ARBORWOOD COMMUNITY DEVELOPMENT
DISTRICT

LEE COUNTY REGULAR BOARD MEETING
NOVEMBER 12, 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
November 12, 2018
9:00 a.m.

A.   Call to Order
B.	Proof of Publication……………………………………………………………………………………..Page 1
Seat New Board Members
Administer Oath of Office & Review Board Member Responsibilities and Duties
Establish Quorum
Election of Officers
Chairman
Vice Chairman
Secretary/Treasurer
Assistant Secretaries
Additions or Deletions to Agenda
Comments from the Public for Items Not on the Agenda
Approval of Minutes
1. September 17, 2018 Regular Board Meeting....................................................................................Page 2
Old Business
New Business
Consider Approval of Revised Agreement Regarding Sign Maintenance........................................Page 7
Consideration of Street Light Project
Scope of Project
Update from City of Ft. Myers
Method of Procurement
Discussion Regarding Adding Maintenance of the Golf Course Pond
Consider Resolution No. 2018-10 – Adopting a Fiscal Year 2017/2018 Amended Budget.............Page 26 5. Annual Audit – Consider and Approve 2-Year Renewal Option......................................................Page 33
Administrative Matters
Manager’s Report
a.   Financials.................................................................................................................................Page 34
Engineer Report
Field Inspectors Report
Board Members Comments
Adjourn

Page 1

ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT REGULAR BOARD MEETING
SEPTEMBER 17, 2018

CALL TO ORDER

The September 17, 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 September 29, 2017, 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 (via phone)	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	JR Evans Engineering	
Field Inspector	Bohdan Hirniak		

Others present were: Mike Myers of Passarella & Associates; Norm Trebilcock of Trebilcock & Associates; and the following District residents: Frank Brown, Stephen Tiscione, Jack Aycock, Jeff Gordish and Chris Anderson.

ADDITIONS OR DELETIONS TO THE AGENDA

Mr. Hamilton requested that Ms. Dailey give an update on insurance coverage under her report.

COMMENTS FROM THE PUBLIC FOR ITEMS NOT ON THE AGENDA

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

APPROVAL OF MINUTES
August 20, 2018, Public Hearing & Regular Board Meeting

The August 20, 2018, Public Hearing & Regular Board Meeting minutes were presented for approval. Mr. Hamilton noted under Item J-2 that it was he that left the meeting at 10:12 a.m., not Mr. Evans.
A motion was made by Mr. Hamilton, seconded by Mr. Carr and passed unanimously approving the August 20, 2018, Public Hearing & Regular Board Meeting minutes, as amended.

OLD BUSINESS
Direction on Street Lighting Project

Mr. Hammond gave a summary of the project and stated that it was his recommendation to
move forward with the completion of lighting on Plantation Gardens Parkway and Commerce Lakes Drive as well as the installation of additional lights  on Treeline Avenue at the entrance
to Marina Bay.  He stated that it is the District’s understanding that the City of Fort Myers, upon project completion will accept ownership of the street lights including operating and maintenance responsibility. He suggested that we would need a firm commitment from the City
before the start of the project. He explained that the balance of the reserve account for this project which was established as part of the Bond Refunding is approximately $608,000. If not
used for this project the balance of the reserve account would be used to make a prepayment on the bonds which would reduce annual assessments on average by about $15.

Mr. Trebilcock indicated that he designed the lighting and there had been previous questions regarding the possibility of eliminating some of the fixtures. He explained that the system had been designed to current lighting design standards and the City is against any changes from these standards. He opined that the City would be comfortable with the turnover, if done at these appropriate light levels.

Mr. Franz asked what the current budget was for lighting maintenance. Mr. Hammond responded that it is roughly $25,000 to cover electricity, maintenance and insurance. There was general discussion about including the lights on Treeline. Mr. Hammond explained that adding the lights at Treeline puts about 10 fixtures at the Marina Bay entrance and felt that the County may take responsibility, when traffic volumes support them doing so. Mr. Hamilton suggested an agreement with the County that doing Treeline completes our portion of the project. Mr. Hammond stated that the Marina Bay entrance did not exist when the District first considered a lighting project in 2013, but feels it is proper to include them. There was considerable discussion regarding the inclusion of the Marina Bay entrance. Mr. Hamilton stated that it appears the public outcry for the lights at Marina Bay should be made to the County, not the CDD. Mr. Carr pointed out that there is a distinction between the City and the County and he likes the addition of Marina Bay as an alternative since it was not originally contemplated and there is not a clear turnover, as there is with the City. Mr. Haber opined that the original engineering report made the street lights optional and as the Board has listened to the benefits and downsides, they have determined the scope of the project.

Mr. Hammond asked Mr. Trebilcock to review the conditions including traffic volumes under which Lee County would potentially take responsibility for the street lights on Treeline Avenue
in the future.  Mr Hammond asked about the cost of the Marina Bay lights.  Mr. Tebilcock replied that it was approximately $100,000. After additional discussion the Board by consensus decided to defer action on the Marina Bay Portion of the project.

A motion was made by Mr. Hamilton, seconded by Mrs. Pattison and passed unanimously

authorizing Mr. Tebilcock to submit a permit application to the City, for staff to work out a recommended bidding approach and obtain a proposed agreement from the City.

Mr. Hammond stated that this would give the Board additional information needed to make a final decision.

Update on Sign Maintenance

Mr. Haber stated that the form of agreement had been sent to Pulte, who is still reviewing the document.

NEW BUSINESS
Consider Resolution No. 2018-09 – Adopting a Revised Statewide Mutual Aid Agreement

Resolution No. 2018-09 was presented, entitled:

RESOLUTION NO. 2018-09

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT, STATE OF FLORIDA, APPROVING THE REVISED FLORIDA STATEWIDE MUTUAL AID AGREEMENT; PROVIDING FOR SEVERABILITY; AND PROVIDING FOR AN EFFECTIVE DATE.

