Lakewood Ranch Stewardship District

12051 Corporate Blvd, Orlando, Florida 32817 P. 407-382-3256  •  F. 407-382-3254 www.lakewoodranchstewardship.com

BOARD OF SUPERVISORS	Friday, December 7, 2018, 9:00 a.m.
LAKEWOOD RANCH	Schroeder-Manatee Ranch, Inc.
STEWARDSHIP DISTRICT	14400 Covenant Way
Lakewood Ranch, FL  34202

For those unable to attend in person, the call-in information for the meeting is as follows: Number: 1-866-546-3377
Passcode:	218802

BOARD OF SUPERVISORS MEETING AGENDA

Call to Order / Roll Call

•	Public Comment Period [for any members ofthe public desiring to speak on any proposition before the Board]

Administrative Matters
•	Administering the Oath of Office to Newly Elected Supervisors

1.	Consideration of Minutes of the November 2, 2018 Board of Supervisors Meeting and the November 6, 2018 Landowners Meeting

2.	Consideration of Resolution 2019-06, Canvassing and Certifying the Results of the Landowners Election

Business Matters
3.	Consideration of Matters Relative to the Northeast Sector -  Phase lB Project

A.	Presentation of Supplemental Assessment Methodology Report
B.	Consideration of Resolution 2019-07, Supplemental Assessment Resolution

C.	Other Matters (provided under separate cover)

4.	Consideration of Matters Relative to the Lakewood Centre & NW Sector Projects

A.	Presentation of Updated Amended and Restated Engineer's Report
B.	Presentation of Amended and Restated Master Assessment Methodology Report

C.	Consideration of Resolution 2018-08, Adopting Amended and Restated Engineer's Report and Assessment Methodology Report

D.	Presentation of Supplemental Assessment Methodology Report

E.	Consideration of Resolution 2019-09, Supplemental Assessment Resolution

F.	Other Matters (provided under separate cover)

5.	Consideration  of Matters  Relative  to  the  Isles  of Lakewood  Ranch  Bond  Issuance

	(provided under separate cover)

6.	Consideration of Resolution 2019-10, Amending Fiscal Year 2017-2018 General Funds Budget

7.	Consideration of Budget Deficit Funding Agreement for Fiscal Year 2018 with Schroeder-Manatee Ranch, Inc.

8.	Consideration of Resolution 2019-11, Award of Contract (44th Avenue East Phase IV Roadways at Lakewood Ranch)

9.	Consideration of Resolution 2019-12, Award of Contract (Rangeland Parkway Improvements and Post Boulevard Extension at Lakewood Ranch)

10.

Consideration
South Project

of

Construction

Management

Agreement

for

Lakewood

Ranch

Boulevard

Financial Matters
11.	Draw Requests

(provided under separate cover)

12.

Compilation

Report

Other

Business

13.

Staff Reports

o	Manager's Report

o	Attorney's Report

o	Engineer's Report

■

Specific Authorization No. 107 Stantec Services Associated with the Lakewood Ranch Stewardship District Rangeland Parkway West (West of Lorraine Rd.) Improvements Bidding Services

■

Specific Authorization No. 108			
Stantec	Stewardship		
Services Associated with the Lakewood Ranch			
Lorraine Road Master Water Meter Assembly			

District

■

■

■

Change Order No. 1						
Frederick Derr & Company, Inc.	Main					
Covenant Way Utilities Extension Force		Length,	Add	mill/pave		
Deduct PVC mat, Deduct Survey, Additional Bore					
per	County Direction						
Change Order No. 1						
E.T. MacKenzie of Florida, Inc.						
44	th	Ave East Phase V						
								
Direct Material Purchase deduction						
Change Order No. 2						
E.T. MacKenzie of Florida, Inc.						
44	th	Ave East Phase V						
			Permitting					
Plan Changes and Delays due to USACE						

■

Change Order No. 3		
E.T. MacKenzie of Florida, Inc.		
44	th	Ave East Phase V		
				
Direct Material Purchase Deduction		

■

Change Order No. 9				
Ryangolf Corporation				
Uihlein Rd & Rangeland Pkwy Improvements		Entrances, Install		
1A for Uihlein Road -  F-Curb Remove/Replace at 2			
Hand at 2 Entrances not Previously Installed,	Regrading & Base Work		

by

■

Change Order No. 9-Final			
QGS Development, Inc.			
44	th	Avenue East Phase III			
					
Material PO 12	Ferguson ($13,223.58)		
Material PO 11	SMR Aggregates	($29,757.27)		
				
Sales Tax Credits ($2,578.85)			
Final Quantity	Adjustments ($320,987.60)		

■

Change	Order No. 11-Final	
Woodruff & Sons, Inc.		
Villages	of Lakewood	Ranch	

-

Lorraine

Road

(Turn

Lane

@Fruitville

Road)	
Final	Overages	
Road		

/

Extras

to

the

County

Required

Turn

Lane

at

Lorraine

■

Work	Authorization - UES Proposal	1130.1018.00052		
				
Universal Enginering Sciences, Inc.			
Lakewood Ranch Boulevard (Fruitville Rd to South Village)		
GEO -	Pile Monitoring			

•	Audience Comments

•	Adjournment

LAKEWOOD

RANCH

STEWARDSHIP DISTRICT

BOARD OF SUPERVISORS MEETING AGENDA

DECEMBER

7,

2018

AT

9:00

A.M.

	SCHROEDER-MANATEE RANCH, INC.		
	14400 Covenant Way		
	Lakewood Ranch, Florida 34202		
BOARD OF SUPERVISORS	DISTRICT STAFF		

Rex Jensen	Chairman		District Manager	Hank Fishkind	
Tony Chiofalo	Vice Chairman/Asst.	Secretary	District Counsel	Jonathan Johnson	
Scott Almand	Treasurer		District Engineer	Mike Kennedy	
Jim Schier	Assistant Secretary				
Richard Bedford	Assistant Secretary		Hank Fishkind	Secretary	

Fishkind

Hopping

Stantec

& Associates

Green & Sams

Enclosed is the agenda of the Lakewood Ranch Stewardship District Board of Supervisors ("Board").  Meetings of	the Board are open		
to the public in accordance with Florida law.  Agendas can be	reviewed by contacting	the District Manger's office at (407) 382-3256		
at least seven days in advance of the scheduled meeting.  Requests for the Board to consider items that are not on this agenda must be		
submitted in writing with an explanation to the District Manger at least fourteen (14) days prior to the date of the meeting.		
Upon establishing a quorum, meetings of	the Board are anticipated	to begin promptly at 9:00 a.m. at the address listed above, unless		
proper notice states otherwise.	Each meeting will begin by inviting comments	from members	of the public in attendance, if any.		
Public comments may address any matter	of interest or concern to the District, regardless	whether listed for consideration on the		
meeting's agenda,  and will be received by the Board	in	accordance	with the  District's Public Comment Policy.   Generally, each		
individual  speaker  is  limited to  three  (3)  minutes  of	public	comment.   The  Board  or  District staff is  not  obligated to  respond		
immediately to comments or concerns expressed during the public comment period.										
Following the public comment period, the Board will proceed to	address agenda items that require the review and approval of the		
Board as a normal course of business.  As	necessary,	other business items may appear on the agenda for the Board's discussion and		
further action by motion or vote of the Supervisors.  If the Board elects to consider any business item not previously	published on the		
meeting agenda, the Board will invite public comment regarding the item prior to taking official action.						
As a routine matter, the Board will consider fmancial status updates and may approve financial reports, work authorizations, and other		
financial business items as appropriate.  Staff, including the District Manager, District Counsel, and District Engineer, will report to		
the Board regarding any pending issues that may be of	interest to the District or the Board on a case-by-case basis.  Time is reserved at		
the  conclusion  of each  meeting  for the	Board  Supervisors	to  express  comments  or concerns  regarding  items  to  be  researched,		
considered or addressed by the Board or Staff.  The Board may elect to receive Public Comment prior to adjournment	of the meeting		
			
at the discretion of the Board Chairman.																					
Occasionally, certain items for	decision	by the Board are required by Florida law to be held	as a Public Hearing, which will be		
indicated by a notice published in the local newspaper	or mailed directly	to impacted persons	as the circumstances	require.  The Board		
									
will announce  the  opening	of	the  Public	Hearing  on these  agenda  items  and  invite public  comment on the  specific  item  being		
considered under the notice	of the Public Hearing.  Public comment received during the Public Hearing must conform to the District's		
Public Comment Policy.  If	needed, the Board may hold	an advertised	public workshop session to consider a policy or business matter		
informally with staff or consultants prior to scheduling	the item for action on an agenda.									
																			
Pursuant to  provisions  of the Americans	with Disabilities  Act,	any	person requiring	special	accommodations		to	participate  in  a		
											
	is  asked	to	advise	the	District  Office		at  least	forty-eight  (48)  hours  before  the		
meeting/hearing/workshop	of	the  Board										
meeting/hearing/workshop	by contacting	the District Manager at  (407) 382-3256.  If	you	are	hearing  or speech	impaired,  please		
contact the Florida Relay Service at (800) 955-8770, which will assist you in contacting the District Office.						
A person who decides to appeal any decision made at the meeting/hearing/workshop with respect to any matter considered at the		
meeting is  advised that person will need	a record of the proceedings	and that accordingly, the person may need to ensure that a		
verbatim record of the proceedings is made including the testimony and evidence upon which the appeal is to be based.			

LAKEWOOD RANCH STEWARDSHIP DISTRICT

Minutes

LAKEWOOD

RANCH

STEWARDSHIP

DISTRICT

14400

Schroeder-Manatee Ranch, Inc.

Covenant Way, Lakewood Ranch, Florida

34202

Minutes - Board of Supervisor's

November 2, 2018, 9:00 a.m.

Meeting

Present

and

constituting a quorum:

Rex Jensen

Tony Chiofalo

Scott Almand

Richard Bedford

Board

Board

Board

Board

Member

Member

Member

Member

Also

present

were:

Hank Fishkind

Jonathan Johnson

Misty Taylor

Sete Zare

Brett Sealy

Rob Engel

Bob Simons

Roger Aman

Dan Perka

Deborah Byerly

Pat Neal

Maryann Grgic

Scott Schule

Fishkind & Associates HGS BMO MBS (by phone) MBS Stantec SMR SMR SMR SMR NEAL Communities KeyPoint Communication US Bank

FIRST

ORDER

OF

BUSINESS

Call

to

Order

and

Roll Call

Dr. Fishkind called the meeting attendance are as outlined above.

to  order

and

proceeded

with

the

roll  call.   The

members

in

SECOND

ORDER

OF

BUSINESS

Administrative Matters

Consideration of Minutes of the October
12, 2018 Board of Supervisors Meeting

Mr. Jensen presented the questions or comments.

minutes

from

the

previous  meetings

and

asked

if

there

were

any

1

On MOTION by Mr. Bedford, seconded by the Lakewood Ranch Stewardship District Supervisors Meeting.

Mr. Almand,

approved the

with all in favor, minutes of the

the Board of Supervisors

October 12, 2018 Board

of of

THIRD ORDER OF BUSINESS	Business Matters					
	Consideration of Matters Relative to the	
	Northeast Sector- Phase lB Project	
	A.  Presentation		of	Updated	
	Engineer's Report		
	B.  Presentation	of	Supplemental	
	Assessment Methodology Report	
	C.  Resolution	2019-04,	Delegation	
	Resolution				
	o	Nineteenth	Supplemental	
		Indenture			
	o	Bond Purchase Contract	
	o	Preliminary	Limited	
		Offering Memorandum	
	o	Continuing	Disclosure	
		Agreement		

Mr. Engel presented the updated	Engineer's Report. Dr.  Fishkind presented	the	Supplemental	
Assessment Report. Ms. Taylor reviewed details	of the Delegation Resolution.	Mr.	Johnson asked	
Ms.  Taylor  to  confirm  for  the  record  that the	delegation  of authority to  the  Chairman  or  a	
designated member includes the	ability to approve any final changes to documents. Ms. Taylor	
confirmed.					

On MOTION by of the Lakewood

Mr. Bedford, seconded by Mr. Chiofalo , with all in favor, the Board Ranch Stewardship District approved Resolution 2019-04, Delegation

of Supervisors

Resolution.

ORDER	FOURTH	OF BUSINESS

Consideration of Matters Relative to the		
Lakewood	Centre	&	NW   Sector		
Projects				Updated		
D.  Presentation	of			
Engineer's Report				
E.  Presentation	of	Supplemental		
Assessment Methodology Report		
F.  Resolution  2019-05,	Delegation		
Resolution					
o	Twentieth	Supplemental		
	Indenture				
o	Bond Purchase Contract		
o	Preliminary		Limited		
	Offering Memorandum		
o	Continuing		Disclosure		
	Agreement				

2

Mr.

Engel

presented

the

updated

Engineer's  Report.

Dr.

Fishkind

presented

the

Supplemental

Assessment

Report

which

will

close

out

the

Capital

Improvement

Plan for this area.

Dr.

Fishkind

noted

that

the

both

the

methodology

as  well  as

the

Engineer's

Report had

been

sufficiently

flexible to allow for the significant changes in the land use plan.	Ms. Taylor	
the Delegation Resolution noting that delegation of authority to the Chairman	
to approve any final changes to documents and execution of those.		

reviewed	details of	
includes	the ability	

On MOTION by Mr. Bedford, seconded by Mr. Almand, with allfavor,in the Lakewood Ranch Stewardship District approved Resolution 2019-05,

the Board of Supervisors

Delegation Resolution.

of

FIFTH

ORDER

OF

BUSINESS

Financial Matters

Draw

Requests & Requisitions

Mr. Almand presented for the Board's Consideration:

Requisition

Del Webb -

List for Draw No. 15 for Series 2017 A Bond

On MOTION

Lakewoodthe

by Mr. Ranch

Chiofalo, seconded by Mr. Bedford, with Stewardship District approved Draw No.

all 15,

in favor, the Del Webb-

Board

Series

of Supervisors

2017 A Bond.

of

Requisition  List  for

Draw

No.  46  for

Lakewood

Centre

North

-

Series

2015

A

On MOTION by Mr. Chiofalo, seconded by Mr. Bedford, with all in favor, the Board of Supervisors of the Lakewood Ranch Stewardship District approved Draw No. 46 for Lakewood Centre North - Series 2015 A.

Requisition List for Draw Lakewood Centre South -Pre-Funding

No. 18

On MOTION by Mr. Chiofalo, seconded by Mr. Bedford, with allfavor,in the Lakewood Ranch Stewardship District approved Requisition No. 18

the Board of Supervisors for Lakewood Centre South.

of

Requisition List No. 4

Northeast Sector Phase

Series 2018 Bond

lA

On MOTION by Mr. the Lakewood Ranch IA.

Chiofalo, seconded by Mr. Bedford, with all in favor, the Stewardship District approved Requisition List No. 4 for

Board of Supervisors of

N01iheast Sector Phase

Requisition List No. 41

The Villages of Lakewood

-  Pre-Funding

Ranch

South

3

On MOTION by Mr. Chiofalo, seconded by Mr. Bedford, with all in favor, the Board	of Supervisors	
the  Lakewood  Ranch  Stewardship  District  accepted  the  Pre-Funding  and  approved  payment	
Requisition No. 41 for The Villages of Lakewood Ranch South.		

of of

Requisition ListNofor.	Draw	34		
The Villages of Lakewood	Ranch South		
			
- Series 2016 A Bond			

On MOTION by Mr. Chiofalo, seconded by Mr. Bedford, with all the Lakewood Ranch Stewardship District approved Draw No. Ranch South - Series 2016 A.

in favor, the 34 for The

Board of

Villages

Supervisors of
of Lakewood

SIXTH ORDER OF BUSINESS	Compilation Report	
No Report		
SEVENTH ORDER OF BUSINESS	Staff Reports	

Manager's

Report-

No Rep01i

Attorney's Report -	Mr. Johnson asked for the Board to authorize Staff and the Chairman		
initiate  previously	discussed	boundary	amendment  and	work  with	the  Landowners		
			the  appropriate	amendment	documents  subject		
neighboring  properties  and  put together					
funding agreements.							

to of to

On MOTION by Mr. Bedford, seconded by Mr. Chiofalo, with all in favor, the Board the Lakewood Ranch Stewardship District authorized Staff and the Chairman to
Boundary Amendment Process.

of Supervisors of proceed with the

Engineer's

Report-

Bid Award for	44	th	Avenue	East		

IV Roadways	at Lakewood	Ranch		
					
A.  Award		Recommendation		
and Bid Tabulation				

Phase

Letter

			th		East Phase		
Mr.  Engel presented the recommendation to	award the contract for 44   Avenue			
Roadways at Lakewood  Ranch to Watson Civil	Construction,  Inc.  for	the	total bid	amount		
$1,921,528.40. Mr. Simons answered questions.								

IV of

On MOTION by Bedford, seconded by Mr. Almand, with all in favor, the	
Lakewood Ranch Stewardship District approved awarding the contract for	
Civil to Watson	Construction,	Inc.	
Roadways at Lakewood Ranch			

Board of Supervisors of		
44	th	Avenue East Phase		

the IV

Bid Award for Rangeland Parkway Improvements and Post Boulevard Extension at Lakewood Ranch

A.	Award Recommendation Letter and Bid Tabulation

4

Mr.	Engel  presented  the  recommendation		
Improvements and Post Boulevard	Extension at		
			
Inc. for the total bid amount of $9,281,679.20.		

to award Lakewood

the contract for Rangeland Parkway Ranch to Frederick Derr & Company,

On MOTION by Bedford, seconded	by Mr. Almand, with all in favor, the Board of Supervisors	of the		
Lakewood  Ranch  Stewardship  District  approved  awarding  the  contract  for  Rangeland  Parkway		
Improvements and Post Boulevard Extension	at Lakewood Ranch to Frederick Den & Company,	Inc.		

Mr. Engel presentedapproval:fortheBoard's

Specific Authorization

Stantec
Rangeland	Parkway

Crossing Analyses

No. 106 /Wolf

Slough

On the

MOTION by Mr. Lakewood Ranch

Chiofalo, seconded by Mr.	Almand,	with all in favor,		
				
Stewardship District approved Specific Authorization		

the Board

No. 106,

of Supervisors

Stantec.

of

Change Order No.  63	Under Specific	
Authorization No. 97		
Stantec			
Northeast Sector Roadway Roadways	
Legal	Description	Coordination	
Services Project		

On MOTION by Mr. Almand, seconded by Mr. the Lakewood Ranch Stewardship District Authorization No. 97, Stantec.

Bedford, with all in favor, the Board	
approved  Change  Order  No.	63	

of Supervisors of

Under	Specific

Change Order No. 1

RIP A & Associates, LLC

Bourneside Blvd. North Phase II

Material Direct Purchase Credits

On the

MOTION by Mr. Lakewood Ranch

Chiofalo, seconded by Mr. Bedford,	with all in favor, the Board of Supervisors		
			RIPA & Associates,	LLC.		
Stewardship District approved Change Order No.	1,				

of

Change Order No. 6				
Fredrick Derr &	Company, Inc.	to		
The	MastersAvenue	Ext			
Bourneside Blvd	updated		
Final	Change	Order			
Install/Maintain	Silt    Fence	and		
				
Deductions for Atlantic TNG Material		
and Sales Tax					

On MOTION by Mr. Chiofalo, seconded by Mr. Bedford, with all in favor,		
the Lakewood Ranch Stewardship District approved	Change Order No.	6,		
				
Inc.				

the Board of Supervisors of

Fredrick Derr & Company,

5

Change Order No. 8			
Ryangolf Corporation		
Uihlein	Rd	&	Rangeland    Pkwy		
Improvement		Underdrain north		
lA for Uihlein Rd. -			
of Rangeland Pkwy & Time Ext		
lB	for	RangelandParkway		
Excavation  from  Irrigation  Lake  and		
Time Ext.					

On the

MOTION by Mr. Lakewood Ranch

Bedford, seconded by Mr. Chiofalo, with all in favor, the Board of Supervisors Stewardship District approved Change Order No. 8, Ryangolf Corporation.

of

Work Authorization		Services		
Driggers	Engineering			
Incorporated	Services		
Materials	Testing			
Waterside Place Road	Pine	Warbler		
Utility  Construction  -				
Place and Waterside Park			

On MOTION by Mr. Bedford, seconded by Mr. Almand the Lakewood Ranch Stewardship District approved Services Incorporated.

with all in favor, the Board of Supervisors of Work Authorization, Driggers Engineering

Mr. Simons presented for the Board's approval:

Change Order

Heidt Design

Bourneside Blvd. South

Construction Phase Services

On MOTION by Mr. Almand, seconded by Mr. Chiofalo, with all in favor, the Board of Supervisors of the Lakewood Ranch Stewardship District approved Change Order, Heidt Design.

Mr. Engel presentedapproval:fortheBoard's

Mr. Simons provided details.

Work Authorization

Heidt Design

Bourneside North Phase II

Construction Plan Revision

On MOTION by Mr. Almand, seconded by Mr. Chiofalo, with all in favor, the Board of Supervisors of the Lakewood Ranch Stewardship District approved Work Authorization, Heidt Design.

EIGHTH ORDER OF BUSINESS

Supervisor Requests

There

were

no

Supervisor

requests.

NINTH

ORDER

OF

BUSINESS

Audience Comments

6

Mr.  Perka  provided  details  relative  to	the  previously  discussed  boundary		
requested that the Board also authorize	deleting certain	slivers of land from		
		to be excluded	from		
Jensen noted that those landowners requesting property				

amendment	and	
the	District. Mr.	
the	District	must	

contribute to costs.

Mr.

Sealy discussed

timing

of

the

two

bond

issues.

TENTH ORDER OF BUSINESS

Adjournment

Mr.

Jensen asked for a motion to

adjourn

the

meeting.

On MOTION by Mr. of Lakewood Ranch

Bedford, seconded by Mr.	Almand,	with all		
				
Stewardship District moved	to adjourn the		

in favor, the November 2,

Board of Supervisors

2018 meeting.

Secretary/Assistant

Secretary

Chairperson/Vice-Chairperson

7

LAKEWOOD

RANCH

STEWARDSHIP

DISTRICT

14400

Schroeder-Manatee Ranch, Inc.
Covenant Way, Lakewood Ranch, Florida

34202

Landowners Meeting

Tuesday, November 6,

2018

at

9:00 a.m.

Schroeder-Manatee Ranch,	Inc. Headquarters		
			
14400 Covenant Way, Bradenton, Florida 34202		

The Landowners'

9:00 a.m.

Meeting

of

the

Lakewood Ranch Stewardship

District

was

called to

order

at

Present:

Dan Perka

Deborah Byerly

Jane Gaarlandt

Lindsay Whelan

SMR

SMR

Fishkind

Hopping

& Associates

Green & Sams

(by phone) (by phone)

Ms. Gaarlandt noted Manatee counties.

that

the

Landowner's

Meeting had

been

duly noticed

in

both

Sarasota

and

Ms. Gaarlandt their presence

was appointed Chairman

known.

of

the

meeting

and asked for all

landowners

to make

Mr. Perka came forward			and	presented proxies for Schroeder-Manatee Ranch, Inc. representing		
								SMR 2050,	LLC	representing	2,730 acres authorizing 2,730		
1803	acres authorizingvotes;1803								
votes;  Lakewood Ranch				Corporate Park representing	50 acres authorizing 50 votes;  Heritage		
												LLC  representing		
					2,129 acres authorizing 2,129 votes; SMR/Myakka,			
Ranch,  LLC representing					
				representing 55		
										Company	LLC	(Shoreview)			
2,146 acres authorizing 2,146 votes;  Pulte Homes						
acres	authorizing	55	votes;	HBT  at	Waterside  (Lakehouse  Cove)  representing  29  acres		
							representing	418 acres authorizing 418 votes;	SMR		
authorizing 29 votes;  SMR	North 70, LLC					
Northeast,	LLC  representing		3,991 acres	authorizing	3,991 votes;	SMR  Northwest Land,  LLC		
											2 acres authorizing		
								Sports, LLC representing			
representing	275 acres authorizing 275 votes; SMR				
2 votes; Lakewood Ranch	Golf Company,	LLC representing	335 acres authorizing 335 votes; Lake		
														
					35  acres  authorizing 35 votes;  Lakewood Ranch Commerce		
Club	Investors,  LLC  representing			
										Lennar  Homes,		LLC	(Lakewood		
Park,	LLC	representing			105  acres  authorizing  105  votes;						
												LLC  (Woodleaf		
							acres authorizing	249 votes; Woodleaf Hammock,			
National)	representing			249						
								(Mallory	Park)		
							96	votes;  DiVosta	Homes,	LP					
Harnack)	representing				96	acres	authorizing									
										Homes		of		Florida,	Inc.		
									55	votes;		Meritage									
representing	55	acres	authorizing														
				acres  authorizing	127	votes;  Mattamy  Sarasota,		LLC	(Harmony)		
(savanna)representing		127									
representing	67  acres  authorizing  67  votes;	and  Pulte  Home	Company,	LLC	(Del  Webb)		
representing	279 acres authorizing 279 votes; all within	the District.									

Ms. Gaarlandt

Almand;  Seat

noted that the three 4, currently held by

(3) Jim

seats up Schier;

for and

election Seat 5,

were Seat currently

3, currently held by Scott held by Richard Bedford.

1

There was a Bedford and

call for nominations and confirmed that there were

Mr. Perka nominated no other candidates at

Mr. Almand, Mr. Schier, this time.

and

Mr.

A request was their presence

made for all other landowners	wishing to participate		
			
known.  No other landowners	came forward.		

in

the

proceedings to make

Mr.

Perka

cast

votes for

the

three

(3) nominees as follows:

Scott Almand

Jim Schier

Richard Bedford

14,921 14,921 14,921

votes votes votes

Mr.

Almand, Mr. Schier, and Mr.

Bedford

were

all elected to

a

term

of four ( 4) years.

A

call

was

made for

any

landowner

questions

or

comments.

There

were

none.

There being District was

no further adjourned.

business

the

Landowners'

Meeting

of

the

Lakewood

Ranch

Stewardship

Secretary/

Assistant

Secretary

Chairperson/Vice-Chairperson

2

LAKEWOOD RANCH STEWARDSHIP DISTRICT

Resolution 2019-06

		RESOLUTION 2019-06					
A RESOLUTION OF THE BOARD	OF SUPERVISORS	OF THE LAKEWOOD		
RANCH  STEWARDSHIP  DISTRICT  CANVASSING  AND  CERTIFYING  THE		
RESULTS  OF  THE  LANDOWNERS  ELECTION  OF  SUPERVISORS  HELD		
PURSUANT TO CHAPTER	2005-338, LAWS OF FLORIDA,	AND PROVIDING FOR		

AN EFFECTIVE DATE										
WHEREAS, the Lakewood Ranch Stewardship District (the "District") is a local unit of special-		
purpose government created and existing	pursuant to Chapter 2005-338, Laws of Florida,	as amended, being		
								
situated within Manatee and Sarasota Counties, Florida; and					
WHEREAS, pursuant to Chapter 2005-33 8(5), Laws of Florida,	a landowners meeting is required to		
			the creation of the		
be held within ninety (90) days of the District's	creation and every two (2) years following			
				
	of the District; and					
District for the purpose of electing supervisors						
WHEREAS, such landowners	meeting was held on November	6, 2018, at which the below recited		

persons were duly elected by vi1tue of	the votes cast in his/her favor; and				

WHEREAS, the votes and declare

the and

Board of Supervisors of the District, certify the results of said election.

by means

of

this Resolution, desire to canvas

NOW THEREFORE, BE IT RESOLVED	BY THE BOARD		
			
THE LAKEWOOD RANCH STEWARDSHIP DISTRICT:		

OF

SUPERVISORS OF

Section 1.

Supervisor

The following persons are found,		
of and for the District, having	been		

certified, and elected by the

declared to votes cast

have been duly in their favor as

elected shown:

as

Scott Almand	Seat 3	Votes	14,921	
Jim Schier	Seat 4	Votes	14,921	
Richard Bedford	Seat 5	Votes	14,921	

Section 2.	In accordance with Chapter	
number of votes cast for the Supervisor,	
the following term of office:	

2005-33 8(5) (2)(b ), Laws the above-named person is

of Florida, and declared to have

by virtue of the been elected for

Scott Almand	4 Year Term	
Jim Schier	4 Year Term	
Richard Bedford	4 Year Term	

[CONTINUED

ON

NEXT

PAGE]

1

Section 3.  This Resolution shall become effective immediately upon its adoption.

PASSED AND ADOPTED

THIS

7

th

DAY OF DECEMBER, 2018.

LAKEWOOD RANCH STEWARDSHIP DISTRICT

Attest:

Secretary/Assistant Secretary

Chairperson,

Board

of

Supervisors

2

LAKEWOOD RANCH

STEWARDSHIP DISTRICT

Matters Relative to the Northeast Sector - Phase 1 B

Project

LAKEWOOD RANCH

STEWARDSHIP DISTRICT

Supplemental Assessment Methodology Report

SUPPLEMENTAL

ASSESSMENT METHODOLOGY

REPORT

LAKEWOOD RANCH STEWARDSHIP DISTRICT NORTHEAST SECTOR SERIES 2018 BONDS

Phase

18

December

7,

2018

Prepared

for

Board

of

Supervisors

Lakewood

Ranch

Stewardship District

Prepared by

Fishkind

&

Associates, Inc.

12051 Corporate Orlando, Florida 407 -382-3256

Boulevard

32817

Supplemental Assessment Report Lakewood Ranch Stewardship District Northeast Sector

Supplemental Assessment Methodology Report

Lakewood Ranch Stewardship District
Northeast Sector Phase 18

1.0	Background

The Lakewood Ranch Stewardship District ("District") was created on June		
17,  2005.   The  District  encompasses  approximately	23,255  acres	in		
							
Manatee and Sarasota Counties.  The District plans to initiate its capital		
improvement plan ("CIP" or the "Northeast Sector Project") for the Northeast		
Sector  which	encompasses	+/-	3,853	gross	acres   planned	for		
approximately	8,175 residential	units,	85 acres	of commercial	space,  a		
						Table		
public high school, and a K-8 public school (the "Northeast Sector").			
1 and the District Engineer'sreport of August, 4,	2017, as updated from time		
to time, (the "District Engineer'sReport") provides a description of the area		
and a location map.														
On September 8, 2017 the District approved its Master Assessment	Report		
				
describing the	methodology to	allocate the debt over the approximately		
3,853 gross acres in the Northeast Sector, less the 120 acres planned for		
school sites, leaving a net of 3,733 gross acres that will receive a special		
benefit from  the proposed  CIP	to	be	installed	in	the  Northeast	Sector		
("Properties").	In addition, the District approved the Series 2017 Note from		
Florida Community Bank ("Bank") to fund the initial phase of the CIP.			
This report describes the sale of the District'sSeries 2018 Bonds Phase 1B		
in  the  amount  of  $36,185,000  sold	to	fund	$33,319,185		in	capital		
									
improvements to support development of parcels A 1,	A2, and B comprising		
1,537 acres planned for 3,057 single-family units.									
For ease of exposition and to provide context the updated development plan		
for the Northeast Sector is shown	in Table	1.	The update reflects small		
variations in the unit counts compared	to the	initial estimates	as various		
parcels are platted and sold to third parties.  The total expected unit count		
has not changed from the original.													

Page

2

of

10

Supplemen	tal Assessment Report Lakewood Ranch Stewardship District Northeast Sector

Table 1: Updated Land Use Plan for Total Acres in

The Northeast Sector

Parcel	Gross	Land Use	Volume		
	Acres				
Parcel A 1 Taylor Morrison	711	SF	1,275		
Parcel A2 Taylor Morrison	281	SF	410		
Parcel B Lennar	545	SF/MF	1,372		
Parcel E - D.R. Horton	278	SF	675		
Parcel F - Kolter	250	SF/MF	651		
Parcel C	20	Apartments	200		
Parcel D	229	SF	425		
Parcel G	260	SF	503		
Parcel H	379	SF	885		
Parcel I	519	SF	815		
Parcel J	70	Apartments	700		
Parcel K	48	SF	120		
Parcel L	58	SF	145		
Parcel 1 - south of SR 64	20	Commercial			
Parcel 2 - east of Lorraine Rd	20	Commercial			
Parcel 3 - west of Uihlein Rd	15	Commercial			
Parcel 4 - north of SR 70	20	Commercial			
Parcel 5 - south of SR 64	10	Commercial			
High School	80				
K-8 School	40		-------		
	-------				
Total	3,853		8,175		

Source: The Landowner

As noted above, the proposed development program for the Northeast Sector's+/- 3,853 gross acres includes: 8,175 residential units of various types, 85 acres of commercial space, a public high school, and a K-8 public school. The Landowner has entered into purchase and sale contracts with Taylor Morrison for Parcel A1/A2, Lennar for Parcel B, Kolter for Parcel E, and D.R. Horton for Parcel F to purchase certain lands within the Northeast Sector (collectively, Soldthe" Properties"). These future landowners, along with others, will develop the Northeast Sector over time based on market conditions.

Page 3 of 10

Supplemental Assessment Report Lakewood Ranch Stewardship District Northeast Sector

2.0	Assessment Methodology

2.1	Overview

	As described in the Master Assessment Report, the assessment methodology is a process by which the District will allocate the costs associated with its improvement program to properties in the Northeast Sector area of the District benefiting from the improvements. The allocation is based upon the benefits that each property receives. At the outset, the District has based its GIP on the projected land uses the Landowner currently plans for the Northeast Sector portion of the District as outlined in Table 1.

2.2	The District'sCapital Improvement Plan for the Assessment Areas and the District Engineer's Estimate of Cost

	Based upon the projected land use plan for the Northeast Sector created by the Landowner summarized in Table 1, the District Engineer has developed the GIP for the Northeast Sector. These cost estimates are summarized in Table 2 below. The Engineer estimates a total project cost of $84,680,481. The Cl P estimate excludes financing costs and interest expenses.

Table 2: District Engineer'sEstimated Costs for

The District'sCapital Improvement Program for the Northeast Sector

Project	2018-19	2020-21	Total		
Uilein	$20,925,060		$20,925,060		
44th Avenue	$21,993,195		$21,993,195		
Rangeland		$21,070,125	$21,070,125		
Bourneside		$14,142,010	$14,142,010		
Post Road		$3,686,500	$3,686,500		
Contingency and Professional Fees	$1 ,502,139	$1 ,361,452	$2,863,591		
	-  -----	-------	----------		
	--------	--------			
Total	$44,420,394	$40,260,087	$84,680,481		

Source: Stantec (August 4, 2017, as updated from time to time), "Lakewood Ranch Stewardship District Master Engineer's Report for Northeast Sector at Lakewood Ranch Infrastructure Improvements"

Page 4 of 10

Supplemental Assessment Report Lakewood Ranch Steward ship District Northeast Sector

Based on the District Engineer'sestimated cost for the Northeast Sector, the Financial Advisor has designed a financing program to provide the construction funds needed for the CIP. Table 3 provides a summary of the financing program needed to fund this project in the Northeast Sector. Bonds or other indebtedness (collectively, "Bonds") totaling approximately $98,300,000 are needed to fund the CIP.

Table 3: Estimated Size of the Bonds for the Northeast Sector

Category	Series 2018	Series 2020	Total		
Construction Fund	$44,420,394	$40,260,087	$84,680,481		
Debt Service Reserve	$2,808,789	$2,547,252	$5,356,041		
Capitalized Interest	$3,093,000	$2,805,000	$5,898,000		
Cost of Issuance	$200,000	$200,000	$400,000		
Underwriter'sDiscount	$1 ,031 ,000	$935,000	$1,966,000		
Rounding	-$3, 182	$2,660	-$522		
	-- --	-------------	--------		
Total	-----------	$46,750,000	$98,300,000		
	$51 ,550,000				

Source: Financial Advisor

2.3	Allocation to Benefiting Properties - The Master Methodology

	The Master Assessment Report allocated $98,300,000 over the Properties. The Properties consist of the 3,853 gross acres in the Northeast Sector less

the 120 acres identified for the school sites which are not assessed leaving a net of 3,733gross acres of the Properties. Therefore, the cost per gross acre of Properties in the Northeast Sector is $26,333 on a debt financed basis.

When Properties are sold by the Landowner to new landowners along with the entitlements, the debt per gross acre on new landowner'sProperty will be refined to reflect the allocation of the entitlements conveyed using the equivalent residential unit ("ERU") methodology described in the Master Assessment Report. The ERU uses a standard single-family residential unit as the basis for measurement, and it is assigned 1 ERU . All other land uses are assigned an ERU in relationship to the single-family home. Table 4 presents the ERU methodology approved by the District for Properties in the Northeast Sector.

Page 5 of 10

Supplemental Assessment Report Lakewood Ranch Stewardship District Northeast Sector

Table 4. Allocation of the Cost of the CIP as Funded to

The Properties in the Northeast Sector

Land Use	Par Debt	Par Debt/Unit	Debt Service	
Single-family standard	$78,313,394	$11,837	$859.94	
Single-family age restricted	$7,020,507	$10,653	$773.95	
Apartments	$6,39 1,964	$7,102	$515.97	
Commercial (square feet of building)	$6,574,135	$12	$0.86	
	---------			
Total	$98,300,000			

2.4	True Up Mechanism

	The true up mechanism provides a critical safeguard in the assessment process preventing a buildup of debt on undeveloped property. The mechanism has two parts: (1) establishment of the Ceiling Amount and (2) application of the test to assure the Ceiling is not exceeded . The Ceiling Amount is established by dividing: (a) the debt that is not allocated to platted properties in the Properties by (b) the number of unplatted acres in the Properties.

	The District has sold its Series 2018 Bonds Phase 1A in the amount of $14,925,000. All of this debt is allocated to sold properties as shown in Table 7. Therefore, if the District sells $361 185,000 in its Series 2018 Bonds Phase 1B, then the Ceiling Amount would be set at $23,543 as follows:

$36,185,000 Series 2018 Bonds Phase 1B / 1,537 remaining unplatted acres= $23,543

The second part of the process is the application of the test to assure that a plat does not cause the debt on the remaining unplatted acres to exceed the Ceiling Amount. The test is conducted at the platting thresholds of 25%, 50%, 75% and 90% based on gross acreage. Table 5 displays the timing for these tests.

At each threshold the District would calculate the remaining unallocated debt per unplatted acre. If the remaining debt per unplatted acre is below the Ceiling Amount, then no further action is needed. However, if the remaining debt were to be above the Ceiling Amount, then the Landowner would be obligated to make a True Up payment to bring the debt per unplatted acre down below the Ceiling Amount.

Page 6 of 10

Supplemental Assessment Report Lakewood Ranch Stewardship District Northeast Sector

TABLE 5. STAGE OF DEVELOPMENT OF PHASE 18 SOLD PROPERTIES

FOR TRUE UP TEST

Category	25%	50%	75%	90%	
Cumulative Acres	384	769	1,153	1,383	
Unallocated Acres	1,153	769	384	154	

3.0	Series 2018 Bonds Phase 1 B

3.1	Financing Plan

	The District issued its Series 2018 Bonds Phase 1A for the Northeast Sector Phase 1A on August 30, 2018. The Series 2018 Bonds Phase 1A repaid the draws on the District's Series 2017 Note and funded additional infrastructure. As anticipated, the District sold its Series 2018 Bonds Phase 18 for the Northeast Sector Phase 1 B. Table 6 displays the final sizing of the Series 2018 Bonds Phase 18.

Table 6. Estimated Sizing for the Series 201 B Bond Phase 1 B

Category		Amount	
Constructi	on Fund	$33,319, 185	
Debt Service Reserve Fund	$1 ,227,550	
Capitalized Interest Fund	$741,240	
Costs of Issuance	$173,325	
Underwriter'sDiscount	$723,700	
Rounding		$0	
		----------	
		$36,185,000	

:	Source MBS Capital Markets, LLC

3.2	Master Assessment Allocations for the Series 2018 Bonds and the Note

	As noted above, the District has allocated $98,300,000 in master assessments on the 3,733 gross acres of the Properties in the Northeast Sector for a maximum debt per gross acre of $26,333 . As sales of the Properties occur and entitlements are conveyed, the allocation of debt per gross acre will be refined to reflect the entitlements conveyed using the ERU methodology summarized in Table 4.

Page 7 of 10

Supplemental Assessment Report Lakewood Ranch Stewardship District Northeast Sector

As expected, Parcels E and F were sold to DR Horton and Kolter respectively. Entitlements were conveyed with the sales, and the District allocated the Series 2018 Bonds Phase 1A debt totaling $14,925,000 to these parcels. Table 7 displays the allocation of the Series 2018 Bonds Phase 1A debt to the parcels.

Table 7. Application of the Assessment Methodology to the

Land Sales to Kolter and D.R. Horton

Category	Kolter	D.R. Horton	Total		
Land Use	Single-family	Single-family			
	age restricted	standard	1,326		
Number of Units	651	675			
Par Debt/Unit	$10,653	$11,837	$14,925,236		
Total Par Debt Allocated	$6,935,281	$7,989,955			
Net Annual Debt Service/Unit	$698	$776	$978,390		
Total Net Annual Debt Service	$454,626	$523,763			
Total Gross Annual Debt Service	$488,846	$563,186	$1,052,032		
Gross Annual Debt Service/Unit	$751	$834			

Note: The District will levy annual debt service consistent with the annual debt of the Series 2018 Bonds Phase 1A

Therefore, initially, the Series 2018 Assessments will be levied on an equal per acre basis on +/- 1,537 acres comprising Parcels A 1, A2, and B which are all under contract. The debt per acre totals $23,543. Table 8 shows how the Series 2018 Bond Phase 1B would be allocated when thesa les to Taylor Morrison and Lennar close.

Page 8 of 10

Supplemental Assessment Report Lakewood Ranch Stewardship District Northeast Sector

Table 8. Application of the Assessment Methodology to the

Land Sales to Taylor Morrison and Lennar

	Taylor Morrison	Taylor Morrison	Lennar			
Category	Parcel A1	Parcel A2	Parcel B	Total		
	Single-family	Single-family	Single-family   Single-family		
Land Use	standard	standard	standard	standard		
Number of Units	1,275	410	1,372	3,057		
Par Debt/Unit	$11,837	$11,837	$11,837	$1 1,837		
Total Par Debt Allocated	$15,092,137	$4,853,158	$16,240,323	$36,185,618		
Net Annual Debt Service/Unit	$803	$803	$803	$803		
Total Net Annual Debt			$1 ,101 ,864	$2,455,100		
Service	$1,023,962	$329,274				
Total Gross Annual Debt		$354,058	$1,184,800	$2,639,892		
Service	$1,101 ,035					
Gross Annual Debt Service/Unit	$864	$864	$864	$864		

Note: The District will levy annual debt service consistent with the annual debt of the Series 2018 Bonds Phase 1 B

4.0	Tax Roll

	Table 9 provides the tax roll for the Northeast Sector allocating the Series 2018 Bonds Phase 1 B to the Properties subject to pending contracts as described above and consisting of Parcels A 1, A2, and B. The benefitted parcels are identified by parcel numbers at this juncture. When the Property Appraiser assigns tax identification numbers, the District will update the tax

roll accordingly. The administrative charges include charges of 2% for the Manatee County Property Tax Assessor, 1% for the Manatee County ,Property Appraiser and a 4% collection allowance for early payment of property taxes.

Page 9 of 10

Supplemental Assessment Report Lakewood Ranch Stewardship District Northeast Sector

Table 9. Tax Roll

Parcel	Gross Acres	Par Debt	Annual Assessment	Administrative	Total Annual	
				Charges	Assessment	
Paroel A1 Taylor Morrison	71 1	$15,092,137	$1 ,023,962	$77,072	$1 ,101,035	
Parcel A2 Taylor Morrison	281	$4,853,158	$329,274	$24,784	$354,058	
Parcel 8 Lennar	545	$16,240,323	$1 ,101,864	$82,936	$1 ,184,800	
Parcel E - D.R. Horton	278	$0	$0	$0	$0	
Parcel F - Kolter	250	$0	$0	$0	$0	
Parcel C	20	so	$0	$0	$0	
Parcel D	229	$0	$0	$0	$0	
Parcel G	260	$0	$0	$0	so	
Parcel H	379	$0	$0	$0	$0	
Parcel I	519	$0	$0	$0	$0	
Parcel J	70	$0	$0	$0	$0	
Parcel K	48	$0	$0	$0	$0	
Parcel L	58	$0	$0	$0	$0	
Parcel 1 - south of SR 64	20	$0	$0	$0	$0	
Parcel 2 - east of Lorraine Rd	20	$0	$0	$0	$0	
Parcel 3 - west of Uihlein Rd	15	$0	$0	$0	$0	
Parcel 4 - north of SR 70	20	$0	$0	$0	$0	
Parcel 5 - south of SR 64	10	$0	$0	$0	$0	
High School	80	$0	$0	$0	$0	
K-8 School	40	$0	$0	$0	$0	
	=======	=======	====·===	-----~	-------	
				-		
Total	3,853	$36, 185,618	$2,455,100	$184,792	$2,639,892	

~	Page 10 of 10
.lt.l..E.
Ll,.L

Pt,.

LAKEWOOD RANCH STEWARDSHIP DISTRICT

Resolution 2019-07

	RESOLUTION 2019-07		
A	RESOLUTION   SETTING   FORTH   THE   SPECIFIC	
TERMS  OF  THE  LAKEWOOD  RANCH  STEWARDSHIP	
DISTRICT'S SPECIAL ASSESSMENT REVENUE BONDS,	
SERIES 2018 (NORTHEAST SECTOR PROJECT -	PHASE	
lB);  CONFIRMING  THE  DISTRICT'S  PROVISION  OF	
INFRASTRUCTURE  IMPROVEMENTS  AND  ADOPTING	
AN	ENGINEER'SREPORT;CONFIRMING	AND	
ADOPTING A SUPPLEMENTAL ASSESSMENT REPORT;	
CONFIRMING, ALLOCATING AND AUTHORIZING THE	
COLLECTION  OF  SPECIAL  ASSESSMENTS  SECURING	
SERIES2018BONDS;PROVIDINGFORTHE	
APPLICATION  OF  TRUE-UP  PAYMENTS;  PROVIDING	
FOR THE SUPPLEMENT TO THE IMPROVEMENT LIEN	
BOOK;   PROVIDING   FOR  THE  RECORDING   OF   A	
NOTICE  OF  SERIES  2018  SPECIAL   ASSESSMENTS;	
PROVIDING FOR CONFLICTS, SEVERABILITY AND AN	
EFFECTIVE DATE.		

WHEREAS,  the  Lakewood	Ranch  Stewardship  District  ("District")  has  previously		
indicated  its  intention  to  undertake,  install,  establish,  construct  or  acquire  certain  public		
infrastructure improvements and to finance such public infrastructure improvements through the		
imposition of special assessments	on benefitted property within the District and the issuance	of		

bonds;and					

WHEREAS, the District's Board of Supervisors		
notice and public hearing, Resolution 2017-23, relating		
enforcement of such special	assessments; and		

("Board") has previously adopted, after to the imposition, levy, collection and

WHEREAS,  pursuant  to  and  consistent  with  the  terms  of Resolution	2017-23,	this		
Resolution  shall  set forth  the terms	of bonds  actually  issued	by the  District,  and  apply the		
			be completed	with		
			scopetoof	the project				
adopted special assessment methodology to the actual						

a series of bonds and the te1ms of	the bond issue; and							
WHEREAS, on November	21, 2018, the District entered into a Bond Purchase Contract		
						Bonds,  Series	2018		
whereby  it  agreed  to  sell  its  $36,185,000  Special  Assessment Revenue				
(Northeast Sector Project - Phase	lB) (the "Series	2018 Bonds"); and					

WHEREAS, pursuant to set forth the pmiicular terms of special assessments securing the

and consistent with Resolution 2017-23, the District desires to	
the sale of the Series 2018 Bonds and confirm the lien	of the	
Series 2018 Bonds (the "Series 2018 Assessments").		

1

NOW THEREFORE, BE IT RESOLVED BY THE BOARD		
OF   SUPERVISORS   OF   THE   LAKEWOOD   RANCH		
STEWARDSHIP DISTRICT AS FOLLOWS:				
SECTION 1.  AUTHORITY	FOR THIS RESOLUTION	.	This Resolution is adopted		
					
		170 and 197, Florida Statutes, and		
pursuant to the provisions	of Florida law, including Chapters			

Resolution 2017-23.							

SECTION  2.	FINDINGS.	
Stewardship District hereby finds and	

The Board of Supervisors determines as follows:

of

the  Lakewood  Ranch

(a)	On September	8,	2017,	the District,  after due  notice  and public hearing,  adopted		
Resolution  2017-23,  which,  among  other things,  equalized,  approved,  confirmed  and  levied		
special assessments on property benefitting from the infrastructure improvements authorized by		
the District.  That Resolution provided that as each series	of bonds was issued to fund all or any		
	a  supplemental  resolution  would  be		
portion  of	the  District's	infrastructure	improvements,			
adopted to	set fo1ih the specific terms of the bonds and ce1iifying the amount of the lien of the		
special assessments securing	any portion of the bonds, including interest, costs of	issuance,	the		
					
			amounts  and  the  application  of receipt	of True-Up		
number  of	payments  due,	the  True-Up				
proceeds.										

(b)	The

Master   Engineer's  Report  for   Northeast  Sector	at  Lakewood  Ranch	

Infrastructure Improvements,	dated August 7,	201 7, and last revised November 6, 2018, attached		
			identifies and describes the presently		
to this Resolution as Exhibit A (the "Engineer's Report"),			
expected  components  of the  improvements	to  be  financed  with the  Series  2018  Bonds  (the		
"Improvements").  The District hereby confirms that the Improvements serve a proper, essential		
and valid public purpose.  The Engineer's Report is hereby confirmed.  The District ratifies its		
use in connection with the sale of the Series 2018 Bonds.			

(c)  The	Supplemental Assessment	Methodology  Report		
			JB),	dated		
District Northeast Sector Series	2018 Bonds (Phase				

Lakewood Ranch Stewardship		
December 7,	2018, attached	to		

this  Resolution

as

Exhibit  B

(the  "Supplemental  Assessment  Report"),  applies  the

Master

Assessment Methodology Report Lakewood Ranch Stewardship	District Northeast Sector	dated		
September 8, 2017 (the "Master	Assessment Methodology")	to the actual terms of the  Series		
									
2018 Bonds.  The Supplemental Assessment Report is hereby approved, adopted and confirmed.		
The District ratifies its use in connection	with the sale of	the Series 2018 Bonds.				
												
(d) The Improvements will specially	benefit all	of the developable	acreage within the		
							
			within	the District, as set forth in the		
areas comprising the Northeast	Sector Project - Phase lB				
						of		
		It is reasonable, proper,	just and right to assess the pmiion			
Supplemental Assessment	Repmi.					
											
		financed with the Series 2018 Bonds to the specially benefited		
the costs of the Improvements			
properties within the District as set forth in Resolution 2017-23 and this Resolution.				

SECTION 3. SERIES 2018 BONDS.

CONFIRMATION OF MAXIMUM ASSESSMENT LIEN FOR As provided in Resolution 2017-23, this Resolution is intended to set

2

forth  the  terms  of the  Series	2018  Bonds  and  the  final  amount	of the  lien  of	the	special		

assessments securing those bonds.												
The Series 2018 Bonds, in a par amount	of $36,185,000 shall bear such rates of	interest		
							on the Series 2018		
and maturity as shown on Exhibit C attached hereto.  The final payment			
Bonds shall be due on May 1,	2048.	The sources and uses	of	funds	of the Series	2018 Bonds		
shall be as set forth in Exhibit D.  The debt service due on the Series		2018 Bonds is set forth on		
Exhibit E attached hereto.  The lien	of the special assessments	securing the Series 2018 Bonds		
on all developable land within the areas complising the Northeast Sector Project	-  Phase  lB		
within the District shall be the principal amount due on the Series 2018 Bonds, together with		
accrued but unpaid interest thereon, and together with the amount by which annual assessments		
are grossed up to include early payment discountsby	required	law and costs of collection.			

SECTION BONDS.

4.

ALLOCATION  OF  ASSESSMENTS  SECURING  SERIES  2018

(a)  The special assessments for the Series 2018 Bonds shall be allocated in accordance		
with Exhibit B which allocation	shall initially be on a per acre basis and further	allocated as		
				
lands are platted.  The Supplemental Assessment Report is consistent with the District's Master		
Assessment Methodology.  The Supplemental Assessment Report, considered herein, reflects the		
actual  terms	of the  issuance	of	the	District's	Series  2018  Bonds.	The  estimated  costs  of		
collection  of	the  special	assessments	for  the	Series	2018  Bonds	are	as  set  forth  in  the		

Supplemental Assessment Report.																
(b)   The lien of the  special	assessments  securing the  Series 2018  Bonds includes all		
		Sector Project -	Phase lB	of the District, and as such land		
developable land within the Northeast					
									of developable acreage.  To the		
is ultimately defined and set forth in plats or other designations			
extent land is added to the District, the District may, by supplemental resolution, determine such		
land to be benefited by the Improvements	and reallocate the special assessments securing the		
Series 2018 Bonds and impose special assessments on the newly added and benefited property.		
(c)  Taking into account capitalized	interest and earnings on certain	funds and accounts as		
					
set forth in the Master Trust Indenture and Nineteenth Supplemental Trust Indenture, the District		
shall begin annual  collection	of	special	assessments	for the  Series	2018  Bonds	debt service		
									
							it by law.		Debt service payments and semi-annual		
payments using the methods available to						
installments of interest are reflected on	Exhibit E.	The Series	2018 Bonds include an amount		
								
for capitalized interest through	May	1,	2019.										
																	
(d)  The District hereby certifies	the special assessments for collection and directs staff to		
take all actions necessary to meet the time and other deadlines imposed by Manatee County for		
collection and other Florida law.   The District intends, to the extent possible and subject to		
entering into the appropriate agreements with the Manatee County Tax Collector and Manatee		
County Property Appraiser, to collect the Series 2018 Assessments on platted lands using the		
Uniform Method in Chapter 197, Florida Statutes.  The District intends, to the extent possible, to		
directly bill, collect and enforce the Series 2018 Assessments on unplatted lands.	The District		

3

Manager shall prepare or cause to be prepared	each year a tax roll for purposes	of		effecting	the		
								
collection of the special assessments	and present same to the District Board as required by law.		
																
The District Manager is fmiher directed and authorized to take all actions necessary to collect		
any  prepayments  of	debt  as  and  when  due  and  to  collect  special  assessments		on  unplatted		
								
					law	by Florida										
prope1iy using methods available to the District authorized												
SECTION 5.	APPLICATION OF TRUE-UP PAYMENTS.	Pursuant to Resolution		
											
2017-23, there may be required from  time to  time  certain True-Up payments.   As  lands  are		
platted or approved for development, the special assessments securing the  Series 2018  Bonds		
shall be allocated to the platted lands and the unplatted lands as set forth in Resolution 2017-23,		
this  Resolution,  and  the  Supplemental  Assessment  Report,	including,	without	limitation,	the		
application of the True-Up process set fo1ih in Section 8	of	Resolution	2017-23.  Based on the		
					will be made in		
final par amount of $36,185,000 in Series 2018 Bonds, the True-Up calculations			
accordance with the process set forth in the Supplemental Assessment Report.  The District shall		
apply all True-Up payments related to the Series 2018 Bonds only to the credit	of the  Series		
2018 Bonds.  All True-Up payments,	as well as all other prepayments	of	assessments,	shall be		
						of		
										dated  as				
deposited  into  the  accounts  specified in the Nineteenth Supplemental Indenture,					
						
December 1, 2018, governing the Series 2018 Bonds.												
SECTION 6.	IMPROVEMENT LIEN BOOK.	Immediately following		the adoption		
									
of this Resolution these special assessments	as reflected herein shall be recorded by the Secretary		
	Improvement Lien Book.  The special assessment or		
of the Board of the District in the District's			
assessments against each respective parcel shall be and shall remain a legal, valid and binding		
first lien on such parcel until paid and such lien shall be coequal with the lien of all state, county,		
district, municipal or other governmental taxes and superior in dignity to all other liens, titles,		
and claims.																	
SECTION 7.	OTHER PROVISIONS REMAIN IN EFFECT.	This  Resolution	is		
					
intended  to  supplement  Resolution  2017-23,  which  remains  in  full  force  and  effect.  This		
Resolution and Resolution 2017-23 shall be construed to the maximum extent possible to give		
full force and effect to the provisions		of each resolution.  All District resolutions	or parts thereof		
				and repealed.		
		are, to the extent of such conflict, superseded			
in actual conflict with this Resolution					

SECTION

8.

