ARBORWOOD COMMUNITY DEVELOPMENT
DISTRICT

LEE COUNTY Regular Board Meeting
& Public Hearing August 12, 2025
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 12, 2025
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 21, 2025 Regular Board Meeting Minutes…	Page 3
Old Business
Discussion Regarding Plantings in the Limited Maintenance Easements
New Business
Consider Resolution No. 2025-03 – Resetting Public Hearing Date to Adopt Fiscal Year
2025-2026 Final Budget…	Page 6
Consider Resolution No. 2025-04 – Adopting a Fiscal Year 2025/2026 Meeting Schedule…	Page 7
Consider Appointment of Audit Committee & Approval of Evaluation Criteria…	Page 9
Public Hearing
Proof of Publication…	Page 13
Receive Public Comments on Fiscal Year 2025/2026 Final Budget
Consider Resolution No. 2025-05 – Adopting a Fiscal Year 2025/2026 Final Budget…	Page 15
Consider Resolution No. 2025-06 – Adopting a Fiscal Year 2025/2026 Assessment Roll…	Page 36
Administrative Matters
Attorney’s Report
Engineer Report
Field Inspectors Report
Preserve Compliance Updates
Manager’s Report
Financials…	Page 40
Board Member Comments
Adjourn

Keywords:
Notice of Public Hearing & Reg Board Mtg of 08/12/25

View original file

ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT
NOTICE OF PUBLIC HEARING TO CONSIDER THE ADOPTION OF THE FISCAL YEAR 2026 PROPOSED BUDGET(S); 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 and regular meeting as follows:
DATE: August 12, 2025
TIME: 9:00 A.M.
LOCATION: Amenity Center Community Room Somerset at the Plantation
10401 Dartington Drive Fort Myers, Florida, 33913
The purpose of the public hearing is to receive comments and objections on the adoption of the Districts proposed budget(s) for the fiscal year beginning October 1, 2025, and ending September 30, 2026 (Proposed Budget). A regular Board meeting of the District will also be held at the above 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, at The Oaks Center 2501A Burns Road Palm Beach Gardens, FL 33410, Ph: 941-223-2475 (District Managers Office), during normal business hours, or by visiting the Districts website 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/or meeting may be continued in progress to a date, time certain, and place to be specified on the record at the public hearing and/or meeting. There may be occasions when Board Supervisors or District Staff may participate by speaker telephone.
Any person requiring special accommodations at the public hearing or meeting because of a disability or physical impairment should contact the District Managers Office at least forty-eight (48) hours prior to the public hearing and 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 Managers 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.
District Manager
ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT
www.arborwoodcdd.org No.11499861 July 30, 2025

ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT REGULAR BOARD MEETING
JULY 21, 2025

CALL TO ORDER

The July 21, 2025, 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 11, 2025, 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	Jeff Gordish	Present	
Vice Chairperson	Karin Hagen	Present	
Supervisor	Jack Aycock	Present	
Supervisor	Donald Schrotenboer	Present via phone	
Supervisor	Christopher Anderson	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	Josh Evans	JR Evans Engineering	

Also present was Bethany Brosious of Passarella & Associates.

ADDITIONS OR DELETIONS TO THE AGENDA

There were no additions or deletions to the agenda.

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
June 16, 2025, Regular Board Meeting

The June 16, 2025, Regular Board Meeting minutes were presented for consideration.

Page 1 of 3

A MOTION was made by Mr. Gordish, seconded by Ms. Hagen and passed unanimously approving the June 16, 2025, Regular Board Meeting minutes, as presented.

OLD BUSINESS
Update Road Impact Fee Credits

There has been no further responses with the possible recipient. A discussion ensued and Mr. Haber went over the Florida Abandon Property process. There is not a clear path that would lead to the District as an entitled party, even after the credits expire.

A motion was made by Mr. Gordish, seconded by Mr. Anderson directing staff to stop all legal and management involvement seeking the entitled parties or selling of the credits. The motion carried 4 to 1 with Mr. Aycock dissenting.

Mr. Aycock was opposed because he hates to see them expire and have no value.

NEW BUSINESS

There were no New Business items to come before the Board.

ADMINISTRATIVE MATTERS
Engineer’s Report

The lake bank repairs are being readdressed within the next few weeks.
One final traffic study is required from the City. Mr. Lorenz will coordinate with the City and contractor to make sure the Board has an agreement in place in time for the February inspection.

Attorney’s Report

There was nothing to report at his time but Mr. Haber was available for questions.

Field Inspector’s Report

Mr. Hirniak was unable to attend today’s meeting but Ms. Krizen presented his summary. I would like to say that our lake levels are reflecting the recent wet season, but all indications/observations are that the lakes are behaving as they should be and the community continues to be protected as designed. The flow way is also functioning properly.

Preserves Compliance Report

Woods and Wetlands has treated all parcels, Passarella is about halfway through the inspections. There was a spot in Somerset that required additional treatment by Woods and Wetlands.

The Panther Parcel will be treated next week with inspections to follow. Mr. Gordish asked about the parcel that is being donated to the City. This parcel has been treated for which Passarella will confirm the treatment worked, then the quit claim deed can be sent to the City.

Page 2 of 3

Manager’s Report
a. Financials

The financials were provided to the Board Members. There were no questions.

BOARD MEMBER COMMENTS

Mr. Gordish reported that the City had provided a locked gate at Plantation Gardens, securing our preserve in order to prevent trespassing and dumping.

There was a discussion regarding Bridgetown’s obligation to provide reports to the Board regarding the work completed pursuant to the maintenance agreement. Mr. Haber reported that the HOA was obligated to provide periodic reports. The Board has requested monthly reports and requested that District staff coordinate to ensure a report has been provided.

The LME (limited maintenance easement) is a benefit for the District on the homeowner’s property. The District has a right to object to construction or any item that will adversely affect the District’s ability to maintain the improvement.

The Board questioned the planning in the LME and it was indicated that it will be brought before the Board for discussion at a future meeting.

ADJOURNMENT

There being no further business to come before the Board, a MOTION was made by Mr. Aycock, seconded by Mr. Gordish and passed unanimously adjourning the Regular Board Meeting at 10:08 a.m.

Secretary/Assistant Secretary	Chair/Vice-Chair

Page 3 of 3

RESOLUTION NO. 2025-03

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT AMENDING RESOLUTION NO. 2025-02; AMENDING THE DATE AND TIME FOR THE PUBLIC HEARING TO CONSIDER THE FISCAL YEAR 2025/2026 FINAL BUDGET AND ASSESSMENTS AND AUTHORIZING THE SECRETARY AND DISTRICT MANAGER TO TAKE CERTAIN ACTIONS TO ACCOMPLISH THE INTENT OF THIS RESOLUTION; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the Board of Supervisors (“Board”) of the Arborwood Community Development District (the “District”) is required by Chapter 190.008, Florida Statutes, to approve a Proposed Budget for each fiscal year; and

WHEREAS, the Board previously adopted Resolution 2025-02 approving a proposed budget and setting a public hearing for August 18, 2025; and

WHEREAS, due to the unforeseen inability of the Board to secure a quorum for the scheduled public hearing, said public hearing had to be re-advertised and rescheduled; and

WHEREAS, the public hearing has been rescheduled for August 12, 2025, and all other requirements and filings associated with the preparation of the fiscal year budget have been completed.

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

Resolution No. 2025-02 is hereby amended to change the date and time of the Public Hearing to August 12, 2025 at 9:00 a.m. in the Amenity Center Community Room, Somerset at the Plantation, 10401 Dartington Drive, Fort Myers, Florida 33913, for the purpose of receiving public comments on the Proposed Fiscal Year 2025/2026 Budget.
The Secretary of the District is authorized to execute any and all necessary transmittals, certifications or other acknowledgements or writings, as necessary, to comply with all applicable notice requirements.

PASSED, ADOPTED and EFFECTIVE this 12th day of August, 2025.

ATTEST:	ARBORWOOD
COMMUNITY DEVELOPMENT DISTRICT

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

RESOLUTION NO. 2025-04

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT, ESTABLISHING A REGULAR MEETING SCHEDULE FOR FISCAL YEAR 2025/2026 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 2025/2026; and

WHEREAS, the Board of Supervisors of the District has set a regular meeting schedule, location and time for District meetings for fiscal year 2025/2026 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 2025/2026 which is attached hereto as Exhibit “A” is hereby adopted and authorized to be published.
PASSED, ADOPTED and EFFECTIVE this 12th day of August, 2025.