Mr. Haber explained the document. It was the consensus of the Board to table this item and e-mail it to the Board for them to review in its entirety before a vote.

Consider Professional Services Agreement Regarding Arborwood Preserve Project

Mr. Myers stated that this had been approved in the budget. Mr. Haber added that this was additional services with Passarella & Associates in the amount of $6,200.

A motion was made by Mr. Hamilton, seconded by Mrs. Pattison and passed unanimously approving the Professional Services Agreement regarding the Arborwood Preserve Project, as presented.

Consider Amendment to Fountain Agreement with Hampton Golf to Address Bonding Requirements

Mr. Haber went over the agreement. Mr. Hamilton stated he would like to see a 60 day notice instead of a 30 day.

A motion was made by Mr. Hamilton, seconded by Mr. Carr approving the Amendment to the Fountain Agreement with Hampton Golf to address bonding requirements, amending the notice time from 30 days to 60.  Upon being put to a vote, the motion carried unanimously.

Discussion Regarding Lake Maintenance Easement

Mr. Carr stated he was on the architectural review board at Bridgetown and indicated that people were planting in the easement. He asked what provisions there were and stated he has not seen an easement document.  Mr. Evans advised that the easement was dedicated to the District and that nothing should

be planted in the easement that does not further the Board’s intent to stabilize the lake bank. Mr. Hammond stated that any planting should be done with the consent of the District.

ADMINISTRATIVE MATTERS
Manager’s Report

Financials – Mr. Hammond noted that he had Michael McElligott of SDS pull out the traffic control costs. He also added that Woods & Wetlands had done their job and was paid $35,000, which was not yet reflected in the financials

Update on Insurance

Mr. Hamilton indicated he was concerned after reviewing the coverage, as it has masonry buildings listed, which the District does not have. He wants to be sure the District is insured for what it actually has.  Ms. Dailey and Mr. Evans stated they would look into the insurance category.

Ms. Dailey advised that the next meeting was scheduled for October 15, 2018. Mr. Hammond and Mr. Carr indicated that neither of them could make that meeting and there was a consensus of the Board to cancel the October 15, 2018, meeting and to move the November meeting up to November 12, 2018.

Engineer’s Report

Mr. Evans advised that the GIS map had been updated and reflected the new parcels. He noted, per the pipe inspection report, he was obtaining prices to jet out the pipes where needed and the cost may be up to $20,000. He added he would bring the quotes back to the Board at a future meeting for consideration.

Mr. Evans then reported he had walked the lakes with Pulte and initiated restoration of lake banks where needed. There was general discussion regarding future acceptance of the lakes. There was consensus of the Board that the Chair could sign the documents, once deeded ownership has been completed and the proper turnover documents are obtained from the water management district.

Mr. Evans advised he had sent a letter to Botanica Lakes and Marina Bay about maintaining the control structures, but he has not yet received a response. Mr. Hammond pointed out that the District may or may not receive a response. Mr. Haber added that it has been determined that the permit is on them and it impacts our system, if they do not fulfill the requirements of the permit. He stated that if we had known it was not being maintained, the District could make an issue to hold them accountable. The District has set a framework and put them on notice of the requirements through the letter. Mr. Hammond stated that he hopes there is a good working relationship with the two HOAs.

Field Inspector Report

Mr. Hirniak stated that the overall health of the lakes continues to be good and there has been a slight reduction in algae.  He went over the spraying of lake edges and flow way by Clarke.

BOARD MEMBER COMMENTS

There were no comments from the Board Members.

ADJOURNMENT

There being no further business to come before the Board, a motion was made by Mr. Hamilton, seconded by Mr. Carr and passed unanimously to adjourn the Regular Board Meeting at 11:05 a.m.

 	
Secretary/Assistant Secretary	Chair/Vice-Chair

AGREEMENT BETWEEN THE ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT
AND CENTEX HOMES FOR MAINTENANCE OF CERTAIN IMPROVEMENTS

THIS AGREEMENT is made and entered into this 12th day of November, 2018, by and between:

Arborwood Community Development District, a local unit of special purpose government established pursuant to Chapter 190, Florida Statutes, located in Lee County, Florida, and with offices at 27499 Riverview Center Boulevard, Suite
#253, Bonita Springs, Florida 34134 (hereinafter “District”), and

Centex Homes, a Nevada general partnership, whose address is 24311 Walden Center Drive, Suite 300, Bonita Springs, Florida 34134 (the “Centex”).

RECITALS

WHEREAS, the District was established for the purpose of planning, financing, constructing, operating and/or maintaining certain infrastructure; and

WHEREAS, the District is a party to that certain Grant of Sign Easement and Maintenance Agreement dated August 28, 2005 (the “Easement Agreement”), a copy of which is attached hereto as Exhibit A;

WHEREAS, the Easement Agreement contemplates the installation of certain signs, lighting, irrigation and landscaping (the “Improvements”) within the property subject to the Easement Agreement (the “Property”); and

WHEREAS, pursuant to the Easement Agreement, the District is responsible for all costs and expenses arising in connection with the maintenance and repair of the Improvements; and

WHEREAS, the District does not want to maintain and repair the Improvements and, as a result, was contemplating exercising its rights under Section 5 of the Easement Agreement, which would result in either the removal of the Improvements or the owner of the Property (the “Landowner”) taking control of the Improvements; and

WHEREAS, Centex does not want the Improvements removed or subject to the Landowner’s control and has agreed to undertake the District’s obligation to maintain and repair the Improvements; and

WHEREAS, Centex represents that it is qualified, either in its own right or through its officers, employees, contractors and/or affiliates, to maintain and repair the Improvements and desires to contract with the District to do so in accordance with the terms of this Agreement.