ASSESSMENT NOTICE.

The District's Secretary is hereby directed to

record  a Notice  of Series  2018 Special Assessments	(Northeast Sector  ProjectPhase		
		of Manatee County, Florida, or		
securing the  Series 2018 Bonds in the  Official Records			
			
other instrument evidencing the actions taken by the District.		

IE) such

SECTION 9.	SEVERABILITY.  If any section or part of	a section of this resolution	be		
declared invalid or unconstitutional,	the validity, force and effect of any other section or part of a		
			unless it clearly appears that		
section of this resolution shall not thereby be affected or impaired			
such other section or part of a section of this resolution	is wholly or necessarily dependent upon		
					
the section or part of	a section so held to be invalid or unconstitutional.			

4

SECTION 10.  EFFECTIVE DATE.

adoption.

This Resolution shall become effective upon its

PASSED AND

ADOPTED

this

7th

day

of

December, 2018.

ATTEST:

BOARD OF SUPERVISORS OF THE LAKEWOOD RANCH STEWARDSHIP DISTRICT

Secretary	Rex Jensen, Chairman

Exhibit

Exhibit

Exhibit

Exhibit

Exhibit

A: B:

C: D: E:

Master Engineer's Report for Northeast Sector at Lakewood Ranch Infrastructure		
Improvements, dated August 7, 2017, as last revised November 6,	2018			
Supplemental  Assessment  Methodology  Report  Lakewood Ranch  Stewardship		
District Northeast Sector Series	2018 Bonds (Phase JB), dated December 7,	2018		
					
Maturities and Coupon of Series 2018 Bonds				
Sources and Uses of Funds	for Series 2018 Bonds				
						
Annual Debt Service Payment Due on Series 2018 Bonds				

5

Exhibit

A

Engineers

Report

LAKEWOOD RANCH STEWARDSHIP DISTRICT MASTER ENGINEER'SREPORT FOR NORTHEAST SECTOR AT LAKEWOOD RANCH INFRASTRUCTURE IMPROVEMENTS

Stantec

Prepared for:

Lakewood Ranch Stewardship District 14400 Covenant Way

Lakewood Ranc h, FL 34240

Prepared by:

Stantec Consulting Services Inc. 6900 Professional Parkway East Sarasota, FL 34240

November 6, 2018

LAKEWOOD RANCH STEWARDSHIP DISTRICT MASTER ENGINEER 'S REPORT FOR NORTHEAST SECTOR AT LAKEWOOD RANCH INFRASTRUCTURE IMPROVEMENTS

Table of Contents

I.	INTRODUCTION	1

II.	GENERAL DESCRIPTION	...	..	..	.. 1

Ill .	LAND USES	..	..	..	....	..	.. 2

IV.	PERMITS ...	..	..	..	...	2

V.	INFRASTRUCTURE IMPROVEMENTS	..	3

VI.	SUMMARY ANO CONCLUSION	..	..	..	4

LIST OF TABLES

Table 1	PROPOSED LAND USES	..	..	2

Table 2	PROPOSED IMPROVEMENT COSTS .	..	5

Table 3	PERMITTING STATUS	..	..	..	.. 6

EXHIBITS

EXHIBIT 1	NORTHEAST SECTOR AT LAKEWOOD RANCH - LOCATI ON MAP	..	... 8

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LA KEWOOD RANCH STEWARDSHIP DISTRICT MASTER ENGIN EE R'SREPORT FOR NORTHEAST SECTOR AT LAKEWOOD RANCH INFRASTRUCTURE IMPROVEMENTS

November 6. 2018

I.	INTRODUCTION

Lakewood Ranch is a master planned multi-use project localed In Manatee and Sarasota Counties. Florida. Lakewood Ranc h currently consists of six approved Developments of Regional Impact (DRI). namely Cypress Banks, University Lakes. University Place. Northwest Sector, Lakewood Centre, and the Villages of Lakewood Ranch South. Local Bill 1429 passed by the Florida State Legislature and signed by the Governor of the State of Florida on June 17, 2005 created the Lakewood Ranch Stewardship District (the "District") . The Northeast Sector (the "Project") is within the Distric t and more specifically generally bounded by State Road 70, Sta te Road 64, Lorraine Road, and Bourneside Boulevard. It is the purpose of this report to provide a description of the Project and the proposed capital improvements to serve it. Exhibit 1 deHneates the boundaries of the Project. with an area consisting of approximately 3,853 acres.

II.	GENERAL DESCRIPTION

The terrain within the District is gently rolling, with eleva ti ons within the Project ranging from elevation 35 feet to 68 feet NAVD. Soils generally consist of fine sands and she ll typical for Manatee County. The primary soil type within the Project boundary is Myakka-Myakka, wet, fine sand (#30). Other soil types at the site include Floridana-lmmokalee-Okeelanta Association (#26), Okligrore. Wabasso fin e sa nd (#48), Canova, Anclote and Okeelanta soils (#7),l De ray complex (# 16). Cassia fine sand (# 1l ), Ona fine sand (#35), Pinellas fine sand (#40) , Delray-Pomona Complex (#18), Felda-Wabasso associa tion (4n 4), Pomella fin e sand (# 42), Wabasso find sand (#48) , and Wachula fine sa nd (#51). Groundwater generally is loca ted one to two feet below natural grade duringth e rainy season. Annual fluctuations may reach three to four feet. A series of lakes a nd control

turstruc es are planned to control stormwater discharge. Southwest Florida Water Management District (SWFWM D) and Manatee County design c ri teria will be utilized for d esign of all water management fac ilities within the DistricL

The four major roadways serving 1he Project will be SR-70, SR-64, Lorraine Road, and Bourneside Boulevard. Wi thin the Project, there are additional planned major access ways, namely Uihlein Road. Rangela nd Parkway, 441h Avenue East, and Post Road.

Potable water and sanitary sewer service will be provided by Mana tee County. Non-p otable waler will be provided by Braden River Utilities.

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LAKEWOOD RANCH STEWARDSHIP DISTRICT MASTER ENGINEER'S REPORT FOR NORTHEAST SECTOR AT LAKEWOOD RANCH INFRASTRUCTURE IMPROVEMENTS

Novernber 6, 2018

Ill.	LAND USES

Land uses within the Project w ill include (but not be limited to):

a)	Open space and preservation areas

b)	Commercial and Mixed Use

c)	Residential (single family and multiple family)

Table 1 summarizes proposed land uses.

TABLE 1

PROPOSED LAND USES

DESCRIPIION

Residential

Mixed Use (retail, office, e tc .)

Open space. preserve, water management facility, lakes & drainage, righls-of-way, school. park, elc .

Total

6PPROolMATE AREA {AC)

3,648

85

120

3,853

Note:  Ac reages are approximate and will be determined at final platting.

IV.	PERMITS

Permits for si te cotinstruc on are required prior to the start of infrastructure construction. These permits typically include the following:
•	Local Zoning approval

•	SWFWMD for Surface Water and Consumptive Use ("SWFWMD")

•	Manatee Counly Final Sil e Plan ("FSP")

•	Manatee Counly Construc tion Plans ("Const ")

•	Manatee County Health Departme nt for Water Dislribution ("FHD - Water")

•	Florida Depar1ment o f Environmenla l Protection for Sani1ary Sewage Collection ("FDEP- WW")

•	U.S. Arrny Corps of Engineers ("USACE")

Permitting is in progress for several major roadways within the development. These efforts are summarized in Tobie 3.

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LAKEWOOD RANCH STEWARDSHIP DISTRICT MASTER ENGINEER 'S REPORT FOR NORTHEAST SECTOR AT LAKEWOOD RANCH INFRASTRUCTURE IMPROVEMENTS

November 6, 2018

V.	INFRASTRUCTURE IMPROVEMENTS

A.	Proposed lnfrostructure Improvements

	Proposed improvements for the Project will consist of roadways, a drainage system and stormwater management sys1em (i.e. pipes, lokes, control structures, etc .) , landscaping, lighting, recreation [i.e. parks, trails, etc.), decorative walls, fences, potable water systems, sanitary sewer systems, and irrigation facilities. Of these facilities, the Distric1 will own and operate/maintain the stormwater management system, irrigation system, and portions of the landscaping within the roadway

system. Some roadway lighting may be owned and operated by the Distric t. Portions of the internal roadways, commerc ial/office, mixed use a nd multi-family will be privately owned and, therefore, will not be funded by the Distric t. Most of the potable water system and the sanitary sewer system will be owned and operated/ maintained by Manatee County, with lesser portions being owned and operated/ maintained by the Distric t. District funded improvements are further described in the following sections.

1.	Roadways

	There are roadways that  may require improvement in order to serve  the

Project . Improvements may include new roadways, street lighting, expansion of existing roadwa ys, intersection improvements, etc . These improvements will be assigned to the Project on a pro-rota basis consistent with the benefit received .

2.	Utilities

	Th e Distric t will construct the potable water, sanitary sewer dnd irrigation

systems necessary to support the Project's restiden s a nd other activities. Potable water, sanitary sewer and irrigdtion w ill be constructed to Manatee County standards. Utilities may include offsite systems {i.e., off-site force main to a wastewater treatment plant) or onsite systems constructed as part of a major roadway or subdivision.

3.	Water Management/ Drainage

	The stormwater management system will be comprised of excavated stormwoter management ponds as well as above ground and below-ground collection systems to transport the stormwater to the appropriate stormwater ponds for treatment and attenuation. Stormwater ireatment will occur by the Biological Filtration Process. The filtration system consists of constructed littoral shelves in the appropria te stormwater ponds. These littoral shelves will be planted with wetla nd plants to crea te the filtration process.

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LAKEWOOD RANCH STEWARDSHIP DISTRICT MASTER ENGINEER'SREPORT FOR NORTHEAST SECTOR AT LAKEWOOD RANCH INFRASTRUCTURE IMPROVEMENTS

November 6, 2018

Run-off attenuation also occurs in the stormwater ponds. SWFWM D requirements mandate that the pre-development peak rotes of run-off be maintained during the post d evelopment phase. For areas within the Evers Reservoir Watershed , Manatee County requires an additional attenuation, 75% of the pre-development peak rat es of runoff are allowed. The design storm event is the 25-year/ 24-hour storm.

Minimum residential finished floor elevations as well as minimum roadway elevations will be set per Manatee County requirements. These requirements are established to minimize road flooding during the critical storm event and to prevent flooding during the 100-year design storm.

Portions of the Project lie w ithin the FEMA l 00-year floodplain. As a result. there is the possibility of floodplain lakes within the Proj ect to mitigate any impacts. All floodplain impact mitigation will be designed per SWFWMD and Manatee County criteria.

4.	Landscaping and Entry Features

	Landscaping and entry features will be on in tegral part of the Project's infrastructure. Development areas and various ne ighborhoods will have entry features and various hardscape features designed to provide a distinctive look to the community.

Table 2 summarizes improvement costs.

VI.	SUMMARY AND CONCLUSION

The Project as outlined is necessary for the functional development of the Project. The Project is being designed in acc ordance with current governmental regulatory requirements. The Project will serve its intended function so long as the construction is in substantial complia nce with the design. Items of cons ruction for the Projec t are based upon current development plans.

It is our professional opinion tha t the infrastructure cos ts provided herein for the District improvement s for the Project are reasonable to complete the c onstru c tion of the infrastruc ture described herein and thai these infrastructure improvements will benefit a nd add value to the District. Th ese estimated costs are based upon prices cturren ly being experienced for similar items of work in Southwest Florida and expected infla tion in the future. Actual costs may vary based on final engineering, planning and approvals from regulatory agencies.

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LAKEWOOD RANCH STEWARDSHIP DISTRICT MASTER ENGINEER'SREPORT FOR NORTHEAST SECTOR AT LAKEWOOD RANCH INFRASTRUCTURE IMPROVEMENTS

November 6, 2018

TABLE 2

SUMMARY OF PROPOSED MASTER IMPROVEMENT COSTS

DESCRIPTION	PROPOSED CONSTRUCTI ON

1 .	Roadways	$	77.870,530	
2.	Consultants/ Contingencies/ Other	$	6,809,951	
	TOTAL	$	84,680,48 1	

NOTE 1: All costs are approximate a nd are subject to change based upon actual bid prices. Roadway costs include roads, drainage, utilities, lighting, landscape, entry fea tures, etc.

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LAKEWOOD RANCH STEWARDSHIP DISTRICT MASTER ENGINEER'S REPORT FOR NORTHEAST SECTOR AT LAKEWOOD RANCH INFRASTRUCTURE IMPROVEMENTS

November 6, 2018

TABLE 3

PERMITTING STATUS

PERMIT

Rangeland Parkway Wesl - M o no l ee County Cons1ruc lion Plons

Revised Rangeland Parkway WesI - Monotee County Construc tion Plans

Rangeland Parkway West - SWFWMD ERP

Revised Rangeland PorkWay West - SWFWMD ERP

Ra ngeland Parkway West - USACE Pemllr

Rangeland Parkway West - FDEP Wastewa1er NOi

Rangeland Parkway West - FDEP Wa terON  i

Past Road - Mona tee Counly Conslruclion Plans

Revised Posl Rood - Manol ee CounlY Cons1rucllon Plans

Post Rood - SWFWMD ERP

Revised Post Rood - SWFWMD ERP

Post Rood- FDEP Wastewater NOi

Posl Road- FDEP WalerON  i

4,11 Ave nue Phase 5- Manatee County Construction Plans h

Revised 44tt, Avenue Phase 5- Manatee Coun ty Construction Plans

44111  Avenue Pt1ase 5 - SWFWMD ERP

Re vised 441h  Ave nue Phase 5 - SWFWMD ERP

,j,jlh Avenue Phase 5 - USACE Permil

4411• Avenue Phase 5 - FDEP WastewaterON  i

44111  Avenue Phase 5- FDEP Water NOi

Bourneside Boule vard - Manatee County Construction Plans

Bourneside Boulevard - SWFWMD ERP

Bourneside Boulevard - USACE Permll

Bourneslde Boulevard - FDEP Water NOi

Boum eslde Boulevard - FOOT Driveway Connection

Bourne slde Boulevard - fDOT Drainage Access

PERMIT NUMBER

PW/f.21 98

Submllled

43003052.256

Submilted

Approved

Approved

Approved

Application PW/1 2203

Submitted

43029962.014

Submitted

Approved

Approved

PWtn192

Submitted

43003052.255

Submitted

Submitted

Submitted

Sub mi11ed

PW/12190

43003052.257

Submitted

0133068- 1289-DS/ C

Applicalio n 112018·A• l 94-004

Applicatio n #2018-D-I94-005

DATE APPROVED

6/25/18

Pending

11/13/17

Pend ing

9/28/18

10/18/18

10/17/ I 8

Approved

Pending

1/ 24/18

Pending

10/26/18

10/26/18

6/28/18

Pending

2/19/?.018

Pending

Approved

Pe nding

Pending

Approved

1/8/2018

Pending

10/15/18

Pending

Pending

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LAKEWOOD RANCH STEWARDSHIP DISTRICT MASTER ENGINEER'SREPORT FOR NORTHEAST SECTOR AT LAKEWOOD RANCH INFRASTRUCTURE IMPROVEMENTS

November 6, 2018

PERMIT

Rangeland Parkway East, Uihlein Road Soul h - Manatee Courity
Conslruclian Plans

Re\/ised Rangeland Pa rkway Easl. Uihlein Road Soulh Manatee County Conslruc lion Plans

Rangeland Parkway East, Uihlein Road Sou th - SWFWM D ERP

Revised Rangela nd Parkway East, Uihlein Road South - SWFWMD ERP

Rangeland Parkway Easl. Uihleir'lRoad South - USACE Permit

Rangeland Parkway Eos1. Uihlein Rood South - FDEP Wastewaler NOi

Rangeland Parkway Easl. Uihlein Road South - FDEP water NOi

PERMIT NUMBER	DATE APPROVED	
PW #2189	3/30/18	
Subrnitted	Periding	
43003052.254	2/27/ 18	
App l/.766752	Pending	
SAJ-20 I 7-02544	Approved	
CS41-0182518-552-DWC/CG	7/ 19/18	
0 133068- 127 5-DSGP02/ 02	7/ 11/18	

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EXHIBIT	1

LOCATION  MAP

Exhibit B

Supplemental Assessment

Methodology

Report

Exhibit C

Maturities

and

Coupon

of

Series 2018 Bonds

	Maturity				Yield	Price		
Bond Component	Date	CUSIP	Amount	Rate				
Term Bond due 2024:			575,000	4.350%	4.350%	100.000		
	05/01/2020							
	05/01/2021		600,000	4.350%	4.350%	100.000		
	05/01/2022		625,000	4.350%	4.350%	100.000		
	05/0)/2023		655,000	4.350%	4.350%	100.000		
	05/0)/2024	5J265K BQ0	680,000	4.350%	4.350%	100.000		
			3,135,000					

Tem1

Bond due 2029:
05/01/2025	715,000	4.750%	4.750%	100.000	
05/01/2026	750,000	4.750%	4.750%	100.000	
05/01/2027	785,000	4.750%	4.750%	100.000	
05/0)/2028	825,000	4.750%	4.750%	100.000	
05/0)/20295J265K BR8	865,000	4.750%	4.750%	100.000	
	3,940,000				

Term Bond due 2039:
05/01/2030	910,000	5.300%	5.300%	100.000	
05/01/203 J	955,000	5.300%	5.300%	100.000	
05/01/2032	1,010,000	5.300%	5.300%	100.000	
05/01/2033	1,065,000	5.300%	5.300%	100.000	
05/01/2034	1,120,000	5.300%	5.300%	100.000	
05/0)/2035	1,185,000	5.300%	5.300%	100.000	
05/01/2036	1,250,000	5.300%	5.300%	100.000	
05/0)/2037	J,315,000	5.300%	5.300%	100.000	
05/01/2038	1,385,000	5.300%	5.300%	100.000	
05/01/20395J265K BS6	1,465,000	5.300%	5.300%	100.000	
	I 1,660,000				

Tem1

Bond due 2048:
05/0)/2040		1,545,000	5.450%	5.450%	100.000	
05/0)/2041		1,630,000	5.450%	5.450%	100.000	
05/01/2042		1,720,000	5.450%	5.450%	100.000	
05/01/2043		1,820,000	5.450%	5.450%	100.000	
05/01/2044		1,920,000	5.450%	5.450%	100.000	
05/01/2045		2,030,000	5.450%	5.450%	100.000	
05/01/2046		2,140,000	5.450%	5.450%	100.000	
05/01/2047		2,260,000	5.450%	5.450%	100.000	
05/01/2048	51265K BT4	2,385,000	5.450%	5.450%	100.000	
		17,450,000				

36,185,000

Exhibit

D

Sources

and

Uses

of

Funds

for Series 2018 Bonds

SOURCES

AND

USES

OF

FUNDS

Lakewood Ranch Stewardship District

(Manatee County, Horida)

Special Assessment Revenue Bonds, Series
(Northeast Sector Project - Phase I B)

2018

PRICING

DATE:

11.20.2018

FINAL

PRICING

NUMBERS

Dated Dale

Delivery Date

12/10/2018 12/10/2018

Sources:

Bond Proceeds:
Par Amount

36,185,000.00

36,185,000.00

Uses:						
Project Fund Deposits:						
Project Fund						
Other Fund Deposits:	Fund lhru 5/					
Capitalized Interest		I/2019	MADS		
Debt Service Reserve Fund@ 50%	of			
Delivery Date Expenses:						
Cost of Issuance						
Underwriters Discount					

33,319,185.06

741,239.94 1,227,550.00 1,968,789.94

173,325.00 723,700.00 897,025.00

36,185,000.00

Exhibit E Annual Debt Service Payment Due on Series 2018 Bonds

Period

Ending

12/1<¥2018 05/01/2019 I 1/01/2019 05/01/2020 11/01/2020 05/01/2021 11/01/2021 05/01/2022 11/01/2022 05/01/2023 11/01/2023 05/01/2024 11/01/2024 05/01/2025 11/01/2025 05/01/2026 I 1/01/2026 05/01/2027 11/01/2027 05/01/2028 11/01/2028 05/01/2029 11/01/2029 05/01/2030 11/01/2030 05/01/2031 11/01/2031 05/01/2032 11/01/2032 05/01/2033 11/01/2033 05/01/2034 l 1/01/2034 05/01/2035 11/01/2035 05/01/2036 11/01/2036 0:5/01/2037 11/01/2037 05/01/2038 11/01/2038 05/01/2039 ll/01/2039 05/01/2()40 11/01/2()40 05/01/2041 l 1/01/2041 05/01/2042 11/01/2042 05/01/2()43 11/01/2043

Principal	Coupon

575,000	4.350%	
600.000	4.350%	
625,000	4.350%	
655,000	4.350%	
680,000	4.350%	
715.000	4.750%	
750,0()0	4.750%	
785.000	4.750%	
825.000	4.750%	
865.000	4.750%	
910.000	5.300%	
955,000	5.300%	
1,010,000	5.300%	
1,065,000	5.300%	
1,120,000	5.300%,	
1,185,000	5.300%	
1,250.000	5.300%	
1.315.000	5.300%	
1,385,000	5.300%	
1.465,000	5.300%	
1545,000	5.450%	
l,630,000	5.450%	
1.720,000	5.450%	
1,820,000	5.450%	

Interest

741,239.94 946,263.75 946.263.75 933,757.50 933,757.50 920,707.50 920,707.50 907,113.75 907,113.75 892,867.50 892,867.50 878,077.50 878,077.50 861.096.25 861,096.25 843,283.75 843,283.75 824,640.00 824.640.00 805,046.25 805,046.25 784,502.50 784,502.50 760,387.50 760,387.50 735,080.00 735,080.00 708,315.00 708,315.00 680,092.50 680,092.50 650,412.50 650,412.50 619,010.00 619,010.00 585,885.00 585,885.00 551,037.50 551,037.50 514,335.00 514,335.00 475,512.50 475,512.50 433,4 I 1.25 433,411.25 388,993.7:5 388,993.75 342,123.75 342,123.75 292,528.75

Debt Service	
741,239.94	
946,263.75	
1.521,263.75	
933.757.50	
1.533,757	.50	
	920,707.50	
1,545,707.50	
	907,113.75	
1,562,113.75	
	892,867.50	
1,572,867.50	
	878,077.50	
1,593,077.50	
	861,096.25	
1.611,096.25	
	843,283.75	
1,628,283.75	
	824.640.00	
1.649.640.00	
	805,()46.25	
1,670,()46.25	
	784,502.50	
1.694,502.50	
760,387.50	
1,715.387.50	
	735,080.00	
1,745,080.00	
	708,315.00	
t.TI3,3l5.00	
	680,092.50	
1,800,092.50	
	650,412.50	
l,835,412.50	
	619,0lO.00	
1,869,010.00	
	585,885.00	
1,900,885.00	
	551,037.50	
1,936,037.50	
	514,335.00	
1,979,335.00	
	475,512.50	
2,020,512.50	
	433,411.25	
2,063,	41	1.25	
	388,993.7:5	
2,108,993.75	
	342,123.75	
2,	162.123.75	
	292,528.75	

Annual

(l:)!Jt Service

1,687,503.69

2.455,021.25

2.454.465.00

2,452,821.25 2.454.981.25

2.450,945.00

2,454,173.75

2,454,380.00 2.452,923.75

2,454,686.25

2.454,548.75 2,454,890.00

2450.467.50 2453,395.00

2453.407.50

2,450,505.00

2,4:54,422.50

2,454,895.00 2,451,922.50

2,450,372.50

2,454,847.50

2,453,923.75 2452,405.00

2.451.l 17.50

2,454,652.50

Bond

Balance

36. 185,oo:J 36, 185,oo:J 36, 185,oo:J 35,6!0,0CO 35,61 0,oo:J 35,01 0,oo:J 35,0IO,oo:J 34,385,000 34,385,000 33,730, oo:J 33,730,000 33,050,000 33,050,000 32,335,COO 32,335,000 31,585,000 31,585,oo:J 30,800,oo:J 30,800, O(X} 29.975.oo:J 29,975,000 29,110,0()0 29,110,000 28,200,0(X} 28,200,oo:J 27,245.000 27,245,000 26,235,000 26,235,000 25,170,000 25, 170,oo:J 24,050,0(X} 24,050,00CI 22,865,oo:J 22,865,000 21,615,000 21.615,oo:J 20,300.000 20,300,000 18,915.000 18,915,000 17,450.000 17,450, ()OCI 15,905,000 15.905,()(X} 14,275,oo:J 14,275,000 12,555,000 12,555,000 10,735,000 10,735,000

Total

Bond Value

36,185,000 36. 185,000 36,185,000 35,610,000 35,610,000 35,010,000 35,010,000 34,385,000 34,385,000 33,730,000 33,730,000 33,050,000 33,050,000 32335.000 32,335,000 31,585,000 31,585,000 30,800,000 30,800,000 29.975,000 29.975,000 29,110,000 29,110,000 28,200,000 28.200,000 27.245.000 27.245,000 26,235,000 26,235,000 25,170,000 25,170,000 24,050,000 24,050,000 22,865,000 22,865,000 21.615,000 21,615,000 20,300,000 20,300,000 18,915,000 18,915,000 17,4:50,000 17,450,000 15,905,000 15,905,000 14,275,000 14,275,000 12,555,000 12,555,000 10,735,000 10,735,000

Period

Ending

05/01/2044 11/01/2044 05/01/2045 11/01/2045 05/01/2046 11/01/2046 05/01/2047 11/01/2047 05/01/2048 11/01/2048

Principal 1,920,000

2,030,000

2,140,000

2,260,000

2,385,000

36,185,000

Coupon

5.450%

5.450%

5.450%

5.450%

5.450%

Interest

292,528.75 240,208.75 240,208.75 184,891.25 184,891.25 126,576.25 126,576.25 64,991.25 64,991.25

36,643,537.44

Debi Service

2,212,528.75 240,208.75 2,270,208.75 184,891.25 2,324,891.25 126,576.25 2,386,576.25 64,991.25 2.449.991.25

72,828,537.44

Annual ll:)bt Service

2,452,737.50

2,455, I 00.00 2,451,467.50

2.451.567 .50

2,449.991.25 72,828,537.44

Bond	
Balance	
8,815,CXJO	
8,815,(X)O	
6,785,(X)O	
6,785,(X)O	
4,645,(X)O	
4,645,(X)O	
2,385,	0()0	
2,385,(X)O	

Total

Bond Value

8,815,000 8,815,000 6,785,000 6,785,000 4,645,000 4,645,000 2,385,000 2,385,000

LAKEWOOD RANCH STEWARDSHIP DISTRICT

Other Matters

(provided under separate cover)

LAKEWOOD RANCH STEWARDSHIP DISTRICT

Matters Relative to the Lakewood Sector Projects

Centre

&

NW

LAKEWOOD RANCH

STEWARDSHIP DISTRICT

Updated Amended and Restated Engineer'sReport

LAKEWOOD RANCH STEWARDSHIP DISTRICT AMENDED AND RESTATED MASTER ENGINEER'SREPORT FOR NORTHWEST QUADRANT AT LAKEWOOD RANCH INFRASTRUCTURE IMPROVEMENTS

Stantec

Prepared for:

Lakewood Ranch Stewardship Dist rict

14400 Covenan1 Way

Lakewood Ranch, FL 34240

Prepared by:

Stantec Consulling Services Inc. 6900 Professional Parkway East Sarosofo, FL 34240

November 6, 2018

LAKEWOOD RANCH STEWARDSHIP DISTRICT AMENDED AND RESTATED MASTER ENGINEER'SREPORT FOR NORTHWEST QUADRANT AT LAKEWOOD RANCH INFRASTRUCTURE IMPROVEMENTS

Table of Contents

I.	INTRODUCTION	1

II.	GENERAL DESCRIPTION ......	..	1

111 .	LAND USES	....	..	..	.. 2

IV.	PERMITS ..	..	..	,	..	..	.. 2

V.	INFRASTRUCTURE IMPROVEMENTS	..	..	3

VI.	SUMMARY AND CONCLUSION	..	.. 5

LIST OF TABLES

Table l

Tobie 2

Tobie 3

PROPOSED LAND USES	..	..	..	..	2

PERMITTING STATUS	6

PROPOSED IMPROVEMENT COSTS	...	..	8

EXHIBITS

LAKEWOOD CENTRE AND NO RTHWEST QUADRANT AT LAKEWOOD RANCH - LOCATION MAP

Stantec

yJ v:\2156\ ocllva \2 I$61010 I \ olvl\Jopo11\nw-qua<L•n~<pl..215612003\1pl_Jv,i.,c1jw cn~OJlYN!Uacl•ngspUr,h0·h'"1JtY_01>1-0,Uno)" I l_aog•I VO•• l,\Jlov--70lft.Jll0\.• ·~1010 I 107. doo<

LAKEWOOD RANCH STEWARDSH IP DISTRICT AMENDED AND RESTATED MASTER ENGINEER'SREPORT FOR NORTHWEST QUADRANT AT LAKEWOOD RANCH INFRASTRUCTURE IMPROVEMENTS

November,6. 2018

I.	INTRODUCTION

Lakewood Ranch is a master planned multi-use projec t located in Manatee and Sarasota Counties, Florida. Lakewood Ranch currently consists of six approved Developments of Regional Impact (DRI). namely Cypress Banks, University Lakes, University Pltace, Northwes Sector, Lakewood Centre, and the Villages of Lakewood Ranch South. Local Bill 1429 passed by the Florida Slate Legislature a nd signed by the Governor of the State of Florida on June 17, 2005 created the Lakewood Ranch Stewardship District (the "District"). Th e Northwest Sector and Lakewood Centre (the "Project") are within the District and more specifically generally located north of State Road 70 and east of Lakewood Ra nch Boulevard. It is the purpose of this report to provide a descrip tion of the Project and the proposed capital improvements to serve it. Exhibit 1 delineates the boundaries of the Project with on area consisting of approximately 2,360 Acres.

II.	GENERAL DESCRIPTION

The terrain within the District is gently rolling, with eleva tions within the Project ranging from elevation 24 feet to 46 feet NGVD. Soils generally consist of fine sands and shell typical for Manatee County. The primary soil type within the Project boundary is EauGollie tine sand (#20). Other soil types at the site include Floridana-lmmokalee-Okeelanta Association (-#26), Palmetto Sand (#38), Wabasso fine sand (#48), Canova, Anclote a nd Okeelanta soils (t/:7), Delray complex (# 16). Cassia fine sand (#1 1), Ona fine sand (U35), Myakka fine sand O to 2 percent slopes (#30), Pinellas fi ne sand (#40) and Broward Variant fine sand (#6). Groundwater generally is located one to two feet below natural grade duri ng the rainy season. Annual fluc tuations may reach three to four feet. A series of lakes and control structures ore pla nned to control stormwater discharge. Southwest Florida Water Management District (SWFWMD) and Mana tee County d esig n criteria will be utilized for design of a ll water management facilities within the District.

The two major roadways serving the Project will be Lakewood Ranch Boulevard a nd State Road 70. Within the Project, there are additional planned major access ways, namely 441h Avenue East, Rangeland Parkway, Malachite Drive and White Eagle Boulevard.

Potable water and sanitary sewer service will be provided by Manatee County. Non-potable water will be provided by Braden River Utilities.

Stantec

LAKEWOOD RANCH STEWARDSHIP DISTRICT AMENDED AND RESTATED MASTER ENGINEER'SREPORT FOR NORTHWEST QUADRANT AT LAKEWOOD RANCH INFRASTRUCTURE IMPROVEMENTS

November,6, 2018

Ill.	LAND USES

Land uses within the Project will include (but not be limited to):

a)	Open space and preservation areas

b)	Recreation (i.e., parks, trails, etc.)

c )  Commercia l and Mixed Use

d)	Residential (single family and multiple fa mily)

Table 1 summarizes proposed land uses.

TABLE 1

PROPOSED LAND USES

DESCRIPTION	APP~OXIMATE AREA {AC)		
Residential	983		
Mixed use (retail, office, etc .)	352		
Recreation, open space, preserve, water managemenl	1,025		
facility, lakes & drainage			
Total	2,360		

Note:  Acreages are approximate a nd will be determined at final platting .

IV.	PERMITS

Permits for si te construction are required prior to the start of infrastructure construction. These permits typically include the following:

•	State of Florida Departmenl of Commuityn Affairs Developmet'] of Regional Impact (DRI) approval
•	Local Zoning approval

•	SWFWMD for Surface Wal er and Consumptive Use (''SWFWMD")

•	Manalee County Final Site Plan ("FSP")

•	Manatee County Construc tion Plans (" Const")

•	Manatee County Health Deportment for Water Distribution ("FHD - Water")

•	Florida Department of Environmental Protec lion for Sanitary Sewage Colleclion

	("FDEP - WW")
•	CU.S. Army  orps of Engineers (''USACE")

Table 2 summarizes permitting status to date.

Stantec

LAKEWOOD RANCH STEWARDSHIP DISTRICT AMENDED AND RESTATED MASTER ENGINEER 'SREPORT FOR NORTHWEST QUADRANT AT LAKEWOOD RANCH INFRASTRUCTURE IMPROVEMENTS

November,6, 20 18

V.	INFRASTRUCTURE IMPROVEMENTS

A.	Previously Constructed Infrastructure Improvements

	There have been various infrastructure improvements constructed in the Northwest Quadrant at Lakewood Ranch. These improvements were financed with previous bond proceeds and were constructed consistent with the facilities detailed in the Engineer's Report updated in November. 2014. These improvements consist of utilities, stormwater management/ drainage, landscaping and hardscape features, and roadways.

B.	Proposed Infrastructure Improvements

	Proposed improvements for the Project will consist of a drainage system and stormwdter management system (i.e. pipes, lakes, control struc tures, etc .) ,

landscaping. lighting, recreation (i.e. parks, trails, etc.), decorative walls, fences, p otable water systems, sanitary sewer sys tems, and irrigation facilities. Of these fac ilities, the District will own and operate/maintain the stormwater management sys tem, irrigation system. a nd portions of the la ndscdping within the roadway sys tem. Some roadwdy lighting may be owned and operated by the District. Portions of the internal roadways, commercial/office, mixed use and multi-family will be privately owned and. therefore, will not be funded by the Distric t. Most of the potable water system and the sanitary sewer system will be owned a nd operated/maintained by Manatee County, with lesser portions being owned and operated/maintained by the District. Dis trict funded improvements ore further described in the following sections.

I .   Roadways

Th ere are roadways that may require improvement in order to serve the Project. Improvements may inc lude new roadways, street lighting, expansion of existing roadways, intersection improvements, etc. Th ese improvements will be assigned to the Project on a pro-rota basis consistent with the benefit received.

2.	Utilities

	The District will construct the potable water, sanitary sewer and irrigation systems necessary to support the Project's residents a nd other activities. Potable water, sanitary sewer and irrigation will be constructed to Manatee County standards. Utilities may include offsite systems (i.e., off'Sit e force main to a wastewater trea tment plant) or onsite systems construc ted as part of a major roadway or subdivision.

Stantec

LAKEWOOD RANCH STEWARDSHIP DISTRICT AMENDED AND RESTAT ED MASTER ENGINEER'SREPORT FOR NORTHWEST QUADRANT AT LAKEWOOD RANCH INFRASTRUCTURE IMPROVEM ENTS

Novernber,6, 2018

3.	Water Management/ Drainage

	The stormwoter mqnagernent system will be comprised of excavated stormwater management ponds as well as above ground and below-ground collection sys tems to transport the stormwater to the appropriate stormwoter ponds for treatment and attenuation. A portion of the Project is located in the Evers Reservoir Watershed, in which Manatee County requires an additional 50% beyond the standard trea1me nt volume criteria . Stormwater treatment will occur by the Biological Filtration Process. The filtra tion system consists of construc ted littoral shelves in the appropl'iate stormwater ponds. These littoral

shelves wille be plant  d with wetland plants to create the fil tra tion process.

Run-off attenuation also occurs in the stormwoter ponds. The Water Management District requirements mandate that the pre-development peak rates of runoff be maintained during the post development phase. Foareas within the Evers Reservoir Watershed, Manatee County requires an additional attenuation. 75% of the pre-development peak rates of runoff are allowed. For areas within the Mill Creek Basin, Manatee County also requires an additional attenuation, 50% of the pre-development peak rates of runoff are a llowed . The design storm event is the 25-year, 24-hour storm.

Minimum residential finished floor elevations as well as minimum roadway elevations will be set per Manatee County requirements. These requirements are established to minimize road flooding during the critical storm event and to prevent flooding during the 100~year design storm.

Portions of the Project lie within the FEMA 100-year floodplain. As a result, there is the possibility of floodplain lakes within the Project to mitigate a ny impacts. All floodplain impact mitigation will be d esig ned per SWFWMD and Manatee County criteria.

4.	Landscaping and Entry Features

	Landscaping and entry features will be an integral part of the Project's infrastructure. Development areas a nd various neighborhoods will have entry features and various hcrdscape features designed to provide a distinctive look to the community.

5.	Recreation

	Recreation facilities including trails. parks, etc . may be construc ted within the project.

Table 3 summarizes improvement costs.

Stantec

LAKEWOOD RANCH STEWARDSHIP DISTRICT AMENDED AND RESTATED MASTER ENGINEER'SREPORT FOR NORTHWEST QUADRANT AT LAKEWOOD RANCH INFRASTRUCTURE IMPROVEMENTS

November,6, 2018

VI.	SUMMARY AND CONCLUSION

The Project as outlined is necessary for the functional development of the Project. The Project is being designed in accordance with curren t governmental regulatory requirements. The Project will serve its intended function so long as the construction is in substantial compliance with the design. Items of construction for the Project are based upon current development plans.

It is our professional opinion that tl,e infrastructure costs provided herein for the District improvements for the Project are reasonable to complete the construction of the infrastructure described herein and that these infrastructure improvements will benefit and odd value to the Distric t. These estimated costs are based upon prices currently being experienced for similar items of work in Southwest Florida and expected inflation in the future. Actual costs may vary based on final engineering 1 planning and approvals from regulatory agencies.

1 Stantec

LAKEWOOD RANCH STEWARDSHIP DISTRICT AMENDED AND RESTATED MASTER ENGINEER'S REPORT FOR NORTHWEST QUADRANT AT LAKEWOOD RANCH INFRASTRUCTURE IMPROVEMENTS

TABLE 2

PERMITTING STATUS

PROJ ECT NAME

Pope Road - SR 70 to Cer,1er Ice Pkv,y

Pc;,e Roed - Center Ice ?""'Yta M>na """1h Enlrance

Pope Road -  S1a:e Read 70 lruersec&>n

Centar Ice Pkwy - Lake\Yood Ranch BIYd ll> Road a

(:AJl~r Ice P',r,,y-  Road B to Pope Road

Cen:ta!Pa(~

Mala<n1e -  Phase I -  la.."""""3 Rarrn Blw eo Cennal Park

44" Avenue -  Lakewood Ranctl 8!Vd 10 f'cpec Road

f"'P'!R= Mastet Pump Stalion

Force INl!n -  44'" AVenue (e.stot Lal<ew<>od Ranch 81\llil & ?Qpe Road
(All!na ncnll to 44& Meooe)

force man from U!ireW0l>!I Ranen Blvd to Was.ewater ?lam

Rit<e<Pa:::el

Esplamde _ f'has.e I

Esplaf\2de Phase 2

Esplana<!eC-ottCoorse

Esplanade Pnase 3 -  Pan:e!5

Stantec

FSP

A

8/19/2004

?DMLJ.04-03/FSP--04-55

A

8/191200<i

PDMIJ-04-031FSP..Q4.o5

A

811!!.'20'.)4

POMU-0(--03Jl'SP-04-55

A

81'1!!/2004

FDMIJ.-04-03ll'SP-OL-So

A

8/19120(),,I

PDMlJ.04-03/FSJ>-04-&5

A

12J912010 FSP-Of,.149(R4l

A

121!!/2010 FSP-Of>.149IR4\

A
S/2..5/2006

FSP-06-01

NIA

NIA

NIA

A

7/18/201" POR-13-39/FSl'- 13-69

A
9/0612011

POMU-06-19/FSP·11-34

A

12117f20c1 2

PDMU-05-19/FSP-12-35

NIA

A

6114/2013 POt,IU-OS...12/FSP-13-13

COl'lSTRUCTION	SWFWhID	
A	A	
B11812004	3l22/2005	
PDMU-04-03/FS!i	44016003.005	
A	A	
8118/2004	3/22/2005	
POw.lJJJ4.03/FSP-04-55	44016003.D05	
A	A	
8/18/2004	1/12/2005	
PC-MLJ-04.03JFS~	44025920.Qnd	
A	A	
8/18/2004	3/22/2005	
PDMlJ.04-03/FSP-04-55	44016003.005	
A	A	
B/18/2004	3/22J2005	
POMU-0:-03/FSP-04.,55	#016003.005	
A	A	
12/13/2010	12/24/200B	
FSP.0.S.1491'>41	044031no.001	
A	A	
12/13/2010	12/24'2008	
FSP-Os.14<>11>4\	04l.03l726.001	
A	A	
7/31/2006	7'31/2006	
FSP-06-41	430'1.71fflJ:XJ2	
A	A	
9123l2005	711'112005	
PDMIJ.92-01/9B-S.ce	4027767.001	
A	A	
~/'22/2005	7122/2005	
PDMIJ . 92~~	44027767. 001	
A	A	
9/23/2005	10/22/2004	
POMU-92-01J93.5-ll9	470277fi7.000	
A	A	
7121/2014	7/03l201"	
PDR-13-39/FSP-13-69	4304171!7.000	
A	A	
!012212D13	1W1Ul2012	
PDMU-05-1 !!IFSP-11-84	t4003052-207	
A	A	
12/17/2012	10110/2012	
PDMU-05-19f'SP-12-35	44003052.208	
A	A	
5.'1712013	8123/2013	
f'OMU-05-10/FSP.12-35	44003052.217	
A	A	
4/30l2014	6/17/2013	
PDMU-05-19/rSP-13-1;!$	43003052.214	

FDEP- WW

A

11N!l/2004 CS41-0182618-147

A

1111!ll2004 CS4l-0182516-147

A

11/1~ CS.<11.018?.518-147

A

11/H!/2004-CS41-0182518-1<:7

A

11119/2004

CS41.0182518-147

A

1211'2010 CS4\-018251s.3115

A

12/112010 CS41-018251a.-305

A 8/2/2006
CS41-0182S18-2'5

A

111'18/2005

C5<t 1-0182518-220

A

11/18/2005 CS41..0182518-220

A

7/18/2005 CS4U)182518-208

A

CS.:1-0182516-42\-
OWC/C)A

A
12112'2011

CS41-0182518-357-
DWCICM

A

01111/2013 CSt1-0192518-38-!-

CY,'C,C\ 1

A

417t2rni.

CS41..0182518-399-

D'v\"CJCM

A

9/0.12013

CS41-0182518-3».
OWCJCM

FDH-WATER

A 8131/2004

0133068..571-0S-C

A

8/3112004

0133066-571-0S-C

A

8131f200/. ot33!l68-671-0S-C

A

8/31/2004 01S3066'571-0S-C

A

8/31/2004 0133C68-571-0S-C

A

11110/2010 01331J68.5B2 DSG?

A

11f1Cl/2010 0133068-862 DSGP

A
B/30l2006
0133066-747 os-c

NIA

NIA

NIA

A
7117/2014

0133063-1078-OSGP..:>2

A

09/20/2011 0133068-97:.0SGP

A asmt.2013
O133068-101 ~

A
( /8/2014

0133C&.1-<1040-

OSG?ftJ2

A

9"612013 0133068-1040-
OSGPJ02

USACE

A
6/2/2005
~ ..	,	1-W-MGH\
A

6/2/2005

SAJ-211(}~-'-"""'l,W-MGHl

A

5rd2005

SAJ.2004-58261N'N-MGH•

A

6l212005
SAJ.2~NW4.lGHI

A

6l2l2005 5,0.J.""""--"""'1NW-MGH\

NJA

NIA

NIA

NIA

WA

NIA

NIA

A

08/01/2011 SAJ-2011-00166-lP-MGH

NIA

NIA

NIA

"')..-\21.s&\=~'"\215610l01\d,J\/e,,olf\~~Ul.s612r.lJ\rpljN-AdJ;,-=t<\.flW'<lucd_.,,JM>Ul~v-CJ)t(lo_mcy-1J_o-.-o-1•~1• .. , . -ro1e_n-c~v-~1a1101.doo	b

LAKEWOOD RANCH STEWARDSHIP DISTRICT AMENDED AND RESTATED MASTER ENGINEER'SREPORT FOR NORTHWEST QUADRANT AT
LAKEWOOD RANCH----· INFRASTRUCTURE-·	IMPROVEMENTS-------							
-·-~	--						USACE		
	PROJECT NAME	FSP	CONSTRUCT}ON	SWFWMD	FDEP-WW	FOH-WATER			
			A	A	A	A			
		NIA			1/26/2013	12/21/2012	NJA		
Pop& Road and 11.alac:hit~ Drive Pnase II		3/11/2014	4117/2012					
				CS41-01825111-S81-	0133068-1012•			
			PDMU--05-1e/FSP-12-35	44000052.205					
					Cl'M;/Cl_	OSGP,1()2			
									
			A	A	A	A			
					6161'20,3		NIA		
Rang.iand Parl<way Extensi011	NIA	5,m/2013	4/3al2013		B/1212013			
				CS41-0182518-391-				
			PD.\IU-05-19J'FSP-12-12	44003052.215		01 33C68-1026-DSIC			
					DWCICL				
									
Kent l.alces/ Littor.11 Channel -		04/'25/2013	610212011-			10/25/2013		
	NIA		.d/02/2!)13	NIA	NIA			
Fnasel			PDMU-OS.19/FSP-11-a4				Tcling Agreemenl		
				~9003052. 195-202					
									
		12121/.2012	4/.2<12013	4Al2/2013	513112.013	5120/.2013	NIA		
E.!gle Trace Pna~  1 & 2				CS41-0182518-389-	0 1330c8-1024-0SGP-			
	PDMtJ--05-09/FSP~149	P~-07-06/FSP-12-24	43041071.000					
					GWCICMTBf	02			
									
		1/06/201~	1Rl9/2()14	11/20/2013	7J!l3/2014	NJA	NIA		
E~gleTrace-Riase 3				C$41-01S::>5 18-419-				
	POR-07-CEIFS!'- 13-09	PDR-07- 06/fS?-13-09	43041071.001					
					DIM'.:.CM				
									
R•r¢nd Pkv,y (3.961' 'Nest cl ln!er~on tc IA<raine Rd)	NIA.	Pencing	05129/2018	P~ing	Pe:lling	NIA		
		PLN1805-0026						
									
			04/26/2017	GS/10/2017	05i03/'2017	Osm/2017	06.'06/2017		
L2xewood Centre CORE..	NIA			CS41-1!!2518-519-				
		DTS 2016 0496 (ME?S-303)	430429n.ooo		133063-1210-0SGP/02	SAJ-2008-0429"4-CMW		
					OWCJCM				

FOOT Drainage Comeaion Permit~ Ul/24/2017 N~.: 2016-0-194-033

FOOT Drtv~ Conne,.t:an P;,mi1 Approlled 10/24/2017 NI).: 2016-A-194-lld5 rooT u~ r ermt Awov.a t0!2o.'20!7 No-: 2013-H-l-114 101

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LAKEWOOD RANCH STEWARDSHIP DISTRICT AMENDED AND RESTATED MASTER ENGINEER'S REPORT FOR NORTHWEST QUADRANT AT LAKEWOOD RANCH INFRASTRUCTURE IMPROVEMENTS

TABLE 3

SUMMARY OF PROPOSED MASTER lMPROVEM ENT COSTS

		DISTRICT FUNDED	LANDOWNER FUNDED	SUBTOTALS		
ITEM	DESCRIPTION	PREVIOUSLY	FUTURE	PREVIOUSLY	FUTURE	PREVIOUSLY	FUTURE		
		CONSTRUCTED	CONSTRUCTION	CONSTRUCTED	CONSTRUCTION	CONSTRUCTED	CONSTRUCTION   GRAND TOTALS		

	Roadways	$	9,501 ,974	$	5,514,114	$ 28,723,467	$1,218,386	S 38,225,441	$	6 ,732,500	$44,957,941	
2.	Utilities	$11,765,155	$	1,749,303	$	6,799,795	$	386,522	$ 18,564,950	$  2 ,135,-825	$20,700.775	
3.	Water Management/ Drainage	S	1,813,795	$	979.764		--0--	s	216,486	$	1,813,795	S	1,196,250	S	3,010,045	
4.	Landscaping and Entry Features	$	2 ,309,042	$	1,743,303		-0-	$	385,197	$	2,309,042	S	2 ,128,500	S	4,437,542	
5.	Recreation		-0-		-0-	s	928,436	$1 ,000,000	s	928,436	$	1,000,000	$	1.928.436	
6.	Consultants/Contingencies/Other	S	5,404,231	$	1,352,332		·0-	$	298,808	$	5.404,231	$	1,651,140	$	7,055,371	
	TOTAL	S 30,794,1 97	$	11 ,338,815	$ 36,451 ,698	$3, 505,400	$ 67,245,895	$14,844,215	S 82,090,110	

NOTE l:   All costs are approximate and are subject to change based upon actual bid prices.

Stantec

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EXHIBIT

1

LOCATION

MAP

Jun  26,

2006

-

15:53:55

AOLIMPIYIX:\ENG\04333\018\REV00\04333-018001.dwg

LAKEWOOD RANCH STEWARDSHIP DISTRICT

Amended and Restated Master Assessment

Methodology Report

AMENDED AND RESTATED MASTER ASSESSMENT METHODOLOGY REPORT LAKEWOOD RANCH STEWARDSHIP DISTRICT LAKEWOOD CENTRE AND NORTHWEST SECTOR

December

7,	2018	

Prepared

for

Board

of

Supervisors

Lakewood

Ranch

Stewardship District

Prepared by

Fishkind

&

Associates,

Inc.

12051 Corporate Boulevard

Orlando, Florida 32817

407

-382-3256

Amended and Restate Master Assessment Report Lakewood Centre and NW Sector

Amended and Restated Master Assessment Methodology Report

Lakewood Ranch Stewardship District Lakewood Centre and Northwest

Sector

1.0	Background

The Lakewood Ranch Stewardship		District ("District") was created on June		
						approximately	23,255  acres  in		
17,  2005.   The	District  encompasses					
Manatee and Sarasota Counties.		The District has commenced its capital		
										Centre and the  Northwest		
improvement plan  ("CIP") for the Lakewood			
				2006  Bond		
Sector funded  from  the  proceeds  of the	District's Series			
Anticipation Notes, Series 2011 Bond Anticipation Notes,	and	contributions		
by the  Landowner (SMR  North 70,  LLC).		Lakewood	Centre  and	the		
Northwest Sector together comprise approximately 2,360 gross acres. This		
area is being improved at this time.		Table 1	and the District Engineer's		
report of November 6,	2018 (the		"District	Engineer'sReport") provide a		
													
description of the area	and a location	map.										
															
This master assessment report provides	a methodology to allocate the debt		
				in		the Lakewood Centre and		
over the approximately 2,360 gross acres					
Northwest Sector that will receive a special benefit from the proposed	CIP		
installed in the Lakewood Center	and	Northwest Sector ("CIP Areas").	It is		
the District'sdebt-funded capital infrastructure improvements that will allow		
the development of property in the	District.	By making development of		
property within the CIP Areas possible,	the District creates benefits to these		
													
properties.																				
The methodology described here allocates the District'sdebt to properties		
("Properties") based upon the benefits each receives from the infrastructure		
program.  In this case the properties	receiving benefit are some 2,360 acres		
of land within the Lakewood Centre and Northwest Sector portion of the		
District.  This report is designed to	conform	to the requirements of Chapters		
170, F.S. with respect to special assessments	and is consistent with our		
							
understanding of the case law on	this subject.								
This report amends and replaces	our prior report, "Amended and Restated		
Master Assessment Methodology Report Lakewood Ranch Stewardship		
District Lakewood Centre and Northwest Sector" dated November 12, 2014		
("Prior Report").	There are two reasons	for this amended report:	(1)	the		
									(2)	cost		
land use plan for the benefitting	area has changed materially and				
						CIP		are  now known	with	greater		
estimates for the  completion  of the							
accuracy.																				

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1.2	Land Use Plan for the Lakewood Centre and Northwest Sector Development

	The Lakewood Centre and Northwest Sector are located on the north side of SR-70 and east of 1-75. The land use plan for these two areas is summc1rized in Table 1 below.

Table 1: Land Use Plan for Total Acres in the Lakewood Centre and Northwest Sector Lakewood Ranch Stewardship District

Land Use	Volume	Acres	
SF 36-45'Wide	496	121 .21	
SF 46-55'Wide	641	193.11	
SF 56-65'Wide	372	115.87	
SF 66-75'Wide	519	204.88	
Subtotal SF Standard Units	2,028		
SF 45'	186	73.09	
SF 52'	143	83.88	
SF 62'	63	39.03	
Condominiums	68	26.40	
Subtotal SF Age Restricted Units	460		
Coach Homes/ TH	766	89,00	
Condominiums	0	0	
Assisted living Facility	117	4.68	
Rental Apartments	1,015	32.32	
Retail SF	367,500	204.71	
Office SF	2,457,500	147.07	
Recreation/open space		1,024.75	
		----	
		------------	
Total		2,360.00	

Source: the Landowner

The proposed development program for the CIP Areas consist of approximately 2,488 single-family homes, 1,898 multifamily units, 367,500 square feet of commercial retail space, and 2,457,500 square feet of office space.

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Based on the	conditions  contained	in  the Development	Orders for the		
Lakewood Centre	and for the Northwest	Sector, all of the proposed land		
				The Landowner intends to		
uses described	in	Table 1 are fully entitled.				
develop Lakewood Centre and	the Northwest Sector over time based on		
market conditions.														
At the outset, the CIP is based	on	the projected	land uses the Landowner		
plans for the		lands comprising	the  CIP Areas  (as shown  in  Table  1).		
				of	land along with their development		
However,  until	either:  (a)	parcels				
												
entitlements are sold by the Landowner or (b) plats are filed, the precise		
land  uses  are  unknown.   Therefore,  the  District  initially  will  impose		
assessments	("Assessments")	on	a	per	acre basis on	the  unsold  and		
unplatted property within the CIP	Areas based	on the land use plan outlined		
in Table 1 (or in	any updates issued from time to time), and on any sold or		
platted  property	in  accordance	with  its  actual  land  use  or contractual		
								from the Landowner.		
entitlement as	transferred to the new landowner			
						
The numerical	analysis provided	below	is illustrative of the assessment		
methodology.		Since actual costs may vary from the estimates, the actual		
figures  may	change  as	information	becomes	available.	However,  the		
					at this time.			
information provided here	is the best available				
								
However, there is	one important proviso. The debt per acre on the property		
that remains unplatted in	each of the Districts		is	not allowed to increase		
above its Ceiling Amount.  The Ceiling Amount	is	set whenever the District		
issues debt.	It is	calculated by	dividing the unplatted acres in the District		
into the debt allocated to	the unplatted land.	In	addition, this requirement		
will be tested at four intervals based upon the percentage of total acres that		
are developed. The intervals are at 25%, 50%, 75% and 100% of the gross		
acres.																	

