ARBORWOOD COMMUNITY DEVELOPMENT
DISTRICT

LEE COUNTY REGULAR BOARD MEETING
MAY 21, 2018
9:00 A.M.

Special District Services, Inc.
27499 Riverview Center Boulevard, #253 Bonita Springs, FL 33134

www.arborwoodcdd.org 561.630.4922 Telephone 877.SDS.4922 Toll Free 561.630.4923 Facsimile

AGENDA
ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT
Amenity Center Community Room Somerset at the Plantation
10401 Dartington Drive Fort Myers, Florida, 33913
REGULAR BOARD MEETING May 21, 2018
9:00 a.m.

A.   Call to Order
B.	Proof of Publication……………………………………………………………………………………..Page 1
Establish Quorum
Additions or Deletions to Agenda
Comments from the Public for Items Not on the Agenda
Approval of Minutes
March 19, 2018 Regular Board Meeting Minutes………………………………………………….Page 2
Old Business
Update on Mitigation Parcels………………………………………………………………………Page 7
Consideration of Scope and Cost Estimates Street Lighting Project………………………………Page 15
New Business
Consider Approval of Agreement and Easement with Golf Course Regarding Fountain
Discussion on Somerset Preserve Activity…………………………………………………………Page 18
Consider Approval of Agreement with Clarke for Flow Way Ditch Maintenance………………...Page 20
Consider Resolution No. 2018-05 – Adopting a Fiscal Year 2018/2019 Proposed Budget………..Page 23
Administrative Matters
Manager’s Report
a.   Financial Report……………………………………………………………………………...Page 41
Engineer Report
Field Inspectors Report
Board Members Comments
Adjourn

Page 1

ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT REGULAR BOARD MEETING
MARCH 19, 2018

CALL TO ORDER

The March 19, 2018, Regular Board Meeting of the Arborwood Community Development District was called to order at 9:00 a.m. in the Amenity Center Community Room at Somerset at the Plantation located at 10401 Dartington Drive, Fort Myers, Florida 33913.

PROOF OF PUBLICATION

Proof of publication was presented that notice of the Regular Board Meeting had been published in the Fort Myers News-Press on March 7, 2018, as legally required.

ESTABLISH A QUORUM

It was determined that the attendance of the following Supervisors constituted a quorum and it was in order to proceed with the meeting:

Chairman	Terry Hammond	Present	
Vice Chairman	John Hamilton	Present	
Supervisor	Lawrence Carr	Absent	
Supervisor	Joan Pattison	Present	
Supervisor	Gary Franz	Present	

Staff members in attendance were:

District Manager	Kathleen Dailey	Special District Services, Inc.	
General Counsel	Wes Haber (via telephone)	Hopping Green & Sams, P.A.	
Field Inspector	Bohdan Hirniak		

Others present were:  Kamli Abdulghani & Andrew Dailidonis of Hampton Golf (via conference call) and the following District resident: Jeff Gordish.

ADDITIONS OR DELETIONS TO THE AGENDA

Mr. Hamilton requested an update on the trees planted in Bridgetown. He stated he would bring it up under Board Member Comments.

COMMENTS FROM THE PUBLIC FOR ITEMS NOT ON THE AGENDA

There were no comments from the public for items not on the agenda.

APPROVAL OF MINUTES
February 26, 2018, Regular Board Meeting

The February 26, 2018, Regular Board Meeting minutes were presented for approval.

Page 1 of 5

Page 2

ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT REGULAR BOARD MEETING
MARCH 19, 2018

Mr. Hamilton noted on page 5, paragraphs 4 and 6 of the minutes that “Hamilton” should be “Hammond.”

Mr. Hammond suggested that the official minutes be sent to the HOA Presidents regarding recreational use of the ponds. There was a general discussion on the recreational use of ponds and signage with the consensus of the Board agreeing to leave the signage as it is.

A motion was made by Mr. Hamilton, seconded by Mrs. Pattison and passed unanimously approving the February 26, 2018, Regular Board Meeting minutes, as amended.

OLD BUSINESS
Discussion Regarding Street Lighting Project

Mr. Hammond advised that the issue was still on hold while awaiting a resolution of officially accepting maintenance.

NEW BUSINESS
Consider Resolution No. 2018-04 – Ratifying the Issuance of the Series 2018 Refunding Bonds

Resolution No. 2018-04 was presented, entitled:

RESOLUTION 2018-04

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT RATIFYING, CONFIRMING, AND APPROVING THE ISSUANCE OF ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT CAPITAL IMPROVEMENT REVENUE AND REFUNDING BONDS, SERIES 2018A-1 AND SERIES 2018A-2; RATIFYING, CONFIRMING, AND APPROVING THE ACTIONS OF THE CHAIRMAN, VICE CHAIRMAN, TREASURER, SECRETARY, ASSISTANT SECRETARIES, AND ALL DISTRICT STAFF REGARDING THE ISSUANCE OF THE ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT CAPITAL IMPROVEMENT REVENUE AND REFUNDING BONDS, SERIES 2018A-1 AND SERIES 2018A-2; AND DETERMINING SUCH ACTIONS AS BEING IN ACCORDANCE WITH THE AUTHORIZATION GRANTED BY THE BOARD; PROVIDING A SEVERABILITY CLAUSE; AND PROVIDING AN EFFECTIVE DATE.

Mr. Haber explained the resolution and recommended approval.

A motion was made by Mr. Franz, seconded by Mr. Hamilton and passed unanimously to adopt Resolution No. 2018-04, as presented.

Page 2 of 5

Page 3

ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT REGULAR BOARD MEETING
MARCH 19, 2018

Consider Approval of Agreement and Easement with Golf Course Regarding Fountain

Mr. Haber explained that this was a discussion to negotiate with the golf course an agreement for a fountain that currently does not exist. He furthered that two documents were currently being negotiated, one is for an easement and the other covers the manner in which the amenity would be operated. He stated that they are close to an agreement, which contemplates indemnification for the fountain, which also extends to installation. Kamli Abdulghani of Hampton Golf stated that they agreed to make the changes. Mr. Hamilton noted that he would like to see the financial information of Hampton Golf to be sure they have the ability to perform. He also went over other provisions regarding insurances, operation of the fountain, HOA review, and assignment that he wanted clarified or added. The consensus of the Board was to move forward with the agreement to include with HOA approval, Mr. Hamilton’s changes and providing financial information. It was also the consensus of the Board that Mr. Hamilton work on the document with counsel on behalf of the Board.

Review of District’s Maintenance Agreement with Bridgetown HOA

Mr. Hammond advised that he thought the Board should be aware of provisions in the agreement, including reporting. Mr. Haber opined that the Board could request such reports, but that there could be no formal amendment to the agreement, unless both parties agreed to it. Ms. Dailey stated that she could make contact with the manager and Mr. Hammond added that it would be helpful to have a designated liaison like the District has with Somerset. Mr. Hamilton added that he believes Tom Dinella is the liaison. It was consensus of the Board to have Ms. Dailey contact the manager to ask that a Bridgetown representative participate at the next District Board meeting.

Update on Mitigation Parcels

Mr. Myers went over treatments on the offsite mitigation parcel. He stated that the final review had been conducted and that everything appeared well, except for one section. He indicated that the final report would be completed in another 30 days. Mr. Hammond stated that the budget would be looked at in May and numbers for maintenance would be needed prior to the budget discussion. Mr. Myers advised that two treatments were recommended for next year of the same 1,700 acres and that $200 per acre is reasonable.

ADMINISTRATIVE MATTERS
Manager’s Report
Financial Report

Ms. Dailey went over financials and Mr. Hammond stated he had gotten in touch with Michael McElligott of SDS on clearing up some issues on the revenue side. He added that everything is on track and Mr. Haber explained true-up payments and how they impact the report.

Ms. Dailey reviewed upcoming meeting dates.

Page 3 of 5

Page 4

ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT REGULAR BOARD MEETING
MARCH 19, 2018

Ms. Dailey advised that three seats were expiring in November; to wit: Messrs. Carr, Franz and Hamilton’s seats. She indicated that the qualifying period runs from noon on June 18, 2018, through noon on Friday, June 22, 2018.

Engineer’s Report

There was no Engineer’s Report at this time.

Field Inspector Report

Mr. Hirniak advised that the lakes looked good and that he was monitoring three addresses for plantings that may be in violation. He added that he was working with Mr. Evans on the lake bank erosion surveys.

BOARD MEMBER COMMENTS

Mr. Hamilton asked about the trees in Bridgetown that had been planted in violation. Ms. Dailey gave the background and indicated that Mr. Evans had stated they were actually beneficial. Mr. Franz stated that the Board needed to be consistent and have them removed. Ms. Dailey advised that she would contact the manager about having them removed.

Mr. Hammond stated that there had been no acknowledgement of the letter he had written to the Chief of Police regarding enforcement, but that he has noticed that police presence has been upped by law enforcement.

Mr. Hammond advised that he had obtained the accident report regarding a street light pole that was knocked down and provided it to Doug McIntire of American Infrastructure Services Inc. (formerly OnPower), so that the work could be funded through insurance instead of the District.

District resident Jeff Gordish advised that another resident observed a low lying pipe between two houses that was causing erosion. It was consensus of the Board for Mr. Hirniak to take a look at it.

There was a general discussion on the fountains in the ponds and the fact that there had been no action on an agreement. Mr. Hammond opined that the Board had spent a lot of time on this matter that only impacts a handful of residents.

ADJOURNMENT

There being no further business to come before the Board, a motion was made by Mr. Hamilton, seconded by Mr. Franz and passed unanimously to adjourn the Regular Board Meeting at 11:25 a.m.

Page 4 of 5

Page 5

ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT REGULAR BOARD MEETING
MARCH 19, 2018

 	
Secretary/Assistant Secretary	Chair/Vice-Chair

Page 5 of 5

Page 6

Page 7

Page 8

ARBORWOOD - COLLIER COUNTY MITIGATION PARCEL 2017/2018 EXOTIC TREATMENT TIMELINE AND SUMMARY

May 2018

Table 1.	Exotic Treatment Timeline and Summary

Date	Activity	
August 5, 2016	Site review with Community Development District (CDD) Board representative	
April 2017	Aquatic Weed Control (AWC) won the bid for the 2017/2018 year (Bid: $111,000).	
May 2017 (first two weeks)	AWC performed exotic treatment, particularly for Wright’s nutrush.	
June 18, 2017	Passarella & Associates, Inc. (PAI) inspected; treatment work looked good.	
November 28, 2017	PAI (Mike Myers) met with Les Stephens of AWC and discussed splitting the second half of the contract into two treatment sessions: 2/3 concentrated in uplands and 1/3 in wetlands.	
December 2017 (last two weeks)	AWC conducted treatments in the uplands for Brazilian pepper, Old World climbing fern, cogongrass, and melaleuca.	
January 5, 2018	PAI conducted a site review. Areas treated looked good.	
March 2018 (first week)	AWC conducted treatments in wetlands for Wright’s nutrush.	
March 16, 2018	PAI conducted a site review. All areas looked good except for one marsh area, which I requested they hit again.	
March 23 and 26, 2018	AWC conducted a Wright’s nutrush treatment in the north-central wetland.	
April 3, 2018	PAI conducted a site review of the north-central wetland.	

