ARBORWOOD COMMUNITY DEVELOPMENT
DISTRICT

LEE COUNTY REGULAR BOARD MEETING
& PUBLIC HEARING JUNE 20, 2022
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
Bridgetown at the Plantation Amenity Center - Barbados Room 11741 Kingsbridge Boulevard
Fort Myers, Florida 33913
REGULAR BOARD MEETING & PUBLIC HEARING June 20, 2022
9:00 A.M.

Call to Order
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
May 16, 2022 Regular Board Meeting…	Page 2
Public Hearing
Proof of Publication…	Page 6
Receive Public Comments on Fiscal Year 2022/2023 Final Budget
Consider Resolution No. 2022-02 – Adopting a Fiscal Year 2022/2023 Final Budget…	Page 7
Consider Resolution No. 2022-03 – Adopting a Fiscal Year 2022/2023 Assessment Roll…	Page 29
Old Business
New Business
Consider Resolution No. 2022-04 – Adopting a Fiscal Year 2022/2023 Meeting Schedule…	Page 33
Administrative Matters
Manager’s Report
Financials…	Page 35
Update on FPL Streetlight Classification
Attorney’s Report
Update on Alvarez Partial Release of Easement Agreement
Engineer Report
Update on Plantation Golf and Country Club Request for Repair of Lake Bank Erosion Behind Number 13 Green
Field Inspectors Report
Board Members Comments
Adjourn

The News-Press
media group

0005200936 I FNP-0000002787

news-press.com

Attn:
ARBORWOOD COMMUNITY DEVELOPMEN 2501 BURNS RD STE A
PALM BEACH GARDENS, FL 33410
STATE OF FLORIDA COUNTY OF LEE:

/.Y{COtL<

Be re.theJJnders a t personally appeared
<,. LU.,/J)	, who on oath says that
he or she is a Legal Assistant of the News-Press, a daily newspaper published at Fort Myers in Lee County, Florida; that the attached copy of advertisement, being a Legal Ad in the matter of

ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT REVISED FISCAL YEAR 2021/2022 REGULAR MEETING
SCHEDULE Regular Meetings of the Board of Supervisors of the Arborwood C

In the Twentieth Judicial Circuit Court was published in said newspaper editions dated in the issues of or by publication on the newspaper's website, if authorized, on :

04/08/2022

Affiant further says that the said News-Press is a paper of general circulation daily in Lee County and published at Fort Myers, in said Lee County, Florida, and that the said newspaper has heretofore been continuously published in said Lee County, Florida each day and has been entered as periodicals matter at the post office in Fort Myers, in said Lee County, Florida, for a period of one year next preceding the first publication of the attached copy of advertisement; and affiant further says that
he or she has never paid nor promised any person, firm or corporation any discount, rebate, commission or refund for the purpose of securing this advertisement for publication in said newspaper editions dated:

Sworn to and Subscribed before me this 8th of April 2022, by legal clerk who is personally known to me.

My commission expires

SHELLY HORA
Nota·rv pJblic State of Wisconsin

# of Affidavits 1
This is not an invoice

A GANNETT COMPANY

ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT REVISED FISCAL YEAR 2021/2022 REGULAR MEETING SCHEDULE

Regular Meetings of the Board of Su­ pervisors of the Arborwood Communi­ ty Development District will be held at 9:00 a.m. in the Bridgetown at the Plantation Amenity Center - Barbados Room located at 11741 Kingsbridge Boulevard, Fort Myers, Florida 33913 on the following dates:
April 18,2022
May 16, 2022
June 20, 2022
July 18, 2022
August 15, 2022
September 19, 2022

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

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

A person who decides to appeal any decision made at the meeting with re­ spect to any matter considered at a particular meeting is advised that per­ son will need a record of the proceed­ ings and that accordingly, the person may need to ensure that a verbatim re­ cord of the proceedings is made includ-
fiic h h!e!i;e lfs : i/b!  e upon

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

Kathleen Meneely District Manager
Arborwood Community Development District
www.arborwoodcdd.org
AD#5200936	Apr. 8, 2022

ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT REGULAR BOARD MEETING
MAY 16, 2022

CALL TO ORDER

The May 16, 2022, Regular Board Meeting of the Arborwood Community Development District (the “District”) was called to order at 9:01 a.m. in the Barbados Room Bridgetown at the Plantation Amenity Center located at 11741 Kingsbridge Boulevard, 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 April 8, 2022, 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	Gary Franz	Present	
Vice Chairman	Joan Pattison	Present	
Supervisor	Jack Aycock	Present via phone	
Supervisor	Lawrence Carr	Present	
Supervisor	Jeff Gordish	Present	

Staff members in virtual attendance were:

District Manager	Kathleen Meneely	Special District Services, Inc.	
General Counsel	Wes Haber (via phone)	Kutak Rock, LLC	
District Engineer	Josh Evans	JR Evans Engineering	
Field Inspector	Bohdan Hirniak		

Others present were: Bethany Brosious of Passarella & Associates and the following District residents: Helen Shorey and Gene Crawford.

ADDITIONS OR DELETIONS TO THE AGENDA

Mr. Aycock requested and it was the consensus of the Board to add a Discussion on the Flow Way East pf Treeline under Board Member Comments.

COMMENTS FROM THE PUBLIC FOR ITEMS NOT ON THE AGENDA

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

APPROVAL OF MINUTES
April 18, 2022, Regular Board Meeting
Page 1 of 4

The April 18, 2022, Regular Board Meeting minutes were presented for consideration.

A motion was made by Mr. Aycock, seconded by Mrs. Pattison and passed unanimously approving the April 18, 2022, Regular Board Meeting minutes, as presented.

NEW BUSINESS
Update on Alvarez Partial Release of Easement Agreement

Mr. Haber advised that the agreement had been approved for signature at the last meeting by the Chair, but he is still awaiting a legal description of the area and a survey in order to finalize the agreement. Mr. Crawford indicated that the surveyor had been sick and the information would be obtained as soon as possible.

OLD BUSINESS
Update on Somerset’s Request for Memorial Bench

Mr. Haber stated advised he had reviewed the agreement between Somerset, the developer and the CDD on easement rights. He added that he believed the easement is for ingress and egress for undertaking recreation, which would not allow a bench and concrete pad. Mr. Haber went on to state that the safest approach would be to do an actual license agreement. Mr. Gordish disagreed and believes that the document would allow a bench as a recreational item. Discussion ensued regarding the concept with Mrs. Pattison stating that she did not agree with allowing a bench and believes it would set a precedent. Ms. Meneely indicated that the addition information requested from the HOA had not been provided. Mr. Crawford asked why the HOA would not just put the bench in the HOA common area instead of CDD property.

After further discussion, a motion was made by Mrs. Pattison, seconded by Mr. denying the request to install a bench on CDD property. Upon being put to a vote, the motion carried 3 to 2 with Messrs. Carr and Aycock dissenting.

Discussion Regarding Plantation Golf and Country Club Request for Repairs of Lake Bank Erosion behind Number 13 Green

Mr. Evans advised that he was looking at the area today to determine if it is the golf course pipe equipment that is causing the erosion.

ADMINISTRATIVE MATTERS
Manager’s Report
Financials

Ms. Meneely went over the financials. Mr. Gordish asked then the next panther mitigation would be done to which Ms. Brosious replied it is done twice per year with the second treatment being completed in the next few weeks.

Ms. Meneely advised that the next meeting was scheduled for June 20, 2022, and would include the Public Hearing on the budget.

Ms. Meneely reminded the Board that the qualifying period runs from noon on June 13 through noon on June 17, noting that Seats 1, 2 and 3 expire this year.

Page 2 of 4

Update on FPL Streetlight Classification

Ms. Meneely reported that there was no update at this time.

Attorney’s Report
Update on Aeration Agreement

Mr. Haber stated that two agreements were prepared: one for a construction easement and one for a perpetual access easement. Ms. Meneely advised that both agreements had been signed earlier today before the start of the meeting.

Engineer’s Report
Update  on  Erosion  at  10311  Glastonbury  and  12894  Epping  Way  Locations

Mr. Evans advised that individual homeowners had issues at two locations. He reviewed the areas and recommended that these be added to the current erosion repair project that started today. He noted the repairs would cost $2,500 and would be a change order to the Dragonfly contract. There was general discussion on funding and Mr. Gordish asked that a property on Crasford Chase also be considered for repairs.

After further discussion, a motion was made by Mr. Gordish, seconded by Mrs. Pattison and passed unanimously approving the Dragonfly change order in amount not to exceed $6,000 for the additional repairs.

Mr. Evans reported that Bridgetown had completed their repairs and he would be inspecting the work in the near future.

Mrs. Pattison asked about the erosion at the edge of the grass and bank at Hole 9 as being the CDD’s responsibility. Mr. Evans noted that it could be caused by the golf course’s irrigation, but if it is a result of normal erosion, the lake bank is the CDD’s responsibility. Mr. Evans added that he would take a look at the area.

