Agenda 09/08/2020 Cedar Hammock Community Development District
Board of Supervisors
Norman Day,Chairman Justin Faircloth,District Manager
Quentin Greeley,Vice Chairman Sam Marshall,District Engineer
Fred Bally,Assistant Secretary Dan Cox,District Counsel
John Martino,Assistant Secretary
Gene T.Bolton,Assistant Secretary
Meeting Agenda
September 8,2020—2:00 p.m.
Via Zoom
Meeting ID: 830 4328 9952 Meeting URL: https://us02web.zoom.us/j/83043289952
Call in Number: (929) 205-6099
1. Roll Call
2. Approval of Agenda
3. Public Comments on Agenda Items
4. Old Business
A. Bulkhead&Bridge Repair/Replacement Project Update
i. Kipp Schulties Golf Design, Inc. 7/14/20 Update
ii. Kipp Schulties Golf Design, Inc. 7/22/20 Update
iii. Kipp Schulties Golf Design,Inc. 7/30/20 Update
iv. Kipp Schulties Golf Design, Inc. 8/6/20 Update
v. Kipp Schulties Golf Design, Inc. 8/13/20 Update
vi. Kipp Schulties Golf Design, Inc. 8/26/20 Update
vii. Bridging Solutions, LLC 7/15/20 Wall Construction Diary Update
viii. Bridging Solutions, LLC 7/15/20 Bridge Construction Diary Update
5. New Business
A. Florida Reserve Study and Appraisal, Inc. Funding Reserve Analysis 8/20/20
6. Attorney's Report
7. Engineer's Report
A. Cardno Quarter 2 Water Use Compliance Report
B. Proposed Asset Exhibit to the 4/22/08 Facilities Operation & Maintenance
Memorandum of Agreement Between Cedar Hammock Community
Development District&Cedar Hammock Golf& Country Club, Inc.
8. Manager's Report
A. Approval of the Minutes of 5/12/20 Meeting
Cedar Hammock CDD
September 8, 2020
Page 2
B. Approval of the Minutes of 5/26/20 Continued Meeting
C. Acceptance of the 7/31/20 Financial Report
i. Operating Reserves Discussion
D. FY21 Budget Discussion
E. Email Regarding Total Asphalt Technology
F. 5/1/20 Field Management Report
G. Discussion of Amendments to Website Requirements
H. Follow Up Items
9. Supervisors Requests
10. Audience Comments
11.Adjournment
Next scheduled meeting: October 12, 2020 @ 2:00 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
int-3
PART Of THE USA TODAY NETWORK
Published Daily
Naples, FL 34110
CEDAR HAMMOCK COMMUN ITY
210 N UNIVERSITY DR#702
CORAL SPRINGS, FL 33071-7320
Affidavit of Publication
STATE OF WISCONSIN
COUNTY OF BROWN
Before the undersigned they serve as the authority,
personally appeared said legal clerk who on oath says that
he/she serves as Legal Clerk 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
Naples, 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.
Published:09/01/2020
Subscribed and sworn to before on September 1,2020:
0J_o__1 vl un
Notary,State of WI,County of Brown
TARA MONDLOCH
Notary Public
State of Wisconsin
My commission expires August 6,2021
Publication Cost:$381.50
Ad No:0004353016
Customer No: 1304217
PO#: Cedar Hammock fy2021 mtgs
#of Affidavits1
This is not an invoice
Notice of Meetings
Cedar Hammock Community
Development District
The Board of Supervisors of
the Cedar Hammock Com-
munity Development District
will hold their meetings for
Fiscal Year 2021 at the Cedar
Hammock Clubhouse', 8660
Cedar Hammock Boulevard,
Naples, Florida at 2:00 p.m.on
the second Monday of the fol-
lowing months:
September 8,2020—special
meeting of FY2020
October 12,2020
November 9,2020
December 14,2020
January 11,2021
February 8,2021
March 8,2021
April 12,2021
May 10,2021
*Please note that pursuant to
Governor DeSantis' Executive
Order 20-69 (as extended by
Executive Order 20-ISO and as
it may be further extended or
amended) relating to the
COV(D-19 public health emer-
gency and to protect the pub-
lic and follow the CDC guid-
ance regarding social
distancing, such public hear-
ing and meeting may be held
telephonically, virtually, or at
another location in the event
the above location is not
available. Please check the
District's website for the latest
infomration: wv,wv.cedarham
mockcdd.com, ' Or you may
contact the District Manage-
ment Company, inframark,
LLC at 954-603-0033 at least
two(2)calendar days prior to
the date of the meetings or if
you are hearing or speech im-
paired, please contact the
Florida Relay Service at 7.1.1
or (800) 955.8771 (TTY)i(800)
955-8770 (Voice) for aid in
contacting the District Man-
agement Company, for in-
structions on how to join the
meeting.
The meetings are open to the
public and will be conducted
in accordance with the provi-
Sion of Florida Law for Com-
munity Development Districts.
Meetings may be continued
to a date, time and location
to be specified on the record
at the meetings.
There may be occasions when
one or more Supervisors will
participate via telephone. In
accordance with the provi-
sions of the Americans with
Disabilities Act, any person re-
quiring special accommoda-
tions at these meetings be-
cause of a disability or physi-
cal impairment should contact
the District Management
Company, Inframark, LLC at
954-603-0033 at least two (2)
calendar days prior to the
date of the meetings. If you
are hearing or speech Im-
paired, please contact the
Florida Relay Service at 7-1-1
or (S00) 955-8771 (TTY)l(800)
955-8770 (Voice) for aid in
contacting the District Man-
agement Company.
Each person who decides to
appeal any action taken at
these meetings is advised that
person will need a record of
the proceedings and accord-
ingly, the person may need to
ensure a verbatim record of
the proceedings is made, in-
rliviinn the tecrimnn,, and evi-
dence upon which such ap-
peal i5 to be based.
Justin aircloth
District Manager
Pub Date: Sept 1, 2020
x435301.6
From: Kipp Schulties<kschulties@gmail.com>
Sent:Tuesday,July 14, 2020 9:49 PM
To: Faircloth,Justin<justin.faircloth@inframark.com>;Jim Kurtzeborn<gm@cedarhammockcc.com>
Subject: Fwd:Cedar Hammock
Justin and Jim -
Quick summary of work progress finally a week with more progress week over week than we have
seen in some time. See pictures attached
Hole 7 -all is completed other than landscaping (by Owner) and pouring the new cart path from the
back tee out to the street.This is to be done next week.
Hole 5 -four rows of rock has been installed everywhere around the island. Today, I laid out all the tees
and cart paths. The two forward tees will be prepared for grass this week and sodded early next week.
The fifth row of rock over the culverts is still pending as work has shifted back to hole#4 for the
moment.
Hole 4-three rows of rock completed in front of green. We expect#4 to now be completed by the end
of July(or in about 2 to 2.5 weeks). Accordingly, we have informed the Club that the new trees behind#
4 green should be installed during the last week of July. The Club has made a deal with one of my other
projects (Gulf Harbour)to take the 7 silver bismark palms that had originally been ordered by the CDD
for the 4th hole. They will be going with other trees that will be provided by O'Donnell Landscaping. I
will be laying out the sand bunkers on both sides of this green next week and start that construction
shortly thereafter.
Hole 10-the land bridge is completed and we are now awaiting the installation of the culvert pipe. The
dewatering pump will no longer be needed on hole#4 by early next week and will then be moved to
hole#10 to start the construction of the shelf under the rock wall.
KS
Kipp Schulties
President
KS
Kipp Schulties Golf Design, Inc
123 Andros Harbour Place
Jupiter,FL 33458
561.626.7812(office)
561.373.1975(cell)
www.k sgol fde sign.co m
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From: Kipp Schulties<kschulties@gmail.com>
Sent:Wednesday,July 22, 2020 11:50 PM
To: Faircloth,Justin <justin.faircloth@inframark.com>;Jim Kurtzeborn <gm@cedarhammockcc.com>;
Sam Marshall<smarshall@bankseng.com>; Ralph Verrastro<ralph@bridging-solutions.com>
Subject: Fwd:
Justin -quick summary of work since the report.
Hole#4: rock wall is complete. All back fill is complete as of this afternoon. Bunkers are being shaped
and will be done early next week(next I am there). Trees behind the green are scheduled to be installed
next Tuesday by O'Donnell Landscaping. Cart path will be installed (tentatively) next Thursday or Friday
and hole will be grassed out early the following week. FYI-there is a picture attached of a fully loaded
dump truck with 20 tons of material in the truck(not including the weight of the truck)driving over the
culvert on#4- no issue at all,thus good for an ambulance.
Hole#5: 5th row of rock over both culverts is being installed now and should be done by next
Monday. Tees are constructed and waiting for irrigation and sod. Concrete cart paths will be installed
right after hole#4 followed by grassing. This hole will be completed during the first week of August.
Hole#7: All work is done and just awaiting the cart path work. This is scheduled for next Tuesday and
Wednesday. This hole will be completed by the end of next week.
Hole# 10: culvert is installed. Rock wall work will commence early next week and we expect this to be
done around August 17-which is also the date that the nines will be flipped (front nine will open and
back nine closes ). On this date,the work on hole# 16 will commence (although there may be a little bit
done while the hole is open) and the bridge on# 18 will be re-constructed. Any time after about the
24th of August,the Club can open holes 1-15.
We made an arrangement with Treviso Bay for imported fill material that is about 35% less than had
been arranged prior via Glase Golf. I have authorized up to 60 loads to be delivered which should satisfy
everything the project needs and what the Club needs over on hole# 16(which is their
responsibility). This 60 loads equates to about$ 16,000. I have been carrying$ 20,000 in the budget for
imported material. Also,this$ 16,000 will be shared between the CDD project and the Club as part of
this will be used to fill hole# 16. The accounting to be done later as we needed to take all of it at once
in order the make this deal happen.
I will next be on site Tuesday and Thursday next week.
Kipp Schulties
Kipp Schulties
President
KS
Kipp Schulties Golf Design, Inc
123 Andros Harbour Place
Jupiter,FL 33458
561.626.7812(office)
561.373.1975(cell)
srW.te.ksgolfdcsign.conn
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From: Kipp Schulties<kschulties@gmail.com>
Sent:Thursday,July 30, 2020 9:59 PM
To: Faircloth,Justin <justin.faircloth@inframark.com>;Jim Kurtzeborn<gm@cedarhammockcc.com>;
Sam Marshall<smarshall@bankseng.com>; Ralph Verrastro<ralph@bridging-solutions.com>; Lee
Marshall<Ieemarsha1100@gmail.com>;Todd Legan (golfmaint@cedarhammockcc.com)
<golfmaint@cedarhammockcc.com>
Subject: Fwd:Cedar Hammock
Project update:
Concrete path was completed on hole#7 today. Path will be poured on hole#5 tomorrow and
Saturday. Monday, concrete path will be poured at the bridge on hole# 1 and on hole# 13 (this is for
the Club directly and not part of the project). Tuesday and Wednesday, concrete path will be completed
on hole#5. Concrete will be poured on hole#4 on Thursday. Two loads of sod are coming tomorrow
(Friday) and grass will be installed from the fairway on hole#5 into the island (as far as the concrete
work gets to). Sod will also be installed over the entire island on hole#4 on Friday and Saturday other
than along the cart path. All bunkers on hole#4 will be completed and filled with sand by tomorrow.
Rock wall work has started on hole# 10. They expect to get two to three rows installed on the east side
of the culvert by Saturday. On Monday,the de-watering pump will switch to the other side of the lake
on hole#10 and then they will excavate out and install the shelf below the rock wall on Monday and
Tuesday next week and prepare that for rock installation.
5 silver bismark palms were installed behind#4 green on Tuesday and one silver bismark was installed
behind the most eastern tee on the island on hole#5.
We expect to flip the nines on August 10 or 11. At that time,work on hole# 16 will commence as well
as the bridge on holes# 18. Holes 1-9 will be open for play. Hole# 10 should be completed between
the 17th and 24th of August including all new cart path.
I will next be on site Tuesday and Thursday next week.
Kipp Schulties
Kipp Schulties
President
KS
Kipp Schulties Golf Design, Inc
123 Andros Harbour Place
Jupiter,FL 33458
561.626.7812(office)
561.373.1975(cell)
www.ksgol fdesign.com
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From: Kipp Schulties<kschulties@gmail.com>
Sent:Thursday,August 6, 2020 8:15 PM
To: Faircloth,Justin <justin.faircloth@inframark.corn>; Ralph Verrastro<ralph@bridging-
solutions.com>; Sam Marshall<smarshall@bankseng.com>;Jim Kurtzeborn
<gm@cedarhammockcc.com>;Todd Legan (golfmaint@cedarhammockcc.com)
<golfmaint@cedarhammockcc.com>
Subject: Fwd: Cedar Hammock
Project Update August 6, 2020: See pictures attached of cart path work coming across the bridge on
hole#5 (to be completed tomorrow), prepping for path on hole#4(to be poured on Monday), rock
wall progress on hole#10 (3 rows done on one side), and imported fill material from Treviso Bay staged
in the parking lot.
In a reversal from last week's update, it was decided between Glase Golf and Cedar Hammock on
Tuesday to wait until Monday the 17th to flip the course from the front nine to the back nine. This will
allow time for Glase to clean up the street between holes 4 and 5 and allow time for the grass to knit in
a little bit longer before being used. Hole#4 has been sodded and hole#5 island will be sodded early
next week.
Glase Golf anticipates the rock work on the culvert on hole#10 to be done by the end of next week and
it will take one more week to remove the old path, pour new path and re-sod a couple of tees that were
disturbed by construction.
Work on# 16 and the bridge on# 18 will commence on Monday August 17.
The Club continues to state that this work extending beyond the desired completion date is having little
if any negative financial impact and they are just glad to be able to get this all done in one summer.
Kipp Schulties
Kipp Schulties
President
KS
Kipp Schulties Golf Design, Inc
123 Andros Harbour Place
Jupiter,FL 33458
561.626.7812(office)
561.373.1975(cell)
www.ksgolfdcsign.com
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From: Kipp Schulties<kschulties@gmail.com>
Sent:Thursday,August 13, 2020 9:04 PM
To: Faircloth,Justin <justin.faircloth@inframark.com>
Cc:Sam Marshall<smarshall@bankseng.com>; Ralph Verrastro<ralph@bridging-solutions.com>;Jim
Kurtzeborn<gm@cedarhammockcc.com>;Todd Legan (golfmaint@cedarhammockcc.com)
<golfmaint@cedarhammockcc.com>
Subject: Fwd: Cedar Hammock
This is August 13, 2020 update:
Holes 4,5 and 7 are all done and just being cleaned up. The last bit of sod will be installed tomorrow
along with the landscaping. All cart path work is done and irrigation is installed.
The de-watering pump on hole# 10 will be turned off tomorrow and moved to hole# 16. Three rows of
rock will be completed on hole#10 by tomorrow with rows 4 and 5 completed by Wednesday next
week.
Wood bulkhead will be removed on hole# 16 starting on Monday,the lake de-watered and the pipe
extension installed later in the week. Later next week,the old cart path from#10 will be removed and
disposed in the lake on hole# 16 and the path area on hole# 10 will be prepared for the new path to be
installed during the week of August 24. Hole# 10 should be ready to open for play by August 31.
I will next be on site Tuesday and Wednesday next week. Please note, I will be out of town the entire
week of August 24 and will not be making a visit that week. I will coordinate with Scott and Glass Golf
on this-should be no issue as they will spend the majority of the next three weeks building the wall on
hole# 16 that we lay out next week.
Kipp Schulties
Kipp Schulties
President
KS
Kipp Schulties Golf Design, Inc
123 Andros Harbour Place
Jupiter,FL 33458
561.626.7812(office)
561.373.1975(cell)
www.ksgol fde sign.com
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From: Kipp Schulties<kschulties@gmail.com>
Sent:Wednesday,August 26, 2020 9:51 PM
To: Faircloth,Justin <justin.faircloth@inframark.com>;Sam Marshall<smarshall@bankseng.com>; Ralph
Verrastro<ralph@bridging-solutions.com>;Jim Kurtzeborn <gm@cedarhammockcc.com>;Todd Legan
(golfmaint@cedarhammockcc.com)<golfmaint@cedarhammockcc.com>
Subject: Fwd:
All-this is the update from my visit today. See pictures attached.