ATTEST:	ARBORWOOD
COMMUNITY DEVELOPMENT DISTRICT

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

FISCAL YEAR 2025/2026 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 20, 2025
November 17, 2025
December 15, 2025
February 16, 2026
March 16, 2026
April 20, 2026
May 18, 2026
June 15, 2026
July 20, 2026
August 17, 2026
September 21, 2026
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

AUDITOR SELECTION EVALUATION CRITERIA

Ability of Personnel (10 Points).

(E.g., geographic locations of the firm’s headquarters or permanent office in relation to the project; capabilities and experience of key personnel; evaluation of existing work load; proposed staffing levels, etc.)

Proposer’s Experience (10 Points).

(E.g. past record and experience of the Proposer in similar projects; volume of work previously performed by the firm; past performance for other Community Development Districts in other contracts; character, integrity, reputation of Proposer, etc.)

Understanding of Scope of Work (10 Points).

Extent to which the proposal demonstrates an understanding of the District’s needs for the services requested.

Ability to Furnish the Required Services (10 Points).
Present ability to manage this project and the extent to which the proposal demonstrates the adequacy of Proposer’s financial resources and stability as a business entity necessary to complete the services required (E.g. the existence of any natural disaster plan for business operations).

Price (10 Points).

Points will be awarded based upon the price bid for the rendering of the services and reasonableness of the price to the services.

REQUEST FOR PROPOSALS

District Auditing Services for Fiscal Years 2024/2025, 2025/2026 and 2026/2027 With Two Year Option (2027/2028 and 2028/2029)
Lee County, Florida

ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT AUDITOR SELECTION INSTRUCTIONS TO PROPOSERS

SECTION 1. DUE DATE. Sealed proposals must be received no later than September 16, 2025 at 4:00 p.m., at the offices of District Manager, located at 2501A Burns Road, Palm Beach Gardens, Florida 33410.

SECTION 2. FAMILIARITY WITH THE LAW. By submitting a proposal, the Proposer is affirming its familiarity and understanding with all federal, state, and local laws, ordinances, rules and regulations that in any manner affect the work. Ignorance on the part of the Proposer will in no way relieve it from responsibility to perform the work covered by the proposal in compliance with all such laws, ordinances and regulations.

SECTION 3. QUALIFICATIONS OF PROPOSER. The contract, if awarded, will only be awarded to a responsible Proposer who is qualified by experience and licensing to do the work specified herein. The Proposer shall submit with its proposal satisfactory evidence of experience in similar work and show that it is fully prepared to complete the work to the satisfaction of the District.
SECTION 4. REJECTION OF PROPOSAL. Proposers shall be disqualified and their proposals rejected if the District has reason to believe that collusion may exist among the Proposers, the Proposer has defaulted on any previous contract or is in arrears on any previous or existing contract, or for failure to demonstrate proper licensure and business organization.

SECTION 5. SUBMISSION OF PROPOSAL. Submit one (1) copy of the Proposal Documents and one digital copy, and other requested attachments at the time and place indicated herein, which shall be enclosed in an opaque sealed envelope, marked with the title “Auditing Services – Arborwood Community Development District” on the face of it.

SECTION 6.  MODIFICATION AND WITHDRAWAL.  Proposals may be
modified or withdrawn by an appropriate document duly executed and delivered to the place where proposals are to be submitted at any time prior to the time and date the proposals are due. After proposals are opened by the District, no proposal may be withdrawn for a period of ninety (90) days.

SECTION 7. PROPOSAL DOCUMENTS. The proposal documents shall consist of the notice announcing the request for proposals, these instructions, the Evaluation Criteria Sheet and a proposal with all required documentation pursuant to Section 12 of these instructions (the “Proposal Documents”).

SECTION 8. PROPOSAL. In making its proposal, each Proposer represents that it has read and understands the Proposal Documents and that the proposal is made in accordance therewith.

SECTION 9. BASIS OF AWARD/RIGHT TO REJECT. The District reserves the right to reject any and all proposals, make modifications to the work, and waive any informalities or irregularities in proposals as it is deemed in the best interests of the District.

SECTION 10. CONTRACT AWARD. Within fourteen (14) days of receipt of the Notice of Award from the District, the Proposer shall enter into and execute a Contract (engagement letter) with the District.

SECTION 11. LIMITATION OF LIABILITY. Nothing herein shall be construed as or constitute a waiver of District’s limited waiver of liability contained in section 768.28, Florida Statutes, or any other statute or law.

SECTION 12. MISCELLANEOUS. All proposals shall include the following information in addition to any other requirements of the proposal documents.
List position or title of all personnel to perform work on the District audit. Include resumes or each person listed; list years of experience in present position for each party listed and years of related experience.

Describe proposed staffing levels, including resumes with applicable certifications.

Three references from projects of similar size and scope. The Proposer should include information relating to the work it conducted for each reference as well as a name, address and phone number of a contact person.
SECTION 13. PROTESTS. Any protest regarding the Proposal Documents, must be filed in writing, at the offices of the District Manager, within seventy-two (72) hours after receipt of the Request for Proposals and Evaluation Criteria or other contract documents. The formal protest setting forth with particularity the facts and law upon which the protest is based shall be filed within seven (7) calendar days after the initial notice of protest was filed. Failure to timely file a notice of protest or failure to timely file a formal written protest shall constitute a waiver of any right to object or protest with respect to the aforesaid Request for Proposals, Evaluation Criteria, or other contract documents.

SECTION 14. EVALUATION OF PROPOSALS. The criteria to be used in the evaluation are presented in the Evaluation Criteria Sheet, contained within the Proposal Documents.

SECTION 15. REJECTION OF ALL PROPOSALS. The District reserves the right to reject any and all bids, with or without cause, and to waive technical errors and informalities, as determined to be in the best interests of the District.

Keywords:
Notice of Public Hearing & Reg Board Mtg of 08/12/25

View original file

ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT
NOTICE OF PUBLIC HEARING TO CONSIDER THE ADOPTION OF THE FISCAL YEAR 2026 PROPOSED BUDGET(S); 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 and regular meeting as follows:
DATE: August 12, 2025
TIME: 9:00 A.M.
LOCATION: Amenity Center Community Room Somerset at the Plantation
10401 Dartington Drive Fort Myers, Florida, 33913
The purpose of the public hearing is to receive comments and objections on the adoption of the Districts proposed budget(s) for the fiscal year beginning October 1, 2025, and ending September 30, 2026 (Proposed Budget). A regular Board meeting of the District will also be held at the above 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, at The Oaks Center 2501A Burns Road Palm Beach Gardens, FL 33410, Ph: 941-223-2475 (District Managers Office), during normal business hours, or by visiting the Districts website 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/or meeting may be continued in progress to a date, time certain, and place to be specified on the record at the public hearing and/or meeting. There may be occasions when Board Supervisors or District Staff may participate by speaker telephone.
Any person requiring special accommodations at the public hearing or meeting because of a disability or physical impairment should contact the District Managers Office at least forty-eight (48) hours prior to the public hearing and 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 Managers 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.
District Manager
ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT
www.arborwoodcdd.org No.11499861 July 30, 2025

RESOLUTION 2025-05
[FY 2025/2026 APPROPRIATION RESOLUTION]

THE ANNUAL APPROPRIATION RESOLUTION OF THE ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT (“DISTRICT”) RELATING TO THE ANNUAL APPROPRIATIONS AND ADOPTING THE BUDGET(S) FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2025, AND ENDING SEPTEMBER 30, 2026; AUTHORIZING BUDGET AMENDMENTS; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, for the fiscal year beginning October 1, 2025, and ending September 30, 2025 (“FY 2025/2026”), the District Manager prepared and submitted to the Board of Supervisors (“Board”) of the Arborwood Community Development District (“District”) prior to June 15, 2025, proposed budget(s) (“Proposed Budget”) 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 general-purpose government(s) 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 on the Proposed Budget 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 in accordance with Section 189.016, Florida Statutes; 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.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT:
SECTION 1.   BUDGET

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, 2026.”

The Adopted Budget shall be posted by the District Manager on the District’s official website in accordance with Section 189.016, Florida Statutes and shall remain on the website for at least two (2) years.