Mr. Evans asked about changing the schedule for annual inspections. He went over the current schedule with repairs and then inspections, which are difficult to do during rainy season. Mr. Franz indicated that a revised schedule would impact budget season. Mr. Evans agreed it would, but normally, he has a good idea of what has deteriorated over time and will require repairs. He added that he could always do a draft check and then a full check when lakes are at their lowest outside of rainy season, around October. After a brief discussion, it was the consensus of the Board to change the schedule of annual inspections.

Field Inspector’s Report

Mr. Hirniak stated that the lakes and water quality was good. He added that the rains had helped with lake levels.

Mr. Hirniak indicated that it was reported that a person was spraying the littorals in their backyard. He noted that he had been monitoring the area since it happened. Mr. Franz asked about the attorney sending a formal cease and desist notice. Mr. Evans added that spraying violates the permits and protection plan. It was the consensus of the Board to send the homeowner such a letter. Mr. Haber advised he would work with Ms. Meneely to put together such a notice.

BOARD MEMBER COMMENTS
Page 3 of 4

Mr. Aycock advised that the Botanica Lakes’ Board had voted to proceed with the baffle installation and they were trying to find out if it was considered maintenance work or a permit modification.

Mr. Aycock indicated that the flow way on the east side of Treeline versus the west side was severely overgrown. Mr. Evans indicated he would check on that area.

Mr. Gordish advised of some errors in the GIS map on the Arborwood side in the NW corner of Somerset. Mr. Evans noted he would take a look at it.

Mr. Gordish noted that there were still streetlights that required repairs. Ms. Meneely advised that AIS had been contacted and she will contact them again about the additional repairs. There was a general discussion about the lack of inspections and timely repairs with Mr. Evans noting that he can ask around to see if there are other contractors who do streetlight repairs.

ADJOURNMENT

There being no further business to come before the Board, a motion was made by Mr. Gordish, seconded by Mr. Carr and passed unanimously to adjourn the Regular Board Meeting at 10:36 a.m.

Secretary/Assistant Secretary	Chair/Vice-Chair

Page 4 of 4

RESOLUTION 2022‐02

THE ANNUAL APPROPRIATION RESOLUTION OF THE ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT (“DISTRICT”) RELATING TO THE ANNUAL APPROPRIATIONS AND ADOPTING THE BUDGETS FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2022, AND ENDING SEPTEMBER 30, 2023; AUTHORIZING BUDGET AMENDMENTS; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the District Manager has, prior to the fifteenth (15th) day in June, 2022, submitted to the Board of Supervisors (“Board”) of the Arborwood Community Development District (“District”) proposed budgets (“Proposed Budget”) for the fiscal year beginning October 1, 2022 and ending September 30, 2023 (“Fiscal Year 2022/2023”) along with an explanatory and complete financial plan for each fund of the District, pursuant to the provisions of Section 190.008(2)(a), Florida Statutes; and

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

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

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

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

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

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

SECTION 1.   BUDGET

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

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

The Adopted Budget, as amended, shall be maintained in the office of the District Manager and at the District’s Local Records Office and identified as “The Budget for the Arborwood Community Development District for the Fiscal Year Ending September 30, 2023.”

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

SECTION 2.	APPROPRIATIONS

There is hereby appropriated out of the revenues of the District, for Fiscal Year 2022/2023, the sum of $3,775,044 to be raised by the levy of assessments and/or otherwise, which sum is deemed by the Board to be necessary to defray all expenditures of the District during said budget year, to be divided and appropriated in the following fashion:

TOTAL GENERAL FUND	$	504,512	

DEBT SERVICE FUND (SERIES 2014A‐1)	

$	506,727	

DEBT SERVICE FUND (SERIES 2014A‐2)	

$	106,793	

DEBT SERVICE FUND (SERIES 2014B)	

$	19,148	

DEBT SERVICE FUND (SERIES 2018A‐1)	

$	1,912,451	

DEBT SERVICE FUND (SERIES 2018A‐2)	

$	725,413	

TOTAL ALL FUNDS	

$	3,775,044	

SECTION 3.	BUDGET AMENDMENTS		

Pursuant to Section 189.016, Florida Statutes, the District at any time within Fiscal Year 2022/2023 or within 60 days following the end of the Fiscal Year 2022/2023 may amend its Adopted Budget for that fiscal year as follows:

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

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

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

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

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

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

PASSED AND ADOPTED THIS 20th DAY OF June, 2022.

ATTEST:	ARBORWOOD COMMUNITY
DEVELOPMENT DISTRICT

Secretary/Assistant Secretary

By:	 Its:	

Arborwood Community Development District

Final Budget Fiscal Year 2022/2023
October 1, 2022 - September 30, 2023

CONTENTS
1 - 3	REVENUE AND EXPENSE DESCRIPTIONS

FINAL TOTAL BUDGET

FINAL TOTAL BUDGET DETAIL

BUDGET COMPARISON

FINAL GENERAL FUND BUDGET

FINAL DEBT SERVICE FUND BUDGET - 2014 BOND

FINAL DEBT SERVICE FUND BUDGET - 2018 BOND

ASSESSMENTS RECAP - PARCEL A - MARINA BAY & BOTANICA LAKES

ASSESSMENTS RECAP - PARCELS B & D/E - BRIDGETOWN & SOMERSET

ASSESSMENTS RECAP - WCI PARCELS

ASSESSMENTS RECAP - OTHER PARCELS

GENERAL FUND METHODOLOGY

2014 BOND METHODOLOGY

2018 BOND METHODOLOGY

ON ROLL ASSESSMENT COMPARISON

REVENUES

1	GENERAL FUND ON ROLL ASSESSMENTS
All assessments placed on the tax roll for Operations & Maintenance.

2	GENERAL FUND DIRECT BILL ASSESSMENTS
Individual parcels not placed on the tax roll are billed directly by mail for Operations & Maintenance.

3	DEBT ON ROLL ASSESSMENTS - SERIES 2014A-1
Debt Assessments collected via the property tax roll for Series 2014 A-1 Bond.

4	DEBT DIRECT BILL ASSESSMENTS - SERIES 2014A-1
Debt Assessments collected via direct billing for Series 2014 A-1 Bond.

5	DEBT ON ROLL ASSESSMENTS - SERIES 2014A-2
Debt Assessments collected via the property tax roll for Series 2014 A-2 Bond.

6	DEBT DIRECT BILL ASSESSMENTS - SERIES 2014A-2
Debt Assessments collected via direct billing for Series 2014 A-2 Bond.

7	DEBT DIRECT BILL ASSESSMENTS - SERIES 2014B
Debt Assessments collected via direct billing for Series 2014 A-2 Bond.

8	DEBT ON ROLL ASSESSMENTS - SERIES 2018
Debt Assessments collected via the property tax roll for Series 2018 Bond.

9	DEBT DIRECT BILL ASSESSMENTS - SERIES 2018
Debt Assessments collected via direct billing for Series 2018 Bond.

10  MISCELLANEOUS REVENUE
Any Item that does not fall into the other income categories.

11  GENERAL FUND INTEREST INCOME
Any interest earned on the general fund balance is recorded in this category.

12  GENERAL FUND OTHER REVENUES
This is usually carry over funds from a prior year.

EXPENDITURES

13  PAYROLL TAX EXPENSE
For taxes associated with the payroll to supervisors.

14  SUPERVISOR FEES
Fees paid to supervisors for their service to the District.

15  ENGINEERING
State statute requires the District to have an engineer and pay for his or her services.

16  MANAGEMENT
State statute requires the District to have a manager and pay for his or her services.

17  LEGAL

State statute requires the District to have an attorney and pay for his or her services.

18  ASSESSMENT ROLL
The cost to prepare the assessment roll and submit it to the county tax collector.

1

19  ANNUAL AUDIT
State statue requires the District to have financial statements audited yearly.

20  ARBITRAGE REBATE FEE
This is a bond requirement related to the tax exempt status of the bonds.

21  INSURANCE
The District has a liability insurance policy that protects the supervisors and staff acting on the district's behalf.

22  LEGAL ADVERTISING
State statute requires the District to advertise meetings in advance.

23  MISCELLANEOUS
Any item that does not fit into a category already established.

24  POSTAGE

Any packages/letters sent on behalf of the district. Proposals, certified mail, etc. are charged to this category.

25  OFFICE SUPPLIES
This is mainly paper and ink cost related to any printed documents for the district.

26  DUES & SUBSCRIPTIONS
An annual due is required to pay to the state.

27  TRUSTEE FEES
Fees paid to the Bank Trustee responsible for the Bond bank accounts.

28  CONTINUING DISCLOSURE FEE
These are reports we have to file with the SEC related to any bonds.

29  AMORTIZATION SCHEDULES
This is the fee we are charged by either a trustee or financial advisor if we have to reamortize the bonds due to a prepayment.

30  WEBSITE

State statute requires the District to have a public website. This is the cost to run and host the website.