#10 is waiting on irrigation to be installed across the culvert. I am told this will happen on Monday and
Tuesday next week and concrete cart path will be poured on Wednesday and Thursday(weather
permitting). Then,the edges of the path will be back filled and readied for sod and landscaping(on the
culvert). Todd- please let Lance know that the end of next week should be good for landscape
installation on the culvert(next Friday-ish). While every little detail of# 10 may not be done by Labor
Day weekend, it is possible that this hole could be opened that weekend if desired (please discuss with
Scott about this)giving the Club holes 1-15.
# 16-The lake at the tee and the approach has been filled up to the controlled water elevation
(CWE). Today, I laid out the wall location and they have started to work on setting the bench for the
wall. Setting the bench will take about a day or day and half and then it will be ready for the gravel base
to be installed. The stacking of rock on hole#16 should begin early next week.
I looked at the pipe on# 10. You can only see the flaw if you stand across the lake by the homes (see
picture#3645 attached). You cannot see anything when on the golf hole. While I could not get up close
enough to see it because the lake was full, it does appear to just be a dent in the very end of the pipe
and no structural concern. I asked Glase Golf about it and they said that Artistic Structures must have
dropped a rock on the end of it or hit it with a piece of equipment. I asked Artistic Structures and they
said that Glase Golf damaged it while it was being installed. Not sure what the real story is, but will ask
them again when everyone is on site together(Travis was not here today). Travis did suggest that he
may be able to simply bend it back into place using a pipe wrench and something with some leverage as
it only seems to be impacting a few inches on the end of the pipe.
The bridge on#18, per my discussion with Travis today,should be completed and open for use by Labor
Day weekend.
KS
Kipp Schulties
President
KS
Kipp Schulties Golf Design, Inc
123 Andros Harbour Place
Jupiter,FL 33458
561.626.7812(office)
561.3'3.1975(cell)
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Bridging Solutions,LLC
15863 Secoya Reserve Circle BRIDGING
Naples,FL 34110 wpr SOLUTIONS
Tel.(239)216-1370
ralphtailbrideing-solutions.com
www.briking-solutions.com
PROJECT CONSTRUCTION DIARY
CEDAR HAMMOCK ROCK WALLS
March 2, 2020 to ???
Owner: Cedar Hammock CDD
Client: Cedar Hammock CDD
Contractor: Glase Golf
Engineer of Record: Bridging Solutions, LLC
Lead Inspector: Ralph Verrastro, PE
This item has been digitally signed and sealed by Ralph Verrastro, PE on the date adjacent to the seal.
Printed copies of this document are not considered signed and sealed and the signature must be verified
on any electronic documents.
We design bridges to fit your site and budget.
s131 BRIDGING
SOLUTIONS
March 2, 2020
We attended a construction meeting at the project site on hole #17 with representatives from
Banks Engineering, Kipp Shculties Golf Design Inc, Glase Golf and Artistic Structures Inc. to
discuss the logistics of the project moving forward. Artistic Structures is a subcontractor to Glase
Golf for the installation of the rock walls. We will coordinate with Travis Pritchett from Artistic
Structures, Inc. during construction of the rock walls. Glase Golf was in the process of removing
the timber walls and installing fill to form the shelf for the rock walls. The material was being
mined out of a portion of the adjacent lake bank. The material was a mixture of sand and rock
that was being used to create the shelf.
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BRIDGING
mapr SOLUTIONS
March 16, 2020
We met with Travis Pritchett with Artistic Structures (AS) and performed a visual inspection of
the construction of the rock walls at hole #17. They were in the process of placing the first layer
of rock for this wall which will need to be approximately 5 feet tall. The rocks vary in size and are
approximately 45" wide at the base which is in accordance with our design plans. The rocks are
being placed as close together as possible on top of a layer of#57 stone that was placed on top
of 2 layers of FDOT Type D-2 geotextile. One layer of geotextile ends near the back of the wall
and the other layer extends up on the embankment that will serve as siltation barrier between
the embankment and drainage layer of stone behind the wall. AS will install small broken
sections of rock or#57 stone in the larger gaps between the stones prior to installing a third layer
of geotextile immediately behind the wall. The third layer will of geotextile will be installed behind
the wall with enough slack to allow pushing it into the gaps between the stones to prevent the
geotextile from spanning the gaps.
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March 20, 2020
We met with Travis Pritchett with Artistic Structures (AS) and performed a visual inspection of
the construction of the rock walls at hole #17. They were in the process of placing the second
layer of rock for this wall. The maximum height of the rock is approximately 36" and these first
two layers have no setback. AS is planning to install a total of four layers of rock which will reach
a height of 5' to 5'-6".
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BRIDGING
Nor SOLUTIONS
March 27, 2020
We met with Travis Pritchett with Artistic Structures (AS) and performed a visual inspection of
the construction of the rock walls at hole#17. AS completed the placement of stones in between
voids in the rock layers on the back face of the wall. They were in the process of placing the
#57 stone drainage layer between the rock layers and the geotextile fabric at the back of the
wall. The rock wall is complete and has 4 layers, the maximum height of the rock varies between
5'-0" and 5'-6" and the setback batter varies between 4" and 6" which is in close agreement with
the design plans. •
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BRIDGING
ler SOLUTIONS
April 7, 2020
We met with Travis Pritchett with Artistic Structures (AS) and performed a visual inspection of
the construction of the rock walls at hole #17 and hole #4. The construction for hole #17 is
substantially complete and in accordance with our design plans. They were in the process of
placing the first layer of rock for hole #4. The rocks vary in size and are approximately 45" wide
at the base and 14" high which is in accordance with our design plans. The rocks are being
placed as close together as possible on top of a layer of#57 stone that was placed on top of 2
layers of FDOT Type D-2 geotextile. One layer of geotextile ends near the back of the wall and
the other layer extends up on the embankment that will serve as siltation barrier between the
embankment and drainage layer of stone behind the wall.
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BRIDGING
mar SOLUTIONS
April 10, 2020
We met with Travis Pritchett with Artistic Structures (AS) and performed a visual inspection of
the construction of the rock walls at hole #4. They were in the process of placing the third layer
of rock for this wall. The maximum height of the rock is approximately 47" and the setback batter
is approximately 2.5"which is in close agreement with the design plans. AS is planning to install
a total of five layers of rock which will reach a height of 6' to 7'.
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April 16, 2020
We met with Travis Pritchett with Artistic Structures (AS) and performed a visual inspection of
the construction of the rock walls at hole#4. They were in the process of placing the fourth layer
of rock for this wall. The maximum height of the rock is approximately 5' to 5'-2" and the setback
batter is approximately 5" which is in close agreement with the design plans.
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BRIDGING
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April 23, 2020
We met with Travis Pritchett with Artistic Structures (AS) and performed a visual inspection of
the construction of the rock walls at holes #4 and #5. The rock wall at hole #4 has a total of 5
layers, the maximum height of the rock varies between 6'-0" and 7'-0". At hole #5, the rocks are
being placed as close together as possible on top of a layer of#57 stone that was placed on top
of 2 layers of FDOT Type D-2 geotextile. One layer of geotextile ends near the back of the wall
and the other layer extends up on the embankment that will serve as siltation barrier between
the embankment and drainage layer of stone behind the wall. They were in the process of
placing the second layer of rock for this wall.
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BRIDGING
miry SOLUTIONS
April 30, 2020
We met with Travis Pritchett with Artistic Structures (AS) and performed a visual inspection of
the construction of the rock walls at holes #4 and #5. The aluminum tubes have been installed
at both locations and fill has been placed. The rock wall at hole #4 has a total of 5 layers and
the rock wall at hole #5 has a total of 3 layers.
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BRIDGING
Inv SOLUTIONS
May 6, 2020
We met with Travis Pritchett with Artistic Structures (AS) and performed a visual inspection of
the construction of the rock walls at holes #4 and #5. The second aluminum tube has been
installed at hole#5 and fill has been placed. The rock wall at hole #4 has a total of 5 layers with
a maximum height of approximately 6' to 7' with 5" of setback. The rock wall at hole #5 has a
total of 3 layers with a maximum height of approximately 4" of setback.
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low SOLUTIONS
May 14, 2020
We met with Travis Pritchett with Artistic Structures (AS) and performed a visual inspection of
the construction of the rock walls at holes #4 and #5. The rock walls appear to have been
constructed in accordance with our design plans.
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BRIDGING
Inv SOLUTIONS
May 21, 2020
We met with Travis Pritchett with Artistic Structures (AS) and performed a visual inspection of
the construction of the rock walls at holes #4 and #5. The rock walls appear to have been
constructed in accordance with our design plans. There was damage that occurred to the
installation of the aluminum pipe at hole #4 by Glase Golf.
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BRIDGING
liar SOLUTIONS
May 28, 2020
We met with Travis Pritchett with Artistic Structures (AS) and performed a visual inspection of
the construction of the rock walls at holes #4 and #5. The rock walls appear to have been
constructed in accordance with our design plans.
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BRIDGING
ispr SOLUTIONS
June 4, 2020
We met with Travis Pritchett with Artistic Structures (AS) and performed a visual inspection of
the construction of the rock walls at holes #4, #5 and #7. The rock walls at hole #7 are being
constructed by Glase Golf and are not in accordance with our design plans related to the required
front face batter of 5%. Some of top stones hang over the lower layers of rock. We were unable
to measure the exact batter because the walls are submerged. We were also not able to
measure the sizes of the rock at the base because they were already backfilled. There was minor
damage that occurred to the installation of the aluminum pipe at hole#7 by Glase Golf. The rock
walls at#4 and #5 appear to have been constructed in accordance with our design plans.
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16
BRIDGING
mggpr SOLUTIONS
June 12, 2020
We met with Travis Pritchett with Artistic Structures (AS) and performed a visual inspection of
the construction of the rock walls at holes #4, #5 and #7. The rock walls at hole #7 that are
being constructed by Glase Golf and are still not in accordance with our design plans related to
the required front face batter of 5%. The rock walls at#4 and#5 appear to have been constructed
in accordance with our design plans.
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BRIDGING
ispr SOLUTIONS
June 17, 2020
We met with Travis Pritchett with Artistic Structures (AS) and performed a visual inspection of
the construction of the rock walls at holes #4, #5 and #7. The rock walls at hole #7 are being
constructed by Giese Golf. The south side layer of rocks have been placed in accordance with
our design plans, but the north side layer of rocks are not placed in accordance with our design
related to the required front face batter of 5%. The rock walls at#4 and #5 appear to have been
constructed in accordance with our design plans. The rock walls at #5 range between 1 and 4
layers, the maximum height of the rock varies between 5'-0" and 5'-6" and the setback batter
varies between 4" and 6" which is in close agreement with the design plans.
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BRIDGING
mir SOLUTIONS
June 26, 2020
We met with Travis Pritchett with Artistic Structures (AS) and performed a visual inspection of
the construction of the rock walls at holes #4, #5 and #7. The rock walls at hole #7 are being
constructed by Glase Golf. The rock layers have been placed in accordance with our design
plans related to the required front face batter of 5%. The current rock height above the aluminum
pipe is approximately 34" at hole#7, 33" at hole#4 and there is no rock that has been placed on
either of the aluminum pipes at hole #5.
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BRIDGING
vow SOLUTIONS
July 1, 2020
We met with Travis Pritchett with Artistic Structures (AS) and performed a visual inspection of
the construction of the rock walls at holes #4, #5 and #7. The rock walls at hole #7 being
constructed by Glase Golf are substantially complete and appear to have been constructed in
accordance with our design plans. The current rock height above the aluminum pipe is
approximately 34" at hole #7, 33" at hole #4 and there is no rock that has been placed on either
of the aluminum pipes at hole #5.
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BRIDGING
my SOLUTIONS
July 9, 2020
We met with Travis Pritchett with Artistic Structures (AS) and performed a visual inspection of
the construction of the rock walls at holes #4, #5 and #7. The rock walls at hole #7 constructed
by Glase Golf are complete and appear to have been constructed in accordance with our design
plans. The rock walls at hole#5 currently have between 2 and 4 layers of rock. The current rock
height above aluminum pipe #1 at hole #5 varies between 16" and 18" and the current rock
height above pipe #2 is 16" on the west side no rock has been placed above the east side. AS
plans to install one additional rock layer on both pipes at hole #5 in the area surrounding the
pipes. The current rock height above the aluminum pipe is approximately 33" at hole #4 on the
north side and there is no coverage on the south side.
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Bridging Solutions,LLC
15863 Secoya Reserve Circle BRIDGING
Naples,FL 34110 MY SOLUTIONS
Tel.(239)216-1370
ralph(cr;brid ing-solutions.com
www.brideing-solutions.com
PROJECT CONSTRUCTION DIARY
CEDAR HAMMOCK GOLF CART BRIDGES
April 6, 2020 to ???
Owner: Cedar Hammock CDD
Client: Cedar Hammock CDD
Contractor: Artistic Structures
Engineer of Record: Bridging Solutions, LLC
Lead Inspector: Ralph Verrastro, PE
This item has been digitally signed and sealed by Ralph Verrastro, PE on the date adjacent to the seal.
Printed copies of this document are not considered signed and sealed and the signature must be verified
on any electronic documents.
We design bridges to fit your site and budget.
.,,liBRJDGING
SOLUTIONS
April 6, 2020
We met with Travis Pritchett with Artistic Structures (AS) and performed a visual inspection of
the timber being delivered for the construction of the golf cart bridges and reviewed the delivery
tickets. The timber meets the requirements specified in our design plans. The timber is being
stored temporarily in the clubhouse parking lot.
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ligpr SOLUTIONS
April 30, 2020
We met with Travis Pritchett with Artistic Structures (AS) and performed a visual inspection of
the timber bridge construction at hole #9. AS has removed all of the stringers and deck boards
from the previous bridge. They installed the piles and cap beams for the abutment and first
span. The timber size and spacing is in accordance with our design plans.
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BRIDGING
Nor SOLUTIONS
May 6, 2020
We met with Travis Pritchett with Artistic Structures (AS) and performed a visual inspection of
the timber bridge construction at hole #9. AS has installed the piles and cap beams for more
than 50% of the bridge. The timber size and spacing is in accordance with our design plans.
AS informed us that they received approval from Cedar Hammock CDD to leave the previous
piles and cap boards in place to avoid leaving the utility pipe temporarily unsupported. The
existing hangers will also remain in place. The pipe will be attached to the new piles and cap
beams in accordance with the design plans. AS anticipates completion of the pile and cap
beams for this bridge within the next
�4-5 working days.
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May 14, 2020
We met with Travis Pritchett with Artistic Structures (AS) and performed a visual inspection of
the timber bridge construction at hole #9. AS finished installing the piles and cap beams for the
bridge. The abutment and wingwalls at the begin bridge have been installed. The timber size
and spacing is in accordance with our design plans. AS anticipates completion of this bridge
within 7 working days.
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BRIDGING
mew SOLUTIONS
May 21, 2020
We met with Travis Pritchett with Artistic Structures (AS) and performed a visual inspection of
the timber bridge construction at hole #9. AS has completed installation of the substructure of
the bridge. The timber sizes and spacing is in accordance with our design plans. AS is finalizing
the installation of the deck boards.
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BRIDGING
mow SOLUTIONS
May 28, 2020
We met with Travis Pritchett with Artistic Structures (AS) and performed a visual inspection of
the timber bridge construction at hole #9. AS has completed installation of the superstructure of
the bridge. The timber sizes and spacing is in accordance with our design plans.
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BRIDGING
lepr SOLUTIONS
June 4, 2020
We met with Travis Pritchett with Artistic Structures (AS) and performed a final visual inspection
of the timber bridge construction at hole #9. AS has completed installation of the bridge and it
appears in accordance with our design plans. There is some damage to the concrete sidewalks
that requires repair work when the cart paths are poured. There are screws and nails that were
used for spacing during installation of the deck that are lodged between the deck boards that
require removal. Additionally, there is miscellaneous garbage on the work site that needs to be
removed. We spoke to Travis about these issues and he said he will take care of it.
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Florida Reserve Study and Appraisal, Inc.
12407 N. Florida Avenue
Tampa, FL 33612
Phone: 813.932.1588
Fax: 813.388.4189
www.reservestudyfl.com
Funding Reserve Analysis
for
Cedar Hammock CDD
September 1, 2020
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Tuesday, September 1, 2020 Page 1 of 39 Pages
Funding Reserve Analysis
for
Cedar Hammock CDD
Table of Contents
Pages Subject
1 Report Cover Sheet
2 Table of Contents
3 to 18 Reserve Study Summary
19 to 21 Reserve Item Summary
22 to 26 Reserve Item Listing
27 to 28 Present Cost Report
29 Cash Flow
30 Assessment Summary
31 to 34 Expense Report
35 to 39 Expense Summary
Tuesday, September 1, 2020 Page 2 of 39 Pages
Florida Reserve Study and Appraisal, Inc.
