The URL can be used to link to this page

11/11/2014 Agenda - Landowner's tb ' 1 FLOW WAY COMMUNITY DEVELOPMENT DISTRICT LANDOWNERS' MEETING The Landowners' Meeting of the Flow Way Community Development District was held on Tuesday, November 11, 2014, at 1:30 p.m., at the Offices of Coleman, Yovanovich & Koester, 4001 Tamiami Trail North, Suite 300, Naples, Florida 34103. Landowners: John Asher Esplanade of Naples, LLC Staff: James P. Ward District Manager Greg Urbancic District Counsel David Wilems District Engineer Others: Keith Berg Taylor Morrison Stephen Reiter Taylor Morrison Sal Simonetti Taylor Morrison FIRST ORDER OF BUSINESS Call to Order/Roll Call Mr. Ward called the meeting to order at 1:45 p.m. SECOND ORDER OF BUSINESS Election of Chairperson for the purposes of conducting the Landowners Meeting Mr. Ward stated Mr. Asher since you are the sole landowner present, you can appoint someone to conduct the meeting today, or I'll be glad to do that for you. Mr. Asher stated I would elect Mr. Ward to be the Chairperson. THIRD ORDER OF BUSINESS a) Determination of the number of voting units represented or assigned by proxy No Discussion b) Nominations for Supervisors (Three positions) Mr. Ward stated the purpose of the meeting today is to elect three members to serve on the Board of Supervisors. We have seat one, which is vacant, seat two, which is held by 1 IPage FLOW WAY CDD November 11, 2014 161 1 Mr. Reiter, and seat five by Mr. Simonetti. It would be appropriate for you (Mr. Asher) to nominate three individuals to serve on the Board. Mr. Asher stated for seat one, I would nominate Tony Burdett, seat number two, I would like to re-nominate or reappoint Mr. Reiter,and for seat three, Mr. Simonetti. c) Casting ballots Mr. Ward stated I'm going to provide to you a copy of the official ballot. I'll ask that you fill it out, remembering that the two individuals receiving the highest number of votes will serve a four-year term, and the individual serving the two-year term will receive the lesser number of votes. Mr.Asher stated here's the ballot. d) Ballot tabulations and results Mr. Ward stated the record will reflect that Mr. Burdett and Mr. Reiter received 226 votes, and Mr. Simonetti received 220 votes, so those individuals will be sworn in at the regular meeting that is being held just subsequent to today's meeting. FOURTH ORDER OF BUSINESS Landowners questions or comments Mr. Ward asked any questions form the landowners? Mr.Asher stated no questions. FIFTH ORDER OF BUSINESS Adjournment Mr.Ward adjourned the meeting at 1:47 p.m. James P. Ward Secretary 2I 1611 I. Cammie LaRhae Longenecker, Vice President of Taylor Morrison of Florida. Inc., hereby authorize Andrew'`Drew" Miller. as Authorized Agent,in matters involving Taylor Morrison of Florida, Inc.. and/or Currents Community Development District,with any Governmental Agency, including but not limited to Collier County Board of County Commissioners. Executed this $-14‘ day of April. 2019. TAYLO MORRISON OF FLORIDA,INC. a Florid jrofit company By/Title. Vice resid nt Print: Cammie LaRhae Longenecker STATE OF FLORIDA COUNTY OF COLLIER The foregoing instrument was acknowledged before me this ‘ day of April,2019,by Cammie LaRhae Longenecker . Vice President of Taylor Morrison of Florida, Inc..a Florida profit company and who is personally knowp. ..me or who has produced as identification. My Commission Expires: Notary Public _,�n• iyowy Pudric S*1tS d Floridaa? N Deborah K. Beckett cpmmKsion FF�6044 Print Name of Notary Expires 08,1412019 s611 ' Letter of Purpose CYIK 4001 lomiami Trail Nar+h: Sure 300 Noples, Florida 34103 6I1 ` T. 239 435.3535 I F: 239 .135.118 cc{[MAN ; YOVANOVICH I KOESTER Email. rvovanovichuxyklawfim.cotn April 9, 2019 Via Mail Collier County Board of County Commissioner 3299 Tamiami Trail East Suite 303 Naples, Florida 34112 Dear Chairman and Commissioners: Transmitted herewith is a Petition pursuant to the Uniform Community Development District Act of 1980, Chapter 190, Florida Statutes, to amend the Fiddler's Creek Community Development District 42 to contract 210.003 acres of land. The District contains approximately 1059.73 acres and is located in the unincorporated area of Collier County as described in the Petition. The sole purpose is the contracted area will be combined with approximately 516.275 acres and a new Community Development District will be formed. The property within the proposed District is amenable to operating as an independent special district for the following reasons: a. Establishment of the District and all land uses and services planned within the proposed District are not inconsistent with applicable elements or portions of the effective Collier County Comprehensive Development Master Plan, as amended. b. The area of land within the proposed District is part of a planned unit development for which a development plan has been approved by Collier County, Ordinance 84- 42, as amended. The land encompassing the proposed District is of sufficient size and is sufficiently compact and contiguous to be developed as one functional interrelated community. c. The community development facilities the District proposes to finance will he compatible with the capacity and use of existing local and regional community development services and facilities. cyklawfirm.com April 9,2019 i 6 I 1 Page 2 of 2 d. The proposed District is the best alternative available for delivering community infrastructure to the area to be served because the District provides a governmental entity for delivering the infrastructure in a manner that does not financially impact persons residing outside the District. If you have any questions or require additional information, please do not hesitate to contact me, Sincerely, itd Richard D. Yovanovich, Esq. cyklawfirm.com 1611 EXHIBIT " 1 " 16114 ' NORTH frr' Z.O 40, /� n rou�e o, a �� i PROJECT ' I LOCATION -1) , 4 L�e.„s 9f 0. F_ Z • • i CDD BOUNDARY v, z4 a xo‹ oc N .../)1_,, t.____ CURRENTS EXHIBIT 1 - LOCATION MAP MI WALDROP PREPARED FOR: SICiION• TOWN SHIP• RANGE. 'LMIDALun/chnuAW1"1wnffl"" ENGINEERING TAYLOR MORRISON OF FLORIDA,INC. 13 18,19 51 25 `"""6""""' )AAIUN=I wi°eur[,wct=rEc,wc 551 NORTH CATTLEMEN ROAD CULl lEE COLT'3\' FLORIDA lama MIR4llYln10111Va•KM SARASOTw.FLORIDA 34233 FILE hAS96 JEREMY H.ARNOLD,P.E. PI NIman of-777/F.GS.a::cFi11,11 PHONE(941)371.000E FAX(91 1)371-7998 SHEETOF 13 FL LICENSE%O 68421 ($A4 wuMpPnMU +i..IwnYr.VPin 1611" ' EXHIBIT "2" LEGAL DESCRIPTION A PARCEL OF LAND LOCATED IN SECTION 13,TOWNSHIP 51 SOUTH, RANGE 26 EAST AND SECTIONS 18 AND 19.TOWNSHIP 51 SOUTH, RAGE 27 EAST,COLLIER COUNTY, FLORIDA, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: BEGINNING AT THE SOUTHEAST CORNER OF SECTION 18,TOWNSHIP 51 SOUTH, RANGE 27 EAST,COLLIER COUNTY, FLORIDA.THE SAME BEING A POINT ON THE BOUNDARY OF THOSE CERTAIN LANDS DESCRIBED IN THAT SPECIAL WARRANTY DEED BETWEEN FIDDLER'S LAND INVESTOR,LLC AND TAYLOR MORRISON OF FLORIDA, INC.,MADE OCTOBER 30TH, 2018;THENCE RUN THE FOLLOWING FOUR(4)COURSE ALONG THE BOUNDARY OF LAST SAID LANDS: COURSE NO. 1:SOUTH 00°19'26" EAST, ALONG THE EAST LINE OF THE NORTHEAST 1/4 OF SECTION 19,TOWNSHIP 51 SOUTH, RANGE 27 EAST. COLLIER COUNTY, FLORIDA,A DISTANCE OF 908.82 FEET;COURSE NO.2: SOUTH 89°37'25" WEST,5,121.01 FEET;COURSE NO.3: NORTH 00°22'35" WEST, A DISTANCE OF 1,364.92 FEET: COURSE NO,4: NORTH 84°46'05" WEST, 505.52 FEET TO A POINT ON THE BOUNDARY OF THOSE CERTAIN LANDS DESCRIBED IN THAT PARTITION SPECIAL WARRANTY DEED BETWEEN FC OYSTER HARBOR, LLC AND TM OYSTER HARBOR, LLC,MADE OCTOBER 30T11 2018;THENCE RUN THE FOLLOWING FORTY ONE(41)COURSES ALONG THE BOUNDARY OF LAST SAID LANDS;COURSE NO. 1: CONTINUE NORTH 84°46'05' WEST.7.72 FEET(FOR A TOTAL OF 513.24 FEET);COURSE NO.2: NORTH 77°45'48" WEST,68.76 FEET; COURSE NO.3:NORTH 88°51'30" WEST, 65.94 FEET;COURSE NO.4: NORTH 84°45'16" WEST, 595.29 FEET;COURSE NO. 5:NORTH 08°46'55" EAST. 15.19 FEET;COURSE NO. 6:NORTH 81°13'05" WEST, 86.83 FEET TO A POINT OF CURVATURE;COURSE NO. 7: SOUTHWESTERLY,40.61 FEET ALONG THE ARC OF A CIRCULAR CURVE,CONCAVE SOUTHEASTERLY, HAVING A RADIUS OF 25.00 FEET, THROUGH A CENTRAL ANGLE OF 93°04'05" AND BEING SUBTENDED BY A CHORD THAT BEARS SOUTH 52°14'52"WEST.36.29 FEET; COURSE NO. 8: SOUTH 05°42'49" WEST,A DISTANCE OF 16.93 FEET TO A POINT OF CURVATURE:COURSE NO.9: SOUTHWESTERLY,49.00 FEET ALONG THE ARC OF A CIRCULAR CURVE,CONCAVE NORTHWESTERLY, HAVING A RADIUS OF 25.00 FEET. THROUGH A CENTRAL ANGLE OF 112°17'57" AND BEING SUBTENDED BY A CHORD THAT BEARS SOUTH 61°5I'48" WEST,41.52 FEET;COURSE NO. 10:NORTH 61°59'14" WEST,75.11 FEET TO A POINT OF CURVATURE;COURSE NO. 11:NORTHERLY,42.43 FEET ALONG THE ARC OF A CIRCULAR CURVE,CONCAVE EASTERLY,HAVING A RADIUS OF 30.00 FEET, THROUGH A CENTRAL ANGLE OF 81°02'25" AND BEING SUBTENDED BY A CHORD THAT BEARS NORTH 2I°28'01" WEST, 38.98 FEET TO A POINT OF REVERSE CURVATURE;COURSE NO. 12;NORTHWESTERLY,213.13 FEET ALONG THE ARC OF A CIRCULAR CURVE, CONCAVE SOUTHWESTERLY,HAVING A RADIUS OF 90.00 FEET,THROUGH A CENTRAL ANGLE OF 135°41'08" AND BEING SUBTENDED BY A CHORD THAT BEARS NORTH 48°47'22" WEST, 166.71 FEET TO A POINT OF REVERSE CURVATURE:COURSE NO. 13: WESTERLY. 61.99 FEET ALONG THE ARC OF A CIRCULAR CURVE,CONCAVE NORTHERLY,HAVING A RADIUS OF 65.00 FEET,THROUGH A CENTRAL ANGLE OF 54°38'43" AND BEING SUBTENDED BY A CHORD THAT BEARS NORTH 89°18'35" WEST, 59.67 FEET;COURSE NO. 14:NORTH 61°59'14"WEST,36.90 FEET;COURSE NO. 15:NORTH 21°37'59" EAST,250,74 FEET TO A POINT OF CURVATURE;COURSE NO. 16:NORTHERLY. 121.17 FEET ALONG THE ARC OF A CIRCULAR CURVE,CONCAVE WESTERLY. HAVING A RADIUS OF 230.00 FEET, THROUGH A CENTRAL ANGLE OF 30°11'06" AND BEING SUBTENDED BY A CHORD THAT BEARS NORTH 06°32'26" EAST, 119.77 FEET TO A POINT OF REVERSE CURVATURE; 16 1 COURSE NO. 17:NORTHERLY,34.24 FEET ALONG THE ARC OF A CIRCULAR CURVE, CONCAVE EASTERLY, HAVING A RADIUS OF 65.00 FEET,THROUGH A CENTRAL ANGLE OF 30°11'06" AND BEING SUBTENDED BY A CHORD THAT BEARS NORTH 06'32'26" EAST, 33.85 FEET;COURSE NO. 18: NORTH 21°37'59" EAST. 100.89 FEET TO A POINT OF CURVATURE;COURSE NO. 19:NORTHERLY, 162.28 FEET ALONG THE ARC OF A CIRCULAR CURVE,CONCAVE WESTERLY. HAVING A RADIUS OF 1,190.00 FEET, THROUGH A CENTRAL ANGLE OF 07°48'48" AND BEING SUBTENDED BY A CHORD THAT BEARS NORTH I7°43'35" EAST, 162.15 FEET TO A POINT OF REVERSE CURVATURE:COURSE NO.20: NORTHERLY, 138.92 FEET ALONG THE ARC OF A CIRCULAR CURVE.CONCAVE EASTERLY, HAVING A RADIUS OF 510.00 FEET,THROUGH A CENTRAL ANGLE OF 15°36'23" AND BEING SUBTENDED BY A CHORD THAT BEARS NORTH 21°37'22" EAST, 138.49 FEET TO A POINT OF REVERSE CURVATURE; COURSE NO,21: NORTHERLY.376.91 FEET ALONG THE ARC OF A CIRCULAR CURVE,CONCAVE WESTERLY.HAVING A RADIUS OF 890.00 FEET.THROUGH A CENTRAL ANGLE OF 24°15'51"AND BEING SUBTENDED BY A CHORD THAT BEARS NORTH 17°17'38" EAST,374.10 FEET TO A POINT OF REVERSE CURVATURE: COURSE NO.22. NORTHEASTERLY. 56.89 FEET ALONG THE ARC OF A CIRCULAR CURVE, CONCAVE SOUTHEASTERLY,HAVING A RADIUS OF 50.00 FEET,THROUGH A CENTRAL ANGLE OF 65°11'08" AND BEING SUBTENDED BY A CHORD THAT BEARS NORTH 37°45'17" EAST,53.87 FEET;COURSE NO.23: NORTH 68°59'19" EAST,25.61 FEET;COURSE NO. 24: SOUTH 51°48'02" EAST, 171.93 FEET TO A POINT ON A NON-TANGENTIAL CURVE;COURSE NO.25: NORTHEASTERLY, 143.41 FEET ALONG THE ARC OF A CIRCULAR CURVE, CONCAVE SOUTHEASTERLY,HAVING A RADIUS OF 895.00 FEET,THROUGH A CENTRAL ANGLE OF 09°10'51" AND BEING SUBTENDED BY A CHORD THAT BEARS NORTH 44°I 1'54" EAST, 143.26 FEET TO A POINT OF REVERSE CURVATURE;COURSE NO.26: NORTHEASTERLY, 157.90 FEET ALONG THE ARC OF A CIRCULAR CURVE,CONCAVE NORTHWESTERLY,HAVING A RADIUS OF 668.60 FEET,THROUGH A CENTRAL ANGLE OF 13°31'53" AND BEING SUBTENDED BY A CHORD THAT BEARS NORTH 42°01'23"EAST, 157.53 FEET TO A POINT OF COMPOUND CURVATURE;COURSE NO.27: NORTHEASTERLY, 185.88 FEET ALONG THE ARC OF A CIRCULAR CURVE,CONCAVE NORTHWESTERLY, HAVING A RADIUS OF 500.00 FEET.THROUGH A CENTRAL ANGLE OF 21°18'01"AND BEING SUBTENDED BY A CHORD THAT BEARS NORTH 24°36'26" EAST, 184.81 FEET;COURSE NO, 28:NORTH 13°57'25" EAST. 434.86 FEET TO A POINT OF CURVATURE; COURSE NO.29: NORTHEASTERLY.389.88 FEET ALONG THE ARC OF A CIRCULAR CURVE,CONCAVE SOUTHEASTERLY,HAVING A RADIUS OF 495.00 FEET,THROUGH A CENTRAL ANGLE OF 45°07'42" AND BEING SUBTENDED BY A CHORD THAT BEARS NORTH 36°31'I6"EAST, 379,88 FEET TO A POINT OF REVERSE CURVATURE;COURSE NO. 30: NORTHEASTERLY. 151.58 FEET ALONG THE ARC OF A CIRCULAR CURVE.CONCAVE NORTHWESTERLY, HAVING A RADIUS OF 150.00 FEET,THROUGH A CENTRAL ANGLE OF 57°54'01"AND BEING SUBTENDED BY A CHORD THAT BEARS NORTH 30°08'06" EAST, 145.21 FEET TO A POINT ON A NON-TANGENTIAL CURVE;COURSE NO. 31; EASTERLY, 303.95 FEET ALONG THE ARC OF A CIRCULAR CURVE,CONCAVE NORTHERLY. HAVING A RADIUS OF 255.00 FEET, THROUGH A CENTRAL ANGLE OF 68`17'37" AND BEING SUBTENDED BY A CHORD THAT BEARS NORTH 72°41'19" EAST.286.27 FEET TO A POINT OF REVERSE CURVATURE; COURSE NO.32: NORTHEASTERLY,214.76 FEET ALONG THE ARC OF A CIRCULAR CURVE. CONCAVE SOUTHEASTERLY. HAVING A RADIUS OF 250.00 FEET.THROUGH A CENTRAL ANGLE OF 49°13'09" AND BEING SUBTENDED BY A CHORD THAT BEARS NORTH 63°09'05" EAST,208.22 FEET TO A POINT OF REVERSE CURVATURE:COURSE NO. 33: 1fi11 NORTHEASTERLY.248.23 FEET ALONG THE ARC OF A CIRCULAR CURVE,CONCAVE NORTHWESTERLY, HAVING A RADIUS OF 210.00 FEET,THROUGH A CENTRAL ANGLE OF 67°43'34"AND BEING SUBTENDED BY A CHORD THAT BEARS NORTH 53'53'52" EAST, 234.03 FEET TO A POINT OF REVERSE CURVATURE;COURSE NO. 34:NORTHEASTERLY. 