Passarella & Associates, Inc.	Page 1 of 1
#02WCO749	05/10/18
Page 9

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		
	E1						 	   	

	

	

 	 	    	 	    	   	    	

	
	
	   	 	
	   	E1					E2	  	
 	    	        	 
			(0.53   Ac.±)		 	
 	 	    	            E2		 	E3	  	

	

	(2.19 Ac.±)	(14.48 Ac.±)
      			 			

	
		 	(1.20 Ac.±)     
 			    	          (12.32 Ac.±)		E1	
        						 	(0.74  Ac.±)
		   		 	 	                        		

	
	 	 	          
 		 				     E1	

	

	

	

	

	

	
	
	(0.15  Ac.±)	 	       	 		 	 	       	    
    			

	

	

	

	
 	 		
		     		 	(0.42 Ac.±)  	 	

 		 
			   			   		   	

	

	

	

	

	

	

 		   	     
 	(0.46   Ac.±)		 	E1	   	

	

	
	
   	 	
		 	 	 	 		     	

 	        	     	    
E1	E1	E2	     	 	
	
 	  	    	

   	
        	
REVISIONS	DATE	DRAWN BY	DATE
F.L.	5/26/15	13620 Metropolis Avenue
Suite 200
Fort Myers, Florida 33912 Phone (239) 274-0067
Fax (239) 274-0069	PASSARELLA
& A	ARBORWOOD
COLLIER COUNTY MITIGATION PARCEL
EXOTIC VEGETATION ERADICATION AND MAINTENANCE PLAN
2017 EXOTIC LOCATIONS AND ACREAGE MAP	DRAWING No.

02WCO749	
Revised exotic locations	1/30/17						
		DESIGNED BY	DATE
M.A.M.	5/26/15					
						
SHEET 1	
		REVIEWED BY	DATE					

                          

INC

Page 10

	
		
 
	E1						 	
 	(1.89   Ac.±)	 	 	   	 	   	
					    	  	
 		    	 		   	 	   
     		E1					 	

	

	


SCALE: 1" =  1000'	 	 	(0.47   Ac.±)		E1	  	

 	    	        	 	E2	  
			(0.53  Ac.±)		
	
	E3	  
 	(0.63  Ac.±)	 		   
 	
E2					 
 	 	E4	  	

	(2.19 Ac.±)	(14.48 Ac.±)
      			 			

	

        						 	(0.74  Ac.±)
		   		 	 	                        		

	
	 	 	          
 		 				     E1	

	

	

	

	

	

	
	
	(0.15  Ac.±)	 	       	 		 	 	       	    
    			

	

	

	

	

	
 		 
			   			    (1.55 Ac.±)		   	

	

	

	

	
		 	 
 				 	   	(3.26  Ac.±)		E1	

	

	
	
 		   	     
 	(0.46   Ac.±)		 	E1	   	

	

	
	 		    
   	 					

	
 	        
E1	E1	E2	     	 	      	    	
(0.19 Ac.±) (0.55 Ac.±) (2.77 Ac.±)       	   	     	
 	    	   	

	
	
REVISIONS	DATE	DRAWN BY	DATE
F.L., D.B.	5/9/18	13620 Metropolis Avenue
Suite 200
Fort Myers, Florida 33912 Phone (239) 274-0067
Fax (239) 274-0069	PASSARELLA
& A	ARBORWOOD
COLLIER COUNTY MITIGATION PARCEL
2018 EXOTIC LOCATIONS, ACREAGES,  AND TREATMENT EVENTS MAP	DRAWING No.

02WCO749	
							
		DESIGNED BY	DATE
M.A.M.	5/9/18					
						
SHEET 2	
		REVIEWED BY	DATE
M.A.M.	5/9/18					

                           

INC

Page 11

March 16, 2018

Wright’s nutrush

Photograph 1. North-central wetland with Wright’s nutrush

March 16, 2018

Wright’s nutrush

Photograph 2. North-central wetland with Wright’s nutrush

Page 12

April 3, 2018

Photograph 3. Treated Wright’s nutrush

April 3, 2018

Photograph 4. Treated Wright’s nutrush

Page 13

April 3, 2018

Photograph 5. Treated Wright’s nutrush

April 3, 2018

Photograph 6. Treated Wright’s nutrush

Page 14

Arborwood CDD—Street Lighting Discussion (Plantation Gardens, Commerce Lakes and Treeline)

The City of Fort Myers has accepted maintenance of Plantation Gardens and Commerce Lakes roadways within the Arborwood CDD. The city has also indicated that upon completion of the lighting systems on these roadways, they would assume operation and maintenance of the lighting system as well.
Arborwood CDD installed 70 light fixtures on Plantation Gardens, 16 on Commerce Lakes, and 54 on Treeline back in 2015. In order to complete the lighting on Plantation Gardens 15 additional lights will need to be installed. On Commerce Lakes, 37 additional lights will need to be
installed. The lighting installed on Treeline was focused on intersection lighting. At the time the lighting project was conceived, the Marina Bay Community (built by GL Homes) did not exist, so the intersection of Treeline Ave and Silver Ridge Blvd does not have lighting. An additional 10 lights would be needed to light the intersection.
The estimated cost to complete the lighting on Plantation Gardens, Commerce Lakes and the intersection on Treeline Ave/Silver Ridge Blvd is estimated in the $598,000 range for design, permitting and construction. Plantation Gardens is estimated at $148,000; Commerce Lakes is estimated at $330,000 and the Treeline/Silver Ridge Blvd intersection is estimated at $100,000.
$20,000 is allocated for design, permitting and construction phase professional engineering services. These estimates include a 15% contingency. Without a contingency, the project cost is estimated at $520,000.
AIS, American Infrastructure Services is the contractor that maintains the lighting system within the Arborwood CDD. Doug McIntyre with AIS was also the project manager when the Arborwood CDD lighting system was installed (by OnPower). AIS has an annual contract with  Lee County for lighting work, which the City of Fort Myers “piggybacks” for lighting services and the Arborwood CDD might be able to do the same thing in order to complete the lighting system as described. The main advantage for the Arborwood CDD would be to use the same personnel team that managed the installation of the original project and they would be able to complete the work in a cost effective manner.
Staff would recommend the Arborwood CDD consider completing the lighting system as described above, subject to confirmation from the City of Fort Myers that they will take over the operation and maintenance of the lighting system upon completion of the project.  Staff would recommend entering into a professional services agreement with Trebilcock Consulting
Solutions for the design, permitting, and construction phase services for the project.  Finally, staff would recommend entering into a construction contract with AIS, by “piggybacking” their existing Lee County lighting construction contract subject to a legal review by counsel.  If
counsel determines piggybacking to not be feasible, staff would recommend publicly bidding the project the project, in a manner consistent with the previous project bidding.

Rev. 5/12/18

Page 1 of 3

Page 15

Arborwood CDD—Street Lighting Discussion (Plantation Gardens, Commerce Lakes and Treeline)

Rev. 5/12/18

Page 2 of 3

Page 16

Arborwood CDD—Street Lighting Discussion (Plantation Gardens, Commerce Lakes and Treeline)

Rev. 5/12/18

Page 3 of 3

Page 17

Arborwood CDD	Somerset at the Plantation
District Manager	HOA Board President
Kathleen Dailey	Jeffrey Gordish
Special District Services, Inc.	10401 Dartington Dr
27499 Riverview Center Blvd., #253	Fort Myers, Fl. 33013 Bonita Springs, Florida 34134
Subject:  Accidental Invasive and Dead Plants Removal on CDD Parcel Strap # 234525P10060C0070 Sirs,
This letter is to formally notify the Arborwood CDD of invasive and dead plant removal and grass trimming on an Arborwood CDD preserve parcel Strap # 234525P10060C0070 that accidentally took place during the period of April 6 - 16th 2018 while conducting a special HOA Natural Green Space/ Buffer Area clean-up project intended to be performed only on Somerset parcel Strap #234525P236OS900CE.

Figure 2  First Project Area # 5

Figure 2 Green Space Project Map

The Somerset HOA BOD contracted with BrightView (our landscaping company) to provide parcel clean-up of invasive plants and removal of dead plants/ tree removal for the purpose of restoring Golf Course bordering property views and provide fire safety maintenance on parcels recently received from Pulte. Our project began on a location designated as Area #5 and the contractor was provided with a map of Area
#5 by our Landscaping
Committee that was later found to not be completely accurate and incorrectly included Arborwood CDD parcel Strap # 234525P10060C0070 located just east of Pennington Place circle as part of the project area. A copy of the map provided the contractor identifying Area #5 is shown in Figures 1-2.

Figure 3 Arborwood CDD Parcel at the West End of Somerset Natural Green Space/ Buffer Area

Upon completion of the Area #5 Natural Green Space/ Buffer Area clean-up project it was discovered that Arborwood CDD parcel Strap
# 234525P10060C0070 was
unintentionally included in our project site.
Figure 3 show the Lee County Tax Map at right identifying the Arborwood CDD parcel Strap # 234525P10060C0070.

Page 18

Figure 4 Somerset Natural Green Space/ Buffer Area Parcel in Relation to the CDD Parcel

Figure 4 shows Arborwood CDD parcels in red and the Somerset HOA parcel # 234525P236OS900CE
Natural Green Space/ Buffer Area property highlighted in blue as shown in the Lee County Tax Map.

Our error in identifying the Area #5 project site was due to the cartographic generalization of the project map used to identify the work area which did not include property boundaries or identify CDD Preserve property.

