ARBORWOOD COMMUNITY DEVELOPMENT
DISTRICT

LEE COUNTY REGULAR BOARD MEETING
& PUBLIC HEARING AUGUST 20, 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 & PUBLIC HEARING
August 20, 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
July 16, 2018 Regular Board Meeting Minutes………………………………………………….....Page 2
Public Hearing
1. Proof of Publication...........................................................................................................................Page 7
Receive Public Comments on Adopting a Fiscal Year 2018/2019 Final Budget
Consider Resolution No. 2018-06 – Adopting a Fiscal Year 2018/2019 Final Budget....................Page 8
Consider Receive Public Comments on Fiscal Year 2018/2019 Annual Assessment Roll
Consider Resolution No. 2018-07 – Adopting a Fiscal Year 2018/2019 Annual Assessment Roll.Page 27
Old Business
1. Update on Sign Maintenance.............................................................................................................Page 31
Update on Street Lighting Project
Update on Somerset Preserve Activity
Update on Woods & Wetlands Somerset Exotic Removal
New Business
Consider Resolution No. 2018-08 – Adopting a Fiscal Year 2018/2019 Meeting Schedule............Page 44 2. Discussion Regarding Insurance Site Visit Recommendations.........................................................Page 46 3. Consider Approval of WCI Phase 2C Plat.........................................................................................Page 50
Administrative Matters
Manager’s Report
a.   Financials.................................................................................................................................Page 61
Engineer Report
Field Inspectors Report
Board Members Comments
Adjourn

                                                                                                                                                                                                                                                                                                                                                                                                                                               

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          

			

                                                                                                                                                                                                                                                                                                                         

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              

              	                                	 

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              

                                                                                                                                                                   

                                                                                                               

Page 1

ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT REGULAR BOARD MEETING
JULY 16, 2018

CALL TO ORDER

The July 16, 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 July 3, 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 (via phone)	Present	
Vice Chairman	John Hamilton	Present	
Supervisor	Lawrence Carr	Present	
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 phone)	Hopping Green & Sams, P.A.	
District Engineer	Josh Evans (via phone)	JR Evans Engineering	
Field Inspector	Bohdan Hirniak		

Others present were: Michael McElligott (via phone) of Special District Services, Inc.; Andrew Dailidonis & Frank Lyda (via phone) of Hampton Golf; Mike Myers of Passarella & Associates; David Caldwell of Lennar; Steve Rose (via phone) of Florida Fountains; and the following District residents: Jeff Gordish, Chris Anderson, and Jack Aycock.

ADDITIONS OR DELETIONS TO THE AGENDA

Mr. Hamilton requested the addition of an item under New Business: Signs on Plantation & Treeline.  There was a consensus of the Board to include that item on the agenda.

COMMENTS FROM THE PUBLIC FOR ITEMS NOT ON THE AGENDA

Mr. Caldwell stated that he had a plat that needed to be signed by the Chair and the Secretary.

Page 1 of 5

Page 2

ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT REGULAR BOARD MEETING
JULY 16, 2018

Mr. Gordish stated that there was confusion as to what was included in the contract for exotic removals in Somerset and what were considered additional services. It was the consensus of the Board for Mr. Haber to review the contract and determine what is included.

APPROVAL OF MINUTES
June 11, 2018, Special Board Meeting

The June 11, 2018, Special Board Meeting minutes were presented for approval.

Mr. Carr stated that under H2, the first sentence should read, “Mr. Haber advised that it had been determined that the HOA’s removal of dead trees and invasive species was in an area that is a substantial issue to the regulatory agencies and that the HOA indicated they would make the CDD whole….”

Mrs. Pattison stated that a period was needed at the end of the paragraph in H5.

Mr. Hamilton stated that in paragraph H6, it should be Marina “Bay” not “By” and Mr. Carr stated that in the same paragraph, it should read that the shields should be placed on all four sides, not just the front.

Mr. Carr added that that under I2, third paragraph, the work “confirming” should be added after surveys.

A motion was made by Mr. Franz, seconded by Mrs. Pattison and passed unanimously approving the June 11, 2018, Special Board Meeting minutes, as amended.

OLD BUSINESS
Consider Approval of Changes Regarding Fiscal Year 2018/2019 Proposed Budget

Ms. Dailey went over the conference call regarding the budget and on using reserves for balancing the remainder of the shortfall in order not to have to send letters to residents. Mr. McElligott went over the changes and Mr. Haber opined that letters will not have to be mailed, except for Parcel C.

A motion was made by Mrs. Pattison, seconded by Mr. Franz and passed unanimously approving the amendments to the previously approved budget.

Update on Street Lighting Project

Mr. Hammond stated that there was no update, but that it should be on the agenda in September.

Update on Somerset Preserve Activity

Mr. Haber stated that a Hold Harmless agreement had been circulation and is in review by the Somerset HOA.

Page 2 of 5

Page 3

ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT REGULAR BOARD MEETING
JULY 16, 2018

NEW BUSINESS
Consider Woods & Wetlands Somerset Exotic Removal

This item was discussed previously during the meeting and has been sent back to Mr. Haber for review.

Consider Fountain Specifications

There was discussion that the Supervisors would like Mr. Evans to review the specifications.

A motion was made by Mr. Carr, seconded by Mr. Franz and passed unanimously directing Mr. Hamilton to sign the easement agreement, subject to the engineer’s approval of the specifications.

Discussion Regarding Pond/Preserve Water Levels

Mr. Carr inquired about the water levels in the ponds and expressed concern about diminished storage capacity in the event of a major storm. Mr. Evans reported that there was an outlet in Botanica Lakes that was blocked by debris causing the ponds to be about 8-10 inches higher than normal for this time of year. He stated that the blockage was due to be cleared soon, which should result in a corresponding drop in pond water levels. Mr. Evans added that he would look at the status of Lee County improvements in the area and at water elevations downstream.

(ADDED ITEM) – Discussion Regarding Signage on Plantation & Treeline

Mr. Hamilton stated that the signs were in deplorable condition and that the issue needs to be resolved as to who paid for, owns and should maintain the signs. Mr. Haber stated that the owner of the land granted an easement to the CDD. Mr. Haber indicated that he could advise the landowner if the CDD no longer wants easement rights. Mr. Hamilton stated that the signs may be beneficial to the HOA or Pulte, but have no function for the CDD. He gave their history and suggested the HOAs be contacted in order to determine if they want to maintain the signs and move forward from there. Mr. Haber added that it is unclear who owns the physical signs and that they may have been paid for with the original bonds. He suggested he draft a letter to Pulte asking what they want with the signs and to provide any documentation they have on their existence. There was discussion that the letter should include that the CDD has no interest in maintaining the signs and may exercise their right to remove them. Mrs. Pattison added that it could be quite an expense to remove the signs. It was a consensus of the Board for Mr. Haber to send such a letter to Pulte.

ADMINISTRATIVE MATTERS
Manager’s Report

Ms. Dailey reminded the Board that the next meeting was scheduled for August 20, 2018, and that it would include the final budget Public Hearing.

Page 3 of 5

Page 4

ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT REGULAR BOARD MEETING
JULY 16, 2018

Engineer’s Report

Mr. Evans advised that the pipe inspection report would be completed for Somerset and Bridgetown.

Mr. Evans reminded the Board that the lake bank inspection report had been sent to Pulte and survey info is needed in order for them to make any repairs, before they turn over the lakes. Pulte has not yet responded and it was the consensus of the Board for Messrs. Haber and Evans to draft a letter to Pulte putting them on notice to provide those surveys. Mr. Hamilton asked if any response had been received from Pulte on the turbidity in the Bridgetown lake. Mr. Evans advised there had been no response and that that issue could be added to the letter.

Field Inspector Report

Mr. Hirniak stated that the overall health of the lakes was good with the recent rains. He added that the torpedo grass and spike rush was increasing and that he had asked Clarke Aquatics to get more aggressive on their treatment. There was discussion regarding accessing property at the golf course to which Frank Lyda stated that Clarke had been given the right to access, where needed.

BOARD MEMBER COMMENTS

Mr. Hammond advised that he had spoken with Todd Wodraska of Special District Services, Inc. regarding improving the budget process. Mr. Wodraska committed to a better process for next year.

Mr. Hammond stated that the audit had been completed and is on the website. He indicated it will be mailed to all the Board Members soon and it was the consensus of the Board to put the audit on the next agenda for discussion.

Mr. Carr noted that he would follow up with Frank Brown of Bridgetown on the discussion regarding water levels.

ADJOURNMENT

There being no further business to come before the Board, a motion was made by Mr. Carr, seconded by Mrs. Pattison and passed unanimously to adjourn the Regular Board Meeting at 11:04 a.m.