SECTION 2.	APPROPRIATIONS

There is hereby appropriated out of the revenues of the District, for FY 2025/2026, the sum(s) set forth in Exhibit A 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 as set forth in Exhibit A.

SECTION 3.	BUDGET AMENDMENTS
Pursuant to Section 189.016, Florida Statutes, the District at any time within FY 2025/2026 or within 60 days following the end of the FY 2025/2026 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 this paragraph c. are posted on the District’s website in accordance with Section 189.016, Florida Statutes, and remain on the website for at least two (2) years.

SECTION 4.	EFFECTIVE DATE. This Resolution shall take effect immediately upon adoption.
PASSED AND ADOPTED THIS 12th DAY OF AUGUST, 2025.
ATTEST:	ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT

Secretary / Assistant Secretary	Chair/Vice Chair, Board of Supervisors
Exhibit A:	FY 2025/2026 Budget

Arborwood Community Development District

Final Budget Fiscal Year 2025/2026
October 1, 2025 - September 30, 2026

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 th

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 who pay early and receive a discount off their property tax bill, which can be up to 4%

3

TOTAL
FISCAL YEAR 2025/2026
October 1, 2025 - September 30, 2026

REVENUES		TOTAL	
GENERAL FUND ON ROLL ASSESSMENT		539,884	
GENERAL FUND DIRECT BILL ASSESSMENT - LENNAR		0	
DEBT ON ROLL ASSESSMENT		3,199,449	
DEBT DIRECT BILL ASSESSMENT - LENNAR		0	
 OTHER INCOME / CARRYOVER BALANCE				17,000	
Total Revenues		$	3,756,334	

EXPENDITURES			
PAYROLL TAX EXPENSE		880	
SUPERVISOR FEES		11,000	
ENGINEERING		50,000	
MANAGEMENT		42,084	
LEGAL		19,000	
ASSESSMENT ROLL		5,000	
ANNUAL AUDIT		5,450	
ARBITRAGE REBATE FEE		1,000	
INSURANCE		13,000	
LEGAL ADVERTISING		5,250	
MISCELLANEOUS		3,200	
POSTAGE		1,125	
OFFICE SUPPLIES		2,275	
DUES & SUBSCRIPTIONS		175	
TRUSTEE FEES		22,500	
CONTINUING DISCLOSURE FEE		3,000	
AMORTIZATION SCHEDULES		500	
WEBSITE		2,000	
PROFESSIONAL FEE & PERMITS		1,250	
TREELINE PRESEVE MAINT - EXOTICS		0	
DRI TRAFFIC MONITORING		5,000	
ENVIROMENTAL CONSULTING - PASSARELLA		23,000	
PANTHER MITIGATION MAINT - EXOTICS		80,000	
STREET LIGHTING - UTILITY & MAINT		0	
CAPITAL OUTLAY - SMALL		1,000	
COUNTY APPRAISER & TAX COLLECTOR FEE		10,000	
FLOWWAY MAINT		10,600	
PRESERVE MAINT - (PARCEL C ONLY)		7,000	
LAKE MAINT - (SOMERSET ONLY)		50,000	
LAKE BANK EROSION MAINT - (SOMERSET ONLY)		47,000	
PRESERVE MAINT - (SOMERSET ONLY)		37,000	
INSPECTOR - (SOMERSET ONLY)		25,500	
STORMWATER DRAINS INS & MAINT - (SOMERSET ONLY)		30,000	
LAKE BANK INSPECTION - (SOMERSET ONLY)		7,500	
LAKE BANK INSPECTION - (BRIDGETOWN ONLY)		6,500	
 STORMWATER DRAINS INS - (BRIDGETOWN ONLY)				6,500	
Total Expenditures		$	535,289	
			
EXCESS / (SHORTFALL)		$	3,221,045	

DEBT PAYMENTS (2014)		
(543,245)	
DEBT PAYMENTS (2018)		(2,528,226)	
MISCELLANEOUS DEBT EXPENSE		0	
BALANCE		$	149,573	

DISCOUNTS FOR EARLY PAYMENTS		
(149,573)	
NET EXCESS / (SHORTFALL)		$	-	

DETAILED TOTAL FISCAL YEAR 2025/2026
October 1, 2025 - September 30, 2026

	GENERAL FUND	DEBT - SERIES 2014	DEBT - SERIES 2018		
			A-1 & A-2		B				A-1 & A-2		TOTAL	
REVENUES												
GENERAL FUND ON ROLL ASSESSMENT		539,884	0				0		0		539,884	
GENERAL FUND DIRECT BILL ASSESSMENT - H-2 - last time		0	0				0		0		0	
DEBT ON ROLL ASSESSMENT		0	565,880				0		2,633,569		3,199,449	
DEBT DIRECT BILL ASSESSMENT		0	0				0		0		0	
OTHER INCOME / CARRYOVER BALANCE		17,000	0				0		0		17,000	
Total Revenues		$	556,884		$ 565,880	$		-			$	2,633,569		$	3,756,334	

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		42,084	0				0		0		42,084	
LEGAL		19,000	0				0		0		19,000	
ASSESSMENT ROLL		5,000	0				0		0		5,000	
ANNUAL AUDIT		5,450	0				0		0		5,450	
ARBITRAGE REBATE FEE		1,000	0				0		0		1,000	
INSURANCE		13,000	0				0		0		13,000	
LEGAL ADVERTISING		5,250	0				0		0		5,250	
MISCELLANEOUS		3,200	0				0		0		3,200	
POSTAGE		1,125	0				0		0		1,125	
OFFICE SUPPLIES		2,275	0				0		0		2,275	
DUES & SUBSCRIPTIONS		175	0				0		0		175	
TRUSTEE FEES		22,500	0				0		0		22,500	
CONTINUING DISCLOSURE FEE		3,000	0				0		0		3,000	
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		0	0				0		0		0	
DRI TRAFFIC MONITORING		5,000	0				0		0		5,000	
ENVIROMENTAL CONSULTING - PASSARELLA		23,000	0				0		0		23,000	
PANTHER MITIGATION MAINT - EXOTICS		80,000	0				0		0		80,000	
STREET LIGHTING - UTILITY & MAINT		0	0				0		0		0	
CAPITAL OUTLAY - SMALL		1,000	0				0		0		1,000	
COUNTY APPRAISER & TAX COLLECTOR FEE		10,000	0				0		0		10,000	
FLOWWAY MAINT		10,600	0				0		0		10,600	
PRESERVE MAINT - (PARCEL C ONLY)		7,000	0				0		0		7,000	
LAKE MAINT - (SOMERSET ONLY)		50,000	0				0		0		50,000	
LAKE BANK EROSION MAINT - (SOMERSET ONLY)		47,000	0				0		0		47,000	
PRESERVE MAINT - (SOMERSET ONLY)		37,000	0				0		0		37,000	
INSPECTOR - (SOMERSET ONLY)		25,500	0				0		0		25,500	
STORMWATER DRAINS INS & MAINT - (SOMERSET ONLY)		30,000	0				0		0		30,000	
LAKE BANK INSPECTION - (SOMERSET ONLY)		7,500									7,500	
LAKE BANK INSPECTION - (BRIDGETOWN ONLY)		6,500									6,500	
STORMWATER DRAINS INS - (BRIDGETOWN ONLY)		6,500	0				0		0		6,500	
Total Expenditures	$	535,289	$	-	$	-	$	-	$	535,289	
											
EXCESS / (SHORTFALL)	$	21,595	$ 565,880	$		-		$	2,633,569	$	3,221,045	

DEBT PAYMENTS (2014)		
0	
(543,245)				
0		
0		
(543,245)	
DEBT PAYMENTS (2018)		0	0				0		(2,528,226)		(2,528,226)	
MISCELLANEOUS DEBT EXPENSE		0	0				0		0		0	
BALANCE		$	21,595		$	22,635	$	-	$	105,343		$	149,573	

DISCOUNTS FOR EARLY PAYMENTS		
(21,595)	
(22,635)				
-		
(105,343)		
(149,573)	
NET EXCESS / (SHORTFALL)	$	-	$	-	$	-	$	-	$	-	

