized the issuance, sale and delivery of "Capital Improvement Revenue Bonds" of various series in an aggregate principal amount not to exceed $50,000,000 (the "Bonds"), as authorized under the Master Trust Indenture dated as of November 1, 2005 between the District and the Trustee (the "Master Indenture"), which Bonds were validated by final judgment of the Circuit Court of Collier County, Florida on September 26, 2005 the appeal period for which has expired with no appeal having been taken; and WHEREAS, the District has entered into the Master Indenture with the Trustee, as successor trustee,to secure the issuance of its Bonds, issuable in one or more Series from time to time; and WHEREAS, the District is a community development district duly organized and existing under the provisions of Chapter 190, Florida Statutes, as amended (the "Act"), for the purpose, among other things, of financing and refinancing and managing the acquisition, construction, maintenance, and operation of the major infrastructure, and public facilities within and as provided in the Act without the boundaries of the District; and WHEREAS, the District for the primary purpose of refinancing the costs of constructing and acquiring public infrastructure and other public improvements in accordance with the provisions of the Act issued its Capital Improvement Revenue Refunding Bonds, Series 2014 (the "Prior Bonds") in the principal amount of$17,490,000 pursuant to the Master Indenture and a Second Supplemental Trust Indenture dated as of August 1, 2014 by and between the District and the Trustee the proceeds of such Prior Bonds being applied to currently refund and redeem the District's Capital Improvement Revenue Bonds, Series 2005, to pay certain costs associated with the issuance of the Prior Bonds and to make a deposit into the Series 2014 Reserve Account; and WHEREAS,the District is authorized by the Act,particularly Section 190.016(7)thereof to issue bonds of the District to provide for the refunding of obligations of the District like the Prior Bonds; and WHEREAS, the District has determined it to be advantageous to the District to issue its Capital Improvement Revenue Refunding Bonds, Series 2018A-1 (the "2018A-1 Bonds")for the primary purpose of, together with other legally available moneys of the District, currently 44101830;4 1 6 1 1 A 2 refunding all of the Prior Bonds Outstanding on the date of issuance of the 2018A-1 Bonds (the "Refunded Bonds"), which refunding will reduce the debt service of the District to the advantage of certain residents of the District; and WHEREAS,the District has also determined it will be advantageous to the residents and landowners of the District that the District issue its Capital Improvement Revenue Bonds, Series 2018A-2 (the 2018A-2 Bonds, collectively with the 2018A-1 Bonds, the "2018 Bonds") to construct certain stormwater management and related improvements, (the"2018 Project"); and WHEREAS,proceeds of the 2018A-2 Bonds will also be applied to retire on the date of delivery of the 2018A-2 Bonds the District's obligations under that certain Loan Agreement dated as of September 10, 2015 between the District and Valley National Bank as successor to CNLBank(the"2015 Loan Agreement") ; and WHEREAS, pursuant to Resolution 2018-7 adopted by the Governing Body of the District on March 19, 2018 (the "Bond Resolution"), the District has authorized the issuance, sale and delivery of $ principal amount of its 2018A-1 Bonds and $ principal amount of 2018A-2 Bonds and authorized the execution and delivery of this Third Supplemental Indenture to secure the issuance of the 2018 Bonds and to set forth the terms of the 2018 Bonds; and WHEREAS, the Governing Body of the District duly adopted District Resolutions 2018- 2 and 2018-3 on , 2018, defining assessable property to be benefited by the assessable improvements to be tinanced and refinanced with proceeds of the 2018 Bonds and the manner in which such Series 2018 Assessments would be levied against such benefited property within the District, directing the preparation of an assessment roll, calling for a public hearing of the District at which owners of property to be subject to the Series 2018 Assessments may be heard as to the propriety and advisability of levying the Series 2018 Assessments, the manner of payment therefor, and the amount to be assessed against each property and the Governing Body of the District duly adopted Resolution 2018-6 on March 19, 2018, following a public hearing conducted in accordance with the Act, to equalize and levy the Series 2018 Assessments and the benefited property against which such are imposed (collectively, the "2018 Assessment Proceedings"); and WHEREAS, the 2018 Bonds are issued hereunder as one Series of Bonds under, and as defined in,the Master Indenture; and WHEREAS, the execution and delivery of the 2018 Bonds and of this Third Supplemental Indenture have been duly authorized by the Governing Body of the District and all things necessary to make the 2018 Bonds,when executed by the District and authenticated by the Trustee, valid and binding legal obligations of the District and to make this Third Supplemental Indenture a valid and binding agreement and, together with the Master Indenture, a valid and binding lien on the 2018 Trust Estate(as hereinafter defined)have been done; NOW THEREFORE, KNOW ALL MEN BY THESE PRESENTS, THIS THIRD SUPPLEMENTAL TRUST INDENTURE WITNESSETH: 2 44101830;4 1611A2 That the District, in consideration of the premises, the acceptance by the Trustee of the trusts hereby created, the mutual covenants herein contained, the purchase and acceptance of the 2018 Bonds by the purchaser or purchasers thereof, and other good and valuable consideration, receipt of which is hereby acknowledged, and in order to further secure the payment of the principal and Redemption Price(as defined in the Master Indenture) of, and interest on, all 2018 Bonds Outstanding (as defined in the Master Indenture) from time to time, according to their tenor and effect, and such other payments required to be made under the Master Indenture or hereunder, and to further secure the observance and performance by the District of all the covenants and such other payments due under any Credit Facility (as defined in the Master Indenture), expressed or implied in the Master Indenture, in this Third Supplemental Indenture and in the 2018 Bonds: (a) has executed and delivered this Third Supplemental Indenture and (b) does hereby, grant, bargain, sell, convey, transfer, assign and pledge unto the Trustee, and unto its successors in interest the trusts under the Master Indenture and hereunder, and to them and their successors and assigns forever, all right, title and interest of the District, in, to and under, subject to the terms and conditions of the Master Indenture and the provisions of the Master Indenture and this Third Supplemental Indenture pertaining to the application thereof for or to the purposes and on the terms set forth in the Master Indenture and this Third Supplemental Indenture to the 2018 Bonds, the revenues derived by the District from the Series 2018 Assessments (hereinafter defined) (the "2018 Pledged Revenues") and the Funds and Accounts, including those created herein, (collectively, the "2018 Pledged Funds" and with the Series 2018 Pledged Revenues, the "2018 Trust Estate") established hereby and in the manner set forth below as provided herein; TO HAVE AND TO HOLD all the same by the Master Indenture granted, bargained, sold, conveyed, transferred, assigned and pledged, or agreed or intended so to be, to the Trustee and its successors in trust and to it and its assigns forever; IN TRUST NEVERTHELESS, except as in each such case may otherwise be provided in the Master Indenture or this Third Supplemental Indenture, upon the terms and trusts in the Master Indenture and this Third Supplemental Indenture for the equal and proportionate benefit, security and protection of all and singular the present and future Owners of the Series 2018 Bonds issued or to be issued under and secured by this Third Supplemental Indenture, without preference, priority or distinction as to lien or otherwise, of any one 2018 Bond over any other 2018 Bond by reason of priority in their issue, sale or execution; PROVIDED HOWEVER, that if the District, its successors or assigns, shall well and duly pay, or cause to he paid, or make due provision for the payment of the principal and Redemption Price of the 2018 Bonds or any 2018 Bond secured and Outstanding under this Third Supplemental Indenture and the interest due or to become due thereon, at the times and in the manner mentioned in the 2018 Bonds and this Third Supplemental Indenture, according to the true intent and meaning thereof, and shall well and truly keep, perform and observe all the covenants and conditions pursuant to the terms of the Master Indenture and this Third Supplemental Indenture to be kept, performed and observed by it, and shall pay or cause to be paid to the Trustee all sums of money due or to become due to it in accordance with the terms and provision of the Master Indenture and this Third Supplemental Indenture, then upon such final payments, this Third Supplemental Indenture and the rights hereby granted shall cease and 3 441018304 1611A2 terminate, with respect to such 2018 Bonds, otherwise this Third Supplemental Indenture shall remain in full force and effect; THIS THIRD SUPPLEMENTAL INDENTURE FURTHER WITNESSETH, and it is expressly declared, that all 2018 Bonds issued and secured hereunder are to be issued, authenticated and delivered and all of the rights and property pledged to the payment thereof are to be dealt with and disposed of under, upon and subject to the terms, conditions, stipulations, covenants, agreements, trusts, uses and purposes as in the Master Indenture (except as amended directly or by implication by this Third Supplemental Indenture), including this Third Supplemental Indenture, expressed, and the District has agreed and covenanted, and does hereby agree and covenant, with the Trustee and with the respective Owners and Beneficial Owners, from time to time,of the 2018 Bonds,as follows: ARTICLE I DEFINITIONS Section 101. Definitions. All terms used herein that are defined in the recitals hereto are used with the same meaning herein unless the context clearly requires otherwise. All terms used herein that are defined in the Master Indenture are used with the same meaning herein (including the use of such terms in the recitals hereto and the granting clauses hereof) unless (i)expressly given a different meaning herein or (ii) the context clearly requires otherwise. In addition,unless the context clearly requires otherwise,the following terms used herein shall have the following meanings: "Beneficial Owner" shall mean the owners from time to time of the 2018 Bonds for federal income tax purposes. "Bond Depository" shall mean the securities depository existing from time to time under Section 201 hereof. "Bond Participants" shall mean those broker-dealers, banks and other financial institutions from time to time for which the Bond Depository holds 2018 Bonds as securities depository. "Continuing Disclosure Agreement" means that certain Continuing Disclosure Agreement by and between the District and dated the date of issuance and delivery of the 2018 Bonds, as originally executed and as it may be amended from time to time in accordance with the terms thereof "Delinquent 2018 Assessment Interest" shall mean Series 2018 Assessment Interest deposited with the Trustee after the date on which such Series 2018 Assessment Interest has become due and payable. "Delinquent 2018 Assessment Principal" shall mean Series 2018 Assessment Principal deposited with the Trustee after the date on which such Series 2018 Assessment Principal has become due and payable. 4 44101830;4 161 11e "DTC" shall mean The Depository Trust Company, New York, New York, and its successors and assigns. "Interest Payment Date" shall mean each May 1 and November 1, commencing November 1, 2018. "Nominee" shall mean the nominee of the Bond Depository, which may be the Bond Depository, as determined from time to time pursuant to this Supplemental Indenture. "Series 2018 Assessments" shall mean the Assessments levied by the District against developed and developable property within the District pursuant to the 2018 Assessment Proceedings. "Series 2018 Assessment Interest" shall mean the interest on Series 2018 Assessments received by the District which is pledged to the 2018 Bonds, other than Delinquent 2018 Assessment Interest. "Series 2018 Assessment Principal" shall mean the principal amount of Series 2018 Assessments received by the District which are pledged to the 2018 Bonds, other than Delinquent 2018 Assessment Principal and Series 2018 Prepayment Principal. "Series 2018 Prepayment Principal" shall mean the excess amount of Series 2018 Assessment Principal received by the District over the Series 2018 Assessment Principal then due, but shall not include Delinquent 2018 Assessment Principal. Series 2018 Prepayment Principal shall not include the proceeds of any refunding bonds. "2018 Investment Obligations" shall mean and include any of the following securities: (A) Government Obligations; (B) obligations of any Federal agency whose debt rating is in the top rating category by both Moody's and S&P. (C) deposits,Federal funds or bankers'acceptances(with term to maturity of 270 days or less) of any bank which has an unsecured,uninsured and unguaranteed obligation rated in one of the top two rating categories by both Moody's and S&P; (D) commercial paper rated in the top two rating categories by both Moody's and S&P; (E) obligations of any state of the United States or political subdivision thereof or constituted authority thereof the interest on which is exempt from federal income taxation under Section 103 of the Code and rated in one of the top two rating categories by both Moody's and S&P; (F) either (A) shares of a diversified open-end management investment company (as defined in the Investment Company Act of 1940)or a regulated investment company(as defined in Section 851(a) of the Code) that is a money market fund that is rated in the highest rating 5 44101830;4 1611A2 category by Moody's or S&P, or (B) shares of money market mutual funds that invest only in Government Obligations and repurchase agreements secured by such obligations, which funds are rated in the highest categories for such funds by Moody's or S&P; (G) any other investment approved in writing by the Owners of a majority in aggregate principal amount of the 2018 Bonds; (H) bonds, notes and other debt obligations of any corporation organized under the laws of the United States, any state or organized territory of the United States or the District of Columbia, if such obligations are rated in one of the three highest ratings by both Moody's and S&P or in one of the two highest categories by either S&P or Moody's; (I) the Local Government Surplus Funds Trust Fund as described in Florida Statutes, Section 218.405 or the corresponding provisions of subsequent laws provided that such fund is rated at least "AA" by S&P (without regard to gradation) or at least "Aa" by Moody's (without regard to gradation); and (J) repurchase agreements, which will be collateralized at the onset of the repurchase agreement of at least 103% marked to market weekly by the provider with collateral with a domestic or foreign bank or corporation or non-bank financial institution (other than life or property casualty insurance company) the long-term debt of which, or, in the case of a financial guaranty insurance company, claims paying ability, of the guarantor is rated at least "A-" by S&P and "A3"by Moody's provided that the repurchase agreement shall provide that if during its term the provider's rating by S&P and Moody's as applicable, falls below "A-" or "A3," respectively, the provider shall immediately notify the District and the Trustee and the provider shall at its option, within ten days of receipt of publication of such downgrade, either (A) maintain Collateral at levels, as prescribed in the agreement, or (B) repurchase all collateral and terminate the repurchase agreement. Further, if the provider's rating by either S&P or Moody's falls below "Baa3" or "BBB-," respectively, the repurchase agreement shall provide that the provider must immediately notify the District and the Trustee of such occurrence, and following such notice the Issuer shall direct the Trustee, within five (5) Business Days, to either (1) maintain collateral at levels as prescribed in the agreement, or (2) repurchase all collateral and terminate the repurchase agreement without penalty. In the event the repurchase agreement provider has not satisfied the above conditions within ten (10) Business Days of the date such conditions apply, then the repurchase agreement shall provide that the Trustee shall he entitled to,and in such event,the Trustee shall withdraw the entire amount invested plus accrued interest, upon its obtaining knowledge of such failure, within ten (10) Business Days. Any repurchase agreement entered into pursuant to the Indenture shall contain the following additional provisions: Failure to maintain the requisite collateral percentage will require the District or the Trustee to liquidate the collateral as provided above; The Holder of the Collateral, as hereinafter defined, shall have possession of the collateral or the collateral shall have been transferred to the Holder of the collateral, in accordance with applicable state and federal laws (other than by means of entries on the transferor's books); 6 44101830;4 16 % 1A2 The repurchase agreement shall state and an opinion of counsel in form and in substance satisfactory to the District and the Trustee shall be rendered that the Holder of the collateral has a perfected first priority security interest in the collateral, any substituted collateral and all proceeds thereof(in the case of bearer securities, this means the Holder of the collateral is in possession); The repurchase agreement shall be a "repurchase agreement" as defined in the United States Bankruptcy Code and, if the provider is a domestic bank, a "qualified financial contract" as defined in the Financial Institutions Reform, Recovery and Enforcement Act of 1989 ("FIRREA")and such bank is subject to FIRREA; The repurchase transaction shall be in the form of a written agreement, and such agreement shall require the provider to give written notice to the Trustee of any change in its long-term debt rating; The District or its designee shall represent that it has no knowledge of any fraud involved in the repurchase transaction; The District and the Trustee shall receive the opinion of counsel (which opinion shall be addressed to the District and the Trustee and shall be in form and substance satisfactory to the District and Trustee) that such repurchase agreement complies with the terms of this section and is legal,valid,binding and enforceable upon the provider in accordance with its terms; The repurchase agreement shall provide that the Trustee may withdraw funds without penalty at any time, or from time to time, for any purpose permitted or required under this Indenture; Any repurchase agreement shall provide that a perfected security interest in such investments is created for the benefit of the Beneficial Owners under the Uniform Commercial Code of Florida, or book-entry procedures prescribed at 31 C.F.R. 306.1 et seq. or 31 C.F.R. 350.0 et seq. are created for the benefit of the Beneficial Owners; and The collateral delivered or transferred to the District, the Trustee, or a third-party acceptable to, and acting solely as agent for, the Trustee (the "Holder of the Collateral") shall be delivered and transferred in compliance with applicable state and federal laws (other than by means of entries on provider's books)free and clear of any third-party liens or claims pursuant to a custodial agreement subject to the prior written approval of the majority of the Holders and the Trustee. The custodial agreement shall provide that the Trustee must have disposition or control over the collateral of the repurchase agreement, irrespective of an event of default by the provider of such repurchase agreement. If such investments are held by a third-party,they shall be held as agent for the benefit of the Trustee as fiduciary for the Beneficial Owners and not as agent for the bank serving as Trustee in its commercial capacity or any other party and shall be segregated from securities owned generally by such third party or bank; (K) in addition to investments or the type specified in (C) of the definition of 2018 Investment Obligations, negotiable or non-negotiable certificates of deposit, savings accounts, 7 44101830,4 1611A2 deposit accounts, money market deposits or banking arrangements issued by or with any financial institution subject to state or federal regulation provided that the full principal amount is insured by the Federal Deposit Insurance Corporation ("FDIC") (including the FDIC's Savings Association Insurance Fund); and (L) other investments permitted by Florida law and directed by the Issuer. (M) Money market funds rated "Aam" or"AAm-G"by S &P, or better and if rated by Moody's rated "Aa2" or better. Under all circumstances, the Trustee shall be entitled to rely that any investment directed by an Authorized Officer of the District is permitted under the Indenture and is a legal investment for funds of the District. "2018 Reserve Account Requirement" shall mean 50% of the Maximum Annual Debt Service Requirement for the 2018 Bonds as determined from time to time. "2018 Trust Estate" shall have the meaning set forth in the recitals herein. "Uniform Method" shall mean the uniform method for the levy, collection and enforcement of the Series 2018 Assessments afforded by Sections 197.3631, 197.3632 and 197.3635,Florida Statutes,or any successor statutes thereto. ARTICLE II AUTHORIZATION,ISSUANCE AND PROVISIONS OF 2018 BONDS Section 201. Authorization of 2018 Bonds; Book-Entry Only Form. The 2018 Bonds are hereby authorized to be issued in the aggregate principal amount of $ consisting of $ principal amount of 2018A-1 Bonds and $ principal amount of 2018A-2 Bonds all for the purposes enumerated in the recitals hereto and as further described herein. The 2018 Bonds shall be substantially in the furan set forth as Exhibit A to this Third Supplemental Indenture. Each 2018A-1 Bond shall bear the designation "2018A-1R" and be numbered consecutively from 1 upwards and each 2018A-2 Bond shall bear the designation 2018A-2R and shall he numbered consecutively from 1 upward. The 2018 Bonds shall be initially issued in the form of a separate single certificated fully registered 2018 Bond for each maturity of or each Series of the 2018 Bonds. Upon initial issuance, the ownership of such 2018 Bond shall be registered in the registration books kept by the Bond Registrar in the name of Cede & Co., as Nominee of The Depository Trust Company, New York, New York("DTC"), the initial Bond Depository. Except as provided in this Section 201, all of the Outstanding 2018 Bonds shall be registered in the registration books kept by the Bond Registrar in the name of Cede&Co.,as Nominee of DTC. With respect to 2018 Bonds registered in the registration books kept by the Bond Registrar in the name of Cede & Co., as Nominee of DTC, the District, the Trustee, the Bond Registrar and the Paying Agent shall have no responsibility or obligation to any such Bond Participant or to any Beneficial Owner. Without limiting the immediately preceding sentence, 8 44101830.4 1 6 1 1 A 2 the District, the Trustee, the Bond Registrar and the Paying Agent shall have no responsibility or obligation with respect to (i)the accuracy of the records of DTC, Cede & Co. or any Bond Participant with respect to any ownership interest in the 2018 Bonds, (ii) the delivery to any Bond Participant or any other person other than an Owner, as shown in the registration books kept by the Bond Registrar, of any notice with respect to the 2018 Bonds, including any notice of redemption, or (iii) the payment to any Bond Participant or any other person, other than an Owner, as shown in the registration books kept by the Bond Registrar, of any amount with respect to principal of,premium, if any,or interest on the 2018 Bonds. The District, the Trustee, the Bond Registrar and the Paying Agent may treat and consider the person in whose name each 2018 Bond is registered in the registration books kept by the Bond Registrar as the absolute owner of such 2018 Bond for the purpose of payment of principal, premium and interest with respect to such 2018 Bond, for the purpose of giving notices of redemption and other matters with respect to such 2018 Bond, for the purpose of registering transfers with respect to such 2018 Bond, and for all other purposes whatsoever. The Paying Agent shall pay all principal of, premium, if any, and interest on the 2018 Bonds only to or upon the order of the respective Owners, as shown in the registration books kept by the Bond Registrar, or their respective attorneys duly authorized in writing, as provided herein and all such payments shall be valid and effective to fully satisfy and discharge the District's obligations with respect to payment of principal of, premium, if any, and interest on the 2018 Bonds to the extent of the sum or sums so paid. No person other than an Owner, as shown in the registration books kept by the Bond Registrar, shall receive a certificated 2018 Bond evidencing the obligation of the District to make payments of principal, premium, if any, and interest pursuant to the provisions hereof. Upon delivery by DTC to the District of written notice to the effect that DTC has determined to substitute a new Nominee in place of Cede & Co., and subject to the provisions therein with respect to Record Dates, the words "Cede & Co." in this Third Supplemental Indenture shall refer to such new Nominee of DTC; and upon receipt of such a notice the District shall promptly deliver a copy of the same to the Trustee,Bond Registrar and the Paying Agent. Upon receipt by the Trustee or the District of written notice from DTC: (i) confirming that DTC has received written notice from the District to the effect that a continuation of the requirement that all of the Outstanding 2018 Bonds be registered in the registration books kept by the Bond Registrar in the name of Cede&Co., as Nominee of DTC, is not in the best interest of the Beneficial Owners of the 2018 Bonds or(ii) to the effect that DTC is unable or unwilling to discharge its responsibilities and no substitute Bond Depository willing to undertake the functions of DTC hereunder can be found which is willing and able to undertake such functions upon reasonable and customary terms, the 2018 Bonds shall no longer be restricted to being registered in the registration books kept by the Bond Registrar in the name of Cede & Co., as nominee of DTC, but may be registered in whatever name or names Owners transferring or exchanging the 2018 Bonds shall designate,in accordance with the provisions hereof. If certificates for the 2018 Bonds are printed, no charge shall be made.to any Owner for registration and transfer of 2018 Bonds, but any Bondholder requesting any such registration or transfer shall pay any tax or other governmental charge required to be paid with respect thereto. NEITHER THE DISTRICT NOR THE TRUSTEE SHALL HAVE ANY OBLIGATION WITH RESPECT TO ANY DEPOSITORY PARTICIPANT OR BENEFICIAL OWNER OF THE 2018 BONDS DURING SUCH TIME AS THE 2018 BONDS ARE REGISTERED IN 9 44101830;4 1 6 1 1 A 2 THE NAME OF A SECURITIES DEPOSITORY PURSUANT TO A BOOK-ENTRY ONLY SYSTEM OF REGISTRATION. Section 202. Terms of 2018 Bonds. The 2018A-1 Bonds shall be issued as Serial Bonds and or Term Bonds and shall bear interest at the fixed interest rates per annum and shall mature in the amounts and on the dates set forth below: $ Serial Bonds Maturity Principal Interest (May 1) Amount Rate $ %Term Bonds Due May 1, $ %Term Bonds Due May 1, The 2018A-2 Bonds shall be issued as Serial and/or Term Bonds,shall bear interest at the fixed interest rate per annum and shall mature in the amount and on the dates set forth below: Principal Maturity Interest Amount (May 1) Rate Section 203. Dating; Interest Accrual. Each 2018 Bond shall be dated 2018. Each 2018 Bond shall also bear its date of authentication. Each 2018 Bond shall bear interest from the Interest Payment Date to which interest has been paid next preceding the date of its authentication, unless the date of its authentication: (i) is an Interest Payment Date to which interest on such 2018 Bond has been paid, in which event such 2018 Bond shall bear interest from its date of authentication; or (ii) is prior to the first Interest Payment Date for the 2018 Bonds, in which event such 2018 Bond shall bear interest from its dated date. Interest on the 2018 Bonds shall be due and payable on each May 1 and November 1, commencing November 1,2018,and shall be computed on the basis of a 360-day year of twelve 30-day months. Section 204. Denomination. The 2018 Bonds shall be issued in Authorized Denominations. 10 44101830.4 1611A2 Section 205. Paying Agent. The District appoints the Trustee as Paying Agent for the 2018 Bonds. Section 206. Bond Registrar. The District appoints the Trustee as Bond Registrar for the 2018 Bonds. Section 207. Conditions Precedent to Issuance of 2018 Bonds. In addition to complying with the requirements set forth in Section 207 of the Master Indenture in connection with the issuance of the 2018 Bonds, all the 2018 Bonds shall be executed by the District for delivery to the Trustee and thereupon shall be authenticated by the Trustee and delivered to the District or upon its order,but only upon the further receipt by the Trustee of: (a) An executed original of this Third Supplemental Indenture; (b) An opinion of counsel to the District substantially to the effect set forth in the bond purchase agreement for the 2018 Bonds and as required by the Master Indenture. (c) A certificate of an Authorized Officer to the effect that, upon the authentication and delivery of the 2018 Bonds,the District will not be in default in the performance of the terms and provisions of the Master Indenture or this Third Supplemental Indenture; (d) A fully executed copy of the Continuing Disclosure Agreement. (e) Certified copy of the 2018 Assessment Proceedings; (f) A customary Bond Counsel opinion; and (g) An Engineers'Certificate which sets forth the estimated Cost of the 2018 Project; Payment to the Trustee of the amounts set forth in Section 402 hereof shall constitute conclusive evidence upon which the Trustee may rely that the provisions of (a) through (g) above and the applicable provisions of the Master Indenture for authentication of the 2018 Bonds have been met, including in particular the opinion described in (b) above satisfies the requirements of the bond purchase agreement and the Master Indenture. Section 208. Continuing Disclosure. The District hereby covenants and agrees that it will comply with and carry out all of the provisions of the Continuing Disclosure Agreement. Notwithstanding any other provisions of the Indenture, failure of the District to comply with the Continuing Disclosure Agreement shall not be considered an Event of Default; however, the Trustee may(and, at the request of any Participating Underwriter(as defined in Rule 15c2-12 of the Securities and Exchange Commission) or the Owners of at least 25% aggregate principal amount of Outstanding 2018 Bonds, and receipt of indemnity satisfactory to the Trustee) or any such Owner may take such actions as may be necessary and appropriate, including seeking mandate or specific performance by court order, to cause the District to comply with its obligations under the Continuing Disclosure Agreement. 11 44101830.4 1 6 1 1 A 2 ARTICLE III REDEMPTION OF 2018 BONDS Section 301. 2018 Bonds Subject to Redemption and Purchase. The 2018 Bonds are subject to redemption prior to maturity as provided in the 2018 Bonds. 2018 Bonds may be purchased as provided in Section 506(b)of the Master Indenture. Notwithstanding any other provision hereof or the Master Indenture, notice of optional redemption may be conditioned upon the occurrence or non-occurrence of such event or events as shall be specified in such notice of optional redemption and may also be subject to rescission by the District if expressly set forth in such notice. ARTICLE IV DEPOSIT OF 2018 BOND PROCEEDS AND APPLICATION THEREOF; ESTABLISHMENT OF FUNDS,ACCOUNTS,AND SUBACCOUNTS AND OPERATION THEREOF Section 401. Establishment of Funds, Accounts, and Subaccounts. (a) Within the Acquisition and Construction Fund there is hereby established a 2018 Acquisition and Construction Account and a 2018 Cost of Issuance Account; (b) There are hereby established within the Debt Service Fund held by the Trustee: (i) a 2018A-1 Sinking Fund Account and a 2018A-2 Sinking Fund Account, (ii) a 2018A-1 Interest Account and a 2018A-2 Interest Account; and (iii) a 2018 Redemption Account and therein a Prepayment Subaccount. (c) There is hereby established within the Reserve Fund held by the Trustee a 2018 Reserve Account; (d) There is hereby established within the Revenue Fund held by the Trustee a 2018 Revenue Account; and (e) There shall be hereby established within the Rebate Fund to be held by the Trustee a 2018 Rebate Account. Section 402. Use of 2018 Bond Proceeds and Other Legally Available Moneys. Following the Trustee's receipt of the items set forth in Section 207 hereof the net proceeds of sale of the 2018 Bonds, Bonds (face amount of 2018 Bonds less underwriter's discount of and plus/minus net original issue premium [discount] of$ ), together with $ of legally available District funds shall be delivered to the Trustee by the District and be applied as follows: (1) $ of 2018A-1 Bond proceeds and $ of 2018A-2 Bond proceeds,shall be deposited to the 2018 Reserve Account; 12 44101830;4 161 1A2 (2) $ of 2018A-1 Bond proceeds and$ of the 2018A-2 Bond proceeds shall be deposited to the credit of the 2018 Costs of Issuance Account; (3) $ of the proceeds of the 2018A-1 Bonds, together with $ previously held in the Series 2014 Reserve Account for the Refunded Bonds, and $ held in the Series 2014 Revenue Account for the Refunded Bonds shall be applied on the date of delivery of the 2018 Bonds to the retirement of all of the Refunded Bonds; and $ of proceeds of the 2018A-2 Bonds shall he applied on the date of delivery of the 2018 Bonds to the retirement of the 2015 Loan Agreement; and (4) $ of the proceeds of the 2018A-2 Bonds shall be deposited to the 2018 Acquisition and Construction Account. Any amounts held under the funds and accounts for the Refunded Bonds not applied as provided above and not applied in accordance with a written direction of the District to the Trustee dated the date of issuance of the 2018 Bonds on which the Trustee may conclusively rely, shall be deposited to the 2018 Revenue Account and applied as provided in Section 408 hereof. Section 403. 2018 Acquisition and Construction Account. (a) Amounts on deposit in the 2018 Acquisition and Construction shall be applied to pay the Costs of the 2018 Project under compliance with the requirements of the requisition provisions set forth in Section 503(b)of the Master Indenture. (b) Any balance remaining of the 2018 Acquisition and Construction Account after the Date of Completion and after retaining the amount, if any, of all remaining unpaid Costs of the 2018 Project set forth in the Engineers' Certificate establishing such Date of Completion, shall he transferred to and deposited in the Prepayment Subaccount in the 2018 Redemption Account and applied to the extraordinary mandatory redemption of the 2018A-2 Bonds in the manner prescribed in the form of Series 2018A-2 Bond set forth as Exhibit A hereto. Section 404. 2018 Costs of Issuance Account. Amounts on deposit in the 2018 Costs of Issuance Account shall, at the written direction of an Authorized Officer to the Trustee, be used to pay the costs of issuance relating to the 2018 Bonds. Amounts on deposit in the 2018 Costs of Issuance Account one hundred and twenty (120) days from the date of initial delivery of the 2018 Bonds, which are not subject to a pending requisition shall be deposited to the 2018 Revenue Account. Section 405. 2018 Reserve Account. Amounts on deposit in the 2018 Reserve Account, except as provided elsewhere in this section shall be used only for the purpose of making payments into the 2018A-1 Interest Account, the 2018A-2 Interest Account, the 2018A-1 Sinking Fund Account and the 2018A-2 Sinking Fund Account to pay the 2018 Bonds, without distinction as to 2018 Bonds and without privilege or priority of one 2018 Bond over another, when due when the moneys on deposit in such Accounts and available therefor are insufficient. Such Account shall consist only of the cash and 2018 Investment Obligations. 13 44101830;4 161 1A2 The Trustee, on or before the forty-fifth day(or if such day is not a Business Day, on the Business Day next preceding such day) next preceding each Interest Payment Date, after taking into account all payments and transfers made as of such date, shall compute the value of the 2018 Reserve Account and shall promptly notify the District of the amount of any deficiency or surplus as of such date in such account. The District shall immediately pay the amount of any deficiency to the Trustee, for deposit into such account as provided in this section. The Trustee as soon as practical after such computation shall transfer any surplus (including any surplus resulting from investment earnings) into the Prepayment Subaccount of the 2018 Redemption Account and applied to the extraordinary mandatory redemption of the 2018 Bonds as provided therein. On the earliest date on which there is on deposit in the 2018 Reserve Account sufficient amounts, and, taking into account other monies available therefor, to pay and redeem all of the Outstanding 2018 Bonds, together with accrued interest and redemption premium, if any, on such 2018 Bonds to the earliest date of redemption permitted therein and herein,then the Trustee shall transfer the amount on deposit in the 2018 Reserve Account into the Prepayment Subaccount to pay and redeem all of the Outstanding 2018 Bonds on the earliest date permitted for redemption therein and herein. Section 406. Application of Prepayment Principal. All Series 2018 Prepayment Principal shall upon receipt by the Trustee be deposited to the Prepayment Subaccount of the 2018 Redemption Account. At the time the District deposits Series 2018 Prepayment Principal with the Trustee it shall notify the Trustee in writing as to the amount of such Prepayment Principal. Amounts on deposit in the Prepayment Subaccount shall be applied to the extraordinary mandatory redemption of the 2018 Bonds as provided therein. Section 407. Tax Covenants and Rebate Accounts. The District shall comply with the Tax Regulatory Covenants (including deposits to and payments from the 2018 Rebate Account) included as part of the closing transcript for the 2018 Bonds, as amended and supplemented from time to time in accordance with their terms. Notwithstanding anything to the contrary contained in the Master Indenture, the District covenants with the holders of the 2018 Bonds that it shall comply with the requirements of the Internal Revenue Code of 1986, as amended (the "Code") necessary to maintain the exclusion of interest on the 2018 Bonds from gross income for purposes of federal income taxation, including the payment of any amount required to be rebated to the U.S. Treasury pursuant to the Code, and, in particular, that it shall not make or direct the making of any investment or other use of proceeds of such 2018 Bonds(or amounts deemed to be proceeds under the Code) in any manner which would cause the interest on such 2018 Bonds to be or become subject to federal income taxation, nor shall it fail to do any act which is necessary to prevent such interest from becoming subject to federal income taxation. The District further covenants that neither the District nor any other person under its control or direction will make any investment or other use of the proceeds of the 2018 Bonds (or amounts deemed to be proceeds under the Code) in any manner which would cause the 2018 Bonds to be "private activity bonds" as that term is defined in Section 141 of the Code(or any successor provision thereto), or "arbitrage bonds" as that term is defined in Section 148 of the Code (or any successor provision thereto) and that it will comply with such sections of the Code throughout the term of the 2018 Bonds. 14 441011330;4 161 1AL Section 408. Establishment of 2018 Revenue Account in Revenue Fund; Application of Revenues and Investment Earnings. (a) The Trustee shall, except as provided in Section 406 above or otherwise provided herein, deposit the 2018 Pledged Revenues to the 2018 Revenue Account and any other amounts or payments specifically designated by the District pursuant to a written direction or by a Supplemental Indenture for said purpose. The 2018 Revenue Account shall be held by the Trustee separate and apart from all other Funds and Accounts held under the Indenture and from all other moneys of the Trustee. (b) On or before the forty-fifth day (or if such day is not a Business Day, on the Business Day next preceding such day) next preceding each Interest Payment Date, the Trustee shall determine the amount on deposit in the Prepayment Subaccount of the 2018 Redemption Account, and,if the balance therein is greater than zero, shall transfer,but only after determining that following such transfer sufficient moneys will remain in the 2018 Revenue Account to meet the obligations in (c) below on the immediately following May 1 or November 1, as applicable, from the 2018 Revenue Account, for deposit into the Prepayment Subaccount, an amount sufficient to increase the amount on deposit therein to the next integral multiple of$5,000, and, shall thereupon give notice and cause the extraordinary mandatory redemption of 2018 Bonds on the next succeeding Interest Payment Date in the maximum aggregate principal amount for which moneys are then on deposit in such Prepayment Subaccount in accordance with the provisions for extraordinary redemption of 2018 Bonds as set forth therein. (c) At least five (5) Business Days prior to each May 1 and November 1 (or if such May 1 or November 1 is not a Business Day, on the Business Day preceding such date), the Trustee shall transfer from amounts on deposit in the 2018 Revenue Account to the Funds and Accounts designated below, the following amounts in the following order of priority (payments into the 2018A-1 Interest Account and 2018A-2 Interest Account shall be on parity and payments to the 2018A-1 Sinking Fund Account and the 2018A-2 Sinking Fund Account shall be on parity) and apply such amounts as provided below: FIRST, to the 2018A-1 Interest Account and the 2018A-2 Interest Account of the Debt Service Fund, an amount equal to the amount of interest payable on all 2018 Bonds then Outstanding on such May 1 or November 1, less any amount already on deposit in the 2018 Interest Account not previously credited; SECOND, on each May 1 beginning May 1, 2019 to the 2018A-1 Sinking Fund Account and the 2018A-2 Sinking Fund Account an amount equal to the principal amount of 2018A-1 Serial Bonds maturing on such May 1 or an amount equal to the Amortization Installments of 2018 Term Bonds due on such May 1, less any amount already on deposit in such Sinking Fund Account not previously credited; THIRD,to the 2018 Reserve Account,the amount, if any, which is necessary to make the amount on deposit therein equal to the 2018 Reserve Account Requirement;and FOURTH, the balance shall be retained in the 2018 Revenue Account. 15 44101830;4 1 6 1 1 A 2 If these are not sufficient amounts on deposit in the 2018 Revenue Account to make all of the transfers required by First and/or Second above available amounts shall be applied on a pro rata basis based on the amounts scheduled to be deposited to the accounts for which there are insufficient funds to pay the scheduled amounts. (d) On any date required by the Tax Regulatory Covenants, the District shall give the Trustee written direction, and the Trustee shall, transfer from the 2018 Revenue Account to the 2018 Rebate Account established for the 2018 Bonds in the Rebate Fund in accordance with the direction of the District, the amount due and owing to the United States, which amount shall be paid, to the United States, when due, in accordance with such direction of the District. In giving such directions the District shall do so in accordance with the Tax Regulatory Covenants. To the extent insufficient moneys are on deposit in the 2018 Revenue Account to make the transfer provided for in the immediately preceding sentence the District shall deposit with the Trustee from available moneys of the District the amount of any such insufficiency. (e) Anything herein or in the Master Indenture to the contrary notwithstanding, amounts in all of the Funds and Accounts held as security for the 2018 Bonds shall be invested only in 2018 Investment Obligations, and earnings on investments in the 2018 Costs of Issuance Account, 2018 Interest Accounts, the 2018 Sinking Fund Accounts, the 2018 Revenue Account and the Prepayment Subaccount shall be deposited, as realized,to the credit of the 2018 Revenue Account and used for the purpose of such Account. Earnings on investments in the 2018 Reserve Account(to the extent there is a surplus in such 2018 Reserve Account) shall be applied as provided in the second paragraph of Sections 405 hereof and otherwise shall remain on deposit in the 2018 Reserve Account. ARTICLE V CONCERNING THE TRUSTEE Section 501. Acceptance by Trustee. The Trustee accepts the trusts declared and provided in this Third Supplemental Indenture and agrees to perform such trusts upon the terms and conditions set forth in the Master Indenture. Section 502. Limitation of Trustee's Responsibility. The Trustee shall not be responsible in any manner for the due execution of this Third Supplemental Indenture by the District or for the recitals contained herein, all of which are made solely by the District. Section 503. Trustee's Duties. Nothing contained herein shall limit the rights, benefits, privileges, protection and entitlements inuring to the Trustcc under the Master Indenture, including, particularly, Article VI thereof, all of which shall apply to the actions of the Trustee under this Third Supplemental Indenture. ARTICLE VI MISCELLANEOUS Section 601. Confirmation of Master Indenture. As supplemented by this Third Supplemental Indenture, the Master Indenture is in all respect ratified and confirmed, and this 16 44101830;4 1611A2 Third Supplemental Indenture shall be read, taken and construed as a part of the Master Indenture so that all of the rights, remedies, terms, conditions, covenants and agreements of the Master Indenture, except insofar as modified herein, shall apply and remain in full force and effect with respect to this Third Supplemental Indenture and to the 2018 Bonds issued hereunder. To the extent of any conflicts between the terms and provisions of the Master Indenture and this Third Supplemental Indenture the terms and provisions hereof shall control. Section 602. Collection of Series 2018 Assessments. The Series 2018 Assessments shall be collected by the District through the Uniform Method. Such covenant does not preclude the District from using any other available method provided the Insurer consents. Section 603. Parity Bonds. Other than Refunding Bonds, the District covenants and agrees that so long as there are any 2018 Bonds Outstanding, it shall not cause or permit to be caused any other lien,charge or claim against the 2018 Trust Estate. Section 604. Brokerage Confirmations. The District acknowledges that to the extent the regulations of the Comptroller of the Currency or other applicable regulatory entity grant the District the right to receive individual confirmations of security transactions at no additional cost, as they occur, the District specifically waives receipt of such confirmations to the extent permitted by law. The Trustee will furnish the District periodic cash transaction statements that include detail for all investment transactions made by the Trustee hereunder. Section 605. Payment Dates. In any case in which an Interest Payment Date or the maturity date of the 2018 Bonds or the date fixed for the redemption of any 2018 Bonds shall be other than a Business Day, then payment of interest, principal or Redemption Price need not be made on such date but may be made on the next succeeding Business Day, with the same force and effect as if made on the due date, and no interest on such payment shall accrue for the period after such due date if payment is made on such next succeeding Business Day. Section 606. Patriot Act Requirement of Trustee. To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identified each person who opens an account. For a non-individual person such as business entity, a charity, a trust, or other legal entity, the Trustee will ask for documentation to verify such non-individual person's formation and existence as a legal entity. The Trustee may also ask to see financial statements, licenses, identification and authorization documents from individuals claiming authority to represent the entity or other relevant documentation. 17 44101830;4 1611A2 IN WITNESS WHEREOF, Heritage Bay Community Development District has caused these presents to be signed in its name and on its behalf by its Chairman, and its official seal to be hereunto affixed and attested by its Secretary, thereunto duly authorized, and to evidence its acceptance of the trusts hereby created, the Trustee has caused these presents to be signed in its name and on its behalf by its duly authorized officer. HERITAGE BAY COMMUNITY DEVELOPMENT DISTRICT [SEAL] By: Chairman, Board of Supervisors ATTEST: By: Secretary 18 44101830;4 1611A2 U.S.BANK NATIONAL ASSOCIATION, as Trustee By: Vice President 19 44101830;4 1611A2 EXHIBIT "A" Form of the 2018 Bonds See Attached 44101830;4 16I 1 A 2 No. 2018A-1R $ United States of America State of Florida HERITAGE BAY COMMUNITY DEVELOPMENT DISTRICT CAPITAL IMPROVEMENT REVENUE REFUNDING BOND, SERIES 2018A-1 Interest Maturity Dated Rate Date Date CUSIP May 1, Registered Owner: CEDE&CO. Principal Amount: MILLION HUNDRED THOUSAND AND NO/100 DOLLARS HERITAGE BAY COMMUNITY DEVELOPMENT DISTRICT, a community development district duly created and existing pursuant to Chapter 190, Florida Statutes (the "District"), for value received, hereby promises to pay (but only out of the sources hereinafter mentioned) to the Registered Owner set forth above, or registered assigns, on the maturity date shown hereon, unless this 2018A-1 Bond shall have been called for redemption in whole or in part and payment of the Redemption Price (as defined in the Indenture mentioned hereinafter) shall have been duly made or provided for, the principal amount shown above and to pay (but only out of the sources hereinafter mentioned) interest on the outstanding principal amount hereof from the most recent Interest Payment Date to which interest has been paid or provided for, or if no interest has been paid, from the Dated Date shown above,on May 1 and November 1 of each year(each, an Interest Payment Date), commencing on November 1,2018,until payment of said principal sum has been made or provided for, at the rate per annum set forth above. Notwithstanding the foregoing, if any Interest Payment Date is not a Business Day (as defined in the Indenture hereinafter mentioned), then all amounts due on such Interest Payment Date shall be payable on the first Business Day succeeding such Interest Payment Date,hut shall be deemed paid on such Interest Payment Date. The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in the Indenture (as hereinafter defined), be paid to the Registered Owner hereof at the close of business on the regular record date for such interest, which shall be the fifteenth (15th) day of the calendar month next preceding such Interest Payment Date; provided, however, that on or after the occurrence and continuance of an Event of Default under clause (a) of Section 902 of the Master Indenture (hereinafter defined),the payment of interest and principal or Redemption Price shall be made by the Paying Agent (hereinafter defined) to such person, who, on a special record date which is fixed by the Trustee, which shall be not more than fifteen (15) and not less than ten (10) days prior to the date of such proposed payment, appears on the registration books of the Bond Registrar as the Registered Owner of this 2018A-1 Bond. Any payment of principal, or Redemption Price shall be made in accordance with DTC practices as long as this 2018A-1 Bond is held in book entry form. Payment of interest shall be made by check or draft or by wire transfer to the Registered Owner set forth above if such owner requests payment by wire transfer in writing on or prior to the regular record date for the respective interest payment to such account as shall be specified in such request, but only if the Registered Owner set forth above A-1 44101830;4 1 6 1 1 A 2 owns not less than$1,000,000 in aggregate principal amount of the 2018A-1 Bonds or all of the then Outstanding 2018A-1 Bonds, as defined below. Interest on this 2018A-1 Bond will be computed on the basis of a 360-day year of twelve 30-day months. This 2018A-1 Bond is one of a duly authorized issue of bonds of the District designated Capital Improvement Revenue Refunding Bonds, Series 2018A-1 (the "2018A-1 Bonds") issuable under and governed by the terms of a Master Trust Indenture, dated as of November 1, 2005 (the "Master Indenture"), between the District and U.S. Bank National Association as successor to Wachovia Bank, National Association, as Trustee (the "Trustee"), as supplemented by a Third Supplemental Trust Indenture, dated as of April 1, 2018 (the "Supplemental Indenture"), between the District and the Trustee (the Master Indenture as supplemented by the Supplemental Indenture is hereafter referred to as the "Indenture"). The 2018A-1 Bonds are issued in an aggregate principal amount of$ , for the purposes of, together with the Districts Capital Improvement Revenue Bonds, Series 2018A-2 (the "2018A-2 Bonds" collectively with the 2018A-1 Bonds, the "2018 Bonds") and other legally available monies of the District; (i) refunding all of the District's Outstanding Capital Improvement Revenue Refunding Bonds, Series 2014; (ii) retiring all of the District's obligations under that certain Loan Agreement dated September 10, 2015 between the District and Valley National Bank; (iii) paying certain costs associated with the issuance of the 2018 Bonds; (iv) making a deposit into the 2018 Reserve Account and(v)paying Costs of the 2018 Project. NEITHER THIS 2018A-1 BOND NOR THE INTEREST AND PREMIUM, IF ANY, PAYABLE HEREON SHALL CONSTITUTE A GENERAL OBLIGATION OR GENERAL INDEBTEDNESS OF THE DISTRICT WITHIN THE MEANING OF THE CONSTITUTION AND LAWS OF FLORIDA. THIS 2018A-1 BOND AND THE INTEREST AND PREMIUM, IF ANY, PAYABLE HEREON DO NOT CONSTITUTE EITHER A PLEDGE OF THE FULL FAITH AND CREDIT OF THE DISTRICT OR A LIEN UPON ANY PROPERTY OF THE DISTRICT OTHER THAN AS PROVIDED IN THE INDENTURE. NO OWNER OR ANY OTHER PERSON SHALL EVER HAVE THE RIGHT TO COMPEL THE EXERCISE OF ANY AD VALOREM TAXING POWER OF THE DISTRICT OR ANY OTHER PUBLIC AUTHORITY OR GOVERNMENTAL BODY TO PAY DEBT SERVICE OR TO PAY ANY OTHER AMOUNTS REQUIRED TO BE PAID PURSUANT TO THE INDENTURE, OR THE 2018 BONDS. DEBT SERVICE AND ANY OTHER AMOUNTS REQUIRED TO BE PAID PURSUANT TO THE INDENTURE, OR THE 2018 BONDS, SHALL BE PAYABLE SOLELY FROM, AND SHALL BE SECURED SOLELY BY, THE 2018 TRUST ES'T'ATE, ALL AS PROVIDED HEREIN AND IN THE INDENTURE. All acts, conditions and things required by the Constitution and laws of the State of Florida, the Indenture and the resolutions of the District to happen, exist and be performed precedent to the issuance of this 2018A-1 Bond and the execution of the Indenture, have happened, exist and have been performed as so required. This 2018A-1 Bond shall not be valid or become obligatory for any purpose or be entitled to any benefit or security under the Indenture until it shall have been authenticated by the execution by the Registrar of the Certificate of Authentication endorsed hereon. IN WITNESS WHEREOF, Heritage Bay Community Development District has caused this 2018A-1 Bond to hear the signature of the Chairman of its Board of Supervisors and the A-2 44101830;4 iso 1A2 official seal of the District to be impressed or imprinted hereon and attested by the signature of the Secretary to the Board of Supervisors. HERITAGE BAY COMMUNITY DEVELOPMENT DISTRICT (SEAL) By: Chairman,Board of Supervisors ATTEST: By: Assistant Secretary A-3 44101830;4 1 6 1 1 A CERTIFICATE OF AUTHENTICATION This 2018A-1 Bond is one of the Bonds of the Series designated herein, described in the within-mentioned Indenture. U.S.BANK NATIONAL ASSOCIATION, as Registrar By: Vice President Date of Authentication: A-4 44101830;4 1 6 1 1 A 2 This 2018A-1 Bond is issued under and pursuant to the Constitution and laws of the State of Florida, particularly Chapter 190, Florida Statutes, as amended, and other applicable provisions of law and pursuant to the Indenture, executed counterparts of which Indenture are on file at the designated office of the Trustee. Reference is hereby made to the Indenture for the provisions, among others, with respect to the custody and application of the proceeds of 2018 Bonds, the collection and disposition of revenues and the funds charged with and pledged to the payment of the principal, and Redemption Price of, and the interest on, the 2018 Bonds, the nature and extent of the security thereby created, the covenants of the District with respect to the levy and collection of Series 2018 Assessments (as defined in the Indenture), the terms and conditions under which the 2018 Bonds are or may be issued, the rights, duties, obligations and immunities of the District and the Trustee under the Indenture and the rights of the Registered Owners of the 2018 Bonds, and, by the acceptance of this 2018A-1 Bond, the Registered and Beneficial Owners assent to all of the provisions of the Indenture. Terms not otherwise defined herein shall have the meaning ascribed to them in the Indenture. The 2018 Bonds are equally and ratably secured by the 2018 Trust Estate, without preference or priority of one 2018 Bond over another, except as otherwise provided in the Supplemental Indenture. The 2018A-1 Bonds are issuable only as registered bonds without coupons in current interest form in denominations of S5,000 or any integral multiple thereof (an "Authorized Denomination"). This 2018A-1 Bond is transferable by the Registered Owner hereof or his duly authorized attorney at the designated corporate trust office of the Trustee in Orlando, Florida as Bond Registrar(the "Bond Registrar"), upon surrender of this 2018A-1 Bond, accompanied by a duly executed instrument of transfer in form and with guaranty of signature reasonably satisfactory to the Bond Registrar, subject to such reasonable regulations as the District or the Bond Registrar may prescribe, and upon payment of any taxes or other governmental charges incident to such transfer. Upon any such transfer a new 2018 Bond or 2018 Bonds, in the same aggregate principal amount as the 2018 Bond or 2018 Bonds transferred, will be issued to the transferee. At the corporate trust office of the Bond Registrar in Orlando, Florida, in the manner and subject to the limitations and conditions provided in the Indenture and without cost, except for any tax or other governmental charge, 2018 Bonds may be exchanged for an equal aggregate principal amount of 2018 Bonds of the same maturity, in Authorized Denominations and bearing interest at the same rate or rates. The District has established a book-entry system of registration for the 2018 Bonds. By acceptance of a confirmation of purchase, delivery or transfer, the Beneficial Owner of this 2018A-1 Bond shall be deemed to have agreed to such arrangement. Optional Redemption The 2018A-1 Bonds are subject to redemption at the option of the District prior to maturity, in whole or in part at any time on or after May 1, at the Redemption Price of 100% of the principal amount of the 2018A-1 Bonds to be redeemed together with accrued interest to the redemption date. A-5 44101830;4 1611A2 Mandatory Redemption The 2018A-1 Bonds maturing on May 1, are subject to mandatory redemption in part by the District by lot prior to its scheduled maturity from moneys in the 2018A-1 Sinking Fund Account established under the Supplemental Indenture in satisfaction of applicable Amortization Installments at a Redemption Price of 100% of the principal amount thereof, without premium,plus accrued interest to the Redemption Date,on May 1 of the years and in the principal amounts set forth below. Year Principal Amount *Maturity The 2018A-1 Bonds maturing on May 1, are subject to mandatory redemption in part by the District by lot prior to its scheduled maturity from moneys in the 2018A-1 Sinking Fund Account established under the Supplemental Indenture in satisfaction of applicable Amortization Installments at a Redemption Price of one hundred percent(100%) of the principal amount thereof,without premium,plus accrued interest to the Redemption Date, on May 1 of the years and in the principal amounts set forth below. Year Principal Amount *Maturity Upon redemption or purchase of a 2018A-1 Bond (other than redemption in accordance with scheduled Amortization Installments), the District shall cause to be recalculated and delivered to the Trustee a revised schedule of Amortization Installments, provided by the District, recalculated so that Debt Service on the 2018 Bonds is amortized in substantially equal annual installments of principal and interest (subject to rounding to Authorized Denominations of principal) over the remaining term of the 2018 Bonds. The annual principal amounts so determined are hereinafter referred to as the "Aggregate Amortization Installments." The Amortization Installments as so recalculated shall not result in an increase in the principal or Aggregate Amortization Installments in any one year. Extraordinary Mandatory Redemption The 2018A-1 Bonds are subject to extraordinary mandatory redemption prior to scheduled maturity, in whole on any date or in part on any Interest Payment Date, and if in part • A-6 44101830.4 1611A by lot in the manner determined by the Bond Registrar and as otherwise provided in the Indenture, at the Redemption Price of 100% of the principal amount thereof, without premium, plus accrued interest to the redemption date, if and to the extent that moneys are transferred to the Prepayment Subaccount of the 2018 Redemption Account following the Prepayment of Series 2018 Assessments and when the amount on deposit in the 2018 Reserve Account,together with other moneys available therefor are sufficient to pay and redeem all the 2018 Bonds then Outstanding as provided in the Supplemental Indenture. The 2018A-1 Bonds are subject to redemption from amounts deposited into the Prepayment Subaccount on a pro rata basis with such redemption of 2018A-2 Bonds determined by the ratio of the principal amount of 2018A-1 Bonds and 2018A-2 Bonds Outstanding divided by the aggregate principal amount of all 2018 Bonds Outstanding and within each Series of 2018 Bonds on pro rata basis calculated by the District determined by the ratio of the Outstanding principal amount of each maturity of such Series of 2018 Bonds treating for such purposes each Amortization Installment as a maturity divided by the aggregate principal amount Outstanding of such Series of 2018 Bonds. Except as otherwise provided in the Indenture, if less than all of the 2018 Bonds subject to redemption shall be called for redemption, the particular such 2018 Bonds or portions of such 2018 Bonds to be redeemed shall be selected by lot by the Registrar as provided in the Indenture. Notice of each redemption of 2018 Bonds is required to be mailed by the Bond Registrar, postage prepaid, not less than thirty (30) nor more than forty-five (45) days prior to the redemption date to each Registered Owner of 2018 Bonds to be redeemed at the address of such Registered Owner recorded on the bond register maintained by the Bond Registrar. On the date designated for redemption, notice having been given and money for the payment of the Redemption Price being held by the Paying Agent, all as provided in the Indenture, the 2018 Bonds or such portions thereof so called for redemption shall become and be due and payable at the Redemption Price provided for the redemption of such 2018 Bonds or such portions thereof on such date, interest on such 2018 Bonds or such portions thereof so called for redemption shall cease to accrue, such 2018 Bonds or such portions thereof so called for redemption shall cease to be entitled to any benefit or security under the Indenture and the Owners thereof shall have no rights in respect of such 2018 Bonds or such portions thereof so called for redemption except to receive payments of the Redemption Price thereof so held by the Paying Agent. Further notice of redemption shall be given by the Bond Registrar to certain registered securities depositories and information services as set forth in the Indenture,but no defect in said further notice nor any failure to give all or any portion of such further notice shall in any manner defeat the effectiveness of a call for redemption if notice thereof is given as above prescribed. The Owner of this 2018A-1 Bond shall have no right to enforce the provisions of the Indenture or to institute action to enforce the covenants therein, or to take any action with respect to any Event of Default under the Indenture, or to institute, appear in or defend any suit or other proceeding with respect thereto,except as provided in the Indenture. In certain events, on the conditions, in the manner and with the effect set forth in the Indenture,the principal of all the 2018 Bonds then Outstanding under the Indenture may become A-7 44101830;4 1611A2 and may be declared due and payable before the state maturity thereof, with the interest accrued thereon. Modifications of alterations of the Indenture or of any indenture supplemental thereto may be made only to the extent and in the circumstances permitted by the Indenture. Any moneys held by the Trustee or Paying Agent in trust for the payment and discharge of any 2018 Bond which remain unclaimed for two(2)years after the date when such 2018 Bond has become due and payable, either at its stated maturity date or by call for earlier redemption,if such moneys were held by the Trustee or any Paying Agent at such date, or for two (2) years after the date of deposit of such moneys if deposited with the Trustee or Paying Agent after the date when such 2018 Bond became due and payable, shall be paid to the District, and thereupon and thereafter no claimant shall have any rights against the Trustee or Paying Agent to or in respect of such moneys. If the District deposits or causes to be deposited with the Trustee funds or Federal Securities(as defined in the Indenture) sufficient to pay the principal or Redemption Price of any 2018 Bonds becoming due at maturity or by call for redemption in the manner set forthin the Indenture, together with the interest accrued to the due date, the lien of such 2018 Bonds as to the 2018 Trust Estate shall be discharged, except for the rights of the Owners thereof with respect to the funds so deposited as provided in the Indenture. This 2018A-1 Bond shall have all the qualities and incidents, including negotiability, of investment securities within the meaning and for all the purposes of the Uniform Commercial Code of the State of Florida, however, the 2018 Bonds may only be transferred as provided in the Indenture. This 2018A-I Bond is issued with the intent that the laws of the State of Florida shall govern its construction. A-8 44101830;4 1611A � [FORM OF ABBREVIATIONS FOR 2018A-1 BONDS] The following abbreviations, when used in the inscription on the face of the within 2018A-1 Bond, shall be construed as though they were written out in full according to applicable laws or regulations. TEN COM as tenants in common TEN ENT as tenant by the entireties JT TEN as joint tenants with the right of survivorship and not as tenants in common UNIFORM TRANS MIN ACT- Custodian under Uniform Transfers to Minors Act (State) Additional abbreviations may also be used though not in the above list. For value received, the undersigned hereby sells, assigns and transfers unto the within 2018A-1 Bond and all rights thereunder, and hereby irrevocably constitutes and appoints attorney to transfer the said 2018A-1 Bond on the books of the District, with full power of substitution in the premises. Date: Social Security Number of Employer Identification Number of Transferee: Signature guaranteed: NOTICE: The assignor's signature to this Assignment must correspond with the name as it appears on the face of the within 2018 Bond in every particular without alteration or any change whatever. By: Authorized Signatory A-9 44101830;4 1 6 1 1 A 2 No. 2018A-2R $ United States of America State of Florida HERITAGE BAY COMMUNITY DEVELOPMENT DISTRICT CAPITAL IMPROVEMENT REVENUE BOND, SERIES 2018A-2 Interest Maturity Dated Rate Date Date CUSIP 0/ May 1, — • Registered Owner: CEDE&CO. HUNDRED Principal Amount: MILLION THOUSAND AND NO/100 DOLLARS HERITAGE BAY COMMUNITY DEVELOPMENT DISTRICT, a community development district duly created and existing pursuant to Chapter 190, Florida Statutes (the "District"), for value received, hereby promises to pay (but only out of the sources hereinafter mentioned) to the Registered Owner set forth above, or registered assigns, on the maturity date shown hereon, unless this 2018A-2 Bond shall have been called for redemption in whole or in part and payment of the Redemption Price (as defined in the Indenture mentioned hereinafter) shall have been duly made or provided for, the principal amount shown above and to pay (but only out of the sources hereinafter mentioned) interest on the outstanding principal amount hereof from the most recent Interest Payment Date to which interest has been paid or provided for,or if no interest has been paid,from the Dated Date shown above,on May 1 and November 1 of each year(each, an Interest Payment Date), commencing on November 1,2018, until payment of said principal sum has been made or provided for, at the rate per annum set forth above. Notwithstanding the foregoing, if any Interest Payment Date is not a Business Day(as defined in the Indenture hereinafter mentioned), then all amounts due on such Interest Payment Date shall be payable on the first Business Day succeeding such Interest Payment Date,but shall be deemed paid on such Interest Payment Date. The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in the Indenture (as hereinafter defined), be paid to the Registered Owner hereof at the close of business on the regular record date for such interest, which shall be the fifteenth (15th) day of the calendar month next preceding such Interest Payment Date; provided, however, that on or after the occurrence and continuance of an Event of Default under clause (a) of Section 902 of the Master Indenture (hereinafter defined),the payment of interest and principal or Redemption Price shall be made by the Paying Agent (hereinafter defined) to such person, who, on a special record date which is fixed by the Trustee, which shall be not more than fifteen (15) and not less than ten (10) days prior to the date of such proposed payment, appears on the registration books of the Bond Registrar as the Registered Owner of this 2018A-2 Bond. Any payment of principal, or Redemption Price shall be made in accordance with DTC practices as long as this 2018A-2 Bond is held in book entry form. Payment of interest shall be made by check or draft or by wire transfer to the Registered Owner set forth above if such owner requests payment by wire transfer in writing on or prior to the regular record date for the respective interest payment to such account as shall be specified in such request, but only if the Registered Owner set forth above A-10 44101830;4 1611A2 owns not less than$1,000,000 in aggregate principal amount of the 2018A-2 Bonds or all of the then Outstanding 2018A-2 Bonds, as defined below. Interest on this 2018A-2 Bond will be computed on the basis of a 360-day year of twelve 30-day months. This 2018A-2 Bond is one of a duly authorized issue of bonds of the District designated Capital Improvement Revenue Refunding Bonds, Series 2018A-2 (the "2018A-2 Bonds") issuable under and governed by the terms of a Master Trust Indenture, dated as of November 1, 2005 (the "Master Indenture"), between the District and U.S. Bank National Association as successor to Wachovia Bank, National Association, as Trustee (the "Trustee"), as supplemented by a Third Supplemental Trust Indenture, dated as of April 1, 2018 (the "Supplemental Indenture"), between the District and the Trustee (the Master Indenture as supplemented by the Supplemental Indenture is hereafter referred to as the "Indenture"). The 2018A-2 Bonds are issued in an aggregate principal amount of$ , for the purposes of, together with the Districts Capital Improvement Revenue Refunding Bonds, Series 2018A-1 (the "2018A-1 Bonds" collectively with the 2018A-2 Bonds, the "2018 Bonds") and other legally available monies of the District; (i) refunding all of the District's Outstanding Capital Improvement Revenue Refunding Bonds, Series 2014; (ii) retiring all of the District's obligations under that certain Loan Agreement dated September 10, 2015 between the District and Valley National Bank; (iii) paying certain costs associated with the issuance of the 2018 Bonds; (iv) making a deposit into the 2018 Reserve Account and(v)paying Costs of the 2018 Project. NEITHER THIS 2018A-2 BOND NOR THE INTEREST AND PREMIUM, IF ANY, PAYABLE HEREON SHALL CONSTITUTE A GENERAL OBLIGATION OR GENERAL INDEBTEDNESS OF THE DISTRICT WITHIN THE MEANING OF THE CONSTITUTION AND LAWS OF FLORIDA. THIS 2018A-2 BOND AND THE INTEREST AND PREMIUM, IF ANY, PAYABLE HEREON DO NOT CONSTITUTE EITHER A PLEDGE OF THE FULL FAITH AND CREDIT OF THE DISTRICT OR A LIEN UPON ANY PROPERTY OF THE DISTRICT OTHER THAN AS PROVIDED IN THE INDENTURE. NO OWNER OR ANY OTHER PERSON SHALL EVER HAVE THE RIGHT TO COMPEL THE EXERCISE OF ANY AD VALOREM TAXING POWER OF THE DISTRICT OR ANY OTHER PUBLIC AUTHORITY OR GOVERNMENTAL BODY TO PAY DEBT SERVICE OR TO PAY ANY OTHER AMOUNTS REQUIRED TO BE PAID PURSUANT TO THE INDENTURE, OR THE 2018 BONDS. DEBT SERVICE AND ANY OTHER AMOUNTS REQUIRED TO BE PAID PURSUANT TO THE INDENTURE, OR THE 2018 BONDS, SHALL BE PAYABLE SOLELY FROM, AND SHALL BE SECURED SOLELY BY, THE 2018 TRUST ESTATE, ALL AS PROVIDED HEREIN AND IN THE INDENTURE. All acts, conditions and things required by the Constitution and laws of the State of Florida, the Indenture and the resolutions of the District to happen, exist and be performed precedent to the issuance of this 2018A-2 Bond and the execution of the Indenture, have happened, exist and have been performed as so required. This 2018A-2 Bond shall not be valid or become obligatory for any purpose or be entitled to any benefit or security under the Indenture until it shall have been authenticated by the execution by the Registrar of the Certificate of Authentication endorsed hereon. IN WITNESS WHEREOF, Heritage Bay Community Development District has caused this 2018A-2 Bond to bear the signature of the Chairman of its Board of Supervisors and the A-11 44101830:4 16l1A official seal of the District to be impressed or imprinted hereon and attested by the signature of an Secretary to the Board of Supervisors. HERITAGE BAY COMMUNITY DEVELOPMENT DISTRICT (SEAL) By: Chairman,Board of Supervisors ATTEST: By: Secretary A-12 44101830;4 1611A . CERTIFICATE OF AUTHENTICATION This 2018A-2 Bond is one of the Bonds of the Series designated herein, described in the within-mentioned Indenture. U.S.BANK NATIONAL ASSOCIATION, as Registrar By: Vice President Date of Authentication: A-13 44101830;4 1611A2 This 2018A-2 Bond is issued under and pursuant to the Constitution and laws of the State of Florida, particularly Chapter 190, Florida Statutes, as amended, and other applicable provisions of law and pursuant to the Indenture, executed counterparts of which Indenture are on file at the designated office of the Trustee. Reference is hereby made to the Indenture for the provisions, among others, with respect to the custody and application of the proceeds of 2018 Bonds, the collection and disposition of revenues and the funds charged with and pledged to the payment of the principal, and Redemption Price of, and the interest on, the 2018 Bonds, the nature and extent of the security thereby created,the covenants of the District with respect to the levy and collection of Series 2018 Assessments (as defined in the Indenture), the terms and conditions under which the 2018 Bonds are or may be issued, the rights, duties, obligations and immunities of the District and the Trustee under the Indenture and the rights of the Registered Owners of the 2018 Bonds, and, by the acceptance of this 2018A-2 Bond, the Registered and Beneficial Owners assent to all of the provisions of the Indenture. Terms not otherwise defined herein shall have the meaning ascribed to them in the Indenture. The 2018 Bonds are equally and ratably secured by the 2018 Trust Estate, without preference or priority of one 2018 Bond over another, except as otherwise provided in the Supplemental Indenture. The 2018A-2 Bonds are issuable only as registered bonds without coupons in current interest form in denominations of $5,000 or any integral multiple thereof (an "Authorized Denomination"). This 2018A-2 Bond is transferable by the Registered Owner hereof or his duly authorized attorney at the designated corporate trust office of the Trustee in Orlando, Florida as Bond Registrar(the "Bond Registrar"), upon surrender of this 2018A-2 Bond, accompanied by a duly executed instrument of transfer in form and with guaranty of signature reasonably satisfactory to the Bond Registrar, subject to such reasonable regulations as the District or the Bond Registrar may prescribe, and upon payment of any taxes or other governmental charges incident to such transfer. Upon any such transfer a new 2018 Bond or 2018 Bonds, in the same aggregate principal amount as the 2018 Bond or 2018 Bonds transferred, will be issued to the transferee. At the corporate trust office of the Bond Registrar in Orlando, Florida,in the manner and subject to the limitations and conditions provided in the Indenture and without cost, except for any tax or other governmental charge, 2018 Bonds may be exchanged for an equal aggregate principal amount of 2018 Bonds of the same maturity, in Authorized Denominations and bearing interest at the same rate or rates. The District has established a book-entry system of registration for the 2018 Bonds. By acceptance of a confirmation of purchase, delivery or transfer, the Beneficial Owner of this 2018A-2 Bond shall be deemed to have agreed to such arrangement. [Optional Redemption The 2018A-2 Bonds are subject to redemption at the option of the District prior to maturity, in whole or in part at any time on or after May 1, at the Redemption Price of 100% of the principal amount of the 2018A-2 Bonds to be redeemed together with accrued interest to the redemption date.] A-14 44101830:4 1611A2 Mandatory Redemption The 2018A-2 Bonds are subject to mandatory redemption in part by the District by lot prior to its scheduled maturity from moneys in the 2018A-2 Sinking Fund Account established under the Supplemental Indenture in satisfaction of applicable Amortization Installments at a Redemption Price of 100% of the principal amount thereof, without premium, plus accrued interest to the Redemption Date, on May 1 of the years and in the principal amounts set forth below. Year Principal Amount *Maturity Upon redemption or purchase of a 2018A-2 Bond (other than redemption in accordance with scheduled Amortization Installments), the District shall cause to be recalculated and delivered to the Trustee a revised schedule of Amortization Installments, provided by the District, recalculated so that Debt Service on the 2018 Bonds is amortized in substantially equal annual installments of principal and interest (subject to rounding to Authorized Denominations of principal) over the remaining term of the 2018 Bonds. The annual principal amounts so determined are hereinafter referred to as the "Aggregate Amortization Installments." The Amortization Installments as so recalculated shall not result in an increase in the principal or Aggregate Amortization Installments in any one year. Extraordinary Mandatory Redemption The 2018A-2 Bonds are subject to extraordinary mandatory redemption prior to scheduled maturity, in whole on any date or in part on any Interest Payment Date, and if in part by lot in the manner determined by the Bond Registrar and as otherwise provided in the Indenture, at the Redemption Price of 100% of the principal amount thereof, without premium, plus accrued interest to the redemption date, if and to the extent that moneys are transferred to the Prepayment Subaccount of the 2018 Redemption Account following the Prepayment of Series 2018 Assessments when the amount on deposit in the 2018 Reserve Account, together with other moneys available therefor are sufficient to pay and redeem all the 2018 Bonds then Outstanding as provided in the Supplemental Indenture and from excess amount on deposit in the 2018 Acquisition and Construction Account as provided in Section 403(b) of the Supplemental Indenture. The 2018A-2 Bonds are subject to redemption from amounts deposited into the Prepayment Subaccount on a pro rata basis with such redemption of 2018A-1 Bonds determined by the ratio of the principal amount of 2018A-2 Bonds and 2018A-1 Bonds Outstanding divided by the aggregate principal amount of all 2018 Bonds Outstanding and within each Series of 2018 Bonds on pro rata basis calculated by the District determined by the ratio of the Outstanding principal amount of each maturity of such Series of 2018 Bonds treating for such purposes each A-15 44101830;4 1611A2 Amortization Installment as a maturity divided by the aggregate principal amount Outstanding of such Series of 2018 Bonds. Except as otherwise provided in the Indenture, if less than all of the 2018 Bonds subject to redemption shall be called for redemption, the particular such 2018 Bonds or portions of such 2018 Bonds to be redeemed shall be selected by lot by the Registrar as provided in the Indenture. Notice of each redemption of 2018 Bonds is required to be mailed by the Bond Registrar, postage prepaid, not less than thirty (30) nor more than forty-five (45) days prior to the redemption date to each Registered Owner of 2018 Bonds to be redeemed at the address of such Registered Owner recorded on the bond register maintained by the Bond Registrar. On the date designated for redemption, notice having been given and money for the payment of the Redemption Price being held by the Paying Agent, all as provided in the Indenture, the 2018 Bonds or such portions thereof so called for redemption shall become and be due and payable at the Redemption Price provided for the redemption of such 2018 Bonds or such portions thereof on such date, interest on such 2018 Bonds or such portions thereof so called for redemption shall cease to accrue, such 2018 Bonds or such portions thereof so called for redemption shall cease to be entitled to any benefit or security under the Indenture and the Owners thereof shall have no rights in respect of such 2018 Bonds or such portions thereof so called for redemption except to receive payments of the Redemption Price thereof so held by the Paying Agent. Further notice of redemption shall be given by the Bond Registrar to certain registered securities depositories and information services as set forth in the Indenture,but no defect in said further notice nor any failure to give all or any portion of such further notice shall in any manner defeat the effectiveness of a call for redemption if notice thereof is given as above prescribed. The Owner of this 2018A-2 Bond shall have no right to enforce the provisions of the Indenture or to institute action to enforce the covenants therein,or to take any action with respect to any Event of Default under the Indenture, or to institute, appear in or defend any suit or other proceeding with respect thereto, except as provided in the Indenture. In certain events, on the conditions, in the manner and with the effect set forth in the Indenture, the principal of all the 2018 Bonds then Outstanding under the Indenture may become and may be declared due and payable before the state maturity thereof, with the interest accrued thereon. Modifications of alterations of the Indenture or of any indenture supplemental thereto may be made only to the extent and in the circumstances permitted by the Indenture. Any moneys held by the Trustee or Paying Agent in trust for the payment and discharge of any 2018 Bond which remain unclaimed for two(2) years after the date when such 2018 Bond has become due and payable, either at its stated maturity date or by call for earlier redemption, if such moneys were held by the Trustee or any Paying Agent at such date, or for two (2) years after the date of deposit of such moneys if deposited with the Trustee or Paying Agent after the date when such 2018 Bond became due and payable, shall be paid to the District, and thereupon and thereafter no claimant shall have any rights against the Trustee or Paying Agent to or in respect of such moneys. A-16 44101830;4 1611A2 If the District deposits or causes to be deposited with the Trustee funds or Federal Securities(as defined in the Indenture)sufficient to pay the principal or Redemption Price of any 2018 Bonds becoming due at maturity or by call for redemption in the manner set forth in the Indenture, together with the interest accrued to the due date, the lien of such 2018 Bonds as to the 2018 Trust Estate shall be discharged, except for the rights of the Owners thereof with respect to the funds so deposited as provided in the Indenture. This 2018A-2 Bond shall have all the qualities and incidents, including negotiability, of investment securities within the meaning and for all the purposes of the Uniform Commercial Code of the State of Florida, however, the 2018 Bonds may only be transferred as provided in the Indenture. This 2018A-2 Bond is issued with the intent that the laws of the State of Florida shall govern its construction. A-17 44101830;4 1611A2 [FORM OF ABBREVIATIONS FOR 2018A-2 BONDS] The following abbreviations, when used in the inscription on the face of the within 2018A-2 Bond, shall be construed as though they were written out in full according to applicable laws or regulations. TEN COM as tenants in common TEN ENT as tenant by the entireties JT TEN as joint tenants with the right of survivorship and not as tenants in common UNIFORM TRANS MIN ACT- _ Custodian _ under Uniform Transfers to Minors Act _(State) Additional abbreviations may also be used though not in the above list. For value received, the undersigned hereby sells, assigns and transfers unto the within 2018A-2 Bond and all rights thereunder, and hereby irrevocably constitutes and appoints attorney to transfer the said 2018A-2 Bond on the books of the District, with full power of substitution in the premises. Date: Social Security Number of Employer Identification Number of Transferee: Signature guaranteed: NOTICE: The assignor's signature to this Assignment must correspond with the name as it appears on the face of the within 2018 Bond in every particular without alteration or any change whatever. By: Authorized Signatory A-18 44101830;4 1611A2 HERITAGE BAY COMMUNITY DEVELOPMENT DISTRICT (Collier County,Florida) $ $ Capital Improvement Revenue Capital Improvement Revenue Bonds, Refunding Bonds,Series 2018A-1 Series 2018A-2 ,2018 BOND PURCHASE AGREEMENT Heritage Bay Community Development District Naples,Florida Ladies and Gentlemen: Raymond James & Associates, Inc. (the "Underwriter") offers to enter into this Bond Purchase Agreement with the Heritage Bay Community Development District (the "District" or the "Issuer"). This offer is made subject to written acceptance hereof by the Issuer at or before 11:59 p.m., New York time, on the date hereof. If not so accepted, this offer will be subject to withdrawal by the Underwriter upon written notice delivered to the Issuer at any time prior to the acceptance hereof by the Issuer. Capitalized terms that are not defined herein shall have the meaning ascribed to such term in the Official Statement or the Indenture, as applicable, each as defined herein. 1. Purchase and Sale. Upon the terms and conditions and in reliance on the representations, warranties, covenants and agreements set forth herein, the Underwriter hereby agrees to purchase from the Issuer, and the Issuer hereby agrees to sell and deliver to the Underwriter, all (but not less than all) of the Issuer's $ aggregate principal amount Capital Improvement Revenue Refunding Bonds, Series 2018A-1 (the "2018A-1 Bonds") and its $ aggregate principal amount Capital Improvement Revenue Bonds, Series 2018A-2 (the "2018A-2 Bonds," and, together with the 2018A-1 Bonds, the "Bonds"). The 2018 Bonds shall be dated as of the date of their delivery and shall be payable on the dates and principal amounts, bear such rates of interest and be subject to redemption, all as set forth in Exhibit A attached hereto. Interest on the 2018 Bonds is payable semi-annually on May 1 and November 1 each year, commencing November 1, 2018. The aggregate purchase price for the 2018 Bonds shall be $ (representing (i) the aggregate principal amount of the 2018A-1 Bonds of$ , [minus a net original issue discount of$ and]less an Underwriter's discount of$ and(ii)the aggregate principal amount of the 2018A-2 Bonds of $ , [minus an original issue discount of $ ] and less an Underwriter's discount of$ ). 1611A2 The disclosure statement required by Section 218.385,Florida Statutes, is attached hereto as Exhibit B. The 2018 Bonds are authorized and issued pursuant to the Uniform Community Development District Act of 1980, Chapter 190, Florida Statutes, as amended, any successor statute thereto, the Florida Constitution,and other applicable provisions of law(collectively,the "Act"), and by Ordinance No. 05-24 of the Board of County Commissioners of Collier County, Florida, enacted on May 24, 2005, effective June 17, 2005. The District was established for the purposes,among other things,of financing and managing the planning,acquisition,construction, maintenance and operation of the public infrastructure necessary for community development within its jurisdiction and related financing. The 2018 Bonds are being issued pursuant to the Act and a Master Trust Indenture, dated as of November 1, 2005 (the "Master Indenture"),between the District and U.S. Bank National Association,as successor in trust to Wachovia Bank,National Association, as trustee (the "Trustee"), as supplemented and amended, and as particularly supplemented and amended by a Third Supplemental Trust Tndenture dated as of April 1,2018, (the "Third Supplement" and, together with the Master Indenture, the "Indenture"), and Resolution No. 2018-_ adopted by the District on March , 2018 (the "Bond Resolution"), authorizing the issuance of the 2018 Bonds and resolutions relating to the imposition, levy and collection of the Series 2018 Assessments (as defined in the Indenture) (collectively, the "Assessment Resolutions"). The Issuer has also entered into,or will enter into at or prior to Closing: (a) a Continuing Disclosure Agreement (the "Continuing Disclosure Agreement") with Inframark Management Services, as Dissemination Agent; and (b) this Bond Purchase Agreement. For purposes hereof, this Bond Purchase Agreement, the Indenture and the Continuing Disclosure Agreement are referred to herein collectively as the"Financing Documents." The 2018A-1 Bonds are being issued for the purpose of, together with other legally available moneys of the District: (i)currently refunding all of its Capital Improvement Revenue Refunding Bonds, Series 2014 (the "2014 Bonds"); (ii)paying certain costs associated with the issuance of the 2018A-1 Bonds, including the premium for an insurance policy (the "Bond Insurance Policy") issued by Assured Guaranty Municipal Corp. (the "Insurer") regarding the 2018A-1 Bonds maturing and the 2018A-2 Bonds maturing (the "Insured Bonds"); (iii) paying a portion of the interest first coming due on the 2018A-1 Bonds; and (iv) paying a portion of the premium for the Reserve Policy issued by the Insurer (the "Reserve Policy")to be deposited to the Series 2018 Reserve Account,which shall be held for the benefit of all of the Series 2018 Bonds. The 2018A-2 Bonds are being issued for the purpose of, together with other legally available moneys of the District: (i) financing the cost of constructing certain stormwater management and related improvements, as further described herein (the "2018 Project"); (ii)paying in full the District's obligations under that certain Loan Agreement dated as of September 10,2015,between the District and Valley National Bank,as successor to CNLBank(the "2015 Loan Agreement"); (iii) paying certain costs associated with the issuance of the 2018A-2 2 1611A2 Bonds,including the premium for the Bond Insurance Policy;(iv)paying a portion of the interest first coming due on the 2018A-2 Bonds;and(v) paying a portion of the premium for the Reserve Policy. The Series 2018 Bonds are payable from and secured solely by the 2018 Trust Estate. The 2018 Trust Estate consists of(i)Series 2018 Pledged Revenues,being all revenues derived by the District from the Series 2018 Assessments levied by the District which correspond to the debt service on the Series 2018 Bonds and (ii)the Series 2018. Pledged Funds,being all of the Funds and Accounts held under the Indenture. 2. Delivery of Official Statement and Other Documents. (a)Prior to the date hereof, the Issuer provided to the Underwriter for its review the Preliminary Official Statement dated March ,2018(the"Preliminary Official Statement"),that the Issuer deemed final as of its date, except for certain permitted omissions(the"permitted omissions"),as contemplated by Rule 15c2- 12 of the Securities and Exchange Commission (the"Rule")in connection with the pricing of the 2018 Bonds. The Issuer hereby confirms that the Preliminary Official Statement was deemed final as of its date,except for the permitted omissions. (b) The Issuer shall deliver,or cause to be delivered,at its expense,to the Underwriter, within seven (7) business days after the date hereof, or use good faith todeliver within such shorter period as may be requested by the Underwriter and at least one(1)business day prior to the date of Closing,or within such other period as the Underwriter may inform the Issuer which is necessary for the Underwriter to comply with regulations of the Municipal Securities Rulemaking Board ("MSRB") in order to accompany any confirmation that requests payment from any customer(i)sufficient copies of the final Official Statement(the"Official Statement")to enable the Underwriter to fulfill its obligations pursuant to the securities laws of Florida and the United States,in form and substance satisfactory to the Underwriter,and(ii)an executed original counterpart or certified copy of the Official Statement and the Indenture. In determining whether the number of copies to be delivered by the Issuer are reasonably necessary, at a minimum, the number shall be determined by the Underwriter and conveyed to the Issuer as shall be sufficient to enable the Underwriter to comply with the requirements of the Rule,all applicable rules of the MSRB, and to fulfill its duties and responsibilities under Florida and federal securities laws generally. The Underwriter agrees to file the Official Statement in accordance with applicable MSRB ru les. The Issuer authorizes, or ratifies as the case may be, the use and distribution of the Preliminary Official Statement and the Official Statement in connection with the public offering and sale of the 2018 Bonds. The Underwriter agrees that it will not confirm the sale of any Bonds unless the confirmation of sale requesting payment is accompanied or preceded by the delivery of a copy of the Official Statement. 3 1611A2 (c) From the date hereof until the earlier of (i) ninety days from the "end of the underwriting period" (as defined in the Rule), or (ii) the time when the Official Statement is available to any person from the MSRB (but in no case less than twenty-five(25) days following the end of the underwriting period), if the Issuer has knowledge of the occurrence of any event which may make it necessary to amend or supplement the Official Statement in order to make the statements therein, in the light of the circumstances under which they were made, not misleading,the Issuer shall notify the Underwriter and if,in the reasonable opinion of the Issuer or the reasonable opinion of the Underwriter,such event requires the preparation and publication of an amendment or supplement to the Official Statement,the Issuer, at its expense(unless such event was caused by the Underwriter), shall promptly prepare an appropriate amendment or supplement thereto (and file, or cause to be filed, the same with the MSRB, and mail such amendment or supplement to each record owner of Bonds) so that the statements in the Official Statement as so amended or supplemented will not, in light of the circumstances under which they were made, be misleading, in a form and in a manner reasonably approved by the Underwriter. The Issuer will promptly notify the Underwriter of the occurrence of any event of which it has knowledge, which, in its opinion, is an event described in the preceding sentence. The amendments or supplements that may be authorized for use with respect to the 2018 Bonds are hereinafter included within the term"Official Statement." 3. Authority of the Underwriter. The Underwriter is duly authorized to execute this Bond Purchase Agreement and to perform its obligations hereunder. The Underwriter hereby represents that neither it nor any "person" or "affiliate" has been on the "convicted vendor list" during the past thirty-six (36) months, as all such terms are defined in Section 287.133, Florida Statutes,as amended. 4. Offering and Sale of Bonds. The Underwriter agrees to make a bona fide offering to the public (excluding bond houses, brokers or similar persons or organizations acting in the capacity of underwriters or wholesalers) of all of the 2018 Bonds at not in excess of the initial public offering price or prices(or below the yield or yields)set forth in Exhibit A hereto;provided, however, that the Underwriter may (i) offer and sell the 2018 Bonds to certain bond houses, brokers or to similar persons or organizations acting in the capacity of underwriters or wholesalers at prices lower than the public offering prices set forth in Exhibit A hereto, and (ii) change such initial offering prices (or yields) as the Underwriter deems necessary in connection with the marketing of the 2018 Bonds. The Issuer hereby authorizes the Underwriter to use the Official Statement in connection with the public offering and sale of the 2018 Bonds and ratifies and confirms the distribution and use by the Underwriter prior to the date hereof of the Preliminary Official Statement in connection with such public offering and sale. 5. Issuer Representations, Warranties, Covenants and Agreements. The Issuer represents and warrants to and covenants and agrees with the Underwriter that, except as otherwise stated,as of the date hereof and as of the date of the Closing(hereinafter defined): 4 16I1A � (a) The District is a local unit of special purpose government, duly organized and established and validly existing under the Act and the Constitution and laws of the State of Florida,with full legal right, power and authority(1)to impose,levy and collect the Series 2018 Assessments in the manner described in the Official Statement;(2)to issue the 2018 Bonds for the purposes for which they are to be issued,as described in the Official Statement, (3)to secure the 2018 Bonds as provided by the Indenture, (4) to enter into the Financing Documents and (5) to carry out and consummate all of the transactions contemplated by the Financing Documents. (b) The District has complied with the Bond Resolution and the Assessment Resolutions,the Act, and the Constitution and laws of the State of Florida in all matters relating to the Financing Documents and the imposition, levy and collection of the Series 2018 Assessments. (c) The District has duly authorized and approved (1)the execution and delivery,or adoption, as the case may be, and performance of the Financing Documents, the Series 2018 Assessments and the 2018 Bonds, (2) the use and distribution of the Preliminary Official Statement and the execution,delivery and distribution of the Official Statement,and(3)the taking of any and all such action as may be required on the part of the District to carry out,give effect to and consummate the transactions contemplated by the Financing Documents, the 2018 Bonds, the Series 2018 Assessments and the Official Statement. (d) Each of the Financing Documents constitutes a legally valid and binding obligation of the District enforceable in accordance with its terms, and,upon due authorization, execution and delivery hereof and thereof by the parties thereto, will constitute the legal, valid and binding obligation of the District enforceable in accordance with its terms. (e) When delivered to and paid for by the Underwriter at the Closing (hereinafter defined)in accordance with the provisions of this Bond Purchase Agreement,the 2018 Bonds will have been duly authorized, executed, authenticated, issued and delivered and will constitute legal,valid and binding special obligations of the District, conforming to the Act, and entitled to the benefit and security of the Indenture. (f) Upon the execution, authentication, issuance and delivery of the 2018 Bonds as aforesaid, the Indenture will provide,for the benefit of the holders from time to time of the 2018 Bonds,a legally valid and binding pledge of and a security interest in and to the 2018 Trust Estate pledged to the 2018 Bonds, subject only to the provisions of the Indenture permitting the application of such 2018 Trust Estate for the purposes and on the terms and conditions set forth in the Indenture. (g) Other than any approvals that might be required under the securities laws of any state, no approval, permit, consent or authorization of, or registration or filing with, any governmental or public agency or authority or any other entity not already obtained or made,or to be made simultaneously with the issuance of the 2018 Bonds,is required to be obtained by the District in connection with the issuance and sale of the 2018 Bonds,or the execution and delivery 5 1 6 1 1 A by the District of,or the due performance of its obligations under,the Financing Documents and the 2018 Bonds, and any such approvals, permits, consents or authorizations so obtained are in full force and effect. (h) Other than as may be disclosed in the Official Statement, the District is not in breach of or in default under any applicable constitutional provision, law or administrative regulation of the State of Florida or the United States, the Financing Documents,the 2018 Bonds or any applicable judgment or decree or any other loan agreement, indenture, bond, note, resolution,agreement or other instrument to which the District is a party or to which the District or any of its property or assets is otherwise subject,that could have a materially adverse effect on the business or operations of the District,and no event of default by the District has occurred and is continuing under any such instrument. (i) The execution and delivery by the District of the Financing Documents, the 2018 Bonds and any other instrument to which the District is a party and which is used or contemplated for use in conjunction with the transactions contemplated by the Financing Documents,the 2018 Bonds,or the Official Statement, and the compliance with the provisions of each such instrument and the consummation of any transactions contemplated hereby and thereby,will not conflict with or constitute a breach of,or default under any indenture, contract, agreement,or other instrument to which the District is a party or by which it is bound, or to the best of its knowledge under any provision of the Constitution of the State of Florida or any existing law,rule,regulation, ordinance,judgment, order or decree to which the District(or any of its supervisors or officers in their respective capacities as such)or its properties is subject. (j) Except as disclosed in the Official Statement,on the date hereof, there is no action, suit, hearing, inquiry or investigation, at law or in equity,before or by any court, public board, agency or body,pending or,to the best knowledge of the District,threatened against or affecting the District or any of its supervisors in their respective capacities as such,in which an unfavorable decision, ruling or finding would, in any material way, adversely affect (1) the transactions contemplated by the Financing Documents, the 2018 Bonds or the proceedings relating to the Series 2018 Assessments, (2) the organization, existence or powers of the District or any of its supervisors or officers in their respective capacities as such, (3)the business,properties or assets or the condition,financial or otherwise,of the District,(4)the validity or enforceability of the 2018 Bonds, the Financing Documents, the Series 2018 Assessments, or any other agreement or instrument to which the District is a party and which is used or contemplated for use in the transactions contemplated hereby or by the Indenture, (5) the exclusion from gross income for federal income tax purposes of the interest on the 2018 Bonds,(6)the exemption under the Act of the 2018 Bonds and the interest thereon from taxation imposed by the State of Florida, (7) the legality of investment in the 2018 Bonds for certain investors as provided in the Act, (8) the issuance,sale or delivery of the 2018 Bonds,or(9)the pledge of the Series 2018 Assessments under the Indenture to pay the principal or premium,if any,or interest on the 2018 Bonds. (k) Except as otherwise may be disclosed in the Official Statement,the District has not issued, assumed or guaranteed any indebtedness, incurred any material liabilities, direct or 6 1611AZ contingent,or entered into any contract or arrangement of any kind payable from or secured by a pledge of the 2018 Trust Estate pledged to the 2018 Bonds with a lien thereon prior to or on a parity with the lien of the 2018 Bonds. (I) Between the date of this Bond Purchase Agreement and the date of the Closing, the District will not, without the prior written consent of the Underwriter, incur any material liabilities, direct or contingent, nor will there be any adverse change of a material nature in the financial position,results of operations or condition, financial or otherwise, of the District,other than(1)as contemplated by the Official Statement,or(2)in the ordinary course of business. (m) Any certificates signed by any official of the District authorized to do so shall be deemed a representation and warranty by the District to the Underwriter as to the statements made therein. (n) No representation or warranty by the District in this Bond Purchase Agreement nor any statement,certificate,document or exhibit furnished to or to be furnished by the District pursuant to this Bond Purchase Agreement or the Official Statement or in connection with the transactions contemplated hereby contains or will contain on the date of Closing any untrue statement of a material fact or omits or will omit a material fact necessary to make the statements contained therein,in the light of the circumstances under which they were made,not misleading, provided,however, that no representation is made with respect to information concerning The Depository Trust Company or the Underwriter. (o) Except as may be disclosed in the Official Statement, the District is not in default and has not been in default at any time after December 31, 1975 as to principal or interest with respect to any obligations issued or guaranteed by the District. (p) Other than as disclosed in the Preliminary Official Statement and the Official Statement, the District has not in the past five years failed to comply with any agreement to provide continuing disclosure information pursuant to the Rule. (q) The District has the authority to undertake the 2018 Project. 6. The Closing. At 12:00 noon,New York time,on April 2018,or at such earlier or later time or date to which the Issuer and the Underwriter may mutually agree,the Issuer will, subject to the terms and conditions hereof,deliver the 2018 Bonds to the Underwriter in full book- entry form,duly executed,together with the other documents hereinafter mentioned,and,subject to the terms and conditions hereof, the Underwriter will accept such delivery and pay the aggregate purchase price of the 2018 Bonds as set forth in Paragraph 1 hereof(such delivery of and payment for the 2018 Bonds is herein called the "Closing''). The Issuer shall cause CUSIP identification numbers to be printed on the 2018 Bonds, but neither the failure to print such number on any Bond nor any error with respect thereto shall constitute cause for a failure or refusal by the Underwriter to accept delivery of and pay for the 2018 Bonds in accordance with the terms of this Bond Purchase Agreement. The Closing shall occur at the offices of the Issuer, or such other place to which the Issuer and the Underwriter shall have mutually agreed. The 7 1 6 1 1 A 2 2018 Bonds shall be prepared and delivered as fully registered bonds in such authorized denominations and registered in full book-entry form in the name of Cede&Co., as nominee of The Depository Trust Company, New York, New York ("DTC") and shall be delivered to DTC during the business day prior to the Closing for purposes of inspection,unless the DTC'T.A.S.T." procedure is used which requires the Registrar to retain possession of the 2018 Bonds. 7. Closing Conditions. The Underwriter has entered into this Bond Purchase Agreement in reliance upon the representations, warranties and agreements of the District contained herein and contained in the documents and instruments delivered at the Closing, and upon the performance by the District of its obligations hereunder, as of the date of the Closing. Accordingly, the Underwriter's obligations under this Bond Purchase Agreement to cause the purchase, acceptance of delivery and payment for the 2018 Bonds shall be subject to the performance by the District of its obligations to be performed hereunder and under such documents and instruments at or prior to the Closing, and shall also be subject to the following conditions: (a) The representations and warranties of the District contained herein shall be true, complete and correct on and as of the date of the Closing, the statements made in all certificates and other documents delivered to the Underwriter at the Closing shall be true, complete and correct as of the date of Closing, and the District shall be in compliance with each of the agreements made by it in this Bond Purchase Agreement and the Indenture as of the date of Closing; (b) At the Closing,(1)the Financing Documents and the Series 2018 Assessments shall be in full force and effect and shall not have been amended,modified or supplemented,except as may have been agreed to in writing by the Underwriter, and the District shall have adopted and there shall be in full force and effect such additional agreements therewith and in connection with the issuance of the 2018 Bonds all such action as in the reasonable opinion of Bond Counsel,shall be necessary in connection with the transactions contemplated hereby, (2)the Official Statement shall not have been amended, modified or supplemented,except as may have been agreed to in writing by the Underwriter, (3) there shall not have occurred any event that causes the Official Statement or any amendment or supplement thereto to contain an untrue or misleading statement of fact that in the opinion of the Underwriter is material or omits to state a fact that in the opinion of the Underwriter is material and necessary to make the statements therein, in light of the circumstances under which they were made,not misleading,(4)the District shall perform or shall have performed all of its obligations under or specified in the Financing Documents to be performed at or prior to the Closing, and (5) the 2018 Bonds shall have been duly authorized, executed,authenticated and delivered; (c) At or prior to the Closing, the Underwriter shall have received executed or certified copies of the following documents: (1) Certificates,dated the date of Closing regarding the Official Statement and no default; 8 1611A2 (2) The Bond Resolution, certified by authorized officers of the District under 1' its seal as a true and correct copy and as having been adopted with only such amendments, modifications or supplements as may have been approved by the Underwriter; ( (3) The Indenture and the proceedings relating to the levy of the Series 2018 Assessments,certified by authorized officers of the District as true and correct copies; (4) The Official Statement,executed on behalf of the District by the Chairman or Vice Chairman of its Board of Supervisors; (5) A certificate of the District, dated the date of Closing, signed on its behalf by the Chairman or Vice Chairman and a Secretary or Assistant Secretary of its Board of Supervisors,in substantially the form of Exhibit C hereto; (6) An opinion, dated the date of Closing,of Akerman LLP,Orlando,Florida, Bond Counsel,substantially in the form attached as an Appendix to the Official Statement; (7) A supplemental opinion,dated the date of Closing,of Bond Counsel to the effect that (i) the Underwriter may rely on the approving opinion of Bond Counsel as though such opinion were addressed to them; (ii) the 2018 Bonds are exempt securities within the meaning of Section 3(a)(2)of the Securities Act of 1933,as amended(the"1933 Act"),and Section 304(a)(4)of the Trust Indenture Act of 1939,as amended(the"1939 Act") and it is not necessary in connection with the sale of the 2018 Bonds to the public to register the 2018 Bonds under the 1933 Act, or to qualify the Indenture under the 1939 Act; and (iii)Bond Counsel has reviewed the statements contained in the Official Statement under the sections captioned "DESCRIPTION OF THE SERIES 2018 BONDS" (other than the portion thereof captioned "Book-Entry Only System" and other than any information therein relating to DTC or the book-entry system, as to which no opinion is expressed) "PLAN OF REFUNDING"and "SECURITY FOR AND SOURCE OF PAYMENT OF THE SERIES 2018 BONDS" and are of the opinion that insofar as such statements purport to summarize certain provisions of the 2018 Bonds and the Indenture,that such statements fairly represent the documents purported to be summarized therein and that Bond Counsel has also reviewed the statements contained in the Official Statement under the section captioned "TAX MATTERS" and are of the opinion that insofar as such section purports to summarize the provisions of the Internal Revenue Code of 1986,as amended, and applicable laws of the State of Florida, such statements are correct as to matters of law; F (8) An opinion, dated the date of Closing, of Coleman Yovanovich Koester, P.A.,Naples,Florida,District Counsel,in substantially the form of Exhibit D hereto; (9) An opinion,dated the date of Closing,of Bryant Miller Olive P.A.,Orlando, Florida, Underwriter's Counsel ("Underwriter's Counsel"), in form and substance satisfactory to the Underwriter; 9 t 1611A2 (10) A certificate, dated the date of Closing, of the authorized officers of the District to the effect that,on the basis of the facts,estimates and circumstances in effect on the date of Closing,it is not expected that the proceeds of the 2018 Bonds will be used in a manner that would cause the 2018 Bonds to be"arbitrage bonds"within the meaning of Section 148 of Internal Revenue Code of 1986,as amended; (11) Specimen Bonds; (12) Executed Financing Documents; (13) Evidence that the rating agency rating the 2018A-1 Bonds has issued ratings of not lower than the insured and underlying ratings on the 2018A-1 Bonds which are published in the final Official Statement and that such ratings are in full force and effect as of the date of Closing; (14) A copy of the executed Letter of Representations between the District and The Depository Trust Company,New York,New York; (15) A copy of the Assessment Allocation Report for the Series 2018 Bonds dated January 19, 2018, prepared by Inframark Management Services and a certificate from such firm in substantially the form attached as Exhibit E hereto; (16) An opinion, dated the date of the Closing of Holland & Knight, LLP as counsel to the Trustee, substantially to the effect that such trust company or commercial bank is a duly organized trust company or commercial bank with necessary powers to serve as trustee under the Indenture and has duly and with legal authority executed and delivered the Indenture and that the Indenture is binding and enforceable against the Trustee, all in form and substance satisfactory to the Underwriter; (17) A certificate executed by the District Manager that all resolutions required to be published by Florida law have been published in accordance with the requirements of Florida law; (18) An executed counterpart of the[describe settlement agreement regarding deferred costs and evidence of payment in full of settlement.] (19) A duly executed copy of the Bond Insurance Policy and the Reserve Policy; (20) An opinion of general counsel to the Insurer relating to the validity and enforceability of the Bond Insurance Policy and the Reserve Policy,and a certificate of an officer of the Insurer dated the date of Closing and addressed to the Underwriter, concerning the Insurer, the Bond Insurance Policy and the Reserve Policy, and the information relating to the Insurer, the Bond Insurance Policy and the Reserve Policy, contained in the Official Statement,in form and substance satisfactory to the Underwriter and Counsel for the Underwriter; 10 1611A2 (21) a copy of the Supplemental Engineer's Report dated January 19, 2018, prepared by CPH,Inc.and a certificate from such firm in substantially the form attached as Exhibit F hereto. (22) A certificate of the Issuer deeming the Preliminary Official Statement "final" as of its date for purposes of the Rule,except for"permitted omissions"; (23) A copy of the 2005 final judgment and certificate of no appeal in connection with the validation related to the 2018A-1 Bonds;and (24) Such additional legal opinions, certificates (including such certificates as may be required by regulations of the Internal Revenue Service in order to establish the tax exempt character of the 2018 Bonds,which certificates shall be satisfactory in form and substance to Bond Counsel), and other evidence as the Underwriter, Bond Counsel or Underwriter's Counsel may deem necessary to evidence the truth and accuracy as of the Closing of the representations and warranties of the District herein contained and of the information contained in the Official Statement and the due performance and satisfaction by the District at or prior to such time of all agreements then to be performed and all conditions then to be satisfied by it. All of the opinions, letters, certificates, instruments and other documents mentioned above or elsewhere in this Bond Purchase Agreement shall be deemed to be in compliance with the provisions hereof if, but only if, they are in form and substance as set forth herein or as described herein or as otherwise satisfactory to the Underwriter. Receipt of, and payment for, the 2018 Bonds shall constitute evidence of the satisfactory nature of such as to the Underwriter. The performance of any and all obligations of the District hereunder and the performance of any and all conditions herein for the benefit of the Underwriter may be waived by the Underwriter in its sole discretion. If the District shall be unable to satisfy the conditions to the obligations of the Underwriter to cause the purchase, acceptance of delivery and payment for the 2018 Bonds contained in this Bond Purchase Agreement, or if the obligations of the Underwriter to cause the purchase, acceptance of delivery and payment of the 2018 Bonds shall be terminated for any reason permitted by this Bond Purchase Agreement,this Bond Purchase Agreement shall terminate,and neither the Underwriter nor the District shall be under further obligation hereunder, but the respective obligations of the Underwriter and the District set forth in Section 9 hereof shall continue in full force and effect. 8. Termination. The Underwriter may terminate this Bond Purchase Agreement by written notice to the Issuer in the event that between the date hereof and the Closing: (a) the marketability of the 2018 Bonds or the market price thereof, in the reasonable opinion of the Underwriter, has been materially adversely affected by an amendment to the Constitution of the United States or by any legislation (other than any actions taken by either House of Congress on or prior to the date hereof)(i)enacted or adopted by the United States, (ii) 11 16I 1 A 2 recommendedto the Congress or otherwise endorsed for passage,by press release,other form of notice or otherwise,by the President of the United States,the Chair or ranking minority member of the Committee on Finance of the United States Senate or the Committee on Ways and Means of the United States House of Representatives, the Treasury Department of the United States or the Internal Revenue Service, or (iii) favorably reported out of the appropriate Committee for passage to either House of the Congress by any full Committee of such House to which such legislation has been referred for consideration,or by any decision of any court of the United States or by any order, rule or regulation (final, temporary or proposed) on behalf of the Treasury Department of the United States, the Internal Revenue Service or any other authority or regulatory body of the United States,or by a release or announcement or communication issued or sent by the Treasury Department or the Internal Revenue Service of the United States,or any comparable legislative,judicial or administrative development affecting the federal tax status of the Issuer, its property or income, obligations of the general character of the 2018 Bonds, as contemplated hereby,or the interest thereon;or (b) any legislation,rule,or regulations shall be introduced in,or be enacted or adopted in the State of Florida, or a decision by any court of competent jurisdiction within the State of Florida shall be rendered which, in the reasonable opinion of the Underwriter, materially adversely affects the market for the 2018 Bonds or the sale, at the contemplated offering prices, by the Underwriter of the 2018 Bonds to be purchased by them;or (c) any amendment to the Official Statement is proposed by the Issuer or deemed necessary by Bond Counsel, or the Underwriter which, in the reasonable opinion of the Underwriter, materially adversely affects the market for the 2018 Bonds or the sale, at the contemplated offering prices,by the Underwriter of the 2018 Bonds to be purchased by them;or (d) there shall have occurred any outbreak or escalation of hostility,declaration by the United States of a national emergency or war or other calamity or crisis the effect of which on financial markets is such as to make it, in the sole judgment of the Underwriter, impractical or inadvisable to proceed with the offering or delivery of the 2018 Bonds as contemplated by the Official Statement(exclusive of any amendment or supplement thereto);or (e) legislation shall be enacted or adopted,or any action shall be taken by,or on behalf of,the Securities and Exchange Commission which,in the reasonable opinion of legal counsel to the Underwriter,has the effect of requiring the contemplated distribution of the 2018 Bonds to be registered under the Securities Act of 1933, as amended, or the Indenture to be qualified under the Trust Indenture Act of 1939, as amended, or any laws analogous thereto relating to governmental bodies, and compliance therewith cannot be accomplished prior to the Closing;or (f) legislation shall be introduced by amendment or otherwise in or be enacted by, the House of Representatives or the Senate of the Congress of the United States,or a decision by a Court of the United States of America shall be rendered, or a stop order, ruling, release, regulation, Official Statement or no-action letter by or on behalf of the Securities and Exchange Commission or any other governmental authority having jurisdiction of the subject matter of the 12 1611A2 2018 Bonds shall have been proposed, issued or made (which is beyond the control of the Underwriter or the Issuer to prevent or avoid) to the effect that the issuance, offering or sale of the 2018 Bonds as contemplated hereby or by the Official Statement,or any document relating to the issuance, offering or sale of the 2018 Bonds is or would be in violation of any of the federal securities laws at Closing,including the Securities Act of 1933,as amended and then in effect,the Securities Exchange Act of 1934, as amended and then in effect, or the Trust Indenture Act of 1939, as amended and then in effect, or with the purpose or effect of otherwise prohibiting the offering and sale of obligations of the general character of the 2018 Bonds,or the 2018 Bonds, as contemplated hereby;or (g) there shall have occurred either a financial crisis or a default with respect to the debt obligations of the Issuer or proceedings under the federal or State of Florida bankruptcy laws shall have been instituted by the Issuer, in either case the effect of which,in the reasonable judgment of the Underwriter,is such as to materially and adversely affect(i)the market price or the marketability of the 2018 Bonds,or(ii) the ability of the Underwriter to enforce contracts for the sale of the 2018 Bonds;or (h) a general banking moratorium shall have been declared by the United States,New York or Florida authorities, which in the reasonable opinion of the Underwriter, materially adversely affects the market for the 2018 Bonds or the sale, at the contemplated offering prices, by the Underwriter of the 2018 Bonds to be purchased by them;or (i) any national securities exchange,or any governmental authority,shall impose, as to the 2018 Bonds or obligations of the general character of the 2018 Bonds any material restrictions not now in force, or increase materially those now in force, with respect to the establishment of material restrictions upon trading of securities, including limited or minimum prices, by any governmental authority or by any national securities exchange, which in the reasonable opinion of the Underwriter,materially adversely affects the market for the 2018 Bonds or the sale, at the contemplated offering prices, by the Underwriter of the 2018 Bonds to be purchased by it;or (j) legal action shall have been filed against the Issuer wherein an adverse ruling would materially adversely affect the transactions contemplated hereby or by the Official Statement or the validity of the 2018 Bonds,the Bond Resolution, the Indenture, the Continuing Disclosure Agreement, the Escrow Agreement or this Bond Purchase Agreement; provided, however, that as to any such litigation, the Issuer may request and the Underwriter may accept an opinion by Bond Counsel, or of other counsel acceptable to the Underwriter, that in such counsel's opinion the issues raised by any such litigation or proceeding are without substance or that the contentions of any plaintiffs therein are without merit;or (k) there shall have occurred or any notice shall have been given of any intended review, downgrading,suspension, withdrawal,or negative change in credit watch status by any national rating service to any of the Issuer's obligations;or 13 1611A2 • (I) any information shall have become known which,in the Underwriter's reasonable opinion, makes untrue, incorrect or misleading in any material respect any statement or information contained in the Official Statement, as the information contained therein has been supplemented or amended by other information, or causes the Official Statement, as so supplemented or amended, to contain an untrue,incorrect or misleading statement of a material fact or to omit to state a material fact necessary to be stated therein in order to make the statements made therein, in light of the circumstances under which they were made, not misleading and upon the receipt of notice of same by the Issuer,the Issuer fails to promptly amend or supplement the Official Statement;or (m) an event occurs as a result of which the Official Statement, as then amended or supplemented,would include an untrue statement of a material fact or omit to state any material fact which is necessary to be stated therein in order to make the statements made therein,in the light of the circumstances under which they were made,not misleading which,in the reasonable opinion of the Underwriter,requires an amendment or supplement to the Official Statement and, in the reasonable opinion of the Underwriter,materially adversely affects the marketability of the 2018 Bonds or the contemplated offering prices thereof and upon the receipt of notice by the Issuer,the Issuer fails to promptly amend or supplement the Official Statement;or (n) the IRS makes a determination with respect to any special purpose development district formed under State law (referred to herein as a "Special District") deeming that all or certain of such Special Districts are not a"political subdivision"for purposes of Section 103(a)of the Code, and such determination, in the reasonable opinion of the Underwriter, materially adversely affects the federal tax status of the District, the tax exempt character or marketability of the 2018 Bonds or the contemplated offering prices thereof;or (o) there shall have occurred or any notice shall have been given of any intended downgrading,suspension,withdrawal or negative change in credit watch status by any national rating service to any of the Issuer's financial obligations. 9. Expenses. (a) The District agrees to pay from the proceeds of the 2018 Bonds, and the Underwriter shall be under no obligation to pay,all expenses incident to the performance of the District's obligations hereunder, including but not limited to (1) the cost of the preparation, printing or other reproduction(for distribution prior to,on or after the date of acceptance of this Bond Purchase Agreement) of a reasonable number of copies of the Preliminary Official Statement and the Official Statement; (2) the fees and disbursements of Bond Counsel, District Counsel, Special District Services, Inc., as Assessment Consultant and any other experts or consultants retained by the District, including, but not limited to, the fees and expenses of the District Manager;(3)the fees and disbursements of the Trustee,Bond Registrar and Paying Agent under the Indenture; (4) charges by rating agencies for the rating of the 2018 Bonds; (5) out-of- pocket expenses of the District;and(6)the fees of the Escrow Agent under the Escrow Agreement. 14 1611A2 (b) The Underwriter shall pay (1) the cost of qualifying the 2018 Bonds for sale in various states chosen by the Underwriter and the cost of preparing or printing any Blue Sky and legal investment memoranda to be used in connection with such sale; (2) the fees and disbursements of Underwriter's Counsel; and(3)out-of-pocket expenses,including the fees and expenses of advertising, incurred by them in connection with their offering and distribution of the 2018 Bonds. (c) In the event that either the District or the Underwriter shall have paid obligations of the other as set forth in this Section,adjustment shall be made at or prior to Closing. 10. Notices. All notices, demands and formal actions hereunder shall be in writing and mailed, telegraphed or delivered to: The Underwriter: Raymond James&Associates,Inc. 880 Carillon Parkway St.Petersburg,Florida 33716 Attention: Betsy Hedden-Shafer,Managing Director Phone: 727-567-1101 The District: Heritage Bay Community Development District c/o Inframark Management Services 5911 Country Lakes Drive Fort Myers,Florida 33905 Attention: Justin Faircloth Phone: 239-245-7118 Copy to District Counsel: Coleman Yovanovich Koester,P.A. Northern Trust Building 4001 Tamiami Trail North Suite 300 Naples,Florida 34103 Attention: Greg Urbancic, Esq. Phone: 239-435-3535 11. Parties in Interest. This Bond Purchase Agreement is made solely for the benefit of the Issuer and the Underwriter (including the successors or assignees of the Issuer or the Underwriter)and no other party or person shall acquire or have any right hereunder or by virtue hereof. All representations, warranties, covenants and agreements in this Bond Purchase Agreement shall remain operative and in full force and effect,regardless of:(i)any investigations made by or on behalf of the Underwriter; (ii) the delivery of and payment for the 2018 Bonds pursuant to this Bond Purchase Agreement; or (iii) any termination of this Bond Purchase Agreement but only to the extent provided by the last paragraph of Section 7 hereof. 12. Waiver. Notwithstanding any provision herein to the contrary, the performance of any and all obligations of the Issuer hereunder and the performance of any and all conditions 15 1611A . contained herein for the benefit of the Underwriter may be waived by the Underwriter, in their sole discretion. 13. Effectiveness. This Bond Purchase Agreement shall become effective upon the execution of the acceptance hereof by the Chairman and shall be valid and enforceable at the time of such acceptance. 14. Counterparts. This Bond Purchase Agreement may be executed in several counterparts,each of which shall be regarded as an original and all of which shall constitute one and the same document. 15. Headings. The headings of the sections of this Bond Purchase Agreement are inserted for convenience only and shall not be deemed to be a part hereof. 16. Florida Law Governs. The validity,interpretation and performance of this Bond Purchase Agreement shall be governed by the laws of the State of Florida. 17. Truth In Bonding Statement. Pursuant to the provisions of Section 218.385(2) and(3), Florida Statutes, as amended, the Underwriter provides the following truth-in-bonding statement: (a) The Issuer is proposing to issue $ of its 2018A-1 Bonds and $ of its 2018A-2 Bonds for the purposes described in Section 1 hereof. The 2018 Bonds are expected to be repaid over a period of approximately 19 years. At a true interest cost of approximately %, total interest paid over the life of the 2018 Bonds will be approximately$ (b) The source of repayment for the 2018 Bonds is the 2018 Trust Estate(as described in the Indenture). Authorizing this obligation will result in a maximum of approximately $ not being available to finance other services of the Issuer every year for approximately 19 years. 