122.11 FEET ALONG THE ARC OF A CIRCULAR CURVE. CONCAVE SOUTHEASTERLY, HAVING A RADIUS OF 100.00 FEET,THROUGH A CENTRAL ANGLE OF 69°57'55"AND BEING SUBTENDED BY A CHORD THAT BEARS NORTH 55°01'02"EAST, 114.67 FEET TO A POINT OF REVERSE CURVATURE;COURSE NO.35: EASTERLY, 57.32 FEET ALONG THE ARC OF A CIRCULAR CURVE,CONCAVE NORTHERLY, HAVING A RADIUS OF 100.00 FEET. THROUGH A CENTRAL ANGLE OF 32°50'27" AND BEING SUBTENDED BY A CHORD THAT BEARS NORTH 73°34'46" EAST. 56.54 FEET;COURSE NO. 36:NORTH 57°09'32" EAST, 115.02 FEET; COURSE NO.37:NORTH 04°35'06" WEST. 86.36 FEET TO A POINT ON A NON-TANGENTIAL CURVE;COURSE NO. 38: NORTHEASTERLY,528.63 FEET ALONG THE ARC OF A CIRCULAR CURVE,CONCAVE NORTHWESTERLY, HAVING A RADIUS OF 830.00 FEET,THROUGH A CENTRAL ANGLE OF 36°29'32"AND BEING SUBTENDED BY A CHORD THAT BEARS NORTH 66°47'03" EAST, 519.74 FEET TO A POINT OF REVERSE CURVATURE;COURSE NO. 39: EASTERLY, 403.75 FEET ALONG THE ARC OF A CIRCULAR CURVE,CONCAVE SOUTHERLY. HAVING A RADIUS OF 300.00 FEET,THROUGH A CENTRAL ANGLE OF 77'06'37"AND BEING SUBTENDED BY A CHORD THAT BEARS NORTH 87°05'36" EAST,373.96 FEET;COURSE NO. 40: NORTH 35°38'54" EAST, A DISTANCE OF 200.00 FEET TO A POINT ON THE SOUTHERLY RIGHT-OF-WAY LINE OF TAMIAMI TRAIL(U.S.41);COURSE NO.41: SOUTH 54°21'06" EAST, ALONG SAID SOUTHERLY RIGHT-OF-WAY LINE,A DISTANCE OF 859.24 FEET TO A POINT ON AFOREMENTIONED LANDS DESCRIBED IN THAT SPECIAL WARRANTY DEED BETWEEN FIDDLER'S LAND INVESTOR,LLC AND TAYLOR MORRISON OF FLORIDA, INC., MADE OCTOBER 30'", 2018;THENCE RUN THE FOLLOWING THREE(3)COURSES ALONG THE BOUNDARY OF LAST SAID LANDS;COURSE NO. l, CONTINUE SOUTH 54°21'06"EAST. ALONG SAID SOUTHERLY RIGHT-OF-WAY LINE,2,779.06 FEET(FOR A TOTAL DISTANCE OF 3,638.30 FEET);COURSE NO. 2: SOUTH 54°23'36"EAST ALONG SAID SOUTHERLY RIGHT- OF-WAY LINE,953.19 FEET TO A POINT ON THE EAST LINE OF THE SOUTHEAST 1/4 OF AFORESAID SECTION 18;COURSE NO. 3: SOUTH 00°31'32" WEST, ALONG THE EAST LINE OF THE SOUTHEAST 1/4 OF SAID SECTION 18. 1,272.89 FEET TO THE POINT OF BEGINNING. CONTAINING 22,488,941 SQUARE FEET OR 516.275 ACRES,MORE OR LESS. 1611 EXHIBIT "3 " 1611E EXHIBIT 3 EVIDENCE OF WRITTEN CONSENT OF OWNER'S CONSENT TO ESTABLISHMENT OF CURRENTS COMMUNITY DEVELOPMENT DISTRICT TAYLOR MORRISON OF FLORIDA,INC., ("Owner"), by and through its authorized representative Andrew Miller, Authorized Agent. hereby certifies that it is the owner of certain property located in unincorporated Collier County. Florida. more particularly described on Schedule A hereto (the "Property"). By signing below, the Owner hereby gives its full consent to the establishment by Collier County, Florida of the CURRENTS COMMUNITY DEVELOPMENT DISTRICT (the "District") in accordance with Section 190.005, Florida Statutes,and to the inclusion of the Property within the boundaries of the proposed District. The Property comprises 100%of the property to be included within the boundaries of the proposed District. IN WITNESS WHEREOF,the undersigned has hereunto set his hand this 10th day of April. .019. TAYLOR MORRISON OF FLORIDA, INC., a Florida profit company By: Andrew Miller, Authorized Agent STATE OF FLORIDA ) COUNTY OF COLLIER The foregoing instrument was acknowledge before me this loth day of April, 2019, by Andrew Miller,Authorized Agent of Taylor Morrison of Florida, Inc.. who is personally known to me [ X ] or produced as identification. Notary Public Signat 16frnilA Printed Name: Jessica K. L n �tme .� �May ComAsu iepmFstra m;al rifnida 8aa- n02Eexy rF'eu9Notary Stamp b3�ir {611 EXHIBIT "3A" "' it LEGEND NORTH ,�MO1 COD BOUNDARY ,�,., PROPOSED LAKE SCT IC.-ALE PROPOSED SPREADER LAKE -•1 PRESERVE r_ _ STORM PIPE INTERCONNECTS ❑ INLET A FLARED END Q JUNCTION BOX T-if/.4,. T • CONTROL STRUCTURE Ir♦ `-te I ♦ °7i e, „.. -4_1=l!r.. --.‘, .' 4.,' : -:', P,'::-r; .•1',-11..„ 44: .-N'--166 .. %• . ---..j2.-1,_ i'•'7,-;-P.\l',..1',... '.... ': ' 1 . 7-1.,, :r ,•1/. Is: ii_F:46-. • . -, 1 - '- '‘‘., •'-s.-r....);„?'•,,..-:". _f•-•_c z`iNri j--1,.. , cr _iN/..."..\\ it--..„. -•RF T,. � L' , ' /*/ ' ,•',.. -----__,R frirr,.. jo. ,, ...:.. ,,,-_,4,P,. ,,,. rrji:. /1„zz,Pt-.., _ 't, ' 1 ..•• .,Ttf, •rt-' . :- . • ".,.." ,(,••J'-' r ''.. - 1 r� •!' "�--:k • ' ' . .-? 1 ,•PRESERVE 112 i t '' iIJ . I-.' r, NNN � l � r I. 1 ( 11 • II f COD BOUNDARY 11 `� - (�J • r ir `r, `:,-. 1 . I J - 11 -I�., C. 1 f' I i!. 11 I LI _ .. 1 ii, , 4., ,.4t lie . _ ..mie.rta II 11 CURRENTS OF NAPLES EXHIBIT 3A - STORM WATER MANAGEMENT I WALDROP PREPARED FOR: SECTION: TOWNSHIP. RANGE "'''°''"1'''''c•""'wr"""i'n°14" ' RENGINEERING ESTANCIA COMMUNITY DEVELOPMENT DISTRICT 13,IL 19 51 25 (mi cu;.Ewrre 1 w.u•s I wsa•t 01 •ea:vE 00 JP WARD R ASSOCIATED LLC COLL I!R COUNTY FLORIDA 211106 00 114 4141•01 P.1R•M11N 006 1900 NORTHEAST PARK, TL•'RRAC L•.SU[Tli I FILE NAME• IEREMY H.ARNOLD,P_F.. P.bpi,,wos`..`n±4iki s:uia7s OAKLAND PARK,FLORIDA 37114 FL LICENSE NO.6642 I ew11-1emm.rm.p1.1E..d.4"vn SHEET: OF 1.1 1611 EXHIBIT " 3B " ib i 1 r LEGEND 1 NORTH • !. CDD BOUNDARY i_.„1, Mii rws—, PROPOSED LAKE wor 103cxa W.. PROPOSED Vfi iA SPREADER LAKE I I PRESERVE FORCE MAIN —do—_ PROPOSED GRAVITY SEWER PROPOSED r�Jlf,.r WASTEWATER J17ii. PUMP STATION / , Igt r EXISTING ♦ , .. o,J ` FORCE MAIN II /r ` - 's EXISTING 12"FORCE MAIN re 4 r1` fs• f I: rr f'' r t r fl N. F ` t - `: f-fir s , _ 1 �11 ,r .Ie _r 1 ,v-- .,,..... ,...• , __„, ,,, J _rj,..1. ' •fri I ,J JJ..IJ`S .1 ^J l ��•, I! ` I � JJ.4 -vi I ir _ r't -� ram. i_r. 1 1r�..; I '�l l _ ..A ::T ..r :: • • • • P1 $ERVEMZ �,. �.1. 1 r' I it ri r i' 'i ",I}' , I. f\/ J . __r', r rr , , 1 �r, _ , / -+ = COD BOUNDARY r — - ''-- 1-' I' t' III F'rJ'r�' IL-ram . (/II � �I. 1 rly. '1 ,t,1I 1_ III /�i it 1 1 11 I �I -!i ' li_1 (I j I 11 'r�•awr- -1`—`�'— --I_—.U.1— ME--MN l'ma-um-Ns-11=7"i--_im'marlio-uorim_ r bnc.ln ^W31r....kw) I' CURRENTS OF NAPLES EXHIBIT 3B — WASTEWATER PLAN 1 1 WALDROP PREPARED FOR; SECTION TOWNSEIP RANGE: rLwma•nnnrAnnr"ir""I'''•,er °'• ENGINEERING ESTANCIA COMMUNITY DEVELOPMENT DISTRICT I3,18.I7 51 25 crc1NCAVINC niwh4c1,Uw07:•1G AK.111r,rr 00 rP WARD&ASSOCIATED Lie COLLIER ColTT1' I Lnxn]n IA MO ROWS GRUM DIM•!MK Ali 2900 NORTHEAST I 27H TI;RRACx.SUITI:• FILE NAME. JEREMY H.ARNOLD,P.E. 9a� u%Wn a'faiwia>rwo OAKLAND PARK,FLORIDA 3S3]a Fi.L:CE SEND.Ir692 i ElI I .1911 w SHEET' rlr: Mror.rgao4.4.i.lono to t EXHIBIT "3C " 1 6 I 1 f LEGEND 1 NORTH I E COD BOUNDARYiMIIMI 1[ ' f PROPOSED LAKE r =cs p5;�q PROPOSED l�� SOREADER LAKE (` 1 PRESERVE PROPOSED WATER MAIN EXISTING WATER MAIN / t P "TterRq'C tip 'I�' .. �N rG�°i f I 1 .' I ` /.- !XI$TING C7"wATER MAI, I �,r�tk ./ JYA �r �f- ••• e r r . . ' s ` ■■ \ r fi:' ¢ Jif' I ,` • fr\ rl • rJ ti -. N. • 1 r . rr-1 '� - . I r'�'h Y - f _ s. r i� +�irS, I 'J!"::. •` rrr.:I'll"..11r--_rijIlii.: 4 4 1.:-Ii:I.'-II-7 1...: .1111:1 • ' 1 J_r I3�, �y;� � ' •rr 'r•' Esa`Rve.z r l�,1'� 1 ;�J I ar-f. -_ I, j rii .ftf • • ri ; y .-ssli I i d�'_ i f1 _ . — I , � 's ,, IiIiii,J 4.j I (� .. .__I I CV)SOLRDARY I 1_y ,. .• � I-LJ1,(� — �� I 'it 1. 11 4.' r rlj Y ,• . ' 4i -II !- a4 11 CURRENTS OF NAPLES EXHIBIT 3C — PROPOSED WATER PLAN IA j WAIJ)HCP I PREPARED FOR' SECTION TOWNSHIP. RANGE: /'°11p"`L"II•"f"1"-"",IL`T0"""" , NGINEERING IiSTANCIA COMMUNITY DEVELOPMENT DISTRICT I .IA.19 51 25 :en.i.u+lae I e..wl wosca.c+Pc na+a 00JP WARD aASSOCIATkDLLC COLLIERC0J 1Y riARIC1A 76711010WN GRAMME ORE-MAY b7 :906 NORTHEAST.2T11 TERRACE,SCITE I FILE NAIVE: JEREMY H.ARNOLD,P.E. emu�y7m q t 99►.161F71M OA K LANs PARK,FLORIDA 33334 SllL•GT lll.Li FL LICENSE NO.66421 !Ault 1nr/wlitape r w 4M •44.w i611 ' EXHIBIT "4" 16I1 NORTH O cc } Nor rosow, w 4O iti \ 5 J� \\ r- -74,,/�� 1v 14' C.) CL AGRICULTURE I MARCO SHORES/FIDDLERS CREEK - `tea (RPUD) -I COD BOUNDARY J a O: z z CURRENTS OF NAPLES EXHIBIT 4- EXISTING LAND USE MAP WALDROP PREPARED FOR' SECTION:TOWNSH:P RANGE: mom.CanrK.crowrnuuA.,n11t..N" ENGINEERING TAYLOR MORRISON OF FLORIDA,INC. I' I"•1° 51 -�5 maw:m C I ur'�I Km'Atemicerim SSI NORTH CATTLEMEN ROAD COLLIER COUNTY FLORIDA MIMINMI&MLUAtDn><•SUN 305 SARASOTA.FLORIDA 142)2 FILL NAME MCQUELIN M.LAROEQUE P.E r,a3°�°iF}Sm elnlitrj,•.ala.roe-% PHONE:(011)371.0DDS FAX:(041)371.700M SHEET: OF 13 lrmo,vnWA- WiiukloPfirmenWeelntoms 16 I 1 EXHIBIT "5 " t611 f LEGEND 1 NORTH CDD BOUNDARYit n PROPOSED LAKE rn+ro c:aE ElPROPOSED SPREADER LAKE PRESERVE } NN T, 444, NY \� `♦ / r ••• \N.'. lk t...:// ,42)..„,:,.....,,,,NN N ,-;\ NN.„.., ,e,„,7! i / ///>'? \S \.:1,....40' 4: '' / / \„ ''''',.// / / \ \k „ L s„.. /NN.,,,..1%k ri ( `,. , q41/ it ..,,,, icoiiihh,- f \\ �� 11 \ ,%iimis Ilior-ftwirillftriftr-... j'''* \ .1. / I i/ i II 1 ii . / ( / 1 1 '`J5 ) % (J _ CDD 6JUNDAR. -' C i i 1 Fr, ____ ) ,, I I 1 til 1 ,,,, . , Li r---------1 « Myer.# CURRENTS EXHIBIT 5 - LAND USE MAP ,. 1 WALDROP PREPARED FOR: SISCTION:TOWNli111r: kMi .n",' ♦" o.' '.''1'''A'}U'I '""''nln II" ENGINEERING 13.14.19 51 25 GSt E4 MEN111L I RWIp !u1G7 W!MEhctCME TAYLQR,1dORRISON OF FLORIDA,INC. COLLIEk COUNTY ILORI DA $51 NORTH CATTL EM LN ROAD Mil DO NOWA mimic NOM1}."IL JD, SAkn50"in,FLORIDA 3413? FILL NAM:: JEREMY H.ARNOLD.P.E. n2�i0647}I i:2344I.71 PHONE;f9dI1371-00118I'AX:(941)371-+ 1tl S11EEt: „J.I! Vt.LICT*ISE NO.hhI21 MILIn'.r.Wrw..illmerrw.nn 1611 EXHIBIT "6" + 611 I " r LEGEND NORTH COD BOUNDARY 1 ..�.", PROPOSED LAKE .or Giea[ FRIPROPOSED SPREADER LAKE _ 1 PRESERVE J NN. .1-44„, 4,.,... • c.,„. \'.., \\11\ / . / I >., / if 7.,, , 'i- \„\- ASS. ERVE it N. / I t: liN/ \\Al\ N \A, _. i., J Il4\`1 ! N / \\ • ii",..0 I/ (/ I. \-91;4, -,-`101,,„ " 14-,.., if Lo \oi, i . : . . 1/46.111001 0,111, '..PA Xx �- . .:6/./ / 1 ."1 'I 1 - )rrr • - 1 COD HOUNDARY y, 1 , .... _ I r i (I( Ir, r� r -I r'I ))I I, / , I / 1 1 r I� i rJ / f II CURRENTS OF NAPLES EXHIBIT 6 - PROPOSED DEVELOPMENT PLAN WALDROP PREPARED FOR: SECTION TOWNSHIP RANGE '.^.arnrn.,.iaa,.ul'mz'''''"` ENGINEERING ti$TANCIA COMMUNITY DEVELOPMENT DISTRICT I].iA.19 SI 25 e...,TN:1.11,”,a .uv+nc.-•.a•-.as.c»-ielonf CAD JP WARD&ASSOCIATED LLC COLL1EP.CDUMTY FLORIDA 3.109101fl.tM%I h IM-ILIA 3413 2900 NORTIIEAST TERRACE.SUITE I PILL NAME. T.srHKs.liln36 OAKLAND PARK,FLORIDA DIV IEREMY H.ARNOLD,ARNO[.i7 P.E. r xs+r.osnn F.als.asar�y SHEET- 1Jw li FL LLCENSE WO.66421 lwR:14.....ly.•V.. .44.1.w•- 1611 EXHIBIT "7 " 16 1 1 ` r LEGEND -1 NORTH P CDD BOUNDARY I..- ' f."r`1 'ROPOSEDLAKE zROPOS£D SPRFAOSR LAKE -I PRESERVE ........... EXISTING WATER MAIN EXISTING FORCE MAID: l r r a — ` ,; ` EXISTING 12"WATER MAIN j ` Ill• -v: y s ` .i I5 ▪ .' i./T' .' • 4` �!� ' , `' ,f EXISTING 12'•FORCE MAIN ,e,,*. '• .r...ri.. -.\, \ ,,, 13,,• \,.:, ,,-,.4, , , ... .., •,, rirrif 0-9 • '', ...%., ":. ..,e 'rli .../. :1)• --2::. . ,.. ....... . -- , ' ': 's / / r l` I ,� . /4 4,-- / % � _ Ir . fi kr ‘4_,-.11?-k...... p e ifiry,/,.,- ,-,.., /1 .' it/ .4,//: .--p -- • -.-. • ' i � } • s fir_. a ff r-11,/<7:Z:s• '."‘'e4.-T.. f. Jjk.'- .‘',..e.cei41-1_14/7,-1-1'" it'''''%1AC.:., ,''' ,, ' ssr 6(il'.,t`y .ram. r. J ,t r.:.17:1 i Fn rrrJ1,, `ti ,a,,- - '1' /. `, rre ''f-JAL..`-I if.,i' •11'4 r'ti • rlI=a, ; .Jr'�' ., !- g �� fl J'i :S'' or j]yf I;:'PRESERVE Ml - ( II 11 1 Y v,- `, 'f r='Y -'; -... .‘ Tirrri ji?" #.7 - .- -,•://.... / lor , II �A-1 I kr 1 - ..� is ',;:�.,� � . �IT � — � )' COD BOUNDARY ,. 1' _ -1_ ,,-.. ... ......... g '( I I ( i , ,fir r (', ,,, \ ,___ , , _. ,__„ _ c , ran I! , J ► Ir-.. I r .auawea E?l CURRENTS OF NAPLES EXHIBIT 7 -EXISTING UTILITY MAP IAI WALDROP PREPARED FOR: SECTION.TOWNSIIIP:RANGE ruler.r an.!env rEnun.iYWI Inv--I, ENGINEERING ESTANCIA COMMUNITY DEVELOPMENT DISTRICT U,i2'19 5I 25 ow•..:.n+lu I lu.•I":I..n•Lcrr-,rc:+uv C1O1P WARD 6:ASSOCIATED LLC COLLIER COUNTY FLORIDA y11,yytlOMfA mum 10lim fill 10i NCO Z4ORTIIEAST I_'TII TERRACE,SUITE I n0.414sv+l'ccII."1u IIL6 NAME: JERCMY II.ARNOLD,P.E. P zzo-,m•rzzr t zzo+oszezu QAKtAND PARK.FLORIDA i]lla FL LICENSI.NO.66+'_I (MAw'.Iw..WdnM.....M6 a.." SHEET: OI�I] EXHIBIT " 8 " 16I1 CONSTRUCTION COSTS ESTIMATES CURRENTS COMMUNITY DEVELOPMENT DISTRICT PHASE 1 PROFESSIONAL& PERMIT FEES $1,156,501.84 ENVIRONMENTAL, PRESERVATION & MITIGIATION FEES $347,9$5.00 EARTHWORK $16.61 1,385.43 IRRIGATION FACILITIES $975,829.11 LANDSCAPING $1,161,458.00 PERIMTER WALLS $367.500.00 POTABLE WATER SYSTEMS $1,216,240.00 SANTARY SEWER SYSTEMS $2,444,878.52 DRAINAGE SYSTEMS $1,436,1 1 7.00 OFF-SITE IMPROVEMENTS $1,271,465.77 CONTINGENCY @ 10% $4,048,404.10 TOTAL ESTIMATED COSTS-PHASE 1 $31,037,764.77 ENTIRE PROJECT PROFESSIONAL& PERMIT FEES $4,062,211.32 ENVIRONMENTAL, PRESERVATION & MITIGIATION FEES $347,985.00 EARTHWORK $16,611,385.43 IRRIGATION FACILITIES $3,606,479.44 LANDSCAPING $3,815,538.00 PERIMTER WALLS $772,600.00 POTABLE WATER SYSTEMS $4.984,531.00 SANTARY SEWER SYSTEMS $9,844,389.82 DRAINAGE SYSTEMS $6.694,378.00 OFF-SITE IMPROVEMENTS $1,271,465.77 CONTINGENCY @ 15% $7,842,144.57 TOTAL ESTIMATED COSTS-ENTIRE PROJECT $60,123,108.34 16 1 1 EXHIBIT "9" 16 1 ESTIMATED INFRASTRUCTURE CONSTRUCTION TIME TABLE CURRENTS COMMUNITY DEVELOPMENT DISTRICT PHASE I IMPROVEMENT START DATE COMPLETION DATE EARTH WORK 06/2019 06/2020 WASTEWATER SYSTEM 08/20I9 06/2020 WATER SUPPLY SYSTEM 10/2019 06/2020 SURFACE WATER MGMT 08/2019 06/2020 ROADS AND PAVING 10/2019 06/2020 LANDSCAPING& IRRIGATION 04/2020 07/2020 ENTRANCE FEATURES 04/2020 07/2020 FENCES&GATES 12/2019 03/2020 ENTIRE PROJECT IMPROVEMENT START DATE COMPLETION DATE EARTHWORK 06/2019 06/2028 WASTEWATER SYSTEM 08/2019 06/2028 WATER SUPPLY SYSTEM 10/2019 06/2028 SURFACE WATER MGMT 08/2019 06/2028 ROADS AND PAVING 10/2019 06/2028 LANDSCAPING& IRRIGATION 04/2020 07/2028 ENTRANCE FEATURES 04/2020 07/2028 FENCES &GATES 12/2019 03/2028 1611 EXHIBIT " 1 0" 16I1 CURRENTS COMMUNI TYDEVEL OPMENT DISTRICT STATEMENT OF ESTIMATED REGULATORY COSTS PETITION TO ESTABLISH THE DISTRICT Prepared by: 2/27/2019 JPWard& Associates LLC James P.Ward, Chief Operating Officer JPWard& Associates, LLC jimWardia.ji'WardAssociates.com 2900 NORTHEAST 12TH TERRACE , SUITE 1 OAKLAND PARK , FL 33334 954 . 658 . 4900 111, 16I1 JP Ward and..Associates L C 1.0 Introduction 1.1 Purpose and Scope This Statement of Estimated Regulatory Costs ("SERC") supports the Petition to Establish ("Petition")the Currents Community Development District("District").The District encompasses 516.275 acres of land, more or less. located within Collier County; Florida.Tne limitations on the scope of this SERC are explicitly set out in Section 190.002(2)(d), F.S. (governing D strict formation or alteration)as follows. "That the process of establishing such a district pursuant to uniform general law shall be fair and based only on factors material to managing and financing the service delivery function of the district, so that any matter concerning permitting or planning of the dcvelgpment is not material or relevant (emphasis added)." 