31  PROFESSIONAL FEE & PERMITS
Permit, survey, etc., cost related to maintenance or construction.

32  ELECTRICITY
Electric cost related to District owned equipment, i.e. wells, fountain pumps, etc.

33  TREELINE PRESEVE MAINT - EXOTICS
Removal of exotics annually

34  DRI TRAFFIC MONITORING
Bi-annual monitoring of traffic counts to verify actual traffic does not exceed design capacity

35  ENVIROMENTAL CONSULTING - PASSARELLA

Ecological consultant and management of preserve maintenance

36  PANTHER MITIGATION MAINT - EXOTICS
Panther mitigation is an offsite parcel that is required to have the exotics removed on an annual basis as consistent with the ACOE Permit

37  STREET LIGHTING - UTILITY & MAINT
Maintenance on district owned streetlights

38  CAPITAL OUTLAY - SMALL
Small, miscellaneous construction related to district improvements.

2

39  COUNTY APPRAISER & TAX COLLECTOR FEE
Fees charged to the District by the County Appraiser and Tax Collector for collecting the District's NAV Assessments.

40  FLOWWAY MAINT
Removal of plant material of east/west ditch on an annual basis to improve conveyance

41  MITIGATION MONITORING - (PARCEL C ONLY)
Inspection of the preserve located in Parcel C

42  PRESERVE MAINT - (PARCEL C ONLY)
Removal of exotics in Parcel C preserves

43  LAKE MAINT - AQUATIC CONTROL MAINT- (SOMERSET ONLY)
Maintenance of aquatic vegetation in Somerset lakes

44  LAKE MAINT - EROSION MAINT- (SOMERSET ONLY)
Maintenance of lake banks from erosion in Somerset lakes

44  PRESERVE MAINT - (SOMERSET ONLY)
Removal of exotics annually in the preserve in Somerset

45  FIELD INSPECTOR - (SOMERSET ONLY)
Staff person for public relations and coordination of maintenance

46  STORMWATER DRAINS INS & MAINT - (SOMERSET ONLY)
Inspection and maintenance of the stormwater drainage pipes in Somerset

47  STORMWATER DRAINS INS & MAINT - (BRIDGETOWN ONLY)
Inspection of the stormwater drainage pipes in Bridgetown and submitting report to Bridgetown HOA

48  DEBT PAYMENT (2014)
Total Interest and Principal Payment for the year for all the Parcel C Series 2014 Bonds

49  DEBT PAYMENT (2018)
Total Interest and Principal Payment for the year for all parcels except C for the Series 2018 Bonds

50  MISCELLANEOUS DEBT EXPENSE
Any debt expense other that the regularly scheduled principal and interest payments

51  DISCOUNTS FOR EARLY PAYMENTS
4% buffer to cover for all residents you pay early and receive a discount off their property tax bill, which can be up to 4%

3

TOTAL FISCAL YEAR 2022/2023
October 1, 2022 - September 30, 2023

REVENUES		TOTAL	
GENERAL FUND ON ROLL ASSESSMENT		500,974	
GENERAL FUND DIRECT BILL ASSESSMENT - WCI		3,538	
DEBT ON ROLL ASSESSMENT		3,212,720	
DEBT DIRECT BILL ASSESSMENT - WCI		57,812	
OTHER INCOME / CARRYOVER BALANCE				18,000	
Total Revenues		$	3,793,044	

EXPENDITURES			
PAYROLL TAX EXPENSE		880	
SUPERVISOR FEES		11,000	
ENGINEERING		32,500	
MANAGEMENT		38,568	
LEGAL		22,000	
ASSESSMENT ROLL		5,000	
ANNUAL AUDIT		5,350	
ARBITRAGE REBATE FEE		2,000	
INSURANCE		12,000	
LEGAL ADVERTISING		5,500	
MISCELLANEOUS		3,300	
POSTAGE		1,150	
OFFICE SUPPLIES		2,300	
DUES & SUBSCRIPTIONS		175	
TRUSTEE FEES		30,000	
CONTINUING DISCLOSURE FEE		4,000	
AMORTIZATION SCHEDULES		500	
WEBSITE		2,000	
PROFESSIONAL FEE & PERMITS		1,250	
TREELINE PRESEVE MAINT - EXOTICS		6,000	
DRI TRAFFIC MONITORING		10,000	
ENVIROMENTAL CONSULTING - PASSARELLA		22,000	
PANTHER MITIGATION MAINT - EXOTICS		80,000	
STREET LIGHTING - UTILITY & MAINT		13,000	
CAPITAL OUTLAY - SMALL		1,000	
COUNTY APPRAISER & TAX COLLECTOR FEE		10,000	
FLOWWAY MAINT		4,600	
MITIGATION MONITORING - (PARCEL C ONLY)		0	
PRESERVE MAINT - (PARCEL C ONLY)		10,800	
LAKE MAINT - (SOMERSET ONLY)		46,100	
LAKE BANK EROSION MAINT - (SOMERSET ONLY)		36,500	
PRESERVE MAINT - (SOMERSET ONLY)		35,000	
INSPECTOR - (SOMERSET ONLY)		25,500	
STORMWATER DRAINS INS & MAINT - (SOMERSET ONLY)		20,000	
STORMWATER DRAINS INS - (BRIDGETOWN ONLY)				2,500	
Total Expenditures		$	502,473	
			
EXCESS / (SHORTFALL)		$	3,290,571	

DEBT PAYMENTS (2014)		
(609,673)	
DEBT PAYMENTS (2018)		(2,532,350)	
MISCELLANEOUS DEBT EXPENSE		0	
BALANCE		$	148,548	

DISCOUNTS FOR EARLY PAYMENTS		
(148,548)	
NET EXCESS / (SHORTFALL)		$	-	

DETAILED TOTAL FISCAL YEAR 2022/2023
October 1, 2022 - September 30, 2023

GENERAL FUND

DEBT - SERIES 2014

DEBT - SERIES 2018

 A-1 & A-2	B			A-1 & A-2			TOTAL		
REVENUES							
GENERAL FUND ON ROLL ASSESSMENT		500,974	0	0	0	500,974	
GENERAL FUND DIRECT BILL ASSESSMENT - WCI		3,538	0	0	0	3,538	
DEBT ON ROLL ASSESSMENT		0	574,855	0	2,637,865	3,212,720	
DEBT DIRECT BILL ASSESSMENT - WCI		0	38,664	19,148	0	57,812	
OTHER INCOME / CARRYOVER BALANCE			18,000		0	0		0		18,000	
Total Revenues		 $	522,512	 $ 613,519  $  19,148	 $	2,637,865	 $  3,793,044	

EXPENDITURES						
PAYROLL TAX EXPENSE	880	0	0	0	880	
SUPERVISOR FEES	11,000	0	0	0	11,000	
ENGINEERING	32,500	0	0	0	32,500	
MANAGEMENT	38,568	0	0	0	38,568	
LEGAL	22,000	0	0	0	22,000	
ASSESSMENT ROLL	5,000	0	0	0	5,000	
ANNUAL AUDIT	5,350	0	0	0	5,350	
ARBITRAGE REBATE FEE	2,000	0	0	0	2,000	
INSURANCE	12,000	0	0	0	12,000	
LEGAL ADVERTISING	5,500	0	0	0	5,500	
MISCELLANEOUS	3,300	0	0	0	3,300	
POSTAGE	1,150	0	0	0	1,150	
OFFICE SUPPLIES	2,300	0	0	0	2,300	
DUES & SUBSCRIPTIONS	175	0	0	0	175	
TRUSTEE FEES	30,000	0	0	0	30,000	
CONTINUING DISCLOSURE FEE	4,000	0	0	0	4,000	
AMORTIZATION SCHEDULES	500	0	0	0	500	
WEBSITE	2,000	0	0	0	2,000	
PROFESSIONAL FEE & PERMITS	1,250	0	0	0	1,250	
TREELINE PRESEVE MAINT - EXOTICS	6,000	0	0	0	6,000	
DRI TRAFFIC MONITORING	10,000	0	0	0	10,000	
ENVIROMENTAL CONSULTING - PASSARELLA	22,000	0	0	0	22,000	
PANTHER MITIGATION MAINT - EXOTICS	80,000	0	0	0	80,000	
STREET LIGHTING - UTILITY & MAINT	13,000	0	0	0	13,000	
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)	0	0	0	0	0	
PRESERVE MAINT - (PARCEL C ONLY)	10,800	0	0	0	10,800	
LAKE MAINT - (SOMERSET ONLY)	46,100	0	0	0	46,100	
LAKE BANK EROSION MAINT - (SOMERSET ONLY)	36,500	0	0	0	36,500	
PRESERVE MAINT - (SOMERSET ONLY)	35,000	0	0	0	35,000	
INSPECTOR - (SOMERSET ONLY)	25,500	0	0	0	25,500	
STORMWATER DRAINS INS & MAINT - (SOMERSET ONLY)	20,000	0	0	0	20,000	
STORMWATER DRAINS INS - (BRIDGETOWN ONLY)				2,500			0	0			0			2,500	
Total Expenditures			 $	502,473		 $	-	$	-			 $	-			 $	502,473	
EXCESS / (SHORTFALL)			 $	20,039		 $ 613,519  $  19,148		 $	2,637,865		 $  3,290,571	