Page 4 of 5

Page 5

ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT REGULAR BOARD MEETING
JULY 16, 2018

 	
Secretary/Assistant Secretary	Chair/Vice-Chair

Page 5 of 5

Page 6

                                                                                                                                                                                                                                                                                                                                                                                                                                               

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          

			

                                                                                                                                                                                                                                                                                                                         

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              

              	                                	 

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              

                                                                                                                                                                   

                                                                                                               

Page 7

RESOLUTION 2018-06

THE ANNUAL APPROPRIATION RESOLUTION OF THE ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT (“DISTRICT”) RELATING TO THE ANNUAL APPROPRIATIONS AND ADOPTING THE BUDGETS FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2018, AND ENDING SEPTEMBER 30, 2019; AUTHORIZING BUDGET AMENDMENTS; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the District Manager has, prior to the fifteenth (15th) day in June, 2018, submitted to the Board of Supervisors (“Board”) of the Arborwood Community Development District (“District”) proposed budgets (“Proposed Budget”) for the fiscal year beginning October 1, 2018 and ending September 30, 2019 (“Fiscal Year 2018/2019”) along with an explanatory and complete financial plan for each fund of the District, pursuant to the provisions of Section 190.008(2)(a), Florida Statutes; and

WHEREAS, at least sixty (60) days prior to the adoption of the Proposed Budget, the District filed a copy of the Proposed Budget with the local governing authorities having jurisdiction over the area included in the District pursuant to the provisions of Section 190.008(2)(b), Florida Statutes; and

WHEREAS, the Board set a public hearing thereon and caused notice of such public hearing to be given by publication pursuant to Section 190.008(2)(a), Florida Statutes; and

WHEREAS, the District Manager posted the Proposed Budget on the District’s website at least two days before the public hearing; and

WHEREAS, Section 190.008(2)(a), Florida Statutes, requires that, prior to October 1st of each year, the Board, by passage of the Annual Appropriation Resolution, shall adopt a budget for the ensuing fiscal year and appropriate such sums of money as the Board deems necessary to defray all expenditures of the District during the ensuing fiscal year; and

WHEREAS, the District Manager has prepared a Proposed Budget, whereby the budget shall project the cash receipts and disbursements anticipated during a given time period, including reserves for contingencies for emergency or other unanticipated expenditures during the fiscal year.

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

Page 8

SECTION 1. BUDGET

The Board has reviewed the Proposed Budget, a copy of which is on file with the office of the District Manager and at the District’s Local Records Office, and hereby approves certain amendments thereto, as shown in Section 2 below.

The Proposed Budget, attached hereto as Exhibit “A,” as amended by the Board, is hereby adopted in accordance with the provisions of Section 190.008(2)(a), Florida Statutes (“Adopted Budget”), and incorporated herein by reference; provided, however, that the comparative figures contained in the Adopted Budget may be subsequently revised as deemed necessary by the District Manager to reflect actual revenues and expenditures.

The Adopted Budget, as amended, shall be maintained in the office of the District Manager and at the District’s Local Records Office and identified as “The Budget for the Arborwood Community Development District for the Fiscal Year Ending September 30, 2019.”

The Adopted Budget shall be posted by the District Manager on the District’s official website within thirty (30) days after adoption, and shall remain on the website for at least 2 years.

SECTION 2. APPROPRIATIONS

There is hereby appropriated out of the revenues of the District, for Fiscal Year 2018/2019, the sum of $ 4,319,658.00 to be raised by the levy of  assessments  and/or otherwise, which sum is deemed by the Board to be necessary to defray all expenditures of the District during said budget year, to be divided and appropriated in the following fashion:

TOTAL GENERAL FUND	$ 	375,270.00 	
DEBT SERVICE FUND (SERIES 2014A-1)	$ 	496,496.00 	
DEBT SERVICE FUND (SERIES 2014A-2)	$ 	103,376.00 	
DEBT SERVICE FUND (SERIES 2014B)	$ 	690,000.00 	
DEBT SERVICE FUND (SERIES 2018A-1)	$ 	1,892,117.00 	
DEBT SERVICE FUND (SERIES 2018A-2)	$ 	762,399.00 	
TOTAL ALL FUNDS	$ 	4,319,658.00 	

Page 9

SECTION 3. BUDGET AMENDMENTS

Pursuant to Section 189.016, Florida Statutes, the District at any time within Fiscal Year 2018/2019 or within 60 days following the end of the Fiscal Year 2018/2019 may amend its Adopted Budget for that fiscal year as follows:

The Board may authorize an increase or decrease in line item appropriations within a fund by motion recorded in the minutes if the total appropriations of the fund do not increase.

The District Manager or Treasurer may authorize an increase or decrease in line item appropriations within a fund if the total appropriations of the fund do not increase and if the aggregate change in the original appropriation item does not exceed $10,000 or 10% of the original appropriation.

By resolution, the Board may increase any appropriation item and/or fund to reflect receipt of any additional unbudgeted monies and make the corresponding change to appropriations or the unappropriated balance.

Any other budget amendments shall be adopted by resolution and consistent with Florida law.

The District Manager or Treasurer must establish administrative procedures to ensure that any budget amendments are in compliance with this Section 3 and Section 189.016, Florida Statutes, among other applicable laws. Among other procedures, the District Manager or Treasurer must ensure that any amendments to budget under subparagraphs c. and d. above are posted on the District’s website within 5 days after adoption and remain on the website for at least 2 years.

SECTION 4. EFFECTIVE DATE. This Resolution shall take effect immediately upon adoption.

PASSED AND ADOPTED THIS 20th DAY OF AUGUST, 2018.

ATTEST:	ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT

Secretary/Assistant Secretary

By:  Its: 

Exhibit A: Fiscal Year 2018/2019 Budget

Page 10

Arborwood Community Development District

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

Page 11

CONTENTS

FINAL TOTAL BUDGET

FINAL TOTAL BUDGET DETAIL

BUDGET COMPARISON

FINAL GENERAL FUND BUDGET

FINAL DEBT SERVICE FUND BUDGET -  2014 BOND

FINAL 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 12

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

REVENUES 	
GENERAL FUND ON ROLL ASSESSMENT	 	TOTAL 	
341,141	
GENERAL FUND DIRECT BILL ASSESSMENT - PULTE	9,955	
GENERAL FUND DIRECT BILL ASSESSMENT - GL HOMES	365	
GENERAL FUND DIRECT BILL ASSESSMENT - WCI	23,809	
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 I CARRYOVER BALANCE 		 	140,000	
Total Revenues 		  $	4,459,658	
EXPENDITURES 	
PAYROLL TAX EXPENSE	

912	
SUPERVISOR FEES	12,000	
ENGINEERING	35,000	
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	0	
PROFESSIONAL FEE & PERMITS	2,000	
ELECTRICITY	1,000	
TREELINE PRESEVE MAINT - EXOCITS	4,000	
DRI TRAFFIC MONITORING	0	
ENVIROMENTAL CONSULTING - PASSARELLA	15,000	
PANTHER MITIGATION MAINT - EXOCITS	110,000	
STREET LIGHTING - UTILITY & MAINT	21,000	
CAPITAL OUTLAY - SMALL	1,000	
COUNTY APPRAISER & TAX COLLECTOR FEE	10,000	
FLOWWAY MAINT	4,600	
MITIGATION MONITORING - (PARCEL C ONLY)	6,200	
PRESERVE MAINT - (PARCEL C ONLY)	10,800	
LAKE MAINT - (SOMERSET ONLY)	46,100	
PRESERVE MAINT - (SOMERSET ONLY)	35,000	
INSPECTOR - (SOMERSET ONLY) 		 	28,000	
Total Expenditures 		  $	501,028	

EXCESS I (SHORTFALL)

$	3,958,630

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

$	126,562

DISCOUNTS FOR EARLY PAYMENTS	(125,966)

NET EXCESS I (SHORTFALL)

$	596

1	Page 13

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

GENERAL FUND

DEBT - SERIES 2014

DEBT - SERIES 2018

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

REVENUES 	
GENERAL FUND ON ROLL ASSESSMENT	
341,141	
0	
0	
0	
341,141	
GENERAL FUND DIRECT BILL ASSESSMENT - PULTE	9,955	0	0	0	9,955	
GENERAL FUND DIRECT BILL ASSESSMENT - GL HOMES	365	0	0	0	365	
GENERAL FUND DIRECT BILL ASSESSMENT - WCI	23,809	0	0	0	23,809	
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 I CARRYOVER BALANCE 		 	140,000	 	0	0	 	0	 	140,000	
Total Revenues 		  $	515,270	  $ 599,872   $ 690,000	  $	2,654,515	  $   4,459,658	
EXPENDITURES 	
PAYROLL TAX EXPENSE	912	0	0	0	912
SUPERVISOR FEES	12,000	0	0	0	12,000
ENGINEERING	35,000	0	0	0	35,000
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	0	0	0	0	0
PROFESSIONAL FEE & PERMITS	2,000	0	0	0	2,000
ELECTRICITY	1,000	0	0	0	1,000
TREELINE PRESEVE MAINT - EXOCITS	4,000	0	0	0	4,000
DRI TRAFFIC MONITORING	0	0	0	0	0
ENVIROMENTAL CONSULTING - PASSARELLA	15,000	0	0	0	15,000
PANTHER MITIGATION MAINT - EXOCITS	110,000	0	0	0	110,000
STREET LIGHTING - UTILITY & MAINT	21,000	0	0	0	21,000
CAPITAL OUTLAY - SMALL	1,000	0	0	0	1,000
COUNTY APPRAISER & TAX COLLECTOR FEE	10,000	0	0	0	10,000
FLOWWAY MAINT	4,600	0	0	0	4,600
MITIGATION MONITORING - (PARCEL C ONLY)	6,200	0	0	0	6,200
PRESERVE MAINT - (PARCEL C ONLY)	10,800	0	0	0	10,800
LAKE MAINT - (SOMERSET ONLY)	46,100	0	0	0	46,100
PRESERVE MAINT - (SOMERSET ONLY)		35,000		0	0	0	35,000 INSPECTOR - (SOMERSET ONLY)		28,000		0	0	0	28,000

Total Expenditures 	

   $ 	501,028

   $ 	- 	$ 	- 	

   $ 	- 	

  $ 	501,028

EXCESS I (SHORTFALL)		