NOW, THEREFORE, in consideration of the recitals, agreements, and mutual covenants contained herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged by the parties, the parties agree as follows:

SECTION 1. RECITALS. The recitals so stated are true and correct and by this reference are incorporated into and form a material part of this Agreement.

SECTION 2.	MAINTENANCE OF IMPROVEMENTS.

Centex shall be responsible for providing, or causing to be provided, the maintenance and repair of the Improvements in an efficient, lawful and satisfactory manner during the term of this Agreement. Centex agrees that such maintenance and repair shall be performed in a neat and professional manner and to a standard that is equal to such services provided for other similar high-end residential communities within Lee County. For the purpose of facilitating the District’s notice obligation set forth in Section 2 of the Easement Agreement, Centex agrees to provide the District with ten days written notice before accessing the Property to fulfill its maintenance and repair obligations.

Centex agrees that it will be responsible, at its sole cost and expense, for all costs and expenses arising in connection with the maintenance and repair of the Improvements during the term of this Agreement, including any costs or expenses for obtaining any permits and approvals necessary for its maintenance and repair to the Improvements.

The District hereby designates its District Manager to act as the District’s representative with respect to the maintenance of the Improvements. The District’s representative shall have complete authority to transmit instructions, receive information, interpret and define the District’s decisions with respect to this Agreement.

SECTION 3. TERM. This Agreement shall be for a one-year term commencing on the date first written above. This Agreement shall automatically renew for additional one (1) year periods unless and until terminated pursuant to its terms.

SECTION 4. INSURANCE. Centex shall maintain or cause to be maintained, at its own expense throughout the term of this Agreement, the following insurance:

Worker’s Compensation Insurance in accordance with the laws of the State of Florida.
Commercial General Liability Insurance covering Centex’s legal liability for bodily injuries, with limits of not less than $1,000,000 combined single limit bodily injury and property damage liability.
Employer’s Liability Coverage with limits of at least $1,000,000 (one million dollars) per accident or disease.

Automobile  Liability  Insurance  for  bodily  injuries  in  limits  of  not  less  than
$1,000,000 combined single limit bodily injury and for property damage, providing coverage for any accident arising out of or resulting from the operation, maintenance, or use by Centex of any owned, non-owned, or hired automobiles, trailers, or other equipment required to be licensed.

No certificate shall be acceptable to the District unless it provides that any change or termination within the policy periods of the insurance coverage, as certified, shall not be effective within thirty (30) days of prior written notice to the District. Insurance coverage shall be from a reputable insurance carrier, licensed to conduct business in the State of Florida, and such carrier shall have a Best’s Insurance Reports rating of at least A-VII. If Centex fails to have secured and maintained the required insurance after notice and opportunity to cure, the District has the right (without any obligation to do so, however) to secure such required insurance in which event, Centex shall pay the cost for that required insurance and shall furnish, upon demand, all information that may be reasonably required in connection with the District’s obtaining the required insurance.

SECTION 5.  INDEMNIFICATION. Centex agrees to indemnify, defend and hold harmless the District and its officers, agents and employees from any and all liability, claims, actions, suits or demands by any person, corporation or other entity for injuries, death, property damage or harm of any nature, arising out of, or in connection with Centex’s maintenance and use of the Property under this Agreement, including the acts or omissions of Centex, or its officers, employees, and representatives, and including litigation or any appellate proceedings with respect thereto. Obligations under this section shall include the payment of all settlements, judgments, damages, liquidated damages, penalties, forfeitures, back pay awards, court costs, arbitration and/or mediation costs, litigation expenses, attorney fees, and paralegal fees (incurred in court, out of court, on appeal, or in bankruptcy proceedings) as ordered.

SECTION 6. LIMITATIONS ON GOVERNMENTAL LIABILITY. Nothing in this Agreement shall be deemed as a waiver of immunity or limits of liability of the District beyond any statutory limited waiver of immunity or limits of liability which may have been adopted by the Florida Legislature in Section 768.28, Florida Statutes or other statute, and nothing in this Agreement shall inure to the benefit of any third party for the purpose of allowing any claim which would otherwise be barred under the Doctrine of Sovereign Immunity or by operation of law.

SECTION 7.	COMPLIANCE WITH GOVERNMENTAL REGULATION.  Centex shall keep,
observe, and perform all requirements of applicable local, State, and Federal laws, rules, regulations, or ordinances relating to the Property, including but not limited to any applicable permits or other regulatory approvals.

SECTION 8. LIENS AND CLAIMS. Centex shall promptly and properly pay for all labor employed, materials purchased, and equipment hired by it to perform under this Agreement. Centex shall keep the Property free from any materialmen’s or mechanic’s liens and claims or notices in respect to such liens and claims, which arise by reason of Centex’s performance under this Agreement, and Centex shall immediately discharge any such claim or lien.

SECTION 9.	DEFAULT AND PROTECTION AGAINST THIRD PARTY INTERFERENCE. A
default by either party under this Agreement shall entitle the other to all remedies available at law or in equity, which may include, but not be limited to, the right of damages, injunctive relief, and/or specific performance; provided, however, neither party shall be liable to the other for special, incidental, punitive, exemplary or consequential damages, even if advised of the possibility of such damages. Nothing contained in this Agreement shall limit or impair the District’s right to protect its rights from interference by a third party to this Agreement.

SECTION 10. CUSTOM AND USAGE. It is hereby agreed, any law, custom, or usage to the contrary notwithstanding, that each party shall have the right at all times to enforce the conditions and agreements contained in this Agreement in strict accordance with the terms of this Agreement, notwithstanding any conduct or custom on the part of the party seeking to enforce the conditions and agreements in refraining from so doing; and further, that the failure of a party at any time or times to strictly enforce its rights under this Agreement shall not be construed as having created a custom in any way or manner contrary to the specific conditions and agreements of this Agreement, or as having in any way modified or waived the same.