During the clean-up work conducted from April 6th thru April 16th, 2018 invasive plants including

Carrot Wood and Brazilian Pepper were removed along with dead small trees and grasses were trimmed at the northern end of this parcel as shown in the Figure 5 picture at right.  Figure 6 shows the parcel in 2017.
The Somerset HOA is extremely sorry that this unintentional clean-up of CDD Preserve property happened and will abide by any restorative activity requirements if determined by the Arborwood CDD.
In order to prevent further incursion of Arborwood CDD Preserves, Somerset will invite the Arborwood CDD Ponds and Preserves Manager and Engineer to review plans for the three additional Green Space areas remaining for clean-up in order to clearly delineate CDD Preserve boundaries as well as

using Lee County Property Maps.  BrightView, our current landscaping company will also be
briefed on the location of all CDD Ponds and Preserve parcels to prevent similar future accidental incursions into CDD property.

Somerset at the Plantation Management and HOA Board will fully cooperate with any further corrective action requirements deemed appropriate.

Respectfully,

Jeffrey Gordish
Somerset at the Plantation HOA Board President

Figure 5 Arborwood CDD Parcel as Viewed Looking North East After Clean-up

Figure 6 2017 Ariel Photo From Lee County Website Prior to Clean-up

Page 19

A Global Environmental Products and Services Company

Price Quote

PROJECT NAME:	Somerset Flow Way Maintenance

ATTENTION:	Kathleen Dailey Meneely
Special District Services Arborwood CDD kdailey@sdsinc.org

PRICE QUOTED:

Description	No. of Units	Price Per Unit	Total Price	
Ongoing Maintenance	2	$2,265.00	$4,530.00	

SCOPE OF WORK:
Ongoing Maintenance

Clarke® will provide the labor and materials necessary for a total of four quarterly maintenance events to treat cattails (Typha spp.) and willow (Salix caroliniana) within one flow way area at the Somerset at Plantation community located in Fort Myers, Florida. Please refer to the attached map for a location of the treatment area. All species will be killed-in-place with an appropriate dye-laced herbicide approved for use by the Lee County and the State of Florida. All work will be directed by a qualified project manager licensed to apply pesticides by the State of Florida.

Clarke® will perform the services described above for a fixed fee of $2,265.00 per event for a total of $9,060.00 (2 events). Service will be provided approximately May and August.

Page 20

A Global Environmental Products and Services Company

Price Quote (continued)

PROJECT NAME:     Somerset Flow Way Maintenance

CONDITIONS:
This quote shall remain valid for a period not to exceed thirty (30) days beyond the submittal date of March 13, 2018. If not accepted within this period, Clarke® reserves the right to modify any portion thereof, or withdraw the quotation in its entirety. This agreement and the attached terms and conditions shall be effective upon its full execution.

QUOTED BY: Lori Clemence
Control Consultant Clarke® lclemence@clarke.com

IN WITNESS WHEREOF, this Agreement is executed on the dates hereinafter stated.

CLARKE®	CLIENT

By: 	By: 

Printed: 

Printed: 

Title: Control Consultant	Title:  

Date:   

, 2018	Date:   

, 2018

PLEASE INDICATE IF THE CLIENT IS ALSO THE OWNER OF THE PROPERTY ON WHICH THE SERVICES/WORK WILL BE PERFORMED:

 	OWNER

 	NOT THE OWNER

IF THE CLIENT IS NOT THE PROPERTY OWNER, PLEASE PRINT THE NAME AND CONTACT INFORMATION FOR THE PROPERTY OWNER:
Name:  Address: 

Phone Number: 

Page 21

A Global Environmental Products and Services Company

PRICE QUOTE TERMS AND CONDITIONS

Services. Clarke® hereby agrees to provide all supervision, labor, materials, equipment, and other facilities to complete the Work as described in the attached Price Quote ("Scope of Work" or “Work”). Clarke® agrees to use its best efforts in completing the Work. The Work shall be accomplished in a workmanlike and professional manner using the degree of skill and care ordinarily exercised by a reputable member of Clarke's® profession practicing in the same or similar locality. No other warranty, express or implied, is made or intended, unless provided in the Scope of Work.

This agreement is limited to tasks identified in the attached Price Quote and does not include additional or repeat Work resulting from changes to the project or the information upon which this agreement is based. Modification to the final work products performed at the request of the Client that is not the result of the Contractor’s errors or omissions shall be billed to the Client as additional services.

Time. This quote shall remain valid for a period not to exceed thirty (30) days beyond the date of submittal. If not accepted within this period, Clarke® reserves the right to modify any portion thereof, or withdraw the quotation in its entirety. This agreement shall be effective upon its full execution.

Duty to Cooperate. Client agrees to cooperate with Clarke® in all respects in connection with Clarke’s® efforts to discharge the Scope of Work. Client shall make Client’s property available to Clarke®, shall timely comply with Clarke’s® requests for information, and shall execute all documents reasonably required by Clarke® in discharging the Scope of Work. Client agrees to inform Clarke® of any known job site hazards including, but not limited to, hazardous substances, buried debris, ordnance or explosives, sinkholes, wildlife hazards, etc.

Payment. Client agrees to pay a fee for the Work performed based upon the information contained in attached Price Quote. As soon as may be practicable at the beginning of each month, Clarke® shall invoice Client for all work performed in the prior month and any other sums due Clarke®. Client shall pay the invoice amount within thirty (30) days after the invoice date. Clarke® may cease performing work under the attached Price Quote if any payment due hereunder is not paid within thirty (30) days of the invoice date.

Client agrees that Clarke® may place a lien upon the Property for Work performed under the attached Price Quote and that Clarke® may record and enforce the lien for Work performed in accordance with the provisions of Florida's Construction Lien Law. In any litigation arising out of this Agreement, the prevailing party shall be entitled to recover reasonable attorney's fees and costs.  In addition, if Clarke® places this executed Price Quote in the hands of an attorney for the collection of any sums due hereunder, Client agrees to reimburse Clarke® for its reasonable attorney's fees and costs relating thereto.

Termination and Default. This agreement may be terminated by either party giving the other party thirty (30) days written notice of intent to terminate. In addition, upon default by Client, monetary or otherwise, this agreement may be terminated by Clarke® with seven (7) days written notice of intent to terminate if the default remains uncured after such notice period. Clarke’s® liability to Client or any related party for any claim related to or arising out of (i) this agreement or (ii) Clarke’s® Work shall be limited to two times the amount of fees paid by Client hereunder.

Force Majeure Event. Clarke® shall not be liable to Client for damages resulting from delay in or termination of Clarke’s® Work because of fire or casualty, riots, strikes, picketing, boycotts, lockouts, labor disturbances, shortages of materials, war, terrorism or combined action of the workmen or others, governmental delays, or any acts of God including, but not limited to, severe snowstorms, earthquakes, hurricanes, floods, or any other cause or condition beyond its control making it inadvisable in Clarke’s® determination to proceed with the Work (collectively, a “Force Majeure Event”). Clarke® shall have no obligation to resume Work discontinued under this Section. If Clarke® elects not to resume the Work, Client’s sole and exclusive remedy shall be payment on a pro-rata basis for the percentage of Work that has actually been completed as of the date of its receipt of Clarke’s® notice of the Force Majeure Event.

Miscellaneous.   The invalidity of any provision of the agreement shall not impair the validity of any other provision.  If any provision of this agreement is determined to be unenforceable by a court of competent jurisdiction, such provision shall be deemed severable and the remaining provisions of the agreement shall be enforced.

This agreement shall be construed and interpreted in accordance with, and the validity of this agreement shall be judged by, the laws of the State of Florida.

This agreement sets forth the entire agreement and understanding of the parties hereto. It may only be amended, modified or terminated by the written mutual consent of all of the parties hereto and duly executed by the authorized representatives of the parties hereto.

Page 22

RESOLUTION 2018-05

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE ARBORWOOD COMMUNITY DEVELOPMENT  DISTRICT APPROVING PROPOSED BUDGETS FOR FISCAL YEAR 2018/2019 AND SETTING A PUBLIC HEARING THEREON PURSUANT TO FLORIDA LAW; ADDRESSING TRANSMITTAL, POSTING AND PUBLICATION REQUIREMENTS; ADDRESSING SEVERABILITY; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the District Manager has heretofore prepared and submitted to the Board of Supervisors (“Board”) of the Arborwood Community Development District (“District”) prior to June 15, 2018, proposed budgets (“Proposed Budget”) for the fiscal year beginning October 1, 2018 and ending September 30, 2019 (“Fiscal Year 2018/2019”); and

WHEREAS, the Board has considered the Proposed Budget and desires to set the required public hearing thereon.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT:

PROPOSED BUDGET APPROVED. The Proposed Budget prepared by the District Manager for Fiscal Year 2018/2019 attached hereto as Exhibit A is hereby approved as the basis for conducting a public hearing to adopt said Proposed Budget.

SETTING A PUBLIC HEARING. A public hearing on said approved Proposed Budget is hereby declared and set for the following date, hour and location:

DATE:

 	, 2018

HOUR:

LOCATION:	 

TRANSMITTAL OF PROPOSED BUDGET TO LOCAL GENERAL PURPOSE GOVERNMENTS. The District Manager is hereby directed to submit a copy of the Proposed Budget to the City of Fort Myers and Lee County at least 60 days prior to the hearing set above.

POSTING OF PROPOSED BUDGET.   In accordance with Section 189.016,
Florida  Statutes,  the  District’s  Secretary  is  further  directed  to  post  the  approved  Proposed

Page 23

Budget on the District’s website at least two days before the budget hearing date as set forth in Section 2, and shall remain on the website for at least 45 days.

PUBLICATION OF NOTICE. Notice of this public hearing shall be published in the manner prescribed in Florida law.

SEVERABILITY. The invalidity or unenforceability of any one or more provisions of this Resolution shall not affect the validity or enforceability of the remaining portions of this Resolution, or any part thereof.

EFFECTIVE DATE. This Resolution shall take effect immediately upon adoption.

PASSED AND ADOPTED THIS 21st DAY OF MAY, 2018.