1.3	Requirements of a Valid Assessment Methodology

	Valid special assessments under Florida law require two things. First, the properties assessed must receive a special benefit from the improvements paid for via the assessments that exceeds the burden of the debt placed upon them. Second, the assessments must be fairly and reasonably allocated to the properties being assessed.

KIND

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Amended and Restate Master Assessment Report Lakewood Centre and NW Sector

If these two characteristics of valid special assessments are adhered to,		
Florida law provides wide latitude to legislative bodies, such as the District's		
Board of Supervisors in approving	special assessments.  Indeed, Florida		
		perfection is probably impossible,	but		
courts have found that mathematical				
				
if reasonable people disagree the assessment will be upheld.  Only if the		
Board was to act in an arbitrary,	capricious or grossly unfair fashion would		
						
its assessment methods be overturned.			

1.4	Special Benefits and General Benefits

New capital Infrastructure improvements	included in the CIP create both:		
	(2) general benefits	to properties		
(1) special benefits to the GIP Areas	and				
outside the combined	GIP area.	However,	as discussed	below, these		
							from		
general benefits are incidental in nature and are readily distinguishable			
		in		
the special benefits which accrue to the	GIP Areas.  The GIP described			
the District Engineer's Report enables	the	GIP Areas to	be developed.		
						to support development of		
Without the CIP there would be no infrastructure			
							
the GIP Areas.																
There is no doubt that the general public,	and	property owners outside the		
GIP area, will benefit from the provision	of the GIP. However, these benefits		
					solely to meet the needs of the		
are incidental to the GIP, which is	designed				
											
GIP Areas.  Lands outside the GIP Areas, including in the benefiting area,		
do not depend upon the CIP to obtain, or to maintain, their development		
entitlements. This fact alone clearly distinguishes the special benefits which		
developable property in the GIP	Areas receives compared to those lying		
outside of the boundaries of the GIP	Areas.										
Finally, as described below the estimated	cost of the GIP	is	$82,090,110		
					finance the GIP		
which includes an allowance for inflation.	The total cost to			
is $95,995,000 prior to	contributions	as discussed herein.  Therefore, the		
				$40,676 on a debt financed basis		
cost per gross acre in	the CIP Areas is			
prior to any landowner contributions.  The Financial Advisor estimates that		
the installation of the infrastructure will generate benefits well in excess of		
this cost by boosting the market value of the now undeveloped property well		
above $100,000 per gross acre.															

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2.0	Assessment Methodology

2.1

Overview

2.2

The assessment methodology	is a process by which the District will allocate		
the costs associated with its improvement program to properties within the		
CIP Areas of the District benefiting from the improvements.  The allocation		
is based upon the benefits that each property receives.  At the outset, the		
District has based its CIP	on the projected land uses the Landowner plans		
for the Lakewood Centre	and	Northwest Sector portions of the District	as		
outlined in Table 1.							
The District'sCapital Improvement Plan for the Assessment	Areas and	the		
					
District Engineer'sEstimate of Cost					
Based upon the projected  land use plan for the Lakewood Centre and		
Northwest Sector created	by	the Landowner summarized in Table 1,		the		
District Engineer has developed the CIP for the Lakewood Center	and		
Northwest Sector.  The CIP is	composed of a portion that is funded by the		
Landowner and a portion that	is funded by the District.  The cost estimates		
are summarized in Table 2 below.					
The Engineer now estimates	a total project cost of $82,090,110 which		
includes an allowance for inflation.  These exclude financing costs	and		
interest expenses.  The costs are lower than previously estimated primarily		
because of a better understanding of the roadway system needed to satisfy		
the  concurrency  requirements for the  full  entitlement of the  benefiting		
properties.							

[The balance of this page left blank intentionally.]

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Table 2: District Engineer'sEstimated Costs for

The District'sCapital Improvement Program for the

Lakewood Centre and Northwest Sector of the District

	District Funded	2011 Project	2018 Project	Total CIP		
	With Bonds			$15,016,088		
	Roads	$9,501,974	$5,514,114			
	Utilities	$11)65,155	$1 ,749,303	$13,514,458		
Mgt	Water	$1 ,813,795	$979,764	$2,793,559		
	Landscape	$2,309,042	$1 ,743,303	$4,052,345		
	Recreation	$0	$0	$0		
	Consultant/	$5,404,231	$1 ,352,332	$6,756,563		
	Other	------	-----------------	-  ----		
						
		---------		-- ·------		
	TOTAL	$30,794,197	$11,338,815	$42,133,012		
	Landowner	2011 Project	2018 Project	Total		
	Roads	$28,723,467	$1 ,218,386	$29,941,853		
	Utilities	$6,799,795	$386,522	$7,186,317		
	Water Mgt	$0	$216,486	$216,486		
	Landscape	$0	$385,197	$385,197		
	Recreation	$928,436	$1 ,000,000	$1,928,436		
	Consultant /	$0	$298,808	$298,808		
	Other	---	---------	-----------		
						
		---------	--  ---	$39,957,098		
			$3,505,400			
	TOTAL	$36,451,698				
	Total CIP	2011 Project	2018 Project	Total		
	Roads	$38,225,441	$6,732,500	$44,957,941		
	Utilities	$18,564,950	$2,135,825	$20,700,775		
Mgt	Water	$1,813,795	$1 ,196,250	$3,010,045		
	Landscape	$2,309,042	$2,128,500	$4,437,542		
	Recreation	$928,436	$1 ,000,000	$1 ,928,436		
	Consultant/	$5,404,231	$1 ,651 ,140	$7,055,371		
	Other	------------	----------	---------		
						
	TOTAL	$67,245,895	$14,844,215	$82,090,110		

Source: Stantec (November 2018), "Amended and Restated Master Engineer's Report for Northwest Quadrant at Lakewood Ranch Infrastructure Improvements"

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Amended and Restate Master Assessment Report Lakewood Centre and NW Sector

Based on the District Engineer'sestimated cost for the CIP Areas, the District'sFinancial Advisor designed a financing program to provide the construction funds needed for the CIP. Table 3 provides a summary of the financing program with bonds totaling $95,995,000 to fund the CIP.

Table 3: Estimated Size of the Bonds for the Lakewood Centre Northwest Sector of the District

Category	Amount	
Construction Fund	$82,090,1 10	
Debt Service Reserve Fund	$7,351 ,052	
Capitalized Interest Fund	$3,983,771	
Underwriter'sDiscount	$1,919,900	
Cost of Issuance	$650,1 67	
Rounding	$0	
	-------------	
Total Bonds	$95,995,000	

The estimated construction fund is for the CIP benefiting the combined projected land use plan for both the Lakewood Centre and Northwest Centre, as identified by the District Engineer. The debt service reserve account is set initially at the lesser of maximum annual debt service, 10% of the proceeds of the bonds, or 125% of average annual debt service. The bond sizing includes capitalized interest. This provides sufficient time for the District to complete the improvements contemplated in the CIP.

We estimated the underwriter's discount at 2%. This allowance pays the underwriter for taking the risks involved in purchasing the District'sbonds. The cost of issuance pays for the trustee, financial advisor, district counsel and other costs associated with issuing the District'sbonds.

2.3	Allocation to Benefiting Properties - The Master Methodology

	The discussion offered below illustrates the process by which this report will allocate Assessments levied to pay indebtedness incurred to support the

CIP. As described above, until such time as either: (a) properties are sold along with their entitlements or (b) plats are recorded, the specific land uses in the District are not known with certainty. Therefore, at the outset, the debt is allocated on an acreage basis across all benefited acres in the Districts. As the sale and platting process unfolds, the District will more finely articulate the allocation of debt to benefiting properties based on their land uses.

As noted above, as long as two basic prin ciples are adhered to, Florida law allows the Board of the District great latideterminingudi the appropriate

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Amended and Restate Master Assessment Report Lakewood Centre and NW Sector

methodology to allocate the costs of the CIP to benefiting properties within the Lakewood Centre and Northwest Sector. The two principals are: (1) the properties being assessed must receive a special benefit from the CIP and

(2) the assessments allocated to each property must be fairly and reasonably apportioned among the benefiting properties. In allocating special assessment costs to benefiting property Florida governments have used a variety of methods including, but not limited to, front footage, area, trip rates, equivalent residential units, dwelling units, acreage, and value.

The District is similar in many ways to other Florida community development districts in that the CIP anticipates constructing both infrastructure and amenities. Table 2 provided the District Engineer'sactual and estimated costs for the CIP Areas. Based upon the District Engineer's costs and analysis of the physical properties of the CIP, we have categorized the benefits flowing from the CIP in Table 4. There are four categories of the CIP benefiting all properties in the Districts: (a) roads, (b) water management and drainage facilities, (c) utilities, and (d) all other infrastructure.

Table 4: Categories of Lakewood Centre and Northwest Sector Capital Improvement Program Benefit Allocation Methods

Infrastructure Type	Allocation Method	
Roads	Trip generation	
Water Mahagement/ Drainage	Weighted acres	
Utilities	Equivalent unit	
All Other Infrastructure	Equivalent unit	

First, roads are designed to accommodate the estimated traffic generated by the land use program for the development. Therefore, it is reasonable to allocate the costs for this class nof i frastructure on the basis of trips generated by each land use. Trip generation rates for each type of land use are available from the Institute of Traffic Engineers ("ITE")1 and were used here with the following modifications.

The planned CIP area is designed as an integrated community providing

eam nities, shopping and workplaces to serve its residents. As a result, many of the trips generated within the community are captured by the commercial development and the offices located in the CIP area. Therefore, it is necessary to account for these nti ernally captured trips, or the trip volumes will be overstated .

The entire CIP area of the District is fully entitled. A detailed traffic analysis edwas includ in the documentation filed in support of the entitlements. The

1 Institute of Traffic Engineers (2010) T ri p Generation 8th Edition, Washington, D.C.

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analysis typically shows that between	20% and 66%	of	all trips are captured		
internally.  The internal capture ratios vary by land use type and by project		
phase. The Financial Advisor has determined that based	on	this information		
it is necessary and equitable	to reduce the trip rates for the retail and office		
land uses from their standard ITE rates.  The retail trip rate was reduced by		
80%, and the office trip rate was reduced by 50%.	2											
												
Second, the CIP include the combined water management and drainage		
systems for the CIP Areas.  The benefits from this system  relate to its		
capacity to protect the properties from flooding.  The more stormwater run		
off a land use generates the more benefit it receives from the stormwater		
management  system.		Every		land		use	type	has	a	particular	run  off		
coefficient measuring its average	run off volume.	In	addition,	each land use		

category has a specific acreage.																				
Third, the CIP includes	utilities consisting	of water	transmission lines and		
										lines are		
					on and off-site. The utility system			
wastewater collection lines both				
sized  to  accommodate		all	of		the	demands  on	the  system  based  on		
												was								used		
																						
estimated usage. The Equivalent Residential Unit (ERU) method				
to measure the benefits from the utility system lines.	A standard single-		
family unit was used as the standard	of	measurement.	An age-restricted		
single-family unit has a lower household size and uses less utility service		
than a standard single-family unit.  A multifamily unit demands roughly half		
of the resources of a single-family	unit, because the number	of bathrooms		
							
per dwelling unit is smaller and irrigation demands per unit are much lower.		
Rental apartments have lower average household sizes compared to for		
			less					on	the utility system.	Retail users		
sale multifamily units puttingdemand																		of use		
were allocated 1 ERU per 2,000 square feet reflecting the intensity			
for retail land uses.  Offices were allocated	1 ERU per 3,000 square feet		
making this category roughly equal to the average square	feet	in	a single-		
family home.  Each hotel room was allocated	½	ERU per room on the basis		
														
of the intensity of use for a hotel.																			
Finally, all other infrastructure	consists of landscaping,	entry features and		
										
other costs including consultants, contingencies and other miscellaneous		
construction costs. The benefits from these facilities are most equitably		
allocated on the basis of	ERUs.																				

2	The exact internal capture rates in		
			
of this methodology it is equitable to		
the Districts'roadway systems.  The		
office land uses.		

the DR ls are provided to all land apply them only to the retail and residential trips would exist with

use types, for the purposes office which reduce trips on or without the retail and

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2.4	Debt Allocation for Capital Infrastructure Improvements

Although the entire projected			CIP Areas will	be constructed over time	in		
				for and will operate	as	a consistent	system		
phases, it is actually designed								
										
			For example, the roadway	system may be		
serving all of the CIP Areas.							
												
constructed  in phases.		However, the entire system will benefit all the		
	the		CIP Areas.	Infrastructure improvements	built	in		
developable property in								
					and	in		
the initial phase will benefit		properties developed in	the initial phase				
																									
all future phases.																											
Likewise, properties developed	in the initial phase will benefit	from roadway		
							
improvements constructed		in	all subsequent phases.		This pattern is also		
													
true for all of the other major infrastructure systems comprising the master		
portion of the CIP.																											
As a result, the most equitable	way in which to allocate	the benefits of these		
		a systems basis.	In		
					improvements	is	on					
systems of master infrastructure								
other words the benefits from the system are examined on a total systems		
basis and the properties	that receive these benefits		are also viewed on	a		
									and	is		
								an infrastructure system totals $10				
total basis.  Thus, if the cost of					
funded in two series of bonds		and if these costs were allocable equally to		
							be	$1	per acre.								
10 acres of property, the allocation would											
The reality is that the costs are not proportionately distributed across all		
phases of the construction program.  Furthermore, the benefiting properties		
will not all be developed	in an		equal proportionate	fashion.		The costs are		
						program is not evenly		
unevenly distributed over time		and the development			
distributed.  Thus, if the costs of the CIP were allocated strictly on a phase-		
by-phase basis only to those properties developed during that phase, the		
cost per acre or per equivalent unit would vary significantly across the three		
phases.  This would be	patently		inequitable.															
																				
Therefore,  the  most  equitable  methodology	is	to		utilize	the	systems		
approach.  As discussed		below, the benefits	flowing from the CIP are		
viewed on a systems basis		and	are allocated	systematically to all benefiting		
				this way,  similar properties		
properties  regardless	of	their	phasing.	In			
receiving similar benefits	will	be		allocated the same	amount of debt.				

The exact nature and	precise	location	of the	development that	actually		
occurs is only determined at the time of actual platting when the land uses		
are known with precision.	As		a practical matter, the Assessments are		
applied on a first platted	first allocated basis.  The numerical examples		
												is designed	to work.				
provided below illustrate	how this methodology						

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Tableoutlines5 the allocation of the costs to the CIP Areas for projected roads included in District Engineer'sCIP. Table 5 reflectscostthe for the roads planned for CIP Areas. These costsallocatedare based upon the estimated volume of trips (as described above) that each land use generates on the community roadway system.

Table 5:  Debt Allocation to Benefiting Properties for Road

Improvements

Land Use	Volume	TriQ Generate	Total TriQS	Total Par Debt

SF 36-45' Wide	496	9.57	4,747	$5,218,062	
SF 46-55' Wide	641	9.57	6,134	$6,743,503	
SF 56-65' Wide	372	9.57	3,560	$3,913,546	
SF 66-75' Wide	519	9.57	4,967	$5,460,028	
Subtotal SF Standard Units	2,028				
SF 45'	186	3.71	690	$758,582	
SF 52'	143	3.71	531	$583,211	
SF62'	63	3.71	234	$256 ,939	
Condominiums	68	3.48	237	$260,138	
Subtotal SF Age Restricted Units	460				
Coach Homes/ TH	766	7.50	5,745	$6,315,469	
Assisted Living Facility	11 7	2.02	236	$259,808	
Rental Apartments	1,015	4.00	4,060	$4,463,151	
Retail SF	367,500	0.01	3,156	$3,469,371	
Office SF	2,457,500	0.01	13,528	$14,87 1,364	
			---------	---------	
			47,824	$52 573,172	

Table 6 displays the allocation of costs for the CIP stormwater management and drainage facilities infrastructure. These are allocated to benefiting properties based upon their size and their run off coefficients. Given the different unit type categories the CIP combines the stormwater management system for the CIP Areas. The benefits from this system relate to its capacity to protect the properties from flooding. The more stormwater run off a land use generates the more benefit it receives from the stormwater management system. Every land use type has a particular run off coefficient measuring its average run off volume. In addition, each land use category has a specific acreage.

..fJSHl(IND	Page 12 of20
'""""""'...
~I.ILi

~

Amended and Restate Master Assessment Report Lakewood Centre and NW Sector

Table 6: Debt to Benefiting Properties for Water Management!

Drainage

Land Use	Volume	Acres	Run Off	% Total	Total Par Debt		
SF 36-45'Wide	496	121.21	0.80	8.81%	$31 0,065		
SF 46-55'W ide	641	193, 11	0.80	14.03%	$493,991		
SF 56-65'Wide	372	115.87	0.80	8.42%	$296,405		
SF 66-75'W ide	519	204.88	0.80	14.89%	$524 ,100		
Subtotal SF Standard Units	2,028						
							
SF 45'	186	73.09	0.80	5.31%	$186,970		
SF 52'	143	83.88	0.80	6. 10%	$214,572		
SF 62'	63	39.03	0.80	2.84%	$99,842		
Condominiums	68	26.40	0.90	2. 16%	$75,975		
Subtotal SF Age Restricted Units	460						
							
Coach Homes/ TH	766	89.00	0.90	7.28%	$256,128		
Assisted Living Facility	117	4.68	0.85	0.36%	$12,720		
Rental Apartments	1,015	32.32	0.90	2.64%	$93,012		
Retail SF	367,500	204.71	0.85	15.81%	$556,394		
Office SF	2,457,500	147.07	0.85	11 .36%	$399,731		
		------ ·--		---------	---------		
		1,335.25		100.00%	$3,519,904		

Table 7 displays the allocation for the utility portion of the GIP. As noted above, the benefits from these facilities are measured on the basis of ER Us.

Page 13 of 20

Amended and Restate Master Assessment Report Lakewood Centre and NW Sector

Table 7: Debt Allocation to Benefiting Properties for Utilities

Land Use	Volume	ER/ Unit	Total ERU	Total Par Debt	
SF 36-45'Wide	496	1.00	496	$2,210,634	
SF 46-55'Wide	641	1.10	705	$3, 142,577	
SF 56-651 Wide	372	1.25	465	$2,072,470	
SF 66-75'Wide	519	2.00	1,038	$4,626,287	
Subtotal SF Standard					
Units	2,028				
SF 45'	186	0.90	167	$746,089	
SF 52'	143	1.00	143	$637,340	
SF62'	63	1.15	72	$322,904	
Condominiums	68	0.90	61	$272,764	
Subtotal SF Age					
Restricted Units	460				
Coach Hornes / TH	766	0.80	613	$2,731 ,203	
Assisted Living Facility	117	0.50	59	$260,730	
Rental Apartments	1,015	0.60	609	$2,714,267	
Retail SF	367,500	2,000.00	184	$818,960	
Office SF	2,457,500	3,000.00	819	$3,650,964	
			---------	-----------	
Total			5,431	$24,207, 190	

Finally, the other infrastructure costsal are   located on the basis of ERUs in

Table 8.

[The ba lance of this page left intentionally blank.]

Page 14 of 20

Amended and Restate Master Assessment Report Lakewood Centre and NW Sector

Table 8: Debt Allocation to Benefiting Properties for Other Facilities

Land Use	Volume	ER/ Unit	Total ERU	Total Par Debt		
SF 36-45'Wide	496	1.00	496	$1,438,859		
SF 46-55'Wide	641	1.30	833	$2,417,341		
SF 56-65'Wide	372	1.45	539	$1,564,759		
SF 66-75'Wide	519	1.95	1,012	$2,935,882		
Subtotal SF Standard	2,028					
Units						
SF 45'	186	0.90	167	$485,615		
SF 52'	143	1.25	179	$518,540		
SF62'	63	1.75	110	$319,827		
Condominiums	68	0.90	61	$177,537		
Subtotal SF Age	460					
Restricted Units						
Coach Homes I TH	766	1.15	881	$2,555,425		
Assisted Living Facility	117	0.50	59	$ 169,704		
Rental Apartments	1,015	0.50	508	$ 1,472,220		
Retail SF	367,500	5,000.00	74	$213,218		
Office SF	2,457,500	5,000.00	492	$ 1,425,805		
			---------	-----		
				---------		
			---			
Total			5,410	$15,69  4,733		

Table 9 brings together the per unit cost allocations for the CIP. Summing the allocations for each component of the CIP provides the total costs. These are also broken down by cost per unit. As each sale of property or plat is presented to the District, the estimates in Table 9 are used to assign the costs for the capital infrastructure improvements contained in the CIP to that plat land to its projected and uses.

Page 15 of 20

Amended and Restate Master Assessment Report Lakewood Centre and NW Sector

Table 9: Total Debt Allocation to Benefiting Properties for All Facilities Before Landowner Contributions

Land Use	Volume	Total Par Debt	Debt/ Unit		
SF 36-45'Wide	496	$9,177,620	$18,503		
SF 46-55'Wide	641	$12,797,413	$19,965		
SF 56-65'Wide	372	$7,847,180	$21,095		
SF 66-75'Wide	519	$13,546,297	$26, 101		
Subtotal SF Standard Units	2,028	$43,368,510			
SF 45'	186	$2,177,256	$11,706		
SF 52'	143	$1,953,663	$13,662		
SF 62'	63	$999,512	$15,865		
Condominiums	68	$786,413	$11 ,565		
Subtotal SF Age Restricted Units	460	$5,916,845			
Coach Homes / TH	766	$11 ,858,226	$15,481		
Assisted Living Facility	117	$702,962	$6,008		
					
Rental Apartments	1,015	$8,742,650	$8,613		
Retail SF	367,500	$5,057,943	$13.76		
Office SF	2,457,500	$20,347,864	$8.28		
		---------			
Total		$95,995,000			

The maximum allocation for each land use estimated for the projected CIP is determined by the allocations set out in Table 9, which are based on the costs of the CIP set forth in Table 2, as financed as shown in Table 3, and the expected land uses in each the Lakewood Centre and Northwest Sector as shown above in Table 1. Table 9 presents the maximum allocation per type of unit based on the projected land uses within each CIP area. All of this is on a before-credit basis and is used to estimate the credits applied as explained below. As a result, this is not the actual amount of bonds the District expects to issue due to the effect of thereditc s.

2.5	Landowner Provided Infrastructure and Credits

	As shown in Table 2 and as discussed further below, the Landowner has made, will make and has caused others to contribute to the CIP in the amount of $39,957,098. These contributions will allow the District to reduce its bond issuance by $47,948,518, taking into account avoided costs of financing. The Landowner will be credited for these contributions. The

Page 16 of 20

Amended and Restate Master Assessment Report Lakewood Centre and NW Sector

Landowner will direct its contributions to certain parcels or land uses, thereby reducing their allocated amount of debt.

Table 10 compares the final assessments in Table 9 to those approved in the Prior Report. The new assessments are higher than their previous levels. The net change column calculates the dollar amount of the increased assessment levels totaling $3,452,264.

Table 10. Landowner Contributions and Credits to Reduce Assessments to the Levels of the Original Master Plan Amounts

Land Use	Volume	Debt/ Unit	Original Per Unit	Variance	
SF 36-45'Wide	496	$18,503	$17,814	$689.27	
SF 46-55'Wide	641	$19,965	$19,265	$699.76	
SF 56-651 Wide	372	$21,095	$20,686	$408.57	
SF 66-75'Wide	519	$26, 101	$25,813	$287.76	
Subtotal SF Standard Units	2,028				
SF 45'	186	$11,706	$11,122	$583.68	
SF 52'	143	$13,662	$12,646	$1,015.98	
SF62'	63	$ 15,865	$14,876	$989.27	
Condominiums	68	$ 11 ,565	$10,578	$986.90	
Subtotal SF Age Restricted Units	460				
Coach Homes I TH	766	$15,481	$14,902	$578.71	
Assisted Living Facility	117	$6,008	$5,889	$119.23	
Rental Apartments	1,01 5	$8,613	$8,432	$181.45	
Retail SF	367,500	$13.76	$12.00	$ 1.76	
Office SF	2,457,500	$8.28	$8.00	$0.28	

Total

The Landowner has entered into certain contractual obligations (and plans more of the same) regarding the land sales and contracts within the Lakewood Centre and Northwest Sector portions of the District that will require the reduction or complete elimination of the assessments that would have otherwise been levied for the benefit derived from the CIP. The Landowner has contractually agreed with the District to contribute previously constructed infrastructure that is included in the CIP and future portions of the CIP as may be required to satisfy the contractual obligations regarding certain land sales, as further detailed in the Table 11 below. As summarized in the table below and based on the methodology prescribed herein , the Landowner has provided $34,234,456 of assessment credits on sold parcels through the contribution of physical capital facilities

Net Change $341 ,87€ $448,548 $151 ,988 $149,35C

$108,564 $145,28E $62,324 $67,106

$443,294

$13,94S $184, 17C $647,942 $687,864
========

$3,452,264

Page 17 of20

Amended and Restate Master Assessment Report Lakewood Centre  nd NW Sector

Table 11 : Parcels Receiving Credit for Contributed Capital

Sold Parcels Receiving Credit for Contributed Capital	Total Units	As Financed	
SF Units - Central Park - (800 + 26 Add'I)	826	$16,745,183	
Retail Sq Ft - Central Park - No Master Debt	150,000	$1,800,000	
TM - Esplanade	1,250	$808,446	
Lennar - Bridgewater	275	$712;640	
Mattamy - Harmony	677	$493,045	
Apartments no master debt - PAC Original	272	$2,293,504	
Apartments no master debt - Davis 2013	280	$1 ,998,384	
Apartments no master debt- PAC 2013	256	$2,158,592	
DR Horton - Palisades	150	$217,650	
CORE - Lake Nona (Tavistock) - Apartments	250	$2,108,000	
CORE - Lake Nona (Tavistock) - Commercial	217,500	$2,610,000	
CORE - Mercedes & Optimal	100,000	$800,000	
LWCN1 - Int Med, Senior Life	122,500	$0	
LWCN1 - Tidewel	117	$689,013	
LECOM no master debt	100,000	$800,000	
		------	
		------------	
Total Credit on Sold Parcels		$34,234,456	

The Landowner has already contributed capital improvements contained in the CIP at a cost of $28,364,766 and will make a future contribution of $992,332 to the CIP. In addition, the Landowner has obligated other developers to contribute $10,600,000 in future improvements. As a result, the Landowner or others whom the Landowner has obligated will contribute $39,957,098 (as shown in Table 2) to the CIP thereby more than satisfying

'	the Landowner s obligation to contribute to the CIP of $37,686,720 (reflecting the $3,452,264 of increased assessments calculated in Table 10 and the $34,234,456 of assessment credit on sold parcels calculated in Table 11).

	Furthermore, the Landowner'scontribution of $39,957,098 to the CIP allows the District to avoid issuing $47,948,517 in bonds creating a credit to the Landowner of $45,565,000. Since the required contribution to offset assessments is on an as-financed basis, after making its contribution the Landowner will have $10,261,797 in credits remaining .

[The balance of this page left blank intentionally.)

Page 18 of 20

Amended and Restate Master Assessment Report Lakewood Centre and NW Sector

Table 12. Analysis of Landowner Credits

Credit Generation	Amount		
Contributed by SMR	$19,241,086		
44th Avenue East of LWRl B vd	$705,941		
LWR Blvd &SR 70 Intersection	$3,718,773		
59th Avenue	$2,527,761		
Lorraine Road (39. 7% of Total $4.44M)	$1 ,708,467		
Advanced construction pre funding	$462,738		
Total	$28,364,766		
To be contributed on behalf of SMR			
Pope Road from Malachite to 44th Ave	$6,000,000		
Road B from Rangeland to SR 70	$4,600,000		
Subtotal	$10,600,000		
Future SMR Contribution	$992,332		
			
Total	$39,957,098		
Contribution on an as Financed Basis	$47,948,517		
Requ ired Contribution (Tables 1 0 and	$37,686,720		
11)			
	----------		
			
Surplus/Reimbursement to SMR	$10,261,797		

3.0	True Up Mechanism

	The true up mechanism provides a critical safeguard in the assessmen t process preventing a buildup of debt on undeveloped property. The mechanism has two parts: (1) establishment of the Ceiling Amount and (2) application of the test to assure the Ceiling is not exceeded. The Ceiling

Amounttablis es shed by dividing: (a) the debt thatis not allocated to platted properties by (b) the number of unplatted acres. For example, if the District had $100 of debt that was not allocated to platted properties and 10 acres of unplatted gross acres, the Ceiling Amount would be $10 per acre. Each time the District issues debt, the Ceiling Amount is reset accord ing to the formula outlined previously.

Page 19 of 20

Amended and Restate Master Assessment Report Lakewood Centre and NW Sector

Extensive development activity has occurred in the Assessment Areas. Table 13 inventories the platting and sales that have occurred. Based on the platting to date all of the Series 2011 Bonds in the amount of $36,255,000 have been allocated.

Table 13. Platting and Sales in the Assessment Areas

Total Debt Assigned to Properties Sold	Volume	De bt/Unit	Total Debt	
August 201 1 land sale to Taylor Morrisoo				
Age Restricted - 45'Lots	186	$9,189	$ 1,709,154	
Age Restricted • 52'Lots	143	$10,617	$1 ,518,231	
Age Restricled - 62'Lois	63	$12,661	$797,643	
Age Restricted - Condominiums	68	$10,578	$719,298	
September 2012 jand sale to Lennar				
65'Residential Lot	139	$20,686	$2,875,347	
76' Residential Lot	136	$25,813	$3,510,588	
Subtotal				
December 2012 land sale to Taylor Morrison				
Bundled Golf - 45'Lots	24	$17,814	$427,536	
Bundled Golf - 52'Lots	222	$19,265	$4,276,890	
Bundled Golf - 62'Lots	213	$20,686	$4,406,107	
Bundled Golf - 76'Lots	96	$25,813	$2,478,048	
Bundled Golf - Coach Homes	235	$14,902	$3.482,711	
December 2013 land sale to Mattamy				
40'Residential Lot	146	$17,474	$2,551,204	
30 Residential Lot	251	$14,902	$3,740,517	
20'Residential Lot	280	$13,318	$3,729,040	
Subtotal				
Inter, Medical Group	22,610	$8	$199,920	
April 2013 land sale to Inter. Medical Group	24,990	$8	$198,000	
Nov 2014 land sale to Senior Lifestyles	75,000	$8	$600,000	
Forestar Real Estate Group (DR Hortoh) - Palisades	150	$17,814	$2,672,100	
			==::;=========	
Total Debt Assigned to Properties Sold			$39,892,335	

Page 20 of 20

LAKEWOOD RANCH STEWARDSHIP DISTRICT

Resolution 2019-08

RESOLUTION 2019-08

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE LAKEWOOD RANCH STEWARDSHIP DISTRICT ADOPTING AN AMENDED AND RESTATED MASTER ENGINEER'S REPORT; ADOPTING AN AMENDED AND RESTATED MASTER ASSESSMENT METHODOLOGY REPORT; PROVIDING FOR CONFLICTS, SEVERABILITY AND AN EFFECTIVE DATE.

	WHEREAS, the Lakewood Ranch Stewardship	District		
				
unit	of special-purpose government	organized and existing in		
			(the "Act"); and			
2005-338, Laws of Florida, as amended				

(the "District") is a local accordance with Chapter

WHEREAS,  the  District  was  created  for  the  purpose	of delivering  ce1tain		
community development services and facilities that have been further described in the		
District's Improvement Plan, and to finance such improvements	through the issuance of		
			of special		
bonds  and notes,  which bonds  and notes  will  be repaid by the  imposition			
				
assessments on benefitted property within the District and any additional revenue sources		
permitted by Florida law; and										
WHEREAS, the District previously	issued its $36,255,000 Special Assessment		
			of the	costs  of the  design,		
Revenue  Bonds,  Series	2011  Bonds  to  fund  a  p01tion				
permitting,  acquisition,	construction	and	installation	of	certain  improvements	and		
								
			Northwest	Sector  within  the  District  (the		
facilities  within  the  Lakewood  Centre  &				
									
"Project"); and											

WHEREAS,

Engineer's Report for

the District previously adopted Northwest Sector at Lakewood

the Amended and Restated Master

Ranch Infrastructure Improvements

dated November 2014, which describes the District's capital improvement project; and		
WHEREAS,  the  District  also	previously  adopted  the  Amended and Restated		
Master Assessment Methodology Report Lakewood	Centre and Northwest Sector, dated		
	of allocating  the  District's	debt to		
November  12,  2014,  which  describes  the  method				
					
properties based upon the benefits each receives from the capital improvement plan for		
the Project; and									
WHEREAS,  the  District has  recently  authorized  the  issuance  and  sale	of its		
$11,790,000 Special Assessment Revenue	Bonds, Series 2018 (Lakewood Centre	& NW		
							
Sector Projects) (the "2018 Bonds")	to	pay additional portions of the costs of the design,		
	and installation	of the Project; and				
permitting, acquisition, construction						
									
WHEREAS, the land use plan for the benefitted	area has changed materially and		
					
the cost estimates for the completion	of	the capital improvement plan are now known		
								
with greater accuracy; and									

WHEREAS, the District accordingly	desires to adopt the Amended and Restated		
Master Engineer's Report for Northwest Quadrant at Lakewood Ranch Infrastructure		
Improvements  dated  November	6,	2018  attached  hereto	and  incorporated  herein  by		

reference as Exhibit A; and								
WHEREAS, the District also desires	to adopt the Amended and Restated Master		
Assessment  Methodology  Report  Lakewood  Ranch  Stewardship  District  Lakewood		
Centre and Northwest Sector, dated December 7, 2018, attached hereto and incorporated		
herein by reference as Exhibit	B.							
								
NOW,  THEREFORE,  BE  IT  RESOLVED	BY  THE		
			
BOARD  OF  SUPERVISORS  OF  THE  LAKEWOOD		
RANCH STEARDSHIP DISTRICT:				

SECTION	1.	The	
into			
reference are incorporated	

recitals and f

as	stated  above  are	
01m	a material part of	

true and correct and by this this Resolution.

SECTION 2.	The Board	hereby adopts the District's Amended and Restated		
Master Engineer's Report for  Northwest Quadrant at Lakewood Ranch Infrastructure		
Improvements dated November	6,	2018, attached hereto and incorporated	by reference		

herein as Exhibit A.														
SECTION 3.	The Board	hereby adopts the  District's Amended and Restated		
Master   Assessment  Methodology  Report  Lakewood  Ranch  Stewardship   District		
Lakewood Centre and Northwest Sector dated December 7, 2018, attached hereto and		
incorporated by reference herein	as	Exhibit B.								
												
SECTION 4.	This Resolution is intended to  supplement	Resolutions	2011-11,		
2012-11,  and  2015-10,  which  remain  in  full  force  and  effect.  This  Resolution  and		
Resolutions 2011-11, 2012-11, and 2015-10 shall be construed to the maximum extent		
possible to give full force and effect to	the provisions	of each resolution.	All District		
resolutions or pmis thereof in actual conflict with this Resolution	are, to	the extent	of		
						
such conflict, superseded and repealed.									
SECTION 5.	If any section or part of a section of this Resolution be declared		
invalid or unconstitutional,	the validity, force and effect of any other section or part of a		
	shall  not thereby  be  affected  or  impaired unless	it  clearly		
section  of this  resolution				
			or  pmi	of a  section	of this  Resolution	is	wholly	or		
appears  that  such  other  section								
				be	invalid	or		
			or part of a	section  so	held to					
necessarily  dependent upon the  section								

unconstitutional.														

SECTION

6.

This Resolution shall become effective upon its adoption.

[Remainder

of

page left intentionally blank]

2

PASSED AND ADOPTED

ATTEST:

Secretary

Exhibit A:  Amended and Restated

Exhibit B:  Amended and Restated

December 7, 2018

this 7	th		

Master

Master

day of December, 2018.

LAKEWOOD RANCH STEWARDSHIP DISTRICT

Rex Jens en, Chairman

Engineer's Report dated November 6, 2018 Assessment Methodology Report dated

3

LAKEWOOD RANCH

STEWARDSHIP DISTRICT

Supplemental Assessment Methodology Report

SUPPLEMENTAL

ASSESSMENT METHODOLOGY

REPORT

LAKEWOOD RANCH STEWARDSHIP DISTRICT LAKEWOOD CENTRE AND NORTHWEST SECTOR 2018 BONDS

Updated

November

2,

2018

Prepared

for

Board of Supervisors

Lakewood Ranch Stewardship

District

Prepared

by

Fishkind

&

Associates,

Inc.

12051

Corporate

Boulevard

Orlando,

Florida

32817

407 -382-3256

Supplemental Assessment Report Lakewood

Centre

and

NW

Sector

Supplemental Assessment Methodology Report

Lakewood Ranch Stewardship District

Lakewood Centre and Northwest Sector

1.0	Background

The Lakewood Ranch Stewardship District ("District") was created	on	June		
17,  2005.	The  District		encompasses  approximately	23,255  acres	in		
											
Manatee and Sarasota Counties.  The District has commenced its capital		
improvement plan  ("CIP") for the Lakewood  Centre and the Northwest		
Sector funded  from  the		proceeds  of the  District's Series  2006	Bond		
Anticipation Notes, the District'sSeries 2009	Renewal Bond Anticipation		
Notes, contributions made	by the Landowner (SMR	North 70, LLC), and the		
			Special	Assessment		
		$36,255,000 Series 2011				
								
proceeds from the District's													
Revenue Bonds.																
Subsequently, the District adopted the "Amended  and  Restated Master		
Assessment Methodology Report Lakewood	Ranch	Stewardship District		
Lakewood  Centre  and	Northwest  Sector"	dated	November	12,	2014		
("Master Report") because:	(1) the land use plan for the benefitting	area		
					
	the cost estimate	for the CIP was reduced		
changed materially and	(2)				
						resulting	in	lower		
because of lower requirements for roadway concurrency					
cost.  This supplemental assessment methodology report ("Supplement")		
updates  the	Master  Report	to  reflect  platting  of  properties		and	the		
						In		
assignment of debt to those	properties according to the Master Report.			
addition, the Supplement describes the issuance of the Series 2018 Bonds		
which will complete the District'sportion of the CIP.										

1.2	Platting and the Assignment of Debt

Extensive	development	has	occurred  in	Lakewood	Centre  and  in	the		
			shows  the	platting  of	properties  and	the		
Northwest	Sector.   Table  1						
assignment of debt to date.	All of the Series 2011	bond debt has been		
						
allocated to platted and sold properties.					

Page 2 of 9

Supplemental Assessment Report Lakewood Centre and

NW

Sector

Table 1. Lakwoode

Platting and

Centre and

Allocation of

Northwest Sector

District Debt

Tyep

August 2011 land sale to Tay

Single Family Units

September 2012 land sale to

Type 65 foot residential lot 76 foot residen tial lot

lor Morrison

Lennar

Volume	DebVlol	Par	
450	$10,378	$4,670,175	
Volume	DebVlot	Par	
174	$2 1,661	$3,769,014	
107	$27,567	$2,949,669	
-----		--------	

Subtotal	28 1	$6,718,683	

December 2012 land	sale to Taylor	Morrison		
			Volume		
					
Single-family			800		
					
December 2013 land sale to Mattamy	Volume		
					
40 foot residential lot			144		
			246		
30 foot residential lot					
			28 1		
20 foot residential lot					
			-----		
Subtotal			671		
					
		M	Group		
April 2013 land sold to lntracoasedicaltl			
Office space sq fl			2.4,990		
					
Total Debt Allocated					

DebVlot	Par	
$19,093	$15,274,400	
DebVlot	Par	
$17,474	$2,516,256	
$15,383	$3,784,218	
$13,318	$3,742,358	
	========	
	$10,042,832	
$8	$199,920	
	--------	
	$36,906,010	

Page

3

of9

Supplemental Assessment Report Lakewood Centre andr NW Secto

1.3	Projected Land Use Plan for the Balance of Lakewood Centre and Northwest Sector Development

	Table 2 displays the remaining land in Lakewood Centre and the Northwest Sector that was not assigned Series 2011 debt. The property shown in Table 2 will be referred to as the Series 2018 Assessment Area ("Area"). There are 352.02 acres of land in the Area .

Table 2: Projected Land Use Plan for the Land Remaining in

Lakewood Centre and Northwest Sector Lakewood Ranch

Stewardship District

2018 Bonds	Sq. Ft./Units	Landowner	
lntercoastal Medical Group	24,990	Rangeland	
Senior Lifestyles (Sheridan at Lakewood Ranch)	75,000	SHI-II SLD	
Harmony	14	Mattamy	
Palisades	150	Forestar (USA) Real	
		Estate Group, Inc.	
Commercial	2,135,000	Not Sold	
Parcel F - off 44th Ave	76	Not Sold	

Source: The Landowner

1.4    Allocation of Debt to Sold Properties

As described in the Master Report, the District initially allocates debt to all propertiesspecially benefitting           on a gross acreage basis. As properties are either platted or sotold   third parties along with their entitlements, the District then refines the previously assigned debt based on acreage to the debt consistent with the property'sland use.  The debt allocations to properties by land use was determined in the Master Report as summarized below in Table 3.  As discussed below, since the estimated cost of the CIP has not changed materially since the Master Report, and the District'sportion of the CIP has not materially changed either, the allocations shown in Table 3

remain valid and appropriate.

Page 4 of9

Supplemental Assessment Report Lakewood Centre and NW Sector

Table 3: Total Debt Allocation to Benefiting Properties for All Facilities

Land Use	Volume	Par Debt	DebVUnit		
SF 36-45'W ide	712	$12,683,762	$17,814		
SF 46-55' Wide	825	$ 15,893,845	$19,265		
SF 56-65'W ide	363	$7,508,999	$20,686		
SF 66-75'W ide	529	$ 13,655,154	$25,813		
	---------	-----			
		------------			
Subtotal SF Standard Units	2.429	$49,741,760			
SF 45'	381	$4,237,353	$11,122		
SF 52'	344	$4,350,254	$12,646		
SF62'	121	$1 ,799,993	$14,876		
Condominiums	264	$2,792,569	$10,578		
	--------	---------			
	---------		$11 ,874		
SF Age Restricted Unfts	1,110	$13, 180,169			
Coach Homes/ TH	767	$11,430,186	$14,902		
Condominiums		$0	$0		
Rental Apartments	117	$986,515	$8,432		
Assisted Living Facility	808	$4,758,173	$5,889		
Retail SF	1,218,950	$15,209,809	$12		
Office SF	896,490	$7,546,577	$8		
Hotel Rooms	300	$3,206,809	$10,689		
		---------			
Subtotal		$43,138,071			
		----------			
Total		$106,060 000			

Source: Master Report

As shown in Table 2 some pof the roperties in the Area have been sold. As a result, the District has allocated debt to them. Table 4 shows the debt allocations to the sold properties in the Area. Table 4 also shows that the sold properties have made debt service payments prior to the issuance of the Series 2018 Bonds pursuant to the systems approach to allocation documented in the Master Report. These payments are being held in escrow for the benefit of the payers.

Page 5 of 9

Supplemental Assessment Report Lakewood Centre and NW Sector

Table 4. Allocation of Debt to Sold Properties in the		
	2018 Assessment Areas			
2018 Bonds	Current		Total		
	Debt				
	Assigned		Assignment of		
	to Sold	Escrow	Series 2018 Debt		
	Proee rt:t:	Assessments	for Sold Parcels		
lntercoastal Medical Group	$198,000	$34,633	$163,367		
Senior Lifestyles (Sheridan at Lakewood Ranch)	$600,000	$213,901	$386,099		
Harmony	$167,233	$180,041	$0		
Palisades (150 SF 36-45' Wide@ $17,814/unit)	$2,672,100	$141,611	$2,530.489		
	---------	========	--------		
Total	$3,637,333	$570,185	$3,079,956		

2.0	Assessment Methodology Applied to the 2018 Assessment Area

2.	1    Overview

# Debt Service

Payments Made Prior to Series 2018Issuance

2

4
4

1

The assessment methodology is a process by which the District will allocate the costs associated with its improvement program to properties within the CIP Areas of the District benefiting from the improvements. The allocation is based upon the benefits that each property receives as determined under the Master Report and summarized in Table 3.

2.2	Sizing of the Series 2018 Bonds

	Table 5 displays the sizing for the Series 2018 Bonds. The escrow funds are used to defray a portion of the construction fund .

Table 5: Estimated Size of the Bonds for the

Lakewood Centre Northwest Sector of the District

Category	Amount	
Construction Fund	$11,338,815	
Less Escrow Funds	$557,378	
	-----------	
Net to Fund from Bonds	$10,781,437	
Debt Service Reserve Fund	$853,006	
Capitalized Interest Fund	$0	
Underwriter'sDiscount	$240,500	
Cost of Issuance	$150,056	
Rounding	$0	
	------------	
Total Bonds	$12,025,000	

Source: MBS the District'sUnderwriter

Page 6 of 9

Suppleme ntal Assessment Report Lakewood Centre and NW Sector

2.3	Allocation to Properties in the 2018 Assessment Area

	Table 6 allocates the debt associated with the Series 2018 Bonds to the properties in the 2018 Assessment Area using the Master Report methodology. As shown in Table 4, the sold properties were already all ocated a portion of the cost of the Series 2018 Bonds based on the Master Report. The funds held in escrow were credited to the so ld properties. In the case of Harmony, the escrow satisfies the allocation for the Series 20 18 Bonds, so no allocation for the Series 2018 Bonds is applied to Harmony.

Table 6. Allocation to Properties in the 2018 Assessment Area

Property	Sq. Ft./Units	Landowner	Series 2018 Debt			
lntercoastal Medical Group	24,990	Rangeland	$163,367			
Senior Lifestyles (Sheridan	75,000	SHI-II SLD	$386,099			
at Lakewood Ranch)						
Harmony		Mattamy	$0			
Palisades	150	Forestar (USA) Real Estate Group, Inc.	$2,530,489			
Commercial	2,135,000	Not Sold	$8,288,081			
Parcel F - off 44th Ave	76	Not Sold	$656,963			
			------			
			----------			
Total			$'12,025,000			
Property	Annual Debt	Administrative Cost	Total Annual	Total Debt		
	Service		Debt Service	Service/Unit		
lntercoastal Medical Group	$11,589	$872	$12,461	$0.50		
Senior Lifestyles (Sheridan	$27,388	$2,061	$29,450	$0.39		
at Lakewood Ranch)						
Harmony	$0	$0	$0	$0.00		
Palisades	$179,503	$13,511	$ 193,014	$1,286.76		
Commercial	$587,924	$44,252	$632,176	$0.30		
Parcel F - off 44 th Ave	$46,602	$3,508	$50, 110	$659.34		
	-------	-------	----------			
	----------	----------				
Total	$853,006	$64,205	$917,211			

Page 7 of 9

Supplemental Assessment Report Lakewood Centre and NW Sector

2.4    True Up Test for the Series 2018 Bonds

When the Series 2018 Bonds are sold the Ceiling Level for the Area will be determined by dividing the par amount of bonds by the volume of acres in the Area. The Series 2018 Bonds are estimated at $12,025,000 as shown in Table 5. There are 352.02 acres in the Area. So, if the Series 2018 Bonds are sold as expected, the Ceiling Level would be established at $34,160. Table 7 provides the thresholds for the True Up Test.

Table 7. True Up Test

Category	25%	50%	75%	90%	
Unsold	264	176	88	35	
Sold	88.01	176.01	264.02	316.82	

As discussed above in reference to Table 2, a significant portion of the Area has already been sold and debt allocated to the sold parcels as shown in Table 6. However, the 25% True Up threshold has not yet been reached. Even so, as the calculations in Table 8 demonstrate, the sold properties have been allocated sufficient debt to prevent an increase in the debt per unplated/unsold land above the Ceiling Level.

Table 8. True Up Test Accounting for Sold Property

Category	Amount	
Acres Sold	62.92	
Allocated Debt to Sold Property	$3,079,956	
	$8,945,044	
Debt Remaining	$30,941	
Debt/Unplated Acres		
	$34,160	
Ceiling	62.92	

Page 8 of 9

Supplemental Assessment Report Lak wood Centre and NW Sector

3.0	Tax Roll for the 201 8 Assessment Area

	The Tax Roll for the 2018 Assessment Area is provided in Table 9.

Table 9. Tax Roll for the 2018 Assessment Area

Property Identification	Series 2018	Annual	Administrative	Total		
	Debt	Assessment	Charges	Assessment		
lntercoastal Medical Group	$163,367	$11 ,589	$872	$12,461		
Senior Lifestyles (Sheridan at Lakewood Ranch)	$386,099	$27,388	$2,061	$29,450		
Harmony	$0	$0	$0	$0		
Palisades	$2,530,489	$179,503	$13,51 1	$193,014		
Commercial	$8,288,081	$587,924	$44,252	$632,176		
Parcel F - off 44th Ave	$656,963	$46,602	$3 ,508	$50,110		
Total	----------	----------	----------	---------		
	$12,025,000	$853,006	$64,205	$917,211		

Page 9 of9

LAKEWOOD RANCH STEWARDSHIP DISTRICT

Resolution 2019-09

	RESOLUTION 2019-09							
A   RESOLUTION   SETTING   FORTH   THE   SPECIFIC				
TERMS  OF  THE  LAKEWOOD  RANCH  STEWARDSHIP				
DISTRICT'S  SPECIAL ASSESSMENT REVENUE BONDS,				
SERIES  2018	(LAKEWOOD	CENTRE	&	NW  SECTOR				
					DISTRICT'S				
PROJECTS);	CONFIRMING		THE						
PROVISION	OF  INFRASTRUCTURE	IMPROVEMENTS				
ANDADOPTING	AN	ENGINEER'SREPORT;				
CONFIRMING   AND	ADOPTING		A	SUPPLEMENTAL				
ASSESSMENT  REPORT;  CONFIRMING,  ALLOCATING				
AND  AUTHORIZING  THE  COLLECTION	OF  SPECIAL				
							
ASSESSMENTS    SECURING   SERIES    2018    BONDS;				
PROVIDING  FOR  THE  APPLICATION  OF  TRUE-UP				
PAYMENTS;  PROVIDING  FOR THE  SUPPLEMENT  TO				
THE  IMPROVEMENT  LIEN  BOOK;	PROVIDING  FOR				
THE  RECORDING	OF	A	NOTICE	OF	SERIES	2018				
											
SPECIAL ASSESSMENTS; PROVIDING FOR CONFLICTS,				
SEVERABILITY AND AN EFFECTIVE DATE.						
WHEREAS,  the  Lakewood  Ranch  Stewardship	District	("District")  has  previously		
								
indicated  its  intention  to  undertake,  install,  establish,  construct  or  acquire  certain  public		
infrastructure improvements and to finance such public infrastructure improvements through the		
imposition of special assessments on benefitted	property within the District and the issuance	of		

bonds; and														
WHEREAS, the District's Board of Supervisors	("Board") has previously adopted, after		
									
notice and public hearing, Resolution 2011-11, as amended by Resolutions 2012-11, 2015-10		
and 2019-08 (collectively, the "Master Assessment Resolution") relating to the imposition, levy,		
collection and enforcement of	such special assessments;	and								
											
WHEREAS,  pursuant  to  and  consistent  with  the  te1ms	of the  Master  Assessment		
Resolution, this Resolution shall set forth the te1ms of bonds actually issued by the District, and		
apply the  adopted  special  assessment	methodology to	the  actual  scope	of the  project to  be		
													
completed with a series of bonds and the terms of the bond issue; and					
WHEREAS, on November 21, 2018, the District entered into a Bond Purchase	Contract		
				
whereby  it  agreed  to  sell  its  $11,790,000  Special  Assessment  Revenue	Bonds,  Series  2018		
(Lakewood Centre & NW Sector Projects)	(the "Series 2018 Bonds"); and					

WHEREAS,	pursuant to  and  consistent		
District desires to set forth the particular	terms of		
			
the  lien  of  the  special  assessments	securing		
			
Assessments").				

with the  Master  Assessment Resolution,  the	
the sale of	the Series 2018	Bonds and confirm	
the  Series	2018  Bonds	(the  "Series  2018	

1

NOW THEREFORE, BE IT RESOLVED BY THE BOARD		
OF   SUPERVISORS   OF   THE   LAKEWOOD   RANCH		
STEWARDSHIP DISTRICT AS FOLLOWS:			
SECTION 1.  AUTHORITY FOR THIS RESOLUTION.	This Resolution is adopted		
pursuant to the provisions of Florida law, including	Chapters 170 and 197, Florida Statutes, and		
				
the Master Assessment Resolution.				

SECTION  2.	FINDINGS.	
Stewardship District hereby finds and	

The Board determines as

of Supervisors follows:

of

the  Lakewood  Ranch

(a) On May 6,	2011, the District, after due notice and public hearing, adopted Resolution		
2011-11,  which,  among  other  things,  equalized,  approved,  confirmed  and  levied  special		
assessments  on property  benefitting	from	the	infrastructure	improvements  authorized		by	the		
District.	That Resolution provided	that as each series	of	bonds was issued to fund all or any		
				improvements,  a	supplemental  resolution	would	be		
portion	of	the  District's  infrastructure						
			the bonds and certifying the amount of the lien	of the		
adopted to set forth the specific te1ms of				
special assessments securing any portion	of the bonds, including interest, costs of	issuance, the		
number	of	payments	due,	the  True-Up	amounts	and	the  application  of receipt	of True-Up		
proceeds.																						
(b)	The  Amended	and  Restated  Master	Engineer's	Report for  Northwest	Sector  at		
Lakewood	Ranch  Infrastructure	Improvements,	dated	November  6,  2018,  attached	to	this		
									
Resolution  as  Exhibit  A	(the  "Engineer's	Repmi"),  identifies  and  describes  the  presently		
		to	be  financed  with the  Series  2018  Bonds  (the		
expected  components  of the  improvements				
"Improvements").  The District hereby confoms that the Improvements serve a proper, essential		
and valid public purpose.  The Engineer's Report is hereby confirmed.  The District ratifies its		
use in connection with the sale of the Series 2018 Bonds.										
(c) The Supplemental Assessment Methodology Report for Lakewood Ranch Stewardship		
District	Lakewood  Centre	and  Northwest	Sector  (2018	Bonds),  dated  December	7,		2018,		
attached to this Resolution	as Exhibit B	(the "Supplemental	Assessment Report"), applies the		
											
Amended	and  Restated	Master		Assessment	Methodology  Report  for   Lakewood  Ranch		
										dated  December 7,	2018	(the		
Stewardship  District Lakewood Centre  and Northwest  Sector,					
"Master	Assessment	Methodology")	to  the  actual  terms  of	the  Series  2018  Bonds.		The		

Supplemental Assessment Report is  hereby  approved,  adopted  and  confomed.   The  District		
ratifies its use in connection with the sale	of	the Series 2018 Bonds.							
(d)	The Improvements will specially	benefit ce1iain property within the areas comprising		
																
the Lakewood Centre	& NW Sector Projects within the District, as set fmih in the Supplemental		
Assessment Repmi.	It is reasonable, proper,	just	and right to assess the po1iion of the costs of		
the  Improvements financed  with the	Series	2018	Bonds to	the  specially  benefited prope1iies		
within the District as	set fmih in the Master Assessment	Resolution and this Resolution.					

2

SECTION  3.	CONFIRMATION	OF  MAXIMUM		
				
SERIES 2018 BONDS.	As provided	in the Master Assessment		
					
intended to set forth the terms of the Series 2018 Bonds and the		
special assessments securing those bonds.			

ASSESSMENT LIEN FOR Resolution, this Resolution is final amount of the lien of the

The Series 2018 Bonds, in a par amount	of $11,790,000 shall bear such rates	of	interest		
and maturity	as	shown on Exhibit C attached hereto.		The final payment		on the Series 2018		
Bonds shall be	due on May	1,	2048.	The sources and uses	of	funds of the Series 2018 Bonds		
shall be as	set forth in Exhibit	D.  The debt service due on the Series 2018 Bonds is set forth on		
Exhibit E	attached hereto.	The lien	of the special assessments	securing the Series 2018 Bonds		
						NW Sector Projects		
on certain property within the	areas	comprising	the Lakewood Centre &			
within the District shall be	the principal	amount due on the Series 2018 Bonds, together with		
accrued but unpaid interest thereon, and together with the amount by which annual assessments		
are grossed up to include early payment	discounts required by law and costs	of collection.				
																				