18. Arms-Length Transaction. The District acknowledges and agrees that (i) the purchase and sale of the 2018 Bonds pursuant to this Bond Purchase Agreement is an arm's-length commercial transaction between the District and the Underwriter, (ii) in connection therewith and with the discussions,undertakings and procedures leading up to the consummation of such transaction, the Underwriter is and has been acting solely as a principal and is not acting as an advisor (including, without limitation, a Municipal Advisor (as such term is defined in Section 975(e) of the Dodd Frank Wall Street Reform and Consumer Protection Act), agent or fiduciary of the District, (iii) the Underwriter has not assumed an advisory or fiduciary responsibility in favor of the District with respect to the offering contemplated hereby or the discussions, undertakings and procedures leading thereto (irrespective of whether the Underwriter or any affiliate of the Underwriter has provided other services or is currently providing other services to the District on other matters)and the Underwriter has no obligation to the District with respect to the offering contemplated hereby except the obligations expressly set forth in this Bond 16 1611A2 Purchase Agreement,(iv)the District has consulted its own legal,financial and other advisors to the extent it has deemed appropriate in connection with the offering of the 2018 Bonds, (v) the Underwriter has financial and other interests that differ from those of the District, and (vi) the District has received the Underwriter's G-17 Disclosure Letter. 19. Establishment of Issue Price. (a) The Underwriter agrees to assist the Issuer in establishing the issue price of the 2018 Bonds and shall execute and deliver to the Issuer at Closing an "issue price" or similar certificate, together with the supporting pricing wires or equivalent communications, substantially in the form attached hereto as Exhibit G, with such modifications as may be appropriate or necessary, in the reasonable judgment of the Underwriter, the Issuer and Bond Counsel,to accurately reflect,as applicable,the sales price or prices or the initial offering price or prices to the public of the 2018 Bonds. (b) The Issuer will treat the first price at which 10%of each maturity of the 2018 Bonds (the "10% test") is sold to the public as the issue price of that maturity (if different interest rates apply within a maturity,each separate CUSIP number within that maturity will be subject to the 10%test). At or promptly after the execution of this Bond Purchase Agreement,the Underwriter shall report to the Issuer the price or prices at which it has sold to the public each maturity of Bonds. If at that time the 10%test has not been satisfied as to any maturity of the 2018 Bonds,the Underwriter agrees to promptly report to the Issuer the prices at which it sells the unsold Bonds of that maturity to the public. That reporting obligation shall continue,whether or not the date of Closing has occurred,until the 10%test has been satisfied as to the 2018 Bonds of that maturity or until all Bonds of that maturity have been sold to the public. 20. Entire Agreement. This Bond Purchase Agreement when accepted by you in writing as heretofore specified shall constitute the entire agreement between us and is made solely for the benefit of the Issuer and the Underwriter(including the successors or assigns of the Issuer or the Underwriter). No other person shall acquire or have any right hereunder or by virtue hereof. [Signature Page to Follow] 17 1611A Signature Page to Bond Purchase Agreement (Heritage Bay Community Development District) Very truly yours, RAYMOND JAMES& ASSOCIATES, INC. By: Name: Betsy Hedden-Shafer Title: Managing Director,Public Finance Accepted by: HERITAGE BAY COMMUNITY DEVELOPMENT DISTRICT By: Name: Edwin Hubbard Title: Chairman S-1 1611A2 EXHIBIT A MATURITY DATES,PRINCIPAL AMOUNTS,INTEREST RATES, YIELDS,PRICES AND INITIAL CUSIP NUMBERS" HERITAGE BAY COMMUNITY DEVELOPMENT DISTRICT (COLLIER COUNTY,FLORIDA) CAPITAL IMPROVEMENT REVENUE REFUNDING BONDS, SERIES 2018A-1 $ Serial Bonds Initial Maturity Principal Interest CUSIP (May 1) Amount Rate Price Yield Number $ %Series 2018A-1 Term Bond Due May 1,20_-Yield: %-Price CUSIP No. *x $ %Series 2018A-1 Term Bond Due May 1,20_-Yield: %-Price CUSIP No. CAPITAL IMPROVEMENT REVENUE BONDS, SERIES 2018A-2 $ %Series 2018A-2 Term Bond Due May 1,2022 -Yield: %-Price CUSIP No. * Preliminary,subject to change CUSIP numbers have been assigned to the Series 2018 Bonds by an organization not affiliated with the District and are included solely for the convenience of the owners of the Series 2018 Bonds. The District is not responsible for the selection,use or accuracy of the CUSIP numbers set forth herein. A-1 1611A2 REDEMPTION PROVISIONS [TO COME] A-2 16 I 1A2 EXHIBIT B HERITAGE BAY COMMUNITY DEVELOPMENT DISTRICT (Collier County,Florida) $ $ Capital Improvement Revenue Capital Improvement Revenue Bonds, Refunding Bonds,Series 2018A-1 Series 2018A-2 DISCLOSURE STATEMENT ,2018 Heritage Bay Community Development District Naples,Florida Ladies and Gentlemen: Pursuant to Chapter 218.385, Florida Statutes, and with respect to the issuance of the above-referenced bonds (collectively, the "Bonds"), Raymond James & Associates, Inc. (the "Underwriter"),having purchased the 2018 Bonds pursuant to a Bond Purchase Agreement dated as of , 2018 (the "Purchase Agreement")between the Underwriter and Heritage Bay Community Development District (the "District"), makes the following disclosures in connection with the limited public offering and sale of the 2018 Bonds: (a) The total underwriting discount paid to the Underwriter pursuant to the Purchase Agreement is$ (--°/o)- (b) %).(b) The total amount of expenses estimated to be incurred by the Underwriter in connection with the issuance of the 2018 Bonds is$ . An itemization of these expenses is attached hereto as Schedule I. (c) There are no"finders"as such term is used in Sections 218.385 and 218.386,Florida Statutes,in connection with the issuance of the 2018 Bonds. (d) The components of the Underwriter's discount are as follows: Management Fee: $ or $ Takedown: or Expenses: or B-1 1611A2 (e) There are no other fees,bonuses, or other compensation estimated to be paid by the Underwriter in connection with the 2018 Bonds to any person not regularly employed or retained by the Underwriter. (f) The name and address of the Underwriter is set forth below: Raymond James&Associates,Inc. 880 Carillon Parkway St.Petersburg,Florida 33716 Attention: Betsy Hedden-Shafer,Managing Director (Remainder of page intentionally left blank) B-2 1b I l A We understand that you do not require any further disclosure from the Underwriter, pursuant to Section 218.385(6),Florida Statutes,as amended. Very truly yours, RAYMOND JAMES&ASSOCIATES,INC. By: Name: Betsy Hedden-Shafer Title: Managing Director,Public Finance B-3 16I 1 A 2 SCHEDULE I ESTIMATED EXPENSES TO BE INCURRED BY UNDERWRITER Underwriter's Counsel Fee $ Travel Expenses Communication Day Loan Clearance&Settlement Charges CUSIP/DTC Contingency Total $ Schedule I-1 to Exhibit B 1611A2 EXHIBIT C CERTIFICATE OF DISTRICT The undersigned,as Chairman and Secretary,respectively,of the Board of Supervisors of Heritage Bay Community Development District (the "District"), a local unit of special-purpose government duly established and validly existing under and pursuant to the Constitution and laws of the State of Florida, particularly Chapter 190, Florida Statutes, as amended (the "Act"), hereby certify to Raymond James&Associates,Inc. (the"Underwriter")in satisfaction of Section 7(c)(5)of the Bond Purchase Agreement,dated ,2018,with the District(the"Bond Purchase Agreement") in connection with the issuance by the District of $ aggregate principal amount Capital Improvement Revenue Refunding Bonds,Series 2018A-1 (the "2018A-1 Bonds") and the $ aggregate principal amount Capital Improvement Revenue Bonds,Series 2018A-2(the"2018A-2 Bonds,"and,together with the 2018A-1 Bonds,the "Bonds")as follows(terms used and not otherwise defined herein shall have the meaning ascribed to such terms in the Bond Purchase Agreement): 1. Edwin Hubbard is the duly appointed and acting Chairman of, and is a duly appointed and acting Secretary to, the Board of Supervisors of the District, authorized by resolution of the Board of Supervisors of the District pursuant to the Act to be custodian of all bonds,documents and papers filed with the District and the official seal of the District. 2. The following named persons are as of the date hereof the duly elected or appointed,qualified and acting members of the Board of Supervisors of the District: Current Term Commenced Term Expires Name Title November November Edwin Hubbard Chairman 2016 2020 John C.May Vice Chairman 2014 2018 F.Jack Arcurie Assistant Secretary 2016 2020 Donna Hunter Assistant Secretary 2018 2020 Dennis Gagne Assistant Secretary 2014 2018 C-1 1411A 3. The following named persons are the only designated, elected or appointed, qualified and acting officers of the Board of Supervisors of the District, holding the office of appointment set forth opposite their names,respectively: Name Title Edwin Hubbard Chairman John C.May Vice Chairman F.Jack Arcurie Assistant Secretary Donna Hunter Assistant Secretary Dennis Gagne Assistant Secretary Justin Faircloth Secretary Each of said persons since his appointment as aforesaid has been and now is the duly designated and qualified officer of the Board of Supervisors of the District holding the office set forth opposite his name,and if required to file an oath of office,has done so. 4. The seal,an impression of which appears below,was duly adopted by the District as its official seal and is the only legally adopted,proper and official seal of the District. 5. The Board of Supervisors of the District, at duly called and held meetings of the Board of Supervisors of the District on March ,2018,duly adopted Resolution No. 2018 a true and correct copy of which is attached hereto(the"Bond Resolution"),which Bond Resolution remains in full force and effect on the date hereof. 6. The Board of Supervisors of the District, at duly called and held meetings of the Board of Supervisors of the District on and ,duly adopted Resolution Nos. , and , respectively, true and correct copies of which are attached hereto (collectively, the "Assessment Resolutions"), which Assessment Resolutions remain in full force and effect on the date hereof. The District has complied with the provisions of Chapters 170, 190 and 197, Florida Statutes, related to the imposition, levy, collection and enforcement of the Series 2018 Assessments. 7. Upon authentication and delivery of the 2018 Bonds, the District will not be in default in the performance of the terms and provisions of the Bond Resolution, the Assessment Resolutions or the Indenture. 8. Each of the representations and warranties made by the District in the Bond Purchase Agreement is, to the best of our knowledge and belief, true and accurate on and as of this date. C-2 16114 ' 9. The District has complied with all the agreements and satisfied all the conditions on its part to be complied with on or before the date hereof for delivery of the 2018 Bonds pursuant to the Bond Purchase Agreement,the Bond Resolution and the Indenture. 10. To the best of our knowledge,since the date of the Official Statement,no material and adverse change has occurred in the business, properties, other assets and financial position of the District or results of operations of the District;and to the best of our knowledge,the District has not,since the date of the Official Statement,incurred any material liabilities other than as set forth in or contemplated by the Official Statement. 11. To the best of our knowledge, the statements appearing in the Official Statement did not as of its date and do not as of the date hereof contain an untrue statement of a material fact or omit to state a material fact required to be included therein or necessary in order to make the statements contained therein, in light of the circumstances in which they were made, not misleading; provided, however, that no representation is made with respect to information concerning the Insurer or The Depository Trust Company or its book-entry only system. Subject to the foregoing limitations, nothing has come to our attention which would lead us to believe that the Official Statement,as of its date or as of the date hereof contained an untrue statement of a material fact, or omitted to state a material fact required to be stated therein or necessary to make the statements therein, in light of the circumstances in which they were made not misleading. 12. Except as set forth in the Official Statement, on the date hereof, no litigation or other proceedings are pending or, to the knowledge of the District, threatened in or before any agency, court or tribunal, state or federal, (a) restraining or enjoining or seeking to restrain or enjoin the issuance, sale, execution or delivery of any of the 2018 Bonds or the imposition, levy and collection of the Series 2018 Assessments or the pledge thereof to the payment of the principal of and premium, if any,and interest on the 2018 Bonds, (b)questioning or affecting the validity of any provision of the 2018 Bonds, the Bond Resolution, the Assessment Resolutions, the Financing Documents, and the Series 2018 Assessments, as those documents are defined in the Bond Purchase Agreement, (c) questioning or affecting the validity of any of the proceedings or the authority for the authorization, sale,execution or delivery of the 2018 Bonds, (d)questioning or affecting the organization or existence of the District or the title of any of its officers to their respective offices or any powers of the District under the laws of the State of Florida,(e)contesting or affecting the Series 2018 Assessments, (f) contesting the accuracy or completeness of the Preliminary Official Statement or the Official Statement or any amendment or supplement thereto, (g) contesting the exclusion of interest on the 2018 Bonds from federal income taxation, or (h) contesting the exemption from taxation of the 2018 Bonds and the interest thereon under Florida law or the legality for investment therein. C-3 y'a "I 1 IN WITNESS WHEREOF, we have hereunder set our hands this day of , 2018. By: Edwin Hubbard Chairman,Board of Supervisors Heritage Bay Community Development District By: Justin Faircloth Secretary to Board of Supervisors I leritage Bay Community Development District C-4 16 ' 1AZ EXHIBIT D FORM OF DISTRICT COUNSEL OPINION [TO COME] D-1 1611A2 EXHIBIT E CERTIFICATE OF INFRAMARK MANAGEMENT SERVICES I, of Inframark Management Services, do hereby certify to Heritage Bay Community Development District(the'District")and Raymond James& Associates, Inc. (the "Underwriter") in connection with the issuance, sale and delivery by the District on this date of$ Capital Improvement Revenue Refunding Bonds,Series 2018A-1 (the "2018A-1 Bonds") and $ Capital Improvement Revenue Bonds, Series 2018A-2 (the "2018A-2 Bonds," and, together with the 2018A-1 Bonds, the "Bonds") as follows (terms used and not otherwise defined herein shall have the meaning ascribed to such term in the Official Statement dated ,2018(the"Official Statement")of the District relating to the 2018 Bonds): (1) Inframark Management Services has been retained by the District to prepare the Assessment Allocation Report for the Series 2018 Bonds dated January 19,2018,comprising a part of the assessment proceedings of the District relating to the Series 2018 Assessments (the "Report"): (ii) The Series 2018 Assessments when,as and if finally determined in accordance with the methodology set forth in such report,will he sufficient to meet the debt service requirements on the 2018 Bonds. Additionally,the Series 2018 Assessments are fairly and reasonably allocated and the benefit received from the project financed with the Series 2014 Bonds exceeds the burden of the Series 2018 Assessments. (iii) Inframark Management Services consents to the use of the Report included as Appendix D to the Official Statement. (v) Inframark Management Services consents to the references to the firm in the Official Statement. (vi) The Report was prepared in accordance with all applicable provisions of Florida law. (vii) The information contained in the Official Statement under the captions "ENFORCEMENT OF ASSESSMENT COLLECTIONS"and "SERIES 2018 ASSESSMENT AREA" is true and correct in all material respects, and, such information does not contain any untrue statement of a material fact or omit to state any fact necessary in order to make the statements therein, in light of the circumstances under which they were made not misleading. E-1 1611A2 IN WITNESS WHEREOF, the undersigned has set his hand this day of ,2018. INFRAM ARK MANAGEMENT SERVICES By: Name: Title: E-2 1611A2 EXHIBIT F CERTIFICATE OF CPH,INC. I, of CPH, Inc., do hereby certify to Heritage Bay Community Development District (the "District") and Raymond James & Associates, Inc. (the "Underwriter")in connection with the issuance, sale and delivery by the District on this date of $ Capital Improvement Revenue Refunding Bonds,Series 2018A-1 (the"2018A- 1 Bonds") and $ Capital Improvement Revenue Bonds, Series 2018A-2 (the "2018A-2 Bonds,"and, together with the 2018A-1 Bonds,the"Bonds")as follows(terms used and not otherwise defined herein shall have the meaning ascribed to such term in the Official Statement dated ,2018(the"Official Statement")of the District relating to the 2018 Bonds): (i) CPH,Inc.has been retained by the District to prepare the Supplemental Engineer's Report for the Series 2018 Bonds dated January 19,2018,relating to the 2018 Project(the"Report"): (ii) CPH,Inc.consents to the use of the Report included as Appendix F to the Official Statement. (iii) CPH,Inc. consents to the references to the firm in the Official Statement. (iv) The Report was prepared in accordance with all applicable provisions of Florida law. (v) The Report sets forth the estimated cost of the 2018 Project and was prepared in accordance with generally accepted engineering practices. (vi) Except as defined in the Report,all permits,consents or licenses,and all notices to or filings with governmental agencies necessary for the construction and acquisition of the 2018 Project as described in the Official Statement required to be obtained or made have been obtained or it is reasonable to believe that they will be obtained or made when required. There is no reason to believe that any permits, consents, licenses or governmental approvals required to complete any portion of the 2018 Project as described in the Official Statement will nott he obtained as required. (vii) The proceeds of the 2018 Bonds deposited in the 2018 Project Account created under the Indenture together with the investment earnings thereon shall be sufficient to complete the portion of the 2018 Project to be financed with proceeds of the 2018 Bonds. (viii) The information contained in the Official Statement under the caption"THE 2018 PROJECT"and in Appendix E is true and correct in all material respects, and, such information does not contain any untrue statement of a material fact or omit to state any fact necessary in order to make the statements therein,in light of the circumstances under which they were made, not misleading. F-1 16I 1A2 IN WITNESS WHEREOF,the undersigned has set his hand this day of ,2018. CPH,INC. By: Name: Title: F-2 1611A2 EXHIBIT G FORM OF ISSUE PRICE CERTIFICATE HERITAGE BAY COMMUNITY DEVELOPMENT DISTRICT (Collier County,Florida) $ $ Capital Improvement Revenue Capital Improvement Revenue Bonds, Refunding Bonds,Series 2018A-1 Series 2018A-2 The undersigned, on behalf of Raymond James & Associates, Inc. ('Raymond James"), hereby certifies as set forth below with respect to the sale and issuance of the above-captioned obligations (the "Bonds"). Select appropriate provisions below: 1. [Alternative 11—All Maturities Use General Rule: Sale of the 2018 Bonds. As of the date of this certificate,for each Maturity of the 2018 Bonds,the first price at which at least 10%of such Maturity of the 2018 Bonds was sold to the Public is the respective price listed in Schedule A.][Alternative 22—Select Maturities Use General Rule:Sale of the General Rule Maturities. As of the date of this certificate,for each Maturity of the General Rule Maturities,the first price at which at least 10%of such Maturity of the 2018 Bonds was sold to the Public is the respective price listed in Schedule A.] 2. Initial Offering Price of the[Bonds][Hold-the-Offering-Price Maturities]. (a) [Alternative P—All Maturities Use Hold-the-Offering-Price Rule:Raymond James offered the 2018 Bonds to the Public for purchase at the respective initial offering prices listed in Schedule A(the "Initial Offering Prices") on or before the Sale Date. A copy of the pricing wire or equivalent communication for the 2018 Bonds is attached to this certificate as Schedule B.] [Alternative 2^— Select Maturities Use llold-the-Offering-Price Rule: Raymond James offered the Hold-the-Offering-Price Maturities to the Public for purchase at the respective initial offering prices listed in Schedule A(the"Initial Offering Prices")on or before the Sale Date. A copy of the pricing wire or equivalent communication for the 2018 Bonds is attached to this certificate as Schedule B.] 'If Alternative 1 is used,delete the remainder of paragraph 1 and all of paragraph 2 and renumber paragraphs accordingly. 2 If Alternative 2 is used,delete Alternative 1 of paragraph 1 and use each Alternative 2 in paragraphs 2(a)and(b). 9 If Alternative 1 is used,delete all of paragraph 1 and renumber paragraphs accordingly. 4 Alternative 2(a)of paragraph 2 should be used in conjunction with Alternative 2 in paragraphs 1 and 2(b). I-1 1611A2 (b) [Alternative 1-All Maturities use Hold-the-Offering-Price Rule: As set forth in the Bond Purchase Agreement, Raymond James agreed in writing that, (i) for each Maturity of the 2018 Bonds, it would neither offer nor sell any of the 2018 Bonds of such Maturity to any person at a price that is higher than the Initial Offering Price for such Maturity during the Holding Period for such Maturity(the"hold- the-offering-price rule"), and(ii)any selling group agreement shall contain the agreement of each dealer who is a member of the selling group,and any retail distribution agreement shall contain the agreement of each broker-dealer who is a party to the retail distribution agreement,to comply with the hold-the-offering- price rule. Pursuant to such agreement,no Underwriter(as defined below)has offered or sold any Maturity of the 2018 Bonds at a price that is higher than the respective Initial Offering Price for that Maturity of the 2018 Bonds during the Holding Period. [Alternative 2-Select Maturities Use Hold-the-Offering-Price Rule: As set forth in the Bond Purchase Agreement,Raymond James agreed in writing that,(i)for each Maturity of the Hold-the-Offering-Price Maturities, it would neither offer nor sell anys of the 2018 Bonds of such Maturity to any person at a price that is higher than the Initial Offering Price for such Maturity during the Holding Period for such Maturity(the"hold-the-offering-price rule"),and(ii)any selling group agreement shall contain the agreement of each dealer who is a member of the selling group,and any retail distribution agreement shall contain the agreement of each broker-dealer who is a party to the retail distribution agreement,to comply with the hold-the-offering-price rule. Pursuant to such agreement,no Underwriter (as defined below)has offered or sold any Maturity of the Hold-the-Offering-Price Maturities at a price that is higher than the respective Initial Offering Price for that Maturity of the 2018 Bonds during the Holding Period. 3. Defined Terms. [(a) General Rule Maturities means those Maturities of the 2018 Bonds listed in Schedule A hereto as the"General Rule Maturities."] [(b) Hold-the-Offering-Price Maturities means those Maturities of the 2018 Bonds listed in Schedule A hereto as the"Hold-the-Offering-Price Maturities."] [(c) Holding Period means, with respect to a Hold-the-Offering-Price Maturity, the period starting on the Sale Date and ending on the earlier of(i) the close of the fifth business day after the Sale Date([DATE]),or(ii)the date on which Raymond James has sold at least 10%,of such Hold-the-Offering- Price Maturity to the Public at prices that are no higher than the Initial Offering Price for such Hold-the- Offering-Price Maturity.] (d) Issuer means Heritage Bay Community Development District. (e) Maturity means Bonds with the same credit and payment terms. Bonds with different maturity dates, or Bonds with the same maturity date but different stated interest rates, are treated as separate maturities. (f) Public means any person(including an individual, trust,estate, partnership,association, company, or corporation) other than an Underwriter or a related party to an Underwriter. The term "related party"for purposes of this certificate generally means any two or more persons who have greater than 50 percent common ownership,directly or indirectly. (g) Sale Date means the first day on which there is a binding contract in writing for the sale of a Maturity of the 2018 Bonds. The Sale Date of the 2018 Bonds is ,2018. I-2 16IlA2 (S( (h) Underwriter means(i)any person that agrees pursuant to a written contract with the Issuer (or with the lead underwriter to form an underwriting syndicate)to participate in the initial sale of the 2018 Bonds to the Public,and(ii)any person that agrees pursuant to a written contract directly or indirectly with a person described in clause(i)of this paragraph to participate in the initial sale of the 2018 Bonds to the Public(including a member of a selling group or a party to a retail distribution agreement participating in the initial sale of the 2018 Bonds to the Public). 4. Reserve Account.A reserve account in an amount equal to the Series 2018 Reserve Account Requirement was necessary in order to market and sell the 2018 Bonds given the nature of the 2018 Bonds which are secured by special assessments and the delinquent assessment collection procedures related thereto. L 5. Bond Insurance. The present value of the Bond Insurance Policy premium paid to Assured Guaranty Municipal Corp. to obtain credit support for the Series 2018 Bonds maturing on and is less than the present value of the interest reasonably expected to be saved as a result of such credit support. The discount rate chosen from computing such present value is the Bond Yield as described in the District's Arbitrage Certificate. The representations set forth in this certificate are limited to factual matters only. Nothing in this certificate represents Raymond James' interpretation of any laws, including specifically Sections 103 and 148 of the Internal Revenue Code of 1986, as amended, and the Treasury Regulations thereunder. The undersigned understands that the foregoing information will be relied upon by the Issuer with respect to certain of the representations set forth in the Tax Certificate and with respect to compliance with the federal income tax rules affecting the 2018 Bonds,and by Bond Counsel in connection with rendering its opinion that the interest on the 2018 Bonds is excluded from gross income for federal income tax purposes, the preparation of Internal Revenue Service Form 8038-G,and other federal income tax advice it may give to the Issuer from time to time relating to the 2018 Bonds. RAYMOND JAMES&ASSOCIATES, INC. By: Name: ! Dated: [ISSUE DATE] I-3 16I 1A2 SCHEDULE A SALE PRICES OF THE GENERAL RULE MATURITIES AND INITIAL OFFERING PRICES OF THE HOLD-THE-OFFERING-PRICE MATURITIES (Attached) Schedule A to Exhibit I 161 l * SCHEDULE B PRICING WIRE OR EQUIVALENT COMMUNICATION (Attached) Schedule B to Exhibit I 161iA2 FORM 8038G STATISTICS (Attached) F-1 16l 1Ac PRELIMINARY OFFICIAL.STATEMENT DATED MARCH---.....>2018 , NEW ISSUE—BOOK-ENTRY ONLY See"RATINGS"herein. • In the opinion of Bond Counsel, under existing statutes,regulations,published rulings and court decisions, • and assuming continuing compliance by the District with the tax covenants set forth in the Indenture, and the accuracy of certain representations included in the closing transcript for the Series 2018 Bonds, interest on the Series 2018 Bonds is, under Section 103 of the Code, excludable from gross income for federal income tax purposes. O , Interest on the Series 2018 Bonds is not a specific preference item for purposes of the federal alternative minimum tax. However, see "TAX MATTERS" herein for a description of certain other federal tax consequences of • ownership of the Series 2018 Bonds. Bond Counsel is further of the opinion that, pursuant to the Act, the Series . 2018 Bonds and the interest thereon are exempt.from taxation under the laws of the State of Florida, except as to r. .? a estate taxes and taxes imposed by Chapter 220,Florida Statutes. HERITAGE BAY COMMUNITY DEVELOPMENT DISTRICT (COLLIER COUNTY,FLORIDA) 4.1 S 15 1.5 c: " CAPITAL IMPROVEMENT REVENUE CAPITAL IMPROVEMENT REVENUE ro REFUNDING BONDS,SERIES 2018A-1 BONDS,SERIES 2018A-2 Dated:Date of Original Issuance Due:May 1,as shown on inside cover 0 r. The$ *Heritage Bay Community Development District Capital Improvement .'; 5 Revenue Refunding Bonds, Series 2018A-1 (the "Series 2018A-1 Bonds") and the $ • r Heritage Bay Community Development District Capital Improvement Revenue Bonds, Series 2018A-2 (the "Series 2018A-2 Bonds" and, together with the Series 2018A-1 Bonds, the "Series 2018 Bonds") are r y' being issued by the Heritage Bay Community Development District(the"District")pursuant to a Master 6.1 Trust Indenture dated as of November 1, 2005 (the "Master Indenture") from the District to U.S. Bank c ;j! National Association, as successor in trust to Wachovia Bank, National Association (the "Trustee"), as supplemented by a Third Supplemental Trust Indenture dated as of April 1,2018,from the District to the • Trustee(the"Third Supplement" and, together with the Master Indenture, the "Indenture"). Capitalized ,V x • terms not defined herein shall have the meanings assigned to them in the Indenture. 47, The Series 2018 Bonds are being issued only in fully registered form, in denominations of$5,000 Y f or any integral multiple thereof. The Series 2018 Bonds will be dated their date of issuance and delivery to the initial purchasers thereof and will bear interest payable on each May 1 and November 1, commencing November 1,2018(each, an"Interest Payment Date")and shall be computed on the basis of a 360-day year of twelve 30-day months. The Series 2018 Bonds will mature on May 1 of such years, in E r t such amounts and at such rates as set forth on the inside cover page of this Official Statement. The Series 2018 Bonds,when issued,will be registered in the name of Cede&Co.,as registered owner and nominee '-1 for The Depository Trust Company ("DTC")of New York,New York. Purchases of beneficial interests in the Series 2018 Bonds will be made only in book-entry form. Accordingly,principal of and interest on the .. ti Series 2018 Bonds will be paid from the sources provided below by the Trustee directly to Cede&Co., as c • the nominee of DTC as the registered owner thereof. Disbursements of such payments to DTC's Direct Participants(as hereinafter defined) is the responsibility of DTC and disbursements of such payments to t = the beneficial owners is the responsibility of DTC's Direct Participants and the Indirect Participants (as r, r, Preliminary;subject to change. E .,• .G /Y 1611A2 hereinafter defined), as more fully described herein. Any purchaser of a beneficial interest in a Series 2018 Bond must maintain an account with a broker or dealer who is,or acts through,a DTC Participant to receive payment of the principal of and interest on such Series 2018 Bond. See"DESCRIPTION OF THE SERIES 2018 BONDS-Book-Entry Only System"herein. The District is a local unit of special purpose government of the State (as hereinafter defined), created pursuant to the Uniform Community Development District Act of 1980, Chapter 190, Florida Statutes, as amended (the "Act") and established by Ordinance No. 05-24 of the Board of County Commissioners of Collier County, Florida enacted on May 24, 2005,effective on [June 17,2005] [Greg to confirm date]. The Series 2018 Bonds are being issued by the District pursuant to the Act and Resolution No.2018-7 adopted by the District on March 19,2018(the"Resolution"). The Series 2018A-1 Bonds are being issued for the purpose of, together with other legally available moneys of the District: (i)currently refunding all of the Series 2014 Bonds (as defined herein); (ii)paying certain costs associated with the issuance of the Series 2018A-1 Bonds,including the premium for the Bond Insurance Policy(as defined herein);(iii)paying a portion of the interest first coming due on the Series 2018A-1 Bonds; and (iv) paying a portion of the premium for the Reserve Policy (as defined herein), if any,to be deposited to the Series 2018 Reserve Account, which shall be held for the benefit of all of the Series 2018 Bonds, and/or making a deposit into the Series 2018 Reserve Account to be held for the benefit of the owners of the Series 2018 Bonds. The Series 2018A-2 Bonds are being issued for the purpose of, together with other legally available moneys of the District: (i) financing the cost of constructing certain stormwater management and related improvements, as further described herein (the "Series 2018 Project"); (ii)paying in full the District's obligations under the 2015 Loan Agreement (as defined herein); (iii) paying certain costs associated with the issuance of the Series 2018A-2 Bonds, including the premium for the Bond Insurance Policy (as defined herein); (iv)paying a portion of the interest first coming due on the Series 2018A-2 Bonds; and (v) paying a portion of the premium for the Reserve Policy (as defined herein), if any, to be deposited to the Series 2018 Reserve Account to be held for the benefit of the owners of the Series 2018 Bonds, and/or making a deposit into the Series 2018 Reserve Account to be held for the benefit of the owners of the Series 2018 Bonds. See "PLAN OF REFUNDING," "THE SERIES 2018 PROJECT' and "ESTIMATED SOURCES AND USES OF FUNDS"herein. The Series 2018A-1 Bonds and Series 2018A-2 Bonds are payable on a parity, payable from and secured solely by the 2018 'frust Estate. The Series 2018 Trust Estate consists of (i) 2018 Pledged Revenues,being all revenues derived by the District from the Series 2018 Assessments(as defined herein) levied by the District which correspond to the debt service on the Series 2018 Bonds and (ii)the 2018 Pledged Funds,being all of the Funds and Accounts held under the Indenture(except for the 2018 Rebate Account). See"SECURITY FOR AND SOURCE OF PAYMENT OF THE SERIES 2018 BONDS"herein. The Series 2018A-1 Bonds are subject to optional, mandatory sinking fund and extraordinary mandatory redemption at the times, in the amounts and at the redemption prices as more fully described herein. The Series 2018A-2 Bonds are not subject to optional redemption but are subject to mandatory sinking fund and extraordinary redemption at the times, in the amounts and at the redemption prices as more fully described herein. See "DESCRIPTION OF THE SERIES 2018 BONDS-Redemption Provisions"herein. 16 $ 1A2 NEITHER THE SERIES 2018 BONDS NOR THE INTEREST AND PREMIUM,IF ANY,PAYABLE THEREON SHALL CONSTITUTE A GENERAL OBLIGATION OR GENERAL INDEBTEDNESS OF THE DISTRICT WITHIN THE MEANING OF THE CONSTITUTION AND LAWS OF FLORIDA. THE SERIES 2018 BONDS AND THE INTEREST AND PREMIUM, IF ANY, PAYABLE THEREON DO NOT CONSTITUTE EITHER A PLEDGE OF THE FULL FAITH AND CREDIT OF THE DISTRICT OR A LIEN UPON ANY PROPERTY OF THE DISTRICT OTHER THAN AS PROVIDED IN THE INDENTURE. NO OWNER OR ANY OTHER PERSON SHALL EVER HAVE THE RIGHT TO COMPEL THE EXERCISE OF ANY AD VALOREM TAXING POWER OF THE DISTRICT OR ANY OTHER PUBLIC AUTHORITY OR GOVERNMENTAL BODY TO PAY DEBT SERVICE OR TO PAY ANY OTHER AMOUNTS REQUIRED TO BE PAID PURSUANT TO THE INDENTURE OR THE SERIES 2018 BONDS. DEBT SERVICE AND ANY OTHER AMOUNTS REQUIRED TO BE PAID PURSUANT TO THE INDENTURE OR THE SERIES 2018 BONDS, SHALL BE PAYABLE SOLELY FROM, AND SHALL BE SECURED SOLELY BY, THE SERIES 2018 TRUST ESTATE PLEDGED TO THE SERIES 2018 BONDS. The scheduled payment of principal of and interest on all or a portion of the Series 2018 Bonds when due may be guaranteed under an insurance policy (the "Bond Insurance Policy") to be issued concurrently with the delivery of the Series 2018 Bonds by Assured Guaranty Municipal Corp. (the "Insurer"). The District will make the determination whether to purchase the Bond Insurance Policy to insure all or a portion of the Series 2018 Bonds, if any, and whether to purchase a Reserve Policy for all or a portion of the 2018 Reserve Account at the time the Series 2018 Bonds are marketed. See "POTENTIAL BOND INSURANCE" and "POTENTIAL RESERVE POLICY"herein. [INSERT INSURER LOGO] This cover page contains information for quick reference only. It is not a summary of the Series 2018 Bonds. Investors must read the entire Official Statement to obtain information essential to the making of an informed investment decision. The sale of the Series 2018 Bonds to the initial purchasers is subject to certain conditions precedent, including, without limitation, receipt of the opinion of Akerrnan LLP, Orlando, Florida, Bond Counsel, as to the validity of the Series 2018 Bonds and the excludability of interest thereon from gross income for federal income tax purposes. Certain legal matters will be passed upon for the District by its counsel, Coleman Yovanovich Koester, P.A., Naples, Florida. Bryant Miller Olive P.A., Orlando, Florida, is serving as Underwriter's Counsel. Certain legal matters will be passed upon.for the Trustee by its counsel Holland & Knight, LLP, Miami, Florida. Public Resources Advisory Group,Inc.,St.Petersburg,Florida is acting as Financial Advisor to the District. It is expected that the Series 2018 Bonds will be delivered in book-entry only form through the facilities of DTC on or about _,2018. Raymond James Dated: ,2018 1611A2 MATURITY DATES,PRINCIPAL AMOUNTS,INTEREST RATES, YIELDS,PRICES AND INITIAL CUSIP NUMBERS' HERITAGE BAY COMMUNITY DEVELOPMENT DISTRICT (COLLIER COUNTY,FLORIDA) CAPITAL IMPROVEMENT REVENUE REFUNDING BONDS, SERIES 2018A-1 $ Serial Bonds Initial Maturity Principal Interest CUSIP (May 1) Amount Rate Price Yield Number $ %Series 2018A-1 Term Bond Due May 1,20_-Yield: %-Price CUSIP No. $ %Series 2018A-1 Term Bond Due May 1,20_-Yield: %-Price CUSIP No. Preliminary,subject to change CUSIP numbers have been assigned to the Series 2018 Bonds by an organization not affiliated with the District and are included solely for the convenience of the owners of the Series 2018 Bonds. The District is not responsible for the selection,use or accuracy of the CUSIP numbers set forth herein. 1611A2 MATURITY DATES,PRINCIPAL AMOUNTS,INTEREST RATES, YIELDS,PRICES AND INITIAL CUSIP NUMBERS' CAPITAL IMPROVEMENT REVENUE BONDS, SERIES 2018A-2 $ Serial Bonds Initial Maturity Principal Interest CUSIP (May 1) Amount Rate Price Yield Number $ _%Series 2018A-2 Term Bond Due May 1,2022 -Yield: %-Price CUSIP No. Preliminary,subject to change CUSIP numbers have been assigned to the Series 2018 Bonds by an organization not affiliated with the District and are included solely for the convenience of the owners of the Series 2018 Bonds. The District is not responsible for the selection,use or accuracy of the CUSIP numbers set forth herein. 1611A2 HERITAGE BAY COMMUNITY DEVELOPMENT DISTRICT BOARD OF SUPERVISORS Edwin Hubbard,Chairman John C.May,Vice Chairman F.Jack Arcurie,Assistant Secretary Donna Hunter,Assistant Secretary Dennis Gagne,Assistant Secretary DISTRICT MANAGER/ASSESSMENT CONSULTANT Inframark Infrastructure Management Services Fort Myers,Florida DISTRICT ENGINEER CPH,Inc. Fort Myers,Florida DISTRICT COUNSEL Coleman Yovanovich Koester,P.A. Naples,Florida BOND COUNSEL Akerman T,I P Orlando,Florida UNDERWRITER'S COUNSEL Bryant Miller Olive P.A. Orlando,Florida FINANCIAL ADVISOR Public Resources Advisory Group,Inc. St.Petersburg,Florida 1611A NO DEALER, BROKER, SALESPERSON OR OTHER PERSON HAS BEEN AUTHORIZED BY THE DISTRICT,THE STATE OR THE UNDERWRITER TO GIVE ANY INFORMATION OR MAKE ANY REPRESENTATIONS, OTHER THAN THOSE CONTAINED IN THIS OFFICIAL STATEMENT,AND IF GIVEN OR MADE, SUCH OTHER INFORMATION OR REPRESENTATIONS MUST NOT BE RELIED UPON AS HAVING BEEN AUTHORIZED BY ANY OF THE FOREGOING. THIS OFFICIAL STATEMENT DOES NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY AND THERE SHALL BE NO OFFER, SOLICITATION OR SALE OF THE SERIES 2018 BONDS BY ANY PERSON IN ANY JURISDICTION IN WHICH IT IS UNLAWFUL FOR SUCH PERSON TO MAKE SUCH OFFER,SOLICITATION OR SALE. THE UNDERWRITER HAS PROVIDED THE FOLLOWING SENTENCE FOR INCLUSION IN THIS OFFICIAL STATEMENT. THE UNDERWRITER HAS REVIEWED THE INFORMATION IN THIS OFFICIAL STATEMENT IN ACCORDANCE WITH, AND AS PART OF, ITS RESPONSIBILITIES TO INVESTORS UNDER THE UNITED STATES FEDERAL SECURITIES LAWS AS APPLIED TO THE FACTS AND CIRCUMSTANCES OF THIS TRANSACTION. THE INFORMATION SET FORTH HEREIN HAS BEEN FURNISHED BY THE DISTRICT AND OBTAINED FROM SOURCES WHICH ARE BELIEVED BY THE DISTRICT AND THE UNDERWRITER TO BE RELIABLE, BUT IT IS NOT GUARANTEED AS TO ACCURACY OR COMPLETENESS, AND IS NOT TO BE CONSTRUED AS A REPRESENTATION OF THE UNDERWRITER. THE INFORMATION AND EXPRESSIONS OF OPINION HEREIN ARE SUBJECT TO CHANGE WITHOUT NOTICE,AND NEITHER THE DELIVERY OF THIS OFFICIAL STATEMENT, NOR ANY SALE MADE HEREUNDER, SHALL, UNDER ANY CIRCUMSTANCES, CREATE ANY IMPLICATION THAT THERE HAS BEEN NO CHANGE IN THE AFFAIRS OF THE DISTRICT SINCE THE DATE HEREOF. The following information has been furnished by Insurer for use in this Official Statement: The Insurer makes no representation regarding the Series 2018 Bonds or the advisability of investing in the Series 2018 Bonds. In addition, the Insurer has not independently verified, makes no representation regarding, and does not accept any responsibility for the accuracy or completeness of this Official Statement or any information or disclosure contained herein, or omitted herefrom, other than with respect to the accuracy of the information regarding the Insurer supplied by the Insurer and presented under the heading "POTENTIAL BOND INSURANCE" herein and "APPENDIX G - SPECIMEN MUNICIPAL BOND INSURANCE POLICY"attached hereto. IN CONNECTION WITH THIS OFFERING OF THE SERIES 2018 BONDS, THE UNDERWRITERS MAY OVER-ALLOT OR EFFECT TRANSACTIONS WHICH STABILIZE OR MAINTAIN THE MARKET PRICE OF THE SERIES 2018 BONDS AT A LEVEL ABOVE THAT WHICH MIGHT OTHERWISE PREVAIL IN THE OPEN MARKET. SUCH STABILIZING, IF COMMENCED, MAY BE DISCONTINUED AT ANY TIME. THE SERIES 2018 BONDS HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT") NOR HAS THE INDENTURE BEEN QUALIFIED UNDER THE TRUST INDENTURE ACT OF 1939,AS AMENDED,IN RELIANCE UPON EXEMPTIONS CONTAINED IN SUCH LAWS. THE REGISTRATION OR QUALIFICATION OF THE SERIES 2018 BONDS UNDER THE SECURITIES LAWS OF ANY JURISDICTION IN WHICH THEY MAY BE REGISTERED OR QUALIFIED, IF ANY, SHALL NOT BE REGARDED AS A RECOMMENDATION THEREOF. NONE OF SUCH JURISDICTIONS, OR ANY OF THEIR AGENCIES,WILL HAVE PASSED 16I1A . UPON THE MERITS OF THE SERIES 2018 BONDS OR THE ACCURACY OR COMPLETENESS OF THIS OFFICIAL STATEMENT. CERTAIN STATEMENTS INCLUDED OR INCORPORATED BY REFERENCE IN THIS OFFICIAL STATEMENT CONSTITUTE "FORWARD-LOOKING STATEMENTS" WITHIN THE MEANING OF THE UNITED STATES PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995, SECTION 21E OF THE UNITED STATES EXCHANGE ACT OF 1934, AS AMENDED, AND SECTION 27A OF THE SECURITIES ACT. SUCH STATEMENTS ARE GENERALLY IDENTIFIABLE BY THE TERMINOLOGY USED SUCH AS "PLAN," "EXPECT," "ESTIMATE," "PROJECT," "ANTICIPATE," "BUDGET" OR OTHER SIMILAR WORDS. THE ACHIEVEMENT OF CERTAIN RESULTS OR OTHER EXPECTATIONS CONTAINED IN SUCH FORWARD-LOOKING STATEMENTS INVOLVE KNOWN AND UNKNOWN RISKS,UNCERTAINTIES AND OTHER FACTORS WHICH MAY CAUSE ACTUAL RESULTS, PERFORMANCE OR ACHIEVEMENTS DESCRIBED TO BE MATERIALLY DIFFERENT FROM ANY FUTURE RESULTS,PERFORMANCE OR ACHIEVEMENTS EXPRESSED OR IMPLIED BY SUCH FORWARD-LOOKING STATEMENTS. THE DISTRICT DOES NOT PLAN TO ISSUE ANY UPDATES OR REVISIONS TO THOSE FORWARD-LOOKING STATEMENTS IF OR WHEN ANY OF SUCH EXPECTATIONS OR EVENTS, CONDITIONS OR CIRCUMSTANCES ON WHICH SUCH STATEMENTS ARE BASED OCCUR, OTHER THAN AS DESCRIBED UNDER "CONTINUING DISCLOSURE"HEREIN. THE ORDER AND PLACEMENT OF MATERIALS IN THIS OFFICIAL STATEMENT, INCLUDING THE APPENDICES, ARE NOT TO BE DEEMED A DETERMINATION OF RELEVANCE, MATERIALITY OR IMPORTANCE, AND THIS OFFICIAL STATEMENT, INCLUDING THE APPENDICES, MUST BE CONSIDERED IN ITS ENTIRETY. THE CAPTIONS AND HEADINGS IN THIS OFFICIAL STATEMENT ARE FOR CONVENIENCE OF REFERENCE ONLY AND IN NO WAY DEFINE, LIMIT OR DESCRIBE THE SCOPE OR INTENT, OR AFFECT THE MEANING OR CONSTRUCTION,OR ANY PROVISIONS OR SECTION IN THIS OFFICIAL STATEMENT. THIS OFFICIAL STATEMENT IS BEING PROVIDED TO PROSPECTIVE PURCHASERS EITHER IN BOUND PRINTED FORM ("ORIGINAL BOUND FORMAT") OR IN ELECTRONIC FORMAT ON THE FOLLOWING WEBSITES: WWW.MUNIOS.COM AND WWW.EMMA.MSRB.ORG. THIS OFFICIAL STATEMENT MAY BE RELIED UPON ONLY IF IT IS IN ITS ORIGINAL BOUND FORMAT OR AS PRINTED IN ITS ENTIRETY DIRECTLY FROM SUCH WEBSITE. REFERENCES TO WEBSITE ADDRESSES PRESENTED HEREIN, INCLUDING THE DISTRICT'S WEBSITE OR ANY OTHER WEBSITE CONTAINING INFORMATION ABOUT THE DISTRICT, ARE FOR INFORMATIONAL PURPOSES ONLY AND MAY BE IN THE FORM OF A HYPERLINK SOLELY FOR THE READER'S CONVENIENCE. UNLESS SPECIFIED OTHERWISE, SUCH WEBSITES AND THE INFORMATION OR LINKS CONTAINED THEREIN ARE NOT INCORPORATED INTO, AND ARE NOT PART OF, THIS OFFICIAL STATEMENT FOR ANY PURPOSE INCLUDING FOR PURPOSES OF RULE 15C2-12 PROMULGATED BY THE SECURITIES AND EXCHANGE COMMISSION. 16I1A2 TABLE OF CONTENTS Page INTRODUCTION 1 General 1 Description of the Bonds 2 Purpose of the Bonds 2 Security for the Bonds 3 Series 2018 Reserve Account 3 The District 3 Continuing Disclosure 4 Other Information 4 SUITABILITY FOR INVESTMENT 4 PLAN OF REFUNDING 4 THE SERIES 2018 PROJECT 5 General 5 Zoning and Permitting 6 Deferred Cost Liability 6 DESCRIPTION OF THE SERIES 2018 BONDS 7 Redemption Provisions 7 Notice of Redemption 10 Book-Entry Only System 10 SECURITY FOR AND SOURCE OF PAYMENT OF THE SERIES 2018 BONDS 13 General 13 Parity Bonds 13 Reserve Fund 14 Deposit and Application of 2018 Pledged Revenues 15 Investments 16 Enforcement of Payment of Assessments 16 Covenant Regarding Collection of Assessments 16 Prepayment of Assessments 16 [Adjustments to Assessments Error!Bookmark not defined. Re-Assessment 17 The Insurer Deemed Owner of Insured Bonds for Certain Purposes under the Indenture 17 Enforcement and Collection of Series 2018 Assessments 17 Prepayment 18 [Additional Covenant of the District Regarding Special Assessments 18 POTENTIAL BOND INSURANCE 18 The Bond Insurance Policy 18 Assured Guaranty Municipal Corp 19 POTENTIAL RESERVE POLICY 21 MUNICIPAL BOND INSURANCE RISK FACTORS 21 THE DISTRICT 21 General 21 Legal Powers and Authority 22 Board of Supervisors 22 The District Manager and Other Consultants 23 Stormwater Infrastructure 24 16I 1 A 2 Amenities 24 HB Master Association 24 Prior Defaulted Bonds 25 THE SERIES 2018 ASSESSMENTS 25 General 25 Assessed Value of Land in Assessment Area 25 Series 2018 Assessments by Product Type 25 Assessment Collection History 27 Top Ten Taxpayers 27 Overlapping Taxes and Operations and Maintenance Assessments 27 ENFORCEMENT OF ASSESSMENT COLLECTIONS 28 General 28 Direct Billing&Foreclosure Procedure 29 Uniform Method Procedure 29 BONDOWNERS'RISKS 32 Limited Pledge 32 Bankruptcy and Related Risks 33 Delay and Discretion Regarding Remedies 33 Limitation on Funds Available to Exercise Remedies 33 Determination of Land Value upon Default 34 Landowner Challenge of Assessed Valuation 34 Failure to Comply with Assessment Proceedings 34 Other Taxes 35 Inadequacy of Reserve 33 Damage to District from Natural Disasters 35 Limited Secondary Market 36 Interest Rate Risk;No Rate Adjustment for Taxability 36 IRS Audit and Examination Risk 36 Florida Village Center TAM 37 Legislative Proposals and State lax Reform 38 Loss of Exemption from Securities Registration 38 Performance of District Professionals 38 Mortgage Default and FDIC 39 ESTIMATED SOURCES AND USES OF FUNDS 40 DEBT SERVICE REQUIREMENTS 41 TAX MATTERS 42 AGREEMENT BY THE STATE 43 LEGALITY FOR INVESTMENT 43 ENFORCEABILITY OF REMEDIES 43 LITIGATION 43 CONTINGENT FEES 43 RATINGS 44 EXPERTS 44 FINANCIAL STATEMENTS 44 DISCLOSURE REQUIRED BY FLORIDA BLUE SKY REGULATIONS 44 CONTINUING DISCLOSURE 44 UNDERWRITING 45 VALIDATION 45 LEGAL MATTERS 45 ii 161 112 MISCELLANEOUS 46 AUTHORIZATION AND APPROVAL 47 APPENDIX A: COPY OF MASTER INDENTURE AND FORM OF THIRD SUPPLEMENT APPENDIX B: FORM OF OPINION OF BOND COUNSEL APPENDIX C: AUDITED FINANCIAL STATEMENTS OF THE DISTRICT FOR THE FISCAL YEAR ENDED SEPTEMBER 30,2016 APPENDIX D: ASSESSMENT REPORT APPENDIX E: ENGINEER'S REPORT APPENDIX F: FORM OF CONTINUING DISCLOSURE AGREEMENT APPENDIX G: SPECIMEN MUNICIPAL BOND INSURANCE POLICY iii 16I1A2 OFFICIAL STATEMENT HERITAGE BAY COMMUNITY DEVELOPMENT DISTRICT (COLLIER COUNTY,FLORIDA) $ • $ CAPITAL IMPROVEMENT REVENUE CAPITAL IMPROVEMENT REVENUE REFUNDING BONDS,SERIES 2018A-1 BONDS,SERIES 2018A-2 INTRODUCTION General The purpose of this Official Statement, including the cover page, inside cover page, and appendices attached hereto,is to set forth certain information in connection with the offering for sale by the Heritage Bay Community Development District(the"District"or"Issuer")of its$ * Heritage Bay Community Development District Capital Improvement Revenue Refunding Bonds,Series 2018A-1 (the"Series 2018A-1 Bonds")and$ *Heritage Bay Community Development District Capital Improvement Revenue Bonds, Series 2018A-2 (the "Series 2018A-2 Bonds" and, together with the Series 2018A-1 Bonds,the"Series 2018 Bonds"). This introduction is not a summary of this Official Statement and is intended only for quick reference. It is only a brief description of and guide to,and is qualified in its entirety by reference to, the more complete and detailed information contained in the entire Official Statement, including the cover page and the appendices attached hereto, and the documents summarized or described herein. A full review should be made of the entire Official Statement and of the documents summarized or described herein,if necessary. The offering of the Series 2018 Bonds to potential investors is made only by means of the entire Official Statement, including the appendices attached hereto. No person is authorized to detach this Introduction from the Official Statement or to otherwise use it without the entire Official Statement including the appendices attached hereto. The Series 2018 Bonds are being issued by the District pursuant to the Uniform Community Development District Act of 1980, Chapter 190, Florida Statutes, as amended (the "Act") and Resolution No.2018-7 adopted by the Board of Supervisors of the District (the "Board") on March 19, 2018, (the "Resolution"), and a Master Trust Indenture dated as of November 1,2005(the"Master Indenture") from the District to U.S. Bank National Association, as successor in trust to Wachovia Bank, National Association (the "Trustee"), as supplemented by a Third Supplemental Trust Indenture dated as of 1,2018,from the District to the Trustee(the"Third Supplement"and,together with the Master Indenture, the "Indenture"). All capitalized terms used in this Official Statement that are not defined herein shall have the respective meanings set forth in the Indenture. See "APPENDIX A-COPY OF MASTER INDENTURE AND FORM OF THIRD SUPPLEMENT"attached hereto. * Preliminary;subject to change. liI1A2 Description of the Bonds The Series 2018 Bonds are being issued only in fully registered form,in denominations of$5,000 or any integral multiple thereof,will be dated their date of issuance and delivery to the initial purchasers thereof and will bear interest payable on each May 1 and November 1, commencing November 1, 2018 (each,art"interest Payment Date"),which shall be computed on the basis of a 360-day year of twelve 30- day months. The Series 2018 Bonds will mature on May 1 of such years, in such amounts and at such rates as set forth on the inside cover page of this Official Statement. The Series 2018 Bonds, when issued, will be registered in the name of Cede Sr Co., as registered owner and nominee for The Depository Trust Company ("DTC"), New York, New York. Purchases of beneficial interests in the Series 2018 Bonds will be made only in book-entry form. Accordingly,principal of and interest on the Series 2018 Bonds will be paid from the sources provided below by the Trustee directly to Cede (Sr Co., as the nominee of DTC as the registered owner thereof. Disbursements of such payments to DTC's Direct Participants (as hereinafter defined) is the responsibility of DTC and disbursements of such payments to the beneficial owners is the responsibility of DTC's Direct Participants and the Indirect Participants(as hereinafter defined),as more fully described herein. Any purchaser of a beneficial interest in a Series 2018 Bond must maintain an account with a broker or dealer who is,or acts through, a DTC Participant to receive payment of the principal of and interest on such Series 2018 Bond. See"DESCRIPTION OF THE SERIES 2018 BONDS-Book-Entry Only System"herein. The Series 2018A-1 Bonds are subject to optional, mandatory sinking fund and extraordinary mandatory redemption at the times, in the amounts and at the redemption prices as more fully described herein. The Series 2018A-2 Bonds are not subject to optional redemption but are subject to mandatory sinking fund and extraordinary redemption at the times, in the amounts and at the redemption prices as more fully described herein. See "DESCRIPTION OF THE SERIES 2018 BONDS—Redemption Provisions"herein. Purpose of the Bonds The Series 2018A-1 Bonds are being issued for the purpose of, together with other legally available moneys of the District: (i) currently refunding all of the Series 2014 Bonds (as defined herein); (ii)paying certain costs associated with the issuance of the Series 2018A-1 Bonds, including the premium for the Bond Insurance Policy(as defined herein);(iii)paying a portion of the interest first coming due on the Series 2018A-1 Bonds; and (iv) paying a portion of the premium for the Reserve Policy (as defined herein),if any, to be deposited to the Series 2018 Reserve Account, which shall be held for the benefit of all of the Series 2018 Bonds, and/or making a deposit into the Series 2018 Reserve Account to be held for the benefit of the owners of the Series 2018A-1 Bonds. The Series 2018A-2 Bonds are being issued for the purpose of, together with other legally available moneys of the District: (i) financing the cost of constructing certain stormwater management and related improvements, as further described herein (the "Series 2018 Project"); (ii)paying in full the District's obligations under the 2015 Loan Agreement (as defined herein); (iii) paying certain costs associated with the issuance of the Series 2018A-2 Bonds,including the premium for the Bond Insurance Policy (as defined herein); (iv)paying a portion of the interest first coming due on the Series 2018A-2 Bonds; and (v) paying a portion of the premium for the Reserve Policy (as defined herein), if any, to be deposited to the Series 2018 Reserve Account to be held for the benefit of the owners of the Series 2018 Bonds, and/or making a deposit into the Series 2018 Reserve Account to be held solely for the benefit of 2 1bI1A2 the owners of the Series 2018 Bonds. See "PLAN OF REFUNDING," "THE SERIES 2018 PROJECT" and "ESTIMATED SOURCES AND USES OF FUNDS"herein. Security for the Bonds The Series 2018 Bonds are payable from and secured solely by the Series 2018 Trust Estate. The Series 2018 Trust Estate consists of(i)2018 Pledged Revenues,being all revenues received by the District from the Series 2018 Assessments levied by the District which correspond to the debt service on the Series 2018 Bonds and (ii) the 2018 Pledged Funds being all of the Funds and Accounts held under the Indenture(except for the 2018 Rebate Account). See"SECURITY FOR AND SOURCE OF PAYMENT OF THE SERIES 2018 BONDS"herein. The scheduled payment of principal of and interest on all or a portion of the Series 2018 Bonds when due may be guaranteed under an insurance policy (the "Bond Insurance Policy") to be issued concurrently with the delivery of the Series 2018 Bonds by Assured Guaranty Municipal Corp. (the "Insurer"). The District will make the determination whether to purchase the Bond Insurance Policy for all or a portion of the Series 2018 Bonds,if any,at the time the Series 2018 Bonds are marketed. See"POTENTIAL BOND INSURANCE"herein. Series 2018 Reserve Account The Series 2018 Reserve Account will either be fully funded in cash from proceeds of the Series 2018 Bonds, fully satisfied by a debt service reserve surety policy (the "Reserve Policy") issued by the Insurer, or partially funded in cash and partially satisfied by the deposit of a Reserve Policy. See "SECURITY FOR AND SOURCE OF PAYMENT OF THE SERIES 2018 BONDS—Reserve Fund"herein. The District zvill make the determination whether to fund the Series 2018 Reserve Account from cash or the deposit of a Reserve Policy,or a combination of both cash and the Reserve Policy,at the time the Series 2018 Bonds are marketed. See "POTENTIAL BOND INSURANCE"herein. The District The District is a local unit of special purpose government of the State of Florida (the "State"), created pursuant to the Act and established by Ordinance No. 05-24 of the Board of County Commissioners of Collier County, Florida (the"County")enacted on May 24,2005,effective on [June 17, 20051(the"Establishing Ordinance"). The District was established for the purpose of,among other things, financing and managing the design, acquisition, construction, maintenance, and operation of systems, facilities and basic infrastructure within and without the boundaries of the premises to be governed by the District and related professional fees and other costs. The District is governed by the Board and managed by Inframark Infrastructure Management Services (the "District Manager"). The District Manager is also the District's assessment consultant(in such capacity,the"Assessment Consultant"). For more complete information about the District, the Board and the District Manager,see"THE DISTRICT" herein. 3 16f1A2 Continuing Disclosure The District has covenanted in the Indenture to comply with the continuing disclosure requirements contained in Securities and Exchange Commission Rule 15c2-12 ("Rule 15c2-12"). The District Manager will act as the dissemination agent under the Continuing Disclosure Agreement and will enter into a Continuing Disclosure Agreement at the time of issuance of the Series 2018 Bonds (the "Continuing Disclosure Agreement.") See "CONTINUING DISCLOSURE" herein and "APPENDIX F-FORM OF CONTINUING DISCLOSURE AGREEMENT"attached hereto. Other Information There follows in this Official Statement a brief description of the Insurer, the Bond Insurance Policy, the Reserve Policy, the District, the Series 2018 Project, the Series 2018 Assessment Area and summaries of the terms of the Series 2018 Bonds, the Indenture, the Series 2018 Assessments, certain provisions of the Act and certain provisions of general law regarding the assessment and collection of Special Assessments such as the Series 2018 Assessments. All references herein to the Indenture, the Act and general law are qualified in their entirety by reference to such documents and statutes, and all references to the Series 2018 Bonds are qualified by reference to the definitive form thereof and the information with respect thereto contained in the Indenture. All references to the Supplemental Engineer's Report dated January 19, 2018 (the "Engineer's Report"), prepared by CPH,Inc.,as the District's engineer(the"District Engineer")and to the Assessment Allocation Report for the Series 2018 Bonds, dated January 19, 2018 (the "Assessment Report") prepared by the Assessment Consultant are qualified in their entirety by reference to such reports,copies of which are attached hereto as APPENDICES E and D,respectively. A copy of the Master Indenture and the form of the Third Supplement are attached hereto collectively as APPENDIX A. This Official Statement speaks only as of its date and the information contained herein is subject to change. SUITABILITY FOR INVESTMENT Investment in the Series 2018 Bonds poses certain economic risks. See "BONDWNERS' RISKS" herein. No dealer, broker, salesman or other person has been authorized by the District or the Underwriter to give any information or make any representations, other than those contained in this Official Statement. Additional information will be made available to each prospective investor,including the benefit of a site visit to the District, and the opportunity to ask questions of the District, as such prospective investor deems necessary in order to make an informed decision with respect to the purchase of the Series 2018 Bonds. PLAN OF REFUNDING The District previously issued the Series 2014 Bonds for the purpose of refunding the Series 2005 Bonds. The Series 2005 Bonds were issued for the purpose of financing the acquisition of a portion of the public infrastructure for the District which includes stormwater management, sewer and wastewater management, water distribution, landscaping, irrigation and related improvements (the "2005 Project"). The 2005 Project was completed in . The Series 2014 Bonds are currently outstanding in the 4 16I1AZ principal amount of$ . Concurrently with the delivery of the Series 2018 Bonds,a portion of the proceeds of the Series 2018A-1 Bonds,together with other legally available moneys,will be applied to the refunding of all of the Series 2014 Bonds. See "ESTIMATED SOURCES AND USES OF FUNDS" herein. The Series 2018 Assessments have been allocated to the benefited property based upon the apportionment by the Board of the special benefits to the parcels of property relying on the methodology developed with respect to the Series 2005 Bonds and the Series 2014 Bonds. The purpose of the refunding of the Series 2014 Bonds is to restructure the Series 2014 Bond amortization to eliminate the balloon payment due in the year 2029. The Series 2018A-1 Bonds will amortize over the original life of the Series 2005 Bonds which would have finally matured on May 1,2036. The District previously delivered a Note (the "2015 Note") and entered into a Loan Agreement dated as of September 10, 2015 (the "2015 Loan Agreement") between the District and Valley National Bank,as successor to CNLBank, for the purpose of financing improvements to bridge retaining walls(the "2015 Project"). The 2015 Project was completed on . The 2015 Note is currently outstanding in the principal amount of $ . Concurrently with the delivery of the Series 2018 Bonds, a portion of the proceeds of the Series 2018A-2 Bonds,together with other legally available moneys,will be applied to the refunding of the 2015 Note. See"ESTIMATED SOURCES AND USES OF FUNDS"herein. THE SERIES 2018 PROJECT Detailed information concerning the Series 2018 Project is contained in the Engineer's Report attached hereto as Appendix E. The information in this section relating to the Series 2018 Project is qualified in its entirety by reference to such Engineer's Report,which should be rend in its entirety. General The Series 2018 Project includes stormwater management and drainage improvements primarily associated with the reconstruction of certain lake embankment stabilization improvements in the District. These improvements include reconstruction of approximately 8,300 linear feet of lake bank, including hauling fill to the lake banks,installing "rip rap" and other associated improvements,5,318 linear feet of regular lake bank restoration, 2,982 linear feet of emergency repairs due to damage caused by Hurricane Irma in 2017 and modifications to two existing control structures, serving as outfalls for Lake 30. A summary of the estimated construction costs of the Series 2018 Project, as set forth in the Engineer's Report,is set forth below: Summary of Estimated Construction Costs for Series 2018 Projector Project Description Estimated Costs NON-ROUTINE LONG TERM RESTORATION Construction&Materials $1,314,480.48 Professional Services&Permitting 43,350.00 EMERGENCY REPAIRS Construction&Materials 1,717,179.50 Professional Services&Permitting 105,450.00 5 1611A2 CONTROL STRUCTURE MODIFICATION Construction&Materials 38,250.00 Professional Services&Permitting 21,450.00 BRIDGE WALL REPAIRS 286,372.00 Contingency(10%) 352,653.20 Total $3,879,185.18 (1) This estimate of construction costs is an estimate only and not a guaranteed maximum price.It includes costs associated with professional fees such as planning, design, administration, and legal fees. Fluctuations in costs are expected depending upon labor market,cost of equipment and materials,and construction processes necessary to complete the work. The District Engineer has stated in the Engineer's Report that the costs of the Series 2018 Project shown above are reasonable for the work to be performed and benefit the developable real property in the District. Zoning and Permitting Below is a list of permits necessary to complete the Series 2018 Project and the status of each such permit. The District Engineer has stated in its report attached hereto as Appendix B that these are the development approvals required for the Series 2018 Project. Status of Project Approvals for Series 2018 Project Required Approval Regulatory Authority Approval Status Environmental Resource Permit Modification South Florida Water Management Approved for Regular Lake Bank Maintenance District Environmental Resource Permit Modification South Florida Water Management Approved for Emergency Lake Bank Repair District Environmental Resource Permit Control South Florida Water Management Approved Structure Modification District Source: Engineer's Report Deferred Cost Liability In prior years, in connection with the 2005 Project, the original developer advanced certain amounts to the District for construction of the 2005 Project. As of September 30, 2017,a liability balance of$ remained with respect thereto. On or before the issuance of the Series 2018 Bonds, the District will pay to the developer$ pursuant to the to be entered into between the developer and the District in full satisfaction of the remaining balance of such deferred cost and there will no longer be a deferred cost liability with respect to the 2005 Project. 6 1611A � DESCRIPTION OF THE SERIES 2018 BONDS The Series 2018 Bonds are issuable as fully registered bonds,without coupons,in denominations of$5,000 or any multiple thereof,will be dated their date of issuance and delivery to the initial purchasers thereof and will bear interest payable on each May 1 and November 1, commencing November 1, 2018 (each, an"Interest Payment Date"),which shall be computed on the basis of a 360-day year of twelve 30- day months. The Series 2018 Bonds will mature on May 1 of such years, in such amounts and at such rates as set forth on the inside cover page of this Official Statement. If any Interest Payment Date is not a Business Day, then all amounts due on such Interest Payment Date shall be payable on the first Business Day succeeding such Interest Payment Date,but shall be deemed paid on such Interest Payment Date. The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will,as provided in the Indenture, be paid to the Registered Owner thereof at the close of business on the regular record date for such interest, which shall be the fifteenth (15th) day of the calendar month next preceding such Interest Payment Date, provided, however, that on or after the occurrence and continuance of an Event of Default under clause (a) of Section 902 of the Master Indenture, the payment of interest and principal or Redemption Price shall be made by the Paying Agent to such person, who, on a special record date which is fixed by the Trustee, which shall be not more than fifteen(15)and not less than ten(10)days prior to the date of such proposed payment,appears on the registration books of the Bond Registrar as the Registered Owner of such Series 2018 Bond. Any payment of principal or Redemption Price shall be made in accordance with DTC practices as long as the Series 2018 Bonds are held in book-entry form. Payment of interest shall be made by check or draft(or by wire transfer to the Registered Owner if such owner requests payment by wire transfer in writing on or prior to the regular record date for the respective interest payment to such account as shall be specified in such request, but only if the Registered Owner owns not less than $1,000,000 in aggregate principal amount of the Series 2018 Bonds or all of the then Outstanding Series 2018 Bonds. Interest on the 2018 Bonds will be computed on the basis of a 360-day year of twelve 30-day months. During any period that any Series 2018 Bond is registered in the name of Cede & Co., as nominee of DTC, the provisions of the Third Supplement relating to the book-entry only system shall apply,including,the payment provisions thereof. Each Series 2018 Bond shall bear interest from the most recent Interest Payment Date to which interest has been paid or provided for,or,if no interest has been paid,from the Dated Date. The Series 2018 Bonds will initially be registered in the name of Cede&Co.as nominee for DTC, which will act initially as securities depository for the Series 2018 Bonds and, so long as the Series 2018 Bonds are held in book-entry-only form, Cede & Co. will be considered the Registered Owner for all purposes of the Indenture. See "-Book-Entry Only System" below for more information about DTC and its book-entry only system. Redemption Provisions Optional Redemption of Series 2018A-1 Bonds. The Series 2018A-1 Bonds are subject to optional redemption at the option of the District prior to maturity,in whole or in part at any time on or after May 1, 20 , at the Redemption Price of 100% of the principal amount of the Series 2018A-2 Bonds to be redeemed together with accrued interest to the redemption date. 7 1611A2 Mandatory Redemvtion of Series 2018A-1 Bonds. The Series 2018A-1 Bonds maturing on May 1, 20 are subject to mandatory redemption in part by the District by lot prior to their scheduled maturity from moneys in the 2018A-1 Sinking Fund Account established under the Third Supplement in satisfaction of applicable Amortization Installments at the Redemption Price of the principal amount thereof, without premium, together with accrued interest to the redemption date on May 1 of the years and in the principal amounts set forth below: Year Principal (May 1) Amount " Final Maturity The Series 2018A-1 Bonds maturing on May 1, 20 are subject to mandatory redemption in part by the District by lot prior to its scheduled maturity from moneys in the 2018A-1 Sinking Fund Account established under the Third Supplement in satisfaction of applicable Amortization Installments at the Redemption Price of 100%of the principal amount thereof,without premium,plus accrued interest to the Redemption Date,on May 1 of the years and in the principal amounts set forth below: Year Principal (May 1) Amount * Final Maturity As more particularly set forth in the Indenture, any Series 2018A-1 Bonds that are purchased by the District with amounts held to pay an Amortization Installment will be cancelled and the principal amount so purchased will be applied as a credit against the applicable Amortization Installment of such Series 2018A-1 Bonds. Amortization Installments are also subject to recalculation, as provided in the Third Supplement, as the result of the redemption of Series 2018A-1 Bonds, other than from scheduled Amortization filstallments so as to reamortize the remaining Outstanding principal balance of the applicable Series 2018A-1 Bonds,as set forth in the Third Supplement. Extraordinary Mandatory Redemption in Whole or in Part of Series 2018A-1 Bonds. The Series 2018A-1 Bonds are subject to extraordinary mandatory redemption prior to scheduled maturity, in whole on any date or in part on any Interest Payment Date,and if in part by lot in the manner determined by the Bond Registrar and as otherwise provided in the Indenture, at the Redemption Price of 100% of the principal amount thereof,without premium,plus accrued interest to the redemption date,if and to the extent that moneys are transferred to the Prepayment Subaccount of the 2018 Redemption Account following the Prepayment of Series 2018 Assessments and when the amount on deposit in the 2018 Reserve Account, 8 1611Ai together with other moneys available therefor,are sufficient to pay and redeem all the Series 2018 Bonds then Outstanding as provided in the Third Supplement. The Series 2018A-1 Bonds are subject to redemption from amounts deposited into the Prepayment Subaccount on a pro rata basis with such redemption of the Series 2018A-2 Bonds determined by the ratio of the principal amount of Series 2018A-1 Bonds and Series 2018A-2 Bonds Outstanding divided by the aggregate principal amount of all 2018 Bonds Outstanding. And within the 2018 Bonds on a pro rata basis calculated by the District determined by the ratio of the Outstanding principal amount of each maturity of such Series 2018 Bonds treating for such purposes each Amortization Installment as a maturity divided by the aggregate principal amount Outstanding of such Series 2018 Bonds. No Optional Redemption of Series 2018A-2 Bonds. The Series 2018A-2 Bonds are not subject to optional redemption at the option of the District prior to maturity. Mandatory Redemption in Part of Series 2018A-2 Bonds. The Series 2018A-2 Bonds maturing on May 1, 20_are subject to mandatory redemption in part by the District by lot prior to their scheduled maturity from moneys in the 2018A-2 Sinking Fund Account established under the Third Supplement in satisfaction of applicable Amortization Installments at the Redemption Price of 100% of the principal amount thereof,without premium, plus accrued interest to the redemption date, on May 1 of the years and in the principal amounts set forth below: Year Principal (May 1) Amount Final Maturity As more particularly set forth in the Indenture, any Series 2018A-2 Bonds that are purchased by the District with amounts held to pay an Amortization Installment will be canceled and the principal amount so purchased will be applied as a credit against the applicable Amortization Installment of Series 2018A-2 Bonds. Amortization Installments are also subject to recalculation, as provided in the Third Supplement, as the result of the redemption of Series 2018A-2 Bonds, other than from scheduled Amortization Installments, so as to reamortize the remaining Outstanding principal balance of the Series 2018A-2 Bonds as set forth in the Third Supplement. Extraordinary Mandatory Redemption in Whole or in Part of Series 2018A-2 Bonds. The Series 2018A-2 Bonds are subject to extraordinary mandatory redemption prior to scheduled maturity, in whole on any date or in part on any Interest Payment Date,and if in part by lot in the manner determined by the Bond Registrar and as otherwise provided in the Indenture, at the Redemption Price of 100% of the principal amount thereof,without premium, plus accrued interest to the redemption date,if and to the extent that moneys are transferred to the Prepayment Subaccount of the 2018 Redemption Account following the Prepayment of Series 2018 Assessments and when the amount on deposit in the 2018 Reserve Account, together with other moneys available therefor are sufficient to pay and redeem all the Series 2018 Bonds 9 1611AZ then Outstanding as provided in the Third Supplement and from excess amount on deposit in the 2018 Acquisition and Construction Account as provided in the Third Supplement. The Series 2018A-2 Bonds are subject to redemption from amounts deposited into the Prepayment Subaccount on a pro rata basis with such redemption of the Series 201SA-1 Bonds determined by the ratio of the principal amount of Series 2018A-2 Bonds and Series 2018A-1 Bonds Outstanding divided by the aggregate principal amount of all 2018 Bonds Outstanding and within each Series of 2018 Bonds on a pro rata basis calculated by the District determined by the ratio of the Outstanding principal amount of each maturity of such Series of 2018 Bonds treating for such purposes each Amortization Installment as a maturity divided by the aggregate principal amount Outstanding of such Series of 2018 Bonds. If less than all of the Series 2018 Bonds of a Series shall be called for redemption, the particular Series 2018 Bonds or portion of Series 2018 Bonds of a Series to be redeemed shall be selected by lot by the Bond Registrar as provided in the Indenture. Notice of Redemption Notice of each redemption of Series 2018 Bonds is required to be mailed by the Bond Registrar, postage prepaid,not less than thirty (30)nor more than forty-five(45)days prior to the redemption date to each Registered Owner of Series 2018 Bonds to be redeemed at the address of such Registered Owner recorded on the bond register maintained by the Bond Registrar. On the date designated for redemption, notice having been given and money for the payment of the Redemption Price being held by the Paying Agent, all as provided in the Indenture, the Series 2018 Bonds or such portions thereof so called for redemption shall become and be due and payable at the Redemption Price provided for the redemption of such Series 2018 Bonds or such portions thereof on such date, interest on such Series 2018 Bonds or such portions thereof so called for redemption shall cease to accrue, such Series 2018 Bonds or such portions thereof so called for redemption shall cease to be entitled to any benefit or security under the Indenture and the Owners thereof shall have no rights in respect of such Series 2018 Bonds or such portions thereof so called for redemption except to receive payments of the Redemption Price thereof so held by the Paying Agent. Further notice of redemption shall be given by the Bond Registrar to certain registered securities depositories and information services as set forth in the Indenture, but no defect in said further notice nor any failure to give all or any portion of such further notice shall in any manner defeat the effectiveness of a call for redemption if notice thereof is given as above prescribed. Notwithstanding any other provisions contained in the Indenture,notice of optional redemption may be conditioned upon the occurrence or non-occurrence of such event or events as shall be specified in such notice of optional redemption and may also be subject to rescission by the District if expressly set forth in such notice. Book-Entry Only System The information in this caption concerning The Depository Trust Company, New York, New York,("DTC")and DTC's book-entry system has been obtained from DTC and neither the District nor the Underwriter makes any representation or warranty or takes any responsibility for the accuracy or completeness of such information. 10 1611A2 DTC will act as securities depository for the Series 2018 Bonds. The Series 2018 Bonds will be issued as fully-registered bonds registered in the name of Cede & Co. (DTC's partnership nominee) or such other name as may be requested by an authorized representative of DTC. One fully-registered bond certificate will be issued for each maturity of the Series 2018 Bonds and will be deposited with DTC. DTC, the world's largest securities depository, is a limited-purpose trust company organized under the New York Banking Law,a "banking organization" within the meaning of the New York Banking Law, a member of the Federal Reserve System, a "clearing corporation" within the meaning of the New York Uniform Commercial Code, and a"clearing agency"registered pursuant to the provisions of Section 17A of the Securities Exchange Act of 1934. DTC holds and provides asset servicing for over 3.5 million issues of U.S. and non-U.S. equity issues, corporate and municipal debt issues, and money market instruments (from over 100 countries)that DTC's participants(the"Direct Participants")deposit with DTC. DTC also facilitates the post-trade settlement among Direct Participants of sales and other securities transactions in deposited securities, through electronic computerized book-entry transfers and pledges between Direct Participants' accounts. This eliminates the need for physical movement of securities certificates. Direct Participants include both U.S. and non-U.S. securities brokers and dealers, banks, trust companies, clearing corporations, and certain other organizations. DTC is a wholly-owned subsidiary of The Depository Trust & Clearing Corporation ("DTCC"). DTCC is the holding company for DTC, National Securities Clearing Corporation and Fixed Income Clearing Corporation, all of which are registered clearing agencies. DTCC is owned by the users of its regulated subsidiaries. Access to the DTC system is also available to others such as both U.S. and non-U.S. securities brokers and dealers, banks, trust companies,and clearing corporations that clear through or maintain a custodial relationship with a Direct Participant, either directly or indirectly (the "Indirect Participants"). DTC has a Standard and Poor's rating of AA+. The DTC rules applicable to its Participants are on file with the Securities and Exchange Commission. More information about DTC can be found at www.dtcc.com. Purchases of the Series 2018 Bonds under the DTC system must be made by or through Direct Participants, which will receive a credit for such Series 2018 Bonds on DTC's records. The ownership interest of each actual purchaser of each Series 2018 Bond ("Beneficial Owner") is in turn to be recorded on the Direct and Indirect Participants' records. Beneficial Owners will not receive written confirmation from DTC of their purchase. Beneficial Owners are,however, expected to receive written confirmations providing details of the transaction, as well as periodic statements of their holdings, from the Direct or Indirect Participant through which the Beneficial Owner entered into the transaction. Transfers of ownership interests in the Series 2018 Bonds are to be accomplished by entries made on the books of Direct and Indirect Participants acting on behalf of the Beneficial Owners. Beneficial Owners will not receive certificates representing their ownership interests in the Series 2018 Bonds, except in the event that use of the book-entry system for the Series 2018 Bonds is discontinued. To facilitate subsequent transfers, all Series 2018 Bonds deposited by Direct Participants with DTC are registered in the name of DTC's partnership nominee,Cede&Co.,or such other name as may be requested by an authorized representative of DTC. The deposit of Series 2018 Bonds with DTC and their registration in the name of Cede&Co. or such other DTC nominee do not affect any change in beneficial ownership. DTC has no knowledge of the actual Beneficial Owners of the Series 2018 Bonds; DTC's records reflect only the identity of the Direct Participants to whose accounts such Series 2018 Bonds are credited, which may or may not be the Beneficial Owners. The Direct and Indirect Participants will remain responsible for keeping an account of their holdings on behalf of their customers. Conveyance of notices and other communications by DTC to Direct Participants, by Direct Participants to Indirect Participants, and by Direct Participants and Indirect Participants to Beneficial 11 i6I 1 A 2 Owners will be governed by arrangements made among them, subject to any statutory or regulatory requirements as may be in effect from time to time. Redemption notices shall be sent to DTC. If less than all of the Series 2018 Bonds are being redeemed, DTC's practice is to determine by lot the amount of the interest of each Direct Participant in such Series 2018 Bonds,as the case may be,to be redeemed. Neither DTC nor Cede& Co. (nor any other DTC nominee) will consent or vote with respect to the Series 2018 Bonds unless authorized by a Direct Participant in accordance with DTC's MMI Procedures. Under its usual procedures,DTC mails an Omnibus Proxy to the District as soon as possible after the record date. The Omnibus Proxy assigns Cede & Co.'s consenting or voting rights to those Direct Participants to whose accounts the Series 2018 Bonds are credited on the record date(identified in a listing attached to the Omnibus Proxy). Redemption proceeds, distributions, and dividend payments on the Series 2018 Bonds will be made to Cede&Co.,or such other nominee as may be requested by an authorized representative of DTC. DTC's practice is to credit Direct Participants' accounts,upon DTC's receipt of funds and corresponding detail information from the District or the Registrar on the payable date in accordance with their respective holdings shown on DTC's records. Payments by Participants to Beneficial Owners will be governed by standing instructions and customary practices, as is the case with securities held for the accounts of customers in bearer form or registered in"street name,"and will be the responsibility of such Participant and not of DTC, the Registrar or the District, subject to any statutory or regulatory requirements as may be in effect from time to time. Payment of redemption proceeds, distributions,and dividend payments to Cede & Co. (or such other nominee as may be requested by an authorized representative of DTC) is the responsibility of the District and/or the Paying Agent for the Series 2018 Bonds. Disbursement of such payments to Direct Participants will be the responsibility of DTC, and disbursement of such payments to the Beneficial Owners will be the responsibility of the Direct and Indirect Participants. DTC may discontinue providing its services as securities depository with respect to the Series 2018 Bonds at any time by giving reasonable notice to the District. Under such circumstances, in the event that a successor securities depository is not obtained, Series 2018 Bond certificates are required to be printed and delivered. The District may decide to discontinue use of the system of book-entry-only transfers through DTC(or a successor securities depository). In that event,Series 2018 Bond certificates will be printed and delivered to DTC. The information in this section concerning DTC and DTC's book-entry system has been obtained from sources that the District believes to be reliable,but takes no responsibility for the accuracy thereof. NEITHER THE DISTRICT NOR THE TRUSTEE WILL HAVE ANY RESPONSIBILITY OR OBLIGATION TO THE DTC PARTICIPANTS OR THE PERSONS FOR WHOM THEY ACT AS NOMINEE WITH RESPECT TO THE PAYMENTS TO OR THE PROVIDING OF NOTICE FOR THE DTC PARTICIPANTS, THE INDIRECT PARTICIPANTS OR THE BENEFICIAL OWNERS OF THE SERIES 2018 BONDS.THE DISTRICT CANNOT AND DOES NOT GIVE ANY ASSURANCES THAT DTC,THE DTC PARTICIPANTS OR OTHERS WILL DISTRIBUTE PAYMENTS OF PRINCIPAL OF OR INTEREST ON THE SERIES 2018 BONDS PAID TO DTC OR ITS NOMINEE, AS THE REGISTERED OWNER, OR 12 1611A PROVIDE ANY NOTICES TO THE BENEFICIAL OWNERS OR THAT THEY WILL DO SO ON A TIMELY BASIS, OR THAT DTC WILL, ACT IN THE MANNER DESCRIBED IN THIS OFFICIAL STATEMENT. SECURITY FOR AND SOURCE OF PAYMENT OF THE SERIES 2018 BONDS General The Series 2018 Bonds are payable from and secured solely by the 2018 Pledged Revenues and the 2018 Pledged Funds and Accounts. The 2018 Pledged Revenues are the revenues derived by the District from the 2018 Assessments. The Indenture defines the 2018 Assessments as all assessments levied and collected by or on behalf of the District pursuant to Section 190.022 of the Act as amended from time to time, together with the interest specified by resolution adopted by the Governing Body, the interest specified in Chapter 170 Florida Statutes,as amended,if any such interest is collected by or on behalf of the Governing Body,and any applicable penalties collected by or on behalf of the District, together with any and all amounts received by the District from the sale of tax certificates or otherwise from the collection of Delinquent Assessments (as defined in the Indenture) and which are pledged to the Series 2018 Bonds. The 2018 Assessments represent an allocation of the costs of the 2005 Project and the Series 2018 Project, including bond financing costs, to the lands within the District benefiting from the Series 2018 Project in accordance with the Assessment Report. The Assessment Report is attached as APPENDIX D hereto. NEITHER THE SERIES 2018 BONDS NOR THE INTEREST AND PREMIUM,IF ANY,PAYABLE THEREON SHALL CONSTITUTE A GENERAL OBLIGATION OR GENERAL INDEBTEDNESS OF THE DISTRICT WITHIN THE MEANING OF THE CONSTITUTION AND LAWS OF FLORIDA. THE SERIES 2018 BONDS AND THE INTEREST AND PREMIUM, IF ANY,PAYABLE THEREON DO NOT CONSTITUTE EITHER A PLEDGE OF THE FULL FAITH AND CREDIT OF THE DISTRICT OR A LIEN UPON ANY PROPERTY OF THE DISTRICT OTHER THAN AS PROVIDED IN THE INDENTURE.NO OWNER OR ANY OTHER PERSON SHALL EVER HAVE THE RIGHT TO COMPEL THE EXERCISE OF ANY AD VALOREM''AXING POWER OF THE DISTRICT OR ANY OTHER PUBLIC AUTHORITY OR GOVERNMENTAL BODY TO PAY DEBT SERVICE OR TO PAY ANY OTHER AMOUNTS REQUIRED TO BE PAID PURSUANT TO THE INDENTURE, OR THE SERIES 2018 BONDS. DEBT SERVICE AND ANY OTHER AMOUNTS REQUIRED TO BE PAID PURSUANT TO THE INDENTURE, OR THE SERIES 2018 BONDS, SHALL BE PAYABLE SOLELY FROM, AND SHALL BE SECURED SOLELY BY, THE 2018 PLEDGED REVENUES AND THE 2018 PLEDGED FUNDS AND ACCOUNTS PLEDGED TO THE SERIES 2018 BONDS,ALL AS PROVIDED IN THE INDENTURE. Parity Bonds Pursuant to the Indenture,the District has covenanted that so long as there are any 2018 Bonds Outstanding, it shall not cause or permit to be caused any lien, charge or claim against the 2018 Trust Estate. 13 Reserve Fund 16 1 1 A Z 2018 Reserve Account. The Indenture establishes a 2018 Reserve Account within the Reserve Fund for the benefit of all Series 2018 Bonds without distinction to any Series 2018 Bonds and without privilege or priority of one Series 2018 Bond over another. The 2018 Reserve Account will be established in an amount equal to the 2018 Reserve Account Requirement. The 2018 Reserve Account Requirement is defined as 50% of the Maximum Annual Debt Service Requirement for the Series 2018 Bonds as determined from time to time. The Series 2018 Reserve Account will either be fully funded in cash from proceeds of the Series 2018 Bonds, fully satisfied by the deposit of the Reserve Policy,or partially funded in cash and partially satisfied by the deposit of the Reserve Policy. The District will make the determination whether to fund the Series 2018 Reserve Account from cash or the deposit of the Reserve Policy, or a combination of both cash and the Reserve Policy, at the time the Series 2018 Bonds are marketed. See "POTENTIAL RESERVE POLICY"herein. Amounts on deposit in the 2018 Reserve Account shall be used for the purpose of making payments into the applicable 2018 Interest Account and 2018 Sinking Fund Account to pay Debt Service on the Series 2018 Bonds,when due,without distinction as to Series 2018 Bonds and without privilege or priority of one Bond over another, to the extent the moneys on deposit in such Accounts therein and available therefore are insufficient for such purpose. Upon the occurrence of any deficiency in the Series 2018 Interest Account,a Series 2018 Principal Account or Series 2018 Sinking Fund Account, and the 2018 Reserve Account is then funded with the Reserve Policy, the Trustee shall, on an Interest Payment Date or principal payment date or mandatory redemption date to which such deficiency relates, draw upon the Reserve Policy an amount sufficient to remedy such deficiency, in accordance with the terms and provisions of the Reserve Policy and any corresponding reimbursement or other agreement governing the Reserve Policy;provided,however,that if at the time of such deficiency the 2018 Reserve Account is only partially funded with the Reserve Policy, prior to drawing on the Reserve Policy the Trustee shall first apply any cash and securities on deposit in the Series 2018 Reserve Account to remedy the deficiency and, if after such application a deficiency still exists, the Trustee shall make up the balance of the deficiency by drawing on the Reserve Policy. Any amounts drawn under the Reserve Policy shall be reimbursed to the Insurer in accordance with the terms and provisions of the reimbursement related to the Reserve Policy. If a disbursement is made from the Reserve Policy,the Issuer shall be obligated to either reinstate the maximum limits of such Reserve Policy immediately following such disbursement or to deposit into the Series 2018 Reserve Account, as provided in the Indenture for restoration of withdrawals from the Series 2018 Reserve Account,funds in the amount of the disbursement made under the Reserve Policy. The Trustee,on or before the forty-fifth day (or if such day is not a Business Day,on the Business Day next preceding such day) next preceding each Interest Payment Date, after taking into account all payments and transfers made as of such date, shall compute the value of the 2018 Reserve Account and shall promptly notify the District of the amount of any deficiency or surplus as of such date in such account. The District shall immediately pay the amount of any deficiency to the Trustee,for deposit into such account as provided in this section. The Trustee as soon as practical after such computation shall transfer any surplus (including any surplus resulting from investment earnings) into the Prepayment 14 1611A2 Subaccount of the 2018 Redemption Account and applied to the extraordinary mandatory redemption of the Series 2018 Bonds,as provided therein. On the earliest date on which there is on deposit in the 2018 Reserve Account sufficient amounts, and,taking into account other monies available therefor, to pay and redeem all of the Outstanding Series 2018 Bonds,together with accrued interest and redemption premium,if any,on such Series 2018 Bonds to the earliest date of redemption permitted therein and herein, then the Trustee shall transfer the amount on deposit in the 2018 Reserve Account into the Prepayment Subaccount to pay and redeem all of the Outstanding Series 2018 Bonds on the earliest date permitted for redemption therein and herein. Deposit and Application of 2018 Pledged Revenues The Trustee shall,except as provided below or otherwise provided in the Indenture, deposit the 2018 Pledged Revenues to the 2018 Revenue Account and any other amounts or payments specifically designated by the District pursuant to a written direction for said purpose. The 2018 Revenue Account shall be held by the Trustee separate and apart from all other Funds and Accounts held under the Indenture and from all other moneys of the Trustee. On or before the forty-fifth day (or if such day is not a Business Day, on the Business Day next preceding such day)next preceding each Interest Payment Date, the Trustee shall determine the amount on deposit in the Prepayment Subaccount of the 2018 Redemption Account,and, if the balance therein is greater than zero,shall transfer,but only after determining that following such transfer sufficient moneys will remain in the 2018 Revenue Account to meet the obligations described in FIRST through THIRD below on the immediately following May 1 or November 1, as applicable, from the 2018 Revenue Account, for deposit into the Prepayment Subaccount, an amount sufficient to increase the amount on deposit therein to the next integral multiple of $5,000, and, shall thereupon give notice and cause the extraordinary mandatory redemption of Series 2018 Bonds on the next succeeding Interest Payment Date in the maximum aggregate principal amount for which moneys are then on deposit in such Prepayment Subaccount in accordance with the provisions for extraordinary redemption of Series 2018 Bonds as set forth therein. At least five (5) Business Days prior to each May 1 and November 1 (or if such May 1 or November 1 is not a Business Day, on the Business Day preceding such date), the Trustee shall transfer from amounts on deposit in the 2018 Revenue Account to the Funds and Accounts designated below, the following amounts in the following order of priority(payments into the 2018A-1.Interest Account and the 2018A-2 Interest Account shall be on a parity and payments to the 2018A-1 Sinking Fund Account and the 2018A-2 Sinking Fund Account shall be on parity)and apply such amounts as provided below: FIRST, to the 2018A-1 Interest Account and the 2018A-2 Interest Account of the Debt Service Fund, an amount equal to the amount of interest payable on all Series 2018 Bonds then Outstanding on such May 1 or November 1, less any amount already on deposit in the 2018 Interest Account not previously credited; SECOND, on each May 1 beginning May 1, 2019 to the 2018A-1 Sinking Fund Account and the 2018A-2 Sinking Fund Account an amount equal to the principal amount of 2018A-1 Serial Bonds maturing on such May 1 or an amount equal to the Amortization Installments of 2018 Term Bonds due on such May 1,less any amount already on deposit in such Sinking Fund Account not previously credited; 15 1611A2 THIRD,to the 2018 Reserve Account, the amount,if any,which is necessary to make the amount on deposit therein equal to the 2018 Reserve Account Requirement;and FOURTH,the balance shall be retained in the 2018 Revenue Account. If these are not sufficient amounts on deposit in the 2018 Revenue Account to make all of the transfers required by First and/or Second above, available amounts shall be applied on a pro rata basis based on the amounts scheduled to be deposited to the accounts for which there are insufficient funds to pay the scheduled amounts. Investments Amounts in all of the Funds and Accounts held as security for the Series 2018 Bonds shall be invested only in 2018 Investment Obligations,and earnings on investments in the 2018 Costs of Issuance Account,the 2018 Interest Accounts,the 2018 Sinking Fund Accounts,the 2018 Revenue Account and the Prepayment Subaccount shall be deposited, as realized, to the credit of the 2018 Revenue Account and used for the purpose of such Account. Earnings on investments in the 2018 Reserve Account (to the extent there is a surplus in such 2018 Reserve Account) shall be applied as described under 'Reserve Fund"above and otherwise shall remain on deposit in the 2018 Reserve Account. Enforcement of Payment of Assessments The District has covenanted in the Indenture to assess, levy, collect or cause to be collected and enforced the payment of Assessments in the manner prescribed by the Indenture and all resolutions, ordinances or laws thereunto appertaining at the times and in the amounts as shall be necessary to pay, when due, the principal of and interest on the Bonds to which such Assessments are pledged; and to pay or cause to be paid the proceeds of such Assessments in accordance with the provisions of the Indenture. Covenant Regarding Collection of Assessments The Indenture provides that the Series 2018 Assessments will be collected by the District through the Uniform Method (as hereinafter defined). However, the District is not precluded from using any other available method. Prepayment of Assessments Pursuant to the terms of the Act, the owner of property subject to Assessments may pay the entire balance of the Assessment remaining due, without interest, within thirty (30) days after the Series 2018 Project has been completed and the Board of Supervisors has adopted a resolution accepting the Series 2018 Project as provided by Florida Statutes,Section 170.09. Pursuant to the terms of the Assessment Proceedings, subsequent to thirty (30) days after completion and acceptance of the Series 2018 Project, the owner of property subject to Assessments may prepay the entire remaining balance of the Assessment at any time, or a portion of the remaining balance of the Assessment one time if there is also paid, in addition to the prepaid principal balance of the Assessment, an amount equal to the interest that would otherwise be due on such prepaid amount on the next succeeding Interest Payment Date for the Series 2018 Bonds, or, if 16 1611A2 prepaid during the forty-five (45) day period preceding such Interest Payment Date, to the Interest Payment Date following such next succeeding Interest Payment Date. The Series 2018 Bonds are subject to extraordinary mandatory redemption from Prepayments as indicated under "DESCRIPTION OF THE SERIES 2018 BONDS - Redemption Provisions." The prepayment of Assessments does not entitle the owner of the property to a discount for early payment. Re-Assessment Pursuant to the Indenture, if any Assessments shall be either in whole or in part annulled, vacated or set aside by the judgment of any court, or the District shall be satisfied that any such Assessment is so irregular or defective that it cannot be enforced or collected, or if the District shall have omitted to make such Assessment when it might have done so, the District shall either: (i) take all necessary steps to cause a new Assessment to be made for the whole or any part of such improvement or against any property benefited by such improvement; or (ii) in its sole discretion, make up the amount of such Assessment from legally available moneys. In case any such subsequent Assessment shall also be annulled, the District shall obtain and make other Assessments until a valid Assessment shall be made. The Insurer Deemed Owner of Insured Bonds for Certain Purposes under the Indenture For so long as the Bond Insurance Policy is in force and effect with respect to the Insured Bonds and the Insurer is not in default under the Bond Insurance Policy, the Insurer shall be deemed to be the Owner of all of the Outstanding Insured Bonds for purposes of controlling any rights and remedies upon the occurrence of any Event of Default and for purposes of consenting to any amendments to the Indenture relating to the Insured Bonds other than amendments which affect the interest rates, redemption provisions, maturity dates, or priority of lien of one Insured Bond over any other Insured Bond. Enforcement and Collection of Series 2018 Assessments The primary sources of payment for the Series 2018 Bonds are the Series 2018 Assessment Revenues received by the District from the Series 2018 Assessments imposed on each landowner within the District which is specially benefited as described in the Assessment Report and has not prepaid the Series 2018 Assessment. To the extent that landowners fail to pay such Series 2018 Assessments, delay payments, or are unable to pay Series 2018 Assessments, the successful pursuit of collection procedures available to the District is essential to continued payment of principal of and interest on the Series 2018 Bonds. The Act provides for various methods of collection of delinquent assessments by reference to other provisions of the Florida Statutes.See"ENFORCEMENT OF ASSESSMENT COLLECTIONS"herein for a summary of Series 2018 Assessment payment and collection procedures appearing in the Florida Statutes. Anything in the Indenture to the contrary notwithstanding but subject to the sentence immediately succeeding,Series 2018 Assessments levied on platted lots and pledged under the Indenture to secure the Series 2018 Bonds shall be collected by the Collier County Tax Collector pursuant to the uniform method for the collection of special assessments set forth in the Act(the"Uniform Method"). To the extent the District is not able to collect such Series 2018 Assessments pursuant to the Uniform Method, or to the extent the District determines that it is not in its best interest to use the Uniform 17 1611A2 Method, with the consent of the Insurer, the District may elect to collect and enforce such Series 2018 Assessments pursuant to any then available and commercially reasonable method under the Act,Chapter 170,Florida Statutes,Chapter 197,Florida Statutes,or any successor statutes thereto. THERE CAN BE NO ASSURANCE THAT ANY SALE, PARTICULARLY A BULK SALE, OF LAND SUBJECT TO DELINQUENT ASSESSMENTS WILL PRODUCE PROCEEDS SUFFICIENT TO PAY THE FULL AMOUNT OF SUCH DELINQUENT ASSESSMENTS PLUS OTHER DELINQUENT TAXES AND ASSESSMENTS APPLICABLE THERETO. Prepayment Pursuant to the terms of applicable state law, any owner of property subject to the Series 2018 Assessments may, at its option, require the District to release and extinguish the lien upon its property by virtue of the levy of the Series 2018 Assessments that relate to the Series 2018 Bonds by paying to the District the entire amount of such Series 2018 Assessment on such property, plus accrued interest to the next succeeding Interest Payment Date (or the second succeeding Interest Payment Date if such prepayment is made within forty (40)calendar days before an Interest Payment Date),attributable to the property subject to the Series 2018 Assessment owned by such owner.Upon receipt of any such moneys from the District, the Trustee shall immediately deposit the same into the Series 2018 Prepayment Subaccount of the Series 2018 Redemption Account, and such funds are to be applied to the redemption of Series 2018 Bonds in accordance with the terms of the Indenture.See"DESCRIPTION OF THE SERIES 2018 BONDS-Redemption Provisions"herein. [Additional Covenant of the District Regarding Special Assessments The District covenants in the Indenture to comply with the terms of the proceedings adopted with respect to the Series 2018 Assessments,including the Methodology Report,and to levy the Series 2018 Assessments, in accordance with such proceedings and in such manner as will generate funds sufficient to pay the principal of and interest on the Series 2018 Bonds,when due. The Methodology Report shall not be amended in a manner that will or is likely to have a material adverse effect on the interests of the Owners of the Series 2018 Bonds without the written consent of the Owners of a majority in aggregate principal amount of the Series 2018 Bonds.] [WILL THIS BE ADDED TO SUPPLEMENT?1 POTENTIAL BOND INSURANCE In the event that the District elects to purchase the Bond Insurance Policy for all or a portion of the 2018 Bonds (the "Insured Bonds"), the following information regarding the Bond Insurance Policy and the Insurer will apply to such Insured Bonds. The Bond Insurance Policy Concurrently with the issuance of the Series 2018 Bonds, the Insurer may issue the Bond Insurance Policy for the Insured Bonds. The Bond Insurance Policy guarantees the scheduled payment of principal of and interest on the Insured Bonds when due as set forth in the form of the SPECIMEN MUNICIPAL BOND INSURANCE POLICY included as APPENDIX G to this Official Statement. 18 1 6 1 1 A 2 The Bond Insurance Policy is not covered by any insurance security or guaranty fund established under New York,California,Connecticut or Florida insurance law. Assured Guaranty Municipal Corp. AGM is a New York domiciled financial guaranty insurance company and an indirect subsidiary of Assured Guaranty Ltd. ("AGL"),a Bermuda-based holding company whose shares are publicly traded and are listed on the New York Stock Exchange under the symbol "AGO". AGL, through its operating subsidiaries, provides credit enhancement products to the U.S. and global public finance, infrastructure and structured finance markets. Neither AGL nor any of its shareholders or affiliates,other than AGM,is obligated to pay any debts of AGM or any claims under any insurance policy issued by AGM. AGM's financial strength is rated"AA"(stable outlook)by S&P Global Ratings,a business unit of Standard& Poor's Financial Services LLC("S&P"), "AA+" (stable outlook)by Kroll Bond Rating Agency, Inc. ("KBRA") and "A2" (stable outlook)by Moody's Investors Service, Inc. ("Moody's"). Each rating of AGM should be evaluated independently. An explanation of the significance of the above ratings may be obtained from the applicable rating agency. The above ratings are not recommendations to buy, sell or hold any security, and such ratings are subject to revision or withdrawal at any time by the rating agencies, including withdrawal initiated at the request of AGM in its sole discretion. In addition, the rating agencies may at any time change AGM's long-term rating outlooks or place such ratings on a watch list for possible downgrade in the near term. Any downward revision or withdrawal of any of the above ratings,the assignment of a negative outlook to such ratings or the placement of such ratings on a negative watch list may have an adverse effect on the market price of any security guaranteed by AGM. AGM only guarantees scheduled principal and scheduled interest payments payable by the issuer of bonds insured by AGM on the date(s) when such amounts were initially scheduled to become due and payable (subject to and in accordance with the terms of the relevant insurance policy), and does not guarantee the market price or Iiquidity of the securities it insures, nor does it guarantee that the ratings on such securities will not be revised or withdrawn. Current Financial Strength Ratings On January 23, 2018, KBRA issued a financial guaranty surveillance report in which it affirmed AGM's insurance financial strength rating of"AA+" (stable outlook). AGM can give no assurance as to any further ratings action that KBRA may take. On June 26, 2017, S&P issued a research update report in which it affirmed AGM's financial strength rating of"AA"(stable outlook). AGM can give no assurance as to any further ratings action that S&P may take. On August 8,2016,Moody's published a credit opinion affirming its existing insurance financial strength rating of"A2" (stable outlook) on AGM. AGM can give no assurance as to any further ratings action that Moody's may take. For more information regarding AGM's financial strength ratings and the risks relating thereto, see AGL's Annual Report on Form 10-K for the fiscal year ended December 31,2017. Capitalization of AGM At December 31,2017: 19 (i) the policyholders'surplus of AGM was approximately$2,254 million. S (ii) the contingency reserves of AGM and its indirect subsidiary Municipal Assurance Corp. ("MAC") (as described below) were approximately$1,108 million.Such amount includes 100%of AGM's contingency reserve and 60.7%of MAC's contingency reserve. (iii) the net unearned premium reserves of AGM and its subsidiaries (as described below) were approximately $1,657 million. Such amount includes (i) 100% of the net unearned premium reserves of AGM and AGM's wholly owned subsidiaries, Assured Guaranty (Europe) plc, Assured Guaranty (UK) plc, CIFG Europe S.A. and Assured Guaranty (London) plc (together, the "AGM European Subsidiaries") and (ii) 60.7% of the net unearned premium reserve of MAC. The policyholders' surplus of ACM and the contingency reserves and net unearned premium reserves of AGM and MAC were determined in accordance with statutory accounting principles.The net unearned premium reserves of the AGM European Subsidiaries were determined in accordance with accounting principles generally accepted in the United States of America. Incorporation of Certain Documents by Reference Portions of the following document filed by AGL with the Securities and Exchange Commission (the "SEC") that relate to AGM are incorporated by reference into this Official Statement and shall be deemed to be a part hereof: (i) the Annual Report on Form 10-K for the fiscal year ended December 31, 2017 (filed by AGL with the SEC on February 23,2018). All consolidated financial statements of AGM and all other information relating to AGM included in,or as exhibits to, documents filed by AGL with the SEC pursuant to Section 13(a)or 15(d)of the Securities Exchange Act of 1934, as amended, excluding Current Reports or portions thereof "furnished" under Item 2.02 or Item 7.01 of Form 8-K, after the filing of the last document referred to above and before the termination of the offering of the Series 2018 Bonds shall be deemed incorporated by reference into this Official Statement and to be a part hereof from the respective dates of filing such documents. Copies of materials incorporated by reference are available over the internet at the SEC's website at li.itp.//www.secgoyy, at AGL's website at httpl'www.assuredguaranty.com, or will be provided upon request to Assured Guaranty Municipal Corp.: 1633 Broadway, New York, New York 10019, Attention: Communications Department (telephone (212) 974-0100). Except for the information referred to above,no information available on or through AGL's website shall be deemed to be part of or incorporated in this Official Statement. Any information regarding AGM included herein under the caption "POTENTIAL BOND INSURANCE" or included in a document incorporated by reference herein (collectively, the "AGM Information") shall be modified or superseded to the extent that any subsequently included AGM Information (either directly or through incorporation by reference) modifies or supersedes such previously included AGM Information. Any AGM Information so modified or superseded shall not constitute a part of this Official Statement,except as so modified or superseded. Miscellaneous Matters 20 16 $ 1A2 AGM makes no representation regarding the Insured Bonds or the advisability of investing in the Insured Bonds. In addition, AGM has not independently verified, makes no representation regarding, and does not accept any responsibility for the accuracy or completeness of this Official Statement or any information or disclosure contained herein, or omitted herefrom,other than with respect to the accuracy of the information regarding AGM supplied by AGM and presented under the heading "POTENTIAL BOND INSURANCE." POTENTIAL RESERVE POLICY All or a portion of the Series 2018 Reserve Account Requirement may be funded by the deposit of the Reserve Policy to the 2018 Reserve Account. If issued,the Reserve Policy will terminate [on the final maturity date of the Series 2018 Bonds or upon earlier payment in full of the Series 2018 Bonds]. The Reserve Policy, if issued, will be provided by the Insurer and provisions relating to the Reserve Policy will be provided in the Third Supplement. See "POTENTIAL BOND INSURANCE" herein for information regarding the Insurer. In the event the Reserve Policy is not issued, the Series 2018 Reserve Requirement will be funded fully in cash on the date of issuance of the Series 2018 Bonds. MUNICIPAL BOND INSURANCE RISK FACTORS In the event of default in the payment of principal or interest with respect to the Insured Bonds, when all or some becomes due, any owner of the Insured Bonds shall have a claim under the Bond Insurance Policy for such payments. In the event the Insurer is unable to make payment of principal and interest as such payments become due under the Bond Insurance Policy, the Insured Bonds are payable solely from the moneys received pursuant to the Indenture. In the event the Insurer becomes obligated to make payments with respect to the Insured Bonds, no assurance is given that such event will not adversely affect the market price of the Insured Bonds or the marketability (liquidity) for the Insured Bonds. The long-term ratings on the Insured Bonds are dependent in part on the financial strength of the Insurer and its claims paying ability. The Insurer's financial strength and claims paying ability are predicated upon a number of factors which could change over time. No assurance is given that the long- term ratings of the Insurer and of the ratings on the Insured Bonds will not be subject to downgrade and such event could adversely affect the market price of the Insured Bonds or the marketability (liquidity) for the Insured Bonds. The obligations of the Insurer are contractual obligations and in an event of default by the Insurer, the remedies available may be limited by applicable bankruptcy law or state law related to insolvency of insurance companies. THE DISTRICT General The District consists of approximately 687 acres within unincorporated Collier County, Florida. It is located approximately 13 miles northeast of the City of Naples, Florida. The District is a fully built- out gated resort golf course residential development with 1,250 residential units consisting of 252 single 21 1 6 1 1 A 2 family and 998 multifamily units, a golf course,a club house and associated infrastructure,utilities,and a multitude of"lakes"that through an inner-connected system of drainage structures make up the District's stormwater infrastructure. Below is a map of the District: [insert map] Legal Powers and Authority The District is an independent unit of local government created pursuant to and established in accordance with the Act. The Act was enacted in 1980 to provide a uniform method for the establishment of independent districts to manage and finance basic community development services,including capital infrastructure required for community developments throughout the State. The Act provides legal authority for community development districts (such as the District) to finance the acquisition, construction, operation and maintenance of the major infrastructure for community development pursuant to its general law charter(Sections 190.006 through 190.041,Florida Statutes). Among other provisions, the Act gives the Board the authority to (a) plan, establish, acquire, construct or reconstruct, enlarge or extend, equip, operate and maintain systems and facilities for: (i)water management and control for lands within the District and to connect any of such facilities with roads and bridges; (ii) water supply, sewer and wastewater management systems or any combination thereof and to construct and operate connecting intercept or outlet sewers and sewer mains and pipes and water mains, conduits, or pipelines in, along, and under any street, alley, highway, or other public place or ways, and to dispose of any effluent, residue, or other byproducts of such system or sewer system; (iii)District roads equal to or exceeding the specifications of the County and street lights; and (iv)with the consent of the local general-purpose government within the jurisdiction of which the power is to be exercised, parks and facilities for indoor and outdoor recreational uses and security; (b)borrow money and issue bonds of the District; (c) impose and foreclose special assessment liens as provided in the Act;and (d)exercise all other powers,necessary,convenient, incidental or proper in connection with any of the powers or duties of the District stated in the Act. The Act does not empower the District to adopt and enforce any land use plans or zoning ordinances and the Act does not empower the District to grant building permits;these functions are to be performed by general purpose local governments having jurisdiction over the lands within the District. The Act exempts all property owned by the District from levy and sale by virtue of an execution and from judgment liens,but does not limit the right of any owner of lands of the District to pursue any remedy for enforcement of any lien or pledge of the District in connection with its bonds, including the Series 2018 Bonds. Board of Supervisors The governing body of the District is the Board, which is composed of five Supervisors (the "Supervisors"). The Act provides that, at the initial meeting of the landowners, Supervisors must be elected by the landowners with the two Supervisors receiving the highest number of votes to serve for four years and the remaining Supervisors to serve for a two-year term. Three of the five Supervisors are 22 1611A2 elected to the Board every two years in November. At such election the two Supervisors receiving the highest number of votes are elected to four-year terms and the remaining Supervisor is elected to a two- year term. Until six(6)years after the initial appointment of Supervisors or the year in which there are at least 250 qualified electors in the District, or such earlier time as the Board may decide to exercise its ad valorem taxing power, the Supervisors are elected by vote of the landowners of the District. Ownership of land within the District entitles the owner to one vote per acre(with fractions thereof rounded upward to the nearest whole number and, for purposes of determining voting interests, platted lots shall be counted individually and rounded up to the nearest whole acre and shall not be aggregated for determining the number of voting units held). Six(6)years after the initial appointment of Supervisors or the year in which there are at least 250 qualified electors in the District,the Supervisors whose terms are expiring will be elected (as their terms expire) by qualified electors of the District, except as described below. A qualified elector is a registered voter in the County who is at least eighteen years of age, a resident of the District and the State and a citizen of the United States. At the election where Supervisors are first elected by qualified electors, two Supervisors must be qualified electors and be elected by qualified electors,both to four-year terms. The other Supervisor will be elected by landowners for a four- year term. Thereafter,as terms expire,all Supervisors must be qualified electors and are elected to serve staggered terms. If there is a vacancy on the Board,whether as a result of the resignation or removal of a Supervisor or because no elector qualifies for a seat to be filled in an election, the remaining Board members are to fill such vacancy for the unexpired term. The Act provides that it shall not be an impermissible conflict of interest under Florida law governing public officials for a Supervisor to be a stockholder,officer or employee of a landowner or of any entity affiliated with a landowner. The current members of the Board and the expiration of the term of each member are set forth below. Currently, all Supervisors are qualified electors elected by qualified electors or appointed by the Board. Name Title Term Expires Edwin Hubbard Chairman November 2020 John C.May Vice Chairman November 2018 F.Jack Arcurie Assistant Secretary November 2020 Donna Hunter Assistant Secretary November 2020 Dennis Gagne Assistant Secretary November 2018 A majority of the members of the Board constitutes a quorum for the purposes of conducting its business and exercising its powers and for all other purposes. Action taken by the District shall be upon a vote of a majority of the members present unless general law or a rule of the District requires a greater number. All meetings of the Board are open to the public under Florida's open meeting or "Sunshine" law. The District Manager and Other Consultants The chief administrative official of the District is the District Manager (as hereinafter defined). The Act provides that a district manager has charge and supervision of the works of the District and is responsible for preserving and maintaining any improvement or facility constructed or erected pursuant 23 16I1A2 to the provisions of the Act,for maintaining and operating the equipment owned by the District,and for performing such other duties as may be prescribed by the Board. The District has retained Inframark Infrastrucutre Management Services, Fort Myers, Florida, to serve as the District Manager. The District Manager's office is located at 5911 Country Lakes Drive, Fort Myers,Florida 33905,telephone number(239)245-7118. The Act further authorizes the Board to hire such employees and agents as it deems necessary. Thus, the District has employed the services of Akerman LLP, Orlando, Florida, as Bond Counsel; and Coleman Yovanovich Koester, P.A., Naples, Florida, as District Counsel. The Board has also retained Inframark Infrastructure Management Services, Fort Myers, Florida, to serve as District Manager and Assessment Consultant and to prepare the Assessment Report. Stormwater Infrastructure The District's stormwater infrastructure consists of 29 onsite lakes totaling approximately 110 acres and one large lake("Lake 30")that is shared with an adjacent residential development(The Quarry) that totals approximately 190 acres. Lake 30 is split into two lakes ("Lake 30A" and "Lake 30B") by Heritage Bay Blvd.;Lake 30A is to the east and Lake 30B is to the west.The stormwater infrastructure is permitted through South Florida Water Management District under permit number 11-02234-P. Amenities All homeowners in the District gain automatic membership in Heritage Bay Golf and Country Club (the "Club"), a Florida not-for-profit corporation, which is owned and managed by the master homeowners association, HB Master Association ("HBMA"). There is no equity or deposit required to become a member. The Club includes a 27 hole Lewis-Azinger designed championship golf course, complete with an aqua driving range and fully stocked golf shop. The clubhouse at the Club houses administrative offices, the main dining and the Grille Room restaurant, a card room, billiards room, men's and ladies locker rooms with saunas and a fully stocked golf shop. Other amenities include a tennis facility with seven lighted, manicured Har-Tru tennis courts with grand stand seating for tournament play, social or charity events and an on-site tennis professional;two lighted Pickeiball courts; a 20,000 square foot fitness center with a full time certified personal trainer;and,a main resort pool with food service at the clubhouse and five satellite pools throughout the District. HB Master Association The HBMA is resident controlled and is responsible for social and recreational aspects of the District as well as managing all common areas. There are 21 sub-associations representing neighborhoods throughout the District. For 2018,the HBMA imposed the following fee schedule: Annual Dues(Heritage Bay Golf and Country Club) $4,121 New Capital Dues 15 Reserve Dues 744 Cable Dues(Basic Cable) 691 Umbrella Dues(for HBMA) 25 Total HBMA Fees(1) $5,596 Per Month(') $466.33 24 1611A2 (1) Does not include annual dues for sub-associations. [DISCUSS SUBASSOCIATION DUES] Source: District Manager Prior Defaulted Bonds The District has not defaulted or restructu red any of its prior debt. THE SERIES 2018 ASSESSMENTS The following information has been furnished by the District or the District Manager or was obtained from publicly available sources for inclusion in this Official Statement and,although believed to be reliable, such information has not been independently verified by the Underwriter or its counsel, District Counsel or Bond Counsel. General The Assessment Area encompasses the District and includes 1,250 residential units. The District will levy and collect the Series 2018 Assessments based upon the same methodology as utilized for the Series 2005 Bonds and the Series 2014 Bonds. The Assessment Consultant has stated that the duty per parcel to pay for the special benefits to the property is fairly and reasonably apportioned and does not exceed the ascertained value of the special benefit. [The District may have a significant number of residences owned as second homes or vacation homes. According to the property tax roll for 20_, 847 units in the District have a mailing address other than Naples,Florida, of which are condominium units. This represents approximately 2/3 of the total residential units in the District] Assessed Value of Land in Assessment Area Based on information obtained from the Collier County Property Appraiser, the total 2018 assessed value for all assessable parcels in the District is approximately$ ,which equates to an overall assessed value to lien ratio for the District of approximately to 1. Series 2018 Assessments by Product Type The unit mix and average market value of units in the District are as follows: Product Type Number Average Market Value) Executive Single Family Detached 139 $436,792 Classics Single Family Detached 95 $576,542 Classics II Single Family Detached 18 $593,771 Coach Condominium 184 $312,128 2 Story(Veranda) Condominium 364 $243,403 4 Story(Terrace) Condominium 450 $171,752 (1) Source: Assessment Report 25 16I lA2 The maximum annual Series 2018 Assessments and percentage of Series 2018 Assessments by product type are shown below: Series 2018 Assessments Allocation of Series 2018 Bonds" (Years 2018-2029) Proposed Proposed Maximum Maximum Annual Debt Total Assessed Estimated Proposed Principal Annual Debt Service Per Annual Product Type Units Principal Balance Balance Per Unit Service Unit Increase Executive 139 $2,172,933.88 $15,632.62 $321,154.76 $2,310.47 $ 81622 Classics 95 2,348,386.05 24,719.85 347,086.20 3,653.54 1,290.69 Classics TT 18 480,623.40 26,701.30 71,035.06 3,946.39 1,394.14 Coach 184 2,030,400.27 11,034.78 300,088.61 1,630.92 576.16 2 Story 364 3,347,219.90 9,195.66 494,711.61 1,359.10 480.13 4 Story 450 3,310,436.50 7,356.53 489,275.10 1,087.28 384.10 Total Series 2018 2018-2028 Debt 1,250 $13,690,000.00 $2,023,351.35(2) (1) Totals may not foot due to rounding. (2) Per unit assessments include allowance for early payment discount(4%)and collection costs(3.5%). Source: Assessment Report Series 2018 Assessments Allocation of Series 2018 Bonds Debt Service«( (Years 2030-2036) Proposed Proposed Maximum Maximum Annual Debt Increase Total Assessed Estimated Proposed Principal Annual Debt Service Per from Product Type Units Principal Balance Balance Per Unit Service Unit Series 2014 Executive 139 $1,181,701.44 $ 8,501.45 $215,824.12 $1,552.69 3.91% Classics 95 1,277,117.18 13,443.34 233,250.70 2,455.27 3.91% Classics II 18 261,376.27 14,520.90 47,737.36 2,652.08 3.91% Coach 184 1,104,187.73 6,001.02 201,667.13 1,096.02 3.91% 2 Story 364 1,820,310.60 5,000.85 332,458.70 913.35 3.91% 4 Story 450 1,800,306.77 4,000.68 328,805.23 730.68 3.91% Total Series 2018 2030-2036 Debt 1,250 $7,445,000.00 $1,359,743.24:2) (1) Totals may not foot due to rounding. (2) Per unit assessments include allowance for early payment discount(4%)and collection costs(3.5%). Source: Assessment Report 26 16 ` 1A2 Assessment Collection History The chart below illustrates the collection history of special assessments in the District for the past three fiscal years. Fiscal Year 2017 (Tax Year 2016) Fiscal Year 2016 Fiscal Year 2015 Fiscal Year 2014 (Unaudited) (Tax Year 2015). (Tax Year 2014) (Tax Year 2013) Debt Service Assessments Amount Levied(Net) 51,308,564 $1,308,564 $1,308,564 Amount Collected by April 1 $1,279,357 $1,291,408 $1,282,642 Amount Collected in April 20,674 7,473 19,876 Amount Collected after May 1 8,533 9,683 6,046 Net Amount Collected $1,308,564 $1,308,564 $1,308,564 Initial Collection Rate By April 1 97.8% 98.7% 98.0% By May 1 99.3% 99.3% 99.5% [Source: Need to include source and footnotes explaining why these differ from the audits.] Top Ten Taxpayers The top ten taxpayers in tax year 2017 of the District consist of any ten of the eighteen Classics II homes and collectively represented 2.26%of the total Series 2018 Assessments. Owner Number of Units Total Assessments Percent of Total Bruce Michael Mazer Liv Trust 2 $5,964.01 0.29% Sacco Jr,George J. 2 5,284.46 0.26% Nigro Family Partnership 2 5,033.67 0.25% Morris,Joseph M. 2 4,740.82 0.23% Ellen M.Bradley Rev Trust 2 4,620.94 0.23% One of the Classics II Owners 1 3,946.39 0.20% One of the Classics II Owners 1 3,946.39 0.20% One of the Classics II Owners 1 3,946.39 0.20% One of the Classics II Owners 1 3,946.39 0.20% One of the Classics II Owners 1 3,946.39 020% Total $45,375.85 2.26% [Source: .1 Overlapping Taxes and Operations and Maintenance Assessments There is currently no overlapping general obligation debt levied on property owned by landowners in the District by the County or the Collier County School Board. However, either Collier 27 1611A2 County or the School District of Collier County in the future could issue ad valorem tax secured debt that would result in overlapping taxes payable on the property owned by landowners in the District. In addition,public entities whose boundaries overlap those of the District,such as a county,a school board, a municipality and other special districts,could,without the consent of the owners of the land within the Assessment Area,impose additional taxes or assessments on the property within the Assessment Area. In addition to debt service assessments, annual ad valorem taxes as well as non-ad valorem special assessments levied by the District for its operation, maintenance, and administrative functions ("O&M Assessments"). The 2018 certified millage rate for the area of the County where the District is located is mills.The District's O&M Assessment rates for 2014 through and including 2018 were as follows: Year O&M Assessment/per unit 2018 $357.89 2017 $275.00 2016 $275.00 2015 $200.00 2014 $126.02 (1) [Explain increase from 2017 to 2018] (2) Increase from 2014 to 2015 is attributable to amounts levied to pay debt service on the 2015 Note. ENFORCEMENT OF ASSESSMENT COLLECTIONS General The primary source of payment for the Series 2018 Bonds is the revenues received by the District from the collection of Series 2018 Assessments imposed on certain lands in the District specially benefited by the Series 2018 Project and the Series 2005 Project. See"THE DISTRICT""herein and "APPENDIX D— ASSESSMENT REPORT"attached hereto. The imposition,levy,and collection of Series 2018 Assessments must be done in compliance with the provisions of Florida law. Failure by the District,the Collier County Tax Collector("Tax Collector")or the Collier County Property Appraiser ("Property Appraiser") to comply with such requirements could result in delay in the collection of,or the complete inability to collect,Series 2018 Assessments during any year. Such delays in the collection of Series 2018 Assessments,or complete inability to collect any Series 2018 Assessments, would have a material adverse effect on the ability of the District to make full or punctual payment of the debt service requirements on the Series 2018 Bonds. See "BONDOWNERS' RISKS." To the extent that landowners fail to pay the Series 2018 Assessments, delay payments, or are unable to pay the same, the successful pursuance of collection procedures available to the District is essential to continued payment of principal of and interest on the Series 2018 Bonds. For the Series 2018 Assessments to be valid, the Series 2018 Assessments must meet two requirements: (1) the benefit to the lands subject to the Series 2018 Assessments must exceed or equal the amount of the Series 2018 Assessments, and (2)the Series 2018 Assessments must be fairly and reasonably allocated across all such benefitted properties. The Assessment Consultant has stated that these requirements have been met with respect to the Series 2018 Assessments. 