ATTEST:	ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT

By: 
Secretary	Its: 

Page 24

Arborwood Community Development District

Proposed Budget Fiscal Year 2018/2019
October 1, 2018 - September 30, 2019

Page 25

CONTENTS

PROPOSED TOTAL BUDGET

PROPOSED TOTAL BUDGET DETAIL

BUDGET COMPARISON

PROPOSED GENERAL FUND BUDGET

PROPOSED DEBT SERVICE FUND BUDGET - 2014 BOND

PROPOSED DEBT SERVICE FUND BUDGET - 2018 BOND

ASSESSMENTS RECAP - GL HOMES PARCELS

ASSESSMENTS RECAP - PULTE PARCELS

ASSESSMENTS RECAP - WCI PARCELS

ASSESSMENTS RECAP - OTHER PARCELS

GENERAL FUND METHODOLOGY

2014 BOND METHODOLOGY

2018 BOND METHODOLOGY

ON ROLL ASSESSMENT COMPARISON

Page 26

PROPOSED BUDGET
ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT TOTAL
FISCAL YEAR 2018I2019
October 1, 2018 - September 30, 2019

REVENUES	TOTAL
 	
GENERAL FUND ON ROLL ASSESSMENT	349,945
GENERAL FUND DIRECT BILL ASSESSMENT - PULTE	9,972
GENERAL FUND DIRECT BILL ASSESSMENT - GL HOMES	365
GENERAL FUND DIRECT BILL ASSESSMENT - WCI	14,044
DEBT ON ROLL ASSESSMENT	2,808,004
DEBT DIRECT BILL ASSESSMENT - PULTE	119,544
DEBT DIRECT BILL ASSESSMENT - GL HOMES		3,949 DEBT DIRECT BILL ASSESSMENT - WCI	1,012,891 DEBT DIRECT BILL ASSESSMENT - OTHER			0
OTHER INCOME / CARRYOVER BALANCE		117,000

Total Revenues

$	4,435,714

EXPENDITURES
PAYROLL TAX EXPENSE	912
SUPERVISOR FEES	12,000
ENGINEERING	40,000
MANAGEMENT	35,441
LEGAL	38,000
METHODOLOGY	0
ASSESSMENT ROLL	5,000
ANNUAL AUDIT	5,500
ARBITRAGE REBATE FEE	3,500
INSURANCE	15,000
LEGAL ADVERTISING	5,500
MISCELLANEOUS	2,800
POSTAGE	1,300
OFFICE SUPPLIES	2,200
DUES & SUBSCRIPTIONS	175
TRUSTEE FEES	37,000
CONTINUING DISCLOSURE FEE	5,000
AMORTIZATION SCHEDULE	500
WEBSITE	1,500
LAKE MAINTENANCE	2,000
PROFESSIONAL FEE & PERMITS	2,000
ELECTRICITY	1,000
OFF-SITE MITIGATION MAINT - TREELINE	5,000
DRI MONITORING	10,000
WETLAND MONITORING - PASSARELLA	22,000
OFF-SITE MITIGATION MAINT - PANTHER	65,000
MITIGATION MAINT - PARCEL C	5,000
STREET LIGHTING - UTILITY	16,000
CAPITAL OUTLAY - SMALL	1,000
COUNTY APPRAISER & TAX COLLECTOR FEE	12,000
NEW - LAKE MAINT (SOMERSET ONLY)	50,000
NEW - PRESERVE MAINT (SOMERSET ONLY)		45,000 NEW FIELD INSPECTOR (SOMERSET ONLY)		30,000

Total Expenditures

$	477,328

 	

EXCESS I (SHORTFALL)

$	3,958,386

DEBT PAYMENTS (2005 School Site)	0
DEBT PAYMENTS (2005 Master Infrastructure)	0
DEBT PAYMENTS (2006)	0
DEBT PAYMENTS (2014)	(1,278,793)
DEBT PAYMENTS (2018)	(2,553,275)
MISCELLANEOUS DEBT EXPENSE	0

BALANCE

$	126,318

DISCOUNTS FOR EARLY PAYMENTS	(126,318)

NET EXCESS I (SHORTFALL)	$	-

1	Page 27

PROPOSED BUDGET
ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT DETAILED TOTAL
FISCAL YEAR 2018I2019
October 1, 2018 - September 30, 2019

GENERAL FUND

DEBT - SERIES 2014

DEBT - SERIES 2018

REVENUES

A-1 & A-2	B	A-1 & A-2	TOTAL

GENERAL FUND ON ROLL ASSESSMENT	349,945	0	0	0	349,945
GENERAL FUND DIRECT BILL ASSESSMENT - PULTE	9,972	0	0	0	9,972
GENERAL FUND DIRECT BILL ASSESSMENT - GL HOMES	365	0	0	0	365
GENERAL FUND DIRECT BILL ASSESSMENT - WCI	14,044	0	0	0	14,044
DEBT ON ROLL ASSESSMENT	0	276,982	0	2,531,022	2,808,004
DEBT DIRECT BILL ASSESSMENT - PULTE	0	0	0	119,544	119,544
DEBT DIRECT BILL ASSESSMENT - GL HOMES	0	0	0	3,949	3,949
DEBT DIRECT BILL ASSESSMENT - WCI	0	322,891	690,000	0	1,012,891
DEBT DIRECT BILL ASSESSMENT - OTHER	0	0	0	0	0
OTHER INCOME / CARRYOVER BALANCE		117,000		0	0	0	117,000

Total Revenues

$	491,326

$  599,872

$  690,000	$

2,654,515

$    4,435,714

EXPENDITURES
PAYROLL TAX EXPENSE	912	0	0	0	912
SUPERVISOR FEES	12,000	0	0	0	12,000
ENGINEERING	40,000	0	0	0	40,000
MANAGEMENT	35,441	0	0	0	35,441
LEGAL	38,000	0	0	0	38,000
METHODOLOGY	0	0	0	0	0
ASSESSMENT ROLL	5,000	0	0	0	5,000
ANNUAL AUDIT	5,500	0	0	0	5,500
ARBITRAGE REBATE FEE	3,500	0	0	0	3,500
INSURANCE	15,000	0	0	0	15,000
LEGAL ADVERTISING	5,500	0	0	0	5,500
MISCELLANEOUS	2,800	0	0	0	2,800
POSTAGE	1,300	0	0	0	1,300
OFFICE SUPPLIES	2,200	0	0	0	2,200
DUES & SUBSCRIPTIONS	175	0	0	0	175
TRUSTEE FEES	37,000	0	0	0	37,000
CONTINUING DISCLOSURE FEE	5,000	0	0	0	5,000
AMORTIZATION SCHEDULE	500	0	0	0	500
WEBSITE	1,500	0	0	0	1,500
LAKE MAINTENANCE	2,000	0	0	0	2,000
PROFESSIONAL FEE & PERMITS	2,000	0	0	0	2,000
ELECTRICITY	1,000	0	0	0	1,000
OFF-SITE MITIGATION MAINT - TREELINE	5,000	0	0	0	5,000
DRI MONITORING	10,000	0	0	0	10,000
WETLAND MONITORING - PASSARELLA	22,000	0	0	0	22,000
OFF-SITE MITIGATION MAINT - PANTHER	65,000	0	0	0	65,000
MITIGATION MAINT - PARCEL C	5,000	0	0	0	5,000
STREET LIGHTING - UTILITY	16,000	0	0	0	16,000
CAPITAL OUTLAY - SMALL	1,000	0	0	0	1,000
COUNTY APPRAISER & TAX COLLECTOR FEE	12,000	0	0	0	12,000
NEW - LAKE MAINT (SOMERSET ONLY)	50,000	0	0	0	50,000
NEW - PRESERVE MAINT (SOMERSET ONLY)	45,000	0	0	0	45,000

NEW FIELD INSPECTOR (SOMERSET ONLY) 		 	30,000		 	0	0	0	30,000	
Total Expenditures	$	477,328		$	-	$	-	$	-	$	477,328	

EXCESS I (SHORTFALL)		$	13,998		$ 599,872	$ 690,000		$	2,654,515		$    3,958,386	

DEBT PAYMENTS (2005 School Site)		
0		
0	
0		
0		
0	
DEBT PAYMENTS (2005 Master Infrastructure)		0		0	0		0		0	
DEBT PAYMENTS (2006)		0		0	0		0		0	
DEBT PAYMENTS (2014)		0		(588,793)	(690,000)		0		(1,278,793)	
DEBT PAYMENTS (2018)		0		0	0		(2,553,275)		(2,553,275)	
MISCELLANEOUS DEBT EXPENSE		0		0	0		0		0	
BALANCE		$	13,998		$    11,079	$	-		$	101,241		$	126,318	

DISCOUNTS FOR EARLY PAYMENTS		
(13,998)		
(11,079)	
-		
(101,241)		
(126,318)	

NET EXCESS I (SHORTFALL)

$	-	$

-	$	-	$

-	$	-

2	Page 28

BUDGET COMPARISON
ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT

		FISCAL YEAR 2016I2017 ACTUAL *		FISCAL YEAR 2017I2018 ANNUAL BUDGET		FISCAL YEAR 2018I2019 ANNUAL BUDGET	

COMMENTS	
								
REVENUES								
GENERAL FUND ON ROLL ASSESSMENT		200,921		337,632		349,945	Expenditures/.94 less Direct Bill Portion	
GENERAL FUND DIRECT BILL ASSESSMENT - PULTE		12,873		10,940		9,972	Pulte Direct Bill O&M Assessments	

GENERAL FUND DIRECT BILL ASSESSMENT - GL HOMES		7,873		15,591		365	GL Homes Direct Bill O&M Assessments	
GENERAL FUND DIRECT BILL ASSESSMENT - WCI		17,263		17,094		14,044	WCI Direct Bill O&M Assessments	
GENERAL FUND DIRECT BILL ASSESSMENT - OTHER		0		0		0	Other Direct Bill O&M Assessments	
DEBT ON ROLL ASSESSMENT		3,000,363		2,977,940		2,808,004	Debt Payments /.94 less Direct Bill Portion	
DEBT DIRECT BILL ASSESSMENT - PULTE		79,246		134,092		119,544	Pulte Direct Bill Debt Assessments	
DEBT DIRECT BILL ASSESSMENT - GL HOMES		176,203		175,542		3,949	GL Homes Direct Bill Debt Assessments	
DEBT DIRECT BILL ASSESSMENT - WCI		1,129,774		1,002,511		1,012,891	WCI Direct Bill Debt Assessments	
DEBT DIRECT BILL ASSESSMENT - OTHER		0		0		0	SPE Direct Bill Debt Assessments	
PREPAYMENTS		0		0		0	Bond Prepayments Collected	
MISCELLANEOUS DEBT INCOME		0		0		0	Interest Earned on Debt Fund	
GENERAL FUND INTEREST INCOME		0		0		0	Interest Earned on General Fund	
GENERAL FUND OTHER REVENUES		0		140,000		117,000	Carry Over Funds	
								