1.2 Overview of the Development and the District A Community Development District ("COD,") is an independent unit of special purpose local government created and chartered by Chapter 190, Florida Statutes, to plan, finance, construct, operate and maintain community-wide infrastructure in large, planned community developments. It may be established on the proposed property by ordinance and this SERC is related only to the petition to establish. CDD's provide a "solution to the state's planning, management and financing needs for delivery of capital infrastructure to service projected growth without overburdening other governments and their taxpayers." Section 190.002(1)(a), F.S. A CDD is not a substitjte for the local, general purpose,government unit, i.e.,the County in which the CDD lies. A CDD does not have the permitting, zoning or police powers possessed by general purpose governments. A CDD is an alternative means of financing, constructing, operating, and maintaining community infrastructure for planned developments The scope of this SERC is limited to evaluating the consequences of approving the propose to establish the District. 2.0 Statement of Estimated Regulatory Costs 2.1 Requirements for a Statement of Estimated Regulatory Costs Section 120.541(2). F,S., defines the eiements a statement of estimated regulatory costs must contain the following elements: a) An economic analysis showing whether the rule directly or indirectly: 1 ) Pa ? : I 6 I 1 JP Ward and Associates LLC i. Is likely to have an adverse impact on economic growth, private sector job creation or employment, or private sector investment in excess of$1 million in the aggregate within 5 years after the implementation of the rule. ii Is likely to have an adverse impact on business competitiveness, :ncluding the ability of persons doing business in the state *.o compete with persons doing business In other states or domestic markets, productivity, or innovation in excess of$1 million in the aggregate within 5 years after the implementation of the rule. iii Is likely to increase regulatory costs, including any transactional costs, in excess of $1 million in the aggregate within 5 years after the implementation of the rule. b) A good faith estimate of the number of individuals and entities likely to be required to comply with the rule, together with a general description of the types of individuals likely to be affected by the rule. c) A good faith estimate of the cost to the agency, and to any other state and local government entities, of implementing and enforcing the proposed rule, and any anticipated effect on state or local revenues. d) A good faith estimate of the transactional costs likely to be incurred by individuals and entities, including local government entities, required to comply with the requirements of the rule. As used in this section, "transactional costs" are direct costs that are readily ascertainable based upon standard business practices,and include filing fees,the cost of obtaining a license,the cost of equipment required to be installed or used or procedures required to be employed in complying with the rule,additional operating costs incurred, the cost of monitoring and reporting, and any other costs necessary to comply with the rule. e) An analysis of the impact on small businesses as defined by s. 288.703, and an analysis of the impact on small counties and small cities as defined in s. 120.52. The impact analysis for small businesses must include the basis for the agency's decision not to implement alternatives that would reduce adverse impacts on small businesses. f) Any additional information that the agency determines may be useful 2l2cgv lb JP T4larcd and Associates LLC g) In the statement or revised statement, whichever applies, a description of any regulatory alternatives submitted under Section 120.541(1)(a)and a statement adopting the alternative or a statement of the reasons for rejecting the alternative in favor of the proposed rule. The references to the "rule" .n the statutory requirements for the Statement of Estimated Regulatory Costs also apply to an "ordinance" under Section 190.00S (2)(a), F.S. as amended. 3.0 Analysis of Required Elements of the Statement of Estimated Regulatory Costs 3.1 Questions: 3.1.1 Is likely to have an adverse impact on business competitiveness, including the ability of persons doing business in the state to compete with persons doing business in other states or domestic markets, productivity, or innovation in excess of $1 million in the aggregate within 5 years after the implementation of the rule. 3.1.2 Is likely to increase regulatory costs, including any transactional costs, in excess of $1 million in the aggregate within 5 years after the implementation of the rule. 3.1.3 A good faith estimate of the number of individuals aria entities likely to be required to comply with the rule,together with a general description of the types of individuals likely to be affected by the rule, 3.2 Responses: 3.2.1 The ordinance to establish the District will not have any adverse impact (direct or indirect) on economic growth, private sector job creation or employment, private sector investments, business competitiveness, the ability of persons doing business in the State to compete with persons doing business in other states or domestic markets, productivity, or innovation. Any increases in regulatory costs, principally dealing with transactional costs as a result of imposition of special assessments by the District will be the direct result of facilities and services provided by the District to the landowners within the District, and it should be noted that property ownership in the District is voluntary and all costs associated with the 3JPaga t6t JP Ward and Associates LLC District are required to be disclosed to prospective purchasers prior to sale, these costs are self-imposed and offset by the benefits derived from the services provided by the District. Next, the sole reason for the establishment of the District is to provide public facilities and services to support the development of the Community. The D,strict will promote local economic activity, create local value, lead to local private sector investment and is likely, at least in the short term, to support local private sector employment and/or lead to local new job creation. The District will allow to plan, fund, implement, operate and maintain, for the benefit of the landowners within the District, various pubiic facilities and services necessary for the continued development of the community_ Such facilities and services, will allow for the development of the land within the District for private use. The provision of District's infrastructure and the subsequent development of the private land will generate private economic activity, private economic growth, private investment and employment, and job creation. The District will use proceeds of indebtedness to fund construction of public infrastructure, which will be constructed by private firms, and once constructed, will use private firms to operate and maintain such infrastructure/provide services to the landowners and residents of the District. While similar economic growth, private sector job creation or employment, ar private sector investment could be achieved in the absence of the District by the private sector alone, the fact that the District was requested by the private developer means that the private developer considers the operation of the Distrct as beneficial to the process of land development and the future economic activity taking place within the District, which in turn will lead directly or indirectly to the economic growth, likely private sector job and/or support private sector employment,and private sector investments. When assessing the question of whether the District is likely to directly or indirectly have an adverse impact on business competitiveness, including the ability of persons doing business ;n the state to compete with persons doing business in other states or domestic markets, productivity, or innovat;on, one has to compare these factors in the presence and in the absence of the District in the development. When the question is phrased in this manner, it can be surmised that the 41Pag, 0 1611 JP Ward and Associates LLC District is likely to not have a direct or indirect adverse impact on business competitiveness, productivity, or innovation versus that same development without the District. Similarly to a purely private solution, District contracts will be bid competitively so as to achieve the lowest cost/best value for any particular infrastructure or services desired by the landowners under a "lowest responsive/responsible bid' method, which will insure that contractors wishing to bid for such contracts will have to demonstrate to the District the most optimal mix of cost, productivity and innovation. Additionally, the District for the development is not likely to cause the award of the contracts to favor non-local providers any more than if there was no District. The District in its purchasing decisions will not vary from the same principles of cost, productivity and innovation that guide private enterprise. 3.3 Question: 3.3.1 Likelihood on an increase in regulatory costs, including any transactional costs, in excess of $1 million in the aggregate within 5 years after the implementation of the rule. 3.4 Response: 3.4.1 The District will not increase any regulatory costs of the State or the County. The District will pay a one-time filing fee to Collier County to offset any expenses that the County may incur in the processing of this petition. Similarly,the District will be required to pay the annual Special District Filing Fee, which fee is meant to offset any State costs related to its oversight of all special districts in the State. The establishment of the District will, however, directly increase regulatory costs to the new landowners within the District. Such increases in regulatory costs, principally the anticipated increases in transactional costs as a result of likely imposition of special assessments and use fees by the District will be the direct result of facilities and services provided by the District to the landowners within the District. However, as property ownership in the District is completely voluntary, all current property owners must consent to the establishment of the District and the likelihood of additional transaction costs, and all initial prospective buyers must have such additonal transaction costs disclosed to them prior to sale, as required by State law, such increases should be considered voluntary, 5 I F. a ,T c. 161 JP Ward and AssocE res LLC self-imposed, and as a tradeoff for the services and facilities provided by the District. As to the anticipated amount of the transactional costs in the aggregate within 3 years, they are anticipated to not exceed approximately $59,818,400.00 as more fully described in the cost estimate table in the Petition and this SERC 3.5 Question: 3.5.1 A good faith estimate of the number of individuals and entities likely to be required to comply with the ordinance, together with a general description of the types of individuals likely to be affected by the ordinance. 3.6 Response: 3.6.1 The establishment of the District serves land that comprises 434.063 acres in size and in the master planned residential development, currently planned to be made up of an estimated 1,090 residential dwelling units along with a clubhouse/amenity feature such as pool and meeting roorn(s) and outdoor recreational uses. The property owners in the District will be individuals that may operate industrial, manufacturing and other retail and non-retail related businesses outside the boundaries of the District. 3.7 Question: 3.7.1 A good faith est.mate of the cost to the agency, and to any other state and local government entities, of implementing and enforcing the proposed rule,and any anticipated effect on state or iocal revenues. 3.8 Response: 3.8.1 There is nc state agency promulgating any rule relating to this project that is anticipated to effect state or local revenues. In this regard it is important to note that any debt obligations Incurred by the District to construct its infrastructure, or for any other reason,are not debts of the State of Florida, the County, or any other unit of local government. In accordance with State law. debts of the District are strictly its own responsibility. 