ARBORWOOD COMMUNITY DEVELOPMENT
DISTRICT

LEE COUNTY REGULAR BOARD MEETING
JULY 16, 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 July 16, 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
June 11, 2018 Special Board Meeting Minutes………………………………………………….....Page 3
Old Business
Discussion and Approval of Changes Regarding Fiscal Year 2018/2019 Proposed Budget............Page 8
Update on Street Lighting Project
Update on Somerset Preserve Activity
New Business
Consider Approval of Woods & Wetlands Somerset Exotic Removal.............................................Page 24 2. Consider Approval of Fountain Specifications.................................................................................Page 26
3. Discussion Regarding Pond/Preserve Water Levels
Administrative Matters
Manager’s Report
Engineer Report
Field Inspectors Report
Board Members Comments
Adjourn

News-Press, The
July 3, 2018 Miscellaneous Notices

NOTICE OF MEETING ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT The
Board of Supervisors of the Arborwood Community Development District will hold a Board Meeting on July 16, 2018, at 9:00 a.m. at the Amenity Center Community Room located at Somerset at The Plantation, 10401 Dartington Drive, Fort Myers, Florida 33913. The Board Meeting is open to the public and will be conducted in accordance with the provisions of Florida law for community development districts. The meeting may be continued in progress without additional notice to a time, date, and location stated on the record. A copy of the agenda for the meeting may be obtained from the District's website or by contacting the District Manager, Special District Services, located at
27499 Riverview Center Blvd., #253, Bonita Springs, Florida 34134. 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 this Board Meeting is asked to advise the District Office at least forty-eight (48) hours before the meeting by contacting the District Manager at (239) 444-5790. 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 the 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 AD# 3010185 July 3, 2018

Page 1

ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT SPECIAL BOARD MEETING
JUNE 11, 2018

CALL TO ORDER

The June 11, 2018, Special 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 Special Board Meeting had been published in the Fort Myers News-Press on June 1, 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	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 telephone)	Hopping Green & Sams, P.A.	
District Engineer	Josh Evans	JR Evans Engineering	
Field Inspector	Bohdan Hirniak		

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

ADDITIONS OR DELETIONS TO THE AGENDA

Ms. Dailey requested, and it was the consensus of the Board, to take the budget, the Field Inspector’s Report and Item H1 regarding the Fountain first, before other items. Those items were considered next.

COMMENTS FROM THE PUBLIC FOR ITEMS NOT ON THE AGENDA

Page 1 of 6

Page 2

ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT SPECIAL BOARD MEETING
JUNE 11, 2018

Mr. Aycock asked about the monitoring of the control structures that had been brought up at the previous meeting. Mr. Evans advised that he would report on this matter under his Engineer’s Report.

APPROVAL OF MINUTES
May 21, 2018, Regular Board Meeting

The May 21, 2018, Regular Board Meeting minutes were presented for approval. Mr. Haber indicated that he was present at the meeting, not over the telephone.
Mr. Hammond had the following revisions: Add “without notice” to the 3rd line under H4 regarding the budget “…the budget cannot be increased without notice…” He also stated that in H2 the first sentence had “accidentally” in the wrong place. The sentence should read “Jeff Gordish advised that he had sent a letter to the regarding accidental invasive and dead plant removal…” the next line should read “He stated that the HOA (not development) was committed to working with the CDD…”

Mr. Hamilton stated that under Item “E” the word “Botanical” should be “Botanica.” Mr. Carr stated that the first line under Item “J” should be “role” not roll
A motion was made by Mr. Hamilton, seconded by Mr. Franz and passed unanimously approving the May 21, 2018, Regular Board Meeting minutes, as amended.

OLD BUSINESS
Update on Street Lighting Project

There was no update on this item.

NEW BUSINESS
Update on Approval of Agreement and Easement with Golf Course Regarding Fountain

Mr. Haber indicated that per the discussion at the last meeting, the financials of Hampton Golf are not exempt from public record, so Hampton Golf has offered a performance bond instead of providing such in the amount of $50,000.  Ms. Abdulghani stated that the fountain was valued at
$20,000, so they feel the bond is in a sufficient amount. She further stated that Travelers Insurance would provide the bond and certificate of liability insurance. There was discussion if the bond would be perpetual or annual and Ms. Abdulghani indicated that she would provide a document where the configuration is perpetual and covers all obligations. Mr. Hamilton noted that a 60-day notice should be given if the bond is ever going away.

