ARBORWOOD COMMUNITY DEVELOPMENT
DISTRICT

LEE COUNTY Regular Board Meeting
& Public Hearing August 21, 2023
9:00 A.M.

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

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

AGENDA
ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT
Amenity Center Community Room Somerset at the Plantation 10401 Dartington Drive
Fort Myers, Florida, 33913
REGULAR BOARD MEETING & PUBLIC HEARING
August 21, 2023
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
July 17, 2023 Regular Board Meeting…	Page 2
Public Hearing
Proof of Publication…	Page 5
Receive Public Comments on Fiscal Year 2023/2024 Final Budget
Consider Resolution No. 2023-04 – Adopting a Fiscal Year 2023/2024 Final Budget…	Page 6
Consider Resolution No. 2023-05 – Adopting a Fiscal Year 2023/2024 Assessment Roll…	Page 29
Old Business
Update Regarding Road and School Impact Fee Credits
Update Regarding Treeline Streetlighting…	Page 33
Discussion Regarding Individual Environmental Resource Permit
New Business
Consider Resolution No. 2023-06 – Adopting a Fiscal Year 2023/2024 Meeting Schedule…	Page 34
Discussion Regarding Required Ethics Training
Administrative Matters
Manager’s Report
Financials…	Page 17
Attorney’s Report
Engineer Report
Field Inspectors Report
Woods and Wetlands Report
Board Members Comments
Adjourn

Miscellaneous Notices
Published in The News-Press on August 1, 2023

Location
Lee County, Florida
Notice Text
ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT NOTICE OF PUBLIC HEARING TO CONSIDER THE ADOPTION OF THE FISCAL YEAR 2023/2024 BUDGETS; AND NOTICE OF REGULAR BOARD OF SUPERVISORS' MEETING.
The Board of Supervisors ("Board") of the Arborwood Community Development District ("District") will hold a public hearing on August 21, 2023, at 9:00 a.m., or as soon thereafter as can be heard, in the Amenity Center Barbados Room located at Bridgetown at the Plantation, 11741 Kingsbridge Boulevard, Fort Myers, Florida 33913, for the purpose of hearing comments and objections on the adoption of the proposed budgets ("Proposed Budget") of the District for the fiscal year beginning October 1, 2023, and ending September 30, 2024 ("Fiscal Year 2023/2024"). A regular board meeting of the District will also be held at that time where the Board may consider any other business that may properly come before it. A copy of the agenda and Proposed Budget may be obtained at the offices of the District Manager, Special District Services, Inc., 27499 Riverview Center Blvd., #253, Bonita Springs, Florida 34134, (941) 786-3726 ("District Manager's Office"), during normal business hours, or by visiting the District's website

www.arborwoodcdd.org

at https://arborwoodcdd.org/. The public hearing and meeting are open to the public and will be conducted in accordance with the provisions of Florida law. The public hearing and meeting may be continued to a date, time, and place to be specified on the record at the meeting. There may be occasions when Board Supervisors or District Staff may participate by speaker telephone. Any person requiring special accommodations at this meeting because of a disability or physical impairment should contact the District Manager's Office at least forty-eight (48) hours prior to the meeting. If you are hearing or speech impaired, please contact the Florida Relay Service by dialing 7-1-1, or 1-800-955-8771 (TTY) / 1-800-955-8770 (Voice), for aid in contacting the District Manager's Office. Each person who decides to appeal any decision made by the Board with respect to any matter considered at the public hearing or meeting is advised that person will need a record of 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 such appeal is to be based. Kathleen Meneely District Manager ARBORWOOD

COMMUNITY DEVELOPMENT DISTRICT 5783418 8/1, 8/8/2023

AD #

ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT REGULAR BOARD MEETING
JULY 17, 2023

CALL TO ORDER

The July 17, 2023, Regular Board Meeting of the Arborwood Community Development District (the “District”) was called to order at 9:00 a.m. in the Amenity Center Community Room of the Somerset at the Plantation located at 10401 Dartington Drive, Fort Myers, Florida 33913.

PROOF OF PUBLICATION

Proof of publication was presented that notice of the Regular Board Meeting had been published in the Fort Myers News-Press on July 7, 2023, 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	Joan Pattison	Present	
Vice Chairman	Jeff Gordish	Present	
Supervisor	Jack Aycock	Present	
Supervisor	Donald Schrotenboer	Present	
Supervisor	Karin Hagen	Present	

Staff members in attendance were:

District Manager	Michelle Krizen	Special District Services, Inc.	
General Counsel	Wes Haber (via phone)	Kutak Rock, LLC	
District Engineer	Ryan Lorenz	JR Evans Engineering	
Field Inspector	Bohdan Hirniak		

Also present was Bethany Brosious of Passarella & Associates.

ADDITIONS OR DELETIONS TO THE AGENDA

A Discussion Regarding Drain Inspections was added under New Business.

COMMENTS FROM THE PUBLIC FOR ITEMS NOT ON THE AGENDA

There were no members of the public present.

APPROVAL OF MINUTES
June 19, 2023, Regular Board Meeting

The June 19, 2023, Regular Board Meeting minutes were presented for consideration.
Page 1 of 3

A motion was made by Mr. Schrotenboer, seconded by Ms. Hagen and passed unanimously approving the June 19, 2023, Regular Board Meeting minutes, as presented.

OLD BUSINESS
Update Regarding Road and School Impact Fee Credits

Mr. Haber advised there was nothing new to report regarding this matter. He is still working on ensuring that the credits get into the correct hands.

Update Regarding Treeline Lighting and Repairs

Ms. Krizen advised that all the necessary parts had been ordered and repairs would be done as soon as possible.

Update Regarding Lee County Assuming Some of District’s Treeline Streetlights

A motion was made by Mr. Gordish, seconded by Mr. Schrotenboer and passed unanimously accepting the County’s offer to assume responsibility for the District’s lights for a not to exceed amount of $40,000 for the purchase of 5 lights.

Discussion Regarding Individual Environmental Resource Permit

Mr. Schrotenboer was unable to get in touch with the party. The district cannot convey the property. The CDD would propose a perpetual maintenance agreement.

NEW BUSINESS
Discussion Regarding Fiscal Year 2023/2024 Budget

There was discussion regarding the increase to Lake Bank Erosion Maintenance (Somerset Only). The current budget is $36,500 and the proposed budget is $60,000.

A motion was made by Mr. Gordish, seconded by Ms. Hagen and passed unanimously decreasing the Lake Bank Erosion Maintenance – Somerset Only line item from $60,000 to $45,000.

Discussion Regarding Drain Inspections

Mr. Lorenz presented the drain inspection proposal in the amount of $16,250. There is only $6,400 in Sommerset’s budget and $2,500 in Bridgetown’s budget. The Board requested that the proposal be broken down by development and the revised proposal be presented at the August meeting.

There was a new area of significant erosion on Hadley Court. The proposal for that repair alone was $3,700. There are no remaining funds in lake bank maintenance. A discussion ensued about swapping Hadley Court with another area less severe.

A motion was made by Mr. Gordish, seconded by Ms. Hagen authorizing JR Engineering to evaluate and negotiate a replacement area on the current Dragonfly proposal with Hadley Court, incurring no increase to the contract.

Page 2 of 3

ADMINISTRATIVE MATTERS
Manager’s Report

Ms. Krizen advised that the next meeting was scheduled for August 21, 2023, and would include the Public Hearing on the budget.

Financials

Ms. Krizen presented the financial. The Board had no questions.

Attorney’s Report

Mr. Haber had nothing further.

Engineer’s Report

Mr. Lorenz had nothing further.

Field Inspector’s Report

It was reported that the lakes were functioning as intended. The Year-To-Date rainfall is 2/3 of the typical rainfall.

There was a resident who was worried about the spikrush. It was explained that it was a benefit to the ponds and was not an issue.