161 I JP Ward and Associates LLC 3.9 Question: 3.9.1 A good faith estimate of the transactional costs likely:o be incurred by individuals and entities, including local government entities, required to comply with the requirements of the rule. As used in this section, "transactional costs" are direct costs that are readily ascertainable based upon standard business practices,and include filing fees,the cost of obtaining a license, the cost of equipment required to be installed or used or procedures required to be employed in complying with the rule, additional operating costs incurred, the cost of monitoring and reporting,and any other costs necessary to comply with the rule. 3.10 Response: 3.10.1 Individuals and Entities: Table 1 below provides an outline of the various facilities and services the District may provide. Description Constructed Ownership Maintenance by Earthwork CDD CDD CDD/HOA Wastewater Facilities COD Collier Cty. Collier Cty. Surface Water Managment CDD CDD. CDD/HOA irrigation Systems COD COD CDD/HOA Off-Site Improvements CUD COD CDD/HOA Environmental Facilities CDD CDD CDD/HOA Landscaping CDD CDD CDD/HOA Permetiter Wall and Fences COD COD CDD/HOA Professional Fees CDD CDD COD Contingency(10%) CDD CUD COD 7IPage 16I1 JP Ward and Associates LLC The District may enter an agreement with the Homeowner's Associations for the operations and maintenance of the facilities that will remain in the ownership of the District. The petitioner has estimated the design and development costs for providing the capital facilities as outlined in Table 1. The cost estirrates are shown in Table 2 below. Total design and development costs for these facilities are estimated to be approximately $38,813,500.0C. The District may levy non-ad valorem special assessment (by a variety of names) and may issue revenue and other bonds to fund the management of these facilities. These bonds would be repaid through non-ad valorem special assessments (by a variety of names) levied on all properties in the District that receive special and peculiar benefit from the District's capital improvement grogram as outlined in Table 2. Prospective future landowners in the Development may be required to pay non-ad valorem special assessments levied by the District to provide for facilities or operations and maintenance and secure any debt incurred through bond issuance. In addition to the levy of non-ad valorem special assessments which may be used for debt service, the District may also levy a non-ad valorem assessment to fund the operations and maintenance of the District and its facilities and services. However. locating in the District by new residents is comp,etely voluntary and levy of such assessments, as well as the prospect of such assessments, are noticed and disclosed fully. So, ultimately, all owners and users of the affected property choose to accept the non-ad valorem assessments as a tradeoff for the services and facilities that the District will provide. In addition, state law requires all assessments levied by the District to be disclosed by the seller to all prospective purchasers of property within the District. A Community Development District "CDD" provides the property owners with an alternative mechanism of providing public services; however, special assessments and other impositions levied by the District (and collected by law) represent the transactional costs incurred by landowners as a result of the establishment of the District Such transactional costs should be considered it terms of costs likely to be incurred under alternative public and private mechanisms of service provision, such as other independent Special Districts, County or its 8I7' ag� 16 ' 1 JP Ward and Associates LLC Dependent Districts or county management, but financing with municipal service benefit units and municipal service taxing units which are not Districts, or private entities, all of which can be grouped into three major categories: public district, public other,and private. With regards to costs of public district mechanism of public services delivery to the developments within the proposed area, Dependent and other Independent Special Districts :an be used to manage the provision of infrastructure and services, however,they are limited in the types of services they can provide, and likely it would be necessary to employ more than one district to provide all services needed by the development. Transaction costs resulting from the employment of more than one district would likely be higher than those resulting from a single entity such as a CDD. Other public entities, such as municipalities and counties, also are capable of providing services, however, their costs in connection with the new services and infrastructure required by the new development, transaction costs, would be borne by all taxpayers, unduly burdening existing taxpayers and would also be inconsistent with the State's policy of"growth paying for growth". Lastly, services and improvements could be provided by private entities. However, their interests are primarily short-term profits and there is no public accountability. The marginal benefits of tax-exempt financing utilizing CDDs would cause the COD to utilize its lower transactional costs to enhance the quality of infrastructure and services. In considering transactional costs of CDDs, it shall be noted that occupants of the lands to be included within the District will receive three major classes of benefits. First, those residents in the District will receive a higher level of public services which in most instances will be sustained over longer periods of time than would otherwise be the case Second, a CDD is a mechanism for assuring that the community services will be completed concurrently with development of lands wilhir the Development.This satisfies the revised growth management legislation, 91Pa JP Ward and Associates LLC and it assures that growth pays for itself without undue ourden on other consumers. Establishment of the District will ensure that these landowners pay for the provision of facilities, services and improvements to these lands Table 2_ Cost Estimate for District Facilities Descriptor ofFacilities to be Constructed by Estimated District Construction Cost Earthwork $16,612,000.00 Wastewater Facilities S 9,845,000.00 Potable Water Facilities $ 4,985,000.00 Water Management Facilities $ 6,695,000.00 irrigation Facilities $ 3,607,000.00 Off-Site Facilities $ 1,272,000,00 Environmental Facilities $ 348,000,00 Landscaping Facilities $ 3,816,000.00 Perimeter Walls&Fences $ 773,000.00 Professional Fees $ 4,063,000.00 Contingency(10%) $ 7,802,400.00 Total: $59,818,400.00 Third, a COD is the sole form of local governance which is specifically established to provide District landowners with planning, construction, implementation and short- and long-term maintenance of community infrastructure at sustained levels of service. 10IPage I611 JP Ward and Associates LLC The cost impact on the ultimate landowners in the Development is not the total cost for the District to provide infrastructure services and facilities. Instead, it is the incremental costs above, if applicable, what the landowners would have paid to install infrastructure via an alternative financing mechanism.Given the low cost of capital for a COD due to tax-exempt financing, landowners within the District can usually expect the marginal benefits of finance savings directed toward higher quality of infrastructure than landowners in similar developments not located within CDDs. State Governmental Agencies: There will be only a modest cost to the Department of Economic Opportunity and any other State governmental entity to implement the establishment of the District. The District as proposed is within unincorporated Collier County, Local Government: (Collier County) -he proposed land for the District is in Collier County, Florida and consists of approximately 516.275 acres more or less. Collier County and its staff may process, analyze, conduct a public hearing, and vote upon the petition to establish the District. These activities will absorb some resources. The costs to review the record of the local hearing, the transcript of the hearing, and the ordinance adopted by the local general-purpose government will be offset by the filing fee required under 190.005(1), F.S. These costs to Collier County are modest for a number of reasons. First, according to Chapter 190, F.S., review of the Petition to establish the District does not include analysis of any community developments within the boundaries of the District.Second.the Petition itself provides much of the information needed for a staff review. Third, local governments already possess the staff needed to conduct the review without the need for new staff Fourth. there is no capital required to review the Petition_ Fifth, the potential costs are offset by the required filing fee. Finally, general purpose local governments routinely process petitions for land uses and zoning changes that are far more complex than is the Petition to establish a community development district. 11 ( Page JP Ward and A.ssociatcs LL. The annual costs to the County, are minimal, in that they consist of the District filing certain reports with the County, such as proposed and adopted budgets, notice of annual meetings,etc. 3.11 Question: 3.11.1 An analysis of the impact on small businesses as defined by s. 288.703, F.S.. and an analysis of the impact on small counties and small cities as defined in s. 120.52, F.S. The impact analysis for small businesses must include the basis for the agency's decision not to implement alternatives that would reduce adverse impacts on small businesses. 3.12 Response: 3.12.1 There will be no impact on small businesses because of the establishment the District. If anything, the impact may be positive. Collier County has an estimated population that is greater than 75,000 according to the Census estimates as of July, 2016 ; therefore the County is not defined as a "small " County according to Section 120.52 (18), F,S, and there will accordingly be no impact on County because of the establishment of the District. 3.13 Question: 3.13.1 Any additional information that the agency determines may be useful. 3.13.2 In the statement or revised statement, whichever applies, a description of .any regulatory alternatives submitted under paragraph (1)(a) of Chapter 120.541 and a statement adopting the alternative or a statement of the reasons for rejecting the alternative in favor of the proposed rule. 3.14 Response: 3.14.1 The analysts provided above is based on a straightforward application of economic theory, especially as it relates to tracking the incidence of regulatory costs and benefits. inputs were received from the Petitioner's Engineer and other professionals associated with the Petitioner 12iPage 16I1 JP Ward and Associates LLC Finally, it is useful to reflect upon the question of whether tile proposed establishment of the District is the best alternative to provide community facilities ano services to the project. As an alternative to the District, Collier County could approve a dependent special district for the area, such as an MSBU or a special taxing district. Either of these alternatives could finance the improvements contemplated in Table 2 in a fashion similar to the District. There are a number of reasons why a dependent district is not the best alternative for providing community facilities and services to the proposed District. First, unlike the District, the alternatives would require the County to administer the project and its facilities and services. As a result,the costs for these services and facilities would not be attributed to the land directly benefiting from them, as the case would be with the District. Administering a project of the size and complexity of the development program anticipated for the lands to be included in the District is a significant and expensive undertaking. Second, a District is preferable from a government accountability perspective. With a District, residents and landowners in the District would have a focused unit of government ultimateiy under their direct control. The District can then be more responsive to resident needs without disrupting other County responsibilities. By contrast, if the County were to establish dependent districts, then the residents and landowners of the proposed District would take their grievances and desires to the County. Third, any debt of a District is strictly the District's responsibility. While it may be technically true that the debt of a County-established, dependent special district is not strictly the County's responsibility, any financial problems that the special district may have will inevitably entangle the County. This will not be the case if the proposed District is established. Another alternative to the District would be for a homeowners association ("HOA") to provide the infrastructure, operations and maintenance of community facilities and services. A District is superior to a HOA for a variety of reasons. First, unlike a HOA, a District can obtain low cost funds from the municipal capital markets. Second, the 131 P -eg,: if) , JP Fard and Associates LLC District can impose and collect its assessments along with other property taxes. Therefore, the District is far more assured of obtaining its needed funds than is a HOA. Third, the proposed District is a unit of local government. This provides a higher level of oversight and accountability. 14lf a : 1611 Affidavit Pre-Filed Testimony i611 BEFORE THE BOARD OF COMMISSIONERS COLLIER COUNTY, FLORIDA STATE OF FLORIDA COUNTY OF COLLIER IN RE: PETITION TO ESTABLISH THE CURRENTS COMMUNITY DEVELOPMENT DISTRICT I AFFIDAVIT ADOPTION WRITTEN, PRE-FILED TESTIMONY STATE OF FLORIDA COUNTY OF COLLIER I. Jeremy N. Arnold, P.E., Senior Vice President of Waldrop Engineering, P.A., a Florida corporation, its general partner. being duly sworn, do hereby state for my affidavit as follows. 1. I have personal knowledge of the matters set forth in this affidavit. 2. My name is Jeremy H. Arnold, P.E. and I am Senior Vice President of Waldrop Engineering, P.A., a Florida corporation. 3. The prepared, written, pre-filed testimony, submitted under my name to Collier County relating to the establishment of the Currents Community Development District. and attached hereto, is true and correct. 4_ If 1 were asked the questions contained in the pre-filed testimony orally, my oral answers would he the same as the written answers presented in my pre-filed testimony. 5. My pre-filed testimony generally addresses the nature of the services and facilities to be provided by the proposed Currents Community Development District, the truth and accuracy of the Petition to establish the proposed District, and compliance with the factors to he considered in the establishment of a community development district. 16I1 tinder penalties of perjury, I declare that I have read the foregoing and the facts alleged are true and correct to the best of my knowledge and belief. Executive this(- ' day of k7r1 I , 2019- Jeremy H. Arnold, P.E., Senior Vicc President of Waldrop Engineering, P.A., a Florida corporation. By Jc re>Fny1 H. Arnold. P.E. SWORN TO and SUBSCRIBED before me by the Affiapt, on this'" , day of - 2019. JES5ICA K t INN state or Flor da•Motary Public N ry Public State of Florida ril Commission n GIG 170813 My Cornrnissiol Expires April 16. 2022 j-s ci z- K . (mil Typed Name of Notary Public Personally Known Type Identification produced 16114 Testimony of Jeremy II. Arnold, P.E. April 4. 2019 1. Please state your name and business address. Jeremy 11. Arnold. P.F. Waldrop Engineering, P.A. 28100 Bonita Grande Drive Suite 305 Bonita Springs, FL. 34135 2. By whom arc you employed and in what capacity? Waldrop Engineering, P.A., Senior Vice President 3. And what is the nature of your firm's business? Civil Engineering 4. Please describe your experience and credentials, including your current employment. Director of operations and senior project manager for Waidmp Engineering. Land Development expert in water management, utility systems,grading. roadway and site planning. 