SECTION 11. SUCCESSORS. This Agreement shall inure to the benefit of and be binding upon the heirs, executors, administrators, successors, and assigns of the parties to this Agreement, except as expressly limited in this Agreement.

SECTION 12.	TERMINATION.

The District agrees to provide Centex with written notice of any default by Centex under this Agreement, and a period of twenty (20) business days following Centex's receipt of such notice within which to cure such default. Should Centex fail to cure its default, the District shall have the right to immediately terminate this Agreement.

Centex shall have the right to terminate this Agreement upon sixty (60) days written notice without a showing of cause.

SECTION 13. PERMITS AND LICENSES. All permits or licenses necessary for Centex to perform under this Agreement, if any, shall be obtained and paid for by Centex.

SECTION 14. ASSIGNMENT. Neither party may assign this Agreement without the prior written approval of the other. Any purported assignment without such written consent shall be void.

SECTION 15. INDEPENDENT CONTRACTOR STATUS. In all matters relating to this Agreement, Centex shall be acting as an independent contractor. Neither Centex nor employees of Centex are employees of the District under the meaning or application of any Federal or State Unemployment or Insurance Laws or Old Age Laws or otherwise. Centex agrees to assume all liabilities or obligations imposed by any one or more of such laws with respect to employees of Centex, if there are any, in the performance of this Agreement. Centex shall not have any authority to assume or create any obligation, express or implied, on behalf of the District and Centex shall have no authority to represent the District as an agent, employee, or in any other capacity.

SECTION 16. HEADINGS FOR CONVENIENCE ONLY. The descriptive headings in this Agreement are for convenience only and shall neither control nor affect the meaning or construction of any of the provisions of this Agreement.

SECTION 17. ENFORCEMENT OF AGREEMENT. In the event that either the District or Centex is required to enforce this Agreement by court proceedings or otherwise, then the prevailing party shall be entitled to recover all fees and costs incurred, including reasonable attorneys' fees and costs for trial, alternative dispute resolution, or appellate proceedings.

SECTION 18. AGREEMENT. This instrument shall constitute the final and complete expression of this Agreement between the District and Centex relating to the subject matter of this Agreement.

SECTION 19. AMENDMENTS. Amendments to and waivers of the provisions contained in this Agreement may be made only by an instrument in writing which is executed by both the District and Centex.

SECTION 20. AUTHORIZATION. The execution of this Agreement has been duly authorized by the appropriate body or official of the District and Centex, both the District and Centex have complied with all the requirements of law, and both the District and Centex have full power and authority to comply with the terms and provisions of this instrument.

SECTION 21. NOTICES. All notices, requests, consents and other communications under this Agreement (“Notices”) shall be in writing and shall be delivered, mailed by First Class Mail, postage prepaid, certified/registered mail, or overnight delivery service, to the parties, as follows:

If to the District:	Arborwood	Community	Development District
27499 Riverview Center Blvd., Suite #253 Bonita Springs, Florida 34134
Attn:  District Manager

	With a copy to:	Hopping Green & Sams, P.A.
119 South Monroe Street, Suite 300
Tallahassee, Florida 32301 Attn: District Counsel	
B.	If to Centex:	Centex Homes
24311 Walden Center Drive, Suite 300 Bonita Springs, Florida 34134
Attn:  	

Except as otherwise provided in this Agreement, any Notice shall be deemed received only upon actual delivery at the address set forth above. Notices delivered after 5:00 p.m. (at the place of delivery) or on a non-business day, shall be deemed received on the next business day.  If any

time for giving Notice contained in this Agreement would otherwise expire on a non-business day, the Notice period shall be extended to the next succeeding business day. Saturdays, Sundays, and legal holidays recognized by the United States government shall not be regarded as business days. Counsel for the District and counsel for Centex may deliver Notice on behalf of the District and Centex, respectively. Any party or other person to whom Notices are to be sent or copied may notify the other parties and addressees of any change in name or address to which Notices shall be sent by providing the same on five (5) days written notice to the parties and addressees set forth herein.

SECTION 22. THIRD PARTY BENEFICIARIES. This Agreement is solely for the benefit of the District and Centex and no right or cause of action shall accrue upon or by reason, to or for the benefit of any third party not a formal party to this Agreement. Nothing in this Agreement expressed or implied is intended or shall be construed to confer upon any person or corporation other than the District and Centex any right, remedy, or claim under or by reason of this Agreement or any of the provisions or conditions of this Agreement; and all of the provisions, representations, covenants, and conditions contained in this Agreement shall inure to the sole benefit of and shall be binding upon the District and Centex and their respective representatives, successors and assigns.

SECTION 23. APPLICABLE LAW AND VENUE. This Agreement and the provisions contained herein shall be construed, interpreted and controlled according to the laws of the State of Florida. Venue for any dispute shall be in a court of appropriate jurisdiction in Lee County, Florida.

SECTION 24. COMPLIANCE WITH PUBLIC RECORDS LAWS. Centex understands and agrees that all documents of any kind provided to the District in connection with this Agreement may be public records, and, accordingly, Centex agrees to comply with all applicable provisions of Florida law in handling such records, including but not limited to Section 119.0701, Florida Statutes. Centex acknowledges that the designated public records custodian for the District is its District Manager (“Public Records Custodian”). Among other requirements and to the extent applicable by law, Centex shall 1) keep and maintain public records required by the District to perform the service; 2) upon request by the Public Records Custodian, provide the District with the requested public records or allow the records to be inspected or copied within a reasonable time period at a cost that does not exceed the cost provided in Chapter 119, Florida Statutes; 3) ensure that public records which are exempt or confidential, and exempt from public records disclosure requirements, are not disclosed except as authorized by law for the duration of the contract term and following the contract term if Centex does not transfer the records to the Public Records Custodian of the District; and 4) upon completion of the contract, transfer to the District, at no cost, all public records in Centex’s possession or, alternatively, keep, maintain and meet all applicable requirements for retaining public records pursuant to Florida laws. When such public records are transferred by Centex, Centex shall destroy any duplicate public records that are exempt or confidential and exempt from public records disclosure requirements. All records stored electronically must be provided to the District in a format that is compatible with Microsoft Word or Adobe PDF formats.