$	14,242		
$ 599,872	
$ 690,000		

$	2,654,515		

$   3,958,630	

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	

$	101,241		
$	126,562	

(101,241)		
(125,966)	
$	-		$	596	

BALANCE		
$	14,242		
$   11,079	
$	

DISCOUNTS FOR EARLY PAYMENTS		
(13,646)		
(11,079)		
NET EXCESS I (SHORTFALL)		$	596		$	-	$	
			
2			

-

-

-

Page 14

BUDGET COMPARISON
ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT

		FISCAL YEAR 2016I2017 ACTUAL *		FISCAL YEAR 2017I2018 ANNUAL BUDGET		FISCAL YEAR 2018I2019 ANNUAL BUDGET		
CHANGE +I(-) FROM PREVIOUS BUDGET	
									
REVENUES									

GENERAL FUND ON ROLL ASSESSMENT		200,921		337,632		341,141		3,509	

GENERAL FUND DIRECT BILL ASSESSMENT - PULTE		12,873		10,940		9,955		(985)	

GENERAL FUND DIRECT BILL ASSESSMENT - GL HOMES		7,873		15,591		365		(15,226)	

GENERAL FUND DIRECT BILL ASSESSMENT - WCI		17,263		17,094		23,809		6,715	

GENERAL FUND DIRECT BILL ASSESSMENT - OTHER		0		0		0		0	

DEBT ON ROLL ASSESSMENT		3,000,363		2,977,940		2,808,004		(169,936)	

DEBT DIRECT BILL ASSESSMENT - PULTE		79,246		134,092		119,544		(14,548)	

DEBT DIRECT BILL ASSESSMENT - GL HOMES		176,203		175,542		3,949		(171,593)	

DEBT DIRECT BILL ASSESSMENT - WCI		1,129,774		1,002,511		1,012,891		10,380	

DEBT DIRECT BILL ASSESSMENT - OTHER		0		0		0		0	

PREPAYMENTS		0		0		0		0	

MISCELLANEOUS DEBT INCOME		0		0		0		0	

GENERAL FUND INTEREST INCOME		0		0		0		0	

GENERAL FUND OTHER REVENUES		0		140,000		140,000		0	
									
Total Revenues		$    4,624,516		$	4,811,342		$	4,459,658			

EXPENDITURES									

PAYROLL TAX EXPENSE		750		912		912		0	

SUPERVISOR FEES		9,800		12,000		12,000		0	

ENGINEERING		41,691		40,000		35,000		(5,000)	

MANAGEMENT		34,000		34,712		35,441		729	

LEGAL		31,683		45,000		38,000		(7,000)	

IRS AUDIT		0		0		0		0	

ASSESSMENT ROLL		5,000		5,000		5,000		0	

ANNUAL AUDIT		5,350		5,700		5,500		(200)	

ARBITRAGE REBATE FEE		2,700		4,000		3,500		(500)	

INSURANCE		14,496		16,000		15,000		(1,000)	

LEGAL ADVERTISING		5,723		5,500		5,500		0	

MISCELLANEOUS		2,328		3,000		2,800		(200)	

POSTAGE		1,323		1,000		1,300		300	

OFFICE SUPPLIES		1,851		2,500		2,200		(300)	

DUES & SUBSCRIPTIONS		175		175		175		0	

TRUSTEE FEES		32,229		47,000		37,000		(10,000)	

CONTINUING DISCLOSURE FEE		4,750		5,000		5,000		0	

AMORTIZATION SCHEDULE		0		1,000		500		(500)	

WEBSITE		1,500		1,500		1,500		0	

LAKE MAINTENANCE		0		2,000		0		(2,000)	

PROFESSIONAL FEE & PERMITS		0		2,000		2,000		0	

ELECTRICITY		130		2,000		1,000		(1,000)	

TREELINE PRESEVE MAINT - EXOCITS		0		5,000		4,000		(1,000)	

DRI TRAFFIC MONITORING		0		10,000		0		(10,000)	

ENVIROMENTAL CONSULTING - PASSARELLA		23,146		15,000		15,000		0	

PANTHER MITIGATION MAINT - EXOCITS		55,569		84,000		110,000		26,000	

STREET LIGHTING - UTILITY & MAINT		15,779		15,000		21,000		6,000	

CAPITAL OUTLAY - SMALL		6,218		1,000		1,000		0	

COUNTY APPRAISER & TAX COLLECTOR FEE		5,728		66,312		10,000		(56,312)	

FLOWWAY MAINT		0		0		4,600		New Item - Est	

MITIGATION MONITORING - (PARCEL C ONLY)		0		5,000		6,200		1,200	

PRESERVE MAINT - (PARCEL C ONLY)		0		0		10,800		New Item - Est	

LAKE MAINT - (SOMERSET ONLY)		0		50,000		46,100		(3,900)	

PRESERVE MAINT - (SOMERSET ONLY)		0		45,000		35,000		(10,000)	

INSPECTOR - (SOMERSET ONLY)		0		35,000		28,000		(7,000)	
									
Total Expenditures		301,919		567,311		501,028			
									
EXCESS I (SHORTFALL)		$  4,322,597		$	4,244,031		$	3,958,630			

DEBT PAYMENTS (2005 - MI)		(2,120,428)		(2,123,539)		-		2,123,539	

DEBT PAYMENTS (2006)		(812,674)		(777,425)		-		777,425	

DEBT PAYMENTS (2014)		(1,334,813)		(1,209,995)		(1,278,793)		(68,798)	

DEBT PAYMENTS (2018)		0				(2,553,275)		(2,553,275)	

MISCELLANEOUS DEBT EXPENSE		0		-		-		0	
									
BALANCE		$	54,682		$	133,072		$	126,562			

DISCOUNTS FOR EARLY PAYMENTS		(111,620)		(132,623)		(125,966)		6,656	
									
NET EXCESS I (SHORTFALL)		$	(56,938)		$	450		$	596			

*   Un-audited figures

3	Page 15

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

	FISCAL YEAR 2017I2018 ANNUAL BUDGET		FISCAL YEAR 2018I2019 ANNUAL BUDGET	
REVENUES					
ON ROLL ASSESSMENTS		337,632		341,141	
DIRECT BILL ASSESSMENTS - PULTE		10,940		9,955	
DIRECT BILL ASSESSMENTS - GL HOMES		15,591		365	
DIRECT BILL ASSESSMENTS - WCI		17,094		23,809	
INTEREST INCOME		0		0	
OTHER INCOME I CARRYOVER BALANCE		140,000		140,000	
Total Revenues		$	521,257		$	515,270	

EXPENDITURES					
PAYROLL TAX EXPENSE		912		912	
SUPERVISOR FEES		12,000		12,000	
ENGINEERING		40,000		35,000	
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		0	
PROFESSIONAL FEE & PERMITS		2,000		2,000	
ELECTRICITY		2,000		1,000	
TREELINE PRESEVE MAINT - EXOCITS		5,000		4,000	
DRI TRAFFIC MONITORING		10,000		0	
ENVIROMENTAL CONSULTING - PASSARELLA		15,000		15,000	
PANTHER MITIGATION MAINT - EXOCITS		84,000		110,000	
STREET LIGHTING - UTILITY & MAINT		15,000		21,000	
CAPITAL OUTLAY - SMALL		1,000		1,000	
COUNTY APPRAISER & TAX COLLECTOR FEE		6,753		10,000	
FLOWWAY MAINT		0		4,600	
MITIGATION MONITORING - (PARCEL C ONLY)		5,000		6,200	
PRESERVE MAINT - (PARCEL C ONLY)		0		10,800	
LAKE MAINT - (SOMERSET ONLY)		50,000		46,100	
PRESERVE MAINT - (SOMERSET ONLY)		45,000		35,000	
INSPECTOR - (SOMERSET ONLY)		35,000		28,000	
Total Expenditures		$	507,752		$	501,028	
EXCESS I (SHORTFALL)		$	13,505		$	14,242	

DISCOUNTS FOR EARLY PAYMENTS		
(13,505)		
(13,646)	
NET EXCESS I (SHORTFALL)		$	-		$	596	

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

4
Page 16

FINAL 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 	

Initial Par Amount =	$4,939,888	Initial Par Amount =	$1,041,652	
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 = Annual Interest Payments Due =	NIA NIA	Annual Principal Payments Due = Annual Interest Payments Due =	NIA NIA	

 	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 =	NIA

5
Page 17

FINAL 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	
Direct Bill Assessments - Pulte		119,544	

Series 2018 A-1 Bond Information
 	
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	 		
		Series 2018 A-2 Bond Information	
Principal Payments A-2	325,000	 		
Interest Payments A-2	406,766	
Miscellaneous I 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 18

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	9,112.56	71,280.00	
A	40' SF	365	13,858.69	136,145.00	
A	40' SF - PO	2	75.94	0.00	
A	45' SF	276	10,479.45	107,640.00	
A	52' SF	564	21,414.53	232,932.00	
A	52' SF - PO	1	37.97	0.00	
A	62' SF	33	1,252.98	14,949.00	
Total		1,481	56,232	562,946	

 	
ON ROLL GROSS PER UNIT TOTAL

$	334.97
$	410.97
$	37.97
$	427.97
$	450.97
$	37.97
$	490.97

GL HOMES DIRECT BILL

PARCEL	PRODUCT TYPE	DIRECT BILL UNITS	O&M NET DIRECT BILL	2018 NET DIRECT BILL	
A	Townhomes	16	583.20	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)	(1,895.41)	(20,616.96)	
A	52' SF - PO	0	0.00	0.00	
A	62' SF	46	1,676.71	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 19