SECTION  4.	ALLOCATION  OF  ASSESSMENTS  SECURING  SERIES  2018		
BONDS.																											
(a)	The special assessments for the Series 2018 Bonds shall be allocated in accordance		
with Exhibit B	which allocation shall initially be on a per acre basis and further allocated	as		
lands are platted.  The Supplemental	Assessment Report is consistent with the District's	Master		
					
Assessment Methodology.  The Supplemental Assessment Report, considered herein, reflects the		
actual  terms	of the  issuance	of the	District's		Series  2018  Bonds.   The  estimated	costs	of		
										
												as	set  forth  in  the		
collection	of	the  special  assessments  for  the  Series  2018  Bonds  are					
Supplemental	Assessment	Report.		Resolution  2011-11	was	subsequently	amended	by		
Resolutions  2012-11,  2015-10,  and  2019-08,  each  of	which  were  adopted	at	duly		noticed		
									
meetings of the District's Board of Supervisors.																		
(b)	The lien of the special assessments	securing the Series 2018 Bonds includes certain		
						of the District,	and as such land is		
property within the Lakewood Centre &	NW Sector Projects				
ultimately defined and set forth in plats or other designations	of developable acreage.		To	the		
extent land is added to the District, the District may, by supplemental resolution, determine such		
land to be benefited by the Improvements and reallocate the special assessments securing the		
Series 2018 Bonds and impose special assessments on the newly added and benefited property.		
(c)	Taking into account earnings on certain funds and accounts as set forth in the Master		
Trust Indenture  and Twentieth Supplemental Trust Indenture,	the	District shall begin annual		
collection	of	special assessments for the  Series 2018 Bonds debt service payments	using the		
			of	interest		
methods available to it by law.  Debt service payments	and semi-annual installments				
																
are reflected on	Exhibit	E.																							
(d)	The District hereby certifies the special assessments	for collection and directs staff to		
take all actions necessary to meet the time and other deadlines imposed by Manatee County for		
collection and other Florida law.   The District intends, to the extent possible and subject to		
entering into the appropriate agreements with the Manatee County Tax Collector and Manatee		

3

County Property Appraiser, to collect the Series 2018 Assessments on platted lands using the		
Uniform Method in Chapter 197, Florida Statutes.  The District	intends, to the extent possible,	to		
				
directly bill, collect and enforce the Series 2018 Assessments on unplatted lands.		The District		
Manager shall prepare or cause to be prepared	each year a tax roll for purposes	of	effecting the		
									
collection of the special assessments and present same to the District Board	as required by law.		
The District Manager is further directed and authorized to take all actions necessary to collect		
any  prepayments  of	debt  as	and  when  due	and to  collect	special	assessments	on unplatted		
							law										
property using methods available	to	the District authorized by Florida											

SECTION 5.																.	Pursuant to the Master		
		APPLICATION OF TRUE-UP PAYMENTS											
Assessment Resolution, there may be required from time to time certain True-Up payments.  As		
lands are platted or approved for development, the special assessments securing the Series 2018		
Bonds shall be allocated to	the platted lands and the unplatted lands as	set forth in the Master		
Assessment Resolution, this Resolution,  and the Supplemental Assessment Report,	including,		
without limitation, the	application	of	the True-Up process set forth in Section 8	of	Resolution		
					of	$11,790,000 in Series 2018 Bonds,	the True-Up		
2011-11.   Based on the final par amount					
								
calculations  will  be  made  in  accordance  with  the  process  set  forth  in  the  Supplemental		
Assessment Report.	The District shall apply all True-Up payments related to the Series 2018		
Bonds only to the credit of	the Series	2018 Bonds.  All True-Up payments,	as	well	as all other		
											
prepayments	of assessments,	shall	be  deposited  into  the  accounts  specified in the  Twentieth		
								1, 2018, governing the Series 2018 Bonds.				
Supplemental Indenture, dated as of December					
																		
SECTION 6.		IMPROVEMENT LIEN BOOK.	Immediately	following the adoption		
of this Resolution these special assessments as	reflected herein	shall be recorded by the Secretary		
of the Board of the District	in the District's Improvement Lien Book.  The special assessment or		
assessments against each respective parcel shall be and shall remain a legal, valid and binding		
first lien on such parcel until paid and such lien shall be coequal	with the lien	of	all state, county,		
district, municipal or other governmental taxes and superior in dignity	to	all other liens, titles,		
											
and claims.																												
SECTION 7.		OTHER PROVISIONS	REMAIN  IN EFFECT.		This	Resolution	is		
													
intended to	supplement the  Master	Assessment Resolution,  which remains  in full  force  and		
											shall  be  construed  to	the		
effect.  This	Resolution  and	the	Master  Assessment  Resolution				
maximum extent possible to give full force and effect to the provisions	of each resolution.	All		
		are, to the extent	of		
District resolutions or parts thereof in actual conflict with this Resolution				
										
such conflict, superseded and repealed.																			

SECTION

8.

ASSESSMENT NOTICE.

The District's Secretary is hereby directed to

record a Notice of Series 2018 Special	Assessments (Lakewood Centre	& NW		
				
		of Manatee	County,		
securing the Series 2018 Bonds	in the  Official Records				
						
other instrument evidencing the actions taken by the District.				

Sector Projects) Florida, or such

	.	If any section or part of a section	of this resolution be		
SECTION 9.  SEVERABILITY				
declared invalid or unconstitutional,	the validity, force and effect of any other section or part of a		
		be affected or impaired unless it clearly appears that		
section of this resolution shall not thereby			

4

such other the section

section or part

or of

part of a a section

section so held

of this resolution is wholly or necessarily to be invalid or unconstitutional.

dependent upon

SECTION  10.   EFFECTIVE  DATE.

adoption.

This  Resolution  shall  become  effective  upon  its

AND	PASSED

ADOPTED

this

7

th

day

of

December, 2018.

ATTEST:

BOARD OF SUPERVISORS OF THE LAKEWOOD RANCH STEWARDSHIP DISTRICT

Secretary	Rex Jensen, Chairman

Exhibit

Exhibit

Exhibit

Exhibit

Exhibit

A:

B:

C: D: E:

Amended  and  Restated  Master  Engineer's	Report  for	Northwest  Sector  at		
	dated November 6, 2018			
Lakewood Ranch Infrastructure Improvements,				
					
Supplemental Assessment Methodology	Report for Lakewood Ranch Stewardship		
		Sector (2018 Bonds), dated December	7,		
District Lakewood Centre and Northwest				

2018							
Maturities and Coupon of Series 2018 Bonds					
Sources and Uses of Funds for Series 2018 Bonds				
Annual Debt Service Payment Due on Series 2018 Bonds				

5

Exhibit A

Engineers

Report

Exhibit

B

Supplemental

Assessment

Methodology

Report

		Exhibit C					
	Maturities and Coupon of Series	2018 Bonds			
						
	Maturity		Amount	Rate	Yield		
Bond Component	Dale	CUSIP					
Tem1 Bond due 2024:			)55,000	4.550%	4.550%		
	05/01/2019						
			180,000	4.550%	4.550%		
	05/01/2020						
	05/01/2021		200,000	4.550%	4.550%		
	05/01/2022		205,000	4.550%	4.550%		
	05/01/2023		210,000	4.550%	4.550t:;{,		
					4.550%		
	05/01/2024	51265K BUI	225,000	4.550%			
			1,175,000				

Price

100.000 100.000 100.000 100.000 100.000 100.000

Tem1

Bond due 2029: 05/01/2025 05/01/2026 05/01/2027 05/01/2028 05/01/2029

5I265KBV9

230,000	4.950%	4.950%	
245,000	4.950%	4.950%	
255,000	4.950%	4.950%,	
265,000	4.950%	4.950%	
280,000	4.950%	4.950%	
1,275,000			

100.000 100.000 100.000 100.000 100.000

Tem1

Bond due 2039: 05/01/2030 05/01/2031 05/01/2032 05/0)/2033 05/01/2034 05/01/2035 05/01/2036 05/01/2037 05/01/2038 05/01/2039

5J265KBW7

295,000	5.500%	5.500%		
315,000	5.500%	5.500%		
330,000	5.500%	5.500%		
350,000	5.500%	5.500%		
370,000	5.500%	5.500%		
385,000	5.50090	5.500%		
		5.500%,		
405,000	5.500%			
430,000	5.500%	5.500%		
460,000	5.500%	5.500%		
485,000	5.500%	5.500%		
3,825,000				

100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000

Tem1 Bond due 2048:
05/0)/2040			
05/01/2041			
05/01/2042			
05/01/2043			
05/01/2044			
05/01/2045			
05/01/2046			
05/01/2047			
05/01/2048	51265K	BXS	

5)5,000	5.650%	5.650%	
545,000	5.650%	5.650%	
580,000	5.650%	5.650%	
605,000	5.650%	5.650%	
640,000	5.650%	5.650%	
650,000	5.650%	5.650%	
685,000	5.650%	5.650%	
7 )5,000	5.650%	5.650%	
580,000	5.650%	5.650%	
5,515,000			

100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000

11,790,000

Exhibit

D

Sources

and

Uses

of

Funds

for Series 2018 Bonds

SOURCES

AND

USES

OF

FUNDS

Lakewood Ranch Stewardship District

Special Assessment Revenue Bonds, Series 2018
(Lakewood Centre & N\V Sector Projects)

PRICING

DATE:

11.20.2018

FINAL

PRICING

NUMBERS

Dated Dale
Delivel)' Date

I 2/10/2018 12/10/2018

Sources:

Bond Proceeds:
Par Amount

Other Sources of Funds:
Liqudiation or Escrow Monies

Spcical

Assessment

Revenue Bonds,

Series 2018

I I,790,000.00

557,377.60

12,347,377.60

Uses:			
Project Fund Deposits:			
Project Pu nd			
Other Fund Deposits:	or MADS		
Debt Service Reserve Fund@ 75%			
Delivery Date Expenses:			
Cost of Issuance			
Underwriter's Discount			
Other Uses of Funds:			
Asscss1ncnt Escrow Subaccoum			

Spcical

Asscssrnem

Revenue Bonds,
Series 2018

10,781,437.59

614,066.25

158,696.16 235,800.00 394,496.16

557,377.60

12,347,377.60

Exhibit E Annual Debt Service Payment Due on Series 2018 Bonds

Period
Ending

11/01/2019 11/01/2020 11/01/2021 11/01/2022 I 1/01/2023 I 1/01/2024 I 1/01/2025 ] 1/0)/2026 ] ]/01/2027 I 1/01/2028 11/01/2029 I J/01/2030 I 1/01/2031 I 1/01/2032 I 1/01/2033 I 1/01/2034 I 1/01/2035 11/01/2036 I 1/01/2037 I 1/01/2038 l 1/01/2039 I 1/01/2040 I 1/01/2041 I J/01/2042 I 1/01/2043 11/01/2044 11/01/2045 11/01/2046 I 1/01/2047 I 1/01/2048

Principal

]55.000 ]80,000 200,000 205.000 210,000 225,000 230,000 245,000 255,000 265,000 280,000 295,000 315,000 330,000 350,000 370,000 385,000 405,000 430,000 460,000 485,000 515,000 545,000 580,000 605,000 640,000 650,000 685,000 715,000 580,000

11,790,000

Coupon

4.550% 4.550% 4.550% 4.550% 4.550%, 4.550% 4.950% 4.950% 4.950% 4.950%, 4.950% 5.500% 5.500<";1., 5.500% 5.500% 5.500% 5.500% 5.500% 5.500% 5.500% 5.500% 5.650% 5.650% 5.650% 5.650% 5.650% 5.650% 5.650% 5.650% 5.650%

Interest

565,845.27 627,400.00 618,755.00 609,.'i41.25 600,100.00 590,203.75 579,392.50 567,636.25 555,261.25 542,391.25 528,902.50 513,860.00 497,085.00 479,347.50 460,647.50 440,847.50 420,085.00 398,360.00 375,397.50 350,922.50 324,935.00 297,048.75 267, !03.75 235,322.50 201,846.25 166,675.00 130,232.50 92,518.75 52,968.75 16,385.00

12,107,017.77

Debt Scn·ice

720,845.27 807,400.00 818,755.00 814,541.25 810,100.00 815,203.75 809,392.50 812,636.25 810,261.25 807,391.25 808,902.50 808,860.00 812,085.00 809,347.50 810,647.50 810,847.50 805,085.00 803,360.00 805,397.50 810,922.50 809,935.00 812,048.75 812,103.75 815,322.50 806,846.25 806,675.00 780,232.50 777,518.75 767,968.75 596,385.00

23,897,017.77

Bond

Balance

11,635,000 11,455,000 11,255,000 11,050,000 10,840,000 10,615,000 !0,385,000 10,140,000 9,885,000 9,620,000 9,340,000 9,045,000 8,730,000 8,400,000 8,050,000 7,680,000 7,295,000 6,890,000 6,460,000 6,000,000 5,515,000 5,000,000 4,455,000 3,875,000 3,270,000 2,630,000 1,980,000 1,295,000 580,000

Total

Bond Value

11,635,000 11,455,000 11,255,000 11,050,000 10,840,000 10,615,000 10,385,000 10,140,000 9,885,000 9,620,000 9,340,000 9,045,000 8,730,000 8,400,000 8,050,000 7,680,000 7,295,000 6,890,000 6,460,000 6,000,000 5,515,000 5,000,000 4,455,000 3,875,000 3,270,000 2,630,000 1,980,000 1,295,000 580,000

LAKEWOOD RANCH STEWARDSHIP DISTRICT

Other Matters (provided under separate cover)

LAKEWOOD RANCH

STEWARDSHIP DISTRICT

Matters Relative to the Isles of Lakewood Ranch Bond Issuance

(provided under separate cover)

LAKEWOOD RANCH STEWARDSHIP DISTRICT

Resolution 2019-10

REPORT								
TO:	District Board of Supervisors	and Staff				
								
FROM:	Louis Lawman, Project Manager					
SUBJECT:	FY Ending September 30, 2018 Budget Reconciliation				
DATE:	November 13, 2018							
The total of all maintenance-related expenses	during the fiscal year ending September	30, 2018 is		
					
		In summary, this overage is largely due to		
greater than budget by $310,023, or around	9%.			
intangibles and unanticipated obligations.  A more detailed explanation of the variances	by sector is		
			
as follows:								

1.

Northeast Sector maintenance expenses were less than budget by $34,563. Significant variances include:

2.

•	Landscape maintenance needs varied from what was anticipated at the time the budget was
prepared primarily due to timing of projects having been completed;	Uihlein Road was turned	
over to maintenance later than anticipated, Lorraine Corners was ready for maintenance	
sooner than anticipated.		
•	Irrigation Utilization was greater than was estimated for new areas.  The budget for utilization
during the FY ending 9/30/2019 has been increased	accordingly.		
				
Northwest Sector maintenance needs during the year exceeded that of what was anticipated at		
the time the budget was prepared.  These additional maintenance obligations were due primarily		
to accelerated development of new areas and specific one-time needs that will not carry forward		
to future years.  The budget for the 2019FY contemplates	an appropriate increase to cover those		
expenses that were incurred earlier than expected	in 2018.  Significant variances include:		
					
•	Landscape maintenance needs for roadway segments that were completed sooner than anticipated as well as specific single-year activities.
•	Irrigation consumption greater than what the budget contemplated due to additional water
	requirements for landscape establishment	in new areas; much of which can	be attributed	to		

	the two new parks.		all the street lights on the new roadways	to have been		
•	The budget for utilities contemplated				
						
	turned over to Manatee County however the country has yet to accept that responsibility.			
	Therefore, the unexpected electric bills had to be paid by the District.	damage caused		
•	Other variances include expenses	for clean-up of landscape and hardscape			

	by hurricane Irma.								

3.

Sarasota Sector maintenance expenses were less than budget primarily due to timing.		
Variances include:	for Deer Drive and Lakewood Ranch Blvd.		
•	Less than full-year maintenance requirements			
					
•	Maintenance of landscaped medians and right-of-ways on Lorraine Road from the District's		
	southern boundary to Fruitville Road was not contemplated	in the budget as it was planned		
				
	for Sarasota County to have accepted that responsibility.			

4.

Southeast Sector maintenance expense variances from budget include:	
•	Less landscape maintenance on certain roadways due to timing of project completion.	
•	Additional plant replacement on The Masters Ave. from Lorraine Rd. to Players Dr. to be	
	more consistent with landscaping on the new section of Masters from Players to Bourneside.	
	This was a one-time improvement activity that will not carry forward to future years.	
•	Irrigation usage in excess of what was anticipated due to new landscaping and sod	
	replacement needs.	
•	Clean-up of landscape and hardscape damage caused by hurricane Irma.	

RESOLUTION 2019-10

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE LAKEWOOD RANCH STEWARDSHIP DISTRICT ADOPTING AN AMENDED GENERAL FUND BUDGET FOR FISCAL YEAR 2017/2018, PROVIDING FOR APPROPRIATIONS; ADDRESSING CONFLICTS AND SEVERABILITY; AND PROVIDING FOR AN EFFECTIVE DATE.

WHEREAS, the Lakewood Ranch Stewardship District special-purpose government established pursuant to Chapter located and Manatee and Sarasota Counties, Florida; and

(the "District") 2005-338, Laws

is a of

local unit of Florida and

WHEREAS, on August 10, 2018, the Board of Supervisors (the "Board") of the District,		
adopted  Resolution  2018-23,  providing  for  the  adoption  of  the  District's  operation  and		
maintenance budget for Fiscal Year 2017/2018 (the "General Fund Budget"); and		
WHEREAS,  the  District  Manager,  at  the  direction  of the  Board,  has  prepared  an		
amended General Fund Budget, to reflect changes in the actual appropriations	of the General		
			
Fund Budget; and			

WHEREAS, landowners to amend

the Board finds the General Fund

that it Budget

is to

in the best interest of the District and its reflect the actual appropriations.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE LAKEWOOD RANCH STEWARDSHIP DISTRICT:

1. a.

BUDGET AMENDMENT.		
The Board has reviewed the District Manager's proposed amended General Fund	
Budget, copies of which are on file with the office of the District Manager and at	
the District's Records Office,approvesandhereby	certain amendments thereto, as	
shown in Section 2 below.		

b.

The  General  Fund Budget

attached hereto.

is

hereby amended  in accordance  with

Exhibit A,

c.	In accordance with section 189.016, Florida Statutes, the amended General Fund Budget shall be posted on the District's official website within five (5) days after adoption and remain on the website for at least two (2) years.

2.	APPROPRIATIONS.	There	is hereby appropriated out of the revenues	of		
District, the fiscal year beginning October 1,	2017, and ending September 3 0, 2018, the sum		
forth below, which sum is deemed by the Board to be necessary to defray all expenditures	of		
			
District during said budget year:					

the set the

TOTAL GENERAL FUND

$_________

3.	CONFLICTS.  This Resolution is	intended to amend, in part, Resolution	2018-23		
				of		
which  remains  in  full  force  and  effect  except	as	otherwise  provided  herein.  All  terms			
Resolution 2018-23 that are not amended by this Resolution apply to the Adopted	Budget,	as		
defined  in	Resolution  2018-23,  as  if those  terms	were  fully  set  forth  herein.	All	District		
					of such		
resolutions or parts thereof in actual conflict with this  Resolution	are,  to the extent			
							
conflict, superseded and repealed.									

4. provisions portions of

SEVERABILITY.	The  invalidity	
of this  Resolution  shall not  affect the	
this Resolution, or any part thereof.	

or unenforceability of any validity or enforceability of

one or more the remaining

5.

EFFECTIVE DATE.

This Resolution shall take effect upon adoption.

Introduced, considered favorably,

and adopted this

7th day

of

December, 2018.

ATTEST:	LAKEWOOD RANCH STEWARDSHIP	
	DISTRICT	

Secretary/Assistant Secretary

Chairman,

Board

of

Supervisors

Exhibit

A:

Amended Fiscal Year 2017/2018 General Fund Budget

2

Exhibit A

Amended Fiscal Year 2017/2018 Budget

Lakewood Ranch Stewardship District	Fund •		
Proposed Operating Budget for General			
Summary Budget For Operation & Maintenance		
October 1, 2018 to September 30,	2019			
f				
/ategory				
Sources of Funds:				
Assessments - Platted Land				
Assessments - Un Platted Land				
Landowner Contribution				
Other Revenue				
Total• Sources of Funds				

	Full Year	
30-Se11•18	
	Budget	
$	2,096,793	
$	255,467	
$	1,462,881	
$		
$	3,815,141	

[ncrease	Estimated		
{Decrease}			
2019	Budget vs.		~		
2018 Budget		Budget		
$	759,007	$	8,436,704		
$	(135,361)	$			
$	566,875	$			
$		$			
$	1,190,521	$	8,436,704		

Uses of Funds					
Administrative Expenditures:	$	8,240		
Insurance					
		$	15,450		
Meeting	Advertising				
		$			
Real Estate	Taxes				
		$	70,000		
Engineering					
	Fees	$	30,000		
Bond Agent					
		$	100,000		
Legal Fees					
Accounting		$	32,000		
		$	139,000		
Lien Book and Tax Roll				
	$	17,000		
Annual Audit				
	$	100,000		
Trustee						
			$	85,000		
Manager					
		$			
Travel and Per Diem				
	$			
Telephone					
		$	1,500		
Postage						
			$	1,500		
Office Supplies				
Other Current Charges	$	3,810		
Dues, Licenses, Subscriptions	$	500		
Capital Outlay	$			
	$			
Meeting	Room Rent				
\'  Outside	Services; County Administrative Fee	$	604,000		
fatal • Administrative	$			
				
Reserves			$			
						
Maintenance:					

$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $

$

(240) (450)

(690)

$	42,517		
$	42,517		
$	75,000		
$			
$·	75,000		
$	125,000		
$	125,000		
$	150,000		
$	75,000		
$	200,000		
$	200,000		
$			
$	2,657		
$			
$	10,629		
$			
$	1,063		
$			
$			
$	1,124,383		
$			
$			

Maintenance Management Fee - allocated at bulldout	$	125,000		
General & Parks Maintenance - allocated at bulldout	$	79,200		
Landscape & Irrigation Maintenance	- Contracted	$	1,923,956		
Landscape & Irrigation Repairs• Non-Contracled	$	573,503		
Irrigation for Master Landscaping		$	302,846		
		$	102,300		
Environmental					
		$	5,936		
Utilities					
		$	98,400		
Other Maintenance					
		$			
Contingency					
					
Total • Maintenance		$	3,211,141		

$	143,000	
$	174,800	
$	443,336	
$	80,438	
$	254,000	
$	80,000	
$	837	
$	14,800	
$		
$	1,191,212	

$	500,000	
$	540,000	
$	3,875,391	
$	1,017,380	
$	934,215	
$	255,160	
$	10,008	
$	180,167	
$		
$	7,312,321	

Total• Uses of Funds	$	3,815,141		
Operating Surplus or Deficit	$	0		

$	1,190,522	
$	(0)	
	Increase	

$  8,436,704

$

Maintenance Expense by Land

*	Southeast Sector

*	Northwest Sector Northeast Sector Sarasota Sector
Other/ General Maintenance

Parks Maintenance

Total

Area:

Budget
EnQj!

$995,131 $1,078,691 $227,633 $705,485 $129,200 $75,000 $3,211,141

{Decrease}

2019 Budget vs.

2018 Budget

$259,843

$334,959

$184,609

$94,000

$170,800

$147,000

$1,191,212

Estimated Bulldout Budget $1,577,970 $1,816,841 $1,147,970 $1,729,540 $720,000 $320,000 $7,312,321

*SE Sector Increase due to addition of Masters & Bourneslde *NW Sector Increase due to addition of 117th Street

Page 1

Aa;t#

SE

~

SOUTHEAST SECTOR OPERATIONS AND MAINTENANCE BUDGET DETAIL

Area identified as around Country Club East and Lake Club

Lakewood Rane!- "'-'WardshipDistrict									
Operations and M	ince Budget Detail						. ~,,,_..,- .		
											
~---~-----.-----~ ------~------..-----..-----,c---------,		
	"':~~i"etary1~~~(~~~~~1	Final FY2019	I Final FY2019.	Prior					
Budget	RE~~~:	~~~;i!i	Budget ~	Budget	B~~:e:::·				%		
						Buildout					
FY2018							$	Change	Change		
			2	8		Estimate					
	18									

60101 60102 60103 60104 60106 60107 60108 60109

MAsrER LANDSCAPING & IRRIGATION MAINTENANCE University Parkway from Lorraine to Concession

The Masters Ave.; Lorraine to Players Lorraine Rd-East side

Anocation from CDD'sfor UP and Lorraine medians Boumside Blvd. from Masters to SR70
Covenant Way

Masters Ave. from Players Dr. to Boumeside Blvd. Boumeside Blvd. from Masters to University Pl Subtotal Landscap_e Maintenance Contracts

CONTRACTS•

120,000 196,573 108,150 20,173 49,907 12,978 50,250

558,031

160,000 196,573 108,150 20,173 80,000 12,978 112,000

689,875

40,000	33%	
	0%	
	0%	
	0%	
30,093		
	0%	
61,750	123%	
131,843	24%	

$0 $0 $0 $0 $0 $0 $0

$0 $0

164,495 269,462 148,251 27,653 201,211 17,790 68,882 134,392 1,032,137

1,505 (33,574) (18,471) (3,445) (101,211) (2,217) 65,518 '48,392) 140,288)

0.91% -12.46% -12.46% -12.46% -50.30% -12.46% 95.12% -36.01 % -13.59%

SE 60200 60210 60215 60230 new

NON CONTRACTED LANDSCAPING & IRRIGATION

Irrigation Repairs

Plant replacement

Mulching

Tree Trimming

Other Landscape Maintenance: Non-Contracted

Subtotal Non-Contracted Landscapin

REPAIRS

45,000 90,000 46,000 20,000

201,000

f~@!iil	
4,000	'i'A:nno•	
231,000		

10,000 2,000 4,000 10,000 4,000 30,000

22% 2% 9% 50%

15%

$0 $0 $0 $0 $0 $0

61,686 90,000 63,057 32,000

246,742

4,314 30,000 (3,057)

6,000 37,258

6.99% 33.33% -4.85% 0.00%

15.10%

SE	IRRIGATION FOR MASTER LANDSCAPING	
60250	Monthly Meter Charge	
60255	Uti[izatlon	
	Subtotal Irrigation	

SE	ENVIRONMENTAL		
60300	Lake maintenance for the lakes outside communities	
60310	General consulting		
60320	Water quality monitoring		
60330   Mitigation monitoring and	maintenance	
60340	Littoral Shelf Plantings		
60350	Conservation Areas Exotic Species Removal	
	Subtotal Environmental		

10,500 180,000 190JOO

4,000

4,000 8,000

10,500 220,000 230,500

. 4,000

	I	0%		
40,000		22%		
40,ooo	I	21%		
		0%		
56,ooo	I	1400%		
s;.ooo	I	100%		

$0 $0 $0

$0 $0 $0 $0 $0 $0 $0

14,393	(1,793)	-12.46%	
180,000	80,000	44.44%	
194,393	782_07	40.23%	
12,000	-	0.00%	
5,483	66,517	1213.11%	
17,_483	66,517	380.46%	

SE	UTILITIES	
60400	FLORIDA POWER & LIGHT	
60410	Manatee	Coun!)I_	
	Subtotal	Utilities	
	OTHER MAINTENANCE: SE SECTOR	
60600	Roads and sidewalks	
6061 O	Stormwater System & Drainage	
60611	Storm Damage and Clean Up	
60620	Sanitary Sewer	
60630	Street Light Repair	
60640	Hardscapes	
60645	Signs		
60650	Miscellaneous Maintenance	
60655	Centralized irrigation system	
60660	Waste Management	
	Subtotal		
·•C•SE'?:cTOTALSOUTHEASTSECTORc'•·•	

1,000

1,000

2,000 20,000

5,000

8,000

1,200 400

36,600

· 'i:/995,13.1J?•J;254~75

2,000	I	
2,000	I	
c,;;~;843J	

0%	$0	
	$0	
0%	$0	
0%	$0	
0%	$0	
	$0	
	$0	
	$0	
25%	$0	
	$0	
0%	$0	
0%	$0	
	$0	
5%	$0	
1>26"/4IY3'1~tJ0L	

1,371	(171)	-12.46%	
1,371	171)	-12.46%	
2,742	(342)	-12.46%	
22,000	-	0.00%	
6,854	(854)	-12.46%	
8,000	4,000	50.00%	
1,645	(205)	-12.46%	
548	(68)	-12.46%	
41,789	2,531	6.06%	
	'i'N:'il4i054C:\ ,.287%':·	

Page2

EXPENSES

Acc'Jf

Lakewood Ranct--~'-"vardshipDistrict			
Operations and Mt		)1ce Budget Detail		
Budget	Preliminary	lj£jJiitstid~/itl	Final FY2019		
	Budget	) ..·'FY...2··..o·1.9 ;_sf	Budget vs. Budget		
FY2018					
	mo	19	;	Ri=Es.201t23	2018		
	RES. 201!!-18	,,_,,,,,·, ·-'''·"'		

Final FY2019	IEsnMA'fi!.6i	
Budget vs. Prelim.	':BUIUiOOT	
FY2019 Budget	J5:}'i!ID ))'?	

Prior

Bui/daut

Estimate

$

Change

% Change

NW

NORTHWEST SECTOR OPERATIONS AND MAINTENANCE BUDGET DETAIL

60111 60112 60113 60114 60115 60116 60117 60118 60119 60120 60121 60132 60133 60134 60135 60136 60137 60138 60139 60140 60141 60142 60143

Area	identified as to the east of LWR Blvd, north	of SR 70,	south of SR 64 and		
MASTER LANDSCAPING & IRRIGATION MAINTENANCE CONTRACTS"		
White	Eagle Blvd	from	SR 70 to Rangeland				
Rangeland Pkwy	fonn	LWR Blvd to	White Eagle				
Kent	Lake & Lake Bank Maintenance				
Malachite Road; east of White Eagle				
44th	Ave from LWR Blvd. to White Eagle				
Malachite Road from LWR Blvd. to White Eagle				
White	Eagle from	Rangleland to 44th Ave				
Lake Bank mowing		to Esplanade			
Rangeland Pkwy	from	White Eagle				
LWR Blvd.; SR70 to Malachite					
LWR Blvd.; Malachite to SR64					
White	Eagle from Malachite to 44th	Ave				
White	Eaglefrom44th	Ave to Gatewood Dr.				
White	Eagle from Gatewood Dr. to	SR64				
SOver	Palm Blvd.							
Wood	Fem Trail							
Gatewood Drive							
44th	Ave from White Eagle Blvd. to	Indigo				
44th	Ave from Indigo to Lorraine					
44th	Ave from Lorraine to Boumeside				
$Over	Falls Run							
117th	Street							
Rangeland Pkwy. from EsJl.lanade to Lorraine				
subtotal Landsca~ Maintenance Contracts				

west of Lorraine Rd.

23,694 27,093 37,136 18,120 34,089 12,978 10,296 15,450 9,072 43,436 81,605 47,380 164,800

5,974 53,560 51,500 36,050 31,386

703,619

23,694			
27,093			
37,136			
18,120	hi \34;oss		
34,oss			
12,978			
10,296			
15,450			
9,072			
43,436			
81,605	I/-<.: !:ii:i'"tini''I		
47,380			
164,800			

32,000 10.421 86,600

129,021

0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%

0% 0% 0% 0% 0%

18%

m m m m m m m m m
$0,
m m m m m m m m m m m m

~ $0

32,480 37,139 50,905 24,838 46,729 17,790 14,114 21,179 12,436 59,542 111,864 64,948 225,907 37,630 8,189 73,420 70,596 49,417 43,024 43,005 23,113

1,tJ~,265

(4,047)	-12.46%	
(4,627)	-12.46%	
(6,343)	-12.46%	
(3,095)	-12.46%	
(5,822)	-12.46%	
(2,217)	-12.46%	
(1,758)	-12.46%	
(2,639)	-12.46%	
(1,549)	-12.46%	
(7,419)	-12.46%	
(13,938)	-12.46%	
(8,092)	-12.46%	
(28,147)	-12.46%	
(9,630)	-25.59%	
(1,020)	-12.46%	
(9,148)	-12.46%	
(8,796)	-12.46%	
(6,157)	-12.46%	
(5,361)	-12.46%	
(4,605)	-10.71%	
(10,608)	-45.89%	
88,000		
80,000		
22,983	2.15%	

NW	NON CONTRACTED LANDSCAPING & IRRIGATION REPAIRS	
60200			
60210			
60215			
60230			
new			
NW	IRRIGATION FOR MASTER LANDSCAPING	
60250	Monthly Meler Charge		
60255	Utirization		
	Subtotal Irrigation		
NW	ENVIRONMENTAL		
60300	Lake maintenance for !he	lakes outside communities	
6031 O	General consulting		
60320	Water quality monitoring		
60330	Mitigation monitoring and	maintenance	
60340	Littoral Shelf Plantings		
60350	Conservation Areas Exotic Species Removal	
	SUbtotal Environmental		

55,000 40,000 62,062 76,000

233,062

8,610 50,000 58,610

26,000

32,000 58,000

	I	0%		
2.000		5%		
35,938		58%		
		0%		
4,000	I			
41,938		18%		
	I	0%		
150,000		300%		
1so,ooo	I	256%		
		0%		
a,ooo I	25%		
s,ooo I	14%		

$0 $0 $0 $0 $0 $0

$0 $0 $0

$0 $0 $0 $0 $0 $0 $0

	75,394	(394)	--0.52%	
	62,000	-	0.00%	
	85,074	20,926	24.60%	
	104,180	(0)	0.00%	
		4,800		
	326,648	25,332	7.76%	
	11,803	(1,471)	-12.46%	
	120,000	130,000	108.33%	
	131,803	128,529	97.52%	
	35,641	(7,641)	-21.44%	
	43,865	2,135	4.87%	
':Sc:Q]~OOO •	79,506	5,506)	-6.93%	

Page3

,-,,,-,,~,,~,,-,""

Lakewood Ranct- -  ·•ardship District

Operations and M,,.	}lCe Budget Detail
EXPENSES	Budget	p~~~~:(	~~~'~Ja~~1	Final FY2019	I	Final FY2019_		
		FY2019·	; :20?r ,	Budget vs. Budget	Budget vs. Prehm.		
	FY2018						
		RES. 201s'..1s	~!}0_1t~~	2018		FY2019 Budget		
Ar:t;jjt.								

Prior	$ Change	%		
Buildout				
		Change		
Estimate				

NW 60400

60410 60420

60600 60610 60611 60620 60630 60640 60645 60650 60655 60660

UTILITIES (Estimated via historical usage and projected additional area)	
FLORIDA POWER & LIGHT		
Manatee Counly Utifl1ies		
PEACE RIVER		
Subtotal Utilities		
OTHER MAINTENANCE: NW	SECTOR	
Roads and sidewalks		
Stormwater System & Drainage	
Storm Damage and Clean Up		
Sanitary Sewer		
street Light Repair		
Hardscapes		
Signs		
Miscellaneous Maintenance		
Centrarized irrigation system		
Waste Management		
Subtotal Other Maintenance		

1,200

2,000 3,200

14,000 1,000 6,000 1,200

22,200

6,000

6,000

0%

0% 0%

0%

100% 0%

27%

$0 $0 $0 $0

$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

1,645	(205)	-1246%		
742	1342\	-1246%		
4,387	(547)	-1246%		
40,000	(20,000)	-50.00%		
2,000	-	0.00%		
				
8,225	3,775	45.90%		
1,645	(205)	-1246%		
51,870	(16,430)	-31.67%		

''':'NW;\:;JOTALNORTHWEST.SECTOR	··-·.-. ·--. ,,:1;;,.,;1;078;691+;1:,:•1;413;650 I ·'.·,M13;650 I 2'?334;959J','-':31%I •: :c\,;,:$0Jt'.

1;662,478''	';i/154;362{t9,29',{;;''	

Page4

EXPENSES

k;t;;!#.

Lakewood Rane/" ~-'·"YardshipDistrict				
Operations and M.	:nee Budget Detail			
	,_.,;:-;:\.!					
	Preliminary IFi..n.·i11°s~i\g~		Final FY2019		
Budget	Budget	," :,.,..... ·.				
			Budget vs. Budget		
FY2018	FY2019;				
				2018		
	RES. 2018-18				

I	Final FY2019	
Budget vs. Prelim.	
	FY2019 Budget	

Prior		%		
Bulldout				
	$ Change	Change		
Estimate				

NE

NORTHEAST SECTOR OPERATIONS AND MAINTENANCE BUDGET DETAIL		
Area irfentifierf as to the east of Lorraine Rrf., north of SR 70, south of SR 64	anrf west to District bounrfary.	
MASTER LANDSCAPING & IRRIGATION MAINTENANCE"	.	.	

60119 60130 60131 60132 60133 60134

NE 60200 60210 60215 60230 new

NE 60250 60255

NE

Post Blvd & SR70 Intersection	
59th	Avenue Lorraine Rd to Post Blvd	
NE,	State Road 70 & Lorraine	
Uihlein Road	
Lakebank and Swale Mowing	
Lorraine Comers	
Fulure Roads	
Subtotal Landscape Maintenance Contracts	
NON CONTRACTED LANDSCAPING & IRRIGATION REPAIRS	
Irrigation Repairs	
Plant replacement	
Mulching	
Tree Trimming	
Other Landscape Maintenance: Non-Contracted	
Subtotal Non-Contracted Landscap_in	
IRRIGATION FOR MASTER LANDSCAPING	
Monthly Meter Charge	
UtiflZl!tion	
Subtotal Irrigation	
ENVIRONMENTAL	

25,482 17,543 6,005 47,500

25,000

121!529

15,000 10,000 7,500 5,500

3,l!,000

8,868 12,000 20!868

24,740		
17,032	E  .{••):,;;;,;;;;-,i.l	
5,830		
62,000		
1,200		
92,000		
60,000		
262!801		
15,000	1.::··, .. ii:,"•~~~ ·I	
10,000		
10,000		
5,500		
2,000		
42~00		

(742)		-3%		
(511)		-3%		
(175)		-3%		
14,500		31%		
1,200				
67,000		268%		
60,000				
141Jn		116%		
		0%		
		0%		
2,500		33%		
		0%		
2,000				
_4,_500		12%		
28,000	I			
2a,ooo		134%		

$0 so
$0 $0 $0 $0 10 $0

$0 $0 $0 $0 $0 $_0

$0 JO $0

34,930	(5,243)	-15.01%	
24,047	{3,609)	-15.01%	
8,231	(1,235)	-15.01%	
65,113	9,287	1426%	
	1,440		
34,270	76,130	22215%	
500,000	-	0.00%	
666,591	76l]O	11.52%	
40,000	-	0.00%	
50,000	{20,000)	-40.00%	
40,000	{20,000)	-50.00%	
35,000	{17,000)	-48.57%	
	2,400		
16§,_000	'54,600)	-33.09%	
12,156	{1,515)	-1246%	
100,000	80,000	80.00%	
11~156	78,485	69.98%	

60300 60310 60320 60330 60340 60350

NE 60400 60410 60420

Lake maintenance for the lakes outside communities General consulting
Water quality monitoring

Annual Wetland Preservation Nea Monitoring

Littoral Shelf Plantings and Maintenance

Conservation Neas Exotic Species Removal

Subtotal Environmental

UTILITIES (Estimated via historical usage and projected FLORIDA POWER & LIGHT

Manatee County

PEACE RIVER

Subtotal Utilities

additional

area)

16,000

800 1,500 8,000 26!300

100 1,236 1!336

	0%	
4,000		
_4,_000 I	15%	
371	3%	
371	3%	

$0 $0 $0 $0 $0 $_0 $0

$0 $0 $0 $0

40,000		0.00%	
1,097	(137)	-12.46%	
2,056	(256)	-1246%	
10,966	3,434	31.31%	
54!119	3,041	5.62%	
1,645	(205)	-1246%	
1,694	167)	-9.83%	
3,339	372)	-11.13%	

NE	OTHER MAINTENANCE: NE SECTOR		
60600	Roads and sidewalks		
6061 O	Stormwater System & Drainage		
60611	Storm Damage and Gean Up		
60620	Sanitary Sewer		
60630	Street Light Repair		
60640	Hardscapes		
60645	Signs		
60650	Miscellaneous Maintenance		
	Subtotal		
•·''.'':,<-TOTAL:EXPENSES.NORTHEAST.SECTOR•·.''··:,,,,\y;:;;.o.·• ·· ·	
	0	0	

6,000 10,000 2,400
1,200 19!600

/•.•>:227,633'

	I			$0			
6,000		100%		$0			
				$0			
				$0			
	I			$0			
800		33%		$0			
				$0			
	I			$0			
6!soo		35%		$0			
i ;184;609j	' /81%1•:?	'	''?$0FY,'.	h0%b:		

25,000	-	0.00%	
13,708	{1,708)	-12.46%	
3,290	1,710	51.98%	
1,645	205)	-1246%	
43,643	:203)	-0.46%	
...,.•.,1,044;849t:;o01~;122·,.:·•s:a1%,'··	

Pages

EXPENSES

Acct#

SARASOTA SECTOR OPERATIONS AND MAINTENANCE BUDGET DETAIL

Area identified as Sarasota County lands within the District

Lakewood Rane> =· ·"'lardshipDistrict										
Operations and M•	\nee Budget Detail	I								
		'<-c-,:,:,,,,,·											
Budget	~~:i~a,y	,~Eii'13~dg~,	Final FY2019		Final FY2019_	1,EsnMAfEffl	"!ior			%		
								r.~U·•.··..'.LD..O.•lJT··.,·····		$	Change	Change		
FY2018	FY20;g;	•.•·.•.•·•....FY•..··.···2....0.·1·9....;.•.:.·.:..·.;	Budget vs. Budget	Budget vs. Prehm.		Bu1(dout					
											
	RES.	2018	•	~T.2,~1~-~	2018		FY2019 Budget	:,,[:{ffil,,:;	Estimate					
			18											

SRQ	MASTER LANDSCAPING & IRRIGATION REPAIRS CONTRACTS-	
60101	Deer Drive from U.Pkwy. to LWR Blvd.	
60102	Lorraine Road from U.Pkwy. to Southern Boundary	
60103	LWR Blvd. from Communications Pkwy. to Southern Boundary	
60104	Lorraine Road; South Boundary to Fruitville Road	
	Future Roads	
	Subtotal Landsca~ Maintenance Contracts	
SRQ	NON CONTRACTED LANDSCAPING & IRRIGATION REPAIRS	

216,497 172,580 151,700

540,m

!m~~	1:?:11,:ii;:~J,1	
41,200		
581.977		

0%

$0 $0 $0 $0 $0 $0

296,772 236,572 207,949

500,000 1,241,294

(36,976)	-12.46%	
(29,476)	-12.46%	
(25,910)	-12.46%	
	0.00%	
{92,362)	-7.44%	

60200	Irrigation Repairs	
60210	Plant replacement	
60215	Mulching	
60230	Tree Trimming	
	Other Landscape Maintenance: No~ntracted	
	Subtotal Non-Contracted LandscaJJ.in	
SRQ	IRRIGATION FOR MASTER LANDSCAPING	
60250	Monthly Meter Charge	
60255	Utilization	
	Subtotal Irrigation	
SRQ	ENVIRONMENTAL	
60300	Lake maintenance for the lakes oulside communities	
60310	General consulting	
60320	Water quality monitoring	
60330	Mitigation monitoring and maintenance	
60340	Littoral Sheff Plantings	
60350	Conservation Areas Exotic Species Removal	
	Subtotal Environmental	
SRQ	UTIUTIES (Estimated via historical usage and projected additional area)	
60400   FLORIDA POWER & LIGHT	
60420	Manatee Coun_tr	
	Subtotal Utilities	
SRQ	OTHER MAINTENANCE:	

20,000	20,000	I ;	i'}f0:~ll0.,1		
					
15,000	15,000				
32,450	32,450				
33,991	33,991				
	4,000				
101,441	105,441				
8,868	8,868				
24,000	60,000				
32,868	68,868				
5,000					
5,000					
10,000					
400					
400					

4,000				
4,000		4%		
36,000	I			
36,ooo		110%		
5,000				
7,000	I			
12,000		120%		
800				
800	I	200%		

$0 $0 $0 $0 $0 $0

$0 $0 $0

$0 $0 $0 $0 $0 $0 $0

$0 10 $0

65,000		0.00%		
40,000		0.00%		
80,000		0.00%		
80,000	6,000	0.00%		
				
265,000	6,000	0.00%		
0				
12,156	(1,515)	-12.46%		
150,000	50,000	33.33%		
16i1s6	48,485	29.90%		
0				
20,000		0.00%		
20,000		0.00%		
40,000		0.00%		
0				
2,000		0.00%		
~000		0.00%		

60600	Roads and sidewalks	
60610	Stonnwater System & Drainage	
60611	stonn Damage and Clean Up	
60620	Sanilaly Sewer	
60630	street Light Repair	
60640	Hardscapes and Signs	
60650	Miscellaneous Maintenance	
	Subtotal	
·.:..	: TOTALSARASOTA'SECTOR,:i:	

12,000										
6,000										
2,000							0%			
20,000										
1os,48s	h	s:-.1~.485	I<	>.799.48SJ	,.,	/94;ooo	I,c>.,13%1	,,		

$0						
$0						
$0						
$0						
$0	O¾li{(':	/ii;i2s'I		
$0!				
s.o	0%	,,:c+	:':2.142,		
$01	_O_o/ob'	:C.'s:§6;96rj		
		,.•	:;\• 3'.29%1		
,;':}~l,:/i')0%1	:c,,, 1;.729;540 , , '		

40,000			0.00%		
6,000			0.00%		
8,225		0	0.00%		
2,742		0	0.01%		
56,966			0.00%		
0	I\				
1;167,416		'(37,876);:c:-2.14%'		

Page6

EXPENSES

Aa;tJI

Lakewood Rane~ -~•-.,,,ardship Distlict		
Operations and M..	_)nee Budget Detail		
Budget	Final FY2019		
			
FY2018			

I  Final FY2019
Budget vs. Prelim.
FY2019 Budget

$

Change

% Change

	GENERAL MAINTENANCE AND MANAGEMENT APPORTIONED BY EDU's			
	PERSONNEL		125,000		
60724	Operations and Maintenance	Management Fee• LWRO Personnel			
	Subtotal			125,000		
						
	GENERAL					
	8ectrie					
60725	Uniforms					
60730	Job Materials				
60735	Phone/Radio					
60740	Office Supplies				
60745	Fuel & Ott					
60750	Equipment					
60755	Tools/Machinery				
60760	Supplies					
60765	Employment	Advertising		4,200		
60770	M"iscellaneous Maintenance				
					
	Maintenance	Facinty Rent				
	VehideR&M					
	Vehide Leases				
	Waste Management				
	Centralized Irrigation System		42_00		
	Subtotal					
	,;/Total'GeneralMaintenanceand·Mariagemeritt:,'ii<<•:.-,,....	..  ·.. ,, :c._ ·:·:,.1292_00		

143,000	114%	$0		
143,000	114%	$0		
		$0		
	I	$0		
6,0001		$0		
				
		$0		
		$0		
12,400		$0		
		$0		
500		$0		
500		$0		
		$0		
(2,200)	-52%	$0		
		$0		
1,200		$0		
7,800		$0		
1,600		$0		
		$0		
27,800	662%	$0		
\/170,800'	''132%1	,2_::,:•~		

0%	Xi	<:soo:ooo·		500,000	
0%	:i	500;0_0!,	_	500,000	

	:s.ooo	5,000		
	20;066	20,000		
	Jzooo	12,000		
	5000	5,000		
	so:ooo	50,000		
	H~p;qQo:			
		10,000		
	;,1,0:00Q	10,000		
	tfi	10,000		
				
		2,000		
0%		24,000		
	);~~::i	24,000		
		5,000		
				
		36,000		
	;:s}§,OQP:	5,000		
		2.000		
	•/"2,000-			
0%	,;;, ;;,::220.000•	220,000		

0.00% 0.00%

0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

50,000 25,000

...,...

:;-;,75,000_j,

Page7

L.lc.ewood Ranch st8ardslllp !lslric:t
Opera!ions and~ BUtlget Ddai

			Preimilary	Rnalf!ud¢	tonal FY2ll19	F'in:aJFY2019	ESTIIIATB>	PriQr		%		
	EXPEHSE5		Budget	FY2019;	Qirjget vs. Budget  Badget vs. Prelim.	BlllDOUT	SuildoJJt	SCl,aige			
		FY201!	FY2019: RES.						0lange		
														
/,a;t:		-~	2018-18	RES. 201 S-23	21118		FY2019&1dgel	{!!l	Estinare	-	0.00!.		
	RESaMS								200,000	200,000				
	ADMOIISTlViTIVE	8,2,:o					so	0%	42,517	54,000	(7,483)	•14.97%		
70000	lnSllranre		8,000	8,000	(241!)	-3'!1,								
7ll010	Mee!rlg·~	15,◄50	15,llOO	15,000	{450)	-3%	so	Cl'A	42.Sf7	25.000	17,517	70.117%		
70020	Real Eslale Ta,es	-	-	-	-	a.	$0		-	-	-			
70030	Engneerilg	70,000	70.000	70.000			so	~	75,000	200.000	1125.000,	-6250%		
70010	9ond Ager,! Fees	30.000	30..ooo	3),000	-	a,.	so	0%	75,000	106.2!?1	(31.291)	-29.44~		
70050	l.£,gclFees.	100,000	100.000	100,000	-		so	0%	125,000	300,000	{175,l)OO)	-!iB.J:l%		
						°"								
7000)	AaXmling	32.000	32.cm	32.000	-	Dir.	so	0%	125,000	159,437	[31,437)	-21.~		
70065	Lien Book and Tat R!:I	139,000	139,000	1J9.IJOO	-	or.	$0	(1%	150,000	193,000	(43.000)	-22211%		
70070	MUiiAlxlil	17,000	17,000	17,000		0%	so	~	75.000	711.719	(4,7't9)	-5.92%		
70080	Truslee	100,000	100,000	,00.000	-	0%	so	II'!:,	200..000	J/2,(f}/J	(172..020)   -46.2~"-		
70090	II.aria;,,,	85.000	85,000	2.5,000	-	0%	so	0%	2111,IIOO	180.000	20.000	11.11%		
70100	Travel and Per1liem	-	.	-	.		so		-	-	.			
70110	Telejihone		.	-	-		so		-	-	.			
70120	Pcs,age	1,500	1,500	1,500	-	O'J,	so	~	1.657	2,651	-	~		
71)1:SO	Ollice&Jl)pfes	1,500	1,500	1,500			so	0%		-	.			
70160	Otller ClmntChar!les	3,810	3.S,O	.3,810	-	a,.	so	0%	10,629	10,629	-	0.00'~		
70170.	D.es. t..i:enses. Sul>saiplixls	500	9l)	!U)	-	0%	so	0%	1,C63	1.1)63	-	0.00%		
70180	c.pitll ~nay	.	.	.	.		so		-	.	-			
70190	~ Rain Rl!nl		-	.	-		so		.	.	.			
70ZlO  Q.JlsideSerkl!$;1",..,,,,Adrl,,nslrall\leFee		.	-			so		-	-				
	TOTALAD1,IINISTRATIVE	604,000	603.310	603..310	1680	0%	so	0%	1.124.3113	1,US,IJ17	1555.434)	-,33..07%		
	EXPBt:icS GRAND TOTAL	3.815.141	5,005.662	5JIOS.662	t.1'1.522	31%	SQ	11%	11.iJi.704	l,IDM1i	(171,772)	-1.95%		
	ASSESSMENTS FROM FUTTED lOTS"	2.106,143	2.855.800	2,.9111,102	811,951!1	JS'1,	S62,3D2	3'J.	8.636,70-C	,,,or,n.	(171,77.2]	-t.95%		
	RfVEN\JES• % FROM PI.ATTED LOTS								100%					
	ASSESSMENTSFFOA UNl'l.ATTED	255,4ol	120,106	131,21)4	(124,262]	..49'J(,	S11,D9ll	4'1,			.			
	I..ANOOWNER (X)t(TR!llUT1()$ (A)	1,453,5)1	2.029,756	1,956.356	SD2,825	35%	-m.~oo	-10%			.			
	INTERESTINCOI.IE				.		so				.			
	OlllERlNCOME	.			.		~			uoa..m	-			
	TOTAL	3,815,141	5.DOS,662	5,005.662	1.19o.s22	31%	so	11%	8,636,704		(171,772T	-1~		
						TOTAL CHANGE VS. PRIOR YEAR	('f11,772J				
	OPERATIIG SURPLIJS (OEACIT)	0	0	0		I	SOI	0%1	0	0				

(Al INCLllDES LOTS NOT l'I.ATTEDAT BEGOOIING Of YEAR AND SOl.D TO A 1HIRD PAJITT OORING YEAR.

· Wlrll!SCape CXllllrads a/i! ~ of Uf mailt, slinib & CW1tl1111!$1t!l 8l!e man.. bed lllalll, and
1mga5an Sysleffl ~ and ospedicn Coalrattsae net incll!M! Olpalm anll caiilpy tree pnllli:lg, mule!\ a-.15 or irrigaliCn repairs.

"8uidout assessmellrisbudg!lllldJdesa~ ll>act0lJ!l.1 b - (l)Lllly~ ;mcolecfi:)n rees eqi,alilg lo~ and up b-◄% brdlsalunls ab.cl. Assessment ll!Yl!!IJe ilfmized lor Ille
	~ 2D19 Fiscal Ya ircalaJ!aled at 95% r:J IOll!I iaJsM! a Ille cuslllon..

(B)	SUILDOUT AMDI.INTS ARE IN CURRBfT YEARS. FINAL SUll.DOUT AH:lUNTS IL'Y BE SIGNIFICANTl.Y DIFFEREHTOUETO ECONOOIC FACTORS AND PL.AN CHANGES

AOOPTEDAND APPR-CMD SY RESOWTICII 2018-23 CFTIIE

LAAEWOOO RANCH STEW~ DSTRICT BOARD OF
sumMSORSfa.tOMNG A PUBUC HEAAINGv.ml'A OUCRUM

PRESENT Ah.'OWTING ON AI.IGUSI. 10. 2018

\  BY:

....

------	---

LAKEWOOD RANCH STEWARDSHIP DISTRICT

FOR OCTOBER 1, 2016 TO SEPTEMBER 30, 2019 DISTRICT OPERATION & MAINTENANCE BUDGET

BUDGET SUMMARY SCHEDULE SHOWING COST PER UNIT & ASSESSMENT PER UNIT

SOURCES OF FUNDS ASSESSMENTS - PLATTED PARCELS
SE

NW

NE

SRO

2018	FINAL BUDGET		
	FY2019; Res.		
ESTIMATE			
	2018-23		
			
$2,299.431	$3,006,105		

UNITS	AVG.PER		
	UNIT		
			
8,706	$345		

ESTIMATED BUILDOUT BUDGET

$8.436,704

				CHANGE	
UNITS	AVG. PER	UNIT	PRIOR YEAR	VS. PRIOR	
				YEAR	
26,551	$318		$326	($6)	

ASSESSMENTS •	UNPLATTED LAND	$255,467	$120,106	
		SE		
		NW		
		NE		
		SRO		
LANDOWNER CONTRIBUTIONS· SMR	$766,529	$2,029,756	
		SE		
		NW		
		NE		
		SRQ		
TOTAL SOURCES		$3,321,427	$5,155,966	
		SE		
		NW		
		NE		
		SRQ		

6,706	$345	

$0

$0

$8,436,704

26,551	$318	$328	($8)	

USES OF FUNDS

SOUTHEAST SECTOR

NORTHWEST SECTOR

NORTHEAST SECTOR

SARASOTA SECTOR

GENERAL MAINTENANCE

PARKS MAINTENANCE

GENERAL RESERVES

ADMINISTRATIVE

TOTAL USES

$963,309 $1,272,145 $198,229 $682,605 $126,600 $87,000 $0 $481,675 $3,811,562

$1,254,975 $1,413,650 $412,242 $799,465 $300,000 $222,000 $0 $603,310 $5,005,682

Variance $291,666 $141,506 $214,013 $116,881 S173,400 $135,000 $0 $121,635 $1,194,100

Variance Notes:

Masters & Boumeslde

44th. 117s~eel, elc.