Total Revenues		$    4,624,516		$	4,811,342		$	4,435,714		

EXPENDITURES								
PAYROLL TAX EXPENSE		750		912		912	No Change From Previous Year Budget	
SUPERVISOR  FEES		9,800		12,000		12,000	No Change From Previous Year Budget	
ENGINEERING		41,691		40,000		40,000	No Change From Previous Year Budget	
MANAGEMENT		34,000		34,712		35,441	CPI Increase From Previous Year Budget	
LEGAL		31,683		45,000		38,000	$7,000 Decrease From Previous Year Budget	
IRS AUDIT		0		0		0	Line Item Eliminated	
ASSESSMENT  ROLL		5,000		5,000		5,000	No Change From Previous Year Budget	
ANNUAL AUDIT		5,350		5,700		5,500	$200 Decrease From Previous Year Budget	
ARBITRAGE REBATE FEE		2,700		4,000		3,500	$500 Decrease From Previous Year Budget	
INSURANCE		14,496		16,000		15,000	$1,000 Decrease From Previous Year Budget	
LEGAL  ADVERTISING		5,723		5,500		5,500	No Change From Previous Year Budget	
MISCELLANEOUS		2,328		3,000		2,800	$200 Decrease From Previous Year Budget	
POSTAGE		1,323		1,000		1,300	$300 Increase From Previous Year Budget	
OFFICE SUPPLIES		1,851		2,500		2,200	$300 Decrease From Previous Year Budget	
DUES & SUBSCRIPTIONS		175		175		175	No Change From Previous Year Budget	
TRUSTEE FEES		32,229		47,000		37,000	$10,000 Decrease From Previous Year Budget	
CONTINUING DISCLOSURE FEE		4,750		5,000		5,000	No Change From Previous Year Budget	
AMORTIZATION  SCHEDULE		0		1,000		500	$500 Decrease From Previous Year Budget	
WEBSITE		1,500		1,500		1,500	No Change From Previous Year Budget	
LAKE  MAINTENANCE		0		2,000		2,000	No Change From Previous Year Budget	
PROFESSIONAL FEE & PERMITS		0		2,000		2,000	No Change From Previous Year Budget	
ELECTRICITY		130		2,000		1,000	$1,000 Decrease From Previous Year Budget	
OFF-SITE MITIGATION MAINT - TREELINE		0		5,000		5,000	No Change From Previous Year Budget	
DRI MONITORING		0		10,000		10,000	No Change From Previous Year Budget	
WETLAND MONITORING - PASSARELLA		23,146		15,000		22,000	$7,000 Increase From Previous Year Budget	
OFF-SITE MITIGATION MAINT - PANTHER		55,569		84,000		65,000	$19,000 Decrease From Previous Year Budget	
MITIGATION MAINT - PARCEL C		0		5,000		5,000	No Change From Previous Year Budget	
STREET LIGHTING - UTILITY		15,779		15,000		16,000	No Change From Previous Year Budget	
CAPITAL OUTLAY - SMALL		6,218		1,000		1,000	No Change From Previous Year Budget	
COUNTY APPRAISER & TAX COLLECTOR FEE		5,728		66,312		12,000	$54,312 Decrease From Previous Year Budget	
NEW - LAKE MAINT (SOMERSET ONLY)		0		50,000		50,000	New Item - Estimate	
NEW - PRESERVE MAINT (SOMERSET ONLY)		0		45,000		45,000	New Item - Estimate	
NEW FIELD INSPECTOR (SOMERSET ONLY)		0		35,000		30,000	New Item - Estimate	
								
Total Expenditures		301,919		567,311		477,328		
								
EXCESS I (SHORTFALL)		$  4,322,597		$	4,244,031		$	3,958,386		
								
DEBT PAYMENTS (2005 - MI)		(2,120,428)		(2,123,539)		-	Bond Was Refunded In 2018	
DEBT PAYMENTS (2006)		(812,674)		(777,425)		-	Bond Was Refunded In 2018	
DEBT PAYMENTS (2014)		(1,334,813)		(1,209,995)		(1,278,793)	2019 Principal & Interest Payments	
DEBT PAYMENTS (2018)		0				(2,553,275)	2019 Principal & Interest Payments	
MISCELLANEOUS DEBT EXPENSE		0		-		-		
								
BALANCE		$	54,682		$	133,072		$	126,318		
								
DISCOUNTS FOR EARLY PAYMENTS		(111,620)		(132,623)		(126,318)	Four Percent Of Total Assessment Roll	
								
NET EXCESS I (SHORTFALL)		$	(56,938)		$	450		$	0		

*  Un-audited figures

Page 29
3

PROPOSED BUDGET
ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT GENERAL FUND
FISCAL YEAR 2018I2019
October 1, 2018 - September 30, 2019

	FISCAL YEAR 2017I2018		FISCAL YEAR 2018I2019	
	ANNUAL BUDGET		ANNUAL BUDGET	
REVENUES					

ON ROLL ASSESSMENTS		337,632		349,945	
DIRECT BILL ASSESSMENTS - PULTE		10,940		9,972	
DIRECT BILL ASSESSMENTS - GL HOMES		15,591		365	
DIRECT BILL ASSESSMENTS - WCI		17,094		14,044	
INTEREST INCOME		0		0	
OTHER INCOME / CARRYOVER BALANCE		140,000		117,000	
Total Revenues		$	521,257		$	491,326	

EXPENDITURES					

PAYROLL TAX EXPENSE		912		912	
SUPERVISOR FEES		12,000		12,000	
ENGINEERING		40,000		40,000	
MANAGEMENT		34,712		35,441	
LEGAL		45,000		38,000	
METHODOLOGY		0		0	
ASSESSMENT ROLL		5,000		5,000	
ANNUAL AUDIT		5,700		5,500	
ARBITRAGE REBATE FEE		4,000		3,500	
INSURANCE		16,000		15,000	
LEGAL ADVERTISING		5,500		5,500	
MISCELLANEOUS		3,000		2,800	
POSTAGE		1,000		1,300	
OFFICE SUPPLIES		2,500		2,200	
DUES & SUBSCRIPTIONS		175		175	
TRUSTEE FEES		47,000		37,000	
CONTINUING DISCLOSURE FEE		5,000		5,000	
AMORTIZATION SCHEDULE		1,000		500	
WEBSITE		1,500		1,500	
LAKE MAINTENANCE		2,000		2,000	
PROFESSIONAL FEE & PERMITS		2,000		2,000	
ELECTRICITY		2,000		1,000	
OFF-SITE MITIGATION MAINT - TREELINE		5,000		5,000	
DRI MONITORING		10,000		10,000	
WETLAND MONITORING - PASSARELLA		15,000		22,000	
OFF-SITE MITIGATION MAINT - PANTHER		84,000		65,000	
MITIGATION MAINT - PARCEL C		5,000		5,000	
STREET LIGHTING - UTILITY		15,000		16,000	
CAPITAL OUTLAY - SMALL		1,000		1,000	
COUNTY APPRAISER & TAX COLLECTOR FEE		6,753		12,000	
NEW - LAKE MAINT (SOMERSET ONLY)		50,000		50,000	
NEW - PRESERVE MAINT (SOMERSET ONLY)		45,000		45,000	
NEW FIELD INSPECTOR (SOMERSET ONLY)		35,000		30,000	
Total Expenditures		$	507,752		$	477,328	
EXCESS I (SHORTFALL) 			  $	13,505		  $	13,998	
DISCOUNTS FOR EARLY PAYMENTS		(13,505)		(13,998)	
NET EXCESS I (SHORTFALL)		$	-		$	-	

Approximate Fund Balance as of 9-30-2017 = 220,000.00					

4	Page 30

PROPOSED BUDGET
ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT 2014 DEBT SERVICE FUND
FISCAL YEAR 2018I2019
October 1, 2018 - September 30, 2019

 	A-1			A-2 	
FISCAL YEAR	FISCAL YEAR
2018I2019	2018I2019
   ANNUAL BUDGET	ANNUAL BUDGET 	

REVENUES		REVENUES 	
Net On Roll Assessments			220,079	Net On Roll Assessments			45,823 Direct Bill Assessments - WCI			267,247	Direct Bill Assessments - WCI			55,644

Total Revenues 	

  $ 	487,326

Total Revenues 	

  $ 	101,467

EXPENDITURES		EXPENDITURES 	
Principal Payments	136,461	Principal Payments	27,292
Interest Payments			350,865	Interest Payments			74,175 Miscellaneous				0	Miscellaneous				0

Total Expenditures

$	487,326

Total Expenditures

$	101,467

 	 	 	

Excess I (Shortfall)

$	-	Excess I (Shortfall)	$	-

*Note: Excess goes to increase bond fund balance

 	Series 2014 A-1 Bond Information			Series 2014 A-2 Bond Information 	

Maturity Par Amount =	$5,430,000	Maturity Par Amount =	$1,145,000	
Interest Rate =	6.90%	Interest Rate =	6.90%	
Issue Date =	Dec 2014	Issue Date =	Dec 2014	
Maturity Date =	May 2036	Maturity Date =	May 2036	
Annual Principal Payments Due =	N/A	Annual Principal Payments Due =	N/A	
Annual Interest Payments Due =	N/A	Annual Interest Payments Due =	N/A	

Initial Par Amount =	$4,939,888	Initial Par Amount =	$1,041,652

 	B 	
FISCAL YEAR 2018I2019
   ANNUAL BUDGET 	

REVENUES 	
Net On Roll Assessments	0
Direct Bill Assessments - WCI			690,000

Total Revenues 	

  $ 	690,000

EXPENDITURES 	
Principal Payments	0
Interest Payments	690,000
Miscellaneous			0

Total Expenditures 	

  $ 	690,000   **

 	
Excess I (Shortfall)	$	-

**Note: Based on current bond balance and payoff checks already recieved.

 	Series 2014 B Bond Information 	
Initial Par Amount =	$9,097,400
Maturity Par Amount =	$10,000,000
Interest Rate =	6.90%
Issue Date =	Dec 2014
Maturity Date =	May 2025
Annual Principal Payments Due =	N/A

5	Page 31

PROPOSED BUDGET
ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT 2018 DEBT SERVICE FUND
FISCAL YEAR 2018I2019
October 1, 2018 - September 30, 2019

 	2018 A-1 & A-2 	
FISCAL YEAR 2018I2019
    ANNUAL BUDGET 	

REVENUES 	
Net On Roll Assessments	2,429,781	 	
Series 2018 A-1 Bond Information
Direct Bill Assessments - Pulte	119,544	 	
Direct Bill Assessments - GL Homes	3,949	Original Par Amount =	$24,465,000
Direct Bill Assessments - WCI			0	Average Interest Rate =	3.02%

Total Revenues 	

  $ 	2,553,275

Maturity Date =	May 2036

Annual Principal Payments Due =	May 1st
EXPENDITURES		Annual Interest Payments Due =	May 1st & November 1st
Principal Payments A-1	1,065,000