IF CENTEX HAS QUESTIONS REGARDING THE APPLICATION OF CHAPTER 119, FLORIDA STATUTES, TO CENTEX’S DUTY TO PROVIDE PUBLIC RECORDS RELATING TO THIS CONTRACT, CONTACT THE CUSTODIAN OF PUBLIC RECORDS AT (561) 630-4922 OR 27499 RIVERVIEW CENTER BOULEVARD, SUITE #253, BONITA SPRINGS, FLORIDA 34134.

SECTION 25.	SEVERABILITY. The invalidity or unenforceability of any one or more provisions of this Agreement shall not affect the validity or enforceability of the remaining portions of this Agreement, or any part of this Agreement not held to be invalid or unenforceable.

SECTION 26. ARM’S LENGTH TRANSACTION. This Agreement has been negotiated fully between the District and Centex as an arm's length transaction. The District and Centex participated fully in the preparation of this Agreement with the assistance of their respective counsel. In the case of a dispute concerning the interpretation of any provision of this Agreement, the parties are each deemed to have drafted, chosen, and selected the language, and any doubtful language will not be interpreted or construed against any party.

SECTION 27. COUNTERPARTS. This Agreement may be executed in any number of counterparts, each of which when executed and delivered shall be an original; however, all such counterparts together shall constitute, but one and the same instrument.

[SIGNATURES ON FOLLOWING PAGE]

IN WITNESS WHEREOF, the parties execute this Agreement to be effective the day and year first written above.

Attest:	ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT

 	
Secretary/Assistant Secretary	Chairman, Board of Supervisors

CENTEX HOMES, a Nevada general partnership By: Centex Real Estate Company, LLC, a
Nevada limited liability company, as sole Managing Partner, successor by conversion of Centex Real Estate Corporation, a Nevada corporation

(Signature of Witness)

By:  Its: 

(Print Name of Witness)

EXHIBIT A: Easement Agreement

EXHIBIT A

RESOLUTION NO. 2018-10

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT AUTHORIZING AND ADOPTING AN AMENDED FINAL FISCAL YEAR 2017/2018 BUDGET (“AMENDED BUDGET”),  PURSUANT TO CHAPTER 189, FLORIDA STATUTES; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the Board of Supervisors of the Arborwood Community Development District (“District”) is empowered to provide a funding source and to impose special assessments upon the properties within the District; and,

WHEREAS, the District has prepared for consideration and approval an Amended Budget.

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

Section 1. The Amended Budget for Fiscal Year  2017/2018  attached  hereto  as Exhibit “A” is hereby approved and adopted.

Section 2.   The Secretary/Assistant Secretary of the District is authorized to execute any and all necessary transmittals, certifications or other acknowledgements or writings, as necessary, to comply with the intent of this Resolution.

PASSED, ADOPTED and EFFECTIVE this 12th day of November, 2018.

ATTEST:	ARBORWOOD
COMMUNITY DEVELOPMENT DISTRICT

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

Arborwood Community Development District

Amended Final Budget Fiscal Year 2017/2018
October 1, 2017 - September 30, 2018

CONTENTS

AMENDED BUDGET COMPARISON

AMENDED GENERAL FUND BUDGET

AMENDED FINAL DEBT SERVICE FUND BUDGET - 2014 BOND

AMENDED FINAL DEBT SERVICE FUND BUDGET - 2018 BOND

AMENDED BUDGET COMPARISON
ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2017/2018
OCTOBER 1, 2018 - SEPTEMBER 30, 2018

REVENUES		FISCAL YEAR 2017/2018
FINAL BUDGET		FISCAL YEAR 2017/2018 AMENDED BUDGET		FISCAL YEAR 2017/2018 ACTUAL
10/1/2017 - 9/29/2018	
GENERAL FUND ON ROLL ASSESSMENT		337,632		359,014		359,014	
GENERAL FUND DIRECT BILL ASSESSMENT - PULTE		10,940		9,788		9,788	
GENERAL FUND DIRECT BILL ASSESSMENT - GL HOMES		15,591		358		358	
GENERAL FUND DIRECT BILL ASSESSMENT - WCI		17,094		13,785		13,785	
DEBT ON ROLL ASSESSMENT		2,977,940		3,228,932		3,228,932	
DEBT DIRECT BILL ASSESSMENT - PULTE		134,092		0		0	
DEBT DIRECT BILL ASSESSMENT - GL HOMES		175,542		4,472		4,472	
DEBT DIRECT BILL ASSESSMENT - WCI (SERIES 2014)		1,002,511		849,244		849,244	
INTEREST/MISCELLANEOUS GENERAL FUND		0		0		0	
GENERAL FUND OTHER REVENUES / CARRY OVER		140,000		0		0	
TOTAL REVENUES		$	4,811,342		$	4,465,593		$	4,465,593	