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	4,473.18	84,216.00	
B	MF - (3)	37	2,507.69	37,185.00	
B	SF 42' - (1)	152	10,301.86	74,176.00	
B	SF 42' - (3)	39	2,643.24	39,195.00	
B	SF 55' - (1)	173	11,725.14	113,142.00	
B	SF 55' - (2)	1	67.78	1,276.00	
B	SF 55' - (3)	69	4,676.50	69,276.00	
B	SF 67' - (1)	62	4,202.07	49,352.00	
B	SF 67' - (2)	38	2,575.47	48,488.00	
B	SF 67' - (3)	91	6,167.56	91,364.00	
B	SF 67' - (4)	33	2,236.59	47,784.00	
B	SF 75' - (1)	0	0.00	0.00	
B	SF 75' - (2)	34	2,304.36	49,164.00	
B	SF 75' - (3)	3	203.33	3,522.00	
B	SF 75' - (4)	27	1,829.94	41,364.00	
D/E	MF - (1)	43	8,079.98	21,414.00	
D/E	MF - (2)	123	23,112.49	156,948.00	
D/E	MF - (3)	27	5,073.47	27,135.00	
D/E	MF - (4)	27	5,073.47	39,096.00	
D/E	SF 55' - (1)	78	14,656.70	51,012.00	
D/E	SF 55' - (2)	126	23,676.21	160,776.00	
D/E	SF 55' - (3)	46	8,643.70	46,184.00	
D/E	SF 67' - (1)	97	18,226.93	77,212.00	
D/E	SF 67' - (2)	101	18,978.55	128,876.00	
D/E	SF 67' - (3)	53	9,959.04	53,212.00	
D/E	SF 67' - (4)	30	5,637.19	43,440.00	
D/E	SF 67' - (5)	3	563.72	0.00	
D/E	SF 75' - (1)	57	10,710.67	50,673.00	
D/E	SF 75' - (2)	77	14,468.80	111,342.00	
D/E	SF 75' - (3)	27	5,073.47	31,698.00	
D/E	SF 75' - (4)	39	7,328.35	59,748.00	
D/E	SF 75' - (5)	1	187.91	0.00	
Total		1,780	235,365	1,808,270	

 	
ON ROLL GROSS PER UNIT TOTAL

$	1,343.78
$	1,072.78
$	555.78
$	1,072.78
$	721.78
$	1,343.78
$	1,071.78
$	863.78
$	1,343.78
$	1,071.78
$	1,515.78
$	-
$	1,513.78
$	1,241.78
$	1,599.78
$	685.91
$	1,463.91
$	1,192.91
$	1,635.91
$	841.91
$	1,463.91
$	1,191.91
$	983.91
$	1,463.91
$	1,191.91
$	1,635.91
$	187.91
$	1,076.91
$	1,633.91
$	1,361.91
$	1,719.91
$	187.91

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)	(3,318.28)	(23,892.48)	
B	SF 42' - (3)	0	0.00	0.00	
B	SF 55' - (1)	92	5,985.92	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	7,222.15	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	65.06	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	9,955	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 20

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	1,488.03	16,843.72	
C	4 - plex	72	4,464.10	50,531.16	
C	46' SF	62	3,844.09	54,081.03	
C	52' SF	126	7,812.18	116,223.54	
C	67' SF	35	2,170.05	39,302.08	
Total		319	19,778	276,982	

 	
ON ROLL GROSS PER UNIT TOTAL

$	763.82
$	763.82
$	934.27
$	984.41
$	1,184.92

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	4,642.67	52,552.89	
C	4 - plex	96	5,714.05	64,680.68	
C	46' SF	45	2,678.46	37,681.81	
C	52' SF	141	8,392.52	124,855.14	
C	67' SF	40	2,380.86	43,120.42	
Total	400	23,809	322,891	

Will Change when true up received 	

9	Page 21

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	

DIE	
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	

DIE	
Golf Course	
116	
26,255.07	
123,556.00	
G	Neighborhood Retail	21	2,129.01	21,850.00	
H-1	Retail/ Commercial	11	1,131.23	11,900.00	
H-2	RE Office	2	249.70	2,500.00	
Total		150	29,765	159,806	

 	
ON ROLL GROSS TOTAL

$	149,811.07
$	23,979.01
$	13,031.23
$	2,749.70

OTHER DIRECT BILL

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

DIE	
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 22

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

$	234,928.00 A

Allocation of Expenditures and Assessment Per Unit

Tract	

Parcel	Allocation Per Parcel based on Gross Acre	age	Assessment Per Unit	
		
B			
A*B=C	
D	
C/D=E	
E/96%	
		
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%	$	54,347	1,491	$	36.45	$	37.97	
2	B	655.68	27.09%	$	63,633	978	$	65.06	$	67.78	
2	D/E	794.42	32.82%	$	77,098	955	$	80.73	$	84.09	
2	C	259.67	10.73%	$	25,201	709	$	35.54	$	37.02	
Total Residential Land Uses	2,269.77	93.76%	$	220,278	4,133	Gross Total Assmt (If On Roll)	
2	Golf Course (part of Tract 2 Parcel D/E)	116.23	4.80%	$	11,280		11,750	
3	Neighborhood  Retail-G	21.06	0.87%	$	2,044		2,129	
4	Retail/ Commercial H-1	11.19	0.46%	$	1,086		1,131	
5	RE Office-H-2	2.47	0.10%	$	240		250	
Total Non-Residential Land Uses	150.95	6.24%	$	14,650		
Grand Total (Gross)	2,420.72	100.00%	$	234,928		

Total -Somerset Only- O&M Expenditures

$	109,100.00

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%  $	95,175	955	$	99.66	$	103.81	
2	Golf Course (part of Tract 2 Parcel D/E)	116.23	12.76%  $	13,925		14,505	
Totals	
910.65	
100.00%  $	
109,100		

Total -Parcel C Only O&M Expenditures

$	17,000.00

Tract	
Parcel	
Gross Acreage	
% of Total Acreage	Allocation of Expenditures	
Projected Units	
Net Assmt per Unit	Gross Assmt per Unit (If On Roll)	
2	C	259.67	100.00%  $	17,000	709	$	23.98	$	24.98	

Based on new platt information 	

11
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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
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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 DIE - Multi Family and Twin Villas - (1)	43	43	498	21,414	0	
PARCELS DIE - Multi Family and Twin Villas - (2)	123	123	1,276	156,948	0	
PARCELS DIE - Multi Family and Twin Villas - (3)	27	27	1,005	27,135	0	
PARCELS DIE - Multi Family and Twin Villas - (4)	27	27	1,448	39,096	0	
PARCELS DIE - Single Family 55' - (1)	78	78	654	51,012	0	
PARCELS DIE - Single Family 55' - (2)	126	126	1,276	160,776	0	
PARCELS DIE - Single Family 55' - (3)	46	46	1,004	46,184	0	
PARCELS DIE - Single Family 67' - (1)	97	97	796	77,212	0	
PARCELS DIE - Single Family 67' - (2)	101	101	1,276	128,876	0	
PARCELS DIE - Single Family 67' - (3)	53	53	1,004	53,212	0	
PARCELS DIE - Single Family 67' - (4)	30	30	1,448	43,440	0	
PARCELS DIE - Single Family 67' - (5)	3	3	0	0	0	
PARCELS DIE - Single Family 75' - (1)	57	57	889	50,673	0	
PARCELS DIE - Single Family 75' - (2)	77	77	1,446	111,342	0	
PARCELS DIE - Single Family 75' - (3)	27	27	1,174	31,698	0	
PARCELS DIE - Single Family 75' - (4)	39	39	1,532	59,748	0	
PARCELS DIE - 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	

ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT ANNUAL ASSESSMENT METHODOLOGY - 2018 BOND DEBT SERVICE FISCAL YEAR 2018I2019
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 I 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 25

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

Parcel	
Product Type	Gross
Fiscal Year 2016I2017
On Roll Assessment Per Unit	Gross
Fiscal Year 2017I2018
On Roll Assessment Per Unit	
GL Homes				
A	Townhomes	$382.07	$334.97	
A	40' SF	$470.67	$410.97	
A	40' SF - PO	$38.13	$37.97	
A	45' SF	$490.21	$427.97	
A	52' SF	$517.57	$450.97	
A	52' SF - PO	$38.13	$37.97	
A	62' SF	$563.89	$490.97	