28 16I1A2 Pursuant to the Act, and the Series 2018 Assessment Proceedings, the District may collect the Series 2018 Assessments through a variety of methods. See "BONDOWNERS' RISKS" and "THE ASSESSMENT AREA" herein and "APPENDIX D - ASSESSMENT REPORT" attached hereto. The following is a description of certain statutory provisions relating to each of these collection methods. Such description is not intended to be exhaustive and is qualified in its entirety by reference to such statutes. Direct Billing&Foreclosure Procedure As noted above, and pursuant to Chapters 170 and 190 of the Florida Statutes, the District may directly levy,collect and enforce the Series 2018 Assessments.In this context,Section 170.10 of the Florida Statutes provides that upon the failure of any property owner to timely pay all or any part of the annual installment of principal and/or interest of a special assessment due, including the Series 2018 Assessments, the whole assessment, with the interest and penalties thereon, shall immediately become due and payable and subject to foreclosure. Generally stated, the governing body of the entity levying the special assessment,in this case the District,may foreclose by commencing a foreclosure proceeding in the same manner as the foreclosure of a real estate mortgage,or,alternatively,by commencing an action under Chapter 173,Florida Statutes,which relates to foreclosure of municipal tax and special assessment liens.Such proceedings are in rem, meaning that the action would be brought against the land, and not against the landowner. In light of the one year tolling period required before the District may commence a foreclosure action under Chapter 173, Florida Statutes, it is likely the District would commence an action to foreclose in the same manner as the foreclosure of a real estate mortgage rather than proceeding under Chapter 173,Florida Statutes. Enforcement of the obligation to pay Series 2018 Assessments and the ability to foreclose the lien of such Series 2018 Assessments upon the failure to pay such Series 2018 Assessments may not be readily available or may be limited because enforcement is dependent upon judicial action which is often subject to discretion and delay. Additionally,there is no guarantee that there will be demand for any foreclosed lands sufficient to repay the Series 2018 Assessments. See"BONDOWNERS'RISKS." Certain mortgage lenders have, in recent foreclosure suits brought under Chapter 170, Florida Statutes, by community development districts, plead a defense stating that a foreclosing district must abide by the same one (1) year period as Chapter 173, Florida Statutes, in order to begin foreclosure proceedings. The defense is, apparently, based upon recent amendments to Section 190.026, Florida Statutes, where, in an apparent attempt to clarify that not only Chapter 173, Florida Statutes, was available to districts for foreclosure, but that also Chapter 170, Florida Statutes, was available, that statute's language became less clear regarding the inapplicability of the one (1) year waiting period for districts employing Chapter 170, Florida Statutes. lo the extent that community development districts have taken a position on this, they have generally asserted that the one (1)year waiting period does not apply to Chapter 170,and at least one(1)Circuit Court has agreed. Uniform Method Procedure Subject to certain conditions, and for developed lands, the District may alternatively elect to collect the Series 2018 Assessments using the Uniform Method. The Uniform Method of collection is available only in the event the District complies with statutory and regulatory requirements and enters into agreements with the Tax Collector and Property Appraiser providing for the Series 2018 Assessments to be levied and then collected in this manner. 29 16i1A2 If the Uniform Method of collection is used, the Series 2018 Assessments will be collected together with City, County, school, special district, and other ad valorem taxes and non-ad valorem assessments(together,"Taxes and Assessments"),all of which will appear on the tax bill(also referred to as a"tax notice")issued to each landowner in the District. The statutes relating to enforcement of Taxes and Assessments provide that such Taxes and Assessments become due and payable on November 1 of the year when assessed,or as soon thereafter as the certified tax roll is received by the Tax Collector,and constitute a lien upon the land from January 1 of such year until paid or barred by operation of law. Such Taxes and Assessments-including the Series 2018 Assessments-are to be billed, and landowners in the District are required to pay, all Taxes and Assessments without preference in payment of any particular increment of the tax bill,such as the increment owing for the Series 2018 Assessments. All Taxes and Assessments are payable at one time,except for partial payment schedules as may be provided by Florida law such as Sections 197.374 and 197.222,Florida Statutes. Partial payments made pursuant to Sections 197.374 and 197.222, Florida Statutes, are distributed in equal proportion to all taxing districts and levying authorities applicable to that account. If a taxpayer does not make complete payment of the total amount, he or she cannot designate specific line items on his or her tax bill as deemed paid in full. Therefore, in the event the Series 2018 Assessments are to be collected pursuant to the Uniform Method, any failure to pay any one line item, would cause the Series 2018 Assessments to not be collected to that extent,which could have a significant adverse effect on the ability of the District to make full or punctual payment of the debt service requirements on the Series 2018 Bonds. Under the Uniform Method,if the Series 2018 Assessments are paid during November when due or during the following three months, the taxpayer is granted a variable discount equal to 4% in November and decreasing one percentage point per month to 1% in February. All unpaid Taxes and Assessments become delinquent on April 1 of the year following assessment. The Tax Collector is required to collect the Taxes and Assessments on the tax bill prior to April 1 and, after that date, to institute statutory procedures upon delinquency to collect such Taxes and Assessments through the sale of"tax certificates,"as discussed below. Delay in the mailing of tax notices to taxpayers may result in a delay throughout this process. Neither the District nor the Underwriter can give any assurance to the holders of the Series 2018 Bonds(1)that the past experience of the Tax Collector with regard to tax and special assessment delinquencies is applicable in any way to the Series 2018 Assessments, (2)that future landowners and taxpayers in the District will pay such Series 2018 Assessments, (3)that a market may exist in the future for tax certificates in the event of sale of such certificates for taxable units within the District, and (4) that the eventual sale of tax certificates for real property within the District, if any, will be for an amount sufficient to pay amounts due under the Series 2018 Assessment Proceedings to discharge the lien of the Series 2018 Assessments and all other liens that are coequal therewith. Collection of delinquent Series 2018 Assessments under the Uniform Method is,in essence,based upon the sale by the Tax Collector of"tax certificates"and remittance of the proceeds of such sale to the District for payment of the Series 2018 Assessments due. Prior to the sale of tax certificates, the landowner may bring current the delinquent Taxes and Assessments and cancel the tax certificate process by paying the total amount of delinquent Taxes and Assessments plus the cost of advertising and the applicable interest charge on the amount of such delinquent Taxes and Assessments. If the landowner does not act, the Tax Collector is required to attempt to sell tax certificates by public bid to the person who pays the delinquent Taxes and Assessments owing,penalties and interest thereon and certain costs, 30 161 1 A 2 and who accepts the lowest interest rate per annum to be borne by the certificates (but not more than 18%). If there are no bidders, the tax certificate is issued to the County. The County is to hold,but not pay for, the tax certificate with respect to the property, bearing interest at the maximum legal rate of interest, which is currently 18%. The Tax Collector does not collect any money if tax certificates are issued,or"struck off,"to the County. The County may sell such certificates to the public at any time after issuance,but before a tax deed application is made, at the face amount thereof plus interest at the rate of not more than 18%per annum, costs and a fee. Proceeds from the sale of tax certificates are required to be used to pay Taxes and Assessments (including the Series 2018 Assessments), interest, costs and charges on the real property described in the certificate. Any tax certificate in the hands of a person other than the County may be redeemed and canceled,in whole or in part(under certain circumstances),at any time before a tax deed is issued(unless full payment for a tax deed is made to the clerk of court, including documentary stamps and recording fees), at a price equal to the face amount of the certificate or portion thereof together with all interest, costs, and charges due. Regardless of the interest rate actually borne by the certificates, persons redeeming tax certificates must pay a minimum interest rate of 5%, unless the rate borne by the certificates is zero percent. The proceeds of such a redemption are paid to the Tax Collector who transmits to the holder of the tax certificate such proceeds less service charges, and the certificate is canceled. Redemption of tax certificates held by the County is effected by purchase of such certificates from the County,as described above. Any holder, other than the County, of a tax certificate that has not been redeemed has seven years from the date of issuance of the tax certificate during which to act against the land that is the subject of the tax certificate. After an initial period ending two years from April 1 of the year of issuance of a certificate, during which period actions against the land are held in abeyance to allow for sales and redemptions of tax certificates, and before the expiration of seven years from the date of issuance, the holder of a certificate may apply for a tax deed to the subject land. The applicant is required to pay to the Tax Collector at the time of application all amounts required to redeem or purchase all other outstanding tax certificates covering the land, plus interest, any omitted taxes or delinquent taxes and interest, and current taxes, if due(as well as any costs of resale, if applicable). If the County holds a tax certificate on property valued at$5,000 or more and has not succeeded in selling it, the County must apply for a tax deed two years after April 1 of the year of issuance of the certificate. The County pays costs and fees to the Tax Collector but not any amount to redeem any other outstanding certificates covering the land. Thereafter,the property is advertised for public sale. In any such public sale conducted by the Clerk of the Circuit Court,the private holder of the tax certificate who is seeking a tax deed for non-homestead property is deemed to submit a minimum bid equal to the amount required to redeem the tax certificate, charges for the cost of sale, including costs incurred for the service of notice required by statute,redemption of other tax certificates on the land,and the amount paid by such holder in applying for the tax deed, plus interest thereon. In the case of homestead property, the minimum bid is also deemed to include, in addition to the amount of money required for the minimum bid on non-homestead property, an amount equal to one-half of the latest assessed value of the homestead. If there are no higher bids,the holder receives title to the land,and the amounts paid for the certificate and in applying for a tax deed are credited toward the purchase price. If there are other bids, the holder may enter the bidding. The highest bidder is awarded title to the land. The portion of proceeds of such sale needed to redeem the tax certificate, and all other amounts paid by 31 1 6 I 1 A 2 such person in applying for a tax decd, are forwarded to the holder thereof or credited to such holder if such holder is the successful bidder. Excess proceeds are distributed first to satisfy governmental liens against the land and then to the former title holder of the property (less service charges), lienholder of record, mortgagees of record, vendees of recorded contracts for deeds, and other lienholders and any other person to whom the land was last assessed on the tax roll for the year in which the land was assessed,all as their interest may appear. Except for certain governmental liens and certain restrictive covenants and restrictions, no right, interest,restriction or other covenant survives the issuance of a tax deed. Thus,for example,outstanding mortgages on property subject to a tax deed would be extinguished. If there are no bidders at the public sale, the County may, at any time within ninety (90)days from the date of offering for public sale, purchase the land without further notice or advertising for a statutorily prescribed opening bid. After ninety(90) days have passed,any person or governmental unit may purchase the land by paying the amount of the opening bid. Ad valorem taxes and non-ad valorem assessments accruing after the date of public sale do not require repetition of the bidding process but are added to the minimum bid. Three years from the date of delinquency, unsold lands escheat to the County in which they are located and all tax certificates and liens against the property are canceled and a deed is executed vesting title in the governing board of such County. There can be no guarantee that the Uniform Method will result in the payment of Series 2018 Assessments. For example, the demand for tax certificates is dependent upon various factors, which include the rate of interest that can be earned by ownership of such certificates and the underlying value of the land that is the subject of such certificates and which may be subject to sale at the demand of the certificate holder. Therefore, the underlying market value of the property within the District may affect the demand for certificates and the successful collection of the Series 2018 Assessments, which are the primary source of payment of the Series 2018 Bonds. Additionally, legal proceedings under Federal bankruptcy law brought by or against a landowner who has not yet paid his or her property taxes or assessments would likely result in a delay in the sale of tax certificates. See "BONDOWNERS' RISKS" herein. BONDOWNERS'RISKS There are certain risks inherent in an investment in bonds secured by special assessments issued by a public authority or governmental body in the State of Florida. Certain of such risks are associated with the Series 2018 Bonds offered hereby and are set forth below. This section does not purport to summarize all risks that may be associated with purchasing or owning the Series 2018 Bonds and prospective purchasers are advised to read this Official Statement,including all appendices hereto,in its entirety to identify investment considerations relating to the Series 2018 Bonds. Prospective investors in the Series 2018 Bonds should have such knowledge and experience in financial and business matters to be capable of evaluating the merits and risks of an investment in the Series 2018 Bonds and have the ability to bear the economic risks of such prospective investment,including a complete loss of such investment. Limited Pledge The principal security for the payment of the principal of and interest on the Series 2018 Bonds is the timely collection of the Series 2018 Assessments. Recourse for the failure of any landowner to pay the 32 16IiAi Series 2018 Assessments, or otherwise fail to comply with its obligations, is limited to the collection proceedings against the land, which proceedings differ depending on whether the Series 2018 Assessments are being collected pursuant to the Uniform Method of Collection or by the District. The Series 2018 Assessments do not constitute a personal indebtedness of the landowners, but are secured only by a lien on the land in the Assessment Area. The District has not granted,and may not grant under Florida law, a mortgage or security interest on any land subject to the Series 2018 Assessments. Furthermore, the District has not pledged the revenues, if any, from the operation of any portion of the Series 2018 Project or the Series 2005 Project as security for, or a source of payment of, the Series 2018 Bonds.Several mortgage lenders have in the past,raised legal challenges to the primacy of liens similar to those of the Series 2018 Assessments in relation to the liens of mortgages burdening the same real property. There can be no assurance that mortgage lenders will not challenge the priority of the lien status of the Series 2018 Assessments in the event that actions are taken to foreclose on any property in the Assessment Area. Bankruptcy and Related Risks The various legal opinions to be delivered concurrently with the delivery of the Series 2018 Bonds (including Bond Counsel's approving opinion) will be qualified as to the enforceability of the various legal instruments by limitations imposed by bankruptcy,reorganization, insolvency or other similar laws affecting the rights of creditors enacted before or after such delivery. Under existing constitutional and statutory law and judicial decisions;in the event of the institution of bankruptcy or similar proceedings with respect to any landowner,the remedies specified by federal,state and local law and in the Indenture and the Series 2018 Bonds, including, without limitation,enforcement of the obligation to pay the Series 2018 Assessments may not be readily available or may be limited. Bankruptcy can also affect the ability of(1)the landowner being able to pay the Series 2018 Assessments;(2)the Tax Collector being able to sell tax certificates related to land owned by a landowner in bankruptcy,to the extent the Uniform Method of Collection is being utilized for collecting the Series 2018 Assessments, and(3)the inability,of the District to foreclose the lien of the Series 2018 Assessments not being collected by the Uniform Method of Collection. Any such adverse effect,either partially or fully,on the ability to enforce such remedies could have a material adverse effect on the District's ability to make the full or punctual payment of debt service on the Series 2018 Bonds. Delay and Discretion Regarding Remedies The remedies available to the owners of the Series 2018 Bonds are in many respects dependent upon judicial actions which are often subject to discretion and delay.In addition to legal delays that could result from bankruptcy, the ability of the District to enforce collection of delinquent Series 2018 Assessments will be dependent upon various factors, including the delay inherent in any judicial proceeding and the value of the land which is the subject of such proceedings and which may be subject to sale. In addition, if the District commences a foreclosure action against a landowner for nonpayment of Series 2018 Assessments, such landowner might raise affirmative defenses to such foreclosure action, which affirmative defenses could result in delays in completing the foreclosure action. Limitation on Funds Available to Exercise Remedies In the event of a default by a landowner in payment of Series 2018 Assessments,if the Series 2018 Assessments are not collected under the Uniform Method, the District is required under the Indenture to fund the costs of foreclosure. It is possible that the District will not have sufficient funds therefor and will 33 1611A2 be compelled to request the owners of the Series 2018 Bonds to allow funds on deposit under the Indenture to be used to pay such costs. Under the Code, there are limitations on the amount of Series 2018 Bond proceeds that can be used for such purposes. As a result, there may be insufficient funds for the exercise of remedies. Determination of Land Value upon Default To the extent that any portion of the Series 2018 Assessments are being collected by the Uniform Method, the ability of the Tax Collector to sell tax certificates, and to the extent that any portion of the Series 2018 Assessments are not being collected by the Uniform Method of Collection, the ability of the District to sell land upon foreclosure,both will be dependent upon various factors,including the interest rate which can be earned by ownership of such certificates and the value of the land which is the subject of such certificates and which may be subject to sale at the demand of the certificate holder after two years. The determination of the benefits to be received by the benefitted land within the District as a result of implementation and development of the Series 2018 Project is not indicative of the realizable or market value of the land,which value may actually be higher or lower than the assessment of benefits. In other words,the value of the land could potentially be ultimately less than the debt secured by the Series 2018 Assessments associated with it. To the extent that the realizable or market value of the land is lower than the assessment of benefits,the ability of the Tax Collector to sell tax certificates relating to such land, or the District to sell such land upon foreclosure, may be adversely affected. Such adverse effect could render the District unable to collect Delinquent Assessments, if any, and could negatively impact the ability of the District to make the full or punctual payment of debt service on the Series 2018 Bonds. Landowner Challenge of Assessed Valuation Florida law provides a procedure whereby a taxpayer may contest a "tax assessment." It is unclear whether this procedure applies to non-ad valorem assessments such as the Series 2018 Assessments and there are judicial decisions that support both views. Under the procedure, a taxpayer may bring suit to contest a "tax assessment" if the taxpayer pays the amount of "tax" that the taxpayer admits to owing.Upon the making of such payment,all procedures for the collection of the unpaid taxes are suspended until the suit is resolved. If it is determined that the procedure applies to non-ad valorem assessments such as the Series 2018 Assessments, it is possible that such a challenge could result in collection procedures for Delinquent Assessments being held in abeyance until the challenge is resolved. This would result in a delay in the collection of the Series 2018 Assessments which could have a material adverse effect upon the ability of the District to timely make full or punctual payment of debt service on the Series 2018 Bonds. If the Series 2018 Assessments are being collected along with ad valorem taxes pursuant to the Uniform Method, tax certificates will not be sold while the challenge is pending with respect to the Series 2018 Assessments even if the landowner is not contesting the amount of such special assessments. Failure to Comply with Assessment Proceedings The District is required to comply with statutory procedures in levying the Series 2018 Assessments. Failure of the District to follow these procedures could result in the Series 2018 Assessments not being levied or potential future challenges to such levy. 34 1611A2 Other Taxes The willingness and/or ability of a landowner within the Assessment Area to pay the Series 2018 Assessments could be affected by the existence of other taxes and assessments imposed upon the property. Public entities whose boundaries overlap those of the District,such as a county,a school board, a municipality and other special districts,could,without the consent of the owners of the land within the Assessment Area, impose additional taxes or assessments on the property within the Assessment Area. County, municipal, school and special district taxes and assessments, and voter-approved ad valorem taxes levied to pay principal of and interest on bonds,including the Series 2018 Assessments,are payable at the same time when collected under the Uniform Method. If a taxpayer does not make complete payment, he or she cannot designate specific line items on the tax bill as deemed paid in full. In such case,the Tax Collector does not accept partial payment. Therefore,any failure by a landowner to pay any one line item, whether or not it is the Series 2018 Assessments, would result in such landowner's Series 2018 Assessments to not be collected, which could have a significant adverse impact on the District's ability to make full or punctual payment of debt service on the Series 2018 Bonds. The District may also impose additional assessments which could encumber the property burdened by the Series 2018 Assessments. The District anticipates imposing operation and maintenance assessments encumbering the same property encumbered by the Series 2018 Assessments. In addition, lands within the District are subject to assessments by property and home owner associations. Inadequacy of Reserve Some of the risk factors described herein, which, if materialized, could result in a delay in the collection of the Series 2018 Assessments or a failure to collect the Series 2018 Assessments,but may not affect the timely payment of debt service on the Series 2018 Bonds because of the 2018 Reserve Account established by the District for the Series 2018 Bonds. However, the ability of the District to fund deficiencies caused by delinquent or delayed Series 2018 Assessments is dependent upon the amount, duration and frequency of such deficiencies or delays. If the District has difficulty in collecting the Series 2018 Assessments, the 2018 Reserve Account could be rapidly depleted and the ability of the District to pay debt service could be materially adversely affected. Owners should note that although the Indenture contains a 2018 Reserve Account Requirement for the 2018 Reserve Account, and a corresponding obligation on the part of the District to replenish such 2018 Reserve Account to the 2018 Reserve Account Requirement, the District does not have a designated revenue source for replenishing such 2018 Reserve Account. Moreover, the District will not be permitted to re-assess real property then burdened by the Series 2018 Assessments in order to provide for the replenishment of any 2018 Reserve Account. Moneys on deposit in the 2018 Reserve Account may be invested in certain obligations permitted under the Indenture. Fluctuations in interest rates and other market factors could affect the amount of moneys available in such 2018 Reserve Account to make up deficiencies or delays in collection of Series 2018 Assessments. Damage to District from Natural Disasters The value of the lands subject to the Series 2018 Assessments could be adversely affected by flooding or wind damage caused by hurricanes,tropical storms,or other catastrophic events. In addition to potential damage or destruction to any existing development or construction in or near the District, such catastrophic events could potentially render the District lands unable to support the development 35 1611A2 and construction of the Series 2018 Project. The occurrence of any such events could materially adversely affect the District's ability to collect Series 2018 Assessments and pay debt service on the Series 2018 Bonds. The [Series 2018 Bonds are not insured] and the District's casualty insurance policies do not insure against losses incurred on private lands within its boundaries. Limited Secondary Market The Series 2018 Bonds may not constitute a liquid investment, and there is no assurance that a liquid secondary market will exist for the Series 2018 Bonds in the event an owner thereof determines to solicit purchasers of the Series 2018 Bonds. Even if a liquid secondary market exists, there can be no assurance as to the price for which the Series 2018 Bonds may be sold. Such price may be lower than that paid by the current owner of the Series 2018 Bonds. Interest Rate Risk;No Rate Adjustment for Taxability The interest rate borne by the Series 2018 Bonds is,in general,higher than interest rates borne by other bonds of political subdivisions that do not involve the same degree of risk as investment in the Series 2018 Bonds. These higher interest rates are intended to compensate investors in the Series 2018 Bonds for the risk inherent in a purchase of the Series 2018 Bonds. However,such higher interest rates,in and of themselves,increase the amount of Series 2018 Assessments that the District must levy in order to provide for payment of debt service on the Series 2018 Bonds, and, in turn, may increase the burden of landowners within the District,thereby possibly increasing the likelihood of non-payment or delinquency in payment of such Series 2018 Assessments. The Indenture does not contain an adjustment of the interest rate on the Series 2018 Bonds in the event of a determination of taxability of the interest thereon. Such a change could occur as a result of the District's failure to comply with tax covenants contained in the Indenture or due to a change in the United States income tax laws. Should interest on the Series 2018 Bonds become includable in gross income for federal income tax purposes,owners of the Series 2018 Bonds will be required to pay income taxes on the interest received on such Series 2018 Bonds and related penalties. Because the interest rate on such Series 2018 Bonds will not be adequate to compensate owners of the Series 2018 Bonds for the income taxes due on such interest, the value of the Series 2018 Bonds may decline. Prospective purchasers of the Series 2018 Bonds should evaluate whether they can own the Series 2018 Bonds in the event that the interest on the Series 2018 Bonds becomes taxable and/or the District is ever determined to not be a political subdivision for purposes of the Code and/or Securities Act. IRS Audit and Examination Risk The Internal Revenue Service (the "IRS") routinely examines bonds issued by state and local governments,including bonds issued by community development districts. There is no assurance that an audit by the IRS of the Series 2018 Bonds will not be commenced. Owners of the Series 2018 Bonds are advised that,if the IRS does audit the Series 2018 Bonds,under its current procedures,at least during the early stages of an audit, the IRS will treat the District as the taxpayer, and the owners of the Series 2018 Bonds may have limited rights to participate in such procedure.* The commencement of such an audit could adversely affect the market value and liquidity of the Series 2018 Bonds until the audit is concluded, regardless of the ultimate outcome. In addition, in the event of an adverse determination by *Owners of the Series 2018 Bonds are advised to consult with their own tax advisors regarding their rights(if any)with respect to such audit. 36 1 6 1 1 A 2 the IRS with respect to the tax-exempt status of interest on the Series 2018 Bonds,it is unlikely the District will have available revenues to enable it to contest such determination or enter into a voluntary financial settlement with the IRS. An adverse determination by the IRS with respect to the tax-exempt status of interest on the Series 2018 Bonds may adversely impact any secondary market for the Series 2018 Bonds, and,if a secondary market exists, will likely adversely impact the price for which the Series 2018 Bonds may be sold. Tt has been reported that the IRS has recently closed audits of other community development districts in Florida with no change to such districts' bonds' tax exempt status, but has advised such districts that such districts must have public electors within five years of the issuance of tax-exempt bonds or their bonds may be determined to be taxable retroactive to the date of issuance. Pursuant to the Act, general elections are not held until the later of six years from the date of establishment of the community development district or the time at which there are at least 250 qualified electors in the district. There can be no assurance that an audit by the IRS of the Series 2018 Bonds will not be commenced. The District has no reason to believe that any such audit will be commenced, or that any such audit, if commenced, would result in a conclusion of noncompliance with any applicable state or federal law. During recent years, legislative proposals have been introduced in Congress, and in some cases enacted,that altered certain federal tax consequences resulting from the ownership of obligations that are similar to the Series 2018 Bonds. In some cases, these proposals have contained provisions that altered these consequences on a retroactive basis. Such alteration of federal tax consequences may have affected the market value of obligations similar to the Series 2018 Bonds. From time to time,legislative proposals are pending which could have an effect on both the federal tax consequences resulting from ownership of the Series 2018 Bonds and their market value. No assurance can be given that legislative proposals will not be enacted that would apply to, or have an adverse effect upon, the Series 2018 Bonds. In addition, the IRS may,in the future, issue rulings that have the effect of changing the interpretation of existing tax laws. For example,in connection with federal deficit reduction, job creation and tax law reform efforts,proposals have been made and others arc likely to be made that could significantly reduce the benefit of, or otherwise affect, the exclusion from gross income of interest on obligations like the Series 2018 Bonds. There can be no assurance that any such legislation or proposal will be enacted, and if enacted, what form it may take. The introduction or enactment of any such legislative proposals may affect,perhaps significantly,the market price for,or marketability of the Series 2018 Bonds. Florida Village Center TAM The IRS recently concluded its lengthy examination of certain issues of bonds (for purposes of this paragraph, the "Audited Bonds") issued by Village Center Community Development District (the "Village Center CDD"). During the course of the audit of the Audited Bonds, Village Center CDD received a ruling dated May 30, 2013, in the form of a non-precedential technical advice memorandum ("TAM")concluding that Village Center CDD is not a political subdivision for purposes of Section 103(a) of the Code because Village Center CDD was organized and operated to perpetuate private control and avoid indefinitely responsibility to an electorate, either directly or through another elected state or local government body. Such a conclusion could lead to the further conclusion that the interest on the Audited Bonds was not excludable from gross income of the owners of such bonds for federal income tax purposes. Village Center CDD received a second TAM dated June 17, 2015, which granted relief to Village Center CDD from retroactive application of the IRS's conclusion regarding its failure to qualify as a political subdivision. Prior to the conclusion of the audits, the Audited Bonds were all refunded with 37 16114e taxable bonds. The audit of the Audited Bonds that were issued for utility improvements were closed without change to the tax exempt status of those Audited Bonds on April 25, 2016, and the audit of the remainder of the Audited Bonds (which funded recreational amenity acquisitions from entities related to the principal landowner in the Village Center CDD)was closed on July 14,2016,without the IRS making a final determination that the interest on the Audited Bonds in question was required to be included in gross income. However, the IRS letter to the Village Center CDD with respect to this second set of Audited Bonds noted that the Agency found that the Village Center CDD was not a"proper issuer of tax- exempt bonds" and that those Audited Bonds were private-activity bonds that did not fall in any of the categories that qualify for tax-exemption.Although the TAMs and the letters to the Village Center CDD from the IRS referred to above are addressed to,and binding only on,the IRS and Village Center CDD in connection with the Audited Bonds, they reflect the audit position of the IRS, and there can be no assurance that the IRS would not commence additional audits of bonds issued by other community development districts raising issues similar to the issues raised in the case of the Audited Bonds based on the analysis set forth in the first TAM or on the related concerns addressed in the July 14,2016 letter to the Village Center CDD. Legislative Proposals and State Tax Reform It is impossible to predict what new proposals may be presented regarding ad valorem tax reform and/or community development districts during upcoming legislative sessions,whether such new proposals or any previous proposals regarding the same will be adopted by the Florida Senate and House of Representatives and signed by the Governor, and, if adopted, the form thereof. It is impossible to predict with certainty the impact that any pending or future legislation will or may have on the security for the Series 2018 Bonds. Loss of Exemption from Securities Registration Since the Series 2018 Bonds have not been,and will not be,registered under the Securities Act,or any state securities laws, because of the exemption for political subdivisions regardless of an IRS determination that the District is not a political subdivision for purposes of the Code, it is possible that federal or state regulatory authorities could independently determine that the District is not a political subdivision for purposes of the federal and state securities laws. Accordingly,the District and purchasers of the Series 2018 Bonds may not be able to rely on the exemption from registration relating to securities issued by political subdivisions. In that event,the owners of the Series 2018 Bonds would need to ensure that subsequent transfers of the Series 2018 Bonds are made pursuant to a transaction that is not subject to the registration requirements of the Securities Act. Performance of District Professionals The District has represented to the Underwriter that it has selected its District Manager,District Counsel, Consulting Engineer, Assessment Consultant, Trustee and other professionals with the appropriate due diligence and care. While the foregoing professionals have each represented that they have the respective requisite experience to accurately and timely perform the duties assigned to them in such roles,the District does not guarantee the performance of such professionals. 38 1 6 1 1 A 2 Mortgage Default and FDIC In the event a bank forecloses on a property in the Assessment Area because of a default on a mortgage with respect thereto and then the bank itself fails, the Federal Deposit Insurance Corporation (the"FDIC'),as receiver, will then become the fee owner of such property. In such event,the FDIC will not, pursuant to its own rules and regulations, likely be liable to pay the Series 2018 Assessments. h1 addition, the District would be required to obtain the consent of the FDIC prior to commencing a foreclosure action on such property for failure to pay Series 2018 Assessments. This section does not purport to summarize all risks that may be associated with purchasing or owning the Series 2018 Bonds and prospective purchasers are advised to read this Official Statement in its entirety, to visit the District and to ask questions of representatives of the District to obtain a more complete description of investment considerations relating to the Series 2018 Bonds. 39 1611AZ ESTIMATED SOURCES AND USES OF FUNDS Series 2018A-1 Series 2018A-2 Sources: Bonds Bonds Total Par Amount of Series 2018A-1 Bonds $ $ S Par Amount of Series 2018A-2 Bonds Less[Plus]:Net Original Issue Discount[Premium] Plus Other Legally Available Moneys(1) Total Sources $ $ S Uses: Payment of Series 2014 Bonds $ $ $ Payment of 2015 Note Deposit to Series 2018A-1 Interest Account(2) Deposit to Series 2018A-2 Interest Account(3) Deposit to Series 2018 Reserve Account Costs of Issuance(4) Total Uses $ $ $ (1) Represents moneys remaining in the funds and accounts created under the Indenture for the benefit of the Series 2014 Bonds and 2015 Note. (2) Represents interest due on the Series 2018A-1 Bonds on November 1,2018. (3) Represents interest due on the Series 2018A-2 Bonds on November 1,2018.. (4) Costs of issuance include,without limitation,underwriter's discount, legal fees and other costs associated with the issuance of the Series 2018 Bonds, including the Bond Insurance Policy Premium and Reserve Policy Premium,if any. [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 40 DEBT SERVICE REQUIREMENTS 1 6 1 1 A 2 The following table sets forth the scheduled debt service on the Series 2018 Bonds: Series 2018 Series 2018A-1 Bonds Series 2018A-2 Bonds Bonds May 1 Principal Interest Total Principal Interest Total Total Total [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 41 1611A2 TAX MATTERS The Internal Revenue Code of 1986, as amended (the "Code"), includes requirements which the District must continue to meet after the issuance of the Series 2018 Bonds in order that interest on the Series 2018 Bonds not be included in gross income for federal income tax purposes. The failure by the District to meet these requirements may cause interest on the Series 2018 Bonds to be included in gross income for federal income tax purposes retroactively to their date of issuance. The District has covenanted to comply with the requirements of the Code in order to maintain the excludability of interest on the Series 2018 Bonds from gross income for federal income tax purposes. In the opinion of Akerman LLP, Bond Counsel, under existing statutes, regulations, published rulings and court decisions and assuming continuing compliance with certain covenants and the accuracy of certain representations,(i)interest on the Series 2018 Bonds is excludable from gross income for federal income tax purposes under Section 103 of the Code, (ii) interest on the Series 2018 Bonds will not be a specific preference item for purposes of the federal alternative minimum tax imposed on individuals, and (iii) the Series 2018 Bonds and the interest thereon will not be subject to taxation under the laws of the State, except estate taxes and taxes under Chapter 220, Florida Statutes, as amended, on interest, income or profits on debt obligations owned by corporations as defined therein. Except as described above, Bond Counsel will express no opinion regarding the federal income tax consequences resulting from the ownership of, receipt of interest on, or disposition of the Series 2018 Bonds. Prospective purchasers of the Series 2018 Bonds should be aware that the ownership of the Series 2018 Bonds may result in other collateral federal tax consequences. Prospective purchasers of the Series 2018 Bonds should consult their own tax advisors as to the impact of these other tax consequences. Federal legislation enacted in 2017 eliminates alternative minimum tax for corporations for taxable years beginning after December 31, 2017. For taxable years beginning before January 1, 2018, corporations should consult their tax advisor regarding alternative minimum tax implications of owning the Series 2018 Bonds. Bond Counsel's opinion is based on existing law, which is subject to change. Moreover, Bond Counsel's opinion is not a guarantee of a particular result, and is not binding on the Internal Revenue Service or the courts; rather, such opinion represents Bond Counsel's professional judgment based on its review of existing law,and in reliance on the representations and covenants that it deems relevant to such opinion. From time to time, there are legislative proposals suggested, debated, introduced or pending in Congress that,if enacted into law, could alter or amend one or more of the federal tax matters described above including, without limitation, the excludability from gross income of interest on the Series 2018 Bonds, adversely affect the market price or marketability of the Series 2018 Bonds, or otherwise prevent the holders from realizing the full current benefit of the status of the interest thereon. It cannot be predicted whether or in what form any such proposal may be enacted, or whether, if enacted, any such proposal would apply to the Series 2018 Bonds. If enacted into law, such legislative proposals could affect the market price or marketability of the Series 2018 Bonds. Prospective purchasers of the Series 2018 Bonds should consult their tax advisors as to the impact of any proposed or pending legislation. 42 1611A2 AGREEMENT BY THE STATE Under the Act, the State pledges to the holders of any bonds issued thereunder, including the Series 2018 Bonds, that it will not limit or alter the rights of the District to own, acquire, construct, reconstruct, improve, maintain, operate or furnish the projects subject to the Act or to levy and collect taxes,assessments,rentals,rates,fees, and other charges provided for in the Act and to fulfill the terms of any agreement made with the holders of such bonds and that it will not in any way impair the rights or remedies of such holders. LEGALITY FOR INVESTMENT The Act provides that the Series 2018 Bonds are legal investments for savings banks,banks, trust companies, insurance companies, executors, administrators, trustees, guardians, and other fiduciaries, and for any board, body, agency, instrumentality, county, municipality or other political subdivision of the State, and constitute securities which may be deposited by banks or trust companies as security fur deposits of state, county, municipal or other public funds, or by insurance companies as required or voluntary statutory deposits. ENFORCEABILITY OF REMEDIES The remedies available to the Owners of the Series 2018 Bonds upon an event of default under the Indenture are in many respects dependent upon judicial actions which are often subject to discretion and delay. Under existing constitutional and statutory law and judicial decisions, including the federal bankruptcy code, the remedies specified by the Indenture and the Series 2018 Bonds may not be readily available or may be limited. The various legal opinions to be delivered concurrently with the delivery of the Series 2018 Bonds will be qualified as to the enforceability of the remedies provided in the various legal instruments,by limitations imposed by bankruptcy,reorganization,insolvency or other similar laws affecting the rights of creditors enacted before or after such delivery. LITIGATION There is no litigation pending or,to the knowledge of the District,threatened,against the District of any nature whatsoever which in any way questions or affects the validity of the Series 2018 Bonds,or any proceedings or transactions relating to their issuance,sale,execution,or delivery, or the execution of the Indenture. Neither the creation, organization or existence of the District,nor the title of the present members of the Board or the District Manager is being contested. CONTINGENT FEES The District has retained Bond Counsel, District Counsel, the District Engineer, the Assessment Consultant, the Financial Advisor, the Underwriter (who has retained Underwriter's Counsel) and the Trustee (who has retained Trustee's Counsel), with respect to the authorization, sale, execution and delivery of the Series 2018 Bonds. Except for the payment of fees to District Counsel, the District Engineer and the Assessment Consultant, the payment of fees of the other professionals is each contingent upon the issuance of the Series 2018 Bonds. 43 1611Ae RATINGS S&P Global Ratings ("S&P") has assigned a rating of" " to the Insured Bonds based upon the issuance of the Bond Insurance Policy by the Insurer at the time of delivery of the Series 2018 Bonds and S&P has also assigned its underlying rating of the Series 2018 Bonds of" "without regard to the Bond Insurance Policy. Such ratings reflect only the views of S&P and any desired explanation of the significance of such ratings should be obtained from S&P at the following address: 55 Water Street, 38th Floor, New York, New York 11238. Generally, a rating agency bases its rating on the information and materials furnished to it and on investigations,studies and assumptions of its own. There is no assurance such ratings will continue for any given period of time or that such ratings will not be revised downward or withdrawn entirely by the rating agency, if circumstances so warrant. Any such downward revision or withdrawal of such rating may have an adverse effect on the market price of the Series 2018 Bonds. EXPERTS The Assessment Consultant has prepared the Assessment Report attached hereto as APPENDIX D. APPENDIX D should be read in its entirety for complete information with respect to the subjects discussed therein. The District Engineer has prepared the Engineer's Report attached hereto as APPENDIX E. APPENDIX E should be read in its entirety for complete information with respect to the subjects discussed therein. FINANCIAL STATEMENTS The audit report containing the audited financial statements of the District for the Fiscal Year ended September 30, 2016, are attached hereto as APPENDIX C. Such statements speak only as of September 30, 2016. The consent of the District's auditor to include in this Official Statement the aforementioned report was not requested,and the general purpose financial statements of the District are provided only as publicly available documents. The auditor was not requested nor did they perform any procedures with respect to the preparation of this Official Statement or the information presented herein. The District has covenanted in the Continuing Disclosure Agreement set forth in APPENDIX F hereto to provide its annual audit to the MSRB's Electronic Municipal Market Access system ("EMMA") as described under"CONTINUING DISCLOSURE"herein and in APPENDIX F attached hereto. DISCLOSURE REQUIRED BY FLORIDA BLUE SKY REGULATIONS Section 517.051, Florida Statutes, and the regulations promulgated thereunder require that the District make a full and fair disclosure of any bonds or other debt obligations that it has issued or guaranteed and that are or have been in default as to principal or interest at any time after December 31, 1975 (including bonds or other debt obligations for which it has served only as a conduit issuer such as industrial development or private activity bonds issued on behalf of private business). CONTINUING DISCLOSURE The District will enter into a Continuing Disclosure Agreement (the "Disclosure Agreement") in the form of APPENDIX F attached hereto, for the benefit of the Owners of the Series 2018 Bonds 44 16I1A2 (including owners of beneficial interests in such Series 2018 Bonds), to provide certain financial information and operating data relating to the District by certain dates prescribed in the Disclosure Agreement(the"Reports") with the MSRB through EMMA. The specific nature of the information to be contained in the Reports described in "APPENDIX F-FORM OF CONTINUING DISCLOSURE AGREEMENT" attached hereto. Under certain circumstances, the failure of the District to comply with its obligations under the Disclosure Agreement constitutes an event of default thereunder. Such a default will not constitute an event of default under the Indenture,but such event of default under the Disclosure Agreement would allow the Owners of the Series 2018 Bonds(including owners of beneficial interests in such Series 2018 Bonds),as applicable,to bring an action for enforcement. UNDERWRITING Raymond James&Associates,Inc. (the "Underwriter"),has agreed,pursuant to a bond purchase agreement with the District, subject to certain conditions, to purchase all of the Series 2018 Bonds from the District. The aggregate purchase price for the Series 2018 Bonds is $ (representing the aggregate par amount of the Series 2018 Bonds of $ , less[plus] a net original issue discount[premium] of $ , and less an Underwriter's discount on the Series 2018 Bonds of $ . The Underwriter's obligations are subject to certain conditions precedent and the Underwriter will be obligated to purchase all of the Series 2018 Bonds if any are purchased. The Underwriter intends to offer the Series 2018 Bonds at the offering prices set forth on the inside cover page of this Official Statement, which may subsequently change without prior notice. The Underwriter may offer and sell the Series 2018 Bonds to certain dealers(including dealers depositing the Series 2018 Bonds into investment trusts) at prices lower than the initial offering prices and such initial offering prices may be changed from time to time by the Underwriter. VALIDATION On September 26,2005,the Circuit Court for Collier County validated the issuance by the District of not exceeding $50 million in principal amount of its capital improvement revenue bonds and the existence and legal authority of the District.The period for appeal of the judgment of validation expired with no appeals being taken. The Series 2018A-1 Bonds are included in the validated amount. The Series 2018A-2 Bonds have a maturity of five years or less and are therefore not required to be validated. LEGAL MATTERS Certain legal matters related to the authorization, sale and delivery of the Series 2018 Bonds are subject to the approval of Akerman LLP, Orlando, Florida, Bond Counsel. Certain legal matters will be passed upon for the District by its counsel Coleman Yovanovich Koester, P.A., Naples, Florida, and for the Underwriter by it counsel, Bryant Miller Olive P.A., Orlando, Florida. Certain legal matters will be passed upon for the Trustee by its counsel Holland&Knight,LLP,Miami,Florida. Bond Counsel's opinions included herein are based on existing law, which is subject to change. Such opinions are further based on factual representations made to Bond Counsel as of the date hereof. Bond Counsel assumes no duty to update or supplement its opinions to reflect any facts or circumstances that may thereafter come to Bond Counsel's attention,or to reflect any changes in law that may thereafter 45 16 1A2 occur or become effective. Moreover,Bond Counsel's opinions are not a guarantee of a particular result, and are not binding on the Internal Revenue Service or the courts;rather, such opinions represent Bond Counsel's professional judgment based on its review of existing law, and in reliance on the representations and covenants that it deems relevant to such opinion. MISCELLANEOUS Any statements made in this Official Statement involving matters of opinion or estimates, whether or not expressly so stated, are set forth as such and not as representations of fact, and no representations are made that any of the estimates will be realized. The references herein to the Series 2018 Bonds and other documents referred to herein are brief summaries of certain provisions thereof. Such summaries do not purport to be complete and reference is made to such documents for full and complete statements of such provisions. This Official Statement is submitted in connection with the sale of the Series 2018 Bonds and may not be reproduced or used, as a whole or in part, for any purpose. This Official Statement is not to be construed as a contract with the purchaser or the Beneficial Owners of any of the Series 2018 Bonds. [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 46 1 ii * e AUTHORIZATION AND APPROVAL The execution and delivery of this Official Statement has been duly authorized by the Board. HERITAGE BAY COMMUNITY DEVELOPMENT DISTRICT By: Edwin Hubbard,Chairman,Board of Supervisors 47 1611A APPENDIX A COPY OF MASTER INDENTURE AND FORM OF THIRD SUPPLEMENT 1611A2 APPENDIX B FORM OF OPINION OF BOND COUNSEL 16I1A2 APPENDIX C AUDITED FINANCIAL STATEMENTS OF THE DISTRICT FOR THE FISCAL YEAR ENDED SEPTEMBER 30,2016 1 6 1 1 A 2 APPENDIX D ASSESSMENT REPORT 1611A2 APPENDIX E ENGINEER'S REPORT 1611A2 APPENDIX F FORM OF CONTINUING DISCLOSURE AGREEMENT 1 6 1 1 A 2 APPENDIX G SPECIMEN MUNICIPAL BOND INSURANCE POLICY -4,/ Ift1A2 CONTINUING DISCLOSURE AGREEMENT This Continuing Disclosure Agreement (this "Disclosure Agreement") dated April , 2018, is executed and delivered by the HERITAGE BAY COMMUNITY DEVELOPMENT DISTRICT (the "Issuer"), and INFRAMARK MANAGEMENT SERVICES,. as Dissemination Agent (the "Dissemination Agent") in connection with the issuance by the Issuer of its $ aggregate principal amount of Capital Improvement Revenue Refunding Bonds, Series 2018A-1 (the "Series 2018A-1 Bonds") and$ aggregate principal amount of Capital Improvement Revenue Bonds, Series 2018A-2 (the "Series 2018A-2 Bonds" and, together with the Series 2018A-1 Bonds,the"Series 2018 Bonds"). The Series 2018 Bonds are being issued pursuant to a Master Trust Indenture dated as of November 1, 2005 (the "Master Indenture"), as supplemented and amended by a Third Supplemental Trust Indenture dated as of April 1, 2018 (the "Third Supplement" and, together with the Master Indenture, the "Indenture"),all by and between the District and U.S.Bank National Association,as successor in trust to Wachovia Bank, National Association, as trustee (the "Trustee"). The Issuer and the Dissemination Agent covenant and agree as follows: 1. Purpose of the Disclosure Agreement. This Disclosure Agreement is being executed and delivered by the Issuer and the Dissemination Agent for the benefit of the Beneficial Owners of the Series 2018 Bonds and to assist the Participating Underwriter in complying with the continuing disclosure requirements of Rule 15c2-12(b)(5)promulgated by the Securities and Exchange Commission (the "SEC")pursuant to the Securities Exchange Act of 1934,as amended from time to time (the"Rule"). The provisions of this Disclosure Agreement are supplemental and in addition to the provisions of the Indenture with respect to reports,filings and notifications provided for therein, and do not in any way relieve the Issuer, the Trustee or any other person of any covenant, agreement or obligation under the Indenture (or remove any of the benefits thereof) nor shall anything herein prohibit the Issuer, the Trustee or any other person from making any reports, filings or notifications required by the Indenture or any applicable law. 2. Definitions. In addition to the definitions set forth in the Indenture,which apply to any capitalized term used in this Disclosure Agreement unless otherwise defined herein, the following capitalized terms shall have the following meanings: "Annual Report"shall mean any Annual Report provided by the Issuer pursuant to,and as described in,Sections 3 and 4 of this Disclosure Agreement. "Assessments" shall mean the non-ad valorem special assessments pledged to the payment of the Series 2018 Bonds pursuant to the Indenture. "Beneficial Owner"shall mean any person which(a)has the power,directly or indirectly, to vote or consent with respect to,or to dispose of ownership of,any Series 2018 Bonds(including 'S11 persons holding Series 2018 Bonds through nominees, depositories or other intermediaries), or (b)is treated as the owner of any Series 2018 Bonds for federal income tax purposes. "Business Day" means any day other than a Saturday, Sunday or a day on which the Trustee is required,or authorized or not prohibited by law(including executive orders),to close and is closed, or on any day on which the New York Stock Exchange is closed. "Dissemination Agent"shall mean,initially,Inframark Management Services,acting in its capacity as Dissemination Agent hereunder,or any successor Dissemination Agent designated in writing by the Issuer and which has filed with the Issuer and Trustee a written acceptance of such designation. "District Manager" shall mean Inframark Management Services, or a successor District Manager. "Event of Bankruptcy" shall be considered to have occurred when any of the following occur: the appointment of a receiver, fiscal agent or similar officer for an Obligated Person in a proceeding under the U.S. Bankruptcy Code or in any other proceeding under state or federal law in which a court or governmental authority has assumed jurisdiction over substantially all of the assets or business of the Obligated Person,or if such jurisdiction has been assumed by leaving the existing governmental body and officials or officers in possession but subject to the supervision and orders of a court or governmental authority,or the entry of an order confirming a plan of reorganization,arrangement or liquidation by a court or governmental authority having supervision or jurisdiction over substantially all of the assets or business of the Obligated Person. "Fiscal Year" shall mean the period commencing on October 1 and ending on September 30 of the next succeeding year,or such other period of time provided by applicable law. "Issuer Disclosure Representative" shall mean the District Manager of the Issuer or his/her/its designee, or such other officer or employee as the Issuer shall designate in writing to the Trustee and the Dissemination Agent from time to time. "Listed Events" shall mean any of the events listed in Section 5(a) of this Disclosure Agreement. "Obligated Person" shall mean any person, including the Issuer, and its successors and assigns, who is either generally or through an enterprise, fund, or account of such person committed by contract or other arrangement to support payment of twenty percent(20%)or more of the obligations on the Series 2018 Bonds (other than providers of municipal bond insurance, letters of credit,or other liquidity facilities). "Official Statement" shall mean the final offering document relating to the Series 2018 Bonds. 2 1611A2 "Participating Underwriter"shall mean the original underwriter of the Series 2018 Bonds required to comply with the Rule in connection with offering of the Series 2018 Bonds. "Repository" shall mean each entity authorized and approved by the SEC from time to time to act as a repository for purposes of complying with the Rule. The Repositories currently approved by the SEC may be found by visiting the SEC's website at "http://www.sec.gov/info/municipal/nrmsir.htm." As of the date hereof, the Repository recognized by the SEC for such purpose is the Municipal Securities Rulemaking Board, which currently accepts continuing disclosure submissions through its Electronic Municipal Market Access("EMMA")web portal at"http://www.emma.msrb.org." "Rule" shall mean Rule 15c2-12(b)(5) adopted by the SEC under the Securities Exchange Act of 1934,as the same may be amended from time to time. "State"shall mean the State of Florida. 3. Provision of Annual Reports. (a) The Issuer shall,or shall cause the Dissemination Agent to,within 180 days of the end of the Issuer's Fiscal Year,beginning with the Fiscal Year ending September 30, 2018 (the "Annual Filing Date") with respect to the report for the 2018 Fiscal Year, provide to any Repository in electronic format as prescribed by such Repository an Annual Report which is consistent with the requirements of Section 4 of this Disclosure Agreement. The Annual Report may be submitted as a single document or as separate documents comprising a package,and may cross-reference other information as provided in Section 4 of this Disclosure Agreement; provided that the audited financial statements of the Issuer may be submitted separately from the balance of the Annual Report and later than the date required above, but in no event later than the date required to be filed with the State of Florida pursuant to applicable State law (currently within nine(9)months of the end of the Issuer's Fiscal Year),for the filing of the Annual Report if they are not available by that date. If the Issuer's Fiscal Year changes, the Issuer shall give notice of such change in the same manner as for a Listed Event under Section 5(a). (b) If on the fifteenth (15th) day prior to each Annual Filing Date the Dissemination Agent has not received a copy of the Annual Report, the Dissemination Agent shall contact the Issuer Disclosure Representative by telephone and in writing(which may be by e-mail)to remind the Issuer of its undertaking to provide the Annual Report pursuant to Section 3(a)above.Upon such reminder,the Issuer Disclosure Representative,shall either(i)provide the Dissemination Agent with an electronic copy of the Annual Report in accordance with Section 3(a) above, or (ii) instruct the Dissemination Agent in writing that the Issuer, will not be able to file the Annual Report within the time required under this Disclosure Agreement, state the date by which the Annual Report for such year will be provided and instruct the Dissemination Agent that a Listed Event as described in Section 5(a)(15)has occurred and to immediately send a notice to any Repository in electronic format as required by such repository in substantially the form attached as Exhibit A hereto. 3 1 6 I 1 (c) The Dissemination Agent shall: (i) determine each year prior to the date for providing the Annual Report the name,address and filing requirements of any Repository;and (ii) within five (5) Business Days of filing the Annual Report, file a notice with the Issuer certifying that the Annual Report has been provided pursuant to this Disclosure Agreement, stating the date(s) it was provided and listing any Repository to which it was provided. 4. Content of Issuer's Annual Report. (a) The Issuer's Annual Report shall contain or incorporate by reference the following,which includes an update of the financial and operating data of the Issuer to the extent presented in the Official Statement. All information in the Annual Report shall be presented for the immediately preceding Fiscal Year and, to the extent available, the current Fiscal Year: (i) The amount of Assessments levied. (ii) The amount of Assessments collected from property owners. (iii) If available, the amount of delinquencies greater than 150 days, and,in the event that delinquencies amount to more than ten percent(10%)of the amounts of Assessments due in any year,a list of delinquent property owners. (iv) The amount of tax certificates sold, if any, and the balance, if any, remaining for sale. (v) All fund balances in all Funds and Accounts for the Series 2018 Bonds. Upon request, the Issuer shall provide any Beneficial Owners and the Dissemination Agent with this information at least annually, and, in such cases, within thirty(30)days of such written request. (vi) The total amount of Series 2018 Bonds Outstanding. (vii) The amount of principal and interest due on the Series 2018 Bonds. (viii) Any amendment of the provisions of this Disclosure Agreement as described in Section 9 hereof. (ix) The most recent audited financial statements of the Issuer which shall be prepared in accordance with governmental accounting standards promulgated by the Government Accounting Standards Board. 4 ISSIA2 To the extent any of the items set forth in subsections(i)through(viii)above are included in the audited financial statements referred to in subsection (ix) above, they do not have to be separately set forth. The issuer represents and warrants that it will supply,in a timely fashion,any information available to the Issuer and reasonably requested by the Dissemination Agent that is necessary in order for the Dissemination Agent to carry out its duties under this Disclosure Agreement. The Issuer acknowledges and agrees that the information to be collected and disseminated by the Dissemination Agent will be provided by the Issuer and others. The Dissemination Agent's duties do not include authorship or production of any materials, and the Dissemination Agent shall have no responsibility hereunder for the content of the information provided to it by the Issuer or others as thereafter disseminated by the Dissemination Agent. The information provided under this Section 4 may be included by specific reference to documents, including official statements of debt issues of the Issuer or related public entities, which are available to the public on the Repository's Internet Website or filed with the SEC. The Issuer shall clearly identify each such other document so incorporated by reference. The Issuer reserves the right to modify from time to time the specific types of information provided in its Annual Report or the format of the presentation of such information,to the extent necessary or appropriate in the judgment of the Issuer;provided that the Issuer agrees that any such modification will be done in a manner consistent with the Rule. 5. Reporting of Significant Events. (a) Pursuant to the provisions of this Section 5, the Issuer shall give, or cause to be given,notice of the occurrence of any of the following events with respect to the Series 2018 Bonds, to the Dissemination Agent in writing in sufficient time in order to allow the Dissemination Agent to file notice of the occurrence of such Listed Event in a timely manner not in excess of ten (10) Business Days after the occurrence of the event, with the exception of the events described in numbers 15 and 16 below,which notice shall be given in a timely manner: 1. principal and interest payment delinquencies; 2. non-payment related defaults,if material; 3. unscheduled draws on debt service reserves reflecting financial difficulties; 4. unscheduled draws on credit enhancements reflecting financial difficulties; 5. substitution of credit or liquidity providers,or their failure to perform; 5 l611A 6. adverse tax opinions, the issuance by the Internal Revenue Service of proposed or final determinations of taxability, Notices of Proposed Issue (IRS Form 5701 TEB) or other material notices or determinations with respect to the tax status of the Series 2018 Bonds,or other material events affecting the tax status of the Series 2018 Bonds; 7. modifications to rights of the holders of the Series 2018 Bonds,if material; 8. bond calls,if material,and tender offers; 9. defeasances; 10. release, substitution, or sale of property securing repayment of the Series 2018 Bonds, if material (sale of individual lots by developers or homeowners to end users shall not be material for purposes of this Agreement); 11. ratings changes'; 12. an Event of Bankruptcy or similar event of an Obligated Person; 13. the consummation of a merger, consolidation, or acquisition involving an Obligated Person or the sale of all or substantially all of the assets of the Obligated Person, other than in the ordinary course of business, the entry into a definitive agreement to undertake such an action or the termination of a definitive agreement relating to any such actions,other than pursuant to its terms,if material; 14. appointment of a successor or additional trustee or the change of name of a trustee,if material; 15. notice of any failure on the part of the Issuer to provide an Annual Report as required by Section 3 hereof; 16. a change in the Issuer's Fiscal Year pursuant to Section 3(a)hereof; 17. termination of the Issuer's obligations under this Disclosure Agreement pursuant to Section 7 hereof;and 18. any amendment to the accounting principles to be followed in preparing financial statements pursuant to Section 9 hereof. (b) The notice required to be given in paragraph 5(a)above shall be filed with "The Series 2018A-2 Bonds are not rated as of the date hereof. 6 1611A any Repository,in electronic format as prescribed by such Repository. 6. Identifying Information. In accordance with the Rule, all disclosure filings submitted pursuant to this Disclosure Agreement to any Repository must be accompanied by identifying information as prescribed by the Repository. Such information may include,but not be limited to: (a) the category of information being provided; (b) the period covered by any annual financial information, financial statement or other financial information or operation data; (c) the issues or specific securities to which such documents are related (including CUSII's, issuer name, state, issue description/securities name, dated date,maturity date, and/or coupon rate); (d) the name of any Obligated Person other than the Issuer; (e) the name and date of the document being submitted;and (f) contact information for the submitter. 7. Termination of Disclosure Agreement. The Issuer's obligations under this Disclosure Agreement shall terminate upon the legal defeasance, prior redemption or payment in full of all of the Series 2018 Bonds, so long as there is no remaining liability of the Issuer for payment of the Series 2018 Bonds, or if the Rule is repealed or no longer in effect. If such termination occurs prior to the final maturity of the Series 2018 Bonds,the Issuer shall give notice of such termination in the same manner as for a Listed Event under Section 5. 8. Dissemination Agent. The Issuer may, from time to time, appoint or engage a Dissemination Agent to perform the duties of the Dissemination Agent as provided herein, and may discharge any such Dissemination Agent, with or without appointing a successor Dissemination Agent. If at any time there is not any other designated Dissemination Agent,the Issuer shall be the Dissemination Agent. The initial Dissemination Agent shall be Inframark Management Services. The Dissemination Agent shall not be responsible in any manner for the content of any notice or report prepared by the Issuer pursuant to this Disclosure Agreement. 9. Amendment. Notwithstanding any other provision of this Disclosure Agreement, the Issuer and the Dissemination Agent(if the Dissemination Agent is not the Issuer)may amend this Disclosure Agreement, and any provision of this Disclosure Agreement may be waived, provided that the following conditions are satisfied: (a) The amendment may only be made in connection with a change in circumstances that arises from a change in legal requirements, change in law, or change in the identity,nature or status of the Issuer,or the type of business conducted; (b) The undertaking, as amended, would have complied with the requirements of the Rule at the time of the primary offering of the Series 2018 Bonds,after taking into account any amendments or interpretations of the Rule, as well as any change in circumstances;and 7 1 6 1 1 A 2 (c) The amendment does not materially impair the interests of the holders,as determined either(i)by parties unaffiliated with the Issuer(such as the trustee or Bond Counsel), or (ii)by the approving vote of bondholders pursuant to the terms of the governing instrument at the time of the amendment. Notwithstanding the foregoing, the Issuer and the Dissemination Agent shall have the right to adopt amendments to this Disclosure Agreement necessary to comply with modifications to and interpretations of the provisions of the Rule as announced by the SEC from time to time. In the event of any amendment or waiver of a provision of this Disclosure Agreement,the Issuer shall describe such amendment in its next Annual Report and shall include,as applicable, a narrative explanation of the reason for the amendment or waiver and its impact on the type(or in the case of a change of accounting principles, on the presentation) of financial information or operating data being presented by the Issuer. In addition, if the amendment relates to the accounting principles to be followed in preparing financial statements of the Issuer, (i)notice of such change shall be given in the same manner as for a Listed Event under Section 5(a), and (ii) the Annual Report for the year in which the change is made should present a comparison (in narrative form and also, if feasible, in quantitative form) between the financial statements as prepared on the basis of the new accounting principles and those prepared on the basis of the former accounting principles. 10. Additional Information. Nothing in this Disclosure Agreement shall be deemed to prevent the Issuer from disseminating any other information,using the means of dissemination set forth in this Disclosure Agreement or any other means of communication, or including any other information in any Annual Report, or notice of occurrence of a Listed Event,in addition to that which is required by this Disclosure Agreement. If the Issuer chooses to include any information in any Annual Report or notice of occurrence of a Listed Event in addition to that which is specifically required by this Disclosure Agreement, the Issuer shall have no obligation under this Disclosure Agreement to update such information or include it in any future Annual Report,or notice of occurrence of a Listed Event. 11. Default. In the event of a failure of the Issuer,the Issuer Disclosure Representative or a Dissemination Agent to comply with any provision of this Disclosure Agreement,the Trustee shall,at the request of any Participating Underwriter or the Beneficial Owners of more than 50% aggregate principal amount of outstanding Series 2018 Bonds and receipt of indemnity satisfactory to the Trustee or any Beneficial Owner of a Series 2018 Bond may take such actions as may be necessary and appropriate, including seeking mandate or specific performance by court order, to cause the Issuer, the Issuer Disclosure Representative or a Dissemination Agent, as the case may be, to comply with its obligations under this Disclosure Agreement. No default hereunder shall be deemed an Event of Default under the Indenture, and the sole remedy under this Disclosure Agreement in the event of any failure of the Issuer, the Issuer Disclosure Representative or a Dissemination Agent,to comply with this Disclosure Agreement shall be an action to compel performance. 8 1611A 12. Duties of Dissemination Agent. The Dissemination Agent shall have only such duties as are specifically set forth in this Disclosure Agreement. 13. Beneficiaries. This Disclosure Agreement shall inure solely to the benefit of the Issuer, the Dissemination Agent, the Trustee, the Participating Underwriter and Beneficial Owners of the Series 2018 Bonds,and shall create no rights in any other person or entity. 14. Counterparts. This Disclosure 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. 15. Governing Law. This Disclosure Agreement shall be governed by the laws of the State of Florida and federal law. 16. Trustee Cooperation. The Issuer represents that the Dissemination Agent is a bona fide agent of the Issuer and directs the Trustee to deliver to the Dissemination Agent at the expense of the Issuer,any information or reports readily available to the Trustee it requests that the Issuer has a right to request from the Trustee(inclusive of balances,payments,etc.). [End of document—signatures to follow] 9 1611A2 IN WITNESS WHEREOF,the undersigned has executed this Disclosure Agreement as of the date and year set forth above. [SEAL] HERITAGE BAY COMMUNITY DEVELOPMENT DISTRICT,as Issuer By: Chairman, Board of Supervisors JOINED BY U.S. BANK NATIONAL ASSOCIATION, AS TRUSTEE, FOR PURPOSES OF SECTIONS 11, 13 AND 16 ONLY By: Name: Title: INFRAMARK MANAGEMENT SERVICES,as Dissemination Agent By: Name: Title: 10 1611Ak EXHIBIT A NOTICE TO REPOSITORIES OF FAILURE TO FILE ANNUAL REPORT Name of Issuer: Heritage Bay Community Development District Name of Bond Issue: $ Capital Improvement Revenue Refunding Bonds, Series 2018A-1;and$ Capital Improvement Revenue Bonds,Series 2018A-2 Date of Issuance: April ,2018 CUSIPNUMBERS* NOTICE IS HEREBY GIVEN that the Issuer has not provided an Annual Report with respect to the above-named Series 2018 Bonds as required by Section 3 of the Continuing Disclosure Agreement dated April , 2018, between the Issuer and the Dissemination Agent named therein. The Issuer has advised the undersigned that it anticipates that the Annual Report will be filed by ,20 . Dated: ,Dissemination Agent cc: Issuer CUSIP numbers have been assigned to the Series 2018 Bonds by an organization not affiliated with the District and are included solely for the convenience of the owners of the Series 2018 Bonds. The District is not responsible for the selection,use or accuracy of the CUSIP numbers set forth herein. A-1 1611AZ AGREEMENT BETWEEN THE HERITAGE BAY COMMUNITY DEVELOPMENT DISTRICT AND INFRAMARK,INFRASTRUCTURE MANAGEMENT SERVICES,LLC FOR MANAGEMENT ASSISTANCE SERVICES THIS AGREEMENT made and entered into on this 26th day of March, 2018 by and between the Heritage Bay Community Development District, hereinafter referred to as "DISTRICT", and the firm of Inframark, Infrastructure Management Services, LLC.,hereinafter referred to as "MANAGER", whose address is 210 North University Drive, Suite 702, Coral Springs,Florida 33071. WITNESSETH: WHEREAS, the DISTRICT desires to employ the services of the MANAGER for the purpose of providing the DISTRICT with certain district management services as more fully set forth in Exhibit A hereunder; and WHEREAS, the MANAGER desires to provide such services to the DISTRICT subject to the terms hereof, NOW, THEREFORE, in consideration of the mutual covenants and agreements expressed herein the parties agree as follows: ARTICLE 1. SCOPE OF SERVICES AND MANAGER RESPONIBILITIES 1.1 The DISTRICT hereby engages the MANAGER for the services described and set forth in Exhibit A and for the fees described in Exhibit B, attached hereto and incorporated by reference herein. 1.2 MANAGER may offer and/or the DISTRICT may request that additional services he provided under this Agreement. In the event that the MANAGER and the DISTRICT agree upon a change in the scope of services to be provided under this Agreement, the change in Compensation, if any, shall be agreed between the DISTRICT and MANAGER and will be invoiced in accordance with this Agreement 1.3 The MANAGER shall devote such time as is necessary to complete the duties and responsibilities assigned to the MANAGER under this Agreement. 1.4 All services will be rendered by and under the supervision of qualified staff in accordance with the terms and conditions set forth in this Agreement. Even though MANAGER'S staff may include licensed attorneys and engineers, the DISTRICT acknowledges that MANAGER is not performing in the capacity of a law firm or an engineering firm when providing services under this Agreement. Other than the requirement to render the services by and under the supervision of qualified staff, MANAGER makes no specific representation or warranty regarding the services or any deliverables to be provided 1 16 % 1Ae hereunder and any and all warranties arising by custom or usage in the profession, or arising by operation of law are hereby expressly disclaimed. 1.5 If the scope of services hereunder requires the MANAGER to administer or supervise the District's personnel, the MANAGER shall not be responsible for any damages, losses, settlement payments,deficiencies, liabilities, costs and expenses resulting from the failure of the District's employees to follow the instructions of the MANAGER. Similarly,if in the course of providing the services required by this Agreement,the MANAGER follows the instructions of the DISTRICT, the MANAGER shall not responsible for any damages, losses, settlement payments, deficiencies, liabilities, costs and expenses resulting therefrom. 1.6 In performing the services hereunder, MANAGER may rely on information supplied by the DISTRICT and MANAGER, shall not be required to independently verify the accuracy and completeness of such information. In addition, although the MANAGER may participate in the accumulation of information developed by others necessary for use in documents required by the DISTRICT, MANAGER is not responsible for verifying the accuracy of such information. Provided however, the Manager shall be responsible for the accuracy and completeness of any information collected by the MANAGER or under the MANAGER'S direction. ARTICLE 2. REPRESENTATIONS AND WARRANTIES OF THE MANAGER 2.1 The signature on this Agreement by the MANAGER shall act as MANAGER's representation that the wage rates and costs used to determine the compensation provided for in the Agreement are accurate, complete and current as of the date of this Agreement. 2.2 The MANAGER acknowledges and agrees that it owes a duty of loyalty, fidelity and allegiance to act at all times during the teen of this Agreement in the known interests of the DISTRICT and to knowingly do no act which would injure the DISTRICT's business, its interests or its reputation. Further, the MANAGER shall not, during the term of this Agreement, engage in any activity which constitutes a Conflict of Interest(as defined below). For purposes of this Agreement, "Conflict of Interest"means any act or activity, or any interest in connection with, or any benefit from any act or activity, which knowingly is adverse to the interests of or would in any material way injure the DISTRICT. Notwithstanding any provision to the contrary contained herein, this Section 2.2 shall not prohibit the MANAGER from (a) performing water and wastewater utility management, customer services,utility billing, operation and maintenance services to the DISTRICT under a separate agreement; and (b) providing for the benefit of any other DISTRICT services similar to the services provided DISTRICT hereunder. DISTRICT hereby waives any and all conflicts of interest or potential conflicts of interest in connection therewith, it being specifically agreed to and understood that MANAGER'S provision of any such services to the DISTRICT or to any other DISTRICT shall not constitute a conflict of interest under this Agreement. The MANAGER warrants that it has not employed or retained any company or person, other than a bona fide employee or previously retained sales consultant, to solicit or secure this 2 1611A Agreement and that it has not paid or agreed to pay any person, company, corporation, individual or firm other than a bona tide employee working solely for the MANAGER or a previously retained sales consultant any fee, commission, percentage, gift or any other consideration contingent upon or resulting from the award or making of this Agreement. 2.3 The MANAGER warrants and represents that it shall refrain from unlawful discrimination in performing its obligations under this Agreement. ARTICLE 3. REPRESENTATIONS AND WARRANTIES OF THE DISTRICT DISTRICT represents and warrants that this Agreement, DISTRICT'S execution and delivery of this Agreement and DISTRICTS performance of its obligations hereunder, have been duly and validly authorized by DISTRICT by all necessary action. This Agreement has been validly executed and delivered by DISTRICT and constitutes a legal, valid and binding obligation of DISTRICT, enforceable in accordance with its terms. ARTICLE 4. COMPENSATION 4.1 The DISTRICT agrees to compensate the MANAGER in accordance with the fee schedule set forth in Exhibit B. 4.2 For each Fiscal Year of the DISTRICT, the compensation payable to the MANAGER under the terms and conditions of this Agreement shall he in an amount approved by the DISTRICT in its Fiscal Year budget. Each Fiscal Year, the DISTRICT will consider price adjustments to compensate for market conditions and the anticipated type and amount of work to be performed by the MANAGER during the upcoming Fiscal Year of the DISTRICT. 4.3 In the event that the Fiscal Year budget is not approved prior to the first day of the Fiscal Year, the MANAGER'S compensation under this Agreement will continue at the rate currently in effect at the time of renewal. The subsequent approval of the budget will result in a retroactive fee adjustment, which will be invoiced in the first month following approval of the budget. 4.4 Payment to the MANAGER for all services rendered shall be made on a monthly basis within thirty(30)days of the MANAGER's issuance of an invoice. 4.5 Payment of ancillary service costs such as copies, overnight express and other charges will be included in the monthly billing statement. ARTICLE 5. TERM 5.1 This Agreement shall commence on the date hereof and shall continue until terminated in writing by either party with at least ninety(90)days prior written notice. 3 1611A . 5.2 The Agreement may be terminated as follows: (a) The failure of either party to comply with the terms of this Agreement shall constitute a default. Upon default by one party, the other party shall send written Notice of Termination. Such notice shall clearly specify the nature of the default and provide the defaulting party forty-five (45) days to cure the default. If the default is capable of being cured within forty-five (45) days, but is not cured within forty-five(45)days,the Agreement shall terminate at midnight of the forty- fifth (45tH) day following receipt of the Notice. In the case of default that cannot be cured within forty-five(45) days,this Agreement shall not terminate so long as the defaulting party has given written notice of the extension to the other party and the defaulting party has commenced and is diligently pursuing a cure. upon the dissolution or court-declared invalidity of the DISTRICT; or (b) By either party, for any reason,upon ninety(90)days written notice. 5.3 Upon the termination of this Agreement, MANAGER will take all reasonable and necessary actions to transfer in an orderly fashion to the DISTRICT or its designee all the DISTRICT's books and records in MANAGER's possession. In addition, within thirty(30)days of termination of this Agreement,MANAGER shall be paid in full for all services rendered through the date of termination. ARTICLE 6. RISK MANAGEMENT 6.1 The MANAGER shall provide and maintain the following levels of insurance coverage at all times subsequent to the execution of this Agreement: (a) Professional Liability insurance with an aggregate limit of Two Million Dollars ($2,000,000) ; and (b) Commercial Crime insurance with a per loss limit of One Million Dollars ($1,000,000). 6.2 To the extent allowable under applicable law and except and to the extent caused by the negligence or willful misconduct of the MANAGER, the DISTRICT agrees to indemnify and hold the MANAGER and its respective officers, directors, employees, agents, successors and assigns(MANAGER and each such person being an"Indemnified Party") harmless from and against any and all damages, losses, settlement payments, deficiencies, liabilities, costs and expenses, including without limitation, attorney's fees suffered, sustained, incurred or required to he paid by any Indemnified Party related to or arising out of the subject services and/or the engagement of MANAGER pursuant to this Agreement. In the event that the DISTRICT receives notice of or undertakes the defense or the prosecution of any action, claim, suit, administrative or arbitration proceeding, or investigation consistent with DISTRICT's indemnity obligations hereunder, the DISTRICT shall give the MANAGER prompt notice of such proceedings and shall inform the MANAGER in advance of all hearings regarding such action, claim, suit, proceeding or investigation. Except and to the extent caused by the negligence or willful 4 1611A " misconduct of the DISTRICT, the MANAGER agrees to indemnify and hold the DISTRICT, and its respective officers, directors, supervisors, employees, agents, successors and assigns harmless from and against any and all damages, losses, settlement payments, deficiencies, liabilities, costs and expenses, including without limitation, attorney's fees suffered, sustained, incurred or required to be paid any Indemnified Party related to the DISTRICT pursuant to this Agreement. 6.3 Notwithstanding any provision to the contrary contained in this Agreement, in no event shall the MANAGER be liable, either directly or as an indemnitor of the DISTRICT, for any special, punitive, indirect and/or consequential damages, including damages attributable to loss of use, loss of income or loss of profit even if the MANAGER has been advised of the possibility of such damages. 6.4 In the event that claims(s) raised against the MANAGER on account of this Agreement, or on account of the services performed hereunder, is/are covered under MANAGER's insurance policies required hereunder, the MANAGER shall not be responsible for any loss, damage or liability beyond the policy amounts contractually required hereunder and the limits and conditions of such insurance policies. With respect to any other cause of action and/or claim arising under this Agreement, or otherwise arising as a result of,or on account of, the services provided hereunder, MANAGER's liability shall not exceed an amount equal to the amount of the annual compensation for such services during the Agreement year in which such cause of action and/or claim is raised against the MANAGER. MISCELLANEOUS 7.1 Entire Agreement The foregoing terms and conditions constitute the entire Agreement between the parties hereto and any representation not contained herein shall be null and void and no force and effect. Further this Agreement may be amended only in writing upon mutual consent of the parties hereto. 7.2 Amendments No amendments and/or modifications of this Agreement shall be valid unless in writing and signed by each of the parties. 7.3 Construction In construing this Agreement, the following principles shall be followed: (i) no consideration shall be given to the captions of the articles, sections, subsections or clauses, which are inserted for convenience in locating the provisions of this Agreement and not as an aid in construction; (ii)no consideration shall be given to the fact or presumption that any of the Parties had a greater or lesser hand in drafting this Agreement; (iii) examples shall not be construed to limit, expressly or by implication, the matter they illustrate; (iv) the word "includes" and its syntactic variants mean "includes, but is not limited to" and corresponding syntactic variant expressions; (v) the plural shall be deemed to include the singular, and vice versa; (vi) each gender shall be deemed 5 1St 1A to include the other genders; (vii) each exhibit, appendix, attachment and schedule to this Agreement is a part of this Agreement; and (viii) any reference herein or in any schedule hereto to any agreements entered into prior to the date hereof shall include any amendments or supplements made thereto. 7.5 Force Majeure A party's performance of any obligation under this Agreement shall be excused if, and to the extent that, the party is unable to perform because of any event of"Force Majeure". In any such event, the party unable to perform shall be required to resume performance of its obligations under this Agreement as soon as reasonably practicable following the termination of the event or cause that excused performance hereunder. Force Majeure is defined as any act, event or condition to the extent that it adversely impacts the cost of performance of, or adversely affects the ability, of either party to perform any obligation under this Agreement (except for payment obligations) if such act, event or condition, in light of any circumstances that should have been known or reasonably believed to have existed at the time, is beyond the reasonable control and is not a result of the willful or negligent act, error, omission or failure to exercise reasonable diligence on the part of the party relying thereon. 7.6 Notices All notices will be in writing and shall be sent by certified mail,return receipt requested. Notices required to he given to the MANAGER will be addressed to: Inframark, Infrastructure Management Services,LLC 210 North University Drive Suite 702 Coral Springs,Florida 33071 Attn: Chris Tarase—Vice President Notices required to be given to the DISTRICT will be addressed to: Greg L.Urbancic Coleman,Yovanovich&Koester,P.A. The Northern Trust Building 4001 Tamiami Trail North, Suite 300 Naples,Florida 34103 7.7 Governing Law This Agreement shall be governed by the Laws of the State of Florida. Any and all legal action necessary to enforce the Agreement will be held in Collier County, Florida. No remedy herein conferred upon any party is intended to be exclusive of any other remedy and each and every such remedy shall be cumulative and shall be in addition to every other remedy given hereunder or now or hereafter existing at law or in equity or by statute or otherwise. No single or partial exercise by any party of any right, power,or remedy hereunder shall preclude any other or further exercise thereof. 6 161111 e (Signatures Appear on the Next Page) y4 k 7 1611 :: IN WITNESS WHEREOF, the parties hereto have caused their respective agents to execute this instrument on their behalf, at the times set forth below. Signed and Sealed in the presence of: HERITAGE BAY COMMUNITY DEVELOPMENT DISTRICT Witness By: Chairperson INFRAMARK,Infrastructure Management Services,LLC Witness By: Chris Tarase — Vice President Witness District Counsel 8 161 1A � Scope of Services Exhibit A Scope of Services: The Dissemination Agent's duties shall consist of the following: (a) To assist the District in developing information collection systems to be used in complying with the requirements of the Continuing Disclosure Agreement. (b) To collect, financial and other factual information required by the Continuing Disclosure Agreement information noted in (a) above and to distribute such information supplied to us by the District, including the audited financial statements for the District (collectively, the "Annual Report"), to the nationally recognized municipal securities information repositories (the "National Repositories") and to any state repository established in Florida(the "State Repository"),as required by the Rule. (c) To work with the District and the Trustee and report any"Significant Events", disclosed to Manager by the District, all in accordance with the Continuing Disclosure Agreement. (d) To determine, each year prior to the date for providing the Annual Report,the name and address of each National Repository and each State Repository, if any, and to file a report with the District and the Trustee certifying that the Annual Report has been provided to the National Repositories and State Repository, stating the date the Annual Report was provided and listing all of the repositories to which it was provided(when applicable). (e) To Collect and disseminate directly to the Beneficial Owners (and the National Repositories and State Repositories, if requested by the District) the following information (which is beyond the requirements of the Rule, but required by the Beneficial Owners) as supplied to Manager, by the District and as is set forth in more detail in the Continuing Disclosure Agreement: (i) The amount of the Special Assessments levied for the most recent tax year. (ii) The amount of Special Assessments collected from the property owners. (iii) The amount of delinquencies greater than 150 days, and, in the event that delinquencies amount to more than ten percent(10%)of the amounts of Special Assessments due in any year, a list of delinquent property owners. (iv) The amount of tax certificates sold, if any, and the balance, if any remaining for sale. (v) Balances in all Funds and Accounts established for the Bonds under the Indenture. The Issuer shall provide Beneficial Owners with this information more frequently than annually within thirty (30)days of the written request of Beneficial Owners. 9 16 ! 1 A 2 (vi) Information to be provided to the Beneficial Owners indicating the total amount of Bonds Outstanding. (vii) Information to be provided to the Beneficial Owners indicating the amount of principal and interest to the paid in the current year. (f) To work with the District and the Trustee to prepare reports not later than thirty(30)days after the end of each quarter of the calendar year and file these reports with the Repositories and the Beneficial Owners. These quarterly reports may address the following information requirements of the Beneficial Owners, as supplied to Manager, by the District and all as controlled by the Continuing Disclosure Agreement.: (i) The percentage of infrastructure improvements that have been completed with the proceeds of the Bonds. (ii) The number of homes planned on property that is being assessed to repay the Bonds. (iii) The number and type of property(lots, parcels, raw land, etc.) sold to builders and/or retail buyers. (iv) The number of homes constructed. (v) The number of homes occupied. (vi) The number of units, type of units and square footage of commercial property or other non-residential uses planned on property which is being assessed to repay the Bonds. (vii) The number and type of property (parcels, raw land, etc.) sold for non-residential development, if any. (viii) The square footage of non-residential property constructed,if any. (ix) The anchor(more than 10% of the square footage) tenants of non- residential property, if any. (x) The estimated date of complete build-out. (g) To collect and disseminate directly to the Beneficial Owners any additional information specifically requested by the Beneficial Owners at the time of closing or subsequent to the closing of the Bonds. (h) To comply with the terms of the Continuing Disclosure Agreement as Dissemination Agent for the duration of this Agreement. 10 161 1 A 2 Compensation Exhibit B Severn Trent will provide the services set forth in the Scope of Services for an annual fee of $1,500. Special Meetings for all meetings not within the normal $125.00 per hour 40 hour week,with the exception of those required by Act of God or Force Majeure,where charges will be set my mutual agreement of both parties. • Mail Distribution General Distribution Includes labels, standard envelope, folding, At Cost insertion of up to two items,and delivery to Post Office Labor of inserts over two At Cost Labels At Cost Certified Mail Current rate charged by Postmaster plus handling charge of$3.00 per piece Postage Current rate charged by postmaster;no add on. Photocopying $0.15 per copy $0.21 per duplex copy(both sides) $20 per page for color copies Faxes Outgoing No charge Incoming No charge Record Storage $100 Web Portal Services: Basic Level $50 per month Mid Level $100.00 per month Full Web Service $200.00 per month 11 16 % 1A RAYMOND JAMES® March 19, 2018 $17,490,000 Heritage Bay Community Development District Capital Improvement Revenue Refunding Bond, Series 2014 In connection with the Capital Improvement Revenue Refunding Bond, Series 2014 (the "Bond"), issued by the Heritage Bay Community Development District(the "District") and held by Raymond James Capital Funding, Inc. (the "Owner"), in the original principal amount of $17,490,000,the Owner will agree to allow for an early optional redemption of the Bond in whole, but not in part, subject to the terms and provisions of this letter. The following provision of the Bond: "The Series 2014 Bonds are not subject to optional redemption prior to May 1,2024, but may be prepaid on or after May 1, 2024 at 100%of the then outstanding principal amount plus any accrued interest on any interest payment date upon thirty (30) days written notice to the Owner" is hereby amended by adding the following: "In addition, the Series 2014 Bonds shall be subject to optional redemption by the District in whole, but not in part, beginning April 1, 2018 and terminating on July 1, 2018 at 100% of the then outstanding principal amount plus any accrued interest on any business day upon seven (7) days written notice to the Owner." Notwithstanding anything to the contrary, if the Bond has not been redeemed in whole prior to July 1, 2018,the amendment provided for above shall be null and void and the Bond shall only be subject to optional redemption as set forth in the Bond. Sincerely, RAYMOND JAMES CAPITAL FUNDING, INC. By: Cord D. King Tax-Exempt Lending Manager Agreed to this day of , 2018 by: Heritage Bay Community Development District By: Raymond James Bank P.0 Box 11e,tS 11 St.PBterSburg.FL 3:.1/33 1628 710 Carillon Parkway 3 St.Petersburg,FL 33710 727.533,8!)00/;reymand;amesbank.co!r: Member FDIC iENDEa 1611A DEFERRED COSTS ACKNOWLEDGEMENT AND RELEASE THIS DEFERRED COSTS ACKNOWLEDGEMENT AND RELEASE (this "Release") is made and entered into as of this day of , 2018, by and between HERITAGE BAY COMMUNITY DEVELOPMENT DISTRICT, a community development district established pursuant to Chapter 190,Florida Statutes(the"District"),and LENNAR HOMES,LLC,a Florida limited liability company, successor by merger to Lennar BV, LLC,the successor in interest to Bayvest,LLC (the "Developer"). RECITALS WHEREAS, the District was established by an ordinance adopted by the Board of County Commissioners of Collier County,Florida for the purpose of planning, financing,constructing, operating and/or maintaining certain infrastructure, including a storm water management system and other infrastructure;and WHEREAS, on or about November 1, 2005, the District issued its $20,125,000 Capital Improvement Revenue Bonds, Series 2005 ("Series 2005 Bonds")under and pursuant to a Master Trust Indenture dated as of November 1,2005 (the"Master Indenture"), from the District to Wachovia Bank, National Association, as trustee, as supplemented by a First Supplemental Trust Indenture dated as of November 1, 2005, from the District to Wachovia Bank, National Association, as trustee ("First Supplemental Indenture"). (The Master Indenture and the First Supplemental Indenture are sometimes collectively referred to herein as the"2005 Trust Indenture");and WHEREAS, in connection with the issuance of the Series 2005 Bonds,the District adopted that certain Engineer's Report for The Heritage Bay Community Development District prepared by WilsonMiller, Inc. dated July 22, 2005, which Engineer's Report set forth the District's capital improvement plan that included utilities,stormwater management systems and other public improvements (the"Series 2005 Project");and WHEREAS, further, in connection with the issuance of the Series 2005 Bonds, the District and the Developer entered into that certain Acquisition Agreement dated as of November 1, 2005 (the "Acquisition Agreement"),which,among other terms,addressed the District's acquisition of portions of the Series 2005 Project from the Developer and established the District's obligation to pay to the Developer certain Deferred Costs,as such term was defined in the Acquisition Agreement("Deferred Costs"),from available proceeds of the Series 2005 Bonds; and WHEREAS, the 2005 Trust Indenture and the Acquisition Agreement identified the manner in which the District was to pay certain Deferred Costs related to the Series 2005 Bonds and described the available Series 2005 Bond proceeds that would be available to make such payments;and WHEREAS, pursuant to the 2005 Trust Indenture,over the course of the term of the Series 2005 Bonds, certain money in the funds and accounts established in the First Supplemental Indenture were to flow to the"Deferred Costs Subaccount"and used to pay the Developer for the Deferred Costs(the"Flow of Funds");and WHEREAS,on or about August 13,2014,the District refinanced the Series 2005 Bonds through the issuance of the $17,490,000 Heritage Bay Community Development District Capital Improvement Revenue Refunding Bonds,Series 2014(the"Series 2014 Bonds")under and pursuant to the Master Trust 1 16114i Indenture,as supplemented by that certain Second Supplemental Trust Indenture dated as of August 1,2014 ("Second Supplemental Indenture"), from the District to U.S. Bank National Association(as successor trustee to Wachovia Bank, National Association), as trustee (the"Trustee"). (The Master Indenture and the Second Supplemental Indenture are sometimes collectively referred to herein as the "2014 Trust Indenture"); and WHEREAS, in connection with the issuance of the Series 2014 Bonds, the District and the Developer entered into that certain Deferred Costs Continuation Agreement dated as of August 13, 2014 ("Continuation Agreement")wherein the parties agreed to the continuation of the Flow of Funds within the 2014 Trust Indenture as originally set forth in the 2005 Trust Indenture for the payment of the outstanding balance of the Deferred Costs to the Developer; and WHEREAS, in order for the District to take advantage of current economic conditions and potential cost and/or interest rate savings and to undertake additional projects,the District has determined that it is advisable to proceed with the current refunding and redemption of all of the outstanding principal amount of the Series 2014 Bonds(the"Refunding");and WHEREAS, as a result of the Refunding, the Flow of Funds contemplated by the Second Supplemental Indenture is not able to occur and,as such,the District and the Developer desire to enter into this Agreement to establish the terms under which the District will use certain proceeds of the Series 2014 Bonds to satisfy the obligation to pay the Deferred Costs;and WHEREAS, the Developer has agreed to accept the sum of $268,677.00 ("Deferred Costs Satisfaction Amount") in full satisfaction of the obligation of the District to pay the Deferred Costs provided the Refunding occurs on or before May 1,2018; and WHEREAS, in connection with the payment of the Deferred Costs Satisfaction Amount, the District desires to obtain an acknowledgement and release from the Developer as to the amount of Deferred Costs relating to the Series 2005 Project including those arising pursuant to, or under, the 2005 Trust Indenture,the 2014 Trust Indenture,the Acquisition Agreement,the Continuation Agreement(collectively, the"Deferred Costs Documents") and a waiver as to any further claims for payment for Deferred Costs under the Deferred Costs Documents,and the Developer desires to provide such a release. NOW THEREFORE, for and in consideration of mutual promises and obligations contained herein,the District and the Developer agree as follows: Section 1. General. The foregoing recitals are true and correct and are incorporated as a material part of this Release by this reference. Section 2. Settlement of Deferred Costs. The District and the Developer desire to settle the amount owed by the District to the Developer for any and all outstanding obligations of the District to pay Deferred Costs relating to the Series 2005 Project including those arising pursuant to the Deferred Costs Documents, any other document or agreement between the parties relating to the Series 2005 Bonds or Series 2014 Bonds,or by operation of law. Accordingly,provided the Refunding occurs on or before May 1,2018,the Developer hereby acknowledges and agrees to accept the Deferred Costs Satisfaction Amount as full satisfaction of the Deferred Costs owed to the Developer. Upon payment of the Deferred Cost Satisfaction Amount by the District to the Developer and the receipt by the Developer of such payment at or upon the closing of the Refunding,the Developer hereby releases and waives any and all claims it has, or may have in the future,against the District as to Deferred Costs relating to the Series 2005 Bonds,Series 2014 Bonds and/or the Series 2005 Project pursuant to the Deferred Costs Documents. 2 261 Section 3. Third-Party Beneficiary. The parties hereto intend that the Trustee is intended to be a third party beneficiary of this Release and entitled to rely upon the terms hereof. Section 4. Further Assurances. Whenever and so often as requested by a party hereto,the other party will promptly execute and deliver or cause to be executed and delivered all such other and further instruments,documents or assurances,and promptly do or cause to be done all such other and further things as may be necessary and reasonably required in order to further and more fully carry out the intent and accomplish the purposes of this Agreement and evidence the fulfillment of the agreements contained herein. Section 5. Execution in Counterparts. This Release may be executed in any number of counterparts, each of which, when executed and delivered, shall constitute an original, and such counterparts together shall constitute one and the same instrument. Signature and acknowledgment pages, if any,may be detached from the counterparts and attached to a single copy of this document to physically form one document. Section 6. Effectiveness. The release contained in Section 2 shall take effect and is contingent upon payment by the District to the Developer of the Deferred Costs Satisfaction Amount. {Remainder ofpage intentionally left blank. Signature being on the next page.} 3 16111Ra DISTRICT: ATTEST: HERITAGE BAY COMMUNITY DEVELOPMENT DISTRICT Justin Faircloth,Secretary Edwin Hubbard,Chairman STATE OF FLORIDA ) ss. COUNTY OF COLLIER ) The foregoing instrument was acknowledged before me,this day of ,2018,by Edwin Hubbard, as Chairman of Heritage Bay Community Development District on behalf of the community development district, a community development district established and existing pursuant to Chapter 190, Florida Statutes, on behalf of the District, who ( ) is personally known to me or ( ) has produced as evidence of identification. (SEAL) NOTARY PUBLIC Name: (Type or Print) My Commission Expires: 4 f:' 1.1 141 DEVELOPER: LENNAR HOMES,LLC, a Florida limited liability company, successor by merger to Lennar BV,LLC, the successor in interest to Bayvest,LLC By: Darin McMurray,Vice President STATE OF FLORIDA ) )ss. COUNTY OF LEE ) The foregoing instrument was acknowledged before me this day of , 2018, by Darrin McMurray, Vice President of LENNAR HOMES, LLC, a Florida limited liability company, successor by merger to Lennar BV, LLC, the successor in interest to Bayvest,LLC,who( )is personally known to me or( )has produced as evidence of identification. (SEAL) NOTARY Pt 1BI.,IC Name: (Type or Print) My Commission Expires: 5 MU ' U MINUTES OF MEETING HERITAGE BAY COMMUNITY DEVELOPMENT DISTRICT The public hearing/regular meeting of the Board of Supervisors of the Heritage Bay Community Development District held on Monday, March 19,2018 at 9:00 a.m. was continued to Monday, March 26, 2018 at 9:00 a.m. in the Heritage Bay Clubhouse, 10154 Heritage Bay Boulevard,Naples, Florida. Present and constituting a quorum were: Edwin Hubbard Chairman John May Vice Chairman Jack Arcurie Assistant Secretary Dennis Gagne Assistant Secretary Donna Hunter Assistant Secretary Also present were: Justin Faircloth District Manager Greg Urbancic District Counsel (via telephone) Michael Williams Ackerman (via telephone) Wendell Gaertner PRAG(via telephone) Residents The following is a summary of the actions taken at the March 26, 2018 continued public hearing/meeting of the Heritage Bay Board of Supervisors. FIRST ORDER OF BUSINESS Roll Call Mr. Faircloth called the meeting to order and called the roll. SECOND ORDER OF BUSINESS Consideration of Resolution 2018- 7 Delegation Resolution • Mr. Urbancic commented that the exhibits will be approved as part of the resolution in substantial form as there will be revisions before posting. • Mr. Williams gave an overview of the Delegation Resolution and Exhibits. • Mr. Gaertner gave an update on the pricing and insurance status of the bonds. • Questions and comments from the Board were addressed. let 1, $‘ .: March 26, 2018 Heritage Bay CDD A. Exhibits i. Exhibit A Third Supplemental Trust Indenture ii. Exhibit B Bond Purchase Agreement iii. Exhibit C Preliminary Official Statement iv. Exhibit D Continuing Disclosure Agreement On MOTION by Mr. May seconded by Ms. Hunter with all in favor Resolution 2018-7 authorizing the issuance of and awarding the sale of its not exceeding $16,620,000 principal amount of Heritage Bay Community Development District capital improvement revenue refunding bonds, Series 2018A-1 and its not exceeding $4,515,000 principal amount of Heritage Bay Community Development District capital improvement revenue bonds, Series 2018A-2 (Collectively, "the 2018 bonds") for the principal purposes of refunding all of the outstanding Heritage Bay Community Development District capital improvement revenue refunding bonds, Series 2014; retiring certain other District debt and constructing stormwater management and related improvements; delegating to the Chairman or Vice Chairman of the Board of Supervisors of the District, subject to compliance with the applicable provisions hereof, the authority to award the sale of such 2018 bonds to Raymond James & Associates, Inc. by executing and delivering to such underwriter a Bond Purchase Agreement; approving the form of and authorizing the execution of the Third Supplemental Trust Indenture; making certain findings; approving form of said 2018 bonds; approving the form of the Preliminary Official Statement and authorizing the use of the official statement and the Preliminary Official Statement and the execution of the official statement; approving the form of the Continuing Disclosure Agreement and authorizing the execution thereof; delegating to the District Manager the authority to purchase a municipal bond insurance policy and surety bond for deposit to the 2018 reserve account; authorizing certain officials of Heritage Bay Community Development District and others to take all actions required in connection with the issuance, sale and delivery of said 2018 bonds; calling the bonds to be refunded for early redemption; providing certain other details with respect to said 2018 bonds; and providing an effective date was adopted. B. Dissemination Agreement with Inframark • It was noted that such reporting is required for the timely filing of all information relative to the bond. 2 1611A4 March 26, 2018 Heritage Bay CDD • Discussion ensued with regard to the Inframark fee for this service. Mr. May MOVED to approve the Agreement between the Heritage Bay Community Development District and Inframark, Infrastructure Management Services, LLC for Management Assistance Services in the amount of$1,500 and Mr.Arcurie seconded the motion. • The prior motion was discussed. Mr. May MOVED to amend the prior motion to allow District Counsel to work with Inframark to redefine Item 6.4 and Mr.Arcurie seconded the motion. On VOICE vote with all in favor the prior motion was approved as amended. C. Amendment Raymond James • It was noted that the Trustee had additional language for inclusion in the Amendment. On MOTION by Mr. Hubbard seconded by Mr. Arcurie 1 with all in favor the Raymond James Amendment subject to Counsel revision was approved. THIRD ORDER OF BUSINESS Deferred Costs Acknowledgement and Release • The Agreement has been submitted to Lennar's Counsel for review. • It was noted that the Board could approve the agreement in substantial form; approving the deferred cost amount that will be paid to Lennar out of the existing accounts immediately prior to closing the bonds. 3 1 6 1 1 A 2 March 26, 2018 Heritage Bay CDD On MOTION by Mr. Hubbard seconded by Ms. Hunter with all in favor the Deferred Costs Acknowledgement and Release by and between Heritage Bay Community Development District and Lennar Homes, I,LC subject to Counsel revision was approved. • Discussion ensued with regard to Quality Enterprises (QE) moving forward with mobilization for the projects and staging materials on site. It was noted once funding has been secured the contracts will be released and QE can commence work; then a Notice to Proceed will be submitted. If QE wishes to mobilize before the contract is released, they will be responsible for any costs incurred in the event financing is not completed. FOURTH ORDER OF BUSINESS Audience Comments None FIFTH ORDER OF BUSINESS Adjournment There being no further business,the meeting was adjourned. On MOTION by Mr. May seconded by Mr. Hubbard with all in favor the meeting was adjourned at 9:56 a.m. 0 ----..:4 f J in Faireloth Edwin Hubbard ecretary Chairman 4 1611A2 Heritage Bay Community Development District Board of Supervisors ❑Edwin Hubbard,Chairman o Bob Koncar,District Manager o John May,Vice Chairman u Justin Faircloth,District Manager o Dennis Gagne,Assistant Secretary o Gregory Urbancic,District Counsel u F.Jack Arcurie,Assistant Secretary o Jeffrey Satfield,District Engineer L Donna Hunter,Assistant Secretary Regular Meeting Agenda April 5,2018—9:00 a.m. 1. Roll Call 2. Approval of Agenda 3. Public Comments on Agenda Items 4. Engineer's Report A. Water Testing Report B. Bathymetric Update 5. Attorney's Report A. Loan Update-PRAG B. Public I-Tearing Discussion C. Quality Enterprises Contract Update i.Pre-Construction Meeting Update D. 30A/30B Boating Regulations Update E. Stonnwater Management Rules and Policies Update F. Public Access Update G. Buoy Installation Update 6. Old Business A. 2018 Summer Lake Bank Project Discussion 7. New Business A. Lake Bank Repair Protocol Discussion 8. Manager's Report A. Approval of the Minutes of the March 1,2018 Regular Meeting B. Acceptance of Financials C. Field Manager's Report D. Lake&Wetland Management Monthly Inspection Report E. Follow Up Items 9. Supervisors'Reports,Requests,and Comments 10. Chairman's Comment 11. Audience Comments 12. Adjournment The next meeting is scheduled for May 3,2018 at 9:00 a.m. District Office: Meeting Location: 210 N.University Drive,Suite 702 Heritage Bay Clubhouse Coral Springs,FL 33071 10154 Heritage Bay Boulevard 954.603-0033 Naples,FL 16 % 1 A a HERITAGE BAY COMMUNITY DEVELOPMENT DISTRICT COLLIER COUNTY, FLORIDA 2017 FOURTH QUARTER WATER QUALITY MONITORING REPORT DECEMBER 2017 Engineers Architects Flmwcrs O Surveyors LnndscnpeArehttrets Traffic/Transportation Environmental Scientists Construction Management CPH,Inc. 2216 Altamont Ave. Fort Myers,FL 33901 (239)332-5499 1 6 1 1 A 2 2017 FOURTH QUARTER WATER QUALITY MONITORING REPORT HERITAGE BAY COMMUNITY DEVELOPMENT DISTRICT COLLIER COUNTY, FLORIDA TABLE OF CONTENTS Page 1.0 INTRODUCTION 1 2.0 DATA COLLECTION 1 3.0 RESULTS AND DISCUSSION 2 3.1 Temperature 5 3.2 pH 5 3.3 Dissolved Oxygen 6 3.4 Nutrients 7 3.4.1 Phosphorus 7 3.4.2 Nitrogen 8 3.5 Chlorophyll a 9 3.6 Salinity 9 3.7 Conductivity 10 3.8 Summary 11 TABLES Table 3-1 2017 Fourth Quarter Water Quality Test Results 3 APPENDICES APPENDIX A—FIGURES FIGURE 1A CDD Stormwater Lake System Map (South) FIGURE 1B COD Stormwater Lake System Map (North) FIGURE 2 Sampling Location Map FIGURE 3 Cumulative Temperature Measurements FIGURE 4 Cumulative pH Measurements FIGURE 5 Cumulative Dissolved Oxygen Measurements FIGURE 6 Cumulative Phosphorus Measurements FIGURE 7 Cumulative Total Nitrogen Measurements FIGURE 8 Cumulative Chlorophyll a Measurements FIGURE 9 Cumulative Salinity Measurements FIGURE 10 Cumulative Conductivity Measurements APPENDIX B—PHOTOGRAPHS OF SAMPLING LOCATIONS 1611A2 1.0 INTRODUCTION The Heritage Bay Community Development District (CDD) serves the Heritage Bay Community, a gated community located north of Immokalee Road approximately 4.8 miles east of 1-75 in Collier County, Florida. The CDD maintains a complex stormwater management system (System) which serves the community as well as the golf course. The System is comprised of numerous components including swales, gutters, inlet structures, conveyance pipes, control structures and 29 man-made lakes (Figures 1A& 1B, Appendix A). The proper function of each component is vital to managing stormwater as well as the quantity and quality of water in the lakes. The CDD's goal is to ensure compliance with regulatory requirements and proper function of the system while maintaining a safe and aesthetically pleasing environment for community residents. As part of the CDD's efforts to manage and maintain the System, CPH was tasked with monitoring the water quality in the community's lakes, including field measurement of temperature, salinity, conductivity, dissolved oxygen, and pH. CPH also collected samples for laboratory analysis of Kjeldahl nitrogen, nitrate/nitrite as N, total nitrogen, phosphorus and chlorophyll a to assist in evaluating the current health of the lakes. Changes in these parameters over time can also be used to assess water quality improvement needs and to evaluate the effectiveness of any water quality improvement efforts undertaken by the CDD. 2.0 DATA COLLECTION The field measurements and sample collection were conducted on October 31 and November 1, 2017. All samples were collected and analyzed per Florida Department of Environmental Protection (FDEP) Standard Operating Procedures (SOP). Samples were collected as grab samples at 1-4 feet from the surface as per FDEP aqueous sampling SOP. The locations of sampling points in each lake are depicted in Figure 2. Grab samples can be taken from shore if open water can be reached and is uninfluenced by emergent vegetation. Disturbing sediments in the immediate area of 1 1 6 1 1 A 2 sample collection was avoided. Samples were taken to reflect stable conditions, avoiding heavy rainfall events and drought. Samples were collected from the photic zone, the surface layer where sunlight can influence growth of plants and algae. The water chemistry parameters sampled are intended to assist with the characterization of conditions in the lakes to evaluate the water quality and its effect on the type of plants that grow in the lakes, the rate of growth, and the suitability of the lakes for fish and other wildlife. This analysis may be repeated to reflect seasonal variation and interpreted in a time period that will reflect annual trends. Subsequent water quality monitoring events may be used to determine the effectiveness of any water quality improvement programs or projects that may be undertaken by the CDD. 3.0 RESULTS AND DISCUSSION The 2017 Fourth Quarter Water Quality field measurements and sample collection were conducted on October 31 & November 1, 2017. The results of the field measurements and laboratory testing are presented in Table 3-1. The results herein provide a comparison of the water quality results from the July 2016, January 2017, April 2017, July 2017 and October 2017 sampling events. Data collected in July 2016 included parameters of dissolved oxygen, salinity, conductivity and pH. In January 2017, additional parameters of nitrogen, phosphorus and chlorophyll a were added to the sampling protocol. 2 1 6 I 1 A 2 cg CO co a - o. o- n L. ono a v o m a, az ai E c o O .. co °1 E > m c III E -->> CL v a ai a, ar m CO LN U0 C o :° E .c E o 'ao E - E a >• > ro 1:3- E o •« f` !_' f0 U 1 0 'a'' Q) tz VI co — ate-, = fYa = z c J• Y LL CU a v O , nO > 0 ,o ro a o vi N _a U Ln a w ._ . S _� a c U y .0 0_ c 00 a E ac o_ ' riY a a , a c n o. o as N O_ LA O H O. 00 m d a h a a+ a) Vn ✓ d N a, E v ar n o n m -" > m ` m m > CO u a. ca OA m - `co co •`0 m O E o m E COec▪s L- _c a s �n c c .b4 s ,�f0, -c ._ - E V E = r O 3 e - m U o 3 0 - 0 3 m " m a 2 'm E op (o -o as -0 -0, o E c°°o o A t E Q W U Ln CU w a w co L� win w MI = a s in a = N a T RI 0 sa cn N N O 1 O HL. QCC O Z G c-{ rl 1.-i r-1 r-i r-1 rl '-I !!lIl ! !P ! DLo = LnLnOO OOO Oii 2 rn co m rn OD 00 e-1 .-I O N O N O N i' Y R E O O 0 O O O O Z Z O O C C O O O J ,D Zal 111 m1111111 N O L/1 O GI G 6C0 O ri d ,,iI Q r-I <-I .-i M Y "r U) a.C E a1 a1 co 01 N 0 m .-I N en O 0 .--I LO 0 G E a1 N v Oi 00 m r+ r+ Lo c0 r+ oo .-1 y v d F- ,. .r =+ ii. u n LD N N C7 d' .-+ •--r 01 0 N O CD u :, Ln cr V 00 1n N N co N Lo - LA N I`, dV _ V .4 _ c1 d d Cr ct ct Cr Cr en en L T_ .0.1 CCL N N N N N N N N N NN N N N al _ V O O O O O O O O O O O O O O 3 a 1 d M 0 O LO N O Ln en Ln Ln en Ln R O E q oo N v, 00 r-I 00 Ln N LD O Lo 7 O Q. e-{ o ti c7 cn 00 00 .--I N Ln CO ci CI r`I. O o0 L11 n en O o m -I O `r ill N N N N N N N N N la Lnr fl.©EI LD E E N Ln in Lri in LA 0 N cu .0 M O_ .. .-I IIII N N N 0 In 16 % 1A2 N m C ro C p0 0 Y CO = CL maai 0. m n 7 . o_ d m c` Z a`) c `) m y fl y t ai v07i CYO Q m m a a7 a�3 Q a ,� a a o a -o C) L fel co OD q0 L v N a/ O m m m v 3 C •o - J a ,cn LA co 0 on c E C C C O - .(a o CO a1 C0 (D CO U m 0 .0 0 co 7-_- d 7 «'• co `-' N 0 W O ••— o bD N o 0 0 co UO EL) 3 y -0 Q .C- CO +° vC1 COCO a O. C1 vi s C7 m o0 7 a) "-' m N Q d 2 vi d o C Q. LI. vl VI C d W tul W W - — W N J tbp U CO C y U . a C o , o a) u) o a) SZ 0 a 0- 0. 0. 0 0 a U d. , m Q d Y a Vf O ro a d. m 0_ o co • of (n o N v7 an y y, o .L N m Y N N m N an m h0 V) N 00 a) -o 00 y ` (n m m - poo oo y m O fO to ra > co o 'a m m (o p N ro _c r 7 c`o s .� s E E m m o LL ,n r`o ._ m VI - m o s o c (`o s c j - c C• U U U t3'', U C U U C Y C Y C - = 0. Cal - Y U .- •U C .- Q ea N d ttoo 0 N ,-yo N O O fC6 ao' (mo ccoo N N ro cco v a-j. ca j. p O re o 0 ,131E O W W 0- V) W .> W c. n. n. Q N .0 >- V) -0 N ._ N S v) Z d LL N W W d 0. LL C ✓ OD et) \ � .-I e1 .-I N .-I O Ln M . M r•-. IN a I l0 O .- e-1 .-i .- .-1 .-1 .-1 .-1 e-1 e-1 e1 e-i I- a+ O O O Z `� N t \ V1 M (T) .1 .-1 O Cr) .4- N .--1 CL o0 N = O O = D V v N 00 Ln IN LC L) Q1 C E C O O O O O O O O O E = O O O O O O O O O O a c 0 _ _ _ .•••• m ea w J - — C COCr) LD 01 ? p0 M M = = ,..1ON = D D D e-i N = = COCO • �' 07 O O O O O Cr,g Z Z O O O O To V- U '1_ U U O 13• \ i N N e-1 c-1 eL--1 O Lr) N CM r-I O 1.0a O Tu OCE e•-I e•-1 e-1 .-•i e-I e-I ..1 .-1 0 .-i e-1 e-1 e-I O O N 70 Ne._ -0 7 C O CO 0 a-.• 0. CL `� O• d'Lr1 of O 01 O M M O .-1 m CL G tl0 ct .-I M en d' l0 e-1 .., N Lo 111 00 `"1 00 C O O L., t U d v a) o OU a+ -0 9 "Oa) la .. L!] V] N 01 to (N -I n Ln 0 N C1 00 O N 0 \ to I,- N . Lel N.IN d' 00 ..--I 0) MLD 01 to an m .0 Y C• •� f en M en 01 en d' M en N en en M men p_ U E Li ate, O 2 'C rNa. N N N N N N N .--1 s-1 N N N N N N `6 U y 0 O O O O O O 0 0 0 O 0 0 0 O ,.... 0 ca cn y -0 CA E 01 N N N N N N 0 N 01 l0 N en N +_••' O m 00 N l0 CI) N. O N. Ln M C) N u1 C C • a O O O O O -I .-1 N N m m m 01 O� 03 a„ a) m E L.7 0• 00 m 01 . O N LO .1 01 Mr .--1 CO Mt n _C 7 H v N N N N N N N N N N N N N N N 0 > 01 CO 7 Ln LI Q. u-) Ln 111 to to in to LI) 0 LI) U') N tri c.r) .O Ln . j 0) 0) - as ,a? o,mC E d rI .-1 N , I 1 a i N .1 .-4 ,--I N s1 Nv_i 1 . v� 0 osw Z H II II 1 1 c`7 fYJO Z N ti ,1 a�-1 N N N N en N N N N co N -... .—... 16 1AZ Water enters lakes and ponds in a variety of ways. In Florida, most of the water entering lakes and ponds comes from precipitation. A large portion of precipitation re-enters the atmosphere through evaporation and transpiration of plants. Some rainfall flows overland as stormwater run-off through the many watersheds in Florida to enter streams and lakes. A portion of precipitation soaks into the ground and travels beneath the surface as groundwater. Changes on the earth's surface, including paving and construction, alter the amount of rainfall that can percolate through the soil to reach and recharge the water table, thus affecting the hydrology of the area. Fluctuations in lake levels are normal, although control structures are used to modify water levels. The underlying geology of a lake is another important factor in determining the source of water to lakes. The properties of the underlying bedrock determine whether water will seep into the water table or be retained in the lake. 3.1 Temperature The temperatures in October 2017 ranged from 22.1 - 26.2°C, within the expected range for the time of year. Temperature is used in analysis of dissolved oxygen values. The temperature measurements in all lakes during the last five monitoring events are shown in Figure 3, Appendix A. 3.2 pH pH is an expression of the amount of hydrogen ions (H+) in the water. Distilled water has a pH of 7, which has equal amounts of hydrogen (H+) and hydroxide (OH-) ions. As the amount of hydrogen ions increases, the pH reading is lower and the water is considered more acidic. Conversely, when the quantity of hydrogen ions decreases, the pH reading is higher and the water is more alkaline. A change in 1 on the pH scale represents a tenfold difference in the amount of hydrogen ions in the water. For instance, a lake with a pH 6 is ten times more acidic than a lake with a neutral pH 7. In southwest Florida lakes, pH can range between 4.44 and 10.04 with a median value of 7.29 (Romie, 2000). 5 1611A The pH found in the CDD lakes was within the low to normal range for Florida lakes in this region. The October 2017 pH values are very similar to the values from previous monitoring events, ranging from 5.0 to 6.5. The pH of all lakes during the last five monitoring events is shown in Figure 4, Appendix A. 3.3 Dissolved Oxygen Fish and other aerobic aquatic organisms require oxygen to live and reproduce. For those that cannot obtain oxygen directly from the atmosphere, the amount dissolved in the water is critical. The amount of oxygen that can be dissolved in water depends on several factors, including water temperature, salinity, and atmospheric pressure. On a relative scale, the amount of oxygen dissolved in saturated water will be greater in cooler waters than in warmer ones. The capacity of water to hold dissolved oxygen (DO) also decreases as the salinity increases. Oxygen enters waterbodies primarily by transfer from the atmosphere across the air- water interface and to a lesser extent by the action of photosynthetic organisms. Transfer of oxygen across the air-water interface is facilitated by increasing the surface area exposed to the atmosphere. The surface area of a water body in contact with the atmosphere is increased by wind-driven waves and ripples as well as by forcing water into droplets by splashing over obstacles or forcing through a fountain. Given that atmospheric transfer is the dominant mechanism for infusing 02 into an aquatic system, the surface area to volume ratio is very important for establishing the baseline oxygen status for a given water body. Deep water bodies with relatively low surface area will have less opportunity for 02 transfer into the water compared to shallow water bodies with a larger surface area exposed to the atmosphere. DO levels also typically follow a diurnal cycle — higher at the end of the day and lower at dawn. This is because plants in the water produce oxygen through photosynthesis during daylight hours, but consume oxygen through respiration during hours of darkness. DO can also be affected by decomposition of organic matter such as aquatic 6 161 1A plants and algae. Aquatic plant control through application of herbicide can introduce a large volume of dead plant material into the lake and potentially cause oxygen depletion. Fish typically require DO concentrations of approximately 5 parts per million (ppm) for optimum health. Exposure to DO levels below 2 ppm for 1 — 4 days will kill many aquatic organisms (Wilson, 2014). During the monitoring event in October 2017, DO levels in the lakes ranged from 0.22 — 11.35 parts per million (ppm). The observed DO concentrations were very low in Lakes 2, 3, 10, 15, 16, 17, 18, 19, 20 and 21. DO levels in the remaining lakes was normal and sufficient to sustain fish and other aquatic organisms. The reason for the low DO measurements in some lakes during the fourth quarter monitoring event is not known. Observations in the field with respect to vegetation and aquatic life were not consistent with the measured values. One possible explanation is decomposition of vegetation that recently died off due to cooler temperatures and/or fluctuating water levels. Instrument malfunction is also a possibility. The dissolved oxygen level in all lakes during the last five monitoring events is shown in Figure 5, Appendix A. 3.4 Nutrients Nitrogen and phosphorus are nutrients that fuel the growth of plants. Vegetation and algae are a water body's primary means of assimilation and response to the addition of nutrients. Excess nutrients in water bodies can result in excessive and problematic growth of undesirable plants and algae. Filamentous algae, stringy plant-like algae found in shallow water around the perimeter of a water body, and planktonic algae, single celled algae that makes the water look green or brown, most commonly affect people's perception of "water quality". Excessive growth of either form of algae is indicative of nutrient enrichment and an imbalance in the lakes floral community. Nutrients are Florida's primary surface water pollutant. 