12407 N. Florida Avenue
Tampa, FL 33612
Phone: 813.932.1588
Fax: 813.388.4189
www.reservestudyfl.com
September 1, 2020
Cedar Hammock CDD
8660 Cedar Hammock Blvd
Naples, FL 34112
Board of Supervisors,
We are pleased to present to Cedar Hammock CDD the requested Reserve Funding study. We
believe that you will find the attached study to be thorough and complete. After you have had an
opportunity to review the report you may have questions. Please do not hesitate to write or call, we
would be pleased to answer any questions you may have.
Project Description
Cedar Hammock Community Development District("Cedar Hammock CDD or "District")is an
independent taxing district created and existing under Chapter 190 of the Florida Statutes. Cedar
Hammock CDD commenced operations in November 1999. Cedar Hammock is comprised of 799 units
which consist of single family homes and multi family homes. The community started construction in
2000 and home construction was completed in 2004. The CDD consists of 417.32 acres and is located in
Naples, Collier County, Florida.
Date of Physical Inspection
The subject property was physically inspected on July 31, 2020 by Steven Swartz.
Study Start and Study End
This Reserve Study encompasses the 2020-2021 fiscal year plus 30 years. The Study Start Date is October
1, 2020 and the study ends on September 30, 2051.
Governing Documents
A review was made of aerials and subdivision plats for the subject property.
Depth of Study
Reserve Study Update with Field Inspection A field inspection was made to verify the existing condition
of the various reserve study components, their physical condition, and to verify component quantities. In
place testing, laboratory testing, and non-destructive testing of the reserve study components were not
performed. Field measurements of component quantities were made to either verify improvement plan
take offs or determine directly the quantities of various components. Photographs were taken of the site
Tuesday, September 1, 2020 Page 3 of 39 Pages
Prepared by Florida Reserve Study and Appraisal
Cedar Hammock CDD Funding Study Summary-Continued
improvements.
Summary of Financial Assumptions
The below table contains a partial summary of information provided by Cedar Hammock CDD for the
Cedar Hammock CDD funding study. For the purpose of this report, an annual operating budget was set
to$0, as this report focuses only on reserve items.
Fiscal Calendar Year Begins October 1
Reserve Study by Fiscal Calendar Year Starting October 1, 2020
Funding Study Length 30 Years
Number of Assessment Paying Owners 799
Reserve Balance as of October 1, 20201 $ 173,042
Annual Inflation Rate 2.50%
Tax Rate on Reserve Interest 0.00%
Minimum Reserve Account Balance $0
Assessment Change Period 1 Year
Annual Operating Budget $0
I See "Financial Condition of District"in this report.
Recommended Payment Schedule
The below table contains the recommended schedule of payments for the next six years. The projected life
expectancy of the major components and the funding needs of the reserves of the District are based upon
the District performing appropriate routine and preventative maintenance for each major component.
Failure to perform such maintenance can negatively impact the remaining useful life of the major
components and can dramatically increase the funding needs of the reserves of the District.
Proposed Assessments
Fiscal Owner Total District Annual
Proposed
Calendar Annual Reserve
Reserve Balance
Year Assessment Assessment
2021 $306 $244,700 $287,952
2022 $314 $250,818 $470,461
2023 $322 $257,088 $210,837
2024 $330 $263,515 $352,156
2025 $338 $270,103 $627,022
2026 $347 $276,856 $816,723
*Annual Reserve Payments have been manually modified.
Payments have been modified to smooth payments over time.
Fiscal Year beginning October 1,2020
Tuesday, September 1, 2020 Page 4 of 39 Pages
Prepared by Florida Reserve Study and Appraisal
Cedar Hammock CDD Funding Study Summary-Continued
Reserve Study Assumptions
• Cost estimates and financial information are accurate and current.
• No unforeseen circumstances will cause a significant reduction of reserves.
• Sufficient comprehensive property insurance exists to protect from insurable risks.
• The District plans to continue to maintain the existing common areas and amenities.
• Reserve assessments occur annually.
• Expenses occur throughout the year, as services are provided.
Impact of Component Life
The projected life expectancy of the major components and the reserve funding needs of the District are
closely tied. Performing the appropriate routine maintenance for each major component generally
increases the component useful life, effectively moving the component expense into the future which
reduces the reserve funding payments of the District. Failure to perform such maintenance can shorten the
remaining useful life of the major components,bringing the replacement expense closer to the present
which increases the reserve funding payments of the District. Also, some reserve items may have the
phrase allowance after it. These reserve items are something that would not be fully replaced at one time,
but a small portion may have to be replaced periodically.
Inflation Estimate
Inflation has been estimated at 2.50 percent over the course of the study.
Initial Reserves
As of October 1, 2019, there was $835,114 set aside for reserves. This number does not include operating
reserves. The CDD is in the middle of a large scale renovation project to replace several bulkheads, cart
bridges, and culverts. The following is the projected breakdown of costs and how it affects reserves:
Reserves as of 10/1/19 $835,114
FY 19-20 Reserves $260,500
Special Assessment $1,079,117
Loan $1,300,000
Total Funds $3,474,731
Project Estimated Cost $3,301,689
Reserve Funds 10/1/20 $173,042
The projected reserve balance on October 1, 2020 will be$173,042. These numbers were obtained from
the District on the annual budget and the project expenditure tracking sheet. October 1, 2020 starts the
next fiscal year. September 30, 2021 marks the end of the fiscal year.
Tuesday, September 1, 2020 Page 5 of 39 Pages
Prepared by Florida Reserve Study and Appraisal
Cedar Hammock CDD Funding Study Summary-Continued
Financial Condition of District
The pooled method with inflation reserve projections estimate $306.26 per owner per year in fiscal year
2020-2021 and$244,700 in total funding.
At the current time, the District is considered to be 18 percent funded. This represents a poorly-funded
status. The higher the percent funded, the more likely a District is to avoid a special assessment.
The following are general measures to the health of a District based on the percent funding model: 0-
30% funded: poorly funded
30-70% funded: fairly funded
70-100% funded: well funded
100+% funded: very well funded
Special Assessments
No reserve items will require special assessments if the funding schedule is followed. However, funding
less than the suggested amounts will likely result in special assessments or for the replacement of an item
to be delayed.
Reserve Funding Goal
The reserve fund is set to be as close to Fully Funded as possible on an annual basis.
Study Method
Funding studies may be done in several ways, but we believe that the value of a funding study lies in the
details. "Bulk" studies are quick, usually inexpensive, and almost always border on worthless. We believe
that meaningful answers to funding studies lie in the details. This approach is pragmatic, and allows
human judgment and experience to enter into the equation.
Unless noted otherwise, the present cost of every reserve item in this report has been estimated using the
"National Construction Estimator", a nationally recognized standard, and modified by an area cost
adjustment factor. Where possible, known costs have been used. In addition,every reserve item has been
given an estimated remaining useful life, an estimated useful life when new, and has been cast into the
future to determine the inflated cost.
Equal annual payments are calculated for each reserve item based upon a payment starting year and a
payment ending year using the end of period payment method. Interest earned on accumulated reserve
funds and taxes on the reserve interest are also calculated. Initial reserve funds are consumed as expenses
occur until fully depleted,reducing annual reserve payments to a minimum. As you review this report, we
are certain that you will appreciate the level of detail provided, allowing you to review each reserve item
in detail.
Tuesday, September 1, 2020 Page 6 of 39 Pages
Prepared by Florida Reserve Study and Appraisal
Cedar Hammock CDD Funding Study Summary-Continued
Summary of Findings
We have estimated future projected expenses for Cedar Hammock CDD based upon preservation of
existing improvements. The attached funding study is limited in scope to those expense items listed in the
attached "Cedar Hammock CDD Reserve Study Expense Items". Expense items which have an expected
life of more than 30 Years are not included in this reserve study unless payment for these long lived items
overlaps the 30 Years reserve study envelope.
Of primary concern is the preservation of a positive funding balance with funds sufficient to meet
projected expenses throughout the study life. Based upon the attached funding study, it is our professional
opinion that owner fees as shown in the attached "Cedar Hammock CDD Assessment Summary" will
realize this goal. Some reserve items in the "Revenue Summary Table" may not contain payments. In this
analysis the initial reserves were used to make annual payments for expense items in their order of
occurrence until the initial reserve was consumed. As a result reserve items without payments may be
expected,particularly in the first few years of the funding study. Cedar Hammock CDD represents and
warrants that the information provided to us,including but not limited to that information contained in the
attached Reserve Study Information Summary, that the maintenance records are complete and accurate,and
that we may rely upon such information and documents without further verification or corroboration.
Where the age of a particular Reserve Item(as listed in the Reserve Study)is unknown, Cedar Hammock
CDD shall provide to us Cedar Hammock CDD's best-estimated age of that item. If Cedar Hammock
CDD is unable to provide and estimate of a Reserve Item's age, we shall make our own estimate of age of
the Reserve Item. The Reserve Study is created for the District's use, and is a reflection of information
provided to us. This information is not for the purpose of performing an audit,historical records, quality
or forensic analyses. Any on site inspection is not considered to be a project audit or quality inspection.
The actual or projected total presented in the reserve study is based upon information provided and was
not audited.
Percent Funded
Many reserve studies use the concept of"Percent Funded" to measure the reserve account balance against
a theoretically perfect value. Percent Funded is often used as a measure of the "Financial Health" of a
District. The assumption is, the higher the percentage,the greater the "Financial Health". We believe
the basic premise of"Fully Funded" is sound,but we also believe that the validity of the Fully Funded
value must be used with caution.
To answer the question, some understanding of Percent Funded is required. Fully Funded is the sum of
the depreciation of all the components by year. To get the Percent Funded,divide the year end reserve
balance by the Fully Funded value and multiply by 100 to get a percentage. The concept of Fully Funded
is useful when the reserve study is comprehensive,but misleading when the reserve study is superficial or
constrained. As a result, we recommend that the statement "Percent Funded" be used with caution.
Keeping Your Reserve Study Current
We believe that funding studies are an essential part of property management. People and property are
constantly changing and evolving. As a result, the useful life of a funding study is at best a few years, and
Tuesday, September 1, 2020 Page 7 of 39 Pages
Prepared by Florida Reserve Study and Appraisal
Cedar Hammock CDD Funding Study Summary-Continued
certainly not more than five years. This reserve study should be updated:
• At least once every few years
• At changes in the number of assessment paying owners
• Before starting new improvements
• Before making changes to the property
• After a flood or fire
• After the change of ownership or management
• After Annexation or Incorporation
Items Beyond the Scope of this Report
• Building or land appraisals for any purpose.
• State or local zoning ordinance violations.
• Building code violations.
• Soils conditions, soils contamination or geological stability of site.
• Engineering analysis or structural stability of site.
• Air quality, asbestos,electromagnetic radiation, formaldehyde, lead, mercury, radon, water quality or
other environmental hazards.
• Invasions by pests, termites and any or all other destroying organisms,insects,birds,bats or animals to
buildings or site. This study is not a pest inspection.
• Adequacy or efficiency of any system or component on site.
• Specifically excluded reserve items.
• Septic systems and septic tanks.
• Buried or concealed portions of swimming pools,pool liners,Jacuzzis and spas or similar items.
• Items concealed by signs, carpets or other things are also excluded from this study.
• Missing or omitted information supplied by the Cedar Hammock CDD for the purposes of reserve study
preparation.
• Hidden improvements such as sewer lines, water lines, irrigation lines or other buried or concealed
items.
Stormwater Drainage Notes
Cedar Hammock CDD has a large land area of 417.32 acres comprised of 799 units. The drainage for the
community is comprised of inlets, drainage pipes, and retention ponds.
The ponds have been constructed to engineering standards that include proper slopes and shore line
stabilization which includes erosion protection and approved backfill materials such as soils with a high
clay content covered within 2 inches of sand.
The entire residential area including all roads and open areas have a complete drainage system. Overall,
there are 85 curb inlets,45 grate inlets, 8 manholes, 5 control structures, 50 flared end sections, and 3
mitered end sections. Additionally, there is 12,567 feet of reinforced concrete piping ranging in size from
a 15 inch diameter to a 42 inch diameter.
Tuesday, September 1, 2020 Page 8 of 39 Pages
Prepared by Florida Reserve Study and Appraisal
Cedar Hammock CDD Funding Study Summary-Continued
Cedar Hammock Storm Water Pipes
Concrete:
Diameter Length Cost/LF Amount
15" 1722' 54.00 $ 92,988
18" 4132' 66.00 $272,712
24" 3750' 90.00 $337,500
30" 1560' 114.00 $177,840
36" 759' 138.00 $104,742
42" 630' 162.00 $102,060
Other Drainage:
Curb Inlets 85 @4000= $340,000
Grate Inlets 45 @ 3500= $157,500
Manholes 8@2900= $ 23,200
Mitered End Sections 3 @ 1900= $ 5,700
Flared End Sections 50@ 1900= $ 95,000
Grand Total $1,709,242
In general, the drainage system including drainage structures and drainage pipes have a long lifespan.
These improvements, however,may encounter problems from natural causes such as settlement or tree
roots and man made causes such as excavations or poor original design or poor construction. It has
therefore been deemed necessary to set up a reserve for repair and replacement of the District-owned
drainage improvements.
For the purpose of this reserve study, it is our opinion that 2.5 percent of the original system cost should
be set aside for reserves over a 5 year period, which would result in a reserve over that time of$42,700.
These reserves can also be used for deferred maintenance of the storm drainage system, as some minor
problems may occur at various times. The amounts shown in this reserve study should be analyzed and
adjusted in future reserve studies based upon actual District expenditures for such items.
Bulkhead Notes
Cedar Hammock has used bulkheads to stabilize their pond banks and golf course islands in some areas.
The original installation of bulkheads was wooden timbers, as low as 4 feet in height and up to 10 feet in
height. The District is in the middle of large scale renovation project to replace most bulkheads. The
bulkheads on holes 4, 5, 16, and 17 are being replaced with cap stone bulkheads, which is a more durable
material with a longer lifespan. The existing wooden timber bulkheads on hole 2,the putting green, and
the driving range are not included in this project and are considered to be in fair condition. For the
purpose of this report,it is assumed the existing wooden timber bulkheads not in the renovation project
Tuesday, September 1, 2020 Page 9 of 39 Pages
Prepared by Florida Reserve Study and Appraisal
Cedar Hammock CDD Funding Study Summary-Continued
will be replaced with a similar material.
Golf Course Bridge Notes
There are 8 golf cart bridge which cross a lake or wetlands area through the community. Originally, all 8
of the golf cart bridges were made of wood. With the recent bulkhead and cart bridge renovation project, 5
of the bridges will be transformed to rock wall culverts. The rock wall culverts will be on holes 4, 5A,
5B, 7,and 10. Bridges on holes 9 and 18 are wooden and have been replaced with new wooden bridges in
this project. The wooden bridge on hole 17 was replaced in 2014 and is in good condition.
Paving Notes
Asphalt paved roads have a varying expected life from approximately 15 years to 30 years. It is typical to
assume an expected life of 20 years in the District. As roads age, this physical condition can be evaluated
and the expected remaining life of the roads can be re-evaluated. Small road repairs can be handled from
the operating budget.
Cedar Hammock CDD has roads in various conditions. The District has taken a segmented approach to
replacing roads. Wax Myrtle Run and Cordgrass Way were resurfaced in 2014 and are in average
condition. Cedar Hammock Circle and part of Sawgrass Way were resurfaced in 2017 and are in good
condition. We project the remaining roads will be resurfaced in the following schedule: Sawgrass Way
(East)and Buttonwood Circle(both in fair condition) in 2020-2021, Cedar Hammock Ct(in fair condition)
in 2021-2022, and Cedar Hammock Blvd (in average condition)in 2022-2023.
Pond Banks Notes
Drainage ponds require routine and non-routine maintenance. Routine maintenance includes mowing
debris removal and catch basin cleaning. Mowing on a regular basis enhances the aesthetics of the area as
well as helping to prevent erosion. Proper mowing of the banks helps the ground cover maintain a healthy
root system, which minimizes erosion. Trash,debris, and litter removal reduces obstructions to inlets and
outlets allow the storm water system to function as designed. Cleaning catch basins is also considered
routine maintenance. For the purpose of this reserve study, the cost of routine maintenance is not a reserve
item.