		FISCAL YEAR 2023/2024 ACTUAL *		FISCAL YEAR 2024/2025 ANNUAL BUDGET		FISCAL YEAR 2025/2026 ANNUAL BUDGET		

LARGE VARIANCE EXPLANATION	
									
REVENUES									

GENERAL FUND ON ROLL ASSESSMENT		
548,846		
538,773		
539,884			
GENERAL FUND DIRECT BILL ASSESSMENT		0		0		0			
DEBT ON ROLL ASSESSMENT		3,252,397		3,252,284		3,199,449			
DEBT DIRECT BILL ASSESSMENT		0		0		0			
DEBT PREPAYMENTS / MISCELLANEOUS PAYMENTS		0		0		0			
GENERAL FUND INTEREST INCOME/MISC INCOME		0		0		0			

GENERAL FUND OTHER REVENUES/CARRYOVER BALANCE		0		18,000		17,000		Carryover Funds Being Used To Reduce
Assessments	
									
Total Revenues		$  3,801,243		$	3,809,057		$	3,756,334			
EXPENDITURES									
PAYROLL TAX EXPENSE		749		880		880			
SUPERVISOR FEES		9,800		11,000		11,000			
ENGINEERING		7,621		50,000		50,000			
MANAGEMENT		39,720		39,720		42,084		Annual CPI increase in contract	
LEGAL		10,582		22,000		19,000		24/25 Expenditure Through Dec 24 Was $2,856	
ASSESSMENT ROLL		5,000		5,000		5,000			
ANNUAL AUDIT		5,350		5,350		5,450		Estimated Amount For 2024/2025 Audit	
ARBITRAGE REBATE FEE		1,000		2,000		1,000			
INSURANCE		12,371		12,000		13,000		23/24 Expenditure Was $12,466	
LEGAL ADVERTISING		3,132		5,500		5,250			
MISCELLANEOUS		2,772		3,300		3,200			
POSTAGE		624		1,150		1,125			
OFFICE SUPPLIES		800		2,300		2,275			
DUES & SUBSCRIPTIONS		175		175		175			
TRUSTEE FEES		12,739		30,000		22,500			
CONTINUING DISCLOSURE FEE		3,000		4,000		3,000			
AMORTIZATION SCHEDULES		300		500		500			
WEBSITE		2,000		2,000		2,000			
PROFESSIONAL FEE & PERMITS		0		1,250		1,250			
TREELINE PRESEVE MAINT - EXOTICS		6,000		6,000		0		Donating To The City	
DRI TRAFFIC MONITORING		0		10,000		5,000		Expenditure Occurs Every Two Years	
ENVIROMENTAL CONSULTING - PASSARELLA		23,351		22,000		23,000			
PANTHER MITIGATION MAINT - EXOTICS		80,000		80,000		80,000			
STREET LIGHTING - UTILITY & MAINT		79,792		10,000		0			
CAPITAL OUTLAY - SMALL		0		1,000		1,000			
COUNTY APPRAISER & TAX COLLECTOR FEE		10,210		10,000		10,000			
FLOWWAY MAINT		0		4,600		10,600			
MISCELLANEOUS MAINTENANCE		0		0		0			
									
PRESERVE MAINT - (PARCEL C ONLY)		7,000		7,000		7,000		Under $10,000 last 3 years	
									
LAKE MAINT - AQAUTIC CONTROL - (SOMERSET ONLY)		47,450		46,100		50,000			
LAKE BANK EROSION MAINT - (SOMERSET ONLY)		55,444		45,000		47,000			
PRESERVE MAINT - (SOMERSET ONLY)		46,250		35,000		37,000			
FIELD INSPECTOR - (SOMERSET ONLY)		23,759		25,500		25,500			
STORMWATER DRAINS INS & MAINT - (SOMERSET ONLY)		0		20,000		30,000			
LAKE BANK INSPECTION - (SOMERSET ONLY)		5,402		6,500		7,500			
									
LAKE BANK INSPECTION - (BRIDGETOWN ONLY)		6,359		6,500		6,500			
STORMWATER DRAINS INS - (BRIDGETOWN ONLY)		0		2,500		6,500			
									
Total Expenditures		508,752		535,825		535,289			
									
EXCESS / (SHORTFALL)		$ 3,292,491		$	3,273,232		$	3,221,045			
									
DEBT PAYMENTS (2014)		(593,764)		(593,966)		(543,245)			
DEBT PAYMENTS (2018)		(2,527,497)		(2,528,226)		(2,528,226)			
MISCELLANEOUS DEBT EXPENSE		0		-		-			
									
BALANCE		$	171,230		$	151,040		$	149,573			

DISCOUNTS FOR EARLY PAYMENTS		(141,142)		(151,642)		(149,573)		Higher assessments on roll results in higher
discount potential	
									
NET EXCESS / (SHORTFALL)		$	30,088		$	(602)		$	-			

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

	FISCAL YEAR		FISCAL YEAR	
	2024/2025		2025/2026	
	ANNUAL BUDGET		ANNUAL BUDGET	
REVENUES					
ON ROLL ASSESSMENTS		527,357		539,884	
DIRECT BILL ASSESSMENTS - WCI		0		0	
INTEREST INCOME		0		0	
OTHER INCOME / CARRYOVER BALANCE		15,000		17,000	
 Total Revenues			 $	542,357 		 $	556,884 	
EXPENDITURES					
PAYROLL TAX EXPENSE		880		880	
SUPERVISOR FEES		11,000		11,000	
ENGINEERING		50,000		50,000	
MANAGEMENT		40,908		42,084	
LEGAL		20,000		19,000	
ASSESSMENT ROLL		5,000		5,000	
ANNUAL AUDIT		5,350		5,450	
ARBITRAGE REBATE FEE		1,000		1,000	
INSURANCE		13,000		13,000	
LEGAL ADVERTISING		5,250		5,250	
MISCELLANEOUS		3,300		3,200	
POSTAGE		1,150		1,125	
OFFICE SUPPLIES		2,300		2,275	
DUES & SUBSCRIPTIONS		175		175	
TRUSTEE FEES		27,500		22,500	
CONTINUING DISCLOSURE FEE		3,000		3,000	
AMORTIZATION SCHEDULES		500		500	
WEBSITE		2,000		2,000	
PROFESSIONAL FEE & PERMITS		1,250		1,250	
TREELINE PRESEVE MAINT - EXOTICS		6,000		0	
DRI TRAFFIC MONITORING		5,000		5,000	
ENVIROMENTAL CONSULTING - PASSARELLA		22,000		23,000	
PANTHER MITIGATION MAINT - EXOTICS		80,000		80,000	
STREET LIGHTING - UTILITY & MAINT		0		0	
CAPITAL OUTLAY - SMALL		1,000		1,000	
COUNTY APPRAISER & TAX COLLECTOR FEE		10,000		10,000	
FLOWWAY MAINT		4,600		10,600	
PRESERVE MAINT - (PARCEL C ONLY)		7,000		7,000	
LAKE MAINT - AQAUTIC CONTROL - (SOMERSET ONLY)		46,100		50,000	
LAKE BANK EROSION MAINT - (SOMERSET ONLY)		45,000		47,000	
PRESERVE MAINT - (SOMERSET ONLY)		35,000		37,000	
FIELD INSPECTOR - (SOMERSET ONLY)		25,500		25,500	
STORMWATER DRAINS INS & MAINT - (SOMERSET ONLY)		20,000		30,000	
LAKE BANK INSPECTION - (SOMERSET ONLY)		7,500		7,500	
LAKE BANK INSPECTION - (BRIDGETOWN ONLY)		6,500		6,500	
STORMWATER DRAINS INS - (BRIDGETOWN ONLY)		6,500		6,500	
 Total Expenditures			 $	521,263 		 $	535,289 	
 EXCESS / (SHORTFALL)			 $	21,094 		 $	21,595 	
DISCOUNTS FOR EARLY PAYMENTS		(21,094)		(21,595)	
 NET EXCESS / (SHORTFALL)			 $	-			 $	-		
Approximate Fund Balance as of 9-30-2024 = 420,000.00					

	2014A-1			2014A-2	
FISCAL YEAR	FISCAL YEAR
2025/20265	2025/20265
ANNUAL BUDGET	 ANNUAL BUDGET 

REVENUES	 REVENUES	

Net On Roll Assessments	492,885	Net On Roll Assessments	50,360
Direct Bill Assessments	0	 Direct Bill Assessments			0