5. Please provide your professional background, with degrees earned, major areas of study, year of degree, and institutions attended. Graduate from University of Kentucky with a BS in Cix it Engineering with over 16 years of experience practicing civil engineering in south west Florida. 6. Do you hold any professional designations or certifications? Florida Professional Engineer(FL #664211 7. Are you a member of any professional associations? Member of the FES Caloosa Chapter 8. Prior to your current employment, by wham were you employed and in what position? Barron Collier Companies, Land Development Project Manager. 1611 9. Do you consider yourself an expert in civil engineering? I have been deemed an expert. 10. Please describe your experience with civil engineering relating to community development districts ("CDDs") and special districts? Lead engineering for the development and establishment of multiple CDDs; including but not limited to Flowway CDD(Collier County). Esplanade Lake Club (Lee County)and LT Ranch (Sarasota County). 11. Do you consider yourself an expert in civil engineering, capable of rendering expert opinions on CDDs, and specifically on infrastructure for CDD services? Yes 12, What has been you role with respect to the Petition to Establish ("Petition") Currents Community Development District("Currents CDD")? Project Manager in charge of CDD Engineer report and budget. 13. Are you familiar with the Petition filed to establish Currents CDD? Yes 14. Have you reviewed the contents of the Petition? Yes 15. Are there any changes or corrections to the Petition at this time? None 16. Are there any changes or corrections to any of the exhibits attached to the Petition at this time? None 17. Are you generally familiar with the geographical areas,type, and scope of development and the available services and facilities within the Currents CDD? Yes 18. Please provide us with a brief description of Currents CDD boundaries and location? 1 6 I 1 500+1_ AC CDD Boundary adjacent to the existing development known as Fiddler's Creek in Collier County Fl_ 19. Are the contents of the Petition and exhibits attached to it true and correct to the best of your knowledge as of the date your prepared testimony is filed? Yes Let me ask you a few questions about certain opinions you may have based on your experience with CDDs,civil engineering, real estate development, and the development of lands within Currents CDD in particular. 20. Based on your experience, do you have an opinion as to whether the proposed Currents CDD is of sufficient size,sufficient compactness, and sufficient contiguity to be developed as a functionally interrelated community? Yes 21. What is your opinion? 500 Acres and over 1200 dwelling units is adequate size for a CDD. 22. What is the basis for your opinion? Experience in the industry. 23. Based on your experience, do you have an opinion as to whether Currents CUD is the best alternative available to provide community development services and facilities to the area that will be served? Yes 24. What is your opinion and the basis for it? The establishment of a CDD is a good choice to provide long term services to the development 25. Based on your experience, do you have an opinion as to whether the services and facilities to be provided by Currents CDD will be compatible with the uses and existing local and regional facilities and services? Yes 26. What is your opinion and the basis for it? t61t Currents CDD is adjacent to an existing CDD that function and provides similar services. 27. Based on your experience, do you have an opinion as to whether the area to be included within Currents CDD is amenable to being served by a separate special district government? Yes 28. What is the basis for your opinion? At this time I don't believe the Currents CDD would not be amenable. 29. Turning now to the state and local comprehensive plan criteria of Section 190.005(1)(c)2., do you have an opinion as to whether the establishment of Currents CDD is inconsistent with any applicable element or portion of the State Comprchensi%c Plan? Yes 30.What is your opinion? Currents CDD is consistent with local Comp. Plan. 31. What is the basis of your opinion? Industry Experience 32. Do you have an opinion, as someone with expertise in planning. as to whether the establishment of Currents CDD is inconsistent with any applicable element or portion of the Collier County Comprehensive Plan? Yes 33. What is your opinion? The establishment of the Currents CDD is consistent with the Collier County Comp. Plan. 34. Does this conclude your testimony? Yes 4 1611 Warranty Deed 1611 INSTR 5633311 OR 5568 PG 3814 RECORDED 11/5/2018 3:27 PM PAGES 9 CLERK OF THE CIRCUIT COURT AND COMPTROLLER, COLLIER COUNTY FLORIDA Doc@.70 $252,000.00 REC $78.00 CONS 536,000,000.00 This Lutrument prepared by: Mart./. Woodward,Esquire Woodward Pires&Lombardo,P.A. 3200 Tamland Trail N.,Suite 200 Naples.Florida 34103 Naples,FL 34103 Parcel ID 4 00763480006 and parkas of'00763920414 and#00763882617 Grantee's TIN# SPECIAL WARRANTY DEED This Indenture, made this 3 Q•Pay of October, 2018, between FIDDLER'S LAID INVESTOR,LLC,a Delaware limited liability company, hauin res at Io Fortress Credit Advisors LLC, 1345 Avenue 2 of the Americas, 46th Floor, New Yo cyl�t )fi1 OR,and rvx TAYLOR MO OF FLORIDA,I .fit- •,ride corporation GRANTEE whose post offic dd ens Sl!Y. Cat • • Road, uite 00,Sarasota, Florida 34232 WITNESSET71, that the G tot; o • 7 of EN DOLLARS, and other good and valuable consideratio to i.'.•Gr•. . � rf'b • • G •nt.e, the receipt whereof is hereby acknowledged, hat g • •. •!!• • sat, . •• d Grantee's heirs and assigns forever, the following dent ited • . situate, lying an,• ,eing 're th •• . my of Collier, State of Florida, to Wits r f f As I ,C) • ATTACHED IXHIB ,<X. SUBJECT to taxes, assessments a s t , lac ,?.'le for the year 2018 and all subsequent years and also to the Permitted Exceptions *A , attached Exhibit "B", without, re-Imposing the MM. And said Grantor does hereby fully warrant the title to said land, and will defend the same against the lawful claims of all persons whomsoever,claiming by, through,or under Grantor but against none other. IN WITNESS WHEREOF, Grantor has hereunto set Grantor's hand and seal the day and year first above written. Signed,sealed and delivered in the presence of: FIDDLER'S LAND INVESTOR, LLC, a Delaware limited liability corn y id/Alit 11. Print Name: ► a ,eP,.,W+ By: WG I K.,r Michael hfcNamara, as Authorized Signatory, f and not in his individual capacity Prlr Name: 1,1..--1 (CORPORATE SEAL) ibll"' OR 5568 PG 3815 STATE OF 1°ea,+.)'la'4. COUNTY OF h%r.. yo-!L The foregoing instrument was acknowledged before this 24 day of October, ZQl8, by Michael McNamara. as Authorized Signatory of Fiddler's Land Investor, LLC, a Delaware limited liability company,on behalf of the limited liability company. He is personally known to me and did take an oath. Print a e: ILltA qe, +4. 0.a.� "',,.lr`;r► ., —,,v . r� Notary Public , 915 .t''' .......... `,. Commission No. Commission Expires: j"' .� 4."U.A ' !�' ' '' 57- rC w 7.....„....„--- MARLOH A CLANI(Ea . �' I i:e` �j.. / ` • .ta„VitI c•4ato of Nafw;Vock%, i.. '.,`' '` ..•�'O0�`1 4,7 �.01CL6297367 + O ; t:C 'Jell din Nassau County . , .f4.r I$$11,s ss ' I rim mts Ian Expires Feb 1e,'2022 (.e. i 0 7 - cMC DOC ID.2441338B.2 j 6 1 1 on 5568 PG 3816 EXHIBIT "A" A PARCEL OF LAND LOCATED IN SECTION 13,TOWNSHIP 51 SOUTH,RANGE 26 EAST AND SECTIONS 18 AND 19, TOWNSHIP 51 SOUTH, RANGE 27 EAST, COLLIER COUNTY, FLORIDA, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: BEGIN AT THE SOUTHEAST CORNER OF SECTION I8,TOWNSHIP 51 SOUTH, RANGE 27 EAST, COLLIER COUNTY, FLORIDA; THENCE RUN ALONG THE EAST LINE OF SECTION 19, TOWNSHIP 51 SOUTH, RANGE 27 EAST, COLLIER COUNTY, FLORIDA, SOUTH 00°19'26'EAST,A DISTANCE OF 908.82 FEET;THENCE SOUTH 89°37'25"WEST, A DISTANCE OF 5,121.01 FEET; THENCE NORTH 00'22'35" WEST, A DISTANCE OF 1,364.92 FEET;THENCE NORTH 84°46'05"WEST,A DISTANCE OF 505.52 FEET;THENCE NORTH 05°13'55"EAST,A DISTANCE OF 123.12 FEET TO A POINT ON THE BOUNDARY OF THE LANDS DESCRIBED IN OFFICIAL RECORDS BOOK 5054, PAGE 2038, PUBLIC RECORDS OF COLLIER COUNTY, Fit - 4 SAME BEING A POINT ON A NON TANGENTIAL CURVE TO THE Ili ' '0114 tart: ALONG SAID BOUNDARY FOR THE FOLLOWING THIRTY-S •URSES AA ANCES, 1)EASTERLY 134.08 FEET ALONG THE ARC O CURVE, HAV A ' • DNS OF 80.00 FEET, A CENTRAL ANGLE OF 9 °0 ' 1 E• 'IN.. S'UTH 85°12'44" EAST, A DISTANCE OF 118.93 FE O A PO ' + ' A ' VERSE 4 URVE TO THE RIGHT; 2) THENCE EASTERLY 61. 4 triOlir S • I' CURVE, HAVING A RADIUS OF 80.00 FEET, C G 4 ('HORD BEARING NORTH 68°55'02" - !,.. o , EAST, A DIST - 3) .�-_ OUTH 88 5616 EAST, A DISTANCE OF 664.33 FE mar A POINT ON O T$'ENTIAL CURVE TO THE LEFT;4)THENCE EASTE •' .45 FEET ALON 1 gi OF SAID CURVE,HAVING A RADIUS OF 285.00 FEE , '• • NTRAL ANGL + °35'10", (CHORD BEARING SOUTH 79°38'52" EAST, A DI` AN '_ IF 92.1 a , 5) THENCE SOUTH 88°56'27" EAST, A DISTANCE OF 322.37 .- FTp 611,47 ON A CURVE TO THE LEFT; 6) THENCE NORTHEASTERLY 371.61 FE •. el,`G THE ARC OF SAID CURVE, HAVING A RADIUS OF 225.00 FEET, A CENTRAL ANGLE OF 94°37'47 (CHORD BEARING NORTH 43°44'40" EAST, A DISTANCE OF 330.79 FEET); 7) THENCE NORTH 03°34'14" WEST, A DISTANCE OF 87.88 FEET TO A PONT ON A CURVE TO THE RIGHT; 8) THENCE NORTHEASTERLY 339.06 FEET ALONG THE ARC OF SAID CURVE, HAVING A RADIUS OF 260.00 FEET, A CENTRAL ANGLE OF 74°43'05", (CHORD BEARING NORTH 33°47118" EAST, A DISTANCE OF 315.54 FEET) TO A POINT ON A NON TANGENTIAL CURVE TO THE LEFT;9)THENCE NORTHERLY 84.57 FEET ALONG THE ARC OF SAID CURVE, HAVING A RADIUS OF 45.00 FEET, A CENTRAL ANGLE OF 107°40'34", (CHORD BEARING NORTH 16'59'07"EAST,A DISTANCE OF 72.66 FEET)TO A POINT ON A NON TANGENTIAL CURVE TO THE LEFT; 10) THENCE EASTERLY 483.85 FEET ALONG THE ARC OF SAID CURVE,HAVLNG A RADIUS OF 365.00 FEET,A CENTRAL ANGLE OF 75°57'07", (CHORD BEARING NORTH 78°42'43" EAST, A DISTANCE OF 449.19 FEET); 11) THENCE SOUTH 51°28'34" EAST, A DISTANCE OF 105.27 FEET; 12) THENCE SOUTH 38°3126" WEST, A DISTANCE OF 111.08 FEET TO A POINT ON A CURVE TO THE LEFT; 13) THENCE SOUTHERLY 91.65 FEET ALONG THE ARC OF SAID CURVE, HAVLNG A RADIUS OF 45.00 FEET, A CENTRAL ANGLE OF 116°41'28",(CHORD BEARING SOUTH 19°49'I8"EAST,A DISTANCE OF 76.61 FEET); 14) THENCE SOUTH 78°10'02" EAST, A DISTANCE OF 194.68 FEET TO A POINT ON A f T11 VF Tr') TI-1P 1 PPT'• 1S1 T1-TFN('1: ll'i lPTNF iCTPP1 V Q7 511 "PPPT AT (WC T1-1U 1 1? 1611 GR 5568 PG 3817 (CHORD BEARING NORTH 45°55'00" EAST, A DISTANCE OF 74.54 FEET)TO A POINT ON A REVERSE CURVE TO THE RIGHT; 16) THENCE NORTHEASTERLY 450.20 FEET ALONG THE ARC OF SAID CURVE, HAVING A RADIUS OF 300.00 FEET,A CENTRAL ANGLE OF 85°58'55", (CHORD BEARING NORTH 32°59'29" EAST, A DISTANCE OF 409.13 FEET) TO A POINT ON A REVERSE CURVE TO THE LEFT; 17) THENCE NORTHEASTERLY 389.19 FEET ALONG THE ARC OF SAID CURVE,HAVING A RADIUS OF 300.00 FEET,A CENTRAL ANGLE OF 74°19'47",(CHORD BEARING NORTH 38°49'03'1 EAST, A DISTANCE OF 362.47 FEET) TO A POINT ON A REVERSE CURVE TO THE RIGHT; 18) THENCE NORTHERLY 139.04 FEET ALONG THE ARC OF SAID CURVE, HAVING A RADIUS OF 300.00 FEET, A CENTRAL ANGLE OF 26°33'16", (CHORD BEARING NORTH 14°55'47" EAST, A DISTANCE OF 137,80 FEET); 19) THENCE NORTH 28°12'25"EAST, A DISTANCE OF 70.46 FEET TO A POINT ON A CURVE TO THE LEFT; 20)THENCE NORTHERLY 48.52 FEET ALONG THE ARC OF SAID CURVE, HAVING A RADIUS OF 45.00 FEET, A CENTRAL ANGLE OF 61'46'37", (CHORD BEARING NORTH 02°40'53"WEST, A DISTANCE OF 46.20 1 ` ' 0 A POINT ON A REVERSE CURVE TO THE RIGHT; 21) THENCE NORT I �t, ('G I. II, ET ALONG THE ARC OF SAID CURVE,HAVING A RADIUS O V , • tik' , . . ANGLE OF 18°38'25",(CHORD BEARING NORTH 24°15'00" tria. , A DISTANCE • II.'7 FEET) TO A POINT ON A REVERSE CURVE TO THE NCE OR -E` RLY 46.86 FEET ALONG THE ARC OF SAID CUR ,H• VINaNfa--A.,,v,,B4LIS 45.00 zT, A CENTRAL ANGLE OF 59°39'38", (CHORD BEAR G e''$k '• i,. .°ten 1S ANCE OF 44.77 FEET)TO A POINT ON A NO. • G Ian C +•t. •• ckk f• I T E LEFT; 23) THENCE NORTHEASTERLY 386.52.Ii, ' ' s,1 . 4.5 - • •'_C O i.S; VE,HAVING A RADIUS OF 1,190.00 FEET, A C ' ' AL ANGLE OF • :°36 16" ORD BEARING NORTH 38°57'3I" EAST, A DISTAN 0F 384.82 FEET) TJz• "U N A COMPOUND CURVE TO THE LEFT; 24) THENC. +r s •THERLY 165. 2 ', ONG THE ARC OF SAID CURVE, HAVING A RADIU 01 _10.00 FEET RAL ANGLE OF 29°39'13", (CHORD BEARING NORTH 14°4' ." • _.d ,ar'+ • . . 'E OF 163.77 FEET);25)THENCE PI:00°00'00' EAST, A DISTAN ` - ►4. ET; 26) THENCE NORTH 90°00'00" WEST,A DISTANCE OF 113.79 FEET;27)THENCE NORTH 00°00'00"EAST,A DISTANCE OF 130.00 FEET TO A POLNT ON A NON TANGENTIAL CURVE TO THE RIGHT; 28) THENCE NORTHWESTERLY 18.33 FEET ALONG THE ARC OF SAID CURVE, HAVING A RADIUS OF 20.00 FEET,A CENTRAL ANGLE OF 52°30'11",(CHORD BEARING NORTH 63°44'48" WEST, A DISTANCE OF 17.69 FEET) TO A POINT ON A REVERSE CURVE TO THE LEFT; 29) THENCE NORTHWESTERLY 24.89 FEET ALONG THE ARC OF SAID CURVE,HAVING A RADIUS OF 95.00 FEET,A CENTRAL ANGLE OF 15°00'34",(CHORD BEARING NORTH 45°00'00" WEST, A DISTANCE OF 24.82 FEET) TO A POINT ON A REVERSE CURVE TO THE RIGHT; 30)THENCE NORTHWESTERLY 18.33 FEET ALONG THE ARC OF SAID CURVE,HAVING A RADIUS OF 20.00 FEET,A CENTRAL ANGLE OF 52'30'17",(CHORD BEARING NORTH 26°15'09"WEST,A DISTANCE OF 17.69 FEET);31) THENCE NORTH 90'00'00"WEST,A DISTANCE OF 100.00 FEET TO A POINT ON A NON TANGENTIAL CURVE TO THE RIGHT; 32) THENCE SOUTHWESTERLY 18.33 FEET ALONG THE ARC OF SAID CURVE, HAVING A RADIUS OF 20.00 FEET, A CENTRAL ANGLE OF 52°30'17",(CHORD BEARING SOUTH 26°15'09' WEST,A DISTANCE OF 17.69 FEET) TO A POINT ON A REVERSE CURVE TO THE LEFT; 33) THENCE SOUTHWESTERLY 24.89 FEET ALONG THE ARC OF SAID CURVE, HAVING A RADIUS OF 95.00 FEET, A CENTRAL ANGLE OF 15°00'34', (CHORD BEARING SOUTH 45°00'00" WEST, A DISTANCE OF 24.82 FEET) TO A POINT ON A REVERSE CURVE TO THE 16I1 OR 5568 PG 3818 HAVING A RADIUS OF 20.00 FEET, A CENTRAL ANGLE OF 52°30'17", (CHORD BEARING SOUTH 63°44'51' WEST, A DISTANCE OF 17,69 FEET); 35) THENCE NORTH 90°00'D0" WEST,A DISTANCE OF 58.44 FEET TO A POINT ON A CURVE TO THE RIGHT; 36) THENCE NORTHWESTERLY 289.19 FEET ALONG THE ARC OF SAID CURVE. HAVING A RADIUS OF 150.00 FEET, A CENTRAL ANGLE OF 110°27'S0", (CHORD BEARING NORTH 34°46'05" WEST, A DISTANCE OF 246.44 FEET) TO A POINT ON A REVERSE CURVE TO THE LEFT; 37) THENCE NORTHERLY 457.02 FEET ALONG THE ARC OF SAID CURVE, HAVING A RADIUS OF 350.00 FEET, A CENTRAL ANGLE OF 74°48'56", (CHORD BEARING NORTH 16°56'38" WEST, A DISTANCE OF 425.24 FEET); 38)THENCE NORTH 35°38'54"EAST,A DISTANCE OF 100.00 FEET TO A POINT ON THE SOUTHERLY RIGHT-OF-WAY LINE OF TAMIAMI TRAIL (US 41) (STATE ROAD 90); THENCE CONTINUE ALONG SAID RIGHT-OF-WAY, SOUTH 54°21'06" EAST, A DISTANCE OF 2,779.06 FEET; THENCE RUN ALONG SAID RIGHT-OF-WAY, SOUTH 54°23'36'1 EAST, A DISTANCE OF 953.19 FEET TO A POINT ON THE EAST LINE OF THE SOUTHEAST QUARTER OF THE AFOREMENTIONED SECTION 18; THENCE RUN ALONG SAID EAST LINE, SOUT T34"M y DISTANCE OF 1,272.89 FEET TO THE POINT OF BEGINNING. ^�ti f V� CONTAINING 306.39 ACR , I�AR S_E S. �I )(1 16II : OR 5568 PG 3819 EXHIBIT "B" PERMITTED EXCEPTIONS zo,, r 3.