Woods and Wetlands Report

Preserve treatment has been completed and inspected in Bridgetown and Aborwood Preserve. Somerset is currently being treated and will be inspected once it has been completed.

BOARD MEMBER COMMENTS

Mr. Schrotenboer advised that a property was being sold to the City to become a fire station. Mr. Haber explained that because it was a government entity the CDD could not tax the City. The bond needed to be paid prior to the sale of the property. Ms. Krizen will reach out to the listing Broker to confirm and notify the seller of the bond requirement.

ADJOURNMENT

There being no further business to come before the Board, a motion was made by Mr. Schrotenboer, seconded by Mr. Aycock and passed unanimously adjourning the Regular Board Meeting at 10:28 a.m.

Secretary/Assistant Secretary	Chair/Vice-Chair
Page 3 of 3

Miscellaneous Notices
Published in The News-Press on August 1, 2023

Location
Lee County, Florida
Notice Text
ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT NOTICE OF PUBLIC HEARING TO CONSIDER THE ADOPTION OF THE FISCAL YEAR 2023/2024 BUDGETS; AND NOTICE OF REGULAR BOARD OF SUPERVISORS' MEETING.
The Board of Supervisors ("Board") of the Arborwood Community Development District ("District") will hold a public hearing on August 21, 2023, at 9:00 a.m., or as soon thereafter as can be heard, in the Amenity Center Barbados Room located at Bridgetown at the Plantation, 11741 Kingsbridge Boulevard, Fort Myers, Florida 33913, for the purpose of hearing comments and objections on the adoption of the proposed budgets ("Proposed Budget") of the District for the fiscal year beginning October 1, 2023, and ending September 30, 2024 ("Fiscal Year 2023/2024"). A regular board meeting of the District will also be held at that time where the Board may consider any other business that may properly come before it. A copy of the agenda and Proposed Budget may be obtained at the offices of the District Manager, Special District Services, Inc., 27499 Riverview Center Blvd., #253, Bonita Springs, Florida 34134, (941) 786-3726 ("District Manager's Office"), during normal business hours, or by visiting the District's website

www.arborwoodcdd.org

at https://arborwoodcdd.org/. The public hearing and meeting are open to the public and will be conducted in accordance with the provisions of Florida law. The public hearing and meeting may be continued to a date, time, and place to be specified on the record at the meeting. There may be occasions when Board Supervisors or District Staff may participate by speaker telephone. Any person requiring special accommodations at this meeting because of a disability or physical impairment should contact the District Manager's Office at least forty-eight (48) hours prior to the meeting. If you are hearing or speech impaired, please contact the Florida Relay Service by dialing 7-1-1, or 1-800-955-8771 (TTY) / 1-800-955-8770 (Voice), for aid in contacting the District Manager's Office. Each person who decides to appeal any decision made by the Board with respect to any matter considered at the public hearing or meeting is advised that person will need a record of 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 such appeal is to be based. Kathleen Meneely District Manager ARBORWOOD

COMMUNITY DEVELOPMENT DISTRICT 5783418 8/1, 8/8/2023

AD #

RESOLUTION 2023-04

THE ANNUAL APPROPRIATION RESOLUTION OF THE ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT (“DISTRICT”) RELATING TO THE ANNUAL APPROPRIATIONS AND ADOPTING THE BUDGET FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2023 AND ENDING SEPTEMBER 30, 2024; AUTHORIZING BUDGET AMENDMENTS; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the District Manager has, prior to the fifteenth (15th) day in June, 2023, submitted to the Board of Supervisors (“Board”) of the Arborwood Community Development District (“District”) proposed budget (“Proposed Budget”) for the fiscal year beginning October 1, 2023 and ending September 30, 2024 (“Fiscal Year 2023/2024”) 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, 2024.”

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 2023/2024, the sum of $3,781,412 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	$	538,203	

DEBT SERVICE FUND (SERIES 2014A-1)	

$	499,957	

DEBT SERVICE FUND (SERIES 2014A-2)	

$	107,183	

DEBT SERVICE FUND (SERIES 2018A-1)	

$	1,911  679	

DEBT SERVICE FUND (SERIES 2018A-2)	

$	742,390	

TOTAL ALL FUNDS	

$	3,781,412	

SECTION 3.	BUDGET AMENDMENTS		

Pursuant to Section 189.016, Florida Statutes, the District at any time within Fiscal Year 2023/2024, or within 60 days following the end of the Fiscal Year 2023/2024, may amend its Adopted Budget for that fiscal year as follows:

A line-item appropriation for expenditures within a fund may be decreased or increased by motion of the Board recorded in the minutes, and approving the expenditure, if the total appropriations of the fund do not increase.

The District Manager or Treasurer may approve an expenditure that would increase or decrease a line-item appropriation for expenditures within a fund if the total appropriations of the fund do not increase and if either (i) the aggregate change in the original appropriation item does not exceed the greater of $15,000 or 15% of the original appropriation, or (ii) such expenditure is authorized by separate disbursement or spending resolution.

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

The District Manager or Treasurer must ensure that any amendments to the budget under paragraph c. 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 21ST DAY OF AUGUST, 2023.

ATTEST:	ARBORWOOD COMMUNITY
DEVELOPMENT DISTRICT

Secretary / Assistant Secretary	Chair/Vice Chair, Board of Supervisors

Exhibit A: Fiscal Year 2023/2024 Budget

Exhibit A

Fiscal Year 2023/2024 Budget

Arborwood Community Development District

Final Budget Fiscal Year 2023/2024
October 1, 2023 - September 30, 2024

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 - LENNAR 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 Assessments.

3	DEBT ON ROLL ASSESSMENTS
Debt Assessments collected via the property tax roll for Bond Debt

4	DEBT DIRECT BILL ASSESSMENTS
Individual parcels not placed on the tax roll are billed directly by mail for Debt Assessments.

5	DEBT PREPAYMENTS / MISCELLANEOUS PAYMENTS
Debt Assessments used to pay down Bond debt before the required payments by individuals or the District as a whole.

6	GENERAL FUND INTEREST INCOME
Any interest earned on the general fund balance and any item that does not fall into the other income categories is recorded in this category.

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

EXPENDITURES

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

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

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

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

12  LEGAL

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

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

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

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

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

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

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

1

19  POSTAGE

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

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

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

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

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

24  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.

25  WEBSITE

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

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

27  TREELINE PRESEVE MAINT - EXOTICS
Removal of exotics annually

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

29  ENVIROMENTAL CONSULTING - PASSARELLA
Ecological consultant and management of preserve maintenance

30  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

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

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

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

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

35  MISCELLANEOUS MAINTENANCE
Any District wide maintenance that does not fit into any of the other maintenance categories.