Interest Payments A-1	751,431	
Principal Payments A-2	325,000	
Interest Payments A-2	406,766	

 	
Series 2018 A-2 Bond Information

Miscellaneous / Prepayment			5,078	Original Par Amount =	$8,740,000

Total Expenditures 	

Excess I (Shortfall) 	

  $ 	2,553,275

  $	-

Average Interest Rate =	4.65%

Maturity Date =	May 2036

Annual Principal Payments Due =	May 1st

*	Annual Interest Payments Due =	May 1st & November 1st

6	Page 32

Arborwood Community Development District Assessment Recap - GL Homes Parcel
Fiscal Year 2018I2019 October 1, 2018 - September 30, 2019

GL HOMES PARCEL 	

PARCEL	PRODUCT TYPE	TOTAL UNITS	ON ROLL UNITS	DIRECT BILL UNITS	
A	Townhomes	256	240	16	
A	40' SF	365	365	0	
A	40' SF - PO	2	2	0	
A	45' SF	276	276	0	
A	52' SF	512	564	(52)	
	52' SF - PO	1	1	0	
A	62' SF	79	33	46	
Total		1,491	1,481	10	

GL HOMES ON ROLL

PARCEL	PRODUCT TYPE	ON ROLL UNITS	O&M GROSS ON ROLL	2018 GROSS ON ROLL	
A	Townhomes	240	9,128.08	71,280.00	
A	40' SF	365	13,882.29	136,145.00	
A	40' SF - PO	2	76.07	0.00	
A	45' SF	276	10,497.29	107,640.00	
A	52' SF	564	21,450.98	232,932.00	
A	52' SF - PO	1	38.03	0.00	
A	62' SF	33	1,255.11	14,949.00	
Total		1,481	56,328	562,946	

 	
ON ROLL GROSS PER UNIT TOTAL

$	335.03
$	411.03
$	38.03
$	428.03
$	451.03
$	38.03
$	491.03

GL HOMES DIRECT BILL

PARCEL	PRODUCT TYPE	DIRECT BILL UNITS	O&M NET DIRECT BILL	2018 NET DIRECT BILL	
A	Townhomes	16	584.20	4,561.92	
A	40' SF	0	0.00	0.00	
A	40' SF - PO	0	0.00	0.00	
A	45' SF	0	0.00	0.00	
A	52' SF	(52)	(1,898.64)	(20,616.96)	
A	52' SF - PO	0	0.00	0.00	
A	62' SF	46	1,679.57	20,004.48	
Total		10	365	3,949	

PO = Paid Off. There are a few home owners that have paid their bonds offs.

7	Page 33

Arborwood Community Development District Assessment Recap - Pulte Parcels
Fiscal Year 2018I2019 October 1, 2018 - September 30, 2019

PULTE PARCELS

PARCEL	PRODUCT TYPE	TOTAL UNITS	ON ROLL UNITS	DIRECT BILL UNITS	
B	MF - (2)	66	66	0	
B	MF - (3)	37	37	0	
B	SF 42' - (1)	101	152	(51)	
B	SF 42' - (3)	39	39	0	
B	SF 55' - (1)	265	173	92	
B	SF 55' - (2)	1	1	0	
B	SF 55' - (3)	69	69	0	
B	SF 67' - (1)	173	62	111	
B	SF 67' - (2)	38	38	0	
B	SF 67' - (3)	91	91	0	
B	SF 67' - (4)	33	33	0	
B	SF 75' - (1)	1	0	1	
B	SF 75' - (2)	34	34	0	
B	SF 75' - (3)	3	3	0	
B	SF 75' - (4)	27	27		
Total		978	825	153	

 	

PARCEL	PRODUCT TYPE	TOTAL UNITS	ON ROLL UNITS	DIRECT BILL UNITS	
D/E	MF - (1)	43	43	0	
D/E	MF - (2)	123	123	0	
D/E	MF - (3)	27	27	0	
D/E	MF - (4)	27	27	0	
D/E	SF 55' - (1)	78	78	0	
D/E	SF 55' - (2)	126	126	0	
D/E	SF 55' - (3)	46	46	0	
D/E	SF 67' - (1)	97	97	0	
D/E	SF 67' - (2)	101	101	0	
D/E	SF 67' - (3)	53	53	0	
D/E	SF 67' - (4)	30	30	0	
D/E	SF 67' - (5)	3	3	0	
D/E	SF 75' - (1)	57	57	0	
D/E	SF 75' - (2)	77	77	0	
D/E	SF 75' - (3)	27	27	0	
D/E	SF 75' - (4)	39	39	0	
D/E	SF 75' - (5)	1	1	0	
Total		955	955	0	

PULTE ON ROLL

PARCEL	PRODUCT TYPE	ON ROLL UNITS	O&M GROSS ON ROLL	2018 DEBT GROSS ON ROLL	
B	MF - (2)	66	4,480.79	84,216.00	
B	MF - (3)	37	2,511.96	37,185.00	
B	SF 42' - (1)	152	10,319.40	74,176.00	
B	SF 42' - (3)	39	2,647.74	39,195.00	
B	SF 55' - (1)	173	11,745.11	113,142.00	
B	SF 55' - (2)	1	67.89	1,276.00	
B	SF 55' - (3)	69	4,684.46	69,276.00	
B	SF 67' - (1)	62	4,209.23	49,352.00	
B	SF 67' - (2)	38	2,579.85	48,488.00	
B	SF 67' - (3)	91	6,178.06	91,364.00	
B	SF 67' - (4)	33	2,240.40	47,784.00	
B	SF 75' - (1)	0	0.00	0.00	
B	SF 75' - (2)	34	2,308.29	49,164.00	
B	SF 75' - (3)	3	203.67	3,522.00	
B	SF 75' - (4)	27	1,833.05	41,364.00	
D/E	MF - (1)	43	8,736.70	21,414.00	
D/E	MF - (2)	123	24,991.02	156,948.00	
D/E	MF - (3)	27	5,485.83	27,135.00	
D/E	MF - (4)	27	5,485.83	39,096.00	
D/E	SF 55' - (1)	78	15,847.96	51,012.00	
D/E	SF 55' - (2)	126	25,600.55	160,776.00	
D/E	SF 55' - (3)	46	9,346.23	46,184.00	
D/E	SF 67' - (1)	97	19,708.36	77,212.00	
D/E	SF 67' - (2)	101	20,521.08	128,876.00	
D/E	SF 67' - (3)	53	10,768.49	53,212.00	
D/E	SF 67' - (4)	30	6,095.37	43,440.00	
D/E	SF 67' - (5)	3	609.54	0.00	
D/E	SF 75' - (1)	57	11,581.20	50,673.00	
D/E	SF 75' - (2)	77	15,644.78	111,342.00	
D/E	SF 75' - (3)	27	5,485.83	31,698.00	
D/E	SF 75' - (4)	39	7,923.98	59,748.00	
D/E	SF 75' - (5)	1	203.18	0.00	
Total		1,780	250,046	1,808,270	

 	
ON ROLL GROSS PER UNIT TOTAL

$	1,343.89
$	1,072.89
$	555.89
$	1,072.89
$	721.89
$	1,343.89
$	1,071.89
$	863.89
$	1,343.89
$	1,071.89
$	1,515.89
$	-
$	1,513.89
$	1,241.89
$	1,599.89
$	701.18
$	1,479.18
$	1,208.18
$	1,651.18
$	857.18
$	1,479.18
$	1,207.18
$	999.18
$	1,479.18
$	1,207.18
$	1,651.18
$	203.18
$	1,092.18
$	1,649.18
$	1,377.18
$	1,735.18
$	203.18

PULTE DIRECT BILL

PARCEL	PRODUCT
TYPE	DIRECT BILL
UNITS	O&M NET
DIRECT BILL	2018 DEBT NET
DIRECT BILL	
B	MF - (2)	0	0.00	0.00	
B	MF - (3)	0	0.00	0.00	
B	SF 42' - (1)	(51)	(3,323.93)	(23,892.48)	
B	SF 42' - (3)	0	0.00	0.00	
B	SF 55' - (1)	92	5,996.11	57,761.28	
B	SF 55' - (2)	0	0.00	0.00	
B	SF 55' - (3)	0	0.00	0.00	
B	SF 67' - (1)	111	7,234.44	84,821.76	
B	SF 67' - (2)	0	0.00	0.00	
B	SF 67' - (3)	0	0.00	0.00	
B	SF 67' - (4)	0	0.00	0.00	
B	SF 75' - (1)	1	65.18	853.44	
B	SF 75' - (2)	0	0.00	0.00	
B	SF 75' - (3)	0	0.00	0.00	
B	SF 75' - (4)	0	0.00	0.00	
Total		153	9,972	119,544	

 	

PARCEL	PRODUCT
TYPE	DIRECT BILL
UNITS	O&M NET
DIRECT BILL	2018 DEBT NET
DIRECT BILL	
D/E	MF - (1)	0	0.00	0.00	
D/E	MF - (2)	0	0.00	0.00	
D/E	MF - (3)	0	0.00	0.00	
D/E	MF - (4)	0	0.00	0.00	
D/E	SF 55' - (1)	0	0.00	0.00	
D/E	SF 55' - (2)	0	0.00	0.00	
D/E	SF 55' - (3)	0	0.00	0.00	
D/E	SF 67' - (1)	0	0.00	0.00	
D/E	SF 67' - (2)	0	0.00	0.00	
D/E	SF 67' - (3)	0	0.00	0.00	
D/E	SF 67' - (4)	0	0.00	0.00	
D/E	SF 67' - (5)	0	0.00	0.00	
D/E	SF 75' - (1)	0	0.00	0.00	
D/E	SF 75' - (2)	0	0.00	0.00	
D/E	SF 75' - (3)	0	0.00	0.00	
D/E	SF 75' - (4)	0	0.00	0.00	
D/E	SF 75' - (5)	0	0.00	0.00	
Total		0	0	0	

Full 2005A-2 Assessments and Paid Off 2006A-3 Assessments
Full 2005A-2 Assessments and Full 2006A-3 Assessments
Full 2005A-2 Assessments and Partial Buydown 2006A-3 Assessments
Full 2005A-2 Assessments, Full 2006A-3 Assessments and Full 2006A-2 Assessments
All Bonds Paid Off - Still Pay O&M
8

Page 34

Arborwood Community Development District Assessment Recap - WCI Parcel
Fiscal Year 2018I2019 October 1, 2018 - September 30, 2019