A motion was made by Mr. Franz, seconded by Mr. Carr and passed unanimously authorizing Mr. Hamilton to sign the agreement on behalf of the District, subject to Mr. Haber’s approval.

Page 2 of 6

Page 3

ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT SPECIAL BOARD MEETING
JUNE 11, 2018

Update on Somerset Preserve Activity

Mr. Haber advised that it had been determined that the HOA’s removal was in an area that is a substantial issue and that they indicated they would make whole working with Mike Myers and Mr. Evans and the appropriate agencies. Mr. Evans added that the clearing was of dead tree material as opposed to removing live material, as was done on the golf course. Mr. Hammond noted that all costs should be borne by the Somerset HOA. Mr. Haber indicated that a formal agreement should be entered into with Somerset so that the District does not spend any funds on this matter. There was a consensus of the Board to have Mr. Myers look into the issue and determine the appropriate course of action and have Mr. Haber develop an agreement with Somerset regarding costs.

Update on Environmental Budget and Mitigation Parcels

Mr. Myers advised this was covered under the budget. There was discussion on the various parcels and Mr. Myers stated he could get the Board a map that identifies the preserves and acreage.

Consider Resolution No. 2018-05 – Adopting a Fiscal Year 2018/2019 Proposed Budget

Resolution No. 2018-05 was presented, entitled:

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.

Mr. McElligott advised that he had added flow way maintenance to the budget for Somerset and went over the O&M expenses that were going up, which require notices. There was discussion that the flow way should be charged to the overall development. Regarding the increase in assessments, Mr. Hammond asked for the amount of the assessments going up. Mr. McElligott responded that it was a total of approximately $30,000 which equates to $4 to $5 per unit. There was discussion on lowering the budget so that notices would not need to be mailed. Mr. Haber stated that the Board could approve the proposed budget today and amend it at the next meeting so that notices would not need to be sent out. Mr. McElligott stated that the Board was currently under budget in every line item. Mr. Hammond noted that it seemed logical that adjustments could be made to the maintenance and engineering line items, so that notices do not need to be sent to anyone except for Parcel C.   There was a consensus to do so.   Mr. McElligott suggested a

Page 3 of 6

Page 4

ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT SPECIAL BOARD MEETING
JUNE 11, 2018

conference call with himself, Mike Myers, Mr. Evans and Mr. Hammond to go over where to make cuts and Mr. Hammond added that if Board Members have any specific cuts, that they should send those to Mr. McElligott.

Mr. McElligott then excused himself from the meeting due to a prior commitment.

Mr. Hamilton stated that he was disappointed in the budget process, as it was not fair to the residents that the input from SDS was for only 45 minutes. He added that he felt that notes should had been given to the Board regarding the process as well as a narrative giving input on the various line items. Mr. Franz added that details for the budget should have been footnoted. Mr. Hammond advised that he would call SDS about the process, as he felt there were too many loose ends and lack of attention to detail for this stage of the budget.

A motion was made by Mrs. Pattison, seconded by Mr. Franz and passed unanimously to adopt Resolution No. 2018-05, and for staff to continue to look for ways to decrease the various line items, so that assessments do not increase; setting the Public Hearing for August 20, 2018.

Consider Approval of WCI Plat and True-Up Abeyance

David Caldwell of Lennar stated that Phases 2b and 2c plats are not ready for consideration. He stated that an additional $14,902 was owed, due to a change in ERUs, for a total of $353,051. He asked the Board to consider an abeyance of this true-up payment. Mr. Hammond stated that Pulte had made their true-up payments and asked how this would be different. Mr. Haber stated that the agreement with Lennar contemplates the Board’s authority to authorize an abeyance where Pulte contractually was not entitled to an abeyance. He indicated in this case the Board has the right to grant it, but is not obligated to do so. There was general discussion on the unit counts and how much it can change. Mr. Hamilton asked if there was any financial risk to the District and Mr. Haber stated that if there are not enough properties and the developers default, it would adversely impact the bond holders. Mr. Hamilton indicated that he did not see any substantial reason to do this and Mr. Hammond added that Pulte did the same thing and gave us the check

A motion was made by Mr. Hamilton, seconded by Mr. Franz and passed unanimously denying the request to hold the true-up payment of Lennar in abeyance.