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

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

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

2

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

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

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

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

43  LAKE BANK INSPECTION - (SOMERSET ONLY)
Inspection of Lake Banks in Somerset Only

44  LAKE BANK INSPECTION - (BRIDGETOWN ONLY)
Inspection of Lake Banks in Bridgetown only.

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

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

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

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

49  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 2023/2024
October 1, 2023 - September 30, 2024

 REVENUES				TOTAL		
GENERAL FUND ON ROLL ASSESSMENT		538,203	
GENERAL FUND DIRECT BILL ASSESSMENT - LENNAR		1,150	
DEBT ON ROLL ASSESSMENT		3,243,209	
DEBT DIRECT BILL ASSESSMENT - LENNAR		11,111	
 OTHER INCOME / CARRYOVER BALANCE				18,000	
 Total Revenues			 $	3,811,674 	
 EXPENDITURES	
PAYROLL TAX EXPENSE		

880	
SUPERVISOR FEES		11,000	
ENGINEERING		50,000	
MANAGEMENT		39,720	
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		10,000	
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)		7,000	
LAKE MAINT - (SOMERSET ONLY)		46,100	
LAKE BANK EROSION MAINT - (SOMERSET ONLY)		45,000	
PRESERVE MAINT - (SOMERSET ONLY)		35,000	
INSPECTOR - (SOMERSET ONLY)		25,500	
STORMWATER DRAINS INS & MAINT - (SOMERSET ONLY)		20,000	
LAKE BANK INSPECTION - (SOMERSET ONLY)		6,500	
LAKE BANK INSPECTION - (BRIDGETOWN ONLY)		6,500	
 STORMWATER DRAINS INS - (BRIDGETOWN ONLY)				2,500	
 Total Expenditures			 $	535,825 	
 EXCESS / (SHORTFALL)			 $	3,275,849 	
DEBT PAYMENTS (2014)		(593,966)	
DEBT PAYMENTS (2018)		(2,530,626)	
MISCELLANEOUS DEBT EXPENSE		0	
 BALANCE			 $	151,256 	
DISCOUNTS FOR EARLY PAYMENTS		(151,256)	
 NET EXCESS / (SHORTFALL)			 $	-		

DETAILED TOTAL FISCAL YEAR 2023/2024
October 1, 2023 - September 30, 2024

GENERAL FUND

DEBT - SERIES 2014

DEBT - SERIES 2018

 		 A-1 & A-2	B			A-1 & A-2			TOTAL		
 REVENUES	
GENERAL FUND ON ROLL ASSESSMENT	
538,203	
0	
0	
0	
538,203	
GENERAL FUND DIRECT BILL ASSESSMENT - WCI	1,150	0	0	0	1,150	
DEBT ON ROLL ASSESSMENT	0	607,140	0	2,636,069	3,243,209	
DEBT DIRECT BILL ASSESSMENT - WCI	0	11,111	0	0	11,111	
 OTHER INCOME / CARRYOVER BALANCE			18,000		0	0		0		18,000	
 Total Revenues		 $	557,353 	 $ 618,252  $	-		 $	2,636,069 	 $  3,811,674 	

 EXPENDITURES	
PAYROLL TAX EXPENSE	

880	

0	

0	

0	

880	
SUPERVISOR FEES	11,000	0	0	0	11,000	
ENGINEERING	50,000	0	0	0	50,000	
MANAGEMENT	39,720	0	0	0	39,720	
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	10,000	0	0	0	10,000	
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)	7,000	0	0	0	7,000	
LAKE MAINT - (SOMERSET ONLY)	46,100	0	0	0	46,100	
LAKE BANK EROSION MAINT - (SOMERSET ONLY)	45,000	0	0	0	45,000	
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	
LAKE BANK INSPECTION - (SOMERSET ONLY)	6,500				6,500	
LAKE BANK INSPECTION - (BRIDGETOWN ONLY)	6,500				6,500	
 STORMWATER DRAINS INS - (BRIDGETOWN ONLY)				2,500			0	0			0			2,500	
 Total Expenditures			 $	535,825 		 $	-	$	-			 $	-			 $	535,825 	
 EXCESS / (SHORTFALL)			 $	21,528 		 $ 618,252  $	-			 $	2,636,069 		 $ 3,275,849 	

DEBT PAYMENTS (2014)	
0	
(593,966)	
0	
0	
(593,966)	
DEBT PAYMENTS (2018)	0	0	0	(2,530,626)	(2,530,626)	
MISCELLANEOUS DEBT EXPENSE	0	0	0	0	0	
 BALANCE			 $	21,528 		 $  24,286  $	-			 $	105,443 		 $	151,256 	

DISCOUNTS FOR EARLY PAYMENTS	
(21,528)	
(24,286)	
-	
(105,443)	
(151,256)	
 NET EXCESS / (SHORTFALL)			 $	-			 $	-	$	-			 $	-			 $	-		

		FISCAL YEAR 2021/2022 ACTUAL *		FISCAL YEAR 2022/2023 ANNUAL BUDGET		FISCAL YEAR 2023/2024 ANNUAL BUDGET		

LARGE VARIANCE EXPLANATION	
									
REVENUES									

GENERAL FUND ON ROLL ASSESSMENT		
504,700		
500,974		
538,203		More platted lots on roll and assessment raised because carryover has been depleted	
GENERAL FUND DIRECT BILL ASSESSMENT - LENNAR		3,565		3,538		1,150		More lots on roll - results in less direct billed	
DEBT ON ROLL ASSESSMENT		3,219,375		3,212,720		3,243,209		More lots on roll - results in less direct billed	
DEBT DIRECT BILL ASSESSMENT - LENNAR		51,624		57,812		11,111		More lots on roll - results in less direct billed	
DEBT PREPAYMENTS / MISCELLANEOUS PAYMENTS		0		0		0			
GENERAL FUND INTEREST INCOME/MISC INCOME		2,846		0		0			

GENERAL FUND OTHER REVENUES/CARRYOVER BALANCE		
0		
18,000		
18,000		Carryover Funds Being Used To Reduce
Assessments	
									
Total Revenues		$  3,782,110		$	3,793,044		$	3,811,674			

EXPENDITURES									
PAYROLL TAX EXPENSE		704		880		880			
SUPERVISOR FEES		9,200		11,000		11,000			
ENGINEERING		43,346		32,500		50,000			
MANAGEMENT		37,452		38,568		39,720		Annual CPI increase in contract (capped at 3%)	
LEGAL		12,101		22,000		22,000			
ASSESSMENT ROLL		5,000		5,000		5,000			
ANNUAL AUDIT		5,350		5,350		5,350		Estimated Amount For 2023/2024 Audit	
ARBITRAGE REBATE FEE		1,000		2,000		2,000			
INSURANCE		9,983		12,000		12,000			
LEGAL ADVERTISING		3,149		5,500		5,500			
MISCELLANEOUS		2,120		3,300		3,300			
POSTAGE		496		1,150		1,150			
OFFICE SUPPLIES		1,419		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		150		500		500			
WEBSITE		2,000		2,000		2,000			
PROFESSIONAL FEE & PERMITS		0		1,250		1,250			
TREELINE PRESEVE MAINT - EXOTICS		0		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		11,199		22,000		22,000			
PANTHER MITIGATION MAINT - EXOTICS		80,000		80,000		80,000			
STREET LIGHTING - UTILITY & MAINT		6,005		13,000		10,000		On pace for ~$7,100 by years end	
CAPITAL OUTLAY - SMALL		0		1,000		1,000			
COUNTY APPRAISER & TAX COLLECTOR FEE		8,448		10,000		10,000			
FLOWWAY MAINT		2,350		4,600		4,600			
MISCELLANEOUS MAINTENANCE		20,900		0		0		Mainly Erosion Restoration Project	
									
MITIGATION MONITORING - (PARCEL C ONLY)		0		0		0		Last Expenditure Was In 2018	
PRESERVE MAINT - (PARCEL C ONLY)		1,900		10,800		7,000		Under $10,000 last 2 years	
									
LAKE MAINT - AQAUTIC CONTROL - (SOMERSET ONLY)		46,068		46,100		46,100			
LAKE BANK EROSION MAINT - (SOMERSET ONLY)		62,200		36,500		45,000			
PRESERVE MAINT - (SOMERSET ONLY)		35,000		35,000		35,000			
FIELD INSPECTOR - (SOMERSET ONLY)		24,701		25,500		25,500			
STORMWATER DRAINS INS & MAINT - (SOMERSET ONLY)		0		20,000		20,000			
LAKE BANK INSPECTION - (SOMERSET ONLY)		0		0		6,500		New Line Item	
									
LAKE BANK INSPECTION - (BRIDGETOWN ONLY)		0		0		6,500		New Line Item	
STORMWATER DRAINS INS - (BRIDGETOWN ONLY)		0		2,500		2,500			
									