Pulte
B	MF - (2)	$1,548.70	$1,343.78	
B	MF - (3)	$1,233.62	$1,072.78	
B	SF 42' - (1)	$634.54	$555.78	
B	SF 42' - (3)	$1,233.65	$1,072.78	
B	SF 55' - (1)	$827.02	$721.78	
B	SF 55' - (2)	$1,548.65	$1,343.78	
B	SF 55' - (3)	$1,233.58	$1,071.78	
B	SF 67' - (1)	$992.00	$863.78	
B	SF 67' - (2)	$1,548.57	$1,343.78	
B	SF 67' - (3)	$1,233.50	$1,071.78	
B	SF 67' - (4)	$1,748.57	$1,515.78	
B	SF 75' - (1)	$0.00	$0.00	
B	SF 75' - (2)	$1,745.99	$1,513.78	
B	SF 75' - (3)	$1,430.92	$1,241.78	
B	SF 75' - (4)	$1,845.99	$1,599.78	
DIE	MF - (1)	$788.24	$685.91	
DIE	MF - (2)	$1,691.41	$1,463.91	
DIE	MF - (3)	$1,376.34	$1,192.91	
DIE	MF - (4)	$1,891.41	$1,635.91	
DIE	SF 55' - (1)	$969.74	$841.91	
DIE	SF 55' - (2)	$1,691.37	$1,463.91	
DIE	SF 55' - (3)	$1,376.30	$1,191.91	
DIE	SF 67' - (1)	$1,134.72	$983.91	
DIE	SF 67' - (2)	$1,691.29	$1,463.91	
DIE	SF 67' - (3)	$1,376.22	$1,191.91	
DIE	SF 67' - (4)	$1,891.29	$1,635.91	
DIE	SF 67' - (5)	$210.78	$187.91	
DIE	SF 75' - (1)	$1,241.97	$1,076.91	
DIE	SF 75' - (2)	$1,888.71	$1,633.91	
DIE	SF 75' - (3)	$1,573.64	$1,361.91	
DIE	SF 75' - (4)	$1,988.71	$1,719.91	
DIE	SF 75' - (5)	$210.78	$187.91	
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	$763.82	
	C	4 - Plex	$775.72	$763.82	
	C	46' SF	$955.21	$934.27	
	C	52' SF	$1,008.01	$984.41	
	C	67' SF	$1,219.15	$1,184.92	

Others	
DIE	Golf Course	$172,884.84	$149,811.07	
G	Neighborhood Retail	$26,845.75	$23,979.01	
H-1	RetailI Commercial	$14,263.64	$13,031.23	
H-2	RE Office	$3,148.41	$2,749.70	

14	Page 26

RESOLUTION 2018-07

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT MAKING A DETERMINATION OF BENEFIT AND IMPOSING SPECIAL ASSESSMENTS FOR FISCAL YEAR 2018/2019; PROVIDING FOR THE COLLECTION AND ENFORCEMENT OF SPECIAL ASSESSMENTS, INCLUDING BUT NOT LIMITED TO PENALTIES AND INTEREST THEREON; CERTIFYING AN ASSESSMENT ROLL; PROVIDING FOR AMENDMENTS TO THE ASSESSMENT ROLL; PROVIDING A SEVERABILITY CLAUSE; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the Arborwood Community Development District (“District”) is a local unit of special-purpose government established pursuant to Chapter 190, Florida Statutes, for the purpose of providing, operating and maintaining infrastructure improvements, facilities and services to the lands within the District; and

WHEREAS, the District is located in Lee County, Florida (“County”); and

WHEREAS, the District has constructed or acquired various infrastructure improvements and provides certain services in accordance with the District’s adopted capital improvement plan and Chapter 190, Florida Statutes; and

WHEREAS, the Board of Supervisors (“Board”) of the District hereby determines to undertake various operations and maintenance and other activities described in the District’s budget (“Adopted Budget”) for the fiscal year beginning October 1, 2018 and ending September 30, 2019 (“Fiscal Year 2018/2019”), attached hereto as Exhibit “A;” and

WHEREAS, the District must obtain sufficient funds to provide for the operation and maintenance of the services and facilities provided by the District as described in the Adopted Budget; and

WHEREAS, the provision of such services, facilities, and operations is a benefit to lands within the District; and

WHEREAS, Chapter 190, Florida Statutes, provides that the District may impose special assessments on benefitted lands within the District; and

WHEREAS, it is in the best interests of the District to proceed with the imposition of the special assessments for operations and maintenance in the amount set forth in the Adopted Budget; and

WHEREAS, the District has previously levied an assessment for debt service, which the District desires to collect for Fiscal Year 2018/2019; and

Page 27

WHEREAS, Chapter 197, Florida Statutes, provides a mechanism pursuant to which such special assessments may be placed on the tax roll and collected by the local tax collector (“Uniform Method”), and the District has previously authorized the use of the Uniform Method by, among other things, entering into agreements with the Property Appraiser and Tax Collector of the County for that purpose; and

WHEREAS, it is in the best interests of the District to adopt the assessment roll (“Assessment Roll”) attached to this Resolution as Exhibit “B,” and to certify the portion of the Assessment Roll related to certain developed property (“Tax Roll Property”) to the County Tax Collector pursuant to the Uniform Method and to directly collect the portion of the Assessment Roll relating to the remaining property (“Direct Collect Property”), all as set forth in Exhibit “B;” and

WHEREAS, it is in the best interests of the District to permit the District Manager to amend the Assessment Roll adopted herein, including that portion certified to the County Tax Collector by this Resolution, as the Property Appraiser updates the property roll for the County, for such time as authorized by Florida law.

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

SECTION 1. BENEFIT &  ALLOCATION FINDINGS. The provision of the services, facilities, and operations as described in Exhibit “A” confers a special and peculiar benefit to the lands within the District, which benefit exceeds or equals the cost of the assessments. The allocation of the assessments to the specially benefitted lands is shown in Exhibits “A” and “B,” and is hereby found to be fair and reasonable.

SECTION 2. ASSESSMENT IMPOSITION. Pursuant to Chapter 190, Florida Statutes, and using the procedures authorized by Florida law for the levy and collection of special assessments, a special assessment for operation and maintenance is hereby imposed and levied on benefitted lands within the District and in accordance with Exhibits “A” and “B.” The lien of the special assessments for operations and maintenance imposed and levied by this Resolution shall be effective upon passage of this Resolution. Moreover, pursuant to Section 197.3632(4), Florida Statutes, the lien amount shall serve as the “maximum rate” authorized by law for operation and maintenance assessments.

SECTION 3. COLLECTION AND ENFORCEMENT; PENALTIES; INTEREST.

Tax Roll Assessments. The operations and maintenance special assessments and previously levied debt service special assessments imposed on the Tax Roll Property shall be collected at the same time and in the same manner as County taxes in accordance with the Uniform Method, as set forth in Exhibits “A” and “B.”

Direct Bill Assessments. The operations and maintenance special assessments and previously levied debt service special assessments imposed on the Direct Collect

Page 28

Property shall be collected directly by the District in accordance with Florida law, as set forth in Exhibits “A” and “B.” Assessments directly collected by the District are due in full on December 1, 2018; provided, however, that, to the extent permitted by law, the assessments due may be paid in several partial, deferred payments and according to the following schedule: 50% due no later than April 15, 2019 and 50% due no later than September 30, 2019. In the event that an assessment payment is not made in accordance with the schedule stated above, the whole assessment – including any remaining partial, deferred payments for Fiscal Year 2018/2019, shall immediately become due and payable; shall accrue interest, penalties in the amount of one percent (1%) per month, and all costs of collection and enforcement; and shall either be enforced pursuant to a foreclosure action, or, at the District’s sole discretion, collected pursuant to the Uniform Method on a future tax bill, which amount may include penalties, interest, and costs of collection and enforcement. Any prejudgment interest on delinquent assessments shall accrue at the rate of any bonds secured by the assessments, or at the statutory prejudgment interest rate, as applicable. In the event an assessment subject to direct collection by the District shall be delinquent, the District Manager and District Counsel, without further authorization by the Board, may initiate foreclosure proceedings pursuant to Chapter 170, Florida Statutes, or other applicable law to collect and enforce the whole assessment, as set forth herein.

Future Collection Methods. The decision to collect special assessments by any particular method – e.g., on the tax roll or by direct bill – does not mean that such method will be used to collect 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 4. ASSESSMENT ROLL. The Assessment Roll, attached to this Resolution as Exhibit “B,” is hereby certified for collection. That portion of the Assessment Roll which includes the Tax Roll Property is hereby certified to the County Tax Collector and shall be collected by the County Tax Collector in the same manner and time as County taxes. The proceeds therefrom shall be paid to the District.

SECTION 5. ASSESSMENT ROLL AMENDMENT. The District Manager shall keep apprised of all updates made to the County property roll by the Property Appraiser after the date of this Resolution, and shall amend the Assessment Roll in accordance with any such updates, for such time as authorized by Florida law, to the County property roll. After any amendment of the Assessment Roll, the District Manager shall file the updates in the District records.

SECTION 6. 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.

SECTION 7. EFFECTIVE DATE. This Resolution shall take effect upon the passage and adoption of this Resolution by the Board.

Page 29

PASSED AND ADOPTED this 20th day of August, 2018.

ATTEST:	ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT

Secretary / Assistant Secretary

By:  Its: 

Exhibit A:	Budget
Exhibit B:	Assessment Roll (Uniform Method) Assessment Roll (Direct Collect)

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RESOLUTION NO. 2018-08

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT, ESTABLISHING A REGULAR MEETING SCHEDULE FOR FISCAL YEAR 2018/2019 AND SETTING THE TIME AND LOCATION OF SAID DISTRICT MEETINGS; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, it is necessary for the Arborwood Community Development District ("District") to establish a regular meeting schedule for fiscal year 2018/2019; and

WHEREAS, the Board of Supervisors of the District has set a regular meeting schedule, location and time for District meetings for fiscal year 2018/2019 which is attached hereto and made a part hereof as Exhibit “A”.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT, LEE COUNTY, FLORIDA, AS FOLLOWS:

Section 1.       The above recitals are hereby adopted.

Section 2. The regular meeting schedule, time and location for meetings for fiscal year 2018/2019 which is attached hereto as Exhibit “A” is hereby adopted and authorized to be published.

PASSED, ADOPTED and EFFECTIVE this 20th day of August, 2018.