DEBT PAYMENTS (2014)	
0	
(590,525)	
(19,148)	
0	
(609,673)	
DEBT PAYMENTS (2018)	0	0	0	(2,532,350)	(2,532,350)	
MISCELLANEOUS DEBT EXPENSE	0	0	0	0	0	
BALANCE			 $	20,039		 $  22,994  $	-			 $	105,515		 $	148,548	

DISCOUNTS FOR EARLY PAYMENTS	
(20,039)	
(22,994)	
-	
(105,515)	
(148,548)	
NET EXCESS / (SHORTFALL)			 $	-			 $	-	$	-			 $	-			 $	-		

		FISCAL YEAR 2020/2021 ACTUAL *		FISCAL YEAR 2021/2022 ANNUAL BUDGET		FISCAL YEAR 2022/2023 ANNUAL BUDGET		

LARGE VARIANCE EXPLANATION	
									
REVENUES									

GENERAL FUND ON ROLL ASSESSMENT		
512,446		
504,210		
500,974		More platted lots on roll and assessment raised because carryover has been depleted	
GENERAL FUND DIRECT BILL ASSESSMENT - LENNAR		0		3,565		3,538		More lots on roll - results in less direct billed	
GENERAL FUND DIRECT BILL ASSESSMENT - OTHER		0		0		0			
DEBT ON ROLL ASSESSMENT		3,165,927		3,212,720		3,212,720		More lots on roll - results in less direct billed	
DEBT DIRECT BILL ASSESSMENT - WCI		235,481		57,812		57,812		More lots on roll - results in less direct billed	
PREPAYMENTS		0		0		0			
MISCELLANEOUS DEBT INCOME		0		0		0			
GENERAL FUND INTEREST INCOME/OTHER INCOME		0		0		0			

GENERAL FUND OTHER REVENUES/CARRYOVER BALANCE		0		15,000		18,000		Carryover Funds Being Used To Reduce
Assessments	
									
Total Revenues		$  3,913,854		$	3,793,308		$	3,793,044			
EXPENDITURES									
PAYROLL TAX EXPENSE		291		880		880			
SUPERVISOR FEES		3,800		11,000		11,000			
ENGINEERING		27,075		32,500		32,500		0	

MANAGEMENT		36,936		37,452		38,568		Annual CPI increase in contract (capped at
3%)	
LEGAL		7,824		23,000		22,000		(1,000)	
ASSESSMENT ROLL		5,000		5,000		5,000			
ANNUAL AUDIT		5,350		5,350		5,350		Accepted Amount For 2021/2022 Audit	
ARBITRAGE REBATE FEE		1,000		2,000		2,000			
INSURANCE		9,646		12,000		12,000			
LEGAL ADVERTISING		3,897		5,500		5,500			
MISCELLANEOUS		1,417		3,500		3,300			
POSTAGE		340		1,200		1,150			
OFFICE SUPPLIES		479		2,300		2,300			
DUES & SUBSCRIPTIONS		175		175		175			
TRUSTEE FEES		27,174		30,000		30,000			
CONTINUING DISCLOSURE FEE		3,000		4,000		4,000			
AMORTIZATION SCHEDULES		300		500		500			
WEBSITE		2,000		2,000		2,000			
PROFESSIONAL FEE & PERMITS		0		1,250		1,250			
TREELINE PRESEVE MAINT - EXOTICS		7,500		6,000		6,000		Last Expenditure Was In 2015	
DRI TRAFFIC MONITORING		0		10,000		10,000		Expenditure Occurs Every Two Years	
ENVIROMENTAL CONSULTING - PASSARELLA		23,462		20,000		22,000			
PANTHER MITIGATION MAINT - EXOTICS		80,000		80,000		80,000			
STREET LIGHTING - UTILITY & MAINT		7,653		15,000		13,000			
CAPITAL OUTLAY - SMALL		0		1,000		1,000			
COUNTY APPRAISER & TAX COLLECTOR FEE		7,900		10,000		10,000			
FLOWWAY MAINT		0		4,600		4,600			
									
MITIGATION MONITORING - (PARCEL C ONLY)		0		0		0		Last Expenditure Was In 2018	
PRESERVE MAINT - (PARCEL C ONLY)		5,400		10,800		10,800			
									
LAKE MAINT - AQAUTIC CONTROL - (SOMERSET ONLY)		46,068		46,100		46,100			
LAKE BANK EROSION MAINT - (SOMERSET ONLY)		35,340		36,500		36,500			
PRESERVE MAINT - (SOMERSET ONLY)		35,000		35,000		35,000			
FIELD INSPECTOR - (SOMERSET ONLY)		25,229		25,500		25,500			
STORMWATER DRAINS INS & MAINT - (SOMERSET ONLY)		22,225		20,000		20,000			
									
STORMWATER DRAINS INS - (BRIDGETOWN ONLY)		0		2,500		2,500			
									
Total Expenditures		431,481		502,608		502,473			
									
EXCESS / (SHORTFALL)		$ 3,482,373		$	3,290,700		$	3,290,571			
									
DEBT PAYMENTS (2014)		(741,524)		(609,673)		(609,673)			
DEBT PAYMENTS (2018)		(2,531,022)		(2,532,350)		(2,532,350)			
MISCELLANEOUS DEBT EXPENSE		0		-		-			
									
BALANCE		$	209,827		$	148,677		$	148,548			

DISCOUNTS FOR EARLY PAYMENTS		(139,905)		(148,677)		(148,548)		Higher assessments on roll results in higher
discount potential	
									
NET EXCESS / (SHORTFALL)		$	69,922		$	0		$	-			

BUDGET COMPARISON
ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT

1
2
3
4
5
6
7
8

9

10
11
12

13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36

37

38

39

40

41

42

43

44

45

46

47

48

* Un-audited figures

GENERAL FUND FISCAL YEAR 2022/2023
October 1, 2022 - September 30, 2023

	FISCAL YEAR		FISCAL YEAR	
	2021/2022		2022/2023	
	ANNUAL BUDGET		ANNUAL BUDGET	
REVENUES					
ON ROLL ASSESSMENTS		504,210		500,974	
DIRECT BILL ASSESSMENTS - WCI		3,565		3,538	
INTEREST INCOME		0		0	
OTHER INCOME / CARRYOVER BALANCE		15,000		18,000	
Total Revenues			 $	522,775		 $	522,512	
EXPENDITURES					
PAYROLL TAX EXPENSE		880		880	
SUPERVISOR FEES		11,000		11,000	
ENGINEERING		32,500		32,500	
MANAGEMENT		37,452		38,568	
LEGAL		23,000		22,000	
ASSESSMENT ROLL		5,000		5,000	
ANNUAL AUDIT		5,350		5,350	
ARBITRAGE REBATE FEE		2,000		2,000	
INSURANCE		12,000		12,000	
LEGAL ADVERTISING		5,500		5,500	
MISCELLANEOUS		3,500		3,300	
POSTAGE		1,200		1,150	
OFFICE SUPPLIES		2,300		2,300	
DUES & SUBSCRIPTIONS		175		175	
TRUSTEE FEES		30,000		30,000	
CONTINUING DISCLOSURE FEE		4,000		4,000	
AMORTIZATION SCHEDULES		500		500	
WEBSITE		2,000		2,000	
PROFESSIONAL FEE & PERMITS		1,250		1,250	
TREELINE PRESEVE MAINT - EXOTICS		6,000		6,000	
DRI TRAFFIC MONITORING		10,000		10,000	
ENVIROMENTAL CONSULTING - PASSARELLA		20,000		22,000	
PANTHER MITIGATION MAINT - EXOTICS		80,000		80,000	
STREET LIGHTING - UTILITY & MAINT		15,000		13,000	
CAPITAL OUTLAY - SMALL		1,000		1,000	
COUNTY APPRAISER & TAX COLLECTOR FEE		10,000		10,000	
FLOWWAY MAINT		4,600		4,600	
MITIGATION MONITORING - (PARCEL C ONLY)		0		0	
PRESERVE MAINT - (PARCEL C ONLY)		10,800		10,800	
LAKE MAINT - AQAUTIC CONTROL - (SOMERSET ONLY)		46,100		46,100	
LAKE BANK EROSION MAINT - (SOMERSET ONLY)		36,500		36,500	
PRESERVE MAINT - (SOMERSET ONLY)		35,000		35,000	
FIELD INSPECTOR - (SOMERSET ONLY)		25,500		25,500	
STORMWATER DRAINS INS & MAINT - (SOMERSET ONLY)		20,000		20,000	
STORMWATER DRAINS INS - (BRIDGETOWN ONLY)		2,500		2,500	
Total Expenditures			 $	502,607		 $	502,473	
EXCESS / (SHORTFALL)			 $	20,168		 $	20,039	
DISCOUNTS FOR EARLY PAYMENTS		(20,168)		(20,039)	
NET EXCESS / (SHORTFALL)			 $	-			 $	-		
Approximate Fund Balance as of 9-30-2022 = 260,000.00					