Total Expenditures		462,590		502,473		535,825			
									
EXCESS / (SHORTFALL)		$ 3,319,520		$	3,290,571		$	3,275,849			
									
DEBT PAYMENTS (2014)		(608,408)		(609,673)		(593,966)			
DEBT PAYMENTS (2018)		(2,531,239)		(2,532,350)		(2,530,626)			

MISCELLANEOUS DEBT EXPENSE		0		-		-			
									
BALANCE		$	179,873		$	148,548		$	151,256			

DISCOUNTS FOR EARLY PAYMENTS		
(141,941)		
(148,548)		
(151,256)		Higher assessments on roll results in higher
discount potential	
									
NET EXCESS / (SHORTFALL)		$	37,932		$	-		$	-			

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

49

* Un-audited figures

GENERAL FUND FISCAL YEAR 2023/2024
October 1, 2023 - September 30, 2024

	FISCAL YEAR		FISCAL YEAR	
	2022/2023		2023/2024	
		ANNUAL BUDGET				ANNUAL BUDGET		
REVENUES					
ON ROLL ASSESSMENTS		500,974		538,203	
DIRECT BILL ASSESSMENTS - WCI		3,538		1,150	
INTEREST INCOME		0		0	
OTHER INCOME / CARRYOVER BALANCE		18,000		18,000	
 Total Revenues			 $	522,512 		 $	557,353 	
EXPENDITURES					
PAYROLL TAX EXPENSE		880		880	
SUPERVISOR FEES		11,000		11,000	
ENGINEERING		32,500		50,000	
MANAGEMENT		38,568		39,720	
LEGAL		22,000		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		3,300		3,300	
POSTAGE		1,150		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		22,000		22,000	
PANTHER MITIGATION MAINT - EXOTICS		80,000		80,000	
STREET LIGHTING - UTILITY & MAINT		13,000		10,000	
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		7,000	
LAKE MAINT - AQAUTIC CONTROL - (SOMERSET ONLY)		46,100		46,100	
LAKE BANK EROSION MAINT - (SOMERSET ONLY)		36,500		45,000	
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	
LAKE BANK INSPECTION - (SOMERSET ONLY)		0		6,500	
LAKE BANK INSPECTION - (BRIDGETOWN ONLY)		0		6,500	
STORMWATER DRAINS INS - (BRIDGETOWN ONLY)		2,500		2,500	
 Total Expenditures			 $	502,473 		 $	535,825 	
 EXCESS / (SHORTFALL)			 $	20,039 		 $	21,528 	
DISCOUNTS FOR EARLY PAYMENTS		(20,039)		(21,528)	
 NET EXCESS / (SHORTFALL)			 $	-			 $	-		
Approximate Fund Balance as of 9-30-2023 = 300,000.00					

2014 DEBT SERVICE FUND FISCAL YEAR 2023/2024
October 1, 2023 - September 30, 2024

	2014A-1			2014A-2	
FISCAL YEAR	FISCAL YEAR
2023/2024	2023/2024
 ANNUAL BUDGET 	 ANNUAL BUDGET 

 REVENUES		 REVENUES	
Net On Roll Assessments	479,958	Net On Roll Assessments	102,896
 Direct Bill Assessments - WCI			9,150	 Direct Bill Assessments - WCI			1,962

 Total Revenues	

 $	489,108 

 Total Revenues	

 $	104,858 

 EXPENDITURES		 EXPENDITURES	
Principal Payments	205,000	Principal Payments	45,000
Interest Payments	284,108	Interest Payments	59,858
 Miscellaneous			0	 Miscellaneous			0

Total Expenditures

$	489,108

Total Expenditures

$	104,858

 		

 			

 Excess / (Shortfall)	

 $	- 

 Excess / (Shortfall)	

 $	- 

*Note: Excess goes to increase bond fund balance

	Series 2014 A-1 Bond Information			Series 2014 A-2 Bond Information	
Initial Par Amount =	$4,939,888	Initial Par Amount =	$1,041,652
Maturity Par Amount =	$5,430,000	Maturity Par Amount =	$1,145,000
Interest Rate =	6.90%	Interest Rate =	6.90%
Issue Date =	Dec 2014	Issue Date =	Dec 2014
Maturity Date =	May 2036	Maturity Date =	May 2036
Annual Principal Payments Due =	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 1/1/23 =	$4,410,000	Par Amount As Of 1/1/23 =	$930,000

	2014 B	
FISCAL YEAR 2023/2024
 ANNUAL BUDGET 

 REVENUES			
Net On Roll Assessments	0	
 Direct Bill Assessments - Lennar			0	
 Total Revenues		 $	- 	

 EXPENDITURES			
Principal Payments	0	
Interest Payments	0	
 Miscellaneous			0	
Total Expenditures	$	-	

		
 Excess / (Shortfall)		 $	- 	

Series 2014B Bond Was Paid In Full On 5/2/22		

	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 1/1/23 =	$0	

FINAL BUDGET
ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT 2018 DEBT SERVICE FUND
FISCAL YEAR 2023/2024
October 1, 2023 - September 30, 2024

2018 A-1 & A-2

FISCAL YEAR

Series 2018 A-1 Bond Information

2023/2024	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		2,530,626	Annual Interest Payments Due =	May 1st & November 1st	
			Par Amount As Of 1-1-23 =	$19,900,000	
Total Revenues		$	2,530,626			

Series 2018 A-2 Bond Information	
EXPENDITURES				
Principal Payments A-1	1,180,000	
Original Par Amount =	
$8,740,000	
Interest Payments A-1	620,212	Average Interest Rate =	4.65%	
Principal Payments A-2	370,000	Maturity Date =	May 2036	
Interest Payments A-2	309,562	Annual Principal Payments Due =	May 1st	
Miscellaneous / Prepayment		50,852	Annual Interest Payments Due =	May 1st & November 1st	
Total Expenditures	$	2,530,626	Par Amount As Of 1-1-23 =	$6,870,000	

Excess / (Shortfall)	$	-

9

Assessment Recap - Parcel A Marina Bay & Botanica Lakes
Fiscal Year 2023/2024 October 1, 2023 - September 30, 2024

 PARCEL A - MARINA BAY & BOTANICA LAKES	

PARCEL	PRODUCT
TYPE	TOTAL
UNITS	TOTAL GROSS
O&M	TOTAL GROSS
DEBT	TOTAL GROSS
ASSESSMENTS		ON ROLL GROSS
PER UNIT TOTAL	
A	Villa / Townhome	240	14,522.48	71,280.00	85,802.48		$	357.51	
A	40' SF	365	22,086.27	136,145.00	158,231.27		$	433.51	
A	40' SF - PO	2	121.02	0.00	121.02		$	60.51	
A	45' SF	269	16,277.28	104,910.00	121,187.28		$	450.51	
A	45' SF / Villa *	6	363.06	2,340.00	2,703.06		$	450.51	
A	45' SF - PO	1	60.51	0.00	60.51		$	60.51	
A	52' SF	564	34,127.83	232,932.00	267,059.83		$	473.51	
A	52' SF - PO	1	60.51	0.00	60.51		$	60.51	
A	62' SF	33	1,996.84	14,949.00	16,945.84		$	513.51	
Total		1,481	89,615.81	562,556.00	652,171.81			

MARINA BAY							

PARCEL	PRODUCT
TYPE	UNITS	O&M GROSS	DEBT GROSS	TOTAL GROSS	
A	Villa / Townhome	240	14,522.48	71,280.00	85,802.48	
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	16,277.28	104,910.00	121,187.28	
A	45' SF / Villa *	6	363.06	2,340.00	2,703.06	
A	45' SF - PO	1	60.51	0.00	60.51	
A	52' SF	247	14,946.05	102,011.00	116,957.05	
A	52' SF - PO	0	0.00	0.00	0.00	
A	62' SF	33	1,996.84	14,949.00	16,945.84	
Total		796	48,166.23	295,490.00	343,656.23	