Uihlein Road

All new

O&M Management Fee; LWRD

Parks Completed

New bonds/ more activity

$

1,577,970 1,816,841 1,147,970 1,729,540 720,000 320,000

1,124,383 6,436,704

4,076 6,650 9,797 4,027 26,551 26,651 26,551 26,551 26,651

$387 $210 $117 $429 $27 $12 $0 $42 $318

$370	$17	
$163	$27	
$106	$11	
$439	($10)	
$34	($7)	
$7	($7)	
$62	($20)	
$326	($6)	

NET ADDITION TO FUND BALANCE

USES CHANGE VS PRIOR YEAR

PERCENTAGE CHANGE

		ASSESSMENT PER UNIT BY SECTOR:		
-$490,136	$150,305	SOUTHEAST SECTOR TOTAL	$469	
		NORTHWEST SECTOR TOTAL	$292	
	$1,194,100	NORTHEAST SECTOR TOTAL	$199	
	31%	SARASOTA SECTOR TOTAL	$511	

$481	($12)	
$297	($5)	
$217	($18)	
$550	($39)	

Current year per unit assessments are the projected amount of the per unit annual assessments et bulldout. The per unit annual assessment at bulldout Is based on estimated EDU'sat bulldout and acres within the District, Please see detail schedules on both end please note the following:

BUILDDUT AMOUNTS ARE ESTIMATES BASED ON INFORMATION AT THE TIME OF THIS SCHEDULE USING NEW BUDGET YEAR$.

ACTUAL BUILDOUT AMOUNTS MAY BE SIGNIFICANTLY DIFFERENT FROM THE AMOUNTS SHOWN ABOVE DUE TO CHANGES IN LAND PLANS, EDU's,INFLATION

Page9

LAXEWOOO RAJ.IOI STEWAAD$HIP DISTRICT

ESTlll.ATEO EOl/t BY COMJ.I.UIUTY AUD AUOCATIOU Of OPERATIOIIS & LUMENAHCE BOOOET • BA SEO Otl PROJECJ10US All Of l,UY 2011

FOR OCT OSER 2011 TO BEPJHl0ER 201tDISTRICT Of'ERAJ10US & WJUTEtwlCE BUDGET

RES	llTS

PER EDU

Ro',oetutb&udoo#olEOU			
AS$ESSldEHTS			
RcVE/11/E	PRIOR	VAA		
TOTAi.	YEAR			

""' ,.

m

'"m " "

SE SECTOR 1.AkEClW•SF·Phl:ltl&2 !.Al<ECLUB•SF •Phau3 (S~) W<ECLUB-SF-Phtn4•Slod;O..~ EMT•SF EAST· L'F • "Ckbi.iM• CCEEASTGOLFCOOOSE OElWEB8•Plh~ Tol&.<ho1 Oi:«Stds«,i:sota,CtOoo;Sd»'.i!S'u &ltcres

SMR-
IRllVCOO/lERSVlo1>_Pt,,)-1!'!,ll(>I""'"'
R.EI.WIIIIG EAST WIJ ,(Emtolllorn)
T~P«cel•&ll«tl'«r.11.wtn&BouTIAA
SUBTOJJl.

'"60 JC< U60 11

1,lOO 1511

160 3,tS2

II

l,»l 1511

ISJ,119	151.837	-lll		
31.e;I	•	31,16~		
0				
	•			
..,..,,				
	Ks5,l2S			
21.i.sa	22,13'			
'™	a,61!			
	118,Sll			
!31,3',0				
0	0			
0	0			
5,621	0			
0	5,71S			
	0			
	0			

""'	NW	SECTOR	"'	"'	.,	11%		
	CEmRAl.PARK						
					0%		
							
	CEmRALPAAKCOMM						
	...	C.  •	1024	1011		20'~		
	ESPWW>E • Sf						
	ESPUJW>E•'Mf(Toarh:ffie:,)	11,	M		2%		
	BRIOGEWATER-LM'WHotM.l	m	275		6%		
		rt-SF	112	112		3%		
				,,.		3%		
	HAIWOJrf .Mf (fa.NIOfl'lolt)	l35	261		3%		
	lOSTCR.EEX~ARTIIE/llS	m			3%		
	CREEXSlOEAPARTMEHTS	216	121				
,rn	LUXAPARThlEIITS•Dr/;11~.PatdJ	237	Ill		3%		
	P"'""'lllRlblon)	160	160		0%		

	lNISeetorPll'Cd"F"			I	0%		
	INISecttPaul'K"			I	0%		
n	~~Slts-Pa-cehl'1Q			3!	0%		
	Pffl'f".olft/4'1h	16	16		0%		
				10	0%		
	Porul'H'•-11.arano						

2.C0,119	2!5,15-4		
0	•		
			
21f.lJI	131,0ll		
25,1511	11~21		
l»,175	11,619		
41,@	12,115		
43,2'5	u,m		
39,'51	60,161		
31)11	37.m		
34.SII	3$,170		
•	•		

	--			
"	l			
	lektlloMA<qu,l!oo>,UC•T•"'"""l"""""°"/Ro'.ol)	250		
	l.&\tNoM~~oru,llC-TrMkd:~atneds)			
IV	""""'°""""'			
	COREt~187tcre.s			
	...			
	SEMORLYFESTYlES • lWCfl lot I			
	LWCNld5			
	1JITERCOA.STAL UcO PHZ • MOB U• LWCJ.l ld: f & 7			
	LWCNlot8			
	OOEWEll•LWCN Ldt			
	!NIERCO/.STAL l,1Ell1CALGRO'-"-l\',,:/I I« 10			
..,				
,.		103		
				
		121		
		"'IOI		
21		360		
		516		
"'		m		
		IOl		
'"		l!O		
M	FWtP.-cd•!H/«imetcfl.<rnir,t&«lb•6So:rts	m		
	P«edV-i.M'lolWooif..ulTtl..•~	»3		
	P~V-SolAlrJWood•ulTd.-~	500		
	PfflV,Sov11rJWoc;Jle.JITd.	160		
	IIIIC<rn<ttl«<h&V.,,'1E""·-			
	Pffl"ff"-$Ecan«rJ117fllOOSM4•ReW			
	Patel GG, m I, JJ, kl<, LL-252,S:,OSq A· n:ldtt l'J:u-ep.tih			
	P«<dGG.1§\~JJ.KK,U•-Mll'l<AEa,~	~		
	..			
rn	Suhnu1  •  &			
	c«d<vS.VS"""			
'" MOOEP«eeb			
	SUBTOTAL	~11		
""'	NE SECTOR	l,m		
	lAl<EWC<lOIIATIO!lAl.- l<Ma'Hanoo			
'"'POlORlRl•Lw«~	423		
	AJ1\JRE RESIOEJ/l!AL	7,0!8		
	FUTURECOI.WERClA.l			

125	11		
	20		
			
	20		
	.,.		
	41		
	30		
	20'		
	10		
	'		
103			
II			
m			
61			
10,			
571			
475			
103			
""			
m			
160			
2!'!	!O		
			
120	IOI"		
125			
			
	3!		
	.,.		
	m		
,.,,,	2.•i,		
			
1.577			
413			
7,0!8	'°'		

715 212

715 212 0 0

W{1~

Jii

2% 0% 0% 0% 0%

1% 0% OIi 0% 0%

4% 1% 6% 0% 4% 12* $% 0% 0%

0%

0% OIi OIi 0% 0% 0%

7 22% 0% 0%

25,123		
0		
0		
0		
0		
IZ003	12.211	
•	0	
mi	zm	
0	0	
Z5'1	2,62'	
u,2	3,015	
$3,353	Sl.311	
17,lM	,,1os	
11,562	33.531	
3~1	J)IS	
5Zl71	11,IO!	
117.lll	n.m	
IUOS	70,04!	
0	0	
0	0	

,,,.,		
S!,310		
0		
15Z<>ll	15,911	
IZIIJ	0	
0	0	
0	0	

,~	lomlnt&SRJO,HEComr			m					j{t=	0%		
		Bly$ldtPetRu«t												
												0%		
"~	P\b2:t+3~				II'						.,.,,~COIi			
..,														
																
	8lgim8"Skn,i,									,:w~	0%		
														
II		lcmilr.eHECcrrb"S•lob6&7			u				0		/~~	0%		
'"	LatWtl IIE	CctNo	• lc:t 3			30				0			0%		
	LCl'l'liM HE	c«r.n	-ld '		,....	30				0.	:(¾11'			
"'	SUBTOTAL					709				0:	··.'o'o.ooi;			
										m					
		lon:MflE~·ldS	·"'		30									
""'		SARASOTA													
				1,021	1,021										
	f\lI\RESIUGLE F#JALY												
			F.UILY	MIi	1,542					2'6					
""				-AIOI'	2'6	1'6										
				·Hi:melbyf(l'ffl!i•SF	331	331					!31					
"'"~			"'	20)	115										
					112	M										
																
							mr	w:	·'					
		~&~~AJws,mcrtskeCM-y.dPr:tPb!.N!EDUAJfc6>nlkiltM~as$tSlltltds~M'tn0t1~rtb'IEOU					
	S~f.,.Jttbne=IEOU			CO!ivr,!tcilllEOUS	2.&'(ISQFT.=IEDU					
	Ml.tiF,riftb'MhlllrJEDU			Th,aSqartFHtlsah!tGOP	11	~~PIM.•lot!l:sq.15'lfH:~f1M-OrBeslE.t~		
		Th!~AJsau/l'Jel"lP«EDUl!lm)l,rl!IMlnlb.wlsgoued1..pby7'1tb'~MIMIIMate,oc«d)'Re:!IIE,t,:oTll(~kr,dce,.					
		Th!1,ou~ls4'1t~kteat(p,,mtt,1,.~~Uffeed1.5%5Tm:CO'kdafHrJ1.5%									
		Prt•s~~~••chrr~~diedbltdenmst1-Sl1'1Cftet1 ■ p«ei:nbetbfol'w.dlt.!Ctw1a.nMI\Mrdbeo'I~					
		f>1,e,a,1se,m~dea~ktlN3wnwnen1~												

0

0

0

0

HUZ

·""·

P.aqt

10

LAKEWOOD RANCH STEWARDSHIP DISTRICT		OF MAY 2018				
ESTIMATED ACRES BY PARCEL BASED Off PROJECTIONS AS					
FOR ALLOCATION OF OPERATION & MAIHTEHAHCEASSESSMEHTS	Off LAND HOT PLATTED			
FOR OCTOBER 2018 TO SEPTEMBER 2019	DISTRICT OPERATIONS & MAINTENANCE	BUDGET			
					
RE								
					BUILOOUT		
			TO		BUDGET		
SE SECTOR •Manatn County	728							
LAKE CLUB								
EAST OF LAKE CLUB	909							
CC EAST	1,164							
CCE GOLF COURSE	350							
EAST PULTE AGE REST	604							
REMAINING EAST LANO	167	83						
Diocese of Sarasota								
UNIV CORNERS/SMR		30						
SUBTOTAL	3,912	11			1,	77,970		

PER ACRE ASSESSMENT AMOUNT

285,407 356,388 456,337 137,216 236,793 61,551 32,539 11,761 0 39

NW6ECTOR CENTRAL PARK CENTRAL PARK

COMM

355 18

201,297 10,144

LOSTCREEKAPAATl.!EUTS			
CREEl<SIOE,W/llllEJITS			
LUXAPAAIJ.IOOS	•D'"1sOe~.Plltt! J			
tHISetb'P•cel'r				
tNl~Pareer•p			
W""'°"C...,Plltt!'r			
~CtnlitPatul"./'			
OllwlJr.liFM"ij 0  1-bt!l•~J			
OMConMtlal Situ -Paru!s LE Q			
Oil>!< IAF U.,, • Plltt! R			
w	c1,m,a,••			
SE!llORL'IFESffiES,l\'ICIILol1			
LV/Clllol5				
UOBII-LWCUlol8&7			
LV/Clllol8				
TIOEV,£1l.·LVx:Jllol9	10		
INTERCOASTAl. IJEOICAL GROlP. rnal lot			

195 400 278 246 24 17 24

64 14 90 149 4 35 44

7 4 3 1 2 3

110,696 227,069 167,813 139,080 13,605 9,480 13,824 30,864 8,174 61,0QO 84,583 2,044 20,096 24,864

3,590 2,486 1,638 781 1,414 1,663

100 150 21 93 304 22 31

75

66,787 85,151 11,921 52,794 172,572 12,859 17,428 42,675

BUSINESS PARK		
COMMERCE PARK ,east 0/ LWRB	
BUSINESS PARK	,east 0/ LWRB	
SUBTOTAL		

2,

	182		
	144		
8	113		
	552		

103,318 81,745 64,147 668

NE SECTOR COMMERCIAL MULTI-FAMILY 1-'l<EVIOOOW.TIOIW./POI.OR!RI RESIDENTIAL SUBTOTAL

SARASOTA RESIDENTIAL COMMERCIAL HERITAGE RANCH HAMLETS SUBTOTAL

ADMINISTRATIVE/GENERAL

Totals

161 1,292 3,613 5,066

5,500

797

797

120 2,258

156,052		
31,624		
252,973		
707,422		
96		
1,154,148		
26,101		
473,829		
76,383		
2	0		
101	H	
3			

Wetland Systems Nol Assessed - benefit alt		1,724				
TOTAL DISTRICT ACRES PER BOND VALIDATION	23,055				
					
NOTE:		acras plus 178 ae,es •Ritz: Option• and 135	acre ,-,langfe		
CC East b CounllyClub East consisting ol lhe orlglnal 851				
NE Sect.or• land east or Lorraine Road and	north or State Road 70- East Norlh@ 3,401	acres & East	Soutti al 2,462		
Sarasota~ Iha 8,242 acres ol Sarasota land	Is per Sarasota County Tax ID fl.s Vttien Olslrlct was fOfmed		

	The District charges lhe Land OWner an annual	
pareat = 1,164	per &Cfe assessment fOf Iha undeveloped land	
acres= 5,883  equal lo 50% or Iha Admnlnlstrallve per acre	
	~b~ul~ldou=IbU=d~•I~. -------~	

Land OWntr contribution Summary			
Unpleled Acroge Contt1bullon,				
Land own,rs				
Soulhtutsacfot;				
Stock Development (Lake Club Ph	4)			
Pulte Homes (Del Webb)				
Toll Brothers (The Isles at LWR)		SIie		
Diocese ol Sarasota- Cillholc School			
IRWCORl,9<S (ll:,t,/.m,<se., Prope<Oeo)			

	#orTolal	UnllPer	
#ofACfes	EOll	Aae	
450.00	304	0.66	
843.00	1,300	2.02	
339.00	450	1.33	
83.00	40	0.48	
20.00	80	3.00	

# of Plalled

EDU

0 707 0 0 0

EDU Nol Pfalled	
Divided	by	
UnlP«~ID	
Equ,IAll-.:IDB>lCln	
450		
293		
339		
B3		
20		

Per Acre

Assessment

"Eq.tllllaffldN Mril!ptt"a:nb..iklo.l.

$51 $51 $51 $51 $51

Northwut Sector;		17.87		
Central Palk Commercial Land				
Esplanade- TayforW.onlson		400.00		
HARMONY - Mattamy Homes		245.00		
Palasades - DR Horton		53.22		
TaYls\od(		42.00		
Mercedes Medical		5,00		
OpUmal Outcomes		5.00		
MALLORY PARK - Olvosla Hooias		150.00		
SAVANIW-I • Merflage Homes		304.00		
WoodleafHammoek-Homes by Towne		74.40		
Northoasl Sector;	Lennar Homes			
LAKEWOOD NATIONAL I POLO RUN-		1.292,00		
Looalne NE Comers• Publix		16.94		
Bayd:!,&PetRe,,;rt		2.88		
BgJm"1fS""9'		6.52		

60

1,112 410 140 212 20 20 382 475 183

2,000 100 8 59

3.38 2.78 1.87 2.63 6.05 4.00 4.00 2.55 1.66 2.45

1.55 5.90 2.19 10.61

0

1,036 291 0 87 0 0 277 238 0

977 0 0 0

18

27 71 53 25 5 5 41 153 74

661 17 3 7

$51

$51 $51 $51 $51 $51 $51 $51 $51 $51

$51 $51 $51 $51

~ Davis DeYelopmenl Apartments

R/.,C<trl""i•AMtedlWqfeclty Tolal Non•SMR

25.00 7.00

145 BB

ti.80 12.29

25 7

2,377

$51 $51

Paga

11

LAKEWOOD RANCH STEWARDSHIP DISTRICT

Projected General Malnlenance & AdmlnlaltaUon Cost al Bulldoul • Shared Ex  enses Per EDU

				EQUIVALENT DWELLING UNITS (EDU'S)									
	Projected	SE Sector	NW Sector	NE Sector	SRQ Sector							
	Bulld•Out											
																
	Budget	4,016	8,650	9,797	4,027							
		15%	PerUnit	33%	Per Unit	37%	PerUnlt	15%	Per Unit							
Field Staff Pa  roll; Subtotal	500,000	76,759	$16.63	162,905	$16.63	164,499	$16.63	75,637	$18.83		41,143	87,317	98,691	40,848		
Uniforms	5,000	768	$0	1,629	$0	1,845	$0	758	$0							
Job Malerials	20,000	3,070	$1	6,516	$1	7,360	$1	3,033	$1		921	1,955	2,214	910		
Phone/Radio	12,000	1,842	$0	3,910	so	4,428	$0	1,820	$0							
Office Supplies	5,000	768	$0	1,629	$0	1,845	$0	758	$0							
Fuel&OH	50,000	7,678	$2	16,291	$2	18,450	$2	7,584	$2		1,904	4,040	4,576	1,681		
Equipment	10,000	1,635	$0	3,258	$0	3,690	so	1,517	$0							
ToolsMachlnery	10,000	1,535	$0	3,258	$0	3,890	$0	1,517	$0		77	163	184	76		
Supplies	10,000	1,535	$0	3,258	$0	3,690	$0	1,517	$0		77	163	184	76		
Employmenl Advertising	2,000	307	$0	652	so	736	$0	303	$0							
Miscellaneous Malnlenance	24,000	3,684	$1	7,819	$1	6,856	$1	3,640	$1		307	652	738	303		
Malnlenance Facilil)' Rent	24,000	3,684	$1	7,819	$1	6,856	$1	3,840	$1							
Vehicle R&M	5,000	768	$0	1,629	$0	1,845	so	758	$0		184	391	443	182		
Vehicle Leases	36,000	5,527	$1	11,729	$1	13,284	$1	5.460	$1		1,197	2,541	2,878	1,183		
Wasle Managemenl	5,000	768	$0	1,829	$0	1,845	$0	758	$0		248	521	590	243		
Centralized Irrigation System	2,000	307	$0	852	$0	738	$0	303	$0							
Sub!Otal	220,000	33,77(	$8	71,678	$8	81,179	$8	33,368	$8		4,913	10,426	11,808	4854		
Parl!s	320,000	49,126	$12	104 259	$12	118079	$12	48535	$12		34,081	72,330	81,917	33 671		
ALL TOTAL	1,040,000	159,660	$39	338,843	$39	363,751	$39	151,740	$39		80,137	170,073	192,617	79,173		
ADMINISTRATIVE																
Insurance	42,517	6,527		13,852		15,889		8,449			1,228	2,606	2,952	1,213		
Meeting Advertising	42,517	6,527		13,852		15,689		8,449			2,303	4,887	5,535	2,275		
Real Eslale Taxes																
Engineering	75,000	11,514		24,436		27,675		11,375			10,746	22,607	25,830	10,817		
Bond Agent Fees	75,000	11,514		24,436		27,875		11,375			4,608	9,774	11,070	4,550		
Legal Fees	125,000	19,190		40,726		46,125		18,959			15,352	32,581	38,900	15,167		
Aerouning	125,000	19,190		40,726		46,125		10,g59			4,913	10,426	11,808	4,854		
Lien Book and Tax Roll	150,000	23,028		48,872		55,350		22,751			21,339	45,286	51,291	21,083		
Annual Audit	75,000	11,514		24,436		27,675		11,375			2,610	5,539	6,273	2,576		
Trustee	200,000	30,704		65,162		73,799		30,335			15,352	32,581	36,900	15,167		
Manager	200,000	30,704		65,162		73,799		30,335			13,049	27,694	31,365	12,892		
Travel and Per Diam																
Telephone														226		
Poslage	2,857	408		888		981		403			230	489	553			
Office Supplies											230	489	553	228		
Olher Current Charges	10,629	1,632		3,483		3,922		1,612			585	1,241	1,406	578		
Dues, Licenses, Subscriptions	1,063	163		346		392		161			77	163	184	76		
Capttal Ouday																
Meeting Room Ren!																
OulSlde SelVices; Counl)' Admlnlskative Fee									·:/603,310				91506		
TOTAL ADMINISTYRATIVE	1124383	172,614	$42	366,336	$42	414 894	$42	170 539	$42		92,619	196,565	222620			

Page 12

FISCAL

YEAR2017/2018

BUDGET DEFICIT FUNDING AGREEMENT

BETWEEN LAKEWOOD RANCH STEWARDSHIP DISTRICT AND SCHROEDER-MANATEE RANCH, INC.

THIS AGREEMENT 2018, by and between:

(the "Agreement")

is

made and entered into the 7	th		

day

of

December,

LAKEWOOD  RANCH  STEWARDSHIP	DISTRICT,  a  local  unit  of special-purpose		
		2005-338,  Laws  of Florida,	and		
government  established  pursuant  to  Chapter				
		address  is		
located  in  Manatee  and  Sarasota  Counties,  Florida  whose  mailing			
				
12051 Corporate Blvd., Orlando, Florida 32817 (the "District"); and				

SCHROEDER-MANATEE  RANCH,  INC.,  a  Delaware	corporation		
			
developer within the District, with a mailing address of 14400		
Lakewood Ranch, Florida 34202 (hereinafter "Developer").		

and the master Covenant Way,

Recitals

WHEREAS, the District was established	pursuant		
			
for  the  purpose  of planning,  financing,	constructing,		
				
infrastructure improvements permitted by the Act; and		

to Chapter operating

2005-338, Laws of

and/or  maintaining

Florida,

certain

WHEREAS,  the District, pursuant to the Act,  is  authorized	to levy such taxes,  special		
					
assessments, fees and other charges as may be necessary	in furtherance of the District's activities		
							
and services; and											
WHEREAS,  the  District  previously	adopted  its  operating  budget  for  the  Fiscal  Year		
2017/2018  as  amended  from  time  to  time  (the  "2018  O&M  Budget"),  which  fiscal  year		
commenced on October  1,  2017,  and concluded on September 30, 2018, a copy of which is		
attached hereto as Exhibit A; and											
WHEREAS,  the  Developer  is  developing	certain real  property within the  District  and		
	of	the lands within the District identified	in the		
through its subsidiaries presently owns a majority					
					
District's Fiscal Year 2017/2018 Assessment	Roll attached to Exhibit A, which benefit from the		
			and							
continued operations of the District (the "Prope1iy");								
								
WHEREAS, the District previously levied non-ad valorem	special assessments on certain		
lands within its boundaries benefiting from the activities, operations, and services set f01ih in the		
2018  O&M  Budget  (the  "O&M  Assessments"),  and  has  the  authority  to  utilize  such  other		
revenue sources as may be available to it; and										
WHEREAS,  due to the nature and complexity of the development and operation	of the		
lands within the District, the District is unable to predict with absolute	certainty the amount of		
				
monies necessary to fund its activities, operations, and services set forth in its annual operating		
budgets, including the 2018 O&M Budget; and									

1

WHEREAS,  due  to  accelerated  development  of  new  areas  within  the  District	not		
			
anticipated in the 2018 O&M Budget, ce1iain landscaping and irrigation expenditures for Fiscal		
Year 2017/2018 exceeded the total amount of O&M Assessments	levied, imposed, and collected		
				
to fund the 2018 O&M Budget by $279,830 to date (the "2018 O&M Budget Deficit");			
WHEREAS,  in lieu of levying an increased	amount in O&M Assessments on the lands		
					
within the District, including the Property, to fund the actual 2018 O&M Budget and to enable		
the District to continue operations, the Developer has previously provided the monies necessary		
to fund the 2018 O&M Budget Deficit and agrees to pay any additional operating expenditures		
for Fiscal Year 2017/2018 not otherwise funded by O&M Assessments levied upon the benefited		
lands located within the District (collectively, the "O&M Budget Payment").			

Now,	THEREFORE,	
covenants of	the parties, the	
the pmiies agree as follows:	

based receipt

upon good of which and

and valuable sufficiency of

consideration and the mutual which is hereby acknowledged,

SECTION are incorporated

1.	RECITALS.  The recitals so stated are true and correct and by this reference	
intoformand	a material pmi of this Agreement.	

SECTION

2.

PAYMENT OF DISTRICT'S

O&M

BUDGET.

1.

11.

Payment of O&M Budget Expenses.	The Developer has provided the District		
										
with the monies necessary to fund the 2018 O&M Budget Deficit, and agrees to		
fund  all  additional expenditures of the 2017/2018	O&M Budget not otherwise		
							
funded through O&M Assessments levied upon benefited lands located within the		
District.  The funds provided hereunder have or will be placed in the District's		
general checking account and used to fund operating	expenses	of the District.  In		
		ability to levy O&M		
no way shall the foregoing in any way affect the District's			
					
Assessments  upon  the  lands  within  the  District,  including  the  Property,  in		
accordance  with  Florida  law,  to  provide  the  funds  needed  for  any  unfunded		
expenditures whether such expenditures	are the result of an amendment to the		
									
District's 2018 O&M Budget or otherwise.								
Consent to Funding of 2018  O&M Budget.	The Developer acknowledges  and		
					of operations	and		
agrees that the O&M Budget Payment	represents the funding				

maintenance expenditures that would otherwise be appropriately funded through		
O&M Assessments equitably allocated to property within the District, including		
the Prope1iy, in accordance with the District's assessment methodology.			

SECTION 3. ("Notices") shall be prepaid, or telecopied

NOTICE.	All  notices,	payments	and  other  communications  hereunder		
					
in  writing  and  shall  be	delivered,  mailed  by  First  Class  Mail,  postage		
to the pmiies, as follows:				

A.

If

to District:

Lakewood Ranch Stewardship District

12051 Corporate Blvd.

Orlando, Florida 32817

2

B.

With a copy to:

If to Developer:

Attn:  District Manager

Hopping Green & Sams, P.A.

119 South Monroe Street, Suite 300

Tallahassee, Florida 32301

Attn: District Counsel

Schroeder-Manatee Ranch, Inc.

14400 Covenant Way

Lakewood Ranch, Florida 34202

Attn: Dan Perka

SECTION 4.	AMENDMENT.	This  instrument	shall  constitute  the  final  and  complete		
expression of the agreement between the pm.ii es relating to the subject matter of this Agreement.		
Amendmentswaiverstoand	of the provisions	contained in this Agreement may be made only by		
					
an instrument in writing which is executed	by both of the parties hereto.		

SECTION 5.	AUTHORITY.	
by the appropriate body or official	
requirements of law, and each party	
provisions of this instrument.	

The execution of this Agreement has been duly authorized		
of all parties hereto, each party has complied	with all the		
			
has full power and authority to comply with the terms and		

SECTION 6.	ASSIGNMENT.	This	
by  either  party  except  upon  the  written	
unreasonably withheld.		

Agreement may not be assigned, in whole or in part,		
consent	of	the  other,  which  consent	shall  not  be		

other right

SECTION 7.	DEFAULT.  A default by either party under this Agreement	shall entitle		
				
to all remedies available at law or in equity, which shall include, but not be limited to,		
of damages, injunctive relief and specific performance.			

the the

SECTION 8.	THIRD PARTY RIGHTS.	This Agreement is solely for the benefit	of the		
formal parties herein and no right or cause of action shall accrue upon or by reason hereof, to or		
for the benefit of any third paiiy not   fmmal pmiy hereto.  Nothing	in this Agreement expressed		
				
or implied is intended or shall be construed to confer upon any person or corporation other than		
the  pmiies  hereto	any  right,  remedy or  claim under  or by reason  of this  Agreement	or  any		
				
provisions  or  conditions  hereof;  and  all  of	the  provisions,	representations,  covenants  and		
conditions herein contained shall inure to the sole benefit of and shall be binding upon the parties		
hereto and their respective representatives, successors and assigns.				

SECTION 9.	APPLICABLE  LAW  AND	
contained herein shall be construed, interpreted	
of Florida.  The paiiies agree that venue shall be	

VENUE.	This  Agreement  and  the  prov1s10ns	
and controlled according to the laws of the State	
in Manatee and Sarasota County, Florida.	

SECTION 10.	NEGOTIATION AT ARM'SLENGTH.	
fully between the paiiies as an aim's length transaction.	
preparation of this Agreement with the assistance of their	

This Agreement has been negotiated The parties participated fully in the respective counsel. In the case of a

3

dispute concerning the interpretation	of any provision	of this Agreement,	the parties are each		
					
deemed to have drafted, chosen and selected the language, and the doubtful language will not be		
interpreted or construed against any party.				

SECTION

11.

EFFECTIVE

DATE.

The Agreement shall take effect upon its execution.

IN WITNESS written above.

WHEREOF,

the  parties  execute this  Agreement  on the  day  and  year first

Attest:

LAKEWOOD RANCH STEWARDSHIP DISTRICT

Secretary/Assistant Secretary

Witness:

Witness

Vice-Chairman, Board of Supervisors

SCHROEDER-MANATEE RANCH,	INC., a		
			
Delaware corporation			

By: ______________	_		
			
Its:	-----------------		

EXHIBIT

A:

Fiscal Year 2017/2018

O&M

Budget & Assessment Roll

4

EXHIBIT A
Fiscal Year 2017 /2018 O&M Budget & Assessment Roll

LAKEWOOD RANCH STEWARDSHIP DISTRICT

Resolution 2019-11

RESOLUTION 2019-11				
A RESOLUTION OF THE BOARD OF SUPERVISORS OF			
THE  LAKEWOOD  RANCH  STEWARDSHIP  DISTRICT			
REGARDING   THE	A WARD   OF   A	CONSTRUCTION			
CONTRACT;  PROVIDING  A  SEVERABILITY  CLAUSE;			
AND PROVIDING AN EFFECTIVE DATE.			
WHEREAS, the Lakewood Ranch Stewardship District (the "District"), is a local unit of		
special-purpose government established	pursuant to Chapter 2005-338, Laws of Florida to plan,		
construct, install, acquire, finance,  manage and operate public improvements and community		
facilities for lands within the District; and							
WHEREAS, the District has solicited	bids from prequalified contractors interested in		
		th	Avenue East Phase IV Roadways	project (the		
providing construction services related to the 44					

"Project"); and								

WHEREAS, contractors interested

the District has received and evaluated bids from three (3) prequalified in providing those services; and

WHEREAS, Watson Civil bid amount (the "Contractor"); and

Construction, Inc. submitted a responsive bid with the lowest

WHEREAS,

the Contractor.

in the

best

interest

of

the District, the Board desires to award a contract to

NOW THEREFORE BE IT RESOLVED  BY THE  BOARD		
OF   SUPERVISORS   OF   THE   LAKEWOOD   RANCH		
STEWARDSHIP DISTRICT:				
SECTION 1.  All of the representations,	findings and determinations contained within		
		incorporated into		
the recitals stated above are recognized	as true and accurate and are expressly			

this Resolution.					
SECTION 2.  The  bid  submitted by the  Contractor  is  the  bid  which  best  serves  the		
interests of the District.					

SECTION 3.

the Project.

The Contractor shall be awarded a contract for construction services for

SECTION 4. The Chairman and District Staff this award to all bidders to the extent required by law contract with the selected proposer.

are hereby authorized to and to proceed with the

give notice of execution of a

Page

1

of

2

SECTION 5. If any provision of this Resolution provisions shall remain in full force and effect.

is

held to be illegal or invalid, the other

SECTION 6.	This Resolution shall become effective	upon its passage and shall remain		
				
in effect unless rescinded or repealed.			

PASSED AND

ADOPTED

this

7	th	day		

of

December, 2018.

ATTEST:

BOARD OF SUPERVISORS OF THE LAKEWOOD RANCH STEWARDSHIP DISTRICT

Secretary/ Assistant Secretary	Chairman / Vice Chairman	

Page

2

of

2

LAKEWOOD RANCH STEWARDSHIP DISTRICT

Resolution 2019-12

RESOLUTION 2019-12	
A RESOLUTION OF THE BOARD OF SUPERVISORS OF	
THE  LAKEWOOD  RANCH  STEWARDSHIP  DISTRICT	
REGARDING   THE	A WARD   OF   A   CONSTRUCTION	
CONTRACT;  PROVIDING  A  SEVERABILITY  CLAUSE;	
AND PROVIDING AN EFFECTIVE DATE.	
WHEREAS, the Lakewood Ranch Stewardship District (the "District"), is a local unit of	
special-purpose government established	pursuant to Chapter 2005-338, Laws of Florida to plan,	
construct,  install,  acquire, finance,  manage and operate public improvements and community	
facilities for lands within the District; and		
WHEREAS, the District has solicited	bids from prequalified contractors interested in	
providing construction services related to the Rangeland Parkway and Post Boulevard Extension	
project (the "Project"); and			

WHEREAS, contractors interested

the District has received and evaluated bids from four (4) prequalified in providing those services; and

WHEREAS, Frederick Derr & Company, lowest bid amount (the "Contractor"); and

Inc.

submitted  a responsive  bid  with  the

WHEREAS,

the Contractor.

in the

best interest

of

the District, the Board desires to award a contract to

NOW THEREFORE BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE LAKEWOOD RANCH STEWARDSHIP DISTRICT:

the this

SECTION 1.	All	of the representations,	findings  and dete1minations		
					
recitals stated above are recognized	as true and accurate and are expressly		
				
Resolution.						

contained within inc01porated into

SECTION 2. The interests of the District.

bid  submitted by the  Contractor

is

the  bid which  best  serves  the

SECTION 3.

the Project.

The Contractor shall be awarded a contract for construction services for

SECTION 4. The Chailman and District Staff this award to all bidders to the extent required by law contract with the selected proposer.

are hereby authorized to and to proceed with the

give notice of execution of a

Page

1

of

2

SECTION 5. If any provision of this Resolution is held to be illegal or provisions shall remain in full force and effect.

SECTION 6. This Resolution shall become effective upon its passage in effect unless rescinded or repealed.

PASSED AND ADOPTED this 7th day of December, 2018.

invalid, the other

and shall remain

ATTEST:	BOARD  OF  SUPERVISORS  OF  THE

LAKEWOOD RANCH STEWARDSHIP

DISTRICT

Secretary/Assistant Secretary	Chairman/ Vice Chairman	

Page 2

of2

LAKEWOOD RANCH

STEWARDSHIP DISTRICT

Construction Management Agreement for Lakewood Ranch Boulevard South Project

		CONSTRUCTION MANAGEMENT AGREEMENT				
THIS  CONSTRUCTION	MANAGEMENT	AGREEMENT  (the "Agreement"),	is		
	1./{)I.IIZIJIGBZ--:-	,	2018,  by  LAKEWOOD  RANCH		
made  this	/ /	Z?l.	day	of						
STEWARDSHIP DISTRICT,	a Florida Independent special district created	by Local	Bill		
					
		2005-338, Laws of Florida, whose address is c/o Fishkind		
No. 1429, codified at Chapter			
Associates,	12051	Corporate	Blvd. 1   Orlando, FL 32817 ("District") and SOUTHWOOD		
VILLAGE LLC,	a Florida	limited liability company,	whose address is 7940 Via Dellagio		
							
						.					
Way, Suite 200,												
	Orlando, FL 32819 ("Southwood")					

WHEREAS,

of Fruitville Road in

District is Sarasota

managing the construction of Lakewood Ranch Blvd north		
County, Florida, (the	11	Project"); and		

WHEREAS,	Southwood	owns property adjacent	to the Project and desires	to have		
						by District'scontractor		
			of work being performed				
the District include	within	the scope					
certain work for the benefit of the Southwood property (the	0	Work"),	which	Work is		

itemized on the Woodruff	& Sons, Inc. Invoice	attached hereto and incorporated herein;		
															
and																				
WHEREAS,	District is willing to add the Work	to the scopetheof	Project	on the		
							
condition that Southwood reimburse the District for the cost of the Work;							
NOW THEREFORE,	in		consideration of the benefits to be received by each	party		
						
from the completion of the Work as part of the Project,	and for other good and valuable		
consideration, the receipt	and	sufficiency of which	are hereby acknowledged, the parties		

agree as follows:																				

1.	Recitals.

incorporated herein.

The  above  recitals  are  true

and

correct  and  are  hereby

2.	Performance of the Work.	District	shall include the Work	in the scope of		
					shall pay the		
								and			
																			
work being performed		by Woodruff	& Sons,	Inc. (the "Contractor'')							
						invoice.  District shall supervise the		
				itemized on	the attached			
Contractor for the costs						
					is	supervising the other	work within		
		in the same manner as it					
performance of the Work						

the Project.																							
3.	Completion  and  Payment.	District	shall  notify Southwood  upon the		
									shall				Southwood	inspect	the Work		
completion of the Work.		Within ten (10) days thereafter			be corrected.	If Southwood		
				or punch list items that must				
and notify District of any defects					
									
			defects or punch list items, Southwood shall		
does not timely notify	District of any such			
			days	after District'snotice	of completion.  If		
deliver to District $30,107.90 within thirty (30)					
									
Southwood timely notifies District of defects or punch list items District and Southwood		
representatives shall	meet on the job site	and reasonably	attempt to resolve the issues.		

Upon completion of any agreed upon thirty (30) days deliver the foregoing

correction or punch payment to District.

list

work,

Southwood

shall

within

4.	Insurance.	District represents	that	
evidence that Contractor	has in force commercial	
by law for a contractor performing services for the	

Contractor has	presented	
general liability insurance	
District.		

District with as required

5.	Governing Law.The  laws  of the  State of	Florida shall  govern the	
interpretation, validity, performance, and enforcement of this	Agreement, without	regard	
to any provision that would result in the choice of the law of a different jurisdiction.		Venue	
for any law suit regarding this Agreement shall be in the state	courts of Sarasota	County,	

Florida

or

the

United

States

District

Court for

the

Middle

District

of

Florida.

to be shall

6.	Public Records.  Southwood acknowledges that all documents of any	kind		
provided to District In connection with	this Agreement may be public records	and		
be treated as such pursuant to Section	119.0701 1  Florida Statutes, or other	law.		

7.		No Waiver.  Southwood acknowledges that nothing in		
constitute	or		limitations	on		
		be construed as a waiver of District's			
Section 768.28, Florida Statutes, or other	law.			

this Agreement shall		
liability contained	in		

8.	Waiver of Jury Trial.  The parties hereby waive		
may have to a jury trial in any litigation arising out of or related		
agree that they shall not elect a trial by jury. The parties have		
and voluntarily given this wavier of right to trial by jury with	the		

any rights either of them		
to this Agreement	and		
			
separately, knowingly		
benefit of the availability		

of

competent

legal

counsel.

(Signatures

on

following pages)

2

IN WITNESS WHEREOF, the District and Southwood	have	
instrument to be executed by their duly authorized representatives	
set forth above.		

caused this
as of the date first

Witnesses:			
Print name: ________	_		

LAKEWOOD RANCH STEWARDSHIP		
DISTRICT,	district		
a Florida independent special			

Print

name:

________

_

By:------------
Rex E. Jensen
Its:	Chairman

WITNESSES:

Print name: _______	_		

SOUTHWOOD VILLAGE LLC I a Florida limited liability company By its Manager
CW Family LLLP
By Its General Partner
CW Family, LLC

Print

name:.

________

_

Title:

Manager

3

VVoodruff	& Sous, Inc.				
						
6450	- 31 cl Streel Eas~ Bradonlon, FL 34203	(J>hysical)		
P.O.	Box l0127, Br11de11to1\ FL 34282-0127	(11111.iling)		
Tot# 941.756.1871	N	Fax# 941.755.1379				
			.com				
w1vw.wootlr110hndsons				

OFFlCIAL USE ONLY		
0	JobNo:	2699		
□	ConlrolNo:	-3---		
		'""pc-::0~0.;;.		
0	LogDal.e:	11-08-18	
0	lnvoico No:		
D	Clu,ngeOrderNo: _____	

To:	Lakewood Ranch Stewardship	District		

Address:	14400	Covenant Way				
						
	Bradenton, FL 34202	UNITED STATES		
Project Name:	Lakewood Ranch Blvd MotlmcaHons		
Project Location:						
Thank you rol'the opportunlly	to quote.				

Contact:	Roger	Aman		
				
Phone:	(941)	7SH566		
				
Fax:				
Bid Number:				
Bid Date:	11/8/2010		

j1tem	#	Item	Desalptlon					
									
		Gravlty-W11l1-ff't:-Mcd1Hcatlo1				
2		Storm System	Driveway Adjustment	StaUon 106		
									
3		Additional PS<lO Station 106	(109A	& HOA)		
									
~		Additional ~4"	RCP					
									
5		Oedlt For 18"	RCP					
									
6		Addltlonal Light Poles	Station 106			

7		Additional Pull Boxes StaUon	106			
									
8		Mclltlonal Detectable	WarnlngG			

Estimated Quantity	Unit		
			
. o-ts		
1.00	LS		
2.00	EACH		
95.00	LF		
·2'1.00LF		
2.00	EACH		
2.00	EACH		
25.00	SF		

Unit Price $-7¥3!U5 $1,497.61 $4,768,61 $83,50 $62.99 $5,234.83 $660.96 $34.43

Total Prlcel

$,3;53o'.'1s

$1,497.61 $9,537.22 $7,932.!iO ($1,!iU.76) $10,469.66 $1,321.92 $860.'15

Total

Bid

Price:

-$103,Qt}.05-

												X)/07,'fO		
Notes:									manner according to	standard	practices.				
' All material Is guaranteed lo be ilS speclned.  All work to be completed In a workmanlike							
		concrete	poles pursuant t.o Klmley		
•	Gravity wall modlncatlons are for the approximate	17	adjustment to the gravity		wall to accommodate the FPL				
	Horns revised detall. Also Included are tho additional	survey cost to verify	existing ulllltles ell elong Wendell Kent.			revisions.		
					bo><es along with the layout associated With the driveway			
,	Storm Orlvewily	adjustments account for the Increased cost of \wo of lhe storm				

,	structures 109A	and HOA were added to Ule project	which Increased lhe	pipe	footages.							
,	TwO	light pole.'Iand two pull boxes were added to	the project.											
,	One	detettable warning mat was added along U1e	west slde of the road.				quantities remain the same.	lt ts our	understanding	the geometry		
,	It Is	assumed NOT vertned, that curb, sidewalk, base, asphalt signs and marking						

of

the

turnout

remained

the

same

and

only

shl~ed horizontally.

• •

We have held unit rates where eppllcablo. Prices may be wttMrawn by Woodrurt & Sons,

Inc,

If

not

accepted

within

'15days

or

recelVlng

this

proposal,

Payment Terms:

Payment due within 30 days of date of Invoice, regardless

of

when

payment

Is

made

by

Owner.

ACCEPTED:	and		
The above prices, specifications and conditions are saUsfacto1y			
			
are hereby accepted.			
Buyer: ___________________
Signature: _________________
Date of Acceptance:	--------------		

CONFIRMED:						
Woodruff & Sons,	Inc. - Proposal			
			_			
Authorized Signature:	____________			
					
Estlmator:  Matt Anderson	.com			
(94L)	756-1871				
		matta@woodrurrandsons			
			Pagel	ofl		

11/812018

9:00:19

AM

LAKEWOOD RANCH STEWARDSHIP DISTRICT

Draw Requests (provided under separate cover)

LAKEWOOD RANCH STEWARDSHIP DISTRICT

Compilation Report

Current Assets Cash-Operating Account Due from Land Owner Utilities Deposits

Total Assets

CmTent Liabilities

Accounts Payable

Accrued Expenses

Total Current Liabilities

Fund Balance

Retained Earnings - Prior Year

Surplus (Deficit) for the Period

Total Fund Balance

Total Liabilities & Fund Balance

	Lakewood Ranch Stewardship District		
Statements of Assets, Liabilities and-	Fund Balances	Cash Basis	
	September 30, 2018		
	Current Month	MonthPrior	Variance	
		ASSETS			
$	50,395	$	21,680	28,715	
	165,160		315,890	(150,730)	
	700		700	0	
$	216,255	$	338,270	(122,015)	
	LIABILITIES AND FUND BALANCES		
$	186,076	$	306,426	(120,350)	
	12,466		0	12,466	
	198,542		306,426	(107,884)	
	17,713		17,715	(2)	
	0		14,129	(14,129)	
	17,713		31,844	(14,131)	
$	216,255	$	338,270	(122,015)	

Page 1 of 6
No assurance is provided on these financial statements.

Lakewood Ranch Stewardship District Statements of Revenues, Expenditures and Fund Balances - Cash Basis For the Twelve Months Ended September 30, 2018

Full Year			
Budget			
		SOURCES OF FUNDS		
152,146	Assessments - NE	$	
1,080,788		Assessments - Northwest		
1,077,892		Assessments - Southeast		
41,428		Assessments - Sarasota		
402,096		Land Owner Contribution - NE		
219,497		Land Owner Contributions - NW		
276,042		Land Owner Contributions - SE		
565,252	Laud Owner Contribution-SRQ		
3,815,141		Total - Sources of Funds		

Current

Actual

0	$	
0		
150,000		
0		
0		
74,270		
75,000		
0		
299,270		

Current

Budget

12,679 90,066 89,824 3,452 33,508 18,291 23,004 47,104

317,928

Current		Y-T-D		Y-T-D	
Variance		Actunl		Budget	
(12,679)	$	225,457	$	152,146	
(90,066)		1,425,942		1,080,788	
60,176		859,813		1,077,892	
(3,452)		39,939		41,428	
(33,508)		313,384		402,096	
55,979		338,893		219,497	
51,996		379,827		276,042	
(47,104)		511,716		565,252	
(18,658)		4,094,971		3,815,141	

Y-T-D

Variance

73,311 345,154 (218,079) (1,489) (88,712) 119,396 103,785 (53,536)

279,830

	USES OF	FUNDS	
	GENERAL AND ADMINISTRATIVE	
8,240	Iusurance		
15,450	Meeting Advertising	
70,000	Engineering		
30,000	Bond Agent Fees	
100,000	Legal Fees		
32,000	Accounting		
139,000	Lien Book and Tax Roll	
17,000	Annual Audit		
100,000	Trustee		
85,000	Manager		
1,500	Postage		
1,500	Office Supplies		
3,810	Other Current Charges	
500	Dues, Licenses	& Subscritions	
604,000	Total General & Administrative	

0 1,542 9,864 0 7,626 3,230 0 0 3,709 8,009 0 0 0 0

33,980

0	0	
1,288	(254)	
5,833	(4,031)	
2,500	2,500	
8,333	707	
2,667	(563)	
0	0	
1,417	1,417	
8,333	4,624	
7,083	(926)	
125	125	
125	125	
318	318	
42	42	
38,064	4,084	

7,500 14,019 63,267 0 64,901 21,785 111,500 10,000 62,770 217,682 0 208 0 175

573,807

8,240 15,450 70,000 30,000 100,000 32,000 139,000 17,000 100,000 85,000 1,500 1,500 3,810 500

604,000

740 1,431 6,733 30,000 35,099 10,215 27,500 7,000 37,230 (132,682) 1,500 1,292 3,810 325

30,193

	MAINTENANCE		
125,000	Maintenance Management Fee	
79,200	General &	Park Maintenance		
1,923,956Landscape Contracted	& Irrigation	
573,503	Non-Contracted Landscape &	lrrig	
302,846	Irrigation for Master Landscaping	
102,300	Environmental		
5,936	Utilities			
98,400	Other Maintenance		
3,211,141	Total - Maintenance		

0	10,417	10,417	114,576	125,000	
22,206	6,600	(15,606)	152,011	79,200	
179,557	160,332	(19,225)	1,786,647	1,923,956	
15,536	47,791	32,255	536,824	573,503	
42,574	25,238	(17,336)	684,538	302,846	
8,738	8,526	(212)	111,546	102,300	
3,900	494	(3,406)	47,415	5,936	
6,908	8,201	1,293	87,607	98,400	
279,419	267,599	(11,820)	3,521,164	3,211,141	

10,424 (72,811) 137,309 36,679 (381,692) (9,246) (41,479) 10,793

(310,023)

3,815,141	Total Uses of Funds		313,399		305,663	(7,736)		4,094,971		3,815,141	
0	Surplus (Deficit) for the Period	$	(14,129)	$	12,265	(26,394)	$	0	$	0	

(279,830)

0

No

assurance

is

Page 2 of 6 provided on these financial statements.

Lakewood Ranch Stewardship District	
Statements of Revenues, Expenditures, and-	Fund Balances   Cash Basis	
NORTHEAST SECTOR	
For the Twelve Months Ended September 30, 2018	

Full Year			Current		Current		
Budget			Actual		Budget		
	MASTER LANDSCAPING & IRRIGATION REPAIRS CONTRACTS		
25,481	Post Blvd & SR70 Intersection	$	2,138	$	2,123		
17,543	59th Ave-Lorraine to Post Blvd		628		1,462		
6,005	NE SR70 & Lorraine Rd Intersec		0		500		
47,500	Uihlein Road		2,712		3,958		
0	LakebankMowingandSwale		100		0		
25,000	Lorraine Comers		7,665		2,083		
121,529	Total		13,243		10,126		
	NON CONTRACTED LANDSCAPING & IRRIGATION REPAIRS		
15,000	Irrigation Repairs - NE		950		1,250		
10,000	Plant Replacement - NE		250		833		
7,500	Mulching - NE		0		625		
5,500	Tree Trimming		0		458		
38,000	Total		1,200		3,166		
	IRRIGATION FOR MASTER LANDSCAPING		739		
8,868	Irrigation-Mthly. Meter Charge		718				
12,000	Irrigation - Utilization- NE		6,230		1,000		
20,868	Total		6,948		1,739		

Current

Variance

(15)	$	
834		
500		
1,246		
(100)		
(5,582)		
(3,117)		
300		
583		
625		
458		
1,966		
21		
(5,230)		
(5,209)		

Y-T-D

Actual

25,909 13,353 4,372 27,024 1,200 32,948

104,806

950 2,978 9,650 966

14,544

9,095 25,970

35,065

$

Y-T-D

Budget

25,481 17,543 6,005 47,500 0 25,000

121,529

15,000 10,000 7,500 5,500

38,000

8,868 12,000

20,868

Y-T-D

Variance

(428) 4,190 1,633 20,476 (1,200) (7,948)

16,723

14,050 7,022 (2,150) 4,534

23,456

(227) (13,970)

(14,197)

	ENVIRONMENTAL			
16,000	Lake maint.-lakes outside comm		
800	Mitigation monitor. & maint-NE		
1,500   Littoral Shelf Plantings - NE		
8,000	Conservation areas - NE			
26,300	Total			
	UTILITIES			
100	Manatee Co. Utilities			
1,236	Peace River Utilities			
1,336	Total			
	OTHER MAINTENANCE			
6,000	Drainage Maintenance - NE			
10,000	Sanitary Sewer - NE			
2,400	Hardscapes - NE			
0	Signs -NE	- NE		
1,200	:tvliscellaneous Maintenance			

1,000 0 0 2,025

3,025

0 87

87

500 150 0 0 0

1,333 67 125 667

2,192

8 103

111

500 833 200 0 100

333

67

125

(1,358)

(833)

8

16

24

0

683

200

0

100

12,000 0 0 7,860

19,860

0 916

916

10,518 1,800 3,129 2,432 0

16,000 800 1,500 8,000

26,300

100 1,236

1,336

6,000 10,000 2,400 0 1,200

4,000 800 1,500 140

6,440

100 320

420

(4,518) 8,200 (729) (2,432) 1,200

19,600	Total		650		1,633	
227,633	TOTALNORTHEASTSECTO	$	25,153	$	18,967	

983		
(6,I86)	$	

17,879 193,070

$

19,600

227,633

1,721

34,563

No

assurance

is

providedfinancialonthese

Page
statements.

3

of

6

Lakewood Ranch Stewardship District
Statements of Revenues, Expenditures, and- Fund Balances  Cash Basis

NORTHWEST SECTOR

For the Twelve Months Ended September 30, 2018

Full Year	Current	Current	Current	Y-T-D	Y-T-D
Budget	Actual	Budget	Variance	Actual	Budget

Y-T-D

Variance

23,694 27,093 37,136 18,120 34,089 12,978 10,296 15,450 9,072 43,436 81,605 47,380 164,800 0 5,974 53,560 51,500 36,050 31,386 0 0

MASTER LANDSCAPING	&	
White Eagle - SR 70 to Raogeland		
Rangeland- LWRBlvd to WhiteEag	
Kent Lake & Lake Bank Main!		
Malachite Rd from LWRB to Pope		
44th- LWR Blvd To WhiteEagle		
Malachite - LWR Blvd to White		
WhiteEagle -Rangeland to 44th		
Lake Bank mowing		
Rangeland-WhiteEagle to Esplan		
SR70 & LWR BLVD entrance		
Future Roads		
White Eagle/Malachite to 44th		
White Eagle/44th to Gatewood		
White Eagle/Gatewood to SR64		
Silver Palm Blvd		
Wood Fem Trail		
Gatewood Drive		
44th Ave/White Eagle to ludigo		
44th Ave from Indigo to Lorr		
Silver Falls		
117th Street		

IRRIGATION REPAIRS CONTRACTS	
$	2,300	$	1,975	
	2,834		2,258	
	3,005		3,095	
	1,466		1,510	
	3,507		2,841	
	1,258		1,082	
	997		858	
	1,250		1,288	
	2,634		756	
	3,899		3,620	
	7,326		6,800	
	3,436		3,948	
	13,473		13,733	
	0		0	
	620		498	
	4,159		4,463	
	4,041		4,292	
	3,004		3,004	
	1,150		2,616	
	1,391		0	
	14,434		0	

(325) (576) 90 44 (666) (176) (139) 38 (1,878) (279) (526) 512 260 0 (122) 304 251 0 1,466 (1,391) (14,434)

$

27,384	$	
35,042		
36,060		
17,592		
41,333		
15,094		
15,622		
15,000		
37,816		
46,957		
87,747		
39,038		
162,106		
720		
7,437		
54,106		
48,489		
41,315		
8,535		
12,523		
36,486		

23,694 27,093 37,136 18,120 34,089 12,978 10,296 15,450 9,072 43,436 81,605 47,380 164,800 0 5,974 53,560 51,500 36,050 31,386 0 0

(3,690) (7,949) 1,076 528 (7,244) (2,116) (5,326) 450 (28,744) (3,521) (6,142) 8,342 2,694 (720) (1,463) (546) 3,011 (5,265) 22,851 (12,523) (36,486)

703,619	Total			76,184		58,637	
	NON CONTRACTED LANDSCAPING & IRRIGATION	REPAIRS	
55,000	Irrigation Repairs - NW			2,429		4,583	
40,000	Plant Replacement - NW			2,668		3,333	
62,062	Mulching - NW			0		5,172	
76,000	Tree Trimming			0		6,333	
233,062	Total			5,097		19,421	
	IRRIGATION FOR MASTER	LANDSCAPING			
8,610	Irrigation-Mthly Meter Charge			718		718	
50,000	Irrigation - Utilization - NW			13,716		4,167	
58,610	Total			14,434		4,885	
	ENVIRONMENTAL						
26,000	Lake maint.-lakes outside comm			2,096		2,167	
32,000	Conservation areas - NW			2,667		2,667	
58,000	Total			4,763		4,834	
	UTILITIES						
1,200	FPL-NW			31		100	
2,000	Peace River Utilities			1,824		167	
3,200	Total			1,855		267	
	OTHER MAINTENANCE						
14,000	Drainage Maintenance - NW			832		1,167	
0	Stam, Clean-Up - NW			0		0	
1,000	Sanitary Sewer - NW			0		83	
6,000	Hardscapes - NW			564		500	
0	Signs-NW			0		0	
1,200	Miscellaneous Maintenance - NW			0		100	
22,200	Total			1,396		1,850	
1,078,691	TOTAL NORTHWEST SECTOR	$	103,729	$	89,894	

(17,547)

2,154 665 5,172 6,333

14,324

0 (9,549)

(9,549)

71 0

71

69 (1,657)

(1,588)

335 0 83 (64) 0 100

454

(13,835)

$

786,402		
40,243		
29,360		
99,883		
53,147		
222,633		
9,338		
278,795		
288,133		
25,652		
49,799		
75,451		
620		
18,240		
18,860		
9,984		
10,498		
0		
19,222		
3,339		
575		
43,618		
1,435,097	$	

703,619

55,000 40,000 62,062 76,000

233,062

8,610 50,000

58,610

26,000 32,000

58,000

1,200 2,000

3,200

14,000 0 1,000 6,000 0 1,200

22,200 1,078,691

(82,783)

14,757 10,640 (37,821) 22,853

10,429

(728) (228,795)

(229,523)

348 (17,799)

(17,451)

580 (16,240)

(15,660)

4,016 (10,498) 1,000 (13,222) (3,339) 625

(21,418) (356,406)

No assurance

is

Page provided on these financial statements.