3.4.1 Phosphorus Phosphorus is usually not available in the environment. Phosphorus has no 7 1 6 1 1 A c atmospheric gaseous phase and binds tightly to many organic types of sediment and is unavailable for uptake by organisms. When one nutrient is less available than other nutrients, it is called the limiting factor because its availability determines plant growth. Therefore, phosphorus can be the key element in triggering excessive algae growth. Although natural phosphorus levels in surface water bodies is very low, human sources or activities such as fertilizer application, sewage spills and soil erosion can overload lakes with available phosphorus. Excess phosphorus (even in very small amounts) introduced to a lake provides food for plants and algae and can increase the vegetation growth within a lake and have a negative impact on water quality. Large concentrations of phosphorus can create algal blooms, turn the water murky, cause fish kills, and diminish the lake's recreational and aesthetic appeal. The decaying algae and plants eventually die and sink to the lake bottom consuming oxygen as they decompose. As the already low oxygen levels near the bottom the lake decline, phosphorus trapped in the sediment is released, increasing the availability of phosphorus to the lake system. The October 2017 sampling results show virtually no phosphorus present in the CDD lakes. The phosphorus level in all lakes during the last four monitoring events is shown in Figure 6, Appendix A. 3.4.2 Nitrogen Nitrogen is necessary for many natural biological processes. Nitrogen is present in all lakes in several different chemical forms. It is the fourth most common cellular element necessary for plant growth. Nitrogen is readily available to plants from several sources. First, the atmosphere consists of approximately 72% gaseous nitrogen (N2) and blue- green algae can convert N2 to a form that is useable for other plants. In addition, nitrogen moves rapidly through soils and is quickly converted from one form to another by nitrifying bacteria. Human sources of nitrogen include fertilizers, human waste, and changes in the surrounding vegetation due to fires, floods or clearing. Plants need many nutrients to grow, but nitrogen and phosphorus determine most of the algae and vegetative growth in a lake or pond. Excess nitrogen in the lakes can fuel the growth of 8 161 1 A 2 excess algae or other undesirable plants. The nitrogen levels observed in October 2017 are in the normal to moderately high range for Florida lakes. Lakes 2, 10, 14, 22, 23, 28 and 29 are in the normal range with nitrogen levels ranging from 0.5 — 1.0mg/L. The remaining lakes are in the moderately high range of 1.1 — 1.3 mg/L. The total nitrogen level in all lakes during the last four monitoring events is shown in Figure 7, Appendix A. 3.5 Chlorophyll a Chlorophyll a is an indicator of the amount of planktonic algae found in the water column. Elevated chlorophyll a levels are directly correlated with reduced water clarity, odor and the potential for algae blooms. Chlorophyll a values can be expected to rise during the warmer months. During the October 2017 sampling, the chlorophyll a values observed in the majority of CDD lakes, while typical for Florida lakes, are in the low range of 0 - 14 mg/m3. Lakes 9, 16, 22, 23, and 24 were in the medium range of 14 — 25 mg/m3 Lake 7 was in the moderately high range of 26 — 40 mg/m3. Lake 13 had a relatively high value of 81 mg/m3. The chlorophyll a measurements in all lakes during the last four monitoring events is shown in Figure 8, Appendix A. 3.6 Salinity Saline water(more commonly known as salt water) is water that contains a significant concentration of dissolved salts (mainly sodium chloride or NaC I). The salt concentration is usually expressed in parts per thousand (permille, %o) or parts per million (ppm). The United States Geological Survey (U.S.G.S.) classifies saline water in three salinity categories. Salt concentration in slightly saline water is around 1,000 to 3,000 ppm (0.1-0.3%), in moderately saline water 3,000 to 10,000 ppm (0.3-1%) and in highly saline water 10,000 to 35,000 ppm (1-3.5%). Seawater has a salinity of roughly 35,000 ppm, equivalent to 35 grams of salt per one liter (or kilogram) of water. The 9 16 % 1 A 2 saturation level is dependent on the temperature of the water. At 20 °C one milliliter of water can dissolve about 0.357 grams of salt; a concentration of 26.3%. At boiling (100 °C) the amount of salt that can be dissolved in one milliliter of water increases to about 0.391 grams or 28.1% saline solution. Water salinity based on dissolved salts classifies a water body into three categories: • Fresh water < 0.05% • Brackish water 0.05-3% • Saline water 3-5% The salinity found in the CDD lakes is within the normal range for man-made freshwater ponds in this region of Florida. In October 2017, salinity was low (0.1 - 0.2 ppt) as expected and similar in all 29 lakes. The salinity measurements recorded in all lakes during the last five monitoring events is shown in Figure 9, Appendix A. 3.7 Conductivity Conductivity measures the capacity of water to conduct an electric current and indirectly measures the concentration of ionized substances in water. Conductivity can be used to differentiate among various water sources, such as ground water, agricultural runoff, and municipal wastewater. Because it detects contamination from animal and human wastes, which contain salts, it can be used to detect septic tank seepage along shorelines. It can also be used to detect saltwater intrusion. Conductance increases when more of any salt, including the most common one, sodium chloride, is dissolved in water. Higher values represent better conductance. In general, waters with more salts are more biologically productive, except where there are limiting nutrients or other environmental factors. Changes in conductivity beyond natural background variability can harm aquatic life. Approximately 80% of Florida lakes have conductivity between 90 and 1000 pS/cm (Hand, 2004). Conductivity values during the October 2017 monitoring event ranged from 297 — 482 pS/cm. These values are in the normal range for man-made lakes in this region of 10 161 1 A 2 Florida. The conductivity measurements recorded in all lakes during the last five monitoring events is shown in Figure 10, Appendix k 3.8 Summary In summary, the 2017 Fourth Quarter Water Quality Monitoring Event shows: • Temperatures were within the expected range for the time of year • pH values were very similar to the values from previous monitoring events, within the low to normal range for Florida lakes in this region. • DO concentrations were normal and sufficient to sustain fish and other aquatic organisms in the majority of lakes. However, the DO concentration measurements were very low in Lakes 2, 3, 10, 15, 16, 17, 18, 19, 20 and 21. The typical cause of low DO levels is higher water temperatures coupled with high amounts of aquatic vegetation, especially algae. The reason for the low DO measurements in some lakes during the fourth quarter monitoring event is not known. Observations in the field with respect to vegetation and aquatic life were not consistent with the measured values. One possible explanation is decomposition of vegetation that recently died off due to cooler temperatures and/or fluctuating water levels. Instrument malfunction is also a possibility. The DO meter will be tested and serviced as necessary prior to the next monitoring event. • Phosphorus was not detected in any of the lakes. • Nitrogen levels were similar to the previous monitoring events with normal to moderately high levels detected in all lakes. • Chlorophyll a concentrations were relatively low in most lakes. Lakes 7 and 13 had slightly elevated levels of chlorophyll a. • Salinity and conductivity in all lakes were normal for freshwater lakes in Florida and similar to the previous monitoring events. Salinity values were uniform in all lakes with a value of 0.2 ppt, except Lakes 22 and 23 which had a lower value of 0.1 ppt. Further water quality monitoring events will provide additional information to help guide the CDD in how the lakes function and further assist with lake management. The next water quality monitoring event is scheduled for the first quarter of 2018. 11 1611A � CITATIONS Romie, Kenneth, Water Chemistry of Lakes in the Southwest Florida Water Management District, Resource Management Department, Southwest Florida Water Management District, February 2000. Wilson, P. Chris, Water Quality Notes: Dissolved Oxygen, document SL313, Soil and Water Science Department, UF/IFAS Extension. Original publication date December 2009. Revised August 2014. Hand, Joe, Typical Values for Water Quality Parameters for Florida's Lakes, Streams and Estuaries, Watershed Assessment Section, Bureau of Watershed Management Florida Department of Environmental Protection. October 2004. 12 1611A2 @ ° Th APPENDIX A Figures Heritage Bay CDD 2017 Fourth Quarter Water Quality Monitoring Report Collier County, Florida 1611A _ l SEtt ,,,,,. P i. 4Y ,s 1-UNE IL . ...).#/ ,1,,._:•; f,�s i i I k ` Yt $ 14 , ' A i � la ',t Wr: OMTROI. CTR'.CTURE x:,! t. . 1 f- jr t 2L3,1 1 ill C} ° ' za ,,,, �,. OOUIBLE 48' RCP ,Si, r ,:iF I' 1 w LIKE #22 ET)A �. I) I c 1i ,f i t �# W I ' :4 • • 11' k j,. y r • .. .. I; ,t,(i 3 ist# fel ,I 4 3 tAKE,: 23 amme— �■ imi — - '1' tz,, � ...:::„Rei: 4• RCP 3R. PCP .: . , , .. .., .., ..„‘,- ,-,,,',„..-„,,,_,,, .i,'--f 404: .-4. 4 .,.„.,:.-..;:',)..,A.,-., s, _ : , - ---0-----,.,,e4y Y'444:441r '•' - —.1'''''''," 1. E4z1-0 -' 4+ y s- „ ' 742:' v' 11 a,1 2E y E "#`'f� �, v s s-a F"' ,, s + 'I i tk...r v'�� '•:. w. i S €i � ,..,..„.„:„.,,,7;z:,,,,...„.„,,,,,„..,-,,, e n,x. ,, ' �� t 4 i ._ &s..F ^ a a t x e 1 t I .r;y„ . w,�. ,i z+rwo .. C -��. -hs e �, ; i. it { I I + Ir ( 4 t tl it �i. (k 1 to r- Rl1+I1C -0 f i I ' I 1' '04.;'[...- i-L.',-i . ' .' . -; '"*--.',-”:- .iP;''--,1"C W3/P.-4:,:,774.--7, -",';''F',%'-"-:';'' ',..... ,---- ,�• °� j,,t + Q2tj _ �t t Ba 'RL' "`ws 'r II ,;-,',,,,„,540,4;::,,,,...z.4, ''roe.;Z.'.F w�■■III�t _ - .,,. LAKE $2� ,I '. ,..,-.44•-=*'` 24' RCP e 48" RCP Scale�NA CDD STORM WATER LAKE SYSTEM MAP ti Date.ot5125/2017 Z HERITAGE BAY CDD 3 Photo Date:NA /)moi SECTIONS 13&24,TOWNSHIP 48 SOUTH,RANGE 26 EAST FIGURE a Project No.H13603 SECTIONS 18 8 19,TOWNSHIP 48 SOUTH,RANGE 27 EAST 1A ° Biologist:AED GIS:RCO COLLIER COUNTY,FLORIDA 1611A "/ ...te'''' Fro,:•:: in ;in, 4 ;'.‘,;'' '1,..j..'-!.: '-'131-.--- ;.. : ii..;',, .•,,,.,....... ,,:riz, ,...1.liV. *-4-1'', -.,........ ....-.,... „ ,.. ' ,,, ,, ' ,. • . Canial.:11170CIIMEI 4102 \. ,______•.:: :014.4 Plir" " ,t.0t,11ROt st111.4.qpin , ..........„.177,......,,,, - 7.1.COD:17190ELINE117.R.1' *I,' ' ,A.- ,,,,n-; i' ..-.:;" - '„,,....*-'-"•.--/.....„.„• ..._• „„, • , i ,,::: .;---,:-:..--. '-''',':t-•=.....golk:.-N, ' ' Tz.. ,... 4,. -9! -,.';',4- -i''''''''''-'---- ,C"**Ati' ' , r::I-'d.--• --=-1L,lb j."`-----: :1 --7-77:4‘1,41' l'3Pi:kr-IVI'V' ''...':_Y• ::-. ...I , ' ' '- ' '' 1 r1;•;!; 0' --Iih-R0::"!*1:1 "?:'-.C,:'---,44PIV-j!,:e '' ,Sn't)./ ''.... i, n ,, ---,---...., ... 7 .. ",,44. 2,-'''.:7.'-=',' n:T ; --k, ---Ts--.' „.1., IT i -• ., „ ,;‘,.„.1.4.,..-:„.„ „, ic,'-:;• -1- 'l-,I:.,:I,4.-' : ..•.; - v,1,,,..,_ - ;.•,„,y,7"...:...,, - - __. , , ! c., 44 ..,,...---,.•_,.. 'c.)'--- - -, :,..',..'1.1A-..js=',--',••,.-.L--,. . 4., ,,i- ,,V,: 0 ,,t;'.- -'7'.' - 'I: ' .,. - .'' ''-',"•‘,-,,,...--.-,,.,;,„••-•'`., 1,','",kt,..‘,:;,'7:-,4,1,'-v---,z,,,,,P.' -''------7,-„,,,, ,,r,',71-,,t,';;;;;I . ' '-', .1tr,-4,41,,',:',, ,,1,=',,,s., •- ,...,, ,..,...,.,. - -it', 4,- dc, ''.7.,44‘54#:_-,-,:477,0 '•.'''-c.11, 4'.'t414,-1'2,''''',..---,-,-;4tv ;,,,,,, ..,,,,,,,,,,,,,,, -, . .4;',,'„,,:7:, *isiiiii;:,;.-.--. --.v.,,:„*- 11,',:,.:„1, '-'!'-''..'z',,-`1;347i;-?4,413 :;!.4'..,". -%,',,.,.•::',,,eit.,---t-4.:.:-',7,1i','.U0P--,:''7''L ',:,',13',1'-':::".2Y:'-' '‘,!;4,,7 /,..:- .--- iii.,..,-—1 —.-na i ..;.. it.c.-1,. -' '--—— - ..—.--- -----7 --""CONriol. sirttrie 24"RCP ?V RCP '::•:'Ili; ).7.- - . #01.10 Mr RCP i ,6 FIGURE 1 1B Scale:NA Date:5/25/2017 SECTIONS TOWNSHIP 48 SOUT 48 SOUTH, H,RANGE 26 EAST RANGE 27 EAST SECTIONS 18& TOWNSHIP19, Ti 30:2 47CDDSYSTEM MAP gi, Photo Date:NA HERITAGEWATERLAKEBAY GIS:RCO SECCTDIODNSS ia PBroiotgatsNI:oAE.HD13603 COLLIER COUNTY,FLORIDA 1611Ae • SAMPLING LOCATIONS C ' LAKE ID i a µ 0 • st -; ,.is$,x, -rte - '.aw" w4O,fly ,,,� �» e u. x ''Lr1 to',t `f +.e-~<.,L++a,€t.,al<., at� ( .�, O-,•-•40';p.'•y F ..' 1. ' T yet r �' a'� f 'r'`' 4 r. `�� r i --^" . . .. APPROXIMATE `°J .. p'''! ..„.„ .. , PROPERTY BOUNDARYIMATE 11111 r lf m0.t t 3. %t�YG®({ Yi'. vs 4 1@ �fF qg gy 'i 9 aA,.ji .•' : .te f,kf zr • 4 eg 7'Mert-Alititi ,--. ...?,....:.gra,-.-4-:;'.-,''..-",;,;:,-4,..;*-KM, A''' ':i''''-':,',"t, !'' ,_ -ffi. .y r ,44 .,4.e. w .i. ,.4 :a x4','''''3''''';21 •4 A , y«•*w „.-_„_4: dzi.-.S."4„,,,,s. s S xio‘ ii.ii. 4ggir :( om ,74 ,,,st .',,. ks @.01,.-,,--' - r f � p,.,,,-..,.,,:.,„.1., � 3 Scale:1^=1,500' , At LAKE SAMPLING LOCATIONS MAP A /� Date:5/15.2017A_ HERITAGE BAY CDD FIGURE %( (r, 9 Photo Date:2015 SECTIONS 13&24TOWNSHIP 48 SOUTH,RANGE 26 EAST �J LJ P oject No.H13503 SECTIONS 18&19,TOWNSHIP 48 SOUTH,RANGE 27 EAST 2 Biologist:AED GIS:RCO COLLIER COUNTY,FLORIDA 1 LU a o CD el I I- coN 01 H M COCO cp Wca CC 0 i Cb a ' W a0 O V 0W0 N X U. Ha 1 ■■�rrNl��r. m cn z g m r w ee W C9 0 � I I— U r 3 o i 5 Q 0 Cr 0. 0 co � .,. ,., as ,- w u. � W 1 I STV wlANN ce m tia O "a ' m6smo g. I:2 ' O O 0 0 0 0 O 0 00 m m N O ti O N O VI H 173 CU al .m Lail 1 8 V V 1 6 1 1 A 2 W a o �� ,. :A. n j- cil p' (an■wIF N W B .7 csJ k�, N Z CC 1 'Kr F coa N ca= (n z ...-.. - ..-i rrlir wi'r If Z F W of $-..a a ,Yryr 4i, Ti-, N WN m Q 0 o zR ryu 00 LL W 12 I Q <OU Cl- F w W x w rrr W =I Q Z ti 0 ton _ o m = J z O 3 = F. i I7 ry cn . .. cn0 U :11_ ^fir W m 1111111111111111111 .. r. 0 ajCrnimmimmin N Z _w Q m x Q z N 45 15 0 Q mow:- m 8 o E k' m Rte' +.asfbtui" ,_ N OI:2 W : :-'. dam&" .,c^'. rl271 4— Q gel. ml O 03 lD C N O Z V 1,a i g 1 6 I 1 A 2 W 0 in y y sp A M-- 1 ( W 11111 O w N N Z D co ry co IIPIMINIHIMIIPII W v cC a_ fWR N C W w CC D o cii- ry W CC ca C co a N W 0 z6- .11.1.1 .11.1.1- 0 u oL 17-U- 0 0 ory m F IIIIIIIIIIIII 0 01•Z W F:0 � W IIIIIIIIIII t— WCC C .u„ ,,. ._ x CO Q v CC ai 11111111111111.11111111111> 0 >. r > F- X o e 0) Z yr Tiyr D o. N �... rr 0 v► M g z c• o tuw I . . ._ ! • 00 • 0 6 2p • N d = Q N W Q [ .i O •m I ,,, A m o .a° 0 0 N co a a d CO m C2• Et- S g o $ 8 0 0 cO W b V N O N /^�C A c. g 1 6 1 1 A 2 0 a o CD • ■ ■ en I— N¢ cor N N W 0 r Z N 4 x N 1-- D 0 w rr^^ co VJ co I— a ^a' Wu) m W o Cr N U) otS ,-Q W o I N EE V 00 LL a= Q U Y Ce mLeg z • O W g • d LI,. _• � _ = 00 Cl. z W a > _ i -i I' O - w 0 YD w vs D x t 0 z CL - o A0VMAXOWV; m I- N - N 00 N M - CO _0 I- 1 0 m co ' / . • O U cr b fn 5 u) 0 a N Z Z '9 m * a Al N ^ ° d p m v o •g.o I. I N h R .. g12 d n to ._-LI a m N .io 0 0 0 o c o 0 __ a go E 1611A2 N. N N. N w I a ■ a LT.. N i 1.- 1 .111111111111110 W CK MINPROMN e N 0 11111111111111111111.1111- o CD co r co Z v uJ a 1 Z 1 11.1 0 NIMIIIINIIII m CO _ Q suprawismvswN W ea 2 -o W V OO /R LL O m W r IIIIIIII Et Z Q 4O Z t W Ex 111111111111111111 CL oW I— = 0o - 0 ZC s I CEJ u1 = 40 ~ OL p Q ++ Z J oz. Z Y D a eaI 6' � a m i v z 11- 1 ,::4-, , o i ,, i z O 1 0 W o I W ‘' SVAVAliftS1 rn 1 I 11111111.11111 1 f 6 U) 1 11111111111111111111111 1 r- O oZ 1 W MEM Z , v 4tN 6 0 N__O Q A.47_Le461.4,LWm o d L m E2t- gar R .y a m -- un in a M N ., 0 Q 1.,^ i ? OD Z? 1611IC/ LU C Oce a o II RAL CO CON IZ 0 N a CC N j N I— Z a N I W E I w N z w o Qi N *am a 2 -0 y 0— • ry J v 00 u. J a ~WF °0W z w � o < <0 C 0 w w J = LII_J 0 O i I 0 p a r W > I- >. 7 a rl;:,:,,r Z Q J 0 D " i3 g g 0 b . ,<^4.,�' v t 0 z N N M U) Z O I o W � cr. 00 n O N CD N ,,,,, , r O a E, o Z 0 s N , = Q j I Z N v # y rcN b m tij t OL 0 o `ioa am U n _--ii- p p pp p - 14: N 8 N O 2 8 C N G O E LaiL 0 1611Ae w a o a O) N I ._ N LL rcxvescu+s.�xue.M'•s.e r I— •s N W t N 0 Q rO►` , N I f.- . N 0 . CO Cr a. H cn AOCt1 -71. , N W UJ 6 C coas Q Z 7 i'-'"`t ,.7::,::::,':',-1:7::',"-::::),7'1'.',.::':::(> N U pO 4Wr W N z —Z H Q O0 Q N W N 2WJ W o O ,Nascroscassarsosoc.coscraorspaossa 1,1-,- z V rr e:,..:. .•av s ?w Q F- F+ IA 2 CO Y o <r .� r 0 a ± z ,OvOACOOVOW.W.VCOO,O.A.VOWiletiOMMOOiliMOOOOOCONO** .1 O F- N Oa Cn z 0 0 W CO 1 1 d ..t __ 0 CC ' ,. CO 0 41V 1Y; y irtC o ts Q o Z ` 0 I.1.4 ,,➢ 7 1.. f.C : Q -- m - a Z N g u , of ; ° S o R , I 2 a a m m N N O ti ~ O 0 0 0 0 0 o 0 0 g Y N a h 1611 " W r lee lit ■ ® U. I-- 0 N :hs w }hSL¢dffi4'tt,IMMEIMMINVORNM N N N ry 00 Z K 2 I— D I- cn CO co I— V Z a W = Z W 0 m Q co Q W 0 J o voo H LI- r- U V! 4? 1 .r"'CIO co _. w 0 cow Z ry J O �o 01110111. F I U Z0 W La 0 ! r 2 I F-- 7 era 111.24401111,NIMMOMONON. _x -1 cn 0 co = I is . .s...t. i tiM a C V 1 0 8....r r N 06 �r � r co v *( 1{I, 11 4��U Al ty A fi O o ,, 77 ., •o ... .. 1 0 Ct ' r o ,>,. = -5 1 m o Z 'i W x g y N m = seIT lillR'°"5F l iff 111'0 N z N .2 * -8 0 R 8i 8 0 § 8 § S o o V X 'OO \ 1 b = I ..., `= c n U 1611A2 @LTh APPENDIX B Photographs of Sampling Locations Heritage Bay CDD 2017 Fourth Quarter Water Quality Monitoring Report Collier County, Florida 16 % 1 A 4 { . , * LAKE 1 € 4 h q. '. y s. ''''?"'6-,.,,-..." ca.'"ir imW-V'�..-.:':::: 't4,b ' rxr � tr ! , ��' ,..:.1":...7.;,„`",.. rm x f �` s,41,„ .:.,.,, 'ms JULY 2016 JANUARY 2017 r: 1.F ,.y 4. 11 . ,Vt kyr 'SA ., }" p '�' �.t.,'� -.',';',:,!,1,..,:f-,-.,:,,,-- Y"' 3 '{ ' ^}•• T�'�'moi' ,�y,, x+"„ �6 s iait.d v9 4 Sk Wµ �, ,..an w � .' Arc\+;y� -�' `S"l. yf � 3" ,..4,7/'''.7. ri > erg , -- ... APRIL 2017 JULY 2017 a° rK9 °' �u Via. E P OCTOBER 2017 g Scale:NA PHOTOGRAPHS Date:1215/2017 HERITAGE BAY CDD EXHIBIT j��Pg Photo Date.1/23/2015 SECTIONS 13&24,TOWNSHIP48 SOUTH,RANGE 28 EAST& B-1 Project No.H13605 SECTIONS 18&19,TOWNSHIP 48 SOUTH RANGE 27 EAST Biologist:APM GIS:RCO COLLIER COUNTY,FLORIF A 1611AZ ^ f. LAKE 2 k • 3e sa '' �.'�' x.•54 ,,, , :C r'i . t',. 5 W'act`' z a• .eT • JULY 2016 JANUARY 2017 • ,, -..t1.7„ '''. ;'t-,, '�` L'� f+r�. ' £ .^,,°fi ter-. Rrg SS JULY 2017APRIL 2017 a i r i • -,a„ ,, . -; '. 't OCTOBER2017 g Scale.NA PHOTOGRAPHS Date: : 1216)2017 HERITAGE BAY CDD EXHIBIT �� Photo Date 1/23/2015 SECTIONS 13&24,TOWNSHIP 48 SOUTH,RANGE 2fi EAST& B-2 ��JJ Project No.H13605 SECTIONS 18&19,TOWNSHIP 48 SOUTH RANGE 27 EAST Biologist:APM GIS:RCO COLLIER COUNTY,FLOR OA 1611AL ,, ,, LAKE 3s x JULY 2016 JANUARY 2017 fl �`�'fk. �4 �oSat yK g�y�_ ##N� a •, � as ii. ¢-,"' ✓,. y 3',hyo �•s., k APRIL 2017 JULY 2017 nr e 1 - Sax t F° E Hi�ev ',', r a J '.r... e •.. . �. � .x`-"43• .' k OCTOBER 2017 Scale:NA PHOTOGRAPHS Date:12/6/2017 HERITAGE BAY CDD EXHIBIT Photo Date:1/23/2015 a SECTIONS 13&24,TOWNSHIP 48 SOUTH,RANGE 26 EAST& B-3 Project No.H13605 SECTIONS 18&19,TOWNSHIP 48 SOUTH RANGE 27 EAST Biologist:APM GIS:RCO COLLIER COUNTY,FLORIbA 16 % 1 A z -t LAKE 4 `° ' � a } t r.: pyv .491 q-z�. �' f✓ ., ,y. c 4�� q.� 54st- �' + t N!,�"! try : JULY 2016 JANUARY 2017 a . • 2.4"-''' p� ,. 2 •1 tom' S1,,xy, ,.. Y 'ti '` `�yr�:?",t,z=X?m,.�:*:440.,--,kk #a. 4(1;g y�.�� .,xd APRIL 2017 JULY 2017 { fl�W R 7 £ r _ tom, ,' ;y, £ , F OCTOBER 2017 0 I Scale:NA PHOTOGRAPHS /�� Date:12/6/2017 HERITAGE BAY CDD EXHIBIT r [ (n� Photo Date:1/23/2015 SECTIONS 13&24,TOWNSHIP 48 SOUTH,RANGE 26 EAST& B-4 `.J Project No.H13605 SECTIONS 18&19,TOWNSHIP 48 SOUTH RANGE 27 EAST a Biologist APM GIS:RCO COLLIER COUNTY,FLORIDA 1611A2 LAKE 5 "5 urs x r > rrs r i b } JULY 2016 JANUARY 2017 1 AT �{ APRIL 2017 JULY 2017 x • d, , R, a fie.,._ • OCTOBER 2017 0 @pTh Scale:NA PHOTOGRAPHS Date:1216/2017 HERITAGE BAY CDD EXHIBIT Photo Date,1/23/2015 /2312015 SECTIONS 13&24,TOWNSHIP48 SOUTH,RANGE 26 EAST& B-5 d Project No.H13605 SECTIONS 18&19,TOWNSHIP 48 SOUTH RANGE 27 EAST Biologist:APM GIS:RCO COLLIER COUNTY,FLORIbA 1611A2 LAKE6 4f r . � t` 3^r' :e 44 < �yp� y f JULY 2016 JANUARY 2017 ✓ APRIL 2017 JULY 2017 r r '� k FF `tf - fid` + } tin -Sy fn `,, Pis.• 1 ..-'. 1 OCTOBER 2017 t3 E Scale NA PHOTOGRAPHS Date:12/6/2017 HERITAGE BAY CDD EXHIBIT 3 • Photo Date 1/23/2015 .eit ..gpTh SECTIONS 13&24,TOWNSHIP 48 SOUTH,RANGE 26 EAST& B-6 Project No.H13605 SECTIONS 18&19,TOWNSHIP 48 SOUTH RANGE 27 EAST Bioiogist:APnn GIS RCO COLLIER COUNTY,FLORIDA 1611A2 f.. LAKE 7 a - .. ,,..,, -", ...i,mr.,:....."...ip. „ .„',.; 4 may # ° " f'.i : t9"" s,� » -. `1. 1 ; aa4 , 417,A47- g ) �x "�..,.;,,,sets,�'g. S'R ±b.. iF : 4 4i°' - yj.. }y,.a: rye. za '-. $ ` * r5`„spit u� r.. n ..yam „,,,:l.,.._,,..4 '' • . 't' $. . . x -"3 5 .. a. ,° k R " r f �� ,er;. JULY 2016 JANUARY 2017 . R ” a+� n{ez . .y . Ja+' al ss ^ t } "�� 1 Xn"4" .. -rteRs .ncFi -. :r • , �" *" . ;44'1' ,uc JULY 2017ea.i x �,` 3. 4APRIL 2017 K v E 2A OCTOBER 2017 9. g DateScal2( PHOTOGRAPHS _. Date:12/6/2017 HERITAGE BAY CDD EXHIBIT ( (�, Photo Date:1123!2015 SECTIONS 13&24,TOWNSHIP 4.1.3.SOUTH,RANGE 26 EAST& B-7 �J Project No.H13605 SECTIONS 18&19,TOWNSHIP SOUTH RANGE 27 EAST Biologist:APM GIS:RCO COLLIER COUNTY,FLORIDA I611it2 LAKE 8 v t.. 4�xs a- JULY 2016 JANUARY 2017 r _ • ti APRIL 2017 JULY 2017 • ,ii „ �, .° 04 • .. Ea Y P OCTOBER 2017 Scale NA PHOTOGRAPHS Date:12/7/2017 HERITAGE BAY CDD ( (�,� Photo Date:1/23/2015 SECTIONS 13&24,TOWNSHIP 48 SOUTH,RANGE 26 EAST& B-B v Project No.H13605 SECTIONS 18&19,TOWNSHIP 48 SOUTH RANGE 27 EAST EXHIBIT Biologist'APM GIS:RCO COLLIER COUNTY,FLORIDA 1 6 1 1 A 2 � � LAKE 9 y\ c"45 keE,: ... ,. . . ' �4 '' • ,, ^ ' 4,4..,4,,,,,„ �a3h 4r. '1-- ;'�, �„ ,.-,-`%-------_-7..;, ^mow. w. :.„,(•--4 PfilV : "� f Mph yam`, � 9 I •:,,,,,,-..1-.. v,Y x4t"-',1--'77.4.',.:;..f,;.! ': , ,... .r'' , .,,,::: - , .. �ter , *? 1” ARY 2017t JULY 2018 a;.{ a 1 ,r JANU ,,,,„„:„_., ,. .ti' s::. ' ,..„..„.„.„:„:„..,„,,,.„,.„..,:•..i_. .. ..,. . ._.,,...,. , , 4. ARC E 1t. �.g rc + .,�., iw F� -4i 4. tie :-.,.... ,, ,, ,....„,,,,,„...,,,,,z,,,___,..,;.. -„„,,.,.n- ,..,- -. ".� n • s fir • �, ;a § . APRIL 2017 JULY 2017 ''''',7-',' ,....X,1';'} k s�sk'CC t ."4- i f OCTOBER 2017 Scale:NA PHOTOGRAPHS I Date:12 7/2017 d�� • ECTIONS 13&24 HERITAGE BAY CDD EXHIBIT 3 Photo Date,1/23/2015 STOWNSHIP48 SOUTH,RANGE 26 EAST 8 B-9 Project No.H13605 SECTIONS 18&1�,TOWNSHIP 48 FLORIDA SOUTH RANGE 27 EAST Biologist:APM GIS:RCO COLLIER COUNTY, 16 % 1 A 2 ` LAKE 10 7 '.'4:!'.;'•-'''-4-'.-:'''...;.'.;'. •, yp� -i "�' JULY 2016 JANUARY 2017 w a r APRIL 2017 JULY 2017 ".b ,, :tzl,t-,..:..,,,,' Fe: 114 , t k b �b}f FY`r{ ,;:;;':-.-.='.;: t _ .' i OCTOBER 2017 Sca e:NA PHOTOGRAPHS 'gp Date:12n/2ot7 HERITAGE BAY CDD EXHIBIT Photo Date:1/23/2015 SECTIONS 13&24,TOWNSHIP 48 SOUTH,RANGE 26 EAST& B-10 L Project No.H13605 SECTIONS 18&19TOWNSHIP 48 SOUTH RANGE 27 EAST Biologist:APM GIS:RCO COLLIER COUNTY,FLORIDA 1611A2 rt LAKE 11 �,x � mar- � � v.._. gia, aroma* f rx: -'*,L#" . sy �.x e r a r :tp „�s.. s t. r •t r }k ,z.w" ..'',. .::'• , ',., s.,4%.,=..', ",,=,,,,,- -"?`..,..,.4:"'"-;• .9t cc psi �y.., 1; E.c+ - @fi r P 3` •.. .X.41; 0.0- ;. ' 's,., �. JULY 2016 JANUARY 2017 *..„.;•;'.1k,- n 4> 3 3 + z3t�'R dam" ., r ;=�' '+? -,z `',� mak rt 't ;c z� "` JULY 2017 APRIL 2017 "rs _�p.. u C5 ;., OCTOBER 2017 ti i Scale:NA PHOTOGRAPHS g Date:12(7/2017 m �� Photo Date:1/23/2015 HERITAGE BAY CDD EXHIBIT ��..// Project No.H13605 SECTIONS 13&24,TOWNSHIP 48 SOUTH,RANGE 26 EAST& B-11 SECTIONS 18&19,TOWNSHIP 48 SOUTH RANGE 27 EAST Biologist:APM GIs:RCO COLLIER COUNTY,FLORItjA 1611A2 �� ;�•.' TSM • LAKE 12 • IFN^ •, ' 's t '+ �r -4,m$ ix JULY 2016 JANUARY 2017 • s r v APRIL 2017 JULY 2017 • • z# i § OCTOBER 2017 scateNA PHOTOGRAPHS /'� Date:12/7/2017 HERITAGE BAY CDD EXHIBIT I (r,p Photo Date:1/23/2015 SECTIONS 13&24,TOWNSHIP 48 SOUTH,RANGE 28 EAST& B-12 �J Project No.H13605 Biologisl:APM GIS:RCO SECTIONS 18&19,TOWNSHIPCOLLIER 48COUNTY,SOUTHFLORIOA RANGE 27 EAST 16 % 1AZ �'k1h LAKE 13 --.,:F4,....--,!,,,..r.,- ....:4:"i. a , ` -..;.;, ...,,,-,..,-,,,- ;,...,,,-,.7,--:..:. _:::,:-.....-.,-,-- a . � r4 +S d" ; x, ix- - .Yik JANUARY 2017 JULY 2016 'd ti ..-'�' ,. $r ''7 7 -, L'°' -mem.+. �.*s u s„N .; e, fi_ eft r �kd'` £ 'S r ' '4- • APRIL 2017 JULY 2017 , .. It' 4 ,x+,«. . I s" 2 OCTOBER 2017 I e' Scale:NA PHOTOGRAPHS Date:1 2/712 0 1 7 3 gp/ Photo Date:1/23/2015 HERITAGE BAY CDD EXHIBIT o Project No.H13605 SECTIONS 13&2TOWNSHIP 48 SOUTH,RANGE 26 EAST& B-13 Biologist.APM GIS:RCO SECTIONS 18&COLLIDER COUNTY,F ORIbAANGE 27 EAST 16 % 1 A Z LAKE 14 '*47rd , 4 es r` t 4 F ,te t ' # S � 4,..:4,....:-...,,-,:•.,.,•:..,-1 a r- �rr+ 3 -,:',,,,X,„ ..,„„.0,4,,,..., �ttnz .1.,r .. c Kms' i.Z He,, Qe4 ' .a'4p`R 4 - 4 4 i JULY 2018 JANUARY 2017 r .„...k.,,--,..,.. 44,:,,..7,f,.--n,;,...--'4,4w,,,,,,',',, - ,---„,„'-.F., Y d APRIL 2017 JULY 2017 E .. , .. a OCTOBER 2017 1 5 Scale:NA PHOTOGRAPHS § ' Date:12/7/2017 HERITAGE BAY CDD EXHIBIT ti gPhoto Date:1/23/2015 SECTIONS 13&24,TOWNSHIP 48 SOUTH,RANGE 28 EAST& B-14 Project No.H13605 SECTIONS 18&19,TOWNSHIP 48 SOUTH RANGE 27 EAST Biologist:APM GIS:RCO COLLIER COUNTY,FLORIbA 16 % 1AL of ,' LAKE 15 4 ---47f. '''Ci- ,''' .\1,,,_,J.-,',,,,,t,-f.„ , ••,, Ai "^..i. ,,eez,t3 .� r :C. • b 'i''., s yr__: !„,..,,,"...,, ,, ,,-,*,f;',..',/..--'-',om- ;.. ,,. ' -0-.,-,.--p� 'ro 4 4,..•''':1, M * �.`,' • *'am„ '' JULY 2016 JANUARY 2017 -_..,-.7.--4.--„-:,:-..,,,..,z......„� ..,, �x�7.sQ. � ' � • , "� ,".,fir ,� .. e . � ' `�' w Wim. ,.,y JULY 2017 APRIL 2017 , ,,.,.,, ,kitvi ''',,,t -1 4(4'7' a .,.41'.., d loopy ,8 ' ' — .(S a 9 ,t x F OCTOBER 2017 e �'7 Scafe:NA PHOTOGRAPHS v. Y $ Date:12f7/2017 HERITAGE BAY CDD EXHIBIT /U/LI,JIJ Phota Date:1/23!2015 SECTIONS 13&24,TOWNSHIP 48 SOUTH,RANGE 26 EAST& B.15 Project No.H13605 SECTIONS 18&19,TOWNSHIP 48 SOUTH RANGE 27 EAST Biologist:APM GIS:RCO COLLIER COUNTY,FLORIDA 16 % 1P LAKE 16 . $D'"` t am °. . rn , i. it F lam a JULY 2016 JANUARY 2017 ;.` ter„ r ate. t t 3 a ice. 4} i }�; ry - j w - ,4 1. APRIL 2017 JULY 2017 a. A _ w _ R E 2 il:tPi 8 ti OCTOBER 2017 p S Scale:NA PHOTOGRAPHS Dote 12/7/2017 HERITAGE BAY CDD EXHIBIT Photo Dale:1!23/2015 SECTIONS 13 8 24,TOWNSHIP 48 SOTH,RANGE 28 EAST& B-16 EProject No.H13605 SECTIONS 18 8t 19,TOWNSHIP 48 SOUTH RANGE 27 EAST Biologist:APM Gis:Rc0 COLLIER COUNTY, FLORIbA jA2 LAKE16 %17 tee: "ter �F�'vP„za rM -"4",;" • : `- r u . {r � JULY 2016 JANUARY 2017 . :, ! yi r ,�=.„ , sT • APRIL 2017 JULY 2017 E OCTOBER 2017 Scale:NA PHOTOGRAPHS Date:12f7/2017 HERITAGE BAY CDD EXHIBIT oi;) Photo Date 1/23/2015 SECTIONS 13&24,TOWNSHIP 48 SOUTH, RANGE 26 EAST& B-17 Project No.H13605 SECTIONS 18&19,TOWNSHIP 48 SOUTH RANGE 27 EAST Biologist APM GIS:RCO COLLIER COUNTY,FLORIDA 16 % 1A2 ,,..,,,,.,...;0.--.--. , w"R LAKE 18 �a 4:''.IF',::,:.,:,;:1,.;.,*.';"‘5)'',':;;;',.: .''..Z.'.'';E.',..,,,,,,,,,,,:r..'.•.'',' ' . . • Q7-` a ' � .s a JULY 2016 JANUARY 2017 x a z �1 �1 •7t 1 a<!; Y rf. Y�,.y'04. .r 1 f !,z, #x:14. X41 �yam,}�+ z .s.'..."7 ... -....:••:....,. ;',I i' 1. ,. "' APRIL 2017 JULY 2017 Itisli1 1: a - , 1 ,' xY '. •1 . A-,sem x . .. .....40a " r , s _ t E oi t. :r OCTOBER 2017 S Scale:NA PHOTOGRAPHS Date:12f7/2017 HERITAGE BAY CDD EXHIBIT 3 Photo Date:1/23/2015 3 p Project No.H13605 SECTIONS 13&24,TOWNSHIP 48 SOUTH,RANGE 26 EAST& B•18 SECTIONS 18 8 19,TOWNSHIP 48 SOUTH RANGE 27 EAST Biologist:APM GIS:RCO COLLIER COUNTY,FLORIbA 1611 ' 2 LAKE 19 A '`:„ ti -'i jtea, kr '-A _ s' s. e JULY 2016 JANUARY 2017 3„ ',, V y. ?.` a 1 k, APRIL 2017 JULY 2017 * 4 is d "s ri �M• - $tee" ,, eN,',. - .,2 '- ` �•. e . a E k OCTOBER 2017 B Dat e: PHOTOGRAPHS Date:12/7/2017 HERITAGE BAY CDD EXHIBIT gp Photo Date:1/23/2015 SECTIONS 13&24 TOWNSHIP 48 SOUTH,RANGE 26 EAST& B-19 • Project No.H13605 SECTIONS 18&1o,TOWNSHIP 48 SOUTH RANGE 27 EAST Biologist:APM GIS:RCO COLLIER COUNTY,FLORIbA ! Mika LAKE 20 _ ..sem!-wr+.'e" :ly 4 _. .......--.. w.w. ""`.moat..-r 't'e% h��krt .: V' �..- -.ems®..es {Y '"4"' . .. � C pt v A, JULY 2016 JANUARY 2017 gilt '4:-""'",, 4. '.f �,+ '.,- r ; i:' ' r '" " x"". f ,,,em, .t I , � pva S"'Si."25� ,,N;'4;-4,,': 1 H ry i• ✓ I;,_l� " +r�,�' r �„ja-2 ,4-4'?'..:'?,.,'": t3 err `' > y `dp" �.. JULY 2017 APRIL 2017 r :' Shia wry. v Ea vow i 4►'I te,. a I, t. f ��y.?"6' I. r 71 . F. d }Y' -y`�fj- -yam l -:' rJ• u ..aYy9 a,. �: ib,H-+ . ,.L.,„-...:,...,..k.,„ „.. ti OCTOBER 2017 g 1- Scale NA HERITAGE BAY COD EXHIBIT PHOTOGRAPHS Date:12/7/2017 3 gp Photo Date:1/23/2015 O &24,TOWNSHIP 48 SRA28 EA & B-20 E SECTI Project No.H13605 SECTIONSNS 1813 8 19,TOWNSHIP 48 SOOUTH,UTH.RANGENGE 27 EAST Biologist:APM GIS:RCO COLLIER COUNTY,FLORIDA i 6 1 1 A LAKE 21 _ ' ,:4 y�q -,-- -. -- .'--4-;;-'-`.Y' '.' "§, "�' . y 'yam,-; 4- Y $ 4^.,,...‘/,,,,,,......,,t, , 4 5-y • - '4 • .,kµk 4 4 }CL�3y`f q, S JULY 2016 JANUARY 2017 AI r" , a2 n ,-..,-.;-,,,,,..4..,,,,,.,,,,.z k S t @* .4.',i.,-`;'•!.i..,:�Z� „�y...;k:,7„:4.4T:--� Yg�T JULY 2017 APRIL 2017 � '',X14'-; 1t�'es. °;*4t - ,;&.•-:'..--,&‘',''' , f, fit: lort., , v _ , fi` r fqt° ?iV„ ., OCTOBER 2017 Scale:NA PHOTOGRAPHS Date:12/7/2017 HERITAGE BAY CDD EXHIBIT / Photo Date:1/23/2015 aSECTIONS 13&24 TOWNSHIP 48 SOUTH,RANGE 26 EAST& B-21 Project No.H13605 SECTIONS 18 8 1�,TOWNSHIP 48 SOUTH,RANGE 27 EAST ra Biologist:APM GIS:RCO COLLIER COUNTY,FLORIA a 16 % 1AL xie �..^ �a „4-1,71-,°i- - -� -C LAKE 22 /j we w K, a ,ilr 'c teaa” .`F. •204.,,,,,"-":::'f!',«-�4� ,� -41.a. .x,,,..„i< rii.. ..t �`t"9 .�.+ap S, t JANUARY 2017'c .., .kiii: �..''' ..',''..:1.14.,A JULY 2016 .'r g, f tc p F y "5 L h m �,_k -�'fi ," gay e., <, ,« ..,,t h 5 - a `inj4. e-as APRIL 2017 JULY 2017 "t r ti OCTOBER 2017 e Date NA PHOTOGRAPHS Date:1217/2017 HERITAGE BAY CDD EXHIBIT Photo Date:1/23/2015 3 ;g� SECTIONS 13&24,TOWNSHIP 48 SOUTH,RANGE 26 EAST& B-22 Project N. H13605 SECTIONS 18&19,TOWNSHIP 48 SOUTH,RANGE 27 EAST &ologist:APM GIS:RCO COLLIER COUNTY,FLORIA 161 1 A 4 U LAKE 23 YM . JULY 2016 JANUARY 2017 ' 1, .7' r .t w pt S .` tib it .1 -iR' . 'tom; w_ ' 1 k � „. ., .. - ' '-' . r- '-'f. '''' .... ,::-.,..;=„0.t.07.1,4.:,..„ . ,..„. ••, . , ..., .., • .. .. :-_, • - _. .,..„.. ,4.:,...*:10 . .,_. ... ,..._. : ,_ . „..„..„..„. ..,... .... .,,,.....,,....4„,..._.,.‘„...: - i.„,.,„-4.•-•-.,,.,#.40, 4,..,,,,,.,„..„„....,4„,i....„ ,. _,,,,,,:‘,,„ ,,,,e,-. -:;,,,:,.,4,w4::::„., .,...---.,,,,i.,:,,,,,,-..- ,c_., --„ .0,:_-:-1,,,, , .. ..,,...,•2_,,„„. -,-.,,,.t.,,,- . 4 _ k . . , _, _ .. q ,„,;,..,..„- _-,,,.‘,....,...44.,--.4.„...,,,..,,z-:,.,.., il -;''4..'z,:.".;,',";t-,-,,,k,z(,,,,,,.."74.4.-• ' - ter. APRIL 2017 JULY 2017 r 4 - ,. �tam`,,,t,� � A � � . ZITF f a -ft. O. —4A471441;gi 1.0'0,ei.;t474..,`'4`a-",:-•-1T-!,,;::",,--"" . -, E ire x+'.,R ''. ' q, " ',Nip 44411P• l. OCTOBER2017 i Scale NA PHOTOGRAPHS / � Date:12/7/2017 HERITAGE BAY CDD EXHIBIT '£r / ( �� Photo Date;1/23/2015 • Project No.H13605 SECTIONS 1318&&24,TOWNSHIP 48 SOUTH,H RANGE 2276 EAST& B-23 / SECTIONS 19,TOWNSHIP 48 SOUTRANGE EAST 1 Biologist'APM GIS:RCO COLLIER COUNTY FLOR OA 16 % 1Ai f . . LAKE 24 14, S 3 ,'FY ��kv^ 3 S J 'T {T' b Ni,, 'Y 44`tt r` ',i 7 ' JULY 2016 JANUARY 2017 f^ .sw ;..,,„..,,s ft i,3,,,„ s,�a u-'41'. i.,..,1,4',.,".. w,, s '' = APRIL 2017 JULY 2017 I, q t. i `.. ay .""rt E'w ic .. .t ,r f OCTOBER 2017 soale:NA PHOTOGRAPHS 8 Date:12/7/2017 Photo De:1/23/2015 HERITAGE BAY CDD EXHIBIT SECTIONS 13&24,TOWNSHIP48 SOUTH,RANGE 26 EAST& R-24 Projectat No. SECTIONS 18&19,TOWNSHIP 48 SOUTH RANGE 27 EAST [3iologist:APMH13605 GIS:RCO COLLIER COUNTY,FLORI[�A 16 % 1 A Z - P4,,..:- -,.7.,--!,-.-4-,A,..)„.-- „ 7 , x4 • LAKE 25 , ttff€ - e „,,,,,,\,...,..0,,,;,r„,„,., ;$ _ 4,t � Yt YT �• ��§^ vi "tS : Y a,d� Y. �, i »'l, a^ N1�'I'"F 3 i # w t,t - R .kii'' JULY 2016 JANUARY 2017 w..,:—,-,.. ae,r� r � a R ^t t5 .,y 1 �^'Nf',- h ,F t .&'''-',,,,,,-14: Y 'µit 6 : 5 '�� 3 .�. .. ::,,-,4,`'''-'7.',1-,5; E -.341N,-- - t : ,7i 7 4 its ,... ate+. ,..'+'�"3 ,. +.K P v '` ,,, APRIL 2017 JULY 2017 �� 4xi; 1 »'+1 .tF zr79 ,Y ''5.y., ST' k • I. E 2 g OCTOBER2017 1 Scale:NA PHOTOGRAPHS I Date:12/7/2017 HERITAGE BAY CDD EXHIBIT Photo Date:1/23/2015 gpThProject at H13605 SECTIONS 13&24 TOWNSHIP48 SOUTH,RANGE 26 EAST& B-25 SECTIONS 18&1 ,TOWNSHIP 48 SOUTH RANGE 27 EAST s 8ologist:APM GIS RCO COLLIER COUNTY,FLORIOA 1611AL h '� LAKE 26. Z-- i.. .t4 y'v t 4 y :. ¥ ."-'---'11e,', {,;, 'vhf F,R'-soi-4.--::',-','''''.:7-4.-fi,-, s,-,. t '-'_-,-.e, ' ,,f;:_, , ..ik.,,,,-4,,,,-,-;u:;,-"acit..: ...* '' . :\,l'h qi.,,,-.1,1/.4,',.$k :;;;;,1, ,!,.1 ;;> to €`.; y: e.' s` .�C.sg�': r 4 ,-.14',„, -„•:.4s.t .,,,:.: ..,„—',_,„.---4....f.:, '-7-i: _'''' ',A..f.P,-: : :::-.-',-;4";-:.:',!::: ,I,;,Nr.' '.,i.4.?,4-ArAii,z,,,,-i ",,;,-74'.i,1,71-::*,..:w JULY 2016 JANUARY 2017 ', € .„ y ...... , PY A¥ a " o% •_• lY..� i a ;.'�,s ' _, , .• . Ste. ',,,,,f.'..: �}.. ., a APRIL 2017 JULY 2017 r 5` 14T ti d�*x• " f 4 1. ¶ " t� y1 Fu fixh4X A o- :! F OCTOBER2017 e Scale:NA PHOTOGRAPHS Date:12/7/2017 HERITAGE BAY CDD EXHIBIT ( (v=� Photo Date 1/23/2015 Project No.H13605 SECTIONS 13&24,TOWNSHIP 48 SOUTH,RANGE 26 EAST& B-26 SECTIONS 18&19,TOWNSHIP 48 SOUTH RANGE 27 EAST BiologistAPM GIS:RCO COLLIER COUNTY,FLORIDA 16 % 1 A 2 LAKE 27gekNras ,.:'N,-... -i-f , . :. 'T r s a�w. JANUARY 2017 JULY 2016 yA .,.,- sitar :; .- a Y' ,,.^ . tG'F f sem! ^x` 9 ' JULY 2017 APRIL 2017 vrip r' �� w A E gh OCTOBER 2017 I Scale:NA PHOTOGRAPHS gP Date: Date: 17 1/2 JUnuJ Photo Date:1/23/2015 HERITAGE BAY CDD EXHIBIT Project No.H13605 SECTIONS 13&24,TOWNSHIP 48 SOUTH,RANGE 26 EAST& B-27 SECTIONS 18&19,TOWNSHIP 48 SOUTH RANGE 27 EAST Biologist. GIS:RCO COLLIER COUNTY,FLORII5A a 16 % I LAKE 28 ;e NO PHOTO V F',..''''',.'''''''; �sK JULY 2016 JANUARY 2017 r 4 a• ,=4.,:z.,-,q‘t, . = . ',.....„,„-,,,,,-..==,;.4.„.,,,..,,,.. , , -;,,„=-1-:,:;0,;-,,, ..,,,,,,,,,,,,;,: -=,. '*,.4 s> , z ry „i„,-„,;,-,7...,,,""!_. ,-,,,47,-4v:,-,-',':',".,,-,-";,, ..,14,„-, ,, APRIL 2017 JULY 2017 — :._..,off:, ' '111*).,, 4IV • vim ' =�' fob: n 'S1 , u'..,.. .i:- >`;,., F OCTOBER 2017 1 g , Scale:NA PHOTOGRAPHS Date:12!712017 HERITAGE BAY CDD EXHIBIT / Photo Dale:1/23/2015 �p Project No.H13605 SECTISECTOIONSNS 1318&&28406 TOWNSHIOP 48 SOUTH,RANGE 26 EAST& B-28 1�,TWNSHIP 48 SOUTH RANGE 27 EAST i Biologist:APM GIS:RCO COLLIER COUNTY,FLORIDA 16I1A2 r k� r LAKE 29 a PPk w004 • r f JULY 2016 JANUARY 2017 • rs • as • •' Its ,.:-� r �� "'�" �'.tM �5 4 a � .. - APRIL 2017 JULY 2017 •e1, 4yF. i . #111,,e- OCTOBER 2017 Scale:NA PHOTOGRAPHS Date:12/7/2017 HERITAGE BAY CDD EXHIBIT 3 ' (^�[flij Photo Date:1/23/2015 SECTIONS 13&24,TOWNSHIP 48 SOUTH,RANGE 26 EAST& B-29 �J Project No.H13605 SECTIONS 18&19,TOWNSHIP 48 SOUTH RANGE 27 EAST Biologist:APM GIS:RCO COLLIER COUNTY,FLORIDA 1611AZ April 2018 Heritage Bay Community Development District -Lake Bank Repair and Maintenance Procedures and Standards- The following is intended to serve as a guideline for the CDD when making decisions for lake bank repairs and/or maintenance on a ongoing basis. • The repair procedures highlighted in this document represent what we believe, at this time and based on experience since 2013, to be our "best practices". • The lake bank maintenance procedure, i.e. protecting the lake banks, is also based on our experiences and efforts since 2013 Once this document is finalized it will serve the purpose of: • providing a clear understanding of the roles and responsibilities of the CDD and how we interface with the Club and their responsibilities (the golf course, the common grounds, etc) • providing a effective means of communicating with homeowners as to what they can expect as far as maintenance of the lakes and lake banks and who has the responsibilities of planting and maintaining the lake banks with plantings • enforcement of the operational agreement as stated in the "Amended and Restated Mutual Memorandum of Understanding Between The Heritage Bay CDD and Heritage Bay Golf and Country Club" dated September 7, 2015 • coordination with the CDD document "Stormwater Management Rules and Policies for Heritage Bay Community Development District". Overriding goal: Defined planned work (repairs and maintenance) of the lakes and lake banks must address the issues at hand while ensuring that all work and dollars spent are "functional and sustainable". Page 1 1611AZ Heritage Bay Community Development District -Lake Bank Repair and Maintenance Procedures and Standards- Lake bank repair and maintenance responsibilities: • The CDD has responsibilities for all lake banks up to the existing property lines as defined either by the homeowner deeded property line or the Club (common grounds and golf course) property lines • The CDD will maintain the required 4:1 lake bank slopes as defined in our operational permits • Repairs will be recommended by our Management Company and approved by the Board of Supervisors based on 1.) monthly reviews of our entire surface water management system, 2.) a prioritization system of identifying the most significant issues to ensure operating within our existing annual O&M budgets and 3.) by assessing any risks of delaying lake bank repairs • Recommended repairs will be conducted by licensed vendors with input from the CDD as to what we believe to be the most prudent repair procedure(s) based on our "best practices" experiences • As stated in the Memorandum of Understanding between the CDD and the Club, "the Heritage Bay Community Association will continue to perform daily routine lake bank maintenance, as required, on the golf course side due to issues created by operational issues and maintenance practices". Page 2 16 % 1 A 2 Heritage Bay Community Development District -Lake Bank Repair and Maintenance Procedures and Standards- Lake Bank "Best Practices" Repair Procedures: The CDD has identified the following best practices and most effective repairs of our lake banks and will recommend continued usage as follows: • Vertical erosion from homes and buildings ->reference "Stormwater Management Rules and Policies for Heritage Bay Community Development District" -if the source of the washout(s) is due to downspouts from the home or buildings, connect to the downspouts, bury the new pipe and extend 15' into the lake (below the control elevation of the lake bank). Rebuild the lake bank in area of washout to 4:1 slope and utilize either cocoa matting or riprap to secure the new bank. Plant new littorals as defined in the project requirements. -if the source of the washout is not due to downspouts but due to drainage issues from the homes, buildings or some other source, consider the use of yard drains/dry wells at the appropriate location and connect piping and run 15' into the lake as stated above. Rebuild the lake bank in area of washout to 4:1 slope and utilize either cocoa matting or riprap to secure the new bank. Plant new littorals as defined in the project requirements. • Step erosion -rebuild lake bank by either pulling up washed materials from the lake bottom or bring in materials to achieve the 4:1 slope and utilize cocoa matting or riprap to secure the new lake bank -install new littoral plantings in the area of the new lake bank as defined in the project requirements Page 3 1 6 1 1 A 2 Heritage Bay Community Development District -Lake Bank Repair and Maintenance Procedures and Standards- Lake Bank "Best Practices" Repair Procedures: (continued) • Washouts caused by cart paths -consider installation of 12" to 16" drains installed in the cart path and attach piping and run 15' into the lake (below the control elevation) -potential deviation from installing drains is the use of concrete flumes to direct all waters from the cart path directly into the lake -rebuild lake bank, as appropriate, and secure with either cocoa matting or rip rap and plant littorals as directed in the project • Washouts caused by the golf course due to over irrigation or steep banks (ex. near the tees or greens) -work the the golf staff in recommending the most prudent repair. Repairs can consist of planting golf course grass down to the lake control elevation and/or planting grasses ->consider participation with the Club in purchasing fakahatchee grass which has a benefit to both parties by preventing further bank erosion NOTE: all lake bank repairs scopes of work should include the planting/replanting of littorals as part of the project, if appropriate Page 4 1611k Heritage Bay Community Development District -Lake Bank Repair and Maintenance Procedures and Standards- Lake Bank Maintenance and Recommended Plantings • The CDD is responsible for the ongoing lake bank maintenance to consist of the spraying out of weeds and invasive plants, including the maintenance of the entire lake surface area and keeping it clear of weeds, grasses, algae, etc. • The CDD does NOT plant grasses (cord grass, muhly grass, fakahatchee grass) on any lake banks and all recommended plantings, considered by the Club (golf course or common grounds) should be planted ABOVE the control elevation as plants below this elevation are subject to dying due to extended submersion during the wet season • Grass plantings below the control elevation which require trimming/cutting back multiple times per year contribute to our lake issues of algae and hard to control weeds • The CDD DOES have responsibility to plant and maintain aquatic plantings (littorals) in all lakes. These are designed to be planted in and around the water and may grow up on to the lake banks but no plants are purposely planted on the lake bank by the CDD • Ideal littoral plantings consist of spike rush, arrowhead and pickerel weed; canna should only be planted in areas where a good source of water is available • The Club (golf course or common grounds) may elect to remove existing grass plants (with consultation with the CDD to ensure the lake bank is stabilized) and plant golf course grass or the typical St. Augustine grass down to the control elevation. • Clean lake banks (banks without excessive grass plant growth) permit easier maintenance as well as allowing for more easily monthly inspections Page 5 t611p ' Heritage Bay Community Development District -Lake Bank Repair and Maintenance Procedures and Standards- Lakes Water Quality Monitoring Procedures ** • As part of the CDD's efforts to manage and maintain the Surface Water Management System (SWMS), the CDD has established that it will conduct: -ongoing monitoring of the water quality in the community's lakes, including field measurement of temperature, salinity, conductivity, dissolved oxygen, and pH. - it will also consider collection of samples for laboratory analysis of Kjeldahl nitrogen, nitrate/nitrite as N, total nitrogen, phosphorus and chlorophyll a to assist in evaluating the current health of the lakes. • Changes in these parameters over time can also be used to assess water quality improvement needs and to evaluate the effectiveness of any water quality improvement efforts undertaken by the CDD. • The frequency of ongoing testing will be determined by consultation with our engineering firm and the results of specific testing parameters Lakes Bathymetric Testing • "Bathymetry" refers to understanding the lake depth relative to sea level or the depths and shapes of underwater terrain • Bathymetric testing is being utilized to understand the makeup of our lake bottoms, to compare current results to the original lake "as-builts" and to determine if our lakes are filling in due to sedimentary buildup and if corrective action is required. ->Both lake analyses programs will be utilized to determine the health of our lakes and aid in the consideration, if required, of the need to consider lake aeration, lake bottom cleanouts or more stringent control of the use of chemicals by the CDD and/or the Club **Language of"Lakes Water Quality Monitoring Procedures" taken from CPH Engineering reports Page 6 1611A2 } Lake &Wetland. ( r MANAGEMENT INSPECTION REPORT March 23, 2018 Mr. Justin Faircioth Heritage Bay Community Development District c/o Inframark Management Services Justin.faircloth@inframark.com 5911 Country Lakes Drive (239) 245-7118 Office Fort Myers, Florida 33905 (239) 245-7120 Fax Description Most recent service completed Thursday March 15, 2018 - Lake treatment. Inspection completed 3/19/18. The lakes are in pretty good shape this month. Minimal to no algae observed during inspection. Minimal weeds observed along shorelines. A. Algae D Lakes treated for Algae using Copper: 15 • Lake 20 being monitored for minimal planktonic growth B. Weeds • Alligator Weed : No issues observed > Cattails : No issues observed > Hydrilla : No issues observed > Bladderwort : No issues observed > Torpedo grass : No issues - all lakes treated this month for torpedo grass • Pondweed : Lakes 10,12,19,20,30A &canal at 30A all contain pondweed growth. Lake 30A and canal at 330A treated this month with Aquathol. Others to be treated on next visit. • Chara : Lakes 4,6 &8 contain low density chara growth. Will treat on next visits. Please let us know if you have any questions or concerns. Thank you, We< 4:/// Gonzalo Ayres Lake and Wetland Management Orlando-Tampa, Inc. Gonzalo.Ayres@Lakeandwetland.com (239) 580-8711 cell Lake and Wetland Management, Inc.Orlando-Tampa (239)313-6947 Office • (239)313-6950 Fax • westcoast@lakeandwetland.com • www.lakeandwetland.com 1611A2 Heritage Bay Community Development District Financial Report February 28, 2018 Prepared by INFRAMARK V!RASTRti r1 VR1✓ANAY£4!6�i 41 R'!!f TS HERITAGE BAY 1611A1 Community Development District Table of Contents FINANCIAL STATEMENTS Balance Sheet-All Funds Page 1 Statement of Revenues, Expenditures and Changes in Fund Balance General Fund Pages 2-3 Debt Service Fund Page 4 SUPPORTING SCHEDULES Trend Report Pages 5-6 Non-Ad Valorem Special Assessments Page 7 Cash and Investment Report Page 8 Bank Reconciliation Page 9 Check Register&Invoice Copies Pages 10-26 1611Ac Heritage Bay Community Development District Financial Statements (Unaudited) February 28, 2018 161 1 A 2 HERITAGE BAY Community Development District Governmental Funds Balance Sheet February 28, 2018 SERIES 2014 DEBT GENERAL SERVICE ACCOUNT DESCRIPTION FUND FUND TOTAL ASSETS Cash-Checking Account $ 121,100 $ - $ 121,100 Due From Other Funds - 51,635 51,635 Investments: Money Market Account 449,401 - 449,401 Deferred Cost - 22,010 22,010 Reserve Fund - 578,393 578,393 Revenue Fund - 1,332,727 1,332,727 Prepaid Items 2,079 - 2,079 TOTAL ASSETS $ 564,322 $ 1,993,023 $ 2,557,345 JJABILITIES Accounts Payable $ 29,520 $ - $ 29,520 Due To Other Funds 51,635 - 51,635 ITOTAL LIABILITIES 81,155 - 81,155 FUND BALANCES Nonspendable: Prepaid Items 2,079 - 2,079 Restricted for: Debt Service - 1,993,023 1,993,023 Assigned to: Operating Reserves 73,625 - 73,625 Reserves-Erosion Control 14,687 - 14,687 Reserves-Lakes 62,500 - 62,500 Reserves-Loan 4,750 - 4,750 Unassigned: 325,526 - 325,526 TOTAL FUND BALANCES $ 483,167 $ 1,993,023 $ 2,476,190 TOTAL LIABILITIES&FUND BALANCES $ 564,322 $ 1,993,023 $ 2,557,345 Page 1 1611A2 HERITAGE BAY Community Development District General Fund Statement of Revenues, Expenditures and Changes in Fund Balances For the Period Ending February 28,2018 ANNUAL ADOPTED YEAR TO DATE YEAR TO DATE VARIANCE($) ACCOUNT DESCRIPTION BUDGET BUDGET ACTUAL FAV(UNFAV) REVENUES Interest-Investments $ 400 $ 167 $ 846 $ 679 Special Assmnts-Tax Collector 355,190 340,203 340,566 363 Specials Assmnts-Lakes 30A&30B 60,923 58,352 58,414 62 Special Assmnts-Reserves 31,250 29,931 29,963 32 Special Assmnts-Discounts (17,895) (17,139) (16,584) 555 TOTAL REVENUES 429,868 411,514 413,205 1,691 EXPENDITURES Administration P/R-Board of Supervisors 12,000 5,000 7,000 (2,000) FICA Taxes 918 383 536 (153) ProfServ-Engineering 14,000 5,833 56,862 (51,029) ProfServ-Legal Services 7,500 3,125 9,734 (6,609) ProfServ-Mgmt Consulting Sery 41,793 17,414 17,414 - ProfServ-Property Appraiser 6,710 6,710 5,156 1,554 ProfServ-Special Assessment 5,464 5,464 5,464 - ProfServ-Web Site Maintenance 773 322 322 - Auditing Services 3,823 - - - Postage and Freight 2,500 1,042 333 709 Insurance-General Liability 13,244 13,244 15,389 (2,145) Printing and Binding 1,300 542 2,084 (1,542) Legal Advertising 3,700 1,542 4,354 (2,812) Misc-Bank Charges 100 - 1 (1) Misc-Assessmnt Collection Cost 8,947 8,569 8,247 322 Misc-Web Hosting 900 375 - 375 Office Supplies 100 - - - Annual District Filing Fee 175 175 175 - Total Administration 123,947 69,740 133,071 (63,331) Page 2 16 % 1AZ HERITAGE BAY Community Development District General Fund Statement of Revenues,Expenditures and Changes in Fund Balances For the Period Ending February 28,2018 ANNUAL ADOPTED YEAR TO DATE YEAR TO DATE VARIANCE($) ACCOUNT DESCRIPTION BUDGET BUDGET ACTUAL FAV(UNFAV) Field ProfServ-Field Management 11,536 4,807 4,807 - R&M-Contingency 1,187 - - - Total Field 12,723 4,807 4,807 - Lakes and Ponds Contracts-Lake and Wetland 71,200 29,667 30,000 (333) Contracts-Water Analysis 9,861 4,109 - 4,109 Contracts-Water Quality 45,992 19,163 11,498 7,665 Contracts-Lakes 30A&308 12,000 5,000 5,000 - R&M-Aquascaping 5,000 2,083 - 2,083 R&M-Stormwater System 4,000 1,667 - 1,667 R&M-Lake Erosion 24,455 10,190 22,725 (12,535) R&M-Contingency 10,062 4,193 - 4,193 Impr-Lake Bank Restoration 1,813,041 755,434 - 755,434 Reserve-Lakes 31,250 31,250 - 31,250 Reserve-Stormwater System 18,455 18,455 - 18,455 Total Lakes and Ponds 2,045,316 881,211 69,223 811,988 Debt Service Operating Loan Repayment 30,660 10,943 10,931 12 Interest Expense-Note 30,263 1,105 1,316 (211) Total Debt Service 60,923 12,048 12,247 (199) TOTAL EXPENDITURES 2,242,909 967,806 219,348 748,458 Excess(deficiency)of revenues Over(under)expenditures (1,813,041) (556,292) 193,857 750,149 OTHER FINANCING SOURCES(USES) Loan/Note Proceeds 1,813,041 - - - TOTAL FINANCING SOURCES(USES) 1,813,041 - - - Net change in fund balance $ - $ (556,292) $ 193,857 $ 750,149 FUND BALANCE,BEGINNING(OCT 1,2017) 289,310 289,310 289,310 FUND BALANCE,ENDING $ 289,310 $ (266,982) $ 483,167 Page 3 1611A4 HERITAGE BAY Community Development District Series 2014 Debt Service Fund Statement of Revenues,Expenditures and Changes in Fund Balances For the Period Ending February 28,2018 ANNUAL • ADOPTED YEAR TO DATE YEAR TO DATE VARIANCE($) ACCOUNT DESCRIPTION BUDGET BUDGET ACTUAL FAV(UNFAV) REVENUES Interest-Investments $ - $ - $ 2,799 $ 2,799 Special Assmnts-Tax Collector 1,308,564 1,253,345 1,254,684 1,339 Special Assmnts-Discounts (52,343) (50,134) (48,510) 1,624 TOTAL REVENUES 1,256,221 1,203,211 1,208,973 5,762 EXPENDITURES Administration ProfServ-Arbitrage Rebate 600 600 600 - ProfServ-Property Appraiser 19,628 19,628 19,629 (1) ProfServ-Trustee Fees 5,157 - 2,079 (2,079) Misc-Assessmnt Collection Cost 26,171 25,067 24,123 944 Total Administration 51,556 45,295 46,431 (1,136) Debt Service Principal Debt Retirement 585,000 - - - Interest Expense 612,180 306,090 306,090 - Total Debt Service 1,197,180 306,090 306,090 - TOTAL EXPENDITURES 1,248,736 351,385 352,521 (1,136) Excess(deficiency)of revenues Over(under)expenditures 7,485 851,826 856,452 4,626 OTHER FINANCING SOURCES(USES? Contribution to(Use of)Fund Balance 7,485 - - - TOTAL FINANCING SOURCES(USES) 7,455 - - - Net change in fund balance $ 7,485 $ 651,826 $ 856,452 $ 4,626 FUND BALANCE,BEGINNING(OCT 1,2017) 1,136,571 1,136,571 1,136,571 FUND BALANCE,ENDING $ 1,144,056 $ 1,988,397 $ 1,993,023 Page 4 16t 1AL Heritage Bay Community Development District Supporting Schedules February 28, 2018 16 % 1 A e a �i y * •-..; ..2 „ i % 8888 „ sSfso - a. sLIg88F . C7 g n ast � u � es s 8asg "2 R FLI Z I w CO M O ro E m . ro . 7.91 . G g e , r.N m d N _ "; ^ "- i0 a o CO '0 C 00 m' CD N C N ' i al t c _O m is w m W ^ S A 8 8 $ ry : m X O e W i5 m a c � . 4 ,� vs E o a m M ,iry co N t 3 _ ry of .6 .. _ - '^ vi Uh C N_ 5 2 a co E $ AE a d v b N IAEs � Ego3 72a E2arvorvsrvozL 8 8 CC 1 6 1 1 A 2 a. Iii a n ii 2 s o < 8 S n 2 CDoa - aa $ S 8 � mgg ^ — 2 - w v R F3GfA3Fim E S M 4 "^' .0 g C ' 1 $ F a "'; § 8 . . , m - � � 8a � �N m 2aR a a a I zs N w al c g � E � 222, 2 „ k �, m <' m _ LI — V c CO m — MO R N m » t U civ a § ii E22g < ^' Eg ' 8 p � g sR m m a, - N m 011- a S mm $ ' ' ?� a � g - a c aL. �, r 53 Fd 0 c x , d m _ g - M W `a) uia a) m _ g 8 e � a c r 0 0 n d LL a3 S w ,q ff O en r 2n - . 0 - g 8 ' S r ., E 2 E g . - ^ g e8 da w N_ C Nf I ao a, a n c v - E o a o N j m m . ! $ . c B j!1 M II ! W cu O A ii : liu t d WE. g �' �- LI c 6E 5 E 2 0 a' E n rn � s o 2 2 2 W g � � 8fr 1 6 1 1 A 2 13a u. N. i a Q o :n V N. 0 CO CO 0 Ns- r--- O co 0 0 ao CO (0 CO o (O N- Li-) m co (O co co0 ) co .15 V N N O) (0 (0 N. (O M C O O V co M 0 4') Q W U_ , N 0 N N CO EA EA CO CO CO EA CO EA CO O o Cr) 0 (n Cr) (0 co M o ti ❑ d r0. N N 0) 0) N- CO d' CO 0) CD (O CO Z 2 ' N N EP C) N- r CO CO O c3) N ❑ Q) E M V - (O r N r >- N N N m IX Q Z EA CO EA EA EA EA EA 69 69 Q C0 e O) V 0) O N N� (n o cO N O Ca 0 CO 0 r Or) N V co0ti V; 00) in p U EV m O O 0) M N O NI U Q 0 N rn N J J Q O Q (+) 0 V! to ER 0 E CO CO 69IR N O o N N. V O O) N OP, (n I- ON (C N- tN. O 0 (NA in CD n.) CO.N A N 2 9 (n CO0 V r O O U V' O T Y C 0 0 N. N V 7 C 7 M c) • O d y - (0 EA 69 EA 69 EA EA EA ER- .- 4 ._ 7 E — a ro o U G. N N Fs;O 2O N- 0C) N C) (O O 5 .2'.. 0 N O O CO CO O)O O N- CO (D 0) (O N 0N C N 2 { co W coMco V co N W r C O C O O •En N CO CO O N N m W 0= EU O n V d (n CO EA EA CO 0 CO CO 69 {p L R Cm W COO N N. n 00) d' N.y O y C) co (n M CO V V (") '• � U to to (O r C) d O E F. ° v O 0 0 EA EA EA (A CO FA EA ER O LL jCO r CO 0) O CO 0 En ,O CO CO N (f CO N 0LO 0) N O Q r M ,- r r to 7 ++ 7 0 u C O Z NdQ CI EA EA EA EA EA EA EA 69 r (D 0) (q N-ti (O O N to 0) (C O NO C .0 (O O N- r O N 0 o d � .tN CO O COCO (J N W M Tr N-- N CO Z U 'O ❑ Uy a 5 Z Z 0) Q N F, Q N Eh CA En (n CO U) (n ER w F c '6 U ni- t d °) C N- N- N- CO W J (CO (n o (C Lb' O LO O ti < J J ( CO t6 d rn (U N_ .-_ M_ N c)) N ~ O Q >- o ❑ ) N 0 OO r e- 'N- N O O O 0 Q N Q Cj Q Q o ~ N CO a) M W 0 N UE '�' m Q c 0 It 0. wa ce I 0 ! 611 A 2 HERITAGE BAY Community Development District Cash and Investment Balances February 28,2018 ACCOUNT NAME BANK NAME MATURITY YIELD BALANCE GENERAL FUND Operating Checking Valley National Bank N/A 0.00% $ 121,100 Money Market Account BankUnited N/A 1.00% 449,401 Subtotal 449,401 Subtotal General Fund 570,501 DEBT SERVICE FUND Series 2014 Deferred Cost Fund US Bank N/A 0.00% 22,010 Series 2014 Reserve Fund US Bank N/A 0.00% 578,393 Series 2014 Revenue Fund US Bank N/A 0.00% 1,332,727 Subtotal Debt Service 1,933,130 (1) Total $ 2,503,630 Note(1) Invested in First American Obligation Fund Report Date:3/22/2018 Page 8 l611AZ Heritage Bay CDD Bank Reconciliation Bank Account No. 9727 Valley National Bank-GF Statement No. 02-18 Statement Date 2/2812018 G/L Balance(LCY) 121,099.76 Statement Balance 1,276,925.14 G/L Balance 121,099.76 Outstanding Deposits 0.00 Positive Adjustments 0.00 Subtotal 1,276,925.14 Subtotal 121,099.76 Outstanding Checks 1,155,825.38 Negative Adjustments 0.00 Differences 0.00 Ending G/L Balance 121,099.76 Ending Balance 121,099.76 Difference 0.00 Posting Document Document Cleared Date Type No. Description Amount Amount Difference Outstanding Checks 2/8/2018 Payment 3287 COLLIER COUNTY TAX COLLECTOR 161.28 0.00 161.28 2/8/2018 Payment 3288 CPH,INC 37,305.5D 0.00 37,305.50 2/8/2018 Payment 3289 FEDEX 11.55 0.00 11.55 2/26/2018 Payment 3297 FEDEX 21.43 0.00 21.43 2/26/2018 Payment 3298 HERITAGE BAY CIO US BANK 900,000.00 0.00 900,000.00 2/26/2018 Payment 3299 HERITAGE BAY C/O US BANK 211,325.62 0.00 211,325.62 2/26/2018 Payment 3300 LAKE&WETLAND MANAGEMENT,INC 7,000.00 0.00 7,000.00 Total Outstanding Checks 1,155,825.38 1,155,825.38 Page 9 1 6 1 1 A 2 N O O M o O o O m � V 7 O O N. N N O Nr M h h N o 0 C OOi` Jwt0N 063. OO x4444 h wOOOOW OmcN wNOO Nmwww w Ou) N ON N MO) .O UOMOVt9h O )Ct9N>OO tNMNNr OM H • O �� Nf �� o CO o' '' 0Ed �� _ V HwNC sA NV. � 6a N w w OO — a ne m Z c 0 3 t--- ,- 0 0 0 0 h h O OoNm0 000 V CMCMMMNMM NMMMMMMMca _ A Q )luN0/) 0/ 0/) KNN � 0) U0/ N0/ L J 05 - .- VOOV r 00 r 0 Uo .- (0 ON0 OOO000OOOOO C 80 0 3. . . — ,.... ,... ., r... .,... ,- ;." T; Mw pA uu) uuul Wcr»OM LOWLn 3w 3W 0 r c 8 0CLI -0 c o 0) c o d a M N O) 4g N m W 0) C 0 Z L C C G L L O C C J 2, 0 0 U) C C Ory O an d _2, G M LL L) V N N N 0 0 U) E) U C Et") 2 0 co u. E E ' E Eu_ 0 t 'o 'm LL o LL Y Y ;i8 0-. ,.. 5, ,.. ., cc u m a n es o. a m 0 . - c la g m 3 m N w 05 u, m Z ;2 u E 2 Z a) d 2 v ti E E c cn cu rn Q o ar c m m o) m E2 t. 2 D o m o 0 L 000 Oo pr ( aaaa (tdaaLaa a U 0 0 0 1,.1 411 0 h. • N0 N h 12 N C > N zZ 0 O>, M> C an N i+ Vod h6i ..f , o o W > ° NNjWWWWW a a a a a_L Q lco a U = Z 4 > r > M � hWWWWW o 0 o Q Q Y Y zz ME >nV O - Q WD 1- O QOJMw U. UZZ H mHFH - N a m C. o ° KcerWWWW aaaa mOW .E.1 -se NE- W rro0 00 0o CO w co wL F w l- O w N N ONJ . d00 . 88 00 o , w aQ N a = 0000 (9 Fd T aU OW H 0000 - < o Ozzzzzw 4o CZ 2 m Cl) 00 21112 a m aWar44a440Q ZZ >3 U. ? R h0Y ,, , t0wwrowm0C . 2 W N dC 0zazD ¢ o � - www � LL u (/) (f) i 0. 0 NWJwOar aLLLL 00 C 0. tn y O )( N L). N E Q (0 Z D 0) F� QNj H M J J J J -.J w S hhiou0ou0aoo o 00000 00 w E O tD t0 h )0 <O Cj M M M M M a CC a a a O N N N N N O) M M M M M m w 5. NOOOooM - - Nh >. )- >- ).- )- N N OV Nr - NNN 4 < aa < .- .- - 0ONNNNN0ur[ aaaaa O U O = z z O U Z Z w LL W J W ZYZ Z 00 Q 01 m m 0 d ZZ N a I-0 o 0 0 W w p go W 000000 zQ Z < z w z 0 3 z0 Q J J J J J J m a V Z 7 } } 0 m Y Y Y Y) H H ❑ Q (7 a = {L m m WW = 4 tx00000 Oa < o( aa 33 m d -; j 0 ww a swzzzzzXa22Xo00lzcoY ¢ ( � ¢� t222 = ❑ a _ WWWZ > as OUw = LLLIJ❑ Z LL QO = _ODUUUIZZZZZ , _,J - O ❑ H 0 mm0oma000wmwwwwmwwa0 0000000000 woo 2 0 00000) 00 (0000) 0000000) 0000 (00) iiiO5M m W O O O O O O O O O O O O O N N N 0 0 0 0 N N p 0000000000000000 0 0 0 0 0 p 00 • Z4:tY Z I h w w w w w 0) O h 0 0 N M (C) C00°) S))W w w w w w w w W W W 0) W W W O O O) CA 0) 0) W 0 O W Zg N N N N N N N N N N N N N N M M NNNNN N NN Lc) M M M M M M M M M M M M M M M M M M M C') M mon VQ W_ W c C z o 0 0 0 0 o a o N N N N 0 0 0 N p N 0 N N 0 0 LL Z W 0 0 0 0 0 0 0 N N N N N N N 0 N O O O O 0 W NN 0 0 1611A2 Creekbridge Construction Inc. 18781 Creekbridge Ct. Creekbri e 239-910-3224 • creekbridge@mail.com CONS Tit UCT tL)N INVOICE BILL TO INVOICE# 1213 Heritage Bay CDD C/O_ DATE 10/01/2017 DUE DATE 10/01/2017 5911 Country Lakes Drive TERMS Due on receipt Fort Myers, Fl 33905 ACf�k1 h T2 au a ;2 h d ` 1a f4t}a 4alY,t�� x a 'r Shoreline Repair 0.50 43,125.00 21,562.50 750 linear feet along holes 23 and 24. Build a berm to retain concrete. Pour and vibrate concrete to fill void under all areas that are undermined. Rebuild slopes to 4:1 or greater. Replant from 1'above control to 4 feet below control with wetland plant to match existing.Erosion matting will be placed from 1'above control to existing cart path. Hole#27 125 linear feet long by 12 feet wide along the tees. This area will need to be stripped.Fill imported to reestablish the 4 to 1 slope and compacted. Erosion mat Installed and then re-soded to the waterline. Bulk head repair along 27 green. Additional area repaired after the water Receded and expose the shoreline. 150 feet @25$per linear foot I split the bill 50% BALANCE DUE $21,562.50 50%CDD 50%golf maintenance Page 11 1611AZ Coleman,Yovanovich&Koester, P.A. Northern Trust Bank Building 4001 Tamiami Trail North, Suite 300 Naples,Florida 34103-3556 Telephone: (239)435-3535 Fax: (239)435-1218 Page: 1 Heritage Bay CDD November 30,2017 c/o File No: 6176-001M 210 N. University Dr. Suite 702 Statement No: 37 Coral Springs FL 33071 Attn:Justin Faircloth Gen Rep SENT VIA EMAIL TO:stmsapinvoices Previous Balance $8,888.75 Fees Hours 11/01/2017 GLU Review multiple email correspondence from Bob Koncar,etc.regarding agenda matters; Review agenda materials and prepare for Board of Supervisors meeting; Exchange email correspondence with Chairman on meeting 0.50 162.50 11/02/2017 GLU Review proposed engineering agreements from CPH;Review multiple email correspondence regarding funding and structure of loan;Attendance at Board of Supervisors meeting 3.50 1,137.50 11/03/2017 GLU Review and respond to email correspondence from Josh Lockhart regarding work order revisions;Draft revisions to form; Draft email correspondence to Justin Faircloth to update 0.75 243.75 11/06/2017 GLU Exchange email correspondence with Chairman Hubbard on lake use documents 0.10 32.50 11/08/2017 GLU Exchange email correspondence regarding advertisement issue;Review same 0.25 81.25 11/15/2017 GLU Review email correspondence from Wendell Gaertner; Conference call with financing team 0.70 227.50 11/26/2017 GLU Exchange email correspondence with Chairman regarding lake use regulations; Review proposed agreement modifications 0.25 81.25 11/27/2017 GLU Review and respond to email correspondence from Chairman on lake use documents; Follow-up email to Peter Rietz; Review and respond to email correspondence from Justin Faircloth on public records and email communications 0.80 260.00 11/30/2017 GLU Review and respond to email correspondence from Justin Faircloth regarding Bellaire Bay; Review email correspondence from County Attorney;Review email correspondence from Justin Faircloth to John Houldsworth 0.10 32.50 Professional Fees through 11/30/2017 6.95 2,258.75 Total Current Work 2,258.75 Page 12 1611A2 Page:2 Heritage Bay CDD November 30,2017 File No: 6176-001M Statement No: 37 Gen Rep Payments Total Payments Through 12/13/2017 -8,888.75 Balance Due $2,258.75 Page 13 1 6 I 1 A Inframark,LLC Invoice: 26132 :0%1FRAMARK 2002 West Grand Parkway North Invoice Date: 12/20/2017 Suite 100 Due Date: 1/19/2018 Katy,TX 77449 Terms: Net 30 Project ID: HERITAGEBAY PO#: Bill To: Heritage Bay CDD 210 N University Dr,Suite 702 Coral Springs FL 33071 United States Sales Description Quantity Units Rate Amount Assessment Roll Service 1 Ea $5,464.00 55,464.00 Subtotal $5,464,00 Tax(0%) $0.00 Total Due $5,464.00 Remit To:Inframark,LLC P.O.Box 733778 Dallas,TX 75373-3778 Please note our lockbox address has changed. Please Include the Project ID and the Invoice Number on the check stub of your payment. 1 of 1 Page 14 161IA Inframark,LLC Invoice: 26199 V I N F R A M A R K 2002 West Grand Parkway North Invoice Date: 12/21/2017 Suite 100 Due Date: 1/20/2018 Katy,TX 77449 Terms: Net 30 Project ID: HER1TAGEBAY PO#: Bill To: Heritage Bay CDD 210 N University Dr,Suite 702 Coral Springs FL 33071 United States Sales Description Quantity Units Rate Amount Management Fees for the Month Of:December 2017 Administrative Fees 1 Ea $3,482.75 $3,482.75 001-531027-51201-5000 Field Ops Services 1 Ea $961.33 $961.33 001-531016-53901-5000 Copies 1 Ea $702,95 $702.95 001-547001-51301-5000 Postage 1 Ea $5.52 $5.52 001-541006-51301.5000 Web Hosting 1 Ea $64.42 $64.42 001-531094-51301-5000 Subtotal $5,216.97 Tax(0%) $0.00 Total Due $5,218.97 Remit To:Inframark,LLC P.Q.Box 733778 Dallas,TX 75373-3778 Please note our iockbox address has changed. Please include the Project ID and the Invoice Number on the check stub of your payment. i{01 Page 5 161 1A @pal 500 West:Fulton Street Sanford,Florida 32771 Invoice Mom:407.322.6841 Justin Faircloth December 15,2017 Heritage Bay Community Development District Project No: H13604 d oM1111=111111111M11Invoice No: 106264 5911 County Lakes Road Ft.Myers,FL 33905 Heritage Bay Lake Bank Restoration Naples,Florida(Collier County) Professional Services throuab November 19.2017 Fee Percent Previous Fee Current Fee Billing Phase Fee Complete Billing Billing Topographic Survey 6,000.00 100.00 6,000.00 0.00 Final Design 18,400.00 100.00 16,400.00 0.00 Lake 28 to 30A Repair 4,500.00 100.00 4,500.00 0.00 Pre-application Meething 750.00 100.00 750.00 0.00 Meetings 3,200.00 100.00 1,700.00 1,500.00 Total Fee 32,650.00 31,350.00 1,500.00 Total Fee 1,600.00 Total this Phase $1,500.00 Limited Site Plan Application Services Professional Personnel Hours Rate Amount Sr.Project Manager 1.50 150.00 225.00 Totals 1.50 225.00 Total Labor 225.00 Billing Limits Current Prior To-Date Labor 225.00 4,275.00 4,500.00 Limit 4,500.00 Total this Phase $225.00 Bidding Administration Services Professional Personnel Hours Rate Amount Sr.Project Manager 3.75 150.00 562.50 Project Coordinator 2.25 90.00 202.50 Clerical II .25 60.00 15.00 Totals 6.25 780.00 Total Labor 780.00 Page 16 tv p i? 0 e 11 - 0 izi 161 1A2 Project H13604 Heritage Bay:Lake Bank Restoration Invoice 106264 Billing Limits Current Prior To-Date Labor 780.00 4,39125 5,171.25 Limit 6,000.00 Remaining 828.75 Total this Phase $780.00 Unit Billing 2017 Mileage 40.13 Black&White Plots 24X36 6.72 Black&White 11X17 10.40 Color Copies 11X17 7,70 Color Copies 8.5X11 64.25 Black&White 8.5X11 10.75 Total Units 139.95 139.96 Total this Phase $139.95 Total this Invoice $2,644.95 Services provided this period include: New exhibits for CDD,complete bid award. CPH,Inc. ./,‘7'"/e/1-7 1.4t/ Page 17 1 6 I 1A <:. Unbilled Detail As of 1 111 9/201 7 Friday,December 15,2017 12:04:47 PM Billing Employee/ Hours/ Billing Billing Labor Status Date Reference Description Units Rate Amount Category Project Number H13604 Heritage Bay:Lake Bank Restoration Phase Number:XXP Expenses Principal Name:Lockhart,Joshua Units: B 1115/2017 000000000213 Ft Myers 6:0 10.0 11X17 B&W @ 0.20 10.00 .200 2.000 B 1115/2017 000000000213 Ft Myers 6:05 12.0 8.5X11 B&W@ 0.05 12.00 .050 .600 B 11/5/2017 000000000213 Ft Myers B:05 63.0 8.5X11 8&W @ 0.05 63.00 .050 3.150 B 11/5/2017 000000000213 Ft Myers B:5 22.0 11X17 CLR@ 0.35 22.00 .350 7.700 B 11/5/2017 000000000213 Ft Myers B:.25 257.0 8.5X11 CLR@ 0.25 257.00 .250 64.250 B 11(1212017 000000000327 Ft Myers B:05 71.0 8.5X11 B&W@ 0.05 71.00 .050 3.550 B 10/22/2017 000000000545 Ft Myers B:0 41.011X1?B&W @ 0.20 41.00 .200 8.200 B 10/22/2017 000000000545 Ft Myers 6:05 10.0 8.5X11 B&W@ 0.06 10.00 .050 .500 B 10/22/2017 000000000545 Ft Myers B:05 43.0 8.5X11 B&W@ 0.05 43.00 .050 2.150 B 10/18/2017 000000000702 J.Morales B:35 75.0 17Mileage @ 0.535 75.00 .535 40.130 B 10/29/2017 000000000719 Ft Myers B: 1.0 B&WCopy @ 0.20 1.00 .200 .200 B 10/29/2017 000000000719 Ft Myers 13:5 3.0 8.5X11 B&W @ 0.05 3.00 .050 .150 B 10/29/2017 000000000719 Ft Myers B:05 13.0 8.5X11 B&W @ 0.05 13.00 .050 .650 B 10/29/2017 000000000719 Ft Myers 6:6 7.0 24X36Piots @ 0.96 7.00 .960 6.720 Total for 628.00 139.950 Total Billable Units 628.00 139.950 Total Units 628.00 139.950 Total for XXP 628.0D 139.950 Page 18 1611A6 500 West Fulton Street Sanford,Florida 32771 Invoice Phone:407,322.6841 Justin Faircloth December 15,2017 Heritage Bay Community Development District Project No: H13605 C/O IIIIIIIIIIIIIIIII Invoice No: 108265 5911 County Lakes Road Ft.Myers,FL 33905 Heritage Bay CDD Quarterly Water Quality Monitoring Events April 2017 through February 2018 Pr4fessienal Services t rout'1�November_19,20_17 Fee Percent Previous Fee Current Fee Billing Phase Fee Complete Billing Billing 1st Quarter Sample& 11,498.00 100,00 11,498,00 0.00 Report 2nd Quarter Sample& 91,498.00 100,00 11,498.00 0.00 Report 3rd Quarter Sample& 11,498.00 100.00 0.00 11,498.00 Report 4th Quarter Sample& 11,498.00 0.00 0.00 0.00 Report Total Fee 45,992.00 22,996.00 11,498.00 Total Fee 11,498.00 Total this Invoice $11,498.00 Services provided this period include: Completed survey of lakes for third quarter monitoring. CPH,Inc. ,A r' ' • Al r,(' Page 19 \V \V 0 . S_ p h c 0 r 1. e 0 :n 1611A @pal 500 West Fulton Street Sanford,Florida 32771 Invoice Phone:407 322.6841 Justin Faircloth December 15,2017 Heritage Bay Community Development District Project No: H13606 C/0111111111111111111111 Invoice No; 106266 5911 County Lakes Road Ft.Myers,FL 33905 Heritage Bay Emergency Lake Bank Restoration @ 10154 Heritage Bay Blvd Naples,FL 34120 P ofesakinal Services through Nov_emher 19.2017 Fee Percent Previous Fee Current Fee Billing Phase Fee Complete Billing Billing Final Design 12,000.00 100.00 0.00 12,000.00 Pre Application Meeting 750,00 0.00 0.00 0.00 Meetings 3,200.00 0.00 0.00 0.00 Total Fee 15,950.00 0.00 12,000.00 Total Fee 12,000.00 Total this Phase $12,000.00 Unit Billing 2017 Mileage 40.13 Total Units 40.13 40.13 Total this Phase $40.13 Total this Invoice $12,040.13 Services provided this period include: Completed plans for bank repair and coordinated with board. CPH.Inc. / 4'�?/• f�+e�' v'c Page 20 w• ,. . .. i' h p , t' ra t6l 1 * L Unbilled Detail Friday,December 15,2017 12:28:04 PM CPH,Inc. As of 11/19/2017 Billing Employee/ Hours/ Billing Billing Labor Status Date Reference Description Units Rate Amount Category Project Number:H13606 Heritage/Emergency Lake Bank Phase Number:XXP Expenses Principal Name:Lockhart,Joshua Units: B 11/17/2017 000000000808 J.Jennings site visit to take photos B:35 75.00 .535 40.130 75.0 17Mileage @ 0.535 Total for 75.00 40.130 Total Billable Units 75.00 40.130 Total Units 76.00 40.130 Total for XXP 75.00 40.130 Page 21 1611A "I cpllD 500 Mist Fulton Street Sanford,Florida 32771 Invoice Phone:407.322.6841 Justin Faireloth December 15,2017 Heritage Bay Community Development District Project No: H13607 C/O• Invoice No: 106267 5911 County Lakes Road Ft.Myers,FL 33905 Heritage Bay Lake#20 Single Family House Drainage Design @ 10154 Heritage Bay Blvd Naples,FL 34120-Collier County Plefelatenetaervices through tdovernher.li.z4.17 Fee Percent Previous Fee Current Fee Billing Phase Fee Complete Billing Billing Final Design 6,500.00 100.00 0,00 6,500.00 Bidding Administration 3,000.00 0.00 0.00 0.00 Meetings 3,200.00 0.00 0.00 0.00 Total Fee 12,700.00 0.00 6,500.00 Total Fee 6,500.00 Total this Phase $6,500.00 Total this Invoice $6,500.00 Services provided this period include: Updated models and control structure detail revision CPH,Inc. 0/ /50-"if 1 Page 22 v 0.' 0' c: I1 0 r p . : 0 nt 1611A � ilD cYp 500 West Fulton Street Sanford,Florida 32771 invoice Phone:407,322.6841 Justin Faircloth December 15,2017 Heritage Bay Community Development District Project No: H13608 CIO Invoice No: 106268 5911 County Lakes Road Ft.Myers,FL 33905 Heritage Bay Lake Outfall Structure Replacement @ 10154 Heriage Bay Blvd,Naples FL 34120 Protgv.3i9,nBt Services through Noyemggtl9,_9,17 Fee Percent Previous Fee Current Fee Billing Phase Fee Complete Billing Billing Final Design 5,000.00 100.00 0.00 5,000.00 Pre-Application Meeting 1,250.00 0.00 0.00 0.00 Meetings 3,200.00 0.00 0.00 0.00 Total Fee 9,450.00 0.00 5,000.00 Total Fee 5,000.00 Total this Phase $6,000.00 Total this invoice $5,000.00 Services provided this period include: Updated models and detail revision. CPH,Inc /"////1 /// J� e/.42 Page 23 , is n h c u r p . c o 111 16110 cpllD 500 Wa't Fulton Street Sanford,Florida 32771 Invoice Phone:407.322.6241 Bob Koncar December 15,2017 Heritage Bay Community Development District Project No: S28902 C10 211111.111M Invoice No: 106275 5911 County Lakes Road Ft.Myers,FL 33905 Meetings&Miscellaneous Services at 10154 Heritage Bay Blvd.Naples,FL-Collier County Professional Service. ,tt.r9gigllN�. ber 19.20 7 1 Meeting Attendance&Misc.Services Professional Personnel Hours Rate Amount Senior Project Manager 9.25 170.00 1,572.50 Project Engineer 6.00 120.00 720.00 Clerical .25 60.00 15.00 Totals 15.50 2,307.50 Total Labor 2,307.60 Total this Task $2,307.50 Total this Phase $2,307.50 Total this Invoice $2,307.50 Services provided this period include: Prep of exhibits,loan detail call,meeting to review cost,COD Meeting,review SFWMD permits. CPH,Inc. �i/1./r.,r1/ /22/af1L✓ Page 24 is .. V. . p h cor i, . a ni 161 1 A e Project S28902 SEISM-leritage Bay CDD:Meeting&Misc Invoice 106275 Billing Backup Friday,December 15,2017 CPH,Inc. Invoice 106275 Dated 12/15/2017 2:19:33 PM 1 Meeting Attendance&Misc.Services Professional Personnel Hours Rate Amount Senior Project Manager 70-0972 Lockhart,Joshua 10/1B/2017 1.50 170.00 255.00 BOS meeting to review updated costs/next steps for other sections of the lake 70-0972 Lockhart,Joshua 10/30/2017 1.00 170.00 170.00 loan detail call 70-0972 Lockhart,Joshua 10/31/2017 .75 170.00 127.50 contract review 70-0972 Lockhart,Joshua 11/1/2017 1.50 170.00 255.00 contract review for emergency repairs,lake 20,control structure 70-0972 Lockhart,Joshua 11/2/2017 4.00 170.00 680.00 attendance at CDD meeting,site walk of bridge 70-0972 Lockhart,Joshua 11/3/2017 .50 170.00 85.00 prep of exhibit for chairman Project Engineer 70-01176 Jennings,Joshua 10/17/2017 6.00 120.00 720.0D check SFWMD permits for Lake 20,model site Clerical 70-01233 Blydenburgh,Lori 11/1/2017 .25 60.00 15.00 Prebills Totals 15.50 2,307.50 Total Labor 2,307.50 Total this Task $2,307.60 Total this Phase $2,307.50 Total this Project $2,307.60 Total this Report $2,307.60 Page 25 1611Ae Inframark,LLC Invoice: 27133 INFRAMARK 2002 West Grand Parkway North Invoice Date: 1/22/2018 Suite 100 Due Date: 2121/2018 Katy,TX 77449 Terms: Net 30 Project ID: HERITAGEBAY PO It: Bill To: Heritage Bay CDD 210 N University Dr,Suite 702 Carat Springs FL 33071 United States Sales Description Quantity Units Rate Amount Management Fees for the Month Of:January 2018 Administrative Fees 1 Ea $3,482.75 $3,482.75 001-531027-51201-5000 Field Ops Services 1 Ea $961.33 $961.33 001-531016-53901-5000 Copies 1 Ea $525.60 $525.60 001-547001-51301-5000 Postage 1 Ea $4.14 $4.14 001-541006-51301-5000 Web Hosting 1 Ea $64.42 $64.42 001-531094-51301-5000 Subtotal $5,038.24 Tax(0%) $0.00 Total Due $5,038.24 Remit To:tnframark, LLC P.O.Box 733778 Dallas,TX 75373-3778 Please note our lockbox address has changed. Please include the Project ID and the Invoice Number on the check stub of your payment. 1ot1 Page 26 1611A2 p Q _ V. m LL e mN _ oog7o68 _ V - ' C C ,2p.ON OV0f9N 3 G C • R 7, .3 K 5 4g^N a � Ugar s `-.2.. Y8ti m em a I, d r y W 0 N n o N m C m L C-2 E O" 8 L m M r m rj N N N Y S C LL O ' C O O C� ad V .-'''N d_ _r ' '8 O N N lakalpy U w 0m a fO n" 2<oT mt° o s 2=m Quem guu 9, o m so g S , 5. v d' $ ai u 3 2.o a a o I 3 0 3 , C.O. fi y :niu0M v Y '5 0394 `- 44F v• 9rf0 3 _Tg i a Ti �n X 3 . rn 'P 8.� v `0 -2 y n a.E E E o m E C E .. = o s .- m n`. �z r< LL <Y¢E =_� 8� ..v a md �+ -N �.€ z 3 v - _ 8 8 - E. v v 7.1 '2, 1: m a m d w m m a7 v w '�' v v m m m Y �g v 9t 4 a m v 0 ffi Y 0 _ C E a F a a $' m a E a 3. 8 Ti o H 0 0 0 wd 0 a 3 0 0 0 0 0 3 8 3 3 i a 3 a a o. U 1.) 0 0 0 G 0 0 U U U U 2 C c SS 1 • O N O N O h 0 0a$ 3SpO O O O 8"O ' UE. ' p ` • M Q 21 2 f Ntli O w0 O Y1 OM NN N NI O O O NC ei NA . < 0! N Q O 1.... O M 00 U N M v M v . Q O UCO A W n r N N G 0 — '`. z 6-• F:&+' 0 • C':j 0 iv? • ® • * e •, • m-a em ".fiF , U4 t ® N 0 O t`1 O µ o NMN oo 8 A 4 ' Oo . n ryM a N ` N A0 _ 05 O N 8 u m r` m r - n 10 ur 8,.. N ;O 0Pi 0 o Cf 05. gr n 7,7 a v r M N N N G a E oo b o 0 0 0 0 o c� m Q'i 8 g o o gn o o ti o 0 0 0 0 o v o so. 0 C' N . CO a M D Ifi N O1 t00 ,'Y n M N M tV N ni 0d 0 5 , r h r 1'- r1� 1� r t� r IV r t`. (O CO 4 O O O O O O o O O O O O`l n R ti N N N N N fV. N 04 N ,54,N N 0 6 O '' N N N m O ^ti "Co- .1) C N N a V `- O �� r - C1` M M C V 1� -a-, .- `- ;:-.- — I E CLo 1 O .0 Ia 0 K ❑ CO y m EL' O , v c w O. R. C F ee' 8 E U C N > �^ ` N. 01 e NN A 0 p G 117 C O q LL LL J 7� E N N G G G { 3 K r E b r cd c s E m L r 8 w n m Te E u m Q < U 8 ; d m M N M- CO0 0 CO 0 M N 2 z U c = 4 a E `w •O ] « 2 ,m 0 9 , 9 a Y 0 Y O Y r a = a is m m o `� w m c 3q f c p c 'C s Yp E co y 8 - A O 0 �a 3 N U 0 0 3. J x W J m a -s W Y J J w 1h U S O , m p 2 W i Y x V- 2 Y x 0 x a s x'q a 5 a m0 . x 0.- x w g g m V 1 o D a a 0, 0 Y a 0 o G G 0. a a YI Sy s i0 r N 1611Ae co ,. . ca co ou0 Cl) W I- 0 O z w • m r- 0 j toa 0 0 Q N t- . a- O Co 0 ce O Co O Co Co fD j r CoW N !t Co N. co O W 0 Co C- N CO co 0 3 • N r; cr. <- Co W M O CO Z_ ♦ • • • • 0 0 ti H V O 0 up�:- y C CO W Co LC) c 4' U O � 00 (0 O L0 < 0 1.0 N N T r E 0 w h co I.- co co U 0 o ai a) 2 a O < < a. CCI la Co w M ` 0 ti ti I"— r� r, 35 Q a %V c N CV N_ Co < .'. 'N. N CA CO `o N w ; C) in < - o (4 w co C, s: 'D,.. d c. 0 N . Q a w a. o M (5 u ad _a. Q M usE a i m U o •- M 0 O w Q. a)D 0 � 0 d Q' co u COa m 0 . '� 0 Ca o O0 a o x LU M N w Za o w R LU o m a Q 4 R 3 0 0 49 m O O -A Z 0. 2 0 O I- f- V- 161 1 AL INFRAMARK INFRASTRUCTURE MANAGEMENT SERVICES Heritage Bay CDD 03/16/18 — Field Management Report www.infrarnarkims.com Inspected on:3/16/18 by:Tim Hall/Lynn Jackson 1 6 1 1 A e 1. Lake Management The water levels are a little lower from the last visit.The steady decrease in lake levels indicate that the stormwater system continues to function properly. Additional lake maintenance information is found below; all lake issues are low density unless otherwise noted. Lake &Wetland did a good job spraying for torpedo grass &algae. a. Algae on Lakes: Low density of algae on lakes 20&29 east side. Last month lakes have been sprayed. • b. Littorals: i. Alligator Flag in Lakes: No issues observed. C. Rocks: No new issues observed. d. Weeds: Alligator Weed in Lakes: No issues observed. Brazilian Pepper: Seedling Brazilian peppers noted next to Lake 10 by#3 Tee. Also, growing by L6/L20 structure. Cattails in Lakes: No issues observed. iv. Climbing Hemp Vine in Lakes: No issues observed. v Dollar Weed in Lakes: No issues observed. vi. Hydrilla in Lakes: No issues observed. • Inframark Monthly Management Report 1 1 6 1 1 A 2 Illinois Pond Weed in Lakes: Less weeds were found from our last visit in lakes from their spraying. Lakes with some weed were 5,6,10, 12, 14, 19,20,30A&308 �. a ' �. e� � �». tn§.. i art� a 'ti r�:- Palms on Lake Banks: On lakes 1,5,6, 19& 24.Should be sprayed to prevent from growing. 0� ` I ' y e J ix. Red Ludwigia in Lakes: Small amounts in lakes 6,7,&9. x. Sedges in Lakes: No issues observed. xi. Spatterdock/Lily Pads in Lakes: No issues observed. Inframark Monthly Management Report 2 1 6 1 1 A 2 xii. Torpedo Grass in Lakes: Most lakes have been sprayed for the torpedo grass,see pic#1. (L-26) Still small amounts in lakes 4,10, 15,18,22&30B. i ,r :=.iii': — 1- 1 Illit i •, ,-, , , -/ 1 i , S # s 1 .rl' :0 — jy,f F x° ...,,bn ,: , i yyk L :7 W 'F xiii. Various Submerged weeds in Lakes: No issues observed. e. Trash in Lakes: Branches in L-4&20. f. Bulkheads: No issues observed. g. Clippings in Lakes: No issues observed. 2. Lake Bank Erosion z,. Lake 26 &20 • -45P''''",%:,f,•---'''.`.W.,' ," •'-- - ,, f,.*:$4", 'til#,.,,,,,k .1),' $, -5, .,4, ,?- 4,• may.. .D` P'"` • �'^'.� � .yM1yi . " x� " -.t• , IntiP1.` Ott4TI ' -d c?'r,..;44. ..z, ' ^4, ' Inframark Monthly Management Report 3 1 6 1 1 A 2 .,. Lake 20: Rip rap has washed away from around the control structure. ,,'•,,,,W.."°:..'', ,,,:4 P VkarN...04, ir io ,---'tr, .4-, 4 , t- `14,4t -''' Lake 6: Dead tree stump should be removed from south bank. -Appy s -, -4.,,* 7-3:410, .. 4‘--1,t''..,* « r ` . 4`3 1 3. Storm Drainage System d Control Structures: i. Basin 1: Control structure L3L10 was not flowing. ii. Basin 2: Control Structure L6L20 was not flowing.Control Structure L12L20 was not flowing. *Brazilian Pepper growing by Structure. iiiBasin 3: Control Structure L25L30 was not flowing. iv.. Basin 4&5: Control Structure L28L30 was not flowing. (Pic below) v. Basin 6: Control Structure L30000O3 not flowing. Control Structure L3000002 was not flowing,still has a lot of torpedo grass&pond weed growing under it. Inframark Monthly Management Report 4 1611AU Picture of a control structure below,L28/L30 \\461, ti Control structure behind fence in maintenance area should be cleaned out. a . �'' E4 ,,, e. N , . 4` N r_. -4- ' _.z.,,,,,.fi4hz;1\,nkvc-,;,,t4 --,,,,,,i e '4 2 ,x' ' Y h. Drains: No issues observed. c. Roadway Catch Basins: No issues observed. d. Catch Basins: No issues observed. e. Inter-Connect/Drain Pipes: No issues observed. f. Illicit Discharges: No issues observed. g. Lake Drainage Pipes: No issues observed. 4. Fish/Wildlife Observations: ® Bass I I Bream Catfish Gambusia F Egrets 7 Herons Coots I 1 Gallinules FiAnhinga ®Cormorant n Osprey i Ibis (1 Woodstork I I Otter Z Alligators n Snakes 1Z Turtles E Other: Wild Turkey Inframark Monthly Management Report 5 1 6 1 1 A 2 5. Residential Complaints/Concerns: Lake 20—The lake embankment is still suffering from hurricane Irma. Many Spartina plants are dead along with the starting of erosion. 4- t.,-,..s.'. ,,,3 ., !II'l -4` ° itialeirtt.q � Y }d 4{ + x . f x 11 ` (3 f ''''..*,,le 4 � S X�- 6. Non--CDD Issues: No new issues observed. Infra mark Monthly Management Report 6 16I1A2 MINUTES OF MEETING HERITAGE BAY COMMUNITY DEVELOPMENT DISTRICT The regular meeting of the Board of Supervisors of the Heritage Bay Community Development District was held on Thursday, April 5, 2018 at 9:00 a.m. in the Heritage Bay Clubhouse, 10154 Heritage Bay Boulevard,Naples,Florida. Present and constituting a quorum were: Edwin Hubbard Chairman John May Vice Chairman Jack Arcurie Assistant Secretary Dennis Gagne Assistant Secretary Donna Hunter Assistant Secretary Also present were: Justin Faircloth District Manager Greg Urbancic District Counsel Jeffrey Satfield CPH Wendell Gaertner PRAG (via telephone) Gonzalo Ayres Lake& Wetland Management Resident The following is a summary of the actions taken at the April 5, 2018 Heritage Bay Board of Supervisors meeting. FIRST ORDER OF BUSINESS Roll Call Mr. Faircloth called the meeting to order and called the roll. SECOND ORDER OF BUSINESS Approval of Agenda On MOTION by Mr. Arcurie seconded by Mr. Gagne with all in favor the agenda was approved as presented. THIRD ORDER OF BUSINESS Public Comments on Agenda Items Hearing no comments from the audience,the next item of business followed. " ' U April 5, 2018 Heritage Bay CDD FOURTH ORDER OF BUSINESS Engineer's Report A. Water Testing Report • Mr. Gagne updated the Board on the meeting held with CPH regarding concerns with the water testing report. • Discussion ensued with regard to what is recommended to be included in the water testing reports moving forward. ➢ Two testings a year October and April of all lakes except for the large two recreational lakes. Performing sediment testing on one lake in each basin of the six to be done once per year; allowing for a variation in the sizes of lakes to be tested. • The updated report will be discussed at the May meeting. B. Bathymetric Update • Mr. Satfield commented it is scheduled for mid-April. Mr. Gagne will be notified of the specific date. FIFTH ORDER OF BUSINESS Attorney's Report A. Loan Update—PRAG • Mr. Gaertner gave an update noting that the Preliminary Official Statement has been posted to the market. Pricing of the bonds expected to be finalized next Tuesday. Expect a pre-closing in two weeks. The record will reflect Mr. Gaertner left the meeting. B. Public Hearing Discussion • Discussion ensued with regard to resident comments at the public hearing. There was consensus the public hearing went well. C. Quality Enterprises Contract Update i. Pre-Construction Meeting Date • The meeting held on March 7th went well. A contract has not been released to QE pending receipt of funds. • Discussion ensued with regard to QE beginning the project prior to closing of the bond refinancing. 2 l611Ae April 5, 2018 Heritage Bay CDD Mr. Hubbard MOVED subject to the financial advisor and counsel's recommendation assuming that the Bond Purchase Agreement is executed on Wednesday, April 12, 2018 to allow QE to begin mobilization and bring initial materials on site subject to a limitation not to exceed $150,000 and provisions for indemnity and other provisions deemed necessary by legal counsel and Mr. Arcurie seconded the motion. The prior motion was discussed. On VOICE vote with Mr. Hubbard, Mr. Arcurie and Ms. Hunter in favor and Mr. May and Mr. Gagne opposed the prior motion was approved. • Mr. Urbancic will prepare a document and forward to QF. for execution if they are in agreement. D. 30A/30B Boating Regulations Update • Mr. Urbancic gave an update on the status of the boating regulations and his discussion with Peter, the representative of the Quarry. He is working out some issues with the contract and will keep the Board updated on the progress. E. Stormwater Management Rules and Policies Update • Mr. Urbancic commented on the updated stormwater management rules and policies. Comments will be incorporated as submitted. • The process of adopting updated rules and policies requires a public hearing. District Counsel will re-confirm a public hearing is required. F. Public Access Update • This was tabled to the next meeting. G. Buoy Installation Update • Staff reported on the required process with Collier County for buoy installation. A petition will be submitted to Collier County. The record will reflect Mr. Urbancic left the meeting. 3 16110 April 5, 2018 Heritage Bay CDD SIXTH ORDER OF BUSINESS Old Business A. 2018 Summer Lake Bank Project Discussion • Staff waiting for a proposal from QE. • West side of Lake 20 erosion near the lst Tee Box was inspected. Mr. May commented on the erosion issue;which is on CDD property. • Discussion ensued with regard to a solution. Mr. Hubbard will contact the golf course for a proposal. Proposals from Quality Enterprises and Copeland Southern will be sought. SEVENTH ORDER OF BUSINESS New Business A. Lake Bank Repair Protocol Discussion • A document prepared by Mr. Hubbard on lake bank repair and maintenance was reviewed. EIGHTH ORDER OF BUSINESS Manager's Report D. Lake&Wetland Management Monthly Inspection Report • Discussion ensued with regard to the report. Lake bank maintenance was addressed with Mr. Ayres. • Mr. Ayres noted that Lake & Wetland Management could plant littorals on the west bank of lake 20 where the work is being considered as the District is owed littorals. The record will reflect Mr.Ayres left the meeting. A. Approval of the Minutes of the March 1,2018 Regular Meeting Mr. Faircloth stated each Board member received a copy of the minutes March 1,2018 regular meeting and requested any additions, corrections or deletions. On MOTION by Mr. May seconded by Ms. Hunter with all in favor the minutes of the March 1, 2018 meeting were approved. B. Acceptance of Financials • The financials for the period ending February 28,2018 were reviewed. 4 1611Ae April 5, 2018 Heritage Bay CDD On MOTION by Mr. May seconded by Mr. Arcurie with all in favor the February 28,2018 financials were accepted. C. Field Manager's Report • The Field Management Report for site inspection conducted on March l6, 2018 was reviewed; a copy of which is attached for the record. D. Lake&Wetland Management Monthly Inspection Report • Previously addressed. E. Follow up Items • Status of items were reviewed with the Board. NINTH ORDER OF BUSINESS Supervisors' Reports,Requests and Comments There not being any,the next item of business followed. The record will reflect Mr. Satfield left the meeting. TENTH ORDER OF BUSINESS Chairman's Comment • Mr. Ilubbard reported Dick Murray was appointed to the Umbrella Association; and commented on Hole#15 lake bank planting. ELEVENTH ORDER OF BUSINESS Audience Comments There not being any,the next item followed. TWELFTH ORDER OF BUSINESS Adjournment On MOTION by Mr. May seconded by Mr. Gagne with all in favor the meeting was adjourned at 11:38 a.m. J/n Faircloth Edwin Hubbard ecretary Chairman 5 16 $ 1A3 Naples Heritage Community Development District Board of Supervisors o Peter J.Lombardi,Chairman o Peter V.Ramundo,Vice Chairman ❑Justin Faircloth,District Manager n Kenneth R. Gaynor,Assistant Secretary ❑Gregory L.Urbancic,District Counsel o Gerald G.James,Assistant Secretary n W.Terry Cole,District Engineer o Richard J.Leonhard,Assistant Secretary Meeting Agenda April 2,2018—9:00 a.m. 1. Roll Call 2. Public Comment on Agenda Items 3. Approval of the Minutes of the February 27,2018 Meeting 4. Old Business A. Master Association Club Expansion Update B. Lake Improvement Project C. Conservation Maintenance Plan 5. New Business 6. Manager's Report A. Acceptance of Financial Statements B. Follow Up Items 7. Attorney's Report 8. Engineer's Report 9. Supervisors'Requests 10. Audience Comments 11. Adjournment The next meeting is scheduled for May 1,2018 at 9:00 a.m. District Office: Meeting Location: 210 N.University Drive,Suite 702 Naples Heritage Golf and Country Club Clubhouse Coral Springs,FL 33071 8150 Heritage Club Way 954-603-0033 Naples,FL 1611 .A . NAPLES HERITAGE Community Development District Financial Report February 28,2018 Prepared by 6INFRAMARK N:f AA$T UCflJ MANAGt MINT StRVICfY 1611A3 NAPLES HERITAGE Community Development District Table of Contents FINANCIAL STATEMENTS Balance Sheet Page 1 Statement of Revenues,Expenditures and Changes in Fund Balances General Fund Page 2 SUPPORTING SCHEDULES Non-Ad Valorem Special Assessments Page 3 Cash and Investment Balances Page 4 Check Register Page 5 1611A3 NAPLES HERITAGE Community Development District • Financial Statements (Unaudited) February 28,2018 161 1A3 NAPLES HERITAGE Community Development District General Fund Balance Sheet February 28,2018 ACCOUNT DESCRIPTION TOTAL ASSETS Cash-Checking Account $ 74,524 Investments: Money Market Account 26,913 Deposits 200 TOTAL ASSETS $ 101,637 LIABILITIES Accounts Payable $ 5,655 Accrued Taxes Payable 153 TOTAL LIABILITIES 5,808 FUND BALANCES Nonspendable: Deposits 200 Assigned to: Operating Reserves 19,200 Unassigned: 76,429 TOTAL FUND BALANCES $ 95,829 TOTAL LIABILITIES&FUND BALANCES $ 101,637 Report Date:3/23/2018 Page 1 1611A3 NAPLES HERITAGE Community Development District General Fund Statement of Revenues,Expenditures and Changes in Fund Balances For the Period Ending February 28,2018 ANNUAL YTD ACTUAL ADOPTED YEAR TO DATE YEAR TO DATE VARIANCE(5) AS A%OF FEB-IB FEB-18 ACCOUNT DESCRIPTION BUDGET BUDGET ACTUAL FAV(UNFAV) ADOPTED BUD BUDGET ACTUAL REVENUES Interest-Investments $ 100 $ 42 $ 328 $ 286 328.00% $ 8 $ 87 Interest-Tex Collector - - 3 3 0.00% - 3 Special Assmnts-Tax Collector 79,899 75,399 74,625 (774) 9340% 4,000 4,050 Special Assmnts-Discounts (3,196) (3.149) (2,880) 289 90.11% (250) (104) ITOTAL REVENUES 76,803 72,292 72,076 (216) 93.85% 3,758 4,0361 EXPENDITURES Administration PIR-Board of Supervisors 5,000 3,000 3,000 - 60,00% 1,000 1,000 FICA Taxes 383 230 230 - 60.05% 77 77 ProfServ-Engineering 1.000 1.000 5,451 (4,451) 545.10% - 2,710 ProfServ-Field Management 773 - - - 0.00% - - ProfServ-Legal Services 2,000 796 796 - 39.80% 731 731 ProfServ-Mgml Consuking Sery 21,309 8,879 6,879 - 41.87% 1,776 1,776 ProfServ-Property Appraiser 1,198 1,198 1,199 (I) 100.08% - - ProfServ-Web Site Maintenance 618 258 258 - 41.75% 52 52 Auditing Services 3,000 - - - 0.00% - - Poslage and Freight 1,500 625 286 339 19.07% 125 98 Insurance-General Liabiity 8,911 8,911 8,101 810 90.91% - - Printing and Binding 650 271 244 27 37.54% 54 77 Legal Advertising 2,500 295 295 - 11.80% - - Misc-Bank Charges 620 258 224 34 38.13% 52 47 Misc-Assessmnt Collection Cost 1,598 1,479 1,435 44 89.80% 85 79 Misc-Contingency 376 - • - 0.00% - - Miso-Web Hosting 500 208 208 - 41,60% 42 42 Office Expense 410 171 99 72 24.15% 34 - Annual District Filing Fee 175 175 175 - 100.00% - - Total Administration 52,521 27,754 30,880 (3,126) 58.80% 4,028 6,689 Field Contracts-Aorator Maintenance 682 - - - 0.00% - - Electricity-Aerator 900 375 809 (434) 89.89% 75 732 R&M-Fence 500 - - - 0.00% - - Misc-Contingency 12,000 - _ - - - 0.00% - Total Field 14,082 375 809 (434) 5.74% 75 232 Reserves Reserve-Fountain 200 - - - 0.00% - - Reserve-Roads and Lakes 10,000 - - - 0.00% - - Total Reserves 10,200 - - - 0.00% - - TOTAL EXPENDITURES&RESERVES 76,803 28,129 31,689 (3,560) 41.26% 4,103 6,921 Excess(deficiency)of revenues Over(under)expenditures - 44,163 40,387 (3.776) 0 00% (345) (2,895) Net change in fund balance $ - $ 44,163 $ 40,387 $ (3,776) 0.00% $ (345) $ (2,885) FUND BALANCE,BEGINNING(OCT 1,2017) 55,442 55,442 55,442 FUND BALANCE,ENDING $ 55,442 $ 99,605 $ 95,829 Report Date:3/23/2018 Page 2 16 % 1A3 NAPLES HERITAGE Community Development District Supporting Schedules February 28,2018 16 % 1A3 NAPLES HERITAGE Community Development District Non-Ad Valorem Special Assessments-Collier County Tax Collector Monthly Collection Distributions For the Fiscal Year Ending September 30,2018 Discount/ Gross Date Net Amount (Penalties) Collection Amount Received Received Amount Costs Received Assessments Levied $ 79,900 Allocation% 100% 11/08/17 $ 487 $ 28 $ 10 $ 525 11/15/17 14,582 620 298 15,500 11/30/17 33,304 1,416 680 35,400 12/15/17 15,099 618 308 16,025 01/16/18 2,970 95 61 3,125 02/20/18 3,868 104 79 4,050 TOTAL $ 70,309 $ 2,880 $ 1,436 $ 74,625 %COLLECTED 93.4% TOTAL OUTSTANDING $ 5,275 Report Date:3/23/2018 Page 3 1611A3 NAPLES HERITAGE Community Development District Cash and Investment Balances February 28,2018 ACCOUNT NAME BANK NAME YIELD MATURITY BALANCE GENERAL FUND Checking Account-Operating SunTrust 0.07% N/A $ 74,524 Money Market Account BankUnited 1.00% N/A 26,913 Total $ 101,437 Report Date:3/23/2018 Page 4 161113 f [)f $% aR ooeoc ®}�#E§}3 \ \ � \ / } \ 111 enRRRN §@ 7 \ / /[ § 1 /2 § / 32 § 7§ — 10 O. L % k 0 01 O h °t ` = ;EiOW ; ; +£ 2 \/ . .00 ;11 ,04'4'cm tf /) MQU0 CO ] id csi § k / / /( / CI owwwww )/ 77299 U Z G2� §§ )E /ƒƒ £ƒ ; « s «g; g§ R§ 8ocoo 2 § ! § Nmmm, im // }/} 3 | » « «« „ ! 4 = ) 222227\ \ ii E\ « ] t ZS ZS ___.. N C-N« U. LL 00. II N N 22;1 CO �CD CO ul k ( OO / \,� 22a\ ) : ! [ ) 0 LI o Ea /0 § ) ao § 00000 ! < Z lf \ k ; ; m ; ) ,e�,2s__ , ' O § \}}) k} ( \ r � } 9 z (eft < © § zzk>» £2 @o .. ¥ m § 4 \ o° ° 00000000 00000 , Uz §§ ' = ) ®`di) /§ k ) \ j \ 2 \ ° ,,, e 8s 00 % / 0 2z 88008888 88888 / a Page5 1 6 1 1 A 3 a cry Q r- c E O- a to Y ,, - N O 0 O rmn 2 cO 2 Q L h O_ y0 O a N D E -O N a a -- °'rMi o U O 'G I\- 0 U aE la ami NEA 0 M to J a) 3 c ccN M Of LU C O a U, 0 '0 a V) O x aa0 Y .- a -3 Z W is 0 m v3 < .a a U) a Is -o -o '4 73 'a N j 0 N CkN ➢ O C) AC a) y ❑ a o d d d c a aa a a aaO (0 0 0 0 0 0 0 0 a U (.3 U 0 0 U c Q' 0 0 0 0 M 0 0 0 co 0 w 0) to to M 1A M O La CI - tV M M W ? v _. ❑ CO Z ♦' OO ON OO N30 yo 00 O •- O CO , Co '' J O O CD M CO m 0) < (N to N O LU a- f0 N d' 03 Q G O O O O cNC0 O 0 O ch CO CO • Wo 0 0 0 0 M O O O M 4.a Z > O On UOU O co O in co M ci) I O 0 CO � C) N h a- O co 00) • a Q ❑ co W co CD m 0 N- i- r 0 0 0 0 0 0 0 0 NN N N N N N N N 4. — V V in Vim. V d' Fq 05 CZ .- N 0 _ UN N CO L roy> d O 0. ...7.H � Y wO d W < J N a' To cui 17) CO - IY O (6 2n - Z a V m R t! a C 6) DI r O O w O a 0) O N > ix E C £ C I, « N Z a C co 0 C C C Q a a 0 H 1- En O O • N C U) Q C co a) a) ((0 ca N v S7 d J L11. F- J < < a2) l 1- 0) P.0 T3 O O F F H 16 % 1A3 Manza, Diane Subject: FW: NH CDD- Draft agenda? From:Chad Legan [mailto:chadlegan@ me.com] Sent:Wednesday, February 28, 2018 1:17 PM To:Faircloth,Justin<Justin.Faircloth@inframark.com> Subject: Re:Naples Heritage CDD-Signed Proposal The part is warrantied but our labor to pull it and install it is not.An estimated labor cost is 325.00 Feel free to reach out to me with any further questions Sincerely, Chad Sent from my iPhone On Feb 27,2018,at 5:05 PM, Faircloth,Justin<Justin.Faircloth@inframark.com>wrote: Chad, It has been reported to me that an LED light is out on the fountain you installed at Naples Heritage CDD. Would this be covered under the Five year warranty on in water products?We would like to have the light replaced. Thank you, Justin Justin Faircloth I District Manager <image001.png> 5911 Country Lakes Drive I Fort Myers, FL 33905 (0) 239.245.7118 ext. 306 1 (M)239.785.0675 I www.inframarkims.com SUPERVISORS,PLEASE DO NOT REPLY TO ALL AS THIS COULD BE A VIOLATION OF THE FLORIDA SUNSHINE PROVISIONS. CONFIDENTIALITY NOTICE:The information in this email is intended for the sole use of the recipient(s)and may be confidential and subject to protection under the law.If you are not the intended recipient,you are hereby notified that any distribution or copying of this email is strictly prohibited.If you have received this message in error,please contact the sender immediately and delete your copy from your computer. From:Chad Legan [mailto:chadlegan@me.com] Sent:Thursday,February 11, 2016 3:03 PM To:Faircloth,Justin<Justin.Faircloth@stservices.com> Subject: Re: Naples Heritage CDD-Signed Proposal Five year warranty on in water products and three-year warranty on panel and everything in the panel 1 1611A3 Chad Sent from my iPhone On Feb 10,2016,at 5:30 PM, Faircloth,Justin<Justin.Faircloth@stservices.com>wrote: Mr. Legan, Attached is a signed proposal for the fountain at Naples Heritage. I will need an invoice for the total deposit amount of $8,052.00 billed to Naples Heritage CDD,a W-9 from you,and a certificate of insurance with the CDD listed as an additional insured. You may use the following info for your insurance. Naples Heritage CDD C/O Severn Trent Services 210 N. University Dr.Suite 702 Coral Springs,FL 33071 Please let me know if you have any questions. I look forward to working with you. Sincerely, Justin <i m age001.p ng> SUPERVISORS,PLEASE DO NOT REPLY TO ALL AS THIS COULD BE A VIOLATION OF THE FLORIDA SUNSHINE PROVISIONS. CONFIDENTIALITY NOTICE:The information in this email is intended for the sole use of the recipient(s)and may be confidential and subject to protection under the law.If you are not the intended recipient,you are hereby notified that any distribution or copying of this email is strictly prohibited.If you have received this message in error,please contact the sender immediately and delete your copy from your computer. <image002.png> <NH CDD-Irrigation Concepts Signed Proposal.pdf> 2 1611A3 MINUTES OF MEETING NAPLES HERITAGE COMMUNITY DEVELOPMENT DISTRICT The regular meeting of the Board of Supervisors of the Naples Heritage Community Development District was held on Monday, April 2, 2018 at 9:00 a.m. at the Naples Heritage Golf and Country Clubhouse, 8150 Club Way,Naples, Florida. Present and constituting a quorum were: Peter J. Lombardi Chairman Peter Ramundo Vice Chairman Kenneth R. Gaynor Assistant Secretary Gerald James Assistant Secretary Richard Leonhard Assistant Secretary Also present were: Justin Faircloth District Manager Patrick Dorbad NI[(ICC General Manager The following is a summary of the discussions and actions taken at the April 2, 2018 Board of Supervisors meeting. FIRST ORDER OF BUSINESS Roll Call The meeting was called to order and all Supervisors were present. SECOND ORDER OF BUSINESS Public Comment on Agenda Items None THIRD ORDER OF BUSINESS Approval of the Minutes of the February 27,2018 Meeting Mr. Faircloth stated each Board member received a copy of the minutes of the February 27,2018 meeting and requested any corrections, additions or deletions. On MOTION by Mr. James seconded by Mr. Gaynor with all in favor the minutes of the February 27, 2018 meeting were approved. 1611A3 April 2, 2018 Naples Heritage CDD FOURTH ORDER OF BUSINESS Old Business A. Master Association Club Expansion Update • The Board was updated on the Club Expansion Project. > A response to questions from the Army Corp of Engineers is being prepared. B. Lake Improvement Project • Mr. Gaynor gave an update on the project noting approval was previously given to expand the project along with a budget based on successful lake testing. C. Conservation Maintenance Plan • Staff gave an update on the process to follow with SFWMD should the District desire to perform work in the conservation areas. FIFTH ORDER OF BUSINESS New Business There not being any,the next item followed. SIXTH ORDER OF BUSINESS Manager's Report A. Acceptance of Financial Statements • The financial statements for the period ending February 28,2018 were reviewed. On MOTION by Mr. Leonhard seconded by Mr. James with all in favor the financials for the period ending February 28,2018 were accepted. B. Follow Up Items • Staff provided an update on items. • There was Board agreement to proceed with the fountain repair. SEVENTH ORDER OF BUSINESS Attorney's Report There not being any,the next item followed. EIGHTH ORDER OF BUSINESS Engineer's Report There not being any,the next item followed. NINTH ORDER OF BUSINESS Supervisors' Requests There not being any,the next tern followed. t611A3 April 2, 2018 Naples Heritage CDD TENTH ORDER OF BUSINESS Audience Comments None ELEVENTH ORDER OF BUSINESS Adjournment There being no further business, On MOTION by Mr. Ramundo seconded by Mr. Leonhard with all in favor the meeting was adjourned at 9:30 a.m. ' J . n Faircloth Peter J. omb i �— •-cretary Chairman 3 t1MOKACF F 161 1 A 4 R1 R Immokalee Fire Control District 502 New Market Road East, Immokalee, FL. 34142 Ave Maria Michael J. Choate, Fire Chief May 17, 2018 Mr. Derek Johnson, General Accounting Manager Clerk of the Circuit Court, Finance Department 3299 Tamiami Trail East, #403 Naples, FL 34112 Sent via Certified Mail Dear Mr. Johnson: Enclosed please a copy of the District's audit for the fiscal year ended 9-30-17. Please contact me if you have any questions or would like to receive an electronic copy of the audit. Very truly yours, MICHAEL CHOATE Fire Chief/District Manager Enclosures Administration(239)657-2111 Operations(239)657-8587 Fire Prevention(239)597-9227 Fax(239)657-9489 1 6 1 1 A 4 IMMOKALEE FIRE CONTROL DISTRICT BASIC FINANCIAL STATEMENTS TOGETHER WITH ADDITIONAL REPORTS YEAR ENDED SEPTEMBER 30,2017 1 6 1 1 A 4 TABLE OF CONTENTS Page(s) INDEPENDENT AUDITOR'S REPORT 1-3 MANAGEMENT'S DISCUSSION AND ANALYSIS(MD&A) i-vi BASIC FINANCIAL STATEMENTS GOVERNMENT-WIDE FINANCIAL STATEMENTS: Statement of Net Position 4 Statement of Activities 5 FUND FINANCIAL STATEMENTS: Governmental Funds: Balance Sheet 6 Reconciliation of the Balance Sheet-Governmental Funds to the Statement of Net Position 7 Statement of Revenues,Expenditures and Changes in Fund Balance-Governmental Funds 8 Reconciliation of the Statement of Revenues,Expenditures and Changes in Fund Balance-Governmental Funds to the Statement of Activities 9 NOTES TO THE FINANCIAL STATEMENTS 10-45 REQUIRED SUPPLEMENTARY INFORMATION OTHER THAN MD&A BUDGET TO ACTUAL COMPARISON-MAJOR FUNDS(General and Special Revenue Funds) Statement of Revenues,Expenditures and Changes in Fund Balance-Budget and Actual- General Fund-Summary Statement 46 Statement of Revenues,Expenditures and Changes in Fund Balance-Budget and Actual- General Fund-Detailed Statement 47-49 Statement of Revenues,Expenditures and Changes in Fund Balance-Budget and Actual- Impact Fee Fund-Summary Statement 50 SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS 51 NOTES TO THE SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS 52 OTHER REQUIRED SUPPLEMENTARY INFORMATION Schedule of District Proportionate Share of the Net Pension Liability-Florida Retirement System(FRS)Pension Plan 53 Schedule of District Contributions-Florida Retirement System(FRS)Pension Plan 53 Schedule of District Proportionate Share of the Net Pension Liability-Health Insurance Subsidy(HIS)Pension Plan 54 Schedule of District Contributions-Health Insurance Subsidy(HIS)Pension Plan 54 Notes to the Required Supplementary Information 55-56 ADDITIONAL REPORTS Independent Auditor's Report on Internal Control over Financial Reporting and on Compliance and Other Matters Based on an Audit of Basic Financial Statements Performed in Accordance with Government Auditing Standards 57-58 Independent Auditor's Report on Compliance for Each Major Program and on Internal Control Over Compliance Required by the Uniform Guidance 59-61 Schedule of Findings and Questioned Costs-Federal Awards 62-63 Independent Accountant's Report on Compliance with Section 218.415,Florida Statutes 64 Independent Auditor's Report to Management 65-69 Management's Response to Independent Auditor's Report to Management Exhibit 16 % 1A4 TUSCAN CAN Affiliations JUL Florida institute of Certified Public Accountants &Company, PA American Institute of Certified Public Accountants ._t Consultants Companies Practice Section Cex ifed C Public Accountants& onsultants Tax Division INDEPENDENT AUDITOR'S REPORT Board of Commissioners Immokalee Fire Control District 502 East New Market Road Immokalee,Florida 34142 Report on the Financial Statements We have audited the accompanying financial statements of the governmental activities and each major fund of Immokalee Fire Control District(the"District")as of and for the year ended September 30,2017,and the related notes to the financial statements,which collectively comprise the District's basic financial statements as listed in the table of contents. Management's Responsibility for the Financial Statements 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. Auditor's Responsibility Our responsibility is to express an opinion on these financial statements based on our audit. We did not audit the financial statements of Florida Retirement System Pension Plan(FRS)or Health Insurance Subsidy Pension Plan(HIS)as of and for the year ended June 30,2017. The District is required to record its proportionate share of the FRS and HIS liability in the District's government-wide financial statements as of September 30,2017,and for the year then ended.Those financial statements were audited by other auditors whose report thereon has been furnished to us,and our opinion,insofar as it relates to the amounts included for Immokalee Fire Control District's government-wide financial statements,is based on the report of the other auditors.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 of America. 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 auditor's 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 auditor considers internal control relevant to the District'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 District'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 opinion. Opinion In our opinion,based on our audit and the report of the other auditors,the financial statements referred to above present fairly,in all material respects,the respective financial position of the governmental activities and each major fund of Immokalee Fire Control District as of September 30,2017,and the respective changes in financial position,for the year then ended in accordance with accounting principles generally accepted in the United States of America. INTEGRITY SERVICE EXPERIENCE 12621 World Plaza Lane,Building 55 •Fort Myers, FL 33907 •Phone: (239)333-2090•Fax:(239)333-2097 1 6 1 1 A 4 Board of Commissioners Immokalee Fire Control District Page 2 Other Matters Required Supplementary Information Accounting principles generally accepted in the United States of America require that the management's discussion and analysis on pages i-vi,Schedule of the District's Proportionate Share of the Net Pension Liability-Florida Retirement System(FRS)Pension Plan,Schedule of District Contributions-Florida Retirement System(FRS)Pension Plan,Schedule of the District's Proportionate Share of the Net Pension Liability-Health Insurance Subsidy(HIS)Pension Plan,Schedule of District Contributions-Health Insurance Subsidy(HIS)Pension Plan,and Notes to Required Supplementary Information,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 which 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-management's discussion and analysis(MD&A),Schedule of the District's Proportionate Share of the Net Pension Liability-Florida Retirement System(FRS)Pension Plan,Schedule of District Contributions- Florida Retirement System(FRS)Pension Plan,Schedule of the District's Proportionate Share of the Net Pension Liability -Health Insurance Subsidy(HIS)Pension Plan,Schedule of District Contributions-Health Insurance Subsidy(HIS) Pension Plan,and Notes to Required Supplementary Information,as listed in the table of contents,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 required supplementary information- management's discussion and analysis(MD&A), Schedule of the District's Proportionate Share of the Net Pension Liability-Florida Retirement System(FRS)Pension Plan.Schedule of District Contributions-Florida Retirement System (FRS)Pension Plan,Schedule of the District's Proportionate Share of the Net Pension Liability-Health Insurance Subsidy (HIS)Pension Plan,Schedule of District Contributions-Health Insurance Subsidy(HIS)Pension Plan,and Notes to Required Supplementary Information,as listed in the table of contents,because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance. Other Required Supplementary Information Our audit was conducted for the purpose of forming an opinion on the financial statements that collectively comprise Immokalee Fire Control District's basic financial statements. The required supplementary information other than MD&A -budgetary comparison information is presented for purposes of additional analysis and is not a required part of the basic financial statements.The required supplementary information other than MD&A-budgetary comparison information is the responsibility of management and was derived from and relates directly to the underlying accounting and other records used to prepare the basic financial statements.Such information has been subjected to the auditing procedures applied in the audit of the basic financial statements and certain additional procedures,including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the basic financial statements or to the basic financial statements themselves,and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion,the required supplementary information other than MD&A- budgetary comparison information is fairly stated,in all material respects,in relation to the basic financial statements as a whole. Our audit was conducted for the purpose of forming an opinion on the financial statements that collectively comprise the Immokalee Fire Control District's basic financial statements. The accompanying Schedule of Expenditures of Federal Awards-year ended September 30,2017 as required by the U.S.Office of Management and Budget Uniform Guidance, "U.S.Code of Federal Regulations(CFR)Part 200,Uniform Administrative Requirements,Cost Principles,and Audit Requirements for Federal Awards"is presented for purposes of additional analysis and is not a required part of the basic financial statements. Such information is the responsibility of management and was derived from and relates directly to the underlying accounting and other records used to prepare the basic financial statements. Such information has been subjected to the auditing procedures applied in the audit of the financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the basic financial statements or to the basic financial statements themselves,and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion,the accompanying 1 6 1 1 A 4 Board of Commissioners Immokalee Fire Control District Page 3 Schedule of Expenditures of Federal Awards for the year ended September 30,2017 is fairly stated,in all material respects, in relation to the basic financial statements as a whole. Other Information Our audit was conducted for the purpose of forming an opinion on the financial statements that collectively comprise the District's basic financial statements. The Exhibit-Management's Response to Independent Auditor's Report to Management is not a required part of the basic financial statements but is required by Government Auditing Standards. Such information has 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 Section 218.415,Florida Statutes In accordance with Section 218.415,Florida Statutes,we have also issued a report dated April 17,2018 on our consideration of Immokalee Fire Control District's compliance with provisions of Section 218.415,Florida Statutes. The purpose of that report is to describe the scope of our testing of compliance and the results of that testing,and to provide an opinion on compliance with the aforementioned Statute. That report is an integral part of an audit performed in accordance with Sections 218.39 and 218.415,Florida Statutes in considering Immokalee Fire Control District's compliance with Section 218.415,Florida Statutes. Other Reporting Required by Government Auditing Standards In accordance with Government Auditing Standards,we have also issued our report dated April 17,2018 on our consideration of the District's internal control over financial reporting and on our tests of its compliance with certain provisions of laws,regulations,contract 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 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 Immokalee Fire Control District's internal control over financial reporting and compliance. 74.4,04.0 TUSCAN&COMPANY,P.A. Fort Myers,Florida April 17,2018 1 6 1 1 A 4 MANAGEMENT'S DISCUSSION AND ANALYSIS (MD&A) 161 1A4 Immokalee Fire Control District Management's Discussion and Analysis September 30, 2017 General Information The Immokalee Fire Control District's (the District) discussion and analysis is designed to assist the reader in focusing on significant financial issues, provide an overview of the District's financial activity, identify changes in the District's financial ability to address the next and subsequent fiscal years challenges, identify any material deviations from the approved budget, and identify individual fund issues and concerns. Management's Discussion and Analysis (MD&A) is intended to serve as an introduction to the District's basic financial statements which are composed of 1) government-wide financial statements, 2) fund financial statements, and 3) notes to the financial statements. It is designed to focus on the current fiscal year's activities, resulting changes and currently known facts, and should be read in conjunction with the District's financial statements. Fiscal Year Highlights As expected, the District's net financial position decreased during the fiscal year ended September 30, 2017 by $561,328 substantially due to an increase in pension liability of $ 506,368. The District's revenue was up $214,248 or 5%while expenses increased $825,561 or 20% as compared to the fiscal year ended September 30, 2016. The District is debt free. As expected, the District's financial position increased during the fiscal year ended September 30, 2016 by $49,985. The District's revenue was down $173,266 or 4% while expenses increased $1,304,731 or 46% as compared to the fiscal year ended September 30, 2015. The District is debt free. Effective September 30, 2015, the District adopted the provisions of Governmental Accounting Standards Board Statement No. 68, Accounting and Financial Reporting for Pensions (Statement No. 68). The implementation of this standard requires the District to report its actuarially determined net pension liability in the government-wide financial statements. It also requires additional disclosure in the notes related to the financial statements. Government-wide Financial Statements The government-wide financial statements are designed to provide readers with a broad overview of the District's finances in a manner similar to a private-sector business. The statements combine and consolidate governmental fund short-term spendable resources with capital assets and long-term obligations. 1 6 1 1 A 4 Immokalee Fire Control District Management's Discussion and Analysis September 30, 2017 Government-wide Financial Statements (continued) The statements include a Statement of Net Position and a Statement of Activities that are designed to provide consolidated financial information about governmental activities of the District presented on the accrual basis of accounting. The Statement of Net Position presents information on all of the District's assets and liabilities, with the difference between the two reported as net position. Over time, the increases or decreases to net position may serve as a useful indicator of whether the financial position of the District is improving or deteriorating. The government-wide financial statements can be found on pages 4 and 5 of this report at September 30: 2016 2017 Assets: Cash and Other Current Assets $ 4,981,323 $6,087,306 Capital Assets, Net of Depreciation 2,131,017 2,081,974 Total Assets 7,112,340 8,169,280 Deferred Outflows of Resources— Pensions 2,162,049 2,390,140 Liabilities: Accounts Payable and Other Current Liabilities 95,807 216,432 Unearned Revenue-impact fees 3,180,395 4,147,807 Long Term Liabilities 3,545,809 4,622,831 Total Liabilities 6,822,011 8,987,070 Deferred Inflows of Resources— Pensions 478,414 159,714 Net Position: Net Investment in Capital Assets 2,131,017 2,081,974 Unrestricted Net Assets (Deficit) (157,053) (669,338) Total Net Position $ 1,973,964 $ 1,412,636 The Statement of Activities presents information showing how the District's net position changed during the fiscal years. The focus is on both gross and net costs of various activities that are supported by the District's ad valorem tax and other revenues. Thus, revenues and expenses are reported in this Statement for some items that will only result in cash flows in a future fiscal period (e.g. uncollected taxes earned). This Statement is intended to summarize and simplify the user's analysis of the cost of various governmental services. An increase or decrease in net position may be an indication of whether the District's financial health is improving or deteriorating. 1 6 1 1 A 4 Immokalee Fire Control District Management's Discussion and Analysis September 30, 2017 Government-wide Financial Statements (Continued) The following reflects the revenues, expenses and changes in financial position for the years ended September 30: 2016 2017 Revenues: Program Fees $ 49,145 $ 32,718 Ad Valorem Taxes 2,552,794 2,994,850 Interest Income 22,977 27,467 Grant Revenue 962,772 1,276,664 Impact Fees 399,019 38,159 Other Revenue 226,171 57,268 Total Revenue 4,212,878 4,427,126 Expenses Public Safety Expenses 4,162,893 4,988,454 Change in Net Position 49,985 (561,328) Net Position —Beginning 1,923,979 1,973,964 Net Position - Ending of the fiscal year $ 1.973.964 $ 1.412,636 Both of the financial statements distinguish the functions of the District that are principally supported by ad valorem taxes and intergovernmental revenues. The governmental activities of the District are for public safety. General Revenues During fiscal year 2017, the District received $442,056 more in ad valorem tax dollars over the prior fiscal year due to an increase in assessable value of property within the District. This represents a 17% increase. Other revenues, however, decreased $227,808 net over the prior fiscal year due substantially to less allowable use of impact fees. During fiscal year 2016, the District received $260,868 more in ad valorem tax dollars over the prior fiscal year due to an increase in assessable value of property within the District. This represents an 11% increase. Other revenues, however, decreased $434,134 net over the prior fiscal year due to less use of impact fees. Expenses During the fiscal year of 2016 expenses increased by$1,304,731 vs. the prior fiscal year due to increases in costs. These costs included an increase in wages, retirement contribution, health insurance, pension liability, and an increase depreciation expense. iii 1611A4 Immokalee Fire Control District Management's Discussion and Analysis September 30, 2017 Government-wide Financial Statements (Continued) During the fiscal year of 2017 expenses increased by $825,561 vs. the prior fiscal year due to increases in operating costs. These costs included an increase of $506,368 in retirement expense, approximately $250,000 in overtime and sick time, approximately $100,000 in health insurance and $50,000 in repairs and increased depreciation expense of $191,685. Net Position During fiscal year 2017, net position decreased by ($561,328). During fiscal year 2016, net position increased by $49,985. Liabilities There continues to be no long term debt. 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 District uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements. Governmental Funds Governmental funds are used to account for essentially the same functions reported as governmental activities in the government-wide financial statements. However, unlike the government-wide financial statements, governmental fund financial statements focus on the short-term inflows and outflows of spendable resources, as well as on balances of spendable resources available at the end of the fiscal year. Both the governmental fund balance sheet and the governmental fund statement of revenues, expenditures, and changes in fund balance provide a reconciliation to facilitate the comparison between governmental funds and governmental activities. The District maintains two governmental funds, the General Fund and the Special Revenue Fund for impact fees. Each fund's activity is presented separately in the governmental fund balance sheet and in the governmental fund statement of revenues, expenditures, and changes in fund balances. These statements can be found on pages 6 and 8 of this report. iv 1 6 1 1 A 4 Immokalee Fire Control District Management's Discussion and Analysis September 30, 2017 Notes to the Basic Financial Statements The notes provide additional information that is essential to a full understanding of the data provided in the government-wide and fund financial statements and can be found beginning on page 10 of this report. General Fund Budgetary Highlights The District adopts an annual appropriated budget for each of its governmental funds. The actual ad valorem revenues were approximately ($3,912) less than budgeted due to various factors. The actual expenditures in the General Fund were $1,715,665 less than the final amended budget. The actual expenditures were less than budget in general due to not having to use any reserves to cover expenditures. Capital Assets The following is a schedule of the District's capital assets at September 30: Capital Assets September 30 2016 2017 Capital Assets not being depreciated: Land $ 114,916 $ 114,916 Construction in progress 225,243 229,638 Total Capital Assets not being deprecia 340,159 344,554 Capital Assets being depreciated: Buildings and building improvements 455,967 455,967 Machinery& equipment 1,080,037 1,368,178 Vehicles 2,962,609 2,962,609 Total Capital Assets being depreciated 4,498,613 4,786,754 Less: Accumulated Depreciation (2,707,755) (3,049,334) Capital Assets, being depreciated, net 1,790,858 1,737,420 v 1 6 1 1 A 4 Immokalee Fire Control District Management's Discussion and Analysis September 30, 2017 The District purchased capital assets during the year ended September 30, 2017 in the amount of $292,536 which consisted of various new equipment. During the year ended September 30, 2016, the District purchased capital assets of $479,653 which consisted of construction in progress of $212,803 related to a new station, $143,786 in vehicles and $123,064 in equipment. The following is a summary of changes in long-term liabilities for the year ended September 30: 2016 2017 Net pension liability- FRS 2,389,598 3,408,712 Net pension liability- HIS 602,350 636,395 Compensated absences 374,551 374,299 Net OPEB obligation 179,310 203,425 $ 3,545,809 $ 4,622,831 Economic Factors and Next Year's Budget Rates The following were factors considered when next year's budget (2017-2018) was prepared: • The estimated property taxes increased by approximately $346,296 or 12%for budgeting purposes for 2018 as compared to 2017. The millage rate stayed consistent at 3.75 mills for the fiscal year ending September 30, 2018. The District has been awarded the Federal SAFER Grant to help fund personnel costs; the grant ended early FY 18. The District has reapplied for the grant but will not know if it was awarded for several months. The District intends to retain all personnel until it learns if it was awarded the SAFER Grant. Request for information This financial report is designed to provide the reader an overview of the District. Questions regarding any information provided in this report should be directed to: Immokalee Fire Control District, 502 East New Market Road, Immokalee, Florida 34142, attention Michael Choate, Fire Chief, telephone (239) 657-2111. vi 1 6 1 1 A 4 IMMOKALEE FIRE CONTROL DISTRICT Page 4 of 69 STATEMENT OF NET POSITION September 30,2017 Governmental Activities ASSETS Current assets: Cash and cash equivalents $ 1,783,979 Restricted cash and cash equivalents 3,966,296 Due from other governments,including restricted amount of$163,575 270,261 Deposits - Prepaid expenses 66,770 Total current assets 6,087,306 Noncurrent assets: Capital assets: Land 114,916 Construction in progress 229,638 Depreciable buildings,equipment and vehicles (net of$3,022,131 accumulated depreciation) 1,737,420 Total noncurrent assets 2,081,974 TOTAL ASSETS 8,169,280 DEFERRED OUTFLOWS OF RESOURCES-PENSIONS 2,390,140 LIABILITIES Current liabilities: Accounts payable 76,876 Accrued liabilities 119,501 Unearned revenue-impact fees 4,147,807 Due to other governments 20,055 Current portion of long-term obligations - Total current liabilities 4,364,239 Noncurrent liabilities: Noncurrent portion of long-term obligations 4,622,831 TOTAL LIABILITIES 8,987,070 DEFERRED INFLOWS OF RESOURCES-PENSIONS 159,714 NET POSITION Net investment in capital assets 2,081,974 Restricted - Unrestricted(deficit) (669,338) TOTAL NET POSITION $ 1,412,636 The accompanying notes are an integral part of this statement. 1 6 1 1 A 4 IMMOKALEE FIRE CONTROL DISTRICT Page 5 of 69 STATEMENT OF ACTIVITIES Year Ended September 30,2017 Governmental Activities EXPENSES Governmental Activities Public Safety-Fire Protection Personnel services $ 3,837,657 Operating expenses 809,218 Depreciation 341,579 Interest and fiscal charges - TOTAL EXPENSES-GOVERNMENTAL ACTIVITIES 4,988,454 PROGRAM REVENUES Charges for services 32,718 Operating/capital grants and contributions 1,276,664 TOTAL PROGRAM REVENUES 1,309,382 NET PROGRAM EXPENSES 3,679,072 GENERAL REVENUES Ad Valorem taxes 2,994,850 Impact fees 38,159 Interest 27,467 Loss on disposition of capital assets - Other 57,268 TOTAL GENERAL REVENUES 3,117,744 DECREASE IN NET POSITION (561,328) NET POSITION-Beginning of year 1,973,964 NET POSITION-End of the year $ 1,412,636 The accompanying notes are an integral part of this statement. 1611x4 IMMOKALEE FIRE CONTROL DISTRICT Page 6 of 69 BALANCE SHEET-GOVERNMENTAL FUNDS September 30,2017 Total General Impact Fee Governmental Fund Fund Funds ASSETS Cash and cash equivalents $ 1,783,979 $ - $ 1,783,979 Restricted cash and cash equivalents - 3,966,296 3,966,296 Due from other governments 106,686 163,575 270,261 Due from other funds - 18,456 18,456 Deposits - - - Prepaid expenditures 66,770 - 66,770 TOTAL ASSETS $ 1,957,435 $ 4,148,327 $ 6,105,762 LIABILITIES AND FUND BALANCE LIABILITIES Accounts payable $ 76,356 $ 520 $ 76,876 Accrued liabilities 119,501 - 119,501 Due to other funds 18,456 - 18,456 Due to other governments 20,055 - 20,055 Unearned revenue-impact fees - 4,147,807 4,147,807 TOTAL LIABILITIES 234,368 4,148,327 4,382,695 FUND BALANCE Nonspendable 66,770 - 66,770 Assigned 1,455,453 - 1,455,453 Unassigned 200,844 - 200,844 TOTAL FUND BALANCE 1,723,067 - 1,723,067 TOTAL LIABILITIES AND FUND BALANCE $ 1,957,435 $ 4,148,327 $ 6,105,762 The accompanying notes are an integral part of this statement. 1 6 I 1 A 4 IMMOKALEE FIRE CONTROL DISTRICT Page 7 of 69 RECONCILIATION OF THE BALANCE SHEET-GOVERNMENTAL FUNDS TO THE STATEMENT OF NET POSITION September 30,2017 Amount Total fund balance for governmental funds $ 1,723,067 Amounts reported for governmental activities in the statement of net position are different because: Capital assets used in governmental activities are not financial resources and,therefore,are not reported in the governmental funds. Capital assets not being depreciated: Land 114,916 Construction in progress 229,638 344,554 Governmental capital assets being depreciated: Building,Equipment and Vehicles 4,759,551 Less accumulated depreciation (3,022,131) 1,737,420 Deferred outflows and deferred inflows related to pensions are applied to future periods and,therefore,are not reported in the governmental funds. Deferred outflows related to pensions 2,390,140 Deferred inflows related to pensions (159,714) 2,230,426 Long-term liabilities are not due and payable in the current period and,therefore,are not reported in the funds. Net pension liability-pension FRS (3,408,712) Net pension liability-HIS (636,395) Compensated absences (374,299) Net OPEB obligation (203,425) (4,622,831) Elimination of interfund amounts: Due from other funds 18,456 Due to other funds (18,456) Total net position of governmental activities $ 1,412,636 The accompanying notes are an integral part of this statement. 1 6 I 1 A 4 IMMOKALEE FIRE CONTROL DISTRICT Page 8 of 69 STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCE-GOVERNMENTAL FUNDS Year Ended September 30,2017 Impact Total General Fee Governmental Fund Fund Funds REVENUES Ad Valorem taxes $ 2,994,850 $ - $ 2,994,850 Intergovernmental revenues: Federal public safety grants-SAFER/AFG 1,262,651 - 1,262,651 State grant 9,525 - 9,525 State firefighter supplemental 4,488 - 4,488 Fees: Inspection fees 29,394 - 29,394 Impact fees - 38,159 38,159 Public safety services 3,324 - 3,324 Miscellaneous: Interest 10,157 17,310 27,467 Other 57,268 - 57,268 TOTAL REVENUES 4,371,657 55,469 4,427,126 EXPENDITURES Current Public safety Personnel services 3,307,426 - 3,307,426 Operating expenditures 799,166 10,052 809,218 Capital outlay 247,119 45,417 292,536 Debt service Principal reduction - - - Interest and fiscal charges - - - TOTAL EXPENDITURES 4,353,711 55,469 4,409,180 EXCESS OF REVENUES OVER EXPENDITURES 17,946 - 17,946 OTHER FINANCING SOURCES(USES) Operating transfers in - - - Operating transfers out - - - Proceeds from disposition of capital assets - - - TOTAL OTHER FINANCING SOURCES(USES) - - - NET CHANGE IN FUND BALANCE 17,946 - 17,946 FUND BALANCE-Beginning of the year 1,705,121 - 1,705,121 FUND BALANCE-End of the year $ 1,723,067 $ - $ 1,723,067 The accompanying notes are an integral part of this statement. 1 6 1 1 A 4 IMMOKALEE FIRE CONTROL DISTRICT Page 9 of 69 RECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE- GOVERNMENTAL FUNDS TO THE STATEMENT OF ACTIVITIES Year Ended September 30,2017 Amount Net change(excess of revenues over(under)expenditures) in fund balance-total governmental funds $ 17,946 The decrease(change)in net position reported for governmental activities in the statement of activities is different because: Governmental funds report capital outlays as expenditures. However,in the Statement of Activities,the cost of those assets is allocated over their estimated useful lives and reported as depreciation expense. Plus:Expenditures for capital assets 292,536 Less:proceeds from disposition of capital assets - Plus:gain on disposition of capital assets - Less:loss on disposition of capital assets - Less:current year depreciation (341,579) (49,043) The issuance of debt is reported as a financing source in governmental funds and thus contributes to the change in fund balance. In the Statement of Net Position,however,issuing debt increases long-term liabilities and does not affect the Statement of Activities. Similarly,repayment of principal is an expenditure in the governmental funds but reduces the liability in the Statement of Net Position. Repayments(principal retirement): Note payable _ Some expenses reported in the Statement of Activities do not require the use of current financial resources and,therefore,are not reported as expenditures in the governmental funds. Increase(decrease)in deferred outflows 228,091 (increase)decrease in deferred inflows 318,700 (Increase)decrease in net pension liability-pension(FRS) (1,019,1 14) (Increase)decrease in net pension liability-HIS (34,045) (Increase)decrease in compensated absences,net 252 (Increase)decrease in net OPEB obligation (24,115) (530,231) Decrease in net position of governmental activities $ (561,328) The accompanying notes are an integral part of this statement. 1 6 1 1 A 4 IMMOKALEE FIRE CONTROL DISTRICT Page 10 of 69 NOTES TO THE FINANCIAL STATEMENTS September 30,2017 NOTE A- ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Organization Immokalee Fire Control District(the "District"),is an independent special district established on May 3, 1955 by Laws of Florida, Chapter 55-30666, as amended. The District has the general and specific powers prescribed by Florida Statutes Chapters 189, 633 and Chapter 191. Laws of Florida,Chapter 2000-393 codified, reenacted,amended and repealed its prior enabling acts. Also, as a result of Laws of Florida,Chapter 2000-393,the District's name was changed from Immokalee Fire Control and Rescue District to Immokalee Fire Control District. Laws of Florida, Chapter 2001-330 amended Laws of Florida, Chapter 2000-393 and authorized the District to levy impact fees on new construction within the District. During January 2012,the voters within the District passed a referendum increasing the District's millage cap from 3 mills to 3.75 mills effective for the year ended September 30, 2013. The District was created for the purpose of providing fire control and protection services as well as crash and rescue services for a designated area in eastern Collier County. The District operates three(3)station houses and has approximately 42 employees including volunteers. The District is governed by an elected five(5)member Board of Commissioners serving staggered four(4) year terms. Summary of Significant Accounting Policies The following is a summary of the significant accounting policies used in the preparation of these basic financial statements. Reporting Entity The District adheres to Governmental Accounting Standards Board(GASB) Statement Number 14, "Financial Reporting Entity" (GASB 14),as amended by GASB Statement Number 39, "Determining Whether Certain Organizations Are Component Units" (GASB 39)and GASB Statement Number 61, "The Financial Reporting Entity: Omnibus-An Amendment of GASB Statements No. 14 and No. 34" (GASB 61). These statements require the basic financial statements of the District(the primary government)to include its component units,if any. A component unit is a legally separate organization for which the elected officials of the primary government are financially accountable. Based on the criteria established in GASB Statement No. 14,as amended, there are no component units required to be included or included in the District's basic financial statements. 1 6 1 1 A 4 IMMOKALEE FIRE CONTROL DISTRICT Page 11 of 69 NOTES TO THE FINANCIAL STATEMENTS September 30,2017 NOTE A • ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES,CONTINUED The basic financial statements of the District are comprised of the following: -Government-wide financial statements -Fund financial statements -Notes to the financial statements Government-wide Financial Statements The government-wide financial statements (i.e., the Statement of Net Position and the Statement of Activities)report information on all of the activities of the District and do not emphasize fund types. These governmental activities comprise the primary government. General governmental and intergovernmental revenues support the governmental activities. The purpose of the government-wide financial statements is to allow the user to be able to determine if the District is in a better or worse financial position than the prior year. The effect of all interfund activity between governmental funds has been removed from the government-wide financial statements. Government-wide financial statements are reported using the economic resources measurement focus and the accrual basis of accounting. Under the accrual basis of accounting,revenues,expenses,gains, losses,assets, and liabilities resulting from exchange and exchange-like transactions are recognized when the exchange takes place. Revenues,expenses,gains,losses,assets, and liabilities resulting from nonexchange transactions are recognized in accordance with the requirements of GASB Statement Number 33, "Accounting and Financial Reporting for Nonexchange Transactions" (GASB 33). Amounts paid to acquire capital assets are capitalized as assets in the government-wide financial statements, rather than reported as expenditures. Proceeds of long-term debt are recorded as liabilities in the government-wide financial statements,rather than as other financing sources. Amounts paid to reduce long-term indebtedness of the reporting government are reported as a reduction of the related liability in the government-wide financial statements,rather than as expenditures. 1 6 1 1 A 4 IMMOKALEE FIRE CONTROL DISTRICT Page 12 of 69 NOTES TO THE FINANCIAL STATEMENTS September 30,2017 NOTE A • ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES,CONTINUED Government-wide Financial Statements,continued The Statement of Activities demonstrates the degree to which the direct expenses of a given function are offset by program revenues. Direct expenses are those that are clearly identifiable with a specific function or segment. Program revenues include: 1) charges to customers or applicants who purchase, use or directly benefit from goods, services,or privileges provided by a given function and 2)grants and contributions that are restricted to meeting the operational or capital improvements of a particular function. Taxes and other items not properly included among program revenues are reported instead as general revenues. Program revenues are considered to be revenues generated by services performed and/or by fees charged such as inspection fees. Capital grant revenues are grants from other governmental entities restricted for the purchase of specific capital assets. Fund Financial Statements The District adheres to GASB Statement Number 54, "Fund Balance Reporting and Governmental Fund Type Definitions" (GASB 54). The accounts of the District are organized on the basis of funds, each of which is considered a separate accounting entity. The operations of each fund are accounted for with a separate set of self-balancing accounts that comprise its assets,liabilities, fund equity or retained earnings,revenues,and expenditures or expenses,as appropriate. Government resources are allocated to and accounted for in individual funds based upon the purpose for which they are to be spent and the means by which spending activities are controlled. Fund financial statements for the District's governmental funds are presented after the government-wide financial statements. These statements display information about major funds individually and nonmajor funds,in aggregate,for governmental funds. 