2014 DEBT SERVICE FUND FISCAL YEAR 2022/2023
October 1, 2022 - September 30, 2023

	2014A-1			2014A-2	
FISCAL YEAR	FISCAL YEAR
2022/2023	2022/2023
 ANNUAL BUDGET 	 ANNUAL BUDGET 

REVENUES		REVENUES	
Net On Roll Assessments			455,801	Net On Roll Assessments			96,060 Direct Bill Assessments - WCI				31,934	Direct Bill Assessments - WCI				6,730

Total Revenues	

 $	487,735

Total Revenues	

 $	102,790

EXPENDITURES		EXPENDITURES	
Principal Payments	190,000	Principal Payments	40,000
Interest Payments			297,735	Interest Payments			62,790 Miscellaneous				0	Miscellaneous				0

Total Expenditures

$	487,735

Total Expenditures

$	102,790

 		

 			

Excess / (S ortfall)	

 $	-

Excess / (S ortfall)	

 $	-

*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 =	May 1st	Annual Principal Payments Due =	Nov 1st
Annual Interest Payments Due =	May 1st & Nov 1st	Annual Interest Payments Due =	May 1st & Nov 1st
Par Amount As Of 1/1/22 =	 4,590,000	Par Amount As Of 1/1/22 =	 970,000

	2014 B	
FISCAL YEAR 2022/2023
 ANNUAL BUDGET 

REVENUES			
Net On Roll Assessments		0	
Direct Bill Assessments - WCI				19,148	
Total Revenues			 $	19,148	

EXPENDITURES				
Principal Payments		0	
Interest Payments		19,148	
Miscellaneous	
Total Expenditures				0
 $	19,148 **	
Excess / (S ortfall)			
 $	-	

**Note: Based on current bond balance, actual amount will be lower as payoff checks are received.

	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 =	N/A	
Par Amount As Of 1/1/22 =	 555,000	

FINAL BUDGET
ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT 2018 DEBT SERVICE FUND
FISCAL YEAR 2022/2023
October 1, 2022 - September 30, 2023

2018 A-1 & A-2

FISCAL YEAR

Series 2018 A-1 Bond Information

2022/2023	Original Par Amount =	 24,465,000	
	  ANNUAL BUDGET 	Average Interest Rate =	3.02%	
		Maturity Date =	May 2036	
REVENUES			Annual Principal Payments Due =	May 1st	
Net On Roll Assessments	2,532,350	Annual Interest Payments Due =	May 1st & November 1st	
		Par Amount As Of 1-1-22 =	 21,035,000	
Total Revenues			 $	2,532,350		 	
Series 2018 A-2 Bond Information	
EXPENDITURES						
Principal Payments A-1		1,150,000		Original Par Amount =	 8,740,000	
Interest Payments A-1		650,249		Average Interest Rate =	4.65%	
Principal Payments A-2		355,000		Maturity Date =	May 2036	
Interest Payments A-2		327,634		Annual Principal Payments Due =	May 1st	
Miscellaneous / Prepayment				49,467		Annual Interest Payments Due =	May 1st & November 1st	
Total Expenditures			 $	2,532,350		Par Amount As Of 1-1-22 =	 7,260,000	

Excess / (S ortfall)		 $	-

9

Assessment Recap - Parcel A Marina Bay & Botanica Lakes
Fiscal Year 2022/2023 October 1, 2022 - September 30, 2023

PARCEL A - MARINA BAY & BOTANICA LAKES	

PARC L	PRODUCT
TYP 	TOTAL
UN TS	TOTAL GROSS
O& 	TOTAL GROSS
D BT	TOTAL GROSS
ASS SS NTS	
A	Villa / Townhome	240	12,030 46	71,280 00	83,310 46	
A	40' SF	365	18,296 32	136,145 00	154,441 32	
A	40' SF - PO	2	100 25	0 00	100 25	
A	45' SF	269	13,484 14	104,910 00	118,394 14	
A	45' SF / Villa *	6	300 76	2,340 00	2,640 76	
A	45' SF - PO	1	50 13	0 00	50 13	
A	52' SF	564	28,271 57	232,932 00	261,203 57	
A	52' SF - PO	1	50 13	0 00	50 13	
A	62' SF	33	1,654 19	14,949 00	16,603 19	
Total		1,481	74,237 93	562,556 00	636,793 93	

ON ROLL GROSS
P R UN T TOTAL	
 	347.13	
 	423.13	
 	50.13	
 	440.13	
 	440.13	
 	50.13	
 	463.13	
 	50.13	
 	503.13	

MARINA BAY

PARC L	PRODUCT
TYP 	UN TS	O& GROSS	D BT GROSS	TOTAL GROSS	
A	Villa / Townhome	240	12,030 46	71,280 00	83,310 46	
A	40' SF	0	0 00	0 00	0 00	
A	40' SF - PO	0	0 00	0 00	0 00	
A	45' SF	269	13,484 14	104,910 00	118,394 14	
A	45' SF / Villa *	6	300 76	2,340 00	2,640 76	
A	45' SF - PO	1	50 13	0 00	50 13	
A	52' SF	247	12,381 34	102,011 00	114,392 34	
A	52' SF - PO	0	0 00	0 00	0 00	
A	62' SF	33	1,654 19	14,949 00	16,603 19	
Total		796	39,901 01	295,490 00	335,391 01	

BOTANICA LAKES

PARC L	PRODUCT
TYP 	UN TS	O& GROSS	D BT GROSS	TOTAL GROSS	
A	Villa / Townhome	0	0 00	0 00	0 00	
A	40' SF	365	18,296 32	136,145 00	154,441 32	
A	40' SF - PO	2	100 25	0 00	100 25	
A	45' SF	0	0 00	0 00	0 00	
A	45' SF - PO	0	0 00	0 00	0 00	
A	52' SF	317	15,890 23	130,921 00	146,811 23	
A	52' SF - PO	1	50 13	0 00	50 13	
A	62' SF	0	0 00	0 00	0 00	
Total		685	34,336 92	267,066 00	301,402 92	

PO = Paid Off There are a few home owners that have paid their bonds offs 
* The District's methodology allocates assessments based on the size of the lot, not the structure constructed on the lot size  As a result, even though the dwellings constructed on these six lots are Villas, the lots are 45' lots and are allocated assessments based on the lot 

Assessment Recap - Parcels B & D/E Bridgetown & Somerset
Fiscal Year 2022/2023 October 1, 2022 - September 30, 2023

PARCELS B & D/E - BRIDGETOWN & SOMERSET	

BRIDGETOWN

PARC L	PRODUCT
TYP 	UN TS	O&  GROSS	D BT GROSS	TOTAL GROSS
ASS SS NT	
B	MF - (2)	66	5,998 71	84,216 00	90,214 71	
B	MF - (3)	36	3,272 02	36,180 00	39,452 02	
B	SF 42' - (1)	186	16,905 45	90,768 00	107,673 45	
B	SF 42' - (3)	39	3,544 69	39,195 00	42,739 69	
B	SF 55' - (1)	232	21,086 37	151,728 00	172,814 37	
B	SF 55' - (2)	0	0 00	0 00	0 00	
B	SF 55' - (3)	71	6,453 16	71,284 00	77,737 16	
B	SF 67' - (1)	130	11,815 64	103,480 00	115,295 64	
B	SF 67' - (2)	38	3,453 80	48,488 00	51,941 80	
B	SF 67' - (3)	90	8,180 06	90,360 00	98,540 06	
B	SF 67' - (4)	33	2,999 35	47,784 00	50,783 35	
B	SF 75' - (1)	0	0 00	0 00	0 00	
B	SF 75' - (2)	34	3,090 24	49,164 00	52,254 24	
B	SF 75' - (3)	3	272 67	3,522 00	3,794 67	
B	SF 75' - (4)	27	2,454 02	41,364 00	43,818 02	
Total		985	89,526	857,533	947,059	

 	
GROSS
P R UN T TOTAL	
 	1,366.89	
 	1,095.89	
 	578.89	
 	1,095.89	
 	744.89	
 	-	
 	1,094.89	
 	886.89	
 	1,366.89	
 	1,094.89	
 	1,538.89	
 	-	
 	1,536.89	
 	1,264.89	
 	1,622.89	

SOMERSET

PARC L	PRODUCT
TYP 	UN TS	O&  GROSS	D BT GROSS	TOTAL GROSS
ASS SS NT	
D/E	MF - (1)	43	11,427 26	21,414 00	32,841 26	
D/E	MF - (2)	123	32,687 29	156,948 00	189,635 29	
D/E	MF - (3)	27	7,175 26	27,135 00	34,310 26	
D/E	MF - (4)	27	7,175 26	39,096 00	46,271 26	
D/E	SF 55' - (1)	78	20,728 52	51,012 00	71,740 52	
D/E	SF 55' - (2)	126	33,484 54	160,776 00	194,260 54	
D/E	SF 55' - (3)	46	12,224 51	46,184 00	58,408 51	
D/E	SF 67' - (1)	96	25,512 03	76,416 00	101,928 03	
D/E	SF 67' - (2)	101	26,840 78	128,876 00	155,716 78	
D/E	SF 67' - (3)	53	14,084 77	53,212 00	67,296 77	
D/E	SF 67' - (4)	30	7,972 51	43,440 00	51,412 51	
D/E	SF 67' - (5)	3	797 25	0 00	797 25	
D/E	SF 75' - (1)	57	15,147 77	50,673 00	65,820 77	
D/E	SF 75' - (2)	77	20,462 77	111,342 00	131,804 77	
D/E	SF 75' - (3)	27	7,175 26	31,698 00	38,873 26	
D/E	SF 75' - (4)	39	10,364 26	59,748 00	70,112 26	
D/E	SF 75' - (5)	1	265 75	0 00	265 75	
Total		954	253,526	1,057,970	1,311,496	