WCI PARCEL

PARCEL	PRODUCT TYPE	TOTAL UNITS	ON ROLL UNITS	DIRECT BILL UNITS	
C	6 - plex	102	24	78	
C	4 - plex	168	72	96	
C	46' SF	107	62	45	
C	52' SF	267	126	141	
C	67' SF	75	35	40	
Total		719	319	400	

WCI ON ROLL

PARCEL	PRODUCT TYPE	ON ROLL UNITS	O&M GROSS ON ROLL	SERIES 2014  GROSS ON ROLL
A-1 & A-2 (Combined)	
C	6 - plex	24	877.73	16,843.72	
C	4 - plex	72	2,633.20	50,531.16	
C	46' SF	62	2,267.47	54,081.03	
C	52' SF	126	4,608.09	116,223.54	
C	67' SF	35	1,280.03	39,302.08	
Total		319	11,667	276,982	

 	
ON ROLL GROSS PER UNIT TOTAL

$	738.39
$	738.39
$	908.84
$	958.98
$	1,159.49

WCI HOMES DIRECT BILL

PARCEL	PRODUCT TYPE	DIRECT BILL UNITS	O&M NET DIRECT BILL	SERIES 2014 NET DIRECT BILL
A-1 & A-2 (Combined)	
C	6 - plex	78	2,738.52	52,552.89	
C	4 - plex	96	3,370.49	64,680.68	
C	46' SF	45	1,579.92	37,681.81	
C	52' SF	141	4,950.41	124,855.14	
C	67' SF	40	1,404.37	43,120.42	
Total		400	14,044	322,891	

9	Page 35

Arborwood Community Development District Assessment Recap -  Other Parcels
Fiscal Year 2018I2019 October 1, 2018 - September 30, 2019

OTHER PARCELS 	

PARCEL	PRODUCT TYPE	TOTAL     UNITS / ACRES	ON ROLL UNITS	DIRECT BILL UNITS	

D/E	
Golf Course	
116	
116	
0	
G	Neighborhood Retail	21	21	0	
H-1	Retail/ Commercial	11	11	0	
H-2	RE Office	2	2	0	
Total		150	150	0	

OTHER ON ROLL

PARCEL	PRODUCT TYPE	ON ROLL UNITS	O&M GROSS ON ROLL	2018 GROSS ON ROLL	

D/E	
Golf Course	
116	
28,389.01	
123,556.00	
G	Neighborhood Retail	21	2,132.63	21,850.00	
H-1	Retail/ Commercial	11	1,133.15	11,900.00	
H-2	RE Office	2	250.12	2,500.00	
Total		150	31,905	159,806	

 	
ON ROLL GROSS TOTAL

$	151,945.01
$	23,982.63
$	13,033.15
$	2,750.12

OTHER DIRECT BILL

PARCEL	PRODUCT TYPE	DIRECT BILL UNITS	O&M NET DIRECT BILL	2018 GROSS DIRECT BILL	

D/E	
Golf Course	
0	
0.00	
0.00	
G	Neighborhood Retail	0	0.00	0.00	
H-1	Retail/ Commercial	0	0.00	0.00	
H-2	RE Office	0	0.00	0.00	
Total		0	0	0	

10	Page 36

ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT ANNUAL ASSESSMENT METHODOLOGY - GENERAL FUND O&M FISCAL YEAR 2018I2019
OCTOBER 1, 2018 - SEPTEMBER 30, 2019

Total Shared O&M Expenditures

$  235,327.95  A

Allocation of Expenditures and Assessment Per Unit

Tract	

Parcel	Allocation Per Parcel based on Gross Acreage	Assessment Per Unit	
		
B			
A*B=C	
D	
C/D=E		
E/9	
6%	
		
Gross Acreage	
% of Total Acreage	Allocation of Expenditures	
Projected Units	Net Assmt per Unit	Gross Assmt per Unit (If On Roll)	
1	A	560.00	23.13%	$	54,440	1,491   $	36.51	$	38.03	
2	B	655.68	27.09%	$	63,741	978   $	65.18	$	67.89	
2	D/E	794.42	32.82%	$	77,229	955   $	80.87	$	84.24	
2	C	259.67	10.73%	$	25,244	719   $	35.11	$	36.57	
Total Residential Land Uses	2,269.77	93.76%	$	220,653	4,143	Gross Total Assmt (If On Roll)	
2	Golf Course (part of Tract 2 Parcel D/E)	116.23	4.80%	$	11,299		11,770	
3	Neighborhood Retail-G	21.06	0.87%	$	2,047		2,133	
4	Retail/ Commercial H-1	11.19	0.46%	$	1,088		1,133	
5	RE Office-H-2	2.47	0.10%	$	240		250	
Total Non-Residential Land Uses	150.95	6.24%	$	14,674		
Grand Total (Gross)	2,420.72	100.00%	$	235,328		

Total -Somerset Only- O&M Expenditures

$  125,000.00

Tract	
Parcel	
Gross Acreage	
% of Total Acreage	Allocation of Expenditures	
Projected Units	Net Assmt per Unit	Gross Assmt per Unit (If On Roll)	
2	D/E	794.42	87.24%  $	109,046	955   $	114.18	$	118.94	
2	Golf Course (part of Tract 2 Parcel D/E)	116.23	12.76%  $	15,954		16,619	
Totals	
910.65	
100.00%  $	
125,000		

11
Page 37

ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT ANNUAL ASSESSMENT METHODOLOGY - 2014 BOND DEBT SERVICE FISCAL YEAR 2018I2019
OCTOBER 1, 2018 - SEPTEMBER 30, 2019

Net 2014 A1 & A2 Principal & Interest
Payment Due:	
Net Total MADs	
% Difference	
$	588,793.20	$	611,192.50	96.335%	

*

Parcel - Product Type	

Planned Units	

Platted Units ON
Roll	
Per Unit ERU Multiplied by
Net Due Grossed up = AssmtIPlttd.
Unit	

Assessments
Platted	

OFF Roll	
PARCEL C - 6 - Plex	102	24	$	701.82	$	16,843.72	$	52,553	
PARCEL C - 4 - Plex	168	72	$	701.82	$	50,531.16	$	64,681	
PARCEL C - 46' Single Family	107	62	$	872.27	$	54,081.03	$	37,682	
PARCEL C - 52' Single Family	267	126	$	922.41	$	116,223.54	$	124,855	
PARCEL C - 67' Single Family	75	35	$	1,122.92	$	39,302.08	$	43,120	
						
Grand Total	719	319		$	276,981.52	$    322,890.94	

 	

Per Unit ERUs
from Methodology	

Category Total using ERUs and Lot Count from Methodology	

Category % of ERUs Total = % of
Bond Assessment	
0.70	71.40	11.6718%	
0.70	117.60	19.2242%	
0.87	93.09	15.2175%	
0.92	245.64	40.1550%	
1.12	84.00	13.7315%	
			
	611.73	100.0000%	

Note: ERU's and Planned Units come directly from the Series 2014 Bond Methodology.

12
Page 38

ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT ANNUAL ASSESSMENT METHODOLOGY - 2018 BOND DEBT SERVICE FISCAL YEAR 2018I2019

Parcel - Product Type	

Planned Units	
Platted Units
ON Roll	
Gross Annual
M.A.D	Total Assessments
Platted	

OFF Roll Net	
						
PARCEL A - Townhomes	256	240	297	71,280	4,562	
PARCEL A - Single Family 40'	365	365	373	136,145	0	
PARCEL A - Single Family 40' - PO	2	2	0	0	0	
PARCEL A - Single Family 45'	276	276	390	107,640	0	
PARCEL A - Single Family 52'	512	564	413	232,932	(20,617)	
PARCEL A - Single Family 52' - PO	1	1	0	0	0	
PARCEL A - Single Family 62'	79	33	453	14,949	20,004	

Subtotal Parcel A	
1,491	
1,481		
562,946	
3,949	
						
PARCELS B - Multi Family and Twin Villas - (2)	66	66	1,276	84,216	0	
PARCELS B - Multi Family and Twin Villas - (3)	37	37	1,005	37,185	0	
PARCELS B - Single Family 42' - (1)	101	152	488	74,176	(23,892)	
PARCELS B - Single Family 42' - (3)	39	39	1,005	39,195	0	
PARCELS B - Single Family 55' - (1)	265	173	654	113,142	57,761	
PARCELS B - Single Family 55' - (2)	1	1	1,276	1,276	0	
PARCELS B - Single Family 55' - (3)	69	69	1,004	69,276	0	
PARCELS B - Single Family 67' - (1)	173	62	796	49,352	84,822	
PARCELS B - Single Family 67' - (2)	38	38	1,276	48,488	0	
PARCELS B - Single Family 67' - (3)	91	91	1,004	91,364	0	
PARCELS B - Single Family 67' - (4)	33	33	1,448	47,784	0	
PARCELS B - Single Family 75' - (1)	1	0	889	0	853	
PARCELS B - Single Family 75' - (2)	34	34	1,446	49,164	0	
PARCELS B - Single Family 75' - (3)	3	3	1,174	3,522	0	
PARCELS B - Single Family 75' - (4)	27	27	1,532	41,364	0	

Subtotal Parcels B	
978	
825		
749,504	
119,544	
						
PARCELS D/E - Multi Family and Twin Villas - (1)	43	43	498	21,414	0	
PARCELS D/E - Multi Family and Twin Villas - (2)	123	123	1,276	156,948	0	
PARCELS D/E - Multi Family and Twin Villas - (3)	27	27	1,005	27,135	0	
PARCELS D/E - Multi Family and Twin Villas - (4)	27	27	1,448	39,096	0	
PARCELS D/E - Single Family 55' - (1)	78	78	654	51,012	0	
PARCELS D/E - Single Family 55' - (2)	126	126	1,276	160,776	0	
PARCELS D/E - Single Family 55' - (3)	46	46	1,004	46,184	0	
PARCELS D/E - Single Family 67' - (1)	97	97	796	77,212	0	
PARCELS D/E - Single Family 67' - (2)	101	101	1,276	128,876	0	
PARCELS D/E - Single Family 67' - (3)	53	53	1,004	53,212	0	
PARCELS D/E - Single Family 67' - (4)	30	30	1,448	43,440	0	
PARCELS D/E - Single Family 67' - (5)	3	3	0	0	0	
PARCELS D/E - Single Family 75' - (1)	57	57	889	50,673	0	
PARCELS D/E - Single Family 75' - (2)	77	77	1,446	111,342	0	
PARCELS D/E - Single Family 75' - (3)	27	27	1,174	31,698	0	
PARCELS D/E - Single Family 75' - (4)	39	39	1,532	59,748	0	
PARCELS D/E - Single Family 75' - (5)	1	1	0	0	0	