1 6 1 1 A 4 IMMOKALEE FIRE CONTROL DISTRICT Page 13 of 69 NOTES TO THE FINANCIAL STATEMENTS September 30,2017 NOTE A• ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES,CONTINUED Governmental Funds When both restricted and unrestricted resources are combined in a fund, expenditures are considered to be paid first from restricted resources,as appropriate,and then from unrestricted resources. Governmental fund financial statements are reported using the current financial resources measurement focus and the modified accrual basis of accounting. Revenues are considered to be available when they are collected within the current period or soon enough thereafter to pay liabilities of the current period. The District's major funds are presented in separate columns on the governmental fund financial statements. The definition of a major fund is one that meets certain criteria set forth in GASB Statement Number 34, "Basic Financial Statements -and Management's Discussion and Analysis-for State and Local Governments" (GASB 34). The funds that do not meet the criteria of a major fund are considered non-major funds and are combined into a single column on the governmental fund financial statements. Separate financial statements are provided for governmental funds. Major individual governmental funds are reported in separate columns on the fund financial statements. Measurement Focus and Basis of Accounting Basis of accounting refers to when revenues and expenditures, or expenses, are recognized in the accounts and reported in the basic financial statements. Basis of accounting relates to the timing of the measurements made,regardless of the measurement focus applied. The government-wide financial statements are reported using the economic resources measurement focus and the accrual basis of accounting. Revenues are recorded when earned and expenses are recorded when a liability is incurred, regardless of the timing of related cash flows. Property taxes are recognized as revenues in the year for which they are levied. Grants and similar items are recognized as revenue as soon as all eligibility requirements have been met. 1 6 1 1 A 4 IMMOKALEE FIRE CONTROL DISTRICT Page 14 of 69 NOTES TO THE FINANCIAL STATEMENTS September 30,2017 NOTE A- ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES,CONTINUED Measurement Focus and Basis of Accounting,continued Governmental fund financial statements are reported using the current financial resources measurement focus and the modified accrual basis of accounting. Revenues are recognized as soon as they are both measurable and available. Revenues are considered to be available when they are collectible within the current period and soon enough thereafter to pay liabilities of the current period. For this purpose, the District considers tax revenues to be available if they are collected within sixty days of the end of the current fiscal period. Revenues susceptible to accrual are property taxes, interest on investments, and intergovernmental revenues. Property taxes are recorded as revenues in the fiscal year in which they are levied,provided they are collected in the current period or within sixty days thereafter. Interest on invested funds is recognized when earned. Intergovernmental revenues that are reimbursements for specific purposes or projects are recognized when all eligibility requirements are met. Expenditures are generally recognized under the modified accrual basis of accounting when the related fund liability is incurred. Exceptions to this general rule include: (1) principal and interest on the long-term debt,if any,which is recognized when due; and(2)expenditures are generally not divided between years by the recording of prepaid expenditures. When both restricted and unrestricted resources are available for use,it is the District's policy to use restricted resources first, then unrestricted resources as they are needed. Separate financial statements are provided for governmental funds. Non-current Government Assets/Liabilities GASB 34 requires non-current governmental assets, such as land and buildings, and non-current governmental liabilities, such as notes payable and capital leases,to be reported in the governmental activities column in the government-wide Statement of Net Position. 1 6 I 1 A 4 IMMOKALEE FIRE CONTROL DISTRICT Page 15 of 69 NOTES TO THE FINANCIAL STATEMENTS September 30,2017 NOTE A A . ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES,CONTINUED Major Funds The District reports the following major governmental funds: The General Fund is the District's primary operating fund. It accounts for all financial resources of the District,except those required to be accounted for in the Impact Fee Fund. The Impact Fee Fund consists of fees imposed and collected by Collier County based on new construction within the District. The fees are restricted and can only be used for certain capital expenditures and/or the related debt associated with growth within the District. Budgetary Information The District has elected to report budgetary comparison of major funds as required supplementary information(RSI). Investments The District adheres to the requirements of Governmental Accounting Standards Board(GASB)Statement Number 31, "Accounting and Financial Reporting for Certain Investments and for External Investment Pools" (GASB 31),in which all investments are reported at fair value. The District held no investments at September 30, 2017. Capital Assets Capital assets,which include land,construction in progress, buildings, equipment and machinery and vehicles are reported in the government-wide financial statements in the Statement of Net Position. The District follows a capitalization policy which calls for capitalization of all fixed assets that have a cost or donated value of$500 or more and have a useful life in excess of one year. 1 6 1 1 A 4 IMMOKALEE FIRE CONTROL DISTRICT Page 16 of 69 NOTES TO THE FINANCIAL STATEMENTS September 30,2017 NOTE A- ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES,CONTINUED Capital Assets,continued All capital assets are valued at historical cost,or estimated historical cost if actual historical cost is not available. Donated capital assets are valued at their estimated fair market value on the date donated. Public domain(infrastructure)capital assets consisting of certain improvements other than building,including curbs,gutters and drainage systems,are not capitalized,as the District generally does not acquire such assets. No debt-related interest expense is capitalized as part of capital assets in accordance with GASB 34. Maintenance,repairs and minor renovations are not capitalized. The acquisition of land and construction projects utilizing resources received from Federal and State agencies are capitalized when the related expenditure is incurred. Expenditures that materially increase values,change capacities, or extend useful lives are capitalized. Upon sale or retirement,the cost is eliminated from the respective accounts. Expenditures for capital assets are recorded in the fund statements as current expenditures. However, such expenditures are not reflected as expenses in the government-wide statements,but rather are capitalized and depreciated. Depreciable capital assets are depreciated using the straight-line method over the following estimated useful lives: Asset Years Buildings 30 Equipment and Machinery 3-20 Vehicles 4-10 1 6 1 1 A 4 IMMOKALEE FIRE CONTROL DISTRICT Page 17 of 69 NOTES TO THE FINANCIAL STATEMENTS September 30,2017 NOTE A - ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES,CONTINUED Budgets and Budgetary Accounting The District has adopted an annual budget for the General Fund. The District has also adopted an annual budget for its Special Revenue Fund, the Impact Fee Fund. The District follows these procedures in establishing budgetary data for the General Fund and the Impact Fee Fund: 1. During the summer of each year,the District Fire Chief submits to the Board of Commissioners a proposed operating budget for the fiscal year commencing on the upcoming October 1. The operating budget includes proposed expenditures and the means of financing them. 2. Public hearings are conducted to obtain taxpayer comments. 3. The budget is adopted by approval of the Board of Commissioners. 4. Budget amounts, as shown in these financial statements, are as originally adopted or as amended by the Board of Commissioners. 5. The budget is adopted on a basis consistent with accounting principles generally accepted in the United States of America. 6. The level of control for appropriations is exercised at the fund level. 7. Appropriations lapse at year-end. The District did amend the General Fund budget during the year ended September 30, 2017. The District did not amend the Impact Fee Fund budget during the year ended September 30,2017. 1 6 1 1 A 4 IMMOKALEE FIRE CONTROL DISTRICT Page 18 of 69 NOTES TO THE FINANCIAL STATEMENTS September 30,2017 NOTE A A . ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES,CONTINUED Impact Fees/Deferred Revenue Through an inter-local agreement,the District levies an impact fee on new construction within the District. The intent of the fee is for growth within the District to pay for capital improvements needed due to the growth. The fee is collected by Collier County and is remitted to the District. The fee is refundable if not expended by the District within a reasonable period from the date of collection. The District, therefore, records this fee as restricted cash and as deferred revenue until the date of expenditure, at which time it is recognized as revenue and charged to capital outlay in the fund financial statements and capita] assets in the government-wide financial statements. Due To/From Other Funds Interfund receivables and payables arise from interfund transactions and are recorded in the fund statements by funds affected in the period in which transactions are executed. Due From Other Governments No allowance for losses on uncollectible accounts has been recorded since the District considers all amounts to be fully collectible. Compensated Absences The District's employees accumulate annual leave,based on the number of years of continuous service. Upon termination of employment,employees can receive payment of accumulated annual leave,if certain criteria are met. The costs of sick, vacation and personal leave benefits(compensated absences)are expended in the respective operating funds when payments are made to employees. However, the liability for all accrued sick,vacation and personal leave benefits is recorded in the government-wide Statement of Net Position. Encumbrances Encumbrance accounting,under which purchase orders,contracts and other commitments for the expenditure of monies are recorded in order to reserve that portion of the applicable appropriation, is not employed by the District because, at present, it is not necessary in order to assure effective budgetary control or to facilitate effective cash planning and control. 16 % 1A4 IMMOKALEE FIRE CONTROL DISTRICT Page 19 of 69 NOTES TO THE FINANCIAL STATEMENTS September 30,2017 NOTE A- ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES,CONTINUED Management 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 amounts of assets, liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenditures during the reporting period. Actual results could differ from those estimates. Net Position In the government-wide financial statements,no net position has been identified as restricted. Restricted net position reflects those net assets that have constraints as to their use externally imposed by creditors,through debt covenants,by grantors,or by law. Fund Balances The governmental fund financial statements the District maintains may include nonspendable,restricted,committed, assigned and unassigned fund balances. Nonspendable fund balances are those that cannot be spent because they are either (a)not in spendable form or(b)legally or contractually required to be maintained intact. Criteria include items that are not expected to be converted into cash,for example prepaid expenses. Restricted fund balance consists of amounts that can be spent only on specific purposes stipulated by constitutional provisions or enabling legislation or externally imposed by creditors, grantors,contributors,or laws or regulations of other governments. The District maintained no restricted fund balances at September 30, 2017. Committed fund balance consists of amounts that represent resources whose use is constrained by limitations the Board(highest decision making) imposes upon itself. These constraints made by the Board remain binding unless removed in the same manner. The District maintained no committed fund balance at September 30, 2017. 1 6 1 1 A 4 IMMOKALEE FIRE CONTROL DISTRICT Page 20 of 69 NOTES TO THE FINANCIAL STATEMENTS September 30,2017 NOTE A - ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES,CONTINUED Fund Balances,continued Assigned fund balance represents the portion of fund balance that reflects the District's intended use of resources. Such intent can only be established by the Board. The District maintained assigned fund balance totaling$1,455,453 for various uses at September 30, 2017. The Board's minimum fund balance policy is to maintain not less than three (3)months budgeted expenditures in assigned fund balance as well as other specifically assigned amounts. Unassigned fund balance is the portion of fund balance representing resources in excess of what can properly be classified in one of the other categories. Interfund Transactions The District considers interfund receivables(due from other funds)and interfund liabilities (due to other funds)to be loan transactions to and from other funds to cover temporary(three months or less)cash needs. Transactions that constitute reimbursements to a fund for expenditures initially made from it that are properly applicable to another fund are recorded as expenditures in the reimbursing funds and as reduction of expenditures in the fund that is reimbursed. Pensions In the government-wide Statement of Net Position,liabilities are recognized for the District's proportionate share of each pension plan's net pension liability.For purposes of measuring the net pension liability,deferred outflows of resources and deferred inflows of resources related to pensions, and pension expense, information about the fiduciary net position of the Florida Retirement System(FRS) and the Health Insurance Subsidy(HIS)defined benefit plans and additions to/deductions from fiduciary net position have been determined on the same basis as they are reported by the Plans. For this purpose,benefit payments,(including refunds of employees contributions)are recognized when due and payable in accordance with the benefit terms. The District's retirement plans and related amounts are described in a subsequent note. 1 6 1 1 A 4 IMMOKALEE FIRE CONTROL DISTRICT Page 21 of 69 NOTES TO THE FINANCIAL STATEMENTS September 30,2017 NOTE A - ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES,CONTINUED Deferred Outflows/Inflows of Resources In addition to assets,the Statement of Net Position reports 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 future periods and so will not be recognized as an outflow of resources (expense/expenditure)until then. The deferred amount on pensions is reported in the government-wide Statement of Net Position. The deferred outflows of resources related to pensions are discussed in a subsequent note. In addition to liabilities,the Statement of Net Position reports 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 a future period and so will not be recognized as an inflow of resources(revenue)until that time. The deferred amount on pensions is reported only in the government-wide Statement of Net Position. A deferred amount on pension results from the difference in the expected and actual amounts of experience,earnings, and contributions. This amount is deferred and amortized over the service life of all employees that are provided with pensions through the pension plan except earnings which are amortized over five to seven years. Subsequent Events Subsequent events have been evaluated through April 17, 2018,which is the date the financial statements were available to be issued. NOTE B - CASH AND CASH EQUIVALENTS At September 30, 2017,cash and cash equivalents were$5,750,275,which included unrestricted cash of$1,783,979 in the General Fund(including petty cash of $100)and restricted cash of$3,966,296, which was held in the Impact Fee Fund. Restricted cash is comprised of impact fees which are restricted for capital asset acquisition and/or improvement due to growth within the District. 1 6 1 1 A 4 IMMOKALEE FIRE CONTROL DISTRICT Page 22 of 69 NOTES TO THE FINANCIAL STATEMENTS September 30,2017 NOTE B- CASH AND CASH EQUIVALENTS,CONTINUED Deposits The District's deposit policy allows deposits to be held in demand deposit or money market accounts and other investments per Florida Statutes,Chapter 218.415(17). All District deposits were held in a financial institution designated as a qualified depository by the State Treasurer. At September 30, 2017,the carrying amounts of the District's deposits were $1,783,879 and$3,966,296 in the General Fund and the Impact Fee Fund, respectively. At September 30, 2017,bank balances were$1,860,287 and $3,967,411 in the General Fund and Impact Fee Fund, respectively. These deposits were entirely insured by federal depository insurance or by collateral pursuant to the Public Depository Security Act(Florida Statute 280)of the State of Florida. NOTE C - DUE TO/FROM OTHER GOVERNMENTS Due from other governments at September 30,2017, are as follows: Description General Fund Collier County Tax Collector S 20,111 U.S.Department of Homeland Security FEMA-SAFER-Hiring Grant(CFDA 97.83) 78,959 FEMA-SAFER-Hiring Grant(CFDA 97.83) 7,616 106,686 Impact Fee Fund Collier County - 163,575 $ 270,261 NOTE D• DUE TO/FROM OTHER FUNDS Interfund receivables and payables at September 30, 2017, are as follows: Due From Due To Other Funds Other Funds General Fund: Impact Fee $ - $ 18,456 Total General Fund - 18,456 Special Revenue Fund: Impact Fee: General 18,456 - Total Special Revenue Fund 18,456 - Total $ 18,456 S 18,456 Interfund receivables and payables were eliminated for presentation purposes in the Statement of Net Position at September 30,2017. 16 % 1A4 IMMOKALEE FIRE CONTROL DISTRICT Page 25 of 69 NOTES TO THE FINANCIAL STATEMENTS September 30,2017 NOTE G- RETIREMENT PLAN- DEFINED BENEFIT PENSION PLAN General Information about the Florida Retirement System The Florida Retirement System("FRS")was created in Chapter 121,Florida Statutes. The FRS was created to provide a defined benefit pension plan("Pension Plan")for participating public employees. All District employees are participants in the Statewide Florida Retirement System (FRS)under authority of Article X, Section 14 of the State Constitution and Florida Statutes, Chapters 112 and 121. The FRS was amended in 1998 to add the Deferred Retirement Option Program("DROP") under the defined benefit plan and amended in 2000 to provide an integrated defined contribution plan alternative to the defined benefit plan for FRS members effective July 1, 2002. This integrated defined contribution pension plan is the FRS Investment Plan. Chapter 112,Florida Statutes,established the Retiree Health Insurance Subsidy(HIS)Program, a separate cost-sharing, multiple-employer defined benefit pension plan to assist retired members of any State-administered retirement system in paying the costs of health insurance. Essentially all regular employees of the District are eligible to enroll as members of the State-administered FRS. Provisions relating to the FRS are established by Chapters 121 and 122, Florida Statutes;Chapter 112,Part IV,Florida Statutes;Chapter 238, Florida Statutes;and Florida Retirement System Rules, Chapter 60S,Florida Administrative Code;wherein eligibility,contributions,and benefits are defined and described in detail. Such provisions may be amended at any time by further action from the Florida Legislature. The FRS is a single retirement system administered by the Florida Department of Management Services,Division of Retirement, and consists of two cost-sharing, multiple-employer defined benefit plans(Pension and HIS Plans)and other nonintegrated programs. A comprehensive annual financial report of the FRS,which includes its financial statements,required supplementary information,actuarial report, and other relevant information dated June 30, 2017, is available from the Florida Department of Management Services'Website (www.dms.myflorida.com). The District's total pension expense, $916,968 for the year ended September 30, 2017,is recorded in the government-wide financial statements. Total District actual retirement contribution expenditures were$410,600,$394,512 and$255,412 for the years ended September 30, 2017, 2016 and 2015,respectively. The District contributed 100% of the required contributions. 1 6 1 1 A 4 IMMOKALEE FIRE CONTROL DISTRICT Page 23 of 69 NOTES TO THE FINANCIAL STATEMENTS September 30,2017 NOTE E- CAPITAL ASSETS ACTIVITY The following is a summary of changes in capital assets activity for the year ended September 30, 2017: Balance Balance October 1 Increases/ Decreases/ Adjustments/ September 30 2016 Additions Deletions Reclassifications 2017 Capital Assets Not Being Depreciated: Land $ 114,916 $ - $ - $ - $ 114,916 Construction in Progress 225,243 4.395 - - 229,638 Total Capital Assets Not Being Depreciated 340,159 4,395 - - 344,554 Capital Assets Being Depreciated: Buildings 455,967 - - - 455,967 Equipment&Machinery 1,080,037 288,141 (27,203) - 1,340,975 Vehicles 2,962,609 - - - 2,962,609 Total Capital Assets Being Depreciated 4,498,613 288.141 (27,203) - 4,759,551 Less Accumulated Depreciation: Buildings (315,092) (11,500) - - (326,592) Equipment&Machinery (589,050) (117,016) 27,203 - (678,863) Vehicles (1,803,613) (213,063) - - (2,016,676) Total Accumulated Depreciation (2,707,755) (341,579) 27,203 - (3,022,131) Total Capital Assets Being Depreciated,Net 1,790,858 (53,438) - - 1,737,420 Capital Assets,Net $ 2,131,017 $ (49,043) $ - $ - 2,081,974 Related debt - Net investment in capital assets $ 2.081,974 Depreciation expense was charged to the following functions during the year ended September 30,2017: Amount General Government $ 341,579 Total Depreciation Expense $ 341,579 1 6 1 1 A 4 IMMOKALEE FIRE CONTROL DISTRICT Page 24 of 69 NOTES TO THE FINANCIAL STATEMENTS September 30,2017 NOTE F- LONG-TERM LIABILITIES The following is a summary of changes in long-term liabilities for the year ended September 30, 2017: Balance Balance Amounts October 1 Retirements/ September 30 Due Within 2016 Additions Adjustments 2017 One Year Net pension liability-FRS $ 2,389,598 $ 1,019,114 $ - $ 3,408,712 $ Net pension liability-HIS 602,350 34,045 - 636,395 - Compensated Absences 374,551 - (252) 374,299 Net OPEB Obligation 179,310 24,115 - 203,425 - $ 3,545,809 $ 1,077,274 $ (252) $ 4.622,831 $ - The following is a summary of the long-term obligations at September 30,2017: Amount Net pension obligation-FRS pension plan. This amount is actuarially determined through calculation based upon the audited financial statements of the Florida Retirement Plan. $3,408,712 Net pension obligation-HIS plan. This amount is actuarially determined through calculation based upon the audited financial statements of the Florida Retirement Plan. 636,395 Non-current portion of compensated absences. Employees of the District are entitled to paid leave(sick,vacation and comp time) based on length of service and job classification. 374,299 Net OPEB obligation. Cumulative difference between annual OPEB cost and District payments toward the cost of post employment benefits other than pensions since GASB No,45 transition date of October 1,2011. 203,425 Total long-term liabilities 4,622,831 Current portion - Noncurrent portion $4,622,831 1 6 1 1 A 4 IMMOKALEE FIRE CONTROL DISTRICT Page 26 of 69 NOTES TO THE FINANCIAL STATEMENTS September 30,2017 NOTE G- RETIREMENT PLAN-DEFINED BENEFIT PENSION PLAN,CONTINUED FRS Pension Plan Plan Description. The FRS Pension Plan ("Plan")is a cost-sharing,multiple- employer defined benefit pension plan,with a Deferred Retirement Option Program (DROP)for eligible employees. The general classes of membership are as follows: Regular Class-Members of the FRS who do not qualify for membership in the other classes. Senior Management Service Class(SMSC)-Members in senior management level positions. Special Risk Class-Members who are employed as certified firefighters and meet the criteria to qualify for this class. Elected Officials -Members who are elected by the voters within the District boundaries. Employees enrolled in the Plan prior to July 1,2011, vest at six years of creditable service and employees enrolled in the Plan on or after July 1, 2011,vest at eight years of creditable service. All vested members,enrolled prior to July 1,2011, are eligible for normal retirement benefits at age 62 or at any age after 30 years of service,except for those members classified as special risk who are eligible for normal retirement benefits at age 55 or at any age after 25 years of service. All members enrolled in the Plan on or after July 1, 2011,once vested, are eligible for normal retirement benefits at age 65 or any time after 33 years of creditable service, except for members classified as special risk who are eligible for normal retirement benefits at age 60 or at any age after 30 years of service. Members of both Plans (Pension and HIS)may include up to 4 years of credit for military service toward creditable service. The Plan also includes an early retirement provision; however, there is a benefit reduction for each year a member retires before his or her normal retirement date. The Plan provides retirement, disability, death benefits, and annual cost of living adjustments to eligible participants. DROP, subject to provisions of Section 121.091,Florida Statutes,permits employees eligible for normal retirement under the Plan to defer receipt of monthly benefit payments while continuing employment with an FRS employer. An employee 1 6 1 1 A 4 IMMOKALEE FIRE CONTROL DISTRICT Page 27 of 69 NOTES TO THE FINANCIAL STATEMENTS September 30,2017 NOTE G- RETIREMENT PLAN-DEFINED BENEFIT PENSION PLAN,CONTINUED FRS Pension Plan,continued may participate in DROP for a period not to exceed 60 months after electing to participate. During the period of DROP participation,deferred monthly benefits are held in the FRS Trust Fund and accrue interest. The net pension liability does not include amounts for DROP participants, as these members are considered retired and are not accruing additional pension benefits. Benefits Provided. Benefits under the Plan are computed on the basis of age, and/or years of service,average final compensation,and credit service. Credit for each year of service is expressed as a percentage of the average final compensation. For members initially enrolled before July 1, 2011, the average final compensation is the average of the five highest fiscal years'earnings; for the members initially enrolled on or after July 1,2011, the average final compensation is the average of the eight highest fiscal years'earnings. The total percentage value of the benefit received is determined by calculating the total value of all service,which is based on retirement plan and/or the class to which the member belonged when the service credit was earned. Members are eligible for in-line-of-duty or regular disability and survivors' benefits. The following chart shows the percentage value of each year of service credit earned: Class,Initial Enrollment,and Retirement Age/Years of Service %Value Regular Class and elected members initially enrolled before July 1,2011 Retirement up to age 62,or up to 30 years of service 1.60 Retirement at age 63 or with 31 years of service 1.63 Retirement at age 64 or with 32 years of service 1.65 Retirement at age 65 or with 33 or more years of service 1.68 Regular Class and elected members initially enrolled on or after July I,2011 Retirement up to age 65 or up to 33 years of service 1.60 Retirement at age 66 or with 34 years of service 1.63 Retirement at age 67 or with 35 years of service 1.65 Retirement at age 68 or with 36 or more years of service 1.68 Special Risk Regular Service from December 1, 1970 through September 30, 1974 2.00 Service on or after October 1, 1974 3.00 Senior Management Service Class 2.00 Elected Officers'Class 3.00 1 6 1 1 A 4 IMMOKALEE FIRE CONTROL DISTRICT Page 28 of 69 NOTES TO THE FINANCIAL STATEMENTS September 30,2017 NOTE G- RETIREMENT PLAN-DEFINED BENEFIT PENSION PLAN,CONTINUED FRS Pension Plan,continued As provided in Section 121.101, Florida Statutes, if the member is initially enrolled in the FRS before July 1, 2011, and all service credit was accrued before July 1, 2011, the annual cost-of-living adjustment is 3 percent per year. If the member is initially enrolled before July 1, 2011, and has service credit on or after July 1, 2011, there is an individually calculated cost-of-living adjustment. The annual cost-of-living adjustment is a proportion of 3 percent determined by dividing the sum of the pre-July 2011 service credit by the total service credit at retirement multiplied by 3 percent. Plan members initially enrolled on or after July 1,2011, will not have a cost-of-living adjustment after retirement. Contributions. The Florida Legislature establishes contribution rates for participating employers and employees. Contribution rates during the year ended September 30, 2017 were as follows: Percent of Gross Salary' Class Employee Employer(1) Employer(3) Florida Retirement System,Regular 3.00 7.52 7.92 Florida Retirement System,Senior Management Service 3.00 21.77 22.71 Florida Retirement System,Special Risk 3.00 22.57 23.27 Deferred Retirement Option Program-Applicable to Members from All of the Above Classes 0.00 12.99 13.26 Florida Retirement System,Reemployed Retiree (2) N/A N/A Florida Retirement System.Elected Official 3.00 42.47 45.50 Notes: (I) Employer rates include 1.66 percent for the post employment health insurance subsidy. Also, employer rates,other than for DROP participants,include.06 percent for administrative costs for the Investment Plan. Rates for 7/1/16-6/30/17. (2) Contribution rates are dependent upon retirement class in which reemployed. (3) Employer rates include 1.66 percent for the post employment health insurance subsidy. Also, employer rates,other than for DROP participants,include.06 percent for administrative costs for the Investment Plan. Rates for 7/1/17-6/30/18. ' As defined by the Plan. 1 6 1 1 A 4 IMMOKALEE FIRE CONTROL DISTRICT Page 29 of 69 NOTES TO THE FINANCIAL STATEMENTS September 30,2017 NOTE G- RETIREMENT PLAN-DEFINED BENEFIT PENSION PLAN, CONTINUED FRS Pension Plan,continued Pension Liabilities,Pension Expense,and Deferred Outflows of Resources and Deferred Inflows of Resources Related to the Pension Plan. At September 30, 2017, the District reported a pension liability of$3,408,712 for its proportionate share of the net pension liability.The net pension liability was measured as of June 30, 2017, and the total pension liability used to calculate the net pension liability was determined by an actuarial valuation as of July 1, 2017. The District's proportionate share of the net pension liability was based on the District's 2016-17 fiscal year contributions relative to the total 2016-17 fiscal year contributions of all participating members. At September 30, 2017,the District's proportionate share was.011523968 percent, which was an increase of.002060242 percent from its proportionate share measure as of September 30, 2016. For the year ended September 30,2017,the District recognized a pension expense of$852,780. In addition, the District reported deferred outflows of resources and deferred inflows of resources related to the pension from the following sources: Deferred Outflows Deferred Inflows Description of Resources of Resources Differences between expected and actual experience $ 312,838 $ 18,883 Change of assumptions 1,145,567 Net difference between projected and actual earnings on pension plan investments - 84,476 Changes in proportion and differences between District contributions and proportionate share of contributions 612,786 - District contributions subsequent to the measurement date 65,841 - Total $ 2,137,032 $ 103,359 1 6 1 1 A 4 IMMOKALEE FIRE CONTROL DISTRICT Page 30 of 69 NOTES TO THE FINANCIAL STATEMENTS September 30,2017 NOTE G - RETIREMENT PLAN-DEFINED BENEFIT PENSION PLAN,CONTINUED FRS Pension Plan,continued The deferred outflows of resources related to the FRS pension,totaling$65,841, resulting from District contributions subsequent to the measurement date, will be recognized as a reduction on the net pension liability in the fiscal year ended September 30, 2018. Other amounts reported as deferred outflows of resources and deferred inflows of resources related to the pension will be recognized in pension expense over the remaining service period of 6.4 years as follows: Fiscal Years Ending September 30 Amount 2018 $ 358,938 2019 358,938 2020 358,938 2021 358,938 2022 380,057 Thereafter 152,023 Total $ 1,967,832 Actuarial Assumptions. The total pension liability in the July 1, 2017, actuarial valuation was determined using the following actuarial assumptions,applied to all periods included in the measurement: Inflation 2.60 percent Real payroll growth 0.65 percent Salary increases 3.25 percent, average, including inflation Investment rate of return 7.10 percent, net of pension plan investment expense, including inflation Mortality rates were based on the Generational RP-2000 with Projection Scale BB. The actuarial assumptions used in the July 1,2017, valuation were based on the results of an actuarial experience study for the period July 1, 2008 through June 30, 2013. 161 1A4 IMMOKALEE FIRE CONTROL DISTRICT Page 31 of 69 NOTES TO THE FINANCIAL STATEMENTS September 30,2017 NOTE G - RETIREMENT PLAN-DEFINED BENEFIT PENSION PLAN, CONTINUED FRS Pension Plan,continued The long-term expected rate of return on pension plan investments was not based on historical returns,but instead is based on a forward-looking capital market economic model. The allocation policy's description of each asset class was used to map the target allocation to the asset classes shown below. Each asset class assumption is based on a consistent set of underlying assumptions, and includes an adjustment for the inflation assumption. The target allocation and best estimates of arithmetic and geometric real rates of return for each major asset class are summarized in the following table: Compound Annual Annual Target Arithmetic (Geometric) Standard Asset Class Allocation(1) Return Return Deviation Cash 1.00% 3.0% 3.0% 1.8% Fixed income 18.00% 4.5% 4.4% 4.2% Global equity 53.00% 7.8% 6.6% 17.0% Real estate(property) 10.00% 6.6% 5.9% 12.8% Private equity 6.00% 11.5% 7.8% 30.0% Strategic investments 12.00% 6.1% 5.6% 9.7% Total 100.00% Assumed inflation-Mean 2.60% 1.90% (1)As outlined in the Plan's investment policy Discount Rate. The discount rate used to measure the total pension liability was 7.10 percent. The Plan's fiduciary net position was projected to be available to make all projected future benefit payments of current active and inactive employees. Therefore,the discount rate for calculating the total pension liability is equal to the long-term expected rate of return. 1 6 1 1 A 4 IMMOKALEE FIRE CONTROL DISTRICT Page 32 of 69 NOTES TO THE FINANCIAL STATEMENTS September 30,2017 NOTE G- RETIREMENT PLAN- DEFINED BENEFIT PENSION PLAN, CONTINUED FRS Pension Plan,continued Sensitivity of the District's Proportionate Share of the Net Pension Liability to Changes in the Discount Rate. The following presents the District's proportionate share of the net pension liability calculated using the discount rate of 7.10 percent, as well as what the District's proportionate share of the net pension liability would be if it were calculated using a discount rate that is 1-percentage-point lower(6.10 percent)or 1-percentage-point higher(8.10 percent)than the current rate: 1% Current 1% Decrease Discount Rate Increase (6.10%) (7.10%) (8.10%) District's proportionate share of the net FRS pension liability $ 6,169,564 $ 3,408,712 $ 1,116,573 Pension Plan Fiduciary Net Position. Detailed information about pension plan's fiduciary net position is available in the separately issued FRS Pension Plan and Other State Administered Systems Comprehensive Annual Financial Report(FRS CAFR) dated June 30, 2017. The FRS CAFR and actuarial reports may also be obtained by contacting the Division of Retirement at: Department of Management Services Division of Retirement Bureau of Research and Member Communications P.O. Box 9000 Tallahassee,FL 32315-9000 850-488-5706 or toll free at 877-377-1737 http://www.dms.myflorida.com/workforce operations/retirement/publications Payables to the Pension Plan. At September 30, 2017,the District reported a payable of$16,970 for the outstanding amount of contributions in the pension plan required for the year ended September 30, 2017. 16t1A4 IMMOKALEE FIRE CONTROL DISTRICT Page 33 of 69 NOTES TO THE FINANCIAL STATEMENTS September 30,2017 NOTE G- RETIREMENT PLAN-DEFINED BENEFIT PENSION PLAN,CONTINUED HIS Plan Plan Description.The Health Insurance Subsidy Plan ("HIS Plan")is a cost-sharing, multiple-employer defined benefit pension plan established under Section 112.363, Florida Statutes. The benefit is a monthly payment to assist retirees of State-administered retirement systems in paying their health insurance costs and is administered by the Division of Retirement within the Florida Department of Management Services. Benefits Provided. For the year ended September 30,2017,eligible retirees and beneficiaries received a monthly HIS payment equal to the number of years of creditable service completed at the time of retirement multiplied by$5. The payments are at least$30 but not more than$150 per month,pursuant to Section 112.363,Florida Statutes. To be eligible to receive a HIS Plan benefit,a retiree under a State-administered retirement system must provide proof of health insurance coverage, which can include Medicare. Contributions. The HIS Plan is funded by required contributions from FRS participating employers as set by the Florida Legislature. Employer contributions are a percentage of gross compensation for all active FRS members. For the year ended September 30, 2017, the contribution rate ranged between 1.66 percent and 1.66 percent of payroll pursuant to Section 112.363,Florida Statutes. The District contributed 100 percent of its statutorily required contributions for the current and preceding three years. HIS Plan contributions are deposited in a separate trust fund from which HIS payments are authorized. HIS Plan benefits are not guaranteed and are subject to annual legislative appropriation. In the event the legislative appropriation or available funds fail to provide full subsidy benefits to all participants, benefits may be reduced or cancelled. Pension Liabilities,Pension Expense,and Deferred Outflows of Resources and Deferred Inflows of Resources Related to the HIS Plan. At September 30, 2017,the District reported a HIS liability of$636,395 for its proportionate share of the net HIS Plan's net pension liability. The net pension liability was measured as of June 30, 2017, and the total pension liability used to calculate the net pension liability was determined by an actuarial valuation as of July 1,2017. The District's proportionate share of the net HIS liability was based on the District's 1 6 1 1 A 4 IMMOKALEE FIRE CONTROL DISTRICT Page 34 of 69 NOTES TO THE FINANCIAL STATEMENTS September 30,2017 NOTE G- RETIREMENT PLAN-DEFINED BENEFIT PENSION PLAN,CONTINUED HIS Plan,continued 2016-17 fiscal year contributions relative to the total 2016-17 fiscal year contributions of all participating members. At September 30, 2017, the District's proportionate share was .005951814 percent,which was an increase of.000783458 percent from its proportionate share measured as of September 30, 2016. For the fiscal year ended September 30, 2017,the District recognized HIS expense of$64,188.In addition, the District reported deferred outflows of resources and deferred inflows of resources related to pensions from the following sources: Deferred Outflows Deferred Inflows Description of Resources of Resources Differences between expected and actual experience $ - $ 1,325 Change of assumptions 89,455 55,030 Net difference between projected and actual earnings on HIS pension plan investments 353 - Changes in proportion and differences between District HIS contributions and proportionate share of HIS contributions 156,803 - District contributions subsequent to the measurement date 6,497 - Total $ 253,108 $ 56,355 The deferred outflows of resources related to HIS,totaling$6,497, resulting from District contributions subsequent to the measurement date,will be recognized as a reduction on the net pension liability in the year ended September 30,2018. Other amounts reported as deferred outflows of resources and deferred inflows of resources related to pensions will be recognized in pension expense over the remaining service period of 7.2 years as follows: Fiscal Years Ending September 30 Amount 2018 $ 30,717 2019 30,717 2020 30,717 2021 30,718 2022 30,629 Thereafter 36,758 Total $ 190,256 1 6 1 1 A 4 IMMOKALEE FIRE CONTROL DISTRICT Page 35 of 69 NOTES TO THE FINANCIAL STATEMENTS September 30,2017 NOTE G - RETIREMENT PLAN -DEFINED BENEFIT PENSION PLAN,CONTINUED HIS Plan,continued Actuarial Assumptions. The total pension liability in the July 1, 2017, actuarial valuation was determined using the following actuarial assumptions,applied to all periods included in the measurement: Inflation 2.60 percent Real Payroll Growth 0.65 percent Salary Increases 3.25 percent,average, including inflation Municipal Bond Rate 3.58 percent Mortality rates were based on the Generational RP-2000 with Projected Scale BB. Because the HIS Plan is funded on a pay-as-you-go basis,no experience study has been completed for the Plan. Discount Rate. The discount rate used to measure the total HIS liability was 3.58 percent. In general, the discount rate for calculating the total HIS liability is equal to the single rate equivalent to discounting at the long-term expected rate of return for benefit payments prior to the projected depletion date. Because the HIS benefit is essentially funded on a pay-as-you-go basis, the depletion date is considered to be immediate, and the single equivalent discount rate is equal to the municipal bond rate selected by the plan sponsor. The Bond Buyer General Obligation 20-Bond Municipal Bond Index was adopted as the applicable municipal bond index. Sensitivity of the District's Proportionate Share of the Net HIS Liability to Changes in the Discount Rate. The following presents the District's proportionate share of the net HIS liability calculated using the discount rate of 3.58 percent, as well as what the District's proportionate share of the net HIS liability would be if it were calculated using a discount rate that is 1-percentage-point lower(2.58 percent)or 1-percentage-point higher(4.58 percent)than the current rate: 1% Current 1% Decrease Discount Rate Increase (2.58%) (3.58%) (4.58%) District's proportionate share of the net HIS liability $ 726,211 $ 636,395 $ 561,584 1 6 1 1 A 4 IMMOKALEE FIRE CONTROL DISTRICT Page 36 of 69 NOTES TO THE FINANCIAL STATEMENTS September 30,2017 NOTE G- RETIREMENT PLAN-DEFINED BENEFIT PENSION PLAN,CONTINUED HIS Plan,continued Pension Plan Fiduciary Net Position. Detailed information about the HIS plan's fiduciary net position is available in the separately issued FRS Pension Plan and Other State Administered Comprehensive Annual Financial Report(FRS CAFR) dated June 30,2017. The FRS CAFR and actuarial reports may also be obtained by contacting the Division of Retirement at: Department of Management Services Division of Retirement Bureau of Research and Member Communications P.O. Box 9000 Tallahassee, FL 32315-9000 850-488-5706 or toll free at 877-377-1737 http://www.dms.myflorida.com/workforce operations/retirement/publications Payables to the Pension Plan. At September 30, 2017, the District reported a payable of$1,277 for the outstanding amount of contributions to the HIS plan required for the fiscal year ended September 30, 2017. FRS -Defined Contribution Pension Plan The SBA administers the defined contribution plan officially titled the FRS Investment Plan(Investment Plan). The Investment Plan is reported in the SBA's annual financial statements and in the State of Florida Comprehensive Annual Financial Report. As provided in Section 121.4501,Florida Statutes,eligible FRS members may elect to participate in the Investment Plan in lieu of the FRS defined benefit plan. District employees participating in DROP are not eligible to participate in the Investment Plan. Employer and employee contributions, including amounts contributed to individual member's accounts, are defined by law,but the ultimate benefit depends in part on the performance of investment funds. Benefit terms, including contribution requirements,for the Investment Plan are established and may be amended by the Florida Legislature. The Investment Plan is funded with the same employer and employee contribution rates that are based on salary and membership class (Regular Class,Elected County Officers,etc.), as the FRS defined benefit plan. Contributions 1 6 I 1 A 4 IMMOKALEE FIRE CONTROL DISTRICT Page 37 of 69 NOTES TO THE FINANCIAL STATEMENTS September 30,2017 NOTE G- RETIREMENT PLAN-DEFINED BENEFIT PENSION PLAN,CONTINUED FRS -Defined Contribution Pension Plan,continued are directed to individual member accounts,and the individual members allocate contributions and account balances among various approved investment choices. Costs of administering the plan,including FRS Financial Guidance Program, are funded through an employer contribution of 0.06 percent of payroll and by forfeited benefits of plan members. Allocations to the investment member's accounts during the 2016-17 fiscal year were as follows: Percent of Gross Salary* Class Employee Employer(1) Employer(3) Florida Retirement System.Regular 3.00 7.52 7.92 Florida Retirement System,Senior Management Service 3.00 21.77 22.71 Florida Retirement System,Special Risk 3.00 22.57 23.27 Deferred Retirement Option Program-Applicable to Members from All of the Above Classes 0.00 12.99 13.26 Florida Retirement System,Reemployed Retiree (2) N/A N/A Florida Retirement System,Elected Official 3.00 42.47 45.50 Notes: (1) Employer rates include 1.66 percent for the post employment health insurance subsidy. Also, employer rates,other than for DROP participants,include.06 percent for administrative costs for the Investment Plan. Rates for 7/1/16-6/30/17. (2) Contribution rates are dependent upon retirement class in which reemployed. (3) Employer rates include 1.66 percent for the post employment health insurance subsidy. Also, employer rates,other than for DROP participants,include.06 percent for administrative costs for the Investment Plan. Rates for 7/1/17-6/30/18. * As defined by the Plan. For all membership classes, employees are immediately vested in their own contributions and are vested after 1 year of service for employer contributions and investment earnings. If an accumulated benefit obligation for service credit originally earned under the FRS Pension Plan is transferred to the Investment Plan,the member must have the years of service required for FRS Pension Plan vesting(including the service credit represented by the transferred funds)to be vested for these funds and the earnings on the funds. Nonvested employer contributions are placed in a suspense account for up to 5 years. If the employee returns to FRS-covered employment within the 5-year period,the employee will regain control over their account. If the employee does not return within the 5 year period,the employee will forfeit the accumulated account balance. For the fiscal year ended September 30, 2017,the information for the amount of forfeitures was unavailable from the SBA; however, management believes that these amounts,if any, would be immaterial to the District. 1 6 1 1 A 4 IMMOKALEE FIRE CONTROL DISTRICT Page 38 of 69 NOTES TO THE FINANCIAL STATEMENTS September 30,2017 NOTE G- RETIREMENT PLAN-DEFINED BENEFIT PENSION PLAN,CONTINUED FRS-Defined Contribution Pension Plan,continued After termination and applying to receive benefits, the member may rollover vested funds to another qualified plan, structure a periodic payment under the Investment Plan,receive a lump-sum distribution,leave the funds invested for future distribution, or any combination of these options. Disability coverage is provided; the member may either transfer the account balance to the FRS Pension Plan when approved for disability retirement to receive guaranteed lifetime monthly benefits under the FRS Pension Plan,or remain in the Investment Plan and rely upon that account balance for retirement income. The District's Investment Plan pension expense totaled$183,075 for the fiscal year ended September 30, 2017. Payables to the Investment Plan. At September 30, 2017,the District reported a payable of$0 for the outstanding amount of contributions to the Plan required for the fiscal year ended September 30, 2017. NOTE H- PROPERTY TAXES Property taxes are levied after formal adoption of the District's budget and become due and payable on November 1 of each year and are delinquent on April 1 of the following year. Discounts on property taxes are allowed for payments made prior to the April 1 delinquent date. Tax certificates are sold to the public for the full amount of any unpaid taxes and must be sold not later than June 1 of each year. The billing, collection, and related recordkeeping of all property taxes is performed for the District by the Collier County Tax Collector. No accrual for the property tax levy becoming due in November 2017 is included in the accompanying financial statements, since such taxes are collected to finance expenditures of the subsequent period. Procedures for collecting delinquent taxes, including applicable tax certificate sales and tax deed sales,are provided for by Florida Statutes. The enforceable lien date is approximately two years after taxes become delinquent and occurs only upon request of a holder of a delinquent tax certificate. As of September 30, 2017,$20,111 was due from the Collier County Tax Collector for ad valorem taxes and excess fees. 1611A4 IMMOKALEE FIRE CONTROL DISTRICT Page 39 of 69 NOTES TO THE FINANCIAL STATEMENTS September 30,2017 NOTE H- PROPERTY TAXES,CONTINUED Important dates in the property tax cycle are as follows: Assessment roll certified July 1 Millage resolution approved No later than 93 days following certification of assessment roll Beginning of fiscal year for which taxes have been levied October 1 Taxes due and payable(levy date) November 1 with various discount provisions through March 31 Property taxes payable- maximum discount(4 percent) 30 days after levy date Due date March 31 Taxes become delinquent(lien date) April 1 Tax certificates sold by the Collier County Tax Collector Prior to June 1 For the year ended September 30,2017,the Board of Commissioners of the District levied ad valorem taxes at a millage rate of$3.75 per$1,000(3.75 mills)of the 2016 net taxable value of real property located within the District. NOTE I- IMPACT FEE FUND ACTIVITY During the year ended September 30,2017, the Impact Fee Fund had the following activity: Amount Unearned revenue, October 1, 2016 $ 3,180,395 Impact fee receipts* 1,005,571 Interest income 17,310 Transfer In from General Fund - Commissions(admin fee) -paid to Collier County (10,052) Capital outlay (45,417) Unearned revenue, September 30,2017 $ 4,147,807 * Includes $163,575 due from Collier County. 1 6 1 1 A 4 IMMOKALEE FIRE CONTROL DISTRICT Page 40 of 69 NOTES TO THE FINANCIAL STATEMENTS September 30,2017 NOTE J- RISK MANAGEMENT The District is exposed to various risks of loss related to torts;theft of,damage to, and destruction of assets;errors and omissions; injuries to employees;and natural disasters. Insurance programs for general/professional liability, automobile and property are covered by commercial insurance. The District retains the risk of loss up to a deductible amount(ranging from$0 to$2,500)with the risk of loss in excess of this amount transferred to the insurance carrier with limits of liability of$1,000,000 per occurrence and$10,000,000 in the aggregate. The District is third party insured for employee health,dental and vision as well as workers'compensation. NOTE K- FUND BALANCE ALLOCATIONS Fund balance was allocated for the following purposes at September 30, 2017: Nonspendable Fund Balance Amount General Fund Prepaid expenditures $ 66,770 Total Nonspendable Fund Balance-General Fund $ 66,770 Assigned Fund Balance Amount General Fund Assigned for fiscal year startup(90 day operations) $ 835,794 Fleet reserves 100,000 Accrued liabilities 318,157 Disaster reserves 50,000 OPEB GASB reserves 151,502 Total Assigned Fund Balance-General Fund $ 1,455,453 NOTE L- POST-EMPLOYMENT BENEFITS OTHER THAN PENSION BENEFITS (OPEB) Plan Description The District's defined contribution OPEB Plan provides the opportunity to obtain health insurance benefits to its retired employees. The year ended September 30, 1 6 I 1 A 4 IMMOKALEE FIRE CONTROL DISTRICT Page 41 of 69 NOTES TO THE FINANCIAL STATEMENTS September 30,2017 NOTE L- POST-EMPLOYMENT BENEFITS OTHER THAN PENSION BENEFITS (OPEB),CONTINUED Plan Description.,continued 2012, was the District's transition year. GASB No.45 required transition at September 30,2010. As such,the District implemented GASB No.45 on a prospective basis. All retired full-time employees are eligible for OPEB benefits if actively employed by the District immediately before retirement. As of September 30, 2017, there were two retirees receiving these benefits. The benefits are provided both with and without contractual agreements. Funding Policy The District's OPEB benefits are unfunded.The retiree is eligible for benefits under the District's health plan,but is obligated to reimburse the District for 100%of the cost of the retiree's health coverage. As such,the District has no ultimate obligation for the retiree's health insurance premium. The District acts as agent for the retiree on a pay-as-you-go basis and recognizes expenditures at the time the premiums are due. The District does,however,incur the cost of premium rate being increased on its active employees due to providing coverage to its retirees.The District has not determined if a separate trust fund or equivalent arrangement will be established into which the District would make contributions to advance-fund the obligation. Therefore,no separate financial statement is issued. All required disclosures are presented herein. Annual OPEB Cost and Net OPEB Obligation The District's annual other postemployment benefit(OPEB)cost(expense)is calculated based on the annual required contribution of the employer(ARC). The District has elected to calculate the ARC and related information and has used the alternative measurement method, in conjunction with an actuarial firm, permitted by GASB Statement 45 for employers in plans with fewer than one hundred total plan members. The ARC represents a level of funding that, if paid on an ongoing basis, is projected to cover normal cost each year and to amortize any unfunded actuarial liabilities (or funding excess)over a period not to exceed thirty years. The following table shows the components of the District's annual OPEB cost for the year,the amount actually contributed to the plan,and changes in the District's net OPEB obligation to the Retiree Health Plan: 16 % 1A4 IMMOKALEE FIRE CONTROL DISTRICT Page 42 of 69 NOTES TO THE FINANCIAL STATEMENTS September 30,2017 NOTE L - POST-EMPLOYMENT BENEFITS OTHER THAN PENSION BENEFITS (OPEB), CONTINUED Annual OPEB Cost and Net OPEB Obligation,continued Amount Annual required contribution $ 44,661 Interest on net OPEB obligation 3,314 Adjustment to annual required contribution (3,628) Annual OBEB cost(expense) 44,347 Contributions made (20,232) Increase in net OBEB obligation 24,115 Net OPEB obligation-beginning of year 179,310 Net OPEB obligation-end of year $ 203,425 The District's annual OPEB cost, the percentage of annual OPEB cost contributed to the plan, and the net OPEB obligation for fiscal year 2017 is as follows: Percentage of Annual OPEB Fiscal Annual Cost Net OPEB Year Ended OPEB Cost Contributed Obligation 09/30/17 $ 44,347 0.0% $ 203,425 09/30/16 $ 24,115 0.0% $ 179,310 09/30/15 $ 28,898 0.0% $ 151,502 09/30/14 $ 10,352 0.0% $ 122,604 09/30/13 (1) $ 30,000 0.0% $ 112,252 09/30/12 $ 82,252 0.0% $ 82,252 (1) Estimated. No actuarial study performed Funded Status and Funding Process As of September 30, 2017,the actuarial accrued liability(AAL)for benefits was$430,337, all of which was unfunded. The covered payroll(annual payroll of active employees covered by the plan)was$2,076,484, and the ratio of the unfunded actuarial accrued liability to the covered payroll was 20.72 percent. 1611 A4 IMMOKALEE FIRE CONTROL DISTRICT Page 43 of 69 NOTES TO THE FINANCIAL STATEMENTS September 30,2017 NOTE L- POST-EMPLOYMENT BENEFITS OTHER THAN PENSION BENEFITS (OPEB),CONTINUED Funded Status and Funding Process,continued The projection of future benefit payments for an ongoing plan involves estimates of the value of reported amounts and assumptions about the probability of occurrence of events far into the future. Examples include assumptions about future employment, mortality, and the healthcare cost trend. Amounts determined regarding the funded status of the plan and the annual required contributions of the employer are subject to continual revision as actual results are compared with past expectations and new estimates are made about the future. The schedule of funding progress presents multiyear trend information about whether the actuarial value of plan assets is increasing or decreasing over time relative to the actuarial accrued liabilities for benefits. Methods and Assumptions Projections of benefits for financial reporting purposes are based on the substantive plan(the plan as understood by the employer and plan members)and include types of benefits provided at the time of each valuation and the historical pattern of sharing of benefit costs between the employer and plan members to that point. The methods and assumptions used include techniques that are designed to reduce the effects of short-term volatility in actuarial accrued liabilities and the actuarial value of assets, consistent with the long-term perspective of the calculations. The following simplifying assumptions were made: Retirement age for active employees- Based on the historical average retirement age for the covered group,active plan members were assumed to retire at age 56. Marital status -Marital status of member at the calculation date was assumed to continue throughout retirement. Mortality- Life expectancies were based on RP2000 Mortality Tables for Males and Females projected 10 years. Turnover-Non-group-specific age-based turnover data from GASB Statement 45 were used as the basis for assigning active members a probability of remaining employed until the assumed retirement age and for developing an expected future working lifetime assumption for purposes of allocating to periods the present value of total benefits paid. i611A4 IMMOKALEE FIRE CONTROL DISTRICT Page 44 of 69 NOTES TO THE FINANCIAL STATEMENTS September 30,2017 NOTE L- POST-EMPLOYMENT BENEFITS OTHER THAN PENSION BENEFITS (OPEB),CONTINUED Methods and Assumptions,continued Healthcare cost trend rate-The expected rate of increase in healthcare insurance premiums was based on the Getsen model promulgated by the Society for Actuaries for use in long-term trend projection. A rate of 8.0 percent initially,reduced to an ultimate rate of 4.7 percent after ten years was used. Health insurance premiums -November 1, 2011 health insurance premiums for retirees were used as the basis for calculation of the present value of total benefits to be paid. Payroll growth rate-The expected long-term payroll growth rate of 2.5 percent was based on the average annual percentage change in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPA-W)from 2003 -2008. Based on the historical and expected returns of the District's short-term investment portfolio, a discount rate of 4.0 percent was used. In addition, a simplified version of the entry age actuarial cost method was used. The unfunded actuarial accrued liability is being amortized as a level percentage of projected payroll in an open basis.The remaining amortization period at September 30,2017, was twenty-eight(28)years. REQUIRED SUPPLEMENTARY INFORMATION Schedule of Funding Progress for the Retiree Health Plan Actuarial UAAL as a Actuarial Accrued Unfunded Percentage Actuarial Value of Liability(AAL) AAL Funded Covered of Covered Valuation Assets Entry Age (UAAL) Ratio Payroll Payroll Date (a) (b) (b-a) (a/b) (c) ((b-a)/c) 9/30/17 $ 129,045 $ 430,337 $ 301,292 29.99% $2,076,484 14.51% 9/30/16 $ 129,174 $ 548,117 $ 418,943 23.57% $1,735,883 24.13% 9/30/15 $ 129,045 $ 430,337 $ 301,292 29.99% $1,312,191 22.96% 9/30/14 $ 85,470 $ 539,307 $ 453,837 15.85% $1,195,445 37.96% 9/30/13 $ - $ 429,349 $ 429,349 0.00% $ 789,278 54.40% 1 6 1 1 A 4 IMMOKALEE FIRE CONTROL DISTRICT Page 45 of 69 NOTES TO THE FINANCIAL STATEMENTS September 30,2017 NOTE M- DEFICIT UNRESTRICTED NET POSITION(NET ASSETS) During the year ended September 30, 2017,the District's unrestricted net position(net assets)balance was again a deficit and totaled$(669,338),due substantially to recording the current year actuarially determined net pension liability of$4,045,107. The District's total available fund balance at September 30, 2017 remains approximately equal to five(5)months of actual expenditures. However, the Board has previously assigned $1,455,453 of the$1,656,297 available fund balance for specific purposes. During the year ended September 30, 2016,the District's unrestricted net position (net assets)balance was again a deficit and totaled$(157,053),due substantially to recording the current year actuarially determined net pension liability of$2,991,948. The District's total available fund balance at September 30,2016 remains approximately equal to six(6) months of actual expenditures. However,the Board has assigned$1,340,382 of the$1,705,121 available fund balance for specific purposes. During the year ended September 30, 2015,the District's unrestricted net position(net assets)balance became a deficit and of$(58,458),due substantially to recording the current year actuarially determined net pension liability of$1,226,192. The District's total available fund balance at September 30,2015 remains approximately equal to four (4)months of actual expenditures. However,the Board assigned$1,057,074 of the $1,472,132 available fund balance for specified purposes. NOTE N- SUBSEQUENT EVENTS Subsequent to the year ended September 30,2017,the District's SAFER grant ended. As such,the District has decided to retain the affected employees and fund the related costs through the use of District reserves while it reapplies for the SAFER grant. 1 6 1 1 A 4 REQUIRED SUPPLEMENTARY INFORMATION OTHER THAN MD&A 1 6 1 1 A 4 IMMOKALEE FIRE CONTROL DISTRICT Page 46 of 69 STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCE-BUDGET AND ACTUAL-GENERAL FUND- SUMMARY STATEMENT Year Ended September 30,2017 General Fund Variance Original Final Favorable Budget Budget Actual (Unfavorable) REVENUES Ad Valorem taxes $ 2,918,762 $ 2,998,762 $ 2,994,850 $ (3,912) Intergovernmental revenues: Federal public safety grant-SAFER/AFG 1,415,820 1,186,721 1,262,651 75,930 State grant 9,050 9,050 9,525 475 State firefighter supplemental 3,840 3,840 4,488 648 Inspection fees 73,000 73,000 29,394 (43,606) Public safety services 15,275 15,275 3,324 (11,951) Miscellaneous: Interest 8,000 8,000 10,157 2,157 Other 174,730 69,607 57,268 (12,339) Reserves brought forward 1,648,566 1,705,121 - (1,705,121) TOTAL REVENUES 6,267,043 6,069,376 4,371,657 (1,697,719) EXPENDITURES Current Public safety Personnel services 3,202,988 3,505,089 3,307,426 197,663 Operating expenditures 679,759 700,716 799,166 (98,450) Capital outlay 842,269 295,433 247,119 48,314 Debt service Principal reduction - - - Interest and fiscal charges - - - - Assigned-90 day reserve 835,794 835,794 - 835,794 Assigned-Fleet Reserves 100,000 100,000 - 100,000 Assigned-Accrued Liabilities 318,157 318,157 - 318,157 Assigned-Disaster Reserves 50,000 50,000 - 50,000 Assigned-800 Radio Reserves - - - Assigned-GASB reserve 151,502 151,502 - 151,502 Reserves-unassigned 86,574 112,685 - 112,685 TOTAL EXPENDITURES 6,267,043 6,069,376 4,353,711 1,715,665 EXCESS OF REVENUES OVER EXPENDITURES - - 17,946 17,946 OTHER FINANCING SOURCES(USES) Operating transfers in - _ - - Operating transfers out Proceeds from disposition of capital assets - - _ - TOTAL OTHER FINANCING SOURCES(USES) - - - NET CHANGE IN FUND BALANCE $ - $ - 17,946 $ 17,946 FUND BALANCE-Beginning 1,705,121 FUND BALANCE-Ending $ 1,723,067 The accompanying notes are an integral part of this statement. 1 6 1 1 A 4 IMMOKALEE FIRE CONTROL DISTRICT Page 47 of 69 STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCE-BUDGET AND ACTUAL-GENERAL FUND DETAILED STATEMENT Year Ended September 30,2017 General Fund Variance Original Final Favorable Budget Budget Actual (Unfavorable) REVENUES Ad Valorem taxes $ 2,918,762 $ 2,998,762 $ 2,994,850 $ (3,912) Intergovernmental revenues: Federal public safety grants-SAFER/AFG 1,415,820 1,186,721 1,262,651 75,930 State grant 9,050 9,050 9,525 475 State firefighter supplemental 3,840 3,840 4,488 648 Inspection fees 73,000 73,000 29,394 (43,606) Public safety services 15,275 15,275 3,324 (11,951) Miscellaneous: Interest income 8,000 8,000 10,157 2,157 Seminole contract 134,123 - - - PILT farm workers village 6,650 6,650 6.150 (500) Donations 100 100 200 100 User fees-rent 5,748 5,748 6,121 373 Other income 28,109 57,109 44,797 (12,312) Subtotal 4,618,477 4,364,255 4,371,657 7,402 Reserves brought forward 1,648,566 1,705,121 - (1,705,121) TOTAL REVENUES 6,267,043 6,069,376 4,371,657 (1,697,719) EXPENDITURES PERSONNEL SERVICES Salaries Firefighters&administrative 1,604,391 1,735,458 1,692,702 42,756 EMT incentive pay 201,840 201,840 3,125 198,715 Overtime pay 119,489 170,493 298.593 (128,100) Holiday pay 55,301 65,786 62,421 3,365 Vacation&sick sell back pay 14,449 29,671 60,779 (31,108) Separation pay - - - - Payroll taxes Social Security 150.117 150,117 159,979 (9,862) Benefits Retirement 425,159 425,159 410,600 14,559 Group insurance 546.327 623,308 552,995 70,313 Workers compensation 85.915 103,257 57,849 45,408 Unemployment - - 8,383 (8,383) SUBTOTAL-PERSONNEL SERVICES 3,202,988 3,505.089 3,307,426 197,663 OPERATING Contracted Services Physicals 15,960 15,960 5,876 10,084 Bank service charges - - - - Legal fees 19,200 19,200 33,939 (14,739) Property appraiser fees 30,671 30,671 19.603 11,068 Tax collection fees 61,342 61,342 61,639 (297) Contracted services 132,719 132,719 129,786 2,933 Generators 1,000 1,000 - 1,000 Pest control 1,125 1,125 509 616 Subtotal-Contracted services 262,017 262,017 251,352 10,665 The accompanying notes are an integral part of this statement. 1 6 1 1 A 4 IMMOKALEE FIRE CONTROL DISTRICT Page 48 of 69 STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCE-BUDGET AND ACTUAL-GENERAL FUND DETAILED STATEMENT- CONTINUED Year Ended September 30,2017 General Fund Variance Original Final Favorable Budget Budget Actual (Unfavorable) OPERATING,CONTINUED Operating Education and training 62,300 62,300 34,791 27,509 Travel 12,548 12,548 7,646 4,902 Communications-telephone 15,216 15,216 16,125 (909) Postage 750 750 1,434 (684) Utilities 22,594 22594 20,707 1,887 Explorer program 3,000 3,000 454 2,546 Liability insurance 54,974 54,974 66,346 (11,372) Subtotal-Operating 171,382 171,382 147,503 23,879 Maintenance Vehicle 41,250 62,207 89.481 (27,274) Equipment-firefighter and rescue 30,010 30,010 16,609 13,401 Office equipment - - - - Computer - - - - Communications-radio - - - - Building 21,070 21,070 63,230 (42,160) Bunker gear - - - - Cascade system - - - - Subtotal-Maintenance 92,330 113,287 169,320 (56,033) Legal advertising 4,350 4,350 5,904 (1,554) Supplies Office 4,000 4,000 3,809 191 Shipping 750 750 - 750 Firefighter rescue - - 75,870 (75,870) Station-janitorial 4,530 4,530 6,055 (1,525) Training - - - - Fuel and oil 41,500 41,500 48,201 (6,701) Uniforms 23,000 23,000 22,724 276 Employee 500 500 - 500 Physical fitness equipment 750 750 - 750 Inter-departmental 500 500 8 492 Computer software and training 7,500 7,500 2,097 5,403 Miscellaneous 2,000 2,000 2,153 (153) Bunker gear 22,500 22,500 25,076 (2,576) Fire prevention 2,000 2,000 - 2,000 Communication(radio) 1,500 1,500 - 1,500 Communication(phone) 1,000 1,000 51 949 Station-non janitorial 1,800 1,800 1,924 (124) Public education 3,000 3,000 3,513 (513) Furniture 4,200 4,200 8,226 (4,026) Computer equipment 2,250 2,250 608 1,642 Fire Inspection - - - - Operating 4,000 4,000 7,908 (3,908) Minor equipment 9,500 9,500 3,091 6,409 Tires&batteries 7,450 7,450 8,867 (1,417) The accompanying notes are an integral part of this statement. 16 % 1A4 IMMOKALEE FIRE CONTROL DISTRICT Page 49 of 69 STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCE-BUDGET AND ACTUAL-GENERAL FUND DETAILED STATEMENT-CONTINUED Year Ended September 30,2017 General Fund Variance Original Final Favorable Budget Budget Actual (Unfavorable) Books and dues 5,450 5,450 4,906 544 Subtotal-Supplies 149,680 149,680 225,087 (75,407) SUBTOTAL-OPERATING EXPENDITURES 679,759 700,716 799,166 (98,450) Capital Outlay Land - - - - Firefighter rescue equipment - - 780 (780) Communication equipment 3,500 3,500 3,174 326 Building 581,261 34,425 - 34,425 Vehicles - - - - Bunker gear - - - - Furniture-Office - - - - Station equipment 252,008 252,008 209,840 42,168 Computer equipment 5,500 5,500 33,325 (27,825) SUBTOTAL-CAPITAL OUTLAY 842,269 295,433 247,119 48,314 Debt service Principal retirement - - - - Interest charges and fiscal - - - - SUBTOTAL-DEBT SERVICE - - - - Assigned-90 day OPS 835,794 835,794 - 835,794 Assigned-Fleet Reserves 100,000 100,000 - 100,000 Assigned-Accrued Liabilities 318,157 318,157 - 318,157 Assigned-Disaster Reserves 50,000 50,000 - 50,000 Assigned-800 Radio Reserves - - - - Assigned-GASB Reserves 151,502 151,502 - 151,502 Reserves-Unassigned 86,574 112,685 - 112,685 TOTAL EXPENDITURES 6,267,043 6,069,376 4,353,711 1,715,665 EXCESS OF REVENUES OVER EXPENDITURES - - 17,946 17,946 OTHER FINANCING SOURCES(USES) Operating transfers in - - - - Operating transfers out - - - - Proceeds from disposition of capital assets - - - - TOTAL OTHER FINANCING SOURCES(USES) - - - - NET CHANGE IN FUND BALANCE $ - $ - 17,946 $ 17,946 FUND BALANCE-BEGINNING 1,705,121 FUND BALANCE-ENDING $ 1,723,067 The accompanying notes are an integral part of this statement. 1 6 1 1 A 4 IMMOKALEE FIRE CONTROL DISTRICT Page 50 of 69 STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCE-BUDGET AND ACTUAL-IMPACT FEE FUND SUMMARY STATEMENT Year Ended September 30,2017 Impact Fee Fund Variance Original Final Favorable Budget Budget Actual (Unfavorable) REVENUES Ad Valorem taxes $ - $ - $ - $ - Impact fees 775,000 775,000 38,159 (736,841) Intergovernmental revenue-grants - - - - Miscellaneous: Interest 5,000 5,000 17,310 12,310 Other - - - - Cash brought forward 3,013,680 3,013,680 - (3,013,680) TOTAL REVENUES 3,793,680 3,793,680 55,469 (3,738,211) EXPENDITURES Current Public safety Personnel services - - - Operating expenditures 11,625 11,625 10,052 1,573 Capital outlay 3,347,770 3,347,770 45,417 3,302,353 Debt service Principal reduction - - - - Interest and fiscal charges - - - - Contingency 434,285 434,285 - 434,285 TOTAL EXPENDITURES 3,793,680 3,793,680 55,469 3,738,211 EXCESS OF REVENUES OVER EXPENDITURES - - - - OTHER FINANCING SOURCES(USES) Operating transfers in - - - - Operating transfers out - - - - TOTAL OTHER FINANCING SOURCES(USES) - - - - NET CHANGE IN FUND BALANCE $ - $ - - $ - FUND BALANCE-Beginning - FUND BALANCE-Ending $ - The accompanying notes are an integral part of this statement. 1 6 1 1 A 4 IMMOKALEE FIRE CONTROL DISTRICT SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS Year Ended September 30,2017 Federal Program or CFDA/ Grantor's Award Grantor Agency/Program Title Number Number Amount FEDERAL AGENCY U.S.Department of Homeland Security TYPE A-MAJOR Staffing of Adequate Fire and Emergency Response EMW-2014-FH-00126 SAFER-Hiring Grant 97.083 2015-F4-C211-P4310000-4101-D $ 2,012,052 Staffing of Adequate Fire and Emergency Response EMW-2013-FF-00593 SAFER-Recruitment&Retention Grant 97.083 2014-M3-C211-P4310000-4101-D 457,942 2,469,994 TYPE B-NON MAJOR Assistance to Firefighters Grant Program 97.044 EMW-2015-FO-06716 DHS-12-GPD-044-000-98 229,099 TOTAL FEDERAL FINANCIAL AWARDS $ 2,699,093 (1)Includes receivable of$78,959 (2)Includes receivable of$7,616 (3)Does not include the 10%match requirement. 1 6 1 1 A 4 Page 51 of 69 Receipts/ Disbursements/ Pass through Revenue Expenditures to Subrecipients $ 947,963 (1) $ 947,963 $ - 111,369 (2) 111,369 - 1,059,332 1,059,332 - 203,319 (3) 203,319 - $ 1,262,651 $ 1,262,651 $ - 161 1A4 IMMOKALEE FIRE CONTROL DISTRICT Page 52 of 69 NOTES TO THE SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS Year ended September 30,2017 NOTE A - BASIS OF PRESENTATION The Schedule of Expenditures of Federal Awards has been prepared on the accrual basis of accounting in conformity with accounting principles generally accepted in the United States of America and is in accordance with the provisions of the OMB Uniform Guidance. Expenditures reported on the Schedule of Expenditures of Federal Awards include cash disbursements, whether capitalized or expensed,during the fiscal year as well as grant related amounts recorded as payable at year end. Revenues reported on the Schedule of Expenditures of Federal Awards include cash receipts,whether recognized or deferred, as well as grant receivables recorded at year end. NOTE B- INDIRECT COSTS The District did not routinely allocate indirect costs to Federal Awards. Costs charged to such programs were direct costs. The District has elected not to use the 10%de minimus indirect cost rate allowed under the Uniform Guidance. 1611A4 IMMOKALEE FIRE CONTROL DISTRICT Page 53 of 69 SCHEDULE OF DISTRICT PROPORTIONATE SHARE OF THE NET PENSION LIABILITY -FLORIDA RETIREMENT SYSTEM(FRS)PENSION PLAN(1) 2017 2016 2015 2014 District's proportion of the net pension liability 0.011523968% 0.009463726% 0.006183105% 0.006001750% District's proportionate share of the net pension liability $ 3,408,712 $ 2,389,598 $ 798,631 $ 366,195 District's covered-employee payroll $ 2,117,620 $ 1,735,883 $ 1,298,578 $ 1,199,275 District's proportionate share of the net pension liability as a percentage of its covered-employee payroll 160.97% 137.66% 61.50% 30.53% Plan fiduciary net position as a percentage of the total pension liability 83.89% 84.88% 92.00% 96.09% Notes: (1)The amounts presented for each fiscal year were determined as of September 30. SCHEDULE OF DISTRICT CONTRIBUTIONS- FLORIDA RETIREMENT SYSTEM(FRS)PENSION PLAN (1) 2017 2016 2015 2014 Contractually required contribution $ 381,858 $ 365,318 $ 236,175 $ 209,820 Contributions in relation to the contractually required contribution 381,858 365,318 236,175 209,820 Contribution deficiency(excess) $ - $ - $ - $ - District's covered-employee payroll $ 2,117,620 $ 1,735,883 $ 1,298.578 $ 1.199,275 Contributions as a percentage of covered-employee payroll 18.03% 21.05% 18.19% 17.50% Notes: (1)The amounts presented for each fiscal year were determined as of September 30. GASB 68 requires information for 10 years. However,until a full 10-year trend is compiled, governments should present information for only those years for which information is available. 1 6 1 1 A 4 IMMOKALEE FIRE CONTROL DISTRICT Page 54 of 69 SCHEDULE OF DISTRICT PROPORTIONATE SHARE OF THE NET PENSION LIABILITY -HEALTH INSURANCE SUBSIDY (HIS)PENSION PLAN(1) 2017 2016 2015 2014 District's proportion of the net pension liability 0.005951814% 0.005168356% 0.004192421% 0.004035317% District's proportionate share of the net pension liability $ 636,395 $ 602,350 $ 427,561 $ 377.312 District's covered-employee payroll $ 2,117,620 $ 1,735,883 $ 1,298,578 $ 1,199,275 District's proportionate share of the net pension liability as a percentage of its covered-employee payroll 30M5% 34.70% 32.93% 31.46% Plan fiduciary net position as a percentage of the total pension liability 1.64% 0.97% 0.50% 0.99% Notes: (1)The amounts presented for each fiscal year were determined as of September 30. SCHEDULE OF DISTRICT CONTRIBUTIONS- HEALTH INSURANCE SUBSIDY(HIS)PENSION PLAN(1) 2017 2016 2015 2014 Contractually required contribution $ 28,742 $ 29,194 $ 19,237 $ 14,244 Contributions in relation to the contractually required contribution 28,742 29,194 19,237 14,244 Contribution deficiency(excess) $ - $ - $ - $ - District's covered-employee payroll $ 2,117,620 $ 1,735,883 $ 1,298,578 $ 1,199,275 Contributions as a percentage of covered-employee payroll 1.36% 1.68% 1.48% 1.19% Notes: (1)The amounts presented for each fiscal year were determined as of September 30. GASB 68 requires information for 10 years. However, until a full 10-year trend is compiled, governments should present information for only those years for which information is available. 1611A4 IMMOKALEE FIRE CONTROL DISTRICT Page 55 of 69 NOTES TO THE REQUIRED SUPPLEMENTARY INFORMATION September 30,2017 Changes of Assumptions Actuarial assumptions for both cost-sharing defined benefit plans are reviewed annually by the Florida Retirement System Actuarial Assumptions Conference. The FRS Pension Plan has a valuation performed annually. The HIS Program has a valuation performed biennially that is updated for GASB reporting in the year a valuation is not performed. The most recent experience study for the FRS Pension Plan was completed in 2014 for the period July 1, 2008,through June 30, 2013. Because the HIS Program is funded on a pay-as-you-go basis,no experience study has been completed for that program. The actuarial assumptions that determined the total pension liability for the HIS Program were based on certain results of the most recent experience study for the FRS Pension Plan. The total pension liability for each cost-sharing defined benefit plan was determined using the individual entry age actuarial cost method. Inflation increases for both plans is assumed at 2.60%. Payroll growth, including inflation,for both plans is assumed at 3.25%. Both the discount rate and the long-term expected rate of return used for FRS Pension Plan investments was reduced from 7.60%to 7.10%. The plan's fiduciary net position was projected to be available to make all projected future benefit payments of current active and inactive employees. Therefore, the discount rate for calculating the total pension liability is equal to the long-term expected rate of return. Because the HIS Program uses a pay-as-you-go funding structure, a municipal bond rate was increased from 2.85%to 3.58% and was used to determine the total pension liability for the program (Bond Buyer General Obligation 20-Bond Municipal Bond Index). Mortality assumptions for both plans were based on the Generational RP-2000 with Projection Scale BB tables. Florida Retirement System Pension Plan There were changes in actuarial assumptions. As of June 30, 2017,the inflation rate assumption remained at 2.6 percent, the real payroll growth assumption was 0.65 percent, and the overall payroll growth rate assumption remained at 3.25 percent. The long-term expected rate of return was reduced from 7.60 percent to 7.10 percent. Health Insurance Subsidy Pension Plan The municipal rate used to determine total pension liability increased from 2.85 percent to 3.58 percent. 1611A4 IMMOKALEE FIRE CONTROL DISTRICT Page 56 of 69 NOTES TO THE REQUIRED SUPPLEMENTARY INFORMATION September 30,2017 Pension Expense and Deferred Outflows/Inflows of Resources In accordance with GASB 68,paragraphs 54 and 71, changes in the net pension liability are recognized in pension expense in the current measurement period,except as indicated below. For each of the following,a portion is recognized in pension expense in the current reporting period,and the balance is amortized as deferred outflows or deferred inflows of resources using a systematic and rational method over a closed period, as defined below: • Differences between expected and actual experience with regard to economic and demographic factors -amortized over the average expected remaining service life of all employees that are provided with pensions through the pension plan(active and inactive employees) • Changes of assumptions or other inputs -amortized over the average expected remaining service life of all employees that are provided with pensions through the pension plan (active and inactive employees) • Changes in proportion and differences between contributions and proportionate share of contributions- amortized over the average expected remaining service life of all employees that are provided with pensions through the pension plan(active and inactive employees) • Differences between expected and actual earnings on pension plan investments - amortized over five years Employer contributions to the pension plans from employers are not included in collective pension expense. However,employee contributions are used to reduce pension expense. The average expected remaining service life of all employees provided with pensions through the pension plans at June 30, 2017,remained at 6.4 years for FRS and 7.2 years for HIS. 1611A4 ADDITIONAL REPORTS 1 6 1 1 A 4 T `4.J S :\1 NAffiliations Florida Institute of Certified Public Accountants &Company, PA American Institute of Certified Public Accountants Private Companies Practice Section Certified PubEC Accountants&Consultants Tax Division Page 57 of 69 INDEPENDENT AUDITOR'S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND ON COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF BASIC FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS Board of Commissioners Immokalee Fire Control District 502 East New Market Road Immokalee,Florida 34142 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 Government Auditing Standards, issued by the Comptroller General of the United States of America, the basic financial statements of the governmental activities and each major fund of Immokalee Fire Control District (the"District")as of and for the year ended September 30,2017 and the related notes to the financial statements which collectively comprise the District's basic financial statements as listed in the table of contents and have issued our report thereon dated April 17, 2018. Internal Control Over Financial Reporting In planning and performing our audit of the financial statements,we considered the District'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 opinion on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of the District's internal control. Accordingly, we do not express an opinion on the effectiveness of the District'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. INTEGRITY SERVICE EXPERIENCE 12621 World Plaza Lane,Building 55 •Fort Myers,FL 33907 •Phone:(239)333-2090 •Fax: (239)333-2097 1 6 1 1 A 4 Page 58 of 69 A material weakness is a deficiency,or a combination of deficiencies,in internal control,such that there is a reasonable possibility that a material misstatement of the Immokalee Fire Control Districts basic 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 was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control that might be material weaknesses or significant deficiencies and,therefore,material weaknesses or significant deficiencies may exist that were not identified. We,however, noted certain other items that we reported in our Report to Management dated April 17,2018. Compliance and Other Matters As part of obtaining reasonable assurance about whether Immokalee Fire Control District's basic 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 basic 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 instances of noncompliance or other matters that are required to be reported under Government Auditing Standards. Such matters are noted in our Independent Auditor's Report to Management dated April 17,2018. The District's Response to Findings The District's response to the findings identified in our audit is described in the accompanying Management's Response to Independent Auditor's Report to Management. The District's response was not subjected to the auditing procedures applied in the audit of the financial statements and,accordingly,we express no opinion on it. 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 District'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 District's internal control and compliance. Accordingly,this communication is not suitable for any other purpose. iemiud4t) atetriet " TUSCAN& COMPANY, P.A. Fort Myers,Florida April 17,2018 1 6 1 1 A 4 TUSCAN Affiliations Florida Institute of Certified Public Accountants & Company, PA American Institute of Certified Public Accountants Private Companies Practice Section Certified Public Accountant'&Consultants Tax Division Page 59 of 69 Independent Auditor's Report on Compliance for Each Major Program and on Internal Control Over Compliance Required by the Uniform Guidance Board of Commissioners Immokalee Fire Control District 502 East New Market Road Immokalee, Florida 34142 Report on Compliance for Each Major Federal Program We have audited Immokalee Fire Control District's compliance with the types of compliance requirements described in the OMB Compliance Supplement, as applicable,that could have a direct and material effect on each of Immokalee Fire Control District's major federal programs for the year ended September 30, 2017. Immokalee Fire Control District's major federal programs are identified in the summary of auditor's results section of the accompanying schedule of findings and questioned costs. Management's Responsibility Management is responsible for compliance with the requirements of laws, regulations, and the terms and conditions of its federal awards. Auditor's Responsibility Our responsibility is to express an opinion on compliance for each of Immokalee Fire Control District's major federal programs based on our audit of the types of compliance requirements referred to above. We conducted our audit of compliance in accordance with auditing standards generally accepted in the United States of America;the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States of America; and the audit requirements of Title 2 U.S. Code of Federal Regulations Part 200, "Uniform Administrative Requirements,Cost Principles, and Audit Requirements for Federal Awards" ("Uniform Guidance"). Those standards and the Uniform Guidance require that we plan and perform the audit to obtain reasonable assurance about whether noncompliance with the types of compliance requirements referred to above that could have a direct and material effect on a major federal program occurred. An audit includes examining, on a test basis,evidence about Immokalee Fire Control District's compliance with those requirements and performing such other procedures as we considered necessary in the circumstances. INTEGRITY SERVICE EXPERIENCE 12621 World Plaza Lane,Building 55 •Fort Myers,FL 33907 •Phone: (239)333-2090•Fax: (239) 333-2097 1 6 1 1 A 4 Page 60 of 69 We believe that our audit provides a reasonable basis for our opinion on compliance for each major federal program. However,our audit does not provide a legal determination of Immokalee Fire Control District's compliance with those requirements. Opinion on Each Major Federal Program In our opinion, Immokalee Fire Control District complied,in all material respects,with the types of compliance requirements referred to above that could have a direct and material effect on each of its major federal programs for the year ended September 30, 2017. Report on Internal Control Over Compliance Management of Immokalee Fire Control District is responsible for establishing and maintaining effective internal control over compliance with the types of compliance requirements referred to above. In planning and performing our audit of compliance,we considered Immokalee Fire Control District's internal control over compliance with the types of requirements that could have a direct and material effect on each major federal program to determine the auditing procedures that are appropriate in the circumstances for the purpose of expressing an opinion on compliance for each major federal program and to test and report on internal control over compliance in accordance with the Uniform Guidance,but not for the purpose of expressing an opinion on the effectiveness of internal control over compliance. Accordingly, we do not express an opinion on the effectiveness of Immokalee Fire Control District's internal control over compliance. A deficiency in internal control over compliance exists when the design or operation of a control over compliance does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct noncompliance with a type of compliance requirement of a federal program on a timely basis. A material weakness in internal control over compliance is a deficiency,or combination of deficiencies, in internal control over compliance, such that there is a reasonable possibility that material noncompliance with a type of compliance requirement of a federal program will not be prevented,or detected and corrected,on a timely basis. A significant deficiency in internal control over compliance is a deficiency,or a combination of deficiencies, in internal control over compliance with a type of compliance requirement of a federal program that is less severe than a material weakness in internal control over compliance,yet important enough to merit attention by those charged with governance. Our consideration of internal control over compliance 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 compliance that might be deficiencies, material weaknesses or significant deficiencies. We did not identify any deficiencies in internal control over compliance that we consider to be material weaknesses. However, material weaknesses may exist that have not been identified. 1611A4 Page 61 of 69 Purpose of the Report The purpose of this report on internal control over compliance is solely to describe the scope of our testing of internal control over compliance and the results of that testing based on the requirements of the Uniform Guidance. Accordingly,this report is not suitable for any other purpose. 710440 741444 j ?144 TUSCAN &COMPANY, P.A. Fort Myers, Florida April 17,2018 1 6 1 1 A 4 IMMOKALEE FIRE CONTROL DISTRICT Page 62 of 69 SCHEDULE OF FINDINGS AND QUESTIONED COSTS -FEDERAL AWARDS Year ended September 30,2017 Section I—Summary of Auditor's Results Financial Statements Type of auditor's report issued Unmodified Internal control over financial reporting: Control deficiency(ies)identified? Yes X No Significant deficiency(ies)identified? Yes X No Material weakness(es)identified? Yes X None reported Noncompliance material to financial statements noted? Yes X No Federal Awards Internal control over major programs: Control deficiency(ies)identified? Yes X No Significant deficiency(ies)identified? Yes X No Material weakness(es)identified? Yes X None reported Type of auditors report issued on compliance for major programs Unmodified Any audit findings disclosed that are required to be reported in accordance with 2 CFR, Section 200.516(a)? Yes X No Identification of major programs (Type A): CFDA Number(s) Name of Federal Program or Cluster U.S. Department of Homeland Security 97.083 Staffing of Adequate Fire and Emergency Response SAFER -Hiring Grant 97.083 Staffmg of Adequate Fire and Emergency Response SAFER -Recruitment and Retention Grant Dollar threshold used to distinguish between Type A and Type B programs Threshold used was$750,000. Auditee qualified as low-risk auditee? Yes X No 16 % 1A4 IMMOKALEE FIRE CONTROL DISTRICT Page 63 of 69 SCHEDULE OF FINDINGS AND QUESTIONED COSTS -FEDERAL AWARDS,CONTINUED Year ended September 30,2017 Listing of Subrecipients and matching amounts passed-through: None-not applicable Section II-Financial Statement Findings There were no deficiencies, material weaknesses, or instances of noncompliance related to the financial statements. Section III-Federal Award Findings and Questioned Costs There were no audit findings related to Federal Awards required to be reported by 2 CFR, Section 200.516(a). Section IV-Status of Federal Prior Year Findings Prior year finding(2016-06)appears to have been resolved. 1611A4 Affiliations '11'u �j,A N Florida Institute of Certified Public Accountants & Company, PA American Institute of Certified Public Accountants Private Companies Practice Section Certified Public Accountants&Consultants Tax Division Page 64 of 69 INDEPENDENT ACCOUNTANT'S REPORT ON COMPLIANCE WITH SECTION 218.415,FLORIDA STATUTES Board of Commissioners Immokalee Fire Control District 502 East New Market Road Immokalee, Florida 34142 We have examined Immokalee Fire Control District's compliance with Section 218.415,Florida Statutes,regarding the investment of public funds during the year ended September 30,2017. Management is responsible for Immokalee Fire Control District's compliance with those requirements. Our responsibility is to express an opinion on Immokalee Fire Control District's compliance based on our examination. Our examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and,accordingly, included examining, on a test basis,evidence about Immokalee Fire Control District's compliance with those requirements and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis for our opinion. Our examination does not provide a legal determination on Immokalee Fire Control District's compliance with specified requirements. In our opinion,Immokalee Fire Control District complied,in all material respects,with the aforementioned requirements for the year ended September 30, 2017. This report is intended solely for the information and use of Immokalee Fire Control District and the Auditor General, State of Florida,and is not intended to be and should not be used by anyone other than these specified parties. 79144.0.tviiepsif„01. TUSCAN&COMPANY,P.A. Fort Myers, Florida April 17, 2018 INTEGRITY SERVICE EXPERIENCE 12621 World Plaza Lane,Building 55 •Fort Myers,FL 33907 • Phone: (239)333-2090•Fax: (239)333-2097 1 6 1 1 A 4 T� S .� Affiliations UFlorida Institute of Certified Public Accountants & Company, PA American Institute of Certified Public Accountants Private Companies Practice Section Certified Public Accountants&Consultants Tax Division Page 65 of 69 INDEPENDENT AUDITOR'S REPORT TO MANAGEMENT Board of Commissioners Immokalee Fire Control District 502 East New Market Road Immokalee,Florida 34142 We have audited the accompanying basic financial statements of Immokalee Fire Control District (the"District")as of and for the year ended September 30, 2017 and have issued our report thereon dated April 17,2018. We conducted our audit in accordance with auditing standards generally accepted in the United States of America;the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States of America and Chapter 10.550, Rules of the Florida Auditor General. We have issued our Independent Auditor's Report on Internal Control over Financial Reporting and Compliance and Other Matters based on an audit of the financial statements performed in accordance with Government Auditing Standards and Chapter 10.550, Rules of the Auditor General. Disclosures in those reports, which are dated April 17, 2018, should be considered in conjunction with this report to management. Additionally, our audit was conducted in accordance with Chapter 10.550, Rules of the Auditor General, which governs the conduct of local governmental entity audits performed in the State of Florida. This letter includes the following information, which is not included in the aforementioned auditor's reports: • Section 10.554(1)(i)1., Rules of the Auditor General, requires that we determine whether or not corrective actions have been taken to address findings and recommendations made in the preceding annual financial audit report. Prior year comments that have not been resolved are repeated and updated below. • Section 10.554(1)(i)2., Rules of the Auditor General, requires that we address in the management letter any recommendations to improve financial management. Such recommendations were noted to improve financial management. INTEGRITY SERVICE EXPERIENCE 12621 World Plaza Lane, Building 55 •Fort Myers,FL 33907•Phone: (239)333-2090•Fax:(239)333-2097 1 6 1 1 A 4 Page 66 of 69 • Section 10.554(1)(i)3., Rules of the Auditor General,requires that we address noncompliance with provisions of contracts or grant agreements,or abuse, that have an effect on the financial statements that is less than material but more than inconsequential. In connection with our audit,we did have such comments as noted below. • Section 10.554(1)(i)4., Rules of the Auditor General,requires that the name or official title and legal authority for the primary government and each component unit of the reporting entity be disclosed in the management letter,unless disclosed in the notes to the financial statements. The District discloses this information in the notes to the financial statements. • Section 10.554(1)(i)5.a.,Rules of the Auditor General,requires a statement be included as to whether or not the local government entity has met one or more of the conditions described in Section 218.503(1),Florida Statutes, and identification of the specific condition(s)met. In connection with our audit, we determined that the District did not meet any of the conditions described in Section 218.503(1),Florida Statutes. • Section 10.554(1)(i)5.b.,Rules of the Auditor General,requires that we determine whether the annual financial report for the District for the fiscal year ended September 30, 2017,filed with the Florida Department of Financial Services pursuant to Section 218.32(1)(a)Florida Statutes,is in agreement with the annual financial audit report for the fiscal year ended September 30,2017. In connection with our audit,we determined that these two reports were in agreement. • Pursuant to Sections 10.554(1)(i)5.c. and 10.556(7),Rules of the Auditor General,we have applied financial condition assessment procedures. It is management's responsibility to monitor the District's financial condition,and our financial condition assessment was based in part on representations made by management and the review of financial information provided by same. • Pursuant to Section 10.554(1)(i)5.d.,Rules of the Auditor General,requires a statement indicating a failure, if any,of a component unit Special District to provide financial information necessary to a proper reporting of the component unit within the audited financial statements of this District(F.S. Section 218.39(3)(b)). There are no known component special districts required to report within these financial statements. • Section 10.556(10)(a),Rules of the Auditor General,requires that the scope of our audit to determine the District's compliance with the provisions of Section 218.415, Florida Statutes,regarding the investment of public funds. In connection with our audit, we determined that the District complied with Section 218.415,Florida Statutes as reported in our Independent Accountant's Report on Compliance with Section 218.415, Florida Statutes dated April 17, 2018, included herein. 1 6 1 1 A 4 Page 67 of 69 PRIOR YEAR COMMENTS: Prior year comments that have been resolved have been deleted. Those remaining prior year comments each have a current year addendum which reflects the current status of the comment. 2016-01 Fixed Assets Must Have Permanent Tag Numbers During the audit, we noted eight(8)out of twenty-five(25)fixed assets selected for testing did not have permanent tag (markings)numbers. Per Florida Administrative Code 69I-73.004,each fixed asset shall be permanently marked with the identification number assigned to that fixed asset to establish its identity and ownership by the governmental unit holding title to the fixed asset. We recommend all fixed assets be properly marked. Current Year Addendum During the audit for the year ended September 30,2017,we noted none of the current year fixed asset additions were assigned permanent tag numbers. We,subsequently, retested ten (10)current year additions for permanent tag numbers and determined seven(7)current year additions had been properly tagged. Three of the items were not properly tagged. We continue to recommend all fixed assets be properly assigned and marked with identification numbers. 2016-05 District Accounting and Reporting Responsibility Should Be Determined and Assigned We have, in the past,recommended that the District increase accounting resources. In response to that comment the District contracted a third party CPA to assist and hired a part-time in-house assistant. For various reasons this took time to implement. Simultaneously,the District brought payroll in-house and decided to convert to QuickBooks. As such,effort and resources had to be focused on the payroll and QuickBooks conversion and current FY 2017 accounting activity. Reconciliation and clean-up for FY 2016 was delayed until the audit process began. As such,the contracted CPA, in-house personnel,employees from North Collier Fire Control and Rescue District along with the audit staff worked through the FY 2016 audit process which took an extended effort. The Board did hire a part time administrative assistant to help with accounting and administrative functions. The District,however,does not have adequate resources in-house to perform the complete accounting function. It should be noted since the new person is related to other District personnel, it inherently can cause independence issues and put the assistant in difficult situations. We recommend the Board consider this issue when assigning duties as part of resolving the District accounting issues. 1 6 1 1 A 4 Page 68 of 69 The accounting function is extremely important to ensure public funds are properly expended and,ultimately,it is the Board's responsibility. We recommend the future Chief coordinate with the Board and ensure proper and timely accounting so that the Board can make timely and informed financial decisions. We recommend that Board discuss and specifically determine who they want to be in charge of the District accounting function to ensure timely reporting. The Board then should communicate that direction and follow up monthly. Current Year Addendum On October 1,2017 the District entered into an Interlocal Agreement with North Collier Fire Control and Rescue District to perform certain management and administrative services which included the financial accounting function. As a result,the accounting data for the year ended September 30,2017 was reanalyzed and adjusted prior to audit and the previous year's comments were addressed and most were resolved. CURRENT YEAR COMMENTS: 2017-01 Non-Compliance with Florida Statute Chapter 189.015 During the audit,the District was unable to determine and provide support that the schedule of the Board of Commissioners meetings was sent to the Collier County Clerk. We recommend the District ensure compliance with the above Florida Statute and retain documentation of compliance. 2017-02 Grant Related Internal Control Should be Consistently Maintained During the audit,we noted a lack of internal controls and oversight over grant purchases and reporting in the first part of the year ended September 30,2017. This is consistent with prior year finding 2016-16,SAFER grant reimbursement requests submitted did not agree to actual expenses incurred. As a result of the prior year finding, the District established an inter-local agreement with another District to provide accounting assistance and oversight. With the assistance of the other District,internal controls over grants have improved and the SAFER reimbursement requests were subsequently reviewed,revised, and corrected during fiscal year 2017. Again,prior to the inter-local agreement,the District purchased items,with the intent of obtaining reimbursement through the Assistance to Firefighters Grant. Some of the items that were purchased were not approved under the grant agreement resulting in a i611A4 Page 69 of 69 denial for reimbursement by the grantor. With the assistance of the other District,the reimbursement request was subsequently revised and approved for payment by the grantor. However, subsequent to the year ended September 30,2017 it was determined that there was a mathematical error in the reimbursement request submission and the amount requested was incorrect,resulting in an overpayment. Due to the unapproved purchases and incorrect submissions the District was unable to maximize the grant. The District is working with the grantor agency on corrective action which may result in a request for reimbursement by the grantor in an amount of approximately$5,300. Pursuant to Chapter 119,Florida Statutes, this management letter is a public record and its distribution is not limited. Auditing standards generally accepted in the United States of America require us to indicate that this letter is intended solely for the information and use of the Board of Commissioners,management,the Auditor General of the State of Florida and other federal and state agencies. This report is not intended to be and should not be used by anyone other than these specified parties. 4410101/V i(244//671 I • TUSCAN&COMPANY,P.A. Fort Myers,Florida April 17,2018 16 % 1A4 EXHIBIT , 00K4te, 161 1 A 4 R Immokalee Fire Control District E E 502 New Market Road East, Immokalee, FL. 34142 Ave Maria Michael J. Choate, Fire Chief May 3, 2018 Auditor General's Office Local Government Audits/342 Claude Pepper Building, Room 401 111 West Madison Street Tallahassee, FL 32399-1450 The following details the Immokalee Fire Control District's response to the audit comments (prior and current) for the fiscal year ended 9-30-17: PRIOR YEAR COMMENTS: 2016-01 Fixed Assets Must Have Permanent Tag Numbers FYE 16 Comment: During the audit for the fiscal year ended 9-30-16, eight out of twenty five fixed assets selected for testing did not have permanent tag (markings) numbers. Per Florida Administrative Code 691- 73.004, each fixed asset shall be permanently marked with the identification number assigned to that fixed asset to establish its identity and ownership by the governmental unit holding title to the fixed asset. Current Year Addendum: During the audit for the year ended 9-30-17, it was noted that none of the current year fixed asset additions were assigned permanent tag numbers. We, subsequently, retested 10 current year additions for permanent tag numbers and determined seven current year additions had been property tagged. Three of the items were not properly tagged. We continue to recommend all fixed assets be properly assigned and marked with identification numbers. Response: A Standard Operating Procedure ("SOP")for the receipt and tagging of fixed assets has been instituted. All fixed assets are now tagged within thirty days of receipt of the item pursuant to that SOP. All items purchased in the 9-30-17 fiscal year have now been properly tagged per Florida Administrative Code 691-73.004. Staff remains committed to property tagging and tracking the District's fixed assets. The Fire Chief has identified compliance as a high priority for District staff. 2016-05 District Accounting and Reporting Responsibility Should be Determined and Assigned Administration(239)657-2111 Operations(239)657-8587 Fire Prevention(239)597-9227 Fax(239)657-9489 16 % 1A4 FYE 16 Comment(Summarized): We recommend the future Chief coordinate with the Board and ensure proper and timely accounting so that the Board can make timely and informed financial decisions. We recommend that Board discuss and specifically determine who they want to be in charge of the District accounting function to ensure timely reporting. The Board then should communicate that direction and follow up monthly. Current Year Addendum: On October 1, 2017 the district entered into an Interlocal Agreement ("ILA") with North Collier Fire Control and Rescue District ("NCFR") to perform certain management and administrative services which included the financial accounting function. As a result, the accounting data for the year ended September 30, 2017 was reanalyzed and adjusted prior to audit and the previous year's comments were addressed and most were resolved. Response: With the implementation of the ILA with NCFR, accounting and financial reporting responsibilities have been transitioned to their staff, including payroll, bank reconciliations, and monthly general ledger review and financial statement preparation. A monthly financial report is prepared for the Board of Fire Commissioners and included in their Board packets. Included in this financial report is the financial statement with budget to actual comparison, bank reconciliations, check registers and a comparison of current YTD to prior YTD revenue and expenses. CURRENT YEAR COMMENTS: 2017-01 Non-Compliance with Florida Statute Chapter 189.015: During the Audit the District was unable to determine and provide support that the schedule of the Board of Commissioners meetings was sent to the Collier County Clerk. We recommend the District ensure compliance wit hthe above Florida Statue and retain documentation of compliance. Response: A compliance checklist has been prepared and provided to staff identifying annual submittal requirements pursuant to Chapter 189.015. The 2017- 2018 schedule of Board of Fire Commission meetings was provided to the Collier County Clerk on March 13, 2018. 2017-02 Grant Related Internal Control Should be Consistently Maintained: During the audit, we noted a lack of internal controls and oversight over grant purchases and reporting in the first part of the year ended September 30, 2017. This is consistent with prior year finding 2016-16, Page 2 of 3 1 6 1 1 A 4 SAFER grant reimbursement requests submitted did not agree to actual expenses incurred. As a result of the prior year finding, the District established an inter-local agreement with another District to provide accounting assistance and oversight. With the assistance of the other District, internal controls over grants have improved and the SAFER reimbursement requests were subsequently reviewed, revised and corrected during fiscal year 2017. Again, prior to the inter-local agreement, the District purchased items, with the intent of obtaining reimbursement through the Assistance to Firefighters Grant. Some of the items that were purchased were not approved under the grant agreement resulting in a denial for reimbursement. With the assistance of the other District, the reimbursement request was subsequently revised and approved for payment by the grantor. However subsequent to the year ended September 30, 2017 it was determined that there was a mathematical error in the reimbursement request submissions and the amount requested was incorrect, resulting in an overpayment. Due to the unapproved purchases and incorrect submissions the District was unable to maximize the grant. The District is working with the grantor agency on corrective action which may result in a request for reimbursement by the grantor in an amount of approximately $5,300. Response: Pursuant to the ILA entered into with NCFR, financial and administrative services are provided, including grant report submission and review for compliance. Any future grants will be administered, maintained and reviewed to ensure compliance with the grantors requirements, and that all requests for reimbursement are submitted accurately. The District continues to improve financial reporting and compliance functions, and address any deficiencies in internal controls, policies and procedures. Close communication with our auditing firm, Tuscan & Co., PA is maintained to ensure all current and prior year comments are resolved. The Board of Fire Commissioners and management staff are committed to addressing and resolving all current and prior audit comments, and avoiding future possible comments. We have engaged qualified professionals through cooperative efforts with NCFR and maintain our assurance that future audits will reflect the actions we have taken. Sincerely, IMMOKALEE FIRE CONTROL DISTRICT Page 3 of 3 tlftifYrir^.vvvo=,wwai�ft� nu......au.w.c w.••............... ABSOLUTELY AIL AUTOS- Amnmr (2 L I 1 A 5 Wanted! Dead or Alive Top$ IN THE CIRCUIT COURT OF Mara er er (239) 252-8000 I f FREE PICK UP 239-265-6140 THE 20TH JUDICIAL CIRCUIT, e- cria8'ca.cjis20.era IN AND FOR COLLIER COUNTY January 1&8,2016 AU.CARS&TRUCKS�WANTED! CASE No. FLORIDA. No.817598 Top dollar.Cash today 112010CA0003460001XX 941-809-3660; 941-923-3421 1 r BAC FSK/ALO COUNTRYWIDE There's n0 place ke A. HOME LOANS SERVICING L.P., li o . s 13—... Plaintiff, hl�...lj@j'e, • . C..., vs. DONATE CAR JOHN E. ZIMMERMAN; Real Estate Help a Local Child KIMBERLY A. ZIMMERMAN; Tax D Lo cal Cha ANY AND ALL UNKNOWN Local 501c-3 non-profit THROUGH, CLAIMING UN ERAND Helping local children AGAINST THE HEREIN NAMED nadckids.com INDIVIDUAL DEFENDANT(S) 239-692-9840. M-F 10-5 WHO ARE NOT KNOWN TO BE 11414 1742 Commercial Dr. DEAD OR ALIVE, WHETHER Naples,FL 34112 SAID PARTIES MAY CLAIM AN trucks, RV's, cycles. Autos, INTEREST EVISEESASSPOUS GRANTEES,HEIRS, R r- $100K.Dave,(239)250-2000 OTHER CLAIMANTS;JOHN DOE 14Ca1,f ieds STEARNS MOTORS AND JANE DOE AS UNKNOWN MOST TRUS'>'ED ,;_. r , BUYER SIM 1977. ° All Vehicles wanted iMMOBALEE FIRE CONTROL DISTRICT Rod or Jim (239)774-7360 BOARD OF FIRE COMMISSIONERS 2016 REGULAR MEETING SCHEDULE A The Board of Fire Co oners of the lnunokalee Fire Control District wilt hold Regular etietinngs at 6;00 p.m.on the following n4 sc.Announcern=. January 14,2016 February 18,2016 SENIOR SOFTBALL 60+ March 17,2016 Mon.&Wed.,9:00 AM April 21,2016 Call Bob, (239)298-4582 May 19,2016 June 16,2016 ../..\. July 21,2016 August 18,2016 Legais I I I % September 15,2016 / October 20,2016 , November 17,2016 December 15,2016 11-2013-CA-003000-0001-XX IN Regular Meeting Locafipn; THE CIRCUIT COURT IFCD Headquarters(Fire Station 30) OF THE TWENTIETH JUDICIAL 502 New Market Rd.E. CIRCUIT, Iriimokalee,Florida 34142 IN AND FOR COLLIER COUNTY,FLORIDA April and October Meeting location: CASE NO.11-2013-CA-003000- 0001-XX Ave Maria Master Association Office HMC ASSETS, LLC SOLELY IN 5076 Ave enenca�Circle,Suite 103 Florida ITS CAPACITY AS SEPARATE 34142 TRUSTEE OF CAM X TRUST; Meetings are normally held on the third Thursday of each month, Plaintiff, . however may be rescheduled from time to time. A current vs. schedule of meetings is available on the District's website at MARIANNE LARSON; www.immflre.com UNKNOWN SPOUSE OF MARIANNE LARSON; ELI C. Meetings are open to the public and will be conducted In SANY MITH; VICTORIA P. SMITH; accordance with the provisions of Florida law. Copiesyof the PARTIES AND CLAIMING UNKNOWN to Agenda the dateany of of the partie cu parts icular ml eeting and may be obttainepdrby THROUGH, UNDER AND contacting the District Manager at(239)657-2111.Meetings may AGAINST THE HEREIN NAMED be continued as found necessary to a time and place specified INDIVIDUAL DEFENDANT(S) on the record. • WHO ARE NOT KNOWN TO BE DEAD OR ALIVE, WHETHER If any person decides to appeal any decision made with respect SAID UNKNOWN PARTIES to any matter consideredatthese meetings, such person will MAY CLAIM AN INTEREST need a record of the proceedings and such person may need to AS SPOUSES, HEIARS, Insure that a verbatim record of the proceedings is made at his DEVISEES, GRANTEES, or her own expense and which record includes the testimony OR OTGER CLAIMANTS; and evidence on which the appeal is based. FLAMINGO ESTATES CIVIC ASSOCIATION, INC. DBA In accordance with the provisions of the Americans with I, FLAMINGO ESTATES CIViC Disabilities Act,any person requiring special accommodations ASSOCIATION; UNKNOWN or an Interpreter to participate at any of these meetings should TENAT#1 IN POSSESSION OF contact the District Manager at (239) 657-2111 at least six (6) THE PROPERTY; UNKNOWN days prior to the date of the particular meeting. TENANT#2 IN POSSESSION OF January 1,2016 No.866818 ? t . 26D Wednesday,December 21,2016 Naples Daily News 1 6 ' 1 A 5 I Request for Bids ' Request for Bids CITY OF BONITA SPRINGS lier Co REQUEST FOR BIDS MAYHOOD PARK PLAYGROUND PROJECT-RFB-16-017 The City of Bonita Springs,Florida is soliciting sealed bids fr O lM qualified contractors to provide materials and services in connection with the MAYHOOD PARK PLAYGROUND PROJE stere Bonita Springs,Florida. iidual Bids Due:Thursday,January 12,2017 at 10:00 AM :o give Pre-bid conference:Tuesday,January 3,2017 at 1:00 PM onacco SCOPE OF WORK:Supply and install new play equipment,bore C cco ADA Ramp,and engineered wood fiber surfacing. Cz Additional work as defined in bid documents. Furnish e nent n H equipment labor materials,and incidentals required to pro pe e US complete the project in accordance with all applicable Natior 12-001 State,and local building Code requirements.All work and •etermaterials will be in accordance with the plans and speclficatio latero The contractor selected will be required to adhere to the F orad time parameters quoted. rlion a Contractor shall furnish all materials, equipment, labor, a I penincidentals to complete the project. roger Substantial Completion: Twenty-seven (27) days follow( ctu Notice to Proceed.Final Completion(includes final site cleanu am U forty-one(41)days following Notice to Proceed. :oust The CITY will rew� i� e a Public Construction Bond on this ro e on m A Bid Security_shall also be required estor COPIES OF CONTRACT DOCUMENTS: Official RFB documer it alte may be obtained from the cityy at 26740 Pine Ave, kpr a Bonita Springs, FL 34135, by calling (239) 992-2556 or kthe downloading these documents from the City's website at 1. www.cityofbonitasprings.org,Procurement tab. 2. December 21,2016 No.14107 3. "J( tMC' 4. COMMISSIONERS ERS 2017 FIRE REEGLDISTRICT BOARD ULAR MEETING SCHF FIRE EDULE The Board of Fire Commissioners of the Immokalee Fire Coen Coun ood District will hold Regular Meetings at 6:00 p.m.on the followb da tble ncev� January 12,2017 1,are( February 16,2017 ques March 16,2017 .ph o April 20,2017 May 25,2017 re th June 15,2017 'Ifbe July 20,2017 who August 17,2017 men September 21,2017 Is an October 19,2017 pate November 16,2017 onal December 14,2017 lic ci hanct Regular Meeting Location: led area IFCD Headquarters(Flre Station 30) Cent( Immokalleee,Florida 34142 plait♦ or c1April and October Meeting location: I con rgHat e A5876�Master Associationundation Office Flo Ave Maria,Florida 34142 @ 103 sato ?d f Meetings are normally held on the third Thursday of each :nts month,however may be rescheduled from time to time.A iov.n current schedule of meetings is available on the District's website at www.immfire.com J Meetings are open to the public and will be conducted in accordance with the provisions of Florida law.Copies of the Agenda for any of the meetings will be available seven(7)day prior to the date of the particular meeting and may be obtaine by contacting the District Manager at(239)657-2111.Meeting may be continued as found necessary to a time and place specified on the record. 40.... If an,,narenn aiani,I 4.. 1__.._..__,.. ... 161 1A6 N01:111 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT BOARD OF FIRE COMMISSIONERS M.James Burke •Christopher L.Crossan•Norman E. Feder•J. Christopher Lombardo•John 0. McGowan May 16, 2018 Mr. Derek Johnson, General Accounting Manager Clerk of the Circuit Court, Finance Department 3299 Tamiami Trail East, #403 Naples, FL 34112 Sent via Federal Express Dear Mr. Johnson: Enclosed please a copy of the District's audit for the fiscal year ended 9-30-17. Please contact me if you have any questions or would like to receive an electronic copy of the audit. Very truly yours, &/_".,&/ 7C d Z BECKY BRONSDON Chief Financial Officer r - Co _ crt Co 1885 Veterans Park Drive Naples, FL 34109•(239)597-3222•Fax(239)597-7082■ www.northcollierfire.com 161 1 A 6 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT BASIC FINANCIAL STATEMENTS TOGETHER WITH ADDITIONAL REPORTS YEAR ENDED SEPTEMBER 30,2017 1 6 1 1 A 6 TABLE OF CONTENTS Page(s) INDEPENDENT AUDITOR'S REPORT 1 4 MANAGEMENT'S DISCUSSION AND ANALYSIS(MD&A) i-xi BASIC FINANCIAL STATEMENTS GOVERNMENT-WIDE FINANCIAL STATEMENTS: Statement of Net Position 5 Statement of Activities 6 FUND FINANCIAL STATEMENTS: Governmental Funds: Balance Sheet 7 Reconciliation of the Balance Sheet of Governmental Funds to the Statement of Net Position 8 Statement of Revenues,Expenditures and Changes in Fund Balance 9 Reconciliation of the Statement of Revenues,Expenditures and Changes in Fund Balance of Governmental Funds to the Statement of Activities 10 Fiduciary Fund-Firefighters'Pension Plan: Statement of Fiduciary Net Position 11 Statement of Changes in Fiduciary Net Position 12 NOTES TO THE FINANCIAL STATEMENTS 13-75 OTHER INFORMATION COMBINING FINANCIAL STATEMENTS BY SERVICE DELIVERY AREA Governmental Funds Combining Balance Sheet-General Fund-by Service Delivery Area 76 Combining Statement of Revenues,Expenditures, and Changes in Fund Balance- General Fund-by Service Delivery Area 77 REQUIRED SUPPLEMENTARY INFORMATION OTHER THAN MD&A NORTH NAPLES SERVICE DELIVERY AREA BUDGET TO ACTUAL COMPARISON-MAJOR FUNDS (General and Special Revenue Funds) Statement of Revenues,Expenditures and Changes in Fund Balance-Budget and Actual- General Fund-Summary Statement 78 Statement of Revenues,Expenditures and Changes in Fund Balance-Budget and Actual - General Fund-Detailed Statement 79-81 BIG CORKSCREW ISLAND SERVICE DELIVERY AREA BUDGET TO ACTUAL COMPARISON-MAJOR FUNDS(General and Special Revenue Funds) Statement of Revenues,Expenditures and Changes in Fund Balance-Budget and Actual- General Fund-Summary Statement 82 Statement of Revenues,Expenditures and Changes in Fund Balance-Budget and Actual- General Fund-Detailed Statement 83-85 1611A6 TABLE OF CONTENTS(CONTINUED) Page(s) COMBINED SERVICE DELIVERY AREAS Statement of Revenues,Expenditures and Changes in Fund Balance-Budget and Actual- Impact Fee Fund-Combined Service Delivery Areas Summary Statement 86 Statement of Revenues,Expenditures and Changes in Fund Balance-Budget and Actual - Impact Fee Fund-Combined Service Delivery Areas Detailed Statement 87 BUDGET TO ACTUAL COMPARISON-OTHER NON-MAJOR GOVERNMENTAL FUND Special Revenue Fund: Statement of Revenues,Expenditures and Changes in Fund Balance-Budget and Actual- Inspection Fee Fund-Summary Statement 88 Statement of Revenues,Expenditures and Changes in Fund Balance-Budget and Actual- Inspection Fee Fund-Detailed Statement 89-90 SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS 91 NOTES TO THE SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS 92 OTHER REQUIRED SUPPLEMENTARY INFORMATION Schedule of District's Proportionate Share of the Net Pension Liability-Florida Retirement System Pension Plan(FRS) 93 Schedule of District Contributions-Florida Retirement System Pension Plan(FRS) 93 Schedule of District's Proportionate Share of the Net Pension Liability-Health Insurance Subsidy Pension Plan (HIS) 94 Schedule of District Contributions-Health Insurance Subsidy Pension Plan(HIS) 94 Notes to the Required Supplementary Information 95-96 ADDITIONAL REPORTS Independent Auditor's Report on Internal Control over Financial Reporting and on Compliance and Other Matters Based on an Audit of Basic Financial Statements Performed in Accordance with Government Auditing Standards 97-98 Independent Auditor's Report on Compliance for Each Major Program and on Internal Control Over Compliance Required by the Uniform Guidance 99-101 Schedule of Findings and Questioned Costs-Federal Awards 102-103 Independent Accountant's Report on Compliance with Section 218.415,Florida Statutes 104 Independent Auditor's Report to Management 105-107 Management's Response to Independent Auditor's Report to Management Exhibit 161 1A6 T Il'�f 4 S CAN Affiliations Florida Institute of Certified Public Accountants & Company, PA American Institute of Certified Public Accountants Private Companies Practice Section Certified Public Accountants&Consultants Tax Division INDEPENDENT AUDITOR'S REPORT Board of Commissioners North Collier Fire Control and Rescue District 1885 Veterans Park Drive Naples,Florida 34109-0492 Report on the Financial Statements We have audited the accompanying financial statements of the governmental activities,each major,the non-major fund and the fiduciary fund type of North Collier Fire Control and Rescue District(the "District")as of and for the year ended September 30,2017,and the related notes to the financial statements,which collectively comprise the District's basic financial statements as listed in the table of contents. Management's Responsibility for the Financial Statements 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. Auditor's Responsibility Our responsibility is to express an opinion on these financial statements based on our audit.We did not audit the financial statements of North Collier Fire Control and Rescue District Firefighters'Pension Trust Fund("Pension Fund")as of and for the year ended September 30,2017,which represent 100%of the assets,liabilities and net position as well as 100%of the revenue and expenses of the District's Fiduciary Fund. Those financial statements were audited by other auditors whose report thereon has been furnished to us,and our opinion, insofar as it relates to the amounts included for North Collier Fire Control and Rescue District Firefighters' Pension Trust Fund, is based on the report of the other auditors. We also did not audit the financial statements of the Florida Retirement System Pension Plan(FRS)or Health Insurance Subsidy Pension Plan(HIS)as of and for the year ended June 30,2017. The District is required to record its proportionate share of the FRS and HIS liability in the District's government-wide financial statements as of September 30,2017 and for the year then ended. The Florida Retirement System financial statements were audited by other auditors whose reports have been furnished to us,and our opinion,insofar as it relates to the amounts included for the District's government-wide financial statements,are based on the reports of the other auditors. 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 of America. 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 auditor's 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 auditor considers internal control relevant to the District's preparation and fair INTEGRITY SERVICE EXPERIENCE 12621 World Plaza Lane, Building 55 • Fort Myers, FL 33907 • Phone: (239)333-2090• Fax: (239)333-2097 161 1A6 Board of Commissioners North Collier Fire Control and Rescue District Page 2 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 District'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 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. Summary of Opinions Opinion Unit Type of Opinion Governmental Activities Unmodified General Fund Unmodified Impact Fee Fund Unmodified Inspection Fee Fund Unmodified Firefighters'Pension Trust Fund Unmodified Opinions Unmodified Opinions In our opinion,based on our audit and the report of other auditors,the financial statements referred to above present fairly,in all material respects,the respective financial position of the governmental activities,each major fund,the non-major fund and the fiduciary fund type of North Collier Fire Control and Rescue District as of September 30, 2017,and the respective changes in financial position,for the year then ended in accordance with accounting principles generally accepted in the United States of America. Matter of Emphasis During the year ended September 30,2017,the District's unrestricted net asset balance remained a deficit of $3,046,464,due substantially to recording the current year actuarially determined OPER increase in the liability of $743,237 and the District's increase in its proportionate share of its pension liability of$686,291. The total OPEB and net pension liability at September 30,2017 were$3,755,838 and$16,738,173,respectively. This is a non-cash actuarially determined liability related to the future cost of allowing retirees to remain on the District's health care policy and for paying a portion of retiree coverage. The pension liability is a non cash actuarially determined liability for the District's participation in the State's FRS defined benefit retirement system. The District's fund balance remains approximately equal to three(3)months budgeted expenditures. Our opinion was not modified for this matter. Other Matters Required Supplementary Information Accounting principles generally accepted in the United States of America require that the management's discussion and analysis on pages i-xi,Schedule of the District's Proportionate Share of the Net Pension Liability-Florida Retirement System Pension Plan(FRS),Schedule of District Contributions-Florida Retirement System Pension Plan(FRS), Schedule of the District's Proportionate Share of the Net Pension Liability-Health Insurance Subsidy Pension Plan(HIS),Schedule of District Contributions-Health Insurance Subsidy Pension Plan(HIS)and Notes to the Required Supplementary Information,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 which considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational,economic,or 16t1A6 Board of Commissioners North Collier Fire Control and Rescue District Page 3 historical context. We have applied certain limited procedures to the required supplementary information- management's discussion and analysis(MD&A),Schedule of the District's Proportionate Share of the Net Pension Liability-Florida Retirement System Pension Plan(FRS),Schedule of District Contributions-Florida Retirement System Pension Plan (FRS),Schedule of the District's Proportionate Share of the Net Pension Liability -Health Insurance Subsidy Pension Plan (HIS),Schedule of District Contributions-Health Insurance Subsidy Pension Plan(HIS),and Notes to the Required Supplementary Information,as listed in the table of contents,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 required supplementary information-management's discussion and analysis (MD&A), Schedule of the District's Proportionate Share of the Net Pension Liability-Florida Retirement System Pension Plan(FRS),Schedule of District Contributions-Florida Retirement System Pension Plan(FRS), Schedule of the District's Proportionate Share of the Net Pension Liability-Health Insurance Subsidy Pension Plan(HIS),Schedule of District Contributions-Health Insurance Subsidy Pension Plan(HIS),and Notes to the Required Supplementary Information,as listed in the table of contents,because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance. Other Required Supplementary Information Our audit was conducted for the purpose of forming an opinion on the financial statements that collectively comprise North Collier Fire Control and Rescue District's basic financial statements.The required supplementary information other than MD&A-budgetary comparison information is presented for purposes of additional analysis and is not a required part of the basic financial statements.The required supplementary information other than MD&A budgetary comparison information is the responsibility of management and was derived from and relates directly to the underlying accounting and other records used to prepare the basic financial statements. Such information has been subjected to the auditing procedures applied in the audit of the basic financial statements and certain additional procedures,including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the basic financial statements or to the basic financial statements themselves,and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion,the required supplementary information other than MD&A-budgetary comparison information is fairly stated,in all material respects, in relation to the basic financial statements as a whole. Our audit was conducted for the purpose of forming an opinion on the financial statements that collectively comprise the North Collier Fire Control and Rescue District's basic financial statements. The accompanying Schedule of Expenditures of Federal Awards-year ended September 30,2017 as required by the U.S. Office of Management and Budget Uniform Guidance, "U.S.Code of Federal Regulations(CFR)Part 200,Uniform Administrative Requirements,Cost Principles,and Audit Requirements for Federal Awards" is presented for purposes of additional analysis and is not a required part of the basic financial statements. Such information is the responsibility of management and was derived from and relates directly to the underlying accounting and other records used to prepare the basic financial statements. Such information has been subjected to the auditing procedures applied in the audit of the financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the basic financial statements or to the basic financial statements themselves,and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion,the accompanying Schedule of Expenditures of Federal Awards for the year ended September 30,2017 is fairly stated, in all material respects,in relation to the basic financial statements as a whole. 