BOTANICA LAKES

PARCEL	PRODUCT
TYPE	UNITS	O&M GROSS	DEBT GROSS	TOTAL GROSS	
A	Villa / Townhome	0	0.00	0.00	0.00	
A	40' SF	365	22,086.27	136,145.00	158,231.27	
A	40' SF - PO	2	121.02	0.00	121.02	
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	19,181.78	130,921.00	150,102.78	
A	52' SF - PO	1	60.51	0.00	60.51	
A	62' SF	0	0.00	0.00	0.00	
Total		685	41,449.58	267,066.00	308,515.58	

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 2023/2024 October 1, 2023 - September 30, 2024

 PARCELS B & D/E - BRIDGETOWN & SOMERSET	

BRIDGETOWN		
	PRODUCT	UNITS	O&M GROSS	DEBT GROSS	TOTAL GROSS		GROSS	
PARCEL	TYPE				ASSESSMENT		PER UNIT TOTAL	
B	MF - (2)	66	6,362.87	84,216.00	90,578.87		$	1,372.41	
B	MF - (3)	36	3,470.66	36,180.00	39,650.66		$	1,101.41	
B	SF 42' - (1)	185	17,835.32	90,280.00	108,115.32		$	584.41	
B	SF 42' - (3)	39	3,759.88	39,195.00	42,954.88		$	1,101.41	
B	SF 42' - (5)	1	96.41	0.00	96.41		$	96.41	
B	SF 55' - (1)	230	22,173.64	150,420.00	172,593.64		$	750.41	
B	SF 55' - (2)	0	0.00	0.00	0.00		$	-	
B	SF 55' - (3)	71	6,844.91	71,284.00	78,128.91		$	1,100.41	
B	SF 55' - (5)	2	192.81	0.00	192.81		$	96.41	
B	SF 67' - (1)	130	12,532.93	103,480.00	116,012.93		$	892.41	
B	SF 67' - (2)	38	3,663.47	48,488.00	52,151.47		$	1,372.41	
B	SF 67' - (3)	90	8,676.64	90,360.00	99,036.64		$	1,100.41	
B	SF 67' - (4)	33	3,181.44	47,784.00	50,965.44		$	1,544.41	
B	SF 75' - (1)	0	0.00	0.00	0.00		$	-	
B	SF 75' - (2)	34	3,277.84	49,164.00	52,441.84		$	1,542.41	
B	SF 75' - (3)	3	289.22	3,522.00	3,811.22		$	1,270.41	
B	SF 75' - (4)	27	2,602.99	41,364.00	43,966.99		$	1,628.41	
Total		985	94,961	855,737	950,698			

SOMERSET				
	PRODUCT	UNITS	O&M GROSS	DEBT GROSS	TOTAL GROSS		GROSS	
PARCEL	TYPE				ASSESSMENT		PER UNIT TOTAL	
D/E	MF - (1)	43	10,355.83	21,414.00	31,769.83		$	738.83	
D/E	MF - (2)	123	29,622.50	156,948.00	186,570.50		$	1,516.83	
D/E	MF - (3)	27	6,502.50	27,135.00	33,637.50		$	1,245.83	
D/E	MF - (4)	27	6,502.50	39,096.00	45,598.50		$	1,688.83	
D/E	SF 55' - (1)	78	18,785.00	51,012.00	69,797.00		$	894.83	
D/E	SF 55' - (2)	126	30,345.00	160,776.00	191,121.00		$	1,516.83	
D/E	SF 55' - (3)	46	11,078.33	46,184.00	57,262.33		$	1,244.83	
D/E	SF 67' - (1)	96	23,120.00	76,416.00	99,536.00		$	1,036.83	
D/E	SF 67' - (2)	101	24,324.17	128,876.00	153,200.17		$	1,516.83	
D/E	SF 67' - (3)	53	12,764.17	53,212.00	65,976.17		$	1,244.83	
D/E	SF 67' - (4)	30	7,225.00	43,440.00	50,665.00		$	1,688.83	
D/E	SF 67' - (5)	3	722.50	0.00	722.50		$	240.83	
D/E	SF 75' - (1)	57	13,727.50	50,673.00	64,400.50		$	1,129.83	
D/E	SF 75' - (2)	77	18,544.17	111,342.00	129,886.17		$	1,686.83	
D/E	SF 75' - (3)	27	6,502.50	31,698.00	38,200.50		$	1,414.83	
D/E	SF 75' - (4)	39	9,392.50	59,748.00	69,140.50		$	1,772.83	
D/E	SF 75' - (5)	1	240.83	0.00	240.83		$	240.83	
Total		954	229,755	1,057,970	1,287,725			

(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				

Assessment Recap - Lennar Parcel
Fiscal Year 2023/2024 October 1, 2023 - September 30, 2024

WCI ON ROLL

798.30
798.30
973.99
1,025.66
1,232.34

$
$
$
$
$

ON ROLL GROSS PER UNIT TOTAL

 LENNAR PARCEL	

PARCEL	PRODUCT
TYPE	TOTAL
UNITS	ON ROLL
UNITS	DIRECT BILL
UNITS	
C	6 - plex	120	120	0	
C	4 - plex	164	148	16	
C	46' SF	62	62	0	
C	52' SF	219	219	0	
C	67' SF	129	129	0	
Total		694	678	16	

PARCEL	PRODUCT
TYPE	ON ROLL
UNITS	O&M GROSS
ON ROLL	SERIES 2014 GROSS ON ROLL
A-1 & A-2 (Combined)	
C	6 - plex	120	8,987.91	86,807.52	
C	4 - plex	148	11,085.09	107,062.61	
C	46' SF	62	4,643.75	55,743.51	
C	52' SF	219	16,402.93	208,217.41	
C	67' SF	129	9,662.00	149,309.20	
Total		678	50,782	607,140	

WCI HOMES DIRECT BILL

PARCEL	PRODUCT
TYPE	DIRECT BILL
UNITS	O&M NET
DIRECT BILL	SERIES 2014 NET DIRECT BILL
A-1 & A-2 (Combined)	
C	6 - plex	0	0.00	0.00	
C	4 - plex	16	1,150.45	11,111.36	
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		16	1,150	11,111	

Arborwood Community Development District Assessment Recap - Other Parcels
Fiscal Year 2023/2024 October 1, 2023 - September 30, 2024

OTHER ON ROLL

189,294.95
26,055.19
14,417.01
3,127.98

$
$
$
$

ON ROLL GROSS TOTAL

 OTHER PARCELS	

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

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

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

D/E	
Golf Course	
116	
65,738.95	
123,556.00	
189,294.95	
G	Neighborhood Retail	21	4,205.19	21,850.00	26,055.19	
H-1	Retail/ Commercial	11	2,517.01	11,900.00	14,417.01	
H-2	RE Office	2	627.98	2,500.00	3,127.98	
Total		151	73,089	159,806	232,895	