 	
GROSS
P R UN T TOTAL	
 	763.75	
 	1,541.75	
 	1,270.75	
 	1,713.75	
 	919.75	
 	1,541.75	
 	1,269.75	
 	1,061.75	
 	1,541.75	
 	1,269.75	
 	1,713.75	
 	265.75	
 	1,154.75	
 	1,711.75	
 	1,439.75	
 	1,797.75	
 	265.75	

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

Assessment Recap - WCI Parcel
Fiscal Year 2022/2023 October 1, 2022 - September 30, 2023

WCI PARCEL	

PARC L	PRODUCT
TYP 	TOTAL
UN TS	ON ROLL
UN TS	D R CT B LL
UN TS	
C	6 - plex	120	120	0	
C	4 - plex	164	108	56	
C	46' SF	62	62	0	
C	52' SF	219	219	0	
C	67' SF	129	129	0	
Total		694	638	56	
WCI ON ROLL

PARC L	PRODUCT
TYP 	ON ROLL
UN TS	O& GROSS
ON ROLL	S R S 2014 GROSS ON ROLL
A 1 & A 2 Co 	
C	6 - plex	120	7,897 50	86,304 62	
C	4 - plex	108	7,107 75	77,674 16	
C	46' SF	62	4,080 37	55,420 57	
C	52' SF	219	14,412 93	207,011 15	
C	67' SF	129	8,489 81	148,444 22	
Total		638	41,988	574,855	

 	
ON ROLL GROSS
P R UN T TOTAL	
 	785.02	
 	785.02	
 	959.69	
 	1,011.07	
 	1,216.54	

WCI HOMES DIRECT BILL

PARC L	PRODUCT
TYP 	D R CT B LL
UN TS	O& N T
D R CT B LL	S R S 2014 N T D R CT B LL
A 1 & A 2 Co 	
C
C	6 - plex
4 - plex	0
56	0 00
3,538 08	0 00
38,664 47	
C	46' SF	0	0 00	0 00	
C	52' SF	0	0 00	0 00	
C	67' SF	0	0 00	0 00	
Total		56	3,538	38,664	

Arborwood Community Development District Assessment Recap - Ot er Parcels
Fiscal Year 2022/2023 October 1, 2022 - September 30, 2023

OTHER PARCELS	

PARC L	PRODUCT
TYP 	TOTAL
UN TS / ACR S	ON ROLL
UN TS	D R CT B LL
UN TS	

D/E	
Golf Course	
116	
116	
0	
G	Neighborhood Retail	21	21	0	
H-1	Retail/ Commercial	11	11	0	
H-2	RE Office	2	2	0	
Total		151	151	0	
OTHER ON ROLL

PARC L	PRODUCT
TYP 	ON ROLL
UN TS	O& GROSS
ON ROLL	2018 GROSS
ON ROLL	TOTAL GROSS
ON ROLL	

D/E	
Golf Course	
116	
37,092 85	
123,556 00	
160,648 85	
G	Neighborhood Retail	21	2,791 88	21,850 00	24,641 88	
H-1	Retail/ Commercial	11	1,483 43	11,900 00	13,383 43	
H-2	RE Office	2	327 44	2,500 00	2,827 44	
Total		151	41,696	159,806	201,502	

 	
ON ROLL GROSS
TOTAL	

160,648.85	
 	24,641.88	
 	13,383.43	
 	2,827.44	

ANNUAL ASSESSMENT METHODOLOGY - GENERAL FUND O&M FISCAL YEAR 2022/2023
OCTOBER 1, 2022 - SEPTEMBER 30, 2023

Total S ared O&M Expenditures

$  308,073.00

A

Allo at o o x  t  a A    t P U t

T a t	

Pa l	Allo at o P Pa l a  o G o A a 	A    t P U t	
		
B		
A*B=C	
C/96 	
D		
C/D=E	
E/96 	
		
G o A a 	
 o Total A a 		Allo at o o 
 x  t 	Total x  t 
G o    o Roll 	
P o t U t 		
N t A  t  U t	G o A t 
U t  O Roll 	
1	A	560 00	23 13 	 	71,268	 	74,238	1,481	 	48 12	 	50 13	
2	B	655 68	27 09 	 	83,445	 	86,922	985	 	84 72	 	88 25	
2	D/E	794 42	32 82 	 	101,102	 	105,314	954	 	105 98	 	110 39	
2	C	259 67	10 73 	 	33,047	 	34,424	694	 	47 62	 	49 60	
Total R  t al La U 	2,269.77	93.76 	 	288,862 	300,898	4,114	G o Total A t
  O Roll 	
2	Golf Course (part of Tract 2 Parcel D/E)	116 23	4 80 	 	14,792		15,408 35	
3	Neighborhood Retail-G	21 06	0 87 	 	2,680		2,791 88	
4	Retail/ Commercial H-1	11 19	0 46 	 	1,424		1,483 43	
5	RE Office-H-2	2 47	0 10 	 	314		327 44	
Total No R  t al La U 	150.95	6.24 	 	19,211		
G a Total G o 	2,420.72	100.00 	 	308,073		

$  163,100.00

Total -Somerset Only- O&M Expenditures

T a t	
Pa l	
G o A a 	
 o Total A a 	Allo at o o 
 x  t 	Total x  t 
G o    o Roll 	
P o t U t 		
N t A  t  U t	G o A t 
U t  O Roll 	
2	D/E	794 42	87 24 	142,283	 	148,211	954	 	149 14	 	155 36	
2	Golf Course (part of Tract 2
Parcel D/E)	116 23	12 76 	20,817	 	21,685		21,684 50	
Total 	
910.65	
100.00% 	
163,100	
 	
169,896		

$	10,800.00

Total -Parcel C Only O&M Expenditures

T a t	
Pa l	
G o A a 	
 o Total A a 	Allo at o o 
 x  t 	Total x  t 
G o    o Roll 	
P o t U t 		
N t A  t  U t	G o A t 
U t  O Roll 	
2	C	259 67	100 00 	10,800	 	11,250	694	 	15 56	 	16 21	

$	2,500.00

Total -Bridgetown Only O&M Expenditures

T a t	
Pa l	
G o A a 	
 o Total A a 	Allo at o o 
 x  t 	Total x  t 
G o    o Roll 	
P o t U t 		
N t A  t  U t	G o A t 
U t  O Roll 	
2	B	655 68	100 00 	2,500	 	2,604	985	 	2 54	 	2 64	

Net 2014 A1 & A2 Principal & Interest
Payment Due:	
Net Total MADs	
% Difference	
$	590,525.00	$	598,173.89	98.721%	

*

Parcel - Product Type	

Planned Units	

Platted Units ON
Roll	Per Unit ERU Multiplied by
Net Due Grossed up Assmt/Plttd.
Unit	

Assessments
Platted	

OFF Roll	
PARCEL C - 6 - Plex	120	120	 	719.21	 	86,304.62	 	-	
PARCEL C - 4 - Plex	164	108	 	719.21	 	77,674.16	 	38,664	
PARCEL C - 46' Single Family	62	62	 	893.88	 	55,420.57	 	-	
PARCEL C - 52' Single Family	219	219	 	945.26	 	207,011.15	 	-	
PARCEL C - 67' Single Family	129	129	 	1,150.73	 	148,444.22	 	-	
						
Grand Total	694	638		$  574,854.72	$	38,664.47	

Per Unit ERUs
from Met odology	

Category Total using ERUs and Lot Count from Met odology	
Category % of ERUs Total  % of
Bond
Assessment	
0.70	84.00	14.0304%	
0.70	114.80	19.1749%	
0.87	53.94	9.0095%	
0.92	201.48	33.6529%	
1.12	144.48	24.1323%	
			
	598.70	100.0000%	

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

$2,637,865

Gross MADs w en all platted

GRAND TOTAL	2,637,865	0	2,637,865

Parcel - Product Type	
Planned Units	
Platted Units
ON Roll	
Gross Annual
M.A.D	Total Assessments
Platted	

OFF Roll Net	
						
PARCEL A - Villa / Townhome	240	240	297	71,280	0	
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'	269	269	390	104,910	0	
PARCEL A - Single Family 45' / Villa *	6	6	390	2,340	0	
PARCEL A - Single Family 45' -PO	1	1	0	0	0	
PARCEL A - Single Family 52'	564	564	413	232,932	0	
PARCEL A - Single Family 52' - PO	1	1	0	0	0	
PARCEL A - Single Family 62'	33	33	453	14,949	0	