ATTEST:	ARBORWOOD
COMMUNITY DEVELOPMENT DISTRICT

By: 	By: 
Secretary/Assistant Secretary	Chairperson/Vice Chairperson

Page 44

ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2018/2019 REGULAR MEETING SCHEDULE

Regular Meetings of the Board of Supervisors of the Arborwood Community Development District will be held at 9:00 a.m. in the Amenity Center Community Room at Somerset at The Plantation located at 10401 Dartington Drive, Ft. Myers, Florida 33913 on the following dates:

October 15, 2018
November 19, 2018
December 17, 2018
January 21, 2019
February 18, 2019
March 17, 2019
April 21, 2019
May 19, 2019
June 16, 2019
July 21, 2019
August 18, 2019
September 15, 2019

The meetings are open to the public and will be conducted in accordance with the provisions of Florida law for community development districts. The meetings may be continued in progress without additional notice to a time, date, and location stated on the record. Copies of the agenda for these meetings may be obtained from the District’s website or from the District Manager, Special District Services, located at 2501A Burns Road, Palm Beach Gardens, Florida 33410. There may be occasions when one or more Supervisors will participate by telephone.

Pursuant to provisions of the Americans with Disabilities Act, any person requiring special accommodations to participate in these meetings is asked to advise the District Office at least forty-eight (48) hours before the meeting by contacting the District Manager at 561-630-4922 and/or toll free at 1-877-737- 4922. If you are hearing or speech impaired, please contact the Florida Relay Service at 1-800- 955-8770, who can aid you in contacting the District Office.

A person who decides to appeal any decision made at the meeting with respect to any matter considered at a particular meeting is advised that person will need a record of the proceedings and that accordingly, the person may need to ensure that a verbatim record of the proceedings is made including the testimony and evidence upon which the appeal is to be based.

Meetings may be cancelled from time to time without advertised notice.

Kathleen Dailey District Manager
Arborwood Community Development District www.arborwoodcdd.org
PUBLISH: FORT MYERS NEWS-PRESS - 00/00/2018

Page 45

Arborwood Community Development District

Date of Visit:	June 22st, 2018 at 1:00pm
District Manager:	Kathleen Dailey, 941-875-4195, kdailey@sdsinc.o rg Board Vice Chair:	John Hamilton, 214-641-4601, jh.arborwood@gmail.com Address:	11749 Kingsbridge Blvd, Fort Myers, FL 33913
Egis Attendees:		Andrew Boyd, Account Manager; Brent Grimmel, Account Manager; Ryan Rupnarain, Sr. Loss Control Consultant

Visit Overview:
The purpose of the visit on the above referenced date was to allow our team gain a better understanding of the Arborwood Community Development District which has approximately 2467 acres within its boundaries including about 2,500 homes with an anticipated number near 5,000. There are 68 ponds within the district, most of which are within the 6 gated communities which are maintained by
the HOA. The number of ponds owned will increase as they are conveyed to the CDD. The preserves within the community are also owned by the CDD including an off-site panther preserve in Immokalee, FL.
The visit also allowed us to support the CDD’s loss control efforts by identifying any hazards that could lead to accidents and claims and discuss recommendations to remediate any loss producing conditions.
Those recommendations are included in this letter. While we did not have the opportunity to observe all areas owned and/or maintained by the CDD, we feel that the areas we were able to observe are
representative of the general condition of the property. The visit also provided us with an opportunity to review the insured property schedule which is up to date at this time. We would also like to extend our
thanks to the Vice Chairman of the CDD Board, John Hamilton, for taking the time to meet with us, answer our questions, and show us around the district.
Loss Control Observations:
Strengths:

The district is overall very well maintained.
Pond embankments are adequately sloped and controlled for erosion. A pond embankment engineering survey was conducted in April of 2018 and it appears that the majority of issues have been addressed.
HOA responsible for pond maintenance, including fountains, within respective gated communities.

250 International Pkwy, Suite 260 Lake Mary, FL 32746 www.egisadvisors.com

Page 46

Rec. 01 Pond/Wildlife Signage – Consider adding signage to ponds that are adjacent to areas with high pedestrian traffic including sidewalks and trails. Signs may also be added at the entry points to the community. Signage should prohibit swimming, boating, and trespassing, and warn of wildlife in the area such as alligators and snakes. This is an especially important consideration as it was noted that an alligator has been spotted in the pond below adjacent to a sidewalk. An additional measure that may be taken includes informing residents via email, newsletter, or other means of the rules to bear in mind when recreating near ponds. Please refer to the “Living with
Alligators” references that accompanies this letter.	

250 International Pkwy, Suite 260 Lake Mary, FL 32746 www.egisadvisors.com

Page 47

Rec. 02 Preserve Area Signage – During the visit, we observed signage indicating that preserve
areas should not be cleared nor should any dumping be allowed. This is a great best practice and should be a considered addition to all preserve areas. Including “no trespassing” language is also a prudent addition to the signage as it will ensure that residents, guests, and golfers are informed
that entry into the areas for any reason is prohibited.

250 International Pkwy, Suite 260 Lake Mary, FL 32746 www.egisadvisors.com

Page 48

Living with Alligators

Alligators are part of the natural Florida landscape and aquatic ecosystem. Although they may be enjoyable to observe in their natural habitat from a distance, it is important to follow a few simple guidelines to avoid encounters that may pose danger.
It should be assumed that ALL ponds and lakes can potentially have an alligator.
Swimming should be prohibited in all ponds and lakes.
Be alert. Bites may occur when people do not pay close enough attention to their surroundings when near water.
Pets and children should not be allowed to walk near the edge of ponds and lakes as this is the alligator’s natural hunting ground.
Pets and children should also never be unattended near ponds and lakes.
It is illegal to feed or harass alligators per Florida State Statutes. When fed, alligators learn to associate people with food, causing them to overcome their natural fear of people.
Dogs and cats are similar in size to the natural prey of alligators and often attract their interest. Therefore, pets should not be allowed to swim, exercise, or drink in or near waters that may contain alligators.
If you do see an alligator, always give them a respectful distance, leave them alone, and warn others of their presence.
Generally, alligators less than four feet are not large enough to be dangerous unless handled.
However, if you encounter any alligator that you believe poses a threat to people, pets, or
property, the Nuisance Alligator Hotline 866-FWCGATOR (866-392-4286) should be called so that the alligator may be removed.

Page 49

Page 50

Page 51

4983 ROYAL GULF CIRCLE FORT MYERS, FLORIDA 33966
PHONE: (239) 597-0575 FAX: (239) 597-0578 FLORIDA CERTIFICATE OF AUTHORIZATION # LB-6952
PREPARED BY
DONALD G. MILLER, P.S.M. LS 6674

2

3

4

Page 52

		

4983 ROYAL GULF CIRCLE FORT MYERS, FLORIDA 33966
PHONE: (239) 597-0575 FAX: (239) 597-0578 FLORIDA CERTIFICATE OF AUTHORIZATION # LB-6952
PREPARED BY
DONALD G. MILLER, PSM LS 6674

ARBORWOOD  PRESERVE, PHASE 2A

ARBOR  TRACE  DRIVE

BOXELDER WAY

ARBORWOOD  PRESERVE, PHASE 2A

Page 53

		

4983 ROYAL GULF CIRCLE FORT MYERS, FLORIDA 33966
PHONE: (239) 597-0575 FAX: (239) 597-0578 FLORIDA CERTIFICATE OF AUTHORIZATION # LB-6952
PREPARED BY
DONALD G. MILLER, PSM LS 6674

ARBORWOOD  PRESERVE, PHASE 2A

??

ARBORWOOD  PRESERVE, PHASE 2A

SEE SHEET 4

Page 54

		

4983 ROYAL GULF CIRCLE FORT MYERS, FLORIDA 33966
PHONE: (239) 597-0575 FAX: (239) 597-0578 FLORIDA CERTIFICATE OF AUTHORIZATION # LB-6952
PREPARED BY
DONALD G. MILLER, PSM LS 6674

SHEET 3

ARBORWOOD  PRESERVE, PHASE 2A

CIRCLE

ESTATES

HICKORY

ARBORWOOD  PRESERVE, PHASE 2A

ARBORWOOD  PRESERVE, PHASE 2A

Page 55

MORTGAGEE’S CONSENT

The undersigned, as mortgagee under a certain Mortgage, Fixture Filing, Assignment of Leases and Rents and Security Agreement (“Mortgage”) dated the 5th day of December, 2014, recorded in Instrument Number 2014000250718, public records of Lee County, Florida, joins in and consents to the dedication of the lands described on the plat of ARBORWOOD PRESERVE, PHASE 2C, and agrees that in the event of foreclosure of this Mortgage all dedicated areas shall survive and be enforceable.

Dated this	day of	, 2018

WITNESSES:

Name: 
Print Name: 

Name: 
Print Name: 

U.S. BANK NATIONAL ASSOCIATION, a national banking association, as Trustee pursuant to that certain Master Trust Indenture dated as of March 1, 2005, as amended and supplemented from time to time in accordance with its terms between the	ARBORWOOD	COMMUNITY DEVELOPMENT DISTRICT, a local unit of special-purpose government, and Mortgagee pertaining to the Arborwood Community Development District Special Assessment Revenue Bonds, Series 2014A-1, Series 2014A- 2, and Series 2014B

By: 
Print Name:  Title: 

STATE OF   COUNTY OF  

(Seal)

The foregoing instrument was acknowledged before me this 	day of  
 	, 2018, by 	, as 	of U.S. BANK NATIONAL ASSOCIATION, a national banking association, as Trustee pursuant to that certain Master Trust Indenture dated as of March 1, 2005, as amended and supplemented from time to time in accordance with its terms between the ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT, a local unit of special-purpose government, and Mortgagee pertaining to the Arborwood  Community Development District Special Assessment Revenue Bonds, Series 2014A-1, Series 2014A-2, and Series 2014B. He/She      is personally known to me or      has produced  
 	as identification.