EXPENDITURES							
PAYROLL TAX EXPENSE		912		750		750	
SUPERVISOR FEES		12,000		9,800		9,800	
ENGINEERING		40,000		38,600		33,664	
MANAGEMENT		34,712		34,712		34,712	
LEGAL		45,000		31,600		26,562	
ASSESSMENT ROLL		5,000		5,000		5,000	
ANNUAL AUDIT		5,700		5,350		5,350	
ARBITRAGE REBATE FEE		4,000		3,350		3,350	
INSURANCE		16,000		14,496		14,496	
LEGAL ADVERTISING		5,500		11,700		10,739	
MISCELLANEOUS		3,000		3,000		2,464	
POSTAGE		1,000		1,625		1,617	
OFFICE SUPPLIES		2,500		3,475		3,430	
DUES & SUBSCRIPTIONS		175		175		175	
TRUSTEE FEES		47,000		32,229		32,229	
CONTINUING DISCLOSURE FEE		5,000		4,000		4,000	
AMORTIZATION SCHEDULE		1,000		0		0	
WEBSITE		1,500		1,500		1,500	
LAKE MAINTENANCE		2,000		0		0	
PROFESSIONAL FEE & PERMITS		2,000		0		0	
ELECTRICITY		2,000		144		144	
OFF-SITE MITIGATION MAINT - TREELINE		5,000		0		0	
DRI MONITORING		10,000		9,775		9,775	
WETLAND MONITORING - PASSARELLA		15,000		15,000		12,246	
OFF-SITE MITIGATION MAINT - PANTHER		84,000		65,000		55,569	
MITIGATION MAINT - PARCEL C		5,000		0		0	
STREET LIGHTING - UTILITY		15,000		27,500		22,895	
CAPITAL OUTLAY - SMALL		1,000		0		0	
NEW - LAKE MAINT (SOMERSET ONLY)		50,000		41,800		36,816	
NEW - PRESERVE MAINT (SOMERSET ONLY)		45,000		45,000		35,000	
NEW FIELD INSPECTOR (SOMERSET ONLY)		35,000		15,816		15,816	
Total Expenditures		500,999		421,397		378,099	
							
EXCESS / (SHORTFALL)		$	4,310,343		$	4,044,196		$	4,087,494	
							
DEBT PAYMENTS (2005)		(2,123,539)		(2,031,687)		(2,031,687)	
DEBT PAYMENTS (2006)		(777,425)		(795,174)		(795,174)	
DEBT PAYMENTS (2014)		(1,209,995)		(1,129,539)		(1,129,539)	
BOND PREPAYMENTS - PAID TO TRUSTEE		0		-		-	
BALANCE		$	199,384		$	87,796		$	131,094	
							
COUNTY APPRAISER & TAX COLLECTOR FEE		(66,312)		(8,688)		(8,688)	
DISCOUNTS FOR EARLY PAYMENTS		(132,623)		(131,580)		(131,580)	
NET EXCESS / (SHORTFALL)		$	449		$	(52,472)		$	(9,174)	

Note: All Figures are Un-audited

Page 29
1

AMENDED FINAL BUDGET
ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT GENERAL FUND
FISCAL YEAR 2017/2018 OCTOBER 1, 2017 - SEPTEMBER 30, 2018

REVENUES	FISCAL YEAR 2017/2018	FISCAL YEAR 2017/2018		FISCAL YEAR 2017/2018 ACTUAL	
	ANNUAL BUDGET	AMENDED BUDGET		10/1/2017 - 9/29/2018	
ON ROLL ASSESSMENTS		337,632	359,014		359,014	
DIRECT BILL ASSESSMENTS - PULTE		10,940	9,788		9,788	
DIRECT BILL ASSESSMENTS - GL HOMES		15,591	358		358	
DIRECT BILL ASSESSMENTS - WCI		17,094	13,785		13,785	
OTHER REVENUES / CARRY OVER		140,000	0		0	
Total Revenues		$	521,257	$	382,945		$	382,945	

EXPENDITURES						
PAYROLL TAX EXPENSE		912	750		750	
SUPERVISOR FEES		12,000	9,800		9,800	
ENGINEERING		40,000	38,600		33,664	
MANAGEMENT		34,712	34,712		34,712	
LEGAL		45,000	31,600		26,562	
ASSESSMENT ROLL		5,000	5,000		5,000	
ANNUAL AUDIT		5,700	5,350		5,350	
ARBITRAGE REBATE FEE		4,000	3,350		3,350	
INSURANCE		16,000	14,496		14,496	
LEGAL ADVERTISING		5,500	11,700		10,739	
MISCELLANEOUS		3,000	3,000		2,464	
POSTAGE		1,000	1,625		1,617	
OFFICE SUPPLIES		2,500	3,475		3,430	
DUES & SUBSCRIPTIONS		175	175		175	
TRUSTEE FEES		47,000	32,229		32,229	
CONTINUING DISCLOSURE FEE		5,000	4,000		4,000	
AMORTIZATION SCHEDULE		1,000	0		0	
WEBSITE		1,500	1,500		1,500	
LAKE MAINTENANCE		2,000	0		0	
PROFESSIONAL FEE & PERMITS		2,000	0		0	
ELECTRICITY		2,000	144		144	
OFF-SITE MITIGATION MAINT - TREELINE		5,000	0		0	
DRI MONITORING		10,000	9,775		9,775	
WETLAND MONITORING - PASSARELLA		15,000	15,000		12,246	
OFF-SITE MITIGATION MAINT - PANTHER		84,000	65,000		55,569	
MITIGATION MAINT - PARCEL C		5,000	0		0	
STREET LIGHTING - UTILITY		15,000	27,500		22,895	
STORM DAMAGE REPAIRS		0	0		0	
CAPITAL OUTLAY - SMALL		1,000	0		0	
NEW - LAKE MAINT (SOMERSET ONLY)		50,000	41,800		36,816	
NEW - PRESERVE MAINT (SOMERSET ONLY)		45,000	45,000		35,000	
NEW FIELD INSPECTOR (SOMERSET ONLY)		35,000	15,816		15,816	
Total Expenditures		$	500,999	$	421,397		$	378,099	
EXCESS / (SHORTFALL)		$	20,258	$	(38,452)		$	4,846	