Discussion Regarding Additional Light Shields

Ms. Dailey advised that a request had been received from residents in Marina By for additional light shields. Mr. Hammond stated that the residences did not exist when the lights were put in. He added that Norm Trebilcock had visited with the residents and felt the shields were warranted at a cost of $5,400 for 18 locations. Mr. Carr stated that the shields should be placed on three sides and not just the back. It was the consensus of the Board that Mr. Carr coordinate the project with Norm Trebilcock.

A motion was made by Mr. Hamilton, seconded by Mrs. Pattison and unanimously passed to do the project and make sure three sides are covered.

Page 4 of 6

Page 5

ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT SPECIAL BOARD MEETING
JUNE 11, 2018

ADMINISTRATIVE MATTERS
Manager’s Report

Ms. Dailey reminded the Board that the next meeting was scheduled for July 16, 2018. Mr. Hammond noted that he would participate by telephone.

Engineer’s Report

Mr. Evans stated that the subaqueous pipe inspection was under contract and will begin next week.

He stated that he had contacted Pulte regarding lake bank restorations before turnover, but has not yet heard back from them.

Regarding Pulte installing bulk heads in a lake and not notifying the Board, Mr. Evans indicated that they have completed the project, so he has asked them to provide surveys that they did not cause siltation.

Regarding Mr. Aycock’s question regarding control structures, he stated that he and Mr. Haber had discussed and confirmed that the permit obligated the HOA to maintain the outfall.

Field Inspector Report

Mr. Hirniak advised that the previous proposal from Clarke to spray the flow way was reasonable and he does not recommend bringing in another contractor, as we would need to bid the entire contract. He recommended the Board authorize one event and future events could be considered at another time, since time is of the essence.

A motion was made by Mrs. Pattison, seconded by Mr. Hamilton and passed unanimously authorizing Clarke to do a one-time spraying of the flow way at a cost of $2,265.

Mr. Hirniak noted that two of the lakes were having problems and were turning green, as plankton had developed. He indicated that they are back to normal after Clarke’s treatment. Mr. Hirniak noted that there was excessive algae and odor near the 4th green on the golf course and that Clarke was spraying, but the irrigation pump is causing the odor. He noted, in general, that all the lake levels are increasing due to the rains.

Mr. Hirniak indicated that all the lakes have different sets of numbers between Clarke, Mr. Evans and the developer. Mr. Evans stated that it can difficult with no consistent numbering.

BOARD MEMBER COMMENTS

There were no comments from the Board Members.

ADJOURNMENT

Page 5 of 6

Page 6

ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT SPECIAL BOARD MEETING
JUNE 11, 2018

There being no further business to come before the Board, a motion was made by Mr. Carr, seconded by Mr. Franz and passed unanimously to adjourn the Special Board Meeting at 11:45 a.m.

 	
Secretary/Assistant Secretary	Chair/Vice-Chair

Page 6 of 6

Page 7

Arborwood Community Development District

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

Page 8

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 9

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

REVENUES 	
GENERAL FUND ON ROLL ASSESSMENT	 	TOTAL 	
340,866	
GENERAL FUND DIRECT BILL ASSESSMENT - PULTE	9,955	
GENERAL FUND DIRECT BILL ASSESSMENT - GL HOMES	365	
GENERAL FUND DIRECT BILL ASSESSMENT - WCI	23,477	
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 		  $	4,459,051	
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)

$	3,958,023

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

$	125,955

DISCOUNTS FOR EARLY PAYMENTS	(125,955)

NET EXCESS I (SHORTFALL)	$	-

1	Page 10

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

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

REVENUES 	
GENERAL FUND ON ROLL ASSESSMENT	
340,866	
0	
0	
0	
340,866	
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	23,477	0	0	0	23,477	
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 		  $	514,663	  $ 599,872   $ 690,000	  $	2,654,515	  $   4,459,051	
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)		