-ex eoU nEC 0 P ' _k% ( ‘..- - . \) 16 I I OR 5568 PG 382E EXHIBIT`B" ESTANCIA PERMITTED EXCEPTIONS 1. Taxes and assessments for the year 2018 and subsequent years which are not yet due and payable. 2. Reservation of an Easement along the East 30 feet of that portion of Section 18 as reserved on Deed by and between Evemia Corporation to A. Duda& Sons, Inc., a Florida Corporation,as recorded in Official Records Book 220,Page 699, Public Records of Collier County, Florida. 3. Ordinance No. 75-20,filed May 19, 1975,in O.R.Book 619,Page 1177,of the Public Records of Collier County, Florida, regulating the installation of any water distribution system and waste water collection system within a public right of way or easement. 4. Ordinance No. 75-21.filed May, ,tnt,,Fri tOpy+ 19,Page 1182,of the Public Records of Collier County, Florida,pr : ertain trees . oilier County. 5. Ordinance No, 75-24,file. M ok 6 !,P e 1191,of the Public Records of Collier County,Florid-,re ulating es ictin the cre.do ,construction,alteration,etc„ of buildings,locations,c c. 6. Resolution by the Board gig . .� 1 . s' s Es he lnunokalee Area Planning District and the Coastal V. = . Planning District rec rd: O.R. Book 649, Page 1239, Public Records of Collier : y, Florida. 0 7. That certain Planned Unit De••11, •.0 D, ut : Collier County under Ordinance No. 84-4 1 (84-42) on June 12, ':•.ticatner*• Ordinance Nos. 88.48 and 89-34, as issued on May 24,1988 and June 13, I`:-, ended by Ordinance No. 96-74, as issued on November 26, 1996 respectively, Collier County,Florida,and as amended. 8. Notice of Adoption of Development Order for Unit 30, Isle of Capri Commercial and Key Marco(Horr's Island)and part of Marco Shores Planned Unit Development located in Sections 11, 14, 22, 23, 24 and 33,Township 41 South,Range 26 East and Sections 14, 15,21,22,23, 26 and 28,Township 52 South, Range 26 East,Collier County.Florida,executed by Robert L. Weintraub, Esquire, States Department Order recorded in Official Records Book 1505, Page 1728 through 1782 and Amendment in Resolution 89-149,recorded in Official Records Book 1505, Page 1795 through 1803, Resolution 88417 recorded in Official Records Book 1505, Page 2348 through 2351 "shall not constitute a lien, cloud, or encumbrance on any real property,or actual constructive notice of any of the same",recorded March 21, 1990 in Official Records Book 1514, Page746 through 760 and amendment recorded in Official Records Book 2774 page 3254,all Public Records of Collier County,Florida,as further amended. 9. Notice of Adoption of Development Order recorded in Official Records Book 2274 page 2129, and Notification of the Adoption of a Development Order Amendment recorded in Official Records Book 2774 page 3254,Public Records of Collier County,Florida. OR 5568 PG 3821 I 6 I I 10. Portions of subject property are within the boundaries of the Fiddler's Creek Community Development District #2 as evidenced by Notice of Establishment of Fiddler's Creek Community Dev. District #2 recorded in Official Records Book 3174, Page 3473, notice recorded in Official Records Book 3191 page 1020 , Final Judgment recorded in Official Records Book 3222 page 458,Agreement recorded in Official Records Book 3315 page 2999, Declaration of Consent recorded in Official Records Book 5217 page 1764, Amendment recorded in Official Records Book 5217 page 1776,Collateral Agreement recorded in Official Records Book 5217 page 1785 and True-Up Agreement recorded in Official Records Book 5217 page 1796, Agreement to Assign Reservations and Dedicate and/or convey recorded in Official Records Book 3315,Page 2999,Grant of temporary construction and access easement recorded in Official Records Book 3323, Page 875, Certificate of Secretary of the Fiddler's Creek Community Development District #2 recorded in Official Records Book 5567, Page 1680,Public Records of Collier County,Florida,which provides the property described therein will not receive or require any serve i •it II a#2 and therefore will not be subject to assessments levied by CDD#2. ��E Otjh 1 11.Terms, covenants, conditi• s, ' frictions, easements, .ses • nts and possible liens created by and set forth in the • en. d`ii kRe3tated aratio of eneral Covenants, Conditions and Restrictions for Fid•ler'. C eek r , . in ficial "ec.•ds Book 3685 page 319 and amendments recorded i Of' i. • • • . j� . .15I Official Records Book 4793 page 188, Official Reco ds •• -5 0 ••:e 1 I :a-d f t i. eeords Book 5330 page 129,of the Public Records of a ..nt• - .ri:.,::s ar • 's exception applies to only Conservation Area 1 an. - described on Lx •!c is •A- ' d "A-2" to the Supplemental Declaration recorded at 0.' : ,'ok 5330,Page 1 ugh, rds of Collier County,Florida] 12. Assignment and Assumption . ' ,. ..d late • • between 951 Land Holdings,Ltd., a Florida limited partnership, GB' goiiiit�3.t•., a Florida limited partnership and DY Land Associates Ltd., a Florida limite• p.r nership, Assignor, and DY Land Associates II., LLC, a Florida limited liability company, by instrument recorded in O.R. Book 4362, Page 2617, Notice of Assignment and Assumption Rights by and between 951 Land Holdings,Ltd., a Florida limited partnership,GBFC Development, Ltd., a Florida limited partnership and DY Land Associates Ltd., a Florida limited partnership, Assignor, and DY Land Associates II, LLC, a Florida limited liability company, by instrument recorded in O.R. Book 4362, page 2689, Declaration of Density Allocation recorded in Official Records Book 4362 page 2990 and amendment recorded in Official Records Book 5054 page 1820, Assignment of Density Allocations recorded in Official Records Book 4717 page 1352, Assignment of Density Allocations recorded in Official Records Book 4717 page 1477, Assignment of Density Allocations recorded in Official Records Book 4717 page 1640, Assignment of Density Allocation (400 Units)recorded in O.R. Book 5557, Page 898, all of which were recorded in the Public Records of Collier County, Florida. 13.Notice of Assignment and Assumption Rights by and between 951 Land Holdings, Ltd., a Florida limited partnership,DY Land Associates Ltd.,a Florida limited partnership and GBFC Development, Ltd., a Florida limited partnership, Assignor, and FCC Commercial, LLC, a 16 I 1 *" OR 5568 PG 3822 *** Florida limited liability company, by instrument recorded in O.R. Book 4362, page 3390, Public Records of Collier County, Florida. 14.Notice of Assignment and Assumption Rights by and between 951 Land Holdings, Ltd., a Florida limited partnership,DY Land Associates Ltd.,a Florida limited partnership and. GBFC Development, Ltd.,a Florida limited partnership,Assignor, and FC Parcel 73, LLC. a Florida limited liability company, by instrument recorded in O.R. Book 4362, page 3488, Public Records of Collier County, Florida. 15. Property is subject to Collier County Ordinances and/or Resolutions which establish mandatory garbage and solid waste collection in Collier County,said property is subject to all assessments made under said Ordinances/Resolutions. 16. Amended and Restated General Assignment and Assumption recorded in Official Records Book 5567,Page 1685,Public Recor ounty,Florida. 17.Deed of Conservation Easem it o Southh7a a • .ter Management District recorded in Official Records Book 5 ge 135,Public Recor. of oilier County, Florida. 1 CI 0 1 \aptIEi Niws PART OF THE USA TODAY NETWORK Published Daily Naples, FL 34110 CURRENTS CDD 2900 NE 12TH TER#1 OAKLAND PARK,FL 33334-4447 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. Affant 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:September 27.2019, October 4,2019 Subscribed and sworn to before on December 9.2019 JQ1(l VYI.av'c>Zt.or_L....) Notary,State of WI.County of Brown TARA MONDLOCH Notary Public State of Wisconsin My commission expires August 6 2021 Publication Cost $2,548.00 Ad No.0003782036 Customer No: 1387852 PO# ADV Res 2019-18 This is not an invoice 611 WHEREAS,the Currents Community Development District ("Dis- trict") is a local unit of special-purpose government organized and existing under and pursuant to Chapter 190, Flonda Stat- utes:and WHEREAS, the Distnct is authorized by Chapter 190. Florida Statutes, to finance, fund, plan. establish, acquire. install, equip, operate, extend. construct, or reconstruct roadways, sewer and water distribution systems.stormwater management/earthwork improvements, landscape, irrigation and entry features. conser- vation and mitigation, street lighting and other infrastructure projects. and services necessitated by the development ot. and serving lands within,the District:and WHEREAS,the District hereby determines to undertake, install, plan, establish, construct or reconstruct, enlarge or extend, equip, acquire. operate, and/or maintain the infrastructure im- provements and the acquisition of certain related interests in land ("Project")described in the District's Master Engineers Re- port prepared by Waldrop Engineering. Inc dated August. 2019 which is attached hereto as Exhibit A and incorporated herein by reference:and WHEREAS.it is in the best interest of the District to pay for all or a portion of the cost of the Project by the levy of special as- sessments("Assessments"), using the methodology set forth in that Master Special Assessment Methodology. dated September 11. 2019 which is attached hereto as Exhibit B, incorporated herein by reference, and on file with the District Manager at c JPWard & Associates LLC.2900 Northeast 12th Terrace Suite 1 Oakland Park,Florida 33334.( "District Records Office'):and WHEREAS. the District is empowered by Chapter 190, the Uni- form Community Development District Act. Chapter 170. Sup- plemental and Alternative Method of Making Local Municipal Improvements, and Chapter 197, the Uniform Method for the Levy, Collection and Enforcement of Non-Ad Valorem Assess ments. Florida Statutes, to finance, fund, plan. establish. ac- quire, construct or reconstruct. enlarge or extend, equip oper- ate. and maintain the Project and to impose. levy and collect the Assessments. NOW,THEREFOREBE IT RESOLVEDBY THE BOARD OF SUPERVI SORS OF THE CURRENTS COMMUNITY DEVELOPMENT DISTRIC Section 1.AUTHORITY FOR THIS RESOLUTION:INCORPORATIOP OF RECITALS.This Resolution is adopted pursuant to the provi- sions of Florida law, including without limitation Chapters 170. 190 and 197. Florida Statutes. The recitals stated above are in- corporated herein and are adopted by the Board as true and correct statements. Section 2.DECLARATION OF ASSESSMENTS.The Board hereby declares that it has determined to make the Project and to de- fray all or a portion of the cost thereof by the Assessments, Section 3.DESIGNATING THE NATURE AND LOCATION OF IM- PROVEMENTS. The nature and general location of and plans and specifications for, the Project are described in Exhibit A. which is on file at the District Records Office. Exhibit B is also on file and available for public inspection at the same location Section 4.DECLARINGTHE TOTAL ESTIMATED COST OF THE IM- PROVEMENTS,THE PORTION TO BE PAID BY ASSESSMENT; AND THE MANNER AND TIMING IN WHICH THE ASSESSMENT ARE TO BE PAID. A. The total estimated cost of the Project is$76.253.138 67 ("Es- timated Cost") B. The Assessments will defray approximately $90,620,000.00. which is the anticipated maximum par value of any bonds and which includes all or a portion of the Estimated Cost.as well as other financing-related costs. as set forth in Exhibit B. and which is in addition to interest and collection costs. C The manner in which the Assessments shall be apportioned and paid is set forth in Exhibit B.as may be modified by supple- mental assessment resolutions. The Assessments shall be paid in not more than (30) thirty yearly installments The Assessments may be payable at the same time and in the same marner as are ad-valorem taxes and collected pursuant to Chapter 197. Florida Statutes. provided. however. that in the event the uni- form non ad-valorem assessment method of collecting the As- sessments is not available to the District in any year or if deter mined by the District to be in its best interest, the Assessments may be collected as is otherwise permitted by law. including but not limited to by direct bill. The decision to collect special as- sessments by any particular method -e.g., on the tax roll or by direct bill -does riot mean that such method will be used to col led special assessments in future years and the District reserves the right in its sole discretion to select collection methods in any given year.regardless of past practices. Section 5.DESIGNATING THE LANDS UPON WHICH THE SPECIAI ASSESSMENTSHALL BE LEVIED. The Assessments securing the Project shall be levied on certain lots and lands within the District. as described in Exhibit B,and as further designated by the assessment plat hereinafter provided for. Section 6.ASSESSMENTPLAT. Pursuant to Sectior 170 04. Flori- da Statlilec 1hPrP. is nn file at the District Records Offirp an as- sessment plat showing the area to be assessed,with certain plans and specifications describing the Project and the estimat- ed cost of the Project. all of which shall be open to inspection by the public. Section 