COUNTY APPRAISER & TAX COLLECTOR FEE		

(6,753)	

(702)		

(702)	
DISCOUNTS FOR EARLY PAYMENTS		(13,505)	(13,319)		(13,319)	
NET EXCESS / (SHORTFALL)		$	-	$	(52,473)		$	(9,175)	
Note: All Figures are Un-audited						
			Fund Balance on 9/30/2017		$	223,372	

Amended 2017/2018 Net Excess /(Shortfall)

  $ 	(52,473)

Estimated Fund Balance on 9/30/2018	$

170,899

2	Page 30

AMENDED FINAL BUDGET
ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT 2014 DEBT SERVICE FUND
FISCAL YEAR 2017/2018 OCTOBER 1, 2017 - SEPTEMBER 30, 2018

 	2014A-1			2014A-2 	

	FISCAL YEAR 2017/2018
    ANNUAL BUDGET 		FISCAL YEAR 2017/2018 AMENDED BUDGET	FISCAL YEAR 2017/2018 ACTUAL
     10/1/2017 - 9/29/2018 				FISCAL YEAR 2017/2018
 ANNUAL BUDGET	FISCAL YEAR 2017/2018 AMENDED BUDGET		FISCAL YEAR 2017/2018 ACTUAL
     10/1/2017 - 9/29/2018 		

REVENUES 	
Net On Roll Assessments	

171,352	

231,482	

231,482		
REVENUES 	
Net On Roll Assessments	

36,132	

48,813		

48,813	
Interest Income	0	4,818	4,818		Interest Income	0	1,606		1,606	
Bond Prepayments	0	109,909	109,909		Bond Prepayments	0	23,217		23,217	
Direct Bill Assessments - WCI 		 	329,518	 	242,377	 	242,377		Direct Bill Assessments - WCI 		 	70,113	 	43,408		 	43,408	
Total Revenues 		  $	500,870	  $	588,586	  $	588,586		Total Revenues 		  $	106,245	  $	117,044		  $	117,044	

EXPENDITURES 	
Principal Payments	

140,000	

140,000	

140,000		
EXPENDITURES 	
Principal Payments	

30,000	

30,000		

30,000	
Interest Payments	360,870	365,700	365,700		Interest Payments	76,245	77,280		77,280	
Miscellaneous 		 	0	 	0	 	0		Miscellaneous 		 	0	 	0		 	0	
Total Expenditures 		  $	500,870	  $	505,700	  $	505,700		Total Expenditures 		  $	106,245	  $	107,280		  $	107,280	
Excess / (Shortfall)	$	-	$	82,886	$	82,886		Excess / (Shortfall)	$	-	$	9,764		$	9,764	

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	Bifurcated Date =	Dec 2014	
Maturity Date =	May 2036	Maturity Date =	May 2036	
Annual Principal Payments Due =	May 1st	Annual Principal Payments Due =	May 1st	
Annual Interest Payments Due =	May 1st & November 1st	Annual Interest Payments Due =	May 1st & November 1st	

Maturity Par Amount As Of 9/30/18 =     $5,160,000	Maturity Par Amount As Of 9/30/18 = $1,090,000

 	2014B 	

	FISCAL YEAR

2017/2018	FISCAL YEAR

2017/2018	FISCAL YEAR

2017/2018 ACTUAL		
	    ANNUAL BUDGET 		AMENDED BUDGET	     10/1/2017 - 9/29/2018 			
				Notes	
REVENUES 					Developer Direct Bill Payments To Fund November 1, 2018 Interest Payments.	
Interest Income	0	9,636	9,636	Prepayment Funds Will Be Used To Make Series 2014 Principal Payment	
Direct Bill Assessments - WCI	602,880	651,878	651,878	On November 1, 2018:	
Bond Prepayments 		 	0	 	1,625,553	 	1,625,553	Series 2014A-1: $105,000	
Total Revenues 		  $	602,880	  $	2,287,067	  $	2,287,067	Series 2014A-2: $20,000	
				Series 2014B:    $945,000	
EXPENDITURES 						
Principal Payments	0	1,175,000	1,175,000		
Interest Payments	602,880	651,878	651,878		
Miscellaneous 		 	0	 	0	 	0		
Total Expenditures 		  $	602,880	  $	1,826,878	  $	1,826,878		

Excess / (Shortfall)	$

-	$	460,189	$

460,189

Series 2014 B Bond Information

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

Par Amount As Of 9/30/18 =	May 1st & November 1st

$8,600,000	

Page 31
3

AMENDED FINAL BUDGET
ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT 2018 DEBT SERVICE FUND
FISCAL YEAR 2017/2018 OCTOBER 1, 2017 - SEPTEMBER 30, 2018

2018A-1 & 2018A-2		
FISCAL YEAR 2017/2018	FISCAL YEAR 2017/2018	FISCAL YEAR 2017/2018 ACTUAL	
REVENUES		ANNUAL BUDGET  AMENDED BUDGET 10/1/2017 - 9/29/2018

Net On Roll Assessments (05 & 06)		2,591,780	2,826,861	2,826,861	
Direct Bill Assessments (05 & 06)		309,635	0	0	
Interest Income (05,06,18-1,18-2)		0	12,133	12,133	
Bond Prepayments (05 & 06)		0	18,638	18,638	
Transfer From 05 & 06 Debt Service		0	5,763,138	5,763,138	
2018A-1 Refunding Proceeds (DS)		0	24,022,928	24,022,928	
2018A-2 Refunding Proceeds (DS) 			 	0	 	8,582,072	 	8,582,072	
Total Revenues 			  $	2,901,415	  $	41,225,770	  $	41,225,770	
EXPENDITURES					
Principal Payments (05 & 06)		1,090,000	34,160,000	34,160,000	
Principal Payments (2018A-1)		0	0	0	
Principal Payments (2018A-2)		0	0	0	
Interest Payments (05 & 06)		1,810,965	1,681,857	1,681,857	
Interest Payments (2018A-1)		0	133,364	133,364	
Interest Payments (2018A-2)		0	72,357	72,357	
Cost Of Issuance (2018)		0	591,988	591,988	
Original Issue Discount (2018)		0	532,521	532,521	
Bond Insurance (2018)		0	680,732	680,732	
Close-Out Of 2005 & 2006 Debt Service		0	4,045,123	4,045,123	
Miscellaneous 			 	0	 	23,260	 	23,260	
Total Expenditures 			  $	2,900,965	  $	41,921,202	  $	41,921,202	