ANNUAL ASSESSMENT METHODOLOGY - GENERAL FUND O&M FISCAL YEAR 2023/2024
OCTOBER 1, 2023 - SEPTEMBER 30, 2024

Total Shared O&M Expenditures

$  323,725.00

A

Allocation of Expenditures and Assessment Per Unit

Tract	

Parcel	Allocation Per Parcel based on Gross Acreage	Assessment Per Unit	
		
B	
C	
D = B-C	
E	
F = A*D	
G = E/96%	
H	
I = F/H	
J = I/96%	
		
Gross Acreage	Preserve and Lake Acerage	
Net Acerage	
% of Total Acreage	Allocation of Expenditures	Total Expenditures Grossed up (on Roll)	
Projected Units	
Net Assmt per Unit	Gross Assmt per Unit (If On Roll)	
1	A	560.38	207.90	352.48	26.58%	$	86,031	$	89,616	1,481	$	58.09	$	60.51	
2	B	669.06	332.43	336.63	25.38%	$	82,163	$	85,586	985	$	83.41	$	86.89	
2	D/E	817.73	481.41	336.32	25.36%	$	82,087	$	85,507	954	$	86.05	$	89.63	
2	C	259.16	83.39	175.77	13.25%	$	42,901	$	44,688	694	$	61.82	$	64.39	
Total Residential Land Uses	2,306.33	1,105.13	1,201.20	90.57%	$	293,182	$	305,397	4,114		
2	Golf Course (part of Tract 2 Parcel D/E)	116.23	20.00	96.23	7.26%	$	23,487	24,465.87		
3	Neighborhood Retail-G	21.06	4.52	16.54	1.25%	$	4,037	4,205.19		
4	Retail/ Commercial H-1	11.19	1.29	9.90	0.75%	$	2,416	2,517.01		
5	RE Office-H-2	2.47	-	2.47	0.19%	$	603	627.98		
Total Non-Residential Land Uses	150.95	25.81	125.14	9.43%	$	30,543	$	31,816		
Grand Total (Gross)	2,457.28	1,130.94	1,326.34	100.00%	$	323,725	$	337,214		

$  178,100.00

Total -Somerset Only- O&M Expenditures

Tract	
Parcel	
Gross Acreage	Preserve and Lake Acerage	
Net Acerage	
% of Total Acreage	Allocation of Expenditures	Total Expenditures Grossed up (on Roll)	
Projected Units	
Net Assmt per Unit	Gross Assmt per Unit (If On Roll)	
2	D/E	817.73	481.41	336.32	77.75%	$	138,478	$	144,248	954	$	145.15	$	151.20	
2	Golf Course (part of Tract 2
Parcel D/E)	116.23	20.00	96.23	22.25%	$	39,622	$	41,273		
Totals	
933.96	
501.41	
432.55	
100.00%	
$	178,100	
$	185,521		

$	7,000.00

Total -Parcel C Only O&M Expenditures

Tract	
Parcel	
Gross Acreage	Preserve and Lake Acerage	
Net Acerage	
% of Total Acreage	Allocation of Expenditures	Total Expenditures Grossed up (on Roll)	
Projected Units	
Net Assmt per Unit	Gross Assmt per Unit (If On Roll)	
2	C	259.16	83.39	175.77	100.00%	$	7,000	$	7,292	694	$	10.09	$	10.51	

$	9,000.00

Total -Bridgetown Only O&M Expenditures

Tract	
Parcel	
Gross Acreage	Preserve and Lake Acerage	
Net Acerage	
% of Total Acreage	Allocation of Expenditures	Total Expenditures Grossed up (on Roll)	
Projected Units	
Net Assmt per Unit	Gross Assmt per Unit (If On Roll)	
2	B	669.06	332.43	336.63	100.00%	$	9,000	$	9,375	985	$	9.14	$	9.52	

14

ANNUAL ASSESSMENT METHODOLOGY - 2014 BOND DEBT SERVICE FISCAL YEAR 2023/2024
OCTOBER 1, 2023 - SEPTEMBER 30, 2024

Net 2014 A1 & A2 Principal & Interest
Payment Due:	
Net Total MADs	
% Difference	
$	593,966.00	$	598,173.89	99.297%	

*

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	$	723.40	$	86,807.52	$	-	
PARCEL C - 4 - Plex	164	148	$	723.40	$  107,062.61	$	11,111	
PARCEL C - 46' Single Family	62	62	$	899.09	$	55,743.51	$	-	
PARCEL C - 52' Single Family	219	219	$	950.76	$  208,217.41	$	-	
PARCEL C - 67' Single Family	129	129	$	1,157.44	$  149,309.20	$	-	
						
Grand Total	694	678		$  607,140.25	$	11,111.36	

Per Unit ERUs
from Methodology	

Category Total using ERUs and Lot Count
from
Methodology	

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.

ANNUAL ASSESSMENT METHODOLOGY - 2018 BOND DEBT SERVICE FISCAL YEAR 2023/2024
OCTOBER 1, 2023 - SEPTEMBER 30, 2024

$2,636,069

Gross MADs when all platted

GRAND TOTAL	2,636,069	0	2,636,069

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)	185	185	488	90,280	0	
PARCELS B - Single Family 42' - (3)	39	39	1,005	39,195	0	
PARCELS B - Single Family 42' - (5)	1	1	0	0	0	
PARCELS B - Single Family 55' - (1)	230	230	654	150,420	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 55' - (5)	2	2	0	0	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		
855,737	
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		
2,476,263	
0	

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

84,216	
36,180	
90,280	
39,195	
0	
150,420	
0	
71,284	
0	
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	

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

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 2023/2024 October 1, 2023 - September 30, 2024

		Gross	Gross	
	Product	Fiscal Year 2022/2023	Fiscal Year 2023/2024	
Parcel	Type	On Roll Assessment Per Unit	On Roll Assessment Per Unit	

GL Homes				
A	Villa / Townhome	$347.13	$357.51	
A	40' SF	$423.13	$433.51	
A	40' SF - PO	$50.13	$60.51	
A	45' SF	$440.13	$450.51	
A	45' SF / Villa *	$440.13	$450.51	
A	45' SF - PO	$50.13	$60.51	
A	52' SF	$463.13	$473.51	
A	52' SF - PO	$50.13	$60.51	
A	62' SF	$503.13	$513.51	

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)	$1,366.89	$1,372.41	
B	MF - (3)	$1,095.89	$1,101.41	
B	SF 42' - (1)	$578.89	$584.41	
B	SF 42' - (3)	$1,095.89	$1,101.41	
B	SF 42' - (5)	$90.89	$96.41	
B	SF 55' - (1)	$744.89	$750.41	
B	SF 55' - (2)	$0.00	$0.00	
B	SF 55' - (3)	$1,094.89	$1,100.41	
B	SF 55' - (5)	$90.89	$96.41	
B	SF 67' - (1)	$886.89	$892.41	
B	SF 67' - (2)	$1,366.89	$1,372.41	
B	SF 67' - (3)	$1,094.89	$1,100.41	
B	SF 67' - (4)	$1,538.89	$1,544.41	
B	SF 75' - (1)	$0.00	$0.00	
B	SF 75' - (2)	$1,536.89	$1,542.41	
B	SF 75' - (3)	$1,264.89	$1,270.41	
B	SF 75' - (4)	$1,622.89	$1,628.41	
D/E	MF - (1)	$763.75	$738.83	
D/E	MF - (2)	$1,541.75	$1,516.83	
D/E	MF - (3)	$1,270.75	$1,245.83	
D/E	MF - (4)	$1,713.75	$1,688.83	
D/E	SF 55' - (1)	$919.75	$894.83	
D/E	SF 55' - (2)	$1,541.75	$1,516.83	
D/E	SF 55' - (3)	$1,269.75	$1,244.83	
D/E	SF 67' - (1)	$1,061.75	$1,036.83	
D/E	SF 67' - (2)	$1,541.75	$1,516.83	
D/E	SF 67' - (3)	$1,269.75	$1,244.83	
D/E	SF 67' - (4)	$1,713.75	$1,688.83	
D/E	SF 67' - (5)	$265.75	$240.83	
D/E	SF 75' - (1)	$1,154.75	$1,129.83	
D/E	SF 75' - (2)	$1,711.75	$1,686.83	
D/E	SF 75' - (3)	$1,439.75	$1,414.83	
D/E	SF 75' - (4)	$1,797.75	$1,772.83	
D/E	SF 75' - (5)	$265.75	$240.83	
	(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		
Lennar			
C	6 - Plex	$785.02	$798.30	
C	4 - Plex	$785.02	$798.30	
C	46' SF	$959.69	$973.99	
C	52' SF	$1,011.07	$1,025.66	
C	67' SF	$1,216.54	$1,232.34	

Others			
D/E	Golf Course	$160,648.85	$189,294.95	
G	Neighborhood Retail	$24,641.88	$26,055.19	
H-1	Retail/ Commercial	$13,383.43	$14,417.01	
H-2	RE Office	$2,827.44	$3,127.98	

RESOLUTION 2023-05

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 2023/2024; 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, 2023 and ending September 30, 2024 (“Fiscal Year 2023/2024”), 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 2023/2024; 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, 2023; 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, 2024 and 50% due no later than September 30, 2024. 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 2023/2024, 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 21st day of August, 2023.