Total Revenues

$	492,885

 Total Revenues	

 $	50,360

EXPENDITURES	 EXPENDITURES	

Principal Payments	240,000	Principal Payments	20,000
Interest Payments	252,885	 Interest Payments			30,360 Miscellaneous		0	 Miscellaneous				0

Total Expenditures

$	492,885

Total Expenditures

$	50,360

		

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 1/1/25 =	$4,005,000	Par Amount As Of 1/1/25 =	$470,000

	2014 B	
FISCAL YEAR 2025/20265 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 2025/2026
October 1, 2025 - September 30, 2026

2018 A-1 & A-2

FISCAL YEAR

Series 2018 A-1 Bond Information

2025/2026	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	2,528,226	Annual Interest Payments Due =	May 1st & November 1st	
		Par Amount As Of 1-1-25 =	$17,570,000	
 Total Revenues			 $	2,528,226		 	
Series 2018 A-2 Bond Information	
 EXPENDITURES						
Principal Payments A-1		1,250,000		Original Par Amount =	$8,740,000	
Interest Payments A-1		552,846		Average Interest Rate =	4.65%	
Principal Payments A-2		400,000		Maturity Date =	May 2036	
Interest Payments A-2		269,543		Annual Principal Payments Due =	May 1st	
 Miscellaneous / Prepayment				55,837		Annual Interest Payments Due =	May 1st & November 1st	
 Total Expenditures			 $	2,528,226		Par Amount As Of 1-1-25 =	$6,060,000	

 Excess / (Shortfall)		 $	- 

9

Assessment Recap - Parcel A Marina Bay & Botanica Lakes
Fiscal Year 2025/2026 October 1, 2025 - September 30, 2026

 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	
Marina Bay & Botanica Lakes	Villa l/ Townhome	240	13,541.21	71,280.00	84,821.21		$	353.42	
Marina Bay & Botanica Lakes	40' SF	365	20,593.92	136,145.00	156,738.92		$	429.42	
Marina Bay & Botanica Lakes	40' SF - PO	2	112.84	0.00	112.84		$	56.42	
Marina Bay & Botanica Lakes	45' SF	269	15,177.44	104,910.00	120,087.44		$	446.42	
Marina Bay & Botanica Lakes	45' SF l/ Villa *	6	338.53	2,340.00	2,678.53		$	446.42	
Marina Bay & Botanica Lakes	45' SF - PO	1	56.42	0.00	56.42		$	56.42	
Marina Bay & Botanica Lakes	52' SF	564	31,821.84	232,932.00	264,753.84		$	469.42	
Marina Bay & Botanica Lakes	52' SF - PO	1	56.42	0.00	56.42		$	56.42	
Marina Bay & Botanica Lakes	62' SF	33	1,861.92	14,949.00	16,810.92		$	509.42	
Total		1,481	83,560.53	562,556.00	646,116.53			

MARINA BAY								

PARCEL	PRODUCT
TYPE	UNITS	O&M GROSS	DEBT GROSS	TOTAL GROSS	
 Marina Bay & Botanica Lakes	 Villa l/ Townhome	240	13,541.21	71,280.00	84,821.21	
 Marina Bay & Botanica Lakes	 40' SF	0	0.00	0.00	0.00	
 Marina Bay & Botanica Lakes	 40' SF - PO	0	0.00	0.00	0.00	
 Marina Bay & Botanica Lakes	 45' SF	269	15,177.44	104,910.00	120,087.44	
 Marina Bay & Botanica Lakes	 45' SF l/ Villa *	6	338.53	2,340.00	2,678.53	
 Marina Bay & Botanica Lakes	 45' SF - PO	1	56.42	0.00	56.42	
 Marina Bay & Botanica Lakes	 52' SF	247	13,936.16	102,011.00	115,947.16	
 Marina Bay & Botanica Lakes	 52' SF - PO	0	0.00	0.00	0.00	
Marina Bay & Botanica Lakes	62' SF	33	1,861.92	14,949.00	16,810.92	
Total	796	44,911.67	295,490.00	340,401.67	
BOTANICA LAKES
PARCEL	PRODUCT
TYPE	UNITS	O&M GROSS	DEBT GROSS	TOTAL GROSS	
 Marina Bay & Botanica Lakes	 Villa l/ Townhome	0	0.00	0.00	0.00	
 Marina Bay & Botanica Lakes	 40' SF	365	20,593.92	136,145.00	156,738.92	
 Marina Bay & Botanica Lakes	 40' SF - PO	2	112.84	0.00	112.84	
 Marina Bay & Botanica Lakes	 45' SF	0	0.00	0.00	0.00	
 Marina Bay & Botanica Lakes	 45' SF - PO	0	0.00	0.00	0.00	
 Marina Bay & Botanica Lakes	 52' SF	317	17,885.68	130,921.00	148,806.68	
 Marina Bay & Botanica Lakes	 52' SF - PO	1	56.42	0.00	56.42	
Marina Bay & Botanica Lakes	62' SF	0	0.00	0.00	0.00	
Total	685	38,648.86	267,066.00	305,714.86	

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 2025/2026 October 1, 2025 - September 30, 2026

 PARCELS B & D/E - BRIDGETOWN & SOMERSET	

BRIDGETOWN		
	PRODUCT	UNITS	O&M GROSS	DEBT GROSS	TOTAL GROSS		GROSS	
PARCEL	TYPE				ASSESSMENT		PER UNIT TOTAL	
Bridgetown	MF - (2)	66	6,254.57	84,216.00	90,470.57		$	1,370.77	
Bridgetown	MF - (3)	36	3,411.58	36,180.00	39,591.58		$	1,099.77	
Bridgetown	SF 42' - (1)	185	17,531.75	90,280.00	107,811.75		$	582.77	
Bridgetown	SF 42' - (3)	39	3,695.88	39,195.00	42,890.88		$	1,099.77	
Bridgetown	SF 42' - (5)	1	94.77	0.00	94.77		$	94.77	
Bridgetown	SF 55' - (1)	230	21,796.23	150,420.00	172,216.23		$	748.77	
Bridgetown	SF 55' - (2)	0	0.00	0.00	0.00		$	-	
Bridgetown	SF 55' - (3)	71	6,728.40	71,284.00	78,012.40		$	1,098.77	
Bridgetown	SF 55' - (5)	2	189.53	0.00	189.53		$	94.77	
Bridgetown	SF 67' - (1)	130	12,319.61	103,480.00	115,799.61		$	890.77	
Bridgetown	SF 67' - (2)	38	3,601.12	48,488.00	52,089.12		$	1,370.77	
Bridgetown	SF 67' - (3)	90	8,528.96	90,360.00	98,888.96		$	1,098.77	
Bridgetown	SF 67' - (4)	33	3,127.29	47,784.00	50,911.29		$	1,542.77	
Bridgetown	SF 75' - (1)	0	0.00	0.00	0.00		$	-	
Bridgetown	SF 75' - (2)	34	3,222.05	49,164.00	52,386.05		$	1,540.77	
Bridgetown	SF 75' - (3)	3	284.30	3,522.00	3,806.30		$	1,268.77	
Bridgetown	SF 75' - (4)	27	2,558.69	41,364.00	43,922.69		$	1,626.77	
Total		985	93,345	855,737	949,082			

SOMERSET					
	PRODUCT	UNITS	O&M GROSS	DEBT GROSS	TOTAL GROSS		GROSS	
PARCEL	TYPE				ASSESSMENT		PER UNIT TOTAL	
Somerset	MF - (1)	43	10,785.38	21,414.00	32,199.38		$	748.82	
Somerset	MF - (2)	123	30,851.20	156,948.00	187,799.20		$	1,526.82	
Somerset	MF - (3)	27	6,772.21	27,135.00	33,907.21		$	1,255.82	
Somerset	MF - (4)	27	6,772.21	39,096.00	45,868.21		$	1,698.82	
Somerset	SF 55' - (1)	78	19,564.18	51,012.00	70,576.18		$	904.82	
Somerset	SF 55' - (2)	126	31,603.67	160,776.00	192,379.67		$	1,526.82	
Somerset	SF 55' - (3)	46	11,537.85	46,184.00	57,721.85		$	1,254.82	
Somerset	SF 67' - (1)	96	24,078.99	76,416.00	100,494.99		$	1,046.82	
Somerset	SF 67' - (2)	101	25,333.10	128,876.00	154,209.10		$	1,526.82	
Somerset	SF 67' - (3)	53	13,293.61	53,212.00	66,505.61		$	1,254.82	
Somerset	SF 67' - (4)	30	7,524.68	43,440.00	50,964.68		$	1,698.82	
Somerset	SF 67' - (5)	3	752.47	0.00	752.47		$	250.82	
Somerset	SF 75' - (1)	57	14,296.90	50,673.00	64,969.90		$	1,139.82	
Somerset	SF 75' - (2)	77	19,313.35	111,342.00	130,655.35		$	1,696.82	
Somerset	SF 75' - (3)	27	6,772.21	31,698.00	38,470.21		$	1,424.82	
Somerset	SF 75' - (4)	39	9,782.09	59,748.00	69,530.09		$	1,782.82	
Somerset	SF 75' - (5)	1	250.82	0.00	250.82		$	250.82	
Total		954	239,285	1,057,970	1,297,255			