My Commission Expires: (AFFIX NOTARY SEAL)

Name: 

(Signature) (Legibly Printed)

Notary Public, State of  

(Commission Number, if any)

115193662.1

Page 56

Arborwood CDD
Arborwood Preserve‐ Parcel C

True Up Agreement for the 2014 Series Bonds Phase 1 Plat

No. of Units Per True Up

ERU's Per 6th Supplemental Special Assessment

Total ERU's Per

No. of Units on Arborwood Preserve Phase 1

Total ERU's Per

Product

 	Agreement 	Report 	Report 	Plat 	Phase 1 Plat 	

6‐plex multifamily	102	0.7	71.4	120	84	
4‐plex multi‐family	168	0.7	117.6	72	50.4	
Single Family‐46'	107	0.87	93.09	62	53.94	
Single Family 52'	267	0.92	245.64	126	115.92	
Single Family‐67'	75	1.12	84	35	39.2	
Totals	719		611.73	415	343.46	

Proposed Phase 2A Plat

No. of Units Per True Up

ERU's Per 6th Supplemental Special Assessment

Total ERU's Per

No. of Units on Arborwood Preserve Phase

Total ERU's Per

Product

 	Agreement 	Report 	Report 	2A Plat 	Phase 2A Plat 	

6‐plex multifamily	102	0.7	71.4	0	0	
4‐plex multi‐family	168	0.7	117.6	0	0	
Single Family‐46'	107	0.87	93.09	0	0	
Single Family 52' (BK K,J &L)	267	0.92	245.64	93	85.56	
Single Family‐67' (BLK: M)	75	1.12	84	44	49.28	
Totals	719		611.73	137	134.84	

Tract FD‐1/FD‐2 & FD‐3‐ Future Development Parcels‐Proposed Plan	Proposed Units
Tract FD‐1‐	4‐plex product	0.7		92	64.4	
Tract FD‐2 (Block N & O)	46' Product	0.87		24	20.88	
Tract FD‐3 (Block P&Q)	46' Product	0.87		41	35.67	
Totals	0		0	157	120.95	

Total ERUs:Plats of Phase 1+ Phase 2A + FD1, FD‐2 & FD‐3(Phase 2A)	599.25	
Delta ERUs	12.48	
Cost Allocation Per ERU = $27,095.29 *	$	338,149.22	

Page 57

8/10/2018	4 Phase 2A Plat‐True Up Worksheets.

Arborwood CDD
Arborwood Preserve‐ Parcel C Series 2014‐ True Up

Unit Counts Per the Arborwood Preserve Phase 1 Plat, Recorded at Inst. # 2015000246323

Unit

Single

Single

Single

Block	Lots

Count

Family 46'  Family 52'  Family 67'  6‐plex MF  4‐plex MF	Notes

A	1 to 20	20		20				

Coach Homes Carriage Homes Carriage Homes Recreational  Facility	
B	1to 23	23		23					
C	1 to 29	29	29						
D	1 to 33	33	33						
E	1 to 36	36		33	3				
F	1 to 25	25		25					
G	1 to 28	28		19	9				
H	1 to 23	23			23				
I	1 to 6	6		6					
									
Tract MF‐1	6‐Plex	120				120			
									
Tract MF‐2	4‐plex	36					36		
									
Tract MF‐3	4‐plex	36					36		
									
Tract CC‐1		0							
Subtotal:		415	62	126	35	120	72		

Unit Counts Per the Arborwood Preserve Phase 2A Plat, Recorded at Inst. # 2018000177984

	Unit	Single	Single	Single		
Block	Lots	Count	Family 46' Family 52' Family 67'  6‐plex MF	4‐plex MF	Notes	

J	1‐42	42		42					
K	1‐15	15		15					
L	1‐36	36		36					
M	1‐36	36			36				
N	1‐8	8			8				
FD‐1	None	92					92	Vacant Platted Tract, Future 4‐plex MF	
FD‐2	None								
FD‐3	None								
Totals		229	0	93	44		92		

See Phase 2C Plat Detail See Phase 2C Plat Detail

Totals Phase 1 & Phase 2A:
		644	62	219	79	120	164	

Unit Counts Per the PROPOSED Arborwood Preserve Phase 2C Plat,

Unit	Single	Single	Single
Block	Lots	Count	Family 46'  Family 52'  Family 67'  6‐plex MF  4‐plex MF	Notes	
O	1‐9	9			9			Replat of Tract FD‐2 Replatof Tract FD‐2 Replat of Tract FD‐3 Replat of Tract FD‐3	
P	1‐9	9			9				
Q	1‐20	20			20				
R	1‐12	12			12				
Subtotal	50	50

Totals Phase 1 , Phase 2A & Phase 2C:	
		694	62	219	129	120	164		

Page 58

8/10/2018	4 Phase 2A Plat‐True Up Worksheets.

Arborwood CDD
Arborwood Preserve‐ Parcel C

True Up Agreement for the 2014 Series Bonds Phase 1 Plan

No. of Units Per True Up

ERU's Per 6th Supplemental Special Assessment

Total ERU's Per

No. of Units on Arborwood Preserve Phase 1

Total ERU's Per

Product

Agreement

Report

Report

Plat

Phase 1 Plat

6‐plex multifamily	102	0.7	71.4	120	84
4‐plex multi‐family	168	0.7	117.6	72	50.4
Single Family‐46'	107	0.87	93.09	62	53.94
Single Family 52'	267	0.92	245.64	126	115.92

719		611.73	415	343.46	

Single Family‐67'	75	1.12	84	35	39.2

Totals

Actual Phase 1 and Phase 2A Plat	

Recorded			
		ERU's Per 6th		
		Supplemental		
		Special			Total ERU's Per	
	No. of Units Per	Assessment	No. of ERUs	No. of ERUs per	Phase 1 & 2 A	
Product	Recorded Plats	Report	Phase 1 Plat	Phase 2A Plat	Plat	
6‐plex multifamily	120	0.7	84	0	84	
4‐plex multi‐family	72	0.7	50.4	0	50.4	
Single Family‐46'	62	0.87	53.94	0	53.94	
Single Family 52'	219	0.92	115.92	85.56	201.48	
Single Family‐67'	79	1.12	39.2	49.28	88.48	
Totals	552		343.46	134.84	478.3	
		
ERU's Per 6th				
		Supplemental				
		Special	No. of ERUs		No. of ERUs	
	No. of Units Per	Assessment	Proposed Phase		Proposed Phase	
Proposed Phase 2C Plat:	Proposed Plat	Report	2C		2C	
Replat of Tract FD‐2 ( 67'						
Product)	18	1.12	20.16		20.16	
Replat of Tract FD‐3 ( 67'						
Product)	32	1.12	35.84		35.84	
Totals	50		56	0	56	

Proposed FD‐1 ‐Future Development 		
4‐plex multi‐family	92	0.7	64.4		64.4	
Total ERUs:Plats of Phase 1+ Phase 2A + Proposed Phase C + Proposed FD1		598.7	
Delta ERUs (Base ERU's at 611.73)		13.03	
True Up Cost Allocation Per ERU = $27,095.29 *		$	353,051.63	

Page 59

8/10/2018	4 Phase 2A Plat‐True Up Worksheets.

0	150'	300'	600'