1 6 I 1 A 6 Board of Commissioners North Collier Fire Control and Rescue District Page 4 Other Information Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the District's basic financial statements. The combining financial statements as listed in the table of contents,are presented for purposes of additional analysis and are not a required part of the basic financial statements. The combining financial statements are the responsibility of management and were derived from and relate directly to the underlying accounting and other records used to prepare the basic financial statements. Such information has been subjected to the auditing procedures applied in the audit of the basic financial statements and certain additional procedures,including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the basic financial statements or to the basic financial statements themselves,and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion,the combining financial statements are fairly stated,in all material respects, in relation to the basic financial statements as a whole. Our audit was conducted for the purpose of forming an opinion on the financial statements that collectively comprise the District's basic financial statements. The Exhibit-Management's Response to Independent Auditor's Report to Management is not a required part of the basic financial statements but is required by Government Auditing Standards. Such information has 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 Section 218.415,Florida Statutes In accordance with Section 218.415,Florida Statutes,we have also issued a report dated February 23,2018,on our consideration of North Collier Fire Control and Rescue District's compliance with provisions of Section 218.415, Florida Statutes. The purpose of that report is to describe the scope of our testing of compliance and the results of that testing,and to provide an opinion on compliance with the aforementioned Statute. That report is an integral part of an audit performed in accordance with Sections 218.39 and 218.415,Florida Statutes in considering North Collier Fire Control and Rescue District's compliance with Section 218.415,Florida Statutes. Other Reporting Required by Government Auditing Standards In accordance with Government Auditing Standards,we have also issued our report dated February 23,2018,on our consideration of the District's internal control over financial reporting and on our tests of its compliance with certain provisions of laws,regulations,contract 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 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 North Collier Fire Control and Rescue District's internal control over financial reporting and compliance. 41442 6f id P141 I -?7,1• TUSCAN&COMPANY,P.A. Fort Myers,Florida February 23,2018 161 1 A6 MANAGEMENT'S DISCUSSION AND ANALYSIS (MD&A) 161 1 A6 Management's Discussion and Analysis of Financial Statements FYE September 30,2017 This Discussion and Analysis of the North Collier Fire Control & Rescue District's ("The District") basic financial statements is provided to assist the reader in understanding the District's financial activities and significant changes in ending financial position for the fiscal year ended September 30, 2017. These statements include the requirements of GASB Statements#34 and#68 and incorporate those annual reporting requirements, as well as the financial statement format and presentation. Contained within are the basic financial statements, consisting of the government-wide financial statements, governmental fund and fiduciary fund financial statements and related notes to the financial statements. This Discussion and Analysis will also provide an analytical overview of these statements, including comparisons of the District's financial position at September 30, 2017 versus September 30, 2016. District Highlights 1. At the conclusion of fiscal year 2017, the District's assets exceeded its liabilities, resulting in net assets of$28,256,992 as compared to net assets at September 30, 2016 of$27,105,254. 2. The District had ($3,046,464) deficit of unrestricted net assets at September 30, 2017 as compared to($4,523,592) of unrestricted net assets at September 30, 2016. The amount of unrestricted net assets decreased by$1,477,128. 3. Total revenues on the government-wide funds basis decreased$81,705 or.01% percent, in comparison to the prior year. 4. Total expenses on the government-wide basis decreased by$5,934,867 or 15% percent, in comparison to the prior year. Government-wide Financial Statements Government-wide financial statements (Statement of Net Position and Statement of Activities found on pages 5 and 6) are intended to allow a reader to assess a government's operational accountability. Operational accountability is defined as the extent to which the government has met its operating objectives efficiently and effectively, using all resources available for that purpose, and whether it can continue to meet its objectives for the foreseeable future. Government-wide financial statements concentrate on the District as a whole and do not emphasize fund types. The Statement of Net Position (page 5)presents information on all of the District's assets and liabilities, with the difference between the two reported as net assets. The District's capital assets are included in this statement and reported net of their accumulated depreciation. The Statement of Activities (page 6) presents revenue and expense information showing how the District's net assets changed during the fiscal year. Both statements are measured and reported using the economic resource measurement focus (revenues and expenses) and the accrual basis of accounting (revenue recognized when earned and expense recognized when incurred). BJB/bb 3-22-18 1 6 1 1 A 6 Governmental Fund Financial Statements The accounts of the District are organized on the basis of governmental funds, each of which is considered a separate accounting entity. The operations of each fund are accounted for with a separate set of self-balancing accounts that comprise its assets, liabilities, fund equity or retained earnings, revenues and expenditures. Government resources are allocated to and accounted for in individual funds based upon the purpose for which they are to be spent and the means by which spending activities are controlled. Governmental fund financial statements (found on pages 7 and 9)are prepared on the modified accrual basis using the current financial resources measurement focus. Under the modified accrual basis of accounting, revenues are recognized when they become measurable and available as net current assets. Fiduciary Fund The fiduciary fund is used to account for resources held for the benefit of retired employees that participated in the District's Firefighters' Pension Plan (Plan2). The fiduciary funds are not reflected in the government-wide financial statements because the resources of this fund are not available to support the District's programs. The accounting used for the fiduciary fund is much like that used for governmental proprietary funds. The fiduciary fund financial statements can be found on pages 11 and 12. Notes to the Financial Statements The notes to the financial statements explain in detail some of the data contained in the preceding statements and begin on page 13. These notes are essential to a full understanding of the data provided in the government-wide and fund financial statements. Government-Wide Financial Analysis The government-wide financial statements are designed so that the user can determine if the District's financial condition is better or worse than the prior year. BJB/bb 3-22-18 11 1 6 1 1 A 6 The following is a Condensed Summary Statement of Net Position for the District (Primary Government) at September 30,2017 and 2016: Summary Statement of Net Position September 30 Assets: 2017 2016 Current and Other Assets $12,632,056 $16,150,216 Capital Assets 33,961,755 32,071,231 Total Assets 46,593,811 48,221,447 Deferred Outflows - Pensions 16,996,941 10,196,042 Liabilities: Current Liabilities 3,994,787 2,949,560 Non-Current Liabilities 24,897,875 21,503,983 Total Liabilities 28,892,662 24,453,543 Net Position: Deferred Inflows- Pensions 6,441,098 6,858,692 Net Investment in Capital Assets 31,283,401 31,623,903 Restricted 20,055 4,943 Unrestricted (deficit) (3,046,464) (4,523,592) Total Net Position $28,256,992 $ 27,105,254 Current and other assets represent 27 percent of total assets at September 30, 2017, as compared to 33 percent at September 30, 2016. Current assets at September 30, 2017 are comprised of unrestricted cash balances of$8,599,078, restricted cash of$2,105,566, due from other governments of $355,117, other receivables of $396,317 and other assets of $1,175,978. The balances of unrestricted cash represent amounts that are available for spending at the discretion of the Board of Fire Commissioners of the District. Restricted cash balances are comprised of the impact fee funds restricted for the purchase of capital assets, and unspent inspections fee revenue restricted to support the inspection of new construction. The net investment in capital assets represent 111 percent of net assets at September 30, 2017, as compared to 117 percent at September 30, 2016. These assets are comprised of land, buildings, improvements, equipment, furniture, and vehicles, net of accumulated depreciation, and the outstanding related debt used to purchase the assets. The assigned fund balance of$7,744,006 represents resources available for spending at September 30, 2017. However, the District's Board has specifically assigned those resources to particular uses. BJB/bb 3-22-18 111 1 6 1 1 A 6 Summary of Revenues,Expenses and Changes in Net Assets For the Years Ended September 30,2017 and September 30,2016 Revenues: 2017 2016 General Revenues Ad Valorem Taxes $30,739,575 $28,115,468 Charges for Services 2,154,236 2,249,466 Program Revenues Grants 1,148,036 671,753 Miscellaneous Impact Fees 196,157 2,493,945 Investment Earnings 61,853 54,184 Gain (Loss) on Disposition of Capital Assets (67,538) (71,583) Other 519,171 1,319,962 Total Revenues 34,751,490 34,833,195 Expenses: Public Safety—Fire/Rescue Service 33,599,752 39,534,619 Increase (Decrease) in Net Position 1,151,738 (4,701,424) Net Position-Beginning of Year 27,105,254 31,806,678 Net Position-End of Year $28,256,992 $27,105,254 BJR/bb 3-22-18 iv 1611A6 The assessed value of the property within the North Naples Service Delivery Area increased 9.5 percent for the 2016-2017 fiscal year as compared to the prior year's assessed value, resulting in an increase in Ad Valorem tax revenues of$2,156,846. The property values in the North Naples Service Delivery Area decreased by 25 percent during the fiscal years 2007-2012, resulting in a decrease in Ad Valorem revenue. While property values have increased between 2012 and 2017, property value in the North Naples Service Delivery Area is still 1 percent lower FYE 9-30-17 than it was in FYE 9- 30-07. The Board adopted a millage rate of 0.95 mils in the North Naples Service Delivery Area taxing unit, or$0.95 for every $1,000 of taxable property value. This millage rate was 6.51 percent more than the rolled back rate (the taxing rate necessary to generate the same Ad Valorem revenue as was generated during the 2015-2016 fiscal year) of.8919. The assessed value of the property within the Big Corkscrew Island Service Delivery Area increased just under 12 percent for the 2016-2017 fiscal year as compared to the prior year's assessed value, resulting in an increase in Ad Valorem tax revenues of $467,261. The property values in the Big Corkscrew Island Service Delivery Area decreased by 66 percent during the fiscal years 2007-2012, resulting in a decrease in Ad Valorem revenue. While property values have increased between 2012 and 2017, property value in the Big Corkscrew Island Service Delivery Area is still 49 percent lower FYE 9-30-17 than it was in FYE 9-30-07. The Board adopted a millage rate of 3.45 mils in the Big Corkscrew Island Service Delivery Area taxing unit, or$3.45 for every$1,000 of taxable property value. This millage rate was 6.20 percent more than the rolled back rate (the taxing rate necessary to generate the same Ad Valorem revenue as was generated during the 2015-2016 fiscal year) of 3.2485. Prior to the 2007-2008 fiscal year, the increase in Ad Valorem revenue resulting from the increase in property value was sufficient to provide adequate funds to support operational, capital and reserve financial requirements in the District without increasing the millage rate. While property values have been on the increase over the last few years, the increases have not been sufficient to prevent the use of reserves to fund capital purchases. The following chart identifies the change in appraised property values in the District by service delivery area and the millage rate maintained by the District. B]B/bb 3-22-18 V 1 6 1 1 A 6 Big Corkscrew SDA Property Value 53.000,000000 52,500.000,000 $2.000,000.000 51,500.000.000 51350,(0(3.00:: 5500.003',003. liiiitI 2C) 7-M 7315 201, 2302 33.11 21:10. 2010 2007 2006 2230 2071.1 2003 33)32 2001 2000 1999 1996 1997 1996 North Naples SDA Property Value $35,000,000.000 530.050.000,000 520.003.005,01;:. $2C!X!0,(00 0.. 311,000.000,9:3. 010.000,000000 $1,000,000.05!' I I I 1 2017 2016 3015 2014 21.13 2012 2011 2510 2009 2006 2007 200E 2303. 2004 71)04 30l!2 2001 200(! 1991 193E 1997 BJB/bb 3-22-18 V1 1 6 I 1 A 6 Fund Balance—Governmental Fund Financial Statements Historically, the Board of Fire Commissioners' directive was to utilize the fund balance and cash reserves of the General Fund to fund only capital purchases and improvements, and to maintain the District's financial position. However, specific circumstances during the 2016-2017 fiscal year required the use of reserves to fund operating expenses. The District was challenged with two significant hurricanes (Matthew and Irma) and the worst brush fire season in more than 20 years,resulting in significant expenses to the General Fund. Second, the District's Chapter 175 Firefighters' Pension Fund revised plan assumptions, including mortality rates and investment return rates,which resulted in a significant increase in the District's required pension contribution. These factors resulted in the District utilizing $2.7 million of reserves to fund these operating expenses. The remaining $1.6 million of reserves used were for capital purchases. The total fund balance of the General Fund was $8,919,984 at September 30, 2017, including the nonspendable amount of$1,175,978 restricted for prepaid expenses, and $7,744,006 of assigned reserves. .This fund balance reflects a decrease of$4,362,606 (used as identified above) as compared to the fund balance at the year ended September 30, 2016. It should be noted that the District anticipates reimbursement of approximately$1 million from FEMA for many of the Hurricane Irma expenses incurred. Receipt of these reimbursement funds is expected sometime during the 2018-2019 fiscal year, and will be used to replenish the District's General Fund reserves. While assigned reserves have been established and maintained in accordance with anticipated future needs of the District, it must be noted that the need may arise for the Board to unassign a portion of these reserves to fund the District's operations should property values fall or other unforeseen circumstances arise. The following General Fund Assigned Reserves were approved for the fiscal year ended September 30, 2017: NonSpendable Fund Balance Amount General Fund Prepaid Expenses $ 1,175,978 Assigned Fund Balance Amount Operating Reserve—First Quarter $ 6,588,668 Minimum Operating Reserve per Policy 1,155,338 Total Assigned Reserves $7,744,006 Total General Fund Reserves $8,919,984 The assigned reserves have been established by the Board of Fire Commissioners to meet the future needs of the District, specifically operating expenses for the first quarter of the fiscal year prior to receipt of Ad Valorem revenue. Impact Fees With the creation of the North Collier Fire Control and Rescue District in January 2015, an impact fee study was performed to establish impact fee rates for the new District. However, that study was not completed and new rates were not adopted until October 1, 2016. Therefore, each service delivery area retained their original impact fee rates and structure until the 2016-2017 fiscal year when one impact fee rate was established District-wide and one impact fee fund was in effect for the entire District. Total impact B]B/bb 3-22-18 Vii 1 6 1 1 A 6 fee receipts were$1,218,227, a decrease of$1,456,082 or 54 percent as compared to the prior year. This decrease is due to a change in the structure of impact fee rates which resulted from the 2015 Impact Fee Study. Prior year impact fee assessments were based on a structure's square footage. The new rate structure bases fees on structure usage classifications and the methodology utilizes population rather than emergency call volume. Total Impact Fee Fund expenses for the 16-17 fiscal year were$215,599, consisting of Collier County collection fees,permitting and engineering fees for vacant land,emergency traffic signal engineering fees, and debt service payment for land purchased in the Big Corkscrew service delivery area. Inspection Fees Inspection fee revenue for the year ended September 30, 2017 was$1,625,976 representing a decrease of$118,160 or 7 percent as compared to inspection fee revenue in the prior fiscal year(2016). In June of 2014, the District terminated its Interlocal Agreement with the Fire Code Official's office to provide fire plan review services and assumed the responsibility for those plan reviews. As a result$794,093 of the fund's revenue was attributable to plan review fees. The Inspection Fee Fund did not have sufficient revenue in the 2016-2017 fiscal year to fully support the functions associated with new construction inspections and plan reviews. Based on receipts for the first half of the 2017-2018 fiscal year for both inspection fees and plan review fees, it is anticipated this fund will continue to face challenges in terms of being self-supporting. This is largely because the new construction inspection fee rates have not been increased since 2003. The Board conducted a workshop in the Spring of 2018 and has determined rate increases are needed. The Board further directed staff to closely monitor this fund. Budgetary Highlights Budget versus actual comparisons are reported in the required supplementary information other than management's discussion and analysis on pages 78 through 90 and are reflected by taxing subunit (service delivery area). The amendments to General Fund revenue were necessary to reflect an increase in Ad Valorem tax revenue received resulting in collection above the 95 percent subject to budget requirements, to reflect a reduction in certain service fees based on actual receipts, and to reduce cell tower rental revenue which erroneously included a one-time bonus payment in the prior year and was incorrectly incorporated into the 16-17 budget. By these amendments,General Fund revenue was increased by $1,964,350. The amendments to the General Fund expenditures were a result of several factors. Budgeted personnel expenses were increased by$2,966,027 to reflect the increase in contribution rate for the Chapter 175 Firefighters' Pension Plan resulting from the change in actuarial assumptions, the increase in overtime related to the hurricanes and brush fires, and an increase in worker's compensation insurance costs. Amendments were also made to operational expenses (an increase of$110,509 mostly attributable to additional vehicle and building maintenance costs, and expenses relating to Hurricane Irma), debt service (a reduction of$39,999 to reclass Enterprise vehicle leases) and capital expenses (a decrease of$393,037) to offset some of the other category increases. BJB/bb 3-22-18 viii 1 6 1 1 A 6 Capital Assets Non-depreciable capital assets include land and construction in progress. Depreciable assets include buildings, improvements other than buildings,equipment, furniture and vehicles. The following is a schedule of the District's capital assets as of September 30, 2017 and 2016. Capital Assets September 30 Capital Assets 2017 2016 Land $12,823,117 $12,823,117 Construction in Progress 1,296,888 1,182,089 Total Capital Assets not Depreciated 14,120,005 14,005,206 Assets Held Under Capital Lease 2,720,300 160,240 Buildings 20,475,332 20,170,551 Vehicles 9,000,165 10,699,510 Office Equipment 1,337,546 1,189,683 Equipment& Machinery 4,008,407 4,265,229 Total Capital Assets Being Depreciated 37,541,750 36,485,213 Accumulated Depreciation Assets Held Under Capital Lease (288,626) (91,249) Buildings (7,293,433) (6,840,205) Vehicles (6,597,072) (7,775,210) Office Equipment (686,173) (669,984) Equipment&Machinery (2,834,696) (3,042,540) Total Accumulated Depreciation (17,700,000) (18,419,188) Total Capital Assets being Depreciated, Net 19,841,750 18,066,025 Capital Assets—Net of Depreciation 33,961,755 32,071,231 Less: Capital Lease/Note Payables (2,678,354) (447,328) Net Assets Invested in Capital Assets Net of Related Debt $31,283,401 $31,623.903 Significant capital asset purchases made during the fiscal year ended September 30, 2017 include: 1. Three replacement fire engines and one replacement ladder truck totaling $2,560,060. 2. Three replacement sets of hydraulic tools totaling $87,572. 3. Three performance load stretchers and power packs for squad units purchased in previous year totaling$53,595. 4. Other replacement fire equipment$44,685. 13.11I/bb 3-22-18 ix 16I1A6 5. Two replacement thermal imaging cameras totaling $12,050. 6. Fifty-one sets of replacement Bunker Gear totaling$104,542. 7. Replacement bay doors and training tower renovations totaling$197,385. 8. Eight replacement mobile data terminals (computers in fire engines) totaling $35,272. 9. Video conferencing hardware totaling$131,972. 10. Apparatus mobile lift totaling$52,833. For additional information on the District's capital assets, see Note E on pages 36 and 37. Debt Administration As of September 30, 2017, the District had long term obligations of$25,200,645, as compared to $21,590,860 at September 30, 2016 an increase of$3,609,785 or 17 percent. The significant increase is largely due to the increase in FRS liability totaling$1,129,118 and the initiation of a capital lease to purchase three pumper trucks and one ladder truck of$2,546,268. That debt consists of: 1. Compensated absences (accrued vacation liability) in the amount of$2,028,280, as compared to$2,079,049 at September 30, 2016. The decrease in this liability is due to an increase in the number of District employees who entered the DROP retirement program and were paid in full for accumulated vacation absences. 2. OPEB obligation of$3,775,838 as compared to$3,012,601 at September 30, 2016, representing post employment health insurance obligations pursuant to GASB No. 45. The increase in this obligation is due to the increase in the number of employees and the unification of the Collective Bargaining Agreement. 3. Capital leases for medical equipment and fire apparatus identified above in the total amount of$2,333,354. The lease to purchase agreement for 12 Lucas Chest Compressors was entered into in 2013 as and is a principal only lease, with no associated interest cost. The lease purchase agreement for the three fire engines (pumpers) and one ladder truck was entered into on January 15, 2016. 4. Note payable for the purchase of land in the amount of$345,000. 5. Pension liability(FRS) in the amount of$11,477,584 (see Note F). 6. Pension liability(HIS) in the amount of$2,270,390(see Note F). 7. Pension liability(Ch. 175) in the amount of$2,990,199 (see Note F). Economic Facts and Next Year's Budget Millage Rates The following factors were taken into consideration when the budget for the fiscal year ending September 30, 2018 was prepared: 1. Appraised taxable property values increased by $2,308,504,636, or 8 percent for tax year 2017 (FY 2018) in the North Naples service delivery area as compared to an increase of 9 percent in 2016. In the Big Corkscrew service delivery area, taxable property values increased by$202,204,923 or 15 percent for tax year 2017 (FY 2018) as compared to an increase of 12 percent in 2016. 2. The Board adopted a slightly increased millage rate of 1.00 mils in the North Naples service delivery area and 3.50 mils in the Big Corkscrew service delivery area for the fiscal year ending September 30, 2018. The Board believes this modest increase was necessary to replace some of the reserves used in the 16-17 IJsmh 3-22-18 x 1 6 1 1 A 6 year, especially with the anticipated decrease to revenue in the future which will result in the initiation of an additional homestead exemption. The Board has expressed the desire to continue to move towards one unified taxing rate District wide, and is considering the alternative of the addition of a non-ad valorem fire fee assessment. 3. No use of General Fund reserves has been budgeted; addition to reserves or debt reduction in the amount of$1.3 million is budgeted. Capital purchases are limited to replacement air conditioning units and bay doors totaling$64,000, replacement fire equipment in the amount of$50,000, replacement protective gear in the amount of$100,000, medical equipment in the amount of$85,000 and computer equipment totaling$65,000. Request for Information This financial report is designed to provide the reader an overview of the District. Questions regarding any information provided in this report should be directed to: Becky Bronsdon, Chief Financial Officer,North Collier Fire Control &Rescue District, 1885 Veteran's Park Drive, Naples, FL 34109, 239-597-3222, e-mail: bbronsdon@northcollierfire.com. BJB/bb 3-22-18 xi 1611A6 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 5 of 107 STATEMENT OF NET POSITION September 30,2017 Governmental Activities ASSETS Current assets: Cash and cash equivalents $ 8,599,078 Restricted cash and cash equivalents 2,105,566 Investments - Due from other governments 355,117 Other receivables 396,317 Other assets 1,175,978 Total current assets 12,632,056 Noncurrent assets: Capital assets: Land 12,823,117 Construction in progress 1,296,888 Depreciable buildings,equipment,and vehicles (net of$17,700,000 accumulated depreciation) 19,841,750 Total noncurrent assets 33,961,755 TOTAL ASSETS 46,593,811 DEFERRED OUTFLOWS OF RESOURCES-PENSIONS 16,996,941 LIABILITIES Current liabilities: Accounts payable and accrued expenses 1,419,774 Retainage payable - Contract deposits 7,500 Unearned revenue 2,264,743 Current portion of long-term obligations 302,770 Total current liabilities 3,994,787 Noncurrent liabilities: Noncurrent portion of long-term obligations 24,897,875 TOTAL LIABILITIES 28,892,662 DEFERRED INFLOWS OF RESOURCES-PENSIONS 6,441,098 NET POSITION Net investment in capital assets 31,283,401 Restricted 20,055 Unrestricted (deficit) (3,046,464) TOTAL NET POSITION $ 28,256,992 The accompanying notes are an integral part of this statement. 1 6 1 1 A 6 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 6 of 107 STATEMENT OF ACTIVITIES Year Ended September 30, 2017 Governmental Activities EXPENSES Governmental Activities Public Safety-Fire Protection Personnel services $ 26,832,489 Operating expenses 5,080,145 Depreciation 1,605,109 Interest and fiscal charges 82,009 TOTAL EXPENSES -GOVERNMENTAL ACTIVITIES 33,599,752 PROGRAM REVENUES Charges for services 2,154,236 Operating grants and contributions 1,148,036 NET PROGRAM EXPENSES 30,297,480 GENERAL REVENUES Ad Valorem taxes 30,739,575 Impact fees 196,157 Interest 61,853 Loss on disposition of capital assets (67,538) Other 519,171 TOTAL GENERAL REVENUES 31,449,218 INCREASE IN NET POSITION 1,151,738 NET POSITION-Beginning of the year 27,105,254 NET POSITION-End of the year $ 28,256,992 The accompanying notes are an integral part of this statement. 1 6 I 1 A 6 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 7 of 107 BALANCE SHEET - GOVERNMENTAL FUNDS September 30,2017 Total General Impact Fee Inspection Fee Governmental Fund Fund Fund Funds ASSETS Cash and cash equivalents $ 8,599,078 $ - $ - $ 8,599,078 Restricted cash and cash equivalents - 2,091,286 14,280 2,105,566 Investments - - - - Due from other governments 279,208 55,854 20,055 355,117 Due from other funds 419,713 119,556 405,433 944,702 Other receivables 396,317 - - 396,317 Prepaid expenses 1,175,978 - - 1,175,978 TOTAL ASSETS $ 10,870,294 $ 2,266,696 $ 439,768 $ 13,576.758 LIABILITIES AND FUND BALANCE LIABILITIES Accounts payable and accrued expenses $ 1,417,821 $ 1,953 $ - $ 1,419,774 Retainage payable - - - - Due to other funds 524,989 - 419,713 944,702 Contract deposits 7,500 - - 7,500 Unearned revenue - 2,264,743 - 2,264,743 TOTAL LIABILITIES 1,950,310 2,266,696 419,713 4,636,719 FUND BALANCE Nonspendable 1,175,978 - - 1,175.978 Restricted - - 20,055 20,055 Assigned 7,744,006 - - 7,744.006 Unassigned - - - - TOTAL FUND BALANCE 8,919,984 - 20,055 8,940,039 TOTAL LIABILITIES AND FUND BALANCE $ 10,870,294 $ 2,266,696 S 439,768 $ 13.576,758 The accompanying notes are an integral part of this statement. 1 6 1 1 A 6 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 8 of 107 RECONCILIATION OF THE BALANCE SHEET OF GOVERNMENTAL FUNDS TO THE STATEMENT OF NET POSITION September 30,2017 Amount Total fund balance of governmental funds $ 8,940,039 Amounts reported for governmental activities in the Statement of Net Position are different because: Capital assets used in governmental activities are not financial resources and,therefore,are not reported in the governmental funds. Capital assets not being depreciated: Land 12,823,117 Construction in progress 1,296,888 14,120,005 Governmental capital assets being depreciated: Building,equipment and vehicles 37,541,750 Less accumulated depreciation (17,700,000) 19,841,750 Deferred outflows and deferred inflows related to pensions are applied to future periods and,therefore,arc not reported in the governmental funds. Deferred outflows-FRS/HIS 7,359,845 Deferred inflows-FRS/HIS (3,304,686) Deferred outflows-FPT 9,637,096 Deferred inflows-FPT (3,136,412) 10,555,843 Long-term obligations are not due and payable in the current period and,therefore,are not reported in the governmental funds. Net OPEB obligation (3,755,838) Net pension liability-FRS (11,477,584) Net pension liability-HIS (2,270,390) Net pension liability-FPT (2,990,199) Capital leases (2,333,354) Note payable (345,000) Compensated absences (2,028,280) (25,200,645) Elimination of interfund amounts: Due to other funds (944,702) Due from other funds 944,702 Total net position of governmental activities $ 28,256,992 The accompanying notes are an integral part of this statement. 161 1A6 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 9 of 107 STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCE - GOVERNMENTAL FUNDS Year Ended September 30, 2017 Total General Impact Fee Inspection Fee Governmental Fund Fund Fund Funds REVENUES Ad Valorem taxes $ 30,739,575 $ - $ - S 30,739,575 Intergovernmental revenue: State firefighter supplement 136,156 - - 136,156 Federal grants 1,011,880 - 1,011,880 Charges for services: Inspection fees and other 529,173 - 830,970 1,360,143 Plan review fees - - 794,093 794,093 Impact fees - 196,157 - 196,157 Miscellaneous: Interest 56,064 4,876 913 61,853 Other 504,605 14,566 - 519,171 TOTAL REVENUES 32,977,453 215,599 1,625,976 34,819,028 EXPENDITURES Current Public safety Personnel services 31,192,566 - 1,479,657 32,672,223 Operating expenditures 4,931,478 17,460 131,207 5,080,145 Capital outlay 3,470,458 125,498 - 3,595,956 Debt service: Principal reduction 257,742 57,500 - 315,242 Interest and fiscal charges 66,868 15,141 - 82,009 TOTAL EXPENDITURES 39,919,112 215,599 1,610,864 41,745,575 EXCESS OF REVENUES OVER(UNDER)EXPENDITURES (6,941,659) - 15,112 (6,926,547) OTHER FINANCING SOURCES AND USES Proceeds from capital lease 2,546,268 - - 2,546,268 Proceeds from disposition of capital assets 32,785 - - 32,785 Transfers in - - - - Transfers out - - - TOTAL OTHER FINANCING SOURCES AND USES 2,579,053 - - 2,579,053 EXCESS OF REVENUES AND OTHER FINANCING SOURCES OVER(UNDER) EXPENDITURES AND OTHER FINANCING USES (4,362,606) - 15,112 (4,347,494) FUND BALANCE-Beginning of the year 13,282,590 - 4,943 13,287,533 FUND BALANCE-End of the year $ 8.919,984 $ - $ 20,055 $ 8,940,039 The accompanying notes are an integral part of this statement. 1611A6 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 10 of 107 RECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES,AND CHANGES IN FUND BALANCE OF GOVERNMENTAL FUNDS TO THE STATEMENT OF ACTIVITIES Year Ended September 30, 2017 Amount Net change(revenues and other financing sources over(under)expenditures and other financing uses)in fund balance-total governmental funds $ (4,347,494) The increase(change)in net position reported for governmental activities in the Statement of Activities is different because: Governmental funds report capital outlays as expenditures. In the Statement of Activities,however,the cost of those assets is allocated over their estimated useful lives and reported as depreciation expense. The loss on disposition of capital assets decreases the net position. Plus:expenditures for capital assets 3,595,956 Less: proceeds on disposition of capital assets (32,785) Less: loss on disposition of capital assets (67,538) Less: current year depreciation (1,605,109) 1,890,524 The issuance of debt is reported as a financing source in governmental funds and thus contributes to the change in fund balance. In the Statement of Net Position,however,issuing debt increases long-term liabilities and does not affect the Statement of Activities. Similarly,repayment of principal is an expenditure in the governmental funds but reduces the liability in the Statement of Net Position. Borrowings(proceeds from issuance): Less:capital lease (2,546,268) (2,546,268) Repayments(principal retirement): Plus:capital leases 257,742 Plus:note payable 57,500 315,242 Some expenses reported in the Statement of Activities do not require the use of current financial resources and therefore are not reported as expenditures in the governmental funds. Less: transfers in - Plus: transfers out - (Increase)decrease in net pension liability-FRS (1,129,118) (Increase)decrease in net pension liability-HIS 238,919 (Increase)decrease in net pension liability-FPT 203,908 Increase(decrease)in deferred outflows 6,800,899 (Increase)decrease in deferred inflows 417,594 (Increase)decrease in Net OPEB obligation (743,237) (Increase)decrease in compensated absences 50,769 5,839,734 Increase in net position of governmental activities $ 1,151,738 The accompanying notes are an integral part of this statement. 161 1 A6 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 11 of 107 STATEMENT OF FIDUCIARY NET POSITION -FIDUCIARY FUND September 30,2017 Firefighters' Pension Fund ASSETS Investments,at fair value: Cash and cash equivalents $ 2,061,811 Fixed income mutual funds 3,235,1 17 Equity securities 40,945,186 U.S. Government securities 7,517,632 Corporate bonds 9,551,757 Real estate 5,972,811 69,284,314 Prepaid expenses 800 Due from other governments-State 1,369,167 Due from District - Due from employees - Due from securities sold 48,161 Accrued investment income 151,455 TOTAL ASSETS 70,853,897 LIABILITIES Accounts payable 88,892 Due for securities purchased 17,192 TOTAL LIABILITIES 106,084 NET POSITION Restricted for DROP benefits 746,668 Restricted for defined pension benefits 70,001,145 TOTAL NET POSITION $ 70,747,813 The accompanying notes are an integral part of this statement. 161 1 A6 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 12 of 107 STATEMENT OF CHANGES IN FIDUCIARY NET POSITION -FIDUCIARY FUND Year Ended September 30,2017 Firefighters' Pension Fund ADDITIONS Contributions: Employer $ 2,927,841 Plan members 416,608 Buybacks 29,067 State of Florida,insurance premiums 1,369,167 Total contributions 4,742,683 Investment income: Net appreciation(depreciation) including realized gains/losses 6,462,103 Interest and dividends 1,822,433 8,284,536 Less: investment expenses (327,935) Net investment income(loss) 7,956,601 Other income 1,880 TOTAL ADDITIONS 12,701,164 DEDUCTIONS Benefits paid 386,546 Administrative expenses 96,323 TOTAL DEDUCTIONS 482,869 NET INCREASE IN NET POSITION 12,218,295 NET POSITION-BEGINNING 58,529,518 NET POSITION-ENDING $ 70,747,813 The accompanying notes are an integral part of this statement. 1611A6 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 13 of 107 NOTES TO THE FINANCIAL STATEMENTS September 30,2017 NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Organization North Collier Fire Control and Rescue District(the "District") is an independent special taxing district located in Collier County,Florida. On January 1, 2015, the North Collier Fire Control and Rescue District was officially formed by merging the North Naples Fire Control and Rescue District and the Big Corkscrew Island Fire Control and Rescue District. On February 6, 2014, the two Districts entered into an Interlocal Agreement to merge. Each Board adopted a resolution identifying their intent to initiate the voluntary merger process pursuant to Florida Statute Chapter 189.074. The two Districts created a proposed Joint Merger Plan which was adopted by both Boards and ultimately put before the voters of each District by referendum. On November 4, 2014, voters from both districts approved the referendum to merge the two districts into one. On June 10, 2015, the Governor signed into legislation the official enabling act of the new District via Laws of Florida (LOF) Chapter 2015-191. The merger is intended to ensure the best possible emergency response times, operational efficiencies and ensure long term sustainability of the combined District. There was no impairment of capital assets as the result of the merger, which was effective as of January 1, 2015 and no significant accounting adjustment other than to combine the assets, liabilities and net position/fund balance at January 1, 2015 of both Districts. The District has the general and special powers prescribed by Florida Statute Chapters 189, 191 and 633.15. The District is governed by a five (5) member elected Board of Commissioners. Commissioners serve on a staggered four(4) year term basis. The North Collier Fire Control and Rescue District provides fire control and protection services, fire safety, inspections, code enforcement, fire hydrant maintenance, firefighter training, and crash and fire rescue services as well as basic and advanced life support services. In providing these services, the District operates and maintains ten (10) stations and the related equipment and employs approximately 230 full-time professional firefighters and administrative staff. During the year ended September 30, 2009, the North Naples Fire Control and Rescue District entered into a joint venture agreement with Florida SouthWestern State College (FSW)for the operation of the North Collier Fire Training Center (NCFTC)to educate and train students as State Certified Firefighters. The North Collier Fire Control and Rescue District is now licensed to operate the NCFTC and FSW is the program coordinator. The District provides the training room and training 1611 A6 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 14 of 107 NOTES TO THE FINANCIAL STATEMENTS September 30,2017 NOTE A- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Organization,continued facilities for the NCFTC. FSW, as program coordinator, is responsible for the operations of the NCFTC including but not limited to the screening and enrolling of students and for screening and engaging instructors. Therefore, the activities of the NCFTC are not included in the District's basic financial statements. Reporting Entity The District adheres to Governmental Accounting Standards Board(GASB) Statement Number 14, "Financial Reporting Entity" (GASB 14), as amended by GASB Statement Number 39, "Determining Whether Certain Organizations Are Component Units" (GASB 39) and GASB Statement Number 61, "The Financial Reporting Omnibus - An Amendment of GASB Statements No. 14 and No. 34" (GASB 61). This Statement requires the basic financial statements of the District (the primary government) to include its component units, if any. A component unit is a legally separate organization for which the elected officials of the primary government are financially accountable. Based on the criteria established in GASB 14, as amended, there are no component units required to be included or included in the District's basic financial statements. Government-wide Financial Statements The government-wide financial statements (i.e., the Statement of Net Position and the Statement of Activities) report information on all of the activities of the District and do not emphasize fund types. These governmental activities comprise the primary government. Fiduciary funds are properly not included in the government-wide financial statements. General governmental and intergovernmental revenues support the governmental activities. The purpose of the government-wide financial statements is to allow the user to be able to determine if the District is in a better or worse financial position than the prior year. The effect of all interfund activity between governmental funds has been removed from the government-wide financial statements. Government-wide financial statements are reported using the economic resources measurement focus and the accrual basis of accounting, as are the pension fund financial statements. Under the accrual basis of accounting, revenues, expenses, 1 6 1 1 A 6 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 15 of 107 NOTES TO THE FINANCIAL STATEMENTS September 30,2017 NOTE A- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, CONTINUED Government-wide Financial Statements,continued gains, losses, assets, and liabilities resulting from exchange and exchange-like transactions are recognized when the exchange takes place. Revenues, expenses, gains, losses, assets, and liabilities resulting from nonexchange transactions are recognized in accordance with the requirements of GASB Statement Number 33, "Accounting and Financial Reporting for Nonexchange Transactions" (GASB 33). Amounts paid to acquire capital assets are capitalized as assets in the government-wide financial statements rather than reported as expenditures. Proceeds of long-term debt are recorded as liabilities in the government-wide financial statements rather than as other financing sources. Amounts paid to reduce long-term indebtedness of the reporting government are reported as a reduction of the related liability in the government-wide financial statements rather than as expenditures. The Statement of Activities demonstrates the degree to which the direct expenses of a given function are offset by program revenues. Direct expenses are those that are clearly identifiable with a specific function or segment. Program revenues include: 1) charges to customers or applicants who purchase, use, or directly benefit from goods, services, or privileges provided by a given function, and 2) grants and contributions that are restricted to meeting the operational or capital improvements of a particular function. Taxes and other items not properly included among program revenues are reported instead as general revenues. Program revenues are considered to be revenues generated by services performed and/or by fees charged such as inspection fees,burn permits, and hydrant tests. Fund Financial Statements The District adheres to GASB Number 54, "Fund Balance Reporting and Governmental Fund Type Definitions" (GASB 54). Essentially, the implementation resulted in adoption of a fund balance policy and reclassification of the components within fund balance. 1 6 I 1 A 6 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 16 of 107 NOTES TO THE FINANCIAL STATEMENTS September 30, 2017 NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, CONTINUED Fund Financial Statements, continued The accounts of the District are organized on the basis of funds,each of which is considered a separate accounting entity. The operations of each fund are accounted for with a separate set of self-balancing accounts that comprise its assets, liabilities, fund equity or net position, revenues, and expenditures or expenses, as appropriate. Government resources are allocated to and accounted for in individual funds based upon the purpose for which they are to be spent and the means by which spending activities are controlled. Fund financial statements for the District's governmental funds are presented after the government-wide financial statements. These statements display information about major funds individually and nonmajor funds in aggregate for governmental funds. The fiduciary fund financial statement includes financial information for the Firefighters' Pension Trust Fund. The fiduciary fund represents assets held by the District in a custodial capacity for the benefit of other individuals. Governmental Funds When both restricted and unrestricted resources are combined in a fund, expenditures are considered to be paid first from restricted resources, as appropriate, and then from unrestricted resources. Governmental fund financial statements are reported using the current financial resources measurement focus and the modified accrual basis of accounting. Revenues are considered to be available when they are collected within the current period or soon thereafter to pay liabilities of the current period. The District's major funds are presented in separate columns on the governmental fund financial statements. The definition of a major fund is one that meets certain criteria set forth in GASB Statement Number 34, "Basic Financial Statements - and Management's Discussion and Analysis- for State and Local Governments" (GASB 34). The funds that do not meet the criteria of a major fund are considered non-major funds and are combined into a single column on the governmental fund financial statements. Separate financial statements are provided for governmental funds. Major individual governmental funds are reported in separate columns on the fund financial statements. 1611A6 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 17 of 107 NOTES TO THE FINANCIAL STATEMENTS September 30,2017 NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, CONTINUED Governmental Funds, continued In accordance with the District's enabling documents, separate budgets within the General Fund are maintained for the North Naples (NN) Service Delivery Area and the Big Corkscrew Island(BCI) Service Delivery Area. Separate budgets are required for each service delivery area until such time as when one consistent millage rate is adopted for both service delivery areas. As such, separate service delivery area budget vs. actual comparison statements are included in the required supplementary information and a combining schedule is included in the other information section as the District must maintain and report a single General Fund. Fiduciary Fund The Pension Trust Fund accounts for the activities of the Firefighters' Pension Trust (FPT) Fund, which accumulates resources for the pension benefit payments to qualified firefighters. The net position of this fund is not considered to be part of the net position of the District and is not available to the District's creditors. Measurement Focus and Basis of Accounting Basis of accounting refers to when revenues and expenditures or expenses are recognized in the accounts and reported in the basic financial statements. Basis of accounting relates to the timing of the measurements made, regardless of the measurement focus applied. The government-wide and fiduciary fund financial statements are reported using the economic resources measurement focus and the accrual basis of accounting. Revenues are recorded when earned and expenses are recorded when a liability is incurred, regardless of the timing of related cash flows. Property taxes are recognized as revenues in the year for which they are levied. Grants and similar items are recognized as revenue as soon as all eligibility requirements have been met. Governmental fund financial statements are reported using the current financial resources measurement focus and the modified accrual basis of accounting. Revenues are recognized as soon as they are both measurable and available. 1 6 1 1 A 6 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 18 of 107 NOTES TO THE FINANCIAL STATEMENTS September 30, 2017 NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, CONTINUED Measurement Focus and Basis of Accounting,continued Revenues are considered to be available when they are collectible within the current period and soon enough thereafter to pay liabilities of the current period. For this purpose, the District considers tax revenues to be available if they are collected within sixty days of the end of the current fiscal period. Revenues susceptible to accrual are interest on investments, and intergovernmental revenues. Interest on invested funds is recognized when earned. Intergovernmental revenues that are reimbursements for specific purposes or projects are recognized when all eligibility requirements are met. Expenditures are generally recognized under the modified accrual basis of accounting when the related fund liability is incurred. Exceptions to this general rule include: (1) principal and interest on long-term debt, if any, is recognized when due; and (2) expenditures are generally not divided between years by the recording of prepaid expenditures. Separate financial statements are provided for governmental funds and the fiduciary fund,even though the latter are excluded from the government-wide financial statements. Non-current Government Assets/Liabilities GASB 34 requires non-current governmental assets, such as land and buildings, and non-current governmental liabilities, such as notes payable and capital leases, to be reported in the governmental activities column in the government-wide Statement of Net Position. Major Funds The District reports the following major governmental funds: The General Fund is the District's primary operating fund. It accounts for all financial resources of the District (including both service delivery areas), except those required to be accounted for in another fund. 161 1A6 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 19 of 107 NOTES TO THE FINANCIAL STATEMENTS September 30,2017 NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, CONTINUED Major Funds,continued The Impact Fee Fund (the District has one combined Impact Fee Fund) consists of fees imposed and collected by Collier County based on new construction within each service delivery area of the District. The fees are restricted and can only be used for certain capital expenditures associated with growth within the District. Non-Major Fund The District reports the following non-major fund: The Inspection Fee Fund is used by the District to account for the receipt and expenditures of its Inspection and Plan Review Fee Programs. Fees are charged for the inspection of new building construction and for fire code plan review. The fees are collected by Collier County and are remitted to the District. Fiduciary Fund The Fiduciary Fund is excluded from the government-wide financial statements because the resources of those funds are not available to support the District's programs. The only type of fiduciary fund the District maintains is a Firefighters' Pension Trust Fund, under Florida Statute Chapter 175, which accounts for retirement assets held by the Plan that are payable to qualified firefighters upon retirement. Budgetary Information The District has elected to report budgetary comparisons of its major funds and its non-major fund as required supplementary information (RSI). Investments The District adheres to the requirements of GASB Statement Number 31, "Accounting and Financial Reporting for Certain Investments and for External Investment Pools," (GASB 31) in which all investments are reported at fair value. Investments, including restricted investments, consist of certificates of deposit, U.S. Government securities, corporate debt and equity securities, and securities of government agencies unconditionally guaranteed by the U.S. Government. 1 6 1 1 A 6 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 20 of 107 NOTES TO THE FINANCIAL STATEMENTS September 30,2017 NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, CONTINUED Capital Assets Capital assets,which include land,construction in progress,buildings, equipment and vehicles, are reported in the government-wide Statement of Net Position. The District follows a capitalization policy which calls for capitalization of all capital assets that have a cost or donated value of$1,000 or more and have a useful life in excess of one year. All capital assets are valued at historical cost or estimated historical cost if actual historical cost is not available. Donated capital assets are valued at their estimated fair market value on the date donated. Public domain (infrastructure) capital assets consisting of certain improvements other than building, including curbs, gutters and drainage systems, are not capitalized, as the District generally does not acquire such assets. No debt-related interest expense is capitalized as part of capital assets in accordance with GASB 34. Maintenance, repairs and minor renovations are not capitalized. The acquisition of land and construction projects utilizing resources received from Federal and State agencies are capitalized when the related expenditure is incurred. Expenditures that materially increase values, change capacities or extend useful lives are capitalized. Upon sale or retirement, the cost is eliminated from the respective accounts. Expenditures for capital assets are recorded in the fund statements as current expenditures. However, such expenditures are not reflected as expenditures in the government-wide statements,but rather are capitalized and depreciated. Depreciable capital assets are depreciated using the straight-line method over the following estimated useful lives: Capital Asset Years Buildings 15-30 Capital Assets acquired under Capital Lease 6 Office Equipment 3-30 Vehicles 3-10 Equipment and Machinery 3-15 1 6 1 1 A 6 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 21 of 107 NOTES TO THE FINANCIAL STATEMENTS September 30,2017 NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, CONTINUED Budgets and Budgetary Accounting The District adopted separate annual General Fund budgets for each of the two (2) service delivery areas within the District's General Fund. The District adopted annual budgets for the Special Revenue Funds, including the Impact Fee Fund and the Inspection Fee Fund. No budget was adopted or required to be adopted for the Firefighters' Pension Trust Fund. The District follows these procedures in establishing budgetary data for the General Fund, the Impact Fee Fund, and the Inspection Fee Fund: 1. During the summer of each year, the District Fire Chief submits to the Board of Commissioners a proposed operating budget for the fiscal year commencing on the upcoming October 1. The operating budget includes proposed expenditures and the means of financing them. 2. Public hearings are conducted to obtain citizen comments. 3. The budget is adopted by approval of the Board of Commissioners. 4. Budget amounts, as shown in these basic financial statements, are as originally adopted or as amended by the Board of Commissioners. 5. The budget is adopted on a basis consistent with accounting principles generally accepted in the United States of America. 6. The level of control for appropriations is exercised at the fund level. 7. Appropriations lapse at year-end. 1611A6 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 22 of 107 NOTES TO THE FINANCIAL STATEMENTS September 30,2017 NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, CONTINUED Budgets and Budgetary Accounting, continued Several budget amendments were approved by the Board of Commissioners during the year ended September 30, 2017. Budgeted revenues and expenditures were decreased as follows: Amount General fund- NN SDA $(1,614,635) General fund-BCI SDA (349,715) Total General Fund $(1,964,350) Impact fee fund $ - Inspection fee fund $ (393,041) Impact Fees/Deferred Revenue The District levies an impact fee on new construction within the District. The intent of the fee is for growth within the District to pay for capital improvements needed due to the growth. The fee is imposed and collected by Collier County and remitted to the District which accounts for impact fees collected by service delivery area. The fee is refundable if not expended by the District within six (6) years from the date of collection. The District, therefore, records this fee as restricted cash and as unearned revenue until the date of expenditure, at which time it is recognized as revenue and charged to capital outlay in the fund financial statements and capital assets in the government-wide financial statements. Net Position In the government-wide financial statements, net position is identified as restricted when there are externally imposed constraints as to its use, such as through debt covenants, by grantors, or by law. 161 1 A6 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 23 of 107 NOTES TO THE FINANCIAL STATEMENTS September 30, 2017 NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, CONTINUED Fund Balances The governmental fund financial statements the District maintains include nonspendable,restricted, assigned, and unassigned fund balances. Nonspendable fund balances are those that cannot be spent because they are either(a) not in spendable form or(b) legally or contractually required to be maintained intact. Criteria include items that are not expected to be converted into cash, for example prepaid expenses. Restricted fund balances are those that are restricted by a third party such as inspection fees. Restricted fund balances can only be spent for the stipulated purposes. The District's assigned fund balances are a result of official action of the District's Board. The District's intent is to maintain a minimum assigned fund balance level of three(3) months of budgeted total expenditures. The assigned fund balance includes the District's operational and capital reserves as well as its disaster reserve. At September 30, 2017, fund balance is also assigned for a variety of specific items by District Board action. Any use of the assigned fund balance requires the District's Board approval. Due To/From Other Funds Interfund receivables and payables arise from interfund transactions and are recorded by funds affected in the period in which the transactions are executed. Due From Other Governments No allowance for losses on uncollectible accounts has been recorded since the District considers all amounts to be fully collectible. Indirect Costs Expenses are allocated between service and delivery areas on the same line item based upon a Board approved cost allocation plan. For the year ended September 30, 2017, the costs were allocated on a percentage basis of 85.96% to NN SDA and 14.04% to BCI SDA. 1 6 1 1 A 6 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 24 of 107 NOTES TO THE FINANCIAL STATEMENTS September 30,2017 NOTE A- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, CONTINUED Compensated Absences The District's employees accumulate annual leave based on the number of years of continuous service. Upon termination of employment, employees can receive payment of accumulated annual leave if certain criteria are met. The costs of accumulated annual leave benefits (compensated absences) are expended in the respective operating funds when payments are made to employees. However, the liability for all accrued vacation and personal leave benefits is recorded in the government-wide Statement of Net Position. Encumbrances Encumbrance accounting, under which purchase orders,contracts and other commitments for the expenditure of monies are recorded in order to reserve that portion of the applicable appropriation, is not employed by the District because, at present, it is not necessary in order to assure effective budgetary control or to facilitate effective cash planning and control. Management 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 amounts of assets, liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenditures during the reporting period. Actual results could differ from those estimates. Interfund Transactions The District considers interfund receivables (due from other funds) and interfund payables (due to other funds) to be loan transactions to and from other funds to cover temporary (three months or less) cash needs. Transactions that constitute reimbursements to a fund for expenditures/expenses initially made from it that are properly applicable to another fund are recorded as expenditures/expenses in the reimbursing funds and as reduction of expenditures/expenses in the fund that is reimbursed. Such amounts are eliminated in the government-wide financial statements. 1611A6 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 25 of 107 NOTES TO THE FINANCIAL STATEMENTS September 30, 2017 NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, CONTINUED Pensions In the government-wide statement of net position, liabilities are recognized for the District's proportionate share of each pension plan's net pension liability. For purposes of measuring the net pension liability, deferred outflows of resources and deferred inflows of resources related to pensions, and pension expense, information about the fiduciary net position of the Firefighters'Pension Fund (FPF), the Florida Retirement System (FRS) and the Health Insurance Subsidy (HIS) defined benefit plan and additions to/deductions from fiduciary net position have been determined on the same basis as they are reported by the Plans. For this purpose, benefit payments, (including refunds of employees'contributions) are recognized when due and payable in accordance with the benefit terms. Investments are reported at fair value for the FPF. The District's retirement plans and related amounts are described in a subsequent note. Deferred Outflows/Inflows of Resources In addition to assets, the statement of net position reports 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 future periods and so will not be recognized an as outflow of resources (expense/expenditure) until then. The deferred amount on pensions is reported only in the government-wide Statement of Net Position. The deferred outflows of resources related to pensions are discussed in a subsequent note. In addition to liabilities, the statement of net position reports 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 a future period and so will not be recognized as an inflow of resources (revenue) until that time. The deferred amount on pensions is reported only in the government-wide Statement of Net Position. A deferred amount on pension results from the difference in the expected and actual amounts of experience, earnings, and contributions. This amount is deferred and amortized over the service life of all employees that are provided with pensions through the pension plan except earnings which are amortized over five to seven years. 161 1 A NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 26 of 107 NOTES TO THE FINANCIAL STATEMENTS September 30, 2017 NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, CONTINUED Reclassifications Certain amounts in the financial statements have been reclassed to conform with the current presentation. These reclassifications had no effect on the results of operations or fund equity. Subsequent Events Subsequent events have been evaluated through February 23, 2018, which is the date the basic financial statements were available to be issued. NOTE B - CASH AND CASH EQUIVALENTS Cash and cash equivalents of the primary government(exclusive of the Firefighters' Pension Fund) were $10,704,644, of which $2,105,566 was restricted at September 30, 2017. Total cash and cash equivalents included cash on hand of$1,300 at September 30, 2017. Deposits The District's deposit policy allows deposits to be held in demand deposit and money market accounts and is consistent with Florida Statutes, Chapter 218.415(17). All District depositories are institutions designated as qualified depositories by the State Treasurer at September 30, 2017. 1 6 1 1 A 6 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 27 of 107 NOTES TO THE FINANCIAL STATEMENTS September 30,2017 NOTE B - CASH AND CASH EQUIVALENTS, CONTINUED Deposits,continued Deposits consist of the following at September 30, 2017: District Carrying Bank Amount Balance Unrestricted General Fund Depository Accounts $ 7,666,636 $ 8,307,221 Money Market 931,142 931,142 Total General Fund $ 8,597,778 $ 9,238,363 Restricted General Fund Depository Accounts $ - $ - Special Revenue Funds Impact Fee Depository Accounts 2,091,286 2,091,286 Inspection Fee Depository Accounts 14,280 14,280 Total Special Revenue Funds 2,105,566 2,105,566 Total Restricted Funds $ 2,105,566 $ 2,105,566 The District's deposits were entirely covered by federal depository insurance or by collateral pursuant to the Public Depository Security Act (Florida Statute 280) of the State of Florida. Bank balances approximate market value. The District held no other types of deposits during the year ended September 30, 2017. 1611 A6 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 28 of 107 NOTES TO THE FINANCIAL STATEMENTS September 30, 2017 NOTE B - CASH AND CASH EQUIVALENTS, CONTINUED Restricted Cash and Equivalents The following is a brief description of the restrictions on cash and cash equivalents: The Impact Fee account is used to account for the deposit of impact fees received by both service delivery areas and are restricted for certain capital asset acquisition associated with growth within the District. Impact fees are collected by Collier County for the District pursuant to County ordinance and District resolution. The Inspection Fee account is used to account for inspection fees collected for performing new construction fire inspections within the District. Such revenue is restricted for inspection service related costs. NOTE C - INVESTMENTS Firefighters' Pension Plan -Investments Investments held in the Firefighters'Pension Trust Fund (the "Plan")totaled $69,284,314 (including$2,061,811 in cash and cash equivalents, $3,235,117 in mutual funds, $40,945,186 in equity securities, $17,069,389 in fixed income securities, and$5,972,811 in real estate) at September 30, 2017. Such investments are administered in accordance with Firefighters'Pension Board policy. This policy provides for investments in cash and cash equivalents, money markets, mutual funds, equities, treasury notes, federal agency guaranteed securities, corporate bonds, notes and/or equities and real estate. The Firefighters' Pension Trust Fund accounts for resources held to fund the respective firefighter employee pension benefits. 16 % 1A6 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 29 of 107 NOTES TO THE FINANCIAL STATEMENTS September 30, 2017 NOTE C - INVESTMENTS, CONTINUED Firefighters' Pension Plan -Investments,continued The Firefighters'Pension Trust Fund investments were held by a financial and investment institution and are subject to certain insurances up to limits specific to the trustee/custodian institution and retirement trust funds. These assets are subject to loss of principal. Investment Authorization: The Plan's investment policy is determined by the Plan's Board of Trustees. The policy has been designed by the Board to conduct the operations of the Plan in a manner so that the assets will provide the pension and other benefits provided under applicable laws. As such, the policy is designed by the Board to maximize the Plan's asset value, while assuming risk that is consistent with the Board's risk tolerance. The Trustees are authorized to acquire and retain every kind of property (real, personal or mixed) and every kind of investment specifically including,but not by way of limitation, money markets, mutual funds, bonds, debentures, stocks (preferred or common) and other corporate obligations. Investments are carried at fair value at September 30, 2017. Interest and dividend revenues are recorded as earned. Purchases and sales of investments are recorded on the trade-date basis. Unrealized gains and losses are presented as net appreciation (depreciation) in fair value of investments on the statement of changes in fiduciary net position along with gains and losses realized on sales of investments. Given the inherent nature of investments, it is reasonably possible that changes in the value of those investments will occur in the near term and that such changes could materially affect the amounts reported (loss of principal). Investment in all equity securities shall be limited to those listed on a major U.S. stock exchange and limited to no more than 80% (at market) of the Plan's total asset value. The equity position in any one company shall not exceed 5% of the Plan's total assets at market. Investments in stock of foreign companies shall be limited to 25% of the value of the Plan's total assets at market. The fixed income portfolio shall be compromised of securities with a quality rating of investment grade or higher by a major rating service. Except for Treasury and Agency obligations, the debt portion of the Plan shall contain no more than 10% of a given issuer irrespective of the number of differing issues. 1611 A6 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 30 of 107 NOTES TO THE FINANCIAL STATEMENTS September 30,2017 NOTE C- INVESTMENTS,CONTINUED Firefighters' Pension Plan -Investments,continued Investment Authorization, continued: The current target allocation at September 30, 2017, of these investments at market is as follows: Investment Long Term Authorized Policy-Target Expected Real Investments Allocation% Rate Return% Domestic Equities 35-55% 7.5% Fixed Income 15-40% 2.5% TIPS 0-10% Not Available Real Estate 0-15% 4.5% International Equities 10-25% 8.5% International Fixed Income 0-10% 3.5% Global Tactical Asset Allocation 0-15% 3.5% Cash and Cash Equivalents Minimal Minimal Interest Rate Risk: Interest rate risk is the risk that changes in market interest rates will adversely affect the fair value of an investment. Generally, the longer the maturity of an investment, the greater the sensitivity of its fair value to change in market interest rates. As a means of limiting its exposure to interest rate risk, the Plan diversifies its investments by security type and institution, and limits holdings in any one type of investment with any one issuer with various durations of maturities. Information about the sensitivity of the fair values of the Plan's fixed income investments to market interest rate fluctuations is provided by the following table that shows the distribution of the Plan's investment by maturity at September 30, 2017: Investment Maturities(in years) Investment Type Fair Value Less than 1 I to 5 6 to 10 More than 10 Corporate bonds $ 9,551,757 $ 376,697 $ 4,687,201 $ 2,728,601 $ 1,759,258 Mutual funds 3,235,117 - 2,232,231 744,077 258,809 U.S.Agencies 5,349,766 - - 234,119 5,115,647 U.S.Treasuries 2,167,866 - 855,542 - 1,312,324 $ 20,304,506 $ 376,697 $ 7,774,974 $ 3,706,797 $ 8,446,038 Credit Risk: Credit risk is the risk that a security or a portfolio will lose some or all of its value due to a real or perceived change in the ability of the issuer to repay its debt. The Plan's investment policy utilizes portfolio diversification in an effort to mitigate this risk. 16 % 1A6 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 31 of 107 NOTES TO THE FINANCIAL STATEMENTS September 30, 2017 NOTE C - INVESTMENTS, CONTINUED Firefighters'Pension Plan -Investments,continued Credit Risk, continued: The following table discloses credit rating by fixed income investment type at September 30, 2017, if applicable: Fair Percentage of Value Portfolio Quality rating of credit risk debt securities A $ 674,198 1.00 % Al 481,984 0.72 A2 653,334 0.97 A3 2,097,000 3.12 AA 212,224 0.32 Aa2 498,222 0.74 Aa3 287,585 0.43 AAA 3,034,071 4.51 B 318,982 0.47 Bal 47,190 0.07 Baal 3,278,358 4.88 Baal 1,250,585 1.86 Baa3 870,808 1.30 BB 652,199 0.97 BBB 1,145,555 1.70 Unrated government securities 4,802,211 7.14 Total credit risk debt securities $ 20,304,506 30.20 *Obligations of the U.S. government or obligations explicitly guaranteed by the U.S. government are not considered to have credit risk and do not have purchase limitations. Concentration of Credit Risk: The investment policy of the Plan contains limitations on the amount that can be invested in any one equity issuer as well as maximum portfolio allocation percentages. There were no individual equity investments that represented 5% or more of Plan net position at September 30, 2017. In addition, the Plan contains limitations on the amount that can be invested in any one debt issuer, except for the debt securities issued by the U.S. Government. There were no investments in non-U.S. Government debt securities that represented 10% or more of Plan net position at September 30, 2017. Custodial Credit Risk: This is the risk that in the event of the failure of the counterparty, the plan will not be able to recover the value of its investments or collateral securities that are in the i611A6 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 32 of 107 NOTES TO THE FINANCIAL STATEMENTS September 30,2017 NOTE C - INVESTMENTS, CONTINUED Firefighters' Pension Plan -Investments,continued Custodial Credit Risk, continued: possession of an outside party. This risk is generally measured by the assignment of a rating by a nationally recognized statistical rating organization. Consistent with the Plan's investment policy, the investments are held by the Plan's custodial bank and registered in the Plan's name. Foreign Currency Risk: This is the risk that fluctuations in currency exchange rate may affect transactions conducted in currencies other than U.S. Dollars and the carrying value of foreign investments. The Plan's exposure to foreign currency risk is derived mainly from its investments in international equity funds. The Plan owns shares in international equity funds and does not own the individual securities. The investment policy limits the foreign investments to no more than 35% of the Plan's investment balance in equities and no more than 10% in fixed income. As of September 30, 2017, the Plan's exposure to foreign currency risk related to foreign equity funds and bonds is as follows: Fair Percentage of Value Portfolio International equity funds and fixed income(bonds) $ 16,628,235 Z.42g Fair Value Measurements: Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The Plan categorizes its fair value measurements within the fair value hierarchy as established by generally accepted accounting principles. The fair value hierarchy categorizes the inputs to valuation techniques used to measure fair value into three levels based on the extent to which inputs used in measuring fair value are observable in the market as follows: Level 1 - Inputs to the valuation methodology are based upon quoted prices for identical assets in active markets. Level 2 - Inputs to the valuation methodology are based upon observable inputs for the assets either directly or indirectly, other than those considered Level 1 inputs, which may include quoted prices for identical assets in markets that are not 1 6 1 1 A 6 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 33 of 107 NOTES TO THE FINANCIAL STATEMENTS September 30,2017 NOTE C - INVESTMENTS, CONTINUED Firefighters' Pension Plan -Investments,continued Fair Value Measurements, continued: considered to be active, and quoted prices of similar assets in active or inactive markets. Level 3 - Inputs to the valuation methodology are based upon unobservable inputs. Following is a description of the valuation methodologies used for asset measured at fair value. Common stock: Valued at the closing price reported on the New York Stock Exchange. Government securities: Valued using pricing models maximizing the use of observable inputs for similar securities. Mutual funds: Valued at the daily closing price as reported by the Plan. Mutual funds held by the Plan are open-ended mutual funds that are registered with the Securities and Exchange Commission. These funds are required to publish their daily net asset value (NAV) and to transact at that price. The mutual funds held by the Plan are deemed to be actively traded. Corporate bonds: Valued using pricing models maximizing the use of observable inputs for similar securities. This includes basing the value on yields currently available on comparable securities of issuers with similar credit ratings. When quoted prices are not available for identical or similar bonds, the bond is valued under a discounted cash flows approach that maximizes observable inputs, such as current yield of similar instruments,but included adjustments for certain risks that may not be observable, such as credit and liquidity risks or a broker quote, if available. Real estate: Valued at the net asset value of shares held by the Plan at year end. The Plan has investments in private market real estate investments for which no liquid public market exists. 1611 A6 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 34 of 107 NOTES TO THE FINANCIAL STATEMENTS September 30,2017 NOTE C - INVESTMENTS, CONTINUED Firefighters' Pension Plan - Investments,continued Fair Value Measurements, continued: The following table presents the Plan's fair value hierarchy for investments at fair value as of September 30, 2017: Fair Value Measurements Using Quoted Prices in Significant Active Other Significant Markets for Observable Unobservable Identical Assets Inputs Inputs Total (Level l) (Level 2) (Level 3) Investments by fair value level Equity securities: Common stocks $ 19,660,566 $ 19,660,566 $ - $ - Mutual funds 21,179,791 - 21,179,791 - REIT 104,829 - 104,829 - Total equity securities 40,945,186 19,660,566 21,284,620 - Debt securities U.S.treasury securities 2,167,866 2,167,866 -U.S.agency securities 5,349.766 - 5,349,766 Corporate bonds 9.551,757 - 9.551,757 Fixed income mutual funds 3,235,117 - 3,235.117 Total debt securities 20,304.506 2,167,866 18,136,640 Total investments by fair value 61,249,692 $ 21,828,432 $ 39,421,260 S - Investments measured at the net asset value(NAV) * Real estate fund 5,972,811 Money market funds(exempt) 2,061,811 Total investments S 69,284,314 * As required by GAAP.certain investments have not been classified in the fair value hierarchy. The fair value amounts presented in the previous table are intended to permit reconciliation for the fair value hierarchy to the total investment line item in the Statement of Fiduciary Net Position. 1 6 1 1 A 6 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 35 of 107 NOTES TO THE FINANCIAL STATEMENTS September 30,2017 NOTE C - INVESTMENTS, CONTINUED Firefighters' Pension Plan -Investments, continued Fair Value Measurements,continued: The following table summarizes investment for which fair value is measured using the net asset value per share practical expedient, including their relate unfunded commitments and redemption restrictions: Investments measured at the NAV Redemption Unfunded Frequency(if Redemption Fair Value Commitments Currently Eligible Notice Period Real estate fund $ 5,972,811 $ - Quarterly 90 Days Real estate fund: The fund is an open-ended real estate investment fund investing primarily in core institutional office,retail, industrial, and multi-family properties located throughout the United States. The investment is valued at NAV and its redemption must be received by the fund 90 days prior to quarter end. NOTE D- DUE TO/FROM OTHER FUNDS Interfund receivables and payables at September 30, 2017, are as follows: Due from Due to Fund Other Funds Other Funds General Fund: Impact Fee Fund $ - $ 119,556 inspection Fee Fund 419,713 405,433 Total General Fund 419,713 524,989 Special Revenue Funds: Impact Fee Fund General Fund 119,556 - Inspection Fee Fund General Fund 405,433 419,713 Total Special Revenue Funds 524,989 419,713 Total $ 944,702 $ 944,702 Interfund receivables and payables were eliminated for presentation purposes in the Statement of Net Position at September 30, 2017. 16 % 1A6 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 36 of 107 NOTES TO THE FINANCIAL STATEMENTS September 30,2017 NOTE E - CAPITAL ASSETS ACTIVITY The following is a summary of changes in capital assets activity for the year ended September 30, 2017: Balance Balance October 1 Increases/ Decreases/ Adjustments/ September 30 2016 Additions Retirements Reclassifications 2017 Capital Assets Not Being Depreciated: Land $ 12,823,117 $ - $ - $ - $ 12,823,117 Construction in progress 1,182,089 114,799 - - 1,296,888 Total Capital Assets Not Being Depreciated 14,005,206 114,799 - - 14,120,005 Capital Assets Being Depreciated: Assets held under capital lease 160,240 2,560,060 - - 2,720,300 Buildings 20,170,551 304,781 - - 20,475,332 Office equipment 1,189,683 265,499 (117,636) - 1,337,546 Vehicles 10,699,510 19,399 (1,718,744) - 9,000,165 Equipment&machinery 4,265,229 331,418 (588,240) - 4,008,407 Total Capital Assets Being Depreciated 36,485,213 3,481,157 (2,424,620) - 37,541,750 Less Accumulated Depreciation: Assets held under capital lease (91,249) (197,377) - - (288,626) Buildings (6,840,205) (453,228) - - (7,293,433) Office equipment (669,984) (128,657) 112,468 - (686,173) Vehicles (7,775,210) (454,511) 1,632,649 - (6,597,072) Equipment&machinery (3,042,540) (371,336) 579,180 - (2,834,696) Total Accumulated Depreciation (18,419,188) (1,605,109) 2,324,297 - (17,700,000) Total Capital Assets being Depreciated,Net 18,066,025 1,876,048 (100,323) - 19,841,750 Capital Assets,Net $ 32 071,231 $ 1,990,847 $ (100,323) $ - 33,961,755 Related Debt (2,678,354) Net investment in capital assets $31,283,401 1 6 I 1 A 6 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 37 of 107 NOTES TO THE FINANCIAL STATEMENTS September 30,2017 NOTE E - CAPITAL ASSETS ACTIVITY,CONTINUED Depreciation expense was charged to the following functions during the year ended September 30,2017: Amount General Government Total Depreciation Expense $1,605,109 The District has capital assets held under capital leases with a total cost of $2,720,300 at September 30, 2017. the capital assets held under capital lease has accumulated depreciation of$288,626 and depreciation expense of$197,377 for the year ended September 30, 2017. NOTE F- LONG-TERM OBLIGATIONS The following is a summary of changes in long-term obligations for the year ended September 30,2017: Balance Retirements Balance Amounts October 1 And September 30 Due Within 2016 Additions Adjustments 2017 One Year Net OPEB obligation $ 3,012,601 $ 743,237 $ - $ 3,755,838 $ Net Pension Liability-FRS 10,348,466 1,129,1 18 - 11,477,584 Net Pension Liability-HIS 2,509,309 - (238,919) 2,270,390 Net Pension Liability-FPT 3,194,107 - (203,908) 2,990,199 - Capital Leases 44,828 2,546,268 (257,742) 2,333,354 245,270 Note Payable 402,500 - (57,500) 345,000 57,500 Compensated Absences 2,079,049 - (50,769) 2,028,280 - $21,590,860 $4,418,623 $ (808,838) $25,200,645 $ 302,770 The following is a summary of long-term obligations at September 30, 2017: Amount Net OPEB obligation. Cumulative difference between annual OPEB cost and District payments toward the cost of post employment benefits other than pensions since GASB No.45 transition date of October 1, 2009.(Combined SDA) $ 3,755,838 Net pension obligation-FRS pension plan. This amount is actuarially determined through calculation based upon the audited financial statements of the Florida FRS Plan. 11,477,584 Net pension obligation-HIS plan. This amount is actuarially determined through calculation based upon the audited financial statements of the Florida FRS Plan. 2,270,390 16 % 1A6 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 38 of 107 NOTES TO THE FINANCIAL STATEMENTS September 30,2017 NOTE F- LONG-TERM OBLIGATIONS, CONTINUED Amount Net pension obligation-Firefighters'Pension Trust(FPT)plan. This amount is actuarially determined through calculation based upon the audited financial statements of the FPT Plan. 2,990,199 $160,240 capital lease payable dated April 19,2013,for eleven(11) chest compression systems to financial institution over a 60 month period ending March 2018 in equal payments of$2,671 at a zero stated interest rate.(NN) 15,451 $2,546,268 capital lease payable dated January 15,2016 for one(1) ladder truck and three(3)pumper trucks payable to a financial institution in ten(10)annual payments of$295,233 ending December 14,2025 including interest at 2.822%. 2,317,903 $1,150,000 note payable dated January 1,2003 to SunTrust Bank over a 20 year period ending November 1,2022 in equal annual principal payments on November 1 of$57,500 plus accrued interest at a rate of 3.75%.The note is collateralized by Impact Fees. 345,000 Non-current portion of compensated absences. Employees of the District are entitled to paid vacation based on length of service and job classification.(Combined SDA) 2,028,280 25,200,645 Less Current Portion (302,770) Long-Term Portion $ 24,897,875 The annual debt service requirements at September 30, 2017, were as follows: Capital Note Years Ending Leases Payable Payable Total September 30 Principal(1) Principal(2) Principal 2018 $ 245,270 $ 57,500 $ 302,770 2019 236,305 57,500 293,805 2020 242,974 57,500 300,474 2021 249,831 57,500 307,331 2022 256,881 57,500 314,381 2023-2026 1,102,093 57,500 1,159,593 $ 2,333,354 $ 345,000 2,678,354 Net OPEB obligation 3,755,838 Nct Pension Liability-FRS 11,477,584 Net Pension Liability-HIS 2,270,390 Net Pension Liability-FPT 2,990,199 Compensated absences 2,028,280 Total long-term debt $ 25,200,645 (I)Debt service paid through General Fund (2)Debt service paid through Impact Fee Fund Interest expense for the year ended September 30,2017,was$82,009 including interest expense on capital lease of$66,868. 161 1A6 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 39 of 107 NOTES TO THE FINANCIAL STATEMENTS September 30,2017 NOTE G - RETIREMENT PLANS The following three retirement plans have been established by the District: Plan 1 -Florida Retirement System (FRS) Plan 2 -Firefighters'Pension Trust Fund (Florida Statute 175) Plan 3 -401(a) Plan Employee participation in a specific plan is based on the respective employee's original hire date. General Information about the Florida Retirement System The Florida Retirement System ("FRS") was created in Chapter 121, Florida Statutes. The FRS was created to provide a defined benefit pension plan ("Pension Plan") for participating public employees. All District employees are participants in the Statewide Florida Retirement System(FRS) under authority of Article X, Section 14 of the State Constitution and Florida Statutes, Chapters 112 and 121. The FRS was amended in 1998 to add the Deferred Retirement Option Program ("DROP") under the defined benefit plan and amended in 2000 to provide an integrated defined contribution plan alternative to the defined benefit plan for FRS members effective July 1, 2002. This integrated defined contribution pension plan is the FRS Investment Plan. Chapter 112, Florida Statutes,established the Retiree Health Insurance Subsidy(HIS)Program, a separate cost-sharing, multiple-employer defined benefit pension plan to assist retired members of any State-administered retirement system in paying the costs of health insurance. Essentially all regular employees of the District are eligible to enroll as members of the State-administered FRS. Provisions relating to the FRS are established by Chapters 121 and 122, Florida Statutes; Chapter 112, Part IV, Florida Statutes; Chapter 238, Florida Statutes; and Florida Retirement System Rules, Chapter 60S. Florida Administrative Code; wherein eligibility, contributions, and benefits are defined and described in detail. Such provisions may be amended at any time by further action from the Florida Legislature. The FRS is a single retirement system administered by the Florida Department of Management Services, Division of Retirement, and consists of two cost-sharing, multiple-employer defined benefit plans (Pension and HIS Plans) and other nonintegrated programs. A comprehensive annual financial report of the FRS, which includes its financial statements, required supplementary information, actuarial report, and other relevant information dated June 30, 2017, is available from the Florida Department of Management Services'Website (www.dms.myflorida.com). 1611A6 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 40 of 107 NOTES TO THE FINANCIAL STATEMENTS September 30,2017 NOTE G - RETIREMENT PLANS, CONTINUED General Information about the Florida Retirement System,continued The District's total FRS and HIS pension expense was $1,811,516 for the year ended September 30, 2017 and is recorded in the government-wide financial statements. Total District actual FRS and HIS retirement contribution expenditures were$1,203,482, $1,186,368 and$761,542 for the years ended September 30, 2017, 2016 and 2015, respectively. The District contributed 100% of the required contributions. FRS Pension Plan Plan Description. The FRS Pension Plan ("Plan") is a cost-sharing, multiple- employer defined benefit pension plan, with a Deferred Retirement Option Program (DROP) for eligible employees. The general classes of membership are as follows: Regular Class-Members of the FRS who do not qualify for membership in the other classes. Senior Management Service Class (SMSC)-Members in senior management level positions. Special Risk Class-Members who are employed as certified firefighters and meet the criteria to qualify for this class. Elected Officials-Members who are elected by the voters within the District boundaries. Employees enrolled in the Plan prior to July 1, 2011, vest at six years of creditable service and employees enrolled in the Plan on or after July 1, 2011, vest at eight years of creditable service. All vested members, enrolled prior to July 1, 2011, are eligible for normal retirement benefits at age 62 or at any age after 30 years of service, except for those members classified as special risk who are eligible for normal retirement benefits at age 55 or at any age after 25 years of service. All members enrolled in the Plan on or after July 1, 2011, once vested, are eligible for normal retirement benefits at age 65 or any time after 33 years of creditable service, except for members classified as special risk who are eligible for normal retirement benefits at age 60 or at any age after 30 years of service. Members of both Plans (Pension and HIS) may include up to 4 years of credit for military service toward creditable service. The Plan also includes an early retirement provision; however, there is a benefit reduction for each year a member retires before his or her normal retirement date. The Plan provides retirement, disability, death benefits, and annual cost of living adjustments to eligible participants. 1611A6 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 41 of 107 NOTES TO THE FINANCIAL STATEMENTS September 30,2017 NOTE G - RETIREMENT PLANS,CONTINUED FRS Pension Plan,continued DROP, subject to provisions of Section 121.091, Florida Statutes, permits employees eligible for normal retirement under the Plan to defer receipt of monthly benefit payments while continuing employment with an FRS employer. An employee may participate in DROP for a period not to exceed 60 months after electing to participate. During the period of DROP participation, deferred monthly benefits are held in the FRS Trust Fund and accrue interest. The net pension liability does not include amounts for DROP participants, as these members are considered retired and are not accruing additional pension benefits. Benefits Provided. Benefits under the Plan are computed on the basis of age, and/or years of service, average final compensation, and credit service. Credit for each year of service is expressed as a percentage of the average final compensation. For members initially enrolled before July 1, 2011, the average final compensation is the average of the five highest fiscal years'earnings; for the members initially enrolled on or after July 1, 2011, the average final compensation is the average of the eight highest fiscal years' earnings. The total percentage value of the benefit received is determined by calculating the total value of all service, which is based on retirement plan and/or the class to which the member belonged when the service credit was earned. Members are eligible for in-line-of-duty or regular disability and survivors' benefits. The following chart shows the percentage value of each year of service credit earned: Class,Initial Enrollment,and Retirement Age/Years of Service %Value Regular Class and elected members initially enrolled before July 1,2011 Retirement up to age 62,or up to 30 years of service 1.60 Retirement at age 63 or with 31 years of service 1.63 Retirement at age 64 or with 32 years of service 1.65 Retirement at age 65 or with 33 or more years of service 1.68 Regular Class and elected members initially enrolled on or after July I,2011 Retirement up to age 65 or up to 33 years of service 1.60 Retirement at age 66 or with 34 years of service 1.63 Retirement at age 67 or with 35 years of service 1.65 Retirement at age 68 or with 36 or more years of service 1.68 Special Risk Regular Service from December I, 1970 through September 30, 1974 2.00 Service on or after October 1, 1974 3.00 Senior Management Service Class 2.00 Elected Officers'Class 3.00 1611A6 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 42 of 107 NOTES TO THE FINANCIAL STATEMENTS September 30,2017 NOTE G- RETIREMENT PLANS,CONTINUED FRS Pension Plan,continued As provided in Section 121.101,Florida Statutes, if the member is initially enrolled in the FRS before July 1, 2011, and all service credit was accrued before July 1, 2011, the annual cost-of-living adjustment is 3 percent per year. If the member is initially enrolled before July 1, 2011, and has service credit on or after July 1, 2011, there is an individually calculated cost-of-living adjustment. The annual cost-of-living adjustment is a proportion of 3 percent determined by dividing the sum of the pre-July 2011 service credit by the total service credit at retirement multiplied by 3 percent. Plan members initially enrolled on or after July 1, 2011, will not have a cost-of-living adjustment after retirement. Contributions. The Florida Legislature establishes contribution rates for participating employers and employees. Contribution rates during the year ended September 30, 2017 were as follows: Percent of Gross Salary* Class Employee Employer(1) Employer(3) Florida Retirement System.Regular 3.00 7.52 7.92 Florida Retirement System.Senior Management Service 3.00 21.77 22.71 Florida Retirement System,Special Risk 3.00 22.57 23.27 Deferred Retirement Option Program-Applicable to Members from All of the Above Classes 0.00 12.99 13.26 Florida Retirement System,Reemployed Retiree (2) N/A N/A Florida Retirement System.Elected Official 3.00 42.47 45.50 Notes: (1) Employer rates include 1.66 percent for the post employment health insurance subsidy. Also, employer rates,other than for DROP participants,include.06 percent for administrative costs for the Investment Plan. Rates for 7/1/16-6/30/17. (2) Contribution rates are dependent upon retirement class in which reemployed. (3) Employer rates include 1.66 percent for the post employment health insurance subsidy. Also, employer rates,other than for DROP participants,include.06 percent for administrative costs for the Investment Plan. Rates for 7/1/17-6/30/18. * As defined by the Plan. 16 % iA6 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 43 of 107 NOTES TO THE FINANCIAL STATEMENTS September 30,2017 NOTE G - RETIREMENT PLANS, CONTINUED FRS Pension Plan,continued Pension Liabilities,Pension Expense,Deferred Outflows of Resources and Deferred Inflows of Resources Related to the Pension Plan. At September 30, 2017, the District reported an FRS pension liability of$11,477,584 for its proportionate share of the net pension liability. The net pension liability was measured as of September 30, 2017, and the total pension liability used to calculate the net pension liability was determined by an actuarial valuation as of July 1, 2017. The District's proportionate share of the net pension liability was based on the District's 2016-17 fiscal year contributions relative to the total 2016-17 fiscal year contributions of all participating members. At September 30, 2017, the District's proportionate share was .038802719 percent, which was a decrease of.002181177 percent from its proportionate share measure as of September 30, 2016. For the year ended September 30, 2017, the District recognized FRS pension expense of$1,685,984. In addition, the District reported deferred outflows of resources and deferred inflows of resources related to the pension from the following sources: Deferred Outflows Deferred Inflows Description of Resources of Resources Differences between expected and actual experience $ 1,053,366 $ 63,580 Change of assumptions 3,857,277 Net difference between projected and actual earnings on pension plan investments - 284,443 Changes in proportion and differences between District contributions and proportionate share of contributions 1,373,996 2,284,052 District contributions subsequent to the measurement date 274,764 Total $ 6,559,403 $ 2,632,075 16 % 1A6 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 44 of 107 NOTES TO THE FINANCIAL STATEMENTS September 30,2017 NOTE G- RETIREMENT PLANS, CONTINUED FRS Pension Plan,continued The deferred outflows of resources related to the FRS pension, totaling$274,764 resulting from District contributions subsequent to the measurement date, will be recognized as a reduction on the net pension liability in the fiscal year ended September 30,2017. Other amounts reported as deferred outflows of resources and deferred inflows of resources related to the pension will be recognized in pension expense over the remaining service period of 6.4 years as follows: Fiscal Years Ending September 30 Amount 2018 $ 657,965 2019 657,965 2020 657,965 2021 657,966 2022 729,076 Thereafter 291,627 Total $ 3,652,564 Actuarial Assumptions. The total pension liability in the July 1, 2017, actuarial valuation was determined using the following actuarial assumptions, applied to all periods included in the measurement: Inflation 2.60 percent Real payroll growth 0.65 percent Salary increases 3.25 percent, average, including inflation Investment rate of return 7.10 percent, net of pension plan investment expense, including inflation Mortality rates were based on the Generational RP-2000 with Projection Scale BB. The actuarial assumptions used in the July 1, 2017, valuation were based on the results of an actuarial experience study for the period July 1, 2008 through June 30, 2013. 1611A6 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 45 of 107 NOTES TO THE FINANCIAL STATEMENTS September 30,2017 NOTE G- RETIREMENT PLANS, CONTINUED FRS Pension Plan,continued The long-term expected rate of return on pension plan investments was not based on historical returns, but instead is based on a forward-looking capital market economic model. The allocation policy's description of each asset class was used to map the target allocation to the asset classes shown below. Each asset class assumption is based on a consistent set of underlying assumptions, and includes an adjustment for the inflation assumption. The target allocation and best estimates of arithmetic and geometric real rates of return for each major asset class are summarized in the following table: Compound Annual Annual Target Arithmetic (Geometric) Standard Asset Class Allocation(1) Return Return Deviation Cash 1% 3.4% 3.0% 1.8% Fixed income 18% 4.5% 4.4% 4.2% Global equity 53% 7.8% 6.6% 17.0% Real estate(property) 10% 6.6% 5.9% 12.8% Private equity 6% 11.5% 7.8% 30.0% Strategic investments 12% 6.1% 5.6% 9.7% Total 100% Assumed inflation-Mean 2.6% 1.9% (1)As outlined in the Plan's investment policy Discount Rate. The discount rate used to measure the total pension liability was 7.10 percent. The Plan's fiduciary net position was projected to be available to make all projected future benefit payments of current active and inactive employees. Therefore, the discount rate for calculating the total pension liability is equal to the long-term expected rate of return. 1 6 1 1 A 6 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 46 of 107 NOTES TO THE FINANCIAL STATEMENTS September 30, 2017 NOTE G- RETIREMENT PLANS, CONTINUED FRS Pension Plan,continued Sensitivity of the District's Proportionate Share of the Net Pension Liability to Changes in the Discount Rate. The following presents the District's proportionate share of the net pension liability calculated using the discount rate of 7.10 percent which was reduced from 7.60%, as well as what the District's proportionate share of the net pension liability would be if it were calculated using a discount rate that is 1-percentage-point lower(6.10 percent) or 1-percentage-point higher(8.10 percent) than the current rate: 1% Current 1% Decrease Discount Rate Increase (6.10%) (7.10%) (8.10%) District's proportionate share of the net pension liability $ 20,773,734 $ 11,477,584 $ 3,759,650 Pension Plan Fiduciary Net Position. Detailed information about the pension plan's fiduciary net position is available in the separately issued FRS Pension Plan and Other State Administered Systems Comprehensive Annual Financial Report (FRS "CAFR") dated June 30, 2017. The FRS CAFR and actuarial reports may also be obtained by contacting the Division of Retirement at: Department of Management Services Division of Retirement Bureau of Research and Member Communications P.O. Box 9000 Tallahassee, FL 32315-9000 850-488-5706 or toll free at 877-377-1737 http://www.dms.myflorida.com/workforce operations/retirement/publications Payables to the Pension Plan. At September 30, 2017, the District reported a payable of$0 for the outstanding amount of contributions in the pension plan. 1611A6 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 47 of 107 NOTES TO THE FINANCIAL STATEMENTS September 30,2017 NOTE G- RETIREMENT PLANS, CONTINUED HIS Plan Plan Description.The Health Insurance Subsidy Plan ("HIS Plan") is a cost-sharing multiple-employer defined benefit pension plan established under Section 112.363, Florida Statutes. The benefit is a monthly payment to assist retirees of State-administered retirement systems in paying their health insurance costs and is administered by the Division of Retirement within the Florida Department of Management Services. Benefits Provided. For the year ended September 30, 2017, eligible retirees and beneficiaries received a monthly HIS payment equal to the number of years of creditable service completed at the time of retirement multiplied by$5. The payments are at least$30 but not more than $150 per month, pursuant to Section 112.363, Florida Statutes. To be eligible to receive a HIS Plan benefit, a retiree under a State-administered retirement system must provide proof of health insurance coverage, which can include Medicare. Contributions. The HIS Plan is funded by required contributions from FRS participating employers as set by the Florida Legislature. Employer contributions are a percentage of gross compensation for all active FRS members. For the year ended September 30, 2017, the contribution rate ranged between 1.66 percent and 1.66 percent of payroll pursuant to Section 112.363,Florida Statutes. The District contributed 100 percent of its statutorily required contributions for the current and preceding three years. HIS Plan contributions are deposited in a separate trust fund from which HIS payments are authorized. HIS Plan benefits are not guaranteed and are subject to annual legislative appropriation. In the event the legislative appropriation or available funds fail to provide full subsidy benefits to all participants, benefits may be reduced or cancelled. Pension Liabilities,Pension Expense,Deferred Outflows of Resources and Deferred Inflows of Resources Related to the HIS Plan. At September 30, 2017, the District reported a HIS liability of$2,270,390 for its proportionate share of the net HIS Plan's net pension liability. The net pension liability was measured as of September 30, 2017, and the total pension liability was used to calculate the net pension liability determined by an actuarial valuation as of July 1, 2017. The District's proportionate share of the net HIS liability was based on the 161 1 A6 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 48 of 107 NOTES TO THE FINANCIAL STATEMENTS September 30, 2017 NOTE G- RETIREMENT PLANS, CONTINUED HIS Plan,continued District's 2016-17 fiscal year contributions relative to the total 2016-17 fiscal year contributions of all participating members. At September 30, 2017, the District's proportionate share was .021233558 percent, which was a decrease of.000297100 percent from its proportionate share measured as of September 30, 2016. For the fiscal year ended September 30, 2017, the District recognized HIS expense of$126,902. In addition, the District reported deferred outflows of resources and deferred inflows of resources related to pensions from the following sources: Deferred Outflows Deferred Inflows Description of Resources of Resources Differences between expected and actual experience $ - $ 4,727 Change of assumptions 319,139 196,323 Net difference between projected and actual earnings on HIS pension plan investments 1,259 - Changes in proportion and differences between District HIS contributions and proportionate share of HIS contributions 448,559 471,561 District contributions subsequent to the measurement date 31,485 - Total $ 800,442 $ 672,611 The deferred outflows of resources related to HIS, totaling $31,485, resulting from District contributions subsequent to the measurement date, will be recognized as a reduction on the net pension liability in the year ended September 30, 2017. Other amounts reported as deferred outflows of resources and deferred inflows of resources related to pensions will be recognized in pension expense over the remaining service period of 7.2 years as follows: Fiscal Years Ending September 30 Amount 2018 $ 15,652 2019 15,652 2020 15,652 2021 15,651 2022 15,337 Thereafter _ 18,402 Total $ 96,346 1611A6 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 49 of 107 NOTES TO THE FINANCIAL STATEMENTS September 30,2017 NOTE G - RETIREMENT PLANS, CONTINUED HIS Plan,continued Actuarial Assumptions. The total pension liability in the July 1, 2017, actuarial valuation was determined using the following actuarial assumptions, applied to all periods included in the measurement: Inflation 2.60 percent Real Payroll Growth 0.65 percent Salary Increases 3.25 percent, average, including inflation Municipal Bond Rate 3.58 percent Mortality rates were based on the Generational RP-2000 with Projected Scale BB. Because the HIS Plan is funded on a pay-as-you-go basis, no experience study has been completed for the Plan. Discount Rate. The discount rate used to measure the total HIS liability was increased from 2.85 % to 3.58%. In general, the discount rate for calculating the total HIS liability is equal to the single rate equivalent to discounting at the long-term expected rate of return for benefit payments prior to the projected depletion date. Because the HIS benefit is essentially funded on a pay-as-you-go basis, the depletion date is considered to be immediate, and the single equivalent discount rate is equal to the municipal bond rate selected by the plan sponsor. The Bond Buyer General Obligation 20-Bond Municipal Bond Index was adopted as the applicable municipal bond index. Sensitivity of the District's Proportionate Share of the Net HIS Liability to Changes in the Discount Rate. The following presents the District's proportionate share of the net HIS liability calculated using the discount rate of 3.58 percent, as well as what the District's proportionate share of the net HIS liability would be if it were calculated using a discount rate that is 1-percentage-point lower(2.58 percent) or 1-percentage-point higher(4.58 percent)than the current rate: 1% Current 1% Decrease Discount Rate Increase (2.58%) (3.58%) (4.58%) District's proportionate share of the net HIS liability $ 2,590,816 $ 2,270,390 $ 2,003,493 1 6 1 1 A 6 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 50 of 107 NOTES TO THE FINANCIAL STATEMENTS September 30,2017 NOTE G - RETIREMENT PLANS, CONTINUED HIS Plan, continued Pension Plan Fiduciary Net Position. Detailed information about the HIS plan's fiduciary net position is available in the separately issued FRS Pension Plan and Other State Administered Comprehensive Annual Financial Report (FRS "CAFR") dated June 30, 2017. The FRS CAFR and actuarial reports may also be obtained by contacting the Division of Retirement at: Department of Management Services Division of Retirement Bureau of Research and Member Communications P.O. Box 9000 Tallahassee,FL 32315-9000 850-488-5706 or toll free at 877-377-1737 http://www.dms.myflorida.com/workforce operations/retirement/publications Payables to the Pension Plan. At September 30, 2017, the District reported a payable of$0 for the outstanding amount of contributions to the HIS plan. FRS -Defined Contribution Pension Plan The SBA administers the defined contribution plan officially titled the FRS Investment Plan (Investment Plan). The Investment Plan is reported in the SBA's annual financial statements and in the State of Florida Comprehensive Annual Financial Report. As provided in Section 121.4501, Florida Statutes, eligible FRS members may elect to participate in the Investment Plan in lieu of the FRS defined benefit plan. District employees participating in DROP are not eligible to participate in the Investment Plan. Employer and employee contributions, including amounts contributed to individual member's accounts, are defined by law, but the ultimate benefit depends in part on the performance of investment funds. Benefit terms, including contribution requirements, for the Investment Plan are established and may be amended by the Florida Legislature. The Investment Plan is funded with the same employer and employee contribution rates that are based on salary and membership class (Regular Class, Elected County Officers, etc.) as the FRS defined benefit plan. Contributions 1 6 1 1 A 6 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 51 of 107 NOTES TO THE FINANCIAL STATEMENTS September 30,2017 NOTE G - RETIREMENT PLANS, CONTINUED FRS -Defined Contribution Pension Plan,continued are directed to individual member accounts, and the individual members allocate contributions and account balances among various approved investment choices. Costs of administering the plan, including FRS Financial Guidance Program, are funded through an employer contribution of 0.06 percent of payroll and by forfeited benefits of plan members. Allocations to the investment member's accounts during the 2016-17 fiscal year were as follows: Percent of Gross Salary* Class Employee Employer(I) Employer(3) Florida Retirement System,Regular 3.00 7.52 7.92 Florida Retirement System,Senior Management Service 3.00 21.77 22.71 Florida Retirement System,Special Risk 3.00 22.57 23.27 Deferred Retirement Option Program-Applicable to Members from All of the Above Classes 0.00 12.99 13.26 Florida Retirement System,Reemployed Retiree (2) N/A N/A Florida Retirement System,Elected Official 3.00 42.47 45.50 Notes (I) Employer rates include 1.66 percent for the post employment health insurance subsidy. Also, employer rates,other than for DROP participants,include.06 percent for administrative costs for the Investment Plan. Rates for 7/1/16-6/30/17. (2) Contribution rates are dependent upon retirement class in which reemployed. (3) Employer rates include 1.66 percent for the post employment health insurance subsidy. Also, employer rates,other than for DROP participants,include.06 percent for administrative costs for the Investment Plan. Rates for 7/1/17-6/30/18. * As defined by the Plan. For all membership classes, employees are immediately vested in their own contributions and are vested after 1 year of service for employer contributions and investment earnings. If an accumulated benefit obligation for service credit originally earned under the FRS Pension Plan is transferred to the Investment Plan, the member must have the years of service required for FRS Pension Plan vesting (including the service credit represented by the transferred funds) to be vested for these funds and the earnings on the funds. Nonvested employer contributions are placed in a suspense account for up to 5 years. If the employee returns to FRS-covered employment within the 5-year period, the employee will regain control over their account. If the employee does not return within the 5 year period, the employee will forfeit the accumulated account balance. For the fiscal year ended September 30, 2017, the information for the amount of forfeitures was unavailable from the SBA; however, management believes that these amounts, if any, would be immaterial to the District. 1 6 1 1 A 6 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 52 of 107 NOTES TO THE FINANCIAL STATEMENTS September 30, 2017 NOTE G- RETIREMENT PLANS,CONTINUED FRS - Defined Contribution Pension Plan,continued After termination and applying to receive benefits, the member may rollover vested funds to another qualified plan, structure a periodic payment under the Investment Plan, receive a lump-sum distribution, leave the funds invested for future distribution, or any combination of these options. Disability coverage is provided; the member may either transfer the account balance to the FRS Pension Plan when approved for disability retirement to receive guaranteed lifetime monthly benefits under the FRS Pension Plan, or remain in the Investment Plan and rely upon that account balance for retirement income. The District's Investment Plan pension expense included within the FRS expense totaled $128,712 for the year ended September 30, 2017. Payables to the Investment Plan. At September 30, 2017, the District reported a payable of$0 for the outstanding amount of contributions to the Plan. Plan 2- Plan Description and Provisions-Firefighters' Pension Trust Fund The following brief description of the North Collier Fire Control and Rescue District Firefighters' Pension Plan (originally known as the North Naples Firefighters'Pension Plan) (the "Plan") is provided for general information purposes only. The Plan's name changed effective January 1, 2015 with the District's merger. Participants should refer to the plan agreement for a more complete description of the Plan. On July 11, 1996, under the authority of Florida Statute 175 and Laws of Florida, Chapter 95-338, the District's Board of Commissioners passed Resolutions 96-004 and 96-005, providing for the establishment and funding of a single employer defined benefit retirement plan and trust for newly hired fire suppression personnel. The resolutions establish that certified firefighters hired on or after January 1, 1996 are to become participants in the District's Firefighters'Pension Trust ( FPT) Fund. The Plan is totally administered, including all investment management, by a third party administrator and the Plan's appointed Pension Board. Effective October 1, 2011,employee participants were required to contribute 3% (similar to FRS)of compensation (an increase from .5% of compensation)per Resolution 11-031. 1 6 1 1 A 6 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 53 of 107 NOTES TO THE FINANCIAL STATEMENTS September 30,2017 NOTE G - RETIREMENT PLANS, CONTINUED Plan 2-Plan Description and Provisions-Firefighters' Pension Trust Funds continued Effective January 1, 2015, employees of the Big Corkscrew Island (BCI) Fire District merged with those of North Naples Fire District. As such, five employees of BCI joined Plan 2. During the year ended September 30, 2015, the District adopted Governmental Accounting Standards Board Statement No. 68 "Accounting and Financial Reporting for Pensions" (GASB 68). As such, the Plan's beginning net position was restated and the net pension liability was recorded in the government-wide financial statements. During the years ended September 30, 2017, 2016, and 2015 there were employee contributions in the amount of$416,608, $353,357, and$283,205, respectively, to the Plan. The employer contributed 100% of its required contributions, as well as those required contributions of the participating firefighters (0.5% pick-up). The Plan provides for full-time firefighting personnel to become eligible to participate in the Plan immediately upon hire. Under District resolution 96-005, the District elected to pay the 0.5% (1% prior to December 9, 2004) employee required contribution on behalf of the employee. Effective December 9, 2004, the employee contribution was reduced to 0.5% (employee pick up). Effective July 1, 2001 (per resolution 01-01),benefits under the Plan vest after six years of creditable service. Employees who elect normal retirement at or after age 55 with 6 years of creditable service, or 25 years of service regardless of age, are entitled to a retirement benefit. Effective October 1, 2011, required employee contributions increased to 3% of compensation. Employees may elect early retirement after 6 years of creditable service with a reduction in benefit not to exceed 3% for each year before normal retirement. The Plan also includes certain disability and death benefits. 161 1A6 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 54 of 107 NOTES TO THE FINANCIAL STATEMENTS September 30,2017 NOTE G- RETIREMENT PLANS, CONTINUED Plan 2-Plan Description and Provisions-Firefighters' Pension Trust Fund, continued Contributions- Contributions to the Plan are derived from three sources: the plan's participants are required to contribute to the plan in the amount of 3% of their covered wages and pursuant to resolution 11-031 the District has elected to increase the affected employees' salary by 0.5% (employer pick-up), State funds (fire [hazard] insurance premium tax per Florida Statute Chapter 175)and employer (remaining amount necessary to meet actuarial requirement). For the period from January 1, 1996 through September 30, 1996, no employer contributions were required. Employer contributions were required beginning October 1, 1996. The State contributions under Chapter 175 began in June 1997. This revenue is based on property fire insurance premiums paid within the District and is applied up to an approved "frozen" limit of$1,746,716. The District(employer) is required to fund the difference each year between the total contributions from all other sources for the year and the total cost for the year pursuant to the most recent actuarial valuation of the Plan. The total cost for any year equals total normal cost plus the additional amounts sufficient to amortize the unfunded past service liability over a 30 year period commencing the first year of the Plan's inception. Pursuant to the actuarial study dated October 1, 2017 for the year ended September 30, 2017, the District's contribution (District only) requirement was 24% of the actuarially determined covered payroll. Actual District contributions to the Plan for the years ended September 30, 2017, 2016 and 2015, were$2,927,841, $1,750,382, and $1,105,545 respectively.The State contributions for the years ended September 30, 2017 and 2016 were$1,369,167 and$1,411,547, respectively. Employees contributed(3%) $416,608 to the Plan for the year ended September 30, 2017. At September 30, 2017, $70,747,813 the Plan's total net position was restricted for retiree benefits. Payables to the Pension Plan. At September 30, 2017, the District reported a payable of$0 for the outstanding amount of contributions payable to the pension plan. Pension Benefits- Effective July 1, 2001, employees with 6 or more years of service are entitled to monthly pension benefits,beginning at the earlier of age 55 with 6 years of credited service or 25 years credited service regardless of age. Benefit is 1 6 1 1 A 6 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 55 of 107 NOTES TO THE FINANCIAL STATEMENTS September 30,2017 NOTE G - RETIREMENT PLANS, CONTINUED Plan 2-Plan Description and Provisions -Firefighters' Pension Trust Fund, continued equal to 3.53% of their average final compensation (AFC) times credited service prior to October 1, 2013 plus 3% of average final compensation times credited service on and after October 1, 2013. AFC means the average of the highest five (5) years within the last ten (10) years of service. Maximum benefit is 100% of AFC. The plan permits early retirement with 6 years (10 years prior to July 2, 2001) of credited service. Members hired after December 31, 2014 must have 10 years of credited service to qualify for early retirement. Employees may elect to receive their pension benefits in the form of a 10 year certain and life annuity. If employees terminate before rendering 6 years of credited service, they forfeit the right to receive the portion of their accumulated plan benefits. All retirement benefits are annually increased for cost of living at 3%. Death and Disability Benefits-Upon the death of any vested member, whether or not still in active employment, a survivor benefit is payable to the beneficiary starting when the member would have reached retirement age. The benefit is equal to the vested pension benefit and is payable for 10 years. A spousal and/or minor benefit is provided for line of duty death equal to a minimum of one half of the members salary for life (spouse) or age 18 (child). Employees who become totally disabled with at least 8 years of credited service receive the greater of the accrued pension benefit or 25% of AFC, if non-service incurred, or 42%of AFC, if active service incurred. Effective December 9, 2004, the active service related benefit was increased to 65%. Supplemental Benefits-Effective December 31, 2004, each service and disability retiree and their joint pensioners or beneficiaries and vested terminated members shall receive a supplemental payment to be used as a health insurance subsidy payment. The amount shall be five dollars ($5) for each full year of credited service for life.The maximum monthly supplement is one hundred fifty dollars ($150) and the minimum thirty dollars ($30). DROP-Effective December 12, 2013, Resolution 13-034 was adopted, which established a Deferred Retirement Option Plan ("DROP"). An "eligible participant" of the pension plan, which is defined as an individual currently on full-time work status, may elect to participate in the DROP on the first day of the month coincident with or 1611A6 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 56 of 107 NOTES TO THE FINANCIAL STATEMENTS September 30,2017 NOTE G- RETIREMENT PLANS,CONTINUED Plan 2 - Plan Description and Provisions -Firefighters' Pension Trust Fund, continued next following either, attainment of age fifty-five (55) and the completion of ten (10) years of credited service, or the completion of twenty-five(25)years of credited service, which date shall constitute the "initial date of eligibility". An eligible participant electing to participate in DROP must complete and execute such forms as may be required by the District and supplied by the Board of Trustees not less than thirty (30)days prior to entering the DROP. The forms shall include, but not limited to, an irrevocable letter of resignation effective no later than the conclusion of the maximum period of DROP participation. Election into the DROP is irrevocable provided there shall be no minimum period of participation; however in the event of a voluntary termination prior to the maximum period, any DROP participant termination prior to such maximum DROP period shall submit a written notice at least thirty(30) days prior to such early termination of DROP participation. An eligible participant may elect to participate in the DROP only once. After commencement of participation in DROP, a participant shall no longer earn, accrue or purchase additional service credits towards retirement benefits or later enhancements to the firefighters'pension plan. Upon the effective date of an eligible participant's participation in DROP, all contributions by and on behalf of the participant to the plan shall be discontinued. For all plan purposes, service and vesting credits of an eligible participant electing DROP shall be fixed as of the effective date of commencement of DROP participation. Any services as a firefighter after entry into DROP shall not be used for calculation or determination of benefits payable by the pension plan. The average final compensation of a participant, as defined in this plan shall be determined as of the effective date of commencement of DROP participation and other subsequent earnings shall not be used for calculation or determination of benefits payable by the pension plan. Income Recognition-Interest income is recorded on the accrual basis. Investments are reported at market value. Short-term investments are reported at cost, which approximates market value. Actuarial Present Value of Accumulated Plan Benefits-Accumulated plan benefits are those future periodic payments, including lump-sum distributions, that 1611A6 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 57 of 107 NOTES TO THE FINANCIAL STATEMENTS September 30,2017 NOTE G - RETIREMENT PLANS, CONTINUED Plan 2-Plan Description and Provisions - Firefighters' Pension Trust Fund, continued are attributable under the Plan's provisions to the service employees have rendered. Accumulated plan benefits include benefits expected to be paid to (a)retired or terminated employees or their beneficiaries, (b)beneficiaries of employees who have died, and (c)present employees or their beneficiaries. Benefits under the Plan are based on employees' age at entry to the Plan and are based upon the current starting salary for firefighters at entry level. Benefits payable under all circumstances, retirement, death, disability and termination of employment, are included, to the extent they are deemed attributable to employee service rendered to the valuation date. The actuarial present value of accumulated plan benefits is determined by an actuary and is the amount that results from applying actuarial assumptions to adjust the accumulated plan benefits to reflect the time value of money (through discounts for interest) and the probability of payment(by means of decrements such as for death, disability, withdrawal, or retirement) between the valuation date and the expected date of payment. The significant actuarial assumptions used in the valuations as of October 1, 2016 were (a) life expectancy of participants- RP 2000 (combined healthy, sex distinct)Mortality Table was used, (b) retirement age assumptions (the assumed average retirement age was 55), and (c) annual investment return of 7.5% (net of fees). The actuarial valuation reflected assumed average rates of return of 7.5% (net of fees). The foregoing actuarial assumptions are based on the presumption that the Plan will continue. If the Plan terminated, different actuarial assumptions and other factors might be applicable in determining the actuarial present value of accumulated plan benefits. Payment of Benefits-Benefit payments to participants are recorded upon distribution. The District contributed 100% of the required contributions. A summary of certain Plan details and trend information is included below. A copy of the Plan and Plan audit as of and for September 30, 2017 can be obtained by writing to the District at 1885 Veterans Park Drive, Naples, Florida 34109-0492, or by calling (239) 597-3222. The following is a summary of the Single-Employer Defined Benefit Pension Plan (Florida Statutes Chapter#175), including funding policies, contribution methods, benefit provisions and trend information: 1611A6 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 58 of 107 NOTES TO THE FINANCIAL STATEMENTS September 30,2017 NOTE G- RETIREMENT PLANS,CONTINUED Plan 2 - Plan Description and Provisions-Firefighters' Pension Trust Funds continued Firefighters'Pension Trust Fund-Plan 2 Year established and governing authority District Resolution 96-004(July 11, 1996) Governing body Board of Trustees of Plan Determination of contribution requirements: Actuarially determined Employer(District) Amount required in excess of Member and applicable State contributions needed in order to pay current costs and amortize any unfunded past service cost over 30 years Plan members 3.0%of covered payroll Funding of administrative costs: Employer Period required to vest 6 years Annual salary increase Graduated Scale based on Credited Service(see below) Post retirement benefit increase Cost of living increase of 3%each year Eligibility for distribution Earlier of 55 with 6 years of credited service or (Normal retirement) 25 years credited service regardless of age Provisions for: Disability benefits Yes Death benefits Yes Early retirement Yes Assumed inflation 2.5% Actuarial assumption/method changes since prior valuation: Actuarial Cost Method Entry Age Normal.Prior valuations utilized Frozen Entry Age method Net-of-Fees Investment Return Reduced from 8.00%to 7.50% Annual Salary Increase flat 6%per year to graduated scale(9%per year for first 10 years&3%per year for 10+years) 1 6 1 1 A 6 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 59 of 107 NOTES TO THE FINANCIAL STATEMENTS September 30,2017 NOTE G - RETIREMENT PLANS, CONTINUED Plan 2-Plan Description and Provisions- Firefighters' Pension Trust Fund. continued Net Pension Liability of the Fund -The components of the net pension liability of the District at September 30, 2017 were as follows: Amount Total pension liability $ 73,738,012 Plan fiduciary net position (70,747,813) District's net pension liability $ 2,990,199 Plan fiduciary net position as a percentage of the total pension liability 95.94% The total pension liability was determined by an actuarial valuation as of September 30, 2017 using certain actuarial assumptions, the most significant of which were 7.5 percent for the investment rate of return (net of fees), 3.0-9.0 percent for projected salary increases and 2.5 percent for inflation. Mortality rates were based on the RP-2000 Combined Healthy Mortality Table, Sex Distinct. Disabled lives are set forward five (5)years. The Plan's policy with regards to the allocation of invested assets is established and may be amended by the Pension Board. Plan assets are managed on a total return basis with a long-term objective of achieving and maintaining a fully funded status for the benefits provided through the Plan. The investment policy was last amended in February 2014. The following table summarizes the Board's adopted allocation policy and the long-term expected real rates of return for each major asset class: Long-Term Target Actual Expected Real Asset Class Allocation Allocation Rate of Return* Domestic equities 35-55% 42% 7.5% International equities 10-25% 17% 8.5% Fixed income 15-40% 22% 2.5% TIPS 0-10% 0% not available International fixed income 0-10% 7% 3.5% Global Tactical Asset Allocation 0-15% 0% not available Real estate 0-15% 9% 4.5% Cash and cash equivalents minimal 3% not available *annual arithmetic return 100% 100% 1611 Ay6 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 60 of 107 NOTES TO THE FINANCIAL STATEMENTS September 30,2017 NOTE G- RETIREMENT PLANS, CONTINUED Plan 2 - Plan Description and Provisions -Firefighters' Pension Trust Fund, continued The long-term expected rate of return on Plan assets was determined using a building-block method in which best-estimate ranges of expected future real rates of return (expected returns, net of Plan investment expense and inflation) are developed for each major asset class. These ranges are combined to produce the long-term expected rate of return by weighting the expected future real rates of return by the target asset allocation percentage and by adding expected inflation. Discount Rate. The discount rate used to measure the total pension liability was 7.5 percent. The projection of cash flows used to determine the discount rate assumed that plan participant contributions will be made at the current contribution rate and that District contributions will be made at rates equal to the difference between actuarially determined contribution rates and the participant rate. Based on those assumptions, the Plan's fiduciary net position was projected to be available to make all projected future benefit payments of current plan participants. Therefore, the long-term expected rate of return on Plan investments was applied to all periods of projected benefit payments to determine the total pension liability. Rate of Return Sensitivity. The sensitivity of the net pension liability to changes in the discount rate was measured as follows. The net pension liability of the District was calculated using the discount rate of 7.5 percent. It was also calculated using a discount rate that was 1-percentage-point lower(6.5 percent) and 1-percentage-point higher (8.5 percent) than the current rate: 1% Current 1% Decrease Discount Rate Increase 6.5% 7.5% 8.5% Net pension liability(asset) $ 15,082,882 $ 2,990,199 $ (6,774,496) Deferred Inflows/Outflows of Resources Related to Pensions On September 30, 2017, the District reported deferred outflows of resources and deferred inflows of resources related to pensions from the following sources: 1611A6 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 61 of 107 NOTES TO THE FINANCIAL STATEMENTS September 30,2017 NOTE G - RETIREMENT PLANS, CONTINUED Plan 2-Plan Description and Provisions-Firefighters' Pension Trust Fund, continued Deferred Outflows Deferred Inflows of Resources of Resources Differences between expected and actual experience $ 1,105,070 $ 967,534 Change of assumptions 1,690,390 2,168,878 Net difference between projected and actual earnings on plan investments 2,539,076 Contributions subsequent to the measurement date 4,302,560 $ 9,637,096 $ 3,136,412 The deferred outflows of resources related to the pension,resulting from District contributions subsequent to the measurement date, will be recognized as a reduction on the net pension liability in the fiscal year ended September 30, 2017. Other amounts reported as deferred outflows of resources and deferred inflows of resources related to the pension will be recognized in pension expense as follows: Years Ending September 30 Amount 2018 $ 700,290 2019 700,291 2020 804,506 2021 (60,518) 2022 (98,626) Thereafter 152,181 Total $ 2,198,124 Memberships of the Plan consisted of the following at October 1, 2017: Firefighters'Pension Trust Fund-Plan 2 Active plan members 161 Inactive plan members or beneficiaries currently receiving benefits 12 Inactive plan members entitled to but not yet receiving benefits 12 Total 185 Number of participating employers Number of participating state agencies 161 1 A6 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 62 of 107 NOTES TO THE FINANCIAL STATEMENTS September 30,2017 NOTE G- RETIREMENT PLANS, CONTINUED Plan 2- Plan Description and Provisions -Firefighters' Pension Trust Fund continued The following is a schedule of changes in net pension liability for the fiscal year ended September 30, 2017: Increase(Decrease) Total Pension Plan Fiduciary Net Pension Liability Net Position Liability(Asset) Balances at September 30,2016 $ 61,707,055 $ 58,512,948 $ 3,194,107 Changes for the fiscal year: Service cost 3,829,067 - 3,829,067 • Interest 4,900,966 - 4,900,966 Differences between expected and actual experience 3,651,680 - 3,651,680 Changes of assumptions - - - Changein excess state money - - Contributions-Employer - 2,933,393 (2,933,393) Contributions-State - 1,369,167 (1,369,167) Contributions-Employee - 413,159 (413,159) Contributions-Buy Back 29,067 29,067 Net investment income - 7,965,899 (7,965,899) Benefit payments,including refunds of employee contributions (379,823) (379,823) - Administrative expense - (95,997) 95,997 Net changes 12,030,957 12,234,865 (203,908) Balances at September 30,2017 $ 73,738,012 $ 70,747,813 $ 2,990,199 Annual Pension Cost,Net Pension Obligation and Reserves Current year annual pension costs for the Firefighters' Pension Trust Fund are shown in the trend information provided. The Firefighters'Pension Trust Fund had a net unfunded actuarial accrued liability at October 1, 2017 of$2,990,199. The Plan assets are legally reserved for the payment of the respective plan member benefits within the Plan. There are no assets legally restricted for plan benefits other than these assets within the Plan. The Firefighters'Pension Trust Fund held certain investments at year end. 1 6 1 1 A 6 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 63 of 107 NOTES TO THE FINANCIAL STATEMENTS September 30,2017 NOTE G- RETIREMENT PLANS, CONTINUED Plan 2- Plan Description and Provisions - Firefighters' Pension Trust Fund, continued Trend Information Firefighters'Pension Trust Fund Total(1) Required Actual Contributions Net Annual District State State(2) Pension Fiscal Pension Required Required Frozen Actual Percentage Obligation Year Contribution Contribution Contribution Contribution Contribution Contributed (NPO) 2017 $ 4,302,560 $ 2,933,393 $ 1,369,167 $1,746,716 $ 4,302,560 100%a - 2016 $ 3,146,984 $ 1,735,437 $ 1,411,547 $1,746,716 $ 3,146,984 100%a - 2015 $ 2,594,733 $ 1,107,133 $ 1,487,600 $1,746,716 $ 2,594,733 100% - 2014 $ 2,896,024 $ 1,518,926 $ 1,377,098 $1,746,716 $ 2,896,024 100% - 2013 $ 3,386,733 $ 2,127,828 $ 1,314,064 $1,746,716 $ 3,441,892 102% - 2012 $ 3,283,811 $ 2,166,246 $ 1,214,214 $1,746,716 $ 3,380,454 103% - 2011 $ 3,473,598 $ 2,333,799 $ 1,139,799 $1,746,716 $ 3,626,125 104% - 2010 $ 3,190,997 $ 2,170,443 $ 1,020,554 $1,746,716 $ 3,200,901 100% - 2009 $ 2,796,158 $ 1,756,228 $ 1,039,931 $1,746,716 $ 3,079,738 110% - 2008 $ 2,211,933 $ 1,009,715 $ 1,485,798 $1,485,798 $ 2,495,513 113% - (1) The District considers its annual pension cost to be its actuarially determined required annual pension contribution including the employer and state contribution. Fy 2017 required contribution reduced by$0 excess State money reserve. Pension Trust Required Supplementary Information Schedule of Funding Progress Firefighters'Pension Plan: Unfunded Actuarial Actuarial Actuarial UAAL as Value of Accrued Accrued Annual a%of Actuarial Assets** Liability(AAL) Liability Funded Covered Covered Valuation (AVA) -Entry Age (UAAL) Ratio Payroll Payroll Date (a) (b) (h-a) (a/b) (c) (b-a)/c 10/01/17 $70,747,813 $73,738,012 $ 2,990,199 95.9% $13,771,976 21.7% 10/01/16 $58,512,948 $61,707,055 $ 3,194,107 94.8% $11,890,295 26.9% 10/01/15 $51,534,195 $51,541,750 $ 7,555 100.0% $ 9,671,942 0.1% 10/01/14 $49,189,571 $47,467,581 $(1,721,990) 103.6% $ 8,770,495 -19.6% 10/01/13 $42,143,137 $41,366,768 $ (776,369) 101.9% $ 9,092,235 -8.5% 10/01/12 $33,983,491 $33,924,855 $ (58,636) 100.2% $ 8,254,150 -0.7% 10/01/11 $26,196,164 $26,153,965 $ (42,199) 100.2% $ 8,291,830 -0.5% 10/01/10 $22,990,534 $23,284,830 $ 294,296 98.7% $ 7,737,940 3.8% 10/01/09 $17,833,111 $18,108,267 $ 275,156 98.5% $ 7,522,834 3.7% 10/01/08 $16,719,426 $16,890,153 $ 170,727 99.0% $ 7,082,194 2.4% ** reflected by actuary as Plan Fiduciary Net Position 1611A6 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 64 of 107 NOTES TO THE FINANCIAL STATEMENTS September 30,2017 NOTE G- RETIREMENT PLANS, CONTINUED Plan 2-Plan Description and Provisions -Firefighters' Pension Trust Fund, continued Firefighters'Pension Trust Fund Valuation date 10/01/15 Actuarial cost method Entry Age Normal Amortization method Level dollar, closed Mortality table RP2000 Combined Healthy Remaining amortization period 20 years (as of 10/1/15) Actuarial asset valuation method 5 Year Smoothed Market Actuarial assumptions: Investment rate 7.5% (net of fees) Projected salary increase Graduated based on Service (9% per year for first 10 years & (3% per year for 10 or more years) Inflation 2.5% Post retirement cost of living adjustment 3% Changes of Assumptions No changes in assumptions. 