Subtotal Parcel A	
1,481	
1,481		
562,556	
0	
						
PARCELS B - Multi Family and Twin Villas - (2)	66	66	1,276	84,216	0	
PARCELS B - Multi Family and Twin Villas - (3)	36	36	1,005	36,180	0	
PARCELS B - Single Family 42' - (1)	186	186	488	90,768	0	
PARCELS B - Single Family 42' - (3)	39	39	1,005	39,195	0	
PARCELS B - Single Family 55' - (1)	232	232	654	151,728	0	
PARCELS B - Single Family 55' - (2)	0	0	1,276	0	0	
PARCELS B - Single Family 55' - (3)	71	71	1,004	71,284	0	
PARCELS B - Single Family 67' - (1)	130	130	796	103,480	0	
PARCELS B - Single Family 67' - (2)	38	38	1,276	48,488	0	
PARCELS B - Single Family 67' - (3)	90	90	1,004	90,360	0	
PARCELS B - Single Family 67' - (4)	33	33	1,448	47,784	0	
PARCELS B - Single Family 75' - (1)	0	0	889	0	0	
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	
985	
985		
857,533	
0	
						
PARCELS D/E - Multi Family and Twin Villas - (1)	43	43	498	21,414	0	
PARCELS D/E - Multi Family and Twin Villas - (2)	123	123	1,276	156,948	0	
PARCELS D/E - Multi Family and Twin Villas - (3)	27	27	1,005	27,135	0	
PARCELS D/E - Multi Family and Twin Villas - (4)	27	27	1,448	39,096	0	
PARCELS D/E - Single Family 55' - (1)	78	78	654	51,012	0	
PARCELS D/E - Single Family 55' - (2)	126	126	1,276	160,776	0	
PARCELS D/E - Single Family 55' - (3)	46	46	1,004	46,184	0	
PARCELS D/E - Single Family 67' - (1)	96	96	796	76,416	0	
PARCELS D/E - Single Family 67' - (2)	101	101	1,276	128,876	0	
PARCELS D/E - Single Family 67' - (3)	53	53	1,004	53,212	0	
PARCELS D/E - Single Family 67' - (4)	30	30	1,448	43,440	0	
PARCELS D/E - Single Family 67' - (5)	3	3	0	0	0	
PARCELS D/E - Single Family 75' - (1)	57	57	889	50,673	0	
PARCELS D/E - Single Family 75' - (2)	77	77	1,446	111,342	0	
PARCELS D/E - Single Family 75' - (3)	27	27	1,174	31,698	0	
PARCELS D/E - Single Family 75' - (4)	39	39	1,532	59,748	0	
PARCELS D/E - Single Family 75' - (5)	1	1	0	0	0	

Subtotal Parcels D/E	
954	
954		
1,057,970	
0	

Total Residential Units Parcels A, B, D, E	
3,420	
3,420		
2,478,059	
0	

Category Total MADs from Met odology	
	
71,280	
136,145	
0	
104,910	
2,340	
0	
232,932	
0	
14,949	

84,216	
36,180	
90,768	
39,195	
151,728	
0	
71,284	
103,480	
48,488	
90,360	
47,784	
0	
49,164	
3,522	
41,364	

21,414	
156,948	
27,135	
39,096	
51,012	
160,776	
46,184	
76,416	
128,876	
53,212	
43,440	
0	
50,673	
111,342	
31,698	
59,748	
0	
	
123,556	
21,850	
11,900	
2,500	

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

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

* The District's methodology allocates assessments based on the size of the lot, not the structure constructed on the lot size. As a result, even though the dwellings constructed on these six lots are Villas, the lots are 45' lots and are allocated assessments based on the lot.

Arborwood Community Development District On Roll Assessment Comparsion
Fiscal Year 2022/2023 October 1, 2022 - September 30, 2023

	
Product	Gross
Fiscal Year 2021/2022	Gross
Fiscal Year 2022/2023	
Parcel	Type	On Roll Assessment Per Unit	On Roll Assessment Per Unit	
GL Homes				
A	Villa / Townhome	 347.64	$347.13	
A	40' SF	 423.64	$423.13	
A	40' SF - PO	 50.64	$50.13	
A	45' SF	 440.64	$440.13	
A	45' SF / Villa *	 440.64	$440.13	
A	45' SF - PO	 50.64	$50.13	
A	52' SF	 463.64	$463.13	
A	52' SF - PO	 50.64	$50.13	
A	62' SF	 503.64	$503.13	

Pulte

* The District's methodology allocates assessments based on the size of the lot, not the structure constructed on the lot
size As a result, even though the dwellings constructed on these six lots are Villas, the lots are 45' lots and are allocated assessments based on the lot 

B	MF - (2)	 1,367.79	$1,366.89	
B	MF - (3)	 1,096.79	$1,095.89	
B	SF 42' - (1)	 579.79	$578.89	
B	SF 42' - (3)	 1,096.79	$1,095.89	
B	SF 55' - (1)	 745.79	$744.89	
B	SF 55' - (2)	 0.00	$0.00	
B	SF 55' - (3)	 1,095.79	$1,094.89	
B	SF 67' - (1)	 887.79	$886.89	
B	SF 67' - (2)	 1,367.79	$1,366.89	
B	SF 67' - (3)	 1,095.79	$1,094.89	
B	SF 67' - (4)	 1,539.79	$1,538.89	
B	SF 75' - (1)	 0.00	$0.00	
B	SF 75' - (2)	 1,537.79	$1,536.89	
B	SF 75' - (3)	 1,265.79	$1,264.89	
B	SF 75' - (4)	 1,623.79	$1,622.89	
D/E	MF - (1)	 764.87	$763.75	
D/E	MF - (2)	 1,542.87	$1,541.75	
D/E	MF - (3)	 1,271.87	$1,270.75	
D/E	MF - (4)	 1,714.87	$1,713.75	
D/E	SF 55' - (1)	 920.87	$919.75	
D/E	SF 55' - (2)	 1,542.87	$1,541.75	
D/E	SF 55' - (3)	 1,270.87	$1,269.75	
D/E	SF 67' - (1)	 1,062.87	$1,061.75	
D/E	SF 67' - (2)	 1,542.87	$1,541.75	
D/E	SF 67' - (3)	 1,270.87	$1,269.75	
D/E	SF 67' - (4)	 1,714.87	$1,713.75	
D/E	SF 67' - (5)	 266.87	$265.75	
D/E	SF 75' - (1)	 1,155.87	$1,154.75	
D/E	SF 75' - (2)	 1,712.87	$1,711.75	
D/E	SF 75' - (3)	 1,440.87	$1,439.75	
D/E	SF 75' - (4)	 1,798.87	$1,797.75	
D/E	SF 75' - (5)	 266.87	$265.75	
	(1) Full 2005A-2 Assessments and Paid Off 2006A-3 Assessments		
	(2) Full 2005A-2 Assessments and Full 2006A-3 Assessments		
	(3) Full 2005A-2 Assessments and Partial Buydown 2006A-3 Assessments		
	(4) Full 2005A-2 Assessments, Full 2006A-3 Assessments and Full 2006A-2 Assessments		
	(5) All Bonds Paid Off - Still Pay O&M		
WCI			
C	6 - Plex	 792.25	$785.02	
C	4 - Plex	 792.25	$785.02	
C	46' SF	 968.56	$959.69	
C	52' SF	 1,020.42	$1,011.07	
C	67' SF	 1,227.82	$1,216.54	

Others			
D/E	Golf Course	 160,805.60	$160,648.85	
G	Neighborhood Retail	 24,670.28	$24,641.88	
H-1	Retail/ Commercial	 13,398.52	$13,383.43	
H-2	RE Office	 2,830.77	$2,827.44	

RESOLUTION 2022‐03

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT MAKING A DETERMINATION OF BENEFIT AND IMPOSING SPECIAL ASSESSMENTS FOR FISCAL YEAR 2022/2023; PROVIDING FOR THE COLLECTION AND ENFORCEMENT OF SPECIAL ASSESSMENTS, INCLUDING BUT NOT LIMITED TO PENALTIES AND INTEREST THEREON; CERTIFYING AN ASSESSMENT ROLL; PROVIDING FOR AMENDMENTS TO THE ASSESSMENT ROLL; PROVIDING A SEVERABILITY CLAUSE; AND PROVIDING AN EFFECTIVE DATE.

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

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

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

WHEREAS, the Board of Supervisors (“Board”) of the District hereby determines to undertake various operations and maintenance and other activities described in the District’s budget (“Adopted Budget”) for the fiscal year beginning October 1, 2022 and ending September 30, 2023 (“Fiscal Year 2022/2023”), attached hereto as Exhibit “A;” and

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

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

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

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

WHEREAS, the District has previously levied an assessment for debt service, which the District desires to collect for Fiscal Year 2022/2023; and

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

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

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

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

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

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

SECTION 3.	COLLECTION AND ENFORCEMENT; PENALTIES; INTEREST.