ATTEST:	ARBORWOOD COMMUNITY
DEVELOPMENT DISTRICT

Secretary / Assistant Secretary	Chair/Vice Chair, Board of Supervisors

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

ARBORWOOD CDD - ROADWAY LIGHTING - TREELINE AVE - LOAD CENTER A	
#	PLAN POLE #	LEE COUNTY SUPPORT #	LEE COUNTY FIXTURE #	MH	FIXTURE	POLE/ARM MFG	COMMENTS	
1	1-A-1	TBD	TBD	25 FT	MGLED4	HAPCO	2 PUCKS OUT ON FIXTURE	
2	2-A-1	TBD	TBD	25 FT	MGLED4	HAPCO	MISSING 1 BOLT COVER ON BREAKAWAY BASE	
3	3-A-1	TBD	TBD	25 FT	MGLED4	HAPCO	2 PUCKS OUT ON FIXTURE, MISSING 4 BOLT COVERS ON BREAKAWAY BASE	
4	4-A-1	TBD	TBD	25 FT	MGLED4	HAPCO	NOT WORKING, MISSING 4 BOLT COVERS	
5	5-A-1	TBD	TBD	25 FT	MGLED4	HAPCO	MISSING 4 BOLT COVERS	
6	1-A-2	TBD	TBD	25 FT	MGLED4	HAPCO	2 PUCKS OUT ON FIXTURE	
7	2-A-2	TBD	TBD	25 FT	MGLED4	HAPCO		
8	3-A-2	TBD	TBD	25 FT	MGLED4	HAPCO		
9	4-A-2	TBD	TBD	25 FT	MGLED4	HAPCO	NOT WORKING	
10	5-A-2	TBD	TBD	25 FT	MGLED4	HAPCO		
11	6-A-2	TBD	TBD	25 FT	MGLED4	HAPCO	TBASE DOOR LAYING IN GRASS, INSTALLED AND TIGHTENED	
12	7-A-2	TBD	TBD	25 FT	MGLED4	HAPCO	TBASE DOOR LAYING IN GRASS, INSTALLED AND TIGHTENED	
13	1-A-3	TBD	TBD	40 FT	MGLED7	HAPCO	SCREW IN BASE, CHECK ARM FOR TIGHTNESS	
14	2-A-3	TBD	TBD	40 FT	MGLED7	HAPCO	SCREW IN BASE, CHECK ARM FOR TIGHTNESS	
15	3-A-3	TBD	TBD	40 FT	MGLED7	HAPCO		
16	4-A-3	TBD	TBD	40 FT	MGLED7	HAPCO	SCREW IN BASE, CHECK ARM FOR TIGHTNESS, ARM TWISTED	
17	1-A-4	TBD	TBD	40 FT	MGLED7	HAPCO	SCREW IN BASE, CHECK ARM FOR TIGHTNESS	
18	2-A-4	TBD	TBD	40 FT	MGLED7	HAPCO	SCREW IN BASE, CHECK ARM FOR TIGHTNESS	
19	3-A-4	TBD	TBD	40 FT	MGLED7	HAPCO	SCREW IN BASE, CHECK ARM FOR TIGHTNESS	
20	4-A-4	TBD	TBD	40 FT	MGLED7	HAPCO	SCREW IN BASE, CHECK ARM FOR TIGHTNESS	
	
ARBORWOOD CDD - ROADWAY LIGHTING - TREELINE AVE - LOAD CENTER B	
#	PLAN POLE #	LEE COUNTY SUPPORT #	LEE COUNTY FIXTURE #	MH	FIXTURE		COMMENTS	
1	1-B-1	TBD	TBD	40 FT	MGLED7	HAPCO	ARM TWISTED, 2 PUCKS OUT ON FIXTURE	
2	1-B-2	TBD	TBD	40 FT	MGLED7	HAPCO	ARM TWISTED, LOOSE	
3	2-B-2	TBD	TBD	40 FT	MGLED7	HAPCO	ARM TWISTED, LOOSE	
4	3-B-2	TBD	TBD	40 FT	MGLED7	HAPCO	NOT WORKING, ARM TWISTED, LOOSE	
5	4-B-2	TBD	TBD	40 FT	MGLED7	HAPCO	ARM TWISTED, LOOSE	
6	5-B-2	TBD	TBD	40 FT	MGLED7	HAPCO	POLE MISSING, WIRES EXPOSED	
7	6-B-2	TBD	TBD	40 FT	MGLED7	HAPCO	ARM TWISTED, LOOSE	
8	7-B-2	TBD	TBD	40 FT	MGLED7	HAPCO	ARM TWISTED, LOOSE	
9	8-B-2	TBD	TBD	40 FT	MGLED7	HAPCO	NOT WORKING, ARM TWISTED, LOOSE, TBASE DOOR LAYING IN GRASS, INSTALLED AND TIGHTENED	
10	9-B-2	TBD	TBD	40 FT	MGLED7	HAPCO	ARM TWISTED, LOOSE	
11	10-B-2	TBD	TBD	40 FT	MGLED7	HAPCO	POLE MISSING	
12	11-B-2	TBD	TBD	40 FT	MGLEDM	NOVA	MISSING 4 BOLT CAPS	
13	12-B-2	TBD	TBD	40 FT	MGLEDM	NOVA	1/2 OF LEDS DIMMED, MISSING 4 BOLT CAPS	
14	13-B-2	TBD	TBD	40 FT	MGLEDM	NOVA	MISSING 4 BOLT CAPS	
15	14-B-2	TBD	TBD	40 FT	MGLEDM	NOVA	MISSING 4 BOLT CAPS	
16	1-B-4	TBD	TBD	40 FT	MGLED7	HAPCO	CHECK ARM FOR TIGHTNESS	
17	2-B-4	TBD	TBD	40 FT	MGLED7	HAPCO	CHECK ARM FOR TIGHTNESS	
18	3-B-4	TBD	TBD	40 FT	MGLED7	HAPCO	MISSING ARM, SCREW IN BASE	
19	4-B-4	TBD	TBD	40 FT	MGLED7	HAPCO	CHECK ARM FOR TIGHTNESS	
20	5-B-4	TBD	TBD	40 FT	MGLED7	HAPCO	CHECK ARM FOR TIGHTNESS	
21	6-B-4	TBD	TBD	40 FT	MGLED7	HAPCO		
22	7-B-4	TBD	TBD	40 FT	MGLED7	HAPCO		
23	8-B-4	TBD	TBD	40 FT	MGLED7	HAPCO	ARM TWISTED, LOOSE	
24	9-B-4	TBD	TBD	40 FT	MGLEDM	NOVA	MISSING 4 BOLT CAPS	
25	10-B-4	TBD	TBD	40 FT	MGLEDM	NOVA	MISSING 4 BOLT CAPS	
26	11-B-4	TBD	TBD	40 FT	MGLEDM	NOVA	MISSING 4 BOLT CAPS	
27	12-B-4	TBD	TBD	40 FT	MGLEDM	NOVA	MISSING 4 BOLT CAPS	
28	13-B-4	TBD	TBD	40 FT	MGLEDM	NOVA	MISSING 4 BOLT CAPS	
29	14-B-4	TBD	TBD	NA	NA		FOUNDATION AND T-BASE ONLY PER PLANS, FOUNDATION IN CROOKED/LEANING	
	