4

of6

Lakewood Ranch Stewardship District
Statements of Revenues, Expenditures, and Fund Balances - Cash Basis

SARASOTA SECTOR

For the Twelve Months Ending September 30, 2018

Full Year			Current		Current	Current		Y-T-D		Y-T-D	Y-T-D	
Budget			Actual		Budget	Variance		Actual		Budget	Variance	
	MASTER LANDSCAPING & IRRIGATION REPAIRS CONTRACTS							
216,497	Deer Drive	$	11,279	$	18,041	6,762	$	132,902	$	216,497	83,595	
172,580	Lorraine Road; University Pkwy		14,042		14,382	340		174,018		172,580	(1,438)	
151,700	L WR Blvd; Comm Blvd to Deer Dr		9,877		12,642	2,765		110,905		151,700	40,795	
0	Lorraine Rd;South Boundary		3,427		0	(3,427)		41,123		0	(41,123)	
540,777	Total		38,625		45,065	6,440		458,948		540,777	81,829	
	NON CONTRACTED LANDSCAPING & IRRIGATION REPAIRS							
20,000	Irrigation Repairs - SRQ		220		1,667	1,447		3,345		20,000	16,655	
15,000	Plant Replacement - SRQ		570		1,250	680		20,530		15,000	(5,530)	
32,450	Mulching - SRQ		0		2,704	2,704		24,195		32,450	8,255	
33,991	Tree Trimming		0		2,833	2,833		1,140		33,991	32,851	
101,441	Total		790		8,454	7,664		49,210		101,441	52,231	
	IRRIGATION FOR MASTER LANDSCAPING									
8,868	Irrigation-Mthly Meter Charge		718		739	21		8,620		8,868	248	
24,000	Irrigation - Utilization - SRQ		4,714		2,000	(2,714)		43,282		24,000	(19,282)	
32,868	Total		5,432		2,739	(2,693)		51,902		32,868	(19,034)	
	ENVIRONMENT AL											
5,000	Lake maint.-Jakes outside conun		950		417	(533)		12,150		5,000	(7,150)	
5,000	Conservation areas - SRQ		0		417	417		0		5,000	5,000	
10,000	Total		950		834	(116)		12,150		10,000	(2,150)	
	UTILITIES											
400	FPL-SRQ		1,911		33	(1,878)		27,213		400	(26,813)	
400	Total		1,911		33	(1,878)		27,213		400	(26,813)	
OTHER MAINTENANCE											
12,000	Drainage Maintenance - SRQ		0		1,000	1,000		0		12,000	12,000	
6,000	Hardscapes - SRQ		438		500	62		1,747		6,000	4,253	
2,000	Miscellaneous Maintenance - SR		550		167	(383)		675		2,000	1,325	
20,000	Total		988		1,667	679		2,422		20,000	17,578	
705,486	TOTAL SARASOTA SECTOR	$	48,696	$	58,792	10,096	$	601,845	$	705,486	103,641	

Page 5 of6
No assurance is provided on these financial statements.

Lakewood Ranch Stewardship District
Statements of Revenues, Expenditures, and Fund Balances - Cash Basis
SOUTHEAST SECTOR
For the Twelve Months Ended September 30, 2018

Full Year			Current		Current	Current		Y-T-D		Y-T-D	Y-T-D	
Budget			Actual		Budget	Variance		Actual		Budget	Variance	
	MASTER LANDSCAPING & IRRIGATION REPAIRS CONffiACTS							
120,000	U Pkwy /Lorraine to Concession	$	16,750	$	10,000	(6,750)	$	79,525	$	120,000	40,475	
196,573	The Masters Ave. Extension		15,904		16,381	477		203,358		196,573	(6,785)	
108,150	Lorraine Rd.- East Side		8,750		9,013	263		105,000		108,150	3,150	
20,173	CDD allocation/UP & Lorraine		0		1,681	1,681		17,906		20,173	2,267	
49,907	Bourn side Blvd Masters to SR70		0		4,159	4,159		0		49,907	49,907	
12,978	Covenant Way		1,050		1,082	32		12,600		12,978	378	
50,250	Masters Ave from Players Dr		9,051		4,188	(4,863)		18,102		50,250	32,148	
558,03 I	Total		51,505		46,504	(5,001)		436,491		558,031	121,540	
	NON CONTRACTED LANDSCAPING & IRRIGATION REPAIRS							
45,000	Irrigation Repairs - SE		7,514		3,750	(3,764)		59,930		45,000	(14,930)	
90,000	Plant Replacement - SE		0		7,500	7,500		137,171		90,000	(47,171)	
46,000	Mulching - SE		935		3,833	2,898		45,904		46,000	96	
20,000	Tree Trimming		0		1,667	1,667		7,432		20,000	12,568	
201,000	Total		8,449		16,750	8,301		250,437		201,000	(49,437)	
	IRRIGATION FOR MASTER LANDSCAPING									
10,500	Irrigation-Mthly Meter Charge		718		875	157		9,338		10,500	1,162	
180,000	Irrigation - Utilization - SE		15,042		15,000	(42)		300,100		180,000	(120,100)	
190,500	Total		15,760		15,875	115		309,438		190,500	(118,938)	
ENVIRONMENTAL											
4,000	Lake maint.-lakes outside comm		0		333	333		0		4,000	4,000	
4,000	Conservation areas - SE		0		333	333		4,085		4,000	(85)	
8,000	Total		0		666	666		4,085		8,000	3,915	
	UTILITIES											
1,000	FPL - SE		47		83	36		426		1,000	574	
1,000	Total		47		83	36		426		1,000	574	
OTHER MAINTENANCE											
2,000	Roads and sidewalks - SE		0		167	167		0		2,000	2,000	
20,000	Drainage Maintenance - SE		725		1,667	942		9,100		20,000	10,900	
0	Storm Clean-Up - SE		0		0	0		2,145		0	(2,145)	
5,000	Sanitary Sewer - SE		0		417	417		0		5,000	5,000	
8,000	Hardscapes - SE		3,149		667	(2,482)		12,443		8,000	(4,443)	
1,200	Miscel1aneous Maintenance - SE		0		JOO	100		0		1,200	1,200	
400	Telephone-Irrigation, Sewer-SE		0		33	33		0		400	400	
36,600	Total		3,874		3,051	(823)		23,688		36,600	12,912	
995,131	TOTAL SOUTHEAST SECTOR	$	79,635	$	82,929	3,294	$	1,024,565	$	995,131	(29,434)	

Page 6 of6
No assurance is provided on these financial statements.

LAKEWOOD RANCH STEWARDSHIP DISTRICT

Engineer'sReport

LAKEWOOD RANCH

STEWARDSHIP DISTRICT

Specific Authorization No. 107

Stantec

Services Associated with the Lakewood Ranch Stewardship District

Rangeland Parkway West (West of Lorraine Rd.)

Improvements Bidding Services

Stantec Consulting Services Inc.

6900 Professional Parkway East

Saraso1o FL  34240-8414
Tel: (941) 907-6900
() Stantec     FaK: (94 1) 907-6910

November 1, 2018

Via: Hand Delivery and E-Mail
(bob,sih)ons@lakewooaronch,G"om)

Lakewood Ranch Stewardship District

14400 Covenant Way

Lakewood Ranch, FL 34202

Attn:   Mr. Rex Jensen

Chairman

Reference:  Specific Authorization No. 107

Services Associates with the Lakewood Ranch Stewardship District

Rangeland Parkway West (West of Lorraine Rd.) Improvements Bidding Services

Dear Mr. Jensen:

Enclosed is Exhibit A 107 for services d escribed above. These are services for preparation of t he Contract Documents Ohd Technical Specifications as well as bidding services for the Rangeland Parkway West (west o f Lorraine Road) Improvements project area.

Should you have a ny questions regarding this maHer, please contact our office.

Sincerely,

Stantec Consulting Services Inc.
ti:~	16~-~4{
Principal	Senior Principal
Tel: (941) 907-6900	Tel: (94 1I 907•6900
Fax: 1941) 907-69 10	Fax:·(941) 9007-69 10
E-Mou: roo,enaa1@storitBi::.c6m	E-Mail: krls,wnholf®slaofoc,com

Enclosure

C:	Bob Simons, LWR Development, LLC Roger Aman, LWR Developm ent, LLC

Design with communlty In mind
II /01/2010 • JVEG,_
V:\tl~\acliY■\213il 0101\1h01ed\pcama llon\p10J-f•ru•n_lwr -1twrdshp-dhl_10-107J ongelond,pkwy-wu1l_wo1l,ol,l01,olno.,blddlngJo•.;>.lllO 1101 .docx

Revised Exhibit BI 07 to General Provisions
Attached fo Agreement for Services

Between Owner and Engineer

Dated September 29, 2005

Specific Authorization No. 107

Rangeland Parkway West (West of Lorraine Rd.) Improvements Bidding Services

Further Description of Basic Engineering Services and Rela ted Matters:

This is on exhibit a ttached to and made a part of the General Provisions attached to Agreement made on September 29, 2005, be1ween Lakewood Ranc h Stewardship District and Staniec Consulting Services Inc. (Engineer). providing for professional services. The Basic Services of Engineer as described In Section 1 of said General Provisions are amended or supplemented as Indicated below.

I .0   Description of Work

Work includes Bidding Services for the Rangeland Parkway West (west of Lorraine Road) Improvements.

•	See Attachment A

2:0   Items to be furnished by Owner

•	See Attac hment B

3:0	Definition of Work Products

•	Contract Documents and Technical Specifications and Bidding Services

4.0	Schedule

•	A1tachment C

5.0	Fee Proposal

•	See Attachment D

Accepted this ____ day of _________, 2018.

Mr. Rex Jensen Chairman
Lakewood Ranch Stewardship District 14400 Covenant Way

Lakewood Ranc h. FL 34202

()

Revised Exhibit BI 07 to General Provisions
Atioched to Agreement ror services

Between owner and Engineer
Dated Sept ember 29, 2005

ATTACHMENT A- SA-107

Rangeland Parkway West (West of Lorraine Rd.) Improvements Bidding Services

CIVIL ENGINEERING SERVICES

Task 210 - Bidding Services

Stantec wlll prepare contract documents and technical specifications and conduct a public bid for Rangeland Parkway West (west of Lorraine Road) Improvements. Construc1lon p lans for this project wlll be prepared by Foley & Kolarik, Inc. The public bid process will include advertisement of the bid; a p(e-bld meeting; issuing bid addenda; conduct a public bid opening; tabulate the bids: bid evaluation; notice of award; preparation of final contract documents; coordination of contract execution and issuing of Notice to Proceed. No construction phase services are proposed.

Task 950 • Project Expenses

Expenses and labor costs for copying and transmittal of electronic flies, blueprinting, reproduc tion services, color graphics. local deliveries, and overnight express d elivery services shall be payable under this task.

jherelnafter called the ''SERVICES")

Design with community In mind

II /01 r.,;)18 • JVEC::A
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Exhibit A 107 to General Provisions

Allached to Agreement for Services
Between Owner and Engineer
Doted September 29, 2005

AnACHMENT B- SA-107
Rangeland Parkway West {West of Lorraine Rd.) Improvements Bidding Services

B.1	Contract Documents and Bld Documents.

Design with communtty In mind
IIJO l/'lOIB• NEOA
Vi\2156\ocllva\215610101 \11'10fed\p101T1olloo\p10J·l•nron..Jwr•1lwtd>h1>d',~ 0• 107Joogelond•pkwy,wo1Lwo1l·oMatoll1u_blddlno.Joe-20161101.do""

EXhlbil A I 07 to General Provisions
Attached lo Agreement for Servic es
Between Owner and Engineer

Doled September 29, 2005

ATTACHMENT C - SA· 107

Rangeland Parkway West (West of Lorraine Rd.) Improvements Bidding Services

SCHEDULE

Imls	~  ~

210	Bidding Services	TBD	2months

Note: S1art dates schedule ore to be determined by the C LIENT.

Design wllh communlly In mind

11/01/2018 • JVEOI\
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Exhibit A 107 to General Provisions
Attached to Agreement for Services
Between Owner and Englneer
Dated September 29, 2005

ATTACHMENT D - SA-107

Rangeland Parkway West (West of Lorraine Rd.) Improvements Bidding Services

12m	services	Pee Type	Fee Amount		
210	Bid Documents	Fixed	$10,000	
950	Project Expenses	TIM	(est.)$	500	
			.. -  ...	-  ~	
TOTAL	~00/

Design with community In mind

11/01/2018 • JvEOA
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(j Stantec

SCHEDULE OF FEES

Effective January 1. 2019

staff Level		~	
Level3	$	92.00	
Level 4	$	102.00	
Levels	$	116,00	
Level 6	$	121.00	
Level7	$	126.00	
Level 8	$	137.00	
Level 9	$	142.00	
Level 10	$	147,00	
Level 11	$	158.00	
Level 12	$	166.00	
Level 13	$	175.00	
Level 14	$	185.00	
Level 15	$	196.00	
Level 16	$	216.00	
Level 17	$	224.00	
Level 18	$	232.00	
Level 19	$	240,00	
Level 20	$	250.00	
Level21	$	265.00	
l Person Field Crew	$	95,00	
2 Person Field Crew	$	125.00	
3 Person Field Crew	$	155.00	
4 Person Field Crew	$	175.00	

Unit blllings, such as printing and survey materials, will be billed at standard rates. All other out-ot-pocket expenses w ill be billed at cost + 15%,

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LAKEWOOD RANCH

STEWARDSHIP DISTRICT

Specific Authorization No. 108

Stantec

Services Associated with the Lakewood Ranch Stewardship District

Lorraine Road Master Water Meter Assembly

	Staniec Consulllng Services Inc.		
	6900 Professional Parkway East		
(j Stantec	saraso1a FL  34240-84 14		
	Tel: (941) 907-6900		
	Fox: (94 1) 907-6910		

November 14, 2018
Via: E-Mail (rex.jensen@smrrocn  h.com)

Lakewood Rahch Stewardship District

14400 Covenant Way

Lakewood Ranch, FL 34202

Attn:	Mr. Rex Jensen
Chairman of the Board

Reference:  Specific Authorization No. 108

Services Associated with Lakewood Ranch Stewardship District Lorraine Road Moster Water Meter Assembly

Dear Mr. Jensen:

Enclosed Is Exhibit B108 for services to provide services for Lorraine Road Master Water Meter Assembly project.

This Specific Authorization (SA) includes the collection of topographic data. preparation, submittal and processing for permit of the Construction Plans, Bidding Services, Construction Phase Services, and Certification for the project.

Should you have any questions regarding this matter, please contact our office.

Sincerely,

Stantec Consulting Services Inc.
D. Scott McKenna, P.E., LEED AP	t!~    g~I. •P.E.	
Senior Project Manager	Principal	
Tel: (941) 907-6900	Tel: (941 ) 907-6900	
E-Moll: scoU.mckenno\g>stqritec,com	E-Mail: rob.engel@:Jtantec c¢m	

Enclosures

C:	Bob Simons. LWR Development LLC Roger Aman, LWR Developme nt LLC

Design with communlly In mind
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Exhibit B108 to General Provisions
Attached to Agreement for Services

Between Owner and Engineer

Dated September 29, 2005

Specific Authorization No. - 108

Services Associated with Lakewood Ranch Stewardship District Lorraine Road Master Water Meter Assembly

Further Description of Plonnlng Services and Related Matters:

I .	Description of Work

Work includes

•	See Attachment A

2.	Items to be furnished by Owner

•	N/A

3.	Definition of Work Products

•	Topographic Data

•	Construction Plans and Permitting

•	Bid Documents

•	Certifications

4.	Schedule

•	See Attachment B

5.	Fee Proposal

•	See Attachment C

Accepted this ____ day of _________, 20 18.

Mr. Rex Jensen

Chairman of the Board
Lakewood Ranch Stewardship District

14400 Covenant Way

Lakewood Ranch, FL 34240

Design wllh community In mind
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Exhlbl1 Bl 08 to General Provisions

Atloched to Agreement for Services
Between Owner and Engineer
Doted Sep1ember 29, 2005

ATTACHMENT A-108

Services Associated with Lakewood Ranch Stewardship District

Lorraine Rood Mast•er Water Meter Assembly

CIVIL ENGINEERING

Task 210 -Topographic Data Collectlon

Collect additional topographic data along the project route t o supplement previous survey data collected for the Lorraine Rood Water Main Extension project. Topographic locations wlll b e processed in AutoCAD and provided to engineering for evaluation and design. A signed and sealed topographic survey will not be provided.

Task 220 - County and CLIENT Coordination

Coordinate with CLIENT, Sarasota County a nd Manatee County on the design, location and permfttlng requirements for the master County Interconnect water meter assembly.

Task 230 • Construction Plans

Stantec will prepare construction plans and specifications for the proposed water meter assembly and the proposed water main ex.lensions to the waler meter assembly. The proposed work will ex.tend from the north end of the 24" water main, that was constru c ted with the Lorraine Road project, to the south end of the 16" water main, that was constructed wl1h the Lorraine Road Water Main Extension project. Task ex.eludes any County required water main modelling.

Task 240 - Sorosotd County, Manatee County and fDEP Permitting

Stantec will prepare and submit an applicationattachmenand associated ts to Sarasota County and Manatee County Including the construc tion plans prepared under Task 230 for review. Staniec will also prepare and submit an application to the Florida Department of Environmental Protection (FDEP) for review. This task Includes responding to permit revrew comments from Sarasota County, Mcmatee County and FDEP.

Task 250 - Bidding Services

Stantec will provide contract documents. technical specifications, quantity take-off figures, and a bid schedule for the project. One quantity take-off a nd opinion of probable cost for the CLI ENT will be provided based on the comple ted final construdion plans. Engineer'sOpinion of Probable Cost (OPC) wlll be prepared as well as an OPC for any required bonds for the projec1. Bidding documents will be provided to the CLIENT provided list of contractors.

Task 260 - Construction Phase Services and Certifications

Staniec will provide general construction observation (up ·to 1 hour per week for 8 weeks, es1imated) of construction. Review test reports and shop drawings, conduct final observation of

Design wllh community In mind

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Exhibit B108 to General Provisions

Attached to Agreement for Services
Belween Owner and Engineer
Dated September 29, 2005

construction and testing as required by Sarasota County and Manatee County. Provide certifications to Sarasota County, Manatee County and FDEP as required. Signed and sealed record drawings will be provided by the CLIENT'ssurveyor or contractor that meets Sarasota County, Manatee County and FDEP requirements. Task also Includes preparing and submitting certification packages to Sarasota County, Manatee County and FDEP.

Task 950 • Project Expenses

Expenses and labor costs for copying and transmittal of electronic files, blueprinting, reproduction services, color graphics, local deliveries, and overnight express delivery services shall be payable under this task.

Design with community In mind
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Exhibit B108 to General Provisions
Attached lo Agreement for Services
Between Owner ond Engineer
Dated September 29, 2005

ATTACHMENT B - 108

Services Associated with Lakewood Ranch Stewardship District

Lorraine Road Master Water Meter Assembly

SCHEDULE

Task	service		fm!m	
230	Construction Plans	TBD	75 days	
240	Sarasota/ Manatee County & FDEP Permitting	TBD	90 days	

NOTE: Start dotes, Bidding and Construc tion Phase Services schedule are to be determined by the CLIENT.

Design with community In mtrid

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Exhibit BI 08 1o General Provisions
Atlached 1o Agreement for Services
Belween Owner and Engineer
Dated September 29, 2005

ATTACHMENT C -108

Services Associated with Lakewood Ranch Stewardship District Lorraine Road Master Water Meter Assembly

1
•

Imk	Services	Fee Type	Fee Amount	
210	Topographic Data Collection	Fixed	$	2,000	
220	County and Client Coordination	T/M•	(est.I $	3,500	
230	Cons1ruction Plans	Fixed	$	7,500	
240	Sarasota/ Manatee County & FDEP Permitting	T/M•	(esf.) $	7,500	
250	Bidding Services	T/M•	(est.I $	5,000	
260	Construction Phase Services & Certifications	T/M•	(est.I $	7.500	
950	Project Expenses	T/M•			

TOTAL

Time and Materlal (T/M) estimates are based upon past experience but the actual fee may be more or less due to factors outside of Stantec'scontrol.

Fees ore not to be exceeded without prior consent from the CLIENT.

Unless otherwise specified, c harges for SERVICES ore based on Stantec'shourly billing rate table {"Rote Table"), attached hereto. The Rate Table is subject to escalation from time to time. At a minimum, effective each January l during the term of this Agreement, Stantec'scharges for SERVICES shall escalate by either (a) the most current Consumer Price Index year over year percentage increase. not seasonally adjusted, for the preceding July, all Items, as published by Statistics Canada (for Projects in Canada) plus 1.0%, or (b) the most current Consumer Price Index for All Urban Consumers (CPl·U) yedr over year percentage increase, not seasonally adjusted, for the preceding July, as published by the U.S: Bureau of Labor Statistics plus 1.0% (for all other projects).

De,lgn wllh community In mind
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() Stantec

SCHEDULE OF FEES

Effec1ive January l , 2019

Staff Level		Rate	
Level 3	$	92.00	
Level 4	$	102.00	
Level 5	$	116.00	
Level 6	$	121.00	
Level 7	$	126.00	
Level 8	$	137.00	
Level 9	$	142.00	
Level 10	$	147.00	
Level 11	$	158.00	
Level 12	$	166.00	
Level 13	$	175.00	
Level 14	$	185.00	
Level 15	$	196.00	
Level 16	$	216.00	
Level 17	$	224.00	
Level 18	$	232.00	
Level 19	$	240.00	
Level20	$	250.00	
Level 21	$	265.00	
l Person Field Crew	$	95.00	
2 Person Fleld Crew	$	125.00	
3 Person Field Crew	$	155.00	
4 Person Field Crew	$	175.00	

Unit billings. such as printing and survey materials, w ill be bllled a t standard rates. All oth er out-of-pocket expenses will be billed at cost +15%.

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LAKEWOOD RANCH

STEWARDSHIP DISTRICT

Change Order No. 1

Frederick Derr & Company, Inc.

Covenant Way Utilities Extension Force Main

Deduct PVC mat, Deduct Survey, Additional Bore Length, Add mill/paveDirectionperCounty

Change Order

			No.	1	
Date of Issuance:November 30, 2018		Effective Date:	December 7, 2018	
Project:  Covenant Way Utilities	!owner: Lakewood Ranch Stewardship	Owner'sContract No.:		
Extension Force Main	I	District			
Contract:  $279,447.35			Date of Contract:  June 8, 2018	
contractor: Frederick Derr & Company Inc.		Engineer'sProject No.: 215610101	

The Contract Documents are modified as follows upon execution of this Change Order:

Description:

Deduct PVC mat, deduct survey, additional bore length, add mill/

pave per County direction

Attachments: (List documents supporting change):

Frederick Derr Contract Change Order 1 dated 11/26/2018

CHANGE IN CONTRACT PRICE:

Price:Original Contract

$  249 447.35

[Increase) [Decrease] from previously approved Change

Orders No.	O

CHANGE IN CONTRACT TIMES:

Original Contract Times:  O Working days	■ Calendar days

Substantial completion (days or date): --=6=0~D~a=..,y~s~-------

Ready for final payment (days or date): -~9=0~D~a=..,y~s~-------

[Increase] [Decrease] from previously approved Change Orders
No.	o	to No._~o___
Substantial completion (days): _______________

	$__.""o_-----------	Ready for final payment (days): ______________		
					
Price	Contract	prior to this Change Order:		Contract Times prior to this Change Order:		
				Substantial completion (days or date): _____________		
	$  249 447.35		Ready for final payment (days or date): ____________		
	[Increase) [Deorease] of this Change Order:	[Increase) [Decrease) of this Change Order:		
				Substantial completion (days or date): _____________		
	$	12007.30		Ready for final payment (days or date): ____________		
Price	Contract	incorporating this Change Order:	Contract Times with all approved Change Orders:		
				Substantial completion (days or date): --~6"'0--'D""a""y'-'s"--------		
	$  261 454.65		Ready for final payment (days or date): _  __,9'-"0--'D=ay-'-'s=----------		
	RECOMMENDED:	ACCEPTED:	ACCEPTED:		
	By: _____________	By:---------------	By:--------------		
	Engineer (Authorized Signature)		Owner (Authorized Signature)	Contractor (Authorized Signature)		
	Date: _____________	Date: _______________	Date: ______________		
	Approved by Funding Agency (if applicable):			Date:		
	V:\2156\a ctiv e \21561 01 01 \civil'lcon stru cti on _phase_do cum ents\chang e_orders_ boa rd\con _covenant•\Vay-ext_force-main_ co-1_12007-3 0_ f-derr_ e jcdc_ c-941_201 811 3 0. docx		
	EJCDC No. C-941 (2002 Edition)			Page 1 of 1		
	Prepared by the Engineers' Joint Contract Documents Committee and endorsed by the			
	Associated General Contractors of America and the Constrnction Specifications Institute.			

FREDERIC!( DERR & COMPANY
INCORPORAT E    D

CONTRACT Ct-lANGE ORDER	11/26/2018	
	Number	1.00	
Roger Aman	Job:	Covenant Way Utflltles Extensfon-	
Lakewood Ranch Stewardship District	Phase:	Force Main	
14400 Covenant Way			
Lakewood Ranch, FL 34202			

We agree to the following changes, addiUons, or deductions:

ITEM	DESCRIPTION	EST QUAN	UNIT	UNIT$	TOTAL$			
1-01-090    6" C900 DR18 PVC (Material Only)	-460.00 LF	5.41	·2,488.60	t .....		
	(Material supplied by Owner)							
1-01-170	Directional Bore 4" (8" Casing)	12.00	LF	198.10	2,377.20	c,,./		
1-01-192	Mill and Repave 1-1/2" S-1 Asphalt	77.0DSY	173.10	13,328.70	v		
	(On Lorraine Rd per County)				1,010.00 r		
1-01-194	Temp Stripe and Thermoplastic	1.00	LS	1,910.00			
	(On Lorraine Rd per County)	-1 .00	LS			--		
1-01-210	Survey Stakeout and Asbuilts			3,120.00	-3,120.00			
	(Contracted direct by Owner)							

Deduct PVC mat, Deduct Survey, Addltlonal bore length.

Add mill/pave per County direction

Proposed	THIS CHANGE ORDER		
	NET		
Accepted	EXISTING CONTRACT		
	TOTAL	249,447.35!	
Accepted	NEW CONTRACT		
For the Owner	TOTAL	261,454.65!	

			..		
			\ 1)E\)!,l..c.-r (p 11 rvc rn f--'1EiP-- 11a.i:J		
~, FERGUSON~	FEI-SARASOTA, FL WATERWORKS	Dollvor 'ro:2003		
WATERWORl<S	fl1212	iierom:	Mnrk Grandusky		
	1801 SARASOTA CEN'rERBOULEVARD	k;onimonls:			
					
	SARASOTA, FL 34240				
	Pllono: 041-370-8989				
	Fnx: 041-379-3707				
17:36:19 JUN 04 2018			Page 1 of 3		

FEI-SARASOTA, FL WATERWORKS

Price Quotation

Phone: 941-379-8989

Fax: 941-379-3797

Bid No:	8398222

Bid Dote:	04/18/18

Quoted By:  MCG

Customer:	FREDERICK DERR & CO INC

COVENANT WAY IMPS

PO BOX 2719

SARASOTA, FL 34230

Cust PO#:

llorn	Description

SEWER

SOR 26 Heavy Wall P!pe

SDR26HWSP1014	1OX 14 SDR26 HW PVC GJ SWR PIPE
PD3105G4737	3X1000 UG DET SWR GREE

Manhole lnOow Protector MHP2334 23-3/4 M/HOLE INFLOW PROT

	6" End or Lino Cleanout		
MUL0872GO	1oxe PVC HW SWR GXGXG WYE		
MU L087376	6 PVC HW SWR axs 46 ELL		
MUL043736	6 PVC SWR PLUG		
MUL040962	6 PVC SWR HUB FEM CO ADPT		
MUL040968	6 PVC SWR REC THRO CO PLUG		
U7621FE	R&C REV H/HOLE S CVR		
	FORCE MAIN		
	PVC DR 1!l Pipe		
DR10GPP	4 C900 DR18 PVC GJ GREE PIPE		
DR16<3PU	* 6 C900 DR18 PVC GJ GREE PIPE		
R10UF61	10 GA 600 FT SLD UGF GREEN WIRE SPL		
PDTFMM	3X1000 DET TAPE · FORCE MAIN GREE		
SPWPC6	6 SIGMA BELL REST F/ C900 'PVLOK		
PED11 GNX•IO	HOPE HOD·Pipe		
	8X40 DIPS OR1 1 HOPE P!PE GN STRIPE		
PED11<3NU40	6X40 DIPS DR11 HOPE PIPE ON STRIPE		
• P..ED1rnNP.4.0.	.4X.4DJlli?.~.OR11J:lPPE.P.JF!EJ3N.STBIP.E		
C1030GHS600FT	10GA 30MM 600 FT COP TRCR WIRE GREE		
	HOPE HOD·MJ Adaptors		
PED11MJAAU	6 DIPS PC200 DR11 MJ AOPT W/ACC		
PED11MJAAP	4 DIPS PC200 DR11 MJ ADPTW/ACC		
	04'MJ P·401 Lined Lona SI		

Cust Phone:  941-356-8576

Terms:	NET 10TH PROX			
Ship To:	BID SARASOTA			
	BIDDING PURPOSES ONLY		
	TAMPA, FL 33637			
Job Name:	COVENANT WAY FM IMP		
Quantity	Net Price	UM	Tolel		
14			FT	-		
1	•		EA			
	-..	EA        ...		
	-		EA	·-		
	WM	EA	'='		
		EA	-		
	-EA			
420•	-		EA			
	-					
	-=~			
	1:i,060	FT			
600						
1				--		
3		EA			

240				--		
1400				-		
200						
6						
4	-EA			
2	-EA			

l_

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DataLog® DriU Report

Job Information	,				
	t	CIIent lufonnaion:			
JobLoeafion;	'		COntractor lnfcrm::!!fion:		
Name:  CovenantWay(ryo-'"8_:)	Redeliclc Derr& company			
Contact:	I				
Phone:					
Address:					
Clrr-					
Receiver/Job lnfonnation	1				
24 ~ points collected on unit1seoai Number. 3007987:2 in.Job 66 en 06f28i201a			
AD unii:sin charts ax! tables areOlstanc:e in ft. DeplJl in ft, Pitch in%, 2lld Pressure in PSI.			
Reference BeV21ion is not me251.115d.				
Entry Point Rela!iva Dep!h o.oo! Chart and Table zero are tlle Reference El~			
i::JdtTerrainnclstneyed.	'.				
Fll'StRod Length is 5.00					
Typical Rod l.eng!h is.10.00					
Last Rod Length is 10.00					
Total~:.,;of"-::'J¢~1,;.,.23~,'-j-   , ---------- ... --------			
~ #  3	I	-			
Bor-c  locad-,;rv  ;s  ~ tJ.n,ir~/+;y P~y-

Def=.-_	Page1 ol'3	Fred Derr-Covemnl\M!y-Bara LogforS IN. HOPE

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Drill Data Points

Fl.P(Front Locale} - ll.(l..ocate )Jne) - PO{Pitdl Only) - B!..{No Data) - o(OVernde}- f(fiDed in) - iM(rt!ErpOrated)

Roct ID	Type	Rod t.e.'l)	Bore Len.	X Dist.	Pit.ch	~   Oeplh	Rel.Elev.	
~ C	PO	0..()0,	0.00	Q.00	-14.1	0.00		OJJO	
,   1	lL	S.oo'	5.00	4.95	-15.6	-0.73	2.28	1.55	
,	2LL10.00!15J)()14.83-15J-2.284.932.65
ii?ffe1iit!~m~ ¥ W -·~-~,$1§¾.;.:fwa1'@as,fiat~®t   ~""s-%%,.@?#t\!§ ,·'~:
,	4	LL	10.00,	35.00	34.64	-10.8	-4.96	9.41	4.46	
.,	5	LL	10.00·	45.00	44..61	-SJ	-5.77	9.75	3.98	
,	6LL10Jl0l55Cl!l54.61-0..2-6.IIT9.733.66
k!n'?4~~sr§;J $ a!ir $ m - ~;ki~~4i~Mf ¥ !t1Vit~ -Mi'§	
.,  8	LL	10.00:	75.00	74.61	1.3	-6.03	11.09	5.06	
.,  9	LL	10.00i	85.00	M.60	1.8	-5El	10.62	4.75	
,  10	U.	10.00;	95.00	94.60	1.0	.S:.73	10.18	4.45	
P$\1$!3S¥ttl€-:441J¥m?:$##t•Rl#W&i¥¥!\5ri#§~:4Mf1 ¥ !55:M! - ~~~f'=l;§N~~:,.a.$f~Mf-5
,  12	1..1..	10.00·	115.00	114.60	1.0	-5.60	9.41	3,81	
., 13	LL	10.00!	125.00	12-4.60	02	..S.55	9.41	3Jf7	
., 14	LL	10.00•	135.00	134.60	OJ	-6.50	9.54	4.04	
2.$fi-4¥¥iii%@§#ii@§3¥#6/##t=¥:'.!4€$§fiii#?¼   f©#Mi#i/#WiiM'$.'$®i'l'»lW%/,u~~~;w . ;;,•a~
., 16	LL	10.00	155.00	154.60	2.S	-5.16	925	4 .09		
,  17	LL	10.00!	165.00	16•t60	2.1	-4.91	8.'i9	3.88		
i:>cr~ ....					Page2ci'3		!=Rd Den-- Covenant Wgy- Bore Log for8 IN. HDPE		

---------- ; ---  -  ---------------  ------ -

13

--~........r--  ~ ----  -- - ::C...-··-  ·--·	- ~= - ~=•~--  - •-  -	0	N	-	•• -	-	------	-- -~--~-~--~~~~-=

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FlF(Front	L.ocale) -	
Rod ID	Type	

	I							
l.1.(1.ocae	pne)- FO{Pitch Only}- Bl{No Data) -o(override}-	f(filled in) -i[""".t(ll!lerpo!ated)	
Rod Len.!	Bo~ Len.	X 0-ist.	Pitch	Rel.Depih	Dep1h	Rel.Elev.	

,  18	LL	
¢t~?Kffl§	
., 20	LL	
,, Z1	LL	
_, 22	U.	

10.ooi	175.00	174..59	2.8	-4.67	8.Z"/		3.69-			
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							422			
10.00	205.00	~ /8 - 1	--3..26	7.02		3.76			
10.00.	215.00	...,,......-214.51	"t. Y  12.0	-2.26	5.97		3J1			
				:f£..:,.-		~	~~·¥$".-4i',k;~:§..:.f&.¾'ii •		

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ZNS ENGINEERING

Land Planning  Engineering  Surveying  Landscape Architecture

October 16, 2108

Kenneth LaBarr

Infrastructure Inspections Division Manager
Manatee County Public Works Department
1022 26th Avenue East
Bradenton, FL 34208

RE:	Covenant Way FM Extension

Asphalt Overlay limits

Dear Ken:

We would llke to confirm the limits of milling and overlay where the contractor excavated to make the force main tie-Ins. Attached is an Illustration of the proposed overlay.

1.	The Contractor installed 18" of base material over the excavated area.

2.	There is approximately 2" of asphalt over in the patched area.
3.	Density testing was completed on the base material.
4.	Base material Is Derr FOOT Crushed Concrete Pit #017710

As discussed at preconstruction meeti are proposing to overlay just the turn lane radius to limit Interruption to traffic oo:Iq_c wood Rid and Master:.,. ~venue. (See attached) and are looking for your confirmation of these liml . 4~jv•€... Ft' "

Thank you in advance for your prompt attention to this matter. Please advise If you should have any questions or require additional information.

~

n M. WIison, Director nstruction Engineering Services

Encl: Geotech report

Exhibit overlay limits

201 5111 Avenue Drive East I Bradenton, FL 34208 I Offlce: 941.748.8080 I Fax: 941.748.3316 I www.znseng.com Englneerlng-CA0027476 Surveylng-LB0006982 Landscape Archltecture-LC0000365

October 16, 2018

Page 2

ZNSIENGINEERING,,
Land Planning  Engineering  Surveying  LandscapeArchitecture

UNIVERSAL
ENGINEERING SCIENCES

UES Project No: 1110.1800540.0000

Workorder No: 188033-1
Report Date: 09/18/2018

Consultants In: Geotochnlcal Engineering • Environmental Sciences
Geophysical Se rvi ces • Materials Testing • Threshold Inspection
Building Code Administration, Compliance Inspection & Plan Review

1748 Independence Blvd Suite B-1, Sarasota, FL 34234  - P: 941.368.7410   - F; 941,368,7363

ln~Place Density Test Report

Client: Lakewood Ranch Stewardship District	UES Technician : Adam Reid	
14400 Covenant Way		Date Tested: 09/13/2018	
Lakewood Ranch, FL 34202			
Project: Convenant Way Utility Extension			
Covenant Way, Lakewood Ranch, Manatee County, FL		
	Tvoe of Test:	
Area Tested: patch base corner Lorraine and The	Field:	ASTM 0 -6938 Nuclear Gauge Method	
Masters			
Material: Stabilization	Laboratory:	AASHTO T180 Modified Proctor	
Reference Datum: 0 = Top of Stabilization			

The tests below meet the 98% minimum compaction requirement.

			Maximum	Optimum	Field Dry	Fleld	Soll	Pass	
Test			Density	Moisture	Density	Moisture	Compaction	or	
No.	Location of Test	Range	(pcf)	(%)	(pcf)	(%)	(%)	Fall	
1	center of corner patch base	0+1 ft	11 4.0	11 .0	11 2.3	15.8	99	Pass	
2	center of corner patch base 2ft E	0+1 ft	114.0	11 .0	111.7	16.4	98	Pass	
	of 1st test								

ro         a	'"'%
establish   motua/ protecllon to Unlversel's clients, lht1 Pub/le end ourselves, all reports ere submiltt1d as confident/el property of our clients end
a,,nom,,,.,, lo,•'''"'"" of''"'""'""· '"""""°"'w"''"" from w rogon/log urn~"''' mporl, 1, mM~d poo&og o"' "'""'"

Page 1

LAKEWOOD RANCH STEWARDSHIP DISTRICT

Change Order No. 1

E.T. MacKenzie of Florida, Inc.

44th Ave East Phase V

Direct Material Purchase deduction

Change Order

			No.	1	
Date of Issuance:November 29 2019		Effective Dc1 te:	Docomber 71 2018	
ProJocl:  441h Ave East Phase V	lovmor: Lakewood Ranch Stewardship	owner'sConlrscl No.:	
	I	District			
Co11lrool:  12,964,432.65			Dalo or Con1roc1:	January 12, 2018	
Conlreclor: E.T. MacKenzie of Florida, Inc .		Enulnaer'8ProJecl No.; 215613728	

The Contract Documents are modified as follows upon execution of this Chango Order:

01tilct1puon:

Direct material purchase deduction

Atlachments: (List documents supporting change):

E.T. MacKenzie Change Order No. 1 dated 11/29/1 B

CHANGE IN CONTRACT PRICE:			CHANGE IN CONTRACT TIMES:	
Original Contract Price:		Original Contract Times:  D Working days■ Calendar days	
		Subslanllal complatlon (day$ or dale):	1351 230/ 350 Days	
$ 12,964,432.65		Ready for final payment (days or dateJ; _..,2=-=6.0/',.2::-.'6::.0""/: .38::.""0::..::aDa::av'"'s..-.__	
(Increase] [Decrease) from previously approved Change  [Increase] [Decrease] from previously approved Change Orders	
Orders No.    O	to No.   o	No.	O	to No._  .:,0.___		
		Substantial completion (days); ________•;;,ec0:·...._______	
$ _  ___;;•,<;0;- _________     _    _	Ready for final payment (days): ______.""'o ._______	

Contract Price prior to this Change Order:

$ 12,964,432.65

[lnGfease] [Decrease) or this Change Order:

$  (1,125,893.81)

Contract Price Incorporating this Change Ord er:

$ 11,838,538.84

Contract Times prior to this Change Order:		
substantial completion (days or d11te):	1351 230/ 350 Davs	
Ready for flnal payment (days or date):	2601260/ 380 Days	

[lrtcrease) [Decrease] or this Change Order:
Substantial completion (days or date):-----=:¥:--------
Ready for flnal payment (doys or date): ___...:;-0,c;·______  _

Contract Times with all apprvo ed Change Orders:

Substantial completion (days or date):	1351 230[ 350 Days

Ready for Ona I payment (daysr o date):	2601 2601 380 Days

RECOMMENDED:	ACCEPTED:	ACCEPTED:
By: ____________	By: ______________	By: ____________  _	
Enulnoor (Aulhorlzod Sloneture)	Ownor (Alllhorlzod Slgnolllro)	Conlraclor (Aulhorlzod Slg11oluro)	
Date: ____________	Uale: _____________	Dato: _____________	
Approved by Funding Agency (If appllcable):		Dato:	
V.~  IM\llclhe\216D 13728\cNirt.corltil, UcUOOJ)ll 111t_docUmanl11\chttng,,_ 01dett:\c.O,L 44 a11e,..e-_6_c.o--t.... J 125893-tl l _dlrt1cl•p11rcha"-.Gl-nutct:1nilt_ejcda_c!141_111w_20181 130.docl'	
EJCOC No. C-!14 1 (1002 Edition)		/'age I of I	
Prcpnrcd 1,y the Eu1,1111 ccrs' ,loirll Co11frncl 1Joc11111c11ts Com millcc 11ml cndurscd by the
A~socintcd Gcnernt Co111rn ctors of Am cri cn 111111 the Consh'uclion S pcdlic111io11s l11s11t11 1~.

						'I						
~:n	iEXHIBl!l'"A"										
	'  ''											
	~.	·co,itr,act'Persorj'for'tbe.,.materlal 1suppller.								
	1N,c.;Me: IHirlk1f.,e,J	,WA:(:6-rz-J",;~1~		.			,			
1	•ADDRESS:  II'.~, .I .'~A!ctA~,riA	Oe,J~ e,,v~~Attp  4;,°Al'ZMr:fA 'Yv.	~~~L		
'°		'	"'·k' . ?J1 ':l•·b"1 k3		I	,,   \	I	I	T		
	TEl!EPHONE ~UMBER~		I	•						
				f',\		I						
0												
n												
'n	4.	The price quofed by the SUP.pller for the construction materials ldentffled above,					
1] '							
		$ · 1,l,~o·~,~1-~	·		·.						
r												
.u	5.	Jhe sales tax associated ,with tbe p~ce quote. $   :~A,-. t;: . •l						
								
6.	Shlpplng,~nd handling lrisurance cost. $_____,,.....__

LI	7.D~llvery dates as :established 1by CONT			
.0				
'O	(Title)	''	,Date	
u	CO~TRACTOR:   ~. l. '.f'1u--\l.e,Jti~6  •r	f'L,rf.lpP,1  .\.)c..1-	
D	~icf~ "'~;.,~·-,~	
u				

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10/13/2017	SECTIO~ 00800-(WRSD	
215813728	Paga ffof28	

	1	
	144TH :AVENUE E~Sif1PHASE V	
	,OCtOBER r2017	
'l:~l:IIBJT 'IB"	I   I•	
'RURC~ASE ORDER		

1.	SEE ~TTACHED PURCHASE,REQUISITl0N REQUESlf FORM DATEi:>_---"-----

2.	,e,,;-. ..~q~ i ,;;";,-t1~1 C- ,.{-, State of Florida sales ta~·exempt,ion numbe~--·
I~ooo-·•--- ""-  ,I  ~ ,	~ !)~
lt.4hJC-t,I   Jc.ilAttc>	Is ,the ultlmate consumer of the construction  materials
~
~
,purchased p4rsuaht to thls•Purchase Orcler. Suppller shall provide'for-th,e.requlred shlpplng and handling Insurance cost ,for delivery of the construction materials by th~ ·delivery date specified In this Purchase Order. ,,,.

OWNER:
~ ~;; c., -- / r·

Date

CONTRAOl"OR: _  __;__  _  .:.:.::.4.e.--=:.:...:~~..:..+___:!_~~a.i.=::.!:r:...,......1.;1==~::·...,!.,.._____
,t. ,Z,~. ,~

Date

10/13/2017	SECTION 00800•lWRSD	
215813728	·   Page 18 of 28	

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Work Authorization Request
M
E. T. MacKenzie of Florida, ncI.

		6212 33rd Street E.					
		Bradenton FL. 34203					
(941) 756-6760	Fax:	(941) 756-6698	Work Authorization Request No.	1		
								
Ownol'sNam11				Phone	Data				
Lakewood Ranch Stewardship District				Februarv 23 2018		
Addre11		IZip		Job Name		Job Number			
14400 Covenant Wav					44th Ave. East Phase Five		51716		
City	Slate			Address					
Lakewood Ranch	FL		34202						
									
Existing Controct No.	Date of Exlsllng Contract	City	Slate	Zlp			

You are hereby aulhorlzed to perform lhe following specifically described additional work:

Descriotfon	Quantit		Unit Price	Exten ded Price	
POTABLE WATER MAIN MATERIAL							
12" PVC (DR-18) Water Main	14,653	LF	$	(15.00'	$	(219,795.00	
12" DIP Water Main	482	LF	$	(21.62'	$	(10 420.84'	
12" Gate Valve (Water)	24	EA	$	(1 ,266.84)	$	(30,404.16'	
12" x 11.25 Dearee Bend	2	EA	$	(74.24'	$	(148.48	
12''x45 Degree Bend	42	EA	$	(90.48'	$	(3,800.16	
12" Cross	1	EA	$	(227.661	$	(227.65	
12" x 12" Sleeve	1	EA	$	(83.62)	$	(83.52	
	Potable Water Main Sub-Total:	I $	(264,879.81)	
Tax Savin ~son Potable Water Main Items:	$	(15,892.79]	
RECLAIMED WATER MAIN MATERIAL							
16" DIP Reclaimed Main	8,140	LF	$	(34.50'	$	(280 830.00	
12" PVC (DR-18) Reclaimed Water Main	6,748	LF	$	(15.00'	$	(101 220.00	
12" Gate Valve (Reclaim)	8	EA	$	(1,266.84)	$	(10,134.72'	
16" Butterfly Valve (Reclaim)	5	EA	$	(1,875.00)	$	(9 375.00	
12" x 11.25 DeQree Bend	2	EA	$	(74,241	$	(148.48	
12" x 45 Degree Bend	20	EA	$	(90.481	$	(1,809.60	
12" x 12" Tee	1	EA	$	(152.25'	$	(152.25'	
16" x 11.25 Degree Bend	2	EA	$	(180.09'	$	(360.18'	
16" x 45 Deoree Bend	22	EA	$	(177.48)	$	(3,904.56	
16" x 12" Reducer	1	EA	$	(117.74)	$	(117.74)	
Water	Reclaimed	Main Sub-Total:	I $	(408,052.53'	
Tax Savin	s on Reclaim Water Main Item s:	$	(24,483.15'	
IRRIGATION MATERIAL							
10''PVC (DR-18) Irrigation Main	5,430	LF	$	(10.55'	$	(57 286.50	
12" PVC (DR-18) Irrigation Main	9,635	LF	$	(15.00'	$	(143,025.00	
12" Gate Valve (Irrigation)	6	EA	$	(1 266.84'	$	(7,601 .04'	

10" x 11 .25 Degree Bend	2	EA   $	(59.74)	$	(119.48

Descrl,:,tlon	Quant/tv		Unit Price	Extended Price	
10" x 45 Deqree Bend	42	EA	$	(60,61:	$	(2,545.62	
12" x 11 .25 Degree Bend	4	EA	$	(74.24:	$	(296.96	
12'' x 45 Degree Bend	90	EA	$	(90.48'	$	(8,143.20'	
12" x 12" Tee	1	EA	$	1152.25'	$	(152,25'	
12" x 12" Sleeve	1	EA	$	(83,52)	$	(83.52'	
12" x 10" Reducer	1	EA	$	(57.42)	$	(57.42'	
	Irrigation Main Sub-Total:	I $	(219,310.99]	
	Ta>< Savlnqs on lrrlqation Items:	$	(13,158.66]	
SANITARY SEWER MATERIAL						
24" PVC Force Main	1 834	LF	$	(61.00)	$	(11 1,874.00'	
20" PVC Force Main	6 229	LF	$	142.00)	$	(261,618.00'	
16" PVC Force Main	1,024	LF	$	(27.69)	$	(28,354.56	
12" PVC Force Main	188	LF	$	(15.00)	$	(2 820.00'	
6" PVC Force Main	5 656	LF	$	(4.05}	$	(22 906.80'	
6" Gate Valve (Force Main)	6	EA	$	1403.56)	$	(2,421.36	
10" Gate Valve (Force Main)	2	EA	$	(1  001.16)	$	(2 002.32	
12" Gate Valve (Force Main)	3	EA	$	(1 ,266.84)	$	(3,800.52	
16" Gate Valve (Force Main)	3	EA	$	(3,050 .00}	$	(9,150.00	
20" Gate Valve (Force Main)	5	EA	$	(7,500.00)	$	(37,500.00	
24" Gate Valve (Force Main)	1	EA	$	(10,250.00)	$	(10,250.00'	
6" x 45 Deqree Bend	8	EA	$	(106.14)	$	(849.12'	
10" x 45 Deqree Bend	6	EA	$	(196,04}	$	(1 ,176.24	
12" x 45 Degree Bend	4	EA	$	(262.45)	$	(1,049.80	
16" x 11 .26 Degree Bend	2	EA	$	(438.19)	$	(876.38	
' 16'  x 45 Deqree Bend	4	EA	$	(434.42'	$	(1 737.68	
16" x 10" Wye	1	EA	$	(1,501.91'	$	(1 501 .91'	
16" X 12" Wye	1	EA	$	(900.45'	$	(900.45'	
16" x 6" Reducer	1	EA	$	1458.89'	$	(458.89'	
20" x 45 Deqree Bend	14	EA	$	1612.19'	$	(8 570,66'	
20" x 16" Reducer	1	EA	$	(481 .11'	$	(481,11'	
24'' x 11 .25 Deqree Bend	2	EA	$	1787.06'	$	(1 574.12'	
24" x 46 Degree Bend	6	EA	$	1805.91'	$	(4,835.46	
24" x 20" Reducer	1	EA	$	(906,64)	$	(906.54	
	Sanitary Sewer Sub-Total:	I $	(517,615.92)	
	Tax Savlnas on Sanltarv Sewer Items :	$	(31 ,056.96'	
	Total of Material Sub-Totals:	$	(1,409,859.25}	
	Total of Tax Savlnas Sub-Totals:	$	(84,591.56'	
	TOTAL of Chances:	$	(1 494,450.81	
		Overhead & Profit :			
	THE TOTAL CREDIT/COST FOR CHANGES NOTED ABOVE:   $	(1 ,494,450.81)	
	TOTAL NUMBER OF DAYS AFFECTED BY THIS CHANGE:		Days	

Payment to be made as follows:	Per Contract Documents

Above additional work to be performed under same conditions as specified In original contract unless otherwise stipulated. Date _______ 20___ Authorized Signature _______________________

(Owner signs here)

We hereby agree to furnish labor and materials - complete in accordance with the above specifications, at above stated price.
Authorized Signature _______________________    Date ______ 20___

(Contractor signs here)

~ The above prices & specifications of this Change Order Request are satisfactory and are hereby accepted as signed. All work to be performed under the same terms and conditions as specified In original contract unless otherwise stipulated.