Subtotal Parcels DIE	
955	
955		
1,058,766	
0	

Total Residential Units Parcels A, B, D, E	
3,424	
3,261		
2,371,216	
123,493	

OCTOBER 1, 2018 - SEPTEMBER 30, 2019

Gross MADs when all platted

$2,659,661

Category Total MADs from Methodology	
	
76,032	
136,145	
0	
107,640	
211,456	
0	
35,787	

84,216	
37,185	
49,288	
39,195	
173,310	
1,276	
69,276	
137,708	
48,488	
91,364	
47,784	
889	
49,164	
3,522	
41,364	

21,414	
156,948	
27,135	
39,096	
51,012	
160,776	
46,184	
77,212	
128,876	
53,212	
43,440	
0	
50,673	
111,342	
31,698	
59,748	
0	
	
123,556	
21,850	
11,900	
2,500	

GRAND TOTAL	2,531,022	123,493	2,659,661

Other Land Uses					
GOLF COURSE	1	1	123,556	123,556	
PARCEL G (Neighborhood Retail)	1	1	21,850	21,850	
PARCEL H-1 (Retail / Commercial)	1	1	11,900	11,900	
PARCEL H-2 (RE Office)	1	1	2,500	2,500	
Other Land UseTotal				159,806	

13
Page 39

Arborwood Community Development District On Roll Assessment Comparsion
Fiscal Year 2018I2019 October 1, 2018 - September 30, 2019

Parcel	
Product Type	Gross
Fiscal Year 2016/2017
On Roll Assessment Per Unit	Gross
Fiscal Year 2017I2018
On Roll Assessment Per Unit	
GL Homes				
A	Townhomes	$382.07	$335.03	
A	40' SF	$470.67	$411.03	
A	40' SF - PO	$38.13	$38.03	
A	45' SF	$490.21	$428.03	
A	52' SF	$517.57	$451.03	
A	52' SF - PO	$38.13	$38.03	
A	62' SF	$563.89	$491.03	

Pulte
B	MF - (2)	$1,548.70	$1,343.89	
B	MF - (3)	$1,233.62	$1,072.89	
B	SF 42' - (1)	$634.54	$555.89	
B	SF 42' - (3)	$1,233.65	$1,072.89	
B	SF 55' - (1)	$827.02	$721.89	
B	SF 55' - (2)	$1,548.65	$1,343.89	
B	SF 55' - (3)	$1,233.58	$1,071.89	
B	SF 67' - (1)	$992.00	$863.89	
B	SF 67' - (2)	$1,548.57	$1,343.89	
B	SF 67' - (3)	$1,233.50	$1,071.89	
B	SF 67' - (4)	$1,748.57	$1,515.89	
B	SF 75' - (1)	$0.00	$0.00	
B	SF 75' - (2)	$1,745.99	$1,513.89	
B	SF 75' - (3)	$1,430.92	$1,241.89	
B	SF 75' - (4)	$1,845.99	$1,599.89	
D/E	MF - (1)	$788.24	$701.18	
D/E	MF - (2)	$1,691.41	$1,479.18	
D/E	MF - (3)	$1,376.34	$1,208.18	
D/E	MF - (4)	$1,891.41	$1,651.18	
D/E	SF 55' - (1)	$969.74	$857.18	
D/E	SF 55' - (2)	$1,691.37	$1,479.18	
D/E	SF 55' - (3)	$1,376.30	$1,207.18	
D/E	SF 67' - (1)	$1,134.72	$999.18	
D/E	SF 67' - (2)	$1,691.29	$1,479.18	
D/E	SF 67' - (3)	$1,376.22	$1,207.18	
D/E	SF 67' - (4)	$1,891.29	$1,651.18	
D/E	SF 67' - (5)	$210.78	$203.18	
D/E	SF 75' - (1)	$1,241.97	$1,092.18	
D/E	SF 75' - (2)	$1,888.71	$1,649.18	
D/E	SF 75' - (3)	$1,573.64	$1,377.18	
D/E	SF 75' - (4)	$1,988.71	$1,735.18	
D/E	SF 75' - (5)	$210.78	$203.18	
Full 2005A-2 Assessments and Paid Off 2006A-3 Assessments
Full 2005A-2 Assessments and Full 2006A-3 Assessments
Full 2005A-2 Assessments and Partial Buydown 2006A-3 Assessments
Full 2005A-2 Assessments, Full 2006A-3 Assessments and Full 2006A-2 Assessments
All Bonds Paid Off - Still Pay O&M

WCI		
	C	6 - Plex	$775.72	$738.39	
	C	4 - Plex	$775.72	$738.39	
	C	46' SF	$955.21	$908.84	
	C	52' SF	$1,008.01	$958.98	
	C	67' SF	$1,219.15	$1,159.49	

Others	
D/E	Golf Course	$172,884.84	$151,945.01	
G	Neighborhood Retail	$26,845.75	$23,982.63	
H-1	Retail/ Commercial	$14,263.64	$13,033.15	
H-2	RE Office	$3,148.41	$2,750.12	

Page 40
14

Arborwood Community Development District
Budget vs. Actual
October 2017 through April 2018

Oct '17 - Apr 18	Budget	$ Over Budget	% of Budget

Income

01-3100 · O & M Assessments (On-Roll)	356,741.10		337,632.00		19,109.10		105.66%	
01-3301 · O&M Assessments-Off Roll	7,250.50		43,626.00		-36,375.50		16.62%	
01-3814 · Debt Assessments-2005-2-Master	2,098,936.95		1,929,686.00		169,250.95		108.77%	
01-3816 · Debt Assessments (2006A-2)	24,663.20		24,800.00		-136.80		99.45%	
01-3817 · Debt Assessments (2006A-3)	798,643.25		802,726.00		-4,082.75		99.49%	
01-3818 · Debt Assessments (2014A)	290,211.25		220,728.00		69,483.25		131.48%	
01-3824 · Dbt Asses-To Trustee-05-2-Mastr	-2,020,921.65		-2,123,539.00		102,617.35		95.17%	
01-3826 · Debt Asses-Pd To Trustee-2006A2	-23,694.05		-22,862.00		-832.05		103.64%	
01-3827 · Debt Asses-Pd To Trustee-2006A3	-767,256.95		-754,563.00		-12,693.95		101.68%	
01-3829 · Debt Asses-Pd To Trustee-2014A	-278,806.10		-1,209,995.00		931,188.90		23.04%	
01-3830 · Assessment Fees	-8,687.80		-66,312.00		57,624.20		13.1%	
01-3831 · Assessment Discounts	-131,580.22		-132,623.00		1,042.78		99.21%	
01-3850 · Miscellaneous Income	0.00		140,000.00		-140,000.00		0.0%	
01-3914 · Dbt Assm-Off Roll-05A2	4,472.00		1,312,145.00		-1,307,673.00		0.34%	
Total Income	349,971.48		501,449.00		-151,477.52		69.79%	
Expense								
01-1130 · Payroll Tax Expense	367.20		912.00		-544.80		40.26%	
01-1131 · Supervisor Fees	4,800.00		12,000.00		-7,200.00		40.0%	
01-1310 · Engineering	13,559.78		40,000.00		-26,440.22		33.9%	
01-1311 · Management Fees	20,248.62		34,712.00		-14,463.38		58.33%	
01-1313 · Website Management	875.00		1,500.00		-625.00		58.33%	
01-1315 · Legal Fees	13,968.00		45,000.00		-31,032.00		31.04%	
01-1318 · Assessment/Tax Roll	0.00		5,000.00		-5,000.00		0.0%	
01-1320 · Audit Fees	0.00		5,700.00		-5,700.00		0.0%	
01-1330 · Arbitrage Rebate Fee	1,100.00		4,000.00		-2,900.00		27.5%	
01-1332 · Amortization Schedule Fee	0.00		1,000.00		-1,000.00		0.0%	
01-1450 · Insurance	14,496.00		16,000.00		-1,504.00		90.6%	
01-1480 · Legal Advertisements	6,634.08		5,500.00		1,134.08		120.62%	
01-1512 · Miscellaneous	1,379.96		3,000.00		-1,620.04		46.0%	
01-1513 · Postage and Delivery	1,343.35		1,000.00		343.35		134.34%	
01-1514 · Office Supplies	2,702.47		2,500.00		202.47		108.1%	
01-1540 · Dues, License & Subscriptions	175.00		175.00		0.00		100.0%	
01-1551 · Trustee Fees	32,229.23		47,000.00		-14,770.77		68.57%	
01-1743 · Continuing Disclosure Fee	0.00		5,000.00		-5,000.00		0.0%	
01-1803 · Aquatic Maintenance	0.00		2,000.00		-2,000.00		0.0%	
01-1811 · Professional Fee & Permits (GF)	0.00		2,000.00		-2,000.00		0.0%	
01-1814 · Electricity	86.01		2,000.00		-1,913.99		4.3%	
01-1816 · Off-Site Mitigtn Mnt(Tree Line)	0.00		5,000.00		-5,000.00		0.0%	
01-1818 · DRI / Traffic Monitoring	0.00		10,000.00		-10,000.00		0.0%	
01-1819 · Wetland Monitoring (Passarella)	3,281.27		15,000.00		-11,718.73		21.88%	
01-1820 · Off-Site Miti Maint (Panther)	55,568.54		84,000.00		-28,431.46		66.15%	

Page 41

Arborwood Community Development District
Budget vs. Actual
October 2017 through April 2018

	Oct '17 - Apr 18		Budget		$ Over Budget		% of Budget	
01-1821 · Miti Maintenance (Parcel C)	0.00		5,000.00		-5,000.00		0.0%	
01-1822 · Street Lighting - Utility	13,489.95		15,000.00		-1,510.05		89.93%	
01-1824 · Field Inspector (Somerset Only)	5,956.26		35,000.00		-29,043.74		17.02%	
01-1825 · Lake Maintenance-Somerset Only	15,356.00		50,000.00		-34,644.00		30.71%	
01-1826 · Preserve Maint -Somerset Only	0.00		45,000.00		-45,000.00		0.0%	
01-1850 · Capital Outlay - Small	0.00		1,000.00		-1,000.00		0.0%	
Total Expense	207,616.72		500,999.00		-293,382.28		41.44%	
Net Income	142,354.76		450.00		141,904.76		31,634.39%	

Bank Balance As Of 4/30/18	$	411,973.03	
Accounts Payable As Of 4/30/18	$	46,245.46	
Accounts Receivable As Of 4/30/18	$	-	
Total Fund Balance As Of 4/30/18	$	365,727.57	

Page 42