1611A6 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 65 of 107 NOTES TO THE FINANCIAL STATEMENTS September 30,2017 NOTE G- RETIREMENT PLANS, CONTINUED Plan 3-Plan Description and Provisions -401(a) The Board of Fire Commissioners established the 401(a)Plan for the general employees and elected officials who are ineligible to participate in the Florida Retirement System. The Plan was effective on January 1, 2013. At September 30, 2017, the Plan had two (2) active participants. The Plan allows for employer contributions. Amounts contributed by the employer correspond to the percentage of contributions by class, established for participants of the Florida Retirement System. Employee contributions are prohibited. Employer contributions are 100% vested after completion of one year of service. A year of service is based on an employee completing at least 1,000 hours of service during a plan year. Total District contributions to the Plan for the year ended September 30, 2017, 2016 and 2015 were$4,076, $1,103 and$3,639, respectively. NOTE H - POST-EMPLOYMENT BENEFITS OTHER THAN PENSION BENEFITS (OPEB) The District formally established two (2) OPEB Plans to provide its retirees the opportunity to obtain insurance(health and life)benefits. The year ended September 30, 2010, was the District's transition year. As such, the District implemented GASB No. 45 on a prospective basis. All retired full-time employees are eligible for OPEB benefits if actively employed by the District immediately before retirement. As such, active employees with at least twenty five (25) years of service as of September 30, 2010 were allowed to elect to remain in the Defined Benefit Plan or to enter the Post Employment Health Plan (PEHP), a defined contribution plan. The defined benefit plan also provides a$5,000 life insurance benefit. All retirees and Early Retirement Incentive Program (ERIP) participants, who were eligible, remained in the Defined Benefit Plan. All other active employees at that time, September 30, 2010, as well as future employees entered the PEHP. 1 6 1 1 A 6 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 66 of 107 NOTES TO THE FINANCIAL STATEMENTS September 30,2017 NOTE H- POST-EMPLOYMENT BENEFITS OTHER THAN PENSION BENEFITS (OPEB),CONTINUED The benefits are provided both with and without contractual or labor agreements. The benefits may require contribution from the retirees, depending on certain specified criteria and, in particular, length of creditable employment. The District finances the benefits on a pay-as-you-go basis and recognizes expenditures at the time the premiums are due for both Plans. Effective January 1, 2015, all active employees of the merged District are covered with the same post retirement health. Effective May 1, 2017 the District offered a post-employment health insurance supplementation for eligible retirees who have completed fifteen (15)years of service including three (3)years as a Chief Officer. Under this plan, the District shall contribute 100% toward the cost of the retiree's participation in the District's health insurance program for the retiree and qualifying spouse/dependent until the employee reaches the age of 65 or is eligible for Medicare, whichever occurs first. This benefit is provided in lieu of contributions to the PEHP. Defined Benefit Plan Specifically, the Defined Benefit Plan provides that the District will pay a portion of medical and dental premiums for retirees depending on their years of credited service starting with the completion of fifteen (15)years of credited service. As such, the District pays 50% of the employee's premium and 25% of the spouse's premium at completion of 15 years of service progressing to 100% of the employee's premium and 100% of the spouse's premium upon completion of 25 years of service for certain employees based on final rank at date of retirement.. The District also pays the premium associated with a$5,000 life insurance benefit. During fiscal years 2009 and 2010, the District offered two (2) separate Early Retirement Incentive Programs (ERIP)to a number of active employees. A portion of the programs includes full payment of premiums associated with medical, dental, vision and life insurance coverage, including dependent coverage for a period of 3 years. After the 3 year period ends, the ERIP participants receive the Defined Benefit Plan benefits they had been eligible for at termination. During the year ended September 30, 2014, the District paid the final amounts due on the ERIP Plans. Note that the projected premiums for the dental and life benefits are assumed to cover the entire cost of the program. 16I1A6 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 67 of 107 NOTES TO THE FINANCIAL STATEMENTS September 30,2017 NOTE H- POST-EMPLOYMENT BENEFITS OTHER THAN PENSION BENEFITS (OPEB),CONTINUED Post Employment Health Plan (PEHP) The PEHP is a defined contribution plan administered by the District. All employees who did not elect to remain in the Defined Benefit Plan, and all future active employees are participants in the PEHP. Originally participants in the PEHP had$7,000 deposited on their behalf into a trust account on the 20th anniversary of their date of hire and on each subsequent anniversary. Additionally, those participants having over 20 years of credited service at their date of retirement also received a$30,000 deposit on their behalf at date of separation. Effective October 1, 2012, the Plan was changed to limit District total contributions to $50,000 per employee. Effective October 1, 2015, participants in the PEHP will have$2,500 deposited into a trust account following the 5th anniversary of their date of hire and on each subsequent year. Additionally, those participants having over 20 years of credited service at their date of retirement will receive a maximum contribution ranging from $37,000 to$50,000 depending on length of service. The PEHP is designed to offer similar benefits to those offered under the Defined Benefit Plan. The District, as part of the PEHP, entered a group variable annuity contract. As such, the PEHP Plan's asset custodian and third party administrator is the insurance company through which the annuity is contracted. General - Funding Policy The District paid $226,803 for retiree's and ERIP participants'health care premiums as part of the Defined Benefit Plan on a pay-as-you-go basis for the year ended September 30, 2017. The District also contributed$493,000 to the PEHP Plan for the year ended September 30, 2017. 1611A6 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 68 of 107 NOTES TO THE FINANCIAL STATEMENTS September 30,2017 NOTE H- POST-EMPLOYMENT BENEFITS OTHER THAN PENSION BENEFITS (OPEB),CONTINUED Post Employment Health Plan (PEHP),continued General -Funding Policy, Continued No separate trust has been established for either Plan. No separate financial statement is issued for either OPEB Plan. All required disclosures are presented herein. The District obtained an actuarial valuation for its OPEB Plans to measure the current year's subsidies and project these subsidies into the future, making an allocation of that cost to different years. The following schedule of funding progress presents multi-year trend information about whether the actuarial value of plan assets is increasing or decreasing over time relative to the actuarial accrued liability for benefits. Schedule of Funding Progress-Defined Benefit Plan Unfunded Actuarial (2) Actuarial UAAL as a (I) Value of Actuarial Accrued Annual Percentage of Actuarial Assets Accrued Liability Funded Covered Covered Valuation (AVA) Liability(AAL) (UAAL) Ratio Payroll Payroll Date* (a) (b) (h-a) (a/b) (c) (h-a)/c 10/01/16 $ - $ 9,200,152 $ 9,200,152 0.0% $ 17,388,402 52.9% 01/01/15 $ - $ 10,342,305 $10,342,305 0.0% $ 13,652,782 75.8% 10/01/13 $ - $ 3,477,741 $ 3,477,741 0.0% $ 328,225 1059.6% 10/01/12 $ - $ 3,343,982 $ 3,343,982 0.0% $ 1,057,211 316.3% 10/01/11 $ - $ 6,882,021 $ 6,882,021 0.0% $ 1,057,211 651.0% (1)-Initial actuarial valuation dated 10/1/09(transition year) (2)-The AAL reduction in 2012 was in part due to a change in certain actuarial assumptions but substantially due to consideration given to the fact the District is funding the PEHP. Schedule of Contributions from Employer-Three Year Trend-Defined Benefit Plan Expected Percentage of Year Annual Cash Annual OPEB Net OPEB Ended OPEB Cost Payment Cost Obligation 09/30/17 $1,132,251 $ 389,014 34.4% $3,755,838 09/30/16 $1,237,351 $ 441,734 35.7% $3,012,601 09/30/15 $1,020,150 $ 358,162 35.1% $2,217,063 09/30/14 $ 508,598 $ 78,065 15.3% $ 1,555,292 09/30/13 $ 503,266 $ 78,335 15.6% $ 1,208,932 Note: Actuarial projection for the PEHP is N/A 1 6 1 1 A 6 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 69 of 107 NOTES TO THE FINANCIAL STATEMENTS September 30, 2017 NOTE H - POST-EMPLOYMENT BENEFITS OTHER THAN PENSION BENEFITS (OPEB), CONTINUED Annual OPEB Cost and Net OPEB Obligation The annual OPEB cost is the amount that was expensed in the current year. Since the District's Defined Benefit Plan is unfunded, the offset to that expense comes from subsidies paid on behalf of the current retirees and their dependents for the current year. This offset is called the expected cash payment. The cumulative difference between the annual OPEB cost for the year and the expected cash payment is called the net OPEB obligation (NOO). The net OPEB obligation for the North Naples Service Delivery Area and Big Corkscrew Island Service Delivery Area as of September 30, 2017 is as follows: Amount Net OPEB obligation-NN $ 3,755,838 Net OPEB obligation-BCI - $ 3,755,838 The Net OPEB obligation is reflected as a liability in the Statement of Net Position. The following table shows the components of the District's annual OPEB cost for the year and the net OPEB obligation. Year ended September 30, 2017 Defined Benefit Plan PEI-IP Annual required contribution(ARC) $ 1,185,965 $ 493,000 Adjustment to ARC (174,218) - Plus interest on NO0 120,504 - Annual OPEB cost 1,132,251 493,000 Annual Net contribution made (389,014) (493,000) Expected cash payment 389,014 (493,000) Yearly change in OPEB obligation 743,237 Net OPEB obligation-beginning of year 3,012,601 Net OPEB obligation-end of year $ 3,755,838 $ - Actuarial valuations of an ongoing plan involve estimates of the value of reported amounts and assumptions about the probability of occurrence of events far into the future. Examples include assumptions about future employment, mortality, and healthcare cost trend. Amounts determined regarding the funding status of a plan and the annual required contributions of the employer are subject to continual revision as actual results are compared with past expectations and new estimates are made about the future. 1611 A � NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 70 of 107 NOTES TO THE FINANCIAL STATEMENTS September 30,2017 NOTE H- POST-EMPLOYMENT BENEFITS OTHER THAN PENSION BENEFITS (OPEB), CONTINUED Actuarial Methods and Assumptions Projections of benefits for financial reporting purposes are based on the substantive plans (the plans as understood by the employer and plan members) and include the types of benefits provided at the time of the valuation and the historical pattern of sharing of benefit costs between the employer and plan members. The actuarial methods and assumptions used include techniques that are designed to reduce the effects of short-term volatility in actuarial accrued liabilities and the actuarial valuation of assets,consistent with the long-term perspective of the calculations. In the October 1, 2016 actuarial valuation, the Projected Unit Credit Unit cost method with linear pro-ration to assumed benefit commencement was used. The actuarial assumptions included a 4.0 percent investment rate of return and an inflation assumption of 3.0 percent with an annual salary scale of 6.0 percent. Since there are no invested plan assets held in trust to finance the Defined Benefit Plan - OPEB obligations, the investment return discount rate is the long-term expectation of investment return on assets held in District funds pursuant to its investment policy.The assumptions also included an annual healthcare cost trend based on a graded schedule beginning with 8.75 percent annually down to an ultimate rate of 4.0 percent in fiscal 2073. The unfunded actuarial accrued liability is being amortized over a closed period of 30 years as a level dollar amount. The funding method is the projected unit credit method as noted above. NOTE I - RISK MANAGEMENT During the year ended September 30, 2017, the District provided health benefits as follows: The District continued the use of a high deductible health plan offered to employees and retirees of the District. The District does not offer vision coverage to the employees of the District. The District offers a HSA plan for its employees. The District contributes $5,000 for those eligible participants who have met the family deductible and$3,000 for those eligible participants who have to meet the individual deductible to the HSA plan annually. 1611A6 ' NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 71 of 107 NOTES TO THE FINANCIAL STATEMENTS September 30,2017 NOTE I - RISK MANAGEMENT, CONTINUED Participants may also elect to contribute to the respective plan on a pre-tax basis. HSA amounts that are not utilized by the year end are carried over and are the property of the participant per IRS regulation. The District's HSA contributions for the year ended September 30, 2017 were $1,218,515. The District incurred $4,313,302 in health related claims, third party administration costs, premiums and reinsurance premiums including HSA contributions (noted above) and workers compensation insurance during the year ended September 30, 2017, for the self-insurance and fully-funded insurance programs. It is the policy of the District to purchase third party commercial insurance for other remaining forms of potential risks to which it is exposed. The District's risk management activities are reported in the General Fund. No accrual has been recorded for claims and incidents not reported to the insurer. The District paid $446,282 for building, auto and other liability insurances for the year ended September 30, 2017. The District had no significant reductions in insurance coverage from the prior year. Reported claims have not exceeded the insurance coverage for the years ended September 30, 2011 through September 30, 2017. NOTE J- PROPERTY TAXES Property taxes are levied after formal adoption of the District's budget and become due and payable on November 1 of each year and are delinquent on April 1 of the following year. Discounts on property taxes are allowed for payments made prior to the April 1 delinquent date. Tax certificates are sold to the public for the full amount of any unpaid taxes and must be sold not later than June 1 of each year. The billing, collection, and related record keeping of all property taxes is performed for the District by the Collier County Tax Collector. No accrual for the property tax levy becoming due in November 2017 is included in the accompanying basic financial statements, since such taxes are collected to finance expenditures of the subsequent period. 1611A6 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 72 of 107 NOTES TO THE FINANCIAL STATEMENTS September 30,2017 NOTE J - PROPERTY TAXES, CONTINUED Procedures for collecting delinquent taxes, including applicable tax certificate sales and tax deed sales, are provided for by Florida Statutes. The enforceable lien date is approximately two years after taxes become delinquent and occurs only upon request of a holder of a delinquent tax certificate. As of September 30, 2017, $201,154 was recorded in the General Fund and was due from the Collier County Tax Collector to the District for ad valorem taxes and excess fees, and interest. Important dates in the property tax cycle are as follows: Assessment roll certified July 1 Millage resolution approved No later than 93 days following certification of assessment roll. Taxes due and payable (Levy date) November/with various discount provisions through March 31. Property taxes payable- maximum discount (4 percent) 30 days after levy date Beginning of fiscal year for which taxes have been levied October 1 Due date March 31 Taxes become delinquent (lien date) April 1 Tax certificates sold by the Collier County Tax Collector Prior to June 1 For the year ended September 30, 2017,the Board of Commissioners of the District levied ad valorem taxes at a millage rate of$.95 per$1,000 (.95 mills) of the 2016 net taxable value of real property located within the North Naples Service Delivery Area. For the year ended September 30, 2017, the Board of Commissioners of the District levied ad valorem taxes at a millage rate of$3.45 per$1,000(3.45 mills) of the 2016 net taxable value of real property located within the Big Corkscrew Island Service Delivery Area. 1611A6 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 73 of 107 NOTES TO THE FINANCIAL STATEMENTS September 30,2017 NOTE K- IMPACT FEE FUND ACTIVITY During the year ended September 30, 2017, the Impact Fee Fund had the following activity: Amount Unearned revenue,October 1,2016 $ 1,242,673 Impact fee receipts 1,162,373 Due from other Governments 55,854 Interest and other income 19,442 Operating fees-collection fees (17,460) Loan interest (15,141) Principal reduction (57,500) Capital outlay (125,498) Transfers in(out) - Unearned revenue,September 30,2017 $ 2,264,743 NOTE L- FUND BALANCE/NET POSITION ALLOCATIONS Fund Balance/Net Position were allocated for the following purposes at September 30, 2017: NN BCI Total Nonspendable-General Fund Amount Amount Amount Nonspendable fund balance-General Fund prepaid expenses $ 1.175,978 $ - $ 1,175,978 NN BCI Total Assigned fund balance-General Fund Amount Amount Amount General Fund-Expenses-Oct-Dec $ 5,827,316 $ 761,352 $ 6,588,668 General Fund-Minimum operating reserve per policy 1,065,378 89,960 1,155,338 Total General Fund $ 6,892,694 $ 851,312 $ 7,744,006 NN BCI Total Unassigned-General Fund Amount Amount Amount General Fund $ - $ - $ - Total Restricted Fund Balance/Net Position-Inspection Fee Fund Amount Inspection Fee Fund $ 20,055 1611A6 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 74 of 107 NOTES TO THE FINANCIAL STATEMENTS September 30, 2017 NOTE M-LEASED VEHICLES On October 13, 2016, the District leased seventeen (17)vehicles under a forty eight (48)month operating lease agreement with a monthly payment of$8,514. The minimum annual lease payments are as follows: Years Ending September 30 Amount 2018 $ 102,216 2019 102,216 2020 102,216 2021 42,590 $ 349,238 Lease expense for the year ended September 30, 2017 was$54,515. NOTE N - COMMITMENTS AND CONTINGENCIES The District is involved from time to time in certain routine litigation, the substance of which either as liabilities or recoveries, would not materially affect the financial position of the District. Although the final outcome of the lawsuits, assertions, and claims or the exact amount of costs and/or potential recovery is not presently determinable, in the opinion of the District's legal counsel, the resolution of these matters will not have a materially adverse affect on the financial condition of the District. As a general policy, the District plans to vigorously contest any such matters. In April 2017, the Board approved a capital lease in the amount of$888,147 for the purchase of a vehicle not yet received at September 30, 2017. The vehicle nor the lease payable is recorded at September 20, 2017 as the vehicle is subject to final inspection and acceptance upon delivery. The lease requires five (5) annual payments of approximately$193,000 including interest at 2.74%beginning on May 1, 2018. 1611A6 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 75 of 107 NOTES TO THE FINANCIAL STATEMENTS September 30, 2017 NOTE O- DEFICIT UNRESTRICTED NET POSITION (NET ASSETS) During the year ended September 30, 2016, the District's unrestricted net position (net assets)balance was a deficit of$(4,523,592), due substantially to recording the current year actuarially determined net pension liability of$16,051,882. The District's total available fund balance at September 30, 2016 remains approximately equal to four(4) months of actual expenditures. However, the Board had assigned 100% of the available fund balance of$12,963,754 for specific purposes. During the year ended September 30, 2017, the District's unrestricted net position (net assets)balance was a deficit of$(3,046,464), due substantially to recording the current year actuarially determined net pension liability of$16,738,173. The District's total available fund balance at September 30, 2017 remains approximately equal to four(4) months of actual expenditures. However, the Board assigned 100% of the available fund balance of$7,744,006 to fund operations for the first quarter of the subsequent fiscal year. 1611A6 COMBINING FINANCIAL STATEMENTS BY SERVICE DELIVERY AREA 1611A6 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 76 of 107 COMBINING BALANCE SHEET -GENERAL FUND-BY SERVICE DELIVERY AREA September 30,2017 North Naples Big Corkscrew Total Service Island Service General Delivery Area Delivery Area Eliminations Fund ASSETS Cash and cash equivalents $ 6,682,965 S 1.916,113 $ - $ 8,599,078 Restricted cash and cash equivalents - - - - Investments - - - - Due from other governments 171,744 107,464 - 279,208 Due from other funds 1,591,978 - (1,172,265) 419,713 Other receivables 396,317 - - 396,317 Prepaid expenses 1,175,978 - - 1,175,978 TOTAL ASSETS $ 10,018,982 $ 2,023,577 $ (1,172,265) $ 10,870,294 LIABILITIES AND FUND BALANCE LIABILITIES Accounts payable and accrued expenses $ 1,417,821 $ - $ - $ 1,417,821 Retainage payable - - - - Due to other funds 524,989 1,172,265 (1,172,265) 524,989 Contract deposits 7,500 - - 7,500 Unearned revenue - - - - TOTAL LIABILITIES 1,950,310 1,172,265 (1,172,265) 1,950,310 FUND BALANCE Nonspendable 1,175,978 - - 1,175,978 Restricted - - - - Assigned 6,892,694 851,312 - 7,744,006 Unassigned 1,567 (1,567) - - TOTAL FUND BALANCE 8,070,239 849,745 - 8,919,984 TOTAL LIABILITIES AND FUND BALANCE $ 10,020,549 $ 2,022,010 $ (1,172,265) $ 10,870,294 The accompanying notes are an integral part of this statement. 161 1 A6 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 77 of 107 COMBINING STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCE - GENERAL FUND- BY SERVICE DELIVERY AREA Year Ended September 30,2017 General Fund • North Naples Big Corkscrew Total Service Island Service General Delivery Area Delivery Area Fund REVENUES Ad Valorem taxes $ 26,309,816 $ 4,429,759 $ 30,739,575 Intergovernmental revenue: State firefighter supplement 136,156 - 136,156 Federal grants 537,118 474,762 1,011,880 Charges for services 529,173 - 529,173 Miscellaneous: Interest 56,083 (19) 56,064 Other 483,869 20,736 504,605 TOTAL REVENUES 28,052,215 4,925,238 32,977,453 EXPENDITURES Current Public safety Personnel services 26,510,620 4,681,946 31,192,566 Operating expenditures 4,240,098 691,380 4,931,478 Capital outlay 2,982,201 488,257 3,470,458 Debt service: Principal reduction 221,555 36,187 257,742 Interest and fiscal charges 57,480 9,388 66,868 Reserves - - - TOTAL EXPENDITURES 34,011,954 5,907,158 39,919,112 EXCESS OF REVENUES OVER(UNDER)EXPENDITURES (5,959,739) (981,920) (6,941,659) OTHER FINANCING SOURCES AND(USES) Proceeds from capital lease 2,546,268 - 2,546,268 Proceeds from disposition of capital assets 32,785 - 32,785 Transfer in - - - Transfer out - - - TOTAL OTHER FINANCING SOURCES AND(USES) 2,579,053 - 2,579,053 EXCESS OF REVENUES AND OTHER FINANCING SOURCES OVER(UNDER) EXPENDITURES AND OTHER FINANCING USES (3,380,686) (981,920) (4,362,606) FUND BALANCE-Beginning 11,450,925 1,831,665 13,282,590 FUND BALANCE-Ending $ 8,070.239 $ 849,745 $ 8,919,984 The accompanying notes are an integral part of this statement. • 1 6 1 1 A 6 REQUIRED SUPPLEMENTARY INFORMATION OTHER THAN MD&A 1611A6 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 78 of 107 STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCE -BUDGET AND ACTUAL - GENERAL FUND - SUMMARY STATEMENT- NN Year Ended September 30,2017 General Fund Variance Original Final Favorable Budget Budget Actual (Unfavorable) REVENUES Ad Valorem taxes $ 25,751,679 $ 26,305,591 $ 26,309,816 $ 4,225 Intergovernmental revenue: State firefighter supplement 48,834 48,834 136,156 87,322 Federal grants 537,500 474,762 537,118 62,356 Charges for services 800,100 611,220 529,173 (82,047) Miscellaneous: Interest 69,500 69,500 56,083 (13,417) Other 479,310 498,743 483,869 (14,874) Subtotal-revenues 27,686,923 28,008,650 28,052,215 43,565 Cash brought forward 13,387,285 11,450,923 - (11,450,923) TOTAL REVENUES 41,074,208 39,459,573 28,052,215 (11,407,358) EXPENDITURES Current Public safety Personnel services 23,740,443 26,706,470 26,510,620 195,850 Operating expenditures 4,083,143 4,193,652 4,240,098 (46,446) Capital outlay 1,355,232 962,195 2,982,201 (2,020,006) Debt service: Principal reduction 269,839 235,456 221,555 13,901 Interest and fiscal charges 64,322 64,322 57,480 6,842 Reserves 11,561,229 7,297,478 - 7,297,478 TOTAL EXPENDITURES 41,074,208 39,459,573 34,011,954 5,447,619 EXCESS OF REVENUES OVER(UNDER)EXPENDITURES - - (5,959,739) (5,959,739) OTHER FINANCING SOURCES AND(USES) Proceeds from capital lease - - 2,546,268 2,546,268 Proceeds from disposition of capital assets - - 32,785 32,785 Transfer in - - - - Transfer out - - - - TOTAL OTHER FINANCING SOURCES AND(USES) - - 2,579,053 2,579,053 EXCESS OF REVENUES AND OTHER FINANCING SOURCES OVER(UNDER) EXPENDITURES AND OTHER FINANCING USES $ - $ - (3,380,686) $ (3,380,686) FUND BALANCE-Beginning 11,450,925 FUND BALANCE-Ending $ 8,070,239 The accompanying notes are an integral part of this statement. 1611A NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 79 of 107 STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCE-BUDGET AND ACTUAL GENERAL FUND-DETAILED STATEMENT-NN Year Ended September 30,2017 General Fund Variance Original Final Favorable Budget Budget Actual (Unfavorable) REVENUES Ad Valorem taxes $ 25,751,679 $ 26,305,591 $ 26,309,816 S 4,225 Intergovernmental revenue: State firefighter supplement 48,834 48,834 136,156 87,322 Federal grants 537,500 474,762 537,118 62,356 Charges for services 800,100 611,220 529,173 (82,047) Miscellaneous: Interest 69,500 69,500 56,083 (13,417) Other 479,310 498,743 483,869 (14,874) Subtotal-revenues 27,686,923 28,008,650 28,052,215 43,565 Cash brought forward 13,387,285 11.450,923 - (11,450,923) TOTAL REVENUES 41,074,208 39.459,573 28.052,215 (11,407,358) EXPENDITURES Current Public safety Personnel services: Salaries Firefighters&Admin. 14.706,133 14,706,133 14,540,484 165,649 Commissioners 29,012 29,012 28,699 313 Overtime 907,776 1,528,494 1,438,286 90,208 Vacation pay 136,419 136,419 232,949 (96,530) Sick leave 502,081 502,081 648,667 (146,586) Professional/Incentives and holiday pay 636,361 636,361 676,471 (40,110) Payroll taxes Social Security 1,179,526 1,179,526 1,300,472 (120,946) Benefits Retirement 1,698,624 3,545,098 3,454,149 90,949 Health insurance(including HSA) 3,098,311 2,926,391 2,676,548 249,843 Disability insurance 69,920 69,920 69,419 501 Unemployment 1,719 1,719 - 1,719 Workers compensation 598,343 830,272 833,909 (3.637) Medical clinic/employee physicals 173.639 173,639 186,686 (13,047) Post employment health plan - 438,826 423,783 15,043 Retirement recognition 2,579 2,579 98 2.481 Subtotal-Personnel services 23,740,443 26,706,470 26,510,620 195,850 The accompanying notes are an integral part of this statement. 1 6 1 1 A 6 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 80 of 107 STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCE-BUDGET AND ACTUAL GENERAL FUND-DETAILED STATEMENT -NN(CONTINUED) Year Ended September 30,2017 General Fund Variance Original Final Favorable Operating expenditures: Budget Budget Actual (Unfavorable) Insurance 336,057 336,057 383,624 (47,567) Uniforms 107,398 107,398 136,041 (28,643) Communications 23,514 23.514 16,968 6,546 Telephone 249,062 249,062 320,340 (71,278) Utilities 237,542 237,542 246,080 (8,538) Maintenance Vehicle 351,147 351.147 359,703 (8,556) Equipment 65.330 65,330 38,136 27,194 Computer 302.489 333,435 224,359 109,076 Hydrant 34,384 34,384 15,717 18.667 Building 361,764 361,764 368,185 (6,421) Supplies Office 64,470 64,470 63,348 1,122 Protective gear 82,951 82,951 86,527 (3,576) Station 48,739 48,739 57,609 (8,870) Emergency medical 139,565 139,565 133,161 6.404 Enterprise Lease/Rental - 44,699 46,861 (2,162) Hurricane/emergency - - 33,262 (33,262) Equipment Office 40,402 40,402 40,412 (10) Fire 101,347 101,347 113,986 (12,639) Shop 19,341 19,341 24,127 (4,786) Warehouse/logistics 5,158 5,158 5,410 (252) Professional and other fees Legal and professional 202,006 202,006 218,024 (16,018) Property appraiser fees 217,044 217,044 185.046 31,998 Tax collector fees 522,617 522,617 530,262 (7,645) Accounting 68,768 68,768 62.587 6,181 Miscellaneous Travel 32,683 32.683 34.648 (1,965) Water/sewer fee St.44 5,587 5,587 - 5,587 Public information officer 2,837 2,837 5.677 (2,840) Fuel and oil 150,430 150,430 200,634 (50,204) Legal advertisements 8,596 8,596 7,556 1,040 Dues and subscriptions 7,444 7,444 6,684 760 CERT team 11,605 11,605 7,877 3,728 Dive team 6,266 6,266 6,918 (652) Fire prevention 47,278 47,278 29,636 17,642 Training 193,273 193,273 199,658 (6,385) Hazardous materials 13,754 13,754 5,919 7,835 Technical rescue 8.725 8,725 5,132 3,593 Boat learn 4.977 4,977 5.145 (168) K-9 search and rescue - - - - Honor guard - - - - OPS - - - - Peer fitness - - - - Miscellaneous 8,593 8,593 14,839 (6,246) Operational Reserves Contingency - 34,864 - 34,864 Subtotal-Operating expenditures 4,083.143 4,193,652 4,240,098 (46.446) The accompanying notes are an integral part of this statement. 161 1A6 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 81 of 107 STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCE -BUDGET AND ACTUAL GENERAL FUND-DETAILED STATEMENT- NN (CONTINUED) Year Ended September 30,2017 General Fund Variancc Original Final Favorable Capital outlay: Budget Budget Actual (Unfavorable) Land - - - - Station improvements 443,339 326,433 251,876 74,557 Fire&rescue equipment 180,688 180,689 130,953 49,736 Protective gear 138,396 99,714 89,864 9,850 Communication equipment 8,596 8.596 - 8,596 Office equipment - - 1,908 (1,908) Medical equipment 73,066 55,874 53,046 2,828 Computers 146,132 165,703 165,702 1 TRT 9,713 9,713 6,726 2,987 Boat team 35,673 18,481 915 17,566 Vehicle purchase 248,919 34.879 15,760 19,119 Shop equipment 53,790 53.790 50,864 2,926 Training equipment - - 1,466 (1,466) Station equipment&computers 8,597 - 6,518 (6,518) Logistics/warehouse - - 4,149 (4,149) Hazardous materials equip. 5,673 5,673 - 5,673 Fire apparatus - - 2,200,628 (2.200,628) Dive equipment 2,650 2,650 1,826 824 Fire prevention - - - _ - Subtotal-Capital outlay 1,355,232 962,195 2,982,201 (2,020,006) Debt service: Principal reduction 269,839 235,456 221,555 13,901 Interest and fiscal charges __ 64,322 64,322 57,480 6,842 Subtotal-Debt service 334,161 299,778 279,035 20,743 Reserves: Reserves 11,561,229 7,297,478 - 7,297.478 TOTAL EXPENDITURES 41,074,208 39,459,573 34,011,954 5,447,619 EXCESS OF REVENUES OVER(UNDER)EXPENDITURES - - (5,959,739) (5,959,739) OTHER FINANCING SOURCES AND(USES) Proceeds from capital lease - - 2,546,268 2,546,268 Proceeds from disposition of capital assets - - 32,785 32,785 Transfers in - - - - Transfers out - - - - TOTAL.OTHER FINANCING SOURCES AND(USES) - - 2,579,053 2,579,053 EXCESS OF REVENUES AND OTHER FINANCING SOURCES OVER(UNDER)EXPENDITURES AND OTHER FINANCING USES $ - $ - (3,380,686) $ (3,380,686) FUND BALANCE-Beginning 11,450,925 FUND BALANCE-Ending $ 8,070,239 The accompanying notes are an integral part of this statement. 1611A6 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 82 of 107 STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCE -BUDGET AND ACTUAL -GENERAL FUND - SUMMARY STATEMENT -BCI Year Ended September 30, 2017 General Fund Variance Original Final Favorable Budget Budget Actual (Unfavorable) REVENUES Ad Valorem taxes $ 4,325,186 $ 4,429,759 $ 4,429,759 $ - Intergovernmental revenue: State firefighter supplement 7,976 7,976 - (7,976) Federal grants 537,500 480,500 474,762 (5,738) Charges for services 20,450 150 - (150) Miscellaneous: Interest 500 500 (19) (519) Other 87,500 51,196 20,736 (30,460) Subtotal-revenues 4,979,112 4,970,081 4,925,238 (44,843) Cash brought forward 2,172,349 1,831,665 - (1,831,665) TOTAL REVENUES 7,151,461 6,801,746 4,925,238 (1,876,508) EXPENDITURES Current Public safety Personnel services 4,226,386 4,759,801 4,681,946 77,855 Operating expenditures 666,862 727,965 691,380 36,585 Capital outlay 221,352 157,157 488,257 (331,100) Debt service: Principal reduction 44,073 38,457 36,187 2,270 Interest and fiscal charges 10,506 10,506 9,388 1,118 Reserves 1,982,282 1,107,860 - 1,107,860 TOTAL EXPENDITURES 7,151,461 6,801,746 5,907,158 894,588 EXCESS OF REVENUES OVER(UNDER)EXPENDITURES - - (981,920) (981,920) OTHER FINANCING SOURCES AND USES Proceeds from disposition of capital assets - - - - Transfer out - - - - TOTAL OTHER FINANCING SOURCES AND USES - - - - EXCESS OF REVENUES AND OTHER FINANCING SOURCES OVER(UNDER) EXPENDITURES AND OTHER FINANCING USES $ - $ - (981,920) $ (981,920) FUND BALANCE-Beginning 1,831,665 FUND BALANCE-Ending $ 849,745 1 6 1 1 A 6 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 83 of 107 STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCE -BUDGET AND ACTUAL- GENERAL FUND- DETAILED STATEMENT -BCI Year Ended September 30, 2017 General Fund Variance Original Final Favorable Budget Budget Actual (Unfavorable) REVENUES Ad Valorem taxes $ 4.325,186 $ 4,429,759 $ 4,429,759 S - Intergovernmental revenue: State firefighter supplement 7,976 7,976 - (7,976) Federal grants 537,500 480,500 474,762 (5,738) Charges for services 20.450 150 - (150) Miscellaneous: Interest 500 500 (19) (519) Other 87,500 51,196 20,736 (30,460) Subtotal-revenues 4,979,112 4,970,081 4,925,238 (44,843) Cash brought forward 2,172,349 1,831,665 - (1,831,665) TOTAL REVENUES 7.151,461 6,801,746 4.925,238 (1,876,508) EXPENDITURES Current Public safety Personnel services: Salaries Firefighters&Admin. 2,401,979 2,401,979 2.374,923 27,056 Salaries-harmonization 312,460 358,162 312,460 45,702 Commissioners 4,739 4,739 4,688 51 Overtime 148,268 252,918 234,919 17,999 Vacation pay 22,281 22,281 38,048 (15,767) Sick leave 82,006 82,006 105,948 (23,942) Incentives and holiday pay 103,937 103,937 110,489 (6,552) Payroll taxes Social Security 192,654 192,654 212,408 (19,754) Benefits Retirement 287,374 588,959 564,172 24,787 Health insurance 506,052 477,972 437,165 40,807 Disability insurance 11,420 11,420 11,338 82 Benefits harmonization 22,702 22,702 39,459 (16,757) Unemployment 281 281 - 281 Workers compensation 101,451 139,335 136,204 3,131 Medical clinic/employee physicals 28,361 28,361 30,492 (2,131) Post employment health plan - 71,674 69,217 2,457 Retirement recognition 421 421 16 405 Subtotal-Personnel services 4,226,386 4,759,801 4,681,946 77,855 1 6 1 1 A 6 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 84 of 107 STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCE -BUDGET AND ACTUAL - GENERAL FUND- DETAILED STATEMENT-BCI(CONTINUED) Year Ended September 30,2017 General Fund Variance Original Final Favorable Operating expenditures: Budget Budget Actual (Unfavorable) insurance 54,889 54,889 62,658 (7,769) Uniforms 17,542 17,542 22,220 (4.678) Communications 3,841 3,841 2,77] 1,070 Telephone 40,680 40,680 52,322 (11,642) Utilities 38,798 38,798 39,161 (363) Maintenance Vehicle 57,353 57,353 58,751 (1,398) Equipment 10.670 10,670 6,229 4,441 Computer 49,406 54,460 36.645 17,815 Hydrant 5,616 5,616 2,567 3,049 Building 59,086 59,086 60,134 (1,048) Supplies Office 10,530 10,530 16,552 (6,022) Protective gear 13,549 13,549 14,133 (584) Station 7,961 7,961 9,410 (1,449) Emergency medical 22,795 22,795 25.690 (2,895) Enterprise Lease/Rental - 7,301 7,654 (353) Hurricane/emergency - - 5.433 (5,433) Equipment Office 6,598 6,598 396 6,202 Fire 16,553 16,553 18,617 (2,064) Shop 3,159 3,159 - 3,159 Warehouse/logistics 842 842 883 (41) Professional and other fees Legal and professional 32,994 32,994 35,610 (2,616) Property appraiser fees 35,450 35,450 30,224 5,226 Tax collector fees 85,360 85,360 86,609 (1,249) Accounting 11,232 11.232 10.223 1.009 Miscellaneous Travel 5,317 5,317 5,659 (342) Water/sewer fee St.44 913 913 1,032 (119) Public information officer 463 463 927 (464) Public education officer - - - - Fuel and oil 24,570 24,570 32,770 (8,200) Legal advertisements 1,404 1,404 1,237 167 Dues and subscriptions 1,216 1,216 1,092 124 CERT team 1.895 1,895 1.286 609 Dive team 1,023 1,023 1,130 (107) Fire prevention 7.722 7,722 4,840 2,882 Training 31,543 31,543 32.610 (1,067) Hazardous materials 2.246 2,246 967 1,279 Technical rescue 1.425 1,425 838 587 Boat team 813 816 840 (24) K-9 search and rescue - - - Honor guard - - - - OPS - - - - Peer fitness - - - - Miscellaneous 1,408 1,404 1,260 144 Operational Reserves Contingency - 48,749 - 48,749 Subtotal-Operating expenditures 666,862 727,965 691,380 36,585 1 6 1 1 A 6 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 85 of 107 STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCE-BUDGET AND ACTUAL - GENERAL FUND-DETAILED STATEMENT-BCI (CONTINUED) Year Ended September 30,2017 General Fund Variance Original Final Favorable Capital outlay: Budget Budget Actual (Unfavorable) Land - - - - Station improvements 72,410 53,317 42,204 11,113 Fire&rescue equipment 29,512 29,511 22,558 6,953 Protective gear 22,604 16,286 14,678 1,608 Communication equipment 1,404 1,404 - 1,404 Office equipment - - 312 (312) Medical equipment 11,934 9,126 8,664 462 Computers 23,868 27,065 27,065 - TRT 1,587 1,587 1,098 489 Boat team 5,827 3,019 150 2,869 Vehicle purchase 40,656 5,696 2,574 3,122 Shop equipment 8,786 8,786 8,307 479 Training equipment - - 239 (239) Station equipment - - - - Logistics/warehouse 1,404 - 678 (678) Hazardous materials equipment 927 927 - 927 Fire apparatus - - 359,432 (359.432) Dive equipment 433 433 298 135 Subtotal-Capital outlay 221,352 157,157 488,257 (331,100) Debt service: Principal reduction 44,073 38,457 36,187 2,270 Interest and fiscal charges 10,506 10,506 _ 9,388 1,118 Subtotal-Debt service 54,579 48,963 45,575 3,388 Reserves: Reserves 1,982,282 1,107,860 - 1,107,860 TOTAL EXPENDITURES 7,151,461 6,801,746 5,907,158 894,588 EXCESS OF REVENUES OVER(UNDER)EXPENDITURES - - (981,920) (981,920) OTHER FINANCING SOURCES AND USES Proceeds from disposition of capital assets - - - - Transfer out - - - - TOTAL OTHER FINANCING SOURCES AND USES - - - - EXCESS OF REVENUES AND OTHER FINANCING SOURCES OVER(UNDER)EXPENDITURES AND OTHER FINANCING USES $ - $ - (981,920) $ (981,920) FUND BALANCE-Beginning 1,831,665 FUND BALANCE-Ending $ 849,745 16I1A6 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 86 of 107 STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - COMBINED SERVICE DELIVERY AREAS - BUDGET AND ACTUAL - IMPACT FEE FUND -SUMMARY STATEMENT Year Ended September 30, 2017 Impact Fee Fund Variance Original Final Favorable Budget Budget Actual (Unfavorable) REVENUES Fees: Impact fees $ 2,000,000 $ 2,000,000 $ 196,157 $ (1,803,843) Miscellaneous: Interest 1,000 1,000 4,876 3,876 Other - - 14,566 14,566 Subtotal-revenues 2,001,000 2,001,000 215,599 (1,785,401) Cash brought forward 1,253,252 1,253,252 - (1,253,252) TOTAL REVENUES 3,254,252 3.254,252 215,599 (3,038,653) EXPENDITURES Current Public safety Operating expenditures 71,000 71,000 17,460 53,540 Capital outlay 1,650,000 1,650,000 125,498 1,524,502 Debt service: Principal 57,500 57,500 57,500 - Interest and fiscal charges 17,250 17,250 15,141 2,109 Reserves 1,458,502 1,458,502 - 1,458,502 TOTAL EXPENDITURES 3,254,252 3,254,252 215,599 3,038,653 EXCESS OF REVENUES OVER(UNDER)EXPENDITURES - - - - OTHER FINANCING SOURCES AND(USES) Transfers in - - - - TOTAL OTHER FINANCING SOURCES AND(USES) - - - - EXCESS OF REVENUES AND OTHER FINANCING SOURCES OVER(UNDER) EXPENDITURES AND OTHER FINANCING USES $ - $ - - $ - FUND BALANCE-Beginning - FUND BALANCE-Ending $ - 1 6 I 1 A 6 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 87 of 107 STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCE - COMBINED SERVICE DELIVERY AREAS - BUDGET AND ACTUAL -IMPACT FEE FUND-DETAILED STATEMENT Year Ended September 30, 2017 Impact Fee Fund Variance Original Final Favorable REVENUES Budget Budget Actual (Unfavorable) Fees: Impact fees S 2,000,000 S 2,000,000 $ 196,157 $ (1,803,843) Miscellaneous: Interest 1,000 1,000 4,876 3,876 Other - - 14,566 14,566 Subtotal-revenues 2,001,000 2,001,000 215,599 (1,785,401) Cash brought forward 1,253,252 1,253,252 - (1,253,252) TOTAL REVENUES 3,254,252 3,254,252 215,599 (3,038,653) EXPENDITURES Operating expenditures: Impact fee collection 71,000 71,000 17,460 53.540 Subtotal-Operating expenditures 71,000 71.000 17,460 53,540 Capital outlay: Preplanning - - 2.500 (2,500) Construction in progress 1,050,000 1,050,000 112,298 937,702 Emergency signal-station#42 400,000 400,000 10,700 389,300 Protective gear 50,000 50,000 - 50,000 Equipment 150,000 150,000 - 150,000 Subtotal-Capital outlay 1.650,000 1,650,000 125,498 1,524,502 Debt service: Principal 57,500 57,500 57,500 - Interest and fiscal charges 17,250 17.250 _ 15,141 2,109 Subtotal-Debt service 74.750 74,750 72,641 2,109 Reserves: 1,458,502 _ 1,458,502 - 1,458,502 TOTAL EXPENDITURES 3,254,252 3,254,252 215,599 3,038,653 EXCESS OF REVENUES OVER(UNDER)EXPENDITURES - - - - OTHER FINANCING SOURCES AND(USES) Transfers in(out) - - - - TOTAL OTHER FINANCING SOURCES AND(USES) - - - - EXCESS OF REVENUES AND OTHER FINANCING SOURCES OVER(UNDER) EXPENDITURES AND OTHER FINANCING USES $ - $ - - $ - FUND BALANCE-Beginning - FUND BALANCE-Ending $ - 16 % 1A6 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 88 of 107 STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCE-BUDGET AND ACTUAL -COMBINED SERVICE DELIVERY AREA - INSPECTION FEE FUND-SUMMARY STATEMENT Year Ended September 30,2017 Inspection Fee Fund Variance Original Final Favorable Budget Budget Actual (Unfavorable) REVENUES Charges for services Inspection fees $ 1,000,000 $ 810,915 $ 830,970 $ 20,055 Plan review fees 1,000,000 794,093 794,093 Miscellaneous: Interest 2,000 914 913 (1) Subtotal-revenues 2,002,000 1,605,922 1,625,976 20,054 Cash brought forward 1,905 4,942 - (4,942) TOTAL REVENUES 2,003,905 1,610,864 1,625,976 15,112 EXPENDITURES Current Public safety Personnel services 1,754,321 1,479,659 1,479,657 2 Operating expenditures 175,577 131,204 131,207 (3) Capital outlay 72,500 - - - Reserves 1,507 I - I TOTAL EXPENDITURES 2,003,905 1,610,864 1,610,864 - EXCESS OF REVENUES OVER(UNDER)EXPENDITURES $ - $ - 15,112 $ 15,112 FUND BALANCE-Beginning 4,943 FUND BALANCE-Ending $ 20,055 The accompanying notes are an integral part of this statement. 1611A6 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 89 of 107 STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCE -BUDGET AND ACTUAL - COMBINED SERVICE DELVERY AREA - INSPECTION FEE FUND - DETAILED STATEMENT Year Ended September 30,2017 Inspection Fee Fund Variance Original Final Favorable Budget Budget Actual (Unfavorable) REVENUES Charges for services: Inspection fees $ 1,000,000 $ 810,915 $ 830,970 $ 20,055 Plan review fees 1,000,000 794,093 794,093 - Miscellaneous: Interest 2,000 914 913 (1) Subtotal-revenues 2.002,000 1,605,922 1,625,976 20,054 Cash brought forward 1,905 4,942 - (4,942) TOTAL REVENUES 2,003,905 1,610,864 1,625,976 15,112 EXPENDITURES Current Public safety Personnel services: Salaries Regular 1,209,508 1,055,458 1.055,458 - Overtime 30,000 99,196 99,196 - Sick leave 25,000 - - - Vacation pay - - - - Professional/Incentives and holiday pay 6,000 6,000 9.600 (3,600) Payroll taxes Social Security 95,891 95,891 89,065 6,826 Benefits Retirement 139,900 114.247 117,078 (2,831) Health insurance 198.210 62,690 62,690 Disability insurance 10,000 6,365 - 6,365 Medical clinic/employee physicals 1,000 1,000 - 1,000 Unemployment compensation - - - - Workers compensation 38,812 38,812 46,570 (7,758) Subtotal-Personnel services 1,754,321 1,479,659 1,479,657 2 The accompanying notes are an integral part of this statement. 1611A6 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 90 of 107 STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCE -BUDGET AND ACTUAL - COMBINED SERVICE DELVERY AREA-INSPECTION FEE FUND - DETAILED STATEMENT (CONTINUED) Year Ended September 30, 2017 Inspection Fee Fund Variance Original Final Favorable Operating expenditures: Budget Budget Actual (Unfavorable) Uniforms 1,000 - - - Telephone 1,000 - - - Utilities 2,500 - - - Rent 50,000 50,000 50,000 - Maintenance Computer software&supplies 76.177 67,304 68,370 (1,066) Hydrant - - - - Supplies Office 2,000 - -Miscellaneous Employee physicals - - - - Dues&subscriptions 6,900 1,900 1,634 266 Fire prevention 5,000 1,000 939 61 Training 25,000 6,000 4,282 1,718 Travel 6,000 5,000 5,982 (982) Subtotal-Operating expenditures 175,577 131,204 131,207 (3) Capital outlay: Office facility - - - - Vehicles 72,500 - - - Subtotal-Capital outlay 72,500 - - - Debt service: Principal reduction - - - - Interest and fiscal charges - - - - Subtotal-Debt service - - - - Reserves: 1,507 1 - 1 TOTAL EXPENDITURES 2,003,905 1,610,864 1,610,864 - EXCESS OF REVENUES • OVER(UNDER) EXPENDITURES $ - $ - 15,112 $ 15,112 FUND BALANCE-Beginning 4,943 FUND BALANCE-Ending $ 20,055 The accompanying notes are an integral part of this statement. 1611A6 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS Year Ended September 30,2017 Federal Program or CFDA/ Grantor's Award Receipts/ Grantor Agency/Program Title Number Number Amount Revenue FEDERAL AGENCY U.S.Department of Homeland Security TYPE A-MAJOR Staffing of Adequate Fire and Emergency Response SAFER-Hiring Grant 97.083 EMW-2014-FH-00651 $ 1,666,596 $ 845,636 Staffing of Adequate Fire and Emergency Response SAFER-Recruitment&Retention Grant 97.083 EMW-2015-FF-00426 527,473 103,888 2,194,069 949,524 TYPE B-NON MAJOR Passed through the Florida Department of Financial Services-Florida State Fire Marshal Office Disaster Grant-Public Assistance 97.036 DR4283 62,356 62,356 TOTAL FEDERAL FINANCIAL AWARDS $ 2,256,425 $ 1,011,880 (1)Includes receivable of$78,054 1611A6 Page 91 of 107 Disbursements/ Pass through Expenditures to Subrecipients (1) $ 845,636 $ - 103,888 - 949,524 - 62,356 - $ 1,011,880 $ - 1611A6 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 92 of 107 NOTES TO THE SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS Year Ended September 30,2017 NOTE A - BASIS OF PRESENTATION The Schedule of Expenditures of Federal Awards has been prepared on the accrual basis of accounting in conformity with accounting principles generally accepted in the United States of America and is in accordance with the provisions of the OMB Uniform Guidance. Expenditures reported on the Schedule of Expenditures of Federal Awards include cash disbursements, whether capitalized or expensed, during the fiscal year as well as grant related amounts recorded as payable at year end. Revenues reported on the Schedule of Expenditures of Federal Awards include cash receipts, whether recognized or deferred, as well as grant receivables recorded at year end. NOTE B - INDIRECT COSTS The District did not routinely allocate indirect costs to Federal Awards. Costs charged to such programs were direct costs. The District has elected not to use the 10% de minimus indirect cost rate allowed under the Uniform Guidance. ! 611A6 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 93 of 107 SCHEDULE OF DISTRICT'S PROPORTIONATE SHARE OF THE NET PENSION LIABILITY -FLORIDA RETIREMENT SYSTEM (FRS) PENSION PLAN(1) 2017 2016 2015 2014 District's proportion of the net pension liability 0.038802719% 0.040983896% 0.038209683% 0.041592399% District's proportionate share of the net pension liability $ 11,477,584 $ 10,348,466 $ 4.935,293 $ 2,537,748 District's covered-employee payroll $ 6,933,311 $ 6,745,995 $ 6,326,722 $ 6,293,887 District's proportionate share of the net pension liability as a percentage of its covered-employee payroll 165.54% 153.40% 78.01% 40.32% Plan fiduciary net position as a percentage of the total pension liability 83.89% 84.88% 92.00% 96.09% Notes: (1)The amounts presented for each fiscal year were determined as of September 30. SCHEDULE OF DISTRICT CONTRIBUTIONS - FLORIDA RETIREMENT SYSTEM (FRS) PENSION PLAN(1) 2017 2016 2015 2014 Contractually required contribution $ 1,119,238 $ 1,099,170 $ 967,270 $ 971,792 Contributions in relation to the contractually required contribution 1,119,238 1.099,170 967,270 971,792 Contribution deficiency(excess) $ - $ -- $ - $ - District's covered-employee payroll $ 6,933,311 '$ 6,745,995 $ 6,326,722 $ 6,293,887 Contributions as a percentage of covered-employee payroll 16.14% 16.29% 15.29% 15.44% Notes: (I)The amounts presented for each fiscal year were determined as of September 30. GASB 68 requires information for 10 years. However,until a full 10-year trend is compiled, governments should present information for only those years for which information is available. 1611 A6 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 94 of 107 SCHEDULE OF DISTRICT'S PROPORTIONATE SHARE OF THE NET PENSION LIABILITY - HEALTH INSURANCE SUBSIDY (HIS)PENSION PLAN (1) 2017 2016 2015 2014 District's proportion of the net pension liability 0.021233558% 0.021530658% 0.021138780% 0.021145042% District's proportionate share of the net pension liability $ 2,270,390 $ 2,509,309 $ 2,155,823 $ 1,977,113 District's covered-employee payroll $ 6,933,311 $ 6,745.995 $ 6,326,722 $ 6,293,887 District's proportionate share of the net pension liability as a percentage of its covered-employee payroll 32.75% 37.20% 34.07% 31.41% Plan fiduciary net position as a percentage of the total pension liability 1.64% 0.97% 0.50% 0.99% Notes: (1)The amounts presented for each fiscal year were determined as of September 30. SCHEDULE OF DISTRICT CONTRIBUTIONS - HEALTH INSURANCE SUBSIDY (HIS)PENSION PLAN (1) 2017 2016 2015 2014 Contractually required contribution $ 84,244 $ 87,198 $ 78,787 $ 65,973 Contributions in relation to the contractually required contribution 84,244 87,198 _ 78,787 65,973 Contribution deficiency(excess) $ - $ - $ - $ - District's covered-employee payroll $ 6,933,311 $ 6.745,995 $ 6.326,722 $ 6,293,887 Contributions as a percentage of covered-employee payroll 1.22% 1.29% 1.25% 1.05% Notes: (I)The amounts presented for each fiscal year were determined as of September 30. GASB 68 requires information for 10 years. However,until a full 10-year trend is compiled, governments should present information for only those years for which information is available. 1611A6 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 95 of 107 NOTES TO THE REQUIRED SUPPLEMENTARY INFORMATION September 30,2017 Changes of Assumptions Actuarial assumptions for both cost-sharing defined benefit plans are reviewed annually by the Florida Retirement System Actuarial Assumptions Conference. The FRS Pension Plan has a valuation performed annually. The HIS Program has a valuation performed biennially that is updated for GASB reporting in the year a valuation is not performed. The most recent experience study for the FRS Pension Plan was completed in 2014 for the period July 1, 2008 through June 30, 2013. Because the HIS Program is funded on a pay-as-you-go basis, no experience study has been completed for that program. The actuarial assumptions that determined the total pension liability for the HIS Program were based on certain results of the most recent experience study for the FRS Pension Plan. The total pension liability for each cost-sharing defined benefit plan was determined using the individual entry age actuarial cost method. Inflation increases for both plans is assumed at 2.60%. Payroll growth, including inflation, for both plans is assumed at 3.25%. Both the discount rate and the long-term expected rate of return used for FRS Pension Plan investments was reduced from 7.60% to 7.10%. The plan's fiduciary net position was projected to be available to make all projected future benefit payments of current active and inactive employees. Therefore, the discount rate for calculating the total pension liability is equal to the long-term expected rate of return. Because the HIS Program uses a pay-as-you-go funding structure, a municipal bond rate was increased from 2.85% to 3.58% and was used to determine the total pension liability for the program (Bond Buyer General Obligation 20-Bond Municipal Bond Index). Mortality assumptions for both plans were based on the Generational RP-2000 with Projection Scale BB tables. Florida Retirement System Pension Plan There were no changes in actuarial assumptions. As of June 30, 2017, the inflation rate assumption remained at 2.6 percent, the real payroll growth assumption was 0.65 percent, and the overall payroll growth rate assumption remained at 3.25 percent. The long-term expected rate of return was reduced from 7.60 percent to 7.10 percent. Health Insurance Subsidy Pension Plan The municipal rate used to determine total pension liability increased from 2.85 percent to 3.58 percent. 1 6 1 1 A 6 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 96 of 107 NOTES TO THE REQUIRED SUPPLEMENTARY INFORMATION September 30,2017 Pension Expense and Deferred Outflows/Inflows of Resources In accordance with GASB 68,paragraphs 54 and 71, changes in the net pension liability are recognized in pension expense in the current measurement period, except as indicated below. For each of the following, a portion is recognized in pension expense in the current reporting period, and the balance is amortized as deferred outflows or deferred inflows of resources using a systematic and rational method over a closed period, as defined below: • Differences between expected and actual experience with regard to economic and demographic factors- amortized over the average expected remaining service life of all employees that are provided with pensions through the pension plan (active and inactive employees) • Changes of assumptions or other inputs- amortized over the average expected remaining service life of all employees that are provided with pensions through the pension plan (active and inactive employees) • Changes in proportion and differences between contributions and proportionate share of contributions- amortized over the average expected remaining service life of all employees that are provided with pensions through the pension plan (active and inactive employees) • Differences between expected and actual earnings on pension plan investments - amortized over five years Employer contributions to the pension plans from employers are not included in collective pension expense. However, employee contributions are used to reduce pension expense. The average expected remaining service life of all employees provided with pensions through the pension plans at June 30, 2017, was 6.4 for FRS and 7.2 years for HIS at June 30, 2016 and 2017. 1611A6 ADDITIONAL REPORTS 1611A6 TMJ S C NAffiliations Florida Institute of Certified Public Accountants & Company, PA American Institute of Certified Public Accountants Private Companies Practice Section Certified Public Accountants&Consultants Tax Division Page 97 of 107 INDEPENDENT AUDITOR'S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND ON COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF BASIC FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS Board of Commissioners North Collier Fire Control and Rescue District 1885 Veterans Park Drive Naples, Florida 34109-0492 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 Government Auditing Standards, issued by the Comptroller General of the United States of America, the basic financial statements of the governmental activities and each major and non-major fund of North Collier Fire Control and Rescue District(the "District") as of and for the year ended September 30, 2017, and the related notes to the financial statements which collectively comprise the District's basic financial statements as listed in the table of contents and have issued our report thereon dated February 23, 2018. Internal Control Over Financial Reporting In planning and performing our audit of the financial statements, we considered the District'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 opinion on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of the District's internal control. Accordingly, we do not express an opinion on the effectiveness of the District'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 basic financial statements will not be prevented or detected and corrected on a timely basis. A significant deficiency is a deficiency, or a combination of INTEGRITY SERVICE EXPERIENCE 12621 World Plaza Lane, Building 55 • Fort Myers, FL 33907 • Phone: (239)333-2090 • Fax: (239)333-2097 1611A6 Page 98 of 107 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 was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control that might be material weaknesses or significant deficiencies. Given these limitations, during our audit we did not identify any deficiencies in internal control that we consider to be material weaknesses, as defined previously. However, material weaknesses may exist that have not been identified. Compliance and Other Matters As part of obtaining reasonable assurance about whether North Collier Fire Control and Rescue District'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 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 District'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 District's internal control and compliance. Accordingly,this communication is not suitable for any other purpose. 40/444) 1 441ON. / TUSCAN& COMPANY,'. . Fort Myers, Florida February 23,2018 161 1 A 6 TUSCANAffiliations Florida Institute of Certified Public Accountants & Company, PA American Institute of Certified Public Accountants Private Companies Practice Section Certified Public Accountants&Consultants Page 99 of 1011,Division Independent Auditor's Report on Compliance for Each Major Program/Project and on Internal Control Over Compliance Required by the Uniform Guidance Board of Commissioners North Collier Fire Control and Rescue District 1885 Veterans Park Drive Naples,Florida 34109-0492 Report on Compliance for Each Major Federal Program We have audited North Collier Fire Control and Rescue District's compliance with the types of compliance requirements described in the OMB Compliance Supplement Supplement, as applicable,that could have a direct and material effect on each of North Collier Fire Control and Rescue District's major federal programs for the year ended September 30, 2017. North Collier Fire Control and Rescue District's major federal programs are identified in the summary of auditor's results section of the accompanying schedule of findings and questioned costs. Management's Responsibility Management is responsible for compliance with the requirements of laws,regulations, contracts, and grants applicable to its major federal programs. Auditor's Responsibility Our responsibility is to express an opinion on compliance for each of North Collier Fire Control and Rescue District's major federal programs based on our audit of the types of compliance requirements referred to above. We conducted our audit of compliance in accordance with auditing standards generally accepted in the United States of America; the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States of America; and audit requirements of Title 2 U.S. Code of Federal Regulations Part 200, "Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards" ("Uniform Guidance"). Those standards and the Uniform Guidance require that we plan and perform the audit to obtain reasonable assurance about whether noncompliance with the types of compliance requirements referred to above that could have a direct and material effect on a major federal program occurred. An audit includes examining, on a test basis, evidence about North Collier Fire Control and Rescue District's compliance with those requirements and performing such other procedures as we considered necessary in the circumstances. INTEGRITY SERVICE EXPERIENCE 12621 World Plaza Lane, Building 55 • Fort Myers, FL 33907 • Phone: (239) 333-2090 • Fax: (239) 333-2097 1 6 1 1 A 6 Page 100 of 107 We believe that our audit provides a reasonable basis for our opinion on compliance for each major federal program. However, our audit does not provide a legal determination of North Collier Fire Control and Rescue District's compliance with those requirements. Opinion on Each Major Federal Program In our opinion, North Collier Fire Control and Rescue District complied, in all material respects, with the types of compliance requirements referred to above that could have a direct and material effect on each of its major federal programs for the year ended September 30, 2017. Report on Internal Control Over Compliance Management of North Collier Fire Control and Rescue District is responsible for establishing and maintaining effective internal control over compliance with the types of compliance requirements referred to above. In planning and performing our audit of compliance, we considered North Collier Fire Control and Rescue District's internal control over compliance with the types of requirements that could have a direct and material effect on each major federal program to determine the auditing procedures that are appropriate in the circumstances for the purpose of expressing an opinion on compliance for each major federal program and to test and report on internal control over compliance in accordance with the Uniform Guidance,but not for the purpose of expressing an opinion on the effectiveness of internal control over compliance. Accordingly, we do not express an opinion on the effectiveness of North Collier Fire Control and Rescue District's internal control over compliance. A deficiency in internal control over compliance exists when the design or operation of a control over compliance does not allow management or employees,in the normal course of performing their assigned functions, to prevent, or detect and correct noncompliance with a type of compliance requirement of a federal program on a timely basis. A material weakness in internal control over compliance is a deficiency, or combination of deficiencies, in internal control over compliance, such that there is a reasonable possibility that material noncompliance with a type of compliance requirement of a federal program will not be prevented, or detected and corrected, on a timely basis. A significant deficiency in internal control over compliance is a deficiency, or a combination of deficiencies, in internal control over compliance with a type of compliance requirement of a federal program that is less severe than a material weakness in internal control over compliance, yet important enough to merit attention by those charged with governance. 1611A6 Page 101 of 107 Our consideration of internal control over compliance 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 compliance that might be deficiencies,material weaknesses or significant deficiencies. We did not identify any deficiencies in internal control over compliance that we consider to be material weaknesses. However, material weaknesses may exist that have not been identified. Purpose of the Report The purpose of this report on internal control over compliance is solely to describe the scope of our testing of internal control over compliance and the results of that testing based on the requirements of the Uniform Guidance. Accordingly, this report is not suitable for any other purpose. 41404) i (1:12t1/ ti TUSCAN& COMPANY, P.A. Fort Myers,Florida February 23,2018 1611A6 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 102 of 107 SCHEDULE OF FINDINGS AND QUESTIONED COSTS -FEDERAL AWARDS Year ended September 30,2017 Section I—Summary of Auditor's Results Financial Statements Type of auditor's report issued Unmodified Internal control over financial reporting: Control deficiency(ies) identified? Yes X No Significant deficiency(ies) identified? Yes X No Material weakness(es) identified? Yes X None reported Noncompliance material to financial statements noted? Yes X No Federal Awards Internal control over major programs: Control deficiency(ies)identified? Yes X No Significant deficiency(ies) identified? Yes X No Material weakness(es) identified? Yes X None reported Type of auditors report issued on compliance for major programs Unmodified Any audit findings disclosed that are required to be reported in accordance with 2 CFR, Section 200.516(a)? Yes X No Identification of major programs (Type A): CFDA Number(s) Name of Federal Program or Cluster U.S. Department of Homeland Security 97.083 Staffing of Adequate Fire and Emergency Response SAFER - Hiring Grant 97.083 Staffing of Adequate Fire and Emergency Response SAFER - Recruitment and Retention Grant Dollar threshold used to distinguish between Type A and Type B programs Threshold used was$750,000. Auditee qualified as low-risk auditee? Yes X No 1611A6 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 103 of 107 SCHEDULE OF FINDINGS AND QUESTIONED COSTS -FEDERAL AWARDS Year ended September 30, 2017 Listing of Subrecipients and matching amounts passed-through: None- not applicable Section II-Financial Statement Findings There were no deficiencies, material weaknesses, or instances of noncompliance related to the financial statements. Section III-Federal Award Findings and Questioned Costs There were no audit findings related to Federal Awards required to be reported by 2 CFR, Section 200.516(a). Section IV- Status of Federal Prior Year Findings There were no prior year findings. 16l A6 TUSCANAffiliationsFlorida Institute of Certified Public Accountants & Company, PA American Institute of Certified Public Accountants Private Companies Practice Section Certified Public Accountants 8t Consultants Tax Division Page 104 of 107 INDEPENDENT ACCOUNTANT'S REPORT ON COMPLIANCE WITH SECTION 218.415, FLORIDA STATUTES Board of Commissioners North Collier Fire Control and Rescue District 1885 Veterans Park Drive Naples,Florida 34109-0492 We have examined North Collier Fire Control and Rescue District's compliance with Section 218.415,Florida Statutes,regarding the investment of public funds during the year ended September 30,2017. Management is responsible for North Collier Fire Control and Rescue District's compliance with those requirements. Our responsibility is to express an opinion on North Collier Fire Control and Rescue District's compliance based on our examination. Our examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a test basis, evidence about North Collier Fire Control and Rescue District's compliance with those requirements and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis for our opinion. Our examination does not provide a legal determination on North Collier Fire Control and Rescue District's compliance with specified requirements. In our opinion,North Collier Fire Control and Rescue District complied,in all material respects, with the aforementioned requirements for the year ended September 30, 2017. This report is intended solely for the information and use of the North Collier Fire Control and Rescue District and the Auditor General, State of Florida,and is not intended to be and should not be used by anyone other than these specified parties. tta-4A-aPrd 14, TUSCAN&COMPANY,P.A. Fort Myers,Florida February 23,2018 INTEGRITY SERVICE EXPERIENCE 12621 World Plaza Lane, Building 55 • Fort Myers, FL 33907 •Phone: (239) 333-2090• Fax: (239)333-2097 1611 A6 TMJ S C 1 NAffiliations Florida Institute of Certified Public Accountants & Company, PA American Institute of Certified Public Accountants Private Companies Practice Section Certified Public Accountants&Consultants Tax Division Page 105 of 107 INDEPENDENT AUDITOR'S REPORT TO MANAGEMENT Board of Commissioners North Collier Fire Control and Rescue District 1885 Veterans Park Drive Naples, Florida 34109-0492 We have audited the accompanying basic financial statements of North Collier Fire Control and Rescue District(the "District") as of and for the year ended September 30, 2017 and have issued our report thereon dated February 23, 2018. We conducted our audit in accordance with auditing standards generally accepted in the United States of America; the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States of America and Chapter 10.550,Rules of the Florida Auditor General. We have issued our Independent Auditor's Report on Internal Control over Financial Reporting and Compliance and Other Matters based on an audit of the financial statements performed in accordance with Government Auditing Standards and Chapter 10.550, Rules of the Florida Auditor General. Disclosures in those reports,which were dated February 23, 2018, should be considered in conjunction with this report to management. Additionally, our audit was conducted in accordance with Chapter 10.550, Rules of the Auditor General, which governs the conduct of local governmental entity audits performed in the State of Florida. This letter included the following information, which is not included in the aforementioned auditor's report: • Section 10.554(1)(i)1., Rules of the Auditor General, requires that we determine whether or not corrective actions have been taken to address findings and recommendations made in the preceding annual financial audit report. The prior year report contained no financially significant comments. • Section 10.554(1)(i)2., Rules of the Auditor General, requires that we address in the management letter any recommendations to improve financial management. No such recommendations were noted to improve financial management. INTEGRITY SERVICE EXPERIENCE 12621 World Plaza Lane, Building 55 • Fort Myers, FL 33907 • Phone: (239) 333-2090 • Fax: (239)333-2097 1611A6 Page 106 of 107 • Section 10.554(1)(i)3., Rules of the Auditor General, requires that we address violations or noncompliance with provisions of contracts or grant agreements, or abuse, that have an effect on the financial statements that is less than material but more than inconsequential. In connection with our audit, we did not have any such findings. • Section 10.554(1)(i)4., Rule of the Auditor General, requires that the name or official title and legal authority for the primary government and each component unit of the reporting entity be disclosed in the management letter, unless disclosed in the notes to the financial statements. The District discloses this information in the notes to the financial statements. • Section 10.554(1)(i)5.a., Rules of the Auditor General, requires a statement be included as to whether or not the local government entity has met one or more of the conditions described in Section 218.503(1), Florida Statutes, and identification of the specific condition(s) met. In connection with our audit, we determined that the District did not meet any of the conditions described in Section 218.503(1), Florida Statutes. • Section 10.554(1)(i)5.b., Rules of the Auditor General, requires that we determine whether the annual financial report for the District for the year ended September 30, 2017, filed with the Florida Department of Financial Services pursuant to Section 218.32(1)(a) Florida Statutes, is in agreement with the annual financial audit report for the year ended September 30, 2017. In connection with our audit, we determined that these two reports were in agreement. Pursuant to Sections 10.554(1)(i)5.c. and 10.556(7), Rules of the Auditor General, we applied financial condition assessment procedures. It is management's responsibility to monitor the District's financial condition, and our financial condition assessment was based in part on representations made by management and the review of financial information provided by management. • Pursuant to Section 10.554(l)(i)5.d., Rules of the Auditor General, requires a statement indicating a failure, if any, of a component unit Special District to provide financial information necessary to a proper reporting of the component unit within the audited financial statements of this entity(F.S. Section 218.39(3)(b)). There are no known component special districts required to report within these financial statements. 161 1 A6 Page 107 of 107 • Section 10.556(10)(a), Rules of the Auditor General,requires that the scope of our audit to determine the entity's compliance with the provisions of Section 218.415, Florida Statutes, regarding the investment of public funds. In connection with our audit, we determined that the District complied with Section 218.415,Florida Statutes as reported in our Independent Accountant's Report on Compliance with Section 218.415,Florida Statutes dated February 23,2018, included herein. PRIOR YEAR COMMENTS: There were no financially significant prior year comments. CURRENT PERIOD COMMENT: There were no financially significant comments noted. Pursuant to Chapter 119,Florida Statutes,this management letter is a public record and its distribution is not limited. Auditing standards generally accepted in the United States of America require us to indicate that this letter is intended solely for the information and use of the Board of Commissioners, management,the Auditor General of the State of Florida and other federal and state agencies. This report is not intended to be and should not be used by anyone other than these specified parties. 40,0 epoome.e. " TUSCAN&COMPANY,P.A. Fort Myers, Florida February 23, 2018 1 6 1 1 A 6 EXHIBIT fel 1 A 6 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT BOARD OF FIRE COMMISSIONERS M.James Burke•Christopher L. Crossan• Norman E. Feder•J.Christopher Lombardo •John O. McGowan May 10, 2018 Auditor General's Office Local Government Audits/342 Claude Pepper Building, Room 401 111 West Madison Street Tallahassee, FL 32399-1450 We are pleased to note that the audit report for the fiscal year 2016/2017 for the North Collier Fire Control and Rescue District reflected no current or prior year comments which require management's response. The Board of Fire Commissioners and management staff of the North Collier Fire Control & Rescue District maintain their commitment to create and maintain internal controls, and policy and procedures to insure accurate reporting, accountability and provide for the financial stability of the District. Sincerely, NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT 1885 Veterans Park Drive Naples, FL 34109•(239)597-3222• Fax(239)597-7082• www.northcollierfire.com QUARRY COMMUNITY DEVELOPMENT DISTRICT 16 I l A7 c/o Special District Services, Inc. 2501 Burns Road, Suite A Palm Beach Gardens, Florida 33410 (561) 630-4922 Fax: (561) 630-4923 April 19, 2018 VIA CERTIFIED MAIL— RETURN RECEIPT REQUESTED Clerk of the Circuit Court Dwight E. Brock Collier County Courthouse 3315 E. Tamiami Trail, Suite 102 Naples, Florida 34112 Re: Quarry Community Development District To Whom It May Concern: Pursuant to Florida law, enclosed please find a copy of the following document relative to the above referenced Community Development District: 1.) Proposed 2018/2019 Fiscal Year Budget (Oct. 1, 2018—Sept. 30, 2019) If you have any questions or comments, please contact our office. Sincerely, SPECIAL DISTRICT SERVICES, INC. i11 �j Laura J. Arc h er Enclosure la1ia , Quarry Community Development District Proposed Budget For Fiscal Year 2018/2019 October 1, 2018 - September go, 2019 CONTENTS 1611A7 I PROPOSED BUDGET II DETAILED PROPOSED BUDGET III DETAILED PROPOSED DEBT SERVICE FUND BUDGET IV DETAILED PROPOSED 2018 LOAN DEBT SERVICE FUND BUDGET Draft Budgeted Projected Loan Amount: $3,500,000 Note: This is an estimated maximum loan amount and is subject to approval by the Board of Supervisors. If Debt Assessments to secure the Loan are not approved, all incurred costs, which will not exceed $650,000, will be assessed as an Operations and Maintenance (O&M) Assessment, to be assessed to all landowners. V ASSESSMENT COMPARISON PROPOSED BUDGET 1611A1 J 'A , QUARRY COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2018/2019 OCTOBER 1,2018-SEPTEMBER 30,2019 FISCAL YEAR 2018/2019 REVENUES BUDGET 0&M ASSESSMENTS 149,801 BOND DEBT ASSESSMENTS 1,240,304 LOAN DEBT ASSESSMENTS 325,532 INTEREST INCOME 0 TOTAL REVENUES $ 1,715,637 EXPENDITURES SUPERVISOR FEES 0 PAYROLL TAXES(EMPLOYER) 0 ENGINEERING/MAINTENANCE 25,000 MANAGEMENT 38,640 LEGAL 14,000 ASSESSMENT ROLL 5,000 AUDIT FEES 4,300 ARBITRAGE REBATE FEE 600 INSURANCE 7,512 LEGAL ADVERTISING 1,400 BANK SERVICE CHARGES 500 MISCELLANEOUS 1,500 POSTAGE 650 OFFICE SUPPLIES 700 DUES&SUBSCRIPTIONS 175 TRUSTEE FEES 9,000 WEBSITE MANAGEMENT 1,500 RESERVES 28,089 TOTAL EXPENDITURES $ 138,566 REVENUES LESS EXPENDITURES $ 1,577,071 BOND PAYMENTS (1,147,281) LOAN PAYMENTS (301,117) BALANCE $ 128,673 COUNTY APPRAISER&TAX COLLECTOR FEE (60,476) DISCOUNTS FOR EARLY PAYMENTS (68,197) EXCESS/(SHORTFALL) $ - CARRYOVER FROM PRIOR YEAR 0 NET EXCESS/(SHORTFALL) $ - 4/19/2018 12:09 PM 7 DETAILED PROPOSED BUDGET 6 ' a QUARRY COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2018/2019 OCTOBER 1,2018-SEPTEMBER 30,2019 FISCAL YEAR FISCAL YEAR FISCAL YEAR 2016/2017 2017/2018 2018/2019 REVENUES ACTUAL BUDGET BUDGET COMMENTS 0&M ASSESSMENTS 105,344 104,805 149,801 Expenditures/.925 BOND DEBT ASSESSMENTS 1,245,237 1,242,572 1,240,304 Payment To Trustee/.925 LOAN DEBT ASSESSMENTS 0 0 325,532 Payment To Trustee/.925 INTEREST INCOME 0 0 0 No Change From 2017/2018 Budget TOTAL REVENUES $ 1,350,581 $ 1,347,377 $ 1,715,637 EXPENDITURES SUPERVISOR FEES 0 0 0 PAYROLL TAXES(EMPLOYER) 0 0 0 ENGINEERING/MAINTENANCE 25,731 18,500 25,000$6,500 Increase From 2017/2018 Budget MANAGEMENT 37,080 37,848 38,640 CPI Adjustment LEGAL 7,932 7,000 14,000 Fiscal Year 17/18 Expenditures Through January 2018=$6,370 ASSESSMENT ROLL 5,000 5,000 5,000 As Per Contract AUDIT FEES 3,900 4,100 4,300 Accepted Amount For 2017/2018 Audit ARBITRAGE REBATE FEE 600 600 600 No Change From 2017/2018 Budget INSURANCE 6,829 7,512 7,512 Insurance Company Estimate LEGAL ADVERTISING 1,175 1,400 1,400 No Change From 2017/2018 Budget BANK SERVICE CHARGES 298 500 500 Bank Fees Charged By Hancock Bank MISCELLANEOUS 1,292 1,160 1,500$340 Increase From 2017/2018 Budget POSTAGE 388 650 650 No Change From 2017/2018 Budget OFFICE SUPPLIES 539 700 700 No Change From 2017/2018 Budget DUES&SUBSCRIPTIONS 175 175 175 No Change From 2017/2018 Budget TRUSTEE FEES 5,026 5,300 9,000 Trustee Fees For Bond&Loan WEBSITE MANAGEMENT 1,500 1,500 1,500 No Change From 2017/2018 Budget RESERVES 0 5,000 28,089 Contribution to Reserves TOTAL EXPENDITURES $ 97,465 $ 96,945 $ 138,566 REVENUES LESS EXPENDITURES $ 1,253,116 $ 1,250,432 $ 1,577,071 BOND PAYMENTS (1,314,396) (1,149,380) (1,147,281)2019 P&I Payments LOAN PAYMENTS 0 0 (301,117)2019 P&I Payments BALANCE $ (61,280) $ 101,052 $ 128,673 COUNTY APPRAISER&TAX COLLECTOR FEE (39,441) (47,495) (60,476)3.5 Percent Of Total On Roll Assessment Roll DISCOUNTS FOR EARLY PAYMENTS (52,759) (53,557) (68,197)4 Percent Of Total On Roll Assessment Roll EXCESS/(SHORTFALL) $ (153,480) $ - $ - CARRYOVER FROM PRIOR YEAR 0 0 0 Carryover From Prior Year NET EXCESS/(SHORTFALL) $ (153,480) $ - $ - 4/19/2018 12:09 PM II 1611A7 DETAILED PROPOSED BOND DEBT SERVICE FUND BUDGET QUARRY COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2018/2019 OCTOBER 1, 2018 - SEPTEMBER 30, 2019 FISCAL YEAR FISCAL YEAR FISCAL YEAR 2016/2017 2017/2018 2018/2019 REVENUES ACTUAL BUDGET BUDGET COMMENTS Interest Income 1,598 0, 100 Projected Interest For 2018/2019 NAV Assessment Collection 1,166,911 1,149,380 1,147,281 Maximum Debt Service Collection Prepaid Bond Collection 32,650 0 0 Prepaid Bond Collection Total Revenues $ 1,201,159 $ 1,149,380 $ 1,147,381 EXPENDITURES Principal Payments 525,000 545,000 565,000 Principal Payment Due In 2019 Interest Payments 634,766 600,460 575,438 Interest Payments Due In 2019 A-1 Bond Redemption 100,000 3,920 6,943 Estimated Excess Debt Collections Total Expenditures $ 1,259,766 $ 1,149,380 $ 1,147,381 Excess/(Shortfall) $ (58,607) $ - $ - Series 2015 Bond Refunding Information Original Par Amount= $16,280,000 Annual Principal Payments Due= May 1st Interest Rate= 3.98% Annual Interest Payments Due= May 1st& November 1st Issue Date= October 2015 Maturity Date= May 2036 Par Amount As Of 1/1/18 = $15,090,000 4/19/2018 12:09 PM I I I DETAILED PROPOSED 2018 LOAN DEBT SERVICE FUND BUDGET 16 I 1 A7 QUARRY COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2018/2019 OCTOBER 1, 2018-SEPTEMBER 30, 2019 FISCAL YEAR FISCAL YEAR FISCAL YEAR 2016/2017 2017/2018 2018/2019 REVENUES ACTUAL BUDGET BUDGET COMMENTS Interest Income 0 0 0 Projected Interest For 2018/2019 NAV Assessment Collection 0 0 301,117 Maximum Debt Service Collection Total Revenues $ - $ - $ 301,117 EXPENDITURES Principal Payments 0 0 128,112 Principal Payment Due In 2019 Interest Payments 0 0 173,005 Interest Payments Due In 2019 2018 Loan Redemption 0 0 0 Estimated Excess Debt Collections Total Expenditures $ - $ - $ 301,117 Excess/(Shortfall) $ - $ - $ - Draft Budgeted Projected Loan Amount: $3,500,000 Note: This is an estimated maximum loan amount and is subject to approval by the Board of Supervisors. If Debt Assessments to secure the Loan are not approved, all incurred costs, which will not exceed $650,000, will be assessed as an Operations and Maintenance (O&M) Assessment, to be assessed to all landowners. Series 2018 Loan Information Estimated Original Par Amount= $3,500,000 Annual Principal Payments Due= November 1st Interest Rate= 3.05% Annual Interest Payments Due= May 1st&November 1st Issue Date= April 2018 Maturity Date= November 2033 4/19/2018 12:20 PM I\/ 4 QUARRY COMMUNITY DEVELOPMENT DISTRICT ASSESSMENT COMPARISON 1611A7 Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal year 2017/2018 2017/2018 2017/2018 2017/2018 2017/2018 2017/2018 2017/2018 2018/2019 2018/2019 2018/2019 2018/2019 2018/2019 2018/2019 2018/2019 Lot Type 4 o Units 2017/2018 Total 2018/2019 Total O&M Bond Debt Loan Debt Total Total Total Bond Total Loan O&M Bond Debt Loan Debt Total Total Total Bond Total Loan Assessment Assessment Assessment Assessment 0&M Debt Debt Assessments Assessment Assessment Assessment Assessment 0&M Debt Debt Assessments Coach Homes 26 116.45 $1,502.21 $0.00 $1,618.66 $3,027.70 539,057.46 $0.00 $42,085.16 166.45 $1,502.21 $207.20 $1,875.86 $4,327.70 $39,057.46 $5,387.20 $48,772.36 19 116.45 $1,550.66 $0.00 $1,667.11 $2,212.55 $29,462.54 $0.00 $31,675.09 166.45 $1,550.66 $207.20 $1,924.31 $3,162.55 $29,462.54 $3,936.80 $36,561.89 3 116.45 $1,792.95 $0.00 $1,909.40 $349.35 $5,378.85 $0.00 $5,728.20 166.45 $1,792.95 $207.20 $2,166.60 $499.35 $5,378.85 $621.60 $6,499.80 37 116.45 $2,035.24 $0.00 $2,151.69 $4,308.65 $75,303.88 $0.00 $79,612.53 166.45 $2,035.24 $207.20 $2,408.89 $6,158.65 $75,303.88 $7,666.40 $89,128.93 1 116.45 $2,083.70 $0.00 $2,200.15 $116.45 $2,083.70 $0.00 $2,200.15 166.45 $2,083.70 $207.20 $2,457.35 $166.45 $2,083.70 $207.20 $2,457.35 30 116.45 $2,277.53 $0.00 $2,393.98 $3,493.50 568,325.90 $0.00 $71,819.40 166.45 $2,277.53 $207.20 $2,651.18 $4,993.50 $68,325.90 $6,216.00 $79,535.40 96 116.45 $620.26 $0.00 $736.71 $11,179.20 $59,544.96 $0.00 $70,724.16 166.45 $620.26 $207.20 $993.91 $15,979.20 $59,544.96 $19,891.20 $95,415.36 Lux Coach Homes 26 116.45 $1,696.03 $0.00 $1,812.48 $3,027.70 $44,096.78 $0.00 $47,124.48 166.45 $1,696.03 $245.00 $2,107.48 $4,327.70 $44,096.78 $6,370.00 $54,794.48 20 116.45 $1,841.41 $0.00 $1,957.86 $2,329.00 $36,828.20 $0.00 $39,157.20 166.45 $1,841.41 $245.00 $2,252.86 $3,329.00 $36,828.20 $4,900.00 $45,057.20 18 116.45 $2,325.99 $0.00 $2,442.44 $2,096.10 $41,867.82 $0.00 $43,963.92 16645 $2,325.99 $245.00 $2,737.44 $2,996.10 $41,867.82 $4,410.00 $49,273.92 Single Family Homes(55) 43 116.45 $1,502.21 $0.00 $1,618.66 $5,007.35 $64,595.03 $0.00 $69,602.38 166.45 $1,502.21 $274.40 $1,943.06 $7,157.35 $64,595.03 $11,799.20 $83,551.58 13 116.45 $1,550.66 $0.00 $1,667.11 $1,513.85 $20,158.58 $0.00 $21,672.43 166.45 $1,550.66 $274.40 $1,991.51 $2,163.85 $20,158.58 $3,567.20 $25,889.63 3 116.45 $1,792.95 $0.00 $1,909.40 $349.35 $5,378.85 $0.00 $5,728.20 166.45 $1,792.95 $274.40 $2,233.80 $499.35 $5,378.85 $823.20 $6,701.40 4 116.45 $2,035.24 $0.00 $2,151.69 $465.80 $8,140.96 $0.00 $8,606.76 166.45 $2,035.24 $274.40 $2,476.09 $665.80 $8,140.96 $1,097.60 $9,904.36 74 116.45 $765.64 $0.00 $882.09 $8,617.30 $56,657.36 $0.00 565,274.66 166.45 $765.64 $274.40 $1,206.49 $12,317.30 $56,657.36 $20,305.60 589,280.26 Single Family Homes('67) 9 116.45 $1,696.03 $0.00 $1,812.48 $1,048.05 $15,264.27 $0.00 $16,312.32 166.45 $1,696.03 $343.00 $2,205.48 $1,498.05 $15,264.27 $3,087.00 $19,849.32 10 116.45 $1,986.79 $0.00 $2,103.24 $1,164.50 $19,867.90 $0.00 $21,032.40 166.45 $1,986.79 $343.00 $2,496.24 $1,664.50 $19,867.90 $3,430.00 $24,962.40 1 116.45 $2,083.70 $0.00 $2,200.15 $116.45 $2,083.70 $0.00 $2,200.15 166.45 $2,083.70 $343.00 $2,593.15 $166.45 $2,083.70 $343.00 $2,593.15 20 116.45 $2,229.08 $0.00 $2,345.53 $2,329.00 $44,581.60 $0.00 $46,910.60 166.45 $2,229.08 $343.00 $2,738.53 $3,329.00 $44,581.60 $6,860.00 $54,770.60 2 116.45 $2,325.99 $0.00 $2,442.44 $232.90 $4,651.98 $0.00 $4,884.88 166.45 $2,325.99 $343.00 $2,835.44 $332.90 $4,651.98 $686.00 $5,670.88 12 116.45 $2,471.37 $0.00 $2,587.82 $1,397.40 $29,656.44 $0.00 $31,053.84 166.45 $2,471.37 $343.00 52,980.82 $1,997.40 $29,656.44 $4,116.00 $35,769.84 111 116.45 $843.17 $0.00 $959.62 $12,925.95 $93,591.87 $0.00 $106,517.82 166.45 $843.17 $343.00 $1,352.62 $18,475.95 $93,591.87 $38,073.00 $150,140.82 Single Family Homes 1'75) 22 116.45 $1,792.95 $0.00 $1,909.40 $2,561.90 $39,444.90 $0.00 $42,006.80 166.45 $1,792.95 $457.80 $2,417.20 53,661.90 $39,444.90 $10,071.60 $53,178.40 12 116.45 $2,083.70 $0.00 $2,200.15 $1,397.40 $25,004.40 $0.00 $26,401.80 166.45 $2,083.70 $457.80 $2,707.95 $1,997.40 $25,004.40 $5,493.60 $32,495.40 1 116.45 $2,180.61 $0.00 $2,297.06 $116.45 $2,180.61 $0.00 $2,297.06 166.45 $2,180.61 $457.80 $2,804.86 $166.45 $2,180.61 $457.80 $2,804.86 39 116.45 $2,325.99 $0.00 $2,442.44 $4,541.55 $90,713.61 $0.00 $95,255.16 166.45 $2,325.99 5457.80 $2,950.24 $6,491.55 $90,713.61 $17,854.20 $115,059.36 8 116.45 $2,229.08 $0.00 $2,345.53 $931.60 $17,832.64 $0.00 $18,764.24 166.45 $2,229.08 $457.80 $2,853.33 $1,331.60 $17,832.64 $3,662.40 $22,826.64 2 116.45 $2,422.91 $0.00 $2,539.36 $232.90 $4,845.82 $0.00 $5,078.72 166.45 $2,422.91 $457.80 $3,047.16 $332.90 $4,845.82 $915.60 $6,094.32 1 116.45 $3,876.65 $0.00 $3,993.10 $116.45 $3,876.65 $0.00 $3,993.10 166.45 $3,876.65 $457.80 $4,500.90 $166.45 $3,876.65 $457.80 $4,500.90 186 116.45 $998.23 $0.00 $1,114.68 $21,659.70 $185,670.78 $0.00 $207,330.48 166.45 $998.23 $457.80 $1,622.48 $30,959.70 $185,670.78 $85,150.80 $301,781.28 Single Family Homes('90) 10 116.45 $2,665.20 $0.00 $2,781.65 $1,164.50 $26,652.00 $0.00 $27,816.50 166.45 $2,665.20 $684.60 $3,516.25 $1,664.50 $26,652.00 $6,846.00 $35,162.50 8 116.45 $3,876.65 $0.00 $3,993.10 $931.60 $31,013.20 $0.00 $31,944.80 166.45 $3,876.65 $684.60 $4,727.70 $1,331.60 $31,013.20 $5,476.80 $37,821.60 1 116.45 $4,118.94 $0.00 $4,235.39 $116.45 $4,118.94 $0.00 $4,235.39 166.45 $4,118.94 $684.60 $4,969.99 $166.45 $4,118.94 $684.60 $4,969.99 32 116.45 $1,918.94 $0.00 $2,035.39 $3,726.40 $61,406.08 $0.00 $65,132.48 166.45 $1,918.94 $684.60 $2,769.99 $5,326.40 $61,406.08 $21,907.20 $88,639.68 (2018 Loan Only Club House $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $6,379.80 $6,379.80 $0.00 $0.00 $6,379.80 $6,379.80 Beach Club $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $6,379.80 $6,379.80 $0.00 $0.00 $6,379.80 $6,379.80 900 $104,805.00 $1,259,338.26 $0.00 $1,364,143.26 5149,805.00 $1,259,338.26 $325,532.20 $1,734,675.46 Less Eleven Bond Prepayers" 16 766.49 $$$$2,51904.3419034.34 $1,242,571.77 $1,347,376.77 $1,240,303.92 $1,715,641.12 o-Bond Prepavers Six 75'Single Familys Draft Budgeted Projected Loan Amount: $3,500,000 Three 90'Single Familys Note: This is an estimated maximum loan amount One 55'Single Familys and is subject to approval by the Board of Supervisors. One Coach Home If Debt Assessments to secure the Loan are not approved, Ten Bond Prepayers As Of 2016-2017-6 75'-3 90'-1 55' all incurred costs, which will not exceed$650,000, One New Bond Prepayer In 2017-2018-Coach Home will be assessed as an Operations and Maintenance (O&M)Assessment, to be assessed to all landowners. v 0 f *icer' 401. j ) • P I tito K) Et -M.. ��. aCI oo t b r r ru m IO lei(I ,-,) 4 O � Am _ o ZZO ..... ..—.' Q oz sminlimsmimmi mi Di S o0 _ -P. rt U -� dam i Z CI WI 1 ru ��'m�' C:...' ;'' ( c O O UNTO ` ' — o Si, ' F 9� N T.) s _ TLy1 I _.. 7J 0 4) t _ N {0!II! oOm Ir IIII . 0 00 0 VERONA WALK COMMUNITY DEVELOPMENT DISTRICT 16 I 1 AH c/o Special District Services, Inc. 2501 Burns Road, Suite A Palm Beach Gardens, Florida 33410 crit t,l y (561) 630-4922 `- rn 2: Q 7 Fax: (561) 630-4923 .r May 18, 2018 ^, r VIA CERTIFIED MAIL— RETURN RECEIPT REQUESTED Clerk of the Circuit Court Collier County Courthouse 3315 Tamiami Trail East, #102 Naples, Florida 34112-5324 Re: Verona Walk Community Development District To Whom It May Concern: Pursuant to Florida law, enclosed please find a copy of the following document relative to the above referenced Community Development District: 1.) Proposed Fiscal Year 2018/2019 Budget (Oct. 1, 2018—Sept. 30, 2019) If you have any questions or comments, please contact our office. Sincerely, SPECIAL DISTRICT SERVICES, INC. Laura J. Archer Enclosure 1611A8 Verona Walk Community Development District Proposed Budget For Fiscal Year 2018/2019 October 1, 2018 - September go, 2019 1611AR CONTENTS I PROPOSED BUDGET II DETAILED PROPOSED BUDGET III DETAILED PROPOSED DEBT SERVICE FUND BUDGET (SERIES 2013) IV DETAILED PROPOSED DEBT SERVICE FUND BUDGET (SERIES 2018) V ASSESSMENT COMPARISON PROPOSED BUDGET 1.I 1 `M44 VERONA WALK COMMUNITY DEVELOPMENT DISTRICT `M FISCAL YEAR 2018/2019 OCTOBER 1,2018-SEPTEMBER 30,2019 FISCAL YEAR REVENUES 2018/ 19 BUDD20GETT B O&M ASSESSMENTS 311,297 DEBT ASSESSMENTS-SERIES 2013 518,105 DEBT ASSESSMENTS-SERIES 2018 582,926 OTHER REVENUES 0 INTEREST INCOME 420 TOTAL REVENUES $ 1,412,748 EXPENDITURES MAINTENANCE EXPENDITURES FIELD INSPECTOR 38,000 VEHICLE-INSURANCE 1,000 VEHICLE-EQUIPMENT(SMALL TOOLS) 1,545 VEHICLE-GAS&MAINTENANCE 4,160 LAKE SPRAYING(CLARK) 65,000 LAKE WATER QUALITY TESTING(BENCHMARK) 6,000 LAKE LITTORAL&LAKE BANK PLANTINGS 20,000 OUTFALL PIPE&STRUCTURE INSPECTION&CLEANING 5,000 STORM PIPE&EROSION REPAIRS 50,000 DREDGING 3,640 TOTAL MAINTENANCE EXPENDITURES $ 194,345 ADMINISTRATIVE EXPENDITURES SUPERVISOR FEES 4,000 PAYROLL TAXES(EMPLOYER) 320 ENGINEERING 17,500 MANAGEMENT 44,424 SECRETARIAL 4,200 LEGAL 17,500 ASSESSMENT ROLL 10,000 AUDIT FEES 3,500 ARBITRAGE REBATE FEE-SERIES 2013 650 ARBITRAGE REBATE FEE-SERIES 2018 650 INSURANCE 6,518 LEGAL ADVERTISING 2,000 MISCELLANEOUS/CONTINGENCY 2,500 POSTAGE 800 OFFICE SUPPLIES 1,200 DUES&SUBSCRIPTIONS 175 WEBSITE MANAGEMENT 1,500 TRUSTEE FEES-SERIES 2013 4,730 TRUSTEE FEES-SERIES 2018 4,100 CONTINUING DISCLOSURE FEE-SERIES 2013 1,000 CONTINUING DISCLOSURE FEE-SERIES 2018 1,000 TOTAL ADMINISTRATIVE EXPENDITURES $ 128,267 TOTAL EXPENDITURES $ 322,612 REVENUES LESS EXPENDITURES $ 1,090,136 BOND PAYMENTS(SERIES 2013) (479,247) BOND PAYMENTS(SERIES 2018) (539,207) BALANCE $ 71,682 COUNTY APPRAISER&TAX COLLECTOR ADMINISTRATIVE COSTS (48,725) DISCOUNTS FOR EARLY PAYMENTS (57,199) EXCESS/(SHORTFALL) $ (34,242) CARRYOVER FROM PRIOR YEAR 34,242 NET EXCESS/(SHORTFALL) $ - Note:Projected Available Funds Balance As Of 9-30-18 is$350,000 5/102018 10:35 AM DETAILED PROPOSED BUDGET 161 1 A 8 VERONA WALK COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2018/2019 OCTOBER 1,2018-SEPTEMBER 30,2019 FISCAL YEAR FISCAL YEAR FISCAL YEAR 2016/2017 2017/2018 2018/2019 REVENUES ACTUAL BUDGET BUDGET COMMENTS O&M ASSESSMENTS 311,958 311,297 311,297 Expenditures Less Interest&Carryover/.925 DEBT ASSESSMENTS-SERIES 2013 520,265 520,265 518,105 Bond Payments/.925 DEBT ASSESSMENTS-SERIES 2018 688,808 688,808 582,926 Bond Payments/.925 OTHER REVENUES 505 0 0 INTEREST INCOME 543 420 420 Interest Projected At$35 Per Month TOTAL REVENUES $ 1,522,079 $ 1,520,790 $ 1,412,748 EXPENDITURES MAINTENANCE EXPENDITURES FIELD INSPECTOR 34,613 38,000 38,000 No Change From 2017/2018 Budget VEHICLE-INSURANCE 0 1,000 1,000 No Change From 2017/2018 Budget VEHICLE-EQUIPMENT(SMALL TOOLS) 0 1,545 1,545 No Change From 2017/2018 Budget VEHICLE-GAS&MAINTENANCE 451 4,160 4,160$80 Per Week LAKE SPRAYING(CLARK) 56,700 65,000 65,000 Lake Spraying(Clark) LAKE WATER QUALITY TESTING(BENCHMARK) 4,600 6,000 6,000 Lake Water Quality Testing(Benchmark) LAKE LITTORAL&LAKE BANK PLANTINGS 2,000 20,000 20,000 Lake Littoral&Lake Bank Plantings OUTFALL PIPE&STRUCTURE INSPECTION&CLEANING 0 5,000 5,000 Outfall Pipe&Structure Inspection&Cleaning STORM PIPE&EROSION REPAIRS 0 50,000 50,000 Storm Pipe&Erosion Repairs DREDGING 0 3,640 3,640 Maintenance Mowing&Dredging TOTAL MAINTENANCE EXPENDITURES $ 98,364 $ 194,345, $ 194,345 ADMINISTRATIVE EXPENDITURES SUPERVISOR FEES 1,200 4,000 4,000 Supervisor Fees PAYROLL TAXES(EMPLOYER) 92 320 320 8%Of Supervisor Fees ENGINEERING 10,102 20,000 17,500$2,500 Decrease From 2017/2018 Budget MANAGEMENT 42,624 43,512 44,424 CPI Adjustment SECRETARIAL 4,200 4,200 4,200 No Change From 2017/2018 Budget LEGAL 20,850 17,500 17,500 2016/2017 Expenditures Through Feb 2018 Were$6,353 ASSESSMENT ROLL 10,000 10,000 10,000 As Per Contract AUDIT FEES 3,400 3,400 3,500 Accepted Amount For 2017/2018 Audit ARBITRAGE REBATE FEE-SERIES 2013 650 650 650 No Change From 2017/2018 Budget ARBITRAGE REBATE FEE-SERIES 2018 650 650 650 No Change From 2017/2018 Budget INSURANCE 5,925 6,518 6,518 Insurance Company Estimate LEGAL ADVERTISING 2,171 2,000 2,000 No Change From 2017/2018 Budget MISCELLANEOUS/CONTINGENCY 1,537 2,500 2,500 No Change From 2017/2018 Budget POSTAGE 463 800 800 No Change From 2017/2018 Budget OFFICE SUPPLIES 1,144 1,200 1,200 No Change From 2017/2018 Budget DUES&SUBSCRIPTIONS 175 175 175 No Change From 2017/2018 Budget WEBSITE MANAGEMENT 1,500 1,500 1,500 No Change From 2017/2018 Budget TRUSTEE FEES-SERIES 2013 4,300 4,300 4,730 Trustee(US Bank)Increasing Fees In 2018/2019 TRUSTEE FEES-SERIES 2018 3,715 3,800 4,100 Trustee(US Bank)Increasing Fees In 2018/2019 CONTINUING DISCLOSURE FEE-SERIES 2013 1,000 1,000 1,000 No Change From 2017/2018 Budget CONTINUING DISCLOSURE FEE-SERIES 2018 1,000 1,000 1,000 No Change From 2017/2018 Budget TOTAL ADMINISTRATIVE EXPENDITURES $ 116,698 $ 129,025 $ 128,267 TOTAL EXPENDITURES $ 215,062 $ 323,370 $ 322,612 REVENUES LESS EXPENDITURES $ 1,307,017 $ 1,197,420 $ 1,090,136 BOND PAYMENTS(SERIES 2013) (486,245) (481,245) (479,247)2019 P&I Payments BOND PAYMENTS(SERIES 2018) (643,647) (637,147) (539,207)2019 P&I Payments BALANCE $ 177,125 $ 79,028 $ 71,682 COUNTY APPRAISER&TAX COLLECTOR ADMINISTRATIVE COSTS (42,478) (52,453) (48,725)Three And One Half Percent Of Total Assessment Roll DISCOUNTS FOR EARLY PAYMENTS (56,429) (61,575) (57,199)Four Percent Of Total Assessment Roll EXCESS/(SHORTFALL) $ 78,218 $ (35,000) $ (34,242) CARRYOVER FROM PRIOR YEAR 0 35,000 34,242 Carryover From Prior Year NET EXCESS/(SHORTFALL) $ 78,218 $ - $ - Note:Projected Available Funds Balance As Of 9-30-18 is$350,000 II 5/10/2018 10'.35 AM DETAILED PROPOSED DEBT SERVICE (SERIES 2013) FUND BUDGET i � ' i A R VERONA WALK COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2018/2019 OCTOBER 1,2018-SEPTEMBER 30,2019 FISCAL YEAR FISCAL YEAR FISCAL YEAR 2016/2017 2017/2018 2018/2019 REVENUES ACTUAL BUDGET BUDGET COMMENTS Interest Income 1,246 50 100 Projected Interest For 2018/2019 NAV Collection 486,245 481,245 479,247 Maximum Debt Service Collection Prepaid Bond Collection 0 0 0 Prepaid Bond Collection Total Revenues $ 487,491 $ 481,295 $ 479,347 EXPENDITURES Principal Payments(2013A-1) 215,000 220,000 220,000 Principal Payment Due In 2019 Principal Payments(2013A-2) 15,000 15,000 25,000 Principal Payment Due In 2019 Interest Payments(2013A-1) 228,706 222,866 214,156 Interest Payments Due In 2019 Interest Payments(2013A-2) 18,425 17,713 16,063 Interest Payments Due In 2019 Bond Redemption 15,000 5,716 4,128 Estimated Excess Debt Collections Total Expenditures $ 492,131 $ 481,295 $ 479,347 Excess/(Shortfall) $ (4,640) $ - $ - Series 2013A-1 Bond Refunding Information Original Par Amount= $6,455,000 Annual Principal Payments Due= May 1st Interest Rate= 1.1%-4.375% Annual Interest Payments Due= May 1st&November 1st Issue Date= June 2013 Maturity Date= May 2035 Par Amount As Of 4/1/18= $5,560,000 Series 2013A-2 Bond Refunding Information Original Par Amount= $650,000 Annual Principal Payments Due= May 1st Interest Rate= 4.5%-5.0% Annual Interest Payments Due= May 1st&November 1st Issue Date= June 2013 Maturity Date= May 2035 Par Amount As Of 4/1/18= $370,000 5/10/2018 10:35 AM I I I DETAILED PROPOSED DEBT SERVICE (SERIES 2018) FUND BUDGET 16 I 1 A 8 VERONA WALK COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2018/2019 OCTOBER 1, 2018 -SEPTEMBER 30,2019 FISCAL YEAR FISCAL YEAR FISCAL YEAR 2016/2017 2017/2018 2018/2019 REVENUES ACTUAL BUDGET BUDGET COMMENTS Interest Income 1,805 50 100 Projected Interest For 2018/2019 NAV Collection 643,647 637,147 539,207 Maximum Debt Service Collection Prepaid Bond Collection 0 0 0 Prepaid Bond Collection Total Revenues $ 645,452 $ 637,197 $ 539,307 EXPENDITURES Principal Payments 210,000 225,000 297,000 Principal Payment Due In 2019 Interest Payments 428,656 411,322 241,101 Interest Payments Due In 2019 Bond Redemption 0 875 1,206 Estimated Excess Debt Collections Total Expenditures $ 638,656 $ 637,197 $ 539,307 Excess/(Shortfall) $ 6,796 $ - $ - Series 2018 Bond Refunding Information Original Par Amount= $7,677,000 Annual Principal Payments Due= May 1st Interest Rate= 3.25%-5.375% Annual Interest Payments Due= May 1st&November 1st Issue Date= March 2018 Maturity Date= May 2037 Par Amount As Of 4/1/18= $7,677,000 I 5/10/2018 10:35 AM 1611A8 Verona Walk Community Development District Assessment Comparison Fiscal Year Fiscal Year Fiscal Year I Fiscal Year Fiscal Year Lot 2014/2015 2015/2016 2016/2017 2017/2018 2018/2019 Size Assessment* Assessment* Assessment* Assessment* Projected Assessment* Phase One Townhome 26' O&M $ 162.13 $ 162.13 $ 162.13 $ 162.13 $ 162.13 Cayman Debt $ 540.00 $ 540.00 $ 540.00 $ 540.00 $ 540.00 Total $ 702.13 $ 702.13 $ 702.13 $ 702.13 $ 702.13 Duplex 36' 0&M $ 162.13 $ 162.13 $ 162.13 $ 162.13 $ 162.13 Capri/Carrington Debt $ 540.00 $ 540.00 $ 540.00 $ 540.00 $ 540.00 Total $ 702.13 $ 702.13 $ 702.13 $ 702.13 $ 702.13 Single Family 50' 0&M $ 162.13 $ 162.13 $ 162.13 $ 162.13 $ 162.13 Oakmont Debt $ 635.00 $ 635.00 $ 635.00 $ 635.00 $ 635.00 Total $ 797.13 $ 797.13 $ 797.13 $ 797.13 $ 797.13 Single Family 60' 0&M $ 162.13 $ 162.13 $ 162.13 $ 162.13 $ 162.13 Carlyle Debt $ 730.00 $ 730.00 $ 730.00 $ 730.00 $ 730.00 Total $ 892.13 $ 892.13 $ 892.13 $ 892.13 $ 892.13 Phase Two Duplex 36'/SF 40' O&M $ 162.13 $ 162.13 $ 162.13 $ 162.13 $ 162.13 Capri/Carrington Debt $ 600.00 $ 600.00 $ 600.00 $ 600.00 $ 511.00 Total $ 762.13 $ 762.13 $ 762.13 $ 762.13 $ 673.13 Single Family 40' 0 5 M $ 162.13 $ 162.13 $ 162.13 $ 162.13 $ 162.13 Garden Debt $ 678.00 $ 678.00 $ 678.00 $ 678.00 $ 577.00 Total $ 840.13 $ 840.13 $ 840.13 $ 840.13 $ 739.13 Single Family 50' 0&M $ 162.13 $ 162.13 $ 162.13 $ 162.13 $ 162.13 Oakmont Debt $ 706.00 $ 706.00 $ 706.00 $ 706.00 $ 601.00 Total $ 868.13 $ 868.13 $ 868.13 $ 868.13 $ 763.13 Single Family 60' 0&M $ 162.13 $ 162.13 $ 162.13 $ 162.13 $ 162.13 Carlyle Debt $ 812.00 $ 812.00 $ 812.00 $ 812.00 $ 691.00 Total $ 974.13 $ 974.13 $ 974.13 $ 974.13 $ 853.13 Single Family 65' 0&M $ 162.13 $ 162.13 $ 162.13 $ 162.13 $ 162.13 Estate Debt $ 892.00 $ 892.00 $ 892.00 $ 892.00 $ 759.00 Total $ 1,054.13 $ 1,054.13 $ 1,054.13 $ 1,054.13 $ 921.13 *Assessments Include the Following: 4%Discount for Early Payments 2%County Property Appraiser Costs 1.5%County Tax Collector Costs Community Information: Phase I Maximum Annual Lot No.of Units Type Front Footage Name Debt Assessment Bond Prepayments Differential Prepayment* 246 Townhome 26' Cayman $ 540 6 68 350 Duplex 36' Capri/Carrington $ 540 11 0 242 Single Family 50' Oakmont $ 635 6 -35 97 Single Family 60' Carlyle $ 730 0 1 935 23 34 Phase II Maximum Annual Lot Disclosure No.of Units Type Front Footage Name Debt Assessment Bond Prepayments Differential Prepayment** 443 Duplex/SF 36'/40' Capri/Carrington $ 600 2 -4 58 Duplex 40' Garden $ 678 5 4 325 SF 50' Oakmont $ 706 6 0 161 SF 60'/65' Carlyle $ 812 0 0 32 SF 65' Estate $ 892 0 0 1019 13 0 *Developer made Bond Prepayment In August 2014 for 34 lot differential(68 Phase 1 Caymans replaced with 34 Oakmonts) *Developer made Bond Prepayment In November 2014 for 1 lot differential(1 Phase 1 Carlyle replaced with 1 Oakmont) **Developer built Carrington Homes on Garden Lots(Karina Street)-Debt Assessments for those lots is$678.00. **Developer made Bond Prepayment in November 2014 for 4 lot disclosure differential(4 40'disclosed at 36'/40'rate) Total Lots Assessed For O&M=1920 5/10/2018 10:35 AM V ' . i. v'fs r yn Lr t S I 6.1 ...t LJ. i.... p I:? z nn = = # Y -a0O t; b r r °5 3= r , t-' r O �.� m NI Ci] w -1=. O _ a°v H H p r em;! ' gT N r o b ' x�f t IT' menciinimi .y7 S i Cr 1 ,8 a' > w � �o om z 5- NCA r1.1 �� -l: 1 _ '.- 0.r.. r 1'05. t• ¢ y o o UNITFb I- o 1 ST n 9A T co ....) �+ T7 N I i ODo1a O zI wrapjo oWy {� W N 411. 0 !� OTO �....1T may►, ow OH 00 March 28, 2018 2017 CRA Annual Report 16 I 1 B i COLLIER COUNTY FLORIDA y REQUEST FOR LEGAL ADVERTISING OF PUBLIC HEARINGS �>' To: Clerk to the Board: Please place the following as a: Off. ® Normal legal Advertisement ❑ Other: (Display Adv.,location,etc.) **t.****xxxxxxxxr.xx*rxxxx************r.*************************.*i:****.i:**9:****.isr.':r.::r.isr.l.-*i:i::':r.r,..**.r... ****r.xx.. Originating Dept/Div: Bayshore CRA Person: Shirley Garcia Date: 03/06/2018 Petition No.(If none,give brief description): Petitioner: (Name&Address): Shirley Garcia 3570 Bayshore Dr.Unit 102 Naples 34112 Name&Address of any person(s)to be notified by Clerk's Office:(If more space is needed,attach separate sheet) Hearing before BCC BZA X Other-Annual Report in accordance with F.S.163.356(3)(c) Requested Hearing date:N/A Newspaper(s)to be used: (Complete only if important): ® Naples Daily News ❑ Other ❑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 ❑ No If Yes,what account should be charged for advertising costs: PO#4500185199- 187/138325/649100 Reviewed by• Reviewed by: ., J (A,V \ _ - Operations Coord tato Date Date List Attachments: Annual Report Notice 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: ❑ County Manager agenda file: to ❑ Requesting Division ❑ Original Clerk's Office B. Other hearings: Initiating Division head to approve and submit original to Clerk's Office,retaining a copy for file. *******************************S:*********************************xxx.xx.r.* Y**************************ltxxxx* eM EtiWc, \ FOR CLERK'S OFFICE USE Y: 3 • Date Received: Date of Public hearing: V 30 tt- Date Advertised:_ 3 0 1ir 161181 March 6, 2018 The Naples Daily News PO Box 7009 Naples, FL 34101 ATTENTION: Notices Section Fax # Ph# RE: PURCHASE ORDER #4500185199(Acct#505713) !!PURCHASE ORDER NUMBER MUST BE REFERENCED ON INVOICE!! Please publish the following legal advertisement on Collier County CRA Annual Report, March 30, 2018 "NOTICE" COLLIER COUNTY COMMUNITY REDEVELOPMENT AGENCY In accordance with F.S.163.356(3)(c), Florida Statutes, the annual report for the Collier County Community Redevelopment Agency(CRA) including Bayshore Gateway Triangle and Immokalee components have been filed with Collier County and the report is available for inspection during business hours in the office of the Collier County Clerk, as well as in the offices of the Bayshore/Gateway Triangle CRA (3570 Bayshore Drive, Unit#102, Naples, FL; and the Immokalee CRA (750 South Fifth Street Southwest Florida Works Building, Immokalee, FL 34142). This report includes information on activities for fiscal year 2017. A complete financial statement setting forth assets, liabilities, income, and operating expenses as of the end of the fiscal year is contained in the 2017 Collier County Comprehensive Annual Financial Report (CAFR) that is on file with the Collier County Clerk of Courts (3299 Tamiami Trail East, Ste. 401, Naples FL 34112). This 30th day of March 2018. CIlier "ounty Cmmunity Redevelopment Agency, 0/1vvv, ubmitted • . Shirley Garcia, for the Collier CRA Board 161181 March 6, 2018 The Naples Daily News PO Box 7009 Naples, FL 34101 ATTENTION: Notices Section Fax # Ph# RE: PURCHASE ORDER #4500185199(Acct#505713) !!PURCHASE ORDER NUMBER MUST BE REFERENCED ON INVOICE!! Please publish the following legal advertisement on Collier County CRA Annual Report, March 30, 2018 "NOTICE" COLLIER COUNTY COMMUNITY REDEVELOPMENT AGENCY In accordance with F.S.163.356(3)(c), Florida Statutes, the annual report for the Collier County Community Redevelopment Agency (CRA) including Bayshore Gateway Triangle and Immokalee components have been filed with Collier County and the report is available for inspection during business hours in the office of the Collier County Clerk, as well as in the offices of the Bayshore/Gateway Triangle CRA (3570 Bayshore Drive, Unit#102, Naples, FL; and the Immokalee CRA (750 South Fifth Street Southwest Florida Works Building, Immokalee, FL 34142). This report includes information on activities for fiscal year 2017. A complete financial statement setting forth assets, liabilities, income, and operating expenses as of the end of the fiscal year is contained in the 2017 Collier County Comprehensive Annual Financial Report (CAFR) that is on file with the Collier County Clerk of Courts (3299 Tamiami Trail East, Ste. 401, Naples FL 34112). This 30th day of March 2018. Collier County Community Redevelopment Agency, Submitted by: Shirley Garcia, for the Collier CRA Board 161181 Acct #505713 March 6, 2018 Attn: Legals Naples News Media 1100 Immokalee Road Naples, FL 34110 Re: 2017 Annual CRA Report Dear Legals: Please advertise the above referenced notice on Wednesday, March 28, 2018, (please reference the P.O. number below on the invoice) and send the Affidavit of Publication to the Minutes and Records Department. Thank you. Sincerely, Martha Vergara, Deputy Clerk P.O. #4500185199 161181 COLLIER COUNTY COMMUNITY REDEVELOPMENT AGENCY In accordance with F.S.163.356(3)(c), Florida Statutes, the annual report for the Collier County Community Redevelopment Agency (CRA) including Bayshore Gateway Triangle and Immokalee components have been filed with Collier County and the report is available for inspection during business hours in the office of the Collier County Clerk, as well as in the offices of the Bayshore/Gateway Triangle CRA (3570 Bayshore Drive, Unit #102, Naples, FL; and the Immokalee CRA (750 South Fifth Street, Southwest Florida Works Building, Immokalee, FL 34142). This report includes information on activities for fiscal year 2017. A complete financial statement setting forth assets, liabilities, income, and operating expenses as of the end of the fiscal year is contained in the 2017 Collier County Comprehensive Annual Financial Report (CAFR) that is on file with the Collier County Clerk of Courts (3299 Tamiami Trail East, Ste. 401, Naples FL 34112). This 28th day of March 2018. Collier County Community Redevelopment Agency, Submitted by: Shirley Garcia, for the Collier CRA Board � V� �� Martha S. Vergara From: ForesterDebrah <Debrah.Forester@colliercountyfl.gov> Sent: Tuesday, March 06, 2018 10:16 AM To: GarciaShirley Cc: NeetVirginia; BetancourtChristie; Martha S. Vergara; Be|pedio]ennifer Subject: RE: Annual report legal advertising Attachments: Newspaper Announcement 2017 CRA Annual Report 3'2018.docx Here is the final DRAFT ad approved by Jennifer. Shirley please assist to have it processed and published as noted.This item will be presented to the BCC on March 27.Thanks so much. Best Regards, Debrah Forester Office: 239-331-3266 [e11:239'285'8270 From: ForesterDebrah Sent:Tuesday, March 6, 2018 9:18 AM To: GarciaShirley<Shirley.Garcia@colliercountyfl.gov>; BelpedioJennifer<Jennifer.Belpedio@colliercountyfl.gov> Cc: NeetVirginia <Virginia.Neet@colliercountyfl.gov>; 8etancourt[hristie <Christie.Betancourt@coUiercountvfl.8ov>; Martha IVergara <Martha.VerQa/a@oo||ierderk.com> Subject: RE: Annual report legal advertising HI—Please disregard the newspaper ad Shirley sent, I have previously updated the ad and sent it to Jennifer for review. Thanks so much. Best Regards, Debrah Forester Office: 239-331-3266 Ce11:239'I85'8270 From: GarciaShirley Sent:Tuesday, March 6, 2018 8:31 AM To: Be|pedin]ennife/<jennifer.Be|p_edi0@_co&e/couDtyfifpv> Cc: NeetVirginia <Virginia.Neet@cuUiercountyfl.gov>; ForesterDebrah <Deb/ah.Forester@coUiercoun1yf.Rov>; Betancourt[hristie <Christie.Betancoult2cu||iercouniyO.gdyx; Martha S. Vergara <Martha.Vergara@collierclerk.com> Subject:Annual report legal advertising Jen: Let me know if this is okay to go as is, respond to all with the green light if you don't see any changes. Thank you, Shirley Under Florida Lavv, e-mail addresses are nsoorda. If you do not want your e-mail address released in response to a public records request, do not send electronic' moil to this entity. |nstead, contact this office by telephone or in writing. 1 161181 March 6, 2018 The Naples Daily News PO Box 7009 Naples, FL 34101 ATTENTION: Notices Section Fax # Ph# RE: PURCHASE ORDER # ) !!PURCHASE ORDER NUMBER MUST BE REFERENCED ON INVOICE!! Please publish the following legal advertisement on Collier County CRA Annual Report, March 29, 2018 "NOTICE" COLLIER COUNTY COMMUNITY REDEVELOPMENT AGENCY In accordance with s.163.356(3)(c), Florida Statutes, the Bayshore Gateway Triangle CRA and Immokalee CRA 2017 Annual Reports have been filed with Collier County and the report is available for inspection during business hours in the office of the Collier County Clerk, as well as in the offices of the Bayshore/Gateway Triangle CRA (3570 Bayshore Drive, Unit #102, Naples, FL; and the Immokalee CRA (750 South Fifth Street CareerSource Southwest Florida Building, Immokalee, FL 34142). This report includes information on activities for fiscal year 2017. A complete financial statement setting forth assets, liabilities, income, and operating expenses as of the end of the fiscal year is contained in the 2016 Collier County Comprehensive Annual Financial Report (CAFR) that is on file with the Collier County Clerk of Courts (3299 Tamiami Trail East, Ste. 401, Naples FL 34112). This 29th day of March 2018. Collier County Community Redevelopment Agency, Submitted by: Debrah Forester, CRA Director I6IiBi. Martha S. Vergara From: BelpedioJennifer <Jennifer.Belpedio@colliercountyfl.gov> Sent: Tuesday, March 06, 2018 10:26 AM To: ForesterDebrah; GarciaShirley Cc: NeetVirginia; BetancourtChristie; Martha S. Vergara Subject: RE: Annual report legal advertising Debrah, Martha contacted me and wanted to know when the advertisment will be running. The advertisement request states March 29 but the BCC hearing on the item will be on 3/27. The statute does not specific how far in advance the advertisement must run. It just mentions that ..."at the time of the filing of the report agency shall publish ". So my recommendation is that we publish soonest and at the same time get the Clerk the report and upload the item into the agenda system. As such, how about we ask NDN to publish this Friday(3/9)? Thanks! Jen From: ForesterDebrah Sent:Tuesday, March 06, 2018 10:16 AM To: GarciaShirley<Shirley.Garcia@colliercountyfl.gov> Cc: NeetVirginia <Virginia.Neet@colliercountyfl.gov>; BetancourtChristie <Christie.Betancourt@colliercountyfl.gov>; Martha S. Vergara <Martha.Vergara@collierclerk.com>; BelpedioJennifer<Jennifer.Belpedio@colliercountyfl.gov> Subject: RE: Annual report legal advertising Here is the final DRAFT ad approved by Jennifer. Shirley please assist to have it processed and published as noted.This item will be presented to the BCC on March 27.Thanks so much. Best Regards, Debrah Forester Office: 239-331-3266 Ce11:239-285-8270 From: ForesterDebrah Sent:Tuesday, March 6, 2018 9:18 AM To:GarciaShirley<Shirley.GarciaC>colliercountyfl.gov>; BelpedioJennifer<Jennifer.Belpedio@>colliercountyfl.gov> Cc: NeetVirginia <Virginia.Neet( colliercount fl.Dov>; BetancourtChristie <Christie.BetancourtPcolliercountyfl.gov>; Martha S. Vergara <Martha.Vergara@collierclerk.com> Subject: RE:Annual report legal advertising HI—Please disregard the newspaper ad Shirley sent, I have previously updated the ad and sent it to Jennifer for review. Thanks so much. Best Regards, 1 �� K� �� 0 � � Debrah Forester Office: 239-331-3266 Ce11:339'285'8270 From: GarciaShirley Sent:Tuesday, March 6, 2018 8:31 AM To: Be|pedio]ennifer^Jennifer. /countvf.8gv> Cc: NeetVirginia < >; ForesterDebrah <Deb1ah.Fonester@co||iercnuntyf.gov>; BetancourtCh/istie <ChrisTie' >; Martha S. Vergara <Martha.Vergara@co||iern|erk.rnrn> Subject:Annual report legal advertising Jen: Let me know if this is okay to go as is, respond to all with the green light if you don't see any changes. Thank you, Shirley Under Florida Law, e.maU addresa : not want your e-mail address released in response to a public records request do not ser„. e|eotron/o n�eU �o �Na enU�y |nsbaad. contact this office by telephone or in writing. 2 161181 Martha S. Vergara From: GarciaShirley <Shirley.Garcia@colliercountyfl.gov> Sent: Tuesday, March 06, 2018 11:27 AM To: Martha S. Vergara; BelpedioJennifer; ForesterDebrah Cc: NeetVirginia; BetancourtChristie Subject: RE: Annual report legal advertising Attachments: signedrequestlegaladannualreportl7.pdf; 201803061124.pdf All: Debrah said the Wednesday after the BCC meeting is fine to send out. Thank you, Shirley From: Martha S. Vergara [mailto:Martha.Vergara@collierclerk.com] Sent:Tuesday, March 6, 2018 10:30 AM To: BelpedioJennifer<Jennifer.Belpedio@colliercountyfl.gov>; ForesterDebrah <Debrah.Forester@colliercountyfl.gov>; GarciaShirley<Shirley.Garcia@colliercountyfl.gov> Cc: NeetVirginia <Virginia.Neet@colliercountyfl.gov>; BetancourtChristie <Christie.Betancourt@colliercountyfl.gov> Subject: RE: Annual report legal advertising NO! that deadline was Friday by noon. Next week will have to do. From: BelpedioJennifer [rnailto:Jen iff r_Belpedio@colliercoun yj,,gpv] Sent:Tuesday, March 06, 2018 10:29 AM To: Martha S.Vergara <Martha.Vergarahcollierclerk,com>; ForesterDebrah <Debrah.Forester@colliercountyfl.gov>; GarciaShirley<Shirley.Garcia@colliercountyfl.gov> Cc: NeetVirginia <Virginia,Neet@collier_ounyfl.gov>; BetancourtChristie <Christie.BetancourtPcolliercountvfl.gov> Subject: RE:Annual report legal advertising Do we have enough time for tomorrow or would it have to wait until next Weds. We always appreciate your insight for sure! From: Martha S.Vergara [mailto:Martha.Vergaragcolliercler k.cc:r,r] Sent:Tuesday, March 06, 2018 10:28 AM To: ForesterDebrah <Dehrah.Foresters oiliercoc.rr tyfl,gov>; GarciaShirley<Shirlev.GarciaPcolliercountyfl.gov> Cc: NeetVirginia <Virr;inia.Ne>t(a)coili, rcocintyfi_€.;civ>; BetancourtChristie <Christie.Betancourt@colliercountyfl.gov>; BelpedioJennifer<Jennifer.Beipedio(a)co!lierco;,untyfl.gov> Subject: RE: Annual report legal advertising Hi Everyone, Also, remember that it is cheaper to run an ad on Wednesday then on Friday.. just saying. Martha From: ForesterDebrah [rriailto:Debrah.Forester collierc:ounty l.gov] Sent:Tuesday, March 06, 2018 10:16 AM To: GarciaShirley<Shiriev.G 3rcia@coilrerc . unty_flgpv> 1 16 !tyg > 61 Cc: NeetVirginia <Virginiia.Neet,@colliercou tyli.gov>; BetancourtChristie <Christie.Betancourt@colliercou ; Martha S. Vergara <Martha.Vergara.. ,; e f Jerl .co,rn>; BelpedioJennifer<Jennifer.Belpedio@colliercountyfl.gov> Subject: RE:Annual report legal advertising Here is the final DRAFT ad approved by Jennifer. Shirley please assist to have it processed and published as noted.This item will be presented to the BCC on March 27.Thanks so much. Best Regards, Debrah Forester Office: 239-331-3266 Ce11:239-285-8270 From: ForesterDebrah Sent:Tuesday, March 6, 2018 9:18 AM To: GarciaShirley<Shirley.Garcia ccol nrcuunt dl,gov>; BelpedioJennifer<Jennifer.Beipedio@colliercountyfl gov> Cc: NeetVirginia <Virginia.Neet@collie,rcouuntyfI gov>; BetancourtChristie <Christie.Betancourt@colliercountyfl.gov>; Martha S.Vergara <Martha,VergaraJ)coHierclerk.c:orn> Subject: RE: Annual report legal advertising HI—Please disregard the newspaper ad Shirley sent, I have previously updated the ad and sent it to Jennifer for review. Thanks so much. Best Regards, Debrah Forester Office: 239-331-3266 Ce11:239-285-8270 From: GarciaShirley Sent:Tuesday, March 6, 2018 8:31 AM To: BelpedioJennifer<Jennifer.Belperdio@colliercountyfl.gov> Cc: NeetVirginia <Virginia.Meet@colliercourn yfl.gov>; ForesterDebrah <Debrah.Forester@coiliercountyfl.gov>; BetancourtChristie <Christie Betanccadurt )c.ollierc:.ountyfl.gay>; Martha S. Vergara <Martha.Vergara@collierclerk.com> Subject: Annual report legal advertising Jen: Let me know if this is okay to go as is, respond to all with the green light if you don't see any changes. Thank you, Shirley Unger Honda Lav,:. n anrean : . want your e-mail address released in response to a public; oc ras. ec ceat. do r contact this office by telephone or in waiting. Please visit us on the web at tiovy—e.cc iliercle,k.nom 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. 2 1611B1 Martha S. Vergara From: BelpedioJennifer <Jennifer.Belpedio@colliercountyfl.gov> Sent: Tuesday, March 06, 2018 11:36 AM To: GarciaShirley; Martha S. Vergara; ForesterDebrah Cc: NeetVirginia; BetancourtChristie Subject: RE: Annual report legal advertising I see where Debrah is going. She is looking at presentation to the BCC as the "filing" of the report. From: GarciaShirley Sent:Tuesday, March 06, 2018 11:27 AM To: Martha S.Vergara <Martha.Vergara@collierclerk.com>; BelpedioJennifer<Jennifer.Belpedio@colliercountyfl.gov>; ForesterDebrah <Debrah.Forester@colliercountyfl.gov> Cc: NeetVirginia <Virginia.Neet@colliercountyfl.gov>; BetancourtChristie <Christie.Betancourt@colliercountyfl.gov> Subject: RE: Annual report legal advertising All: Debrah said the Wednesday after the BCC meeting is fine to send out. Thank you, Shirley From: Martha S.Vergara [rnailtoMar tha V e rgar a@ccflrierclerl< orr.r] Sent:Tuesday, March 6, 2018 10:30 AM To: BelpedioJennifer<Jenni e BelpE dick; 36 ti;!l,er cournt1tl.gov>; ForesterDebrah<Debrah dForester@coiliercounty_f!.gov>; GarciaShirley<Sh...Iey Garcia@co,!lieic..untyfl,gc}v> Cc: NeetVirginia <Virginia.Neet@colliF ;;, 4fl.nc;o >; BetancourtChristie <Christie.Bettaancourt@colliercountvfl.gov> Subject: RE: Annual report legal advertising NO! that deadline was Friday by noon. Next week will have to do. From: BelpedioJennifer [rnailto Jero..'< . tr ipeclio@cell rcoun,y� ov] Sent:Tuesday, March 06, 2018 10:29 AM To: Martha S. Vergara <Martha Vergar< c cc .=.r ieri<.c ., r»; ForesterDebrah <Debrah.Forester@colliercountyfLRov>; GarciaShirley<Sh.de.y G,arcia,@_colliercc>...„ty..;l. ;cv> Cc: NeetVirginia <Virgrnia,Neet@collie cOuHy!l c; 1611B1 Also, remember that it is cheaper to run an ad on Wednesday then on Friday.. just saying. Martha From: ForesterDebrah maiito:Debrah Fore ster_ colliercoun r.fi govt] Sent:Tuesday, March 06, 2018 10:16 AM To: GarciaShirley<St irley. arcia a colli ceuntyfl gov> Cc: NeetVirginia <Vi ilia.Neet@collrer i si l _: v>; BetancourtChristie <Christie.Betancourt@«colliercountvfl.gov>; Martha S. Vergara <Martlaa.Vergara ecorn�n>; Belpediolennifer<Jennifer.BelpedioPcolliercountyfl.gov> Subject: RE: Annual report legal advertising Here is the final DRAFT ad approved by Jennifer. Shirley please assist to have it processed and published as noted. This item will be presented to the BCC on March 27. Thanks so much. Best Regards, Debrah Forester Office: 239-331-3266 Cell:239-285-8270 From: ForesterDebrah Sent:Tuesday, March 6, 2018 9:18 AM To: GarciaShirley<Shirley.Garcia@c olik '_ ..) r .,,xl wv>; BelpedioJennifer<Jennifer.Belpedio@colliercountyfl.gov> Cc: NeetVirginia <Virninia.Neet@troll€ert ,I ,,o >; BetancourtChristie <Christie.Betancourt@colliercountyfl gov>; Martha S. Vergara <Martha Verf, ra(( .:> _ ; > Subject: RE: Annual report legal advertising HI—Please disregard the newspaper ad Shirley sent, I have previously updated the ad and sent it to Jennifer for review. Thanks so much. Best Regards, Debrah Forester Office: 239-331-3266 Cell:239-285-8270 From: GarciaShirley Sent:Tuesday, March 6, 2018 8:31 AM p �nnrfe Blpetl `E ,E,t„ n z�i;'��k s� ,,s-> To: BelpedioJennifer<J� e Cc: NeetVirginia <VirErnra Nc et@colir s r >; ForesterDebrah <Debrah.rorester@colliercountyfl.gov>; d, BetancourtChristie <Chi rstir' Br tdnco rr f Un rwnntvfr >; Martha S. Vergara<Martl7a.Vergara(�collierclerk.com> Subject:Annual report legal advertising Jen: Let me know if this is okay to go as is, respond to all with the green light if you don't see any changes. Thank you, Shirley 2 1611B Martha S. Vergara To: BelpedioJennifer; GarciaShirley; ForesterDebrah Cc: NeetVirginia; BetancourtChristie Subject: RE: Annual report legal advertising Ok, that is what I needed to know. I'll send the proof as soon as I get it, From: BelpedioJennifer [mailto:Jennifer.Belpedio@colliercountyfl.gov] Sent:Tuesday, March 06, 2018 11:36 AM To: GarciaShirley<Shirley.Garcia@colliercountyfl.gov>; Martha S. Vergara <Martha.Vergara@collierclerk.com>; ForesterDebrah <Debrah.Forester@colliercountyfl.gov> Cc: NeetVirginia <Virginia.Neet@colliercountyfl.gov>; BetancourtChristie <Christie.Betancourt@colliercountyfl.gov> Subject: RE: Annual report legal advertising I see where Debrah is going. She is looking at presentation to the BCC as the "filing" of the report. From: GarciaShirley Sent:Tuesday, March 06, 2018 11:27 AM To: Martha S. Vergara <Martha.Vergara@colliercierk.com>; BelpedioJennifer<Jennifer.Belpedio@colliercountyfl.gov>; ForesterDebrah <Debrah.ForesterOcolliercount.yf€_gpv> Cc: NeetVirginia <Virp.,inia.NeetPcolliercounryfl.gov>; BetancourtChristie <Christie.Betancourt@colliercountyfl.gov> Subject: RE: Annual report legal advertising All: Debrah said the Wednesday after the BCC meeting is fine to send out. Thank you, Shirley From: Martha S. Vergara [rnailt.o:Martha Vr rgara @,c rcie; Sent:Tuesday, March 6, 2018 10:30 AM To: BelpedioJennifer<Jennifer.Belpedio(a>ccolliercountyfl.gov�>; ForesterDebrah <Debrah.Forester@colliercountyfl.gov>; GarciaShirley<Shirley.Garcia@coiliercountyfl.gov> Cc: NeetVirginia <Virginia.Neet@colliercountyfi.gov>; BetancourtChristie <Christie.Betancourt@colliercountyfl.gov> Subject: RE: Annual report legal advertising NO! that deadline was Friday by noon. Next week will have to do. From: BelpedioJennifer [maiito:Jennifer,Beipedipra)coliiercpuntyfi.gov] Sent:Tuesday, March 06, 2018 10:29 AM To: Martha S. Vergara <Martha.VergaraPcoilierclerk com>; ForesterDebrah<Debrah.Forester@colliercountyfl.gov>; GarciaShirley<Shiriey.Garcia@colliercounty`I.gov> Cc: NeetVirginia <Virginia.Neet(a)collrer-coc Cf% ;pv>; BetancourtChristie<Christie.Betancourt@colliercountyfl.gov> Subject: RE: Annual report legal advertising 1 ��WN ��V� �� K� �� Do we have enough time for tomorrow or would it have to wait until next Weds. We always appreciate your insight for sure! From: Martha S. Vergara knai|bz:Ma/t Sent:Tuesday, March 062018 10:28 AM To: ForesterDebrah <Debreh]Fo/est ; GarciaShir|ey<Shidey.Garcia@ooUiercountyf.gov> Cc: NeetVirQiniaxVi[R >; 8etancourt[h/istie <( hri»tie.BetancourtPcuUiercountyfl.gov>; Be|pedin]ennifer«]enniher,Be|pfio@ > Subject: RE: Annual report legal advertising Hi Everyone, Also, remember that it is cheaper to run an ad on Wednesday then on Friday.. just saying. Martha From: ForesterDebrah [ Sent: Tuesday, March 06, 2018 10:16 AM To: GarciaShirley< > Cc: NeetVirginia < >, BetancourtChristie urt@uot»figyv>; Martha S. Vergara ^; Be|pedio]ennifer< dioPco||iercou Subject: RE: Annual report legal advertising Here is the final DRAFT ad approved by Jennifer. Shirley please assist to have it processed and published as noted.This item will be presented to the BCC on March 27.Thanks so much. Best Regards, Debrah Forester Office: 239-3313I66 CeU:239'285'8270 - - — -- ----' From: ForesterDebrah Sent: Tuesday, March 6, 2018 9:18 AM To: Garcia3hir|eyxShiMey'Garcia_@co||iercoulltyfUov>; BelpedioJennifer< e|pejilEcoJ|iercuuntyM.gov> Cc NeetVi/8inia <VirQinia.Neet@co||ierc:oQnpifiglp>; Betancoort[hristie «Christie.BetancourtPcoUiercountyf|.gov>; Martha S. VerQara <yuartha,VerQara@ > Subject: RE: Annual report legal advertising HI — Please disregard the newspaper ad Shirley sent, I have previously updated the ad and sent it to Jennifer for review. Thanks so much. Best Regards, Debrah Forester Office: 2393]1 3Z66 161161 From: GarciaShirley Sent:Tuesday, March 6, 2018 8:31 AM To: BelpedioJennifer<Jonn fer.Belpeitiis z c Biercounts 3'c o -> Cc: NeetVirginia <Vir inia.N et col€iorco€ nr;.°( v>; ForesterDebrah <Debra! .Forester@colliercountyfLgov>; BetancourtChristie<Christie Betanco. _ 'it .i,ir. f ts c 'c i5,o f>; Martha S. Vergara<Martha.Vergara(icollierclerk.com> Subject: Annual report legal advertising Jen: Let me know if this is okay to go as is, respond to all with the green light if you don't see any changes. Thank you, Shirley Undsr ,Fonda Law r rt aii <..t.. es.s,.s an,,s f acct your e-mail address released in response to a puk iic, tec ccs e a.,;,.,1 do not send , contact this office by telephone or in writing. Please visit us on the web at www.coilierderk.y.?rr? 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@coilierclerk.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. 3 1611 B 1 Martha S. Vergara From: Martha S. Vergara Sent: Tuesday, March 06, 2018 12:06 PM To: Naples Daily News Legals Subject: 2017 CRA Annual Report Attachments: 2017 Annual CRA Report (3-30-18).doc; 2017 Annual CRA Report (3-30-18).doc Hello, Please advertise the following attached ad on Wednesday, March 28, 2018. Please forward an ok when received, if you have any questions feel free to call me. Thanks, Martha Vergara, BAIR. Senior Clerk Minutes and Records Dept. Clerk of the Circuit Court & Value Adjustment Board Office: (239) 252-7240 Fax: (239) 252-8408 E-mail: martha.vergarakcollierclerk.com 16I1B1 Martha S. Vergara From: NDN-Legals <legals@naplesnews.com> Sent: Tuesday, March 06, 2018 12:26 PM To: Martha S.Vergara Subject: RE: 2017 CRA Annual Report ok From: Martha S. Vergara [mailto:Martha.Vergara@collierclerk.com] Sent:Tuesday, March 06, 2018 12:06 PM To: NDN-Legals<legals@naplesnews.com> Subject: 2017 CRA Annual Report Hello, Please advertise the following attached ad on Wednesday, March 28, 2018. Please forward an ok when received, if you have any questions feel free to call me. Thanks, Martha Vergara, BMR. Senior Clerk. Minutes and Records Dept. Clerk of the Circuit Court & Value Adjustment Board Office: (239) 252-7240 Fax: (239) 252-8408 E-mail: mai tlia v erg a(cleoliiercl k.cpn.�, Please visit us on the web at https://protect-•us.mimecast.corn/s/CSpNCv2xPoUZL..L.9rSzlps0?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 belpdesk(@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 Cg.11jetClerk,cgm 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 161181 Martha S. Vergara From: Legals@naplesnews.com Sent: Tuesday, March 06, 2018 2:09 PM To: Martha S. Vergara Subject: For your approval Ad: 1948841, COLLIER COUNTY COMMUNITY REDEVELOPME Attachments: BAYSHOREGA-2-1948841-1.pdf Hi Martha, Attached is the ad proof, please review and let us know if you have any questions. We need an approval in order for the ad to run on the 1st date scheduled. Deadline: 2pm for next day publication, except for Sunday/Monday publication, the deadline is 4pm on Friday. Thank you, Mereida Cardenas Legal Advertising Specialist PART OF THE USA TODAY NETWORK Office: 239.213.6061 Legals@naplesnews.com naplesnews.com 1611B1 > Ad Proof Daitll rt Sales Rep:Mereida Cardenas(N9103) Phone: Email: >Account Information Date:03/06/18 This is a proof of your ad scheduled to run on the dates indicated below. Account Number:505713(N068839) Please confirm placement prior to deadline by contacting your account Company Name:BAYSHORE GATEWAY CRA rep at . Contact Name: Ad Id:1948841 P.O.No.: Total Cost:$148.75 Email:Martha.Vergaza@collierclerk.com Tag Line:COLLIER COUNTY COMMUNITY REDEVELOPME Address:3570 BAYSHORE DR STE 102,NAPLES,FL,34112 Start Date:03/28/18 Stop Date:03/28/18 Phone:(239)643-1115 Fax:(000)000-0000 Number of Timess: 1 Class: 16250-Public Notices Publications:ND-Naples Daily News,ND-Internet-naplesnews.com %Ad Proof I agree this ad is accurate and as ordered. COLLIER COUNTY 34112). COMMUNITY REDEVELOPMENT AGENCY This 28th day of March 2018. In accordance with Collier County Community F.S.163.356(3)(c), Florida Redevelopment Agency, Statutes, the annual report Submitted by: for the Collier County Shirley Garcia, for the Collier Community Redevelopment CRA Board Agency (CRA) including March 28,2018 No.1948841 Bayshore Gateway Triangle and Immokalee components have been filed with Collier County and the report is available for inspection during business hours in the office of the Collier County Clerk, as well as in the offices of the Bayshore/Gateway Triangle CRA (3570 Bayshore Drive, Unit#102,Naples,FL;and the Immokalee CRA (750 South Fifth Street,Southwest Florida Works Building,Immokalee,FL 34142). This report includes information on activities for fiscal year 2017. A complete financial statement setting forth assets, liabilities, income, and operating expenses as of the end of the fiscal year is contained in the 2017 Collier County Comprehensive Annual Financial Report(CAFR)that is on file with the Collier County Clerk of Courts(3299 Tamiami Trail East,Ste.401, Naples FL Thank you for your business. Our commitment to a quality product includes the advertising in our publications. As such,Gannett reserves the right to cat- egorize,edit and refuse certain classified ads.Your satisfaction is important. If you notice errors in your ad,please notify the classified department immedi- ately so that we can make corrections before the second print date. The number to call is 239-263-4700. Allowance may not be made for errors reported past the second print date.The Naples Daily News may not issue refunds for classified advertising purchased in a package rate;ads purchased on the open rate may be pro-rated for the remaining full days for which the ad did not run. 161181 Martha S. Vergara From: Martha S. Vergara Sent: Tuesday, March 06, 2018 2:17 PM To: Naples Daily News Legals Subject: RE: For your approval Ad: 1948841, COLLIER COUNTY COMMUNITY REDEVELOPME Importance: High Hi Mereida, Can you please replace Shirley Garcia's name with - Dabrah Forester li I agree dui ad is accurate and as ordered. COLUER COUNTY 34112). COMMUNITY REDEVELOPMENT AGENCY This 28th day of March 2018. In accordance with Collier County Community F.S.163.356{3)(c), Florida Redevelopment Agency, Statutes. the annual report Submitted For the Collier CountyGa Collier Cornnfun ly Rrdr'el n►enl CRA rd Agency (CRA) Including March 26,2018 No.1948841 Bayshore Gateway Triangle and Immokalee components have been filed with Collier Countyy and the report Is available far inspl'cllon during business hours in the office of the Collier County Clerk. as well as in the offices of the Rayshare/Gatewav Triangle Thanks, Martha Original Message From: Legals@naplesnews.com [mailto:Legals@naplesnews.com] Sent: Tuesday, March 06, 2018 2:09 PM To: Martha S. Vergara <Martha.Vergara@collierclerk.com> Subject: For your approval Ad: 1948841, COLLIER COUNTY COMMUNITY REDEVELOPME Hi Martha, Attached is the ad proof, please review and let us know if you have any questions. We need an approval in order for the ad to run on the 1st date scheduled. Deadline: 2pm for next day publication, except for Sunday/Monday publication, the deadline is 4pm on Friday. 