~ FERGUSON~  #1212	s=rom:	Christopher Nance		
	FEI-SARASOTA, FL WATERWORKS	OeliverTo:	4412		
WATERWORKS	1601 SARASOTA CENTER BOULEVARD	Comments:			
					
	SARASOTA, FL 34240				
	Phone: 941-379-89B9				
	Fax: 941-379•3797				

08:20:46 FEB 23 2018		Page 1 of 3	
		FEI-SARASOTA, FL WATERWORKS		
		Price Quotation		
		Phone: 941-379-8989		
		Fax: 941-379-3797		
Bid No:	B391351	Cust Phone:	941-756-6760	
Bid Date:	02/22/18	Terms:	NET 10TH PROX	
Quoted By:	CON			
Customer:	ET MACKENZIE OF FLORIDA INC	Ship To:	E T MACKENZIE OF FLORIDA INC	
	6212 33RD STREET EAST		6212 33RD STREET EAST	
	BRADENTON, FL 34203-5409		BRADENTON, FL 34203-5409	
Cust PO#:	PER WORK AUTH. FORM	Job Name:	44TH AVE E. PHS	

Item	Description	Quantity	Net Price	UM	Total	
	POTABLE WATER					
DR18BP12	12 C900 DR18 PVC GJ BLUE PIPE	14653	15.000	FT	219795.00	
AFT350P12	12 CL350 CL DI FASTITE PIPE	482	21.620	FT	10420.84	
AFC2612DLAFMM	12 DI MJ RW OL SS STEM VLV UA	24	1266.840	EA	30404.16	
MJ1LA12	12 MJ C153 11-1/4 BEND UA	2	74.240	EA	148.48	
MJ4LA12	12 MJ C153 45 BEND UA	42	90.480	EA	3800.16	
MJCRLA12	12 MJ C153 CRS UA	1	227.650	EA	227.65	
MJLSLA12	12X12 MJ C153 LONG SLV UA	1	83.520	EA	83,52	
	SUBTOTAL				264879.81	
	======================					
	RECLAIMED WATER					
AFT350P16	16 CL350 CL DI FASTITE PIPE	8140	34.500	FT	280830,00	
DR18PP12	12 C900 DR18 PVC GJ PURP PIPE	6748	15.000	FT	101220.00	
AFC2612DLAFMM	12 DI MJ RWOLSS STEM VLVUA	8	1266.840	EA	10134.72	
HHP250MJMDT3SBNL 16 16 MJ OL 250# BFV UA	5	1875.000	EA	8375.00	
MJ1LA12	12 MJ C15311-1/4 BEND UA	2	74.240	EA	148.48	
MJ4LA12	12 MJ C153 45 BEND UA	20	90.480	EA	1809.60	
MJTLA12	12 MJ C153 TEE UA	1	152.250	EA	152.25	
MJ1LA16	16 MJ C15311-1/4 BEND UA	2	180.090	EA	360.18	
MJ4LA16	16 MJ C153 45 BEND UA	22	177.480	EA	3904.56	
MJRLA1612	16X12 MJ C153 RED UA	1	117.740	EA	117.74	
	SUBTOTAL				408052.53	

===================

IRRIGATION

~ FERGUSON~	FEI-SARASOTA, FL WATERWORKS			Page 2of 3		
								
	WATERWORKS	Price Quotation						
		Fax: 941-379-3797					
08:20:46 FEB 23 2018							
Reference No: B391351							
Item	Ducrlptlon		Quantity	Nat Price	UM	Total		
DR18PP10	10 C900 DR18 PVC GJ PURP PIPE	5430	10.550	FT	57286.50		
DR18PP12	12 C900 DR18 PVC GJ PURP PIPE	9535	15.000	FT	143026.00		
AFC2612DLAFMM	12 DI MJ RW OL SS STEM VLV UA	6	12116.840	EA	7801 .04		
MJ1LA10	10 MJ 0153 11-1/4 BEND UA	2	59.740	EA	119.48		
MJ4LA10	10 MJ C153 45 BEND UA	42	80.610	EA	2545.62		
MJ1LA12	12 MJ C153 11-1/4 BEND UA	4	.  74 240	EA	296.96		
MJ4LA12	12 MJ C153 45 BEND UA	90	90.480	EA	8143.20		
MJTLA12	12 MJ C153 TEE UA		1	152.250	EA	152.25		
MJLSLA12	12X12 MJ C153 LONG SLV LIA	1	83.620	EA	83.52		
MJRLA1210	12X10 MJ 0153 RED L/A	1	67.420	EA	57.42		
	SUBTOTAL				219310.99		
	==~:.:==~============-						
	SANITARY							
DR1BGP24	24 C905 DR18 CL235 PVC GJ GREE PIPE	1834	61 .000	FT	111874.00		
DR1BGP20	20 C900 OR18 CL2J5 PVC GJ GREE PIPE	8229	42,000	FT	281818.00		
OR18GP18	18 C905 DR18 CL236 PVC GJ GREE PIPE	1024	27.690	FT	28354.56		
DR18GP12	12 C900 DR18 PVC GJ GREE PIPE	188	16.000	FT	2820.00		
DR18GPU	6 C900 DR18 PVC GJ GREE PIPE	6856	4.050	FT	22906.80		
AFC26060LAFMM	6 01 MJ RW OL SS STEM VLV UA	6	403.560	EA	2421 ,36		
AFC2810DLAFMM	10 DI MJ RWOL SS STEM VLVUA	2	1001.180	EA	2002.32		
AFC28120LAFMM	12 01MJ RW OL SS STEM VLV UA	3	1288.840	EA	3800.52		
AFC26160LAFMM	18 01 MJ RW OL as STEM VLV UA	3	3050.000	EA	9160.00		
AFC28200LAFMM	20 MJ RW DI OL SS STEM VLV UA	5	7500.000	EA	37600.00		
AFC26240LAFMM	24 MJ RW DI OL SS STEM VLV UA	1	10250.000	EA	10250.00		
MJ4P4LAU	6 MJ C153 P-401 45 BEND UA	8	106.140	EA	849,12		
MJ4P4LA10	10 MJ C153 P-401 45 BEND UA	8	198.040	EA	1178.24		
MJ4P4LA12	12 MJ C153 P-401 45 BEND UA	4	262.450	EA	1049.80		
MJ1P4LA16	16 MJ C153 P-401 11-1/4 BEND UA	2	438.190	EA	878.38		
MJ4P4LA16	18 MJ C153 P-401 45 BEND UA	4	434.420	EA	1737.88		
SP-MJYP4LA1810	16)(10 P401 MJ WYE		1	1501.910	EA	1501.91		
MJYP4LA1612	16X12 MJ C1 53 P-401 WYE UA	1	900.450	EA	900.45		
MJRP4LA16U	16)(8 MJ C153 P-401 RED L/A	1	458.890	EA	458.89		
MJ4P4LA20	20 MJ C163 P-401 45 BEND LIA	14	812.190	EA	8570.86		
MJRP4LA201B	20X16MJC153P-401 REOUA	1	481.110	EA	481 .11		
MJ1P4LA24	24 MJ C153 P-40111-1/4 BEND UA	2	787,080	EA	1574.12		
MJ4P4LA24	24 MJ C163 P-401 45 BEND UA	6	805,910	EA	4835.46		
MJRP4LA2420	24X20 MJ C153 P-401 RED UA	1	908.640	EA	908.54		
	SUBTOTAL				517616.92		
			Net Total:		$1409859.25		
				Tax:		$0.00		
				Freight:		$0.00		
				Total:		$1409859.25		

~

FERGUSON® WATERWORKS

FEI-SARASOTA, FL WATERWORKS

Price Quotation

Page

3

of

3

Fax:

941-379-3797

08:20:46

FEB

23 2018

Reference

No:

8391351

Quoted

prices

are

based

upon

receipt

of

the

total

quantity

for

Immediate

shipment

(48

hours).

SHIPMENTS

BEYOND

48

HOURS

SHALL

BE

AT THE PRICE IN EFFECT AT TIME OF SHIPMENT ARE NOT FIRM UNLESS NOTED OTHERWISE.

UNLESS

NOTED

OTHERWISE.

QUOTES

FOR

PRODUCTS

SHIPPED

FOR

RESALE

CONTACT

YOUR

SALES

REPRESENTATIVE

IMMEDIATELY

FOR

ASSISTANCE

WITH

DBE/MBE/WBE/SMALL

BUSINESS

REQUIREMENTS.

Seller not responsible for delays, lack of product or Increase of pricing due to causes beyond our control, and/or based upon

Local, Stale and Federal laws governing type of products that can be sold or put Into commerce. This Quote Is offered contingent upon Buyer'sacceptance of Seller'sterms and condlUons, which are incorporated by reference and found either following this document, or on the web at http://wolseleyna.com/terms_condlUonsSale.html.
Govt Buyers: All items are open market unless noted otherwise.

the

LEAD LAW WARNING: It Is Illegal to Install products that are not "lead systems anticipated for human consumption. Products with •NP In the applications. Buyer Is solely responsible for product seleclion.

free" In accordance description are NOT

with lead

US Federal or other applicable free and can only be Installed

law In potable In non-potable

water

CERTIFICATE OF ENTITLEMENT

{For direct purchase of construction materials by a governmental entity pursuant) to 212.08{6 , F.S. and Rule 12A-l.094, F.A.C.)

The undersigned authorized representat ive of Lakewood Ranch Stewardship District (hereinafter "Governmental Entity"), Florida Consumer'sCertificate of Exemption Number 85-8013512957C-4 , affirms that the tangible personal property purchased pursuant to Purchase Order Number B391351 from Fe rgu son Waterworks (Vendor) on or after February 23, 2018 (date) will be incorporated into or become a part of a public facility as part of a public works contract pursuant to contract# _ ___
with  E.T. MacKenzie of Florida, Inc. (Name of Contractor) for the construction of  44th Ave E Phase V .

Governmen;aI Entity affirms that the purchase of the tangible personal property contained in the attached Purchase Order meets the following exemption requirements contained in Section 212 .08(6), F.S., and Rul~2A-l.094, F.A.C.:
Y	tst eftlal each of the fallowing requiremen ts.

1 he attached Purchase Order is issued directly to the vendor supplying the tangible personal r -{the Contractor will use in the identified public works.

.	e vendor's invoice will be issued directly to Governmental Entity .

. Pay_!J)eiltof the vendor'sinvoice will be made directly by Governmental Entity to the vendor pu iffunds.

Governmental Entity will take title to the tangible personal property from the vendor at the of purchase or of delivery by the vendor.

5.	Governmental Entity assumes the risk of damage or loss at the time of purchase or delivery by

,	vendor.

Governmental Entity affirms that if the tangible personal property identified in the attached Purchase Order does not qualify for the exemption provided in Section 212.08(6), F.S., and Rule 12A-l.094, F.A.C., Governmental Entity will be subject to the tax, Interest, and penalties due on the tangible personal property purchased. If the Florida Department of Revenue determines that the tangible personal property purchased tax-exempt by issuing this Certificate does not qualify for the exemption, Governmental Entity w ill be liable for any tax, penalty, and Interest determined to be due.

I understand that if I fraudulently issue this certificate to evade the payment of sales tax I will be liable for payment of the sa les tax plus a penalty of 200% of the tax and may be subject to conviction of a third degree felony.
/

Under the penalties of perjury, I   ~	that I have read the foregoing Certificate of Entitlement and the

facts stated in It ar

Supervisor

Date

Federal Employer Identification Number:  76-0798690

Telephone Number:  941-755-1626

You must attach a copy of the Purchase Order to t hls Certificate of Entitlement.

Do not send to the Florida Department of Revenue. This Certificate of Entitlement mu st be retained In the vendor'sand the contractor'sbooks and records.

LAKEWOOD RANCH STEWARDSHIP DISTRICT

E.T.

Change Order No. 2

MacKenzie of Florida, Inc.

44th Ave East Phase V Plan Changes and Delays due to USAGE Permitting

Change Order
			No. _	____;:2::;___		
Date of Issuance:Novombcr 29	2019	Effective Date:   December 71 2018		
1	lowner: Lakewood Ranch Stewardship	owner'sConlracl No.:		
Projecl:  44 h Ave East Phase V					
	I	District				
Contmcl:  12,964,432.65			0~1oorC0111ract:	January 12, 2018		
conlrector: E.T. MacKenzie or Florlda1 Inc.		Englnaar' Projoct No.:  215613728		

The Contract Documents are modified as follows upon execution of this Change Order:

Descrlptlon:

Plan changes and delays due to USACE permitting

Attachments: (List documents supporting change):

E.T. MacKenzie Change Order No. 2 dated 11 /29/18

CHANGE IN CONTRACT PRICE:	CHANGE IN CONTRACT TIMES:	
OriginalP Contract  rice:	Original Contract Times:  D Working days	■ Calendar days	
	Subslanttal completion (days or dale):	135/ 230/ 350 Days	

$ 12 964 432.65

[IAeFease] [Decrease] from previously approved Change Orders No. 1 to No. 1

$  11 ,125,8!!3,81 l

contract Price prior lo this Change Order.

$ 11 838 538.84

[lflGFease] [Decrease] of this Change Order:

$  2 318 683.30

Contract Price Incorporating this Change Order:

$ 14.157,222.14

Ready for final payment (d,ays or dale): _  _2,..,6:.0::el...2::.:::;60:,:.f_,3"'8"'0,D-'a,.,y"'s___

[Increase] [Decrease] from previously approved Change Orders
No.	1	lo No._~1'------·
Subslanllal completion (days): ________;"-'------
Ready ror final payment (days); ___	-..,,o. _______

Contract Times prior lo this Change Order:

Substantial completion (day& or dale):	135/ 230/ 350 Days

Ready for nnal payment (<J,;ys or dale):	260/ 260/ 380 Days

[lncroaso] [GeGf.ea~e] oflhls Change Order:
Subslanllal complellon (days or date): ---~9:.,,0c,D-.a,.,y,..'s ------
Ready for nnal payment (doys or dat11): ___..9~0wD~a~yr,.,S~----

Contract Times with all approved Change Orders:

Substantial complellon (days or det~)·	226/ 3201 41 0 Days	
Ready ror nnal payment (days or date):	350/ 350/ 470 Days	

RECOMMENDED:	ACCEPTED:	ACCEPTED;
By: ____________  _	By: _____________	Sy: ____________	
Enolneer (Ault,01iiod Slg11111uro}	Owner (Aulho~zed Signature)	Conlroclor (Authorized Slonalure)	
Date: ____________	D11le: ____________  _	Da le: _____________	
Approved by Funding Agency (If applicable):		Dale:	

V:\2 i 56\lcfn\'2 t SO l 37 Z8\clvlficonolm cdon_phlllio_ dooumtml1\c hnngr,_ohh: r.\Oofl..,411-uv• t,_6.,, c O·U31888 )-30_fl ~d-iO--d11~J)Jn•atvlg•_ u.111ao--pr ml•delay.1. et,m11ak11nde. flad6...c9'1 I_)ew_.20161 130,doc~

E.ICOC No. C-94 1 (2002 ll:clition)	l'ngc 1 of J
Prcrn1·cd by the E11 gi11ccl's' .Joint Contrnl,t Doe um t nts Co111m lllcc n ud l'1tdorscd by the
AS$ileiA tcd Ge ncrnt Contrnclors of Ame rim 1111!.I  the Construction Speclllcnilous Institute.

LAKEWOOD RANCH STEWARDSHIP DISTRICT

Change Order No. 3

E.T. MacKenzie of Florida, Inc.

44th Ave East Phase V

Direct Material Purchase Deduction

Change Order

			No.	3		
Date of Issuance:November 29, 2019		Effective Date:	December 7, 2018		
p,c1ae1:  44th Ave East Phase V	Owner: Lakewood Ranch Stewardship	Owner's Cont,acl No.:			
Conlracl:  12,964,432.65	l	District	Dale or Contract:  January 12, 2018		
					
c 0n1rnc1or: E.T. MacKenzie of Florida, Inc.		Enolneers Project No.:	215613728		

Tho Contract Documents are modified as follows upon execution of this Change Order:

Description:

Direct material purchase deduction

Allachrnents: (List documents supporting change):

E.T . MacKenzie Change Order No. 3 dated 11/29/18

CHANGE IN CONTRACT PRICE:	CHANGE IN CONTRACT TIMES:	
Original Contract Price:	Original Contract Times:  O Working days	■ Calendar days	
	Substantial completion (day& or date):	135/ 230/ 350 Days	

$ 12 964 432.65

(Increase] [Decrease) from previously approved Change Orders No, 1 to No. 2

$  1 192 789.49

Contract Price prior lo this Chan9e Order:

$ 14157 222.14

(IAcraase( [Decrease) of this Change Order;

$	(2,031,450.87}

Contract Price Incorporating this Change Order:

$ 12 125 771 . 27

Ready for flnal payment (dllys or dale): _   _,2,.,,6c,:c0lw2:,,!6::.:,0:.1.{::;38ll.Dl0~,:ay,..,s'----

(In crease] [E)esrease] from previously 11pproved Change Orders No. 1 lo No._ -=2___
Subslantlal completion (days}: _   _____,,_90,.__D,,"'a+ys"------
Ready for final payment (days); ______,9..,0,..D"'a,..y..,.s,______

Contract Times prior lo this Change Order:		
Substanllal complellon (days or date):	226/ 320/ 410 Days	
Ready for final payment (days or dote):	350/ 350141 0 Days	

(Increase] [Decrease] of this Change Order:
Subslanlial compleUon (days or dale): ------""'--------
Ready for final payment (days or date): ____ ·;:,!!0:,;-S!__..______

Contract Times with all approved Change Orders:

Substantial completion (days or date):	226/ 320/ 41 O Days

Ready for final payment (days or dato):    350/ 3501 470 Days

RECOMMENDED:	ACCEPTED:	ACCEPTED:
By. -------------	By: ______________	By: __________  ___		
	O\'/nar (AulhoM1..od Slgnaluro)	nlrCo  eclor (AuthOrlzod Slgnoturo)		
Englnoor (Authorized Slgnalure)				
Dale: ___________  _	Dalo: _____________	Date: _  _  ___________		
Approved by Funding Agency (If epp0cablo):		Dalo:		
V ~ Ibo\aotJv a\216613728\d-lU\ot m~ll \J Ctll,,\, .,l,111, _ dot.11111e1i\11.\l)hnf1on_ o,rle1£\con_ -t'1-a'IU•t1_ 5_11:10,l -20l1450•07  dltt-cl•11urehn111_el-moG-korwlo_olcda_c.04 1_~11w_20131130.docra		
F.JCDC No. C -941 (2002 Editinn)		Pngr I of I		
l'rc11nr cll by the E11 gi11cers' J oint Co11l rnc1 Doc111ncnt~ Commillcc 11ml cnllors ctl by lhc			
A~so clntcd Gcnernl C onlrnclors o r t\111cl'ICil 111111 the Co1191t•uction Spcrilkntions Ins tilulc,			

44TH AVENUE EAST PHASE V OCTOBER 2017

EXHIBIT "A"

PURCHASE REQUISITION REQUEST FORM

1.	Contract Person for the material supplier.

NAME:  MI c'.'..U-A~L.  btL)6A-rt.:tA
ADDRESS:  3i (J 4-   kthlA  fZ,:,,

TELEPHONE NUMBER:   ,q4l, 1.4-1, 1 [,P,'1

2.	Manufacturer or brand, model or specification number of the Item.
Vll-LMOt:lf ~l,iJa.tctl'1M ..  ~ ~th: }w;~ey,& c!  44-nl Jw~ . ~-,fl!.<

3.	Quantity needed as estimated by CONTRACTOR.    S~ k~i\.w

4.	The price quoted by the supplier for the construction materials identified above.

	$  \~~ 0 ~~. h'

5.	The sales tax associated with the price quote. $  r;,~I,(?, 11

6.	Shipping and handling insurance cost. $    \, PI

7.	Delivery dates as established by CONTRACTOR.   f~

OWNER:

1/ - ~o :/ f ''

Date

Date

10/1312017	)		
	SECTION 00800.LWRSD		
215613728	Page 17 ol 28		

44TH AVENUE EAST PHASE V OCTOBER 2017

EXHIBIT "B"

PURCHASE ORDER
1.	SEE ATTACHED PURCHASE REQUISITION REQUEST FORM DATED _____

2.	VW1~  4WM I J~ M.     State of Florida sales tax exemption number __.
K". t,-,1 ~S't V'IS-1 v -i
~il,~10,z (4..ort ~AttPi!L~ D,~is the ultimate consumer of the construction materials purchased pusuant totis Puchase Order. Supplier shall provide for the required shipping and handling Insurance cost fqr delivery of the construction materials by the delivery date specified In thi s Purchase Order.

OWNER:

t\. ,-r: Ip

Date

10/13/2017	SECTION 00800-LWRSD	
2166 13728	Page 18 or 26	

Date: Sep 20, 2018	Quote: DOT17-11897-3	Page 1/2
Quote Breakout
Dot Lighting, Inc.
6353 Millstone Drive
New Port Richey FL 34655
Phone: (727) 375-0555
Quoter: Terry Worthington
Project	44th Ave East Phase V Manatee County -
Lighting
Location	Manatee County FL
Quote	DOT17-11897-3

To:		For				
Lakewood Ranch Stewardship District   Bid Date	Sep 6, 2017			
12051 Corporate Blvd	Expires	Oct 6, 2017			
Orlando FL 32817-1450					
Dot Supply Co., Inc.				
QTY   Type	MFG	Part		Price  UQ	ExtPrice	
89	DOTS	WIRING ASSEMBLY PER INDEX 17500	$285.00	$25,365.00	
			Total	$25,365.00	
			Freight Allowance		$0.00	
			Min Billing			

Terms: see last page for terms and conditions of sale

Terry Worthington	Page 1/2

Date: Sep 20, 2018

Quote: DOT17-11897-3	Page 2/2

GE ligr.\lng Sy~tems

Project	44th Ave East Phase V Manatee County -		
Location	Lighting		
	Manatee County FL		
Quote	DOT17-11897-3		

Quote Breakout
Dot Lighting, Inc.
6353 Millstone Drive
New Port Richey FL 34655
Phone: (727) 375-0555
Quoter: Terry Worthington

To:				For		
Lakewood Ranch Stewardship District	Bid Date		
	Expires		
12051 Corporate Blvd				
				
Orlando FL 32817-1450				
Valmont Aluminum	Part			
QTY	Type	MFG				
18	S13C3	VALA	35/15/TB/AB 140 MPH SATIN		
71	D13B3	VALA	35fTW15/TB/AB 140 MPH SATIN		

Sep
Oct

6, 6,

2017 2017

Price $1,770.00 $1,984.00

UQ

ExtPrice $31,860.00 $140,864.00

Total
Freight Allowance
Min Billing

of sale

$172,724.00 $1.00

CURRENJ"POLI; l~RIGING ATTJ"IME: (9Fi~~4~S!;			
hacffo ~dd:two)i~ditional	poles.due ,.t()therrnanate~	county photometrlc	
re~ie,w:,  - ·.···,·•.   ·..· ' ,-	'	'' .,    ,'  ,·,,   .,,	''	,,•··  ·•·'	''	' ,·	,,  . ',''	

j

Terry Worthington

Page

2/2

PROPOSAL
,r~..iff.::::,;or.~--~!"f:J!!J
•	liElll/lCE§, LLC

PROIECT DESCRIPTION:	N.£. SECTOR ROADS LIGHTING - 44TH AVE. PHASE V	DATE:	10/5/2018	
OWNER:	LWR STEWARDSHIP DJSTRJCT	REVISED DATE:	4/10/2018	
		PREPARED BY: Michael Delagarza	

fAIT[El'!t~	OF.SalIPTl.!ll!(	ffTH AYE PRASE V	mm:.		....,.		
			:W:lilDIIIIIIII	~	UU I  I  JI  UUIII	~TAI		
	Kl:I							
			OUANTITJ		llfil'l"l'RlCE			
1021	ENGIHEERING-(FULLUGIITIHG Pu\N SET}	1	LS	◄2.500.00	◄2.SOO.On		
06302 11	IJCffTI NC-CONDUIT, RU. UNOERt:.ROUHD-2"	16.000	LF	4.50	72.000.00		
06302U	[JIRF.CTIONAL BORE. I.ESSTHAN 6" IZ._. Z'"IILOAD CENTER LOC,\TIONSl	200	LF	16.50	3,300.00		
07151 1 3	LIGHTING CXJNDUCTORS. ~°Ill, INSUL. N0.4-2	48000	LI'	1.00	48.000.00		
071S 711	LOAD CENTER. F&J, Sl::CONDARY VOLTIIGE	3	""	9,950.00	29,850.011		
07151'111	UGIITINC l'ULL BOX. F&I.ROADSIDE	97		4S0.00	-1'3.650.00		
				Ell				
onssoo1	POLEC/IULE DIST SYS. COJ-IVENTIONAL	B9	Ell	JCJS.05	17.359.4S		
715S1114S	LIGHT POLE COMP.SCLARM SM. AL 3S'CLEO}	18	EA	3.250..21	58,503.78		
715S12145	LICJIT POLE COMP.DBL ARM SM. AL. 3S' {LEDi	71	EA	4,109.60	2'.IL7lll.60		
					s	606,944.83		
lt£VISED PROPOSAi. PRICE \'nTIIAnomoNAL POLES.l'UIL BOXES. AHD POLE KITS							
PROPOSAi. PIile:£			79~.00					
VALMONT LIGHTING PURCHASE 011.DF.R		nn.,:u:001					
OUT SUPPLY CO. ( POLE CAllLF. Krr5)			!:lS.365,00)					
SA1£S TAX SAVINGS TO STEWARDSHIP DISrnJCT ( 7%)		(13,866.17} -					
FlNALCONTI!ACT AMOUNT AfTEll DIRECTOWN.EJtl'URCIIAS'E	$	sao.;z44.93					
COST INCREAS£ FOR ALUMINUM LIGHT POLES FROM TINEOF BID	s	Z6,700.00					
		5	606,9♦4J!J					

NOTES:

ALL LIGHTING ISTIJ MEl:."T MJINATEE COUl'{J'Y SPECIRCA11DNS&2017 FOOT SPEOFICATIONS

uc1mNc DESIGN WILL BECOI\IPELTm BY FTE ANO (,11'¥1 PLIINSWlLL BE5UB~11TTF:D WTTll MJ\ThlUJ\L arr Slll::F.TS fOK APPROV/IL(PLel\Sl,ALI.OW60 DAYli FOR PL/INS] TRANSFORI\IER l~LL<\TION COST IS TO BE PAID BY OTHERS

Pl.EASE ALLOW APPROll 16 WEEKS FOR MATERIAL DELIVERIES AFTER MATERIAL APPROVAL BY11iE COUHn' PROPOSAi, DOFS NOT INCLUDE ANY CONCRETE TESTTNC IF REQUIRED WOULD BE IN ADDITION TOO.
MSR WllJ. PR0\111>f.SICNED Alli> SEAf.ED FOUNDATION OF.SIGH WITH PL.\N SE!'

PltEVIOUS UGliTING 108S IN nu, RANOI AVl;RACEONE LOAD CENTER PER ~ULEOF ROADWAY so WI:: HA\/El;STIMATul> THE NEED FOR THREE, IFIT CAN BE ENGlNEERED WITH lWDTHATWOULD BE A SAVINGS

ASQfMY JSTfPQTSPEQflCATIONSREQUIBEQ IHCBE',ASEIN UCHIPQUSTQ MEET J49MPH WJNQ LQ4P (THJSHr\D 4 PER PQJ£1NCBMSEJ

3204 LENA ROAD BRADENTON, FL 34Zll

PHONE: 941-747-7100 FAX: 941-747-7110

CERTIFICATE OF ENTITLEMENT

(For direct purchase of co nstruction materials by a governmental entity pursuant to 212.08(6), F.S. and Rule 12A·l.094,F.A.c.)

The undersigned authorized representative of Lakewood Ranch Stewardship District (hereinafter "Governmental Entity''),Florida Consumer'sCertificate of Exemption Number 85-8013512957C-4 , affirms that the tangible personal property purchased pursuant to Purchase Order Number oon7-11897·3 from Valmont Aluminum (Vendor) on or after November 15, 2018 (date) will be incorporated Into or become a part of a public facility as part of a public works co ntract pursuant to contract# with E.T. Macl<enzie of Florida,Inc. (Name of Contractor) for the construction of 44th Ave E Phase V .

Governmenytl Entity affirms that the purchase of the tangible personal property contained in the

attached P&chase Order meets the following exemption requirements contained in Section 212.08(6), F.S., a d R le 1~1.094, F.A.C.:
Y	L    In/ ·trfeach of the following requirements .

. T   attached Purchase Order is issued directly to the vendor supplying the tangible personal

e	y th   ontrac~will use in the identified public works.

2.	e veng_prlfinvoice will be isslled directly to Governmental Entity,

,,,_,_ ,r . Pay!J>e-ITT of the vendor's invoice will be made directly by Governmental Entity to the vendor ub ic funds.

. Governmental Entity will ta ke title to the tangible personal property from the vendor at the of purchase or of delivery by the vendor.

5. Governmental Entity assumes the risk of damage or loss at the time of purchase or delivery by e vendor.

Governmental Entity affirms that if the tangible personal property Identified In the attached Purchase Order does not qualify for the exemption provided in Section 212 .08(6), F.S., and Rule 12A·l .094, F.A.C., Governmental Entity will be subject to the tax, int,erest, and penalties due on the tangible personal property purchased. If the Florida Department of Revenue determines that the tangible personal property purchased tax-exempt by issuing this Certificate does not qualify for the exemption, Governmental Entity will be liable for any tax, penalty, and Interest determined to be due.

I understand that if I fraudulently issue this certificate to evade the payment of sa les tax I will be liable

for payment of the sa les tax plus a penalty of 200% ofthe   tax and may be subject to conviction of a third
degree felony.	~

Under the penalties of perjur  I declare that I . a~	the foregoing Cert ificate of Entitlement and the

facts stated in it are true,

Supervisor

Title;1- cJt~~ , s

Pu rchaser'sNam	Date

Federal Employer Identification Number:  76-0798690

Number:	Telephone	941-755-1626

You must attach a copy of the Purchase Order to this Certificate of Entitlement.

Do not send to the Florida Department of Revenue. This Certificate of Entitlement must be retained in the vendor'sand the contractor'sbool<s and records.

11

I

4j1,TH 1,6.'l.E~UE !E~SiJ'RM~~E W G>CiTG>BER '20J1if

EXfllBIT "'A"

Pl!JRCl!fA.SE!RE~llJfSli[l~"N- REQl!JESiT [F~~M

1. Contract Persor;i for the material supplier. Nf\:ME: f ~ "zu,J IAMe-(l,, LJ~fZ,~
ADDRESS: 1'111\  45A-n-.A ?"'°? ~'tlcA- e,L./p.1  .:;;Mt.ASo-'fA1 fl.,.  ~4'-Z.4'a
TiELEPrlONE NIUMBER:   q A,\ • ~'1';}• ?4 f:,~

2.	Manufacturer19r brand, model or speciflcatior:i ,number of the item.
{JA,1"e,1t,1 ~e.,w~f  tz_e.~-..A  {' \f"Z.\Z-l44Tv,-J   ~OJ,  ~	L~.

3.	Quantity needed as estimated by COl'JtRACTOR.   Fe.rt-   d o:":ft    ( \\,1.1,. 1,)

4.	The pri~e quoted by the supplier for the construction materials identified above.

	$ \ ,001 , •11. '\1

5.	The sales tax associated with the price quote.$  lt,,, A-1~. ff
6.	Shipping and handling insurance cost. $	-____
7.	Delivery 'date.s as established by CONTRACTOR. _   _.t:l,/....A"------

OWNER:

Authorized Sigrna'ture(Title)	Date

--

ID,a'te

•	I

10/13/2017	SEC:J'ION00800>1!.WRSC:l	
2,15613728	•Page ~171 of 28	

i..

~ Tli ~~Et}H!JE [E~'ts1t P.l.li:I\SE 1V (i!€jliOBER 20ll il

Pl!JRGl;l~SE (~ ~~E'R
1.	SEE AifiT~ Gf!EID PUReH~$.E REGll!JISITl0N IREGlJ.!)ESiT 1FO'RM DATEB _____

State Qf Floriida sales tax exen,ption number __.

~ \)14'qp tz~ ~ ~If'•t~ ·1ultlmate rcemsum.er of itlne construction materials purchased p1:1rsoamt to this Purchase Order. Supplier shall provide for the regulred shipping and handling insurance cost 'for delivery of the construction materials by the delivery aate sp,ecified in this Purchase G>rder.

OWNER:

,Authorized 'Signature (Title)	Date

~0/13/2011	SECTl0N OO8OO-L.WRS0	
2,15613728	Page 18 of28	

I.

f:

11

l l

l ~

u u

I!
u

11

t$ FERGUSON.  #1.212	F rom:	Chris tophor Nance	
FEl·SARASOTA, FL WATERWORKS	bolivar To:  4412	
WATERWORKS1601 SARASOTA CENTER BOULEVARD	leommonls:		
SARASOTA, FL 34240			
Phono: 941 -379-0989			
Fox: 941-379-3797			

20:38:43 NOV 26 2018					Page 1 of 3		
							
		FEI-SARASOTA, FL WATERWORKS				
			Price Quotation					
			Phone: 941-379-8989					
			Fax: 941-379-3797					
Bid No:	B414078		Cust Phone:	941 -756-6760			
Bid Date:	11/26/18		Terms :	CASH ON DEMAND		
Quoted By:	CON							
Customer:   ET MACKENZIE OF FLORIDA INC	Ship To:	ET MACKENZIE OF FLORIDA INC		
	44TH AVENUE EAST PH5		44TH AVENUE EAST PH5		
	6212 33RD STREET EAST		6212 33RD STREET EAST		
	BRADENTON, FL 34203-5409		BRADENTON, FL 34203-5409		
Cust PO#;			Job Name:   44TH AVE E.5 W/ WYE		
Item		Description	Quantity	Not Prlco	UM	Total		
		POTABLE WATER						
DR18BP12		12 C900 DR18 PVC GJ BLUE PIPE	384	15,000	FT	5760,00		
AFT350P12		12 CL350 CL DI FASTITE PIPE	482	24.850	FT	11977,70		
DIEPDMFG12		12 DI EPDM FASTITE GSKT	25	19 000	EA	475 00		
AFC2612DLAFMM	12 DI MJ RW OL SS STEM VLV LIA	2	1372.410	EA	271\4 8?		
MJ1LA12		12 MJ C15311-1/4 BEND LIA	4	11 7.510	EA	47004		
MJ4LA12		12 MJ C153 45 BEND UA	30	143.240	EA	4297 20		
MJCRLA1 2		12 MJ C153 CRS UA	1	360,200	EA	360,20		
MJTLA12		12 MJ C153 TEE LIA	2	241,160	EA	48232		
MJLSLA12		12X12 MJ C153 LONG SLV UA	1	132,100	EA	132.10		
MJRLA1612		16X12 MJ C153 RED UA	1	186.240	EA	188 24		
SSI.CE12		12 PVC WDG REST GLND 'ONELOK	81	75 680	EA	6130 08		
P680376		12 MJ EPDM BLT & GSKT PK	81	27.040	EA	2190,24		
SSLCE16		16 PVC WDG REST GLND 'ONELOK	1	167.850	EA	167,85		
P680360		16 MJ EPDM BLT & GSKT Pl(		43 070	EA	43 07		
		SUBTOTAL				35416.86		
		=============c========== .						
		RECLAIM WATER						
AFT350P16		16 CL350 CL DI FASTITE PIPE	12080	36.800	FT	468704 00		
DIEPDMFG16		16 DI EPDM FASTITE GSKT	604	5 1.000	EA	30804.00		
HGH260MOLLA16	16 MJXMJ OL 25011- BFV L/A	14	2450.000	EA	34300 00		
MJ1LA16		16 MJ C153 11-114 BEND UA	6	284.930	EA	1709 58		
MJ4LA16		16 MJ C163 46 BEND UA	24	280.710	EA	6737,04		
MJ9LA16		16 MJ C153 90 BEND LIA	3	392.840	EA	1178 52		
MJ1LA12		12 MJ C153 11 -1/4 BEND UA	2	117,610	EA	235 02		
MJ4LA1 2		12 MJ C153 45 BEND UA	14	143.240	EA	2005 36		
MJ9LA12		12 MJ C 153 90 BEND UA	1	173.190	EA	173 19		
MJRLA1612		16X12 MJ C153 RED LIA	1	186.240	EA	186 24		

~FERGUSON®	FEI-SARASOTA, FL WATERWORKS		
WATERWORKS			
	Price Quotation		
			
	Fax: 941-379-3797		
20:38:43 NOV 26 2018			
Reference No:  8414078			
------------------		

Page 2

of

3

Item

MJLSLA16 SSLCE12 P680376 SSLDE16 P680380

Description	
16X15 MJ C153 L.ONG SL\/ UA	
12	PVC WDG REST GLND 'ONELOK	
12	MJ EPDM BLT & GSKT PK	
16	DI MJ WDG REST GLND 'ONELOK	
16	MJ EPDM BLT & GSKT PK	
	SUBTOTAL	

IRRIGATION WATER

Quantity

1 35 35 69 69

Net Price

252.680 75.680 27.040 126.340 43.070

UM

EA EA EA EA EA

Total

252.68 2648.80 946.40 8717.46 2971.83

561570.12

DR18PP10	10	C900 DR18 PVC GJ PURP PIPE	2191	10.500	FT	23005.50		
								
AFC2612DLAFMM	12	DI MJ RW OL SS STEM VLV LIA		1372.410	EA	1372.41		
MJ1LA12	12	MJ C153 11-1/4 BEND LIA	4	117.510	EA	470 04		
MJ4LA12	12	MJ C153	45 BEND UA	10	143.240	EA	1432.40		
				1			91.01		
MJRLA1210	12X10 MJ C153 RED UA		91.010	EA			
MJTLA12	12	MJ C153	TEE UA	2	241.160	EA	482.32		
MJLSLA12	12X12 MJ C153 LONG SLV UA	1	132.100	EA	132.10		
							
MJ2LA10	10 MJ C153	22-1/2 BEND UA	2	95.620	EA	191.24		
MJ4LA10	10	MJ C153	45 BEND UA	10	96.000	EA	960.00		
				1			97.92		
MJLSLA10	10X12 MJ C153 LONG SLV UA		97.920	EA			
SSLCE10	10 PVC WDG REST GLND 'ONELOK	27	71.870	EA	1940.49		
P680379	10	MJ EPDM BLT & GSKT PK	27	20.760	EA	560.52		
SSLCE12	12	PVC WDG REST GLND •ONELOK	37	75.680	EA	2800.16		
P680376	12	MJ EPDM BLT & GSKT PK	37	27.040	EA	1000.48		
			SUBTOTAL				34536.59		

DR18GP24 DR18GP10

AFC2608DLAFMM AFC261 0DLAFMM AFC2616DLAFMM AFC2624DLAFMM

MJ4P4LA24 MJ1P4LA24 MJRP4LA2420 MJLSP4LA24 SP-MJYP4LA2410 SP-MJYP4LA24X MJ4P4LA20 MJRP4LA2016 SSLCE8AP SSLCE6AP SSLCE16AP SSLCE20AP SSLCE24AP

MJ4P4LA16 MJYP4LA16 MJRP4LA1610

FORCE MAIN			
24 C905 DR18 CL235 PVC GJ GREE PIPE	
10 C900 DR18 PVC GJ GREE PIPE	
8 DI MJ RW OL SS STEM VLV UA	
1 0	DI MJ RW	OL SS STEM VLV	UA	
16 DI MJ RW	OL SS STEM VLV	UA	
24	MJ RW DI	OL SS STEM VLV	UA	
24	MJ C153 P-401 45 BEND LIA		
24	MJ C153 P-40111-1/4 BEND	UA	
24X20 MJ C153 P-401 RED LIA		
24	MJ C153 P-401 LONG SLV UA	
24	X 10 P401	LINED WYE UACC	
24"X8" C153 P-401 MJ WYE		
20	MJ C153 P-401 45 BEND LIA		
20X16 MJ C153 P-401 RED UA		
8 PVC WDG REST 'ONELOKW/A	
6 PVC WDG REST 'ONELOKW/A	
16 PVC WDG REST 'ONELOKW/A	
20 PVC WDG REST 'ONELOKW/A	
24 PVC WDG REST 'ONELOKW/A	
16 MJ C153 P-401 45 BEND UA		
16 MJ C153 P-401 WYE UA		
16X10 MJ C153 P-401 RED UA		

3241	61.000	FT	
3590	10.500	FT	
4	695.760	EA	
2	1084.590	EA	
2	4600.440	EA	
3	12859.080	EA	
12	1368.580	EA	
4	1336.710	EA	
1	1364.740	EA	
1	1256.450	EA	
1	11523.490	EA	
1	11389.470	EA	
6	1039.880	EA	
1	817.160	EA	
1	52.790	EA	
1	39.130	EA	
1	198.770	EA	
14	295.460	EA	
39	342.210	EA	
5	737.670	EA	
1	2091.650	EA	
1	597.890	EA	

197701.00 37695.00

2783.04 2169.18 9200.88 38577.24

16422.96 5346.84 1364.74 1256.45 11523.49 11389.47 6239.28 817.16 52.79 39.13 198.77 4136.44 13346.19

3688.35 2091.65 597.89

fS FERGUSON®	FEI-SARASOTA, FL WATERWORKS			Page 3 of 3		
								
	WATERWORKS		Price Quotation					
			Fax: 941-379-3797					
20:38:43 NOV 26 2018							
Reference No: B414078							
Item	Description		Quantity	Net Price	UM	Total		
MJYPi\LA16X	16X8MJC153J5:,101 WYET/A.	1	1340 930	t=::A	1340.93		
MJTCAPP4LA 16K	16X2 MJ C153 P-401 TAP CAPUA	1	394.760	EA	394.76		
SSLCE8AP	8 PVC WDG REST 'ONE.LOKW/A	1	52,790	EA	52.79		
SSLCE10AP	10 PVC WDG REST 'ONE.LOKW/A	1	91.920	EA	91.92		
SSLCE16AP	16 PVC WDG REST 'ONE.LOKW/A	17	198.770	EA	3379.09		
MJ1P4LA10	10 MJ C153 P-401 11-1/4 BEND LIA	2	331.780	EA	663.56		
MJ4P4LA10	10 MJ C153 P-401 45 BEND UA	1	332.930	EA	332.93		
MJTCAPP4LA 1OK	10X2 MJ C153 P-401 TAP CAPUA	2	211.200	EA	422.40		
SSLCE10AP	10 PVC WDG REST *ONE.LOK W/A	8	91.920	EA	735.36		
MJ4P4LAX	8 MJ C153 P-401 45 BEND UA	5	249.220	EA	1246.10		
MJTCAPP4LAXK	8X2 MJ C153 P-401 TAP CAPUA	2	221.570	EA	443.14		
SSLCE8AP	8 PVC WDG REST 'ONELOKW/A	12	52.790	EA	633.48		
	SUBTOTAL				376374.40		
			Net Total:		$1007897.97		
				Tax:		$0.00		
				Freight:		$0.00		
				Total:		$1007897 .97		

Quoted prices are based upon receipt of U1e total quantity for immediate shipment (48 hours). SHIPMENTS BEYOND 48 HOURS SHALL BE AT THE PRICE IN EFFECT AT TIME OF SHIPMENT UNLESS NOTED OTHERWISE. QUOTES FOR PRODUCTS SHIPPED FOR RESALE ARE NOT FIRM UNLESS NOTED OTHERWISE.

CONTACT YOUR SALES REPRESENTATIVE IMMEDIATELY FOR ASSISTANCE WITH DBE/MBE/WBE/SMALL BUSINESS REQUIREMENTS.

Seller not responsible for delays, lack of product or increase of pricing due to causes beyond our control, and/or based upon

Local, State and Federal laws governing type or products that can be sold or put into commerce. This Quote is offered conlingent upon the Buyer'sacceptance of Seller'sterms and conditions, which are incorporated by reference and found either following this document, or

on the web at http://wolseleyna.com/lerms_conditlonsSale.html. Govt Buyers: All Items are open market unless noted otherwise.

LEAD LAW WARNING: ll is illegal to install products that are not "lead free" in accordance with US Federal or other applicable law in potable water systems anticipated for human consumption. Products with 'NPin the description are NOT lead free and can only be installed In non-potable applications. Buyer is solely responsible for product selection.

l

fP-l!IR~lt~Sl:~RE~WISlll~~B~QJ!LE"~ll' lF.ORM

,',3'·.'  (QIJatiUty'f:1eel1ed1as 'estlmated. 'by(G0Nl'.R(G-'Tt08,,.  ·1fte.~..    i?u~:
'	,	\, f	~	,.

~-	The J.>ri~ quoted :~y the BUP,P.ller;for the CO'l5tructlo11 m~er1als'lderitlfled ,above.
($  Ji~'~,~,,,,4-, '

· '5.   ·'if.he sales'tax 'assoclate~hvrtp,;~e1P.rtce'guote.f$. ll 3-f,  11." /C::" ·

	I	I		
1~.	SHlpph19 ,a~ll)andllng ilr:isura~ce{pqst. r$__"'-----	---·	
!/1	10_elh,(er:yrdates(as.1estaol1stt!:'(1~y;~J)NT,ft6:c:r0R _....	&..;:j.,_,__~;.;...;;;...;....;..-.	
	I			

EXa1a1rr"'~'!

{RIO'ij·G.~~S'E{Cil"Rb~~.

•~.	~:EE ~JT,fGel!iID f~l!JRtt.1fSij [Bl;~l!fftJllil~N IREGl!JESjT'f:~~M1D~1Ei>~,____.;_

:2,.	~ '1~"~( ,~~l1 fllftl l,t;,i11~,.,~    ~ late(oflEl.ott!:ta(sal~'tex ~111pijc;,n 'n!l.mber __.
1	-	•	•    •   .....	•	•	'	-

1'&"-1 1,~!l'ilf ~,	JIil~~ _ii/I (&.-i>:.,,~,o ~!~•	,  1  ,	.•	
~	iw,'-11P	1~~ ~	·  ir:~. ~ -e'(uftlmafe (o~mii:.uiJ~f ~ tfle ,,coosttcic:tlqn, !materials	
I 1purcha!3~ 1PUJ'SO~nfto,tnlslP,urchese..IDl'der[.!3.l!RPllf3r~s~llll provlde"forJberr~uli'ed~!RPIOQ,
tend han~116-g 1tosuran.oetCQ,stlfor\(t~JIVety tQNhetCQnstf'l,lctlonmate~a'ts1by :th~{deUve~tdate
'r~eclfl~ IIJ \this F,?urphase(G>r~.~r.

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Quote Date:	11/15/18	Prepared by:	
Quote for:	E.T. Mackenzie of Florida, Inc.	
Project:	44th Ave East Phase 5 (REV 5)	

P.O. Box 435, Astatula, FL 34705-0435

Phone: (352) 343-8488   Toll Free: (866) 343-8488

Cell:: (941) 915-3671

·ohnn .smith  Count Materials.com

Johnny Smith	Quote Expires:    12/15/18

Attn:	Jeff

Phone:	941-756-6760

County:	Manatee	Dis.Tax Rate:

1.00%

Fax:

941-756-6698

2,985 1,650 3,171 918 992 574

LF LF LF LF LF LF
_..... _ EA

15" CL 18" CL 24" CL 30" CL 36" CL 42" CL 24"

Ill

Ill

Ill

Ill

Ill

Ill

..._

•

RCP CLASS Ill w/prelubed gasket		
RCP	CLASS Ill w/prelubed gasket		
RCP	CLASS Ill w/prelubed gasket		
RCP CLASS Ill w/ relubed gasket		
RCP	CLASS Ill w/prelubed gasket		
RCP	...,..	.....,____,........,..		
	CLASS Ill w/prelubed gasket		
Mitered End Section 4:1		
As MCI	be ~eoleol oY ye  utreol		

c

373.1	$10.64	$31,760.40	

206.3	$14.98$24,717.00

396.4	$22.82$72,362.22

114.8	$32.41$29,752.38

124.0	,	$45.29		$44,927.68		
71.8		$56.49		$32,425.26		
	_,__		_	$331.46		
		$331.46				

21	EA	15"	
207	EA	18"	
397	EA	24"	
115	EA	30"	
124	EA	36"	
72	EA	42"	
Material	lo be used	for drainage.	

Filter
Filter
Filter

Filter
Filter
Filter

diaper	with	bands	
diaper	with	bands	
diaper	with	bands	
diaper	with	bands	
diaper	with	bands	
diaper	with	bands	

$5.63 $6.27 $7.59 $8.88 $9.98 $10.88 Sub Total

$236,276.40

Clerical errors are subject lo correction.	All M.E.S. quoted as 4:1 slope unless otherwise noted. All quantities are		
rounded up lo even joints.				
AVAILABILITY SUBJECT TO CHANGE AFTER 30 DAYS	All sales are subject lo all applicable Sales	Tax	

State Tax

County Tax

$0.00 $0.00

PRICE &
unless exempt tax status Is provided prior lo first shipmen!.

Tax Amt.	$0.00	
Total	$236,276.40	

Prices quoted ere FULL TRUCK LOAD QUANTITIES require off loading by customer. Subject lo possible fuel

f.o.b. Jobslle; TRUCK NEAR AS POSSIBLE TO JOBSITE UNDER OWN POWER All surcharge, A minimum drop charge may apply on less than full truckload quanlilies.

pipe will

A 30% restocking charge will be added lo all returned Items. REQUIRE A SIGNED ORDER OR PURCHASE ORDER.

ALL

DESIGN/SPECIALTY

ITEMS

ARE

NON

RETURNABLE,

NON

REFUNDABLE,

&

Payment interest al

Terms:

the rate

All Invoices are due and payable by the of 1-1/2% per month (18% per annum).

end

of

lhe

month

followlng

Iha

month

of

purchase

Invoices

nol

paid

when

due

shall

accrue

Contract: This proposal when signed by Seller and Buyer conslltutes a binding contract and is made for acceptance within thirty (30) days from date	
hereof unless used for bidding purposes, In which case ii is for acceptance within thirty (30) days of the awarding of Iha	contract. No other contract will	
signed unless this quotation and its attached terms and condilions are made a part thereof. This bid Is conlingent upon	successful negoUaUons of Iha	
contract for this project. between County Materials Corporallon and the General Contractor/ Contractor/ Subcontractor		

be

Signature

by

Buyer,

or

Company

PO.

acknowledges

acceptance

of

Iha

terms

and

condillons

attached

Account#:

E.T. Mackenzie of Florida, Inc.

Bu  er (print name):

ET MACKENZIE-44TH AVE EAST PH 5 REV 5-BRADENTON FL-091718-Js 111518

Order Date:

Page 1 of 3

CERTIFICATE OF ENTITLEMENT

{For direct purchase of construction materials by a governmental entity pursuant to 212.08(6), F.S. and Rule 12A-1.094, F.A.c.)

The llndersigned authorized representative of Lakewood Ranch Stewardship District (hereinafter "Governmental Entity"), Florida Consumer'sCertificate of Exemption Number 85-8013512957C-4 , affirms that the tangible personal property purchased pursuant to Purchase Order Number dated 11/15/18 from County Materials (Vendor) on or after November 15, 2018 (date) will be incorporated Into or become a part of a public facility as part of a public worl<s contract pursuant to contract It with E.T. Macl<enzie of Florida, Inc . (Name of Contractor) for the construction of 44111

Ave E Phase V .

Governmental Entity affirms that the purchase of t he tangible personal property contained in the attacl1ed 1¾1rchase Order meets the following exemption requirements contained in Section 212.08(6), F.S., and Ru~12A-1.094, F.A.C. :
Y	~mltjpl each of the fol/owing requirements.

~: T_J:le'attached Purchase Order is issued directly to the vendor supplying the tangible personal

P.	e fy th;.,eontractor will use in the identified public works.

2.  Ke ven.9.0r'sInvoice will be Issued directly to Governmental Entity.

,....LL_,-• Pa~6i'tof the vendor'sinvoice will be made directly by Governmental Entity to the ve11dor pu Ile fUnds .

. Governmental Entity will take title to the tangible personal property from the vendor at the of purchase or of delivery by the vendor.

5. Governmental Entity assumes the risk of damage or loss at the time of purchase or delivery by fie vendor.

Governmental Entity affirms that if the tangible personal property identified In the attached Purchase Order does not qualify for the exemption provided in Section 212.08(6), F.S., and Rule 12A-1.094, F.A.C., Governmental Entity will be subject to the tax, Interest, and penalties due on the tangible personal property purchased. If the Florida Department of Revenue determines that the tangible personal property purchased tax-exempt by issuing this Certificate does not qualify for the exemption, Governmental Entity will be liable for any tax, penalty, and interest determined to Qe due.

I understand that if I fraudulently issue this certificate to evade the payment of sa les tax I will be liable for payment of the sa les tax plus a penalty of 200% of the tax and may be subject to conviction of a third
degree felony.	--------

Under the penalties of perjur declar ~e read the foregoing Certificate of Entitlement ancl the facts stated in it ar. ru

Supervisor

Title
I I - :;_e, - I (

Date

Federal Employer Identification Number:  76-0798690

Telephone Number:   941-755-1626

You must attach a copy of the Purchase Order to this Certificate of Entitlement.

Do not send to the Florida Department of Revenue. This Ce rtificate of Entltlement must be retained In the vendor'sand the contractor'sbool<s and records.

n.	~orura.131 fP,ersonrto~;tt,, 1mat~rta.l ~4P.l?II«.
~~tvte:\',~fi~ilmi.~ r~ , lki,\... ~	.

,· ~'b,m~ESS: Jf;'~~~	e?~-1'- "if itm	~~.:i;/4:IPr;	\fit.,,			
	11	•	°'if	',.'	-	....	..,...		
.	0i1lEtlEPPl~Nl:1NtflMBEB:	~ 4:\l' •. '~t;,__,r;-i'  ~~ ·~	.			
	'		...						
'2.	J~anufacturer1or bran~'.t;11\pde_l Qr alM.';Cfficatlon1nunjber'of;\ije:~erp.

~:f, iUM   ~~~ .s°-!fM,~  itz;e.s

11,   '
'3. '  (Quantlty1~   ,~ -as~lma~~ by,C~NTAACl'08,.·,  iB'e.rt•,- ~d~·:  '

4.	The price q4oted by the supplier for the,constn.Jciion ·rnsterlals,kse'ntifiedab9ve .

.$  111,. 't-~I. , 0

I
5.	,  ";rne sales1tax?essoclalechvlth .the IP,rl~ .qJ6~e. $   ~141 ~'14-• ~ ·

6.	'Stilp~lhg ar:,d 1hendll11g lns4rJ1nce~cost.'$._...:....,,;;..;.;..~__,;.;;;.;...;._

r,.	Deilvery'dates ·as ,established ibylCQ.NJ,~C:T'G>R._...:a.:..:,-.i:..;.---=:..:.:....:.~;..:..; ,,

'OWNER:

'	I
\10/13/2017 ,

'2~861372(1,

1a!llte1:rwait

P&(B'Gtft~S~!liroiR

~.	tSE:E1~fiflGtflED RORC!llfSElBE<ilWISliJilOll1REtit!IE~T f:~BM ,U'~fEO_....;..-'----:
\2,.	~ ~i,_p;l~~,1~ .j\ ~1(~ ,;1•~   f~tlt6t~fi;i~tl~.acsales ta>e,(~*~,Fi.U~r.nnWJ:i~r _.
t ,i 1t.-.\,;1,.    /11.   r,'jl	~...-.·,iWJ\i tt:?1~,	•	,	
l~	f-~~'I~~	:§r;	' llfifls at1e,i~itllt1Eite	co,:isum·er tof ,the (eQr\st(t:1¢t_lp,f m(terlals	
	pur¢ha:~ pursu_anf to1ffils1P.Q.rdh_ase.~coer;lSup~ller:,illall pr.ovldeifor~ i;eqlll~ 11ilPPl~g	
, .	1ancH1anclllng·~nsurance (cbst{forcteli~e!)'<~fitl;e constructlon ,material~ ~y 1ttie(dttl~e~(dete	
	(~J?!Ctfi~ ,In 1thls ~qr.dh~~I~roer.		'	

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													SALES ORDER			
					Certified							PO BOX729			
					WBE										
											SARASOTA, FL 34230			
					\.'C'O'iT\ln's	Hiun1~ E'nt~									
			TNG LLC :. E-Verify				(941) 355-2988  F: (941) 351-3765			
								www.AtlanticTNG.com			
			I													
DATE:	11/07/18	REV11/13/2018															
BILL TO:	E.T. MACKENZIE OF FLORIDA				PROJECT:		44 TH AVENUE EAST- PH V				
	ATTN: JEFF DUPAGE				COUNTY:		MANATEE						
															
QTY	DESCRII'TfON													UNIT COST	AMOUNT		
STORl\'1	48" DIAMETER CURB INLET TYPE P5, 5" WALL,	#l-1--1.  14-5,	18-10,  18-11. 18-13,	18-14,	18-5,  18-	5590.00	SI0.030.00		
17									
	7.  18-8.  20-10,  20-4.	20-5,  20-9,  23-4,  23-5.  23-6,  23-7											
	3½'  X 3½'	CURB INLET TYPE PS. 6" WALL,	#18-4									5927.00	S927.00		
18	!'RECAST TYl'E-5 INLET TOP (P-CURB ONLY)										5597.00	SI0.746.0CJ		
2	60" DIAMETER CURB INLET TYPE J6, 5" WALL, 8" REDUCER. USP #5160-6310 PTD	#P2-2,	P2-3	$1,672.00	$3,344.00		
	*MINCREASED IN SIZE PER APPROVED SUBMITI'ALS**'-											
4	4' X 4' CURB INLETTYPEJ6, 6" WAI.I.. R" REDUCER, USF#'illi0-li310 PTIJ	#l~-2.	IS-3,  20-11,  20-	Sl,211.00	$4,844.00		
	12																	
	4' X 5' CURB INLET TYPE J6. 6" WAL.I., 8" REIJUCER, USF #5160-6310 PTIJ	#22-3			~l.'i76.00	$1.576.00		
32	48" DIAMETER CURB INLET TYPE P6. 5''	WALL, USF #5160-6310 PTD  #14-2,  14-3,	16-2,  16-3,  16-5,	5647.00	S20.704.00		
	16-6,  16-9.  17-2.  17-3,  19-2,  19-3,  20-2.  20-3,  20-8,	21-3,  21-5.  21-6,  22-2,  22-5,  22-6,  22-9,  23-2,				
	23-3, 02-3,  1'3-2,  P3-3.  Ql-2.  Ql-3,  Tl-2.  Tl-3, T2-2,  T2-3											
3	3½'  X 3½'	CURB INLET TYPE P6, 6" WALL. USF#5l60-6310 PTD	#20-7.  21-2.  22-8			'!,928 00	$2,784.00		
42	PRECAST TYPE-6 INLET TOP CF-CURB ONL YJ										$871.00	S36.582.00		
60	USF #5160-6310 PTD													$340.00	S20.400.00		
	3' X 4' GRATE INLET TYPE IJ, 6" WAI.I.,	#D-15										S'il3.00	5513.00		
	USF #6626 PTD													5709.00	S709.00		
	4' X 4' MANHOLE TYPE J8. 6" WALL. 8" REDUCER.	#P2-5								$1,87R.00	S1.878.00		
	•**ADDED PER REVISED PLANS*"·'															
	5' X5'MANHOLE TYPE J8. 6" WALL, 8" REDUCER.	#16-7								$2.191.CJ0	S2.191.00		
	*MADDED PER REVISED PLANS***															
	48" DIAMETER MANHOLE TYPE P7. 5" WALL. 8" TOP SLAB,	#IJ-16				5569.00	5569.00		
6	48" DIAM\ffER MANHOLE TYPE P7. 5" WALL.	#18-6,  18-9,	18-12.	21-4.  22-4,  22-7		S797.00	S4.782.00		
9	USF # 170-CE													$201.00	$1,809.00		
13	3' X 4' SINGLE CONTROL STRUCTURE. 6" WALL, FRAME,	#CS-14.	CS-17,  CS-18. CS-19.  CS-20.	Sl,215.00	S15.795.00		
	CS-20A,  CS-21.  CS-21 B,  CS-22.  CS-22B.  CS-23.	CS-D 14, CS-IRR									
2	4' X 61/i' DOUBLE CONTROL STRUCTURE. 6" WALL, PRAME, TWO USF#6615 PTD	#CS-16,  CS-DI l	$2,077 00	$4,154.00		
17	USP#6615 PTO													$426.00	$7,242.00		
I	FIJOT INDEX 250 ENIJW/\LL FOR IS" RCP#IRR-1									'!,593.00	$593.00		
2	PDOT INDEX 250 ENDWALL POR 24" RCP	#20-13.	23-8								'!,851.00	$1.702.00		
3	FDOTINDEX250ENDWALLFOR30"RCP  #21-1,  21-9,  D-13							S1.219.00	$3,717.00		
	0  ~#21-1 REVISEIJ FROM PIPE SUPPORT TO ENIJWALL PER APPROVEIJ SUBl\·llTTALSU*					
2	FDUTINDEX250ENDWALLFOR36"RCP  #19-4,  22-12								Sl.721.00	$3.442.00		
2	FDOTINDEX250ENDWALLFOR42"RCP  #IJ-12.  22-1								S:?.405.00	$4.810.00		
	0  ~#D-12 REVISED FROM 30" TO 42": #22-1 REVISED FROM PIPE SUPPORT TO ENDWAL!. PER				
	APPROVED SUBMITTALS"*'															
	15" PIPE SUPPORT	#19-1												<l,363.00	$363.00		
9	18" PlPESUPPORT	#16-1,  17-1.  23-1.  23-9.  02-1.	P3-I.  Ql-1.  Tl-I. Tl-l				SJ90.00	S3.510.00		
2	24" PIPE SUPPORT	#14-1,  20-1												S471.00	S942.00		
3	30" PIPE SUPPORT	#20-6,  21-8,  22-11												$559.00	Sl.677.00		
6	J6" PIPE SUPPORT	#P2-I.  16-4.  17--1,  18-1,  18-15.	19-5								$651.00	SJ,906.0U		
	***#P2-l, 16-4, & 17-4 INCREASED IN SIZE PER APPROVED SUBMITTALS"*"						
															TOTAL	$176.241.00		
	•STRUCTURES  #D-2,  1>-3, 16-13, 1'3-4,  CS-Ql EW,  02-4,  P2-4,	Tl-4,  TS-4,  CS-02,  CS-1'2,  CS-				
	P3,  CS-Ql,  CS-Tl, CS-T2 ON HOLD PENDING APPROVALS										
	THANK YOU FOR THE OPPORTUNITY TO WORK WITH ET MACKENZIE ON THIS PROJECT.				