(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 2025/2026 October 1, 2025 - September 30, 2026

 LENNAR PARCEL	

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

PARCEL	PRODUCT
TYPE	ON ROLL
UNITS	O&M GROSS
ON ROLL	SERIES 2014 GROSS ON ROLL
A-1 & A-2 (Combined)	
Lennar	6 - plex	120	8,465.79	79,394.70	
Lennar	4 - plex	164	11,569.92	108,506.09	
Lennar	46' SF	62	4,373.99	50,983.36	
Lennar	52' SF	219	15,450.07	190,436.93	
Lennar	67' SF	129	9,100.73	136,559.13	
Total		694	48,961	565,880	

	
732.17
732.17
892.86
940.13
1,129.15

$
$
$
$
$

ON ROLL GROSS PER UNIT TOTAL

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)	
Lennar	6 - plex	0	0.00	0.00	
Lennar	4 - plex	0	0.00	0.00	
Lennar	46' SF	0	0.00	0.00	
Lennar	52' SF	0	0.00	0.00	
Lennar	67' SF	0	0.00	0.00	
Total		0	0	0	

Arborwood Community Development District Assessment Recap - Other Parcels
Fiscal Year 2025/2026 October 1, 2025 - September 30, 2026

 OTHER PARCELS	

PARCEL	PRODUCT
TYPE	TOTAL
UNITS / ACRES	ON ROLL
UNITS	DIRECT BILL
UNITS	
Somerset	Golf Course	116	116	0	
Treeline Apts	Neighborhood Retail	21	21	0	
Treeline Apts	Retaill/ Commercial	11	11	0	
Fire Station	RE Office	2	0	2	
Total		151	148	2	
OTHER ON ROLL

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

Somerset	
Golf Course	
116	
68,465.71	
123,556.00	
192,021.71	
Treeline Apts	Neighborhood Retail	21	3,921.05	21,850.00	25,771.05	
Treeline Apts	Retaill/ Commercial	11	2,346.94	11,900.00	14,246.94	
Fire Station	RE Office	0	0.00	0.00	0.00	
Total		148	74,734	157,306	232,040	

	
192,021.71
25,771.05
14,246.94
-

$
$
$
$

ON ROLL GROSS
TOTAL

*	remove in 24 - debt pre paid and land sold to fire station

ANNUAL ASSESSMENT METHODOLOGY - GENERAL FUND O&M FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

$  301,289.00

Total Shared O&M Expenditures

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 = El/96%	
H	I = Fl/H	
: = Il/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	Marina Bay & Botanica Lakes	560.38	207.90	352.48	26.62%	$	80,218	$	83,561	1,481 $	54.16	$	56.42	
2	Bridgetown	669.06	332.43	336.63	25.43%	$	76,611	$	79,803	985 $	77.78	$	81.02	
2	Somerset	817.73	481.41	336.32	25.40%	$	76,540	$	79,730	954 $	80.23	$	83.57	
2	Lennar	259.16	83.39	175.77	13.28%	$	40,002	$	41,669	694 $	57.64	$	60.04	
Total Residential Land Uses	2,306.33	1,105.13	1,201.20	90.73%	$	273,372	$	284,762	4,114		
2	Golf Course (part of Tract 2 )	116.23	20.00	96.23	7.27%	$	21,900	22,812.73		
3	Neighborhood Retail- Treeline Apts	21.06	4.52	16.54	1.25%	$	3,764	3,921.05		
4	Retaill/ Commercial - Treeline
Apts	11.19	1.29	9.90	0.75%	$	2,253	2,346.94		
5	RE Off-H-2l/ Fire Station	-	-	-	0.00%	$	-	-	remove in 24 - debt pre paid and land sold to fire station	
Total Non-Residential Land Uses	148.48	25.81	122.67	9.27%	$	27,917	$	29,081		
Grand Total (Gross)	2,454.81	1,130.94	1,323.87	100.00%	$	301,289	$	313,843		

$  197,000.00

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	Somerset	817.73	481.41	336.32	77.75%	$	153,173	$	159,555	954	$	160.56	$	167.25	
2	Golf Course (part of Tract 2)	116.23	20.00	96.23	22.25%	$	43,827	$	45,653		
Totals	
933.96	
501.41	
432.55	
100.00%	
$	197,000	
$	205,208		

$	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	Lennar	259.16	83.39	175.77	100.00%	$	7,000	$	7,292	694	$	10.09	$	10.51	

$	13,000.00

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	Bridgetown	669.06	332.43	336.63	100.00%	$	13,000	$	13,542	985	$	13.20	$	13.75	

Net 2014 A1 & A2 Principal & Interest
Payment Due:	Net Total MADs	% Difference	
$	543,245.00	$	598,173.89	90.817%	

*

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	
LENNAR - 6 - Plex	120	120	$	661.62	$	79,394.70	$	-	
LENNAR - 4 - Plex	164	164	$	661.62	$  108,506.09	$	-	
LENNAR - 46' Single Family	62	62	$	822.31	$	50,983.36	$	-	
LENNAR - 52' Single Family	219	219	$	869.58	$  190,436.93	$	-	
LENNAR - 67' Single Family	129	129	$	1,058.60	$  136,559.13	$	-	
						
Grand Total	694	694		$  565,880.21	$	-	

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.

$2,633,569

Gross MADs when all platted

GRAND TOTAL	2,633,569	0	2,633,569

Parcel - Product Type	

Planned Units	

Platted Units
ON Roll	

Gross Annual
M.A.D	Total Assessments
Platted	

OFF Roll Net	
						
Marina Bay & Botanica Lakes - Villa / Townhome	240	240	297	71,280	0	
Marina Bay & Botanica Lakes - Single Family 40'	365	365	373	136,145	0	
Marina Bay & Botanica Lakes - Single Family 40' - PO	2	2	0	0	0	
Marina Bay & Botanica Lakes - Single Family 45'	269	269	390	104,910	0	
Marina Bay & Botanica Lakes - Single Family 45' / Villa *	6	6	390	2,340	0	
Marina Bay & Botanica Lakes - Single Family 45' -PO	1	1	0	0	0	
Marina Bay & Botanica Lakes - Single Family 52'	564	564	413	232,932	0	
Marina Bay & Botanica Lakes - Single Family 52' - PO	1	1	0	0	0	
Marina Bay & Botanica Lakes - Single Family 62'	33	33	453	14,949	0	

Subtotal Marina Bay & Botanica Lakes Parcels	
1,481	
1,481		
562,556	
0	
						
Bridgetown - Multi Family and Twin Villas - (2)	66	66	1,276	84,216	0	
Bridgetown - Multi Family and Twin Villas - (3)	36	36	1,005	36,180	0	
Bridgetown - Single Family 42' - (1)	185	185	488	90,280	0	
Bridgetown - Single Family 42' - (3)	39	39	1,005	39,195	0	
Bridgetown - Single Family 42' - (5)	1	1	0	0	0	
Bridgetown - Single Family 55' - (1)	230	230	654	150,420	0	
Bridgetown - Single Family 55' - (2)	0	0	1,276	0	0	
Bridgetown - Single Family 55' - (3)	71	71	1,004	71,284	0	
Bridgetown - Single Family 55' - (5)	2	2	0	0	0	
Bridgetown - Single Family 67' - (1)	130	130	796	103,480	0	
Bridgetown - Single Family 67' - (2)	38	38	1,276	48,488	0	
Bridgetown - Single Family 67' - (3)	90	90	1,004	90,360	0	
Bridgetown - Single Family 67' - (4)	33	33	1,448	47,784	0	
Bridgetown - Single Family 75' - (1)	0	0	889	0	0	
Bridgetown - Single Family 75' - (2)	34	34	1,446	49,164	0	
Bridgetown - Single Family 75' - (3)	3	3	1,174	3,522	0	
Bridgetown - Single Family 75' - (4)	27	27	1,532	41,364	0	