ARBORWOOD CDD - ROADWAY LIGHTING - TREELINE AVE - LOAD CENTER C	
#	PLAN POLE #	LEE COUNTY SUPPORT #	LEE COUNTY FIXTURE #	MH	FIXTURE		COMMENTS	
1	2-C-2	TBD	TBD	40 FT	MGLED7	HAPCO	CHECK ARM FOR TIGHTNESS	
2	3-C-2	TBD	TBD	40 FT	MGLED7	HAPCO	ARM TWISTED, LOOSE	
3	4-C-2	TBD	TBD	40 FT	MGLED7	HAPCO	CHECK ARM FOR TIGHTNESS	
4	5-C-2	TBD	TBD	40 FT	MGLED7	HAPCO	CHECK ARM FOR TIGHTNESS	
5	6-C-2	TBD	TBD	40 FT	MGLED7	HAPCO	ARM TWISTED, LOOSE	
6	7-C-2	TBD	TBD	40 FT	MGLED7	HAPCO	2 PUCKS OUT, ARM LOOSE, 1 BOLT CAP MISSING	
7	8-C-2	TBD	TBD	40 FT	MGLED7	HAPCO	ARM TWISTED, LOOSE	
8	9-C-2	TBD	TBD	40 FT	MGLED7	HAPCO	ARM TWISTED, LOOSE	
9	10-C-2	TBD	TBD	40 FT	MGLED7	HAPCO	ARM TWISTED, LOOSE, 1 BOLT CAP BROKEN	
10	2-C-4	TBD	TBD	40 FT	MGLED7	HAPCO	ARM TWISTED, LOOSE	
11	3-C-4	TBD	TBD	40 FT	MGLED7	HAPCO	ARM TWISTED, LOOSE	
12	4-C-4	TBD	TBD	40 FT	MGLED7	HAPCO	SLIGHTLY TWISTED, LOOSE	
13	5-C-4	TBD	TBD	40 FT	MGLED7	HAPCO	2 PUCKS OUT, CHECK ARM FOR TIGHTNESS	
14	6-C-4	TBD	TBD	40 FT	MGLED7	HAPCO	CHECK ARM FOR TIGHTNESS	
15	7-C-4	TBD	TBD	40 FT	MGLEDM	NOVA		
16	8-C-4	TBD	TBD	40 FT	MGLED7	HAPCO	ARM TWISTED LOOSE	
17	9-C-4	TBD	TBD	40 FT	MGLED7	HAPCO	FOUNDATION AND T-BASE ONLY PER PLANS	

RESOLUTION NO. 2023-06

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT, ESTABLISHING A REGULAR MEETING SCHEDULE FOR FISCAL YEAR 2023/2024 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 2023/2024; and

WHEREAS, the Board of Supervisors of the District has set a regular meeting schedule, location and time for District meetings for fiscal year 2023/2024 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 2023/2024 which is attached hereto as Exhibit “A” is hereby adopted and authorized to be published.

PASSED, ADOPTED and EFFECTIVE this 21st day of August, 2023.

ATTEST:	ARBORWOOD
COMMUNITY DEVELOPMENT DISTRICT

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

ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2023/2024 REGULAR MEETING SCHEDULE
Regular Meetings of the Board of Supervisors of the Arborwood Community Development District will be held at 9:00 a.m. in the Amenity Center Community Room, Somerset at the Plantation, 10401 Dartington Drive, Fort Myers, Florida, 33913 on the following dates:

October 16, 2023
November 20, 2023
December 18, 2023
January 15, 2024
February 19, 2024
March 18, 2024
April 15, 2024
May 20, 2024
June 17, 2024
July 15, 2024
August 19, 2024
September 16, 2024

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 941-223-2475 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.

Michelle Krizen District Manager
Arborwood Community Development District www.arborwoodcdd.org
PUBLISH: FORT MYERS NEWS-PRESS  00/00/2023

Income

01-3100 · O & M Assessments (On-Roll)	504,563.37		503,606.00		957.37		100.19%	
01-3305 · O&M Assesments-Off Roll-Lennar	0.00		1,011.00		-1,011.00		0.0%	
01-3812 · Debt Assessments (2018)	2,636,606.35		2,636,069.00		537.35		100.02%	
01-3818 · Debt Assessments (2014A-1)	603,743.05		603,623.00		120.05		100.02%	
01-3822 · Debt Assess-Pd To Trustee-2018	-2,528,722.95		-2,530,626.00		1,903.05		99.93%	
01-3829 · Debt Asses-Pd To Trustee-2014A1	-579,032.15		-609,673.00		30,640.85		94.97%	
01-3830 · Assessment Fees	-10,069.50		-10,000.00		-69.50		100.7%	
01-3831 · Assessment Discounts	-143,130.91		-149,732.00		6,601.09		95.59%	
01-3922 · Debt Direct Bill - Lennar(2014)	0.00		30,195.00		-30,195.00		0.0%	
01-9400 · Other Revenue	74,566.45		18,000.00		56,566.45		414.26%	
Total Income	558,523.71		492,473.00		66,050.71		113.41%	
Expense								
01-1130 · Payroll Tax Expense	566.10		880.00		-313.90		64.33%	
01-1131 · Supervisor Fees	7,400.00		11,000.00		-3,600.00		67.27%	
01-1310 · Engineering	39,372.22		32,500.00		6,872.22		121.15%	
01-1311 · Management Fees	32,140.00		38,568.00		-6,428.00		83.33%	
01-1313 · Website Management	1,666.60		2,000.00		-333.40		83.33%	
01-1315 · Legal Fees	7,072.00		22,000.00		-14,928.00		32.15%	
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	150.00		500.00		-350.00		30.0%	
01-1450 · Insurance	10,839.00		12,000.00		-1,161.00		90.33%	
01-1480 · Legal Advertisements	2,281.66		5,500.00		-3,218.34		41.49%	
01-1512 · Miscellaneous	2,150.29		3,300.00		-1,149.71		65.16%	
01-1513 · Postage and Delivery	2,622.93		1,150.00		1,472.93		228.08%	
01-1514 · Office Supplies	3,624.65		2,300.00		1,324.65		157.59%	
01-1540 · Dues, License & Subscriptions	175.00		175.00		0.00		100.0%	
01-1555 · Trustee Fees	4,246.25		30,000.00		-25,753.75		14.15%	
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	13,916.01		0.00		13,916.01		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	15,380.00		22,000.00		-6,620.00		69.91%	
01-1820 · Panther Mitigation Mnt-Exotics	80,000.00		80,000.00		0.00		100.0%	
01-1822 · Street Lighting-Utility & Maint	5,478.13		13,000.00		-7,521.87		42.14%	
01-1824 · Field Inspector - Somerset Only	21,175.84		25,500.00		-4,324.16		83.04%	
01-1825 · Lake Maintenance-Somerset Only	38,390.00		46,100.00		-7,710.00		83.28%	
01-1826 · Preserve Maint - Somerset Only	50,300.00		35,000.00		15,300.00		143.71%	
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)	10,020.00		36,500.00		-26,480.00		27.45%	
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	352,966.68		492,473.00		-139,506.32		71.67%	
1et Income		205,557.03			0.00			205,557.03			100.0%	

Bank Balance As Of 7/31/23	
$	548,701.42	

Accounts Payable As Of 7/31/23	
$	30,569.27	

Other Assets As Of 7/31/23	
$	-	

Total Fund Balance As Of 7/31/23	
$	518,132.15	

Series 2014A-1 Bond Balance As Of 7/31/23	
$	4,220,000.00	

Series 2014A-2 Bond Balance As Of 7/31/23	
$	890,000.00	

Series 2018A-1 Bond Balance As Of 7/31/23	
$ 18,750,000.00	
Series 2018A-2 Bond Balance As Of 7/31/23	$	6,470,000.00	

Total Bond Balance As Of 7/31/23	
$ 30,330,000.00