36	1

25	1	28

WESTLINKS DR

1	9	10

15	36

1	8	9	1
8	2

9     10

BLOCK Q 11 12  13

14  15

16  17  18  19  20

35	2
34	3

2
24	3

27	2

8	11

14	35
13	34

2	7	8

BLOCK M

BLOCK O

BLOCK P

7	3

23	4

26	3

12	33

4    3	6	4	7

6      5    4     3

33	4
32	5
31	6
30

22	5
21	6
20	7

25	4
24	5

7	12

11	32
10	31
9	30

16    15    14   13   12  11   10    9	7    6      5	6

5

8

5
17	5
4	4	6

6	5	7
4	8
3

BLOCK R	2   1

7
29	8
28	9

19	8
18	9
17	10

23	6
22	7
21	8

6	13

5	14

8	29
7	28
6	27

18
21
19      20

22   23  24  25

26   27   28   29

31     32	3	7

30

33	3
2	8
34	2
1	9
35

9
2	10
1	11

PHASE 2C

27
10	11
26	11   12  13 14  15   16
25	12
24	13 14
23

 	    PHASE 1	 	
20	9	 	 	4	15
10
16

5	26
4	25
3	24
2	23

PHASE 2A

1	36
3     2
6   5   4
7

1

32 33 34

12

35 36 37 38  39 40 41  42	1

22 21  20 19

18  17 16

14

15
13
12
11

15   16   17  18   19

4

11

12	 
13

3

2	17

1	22 21
20
19
1

18  17  16  15 14

13 12

9   8
11 10

22 23

26
24 25

28 29
27

30 31

2	23

GATEWAY GREENS DR

33 32 31 30 29 28 27 26 25

24 23 22

21 20

19 18

17 16

10  9    8    7    6   5

15 14

14
3	15
16
2	17
1	18

1

19    20   21   22   23

18	6
5
4
2  3
1

2
3
4   5
6   7   8

9  10  11   12

13 14 15

18 19

17

16

20 21

10

11	9
8
12

3	22

4	21
5	20
6
7	19
18

PHASE 2B

29 28 27

25 24 23 22 21

20

26

19 18

17 16

15 14

13  12  11 10 9   8   7   6

5

4  3
2  1

AMENITY CENTER

9
2	3	4	5	10
6	7	8

17
13	16
14	15

47
48	46

45  44   43   42

41  40  39  38

37 36  35   34   33   32

31  30   29

28   27   26

25   24

21

23   22

16

20  19   18    17
21
15
14

13 12  11   10	9

13 12 11

10  9   8

7   6   5

1
2

4   3  2
1
1
2
3
4
5
6

9.4 AC

1

19	18
20

11

15

17	16	12
14	13

8	20

19  18 17

12  11  10 9	8

14 13

16 15
7

23
24	20 19  18  17  16  15
25

14  13  12   11	8

7

10
9    8   7      6
6

8   7     6    5   4   3	7
9	8
10	9

7	21
6	22
5	23
4	24
2	25
3	26
1	27

28   29 30 31

32 33

6
5
4
3
2
34  35 36	1

26
27
28
29
30
31    32

LIFT STATION	5
PHASE 3	4
3
2

1
33 34 35 36 37 38  39 40 41 42 43  44 45 46 47  48

5
4
3
2
1	23 22 21 20 19  18  17

11
12	16
13	17
14	18
16  15	19
20

15  14 13  12  11  10

50'

60'

20' LME

20' LME

5'

5'

20'

REAR LOT LINE

20'

ACCESSORY SETBACK

PRINCIPAL SETBACK

5'

40'

5'

5'

50'

5'

142.5'	142.5'

BUILDING ENVELOPE
117.5'	117.5'

20'

ROW

 	       ROW 	 
20' FRONT ENTRANCE GARAGE

15' SIDE ENTRY GARAGE

52'

62'

20' LME	20' LME
3'	3'

UNIT COUNT BREAKDOWN

COLOR	LOT SIZE	PHASE 1	PHASE 2A	PHASE 2B	PHASE 2C	PHASE 3	TOTAL

10'

REAR LOT LINE ACCESSORY SETBACK

10'

4-PLEX	18 BUILDINGS X 4
= 72

0	23 BUILDINGS X 4
= 92

0	0	41 BUILDINGS X 4
= 164

PRINCIPAL SETBACK

6-PLEX	20 BUILDINGS X 6
= 120

0	0	0	0	20 BUILDINGS X 6
= 120

132'

6'	40'

6'

109.0'

BUILDING ENVELOPE

6'	50'

6'

109.0'

132'

67' LOTS	35	0	0	0	0	35
62' LOTS	0	44	0	50	0	94
60' LOTS	0	0	0	0	40	40
52' LOTS	126	93	0	0	0	219
50' LOTS	0	0	0	0	100	100
46' LOTS	62	0	0	0	0	62
GRAND TOTAL	415 UNITS	137 UNITS	92 UNITS	50 UNITS	140 UNITS	834 UNITS

20'

20'

 	 	

PHASE 3  TYPICAL 50' LOT

PHASE 3 / BLOCKS R, S, T, & U

REFERENCE ADD2016-00170 LEE COUNTY EPLAN FOR APPROVED ORDINANCE/DEVIATIONS

PHASE 3  TYPICAL 60' LOT

ROW	 

PHASE 2  TYPICAL 52' LOT

 	ROW 	 	 

PHASE 2  TYPICAL 62' LOT

CLIENT:

6610 Willow Park Drive, Suite 200
Naples, Florida 34109
(239) 597-0575 FAX: (239) 597-0578
www.consult-rwa.com Florida Certificates of Authorization
EB 7663	LB 6952
LENNAR HOMES

DEVIATION 1: RELIEF FROM SECTION 6.05.05.C.1.B.1 OF THE GATEWAY PUD ORDINANCE NUMBER 85-15, AS AMENDED, WHICH REQUIRES FRONT YARD SETBACK OF 20 FEET FOR A SINGLE FAMILY RESIDENCE TO ALLOW A FRONT YARD SETBACK OF 15 FEET FOR HOMES WITH SIDE ENTRY GARAGES.

DEVIATION 2: RELIEF FROM SECTION 6.05.05.C.1.B.2 OF GATEWAY PUD ORDINANCE NUMBER 85-15, AS AMENDED, WHICH REQUIRED A 7 FOOT SIDE YARD  SETBACK FOR SINGLE FAMILY RESIDENCE TO ALLOW FOR A 5 FOOT SIDE YARD SETBACK.

TITLE:

SITE PLAN OPTION #9

REVISED LOT SIZING FOR BLOCH H LOTS 19 TO 24 REVISED LOT SIZING FOR BLOCH H LOTS 19 TO 24 REVISED LOT SIZING FOR PHASES 2B AND 3 REVISED LOT SIZING FOR BLOCK H LOTS 19 TO 24

05/14/18
04/25/18
03/21/18
03/13/18

PROJECT:

PROJECT NO.:

ARBORWOOD PRESERVE

FILE NAME:

K:\2014\140022.00.02 ARBORWOOD PARCEL C - MASTER PLAN DESIGN\003 PRELIMINARY SITE PLANNING\SITE PLANNING\2018-05-14 1400220002X SP09.DWG

140022.00.02	2018-05-14 1400220002X SP08
Page 60

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

Income

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

01-3100 · O & M Assessments (On-Roll)	359,013.52		337,632.00		21,381.52		106.33%	
01-3301 · O&M Assessments-Off Roll-Pulte	19,037.00		43,626.00		-24,589.00		43.64%	
01-3814 · Debt Assessments-2005-2-Master	2,109,702.75		1,929,686.00		180,016.75		109.33%	
01-3816 · Debt Assessments (2006A-2)	24,789.70		24,800.00		-10.30		99.96%	
01-3817 · Debt Assessments (2006A-3)	802,739.60		802,726.00		13.60		100.0%	
01-3818 · Debt Assessments (2014A-1)	291,699.80		220,728.00		70,971.80		132.15%	
01-3824 · Dbt Asses-To Trustee-05-2-Mastr	-2,031,687.45		-2,123,539.00		91,851.55		95.68%	
01-3826 · Debt Asses-Pd To Trustee-2006A2	-23,820.55		-22,862.00		-958.55		104.19%	
01-3827 · Debt Asses-Pd To Trustee-2006A3	-771,353.30		-754,563.00		-16,790.30		102.23%	
01-3829 · Debt Asses-Pd To Trustee-2014A1	-280,294.65		-1,209,995.00		929,700.35		23.17%	
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%	
01-3913 · Debt Asmnts-05A2-Off Roll-Pulte	4,472.00		1,312,145.00		-1,307,673.00		0.34%	
Total Income	364,030.40		501,449.00		-137,418.60		72.6%	
Expense								
01-1130 · Payroll Tax Expense	596.70		912.00		-315.30		65.43%	
01-1131 · Supervisor Fees	7,800.00		12,000.00		-4,200.00		65.0%	
01-1310 · Engineering	37,135.61		40,000.00		-2,864.39		92.84%	
01-1311 · Management Fees	28,926.60		34,712.00		-5,785.40		83.33%	
01-1313 · Website Management	1,250.00		1,500.00		-250.00		83.33%	
01-1315 · Legal Fees	18,951.21		45,000.00		-26,048.79		42.11%	
01-1318 · Assessment/Tax Roll	0.00		5,000.00		-5,000.00		0.0%	
01-1320 · Audit Fees	5,350.00		5,700.00		-350.00		93.86%	
01-1330 · Arbitrage Rebate Fee	3,350.00		4,000.00		-650.00		83.75%	
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	7,333.80		5,500.00		1,833.80		133.34%	
01-1512 · Miscellaneous	2,087.16		3,000.00		-912.84		69.57%	
01-1513 · Postage and Delivery	1,423.62		1,000.00		423.62		142.36%	
01-1514 · Office Supplies	3,138.47		2,500.00		638.47		125.54%	
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	4,000.00		5,000.00		-1,000.00		80.0%	
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	121.06		2,000.00		-1,878.94		6.05%	
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%	

Page 61

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

	Oct '17 - Jul 18		Budget		$ Over Budget		% of Budget	
01-1819 · Wetland Monitoring (Passarella)	8,571.02		15,000.00		-6,428.98		57.14%	
01-1820 · Off-Site Miti Maint (Panther)	55,568.54		84,000.00		-28,431.46		66.15%	
01-1821 · Miti Maintenance (Parcel C)	0.00		5,000.00		-5,000.00		0.0%	
01-1822 · Street Lighting - Utility	20,275.71		15,000.00		5,275.71		135.17%	
01-1824 · Field Inspector (Somerset Only)	12,130.96		35,000.00		-22,869.04		34.66%	
01-1825 · Lake Maintenance-Somerset Only	26,873.00		50,000.00		-23,127.00		53.75%	
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	291,783.69		500,999.00		-209,215.31		58.24%	
Net Income	72,246.71		450.00		71,796.71		16,054.82%	

Bank Balance As Of 7/31/18	$	311,338.56	
Accounts Payable As Of 7/31/18	$	16,619.04	
Other Assets As Of 7/31/18	$	900.00	
Total Fund Balance As Of 7/31/18	$	295,619.52	

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