7.PRELIMINARYASSESSMEN1ROLL.Pursuant to Section 170.06. Florida Statutes. the District Manager has caused to be made a preliminary assessment roll, in accordance with the method of assessment described in Exhibit B hereto, which shows the lots and lands assessed.the amount of benefit to and the assessment against each lot or parcel of land and the num- ber of annual installments into which the assessment may be divided, which assessment roll is hereby adopted and approved as the District's preliminary assessment roll Section 8.PUBLICHEARING DECLARED;DIRECTIONTO PROVIDE NOTICE OF THE HEARING. Pursuant to Sections 170.07 and 197.3632(4)(b), Florida Statutes. among other provisions of Flori- da law, there is hereby declared a public hearing to be held as follows: NOTICE OF PUBLIC HEARING DATE: October 14.2019 TIME: 11:00 A.M. LOCATION: Coleman Yovanovich 8 Koester 4001 Tamiami Trail North. Suite 300 Naples.Florida 34103 The purpose of the public hearing is to hear comment and ob- jections to the proposed special assessment program for District improvement as identified in the pretimmar assessment roll, a copy of which is on file and as set forth in Exhibit B. Interested parties may appear at that hearing or submit their comments in writing prior to the hearing at the District Records Office. Notice of said hearing shall he advertised in accordance with Chapters 170, 190 and 197 Florida Statutes, and the District Manager is hereby authorized and directed to place said notice in a newspaper of general circulation within Collier County (by two publications one week apart with the first publication at least twenty (20)days pnoi to the date of the hearing establish- ed herein) The District Manager shall file a publisher s affidavit with the District Secretary verifying such publication of notice. The District Manager is further authorizeo and directed to give thirty (30) days written notice by mail of the time and place of this hearing to the owners of all property to be assessedand in- clude in such notice the amount of the assessment for each such property owner. a description of the areas to be improved and notice that information concerning all assessments may be as- certained at the District Records Office. The Distnct Manager shall file proof of such mailing by affidavit with the District Sec retary. Section 9.PUBLICATION OF RESOLUTION. Pursuant to Section 170.05. Florida Statutes. the District Manager is hereby directed to cause this Resolution to be published twice (once a week for two (2)weeks) in a newspaper of general circulation within Col- lier County and to provide such other notice as may be required by law or desired in the best interests of the District. Section 10. CONFLICTS.All resolutions or parts thereof in con- flict herewith are. to the extent of such conflict, superseded and repealed. Section 11. SEVERABILITY.If any section or part of a section of this Resolution be declared .nvalid or unconstitutional, the val- idity, force. and effect of any other section or part of a section of this Resolution snail not thereby be affected or impaired un- less it clearly appears that such other section or part of a section of this Resolution is wholly or necessarily dependent upon the section or part of a section so held to be invalid or unconstitu- tional. Section 12.EFFECTIVB)ATE. This Resolution shall become effec- tive upon its adoption PASSED AND ADOPTED this 1 tth day of September,2019. Currents Community Development District James P.Ward,District Manager Sect 27:Oct 4,2019 #3782036 • • • • `M , .ors ,- . _ l a r� r; p VERONA WALK COMMUNITY DEVELOPMENT DISTRICT e 6 ' 1_ c/o Special District Services, Inc. i 2501 Burns Road, Suite A Palm Beach Gardens,Florida 33410 (561) 630-4922 Fax: (561) 630-4923 May 19, 2023 VIA CERTIFIED MAIL— RETURN RECEIPT REQUESTED Clerk of the Circuit Court Collier County Courthouse 3315 Tamiami Trail East,#102 Naples, Florida 34112-5324 Re: Verona Walk Community Development District To Whom It May Concern: Pursuant to Florida law, enclosed please find a copy of the following document relative to the above referenced community development district: 1.) Proposed Fiscal Year 2023/2024 Budget(Oct. 1,2023—Sept. 30,2024) If you have any questions or comments,please contact our office. Sincerely, SPECIAL DISTRICT SERVICES, INC. Laura J. Arc er Enclosure 1bll Verona Walk Community Development District Proposed Budget For Fiscal Year 2023/2024 October 1, 2023 - September 30, 2024 CON TENTS b ' I PROPOSED BUDGET II DETAILED PROPOSED BUDGET III DETAILED PROPOSED DEBT SERVICE FUND BUDGET(SERIES 2013) IV DETAILED PROPOSED DEBT SERVICE FUND BUDGET(SERIES 2018) V ASSESSMENT COMPARISON PROPOSED BUDGET 16 I VERONA WALK COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2023/2024 OCTOBER 1,2023-SEPTEMBER 30,2024 FISCAL YEAR 2023/2024 REVENUES BUDGET O&M ASSESSMENTS 311,297 DEBT ASSESSMENTS-SERIES 2013 515,565 DEBT ASSESSMENTS-SERIES 2018 582,044 OTHER REVENUES 0 INTEREST INCOME 600 TOTAL REVENUES $ 1,409,506 EXPENDITURES MAINTENANCE EXPENDITURES _ FIELD INSPECTOR 42,600 VEHICLE-INSURANCE 1,000 VEHICLE-EQUIPMENT(SMALL TOOLS) 1,545 VEHICLE-GAS&MAINTENANCE 2,750 GOLF CART STORAGE 1,200 LAKE SPRAYING(SOLITUDE-CLARK) 77,500 LAKE WATER QUALITY TESTING(BENCHMARK) _ 6,000 LAKE LITTORAL PROJECTS 6,000 LAKE BANK MOWING 16,500 OUTFALL PIPE&STRUCTURE INSPECTION&CLEANING 5,000 STORM PIPE&EROSION REPAIRS 48,000 DREDGING 1,000I MISCELLANEOUS MAINTENANCE 1,250 TOTAL MAINTENANCE EXPENDITURES S 210,345 ADMINISTRATIVE EXPENDITURES ENGINEERING 14,500 MANAGEMENT 49,788 SECRETARIAL 4,200 LEGAL 16,0001 ASSESSMENT ROLL 10,000 AUDIT FEES 4,100 ARBITRAGE REBATE FEE-SERIES 2013 650 ARBITRAGE REBATE FEE-SERIES 2018 _ 650 INSURANCE 7,250 LEGAL ADVERTISING 2,050 MISCELLANEOUS/CONTINGENCY 2,000 POSTAGE 700 OFFICE SUPPLIES 1,075 DUES&SUBSCRIPTIONS 175 WEBSITE MANAGEMENT 2,000 TRUSTEE FEES-SERIES 2013 4,730 TRUSTEE FEES-SERIES 2018 4,100 CONTINUING DISCLOSURE FEE 1,000 TOTAL ADMINISTRATIVE EXPENDITURES $ 124,968 TOTAL EXPENDITURES 335,313 REVENUES LESS EXPENDITURES $ 1,074,193 BOND PAYMENTS(SERIES 2013) (476,898) BOND PAYMENTS(SERIES 2018) (538,391) BALANCE $ 58,904 COUNTY APPRAISER&TAX COLLECTOR ADMINISTRATIVE COSTS (48,647) DISCOUNTS FOR EARLY PAYMENTS (57,108) EXCESS/(SHORTFALL) $ (46,851) CARRYOVER FROM PRIOR YEAR 46,851 NET EXCESS/(SHORTFALL) $ - Note:Projected Available Funds Balance As Of 9-30-23 is$570,000 5/182023 12.03 PM I DETAILED PROPOSED BUDGET 16 I 1 VERONA WALK COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2023/2024 OCTOBER 1,2023-SEPTEMBER 30,2024 FISCAL YEAR FISCAL YEAR FISCAL YEAR 2021/2022 202212023 2023/2024 REVENUES ACTUAL BUDGET BUDGET COMMENTS 0&M ASSESSMENTS 311,423 311,297 311,297 Expenditures Less Interest&Carryover/.925 DEBT ASSESSMENTS-SERIES 2013 515,777 515,565 515 565 Bond Pa ments/.925 DEBT ASSESSMENTS-SERIES 2018 582,893 582,655 582,044 Bond Pa ments/.925 OTHER REVENUES 0 0 0 INTEREST INCOME 838 480 600 Interest Projected At$500 Per Month TOTAL REVENUES $ 1,410 931 $ 1 409 997 $ 1 409 506 EXPENDITURES MAINTENANCE EXPENDITURES FIELD INSPECTOR 43,530 42,000 42,600$600 Increase From 2022/2023 Bud.et VEHICLE-INSURANCE 0 1,000 1,000 No Change From 2022/2023 Budget VEHICLE-EQUIPMENT(SMALL TOOLS) 0 1,545 1,545 No Chan.e From 2022/2023 Bud.et VEHICLE-GAS&MAINTENANCE 248 2,750 2,750 No Change From 2022/2023 Budget GOLF CART STORAGE 1,200 1,200 1,200 No Chan.e From 2022/2023 Bud.et LAKE SPRAYING(SOLITUDE-CLARK) 67.800 77,500 77,500 FY 22/23 Expenditure Through April 2023 Was$39.550 LAKE WATER QUALITY TESTING BENCHMARK 4,224 6,000 6,000 No Chan.e From 2022/2023 Budget LAKE LITTORAL PROJECTS 0 20,000 6,000$14,000 Decrease From 2022/2023 Budget LAKE BANK MOWING 16,200 12,000 16,500$4,500 Increase From 2022/2023 Budget OUTFALL PIPE&STRUCTURE INSPECTION&CLEANING 0 5,000 5 000 No Chan.e From 2022/2023 Bu•.et STORM PIPE&EROSION REPAIRS 23,959 50,000 48,000$2,000 Decrease From 2022/2023 Budget DREDGING 0 1,000 1,000 No Change From 2022/2023 Budget MISCELLANEOUS MAINTENANCE 10,851 1,250 1,250 No Change From 2022/2023 Budget TOTAL MAINTENANCE EXPENDITURES $ 168,012 $ 221,245 $ 210,346 ADMINISTRATIVE EXPENDITURES ENGINEERING 8 989 14,500 14 500 No Chan.e From 2022/2023 Bud.et MANAGEMENT 46,944 48,348 49,788 CPI Adjustment(Capped At 3%) SECRETARIAL 4,200 4,200 4,200 No Change From 2022/2023 Bud.et LEGAL _ 10,945 16,500 16,000 FY 22/23 Ex•enditures Through Jan 2023 Were$2,466 ASSESSMENT ROLL 10 000 10,000 10 000 As Per Contract AUDIT FEES 3,800 3,900 mi il 1 itiEnAcce•ted Amount For 2022/2023 Audit ARBITRAGE REBATE FEE-SERIES 2013 650 650 650 No Change From 2022/2023 Budget ARBITRAGE REBATE FEE-SERIES 2018 650 650 650 No Chan.e From 2022/2023 Bud.et INSURANCE 6,022 7,250 7,250 Insurance Estimate LEGAL ADVERTISING 679 2,050 2,050 No Change From 2022/2023 Budget MISCELLANEOUS/CONTINGENCY 1,155 2,200 2,000$200 Decrease From 2022/2023 Bud.et POSTAGE 700 700 No Change From 2022/2023 Budget OFFICE SUPPLIES NM 1,075 1,075 No Chan.e From 2022/2023 Bud.et DUES&SUBSCRIPTIONS 175 175 No Chan.e From 2022/2023 Budget WEBSITE MANAGEMENT 2,000 2,000 2,000 No Change From 2022/2023 Budget TRUSTEE FEES-SERIES 2013 4,730 4,730 4,730 No Change From 2022/2023 Budget TRUSTEE FEES-SERIES 2018 3,709 4,100 4,100 No Chan.e From 2022/2023 Bud.et CONTINUING DISCLOSURE FEE 1,000 1,000 1,000 No Chan.e From 2022/2023 Bud.et TOTAL ADMINISTRATIVE EXPENDITURES $ 107,126 $ 124 028 $ 124 968 TOTAL EXPENDITURES $ 276 138 $ 346 273 $ 336 313 REVENUES LESS EXPENDITURES $ 1 135 793 $ 1 064,724 $ 1 074 193 BOND PAYMENTS(SERIES 2013) (486,494) (476,898) (476,898)2024 Principal&Interest Payments BOND PAYMENTS(SERIES 2018) (549,800) (38,956 538,391 2024 Principal&Interest Pa ments BALANCE $ 99,499 $ 48,870 $ 58,904 11111111 COUNTY APPRAISER&TAX COLLECTOR ADMINISTRATIVE COSTS (20,031 Three And One Halt Percent Or Total Assessment Roll DISCOUNTS FOR EARLY PAYMENTS (52,909) (57,085) (57,108)Four Percent Of Total Assessment Roll EXCESS/(SHORTFALL) $ 26 659 $ 66 843 $ 46 851 CARRYOVER FROM PRIOR YEAR 0 56,843 46,851 Carryover From Prior Year NET EXCESS/(SHORTFALL) $ 26,569 $ - $ - Note:Projected Available Funds Balance As Of 9-30-23 is$570,000 5/18I2023 12'.03 PM I I DETAILED PROPOSED DEBT SERVICE(SERIES 2013)FUND BUDGET VERONA WALK COMMUNITY DEVELOPMENT DISTRICT 1 6 ` 1 FISCAL YEAR 2023/2024 OCTOBER 1,2023-SEPTEMBER 30,2024 FISCAL YEAR FISCAL YEAR FISCAL YEAR 2021/2022 2022/2023 2023/2024 REVENUES ACTUAL BUDGET BUDGET COMMENTS Interest Income 1,157 25 100 Projected Interest For 2023/2024 NAV Collection 486,494 477,985 476,898 Maximum Debt Service Collection Prepaid Bond Collection 0 0 0 Prepaid Bond Collection Total Revenues $ 487,651 $ 478,010 $ 476,998 EXPENDITURES Principal Payments(2013A-1) 245,000 260,000 265,000 Principal Payment Due In 2024 Principal Payments(2013A-2) 15,000 15,000 15,000 Principal Payment Due In 2024 Interest Payments(2013A-1) 192,272 178,413 167,997 Interest Payments Due In 2024 Interest Payments(2013A-2) 11,500 11,088 10,375 Interest Payments Due In 2024 Bond Redemption 45,000 13,509 18,626 Estimated Excess Debt Collections Total Expenditures $ 508,772 $ 478,010 $ 476,998 Excess/(Shortfall) $ (21,121) $ - $ - Series 2013A-1 Bond Refunding Information Original Par Amount= $6,455,000 Annual Principal Payments Due= May 1st Interest Rate= 1.1%-4.375% Annual Interest Payments Due= May 1st&November 1st Issue Date= June 2013 Maturity Date= May 2035 Par Amount As Of 1/1/23= $4,320,000 Series 2013A-2 Bond Refunding Information Original Par Amount= $650,000 Annual Principal Payments Due= May 1st Interest Rate= 4.5%-5.0% Annual Interest Payments Due= May 1st&November 1st Issue Date= June 2013 Maturity Date= May 2035 Par Amount As Of 1/1/23= $170,000 5/18/2023 12.03 PM III DETAILED FINAL DEBT SERVICE (SERIES 2018) FUND BUDGET 16 ' 1 VERONA WALK COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2023/2024 OCTOBER 1,2023-SEPTEMBER 30,2024 FISCAL YEAR FISCAL YEAR FISCAL YEAR 2021/2022 2022/2023 2023/2024 REVENUES ACTUAL BUDGET BUDGET COMMENTS Interest Income 19 25 100 Projected Interest For 2023/2024 NAV Collection 549,800 538,956 538,391 Maximum Debt Service Collection Prepaid Bond Collection 0 0 0 Prepaid Bond Collection Total Revenues $ 549,819 $ 538,981 $ 538,491 EXPENDITURES Principal Payments 328,000 338,000 350,000 Principal Payment Due In 2024 Interest Payments 215,995 199,843 188,363 Interest Payments Due In 2024 Bond Redemption 0 1,138 128 Estimated Excess Debt Collections Total Expenditures $ 543,995 $ 538,981 $ 538,491 Excess/(Shortfall) $ 5,824 $ - $ - Series 2018 Bond Refunding Information Original Par Amount= $7,677,000 Annual Principal Payments Due= May 1st Interest Rate= 3.25%-5.375% Annual Interest Payments Due= May 1st&November 1st Issue Date= March 2018 Maturity Date= May 2037 Par Amount As Of 1/1/23= $6,318,000 5/18/2023 12:03 PM IV - Verona Walk Community Development District 1 6 11. Assessment Comparison Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Lot 2019/2020 2020/2021 2021/2022 2022/2023 2023/2024 Size Assessment' Assessment' Assessment' Assessment' Projected Assessment' Phase One Townhome 26' O&M $ 162.13 $ 162.13 $ 162.13 $ 162.13 $ 162.13 Cayman QeJ $ 540.00 $ 540.00 $ 540.00 $ 540.00 $ 640.00 Total $ 702.13 $ 702.13 $ 702.13 $ 702.13 $ 702.13 Duplex 36' 0&M $ 162.13 $ 162.13 $ 162.13 $ 162.13 $ 162.13 Capri/Carrington Debt $ 540.00 $ 540.00 $ 540.00 $ 540.00 $ 640.00 Total $ 702.13 $ 702.13 $ 702.13 E 702.13 $ 702.13 Single Family 50' 0&M $ 162.13 $ 162.13 $ 162.13 $ 1622.13 $ 162.13 Oakmont 201 $ 635.00 $ 635.00 $ 635.00 $ 635.00 $ 635.00 Total $ 797.13 $ 797.13 $ 797.13 $ 797.13 $ 797.13 Single Family 60' 0&M $ 162.13 $ 162.13 $ 162.13 $ 162.13 $ 162.13 Carlyle Debt $ 730.00 $ 730.00 $ 730.00 $ 730.00 $ 730.00 Total $ 892.13 5 892.13 $ 892.13 $ 892.13 $ 892.13 phase TwQ Duplex 36'/SF 40' 0&M $ 162.13 $ 162.13 $ 162.13 $ 162.13 $ 162.13 Capri/Camngton D $ 511.00 $ 511.00 $ 511.00 $ 511.00 $ 511.00 Total $ 673.13 $ 673.13 $ 673.13 $ 673.13 $ 673.13 Single Family 40' 0&M $ 182.13 $ 162.13 $ 162.13 $ 162.13 $ 162.13 Garden Qgpj $ 577.00 $ 577.00 $ 577.00 $ 577.00 $ 577.00 Total $ 739.13 $ 739.13 $ 739.13 $ 739.13 $ 739.13 Single Family 50' 0&M $ 162.13 $ 162.13 $ 162.13 $ 162.13 $ 162.13 