Non-routine maintenance is a reserve item. Non-routine maintenance includes bank erosion and
stabilization, sediment removal, and structural repairs and replacement. From time to time, some of these
ponds may encounter erosion of their banks and require repairs. All ponds react differently due to original
construction, slope of the bank, soil or environmental conditions, and other factors.
In Cedar Hammock, there are 16 retention ponds for stormwater drainage. These ponds are estimated to
have 44,133 linear feet of shoreline area and 74.16 acres of total area. During the site inspection, we
observed most shorelines in good condition and a few spots of minor erosion. There were no reported
sizable erosion projects over the last few years other than the golf course bulkhead project. It is not likely
that all of the shoreline area will erode and need to be replaced. We have estimated that approximately 3
percent of the shoreline will erode and need refurbishment over a 5 year period. An erosion control
Tuesday, September 1, 2020 Page 10 of 39
Prepared by Florida Reserve Study and Appraisal
Cedar Hammock CDD Funding Study Summary-Continued
reserve for repair of ponds is necessary for the proper upkeep in the District. This number can be adjusted
in future reserve planning if necessary.
Sidewalk Notes
Most of the sidewalk has an indefinite life. However, certain small sections may need maintenance or to
be replaced due to problems such as tree roots uprooting the sidewalk. It is our estimate that 5 percent of
the cost new of the sidewalk be set aside over a 5-year period to reserve for these repairs. There is
approximately 136,100 SF of sidewalk on the District grounds. The estimated replacement cost new is
approximately$748,500, which would result in a sidewalk repair reserve of$37,400 over a 5-year period.
Statement of Qualifications
Steven Swartz is a professional in the business of preparing reserve studies and insurance appraisals for
community associations. He has provided detailed analysis of over 300,000 apartment, villa, townhome,
and condominium units. He has prepared insurance appraisals and reserve studies for all types of
community associations including high rise condominiums, mid-rise condominiums, garden-style
condominiums,townhouse developments, single family homeowners associations, etc. He holds an
engineering degree from a fully accredited university and is a designated Reserve Specialist, RS No.214,
from the Community Associations Institute as well as a State Certified General Real Estate Appraiser
License Number RZ 3479.
Conflict of Interest
As the preparers of this reserve study, we certify that we do not have any vested interests, financial
interests, or other interests that would cause a conflict of interest in the preparation of this reserve study.
We would like to thank Cedar Hammock CDD for the opportunity to be of service in the preparation of
the attached Funding Study. Again, please feel free to write or call at our letterhead address, if you have
any questions.
Prepared by:
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Steven M. Swartz, RS
Enclosures:
7 Pages of Photographs Attached
Tuesday, September 1, 2020 Page 11 of 39
Prepared by Florida Reserve Study and Appraisal
Cedar Hammock CDD Funding Study Summary-Continued
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Tuesday, September 1, 2020 Page 12 of 39
Prepared by Florida Reserve Study and Appraisal
Cedar Hammock CDD Funding Study Summary-Continued
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Tuesday, September 1, 2020 Page 13 of 39
Prepared by Florida Reserve Study and Appraisal
Cedar Hammock CDD Funding Study Summary-Continued
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Tuesday, September 1, 2020 Page 14 of 39
Prepared by Florida Reserve Study and Appraisal
Cedar Hammock CDD Funding Study Summary-Continued
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Guardhouse Interior Paint Guardhouse HVAC
Pond Pond
Tuesday, September 1, 2020 Page 15 of 39
Prepared by Florida Reserve Study and Appraisal
Cedar Hammock CDD Funding Study Summary-Continued
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Tuesday, September 1, 2020 Page 16 of 39
Prepared by Florida Reserve Study and Appraisal
Cedar Hammock CDD Funding Study Summary-Continued
W
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Rear Entrance Aluminum Fencing Stormwater Drainage Curb Inlet
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Tuesday, September 1, 2020 Page 17 of 39
Prepared by Florida Reserve Study and Appraisal
Cedar Hammock CDD Funding Study Summary-Continued
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Tuesday, September 1, 2020 Page 18 of 39
Prepared by Florida Reserve Study and Appraisal
Cedar Hammock CDD Reserve Study Expense Item Summary
Current Expected First
Reserve Items Cost When Estimated Life When Replacement Repeating
New Remaining Life New Cost Item?
Pier
Pier Deck Boards and
Railings $25,350 11 Years 15 Years $34,208 Yes
Pier Frame and Pilings $10,563 11 Years 30 Years $14,253 Yes
Pier Repair Allowance $1,788 3 Years 8 Years $1,975 Yes
Bridges and Bulkheads
Cap Rock Bulkhead
Replacement Holes $2,345,504 40 Years 40 Years $6,530,177 Yes
4,5,16,17
Wooden Bulkhead
Replacement Hole 2,
Putting Green,Driving $139,410 2 Years 25 Years $150,256 Yes
Range
Wooden Cart Bridges 9
and 18 Frame and Boards $368,160 19 Years 20 Years $606,678 Yes
Wooden Cart Bridge 17
Frame and Boards $34,080 14 Years 20 Years $49,567 Yes
Wooden Cart Bridges
Repair Allowance $25,140 3 Years 5 Years $27,781 Yes
(1)Rock Wall Bridges and
Culverts $590,700 40 Years 40 Years $1,644,583 Yes
Rock Wall Bridges and
Culverts Repair Allowance $32,220 5 Years 5 Years $37,428 Yes
Irrigation and Pumps
Irrigation System
Modernization and Repairs $45,000 5 Years 25 Years $52,274 Yes
Well Pumps 1 and 2 $13,000 1 Years 10 Year $13,666 Yes
Well Pumps 4 and 6 $13,000 6 Years 10 Years $15,483 Yes
Pumphouse Tile Roof $10,912 8 Years 30 Years $13,662 Yes
Pumphouse Metal Roof $1,560 8 Years 30 Years $1,953 Yes
Main Entrance
Barrier Arms and
Operators Entrance $8,600 8 Years 15 Years $10,767 Yes
Barrier Arm and Operator
Exit $4,300 0 Years 15 Years $4,409 Yes
Entry Monuments
Refurbishment $13,000 12 Years 20 Years $17,986 Yes
Guardhouse Security
Camera System $6,500 0 Years 10 Years $6,664 Yes
Guardhouse Tile Roof $21,075 8 Years 30 Years $26,387 Yes
BAI Beam Scanner $9,000 7 Years 15 Years $10,990 Yes
Guardhouse Exterior Paint $2,992 3 Years 8 Years $3,306 Yes
Tuesday, September 1, 2020 Page 19 of 39
Prepared by Florida Reserve Study and Appraisal
Cedar Hammock CDD Funding Study Expense Item Summary- Continued
Current Expected First
Reserve Items Cost When Estimated Life When Replacement Repeating
New Remaining Life New Cost Item?
Guardhouse Interior Paint $1,463 3 Years 8 Years $1,617 Yes
Guardhouse HVAC 2.0
Tons $3,400 0 Years 12 Years $3,486 Yes
Ponds
Pond Banks Erosion
Control $66,200 3 Years 5 Years $73,155 Yes
Rear Entrance
Barrier Arm and Operator $4,300 1 Years 15 Year $4,520 Yes
Gate Operators Group I $8,600 14 Years 15 Years $12,508 Yes
Gate Operators Group 2 $8,600 10 Years 15 Years $11,319 Yes
Gates $16,000 3 Years 25 Years $17,681 Yes
BAI Beam Scanner $9,000 2 Years 15 Years $9,700 Yes
Entry Monument
Refurbishment $4,300 5 Years 20 Years $4,995 Yes
Aluminum Fence 4' $15,048 8 Years 30 Years $18,841 Yes
Stormwater Drainage
Stormwater Drainage
Repair Allowance $42,700 2 Years 5 Years $46,022 Yes
Streets and Sidewalks
Paving 1.5 Inch Mill and
Overlay CH Cir and $232,490 17 Years 20 Years $364,447 Yes
Sawgrass West
Paving 1.5 Inch Mill and
Overlay Wax Myrtle and $102,773 14 Years 20 Years $149,475 Yes
Cordgrass
Paving 1.5 Inch Mill and
Overlay Sawgrass East and $115,174 0 Years 20 Years $118,086 Yes
Buttonwood
Paving 1.5 Inch Mill and
Overlay CH Ct $51,516 l Years 20 Year $54,154 Yes
Paving 1.5 Inch Mill and
Overlay CH Blvd $256,365 2 Years 20 Years $276,310 Yes
Pavers on Cedar Hammock •
Blvd $80,850 8 Years 30 Years $101,227 Yes
Sidewalk Repair Allowance $37,400 2 Years 5 Years $40,310 Yes
Months Remaining in Fiscal Calendar Year 2021:12
Expected annual inflation:2.50%
Interest earned on reserve funds:1.00%
Initial Reserve:$173,042
Tuesday, September 1, 2020 Page 20 of 39 Pages
Prepared by Florida Reserve Study and Appraisal
Cedar Hammock CDD Funding Study Expense Item Summary-Continued
Reserve Item Comments
(1)Rock Wall Bridges and Culverts are for holes 4,5A,5B,7,and 10.
Tuesday, September 1, 2020 Page 21 of 39 Pages
Prepared by Florida Reserve Study and Appraisal
Cedar Hammock CDD Reserve Study Expense Item Listing
Expected
Current Estimated Fiscal
Life Estimated
Reserve Items Unit Cost No Units Cost When Remaining Calendar
When Future Cost
New Life New Year
Pier
Pier Deck 11 Years 2032 $34,208
Boards and $78.00/sf 325 sf $25,350 15 Years 2047 $49,753
Railings 15 Years
2062 $72,362
Pier Frame and 11 Years 2032 $ 14,253
Pilings $32.50/sf 325 sf $ 10,563 30 Years
30 Years 2062 $30,151
3 Years 2024 $ 1,975
2032 $2,412
Pier Repair
Allowance $5.50/sf 325 sf $ 1,788 8 Years 2040 $2,946
8 Years
2048 $3,597
2056 $4,392
Bridges and Bulkheads
Cap Rock
Bulkhead
Replacement $ 130/sf 18112 sf $2,345,504 40 Years 40 Years 2061 $6,530,177
Holes 4,5,16,17
Wooden 2 Years 2023 $ 150,256
Bulkhead
Replacement
Holes 2,Putting $90.00/sf 1549 sf $ 139,410 25 Years 2048 $280,533
Green, Driving 25 Years
Range 2073 $523,764
Wooden Cart 19 Years 2040 $606,678
Bridges 9 and 18
Frame and $48.00/sf 7670 sf $368,160 20 Years
Boards 20 Years 2060 $999,722
Wooden Cart 14 Years 2035 $49,567
Bridge 17 Frame $48.00/sf 710 sf $34,080 20 Years
and Boards 20 Years 2055 $81,679
3 Years 2024 $27,781
2029 $31,476
Wooden Cart 2034 $35,662
Bridges Repair $3.00/sf 8380 sf $25,140 5 Years 2039 $40,406
Allowance 5 Years
2044 $45,779
2049 $51,868
2054 $58,767
Tuesday, September 1, 2020 Page 22 of 39 Pages
Prepared by Florida Reserve Study and Appraisal
Cedar Hammock CDD Reserve Study Expense Item Listing- Continued
Expected
Current Estimated Fiscal
Life Estimated
Reserve Items Unit Cost No Units Cost When Remaining Calendar
When Future Cost
New Life New Year
Rock Wall
Bridges and $ 1,100/If 537 If $590,700 40 Years 40 Years 2061 $ 1,644,583
Culverts
2026 $37,428
Rock Wall 2031 $42,406
Bridges and 2036 $48,047
Culverts Repair $6.00/sf 5370 sf $32,220 5 Years 5 Years
2041 $54,437
Allowance
2046 $61,677
2051 $69,880
Irrigation and Pumps
Irrigation System 5 Years 2026 $52,274
Modernization $45,000/total 1 total $45,000 25 Years
and Repairs 25 Years 2051 $97,598
1 Year 2022 $ 13,666
Well Pumps 1 $6,500 ea 2 2032 $ 17,543
and 2 $ 13,000 10 Years
10 Year 2042 $22,519
2052 $28,908
6 Years 2027 $ 15,483
Well Pumps 4 $6,500 ea 2 2037 $ 19,876
and 6 $ 13,000 10 Years
10 Years 2047 $25,515
2057 $32,753
Pumphouse Tile 8 Years 2029 $ 13,662
Roof $ 11.00/sf 992 sf $ 10,912 30 Years
30 Years 2059 $28,900
Pumphouse 8 Years 2029 $ 1,953
Metal Roof $8.00/sf 195 sf $ 1,560 30 Years
30 Years 2059 $4,132
Main Entrance
Barrier Arms 8 Years 2029 $ 10,767
and Operators $4,300 ea 2 $8,600 15 Years 2044 $ 15,660