Subtotal Bridgetown Parcels	
985	
985		
855,737	
0	
						
Somerset - Multi Family and Twin Villas - (1)	43	43	498	21,414	0	
Somerset - Multi Family and Twin Villas - (2)	123	123	1,276	156,948	0	
Somerset - Multi Family and Twin Villas - (3)	27	27	1,005	27,135	0	
Somerset - Multi Family and Twin Villas - (4)	27	27	1,448	39,096	0	
Somerset - Single Family 55' - (1)	78	78	654	51,012	0	
Somerset - Single Family 55' - (2)	126	126	1,276	160,776	0	
Somerset - Single Family 55' - (3)	46	46	1,004	46,184	0	
Somerset - Single Family 67' - (1)	96	96	796	76,416	0	
Somerset - Single Family 67' - (2)	101	101	1,276	128,876	0	
Somerset - Single Family 67' - (3)	53	53	1,004	53,212	0	
Somerset - Single Family 67' - (4)	30	30	1,448	43,440	0	
Somerset - Single Family 67' - (5)	3	3	0	0	0	
Somerset - Single Family 75' - (1)	57	57	889	50,673	0	
Somerset - Single Family 75' - (2)	77	77	1,446	111,342	0	
Somerset - Single Family 75' - (3)	27	27	1,174	31,698	0	
Somerset - Single Family 75' - (4)	39	39	1,532	59,748	0	
Somerset - Single Family 75' - (5)	1	1	0	0	0	

Subtotal Somerset Parcels	
954	
954		
1,057,970	
0	

Total Residential Units Parcels	
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	
0	

Other Land Uses					
GOLF COURSE	1	1	123,556	123,556	
Treeline Apartments (Neighborhood Retail)	1	1	21,850	21,850	
Treeline Apartments (Retail / Commercial)	1	1	11,900	11,900	
Fire Station (No Longer Assessed)	1	1	0	0	
Other Land UseTotal				157,306	

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 ar allocated assessments based on the lot.

Arborwood Community Development District On Roll Assessment Comparsion
Fiscal Year 2025/2026 October 1, 2025 - September 30, 2026

	Product	Gross
Fiscal Year 2024/2025	Gross
Fiscal Year 2025/2026	
Parcel	Type	On Roll Assessment Per Unit	On Roll Assessment Per Unit	

GL Homes				
Marina Bay & Botanica Lakes  Villa / Townhome	$354.52	$353.42	
Marina Bay & Botanica Lakes  40' SF	$430.52	$429.42	
Marina Bay & Botanica Lakes  40' SF - PO	$57.52	$56.42	
Marina Bay & Botanica Lakes  45' SF	$447.52	$446.42	
Marina Bay & Botanica Lakes  45' SF / Villa *	$447.52	$446.42	
Marina Bay & Botanica Lakes  45' SF - PO	$57.52	$56.42	
Marina Bay & Botanica Lakes  52' SF	$470.52	$469.42	
Marina Bay & Botanica Lakes  52' SF - PO	$57.52	$56.42	
arina Bay & Botanica Lak 62' SF	$510.52	$509.42	
* 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.	
Pulte					
	Bridgetown	MF - (2)	$1,372.35	$1,370.77	
	Bridgetown	MF - (3)	$1,101.35	$1,099.77	
	Bridgetown	SF 42' - (1)	$584.35	$582.77	
	Bridgetown	SF 42' - (3)	$1,101.35	$1,099.77	
	Bridgetown	SF 42' - (5)	$96.35	$94.77	
	Bridgetown	SF 55' - (1)	$750.35	$748.77	
	Bridgetown	SF 55' - (2)	$0.00	$0.00	
	Bridgetown	SF 55' - (3)	$1,100.35	$1,098.77	
	Bridgetown	SF 55' - (5)	$96.35	$94.77	
	Bridgetown	SF 67' - (1)	$892.35	$890.77	
	Bridgetown	SF 67' - (2)	$1,372.35	$1,370.77	
	Bridgetown	SF 67' - (3)	$1,100.35	$1,098.77	
	Bridgetown	SF 67' - (4)	$1,544.35	$1,542.77	
	Bridgetown	SF 75' - (1)	$0.00	$0.00	
	Bridgetown	SF 75' - (2)	$1,542.35	$1,540.77	
	Bridgetown	SF 75' - (3)	$1,270.35	$1,268.77	
	Bridgetown	SF 75' - (4)	$1,628.35	$1,626.77	
	Somerset	MF - (1)	$735.26	$748.82	
	Somerset	MF - (2)	$1,513.26	$1,526.82	
	Somerset	MF - (3)	$1,242.26	$1,255.82	
	Somerset	MF - (4)	$1,685.26	$1,698.82	
	Somerset	SF 55' - (1)	$891.26	$904.82	
	Somerset	SF 55' - (2)	$1,513.26	$1,526.82	
	Somerset	SF 55' - (3)	$1,241.26	$1,254.82	
	Somerset	SF 67' - (1)	$1,033.26	$1,046.82	
	Somerset	SF 67' - (2)	$1,513.26	$1,526.82	
	Somerset	SF 67' - (3)	$1,241.26	$1,254.82	
	Somerset	SF 67' - (4)	$1,685.26	$1,698.82	
	Somerset	SF 67' - (5)	$237.26	$250.82	
	Somerset	SF 75' - (1)	$1,126.26	$1,139.82	
	Somerset	SF 75' - (2)	$1,683.26	$1,696.82	
	Somerset	SF 75' - (3)	$1,411.26	$1,424.82	
	Somerset	SF 75' - (4)	$1,769.26	$1,782.82	
	Somerset	SF 75' - (5)	$237.26	$250.82	

Lennar

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

Lennar Lennar Lennar
Lennar
Lennar

6 - Plex
4 - Plex
46' SF
52' SF
67' SF

$795.19
$795.19
$970.90
$1,022.58
$1,229.27

$732.17
$732.17
$892.86
$940.13
$1,129.15

Others
Somerset	Golf Course	$188,318.31	$192,021.71	
Treeline Apartments	Neighborhood Retail	$25,847.79	$25,771.05	
Treeline Apartments	Retail/ Commercial	$14,292.70	$14,246.94	
Fire Station	RE Office	$0.00	$0.00	

RESOLUTION 2025-06
[FY 2025/2026 ASSESSMENT RESOLUTION]

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT PROVIDING FOR FUNDING FOR THE FY 2025/2026 ADOPTED BUDGET(S); 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, 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, for the fiscal year beginning October 1, 2025, and ending September 30, 2026 (“FY 2025/2026”), the Board of Supervisors (“Board”) of the District has determined to undertake various operations and maintenance and other activities described in the District’s budget (“Adopted Budget”), attached hereto as Exhibit A; and

WHEREAS, pursuant to Chapter 190, Florida Statutes, the District may fund the Adopted Budget through the levy and imposition of special assessments on benefitted lands within the District and, regardless of the imposition method utilized by the District, under Florida law the District may collect such assessments by direct bill, tax roll, or in accordance with other collection measures provided by law; and

WHEREAS, in order to fund the District’s Adopted Budget, the District’s Board now desires to adopt this Resolution setting forth the means by which the District intends to fund its Adopted Budget.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT:
FUNDING. The District’s Board hereby authorizes the funding mechanisms for the Adopted Budget as provided further herein and as indicated in the Adopted Budget attached hereto as Exhibit A and the assessment roll attached hereto as Exhibit B (“Assessment Roll”).

OPERATIONS AND MAINTENANCE ASSESSMENTS.
Benefit 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 Exhibit A and Exhibit B and is hereby found to be fair and reasonable.

O&M Assessment Imposition. Pursuant to Chapter 190, Florida Statutes, a special assessment for operations and maintenance (“O&M Assessment(s)”) is hereby levied and imposed on benefitted lands within the District and in accordance with Exhibit A and Exhibit B. The lien of the O&M Assessments imposed and levied by this Resolution shall be effective upon passage of this Resolution.
Maximum Rate. 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.