$	13,635		
$ 599,872	
$ 690,000		

$	2,654,515		

$   3,958,023	

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

$	13,635

$   11,079   $	-	$

101,241	$

125,955

DISCOUNTS FOR EARLY PAYMENTS	(13,635)	(11,079)	-	(101,241)	(125,955)

NET EXCESS I (SHORTFALL)

$	-	$

-	$	-	$

-	$	-

2	Page 11

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		340,866		3,234	

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		23,477		6,383	

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		$	4,459,051			

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		$	3,958,023			

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		$	125,955			

DISCOUNTS FOR EARLY PAYMENTS		(111,620)		(132,623)		(125,955)		6,667	
									
NET EXCESS I (SHORTFALL)		$	(56,938)		$	450		$	0			

*   Un-audited figures

Page 12
3

PROPOSED 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		340,866	
DIRECT BILL ASSESSMENTS - PULTE		10,940		9,955	
DIRECT BILL ASSESSMENTS - GL HOMES		15,591		365	
DIRECT BILL ASSESSMENTS - WCI		17,094		23,477	
INTEREST INCOME		0		0	
OTHER INCOME I CARRYOVER BALANCE		140,000		140,000	
Total Revenues		$	521,257		$	514,663	

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		$	13,635	

DISCOUNTS FOR EARLY PAYMENTS		
(13,505)		
(13,635)	
NET EXCESS I (SHORTFALL)		$	-		$	-	

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

4	Page 13

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 	

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 14

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	
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 15

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 16

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 17

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	1,467.34	16,843.72	
C	4 - plex	72	4,402.02	50,531.16	
C	46' SF	62	3,790.63	54,081.03	
C	52' SF	126	7,703.53	116,223.54	
C	67' SF	35	2,139.87	39,302.08	
Total		319	19,503	276,982	

 	
ON ROLL GROSS PER UNIT TOTAL

$	762.96
$	762.96
$	933.41
$	983.55
$	1,184.06

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	4,578.10	52,552.89	
C	4 - plex	96	5,634.58	64,680.68	
C	46' SF	45	2,641.21	37,681.81	
C	52' SF	141	8,275.79	124,855.14	
C	67' SF	40	2,347.74	43,120.42	
Total		400	23,477	322,891	

9	Page 18

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 19

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	719	$	35.05	$	36.51	
Total Residential Land Uses	2,269.77	93.76%	$	220,278	4,143	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	719	$	23.64	$	24.63	

11
Page 20

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 21

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 22

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	$762.96	
	C	4 - Plex	$775.72	$762.96	
	C	46' SF	$955.21	$933.41	
	C	52' SF	$1,008.01	$983.55	
	C	67' SF	$1,219.15	$1,184.06	

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	

Page 23
14

Page 24

TREELINE AVE	

	
	   	
	  	
	    	
	   	
	    	
	   	
	 	
	     	
	  	
	     	
	  	
	  	
	CA-5      	

	
	    	
	   	
	       	
	     	
	          	
	      	
	   	
	 	
	    	
	   	
	  	
	     	
	     	
	     	
REVISIONS	DATE	DRAWN BY	DATE
W.C.,C.M.	8/11/04	13620 Metropolis Avenue
Suite 200
Fort Myers, Florida 33912 Phone (239) 274-0067
Fax (239) 274-0069		SOMERSET AT THE PLANTATION, FKA ARBORWOOD PARCELS D AND E
CONSERVATION  AREAS	DRAWING No.

02WCO749	
Added CA numbers	12/28/17						
		DESIGNED BY	DATE
D.H.	8/11/04					
						SHEET No.

FIGURE 1	
		REVIEWED BY	DATE
K.C.P.	8/11/04					

SCALE: 1" = 800'





CA-5

CA-10

CA-11

CA-12

CA-8

Melaleuca, Earleaf acacia, Java plum

CA-13

CA-14







CA-9

CA-7

Mostly Brazilian pepper along edge



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

CA-15

CA-16

CA-17




CA-6

Page 25

Page 26

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