Entrance 15 Years
2059 $22,777
0 Years 2021 $4,409
Barrier Arm and
Operator Exit $4,300 ea 1 $4,300 15 Years 2036 $6,412
15 Years
2051 $9,326
Entry $6,500 ea 2 $ 13,000 12 Years 20 Years 2033 $ 17,986
Tuesday, September 1, 2020 Page 23 of 39 Pages
Prepared by Florida Reserve Study and Appraisal
Cedar Hammock CDD Reserve Study Expense Item Listing- Continued
Expected
Current Estimated Fiscal
Life Estimated
Reserve Items Unit Cost No Units Cost When Remaining Calendar
When Future Cost
New Life New Year
Entry $6,500 ea 2 $ 13,000 20 Years 20 Years 2053 $29,639
0 Years 2021 $6,664
Guardhouse 2031 $ 8,555
Security Camera $6,500 ea 1 $6,500 10 Years
System 10 Years 2041 $ 10,982
2051 $ 14,097
Guardhouse Tile 8 Years 2029 $26,387
Roof $ 12.50/sf 1686 sf $21,075 30 Years
30 Years 2059 $55,817
7 Years 2028 $ 10,990
BAI Beam
Scanner $9,000 ea 1 $9,000 15 Years 2043 $ 15,985
15 Years
2058 $23,248
3 Years 2024 $3,306
2032 $4,038
Guardhouse
Exterior Paint $ 1.10/sf 2720 sf $2,992 8 Years 2040 $4,930
8 Years
2048 $6,021
2056 $7,352
3 Years 2024 $ 1,617
2032 $ 1,974
Guardhouse
Interior Paint $ 1.10/sf 1330 sf $ 1,463 8 Years 2040 $2,411
8 Years
2048 $2,944
2056 $3,595
0 Years 2021 $3,486
Guardhouse $3,400 ea 1 $3,400 12 Years 2033 $4,704
HVAC 2.0 Tons 12 Years 2045 $6,348
2057 $8,566
Ponds
3 Years 2024 $73,155
2029 $82,884
2034 $93,908
Pond Banks
Erosion Control $66,200/total 1 total $66,200 5 Years 2039 $ 106,398
5 Years
2044 $ 120,549
2049 $ 136,582
2054 $ 154,748
Tuesday, September 1, 2020 Page 24 of 39 Pages
Prepared by Florida Reserve Study and Appraisal
Cedar Hammock CDD Reserve Study Expense Item Listing- Continued
Expected
Current Estimated Fiscal
Life Estimated
Reserve Items Unit Cost No Units Cost When Remaining Calendar
When Future Cost
New Life Year
New
Rear Entrance
1 Year 2022 $4,520
Barrier Arm and
Operator $4,300 ea 1 $4,300 15 Years 2037 $6,574
15 Year
2052 $9,562
Gate Operators 14 Years 2035 $ 12,508
Group 1 $4,300 ea 2 $8,600 15 Years
15 Years 2050 $ 18,192
10 Years 2031 $ 11,319
Gate Operators
Group 2 $4,300 ea 2 $8,600 15 Years 2046 $ 16,463
15 Years
2061 $23,943
3 Years 2024 $ 17,681
Gates $4,000 ea 4 $ 16,000 25 Years 2049 $33,011
25 Years
2074 $61,632
2 Years 2023 $9,700
BAI Beam
Scanner $9,000 ea 1 $9,000 15 Years 2038 $ 14,108
15 Years
2053 $20,519
5 Years 2026 $4,995
Entry Monument
Refurbishment $4,300 ea 1 $4,300 20 Years 2046 $8,231
20 Years
2066 $ 13,564
Aluminum Fence 8 Years 2029 $ 18,841
4' $38.00/If 396 If $ 15,048 30 Years
30 Years 2059 $39,854
Stormwater Drainage
2 Years 2023 $46,022
2028 $52,143
Stormwater 2033 $59,078
Drainage Repair $42,700/total 1 total $42,700 5 Years 2038 $66,936
Allowance 5 Years
2043 $75,838
2048 $ 85,925
2053 $97,353
Streets and Sidewalks
Paving 1.5 Inch 17 Years 2038 $364,447
Mill and Overlay
CH Cir and $ 1.35/sf 172215 sf $232,490 20 Years
Sawgrass West 20 Years 2058 $600,559
Tuesday, September 1, 2020 Page 25 of 39 Pages
Prepared by Florida Reserve Study and Appraisal
Cedar Hammock CDD Reserve Study Expense Item Listing-Continued
Expected
Current Estimated Fiscal
Life Estimated
Reserve Items Unit Cost No Units Cost When Remaining Calendar
When Future Cost
New Life New Year
Paving 1.5 Inch 14 Years 2035 $ 149,475
Mill and Overlay
Wax Myrtle and $ 1.35/sf 76128 sf $ 102,773 20 Years
Cordgrass 20 Years 2055 $246,315
Paving 1.5 Inch 0 Years 2021 $ 118,086
Mill and Overlay
Sawgrass East $ 1.35/sf 85314 sf $ 115,174 20 Years 2041 $ 194,590
20 Years
and Buttonwood 2061 $320,659
Paving 1.5 Inch 1 Year 2022 $54,154
Mill and Overlay $ 1.35/sf 38160 sf $51,516 20 Years 2042 $89,239
CH Ct 20 Year
2062 $ 147,054
Paving 1.5 Inch 2 Years 2023 $276,310
Mill and Overlay $ 1.35/sf 189900 sf $256,365 20 Years 2043 $455,322
CH Blvd 20 Years
2063 $750,308
Pavers on Cedar 8 Years 2029 $ 101,227
Hammock Blvd $5.50/sf 14700 sf $ 80,850 30 Years
30 Years 2059 $214,130
2 Years 2023 $40,310
2028 $45,671
2033 $51,745
Sidewalk Repair
Allowance $37,400/total 1 total $37,400 5 Years 2038 $58,627
5 Years
2043 $66,425
2048 $75,260
2053 $85,269
Months Remaining in Fiscal Calendar Year 2021:12
Expected annual inflation:2.50% Interest earned on reserve funds:1.00% Initial Reserve:$173,042
Tuesday, September 1, 2020 Page 26 of 39 Pages
Present Costs
Category Item Name No Units Unit Cost Present Cost
Pier Deck Boards and Railings 325 sf $78.00/sf $ 25,350.00
Pier Pier Frame and Pilings 325 sf $32.50/sf $ 10,562.50
Pier Repair Allowance 325 sf $5.50/sf $ 1,787.50
Pier Sub Total= $ 37,700.00
Cap Rock Bulkhead Replacement
Holes 4,5,16,17 18112 sf $ 129.50/sf $ 2,345,504.00
Wooden Bulkhead Replacement
Holes 2, Putting Green, Driving 1549 sf $90.00/sf $ 139,410.00
Range
Wooden Cart Bridges 9 and 18 7670 sf $48.00/sf $ 368,160.00
Bridges and Frame and Boards
Bulkheads Wooden Cart Bridge 17 Frame 710 sf $48.00/sf $ 34,080.00
and Boards
Wooden Cart Bridges Repair 8380 sf $3.00/sf $ 25,140.00
Allowance
Rock Wall Bridges and Culverts 537 If $ 1,100.00/If $ 590,700.00
Rock Wall Bridges and Culverts 5370 sf $6.00/sf $ 32,220.00
Repair Allowance
Bridges and Bulkheads Sub Total= $ 3,535,214.00
Irrigation System Modernization 1 total $45,000.00/total $45,000.00
and Repairs
Well Pumps 1 and 2 2 $6,500.00 ea $ 13,000.00
Irrigation and Pumps
Well Pumps 4 and 6 2 $6,500.00 ea $ 13,000.00
Pumphouse Tile Roof 992 sf $ 11.00/sf $ 10,912.00
Pumphouse Metal Roof 195 sf $8.00/sf $ 1,560.00
Irrigation and Pumps Sub Total= $ 83,472.00
Barrier Arms and Operators 2 $4,300.00 ea $ 8,600.00
Entrance
Barrier Arm and Operator Exit 1 $4,300.00 ea $4,300.00
Entry Monuments Refurbishment 2 $6,500.00 ea $ 13,000.00
Guardhouse Security Camera 1 $6,500.00 ea $6,500.00
Main Entrance System
Guardhouse Tile Roof 1686 sf $ 12.50/sf $ 21,075.00
BAI Beam Scanner 1 $9,000.00 ea $ 9,000.00
Guardhouse Exterior Paint 2720 sf $ 1.10/sf $ 2,992.00
Guardhouse Interior Paint 1330 sf $ 1.10/sf $ 1,463.00
Guardhouse HVAC 2.0 Tons 1 $3,400.00 ea $ 3,400.00
Tuesday, September 1, 2020 Page 27 of 39 Pages
Prepared by Florida Reserve Study and Appraisal
Present Costs- Continued
Category Item Name No Units Unit Cost Present Cost
Main Entrance Sub Total= $ 70,330.00
Ponds Pond Banks Erosion Control 1 total $66,200.00/total $ 66,200.00
Bather Arm and Operator 1 $4,300.00 ea $4,300.00
Gate Operators Group 1 2 $4,300.00 ea $ 8,600.00
Gate Operators Group 2 2 $4,300.00 ea $ 8,600.00
Rear Entrance Gates 4 $4,000.00 ea $ 16,000.00
BAI Beam Scanner 1 $9,000.00 ea $ 9,000.00
Entry Monument Refurbishment 1 $4,300.00 ea $4,300.00
Aluminum Fence 4' 396 if $38.00/If $ 15,048.00
Rear Entrance Sub Total= $ 65,848.00
Stormwater Drainage Repair
Stormwater Drainage 1 total $42,700.00/total $ 42,700.00
Allowance
Paving 1.5 Inch Mill and Overlay 172215 sf $ 1.35/sf $ 232,490.25
CH Cir and Sawgrass West
Paving 1.5 Inch Mill and Overlay 76128 sf $ 1.35/sf $ 102,772.80
Wax Myrtle and Cordgrass
Paving 1.5 Inch Mill and Overlay
Sawgrass East and Buttonwood 85314 sf $ 1.35/sf $ 115,173.90
Streets and Sidewalks
Paving 1.5 Inch Mill and Overlay 38160 sf $ 1.35/sf $ 51,516.00
CH Ct
Paving 1.5 Inch Mill and Overlay 189900 sf $ 1.35/sf $ 256,365.00
CH Blvd
Pavers on Cedar Hammock Blvd 14700 sf $5.50/sf $ 80,850.00
Sidewalk Repair Allowance 1 total $37,400.00/total $ 37,400.00
Streets and Sidewalks Sub Total= $ 876,567.95
Totals= $ 4,778,031.95
Tuesday, September 1, 2020 Page 28 of 39 Pages
Prepared by Florida Reserve Study and Appraisal
Cedar Hammock CDD Funding Study Modified Cash Flow Analysis
Fiscal
Annual Annual Annual Net Reserve
Calendar % Funded
Year Assessment Interest Expenses Funds
2021 $ 244,700 $2,855 $ 132,646 $287,952 26.6%
2022 $250,818 $4,032 $72,341 $470,461 40.3%
2023 $257,088 $5,886 $ 522,598 $210,837 16.0%
2024 $ 263,515 $ 3,320 $ 125,515 $ 352,156 34.4%
2025 $270,103 $4,763 $627,022 55.1%
2026 $276,856 $7,543 $94,698 $ 816,723 58.9%
2027 $ 283,777 $9,471 $ 15,483 $ 1,094,488 70.5%
2028 $290,871 $ 12,282 $ 108,804 $ 1,288,836 71.2%
2029 $ 298,143 $ 14,259 $ 287,197 $ 1,314,041 66.3%
2030 $ 305,597 $ 14,545 $ 1,634,183 82.3%
2031 $ 313,237 $ 17,781 $62,280 $ 1,902,921 83.2%
2032 $ 321,068 $20,505 $ 74,428 $ 2,170,065 85.5%
2033 $ 329,094 $ 23,213 $ 133,514 $ 2,388,859 85.6%
2034 $ 337,322 $25,439 $ 129,570 $ 2,622,049 87.5%
2035 $345,755 $27,810 $211,550 $ 2,784,063 86.5%
2036 $ 354,399 $ 29,469 $54,459 $ 3,113,473 92.4%
2037 $ 363,259 $ 32,804 $26,450 $ 3,483,085 94.3%
2038 $ 372,340 $36,542 $ 504,118 $ 3,387,849 83.4%
2039 $ 381,648 $ 35,633 $ 146,803 $ 3,658,327 92.5%
2040 $ 391,190 $ 38,381 $616,964 $ 3,470,934 82.2%
2041 $400,969 $ 36,552 $ 260,009 $ 3,648,446 90.7%
2042 $410,994 $ 38,373 $ 111,759 $ 3,986,055 95.0%
2043 $421,269 $41,797 $ 613,569 $ 3,835,550 84.7%
2044 $431,800 $40,340 $ 181,989 $ 4,125,702 94.5%
2045 $442,595 $43,291 $6,348 $ 4,605,240 99.0%
2046 $453,660 $48,137 $ 86,371 $ 5,020,667 97.8%
2047 $465,002 $52,344 $75,268 $ 5,462,745 98.4%
2048 $476,627 $56,818 $454,279 $ 5,541,911 92.3%
2049 $488,542 $57,664 $ 221,461 $ 5,866,657 96.3%
2050 $500,756 $60,968 $ 18,192 $ 6,410,189 99.7%
2051 $513,275 $66,461 $ 190,902 $ 6,799,023 97.3%
Totals : $ 11,256,266 $909,280 $5,539,566
'Cash Reserves minus Fully Funded Value
The cash distribution shown in this table applies to repair and replacement cash reserves only.
Basis of Funding Study-Modified Cash Flow
Cash reserves have been set to a minimum of$0
Cash Flow has been modified with the forced Fixed Payments.
Months Remaining in Fiscal Calendar Year 2021: 12 Inflation=2.50% Interest=1.00%
Study Life=30 years Initial Reserve Funds=$ 173,042.00 Final Reserve Value=$6,799,022.70
Tuesday, September 1, 2020 Page 29 of 39 Pages
Prepared by Florida Reserve Study and Appraisal
Cedar Hammock CDD Modified Reserve Assessment Summary
Projected Assessments by Fiscal Calendar Year
Fiscal Owner Total
Annual Reserve
Calendar Annual
Year Assessment
Assessment
2021 $306.26 $ 244,700
2022 $ 313.91 $ 250,818
2023 $321.76 $ 257,088
2024 $329.81 $ 263,515
2025 $338.05 $270,103
2026 $346.50 $ 276,856
2027 $355.17 $283,777
2028 $364.04 $ 290,871
2029 $373.15 $ 298,143
2030 $382.47 $ 305,597
2031 $392.04 $ 313,237
2032 $401.84 $ 321,068
2033 $411.88 $ 329,094
2034 $422.18 $ 337,322
2035 $432.73 $ 345,755
2036 $443.55 $ 354,399
2037 $454.64 $ 363,259
2038 $466.01 $ 372,340
2039 $477.66 $ 381,648
2040 $489.60 $ 391,190
2041 $501.84 $400,969
2042 $514.39 $410,994
2043 $527.24 $421,269
2044 $540.43 $431,800
2045 $553.94 $442,595
2046 $567.78 $453,660
2047 $581.98 $465,002
2048 $596.53 $476,627
2049 $611.44 $488,542
2050 $626.73 $500,756
2051 $642.40 $ 513,275
Assessment Summary has been modified with forced Fixed Payments.
In the context of the Reserve Payment Summary,the"Annual Reserve Payment"corresponds with the
'Annual Revenue"in the Cash Flow report.
Operations Payments Include an annual inflation factor of 2.50%
Number of Payment Months in Fiscal Calendar Year 2021:12
Number of Years of Constant Payments:1
No of Assessed Owners:799
Tuesday, September 1, 2020 Page 30 of 39 Pages
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Florida Reserve Study and Appraisal, Inc.