DEBT SERVICE SPECIAL ASSESSMENTS. The District’s Board hereby certifies for collection the FY 2025/2026 installment of the District’s previously levied debt service special assessments (“Debt Assessments,” and together with the O&M Assessments, the “Assessments”) in accordance with this Resolution and as further set forth in Exhibit A and Exhibit B, and hereby directs District staff to affect the collection of the same.
COLLECTION AND ENFORCEMENT; PENALTIES; INTEREST.  Pursuant to Chapter 190,
Florida Statutes, the District is authorized to collect and enforce the Assessments as set forth below.

Tax Roll Assessments. To the extent indicated in Exhibit A and Exhibit B, those certain O&M Assessments (if any) and/or Debt Assessments (if any) imposed on the “Tax Roll Property” identified in Exhibit B shall be collected by the County Tax Collector at the same time and in the same manner as County property taxes in accordance with Chapter 197, Florida Statutes (“Uniform Method”). 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 property taxes. The District’s Board finds and determines that such collection method is an efficient method of collection for the Tax Roll Property.
Direct Bill Assessments. To the extent indicated in Exhibit A and Exhibit B, those certain O&M Assessments (if any) and/or Debt Assessments (if any) imposed on “Direct Collect Property” identified in Exhibit B shall be collected directly by the District in accordance with Florida law, as set forth in Exhibit A and Exhibit B. The District’s Board finds and determines that such collection method is an efficient method of collection for the Direct Collect Property.

Due Date (O&M Assessments). O&M Assessments directly collected by the District shall be due and payable in full on December 1, 2025; provided, however, that, to the extent permitted by law, the O&M Assessments due may be paid in several partial, deferred payments and according to the following schedule: 50% due no later than April 15, 2026 and 50% due no later than September 30, 2026.
Due Date (Debt Assessments). Debt Assessments directly collected by the District shall be due and payable in full on December 1, 2025; provided,

however, that, to the extent permitted by law, the Debt Assessments due may be paid in several partial, deferred payments and according to the following schedule: 50% due no later than April 15, 2026 and 50% due
no later than September 30, 2026.

In the event that an Assessment payment is not made in accordance with the schedule(s) stated above, the whole of such Assessment, including any remaining partial, deferred payments for the Fiscal Year: 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 District’s decision to collect 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.

ASSESSMENT ROLL; AMENDMENTS. The Assessment Roll, attached hereto as Exhibit B, is hereby certified for collection. The Assessment Roll shall be collected pursuant to the collection methods provided above. The proceeds therefrom shall be paid to the District. 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.
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.

EFFECTIVE DATE. This Resolution shall take effect upon the passage and adoption of this Resolution by the Board.
[CONTINUED ON NEXT PAGE]

PASSED AND ADOPTED this 12th day of August, 2025.

ATTEST:	ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT

Secretary / Assistant Secretary

By:	 Its:	

Exhibit A:	Budget
Exhibit B:	Assessment Roll

	Oct 24 - July 25		24/25 Budget		$ Over Budget		% of Budget	
Revenue								
O & M Assessments	527,418.74		527,357.00		61.74		100.01%	
Debt Assessments (2018)	2,632,811.80		2,632,565.00		246.80		100.01%	
Debt Assessments (2014A-1)	509,037.15		509,027.00		10.15		100.0%	
Debt Assessments (2014A-2)	108,808.85		108,799.00		9.85		100.01%	
Debt Assess-Pd To Trustee-2018	-2,526,742.60		-2,527,262.00		519.40		99.98%	
Debt Asses-Pd To Trustee-2014A1	-488,535.79		-489,445.00		909.21		99.81%	
Assessment Fees	-11,715.00		-10,000.00		-1,715.00		117.15%	
Assessment Discounts	-140,486.85		-150,198.00		9,711.15		93.53%	
Debt Asses-Pd To Trustee-2014A2	-104,425.65		-104,580.00		154.35		99.85%	
Miscellaneous Income	0.00		15,000.00		-15,000.00		0.0%	
Total Income	506,170.65		511,263.00		-5,092.35		99.0%	
Expense								
Payroll Tax Expense	596.70		880.00		-283.30		67.81%	
Supervisor Fees	7,800.00		11,000.00		-3,200.00		70.91%	
Engineering	22,266.74		50,000.00		-27,733.26		44.53%	
Management Fees	34,090.00		40,908.00		-6,818.00		83.33%	
Website Management	1,666.60		2,000.00		-333.40		83.33%	
Legal Fees	6,419.38		20,000.00		-13,580.62		32.1%	
Assessment/Tax Roll	0.00		5,000.00		-5,000.00		0.0%	
Audit Fees	0.00		5,350.00		-5,350.00		0.0%	
Arbitrage Rebate Fee	1,000.00		1,000.00		0.00		100.0%	
Amortization Schedule Fee	300.00		500.00		-200.00		60.0%	
Insurance	6,994.00		13,000.00		-6,006.00		53.8%	
Legal Advertisements	1,807.40		5,250.00		-3,442.60		34.43%	
Miscellaneous	2,391.19		3,300.00		-908.81		72.46%	
Postage and Delivery	288.36		1,150.00		-861.64		25.08%	

Office Supplies	622.85		2,300.00		-1,677.15		27.08%	
Dues, License & Subscriptions	175.00		175.00		0.00		100.0%	
Trustee Fees	12,738.75		27,500.00		-14,761.25		46.32%	
Continuing Disclosure Fee	3,000.00		3,000.00		0.00		100.0%	
Professional Fee & Permits	0.00		1,250.00		-1,250.00		0.0%	
Treeline Preserve Maint-Exotics	6,000.00		6,000.00		0.00		100.0%	
DRI / Traffic Monitoring	0.00		5,000.00		-5,000.00		0.0%	
Environmentl Consulting-Passarella	9,291.25		22,000.00		-12,708.75		42.23%	
Panther Mitigation Mnt-Exotics	80,000.00		80,000.00		0.00		100.0%	
Field Inspector - Somerset Only	18,856.00		25,500.00		-6,644.00		73.95%	
Lake Maintenance-Somerset Only	41,043.50		46,100.00		-5,056.50		89.03%	
Preserve Maint - Somerset Only	35,000.00		35,000.00		0.00		100.0%	
Flowway Maintenance	0.00		4,600.00		-4,600.00		0.0%	
Preserve Maint (Parcel C Only)	7,000.00		7,000.00		0.00		100.0%	
Lake Bank Erosion Mte(Somerset)	50,475.00		45,000.00		5,475.00		112.17%	
Strmwtr Drains Ins/MTE-Somerset	12,450.00		20,000.00		-7,550.00		62.25%	
Strmwtr Drains Ins (Bridgetown)	6,050.00		6,500.00		-450.00		93.08%	
Lake Bank Inspection-Somerset	7,200.00		7,500.00		-300.00		96.0%	
Lake Bank Inspection-Bridgetown	6,950.95		6,500.00		450.95		106.94%	
Capital Outlay - Small	0.00		1,000.00		-1,000.00		0.0%	
Total Expenditures	382,473.67		511,263.00		-128,789.33		74.81%	
Net Revenue	123,696.98		0.00		123,696.98		100.0%	

Bridgetown Balance As Of 10/31/24	$	12,640.62	
Somerset Balance As Of 10/31/24	$	27,275.68	

Bridgetown Activity: 10/31/24 - 7/31/25	$	(0.95)	
Somerset Activity: 10/31/24 - 7/31/25	$	14,075.50	
		
Bridgetown Balance As Of 7/31/25	$	12,639.67	
Somerset Balance As Of 7/31/25	$	41,351.18	

Bank Balance As Of 7/31/25	$	587,085.02	
Accounts Payable As Of 7/31/25	$	4,065.97	
Other Assets As Of 7/31/25	$	-	
Total Fund Balance As Of 7/31/25	$	583,019.05	

Series 2014A-1 Bond Balance As Of 7/31/25	$	3,785,000.00	
Series 2014A-2 Bond Balance As Of 7/31/25	$	420,000.00	
Series 2018A-1 Bond Balance As Of 7/31/25	$	16,360,000.00	
Series 2018A-2 Bond Balance As Of 7/31/25	$	5,670,000.00	
Total Bond Balance As Of 7/31/25	$	26,235,000.00