SHERRY CAHILL

CERTIFICATE OF ENTITLEMENT

(For direct purchase of co nstruction materials by a governmental entity pursuant to 212.08(6), F.S. and Rule 12A-1.094, F.A.C.)

The undersigned authorized representa tive of La kewood Ranch Stewardship District (hereinafter ''Governmental Entity''),Florida Consumer'sCertificate of Exemption Number 85-8013512957C-4 , affirms that the tangible persona l property purchased pursuant to Purchase Order Number dated 11/07/18 from Atlantic TNG (Vendor) on or after November 15, 2018 (date) will be incorporated into or become a part of a public facility as part of a public works co ntract pursuant to contract u _
w ith E.T. MacKenzie of Florida, Inc. ( Name of Contractor) for the co nstruction of  ,141h Ave E Phase V .

Governme~.f"Entity affirms that the purchase ofthe tangible personal property contained In the attached3urche Order meets the following exemption requirements contained in Section 212.08(6},
F.S.,  nd Ru  12µ(}94, F.A.C.:

mu	tnijidfeach of the following requirements.
,.,a_ .,•. T. ,-(at!,ehed Purchas: Order Is Issued directly to the vendor supplyi ng the tangible personal

y	tg.e<ontractor wm use in the identified public works.

2.	he ve nd~  B"l~   ice will be issued directly to Governmental Entity.
,,	-J.-L..I  . ~aymefof the vendor'sInvoice will be made directly by Governmental En tity to the vendor

publ' unds.

4 overnmental Entity will take title to the tangible personal property from the vendor at the purchase or of delivery by the vendor.

Governmental Entity assumes the risk of damage or loss at the time of purchase or delivery by

)	dor.

Governmental Entity affirms that If the tangible perso nal property Identified in the attached Purchase Order does not qualify for the exemption provided in Section 212.08(6), F.5., and Ru le 12A-1.094, F.A.C.,

Governmental Entity will be subject to the tax, Interest, and penalties due on the tangible personal property purchased. If the Fl orida Department of Reven lie determines t hat the tangible personal property purchased tax-exempt by Issuing this Certificate does not qualify for the exemption, Governmental Entity will be liable for any tax, penalty, and interest determined to be due.

I understand that If I fraudule11tly Issue this certificate to evade t he payment of sa les tax I will be liable for payment of the sales t ax plus a penalty of 200% of the t ax and rnay be subject to co nviction of a third degree fe lony, ~

Under the penalties of perjLrry, I decla e-tnat I have read the forego ing Certifica te of Ent itlement and the facts stated in it are

Su pervisor

Title
//-:J O- I </

Date

Federal Employer Identification Number:  76-0798690

Telephone Number:   941-755-1626

You must attach a copy of th e Purchase Order to this Certificate of Entitlement,

Do not send to the Florida Department of Revenue. This Certificate of Entitlement must be retained In the vendor's and the contractor'sbooks and record s.

LAKEWOOD RANCH

STEWARDSHIP DISTRICT

Change Order No. 9

Ryangolf Corporation

Uihlein Rd & Rangeland Pkwy Improvements

1A for Uihlein Road - F-Curb Remove/Replace at 2 Entrances, Install by Hand at 2 Entrances not Previously Installed, Regrading & Base Work

Change Order

					No.	9		
Date of Issuance:	Novombor 271 2018		Effective Date:	December 71 2018			
Pr0JocI:	Ulhleln Rd & Rang eland Pkwy	!owner: Lakowood Ranch Stewardship	Owne(1 Conlrocl No.:			
	Improvements	I	District	OaleorConlracl: January 12, 2018		
ConIrac1:	$ 11,642,973.06					
ConCorporatioIrac1:Ryangolf	n			Englnee(s Projocl No.: 215814255/		
					215610101		

The Contract Documents are modlned a.s follows upon execution of this Chango Order:

Oeacrlpllon:

1A for Ulhlsln Road- F-Curb removo/roplaco@ 2 entrances, Install by hand

@ 2 entrances not previouslye &Install d, regrading base work. Attachments: (List documents supporting change):
Change Order 9 lor Uihlein Road from Ryangolf Corporation

dated 11/20/2018.

CHANGE IN CONTRACT PRICE:	CHANGE IN CONTRACT TIMES:	
Original Contract Price:	Original Contract Times:  O Worl<lng days	■ Calendar days	
	Substanllal complellon {days or dalo)ty: Ullll	135/ Roadway 230 Days	

$  11.642,973,05

(IAGrease] (Decrease] from previously approved Chango Orders No._~___ to No. 8

$. C:1,6§3,ns.z1 1

Contract Price prior to this Change Order:

$	10.079.646.34

(Increase] (Qe6fe3&&] or this Change Order:
.. .. . -••·~~ ~     -
25.072.00	I
C
-- - ---
Contract Price Incorporating this Change Order;

$  10.104.718.34

Reedy for final payment (days or dale): __-.l!3~5~0..t=D:.!!a-"ys_____

(lncroHo] [QeoFSa&e) from previously approved Change Orders No.__....___ to No._ ___8,,____,
Substantial completion (doys): ______.1.._77.._..p'"'a...,ys.	_
Ready for final payment (days): _____1.!J7u7_,0.,_,a.,v.-s_____

Contract Times prior to this Change Order:

Substenllal completion (days or date): UUHty 317/ Roadway 407 Days

Ready for flnal payment (days or dote):	627 Days

[Increase] [Decrease) or this Change Order:
Substantial completion (days or dale): ---......C""'-------
Ready for final payment (days or date): ___...;;-"'0-'--------

Contract Times with all approved Change Orders:

Substantial completlon (days or date): Ullllty 3171 Roadway 407 Days
Ready ror final payment (days or dale): __---:§..2....z_.o...,a.,v.-s_____

RECOMMENDED:	ACCEPTED:	ACCEPTED:
Bf, ___________  _	By: _____________	By: _____________		
				
Engineer (AuIhorl1&d Signature)	Owner (Aulho~zad Slgnaul ro)	Conlrnclor (Aulhortzod Slgnelure)		
Dale: ____________Date: _____________	Dote: ___________  _		
Approved by Funding Agency (it applicable):		Date:		

EJCDC Nu, C-?4I (2002 Ed II Ion)	Pnge I or I

Prcp11rcd by the t::1111l neer~• Joint Conli-nd  Documents Co111mlClcc nnd endorsed l,y 1hr
!.A~5S!_!!O~d!_!!n.lc!!;!!dlG!.!c:!!n!!Cr!:!!n!:ICQ'o~•!!._!ll!!rll~C~lo~rs~o~f'!_A~ll!!!IC:,!'.rl~C!!_fl~lll!!!ld!._l!_h!:!!_C~C~O_!!:tlS~l!!rU!_!;C_!!tl_!!:On~S~c!;cl[!!fl!!;tR!!_t!~lo~n.!.5!,!ln!!s!ili~lu~le½. z~~~~~~~~~~57~1We

		CONTRACT CHANGE ORDER 119			
PROJECTt	UIHLEIN ROAD IMPROVEMENTS				
CON.TRACT ft LAl(EWOOD RANCH STEWARDSHIP DISTRICT				
COHTRACTOI RYANGOLF CORPORATION				
ENGINEER,					
Cnndllli>n••  Tho chansa• do1crlbad	haraln oholl bo govornod	by Iha			
lerms and	conditions ol Ula C•nlrilct1 nnd shall not In any way aUor			
the terms	al tho Contrilcl, but 11hi,II	haronrfor bo n pnrl of tho				
Contrnct.						
ITEM			I QUANTITY	IUNIT I		
110. I DESCRIPTION					
	IIDDITIOtlS					

PRICE!

I

AMOUNT (+)M

1

1 2 3 5 0 7

0 9 10 11 12

F-Curh to· bo rcmovo!I nt1d ropfilcqd duo ta grntlo changes

M 2 onlrnncos,

F,Curb lruitollo.d by hand  i:fuo. to grade chnn9cs ot 2

onlrancos. (nol previously lnslollod)

Curb removal, rogradlng 11niJ bnso work for gradt1 changes

(lnclullos 437 Ions ill FOOT bnse molorlol dollvcrod)

CREDITS

200.0

345.0 1.0

LF

LF LS

S20,GS

s10.ob S161040.00

55,782.00

s~.4so.oo

$15,040.00 so.oo

so.oo so.oo $0.00

$0,00

$0,00 so.oo
so.a.a so.oo

1		
2		
3		
4		
5		
G		
7		
0		
0		
10		
11		
12		
13		
14		
15		
16		
Z1		
2Z		
23		
Contract Tinto Prior	
lo this Chnngc Order	
Het lnc:reiJsaJDaaraasC!	
lron1	this Chnngo Order	

517,00 o.oo

NaJ lncrcaso/Docraaie lrQnt this Change Order

Conlrncl Totnl Prior

to this Chango Ordar

		so.oo		
		S0,00		
		$0,00		
		so.oo		
		SD,00		
		so.oo		
		S0,00		
		$0,00		
		.S0,00		
		$0,00		
		S0,00		
		so.oo		
		SD,00		
		SO.DO		
		so.oo		
		SO.OD		
		SO.DO		
		SD.OD		
		$0,DO		
r...	o.oo		
	-..,-_,. • ...t,_ ..._....,-.t-,·		
	US,072,0D		
'-----I···		
s	6,56~ 871.SG		
		1		

C1,1rrcnl Conlrnct Time						Currant Cantrnct Totnl			
11\cludlns	this Chong• Order		/	./'""".	527,00	lnoludlng this Chongo Order		
REASOII	FOR Clll\NGS1	,	,		//	./		-			
											
								?'""C..-			
ACCEPTABLE TO:	27'	/::}_~~		Oato1		
										
		Contrnctv'Ftlvo						
RECOhllnEIIDEO BY:								Dalot		
		Englnnar•1 RaprasantptJvo						
APPROVED DY:								Dale:		

s	s,soo,043.~o		
	.,	,,,		
		I		
/~/r.t-		
,,				

Ro1:rosontnt1vo

tlel

Chnngo

to

Contr;\\cl

Sum

Orlglnol Cantrnct Sum

Including this Chnno11 Order

s

86,563,3!15,34 (972,401,70)

01(

LAKEWOOD RANCH STEWARDSHIP DISTRICT

Change Order No. 11-Final

Woodruff

&

Sons, Inc.

Villages of Lakewood Ranch - Lorraine Road (Turn

Lane @Fruitville Road)

/	Final Overages  Extras to the County Required Turn

Lane at Lorraine Road

		Change Order	
		No. ___11__-__F__in__a l_	
Date of Issuance:    November 20, 2018	Effoctl\I0 Date:	November 20t 2018	
Projoct: Vlllage1 or Lakewood Ranch -	Owner: Le~uwood Rench Stowerdohlp District	Ownor'sContract No.:	
Lorraine Road  Turn Lam,   Fl\lllvllle Rd			
Contract:  $11,421,604.86		Date or Contract:  Ma rch 28. 2010	
Contractor: Woodruff & Sons, Inc.		Englnoer'sProj ect No.: 215612558/	
		215610101	

The Contract Documents are modified as follows upon itxocutlon of this Change Order:

Description:

Flnal overages/ extras to the County required turn lane at Lorralna Rd

Altachmonts: (Lisi documents supporting change):

Woodruff & Sons proposal 2696-P18-032 dated 9130118

CHANGE IN CONTRACT PRICE:	CHANGE IN CONTRACT TIMES:	
Orlglnal Contract Price:	Original Contract Times:   D Working days  0  Calendar days	

$  11.421.604,86

[lnoroaae] ~ from previously approved Change Or~...i.. to No.__j_Q_:

$	<739.448,17>

Contract Price prior lo this Chango Order:

Subslanllal completion (dayu,rdate): _.Fe.,.b..,ru"'a..,ry...,5,.._.2.,.0c1.:.6"'------
Ready for final payment (daya or dale): ..,M.,.a,,.,rc.,_hu2.,3.._..20._1...z______
~ [~se) from prevlously approved Change Orders
No.	1	to No.    10	:
Substantial completion (days): --1..u.___________
Ready for final payment (days): --'-''-'-----------

Contract Times prior to this Change Order:
Subslanllal camplellon (days or date): _J>LJY,11.Q11,ew,3i...2.11.0.a..171...-______

$  10,682,168.89		Reedy for final payment (day& or dote): ...,J,..ue..alYc..l,.,,8,._,,.20.._1...7______		
E3xoe1;1"8ffe) of this Chang11 Order:	[lncroaso) [Docroaso] of this Change Order:		
			Subslanllal complellan (days or date): .....N.,,,(..,A..__________		
$G8.66 ...,)	,,...	Ready for final payment (days or date): ...i;NwfA;,._________		
-	-				
Contract Price Incorporating this Change Order:	Contract Times with all epprovod Change Orders:		
			SubsIenllal complellon (days or date): ~J:,..;UQu.,e._3,,.._.2,,,0.1.171...-______		

$ 01  ,891 ,277.35

RECOMMENDED:
By: ___  _______  _

Engineer (Authortzed Signature)
Date: _  ___________

Approved by Funding Agency (If applle1ble):

Ready for final payment (daya or data): ~JJ,!Jul"-y..!1~6,~2.:.0:.17:..!....._____

ACCEPTED:	ACCEPTED:
By: _______  _  _____	By: ____________

01•mer (Authorized Signature)	Contractor (Authotlzod Slgnoturo)
Date: ______________	Date: _____________

Date: -"w:>.-----------

1!'.J CDC No. C-941 (2002 Edition)	Pngc I or I
l'tcp:1red by the Engineers'J ohtl Contrncl Doc umcnls Co m111lllcc nntl cutlorscd by the
l	J\uoc ntcd Ccncrnl Conlrnclors of Amrrlcn 111111lite Constt•ucl hm SpcclnCilllcinS lnslihllc,
v.\2IJ6\acl1\'C-\lI ,61 OIOl\ci\'\J\co11111uclloo_pl1.1tt  Joi:un~n11\f"rui1,'lll11)ou1ln,ctum J111a\d1.1t1'1C ordc1\coo6vl11•I\\T. Jorr11ilw, co• I 1•9t 11·667finnJ  ovrr1J1u•c11:1 rD_l\Oodtuff 20 181 I 10.dac

Woodruff & Sons, Inc.

iroposal

6450 - 31st Street East, Bradenton Florida 34203 (physical)	OFFICIAL USE ONLY		
P.O. Box 10127, Bradenton Florida34282-0127 (mailing)	0	Job No:	-=2=69c..=6_____		
	0	Conlrol No:-'P--00"-c.3c'------		
Tel# 941.756.1871 ~ Fax# 941.755.1379				
	D  Log Dale:	9/30/2018		
www. woodrv/fandsons. com	0	Invoice No:			
	0	Chnnge Order			

To:	LAKEWOOD RANCH STEWARDSHIP DISTRICT		Comuc1:	Roge r Aman					
Address:	14400 COVENANT WAY			Tel No:	(941) 757-1566					
	BRADENTON, FL 34203			Emoil:						
Project Nome:	Villages of Lakewood Ranch - Frultvllle Road Widening	Bid No:	PlS-032					
Project Location:	Frultvllle Road • Sarasota, FL			Bid Dute:	Wednesday, February 28, 2018			
Item II	Item Description:		Estimated Qunntity	Unit	Unit Price		Total Price			
	Change Order Request									
	Quantity Overages/Extras	$	9,118.66			$		-		
410.		3" Asphalt		9.280	tn	$144.66		1,342.44			
690.		4" Sidewalk		7.500	tn	$102.17	$	766.28			
650.		3" Asphalt		6.780	tn	$168.81	$	1,144.53	_		
		Soil Screenings		83.330	tn	$6.42	$	534.98			
		Concrete Screenings		138.780	tn	$13.91	$	1,930.43			
		Asphalt Shoulder removal north bound lane	1.000	Is	$1,100.00	$	1,100.00  ·-		
		Asphalt Shoulder removal south bound lane	1.000	Is	$2,300.00	$	2,300.00  -		

SUBTOTAL:	$ (~~~~~

Notes: • All materlal Is guaranteed to be as specified. All work to be completed In a workmanlike rnanner according to standard practices.

• Prices may be withdrawn by Woodruff & Sons, Inc. If not accepted within 45 days of receiving this proposal.

Payment Terms:  Payment due within 30 days of date of invoice, regardless of when payment Is made by Owner.

ACCEPTED:	CONFIRMED:		
The nbovc pricts, speclflcatlons and condi1ions are s01lsl11c1ory ond hereby accepted,	Woodruff & Sons, Inc.		
Buyer: ___________________			
Signolurc: ___________________	A111horizcd Slann1ure:		
r1in1cd N1m10,	Donnld P. Woodruff, President		
Dale of Acccplnncc: ________________	Eslimalor:Matt Anderson (mnttn@woodruffandsons.com)		

1(\11 2/!0IH	2696-r00) LWR Frn11,•ille Rd Widening (overage,)

LAKEWOOD RANCH STEWARDSHIP DISTRICT

Change Order No. 9-Final

QGS Development, Inc.

44th Avenue East Phase Ill

Material PO

12

Ferguson ($13,223.58)

Material

PO

11

SMR Aggregates ($29,757.27)

Sales Tax Credits ($2,578.85)

Final Quantity Adjustments ($320,987.60)

	. )		)			
			Change 9rder		
			No.	9FINAL		
.  Dote ofluuance;	10/17/17	Effeeltve Date;	__________		
						
Pt'OJOC1:	p.mer:		owntfl Cont/IOI No.:	'		
44th Avenue East Ph Ill	I Lakewood Ranoh SlewarclehlP District	Oat1of Connet			
controot:						
$2,748,867.48			7/10/16			
Conlr1c(o/1			fnitne•f• Pro)lct No,:			
ciGS De~eloomanl Inc.			216612113			

The Oontracl Document. ,re modified H  follow, upon IIKtouUon ot thl1 Change Order:

ouutpllo~:  Material PO 12 Ferguson ($13,223.58).	Final Quantity Adjustments ($3~0,987.60)

Material PO 11 SMR Aggregates ($29,757.27).

Sales Tax Credits ($2,678.86)	CO Total: ($366,647.30)

Allachmei:it•: (LIil documenta eupportlng change);

See QGS'Breakdown Attached.

CHANGE! IN CONTRACT PRICE:	CHANOI! IN CONTRACT TIMES:	
Orlglnal Contreot Price:	Orlglnel ContreCI Tlmea:  D Working days	eg Calendar days	
	Subatanllal OOn'tplellor\ 'dlyt or date): _  _	1._.8.,.0_.D"'a...,ys,______	

$,_...,;;;;2..,7_46_.667_.4_8 _____

[lnc,111111] (tacruul from prevloualy approved Ch11ngo
Ordere No .._  __...__ to ~o.	8	;
•  $.	-_93_3.._,6_94._71__~~--

Ready for final payment (d•v• or date): __21__0__0....a_..y.s	_

[I~) [Deoraue] flom pravlouaty approved Change Orders
i:ro:=1	to No.	8	:

Sub1tantlal completlon (d•r•J :	244 Days

. .  R•! dY forflnal payment (day.):	274 Days
....

244 Daya

274 Days

(Increase) I0aoreaaa) of lhla Chan"e Orde	(lnore11e] (OeoreaaeJ of this Change Order:			
			Subatanllal completion (dey1 or date):	No 9hange		
,	-3 6_,6 64 7.3_0_____	Ready for final payment (div- or date): _________		
Contra~I P~l911 lns:9@rilfriglhl1·Gh11~rder:	Contract Tlmae with all epproved Change Ordara:		
0		✓ )	S~butanllal aomplallon (deye or date):	244 Days·		
	1,446,845.47		Roady ror final payment (d1)1 or.date):	27_4_b_a__ys_-__		
						
		AOCEPTEO:			
		By: ___________			
			Owner (/\ulhorlud Slgn1lure)			
Dalt:	I/• IZ. • /I	cate:_~_______......__			
Approved by Fund(f1g Agency (If appllcabJ.,):  _____________ Date: __________

EJCDC No. c.94& (lOOlidl lion) Page Oor2 Prepared by U1e Enalneer&1 Joint Contract Docununla Committee and endotted by !he
.Auoclated Gcrm•I Contractor, of .4merlca and lht Conatrucllon 8  eclnt■llon, ln1tllutt.

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Change Order

			No.	8		
Oateorr,eu,noe:   7/01/2018		lltecillw D111:	-------- --		
--'--------------				
Projed:44111 Av1nu1 EHi Ph Ill	lo.orn., L1k1Wood Ranoh 8ltwtrd1hlp				
CO!ftdi    12,741,817.41	IDlelrlol					
			011t a1C<Jt11tc1:	7/10115		
Colir1d0f; 001 Dev1lopm1nt, lno.			tl'oQlr,eet,ProjtdNo,r 2111812113		

Tt11 Conl11at Dooumante ,,. modlfllCI II follow, upon •••autlon of 1111, Ch■ng, Ord,r:

OlllrlpllCIII: AddHlonal COD M1t1rfll P0'1 l11u1d • "1 ,1rauaon 1nd N All■ntlo - IN
oopl1t alttohld

AH1ohm1nl11 (Ll'idooumant, 1upportl11g Change):

8 pag11

	ClfANOI IN CONTRACT PRICl1		ClfANQI IN CONTRACT 11MII:			
Otlglnll 0Gntr1ct Ptlce:			Otfglnal Conlrtol Tlm11;	0 WCJrlllng dlYI    ><  Cel111du daya			
				Sublllnllal oompletlon (di~ ordat,): -	1.uO..Q_..dialJII.,.______		
I 2.741.117.49			Reidy fof nnal PIYlll•nt (4,y1cwlfllt)l _.a...10..d.,1..,,yt	_		
t!WJ fDOQ!WI) from prevlMIY approved Ching,  (ln~HH) {D1«11..1 from p..Ylouttt lflPNIYld Chang, Ordltl			
Ord111 No,	1	lo No14		No,__,_   _ lo No	'				
				811b1lanll1I comp11-.in (dl'Jllw...);•~3~f.-dai•Y1~------		
f l·91Z,taO,H>			R11dy for ftn•IPtYllltnl (4ar-): __,3..,8..,d..t.,Y1.--------		
ConltlDI PIie. p,IDI'to 1h11 Change Ordtr:		Con1r,ot Tlmll prier to thi. OIIIIIGI ONltr.	-		
				8ub1l1nll1I oompl1llon(clt)1 ordal•J.·_,_21..a...d, ..1..n----			
s UH,040,H			Rttdy tor llnal PIYl'lltnl ('l)llord■tt..,);_.2:f;uf..,d..a..v.9,_____		
(fll0/6"9) [OQC[QBIQI of Ihle Change ONi■r:	l)	(lncn ..o) (Oecttalll) Of 1h11 Change Order:			
• ( ◄!lt3110.0Rl	~Sho..> \ d Be.		8ub1l1nll1I 00mpl1Uo11 {dt','tord11t):	No Chgnqp			
	L '" ~·33~\' ai ·d Readyrornn11lpaymenl(d■)tOr dat1); _	______		
		{) ~ ?,) fl ADre						
Conlraot Ptfoe lnco,,poraUog thll Cheng• Otdlfi	iP	Contr•OI TfmH "'4111alleppro~ China• Orders:			
			II/ 1/11	8ub1l1ntl1I compltllon (d-,IC11det•~ -	..&u1f..1Ld..,1.1J1...__   _   _	_		
• l,ZID.lff,77			R11dy ro, nnal pl)'ffllnt (dl19ordtl1):.__.2...fo..d.,1..111..__  _  _	_		
		~'-.....-J.:.-=~;:::;:====-:CEPJ4 tJJ-L			
					cont~or(hl,.._ llaNt.tt)			
					Dalt:    'J(,--/ t,			
Approyeclbyfundl119Aotnoy(ll,ppllotble):  ------------- DAit: __________		
l/1\llffll01111\1tM111H'M~IN~4focllffllnllle~lngt_O'dn_,.-_,.......u,,11.coa.,1,,.H.,111«1JN1..IOtlOIOI			
&JCDC No, c-9H (J00J EdlHon)				P1111 or•		
Prtp■rtd by lb En1lnt1r•' Jol11t Contrut Dotumenh CommlNtt and endontd by •·•
A11ocl1ltd OtMnl Conlracton or Amulaa and lht Co n1lruvllon $p1t1ncarlo1u ln1tffu1,.

a
QGB Devolopmont, Inc.
P.O. Or~wer 108 ■ L.IJhl•, Florld• 33J'7 USA
(813) 834,G326 • Fu: (813) 634,17J3
Propos.al/Requestfor CO
__	P ro1msnl Submitted To:	Wor~ To JH l!Qrronncd At

To:   Lakewood Ranch Stewardship District  44th Ave. East Ph Ill

1400 Covenant Way
Lakewood Ranch, FL 34202

Date: June 8, 2016	ProposalNo.: 5

We here.by propose to provide the following:

1)  Material Credit Based on Total of COD PO #7 ~nd #8
(#8 Voided)	..	($45,599.90)
2) Sales Tax Credit Based on Total of COD PO #7 and #8
For Material ($4.5,599.90)@ 6%	($ 2,735.99)

Total Proposal/Request for CO ..	($48,335,89) .

Note:

Mateflal Cr~dlts wlll be issued In mot'lthlybllllng based on aotual flel~ measurements and % of work c('lmplete.
Sales Tax Credits will be Issued in monthly billing based on material credits.
Actual credits could be less and will be adjusted at pr:oJect tloseout.

The above work to be completed:

With payment; mRde as follows: ______.NQ\c:i.al3..,.0..,.D;;Lln...n.______________

Any al1en1tlon or deviation from the 11bovo specltloe.tlons lnv:olvlng extra cods wlll bocome an exlra oharge over end nbovc the ostimnte:Ali agreemanls are contlngont upon sirikes, ocoidents or delays beyond our control,

'l'He Purohasor: Hereby agrees that the contraotor shall; at any tlrnc after ten ( ld) day, of Purchaser's defnull In poymonl es hereby nbove provided1 have the rlght to place llens and hire nUomoys for the collection of tho past duo nmount. All costs In colloclldn end tho add[tlonal cost of IQ¾ A'PR fo1crt1St wlll be dua.
~lhiUI.2WlUI may be withdrawn by us If not O£tQIU.Q1L'XlthlDJ~.it1ru,.__________  _

ACCEPTANCE OF PROPOSAL/REQUEST FOR CHANGE ORDER

The above prices, speclfloatlons and conditions ore utlsfactory and are herobyacoepted. You are authorized 10 do tho work as speclOed, PRyli'lent wlll be made as outlined above.
Signature:	~   _	Date:__________		
				
	01111or or 1t~I1roic 1n1ivc			
Signature:~	-~,1Yb__:_~/ t~ ~- .t,lt--	Dnto: _____6/.:,""'8/=16"------		
	Qd  •fovclop111cn1. lno.			
- - - - ----9.V;._--------------------	·~-------		

L,Al(ICWOOD RANCH STJ~WARDSHIP I>JS'l'RICT
OWNER DIRECT MATERIAL PURCHASE

POEROM:

l,Al<l~WOOI) RANCH S1'EWAll-DSHJP DISTRICT

£4400 Cov.:111111t Wny
Lnkewoocl U1111ch 1 FL 34202

PURCHASE ORDER

NO. 157099-007 CDD

VENDOR - SEND INVOICES '10:	Q.GS Job No,:	15-1099	
LAl(rtWOOD.RANCH S'l'EWARDSHIP l>JS'PRICT	Ordc,· Dn!c:	0~-04-16	
P.O. Drnwo,· l08	$hip Vin:	Jobsltc	
Llthln 1 FL 33547			
PO 'fO YEN:OQ.R:	PROJltCT:  LAKEWOOD RANCH 4~T11		
1rorg1UUlll l~nlcrm'IHQ.1			
	AVE, Et\ST PHA81£ J		
7816 Profcsslonnl Pince			

NOTI&: PO IS JfOR OWNlm J)Jimc1r PURCHASIC cw MA~mlUAI, - 'l'O me SUPl•LrnD ·ro OGS,JHW., INC, - CONTACT DH.YON AR'l'llUn, cr~u, NO. 813-283-8560 [fOU,SCHF,OUl,JNG,

The Ow1101: and Su11L1ltct•'ag1•ao ns follows:

J.	DRSClUl11'lON. T:ltci,Mntt:.1:lnls. to bo l'ul'hlshed (ly 8.t11111llcl' nte ris follows:				
	__m~	Doscr.l(!Uo1i	Ut11t	Unit P·t•lcc	Totul			
		Wnto,· MlJ.tcrlqls J>cr Attnchcd			$44,418i90	$4il,4lff;9,0		
	-	0uote·								
			Totnl P(U•chll'S~ 01:il~r:	$44,!118!9.0		
					1	ORD~R AMOUN'l'"'"'	11			
		" ,,,  "DO NO'f EXCJ.t!l~I> PURCHASl~					
2,	PUUCHASU OIU>ER,  Owner ng1·oes to l'R)' S1111plior l'co'-tlic m11tc1·lnls In this 1rnrchnse 01·d.c1• nt		
	tho price set f1>1'fh- nbovc,   Mntcrlnl Is subject to Engl,neor A1mr.ovcd S11b111lttnl$, . All  1>1·lr1l'c		
	oonfrRct  1·cqulro111c11ts,  phms, 1111d  s1,ccs 111>11ly,	Curronr ·Cc1,t1nc11tc	or ·111sur1mcc	nnd  W-9		
	r11q11lre1I,  NTO Info Actnchcd,		~,...					
3,	'I!ERMS A-ND• CONDITIONS,  Snlos Tnx gx_,9.111fit- Sec Atcncll.cd,   HIiiing duo to	Lnlwwood		
	R1111ch s·towardshh> PMrlc(, P.O. D1•nworJ08"1 f.:..Uhln, Ji\L 33541 by 20111	of 111011Hi,  fov.olcc mul		
	slllp tli:1,et	1nuet: r.ofcroncc	tits 1>111·c_!lm1'c111·dor	to nvold nny ~nymcut dolnys.  Should stntcd		
	qunutUlos	~c  oxcoo.~lcd,· ~•	JdlOoffill  1111rclrnsc	ortlc1·	will  bu  rcquh·e'd  tll  c111111~	pRymont,		
	Invoice nnd Shir, ti  ct I n1st	c i!l'cnco thls·1111rehnsc ordor to nv()ld 1my·pnymc11t dolRys.		

1,A1mwo

J,AKIDWOOD UANCU S'fEWARDSIJll> DJS'l'RICT
OWNrm DIRICC't' MA11'l~RIAI, PUUCHASR

fOFROM:	PURCHASE ORDER		
IJAKEWOOD RANCH :S1'EW A:RDSHIP DlSTRJ.CT	NO. 15709-9-008 Con		
11'400 Covennnt Wa)'			
Lnkewood Rnncll, FL 34202				
VENDOR,. SEND INVOICES TO::	QGSJob No.:	15-7092		
LAKEWOOD RANCH STEWARDSHIP. DlSTRJCT	Orde1· Dato:	o~-2H6		
P.0. l)r-nwo,· 108	Shl11Vl11:	Jgh§lt~		
Lithia, FL 33547			
PO TO VENDOR:	PRQJEGJ:  LAKEWO'OD RANCH 44'1'11		
Atlantic 'l'NGLLC.			
	AVE •.EAST PHASE 3		
P.O. Qox729			
			
Snrasptn1 FhH'lcln 34230			

NO'l'l$; PO IS li'OR OW~l•~ll J>IH.ECT l'URCHASI~ OF MA'l'IDIUAL - TO DE SUPPLIED 'fO QOS DEV., INC. - CONTAC'I' DANIEJJ WOODY, Cl~U, ~O. 813-222·73§0 li'Olt SCHEDUl,INO.

1'he Own·e1· and Sup:pllcll' egrco,as:rollowa:

:1,   .DE-SCRJP'.l'ION. T.l&o Mat~rlnls to be fiu'nlsltc.d1by Supplier nro as fullows:			
Ot.v.	Dosc1•,pflon	Unit	UnllPrk.e	'l'otnl		
I	Storm Junction Box per	LS	$1,181,00	$1,181,00		
	Att11cihed;Qtu,.te	Totn1··P11rcbnsoOrder:			
			SJ,181,00		

~*"'PO NOT EXCEED PURCHASE ORDER AMOUNT"",,

2.	PURCHASE ORDER, o·wuor agrees to pny Sttppllor fQr the mntodn1Siln tbf~ pul'ohase order 11t the pl'lcll set forth nbovc. MRhll'll'tl I$ sn~Je~t to E11gl11ec1• At1proved S11l11idttld~·. All prllD\l conli'not l'Ol)1tll'cnto11ts, plans, nnd specs RP,ply, Cur,•cnt Ctrtfflcntc of Insurance and W-9
1·eq111i·ed.  NTiO tura Aftnch.od.

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shit>  tlo.kct must 1•cfc1•once  this 1>111°chnsc  013lo1"•fo nvold nny imymont dclnys.  Should stnted
,,unntltlos  bo  oxcccdc<\,  ~fl  nddlf.lo11n1,p11rchnso  ordc1•  will  be 1ic11uh'.Clll  to  ousm·c 1,nymo111.
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...

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LAKEWOOD RANCH STEWARDSHIP DISTRICT

Work Authorization - UES Proposal

1130.1018.00052

Universal Enginering Sciences, Inc.

Lakewood Ranch

Boulevard (Fruitville

Village)

Rd

to South

GEO - Pile Monitoring

WORK AUTHORIZATION

December 7, 2018

Lakewood Ranch Stewardship District

Subject:	Work Authorization- UES Proposal 1130.1018.00052

Lakewood Ranch Stewardship District

Dear Chairman, Board of Supervisors:

Universal Engineering Sciences, Inc. ("Engineer") is pleased to submit this work authorization ("Work Authorization") to provide geotechnical and soil testing engineering services for the Lakewood Ranch Stewardship District (the "District"). We will provide these services pursuant to our current agreement dated April 1, 2016 (the "Agreement") as follows:

I.	Scope of Work

The District will engage the services of Engineer to perfo1m construction materials and soil testing for the Lakewood Ranch Boulevard (Fruitville Road to South Village) project as discussed in more detail in the attached Exhibit A, which is incorporated herein by this reference (the "Services").

II.	Fees

The District will compensate the Engineer for the completion of the Services on an hourly basis in the approximate amount of Thirty-Eight Thousand One-Hundred and Ten Dollars ($38,110.00) in accordance with the terms of the Agreement. The District will reimburse Engineer for all direct costs which include items such as printing, drawings, travel, deliveries, et cetera, pursuant to the Agreement.

This Work Authorization, together with the Agreement, represents the entire understanding between the District and the Engineer with regard to the referenced Services. If you wish to accept this Work Authorization, please sign both copies where indicated, and return one complete copy to our office. Upon receipt, we will promptly schedule the Services.

Thank you for  considering Universal Engineering Services,  Inc.  We  look forward  to  working

with you.

Sincerely,

APPROVED AND ACCEPTED	EngineeringUniversal	Sciences, Inc.

By:--------------
Authorized	Representative  of  Lakewood  Ranch
Stewardship District	By: _____________

EXHIBIT

A

I.

Scope

of

Services & Understanding of	Project (See attached		
		proposal or as indicated below).		
UES		1130.1018.00052		
Opportunity No.:			
Staff Geotechnical Engineer: 12 hrs@SB5.00 per hour: $1,020.00		
Project Engineer: 6 hrs @			
	$115.00 per hour: $690.00		
Senior Engineering Technician: 300	hrs@		
QC Manager: 12 hrs	$50.00 per hour: $15,000.00		
	@$75.00 per hour: $900.00		

Vibration Monitoring:

$300/day  Inspector:

Seismograph Unit: $750 per month = 2
(daily rate to Install, retrieve & Vibration Reporting data: $100/wk = 10

months @ $750.00	: $1,500.00	
monitor)= 60 days @$300.00:	
Weeks@$100.00	= $1,000.00	

$18,000.0_0·		
/	_cf.	.2.ID	
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DJSTmBOTION

UST

UNIVERSAL ENGINEERING SCIENCES, INC.

Work Authorization I Pro osal Acee tance Form

PLEASE SIGN AND RETURN ONE COPY

Universal Engineering Sciences, Inc. (Universal) Is pleased to provide the services described below. The purpose of this document is to describe the terms under which the services will be provided and to obtain formal authorization.

Project Name: Lakewoog Ranch Boulevard {Eruflvllle Rd to South Village} - GEO - PIie Monitoring - Lakewood Ranch Stewardshlb DJsldcl Date: October 31, 201a
Project Location: Lakewood Ranch, Sarasota Coyntv, Flodda		
Client Name: Lakewood Ranch Stawarclshlp Dlslelct	Contact: ..,R.._og..,e.._r.._Am.....,a...o_____________	
Contact Business Address: 14400 Covenant way. Lakewood Ranch. FL 34202	
Contact Fax Number: 941-758-7796	Contact Phone: 941-727-9200	Emall: roger.aman@lakeWoodranch.com	

I. Scope of Services & Understanding of Project (See attached proposal or as Indicated below),

UES Opportuni ty No.:	1130.1018.00052			
Staff Geotechnlcal Engineer: 12 hrs @ $85.00 per hour: $1,020.00			
Project Engineer: 8 hrs @$115.00 per hour: $690.00			
Senior Engineering Technician: 300 hrs@$50.00 per hour: $15,000.00			
QC Manager: 12 hrs @ $75.00 per hour: $900.00			
Vibration Monitoring:			
Seismograph Unit: $750 per month= 2 months@ $750.00: $1,500.00	-··-	·-	
Inspector; $300/day (dally rate to Install, retrieve & monitor)., 60 days @$300.00: $18,000.00/	---.	
Vibration Reporting data: $100/wk •	10 Weeks @$100,00 = $1,000.00	(  cJ. .2fi)	_,,,.	
		·:,>...::,c>	, ro j   .  7 ·	
II. Contract Documents. The following documents form part of the Agreement and are Incorporated herein by referral:

A. Universal General Conditions.

In the event of any Inconsistency or conmcling among the Contract Documents, the provision In that Contract Documents first listed above shall govern.
Ill. Authority to proceed and for payment. (To be completed by Cllent)

A. For payment of Services, Invoice to the account of:

Social Security Number or Firm:.__________________________ Federal Identification No.: ______
Address:	City:	Zip Code: ___
Attention: ___________________ Title: ___________________
Phone:	Fax: ___________________

B. If the Invoice Is to be mailed for approval to someone other than the account charged, please Indicate where, below:
Firm:_________________________________________
Address: ___________________ City: ____________ Zip Code: ___
Attention:	Title: ___________________
Phone:	Fax: ___________________

IN WITNESS WHEREOF, the parties have caused this Agreement to be executed by their duty authorized representatives
lhis _____________ day of __________ 2018.
CLIENT: ___________________ UNIVERSAL ENGINEERING SCIENCES. INC.
BY (signature):	BY (signature):    ~ <'.":::::3   <

NAME:	NAME: Robert Gomez

TITLE:	TITLE:  Branch Manager

u.

m-

e:esAL

, ENG!NEERING SCIENCES

Consultants frn Goot~~ni~al Ellgrneerlng	
Envlrtirirrlciita1	Sciences• Construction Material	
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Universal Engineering Sciences, Inc.

GENERAL

CONDITIONS

SECTION

1:

RESPONSIBILITIES

1.1

1.2

1.3

1.4

Universal Engineering Sciences, Inc.,	("UES"), has the responsibility for providing the services described under the Scope of Services section. The	
work is to be performed according lo	accepted standards of care and ls to be completed in a timely manner. The term "UES" as used herein	
includes all of Universal Engineering Sciences,	Inc's agents, employees, professional staff, and subcontractors.		
The Cllent or a duly authorized representative	Is responsible for providing LIES with a clear understanding of the project nature and scope.  The	
Client shall supply LIES with sufficient and adequate information, including, but not limited to, maps, site plans, reports, surveys and designs, to	
allow UES lo properly complete the specified services. The Client shall also communicate changes In the nature and scope of the project as soon	
as possible during performance of the workthatso	the changes can be Incorporated into the work product.		
The Client acknowledges that UES'sresponsibilities In providing the services described under the Scope of Services section is limited to those	
services described therein,	and	the Client hereby assumes any collateral or affiliated duties necessitated by or for those services. Such duties may	
include, but are not limited	to,	reporting requirements Imposed by any third party such as federal, stale, or local entities, the provision	of any	
required notices lo any third party, or	the securing of necessary permits or permissions from any third parties required for UES'sprovision	of the	
services so described, unless otherwise agreed upon by both parties.		
Universal will not be responsible for scheduling our services and will not be responsible for tests or Inspections that are not performed due to	a	
failure to schedule our services	on the project or any resulting damages.		

1.5

PURSUANT TO FLORIDA STATUTES §558.0035, ANY INDIVIDUAL EMPLOYEE OR AGENT OF LIES MAY NOT BE HELD INDIVIDUALLY LIABLE FOR NEGLIGENCE.

SECTION 2.1

2:  STANDARD OF OARE

Services performed by LIES under this Agreement will be conducted in a manner consistent members of UES'sprofession practicing contemporaneously under similar conditions In the implied, Is made.

with the level of care and skill ordinarily exercised by	
locality of the project.warranty,Noother	express or	

2.2	The Client recognizes that subsurface conditions may vary from those observed at locallons where borings, surveys, or other explorations are		
	made, and that site conditions may change with lime,  Data, Interpretations, and recommendations by	UES will be based solely on Information		
	available to LIES at the time of service.  UES is responsible for those data, interpretations, and recommendations, but will not be responsible for		
2.3	other parties'Interpretations or use of the information developed.							
	Execution of this document by UES is not a representation that UES has visited the site, become generally familiar with local conditions under		
	which the services are to be	performed, or correlated personal observations with the requirements of the Scope of Services. II is the Client's		
	responsibility lo	provide UES with all information necessary for LIES to provide the services described under the Scope of Services, and the Client		
2.4	assumes all liability for Information not provided to UES that may affect the quality or sufficiency of the services so described.			
	Should  UES  be retained to	provide threshold inspection services under Florida Statutes §553.79, Client acknowledges that UES's services		
	thereunder do not constitute a guarantee that the construction in question has been properly designed or constructed, and UES'sservices do not		
	replace any of the obligations or liabilities associated with any architect, contractor, or structural engineer. Therefore II is explicitly agreed that the		
	Client will not hold	LIES responsible for the proper performance of service by	any architect, contractor, structural engineer or any other entity		
	associated with the project.								
SECTION 3:  SITE ACCESS AND SITE CONDITIONS							
3.1	Client will grant or obtain free access to the site for all equipment and	personnel necessary for LIES to perform the work set forth In this Agreement.		
	The Client will notify any and all possessors of the project site that Client has granted UES free access lo the site.	LIES will take reasonable		
	precautions lo minimize damage lo the site, but it is understood by	Client that,	In the normal course of	work, some damage may occur, and the		
3.2	correction of such damage is not part of this Agreement unless so specified In the Proposal.					
	The Client is responsible for the accuracy of locations for all subterranean structures and utilities.  UES	will lake reasonable precautions to avoid		
	known subterranean structures, and the Client waives any claim against UES, and agrees to defend, indemnify, and hold UES harmless from any		
	claim or liability for injury or loss, including costs of defense, arising from damage done lo subterranean structures and utilities not Identified or		
	accurately located.  In addition, Client agrees lo compensate UES for any time spent or expenses incurred by LIES In defense of any such claim		
	with compensation to be based upon UES'sprevailing fee schedule and expense reimbursement policy.					
SECTION 4: SAMPLE OWNERSHIP AND DISPOSAL							
4.1	Soil or water samples obtained from the.project during performance of the work shall remain the property of the Client.				
4.2	LIES will dispose of or return	lo Client all remaining soils and rock samples 60 days after submission of report covering those samples.	Further		
4.3	storage or transfer of samples	can be made al Client'sexpense upon Client'sprior written request,					
	Samples which are	contaminated by petroleum products or other chemical waste will be returned to Client for treatment	or disposal, consistent with		
	all appropriate federal, state, or local regulations.							
SECTION 5: BILLING AND PAYMENT								
5.1	UES will submit invoices to Client monthly or upon completion of services.	Invoices will show charges for different personnel and	expense		
5.2	classifications.										
	Payment is due	30	days after presentation of Invoice and Is past due	31 days from Invoice date.  Cllent agrees to pay a finance charge of	one and		
5.3	one-half percent	(1	½ %) per month, or the maximum rate allowed by	law, on past due accounts.					
	If UES Incurs any expenses to collect overdue billings on invoices, the sums paid by UES for reasonable attorneys'fees, court costs, UES'slime,		
	UES'sexpenses, and interest will be due and owing by the Client.							

SECTION 6.1

6.2 6.3 6.4

6:  OWNERSHIP AND USE OF DOCUMENTS

All reports, boring logs, field data, field notes, laboratory test data, calculations, estimates, and other documents prepared by LIES, as instruments of service, shall remain the property of LIES.
Client agrees that all reports and other work furnished to the Client or his agents, which are not paid for, will be returned upon demand and will not be used by the Client for any purpose.
LIES will retain all pertinent records relating to the services performed for a period of five years following submission of the report, during which period the records will be made available to the Client at all reasonable times.

All reports, boring logs, field data, field notes, laboratory test data, calculations, estimates, and other documents prepared by UES, are prepared for the sole and exclusive use of Client, and may not be given to any other party or used or relied upon by any such party without the express written consent of UES.

SECTION 7:  DISCOVERY OF UNANTICIPATED HAZARDOUS MATERIALS													
7.1	Client warrants that a reasonablehas effort	been made to Inform UES	of known or suspected hazardous materials on or nearsite.the project		
7.2	Under this agreement,						
		the term hazardous																	
										materials include hazardous materials (40 CFR 172.01), hazardous wastes (40 CFR 261.2), hazardous		
7.3	substances (40 CFR 300.6), petroleum products, polychiorinated biphenyls, and asbestos.								
	Hazardous	materials may exist at a site where there	is no	reason to believe they could	or	should be	present.  UES and Client agree that the		
											
	discovery of	unanticipated hazardous materials	constitutes a changed condition mandating a	renegotiation of the scope of work.  UES and Client		
	also agree that the discovery of unanticipated hazardous materialsmakemay									
		ii necessary for UES to take Immediate measures to protect health		
	and safety.		Client agrees to compensate UES for any equipment	decontamination or other costs Incident to the discovery of unanticipated		
	hazardous waste.											
7.4																						
	UES agrees to notify Client when unanticipated hazardous materials or suspected		hazardous materials are encountered.  Client agrees to make		
	any																				
		disclosures required by law to the appropriate governing agencies.  Client also agrees to hold	UES	harmless for any and all consequences of		
						
	disclosures made by	UES which are required by governing law.	In the event the project site is not owned by Client,recognizesClient	that it Is the		
7.5	Client'sresponsibility	to Inform the property owner of the discovery of unanticipated	hazardous materials or suspected hazardous materials.		
	Notwithstanding any other provision of											
		the Agreement, Client waives any claim against UES, and to the	maximum extent permitted by law, agrees		
					
	to defend, indemnify, and save UES harmless from any claim, liability, and/or defense costs for Injury or loss arising from UES'sdiscovery of		
	unanticipated hazardous materials or suspected																
	with possible	reduction	of the property'svalue.	hazardous materials including any costs created by delay of the project and any cost associated		
				Client will be	responsible for ultimate disposal of any samples secured by UES which are found to		
										
	be contaminated.																					
SECTION 8:  RISK	ALLOCATION																			
8.1	Client agrees that UES'sliability for any damage on account of any breach	of	contract, error, omission or other professional negligence will be		
	limited to a sum not to exceed $50,000 or UES'sfee,	whichever Is greater.	If	Client prefers	to have higher limits on contractual or professional		
	liability, UES agrees to increase the limits up to a maximum of $1,000,000.00 upon	Client'swritten request at the time of accepting our proposal		
	provided that Client agrees to pay an additional consideration								
		of four percent of the total fee, or	$400.00, whichever is greater.	The additional		
	charge for the higher liability limits is because of	the greater risk	assumed and is not strictly a charge for				
																							additional professional liability insurance.		
SECTION 9:  INSURANCE																					
9.1	UES represents	and warrants that it and its agents, staff and	consultants employed by It, Is	and are	protected by worker'scompensation insurance		
	and that UES	has such																		
			coverage under public liability and property damage insurance policies which UES deems to be adequate.  Certificates for		
	all such policies of				
												Within the limits and conditions of such insurance,	UES agrees to		
						Insurance shall be provided to Client upon request in writing.				
	Indemnify and save Client harmless from and against loss, damage, or liability arising from negligent acts by UES, its agents, staff, and consultants		
	employed by it.	UES	shall not be	responsible for any loss, damage or liability beyond the	amounts, limits, and conditions of such Insurance or the		
	limits described							
		in Section B, whichever	is less.  The Client agrees to defend,	indemnify and save UES harmless for loss, damage or llablllty arising		
	from acts by Client, Client'sagent, staff, and other UESs employed by Client.			
													
SECTION 10:  DISPUTE RESOLUTION																			
10.1	All claims, disputes, and other matters	in controversy between UES and Client arising out	of or	In any way related to this Agreement wlll be		
	submitted to	alternative dispute resolution (ADR) such as mediation or	arbitration, before and as a condition precedent to other remedies provided		
	by law, Including the commencement of	litigation.						
10.2																		
	If a dispute arises related to the services provided under this														
	then:												Agreement and that dispute requires litigation Instead of ADR as provided above,		
																											
	(a)		the claim will be brought and tried in judicial					of the county where UES'sprincipal place of business is located and		
			Client waives				jurisdiction of the court			
	(b)			the right to remove the action to any other county or judicial jurisdiction, and					
			The	prevailing party will be entitled to recovery of	all	reasonable costs incurred,	Including staff lime, court costs, attorneys'fees, and		
			other claim related expenses.														
																					
SECTION 11:  TERMINATION																					

11.1

11.2

This agreement may be	terminated by either party upon	seven (7) days written notice in the event of		
perform in	accordance with the terms hereof.  Such	termination shall not	be effective If that	substantial failure by the other party to		
						
of the period specified in	the written notice.				substantial failure has been remedied before expiration		
		In the event of termination, UES shall be paid for services	performed to the termination notice date		
plus reasonable termination expenses.							
							
In the event of termination, or	suspension for more than three (3) months, prior to			
may complete such analyses and records as are			completion of all reports contemplated by the Agreement, UES		
			Its files and may also complete a report on the services performed to the		
date of notice of termination or suspension.	necessary to complete			
	The expense	of termination or suspension shall include all direct costs of UES In completing such		
analyses, records and reports.								

SECTION 12:  ASSIGNS												
12.1	Neither the Client nor UES may delegate, assign, sublet or transfer their duties or Interest in this Agreement without the written consent of the other		
			
	party.														
SECTION 13. GOVERNING LAW AND SURVIVAL									
13.1	The laws of	the State of Florida will govern the validity of these Terms, their interpretation and performance.			
13.2	If any of the provisions contained in	this Agreement are	held	Illegal, invalid, or unenforceable, the enforceability of the remaining provisions will not		
	be Impaired.	Limitations of liability and indemnities will survive termination of this Agreement for any cause.			
						
SECTION 14. INTEGRATION CLAUSE											
14.1	This Agreement	represents and contains the entire and only agreement and understanding among the parties with respect to the subject matter of		
	this  Agreement,			
		and  supersedes	any	and  all  prior	and	contemporaneous	oral  and  written	agreements,  understandings,  representations,		
	inducements,  promises, warranties,	and	conditions	among	the parties.   No agreement,				
						understanding,	representation, inducement, promise,		
	warranty, or		condition of any kind with							
				respect to	the	subject matter of this	Agreement shall be relied	upon by the parties unless expressly		
	incorporated herein.									
14.2												
	This									writing signed by the party against whom the enforcement of any		
	Agreement may not be amended or modified except by an agreement in			
	modification or amendment is sought.										

Rev.

06110/15