12407 N. Florida Avenue
Tampa, FL 33612
Phone: 813.932.1588
Fax: 813.388.4189
www.reservestudyfl.com
September 1, 2020
Expense Summary by Year
Year Category Item Name Expense
Barrier Arm and Operator Exit $4,409
Main Entrance Guardhouse Security Camera System $6,664
FY 2021 Guardhouse HVAC 2.0 Tons $ 3,486
Main Entrance Subtotal=$ 14,559.00
Streets and Sidewalks Paving 1.5 Inch Mill and Overlay Sawgrass East and $ 118,086
Buttonwood
Annual Expense Total=$ 132,645
Irrigation and Pumps Well Pumps 1 and 2 $ 13,666
FY 2022 Rear Entrance Barrier Arm and Operator $4,520
Streets and Sidewalks Paving 1.5 Inch Mill and Overlay CH Ct $54,154
FY 2022 Annual Expense Total=$ 72,340
Bridges and Bulkheads Wooden Bulkhead Replacement Holes 2,Putting Green, $ 150,256
Driving Range
Rear Entrance BAI Beam Scanner $9,700
FY 2023 Stormwater Drainage Stormwater Drainage Repair Allowance $46,022
Paving 1.5 Inch Mill and Overlay CH Blvd $ 276,310
Streets and Sidewalks
Sidewalk Repair Allowance $40,310
Streets and Sidewalks Subtotal=$316,620.00
FY 2023 Annual Expense Total=$522,598
Pier Pier Repair Allowance $ 1,975
Bridges and Bulkheads Wooden Cart Bridges Repair Allowance $27,781
Guardhouse Exterior Paint $ 3,306
Main Entrance
FY 2024 Guardhouse Interior Paint $ 1,617
Main Entrance Subtotal=$4,923.00
Ponds Pond Banks Erosion Control $73,155
Rear Entrance Gates $ 17,681
FY 2024 Annual Expense Total=$ 125,515
Tuesday, September 1, 2020 Page 35 of 39 Pages
Prepared by Florida Reserve Study and Appraisal
Year Category Item Name Expense
Bridges and Bulkheads Rock Wall Bridges and Culverts Repair Allowance $ 37,428
FY 2026 Irrigation and Pumps Irrigation System Modernization and Repairs $ 52,274
Rear Entrance Entry Monument Refurbishment $4,995
FY 2026 Annual Expense Total=$ 94,697
FY 2027 Irrigation and Pumps Well Pumps 4 and 6 $ 15,483
Annual Expense Total=$ 15,483
Main Entrance BAI Beam Scanner $ 10,990
FY 2028 Stormwater Drainage Stormwater Drainage Repair Allowance $52,143
Streets and Sidewalks Sidewalk Repair Allowance $45,671
FY 2028 Annual Expense Total=$ 108,804
Bridges and Bulkheads Wooden Cart Bridges Repair Allowance $ 31,476
Pumphouse Tile Roof $ 13,662
Irrigation and Pumps
Pumphouse Metal Roof $ 1,953
Irrigation and Pumps Subtotal=$ 15,615.00
Barrier Arms and Operators Entrance $ 10,767
FY 2029 Main Entrance
Guardhouse Tile Roof $26,387
Main Entrance Subtotal=$37,154.00
Ponds Pond Banks Erosion Control $ 82,884
Rear Entrance Aluminum Fence 4' $ 18,841
Streets and Sidewalks Pavers on Cedar Hammock Blvd $ 101,227
FY 2029 Annual Expense Total=$ 287,197
Bridges and Bulkheads Rock Wall Bridges and Culverts Repair Allowance $42,406
FY 2031 Main Entrance Guardhouse Security Camera System $ 8,555
Rear Entrance Gate Operators Group 2 $ 11,319
FY 2031 Annual Expense Total=$ 62,280
Pier Deck Boards and Railings $ 34,208
Pier Pier Frame and Pilings $ 14,253
Pier Repair Allowance $2,412
Pier Subtotal=$50,873.00
FY 2032
Irrigation and Pumps Well Pumps 1 and 2 $ 17,543
Guardhouse Exterior Paint $4,038
Main Entrance
Guardhouse Interior Paint $ 1,974
Main Entrance Subtotal=$6,012.00
FY 2032 Annual Expense Total=$74,428
Tuesday, September 1, 2020 Page 36 of 39 Pages
Prepared by Florida Reserve Study and Appraisal
Year Category Item Name Expense
Entry Monuments Refurbishment $ 17,986
Main Entrance
Guardhouse HVAC 2.0 Tons $4,704
FY 2033 Main Entrance Subtotal=$22,690.00
Stormwater Drainage Stormwater Drainage Repair Allowance $59,078
Streets and Sidewalks Sidewalk Repair Allowance $ 51,745
FY 2033 Annual Expense Total=$ 133,513
Bridges and Bulkheads Wooden Cart Bridges Repair Allowance $ 35,662
FY 2034
Ponds Pond Banks Erosion Control $93,908
FY 2034 Annual Expense Total=$ 129,570
Bridges and Bulkheads Wooden Cart Bridge 17 Frame and Boards $49,567
FY 2035 Rear Entrance Gate Operators Group 1 $ 12,508
Streets and Sidewalks Paving 1.5 Inch Mill and Overlay Wax Myrtle and $ 149,475
Cordgrass
FY 2035 Annual Expense Total=$211,550
Bridges and Bulkheads Rock Wall Bridges and Culverts Repair Allowance $48,047
FY 2036
Main Entrance Barrier Arm and Operator Exit $6,412
FY 2036 Annual Expense Total=$54,459
Irrigation and Pumps Well Pumps 4 and 6 $ 19,876
FY 2037
Rear Entrance Barrier Arm and Operator $6,574
FY 2037 Annual Expense Total=$ 26,450
Rear Entrance BAI Beam Scanner $ 14,108
Stormwater Drainage Stormwater Drainage Repair Allowance $66,936
FY 2038 Paving 1.5 Inch Mill and Overlay CH Cir and Sawgrass $ 364,447
Streets and Sidewalks West
Sidewalk Repair Allowance $58,627
Streets and Sidewalks Subtotal=$423,074.00
FY 2038 Annual Expense Total=$504,118
Bridges and Bulkheads Wooden Cart Bridges Repair Allowance $40,406
FY 2039
Ponds Pond Banks Erosion Control $ 106,398
FY 2039 Annual Expense Total=$ 146,804
Pier Pier Repair Allowance $2,946
Bridges and Bulkheads Wooden Cart Bridges 9 and 18 Frame and Boards $ 606,678
FY 2040
Guardhouse Exterior Paint $4,930
Main Entrance
Guardhouse Interior Paint $2,411
Tuesday, September 1, 2020 Page 37 of 39 Pages
Prepared by Florida Reserve Study and Appraisal
Year Category Item Name Expense
Main Entrance Subtotal=$7,341.00
FY 2040 Annual Expense Total=$616,965
Bridges and Bulkheads Rock Wall Bridges and Culverts Repair Allowance $54,437
FY 2041 Main Entrance Guardhouse Security Camera System $ 10,982
Streets and Sidewalks Paving 1.5 Inch Mill and Overlay Sawgrass East and $ 194,590
Buttonwood
•
FY 2041 Annual Expense Total=$260,009
Irrigation and Pumps Well Pumps 1 and 2 $ 22,519
FY 2042
Streets and Sidewalks Paving 1.5 Inch Mill and Overlay CH Ct $ 89,239
FY 2042 Annual Expense Total=$ 111,758
Main Entrance BAI Beam Scanner $ 15,985
Stormwater Drainage Stormwater Drainage Repair Allowance $75,838
FY 2043 Paving 1.5 Inch Mill and Overlay CH Blvd $455,322
Streets and Sidewalks
Sidewalk Repair Allowance $66,425
Streets and Sidewalks Subtotal=$521,747.00
FY 2043 Annual Expense Total=$613,570
Bridges and Bulkheads Wooden Cart Bridges Repair Allowance $45,779
FY 2044 Main Entrance Barrier Arms and Operators Entrance $ 15,660
Ponds Pond Banks Erosion Control $ 120,549
FY 2044 Annual Expense Total=$ 181,988
FY 2045 Main Entrance Guardhouse HVAC 2.0 Tons $6,348
Annual Expense Total=$6,348
Bridges and Bulkheads Rock Wall Bridges and Culverts Repair Allowance $ 61,677
Gate Operators Group 2 $ 16,463
FY 2046 Rear Entrance
Entry Monument Refurbishment $ 8,231
Rear Entrance Subtotal=$24,694.00
FY 2046 Annual Expense Total=$ 86,371
Pier Pier Deck Boards and Railings $49,753
FY 2047
Irrigation and Pumps Well Pumps 4 and 6 $ 25,515
FY 2047 Annual Expense Total=$75,268
Pier Pier Repair Allowance $3,597
FY 2048 Bridges and Bulkheads Wooden Bulkhead Replacement Holes 2, Putting Green, $280,533
Driving Range
Tuesday, September 1, 2020 Page 38 of 39 Pages
Prepared by Florida Reserve Study and Appraisal
Year Category Item Name Expense
Guardhouse Exterior Paint $6,021
Main Entrance
Guardhouse Interior Paint $2,944
FY 2048 Main Entrance Subtotal=$ 8,965.00
Stormwater Drainage Stormwater Drainage Repair Allowance $ 85,925
Streets and Sidewalks Sidewalk Repair Allowance $ 75,260
FY 2048 Annual Expense Total=$454,280
Bridges and Bulkheads Wooden Cart Bridges Repair Allowance $51,868
FY 2049 Ponds Pond Banks Erosion Control $ 136,582
Rear Entrance Gates $33,011
FY 2049 Annual Expense Total=$221,461
FY 2050 Rear Entrance Gate Operators Group 1 $ 18,192
Annual Expense Total=$ 18,192
Bridges and Bulkheads Rock Wall Bridges and Culverts Repair Allowance $69,880
Irrigation and Pumps Irrigation System Modernization and Repairs $ 97,598
FY 2051 Barrier Arm and Operator Exit $9,326
Main Entrance
Guardhouse Security Camera System $ 14,097
Main Entrance Subtotal=$23,423.00
FY 2051 Annual Expense Total=$ 190,901
Tuesday, September 1, 2020 Page 39 of 39 Pages
Cardno
Shaping the Future
July 10, 2020
South Florida Water Management District Cardno
Regulation Water Use
Attn: Mr. Scott Korf 5670 Zip Drive
P.O. Box 24680 Fort Myers,FL 33905
West Palm Beach, Florida 33416-4680 USA
RE: Cedar Hammock Phone: +1 239 829 7011
SFWMD Permit#11-01711-W Fax: +1 239 277 7179
Cardno Project#E919050200
www.cardno.com
Dear Scott:
The monthly water elevation and quality data required for the above referenced permit are
enclosed
Should you have any comments or questions, or require additional information, please do not
hesitate to contact me.
Sincerely,
Stephan P. Kohlmeier
Water Resource Analyst
for Cardno
Direct Line: (239)246-4813
Email: stephan.kohlmeiertcardno.com
SPK/gng
Enc: Quarterly Report of Monitoring Requirements
cc: Justin Faircloth, Inframark
Todd Legan, Cedar Hammock
Z:IProject Files\AAA-Hydro Sites\Cedar HammocklLETTER.DOC
Page 1. of 1
South Florida Water Management District Confirmation Sent2020-
Monitoring Report for Water Use Permit 05-01 11:53:28
Permit Number: 1 1-01 71 1-W
Submittal Number: 104247
Project Name: CEDAR HAMMOCK
GOLF AND COUNTRY CLUB
Issued To: CEDAR HAMMOCK
COMMUNITY DEVELOPMENT
DISTRICT If you have questions or need assistance,
Address:C/O INFRAMARK please contact us at wucampliance@sfwmd.gov
City,State,Zip: FORT
MYERSFL33905
Phone/Fax: (239)245-7118
E-mail:
j ustin.faircloth@inframark.corn
Contact Corrections: None
Name of Person Completing the form:Steve Kohlmeier Phone Number:239-246-4813 Date:5/1/2020
No Entity Date of Data Ground'
Type Entity Name District IQ Collection Chloride Water �'+
{ntm/dd/yyyy) Level
1 FACILITY PumpStation 1
GROUP 101079 04/28/2020 120 N/A
2 WELL MW-1 258516 04/28/2020 136 8.17
3 WELL MW-2 258517 04/28/2020 80 6.9
4 WELL MW-3 258518 04/28/2020 86 8.02
5 WELL MW-4 258519 04/28/2020 104 '7.26
6 WELL 1 30124 04/28/2020 240 N/A
7 WELL 2 30126 04/28/2020 200 N/A
8 WELL 4 30130 04/28/2020 190 N/A
9 WELL �6 30134 04/28/2020 120 N/A V
)
Comments:
R ortin
fNoIt1t1totity ype Entity Name Di t ict Period 9 UnitI
Comments
ID
(mm/dd/YYYY)Description
https://my.sfwmd.gov/WaterUseCompliance/cardno//11-01711-W Monitoring Received 2... 5/1/2020
Page I of I
South Florida Water Management District ConfirmationSent2020
Monitoring Report for Water Use Permit 05-27 12:47:06
Permit Number: 1 1-01 71 1-W
Submittal Number: 105281
Project Name: CEDAR HAMMOCK
GOLF AND COUNTRY CLUB
Issued To: CEDAR HAMMOCK
COMMUNITY DEVELOPMENT
DISTRICT If you have questions or need assistance,
Address: C/O INFRAMARK please contact us at wucompiianceAsfwmd.pov
City,State,Zip: FORT
MYERSFL33905
Phone/Fax: (239)245-7118
E-mail:
j ustin.faircloth@inframark.corn
Contact Corrections: None
Name of Person Completing the form:Steve Kohlmeier Phone Number:239-246-4813 Date:5/27/2020
No Entity Date of Data Ground
Type Entity Name District ID Collection Chloride Water 'N
(mm/dd/yyyy) Level
1 FACILITY PumpStation 1
GROUP 101079 05/15/2020 110 N/A
2 WELL MW-1 258516 05/15/2020 140 .8,42
3 WELL MW-2 258517 05/15/2020 100 7.15
4 WELL MW-3 258518 05/15/2020 68 8.26
5 WELL MW-4 258519 05/15/2020 116 7.5
6 WELL 1 30124 05/15/2020 240 N/A
7 WELL 2 30126 05/15/2020 200 N/A
8 WELL 4 30130 05/15/2020 100 N/A
9 WELL 6 30134 05/15/2020 120 N/A
Comments:
9
Na Type Entity Name I District Period
o g Unit
(mmidd/yyyyj
Description Comments
https://my.sfwmd.goviWaterUseCompliance/cardno//11-01711-W Monitorini Received . . 5/27/2020
Page 1 of l
South Florida Water Management District Confirm at
6-17 07:35:15
Monitoring Report for Water Use Permit
Permit Number: 11-01711-W
Submittal Number: 106054
Project Name: CEDAR HAMMOCK
GOLF AND COUNTRY CLUB
Issued To:CEDAR HAMMOCK
COMMUNITY DEVELOPMENT
DISTRICT If you have questions or need assistance,
Address: C/O INFRAMARK please contact us at wucompliance@sfwmd.gov
City,State,Zip: FORT
MYERSFL33905
Phone 1 Fax: (239)245-711kg,
E-mail:
justin.faircloth@inframark.com
Contact Corrections: None
Name of Person Completing the form:Steve Phone
Kohlmeier Number:239-246-4813a Date:6/17/2020
Entity Date of Data Ground
No Type Entity Name District ID Collection Chloride Water
(mm/dd/yyyy) Level
1 FACILITY PumpStation 1 101079 06/16/2020 80 N/A
GROUP
2 WELL MW-1 258516 06/16/2020 120 7.2
3 WELL MW-2 258517 06/16/2020 84 5.74
4 WELL MW-3 258518 06/16/2020 80 7.02
5 WELL MW-4 258519 06/16/2020 104 6.11
6 WELL 1 30124 06/16/2020 180 N/A
7 WELL 2 30126 06/16/2020 180 N/A
8 WELL 4 30130 06/16/2020 126 N/A v
9 WELL 6 30134 06/16/2020 108 N/A
Comments:
Reporting
No Entity Entity Name District Period Unit Comments
Type ID (mmldd/yyyy)Description
https://my.sfwmd.gov/WaterUseCompliance/cardno//i 1-01711-W Monitoring Received ... 6/17/2020
------------------
- = _ - I j
i" CDD ASSETS:
�= BRIDGES
- BULKHEADS
CONSERVATION TRACTS
X ei, CULVERTS
A CURBING
�_ - j V MIMI DISTRICT OWNED (EXCLUDING PARKING)
/ r� s DRAINAGE INLETS/STRUCTURES
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i
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CV` 1111
---- COD AGREEMENT WITH HOAq/ CDD CREATION DOCUMENTS AND ORDINANCES
ENGINEER'S REPORT
/ � PLATS (COLLIER COUNTY DOCUMENT LINK)
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COD ASSET EXHIBIT
BAN KS,o -`7:;rs, CEDAR HAMMOCK CDD ASSETS
ENGINEERING NAa Es,FLORIDA
CEDAR HAMMOCK
Community Development District
Financial Report
July 31, 2020
(Unaudited)
Prepared by:
(GIN FRAM ARK
INfRASTRVCTVRt MANAGCMCNT SCRv,CCS
CEDAR HAMMOCK
Community Development District
Table of Contents
FINANCIAL STATEMENTS Pages
Balance Sheet 1
General Fund 2-3
General Fund-Bulkhead/Bridge Restoration Fund 4
Assigned Reserves 5
SUPPORTING SCHEDULES
Non-Ad Valorem Special Assessments 6
Cash and Investment Report 7
Valley National Bank Reconciliation 8
Check Register 9- 10
CEDAR HAMMOCK
Community Development District
Financial Statements
(Unaudited)
July 31, 2020
CEDAR HAMMOCK
Community Development District Governmental Funds
Balance Sheet
July 31, 2020
GF-BULKHEAD
AND BRIDGE
GENERAL RESTORATION
ACCOUNT DESCRIPTION FUND FUND TOTAL
ASSETS
Cash-Checking Account $ 439,357 $ - $ 439,357
Due From Other Funds - 260,004 260,004
Investments:
Money Market Account 214,777 - 214,777
Deposits 1,359 - 1,359
TOTAL ASSETS $ 655,493 $ 260,004 $ 915,497
LIABILITIES
Accounts Payable $ 1,433 $ 1,978 $ 3,411
Accrued Expenses 600 - 600
Due To Other Funds 260,004 - 260,004
TOTAL LIABILITIES 262,037 1,978 264,015
FUND BALANCES
Nonspendable:
Deposits 1,359 - 1,359
Assigned to:
Operating Reserves 43,617 - 43,617
Unassigned: 348,480 258,026 606,506
TOTAL FUND BALANCES $ 393,456 $ 258,026 $ 651,482
TOTAL LIABILITIES&FUND BALANCES $ 655,493 $ 260,004 $ 915,497
Page 1
CEDAR HAMMOCK
Community Development District General Fund
Statement of Revenues, Expenditures and Changes in Fund Balances
For the Period Ending July 31,2020
ANNUAL
ADOPTED YEAR TO DATE YEAR TO DATE VARIANCE($)
ACCOUNT DESCRIPTION BUDGET BUDGET ACTUAL FAV(UNFAV)
REVENUES
Interest-Investments $ 10,088 $ 8,433 $ 15,260 $ 6,827
Hurricane Irma FEMA Refund - - 1,082 1,082
Interest-Tax Collector - - 870 870
Special Assmnts-Tax Collector 158,454 158,454 157,424 (1,030)
SpecialAssmnts-Other 281,622 281,622 281,560 (62)
Special Assmnts-Discounts (17,603) (17,603) (16,029) 1,574
Other Miscellaneous Revenues - - 17,875 17,875
TOTAL REVENUES 432,561 430,906 458,042 27,136
EXPENDITURES
Administration
ProfServ-Engineering 30,000 25,000 21,080 3,920
ProfServ-Legal Services 4,249 3,541 7,057 (3,516)
ProfServ-Mgmt Consulting Sery 39,555 32,962 33,401 (439)
ProfServ-Property Appraiser 6,601 6,601 5,693 908
ProfServ-Special Assessment 3,029 3,029 13,029 (10,000)
ProfServ-Web Site Maintenance 676 563 474 89
Auditing Services 5,000 5,000 5,000 -
Postage and Freight 900 750 905 (155)
Insurance-General Liability 7,700 7,700 7,200 500
Printing and Binding 2,379 1,956 544 1,412
Legal Advertising 2,394 1,995 1,260 735
Misc-Bank Charges 700 583 - 583
Misc-Assessmnt Collection Cost 8,802 8,802 8,363 439
Misc-Web Hosting 246 246 2,898 (2,652)
Office Supplies 400 333 - 333
Annual District Filing Fee 175 175 175 -
Total Administration 112,806 99,236 107,079 (7,843)
Page 2
CEDAR HAMMOCK
Community Development District General Fund
Statement of Revenues, Expenditures and Changes in Fund Balances
For the Period Ending July 31,2020
ANNUAL
ADOPTED YEAR TO DATE YEAR TO DATE VARIANCE($)
ACCOUNT DESCRIPTION BUDGET BUDGET ACTUAL FAV(UNFAV)
Field
ProfServ-Field Management 1,585 1,321 3,540 (2,219)
Contracts-Water Mgmt Services 7,200 6,000 6,000 -
Utility-Cameras 1,268 1,057 1,092 (35)
Electricity-Wells 3,000 2,500 3,088 (588)
Electricity-Aerator 2,000 1,667 900 767
R&M-Lake 3,000 2,500 - 2,500
R&M-Plant Replacement 3,015 2,513 - 2,513
R&M Bulkheads 8,000 6,667 2,575 4,092
R&M-Bridges&Cart Paths 8,000 6,667 - 6,667
Misc-Contingency 12,243 10,203 23,954 (13,751)
Capital Outlay 9,944 8,287 - 8,287
Reserve-Bridges 35,000 35,000 154,036 (119,036)
Reserve-Bulkheads 95,500 95,500 451,110 (355,610)
Reserve-Lakes 25,000 25,000 72,153 (47,153)
Reserve-Roadways 105,000 105,000 105,000 -
Total Field 319,755 309,882 823,448 (513,566)
TOTAL EXPENDITURES 432,561 409,118 930,527 (521,409)
Excess(deficiency)of revenues
Over(under)expenditures - 21,788 (472,485) (494,273)
Net change in fund balance $ - $ 21,788 $ (472,485) $ (494,273)
FUND BALANCE,BEGINNING(OCT 1,2019) 865,941 865,941 865,941
FUND BALANCE,ENDING $ 865,941 $ 887,729 $ 393,456
Page 3
CEDAR HAMMOCK
Community Development District Gf-Bulkhead And Bridge Restoration Fund
Statement of Revenues, Expenditures and Changes in Fund Balances
For the Period Ending July 31,2020
ANNUAL
ADOPTED YEAR TO DATE YEAR TO DATE VARIANCE($)
ACCOUNT DESCRIPTION BUDGET BUDGET ACTUAL FAV(UNFAV)
REVENUES
Interest-Investments $ - $ - $ - $ -
Special Assmnts-Tax Collector 1,166,613 1,166,613 1,166,353 (260)
Special Assmnts-Discounts (46,665) (46,665) (42,589) 4,076
TOTAL REVENUES 1,119,948 1,119,948 1,123,764 3,816
EXPENDITURES
Administration
ProfServ-Property Appraiser 17,499 17,499 - 17,499
Misc-Assessmnt Collection Cost 23,332 23,332 22,221 1,111
Total Administration 40,831 40,831 22,221 18,610
Field
Capital Outlay-Bulkheads 1,079,117 899,264 843,517 55,747
Total Field 1,079,117 899,264 843,517 55,747
TOTAL EXPENDITURES 1,119,948 940,095 865,738 74,357
Excess(deficiency)of revenues
Over(under)expenditures - 179,853 258,026 78,173
OTHER FINANCING SOURCES(USES)
Loan/Note Proceeds 500,000 500,000 - (500,000)
Contribution to(Use of)Fund Balance 500,000 - - -
TOTAL FINANCING SOURCES(USES) 1,000,000 500,000 - (500,000)
Net change in fund balance $ 500,000 $ 679,853 $ 258,026 $ (421,827)
FUND BALANCE,BEGINNING(OCT 1,2019) - - -
FUND BALANCE,ENDING $ 500,000 $ 679,853 $ 258,026
Page 4
CEDAR HAMMOCK
Community Development District All Funds
Assigned Reserves
RESERVES PRIOR YEAR FY20 BUDGET TOTAL FY20 EXPENSES BALANCE
Reserves- Bridges $ 119,036 $ 35,000 $ 154,036 $ 154,036 $ -
Reserves- Bulkheads $ 355,610 $ 95,500 $ 451,110 $ 451,110 $ -
Reserves- Lakes $ 47,153 $ 25,000 $ 72,153 $ 72,153 $ -
Reserves- Roadways $ - $ 105,000 $ 105,000 $ 105,000 $ -
Total $ 521,799 $ 260,500 $ 782,299 $ 782,299 $ -
Report Date: 9/1/2020
Page 5
CEDAR HAMMOCK
Community Development District
Supporting Schedules
July 31, 2020
CEDAR HAMMOCK
Community Development District
Non-Ad Valorem Special Assessments
(Collier County Tax Collector-Monthly Collection Distributions)
For the Fiscal Year Ending September 30,2020
ALLOCATION
General Fund Bulkhead/Bridge
Date Net Amount (Discount) Commission Amount 001 Reserve Study Restoration Fund
Received Received Amount Amount Received Assessments Assessments Assessments
Assessments Levied For FY 2020 $1,605,694 $ 157,459 $ 281,622 $ 1,166,613
Allocation% 100% 10% 18% 73%
10/31/19 $ 9,032 $ 516 $ 184 $ 9,732.32 $ 954 $ 1,707 $ 7,071
11/15/19 143,690 6,109 2,932 152,732 14,977 26,788 110,967
11/26/19 429,180 18,247 8,759 456,186 44,735 80,010 331,441
12/13/19 714,885 30,166 14,589 759,640 74,492 133,233 551,914
12/27/19 38,927 1,229 794 40,950 4,016 7,182 29,752
01/17/20 63,926 1,810 1,305 67,040 6,574 11,758 48,708
02/20/20 42,520 824 868 44,212 4,336 7,754 32,122
03/23/20 17,626 121 2 17,749 1,741 3,113 12,896
04/28/20 42,783 - 873 43,656 4,281 7,657 31,718
06/05/20 3,423 (102) 70 3,391 333 595 2,464
06/15/20 10,143 (301) 207 10,048 985 1,762 7,300
TOTAL $ 1,516,135 $ 58,618 $ 30,584 $ 1,605,337 $ 157,424 $ 281,560 $ 1,166,353
%COLLECTED 99.98% 99.98% 99.98% 99.98%
I TOTAL OUTSTANDING $ 357 I $ 35 I $ 62 $ 260
Report Date:8/28/2020
Page 6
CEDAR HAMMOCK
Community Development District All Funds
Cash and Investment Report
July 31, 2020
General Fund
Account Name Bank Name Investment Type Maturity Yield Balance
Checking Account-Operating Valley National Bank Gov't Interest Checking n/a 0.25% 214,777
Money Market Account BankUnited Public Funds MMA n/a 0.30% 439,357
Total $ 654,133
Report Date: 8/28/2020
Page 7
Cedar Hammock CDD
Bank Reconciliation
Bank Account No. 2555 Valley National Bank GF
Statement No. 7/20
Statement Date 7/31/2020
G/L Balance(LCY) 439,356.68 Statement Balance 472,770.04
G/L Balance 439,356.68 Outstanding Deposits 0.00
Positive Adjustments 0.00
Subtotal 472,770.04
Subtotal 439,356.68 Outstanding Checks 33,413.36
Negative Adjustments 0.00 Differences 0.00
Ending G/L Balance 439,356.68 Ending Balance 439,356.68
Difference 0.00
Posting Document Document Cleared
Date Type No. Description Amount Amount Difference
Outstanding Checks
4/22/2020 Payment 2429 A QUALITY PLANT 5,333.33 0.00 5,333.33
7/30/2020 Payment 2461 BRIDGING SOLUTIONS LLC 6,256.00 0.00 6,256.00
7/30/2020 Payment 2462 CARDNO ENTRIX 600.00 0.00 600.00
7/30/2020 Payment 2463 INFRAMARK,LLC 5,140.78 0.00 5,140.78
7/30/2020 Payment 2464 KIPP SCHULTIES GOLF DESIGN,INC. 16,083.25 0.00 16,083.25
Total Outstanding Checks 33,413.36 33,413.36
Page 8
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CEDAR HAMMOCK
Community Development District
Annual Operating and Debt Service Budget
Fiscal Year 2021
Adopted Budget
(Meeting 5/12/20)
Prepared by:
61 N FRAMARK
t ;;ASTRUCTURE MANAGEMENT SERV4CES
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
Bulkhead/Bridge Restoration Fund
Summary of Revenues, Expenditures and Changes in Fund Balances 7
Amortization Schedule 8
Budget Narrative 9
Exhibit A-Allocation of Fund Balances 10
SUPPORTING BUDGET SCHEDULES
2020-2021 Non-Ad Valorem Assessment Summary 11
CEDAR HAMMOCK
Community Development District
Budget Overview
Fiscal Year 2021
CEDAR HAMMOCK
Community Development District
Operating Budget
Fiscal Year 2021
CEDAR HAMMOCK
Community Development District General Fund
Summary of Revenues, Expenditures and Changes in Fund Balances
Fiscal Year 2021 Adopted Budget
ADOPTED ACTUAL PROJECTED TOTAL ANNUAL
ACTUAL ACTUAL BUDGET THRU APR- PROJECTED BUDGET
ACCOUNT DESCRIPTION FY 2018 FY 2019 FY 2020 MAR-2020 SEP-2020 FY 2020 FY 2021
REVENUES
Interest-Investments $ 9,400 $ 17,191 $ 10,088 $ 11,753 10,753 22,506 10,088
Hurricane Irma FEMA Refund - $ 5,316 - $ 1,082 - - -
Interest-Tax Collector 16.00 188 - 740.00 - - -
Special Assmnts-Tax Collector 379,525 379,523 158,454 151,825 6,629 158,454 299,007
Special Assmnts-Other - - 281,622 271,546 10,076 281,622 -
Special Assmnts-Discounts (14,175) (13,901) (17,603) (16,140) - (16,140) (11,960)
Other Miscellaneous Revenus - 9,281 - - - - -
TOTAL REVENUES 374,766 397,598 432,561 420,806 27,458 446,442 297,135
EXPENDITURES
Administrative
ProfServ-Engineering 19,768 38,061 30,000 19,648 19,648 39,296 30,000
ProfServ-Legal Services 1,593 14,201 4,249 12,130 12,130 24,260 4,249
ProfServ-Mgmt Consulting Sery 37,286 41,498 39,555 20,215 20,215 40,430 40,742
ProfServ-Property Appraiser 4,195 2,132 6,601 5,693 99 5,792 4,485
ProfServ-Special Assessment 2,855 7,941 3,029 13,029 - 13,029 8,938
ProfServ-Web Site Maintenance 637 656 676 282 394 676 696
Auditing Services 5,000 4,400 5,000 5,000 - 5,000 5,000
Postage and Freight 549 2,843 900 205 205 410 900
Insurance-General Liability 7,235 7,000 7,700 7,200 - 7,200 7,920
Printing and Binding 2,310 1,252 2,379 506 506 1,012 2,000
Legal Advertising 2,181 6,629 2,394 1,057 1,057 2,114 3,000
Misc-Bank Charges 653 380 700 - 350 350 700
Misc-Assessmnt Collection Cost (1,019) 3,540 8,802 8,049 133 8,182 5,980
Misc-Web Hosting 47 239 246 2,510 776 3,286 1,799
Office Supplies 33 28 400 - 50 50 100
Annual District Filing Fee 175 175 175 175 - 175 175
Total Administrative 83,498 130,975 112,806 95,699 55,563 151,261 116,683
Field
ProfServ-Field Management 1,494 5,008 1,585 10,105 6,205 16,310 1,633
Contracts-Water Mgmt Services 7,200 7,200 7,200 3,000 4,200 7,200 7,200
Utility-Cameras 1,160 1,299 1,268 653 653 1,306 1,268
Electricity-Wells 4,324 2,190 3,000 2,690 2,690 5,380 4,866
Electricity-Aerator 1,598 1,358 2,000 893 893 1,786 2,000
R&M-Lake 2,167 3,113 3,000 - 1,500 1,500 3,000
R&M-Plant Replacement - 788 3,015 - 1,508 1,508 3,015
R&M-Bridges - - 8,000 - 8,000 8,000 5,000
R&M-Bulkheads - 8,000 8,000 4,000 4,000 8,000 5,000
Misc-Contingency 15,966 13,591 12,243 7,354 7,354 14,708 17,470
Capital Outlay - 12,015 9,944 - - - -
Total Field 33,909 54,562 59,255 28,695 37,003 65,698 50,452
TOTAL EXPENDITURES 117,407 185,537 172,061 124,394 92,565 216,959 167,135
Annual Operating Budget
Fiscal Year 2021
Page 1
CEDAR HAMMOCK
Community Development District General Fund
Summary of Revenues, Expenditures and Changes in Fund Balances ...,n.,.,,.
Fiscal Year 2021 Adopted Budget
ADOPTED ACTUAL PROJECTED TOTAL ANNUAL
ACTUAL ACTUAL BUDGET THRU APR- PROJECTED BUDGET
ACCOUNT DESCRIPTION FY 2018 FY 2019 FY 2020 MAR-2020 SEP-2020 FY 2020 FY 2021
Reserve-Bridges 28,840 22,064 35,000 - 154,036 154,036 10,000
Reserve-Bulkheads 15,412 107,683 95,500 38,968 412,142 451,110 10,000
Reserve-Lakes 12,400 - 25,000 18,625 53,528 72,153 10,000
Reserve-Roadways 32,141 830 105,000 - 105,000 105,000 100,000
Total Reserves 88,793 130,577 260,500 57,593 724,706 782,299 130,000
TOTAL EXPENDITURES&RESERVES 206,200 316,114 432,561 181,987 817,271 999,258 297,135
Excess(deficiency)of revenues
Over(under)expenditures 168,566 81,484 - 238,819 (789,813) (552,816) -
OTHER FINANCING SOURCES(USES)
TOTAL OTHER SOURCES(USES) $ - - - - - - -
Net change in fund balance 168,566 81,484 - 238,819 (789,813) (552,816) -
FUND BALANCE,BEGINNING 609,903 784,457 865,941 865,941 - 865,941 313,125
FUND BALANCE,ENDING $ 784,457 $ 865,941 $ 865,941 $ 1,104,760 $ (789,813) $ 313,125 $ 313,125
Annual Operating Budget
Fiscal Year 2021
Page 2
CEDAR HAMMOCK
Community Development District General Fund
Budget Narrative
Fiscal Year 2021
REVENUES
Interest Investments
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.
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 2021
Page 3
CEDAR HAMMOCK
Community Development District General Fund
Budget Narrative
Fiscal Year 2021
EXPENDITURES
Administrative(cont'd)
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 oversees the District's email accounts and provides
assistance to Campus Suite regarding the website as necessary.
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.
Annual Operating Budget
Fiscal Year 2021
Page 4
CEDAR HAMMOCK
Community Development District General Fund
Budget Narrative
Fiscal Year 2021
EXPENDITURES
Administrative(coned)
Misc—Web Hosting
The District incurs expenses to maintain and renew their website domain and email accounts.
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 District's assets and provides two
reports per year.
Contracts—Water Mgmt Services
Professional services for environmental permit compliance related to the water use permit.
Utility—Cameras
Costs associated with 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.
R&M—Bridges
Repair and maintenance expenses related to the bridges.
Annual Operating Budget
Fiscal Year 2021
Page 5
CEDAR HAMMOCK
Community Development District General Fund
Budget Narrative
Fiscal Year 2021
EXPENDITURES
Administrative(cont'd)
R&M—Bulkheads
Repair and maintenance expenses related to bulkheads.
Misc-Contingency
Any current year Field expenditure that may not have been provided for in the budget.