1 Thank you, 1611 B Mereida Cardenas Legal Advertising Specialist PART OF THE USA TODAY NETWORK Office: 239.213.6061 Legals@naplesnews.com naplesnews.com 2 161181 Martha S. Vergara From: Legals@naplesnews.com Sent: Tuesday, March 06, 2018 2:22 PM To: Martha S. Vergara Subject: Revised Ad: 1948841, COLLIER COUNTY COMMUNITY REDEVELOPME Attachments: BAYSHOREGA-3-1948841-1.pdf Hi Martha, Attached is the ad proof, please review and let us know if you have any questions. We need an approval in order for the ad to run on the 1st date scheduled. Deadline: 2pm for next day publication, except for Sunday/Monday publication, the deadline is 4pm on Friday. Thank you, Mereida Cardenas Legal Advertising Specialist PART OF THE USA TODAY NETWORK Office: 239.213.6061 Legals@naplesnews.com naplesnews.com 1 tAt1RI > Ad Proof is Battu rttx9 Sales Rep:Mereida Cardenas(N9103) Phone: Email: Date:03/06/18 This is a proof of your ad scheduled to run on the dates indicated below. Account Number:505713(N068839) Please confirm placement prior to deadline by contacting your account Company Name:BAYSHORE GATEWAY CRA rep at . Ad Id: 1948841 P.O.No.: Total Cost:$148.75 Contact Name: Email:Martha.Vergaza@collierclerk.com Tag Line:COLLIER COUNTY COMMUNITY REDEVELOPME Address:3570 BAYSHORE DR STE 102,NAPLES,FL,34112 Start Date:03/28/18 Stop Date:03/28/18 Phone:(239)643-1115 Fax:(000)000-0000 Number of Timess: 1 Class:16250-Public Notices Publications:ND-Naples Daily News,ND-Intemet-naplesnews.com Ad Proof I agree this ad is accurate and as ordered. COLLIER COUNTY 34112). COMMUNITY REDEVELOPMENT AGENCY This 28th day of March 2018. In accordance with Collier County Community F.S.163.356(3)(c), Florida Redevelopment Agency, Statutes, the annual report Submitted by: for the Collier County Dabrah Forester, for the Community Redevelopment Collier CRA Board Agency (CRA) including March 28,2018 No.1948841 Bayshore Gateway Triangle and Immokalee components have been filed with Collier County and the report is available for inspection during business hours in the office of the Collier County Clerk, as well as in the offices of the Bayshore/Gateway Triangle CRA (3570 Bayshore Drive, Unit#102,Naples,FL;and the Immokalee CRA (750 South Fifth Street,Southwest Florida Works Building,Immokalee,FL 34142). This report includes information on activities for fiscal year 2017. A complete financial statement setting forth assets, liabilities, income, and operating expenses as of the end of the fiscal year is contained in the 2017 Collier County Comprehensive Annual Financial Report(CAFR)that is on file with the Collier County Clerk of Courts(3299 Tamiami Trail East,Ste.401, Naples FL Thank you for your business. Our commitment to a quality product includes the advertising in our publications. As such,Gannett reserves the right to cat- egorize,edit and refuse certain classified ads.Your satisfaction is important. If you notice errors in your ad,please notify the classified department immedi- ately so that we can make corrections before the second print date. The number to call is 239-263-4700. Allowance may not be made for errors reported past the second print date.The Naples Daily News may not issue refunds for classified advertising purchased in a package rate;ads purchased on the open rate may be pro-rated for the remaining full days for which the ad did not run. 1611131 Martha S. Vergara From: Martha S. Vergara Sent: Tuesday, March 06, 2018 2:24 PM To: ForesterDebrah; GarciaShirley; NeetVirginia; 'BelpedioJennifer' Subject: 2017 CRA Annual Report Proof Attachments: BAYSHOREGA-3-1948841-1.pdf Hello All, Attached is the ad proof for the referenced. Please review and let me know of any changes needed. Thanks, Martha 1 > Ad Proof ? aptr Batt jJJ 611 R Sales Rep:Mereida Cardenas(N9103) Phone: Email: >Account Information Date:03/06/18 —111111111=111111 — This is a proof of your ad scheduled to run on the dates indicated below. Account Number:505713(N068839) Please confirm placement prior to deadline by contacting your account Company Name:BAYSHORE GATEWAY CRA rep at . Ad Id: 1948841 P.O.No.: Total Cost:$148.75 Contact Name: Email:Martha.Vergara@collierclerk.com Tag Line:COLLIER COUNTY COMMUNITY REDEVELOPME Address:3570 BAYSHORE DR STE 102,NAPLES,FL,34112 Start Date:03/28/18 Stop Date:03/28/18 Phone:(239)643-1115 Fax:(000)000-0000 Number of Timess:I Class: 16250-Public Notices Publications:ND-Naples Daily News,ND-Internet-naplesnews.com Ad Proof I agree this ad is accurate and as ordered. COLLIER COUNTY 34112). COMMUNITY REDEVELOPMENT AGENCY This 28th day of March 2018. In accordance with Collier County Community F.S.163.356(3)(c), Florida Redevelopment Agency, Statutes, the annual report Submitted by: for the Collier County Dabrah Forester, for the Community Redevelopment Collier CRA Board Agency (CRA) including March 28,2018 No.1948841 Bayshore Gateway Triangle and Immokalee components have been filed with Collier County and the report is available for inspection during business hours in the office of the Collier County Clerk, as well as in the offices of the Bayshore/Gateway Triangle CRA (3570 Bayshore Drive, Unit#102,Naples,FL;and the Immokalee CRA (750 South Fifth Street,Southwest Florida Works Building,Immokalee,FL 34142). This report includes information on activities for fiscal year 2017. A complete financial statement setting forth assets, liabilities, income, and operating expenses as of the end of the fiscal year is contained in the 2017 Collier County Comprehensive Annual Financial Report(CAFR)that is on file with the Collier County Clerk of Courts(3299 Tamiami Trail East, Ste.401, Naples FL Thank you for your business. Our commitment to a quality product includes the advertising in our publications. As such,Gannett reserves the right to cat- egorize,edit and refuse certain classified ads.Your satisfaction is important. If you notice errors in your ad,please notify the classified department immedi- ately so that we can make corrections before the second print date. The number to call is 239-263-4700. Allowance may not be made for errors reported past the second print date.The Naples Daily News may not issue refunds for classified advertising purchased in a package rate;ads purchased on the open rate may be pro-rated for the remaining full days for which the ad did not run. ,6U 81 > Ad Proof NaPICS BaitH Sales Rep:Mereida Cardenas(N9103) Phone: Email: >Account Information >Insertion Information Date:03/06/18 This is a proof of your ad scheduled to run on the dates indicated below. Account Number:505713(N068839) Please confirm placement prior to deadline by contacting your account Company Name:BAYSHORE GATEWAY CRA rep at . Contact Name: Ad Id: 1948841 P.O.No.: Total Cost:$148.75 Email:Martha Vergara@collierclerk.com Tag Line:COLLIER COUNTY COMMUNITY REDEVELOPME Address:3570 BAYSHORE DR STE 102,NAPLES,FL,34112 Start Date:03/28/18 Stop Date:03/28/18 Phone:(239)643-1115 Fax:(000)000-0000 Number of Timess: 1 Class: 16250-Public Notices Publications:ND-Naples Daily News,ND-Intemet-naplesnews.coin NIZIEMMr I agree this ad is accurate and as ordered. COLLIER COUNTY 34112). COMMUNITY REDEVELOPMENT AGENCY This 28th day of March 2018. In accordance with Collier County Community F.S.163.356(3)(c), Florida Redevelopment Agency, Statutes, the annual report Submitted by: for the Collier County Debrah Forester, for the Community Redevelopment Collier CRA Board Agency (CRA) including March 28,2018 No.1948841 Bayshore Gateway Triangle and Immokalee components have been filed with Collier County and the report is available for inspection during business hours in the office of the Collier County Clerk, as well as in the offices of the Bayshore/Gateway Triangle CRA (3570 Bayshore Drive, Unit#102,Naples,FL;and the Immokalee CRA (750 South Fifth Street,Southwest Florida Works Building,Immokalee,FL 34142). This report includes information on activities for fiscal year 2017. A complete financial statement setting forth assets, liabilities, income, and operating expenses as of the end of the fiscal year is contained in the 2017 Collier County Comprehensive Annual Financial Report(CAFR)that is on file with the Collier County Clerk of Courts(3299 Tamiami Trail East,Ste.401, Naples FL Thank you for your business. Our commitment to a quality product includes the advertising in our publications. As such,Gannett reserves the right to cat- egorize,edit and refuse certain classified ads.Your satisfaction is important. If you notice errors in your ad,please notify the classified department immedi- ately so that we can make corrections before the second print date. The number to call is 239-263-4700. Allowance may not be made for errors reported past the second print date.The Naples Daily News may not issue refunds for classified advertising purchased in a package rate;ads purchased on the open rate may be pro-rated for the remaining full days for which the ad did not run. Martha S. Vergara 1611B1 From: GarciaShirley <Shirley.Garcia@colliercountyfl.gov> Sent: Wednesday, March 07, 2018 11:24 AM To: Martha S. Vergara; NeetVirginia; BelpedioJennifer; ForesterDebrah Subject: RE: revised 2017 CRA Ad proof Yes please proceed. From: Martha S.Vergara [mailto:Martha.Vergara@collierclerk.com] Sent: Wednesday, March 7, 2018 11:05 AM To: NeetVirginia <Virginia.Neet@colliercountyfl.gov>; BelpedioJennifer<Jennifer.Belpedio@colliercountyfl.gov>; GarciaShirley<Shirley.Garcia@colliercountyfl.gov>; ForesterDebrah <Debrah.Forester@colliercountyfl.gov> Subject: RE: revised 2017 CRA Ad proof Hello AU, Waiting on the approval of this proof that I sent yesterday. Thanks, Martha From: Martha S. Vergara Sent:Tuesday, March 06, 2018 2:40 PM To: NeetVirginia <Virginia.Neet@colliercountyfl.gov>; 'BelpedioJennifer' <Jennifer.Belpedio( colliercountyfl.gov>; GarciaShirley<Shirley.Garcia(cpcolliercountyfl.gov>; ForesterDebrah <Debrah.Forester@colliercountvfl.gov> Subject: revised 2017 CRA Ad proof Revision attached Please visit us on the web at www.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(acollierclerk.co.m 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. Under Florida Law, a .mail addresses are public recoads. if you do not want your e-mail address released in response to a public records request, do not send c leotrom mail to this entity. Instead, contact this office by telephone or in writing. 1 161181 Martha S. Vergara From: Martha S. Vergara Sent: Friday, March 09, 2018 2:50 PM To: Naples Daily News Legals Subject: RE: 1948841, COLLIER COUNTY COMMUNITY REDEVELOPME HI Mereida, The following revision is being requested by the department.. GOMMuNIY Y REDEVELOPMENT AGENCY This 2&h day of March 201tl. I -aCtbrct nCe ,r+t1► CommWaty S 63.35&(3)(C), Florida Redeue utaAeyys. the Qayshare Submitted blr. Immakalte CRA 2017le RA and Debra Annud Collier CRA Board' tog the Reports have been filed with March 28.201E No.194U41 Collier County and the report U is available for MspetUort 6,vv..ALS,.. 6. dieing business hours In the office of the Collier County Clelr,aS welt as In the otfiCes Of e Bayslwre/Gateway Trlangh CRA 10 BtY7htN¢ Drive, Unit i1 Naies. ft: and the YnmOka CRA( ' South Fifth Street, Car t�Cr--- Flortder++ - 9utldln9. Irnrnolcalee.R 34142). This report Includes Include } 11+ lf334 intormallorn 2O0n17acAtivi�tere sancatattmenlselflap forth assets, liabilities, —— — -� income, and operatingp nd et thQenses is Of fiscal yeas Ishcontained in the 2016 Collier County Comprehensive Annual Fontn, IawitRhe oartCFerR)CtohatIs Clerk of Cour ts(3299 Tarolan4 tract East.Ste.401.Naples Ft Thanks, Martha Original Message From: Legals@naplesnews.com <Legals@naplesnews.com> Sent: Tuesday, March 06, 2018 2:37 PM To: Martha S. Vergara <Martha.Vergara@collierclerk.com> Subject: Ad: 1948841, COLLIER COUNTY COMMUNITY REDEVELOPME awww sorry about your day; I hope it gets better (it's getting closer to 5pm :) Attached is the ad proof, please review and let us know if you have any questions. We need an approval in order for the ad to run on the 1st date scheduled. Deadline: 2pm for next day publication, except for Sunday/Monday publication, the deadline is 4pm on Friday. 1 > Ad Proofa JatLij J Sales Rep:Mereida Cardenas(N9103) Phone: Email: '-1=111111111=1111 > Insertion Information Date:03/09/18 This is a proof of your ad scheduled to run on the dates indicated below. Account Number:505713(N068839) Please confirm placement prior to deadline by contacting your account Company Name:BAYSHORE GATEWAY CRA rep at . Contact Name: Ad Id:1948841 P.O.No.: Total Cost:$142.80 Email:Martha.Vergara@cotlierclerk.com Tag Line:COLLIER COUNTY COMMUNITY REDEVELOPME Address:3570 BAYSHORE DR STE 102,NAPLES,FL,34112 Start Date:03/28/18 Stop Date:03/28/18 Phone:(239)643-1115 Fax:(000)000-0000 Number of Timess: I Class: 16250-Public Notices Publications:ND-Naples Daily News,ND-Internet-naplesnews.com 1d Proof I agree this ad is accurate and as ordered. COLLIER COUNTY 34112). COMMUNITY REDEVELOPMENT AGENCY This 28th day of March 2018. In accordance with Collier County Community s.163.356(3)(c), Florida Redevelopment Agency, Statutes, the Bayshore Submitted by: Gateway Triangle CRA and Debrah Forester, for the Immokalee CRA 2017 Annual Collier CRA Board Reports have been filed with March 28,2018 No.1948841 Collier County and the report is available for inspection during business hours in the office of the Collier County Clerk,as well as in the offices of the Bayshore/Gateway Triangle CRA (3570 Bayshore Drive, Unit #102, Naples, FL; and the Immokalee CRA (750 South Fifth Street, Career Source Southwest Florida Building, Immokalee, FL 34142). This report includes information on activities for fiscal year 2017. A complete financial statement setting forth assets, liabilities, income, and operating expenses as of the end of the fiscal year is contained in the 2016 Collier County Comprehensive Annual Financial Report(CAFR)that is on file with the Collier County Clerk of Courts(3299 Tamiami Trail East, Ste.401, Naples FL Thank you for your business. Our commitment to a quality product includes the advertising in our publications. As such,Gannett reserves the right to cat- egorize,edit and refuse certain classified ads.Your satisfaction is important. If you notice errors in your ad,please notify the classified department immedi- ately so that we can make corrections before the second print date. The number to call is 239-263-4700. Allowance may not be made for errors reported past the second print date.The Naples Daily News may not issue refunds for classified advertising purchased in a package rate;ads purchased on the open rate may be pro-rated for the remaining full days for which the ad did not run. 1611B1 Martha S. Vergara From: ForesterDebrah <Debrah.Forester@colliercountyfl.gov> Sent: Friday, March 09, 2018 4:18 PM To: Martha S. Vergara; BelpedioJennifer; NeetVirginia; GarciaShirley Subject: RE: BAYSHOREGA-77-1948841-1.pdf Looks good.Thanks so much Best Regards, Debrah Forester Office: 239-331-3266 CeI1:239-285-8270 From: Martha S.Vergara [mailto:Martha.Vergara@collierclerk.com] Sent: Friday, March 9, 2018 3:48 PM To: BelpedioJennifer<Jennifer.Belpedio@colliercountyfl.gov>; NeetVirginia <Virginia.Neet@colliercountyfl.gov>; ForesterDebrah <Debrah.Forester@colliercountyfl.gov>; GarciaShirley<Shirley.Garcia@colliercountyfl.gov> Subject: BAYSHOREGA-77-1948841-1.pdf Attached is the revision per your request. Let me know if this revision is approved. Thanks, Martha Please visit us on the web at www.coliiercler k.;� r 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=corn 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. Unde a not want your e-mail address released in response to a public records. ..,...,�:? �ns tEt r.stead, contact this office by telephone or in writing 1 Martha S. Vergara 16 1 1 6 1 From: BelpedioJennifer <Jennifer.Belpedio@colliercountyfl.gov> Sent: Friday, March 09, 2018 2:45 PM To: ForesterDebrah; Martha S.Vergara; GarciaShirley; NeetVirginia Subject: RE: Revised Ad proof The ad is acceptable to me with Debrah's edits. From: ForesterDebrah Sent: Friday, March 09, 2018 11:44 AM To: Martha S. Vergara <Martha.Vergara@collierclerk.com>; GarciaShirley<Shirley.Garcia@colliercountyfl.gov>; BelpedioJennifer<Jennifer.Belpedio@colliercountyfl.gov>; NeetVirginia <Virginia.Neet@colliercountyfl.gov> Subject: RE: Revised Ad proof Hi—two corrects, please let me know if you have any questions.Thanks so much. Best Regards, Debrah Forester Office: 239-331-3266 Ce11:239-285-8270 From: Martha S.Vergara [mailto:Martha.Vergara@collierclerk.com] Sent: Friday, March 9, 2018 11:06 AM To: ForesterDebrah<Debrah.Forester@colliercountyfl.gov>; GarciaShirley<Shirley.Garcia@colliercountyfl.gov>; BelpedioJennifer<Jennifer.Belpedio@colliercountyfl.gov>; NeetVirginia <Virginia.Meet@colliercountyfl.gov> Subject: RE: Revised Ad proof Importance: High Hello All, It's Friday and I would like to get an approval today for the revised ad proof that was sent on Wednesday. Thanks, Martha From: Martha S. Vergara Sent Wednesday,March O77 2018 2 52 PM To: ForesterDebrah <Debrah.Forester@colliercountyfl.gov>; GarciaShirley<Shirley.Garcia@colliercountyfl.gov>; 'BelpedioJennifer'<Jennifer.Belpedio@colliercountyfl.gov>; NeetVirginia <Virginia.Neet@colliercountyfl.gov> Subject,Revised Ad proof Hello All, 1161 181 Martha S. Vergara From: Martha S. Vergara Sent: Monday, March 12, 2018 11:10 AM To: Naples Daily News Legals Subject: RE: Revised Ad: 1948841, COLLIER COUNTY COMMUNITY REDEVELOPME Morning Mereida, The legal department has approved this revision request. Please proceed publishing as requested. Thanks, Martha Original Message From: Legals@naplesnews.com <Legals@naplesnews.com> Sent: Friday, March 09, 2018 3:02 PM To: Martha S. Vergara <Martha.Vergara@collierclerk.com> Subject: Revised Ad: 1948841, COLLIER COUNTY COMMUNITY REDEVELOPME Attached is the ad proof, please review and let us know if you have any questions. We need an approval in order for the ad to run on the 1st date scheduled. Deadline: 2pm for next day publication, except for Sunday/Monday publication, the deadline is 4pm on Friday. Thank you, Mereida Cardenas Legal Advertising Specialist PART OF THE USA TODAY NETWORK Office: 239.213.6061 Legals@naplesnews.com naplesnews.com 1611E31 Martha S. Vergara From: ForesterDebrah <Debrah.Forester@colliercountyfl.gov> Sent: Tuesday, March 13, 2018 11:45 AM To: Martha S. Vergara; GarciaShirley; BelpedioJennifer; NeetVirginia Subject: RE: Revised Ad proof Attachments: Legal Ad Final REVISED.pdf Importance: High Hi,we need to revise this ad—please see attached. Please let me know if you have any questions. Thanks so much! Best Regards, Debrah Forester Office: 239-331-3266 Ce11:239-285-8270 From: Martha S. Vergara [mailto:Martha.Vergara@collierclerk.com] Sent:Wednesday, March 7, 2018 2:52 PM To: ForesterDebrah<Debrah.Forester@colliercountyfl.gov>; GarciaShirley<Shirley.Garcia@colliercountyfl.gov>; BelpedioJennifer<Jennifer.Belpedio@colliercountyfl.gov>; NeetVirginia <Virginia.Neet@colliercountyfl.gov> Subject: Revised Ad proof Hello All, Attached is the revised ad proof for your review. Let me know if any other changes are needed. Thanks, Martha Please visit us on the web at www.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. 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 11411 R1 • > Ad Proof To.AapirsBattu Arius Sales Rep:Mereida Cardenas(N9103) Phone: Email: >Account Information >Insertion Information Date:03/09/18 This is a proof of your ad scheduled to run on the dates indicated below. Account Number:505713(N068839) Please confirm placement prior to deadline by contacting your account Company Name:BAYSHORE GATEWAY CRA rep at . Ad Id: 1948841 P.O.No.: Total Cost:$142.80 Contact Name: Email:Martha.Vergaza@collierclerk.com Tag Line:COLLIER COUNTY COMMUNITY REDEVELOPME Address:3570 BAYSHORE DR STE 102,NAPLES,FL,34112 Start Date:03/28/18 Stop Date:03/28/18 Phone:(239)643-1115 Fax:(000)000-0000 Number of Timess: 1 Class:16250-Public Notices Publications:ND-Naples Daily News,ND-Intemet-naplesnews.com I agree this ad is accurate and as ordered. COLLIER COUNTY 34112). COMMUNITY REDEVELOPMENT AGENCY This 28th day of March 2018. In accordance with Collier County Community s.163.356(3)(c), Florida Redevelopment Agency, Statutes, the Bayshore Submitted by: Gateway Triangle CRA and Debrah Forester, for the Immokalee CRA 2017 Annual Collier CRA Board Reports have been filed with March 28,2018 No.1948841 Collier County and the report is available for inspection during business hours in the office of the Collier County Clerk,as well as in the offices of the Bayshore/Gateway Triangle CRA (3570 Bayshore Drive, Unit #102, Naples, FL; and the Immokalee CRA (750 South Fifth Street, Career Source Southwest Florida Building, Immokalee, FL 34142). This report includes information on activities for fiscal year 2017. A complete financial statement setting forth assets, liabilities, income, and operating expenses as of the end of the fiscal year is contained in the 2016 Collier County Comprehensive Annual Financial Report(CAFR)that is on file with the Collier County Clerk of Courts(3299 Tamiami Trail East, Ste.401, Naples FL Thank you for your business. Our commitment to a quality product includes the advertising in our publications. As such,Gannett reserves the right to cat- egorize,edit and refuse certain classified ads.Your satisfaction is important. If you notice errors in your ad,please notify the classified department immedi- ately so that we can make corrections before the second print date. The number to call is 239-263-4700. Allowance may not be made for errors reported past the second print date.The Naples Daily News may not issue refunds for classified advertising purchased in a package rate;ads purchased on the open rate may be pro-rated for the remaining full days for which the ad did not run. 161181 Martha S. Vergara From: ForesterDebrah <Debrah.Forester@colliercountyfl.gov> Sent: Tuesday, March 13, 2018 12:35 PM To: Martha S.Vergara; BelpedioJennifer; NeetVirginia; GarciaShirley Subject: RE: Re-revised ad proof Thank you very much! Best Regards, Debrah Forester Office: 239-331-3266 Ce11:239-285-8270 From: Martha S. Vergara [mailto:Martha.Vergara@collierclerk.com] Sent:Tuesday, March 13, 2018 12:23 PM To: BelpedioJennifer<Jennifer.Belpedio@colliercountyfl.gov>; NeetVirginia <Virginia.Neet@colliercountyfl.gov>; GarciaShirley<Shirley.Garcia@colliercountyfl.gov>; ForesterDebrah <Debrah.Forester@colliercountyfl.gov> Subject: Re-revised ad proof Importance: High Hello All, Remember, this ad proof was approved previously. Here is it again after approval with changes. Martha Please visit us on the web at www.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. 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 161181 apLr., .4apirs B1aiL rw& 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.# BAYSHORE GATEWAY CRA 1948841 COLLIER COUNTY COMMU Pub Dates March 28, 2018 '''' (i,taht tWa/1 /7 (Sign ture of affiant) ,, ._----.—___sem`♦ I ";;;'+, KAROLEKANGAS + `' ,:. Notary IC-StateofFlorlda Sworn to and subscribed before me ,. Commission rGG 724041 This March 28,2018 r . MyComm,E Po-esJmz9,2021 w 1 ° `,. Bonded through NalbnatNotaryAssn 1 \- aste4 f q Ck/Aer (Signature of affiant) 280 / WEDNESDAY,MARCH 28,2018 1 NAPLES DAILY NEWS ,,,,, , ,‘erme,rtr :: 161181 Automobiles for Sale Notice To Geditors '' CLASSIFIED 2816 CADILLAC SRX IN THE CIRCUIT COURT OF site Building G 3317 Tam L xury:FWD,NAV,Loaded, THE 20th JUDICIAL CIRCUIT Trail East NaI FL for this DWIGHTt BROCK Warr;BL/uGy7ln�t,IBK mi; IN AND FOR COLLIER COUNTY, licltation.P Prospect lye CLERK OF THE CIRCUIT COURT 8&. FLORIDA bidders IVISIONmust register on CONTACT' 2015 Lexus R:350,FWD,Gd/ CASE NNO.PRO611-218-CP-000667 bltlsys c ws(b,d cT,.vore/on Deputy Clerk ie kford Rutherford ■ r to int,17k m1528,R y regVenistered,interested t Pa ties Marc tater] IN RE THE ESTATE OFMarch T 14 21.28,2018 •,„.,,,.-„..�,.,., 2005 Lexus E5330,Ex cond, may obtain complete set of No.L935153 70K mi,BK/bk int 57,800 JOHN P.PEARL, documents t haps;//www. ._...._ _..._. b dsynecom/b d yncices/ There's f All Cln Car Fax,warrty Deceased. March 28.2018 N.1970381 i here's n0 place Placing Ydsrt:FColl or veLlC.com NOTICE TO CREDITORS C((((jjj��/0 /��/•(�/”-('a (�-■(j /Ay Call or text Notice is hereby March 28, 2018;Collier County hereby like...here! ion M9.ME lJF/60 t.fi 1 1 RiDOWNEREARL7�5HA SERVICE T Gearl,the dEstatedo(Cash.CONY. given that the azNo. str cion of"Ma co I lafor the nd Real Estate / RECORDS,26K MI.THIS CAR 11-2018-CP-000667 0001-XX), CC CD ReCount en ldcated IS LIKE NEW,INSIDE&OUT. whose date of death was n'sealed County,noncei for has never been easier! $256 (518)569-8S69. January 11, 2018, s now Sealed Dids to be ryc RWt pending n the Circuit Court no later than Monderill of Collier County, Florida, 30,2018 at MOOPM local time. �„eaa;,„.E eMegZ' Probate Division,the address Anon-mandatory pre-bid is ONLINE of which is 3315 Tamiami Trail scheduled for Monday.April 2004 MERCEDES-BENZ SE 5009 2018 at 10:00AM local time. Pristine,Whhe,62kmi,All 3411,-532e 102,Naples,Florida prospective bidders must 1oca, eds naplesnews.eom/classifieds Pristine, ,Whiires,NewABC 34112-5324. Bster on htyytps://www. Pump,516,00 (239)384-9759 All Svcs tl The name and clicking on N00,1 9isteredY NOTICE OF APPLICATION FOR FAX address of the personal Once registered, interested TAX DEED 2008 AUDI A4 CONVERTIBLE representative, personal Pnz re istelemacompletm (239)263 4708 5GIVEN 52K mi New Ties,Blue/TVooth representative's representative wwv.bdsync.com/bidsync-• thatICE IS HACK LIVING TRUST, $11,300.(239)331-2996 resident agent are set forth wbawvw.bidsync.com/bidsync-• OR VIRGINIA HACK EMAIL - 2806 MERCEDES-BENZ SL600 below: March 28,2018 No.1968865 TTEES holder of the following Retractable Hard Topp,Con- Personal ReVre entative: tax certificate has filed said ndnclassifieds@naplesnews.com vertib1e,36km1.$22,000ca11 Commal11 stComa a csrnificatefor tax deedtohe (502)376-6093 division of Commerce B Bank Tax Deed A lication issued thereon, Certificate Please be sure to include your name,address and daytime 2080 BENTLEY GT SPELL 416 Main Street umber, year of issuance, phone number.We will call you to confirm receipt of ad. Sapphire color.35,000 mi. Peoria,Illinois 61602 NOTICE OF APPLICATION FOR name iniwhich f assessed Is as Esc!$64,000(716)880-6374 TAX DEED follows: PHONE - 2010Bentiey Continental GTC Attorney for Personal NOTICE IS HEREBY GIVEN Anthracite color/Portland RRpoertC Halle. that HACK LIVING TRUST, Certificate Number:11-4496 General Classified and Real Estate Int,cross stitching to seats./ Miller,Ha&Triggs,LIC MARVIN OR VIRGINIA HACK property IDA:.40010280003 e h ing 95kieidSRP emblem,230,345 416 Main Street,Suite 1125 tax certTEES holder has filed said 239-263-4700 asking 95k(419)556.6072 Peoria,Illinois 61602 certificate for tax deed to be Description: GOLDEN GATE TR 2017 BMW 640M Sport Pko Resident Agent for Personal issued thereon. Certificate 26,LESTS 600FT EFORTR/W ------ RECRUITMENT------- 9K miles;White&black Representative: number, year of issuance, said property being in Collier convertible top.580,000.obo William F.Brock description of property,and County,Florida. 844-452-4842 (239)2984656 Bears Paw Trail name in which assessed is as 2013 MERCEDES-BENZ C300 Naples,Florida 34105 Name in which assessed: Gray/black, 57K mi. g d Certificate Number:11-4332 JUAN ALBERTO ALVAREZ EMAIL -- cond.$16,000(484)-d6T-1507 All creditors of the JUAN CARLOS ALVAREZ decedent and other persons LEXUS SC 400-1982. having claims or demands Property ID#:39770960003 Unless the property described naplesjobs@gannett.eom sking)odcond.122Kmi, anainstthe decedent's estate Descri�tion: GOLDEN GATE in said certificate shall be Asking$3,900.(847)924-6117. 0 whom a copy of this Notice t EST UNIT6IN 75FT OFTR 12.0 redeemed according to law, is required to be served must the property will er sold to MAIL - - rile their claims with the 993PG 459 said Vor,a. ing the highest bidder at the Circuit Courtof COUier Count, in Cdher County,Flordya. Naples News Classified Dept. '04 JEEP GRAND CHEROKEE Ltd Guilder County Administration pFloridare, Probate Division Name do which assessed: Building 7th Floor,Room 711 Overland,White,130,500 mi. WITHIN 30 DAYS AFTER THE HARRY M&PAULINE WARE at 1:00 P.M.on Monday,April 1100 Immokalee Rd. V8,one owner,good condi- DATE OF SERVICE OF THIS 16,2018. tion.$5,500.(239)-776-0291 NOTICE. Unless the property described Naples,FLy 34110 A.07 CADILLAC ESCALADE All other creditors in said certificate shall be 2D01A this 7th day of February, 75K mi.Pearl white/tan Math- of the decedent and other redeemed y corddn9 to law, cc,loaded.Mint condition. persons having (aims [he hihest bidder atldthe DWIGHT E.BROCK 518,900.obo 1239)777-6061 r demands against the CLERK OF THE CIRCUIT COURT PUBLISHER OF: decedent's estate must file a llier County Administration their claims with the Circuit Building 7th Floor,Room 711 130./5/Donna Rutherford MOtOfCyC}ES/Mopeds Court of Collier County,Flonda, at 1:00 P.M,on Monday.April Deputy Clerk OW AERO 750 Probate Division WITHIN 3 16.2018'' Donna Rutherford DailyNews 115HONDA ml)extras,m MONTHS AFTER THE DATE OF Dated this day of February, (Seal) (..-(m""*(. "'� THE FIRST PUBLICATION OF March 7,14,21,28,2018 cond.$3,650(586)372-0903 THIS NOTICE. 2018, No.1935163 COMMUNITY PAPERS - bEEmmy The date f first DWIGHT E.BROCK 1(OOCE OF APPLICATION FOR publication of this Notice is CLERK OF THE CIRCUIT COURT TAX DEED the banner 2g5DODGE GRAND anwithCARAVAN llarch28,2018. BY;/s/Donna Rutherford NOTICE IS HEREBY GIVEN Wheelchair Van with 10"lowered floor,ramp& ALL CREDITORS Deputy Clerk that HACK LIVING TRUST, ---------- EMAIL tie downs.(239)494-8267 MUST FILE CLAIMS AGAINST Donna Rutherford MARVIN OR VIRGINIA HACK PLYMOUTH GRAND Caravan THE DECEDENT'S ESTATE sIarch 7,14,21,28,2018 ax certificate TTEES has of efiled said collier citizen 1998. Higgh mileage good WITH THE CIRCUIT COURT OF A, No.1935128 certificate for tax deed to be cond.$1,900.239-571 X6996. COLLIER COUNTY. FLORIDA, issued thereon- Certificate PROBATE DIVISION DURING .....-.....!.......!•••!.... _m`_�...r�'~ NOTICE OF APPLICATION FOR umber, year of Issuance. � F ORI TIIO PR733.702 OF OBATE CODE TAX DEED description of property,and name in which assessed is as , IS HEREBY GIVEN follows: areo eagle leertIbIe.LgurgunAC nddy.white top L Com. conBARRED.SUCH CLAIMS SHALL BE tthhat HAVIN K LIVING TRUST, HACK Certificate Number.11-4609 $1000.1 710-98.73st see. TTEES holder of the following $47,000.(239)-398-0739 By:E.Ann Gallic tax certificate has filed said Property ID#4B30096t1804 w IN PARTNERSHIP WOK 1993 FORD MUSTANG Vice President, Commerce certificate for tax deed to be to CONVERTIBLE White/Red 7mst Company a dipesrso of issued thereon. Certificate EST U Rion: GOLDEN GATE ♦ interior,4001 automatic, Commerce Bank, Personal umber, year of issuance, EST UNIT 70 W 75FT OR TR 94, New AC,88kmd.$3500 call Representative description of property,and said property being in Collier Naples Daily News (139)784-6602 March 28.April 4.2No. name in which assessed is as County,Florida. No.1968809 follows: 59 Red white t CONack int, Named ALAOOsessetl: Red white top,Black int, public Notices Certificate Number:11-4334 RACHID M ALAOUI P5,4sPd.$55,80 call DEALIN ES (219)730-3075 COLLIER COUNTY Property l0#:3971184009 Unless the property described COMMENITY re said eaccordi shall be REDEVELOPMENT AGENCY Description: GOLDEN GATE redeemed cording to law, Naples Daily News EST UNI7 61 N 75FT pF TR 18 the property ill be sold to AA.TOP DOLLAR Muscle for 1n163.356(3)(c), Florida said py perty being m Collier the highest bidder at the Cassia Can,(2322'3000 Count.Florida. Collier 7thhty Floor, Administration d Spoils Can.(239)221-3000 Statutes, the Bayshore Building Floor,Room 711 Tuesday-Saturday Editions ABSOLUTELY ALL AUT05- Gateway Triangle CRA and Hameln which assessed: at 1:00 P.M.on Monday,April Immokalee CRA 2017 Annual A V ROBERTSON LIVING TRUST I6,2018. Wanted!Dead or Alive Top$ Re rts have been filed with 2PM,one day prior FREE PICK UPI 239-265.6140 Collier County and the report Unless the property described Dated this 12th day of CORVETTES WANTED is available for inspection in said certificate shall be February,2018. Top dollar.Cash today.Call during business hours in the redeemed according to law, Sunday and Monday Editions 941-809-3660 or 941-923-3421 office of the er County Clerk,as well as inbthe offices the property will be sold to DWIGHT E.BROCK the bidder at the STEARNS MOTORS of the Bayshore/Gateway Collier Counity Administration CLERK OF THE CIRCUIT COURT 5PM Friday MOST TRUSTED Triangle CRA(3570 Bayshore Building 7th Floor.Room 711 BY:ls Donna Rutherford MOST Since 1977. anve,Und#102,Naples,FL; at 1:00 P.M.on Monday,April Deputy Clerk All Vehicles wanted and the Immokalee CRA(750 Career 16,2018- Donna Rutherford Rod or Jim(239)774-7360 South Fifth Street, Career (Seal) Source Southwest Florida Dated this 7th day of February. March 7.14,2L 28,2018 Free Merchandise Ads WE BUY CARS,TRUCKS,SUVs, Building, Immokalee, FL 2018, No.1930175 Etc.Anything from$1,000 34142), We offer FREE classified ads fornoee-commercial thru $100.00 Please call c items$100 or less(the price must appear in the sem(239)5954oz1 information inactivities for PubktC NoBces Public Notices ad),1 free ad week,ads are 3 lines,run for 7 fiscal year 2017.A complete Notice of Per � financial statement setting Naples low Council Meeting days,and the Nem will run one time asafree ad. forth assets liabilities, TheChamber,735listedEighth ig th Street beheld in the City Council These ads are not processed by phone. _....4 income, and operating Chamben735etin-Wed,44/18- 000,lorfda. the fiscal as of the end of Regular d meeting Wed., is available 30 a.m. E-mail classad��naplesnews.com or mail to: the he 2 year II r County Agenda and s Oft ce packet is 239-213-from:15 Personals the 2017 Collier County City Clerk's Office,City Hall,les 213 1015 Free Ads 11001mmokalee Road Naples,FL 34110. in tial Report Annual City website,httNOTICE naplesgov.com ST./UDE,THANK YOU Financial with (oAer)County Formal action may NOTICY FOR ANSWERING ALL MY on file f s Collier County y be taken de tem o discussedpealor s to '+ PRAYERS. JEANNE B. Clerkolloft,Courts(01. aples i this amade y the Any ounce who decides to matt any decisioner Trail East,Ste.403.Naples FL made by the City Council with respect re any matter considered Real Sale By 34112). at this meeting(or hearing)will need a recorddthe proceedings Real Estate For Sale and may need toensure ordin ludesthetestimonyand evidence nceep1 Owner This 28th day of March 2018. which t,a apph I is t be heard.Any person withia disabpon Special—$19P� quirtheappeIistobeh d Anypersonwithadi5abilnt T' 7 Collier County Community 9 au I YY ids and s for this meeting at l may Redevelopment Agency, theCity Clerk's Office at 1131015 with requests at least two Nine line ad,14 days in Naples Daily • Submitted by: business days before the meeting d te. Debrah Forester, foe the P b,March 28 2018 No.1964609 News,all community publications, NOTICE OF INTENT TO MeColdich 28 ,2018 er CRA rd No.1948841 Auction/Public Sate wzrzeop Na (esNews.com and Topads. REGISTER FICTITIOUS NAME P p NOTICE OF ACTION Request for Bids Extra Space Storage will hold a public auction to sell personal Notice Under Fictitious Name Property described below belonging to those individuals listed Law Pursuant to Section Collier County hereby below at the location indicated: POLICY Naples Daily News reserves the right mcorrectly 865.09, Florida NOTICE IS HEREBY GIVEN that rt 2018 Bid No.o No.18-7329 for tn March he 571 Airport Rd.N.Naples FL 34104 Phone:239'643-5113 classify and edit all copy or to reject or cancel any the undersigned,Paul Fade construction of the Building Auction date:4/11/2018 Time:3:30 PM advertisement et any time.Allads placed 6y phoneme desiring to engage do business GANe 0ions Project located rider the fictitious name of in Collier County,Florida,for lames Poulin Tools&Household goods read backtothe advertiser at the time of placement,e-mail Pressure Washing by Paul, sealed bids to be received Rebecca Pinkston Householdoods verification provided to advertisers who provide e-mail located at 24400 S.Tamiami o later than May 02,2018 at Maxwell Newbold Household goods Trl Lot 85,in the County of LEE, 310 p.m-local time.A non- Darko Profit Household goods addresses.Only standard abbreviations are accepted.Classified in CITY Bonita Springs,Florida mandatory pre-bid meeting Daniel Gonzales Household goods ads are )d unless redia lis established. 34134,intends to register the will be held on A 11th at Ashleigh Bryant Household goods PrrW prior approval said name with the Division 10:00 a.m.at Coll County Michael Beep Household goods f Corporations of the Procurement Services, Corrections:Pkase<heckyourad(ore oe the first day it of Department of State, Budding C-2,Meeting Room Purchases must be made with cash only and paid at he above Tallahassee,Florida- A,3295 Tamiami Trail East, referenced facility in order to complete the transaction.Extra appears.Naples Daily News will not beresponsIblefor inconect Dated at Naples, Florida, Naples FL local time.A non- Space Storage may refuse any bid and may rescind any purchase ads akeerhefirstda of publication. January 22,2017 mandatory site visit 11 p until the winning bidder takes possession of the personal Y W Pressure Washing by Paul follow immediately after the property. March 28.2018 No.1899511 pre-hid meeting at the Project March 218,28,2018 No.1960998 16 1 B 2 Steven R Jaffe Chairperson Jeffrey M Wank Vice Chairperson EGAL Sherylle Francis AID - Secretary Arnold Nazur Treasurer SERVICE OF BROWARD COUNTY Margaret McMorrow Past Chairperson Anthony J.Karrat Executive Director April 27,2018 Office of the County Attorney Ms. Debby Allen 3299 Tamiami Trail East Suite 800 Naples,FL 34112 Dear Ms. Allen: tudldren's Services nc0 Enclosed is a copy of our Audited Financial Statements for the year ended 12/31/17. kp4 THE FLORIDA BAR elle FOUNDATION r0 ) - United dak Way Caw: CO Sincerely, CA719 1‘..) Angela Palmer - FISCAL ADMINISTRATOR/CFO apalmer(&,legalaid.org Phone: 954-736-2434 3 AN.s • Enc. .14 '2=4 rt; P.O.Box 120910 Ft.Lauderdale,FL 33312-0016 e„(954)765-8950 9(954)736-2480 t.rt 4436 Tamiarra Trail East Naples,FL 34112 (239)775-4555 1400 N.15th Street State 201 mmekalee, 491 N.State Rd. 7 Plantation, FL 33317 iFL 34142 (239)657-7442 www.browardlegalaid.org 1611B2 Legal Aid Service of Broward County, Inc, Financial Statements and Additional Information For the Year Ended December 31,2017 1r ' ✓ %r ,440 toiw 140, 440, %d 1 6 1 B 2 ame Legal Aid Service of Broward County,Inc. Table of Contents Independent Auditor's Report 1-2 1.•• Financial Statements Statement of Financial Position 3 Statement of Activities 4 %re Statement of Functional Expenses 5 Statement of Cash Flows 6 Notes to Financial Statements 7-15 Supplemental Information Schedule of Expenditures of Federal Awards 16-17 Notes to the Schedule of Expenditures of Federal Awards 18 Schedule of Support, Revenues and Expenses by Fund 19 *kw Internal Controls and Compliance Independent Auditor's Report on Internal Control Over Financial Reporting *me and on Compliance and Other Matters Based on an Audit of Financial wkbe Statements Performed in Accordance with Government Auditing Standards 20-21 Independent Auditor's Report on Compliance for Each Major Program and on Internal Control Over Compliance Required by the Uniform Guidance 22-23 Schedule of Findings and Questioned Costs 24 Independent Auditor's Report on Compliance with Requirements Applicable to the Broward County Filing Fees Contract Under Article V, Paragraph 5.1 25 law %ow 460 *NO tgla/ **10 %OW Nine ‘ter. '4e.` 1 6 1 1 B 2 Keefe McCullough CPA's+Trusted Advisors INDEPENDENT AUDITOR'S REPORT To the Board of Directors Legal Aid Service of Broward County, Inc. Plantation, Florida Report on the Financial Statements sme We have audited the accompanying financial statements of Legal Aid Service of Broward County, Inc. (a nonprofit organization) (the "Organization") which comprise the statement of financial position as of December 31, 2017,and the related statements of activities,functional expenses and cash flows for the year then ended,and the related notes to the financial statements. Management's Responsibility for the Financial Statements 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 'Noy error. Auditor's Responsibility Our responsibility is to express an opinion 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 auditor's judgment, including the %we assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers 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 %kr 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. *40, We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. .46# KMCcpa.com I 6550 N Federal Hwy.4th Floor Fort Lauderdale,FL 33308 Phone 95477L0896 Fax 954 938 9353 1 ��4N � � �� ' �� Legal Aid Service of Broward County, Inc. Opinion In our opinion, the financial statements referred to above present fairlyin all material respects, the financial position of the Organization as of December 31, 2017,and the changes in its net assets and its cash flows for the year then ended in accordance with accounting principles generally accepted in the United States of America. Report on Summarized Comparative Information We have previously audited the Organization's 2016 financial statements, and we expressed an unmodified audit opinion on those audited financial statements in our report dated April 18, 2027. In our opinion, the summarized comparative information presented herein as of and for the year ended December 31, 2017, is consistent, in all material respects, with the audited financial statements from which it has been derived ' Other Matters — Other Information Our audit was conducted for the purpose mfforming anopinion onthe financial statements aoawhole. ~� The accompanying Schedule of Expenditures of Federal Awards, as required by Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit +we Requirements of Federal Awards, is presented for purposes of additional ad is not a required part of the financial statements. Further, the accompanying Schedule of Support, Revenues and Expenses by Fund is also presented for purf additional analysis and is not a required part of the financial statements. Such information is the responsibility ofnnanagernentand xvasderived fnomn and �~ relates directly to the underlyiunting and other records used to prepare the financial statements. The information has been subjected to the auditing procedures applied in the audit of the financial statennemtsand certain additional procedures, including mmnmparingand reconcilinginformation directly to the underlying accounting and other records used to prethe financial statements or to the financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the information is fairly stated, in all material respectsin relation to the financial statements as a whole. =~ Other Reporting Required by Government Auditing Standards In accordance with GovernmentAuditing Standards,we have also issued our report dated April 17,2018, %se on our consideration of the Organization's internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts d grant agreements and other matters. The purpose of that report is solely to describe the scope of our testing of internal control over financial reportiand compliance and the results of that testing,and not to provide an opinion on the effectiveness of the Organization's internal control over financial reporting or on compliance. That report is an integral part of an audit performedinaccmndamcexvith Government Auditing Standards in considering the Organization's internal control over financial reporting and compliance. � �/ f' ~/VFz / '��' im/ KEEFE McCULLOUGH Fort Lauderdale, Florida April 17, 2018 2 16I1B ftoo FINANCIAL STATEMENTS Ifitgo 1611 B Legal Aid Service of Broward County, Inc. Statement of Financial Position December 31,2017 (with comparative totals for December 31,2016) 2017 2016 Assets: Cash and cash equivalents $ 1,800,856 $ 1,606,623 Now Investments 44,801 46,025 Contract and grant receivables 699,733 746,412 Now Promises to give 663,698 633,995 Prepaid expenses 68,082 47,500 Property and equipment, net 3,549,842 3,675,514 Client escrow funds 26,052 15,329 Deposits and other assets 736 1,436 Now Total assets $ 6,853,800 $ 6,772,834 Liabilities: Now Accounts payable 83,072 114,934 Accrued expenses 453,500 431,690 Deferred revenue 300,751 357,473 %ow Client trust deposits 26,052 15,329 Debt, less unamortized loan costs 2,444,244 2,508,023 Now Total liabilities 3,307,619 3,427,449 %low Net Assets: Unrestricted 2,796,279 2,535,557 Temporarily restricted 749,902 809,828 Total net assets 3,546,181 3,345,385 *ow, Total liabilities and net assets $ 6,853,800 $ 6,772,834 Nor NM, *NW 416r. **No 'WOW %MI NNW The accompanying notes to financial statements are an integral part of these statements. Now 3 vow Nor, w 1611B2 Nipt Legal Aid Service of Broward County, Inc. Statement of Activities . .= For the Year Ended December 31,2017 ... (with comparative totals for December 31,2016) Temporarily Total Total *.. Unrestricted Restricted 2017 2016 Change in Net Assets: Revenues and public support: Contracts and grants $ 5,501,350 $ 945,122 $ 6,446,472 $ 5,628,520 Donated services 1,587,444 - 1,587,444 1,198,000 Contributions 278,956 - 278,956 326,030 ,,,; Investment income (loss) 3,116 - 3,116 16,693 Special event revenue 188,855 - 188,855 158,498 `" Expense recovery from CCLA 427,059 - 427,059 392,615 Other income 312,822 - 312,822 206,813 Net assets released from restrictions 1,005,048 (1,005,048) - - Total revenues and public support 9,304,650 (59,926) 9,244,724 7,927,169 ti. Expenses: %ft, Program services 8,236,825 - 8,236,825 7,288,265 Supporting services: Management and general 672,353 - 672,353 669,044 Fundraising 134,750 - 134,750 63,490 46, Total expenses 9,043,928 - 9,043,928 8,020,799 Change in net assets 260,722 (59,926) 200,796 (93,630) \ ,,,': Net Assets,January 1 2,535,557 809,828 3,345,385 3,439,015 Net Assets,December 31 $ 2,796,279 $ 749,902 $ 3,546,181 $ 3,345,385 Ike y. The accompanying notes to financial statements are an integral part of these statements. N.... +w 4 161162 ,, Legal Aid Service of Broward County, Inc. Ai Statement of Functional Expenses For the Year Ended December 31, 2017 (with comparative totals for December 31, 2016) %i.. Supporting Services Program Management Total Total Services and General Fundraising 2017 2016 NorPersonnel Costs: Salaries and wages: Lawyers $ 2,678,613 $ 231,294 $ - $ 2,909,907 $ 2,531,396 Nos Paralegals 899,468 74,889 - 974,357 1,026,777 ,,,- Other staff 938,517 83,818 - 1,022,335 953,187 Employee benefits and payroll taxes 1,092,446 92,8041,185,250 1,056,172 `r Total personnel costs 5,609,044 482,805 - 6,091,849 5,567,532 '`+ Other Expenses: Now Donated services 1,587,444 - - 1,587,444 1,198,000 Space and occupancy 167,067 14,426 - 181,493 179,042 Special events - - 134,750 134,750 63,490 Now Interest expense 108,698 9,386 - 118,084 121,370 Contract services 48,293 63,698 - 111,991 55,000 Equipment rental and maintenance 83,014 17,435 - 100,449 116,809 y,, Grant to subrecipient 85,264 - - 85,264 86,069 Telephone 58,680 25,149 - 83,829 67,610 - Supplies 53,084 22,751 - 75,835 72,384 Insurance 62,183 5,369 - 67,552 77,824 Library and subscriptions 59,607 - - 59,607 98,512 sw Training and recruitment 52,294 - - 52,294 26,827 Client litigation costs 51,058 - - 51,058 49,045 Nue Travel 37,811 3,265 - 41,076 33,782 Postage 19,936 8,544 - 28,480 28,402 Other operating expenses 22,803 - - 22,803 30,792 Advertising8,253 - 8,253 6,751 Total expenses before _ provision for depreciation 8,106,280 661,081 134,750 8,902,111 7,879,241 Provision for depreciation 130,545 11,272 - 141,817 141,558 w *Ai Total expenses $ 8,236,825 $ 672,353 $ 134,750 $ 9,043,928 $ 8,020,799 Noie Noe The accompanying notes to financial statements are an integral part of these statements. S Nihw 1 6 I 1 B 2 ,..... Legal Aid Service of Broward County, Inc. ,..,•, Statement of Cash Flows 4.- For the Year Ended December 31,2017 (with comparative totals for December 31,2016) ,,,... ‘,... 2017 2016 ii110, Cash Flows from Operating Activities: ,.,..,, Change in net assets $ 200,796 $ (93,630) Adjustments to reconcile change in net assets to net cash provided by(used in)operating activities: ..... Provision for depreciation 141,817 141,558 '4,.... Provision for amortization of debt issuance costs 2,982 2,982 Unrealized (gains) losses on investments 1,224 (16,806) ,,..., (Increase)decrease in assets: liwir Contract and grant receivables 46,679 (247,416) Prepaid expenses (20,582) 8,641 -4,-. Promises to give (29,703) 41,046 'kive Client escrow funds (10,723) 3,609 *we Deposits and other assets 700 4,064 Increase (decrease) in liabilities: %.• Accounts payable (31,862) 24,093 *.# Accrued expenses 21,810 84,880 Deferred revenue (56,722) (481,370) %,.. Client trust deposits 10,723 (3,609) ....., Net cash provided by(used in)operating activities 277,139 (531,958) *...., •,... Cash Flows from Investing Activities: ....., Purchases of property and equipment (16,145) (33,061) .i...., Net cash provided by(used in) investing activities (16,145) (33,061) 4...., Cash Flows from Financing Activities: rf,..,. Principal payments on debt (66,761) (63,456) ....., Net cash provided by(used in)financing activities (66,761) (63,456) 440, %we Net increase (decrease)in cash and cash equivalents 194,233 (628,475) %of tow, Cash and Cash Equivalents,January 1 1,606,623 2,235,098 ...... Cash and Cash Equivalents, December 31 $ 1,800,856 $ 1,606,623 ....,,, iore Supplemental Cash Flow Information: Cash paid for interest $ 115,102 $ 118,220 %.,. ....., >...., .1.,,. The accompanying notes to financial statements are an integral part of these statements. %kr 6 ....,- %... Nt.e �� 'rer Legal Aid Service of Broward County, Inc. Notes to Financial Statements December 31,2017 (with comparative totals for December 31,2016) Note 1-Organization and Operations Legal Aid Service of Broward County, Inc. ("LAS" or the "Organization") is a nonprofit corporation organized prinnari|yfor the purpose of providing legal assistance in uncriminm| proceedings or . - matters to persons financially unable to afford legal assistance residing in Broward and Collier Counties, Florida. LAS is funded largely through grants from Broward County, a political subdivision of the State of Florida (23%and 32%of revenues in 2017 and 2016, respectively);Children's Service Council ofBroward County(11%and 0%ofrevenues in2Ol7and 201G, r*sp*ctiv |y);the Florida Bar 4%00 Foundodon (66andQ%inZO17and2D16, nespective|y); LeQa|5ervices [orpmradon /'LSC"\ ( 3%and 4% of revenues through a subgrant from Coast to Coast Legal Aid ofSouthF|o,ida, Inc. ("CCLA") in 2017 and 2016, respectively); and grants and contracts from other entities. A significant reduction in the level of support from the above entities, if this were to occur, could have a material effect on •44.0, the Organization's activities. •fte Note 2-Summary of Significant Accounting Policies = Basis of presentation: Financial statement presentation follows the recommendations of the Financial Accounting Standards Board inits Accounting Standards Codification(AS[\No.9S8No�fb/~ +.0Pnn�tEnb�es. Under ASC No. 9S8' the Organization iorequired toreport information regarding its financial position and activities according to three classes of net assets: unrestricted net assets fte temporarily restricted net assets, and permanently restricted net assets. ' Reclassifications: Certain accounts in the prior year financial statements have been reclassified to tikw conform with the presentation in the current year financial statements. Restricted and unrestricted revenue and support: Contributions received are recorded as unrestricted, temporarily restricted, or permanently restricted support, depending on the existence and/or nature of any donor restrictions. Noncash contributions are recorded at their estimated fair value on the date received. Support that is restricted by the donor is reported as an increase in unrestricted net assets if the restriction expires in the reporting period in which the support is recognized. All other donor- restricted support is reported as an increase in temporarily orpermnanet|ymestricted net assets, depending on the nature of the restriction. When a restriction expires (that is, when a stipulated time restriction ends or pusth Uon is accomplished), tennpora�ky restricted net assets are reclassified to unrestricted net assets and reported in the statement of activities as net assets released from restrictions. As of the years ended December 31, 2017 and 2016, the Organization had temporarily restricted net assets of $ 749,902 and $ 809,828, respectively, designated for program services. The Organization had no permanently restricted net assets as of December 31, 2017 and 2016. Cash and cash equivalents: The Organization considers all highly liquid investments, for general operating purposes, with a maturity date of three months or less at date of purchase to be cash equivalents. At times during the year,the Organization maintains balances with financial institutions which may exceed the federally insured limit of $ 250,000. At December 31, 2017 and 2016, the Organization's uninsured cash balances were approximately$ 830,000 and $ 818'000, respectively. The Organization has not experienced any losses onsuch accounts and does not feel itiseupmsed�m '4410 any significant risk vvithrespect tncash and cash equivalents. exposed 7 Nwe �� 0� � � �� , � a|A��of@�wand Inc. � Notes toFinancial Statements December 31,2017 (with comparative totals for December 31, 2016) Note 2-Summary of Significant Accounting Policies(continued) ` ^ InwestnmemKs: Investments primarily consist of equity securities. Investments are stated at their fair value. Unrealized gains and losses in fair value are recognized and are included in the accompanying %re Statement of Activities. Contract and grant receivables: Contract and grant receivables consist of amounts due from government agencies and private donors, based on the terms of the related grant agreements. Management believes the amounts reported in the current year are collectable in the subsequent year. Promises to give Unconditional promises to give are recognized as revenues or gains in the period received and as assets, decreases of liabilities, or expenses depending on the form of the benefits received. Conditional promises to give are recognized when the conditions on which they depend are substantially met and the promises become unconditional. Unconditional promises to give restricted for future operations amounted to$ 663,698 and$ 633,995 as of December 31, 2017 and 2016, respectively. Prepaid expenses and deposits and other assets: Certain payments to vendors reflect costs applicable to future accounting periods and are recorded as prepaid expenses. Deposits and other assets primarily include security and utility deposits. '1%0 Property and equipment: Property and equipment are recorded at cost if purchased or, if donated, at estimated fair value on the date of donation, less accumulated depreciation. In accordance with the Organization's policy, capitalization of assets is done only when the cost of a single item or aggregate purchase exceeds $ 1,000. The Organization follows the policy of providing for depreciation using the straight-line method over te estimated useful life of each type of asset which Nu, is as follows: Buildings and improvements 10-39 years Furniture and equipment 3'15 years Law library 3 years Property and equipment acquired with certain funds are considered to be restricted while used in the program. Therefore, contributions for these assets are reported as temporarily restricted support and expire over the useful lives of the assets, Contributions for assets without donor . donor- imposed restrictions are reported as unrestricted support. Several of the grantees -- - �ranrees rete/n a reversionary interest in property and equipment purchased with their grants. Client escrow funds/Client trust deposits: Represent funds received from or on behalf of clients and are held in a separately designated bank account. These funds are not the property of the Organization and the cash in this account is reported as both an asset and a liability on the Statement of Financial Position. Deferred revenue: Contract and grant revenue that is not recognized because the allowable costs ~_ as defined by the individual contract or grant have not been incurred and/or the units of service have �~ not been rendered is considered deferred revenue. 8 � � � � �� U� � � �� ~~ � Legal Aid Service of Broward County,Inc. Notes to Financial Statements December 31,2017 (with comparative totals for December 31,2016) Note 2-Summary of Significant Accounting Policies(continued) � ~~ Donated materials and services: Donated equipment and materials are recorded as support at their estimated fair value when received. Such contributions are reported as increases in unrestricted net assets unless the donor has restricted the donated asset to a specific purpose. Assets donated with ifte explicit restrictions regarding their use and contributions of cash that must be used to acquire property and equipment are reported as restricted support. Absent donor stipulations regarding 44.0 how long those donated assets must be maintained, the Organization reports expirations of donor restrictions when the donated or acquired assets are placed in service as instructed by the donor. The Organization reclassifies temporarily restricted net assets to unrestricted net assets at that time. A substantial number of unpaid volunteers have made significant contributions oftheir time and services in relation to the Organization's Pro-Bono program which would have been purchased if not provided by contribution. During the years ended December 31, 2017 and 2016, the Organization . r recorded donated services of$ 1,587,444 and$ 1,198,000, respectively. Income taxes: The Organization is exempt from federal Income taxes under Section 501(c)(3)of the 140, Internal Revenue Code. However, income from certain activities not directly related to the Organization's tax-exempt purpose may be subject to taxation as unrelated business income. The Organization believes that it has appropriate support for any tax positions taken, and as such, does not have any uncertain tax positions that are material to the financial statements. The Organization's federal Returns of Organization Exempt from Income Tax (Forms 990) for 2014 through 2017 are kd suecttoexam|nat|onbythe |RS. Functional expenses TheOrganization has a number of programs(funds)and maintains accounting records separately for each of them. Expenses incurred are charged to each program(fund)for direct expenditures incurred. In some cases, common expenses are incurred which support the work performed under more than one program. Such expenses are allocated between funding sources as agreed upon by these funding organizations, or in the absence of an agreement, on a reasonable basis as determined by management. Use of estimates: The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Summarized prior year information: The financial statements include summarized comparative information from the prior year, which is not presented by net asset type and functional expense classification and does not include sufficient detail to conform with generally accepted accounting principles. This information should be read in conjunction with the Organization's financial statements for the year ended December 31, 2016, from which the comparative information was extracted. Date of management review: Subsequent events were evaluated by management through April 17, 2018, which is the date the financial statements were available for issuance. Nese Niue 9 U�� @ � �� K � � � Legal Aid Service of Broward County, Inc. Notes to Financial Statements December 31,2017 �~ (with comparative totals for December 31,2016) 14101 Note 3-Fair Value Measurements In accordance with the Financial Accounting Standards Board in its Accounting Standards Codification (AS[\ No.82O,Fo�Value KVeosunennentsand Q�cAosur*s,the O ization provides certain required disclosures. ASC No. 830 establishes a fair value hierarchy that prioritizes inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted �~ prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest Nre priority to measurements involving significant unobservable inputs(Level 3 measurements). The three levels of the fair value hierarchy are as follows: - � * Level 1 inputs are quoted prices(unadjusted)in active markets for identical Ai" investments that the Organization has the ability to access at the measurement date. sow • Level 2 inputs are other than quoted prices included within Level 1 that are observable for the investments, either directly or indirectly (e.g. quoted prices in actual markets for similar securities, securities valuations based on commonly quoted benchmarks, interest rates and yield curves, and/or securities indices). • Level 3 inputs that are unobservable for the investments(e.g. information about assumptions,including risk,market participants would use in pricing a security). Fair value of actively traded debt and equity securities are based on quoted market prices. All of the Organization's investments consist of equities with readily determinable fair values(Level 1). There were no assets subject to Level 2 or Level 3 fair value measurements at December 31,2017 and 2016. Note 4-Property and Equipment Property and equipment consist of the following at December 31, 2017 and 2016: v1/4,0 2017 2016 14se Building and improvements $ 3,683,362 $ 3,667,217 Nkve Furniture and equipment 837,890 837,890 Law library 7,231 7,231 4,528,483 4,512,338 Less accumulated depreciation 1'778,641 1,636'824 2749Q4Z Z8�� *awe ' ' ' 'S14 Land 800,000 800^000 Total $ 3'549'842 $ 3,675,514 Depreciation expense amounted to $ 141,817 and $ 141,558 for December 31, 2017 and 2016, respectively. 10 *4.y ~~ v+ 1 �� i� � � � _' Legal Aid Service of Broward County, Inc. Notes to Financial Statements — December 31,2017 ~ (with comparative totals for December 31,2016) - / �� Note 5' Debt Debt as of December 31, 2017, consists of the following: �., 4.25% monote payable to a bank, payable in monthly payments of principal and interest totaling$ 6,S43;securedbv �� a first mortgage on the Broward County property;— due to �� mature in April 2022. There were no debt issuance costs associated with this note payable at December 31, 2017. $ 1,028,568 %.,,,%.,,, ,....i. 4.75% mortgage note payable to a bank, payable in monthly payments of principal and interest totaling-� D,612'8,612;secured 4.0,4.0, afirst mortgage onthe Collier County property and asecond ,e,-, mortgage on the Broward County property; due to mature in June 2024 (Balance is presented net of unamortized debt toiw . issuance costs of$ 19,384 as of December 31, 2017). 1'415'676 i.g., %.0, $ 2,444,244 i.e. The following is a schedule of approximate principal payments required by year for the mortgage debt outstanding at December 31ID17� r,., ' � �� Year Ending Broward Collier ..., December 31, County County Total ,4... 2018 $ 35'000 $ 35,000 $ 70,000 %.,., 2O19 37,000 37,000 74'000 2030 39,000 38,000 77,000 4.— 2021 41,000 40'000 81,000 ~_ 2022 877,000 42'000 919,000 %we Thereafter - 1,243,000 1,243,000 ,..„ Total $ 1039000 $ 1,435,000 $ 3'464'800 ^� In 3017, the Organization adopted new authoritative GAAP guidance for the presentation of debt �.. issuance costs and related amortization. Debt issuance costs are now reported on the statement of — financial financia/ position as a direct deduction fromthe face amount of the related debt. Previously, such costs were shown as a deferred charge.The Organization reflects amortization of debt issuance costs -~ as interest expense, in accordance with the new guidance.These changes had no effect on previously ...^ reported net assets or change in net assets. ~ _ Note 6-Contracts and Grants = The Organization receives financial assistance from federal, state and local agencies in the form of Iv grants and contracts. The disbursement of funds received under these programs generally requires �� compliance xvithternnsand conditions specified inthe grant mgreernentsand rnaybesubiec�toaudit bythe grantor agencies.Asaresult ofsuch audits,the grantor nnayrequire that arnounts ^ereturned. N... In certain instances,the grantor may increase its grant of funds to the Organization to offset amounts audits.which would otherwise bercpayab|ebased mn �. ~~ 11 *+ 1611 B 2 v , Legal Aid Service of Broward County,Inc. Notes to Financial Statements December 31,2017 ,. (with comparative totals for December 31,2016) v Note 6-Contracts and Grants(continued) '" Contracts and grants consist of the following: Support " " Grantor 2017 2016 Broward County Filing Fees $ 1,220,000 $ 1,220,000 s,.. Children's Service Council of Broward County 1,035,262 625,251 Broward County Commission- Children's Legal Education Fund 674,150 588,936 Florida Bar Foundation * 546,500 524,945 Naples Children and Education s..., Foundation * 467,555 365,000 United Way-Broward County* 408,760 332,104 bow State of Florida Attorney General's Office 357,473 481,370 Legal Services Corporation-Pro Bono (CCLA subgrant) 268,946 261,413 Broward County-Homeless Initiative Partnership 248,152 185,101 City of Fort Lauderdale 178,846 146,582 Nave Collier County CDBG Grant 166,841 159,961 Collier County Filing Fees 164,582 106,143 Jim Moran Foundation 148,335 10,096 State of Florida, Department of Health-Ryan White Title I Grant 120,764 121,572 Taxpayer Advocate Service- LITC Grant Program 100,000 95,000 Equal Justice Works 70,410 41,021 United Way of Collier County 50,000 120,000 Legal Services of Greater Miami,Inc. 45,000 45,000 Child Net, Inc. 41,292 41,292 Community Foundation of Collier County 30,000 19,000 '" Kids In Distress,Inc. 23,481 75,476 s,,. Florida Rural Legal Services 20,956 21,486 Catholic Charities 18,000 18,000 Broward Partnership for the Homeless 12,500 5,833 `, The Mac Aids Fund 10,000 - Immokalee Non-Profit Housing, Inc. 10,000 - Women's Giving Circle of Southwest Florida 8,667 - Women in Distress of Broward County, Inc. - 17,938 Total contracts and grants $ 6,446,472 $ 5,628,520 * Amount included in temporarily restricted net assets. 1v Note 7-Related Party Transactions The Organization is related to Coast to Coast Legal Aid of South Florida,Inc.(CCLA),through common ,, board members and management. 12 '4. � ^� � � � �� LegalAidSemviommf Broward County,Inc. Notes to Financial Statements December 31,2017 (with comparative totals for December 31,2016) Note 7-Related Party Transactions(continued) The Organization leases office space and equipment and provides administrative and fiscal services to CCLA. The terms of the agreements are for one year,renewable annually. Rent and administrative services expense recovery under these agreements for 2017 amounted to winmately 219,000 and $208,000, respectively, and for 3016 amounted to approximately $219,000 and $ 173,000, respectively. Fundraising revenue and expense related to the For the Public Good event is shared between the Organization and CCLA based on the percentage of employees for each entity. The Organization's share f fud isi e expenses for For the Public Good event amounted to approximately 33,�CN] for ��1�. CCLA^sshar� ofrevenuemnd $61 ~~~ ~''d ~2nses for For the Public Good event amounted to mppronirnate|y$24,QDOand$ 1l,[0��for 2017 /nex' ��2S,C00and$ 10,000 for 2016.Approximately$ 13,000 was due to CCLA at December 31,2017 n conjunction with this event, and this amount is a component of accrued expenses in the accompanying Statement of Financial Position. The Organization receives funding from CCLA under the Legal Services Corporation grant for the Pro Bono prororn(Nwte ' Grant income received by the Organization under this subgrant amounted to approximately $269,000 and $261,000 for the years ended December 31, 2017 and 2016, respectively. Approximately$68,000 was due to LAS at December 31,2017 in coi ith this program, and this amount is a component of contract and grant receivables in the accompanying Statement of Financial Position. The Organizatioprovides - to CCLA underthe hi Title I grant. Payments made to CCLA under this subgrant amountedt ro irnate| $ 57,000 and$ 52,000 during the years ended December 31, 2017 and 2016, respectively. Approximately$ 18,000 was due to CCLA at December 31, 2017 in covDctimnvv|ththisprogramn, andthisannountisaoonmpunentofaccruedeupenseyin the accompanying Statement of Financial Position. Note 8-Leasing Activities The Organization leases building space to a tenant under a noncancelable lease with a term of 60 months. Future rents expected to be collected under current lease arrangements are estimated to N.„ be as follows: Year Ending December 31, 2018 $ 40.000 sot. 2019 40,000 2030 40,000 44iw 2021 30.000 Total $ 140 000 Note 9-Commitments and Contingencies .40# The Organization leases office space for its lmmokalee office. This office space lease expires in December of 2018. In addition, the Organization leases office equipment which expires in October 2018. Futune minimum lease payments under office space and equipment leases that have initial or remaining terms in excess of one year are approximately$40,200 for the year ended December 31, 2018. 13 16I1B2 Legal Aid Service of Broward County, Inc. Notes to Financial Statements December 31,2017 (with comparative totals for December 31,2016) Note 9-Commitments and Contingencies(continued) Aggregate rental expense for the years ended December 31, 2017 and 2016 was approximately $ 52,000 and$45,000 respectively. Note 10- Employee Benefit Plan The Organization sponsors a tax-deferred annuity plan for substantially all employees,under Internal Revenue Code 403(b}. The Organization did not make contributions to the tax-deferred annuity plan for 2017 and 2016. Employees are allowed to voluntarily contribute to the plan, but are limited to maximum amounts computed by the plan administrator. The plan provides for 100% immediate vesting. Note 11-Matching Requirements %,r Certain grants require matching of amounts awarded with amounts contributed by other sources. All contractual matching requirements have been met. %kr Note 12-LSC Pro-Bono Funds The Organization's Pro-Bono Program is designed to meet the requirements of LSC's Private Attorney %w Involvement program funded through a subgrant from CCLA in 2017 and 2016. The following is a summary of the Pro-Bono funds of LAS. The amounts for 2017 and 2016 have been included in the ''`""` LSC Pro-Bono totals on the Supplemental Schedule of Support, Revenues and Expenses by Fund. ‘40, Total `'iv Pro-Bono Program 2017 2016 Support: Contracts and grants $ 268,946 $ 261,413 Expenses: Paralegals and other staff salaries 146,703 131,062 Lawyers salaries 51,650 52,046 Employee benefits and payroll taxes 39,796 39,017 Client litigation costs 9,620 12,220 Interest expense 6,600 6,050 Telephone 3,086 3,210 Equipment rental and maintenance 2,923 2,000 %✓ Supplies 2,524 3,400 Library and subscriptions 1,970 Insurance 1,589 3,600 Postage 910 1,352 Space and occupancy 8837,456 Travel 377 Contract services 315 - 268,946 261,413 �.. Change in Net Assets \r Expenditures for property and equipment 5 $ _ 14 161182 Legal Aid Service of Broward County,Inc. Notes to Financial Statements '" December 31,2017 (with comparative totals for December 31,2016) Note 13-Collier County Activity The following is a summary of revenues and expenses for 2017 and 2016 for Collier County, which have been included in the accompanying financial statements. 2017 2016 Support: Contracts and grants: '" Naples Children&Education Foundation $ 467,555 $ 365,000 Contributions 199,655 178,019 Community Development Block Grant 166,841 159,961 Filing Fees 164,582 106,143 LSC Pro-Bono(CCLA Subgrant) 107,680 101,004 Florida Bar-IOLTA 99,225 132,464 ".• United Way-Collier County 50,000 120,000 Low Income Tax Clinic 50,000 30,483 RSHM Ministry contribution 35,711 46,566 Equal Justice Works 35,205 3,200 Bar Association Dues 30,450 33,400 Community Foundation of Collier County 30,000 19,000 Title IIIB 20,956 21,486 1.., Catholic Charities 18,000 18,000 FL Attorney General Foreclosure Grant - 75,809 Nor 1,475,860 1,410,535 r✓ + Expenses: Lawyers salaries 536,713 448,905 Paralegals 258,660 358,282 Employee benefits and payroll taxes 218,561 233,270 Other staff salaries 208,926 189,855 Space and occupancy 70,318 82,274 viw Interest expense 69,997 71,748 Telephone 42,217 37,592 +... Insurance 22,638 6,775 Travel 20,104 14,047 Supplies 16,822 14,385 Contract services 15,692 - 4, Postage 9,702 6,977 Other operating expenses 8,722 - Client litigation costs 6,401 5,678 ., Library and subscriptions 4,186 7,277 Equipment rental and maintenance 316 12,365 Nb.... Training and recruitment - 3,043 *..:; 1,509,975 1,492,473 Change in Net Assets $ (34,115) $ (81,938) itiv 160, " w15 vfte ti.. 1 6 1 1 13 2 SUPPLEMENTAL INFORMATION 161182 A+ . e N a • a "' 9 it H N vF N 8 0 d tD CO Z8 N -t: ON N m .1:1 .-1 N C a. vi w 4 m 5 as eta N 73 m A 0 .a M 8 d x c ? z v d .� low 0 0 Vs N a -4 = M, 'Q C GJ li} X ei CV NOV 0 a.) or_ a vo 8 § 8 m M ev u Z N 61 US ++ 0 v, a 0 C w a 0 tet VI v a \✓ G Q � °��+ in u • z • a a c E u ` 0 p 0 x E a .. E. e V ti u ?� pt5 t u f0 a L 1N0 u . •.. C C u t- Q d ..V. CS 440, • a s m El , c c to d A x Q c " , t m O A t7 .0 Z a RI - o O m x y d <? v, am, FI aSc dPP ao tA .P. E a uacmoQ c2a � dr— a ' Wi ° E _E 7. flU `t . - ac-amvo p as v , 4 a > >as E vi aO = I`� ° - t to d cC -,p .- 'ID ▪ Vi U. U. A N,..„ 116 1132 %,..- ,... 2 t 40° )460 I. ci, ul ty RI .0 4' 2 411 Nal I th, 0 0 en to .-I es, 2 0 IN 0) rn 4T 00 M. 1..6 00 00 4446. d fsi 006 qi r.•1 .4. EN inh. ko 0 1-1 r-1 4111.0- c iv ,4 o. %A.0 it *ww *400 vi %re 12 m illor ,-4 ,r-1 0 0 M '4410, Iti C ..o e f-1 r&i co GIJ C h.- 6 6 o 0 z -c) kk.r1 f.a Z o.o *fosto aS 0.0 0 VI %11104 11)., 0 ,..:.44 *40. '110 0 Aotto Cl. r-4 01 ..tatti u.- o C.,) -- = ° E 0 8 en •,t ,-4 14. 0 t-‘4 ry "0 ‘tooie 0 3 ref tv; a' at: a ei 0 vi %to 15.2 ," 0 0 C C C W Ill 0 0 0) W 4,.. I... c " E im i.i tV WI , ).• gl VI O '2 cv c 11 (.n, ets "":< I-, :47, c •E .......,: > c 3 (A w -c) c o o 47.) O Zr < C L. E v, 41, _- m ..c "iii c -4,--, '2 c 0 „„... = 43) 4 0, ,..- , -.2 Ti t..) ,,G) ... c▪ 0 0 ...., r t: • .5 o ro M 6- 2 6. 4., ., t,9 e.• -0 ,- '‘.. 46 +.6 < 4- 44 f° E c 0 0- II ° " cc c c al Cp M (0 0J ' 0 ,.., C 9- > 60 C a 0 .... a 4. 6., 0 C 1:3 W ba 0 i.- '6 ,2 > ,.„ _ • •X Go- ' o_ .., 1*," Go 04 CU 10 -o = e 13 tu M kJ C. i.i• i g .2 <„ 4a. 3,, fi 4L) . 0 ) u., a . z c 2- .1..„ LLS W u. 44 (c E f-- thoc c E • = 2. E = cL z — o 0,1 .4,.. .•••••• tE.' 0- : la _c ® . ,42E0 C — c 0. •*-' -7 a; a ... MI L ...., z. •R = C1) C t 8 7, 0 LL, t‘e •si .c 76: 47, t oju t C "` ?A) v 1 E it:1 3 I S' ,i1 E to a) 4-• c E iii 2 ° 'V a cx.ni '.(A) IA ' •.% M Vi '''' 0 ''' 0 40-C .... 0 •''' • Z "0 .....i 1.13 Li. ....... 1.X., ,..., %We � �� w� � �� r _ Legal Aid Service of Broward County,Inc Notes to Schedule of Expenditures of Federal Awards For the Year Ended December 31,2017 Note 1-Basis of Presentation %ow �~ The accompanying ScheduleofEu�enditure��[Federa|Axvmndsinc|udesthehederabactiwhymy grant Legal Aid Service of Broward County, Inc. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance), Therefore,some amounts presented in this schedule may differ from amounts presented in,or used 'to", inthe preparation of, the financial statements. Because the Schedule presents only a selected portion of the operations, it is not intended to and does not present the financial position,changes in net assets, or cash flows of the Organization. soo, so, Note 2-Summary of Significant Accounting Policies so_ Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance,and/or OMB Circular A-122, Cost Principles for Non-Profit Organizations, wherein certain types of soo expenditures are not allowable or are limited as to reimbursement,as applicable. soy Note 3-Indirect Cost Rate soo The Organization did not elect to use the 1096 de minimis indirect cost rate allowed under the Uniform Guidance. soo %,4,0 Note 4'Contingency so~ The contract and grant revenue amounts received are subject to audit and adjustment. If any sko expenditures or expenses are disallowed by the grantor agencies as a result of such an audit, any claim for reimbursement to the contract/gcies becomes a liability of Legal Aid Service of sio Broward County, Inc. In the opinion of management, all contract and grant expenditures are in ssio compliancewith the terms of the agreement and applicable federal, state, and local laws and regulations. so, %me 60' %sr 'taw 46v %se 18 sow- %my „„.., 1 6 1 1 ti ? ,.., kftw, 4.4 et 43 wD un Ch e4 et: P4 P, .n CD 4t on P4 C)et .4 Ch'V Ch un N N. Nt 00 60 40 nn m co %0 In v4 'Sse, rw<2- un T..4 un INN4 0.1 rn .1 et Ch .4 un OD 01 et tO.4 en Un ONCOOInIN Ch CO CO Nt mct Cr(N cl,cp co N Cn on On C4 et et CO 1,7,,CD Ch Sr Pt CO CC),lan ,a, PS 0 0 Nr,CO Pt m P... pn .4 ‘00 1..*1.b" AI 14 CO eei'.• N. N V• Q. ',a'CO N .• N .--1 0 )11' NZ 1.(9.IN'14.4.0 CO N. 6.4 Pi'kt.Ns CPZ N 6.4 4 0)Ni a:, 01 In ci; CD N- N 03 CO CO et en+4 +x Ca 03 CO N. tO V In V et N N .g. 0 s* Nr CI 0 xi, 0 N v4 Sr on N Ch Oh 0 :X in ri v4 r4 r4 r4 r4 c, N m N I.. uci.4 m N .4 .4 44 0,. m ni 10 N NI NI CO "4 N 0 4 U)U3 in Ch N N N C) CO V> et 0 a) a),)0 U) 0 N In.. In al N In et yr vl N et et r.,c0 N CO 00 414 , len-40o...cmq ...,c4 .-1 cnsr . g3 . N , . , . W04 , . .4 . 40 m m f., .:. . r:CO ni"CO r:4-4 CO N U) In .4i'r vi' er; CO 0i. 0. 4.1.- .c 00 .--- N-4 0, ,0.0 ...-. In co m m cr) m 4 6 X. ..e. .0 M N Ln .4 C00 NZ 4444 ) I )440L '6/0. 411. IWO ......,. N N WINN V 00 NO tat ..4 O 'Nf CTIANNInNJ400N0100 60 NI in N Nm CO C O N1 N N Oh N N COau Ch 41 U)N 09 In 0 NI N CI CO VI 01 CO CO r., ..ft , .4.0,I-I 0 06 NI N.00 00 41 60 40 1,0 6.0 Ist C4 In 0 ..n to co" NN 0 .4.4.46 Di.4 LA'un MC uri r:cli*‘.4 ci.4 oo cn-44 LK o oó o 0 0 0 in 0 co m co '0 40 m m 0 CO CO r, 60 In un in'0 O l' N ,-4 0.1 OD 01 Z Cr. et co al CO .4 -4,4 r4 r4 In in Vtar 0 )0 US* Ni Nr CA 1I .0 Mt al N.. N. N CO 0 IN VI 14 If 01 r./ CO 00 et en co .4 o to,-4 N CD. Ch '4 P4 g , , , , , , g v4 r4 NI v4 r4 .4 Ch 4.4 .44 1/40 et CO on CD et 01 t, C)on pp on 40 t..1 14 al t, et 144 . 00 ' .I on In CD N ri.4 U3 oro Tr Sr U1 P4 U1 CO gq. CO C) CD, err el:'U:r Cr d U) . N Oi IA'CM ef rsi ni Lei te ai on ce 4 r:. cf .4 N. 0 c 0) 01 In In VI CO P, u0 .4 5.0 .4 CO In N N N N r4 on r4 CO C1 0 6In CINN o a N. ? N F 60 N CO IC s".1 0 NI ..0 In )..."' *1001 ar, V). *ow 19 10 0 41 00 60 0001 CO 40 60 01 0 0 N 0 CD g . „ , , .0 WO, 0 Ire '0 r4 1,.. 0) CO N N V 061 CON NNN 0 6.0 01 N h ' CO ' ' LI 0) ' /0/ 01 41 01 ' kO en 01 ' ' 0) C C O 0 CO co ,- '0 .4 crr CO N Ini r4.4 mr a; 40 No , to.11 VD k n4CONin vt 0 en '4 tet N 2 te m cy, -4 vi. ,th ‘0, NI N CD 04 un vt 0 01 M 0) el N Oct In '4 '4 g a, .0 , , , , , 00 0 4 4:'8 EHt ' t . ' , RCMAlh 1 V ... , : 'II ' rt. C u. *., I ..0- m d In' N ci 0 a', rri' CO en rq ...i IN C) In In m NI 4..)V 13 II: C ',00.• 0 +.4 le. U. .. ..... VI Vs 8 8 8 '41 rl CD. 31 ".74 Cl L4 t',3 A 7.1 A 0),". f2 P. CR t8 Is III t4 r6 :2. 0 - .4.6) 0,, , $ ; . , ,o.‘ ,... tu 00 N ca r, . r, 04 m m , V)1-4 CO CO r-I OD N CO r-4 6 1 e-4 ...1 0% N IWO 41 10 e il 0 0 r:cf.m ce,' am .4 ai 16I 1 B2 INTERNAL CONTROLS AND COMPLIANCE 1611Ba. Keefe Mttu lough CPA's+Trusted Advisors INDEPENDENT AUDITOR'S 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 Legal Aid Service of Broward County, Inc. Plantation, Florida We have audited, in accordance with auditing standards generally accepted in the United States of No, America and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States, the financial statements of Legal Aid Service of Broward County, Inc. (a nonprofit organization) (the "Organization") which comprise the statement of financial position as of December 31,2017,and the related statements of activities,functional expenses, *to. and cash flows for the year then ended, and the related notes to the financial statements, and have issued our report thereon dated April 17, 2018. Internal Control Over Financial Reporting In planning and performing our audit of the financial statements, we considered the Organization'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 opinion on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of the Organization's internal control. Accordingly, we do not express an opinion on the effectiveness of the Organization'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 vio detect and correct misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies,in internal control,such that there is a reasonable possibility that a material misstatement of the Organization'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 was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control that might be material weaknesses or significant deficiencies. Given these limitations, during our audit we did not identify any she deficiencies in internal control that we consider to be material weaknesses. However, material weaknesses may exist that have not been identified. time %we *40 KMCcpa.com I 6550 N Federal Hwy.4th F Lou Fort Lauderdale, FL 33308 Phone:954 771 0896 Fax 954.938.9353 20 1 6 1 13 2 Legal Aid Service of Broward County, Inc. Compliance and Other Matters As part of obtaining reasonable assurance about whether the Organization's financial statements are 44— 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 s4w 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 the 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 Organization'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 Organization's internal control and compliance. Accordingly,this communication is not suitable for any other purpose. +wf shop 11144 ,44w, KEEFE McCULLOUGH Fort Lauderdale, Florida April 17,2018 '14w o sw- *gm. ,4444, s44.4. 21 sw, 16 I 1 B 2 Keefe Mttuilough CPA's+Trusted Advisors INDEPENDENT AUDITOR'S REPORT ON COMPLIANCE FOR EACH MAJOR PROGRAM AND ON INTERNAL CONTROL OVER COMPLIANCE REQUIRED BY THE UNIFORM GUIDANCE To the Board of Directors %yr Legal Aid Service of Broward County, Inc. Plantation, Florida Report on Compliance for Each Major Federal Program We have audited Legal Aid Service of Broward County, Inc.'s (a nonprofit organization) (the "Organization") compliance with the types of compliance requirements described in the OMB Compliance Supplement that could have a direct and material effect on each of the Organization's major federal programs for the year ended December 31, 2017. The Organization's major federal programs are identified in the summary of auditor's results section of the accompanying schedule of findings and questioned costs. Management's Responsibility Management is responsible for compliance with federal statutes, regulations, and the terms and conditions of its federal awards applicable to its federal programs. Auditor's Responsibility Our responsibility is to express an opinion on compliance for each of the Organization's major federal programs based on our audit of the types of compliance requirements referred to above.We conducted our audit of compliance in accordance with auditing standards generally accepted in the United States of America; the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States;and the audit requirements of Title 2 U.S.Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Those standards and the Uniform Guidance require that we plan and perform the audit to obtain reasonable assurance about whether so. noncompliance with the types of compliance requirements referred to above that could have a direct and material effect on a major federal program occurred. An audit includes examining, on a test basis, evidence about the Organization's compliance with those requirements and performing such other procedures as we considered necessary in the circumstances. We believe that our audit provides a reasonable basis for our opinion on compliance for each major Now federal program. However, our audit does not provide a legal determination on the Organization's compliance. Opinion on Each Major Federal Program In our opinion, the Organization complied, in all material respects, with the types of compliance requirements referred to above that could have a direct and material effect on each of its major federal programs for the year ended December 31,2017. KMCcpa.com I 6550 N Federal Hwy,4th Floor Fort Lauderdale, FL 33308 Phone:954 771 0896 Fax:954.938.9353 22 �� ~� �� 4� �~ Legal Aid Service of Broward County, Inc. Report on Internal Control Over Compliance Management of the Organization is responsible for establishing and maintaining effective internal control over compliance with the types of compliance requirements referred to above. In planning and performing our audit of compliance,we considered the Organization's internal control over compliance with the types of requirements that could have a direct and material effect on each major program to determine the auditind that are appropriate in the circumstances for the purpose of expressing an o1n|o on compliance for each majorfedmra|prwgrarnandtotestmndrepo,t on internal control over compliance in accordance with the Uniform Guidance,but not for the purpose of expressing an opinion on the effectiveness of internal control over compliance. Accordingly,we do not express an opinion on the effectiveness of the Organization's internal control over compliance. deficiencyin internal control over compliance exists when the design or operation of a control over r compliance does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct, noncompliance with a type of compliance requirement of a federal program on a timely basis. A material weakness in internal control over compliance is a deficiency,or combination of deficiencies, in internal control over compliance,such that there is a reasonable possibility that material noncompliance with atypewfummnp||mnoerequ|nemnentmf a federal program will not be prevented, or detected and corrected, on a timely basis. A significant deficiency/nhnternm/cmmCrolmverxonn liance is a deficiency,or a combination of deficiencies,in internal control over compliance with a type of compliance requirement of a federal program that is less severe than a material weakness in internal control over compliance, yet important enough to merit attention by those charged with governance. Our consideration of internal control over compliance 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 compliance that might be material weaknesses or significant deficiencies. We did not identify de�denc|esjninternal control over cmnmpHmncethat vveconsider tmbemnatmria| xveaknesues. However, material weaknesses may exist that have not been identified. Purpose of this Report The purpose of this report on internal control over compliance is solely to describe the scope � our testing of internal control over compliance and the resu� ofthat testing � 'baued on the requirements of the Uniform Guidance.Accordingly,this report is not suitable for any other purpose. 164.1_MCCANIAjlt KEEFE McCULLOUGH -- Fort Lauderdale, Florida April 17, 2018 23 ��N� �� -~ ~~ LegalAid Service of Broward County, Inc. Schedule of Findings and Questioned Costs For the Year Ended December 31,2017 A. Summary of Auditor's Results 1. The auditor's report expresses anunmodi�edopinion onthe financial statemnentyofLegal Aid Service of Broward County, Inc.. 2� No material weaknesses relating to the audit of the financial statementsare reported in | ~~ the Independent Auditor's Report on Internal Control over Financial Reporting and on Compliance and Other Ma1�emBased onanAudit qfFinancial Statements Performed in Accordance with Government Auditing Standards. 3. No instances of noncompliance material to the financial statements of Legal Aid Service of Browrd County, Inc.were disclosed during the audit. � ~ 4. No material weaknesses relating to the audit of the major federal programs are reported 460. in the Independent Auditor's Report on Compliance for Each Major Programand on Internal Control over Compliance Required by the Uniform Guidance. S. The auditor's report on compliance for the major federal award program for Legal Aid Service of Broward County, Inc. expresses an unmodified opinion on the major federal program. G. There are no audit findings relative to the major federal programs for Legal Aid Service of Broward County, Inc. reported in Part C of this schedule. $� 7. The program tested as a major program was: Federal Program CFDA Number Legal Services Corporation 09.810090 . 8. The threshold for distinguishing Type Aand Bprograms was$ 75O,O0O. 9. Legal Aid Service of Broward County, Inc. was determined to be a low-risk auditee pursuant to the Uniform Guidance. B. Findings-Financial Statements Audit No matters were reported. C. Findings and Questioned Costs-Major Federal Award Program Audit No matters were reported. D. Other Issues 1. No management letter is required because there were no findings required to be reported in a separate management letter. I. No schedule of prior audit findings is required because there were no prior audit findings related to federal programs. *60 3. No corrective action plan is required because there were no findings reported under the Uniform Guidance. *ft. 24 161162 Keefe McCullough CPA's+Trusted Advisors INDEPENDENT AUDITOR'S REPORT ON COMPLIANCE WITH REQUIREMENTS APPLICABLE TO THE BRO.WARD COUNTY FILING FEES CONTRACT UNDER ARTICLE V. PARAGRAPH 5.1 To the Board of Directors Legal Aid Service of Broward County, Inc. Plantation, Florida 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 Government Auditing Standards issued by the Comptroller General of the United States,the financial statements of Legal Aid Service of Broward County, Inc. (a nonprofit organization) (the "Organization") which comprise the statement of financial position as of December 31,2017,and the related statements of activities,functional expenses, and cash flows for the year then ended, and the related notes to the financial statements, and have issued our report thereon dated April 17, 2018. Compliance As part of obtaining reasonable assurance about whether the Organization's financial statements are free of material misstatement,we performed tests of the Organization's compliance with the provision of Article, V, Paragraph 5.1 of the Broward County Filing Fees Contract. That provision requires the Organization to maintain a compilation of case statistics that are supported by case files with corresponding code numbers and that the coding system differentiates the various legal services the Organization renders to its clients. However,providing an opinion on the overall 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 indicate that, with respect to the items tested, the Organization, maintained a compilation which contains case statistics that are supported by case files with corresponding code numbers and that the code numbers differentiate the various legal services rendered to clients. With respect to items not tested, nothing came to our attention that caused us to believe that the Organization had not complied, in all material respects, with the provision. The results of our tests disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards. %be Purpose of this Report The purpose of this report is solely to describe the scope of our testing of compliance with the cited provision of the aforementioned contract and the results of that testing, and not to provide an opinion on compliance. Accordingly, this communication is not suitable for any other purpose. This report is intended solely for the information and use of the Board of Directors, management, and the Broward County Board of County Commissioners and is not intended to be and should not be used by anyone other than these specified parties. 164 KEEFE McCULLOUGH Fort Lauderdale, Florida April 17,2018 KMCcpa.com l 6550 N Federal Hwy,4th Floor Fort Lauderdale, FL 33308 Phone 95h7710896 Fax 954 938 9353 25 %me rebruary 11, 2U1 ti Annual Water/Wastewater 1 A COLLIER COUNTY FLORIDA Authority Board Meeting `s REQUEST FOR LEGAL ADVERTISING OF PUBLIC HEAL To: Clerk to the Board: Please place the following as a: ` ENormal legal Advertisement ❑ Other: (Display Adv.,location,etc.) ********************************************************************************************************** Originating Dept/Div: GMD/Operations&Regulatory Management Person: Ashley Lang Date: January 26,2018 Petition No. (If none,give brief description): Petitioner: (Name&Address): Name&Address of any person(s)to be notified by Clerk's Office:(If more space is needed,attach separate sheet) Hearing before: BCC BZA Other Collier County Water and Wastewater Authority Requested Hearing date:(Based on advertisement appearing 10 days before hearing)February 12,2018 Newspaper(s)to be used: (Complete only if important): Naples Daily News Other Legally Required Proposed Text: (Include legal description&common location&Size): NOTICE OF PUBLIC MEETING AND FINAL ORDER NO.2018-01 COLLIER COUNTY WATER AND WASTEWATER AUTHORITY 2800 NORTH HORSESHOE DRIVE NAPLES,FL 34104 CONFERENCE ROOM 609/610 MONDAY,FEBRUARY 12,2018 2:00 P.M. A FINAL ORDER OF THE COLLIER COUNTY WATER AND WASTEWATER AUTHORITY,PURSUANT TO SECTION 1-6, COLLIER COUNTY ORDINANCE NO. 96-6, AS AMENDED, PROVIDING FOR THE ADOPTION OF THE 2018 PRICE INDEX FACTOR SET ANNUALLY BY THE FLORIDA PUBLIC SERVICE COMMISSION, FOR UTILIZATION IN PRICE INDEX RATE APPLICATIONS FOR NONEXEMPT WATER AND/OR WASTEWATER UTILITIES PROVIDING SERVICE IN UNINCORPORATED COLLIER COUNTY AND THE CITY OF MARCO ISLAND,FLORIDA. COLLIER COUNTY WATER AND WASTEWATER AUTHORITY LOWELL LAM,CHAIRMAN JANUARY 26,2018 Companion petition(s), if any&proposed hearing date: Does Petition Fee include advertising cost?❑Yes ❑ No If Yes,what account should be charged for advertising costs: P.O.#4500182060 Item 70 Reviewed by: &c e,„ `"""'J 01/1.6/9 Ft ''/'�,� Date Division Administrator or Designee List Attachments: 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: ❑ County Manager agenda file: to ❑ Requesting Division ❑ Original 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 USE1�L.,: Date Received: �) 7, Uti Date of Public hearing: �/4 Date Advertised: Alw 161183 Martha S. Vergara From: LangAshley <Ashley.Lang@colliercountyfl.gov> Sent: Thursday,January 25, 2018 4:45 PM To: Minutes and Records Subject: RE:Ad Cutoff Date Follow Up Flag: Follow up Flag Status: Completed It's the Utility Regulation's annual price index ad. It has to run ten days before the meeting. We are trying to have a meeting on February 12th. I wanted to see the ad cutoff date before I emailed the Board members to see if they can attend. This is what the ad will look like: NOTICE OF PUBLIC MEETING AND FINAL ORDER NO.2018-01 COLLIER COUNTY WATER AND WASTEWATER AUTHORITY 2800 NORTH HORSESHOE DRIVE NAPLES,FL 34104 CONFERENCE ROOM 609/610 MONDAY, FEBRUARY 12,2018 2:00 P.M. A FINAL ORDER of the Collier County Water and Wastewater Authority,Pursuant to Section 1-6,Collier County Ordinance No. 96-6, as amended, providing for the adoption of the 2018 price index factor set annually by the Florida public service commission,for utilization in price index rate applications for nonexempt water and/or wastewater utilities providing service in unincorporated Collier County and the city of Marco island,Florida. COLLIER COUNTY WATER AND WASTEWATER AUTHORITY LOWELL LAM,CHAIRMAN JANUARY 25,2018 Thanks, Ashley How are we doing? The Operations&Regulatory Management Division wants to hear from you! Please take our online SURVEY. We appreciate your feedback! From: Martha S.Vergara [mailto:Martha.Vergara@collierclerk.com] On Behalf Of Minutes and Records Sent:Thursday,January 25, 2018 3:46 PM To: LangAshley<Ashley.Lang@colliercountyfl.gov> Subject: RE:Ad Cutoff Date Hi Ashley, Ann isn't doing the advertising for the next two weeks, we rotate jobs in our office. I am doing the advertising. What kind of ad is it? Does it include a map? Is it for a specific meeting like BCC, HEX, CCPC? Does the ad require so many days prior to a meeting? 1 Thanks, 1 6 N 1 B 3 Martha From:Ann P.Jennejohn Sent:Thursday,January 25, 2018 3:39 PM To: Minutes and Records<MinutesandRecords@coUierclerk.com> Subject: FW: Ad Cutoff Date AmmJumm jolnm, Deputy Clerk Clerk ofthe Circuit Court Clerk to the Value /\d1ustwxnmtBoard Collier County Bound Minutes & Records Dept. 239-252-84D6 Fax 259-2S2-8408 ) From: LangAsh|ey [nnaibo:Auh|ey.LanA0DcoUiercountyf.gov] Sent:Thursday,January 25, 2018 3:33 PM To:Ann P.Jennejohn <Ann.iennejohn@collierclerk.com> Cc: KnvenxkvKenneth <Kenneth.Kovensky@coUiercountyf.gov> Subject:Ad Cutoff Date Hi Ann, I hope you are doing well. I have a quick ad question. If I need an ad to run next Friday 02/02/18, what day do you need it? Kindest Regards, Ashley Lang Senior Management/Budget Analyst CO ier county Growth Management Department Operations and Regulatory Management 2800 Horseshoe Drive North, Naples, FL 34104 Phone: 239.252.2302 Fax: 239.252.3047 PLEASE NOTE: K4yemai|addresuhaschangedtmAyh|ev.Lang@cmUiercountvf.gov How are we doing? The Operations&Regulatory Management Division wants to hear from you! Please take our online SURVEY We appreciate your feedback! 161183 Acct #068784 January 29, 2018 Attn: Legals Naples News Media 1100 Immokalee Road Naples, FL 34110 Re: Annual Notice of Public Meeting for Collier County Water and Wastewater Authority Dear Legals: Please advertise the above referenced notice on Friday, February 2, 2018 and send duplicate Affidavits of Publication, to this office. Thank you. Sincerely, Martha Vergara, Deputy Clerk P.O. #4500182060 (Item #70) 161163 NOTICE OF PUBLIC MEETING AND FINAL ORDER NO. 2018-01 COLLIER COUNTY WATER AND WASTEWATER AUTHORITY 2800 NORTH HORSESHOE DRIVE NAPLES, FL 34104 CONFERENCE ROOM 609/610 MONDAY, FEBRUARY 12, 2018 2:00 P.M. A FINAL ORDER of the Collier County Water And Wastewater Authority, Pursuant to Section 1-6, Collier County Ordinance No. 96-6, as amended, providing for the adoption of the 2018 price index factor set annually by the Florida Public Service Commission, for utilization in price index rate applications for nonexempt water and/or wastewater utilities providing service in unincorporated Collier County and the City of Marco Island, Florida. COLLIER COUNTY WATER AND WASTEWATER AUTHORITY LOWELL LAM, CHAIRMAN January 29, 2018 16 1 1 B 3 Martha S. Vergara From: Martha S.Vergara Sent: Monday, January 29, 2018 9:41 AM To: Naples Daily News Legals Subject: Annual Authority Board Meeting Attachments: Annual Public Notice for Water&Wastewater Authority Meeting (2-12-18).doc;Annual Public Meeting for Water&Wastewater Authority (2-12-2018).docx Hello, Please advertise the following attached ad Friday, February 2, 2018. Please forward an ok when received, if you have any questions feel free to call me. Thanks, Martha Vergara, BMR Senior Clerk Minutes and Records Dept. Clerk of the Circuit Court & Value Adjustment Board Office: (239) 252-7240 Fax: (239) 252-8408 E-mail: martha.vergara@collierclerk.com 1 161183 Martha S. Vergara From: Legals@naplesnews.com Sent: Monday, January 29, 2018 11:07 AM To: Martha S. Vergara Subject: Proof Ad: 1908372, NOTICE OF PUBLIC MEETING AND FINAL 0 Attachments: BCCBUDGETO-79-1908372-1.pdf Hi Martha, Attached is the ad proof, please review and let us know if you have any questions. We need an approval in order for the ad to run on the 1st date scheduled. Deadline: 2pm for next day publication, except for Sunday/Monday publication, the deadline is 4pm on Friday. Thank you, Mereida Cardenas Legal Advertising Specialist PART OF THE USA TODAY NETWORK Office: 239.213.6061 Legals@naplesnews.com naplesnews.com 1 > Ad Proof 3 ANittlICS Battu Nintil Saks Rep:Mereida Cardenas(N9103) Phone: Email: Account Intortnation Insertion Intort Cation Date:01/29/18 This is a proof of your ad scheduled to run on the dates indicated below. Account Number:504175(N068784) Please confirm placement prior to deadline by contacting your account Company Name:BCC BUDGET OFFICE rep at . Ad Id: 1908372 P.O.No.:4500182060 Total Cost:$98.17 Contact Name: Email: Tag Line:NOTICE OF PUBLIC MEETING AND FINAL 0 Address:3299 TAMIAMI TRL E#700,NAPLES,FL,34112 Start Date:02/02/18 Stop Date:02/02/18 Phone:(239)774-8049 Fax:(239)774-6179 Number of Timess: 1 Class: 16100-Legal Notices Publications:ND-Naples Daily News,ND-Internet-naplesnews.com >Ad Proof I agree this ad is accurate and as ordered. NOTICE OF PUBLIC MEETING AND FINAL ORDER NO.2018-01 COLLIER COUNTY WATER AND WASTEWATER AUTHORITY 2800 NORTH HORSESHOE DRIVE NAPLES,FL 34104 CONFERENCE ROOM 609/610 MONDAY,FEBRUARY 12,2018 2:00 P.M. A FINAL ORDER of the Collier County Water And Wastewater Authority,Pursuant to Section 1-6, Collier County Ordinance No. 96-6, as amended, providing for the adoption of the 2018 price index factor set annually by the Florida Public Service Commission, for utilization in price index rate applications for nonexempt water and/or wastewater utilities providing service in unincorporated Collier County and the City of Marco Island, Florida. COLLIER COUNTY WATER AND WASTEWATER AUTHORITY LOWELL LAM,CHAIRMAN January 29,2018 February 2,2018 No.1908372 Thank you for your business. Our commitment to a quality product includes the advertising in our publications. As such,Gannett reserves the right to cat- egorize,edit and refuse certain classified ads.Your satisfaction is important. If you notice errors in your ad,please notify the classified department immedi- ately so that we can make corrections before the second print date. The number to call is 239-263-4700. Allowance may not be made for errors reported past the second print date.The Naples Daily News may not issue refunds for classified advertising purchased in a package rate;ads purchased on the open rate may he pro-rated for the remaining full days for which the ad did not run. 161 1 B3 Martha S. Vergara From: Martha S. Vergara Sent: Monday, January 29, 2018 11:15 AM To: 'LangAshley' Subject: Annual Water/Wastewater Authority Board Meeting Ad Proof Attachments: BCCBUDGETO-79-1908372-1.pdf Hi Ashely, Attached is the ad proof for the referenced ad. Please review and let me know ASAP if there are any changes needed. Thanks, Martha > Ad Proof 611 B 3 Naples it. Nttus Sales Rep:Mereida Cardenas(N9103) Phone: Email: • Account Information Insertion Information Date:01/29/18 This is a proof of your ad scheduled to run on the dates indicated below. Account Number:504175(N068784) Please confirm placement prior to deadline by contacting your account Company Name:BCC BUDGET OFFICE rep at . Ad Id: 1908372 P.O.No.:4500182060 Total Cost:$98.17 Contact Name: Email: Tag Line:NOTICE OF PUBLIC MEETING AND FINAL 0 Address:3299 TAMIAMI TRL E#700,NAPLES,FL,34112 Start Date:02/02/18 Stop Date:02/02/18 Phone:(239)774-8049 Fax:(239)774-6179 Number of Timess: 1 Class: 16100-Legal Notices Publications:ND-Naples Daily News,ND-Internet-naplesnews.com Ad Proof I agree this ad is accurate and as ordered. NOTICE OF PUBLIC MEETING AND FINAL ORDER NO.2018-01 COLLIER COUNTY WATER AND WASTEWATER AUTHORITY 2800 NORTH HORSESHOE DRIVE NAPLES,FL 34104 CONFERENCE ROOM 609/610 MONDAY,FEBRUARY 12,2018 2:00 P.M. A FINAL ORDER of the Collier County Water And Wastewater Authority,Pursuant to Section 1-6, Collier County Ordinance No. 96-6, as amended, providing for the adoption of the 2018 price index factor set annually by the Florida Public Service Commission, for utilization in price index rate applications for nonexempt water and/or wastewater utilities providing service in unincorporated Collier County and the City of Marco Island, Florida. COLLIER COUNTY WATER AND WASTEWATER AUTHORITY LOWELL LAM,CHAIRMAN January 29,2018 February 2,2018 No.1908372 Thank you for your business. Our commitment to a quality product includes the advertising in our publications. As such,Gannett reserves the right to cat- egorize,edit and refuse certain classified ads.Your satisfaction is important. Ifyou notice errors in your ad,please notify the classified department immedi- ately so that we can make corrections before the second print date. The number to call is 239-263-4700. Allowance may not be made for errors reported past the second print date.The Naples Daily News may not issue refunds for classified advertising purchased in a package rate;ads purchased on the open rate may he pro-rated for the remaining full days for which the ad did not run. 16f 1B3 Martha S. Vergara From: Martha S. Vergara Sent: Monday,January 29, 2018 11:23 AM To: 'LangAshley' Subject: RE:Annual Water/Wastewater Authority Board Meeting Ad Proof I can request that revision! From: LangAshley [mailto:Ashley.Lang@colliercountyfl.gov] Sent: Monday,January 29, 2018 11:20 AM To: Martha S. Vergara <Martha.Vergara@collierclerk.com> Subject: RE: Annual Water/Wastewater Authority Board Meeting Ad Proof Hey Martha, Everything looks good but will the whole ad be capitalized as I requested? Thanks, Ashley How are we doing? The Operations& Regulatory Management Division wants to hear from you! Please take our online SURVEY. We appreciate your feedback! From: Martha S.Vergara [mailto:Martha.Vergara@collierclerk.com] Sent: Monday,January 29, 2018 11:15 AM To: LangAshley<Ashley.Lang@colliercountyfl.gov> Subject:Annual Water/Wastewater Authority Board Meeting Ad Proof Hi Ashely, Attached is the ad proof for the referenced ad. Please review and let me know ASAP if there are any changes needed. Thanks, Martha Please visit us on the web at www.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. 1 161183 Martha S. Vergara From: Martha S. Vergara Sent: Monday, January 29, 2018 11:29 AM To: Naples Daily News Legals Subject: RE: Proof Ad: 1908372, NOTICE OF PUBLIC MEETING AND FINAL 0 Morning Mereida, The department that is requested this ad would like the title (highlighted below) to be capitalized... Please let me know if this can be done or if I need to send it to you capitalized. tow 3299 TAMLM1 TRL E 9700,NAPLES,FL,34112 Moue 239)774,8049 Tom.(239)774-tat 9 I nice thpad is a aordered. NOTICE OF PUBLIC MEETING AND FINAL ORDER NO.2611-I 1 COLLIER COUNTY WATER AND WASTEWATER AUTHORITY Me NORTH HORSESHOE DRIVE NAPLES,PI,14194 COmfOttiCE ROOM 40941.0 MONDAY,FEBRUARY 12.NIB 2.00 RM. A FINAL ORDER of the Crier County Water And Wastewater Authority* Por int to Suchen 1-6,Co€Rer County Or name Ntr►, 96-:^6 a. arnerirI I1 providing (or than adoption o the 2015 p&p wito far tor set annua€ly by the Flpilda Puh€i Servitc C{?r'iii9Fi',S,Io0, for utilati ii,in Prire iridx rate app€scat€ads for nonexempt water and wastewater utilities presiding sereke in unincerperated Caper County and the Oily of Marco island, COLLIER COUNTY WATER At4 WASTEWATER AUTHORITY' LOWELL LAM.CHAIRMAN larroury 29,20/S February 2,2018 No.1903372 Thanks, Martha 1 161183 Original Message From: Legals@naplesnews.com [mailto:Legals@naplesnews.com] Sent: Monday, January 29, 2018 11:07 AM To: Martha S. Vergara <Martha.Vergara@collierclerk.com> Subject: Proof Ad: 1908372, NOTICE OF PUBLIC MEETING AND FINAL 0 Hi Martha, Attached is the ad proof, please review and let us know if you have any questions. We need an approval in order for the ad to run on the 1st date scheduled. Deadline: 2pm for next day publication, except for Sunday/Monday publication, the deadline is 4pm on Friday. Thank you, Mereida Cardenas Legal Advertising Specialist PART OF THE USA TODAY NETWORK Office: 239.213.6061 Legals@naplesnews.com naplesnews.com 2 1611 B3 Martha S. Vergara From: LangAshley <Ashley.Lang@colliercountyfl.gov> Sent: Monday, January 29, 2018 11:26 AM To: Martha S. Vergara Subject: RE:Annual Water/Wastewater Authority Board Meeting Ad Proof Yes please. From: Martha S.Vergara [mailto:Martha.Vergara@collierclerk.com] Sent: Monday,January 29, 2018 11:23 AM To: LangAshley<Ashley.Lang@colliercountyfl.gov> Subject: RE:Annual Water/Wastewater Authority Board Meeting Ad Proof I can request that revision! From: LangAshley [mailto:Ashlev.Lang@colliercountyfl.gov] Sent: Monday,January 29, 2018 11:20 AM To: Martha S.Vergara <Martha.Vergara@collierclerk.com> Subject: RE: Annual Water/Wastewater Authority Board Meeting Ad Proof Hey Martha, Everything looks good but will the whole ad be capitalized as I requested? Thanks, Ashley How are we doing? The Operations&Regulatory Management Division wants to hear from you! Please take our online SURVEY. We appreciate your feedback! From: Martha S.Vergara [mailto:Martha.Vergara@collierclerk.com] Sent: Monday,January 29, 2018 11:15 AM To: LangAshley<Ashley.Lang@colliercountvfl.gov> Subject: Annual Water/Wastewater Authority Board Meeting Ad Proof Hi Ashely, Attached is the ad proof for the referenced ad. Please review and let me know ASAP if there are any changes needed. Thanks, Martha Please visit us on the web at www.collierclerk.com 1 161183 Martha S. Vergara From: Legals@naplesnews.com Sent: Monday, January 29, 2018 11:34 AM To: Martha S. Vergara Subject: Revised Ad: 1908372, NOTICE OF PUBLIC MEETING AND FINAL 0 Attachments: BCCBUDGETO-86-1908372-1.pdf Hi Martha, no problem I have capitalized that part. Attached is the ad proof, please review and let us know if you have any questions. We need an approval in order for the ad to run on the 1st date scheduled. Deadline: 2pm for next day publication, except for Sunday/Monday publication, the deadline is 4pm on Friday. Thank you, Mereida Cardenas Legal Advertising Specialist PART OF THE USA TODAY NETWORK Office: 239.213.6061 Legals@naplesnews.com naplesnews.com 1 > Ad Proof 161 i B Napirs Battu News3 Sales Rep:Mereida Cardenas(N9103) Phone: Email: Account Inlormation insertion lntiarniation Date:01/29/18 This is a proof of your ad scheduled to run on the dates indicated below. Account Number:504175(N068784) Please confirm placement prior to deadline by contacting your account Company Name:BCC BUDGET OFFICE rep at . Ad Id: 1908372 P.O.No.:4500182060 Total Cost:$107.10 Contact Name: Email: Tag Line:NOTICE OF PUBLIC MEETING AND FINAL 0 Address:3299 TAMIAMI TRL E#700,NAPLES,FL,34112 Start Date:02/02/18 Stop Date:02/02/18 Phone:(239)774-8049 Fax:(239)774-6179 Number of Timess: I Class: 16100-Legal Notices Publications:ND-Naples Daily News,ND-Internet-naplesnews.com Ad Proof I agree this ad is accurate and as ordered. NOTICE OF PUBLIC MEETING AND FINAL ORDER NO.2018-01 COLLIER COUNTY WATER AND WASTEWATER AUTHORITY 2800 NORTH HORSESHOE DRIVE NAPLES,FL 34104 CONFERENCE ROOM 609/610 MONDAY,FEBRUARY 12,2018 2:00 P.M. A FINAL ORDER OF THE COLLIER COUNTY WATER AND WASTEWATER AUTHORITY, PURSUANT TO SECTION 1-6, COLLIER COUNTY ORDINANCE NO. 96-6, AS AMENDED, PROVIDING FOR THE ADOPTION OF THE 2018 PRICE INDEX FACTOR SET ANNUALLY BY THE FLORIDA PUBLIC SERVICE COMMISSION, FOR UTILIZATION IN PRICE INDEX RATE APPLICATIONS FOR NONEXEMPT WATER AND/ OR WASTEWATER UTILITIES PROVIDING SERVICE IN UNINCORPORATED COLLIER COUNTY AND THE CITY OF MARCO ISLAND,FLORIDA. COLLIER COUNTY WATER AND WASTEWATER AUTHORITY LOWELL LAM,CHAIRMAN January 29,2018 February 2,2018 No.1908372 Thank you for your business. Our commitment to a quality product includes the advertising in our publications. As such,Gannett reserves the right to cat- egorize,edit and refuse certain classified ads.Your satisfaction is important. If you notice errors in your ad,please notify the classified department immedi- ately so that we can make corrections before the second print date. The number to call is 239-263-4700. Allowance may not be made for errors reported past the second print date.The Naples Daily News may not issue refunds for classified advertising purchased in a package rate;ads purchased on the open rate may he pro-rated for the remaining full days for which the ad did not run. 161183 Martha S. Vergara From: Martha S. Vergara Sent: Monday, January 29, 2018 11:51 AM To: 'LangAshley' Subject: Revised - WWW Authority Board Meeting Attachments: BCCBUDGETO-86-1908372-1.pdf Ashley, Attached is the revised ad proof. Please review and let me know if there is anything else needed for this ad. Thanks, Martha . > Ad Proof 61 1 B 3 Naptts Battu iNtuts Sales Rep:Mereida Cardenas(N9103) Phone: Email: Account Information Insettian Inloeialation .' Date:01/29/18 This is a proof of your ad scheduled to run on the dates indicated below. Account Number:504175(N068784) Please confirm placement prior to deadline by contacting your account Company Name:BCC BUDGET OFFICE rep at . Ad Id: 1908372 P.O.No.:4500182060 Total Cost:$107.10 Contact Name: Email: Tag Line:NOTICE OF PUBLIC MEETING AND FINAL 0 Address:3299 TAMIAMI TRL E#700,NAPLES,FL,34112 Start Date:02/02/18 Stop Date:02/02/18 Phone:(239)774-8049 Fax:(239)774-6179 Number of Timess: 1 Class: 16100-Legal Notices Publications:ND-Naples Daily News,ND-Internet-naplesnews.com oflft .01111111M Ad Proof I agree this ad is accurate and as ordered. NOTICE OF PUBLIC MEETING AND FINAL ORDER NO.2018-01 COLLIER COUNTY WATER AND WASTEWATER AUTHORITY 2800 NORTH HORSESHOE DRIVE NAPLES,FL 34104 CONFERENCE ROOM 609/610 MONDAY,FEBRUARY 12,2018 2:00 P.M. A FINAL ORDER OF THE COLLIER COUNTY WATER AND WASTEWATER AUTHORITY, PURSUANT TO SECTION 1-6, COLLIER COUNTY ORDINANCE NO. 96-6, AS AMENDED, PROVIDING FOR THE ADOPTION OF THE 2018 PRICE INDEX FACTOR SET ANNUALLY BY THE FLORIDA PUBLIC SERVICE COMMISSION, FOR UTILIZATION IN PRICE INDEX RATE APPLICATIONS FOR NONEXEMPT WATER AND/ OR WASTEWATER UTILITIES PROVIDING SERVICE IN UNINCORPORATED COLLIER COUNTY AND THE CITY OF MARCO ISLAND,FLORIDA. COLLIER COUNTY WATER AND WASTEWATER AUTHORITY LOWELL LAM,CHAIRMAN January 29,2018 February 2,2018 No.1908372 Thank you for your business. Our commitment to a quality product includes the advertising in our publications. As such,Gannett reserves the right to cat- egorize,edit and refuse certain classified ads.Your satisfaction is important. If you notice errors in your ad,please notify the classified department immedi- ately so that we can make corrections before the second print date. The number to call is 239-263-4700. Allowance may not be made for errors reported past the second print date.The Naples Daily News may not issue refunds for classified advertising purchased in a package rate;ads purchased on the open rate may he pro-rated for the remaining full days for which the ad did not run. 161183 Martha S. Vergara From: LangAshley <Ashley.Lang@colliercountyfl.gov> Sent: Monday, January 29, 2018 3:30 PM To: Martha S.Vergara Subject: Re: Revised -WWW Authority Board Meeting Hey Martha, It looks great. Thank you for your help! Kindest Regards, Ashley Lang Senior Management/Budget Analyst Collier County Government Growth Management Department Operations and Regulatory Management From: Martha S.Vergara <Martha.Vergara@collierclerk.com> Sent: Monday,January 29, 2018 11:50:54 AM To: LangAshley Subject: Revised -WWW Authority Board Meeting Ashley, Attached is the revised ad proof. Please review and let me know if there is anything else needed for this ad. Thanks, Martha Please visit us on the web at www.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 1611B3 Martha S. Vergara From: Martha S.Vergara Sent: Monday, January 29, 2018 3:33 PM To: Naples Daily News Legals Subject: RE: Revised Ad: 1908372, NOTICE OF PUBLIC MEETING AND FINAL 0 Hi Mereida, The department has reviewed and approved this ad proof. Please proceed with publishing as requested. Thanks, Martha Original Message From: Legals@naplesnews.com [mailto:Legals@naplesnews.com] Sent: Monday, January 29, 2018 11:34 AM To: Martha S. Vergara <Martha.Vergara@collierclerk.com> Subject: Revised Ad: 1908372, NOTICE OF PUBLIC MEETING AND FINAL 0 Hi Martha, no problem I have capitalized that part. Attached is the ad proof, please review and let us know if you have any questions. We need an approval in order for the ad to run on the 1st date scheduled. Deadline: 2pm for next day publication, except for Sunday/Monday publication, the deadline is 4pm on Friday. Thank you, Mereida Cardenas Legal Advertising Specialist PART OF THE USA TODAY NETWORK Office: 239.213.6061 Legals@naplesnews.com naplesnews.com 1 1611B .4 .‘4t1PiapLrø Bailll ?rw9 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 BUDGET OFFICE 1908372 NOTICE OF PUBLIC MEE 4500182060 Pub Dates February 2,2018 lt,& Z'1 (Sign ture of affiant) 46411.41W11114110.46.11.416111 b.Allhailwart 1 " ::*+ KAROLEKANGAS I Notary Pub&-SLatcofMorlda Sworn to and subscribed before me _ � commisslontGct76041 This February02,2018 :.?! ,,=< Mycomm,E,�prcs 29.2021 I 1 Nomiduwaysomonowarrmat. I (k3101 f q omera (Signature of affiant) 24D I FRIDAY,FEBRUARY 2,2018 1 NAPLES DAILY NEWS Vehicles Wanted Notice Of Foreclosure Notice To Creditors Notice To yCreditors Ordioauces/Petitions Request i<rr Rids d to the lo AA, 8asscs CarsDOLLAR s PAID! for the following described NOTICE TheOadm CREDITORS administration tion estate sthaving in theirclaims calms minimum of sevendaysnty sr tine. ProspectiveCars, Cars, property: demandsappropriate a haps:// must register on D /7z WantABSOed! a ALL Alive To PHASE 5-A,Lot 18, LEaccordl g toNORAT,deceased,wA LAKES- of the Estate of hose date A T. MONTHS AFTER THth this court E DTE OF material publicN 3 to the sin presentations on"Not Registered." Once FREE PIDeadU! 2 96-6p 0 the Map or Pat thereof,as of deah was May 23,2016,is THE FIRST PUBLICATION OF before the Board will become registered,interested parties FREE PICK UP! 239d6Y6140 recordedggin Plat Book 44, pending in the CircuityyCourt THIS NOTICE. a permanent part of the may obtain a complete set of Top dollar.Ca h)ttooddFaDy.Call ofthes 78 e Public Recorh ds of inclusive,ollerobatr eller Division the addressiFILED WITHINALL CLT THE NOT TIME record. documents inm/bidsynccas/.w. 941-809-3660 or 941-923-3421 County,Florida of which is 3315 Tamiami PERIODS SET FORTH IN Any person who decides February 1,2,2018 No.1911667 Trail,East,Suite 102 Probate FLORIDA STATUTES SECTION to appeal a decision of the SMMOST MOTORS TRUSTED interest einvn the surplusclaiming from Divsion,Naples,Te Fnames and BARRED.-5324. 733.702 WILL BE FOREVER the Board pr proceedingswill ed record of pertaining BUYER Since 1977. the sale,if any,other than the addresses of the Personal NOTWITHSTANDING thereto and therefore,may All Vehicles wanted property owner as of the date Representative and the THE TIME PERIODS SET FORTH need to ensure that a verbatim There's Rod or lira(239)774-7360 of the IIs ppendensymust file a Personal Representative'siABOVE, ANY CLAIM FILED record of the proceedin s is WE ACARS,ino1000 after thethsale. The Court,daysn attorney arell scredit rs oflthe TWO DECEDENT'S DATE thetltestimonrecord evidence Etc.An$100,100 frome1.000 its discretion,may enlarge the Decedent and other persons OF DEATH IS BARRED. upon which the appeal Is tam(239)500. Please call Yno place Sam(139)595-4011 time of the sale.Notice of the having claims r demands based. changed time rot sale shall be against Decedent's Estate on The doe of first publication of published as Provided herein. whom a copy of this notice is this notice is February 2.1018. d you are a person with a required to be served must disability who needs any Date:January 26,2018 file their claims whh this court Attorney for Personal accommodation In order to DWIGHT E.BROCK 3 MON OR BHSORE AFTER THE THE TIME Kristen M.lackson.Attorney Y area participate Ilei'no cost to pica here Clerk of the Circuit Court OF THE FIRST PUBLICATION Florida Bar Number:394114 you,tothe provision of certain CemCtery Lots OF THIS NOTICE OR 30 DAYS JACKSON LAW PA assistance. Please contact - By:Patricia Murohy AFTER THE DATE OF SERVICE 54015 Kirkman Road.Ste 310 the Collier County Facilities (2)MAUSOLEUM SPACES, Deputy Clerk of the Court OF A COPY OF THIS NOTICE ON Orlando.FL 32819 Management Department side by side,in THEM. Telephone:(407)363-9020 located at 3335 Tamiami Trail Real Estate Naples Memorial Gardens; Prepared by: All other creditors Fax:(407)363-9558 East,Suite#101,Building W, 513,000/both Tromberg Law Group P.A. of the Decedent and other E-Mail: kjackso nip Naples,Florida 34112.(239) (239)353.5164 1515 South Federal Highway, persons having claims or jacksonlawpa.com 25-8380.Assisted listening -- Suite 100 demands against Decedent's Secondary E-Mail: Ilse® devices for the hearing Boca Raton,FL 33432 Estate must file their claims jacksonlawpa.com impaired are available inwias lig' th this court WITHIN 3 the County Commissioners' Ler els FIf you are a person with a MONTHS AFTER THE DATE OF Personal Representative: Office. 11 —, disability who needs any THE FIRST PUBLICATION OF Sherman A.Benoit accommodation in order to THIS NOTICE. 100 Prospect Street BOARD OF COUNTY ® 11 III participate in this proceeding, ALL CLAIMS NOT Putnam,Connecticut 06260 COMMISSIONERS you are entitled,at no cost FILED WITHIN THE TIME February 2,9,2018 No.1912154 COLLIER COUNTY,FLORIDA to you,to the provision of PERIODS SET FORTH IN ANDY SOLIS,CHAIRMAN "CALL FOR BUSINESS certain assistance. Please FLORIDA STATUTES SECTION PLANS:Florida Park Service contact ADA Coordinator 733.702 WILL BE FOREVER Ordinances/Pet it'ions DyyWIGHT E.BROCK,CLERK seeks business partner to Adlminngistrative John ervices BARRED.NOTWITHSTANDING Clerk Vergara,Deputy Myakka River StatevPark n Manager Eastt Tamami28a00 THE TIME PERIODS SET FORTH NOTICEOaFOIN nuweE February 2,2038 No.1913286 Sarasota, FL. Mandatory Suite 501,Naples,Fl 34112 TWO (2) YEARS OR MORE kRDD1ItN( Find Meeting will be held at 9:00 Notice is hereby given that yours at am Eastern 2/13/2018.More at least 7 days before your AFTER THE DECEDENT'S DATE on Toes,°y February 13 at floridastateparks.org/ scheduled court appearance, OF DEATH IS BARRED. 2018. In the Boardroom, There's n9 place like here! IS 7 fpsCFBP". or immediately upon receiving The date of first Thud Floor, Administration loG'Q./• eG1S February 2,3,4,7,9.30.11, this notification s the time publication of this notice is Building, Collier County Naples DadyNews LoaNleds 2018 No.1900396 before the scheduled February 2,2018. Government Center, 3299 appearance s less than 7 NOTICE OF PUBLIC MEETING days:if you are hearing or Attorney for Personal Tamiami Trail East,Naples, AND FINAL ORDER N0.2018-03 Florida.the Board of County It—first Si:Hi Ir COLLIER COUNTY WAER AND vows impaired,ca11711. Representative: Commissioners will consider IMAGINE CHILDREN'S HEALTH WASEWAER AUTHORITY February THE CIRCUIT OURT OFF76 MARTIN H.BODIAN,1D,CPA, the enactment of a County Collier County hereby CENTER REQUEST FOR 2800 NORTH HORSESHOE IN THE CIRCUIT COURT PLLC Ordinance.. The meeting advertises on January 30th, BIDS FOR PROJECT #07-15. DRIVE NAPLES,F134104 THE TWENTIETH JUDICIAL Florida Bar No.0654094 will commence at 9:00 A.M. 2018; Bid No: 18.7303 for Accepting bids in the Health CONFERENCE ROOM 609/630 CIRCUIT,IN AND FOR COLLIER MARTIN H.BODIAN The title of the proposed the construction of "Davis of IMAGINE Children's Heath COUNTY FLORIDA 7272 FENWICK PLACE Boulevard(SR 84)(Whitten Center, prior to 2:00 p.m., MONDAY,FEBRUARY 12,2018Ordinance is as follows: 2:00 P.M. CASE No.201504001114 SOCA RATON,FL 33496 Drive to Santa sorban on February lo, 2018. 770 Telephone:561-466-5989 AN ORDINANCE OF THE BOARD Boulevard) Landscape and Glendale Avenue,Naples,FL A FINAL ORDER OF THE DEUTSCHE BANK NATIONAL OF COUNTY COMMISSIONERS Irrigation Installation Prefect" 34110,is accepting proposals TRUST COMPANY, AS Personal Representative: located In Collier County, from commercial contractors COLLIER COUNTY WATER AND TRUSTEE, IN TRUST FOR Eileen Mauska f AMENDING CO ORDINANCENNO, - WASTEWATER AUTHORITY, p AMENDING NO. Florida,for sealed bids to interested o providing OFFE O REGISTERED HOLDERSEY 3821 Huelva 3 109 be received no later than construction opportunity nto e PURSUANT TO SECTION 1-6, CREATE,AS THENDED,EMAN HG. 966. AS ORDINANCE MORGAN STANLEY ABS Fe raary2,R,09 CREATED THE NTENANCN FMeal 2018 non-mandatory 3.11111 PM adamagefromHurricane N0. 96-6, AS AMENDED, CAPITAL I INC.TRUST 2 SS- February 19,1018 No.1912104 CREEK MAINTENANCE local time. A non-mandatory Irma. Contact mbarrowe PROVIDING FOR THE NC2, MORTGAGE PASS- IN THE CIRCUIT COURT FOR DREDGING MUNICIPAL pre-bid is scheduled for Februaechc.com. ADOPTION OF THE 2018 PRICE THROUGH CERTIFICATES, COLLIER COUNTY, SERVICE TAXING UNIT, TO February 7th,2018 at 11:0• February 2.4,2018 No.1912819 INDEX FACTOR SET ANNUALLY SERIE52005-NC2, FLORIDA PROBATE DIVISION INCREASE THE GEOGRAPHIC BY THE FLORIDA PUBLIC PLAINTIFF, BOUNDARY OF THE UNIT; Request for Bids [torso.,1-Use�ci- SERVICE COMMISSION, FOR IN RE:ESTATE OF PROVIDING FOR INCLUSION UTILIZATION IN PRICE INDEXFile No. IN THE CODE OF LAWS AND INVITATION TO BID RATE APPLICATIONS FOR VS. 11-2017-CP-002745-0001-XX ORDINANCES;PROVIDING FOR NONEXEMPT WATER AND/ K.JACK BREIDEN,ET AL CONFUCT AND SEVERABIDTY; Notice is hereby given that the Board of Commissioners for the OR WASTEWATER UTILITIES MARIE J.BENOIT A/K/A AND PROVIDING FOR AN Collier Mosquito Naptrol les.Collict(CMCDD),at CMCD Headquarters PROVIDING SERVICE IN MADEFENDANT(S). Deceased IE NNE BENOIT EFFECTIVE DATE. 60ce0 Nverth Road,SEALED BIDS for furnishing MOSQUITO CON will ROL UNINCORPORATED COLLIER g COUNTY AND THE CITY OF A Copy of the proposed receive AND LARVICIDES listed below. MARCO ISLAND,FLORIDA. NOTICE OFSALE LOSURE NOTICE TO CREDITORS Ordinance is on file with the NOTICE IS HEREBY GIVEN Clerk to the Board and ADULTICIDES LARVICIDES COLLAR COUNTY WATER AND The administration available for inspection. All WASTEWATER AUTHORITY Of For nttothe FatedJudgment of eMari of Marcel.Benoit interested parties are invited Naled BTi Aqueous Solution LOWELL LAM,CHAIRMAN of Forecosure dated January A/K/A Marie Jeanne Benoit, to attend and be heard. Pyrethrins BTi Granules/Pellets/Water Dispersible Granules January 29,1018 10,2018 n the above action, deceased, whose date oDetamethrin BTI*Bacillus sphaericus Granules I will sed to the highest bidder death wasCer 5,2017,is NOTE All persons wishing Etofenprox BTi Methoprene Granules the February 2,2018 No.1908372 for cash at Collier County. pending In the Circuit Court weak onany agenda Sumithrin Methoprene Pellets register Florida, on February 14. for Collier County, Florida, item must gi ter with Methoirene Aqueous Solution L,•�.�I 2018,at 11:00 AM,at Lobby Probate Division,the address the County ad minidrathe Spinosad Liquid Emulsifiable Concentrate 3rd Floor Courthouse Annex of which is P.O.Box 413044, Om toda-presentation of the Spinosad Granules of IMAGINE CHILDREN'S HEALTH 3315 Calor T nilaml Tai,Naples,rthouse namles'and addresses of the IndividualFL 34101-3044.The speakers be ddw will beCENTER Spinosad Tablets IDS FOR PROJECT #07-UEST 06. FL 34112 for the following personal representative and limited to 3 minutes on any Bids will be accepted until 5:00 p.m.on Tuesday,February20 described property: the person representative's item. The selection of an Accepting IMAGINE bC s In the's office attorney are set forth below. individal to speak on behalf a.m.on Wednesday.lFebruarlyyc 21.2018.CMCDhe award of Bid will be Cf nter pri Chtlren s Health.m. ALL THAT CERTAIN All creditors of the of an organization Or groupis subsequently made by theon yCMCD Board of Commissioners at its CONDOMonnter, prior to 2.01 P•770 SITUATED IN THE COUNTY having M UNIT decedent laims other demands the Char an�a spokesperson welcome welcome to be present for the opening of the bids. All Bidders are on February 10, 2018. 770 22, Glendale Avenue,Naples,FL OF COLLIER AND STATE OF against decedent's estate on for a group or organization pro10.po IMAGINE is acceptingp FLORIDA,BEING KNOWN AND whom a copy of this notice is may be allotted 10 minutes to Prior to submitting a proposal,BID DOCUMENTS must be proposals ontra torero interested DESIGNATED AS UNIT 2601. required to be served must speak on an item. obtained byy calling(239)436-1000 or by download from the providing construction NAPLES WINTERPARK V, A file their clams with this court District website:www.collier-mosquito.org. dock an opportunity to daairggcanal TO THE CONDOMINIUM, ACCORDING OF 3 MONTHSOR DRE AFTERETHE TIME written orwgglraphic g tmaterials The Board reserves the right to reject any or all proposals and to NDOMINIM Hurricane Irma,for additioned al wiNTERVARK V. RECORDED R NAPLES of THIS FIRST EPOR PUBLICATION packets included imust he Bsubm tg saidinforwaive any and all formalities. mbarmati mayinechc.coon m.Ct IN OFFICIAL RECORDS BOOK AFTER THE DATE OF SERVICE material a minimum f 3 By order,of the Board of Commissioners,Collier Mosquito February 2-4.2018 No.1912824 22%,PAGES 2219 THROUGH OF THE PUBLIC RECORDS THEM. F THIS NOTICE ON weeks public hearingg the espewse Control District,Naples,Florida. NOTICE OF INTENT TO OFCOLLIER COUNTY,FLORIDA. All other creditors written materials Intended to David H.Farmer,Chair REGISTER FICTITIOUS NAME Any person claiming an of the decedent and other be considered by the Board February 2,2018 No.1913417 NOTICE OF ACTION Interest in the surplus from Notice Under Fictitious Name the sale,If any,other than the l::Elio.,“,. _; Rublic Notices Public Notices Public Notices Law Pursuant to Section property owner as of the date NOTICIS HEREBY Statutes of the lis pendens must files # mss,# Poky/Byaw Title Rationale for Policy/Bylaw Adoption,Reelsan or Retraction NOTICE gne undersigned,Must Havee aalm within sixth(CCourt,din R-1-38 2120 School Improvement Revisions brought forward by staff to change grade levels associated Ina gengage after the sale. The e business desiring to engago is its e discretion,sale.,may oboe f the with Early rought System and add o up ate stage naeeof I Ler the c tied t cine aled ti oNotice al the R-3-18 2280 PhysicallInstructiontn Revisions brought forward by staff to update statutory language name54of Trade Ceolan loay, ale publishe time ro ide shalle ne R-4-18 2520.01 Insruconalte Revisions brought forward by staff based oe tat tory language 2014 heCenter Way,Suite published as provided herein. R-F38 2520 Instructional sMaterials from Bs brought forward by staff based on statutory changes derived 201,in the County of,Intends in andResourcesfrom HB 989 to register erFlorida,heaid so Intends Date:January 17,2018 R-5-18 31204 Employment of Administrators Revisions brought forward01an bystaff to Incorporate language from theDivisionthe said DWIGHT E.BROCK R-6-18 31201 Employment of Instructional Staff Retractiopolicies brought forward y staff to combine into policy 3120A of the Florida Department of Clerk of the Circuit Court R-7-18 31205 Employment of Support Staff Retraction brought forward by staff to combine into policy 31204 State Tallahassee,Florida. R-8-18 3120.041 Employment of Guest Teachers Revisions brought forward by staff to incorporate language from policy Dated at Naples, Florida, By:/V 3120.045January 30,2018. Deputy Clerkof the Courtg y ght forward by staff to combine into February 2,2018 No.1910800 Prepared by: R-11s 8 31281 3120.04S Employment Contract Instructional Revisions broughtpolicy PI Leader brought forward by staff to be compliant with F.S.215.425, R-10-18 3128A Employment Contact-Administrators Retraction bht forward by staff to combine into polio 31281 Tromberg Law Group,P.A. F.S.1012.335 and incorporate language from policy 3128A Notice Of Foreclosure 1515 South Federal Highway, R-12-18 3140A Suspension or Dismissal of Revisions broughtforwerd by staff to Incorporate retracted Suite 100 Administrative Staffolicies 31401 and 31405 IN THE CIRCUIT COURT OF Boca Raton,FL 33432 R-13-18 31401 Suspension or Dismissal of Retraction brought forward by staff to combine into policy THE TWENTIETH JUDICIAL Instructional Staff 31404 CIRCUIT,IN AND FOR COLLIER If you are a person with a R-14-18 3140S Suspension or Dismissal of Support Retraction brought forward by staff to combine into policy 3140A COUNTY,FLORIDA. disability who needs any Staff CASE No. accommodation In order to R-15-18 3150A Resignations of Administrators Revisions brought forward by staff to Incorporate retracted policies 112016CA0013550001XX you in this proceeding, 31501 and 31505 to you,to entitled, pat no ovison of R-17-18 31505 Resignations of Supporrtt1StaffStaff Retractioncctbrought forward by staff to combine into policy 3150A WELLS TRUSTEE BANK, N.A., y OF T E HOL RS E certain assistance. Pleasenatr R-19-18 6620.07 Sick save Pool Revisions brought forward by staff toe to the procedural nal language HOFA THE HOLDERS OF THE contact ADA Coordinator r, R-19-18 6620 Petty Cash Funds Revisions broughtCo forward(F.A. by staff due to changes in Florida LAN IEW MORTGAGE Admin County,ioJohn Cartes AdR-20-18 9800 Charter Schools Revisions brive ou ht o wad C) LOAN TRUST MORTGAGE Administrative Servicesbrought forward by staff to make changes derived LOAN PASS-THROUGH , 3315Manager at 2niami-8800 from HB 7069 CERTIFICATES,SERIES 2006- Suite 5 East Tamiami Track NOTICE OF PUBLIC HEARING 12, alest Naples,or 3yo1r FOR ADOPTION,REVISION AND RETRACTION OF SCHOOL BOARD POLICIES PLAINTIFF. at least 7 days before your The School Board of Collier County,Florida gives notice that it will hold a public hearing during the Regular School Board scheduled court appearance, in ry s VS. or no ifioatyupon theetime Meeting les,March118, 4:30 llp.m.Inthe invited the t ad ttend.at the Dr.Martin Lather King,Jr.Administrative Building,57750sceola this notitiw4on if the scheduled Trail,Naples,g 34109 which all atter to are invited a attthd. ALEXANDRA MARTINEZ A/K/A appthe ss thane? Thngeneralsubject police soseecodernd the he hearing iethe rSchoolopcurrent School Board 1001.49(4), and de ALEXANDRA JIMENEZ A/K/A appearanceys: is less than 7 Statutes.ofM new School Board lb as recommended with bo the toSuperintendent of Schools pursuant to Sectionnce the hFlorida ALEXANDRA J. Z A/K/A voice if you are hearing or Statutes.Members of the rpublicrwillo be provided with aB opportunityrtoo ter testimonyandotheralof thosee to toealaSchool Board ALEXANDRA J.MARTINEZ.ET January ry Impaired,. b Cary 2 cornering the revisionheSuperintendent. nonaction Writtenof current School Board a uittthe inclpusio of the rr all df those School board ressing AL. January 26,Febma o 18988 them to Dred byKome ta P tt0n,Supernte. ntofcomms,ts 5770 maybelaTroll, submitted forls,Florida i3 1 record oftheppublhearingic h by i gddressing DEFENDANT(S). No.1898413 them to Dr.TKamen Pt f euporines ache uedhor Schools,5775 and reTrok Na or these prpose for aetpeon mahearing. The content of the policies scheduled for revision and retraction or those rough h for adoption District's be foundx eato the NOTICED SALE FORECLOSURE N L ,�•f ig c'.r. r�,r, School District's website(s and Community Engagement, gage ant, ror egin rc paper-copy form through the office of the Dls[rict's Executive 0. NOTICE IS SALE GIVEN IN THE CIRCUIT COURT FOR Director oPursuant nt Communications ns of the Americans with Disabilities Acat t,any person requiring special accommodations to pursuanttothe Final Judgment COLLIER COUNTY, pt leastet hours before publicherngrIs askeding by contacting the him District's triE1Executive Director of Communications and Community Engagement of Foreclosure dated January FLORIDA PROBATE DIVISIONIF A PERSON DECIDES TO APPEAL ANY DECISION MADE BY THE SCHOOL BOARD WITH RESPECT TO ANY MATTER lo,2018 in the ghes a CONSIDERED.HE WILL NEED A RECORD OF THE PROCEEDINGS AND,THEREFORE,MAY NEED TO INSURE THAT A VERBATIM RECORD I will sell to thehighest oidide,dder File No.20I6CP1883 for cash at Collier County, OF THE PROCEEDINGS IS MADE.THE RECORD MUST INCLUDE THE TESTIMONY AND EVIDENCE UPON WHICH THE APPEAL IS TO BE BASED. Falorida,:00 on February 31,Floor IN RE:ESTATE T. Dated this 29th day of January,2018 Kamela Patton Courthouse AM, at Annex of Floor MARIA NORAT __�� Courthouse Annex of Collier Patton,Ph.D. County,TourtNaples, 3315 E.12 Deceased. anlFebruary 2,2018 Superintendent of Schools No.1908846 Tamiami Tail.Naples,FL 34112