Oakmont Q� $ 601.00 E 601.00 $ 601.00 $ 601.00 $ 601.00 Total $ 763.13 $ 763.13 $ 763.13 $ 763.13 $ 763.13 Single Family 60' 0&M $ 182.13 $ 162.13 $ 162.13 $ 162.13 $ 162.13 Carlyle pgki $ 691.00 $ 691.00 $ 691.00 $ 691.00 $ 691.00 Total $ 853.13 $ 853.13 $ 853.13 $ 853.13 $ 653.13 Single Family 85' 0&M $ 162.13 $ 162.13 $ 162.13 $ 162.13 $ 16213 Estate DAM $ 759.00 $ 759.00 $ 759.00 $ 759.00 $ 759.00 Total $ 921.13 $ 921.13 $ 921.13 $ 921.13 $ 921.13 Assessments Include the Following: 4%Discount for Early Payments 2%County Property Appraiser Costs 1.5%County Tax Collector Costs Community Information: Phase I Maximum Annual Lot No.of Units Type Front Footage Name Debt Assessment Bond Prepayments Differential Prepayment' 246 Townhome 26' Cayman $ 540 6 68 350 Duplex 36' Capri/Carrington $ 540 11 0 242 Single Family 50' Oakmont $ 635 7 -35 21 Single Family 60' Carlyle $ 730 1 1 935 r 25 34 Phase II Maximum Annual Lot Disclosure No.of Units Type Front Footage Name Debt Assessment Bond Prepayments Differential Prepayment" 443 Duplex/SF 36740' Capri/Carrington $ 511 7 -4 58 Duplex 40' Garden $ 577 0 4 325 SF 50' Oakmont $ 601 8 0 161 SF 60765' Carlyle $ 691 0 0 12 SF 65' Estate $ 759 0 0 1019 15 0 1 New Bond Prepayer For 2023/2024 Budget(Phase 2-Oakmont) 'Developer made Bond Prepayment in August 2014 for 34 lot differential(68 Phase 1 Caymans replaced with 34 Oakmonts) •Developer made Bond Prepayment In November 2014 for 1 lot differential(1 Phase 1 Carlyle replaced with 1 Oakmont) "Developer built Carrington Homes on Garden Lots(Karina Street)-Debt Assessments for those lots was$678-now$577. "Developer made Bond Prepayment in November 2014 for 4 lot disclosure differential(4 40'disclosed at 36740'rate) Total Lots A ed For O&M=1920 6/18/2023 12:03 PM V VERONA WALK COMMUNITY DEVELOPMENT DISTRICT 1 b c/o Special District Services, Inc. 2501 Burns Road, Suite A Palm Beach Gardens, Florida 33410 (561) 630-4922 Fax: (561) 630-4923 May 19, 2023 VIA CERTIFIED MAIL— RETURN RECEIPT REQUESTED Clerk of the Circuit Court Collier County Courthouse 3315 Tamiami Trail East, #102 Naples, Florida 34112-5324 Re: Verona Walk Community Development District To Whom It May Concern: Pursuant to Florida law, enclosed please find a copy of the following document relative to the above referenced community development district: 1.) Proposed Fiscal Year 2023/2024 Budget(Oct. 1, 2023—Sept. 30,2024) If you have any questions or comments,please contact our office. Sincerely, SPECIAL DISTRICT SERVICES, INC. Laura J. Arc er Enclosure if) 11 Verona Walk Community Development District Proposed Budget For Fiscal Year 2023/2024 October 1, 2023 - September go, 2024 CONTENTS t ' I PROPOSED BUDGET II DETAILED PROPOSED BUDGET III DETAILED PROPOSED DEBT SERVICE FUND BUDGET(SERIES 2013) IV DETAILED PROPOSED DEBT SERVICE FUND BUDGET(SERIES 2018) V ASSESSMENT COMPARISON PROPOSED BUDGET ' 1 VERONA WALK COMMUNITY DEVELOPMENT DISTRICT v FISCAL YEAR 2023/2024 OCTOBER 1,2023-SEPTEMBER 30,2024 FISCAL YEAR 2023/2024 REVENUES BUDGET O&M ASSESSMENTS 311,297 DEBT ASSESSMENTS-SERIES 2013 515,565 DEBT ASSESSMENTS-SERIES 2018 582,044 OTHER REVENUES 0 INTEREST INCOME 600 TOTAL REVENUES $ 1,409,506 EXPENDITURES MAINTENANCE EXPENDITURES _ FIELD INSPECTOR 42,600 VEHICLE-INSURANCE 1,000 VEHICLE-EQUIPMENT(SMALL TOOLS) 1,545 VEHICLE-GAS&MAINTENANCE 2,750 GOLF CART STORAGE 1,200 LAKE SPRAYING(SOLITUDE-CLARK) 77,500 LAKE WATER QUALITY TESTING(BENCHMARK) 6,000 LAKE LITTORAL PROJECTS 6,000 LAKE BANK MOWING 16,500 OUTFALL PIPE&STRUCTURE INSPECTION&CLEANING 5,000 STORM PIPE&EROSION REPAIRS 48,000 DREDGING 1,000 MISCELLANEOUS MAINTENANCE 1,250 TOTAL MAINTENANCE EXPENDITURES $ 210,345 ADMINISTRATIVE EXPENDITURES ENGINEERING 14,500 MANAGEMENT 49,788 SECRETARIAL 4,200 LEGAL 16,0001 ASSESSMENT ROLL 10,000 AUDIT FEES 4,100 ARBITRAGE REBATE FEE-SERIES 2013 650 ARBITRAGE REBATE FEE-SERIES 2018 650 INSURANCE 7,250 LEGAL ADVERTISING 2,050 MISCELLANEOUS/CONTINGENCY 2,000 POSTAGE 700 OFFICE SUPPLIES 1,075 DUES&SUBSCRIPTIONS 175 WEBSITE MANAGEMENT 2,000 TRUSTEE FEES-SERIES 2013 4,730 TRUSTEE FEES-SERIES 2018 4,100 CONTINUING DISCLOSURE FEE 1,000 TOTAL ADMINISTRATIVE EXPENDITURES $ 124,968 TOTAL EXPENDITURES $ 335,313 REVENUES LESS EXPENDITURES $ 1,074,193 BOND PAYMENTS(SERIES 2013) (476,898) BOND PAYMENTS(SERIES 2018) (538,391) BALANCE $ 58,904 COUNTY APPRAISER&TAX COLLECTOR ADMINISTRATIVE COSTS (48,647) DISCOUNTS FOR EARLY PAYMENTS (57,108) EXCESS/(SHORTFALL) $ (46,851) CARRYOVER FROM PRIOR YEAR 46,851 NET EXCESS/(SHORTFALL) $ - Note:Projected Available Funds Balance As Of 9-30-23 is$570,000 5/18/2023 12 03 PM DETAILED PROPOSED BUDGET i ©` I 1 4 VERONA WALK COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2023/2024 OCTOBER 1,2023-SEPTEMBER 30,2024 FISCAL YEAR FISCAL YEAR FISCAL YEAR 2021/2022 2022/2023 2023/2024 REVENUES ACTUAL BUDGET BUDGET COMMENTS 0&M ASSESSMENTS 311,423 311,297 311,297 Expenditures Less Interest&Carryover/.925 DEBT ASSESSMENTS-SERIES 2013 515,777 515,565 515,565 Bond Payments/.925 DEBT ASSESSMENTS-SERIES 2018 582,893 582,655 582,044 Bond Payments/.925 OTHER REVENUES 0 0 0 INTEREST INCOME 838 480 600 Interest Projected At$500 Per Month TOTAL REVENUES $ 1,410,931 $ 1,409,997 $ 1,409,506 EXPENDITURES MAINTENANCE EXPENDITURES FIELD INSPECTOR 43,530 42,000 42,600$600 Increase From 2022/2023 Budget VEHICLE-INSURANCE 0 1,000 1,000 No Change From 2022/2023 Budget VEHICLE-EQUIPMENT(SMALL TOOLS) 0 1,545 1,545 No Change From 2022/2023 Budget VEHICLE-GAS&MAINTENANCE 248 2,750 2,750 No Change From 2022/2023 Budget GOLF CART STORAGE 1,200 1,200 1,200 No Change From 2022/2023 Budget LAKE SPRAYING(SOLITUDE-CLARK) 67.800 77,500 77,500 FY 22/23 Expenditure Through April 2023 Was$39,550 LAKE WATER QUALITY TESTING(BENCHMARK) 4,224 6,000 6,000 No Change From 2022/2023 Budget LAKE LITTORAL PROJECTS 0 20,000 6,000$14,000 Decrease From 2022/2023 Budget LAKE BANK MOWING 16,200 12,000 16,500$4,500 Increase From 2022/2023 Budget OUTFALL PIPE&STRUCTURE INSPECTION&CLEANING 0 5,000 5,000 No Change From 2022/2023 Budget STORM PIPE&EROSION REPAIRS 23,959 50,000 48,000$2,000 Decrease From 2022/2023 Budget DREDGING 0 1,000 1,000 No Change From 2022/2023 Budget MISCELLANEOUS MAINTENANCE 10,851 1,250 1,250 No Change From 2022/2023 Budget TOTAL MAINTENANCE EXPENDITURES $ 168,012 $ 221,245 $ 210,346 ADMINISTRATIVE EXPENDITURES ENGINEERING 8 989 14,500 14,500 No Change From 2022/2023 Budget MANAGEMENT 46,944 48,348 49,788 CPI Adjustment(Capped At 3%) SECRETARIAL 4,200 4,200 4,200 No Change From 2022/2023 Budget LEGAL 10,945 16,500 16,000 FY 22/23 Expenditures Through Jan 2023 Were$2,468 ASSESSMENT ROLL 10,000 10,000 10,000 As Per Contract AUDIT FEES 3,800 3,900 4,100 Accepted Amount For 2022/2023 Audit ARBITRAGE REBATE FEE-SERIES 2013 650 650 650 No Change From 2022/2023 Budget ARBITRAGE REBATE FEE-SERIES 2018 650 650 650 No Change From 2022/2023 Budget INSURANCE 6,022 7,250 7,250 Insurance Estimate LEGAL ADVERTISING 679 2,050 2,050 No Change From 2022/2023 Budget MISCELLANEOUS/CONTINGENCY 1,155 2,200 2,000$200 Decrease From 2022/2023 Budget POSTAGE 526 700 700 No Change From 2022/2023 Budget OFFICE SUPPLIES 952 1,075 1,075 No Chafe From 2022/2023 Budget DUES&SUBSCRIPTIONS 175 175 175 No Change From 2022/2023 Budget WEBSITE MANAGEMENT 2,000 2,000 2,000 No Change From 2022/2023 Budget TRUSTEE FEES-SERIES 2013 4,730 4,730 4,730 No Change From 2022/2023 Budget TRUSTEE FEES-SERIES 2018 3,709 4,100 4,100 No Change From 2022/2023 Budget CONTINUING DISCLOSURE FEE 1,000 1,000 1,000 No Change From 2022/2023 Budget TOTAL ADMINISTRATIVE EXPENDITURES $ 107,126 $ 124,028 $ 124,968 TOTAL EXPENDITURES $ 275,138 $ 346,273 $ 335,313 REVENUES LESS EXPENDITURES $ 1,135,793 $ 1 064,724 $ 1,074,193 BOND PAYMENTS(SERIES 2013) (486,494) (476,898) (476,898)2024 Principal&Interest Payments BOND PAYMENTS(SERIES 2018) (549,800) (538,956). (538,391)2024 Principal&Interest Payments BALANCE $ 99,499 $ 48,870 $ 68,904 COUNTY APPRAISER&TAX COLLECTOR ADMINISTRATIVE COSTS (20,031) (48,628) (48,647)Three And One Half Percent Or Total Assessment Rot DISCOUNTS FOR EARLY PAYMENTS (52,909) (57,085) (57,108)Four Percent Of Total Assessment Roll EXCESS/(SHORTFALL) $ 26,669 $ (56,843) $ (46,851) CARRYOVER FROM PRIOR YEAR 0 56,843 46,851 Carryover From Prior Year NET EXCESS/(SHORTFALL) $ 26,559 $ - $ - Note:Projected Available Funds Balance As Of 9-30-23 is$570,000 5/15/2023 12 03 PM I DETAILED PROPOSED DEBT SERVICE (SERIES 2013)FUND BUDGET 1 6 i I VERONA WALK COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2023/2024 OCTOBER 1,2023-SEPTEMBER 30,2024 FISCAL YEAR FISCAL YEAR FISCAL YEAR 2021/2022 2022/2023 2023/2024 REVENUES ACTUAL BUDGET BUDGET COMMENTS Interest Income 1,157 25 100 Projected Interest For 2023/2024 NAV Collection 486,494 477,985_ 476,898 Maximum Debt Service Collection Prepaid Bond Collection 0 0 0 Prepaid Bond Collection Total Revenues $ 487,651 $ 478,010 $ 476,998 EXPENDITURES Principal Payments(2013A-1) 245,000 260,000 265,000 Principal Payment Due In 2024 Principal Payments(2013A-2) 15,000 15,000 15,000 Principal Payment Due In 2024 Interest Payments(2013A-1) 192,272 178,413, 167,997 Interest Payments Due In 2024 Interest Payments(2013A-2) 11,500 11,088 10,375 Interest Payments Due In 2024 Bond Redemption 45,000 13,509 18,626 Estimated Excess Debt Collections Total Expenditures $ 508,772 $ 478,010 $ 476,998 Excess/(Shortfall) $ (21,121) $ - $ - Series 2013A-1 Bond Refunding Information Original Par Amount= $6,455,000 Annual Principal Payments Due= May 1st Interest Rate= 1.1%-4.375% Annual Interest Payments Due= May 1st&November 1st Issue Date= June 2013 Maturity Date= May 2035 Par Amount As Of 1/1/23= $4,320,000 Series 2013A-2 Bond Refunding Information Original Par Amount= $850,000 Annual Principal Payments Due= May 1st Interest Rate= 4.5%-5.0% Annual Interest Payments Due= May 1st&November 1st Issue Date= June 2013 Maturity Date= May 2035 Par Amount As Of 1/1/23= $170,000 5/13/2023 12.03 PM I I I ' DETAILED FINAL DEBT SERVICE (SERIES 2018) FUND BUDGET i 6 I 1 VERONA WALK COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2023/2024 OCTOBER 1,2023-SEPTEMBER 30,2024 FISCAL YEAR FISCAL YEAR FISCAL YEAR 2021/2022 2022/2023 2023/2024 REVENUES ACTUAL BUDGET BUDGET COMMENTS Interest Income 19 25 100 Projected Interest For 2023/2024 NAV Collection 549,800 538,956 538,391 Maximum Debt Service Collection Prepaid Bond Collection 0 0 0 Prepaid Bond Collection Total Revenues $ 549,819 $ 538,981 $ 538,491 EXPENDITURES Principal Payments 328,000 338,000 350,000 Principal Payment Due In 2024 Interest Payments 215,995 199,843 188,363 Interest Payments Due In 2024 Bond Redemption 0 1,1 38 128 Estimated Excess Debt Collections Total Expenditures $ 543,995 $ 538,981 $ 538,491 Excess/(Shortfall) $ 5,824 $ - $ - Series 2018 Bond Refunding Information Original Par Amount= $7,677,000 Annual Principal Payments Due= May 1st Interest Rate= 3.25%-5.375% Annual Interest Payments Due= May 1st&November 1st Issue Date= March 2018 Maturity Date= May 2037 Par Amount As Of 1/1/23= $6,318,000 5/1B/2023 12'.03 PM I V • Verona Walk Community Development District 1 ei % 1 • Assessment Comparison Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Lot 2019/2020 2020/2021 2021/2022 2022/2023 2023/2024 Size Assessment* Assessment' Assessment' Assessment' Projected Assessment* Phase One Townhome 26' 0&M $ 162.13 $ 182.13 $ 162.13 $ 162.13 $ 162.13 Cayman 120.b $ 540.00 $ 540.00 $ 540.00 $ 540.00 $ 540.00 Total $ 702.13 $ 702.13 $ 702.13 $ 702.13 $ 702.13 Duplex 36' 0&M $ 162.13 $ 162.13 $ 162.13 $ 182.13 $ 162.13 Capri/Carrington De $ 540.00 $ 540.00 $ 540.00 $ 540.00 $ 540.00 Total $ 702.13 $ 702.13 $ 702.13 $ 702.13 $ 702.13 Single Family 50 0&M $ 162.13 $ 162.13 $ 162.13 $ 182.13 $ 162.13 Oakmont j2ept $ 635.00 $ 635.00 $ 635.00 $ 835.00 $ 635.00 Total $ 797.13 $ 797.13 $ 797.13 $ 797.13 $ 797.13 Single Family 60' 0&M $ 162.13 $ 182.13 $ 162.13 $ 162.13 $ 162.13 Carlyle Ogp $ 730.00 $ 730.00 $ 730.00 $ 730.00 $ 730.00 Total $ 892.13 $ 892.13 $ 892.13 $ 892.13 $ 892.13 phase Two Duplex 36'/SF 40' 0&M $ 162.13 $ 162.13 $ 162.13 $ 182.13 $ 162.13 Capri/Carrington p.sw $ 511.00 $ 511.00 $ 511.00 $ 511.00 $ 611.00 Total $ 673.13 $ 673.13 $ 673.13 $ 673.13 $ 673.13 Single Family 40' 0&M $ 162.13 $ 162.13 $ 162.13 $ 162.13 $ 162.13 Garden as $ 577.00 $ 577.00 $ 577.00 $ 577.00 $ 577.00 Total $ 739.13 $ 739.13 $ 739.13 $ 739.13 S 739.13 Single Family 50' 0&M $ 182.13 $ 162.13 $ 162.13 $ 162.13 $ 162.13 Oakmont 12.9k1 $ 601.00 $ 601.00 $ 601.00 $ 601.00 $ 601.00 Total $ 783.13 $ 763.13 $ 763.13 $ 763.13 $ 763.13 Single Family 60' 0&M $ 162.13 $ 162.13 $ 162.13 $ 162.13 $ 162.13 Carlyle Debt $ 691.00 $ 691.00 $ 691.00 $ 691.00 S 691.00 Total $ 853.13 $ 853.13 $ 853.13 $ 853.13 $ 853.13 Single Family 65' 0&M $ 162.13 $ 162.13 $ 162.13 $ 162.13 $ 16213 Estate 9.2$1 $ 759.00 $ 759.00 $ 759.00 $ 759.00 $ 759.00 Total $ 921.13 $ 921.13 $ 921.13 $ 921.13 $ 921.13 •Assessments Include the Following 4%Discount for Early Payments 2%County Property Appraiser Costs 1.5%County Tax Collector Costs Community Information: Phase I Maximum Annual Lot No.of Units Type Front Footage Name Debt Assessment Bond Prepayments Differential Prepayment' 246 Townhome 26' r Cayman $ 540 6 68 350 Duplex 36' Capri/Carrington $ 540 11 0 242 Single Family 50' Oakmont $ 635 7 -35 it Single Family 60' Carlyle $ 730 1 1 935 25 34 Phase II Maximum Annual Lot Disclosure No.of Units Type Front Footage Name Debt Assessment Bond Prepayments Differential Prepayment" 443 Duplex/SF 36'/40' Capri/Carrington $ 511 7 -4 58 Duplex 40' Garden $ 577 0 4 325 SF 50' Oakmont $ 601 8 0 161 SF 60'/65' Carlyle $ 691 0 0 32 SF 65' Estate $ 759 0 0 1019 15 0 1 New Bond Prepayer For 2023/2024 Budget(Phase 2-Oakmont) 'Developer made Bond Prepayment in August 2014 for 34 lot differential(68 Phase 1 Caymans replaced with 34 Oakmonts) •Developer made Bond Prepayment In November 2014 for 1 lot differential(1 Phase 1 Carlyle replaced with 1 Oakmont) Developer built Carrington Homes on Garden Lots(Karina Street)-Debt Assessments for those lots was$678-now$577. •.Developer made Bond Prepayment in November 2014 for 4 lot disclosure differential(4 40'disclosed at 36140'rate) Total Lots A ed For O&M=1920 5/18/2023 12.03 PM V