Reserves:
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 2021
Page 6
CEDAR HAMMOCK
Community Development District Bulkhead/Bridge Restoration Fund
Summary of Revenues, Expenditures and Changes in Fund Balances
Fiscal Year Adopted Budget
ADOPTED ACTUAL PROJECTED TOTAL ANNUAL
BUDGET THRU APR- PROJECTED BUDGET
ACCOUNT DESCRIPTION FY 2020 MAR-2020 SEP-2020 FY 2020 FY 2021
REVENUES
Special Assmnts-Tax Collector $ 1,166,613 $ 1,124,871 41,742 1,166,613 $ 756,239
Special Assmnts-CDD Collected - - -
Special Assmnts-Discounts (46,665) (42,882) - (42,882) (30,250)
TOTAL REVENUES 1,119,948 1,081,989 41,742 1,123,731 725,990
EXPENDITURES
Administrative
ProfServ-Property Appraiser 17,499 - 17,499 17,499 11,344
Misc-Assessmnt Collection Cost 23,332 21,385 835 22,220 15,125
Total Administrative 40,831 21,385 18,334 39,719 26,468
Field
Capital Outlay Bulkhead and Bridges Project 1,079,117 548,478 1,830,639 2,379,117 699,522
Total Field 1,079,117 548,478 1,830,639 2,379,117 699,522
TOTAL EXPENDITURES 1,119,948 569,863 1,848,973 2,418,836 725,990
Excess(deficiency)of revenues
Over(under)expenditures - 512,126 (1,807,231) (1,295,105) -
OTHER FINANCING SOURCES(USES)
Loan Proceeds - - 1,300,000 1,300,000 -
Contribution to(Use of)Fund Balance - - -
TOTAL OTHER SOURCES(USES) - - 1,300,000 1,300,000 -
Net change in fund balance - 512,126 (507,231) 4,895 -
FUND BALANCE,BEGINNING - - (1,300,000) 4,895
FUND BALANCE,ENDING $ - $ 512,126 $ (1,807,231) $ 4,895 $ 4,895
Annual Operating Budget
Fiscal Year 2021
Page 7
CEDAR HAMMOCK
Community Development District 002 General Fund
AMORTIZATION SCHEDULE
BRIDGE AND BULKHEAD CAPITAL PROJECT-LOAN
Period Annual Debt
Ending Principal Rate Interest Debt Service Service
11/1/2020 3.35% $ 33,030 $ 33,030 $ 699,522
5/1/2021 $ 644,564 3.35% $ 21,928 $ 666,492
11/1/2021 3.35% $ 11,055 $ 11,055 $ 677,547
5/1/2022 $ 655,436 3.35% $ 11,055 $ 666,492
$ 1,300,000 $ 77,068 $ 1,377,068 $ 1,377,068
Annual Operating Budget
Fiscal Year 2021
Page 8
CEDAR HAMMOCK
Community Development District Bulkhead and Bridge Restoration Fund
Budget Narrative
Fiscal Year 2021
REVENUES
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-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.
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.
Field
Capital Outlay Bulkhead and Bridges Protect
Costs associated with the Bulkhead/Bridge Repair/Replacement Project. A loan for $1.3M, including
interest and related costs,was taken out for this project.
Annual Operating Budget
Fiscal Year 2021
Page 9
CEDAR HAMMOCK
Community Development District General Fund
Exhibit"A"
Allocation of Fund Balances
AVAILABLE FUNDS
Amount
Beginning Fund Balance-Fiscal Year 2021 $ 313,125
Net Change in Fund Balance-Fiscal Year 2021
Reserves-Fiscal Year 2021 Additions 130,000
Total Funds Available(Estimated)-FY21 443,125
ALLOCATION OF AVAILABLE FUNDS
Assigned Fund Balance
Operating Reserve-First Quarter Operating Capital 41,784 ttl
Reserves-Bridges
Prior Year's Reserve Funding 119,036
FY 2020 Reserve Funding 35,000
Less Actual FY20 (154,036)
FY 2021 Reserve Funding 10,000 10,000
Reserves-Bulkheads
Prior Year's Reserve Funding 125,885
FY 2020 Reserve Funding 95,500
Plus Reserves re-assignment 1/30/20 229,725
Less Actual FY20 (451,110)
FY 2021 Reserve Funding 10,000 10,000
Reserves-Lakes
Prior Year's Reserve Funding 47,153
FY 2020 Reserve Funding 25,000
Less Actual FY20 (72,153)
FY 2021 Reserve Funding 10,000 10,000
Reserves-Roadways
Prior Year's Reserve Funding 229,725
FY 2020 Reserve Funding 105,000
Less Reserves Re-assignment as of 1/30/2020 (229,725)
Less Actual FY20 (105,000)
FY 2021 Reserve Funding 100,000 100,000
Subtotal 171,784
Total Allocation of Available Funds 171,784
Total Unassigned(undesignated)Cash $ 271,341
Notes
(1)Represents approximately 3 months of operating expenditures less FY2021 budget reserves.
Annual Operating Budget
Fiscal Year 2021
Page 10
CEDAR HAMMOCK
Community Development District
Supporting Budget Schedules
Fiscal Year 2021
CEDAR HAMMOCK
Community Development District
2020-2021 Assessment Chart
O&M Assessment Bridges and Bulkhead Project Total Total Prior
Year
FY 2021 FY 2020 Percent FY 2021 FY 2020 Percent FY 2021 FY 2020 Percent
Product Total Units Fund Fund Change Fund Fund Change Per Unit Per Unit Change
Single Family 65 $374.23 $550.78 -32.1% $ 946.48 $1,460.09 -35.2% $1,320.71 $2,010.87 -34.3%
2-Story 228 $374.23 $550.78 -32.1% $ 946.48 $1,460.09 -35.2% $1,320.71 $2,010.87 -34.3%
4-Story 330 $374.23 $550.78 -32.1% $ 946.48 $1,460.09 -35.2% $1,320.71 $2,010.87 -34.3%
Duplex 176 $374.23 $550.78 -32.1% $ 946.48 $1,460.09 -35.2% $1,320.71 $2,010.87 -34.3%
799
Annual Operating Budget
Fiscal Year 2021
Page 11
From:Tonja Witmer<twitmer@totalasphalt.com>
Sent: Friday,June 5, 2020 10:44 AM
To: Faircloth,Justin<justin.faircloth@inframark.com>
Subject: Meeting June 18-Cedar Hammock
Justin, certainly hope this email finds you and your family healthy. I spoke with you back in March
regarding asphalt preservation. At this time, board members are scheduling with us again and we
are excited to meet them as asphalt certainly doesn't wait on us. We will be treating The Plantation
at Leesburg in June and would like to schedule a meeting with you. I have Thursday,June 18 or
Thursday,June 25 that we could meet for 45 minutes to an hour to show you the importance of
asphalt preservation as well as the difference it would make in your communities budget.
Serving your communities' needs in a safe manner is of paramount importance to us. We opt to
bring in our own equipment, (screen & projector for our visual presentation which keeps us at a
social distance of 6' or more instead of looking at a laptop together), as equipment has been
properly cleaned before and after each visit,to meet with a Board Member, a Roads Chairman, a
Facility Manager and/or a Community Manager to discuss the importance of asphalt preservation
to turn your budget around as asphalt is one of the highest assets the community has.
Here's why: As a "Preservation Specialist Company of 28 years", we have preserved and maintained
roads by replacing the oils and solvents that get oxidized, which in return, extends the pavements'
life 5 years with every treatment cycle as it changes the characteristics and viscosity like it was when
the hot mix asphalt went down. We do not lay asphalt or repair it;we preserve good roads. This is
quite the budget changer for any community when you can maintain and extend the life of the
roads instead of repaving. We are the only ones in the industry with a 5-year performance
warranty and offer a black and clear bio-green rejuvenator! This is not a topical sealcoat,we are
inert with same day dry time!
I do have questions about your community and their roads prior to meeting,so should you agree to
meet, please allow me 15 minutes of your time to answer some questions I have as I need to
educate myself on the condition of your asphalt. In addition, I have added some detailed
information below along with my contact numbers should you forward this email to others.
Regards,
Tonja Witmer
One of your largest asset management cost is your asphalt. With petroleum prices continuing to
rise and asphalt material not made like it once was, (lasting 20+years and the national average now
only lasting 12 to 15 years),the budget cannot maintain the replacement costs.
Total Asphalt Technology is a specialized company headquartered in York, PA and for 28 years we
have only done one thing; preserve asphalt correctly to help our customers maintain an acceptable
budget and keep their asphalt in a position for longevity.
How we do this with the right technology going into the right pavement is something of an art form.
We are able to bring several types of technology with proven test results to our client's choice with
an education on how the process works along with a consultation in order to be successful with our
clients.
Our client base is spread worldwide whether it's toll roads in the Philippines, large scale
communities across the U.S, or working with the Army Corp of Engineers with airports; our list goes
on. With a 5-year performance warranty with every treatment cycle, our success speaks for itself.
We would look forward to introducing ourselves with a 30-minute education on how we can help
you and your team with expert experience and advice.
About Us:
Founded in 1992,Total Asphalt is the largest pavement preservation specialist in the Atlantic region.
As a recognized leader in pavement technology,we work with aviation, military, large scale
communities (10-120+ miles), malls, property management agencies along with other verticals.
Capital Retention:
Pavement inventory is one of the most critical physical assets that impacts your organization's
capital reserve dollars. With our expertise and science,Total Asphalt changes the bottom line
dramatically, leaving our clients with an increase in their capital reserves.
Asset Management:
Pavement preservation is more than a collective set of maintenance techniques and smart
technology. An effective pavement preservation program is an ongoing process of:
• Assessment
• Analysis
• Reporting
• Planning
• Budgeting
• Maintenance
Total Asphalt can manage each element of the process for you and deliver results that retain the
highest ROI and the greatest longevity for your pavement.
Consultation:
We present options as to how to best preserve your pavement and work with you through the
budgeting process to deliver the most effective plan for the long-term preservation of your asphalt.
Meeting:
In order to understand the philosophy and methodology of pavement preservation to its fullest,
allow us to meet with your organization.
"We're not just preserving your asphalt, we're preserving your dollars"
Regards,
Tonja Witmer
Business Development
717-943-4457-Cell
888-735-8868-Corporate Office
United States, Southeast Asia, & Philippines
VISIT US AT: www.TotalAsphalt.com
TotalAspha It_Logo_FI NAL_2016-03-08
N
EDUCATION-ANALYSIS-PLANNING-APPLICATION
6INFRAMARK
INFRASTRUCTURE MANAGEMENT SERVICES
Cedar Hammock CDD
May 1, 2020 — Field Management Report
www.inframarkims.com
Inspected by:Justin Faircloth
1. Lake Management
The water levels have continued to decline with the dry season. As a result of the low water
levels much of the littoral shelves were covered with many weeds and grasses that should be
sprayed out. Additional lake maintenance information is found below; all lake issues are low
density unless otherwise noted.
a. Aeration/Fountains:
i. Aeration: No issues observed.All aerators appeared to be working.
S y
i tint-ain_ No issues observed.
.• w w r
1111111AllialLIN maw
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y +w1l.
e* 4v
1
SUP
NOR
i1162 .1
.- .-
.. Ies
- i
IN se
1 ' -
b Algae on Lakes: 2, 3,5,8, 14,& 15. Lake 5 was observed at medium density.
040
0;' • ` -
Y "w`T 4 1
•. ��t•-`
410
11111111. 411 ill ....tie
C: I._ittrls No issues observed. New plantings of littorals and other plantings were visible on the
lakebanks.
2
3
•
.fir+ •p
E`' y •
•'+Fe`° K,.'.,.cam' ' a,. y,. } '�• - \..
d. Rocks:
I. Various weeds observed on the south bank of lake 1 and the west bank of lake 5 should
likely be sprayed out.
Mow
s w ,
e. Weeds:
i. Alligator weed in Lakes: No issues observed.
H. Cattails in Lakes: No issues observed.
iii. Climbing Hemp Vine in Lakes: 16.
3
k
iv. Dollar Weed in Lakes: No issues observed.
v. Hydrilla in Lakes: 1 &3.
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vi. Muskgrass(Chara) in Lakes: 5.
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vii. Palms on Lake Banks: No issues observed.
viii. Sedges in Lakes: No issues observed.
ix. Spatterdock/Lily Pads in Lakes: No issues observed.
x. Torpedo Grass in Lakes: 8, 13, & 15.Spraying has recently been completed on the south
bank of lake 10.
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g, Grass Clippings in Lakes: No issues observed.
h.Trash in Lakes: No issues observed.
i. Illicit Discharge` There is a lot of runoff from the Har-Tru courts into lake 2.Though this is a
natural material it may have an impact on the lake. Steps may need to be taken to better filter the
material coming from the tennis court drain.
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2. Lake Bank Erosion
a. Lake 5: Erosion continues to worsen on lake 5 adjacent to 8560 Cedar Hammock Circle.
'tip y.
b. Lake 8' Erosion was observed on the east bank. One area was found directly in the drainage
easement between 3793 &3797 Buttonwood Way has a deep hole that should be filled in to
avoid a safety issue as it was a deep hole.
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C. Lake 11/16: Turbidity barriers were not observed being used in the lakes.This was reported
to Banks Engineering, however,due to the fact that the stormwater system was not flowing off
site Mr. Marshall did not have any issue with the absence of these barriers.
414
d. Lake 1 4 Erosion from golf course run off was observed on the east bank of lake 14.
54)
3. Gates/Cameras
No issues observed.The new rear entry gates and openers have been installed after the recent
accident and a reimbursement has been received for these costs from the driver's insurer.
7
No integrity issues observed, a cleaning may be necessary.
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1
5. Preserves
a. Invasive vegetation was observed along the preserves of Davis Blvd. in C2. It seems that the main
reason for these saplings occurring is the seed source on adjacent properties along Davis Blvd.
Additionally, Brazilian pepper and earleaf acacia saplings were observed in the southern portion
of C2 east of the fairway for hole 1.
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b. Earleaf acacia aplings were observed in C3 that should be removed. Grass clippings were
observed dumped adjacent to the Davis Blvd.sidewalk in C3.
8
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may. '' 7,4,171. Ztill, '-' ‘4"°, , '
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6. Roadways
a, Asphalt' A pothole has formed across Cedar Hammock Boulevard east of the crosswalk
between holes#15 . The apron for Cordgrass Way is beginning to show signs of alligator
cracking.
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b. Markers:There is a missing fire hydrant marker near 4024 Cordgrass Way at the cul-de-sac
that should be replaced.
9
c. Pavers It appears that sand was recently added to the exit side of the Davis Boulevard
entrance. Many of the pavers in this area are chipped or cracked. Replacement may be
necessary in the future.
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8. Sidewalks/Walking Path
a. 3574 Cedar Hammock Court: There appears to be the possibility of a trip hazard that
may need to be addressed at the beginning of the roadway on the east side of the road. The
sidewalk and gutter pan may need to be addressed.
r - -
b.3886 Cedar Hammock Court: There is a slight lip in the sidewalk that may need to be
ground down to avoid a trip hazard.
10
c. 3860 Wax Myrtle Run:The sidewalk north of the driveway has a slight lip and may need to
be ground down to avoid a trip hazard.
•
d.Walking Path: The walking path around lake 7 inside Cedar Hammock Circle is cracking on the
edge west of the pool. Filler or sealant may be needed to prevent further cracking or erosion of
the base material.
9. Stormwater System
a. Canals: The eastern swale of C-2 should be sprayed to keep it free of weeds and any vegetative
growth so that water flow will not be impeded.
b. Catch Basins: No issues observed.
11
c. Bulkheads: The bulkhead on hole 17 has been completed.The bulkheads for holes 4&5 have
been started.
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d. Bridges: Work was underway on replacing the bridges to holes 4&5 with the new culverts.
Damage has been reported by Bridging Solutions to the culverts installed in these locations and
Glase Golf has been notified.The culvert for lake 3/hole 10 remains undamaged and a request
has been submitted to Glase Golf to ensure they are properly handing/rigging the culvert as it is
moved into place. Work was underway on the bridge from hole 9 to the Clubhouse.
44
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e, Drains: Various drain pipes were observed with the low water levels.The pipes visible
appeared to be clear with minor debris noted inside the pipes.The Board may want to consider
12
a cleanout in time as the debris continue to buildup.The pipes will continue to be monitored for
any issues.
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i Lake 2` A drain pipe on the southeast side of the lake has come unattached and should be
reconnected to prevent erosion to the littoral shelf.
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f. Interconnect Pipes: Coverings over the interconnect between lakes 2 and 3 were observed
on the lake 3 side in preparation for the installation of carp into the lakes as approved by the
Board previously.
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g. Overflow Weirs/Control Structures: No issues observed.
13
10. Wells/Irrigation
The wells and irrigation equipment were reviewed. There is some rusting visible that may need to be
addressed on the eastern well to lake 1.
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11. Residential Complaints/Concerns
No issues observed.
14
12. Fish/Wildlife Observations
n Bass n Bream n Catfish n Gambusia
n Egrets ❑ Herons n Coots n Gallinules
fAnhinga n Cormorant n Osprey 0 Ibis
n Woodstork Otter n Alligator n Snakes
n Turtles Fl Other Species: Armored Catfish
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13. Non CDD Items
No issues observed.
15