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

Direct Bill Assessments. The operations and maintenance special assessments and previously levied debt service special assessments imposed on the Direct Collect Property shall be collected directly by the District in accordance with Florida law, as set forth in Exhibits “A” and “B.” Assessments directly collected by the District are due in full on December 1, 2022; provided, however, that, to the extent permitted by law, the assessments due may be paid in several partial, deferred payments and according to the following schedule: 50% due no later than April 15, 2023 and 50% due no later than September 30, 2023. In the event that an assessment payment is not made in accordance with the schedule stated above, the whole assessment – including any remaining partial, deferred payments for Fiscal Year 2022/2023, shall immediately become due and payable; shall accrue interest, penalties in the amount of one percent (1%) per month, and all costs of collection and enforcement; and shall either be enforced pursuant to a foreclosure action, or, at the District’s sole discretion, collected pursuant to the Uniform Method on a future tax bill, which amount may include penalties, interest, and costs of collection and enforcement. Any prejudgment interest on delinquent assessments shall accrue at the rate of any bonds secured by the assessments, or at the statutory prejudgment interest rate, as applicable. In the event an assessment subject to direct collection by the District shall be delinquent, the District Manager and District Counsel, without further authorization by the Board, may initiate foreclosure proceedings pursuant to Chapter 170, Florida Statutes, or other applicable law to collect and enforce the whole assessment, as set forth herein.

Future Collection Methods. The decision to collect special assessments by any particular method – e.g., on the tax roll or by direct bill – does not mean that such method will be used to collect special assessments in future years, and the District reserves the right in its sole discretion to select collection methods in any given year, regardless of past practices.

SECTION 4. ASSESSMENT ROLL. The Assessment Roll, attached to this Resolution as Exhibit “B,” is hereby certified for collection. That portion of the Assessment Roll which includes the Tax Roll Property is hereby certified to the County Tax Collector and shall be collected by the County Tax Collector in the same manner and time as County taxes. The proceeds therefrom shall be paid to the District.

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

SECTION 6. SEVERABILITY. The invalidity or unenforceability of any one or more provisions of this Resolution shall not affect the validity or enforceability of the remaining portions of this Resolution, or any part thereof.

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

PASSED AND ADOPTED this 20th day of June, 2022.

ATTEST:	ARBORWOOD COMMUNITY
DEVELOPMENT DISTRICT

Secretary / Assistant Secretary

By:	 Its:	

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

RESOLUTION NO. 2022-04

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT, ESTABLISHING A REGULAR MEETING SCHEDULE FOR FISCAL YEAR 2022/2023 AND SETTING THE TIME AND LOCATION OF SAID DISTRICT MEETINGS; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, it is necessary for the Arborwood Community Development District ("District") to establish a regular meeting schedule for fiscal year 2022/2023; and

WHEREAS, the Board of Supervisors of the District has set a regular meeting schedule, location and time for District meetings for fiscal year 2022/2023 which is attached hereto and made a part hereof as Exhibit “A”.

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

Section 1.   The above recitals are hereby adopted.

Section 2.  The regular meeting schedule, time and location for meetings for fiscal year 2022/2023 which is attached hereto as Exhibit “A” is hereby adopted and authorized to be published.

PASSED, ADOPTED and EFFECTIVE this 20th day of June, 2022.

ATTEST:	ARBORWOOD
COMMUNITY DEVELOPMENT DISTRICT

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

ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2022/2023 REGULAR MEETING SCHEDULE
Regular Meetings of the Board of Supervisors of the Arborwood Community Development District will be held at 9:00 a.m. in the Bridgetown at the Plantation Amenity Center - Barbados Room located at 11741 Kingsbridge Boulevard, Fort Myers, Florida 33913 on the following dates:

October 17, 2022
November 21, 2022
December 19, 2022
January 16, 2023
February 20, 2023
March 20, 2023
April 17, 2023
May 15, 2023
June 19, 2023
July 17, 2023
August 21, 2023
September 18, 2023

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

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

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

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

Kathleen Meneely District Manager
Arborwood Community Development District www.arborwoodcdd.org
PUBLISH: FORT MYERS NEWS-PRESS 0/08/22

Income

01-3100 · O & M Assessments (On-Roll)	499,255 97		504,210 00		-4,954 03		99 02%	
01-3305 · O&M Assesments (Off-Roll)	0 00		3,565 00		-3,565 00		0 0%	
01-3812 · Debt Assessments (2018)	2,611,865 55		2,637,865 00		-25,999 45		99 01%	
01-3818 · Debt Assessments (2014)	574,518 00		812,114 00		-237,596 00		70 74%	
01-3822 · Debt Assess-Pd To Trustee-2018	-2,504,196 30		-2,532,350 00		28,153 70		98 89%	
01-3829 · Debt Asses-Pd To Trustee-2014	-550,835 05		-788,905 00		238,069 95		69 82%	
01-3830 · Assessment Fees	-9,993 54		-10,000 00		6 46		99 94%	
01-3831 · Assessment Discounts	-141,940 34		-148,892 00		6,951 66		95 33%	
01-9400 · Other Revenue	0 00		15,000 00		-15,000 00		0 0%	
Total Income	478,674 29		492,607 00		-13,932 71		97 17%	
Expense								
01-1130 · Payroll Tax Expense	520 20		880 00		-359 80		59 11%	
01-1131 · Supervisor Fees	6,800 00		11,000 00		-4,200 00		61 82%	
01-1310 · Engineering	27,772 26		32,500 00		-4,727 74		85 45%	
01-1311 · Management Fees	24,968 00		37,452 00		-12,484 00		66 67%	
01-1313 · Website Management	1,333 28		2,000 00		-666 72		66 66%	
01-1315 · Legal Fees	7,187 00		23,000 00		-15,813 00		31 25%	
01-1318 · Assessment/Tax Roll	0 00		5,000 00		-5,000 00		0 0%	
01-1320 · Audit Fees	0 00		5,350 00		-5,350 00		0 0%	
01-1330 · Arbitrage Rebate Fee	1,000 00		2,000 00		-1,000 00		50 0%	
01-1332 · Amortization Schedule Fee	0 00		500 00		-500 00		0 0%	
01-1450 · Insurance	9,983 00		12,000 00		-2,017 00		83 19%	
01-1480 · Legal Advertisements	1,218 32		5,500 00		-4,281 68		22 15%	
01-1512 · Miscellaneous	1,484 65		3,500 00		-2,015 35		42 42%	
01-1513 · Postage and Delivery	288 85		1,200 00		-911 15		24 07%	
01-1514 · Office Supplies	881 85		2,300 00		-1,418 15		38 34%	
01-1540 · Dues, License & Subscriptions	175 00		175 00		0 00		100 0%	
01-1555 · Trustee Fees	27,174 38		30,000 00		-2,825 62		90 58%	
01-1743 · Continuing Disclosure Fee	3,000 00		4,000 00		-1,000 00		75 0%	
01-1811 · Professional Fee & Permits	0 00		1,250 00		-1,250 00		0 0%	

01-1815 · Miscellaneous Maintenance	488 60		0 00		488 60		100 0%	
01-1816 · Treeline Preserve Maint-Exotics	0 00		6,000 00		-6,000 00		0 0%	
01-1818 · DRI / Traffic Monitoring	0 00		10,000 00		-10,000 00		0 0%	
01-1819 · Environmentl Cnsltng-Passarella	5,170 00		20,000 00		-14,830 00		25 85%	
01-1820 · Panther Mitigation Mnt-Exotics	80,000 00		80,000 00		0 00		100 0%	
01-1822 · Street Lighting-Utility & Maint	4,100 67		15,000 00		-10,899 33		27 34%	
01-1824 · Field Inspector - Somerset Only	16,404 72		25,500 00		-9,095 28		64 33%	
01-1825 · Lake Maintenance-Somerset Only	30,712 00		46,100 00		-15,388 00		66 62%	
01-1826 · Preserve Maint - Somerset Only	0 00		35,000 00		-35,000 00		0 0%	
01-1827 · Flowway Maintenance	0 00		4,600 00		-4,600 00		0 0%	
01-1828 · Preserve Maint (Parcel C Only)	0 00		10,800 00		-10,800 00		0 0%	
01-1829 · Lake Bank Erosion Mte(Somerset)	0 00		36,500 00		-36,500 00		0 0%	
01-1830 · Strmwtr Drains Ins/MTE-Somerset	0 00		20,000 00		-20,000 00		0 0%	
01-1831 · Strmwtr Drains Ins (Bridgetown)	0 00		2,500 00		-2,500 00		0 0%	
01-1850 · Capital Outlay - Small	0 00		1,000 00		-1,000 00		0 0%	
Total Expense	250,662 78		492,607 00		-241,944 22		50 89%	
 et Income		228,011.51			0.00			228,011.51			100.0%	

Bank Balance As Of 5/31/22	
$	636,771.94	

Accounts Payable As Of 5/31/22	
$	134,117.13	

Other Assets As Of 5/31/22	
$	-	

Total Fund Balance As Of 5/31/22	
$	502,654.81