Excess / (Shortfall)

$	450	$

(695,432)	$

(695,432)

Note: Bond Refunding Proceeds Deposited To Capital Projects Fund: $600,000

 	Series 2018 A-1 Bond Information 	
Original Par Amount =	$24,465,000
Interest Rate =	3.02%
Issue Date =	February 2018
Maturity Date =	May 2036
Annual Principal Payments Due =	May 1st
Annual Interest Payments Due =	May 1st & November 1st Par Amount As Of 9/30/18 =	$24,465,000

Series 2018 A-2 Bond Information

Original Par Amount =	$8,740,000
Interest Rate =	4.65%
Issue Date =	February 2018
Maturity Date =	May 2036
Annual Principal Payments Due =	May 1st
Annual Interest Payments Due =	May 1st & November 1st Par Amount As Of 9/30/18 =	$8,740,000

Page 32
4

November 12, 2018

RE: Arborwood Community Development District Auditor Renewal

At the January 18, 2016 Arborwood Community Development District Board Of Supervisors meeting, the firm of Berger, Toombs, Elam, Gaines & Frank was selected to perform the 9-30-2015, 9-30-2016 and 9-30-2017 year end audits of the District with an option to perform the 9-30-2018 and 9-30-2019 audits.

The fees for the 9-30-2015 audit were $5,350. The fees for the 9-30-2016 audit were
$5,350. And the fees for the 9-30-2017 audit were $5,350. The proposed fee for the
9-30-2018 audit is $5,450, which is less than the budgeted amount for audit fees for Fiscal Year 2018/2019.  And the proposed fee for the 9-30-2019 audit is $5,550.

Management is pleased with the professionalism and the competence of the Berger, Toombs, Elam, Gaines & Frank partners and staff; therefore management recommends that the Board approve the renewal option for the Fiscal Year Ending 9-30-2018 and 9- 30-2019 audits for Berger, Toombs, Elam, Gaines & Frank.

Special District Services, Inc.

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

	Oct '17 - Sep 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	23,931.00		43,626.00		-19,695.00		54.86%	
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)	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-2014 (A1,A2,B)	-1,129,538.71		-1,209,995.00		80,456.29		93.35%	
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	0.00		134,092.00		-134,092.00		0.0%	
01-3914 · Dbt Assm-Off Roll-05A2-GL Homes	4,472.00		175,542.00		-171,070.00		2.55%	
01-3919 · Dbt Assm-Off Roll-Lennar (2014)	849,244.06		1,002,511.00		-153,266.94		84.71%	
	368,924.40		501,449.00		-132,524.60		73.57%	

01-1130 · Payroll Tax Expense	
749.70		
912.00		
-162.30		
82.2%	
01-1131 · Supervisor Fees	9,800.00		12,000.00		-2,200.00		81.67%	
01-1310 · Engineering	33,663.81		40,000.00		-6,336.19		84.16%	
01-1311 · Management Fees	34,711.92		34,712.00		-0.08		100.0%	
01-1313 · Website Management	1,500.00		1,500.00		0.00		100.0%	
01-1315 · Legal Fees	26,561.89		45,000.00		-18,438.11		59.03%	
01-1318 · Assessment/Tax Roll	5,000.00		5,000.00		0.00		100.0%	
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	10,738.98		5,500.00		5,238.98		195.25%	
01-1512 · Miscellaneous	2,464.70		3,000.00		-535.30		82.16%	
01-1513 · Postage and Delivery	1,616.95		1,000.00		616.95		161.7%	
01-1514 · Office Supplies	3,430.57		2,500.00		930.57		137.22%	
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	144.39		2,000.00		-1,855.61		7.22%	
01-1816 · Treeline Preserve Maint-Exotics	0.00		5,000.00		-5,000.00		0.0%	
01-1818 · DRI / Traffic Monitoring	9,775.00		10,000.00		-225.00		97.75%	

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

	Oct '17 - Sep 18		Budget		$ Over Budget		% of Budget	
01-1819 · Environmentl Cnsltng-Passarella	12,246.02		15,000.00		-2,753.98		81.64%	
01-1820 · Panther Mitigation Mnt-Exotics	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 & Maint	22,894.82		15,000.00		7,894.82		152.63%	
01-1824 · Field Inspector - Somerset Only	15,815.76		35,000.00		-19,184.24		45.19%	
01-1825 · Lake Maintenance-Somerset Only	36,816.00		50,000.00		-13,184.00		73.63%	
01-1826 · Preserve Maint - Somerset Only	35,000.00		45,000.00		-10,000.00		77.78%	
01-1850 · Capital Outlay - Small	0.00		1,000.00		-1,000.00		0.0%	
	378,099.28		500,999.00		-122,899.72		75.47%	
Income	-9,174.88		450.00		-9,624.88		-2,038.86%	

Net

Bank Balance As Of 9/30/18	$	237,063.75	
Accounts Payable As Of 9/30/18	$	31,929.05	
Other Assets As Of 9/30/18	$	9,063.23	
Total Fund Balance As Of 9/30/18	$	214,197.93